Glendora City Council
February 24, 2026

David Fredendall, Mayor, District 2
Karen Davis, Mayor Pro Tem, District 4
Michael Allawos, Councilmember, District 1
Shaunna Elias, Councilmember, District 3
Mendell Thompson, Councilmember, District 5

CITY COUNCIL, SUCCESSOR AGENCY AND HOUSING AUTHORITY
7:00 PM GENERAL SESSION
Tuesday, February 24, 2026
City Hall Council Chamber
116 E. Foothill Boulevard, Glendora
AGENDA

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
The City of Glendora encourages community participation at its public meetings. Speakers are limited to three minutes, and time may not be shared or transferred. A total of 30 minutes is reserved for public comment, which may be extended by majority vote of the legislative body. At regular meetings, comments may address both agenda and non-agenda items during the Public Comment portion, with additional opportunities to speak provided during Public Hearings. At special meetings, public comment is limited to agenda items. Residents may participate in person or submit comments by email, phone, mail, or other available methods. Participation options may be adjusted if a State of Emergency, Health Order, or Executive Order limits in-person attendance. For more information, see the Guide to Public Meetings and Participating in Public Meetings on the City’s website at www.cityofglendora.gov/citymeetings.

2. Public Comments Received

MEMBER STATEMENTS/REPORTS

CITY MANAGER AND CITY ATTORNEY STATEMENTS

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

3. Affirm minutes from the January 27, 2026 and February 10, 2026 Meetings Recommended Action for City Council, Successor Agency and Housing Authority:
— 1. Affirm minutes as presented.

4. Authorize the Purchase of Five Workstations, a Multipurpose Room and Related Furniture Recommended Action for the City Council:
— 1. Authorize the Purchase of Five Workstations, Multipurpose Room and related Furniture from Government & Business Interiors, LLC in an amount not to exceed $55,000.

5. City of Glendora and Glendora Successor Agency Investment Report for January 2026 Recommended Action for the City Council and Successor Agency:
— 1. Receive and file the Monthly Investment Activity Report for January 2026.Receive and file the Monthly Investment Activity Report for January 2026.

6. Consideration of a Construction Contract with SAVI Construction, Inc. for the CDBG-Funded Curb Ramp Improvements Project FY 2025-2026 in an amount not to exceed $250,360 Recommended Actions for City Council:
— 1. Adopt a Categorical Exemption pursuant to the California Environmental Quality Act pursuant to Section 15301(c) of the California Code of Regulations (CEQA Guidelines); — 2. Approve the Agreement with SAVI Construction, Inc. for the CDBG-Funded Curb Ramp Improvements Project FY 2025-2026, Plan No. 1402, in the amount of $227,600; — 3. Authorize a contingency for necessary change orders in an amount not to exceed 10% (i.e., $22,760) of the total contract amount for a total authorization not to exceed $250,360; and — 4. Authorize the City Manager or his designee to execute the Agreement and approve change orders within the approved contingency amount, including minimal and/or non-substantive changes.

7. Final Tract Map No. 83901 (Applicant - Owner: Enclave Oak Glenn, LLC; Location – 1201-1215 E.

Highway, Glendora)
Recommended Actions for City Council:
— 1. Adopt a City Council Resolution entitled, “A RESOLUTION OF THE CITY COUNCIL APPROVING TRACT MAP NO. 83901 FOR SUBDIVISION OF LAND TO CREATE 46 RESIDENTIAL CONDOMINIUM UNITS ON A SINGLE LOT, GLENDORA, CALIFORNIA”;
— 2. Authorize the Mayor to execute the Indemnity and Subdivision Improvement Agreements; and — 3. Authorize the City Engineer and City Clerk to sign Final Tract Map No. 83901.

UNFINISHED BUSINESS

8. Conduct a Mid-Year Budget Review and Adopt a Joint Resolution amending the Fiscal Year 2025-26 Recommended Actions for the City Council, Successor Agency, Housing Authority, and Public Financing Authority:
— 1. Adopt a Joint City Council Resolution entitled, "A RESOLUTION OF THE CITY COUNCIL, SUCCESSOR AGENCY AND HOUSING AUTHORITY AMENDING THE FY 2025-26 FISCAL BUDGET PER THE MID-YEAR REVIEW RECOMMENDATIONS."

9. Use of One-Time Funds
Recommended Actions for City Council:
— 1. Receive an overview on one-time funding opportunities; and — 2. Provide direction, as needed.

MEMBER/STAFF CLOSING COMMENTS

ADJOURNMENT
Date Posted: February 19, 2026 05:59 pm

STAFF REPORT
TO: Mayor and Council Members DATE: February 24, 2026
FROM: City Clerk DISTRICT(S): Not Applicable
SUBJECT: Affirm minutes from the January 27, 2026 and February 10, 2026 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 the 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 bodies to ensure transparency and accuracy in government proceedings. The action minutes for the January 27, 2026 and February 10, 2026 meetings were compiled based on staff notes and official recordings. No requests for revisions or amendments have been received to date.

By affirming the minutes, the 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 Sessman, MMC, City Clerk / Communications Director Certified to Availability of Funds: Not Applicable
Approved By: Kathleen Sessman, MMC, City Clerk / Communications Director Legal Review: Not Applicable
CEQA Review: Not Applicable
Attachments
A_January_27_2026_Regular_Meeting_Minutes.pdf
B_February_10_2026_Regular_Meeting_Minutes.pdf
City of Glendora Minutes
Regular Meeting
January 27, 2026
City Hall Council Chamber
116 E. Foothill Boulevard
Virtually via Zoom ID# 9329247224
The City Council also serves as members of the Board of Directors of the Successor Agency of the former Community Redevelopment Agency, and Housing Authority which are concurrently convening this evening.

CALL TO ORDER
The City Council, Successor Agency and Housing Authority meeting was called to order at 7:00 PM by Mayor/Chair Fredendall.

ROLL CALL
Members Present: Michael Allawos, Shaunna Elias, Mendell L. Thompson, Mayor Pro Tem/Vice-Chair Karen Davis, 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, Chief of Police Mike Randazzo, Community Development Director Jeff Kugel, Finance Director/City Treasurer Kyle Johnson, Assistant Public Works Director Valerie Velasquez-Santoya, City Clerk/Communications Director Kathleen Sessman, Economic Development and Housing Manager Tiffany Chew, Business Services Manager Julie Linger, City Planner Mark Carnahan, Management Analyst Stephanie Ryan, Digital Media Specialist Craig Gill, Senior Digital Media Specialist Greg Morton, and Deputy City Clerk/Records Manager Roxanne Breceda

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

The Pledge of Allegiance was led by Julie Michael.

HIGH SCHOOL STUDENT REPORTS

1. High School Student Reports
Student reports were presented by Charter Oak Student Representative Iris Cuevas and Saint Lucy’s Student Representatives Sophia Munoz and Julie Michael.

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

PUBLIC COMMENT

2. Public Comments received
Members of the public addressed the Council, and written correspondence was received from: Norma Fernandez, Frank Artura, Bob Moore, Hector Rojero, and Hayley Block.

City of Glendora Minutes January 27, 2026 Page 2 of 4
Regular Meeting City Council, Successor Agency and Housing Authority

MEMBER STATEMENT/REPORTS
Councilmember/Commissioner Thompson encouraged residents to report potholes, commented on the recent weather conditions, provided an update that management is obtaining bids to repair the Council Chamber roof, and acknowledged the students in attending the meeting tonight.

Councilmember/Commissioner Elias reported on her participation in the 2026 Greater Los Angeles Homeless count and clarified a misunderstanding regarding her assigned counting area, provided an update on touring the Men's Central Jail, and commented on a recent incident at her residence related to a Council policy matter, and encouraged members of the public to contact her through the City, by email or phone to schedule a meeting with her.

Councilmember/Commissioner Allawos requested that the meeting be adjourned in memory of Sylvia Sleeky and reported on attending the League of California Cities Governance, Transparency, and Labor Relations Policy Committee meeting in Sacramento.

Mayor Pro Tem/Vice-Chair Davis thanked staff for their assistance with the 2026 Greater Los Angeles Homeless Count, commented on community member Sylvia Sleeky, invited the community to attend a celebration of her life on January 31, 2026, at Foothill Christian Church, and commented on Glendora High School’s Bandorama.

Mayor/Chair Fredendall reported on his participation in the 2026 Greater Los Angeles Homeless Count and recognized Principal Planner Friedel on being selected to serve a 15-month assignment with the California Governor’s Office of Land Use and Climate Innovation, Visioning and Community Engagement Technical Advisory Group.

CITY MANAGER AND CITY ATTORNEY STATEMENTS
City Manager/Executive Director Raymond announced that the City will be distributing notices regarding the annual Consumer Price Index (CPI) water rate adjustment, noting the 3.45 percent increase effective March 1, 2026.

Assistant City Manager Lopez responded to inquiries regarding potholes, trash, and street debris, advised the public to contact the Public Works Department at (626) 914-8246 or [email protected], reported that 40 potholes were repaired following the recent rainstorm, and announced that the City received a $1.2 million grant for the Sandburg Middle School Park Track and Field conversion, supported by Congressman Cisneros.

City Attorney Aleshire provided a brief overview of the City of Glendora’s mayoral selection process and commented on mayor selection practices among California cities.

CONSENT CALENDAR
A motion was made by Councilmember/Commissioner Allawos, seconded by Mayor Pro Councilmember/Commissioner Thompson, that the City Council approve Consent Calendar Items #3 - #7 as presented, affirming the action appropriate to each item.

Motion carried 5 - 0 as follows: AYES: Allawos, Elias, Thompson, Davis, Fredendall; NOES: None; ABSENT: None; ABSTAIN: None.

3. Affirm minutes from the January 13, 2026 Meeting
The City Council, Successor Agency, and Housing Authority affirmed minutes as presented.

City of Glendora Minutes January 27, 2026 Page 3 of 4
Regular Meeting City Council, Successor Agency and Housing Authority

4. City of Glendora and Glendora Successor Agency Investment Report for December 2025 The City Council and Successor Agency received and filed the Monthly Investment Report for December 2025.

5. Glendora Housing Authority Annual Report for Fiscal Year 2023-2024 The City Council and Housing Authority 1. Received and filed the annual report, and 2. Directed staff to forward report to the California Department of Housing and Community Development.

6. Award an Agreement for Contract Services to Marx Brothers Fire Extinguishers Company, Inc. for Fire Suppression System Maintenance in an amount not to exceed $94,590 during the initial term of the Agreement (RFP No. 9890745) The City Council 1. Awarded an Agreement for Contract Services to Marx Brothers Fire Extinguishers Company, Inc. for Fire Suppression Maintenance and Repair services at City of Glendora facilities in the amount of $31,530 annually, not to exceed $94,590 during the initial term of the Agreement; 2. Authorized the City Manager or his designee to approve up to two, one-year extensions to the term of the Agreement, along with adjustments to the Contract Sum that do not exceed the applicable CPI increases for such periods; and 3. Authorized the City Manager or his designee to execute the Agreement including minimal and/or non-substantive changes.

7. Award an Agreement for Contract Services to Pro-Craft Construction, Inc. for As-Needed Plumbing Services in an amount not to exceed $225,000 (RFP No. 9940965) The City Council 1. Awarded an Agreement for Contract Services to Pro-Craft Construction, Inc. for as-needed plumbing services at various City of Glendora facilities in the amount not to exceed $225,000; 2. Authorized the City Manager or his designee to approve up to three, one year extensions to the term of the Agreement; and 3. Authorized the City Manager or his designee to execute the Agreement, including minimal and/or non-substantive changes.

UNFINISHED BUSINESS

8. Adoption of the Initial Study/Mitigated Negative Declaration (IS/MND), Associated Project Plans, a Use and Maintenance Agreement with Los Angeles County Flood Control District, and an Amendment to the Contract Agreement with Craftwater Engineering, Inc. for the Finkbiner Park Stormwater Capture Project Following discussion, a motion was made by Councilmember Allawos, seconded by Councilmember Thompson, that the City Council approve the following actions: 1. Adopt the Initial Study/Mitigated Negative Declaration (IS/MND) and the associated Mitigation Monitoring and Reporting Program (MMRP) for the Finkbiner Park Stormwater Capture Project pursuant to the California Environmental Quality Act (CEQA); 2. Approve the Finkbiner Park Stormwater Capture project plans; 3. Authorize the City Manager to execute a Use and Maintenance Agreement with the Los Angeles County Flood Contract District (LACFCD) for project implementation on County property; 4. Approve an Amendment to the Contract Services Agreement with Craftwater Engineering, Inc., to extend the term of the agreement through December 31, 2026, to provide continued support through the regulatory permitting process; and

5. Authorized the City Manager to execute the amendment to the Amendment to the Contract Services Agreement with Craftwater Engineering, Inc.

City of Glendora Minutes January 27, 2026 Page 4 of 4
Regular Meeting City Council, Successor Agency and Housing Authority Motion carried 5 - 0 as follows: AYES: Allawos, Elias, Thompson, Davis, Fredendall; NOES: None; ABSENT: None; ABSTAIN: None.

9. Resolution Adopting the Glendora Local Hazard Mitigation Plan (LHMP) A motion was made by Mayor Pro Tem Davis, seconded by Councilmember Thompson, that the City Council approve the following action: 1. Adopted Resolution CC 2026-01 titled, “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GLENDORA ADOPTING THE 2025 GLENDORA LOCAL HAZARD MITIGATION PLAN.”
Motion carried 5-0 as follows: AYES: Allawos, Elias, Thompson, Davis, Fredendall; NOES: None; ABSENT: None; ABSTAIN: None.

NEW BUSINESS

10. Economic Action Plan – Consider the Adoption of a Restaurant Incentive Program Discussion included the proposed restaurant incentive program, restaurant scenarios, use of taxpayer funds to support economic development and business attraction, proposed funding amount, loan forgiveness timelines, tiered versus performance-based structures, accountability measures such as performance benchmarks, reporting requirements, repayment triggers in the event of early closure, underwriting standards, and safeguards to protect public funds; impacts on existing Glendora restaurants and businesses, broader economic factors including the balance between residential growth and commercial activity, the importance of both daytime and evening customer traffic, regional competition for restaurant operators, and whether landlord participation could strengthen the program; and interest in continuing the item to allow staff to return with additional details regarding program structure, financial protections, stakeholder input, and clear evaluation criteria including a matrix identifying measures of success, and loan terms.

A motion was made by Councilmember Thompson, seconded by Councilmember Allawos, that the City Council continue the item to a future meeting and direct staff to return by the end of March with a staff report providing additional information regarding program structure, financial protections and safeguards, scenarios, stakeholder input, clear evaluation criteria including a matrix identifying measures of success, and loan terms.

Motion carried 5 - 0 as follows: AYES: Allawos, Elias, Thompson, Davis, Fredendall; NOES: None; ABSENT: None; ABSTAIN: None.

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

ADJOURNMENT
Meeting was adjourned at 9:07 PM in memory of Sylvia Slakey.

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

City of Glendora Minutes
Regular Meeting
February 10, 2026
City Hall Council Chamber
116 E. Foothill Boulevard
Virtually via Zoom ID# 9329247224
The City Council also serves as members of the Board of Directors of the Successor Agency of the former Community Redevelopment Agency, and Housing Authority which are concurrently convening this evening.

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

ROLL CALL
Members Present: Michael Allawos, Shaunna Elias, Mayor Pro Tem/Vice-Chair Karen Davis, Mayor/Chair David Fredendall
Members Absent: Mendell L. Thompson
Staff Present: City Manager/Executive Director Adam Raymond, City/Agency Attorney Danny Aleshire, Assistant City Manager Moises Lopez, Deputy City Manager Marie Ricci, Chief of Police Mike Randazzo, Finance Director/City Treasurer Kyle Johnson, Assistant Public Works Director Valerie Velasquez-Santoya, Assistant Public Works Director Paul Zampiello, Interim Library Director Cindy Romero, Interim Recreation and Human Services Director Annie Warner, Information Technology Director Sam Robbin (via Zoom), City Clerk/Communications Director Kathleen Sessman, Digital Media Specialist Craig Gill, Senior Digital Media Specialist Greg Morton, and Deputy City Clerk/Records Manager Roxanne Breceda

CLOSED SESSION
Closed Session titles were read into the record. No members of the public addressed the Council, and no written correspondence was received. The meeting convened into Closed Session at 6:03 PM.

1. CLOSED SESSION
CS. 1 CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION A closed session will be held, pursuant to Government Code §54956.9(d)(1), to confer with legal counsel regarding pending litigation to which the City is a party.

The title of such litigation matters are as follows: Dana Sukarieh vs. City of Glendora, Los Angeles Superior Court Case Number 24PSCV03167; Diane Bularz v. City of Glendora, Los Angeles Superior Court Case Number 24PSCV02188; Clara Ann Hernandez vs. City of Glendora, Los Angeles Superior Court Case Number 24PSCV03956; Brandon Perucho vs. City of Glendora, Los Angeles Superior Court Case Number 24PSCV02539; Cameron Crenshaw vs.

City of Glendora, Los Angeles Superior Court Case Number 25PSCV03695; and Karla Hernandez vs. City of Glendora, Los Angeles Superior Court Case Number 26PSCV00377
Closed Session adjourned at 6:47 PM and the meeting reconvened into Open Session at 7:00 PM with Councilmember Allawos, Councilmember Elias, Mayor Pro Tem Davis and Mayor Fredendall present and Councilmember Thompson absent.

City of Glendora Minutes February 10, 2026 Page 2 of 4
Regular Meeting City Council, Successor Agency and Housing Authority City Attorney Aleshire reported the following actions taken in Closed Session:

CS1. The City Council tentatively authorized settlement of the matter of Dana Sukarieh v. City of Glendora, Los Angeles Superior Court Case No. 24PSCV03167, in the amount of $150,000, subject to review and execution of a final settlement agreement.

CS2-CS6. The City Council discussed; however, no other reportable action was taken.

INVOCATION AND PLEDGE OF ALLEGIANCE
The Invocation was given by President Rajan Zed from Universal Society of Hinduism.

The Pledge of Allegiance was led by Gianna Royes.

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

PUBLIC COMMENT

2. Public Comments received
Members of the public address the Council: Jack Arton and Jonathan Hughes.

MEMBER STATEMENT/REPORTS
Mayor/Chair Fredendall reported that the Los Angeles County Board of Supervisors voted 4–1 to place a countywide ballot measure on the June 2026 ballot that would increase the County’s sales tax rate by 0.5% for a proposed five-year period to fund County healthcare and related services. In closing, he commented on the City’s opposition to the proposed measure and noted that a letter of opposition was submitted on behalf of the City in coordination with other cities and associations.

Councilmember/Commissioner Elias commented on the proposed countywide ballot measure and expressed hope that community members remain healthy, noting that influenza has been circulating.

Councilmember/Commissioner Allawos commented on the proposed countywide ballot measure.

Mayor Pro Tem/Vice-Chair Davis announced upcoming community events, including The Great Trivia Challenge and the Wine Walk, encouraged residents to review the City’s Activity Guide for additional programming and thanked the Chamber of Commerce for its continued support of community events, and ribbon cuttings, and efforts to welcome new businesses.

CITY MANAGER AND CITY ATTORNEY STATEMENTS
City Manager/Executive Director Raymond clarified that the proposed countywide sales tax measure is anticipated to be structured as a general tax, which would require a simple majority vote of 50%+1, contingent upon state legislation authorizing the County to exceed the current statutory sales tax cap. In closing, he explained that the City’s position letters, and related correspondence are available on the City’s website and may be accessed by searching relevant keywords (such as Legislative Advocacy Correspondence).

City of Glendora Minutes February 10, 2026 Page 3 of 4
Regular Meeting City Council, Successor Agency and Housing Authority

CONSENT CALENDAR
A motion was made by Councilmember/Commissioner Allawos, seconded by Mayor Pro Tem/Vice-Chair Davis to approve Consent Calendar Item #3 as presented, affirming the action appropriate to the item.

Motion carried 4-0 as follows: AYES: Allawos, Elias, Davis, Fredendall; NOES: None; ABSTAIN: None; RECUSE: None; ABSENT: Thompson.

3. Review and Affirm Disbursements for January 2026 in the amount of $4,290,954.08 The City Council and Successor Agency reviewed and affirmed disbursements for January 2026 in the amount of $4,290,954.08.

NEW BUSINESS

4. Consideration of a Contract Services Agreement with Civiltec Engineering Inc., for the Water Facility Assessment and Improvements Project in an amount not to exceed $352,840
Following discussion, a motion was made by Mayor Pro Tem Davis, seconded by Councilmember Elias, that the City Council approve the following actions:1. Award an Agreement to Civiltec Engineering Inc., for Professional Engineering Design Services for the Water Storage Facilities Assessment, Safety Upgrades, Rehabilitation, and Water Quality Improvements Project in amount of $352,840; 2. Authorize a ten percent (10%) contingency in an amount $35,284; and 3. Authorize the City Manager or his designee to execute the Agreement including minimal and/or non-substantive changes.

Motion carried 4-0 as follows: AYES: Allawos, Elias, Davis, Fredendall; NOES: None; ABSTAIN: None; RECUSE: None; ABSENT: Thompson.

5. Award a Public Works Agreement to Paveco Constructions, Inc., for the On-Call Asphalt Repair and Maintenance Services in an amount not to exceed $850,000 per fiscal year (RFP No. 9905735)
Following discussion, a motion was made by Councilmember Allawos, seconded by Mayor Pro Tem Davis, that the City Council approve the following actions: 1. Adopt a Categorical Exemption pursuant to Section 15301(c) of the California Code of Regulations; 2. Award a Public Works Agreement to Paveco Construction Inc., for as-needed asphalt maintenance and repair services in an amount not to exceed $850,000 per fiscal year; 3. Authorize a ten percent (10%) contingency in the amount of $85,000; and 4. Authorize the City Manager, or his designee to execute the agreement including making minimal and/or non-substantive changes.

Motion carried 4-0 as follows: AYES: Allawos, Elias, Davis, Fredendall; NOES: None; ABSTAIN: None; RECUSE: None; ABSENT: Thompson.

MEMBER/STAFF CLOSING COMMENTS
City Manager/Executive Director Raymond clarified that the proposed Los Angeles County Board of Supervisors sales tax measure, intended for placement on the June countywide ballot, is currently structured as a general tax unless amended by the Board of Supervisors.

City of Glendora Minutes February 10, 2026 Page 4 of 4
Regular Meeting City Council, Successor Agency and Housing Authority

ADJOURNMENT
Meeting was adjourned at 7:37 PM.

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

STAFF REPORT
TO: Mayor and Council Members DATE: February 24, 2026
FROM: City Clerk DISTRICT(S): Not Applicable
SUBJECT: Authorize the Purchase of Five Workstations, a Multipurpose Room and Related Furniture

RECOMMENDATION
That the City Council:

1. Authorize the Purchase of Five Workstations, Multipurpose Room and related Furniture from Government & Business Interiors, LLC in an amount not to exceed $55,000.

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

EXECUTIVE SUMMARY
This item seeks City Council authorization to purchase furniture, fixtures, and equipment necessary to complete the reconfiguration and modernization of the City Clerk’s Office within City Hall. The updated layout is designed to improve operational efficiency, create five new workstations, establish a functional multipurpose room adjacent to the Council Chamber for city meetings, and maintain a dedicated press room space to support mail processing and related administrative functions.

The proposed purchase will be made through Government & Business Interiors, LLC, an authorized reseller under the California Department of General Services’ California Multiple Award Schedule (CMAS) program. Pursuant to Glendora Municipal Code § 2.40.100(c)(60), the City may utilize competitively bid state pricing agreements for noncompetitive procurement. The selected vendors—Kimball International Brands, Inc., 9 to 5 Seating, and ESI Ergonomic Solutions—are all covered under active CMAS agreements, ensuring that pricing has been predetermined as fair, reasonable, and competitive.

Staff recommends approval of the purchase to facilitate the timely furnishing of the City Clerk’s Office configuration, enhance functionality, and ensure compliance with procurement requirements while achieving cost efficiencies through CMAS pricing.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Public Contract Code (PCC) § 10298 and 10299 authorizes local government agencies and school districts to use CMAS and other Department of General Services (DGS) agreements without competitive bidding.

Per Glendora Municipal Code § 2.40.100(c)(6), competitive procurement through the informal and formal procurement processes shall not be required when cooperative purchasing is available and undertaken or when goods can be obtained through federal, state, and/or other public entity contracts or price agreements.

DISCUSSION
The proposed furniture, fixtures, and equipment purchase supports the reconfiguration and modernization of the City Clerk’s Office within City Hall. The updated layout is designed to improve operational workflow, maximize available space, and enhance the functionality of adjacent public meeting areas.

The project includes the installation of four new workstations in the main office area, furnishing of a newly configured private office, establishment of a Press Room and a dedicated multipurpose room near the Council Chamber. The proximity of the multipurpose room to the Chambers will provide a functional meeting space for small group discussions, staff briefings, and public-facing meetings. The Press Room will continue to support essential administrative operations, including mail processing and related equipment needs.

In accordance with Glendora Municipal Code § 2.40.100(c)(60), the City may utilize non-competitive procurement when purchasing through federal, state, or other public entity pricing agreements. The California Department of General Services administers the California Multiple Award Schedule (CMAS), which provides pre-competed contracts with pricing determined to be fair, reasonable, and competitive.

Government & Business Interiors, LLC is an authorized reseller under the applicable CMAS agreements for Kimball International Brands, Inc. (CMAS No. 4-16-71-0031G), 9 to 5 Seating (CMAS No. 4-15-71-0144A), and ESI Ergonomic Solutions (CMAS No. 4-18-71-0118B). The proposed pricing is derived directly from these CMAS contracts, ensuring compliance with municipal procurement requirements while achieving cost efficiency and administrative streamlining.

Approval of this purchase will allow the City to furnish the new City Clerk’s Office configuration in a timely manner and ensure the space is fully operational to support ongoing legislative, administrative, and public engagement functions.

FISCAL IMPACT
Sufficient appropriations are available in FY 2025-27 Adopted Two-Year Budget the Capital Project Fund (Fund 301), project number 5622102.

Estimated Cost Breakdown
Description  Amount
Government & Business Interiors, LLC -
Quote 7890872 $52,583.33
Contingency  $2,416.67
Total Not to Exceed Amount $55,000.00

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

Prepared By: Lorena Cordova, City Clerk Specialist
Concurs With: Not Applicable
Reviewed By: Kathleen Sessman, City Clerk/Communications 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. Quote 7890872, City of Glendora, City Clerk's Office, CMAS.pdf B. Bill of Materials.pdf
C. Design.pdf
QUOTE # 7890872
Quote Date: 11-Feb-26
Bill To: City of Glendora, City Clerk Ship To: City of Glendora, City Clerk 116 E. Foothill Blvd 116 E. Foothill Blvd
Glendora, CA 91741 Glendora, CA 91741
ATTN: Kathleen Sessman ATTN: Kathleen Sessman
Purchase
Order #: TBD
Date
Requested: 6 Weeks ARO
Qty U/I Unit Price Extended Price
Sub-Total $48,404.92
Estimated Tax 10.75% $4,178.41
Quote Total USD $52,583.33
$8,861.00
1 Ea Design Services
Design Services for 4 Wk Stations, 1 Exec Office, 1 Conf Rm and 1 Storeroom Area
$675.00 $675.00
1 Lot
Install Svcs for 4 Wk
Stations, 3 Offices per
Approved Design
Delivery and Installation Services for 4 Wk Stations w/ Ht Adj Desks, 1 Exec Office, 1 Conference / Training Rm, and 1 Storeroom per Approved Design. Install of all Product in BOM A.

Includes Will Call/Inspection of Product at Mftr's Warehouse, Delivery to Site, Assembly and Installation, Clean of Installation Area and Removal of All Packaging Materials. Quote is for Regular Business Hours, Monday - Friday, 0700 to 1630.
$8,861.00
Item Description
BOM A, AIS, Kimball /
National, ESI Ergo
Products, and 9to5
Seating CMAS Contract
Bill of Material A, AIS Divi Systems, Kimball / National Waveworks Casegoods, ESI Ergo Products, and 9to5 Seating CMAS Contract products per Approved Design. See Attached BOM A for Detailed Product Specifications and Quantities.

Email: [email protected]
Phone: (909) 556-2115
Kathleen Sessman
(626) 914-8210
Customer Instructions
Customer
POC:

This will be Direct Bill to Government Business Interiors, LLC, for AIS, Kimball, Fellowes / ESI Ergo, Great Openings and 9to5 Seating Products on CMAS (CA State) Contract Pricing. Government Business Interiors is a Service Disabled Veteran Owned Small Business, Locally Owned in Redlands, CA.
1 Lot $38,868.92 $38,868.92
Q7890872 City of Glendora, City Clerk Office, CMAS Contract BOM A, REV 2/11/26 Wed Feb 11 18:44:29 2026
Item Preview Mfg Cat Tag Alias 1 Part Number Part Description Qty PZ PZ Description List Sell Ext List Ext Sell Sell - % 1 925 925 Admin, 4
Stations
1560-Y2-A37 Strata - Mid-Back, Synchro-Tilt
Control, A37 Height & Width Adj. Arm with Pivot & Swivel Pad 2 1 Price Effective:
01/01/2026
$ 1,179.00 $ 404.40 $ 2,358.00 $ 808.80 65.700
GRADE-A Fabric Grade APAULY 9to5 - Nautilus - PaulyBLACK BlackBF Black FrameBA2B BA2B 26" Aluminum Base - Black ...C4 C4 Heavy Duty CastersSS Seat Slider 2.5" Side Paddle Activa...~ None Selected~ No Cal TB 133 (standard upholstery) 2 ESI ESI Admin, 4
Stations
EDGE2 Edge Series Dual Monitor Arm w/
desk clamp & grommet mount (weight capacity 6.5 - 17.6 lbs per ...arm) 4 1 Commercial June
2025
$ 916.00 $ 366.40 $ 3,664.00 $ 1,465.60 60.000
SLV Silver
3 ESI ESI Admin, 4
Stations
FCH4CX Desktop Power Module Including 14"
6-Outlet Power Adapter, (2) AC Power And (1) USB-A Outlet, (1) ...USB-C Outlet. Mounts On Top Or ... 4 1 Commercial June
2025
$ 488.00 $ 195.20 $ 1,952.00 $ 780.80 60.000
BLK Black
4 AIS DIV Admin, 4
Stations
E-UN8W4BIFL LH Receptacle Mounted Base Infeed
- 72L - 8 Wire, 4 Circuit
1 1 May 2025 $ 613.00 $ 117.94 $ 613.00 $ 117.94 80.760 5 AIS DIV Admin, 4
Stations
E-MX8W4PTPC18
18 in. Electrical Jumper (Panel To Panel)
6 1 May 2025 $ 246.00 $ 47.33 $ 1,476.00 $ 283.98 80.760 6 AIS DIV Admin, 4
Stations
E-MX8W4PTPC21
21 in. Electrical Jumper (Extended Panel To Panel)
5 1 May 2025 $ 258.00 $ 49.64 $ 1,290.00 $ 248.20 80.760 7 AIS DIV Admin, 4
Stations
E-MW8W4DO1-W
Duplex Outlet - Line 1 - White 6 1 May 2025 $ 91.00 $ 17.51 $ 546.00 $ 105.06 80.760 8 AIS DIV Admin, 4
Stations
E-MW8W4DO1-W
Duplex Outlet - Line 1 - White 6 1 May 2025 $ 91.00 $ 17.51 $ 546.00 $ 105.06 80.760 9 AIS UNV Admin, 4
Stations
T-RB306029HLG2
D2D HAT Base Only - Rect - 30Dx60Wx29H - 3 Stage
4 1 May 2025 $ 2,880.00 $ 554.11 $ 11,520.00 $ 2,216.44 80.760 RT-3S2L30-S Silver
10 AIS DIV Admin, 4
Stations
P-DLSEOR Divi Linear Base - End of Run Shroud 6 1 May 2025 $ 31.00 $ 5.96 $ 186.00 $ 35.76 80.760RO-P0001 Grey Value 1 Q7890872 City of Glendora, City Clerk Office, CMAS Contract BOM A, REV 2/11/26 Wed Feb 11 18:44:29 2026
Item Preview Mfg Cat Tag Alias 1 Part Number Part Description Qty PZ PZ Description List Sell Ext List Ext Sell Sell - % 11 AIS UNV Admin, 4
Stations
S-PEDBBFMJ24V2
Pedestal Box/Box/File Mobile L-Series 24"D,
4 1 May 2025 $ 1,555.00 $ 299.18 $ 6,220.00 $ 1,196.72 80.760 PAINTHA-15 Grade A PaintRO-P0093 Metallic SilverLOOP PULL LOOP PULL, SILVER 12 AIS DIV Admin, 4
Stations
WPS-UNCT24L Regular Cantilever - Left Hand - 24D 4 1 May 2025 $ 120.00 $ 23.09 $ 480.00 $ 92.36 80.760PAINT10 Support Single PaintPAINTMA-15 Grade A PaintRO-P0005 Warm Brown 1 13 AIS DIV Admin, 4
Stations
WPS-UNCT24R Regular Cantilever - Right Hand -
24D
4 1 May 2025 $ 120.00 $ 23.09 $ 480.00 $ 92.36 80.760
PAINT10 Support Single PaintPAINTMA-15 Grade A PaintRO-P0093 Metallic Silver 14 AIS DIV Admin, 4
Stations
P-DLPF450 Divi Linear Post Filler - 4 Way - 50H 1 1 May 2025 $ 201.00 $ 38.67 $ 201.00 $ 38.67 80.760NODVMD No Divi Metal DividerPAINTDA-15 Grade A PaintRO-P0093 Metallic Silver 15 AIS UNV Admin, 4
Stations
WFS-FLSPMEF18
FLSP A - Male 1 End Flush - 18D 2 1 May 2025 $ 575.00 $ 110.63 $ 1,150.00 $ 221.26 80.760 CASE_2_A Grade A LaminatesRO-L0308 Corporate WalnutRO-E077-V2 Corporate Walnut 16 AIS UNV Admin, 4
Stations
WFS-FLSPMEF36
FLSP A - Male 1 End Flush - 36D 1 1 May 2025 $ 808.00 $ 155.46 $ 808.00 $ 155.46 80.760 CASE_2_A Grade A LaminatesRO-L0308 Corporate WalnutRO-E077-V2 Corporate Walnut 17 AIS DIV Admin, 4
Stations
Y-4P2B1U1230B2
Channel Scrn,Panel Top,GL375,Dim B,SMnt,Uni,12hx30w
2 1 May 2025 $ 836.00 $ 160.85 $ 1,672.00 $ 321.70 80.760 GL375-C 3/8" Clear Tempered GlassPAINTCG-A Grade A PaintRO-P0093 Metallic Silver Q7890872 City of Glendora, City Clerk Office, CMAS Contract BOM A, REV 2/11/26 Wed Feb 11 18:44:29 2026
Item Preview Mfg Cat Tag Alias 1 Part Number Part Description Qty PZ PZ Description List Sell Ext List Ext Sell Sell - % 18 AIS DIV Admin, 4
Stations
Y-4P2B1U1266B2
Channel Scrn,Panel Top,GL375,Dim B,SMnt,Uni,12hx66w
1 1 May 2025 $ 1,284.00 $ 247.04 $ 1,284.00 $ 247.04 80.760 GL375-C 3/8" Clear Tempered GlassPAINTCG-A Grade A PaintRO-P0093 Metallic Silver 19 AIS DIV Admin, 4
Stations
Y-4P2B1U1260B2
Channel Scrn,Panel Top,GL375,Dim B,SMnt,Uni,12hx60w
5 1 May 2025 $ 1,210.00 $ 232.80 $ 6,050.00 $ 1,164.00 80.760 GL375-C 3/8" Clear Tempered GlassPAINTCG-A Grade A PaintRO-P0093 Metallic Silver 20 AIS DIV Admin, 4
Stations
P-DLPF350 Divi Linear Post Filler - 3 Way - 50H 2 1 May 2025 $ 385.00 $ 74.07 $ 770.00 $ 148.14 80.760NODVMD No Divi Metal DividerRO-P0001 Grey Value 1PAINTDA-15 Grade A PaintRO-P0093 Metallic Silver 21 AIS DIV Admin, 4
Stations
P-DLPF250 Divi Linear Post Filler - 2 -Way 50H 4 1 May 2025 $ 405.00 $ 77.92 $ 1,620.00 $ 311.68 80.760NODVMD No Divi Metal DividerRO-P0001 Grey Value 1PAINTDA-15 Grade A PaintRO-P0093 Metallic Silver 22 AIS UNV Admin, 4
Stations
W-WS2436 Rectangular - 2mm Edge - 24D x
36W
2 1 May 2025 $ 534.00 $ 102.74 $ 1,068.00 $ 205.48 80.760 RO-E077-V2 Corporate WalnutRW-GRRA A - No Grommets~ (STD)LAMTABA Grade A LaminateRO-L0308 Corporate Walnut 23 AIS UNV Admin, 4
Stations
W-WS2430 Rectangular - 2mm Edge - 24D x
30W
2 1 May 2025 $ 491.00 $ 94.47 $ 982.00 $ 188.94 80.760
RO-E077-V2 Corporate WalnutRW-GRRA A - No Grommets~ (STD)LAMTABA Grade A LaminateRO-L0308 Corporate Walnut Q7890872 City of Glendora, City Clerk Office, CMAS Contract BOM A, REV 2/11/26 Wed Feb 11 18:44:29 2026
Item Preview Mfg Cat Tag Alias 1 Part Number Part Description Qty PZ PZ Description List Sell Ext List Ext Sell Sell - % 24 AIS UNV Admin, 4
Stations
W-WS1836 2mm Edge Rect Surface 18D X 36W 1 1 May 2025 $ 528.00 $ 101.59 $ 528.00 $ 101.59 80.760RO-E077-V2 Corporate WalnutRW-GRRA A - No Grommets~ (STD)LAMTABA Grade A LaminateRO-L0308 Corporate Walnut 25 AIS UNV Admin, 4
Stations
W-WS2958 Rectangular Worksurface - 2mm
Edge - 29D x 58W
4 1 May 2025 $ 973.00 $ 187.21 $ 3,892.00 $ 748.84 80.760 RO-E077-V2 Corporate WalnutRW-GRRB B - Location 1GROMMETC Grommet Color OptionW-GRC3GV1 Grommet Cover - GreyLAMTABA Grade A LaminateRO-L0308 Corporate Walnut 26 AIS DIV Admin, 4
Stations
P-DLTPPM5030 Divi Linear Tack Panel - Perm/Mono -
PWR - 50H x 30W
7 1 May 2025 $ 1,478.00 $ 284.37 $ 10,346.00 $ 1,990.59 80.760 NODVMD No Divi Metal DividerBCGV1 Grey Value 1FAB3474-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonFAB3474-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonAVERTICAL (Fabric/Laminate applied vertically) ...PAINTDLPA Grade A PaintRO-P0093 Metallic Silver Q7890872 City of Glendora, City Clerk Office, CMAS Contract BOM A, REV 2/11/26 Wed Feb 11 18:44:30 2026
Item Preview Mfg Cat Tag Alias 1 Part Number Part Description Qty PZ PZ Description List Sell Ext List Ext Sell Sell - % 27 AIS DIV Admin, 4
Stations
P-DLTPPM5036 Divi Linear Tack Panel - Perm/Mono -
PWR - 50H x 36W
3 1 May 2025 $ 1,554.00 $ 298.99 $ 4,662.00 $ 896.97 80.760 NODVMD No Divi Metal DividerBCGV1 Grey Value 1FAB68146-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonFAB68146-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonAVERTICAL (Fabric/Laminate applied vertically) ...PAINTDLPA Grade A PaintRO-P0093 Metallic Silver 28 AIS DIV Admin, 4
Stations
P-DLTRPM5030 Divi Linear Tack Panel - Perm/Mono -
NPWR - 50H x 30W
2 1 May 2025 $ 1,005.00 $ 193.36 $ 2,010.00 $ 386.72 80.760 NODVMD No Divi Metal DividerBCGV1 Grey Value 1FAB3474-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonFAB3474-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonAVERTICAL (Fabric/Laminate applied vertically) ...PAINTDLPA Grade A PaintRO-P0093 Metallic Silver Q7890872 City of Glendora, City Clerk Office, CMAS Contract BOM A, REV 2/11/26 Wed Feb 11 18:44:30 2026
Item Preview Mfg Cat Tag Alias 1 Part Number Part Description Qty PZ PZ Description List Sell Ext List Ext Sell Sell - % 29 AIS DIV Admin, 4
Stations
P-DLFRPM3230 Divi Linear Hard Surf - Non-Struc
Panel - NPWR - 32H x 30W
2 1 May 2025 $ 723.00 $ 139.11 $ 1,446.00 $ 278.22 80.760 NODVMD No Divi Metal DividerBCGV1 Grey Value 1FAB2860-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonFAB2860-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonAVERTICAL (Fabric/Laminate applied vertically) ...PAINTDLPA Grade A PaintRO-P0093 Metallic Silver 30 AIS DIV Admin, 4
Stations
P-DLTPPM5024 Divi Linear Tack Panel - Perm/Mono -
PWR - 50H x 24W
2 1 May 2025 $ 1,416.00 $ 272.44 $ 2,832.00 $ 544.88 80.760 NODVMD No Divi Metal DividerBCGV1 Grey Value 1FAB3474-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonFAB3474-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonAVERTICAL (Fabric/Laminate applied vertically) ...PAINTDLPA Grade A PaintRO-P0093 Metallic Silver Q7890872 City of Glendora, City Clerk Office, CMAS Contract BOM A, REV 2/11/26 Wed Feb 11 18:44:30 2026
Item Preview Mfg Cat Tag Alias 1 Part Number Part Description Qty PZ PZ Description List Sell Ext List Ext Sell Sell - % 31 AIS DIV Admin, 4
Stations
P-DLFRPM4224 Divi Linear Panel - Hard Surf
Perm/Mono - NPWR - 42H x 24W
2 1 May 2025 $ 751.00 $ 144.49 $ 1,502.00 $ 288.98 80.760 NODVMD No Divi Metal DividerBCGV1 Grey Value 1FAB2860-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonFAB2860-A Grade A Vertical FabricsFAB-AD Grade A Directional Vertical FabricsGTHEORY Guilford Theory Vertical FabricsRO-F2227 Theory CottonAVERTICAL (Fabric/Laminate applied vertically) ...PAINTDLPA Grade A PaintRO-P0093 Metallic Silver sub Admin Area, 4 Work Stations & S... $ 74,154.00 $ 15,788.24 78.70932 925 925 Conf Rm 1410-A00-C12SMB Link - Four Leg Guest Chair w/Casters, Armless, Mesh Back with Upholstered Seat
10 1 Price Effective:
01/01/2026
$ 712.00 $ 244.22 $ 7,120.00 $ 2,442.20 65.700
GRADE-A Fabric Grade APAULY 9to5 - Nautilus - PaulyBLACK BlackBF Black~ No Cal TB 133 (standard upholstery)GRADE-M1 Mesh Grade M1M11 M11 Black 33 RIC RIC Conf Rm 201314H090 ACCESSORIES, RICHELIEU
POWER STATION PIVOTING ...POWER / USB / HDMI GROMMET... 2 1 EFFECTIVE
8/2/2025
$ 1,297.00 $ 648.50 $ 2,594.00 $ 1,297.00 50.000
34 KIM NLT Conf Rm WW2460RTFM
L
WAVEWORKS,24DX60W,TRAINING TABLE,FLIP/NEST,HPL
2 1 EFFECTIVE
8/2/2025
$ 2,245.00 $ 898.00 $ 4,490.00 $ 1,796.00 60.000
VPT SOFTENED,PORTICOX NO GROMMETSTD STANDARD LAMINATEPT PORTICO501 PLATINUM METALLIC 35 KIM NLT Conf Rm NCG022420414
90 WAVEWORKS,24DX60W,TRAINING TABLE,FLIP/NEST,HPL W/ SPECIAL SIZED CUT-OUT, QT # ...QL-225490 2 1 EFFECTIVE
8/2/2025
$ 2,316.00 $ 926.40 $ 4,632.00 $ 1,852.80 60.000
VPT SOFTENED,PORTICOX NO GROMMETSTD STANDARD LAMINATEPT PORTICO501 PLATINUM METALLIC Q7890872 City of Glendora, City Clerk Office, CMAS Contract BOM A, REV 2/11/26 Wed Feb 11 18:44:30 2026
Item Preview Mfg Cat Tag Alias 1 Part Number Part Description Qty PZ PZ Description List Sell Ext List Ext Sell Sell - % sub Conference / Multi-Purpose Rm S... $ 18,836.00 $ 7,388.00 60.77736 925 925 Kathleen's Office
1560-Y2-A37-AM
Strata All Mesh - Mid-Back, Synchro-Tilt Control, A37 Height & Width Adj. Arm with Pivot & Swivel ...Pad 1 1 Price Effective:
01/01/2026
$ 1,179.00 $ 404.40 $ 1,179.00 $ 404.40 65.700
BF Black FrameBA2B BA2B 26" Aluminum Base - Black ...C4 C4 Heavy Duty CastersSS Seat Slider 2.5" Side Paddle Activa... 37 925 925 Kathleen's
Office
1410-A00-C12SMB Link - Four Leg Guest Chair w/Casters, Armless, Mesh Back with Upholstered Seat
4 1 Price Effective:
01/01/2026
$ 712.00 $ 244.22 $ 2,848.00 $ 976.88 65.700
GRADE-A Fabric Grade APAULY 9to5 - Nautilus - PaulyBLACK BlackBF Black~ No Cal TB 133 (standard upholstery)GRADE-M1 Mesh Grade M1M11 M11 Black 38 ESI ESI Kathleen's
Office
EDGE2 Edge Series Dual Monitor Arm w/
desk clamp & grommet mount (weight capacity 6.5 - 17.6 lbs per ...arm) 1 1 Commercial June
2025
$ 916.00 $ 366.40 $ 916.00 $ 366.40 60.000
SLV Silver
39 ESI ESI Kathleen's
Office
FCH4CX Desktop Power Module Including 14"
6-Outlet Power Adapter, (2) AC Power And (1) USB-A Outlet, (1) ...USB-C Outlet. Mounts On Top Or ... 1 1 Commercial June
2025
$ 488.00 $ 195.20 $ 488.00 $ 195.20 60.000
BLK Black
40 KIM NLT Kathleen's
Office
CBV2728DRNBP
CONFERENCE,27WX28H,ROUND DISC BASE,WORKSURFACE HEIGHT
1 1 EFFECTIVE
8/2/2025
$ 1,251.00 $ 500.40 $ 1,251.00 $ 500.40 60.000
501 PLATINUM METALLIC501 PLATINUM METALLIC
41 KIM NL3 Kathleen's
Office
WW36WSRNL WAVEWORKS,36DIA,SURFACE,RO

UND,HPL
1 1 EFFECTIVE
8/2/2025
$ 439.00 $ 175.60 $ 439.00 $ 175.60 60.000

VPB SOFTENED,PORTOBELLOX NO GROMMETSTD STANDARD LAMINATEPB PORTOBELLO 42 KIM NL3 Kathleen's
Office
WW2315PMBBF2L
WAVEWORKS,23DX15W,PEDESTAL,MOBILE,BOX/BOX/FILE,LAM
1 1 EFFECTIVE
8/2/2025
$ 1,505.00 $ 602.00 $ 1,505.00 $ 602.00 60.000
71PL SPIRAL,PLATINUM METALLICKRB RANDOM CORE,INSTALLED,BLA...PB PORTOBELLOPB PORTOBELLO Q7890872 City of Glendora, City Clerk Office, CMAS Contract BOM A, REV 2/11/26 Wed Feb 11 18:44:30 2026
Item Preview Mfg Cat Tag Alias 1 Part Number Part Description Qty PZ PZ Description List Sell Ext List Ext Sell Sell - % 43 KIM NL3 Kathleen's
Office
WWN3072DSFBA1L
WAVEWORKS,30DX72W,DESK,ADJ HGT,V2,FULL MOD,BREAKFRONT,HPL 1 1 EFFECTIVE
8/2/2025
$ 6,811.00 $ 2,724.40 $ 6,811.00 $ 2,724.40 60.000
VPB SOFTENED,PORTOBELLOG11PLR GROMMET,PLATINUM,RIGHT501 PLATINUM METALLICSTD STANDARD LAMINATEPB PORTOBELLOPB PORTOBELLO sub Kathleen's Office Subtotal $ 15,437.00 $ 5,945.28 61.48744 KIM NLU Work Room
NAC0942SHM ACCESSORIES,9DX42W,SHELF,M
ETAL
2 1 EFFECTIVE
8/2/2025
$ 249.70 $ 99.88 $ 499.40 $ 199.76 60.000
501 PLATINUM METALLIC
45 KIM NLU Work
Room
NAC1217DPTM ACCESSORIES,12DX17W DOUBLE

SIDE TRAY,METAL
5 1 EFFECTIVE
8/2/2025
$ 220.00 $ 88.00 $ 1,100.00 $ 440.00 60.000
501 PLATINUM METALLIC
46 KIM NLU Work
Room
NAC0930SHM ACCESSORIES,9DX30W

SHELF,METAL
1 1 EFFECTIVE
8/2/2025
$ 200.20 $ 80.08 $ 200.20 $ 80.08 60.000
501 PLATINUM METALLIC
47 KIM NLU Work
Room
NAC1212SSM ACCESSORIES,12DX12W SLANT

SORTER,METAL
3 1 EFFECTIVE
8/2/2025
$ 160.60 $ 64.24 $ 481.80 $ 192.72 60.000
501 PLATINUM METALLIC
48 KIM NL3 Work
Room
11N3034SW EXHIBIT,30WX34H SLAT WALL 3 1 EFFECTIVE
8/2/2025
$ 1,771.00 $ 708.40 $ 5,313.00 $ 2,125.20 60.000
501 PLATINUM METALLIC
49 KIM NL3 Work
Room
11N4234SW EXHIBIT,42WX34H SLAT WALL 2 1 EFFECTIVE
8/2/2025
$ 2,027.00 $ 810.80 $ 4,054.00 $ 1,621.60 60.000
501 PLATINUM METALLIC
50 KIM NL3 Work
Room
WW3014SOETM
WAVEWORKS METAL,30WX14H,OVERHEAD STOR,OPEN,EXHIBIT MT
3 1 EFFECTIVE
8/2/2025
$ 963.60 $ 385.44 $ 2,890.80 $ 1,156.32 60.000
STDM STANDARD,METALLIC PAINT501 PLATINUM METALLIC
51 KIM NL3 Work
Room
WW4214SOETM
WAVEWORKS METAL,42WX14H,OVERHEAD STOR,OPEN,EXHIBIT MT
2 1 EFFECTIVE
8/2/2025
$ 1,015.30 $ 406.12 $ 2,030.60 $ 812.24 60.000
STDM STANDARD,METALLIC PAINT501 PLATINUM METALLIC
Q7890872 City of Glendora, City Clerk Office, CMAS Contract BOM A, REV 2/11/26 Wed Feb 11 18:44:31 2026
Item Preview Mfg Cat Tag Alias 1 Part Number Part Description Qty PZ PZ Description List Sell Ext List Ext Sell Sell - % 52 KIM NL3 Work
Room
WW3039LSCHM
WAVEWORKS METAL,30WX39H,STORAGE CABINET,HINGED DOORS,3 HIGH 2 1 EFFECTIVE
8/2/2025
$ 1,646.70 $ 658.68 $ 3,293.40 $ 1,317.36 60.000
KRS RANDOM CORE,INSTALLED,SILV...STDM STANDARD,METALLIC PAINT501 PLATINUM METALLIC 53 KIM NL3 Work
Room
WW3014SOF2TM
WAVEWORKS METAL,30WX14H,OVERHEAD STOR,FLIPPER DR,EXHIBIT MT 1 1 EFFECTIVE
8/2/2025
$ 1,181.40 $ 472.56 $ 1,181.40 $ 472.56 60.000
KRS RANDOM CORE,INSTALLED,SILV...STDM STANDARD,METALLIC PAINT501 PLATINUM METALLIC 54 KIM NL3 Work
Room
WW1830PFHM WAVEWORKS
METAL,18DX30WX27H,HINGED DOOR,UNDERSURFACE, 2 DOOR
1 1 EFFECTIVE
8/2/2025
$ 1,681.90 $ 672.76 $ 1,681.90 $ 672.76 60.000
5 INTEGRATEDKRS RANDOM CORE,INSTALLED,SILV...STDM STANDARD,METALLIC PAINT501 PLATINUM METALLIC 55 KIM NL3 Work
Room
WW3060WSSDL
WAVEWORKS,30DX60W,SURFACE,RECTANGULAR,HPL
1 1 EFFECTIVE
8/2/2025
$ 613.00 $ 245.20 $ 613.00 $ 245.20 60.000
F FILLERVPB SOFTENED,PORTOBELLOX NO GROMMETX NO WIRE MANAGER25.0000 25 (635 MM)X NO MODIFIED WIDTH (STANDARD)STD STANDARD LAMINATEPB PORTOBELLO 56 KIM NL3 Work
Room
11N144EXFP1 EXHIBIT,144W EXTRUSION

W/FACEPLATE
3 1 EFFECTIVE
8/2/2025
$ 343.00 $ 137.20 $ 1,029.00 $ 411.60 60.000
501 PLATINUM METALLIC
sub Work Room Subtotal $ 24,368.50 $ 9,747.40 60.000
Grand Total $ 132,795.50 $ 38,868.92 70.730
8' 1"
17' 5"
5' 2"
3'
5' 2"
18' 10"
17' 1"
3'
3' 2"

WAVEWORKS
36WSRNL
1410-A00-C12S-MB
1410-A00-C12S-MB
1410-A00-C12S-MB
1410-A00-C12S-MB1410-A00-C12S-MB 1410-A00-C12S-MB1410-A00-C12S-MB 1410-A00-C12S-MB
1410-A00-C12S-MB 1410-A00-C12S-MB 1410-A00-C12S-MB 1410-A00-C12S-MB 7'
2' 8"
Two door Storage Cabinet
Flat Screen

WAVEWORKS
3039LSCHM

WAVEWORKS
7' 3"
3039LSCHM

WAVEWORKS
2460WSSDL
WAVEWORKS Refrigerator WAVEWORKS 3014SOF2TM 3014SOETM 1830PFHM

EXHIBIT
3034SW

EXHIBIT
3034SW

EXHIBIT
3034SW

WAVEWORKS
3014SOETM

WAVEWORKS
3014SOETM

WAVEWORKS
4214SOETM

WAVEWORKS
4214SOETM

EXHIBIT
4234SW

EXHIBIT
4234SW
1560-Y2-A9B
1560-Y2-A9B
1560-Y2-A9B
1560-Y2-A9B
Existing Floor monument
Existing counter top
5' 10"
9' 11"
Floor mount here
7' 3"
9' 5"
5030-T 5030-T 5036-T
5030-T
3230-F
5030-T
5030-T 5030-T 5030-T 5030-T
5030-T
3230-F
50 PF
PF50 PF50
PF50 PF50
LH-CTL-24
WS-2958
WS-2436
HAB-30/60
WS-2436
5024-T 5024-T 5036-T 5036-T
LH-CTL-24 WS-2430
WS-2430
WS-2958
HAB-30/60
WS-2958
HAB-30/60
WS-2958
HAB-30/60
4224-F 4224-F
PF
50 RH-CTL-24
RH-CTL-24 PED-24 PED-24
PED-24 PED-24
LH-CTL-24
RH-CTL-24
RH-CTL-24
LH-CTL-24
LH BIF
L1
L1
L1 L1 L1L1
L1 L1 L1 L1 L1L1

WAVEWORKS
2460RTFML

WAVEWORKS
2460RTFML

WAVEWORKS
2460RTFML

WAVEWORKS
2460RTFML
1560-Y2-A9B-AM
1410-A00-C12S-MB 1410-A00-C12S-MB

WAVEWORKS
3072DSFBA1L
3' 8"
NOT ADA Compliant
Existing Copier Here
Conf Rm / Training Rm
Kathleen's Office
Work Rm
Admin
Check-In Area
3' 1"
2' 10"
EOR
EOR
EOREOR
EOR
EOR
8' 3"
PF
50 WS-1836
FLSP-A/18FLSP-A/18
FLSP-A/36
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STAFF REPORT
TO: Mayor and Council Members DATE: February 24, 2026
FROM: Finance DISTRICT(S): Citywide
SUBJECT: City of Glendora and Glendora Successor Agency Investment Report for January 2026

RECOMMENDATION
That the City Council and Successor Agency:

1. Receive and file the Monthly Investment Activity Report for January 2026.

STRATEGIC FOCUS AREAS
Not Applicable.

EXECUTIVE SUMMARY
The City’s total book value of cash and investments as of January 31, 2026, was $123,874,760, representing an increase of $3,993,916 (3.33%) compared to the prior month. This increase is primarily attributable to the receipt of property tax revenues totaling $5,139,547.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Pursuant to Section 19 of the City’s FY 2025-26 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
In accordance with the City’s FY 2025-26 Investment Policy, the attached investment reports provide detailed information on the City’s investment portfolio as of the end of the reporting period. The report includes a listing of individual securities by authorized investment category, average life and final maturity, coupon or earnings rate, par value, market value, and book value. The report also includes investments managed on behalf of the City by thirdparty investment managers.

During the month of January, the City completed nine investment purchases, consisting of Federal Agency Securities, US Treasury Notes and medium-term corporate notes, totaling $5,456,192. Additionally, one security matured totaling $2,000,000, resulting in no realized gains or losses for the month.

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

ENVIRONMENTAL DETERMINATION
Not Applicable
Prepared By: George Perez-Sosa, Accounting Technician
Concurs With: Not Applicable
Reviewed By: George Perez-Sosa, Accounting Technician
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_January_2026_Investment_Report.pdf

Financial Advisor

CHEN/GIORDANO/CRAWFORD
626-405-4753
UBS Client Review
As of January 31, 2026
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Important Information About This Report. . . . . . . . 33

Consolidated report prepared for City of Glendora
Asset Allocation Reviewas of January 31, 2026
Summary of Asset Allocation
Market
value ($)
% of
Portfolio
Cash 45,498,655.07 36.10
Cash 45,498,655.07 36.10 US 45,498,655.07 36.10
Fixed Income 80,544,592.10 63.90
US 80,544,592.10 63.90 US Fixed Income 14,904,820.37 11.83 Government 43,419,733.15 34.45 Corporate IG Credit 22,220,038.58 17.63 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00Total Portfolio $126,043,247.17 100%Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category Cash 36.10%US Fixed Income 63.90%
Total Value: $126,043,247.17
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: February 02, 2026 Page 2 of 39 Consolidated report prepared for City of Glendora
Sources of Portfolio Valueas of January 31, 2026
Market Value Net amount you invested (net of fees)
02/22 12/22 12/23 12/24 01/26
5075
100125150
$ Millions
MTD
12/31/2025 to
01/31/2026
QTD
12/31/2025 to
01/31/2026
ITD
02/23/2022 to
01/31/2026
YTD
12/31/2025 to
01/31/2026
Opening value 100,060,599.72 100,060,599.72 100,060,599.72 40,589,214.16Net deposits/withdrawals 3,837,919.88 3,837,919.88 3,837,919.88 53,011,008.67Div./interest income 172,433.05 172,433.05 172,433.05 7,947,650.89Change in accr. interest 76,520.29 76,520.29 76,520.29 426,715.64Change in value 1,917.76 1,917.76 1,917.76 2,174,801.33Closing value 104,149,390.70 104,149,390.70 104,149,390.70 104,149,390.70Net Time-weighted ROR 0.25 0.25 0.25 2.39Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.30 0.30 0.30 4.20BofA Corp/Gov 1-5Y 0.22 0.22 0.22 2.81BBG Agg Bond 0.11 0.11 0.11 1.05Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: February 02, 2026 Page 3 of 39 Consolidated report prepared for City of Glendora
Bond Summaryas of January 31, 2026Bond OverviewTotal quantity 80,626,000Total market value $80,050,608.95Total accrued interest $493,983.14Total market value plus accrued interest $80,544,592.10Total estimated annual bond interest $2,323,429.25Average yield to maturityAverage coupon 2.89%

3.88%2.90%3.83%
Average current yieldAverage yield to worstAverage modified duration 1.98Average effective maturity 2.24 Investment Type AllocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.

Certificates of deposit 14,904,820.37 0.00 14,904,820.37 18.51U.S. corporates 22,220,038.58 0.00 22,220,038.58 27.59U.S. federal agencies 31,824,294.28 0.00 31,824,294.28 39.51U.S. treasuries 11,595,438.87 0.00 11,595,438.87 14.40Total $80,544,592.10 $0.00 $80,544,592.10 100% Credit Quality of Bond HoldingsA Aaa/AAA/AAA 1 2,000,171.11 2.50B Aa/AA/AA 35 44,374,202.40 55.05C A/A/A 17 16,751,351.74 20.81D Baa/BBB/BBB 0 0.00 0.00E Non-investment grade 0 0.00 0.00F Certificate of deposit 61 14,904,820.37 18.53G Not rated 4 2,514,046.47 3.11Total 118 $80,544,592.10 100%Effective credit rating % of
port.

Value on
Issues 01/31/2026 ($)
Bond Maturity Schedule
Effective maturity schedule
2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2037 + Other 05 1015202530

31.4%

14.9%

10.7%

25.5%

15.5%

1.8% 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: February 02, 2026 Page 4 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026Summary of Portfolio Holdings Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
01/31/2026 ($)
Current
yield (%)
% of
portfolio
A Cash 45,498,655 45,498,655 0 0.00% 775,917 1.71% 36.10% Cash 45,498,655 45,498,655 0 0.00% 775,917 1.71% 36.10% US 45,498,655 45,498,655 0 0.00% 775,917 1.71% 36.10%
B Fixed Income 78,376,105* 80,544,592 666,965* 0.85%* 2,323,429 2.88% 63.90% US 78,376,105* 80,544,592 666,965* 0.85%* 2,323,429 2.88% 63.90% US Fixed Income 14,860,102 14,904,820 44,718 0.30% 509,064 3.42% 11.83% Government 41,586,700* 43,419,733 331,511* 0.80%* 1,193,280 2.75% 34.44% Corporate IG Credit 21,929,302 22,220,039 290,736 1.33% 621,085 2.80% 17.63% 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 $123,874,760* $126,043,247 $666,965* 0.54%* $3,099,346 2.46% 100% Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category B
A
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: February 02, 2026 Page 5 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (continued)
Details of Portfolio Holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $123,874,760* $126,043,247 $666,965* 0.54%* $3,099,346 2.46% 100% 100% % of
portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) / Cash Avg Price Market value ($)
Price on
01/31/2026
($)
% of
Cash
% of
portfolio
Cash
US
Outside ASSET(1) 1.00 17,026,869.33 17,026,869.33 0.00 0.00% NA NA 37.42% 13.51%[Outside Account @SXXXX279]

1.00 Outside ASSET(1) 1.00 4,866,987.14 4,866,987.14 0.00 0.00% NA NA 10.70% 3.86%[Outside Account @SXXXX283]

1.00 UBS INSURED SWEEP 2,215,312.74 1.00 2,215,312.74 2,215,312.74 0.00 0.00% 2,215.31 0.10% 1.76%PROGRAM

1.00 4.87%
21,551,565.9 1.00 773,701.22
8 UBS SELECT TREASURY 21,551,565.98 21,551,565.98 0.00 0.00% 3.59% 17.10%INSTITUTIONAL FUND

1.00 47.37%
USD CASH -162,080.12 1.00 1.00 -162,080.12 -162,080.12 0.00 0.00% NA NA -0.36% -0.13% Total US $45,498,655 $45,498,655 $0 0.00% $775,917 1.71% 100% 36.10% Total Cash $45,498,655 $45,498,655 $0 0.00% $775,917 1.71% 100% 36.10% Total Cash $45,498,655 $45,498,655 $0 0.00% $775,917 1.71% 100% 36.10%(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: February 02, 2026 Page 6 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
AFFINITY PLUS MN US RT 245,000.00 100.00 245,000.00 245,769.77 0.00 769.77 0.31% 12,372.50 5.03% 0.19%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE 100.16 0.31%
ALLY BK UT US RT 245,000.00 100.00 245,000.00 245,470.97 0.00 470.97 0.19% 8,697.50 3.54% 0.19%03.5500% MAT 06/30/26FIXED RATE CD

99.88 0.30%
AMER EXPRESS NATL UT US 245,000.00 98.05 240,222.50 245,865.99 0.00 5,643.49 2.35% 8,820.00 3.59% 0.20%RT 03.6000% MAT 09/25/29FIXED RATE CD

99.09 0.31%
AMER NATL BK OMA NE US 245,000.00 100.00 245,000.00 245,402.87 0.00 402.87 0.16% 10,412.50 4.24% 0.19%RT 04.2500% MAT 03/21/28FIXED RATE CD 100.05 0.30%
ARBOR FINL CREDIT MI US 245,000.00 100.00 245,000.00 246,410.13 0.00 1,410.13 0.58% 12,250.00 4.97% 0.20%RT 05.0000% MAT 04/03/28FIXED RATE CD 100.19 0.31%
BANK HAPOALIM BM N NY 245,000.00 100.00 245,000.00 244,760.24 0.00 -239.76 -0.10% 9,065.00 3.70% 0.19%US RT 03.7000% MAT07/30/27 FIXED RATE CD

99.89 0.30%
BANK OF AMERICA NA NC 245,000.00 100.00 245,000.00 244,583.50 0.00 -416.50 -0.17% 8,942.50 3.66% 0.19%US RT 03.6500% MAT07/30/27 FIXED RATE CD

99.82 0.30%
BANKUNITED NA FLOR FL US 245,000.00 100.00 245,000.00 244,014.33 0.00 -985.67 -0.40% 2,327.50 0.95% 0.19%RT 00.9500% MAT 03/31/26FIXED RATE CD

99.52 0.30%
BMO HARRIS BK NA IL US RT 245,000.00 100.00 245,000.00 244,283.22 0.00 -716.78 -0.29% 1,960.00 0.80% 0.19%00.8000% MAT 03/18/26FIXED RATE CD

99.61 0.30%
BMW BK OF NA NA UT US 245,000.00 99.89 244,735.91 246,250.67 0.00 1,514.76 0.62% 8,820.00 3.58% 0.20%RT 03.6000% MAT 10/17/28FIXED RATE CD

99.47 0.31%
BRIGHTSTAR CR UN FL US 245,000.00 100.00 245,000.00 245,714.26 0.00 714.26 0.29% 9,555.00 3.89% 0.19%RT 03.9000% MAT 08/20/27LICU SHARE CERTIFICATE 100.17 0.31%
CAPITAL ONE BK USA VA US 245,000.00 100.00 245,000.00 240,409.30 0.00 -4,590.70 -1.87% 2,817.50 1.17% 0.19%RT 01.1500% MAT 11/24/26FIXED RATE CD

97.91 0.30%
(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: February 02, 2026 Page 7 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (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 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 240,409.30 0.00 -4,590.70 -1.87% 2,817.50 1.17% 0.19%01.1500% MAT 11/24/26FIXED RATE CD

97.91 0.30%
CELTIC BK UT US RT 245,000.00 98.17 240,525.91 242,655.35 0.00 2,129.44 0.89% 8,942.50 3.69% 0.19%03.6500% MAT 04/29/30FIXED RATE CD

99.02 0.30%
CENTRAL BK AR US RT 245,000.00 100.00 245,000.00 245,333.40 0.00 333.40 0.14% 10,290.00 4.19% 0.19%04.2000% MAT 08/19/30FIXED RATE CD 100.00 0.30%
CFG COMMUNITY BANK 245,000.00 100.00 245,000.00 249,402.88 0.00 4,402.88 1.80% 9,310.00 3.73% 0.20%MD US RT 03.8000% MAT03/11/26 FIXED RATE CD 100.00 0.31%
CIBC BANK ILLINOIS IL US RT 245,000.00 100.00 245,000.00 249,711.65 0.00 4,711.65 1.92% 12,250.00 4.91% 0.20%05.0000% MAT 03/24/26FIXED RATE CD 100.16 0.31%
COMENITY BANK DE US RT 200,000.00 100.00 200,000.00 199,773.53 0.00 -226.47 -0.11% 7,700.00 3.85% 0.16%03.8500% MAT 09/15/27JUMBO CD - HELD AT UBS

99.59 0.25%
CONNEXUS CREDIT UN WI 245,000.00 100.00 245,000.00 246,557.83 0.00 1,557.83 0.64% 9,800.00 3.97% 0.20%US RT 04.0000% MAT09/03/27 LICU SHARECERTIFICATE 100.33 0.31%
CY-FAIR FED CREDIT TX US 245,000.00 100.00 245,000.00 246,310.38 0.00 1,310.38 0.53% 12,985.00 5.27% 0.20%RT 05.3000% MAT 07/14/28FIXED RATE CD 100.29 0.31%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 244,667.20 0.00 -332.80 -0.14% 7,840.00 3.20% 0.19%03.2000% MAT 05/24/27FIXED RATE CD

99.27 0.30%
DIVERSIFIED MEMBER MI US 245,000.00 100.00 245,000.00 245,124.41 0.00 124.41 0.05% 10,535.00 4.30% 0.19%RT 04.3000% MAT 04/28/28FIXED RATE CD 100.04 0.30%
DORT FINL CREDIT U MI US 245,000.00 100.00 245,000.00 245,166.87 0.00 166.87 0.07% 9,065.00 3.70% 0.19%RT 03.7000% MAT 10/10/28LICU SHARE CERTIFICATE

99.76 0.30%
(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: February 02, 2026 Page 8 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (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 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
EAGLEMARK SVGS BK NV 245,000.00 100.10 245,248.11 242,477.47 -855.01 -2,770.64 -1.13% 4,900.00 2.02% 0.19%US RT 02.0000% MAT03/02/27 FIXED RATE CD

98.14 0.30%
ESSENTIAL FED CRED LA US 245,000.00 100.00 245,000.00 248,530.52 0.00 3,530.52 1.44% 11,515.00 4.63% 0.20%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE 101.24 0.31%
FARMERS & MERCHANT WI 245,000.00 100.00 245,000.00 245,900.86 0.00 900.86 0.37% 9,432.50 3.84% 0.20%US RT 03.8500% MAT11/08/27 FIXED RATE CD 100.10 0.31%
FIRST FED SVGS BK IN US RT 245,000.00 100.00 245,000.00 245,637.34 0.00 637.34 0.26% 10,290.00 4.19% 0.19%04.2000% MAT 07/11/28FIXED RATE CD 100.03 0.30%
FIRST FEDERAL BANK FL US 245,000.00 99.95 244,877.50 246,038.90 0.00 1,161.40 0.47% 9,187.50 3.73% 0.20%RT 03.7500% MAT 10/17/30FIXED RATE CD

99.34 0.31%
FIRST GTY BK HAMMO LA 219,000.00 100.00 219,000.00 221,349.72 0.00 2,349.72 1.07% 9,526.50 4.30% 0.18%US RT 04.3500% MAT11/06/28 FIXED RATE CD 100.05 0.27%
GOLDMAN SACHS BANK NY 245,000.00 100.00 245,000.00 249,636.51 0.00 4,636.51 1.89% 9,800.00 3.93% 0.20%US RT 04.0000% MAT03/20/28 FIXED RATE CD 100.41 0.31%
GREENSTATE CREDIT IA US 245,000.00 100.00 245,000.00 243,699.25 0.00 -1,300.75 -0.53% 2,327.50 0.96% 0.19%RT 00.9500% MAT 04/16/26FIXED RATE CD

99.39 0.30%
GUARANTY BK MO US RT 245,000.00 99.49 243,750.40 245,457.68 0.00 1,707.28 0.70% 9,310.00 3.79% 0.19%03.8000% MAT 01/12/29FIXED RATE CD

99.99 0.30%
JPMORGAN CHASE BK DE 245,000.00 99.30 243,285.00 244,607.63 0.00 1,322.63 0.54% 9,065.00 3.71% 0.19%US RT 03.7000% MAT09/30/30 FIXED RATE CD

98.59 0.30%
KEMBA FINL CREDIT OH US 245,000.00 100.00 245,000.00 244,762.32 0.00 -237.68 -0.10% 8,820.00 3.60% 0.19%RT 03.6000% MAT 10/12/27FIXED RATE CD

99.69 0.30%
(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: February 02, 2026 Page 9 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (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 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
LAFAYETTE FED CRED MD 245,000.00 100.00 245,000.00 243,624.24 0.00 -1,375.76 -0.56% 7,962.50 3.27% 0.19%US RT 03.2500% MAT06/15/27 LICU SHARECERTIFICATE

99.30 0.30%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 241,280.30 0.00 -3,719.70 -1.52% 1,960.00 0.81% 0.19%00.8000% MAT 08/13/26FIXED RATE CD

98.42 0.30%
METRO CREDIT UNION MA 245,000.00 100.00 245,000.00 240,118.93 0.00 -4,881.07 -1.99% 4,165.00 1.73% 0.19%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE

97.87 0.30%
MORGAN STANLEY BK UT 245,000.00 100.00 245,000.00 250,084.19 0.00 5,084.19 2.08% 10,412.50 4.16% 0.20%US RT 04.2500% MAT02/02/26 FIXED RATE CD

99.96 0.31%
MORGAN STANLEY PRI NY 245,000.00 100.00 245,000.00 248,995.04 0.00 3,995.04 1.63% 9,800.00 3.94% 0.20%US RT 04.0000% MAT08/29/30 FIXED RATE CD

99.93 0.31%
MUTUALONE BANK MA US 245,000.00 100.00 245,000.00 247,040.78 0.00 2,040.78 0.83% 8,820.00 3.57% 0.20%RT 03.6000% MAT 10/06/27FIXED RATE CD

99.68 0.31%
NEW ORLEANS FIREME LA 245,000.00 100.00 245,000.00 252,347.01 0.00 7,347.01 3.00% 12,250.00 4.85% 0.20%US RT 05.0000% MAT07/17/28 FIXED RATE CD 102.81 0.31%
NEW YORK CMNTY BK NY 245,000.00 100.00 245,000.00 242,011.91 0.00 -2,988.09 -1.22% 1,715.00 0.71% 0.19%US RT 00.7000% MAT07/01/26 FIXED RATE CD

98.72 0.30%
OCEANAIR FED CREDI CA 245,000.00 100.00 245,000.00 244,545.58 0.00 -454.42 -0.19% 8,820.00 3.61% 0.19%US RT 03.6000% MAT10/10/30 FIXED RATE CD

98.70 0.30%
PENTAGON FED CREDI VA 245,000.00 100.00 245,000.00 239,954.34 0.00 -5,045.66 -2.06% 4,165.00 1.74% 0.19%US RT 01.7000% MAT02/18/27 CREDIT UNIONSHARE CERT

97.88 0.30%
REGENT BK OK US RT 245,000.00 100.00 245,000.00 245,283.16 0.00 283.16 0.12% 9,677.50 3.95% 0.19%03.9500% MAT 12/22/28FIXED RATE CD 100.03 0.30%
(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: February 02, 2026 Page 10 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (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 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
SALLIE MAE BANK UT US RT 245,000.00 99.80 244,510.00 248,343.78 0.00 3,833.78 1.57% 9,922.50 4.00% 0.20%04.0500% MAT 11/21/29FIXED RATE CD 100.58 0.31%
STATE BANK OF INDI NY US 245,000.00 100.00 245,000.00 244,712.41 0.00 -287.59 -0.12% 2,205.00 0.90% 0.19%RT 00.9000% MAT 03/25/26FIXED RATE CD

99.57 0.30%
STATE BK IL US RT 245,000.00 100.00 245,000.00 248,653.86 0.00 3,653.86 1.49% 10,045.00 4.04% 0.20%04.1000% MAT 11/26/29FIXED RATE CD 100.75 0.31%
SYNCHRONY BANK UT US 245,000.00 99.60 244,020.42 245,175.02 0.00 1,154.60 0.47% 8,820.00 3.60% 0.19%RT 03.6000% MAT 10/24/30FIXED RATE CD

99.10 0.30%
TAB BANK INC UT US RT 245,000.00 100.00 245,000.00 245,488.96 0.00 488.96 0.20% 9,310.00 3.79% 0.19%03.8000% MAT 08/13/27FIXED RATE CD 100.03 0.30%
TECHNOLOGY CREDIT CA 245,000.00 100.00 245,000.00 246,430.70 0.00 1,430.70 0.58% 12,250.00 4.97% 0.20%US RT 05.0000% MAT03/23/26 CREDIT UNIONSHARE CERT 100.17 0.31%
TOYOTA FINL SVG BK NV US 245,000.00 100.00 245,000.00 243,998.05 0.00 -1,001.95 -0.41% 2,205.00 0.90% 0.19%RT 00.9000% MAT 04/22/26FIXED RATE CD

99.34 0.30%
TRUIST BK NC US RT 245,000.00 100.00 245,000.00 251,737.03 0.00 6,737.03 2.75% 10,902.50 4.33% 0.20%04.4500% MAT 06/27/30FIXED RATE CD 100.09 0.31%
TRUXTON TR CO NASH TN 245,000.00 99.98 244,938.75 245,072.76 0.00 134.01 0.05% 10,045.00 4.10% 0.19%US RT 04.1000% MAT02/27/30 FIXED RATE CD 100.00 0.30%
UBS BANK UT US RT 245,000.00 100.00 245,000.00 242,363.63 0.00 -2,636.37 -1.08% 2,082.50 0.86% 0.19%00.8500% MAT 06/16/26FIXED RATE CD

98.89 0.30%
USF FED CREDIT UNI FL US 245,000.00 100.00 245,000.00 246,287.59 0.00 1,287.59 0.53% 9,555.00 3.88% 0.20%RT 03.9000% MAT 05/01/28LICU SHARE CERTIFICATE 100.21 0.31%
(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: February 02, 2026 Page 11 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (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 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
VALLEYSTAR CR UN M VA 245,000.00 100.00 245,000.00 245,748.93 0.00 748.93 0.31% 12,250.00 4.98% 0.19%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE 100.16 0.31%
VIBRANT CREDIT UNI IL US 245,000.00 100.00 245,000.00 244,507.55 0.00 -492.45 -0.20% 8,942.50 3.66% 0.19%RT 03.6500% MAT 10/27/27LICU SHARE CERTIFICATE

99.76 0.30%
WELLS FARGO BK NA SD US 245,000.00 100.00 244,987.75 247,738.66 0.00 2,750.91 1.12% 10,045.00 4.05% 0.20%RT 04.1000% MAT 02/06/29FIXED RATE CD 100.84 0.31%
WESTERN ALLIANCE B AZ US 245,000.00 100.00 245,000.00 244,583.50 0.00 -416.50 -0.17% 8,942.50 3.66% 0.19%RT 03.6500% MAT 07/30/27FIXED RATE CD

99.82 0.30%
WORKERS CREDIT UNI MA 245,000.00 100.00 245,000.00 246,546.18 0.00 1,546.18 0.63% 10,045.00 4.07% 0.20%US RT 04.1000% MAT11/22/27 LICU SHARECERTIFICATE 100.53 0.31%
Total US Fixed Income $14,860,102 $14,904,820 -$855.01 $44,718 0.30% $509,064 3.42% 18.51% 11.83%Government FARMER MAC MED TERM 1,000,000.00 - - 1,000,539.67 0.00 - - 38,000.00 3.80% 0.79%NTS 03.800 % DUE 122228DTD 122225 FC 06222026

99.64 1.24%
FARMER MAC MED TERM 500,000.00 - - 500,982.50 0.00 - - 19,650.00 3.92% 0.40%NTS 03.930 % DUE 011331DTD 011326 FC 07132026 100.00 0.62%
FARMER MAC MED TERM 500,000.00 100.00 500,004.76 508,315.42 -0.49 8,310.66 1.66% 21,650.00 4.26% 0.40%NTS 04.330 % DUE 090429DTD 090425 FC 03042026

99.90 0.63%
FARMER MAC NTS 03.200 500,000.00 99.70 498,481.25 504,208.89 0.00 5,727.64 1.15% 16,000.00 3.17% 0.40%% DUE 082627 DTD 082922FC 02262023

99.46 0.63%
FEDERAL HOME LN BANK 1,000,000.00 100.00 1,000,004.16 1,018,540.14 -1.09 18,535.98 1.85% 41,750.00 4.10% 0.81%NTS 04.175 % DUE 031229DTD 031225 FC 09122025 100.24 1.26%
(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: February 02, 2026 Page 12 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (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 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Government
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,967,511.11 0.00 -32,488.89 -1.62% 36,800.00 1.87% 1.56%012627 DTD 012622 FC07262022

98.35 2.44%
FFCB BOND 04.000 % DUE 1,000,000.00 100.13 1,001,258.53 1,023,183.33 -216.25 21,924.80 2.19% 40,000.00 3.91% 0.81%040130 DTD 040125 FC10012025 100.99 1.27%
FFCB BOND 04.090 % DUE 2,000,000.00 99.95 1,999,005.25 2,006,948.33 0.00 7,943.08 0.40% 81,800.00 4.08% 1.59%071629 DTD 071625 FC01162026 100.18 2.49%
FFCB BOND 04.520 % DUE 1,000,000.00 100.00 1,000,004.68 1,011,637.78 -0.57 11,633.10 1.16% 45,200.00 4.47% 0.80%051430 DTD 051425 FC11142025 100.20 1.26%
FFCB NTS 00.940 % DUE 2,000,000.00 100.00 2,000,000.00 1,971,763.33 0.00 -28,236.67 -1.41% 18,800.00 0.95% 1.56%092826 DTD 092821 FC03282022

98.27 2.45%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 991,340.00 0.00 22,954.75 2.37% 10,500.00 1.06% 0.79%081326 DTD 081321 FC02132022

98.64 1.23%
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,980,970.00 0.00 -19,030.00 -0.95% 35,600.00 1.80% 1.57%021027 DTD 021022 FC08102022

98.20 2.46%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 3,190,566.00 0.00 115,467.60 3.75% 64,621.50 2.03% 2.53%022527 DTD 022522 FC08252022

98.37 3.96%
FHLB BOND 03.250 % DUE 500,000.00 99.87 499,366.75 498,942.22 0.00 -424.53 -0.09% 16,250.00 3.26% 0.40%060928 DTD 050818 FC12092018

99.32 0.62%
FHLB BOND STEP-UP 2,000,000.00 100.00 2,000,000.00 2,003,293.33 0.00 3,293.33 0.16% 70,000.00 3.49% 1.59%3.5000% DUE 063026 DTD063021 FC 12302021

99.87 2.49%
FHLB NTS 1.0500% DUE 2,000,000.00 100.00 2,000,000.00 1,998,780.00 0.00 -1,220.00 -0.06% 21,000.00 1.05% 1.59%033026 DTD 033021 FC09302021

99.59 2.48%
FHLB NTS 1.1500% DUE 2,000,000.00 100.00 2,000,000.00 1,978,742.78 0.00 -21,257.22 -1.06% 23,000.00 1.16% 1.57%082626 DTD 082621 FC02262022

98.44 2.46%
(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: February 02, 2026 Page 13 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (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 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Government
FHLB NTS 1.5000% DUE 2,000,000.00 100.00 2,000,000.00 1,984,760.00 0.00 -15,240.00 -0.76% 30,000.00 1.51% 1.57%063026 DTD 063021 FC12302021

99.11 2.46%
FHLB NTS 04.500 % DUE 1,000,000.00 100.00 1,000,004.68 1,004,780.00 -0.57 4,775.32 0.48% 45,000.00 4.48% 0.80%011730 DTD 071725 FC01172026 100.30 1.25%
FHLMC NTS 04.000 % DUE 650,000.00 99.75 648,380.25 656,532.50 0.00 8,152.25 1.26% 26,000.00 3.96% 0.52%043029 DTD 043025 FC10302025 100.01 0.82%
FNMA NTS 04.050 % DUE 1,000,000.00 99.98 999,755.25 999,977.50 0.00 222.25 0.02% 40,500.00 4.05% 0.79%011531 DTD 012026 FC07152026

99.87 1.24%
FNMA NTS 04.300 % DUE 1,000,000.00 100.00 1,000,004.40 1,021,808.33 -0.85 21,803.93 2.18% 43,000.00 4.21% 0.81%030430 DTD 031225 FC09042025 100.43 1.27%
INTL FIN CORP NTS 00.500 2,000,000.00 100.00 2,000,000.00 2,000,171.11 0.00 171.11 0.01% 10,000.00 0.50% 1.59%% DUE 051526 DTD 052821FC 11152021

99.90 2.48%
US TSY NOTE 01.125 % DUE 1,000,000.00 98.21 982,052.13 984,609.12 0.00 2,556.99 0.26% 11,250.00 1.14% 0.78%10/31/26 DTD 10/31/21 FC04/30/22

98.18 1.22%
US TSY NOTE 02.875 % DUE 500,000.00 98.63 493,165.41 498,221.56 0.00 5,056.15 1.03% 14,375.00 2.89% 0.40%08/15/28 DTD 08/15/18 FC02/15/19

98.32 0.62%
US TSY NOTE 03.125 % DUE 500,000.00 99.14 495,704.47 497,208.55 0.00 1,504.08 0.30% 15,625.00 3.14% 0.39%11/15/28 DTD 11/15/18 FC05/15/19

98.78 0.62%
US TSY NOTE 03.375 % DUE 500,000.00 99.86 499,278.69 503,893.01 0.00 4,614.32 0.92% 16,875.00 3.35% 0.40%09/15/28 DTD 09/15/25 FC03/15/26

99.49 0.63%
US TSY NOTE 03.500 % DUE 1,000,000.00 98.47 984,716.19 1,005,616.92 0.00 20,900.73 2.12% 35,000.00 3.48% 0.80%09/30/29 DTD 09/30/24 FC03/31/25

99.38 1.25%
US TSY NOTE 03.500 % DUE 1,000,000.00 99.92 999,231.81 1,008,084.62 0.00 8,852.81 0.89% 35,000.00 3.47% 0.80%10/15/28 DTD 10/15/25 FC04/15/26

99.77 1.25%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: February 02, 2026 Page 14 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (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 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Government
US TSY NOTE 03.500 % DUE 500,000.00 99.44 497,177.13 496,690.77 0.00 -486.36 -0.10% 17,500.00 3.52% 0.39%11/30/30 DTD 11/30/25 FC05/31/26

98.74 0.62%
US TSY NOTE 03.625 % DUE 1,000,000.00 99.88 998,849.00 1,002,412.71 0.00 3,563.71 0.36% 36,250.00 3.62% 0.80%10/31/30 DTD 10/31/25 FC04/30/26

99.32 1.24%
US TSY NOTE 03.750 % DUE 1,000,000.00 98.65 986,458.38 1,006,507.36 0.00 20,048.98 2.03% 37,500.00 3.73% 0.80%05/31/30 DTD 05/31/23 FC11/30/23 100.01 1.25%
US TSY NOTE 03.875 % DUE 1,500,000.00 99.38 1,490,677.13 1,519,155.41 0.00 28,478.28 1.91% 58,125.00 3.83% 1.21%11/30/29 DTD 11/30/22 FC05/31/23 100.62 1.89%
US TSY NOTE 03.875 % DUE 1,017,000.00 97.76 994,218.09 1,026,649.67 0.00 32,431.58 3.26% 39,408.75 3.84% 0.81%12/31/29 DTD 12/31/22 FC06/30/23 100.62 1.27%
US TSY NOTE 04.000 % DUE 1,000,000.00 99.16 991,647.22 1,020,825.75 0.00 29,178.53 2.94% 40,000.00 3.92% 0.81%10/31/29 DTD 10/31/22 FC04/30/23 101.07 1.27%
US TSY NOTE 04.125 % DUE 1,000,000.00 98.38 983,770.88 1,025,563.43 0.00 41,792.55 4.25% 41,250.00 4.02% 0.81%10/31/29 DTD 10/31/24 FC04/30/25 101.51 1.27%
Total Government $41,586,700* $43,419,733 -$219.82 $331,511* 0.80%* $1,193,280 2.75% 53.90% 34.44%Corporate IG Credit ACCENTURE CAPITAL INC 3,000,000.00 99.12 2,973,745.75 3,050,227.50 0.00 76,481.75 2.57% 121,500.00 3.98% 2.42%04.050% 100429DTD100424 FC040425CALL@MW+10BP 100.36 3.79%
AMAZON.COM INC B/E 1,000,000.00 88.91 889,135.25 903,166.67 0.00 14,031.42 1.58% 15,000.00 1.66% 0.72%01.500% 060330DTD060320CALL@MW+15BP

90.08 1.12%
AMEREN ILL CO NTS B/E 1,500,000.00 99.67 1,494,995.25 1,509,753.33 0.00 14,758.08 0.99% 57,000.00 3.78% 1.20%03.800% 051528DTD052218 FC111518CALL@MW+15BP

99.85 1.87%
(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: February 02, 2026 Page 15 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (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 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
ARCHER DANIELS MIDLAND 500,000.00 97.01 485,050.25 488,717.22 0.00 3,666.97 0.76% 16,250.00 3.33% 0.39%03.250% 032730DTD032720 FC092720 COCALL@MW+40BP

96.62 0.61%
CHARLES SCHWAB CORP 470,000.00 94.17 442,604.25 462,122.41 0.00 19,518.16 4.41% 15,275.00 3.31% 0.37%B/E 03.250% 052229DTD052219 FC112219

97.70 0.57%
CHARLES SCHWAB CORP 2,000,000.00 99.49 1,989,860.00 2,001,120.00 0.00 11,260.00 0.57% 18,000.00 0.90% 1.59%NTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP

99.71 2.48%
DTE ELEC CO B/E 02.250% 1,000,000.00 91.95 919,485.25 939,795.00 0.00 20,309.75 2.21% 22,500.00 2.39% 0.75%030130 DTD022620CALL@MW+15BP

93.04 1.17%
JOHN DEERE CPTL CORP 1,000,000.00 97.50 975,045.25 992,744.72 0.00 17,699.47 1.82% 33,500.00 3.37% 0.79%03.350% 041829DTD041822 FC101822 MEDTERM NTS

98.32 1.23%
JPMORGAN CHASE & CO 1,200,000.00 100.00 1,200,000.00 1,201,277.33 0.00 1,277.33 0.11% 9,600.00 0.80% 0.95%00.800% 022626DTD022621 FC082621 MEDTERM NTS

99.76 1.49%
JPMORGAN CHASE & CO 500,000.00 99.92 499,615.25 513,201.89 0.00 13,586.64 2.72% 25,060.00 4.88% 0.41%NTS 05.012% 012330DTD012324 FC072324CALL@MW+20BP 102.53 0.64%
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,977,803.33 0.00 -22,196.67 -1.11% 21,000.00 1.06% 1.57%01.050% 082726DTD082721 FC022722 MEDTERM NTS

98.44 2.46%
ONCOR ELEC DELIVERY CO 500,000.00 100.10 500,514.14 514,852.50 -111.11 14,338.36 2.86% 23,250.00 4.52% 0.41%04.650% 110129DTD111324 FC050125CALL@MW+10BP 101.81 0.64%
PACIFICORP B/E 03.500% 1,000,000.00 97.14 971,415.25 981,152.22 0.00 9,736.97 1.00% 35,000.00 3.57% 0.78%061529 DTD030119FC061519 CALL@MW+15BP

97.67 1.22%
(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: February 02, 2026 Page 16 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (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 01/30/2026
Price on
01/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
PUB SVC ELEC & GAS CO 200,000.00 99.73 199,469.25 201,815.67 0.00 2,346.42 1.18% 7,300.00 3.62% 0.16%03.650% 090128DTD090718 FC030119CALL@MW+12.5BP

99.39 0.25%
SAN DIEGO G & E B/E 500,000.00 89.43 447,160.25 449,153.33 0.00 1,993.08 0.45% 8,500.00 1.89% 0.36%01.700% 100130DTD092820 FC040121CALL@MW+20BP

89.26 0.56%
SOUTHERN CALIF GAS CO 500,000.00 92.98 464,875.25 477,720.00 0.00 12,844.75 2.76% 12,750.00 2.67% 0.38%02.550% 020130DTD010920CALL@MW+15BP

94.27 0.59%
ST STREET BK & TR CO NTS 1,000,000.00 99.84 998,380.50 1,037,572.67 0.00 39,192.17 3.93% 47,820.00 4.61% 0.82%04.782% 112329DTD112524 FC052325 B/E 102.85 1.29%
TOYOTA MOTOR CREDIT 500,000.00 99.82 499,085.25 508,652.78 0.00 9,567.53 1.92% 22,250.00 4.37% 0.40%CORP 04.450% 062929DTD063022 FC122922CALL@MW+20BP 101.34 0.63%
UNITED HEALTH GROUP INC 2,000,000.00 100.01 2,000,285.19 1,989,875.56 -4,474.81 -10,409.63 -0.52% 23,000.00 1.16% 1.58%01.150% 051526DTD051921 FC111521CALL@MW+07.50BP

99.25 2.47%
UNITED HEALTH GROUP INC 1,000,000.00 98.46 984,595.25 1,007,214.44 0.00 22,619.19 2.30% 40,000.00 3.97% 0.80%04.000% 051529DTD052022 FC111522CALL@MW+20BP

99.88 1.25%
US BANCORP NTS B/E 1,000,000.00 99.40 993,985.50 1,012,100.00 0.00 18,114.50 1.82% 46,530.00 4.60% 0.80%04.653% 020129DTD020123 FC080123 101.21 1.26%
Total Corporate IG Credit $21,929,302 $22,220,039 -$4,585.92 $290,736 1.33% $621,085 2.80% 27.59% 17.63% Total US $78,376,105* $80,544,592 -$5,660.75 $666,965* 0.85%* $2,323,429 2.88% 100% 63.90% Total Fixed Income $78,376,105* $80,544,592 -$5,660.75 $666,965* 0.85%* $2,323,429 2.88% 100% 63.90%(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: February 02, 2026 Page 17 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of January 31, 2026 (continued)Total Portfolio $123,874,760* $126,043,247 $666,965* 0.54%* $3,099,346 2.46% 100% 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
portfolio
Total accrued interest (included in market values): $493,983.14(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: February 02, 2026 Page 18 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026Summary of Bond HoldingsMaturityYear Yield to
maturity (%)
Yield to
worst (%)
Unrealized
Issues gain/loss ($) Mkt. value ($)
Est. annual
income ($)
Adjusted
cost basis ($)
Modified
duration
Current
Quantity yield (%) % of bond portfolio maturing
2026 29 25,365,000 366,110.00 1.46% 3.82% 3.82% 0.38 25,305,582.57 -148,648.82 25,243,336.69

31.43%
2027 22 12,080,000 302,944.00 2.54% 3.65% 3.65% 1.19 11,938,827.76 412.63 12,002,848.22

14.91%
2028 20 8,614,000 325,591.50 3.79% 3.88% 3.71% 2.02 7,594,947.54 997,370.58 8,653,665.29

10.73%
2029 23 20,362,000 818,251.25 4.01% 3.92% 3.91% 2.88 20,150,265.72 270,209.17 20,590,846.78

25.51%
2030 22 12,705,000 450,382.50 3.62% 4.07% 3.93% 3.07 12,386,725.88 56,175.92 12,552,935.11

15.54%
2031 2 1,500,000 60,150.00 4.01% 4.03% 4.03% 3.58 999,755.25 498,984.75 1,500,960.00

1.87%
2032 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/A2051 0 0 N/A N/A N/A2051 + 0 0 N/A N/A N/AOther 0 0 N/A N/A N/ATotal 118 80,626,000 $2,323,429.25 2.90% 3.88% 3.83% 1.98 $78,376,104.72 $1,674,504.23 $80,544,592.10Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: February 02, 2026 Page 19 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
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 ($)

3.88%3.83%
04/26/2028 N/A 1.98$78,376,104.72 N/A $80,050,608.95
$1,674,504.23
80,626,000

2.90% $493,983.14

2.89% $2,323,429.25 100%
$80,544,592.10
Total Bond PortfolioDetails of Bond Holdings
Est. annual
income ($)/
Curr. yield (%)
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 99.956
5,191.99

4.25%

4.25% -107.80
02/02/2026 0.01 244,892.20 0.31%

9.41%
MORGAN STANLEY BK UT US 10,412.50 9.41%RT 04.2500% MAT 02/02/26FIXED RATE CD /UT CD
1,200,000 1,200,000.00 99.762
4,133.33

0.80%

0.80% -2,856.00
02/26/2026 0.07 1,197,144.00 1.50%

4.09%
9,600.00 4.09%

NR/NR/NR
JPMORGAN CHASE & CO A1/AA-/A00.800% 022626DTD022621 FC082621 MEDTERM NTS 245,000 245,000.00 99.996
4,412.68

3.80%

3.80% -9.80
03/11/2026 02/11/2026 0.11 244,990.20 0.31%

3.82%3.82%
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 99.706
7,000.00

0.90%

0.90% 4,260.00
03/11/2026 02/11/2026 0.11 1,994,120.00 2.49%

3.48%3.48%
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 99.611
236.27

0.80%

0.80% -953.05
03/18/2026 0.13 244,046.95 0.30%

3.83%
BMO HARRIS BK NA IL US RT 1,960.00 3.83%00.8000% MAT 03/18/26FIXED RATE CD /IL CD
245,000 245,000.00 100.162
372.87

5.05%

5.04% 396.90
03/20/2026 0.13 245,396.90 0.31%

3.84%
AFFINITY PLUS MN US RT 12,372.50 3.84%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE/MN CD
245,000 245,000.00 100.155
369.18

5.00%

4.99% 379.75
03/20/2026 0.13 245,379.75 0.31%

3.84%
VALLEYSTAR CR UN M VA 12,250.00 3.84%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE /VA CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: February 02, 2026 Page 20 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (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 ($)/
Unreal. g/l ($)
245,000 245,000.00 100.173
1,006.85

5.00%

4.99% 423.85
03/23/2026 0.14 245,423.85 0.31%

3.78%
TECHNOLOGY CREDIT CA US 12,250.00 3.78%RT 05.0000% MAT 03/23/26CREDIT UNION SHARE CERT/CA CD
245,000 245,000.00 100.156
4,329.45

5.00%

4.99% 382.20
03/24/2026 0.14 245,382.20 0.31%

3.85%
CIBC BANK ILLINOIS IL US RT 12,250.00 3.85%05.0000% MAT 03/24/26FIXED RATE CD /IL CD
245,000 245,000.00 99.567
773.26

0.90%

0.90% -1,060.85
03/25/2026 0.15 243,939.15 0.30%

3.83%
STATE BANK OF INDI NY US 2,205.00 3.83%RT 00.9000% MAT 03/25/26FIXED RATE CD /NY CD
2,000,000 2,000,000.00 99.589
7,000.00

1.05%

1.05% -8,220.00
03/30/2026 N/A 1,991,780.00 2.49%
N/A
21,000.00 N/A

NR/NR/NR
FHLB NTS 1.0500% DUE Aa1/NR/AA+033026 DTD 033021 FC09302021 245,000 245,000.00 99.517
197.68

0.95%

0.95% -1,183.35
03/31/2026 01/31/2026 N/A 243,816.65 0.30%
N/AN/A
100.00
BANKUNITED NA FLOR FL US 2,327.50RT 00.9500% MAT 03/31/26FIXED RATE CD /FL CD
245,000 245,000.00 99.391
191.30

0.95%

0.96% -1,492.05
04/16/2026 0.21 243,507.95 0.30%

3.89%
GREENSTATE CREDIT IA US 2,327.50 3.89%RT 00.9500% MAT 04/16/26FIXED RATE CD /IA CD
245,000 245,000.00 99.342
610.15

0.90%

0.91% -1,612.10
04/22/2026 0.22 243,387.90 0.30%

3.84%
TOYOTA FINL SVG BK NV US 2,205.00 3.84%RT 00.9000% MAT 04/22/26FIXED RATE CD /NV CD
2,000,000 2,000,000.00 99.903
2,111.11

0.50%

0.50% -1,940.00
05/15/2026 N/A 1,998,060.00 2.50%
N/A
10,000.00 N/A

NR/NR/NR
INTL FIN CORP NTS 00.500 % Aaa/NR/AAADUE 051526 DTD 052821 FC11152021 2,000,000 2,000,285.19 99.251
4,855.56

1.15%

1.16% -15,265.19
05/15/2026 04/15/2026 0.29 1,985,020.00 2.48%

3.74%3.74%
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 98.889

85.58 0.85%

0.86% -2,721.95
06/16/2026 0.37 242,278.05 0.30%

3.84%
UBS BANK UT US RT 2,082.50 3.84%00.8500% MAT 06/16/26FIXED RATE CD /UT CD
245,000 245,000.00 99.881
762.52

3.55%

3.55% -291.55
06/30/2026 01/30/2026 0.41 244,708.45 0.31%

3.83%3.83%
100.00
ALLY BK UT US RT 03.5500% 8,697.50MAT 06/30/26 FIXED RATECD /UT CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: February 02, 2026 Page 21 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (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 99.873
5,833.33

3.50%

3.50% -2,540.00
06/30/2026 03/30/2026 N/A 1,997,460.00 2.50%
N/AN/A
100.00
70,000.00

NR/NR/NR
FHLB BOND STEP-UP Aa1/NR/AA+3.5000% DUE 063026 DTD063021 FC 12302021 2,000,000 2,000,000.00 99.113
2,500.00

1.50%

1.51% -17,740.00
06/30/2026 N/A 1,982,260.00 2.48%
N/A
30,000.00 N/A

NR/NR/NR
FHLB NTS 1.5000% DUE Aa1/NR/AA+063026 DTD 063021 FC12302021 245,000 245,000.00 98.719
150.36

0.70%

0.71% -3,138.45
07/01/2026 0.41 241,861.55 0.30%

3.82%
NEW YORK CMNTY BK NY 1,715.00 3.82%US RT 00.7000% MAT07/01/26 FIXED RATE CD /NY CD
1,000,000 968,385.25 98.644
4,900.00

1.05%

1.06% 18,054.75
08/13/2026 02/13/2026 0.52 986,440.00 1.23%

3.63%3.63%
100.00
10,500.00

NR/NR/NR
FHLB BOND 01.050 % DUE Aa1/NR/AA+081326 DTD 081321 FC02132022 245,000 245,000.00 98.416
161.10

0.80%

0.81% -3,880.80
08/13/2026 0.53 241,119.20 0.30%

3.80%
LIVE OAK BKG CO NC US RT 1,960.00 3.80%00.8000% MAT 08/13/26FIXED RATE CD /NC CD
2,000,000 2,000,000.00 98.442
9,902.78

1.15%

1.17% -31,160.00
08/26/2026 N/A 1,968,840.00 2.46%
N/A
23,000.00 N/A

NR/NR/NR
FHLB NTS 1.1500% DUE Aa1/NR/AA+082626 DTD 082621 FC02262022 2,000,000 2,000,000.00 98.441
8,983.33

1.05%

1.07% -31,180.00
08/27/2026 0.56 1,968,820.00 2.46%

3.82%
21,000.00 3.82%

NR/NR/NR
MORGAN STANLEY FIN LLC A1/A+/A01.050% 082726DTD082721 FC022722 MEDTERM NTS 2,000,000 2,000,000.00 98.267
6,423.33

0.94%

0.96% -34,660.00
09/28/2026 0.65 1,965,340.00 2.46%

3.61%
18,800.00 3.61%

NR/NR/NR
FFCB NTS 00.940 % DUE Aa1/AA+/AA+092826 DTD 092821 FC03282022 1,000,000 982,052.13 98.175
2,859.12

1.13%

1.15% -302.13
10/31/2026 0.73 981,750.00 1.23%

3.62%
11,250.00 3.62%

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 97.912
524.90

1.15%

1.17% -5,115.60
11/24/2026 0.80 239,884.40 0.30%

3.76%
CAPITAL ONE BK USA VA US 2,817.50 3.76%RT 01.1500% MAT 11/24/26FIXED RATE CD /VA CD
245,000 245,000.00 97.912
524.90

1.15%

1.17% -5,115.60
11/24/2026 0.80 239,884.40 0.30%

3.76%
CAPITAL ONE NA VA US RT 2,817.50 3.76%01.1500% MAT 11/24/26FIXED RATE CD /VA CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: February 02, 2026 Page 22 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
Total 2026 25,365,000 1.45% 06/16/2026 $366,110.00

1.46%

3.82%3.82%

0.38$25,305,582.57
$-148,648.82
$25,156,933.75
$86,402.94

31.43%
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 98.350
511.11

1.84%

1.87% -33,000.00
01/26/2027 0.97 1,967,000.00 2.46%

3.55%
36,800.00 3.55%

NR/NR/NR
FFCB BOND 01.840 % DUE Aa1/AA+/AA+012627 DTD 012622 FC07262022 2,000,000 2,000,000.00 98.203
16,910.00

1.78%

1.81% -35,940.00
02/10/2027 02/10/2026 1.00 1,964,060.00 2.45%

3.58%3.58%
100.00
35,600.00

NR/NR/NR
FHLB BOND 01.780 % DUE Aa1/NR/AA+021027 DTD 021022 FC08102022 245,000 245,000.00 97.868
342.33

1.70%

1.74% -5,223.40
02/18/2027 1.04 239,776.60 0.30%

3.77%
METRO CREDIT UNION MA 4,165.00 3.77%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 97.880
148.34

1.70%

1.74% -5,194.00
02/18/2027 1.04 239,806.00 0.30%

3.76%
PENTAGON FED CREDI VA US 4,165.00 3.76%RT 01.7000% MAT 02/18/27CREDIT UNION SHARE CERT/VA CD
3,215,000 3,075,098.40 98.369
28,002.65

2.01%

2.04% 87,464.95
02/25/2027 02/25/2026 1.04 3,162,563.35 3.95%

3.58%3.58%
100.00
64,621.50

NR/NR/NR
FHLB BOND 02.010 % DUE Aa1/NR/AA+022527 DTD 022522 FC08252022 245,000 245,248.11 98.143
2,027.12

2.00%

2.04% -4,797.76
03/02/2027 1.05 240,450.35 0.30%

3.76%
EAGLEMARK SVGS BK NV US 4,900.00 3.76%RT 02.0000% MAT 03/02/27FIXED RATE CD /NV CD
245,000 245,000.00 99.268
1,460.60

3.20%

3.22% -1,793.40
05/24/2027 1.27 243,206.60 0.30%

3.77%
DISCOVER BANK DE US RT 7,840.00 3.77%03.2000% MAT 05/24/27FIXED RATE CD /DE CD
245,000 245,000.00 101.235
504.77

4.70%

4.64% 3,025.75
06/15/2027 1.33 248,025.75 0.31%

3.77%
ESSENTIAL FED CRED LA US 11,515.00 3.77%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE /LA 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: February 02, 2026 Page 23 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (continued)Maturing 2027 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 99.296
349.04

3.25%

3.27% -1,724.80
06/15/2027 1.34 243,275.20 0.30%

3.78%
LAFAYETTE FED CRED MD US 7,962.50 3.78%RT 03.2500% MAT 06/15/27LICU SHARE CERTIFICATE/MD CD
245,000 245,000.00 99.892

24.84 3.70%

3.70% -264.60
07/30/2027 1.44 244,735.40 0.31%

3.77%
BANK HAPOALIM BM N NY 9,065.00 3.77%US RT 03.7000% MAT07/30/27 FIXED RATE CD /NY CD
245,000 245,000.00 99.820

24.50 3.65%

3.66% -441.00
07/30/2027 1.44 244,559.00 0.31%

3.77%
BANK OF AMERICA NA NC 8,942.50 3.77%US RT 03.6500% MAT07/30/27 FIXED RATE CD /NC CD
245,000 245,000.00 99.820

24.50 3.65%

3.66% -441.00
07/30/2027 1.44 244,559.00 0.31%

3.77%
WESTERN ALLIANCE B AZ US 8,942.50 3.77%RT 03.6500% MAT 07/30/27FIXED RATE CD /AZ CD
245,000 245,000.00 100.033
408.11

3.80%

3.80% 80.85
08/13/2027 1.48 245,080.85 0.31%

3.78%
TAB BANK INC UT US RT 9,310.00 3.78%03.8000% MAT 08/13/27FIXED RATE CD /UT CD
245,000 245,000.00 100.174
287.96

3.90%

3.89% 426.30
08/20/2027 1.50 245,426.30 0.31%

3.78%
BRIGHTSTAR CR UN FL US RT 9,555.00 3.78%03.9000% MAT 08/20/27LICU SHARE CERTIFICATE /FL CD
500,000 498,481.25 99.464
6,888.89

3.20%

3.22% -1,161.25
08/26/2027 1.50 497,320.00 0.62%

3.55%
16,000.00 3.55%

NR/NR/NR
FARMER MAC NTS 03.200 % NR/NR/NRDUE 082627 DTD 082922 FC02262023 245,000 245,000.00 100.329
751.78

4.00%

3.99% 806.05
09/03/2027 1.53 245,806.05 0.31%

3.79%
CONNEXUS CREDIT UN WI 9,800.00 3.79%US RT 04.0000% MAT09/03/27 LICU SHARECERTIFICATE /WI CD
200,000 200,000.00 99.591
590.69

3.85%

3.87% -817.16
09/15/2027 1.57 199,182.84 0.25%

4.11%
COMENITY BANK DE US RT 7,700.00 4.11%03.8500% MAT 09/15/27JUMBO CD - HELD AT UBS/DE CD
245,000 245,000.00 99.679
2,827.23

3.60%

3.61% -786.45
10/06/2027 1.60 244,213.55 0.31%

3.79%
MUTUALONE BANK MA US 8,820.00 3.79%RT 03.6000% MAT 10/06/27FIXED RATE CD /MA CD
245,000 245,000.00 99.686
531.62

3.60%

3.61% -769.30
10/12/2027 1.64 244,230.70 0.31%

3.79%
KEMBA FINL CREDIT OH US 8,820.00 3.79%RT 03.6000% MAT 10/12/27FIXED RATE CD /OH CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: February 02, 2026 Page 24 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (continued)Maturing 2027 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 99.759

98.00 3.65%

3.66% -590.45
10/27/2027 1.68 244,409.55 0.31%

3.79%
VIBRANT CREDIT UNI IL US RT 8,942.50 3.79%03.6500% MAT 10/27/27LICU SHARE CERTIFICATE /IL CD
245,000 245,000.00 100.104
646.06

3.85%

3.85% 254.80
11/08/2027 1.71 245,254.80 0.31%

3.79%
FARMERS & MERCHANT WI 9,432.50 3.79%US RT 03.8500% MAT11/08/27 FIXED RATE CD /WI CD
245,000 245,000.00 100.530
247.68

4.10%

4.08% 1,298.50
11/22/2027 1.74 246,298.50 0.31%

3.80%
WORKERS CREDIT UNI MA 10,045.00 3.80%US RT 04.1000% MAT11/22/27 LICU SHARECERTIFICATE /MA CD
Total 2027 12,080,000 2.52% 04/22/2027 $302,944.00

2.54%

3.65%3.65%

1.19$11,938,827.76
$412.63
$11,939,240.39
$63,607.82

14.91%
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 ($)/
Unreal. g/l ($)
245,000 245,000.00 100.413
3,624.66

4.00%

3.98% 1,011.85
03/20/2028 2.00 246,011.85 0.31%

3.79%
GOLDMAN SACHS BANK NY 9,800.00 3.79%US RT 04.0000% MAT03/20/28 FIXED RATE CD /NY CD
245,000 245,000.00 100.048
285.27

4.25%

4.25% 117.60
03/21/2028 03/21/2026 0.14 245,117.60 0.31%

3.90%4.23%
100.00
AMER NATL BK OMA NE US 10,412.50RT 04.2500% MAT 03/21/28FIXED RATE CD /NE CD
245,000 245,000.00 100.192
939.73

5.00%

4.99% 470.40
04/03/2028 04/03/2026 0.17 245,470.40 0.31%

3.88%4.91%
100.00
ARBOR FINL CREDIT MI US RT 12,250.0005.0000% MAT 04/03/28FIXED RATE CD /MI CD
245,000 245,000.00 100.039

28.86 4.30%

4.30% 95.55
04/28/2028 01/30/2026 2.13 245,095.55 0.31%

4.28%4.28%
100.00
DIVERSIFIED MEMBER MI US 10,535.00RT 04.3000% MAT 04/28/28FIXED RATE CD /MI CD
245,000 245,000.00 100.205
785.34

3.90%

3.89% 502.25
05/01/2028 2.14 245,502.25 0.31%

3.80%
USF FED CREDIT UNI FL US RT 9,555.00 3.80%03.9000% MAT 05/01/28LICU SHARE CERTIFICATE /FL CD
1,500,000 1,494,995.25 99.848
12,033.33

3.80%

3.81% 2,724.75
05/15/2028 02/15/2028 2.16 1,497,720.00 1.87%

3.87%3.87%
100.00
57,000.00

NR/NR/NR
AMEREN ILL CO NTS B/E A1/NR/A03.800% 051528DTD052218 FC111518CALL@MW+15BPIncludes 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: February 02, 2026 Page 25 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (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 ($)/
Unreal. g/l ($)
500,000 499,366.75 99.319
2,347.22

3.25%

3.27% -2,771.75
06/09/2028 2.24 496,595.00 0.62%

3.55%
16,250.00 3.55%

NR/NR/NR
FHLB BOND 03.250 % DUE Aa1/NR/AA+060928 DTD 050818 FC12092018 245,000 245,000.00 100.030
563.84

4.20%

4.20% 73.50
07/11/2028 02/11/2026 0.03 245,073.50 0.31%

3.28%4.19%
100.00
FIRST FED SVGS BK IN US RT 10,290.0004.2000% MAT 07/11/28FIXED RATE CD /IN CD
245,000 245,000.00 100.288
604.78

5.30%

5.28% 705.60
07/14/2028 04/14/2026 0.20 245,705.60 0.31%

3.87%5.17%
100.00
CY-FAIR FED CREDIT TX US 12,985.00RT 05.3000% MAT 07/14/28FIXED RATE CD /TX CD
245,000 245,000.00 102.807
469.86

5.00%

4.86% 6,877.15
07/17/2028 2.31 251,877.15 0.31%

3.80%
NEW ORLEANS FIREME LA US 12,250.00 3.80%RT 05.0000% MAT 07/17/28FIXED RATE CD /LA CD
500,000 493,165.41 98.324
6,601.56

2.88%

2.92% -1,545.41
08/15/2028 2.40 491,620.00 0.61%

3.57%
14,375.00 3.57%

NR/NR/NR
US TSY NOTE 02.875 % DUE Aa1/AA+/NR08/15/28 DTD 08/15/18 FC02/15/19 200,000 199,469.25 99.387
3,041.67

3.65%

3.67% -695.25
09/01/2028 06/01/2028 2.41 198,774.00 0.25%

3.90%3.90%
100.00
7,300.00

NR/NR/NR
PUB SVC ELEC & GAS CO A1/NR/A03.650% 090128DTD090718 FC030119CALL@MW+12.5BP 500,000 499,278.69 99.492
6,433.01

3.38%

3.39% -1,818.69
09/15/2028 2.46 497,460.00 0.62%

3.58%
16,875.00 3.58%

NR/NR/NR
US TSY NOTE 03.375 % DUE Aa1/AA+/AA+09/15/28 DTD 09/15/25 FC03/15/26 245,000 245,000.00 99.764
745.07

3.70%

3.71% -578.20
10/10/2028 2.55 244,421.80 0.31%

3.79%
DORT FINL CREDIT U MI US 9,065.00 3.79%RT 03.7000% MAT 10/10/28LICU SHARE CERTIFICATE /MI CD
1,000,000 999,231.81 99.770
10,384.62

3.50%

3.51% -1,531.81
10/15/2028 2.53 997,700.00 1.25%

3.59%
35,000.00 3.59%

NR/NR/NR
US TSY NOTE 03.500 % DUE Aa1/AA+/AA+10/15/28 DTD 10/15/25 FC04/15/26 245,000 244,735.91 99.465
2,561.42

3.60%

3.62% -1,046.66
10/17/2028 2.54 243,689.25 0.30%

3.81%
BMW BK OF NA NA UT US RT 8,820.00 3.81%03.6000% MAT 10/17/28FIXED RATE CD /UT CD
219,000 219,000.00 100.048
2,244.60

4.35%

4.35% 105.12
11/06/2028 02/06/2026 0.02 219,105.12 0.27%

1.83%4.33%
100.00
FIRST GTY BK HAMMO LA US 9,526.50RT 04.3500% MAT 11/06/28FIXED RATE CD /LA 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: February 02, 2026 Page 26 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (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 ($)/
Unreal. g/l ($)
500,000 495,704.47 98.777
3,323.55

3.13%

3.16% -1,819.47
11/15/2028 2.63 493,885.00 0.62%

3.59%
15,625.00 3.59%

NR/NR/NR
US TSY NOTE 03.125 % DUE Aa1/AA+/NR11/15/28 DTD 11/15/18 FC05/15/19 1,000,000 0.00 99.642
4,116.67

3.80%

3.81% 996,423.00
12/22/2028 12/22/2026 2.70 996,423.00 1.24%

3.93%3.93%
100.00
38,000.00

NR/NR/NR
FARMER MAC MED TERM NR/NR/NRNTS 03.800 % DUE 122228DTD 122225 FC 06222026 245,000 245,000.00 100.029
212.11

3.95%

3.95% 71.05
12/22/2028 06/23/2026 0.39 245,071.05 0.31%

3.87%3.94%
100.00
REGENT BK OK US RT 9,677.5003.9500% MAT 12/22/28FIXED RATE CD /OK CD
Total 2028 8,614,000 3.78% 08/13/2028 $325,591.50

3.79%

3.88%3.71%

2.02 $7,594,947.54
$997,370.58
$8,592,318.12
$61,347.17

10.73%
Maturing 2029
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 243,750.40 99.989
484.63

3.80%

3.80% 1,222.65
01/12/2029 2.78 244,973.05 0.31%

3.80%
GUARANTY BK MO US RT 9,310.00 3.80%03.8000% MAT 01/12/29FIXED RATE CD /MO CD
1,000,000 993,985.50 101.210

0.00 4.65%

4.60% 18,114.50
02/01/2029 02/01/2028 N/A 1,012,100.00 1.26%
N/AN/A
100.00
46,530.00

NR/NR/NR
US BANCORP NTS B/E A3/A/A04.653% 020129DTD020123 FC080123 245,000 244,987.75 100.837
688.01

4.10%

4.07% 2,062.90
02/06/2029 2.83 247,050.65 0.31%

3.81%
WELLS FARGO BK NA SD US 10,045.00 3.81%RT 04.1000% MAT 02/06/29FIXED RATE CD /SD CD
1,000,000 1,000,004.16 100.242
16,120.14

4.18%

4.16% 2,415.84
03/12/2029 03/12/2027 1.07 1,002,420.00 1.25%

3.95%4.09%
100.00
41,750.00

NR/NR/NR
FEDERAL HOME LN BANK Aa1/NR/AA+NTS 04.175 % DUE 031229DTD 031225 FC 09122025 1,000,000 975,045.25 98.316
9,584.72

3.35%

3.41% 8,114.75
04/18/2029 2.99 983,160.00 1.23%

3.91%
33,500.00 3.91%

NR/NR/NR
JOHN DEERE CPTL CORP A1/A+/A03.350% 041829DTD041822 FC101822 MEDTERM NTS 650,000 648,380.25 100.005
6,500.00

4.00%

4.00% 1,652.25
04/30/2029 04/30/2026 0.25 650,032.50 0.81%

3.94%4.00%
100.00
26,000.00

NR/NR/NR
FHLMC NTS 04.000 % DUE Aa1/AA+/AA+043029 DTD 043025 FC10302025Includes 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: February 02, 2026 Page 27 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (continued)Maturing 2029 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 984,595.25 99.877
8,444.44

4.00%

4.00% 14,174.75
05/15/2029 03/15/2029 3.03 998,770.00 1.25%

4.04%4.04%
100.00
40,000.00

NR/NR/NR
UNITED HEALTH GROUP INC A2/A/A+04.000% 051529DTD052022 FC111522CALL@MW+20BP 470,000 442,604.25 97.701
2,927.71

3.25%

3.33% 16,590.45
05/22/2029 02/22/2029 3.08 459,194.70 0.57%

4.00%4.00%
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 97.668
4,472.22

3.50%

3.58% 5,264.75
06/15/2029 03/15/2029 3.13 976,680.00 1.22%

4.25%4.25%
100.00
35,000.00

NR/NR/NR
PACIFICORP B/E 03.500% A3/NR/BBB+061529 DTD030119FC061519 CALL@MW+15BP 500,000 499,085.25 101.335
1,977.78

4.45%

4.39% 7,589.75
06/29/2029 3.13 506,675.00 0.63%

4.03%
22,250.00 4.03%

NR/NR/NR
TOYOTA MOTOR CREDIT A1/A+/A+CORP 04.450% 062929DTD063022 FC122922CALL@MW+20BP 2,000,000 1,999,005.25 100.177
3,408.33

4.09%

4.08% 4,534.75
07/16/2029 07/16/2027 1.40 2,003,540.00 2.50%

3.96%4.03%
100.00
81,800.00

NR/NR/NR
FFCB BOND 04.090 % DUE Aa1/AA+/AA+071629 DTD 071625 FC01162026 500,000 500,004.76 99.895
8,840.42

4.33%

4.33% -529.76
09/04/2029 03/04/2026 3.24 499,475.00 0.62%

4.36%4.36%
100.00
21,650.00

NR/NR/NR
FARMER MAC MED TERM NR/NR/NRNTS 04.330 % DUE 090429DTD 090425 FC 03042026 245,000 240,222.50 99.091
3,093.04

3.60%

3.63% 2,550.45
09/25/2029 3.35 242,772.95 0.30%

3.87%
AMER EXPRESS NATL UT US 8,820.00 3.87%RT 03.6000% MAT 09/25/29FIXED RATE CD /UT CD
1,000,000 984,716.19 99.379
11,826.92

3.50%

3.52% 9,073.81
09/30/2029 3.37 993,790.00 1.24%

3.68%
35,000.00 3.68%

NR/NR/NR
US TSY NOTE 03.500 % DUE Aa1/AA+/AA+09/30/29 DTD 09/30/24 FC03/31/25 3,000,000 2,973,745.75 100.358
39,487.50

4.05%

4.04% 36,994.25
10/04/2029 09/04/2029 3.26 3,010,740.00 3.76%

3.94%3.94%
100.00
121,500.00

NR/NR/NR
ACCENTURE CAPITAL INC Aa3/WD/AA04.050% 100429DTD100424 FC040425CALL@MW+10BP 1,000,000 991,647.22 101.066
10,165.75

4.00%

3.96% 19,012.78
10/31/2029 3.42 1,010,660.00 1.26%

3.69%
40,000.00 3.69%

NR/NR/NR
US TSY NOTE 04.000 % DUE Aa1/AA+/AA+10/31/29 DTD 10/31/22 FC04/30/23 1,000,000 983,770.88 101.508
10,483.43

4.13%

4.06% 31,309.12
10/31/2029 3.42 1,015,080.00 1.27%

3.69%
41,250.00 3.69%

NR/NR/NR
US TSY NOTE 04.125 % DUE Aa1/AA+/AA+10/31/29 DTD 10/31/24 FC04/30/25Includes 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: February 02, 2026 Page 28 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (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 ($)/
Unreal. g/l ($)
500,000 500,514.14 101.808
5,812.50

4.65%

4.57% 8,525.86
11/01/2029 10/01/2029 3.30 509,040.00 0.64%

4.11%4.12%
100.00
23,250.00

NR/NR/NR
ONCOR ELEC DELIVERY CO A2/A/A04.650% 110129DTD111324 FC050125CALL@MW+10BP 245,000 244,510.00 100.577
1,930.13

4.05%

4.03% 1,903.65
11/21/2029 3.48 246,413.65 0.31%

3.88%
SALLIE MAE BANK UT US RT 9,922.50 3.88%04.0500% MAT 11/21/29FIXED RATE CD /UT CD
1,000,000 998,380.50 102.854
9,032.67

4.78%

4.65% 30,159.50
11/23/2029 3.44 1,028,540.00 1.28%

3.97%
47,820.00 3.97%

NR/NR/NR
ST STREET BK & TR CO NTS Aa2/AA/AA04.782% 112329DTD112524 FC052325 B/E 245,000 245,000.00 100.750
1,816.36

4.10%

4.07% 1,837.50
11/26/2029 3.49 246,837.50 0.31%

3.88%
STATE BK IL US RT 04.1000% 10,045.00 3.88%MAT 11/26/29 FIXED RATECD /IL CD
1,500,000 1,490,677.13 100.617
9,900.41

3.88%

3.85% 18,577.87
11/30/2029 3.51 1,509,255.00 1.89%

3.70%
58,125.00 3.70%

NR/NR/NR
US TSY NOTE 03.875 % DUE Aa1/AA+/NR11/30/29 DTD 11/30/22 FC05/31/23 1,017,000 994,218.09 100.617
3,374.78

3.88%

3.85% 29,056.80
12/31/2029 3.60 1,023,274.89 1.28%

3.70%
39,408.75 3.70%

NR/NR/NR
US TSY NOTE 03.875 % DUE Aa1/AA+/AA+12/31/29 DTD 12/31/22 FC06/30/23 Total 2029 20,362,000 4.02% 08/13/2029 $818,251.25

4.01%

3.92%3.91%

2.88$20,150,265.72
$270,209.17
$20,420,474.89
$170,371.89

25.51%
Maturing 2030
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 1,000,004.68 100.303
1,750.00

4.50%

4.49% 3,025.32
01/17/2030 07/17/2026 0.46 1,003,030.00 1.25%

3.83%4.42%
100.00
45,000.00

NR/NR/NR
FHLB NTS 04.500 % DUE Aa1/NR/AA+011730 DTD 071725 FC01172026 500,000 499,615.25 102.529
556.89

5.01%

4.89% 13,029.75
01/23/2030 01/23/2029 2.75 512,645.00 0.64%

4.10%4.31%
100.00
25,060.00

NR/NR/NR
JPMORGAN CHASE & CO A1/AA-/ANTS 05.012% 012330DTD012324 FC072324CALL@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: February 02, 2026 Page 29 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (continued)Maturing 2030 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 ($)/
Unreal. g/l ($)
500,000 464,875.25 94.269
6,375.00

2.55%

2.71% 6,469.75
02/01/2030 11/01/2029 3.70 471,345.00 0.59%

4.12%4.12%
100.00
12,750.00

NR/NR/NR
SOUTHERN CALIF GAS CO Aa3/AA-/A02.550% 020130DTD010920CALL@MW+15BP 245,000 244,938.75 99.996

82.56 4.10%

4.10% 51.45
02/27/2030 02/28/2026 3.75 244,990.20 0.31%

4.10%4.10%
100.00
TRUXTON TR CO NASH TN 10,045.00US RT 04.1000% MAT02/27/30 FIXED RATE CD /TN CD
1,000,000 919,485.25 93.042
9,375.00

2.25%

2.42% 10,934.75
03/01/2030 12/01/2029 3.80 930,420.00 1.16%

4.12%4.12%
100.00
22,500.00

NR/NR/NR
DTE ELEC CO B/E 02.250% Aa3/A+/A030130 DTD022620CALL@MW+15BP 1,000,000 1,000,004.40 100.425
17,558.33

4.30%

4.28% 4,245.60
03/04/2030 03/04/2027 1.04 1,004,250.00 1.25%

3.90%4.19%
100.00
43,000.00

NR/NR/NR
FNMA NTS 04.300 % DUE Aa1/AA+/AA+030430 DTD 031225 FC09042025 500,000 485,050.25 96.624
5,597.22

3.25%

3.36% -1,930.25
03/27/2030 12/27/2029 3.80 483,120.00 0.60%

4.14%4.14%
100.00
16,250.00

NR/NR/NR
ARCHER DANIELS MIDLAND A2/A/A03.250% 032730DTD032720 FC092720 COCALL@MW+40BP 1,000,000 1,001,258.53 100.985
13,333.33

4.00%

3.96% 8,591.47
04/01/2030 3.76 1,009,850.00 1.26%

3.74%
40,000.00 3.74%

NR/NR/NR
FFCB BOND 04.000 % DUE Aa1/AA+/AA+040130 DTD 040125 FC10012025 245,000 240,525.91 99.023

49.00 3.65%

3.69% 2,080.44
04/29/2030 3.92 242,606.35 0.30%

3.90%
CELTIC BK UT US RT 8,942.50 3.90%03.6500% MAT 04/29/30FIXED RATE CD /UT CD
1,000,000 1,000,004.68 100.197
9,667.78

4.52%

4.51% 1,965.32
05/14/2030 05/14/2026 0.29 1,001,970.00 1.25%

3.79%4.47%
100.00
45,200.00

NR/NR/NR
FFCB BOND 04.520 % DUE Aa1/AA+/AA+051430 DTD 051425 FC11142025 1,000,000 986,458.38 100.012
6,387.36

3.75%

3.75% 13,661.62
05/31/2030 3.94 1,000,120.00 1.25%

3.75%
37,500.00 3.75%

NR/NR/NR
US TSY NOTE 03.750 % DUE Aa1/AA+/AA+05/31/30 DTD 05/31/23 FC11/30/23 1,000,000 889,135.25 90.075
2,416.67

1.50%

1.67% 11,614.75
06/03/2030 03/03/2030 4.12 900,750.00 1.13%

4.01%4.01%
100.00
15,000.00

NR/NR/NR
AMAZON.COM INC B/E A1/AA-/AA01.500% 060330DTD060320CALL@MW+15BP 245,000 245,000.00 100.092
6,511.63

4.45%

4.45% 225.40
06/27/2030 06/27/2026 0.40 245,225.40 0.31%

4.11%4.41%
100.00
TRUIST BK NC US RT 10,902.5004.4500% MAT 06/27/30FIXED 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: February 02, 2026 Page 30 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (continued)Maturing 2030 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 99.998
338.30

4.20%

4.20% -4.90
08/19/2030 02/19/2026 4.13 244,995.10 0.31%

4.20%4.20%
100.00
CENTRAL BK AR US RT 10,290.0004.2000% MAT 08/19/30FIXED RATE CD /AR CD
245,000 245,000.00 99.932
4,161.64

4.00%

4.00% -166.60
08/29/2030 08/29/2027 4.08 244,833.40 0.31%

4.02%4.02%
100.00
MORGAN STANLEY PRI NY 9,800.00US RT 04.0000% MAT08/29/30 FIXED RATE CD /NY CD
245,000 243,285.00 98.593
3,054.78

3.70%

3.75% -1,732.15
09/30/2030 03/31/2026 4.16 241,552.85 0.30%

4.03%4.03%
100.00
JPMORGAN CHASE BK DE US 9,065.00RT 03.7000% MAT 09/30/30FIXED RATE CD /DE CD
500,000 447,160.25 89.264
2,833.33

1.70%

1.90% -840.25
10/01/2030 07/01/2030 4.38 446,320.00 0.56%

4.26%4.26%
100.00
8,500.00

NR/NR/NR
SAN DIEGO G & E B/E A1/A/A01.700% 100130DTD092820 FC040121CALL@MW+20BP 245,000 245,000.00 98.700
2,730.58

3.60%

3.65% -3,185.00
10/10/2030 4.23 241,815.00 0.30%

3.90%
OCEANAIR FED CREDI CA US 8,820.00 3.90%RT 03.6000% MAT 10/10/30FIXED RATE CD /CA CD
245,000 244,877.50 99.335
2,668.15

3.75%

3.78% -1,506.75
10/17/2030 4.24 243,370.75 0.30%

3.90%
FIRST FEDERAL BANK FL US 9,187.50 3.90%RT 03.7500% MAT 10/17/30FIXED RATE CD /FL CD
245,000 244,020.42 99.095
2,392.27

3.60%

3.63% -1,237.67
10/24/2030 4.27 242,782.75 0.30%

3.81%
SYNCHRONY BANK UT US RT 8,820.00 3.81%03.6000% MAT 10/24/30FIXED RATE CD /UT CD
1,000,000 998,849.00 99.320
9,212.71

3.63%

3.65% -5,649.00
10/31/2030 4.28 993,200.00 1.24%

3.78%
36,250.00 3.78%

NR/NR/NR
US TSY NOTE 03.625 % DUE Aa1/AA+/AA+10/31/30 DTD 10/31/25 FC04/30/26 500,000 497,177.13 98.742
2,980.77

3.50%

3.54% -3,467.13
11/30/2030 4.38 493,710.00 0.62%

3.79%
17,500.00 3.79%

NR/NR/NR
US TSY NOTE 03.500 % DUE Aa1/AA+/AA+11/30/30 DTD 11/30/25 FC05/31/26 Total 2030 12,705,000 3.58% 05/24/2030 $450,382.50

3.62%

4.07%3.93%

3.07$12,386,725.88
$56,175.92
$12,442,901.80
$110,033.31

15.54%
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: February 02, 2026 Page 31 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of January 31, 2026 (continued)Maturing 2031 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 0.00 100.000
982.50

3.93%

3.93% 500,000.00
01/13/2031 01/13/2028 1.86 500,000.00 0.62%

3.93%3.93%
100.00
19,650.00

NR/NR/NR
FARMER MAC MED TERM NR/NR/NRNTS 03.930 % DUE 011331DTD 011326 FC 07132026 1,000,000 999,755.25 99.874
1,237.50

4.05%

4.06% -1,015.25
01/15/2031 01/15/2027 4.44 998,740.00 1.25%

4.08%4.08%
100.00
40,500.00

NR/NR/NR
FNMA NTS 04.050 % DUE Aa1/NR/AA+011531 DTD 012026 FC07152026 Total 2031 1,500,000 4.01% 01/15/2031 $60,150.00

4.01%

4.03%4.03%

3.58 $999,755.25
$498,984.75
$1,498,740.00
$2,220.00

1.87%
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 ($)

3.88%3.83%
04/26/2028 N/A 1.98$78,376,104.72 N/A $80,050,608.95
$1,674,504.23
80,626,000

2.90% $493,983.14 Total Bond Portfolio 2.89% $2,323,429.25 100% $80,544,592.10
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: February 02, 2026 Page 32 of 39 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: February 02, 2026 Page 33 of 39
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 including assets transferred to orfrom other UBS accounts. When fees are shown separately, net deposits / withdrawals does not include programfees (including wrap fees). When investment return is displayed net deposits / withdrawals does not includeprogram fees (including wrap fees). For security contributions and withdrawals, securities are calculated usingthe end of day UBS FS price on the day securities are delivered in or out of the accounts. Wrap fees will beincluded in this calculation except when paid via an invoice or through a separate accounts billing arrangement.When shown on Client summary and/or Portfolio review report, program fees (including wrap fees) may not beincluded in net deposits/withdrawals. PACE Program fees paid from sources other than your PACE account aretreated as a contribution. A PACE Program Fee rebate that is not reinvested is treated as a withdrawal.Net Deposits/Withdrawals (external): When shown on a report, this information represents the net value of all cash and securities contributions and withdrawals, program fees (including wrap fees) and other fees addedto or subtracted from your accounts from the first day to the last day of the period, excluding assets transferredto or from other UBS accounts after 12/31/2010. When fees are shown separately, net deposits / withdrawalsdoes not include program fees (including wrap fees). When investment return is displayed net deposits /withdrawals does not include program fees (including wrap fees). For security contributions and withdrawals,securities are calculated using the end of day UBS FS price on the day securities are delivered in or out of theaccounts. Wrap fees will be included in this calculation except when paid via an invoice or through a separateaccounts billing arrangement. When shown on Client summary and/or Portfolio review report, program fees(including wrap fees) may not be included in net deposits/withdrawals. PACE Program fees paid from sourcesother than your PACE account are treated as a contribution. A PACE Program Fee rebate that is not reinvested istreated as a withdrawal.Deposits: When shown on a report, this information represents the net value of all cash and securitiescontributions added to your accounts from the first day to the last day of the period, including assets transferredfrom other UBS accounts. On Client Summary Report and/or Portfolio Review Report, this may exclude theOpening balance. For security contributions, securities are calculated using the end of day UBS FS price on theday securities are delivered in or out of the accounts.Deposits (external): When shown on a report, this information represents the net value of all cash andsecurities contributions added to your accounts from the first day to the last day of the period, excluding assetstransferred from other UBS accounts after 12/31/2010. On Client Summary Report and/or Portfolio ReviewReport, this may exclude the Opening balance. For security contributions, securities are calculated using the endof 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, including assettransferred to other UBS accounts. On Client summary and/or portfolio review report Withdrawals may notinclude program fees (including wrap fees). For security withdrawals, securities are calculated using the end ofday UBS FS price on the day securities are delivered in or out of the accounts.Withdrawals (external): When shown on a report, this information represents the net value of all cash andsecurities withdrawals subtracted from your accounts from the first day to the last day of the period, excludingassets transferred to other UBS accounts after 12/31/2010. On Client summary and/or portfolio review reportWithdrawals may not include program fees (including wrap fees). For security withdrawals, securities arecalculated using the end of day UBS FS price on the day securities are delivered in or out of the accounts.Net Transfers (Internal): When shown on a report, this information represents the net value of all cash andsecurities transferred between your UBS accounts from the first day to the last day of the period.Transfers In (Internal): When shown on a report, this information represents the net value of all cash andsecurities transferred to your UBS accounts from the first day to the last day of the period.Transfers Out (Internal): When shown on a report, this information represents the net value of all cash andsecurities transferred from your UBS accounts from the first day to the last day of the period.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 private Report created on: February 02, 2026 Page 34 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) investment distributions can only be determined by referring to the official year-end tax-reporting documentprovided by the issuer.Change in Accrued Interest: When shown on a report, this information represents the difference between theaccrued interest at the beginning of the period from the accrued interest at the end of the period.Change in Value: Represents the change in value of the portfolio during the reporting period, excludingadditions/withdrawals, dividend and interest income earned and accrued interest. Change in Value may includeprograms fees (including wrap fees) and other fees.Fees: Fees represented in this report include program and wrap fees. Program and wrap fees prior to October 1,2010 for accounts that are billed separately via invoice through a separate account billing arrangement are notincluded in this report.Performance Start Date Changes: The Performance Start Date for accounts marked with a '^' have changed.Performance figures of an account with a changed Performance Start Date may not include the entire history ofthe account. The new Performance Start Date will generate performance returns and activity information for ashorter period than is available at UBS FS. As a result, the overall performance of these accounts may generatebetter performance than the period of time that would be included if the report used the inception date of theaccount. UBS FS recommends reviewing performance reports that use the inception date of the account becausereports with longer time frames are usually more helpful when evaluating investment programs and strategies.Performance reports may include accounts with inception dates that precede the new Performance Start Dateand will show performance and activity information from the earliest available inception date.The change in Performance Start Date may be the result of a performance gap due to a zero-balance thatprevents the calculation of continuous returns from the inception of the account. The Performance Start Datemay also change if an account has failed one of our performance data integrity tests. In such instances, theaccount will be labeled as 'Review Required' and performance prior to that failure will be restricted. Finally, thePerformance Start Date will change if you have explicitly requested a performance restart. Please contact yourFinancial Advisor for additional details regarding your new Performance Start Date.Closed Account Performance: Accounts that have been closed may be included in the consolidatedperformance report. When closed accounts are included in the consolidated report, the performance report willonly include information for the time period the account was active during the consolidated performancereporting time period.Important information on options-based strategies: Options involve risk and are not suitable for everyone.Prior to buying or selling an option investors must read a copy of the Characteristics & Risks of StandardizedOptions, also known as the options disclosure document (ODD). It explains the characteristics and risks 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 the underlying equity position upon which the call was written. Therefore, in some market conditions, particularlyduring periods of significant appreciation of the underlying equity position(s), the CES account will decrease theperformance that would have been achieved had the stock been held long without implementing the CESstrategy.Portfolio: For purposes of this report "portfolio" is defined as all of the accounts presented on the cover pageor the header of this report and does not necessarily include all of the client's accounts held at UBS FS orelsewhere.Percentage: Portfolio (in the "% Portfolio / Total" column) includes all holdings held in the account(s) selectedwhen this report was generated. Broad asset class (in the "% broad asset class" column) includes all holdingsheld in that broad asset class in the account(s) selected when this report was generated.Tax lots: This report displays security tax lots as either one line item (i.e., lumped tax lots) or as separate tax lotlevel information. If you choose to display security tax lots as one line item, the total cost equals the total valueof all tax lots. The unit cost is an average of the total cost divided by the total number of shares. If the shareswere purchased in different lots, the unit price listed does not represent the actual cost paid for each lot. Theunrealized gain/loss value is calculated by combining the total value of all tax lots plus or minus the total marketvalue of the security.If you choose to display tax lot level information as separate line items on the Portfolio Holdings report, the taxlot information may include information from sources other than UBS FS. The Firm does not independently verifyor guarantee the accuracy or validity of any information provided by sources other than UBS FS. As a result thisinformation may not be accurate and is provided for informational purposes only. Clients should not rely on thisinformation in making purchase or sell decisions, for tax purposes or otherwise. See your monthly statement foradditional information.Pricing: All securities are priced using the closing price reported on the last business day preceding the date ofthis report. Every reasonable attempt has been made to accurately price securities; however, we make nowarranty with respect to any security's price. Please refer to the back of the first page of your UBS FS accountstatement for important information regarding the pricing used for certain types of securities, the sources ofpricing data and other qualifications concerning the pricing of securities. To determine the value of securities inyour account, we generally rely on third party quotation services. If a price is unavailable or believed to beunreliable, we may determine the price in good faith and may use other sources such as the last recordedtransaction. When securities are held at another custodian or if you hold illiquid or restricted securities for whichthere is no published price, we will generally rely on the value provided by the custodian or issuer of thatsecurity.Cash: Cash on deposit at UBS Bank USA is protected by the Federal Deposit Insurance Corporation (FDIC) up to$250,000 in principal and accrued interest per depositor for each ownership type. Deposits made in anindividual's own name, joint name, or individual retirement account are each held in a separate type ofownership. Such deposits are not guaranteed by UBS FS. More information is available upon request.Margin: The quantity value may indicate that all or part of this position is held on margin or held in the shortaccount. When an account holds a debit balance, this debit balance is incorporated into the account's totalmarket value and deducted from the total value. When calculating the percent of portfolio on each security, thepercentage will be impacted by the total market value of the account. Therefore, if the account's market value isreduced by a debit value of a holding the percent of portfolio will be greater and if the account's market value is Report created on: February 02, 2026 Page 35 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) increased by a holding then the percent of portfolio will be less.Asset Allocation: Your allocation analysis is based on your current portfolio. The Asset Allocation portion ofthis report shows the mix of various investment classes in your account. An asset allocation that shows asignificantly higher percentage of equity investments may be more appropriate for an investor with a moreaggressive investment strategy and higher tolerance for risk. Similarly, the asset allocation of a more conservativeinvestor may show a higher percentage of fixed income investments.Separately Managed Accounts and Pooled Investment Vehicles (such as mutual funds, closed end fundsand exchanged traded funds): The asset classification displayed is based on firm's proprietary methodology forclassifying assets. Please note that the asset classification assigned to rolled up strategies may include individualinvestments that provide exposure to other asset classes. For example, an International Developed Marketsstrategy may include exposure to Emerging Markets, and a US Large Cap strategy may include exposure to MidCap and Small Cap, etc.Mutual Fund Asset Allocation: If the option to unbundle balanced mutual funds is selected and if a fund'sholdings data is available, mutual funds will be classified by the asset class, subclass, and style breakdown oftheir underlying holdings. Where a mutual fund or ETF contains equity holdings from multiple equity sectors, thisreport will proportionately allocate the underlying holdings of the fund to those sectors measured as apercentage of the total fund's asset value as of the date shown.This information is supplied by Morningstar, Inc. on a daily basis to UBS FS based on data supplied by the fundwhich may not be current. Mutual funds change their portfolio holdings on a regular (often daily) basis.Accordingly, any analysis that includes mutual funds may not accurately reflect the current composition of thesefunds. If a fund's underlying holding data is not available, it will be classified based on its corresponding overallMorningstar classification. All data is as of the date indicated in the report.All pooled investment vehicles (such as mutual funds, closed end mutual funds, and exchange traded funds)incorporate internal management and operation expenses, which are reflected in the performance returns.Please see relevant fund prospectus for more information. Please note, performance for mutual funds is inclusiveof multiple share classes.Ineligible Assets: We require that you hold and purchase only eligible managed assets in your advisoryaccounts. Please contact your Financial Advisor for a list of the eligible assets in your program. These reports mayprovide performance information for eligible and ineligible assets in a fee-based program. Since ineligible assetsare not considered fee-based program assets, the inclusion of such securities will distort the actual performanceof your advisory assets. As a result, the performance reflected in this report can vary substantially from theindividual account performance reflected in the performance reports provided to you as part of those programs.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 for informational purposes only and is calculatedby the annualized per share dividends/interest paid, multiplied by the quantity of the shares held in the selectedaccount(s). For Expected Cash Flow and Portfolio Holdings reports prior to June 23, 2023, savings products &sweep funds do not display such calculations and instead, values are displayed as N/A. For all other reports,Estimated Annual Income for savings products & sweep funds is not calculated or factored into aggregatecalculations and will be displayed as 0.Current Yield: Current Yield is estimated for informational purposes only and may not reflect changes in price.It's calculated by dividing the total estimated annual income by the current market value displayed. Current yieldcalculations display the current yield of the investment solely as of the date of this report. For Portfolio Holdingsreport generated prior to June 23, 2023, savings products & sweep funds do not include such information andinstead, values are displayed as N/A. For all other reports, Current Yield for savings products & sweep funds isnot calculated or factored into aggregate calculations and will be displayed as 0.YTM (at Market): Yield to Maturity (at Market) is the expected return of an interest-bearing security from thereport date, assuming that it is held to maturity with all coupon payments paid. For displays at the tax lot level,the Yield to Maturity is calculated based on the cost basis of that specific tax lot. For position level displays(consisting of multiple tax lots), Yield to Maturity is derived by using the weighted average cost basis of all 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.

Report created on: February 02, 2026 Page 36 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) Securities without rating information are left blank. Rating agencies may discontinue ratings on high yieldsecurities.NR: When NR is displayed under bond rating column, no ratings are currently available from that rating agency.High Yield: This report may designate a security as a high yield fixed income security even though one or morerating agencies rate the security as an investment grade security. Further, this report may incorporate a ratingthat is no longer current with the rating agency. For more information about the rating for any high yield fixedincome security, or to consider whether to hold or sell a high yield fixed income security, please contact yourfinancial advisor or representative and do not make any investment decision based on this report.Credit/Event Risk: Investments are subject to event risk and changes in credit quality of the issuer. Issuers canexperience economic situations that may have adverse effects on the market value of their securities.Interest Rate Risk: Bonds are subject to market value fluctuations as interest rates rise and fall. If sold prior tomaturity, the price received for an issue may be less than the original purchase price.Reinvestment Risk: Since most corporate issues pay interest semiannually, the coupon payments over the lifeof the bond can have a major impact on the bond's total return.Call Provisions: When evaluating the purchase of a corporate bond, one should be aware of any features thatmay allow the issuer to call the security. This is particularly important when considering an issue that is trading ata premium to its call price, since the return may be negatively impacted if the issue is redeemed. Should an issuebe called, investors may be faced with an earlier than anticipated reinvestment decision, and may be unable toreinvest their principal at equally favorable rates.Effective Maturity: Effective maturity is the expected redemption due to pre-refunding, puts, or maturity anddoes not reflect any sinking fund activity, optional or extraordinary calls. Securities without a maturity date areleft blank and typically include Preferred Securities, Mutual Funds and Fixed Income UITs.Yields: Yield to Maturity and Yield to Worst are calculated to the worst call.Accrued Interest: Interest that has accumulated between the most recent payment and the report date may bereflected in market values for interest bearing securities.Bond Averages: All averages are weighted averages calculated based on market value of the holding, notincluding accrued interest.Tax Status: "Taxable" includes all securities held in a taxable account that are subject to federal and/or state orlocal taxation. "Tax-exempt" includes all securities held in a taxable account that are exempt from federal, stateand local taxation. "Tax-deferred" includes all securities held in a tax-deferred account, regardless of the statusof the security.Bond sensitivity analysis: This analysis uses Modified Duration which approximates the percentage pricechange of a security for a given change in yield. The higher the modified duration of a security, the higher itsrisk. For callable securities, modified duration does not address the impact of changing interest rates on a bond'sexpected 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 line method.Post January 2015, accretion due to market discount is calculated using the constant yield method. We assumethe securities are held to par and premiums are calculated to call date. Amortization and accretion values may beincorrect due to adjustments related to cost basis. You may hold additional fixed income securities that may notappear on this report. Please refer to your account statements for information regarding all of your holdings.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.Estimated Value (Continuous Funds): Estimated Value is based on the latest valuation received from the fundcompany and includes post valuation reinvested dividends. This is not a Market Value.Estimated Value (Drawdown Funds): Estimated Value is based on the latest valuation received from the fundcompany and includes post valuation contributions less post valuation distributions. This is not a Market Value.Accounts Included in this Report: The account listing may or may not include all of your accounts with UBSFS. The accounts included in this report are listed under the "Accounts included in this review" shown on thefirst page or listed at the top of each page. If the account is a donor advised fund account, the assets in thoseaccounts are owned by the Sponsoring Charitable Organization, and not the donor. You and your financialadvisor have procured the appropriate authorization to view the assets in the donor advised fund account. If anaccount number begins with "@" this denotes assets or liabilities held at other financial institutions. Informationabout these assets, including valuation, account type and cost basis, is based on the information you provided tous, or provided to us by third party data aggregators or custodians at your direction. We have not verified, andare not responsible for, the accuracy or completeness of this information.Account name(s) displayed in this report and labels used for groupings of accounts can be customizable"nicknames" chosen by you to assist you with your recordkeeping or may have been included by your financialadvisor for reference purposes only. The names used have no legal effect, are not intended to reflect anystrategy, product, recommendation, investment objective or risk profile associated with your accounts or anygroup of accounts, and are not a promise or guarantee that wealth, or any financial results, can or will beachieved. All investments involve the risk of loss, including the risk of loss of the entire investment.For more information about account or group names, or to make changes, contact your Financial Advisor.Account changes: At UBS, we are committed to helping you work toward your financial goals. So that we maycontinue providing you with financial advice that is consistent with your investment objectives, please considerthe following two questions:

Report created on: February 02, 2026 Page 37 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) 1) Have there been any changes to your financial situation or investment objectives?2) Would you like to implement or modify any restrictions regarding the management of your account?If the answer to either question is "yes," it is important that you contact your Financial Advisor as soon aspossible to discuss these changes. For MAC advisory accounts, please contact your investment manager directlyif you would like to impose or change any investment restrictions on your account.ADV disclosure: A complimentary copy of our current Form ADV Disclosure Brochure that describes theadvisory program and related fees is available through your Financial Advisor. Please contact your FinancialAdvisor if you have any questions.Important information for former Piper Jaffray and McDonald Investments clients: As anaccommodation to former Piper Jaffray and McDonald Investments clients, these reports include performancehistory for their Piper Jaffray accounts prior to August 12, 2006 and McDonald Investments accounts prior toFebruary 9, 2007, the date the respective accounts were converted to UBS FS. UBS FS has not independentlyverified this information nor do we make any representations or warranties as to the accuracy or completenessof that information and will not be liable to you if any such information is unavailable, delayed or inaccurate.For insurance, annuities, and 529 Plans, UBS FS relies on information obtained from third party services itbelieves to be reliable. UBS FS does not independently verify or guarantee the accuracy or validity of anyinformation provided by third parties. Information for insurance, annuities, and 529 Plans that has been providedby a third party service may not reflect the quantity and market value as of the previous business day. Whenavailable, an "as of" date is included in the description.Investors outside the U.S. are subject to securities and tax regulations within their applicable jurisdiction that arenot addressed in this report. Nothing in this report shall be construed to be a solicitation to buy or offer to sellany security, product or service to any non-U.S. investor, nor shall any such security, product or service besolicited, offered or sold in any jurisdiction where such activity would be contrary to the securities laws or otherlocal laws and regulations or would subject UBS to any registration requirement within such jurisdiction.Performance History prior to the account's inception at UBS Financial Services, Inc. may have been included inthis report and is based on data provided by third party sources. UBS Financial Services Inc. has notindependently verified this information nor does UBS Financial Services Inc. guarantee the accuracy or validity ofthe information.Important information about brokerage and advisory services. As a firm providing wealth managementservices to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SECregistered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer.Investment advisory services and brokerage services are separate and distinct, differ in material ways and aregoverned by different laws and separate arrangements. It is important that clients understand the ways in whichwe conduct business, that they carefully read the agreements and disclosures that we provide to them about theproducts or services we offer. For more information, please review client relationship summary provided at ubs.com/relationshipsummary. UBS Financial Services account protectionThe Firm is a member of the Securities Investor Protection Corporation (SIPC), which protects securitiescustomers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochureavailable upon request or at www.sipc.org. The SIPC asset protection limits apply to all accounts that you hold ina particular capacity.

The Firm, together with certain affiliates, has also purchased supplemental insurance. The maximum amountpayable to all eligible clients, collectively under this protection is $500 million as of December 10, 2019. Subjectto the policy conditions and limitations, cash at the Firm is further protected for up to $1.9 million in theaggregate for all your accounts held in a particular capacity. A full copy of the policy wording is available uponrequest.Neither the SIPC protection nor the supplemental protection apply to:
• Certain financial assets controlled by (and included in your account value) but held away from UBS Financial Services. For example certain (i) insurance products, including variable annuities,and (ii) shares of mutual funds registered in the name of the account holder on the books ofthe issuer or transfer agent); • Investment contracts or investment interests (e.g., limited partnerships and private placements) that are not registered under the Securities Act of 1933; • Commodities contracts (e.g., foreign exchange and precious metal contracts), including futures contracts and commodity option contracts;
• Securities on loan to UBS Financial Services; and• Deposit accounts (except certificates of deposit) at UBS Bank USA, UBS AG U.S. branches and banks in the FDIC Insured Deposit Program.

The SIPC protection and the supplemental protection do not apply to these assets even if they otherwise appearon your statements. The SIPC protection and the supplemental protection do not protect against changes in themarket value of your investments (whether as a result of market movement, issuer bankruptcy or otherwise).Non-UBS Assets and Liabilities: This report is not intended to provide you with consolidated information orreporting regarding your holdings at other firms. However, at your request, this report may include informationregarding assets that you hold at other financial institutions so that you may review your asset allocation and/orinvestment strategy in the context of your overall holdings. You should review and maintain the originaldocuments for these assets, such as the statements for individual accounts held away from UBS. Thosedocuments may contain notices, disclosures and other information important to you, and may also serve as areference should questions arise regarding the accuracy of that information as presented in this report.The information presented for accounts held at other financial institutions has been provided to UBS at yourdirection through your agreement with an Outside Asset Data Aggregation Service. These accounts have beenadded to this report at your request and are automatically updated to reflect the most recent data received fromthe custodian. Information may have also been provided based on documents and valuation you provided toyour Financial Advisor. These accounts have been added to this report at your request and may not reflect thecurrent valuation.If an account number begins with "@" this denotes assets or liabilities held at other financial institutions.Information about these assets, including valuation, account type and cost basis, is based on the information youprovided to us, or provided to us by third party data aggregators or custodians at your direction. We have notverified, and are not responsible for, the accuracy or completeness of this information.If the information you or your custodians provided to us is not current, inclusion of these assets will impact theaccuracy of the current asset allocation and other analysis presented. We do not provide purchase, sale or hold Report created on: February 02, 2026 Page 38 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) recommendations or advice with respect to your assets at other firms and do not assume responsibility foractivity you conduct at other financial institutions.UBS’s SIPC coverage applies to assets held at UBS. If you maintain assets at other firms that may be SIPCmembers, you should contact their financial representative or the other entity or refer to the other entitysstatement regarding SIPC membership. Your UBS Financial Services Inc. account statements are the only officialrecord of your UBS holdings and account and are not replaced, amended or superseded by any of theinformation presented in this report.Assets that you hold at other financial institutions are priced using the closing price reported on the last businessday preceding the date of this report. Every reasonable attempt has been made to accurately price securities;however, we make no warranty with respect to any security’s price. To determine the value of securities in youraccount, we generally rely on third party quotation services. If a price is unavailable or believed to be unreliable,we may determine the price in good faith and may use other sources such as the last recorded transaction.When securities are held at another custodian or if you hold illiquid or restricted securities for which there is nopublished price, we will generally rely on the value provided by the custodian or issuer of that security.The value of assets held at other financial institutions is based on the "Last Refresh Date" displayed. Up todate valuation and information can be obtained directly from the custodian of your assets. The accountstatements you receive from your third party custodian regarding the assets you hold with them are the officialrecord of your holdings and accounts and are not impacted or superseded by the information in this report.Account balances and security pricing will always display in U.S. Dollars even if assets in your Outside Accountsare denominated in other currencies. UBS will convert any values received in the Outside Account Information toU.S. Dollars using foreign exchange rates from UBS as of the previous business.Report created on: February 02, 2026 Page 39 of 39

STAFF REPORT
TO: Mayor and Council Members DATE: February 24, 2026
FROM: Public Works DISTRICT(S): 2, 3
SUBJECT: Consideration of a Construction Contract with SAVI Construction, Inc. for the CDBG-Funded Curb Ramp Improvements Project FY 2025-2026 in an amount not to exceed $250,360

RECOMMENDATION
That the City Council:

1. Adopt a Categorical Exemption pursuant to the California Environmental Quality Act pursuant to Section 15301(c) of the California Code of Regulations (CEQA Guidelines);

2. Approve the Agreement with SAVI Construction, Inc. for the CDBG-Funded Curb Ramp Improvements Project FY 2025-2026, Plan No. 1402, in the amount of $227,600;

3. Authorize a contingency for necessary change orders in an amount not to exceed 10% (i.e., $22,760) of the total contract amount for a total authorization not to exceed $250,360; and

4. Authorize the City Manager or his designee to execute the Agreement and approve change orders within the approved contingency amount, including minimal and/or non-substantive changes.

STRATEGIC FOCUS AREAS
Goal 4 - Sustainable Infrastructure

EXECUTIVE SUMMARY
The CDBG-Funded Curb Ramp Improvements Project FY 2025-2026, Plan No. 1402 will construct and upgrade ADA-compliant curb ramps and remove and replace deteriorated sidewalk panels at various locations in the vicinity of Glendora Ave and Sunflower Ave, between the 210 freeway and Gladstone St. The project includes installation of new curb ramps, replacement of non-compliant curb ramps, installation of truncated domes, removal and replacement of approximately 8,000 square feet of Portland Cement Concrete (PCC) sidewalk, and grinding of sidewalk joints to eliminate tripping hazards. These improvements will enhance accessibility and mobility for residents, particularly individuals with disabilities, and support the City’s ongoing ADA compliance efforts.

Staff recommends awarding the Agreement to SAVI Construction, Inc., the lowest responsive and responsible bidder, in the amount of $227,600, plus a 10% contingency, for a total authorization not to exceed $250,360.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The CDBG-Funded Curb Ramp Improvements Project FY2025-2026 is included in the FY 2025-2026 Capital Improvement Program in the amount of $381,800.

The Notice Inviting Bids (NIB) was posted on QuestCDN (RFP # 9937814) and was published in the San Gabriel Valley Examiner on December 11 and 18, 2025, and bids were opened on January 8, 2026. Eleven (11) prime contractors submitted bid proposals, with bid amounts ranging from $227,600 to $552,500.

SAVI Construction, Inc. submitted the lowest responsive and responsible bid in the amount of $227,600.

DISCUSSION
The project will be implemented within the area bounded by Glendora Avenue to the west, Sunflower Avenue to the East, the 210 Freeway to the north and Gladstone Street to the south. The project includes the following improvements to enhance pedestrian accessibility and safety:

Construction of twenty-six (26) new ADA-compliant curb ramps; Replacement of five (5) existing non-compliant curb ramps; Installation of ADA-compliant truncated domes at nine (9) existing curb ramps; Removal and replacement of approximately 8,000 square feet of deteriorated PCC sidewalk; and Grinding of sidewalk joints to eliminate vertical displacement and potential tripping hazards.

All improvements will be constructed in accordance with applicable ADA requirements and the Standard Specifications for Public Works Construction. Any impacted survey monuments, including tie-outs, will be reestablished following construction, if necessary.

Below is a vicinity map of the project location:

The notice inviting bids on QuestCDN was published in the San Gabriel Valley Examiner on December 11 and 18, 2025, and bids were opened on January 8, 2026. Eleven (11) prime contractors submitted bid proposals, with bid amounts ranging from $227,600 to $552,500. SAVI Construction, Inc. submitted the lowest responsive and responsible bid in the amount of $227,600
Bid Summary
Contractor Name Bid Amount
SAVI Construction, Inc. $227,600.00
Pavement Rehab Company $296,000.00
Kalban, Inc. $308,500.00
FS Contractors, Inc. $335,200.00
TVR Construction $344,000.00
Gentry Brothers, Inc. $361,050.00
CT&T Concrete Paving, Inc. $373,375.00
We R Builders $410,000.00
Leonida Builders, Inc. $419,900.00
Van Engineering, Inc. $448,900.00
Environmental Construction, Inc. $552,500.00

FISCAL IMPACT
The CDBG-Funded Curb Ramp Improvements Project FY2025-2026 has been approved in the FY 2023-25 Capital Improvement Program in the amount of $381,800. It is funded by the Community Block Development Grant (CDBG) Fund (285), Project No. 5526101. The table below provides a breakdown of the costs. Any remaining funds will remain within the CDBG program and may be reprogrammed in accordance with applicable federal guidelines.

Budget Estimated
Cost
Difference
Curb Ramp Improvements Project FY 25-26,
Project 5526101 $381,800
Publication & Environmental $460
Construction $227,600
Construction Contingency $22,760
Design Support (Transtech) $50,000
Inspections & Construction Management
(Future Services) $25,000
Estimated Total Expenditures $325,820
Remaining Balance $55,980

ENVIRONMENTAL DETERMINATION
The proposed Agreement with SAVI Construction, Inc. qualifies for a Categorical Exemption under the CEQA Guidelines (Section 15301(c) of the California Code of Regulations), since the work consists of the repair, maintenance, and minor alterations to existing streets, sidewalks, and similar facilities. Attached is the Notice of Categorical Exemption for City Council for review and adoption.

Prepared By: Maliha Ansari, Principal Civil Engineer
Concurs With: Not Applicable
Reviewed By: Moises Lopez, Interim Director Public Works Certified to Availability of Funds: Kyle Johnson, Finance Director/City Treasurer Approved By: Adam Raymond, City Manager
Legal Review: Danny Aleshire, City Attorney
CEQA Review: Jeff Kugel, Community Development Director Attachments
A_Notice_of_Exemption_1402.pdf
B_Plan_Holder_List_1402.pdf
C_Bid_Summary_1402.pdf
D_Bid_Analysis_1402.pdf
E_Bid_Proposal_1402.pdf
F_Contract_Agreement_1402_Partially_Executed.pdf
rvp7/3/97

CITY OF GLENDORA
116 East Foothill Boulevard, Glendora, California 91741

NOTICE OF EXEMPTION
Project Title: CDBG-Funded Curb Ramp Improvements Project FY2025-2026 Project Location: PCC improvements are located between Glendora Ave and Sunflower Ave., north of Gladstone Ave and south of the 210 Freeway.

Project Sponsor: City of Glendora
Mailing Address: 116 East Foothill Boulevard, Glendora, CA 91741 Project Description: The project will remove existing sidewalk, curb & gutter and construct ADA-compliant curb ramps, repair broken sidewalks, replace existing curb ramps and install new truncated at various locations.

Surrounding Land Uses and Setting: The area is surrounded mostly by single-family residential housing and designated for Low/Medium Residential land uses.

The Planning Director recommends the following exempt status / findings:

Ministerial (Sec. 15073)
Declared Emergency (Sec. 15071(a))
Emergency Project (Sec. 15071(b) and (c))
Categorical Exemption
Type: Class 1 Existing Facilities
Section: 15301
Statutory Exemption. Code Number: _____
Reasons why project is exempt: The project involves the repair or alteration of existing public structures/facilities. The project consists of replacing existing PCC improvements with ADAcompliant curb ramps, replacing existing curb ramps with ADA-compliant curb ramps, and repairing existing sidewalks.

The above recommended exempt status and findings were adopted by the following body:
on
Date:

Maliha Ansari, City Engineer
________________________________________________ Date: ________________ Jeff Kugel, Community Development Director
Closing Date: Thu, 01/08/2026 10:00 AM PST Posting Type: Construction Project Owner Name: Glendora CA, City of Solicitor Name: Glendora CA, City of Contact: Desiree Hernandez Phone: 626-914-8238 Email: [email protected] Company Name &
Address Contact Name/Email Address Phone/Fax Bus. Cert Bus. Desig Entry Date DocType Comments PWXPress
1900 Coffeeport Rd,
Jacksonville, FL03220
Mary Miller
[email protected]
408-676-8941 TGB Supplier 12/11/2025 eBidDoc
Kalban, Inc.
26450 Ruether
Ave#201, Santa
Clarita, CA-91350
Matthew Lawrence
[email protected]
818-504-1065
818-504-1067
SBE,DBE,WBE,MBE,TGB,Vet
Pref,VOSB,WOSB
Prime Bidder 12/11/2025 eBidDoc
BidAmerica
41085 Elm Street, Murrieta, CA-92562
Tom Davis
[email protected]
951-837-0559 Plan Room 12/11/2025 eBidDoc
Addison-Miller Inc
1100 W Town and
Country Rd, Orange,
CA-92868
Nate Beach
[email protected]
3106631683
8885957464 Prime Bidder 12/11/2025 eBidDoc
All American
Asphalt
400 E 6th St,
Corona, CA-92879
Ed Carlson
[email protected]
951-736-7600
951-739-4671 Prime Bidder 12/11/2025 eBidDoc
Environmental
Construction Inc.
21550 Oxnard
Street, Suite1060, Woodland Hills, CA91367
Aria
[email protected]
8184498920
8188053558 SBE Prime Bidder 12/11/2025 eBidDoc
E & M Constructors
Inc
308 S. Maclay Ave
#510, San
Fernando, CA91340
Eddie Padilla
[email protected]
8184701266 Prime Bidder 12/11/2025 eBidDoc
We R Builders
3746 Foothill Blvd.,
GLENDALE, CA91214
Nezar Alsmadi
[email protected]
714-874-5275 Prime Bidder 12/11/2025 eBidDoc
SAVI Construction
Inc.
6725 Birmingham
Dr, Chino, CA-91710
Ramesh Bachuvala
[email protected]
805-889-3547 DBE,SBE Prime Bidder 12/12/2025 eBidDoc
ConstructConnect
3825 Edwards Rd,
Cincinnati, OH45209
Eric Mills
[email protected]
800-364-2059
866-570-8187 Plan Room 12/12/2025 eBidDoc
PALP Inc., dba Excel
Paving Company
2230 Lemon
Avenue, Long
Beach, CA-90806
Crissa Phillips
[email protected]
562-599-5841
562-591-7485 Prime Bidder 12/12/2025 eBidDoc
Onyx Paving
Company, Inc.
2890 E. La Cresta
Ave, Anaheim, CA92806
Corey Kirschner
[email protected]
714-632-6699
714-632-1883 Prime Bidder 12/12/2025 eBidDoc
Ambit Construction
& Design, Inc.,
P. O. Box 812033,
Los Angeles, CA90018
Muhammad [email protected]
323.786.8001 MBE Prime Bidder 12/12/2025 eBidDoc
Pavement Rehab
Company
22711 LA PALMA

AVE, YORBA LINDA,
CA-92887
Tim Fitzpatrick
[email protected]
714-238-1444
714-333-4844 Prime Bidder 12/15/2025 eBidDoc
CT&T Concrete
Paving Inc.
324 S. Diamond Bar
Blvd, PMB 275,
Diamond Bar, CA91765
Jose Carvajal
[email protected]
909-629-8000
909-629-8001 SBE Prime Bidder 12/16/2025 eBidDoc
Plan Holder Report as of 01/20/2026 01:52 PM CST
CDBG Funded Curb Ramps Improvements Project
Quest eBidDoc™ Number: 9937814
Company Name &
Address Contact Name/Email Address Phone/Fax Bus. Cert Bus. Desig Entry Date DocType Comments FS Contractors, Inc.
12861 Telfair
Avenue, Sylmar, CA91342
Jose Angel Fierros [email protected]
818-838-6040 SBE Prime Bidder 12/17/2025 eBidDoc
Gentry Brothers, Inc.
384 E. Live Oak
Avenue, Irwindale,
CA-91706
Jason Roehrborn
[email protected] 626-357-9631 Prime Bidder 12/18/2025 eBidDoc Leonida Builders
Inc.
32023 Crown Valley
Road, Acton, CA93510
Panagiotis Leonida
[email protected]
951-532-7717
951-566-4022 SBE Prime Bidder 12/22/2025 eBidDoc
TVR Construction
Engineering LLC
4230 Michael St,
Riverside, CA-92507
Gergis bebawy
[email protected]
7149276664 DBE Prime Bidder 12/29/2025 eBidDoc
Van Engineering Inc
36520 Villa Del Sol, Wildomar, CA92595Sara Sanders
[email protected]
9513311506 Prime Bidder 12/30/2025 eBidDoc
QuestCDN Internal
Client Success Acct.
1325 Best Practice Way, Quest, MN545345
ClientSuccess
[email protected]
952-278-3345 NOT

BIDDING
01/02/2026 eBidDoc

ALL AMERICAN

BUILDING

SERVICES
PO Box 802586,

SANTA CLARTIA,
CA-91380

ANTHONY INNABI
[email protected]
909-368-0773 Construction Manager 01/05/2026 eBidDoc
S&H Civilworks
6612 Columbus
Street, Riverside,
CA-92504
Jesse Sotto
[email protected]
909-206-1181
909-498-8021 Prime Bidder 01/07/2026 eBidDoc
CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY2025-2026
PLAN NO. 1402
BID OPENING: JANUARY 8, 2026

SUMMARY OF BIDS

CONTRACTORS BID AMOUNT

1. SAVI Construction, Inc. $227,600.00

2. Pavement Rehab Company $296,000.00

3. Kalban, Inc. $308,500.00

4. FS Contractors, Inc. $335,200.00

5. TVR Construction $344,000.00

6. Gentry Brothers, Inc. $361,050.00

7. CT&T Concrete Paving, Inc. $373,375.00

8. We R Builders $410,000.00

9. Leonida Builders, Inc. $419,900.00

10. VAN Engineering, Inc. $448,900.00

11. Environmental Construction, Inc. $552,500.00
Qty Unit Unit Price Total Price Unit Price Total Price Unit Price Total Price Unit Price Total Price Unit Price Total Price Unit Price Total Price Unit Price Total Price Unit Price Total Price Unit Price Total Price Unit Price Total Price 1 Mobilization & De-Mobilization 1 LS $10,000.00 $10,000.00 $2,000.00 $2,000.00 $5,500.00 $5,500.00 $2,000.00 $2,000.00 $5,000.00 $5,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $26,400.00 $26,400.00 $13,000.00 $13,000.00 $38,000.00 $38,000.002 Traffic Control 1 LS $5,000.00 $5,000.00 $2,000.00 $2,000.00 $11,000.00 $11,000.00 $2,000.00 $2,000.00 $3,000.00 $3,000.00 $10,000.00 $10,000.00 $15,000.00 $15,000.00 $26,400.00 $26,400.00 $4,500.00 $4,500.00 $22,000.00 $22,000.003 Remove existing concrete improvements and construct curb ramp perSPPWC STD. Plan 111-5. Install ADA-compliant truncated domes onnewly constructed curb ramps. 26 EA $6,500.00 $169,000.00 $4,300.00 $111,800.00 $5,500.00 $143,000.00 $6,500.00 $169,000.00 $6,800.00 $176,800.00 $6,000.00 $156,000.00 $8,500.00 $221,000.00 $6,500.00 $169,000.00 $8,200.00 $213,200.00 $8,000.00 $208,000.00 4 Remove & replace 4" thick PCC sidewalk per City of Glendora SD&S 1.02 8,000 SF $12.00 $96,000.00 $10.00 $80,000.00 $12.00 $96,000.00 $12.00 $96,000.00 $13.50 $108,000.00 $16.00 $128,000.00 $8.00 $64,000.00 $13.70 $109,600.00 $16.00 $128,000.00 $13.00 $104,000.005 Grind existing sidewalk joint flush with adjoining panels 100 EA $10.00 $1,000.00 $30.00 $3,000.00 $40.00 $4,000.00 $25.00 $2,500.00 $30.00 $3,000.00 $10.00 $1,000.00 $45.00 $4,500.00 $34.00 $3,400.00 $25.00 $2,500.00 $25.00 $2,500.006 Install ADA-compliant truncated domes on existing curb ramps. 9 EA $1,000.00 $9,000.00 $700.00 $6,300.00 $1,000.00 $9,000.00 $500.00 $4,500.00 $600.00 $5,400.00 $1,000.00 $9,000.00 $450.00 $4,050.00 $34.00 $306.00 $1,200.00 $10,800.00 $600.00 $5,400.00 $290,000.00 $205,100.00 $268,500.00 6,500 $276,000.00 $301,200.00 $314,000.00 $318,550.00 $335,106.00 $372,000.00 $379,900.00 ADD A.1 Remove and replace existing curb ramps per SPPWC STD. Plan 111-5. Install ADA-compliant truncated domes on newly constructed curb ramps 5 EA $6,500.00 $32,500.00 $4,500.00 $22,500.00 $5,500.00 $27,500.00 $6,500.00 $32,500.00 $6,800.00 $34,000.00 $6,000.00 $30,000.00 $8,500.00 $42,500.00 $6,500.00 $32,500.00 $7,600.00 $38,000.00 $8,000.00 $40,000.00 $32,500.00 $22,500.00 $27,500.00 $32,500.00 $34,000.00 $30,000.00 $42,500.00 $32,500.00 $38,000.00 $40,000.00 $322,500.00 $227,600.00 $296,000.00 $308,500.00 $335,200.00 $344,000.00 $361,050.00 $367,606.00 $410,000.00 $419,900.00 Apparent Low
Bidder 1
Apparent Low
Bidder 2
Apparent Low
Bidder 3
Apparent Low
Bidder 4
Apparent Low
Bidder 5
Apparent Low
Bidder 6
Apparent Low
Bidder 7
Apparent Low
Bidder 8
Apparent Low
Bidder 9
$205,100.00 $268,500.00 $276,000.00 $301,200.00 $314,000.00 $318,550.00 $335,106.00 $372,000.00 $379,900.00 $22,500.00 $27,500.00 $32,500.00 $34,000.00 $30,000.00 $42,500.00 $32,500.00 $38,000.00 $40,000.00 $227,600.00 $296,000.00 $308,500.00 $335,200.00 $344,000.00 $361,050.00 $367,606.00 $410,000.00 $419,900.00$227,600.00 $296,000.00 $308,500.00 $335,200.00 $344,000.00 $361,050.00 $373,375.00 $410,000.00 $419,900.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$5,769.00 $0.00 $0.00 0% $0.00 4% $12,750.00 0% $0.00 0% $0.00 0% $0.00 0% $0.00 0% $0.00 0% $0.00 0% $0.00 Case Land Surveying, Inc. $12,750.00 Onpoint Land Surveying, Inc. UNKNONWN TOTAL $0.00 TOTAL $12,750.00 TOTAL $0.00 TOTAL $0.00 TOTAL $0.00 TOTAL $0.00 TOTAL $0.00 TOTAL $0.00 TOTAL $0.00 Apparent Low Bidder 2 Apparent Low Bidder 3 Apparent Low Bidder 4 Apparent Low Bidder 5 Apparent Low Bidder 6 Apparent Low Bidder 7 Apparent Low Bidder 8 Apparent Low Bidder 9

PAVEMENT REHAB COMPANY
SUBCONTRACTORSIS THE BIDDER QUALIFIED BASED ON REFERENCE PROJECTSCALCULATION CORRECTIONS TO TOTAL BID AMOUNT SUBMITTED BY CONTRACTOR BASED ON CALCULATED BID AMOUNTBID RANKINGSUBCONTRACTOR % AND AMOUNT SHOWN IN THE BIDGRAND TOTAL BID AMOUNT INDICATED BY BIDDERTOTAL ADDITIVE ALTERNATE A AMOUNT CALCULATED BASED ON UNIT PRICESTOTAL BASE BID PLUS ADDITIVE ALTERNATE A AMOUNT CALCULATED BASED ON UNIT PRICES1. BID TABULATION Bid Item and Description

BID TABULATION

ENGINEER'S ESTIMATEENGINEER'S ESTIMATE
PROJECT NAME: CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402 LEONIDA BUILDERS, INC.

YES YES YES YES YES YES YES YES
KALBAN, INC. FS CONTRACTORS, INC. TVR CONSTRUCTION
Apparent Low Bidder 1
SAVI CONSTRUCTION, INC.

YES

TOTAL BASE BID AMOUNT CALCULATED BASED ON UNIT PRICES
WE R BUILDERSGENTRY BROTHERS, INC. CT&T CONCRETE PAVING, INC.

BASE BID SCHEDULE ATOTAL BASE BID SCHEDULE A AMOUNT IN NUMBERS:ADDITIVE ALTERNATE BID SCHEDULE ATOTAL ADDITIVE ALTERNATE A AMOUNT IN NUMBERS:TOTAL BID AMOUNT (BID SCHEDULE A+ADDITIVE ALTERNATE BID SCHEDULE A)The award of Contract is based on this amount.

L:\ENGINEERING\CIP 25-26\1402-FY25-26 CDBG Curb Improvements Project\900 - Advertisement\940 - Bid Analysis\01. SAVI\01 Bid Analysis, GLE, CDBG CURB RAMP FY25-26BID TABULATION 1 of 6 Qty Unit
1 Mobilization & De-Mobilization 1 LS2 Traffic Control 1 LS3 Remove existing concrete improvements and construct curb ramp perSPPWC STD. Plan 111-5. Install ADA-compliant truncated domes onnewly constructed curb ramps. 26 EA
4 Remove & replace 4" thick PCC sidewalk per City of Glendora SD&S 1.02 8,000 SF5 Grind existing sidewalk joint flush with adjoining panels 100 EA6 Install ADA-compliant truncated domes on existing curb ramps. 9 EA ADD A.1 Remove and replace existing curb ramps per SPPWC STD. Plan 111-5. Install ADA-compliant truncated domes on newly constructed curb ramps 5 EA SUBCONTRACTORSIS THE BIDDER QUALIFIED BASED ON REFERENCE PROJECTSCALCULATION CORRECTIONS TO TOTAL BID AMOUNT SUBMITTED BY CONTRACTOR BASED ON CALCULATED BID AMOUNTBID RANKINGSUBCONTRACTOR % AND AMOUNT SHOWN IN THE BIDGRAND TOTAL BID AMOUNT INDICATED BY BIDDERTOTAL ADDITIVE ALTERNATE A AMOUNT CALCULATED BASED ON UNIT PRICESTOTAL BASE BID PLUS ADDITIVE ALTERNATE A AMOUNT CALCULATED BASED ON UNIT PRICES1. BID TABULATION Bid Item and Description

BID TABULATION
PROJECT NAME: CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402TOTAL BASE BID AMOUNT CALCULATED BASED ON UNIT PRICESBASE BID SCHEDULE ATOTAL BASE BID SCHEDULE A AMOUNT IN NUMBERS:ADDITIVE ALTERNATE BID SCHEDULE ATOTAL ADDITIVE ALTERNATE A AMOUNT IN NUMBERS:TOTAL BID AMOUNT (BID SCHEDULE A+ADDITIVE ALTERNATE BID SCHEDULE A)The award of Contract is based on this amount.

Unit Price Total Price Unit Price Total Price Unit Price Total Price $25,000.00 $25,000.00 $20,000.00 $20,000.00 $14,263.64 $14,263.64 $2,000.00 $38,000.00 $25,000.00 $25,000.00 $27,000.00 $27,000.00 $13,445.45 $13,445.45 $2,000.00 $27,000.00 $8,500.00 $221,000.00 $9,500.00 $247,000.00 $7,118.18 $185,072.73 $4,300.00 $9,500.00 $16.00 $128,000.00 $22.00 $176,000.00 $13.84 $110,690.91 $8.00 $22.00 $20.00 $2,000.00 $30.00 $3,000.00 $28.55 $2,854.55 $10.00 $45.00 $600.00 $5,400.00 $3,500.00 $31,500.00 $1,015.00 $9,135.00 $450.00 $3,500.00 $406,400.00 $504,500.00 $335,462.27 $78,067.00
$8,500.00 $42,500.00 $9,600.00 $48,000.00 $7,090.91 $35,454.55 $4,500.00 $9,600.00 $42,500.00 $48,000.00 $35,454.55 $9,600.00
$448,900.00 $552,500.00 $370,916.82 $87,667.00
Apparent Low
Bidder 10
Apparent Low
Bidder 11
$406,400.00 $504,500.00
$42,500.00 $48,000.00
$448,900.00 $552,500.00$448,900.00 $552,500.00
$0.00 $0.00
0% $0.00 0% $0.00
TOTAL $0.00 TOTAL $0.00

HIGHEST

UNIT BID
PRICE

AVERAGE BID VALUES LOWEST

UNIT BID
PRICE
Apparent Low Bidder 10 Apparent Low Bidder 11
VAN ENGINEERING, INC. ENVIRONMENTAL CONSTRUCTION, INC.

YES YES
L:\ENGINEERING\CIP 25-26\1402-FY25-26 CDBG Curb Improvements Project\900 - Advertisement\940 - Bid Analysis\01. SAVI\01 Bid Analysis, GLE, CDBG CURB RAMP FY25-26BID TABULATION 2 of 6 APPARENT LOW BID AMOUNT: $227,600.00
REVIEW RESULT BY DATEYES CITY CLERK 1/8/26YES RR 1/13/26N/A RR 1/12/26NO RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26YES RR 1/13/26$0.00 RR 1/12/2650.00% RR 1/12/26100.00% RR 1/12/26YES RR 1/12/2650.00% RR 1/12/260.00% RR 1/12/26YES RR 1/12/26 PRIME CONTRACTOR LICENSE STATUS: SAVI CONSTRUCTION, INC. 1116157 RR 1/13/26BIDDER COMPLIES WITH MAX. SUB CONTRACTOR % REQUIREMENT:

Print-out from CLSB Web Page attached (http://www.cslb.ca.gov/) PRIME CONTRACTOR % CALCULATED PER BID SUBMITTAL(THIS % MUST BE EQUAL OR MORE THAN ABOVE %):BIDDER COMPLIES WITH MIN PRIME CONTRACTOR % REQUIREMENT:MAX ALLOWABLE SUBCONTRACTOR PERCENT PER SPECIFICATIONS:SUB CONTRACTOR % CALCULATED PER BID SUBMITTAL(THIS % MUST BE EQUAL OR LESS THAN ABOVE %):

ANY APPARENT DISCREPANCY IN THE SUBMITTAL:

EQUAL EMPLOYMENT OPPORTUNITY Minor error: did not include bidded contract amount on document.FEDERAL LOBBYIST CERTIFICATION FOR FEDERAL AID CONTRACTS Minor error: did not include bidded contract amount on document.SUBCONTRACTOR AMOUNT:NON-SEGREGATED FACILITIES CERTIFICATION Minor error: did not include bidded contract amount on document. SECTION 3 ACKNOWLEDGEMENT & COMPLIANCE STATEMENT SECTION 3 WORKER SELF-CERTIFICATIONSECTION 3 EMPLOYER CERTIFICATIONSECTION 3 BUSINESS CONCERN CERTIFICATIONTOTAL BID PRICES CALCULATED CORRECTLY:BID STAMPED AS RECEIVED PRIOR BID TIME:BID BOND IN PROPER AMOUNT:

ADDENDA ACKNOWLEDGEMENT: No addenda for this project. 2. REVIEW OF APPARENT LOW BID APPARENT LOW BID SUBMITTED BY: SAVI CONSTRUCTION, INC. ITEM REVIEWED/CHECKED REMARKS WORKER'S COMPENSATION CERTIFICATIONLIST OF PROPOSED SUB-CONTRACTORSCERTIFICATION OF UNDERTANDING & AUTHORIZATIONPAST PERFORMANCE CERTIFICATION Minor error: did not include number of employees.

MINORITY & WOMEN'S BUSINESS ENTERPRISE COMPLIANCE PLANMIN PRIME CONTRACTOR % REQUIREMENT FOR WORK PER SPECIFICATIONS:

L:\ENGINEERING\CIP 25-26\1402-FY25-26 CDBG Curb Improvements Project\900 - Advertisement\940 - Bid Analysis\01. SAVI\01 Bid Analysis, GLE, CDBG CURB RAMP FY25-26REVIEW OF APPARENT LOW BID 3 of 6 PRIME CONTRACTOR DIR REGISTRATION STATUS: SAVI CONSTRUCTION, INC. 2000001284 RR 1/13/26 PRIME CONTRACTOR DEBARMENT STATUS FROM STATE CONTRACTS: SAVI CONSTRUCTION, INC. NOT ON STATE DEBARRED LIST RR 1/13/26 PRIME CONTRACTOR DEBARMENT STATUS FROM FEDERAL CONTRACTS: SAVI CONSTRUCTION, INC. NOT ON FEDERAL DEBARRED LIST RR 1/13/26 YES RR 1/13/26
Print-out from DIR Web Page attached(https://cadir.my.salesforce-sites.com/ContractorSearch?) REFERENCE CHECK ACCEPTABLE: See Reference Check
Print-out from DIR Web Page attached (http://www.dir.ca.gov/dlse/debar.html)Print-out from SAM Web Page attached (https://www.sam.gov/SAM/) L:\ENGINEERING\CIP 25-26\1402-FY25-26 CDBG Curb Improvements Project\900 - Advertisement\940 - Bid Analysis\01. SAVI\01 Bid Analysis, GLE, CDBG CURB RAMP FY25-26REVIEW OF APPARENT LOW BID 4 of 6

REFERENCE PROJECT OWNER

CONTACT & TELEPHONE
AMOUNT

DATE COMPLETED

DID THE CONTRACTOR DO

QUALITY WORK

DID THE CONTRACTOR STAY ON

SCHEDULE

DID THE CONTRACTOR ASK FOR

UNNECESSARY CHANGE
ORDERS

DID THE CONTRACTOR FILE

CLAIMS AGAINST YOU

WILL YOU HIRE THE

CONTRACTOR AGAIN REMARKS
On-Call Concrete Maintenance City of La Quinta David Eastlick (760) 668-0710 $125,000.00 Sep-25 YES YES NO NO YES City has the Contractor on a multi-year contract, and they are very communicative. RR 1/13/2026 ADA Ramps Construction Project City of Laguna Niguel Angel Fuertes, PE (949) 212-6990 $160,000.00 Aug-25 N/A N/A N/A N/A N/A Called on 1/13 & left a voicemail. Called on 1/14 & left a voicemail. RR 1/14/2026 ADA Ramps Construction Project City of Aliso Viejo Quang Le, PE (949) 425-2531 $248,800.00 Jul-25 YES YES NO NO YES Called on 1/14 and reference answered all questions. No additional comments. RR 1/14/2026

3. REFERENCE CHECK OF APPARENT LOW BIDDER

REFERENCE CHECK FOR APPARENT LOW BIDDER

CHECKED BY
DATE
Answer "YES" if satisfied or "NO" if not satisfied

REFERENCE DATA FOR APPARENT LOW BIDDER
SAVI CONSTRUCTION, INC.

L:\ENGINEERING\CIP 25-26\1402-FY25-26 CDBG Curb Improvements Project\900 - Advertisement\940 - Bid Analysis\01. SAVI\01 Bid Analysis, GLE, CDBG CURB RAMP FY25-26REF CHECK 5 of 6 SAVI CONSTRUCTION, INC.
$227,600.00

4. LOWEST RESPONSIVE BID
LOWEST RESPONSIVE BID SUBMITTED BY: IN THE AMOUNT OF:

L:\ENGINEERING\CIP 25-26\1402-FY25-26 CDBG Curb Improvements Project\900 - Advertisement\940 - Bid Analysis\01. SAVI\01 Bid Analysis, GLE, CDBG CURB RAMP FY25-26LOWEST RESPONSIVE BID 6 of 6 Data current as of 1/13/2026 3:45:13 PM
Home | Online Services | License Details
Contractor's License Detail for License #
1116157
DISCLAIMER: A license status check provides information taken from the CSLB license database. Before relying on this information, you should be aware of the following limitations.

Business Information

SAVI CONSTRUCTION INC
6725 BIRMINGHAM DR
CHINO, CA 91710
Business Phone Number:(909) 342-6119
Entity Corporation
Issue Date 02/07/2024
Reissue Date 04/04/2024
Expire Date 04/30/2026
License Status
This license is current and active.

All information below should be reviewed.

Classifications

A - GENERAL ENGINEERING
Bonding Information
Contractor's Bond
This license filed a Contractor's Bond with MERCHANTS BONDING COMPANY (MUTUAL) .

Bond Number: 100401942
Bond Amount: $25,000
Effective Date: 04/04/2024
Contractor's Bond History
Bond of Qualifying Individual
The qualifying individual RAMESH BACHUVALA certified that he/she owns 10 percent or more of the voting stock/membership interest of this company; therefore, the Bond of Qualifying Individual is not required.

Effective Date: 04/04/2024
Workers' Compensation
This license has workers compensation insurance with the ENDURANCE ASSURANCE

CORPORATION
Policy Number:EAW00002031
Effective Date: 08/15/2025
Expire Date: 08/15/2026
Workers' Compensation History
CSLB complaint disclosure is restricted by law ( B&P 7124.6 ) If this entity is subject to public complaint disclosure click on link that will appear below for more information. Click here for a definition of disclosable actions. 
 Only construction related civil judgments reported to CSLB are disclosed ( B&P 7071.17 ).  Arbitrations are not listed unless the contractor fails to comply with the terms.  Due to workload, there may be relevant information that has not yet been entered into the board's license database.

Copyright © 2026 State of California
Miscellaneous Information
 04/04/2024 - LICENSE REISSUED TO ANOTHER ENTITY
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Home  Customer Account Lookup  2000001284 - SAVI Construction Inc 2000001284 - SAVI Construction Inc
Customer Account Lookup
PWCR
2000001284
Contractor Status
CSLB
1116157
Business Phone
8058893547
Ext
DIR Approved
1/13/26, 3:46 PM 2000001284 - SAVI Construction Inc
https://services.dir.ca.gov/gsp?id=dir_public_form&table=x_cdoi2_csm_portal_customer_account_lookup&sys_id=1ce2b663978b8e1059bd323de053af33&view=public 1/4 Address
Registration Start Date
2025-07-01
Legal Entity Name
SAVI Construction Inc
Doing Business As (DBA)
Business Structure
President
Ramesh Bachuvala
Email
[email protected]
Registration End Date
2026-06-30
-- None --
Crafts
General Engineering
1/13/26, 3:46 PM 2000001284 - SAVI Construction Inc
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6725 Birmingham Dr
Mailing Address - City
Chino
Mailing Address - State
CA
Mailing Address - Zip
91710
Mailing Address - Country
United States
Physical Address
Physical Address - City
Physical Address - State
Physical Address - Zip
1/13/26, 3:46 PM 2000001284 - SAVI Construction Inc
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Registration Dates 2
Physical Address - Country
Terms &
Conditions
Privacy
Policy
Disclaimer Nondiscrimination
Notice
Accessibility dir.ca.gov
Copyright 2024 State of California
1/13/26, 3:46 PM 2000001284 - SAVI Construction Inc
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The following is a list of contractors barred from bidding on, accepting, or performing any public works contracts, either as a contractor or subcontractor. Please refer to the “Period of Debarment” for status of debarment period as noted below:

As part of your due diligence, we suggest that you also check:

Contractor status at the Contractors State License Board (CSLB) The Federal debarment list at the Excluded Parties List System Name of contractor Period of debarment
MILES CONSTRUCTION GROUP, INC., a
California Corporation; COLTON JAMES
WHITE, an individual and in his capacity as
Chief Executive Officer and Responsible
Managing Employee of MILES
CONSTRUCTION GROUP, INC.

CSLB License Number: 976339.
7/23/2025 through 7/23/2028
Decision 40-63204 

UNIQUE CONSTRUCTION &
DEVELOPMENT, INC.; CHONG GIL LEE, an
individual and CEO of UNIQUE
CONSTRUCTION & DEVELOPMENT, INC.;
and JAMES LEE, an individual and CFO of

UNIQUE CONSTRUCTION &
DEVELOPMENT, INC.

CSLB License Number: 830772.
7/1/2025 through 7/1/2028
Decision 40-76516-977 
MICHAEL FLOORING, INC.;

BENNY MICHAEL
CSLB License Number: 874947
9/13/24 through 9/13/27
Decision SC 7278 
The debarment order is currently
stayed by order of the Kern County


How can we
help you
today?
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 1/13

NOT LISTED ON STATE

DEBARMENT LIST
Superior Court
TOBO CONSTRUCTION, INC.;
JIMI WAN CHAE; MONICA SHIUN OH;

KYUNG JIN YOON,
CSLB License Number: 758012
5/10/2023 through 5/10/2026
Decision SC 7250 
G M Climate Control, Inc.

CSLB License Number: 967267
3/2/2023 through 9/2/2024
Decision 40-71536-603 

MINAKO AMERICA CORPORATION DBA MINCO
CONSTRUCTION;

AND REFAAT HILMAY MINA,
CSLB License Number: 612429
9/27/2021 through 9/26/2022
Decision LB 6333 
GRFCO, INC. DBA ONSITE KRUSHING;
GARCIA JUAREZ CONSTRUCTION, INC.;
GEORGE ROBERT FROST; AND JAMES CRAIG

JACKSON
CSLB License Number: 291013 and 84801
5/21/2021 through 5/20/2024
Decision LB 6629 
ECS CONTRACTORS, INC. dba ECS ELECTRIC, INC.;
UMAR KHALID RANA, an indvidual and CEO/RMO of
ECS CONTRACTORS, INC.; and KANWAL SAJJAD
RANA, an indvidual and RMO of ECS CONTRACTORS,
INC.

CSLB License Number: 975222
3/1/2020 through 3/1/2023
Decision LB 5590 
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 2/13
Avi Shechter, Individually
DBA Avi Shechter
CSLB Number: 908891 and 1018353
5/6/2019 through 5/5/2022
Decision LB 6328 
Patrick Kim, Individually
DBA Ritecon Plumbing
CSLB Number: 991018
8/21/2018 through 8/20/2019
Decision LB 6762 
Bighorn Construction, Inc.

CSLB Number: 597866
5/5/2018 through 5/4/2021
Decision LB 6658 
Doug Parks, Individually dba
Doug Parks and Son Plumbing
CSLB Number: 411825
10/11/2017 through 10/10/2019
Decision SC 5807 
Worthington Construction, Inc.;
Dale Worthington, an individual and CEO/RMO of
Worthington Construction, Inc.; and,
Holi Jeanne Worthington, an individual and Officer of
Worthington Construction
CSLB Number: 714836
6/15/2018 through 9/16/2019
Decision LB 5267 
RMV Construction, Inc., A California Corporation; and
Robert
Michael Vasil II a.k.a. Robert Michael Vasil a.k.a.

Mike Vasil, an Individual and CEO/RMO President of
RMV
Construction, Inc.

CSLB Number: 892389
4/1/2017 through 8/18/2018
Decision LB 5266 
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 3/13
Gewargis Youkhanis Narso, an individual dba
GEHVAC and Technologies, a sole proprietorship,
And GEHVAC Co., a sole proprietorship
CSLB Number: 899312 and 1013848
2/1/2017 through 1/31/2020
Decision 40-48480-516 
Joseph Brothers Enterprise, Inc.; Ken Joseph
Individually and as CEO
CSLB Number: 849169
4/3/2018 through 10/3/2019
Decision SC 6390 
Dave Cook Concrete Construction, Inc., and David
William Cook
34231 Camino Capistrano #102
Capistrano Beach, CA 92624-1189
CSLB Number: 461897
3/1/2017 through 2/29/2020
Decision LB 6207 
Bannaoun Engineers Constructors Corporation; Omar
Maloof, An Individual
P.O. Box 16599
Beverly Hills, CA 90209-2599
CSLB Number: 827829
05/12/17 through 05/11/20
Decision SC 5517 
Evans Roofing Co., Inc.
2020 South Yale Street
Santa Ana, CA 92706
CSLB Number: 610549
10/31/16 through 10/30/19
Decision LB 6270 
Guillermo Ibaibarriaga dba Sierra Nevada Stucco and
2K Roofing
Sierra Nevada Stucco
P.O. Box 8472
Reno, NV 89502
CSLB Number: 915812
05/14/17 through 05/13/20
Decision SC 6037 
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 4/13
2K Roofing
820 Kuenzli Street
Reno, NV 89502
CSLB Number: 954551
Del Norte Construction, And Trinidad Manuel Canales,
an Individual
PO Box 5101
Oxnard, CA 93030
5020 Wooley Rd.

Oxnard, CA 93030
CSLB Number: #945723
6/01/16 through 5/31/17
Decision LB 5533 
Diversified Building & Electric Company, Inc.
409 Tennant Station
Morgan Hill, CA 95037
Denis Andrew Maris, Individually and Doing Business as
Diversified Electric Company
CSLB Number: #765312
2/15/16 through 8/15/17
Decision SC 5714 
Fast Demolition, Inc.
601-C East Palomar Street #123
Chula Vista, CA 91911
CSLB Number: #792729
Rogelio Medina Vazquez., an individual and in his
capacity as Responsible Managing Officer of FAST
DEMOLITION, INC.
4/1/44 through 3/31/47
Decision LB5742 
4/1/41 through 3/31/44
Decision LB5665 
4/1/36 through 3/31/39
Decision LB5740 
4/1/33 through 3/31/37
Decision LB5651 
4/1/33 through 3/31/37
Decision LB5739 
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 5/13
4/1/24 through 3/31/27
Decision LB5741 
4/1/30 through 3/31/33
Decision LB5743 
4/1/27 through 3/31/30
Decision LB5666 
4/1/21 through 3/31/24
Decision LB5667 
4/1/18 through 3/31/21
Decision LB5668 
4/01/15 through 3/31/18
Decision LB5345 
Amerivet Plumbing, Inc.; Walter Edward Jacob
Kuhlmann III, Individually And dba Amerivet Plumbing
Services
CSLB Number: #969048 and #919761
8/6/15 through 8/5/18
Decision SC 5756 
Ultimate Inc., And, Enrique Vera, an Individual
PO Box 571117
Tarzana, CA 91356-1117
CSLB Number: #949229
12/1/15 through 11/30/18
Decision LB 5655 & LBS659 
Travioli Construction, Inc.

PO Box 231
Visalia, CA 93274
CSLB Number: #936832
9/11/15 through 3/10/17
Decision SC 5800 
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 6/13
Integrity Sheet Metal, Inc.
319 McArthur Way
Upland, CA 91786
CSLB #726770
William Ben Hicks, an individual;
Margaret Mary Hicks, an individual
2/01/15 through 1/31/18
Decision LB 5596 
L A Builders, Inc., a California Corporation
15635 Saticoy Street, #H
Van Nuys, CA 91406
CSLB #748591
Alon Gamliel, an individual
2/01/15 through 1/31/18
Decision LB5 171 
USA Wall Systems, Inc.
8309 Sunshine Lane
Riverside, CA 92508
CSLB #929610
Edward Eugene Brammer, an individual
and in his capacity as President/CEO/RMO
4/01/15 through 3/31/18
Decision LB 5323 
Daughter Construction
formerly dba Hy Carpentry Construction
15407 Thornlake Avenue
Norwalk, CA 90650
CSLB #979297
Sharon Jin Yoo, an individual;
Dae Hyun Yoo, an individual
and in his capacity as manager/supervisor for Sharon
Jin Yoo and in his capacity as General Partner for HY
Construction, a General Partnership.
4/01/15 through 3/31/18
Decision LB 5466, LB5467, LB5468
& LB5520 
RDA Construction, Inc.
1692 W. Bullard Ave.,
12/15/14 through 12/14/16
Decision 40-40508-522 & 44-
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 7/13
Fresno, CA 93711
CSLB# 383306
40509-522 
Titan Electrical Construction, Inc.

Lucas Oliver Stickney, an individual
Jamie Noel Furr, an individual
630 Natoma Street
San Francisco, CA 94103
CSLB# 919516
11/3/14 through 11/2/17
Decision SC 5539 
Ramos Painting
Carlos Ray Ramos, an individual
P.O. Box 3871
Paso Robles, CA 93447
CSLB# 753575
11/3/14 through 11/2/15
Decision SC 5518 
Dick Emard Electric.
dba Emard Electric Luke Richard Emard, an individual
and RMO
5930 Key Court, Suite A
Loomis, CA 95650
CSLB# 794007
11/3/14 thorough 11/2/17
Decision SC 5521 
Nixon Electric
Gordon Fulton Nixon, an individual
5624 Faust Ave.

Woodland Hills, CA 91367
CSLB# 796802
8/1/14 through 7/31/17
Decision LB 4495 
Neris General Contractors, a California Corporation
Efren Neri, an individual
Servando Neri, an individual
Rebeca Neri, an individual
Luis Abelardo Castro, an individual
6087 California Ave.

Long Beach, CA 90805
CSLB# 797967
2/28/14 through 2/27/17
Decision LB 4511, LB4512 &
LB4521 
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 8/13
Southland Construction
Reza Mohammedi, an individual
3943 Irvine Blvd., #405, Irvine, CA 92602
CSLB# 663784 (expired)
10/14/14 through 10/13/17
Decision SAC 5492 
National Drywall Corporation,
A Dissolved California Corporation
603 S. Milliken Avenue, Suite F
Ontario, CA 91761
CSLB #834335
Miguel Contreras, an Individual and
Responsible Managing Officer/CEO/President
Dora Maria Contreras, an Individual and
Agent/Officer of the Corporation
8/4/14 through 8/3/17
Decision SAC 5506 
Tadros & Youssef Construction, Inc.

Kamel Shaker Tadros & Makram Youssef Youssef,
Individually
1221 E 8th Street, Unit A, Upland, CA 91786
CSLB# 698182 (expired)
5/10/14 through 5/9/17
Decision SAC 5308 
Serenity Fire Protection
417 S. Associated Road, Brea, CA 92821
CSLB# 902927
5/1/14 through 4/30/17
Decision LB 4202 
Don Kelly Construction , Inc.

Don Kelly, Individual and Lisa Kelly, Individual
171 Northview Ridge Lane, P.O. Box 10760, Bozeman, MT
59719
3/25/14 through 3/24/17
Decision LB 4484 
Aldan, Inc.

P.O. Box 9428, Brea, CA 92822
2/28/14 through 2/27/17
Decision LB5175 
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 9/13
CSLB #949229
Russell/Thompson, Inc.

James Jean Russell & Valery Alena Thompson,
Individually
4684 Oak Glen Dr., Redding, CA 96001
CSLB# 915036 (revoked)
10/31/13 through 10/31/16
Decision SC 5309 
Ayodejia A. Ogundare, Individual
Dba Pacific Engineering Company
6310 Stewart Way, Bakersfield, CA 93308
CLSB#710322
5/15/2013 through 5/15/2014
Decision SAC 1039 
Wallcrete Industries, Inc.; Garit David
Wallace and Amber Anderson, Individuals
400 Kansas, Redlands, CA 92373
CSLB#834220
7/29/12 through 7/28/15
Decision SAC 5175 
FEI Enterprises, Inc
Gabriel Fedida, Individual
5749 Venice Blvd., Los Angeles,  CA 90019
CSLB#659252
6/14/12 through 6/13/15
Decision SC 5198 
Jeffrey Alan Mott and Michelle Mott, individuals
Dda Integrity Landscape
3756 Independence Avenue
Sanger, CA 93637
CSLB#774222
3/29/12 through 3/28/15
Decision SC 5160 
Jensen Drywall & Stucco
Jeffrey E. Jensen
3714 Lynda Place
3/31/11 through 3/30/13
Decision SC 5095 
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 10/13
National City, CA 91950-8121
CSB # 664168 Exp. 2/18/11 (expired)
All West Construction, Inc.

Donald Kent Russell
495 N. Marks Ave.

Fresno, CA 93706
CSB # 592321 Exp. 4/3/12 (suspended)
3/31/11 through 3/30/13
Decision se 5013 
Country Builders, Inc.

Weldon Offill, individually
5915 Graham Ct.

Livermore, CA 94550
CSB # 699574 Exp. 11/30/12 (active)
3/1/11 through 2/28/14
Decision SC 5053 
Addendum SC 5053 
Sutter Foam & Coating, Inc.
909 A. George Washington
Yuba City, CA 95993
CSB # 732014 Exp. 1/31/09 (inactive)
David Alvin Trexler, an individual
909 A. George Washington
Yuba City, CA 95993
Kenneth A. Trexler, an individual
2603 Lago Lane
Marysville, CA 95901
7/1/10 through 6/30/13
Decision SAC 5012 
Soo Dong Kim, an individual,
dba Soo Kim Electric Company
16224 Ridgeview Lane
La Mirada, CA 90638
CSB # 568103 Exp. 8/1/09 (inactive)
Hyo Nam Jung, an individual,
dba Lucid Electric
18621 Well Street
4/19/10 through 4/18/13
Decision SAC 1064 
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 11/13
Rowland Heights, CA 91748
CSB # 914692 Exp. 4/3/10
Southwest Grading,
dba Southwest Grading Services, Inc.,
22031 Waite Street
Wildomar, CA  92595
David Walter Cholewinski, an individual
22031 Waite Street
Wildomar, A 92595
29970 Technology Drive, Ste. 205
Murrieta, CA  92563
CSB #840416  Exp. 6/30/10
3/18/10 through 3/17/13
Decision SAC 1058 
S.J. Cimino Electric, Inc., a California corporation,
3267 Dutton Ave.

Santa Rosa, CA 95404
Salvatore Joseph Cimino, RMO, CEO and President of
S.J. Cimino Electric, Inc. and sole owner of S.J. Cimino Electric, an individual
5825 Heights Rd.

Santa Rosa, CA 95401
CSB #343802 Exp. 2/28/10
CSB #294141 Exp. 9/30/13 (inactive)
10/15/09 through 10/14/12
Decision SAC 1052 
Cedar Development Corporation
Serghon Gabriel Afram, individually
12477 Feather Dr
Mira Loma, CA 91752
CSB # 839898 Exp. 6/30/10 (suspended)
8/5/09 through 8/4/12
Decision SAC 1042 
All Floors Commercial and Residential Flooring, Inc.

Salvador Elias Perea, individually
750 E. McGlincy Lane, #103
Campbell, CA 95008
CSB #430969 Exp. 7/31/09
5/14/09 through 5/13/12
Decision SAC 1040 
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 12/13
1-AMD Construction, Inc.

Alberto Mordoki, individually
Mirella Mordoki, individually
5300 Beach Blvd., Suite 110-416
Buena Park, CA 90621
CSB #787533, revoked
3/16/09 through 3/15/12
Decision SAC1037 
Updated: July 2025
1/13/26, 3:47 PM Public Works
https://www.dir.ca.gov/dlse/debar.html 13/13
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https://sam.gov/search/?index=ex&page=1&pageSize=25&sort=-relevance&sfm%5BsimpleSearch%5D%5BkeywordTags%5D%5B0%5D%5Bvalue%5… 2/2 Revised 09/2025
BID PROPOSAL (Part 1)

SECTION III

CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402

BID PROPOSAL
WORK IDENTIFICATION: CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025- 2026, PLAN NO. 1402.

NAME OF BIDDER:

CA. CONTRACTOR'S LICENSE:

No. Class Termination Date
PWC REGISTRATION (DIR):

No. City Expiration Date

1. Proposal
(a) Bidder has examined copies of all the Contract Documents, including without limitation the Agreement wherein each of the other Contract Documents is identified, and accepts all the terms and conditions thereof. (b) Bidder proposes and agrees, if this bid is accepted, to enter into an agreement with City in the form included in the Contract Documents to complete all work as specified in the Agreement for the contract price and within the contract time indicated in this bid and in accordance with the Contract Documents. (c) This bid will remain open and not be withdrawn for the period specified in the Instructions to Bidders. If awarded the bid, bidder will sign the Agreement and submit the bonds, certificates and other documents required by the Contract Documents within fifteen (15) days after the date of the award of the contract by the City Council.
(d) Bidder has examined the site and locality where the work is to be performed and the legal requirements and conditions affecting the cost, progress and performance of the work in strict accordance with the Contract Documents.
(e) Bidder has included page 5 of 10 of the General Conditions initialed by the contractor at paragraph 4.03 Liquidated Damages.

2. Bid
Bidder agrees to construct and complete, ready for use, all work as required and made necessary by the Contract Documents for the sum of
dollars ($ ).

If the Contract Documents include a Unit Price List, Bidder acknowledges that the total bid sum shown in this paragraph 2 and the estimated quantities and amounts shown on the Unit Price List are for purposes of comparison of bids only. Bidder also acknowledges that the City does not expressly or by implication agree that the actual amount of work shall correspond therewith, but reserves the right to increase or decrease the amount of any class or portion of the work as may be deemed necessary or expedient by the Engineer and that final payment shall be made at the unit prices bid, upon the basis of actual measured quantities as the same may be finally determined by the City Engineer.

Bidder acknowledges that the total bid sum shown in this paragraph 2, and all sums shown on any Unit Price List attached hereto, includes (i) all labor, materials, tools, equipment and services and all taxes, insurance, other general expenses, overhead and profit and (ii) all trenching, backfilling, grading, excavation and fill, resurfacing of every character, grubbing and clearing and removal of all obstructions necessary for the doing of the work, the preservation of existing structures, shrubs, and trees, where required, and the shoring, bridging and bracing required and incident to the doing of the work, together with all fittings and joints, of every SAVI Construction Inc. 1116157
A
04/30/2026 2000001284 Chino 06/30/2026 Two hundred twenty-seven thousand six hundred dollars $227.600 Revised 09/2025
BID PROPOSAL (Part 1)

SECTION III

CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402 character, connected in place, area clean-up, traffic protection, and the reconstruction and severances required in the doing of the work.

3. Schedule
Bidder understands that early completion is important to the City. Therefore, time being of the essence, bidder proposes that the work will be commenced and will be completed within the time specified in Article 13 of the Instruction to Bidders.

4. Addenda
Bidder acknowledges receipt of Addenda identified as:

5. Bidder Information
(a) Bidder has years of experience as a contractor in construction work. (b) Bidder has recently completed the three (3) following construction works:

Contract Class Date
Amount of Work Completed Name & Address of Owner

6. Designation of Subcontractors
In compliance with the Subletting and Subcontracting Fair Practices Act, Public Contract Code Section 4100 et seq., listed below is each subcontractor who will perform work or labor or render service to the bidder in or about the construction of the work or will specifically fabricate and install a portion of the work in an amount in excess of one half of one (0.5%) percent of the total bid.

In the case of bids or offers for the construction of streets or highways, including bridges, listed below is each subcontractor who will perform work or labor or render service to the bidder in or about the construction of the work or will specifically fabricate and install a portion of the work in an amount in excess of one half of one percent (0.5%) of the prime contractor's total bid or ten thousand dollars ($10,000), whichever is greater.

Also listed below is the portion of the work which will be done by each subcontractor. (List only one subcontractor for each portion of the work as defined by the bidder in this bid.) [P.C.C. Section 4100 et seq.,] Portion
Subcontractor Location of work of work
Name & PWC registration #
2 $248,800 ADA Ramps July 2025
Quang Le, P.E. - City of Aliso Viejo, California
949-425-2531
On call Concrete
$125,000 Maintenance
September 2025
City of La Quinta
David Eastlick 760.668.0710
City of Laguna Niguel, CA $160,000 ADA Ramps Angel Fuertes, PE, 949-212-6990 July - Aug 2025

NA NA NA NA
Revised 09/2025
BID PROPOSAL (Part 1)

SECTION III

CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402

7. Attachments
The following documents, signed in accordance with Article 12 of the Instructions to Bidders, are attached to, and made a part of, this bid:
(a) Non Collusion Affidavit, as required by Public Contract Code Section 7106 and made a part of this Bid Proposal at page 5
(b) Required Bid Security in the form of
(c) Unit Price List
(d) Page 5 of the General Conditions initialed by the Contractor at Paragraph 4.03 Liquidated Damages (e) Federally Required CDBG Forms
(f) Full Section 3 Forms Packet & Acknowledgement
Dated this day of , 20___.

IF BIDDER IS:

An Individual
By ,
(Individual's Name)
doing business as
Business address:

Phone No.: ( )
A Partnership
(Firm Name)
By
(General Partner) (Title)
Business address:

Phone No.: ( )
5th January 25 NA NA

Revised 09/2025
BID PROPOSAL (Part 1)

SECTION III

CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402

NONCOLLUSION AFFIDAVIT TO BE EXECUTED BY BIDDER AND

SUBMITTED WITH BID
State of California
ss.

County of Los Angeles
, being first duly sworn, deposes and says that he or she is of , the party making the
foregoing bid, that the bid is not made in the interest of, or on behalf of, any undisclosed person, partnership, company, association, organization, or corporation; that the bid is genuine and not collusive or sham; that the bidder has not directly or indirectly induced or solicited any other bidder to put in a false or sham bid, and has not directly or indirectly colluded, conspired, connived, or agreed with any bidder or anyone else to put in a sham bid, or that anyone shall refrain from bidding; that the bidder has not in any manner, directly or indirectly, by agreement, communication, or conference with anyone to fix the bid price of the bidder or any other bidder, or to fix any overhead, profit, or cost element of the bid price, or of that of any other bidder, or to secure any advantage against the public body awarding the contract of anyone interested in the proposed contract; that all statements contained in the bid are true; and, further, that the bidder has not, directly or indirectly, submitted his or her bid price or any breakdown thereof, or the contents thereof, or divulged information or data relative thereto, or paid, and will not pay, any fee to any corporation, partnership, company association, organization, bid depository, or to any member or agent thereof to effectuate a collusive or sham bid.
[P.C.C. Section 7106]
End Section III - Proposal (Part 1)
Ramesh Bachuvala President SAVI Construction Inc.

Revised 09/2025
PROPOSAL (Part 2 - Unit Price List)

SECTION III

CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402 Unit Price List
WORK IDENTIFICATION: CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, Plan No. 1402.

NAME OF BIDDER:

ADDRESS: PHONE NO:

CA. CONTRACTOR’S LICENSE:

No. Class Termination Date
PWC REGISTRATION (D.I.R.)
No. City Expiration Date
Bid Schedule:

Item Description Quantity Unit Unit Price Total Price
1 Mobilization & De-Mobilization 1 LS. $ $
2 Traffic Control 1 LS. $ $
3 Remove existing concrete improvements
and construct curb ramp per SPPWC STD.

Plan 111-5. Install ADA-compliant truncated
domes on newly constructed curb ramps. *
26 EA. $ $
4 Remove & replace 4" thick PCC sidewalk
per City of Glendora SD&S 1.02.**
8,000 SF. $ $
5 Grind existing sidewalk joint flush with
adjoining panels. **
100 LF. $ $
6 Install ADA-compliant truncated domes on
existing curb ramps. 9 EA. $ $
A.1
Remove and replace existing curb ramps
per SPPWC STD. Plan 111-5. Install ADAcompliant truncated domes on newly constructed curb ramps.*
5 EA. $ $
* Curb ramp type to be determined in the field.
** The City Engineer, or their representative, will walk the project site with the Contractor to determine final locations & quantities.

GRAND TOTAL PROJECT BID COST: $ _________________

In Words
The City has the option to reject all bids with or without cause. The City also has the option to remove bid items at its discretion. If the City chooses to remove bid items, no bid price adjustment will be allowed.

SAVI Construction Inc. 6725 Birmingham Dr, Chino, CA 91710 805 889-3547 1116157 A 04/30/2026 2000001284 Chino 06/30/2026 2,000 2,000 4,300 1030700 4,500 2,000 2,000 111,800 80,000 3,000 6,300 22,500 227,600 Two hundred twenty-seven thousand six hundred dollars
Revised 09/2025
PROPOSAL (Part 2 - Unit Price List)

SECTION III

CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402 (Bidder)
By:
(Signature) (Date)
(Title)
NOTE:

In case of error in extension of price into
Total Price Column, the Unit Price will
govern.

SAVI Construction Inc. President 01/05/2026

FEDERAL REQUIREMENTS

SECTION XIV
CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402 SECTION 3 ACKNOWLEDGEMENT AND COMPLIANCE STATEMENT

TO BE SUBMITTED WITH BID
I acknowledge that I have received, reviewed, and understood the City of Glendora Section 3 Forms Packet, including all requirements related to Section 3 Worker certifications, Targeted Section 3 Worker certifications, Section 3 Business Concern self-certification, and the Contractor Monthly Worker Hours Report.

I understand that:
• This project is subject to Section 3 requirements under 24 CFR Part 75, as described in the attached packet.
• As the awarded contractor, I am responsible for ensuring full compliance with all Section 3 reporting, documentation, and qualitative/quantitative effort requirements. • All required worker certifications, business certifications, and monthly labor hour reports must be completed and submitted to the City of Glendora for the duration of the contract. • Failure to comply with Section 3 requirements may result in corrective action, contract impacts, or other remedies as outlined in HUD regulations and the City’s Section 3 Plan.

By signing below, I agree to comply with all Section 3 obligations applicable to this project and to ensure that subcontractors under my contract also comply with these requirements.

Contractor Name: ________________________________
Project Name: _________________________________
Authorized Representative: _______________________
Title: __________________________________________
Signature: _____________________________________
Date: _________________________________________

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FEDERAL REQUIREMENTS

SECTION XIV
CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402 EXHIBIT 15 – SECTION 3 BID DOCUMENT PACKAGE
Section 3 Business Concern Self-Certification
Instructions
Enter the information requested below and select the criteria that apply to certify your business’ Section 3 Business Concern status. The business owner or legally authorized representative must complete the Certification section.

Business Information
Name of Business:

Address of Business:

Name of Business Owner:

Phone Number of Business Owner:

Email Address of Business Owner:

Preferred Contact Information
☐ Same as above
Name of Preferred Contact:

Phone Number of Preferred Contact:

Type of Business (select from the following options):
☐ Corporation ☐ Partnership ☐ Sole Proprietorship ☐ Joint Venture Select ONE of the following three options below that applies:
☐ At least 51 percent of the business is owned and controlled by low- or very low-income persons. That owner’s individual (single person) income must be at or below the amount listed below regardless of family or household size.
2024 Individual Annual Income Limit for City of Glendora - $77,700 (Updated in April 2024 and in effect until revised)
☐ At least 51 percent of the business is owned and controlled by current public housing residents or residents who currently live in Section 8-assisted housing. ☐ Over 75 percent of the labor hours performed for the business over the prior three-month period are performed by Section 3 Workers as defined in this packet.

Section 3 Business Concern Certification
• I certify that the statements on this form are true, complete, and correct to the best of my knowledge and belief. I understand that prior to contracting the City will require submission of supporting documentation for the chosen designation. • I understand that the business must retain records related to compliance with Section 3 requirements for five years after the end of the related contract • I understand that businesses who misrepresent themselves as Section 3 business concerns and report false information to the City of Glendora may have their contracts terminated by default and be barred from ongoing and future considerations for contracting opportunities.

I hereby certify, under penalty of law, that the following information is correct to the best of my knowledge.

This certification may only be signed by the person who owns and controls at least 51% of the business or the legally authorized representative of that business owner.

Is the person certifying below the owner and controller of at least 51% of the business? ☐ Yes ☐ No
Print Name:

Title:

Signature: Date:
*Certification expires six months after the date of signature

FOR CITY ADMINISTRATIVE USE ONLY
Is the business a Section 3 business concern based upon their certification? ☐ Yes ☐ No

1. If this business is considered for contract award, did the City request documentation of the criteria chosen above? ☐ Yes ☐ No

2. Was the documentation received? ☐ Yes ☐ No

3. Was the documentation sufficient to verify that this business may be considered a Section 3 Business Concern ☐ Yes ☐ No
City Staff Name:

Signature: Date:

Section 3 Worker or Targeted Section 3 Worker
Self-Certification
Business Name:

Project Name:

City of Glendora Contract #:

To be completed by employee/applicant (choose one)
☐ I am currently employed by the business named above
☐ I am currently seeking employment with the business named above Name:

Address:

Phone Number: Email Address:

Current Employee: Your continued employment with the business named above will not be impacted by your responses in the section below.

Applicant: The business above may give preference in hiring to those applicants who, based on their responses below, are considered to be Section 3 Workers or Targeted Section 3 Workers.

Application Section 3 Certification
Please choose all that apply. You are NOT required to respond to any of the questions below.

1. Section 3 Worker: I meet one or more of the following criteria currently or when hired within the past five years (check all that apply)
☐ I am a low or very low-income resident (individual gross income for the previous annualized calendar year is at or below $77,700); or
☐ I am employed by a Section 3 Business Concern; or
☐ I am a YouthBuild participant.

2. Targeted Section 3 Worker: I meet one or more of the criteria below:
☐ I am employed by a Section 3 Business Concern; or
☐ I have met one of the criteria below within the past five years:
☐ Living within one mile of the service area or the neighborhood of the project*; or *contractor must verify residency meets the criteria
☐ A YouthBuild participant.

Signature: Date:

Contractor Certification
Based on the information provided, this employee/applicant a:

A Section 3 Worker? ☐ Yes ☐ No
A Targeted Section 3 Worker? ☐ Yes ☐ No
In order to meet the Targeted Section 3 Worker qualification, the employee/applicant must first meet the Section 3 Worker qualification.

Business Staff Name:

Signature: Date:

FOR CITY ADMINISTRATIVE USE ONLY
Does the information provided by the employee/applicant indicate they are qualified as a Section 3 Worker or a Targeted Section 3 Worker? ☐ Yes ☐ No City Staff Name:

Signature: Date:

Section 3 Employer Certification
Instructions
Enter the following information about your business and the individual employee/applicant for whom you are certifying Section 3 Worker or Targeted Section 3 Worker status. A separate form must be completed for each employee/applicant you wish to certify.

If you qualify as a Section 3 Business Concern, do not use this form. Instead, complete the Section 3 Business Concern Certification form. All employees of a Section 3 Business Concern are considered Targeted Section 3 Workers, and no other forms are required.

Business Information
Name of Business:

Address of Business:

Name of Business Owner:

Phone Number of Business Owner:

Email Address of Business Owner:

Preferred Contact Information
☐ Same as above
Name of Preferred Contact:

Phone Number of Preferred Contact:

Please complete the following information for the employee/applicant.

Name:

Residence Address:

Phone Number: Email:

Is this worker a current employee or job applicant (choose one). ☐ A current employee ☐ A job applicant
Current Employee: The continued employment of the employe should l not be impacted by the determination made in the section below.

Applicant: The business above may give preference in hiring to those applicants who are considered to be Section 3 Workers or Targeted Section 3 Workers.

Please select all that apply to the employee/applicant

1. Section 3 Worker:
☐ The employee/applicant’s individual income from your employment, based on a calculation of working full-time for one year, does not exceed the income limit established by HUD for a Section 3 Worker (individual gross income for the previous or annualized calendar year is at or below $77,700);

2. Targeted Section 3 Worker (must meet the qualification as a Section 3 Worker and the qualification below):
☐ The employee/applicant lives within one mile of the service area or the neighborhood of the project*; or
*contractor must verify residency meets the criteria
Contractor Certification
Based on the information provided, this employee/applicant is a:

A Section 3 Worker ☐ Yes ☐ No
A Targeted Section 3 Worker ☐ Yes ☐ No
In order to meet the Targeted Section 3 Worker qualification, the employee/applicant must first meet the Section 3 Worker qualification.

Contractor Staff Name:

Signature: Date:

FOR CITY ADMINISTRATIVE USE ONLY
Does the information provided by the employee/applicant indicate they are qualified as a Section 3 Worker or a Targeted Section 3 Worker? ☐ Yes ☐ No City Staff Name:

Signature: Date:

Section 3 Monthly Worker Hours Report
A live Excel document will be provided for reporting

FEDERAL REQUIREMENTS

SECTION XIV
CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402 SECTION 3 ACKNOWLEDGEMENT AND COMPLIANCE STATEMENT

TO BE SUBMITTED WITH BID
I acknowledge that I have received, reviewed, and understood the City of Glendora Section 3 Forms Packet, including all requirements related to Section 3 Worker certifications, Targeted Section 3 Worker certifications, Section 3 Business Concern self-certification, and the Contractor Monthly Worker Hours Report.

I understand that:
• This project is subject to Section 3 requirements under 24 CFR Part 75, as described in the attached packet.
• As the awarded contractor, I am responsible for ensuring full compliance with all Section 3 reporting, documentation, and qualitative/quantitative effort requirements. • All required worker certifications, business certifications, and monthly labor hour reports must be completed and submitted to the City of Glendora for the duration of the contract. • Failure to comply with Section 3 requirements may result in corrective action, contract impacts, or other remedies as outlined in HUD regulations and the City’s Section 3 Plan.

By signing below, I agree to comply with all Section 3 obligations applicable to this project and to ensure that subcontractors under my contract also comply with these requirements.

Contractor Name: ________________________________
Project Name: _________________________________
Authorized Representative: _______________________
Title: __________________________________________
Signature: _____________________________________
Date: _________________________________________

AGREEMENT FOR PUBLIC WORKS SERVICES
By and Between

CITY OF GLENDORA
and
SAVI CONSTRUCTION INC.

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 2

AGREEMENT FOR PUBLIC WORKS SERVICES

BETWEEN THE CITY OF GLENDORA AND
SAVI CONSTRUCTION INC.

THIS AGREEMENT FOR PUBLIC WORKS SERVICES (herein “Agreement”) is made and entered into this _____ day of __________, 2026 by and between the City of Glendora, a California municipal corporation (“City”) and SAVI Construction Inc., a California corporation (“Contractor”). City and Contractor may sometimes be referred to herein, individually as a “Party” or collectively, as the “Parties.”

RECITALS
A. City has sought, by issuance of a Request for Proposals or Invitation for Bids, the performance of the services defined and described herein.

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

C. Pursuant to the City of Glendora Municipal Code and California state law, City has authority to enter into and execute this Agreement.

D. The Parties desire to formalize the selection of Contractor for performance of those services described herein and desire that the terms of that performance be as particularly defined and described herein.

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

ARTICLE 1. WORK OF CONTRACTOR

1.1 Scope of Work.

Contractor shall perform all of the work, furnish all labor, materials, equipment, tools, utility services, and transportation, and comply with all of the specification and requirements set forth in the Bid Documents for the Project (as each such terms are defined below), in compliance with all terms and conditions of this Agreement, and as described in the “Scope of Work” attached hereto as Exhibit “A” and incorporated herein by this reference, which may be referred to herein as the “services” or “work” hereunder. As a material inducement to the City entering into this Agreement, Contractor represents and warrants that it has the qualifications, experience, and facilities necessary to properly perform the work required under this Agreement in a thorough, competent, and professional manner, and is experienced in performing the work and services contemplated herein. Contractor shall at all times faithfully, competently and to the best of its ability, experience and talent, perform all services described herein. Contractor covenants Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 3 that it shall follow the highest professional standards in performing the work and services required hereunder and that all materials will be both of good quality as well as fit for the purpose intended.

For purposes of this Agreement, the phrase “highest professional standards” shall mean those standards of practice recognized by one or more first-class firms performing similar work under similar circumstances.

1.2 Bid Documents.

The Scope of Work shall include the “General Provisions” and “Special Provisions” in the bid documents for the project entitled CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402 (the “Project”), including any documents or exhibits referenced therein (collectively, “Bid Documents”), all of which are incorporated herein by this reference. In the event of any inconsistency between the terms of the Bid Documents and this Agreement, the terms of this Agreement shall govern.

1.3 Compliance with Law.

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

1.4 Compliance with California Labor Law.
(a) Public Work. The Parties acknowledge that the work to be performed under this Agreement is a “public work” as defined in Labor Code Section 1720 and that this Agreement is therefore subject to the requirements of Division 2, Part 7, Chapter 1 (commencing with Section 1720) of the California Labor Code relating to public works contracts and the rules and regulations established by the Department of Industrial Relations (“DIR”) implementing such statutes. The work performed under this Agreement is subject to compliance monitoring and enforcement by the DIR. Contractor shall post job site notices, as prescribed by state law and DIR regulations. Pursuant to Labor Code Section 1771.1, Contractor and all subcontractors must be registered with, and pay an annual fee to, the DIR prior to and during the performance of any work under this Agreement. Contractor shall notify the City in writing immediately, and in no case more than twenty-four (24) hours, after receiving any information that Contractor’s or any of its subcontractors’ DIR registration status has been suspended, revoked, expired, or otherwise changed.
(b) Prevailing Wages. Contractor shall pay prevailing wages to the extent required by Labor Code Section 1771. Pursuant to Labor Code Section 1773.2, copies of the prevailing rate of per diem wages are on file at City Hall and will be made available to any interested party on request. By initiating any work under this Agreement, Contractor acknowledges receipt of a copy of the DIR determination of the prevailing rate of per diem wages, and Contractor shall post a copy of the same at each job site where work is performed under this Agreement. (c) Penalty for Failure to Pay Prevailing Wages. Contractor shall comply with and be bound by the provisions of Labor Code Sections 1774 and 1775 concerning the payment of prevailing rates of wages to workers and the penalties for failure to pay prevailing Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 4 wages. The Contractor shall, as a penalty to the City, forfeit two hundred dollars ($200) for each calendar day, or portion thereof, for each worker paid less than the prevailing rates as determined by the DIR for the work or craft in which the worker is employed for any public work done pursuant to this Agreement by Contractor or by any subcontractor. (d) Payroll Records. Contractor shall comply with and be bound by the provisions of Labor Code Section 1776, which requires Contractor and each subcontractor to: keep accurate payroll records and verify such records in writing under penalty of perjury, as specified in Section 1776; certify and make such payroll records available for inspection as provided by Section 1776; and inform the City of the location of the records. (e) Apprentices. Contractor shall comply with and be bound by the provisions of Labor Code Sections 1777.5, 1777.6, and 1777.7 and California Code of Regulations Title 8, Section 200 et seq. concerning the employment of apprentices on public works projects.

Contractor shall be responsible for compliance with these aforementioned Sections for all apprenticeable occupations. Prior to commencing work under this Agreement, Contractor shall provide City with a copy of the information submitted to any applicable apprenticeship program.

Within sixty (60) days after concluding work pursuant to this Agreement, Contractor and each of its subcontractors shall submit to the City a verified statement of the journeyman and apprentice hours performed under this Agreement.
(f) Eight-Hour Work Day. Contractor acknowledges that eight (8) hours labor constitutes a legal day's work. Contractor shall comply with and be bound by Labor Code Sections 1810 and 1811. As required under Labor Code Section 1812, Contractor and each of its subcontractors shall keep an accurate record showing the name of and actual hours worked each calendar day and each calendar week by each worker employed by them in connection with the work performed under the terms of this Agreement.
(g) Penalties for Excess Hours. Contractor shall comply with and be bound by the provisions of Labor Code Section 1813 concerning penalties for workers who work excess hours. The Contractor shall, as a penalty to the City, forfeit twenty-five dollars ($25) for each worker employed in the performance of this Agreement by the Contractor or by any subcontractor for each calendar day during which such worker is required or permitted to work more than eight (8) hours in any one calendar day and forty (40) hours in any one calendar week in violation of the provisions of Division 2, Part 7, Chapter 1, Article 3 of the Labor Code. Pursuant to Labor Code section 1815, work performed by employees of Contractor in excess of eight (8) hours per day, and forty (40) hours during any one week shall be permitted upon public work upon compensation for all hours worked in excess of eight (8) hours per day at not less than one and one-half (1½) times the basic rate of pay.
(h) Workers’ Compensation. California Labor Code Sections 1860 and 3700 provide that every employer will be required to secure the payment of compensation to its employees if it has employees. In accordance with the provisions of California Labor Code Section 1861, Contractor certifies as follows:
“I am aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for workers' compensation or to Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 5 undertake self-insurance in accordance with the provisions of that code, and I will comply with such provisions before commencing the performance of the work of this contract.”
Contractor’s Authorized Initials _______________
Ramesh Bachuvala
President / Chief Financial Officer
(i) Contractor’s Responsibility for Subcontractors. For every subcontractor who will perform work under this Agreement, Contractor shall be responsible for such subcontractor's compliance with Division 2, Part 7, Chapter 1 (commencing with Section 1720) of the California Labor Code, and shall make such compliance a requirement in any contract with any subcontractor for work under this Agreement. Contractor shall be required to take all actions necessary to enforce such contractual provisions and ensure subcontractor's compliance, including without limitation, conducting a review of the certified payroll records of the subcontractor on a periodic basis or upon becoming aware of the failure of the subcontractor to pay his or her workers the specified prevailing rate of wages. Contractor shall diligently take corrective action to halt or rectify any such failure by any subcontractor.

1.5 Licenses, Permits, Fees and Assessments.

Contractor shall obtain at its sole cost and expense such licenses, permits, registrations, and approvals as may be required by law for the performance of the services required by this Agreement. Contractor shall have the sole obligation to pay for any fees, assessments and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the Contractor’s performance of the services required by this Agreement, and shall indemnify, defend and hold harmless City, its officers, employees or agents of City, against any such fees, assessments, taxes, penalties or interest levied, assessed or imposed against City hereunder.

1.6 Familiarity with Work.
(a) By executing this Agreement, Contractor warrants that Contractor (i) has thoroughly investigated and considered the scope of work to be performed, (ii) has carefully considered how the services should be performed, and (iii) fully understands the facilities, difficulties and restrictions attending performance of the services under this Agreement. If the services involve work upon any site, Contractor warrants that Contractor has or will investigate the site and is or will be fully acquainted with the conditions there existing, prior to commencement of services hereunder.
(b) Pursuant to Public Contract Code Section 7104, Contractor shall promptly, and before the following conditions are disturbed, notify the City, in writing, of any: (i) material Contractor believes may be hazardous waste as defined in Section 25117 of the Health & Safety Code required to be removed to a Class I, II, or III disposal site in accordance with existing law; (ii) subsurface, unknown or latent conditions at the Project site, materially different from those indicated by information about the Project site made available to bidders prior to the deadline for submitting bids on the Project; or (iii) unknown physical conditions at the Project site of any Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 6 unusual nature, different from those ordinarily encountered and generally recognized as inherent in work of the character provided for in this Agreement, and will materially affect the performance of the services hereunder.
(c) City shall promptly investigate the conditions, and if it finds that the conditions do materially differ, or do involve hazardous waste, and cause a decrease or increase in Contractor's cost of, or the time required for, the performance of any part of the work, the City shall issue a Change Order per Section 1.10 of this Agreement. (d) In the event that a dispute arises between City and Contractor whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contractor's cost of, or time required for, performance of any part of the work, Contractor shall not be excused from any scheduled completion date set, but shall proceed with all work to be performed under this Agreement. Contractor shall retain any and all rights provided either by contract or by law, which pertain to the resolution of disputes and protests between the Parties.
(e) City will compensate Contractor to the extent required by Government Code Section 4215 by issuing a Change Order per Section 1.10 of this Agreement.

1.7 Protection and Care of Work and Materials.

The Contractor shall adopt reasonable methods, including providing and maintaining storage facilities, during the life of this Agreement to furnish continuous protection to the work, and the equipment, materials, papers, documents, plans, studies and/or other components thereof to prevent losses or damages, and shall be responsible for all such damages, to persons or property, until acceptance of the work by City, except such losses or damages as caused by City’s own negligence. Stored materials shall be reasonably accessible for inspection. Contractor shall not, without City’s consent, assign, sell, mortgage, hypothecate, or remove equipment or materials which have been installed or delivered and which may be necessary for the completion of the work.

1.8 Warranty.

Contractor warrants all work under this Agreement (which for purposes of this Section shall be deemed to include unauthorized work which has not been removed or corrected and any non-conforming construction or materials incorporated into the work) to be of good quality and free from any defective or faulty material and workmanship. Contractor agrees that for a period of one year (or the period of time specified elsewhere in this Agreement,, or the Bid Documents, or in any guarantee or warranty provided by any manufacturer or supplier of equipment or materials incorporated into the work, whichever is later) after the date of final acceptance by the City for the Project, Contractor shall within ten (10) days after being notified in writing by the City of any defect in the work or non-conformance of the work to the requirements under this Agreement, commence and prosecute with due diligence all work necessary to fulfill the terms of the warranty at its sole cost and expense. Contractor shall act as soon as requested by the City in response to any emergency condition or situation. In addition, Contractor shall, at its sole cost and expense, repair, remove and replace any portions of the work (or work of other subcontractors) damaged by its defective work or which becomes damaged in the course of Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 7 repairing or replacing defective work. For any work so corrected, Contractor's obligation hereunder to correct defective work shall be reinstated for an additional one year period, commencing with the date of acceptance of such corrected work. Contractor shall perform such tests as the City may require to verify that any corrective actions, including, without limitation, redesign, repairs, and replacements comply with the requirements of this Agreement. All costs associated with such corrective actions and testing, including the removal, replacement, and reinstitution of equipment and materials necessary to gain access, shall be the sole responsibility of the Contractor. All warranties and guarantees of subcontractors, suppliers and manufacturers with respect to any portion of the work, whether express or implied, are deemed to be obtained by Contractor for the benefit of the City, regardless of whether or not such warranties and guarantees have been transferred or assigned to the City by separate agreement and Contractor agrees to enforce such warranties and guarantees, if necessary, on behalf of the City. In the event that Contractor fails to perform its obligations under this Section, or under any other warranty or guaranty under this Agreement or the Bid Documents, to the reasonable satisfaction of the City, the City shall have the right to correct and replace any defective or non-conforming work and any work damaged by such work or the replacement or correction thereof at Contractor's sole expense.

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

1.9 Inspection by City.

In connection with the performance of this Agreement, the City shall have the authority to enter the worksite at any time for the purpose of identifying the existence of conditions, either actual or threatened, that may present a danger or hazard to any and all employees. The Contractor agrees that the City, in its sole authority and discretion, may order the immediate abatement of any and all conditions that may present an actual or threatened danger or hazard to any and all employees at the worksite Contractor acknowledges the provisions of Section 6400 of the Labor Code, which requires that employers shall furnish employment and a place of employment that is safe and healthful for all employees working therein. In the event the City identifies the existence of any condition that presents an actual or threatened danger or hazard to any or all employees at the worksite, the City is hereby authorized to order the immediate abatement of that actual or threatened condition pursuant to this Section.

The City may also, at its sole authority and discretion, issue an immediate stop work order to the Contractor to ensure that no employee working at the worksite is exposed to a dangerous or hazardous condition. Any stop work order issued by the City to the Contractor in accordance with the provisions of this section shall not give rise to any claim or cause of action for delay damages by the Contractor or the Contractor’s agents or subcontractors against the City.

1.10 Additional Work and Change Orders.
(a) City shall have the right at any time during the performance of the services, without invalidating this Agreement, to order extra work beyond that specified in the Scope of Work or make changes to the work by altering, adding to or deducting from said work.

No such extra work may be undertaken unless a written change order is first given by the Contract Officer to the Contractor, incorporating therein any adjustment in (i) the Contract Sum, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 8 the Contractor (“Change Order”). All Change Orders must be signed by the Contractor and Contract Officer prior to commencing the extra work thereunder. (b) Any increase in compensation of up to ten percent (10%) of the Contract Sum or $25,000, whichever is less; or any increase in the time to perform of up to one hundred eighty (180) days may be approved by the Contract Officer, provided that such increase does not materially affect the work in a manner or materially and detrimentally affect the interest of the City. Any greater increases, taken either separately or cumulatively, must be approved by the City Council.
(c) Any adjustment in the Contract Sum for a Change Order must be in accordance with the rates set forth in the Schedule of Compensation in Exhibit “C”. If the rates in the Schedule of Compensation do not cover the type of work in the Change Order, the cost of such work shall not exceed an amount agreed upon in writing and signed by Contractor and Contract Officer. If the cost of the Change Order cannot be agreed upon, the City will pay for actual work of the Change Order that is completed to the satisfaction of the City, as follows:
(i) Labor: The cost of labor shall be the actual cost for wages of workers and subcontractors performing the work for the Change Order at the time such work is done. The use of labor classifications that would increase the cost of such work shall not be permitted.
(ii) Materials and Equipment: The cost of materials and equipment shall be at cost to Contractor or the lowest current price for which such materials and equipment are reasonably available at the time the work is done, whichever is lower. (iii) Daily Reporting: If the cost of the extra work cannot be agreed upon, the Contractor must provide a daily report that includes all invoices for labor, materials and equipment costs for the work under the Change Order. The daily report must include:
list of names of workers, classifications, and hours worked; description and list of quantities of materials used; type of equipment, size, identification number, and hours of operation, including loading and transportation, if applicable; description of other City authorized services and expenditures in such detail as the City may require. Failure to submit a daily report by the close of the next working day may, at the City’s sole and absolute discretion, waive the Contractor’s rights to payment for the work performed for that day.
(d) It is expressly understood by Contractor that the provisions of this Section 1.10 shall not apply to services specifically set forth in the Scope of Work. Contractor hereby acknowledges that it accepts the risk that the services to be provided pursuant to the Scope of Work may be more costly or time consuming than Contractor anticipates and that Contractor shall not be entitled to additional compensation therefor. City may in its sole and absolute discretion have similar work done by other contractors. (e) No claim for an increase in the Contract Sum or time for performance shall be valid unless the procedures established in this Section are followed.

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1.11 Special Requirements.

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

ARTICLE 2. COMPENSATION AND METHOD OF PAYMENT.

2.1 Contract Sum.

Subject to any limitations set forth in this Agreement, City agrees to pay Contractor the amounts specified in the “Schedule of Compensation” attached hereto as Exhibit “C” and incorporated herein by this reference. The total compensation, including reimbursement for actual expenses, shall not exceed $227,600 (Two Hundred Twenty-Seven Thousand Six Hundred Dollars) (the “Contract Sum”), unless additional compensation is approved pursuant to Section

1.10. 2.2 Method of Compensation.

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

2.3 Reimbursable Expenses.

Compensation may include reimbursement for actual and necessary expenditures for reproduction costs, telephone expenses, and travel expenses approved by the Contract Officer in advance, or actual subcontractor expenses of an approved subcontractor pursuant to Section 4.5, and only if specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Contractor at all Project meetings reasonably deemed necessary by the City.

Coordination of the performance of the work with City is a critical component of the services. If Contractor is required to attend additional meetings to facilitate such coordination, Contractor shall not be entitled to any additional compensation for attending said meetings.

2.4 Invoices.

Each month Contractor shall furnish to City an original invoice for all work performed and expenses incurred during the preceding month in a form approved by City’s Finance Director and/or the Contract Officer. By submitting an invoice for payment under this Agreement, Contractor is certifying compliance with all provisions of the Agreement. The invoice shall contain all information specified in Exhibit “C”, include a copy of Contractor’s certified payroll and proof that the certified payroll has been submitted to the DIR, and shall detail charges for all necessary and actual expenses by the following categories: labor (by sub-category), travel, Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 10 materials, equipment, supplies, and sub-contractor contracts. Sub-contractor charges shall also be detailed by such categories. Contractor shall also submit a list of the prevailing wage rates for all employees and subcontractors providing services under this Agreement, as applicable, with Contractor’s first invoice. Contractor shall not invoice City for any duplicate services performed by more than one person.

City shall, as soon as practicable, independently review each invoice submitted by the Contractor to determine whether the work performed and expenses incurred are in compliance with the provisions of this Agreement. Except as to any charges for work performed or expenses incurred by Contractor which are disputed by City, or as provided in Section 7.3, City will cause Contractor to be paid within thirty (30) days of receipt of Contractor’s correct and undisputed invoice; however, Contractor acknowledges and agrees that due to City warrant run procedures, the City cannot guarantee that payment will occur within this time period. In the event that City does not cause Contractor to be paid within thirty (30) days of receipt of an undisputed and properly submitted invoice, Contractor shall be entitled to the payment of interest to the extent allowed under Public Contract Code Section 20104.50. In the event any charges or expenses are disputed by City, the original invoice shall be returned by City to Contractor, not later than seven (7) days after receipt by the City, for correction and resubmission. Returned invoices shall be accompanied by a document setting forth in writing the reasons why the payment request was rejected. Review and payment by the City of any invoice provided by the Contractor shall not constitute a waiver of any rights or remedies provided herein or any applicable law.

2.5 Waiver.

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

2.6 Retention.

City will deduct a five percent (5%) retention from all progress payments. In accordance with Public Contract Code Section 22300, which is hereby incorporated into this Agreement, City shall permit the substitution of securities for any moneys withheld by City to ensure performance under this Agreement. The retention held by the City shall be released within sixty (60) days after the date of completion of the work and the Project, as required by Government Code Section 7107.

In the event of a dispute between City and Contractor, City may withhold from the final payment an amount not to exceed one hundred fifty percent (150%) of the disputed amount.

ARTICLE 3. PERFORMANCE SCHEDULE

3.1 Time of Essence.

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

3.2 Schedule of Performance.

Contractor shall commence the services pursuant to this Agreement upon receipt of a written notice to proceed (“NTP”) by the Contract Officer and shall perform all services within the time period(s) established in the “Schedule of Performance” attached hereto as Exhibit “D” Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 11 and incorporated herein by this reference. When requested by the Contractor, extensions to the time period(s) specified in the Schedule of Performance may be approved in writing by the Contract Officer but not exceeding one hundred eighty (180) days cumulatively.

3.3 Force Majeure.

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

3.4 Inspection and Final Acceptance.

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

3.5 Term.

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

ARTICLE 4. COORDINATION OF WORK

4.1 Representatives and Personnel of Contractor.

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

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It is expressly understood that the experience, knowledge, capability and reputation of the foregoing Principals were a substantial inducement for City to enter into this Agreement.

Therefore, the Principals shall be responsible during the term of this Agreement for directing all activities of Contractor and devoting sufficient time to personally supervise the services hereunder.

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

4.2 Status of Contractor.

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

4.3 Contract Officer.

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

4.4 Independent Contractor.

Neither the City nor any of its employees shall have any control over the manner, mode or means by which Contractor, its agents or employees, perform the services required herein, except as otherwise set forth herein. City shall have no voice in, or authority over, the selection, discharge, supervision or control of Contractor’s employees, servants, representatives or agents, or in fixing their number, compensation or hours of service. Contractor shall perform all services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role.

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4.5 Prohibition Against Subcontracting or Assignment.

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

ARTICLE 5. INSURANCE, INDEMNIFICATION AND BONDS

5.1 Insurance Coverages.

Without limiting Contractor’s indemnification obligations to the City (as set forth below), and prior to commencement of any services under this Agreement, Contractor shall obtain, provide and maintain at its own expense during the term of this Agreement, policies of insurance of the type and amounts described below and in a form satisfactory to City. (a) General Liability Insurance. Contractor shall maintain commercial general liability insurance with coverage at least as broad as Insurance Services Office form CG 00 01, in an amount not less than $2,000,000 per occurrence, $4,000,000 general aggregate, for bodily injury, personal injury, and property damage. The policy must include contractual liability that has not been amended. Any endorsement restricting standard ISO “insured contract” language will not be accepted.
(b) Automobile Liability Insurance. Contractor shall maintain automobile insurance at least as broad as Insurance Services Office form CA 00 01 covering bodily injury and property damage for all activities of the Contractor arising out of or in connection with the services to be performed under this Agreement, including coverage for any owned, hired, non-owned or rented vehicles, in an amount not less than $1,000,000 combined single limit for each accident. (c) Professional Liability (errors & omissions) Insurance. Contractor shall maintain professional liability insurance that covers the services to be performed in connection with this Agreement, in the minimum amount of $1,000,000 per claim and in the aggregate. Any Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 14 policy inception date, continuity date, or retroactive date must be before the effective date of this Agreement and Contractor agrees to maintain continuous coverage through a period no less than three (3) years after completion of the services required by this Agreement. (d) Workers’ Compensation Insurance. Contractor shall maintain Workers’ Compensation Insurance (Statutory Limits) and Employer’s Liability Insurance (with limits of at least $1,000,000).
(e) Builder’s Risk Insurance. Contractor shall maintain Builder’s Risk (Course of Construction) insurance utilizing an “All Risk” (Special Perils) coverage form, with limits equal to the completed value of the Project and no coinsurance penalty provisions or provisional limit provisions. The policy must include: (1) coverage for any ensuing loss from faulty workmanship, nonconforming work, omission or deficiency in design or specifications; (2) coverage against machinery accidents and operational testing; (3) coverage for removal of debris, and insuring the buildings, structures, machinery, equipment, materials, facilities, fixtures and all other properties constituting a part of the Project; (4) ordinance or law coverage for contingent rebuilding, demolition, and increased costs of construction; (5) transit coverage (unless insured by the supplier or receiving contractor), with sub-limits sufficient to insure the full replacement value of any key equipment item; (6) ocean marine cargo coverage insuring any Project materials or supplies, if applicable; and (7) coverage with sub-limits sufficient to insure the full replacement value of any property or equipment stored either on or off the Project site or any staging area. (f) Pollution Liability Insurance. Contractor shall maintain Environmental Impairment Liability insurance, written on a Contractor’s Pollution Liability form or other form acceptable to City providing coverage for liability arising out of sudden, accidental, and gradual pollution and remediation. The policy limit shall be no less than $1,000,000 per claim and in the aggregate. All activities contemplated in this Agreement shall be specifically scheduled on the policy as “covered operations.” The policy shall provide coverage for the hauling of waste from the Project site to the final disposal location, including non-owned disposal sites. (g) Subcontractors. Contractor shall include all subcontractors as insureds under its policies or shall furnish separate certificates and certified endorsements for each subcontractor. All coverages for subcontractors shall include all of the requirements stated herein. (h) Additional Insurance. Policies of such other insurance, as may be required in the Special Requirements in Exhibit “B”.

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 15 (b) Duration of Coverage. Contractor shall procure and maintain for the duration of this Agreement insurance against claims for injuries to persons or damages to property, which may arise from or in connection with the performance of the services hereunder by Contractor, its agents, representatives, employees or subcontractors. (c) Primary/noncontributing. Coverage provided by Contractor shall be primary and any insurance or self-insurance procured or maintained by City shall not be required to contribute with it. The limits of insurance required herein may be satisfied by a combination of primary and umbrella or excess insurance. Any umbrella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and noncontributory basis for the benefit of City before the City’s own insurance or self-insurance shall be called upon to protect it as a named insured.
(d) City’s Rights of Enforcement. In the event any policy of insurance required under this Agreement does not comply with these specifications or is canceled and not replaced, City has the right but not the duty to obtain the insurance it deems necessary and any premium paid by City will be promptly reimbursed by Contractor or City will withhold amounts sufficient to pay premium from Contractor payments. In the alternative, City may cancel this Agreement. (e) Acceptable Insurers. All insurance policies shall be issued by an insurance company currently authorized by the Insurance Commissioner to transact business of insurance or that is on the List of Approved Surplus Line Insurers in the State of California, with an assigned policyholders’ Rating of A- (or higher) and Financial Size Category Class VI (or larger) in accordance with the latest edition of Best’s Key Rating Guide, unless otherwise approved by the City’s Risk Manager.
(f) Waiver of Subrogation. All insurance coverage maintained or procured pursuant to this agreement shall be endorsed to waive subrogation against City, its elected or appointed officers, agents, officials, employees and volunteers or shall specifically allow Contractor or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Contractor hereby waives its own right of recovery against City, and shall require similar written express waivers and insurance clauses from each of its subcontractors.
(g) Enforcement of Contract Provisions (non-estoppel). Contractor acknowledges and agrees that any actual or alleged failure on the part of the City to inform Contractor of non-compliance with any requirement imposes no additional obligations on the City nor does it waive any rights hereunder.
(h) Requirements Not Limiting. Requirements of specific coverage features or limits contained in this section are not intended as a limitation on coverage, limits or other requirements, or a waiver of any coverage normally provided by any insurance. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any Party or insured to be all inclusive, or to the exclusion of other coverage, or a waiver of any type. If the Contractor maintains higher limits than the minimums shown above, the City requires and shall be entitled to coverage for the higher limits maintained by the Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 16 Contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.
(i) Notice of Cancellation. Contractor agrees to oblige its insurance agent or broker and insurers to provide to City with a thirty (30) day notice of cancellation (except for nonpayment for which a ten (10) day notice is required) or nonrenewal of coverage for each required coverage.
(j) Additional Insured Status. General liability policies shall provide or be endorsed to provide that City and its officers, officials, employees, and agents, and volunteers shall be additional insureds under such policies. This provision shall also apply to any excess/umbrella liability policies.
(k) Prohibition of Undisclosed Coverage Limitations. None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved of in writing. (l) Separation of Insureds. A severability of interests provision must apply for all additional insureds ensuring that Contractor’s insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the insurer’s limits of liability. The policy(ies) shall not contain any cross-liability exclusions. (m) Pass Through Clause. Contractor agrees to ensure that its subconsultants, subcontractors, and any other party involved with the Project who is brought onto or involved in the Project by Contractor, provide the same minimum insurance coverage and endorsements required of Contractor. Contractor agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this Section. Contractor agrees that upon request, all agreements with consultants, subcontractors, and others engaged in the Project will be submitted to City for review. (n) City’s Right to Revise Specifications. The City reserves the right at any time during the term of this Contract to change the amounts and types of insurance required by giving the Contractor ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Contractor, the City and Contractor may renegotiate Contractor’s compensation.
(o) Self-Insured Retentions. Any self-insured retentions must be declared to and approved by City. City reserves the right to require that self-insured retentions be eliminated, lowered, or replaced by a deductible. Self-insurance will not be considered to comply with these specifications unless approved by City.
(p) Timely Notice of Claims. Contractor shall give City prompt and timely notice of claims made or suits instituted that arise out of or result from Contractor’s performance under this Agreement, and that involve or may involve coverage under any of the required liability policies.

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 17 (q) Additional Insurance. Contractor shall also procure and maintain, at its own cost and expense, any additional kinds of insurance, which in its own judgment may be necessary for its proper protection and prosecution of the work.

5.3 Indemnification.

To the full extent permitted by law, Contractor agrees to indemnify, defend and hold harmless the City, its officers, employees and agents (“Indemnified Parties”) against, and will hold and save them and each of them harmless from, any and all actions, either judicial, administrative, arbitration or regulatory claims, damages to persons or property, injuries or death of any person (including workers and the public), losses, costs, penalties, obligations, errors, omissions or liabilities whether actual or threatened (herein “claims or liabilities”) that may be asserted or claimed by any person, firm or entity arising out of or in connection with the negligent performance of the work provided herein of Contractor, its officers, employees, agents, subcontractors, or invitees, or any individual or entity for which Contractor is legally liable (“indemnitors”), or arising from Contractor’s or indemnitors’ reckless or willful misconduct, or arising from Contractor’s or indemnitors’ negligent performance of or failure to perform any term, provision, covenant or condition of this Agreement, and in connection therewith:
(a) Contractor will defend any action or actions filed in connection with any of said claims or liabilities (with legal counsel approved by City) and will pay all costs and expenses, including legal costs and attorneys’ fees incurred in connection therewith; (b) Contractor will promptly pay any judgment rendered against the City, its officers, agents or employees for any such claims or liabilities; and Contractor agrees to save and hold the City, its officers, agents, and employees harmless therefrom; (c) In the event the City, its officers, agents or employees is made a party to any action or proceeding filed or prosecuted against Contractor for such damages or other claims arising out of or in connection with the negligent performance of or failure to perform the work, operation or activities of Contractor hereunder, Contractor agrees to pay to the City, its officers, agents or employees, any and all costs and expenses incurred by the City, its officers, agents or employees in such action or proceeding, including but not limited to, legal costs and attorneys’ fees.

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

Contractor shall incorporate similar indemnity agreements with its subcontractors and if it fails to do so Contractor shall be fully responsible to indemnify City hereunder therefore, and failure of City to monitor compliance with these provisions shall not be a waiver hereof. This indemnification includes claims or liabilities arising from any negligent or wrongful act, error or omission, or reckless or willful misconduct of Contractor in the performance of professional services and work hereunder. The provisions of this Section do not apply to claims or liabilities Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 18 occurring as a result of City’s sole negligence or willful acts or omissions, but, to the fullest extent permitted by law, shall apply to claims and liabilities resulting in part from City’s negligence, except that design professionals’ indemnity hereunder shall be limited to claims and liabilities arising out of the negligence, recklessness or willful misconduct of the design professional. The indemnity obligation shall be binding on successors and assigns of Contractor and shall survive termination of this Agreement.

Contractor’s obligations under this Section shall apply regardless of whether or not such claims or liabilities were caused in part or contributed to by the City or any Indemnified Parties. In instances where City or its Indemnified Parties is shown to have been actively negligent and where City’s active negligence accounts for only a percentage of the liability involved, the obligation of Contractor will be for that entire portion or percentage of liability not attributable to the active negligence of the City.

5.4 Notification of Third-Party Claims.

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

5.5 Performance and Labor Bonds.

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

Both the Performance Bond and Payment Bond required under this Section 5.5 shall contain the original notarized signature of an authorized officer of the surety and affixed thereto shall be a certified and current copy of his/her power of attorney. The bonds shall be unconditional and remain in force during the entire term of this Agreement.

5.6 Sufficiency of Insurer or Surety.

Insurance and bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated “A” or better in the most recent edition of Best’s Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better, unless such requirements are waived by the Risk Manager of the City (“Risk Manager”) due to unique circumstances. In addition, the insurance carrier must be currently authorized by the Insurance Commissioner to transact business of insurance or be on the List of Approved Surplus Line Insurers issued by the State of California. If this Agreement Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 19 continues for more than 3 years duration, or in the event the Risk Manager determines that the work or services to be performed under this Agreement creates an increased or decreased risk of loss to the City, the Contractor agrees that the minimum limits of the insurance policies and the bonds required by Section 5.5 may be changed accordingly upon receipt of written notice from the Risk Manager.

5.7 Substitution of Securities.

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

5.8 Release of Securities.

City shall release the Performance and Payment Bonds when the following have occurred:
(a) Contractor has made a written request for release and provided evidence of satisfaction of all other requirements under Article 5 of this Agreement; (b) the work for the Project has been finally accepted by the City; and (c) after passage of the time within which lien claims are required to be made pursuant to applicable laws; if lien claims have been timely filed, City shall hold the Payment Bond until such claims have been resolved, Contractor has provided statutory bond, or otherwise as required by applicable law.

ARTICLE 6. RECORDS, REPORTS, AND RELEASE OF INFORMATION

6.1 Records.

Contractor shall keep, and require subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports, studies, certified and accurate copies of payroll records in compliance with all applicable laws, or other documents relating to the disbursements charged to City and services performed hereunder (the “books and records”), as shall be necessary to perform the services required by this Agreement and enable the Contract Officer to evaluate the performance of such services. Any and all such documents shall be maintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Contract Officer shall have full and free access to such books and records at all times during normal business hours of City, including the right to inspect, copy, audit and make records and transcripts from such records. Such records shall be maintained for a period of 3 years following completion of the services hereunder, and the City shall have access to such records in the event any audit is required. In the event of dissolution of Contractor’s business, custody of the books and records may be given to City, and access shall be provided by Contractor’s successor in interest. Notwithstanding the above, the Contractor shall fully cooperate with the City in Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 20 providing access to the books and records if a public records request is made and disclosure is required by law including but not limited to the California Public Records Act.

6.2 Reports.

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

6.3 Ownership of Documents.

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

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

6.4 Confidentiality and Release of Information.
(a) information gained or work product produced by Contractor in performance of this Agreement shall be considered confidential, unless such information is in the public domain or already known to Contractor. Contractor shall not release or disclose any such information or work product to persons or entities other than City without prior written authorization from the Contract Officer.
(b) Contractor, its officers, employees, agents or subcontractors, shall not, without prior written authorization from the Contract Officer or unless requested by the City Attorney, voluntarily provide documents, declarations, letters of support, testimony at depositions, Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 21 response to interrogatories or other information concerning the work performed under this Agreement. Response to a subpoena or court order shall not be considered "voluntary" provided Contractor gives City notice of such court order or subpoena. (c) If Contractor, or any officer, employee, agent or subcontractor of Contractor, provides any information or work product in violation of this Agreement, then City shall have the right to reimbursement and indemnity from Contractor for any damages, costs and fees, including attorneys’ fees, caused by or incurred as a result of Contractor’s conduct. (d) Contractor shall promptly notify City should Contractor, its officers, employees, agents or subcontractors be served with any summons, complaint, subpoena, notice of deposition, request for documents, interrogatories, request for admissions or other discovery request, court order or subpoena from any party regarding this Agreement and the work performed there under. City retains the right, but has no obligation, to represent Contractor or be present at any deposition, hearing or similar proceeding. Contractor agrees to cooperate fully with City and to provide City with the opportunity to review any response to discovery requests provided by Contractor. However, this right to review any such response does not imply or mean the right by City to control, direct, or rewrite said response.

ARTICLE 7. ENFORCEMENT OF AGREEMENT AND TERMINATION

7.1 California Law.

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

7.2 Disputes.
(a) Default; Cure. In the event that Contractor is in default under the terms of this Agreement, the City shall not have any obligation or duty to continue compensating Contractor for any work performed after the date of default. Instead, the City may give notice to Contractor of the default and the reasons for the default. The notice shall include the timeframe in which Contractor may cure the default. This timeframe is presumptively thirty (30) days, but may be extended, though not reduced, if circumstances warrant, in the sole and absolute discretion of the Project Manager. During the period of time that Contractor is in default, the City shall hold all invoices and shall proceed with payment on such invoices only when the default is cured to the satisfaction of the City. In the alternative, the City may, in its sole discretion, elect to pay some or all of the outstanding invoices during the period of default. If Contractor does not cure the default, the City may take necessary steps to terminate this Agreement under this Article. Any failure on the part of the City to give notice of the Contractor’s default shall not be deemed to result in a waiver of the City’s legal rights or any rights arising out of any provision of this Agreement.

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 22 (b) Dispute Resolution. This Agreement is subject to the provisions of Article 1.5 (commencing at Section 20104) of Division 2, Part 3 of the California Public Contract Code regarding the resolution of public works claims of less than $375,000. Additionally, Section 9204 of the California Public Contract Code prescribes a process for negotiation and mediation to resolve disputes on construction claims. Article 1.5 mandates certain procedures for the filing of claims and supporting documentation by the Contractor, for the response to such claims by the City, for a mandatory meet and confer conference upon the request of the Contractor, for mandatory non-binding mediation in the event litigation is commenced, and for mandatory judicial arbitration upon the failure to resolve the dispute through mediation. This Agreement hereby incorporates the provisions of Article 1.5 as though fully set forth herein and the intent of this Section is to implement Sections 20104 et seq. and Section 9204 of the California Public Contract Code with respect to any such claims by Contractor. This Section shall be construed to be consistent with said statutes.

For purposes of these procedures, the term “claim(s)” means a separate demand by the Contractor, after the City has denied Contractor’s timely and duly made request for payment for extra work and/or a time extension, for (A) a time extension, (B) payment of money or damages arising from work done by or on behalf of the Contractor pursuant to this Agreement and payment of which is not otherwise expressly provided for or the Contractor is not otherwise entitled to, or (C) an amount the payment of which is disputed by the City.

7.3 Retention of Funds.

Contractor hereby authorizes City to deduct from any amount payable to Contractor (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Contractor’s acts or omissions in performing or failing to perform Contractor’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Contractor, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of the Contractor to insure, indemnify, and protect City as elsewhere provided herein.

7.4 Waiver.

Waiver by any Party to this Agreement of any term, condition, or covenant of this Agreement shall not constitute a waiver of any other term, condition, or covenant. Waiver by any Party of any breach of the provisions of this Agreement shall not constitute a waiver of any other provision or a waiver of any subsequent breach or violation of any provision of this Agreement.

Acceptance by City of any work or services by Contractor shall not constitute a waiver of any of the provisions of this Agreement. No delay or omission in the exercise of any right or remedy by a non-defaulting Party on any default shall impair such right or remedy or be construed as a waiver.

Any waiver by either Party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement.

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 23

7.5 Rights and Remedies are Cumulative.

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

7.6 Legal Action.

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

7.7 Liquidated Damages.

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

7.8 Termination Prior to Expiration of Term.

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 24

7.9 Termination for Default of Contractor.

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

7.10 Attorneys’ Fees.

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

7.11 Unfair Business Practices Claims.

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

ARTICLE 8. CITY OFFICERS AND EMPLOYEES: NON-DISCRIMINATION

8.1 Non-liability of City Officers and Employees.

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

8.2 Conflict of Interest.

Contractor covenants that neither it, nor any officer or principal of its firm, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Contractor’s performance of services under this Agreement. Contractor further covenants that in the performance of this Agreement, no person having any such interest shall be employed by it as an officer, employee, agent or subcontractor Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 25 without the express written consent of the Contract Officer. Contractor agrees to at all times avoid conflicts of interest or the appearance of any conflicts of interest with the interests of City in the performance of this Agreement.

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

8.3 Covenant Against Discrimination.

Contractor covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry, or other protected class in the performance of this Agreement. Contractor shall take affirmative action to insure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry, or other protected class.

8.4 Unauthorized Aliens.

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

ARTICLE 9. MISCELLANEOUS PROVISIONS

9.1 Notices.

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

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 26

9.2 Interpretation.

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

9.3 Counterparts.

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

9.4 Integration; Amendment.

This Agreement including the attachments hereto (and the documents incorporated herein) is the entire, complete and exclusive expression of the understanding of the Parties. It is understood that there are no oral agreements between the Parties hereto affecting this Agreement and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements and understandings, if any, between the Parties, and none shall be used to interpret this Agreement. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by the Contractor and by the City Council. The Parties agree that this requirement for written modifications cannot be waived and that any attempted waiver shall be void. Each and every provision of law and clause required by law to be inserted in this Agreement shall be deemed to be inserted herein, and this Agreement shall be read and enforced as though it were included herein. If through mistake or otherwise any such provision is not inserted, or is not correctly inserted, then upon application of either Party, this Agreement shall forthwith be amended to make such insertion or correction/

9.5 Severability.

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

9.6 Warranty & Representation of Non-Collusion.

No official, officer, or employee of City has any financial interest, direct or indirect, in this Agreement, nor shall any official, officer, or employee of City participate in any decision relating to this Agreement which may affect his/her financial interest or the financial interest of any corporation, partnership, or association in which (s)he is directly or indirectly interested, or in violation of any corporation, partnership, or association in which (s)he is directly or indirectly Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 27 interested, or in violation of any State or municipal statute or regulation. The determination of “financial interest” shall be consistent with State law and shall not include interests found to be “remote” or “noninterests” pursuant to Government Code Sections 1091 or 1091.5. Contractor warrants and represents that it has not paid or given, and will not pay or give, to any third party including, but not limited to, any City official, officer, or employee, any money, consideration, or other thing of value as a result or consequence of obtaining or being awarded any agreement.

Contractor further warrants and represents that (s)he/it has not engaged in any act(s), omission(s), or other conduct or collusion that would result in the payment of any money, consideration, or other thing of value to any third party including, but not limited to, any City official, officer, or employee, as a result of consequence of obtaining or being awarded any agreement. Contractor is aware of and understands that any such act(s), omission(s) or other conduct resulting in such payment of money, consideration, or other thing of value will render this Agreement void and of no force or effect.

Contractor’s Authorized Initials ___________________
Ramesh Bachuvala
President / Chief Financial Officer

9.7 Corporate Authority.

The persons executing this Agreement on behalf of the Parties hereto warrant that (i) such Party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said Party, (iii) by so executing this Agreement, such Party is formally bound to the provisions of this Agreement, and (iv) the entering into this Agreement does not violate any provision of any other agreement to which said Party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the Parties. [SIGNATURES APPEAR ON THE FOLLOWING PAGE]
Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Agreement – Savi Construction (CDBG Funded Curb Ramp Improvements, Plan No. 1402) Page 28 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
Danny Aleshire
City Attorney
Kyle Johnson
Finance Director/City Treasurer
ATTEST:

Kathleen R. Sessman
City Clerk/Communications Director
CONTRACTOR:

SAVI CONSTRUCTION, INC., a California corporation
Name: Ramesh Bachuvala
Title: President/Chief Financial Officer
Email: [email protected]
Address: 6725 Birmingham Dr., Chino, CA 91710
.

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 Feb 13, 2026 | 8:31 AM PST
A-1
CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 EXHIBIT “A”

SCOPE OF WORK
I. Contractor shall perform all the work and comply with all of the specifications and requirements in the “General Provisions” and “Special Provisions” included in the Bid Documents for the Project entitled CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, Plan No. 1402, including any documents or exhibits referenced therein.

II. Brief description of the work to be performed:

The Project entails the removal of existing curbs, gutters and sidewalks and constructing ADA-compliant curb ramps, installing ADA-compliant curb ramp truncated domes on existing curb ramps, and removing & replacing Portland Cement Concrete (PCC) sidewalks, upon public property located between Glendora Ave and Sunflower Ave, north of Gladstone St and south of the 210 Freeway (as further detailed in the Bid Documents).

III. In addition to the requirements of Section 6.2, during performance of the work, Contractor will keep the City apprised of the status of performance by delivering the following status reports:

A. Existing conditions documentation as and when required by the Contract Officer.

B. Bi-Weekly Progress Reports and updates to the schedule as and when required by the Contract Officer.

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

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 B-1
CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 EXHIBIT “B”

SPECIAL REQUIREMENTS
(Superseding Contract Boilerplate)
Added text is indicated in bold italics, deleted text is indicated in strikethrough.

I. ARTICLE 2. COMPENSATION AND METHOD OF PAYMENT.

The following provisions shall be added to Section 2.4 (Invoices):

In the event, a preliminary notice is posted by a subcontractor / supplier / manufacturer / vendor, an unconditional release will be required prior to releasing monies to the Contractor. Alternatively, an amount not to exceed the amount referred in the preliminary notice will be jointly released to the Contractor and the originator of the said notice with a conditional release from the said subcontractor / supplier / manufacturer / vendor.

II. ARTICLE 3. PERFORMANCE SCHEDULE
The following provisions shall be added to Section 3.1 (Time of Essence):

Time being of the essence, the Contractor shall commence the work and shall diligently pursue the work to completion within the time stated in Article 13 of the Instructions to Bidders, and upon the work schedule, if any, as specified in the Special Conditions, except as such time may be extended in writing by the City’s Contract Officer in accordance with Section 3.2 and the provisions of the General Conditions.

III. ARTICLE 5. INSURANCE, INDEMNIFICATION AND BONDS
The following sections of Article 5 shall be deleted in their entirety:

Section 5.1 (c) - Professional liability (errors & omissions) insurance.

Section 5.1 (e) – Builder’s risk insurance.

Section 5.1 (f) – Pollution liability insurance.

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 C-1
CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 EXHIBIT “C”

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

Line
Item
Item Description
Unit of
Measure
Quantity Unit Price Extension
1 Mobilization & De-Mobilization 1 LS. $2,000.00 $2,000.00 2 Traffic Control 1 LS. $2,000.00 $2,000.00
3 Remove existing concrete improvements and
construct curb ramp per SPPWC STD. Plan 111-

5. Install ADA-compliant truncated domes on
newly constructed curb ramps. *
26 EA. $4,300.00 $111,800.00
4 Remove & replace 4" thick PCC sidewalk per
City of Glendora SD&S 1.02.**
8,000 SF. $10.00 $80,000.00
5 Grind existing sidewalk joint flush with adjoining
panels. **
100 LF. $30.00 $3,000.00
6 Install ADA-compliant truncated domes on
existing curb ramps. 9 EA. $700.00 $6,300.00
A.1
Remove and replace existing curb ramps per
SPPWC STD. Plan 111-5. Install ADA-compliant
truncated domes on newly constructed curb
ramps. *
5 EA. $4,500 $22,500.00
Not to Exceed Total $227,600.00
* Curb ramp type to be determined in the field.
** The City Engineer, or their representative, will walk the Project site with the Contractor to determine final locations & quantities.

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

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

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

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

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 C-2
CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 C. Line items for all other approved reimbursable expenses claimed, with supporting documentation.

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

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 D-1
CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 EXHIBIT “D”

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

Description Days to Perform Deadline Date
A. All Work 45 Working Days
from City’s issuance
of the NTP
June 30, 2026
II. Contractor shall deliver the following tangible work products to the City by the following dates.

A. Existing Conditions documentation – Due by March 31, 2026.

B. Bi-Weekly Progress Reports.

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402

PERFORMANCE BOND
WHEREAS, the CITY OF GLENDORA, (“City”), has awarded to __________________________________, as Contract for the work entitled and described as follows: CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402.

WHEREAS, the Contractor is required under the terms of said Contract to furnish a bond for the faithful performance of the Contract;
NOW, THEREFORE, we the undersigned Contractor and Surety, are held and firmly bound unto the City in the sum of ________________________________________ ($______________), this amount being not less than one hundred percent (100%) of the total Contract price, lawful money of the United States of America, for payment of which sum well and truly be made we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents. In case suit is brought upon this bond, the Surety will pay a reasonable attorney’s fee to the City in an amount to be fixed by the court.

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

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

Executed on 20___.

PRINCIPAL
(Seal if Corporation) By
Title
(Attach Acknowledgment of Authorized Representative of Principal) Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 Any claims under this bond may be addressed to:
(name and address of Surety)
(name and address of Surety's agent for service of
process in California, if different from above)
(telephone number of Surety's agent in California)
(Attach Acknowledgment)
SURETY
By
(Attorney-in-Fact)
APPROVED:
(Attorney for CITY)
NOTICE:

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402

PAYMENT BOND
(Labor and Material Bond)
WHEREAS, the CITY OF GLENDORA, (“City”), has awarded to __________________________________, as Contractor (“Principal”), a Contract for the work entitled and described as follows:

CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2025-2026, PLAN NO. 1402.

WHEREAS, said Contractor is required to furnish a bond in conjunction with said Contract, to secure the payment of claims of laborers, mechanics, material men, and other persons as provided by law;
NOW, THEREFORE, we the undersigned Contractor and Surety, are held and firmly bound unto the City in the sum of ________________________________________ ($______________), this amount being not less than one hundred percent (100%) of the total Contract price, lawful money of the United States of America, for payment of which sum well and truly be made we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents. In case suit is brought upon this bond, the Surety will pay a reasonable attorney’s fee to the City in an amount to be fixed by the court.

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

This bond shall inure to the benefit of any of the persons named in Civil Code Section 9100 so as to give a right of action to such persons or their assigns in any suit brought upon the bond.

Moreover, if the City or any entity or person entitled to file stop payment notices is required to engage the services of an attorney in connection with the enforcement of this bond, each shall be liable for the reasonable attorney's fees incurred, with or without suit, in addition to the above sum.

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 Executed on , 20___.

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

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402

WORKERS COMPENSATION INSURANCE CERTIFICATE
Description of Contract: City of Glendora
Project: CDBG-FUNDED CURB RAMP IMPROVEMENTS
PROJECT FY 2025-2026, PLAN NO. 1402
Type of Insurance: Workers' Compensation and
Employers' Liability Insurance
THIS IS TO CERTIFY that the following policy has been issued by the below-stated company in conformance with the requirements of Article 5 of the Contract and is in force at this time, and is in a form approved by the Insurance Commissioner.

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

POLICY NUMBER EXPIRATION DATE LIMITS OF LIABILITY
Workers' Compensation:

Statutory Limits Under the Laws
of the State of California
Employers' Liability:
$_________________ Each Accident
$_________________ Disease - Policy Limit
$_________________ Disease - Each Employee
Named Insured (Contractor) Insurance Company
Street Number Street Number
City and State City and State
By
(Company Representative)
(SEE NOTICE ON NEXT PAGE)
Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 Insurance Company Agent for Service
of Process in California:

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

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

NOTICE:

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402

ADDITIONAL INSURED ENDORSEMENT

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

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

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

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

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

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

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

7. Company hereby waives all rights of subrogation and contribution against the Additional Insureds, while acting within the scope of their duties, from all claims, losses and liabilities arising out of Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 or incident to the perils insured against in relation to those activities described generally above with regard to operations performed by or on behalf of the Named Insured regardless of any prior, concurrent, or subsequent active or passive negligence by the Additional Insureds.

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

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

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

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

TYPE OF COVERAGES TO WHICH POLICY PERIOD LIMITS OF

THIS ENDORSEMENT ATTACHES FROM/TO LIABILITY

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

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

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

14. This endorsement is effective on at 12:01 a.m. and forms a part of Policy Number .
(signatures on following page)
Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 I, (print name), hereby
declare under penalty of perjury under the laws of the State of California, that I have the authority to bind the Company to this endorsement and that by my execution hereof, I do so bind the Company.

Executed , 20
Signature of Authorized Representative
(Original signature only; no facsimile signature
Telephone No.: ( ) or initialed signature accepted)
Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402

ADDITIONAL INSURED ENDORSEMENT

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

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

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

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

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

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

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

7. Company hereby waives all rights of subrogation and contribution against the Additional Insureds, while acting within the scope of their duties, from all claims, losses and liabilities arising out of or incident to the perils insured against in relation to those activities described generally above with regard Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 to operations performed by or on behalf of the Named Insured regardless of any prior, concurrent, or subsequent active or passive negligence by the Additional Insureds.

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

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

City Manager
City of Glendora
116 E. Foothill Blvd.

Glendora, California 91741-3380

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

TYPE OF COVERAGES TO WHICH POLICY PERIOD LIMITS OF

THIS ENDORSEMENT ATTACHES FROM/TO LIABILITY

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

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

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

14. This endorsement is effective on at 12:01 a.m. and forms a part of Policy Number .
(signatures on following page)
Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 I, (print name), hereby
declare under penalty of perjury under the laws of the State of California, that I have the authority to bind the Company to this endorsement and that by my execution hereof, I do so bind the Company.

Executed , 20
Signature of Authorized Representative
(Original signature only; no facsimile signature
Telephone No.: ( ) or initialed signature accepted)
Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402

ADDITIONAL INSURED ENDORSEMENT

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

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

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

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

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

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

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

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

Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402

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

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

City Manager
City of Glendora
116 E. Foothill Blvd.

Glendora, California 91741-3380

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

TYPE OF COVERAGES TO WHICH POLICY PERIOD LIMITS OF

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

11. Applicable underlying coverages:

INSURANCE COMPANY POLICY NO. AMOUNT

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

13. A □ deductible or □ self-insured retention (check one) of $ Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835 CDBG-FUNDED CURB RAMP IMPROVEMENTS PROJECT FY 2024 – 2025, PLAN NO. 1402 applies to all coverage(s) except:
(if none, so state). The deductible is applicable □ per claim or □ per occurrence (check one).

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

15. This endorsement is effective on at 12:01 a.m. and forms a part of Policy Number _________.
(signatures on following page)
I, (print name), hereby
declare under penalty of perjury under the laws of the State of California, that I have the authority to bind the Company to this endorsement and that by my execution hereof, I do so bind the Company.

Executed , 20
Signature of Authorized Representative
(Original signature only; no facsimile signature
Telephone No.: ( ) or initialed signature accepted)
Docusign Envelope ID: 39B7F7EA-8562-4160-803E-1BBC92910835

STAFF REPORT
TO: Mayor and Council Members DATE: February 24, 2026
FROM: Community Development DISTRICT(S): 4
SUBJECT: Final Tract Map No. 83901 (Applicant - Owner: Enclave Oak Glenn, LLC; Location – 1201-1215 E. Highway, Glendora)

RECOMMENDATION
That the City Council:

1. Adopt a City Council Resolution entitled, “A RESOLUTION OF THE CITY COUNCIL APPROVING TRACT MAP NO. 83901 FOR SUBDIVISION OF LAND TO CREATE 46 RESIDENTIAL CONDOMINIUM UNITS ON A SINGLE LOT, GLENDORA, CALIFORNIA”;

2. Authorize the Mayor to execute the Indemnity and Subdivision Improvement Agreements; and

3. Authorize the City Engineer and City Clerk to sign Final Tract Map No. 83901.

Executive Summary
The project applicant/owner is requesting approval of Final Tract Map No. 83901 for a new subdivision consisting of 46 residential condominium units on a single lot. This item will adopt the resolution necessary to approve said map.

Legislative History / Previous Actions
On April 23, 2024, the City Council approved Tentative Tract Map No. 83901, located at 1201-1215 East Arrow Highway, for the subdivision of 1.93 acres of land consisting of 46 residential condominium units (Attachment G).

The City Council’s adopted resolution CC 2024-11 has been included for reference as an attachment to this report (Attachment C).

Discussion
Pursuant to Sections 66458 and 66474.1 of the California Subdivision Map Act (Act), the approval of a final map is a ministerial action and cannot be denied if the final map is in substantial conformance with the conditionally approved tentative map and conforms to the requirements established by the Act and local ordinance. The City Council is the decision-making body for final maps, and if the map conforms to all requirements, must approve the map at the meeting at which it received the map, or at its next regular meeting.

The City's Contract Surveyor has certified the map for mathematical accuracy, survey analysis, title information, and Subdivision Map Act compliance. As required prior to approval of the Final Map by the City Council, the subdivider is in substantial compliance with the tentative map and all required Conditions of Approval (Attachments F and C). All off-site plans have been submitted to the City Engineer for approval. The developer has deposited all the fees and submitted required bonds and insurance. Developer has also executed the required Indemnity and Subdivision Agreements (Attachments D and E).

Staff recommends the City Council receive the final map and adopt the resolution recommending City Council approval of Tract Map No. 83901 (Attachments A and B) and authorize the mayor to sign the Indemnity and Subdivision Improvement Agreements (Attachments D and E). City Council also authorizes City Engineer or their consultant City Engineer/Surveyor and City Clerk to sign Final Tract Map No. 83901 before filing with the County Recorder.

Fiscal Impact
There is no fiscal impact for this project, and the Applicant has paid the fees associated with requested council action. In the long term, the development would also provide increased property tax revenue.

Environmental Determination
A Notice of Exemption was adopted by the City Council on April 23, 2024, for the tentative map and associated project for 46 residential condominium units on a single lot (Attachment G). Final maps are ministerial projects and exempt from the requirements of the CEQA as stated in Section 15268 of the CEQA Guidelines.

Prepared By: Algis Marciuska, Principal Engineer for Land Development Concurs With: Not Applicable
Reviewed By: Jeff Kugel, Community Development Director Certified to Availability of Funds: Not Applicable
Approved By: Moises Lopez, Assistant City Manager
Legal Review: Jessica Santiago, Assistant City Attorney CEQA Review: Jeff Kugel, Community Development Director Attachments
A_Resolution_Approving_Final_Tract_Map_No_83901.pdf
B. Final Tr Map No 83901.pdf
C. Reso CC 2024-11 East Arrow Highway.pdf
D_Indemnity_Agmt_-_Tract_83901.pdf
E. Subdivision Agrmt with Bonds - Tract 83901.pdf
F. Approved TTM No 83901.pdf
G. City Council Report Approving TTM 83901 04.23.2024.pdf RESOLUTION CC 2026-____

A RESOLUTION OF THE CITY COUNCIL APPROVING FINAL TRACT
MAP NO. 83901 FOR A SUBDIVISION LOCATED AT 1201-1215 EAST ARROW HIGHWAY, GLENDORA, CALIFORNIA.

THE CITY COUNCIL
City of Glendora, California
WHEREAS, the Tentative Map for Tract No. 83901 has heretofore been submitted to the City Council of the City of Glendora; and WHEREAS, said Tentative Tract Map was approved by the City Council for the City of Glendora on April 23, 2024, with conditions imposed thereon; and WHEREAS, the Subdivider has knowledge of and agrees to all of the conditions imposed upon said Tentative Map and has taken the necessary steps to comply with such conditions or to provide for the performance of such conditions; and WHEREAS, the Subdivider has executed that certain Subdivision Improvement Agreement for subdivision of Tract Map No. 83901 and has paid all the fees and provided all the security devices required to guarantee the performance of the terms and provisions of such agreement; and
WHEREAS, the Subdivider has executed that certain Indemnity Agreement for subdivision of Tract Map No. 83901; and
WHEREAS, the Consultant City Engineer/Surveyor has reviewed said tentative map and said final map and recommends the approval of the Final Map for Tract No. 83901.

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

SECTION 1. The City Council of the City of Glendora hereby approves the Final Map for Tract Map No. 83901 and directs that the City Engineer and City Clerk execute the same on behalf of the City of Glendora when all of the signatures that are required to be placed on such final map have been so signed.

SECTION 2. The Mayor shall sign this Resolution and the City Clerk shall attest and certify to the passage and adoption of this Resolution and thereupon the same shall take effect and be in force in accordance with its terms and provisions.

SECTION 3. The City Clerk shall certify to the passage and adoption of this resolution and shall enter the same in the Book of Original Resolutions.

Resolution CC 2026-. _____ Page 2 of 2
PASSED, APPROVED and ADOPTED by the City Council of the City of Glendora this ___ day of , _____.

BY: __________________________

DAVID FREDENDALL
Mayor
APPROVED AS TO FORM:

ALESHIRE & WYNDER, LLP

DANNY ALESHIRE
City Attorney

CERTIFICATION
I, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Glendora at a regular meeting held on the ___ day of ______, 2026, by the following vote:

AYES: MEMBERS:

NOES: MEMBERS:

ABSENT: MEMBERS:

ABSTAIN: MEMBERS:

Dated:
________________________________
KATHLEEN R. SESSMAN
City Clerk/Communications Director

RESOLUTION NO. CC 2024-11

A RESOLUTION OF THE CITY COUNCIL APPROVING TENTATIVE
TRACT MAP NO. 83901 AND DEVELOPMENT PLAN REVIEW FOR
SUBDIVISION OF LAND TO CREATE 46 RESIDENTIAL

CONDOMINIUM UNITS AND DEVELOPMENT PLAN REVIEW FOR

THE CONSTRUCTION OF THE TOWNHOMES ON CERTAIN
PROPERTY LOCATED AT 1201-1215 EAST ARROW HIGHWAY,
GLENDORA, CALIFORNIA (PROJECT FILE NO. PLN23-0015;
APPLICANT: ABELL HELOU HOMES, INC; PROPERTY OWNER:

PEPPERTREE GLEN DEVELOPMENT LLC)

THE CITY COUNCIL
City of Glendora, California

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

WHEREAS, the California Subdivision Map Act (codified at California Government Code, Title 7, Division 2, commencing with Section 66410) establishes the legal framework regarding the division of land; and
WHEREAS, Glendora Municipal Code (GMC) §21.02.040 establishes procedures for the review of development applications proposed through a Development Plan Review (DPR) application; and
WHEREAS, the properties at 1201-1215 East Arrow Highway, Glendora, California, are located in an established neighborhood of commercial and residential type uses; and WHEREAS, GMC §21.02.040 provides that the purpose of a DPR is to establish procedures “whereby development plans can be reviewed to ensure orderly development, aesthetic design, safe and harmonious placement and to:

1. Prevent or minimize adverse impacts on property in the vicinity;

2. Implement the general plan and applicable specific plans;

3. Protect the public health, safety and welfare;

4. Site structures and other improvements in a manner that is in harmony with the terrain and existing developments in the vicinity;

5. Encourage and promote energy-efficient design”; and
WHEREAS, GMC §21.02.040(G) provides that the reviewing body (in this case, the City Council) may impose such conditions as it deems necessary to ensure that the project will meet the development standards of the zone and the purpose and intent of the DPR; and WHEREAS, on June 30, 2023, Abell Helou Homes, Inc. (Applicant) filed an application for a Tentative Tract Map (TTM) (No. 83901) and DPR for 46 three-story, residential condominium townhomes on certain property located at 1201-1215 East Arrow Highway, Glendora, California (Project File No. PLN23-0015); and DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 2 of 14
WHEREAS, the City of Glendora (City), as lead agency, is responsible for preparing environmental documentation in accordance with the California Environmental Quality Act (CEQA) to determine if approval of the discretionary actions requested and subsequent development would have a significant impact on the environment; and WHEREAS, a CEQA Environmental Impact Report (EIR) was prepared for the Arrow Highway Specific Plan (AHSP) [State Clearinghouse #2017041043] and adopted by the Glendora City Council on September 25, 2018. This EIR included the full analysis for future construction of up to 739 residential units at realistic buildout within the City’s portion of the Arrow Highway corridor. The AHSP’s EIR is applicable to all future residential development plans if they are in conformance with the specific plan, thus requiring no further environmental documentation; and WHEREAS, if the subject proposal for the subdivision and development of 46 residential condominium townhomes is approved with a determination that it follows the AHSP’s intent, then no further CEQA review is necessary, and a Notice of Exception (NOE) can be submitted as the project’s CEQA compliance; and
WHEREAS, a public hearing was held by the Planning Commission of the City, on April 2, 2024, after due notice was given as required by law, at which time oral and documentary evidence was introduced along with the written recommendation of the Planning Division staff of the City; and
WHEREAS, on April 2, 2024, the Planning Commission recommended approval of the TTM and DPR (Project File No. PLN23-0015) to the City Council; and WHEREAS, a public hearing was held by the City Council of the City, on April 23, 2024, after due notice was given as required by law, at which time oral and documentary evidence was introduced along with the written recommendation of the Planning Commission of the City.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GLENDORA AS FOLLOWS:

SECTION 1 . The above recitals are true and correct and are incorporated by reference.

SECTION 2. The City Council hereby makes Findings with Facts, which are hereby incorporated in full as follows:

FINDINGS FOR TENTATIVE TRACT MAP

1. The proposed map is consistent with applicable general and specific plans as specified in §65451 of the California Government Code.

FACT: Pursuant to §66473.5 of the California Government Code, the proposed TTM together with the provisions for its design and improvements are consistent with the City’s General Plan Land Use Element Designation of AHSP. The proposed TTM is for a 46-unit, residential condominium townhome development that will provide housing ownership opportunities for the community. The proposed residential is consistent with the allowed uses for the AHSP. Finally, the project location is in general proximity to City employment areas, active and passive recreational opportunities, a variety of commercial areas, and multi-modal transportation routes.

DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 3 of 14

2. The design or improvement of the proposed subdivision is consistent with applicable general and specific plans.

FACT: The proposed development of residential homes is consistent with the General Plan and complies with the applicable goals, objectives and policies of the City's General Plan Elements. The residential development provides a diverse housing choice for future residents (Land Use Element Goal LU-7: A diverse range of housing choices; LU-10: Quality Infill Development; LU-18: Compatibility of Adjacent Uses; & LU-21: Preservation of Neighborhood Character). The subject site is located within a neighborhood with access to commercial areas and multiple transportation options (Housing Element Goal 3: Range of Housing Opportunities).

The development project will use the latest energy conservation features to conserve natural resources and lower energy costs. The development project includes mitigation measures to ensure that noise and vibration will not exceed normally accepted levels (Noise Element Goal N3: Coordinated Land Use Planning and Noise Mitigation). The development project complies with the General Plan Land Use Designation and zoning ordinance standards, with permitted deviations. Finally, the AHSP identifies several areas that specifically relate to the project site’s development, which upon review have been determined to be compatible with the General Plan.

3. The site is physically suitable for the type of development and can accommodate the development standards of this title or as is otherwise required.

FACT: The site is designed and graded to be physically suitable for the 46-unit residential condominium townhome development. The project site has frontage on Arrow Highway which provides access and connections to existing public utilities. A private driveway provides adequate vehicular (including Fire Department equipment access) access throughout the site.

The Fire Department has reviewed and accepted the site layout.

4. The site is physically suitable for the proposed density of development.

FACT: The proposed site is designed and graded to be physically suitable for the 46-unit, residential condominium townhome development. The project density of 46 units is less than the allowed maximum (30 dwelling units per acre) and consistent with the minimum dwelling units per acre (i.e., the project’s density proposes 80 percent of the maximum allowed for the site).

5. The design of the subdivision or the proposed improvements are not likely to cause substantial environmental damage or substantially injure fish or wildlife or their habitat.

Fact: The subject site is located within an established urban neighborhood and the 46-unit residential condominium subdivision is considered an infill project. There are no fish or wildlife, or related habitats present on the property, and none would be affected by the project. A previous environmental review was conducted pursuant to CEQA and concluded that the project along Arrow Highway will have no significant environmental impact. The design of the subdivision and proposed improvements will not cause environmental damage.

6. The design of the subdivision or type of improvements is not likely to cause serious public health, safety, or welfare problems.

DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 4 of 14
Fact: The design of the subdivision and the proposed improvements will not result in public health, safety, and welfare problems. The subdivision includes private and common open space for recreational opportunities for residents. The subdivision design complies with Los Angeles County Fire Department emergency vehicle access requirements.

7. The design of the subdivision or the type of improvements will not conflict with easements, acquired by the public at large, for access through or use of, property within the proposed subdivision.

FACT: The subdivision will not conflict with any existing public easements and new easements will be recorded as necessary for public utilities, drainage, and other issues.

FINDINGS OF FACT FOR DEVELOPMENT PLAN REVIEW

1. The use is authorized by Development Plan Review pursuant to this title.

FACT: Pursuant to Glendora Municipal Code (GMC) §21.02.040(B), the construction of multiple-family projects—apartments, condominiums, and cooperatives—is permitted with the approval of a Development Plan Review application.; and as 46 units are proposed, Planning Commission review is required.

2. The use is consistent with the general plan and other applicable plans.

FACT: The proposed development of residential homes is consistent with the General Plan and complies with the applicable goals, objectives, and policies of the City's General Elements.

The residential development provides a diverse housing choice for future residents (Land Use Element Goal LU-7: A diverse range of housing choices; LU-10: Quality Infill Development; LU-18: Compatibility of Adjacent Uses; & LU-21: Preservation of Neighborhood Character).

The subject site is located within a neighborhood with access to commercial areas and multiple transportation options (Housing Element Goal 3: Range of Housing Opportunities). The development project will use the latest energy conservation features to conserve natural resources and lower energy costs. The development project includes mitigation measures to ensure that noise and vibration will not exceed normally accepted levels (Noise Element Goal N-3:

Coordinated Land Use Planning and Noise Mitigation). The development project complies with the General Plan Land Use Designation and zoning ordinance standards, with permitted deviations. Finally, the AHSP identifies several areas that specifically relate to the project site’s development, which upon review have been determined to be compatible with the General Plan.

3. The site can accommodate the development standards of this title or as is otherwise required.

FACT: The proposed project is located on four existing lots located at 1201-1215 E. Arrow Highway, is zoned Corridor High Density Residential (AHSO C-CR) and is 1.93 acres in size.

The proposed residential project is comprised of 46 attached, three-story, residential condominium townhomes with two-car garages; a project density of 46 units is less than the allowed maximum (30 dwelling units per acre) and consistent with the minimum dwelling units per acre (80 percent of the maximum equates to 46.56 units per acre). Therefore, the proposed project will conform to the City’s current residential density for this zone in place for the Arrow Highway Corridor.

DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 5 of 14

4. The site is adequately served by streets, utilities, and other services, facilities and improvements.

FACT: The subject property has street frontage on Arrow Highway. The site is served by services and utilities provided by Athens Waste Disposal, Los Angeles County Sanitation District, City of Glendora Water Division, Glendora Police Department, Los Angeles County Fire Department, Southern California Edison, Los Angeles County Flood Control District, and all other public and private services that accommodate the operation of an attached residential condominium development. The right-of-way areas (sidewalks and streets) are located within unincorporated Los Angeles County jurisdiction and are fully improved.

5. The use will not adversely affect the character and integrity of the area, the utility and value of properties in the area, and the health, safety and welfare of the public.

FACT: The proposed project will result in the construction of 46 townhouse condominiums in an established urban neighborhood (commercial and residential uses).

Therefore, the proposed residential condominium project is compatible with the neighborhood.

The development of the lot will not adversely affect the character and integrity of the area or the health, safety, and welfare of the public. The project will not cause any serious health, safety, or welfare problems in that its design and related construction will be performed per the requirements of all applicable codes, including zoning and building.

SECTION 3. The City Council hereby adopts an NOE as the projects required finding and filing for CEQA compliance.

SECTION 4. The City Council hereby approves TTM and DPR (Project File No. PLN23-0015) for the subdivision and development of a 46-unit residential condominium project as described by the report and depicted on project plans attached to the City Council Agenda Report for PLN23-0015, and after determining that the project meets the requirements of GMC §21.02.040 and the California Subdivision Map Act, subject to the following Conditions of Approval:

CONDITIONS OF APPROVAL

1. The Applicant shall sign and submit to the Planning Division a statement indicating agreement with an acceptance of the adopted Conditions of Approval prior to the issuance of grading and building permits.

2. The subject property shall be developed in substantial conformance with project plans attached to the City Council Agenda Report for PLN23-0015, as modified by these Conditions of Approval.

3. The City shall have the right of entry to inspect the premises to verify compliance with the Conditions of Approval and the Glendora Municipal Code.

4. The City shall retain the right and the jurisdiction to review the TTM and DPR (No. PLN23- 0015) in the event the use conducted herein is modified, changed in scope, or the owner or operator seeks to expand, alter, reconfigure, or change the use. This reservation of the right of review is in addition to, and not in lieu of, the right of the City to review and revoke the TTM and DPR (Project File No. PLN3-0015) or to modify the permit for any violation of the Conditions imposed.

DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 6 of 14

5. The Applicant agrees as a condition of issuance of this entitlement to indemnify, protect, defend, and hold harmless, the City, and any agency or instrumentality thereof, and its elected and appointed officials, officers, employees and agents, from and against any and all liabilities, claims, actions, causes or action, proceedings, suits, damages, judgments, liens, levies, costs and expenses of whatever nature, including reasonable attorney’s fees and disbursements (collectively, “Claims”) arising out of or in any way relating to the issuance of this entitlement, any actions taken by the City related to this entitlement or the environmental review conducted under the California Environmental Quality Act, Public Resources Code §21000 et seq., for this entitlement and related actions.

Planning

6. The Applicant shall submit a map detailing the route to be followed by vehicles making deliveries of equipment, materials, and soils to and from the site to the Planning Division and Engineering Division for review and approval prior to the issuance of grading permits.

7. The Applicant shall maintain consistency with the colors and materials submitted to the Planning Division. No modifications(s) of the approved building elevations, including but not limited to, changes of finished material(s) or removal of building articulation shall be made during construction without prior written approval from the Community Development Director.

8. The delivery of materials and equipment and the outdoor use of equipment, hammers, and power tools shall be limited to the hours between 7:00 a.m. and 6:00 p.m., Monday through Friday, with no work allowed on Saturdays, Sundays, or Federal holidays with the exception of interior work. Outdoor yard work is permitted as long as it does not involve heavy equipment or noise-producing equipment.

9. A final wall and fence plan shall be submitted to the Planning Division for review and approval prior to the issuance of building permits. Approved walls and fences shall be installed prior to final occupancy.

10. Walls and fences shall be installed prior to final occupancy consistent with the preliminary fence and wall plan.

11. A Height Certification Form to ensure that per the Zoning Code, and approved Development Plan, no portion of the development shall exceed the maximum allowable height of 45 feet or three stories. A signed copy of this form shall be submitted to the Planning Division prior to the issuance of building permits.

12. The Applicant shall prepare Covenants, Conditions, and Restrictions (CC&Rs) for the development including articles establishing a condominium association. A copy of the draft CC&Rs shall be submitted to the Planning Division and City Attorney for review prior to Final Map approval. The Applicant will be responsible for payment to cover all City staff and City Attorney time required to review said CC&Rs. A recorded copy of the approved CC&Rs shall be submitted to the Planning Division prior to final occupancy as well as final payment to cover any City costs for review. CC&Rs shall include the following requirements:
 The condominium association shall maintain all common areas including private driveways, sidewalks, lighting, landscaping, irrigation, recreation equipment, fixtures, and other improvements.

DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 7 of 14
 The condominium association shall maintain all landscaped areas, including front yard landscaping with the exception of enclosed private patio yard areas.  The condominium association shall provide all water needed for irrigation of the common landscaped areas and for any landscaping and trees in the public right-of-way fronting the project.
 The condominium association shall maintain landscaping and irrigation in the public right-of-way.
 The CC&Rs shall clearly identify building and site maintenance responsibilities.  The CC&Rs shall specify that the parking and/or storage of recreational vehicles, boats, trailers (recreational or business-related) equipment, and similar such vehicles, is prohibited everywhere onsite.
 The CC&Rs shall require that residents use the provided garages and private driveway assigned to their unit to park their vehicles and not for long-term storage.  The CC&Rs shall include a time limit for guest and commercial parking space use.  The CC&Rs shall not be amended without the written consent of the City of Glendora.

13. The Applicant is responsible for submitting forms and fees associated with the formal assignment of addresses for each residential unit and commercial building. The process is initiated with the Public Works and Community Development Departments and is concluded by the City Clerk’s Office.

14. The project is subject to compliance with the City of Glendora’s Community Art Program (CAP) - Ordinance 2083 and Resolution CC 2024-04. As per the requirements outlined in GMC §21.03.150, applicable projects are required to install approved artwork in conjunction with their project (encouraged) or pay an in-lieu contribution equal to a minimum percentage of the total building permit valuation (BPV). Specifically, this project must adhere to the following guidelines adopted into the City’s Master Fee Schedule: New residential developments consisting of 11 or more units/houses and new mixed-use with residential as the primary component - An artwork installation approved by the city or an in-lieu contribution equal to 0.25% of the BPV is required. To ensure compliance with the CAP, the applicant must submit a CAP application and coordinate with the City’s Planning Division.

Approval of CAP application is required prior to building permit issuance.

Landscaping

15. A Water Efficient Landscaping Application and MWELO compliance shall be completed and submitted to both the Planning Division (for landscape) and the Water Division (for irrigation) for review and approval prior to the issuance of building permits. The plan shall be prepared by a licensed landscape architect and shall demonstrate compliance with the Water Efficient Landscape Ordinance (Assembly Bill 1881). Approved landscaping and irrigation shall be installed prior to final occupancy. (GMC §21.03.060)

16. Information regarding existing trees to be removed (location, tree type, size, general health) and the trees proposed as replacements and/or the payment of an in-lieu fee to cover the cost of trees to be removed. Tree in-lieu fees (if required) shall be assessed by the City Public Works Department and paid by the Applicant prior to the issuance of building permits.

Replacement trees shall be based on the City of Glendora Urban Forestry Manual and information shall be presented as part of the final landscape design plans.

DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 8 of 14

17. All pedestrian paths, crosswalks, and project entrances shall utilize decorative paving and should be shown on the landscape plan submitted to the Planning Division.

18. All light fixtures, including freestanding and building-mounted, shall be decorative and complementary to the architectural style of the buildings and shall be subject to approval by the Planning Division.

19. All common area landscaping shall be installed by the developer and maintained by the condominium association.

Air Quality

20. The best available control measures to minimize fugitive dust emissions shall be utilized, including but not limited to watering soils as necessary to minimize dust generation. (SCAQMD Rule No. 403)
Land Development Division
Final Tract Map/Site Development:

21. A final tract map is required and shall be submitted at time of plan check. The final map will be reviewed for technical accuracy by the City’s contract Land Surveyor. Developer is responsible for all such costs. A title report/subdivision report less than 6 months old is required at the time of submittal. Include copies of all underlying documents/easements of record referenced in the title report. The Surveyor preparing the map must follow GMC §20.12.010 as well as the California Subdivision Map Act. Show all easements on the property with the proper labels, identifications, and dimensions. Refer to the City’s final map review sheet for detailed requirements.

22. An Indemnity Agreement and a Subdivision Improvement Agreement must be signed by the developer and approved by the City prior to final map approval. The developer will submit the final map to the City’s contract Land Surveyor for technical review. The Developer is responsible for all fees associated with this review. All civil engineering drawings, reports, and studies must be signed and sealed by the engineer of record/responsible engineer.

23. Driveway widths and turning radii will be reviewed and approved by Los Angeles County Fire Department for accessibility during the plan check phase.

24. Together with the Civil Engineering Drawings prepared for the project, prepare and submit for plan check, a Composite Utility Plan showing all existing utilities to remain, to be relocated, or to be removed and all proposed utilities to be installed on-site and off-site for this project.

Indicate the utility agency or company of all existing utilities; provide drawings, details, notes, and specifications for the proposed utility work.

Stormwater

25. This project is required to comply with the Federal NPDES and State Municipal Separate Storm Sewer System (MS4) requirements. Projects subject to the MS4 are to implement postconstruction low impact development (LID) storm water runoff water quality control measures as a way to reduce downstream runoff. Follow GMC §21.03.090 to determine Applicability DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 9 of 14
and Performance Criteria. A final and complete LID Report and Plans for the construction of LID improvements will be required for the project, and it must be submitted for review at time of first plan check. Follow Los Angeles County LID Standards Manual for design and format of LID Report. The soils engineer of record must review and approve the infiltration system.

Refer to the City’s drainage and storm water requirements for detailed information.

26. This project is required to comply with the State Construction NPDES permit. This requires a Storm Water Pollution Prevention Plan (SWPPP) for implementation during the construction phase of the project. The SWPPP must be prepared by a Qualified SWPPP Developer (QSD) and must be submitted to Public Works for review and approval. The SWPPP must be reviewed and approved prior to the issuance of the grading permit. The approved SWPPP must be implemented by a Qualified SWPPP Practitioner (QSP) during construction. Detailed plans for erosion control must be included within the SWPPP, and they shall include all necessary Best Management Practices (BMPs) and follow the City’s erosion control requirements.

Grading and Drainage:

27. Grading and drainage plans are required together with supporting documents (such as geotechnical, drainage/hydrology/LID reports/plans) and must be submitted with the first plan check. The recommendations of the geotechnical engineer of record and will be reviewed according to the City’s Grading Plan to the Public Works Department. A permit from the City of Glendora Public Works Department and a grading bond will be required prior to the start of construction. Show all existing and proposed easements on the improvement plans. Label, dimension, and identify easement holders. Complete and provide a copy of the City’s Grading Plan Checklist.

28. All structural BMP’s for the project must be shown in detail on the grading plans. The grading plan will need to be reviewed/approved by the soils engineer. A minimum ½” per hour percolation rate must be verified by the soils engineer for the project via a percolation test and included in next submittal for any areas where storm water is proposed to be infiltrated.

29. GMC §20.28.010 requires underground utilities in new developments. Coordinate with utility agencies as necessary.

30. A final geotechnical report is required, shall address over-excavation, and must be submitted at time of first engineering plan check. While the City does require reports be prepared following the Los Angeles County GMED manual, the City has not adopted its building code. First submittal of the Grading Plan should be signed and stamped by the geotechnical engineer stating that the Grading Plan is in conformance to the geotechnical/soil engineer recommendations.

After final grading plan approval, the grading plan Mylar will also be wet signed and stamped by the geotechnical engineer. As necessary, provide an update letter if the soils report is greater than one year old. The geotechnical report for this project may be peer reviewed by the City’s contract geotechnical engineer and/or geologist. The developer is responsible for all costs. A $1,500 deposit is required to cover review of the geotechnical report.

31. The Final Drainage Study Report is required at time of first engineering plan check, and it must follow the City’s Hydrology & Hydraulics report format and discuss the offsite stormwater runon flows (if any) from properties surrounding the site. The report should analyze both off-site storm water run-on and on-site storm water flow. The report must be coordinated with the project LID Report.

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32. Storm Drain Plans with profiles and details of proposed drains, inlets, and facilities may be required. For connection to a L.A. County storm drain, reports and plans required by the County must be submitted to the City and Los Angeles County for plan check and permitting.

33. When grading plans are submitted for first plan check, a fee is required based on the cubic yards of earth moved. A plan check fee will be collected at the time of first submittal based on the quantity on the submittal. Include over excavation and re-compaction quantity in calculation of the cut and fill quantities. At the time of issuing grading permit, final plan check fees will be adjusted accordingly with additional fees paid or refunded determined by final yardage.

Grading Bond will be required.

Water/Fire Service:

34. Water is served by the City of Glendora. The water service connection will be at Arrow Highway with a master meter. The water main on the project site will be private and maintained by the Condominium Association. Exact service locations to be determined when final site plan is approved, but they shall not be located in drainage features or where water could pond.

Easements may be required to access water meters, check valves, and other water devices.

35. Provide a water study, as directed by the PWD/Water Division, to determine the impact of the development’s water demand on the City’s water system compared to the existing condition.

Contact the PWD/Water Division for specific requirements.

36. Provide domestic water demand calculations and service size, including fixture count for the entire property. Engineering calculations used for water demand shall be included. This will help assure that the current City's water main will accommodate the additional water demand at this proposed development. Include meter sizes, service sizes, and distance of furthest fixture from the meter. Indicate if fire sprinklers, private fire hydrants, or other fire protection equipment will be required by the Los Angeles County Fire Department. If any of the above fire protection equipment is required, such equipment shall be included in the calculation for water demand.

37. Frontage fees may apply to this project. Developer may be required to replace or upgrade the existing water lines fronting the project, and upsize existing water lines as necessary to meet requirements stipulated in the water model performed for the proposed development. Water improvement plans shall be prepared in accordance with City guidelines, and they shall be submitted to the PWD/Water Division for plan check. Contact the Water Division at (626) 914- 8249 to determine water service requirements.

38. The owner/applicant may be required to provide water rights to serve the project. Currently water rights fees are approximately $14,000 per acre foot of water. When the final number of units and amount of landscaping are decided, contact the PWD/Water Division at (626) 914- 8249 regarding the process of determining the water rights fee and to request a water will serve letter.

39. Backflow prevention shall be provided per City Standard Detail 2.30 for structural fire protection (i.e., sprinklers) and landscape irrigation systems. Plans shall be submitted to the Public Works Department with applicable plan check fees.

40. Installation of public and/or private water mains is required to serve the proposed development.

A separate plan submittal will be required for any new or upgraded water mains, fire hydrants DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 11 of 14
or fire water lines which will serve the site. That plan is a separate submittal to the PWD/Water Division as well as the CDD/Land Development Division and Los Angeles County Fire Department for review and approval. The plan will be prepared using a City of Glendora title block and must show the connection in the public right of way and must have a signature block for the Los Angeles County Fire Department. Plan review fee of 5% of the engineer’s estimate is due at time of first submittal. For Los Angeles County Fire Department requirements, please contact Fire Staff at (626) 963-5564.

41. If water easements or any other easements are required and not shown on the final tract map, follow the Engineering guidelines for preparing legal descriptions and plats. The City uses an outside land surveying firm to perform the review of any documents stamped by a land surveyor for which the developer is required to pay. The developer will be required to deposit $1,000 for the initial review of the document. Any unused funds are returned or if additional fees are required, an additional deposit will be requested.

42. Fire flow tests are required by Los Angeles County Fire Department. Contact the Public Works desk at (626) 914-8246 apply for and schedule a test.

Sanitary Sewer:

43. The City of Glendora owns the sewer collection system, but it is operated and maintained for the City as part of the County’s Consolidated Sewer Maintenance District (CMSD). The plan check process for any sewer improvement plans will go through both City of Glendora and Los Angeles County Public Works following County guidelines and requirements.

44. The treatment system for Glendora’s sewer is owned and operated by the Los Angeles County Sanitation District No. 22. The developer’s Civil Engineer will need to contact the CMSD to obtain a treatment will serve letter as well as pay the appropriate fees. For further information, contact CMSD Staff at (562) 908-4288, extension 2717.

45. The developer has provided Part 1 of the sewer study for this project (video inspection of the existing reach of sewer downstream of the proposed point of connection at the north tract boundary) during the entitlement phase of this project. The video inspection shows the existing sewer to be in good condition and appears to be a feasible point of connection. At time of plan check, Part 2 the sewer study (Sewer Area Study) shall be submitted for review and approval.

A sewer study is required for the project following Los Angeles County Public Works guidelines to determine the effect (if any) on the existing sewer system. The analysis includes the City sewer lines between the project site and the County Trunk Sewer located in Sunflower Avenue. Refer to the standard County area study guidelines and flow rate/capacity information at http://dpw.lacounty.gov/ldd/lddservices/sewerAreaStudy/sewerAreaStudy.shtml.

46. On-site sewer will be City of Glendora public sewer. Off-site sewer may require new or upgraded facilities. All public sewers require a sewer improvement plan and profile prepared in accordance with the CSMD Standards and Requirements. The plan check process will go through both the City of Glendora and Los Angeles County Public Works. The developer will be responsible for Plan Check fees for the City and the County. City’s plan review fee is 5% of the engineer’s estimate and is due at time of first submittal. Sewer acreage and frontage charges may be applicable.

DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 12 of 14
Street Improvements:

47. The developer’s Civil or Traffic Engineer must prepare a traffic/parking exhibit and a line of site analysis/exhibit at entrance/exit to/from the project site and include any recommendations for additional red curb to provide adequate site distance. The traffic/parking exhibit must show street parking, bike and parking lanes, signs, driveways, ramps, and any other traffic control device from 100 feet west of the project site to 100 feet east of the project site. The exhibit must be submitted at time of first plan check submittal to the Land Development Division for review and approval.

48. New streetlights may be required along the project frontage. A street light study/review of existing/proposed streetlights is required to determine exact number and locations of streetlights for this project. The study shall be submitted with the street improvement plan first check. All new streetlights shall be shown on the street improvement plans for this project. Study, review, and proposed design of streetlights shall be coordinated with SCE and the Land Development Division.

49. Any and all street improvements, utility, and trench work require a permit from the City of Glendora Public Works Department. Permits are also required from LA County for work in Arrow Highway. City Standards are available online at:
http://www.ci.glendora.ca.us/index.aspx?page=143

50. Construction temporary traffic control plans for Arrow Highway and any signing and striping plans for the public streets must be prepared and submitted to the L.A. County Public Works Department and City Land Development Division for review/approval during the plan check phase.

Public Works – Landscaping/Irrigation Plan:

51. Landscape/Irrigation Plan will be processed through both the Planning Division (for landscape) and the Water Division (for irrigation). All the irrigation and landscape plans shall be Water Efficient. They shall be submitted at time of first plan check.

Waste Management:

52. All construction, demolition, and renovation projects within the city with a total valuation cost for the new or remodeled construction as determined by the City Building Official which are, or projected to be, greater than or equal to one hundred thousand dollars shall submit a Waste Management Plan to the Public Works Department for review and approval prior to issuance of any permits in compliance with the City’s Construction and Demolition Ordinance No. 1811.

The approved Waste Management Plan shall be implemented upon start of demolition, grading, and construction and maintained throughout the project until issuance of a certificate of occupancy. The City may review and amend the plan as needed. Guidelines are available from the recycling coordinator (GMC §6.09).

Public Works – Miscellaneous:

53. Applicant will be required to apply for formal address assignment. For details and fees, contact Public Works at (626) 914-8246.

DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 13 of 14
Los Angeles County Fire Department - Final Map Requirements

54. All fire hydrants shall measure 6”x 4"x 2-1/2" brass or bronze, conforming to current AWWA standard C503 or approved equal, and shall be installed in accordance with the 2017 County of Los Angeles Fire Code, Table B105.1

55. The required fire flow for the public fire hydrants for this project is 2500 gpm at 20 psi residual pressure for 2 hours. Two public fire hydrant(s) flowing simultaneously may be used to achieve the required fire flow. Fire Code 507.3 & Appendix B105.1

56. Install three new public fire hydrants as indicated on the Site Plan.

57. All required public fire hydrants shall be installed, tested and accepted prior to beginning construction. Fire Code 501.4
Los Angeles County Fire Department

58. The approval of this permit shall be contingent on approval by the Los Angeles County Fire Department. Any changes resulting from the requirements of the Los Angeles County Fire Department shall be submitted to the Planning Department for review and approval prior to the commencement of construction.

59. A final fuel modification plan shall be submitted and approved by the Forestry Division prior to building plan approval. Implementation of the approved Final Fuel Modification Plan and final inspection will be required prior to the approval of final occupancy. Submit 3 copies of the completed fuel modification plan to the Fuel Modification Unit: Fire Station 32, 605 N.

Angeleno Avenue, Azusa 91702-2904. Phone (626) 969-5205, Fax (626)969-4848 (Fire Code 4908).

Term

60. The approved use and/or construction work shall commence within 24 months after the effective date of the approval, or such other period specified as a condition of approval and shall be carried on diligently to completion. If the use or construction work is not started within the required time and carried on diligently to completion, the permit shall become void; however, the Director may extend the time limit in the case of unavoidable delay. The applicant must submit a written request to the reviewing body or Director for a time extension at least thirty days before the original time limit expires. Consideration of a time extension does not require a public hearing even if a hearing was required for the original permit. (GMC §21.02.010 E.)
Enforcement

61. The property owner shall pay the costs of any code enforcement activities, including attorney’s fees, resulting from the violation of any conditions of approval or any provision of the GMC. (GMC §1.18)

62. Any violation of the Zoning Ordinance or any entitlement granted is considered a misdemeanor punishable by a fine not to exceed one thousand dollars ($1,000.00) and/or by imprisonment in the County jail for a period not to exceed six (6) months. Each day or portion of a day during which any violation of the Zoning Ordinance occurs or continues constitutes a separate offense and shall be punishable as provided. (GMC §21.01.030 H.) DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Resolution No. CC 2024-11 Page 14 of 14
SECTION 5. The Mayor shall sign this Resolution and the City Clerk shall attest and certify to the passage and adoption of this Resolution, and the same shall thereupon take effect on April 23, 2024 subject to a 15 calendar-day appeal and be enforced in accordance with the terms and Conditions thereof.

PASSED, APPROVED and ADOPTED this 23rd day of April, 2024.

City Council of Glendora, California
BY:

MENDELL L. THOMPSON
Mayor
APPROVED AS TO FORM:

Aleshire & Wynder, LLP

DANNY ALESHIRE
City Attorney

CERTIFICATION
I, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Glendora at a regular meeting held on the 23rd day of April, 2024, by the following vote:

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

NOES: MEMBERS: Fredendall.

ABSENT: MEMBERS: None.

ABSTAIN: MEMBERS: None.

Dated: April 24, 2024
KATHLEEN R. SESSMAN
City Clerk/Communications Director
DocuSign Envelope ID: 534EEBD2-628D-4AC8-A3BE-1E82A885D7FD Apr 26, 2024 | 2:12 PM PDT
Apr 26, 2024 | 3:48 PM PDT
Apr 29, 2024 | 10:08 AM PDT
Certificate Of Completion
Envelope Id: 534EEBD2628D4AC8A3BE1E82A885D7FD Status: Completed Subject: Complete with DocuSign: Resolution CC 2024-11 1201-1215 East Arrow Highway (KS Revised 4.22.24)...

Source Envelope:

Document Pages: 14 Signatures: 3 Envelope Originator:

Certificate Pages: 5 Initials: 0 City Clerk's Office
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
4/24/2024 3:25:11 PM
Holder: City Clerk's Office
[email protected]
Location: DocuSign
Signer Events Signature Timestamp
Mendell Thompson
[email protected]
Councilman
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Sent: 4/24/2024 3:35:36 PM
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Signed: 4/26/2024 2:12:30 PM
Electronic Record and Signature Disclosure:

Accepted: 4/12/2023 10:25:39 AM
ID: 15b31841-3eb9-491d-81ee-0b552b365d88
Danny Aleshire
[email protected]
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Electronic Record and Signature Disclosure:

Accepted: 2/9/2023 10:45:54 AM
ID: 8f7b67a5-3822-4218-9d26-bc44a71d606a
Kathleen Sessman
[email protected]
City of Glendora
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Using IP Address: 173.196.201.130
Sent: 4/26/2024 3:49:01 PM
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Signed: 4/29/2024 10:08:53 AM
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Natalie Espinoza
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Sent: 4/29/2024 10:08:56 AM
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ELECTRONIC RECORD AND SIGNATURE DISCLOSURE
From time to time, City of Glendora (we, us or Company) may be required by law to provide to you certain written notices or disclosures. Described below are the terms and conditions for providing to you such notices and disclosures electronically through the DocuSign system.

Please read the information below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to this Electronic Record and Signature Disclosure (ERSD), please confirm your agreement by selecting the check-box next to ‘I agree to use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign system.

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If you elect to receive required notices and disclosures only in paper format, it will slow the speed at which we can complete certain steps in transactions with you and delivering services to you because we will need first to send the required notices or disclosures to you in paper format, and then wait until we receive back from you your acknowledgment of your receipt of such paper notices or disclosures. Further, you will no longer be able to use the DocuSign system to receive required notices and consents electronically from us or to sign electronically documents from us.

All notices and disclosures will be sent to you electronically Electronic Record and Signature Disclosure created on: 1/22/2021 8:08:06 AM Parties agreed to: Mendell Thompson, Danny Aleshire
Unless you tell us otherwise in accordance with the procedures described herein, we will provide electronically to you through the DocuSign system all required notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to you during the course of our relationship with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices and disclosures to you by the same method and to the same address that you have given us. Thus, you can receive all the disclosures and notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, please let us know as described below. Please also see the paragraph immediately above that describes the consequences of your electing not to receive delivery of the notices and disclosures electronically from us.

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Indemnity Agreement – Tract 83901 (02.24.2026) 01240.0005 2088133.2 1

INDEMNITY AGREEMENT
THIS INDEMNITY AGREEMENT (this “Agreement”) is made and entered into as of this _____ day of __________, 2026, between the CITY OF GLENDORA, a California municipal corporation, (“City”), and ENCLAVE OAK GLENN, LLC, a Delaware limited liability company (“Subdivider”). City and Subdivider are sometimes referred to herein individually as a “Party” and jointly as the “Parties.”

RECITALS
A. Subdivider is the owner of certain real property generally located at 1201-1215 East Arrow Highway in the City of Glendora (“Property”).

B. The City previously approved Tentative Tract Map No. 83901 (“TTM”) for the Property pursuant to the Subdivision Map Act (“Map Act”).

C. Pursuant to the Map Act and the Glendora Municipal Code (“GMC”), Subdivider has applied to the City for a final map for the Property based on the TTM.

D. Pursuant to Government Code Section 66474.9(b), the City is requiring, as a condition to the approval of the Subdivider’s final map application for the TTM, that Subdivider defend (with legal counsel reasonably acceptable to City), indemnify and hold harmless City and any agency or instrumentality thereof, its elected and appointed boards, commissions, officials, officers, employees and agents (collectively, “Indemnitees”) from and against any and all claims, actions or proceedings to attack, set aside, void or annul an approval of City, any advisory agency, appeal board or City Council concerning the subdivision known as Tract No. 83901, to the fullest extent permitted by law, which claims, actions or proceedings are brought within the time period provided for in Government Code Section 66499.37.

E. In addition, Subdivider has voluntarily agreed to provide similar indemnification for any and all claims, actions or proceedings arising out of or in any way relating to the environmental review conducted under the California Environmental Quality Act (Public Resources Code Section 21000, et seq., hereinafter “CEQA”) in conjunction with an approval granted by City, its boards, commissions or employees concerning the TTM, which claims, actions or proceedings are brought within the time periods provided for in Public Resources Code Section 21167.

NOW, THEREFORE, in consideration of City granting approval of the final map for Tract No. 83901 (the “Final Map”) and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

Section I. RECITALS. The Recitals set forth above are acknowledged as true and correct by the Parties.

Section II. INDEMNITY.

A. Subdivider shall defend (with legal counsel reasonably acceptable to City), Docusign Envelope ID: 3BA2500E-9C9F-4CE4-AA22-925EFE01909F Indemnity Agreement – Tract 83901 (02.24.2026) 01240.0005 2088133.2 2 indemnify and hold harmless, the Indemnitees from and against any and all claims, actions or proceedings to attack, set aside, void or annul an approval of City, any advisory agency, appeal board of the City Council concerning the TTM or Final Map, which claims, actions or proceedings are brought within the time period provided for in Government Code Section 66499.37.

B. In addition, Subdivider shall defend (with legal counsel reasonably acceptable to City), indemnify and hold harmless, the Indemnitees from and against any and all claims, actions or proceedings arising out of or in any way relating to the environmental review conducted under CEQA in conjunction with any approval granted by City, its boards, commissions or employees concerning the TTM or Final Map which claims, actions or proceedings are brought within the time periods provided for in Public Resources Code Section 21167.

C. To the extent that the obligations set forth above may be unenforceable because they violate any law or public policy, then Subdivider will contribute the maximum amount allowed by law in payment and satisfaction of all claims, actions or proceedings incurred by the Indemnitees which are within the scope of the terms and provisions of this Agreement.

D. The indemnity provisions provided in this Agreement are limited to claims, actions or proceedings brought by third parties and are not intended to cover any claim, action or proceedings brought by Subdivider.

Section III. SUCCESSORS AND ASSIGNS. The representations, warranties, indemnities, covenants and agreements provided herein shall become effective upon execution of this Agreement and shall be binding upon Subdivider’s successors and assigns.

Section IV. REIMBURSEMENT OF EXPENSES. In the event the Indemnitees sustain any expenses which are reimbursable pursuant to this Agreement, which may include, without limitation, all reasonable legal fees and associated costs/expenses, Subdivider agrees to reimburse the Indemnitees for such expenses within a reasonable time, but in no event, exceeding sixty (60) days after receiving written notice from said Indemnitees that they have incurred such expenses.

Section V. NOTICE OF CLAIM AGAINST INDEMNITEES. City shall give Subdivider prompt written notice of any claim, action, or proceeding regarding the subject matter of this Agreement, and shall cooperate in the defense of any applicable claim, action or proceeding. If City fails to notify Subdivider of any claim, action or proceeding against the Indemnitees, or if City fails to reasonably cooperate in the defense, Subdivider shall not thereafter be responsible to defend, indemnify, or hold harmless the City.

Section VI. PARTICIPATION BY CITY. Nothing contained in this Agreement prohibits City from participating in the defense of any claim, action or proceeding.

Section VII. SETTLEMENT. Subdivider shall not be required to pay or perform any settlement unless the settlement is approved in writing by Subdivider.

Section VIII. GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of California and, to the extent that federal Docusign Envelope ID: 3BA2500E-9C9F-4CE4-AA22-925EFE01909F Indemnity Agreement – Tract 83901 (02.24.2026) 01240.0005 2088133.2 3 law may preempt the applicability of state laws, federal law.

Section IX. AMENDMENTS. This Agreement may not be changed or amended orally but only by an instrument in writing signed by the Party against whom enforcement by the change or amendment is sought.

Section X. SEVERABILITY. Should any non-material provision of this Agreement be held invalid or illegal, such invalidity or illegality shall not invalidate the whole of this Agreement but, rather, the Agreement shall be construed as if it did not contain the invalid or illegal part, and the rights and obligations of the Parties shall be construed and enforced accordingly. The obligations in this Agreement shall not be deemed terminated, modified or limited by any other agreement between City and Subdivider.

Section XI. ATTORNEYS’ FEES. If litigation is reasonably required to enforce or interpret the provisions of this Agreement, the prevailing Party in such litigation shall be entitled to an award of reasonable attorney’s fees, in addition to any other relief to which it may be entitled.

Section XII. NOTICES. All notices, demands, invoices, and written communications shall be in writing and delivered to the following addresses or such other addresses as the Parties may designate by written notice:

To City: City Clerk
City of Glendora
116 East Foothill Boulevard
Glendora, California 91741
With copy to: ALESHIRE & WYNDER, LLP
1 Park Plaza Suite 1000
Irvine, California 92614
Attn: Danny Aleshire, City Attorney
To Subdivider: ENCLAVE OAK GLENN, LLC
391 North Main Street, Suite 301
Corona, California 92878
Attn: Michael C. Van Daele, CEO and President
Any notice which either Party may desire to give to the other Party must be in writing and may be given (i) by personal delivery (including reputable overnight courier (such as Federal Express, UPS or DHL) which will be deemed received the following day, or (ii) by mailing the same by registered or certified mail, return receipt requested which will be deemed delivered three (3) days after depositing same in the mail, addressed to the party to whom the notice is directed as set forth above or such other address and to such other persons as the parties may hereafter designate in writing.

Section XIII. HEADINGS. The section headings contained in this Agreement are for convenience and identification only and shall not be deemed to limit or define the contents of the Docusign Envelope ID: 3BA2500E-9C9F-4CE4-AA22-925EFE01909F Indemnity Agreement – Tract 83901 (02.24.2026) 01240.0005 2088133.2 4 sections to which they relate.

Section XIV. NO PRESUMPTION. The Parties acknowledge and agree that the terms and provisions of this Agreement have been negotiated and discussed between the Parties and their attorneys, and this Agreement reflects their mutual agreement regarding the same. Because of the nature of such negotiations and discussions, it would be inappropriate to deem any Party to be the drafter of this Agreement, and therefore no presumption for or against validity or as to any interpretation hereof, based upon the identity of the drafter shall be applicable in interpreting or enforcing this Agreement.

Section XV. NO THIRD PARTY BENEFICIARIES. This Agreement is intended to benefit only the Parties hereto and their respective successors and assigns. Neither City nor Subdivider intend to create any third party beneficiary rights in this Agreement in any contractor, subcontractor, member of the general public, or other person or entity.

Section XVI. CONSENT TO JURISDICTION AND VENUE. This Agreement shall be construed in accordance with and governed by the laws of the State of California. Any legal action or proceeding brought to interpret or enforce this Agreement, or which in any way arises out of the Parties’ activities undertaken pursuant to this Agreement, shall be filed and prosecuted in the appropriate California State Court in the County of Los Angeles, California. Each Party waives the benefit of any provision of state or federal law providing for a change of venue to any other court or jurisdiction including, without limitation, a change of venue based on the fact that a governmental entity is a party to the action or proceeding, or that a federal right or question is involved or alleged to be involved in the action or proceeding.

Section XVII. ASSISTANCE OF COUNSEL. Each Party to this Agreement warrants to each other Party that it has had the assistance of counsel in the negotiation of this Agreement, and all related documents.

Section XVIII. QUALIFICATION AND AUTHORITY. Each individual executing this Agreement on behalf of Subdivider represents, warrants and covenants to the City that (a) such person is duly authorized to execute and deliver this Agreement on behalf of Subdivider in accordance with authority granted under the organizational documents of such entity, and (b) Subdivider is bound under the terms of this Agreement.
[SIGNATURES ON FOLLOWING PAGE]
Docusign Envelope ID: 3BA2500E-9C9F-4CE4-AA22-925EFE01909F Indemnity Agreement – Tract 83901 (02.24.2026) 01240.0005 2088133.2 5 IN WITNESS WHEREOF, the Parties hereto have caused this Indemnity Agreement to be executed the day and year first above written.

CITY:

CITY OF GLENDORA, a municipal
corporation
SUBDIVIDER:

ENCLAVE OAK GLENN, LLC
By: By:

David Fredendall
Mayor
Michael C. Van Daele
CEO / President / Managing Member
ATTEST:

By:

Kathleen R. Sessman
City Clerk/Communications Director
APPROVED AS TO FORM:

ALESHIRE & WYNDER, LLP
By:

Danny Aleshire
City Attorney
Docusign Envelope ID: 3BA2500E-9C9F-4CE4-AA22-925EFE01909F Feb 13, 2026 | 10:04 AM PST

STAFF REPORT
TO: Mayor and Council Members DATE: February 24, 2026
FROM: Finance DISTRICT(S): Citywide
SUBJECT: Conduct a Mid-Year Budget Review and Adopt a Joint Resolution amending the Fiscal Year 2025-26

RECOMMENDATION
That the City Council:

1. Adopt a Joint City Council Resolution entitled, "A RESOLUTION OF THE CITY COUNCIL, SUCCESSOR AGENCY AND HOUSING AUTHORITY AMENDING THE FY 2025-26 FISCAL BUDGET PER THE MIDYEAR REVIEW RECOMMENDATIONS."

STRATEGIC FOCUS AREAS
Not applicable.

EXECUTIVE SUMMARY
Staff has reviewed the Adopted and Amended FY 2025-26 Maintenance and Operations Budget and has determined that the following adjustments are necessary to continue providing quality services to the community:

Fund
Revenue
Proposed
Adjustment
Expenditure
Proposed
Adjustment
General Fund (2,521,620) (2,302,290)
Library Friends
Foundation (79,340) (79,340)
Permit File
Maintenance 50,000 53,200
State Gas Tax - 7,750
Grants 100,000 100,000
Capital Projects - 100,000
Water Operations - 55,000
Technology 105,000 245,000
Vehicle
Replacement - 30,000
Revenue adjustments in the General Fund are mainly attributed to the adjustment in reporting programs in Measures E/Z for enhanced transparency. For background, with the FY2019-21 Adopted 2-Year Budget, a General Fund Deficit in the amount of $3.5 million was identified. The adjustments in the General Fund and Measure E/Z are proposed to create enhanced reporting of the programs being funded by the voter approved transaction and use taxes.

Expenditure adjustments in the General Fund also reflect the impact of the adjustment in reporting programs in Measures E/Z for enhanced transparency. Department proposed adjustments to the General Fund include increase in the number and cost of mandatory Police Officer training programs, increase in Community Development plan check/inspection costs related to development activity, and Public Works increases in Parks, Trees, and Landscape costs.

The Measures E/Z Fund 103 provides for Police Services and the transition towards a real-time crime center for the City of Glendora, Economic Development including Downtown Glendora Improvements, Affordable Housing Programs, Streets Division costs, Parks/Trees/Landscaping services, Library services for both youth and adults, and the City's Homelessness Assistance Programs. The ongoing subsidy to the General Fund pays for personnel and programs that existed prior to Measures E/Z. The City continually navigates changing economic conditions and identifying the most prudent way to continue to provides services and programs to the Glendora community.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On June 10, 2025, the City Council adopted the FY 2025-27 Two-Year Budget and approved the appropriations for FY 2025/26. The recommended changes included in the Mid-Year Review increase or decrease the annual budgeted revenues, appropriations, and available resources (starting balance) of several funds, and therefore require City Council approval.

DISCUSSION
The Mid-Year Budget Review process includes review and analysis by each department and Finance staff. A complete list of the recommended adjustments for each fund is attached as Exhibit A to the Resolution.

AVAILABLE RESOURCES SUMMARY
The Available Resources Summary includes the mid-year adjustments total by fund providing an overview of each fund showing available beginning balances, budgeted revenues and expenditures, and the projected ending available balance.

GENERAL FUND
Revenues
Staff recommends a net decrease in revenues in the amount of $2,521,620. The adjustments are due to:

Non-Departmental: $2,646,620 decrease in transfers in from Measures E/Z. Update provides additional information on programs directly funded in Measures E/Z.

Police: $35,000 increase in Special Police Services for neighborhood Flock cameras.

Community Development: $75,000 Increase in building plan checking revenue based on current trends.

Detailed Revenue Adjustments are attached in Exhibit A to the Budget Resolution.

Expenditures
The expenditure budget decreased by a net $2,302,290. The primary components of the increase are due to:

Multiple Departments: $2,646,620 decrease for update in reporting how programs directly funded by Measures E/Z and presented in the budget.

Police: $85,300 increase for additional costs for mandatory sworn staff training and increases for costs related to investigation tools.

Community Development: $75,000 increase for additional building plan checking/inspections contract services.

Public Works: $104,530 increase primarily related to parks, trees and landscape costs aimed to achieve strategic plan objectives.

The major decrease in revenues and expenditures in the General Fund is attributed to an update in the reporting of the programs/services provided by Measures E/Z. Staff is proposing to report more programs/services that have been sustained and initiated/enhanced from the voter approval of Measures E/Z directly in the Measures E/Z Fund. The Measures E/Z Fund 103 provides for Police Services and the transition towards a real-time crime center, Economic Development's Village improvements, Affordable Housing Programs, Streets Division costs, Parks/Trees/Landscaping services, Library services for both youth and adults, and the City's Homelessness Assistance Programs. The ongoing subsidy to the General Fund pays for personnel and programs prior to Measures E/Z. The City continually navigates changing economic conditions and identifying the most prudent way to continue to provides services and programs to the Glendora community.

Overall, with the adjustments, the General Fund is balanced and the City meets the reserve policy requirements.

SPECIAL REVENUE FUNDS
Special Revenues are restricted in their use. The mid-year budget adjustments are recommended to acknowledge receipt of revenues or to update the budget based on current information. The mid-year adjustments provide an updated perspective on how the fund is performing, whether there are sufficient reserves and/or revenues to cover the expenditure budget previously approved. The majority of these funds are for grants or special funding awarded to the City. The adjustments recommended cover the following categories:

Adding revenue budget for actual special income received or to be received; and Adding/reducing budgeted expenditures to match actual spending and revenue adjustments.

CAPITAL PROJECTS
The mid-year budget adjustments requested at this time, in the amount of $100,000 are for continued Gold/A-Line consultant services from JMDiaz.

ENTERPRISE FUNDS
Water Operations Fund revenues and expenditures for FY2026 are on track with budget projections. The primary operational expenditures being requested is related to equipment repairs to the South Hills Base Station.

INTERNAL SERVICE FUNDS
The Internal Service Funds include Worker’s Compensation, Liability Insurance, Technology and Vehicles. The revenues in these funds come from charges to the departments/funds receiving their services.

The largest adjustments for the Internal Services Funds are in the Technology Fund and the Vehicle Replacement Fund. The Technology Fund is request increases for phone/cellphone costs, software subscriptions, equipment replacement in the amount of $245,000 (offset by $105,000 revenue increase). The Vehicle Replacement Fund is for the repair of the Water Division Vactor Truck in the amount of $30,000.

MULTI-YEAR BUDGET PROJECTIONS
The Multi-Year Budget Forecasts have been updated with the mid-year review assumptions and adjustments. The forecasts are updated with the following focus areas to anticipate:

The major change in the General Fund and Measures E/Z Multi-Year Financial Forecast is the update to the General Fund Subsidy and reporting of services/programs directly in the Measures E/Z Fund.

The Measures E/Z Fund 103 provides for Police Services and the transition towards a real-time crime center for the City of Glendora, Economic Development including Downtown Glendora Improvements, Affordable Housing Programs, Streets Division costs, Parks/Trees/Landscaping services, Library services for both youth and adults, and the City's Homelessness Assistance Programs. The ongoing subsidy to the General Fund pays for personnel and programs prior to Measures E/Z. The movement of the aforementioned programs results in a decrease in revenues and expenditures in the General Fund and a shifting of expenditures in the Measures E/Z Fund. Staff is moving to report more programs/services that have been sustained and initiated/enhanced from the voter approval of Measures E/Z directly in the Measures E/Z Fund.

The City continually navigates changing economic conditions and identifying the most prudent way to continue to provides services and programs to the Glendora community.

These forecasts are a tool for future decisions by placing an emphasis on the long-term impacts of policy decisions.

Based on conservative assumptions, the General Fund, Measures E/Z and the Enterprise Water Funds are balanced and demonstrate the stable financial condition of each of these major funds for future planning and in the event of a catastrophic event.

PERSONNEL
No positions were added with Mid-Year.

CONCLUSION
The Mid-Year budget review process is a part of managing a dynamic City. Financial planning is done with the best available information at the time it is prepared, however, the economy, elections, shopping trends, and legislation can change our planning assumptions quickly.

In relation to the Mid-Year budget review, during the city facility and infrastructure discussion on January 13, 2026, staff committed to returning to the City Council with a broader conversation regarding one-time uses of available resources. This discussion will occur on a separate item.

FISCAL IMPACT
The effects of these adjustments will change estimated revenues and/or expenditures as presented in the attachments. The net impact of these adjustments is shown on the Available Resources Summary. Despite challenges ahead, the City remains in a strong financial position to address key strategic initiatives. The table below summarize the requested adjustments by 1-time and ongoing and shows the net reduction in available resources resulting from each category. The General Fund and Measures E/Z column is overall a net zero impact because both revenues and expenditures are being adjusted equally in both funds. 2026 Mid-Year Adjustments
Summary
Fund 1-Time Ongoing
GF/Meas EZ
Update
Net Use of Available
Resources
101-GENERAL FUND (44,500) (174,830) - (219,330)
103-MEASURES E/Z - - - -
216-LIBRARY FOUNDATION - - - -
221-PERMIT FILE
MAINTENANCE 101,800 (105,000) - (3,200)
255-STATE GAS TAX (7,750) - (7,750)
280-GRANTS - - - -
301-CAPITAL PROJECTS (100,000) - - (100,000)
501-WATER OPERATIONS (55,000) - - (55,000)
553-TECHNOLOGY (10,000) (130,000) - (140,000)
554-FLEET MANAGEMENT (30,000) - - (30,000)
Total Net Use of Available
Resources (137,700) (417,580) - (555,280)

ENVIRONMENTAL DETERMINATION
Insert Environmental Determination when applicable. If none, insert There is no CEQA impacts associated with the recommendations in this report.

Prepared By: Kyle Johnson, Finance Director/City Treasurer Concurs With: Not Applicable
Reviewed By: Kyle Johnson, Finance Director/City Treasurer Certified to Availability of Funds: Kyle Johnson, Finance Director/City Treasurer Approved By: Adam Raymond, City Manager
Legal Review: Danny Aleshire, City Attorney
CEQA Review: Not Applicable
Attachments
A. Summary of Available Resources.pdf
B_Resolution_Adopting_Mid-Year_Adjustments.pdf
C_Exhibit_A-Summary_of_Mid-Year_Adjustment_Requests.pdf D_General_Fund_Forecast.pdf
E_Measures_E_Z_Forecast.pdf
F. Water Funds Forecast.pdf
G_Mid-Year_Budget_Review_Presentation.pdf
2/19/20263:20 PM
Funds
FY 2025-26
Beginning
Balance
FY2025-26
Revenues
Amended
Mid-Year
Revenue
Adjustments
FY2025-26
Expenses
Amended
Mid-Year
Expenditure
Adjustments
FY2025-26
Ending
Balance
101-General Fund 17,992,731 (2,521,620) 46,199,930 45,491,332 (2,302,290) 18,481,999 102-Pension Stabilization 1,610,566 - 176,000 - - 1,786,566 103-Measure E - - 11,507,000 9,943,250 - 1,563,750
105-GUSD JUA - - 1,068,530 1,068,530 - -
201-Street Lighting Assessmt 597,324 - 582,850 435,415 - 744,759 202-Street Improvement Dist 30,220 - 400 - - 30,620
203-Landscape Assessment 49,093 - 85,878 85,875 - 49,096 204-Glendora Village Bus Dist - - 45,000 45,000 - -
211-Park & Rec Development 373,530 - 61,600 300,000 - 135,130 212-Community Art Fund - - - - -
216-Library Foundation - (79,340) 184,190 184,190 (79,340) - 221-Permit File Maint Fees 1,113,231 50,000 118,975 559,800 53,200 669,206 222-General Plan Maint Fee 459,730 - 95,000 500,000 - 54,730 223-PEG Cable TV 234,964 - 97,600 117,251 - 215,314
228-Affordable Housing 30,911 - - - - 30,911
229-Glendora Hsg. Authority 153,290 - 5,300 - - 158,590 230-Trans Develop Act 59,387 - 40,900 - - 100,287
231-Prop A Transit 886,001 - 1,702,650 1,693,347 - 895,304 232-Prop C Transit 1,985,761 - 2,136,760 1,900,000 - 2,222,521 233-Measure R Transpt. 2009 517,496 - 833,370 1,194,092 - 156,774 234-Measure M 1,516,790 - 949,948 1,650,821 - 815,917
240-Measure A/Parks 83,288 - 760,000 700,000 - 143,288
245-Measure H&A Homelessness - - 180,536 180,536 - -
250-Measure W 1,233,159 - 1,041,100 658,110 - 1,616,149 254-Air Quality 57,938 - 81,430 665 - 138,703
255-State Gas Tax 804,925 - 2,083,400 2,074,788 7,750 805,787 256-Road Maintenance Repair 1,975,947 - 1,411,540 721,933 - 2,665,554 257-Surface Trans. Prog-Stlp 211,820 - 3,000 - - 214,820 265-Home-State Grant 201,590 - 3,000 - - 204,590
266-Cal-Home Prop 1C 76,230 - 700 - - 76,930
270-Used Oil Block Grant 39,173 - 10,129 9,729 - 39,573 271-Beverage Recyling Grant 72,150 - 15,750 14,950 - 72,950 275-Suppl Law Enf Svce (Cops) 13,913 - 205,000 80,000 - 138,913 280-Grants 37,107 100,000 3,507,092 3,507,092 100,000 37,107 281-Asset Forfeiture 10,016 - 14,000 - - 24,016
282-Step OTS Grants 3,400 - 120,000 120,000 - 3,400
285-Community Dev Block Grant - - 444,625 444,625 - -
291-Highwy Safety Improv Grnt 856 - - - - 856
301-Capital Projects 4,715,772 - 518,173 3,346,794 100,000 1,787,151 401-Pension Obligation Bonds 37,220 - 3,384,175 3,384,175 - 37,220 405-Energy Efficiency Project 15,380 - 108,730 108,730 - 15,380 450-Successor Agency 243,495 - 2,917,640 2,862,565 - 298,570 501-Water Operations 7,755,600 - 29,777,175 26,829,916 55,000 10,647,859 502-Water Capital Projects 12,672,785 - 18,639,400 21,694,911 - 9,617,274 550-Workers Compensation 762,451 - 1,291,070 929,576 - 1,123,945 551-Liability Insurance 431,034 - 3,613,731 3,819,524 - 225,241 553-Technology 3,979,753 105,000 3,777,820 4,278,097 245,000 3,339,476 554-Vehicle Replacement 1,808,719 - 2,613,500 3,228,933 30,000 1,163,285 GRAND TOTAL ALL FUNDS 64,854,74 $ 142,414,59 6 $ (2,345,960) 7 $ 144,164,551 $ (1,790,680) $ 62,549,511 $

SUMMARY OF AVAILABLE RESOURCES

RESOLUTION
CC 2026-____ CC 2026-____(SA) HA 2026-____

A RESOLUTION OF THE CITY COUNCIL, SUCCESSOR AGENCY AND HOUSING AUTHORITY OF THE CITY OF GLENDORA, CALIFORNIA, AMENDING ITS 2025-26

FISCAL BUDGET PER THE MID-YEAR REVIEW RECOMMENDATIONS

CITY COUNCIL, SUCCESSORY AGENCY AND HOUSING AUTHORITY
City of Glendora, California
WHEREAS, in accordance with Glendora Municipal Code Section 2.08.070, it is the City’s Manager’s duty to prepare and submit a proposed annual budget and salary plan to the Glendora City Council; and,
WHEREAS, in accordance with Glendora Municipal Code Section 2.09.040, it is the City’s Manager’s duty to prepare and submit any revisions or amendments to the classified service positions and job descriptions to the Glendora City Council; and, WHEREAS, the City Manager submitted a proposed budget to the Glendora City Council for Fiscal Year 2025-26 commencing July 1, 2025; and, WHEREAS, the budget is reviewed during a Mid-Year Review process that results in recommended budget adjustments to reflect unforeseen changes in revenue or expenditure requirements that require City Council approval;

NOW, THEREFORE, THE CITY COUNCIL, SUCCESSOR AGENCY, AND

HOUSING AUTHORITY OF THE CITY OF GLENDORA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. The City Council does hereby approve the Mid-Year Adjustments as detailed in Exhibit “A”.

SECTION 2. The City Council, as Successor Agency to the Glendora Community Redevelopment Agency, is amending the revenue and expenditure budget applicable to the Successor Agency as identified in “Exhibit A”. The City Council hereby determines and declares that the City of Glendora, its General Fund, and all of its other accounting funds shall NOT be obligated to finance or fulfill any Successor Agency obligations in any manner.

SECTION 3. Per the City of Glendora adopted financial policies, the City Manager is authorized to transfer appropriations between departments or functions, provided that no change is made in the total amount of the annual budget of any single fund.

SECTION 4. The Mayor Shall sign and the City Clerk shall certify to the passage and adoption of this resolution and shall enter the same in the Book of Original Resolutions and that this resolution shall take effect and be in force on this date.

SECTION 5. The City Clerk is hereby directed to forward a copy of this resolution to the Finance Director.

PASSED, APPROVED AND ADOPTED by the City Council, Successor Agency, and Resolution CC 2026-____ Page 2 of 2
Housing Authority of the City of Glendora this __ day of February, 2026.

BY:

DAVID FREDENDALL
Mayor/Chair
APPROVED AS TO FORM:

Aleshire & Wynder, LLP

DANNY ALESHIRE
City/Agency Attorney

CERTIFICATION
I, do hereby certify that the foregoing Joint Resolution was duly adopted by the City Council, Successor Agency and Housing Authority of the City of Glendora at a regular meeting held on the ___ day of February, 2026, by the following vote:

AYES: MEMBERS:

NOES: MEMBERS:

ABSENT: MEMBERS:

ABSTAIN: MEMBERS:

Dated:

KATHLEEN R. SESSMAN
City Clerk/Communications Director
2/17/2026 4:44 PM
Fund 1-Time Ongoing
GF_Meas
EZ Update
Net Use of
Available
Resources
101-GENERAL FUND (174,830) (44,500) - (219,330)
103-Measures E/Z - - - -
216-LIBRARY FOUNDATION - - - -
221-PERMIT FILE MAINTENANCE (105,000) 101,800 - (3,200) 255-STATE GAS TAX - (7,750) (7,750)
280-GRANTS - - - -
301-CAPITAL PROJECTS - (100,000) - (100,000)
501-WATER OPERATIONS - (55,000) - (55,000)
553-TECHNOLOGY (130,000) (10,000) - (140,000)
554-FLEET MANAGEMENT - (30,000) - (30,000)
Total Net Use of Available Resources (137,700) (417,580) - (555,280) 2026 Mid-Year Adjustments
Summary
1 of 10
2/18/2026 8:34 AM
Fund/Deparment/Division/Object Account Type
2026
Amended
Budget
2026
Actuals
2026
Remaining
Balance
1-Time Notes
101-GENERAL FUND
15-CITY CLERK
03-CITY CLERK
51110-OFFICE SUPPLIES Expenditure (3,500) (1,669) (1,831) (1,000) Inflation, additional supplies for move. 15-CITY CLERK Total (3,500) (1,669) (1,831) (1,000)
60-COMMUNITY DEVELOPMENT
42-ECONOMIC DEVELOPMENT
58500-ECON ACTION PLAN Expenditure 0 0 0 (20,000) Meda Plaza Improvements 60-COMMUNITY DEVELOPMENT Total 0 0 0 (20,000)
70-PUBLIC WORKS
55-ENGINEERING
59100-CONTRACT SERVICES Expenditure (46,000) (44,944) (1,056) (18,500) One-time increase for updating Route 66 traffic signal timing sheets.
70-PUBLIC WORKS Total (46,000) (44,944) (1,056) (18,500) 80-LIBRARY
71-CIRCULATION & TECH SERVICES
51200-DIVISION SUPPLIES Expenditure (23,890) (23,409) (481) (5,000) Unexpected purchase of new self-check machines (received end-of-life notice this FY).
80-LIBRARY Total (23,890) (23,409) (481) (5,000)
101-GENERAL FUND Total (73,390) (70,021) (3,369) (44,500) 221-PERMIT FILE MAINTENANCE
60-COMMUNITY DEVELOPMENT
41-BUILDING
36602-PERMIT FILE MAINTEN FEE Revenue 100,000 75,032 24,968 50,000 Match actuals trend for PY and CY. 59100-CONTRACT SERVICES Expenditure (51,800) 0 (51,800) 51,800 Move all ERP costs to IT 553. 60-COMMUNITY DEVELOPMENT Total 48,200 75,032 (26,832) 101,800 221-PERMIT FILE MAINTENANCE Total 48,200 75,032 (26,832) 101,800 280-GRANTS
50-PUBLIC SAFETY
30-POLICE ADMINISTRATION
35109-HOMELAND SECURITY GRANT Revenue 9,586 0 9,586 100,000 2024 Homeland Security grant - Intersection Cameras 59100-CONTRACT SERVICES Expenditure 0 0 0 (100,000) 2024 Homeland Security grant - Intersection Cameras 50-PUBLIC SAFETY Total 9,586 0 9,586 0
280-GRANTS Total 9,586 0 9,586 0
301-CAPITAL PROJECTS
70-PUBLIC WORKS
55-ENGINEERING
59100-CONTRACT SERVICES Expenditure (500,000) (517,755) (17,755) (100,000) Gold Line / A Line Contract Services with JMD. 70-PUBLIC WORKS Total (500,000) (517,755) (17,755) (100,000) 301-CAPITAL PROJECTS Total (500,000) (517,755) (17,755) (100,000) 501-WATER OPERATIONS
70-PUBLIC WORKS
61-WATER CUSTOMER SERVICE
59100-CONTRACT SERVICES Expenditure (150,000) (56,621) (93,379) (55,000) South Hills AMI Base Station Replacement 70-PUBLIC WORKS Total (150,000) (56,621) (93,379) (55,000) 501-WATER OPERATIONS Total (150,000) (56,621) (93,379) (55,000) 553-TECHNOLOGY
30-INFORMATION TECHNOLOGY
15-INFORMATION SYSTEMS
72030-COMPUTERS Expenditure (75,000) (34,446) (40,554) (10,000) Replacement of Library PCs 30-INFORMATION TECHNOLOGY Total (75,000) (34,446) (40,554) (10,000) 553-TECHNOLOGY Total (75,000) (34,446) (40,554) (10,000) 2026 Mid-Year Adjustments
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2026
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Budget
2026
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2026
Remaining
Balance
1-Time Notes
2026 Mid-Year Adjustments
554-FLEET MANAGEMENT
70-PUBLIC WORKS
53-FLEET MANAGEMENT
59100-CONTRACT SERVICES Expenditure (365,020) (175,612) (189,408) (30,000) Water Division Vactor truck has a leak on the rear door seal of the vacuum unit.
70-PUBLIC WORKS Total (365,020) (175,612) (189,408) (30,000) 554-FLEET MANAGEMENT Total (365,020) (175,612) (189,408) (30,000) Grand Total (1,105,624) (779,424) (361,710) (137,700) 1-Time Net Use of Available Resources 2 of 2
2/18/2026 8:49 AM
Fund/Deparment/Division/Object Account Type
2026
Amended
Budget
2026
Actuals
2026
Remaining
Balance
Ongoing Notes
101-GENERAL FUND
15-CITY CLERK
04-MUNICIPAL ELECTIONS
55600-TRAINING & EDUCATION Expenditure (1,400) 0 (1,400) (500) New elections law training 15-CITY CLERK Total (1,400) 0 (1,400) (500)
50-PUBLIC SAFETY
30-POLICE ADMINISTRATION
36503-SPECIAL POLICE SERVICES Revenue 18,000 57,704 (39,704) 35,000 The training requirements for officers continues to increase.
55600-TRAINING & EDUCATION Expenditure (26,000) (9,568) (16,432) (10,000) The training requirements for officers continues to increase.
55610-POST TRAINING Expenditure (35,000) (22,842) (12,158) (20,000) More mandatory POST training and the LASD academy is now charging $10,000/recruit.
59100-CONTRACT SERVICES Expenditure (194,600) (133,745) (60,855) (20,000) Two ALPR cameras (HS & EC)$20K. 31-PATROL
51210-K-9 SUPPLIES Expenditure (10,000) (12,019) 2,019 (5,000) 2nd K-9 acquired, previously assumed longer lead time. Increase for 2nd K-9 supplies.
33-INVESTIGATION
59100-CONTRACT SERVICES Expenditure (48,200) (45,855) (2,345) (30,300) Unexpected costs.
$8,700 for phone/tower dumps.
$8,600 attorney fees 22-31726
50-PUBLIC SAFETY Total (295,800) (166,325) (129,475) (50,300) 60-COMMUNITY DEVELOPMENT
41-BUILDING
36604-PLAN CHECKING Revenue 375,000 223,432 151,568 75,000 Plan checking and inspection services. Match actuals trend.
59100-CONTRACT SERVICES Expenditure (350,000) (302,534) (47,466) (75,000) Plan checking and inspection services. 60-COMMUNITY DEVELOPMENT Total 25,000 (79,101) 104,101 0 70-PUBLIC WORKS
56-FACILITIES MAINTENANCE
59200-UNIFORM & LINEN LAUNDRY Expenditure 0 0 0 (7,000) Obtain dept consistency, laundry services currently paid from 59100.
58-PARKS, TREES & LANDSCAPE
41300-OVERTIME Expenditure (4,710) (7,567) 2,857 (11,190) OT increase based on actuals for FY24 and FY25. 51200-DIVISION SUPPLIES Expenditure (16,990) (13,090) (3,900) (15,160) Increasing midyear budget in the amount of $15,160 to a total of $32,150 based on YTD actuals.
51270-TREES SHRUBS & PLANTS Expenditure (12,600) (10,311) (2,289) (7,070) The annual purchase of the Village poinsettias
consumes almost half of the budget funds. Increase
based on YTD actuals excluding poinsettias.
51750-FOOD SUPPLIES Expenditure 0 (361) 361 (1,150)
The water service provided by DS Services of America
is paid from this account but funds were not included
in the two-year budget.
59100-CONTRACT SERVICES Expenditure (1,187,620) (647,331) (540,289) (30,000) Landscape maintenance, weed abatement, Village
poinsettia planting, Village holiday lights, Meda and
Bus Plaza cleaning, park restroom cleaning and trash
service, and Village day porter.
59150-CONTRCT - TREE TRIM CNTR Expenditure (642,040) (414,911) (227,129) (32,960) Tree services including grid pruning, Ficus pruning,
palm pruning, removals, planting, service requests,
pest treatment and emergency response.
70-PUBLIC WORKS Total (1,863,960) (1,093,571) (770,389) (104,530) 90-RECREATION & HUMAN SERVICES
2026 Mid-Year Adjustments
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2/18/2026 8:49 AM
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Budget
2026
Actuals
2026
Remaining
Balance
Ongoing Notes
2026 Mid-Year Adjustments
80-RECREATION & HUMAN SRVS ADMIN
59100-CONTRACT SERVICES Expenditure (36,250) (37,043) 793 (7,400) Charter Oak Banner Installation and Janitorial Supplies for new building
81-RECREATION
58100-RECREATION ACTV & EVENTS Expenditure (187,900) (69,851) (118,049) (10,000) Additional funds for Dirt Camp 83-TEEN CENTER
36906-ACTIVITIES & EVENTS Revenue 7,000 0 7,000 15,000 New Adult Volleyball League 41210-PART TIME Expenditure (422,990) (277,295) (145,695) (3,600) Hour increase for Centennial Heritage Park staffing 58100-RECREATION ACTV & EVENTS Expenditure (17,690) (13,556) (4,134) (13,500) New Adult Volleyball League 90-RECREATION & HUMAN SERVICES Total (657,830) (397,745) (260,085) (19,500) 101-GENERAL FUND Total (2,793,990) (1,736,742) (1,057,248) (174,830) 216-LIBRARY FOUNDATION
80-LIBRARY
70-LIBRARY ADMINISTRATION
35602-FRIENDS CONTRIBUTIONS Revenue 6,125 702 5,423 (125) Match Final GPLFF Grant. 51200-DIVISION SUPPLIES Expenditure (6,125) (702) (5,423) 125 Match Final GPLFF Grant. 72-YOUTH SERVICES
35602-FRIENDS CONTRIBUTIONS Revenue 49,575 3,749 45,826 1,475 Match Final GPLFF Grant. 51200-DIVISION SUPPLIES Expenditure (40,740) (6,024) (34,716) (160) Match Final GPLFF Grant. 55320-PRINTING Expenditure (3,065) 0 (3,065) 65 Match Final GPLFF Grant. 58100-RECREATION ACTV & EVENTS Expenditure (1,940) 0 (1,940) (960) Match Final GPLFF Grant. 59100-CONTRACT SERVICES Expenditure (1,020) 0 (1,020) 1,020 Match Final GPLFF Grant. 59200-UNIFORM & LINEN LAUNDRY Expenditure (2,810) (368) (2,442) (1,440) Match Final GPLFF Grant. 73-ADULT SERVICES
35602-FRIENDS CONTRIBUTIONS Revenue 128,490 4,591 123,899 (80,690) Match Final GPLFF Grant. 51200-DIVISION SUPPLIES Expenditure (6,840) (1,592) (5,248) 840 Match Final GPLFF Grant. 51300-CONTENT FOR THE PUBLIC Expenditure (88,980) (3,747) (85,233) 88,980 Match Final GPLFF Grant. 55320-PRINTING Expenditure (2,040) 0 (2,040) 1,040 Match Final GPLFF Grant. 58100-RECREATION ACTV & EVENTS Expenditure (510) (1,250) 740 (990) Match Final GPLFF Grant. 59100-CONTRACT SERVICES Expenditure (30,120) (15,018) (15,102) 11,220 Match Final GPLFF Grant. 72000-CAPITAL OUTLAY Expenditure 0 (17,059) 17,059 (20,400) Match Final GPLFF Grant. 80-LIBRARY Total 0 (36,718) 36,718 0
216-LIBRARY FOUNDATION Total 0 (36,718) 36,718 0
221-PERMIT FILE MAINTENANCE
00-NON-DEPARTMENTAL
98-OTHER FINANCING USES
90553-T/O TECHNOLOGY Expenditure 0 0 0 (105,000) EPL, move All Tyler to one account in Technology Fund.
00-NON-DEPARTMENTAL Total 0 0 0 (105,000)
221-PERMIT FILE MAINTENANCE Total 0 0 0 (105,000)
255-STATE GAS TAX
70-PUBLIC WORKS
58-PARKS, TREES & LANDSCAPE
41300-OVERTIME Expenditure 0 (3,466) 3,466 (7,750)
Overtime is used for call-out staff to respond to
emergency issues such as fallen trees or stuck/broken
irrigation and other hazardous items.
70-PUBLIC WORKS Total 0 (3,466) 3,466 (7,750)
255-STATE GAS TAX Total 0 (3,466) 3,466 (7,750)
2 of 3
2/18/2026 8:49 AM
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2026
Amended
Budget
2026
Actuals
2026
Remaining
Balance
Ongoing Notes
2026 Mid-Year Adjustments
553-TECHNOLOGY
00-NON-DEPARTMENTAL
98-OTHER FINANCING USES
39221-T/I PLAN MAINT FEES Revenue 0 0 0 105,000 EPL, move All Tyler to one account from Permits File Maintenance Fund.
00-NON-DEPARTMENTAL Total 0 0 0 105,000
30-INFORMATION TECHNOLOGY
15-INFORMATION SYSTEMS
57050-PHONE Expenditure (150,000) (109,125) (40,875) (25,000) Additional funds needed to cover remaining invoices for phones (AT&T, Frontier, BTS)
57051-CELLULAR PHONES Expenditure (111,036) (54,181) (56,855) (10,000) Additional funds needed to cover remaining invoices for cell phones
59111-ENTERPRISE SOFTWARE Expenditure (1,254,927) (144,355) (1,110,572) (105,000) EPL, move All Tyler to one account. Offset by Transfer from 221 Permit File Maintenance.
59112-CITY SOFTWARE Expenditure (153,542) (1,087,511) 933,969 (95,000) Madison AI $35K + Axon $60K 30-INFORMATION TECHNOLOGY Total (1,669,505) (1,395,172) (274,333) (235,000) 553-TECHNOLOGY Total (1,669,505) (1,395,172) (274,333) (130,000) Grand Total (4,463,495) (3,172,098) (1,291,397) (417,580) Ongoing Net Use of Available Resources 3 of 3
2/18/2026 9:07 AM
Fund/Deparment/Division/Object Account Type
2026
Amended
Budget
2026
Actuals
2026
Remaining
Balance
Ongoing Notes
101-GENERAL FUND
00-NON-DEPARTMENTAL
98-OTHER FINANCING USES
39103-T/I - MEASURE E Revenue (5,701,250) 0 (5,701,250) (2,646,620) GF_Meas E/Z Update 00-NON-DEPARTMENTAL Total (5,701,250) 0 (5,701,250) (2,646,620) 15-CITY CLERK
03-CITY CLERK
59100-CONTRACT SERVICES Expenditure (107,200) (14,763) (92,437) 50,000 GF_Meas E/Z Update 15-CITY CLERK Total (107,200) (14,763) (92,437) 50,000
40-ADMINISTRATIVE SERVICES
25-HUMAN RESOURCES
41110-REGULAR TIME Expenditure (246,111) (107,533) (138,578) 106,579 GF_Meas E/Z Update 41111-INCENTIVE PAY Expenditure (700) (191) (509) 700 GF_Meas E/Z Update 42101-MISC PERS Expenditure (20,905) (11,455) (9,450) 9,087 GF_Meas E/Z Update 42102-MISC UAL Expenditure (1,209) (40) (1,169) 526 GF_Meas E/Z Update 42200-FLEX BENEFIT Expenditure (43,680) (21,063) (22,617) 23,520 GF_Meas E/Z Update 42300-EMPLOYER PAID BENEFITS Expenditure (5,581) (2,749) (2,832) 2,633 GF_Meas E/Z Update 42400-WORKERS COMP Expenditure (2,141) (1,023) (1,118) 927 GF_Meas E/Z Update 40-ADMINISTRATIVE SERVICES Total (320,327) (144,053) (176,274) 143,972 50-PUBLIC SAFETY
30-POLICE ADMINISTRATION
41110-REGULAR TIME Expenditure (1,014,237) (466,173) (548,065) 242,139 GF_Meas E/Z Update 41111-INCENTIVE PAY Expenditure (44,265) (39,249) (5,016) 12,898 GF_Meas E/Z Update 41430-UNIFORM ALLOWANCE Expenditure (2,750) (1,654) (1,096) 1,050 GF_Meas E/Z Update 42103-SAFETY PERS Expenditure (169,364) (75,697) (93,667) 84,611 GF_Meas E/Z Update 42104-SAFETY UAL Expenditure (8,802) (958) (7,844) 4,456 GF_Meas E/Z Update 42200-FLEX BENEFIT Expenditure (113,160) (51,446) (61,714) 20,400 GF_Meas E/Z Update 42300-EMPLOYR PAID BENEFITS Expenditure (32,024) (16,370) (15,654) 4,159 GF_Meas E/Z Update 42400-WORKERS COMP Expenditure (52,964) (40,382) (12,582) 23,063 GF_Meas E/Z Update 31-PATROL
41110-REGULAR TIME Expenditure (5,395,680) (2,247,933) (3,147,746) 337,608 GF_Meas E/Z Update 41111-INCENTIVE PAY Expenditure (355,248) (273,258) (81,990) 3,310 GF_Meas E/Z Update 41300-OVERTIME Expenditure (750,000) (584,723) (165,277) 42,470 GF_Meas E/Z Update 41410-HOLIDAY PAY Expenditure (253,077) (112,322) (140,755) 15,041 GF_Meas E/Z Update 41430-UNIFORM ALLOWANCE Expenditure (43,550) (18,173) (25,377) 3,150 GF_Meas E/Z Update 42103-SAFETY PERS Expenditure (1,333,538) (311,646) (1,021,892) 56,380 GF_Meas E/Z Update 42104-SAFETY UAL Expenditure (87,109) (5,816) (81,293) 4,776 GF_Meas E/Z Update 42200-FLEX BENEFIT Expenditure (858,000) (346,050) (511,950) 61,200 GF_Meas E/Z Update 42300-EMPLOYER PAID BENEFITS Expenditure (113,544) (74,466) (39,078) 6,876 GF_Meas E/Z Update 42400-WORKERS COMP Expenditure (519,136) (303,749) (215,387) 32,147 GF_Meas E/Z Update 32-DISPATCH
41110-REGULAR TIME Expenditure (912,059) (463,985) (448,074) 233,480 GF_Meas E/Z Update 41111-INCENTIVE PAY Expenditure (3,800) (12,963) 9,163 1,800 GF_Meas E/Z Update 41300-OVERTIME Expenditure (120,000) (89,175) (30,825) 20,000 GF_Meas E/Z Update 41430-UNIFORM ALLOWANCE Expenditure (7,800) (2,886) (4,914) 1,950 GF_Meas E/Z Update 42101-MISC PERS Expenditure (95,678) (52,475) (43,202) 20,093 GF_Meas E/Z Update 42102-MISC UAL Expenditure (5,199) (189) (5,010) 1,162 GF_Meas E/Z Update 42200-FLEX BENEFIT Expenditure (188,400) (93,457) (94,943) 48,000 GF_Meas E/Z Update 42300-EMPLOYER PAID BENEFITS Expenditure (22,120) (17,262) (4,858) 5,563 GF_Meas E/Z Update 42400-WORKERS COMP Expenditure (39,953) (19,211) (20,742) 9,853 GF_Meas E/Z Update 38-COMMUNITY PRESERVATION
41300-OVERTIME Expenditure (3,000) (740) (2,260) 1,350 GF_Meas E/Z Update 59135-ANIMAL SHELTER SERVICES Expenditure (518,421) (215,934) (302,487) 378,421 GF_Meas E/Z Update 50-PUBLIC SAFETY Total (13,062,878) (5,938,341) (7,124,537) 1,677,406 60-COMMUNITY DEVELOPMENT
42-ECONOMIC DEVELOPMENT
59100-CONTRACT SERVICES Expenditure (175,000) (53,443) (121,557) 175,000 GF_Meas E/Z Update 60-COMMUNITY DEVELOPMENT Total (175,000) (53,443) (121,557) 175,000 70-PUBLIC WORKS
52-STREETS
41300-OVERTIME Expenditure (810) (312) (498) 810 GF_Meas E/Z Update 51200-DIVISION SUPPLIES Expenditure (51,140) (10,283) (40,857) 51,140 GF_Meas E/Z Update 55400-DUES & MEMBERSHIPS Expenditure (480) 0 (480) 480 GF_Meas E/Z Update 55600-TRAINING & EDUCATION Expenditure (18,700) 0 (18,700) 18,700 GF_Meas E/Z Update 57100-ELECTRIC Expenditure (4,000) 0 (4,000) 4,000 GF_Meas E/Z Update 57170-REFUSE DISPOSAL Expenditure (1,300) (480) (820) 1,300 GF_Meas E/Z Update 59100-CONTRACT SERVICES Expenditure (63,000) (26,338) (36,663) 63,000 GF_Meas E/Z Update 2026 Mid-Year Adjustments
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2/18/2026 9:07 AM
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2026
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Budget
2026
Actuals
2026
Remaining
Balance
Ongoing Notes
2026 Mid-Year Adjustments
58-PARKS, TREES & LANDSCAPE
59100-CONTRACT SERVICES Expenditure (1,187,620) (647,331) (540,289) 150,000 GF_Meas E/Z Update 59150-CONTRCT - TREE TRIM CNTR Expenditure (642,040) (414,911) (227,129) 50,000 GF_Meas E/Z Update 70-PUBLIC WORKS Total (1,969,090) (1,099,655) (869,435) 339,430 80-LIBRARY
70-LIBRARY ADMINISTRATION
55320-PRINTING Expenditure (4,145) (65) (4,080) 2,000 GF_Meas E/Z Update 59100-CONTRACT SERVICES Expenditure (110,605) (42,768) (67,837) 5,250 GF_Meas E/Z Update 72-YOUTH SERVICES
51300-CONTENT FOR THE PUBLIC Expenditure (56,675) (15,810) (40,865) 17,600 GF_Meas E/Z Update 73-ADULT SERVICES
51300-CONTENT FOR THE PUBLIC Expenditure (170,270) (92,110) (78,160) 80,400 GF_Meas E/Z Update 80-LIBRARY Total (341,695) (150,754) (190,941) 105,250
90-RECREATION & HUMAN SERVICES
81-RECREATION
58100-RECREATION ACTV & EVENTS Expenditure (187,900) (69,851) (118,049) 9,000 GF_Meas E/Z Update 58100-RECREATION ACTV & EVENTS Expenditure 0 0 0 60,000 GF_Meas E/Z Update 83-TEEN CENTER
41210-PART TIME Expenditure (422,990) (277,295) (145,695) 79,110 GF_Meas E/Z Update 42105-PT RETIREMENT Expenditure (15,862) (11,248) (4,614) 2,967 GF_Meas E/Z Update 42300-EMPLOYER PAID BENEFITS Expenditure (9,194) (5,848) (3,346) 1,147 GF_Meas E/Z Update 42400-WORKERS COMP Expenditure (21,936) (14,530) (7,407) 3,338 GF_Meas E/Z Update 90-RECREATION & HUMAN SERVICES Total (657,883) (378,771) (279,111) 155,562 101-GENERAL FUND Total (22,335,323) (7,779,781) (14,555,542) 0 103-MEASURES E/Z
00-NON-DEPARTMENTAL
98-OTHER FINANCING USES
90101-T/O GENERAL FUND Expenditure (5,701,250) 0 (5,701,250) 2,646,620 GF_Meas E/Z Update 00-NON-DEPARTMENTAL Total (5,701,250) 0 (5,701,250) 2,646,620 15-CITY CLERK
03-CITY CLERK
59100-CONTRACT SERVICES Expenditure 0 0 0 (50,000) GF_Meas E/Z Update 15-CITY CLERK Total 0 0 0 (50,000)
40-ADMINISTRATIVE SERVICES
25-HUMAN RESOURCES
41110-REGULAR TIME Expenditure 0 0 0 (106,579) GF_Meas E/Z Update 41111-INCENTIVE PAY Expenditure 0 0 0 (700) GF_Meas E/Z Update 42101-MISC PERS Expenditure 0 0 0 (9,087) GF_Meas E/Z Update 42102-MISC UAL Expenditure 0 0 0 (526) GF_Meas E/Z Update 42200-FLEX BENEFIT Expenditure 0 0 0 (23,520) GF_Meas E/Z Update 42300-EMPLOYER PAID BENEFITS Expenditure 0 0 0 (2,633) GF_Meas E/Z Update 42400-WORKERS COMP Expenditure 0 0 0 (927) GF_Meas E/Z Update 40-ADMINISTRATIVE SERVICES Total 0 0 0 (143,972)
50-PUBLIC SAFETY
30-POLICE ADMINISTRATION
41110-REGULAR TIME Expenditure (45,250) (29,112) (16,138) (242,139) GF_Meas E/Z Update 41111-INCENTIVE PAY Expenditure (1,000) (478) (522) (12,898) GF_Meas E/Z Update 41430-UNIFORM ALLOWANCE Expenditure 0 0 0 (1,050) GF_Meas E/Z Update 42103-SAFETY PERS Expenditure 0 0 0 (84,611) GF_Meas E/Z Update 42104-SAFETY UAL Expenditure 0 0 0 (4,456) GF_Meas E/Z Update 42200-FLEX BENEFIT Expenditure (8,400) (4,051) (4,350) (20,400) GF_Meas E/Z Update 42300-EMPLOYR PAID BENEFITS Expenditure (1,056) (657) (399) (4,159) GF_Meas E/Z Update 42400-WORKERS COMP Expenditure (394) (247) (146) (23,063) GF_Meas E/Z Update 31-PATROL
41110-REGULAR TIME Expenditure 0 0 0 (337,608) GF_Meas E/Z Update 41111-INCENTIVE PAY Expenditure 0 0 0 (3,310) GF_Meas E/Z Update 41300-OVERTIME Expenditure 0 0 0 (42,470) GF_Meas E/Z Update 41410-HOLIDAY PAY Expenditure 0 0 0 (15,041) GF_Meas E/Z Update 41430-UNIFORM ALLOWANCE Expenditure 0 0 0 (3,150) GF_Meas E/Z Update 42103-SAFETY PERS Expenditure 0 0 0 (56,380) GF_Meas E/Z Update 42104-SAFETY UAL Expenditure 0 0 0 (4,776) GF_Meas E/Z Update 42200-FLEX BENEFIT Expenditure 0 0 0 (61,200) GF_Meas E/Z Update 42300-EMPLOYER PAID BENEFITS Expenditure 0 0 0 (6,876) GF_Meas E/Z Update 42400-WORKERS COMP Expenditure 0 0 0 (32,147) GF_Meas E/Z Update 2 of 3
2/18/2026 9:07 AM
Fund/Deparment/Division/Object Account Type
2026
Amended
Budget
2026
Actuals
2026
Remaining
Balance
Ongoing Notes
2026 Mid-Year Adjustments
32-DISPATCH
41110-REGULAR TIME Expenditure 0 0 0 (233,480) GF_Meas E/Z Update 41111-INCENTIVE PAY Expenditure 0 0 0 (1,800) GF_Meas E/Z Update 41300-OVERTIME Expenditure 0 0 0 (20,000) GF_Meas E/Z Update 41430-UNIFORM ALLOWANCE Expenditure 0 0 0 (1,950) GF_Meas E/Z Update 42101-MISC PERS Expenditure 0 0 0 (20,093) GF_Meas E/Z Update 42102-MISC UAL Expenditure 0 0 0 (1,162) GF_Meas E/Z Update 42200-FLEX BENEFIT Expenditure 0 0 0 (48,000) GF_Meas E/Z Update 42300-EMPLOYER PAID BENEFITS Expenditure 0 0 0 (5,563) GF_Meas E/Z Update 42400-WORKERS COMP Expenditure 0 0 0 (9,853) GF_Meas E/Z Update 38-COMMUNITY PRESERVATION
41300-OVERTIME Expenditure 0 0 0 (1,350) GF_Meas E/Z Update 59135-ANIMAL SHELTER SERVICES Expenditure 0 0 0 (378,421) GF_Meas E/Z Update 50-PUBLIC SAFETY Total (56,100) (34,545) (21,555) (1,677,406) 60-COMMUNITY DEVELOPMENT
42-ECONOMIC DEVELOPMENT
59100-CONTRACT SERVICES Expenditure 0 0 0 (175,000) GF_Meas E/Z Update 60-COMMUNITY DEVELOPMENT Total 0 0 0 (175,000)
70-PUBLIC WORKS
52-STREETS
41300-OVERTIME Expenditure 0 0 0 (810) GF_Meas E/Z Update 51200-DIVISION SUPPLIES Expenditure 0 0 0 (51,140) GF_Meas E/Z Update 55400-DUES & MEMBERSHIPS Expenditure 0 0 0 (480) GF_Meas E/Z Update 55600-TRAINING & EDUCATION Expenditure 0 0 0 (18,700) GF_Meas E/Z Update 57100-ELECTRIC Expenditure 0 0 0 (4,000) GF_Meas E/Z Update 57170-REFUSE DISPOSAL Expenditure 0 0 0 (1,300) GF_Meas E/Z Update 59100-CONTRACT SERVICES Expenditure 0 0 0 (63,000) GF_Meas E/Z Update 58-PARKS, TREES & LANDSCAPE
59100-CONTRACT SERVICES Expenditure 0 0 0 (150,000) GF_Meas E/Z Update 59150-CONTRCT - TREE TRIM CNTR Expenditure 0 0 0 (50,000) GF_Meas E/Z Update 70-PUBLIC WORKS Total 0 0 0 (339,430)
80-LIBRARY
70-LIBRARY ADMINISTRATION
55320-PRINTING Expenditure 0 0 0 (2,000) GF_Meas E/Z Update 59100-CONTRACT SERVICES Expenditure 0 0 0 (5,250) GF_Meas E/Z Update 72-YOUTH SERVICES
51300-CONTENT FOR THE PUBLIC Expenditure 0 0 0 (17,600) GF_Meas E/Z Update 73-ADULT SERVICES
51300-CONTENT FOR THE PUBLIC Expenditure 0 0 0 (80,400) GF_Meas E/Z Update 80-LIBRARY Total 0 0 0 (105,250)
90-RECREATION & HUMAN SERVICES
81-RECREATION
58100-RECREATION ACTV & EVENTS Expenditure 0 0 0 (69,000) GF_Meas E/Z Update 83-TEEN CENTER
41210-PART TIME Expenditure 0 0 0 (79,110) GF_Meas E/Z Update 42105-PT RETIREMENT Expenditure 0 0 0 (2,967) GF_Meas E/Z Update 42300-EMPLOYER PAID BENEFITS Expenditure 0 0 0 (1,147) GF_Meas E/Z Update 42400-WORKERS COMP Expenditure 0 0 0 (3,338) GF_Meas E/Z Update 90-RECREATION & HUMAN SERVICES Total 0 0 0 (155,562)
103-MEASURES E/Z Total (5,757,350) (34,545) (5,722,805) 0 Grand Total (28,092,672) (7,814,325) (20,278,347) 0 GF_Meas E/Z Update Net Use of Available Resources 3 of 3
2/17/20267:21 PM

CITY OF GLENDORAGENERAL FUND MULTI-YEAR FINANCIAL FORECAST FY 2024-25
ACTUAL
1 BEGINNING BALANCE 17,992,731 18,481,999 18,671,407 18,714,330 18,997,498

REVENUE
2 Property Taxes 17,809,683 $ 18,628,000 $ 4.6% 18,628,000 $ 0.0% 19,617,500 $ 5.3% 20,007,500 2.0% 20,808,000 4.0% 21,640,000 4.0%3 Sales Tax 11,252,922 11,300,000 0.4% 11,300,000 0.0% 11,600,000 2.7% 11,720,000 1.0% 11,896,000 1.5% 12,009,000 0.9%4 Other Taxes 4,157,416 3,926,290 -5.6% 3,926,290 0.0% 3,941,290 0.4% 3,941,000 0.0% 3,941,000 0.0% 3,941,000 0.0%5 Licenses & Permits 1,564,426 1,417,380 -9.4% 1,417,380 0.0% 1,417,380 0.0% 1,432,000 1.0% 1,446,000 1.0% 1,460,000 1.0%6 Fines & Forfeitures 424,157 355,000 -16.3% 355,000 0.0% 355,000 0.0% 355,000 0.0% 355,000 0.0% 355,000 0.0%7 Rents & Interest 2,514,019 2,022,570 -19.5% 2,022,570 0.0% 2,037,570 0.7% 2,048,000 0.5% 2,052,000 0.2% 2,058,000 0.3%8 Plan, Bldg & Eng 1,428,692 1,501,300 5.1% 1,576,300 5.0% 1,576,300 0.0% 1,624,000 3.0% 1,673,000 3.0% 1,723,000 3.0%9 Admin, Recreation & Library 1,140,486 995,440 -12.7% 1,010,440 1.5% 1,010,230 0.0% 1,010,000 0.0% 1,010,000 0.0% 1,010,000 0.0% 10 Miscellaneous 1,211,140 392,700 -67.6% 427,700 8.9% 402,700 -5.8% 403,000 0.1% 403,000 0.0% 403,000 0.0%11 Transfers In-Measures E/Z 3,062,362 5,661,250 84.9% 3,014,630 -46.7% 3,498,387 16.0% 3,415,000 -2.4% 3,617,000 5.9% 3,268,561 -9.6% REVENUE TOTAL 44,565,304 46,199,930 3.7% 43,678,310 -5.5% 45,456,357 4.1% 45,955,500 1.1% 47,201,000 2.7% 47,867,561 1.4%

EXPENDITURES
12 Salaries 18,583,759 17,845,314 -4.0% 16,756,659 -6.1% 18,118,926 8.1% 18,662,000 3.0% 19,222,000 3.0% 19,799,000 3.0%13 Retirement 2,599,566 3,045,336 17.1% 2,861,278 -6.0% 3,283,544 14.8% 3,382,000 3.0% 3,683,000 8.9% 3,867,000 5.0%14 Other Benefits 3,574,840 4,151,760 16.1% 3,908,934 -5.8% 3,948,593 1.0% 3,988,000 1.0% 4,028,000 1.0% 4,048,000 0.5%15 Operations & Maintenance 8,867,819 9,823,952 10.8% 9,036,701 -8.0% 8,955,540 -0.9% 9,000,000 0.5% 9,045,000 0.5% 9,090,000 0.5%16 Allocation - Internal Svc 5,735,215 5,517,338 -3.8% 5,517,338 0.0% 5,758,975 4.4% 5,759,000 0.0% 5,759,000 0.0% 5,759,000 0.0%17 Allocation - Insurance 2,043,522 2,046,812 0.2% 2,046,812 0.0% 2,060,917 0.7% 2,061,000 0.0% 2,061,000 0.0% 2,061,000 0.0%18 Elections 134,777 11,400 -91.5% 11,900 4.4% 90,900 663.9% 8,000 -91.2% 130,500 1531.3% 8,000 -93.9%19 Transfers Out-POB 2,948,175 2,953,460 100.0% 2,953,460 0.0% 2,950,355 -0.1% 2,953,377 0.1% 2,954,332 0.0% 2,960,000 0.2%20 Transfers Out-Other 77,632 95,960 23.6% 95,960 0.0% 99,200 3.4% 99,200 0.0% 35,000 -64.7% 35,000 0.0% EXPENDITURE TOTAL 44,565,304 45,491,332 2.1% 43,189,042 -5.1% 45,266,949 4.8% 45,912,577 1.4% 46,917,832 2.2% 47,627,000 1.5% 21 Net (Loss) - 708,598 489,268 189,408 42,923 283,168 240,56122 Ending Balance 18,481,999 40.7% 18,671,407 43.3% 18,714,330 41.5% 18,997,498 41.5% 19,238,059 41.1% NOTES:
2 Numbers from consultant indicate steady increases in property tax. 34 Franchise Fees are projected to remain relatively consistent with programmed increases for Refuse. Business License & TOT are projected to remain consistent. 5,6 The revenues are projected to be relatively consistent with some programmatic increases anticipated for Licenses & Permits related to the Citywide Fee Study and enhanced parking enforcement tools. 7 Rental activity has stabilized and the City's investments are trending in a positive direction. FY26 and beyond, interest earnings are relatively stable as the current/future interest rate environment is uncertain.8 Development has continued and steady increases are projected with the citywide fee study. The current economic and insurance environments create uncertainty around future development.9 FY26 & Beyond expected to be consistent. Primary components of this line are Recreation contract classes and programs. 10 FY25 DOF approved $200K and FY26 $100K for ROPS administrative amount, assumes $100K FY27 and beyond. FY25 Includes one-time adjustment for Gold Line police services overtime reimbursement.11 12,13,14 Salaries/Benefits/Retirement; FY26 and beyond include assumptions for recently completed negotiations. Includes updates to report more services directly in Measures E/Z. 15 16,17 These costs are related to internal services funds. Fluctuation due to capital outlay needs in Information Technology and City Fleet. Assumes City achieves insurance savings with change in SIR approach. 18 The City holds elections in November of even calendar years. 19,20 Includes debt service payment for the 2019 POBs, lease pmts on the energy efficiency projects & Landscape Maintenance Fund subsidy. 21 Amount required from the operating results to maintain 30%-45% contingency reserve.22 The City's General Fund Reserve Policy is a minimum of 30% to maximum of 45% of prior year operational expenditures.

The Contingency Reserve Contribution is added to the beginning available balance to reach the ending available balance.

ESTIMATE ESTIMATE
FY25 reduction due to sluggish third quarter 2024 tax filings and mixed short-term performance (primarily in the Autos/Transportation, Building/Construction, Food/Drugs, Fuel/Service, and Consumer Goods sectors).Includes updates to report more services directly in Measures E/Z. Future years assumptions include additional use of contracted services to maintain service levels.

FY 2025-26 FY 2029-30

AMENDED MID-YEAR
FY 2025-26 FY 2027-28 FY 2028-29 FY 2026-27
Based on actual results at the end of the fiscal year to represent the "subsidy" amount from Measures E/Z to balance the General Fund and meet the contingency reserve requirements.If there are savings in the General Fund this will result in a "subsidy" less than the amount projected to cover budgeted expenditures).Expenditures have been updated to reflect services paid for by Measures E/Z directly in Measures E/Z and to reduce the transfer to the General Fund.

PROGRAMMED ESTIMATE
2/17/20267:20 PM

CITY OF GLENDORAMEASURES E/Z MULTI-YEAR FINANCIAL FORECAST A
FY 2024-25
ACTUAL
1 BEGINNING BALANCE - 1,563,750 2,344,335 2,715,335 2,913,335

REVENUE
2 Transactions & Use Tax (E) 8,400,399 $ 8,700,000 $ 3.6% 8,700,000 $ 0.0% 8,730,000 $ 0.3% 8,770,000 $ 0.5% 8,800,000 $ 0.3% 8,830,000 $ 0.3%3 Transactions & Use Tax (Z) 672,641 2,700,000 0.0% 2,700,000 $ 0.0% 2,710,000 0.4% 2,720,000 0.4% 2,730,000 0.4% 2,740,000 0.4%4 Interest 171,995 107,000 -37.8% 107,000 0.0% 107,000 0.0% 108,000 0.9% 109,000 0.9% 110,000 0.9% REVENUE TOTAL 9,245,035 $ 11,507,000 $ 24.5% 11,507,000 $ 0.0% 11,547,000 $ 0.3% 11,598,000 $ 0.4% 11,639,000 $ 0.4% 11,680,000 $ 0.4%

EXPENDITURES
5 Salaries 1,518,664 1,712,135 12.7% 2,815,580 64.4% 3,098,957 10.1% 3,502,135 13.0% 3,607,000 3.0% 3,715,000 3.0%6 Retirement 168,947 308,396 82.5% 492,454 59.7% 611,546 24.2% 709,507 16.0% 731,000 3.0% 753,000 3.0%7 Other Benefits 309,877 386,941 24.9% 629,767 62.8% 690,868 9.7% 787,358 14.0% 811,000 3.0% 835,000 3.0%8 Operations & Maintenance 28,003 490,900 1653.0% 1,607,191 227.4% 1,712,976 6.6% 1,764,000 3.0% 1,817,000 3.0% 2,082,171 14.6%9 Transfers Out-GF 2,642,240 5,661,250 114.3% 3,014,630 -46.7% 3,494,825 15.9% 3,365,000 -3.7% 3,587,000 6.6% 3,238,561 -9.7% 10 Transfers Out-GUSD - 294,500 0.0% 294,500 0.0% 282,600 -4.0% 230,000 -18.6% 220,000 -4.3% 220,000 0.0%11 Transfers Out-POB 376,085 370,955 -1.4% 370,955 0.0% 371,865 0.2% 367,175 -1.3% 366,425 -0.2% 360,000 -1.8%12 Transfers Out-CIP 2,100,609 518,173 -75.3% 518,173 0.0% 252,778 -51.2% 251,825 -0.4% 151,575 -39.8% 159,317 5.1%13 Transfers Out-Pension Fund 1,260,365 120,000 -90.5% 120,000 0.0% 150,000 25.0% 150,000 0.0% 90,000 -40.0% 90,000 0.0%14 Transfers Out-OPEB 115 Trust 420,122 40,000 -90.5% 40,000 0.0% 50,000 25.0% 50,000 0.0% 30,000 -40.0% 30,000 0.0%15 Transfers Out-Internal Svc 420,122 40,000 -90.5% 40,000 0.0% 50,000 25.0% 50,000 0.0% 30,000 -40.0% 30,000 0.0% EXPENDITURE TOTAL 9,245,035 $ 9,943,250 $ 7.6% 9,943,250 $ 0.0% 10,766,415 $ 8.3% 11,227,000 $ 4.3% 11,441,000 $ 1.9% 11,513,049 $ 0.6% 16 Net (Loss) 1,563,750 - 1,563,750 780,585 371,000 198,000 166,95117 ENDING BALANCE 1,563,750 $ 2,344,335 $ 2,715,335 $ 2,913,335 $ 3,080,286 $ NOTES:
2,3 FY25 reduction due to sluggish third quarter 2024 tax filings and mixed short-term results in Autos/Transportation, Building/Construction, Food/Drugs, Fuel/Service, and Consumer Goods sectors. 4 FY26 and beyond, interest earnings are relatively stable as the current/future interest rate environment is uncertain. 5,6,7
89 Transfer covering General Fund deficit and meeting contingency reserve policy limits. Includes updates to report more services directly in Measures E/Z. 10 Transfer for cost offset of GUSD JUA for police department provided services.11 Transfer for fairshare of pension obligation bond debt service cost. 12,1314,15
50% to the Capital Projects Fund, 30% to the PERS Rate Stabilization Fund, 10% to OPEB Section 115 Trust (held in General Fund) and 10% to Internal Service Funds.

Forecast is based on budgeted amounts and may fluctuate with actual results as of June 30.

Assumes amounts available for capital projects, pension reserve and internal service funds are moved to those funds in accordance with the Reserve Policy Salaries/Benefits/Retirement for FY25 include ongoing costs of the recent realignments. FY26 and beyond include assumptions for recently completed and future negotiations.Includes updates to report more services directly in Measures E/Z.

B1 D E F C G
Includes $335K to $380K for Homelessness Progams for FY 2026 and beyond. City staff is actively looking for grants to recover these anticipated costs. Includes Measures E/Z funding priorities set by Council at June 3, 2025 Budget Workshop for additional consulting services for affordable housing.The City has taken a more active approach to budgeting for the reserve policy that provides funding for capital projects, pension stabilization, subsidies for internal service funds, and OPEB 115 Trust. These transfers may be updated based on actual results at the end of the fiscal year.

FY 2025-26 FY 2026-27 FY2027-28 FY2028-29 FY2029-30

PROGRAMMED ESTIMATE ESTIMATE
FY 2025-26

AMENDED MID-YEAR ESTIMATE
2/19/20263:19 PM

CITY OF GLENDORAWATER FUNDS MULTI-YEAR BUDGET PROJECTION A
FY 2024-25
FUND 501 - OPERATIONS ACTUAL
BEGINNING BALANCE $ 10,647,85 7,755,600 $ 11,725,32 9 $ 11,768,261 5 $ 11,793,02 $ 8

REVENUE
1 Meter Connection 10,970,00 8,959,098 22.4% 10,970,00 0 0.0% 11,300,00 0 3.0% 11,413,00 0 1.0% 11,470,00 0 0.5% 11,527,00 0 0.5% 02 Consumption 9,455,32 15,500,00 8 63.9% 14,500,00 0 -6.5% 14,900,00 0 2.8% 15,049,00 0 1.0% 15,124,00 0 0.5% 15,200,00 0 0.5% 03 Elevation 3,909,88 2,600,00 7 -33.5% 3,600,00 0 38.5% 3,670,00 0 1.9% 3,706,70 0 1.0% 3,744,00 0 1.0% 3,781,00 0 1.0% 04 Other Water Service Charges 440,58 316,67 3 -28.1% 316,67 5 0.0% 316,67 5 0.0% 316,67 5 0.0% 317,00 5 0.1% 317,00 0 0.0% 05 Sales to Other Water Co 63,704 92,500 45.2% 92,500 0.0% 92,500 0.0% 92,500 0.0% 92,500 0.0% 92,500 0.0% 6 Misc Revenues/Interest 298,00 466,531 -36.1% 298,00 0 0.0% 298,00 0 0.0% 298,89 0 0.3% 300,00 4 0.4% 301,00 0 0.3% 0 REVENUE TOTAL 29,777,17 23,295,131 5 27.8% 29,777,175 0.0% 30,577,175 2.7% 30,876,769 1.0% 31,047,500 0.6% 31,218,500 0.6%

EXPENDITURES
7 Production 4,019,35 5,211,16 2 29.7% 5,211,16 5 0.0% 5,270,82 5 1.1% 5,323,53 3 1.0% 5,376,76 2 1.0% 5,404,00 7 0.5% 08 Transmission/Distribution 3,233,03 3,959,94 4 22.5% 3,959,94 0 0.0% 4,095,42 0 3.4% 3,784,59 8 -7.6% 3,828,96 9 1.2% 3,867,00 9 1.0% 09 Elevation (Pumping Expenses) 1,837,50 1,459,511 25.9% 1,837,50 0 0.0% 1,837,50 0 0.0% 1,837,50 0 0.0% 1,837,50 0 0.0% 1,838,00 0 0.0% 0 10 Water Customer Service 1,185,43 775,36 7 -34.6% 830,36 3 7.1% 800,56 3 -3.6% 689,50 4 -13.9% 699,79 5 1.5% 703,00 5 0.5% 011 Water Administration 2,226,99 3,060,36 6 37.4% 3,060,36 2 0.0% 3,442,89 2 12.5% 2,475,57 9 -28.1% 2,660,66 6 7.5% 2,669,00 8 0.3% 012 Support 3,478,05 2,707,487 28.5% 3,478,05 3 0.0% 3,664,77 3 5.4% 4,487,55 3 22.5% 4,533,40 3 1.0% 4,547,00 7 0.3% 013 Water Conservation 581,80 1,251,65 6 115.1% 1,251,65 3 0.0% 1,307,45 3 4.5% 1,130,66 2 -13.5% 1,146,63 7 1.4% 1,158,00 0 1.0% 014 Debt Service 2,427,48 3,839,30 7 58.2% 3,839,30 0 0.0% 5,971,76 0 55.5% 5,238,48 0 -12.3% 4,604,91 7 -12.1% 4,611,00 3 0.1% 015 Transfer Out - Capital Fund 5,000,00 3,365,40 0 -32.7% 3,365,40 0 0.0% 3,055,00 0 -9.2% 5,830,00 0 90.8% 6,330,00 0 8.6% 6,330,00 0 0.0% 016 Transfer Out - Energy & Others 51,180 43,449 17.8% 51,180 0.0% 53,510 4.6% 36,414 -31.9% 4,084 -88.8% 4,000 -2.1% EXPENDITURE TOTAL 26,829,91 22,884,558 6 17.2% 26,884,916 0.2% 29,499,709 9.7% 30,833,833 4.5% 31,022,733 0.6% 31,131,000 0.3% Operations Net (Loss) 2,947,25 410,573 2,892,25 9 1,077,46 9 42,936 6 24,767 87,500 17 ENDING BALANCE 45.4% 11,725,32 10,647,859 44.4% 11,768,261 5 47.1% 11,793,02 47.8% 11,880,52 8 47.9% 8 FY 2024-25 FY 2025-26
FUND 502 - CAPITAL PROJECTS ACTUAL AMENDED
BEGINNING BALANCE $ 9,617,27 12,672,785 $ 7,205,59 4 $ 464,07 4 $ 677,92 9 $ 9

REVENUE
18 Transfer In - Operating Fund 3,365,40 5,000,000 -32.7% 3,365,40 0 0.0% 3,055,00 0 -9.2% 5,830,00 0 90.8% 6,330,00 0 8.6% 6,330,00 0 0.0% 019 Development Fees/Other 274,00 270,836 1.2% 274,00 0 0.0% 274,00 0 0.0% 267,30 0 -2.4% 270,00 0 1.0% 271,00 0 0.4% 020 Infrastructure Revenue Bond 15,000,00 - 0.0% 15,000,00 0 0.0% - 0 -100.0% - 0% - 0% - 0% REVENUE TOTAL 18,639,40 5,270,836 0 0.0% 18,639,400 0.0% 3,329,000 -82.1% 6,097,300 83.2% 6,600,000 8.2% 6,601,000 0.0%

EXPENDITURES
21 Capital Projects 1,770,511 21,694,911 1125.3% 21,694,911 0.0% 5,740,681 -73.5% 12,838,81 123.6% 6,386,15 5 -50.3% 5,831,11 0 -8.7% 0 EXPENDITURE TOTAL 21,694,911 1,770,511 1125.3% 21,694,911 0.0% 5,740,681 -73.5% 12,838,815 123.6% 6,386,150 -50.3% 5,831,110 -8.7% Capital Projects Net (Loss) 3,500,325 (3,055,511) (3,055,511) (2,411,681) 213,85 (6,741,515) 769,89 0 0 22 ENDING BALANCE $ 7,205,59 9,617,274 $ 464,07 4 $ 677,92 9 $ 1,447,81 9 $ 9 NOTES:
1,2 Rate Study Adopted December 2023 according to Infrastructure Assessment 3 Sales to other companies, depends on the water demand from other water company4 Primarily interest earnings, forecasted conservatively due to uncertain interest rate environment7 Actuals show maintenance and operations savings. FY25 and beyond assume consistent budget, any actual savings may become available for the Capital Projects Fund 10 Water Customer Service shows re-alignment of personnel costs between FY24 and FY25 11 Includes Vehicle Fund allocation of direct charge for vehicle purchases and indirect charges for maintenance and repairs 12 Cost of water personnel, water assessments, cost of water conservation grant programs and costs related to the divisions supporting the water fund (i.e Finance, Human Resources, etc. 14 Debt Service includes the 2012 CSCDA Water Revenue Bonds, 2016 Water Revenue Bonds, 2019 Pension Obligation Bonds, and assumptions for new infrastructure bond issuance 15,18
16 Transfers for Citywide Energy Efficiency Project debt service & to LMD's to supplement zones 17 Water Fund Reserves Policy (adopted by Resolution No. 2010-49) equal to the cost to fund operations for a six-month period19 Primarily interest earnings, forecasted conservatively due to uncertain interest rate environment20 Revenue Bond Issuance $15 million to fund CIP. The City is monitoring the economy and issuance conditions. Issuance may occur during FY26 Amount based on Water Fund Reserves Policy where the Water Operations Working Capital and Catastrophic Reserve (adopted by Resolution No. 2010-49) shall be in an amount equal to the cost to fund operations for a six-month period in the event of a catastrophic event and remaining amounts are transferred from the Water Operations to the Water Capital Projects Fund.

FY 2027-28

PROJECTED
FY 2025-26

AMENDED
FY 2025-26 FY 2026-27 FY 2027-28 FY2028-29 FY2029-30

MID-YEAR PROGRAMMED PROJECTED PROJECTED PROJECTED
B J

PROJECTED
F

MID-YEAR
E
FY 2025-26 FY2029-30
H
FY 2026-27

PROGRAMMED
FY2028-29

PROJECTED
G

MID-YEAR BUDGET REVIEW
FISCAL YEAR 2025-2026

FINANCE DEPARTMENT

CITY COUNCIL MEETING
FEBRUARY 24, 2026

KYLE JOHNSON, FINANCE DIRECTOR

MID-YEAR REVIEW PROCESS
The Mid-Year Review process includes review and
analysis by all City Departments and is part of managing a dynamic City. Financial planning/forecasting is done
with the best available information at the time, however, the economy, elections, shopping trends, and legislation can change our planning assumptions quickly.

The review resulted in common Mid-Year budget
adjustment scenarios summarized below.
• Some revenue trends exceed or will not meet the budget. • Revenues have been received but there was no budget
(typically grant funding).
• Expenditure increases requested due to identified needs subsequent to budget adoption.
• Expenditure decreases due to changes in activity (often related to reduction in revenue).

GENERAL FUND & MEASURE E/Z SUMMARY
REVENUE ADJUSTMENTS:
• NON-DEPARTMENTAL: $2,646,620 DECREASE IN TRANSFERS IN FROM MEASURES E/Z. UPDATE TO REPORT PROGRAMS DIRECTLY IN MEASURES E/Z. • POLICE: $35,000 INCREASE IN SPECIAL POLICE SERVICES FOR NEIGHBORHOOD FLOCK CAMERAS. • COMMUNITY DEVELOPMENT: $75,000 INCREASE IN BUILDING PLAN CHECKING REVENUE BASED ON TREND.

EXPENDITURE ADJUSTMENTS:
• MULTIPLE DEPARTMENTS: $2,646,620 DECREASE FOR UPDATE IN REPORTING PROGRAMS DIRECTLY FUNDED BY MEASURES E/Z. • POLICE: $85,300 INCREASE FOR INCREASE IN AMOUNT AND COST OF MANDATORY OFFICER TRAINING AND INVESTIGATION TOOLS. • COMMUNITY DEVELOPMENT: $75,000 INCREASE FOR BUILDING PLAN CHECKING/INSPECTIONS CONTRACT SERVICES. • PUBLIC WORKS: $104,530 INCREASE PRIMARILY RELATED TO PARKS, TREES & LANDSCAPE COSTS.

OVERALL, WITH THE ADJUSTMENTS, THE GENERAL FUND IS BALANCED AND THE CITY MEETS THE RESERVE POLICY REQUIREMENTS.

FUND

ESTIMATED

BEGINNING

BALANCE
07/01/2025
FY 2026

AMENDED
BUDGET

REVENUES
FY 2026

MID-YEAR

ADJUSTMENT

REVENUES
FY 2026

AMENDED
BUDGET

EXPENDITURES
FY 2026

MID-YEAR

ADJUSTMENT

EXPENDITURES

ESTIMATED
ENDING

BALANCE
06/30/2026
GENERAL FUND 17,992,731 46,199,930 (2,521,620) 45,491,332 (2,302,290) 18,481,999 MEASURES E/Z - 11,507,000 - 9,943,250 - 1,563,750
TOTAL 17,992,731 57,706,930 (2,521,620) 55,434,582 (2,302,290) 20,045,749 FY 2024-25 MID-YEAR REVIEW AND
THE APPROACHING FY2025 – 2027 TWO-YEAR BUDGET
• Impacts of severe weather events and the reacting insurance landscape. • Unknown of shifting federal policies related to funding for City infrastructure projects. • Community support is needed for City facility improvements. • Critical opportunity to further address homelessness through the development of housing and supportive services in Glendora.
• Continue with aggressive capital improvements throughout the City. • Significant private investment will continue throughout the City. • City employee negotiations will commence as current contracts expire over the next year.

GENERAL FUND MULTI-YEAR FINANCIAL FORECAST

MEASURE E/Z MULTI-YEAR FINANCIAL FORECAST
OTHER FUNDS –SUMMARY
FUND

ESTIMATED

BEGINNING

BALANCE
07/01/2025
FY 2026

AMENDED
BUDGET

REVENUES
FY 2026

MID-YEAR

ADJUSTMENT

REVENUES
FY 2026

AMENDED
BUDGET

EXPENDITURES
FY 2026

MID-YEAR

ADJUSTMENT

EXPENDITURES

ESTIMATED
ENDING

BALANCE
06/30/2026
SPECIAL REVENUE FUNDS 12,829,240 16,641,187 70,660 16,997,682 81,610 13,361,208 CAPITAL PROJECTS FUND 4,715,772 518,173 - 3,346,794 100,000 1,797,151 DEBT SERVICE FUNDS 52,600 3,492,905 - 3,492,905 - 52,600 ENTERPRISE FUNDS 20,428,385 48,416,575 - 48,524,827 55,000 20,265,133 INTERNAL SERVICES FUNDS 6,981,957 11,296,121 105,000 12,256,130 275,000 5,851,947 SUCCESOR AGENCY FUNDS 243,495 2,917,640 - 2,862,565 - 298,570 TOTAL OTHER FUNDS 45,251,449 83,282,601 175,660 87,480,903 511,610 40,717,196 REVENUE ADJUSTMENTS:
• SPECIAL REVENUE FUNDS
• MATCH GRANT AWARDS- POLICE, FRIENDS FOUNDATION.

EXPENDITURE ADJUSTMENTS:
• SPECIAL REVENUE FUNDS
• MATCH GRANT AWARDS- POLICE, FRIENDS FOUNDATION.
• CAPITAL PROJECTS FUNDS
• GOLD/A LINE CONSULTANT SERVICES WITH JMDIAZ, INC.
• ENTERPRISE FUNDS
• OPERATIONAL INCREASES REPAIRS/REPLACEMENT OF AMI BAS STATION. • CIP: NO ADJUSTMENTS REQUESTED WITH MID-YEAR.
• INTERNAL SERVICES FUNDS
• INFORMATION TECHNOLOGY: INCREASES FOR INCREASE PHONE/CELLPHONE COSTS, SOFTWARE SUBSCRIPTIONS, EQUIPMENT REPLACEMENT.
• VEHICLE REPLACEMENT FUND: REPAIRS FOR 1 WATER DIVISION VACTOR TRUCK .

OTHER FUNDS –SUMMARY

WATER FUND MULTI-YEAR FINANCIAL FORECAST

STAFFING CHANGES
NO STAFFING CHANGES REQUESTED WITH MID-YEAR.

RECOMMENDATIONS
THAT THE CITY COUNCIL:

1. ADOPT A JOINT RESOLUTION ENTITLED, “RESOLUTION OF THE CITY

COUNCIL, SUCCESSOR AGENCY AND HOUSING AUTHORITY AMENDING THE FY 2025-26 FISCAL BUDGET PER THE MID-YEAR REVIEW
RECOMMENDATIONS.”

STAFF REPORT
TO: Mayor and Council Members DATE: February 24, 2026
FROM: City Manager DISTRICT(S): Citywide
SUBJECT: Use of One-Time Funds

RECOMMENDATION
That the City Council:

1. Receive an overview on one-time funding opportunities; and

2. Provide direction, as needed.

STRATEGIC FOCUS AREAS
Goal 3 - New + Revitalized Facilities
Goal 4 - Sustainable Infrastructure

EXECUTIVE SUMMARY
Over the past decade, Glendora restored its financial stability by addressing a $3–$4 million structural deficit through voter-approved sales tax measures, pension restructuring, and stronger reserve and capital funding policies. These reforms earned the City a AAA bond rating and enabled targeted investments in infrastructure, public safety, and homelessness response aligned with community priorities. With the recent passage of Measure Z and a continued focus on long-term planning, the City remains committed to fiscal discipline while carefully balancing limited resources against ongoing service and infrastructure needs.

At the January 13, 2026, staff committed to returning to the City Council with a broader conversation regarding one-time uses of available resources during or after the mid-year budget update. This discussion will outline existing one-time funds, document how the City has prepared for future fiscal challenges, and provide examples of how those funds could be utilized. For the past seven years, the City Council has supported a transparent, policy driven dialogue that reflects the City Council’s continued commitment to thoughtful decision making and its ongoing work alongside staff to strengthen Glendora's financial foundation, address decades of differed maintenance, and improve the community for years to come.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
At the January 13, 2026, staff committed to returning to the City Council with a broader conversation regarding one-time uses of available resources during or after the mid-year budget update.

On February 24, 2026, the City Council received the FY 2025-2026, mid-year budget update (same meeting this this agenda item).

DISCUSSION
During the city facility and infrastructure discussion on January 13, 2026, staff committed to returning to the City Council with a broader conversation regarding one-time uses of available resources in concert with the mid-year budget update. This discussion will outline existing one-time funds, provide context on how the City has prepared for future fiscal challenges, and provide examples of how those funds could be utilized. These examples, will represent policy decisions/direction of the City Council.

For the better part of a decade, the City of Glendora has undertaken a deliberate and disciplined transformation of its fiscal policies, allowing the City to confront long-standing challenges, while positioning the organization for longterm stability. In fiscal years 2017-18 and 2018-19, the City projected General Fund deficits exceeding $1 million annually. As leadership transitioned and deeper analysis was conducted, it became clear that the structural imbalance was far more significant, at closer to $3–$4 million per year. Recognizing the seriousness of the situation, the City had already convened a citizen advisory committee to evaluate paths to financial sustainability, including land sales, operational efficiencies, service reductions, outsourcing and potential revenue enhancements.

The committee ultimately recommended that the City Council place a local sales tax measure on the ballot. While the typical local measure is 1.0%, Los Angeles County’s Measure H had already claimed 0.25%, limiting the City’s available rate. In 2019, the City Council placed Measure E, a 0.75% sales tax, before the voters, and the measure was approved. Concurrently, the City issued a Pension Obligation Bond (POB), generating annual savings of more than $1 million and significantly improving long-term pension cost predictability.

With the passage of Measure E and the issuance of the POB, the City Council directed staff to modernize Glendora’s fiscal framework. Updated fiscal policies were adopted that aligned with the City’s strategic plan and reflected a commitment to weathering an uncertain economic future. These changes included strengthening the General Fund Reserve, establishing a discretionary capital projects fund/reserve, shoring up internal service funds (e.g. Fleet, Technology, etc.) and intentionally setting aside resources for future pension obligations. Together, these policies represented foundational change by acknowledging both the scale of past under-investment and the need for sustained discipline in future years to address infrastructure demands, service expectations, and the uncertain fiscal landscape in California. These foundational changes would allow the City time to make significant policy decisions during recessions without immediate impacts to services, and the possibility to address certain facility needs during emergencies.

The results of this fiscal stewardship have been significant. Glendora earned an AAA bond rating for its General Fund, an achievement shared by fewer than 20 cities statewide, validating the City Council’s long-term approach to financial governance. In the years that followed, the City continued its stewardship of taxpayer money. The City made significant investments in technology and modernized its operations, eliminating duplicative functions, restructuring departments to better serve the public, and expanding strategic use of the private sector in hard to recruit service areas. At the same time, the City undertook comprehensive assessments of its infrastructure systems, including water, parks/trails, trees, streets, facilities, and technology (infrastructure studies).

Guided by the principle that “what gets funded gets done,” the City has relied on scientifically valid community surveys, foundational infrastructure studies, and City Council direction to shape multi-year strategic plans. These plans are directly integrated into the annual budget and departmental work programs, ensuring alignment between community priorities, fiscal decisions, and staff efforts. The outcomes have been measurable and, in many respects, historic. For the first time in decades, overall street conditions improved from one decade to the next, albeit minimal. Chronic vacancy challenges have been mitigated, with targeted investments in public safety, recreation and human services, public works, and water—each directly tied to community quality of life and safety concerns.

Nowhere is this philosophy more evident than in the City’s recent investments in public safety and homelessness response. Community feedback consistently identified emergency responsiveness, neighborhood safety, and visible homelessness impacts as top priorities. In response, the City Council made intentional, ongoing investments in people and systems. These investments include additional sworn police officers, added dispatch personnel to improve response times, enhanced emergency operations and preparedness capacity, and the creation and expansion of a Community Impact Team focused on proactive engagement and community problem solving.

The City has also increased funding for service providers and regional partnerships to address homelessness through outreach, case management, and supportive services, enforcement, and clean-up. Together, these investments reflect a shift from reactive responses to a more coordinated, data informed, and professional approach aligned with community expectations.

Despite this progress, significant challenges remain. The impacts of homelessness, increasing state mandates, loss of local control, insurance, and the absence of a permanent funding source for capital improvements continue to place pressure on City finances. While Glendora has made generational investments in infrastructure over the past five to seven years, decades of under-investment cannot be reversed overnight. These efforts have been strengthened by the successful pursuit of tens of millions of dollars in grants and state and federal appropriations, supporting projects ranging from parks and first/last-mile improvements to school site traffic safety and signalized intersections.

Recognizing the importance of keeping local dollars local, the City Council placed Measure Z on the November 2024 ballot, a 0.25% sales tax measure designed to preserve local revenue capacity and offset prior countywide tax measures. Glendorans understood and supported this need, with affirmative election results materially above those of Measure E. Measure Z reflects the City Council’s continued commitment to fiscal sustainability and local control, by keeping funds local and ensuring that Glendora remains positioned to fund essential services and community priorities in an increasingly constrained fiscal environment.

That same forward looking mindset is reflected in the City’s current Strategic Plan, adopted in early 2025. The plan continues to direct staff to actively pursue additional and diversified revenue opportunities, including potential development in the South Hills area, strategic economic development investments, and redevelopment opportunities at underutilized sites owned by other governmental agencies and the City itself. Many of these actions were originally recommended to the City Council during the citizen committee meetings in 2018 and 2019.

These efforts underscore the ongoing work of the City Council and staff to responsibly grow the City’s revenue base while remaining consistent with the City Council's other long-term planning goals.

Due to the City's fiscal reforms, the City has some capacity to consider one-time investments; resources that would not exist without the foundational changes made years earlier. However, these same resources are needed to address competing priorities, including streets, parks, city facilities and long-term financial resilience.

Discretionary One-Time Funding Breakdown
The General Fund, Pension Stabilization Fund, Measures E/Z Fund, GUSD JUA Fund, and Capital Projects Fund are discretionary funding sources for the City. Staff evaluated each fund, taking note of:

Fund balance/ reserve levels;
Ability of re-prioritization of capital projects;
One-time funding from property sales;
Future development opportunities of other local agencies; and Options for strategic use of amounts set aside for pension and other post-employment benefit costs.

Attachment A to this report provides a detailed analysis of one-time funding opportunities. The report is broken down by two-year budget cycle (FY 2025-2027, FY 2027-2029, and FY 2029-2031) and by major category (e.g. fund balance/reserves, reallocation of CIP, property development, pension/OPEB reserves, etc.).

Available Fund Balance/Use of Reserves
Currently, the City has approximately $18.3 million in the General Fund Reserve. The General Fund reserve policy requires a minimum of 30% to maximum of 45% of prior year operational expenditures; currently the City maintains a 40% reserve level. The reserve policy range represents the ability to fund approximately 3 to 6 months of General Fund operations in the absence of any other revenue received. The amount of General Fund reserve in excess of the minimum (30%) is approximately $4.58 million. In addition to the General Fund, the City's has an estimated $2.28 million in fund balance in the Measures E/Z fund that can be used for discretionary purposes.

During the FY 2027-2029 and FY 2029-2031 two year budget cycles, staff anticipates additional Measures E/Z fund balance of $569,000 and $260,000 respectively.

The use of General Fund reserves and Measures E/Z fund balance can impact the City's bond rating and operational flexibility during an economic downturn. Without reserves at certain levels, future borrowing costs may be higher and the City may have to look at more immediate/significant service cuts to the community in lieu of targeted use of reserves during major emergencies or economic downturns. Ample reserves allows the City Council time to make targeted, policy oriented service reductions when needed.

Reallocation of CIP
Staff has identified an opportunity for the City Council to reallocate approximately $1.9 million of existing projects to other priorities, if needed. Currently, the City's discretionary capital projects fund has approximately $1 million in projects aimed at the civic center (e.g. Council chamber remodel/expansion, civic center roofing, etc.).

The City and Glendora Unified School District (GUSD) have a long history of partnering on community assets (e.g. middle school parks, high school pool, etc.). GUSD has a current pool renovation project, in which the City has contributed $600,000 to the $4 million dollar project. Additionally, the City Council approved an additional contribution of up to $900,000 that is dependent on the City's financial performance through June 30, 2027.

As the City's civic center project is not underway and the GUSD pool project came in under budget ($5.8 million down to $4 million), funding may be reallocated. The City Council may also want to explore the use of the $900,000 pool project funding, to leverage the recent $1.2 million federal appropriate the City helped GUSD secure for the Sandburg Middle School track and lighting project. The future project area at Sandburg Middle School operates as a City park after 4pm.

Disposition/Sale of City Owned Properties
The sale of the San Jose site provided the City with $3.99 million. The City Council previously allocated $1 million of these proceeds to achieve initiatives in the City's strategic and economic development action plans (8/27/2024), leaving $2.99 million for future use. Additionally, staff anticipates an estimated $2.1 million to be received by June 30, 2027 for the sale of the Dale site. This funding will be dependent upon approval of a development in accordance with the City's standards and actions by the Planning Commission and City Council.

With the sale of San Jose and Dale project sites, staff anticipates a total of approximately $5.1 million available within the next 16 months, with approximately $3 million available now.

Pension/OPEB Reserves
Through the direction and approval of the City Council, staff have set up Section 115 Trusts and Reserves for future pension liabilities, including CalPERS unfunded accrued liability (UAL), future pension obligation bond (POB) payments, and
Below is a summary of the totals included on Attachment A and described above.

One-Time
Discretionary Funding
By Two-Year Budget Cycle
Totals
FY 2025-27 FY 2027-29 FY 2029-31
Available Fund
Balance/Reserves
$ 6,860,000 $ 569,000 $ 260,000
Reallocation of CIP $ 1,900,000 $ - $ -
Property Sales $ 5,120,000 $ 4,000,000 $ 4,000,000
Pension Set Aside $ 13,820,000 $ 240,000 $ 180,000
OPEB Set Aside $ 4,080,000 $ 80,000 $ 60,000
Grand Totals $ 31,780,000 $ 4,889,000 $ 4,500,000
Future Policy Considerations
Due to the City's fiscal reforms, over the past seven years the City has created capacity to consider one-time investments; resources that would not exist without the foundational changes made years earlier. However, these same resources are needed to address competing priorities, including streets, parks, city facilities and long-term financial resilience. The City's current strategic plan includes action items to quantify facility needs and identify funding opportunities for streets and city facilities. Below are examples of policy areas the City Council may need to take into consideration when discussing one-time use of discretionary funds:

Strategic use of one-time funds for street improvements to bridge existing gap of $3-3.5 million to raise PCI from a 63 to a 70 over the next seven years.

Possible targeted use of one-time funds now, back-filled with future funding opportunities (e.g. sale of property, development of local agency owned property). This policy direction could be used for either streets or city facilities.

Pay-down of future POB obligations in 2029 to free up $1.5 million in cash flow savings that could be used for another priority (e.g. streets).

Prioritization of city facility needs (e.g. public works yard, library, roofing needs, etc.).

Impacts on operational flexibility and services to the community during economic downturns, without ability to use general fund or pension reserves.

Impacts on future liabilities with more or less funding for street/sidewalk projects.

Impacts of bond ratings and future borrowing costs with the use of reserves.

The City Council is well versed in the need to utilize one-time funding in the most efficient manner possible. For example, in May 2023, the City Council received a report estimating approximately $8 million in needs, subject to further study (e.g. waterproofing, footings, etc.), for moderate repairs to the Library, including plumbing, electrical, mechanical, and structural upgrades. When a potential grant opportunity requiring a significant City match of up to $4 million was ultimately unavailable, the City Council and Library Board unanimously concluded that committing $8–$10+ million for a repair project with no guarantee of resolving underlying facility issues was not the most prudent course at that time. This decision was not a reflection of the Library’s importance, but rather an example of the careful fiscal policy trade-offs required when limited resources must address multiple critical needs. As the City reviews the opportunities and costs for a significant civic center renovation aimed to address decades of issues for future generations of Glendorans, the City Council has continued to evaluate the needs of many infrastructure challenges, including streets, the Library and the City's public works yard - the use of one-time funding will assist with that analysis.

Other Financial Information
This report focuses on the use of one-time discretionary funding sources. In full acknowledgment that governmental or "fund" accounting can be difficult to understand, staff developed two additional attachments to this report. Attachment C covers the City's investment portfolio and Attachment D addresses how the various city funding sources must be used. As always, the goal is to provide information to those who would like to educate themselves on City finances in the most transparent and easy to understand method possible.

FISCAL IMPACT
There is no fiscal impact associated with the recommendations in this report. As City Council direction on the use of one-time funds is provided, staff will evaluate the fiscal impact of each policy decision on the City. Generally, impacts from the use of one-time funding are:

Limited operational flexibility during future economic downturns (impacts on service delivery); Diminished ability to address one-time infrastructure issues; Downgrade of bond rating (increased borrowing costs);

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

Prepared By: Kyle Johnson, Finance Director/City Treasurer Concurs With: Not Applicable
Reviewed By: Marie Ricci, Deputy City Manager
Certified to Availability of Funds: Kyle Johnson, Finance Director/City Treasurer Approved By: Adam Raymond, City Manager
Legal Review: Danny Aleshire, City Attorney
CEQA Review: Not Applicable
Attachments
A_Discretionary_One-time_Funding_FINAL.pdf
B. Presentation.pdf
C_Cash_and_Investment_Pool_Explained_FINAL.pdf
D_Budget_Explained_FINAL.pdf
Anticiapted One-Time Discretionary Funding Opportunities Attachment A FY 2025-27 FY 2027-29 FY 2029-31 FY 2025-27 FY 2027-29 FY 2029-31 FY 2025-27 FY 2027-29 FY 2029-31 FY 2025-27 FY 2027-29 FY 2029-31 FY 2025-27 FY 2027-29 FY 2029-31 FY 2025-27 FY 2027-29 FY 2029-31 Available Fund
Balance/Reserve $ 6,860,000 $ 569,000 $ 260,000
In Excess of Policy 1
$ 2,280,000 $ 569,000 $ 260,000
45%
30% $ 4,580,000
Reallocation of CIP $ 1,900,000 $ - $ -
Reprioritization of Projects $ 1,000,000
GUSD Pool 2
$ 900,000
Property Sales $ 5,120,000 $ 4,000,000 $ 4,000,000
San Jose 3
$ 2,990,000
Dale 4
$ 2,130,000
Other Local Agency
Development 5
$ 4,000,000 $ 4,000,000
Pension Set Aside $ 13,820,000 $ 240,000 $ 180,000
Section 115 Trust 6
$ 6,090,000
Reserve 7
$ 7,730,000 $ 240,000 $ 180,000
OPEB Set Aside $ 4,080,000 $ 80,000 $ 60,000
Section 115 Trust 6
$ 2,060,000
Reserve 7
$ 2,020,000 $ 80,000 $ 60,000
Grand Totals $ 13,780,000 $ 4,080,000 $ 4,060,000 $ 13,820,000 $ 240,000 $ 180,000 $ 2,280,000 $ 569,000 $ 260,000 $ 900,000 $ - $ - $ 1,000,000 $ - $ - $ 31,780,000 $ 4,889,000 $ 4,500,000 1 2
3 4
5 6
7 These funds are generally restricted. Currently, these funds have been set aside for investment in the Section 115 Trusts as cash on hand/liquidity allows through the City Council Adopted General Fund Reserve Policy. The monies may be accessed immediately by the City until they are invested in the Section 115 Trusts, at which time they may only be used to offset future/current pension liabilities. See note 6 with respect to pension and OPEB liabilities outstanding.

NOTES
Category: One-Time
Discretionary Funding
Staff anticipated an estimated $2.1 million to be received by June 30, 2027 for the sale of the Dale site. This funding will be dependent upon approval of a development in accordance with the City's standards and actions by the Planning Commission and City Council.

GUSD JUA
105 301
Capital Projects Totals
101
General Fund
102
Pension
103
Measures E/Z
The General Fund reserve policy is a minimum of 30% to maximum of 45% of prior year operational expenditures. Total of $4.6 million is the amount in excess of the reserve minimum (30%). The amount in the Measure E/Z fund balance is available in it's entirety ($2.3 million). The City's Reserve Policy provides the City Council time to make decisions in economic downturns or funding loss from the State of California without significant impacts to service delivery to the community. Further this funding provides a stabilization to meet debt requirements, which partially resulted in the City's AAA bond ratings. Per the existing financial policies of the City Council, when General Fund revenues exceed expenditures it allows the City to set aside monies in reserve, future capital projects, stabilization of CalPERS pension/OPEB costs, as well as general liabilities, worker's compensation, fleet maintenance and technology costs. More specifically, when revenues exceed expenditures, the City's financial policies allocated that amount at the following percentages 50% to the Capital Projects Fund, 30% to the PERS Rate Stabilization Fund, 10% to OPEB Section 115 Trust (held in General Fund) and 10% to Internal Service Funds.

The City and Glendora Unified School District (GUSD) have a long history of partnering on community assets (e.g. middle school parks, high school pool, etc.). GUSD has a current pool renovation project, in which the CIty has contributed $600,000 to the $3.9 million dollar project. Additionally, the City Council approved an additional contribution of up to $900,000 that is dependent on the City's financial performance through June 30, 2027.

The sale of the San Jose site provided the City with $3.99 million. The City Council previously allocated $1 million of these proceeds to achieve initiatives in the City's strategic and economic development action plans (8/27/2024).

These funds are generally restructured and may only be used to pay for CalPERS retirement costs (Pension) or reimburse qualifying retired employees' medical premiums (OPEB). The monies may be accessed by the City to pay for specific liabilities, requiring certification of the expense. Currently, the City's CalPERS unfunded accrued liability (UAL) is $21.7 million, which is anticipated to be reduced to $10.3 million next year with CalPERS better than anticipated asset returns. Additionally, the City has an other post employment benefits (OPEB) liability of approximately $5.6 million. Finally, the City has an outstanding pension obligation bond principal amount of approximately $51 million.

Amounts represent possible funding received through sale and development of land owned other local agencies over the next five years.

ONE-TIME FUNDING
FISCAL YEAR 2025-2026
CITY MANAGER’S OFFICE / FINANCE DEPARTMENT
CITY COUNCIL MEETING: FEBRUARY 24, 2026

KYLE JOHNSON, FINANCE DIRECTOR

ADAM RAYMOND, CITY MANAGER

EXECUTIVE SUMMARY
• Glendora has restored financial stability over the last seven years o Addressed $3–$4M structural deficit
o Voter-approved Measures E & Z
o Pension restructuring (POB)
o Significantly strengthened reserve, liability and capital funding policies o Modernized city/departmental operations
o Earned AAA bond rating

EXECUTIVE SUMMARY
• Results have been significant
o Generational investments in infrastructure
o Improved street conditions (PCI upward trend, albeit small), reversing decades of decline
o Significant investments in public safety, homelessness o Reduced chronic vacancies
o Major investments in technology
o $50+ million in grant revenues (e.g. Finkbiner stormwater, intersections, first/last mile)

LEGISLATIVE HISTORY
• January 13, 2026 – Staff committed to broader one-time funding discussion • February 24, 2026 – Mid-Year Budget Update

EXECUTIVE SUMMARY
• Glendora has restored financial stability over the last seven years o Addressed $3–$4M structural deficit
o Voter-approved Measures E & Z
o Pension restructuring (POB)
o Strengthened reserves and capital funding policies
o Earned AAA bond rating

ONE-TIME FUNDING DISCUSSION
Note Description
1 The General Fund reserve policy is a minimum of 30% to maximum of 45% of prior year operational expenditures. Total of $4.6 million is the amount in excess of the reserve minimum (30%). When revenues exceed expenditures, the City's financial policies allocated that amount at the following percentages 50% to the Capital Projects Fund, 30% to the PERS Rate Stabilization Fund, 10% to OPEB Section 115 Trust (held in General Fund) and 10% to Internal Service Funds.
3 The sale of the San Jose site provided the City with $3.99 million. The City Council previously allocated $1 million of these proceeds to achieve initiatives in the City's strategic and economic development action plans (8/27/2024).
4 Staff anticipated an estimated $2.1 million to be received by June 30, 2027 for the sale of the Dale site. This funding will be dependent upon approval of a development in accordance with the City's standards and actions by the Planning Commission and City Council. 5 Amounts represent possible funding received through sale and development of land owned other local agencies over the next five years.
6 These funds are generally restructured and may only be used to pay for CalPERS retirement costs (Pension) or reimburse qualifying retired employees' medical premiums (OPEB). The monies may be accessed by the City to pay for specific liabilities, requiring certification of the expense. Currently, the City's CalPERS unfunded accrued liability (UAL) is $21.7 million, which is anticipated to be reduced to $10.3 million next year with CalPERS better than anticipated asset returns. Additionally, the City has an other post employment benefits (OPEB) liability of approximately $5.6 million. Finally, the City has an outstanding pension obligation bond principal amount of approximately $51 million. 7 These funds are generally restricted. Currently, these funds have been set aside for investment in the Section 115 Trusts as cash on hand/liquidity allows through the City Council Adopted General Fund Reserve Policy. The monies may be accessed immediately by the City until they are invested in the Section 115 Trusts, at which time they may only be used to offset future/current pension liabilities. See note 6 with respect to pension and OPEB liabilities outstanding.

ONE-TIME FUNDING DISCUSSION
Note Description
6 These funds are generally restructured and may only be used to pay for CalPERS retirement costs (Pension) or reimburse qualifying retired employees' medical premiums (OPEB). The monies may be accessed by the City to pay for specific liabilities, requiring certification of the expense. Currently, the City's CalPERS unfunded accrued liability (UAL) is $21.7 million, which is anticipated to be reduced to $10.3 million next year with CalPERS better than anticipated asset returns. Additionally, the City has an other post employment benefits (OPEB) liability of approximately $5.6 million. Finally, the City has an outstanding pension obligation bond principal amount of approximately $51 million. 7 These funds are generally restricted. Currently, these funds have been set aside for investment in the Section 115 Trusts as cash on hand/liquidity allows through the City Council Adopted General Fund Reserve Policy. The monies may be accessed immediately by the City until they are invested in the Section 115 Trusts, at which time they may only be used to offset future/current pension liabilities. See note 6 with respect to pension and OPEB liabilities outstanding.

One-Time
Discretionary Funding
By Two-Year Budget Cycle FY 2025-27 FY 2027-29 FY 2029-31 Available Fund Balance
In Excess of Policy 1
45%
30%
Reallocation of CIP
Reprioritization of Projects
GUSD Pool 2
Property Sales
San Jose3
Dale4
School Site Development 5
Pension Set Aside
Section 115 Trust 6 $ 6,090,000
Reserve7 $ 7,730,000 $ 240,000 $ 180,000
OPEB Set Aside
Section 115 Trust 6
Reserve7
Grand Totals $ 13,820,000 $ 240,000 $ 180,000
102
Pension

ONE-TIME FUNDING DISCUSSION
One-Time
Discretionary Funding
By Two-Year Budget Cycle FY 2025-27 FY 2027-29 FY 2029-31 Available Fund Balance
In Excess of Policy 1 $ 2,280,000 $ 569,000 $ 260,000
45%
30%
Reallocation of CIP
Reprioritization of Projects
GUSD Pool 2
Property Sales
San Jose3
Dale4
School Site Development 5
Pension Set Aside
Section 115 Trust 6
Reserve7
OPEB Set Aside
Section 115 Trust 6
Reserve7
Grand Totals $ 2,280,000 $ 569,000 $ 260,000
103
Measures E/Z
Note Description
1 The amount in the Measure E/Z fund balance is available in it's entirety ($2.3 million).

ONE-TIME FUNDING DISCUSSION
Note Description
2 The City and Glendora Unified School District (GUSD) have a long history of partnering on community assets (e.g. middle school parks, high school pool, etc.). GUSD has a current pool renovation project, in which the CIty has contributed $600,000 to the $3.9 million dollar project.

Additionally, the City Council approved an additional contribution of up to $900,000 that is dependent on the City's financial performance through June 30, 2027.

One-Time
Discretionary Funding
By Two-Year Budget Cycle FY 2025-27 FY 2027-29 FY 2029-31 Available Fund Balance
In Excess of Policy 1
45%
30%
Reallocation of CIP
Reprioritization of Projects
GUSD Pool 2 $ 900,000
Property Sales
San Jose3
Dale4
School Site Development 5
Pension Set Aside
Section 115 Trust 6
Reserve7
OPEB Set Aside
Section 115 Trust 6
Reserve7
Grand Totals $ 900,000 $ - $ -

GUSD JUA
105

ONE-TIME FUNDING DISCUSSION
Notes
Reprioritization of discretionary capital project funding, largely consisting of future civic center projects (e.g. roof replacement, council chamber expansion, etc.).

One-Time
Discretionary Funding
By Two-Year Budget Cycle FY 2025-27 FY 2027-29 FY 2029-31 Available Fund Balance
In Excess of Policy 1
45%
30%
Reallocation of CIP
Reprioritization of Projects $ 1,000,000
GUSD Pool 2
Property Sales
San Jose3
Dale4
School Site Development 5
Pension Set Aside
Section 115 Trust 6
Reserve7
OPEB Set Aside
Section 115 Trust 6
Reserve7
Grand Totals $ 1,000,000 $ - $ -
301
Capital Projects

ONE-TIME FUNDING DISCUSSION
One-Time
Discretionary Funding
By Two-Year Budget Cycle FY 2025-27 FY 2027-29 FY 2029-31 Available Fund Balance $ 6,860,000 $ 569,000 $ 260,000
In Excess of Policy 1
45%
30%
Reallocation of CIP $ 1,900,000 $ - $ -
Reprioritization of Projects
GUSD Pool 2
Property Sales $ 5,120,000 $ 4,000,000 $ 4,000,000
San Jose3
Dale4
School Site Development 5
Pension Set Aside $ 13,820,000 $ 240,000 $ 180,000
Section 115 Trust 6
Reserve7
OPEB Set Aside $ 4,080,000 $ 80,000 $ 60,000
Section 115 Trust 6
Reserve7
Grand Totals $ 31,780,000 $ 4,889,000 $ 4,500,000
Totals

FUTURE POLICY CONSIDERATIONS
• Examples of policy areas the City Council may need to take into consideration when discussing one-time use of discretionary funds:
o Strategic use of one-time funds for street improvements to bridge existing gap of $3- 3.5 million to raise PCI from a 63 to a 70 over the next seven years. o Possible targeted use of one-time funds now, backfilled with future funding opportunities (e.g. Sale of property, development of local agency owned property). This policy direction could be used for either streets or city facilities. o Pay-down of future POB obligations in 2029 to free up $1.5 million in cash flow savings that could be used for another priority (e.g. Streets).

FUTURE POLICY CONSIDERATIONS
• Examples of policy areas the City Council may need to take into consideration when discussing one-time use of discretionary funds:
o Prioritization of city facility needs (e.g. public works yard, library, roofing needs, etc.). o Impacts on operational flexibility and services to the community during economic downturns, without ability to use general fund or pension reserves. o Impacts on future liabilities with more or less funding for street/sidewalk projects. o Impacts of bond ratings and future borrowing costs with the use of reserves.

OTHER FINANCIAL INFORMATION
• Government “fund” accounting is difficult to understand o Attachment C – Overview of City’s investment portfolio and what funding is for o Attachment D – Overview of the various funding sources and what is discretionary and what is not

RECOMMENDATIONS
THAT THE CITY COUNCIL:

1. RECEIVE AN OVERVIEW ON ONE-TIME FUNDING OPPORTUNITIES; AND

2. PROVIDE DIRECTION, AS NEEDED.

Attachment C (Cash and Investment Pool Explained)
Why the City’s $125 Million Cash and Investment Balance Isn’t a Giant Piggy Bank Executive Summary
The City of Glendora maintains approximately $125 million in pooled cash and investments.

While that number may sound like unrestricted money available for any purpose, the vast majority of those funds are legally restricted, contractually committed, or reserved for specific uses.

Government fund accounting requires that dollars collected for one purpose (such as water, gas tax, grants, or development fees) may only be used for that specific purpose.

In practical terms, the City’s cash pool operates like a collection of labeled envelopes rather than a single checking account.
• Most funds already have assigned jobs (infrastructure projects, utility operations, debt payments, grants, and emergency reserves).
• Only a portion of the total represents flexible General Fund resources used for core services like police, public works, development, parks, and libraries. • Fund accounting can feel unusual and overly complex, but it exists to ensure transparency, legal compliance, fiscal stability, and protection of taxpayer dollars.

It’s One Vault, But Many ‘Envelopes’
The $125 million is pooled together for investment purposes (to maximize interest earnings).

Internally, it is divided into separate funds, each with its own legal purpose.

Think of it like having a mortgage account, a college fund, a car repair fund, and a ‘don’t touch or the auditors (IRS in personal/business world) will appear’ fund — all at the same bank. Many dollars are legally restricted:
• Gas tax revenue – Must be used for streets and transportation. • Water fees – Must be used for water systems.
• Risk management funds – Must be used for future liabilities. • Grant funds – Must be used exactly as specified by the grant. • Debt proceeds – Must be used for legally approved projects.

Using these funds for anything else is not just discouraged — it is illegal.

Some Money Is Already Spoken For
• Funds may already be committed to contracts approved by the City Council. • Capital projects underway have funding set aside.
• Required reserves must be maintained for financial stability. • Some balances represent liabilities already owed (pensions, invoices, deposits).

Cities Must Maintain Reserves
• Emergencies, natural disasters, and economic downturns happen. • Maintaining reserves protects the City’s credit rating. • Strong reserves help avoid sudden service cuts or tax increases.

Attachment C (Cash and Investment Pool Explained)
Spending reserves simply because cash exists would be like spending your emergency savings because your checking account looks full. Likewise, a full checkbook does not indicate cash/savings exists or are available to be spent.

Why Fund Accounting Feels So Confusing
• Businesses focus on profit.
• Families can focus on cash flow and savings.
• Governments focus on legal purpose and public accountability.

Instead of one checking account, cities manage dozens of funds that must balance independently. It may feel rigid, but this structure ensures transparency, accountability, and compliance with law.

What Is Actually Flexible?
Only a portion of the total cash pool represents General Fund dollars that can support core services such as:
• Police
• Parks
• Library
• Development
• General City operations
Even those funds must cover ongoing operational costs, not one-time wish lists.

Timing Matters: Revenues and Expenses Don’t Arrive Together Another important piece of the puzzle is timing. The City operates year-round, but revenues do not all arrive evenly throughout the year.
• Property tax revenue is typically received in installments (primarily December and April). • Sales tax receipts are received monthly but based on prior activity. • Grant funds are often reimbursed after the City has already spent the money. • Utility revenues fluctuate based on usage and billing cycles.

This means the City must carefully manage cash flow to ensure bills, payroll, and contract payments are made on time, even when major revenues have not yet arrived.

In many cases, especially with state and federal grants, the City must front the money for a project and then submit documentation to receive reimbursement. So, while a grant may be awarded for a project, the cash almost never arrives before the expenses occur.

Due to these timing differences, maintaining adequate cash balances is critical. The presence of cash in the investment pool does not mean the funds are surplus, it often means the City is responsibly managing timing differences between when money is received and when it must be spent.

Attachment C (Cash and Investment Pool Explained)
Bottom Line
When you hear that the City has $125 million in the bank, it does not mean the City has $125 million available for discretionary spending.

It means the City responsibly manages multiple legally restricted and purpose-driven funds, which have timing challenges with revenues and expenses, in an organized, accountable, and carefully monitored way to protect the community’s financial stability.

Attachment D (Budget Explained)
City of Glendora
Where Does the $125 Million Go?
(And Why We Can’t Just Spend It on Whatever We Want)
How Glendora Actually Builds a Budget (Hint: It’s Not Guesswork) Before we talk about funding sources, restrictions, and why we can’t repave every street tomorrow, it’s important to understand Glendora does not budget one year at a time and hope for the best. Sound financial management requires:
• Multi-year financial planning
• Ongoing financial monitoring
• Frequent financial reporting
• Prompt corrective action when necessary
• Long-term financial health strategies
In other words, we do not steer the City by looking only through the rearview mirror.

Glendora adopts a two-year budget to provide greater certainty for the City Council, departments, employees, and the public regarding ongoing funding and staffing for programs and services.

Even more importantly, we include a Five-Year Financial Projection for:
• The General Fund
• Measures E/Z
• The Water Fund(s)
This allows the City to evaluate the long-term impact of policy decisions during the budget process. If a decision creates structural imbalance three years from now, we see it coming. And ideally, we fix it before it becomes tomorrow’s headline.

Layered on top of that are our guiding documents, which include but are not limited to:
• Community Surveys
• City Council Strategic Plans
• Pavement Condition Index (PCI)
• Parks Master Plan
• Water Master Plan
Policy sets direction. Data sets priorities. The budget follows both.

The approximately $125 million annual budget is not a wish list. It is a structured financial response to adopted goals, infrastructure needs, and legal requirements. What gets funded, gets done.

Attachment D (Budget Explained)
Why We Can’t Just Spend $125 Million on Anything We Want When people hear '$125 million budget,' it can sound like a very large, very flexible piggy bank.

It is not.

The City operates roughly 60 separate funds divided into six major fund types.

Think of the budget as one vault filled with dozens of labeled envelopes. Each envelope has a name, a job, and in many cases, a very strict set of rules.

Gas tax must be used for streets. Water fees must stay in water. Grant funds must follow grant rules. Debt must be paid on schedule.

Using restricted funds for unrelated purposes is not creative budgeting, it is illegal. And auditors do not accept 'but it seemed like a good idea at the time.' The City would know, we get audited by 10+ agencies on an annual basis.

The Six Fund Types (Also Known as The Envelopes)

1. General Fund, Measures E/Z and GUSD JUA – The Flexible Ones (Sort Of) The General Fund supports police, parks, the library, public works operations, administration, and community development.

It represents approximately 45% of the City’s total annual budget, or roughly $56.5 million of the $125 million total.

It is the most flexible fund — but even it is largely committed to ongoing expenses such as employees, contracts, and services to the community. The Police Department, Public Works Department and Community and Economic Development comprise approximately65% of the General Fund.

So yes, it is flexible. But it is also very, very busy.

2. Special Revenue Funds – The Rule Followers
Restricted by State law, Federal law, local ordinance, or voter approval, these funds must be used only for specific purposes such as transportation, grants, or development-related infrastructure.

They represent approximately $15.9 million, or 13% of the total budget.

They are not available for general operations — no matter how compelling the proposal.

3. Capital Project Funds – The Builders
Attachment D (Budget Explained)
Dedicated to long-term infrastructure improvements and major projects.

These funds help ensure we invest today without undermining tomorrow’s operating stability.

4. Debt Service Funds – The Bill Payers
Used exclusively to repay bond obligations and capital lease agreements.

Debt payments are contractual commitments. They are not optional. They are not flexible. They are simply due.

5. Enterprise Fund (Water) – The Utility Business
Funded by water rates and legally restricted to water operations and infrastructure.

The Water Fund represents approximately $31.4 million, or 25% of the total annual budget.

Water customers pay for water, not for everything else.

6. Internal Service Funds – The Behind-the-Scenes Team
Support internal operations such as insurance, technology, and fleet management.

They may not get headlines, but without them, things break — both literally and financially.

Bottom Line
The City does not have $125 million available for discretionary spending.

It manages a system of legally restricted, contractually obligated, purpose-driven funds. We are guided by multi-year planning, ongoing monitoring, and long-term financial strategies.

Fund accounting may feel rigid. That is intentional.

It protects taxpayers, preserves infrastructure, supports responsible planning, and ensures today’s decisions do not become tomorrow’s financial problem.