Hanford City Council
November 19, 2024

474849505152535455565759606162636465666768
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BILLINGSLEY STREETELAINE LANE

SAMUEL STREET

AQUIFIER DRIVE
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PAK SOKHEMARAREVOCABLE LIVING TRUSTD.N. 2020-010366 O.R.K.C.LORETTA BILLINGSLEYD.N. 2202446 O.R.K.C. 6946
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21 31

HOOD AVENUE

ANNIE STREET
MIDDLEFIELD MANOR LLCD.N. 1805681 O.R.K.C.58
(1106)(1114)(1122)(1130)(1138)(1146)
(1103)(1111)(1119)(1127)(1135)(1151)(1159)(1167)(2268)(2260)(2252)(2244)(1172)(1164)(1156)(1148)(1140)(1132)(1124)(1116)(1108) (1179)(1171)(1163)(1155)(1147)(1139)(1131)(1123)(1115)(1107) (1187)(1162)(1170)(1178)(1195)(1186)
(1098)(1195)(1100)
(1143)
SHEET 4 OF 5SEE SHEET 2 FOR BASIS OF BEARINGS, OVERALL BOUNDARY, AND SHEET INDEXN CITY OF HANFORD, COUNTY OF KINGSSTATE OF CALIFORNIACOUNTY TRACT No. 937billingsley ranch

747576777879808182
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ΔΔ ΔΔΔΔBILLINGSLEY STREETSAMUEL STREET
WEST SPRING CREST DRIVEAQUIFIER DRIVELORETTA BILLINGSLEYD.N. 2202446 O.R.K.C.34353637 313233 8384305657585985
PARCEL2PM05-72PARCEL 1PM05-72

ELAINE LANE
GRISWOLD EDWARDD.N. 1408730 O.R.K.C.OUTLOT A
(1178)(1186)(1194)(1202)(1210)(1218)(1226)(1234)(1239)(1231)(1223)(1215)(2265)(2257)(2249)(2241)(2233)(2225)(1195)(1187)(2244)(2252)(2260)(2268) SHEET 5 OF 5SEE SHEET 2 FOR BASIS OF BEARINGS, OVERALL BOUNDARY, AND SHEET INDEXN CITY OF HANFORD, COUNTY OF KINGSSTATE OF CALIFORNIACOUNTY TRACT No. 937billingsley ranch

13.C.

AGENDA

STAFF REPORT

MEETING DATE: 11/19/2024 AGENDA SECTION: CONSENT CALENDAR

SUBJECT:

Approval of Final Parcel Map, Subdivision Agreement and acceptance of Easements and dedications offered for public use of Apple Circle near the Southwest corner of Woodland Drive and Parkside Drive and Authorization for the City Manager to execute and the City Clerk to record said documents with the Kings County Recorder’s Office for the purpose of accepting the easements.

RECOMMENDATION:

That the City Council, by motion, approve the Final Parcel Map and Subdivision Agreement for Self- Help Enterprises, Apple Circle Development, and accept all easements and dedications offered for public use and Authorize the City Manager to execute and the City Clerk to record said documents with the Kings County Recorder’s Office for the purpose of accepting the easements.

BACKGROUND:

The final parcel map for the, Apple Circle Development, a 3-lot development located as shown on the attached map, has been checked and approved by staff. The developer of the Apple Circle development is Self-Help Enterprises. All required fees have been paid, and proper improvement security for all required subdivision improvements has been posted in accordance with the attached Subdivision Agreement, which has been reviewed and approved by the Public Works Engineering Department and signed by the developer.

FISCAL IMPACT:

The right of way dedications and easements are offered at no cost to the city, and all subdivision improvements will be constructed at the developer’s expense.

ATTACHMENTS:

1. Apple Circle-Self Help Subdivision Agreement

2. Apple Circle-Self Help Maintenance Bond

3. Parcel Map-ALL SHEETS

PREPARED BY:324 S. SANTA FE, STE. AVISALIA, CA 93292TEL: 559.802.3052FAX: 559.802.3215www.4-creeks.com PREPARED BY:324 S. SANTA FE, STE. AVISALIA, CA 93292TEL: 559.802.3052FAX: 559.802.3215www.4-creeks.com

NORTHVICINITY MAPNO SCALE
PORTION OF THE LAND REFERRED TO IS SITUATED IN THE NORTHEAST QUARTER OF SECTION 3, TOWNSHIP 19SOUTH, RANGE 21 SOUTH, MOUNT DIABLO BASE AND MERIDIAN, SITUATED IN THE COUNTY OF KINGS, CITY OFHANFORD, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:PORTION OF PARCEL A AND LOT 36 OF PARKSIDE ESTATES NO. 2 COUNTY TRACT NO. 185-2, IN THE COUNTY OFKINDS, STATE OF CALIFORNIA, ACCORDING TO THE MAP THEREOF RECORDED IN VOLUME 6 AT PAGE 39 OFLICENSED SURVEYOR PLATS, SUBJECT TO MINERAL RESERVATIONS OF RECORD PARCEL MAP NO.

RECORDER'S STATEMENT

SURVEYOR'S STATEMENT

CITY ENGINEER'S STATEMENT

ACTING CITY SURVEYOR'S STATEMENT

OWNER'S STATEMENT

STATE OF CALIFORNIA/COUNTY OF TULARE
SIGNATUREMY COMMISSION EXPIRES:PRINCIPAL PLACE OF BUSINESS: COUNTY ON _______________, BEFORE ME, ____________________________, A NOTARY PUBLIC PRINT NAMECOMMISSION NO.

A NOTARY PUBLIC OR OTHER OFFICER COMPLETING THIS CERTIFICATE VERIFIES ONLY THEIDENTITY OF THE INDIVIDUAL WHO SIGNED THE DOCUMENT TO WHICH THIS CERTIFICATE ISATTACHED, AND NOT THE TRUTHFULNESS, ACCURACY, OR VALIDITY OF THAT DOCUMENT.

PERSONALLY APPEARED, _______________________________________ WHO PROVED TO MEON THE BASIS OF SATISFACTORY EVIDENCE TO BE THE PERSON(S) WHOSE NAME(S)IS/ARE SUBSCRIBED TO THE WITHIN INSTRUMENT AND ACKNOWLEDGED TO ME THATHE/SHE/THEY EXECUTED THE SAME IN HIS/HER/THEIR AUTHORIZED CAPACITY(IES), ANDTHAT BY HIS/HER/THEIR SIGNATURE(S) ON THE INSTRUMENT THE PERSON(S), OR THEENTITY UPON BEHALF OF WHICH THE PERSON(S) ACTED, EXECUTED THE INSTRUMENT.I CERTIFY UNDER PENALTY OF PERJURY UNDER THE LAWS OF THE STATE OFCALIFORNIA THAT THE FOREGOING PARAGRAPH IS TRUE AND CORRECT. WITNESS MYHAND.

THIS MAP WAS PREPARED BY ME OR UNDER MY DIRECTION AND IS BASED UPON A FIELD SURVEYAND RECORD DATA IN CONFORMANCE WITH THE REQUIREMENTS OF THE SUBDIVISION MAP ACTAND LOCAL ORDINANCE AT THE REQUEST OF SELF-HELP ENTERPRISES IN 07/10/2024 I HEREBYSTATE THAT THIS PARCEL MAP SUBSTANTIALLY CONFORMS TO THE APPROVED OR CONDITIONALLYAPPROVED TENTATIVE MAP, IF ANY, THE SURVEY IS TRUE AND COMPLETE AS SHOWN AND ALLMONUMENTS ARE OF THE CHARACTER AND IN THE LOCATION SHOWN HEREON OR WILL BE SET INTHE LOCATIONS SHOWN HEREON PRIOR TO THE EXPIRATION OF ONE YEAR FROM THE DATE OFAPPROVAL OF THIS FINAL MAP AND THAT SAID MONUMENTS ARE SUFFICIENT TO ENABLE THESURVEY TO BE RETRACED.DATED THIS ______________________ DAY OF _________________________, 20________RANDY D. WASNICK P.L.S. 8163 I, LISA A. DOCK, HEREBY STATE THAT I HAVE EXAMINED THE ANNEXED MAP, THAT THE SUBDIVISION ASSHOWN IS SUBSTANTIALLY THE SAME AS IT APPEARED ON THE TENTATIVE MAP AND ANY APPROVEDALTERATIONS THEREOF AND THAT ALL PROVISIONS OF SECTION 66425 THROUGH 66450, INCLUSIVE, OF THEGOVERNMENT CODE AND ANY LOCAL ORDINANCES APPLICABLE AT THE TIME OF APPROVAL OF THETENTATIVE MAP HAVE BEEN COMPLIEDDATED THIS ______________________ DAY OF _________________________, 20________CITY ENGINEER, LISA A. DOCK, RCE 68225 I, MICHAEL RAY SUTHERLAND, HEREBY STATE THAT I HAVE CAREFULLY EXAMINED THE ANNEXED MAPTHAT I AM SATISFIED THAT SAID MAP IS TECHNICALLY CORRECT AND IN ACCORDANCE WITH SECTIONS66425 THROUGH 6450, INCLUSIVE, OF THE GOVERNMENT CODE.DATED THIS ______________________ DAY OF _________________________, 20________MICHAEL RAY SUTHERLAND P.L.S. 5815ACTING FOR THE CITY OF HANFORD DOCUMENT NO. FEE PAID FILED THIS DAY OF , 20 , AT M.,IN BOOK OF PARCEL MAPS, AT PAGE KINGS COUNTY RECORDS, AT THE REQUEST OF 4CREEKS, INC.KRISTINE LEE, KINGS COUNTY RECORDERBY: DEPUTY

NOTARY ACKNOWLEDGEMENT
WE HEREBY STATE THAT WE ARE THE LEGAL OWNERS OF, OR HAVE SOME RIGHT, TITLE, OR INTEREST'IN AND TO THE REAL PROPERTY INCLUDED WITHIN THE BOUNDARIES OF THE SUBDIVISION SHOWNUPON THIS PARCEL MAP, AND THAT WE ARE THE ONLY PERSON'S WHOSE CONSENT IS NECESSARY TOPASS A CLEAR TITLE TO SAID PROPERTY AND THAT WE CONSENT TO THE MAKING, AND FILING OFSAID PARCEL MAP AS SHOWN WITHIN THE BOLD BORDER LINES'S HEREON.WE HEREBY OFFER FOR DEDICATION AND DO HEREBY DEDICATE THE FOLLOWING, AS SHOWN WITHINTHE BOUNDARIES OF THE MAP HEREON, FOR THE SPECIFIED PURPOSES:THE REAL PROPERTY DESCRIBED BELOW ARE DEDICATED IN FEE FOR PUBLIC PURPOSES:1.THOSE PORTIONS OF APPLE CIRCLE WITHIN THE BOUNDARIES OF THIS SUBDIVISION2.LOT D FOR PUBLIC USETHE REAL PROPERTY DESCRIBED BELOW IS DEDICATED AS AN EASEMENT FOR PUBLIC PURPOSES:1.PUBLIC UTILITY EASEMENT (PUE) AS SHOWN ON THIS MAP STATE OF CALIFORNIAPROFESSIONAL LAND SURVEYORRANDY D. WASNICKEXP: 12/31/___PLS 8163 FOR: SELF-HELP ENTERPRISES, A CALIFORNIA NON-PROFIT CORPORATON THOMAS J. COLLISHAW, PRESIDENT/CEO DATE

ELIZABETH MCGOVERN GARCIA, ASSISTANT SECRETARYDATE
CITY CLERK'S STATEMENTTHIS IS TO CERTIFY THAT AT A REGULAR MEETING OF THE HANFORD CITY COUNCIL HELD ON THE DAY , 20 , AN ORDER WAS DULY AND REGULARLYMADE AND ENTERED APPROVING THIS PARCEL MAP AND ACCEPTING ON BEHALF OF HE PUBLIC, APPLECIRCLE, LOT D AND EASEMENTS INCLUDED WITHIN THE BOUNDARIES AS SHOWN UPON THIS MAP.NATALIE CORRAL, CITY CLERK TAX COLLECTOR'S STATEMENTTHIS IS TO CERTIFY THAT THE PROVISIONS OF ARTICLE 8 OF CHAPTER 4 OF THEGOVERNMENT CODE HAVE BEEN COMPILED WITH REGARDING DEPOSITS.ERIK URENA, C.P.A, DIRECTOR OF FINANCEBY: DATE

SUBJECTSPROPERTY

HANFORD ARMONA ROAD
HWY 198
12TH AVENUE

CENTENNIALPARK
HWY 198
12TH AVENUE

KINGS COUNTY

CITY OF HANFORD

CITY OF HANFORD

CITY LIMITSCITY LIMITS

CITY LIMITS

CITY LIMITSHUME AVENUE
PLANNING COMMISSION STATEMENTAPPROVED BY THE CITY OF HANFORD PLANNING COMMISSION IN ACCORDANCE WITH THE REQUIREMENTSOF LAW IN DULY AUTHORIZED MEETING HELD , 20 JASON WATER, COMMUNITY DEVELOPMENT DIRECTORSTATE OF CALIFORNIA/COUNTY OF TULARE SIGNATUREMY COMMISSION EXPIRES:PRINCIPAL PLACE OF BUSINESS: COUNTY ON _______________, BEFORE ME, ____________________________, A NOTARY PUBLIC PRINT NAMECOMMISSION NO.

A NOTARY PUBLIC OR OTHER OFFICER COMPLETING THIS CERTIFICATE VERIFIES ONLY THEIDENTITY OF THE INDIVIDUAL WHO SIGNED THE DOCUMENT TO WHICH THIS CERTIFICATE ISATTACHED, AND NOT THE TRUTHFULNESS, ACCURACY, OR VALIDITY OF THAT DOCUMENT.

PERSONALLY APPEARED, _______________________________________ WHO PROVED TO MEON THE BASIS OF SATISFACTORY EVIDENCE TO BE THE PERSON(S) WHOSE NAME(S)IS/ARE SUBSCRIBED TO THE WITHIN INSTRUMENT AND ACKNOWLEDGED TO ME THATHE/SHE/THEY EXECUTED THE SAME IN HIS/HER/THEIR AUTHORIZED CAPACITY(IES), ANDTHAT BY HIS/HER/THEIR SIGNATURE(S) ON THE INSTRUMENT THE PERSON(S), OR THEENTITY UPON BEHALF OF WHICH THE PERSON(S) ACTED, EXECUTED THE INSTRUMENT.I CERTIFY UNDER PENALTY OF PERJURY UNDER THE LAWS OF THE STATE OFCALIFORNIA THAT THE FOREGOING PARAGRAPH IS TRUE AND CORRECT. WITNESS MYHAND.

NOTARY ACKNOWLEDGEMENT

S0° 00' 00"E 84.50'
<SOUTH 84.49'>
Δ=17°09'45"R=165.00'L=49.42'

APPLE CIRCLE
CURVE TABLECURVE #C1C2C3C4
DELTA12°15'07"30°51'07"30°51'07"11°33'02"
LENGTH17.11'10.50'10.50'8.47'
RADIUS80.00'19.50'19.50'42.00'
LOT LINE PER (PARKSIDE ESTATES NO. 2)TO BE ABANDONED PER THIS MAP N72° 50' 15"W 96.97' <S72° 50' 15"E 96.97'>
N47° 20' 11"E 66.61' < N47° 20' 11"E 66.61'>N89° 15' 20"W 109.35' <N89° 15' 20"W 109.35'> N1° 06' 02"E 83.65'

PARKSIDE DRIVE
N90° 00' 00"E 172.00' <WEST 172.00'> (172.00')
PARCEL C12,078 sf
PARCEL B9,103 sf
PARCEL A5,866 sf
LOT D3,256 sf
30'
12' EXISTING PUE
12' EXISTING PUE
12'
12' 6' PUE
12' EXISTING P.U.E.
12' EXISTING PUE
6'6'
6' PUE 6' PUE
12' 30'6'6'
6'6'72.00'
N90° 00' 00"W 135.00'
N90° 00' 00"E 38.78'
N90° 00' 00"E 175.00'30.00' <30.00'>145.00'
S0° 00' 00"E 23.50'

21.26'

21.26'

27.94'

24.74'
N0° 00' 00"E 29.02'<SOUTH 55.65'>

17.24'

15.73'
100.00' <WEST 100.00'>
N41° 43' 37"W 43.67'N35° 56' 22"W 89.27'[S35° 25' 33"E 84.94'] (S35° 25' 33"E 84.94') N49° 41' 55"E 68.48' [S50° 12' 44"W 68.48']
N82° 43' 01"E (R) 70.85'
N40° 41' 28"W 106.54' <N40° 41' 28"W 106.54'>
N41° 43' 37"W 98.20' (S41° 12' 48"E 98.24') [S41° 12' 48"E 98.24'] ((N50° 11' 12"E 101.90'))N50° 11' 12"E 101.90' <N50° 11' 12"E 101.90'>82.25' [N50° 42' 01"E 82.24'] NORTH 26.63'
[6.02](6.02)
Δ=232°03'57"R=42.00'L=170.11'
Δ=85°43'57"R=42.00'L=62.85'
Δ=134°46'58"R=42.00'L=98.80'
C4 C3
C2
Δ=39°48'50"R=80.00'L=55.59'
C1
N1° 06' 02"E 11.65' (S1° 36' 51"W 11.63')[S1° 36' 51"W 11.63'] N35° 56' 22"W 4.35'[S35° 25' 33"E 4.34']
N49° 41' 55"E 4.34' [N50° 12' 44"W 4.33'] (N50° 12' 44"W 4.33') N88° 53' 58"W 19.85'(N88° 23' 09"W 19.84')[N88° 23' 09"W 19.84'] S52° 03' 57"E (R)
N39° 48' 50"W (R)N0° 00' 00"E (R)
N90° 00' 00"E (R)
S72° 50' 17"E (R)
S0° 00' 00"E (R)N30° 51' 07"E (R)
N0° 00' 00"W (R)N11° 33' 02"W (R)
S0° 00' 00"E (R)
S30° 51' 07"E (R)
N1° 06' 02"E 10.56'
N50° 28' 38"W 8.22'[S49° 57' 49"E 8.22']
[N40° 10' 39"W 6.14'](N40° 10' 39"W 6.14')
[S01° 36' 51"W 25.87'](S01° 36' 51"W 25.87')
[N24° 25' 00"E 4.97'](S24° 25' 00"W 4.97')
[13.82'](13.82')
12' EXISTING P.U.E.

FD. 1/2" REBAR, REPLACED WITH 3/4" IRONPIPE WITH PLASTIC CAP TAGGED "PLS 8163" N51° 13' 57"W 80.22' (N50° 43' 08"W 80.26') [N50° 43' 08"W 80.26'] N1° 06' 02"E10.56'4.34'N51° 13' 57"W80.22'N49° 41' 55"E0.66'5.00'

37.00'18.50'18.50'

19.65' ((19.65'))
(S40° 41' 28"E 100.40') [N40° 10' 39"W 100.40']
PORTION OF THE LAND REFERRED TO IS SITUATED IN THE NORTHEAST QUARTER OF SECTION 3, TOWNSHIP 19 SOUTH,RANGE 21 SOUTH, MOUNT DIABLO BASE AND MERIDIAN, SITUATED IN THE COUNTY OF KINGS, CITY OF HANFORD,STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:PORTION OF PARCEL A AND LOT 36 OF PARKSIDE ESTATES NO. 2 COUNTY TRACT NO. 185-2, IN THE COUNTY OF KINDS,STATE OF CALIFORNIA, ACCORDING TO THE MAP THEREOF RECORDED IN VOLUME 6 AT PAGE 39 OF LICENSEDSURVEYOR PLATS, SUBJECT TO MINERAL RESERVATIONS OF RECORD PARCEL MAP NO.BASIS OF BEARINGSTHE SOUTH LINE OF LOTS 34 AND 35 PER PARKSIDE ESTATES NO. 2, COUNTYTRACT NO. 185-2, RECORDED IN VOLUME 6, OF LICENSE SURVEYOR PLATS,PAGE 39, KINGS COUNTY RECORDS, TAKEN AS WEST LEGEND

KCR( )
[ ]
FOUND AND ACCEPTED MONUMENT AS DESCRIBEDSET 3/4" IRON PIPE WITH PLASTIC CAP TAGGED "PLS 8163"SET BRASS DISC FLUSH IN CONC. STAMPED "PLS 8163"SET 3/4" IRON PIPE TAGGED "PLS 8163" FOR WITNESS CORNER 5.00FEET FROM TRUE CORNER ALONG PROPERTY LINEKINGS COUNTY RECORDSRECORD DATA PER PARCEL MAP WAIVER FOR LOT LINE ADJUSTMENTNO. PMW 0009-23RECORDED APRIL 29, 2024DOCUMENT NO. 2405524 K.C.R.RECORD DATA PER PARCEL MAP WAIVER FOR LOT LINE ADJUSTMENTNO. PMW 0010-23RECORDED OCTOBER 11, 2024DOCUMENT NO. 2415128 K.C.R.RECORDED DATA PER PARKSIDE ESTATES NO. 2, TRACT NO. 185-2RECORDED IN VOLUME 6, OF LICENSED SURVEYOR PLATS, PAGE 39,KCRRECORDED DATA MAP OF COUNTY TRACT NO. 185 PER PARKSIDEESTATES, TRACT NO. 185 RECORDED IN VOLUME 6, OF LICENSEDSURVEYOR PLATS, PAGE 24, KCRRADIAL BEARINGPUBLIC UTILITY EASEMENTSHADED LINE INDICATES SUBDIVISION BOUNDARYAREA NOW OFFERED FOR DEDICATION TO THE CITY OF HANDFORD FORPUBLIC STREET PURPOSESPER GRANT DEED RECORDED SEPTEMBER 26, 2024, DOCUMENT NO.2413653, K.C.R.PER GRANT DEED RECORDED SEPTEMBER 26, 2024, DOCUMENT NO.2413655, K.C.R.PER GRANT DEED RECORDED SEPTEMBER 26, 2024, DOCUMENT NO.2415154, K.C.R.PER GRANT DEED RECORDED SEPTEMBER 26, 2024, DOCUMENT NO.2413655, K.C.R. < >(( ))( R )
SCALE: 1" = 20'20 20
100.00' <100.00'>

LOT D NOTELOT D DEDICATED TO THE CITY OF HANFORD FOR PUBLIC USE FD 1/2" REBAR, NO TAG, DOWN 6 IN PERTRACT NO. 185-2 BK. 6, PG. 39, KCR FD 1/2" REBAR, NO TAG, DOWN 6 IN PERCOUNTY TRACT NO. 185-2 BK. 6, PG. 39,KCR FD CUT X ON CONCRETE AT THE POSITION OFCOUNTY TRACT NO. 185-2 BK 6 PG 39, KCR PREPARED BY:324 S. SANTA FE, STE. AVISALIA, CA 93292TEL: 559.802.3052FAX: 559.802.3215www.4-creeks.com PREPARED BY:324 S. SANTA FE, STE. AVISALIA, CA 93292TEL: 559.802.3052FAX: 559.802.3215www.4-creeks.com LOT 18PARKSIDE ESTATESVOL. 6, PG. 24, K.C.R.LOT 19
1234
3 2
4 1
P.U.E.

BASIS OF BEARINGS

13.D.

AGENDA

STAFF REPORT

MEETING DATE: 11/19/2024 AGENDA SECTION: CONSENT CALENDAR

SUBJECT:

Authorization for the City Manager to sign a Grant of Easement from the City of Hanford to Southern California Edison for electrical services located within the Lennar Homes Tract 934, located at the Southeast corner of Grangeville Boulevard and 13th Avenue. A 11’x30’ easement will be located on Outlot “A” on the north side of West Ella Street and another 7’x54’ easement located on Outlot “C” on the west side of North Frontier Street.

RECOMMENDATION:

That that City Council, by motion, authorize the City Manager to sign a Grant of Easement from the City of Hanford to Southern California Edison for electrical service in two locations as described above, within Tract 934, easement strip #1 (11’x30’) on Outlot “A” on north side of West Ella Street and easement strip #2 (7’x54’) on Outlot “C” on the west side of North Frontier Street.

BACKGROUND:

Tract 934 is a subdivision development located at the southeast corner of 13th Ave and Grangeville Blvd. The developer, Lennar Homes, is constructing a residential development that has a Storm Drain Basin, Outlot “A” and a landscape lot, Outlot “C” that was dedicated to the City of Hanford with the Final Map. The Final Map, which was recorded on August 14, 2023, is attached for Council review.

To accommodate the improvements, a Grant of Easement from the City of Hanford to Southern California Edison Company has been prepared and is attached for Council review. The easement includes two locations, strip #1 (11’x30’) on Outlot “A” on the north side of West Ella Street and easement strip #2 (7’x54’) on Outlot “C” on the west side of North Frontier Street.

With Council's approval, the City Manager would sign and execute the Grant of Easement allowing SCE to record the document and install electrical service on the city-owned property.

FISCAL IMPACT:

There is no fiscal impact with this action. The costs of the SCE Easement and the underground service installation and improvements will be paid by the developer, Lennar Homes Tract 934.

ATTACHMENTS:

1. Edison Grant Easement

2. Tract 934 Final Map

13.E.

AGENDA

STAFF REPORT

MEETING DATE: 11/19/2024 AGENDA SECTION: CONSENT CALENDAR

SUBJECT:

Authorization for the General Fund to forgive the outstanding Courthouse Fund debt of $1,250,706 for past improvements and maintenance costs.

RECOMMENDATION:

Recommendation:

City Council authorize for the General Fund to write off the Courthouse Fund debt of $1,250,706 from past improvements and maintenance costs.

Recommended Motion:

I move to authorize the General Fund to write off the Courthouse Fund debt of $1,250,706.

BACKGROUND:

Since 2006, the Courthouse Fund (0330) has carried a balance owed to the general fund due to the fact that the Courthouse's expenses have consistently exceeded the revenues that the City was able to generate from the building. As a result, the debt has continued to accumulate, and the courthouse fund currently owes $1,250,706 to the General Fund as of the date of this report. Given that the Courthouse will no longer be a revenue-generating facility for the city, with the City Council's approval to sell the courthouse. Because the courthouse's necessary improvements exceed the value of the property and the sale of the courthouse will only generate $1, it is proposed that the outstanding debt of $1,250,706 owed by the courthouse be written off (absorbed) by the General Fund.

FISCAL IMPACT:

The General Fund balance will decrease by $1,250,706 and the Courthouse Fund (0330) balance will decrease to $0 and become an inactive fund. There is an existing receivable noted in the General Fund due from the Courthouse Fund, this will no longer be recognized as it is now known to not be realized. The sale of the courthouse is anticipated to happen within November 2024, any residual amount of negative fund balance would also be absorbed by the General Fund.

The sale of the facility for $1 will not cover the outstanding receivable owed to the General Fund.

Over time tenant income was not enough to cover costs for improvements or maintenance so the fund continued to go into the negative without even factoring deferred improvements. Staff had estimated the outstanding cost of improvements to be in the approximate range of $10 million as noted at the November 5, 2024 City Council meeting. The deferred improvements will no longer be a concern for the City.

ATTACHMENTS:

None

13.F.

AGENDA

STAFF REPORT

MEETING DATE: 11/19/2024 AGENDA SECTION: CONSENT CALENDAR

SUBJECT:

Introduction of Ordinance No. 2024-09, Adding Municipal Code 3.50 City of Hanford Transactions and Use Tax Ordinance of 2024

RECOMMENDATION:

Recommendation: That the City Council, by motion, Introduce and waive the first reading of Ordinance No. 2024-09, Adding Municipal Code 3.50 City of Hanford Transactions and Use Tax Ordinance of 2024

Recommended Motion: I move to introduce and waive the first reading of Ordinance No. 2024-09, Adding Municipal Code 3.50 City of Hanford Transactions and Use Tax Ordinance of 2024 BACKGROUND:

On July 2, 2024, Resolution 2024-21-R approved submission to City of Hanford voters of ballot language and necessary papers to be filed with the Kings County Elections Office for November 5, 2024 election. Revenue and Taxation Code Section 7285.9 authorizes city councils to levy a transactions and use tax for general revenue purposes via an ordinance approved by a two-thirds vote of all members of the City Council and if approved by a majority vote of the qualified voters of the city voting in an election on the issue.

As of the date of this report Measure H has been approved by voters on November 5, 2024, pending final certification by the Kings County Registrar of Voters. An ordinance to allow the City to implement Measure H is required and will be part of the required submission to the California Department of Tax and Fee Administration (CDTFA).

The ballot language included funding categories consistent with the approved expenditure plan, a transactions and use tax rate that would cover the expenses outlined in the draft expenditure plan (1%), the establishment of citizen's oversight, audit requirements, a statement indicating that the funds would remain local and that the measure could be ended by voters.

The language is provided below:

" Measure H": Essential City Services Protection Measure

To provide funding that would remain local and cannot be taken by the State to preserve/improve essential city services including, police, fire, 911 emergency response, neighborhood police patrols, crime prevention; maintain city streets and parks; address homelessness; improve youth/senior

programs; retain local jobs; and other general services, shall City of Hanford enact a 1¢ Transaction and Use Tax (Sales Tax), providing approximately $19,200,000 annually, until ended by voters; requiring annual independent audits and citizens’ oversight?

Ordinance 2024-09, City of Hanford Transactions and Use Tax Ordinance of 2024 As presented July 2, 2024, the City proposed to amend the Hanford Municipal Code to include specific accountability measures. The final version of the ordinance includes a transactions and use tax rate (1%), a provision giving voters the authority to end the levy of the tax. Every 10 years a report shall be presented to City Council and they may elect to suspend the measure, which then may be subsequently re-established by voters. In addition, the Sales and Use Tax Accountability Measures Ordinance 2024-10 (in separate item) shall amend the Hanford Municipal Code to include accountability measures for Measure H.

Final adoption of this ordinance will be brought back to City Council on December 3, 2024. This will allow for timely submission of all documents to the CDTFA for implementation of Measure H. No changes are recommended to this ordinance as what is presented has been presented and approved by voters.

FISCAL IMPACT:

This action will allow for the City to enact an ordinance to implement Measure H that was passed by voters on November 5, 2024.

ATTACHMENTS:

1. Ordinance 24-09 City of Hanford Transactions and Use Tax Ordinance of 2024

Ordinance 2024-09
City of Hanford Transactions and Use Tax Ordinance of 2024

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HANFORD IMPOSING A

TRANSACTIONS AND USE TAX TO BE ADMINISTERED BY THE STATE DEPARTMENT

OF TAX AND FEE ADMINISTRATION, SUBJECT TO ADOPTION BY THE ELECTORATE, TO PROVIDE FUNDS TO: PRESERVE/IMPROVE ESSENTIAL CITY SERVICES, INCLUDING POLICE, FIRE, 911 EMERGENCY RESPONSE, NEIGHBORHOOD POLICE PATROLS, CRIME PREVENTION; MAINTAIN CITY STREETS AND PARKS; ADDRESS HOMELESSNESS; IMPROVE YOUTH/SENIOR PROGRAMS; RETAIN LOCAL JOBS; AND

OTHER GENERAL SERVICES
WHEREAS, the City of Hanford’s prime responsibilities are to protect the public’s safety, maintain fiscal stability, and provide a high quality of life for its residents; and WHEREAS, over the last several years the State of California has gone from one financial crisis to another with no end in sight; and
WHEREAS, during each of the past several years the State of California has reduced or taken funding from cities, counties and school districts in order to fund its deficits and may continue to do so into the foreseeable future; and
WHEREAS, the State of California has shifted responsibility for many programs back to cities, like Hanford, without the necessary funds to provide the services residents need and expect; and WHEREAS, the State of California has recently changed its criminal sentencing laws thereby releasing hundreds of parolees into Kings County and negatively impacting the City of Hanford by an increase in crime, substance abuse and homelessness; and
WHEREAS, over the last decade calls to 911 have risen dramatically, and police responded to 47,000 service calls in 2023; and
WHEREAS, Hanford’s street funding is currently millions of dollars short of what it needs to properly maintain its more than 200 miles of City streets, with nearly half of Hanford’s streets rated as “poor” or worse, and without additional funding streets will continue to deteriorate and future road repairs will become more expensive; and
WHEREAS, the residents have identified their essential city services priorities such as: maintain 911 emergency response times for police and fire service calls, investigate crimes, help attract businesses and jobs, maintain streets and parks, address homelessness, and provide services for youth and seniors; and
WHEREAS, sales and property tax revenues, which have been the significant source of locally controlled funds available to pay for essential City services are limited; and WHEREAS, the City of Hanford needs dependable and local sources of revenue to fund and to support essential, necessary and appropriate general City services provided to the public; and

WHEREAS, the City’s general fund expenditures are projected to outpace revenues in the near future causing the City to be unable to maintain all levels of service and will not have capacity to fund facilities that are necessary to deliver services that the community desires; and WHEREAS, a local funding measure would provide a protected, local revenue source to limit or prevent additional cuts to essential, necessary and appropriate general City services; and WHEREAS, this measure requires compliance with the City of Hanford Sales Tax Accountability Ordinance, requiring establishment of annual expenditure plans, citizen oversight and mandatory financial audits to ensure funds will be properly spent; and WHEREAS, this measure will give the City of Hanford local control over local funds for local needs and no funds from this measure can be taken by Sacramento; and NOW THEREFORE, the City Council of the City of Hanford does ordain as follows:

Section 1. The following is added as Chapter 3.50 to the Hanford Municipal Code:

Chapter 3.50

ESSENTIAL CITY SERVICES PROTECTION MEASURES TRANSACTIONS AND

USE TAX
Sections:

3.60.010 Title.

3.60.020 Operative Date.

3.60.030 Purpose.

3.60.040 Contract with State.

3.60.050 Transactions Tax Rate.

3.60.060 Place of Sale.

3.60.070 Use Tax Rate.

3.60.080 Adoption of Provisions of State Law.

3.60.090 Limitations on Adoption of State Law and Collection of Use Tax.

3.60.100 Permit Not Required.

3.60.110 Exemptions and Exclusions.

3.60.120 Amendments.

3.60.130 Enjoining Forbidden.

3.60.140 Severability.

3.60.150 Effective Date.

3.60.160 Termination Date.

3.60.170 Coordination with Provisions of Sales Tax Accountability Measures Ordinance.

3.60.180 Conflicts and Inconsistencies.

Section 3.50.010. Title.

This ordinance shall be known as the Essential City Services Protection Measure Transactions and Use Tax Ordinance. The City of Hanford hereinafter shall be called "City." This ordinance shall be applicable in the incorporated territory of the City.

Section 3.50.020.Operative Date.
"Operative Date" means the first day of the first calendar quarter commencing more than 110 days after the adoption of this ordinance, the date of such adoption being as set forth below.

Section 3.50.030.Purpose.

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

A. To impose a retail transactions and use tax in accordance with the provisions of Part

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

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

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

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

to taxation under the provisions of this ordinance.

Section 3.50.040.Contract with State.

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

Section 3.50.050.Transactions Tax Rate.

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

Section 3.50.060.Place of Sale.

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

Section 3.50.070. Use Tax Rate.

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

Section 3.50.080.Adoption of Provisions of State Law.

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

Section 3.50.090.Limitations on Adoption of State Law and Collection of Use Taxes.

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

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

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

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

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

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

B. The word "City" shall be substituted for the word "State" in the phrase "retailer engaged in business in this State" in Section 6203 and in the definition of that phrase in Section 6203.

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

Section 3.50.100.Permit Not Required.

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

Section 3.50.110.Exemptions and Exclusions.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Section 3.50.120.Amendments.

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

Section 3.50.130.Enjoining Collection Forbidden.

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

Section 3.50.140.Severability.

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

Section 3.50.150.Effective Date.

This ordinance relates to the levying and collecting of the City transactions and use taxes and shall take effect immediately.

Section 3.50.160.Termination Date.

The authority to levy the tax imposed by this ordinance shall not expire, except as may be approved by voters to end the levy of the tax under this Ordinance. In addition, such authority shall be suspended, and no tax levied thereafter, upon the adoption of a resolution directing such suspension by the Council, by a four-fifths vote of the entire Council. The Council shall receive a report no later than ten (10) years following the Operative Date, and every ten (10) years thereafter, regarding the continuing need for the tax imposed by this Ordinance, and upon receiving such report may either take no action, in which case the authority to impose the tax shall continue uninterrupted, or adopt a resolution to suspend this Ordinance by a four-fifths vote of the entire Council. The tax collection would end at the next available quarter, except for residual payments. In any event that this Ordinance is suspended, such authority shall remain suspended unless and until the Council approves a resolution, by four-fifths vote of the entire Council, which it may consider at any time, to reinstate the authority to levy the tax authorized by this Ordinance, which if so adopted shall be effective without submission to the electorate. The collection would resume at the beginning of the next quarter.

Section 3.50.170. Coordination with Provisions of Sales Tax Accountability Measures Ordinance.

The expenditure of funds collected pursuant to the tax imposed by this Ordinance shall be subject to the provisions of Hanford Municipal Code Chapter 3.60 Sales and Use Tax Accountability Measures Ordinance.

Section 3.50.180. Conflicts and Inconsistencies.

Any provision of the Hanford Municipal Code or appendices thereto inconsistent with the provisions of this Ordinance, to the extent of such inconsistencies and no further, is hereby repealed or modified to that extent necessary to effect the provisions of this Ordinance, except that any existing, duly adopted sales and use tax existing as of date of adoption of this Ordinance shall remain in effect and the sales and use tax imposed by this Ordinance shall be additive thereto.

Section 2. The Mayor shall sign and the City Clerk shall attest to the passage of this Ordinance. The City Clerk shall cause the same to be published once in the official newspaper within 15 days after its adoption.

PASSED AND ADOPTED by the ______________________________________________, State of California, on ____________________________, by the following vote:

AYES:___________________________________________________ NOES:___________________________________________________ ABSTAIN:________________________________________________ ABSENT:_________________________________________________ APPROVED:

TRAVIS PADEN, MAYOR
ATTEST:

NATALIE CORRAL, CITY CLERK APPROVED BY CITY ATTORNEY

STATE OF CALIFORNIA )
COUNTY OF KINGS ) ss.

CITY OF HANFORD )
I NATALIE CORRAL, City Clerk of the City of Hanford, do hereby certify the foregoing ordinance was duly introduced at a regular meeting of the City Council of the City of Hanford on the _____ day of _______________, 202__, and it was duly passed and adopted at a regular meeting of the City Council of the City of Hanford held on the ____ day of ________________, 202__.

Dated:_________________________
______________________________

NATALIE CORRAL, CITY CLERK

13.G.

AGENDA

STAFF REPORT

MEETING DATE: 11/19/2024 AGENDA SECTION: CONSENT CALENDAR

SUBJECT:

Introduction of Ordinance No. 2024-10, Adding Municipal Code 3.60 City of Hanford Sales and Use Tax Accountability Measures

RECOMMENDATION:

Recommendation: That the City Council, by motion, Introduce and waive the first reading of Ordinance No. 2024-10, Adding Municipal Code 3.60 City of Hanford Sales and Use Tax Accountability Measures

Recommended Motion: I move to introduce and waive the first reading of Ordinance No. 2024-10, Adding Municipal Code 3.60 City of Hanford Sales and Use Tax Accountability Measures BACKGROUND:

On July 2, 2024, Resolution 2024-21-R approved submission to City of Hanford voters submission of ballot language and necessary papers to be filed with the Kings County Elections Office for November 5, 2024 election. Revenue and Taxation Code Section 7285.9 authorizes city councils to levy a transactions and use tax for general revenue purposes via an ordinance approved by a two- thirds vote of all members of the City Council and if approved by a majority vote of the qualified voters of the city voting in an election on the issue. As of the date of this report Measure H has been approved on November 5, 2024 by voters pending final certification by the Kings County Registrar of Voters. This ordinance will establish accountability measures in the City's Municipal Code after implementation of Measure H.

The ballot language included funding categories consistent with the approved expenditure plan, a transactions and use tax rate that would cover the expenses outlined in the draft expenditure plan (1%), the establishment of citizen's oversight, audit requirements, a statement indicating that the funds would remain local and that the measure could be ended by voters.

The language is provided below:

" Measure H": Essential City Services Protection Measure

To provide funding that would remain local and cannot be taken by the State to preserve/improve essential city services including, police, fire, 911 emergency response, neighborhood police patrols, crime prevention; maintain city streets and parks; address homelessness; improve youth/senior programs; retain local jobs; and other general services, shall City of Hanford enact a 1¢ Transaction

and Use Tax (Sales Tax), providing approximately $19,200,000 annually, until ended by voters; requiring annual independent audits and citizens’ oversight?

Ordinance 2024-10, Sales and Use Tax Accountability Measures As presented July 2, 2024, the City proposed to amend the Hanford Municipal Code to include specific accountability measures. A final version of Chapter 3.60 Sales and Use Tax Accountability Measures is attached with this agenda. The language in the amendment presented to voters includes the following accountability measures:

1. Requirements for an expenditure plan that outlines implementation of the sales and use tax for the fiscal year

2. Requirements that any changes to the expenditure plan require a resolution adopted by the majority of Council following the recommendation by the Sales Tax Oversight Board and a public hearing.

3. The initial expenditure plan, annual budgets, and amendments to the expenditure plan are made publicly available.

4. The initial expenditure plan shall dedicate fifteen percent (15%) of budgeted revenues for the initial year of the plan to establish an economic uncertainty fund, which may only be accessed in times of fiscal emergencies. Council may direct that the economic uncertainty fund be accessed in order to fund the remainder of the plan in the case of a fiscal emergency, as determined by 4/5ths vote of the City Council as a whole.

5. Each expenditure plan shall fund department activities as may be recommended from time to time by the Board and approved by the City Council within the parameters approved by the voters.

6. The Council will appoint a standing oversight committee to constitute the Sales Tax Oversight Board (Board) as approved by Resolution.

7. Each member of the Board shall be a Hanford resident.

8. The City shall provide an annual independent audit that accounts for the tax revenues received and expenditures made. The audits will be made available to the public.

Final adoption of this ordinance will be brought back to City Council on December 3, 2024. This action will establish accountability requirements for Measure H. Upon final adoption, and seating of a new City Council, staff plans to bring back an item for discussion on December 17, 2024 for adoption of a resolution to establish a Citizens Oversight Board (as discussed in separate item on today's agenda for schedule of Measure H implementation).

FISCAL IMPACT:

There is no direct fiscal impact with this action. This action will establish accountability measures for when Measure H is fully implemented.

ATTACHMENTS:

1. Ordinance 24-10 City of Hanford Sales and Use Tax Accountability Measures

Ordinance 2024-10
City of Hanford Sales and Use Tax Accountability Measures

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HANFORD AMENDING HANFORD MUNICIPAL CODE TITLE 3

TO ADD SALES AND USE TAX ACCOUNTABILITY MEASURES
WHEREAS, the City of Hanford voters have identified that citizen oversight is an essential element to have in place for a revenue measure; and
WHEREAS, the City of Hanford needs dependable and local sources of revenue to fund and to support essential, necessary and appropriate general City services; and WHEREAS, a local funding measure would provide a protected, local revenue source to limit or prevent additional cuts to essential, necessary and appropriate general City services; and WHEREAS, the City Council has submitted a measure to the voters of the City of Hanford that would establish a sales tax on transactions within the City of Hanford; and WHEREAS, if adopted by the voters, the City Council intends that the funds collected pursuant to such measure be subject to certain accountability measures, including planning, oversight, and audit provisions, and therefore desires to establish such accountability measures by adoption of this Ordinance.

NOW, THEREFORE, the City Council of the City of Hanford does ordain as follows:

Section 1. Hanford Municipal Code Title 3 is hereby amended to add Chapter 3.60 as follows:

Chapter 3.60

SALES AND USE TAX ACCOUNTABILITY MEASURES
Sections:

3.60.010 Title.

3.60.020 Applicability.

3.60.030 Initial and subsequent expenditure plans.

3.60.040 Sales Tax Oversight Board.

3.60.050 Annual audit.

3.60.010 Title.

This chapter shall be known as the City of Hanford Sales Tax Accountability Ordinance.

3.60.020 Applicability.

The provisions of this Chapter shall apply to the proceeds of any sales and use tax that is made specifically subject to this Chapter by the ordinance that enacts such sales and use tax.

3.60.030 Initial and subsequent expenditure plans.

A.The City Council shall, prior to the imposition of a transactions and use (sales) tax that is subject to the provisions of this Chapter, adopt, by resolution approved by a majority of the Council, an initial spending plan specifying the uses of the proceeds of the transactions and use (sales) tax. The initial expenditure plan (budget) shall cover the period between implementation of the sales and use tax and the end of the subsequent fiscal year.

B.Prior to expiration of the initial expenditure plan and as part of adoption of an annual city general fund budget, the City Council shall adopt an annual expenditure plan specifying the uses of the proceeds of the sales or use tax that is subject to the provisions of this chapter, applicable to the coming fiscal year.

C.Adoption of the initial expenditure plan, subsequent annual expenditure plans, and amendments to such plans, shall occur by resolution adopted by a majority of the Council, following:
1) submission for comment and recommendation to the Sales Tax Oversight Board as established pursuant to Section 3.60.040, and
2) public hearing occurring at a regularly scheduled and appropriately noticed meeting of the City Council.

D.Following adoption, the city shall make the initial expenditure plan, any subsequent annual expenditure plan (budget), and any amended expenditure plan (budget) publicly available.

E.The initial expenditure plan shall dedicate fifteen percent (15%) of budgeted revenues for the initial year of the plan to establish an economic uncertainty fund, which may only be accessed in times of fiscal emergencies, defined as a deficit in expected revenues such that the other features of the plan are not able to be funded as planned. The Council may direct that the economic uncertainty fund be accessed in order to fund the remainder of the plan in the case of a fiscal emergency, as determined by four-fifths (4/5ths) vote of the City Council as a whole.

Annual expenditure plans shall provide for the dedication of such budgeted funds as are necessary to maintain the economic uncertainty fund at fifteen percent (15%) of budgeted revenues and to replenish any amounts used in the event of a fiscal emergency in the prior year.

F.Each expenditure plan shall fund department activities as may be recommended from time to time by the Board and approved by the City Council within the parameters approved by the voters.

3.60.040 Sales Tax Oversight Board.

A. The Council shall appoint a standing oversight committee to constitute the Sales Tax Oversight Board (the “Board”).

B. The members of the Board shall serve terms, be selected, and appointed pursuant to a process to be adopted by Council Resolution.

C. Vacancies shall be noticed in a manner consistent with Municipal Code Section 2.20.030.

Appointment shall made at the earliest possible date for mid-term vacancies. Vacancies shall be advertised so that any interested city resident may apply.

D. City residency shall be required for all Board members and shall be confirmed by each applicant and each Board member under penalty of perjury. The city may require a Board member to confirm his or her residence throughout the member’s term.

E. Board members serve at the pleasure of the city council and may be removed for cause or no-cause. Members may be removed for cause for various reasons, including, without limitation, three (3) consecutive Board meeting absences.

F. The Board shall annually elect a chairperson and vice-chairperson from amongst its members.

G. In accordance with the public meeting laws of the state of California: (i) all meetings of the Board shall be open to the public and noticed; and (ii) minutes of Board meetings shall be kept.

H. Board members shall serve without compensation.

3.60.050 Annual audit.

The city shall provide for an annual independent audit of transactions and use tax measure funds to account for the tax revenues received and expenditures made in relation to the tax that is subject to this chapter, and to ensure consistency with the expenditure plan required by Section

3.60.030. Such audits will be provided to the Sales Tax Oversight Board and publicly available as established by Section 3.60.040.

Section 2. This Ordinance shall take effect thirty (30) days after its adoption and shall be published once in the Hanford Sentinel within fifteen (15) days after its passage or a summary of this ordinance shall be published in the Hanford Sentinel in a manner consistent with the requirements of the California Government Code.

PASSED AND ADOPTED by the ______________________________________________, State of California, on ____________________________, by the following vote:

AYES:___________________________________________________ NOES:___________________________________________________ ABSTAIN:________________________________________________ ABSENT:_________________________________________________ APPROVED:

TRAVIS PADEN, MAYOR
ATTEST:

NATALIE CORRAL, CITY CLERK APPROVED BY CITY ATTORNEY

STATE OF CALIFORNIA )
COUNTY OF KINGS ) ss.

CITY OF HANFORD )
I NATALIE CORRAL, City Clerk of the City of Hanford, do hereby certify the foregoing ordinance was duly introduced at a regular meeting of the City Council of the City of Hanford on the _____ day of _______________, 202__, and it was duly passed and adopted at a regular meeting of the City Council of the City of Hanford held on the ____ day of ________________, 202__.

Dated:________________________
______________________________

NATALIE CORRAL, CITY CLERK

13.H.

AGENDA

STAFF REPORT

MEETING DATE: 11/19/2024 AGENDA SECTION: CONSENT CALENDAR

SUBJECT:

Acceptance and authorization for staff to File the City of Hanford's Quarterly Investment Portfolio and Transactions Reports as of 09/30/2024.

RECOMMENDATION: That the City Council accept and authorize staff to file the City of Hanford's Quarterly Investment Portfolio and Transactions Report as of 09/30/2024.

RECOMMENDED MOTION: I move that the City Council accept and authorize staff to file the City of Hanford's Quarterly Investment Portfolio and Transactions Report as of 09/30/2024.

BACKGROUND:

Quarterly Investment Report
The City has approximately $124 million in investments and cash, across all funds, as of 09/30/2024.

Recent Activity
The City actively maintains its Wells Fargo cash accounts at a minimum of $3 million. At the beginning of the fiscal year with the onboarding of Meeder (our investment portfolio manager) we transferred out the entire amount in LAIF and a portion of CLASS (Local Government Investment Pools) for a total amount of $61,664,339.77 to a US Bank money market account. Over the course of several weeks, Meeder invested those funds on behalf of the City into various investment securities.

The portfolio's book yield is approximately 4.07% and most of the bonds purchased are not callable, or have coupons that will not be called away. The portfolio is well diversified and positioned to perform well in a potentially cutting rate environment.

Current Investment Environment. In September, the Federal Reserve cut interest rates by 50 basis points or 0.50% for the first time in four years. Strategists believe that there will be two additional rate cuts in 2024 and expect the cuts to continue into 2025.

The 10-year Treasury Note interest went down from last quarter after the Federal Reserve cuts at approximately 3.81% versus 4.36% at the end of last quarter. At the same time last year, the rate was higher at approximately 4.43%.

Future Actions
The City's portfolio will be actively managed and re-invested as securities mature. As idle cash is available it will be transferred to US Bank money market account, which then may be reinvested.

Meeder provides Staff with in depth quarterly reviews and timely economic updates as available.

Summary
The primary purpose of the City’s cash is to provide residents of Hanford with services. In order to maximize the earnings potential on the City’s idle cash, the City utilizes Meeder to actively monitor the portfolio and purchase low-risk investments which will provide a higher return versus allowing the cash to be held in savings accounts earning little to no interest. Additionally, idle cash is also held with government pools, including the Tulare County Investment Pool and CLASS. It is the policy of the City to invest public funds in a manner that will provide a high investment return with a high level of security (low risk) while meeting the daily cash flow demands of the entity and conforming to all state and local statutes governing the investment of public funds.

FISCAL IMPACT:

This item is informational. Investing the City's cash will generate continual interest earnings on the investment portfolio.

ATTACHMENTS:

1. Treasury Report & Portfolio Review-09.30.24

2. Balance Sheet by Position-09.30.24

ATTACHMENTS:

1. Treasury Report & Portfolio Review 09.30.2024

2. Balance Sheet by Position 09.30.24

Report:Treasury Report
Account: City of Hanford (446861)
As of:09/30/2024
Diversification / Security Sector % of Portfolio YTM @Cost Days to Maturity Face Amount / Shares Market Value Original Cost MMFUND and Local Gov Invst Poo 26.603% 4.686 0 32,918,961.02$ 32,918,961.02$ 32,918,961.02$ T-BILL 1.206% 5.225 38 1,500,000.00$ 1,492,784.03$ 1,480,709.90$ CP 5.951% 5.011 136 7,500,000.00$ 7,363,577.08$ 7,308,043.20$ CD 5.981% 3.028 268 7,465,000.00$ 7,350,964.78$ 7,465,000.00$ AGCY BOND 25.110% 4.071 684 31,730,000.00$ 30,874,990.65$ 30,758,299.55$ US GOV 9.047% 4.133 930 11,000,000.00$ 11,051,875.04$ 10,962,013.28$ MBS - FHLMC 4.246% 4.465 1064 5,245,000.00$ 5,238,040.64$ 5,183,325.00$ CORP 15.719% 4.158 1087 19,557,000.00$ 19,292,310.56$ 19,059,102.04$ MBS - FNMA 2.165% 4.294 1431 2,798,867.02$ 2,672,208.09$ 2,659,355.55$ MUNI 3.972% 4.107 1492 5,080,000.00$ 4,873,400.53$ 4,815,100.30$ --- 100.000% 4.284 587 124,794,828.04$ 123,129,112.42$ 122,609,909.84$ **Items Below Not Listed on this Report, will be included in the future CUSIP Security Name Maturity Date Face Amount / Shares Market Value Original Cost Tulare County Investment Pool 1,149,142.89$ 1,149,142.89$ 1,149,142.89$ Wells Money Market 2,938.48$ 2,938.48$ 2,938.48$ Wells Cash 2,875.00$ 2,875.00$ 2,875.00$ 3130AREM9 Federal Home Loan Ba 3/28/2025 250,000.00$ 247,454.77$ 250,000.00$ 1,404,956.37$ 1,402,411.14$ 1,404,956.37$ 126,199,784.41$ 124,531,523.56$ 124,014,866.21$

PORTFOLIO REVIEW

Sample Portfolio
MMFund $1,358,299
Securities $91,940,949
Total Portfolio $93,299,248
Unrealized Gain $447,420

Sample Securities
Weighted Average Maturity 2.12 years
Yield at Cost 4.07%
Sample Asset Allocation
Sample Maturity Distribution
1,358,299
28,602,947
20,104,524
10,918,722
15,857,034 16,457,723
1% 31% 22% 12% 17% 18%
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
Overnight 0-1 year 1-2 years 2-3 years 3-4 years 4-5 years 13%
35%
8%
21%
8%
10%
5%1% US Treasuries
US Government Agencies
Commercial Paper
Corporate Notes
FDIC Insured Products
MBS
Municipal Bonds
Portfolio Illustration
City of Hanford portfolio as of 09/22/2024
14

Maturity Band by Yield
FOR INFORMATIONAL PURPOSES ONLY. SEE IMPORTANT DISCLOSURES AT TH E END OF THE PRESENTATION.15 Maturity Distribution Original Cost % of Market Value Yield at Cost 1 Day $1,358,299 1.45% 4.79%
0-1Yrs $28,602,947 30.44% 3.74%
1-2Yrs $20,199,344 21.51% 4.34%
2-3Yrs $10,918,721 11.77% 4.21%
3-4Yrs $15,857,034 17.10% 4.04%
4-5Yrs $16,457,723 17.73% 4.19%
$93,299,249 100% 4.07%

Purchases
FOR INFORMATIONAL PURPOSES ONLY. SEE IMPORTANT DISCLOSURES AT TH E END OF THE PRESENTATION.16 Identifier Original Units Security Description
Transacti
on Type Coupon Rate Yield at Cost Settle Date Final Maturity Price 023135CG9 1,500,000.00 AMAZON.COM 3.450 04/13/29 '29 Buy 3.450 4.30 08/01/2024 04/13/2029 96.425 06406FAE3 2,183,000.00 BONY MELLON 2.450 08/17/26 '26 MTN Buy 2.450 4.52 08/02/2024 08/17/2026 96.010 69371RS80 1,500,000.00 PACCAR 4.600 01/31/29 MTN Buy 4.600 4.43 08/02/2024 01/31/2029 100.682 437076DB5 1,500,000.00 HOME DEPOT 4.875 06/25/27 '27 Buy 4.875 4.35 08/02/2024 06/25/2027 101.381 30303M8G0 1,500,000.00 META PLATFORMS 3.500 08/15/27 '27 Buy 3.500 4.31 08/02/2024 08/15/2027 97.717 713448EL8 1,500,000.00 PEPSICO 2.625 07/29/29 '29 Buy 2.625 4.26 08/02/2024 07/29/2029 92.704 166756AR7 1,500,000.00 CHEVRON USA 3.850 01/15/28 '27 Buy 3.850 4.23 08/02/2024 01/15/2028 98.786 191216DJ6 1,500,000.00 COCA-COLA 1.500 03/05/28 Buy 1.500 4.16 08/02/2024 03/05/2028 91.206 3130AWTQ3 1,000,000.00 FHLBANKS 4.625 09/11/26 Buy 4.625 4.14 08/02/2024 09/11/2026 100.959 037833ET3 1,500,000.00 APPLE 4.000 05/10/28 '28 Buy 4.000 4.06 08/02/2024 05/10/2028 99.787 010878BH8 1,500,000.00 ALAMEDA CNTY CALIF 3.599 08/01/29 Buy 3.599 4.05 08/02/2024 08/01/2029 97.977 3133ENSF8 1,500,000.00 FED FARM CR BNKS 2.870 03/21/29 '24 Buy 2.870 3.85 08/05/2024 03/21/2029 95.884 3130AKGN0 1,650,000.00 FHLBANKS 1.020 11/30/28 '24 Buy 1.020 3.80 08/05/2024 11/30/2028 89.035 8923A0M34 1,500,000.00 TOYO CRD PUE RIC 12/03/24 Buy 0.000 5.13 08/06/2024 12/03/2024 98.304 3140LCLV1 1,000,000.00 FN BS2139 Buy 1.270 4.37 08/06/2024 07/01/2028 89.422 13034AL81 1,000,000.00 CALIFORNIA INFRASTRUCTURE & 1.235 10/01/27 Buy 1.235 4.33 08/06/2024 10/01/2027 90.970 13063DC48 1,050,000.00 CALIFORNIA ST 1.700 02/01/28 Buy 1.700 4.08 08/06/2024 02/01/2028 92.329 91282CGV7 1,500,000.00 US TREASURY 3.750 04/15/26 Buy 3.750 4.00 08/06/2024 04/15/2026 99.594 63873JNP1 2,000,000.00 NATIXIS NY 01/23/25 Buy 0.000 4.91 08/07/2024 01/23/2025 97.695 62479LP41 1,000,000.00 MUFG BANK NY 02/04/25 Buy 0.000 4.90 08/07/2024 02/04/2025 97.536 21687AQQ9 2,000,000.00 COOPERATIEVE UA 03/24/25 Buy 0.000 4.77 08/07/2024 03/24/2025 96.966 3134GWZ82 1,500,000.00 FREDDIE MAC 0.590 10/08/25 '24 MTN Buy 0.590 4.45 08/07/2024 10/08/2025 95.650 3130AUU36 1,500,000.00 FHLBANKS 4.125 03/13/26 Buy 4.125 4.09 08/07/2024 03/13/2026 100.045 912797LC9 1,500,000.00 US TREASURY BILL 11/07/24 Buy 0.000 5.23 08/08/2024 11/07/2024 98.714 3134GWZ82 1,000,000.00 FREDDIE MAC 0.590 10/08/25 '24 MTN Buy 0.590 4.47 08/08/2024 10/08/2025 95.641 3133EPC37 1,500,000.00 FED FARM CR BNKS 4.875 11/13/25 Buy 4.875 4.32 08/08/2024 11/13/2025 100.673

Purchases Continued
FOR INFORMATIONAL PURPOSES ONLY. SEE IMPORTANT DISCLOSURES AT TH E END OF THE PRESENTATION.17 Identifier Original Units Security Description Transaction Type Coupon Rate Yield at Cost Settle Date Final Maturity Price 3130AWKM1 2,255,000.00 FHLBANKS 4.750 12/12/25 Buy 4.750 4.28 08/08/2024 12/12/2025 100.598 3130AKU61 2,000,000.00 FHLBANKS 0.750 01/27/26 Buy 0.750 4.25 08/08/2024 01/27/2026 95.062 91282CHB0 500,000.00 US TREASURY 3.625 05/15/26 Buy 3.625 4.08 08/08/2024 05/15/2026 99.230 13063DMB1 1,530,000.00 CALIFORNIA ST 3.050 04/01/29 Buy 3.050 4.04 08/08/2024 04/01/2029 95.836 3133EL5U4 500,000.00 FED FARM CR BNKS 1.120 09/01/28 '24 Buy 1.120 3.97 08/08/2024 09/01/2028 89.406 3133EMHZ8 2,000,000.00 FED FARM CR BNKS 1.125 06/01/29 '24 Buy 1.125 3.95 08/08/2024 06/01/2029 87.713 63873JS92 1,000,000.00 NATIXIS NY 05/09/25 Buy 0.000 4.68 08/12/2024 05/09/2025 96.490 3130B2CF0 1,000,000.00 FHLBANKS 4.500 08/12/25 Buy 4.500 4.50 08/12/2024 08/12/2025 99.999 3130AERV4 2,000,000.00 FHLBANKS 3.125 09/12/25 Buy 3.125 4.45 08/12/2024 09/12/2025 98.612 3140HRBM4 2,000,000.00 FN BL0043 Buy 3.870 4.36 08/12/2024 10/01/2028 98.109 3133EMVH2 2,000,000.00 FED FARM CR BNKS 1.570 04/05/28 '24 Buy 1.570 3.97 08/12/2024 04/05/2028 91.918 91282CGC9 1,500,000.00 US TREASURY 3.875 12/31/27 Buy 3.875 3.86 08/12/2024 12/31/2027 100.059 91282CHK0 1,500,000.00 US TREASURY 4.000 06/30/28 Buy 4.000 3.83 08/12/2024 06/30/2028 100.609 3132XGY34 2,745,000.00 FH WN2529 Buy 4.650 4.61 08/13/2024 12/01/2028 100.000 9128284V9 1,500,000.00 US TREASURY 2.875 08/15/28 Buy 2.875 3.85 08/13/2024 08/15/2028 96.406 532457CP1 1,500,000.00 LILLY 4.150 08/14/27 '27 Buy 4.150 4.07 08/14/2024 08/14/2027 100.215 3133ERPR6 1,500,000.00 FED FARM CR BNKS 3.875 11/15/27 Buy 3.875 3.91 08/15/2024 11/15/2027 99.890 91282CKJ9 1,500,000.00 US TREASURY 4.500 04/15/27 Buy 4.500 3.86 08/23/2024 04/15/2027 101.598 91282CKR1 1,500,000.00 US TREASURY 4.500 05/15/27 Buy 4.500 3.86 08/23/2024 05/15/2027 101.648 3137BP4K2 2,500,000.00 FH-KIR1-A2 Buy 2.849 4.39 08/29/2024 03/25/2026 97.533 46625HRV4 2,000,000.00 JP MORGAN 2.950 10/01/26 '26 Buy 2.950 4.33 09/03/2024 10/01/2026 97.292

Call Redemptions and Maturities
FOR INFORMATIONAL PURPOSES ONLY. SEE IMPORTANT DISCLOSURES AT TH E END OF THE PRESENTATION.18 Identifier Original Units Security Description Transaction Type Coupon Rate Settle Date Final Maturity Price 3133EPK38 (1,000,000.00) FED FARM CR BNKS 5.580 12/07/26 CALD Call Redemption 5.580 07/19/2024 12/07/2026 100.000 3134GYRH7 (1,000,000.00) FREDDIE MAC 5.300 05/15/25 MTN CAL Call Redemption 5.300 08/15/2024 05/15/2025 100.000 3134GYJB9 (2,000,000.00) FREDDIE MAC 5.300 02/27/26 MTN CAL Call Redemption 5.300 08/27/2024 02/27/2026 100.000 3130AWBD1 (2,000,000.00) FHLBANKS 5.475 06/01/26 CALD Call Redemption 5.475 09/01/2024 06/01/2026 100.000 3134GYTM4 (1,000,000.00) FREDDIE MAC 5.320 06/06/25 MTN CAL Call Redemption 5.320 09/06/2024 06/06/2025 100.000 052392CL9 (250,000.00) Austin Telco Federal Credit Union 4.95 07/26/2024 Maturity 4.950 07/26/2024 07/26/2024 100.000 88241TLS7 (249,000.00) Texas Exchange Bank 0.5 07/30/2024 Maturity 0.500 07/30/2024 07/30/2024 100.000 39573LBQ0 (250,000.00) GreenState Credit Union 0.5 07/30/2024 Maturity 0.500 07/30/2024 07/30/2024 100.000

Report: Balance Sheet by Position
Account: City of Hanford (446861)
As of: 09/30/2024
Identifier Security Description Original Units Current Units Currency Asset Type Original Cost Matures Book Value Market Value 31846V567 FIRST AMER:GVT OBLG;Z 3,666,072.29 3,666,072.29 USD Money Market Funds 3,666,072.29 --- 3,666,072.29 3,666,072.29 CACLASS CALIFORNIA CLASS 15,383,616.15 15,383,616.15 USD Local Gov Invt Pool 15,383,616.15 --- 15,383,616.15 15,383,616.15 4496895186 Wells Fargo Bank 135,553.00 135,553.00 USD Bank Deposits 135,553.00 --- 135,553.00 135,553.00 4496895186A Wells Fargo Stagecoach Sweep 9,610,733.95 9,610,733.95 USD Bank Deposits 9,610,733.95 --- 9,610,733.95 9,610,733.95 4496261892 Wells Fargo Commercial Checking 107,726.01 107,726.01 USD Bank Deposits 107,726.01 --- 107,726.01 107,726.01 7248MEED UMPQUA Bank 4,015,259.62 4,015,259.62 USD Bank Deposits 4,015,259.62 --- 4,015,259.62 4,015,259.62 63873JS92 NATIXIS NY 05/09/25 1,000,000.00 1,000,000.00 USD Commercial Paper 964,900.00 05/09/2025 971,400.00 971,400.00 21687AQQ9 COOPERATIEVE UA 03/24/25 2,000,000.00 2,000,000.00 USD Commercial Paper 1,939,315.00 03/24/2025 1,953,890.00 1,953,890.00 62479LP41 MUFG BANK NY 02/04/25 1,000,000.00 1,000,000.00 USD Commercial Paper 975,363.89 02/04/2025 982,850.00 982,850.00 63873JNP1 NATIXIS NY 01/23/25 2,000,000.00 2,000,000.00 USD Commercial Paper 1,953,900.56 01/23/2025 1,968,903.34 1,968,903.33 8923A0M34 TOYO CRD PUE RIC 12/03/24 1,500,000.00 1,500,000.00 USD Commercial Paper 1,474,563.75 12/03/2024 1,486,533.75 1,486,533.75 191216DJ6 COCA-COLA 1.500 03/05/28 1,500,000.00 1,500,000.00 USD Corporate Bonds 1,368,090.00 03/05/2028 1,374,127.07 1,388,175.00 713448EL8 PEPSICO 2.625 07/29/29 '29 1,500,000.00 1,500,000.00 USD Corporate Bonds 1,390,560.00 07/29/2029 1,394,163.95 1,416,345.00 86944BAF0 SUTTER HLTH 1.321 08/15/25 '25 874,000.00 874,000.00 USD Corporate Bonds 815,450.74 08/15/2025 826,983.17 843,742.12 06406FAE3 BONY MELLON 2.450 08/17/26 '26 MTN 2,183,000.00 2,183,000.00 USD Corporate Bonds 2,095,898.30 08/17/2026 2,102,913.20 2,125,543.44 46625HRV4 JP MORGAN 2.950 10/01/26 '26 2,000,000.00 2,000,000.00 USD Corporate Bonds 1,945,840.00 10/01/2026 1,947,840.63 1,959,180.00 06406RAN7 BONY MELLON 1.600 04/24/25 '25 MTN 1,000,000.00 1,000,000.00 USD Corporate Bonds 1,018,368.00 04/24/2025 1,012,682.67 983,140.00 023135CG9 AMAZON.COM 3.450 04/13/29 '29 1,500,000.00 1,500,000.00 USD Corporate Bonds 1,446,375.00 04/13/2029 1,448,281.25 1,477,980.00 30303M8G0 META PLATFORMS 3.500 08/15/27 '27 1,500,000.00 1,500,000.00 USD Corporate Bonds 1,465,755.00 08/15/2027 1,467,609.42 1,487,655.00 166756AR7 CHEVRON USA 3.850 01/15/28 '27 1,500,000.00 1,500,000.00 USD Corporate Bonds 1,481,790.00 01/15/2028 1,482,656.46 1,502,775.00 532457CP1 LILLY 4.150 08/14/27 '27 1,500,000.00 1,500,000.00 USD Corporate Bonds 1,503,225.00 08/14/2027 1,503,079.51 1,514,085.00 037833ET3 APPLE 4.000 05/10/28 '28 1,500,000.00 1,500,000.00 USD Corporate Bonds 1,496,805.00 05/10/2028 1,496,944.22 1,516,530.00 437076DB5 HOME DEPOT 4.875 06/25/27 '27 1,500,000.00 1,500,000.00 USD Corporate Bonds 1,520,715.00 06/25/2027 1,519,503.60 1,538,415.00 69371RS80 PACCAR 4.600 01/31/29 MTN 1,500,000.00 1,500,000.00 USD Corporate Bonds 1,510,230.00 01/31/2029 1,509,856.42 1,538,745.00 3140LCLV1 FN BS2139 1,000,000.00 996,781.56 USD MBS 891,340.76 07/01/2028 895,484.40 906,897.48 3140HRBM4 FN BL0043 2,000,000.00 1,802,085.46 USD MBS 1,768,014.79 10/01/2028 1,769,142.21 1,765,310.61 3137BP4K2 FH-KIR1-A2 2,500,000.00 2,500,000.00 USD MBS 2,438,325.00 03/25/2026 2,442,032.24 2,451,143.35 3132XGY34 FH WN2529 2,745,000.00 2,745,000.00 USD MBS 2,745,000.00 12/01/2028 2,745,000.00 2,786,897.29 13034AL81 CALIFORNIA INFRASTRUCTURE & 1.235 10/01/27 1,000,000.00 1,000,000.00 USD Municipal Bonds 909,700.00 10/01/2027 914,093.40 924,427.00 13063DC48 CALIFORNIA STATE 1.700 02/01/28 1,050,000.00 1,050,000.00 USD Municipal Bonds 969,454.50 02/01/2028 972,994.96 982,330.65 13063DMB1 CALIFORNIA STATE 3.050 04/01/29 1,530,000.00 1,530,000.00 USD Municipal Bonds 1,466,290.80 04/01/2029 1,468,318.08 1,481,951.88 010878BH8 ALAMEDA CNTY CALIF 3.599 08/01/29 1,500,000.00 1,500,000.00 USD Municipal Bonds 1,469,655.00 08/01/2029 1,470,652.64 1,484,691.00 319461DB2 ENTERPRISE BK&TR 0.400 09/30/25 '24 249,000.00 249,000.00 USD Negotiable CD's 249,000.00 09/30/2025 249,000.00 236,489.36 29278TRA0 REGIONS BANK 0.500 08/29/25 245,000.00 245,000.00 USD Negotiable CD's 245,000.00 08/29/2025 245,000.00 233,878.24 549104RJ8 LUANA SAVINGS 0.450 07/29/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 07/29/2025 250,000.00 239,532.51 58404DHQ7 MEDALLION BANK 0.550 07/30/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 07/30/2025 250,000.00 239,610.80 70212VAB4 EAGLEMARK SVNGS 0.600 06/30/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 06/30/2025 250,000.00 240,598.51 211163KK5 CONTINENTAL BK 0.550 06/26/25 175,000.00 175,000.00 USD Negotiable CD's 175,000.00 06/26/2025 175,000.00 168,500.42

Report: Balance Sheet by Position
Account: City of Hanford (446861)
As of: 09/30/2024
Identifier Security Description Original Units Current Units Currency Asset Type Original Cost Matures Book Value Market Value 06063HMT7 BK OF BARODA NY 0.650 07/22/25 198,000.00 198,000.00 USD Negotiable CD's 198,000.00 07/22/2025 198,000.00 191,311.56 48040PGX7 JONESBORO 0.800 05/29/25 '22 249,000.00 249,000.00 USD Negotiable CD's 249,000.00 05/29/2025 249,000.00 240,945.55 856283N69 SBI CHICAGO 0.950 06/26/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 06/26/2025 250,000.00 243,267.50 05600XAY6 BMO BNK 0.500 03/28/25 '23 249,000.00 249,000.00 USD Negotiable CD's 249,000.00 03/28/2025 249,000.00 244,087.23 17286TAG0 CITADEL FED CU 1.650 02/27/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 02/27/2025 250,000.00 245,708.87 61768ET78 MORGAN PVT BNK 4.350 03/13/28 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 03/13/2028 250,000.00 246,174.50 90355GLP9 UBS USA 4.350 03/13/28 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 03/13/2028 250,000.00 246,245.13 32112UDJ7 FNB MCGREGOR 1.800 12/30/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 12/30/2024 250,000.00 247,435.00 59013KEP7 MERRICK BANK 1.850 12/31/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 12/31/2024 250,000.00 247,667.50 87165HK41 SYNCHRONY BANK 0.900 12/10/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 12/10/2024 250,000.00 247,862.16 25460FDU7 DIRECT FEDERAL 4.700 11/03/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 11/03/2025 250,000.00 248,492.87 91334AAE3 UHCU 4.750 11/04/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 11/04/2025 250,000.00 248,657.45 14042RVH1 CAPITL ONE NA 4.800 11/03/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 11/03/2025 250,000.00 248,760.43 45791JAA4 INSIGHT CR UNION 4.600 05/02/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 05/02/2025 250,000.00 248,773.97 7954504Z5 SALLIE MAE BNK 1.900 10/30/24 100,000.00 100,000.00 USD Negotiable CD's 100,000.00 10/30/2024 100,000.00 99,666.00 06740KRQ2 BARCLAYS BANK DE 5.000 06/06/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 06/06/2025 250,000.00 249,328.65 33715LFK1 FIRST TECH FCU 5.100 06/16/25 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 06/16/2025 250,000.00 249,470.18 53052LAE9 LIBERTY FEDERAL 4.900 12/09/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 12/09/2024 250,000.00 249,718.37 139805AX3 CAP BANK 4.650 11/08/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 11/08/2024 250,000.00 249,756.77 740367SU2 PREFERRED BANK 5.200 12/20/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 12/20/2024 250,000.00 249,781.01 664122BN7 NORTHEAST CMNT 5.200 12/13/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 12/13/2024 250,000.00 249,794.54 06251A5Q9 BK HAPOALIM NY 5.200 12/09/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 12/09/2024 250,000.00 249,845.00 02007GN90 ALLY BANK 5.150 12/09/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 12/09/2024 250,000.00 249,854.49 44042WCG0 HORIZON BNK 4.750 11/08/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 11/08/2024 250,000.00 249,862.50 98970LFU2 ZIONS BANCORP 5.200 12/06/24 250,000.00 250,000.00 USD Negotiable CD's 250,000.00 12/06/2024 250,000.00 249,887.71 3133EMHZ8 FED FARM CR BNKS 1.125 06/01/29 '24 2,000,000.00 2,000,000.00 USD U.S. Agencies 1,754,260.00 06/01/2029 1,761,808.33 1,767,260.00 3130AKGN0 FHLBANKS 1.020 11/30/28 '24 1,650,000.00 1,650,000.00 USD U.S. Agencies 1,469,077.50 11/30/2028 1,475,612.72 1,459,144.50 3133EL5U4 FED FARM CR BNKS 1.120 09/01/28 '24 500,000.00 500,000.00 USD U.S. Agencies 447,030.00 09/01/2028 448,956.18 449,290.00 3133EMVH2 FED FARM CR BNKS 1.570 04/05/28 '24 2,000,000.00 2,000,000.00 USD U.S. Agencies 1,838,360.00 04/05/2028 1,844,427.57 1,849,820.00 3133ENSF8 FED FARM CR BNKS 2.870 03/21/29 '24 1,500,000.00 1,500,000.00 USD U.S. Agencies 1,438,260.00 03/21/2029 1,440,343.59 1,430,145.00 3130AKU61 FHLBANKS 0.750 01/27/26 2,000,000.00 2,000,000.00 USD U.S. Agencies 1,901,248.00 01/27/2026 1,911,178.37 1,914,660.00 3130APY33 FHLBANKS 1.900 12/14/26 1,000,000.00 1,000,000.00 USD U.S. Agencies 931,700.00 12/14/2026 937,740.14 959,630.00 3134GWZ82 FREDDIE MAC 0.590 10/08/25 '24 MTN 2,500,000.00 2,500,000.00 USD U.S. Agencies 2,391,160.00 10/08/2025 2,405,090.06 2,413,000.00 3130AQML4 FHLBANKS 2.000 01/27/25 '24 325,000.00 325,000.00 USD U.S. Agencies 325,000.00 01/27/2025 325,000.00 321,961.25 3130AERV4 FHLBANKS 3.125 09/12/25 2,000,000.00 2,000,000.00 USD U.S. Agencies 1,972,240.00 09/12/2025 1,975,745.05 1,981,580.00 3133ENR77 FED FARM CR BNKS 4.920 01/12/26 CALD 1,000,000.00 1,000,000.00 USD U.S. Agencies 1,000,000.00 01/12/2026 1,000,000.00 998,150.00 3130ALWW0 FEDERAL HOME LOAN BANKS 0.57 10/15/2024 1,000,000.00 1,000,000.00 USD U.S. Agencies 1,000,000.00 10/15/2024 1,000,000.00 998,260.00 3130AP4G7 FEDERAL HOME LOAN BANKS 0.5 10/04/2024 1,000,000.00 1,000,000.00 USD U.S. Agencies 1,000,000.00 10/04/2024 1,000,000.00 999,620.00

Report: Balance Sheet by Position
Account: City of Hanford (446861)
As of: 09/30/2024
Identifier Security Description Original Units Current Units Currency Asset Type Original Cost Matures Book Value Market Value 3130AWAA8 FHLBANKS 5.125 05/28/26 '24 1,000,000.00 1,000,000.00 USD U.S. Agencies 1,000,000.00 05/28/2026 1,000,000.00 999,620.00 3130AYKP0 FHLBANKS 5.000 07/18/25 CALD 1,000,000.00 1,000,000.00 USD U.S. Agencies 1,000,000.00 07/18/2025 1,000,000.00 999,800.00 3130ATXG7 FHLBANKS 5.000 12/12/24 '24 1,000,000.00 1,000,000.00 USD U.S. Agencies 1,000,000.00 12/12/2024 1,000,000.00 999,840.00 3134GYJ29 FREDDIE MAC 5.150 02/14/25 '24 MTN 1,000,000.00 1,000,000.00 USD U.S. Agencies 1,000,000.00 02/14/2025 1,000,000.00 1,000,410.00 3130B2CF0 FHLBANKS 4.500 08/12/25 1,000,000.00 1,000,000.00 USD U.S. Agencies 999,985.00 08/12/2025 999,987.05 1,001,820.00 3130AUU36 FHLBANKS 4.125 03/13/26 1,500,000.00 1,500,000.00 USD U.S. Agencies 1,500,670.49 03/13/2026 1,500,607.24 1,505,145.00 3133ERPR6 FED FARM CR BNKS 3.875 11/15/27 1,500,000.00 1,500,000.00 USD U.S. Agencies 1,498,350.00 11/15/2027 1,498,415.33 1,509,705.00 3130AWKM1 FHLBANKS 4.750 12/12/25 2,255,000.00 2,255,000.00 USD U.S. Agencies 2,268,484.90 12/12/2025 2,267,001.84 2,275,249.90 3133EPC37 FED FARM CR BNKS 4.875 11/13/25 1,500,000.00 1,500,000.00 USD U.S. Agencies 1,510,088.22 11/13/2025 1,508,909.08 1,513,950.00 3130AWTQ3 FHLBANKS 4.625 09/11/26 1,000,000.00 1,000,000.00 USD U.S. Agencies 1,009,590.00 09/11/2026 1,008,842.73 1,017,490.00 3130AVBC5 FHLBANKS 4.500 03/12/27 500,000.00 500,000.00 USD U.S. Agencies 502,795.44 03/12/2027 502,570.65 509,440.00 9128284V9 US TREASURY 2.875 08/15/28 1,500,000.00 1,500,000.00 USD U.S. Treasuries 1,446,093.75 08/15/2028 1,447,899.22 1,461,679.70 9128284M9 US TREASURY 2.875 04/30/25 1,500,000.00 1,500,000.00 USD U.S. Treasuries 1,467,150.00 04/30/2025 1,476,016.09 1,487,578.13 912797LC9 US TREASURY BILL 11/07/24 1,500,000.00 1,500,000.00 USD U.S. Treasuries 1,480,709.90 11/07/2024 1,492,156.78 1,492,784.03 91282CHB0 US TREASURY 3.625 05/15/26 500,000.00 500,000.00 USD U.S. Treasuries 496,152.34 05/15/2026 496,474.47 499,257.82 91282CGV7 US TREASURY 3.750 04/15/26 1,500,000.00 1,500,000.00 USD U.S. Treasuries 1,493,906.25 04/15/2026 1,494,459.33 1,499,882.82 91282CGC9 US TREASURY 3.875 12/31/27 1,500,000.00 1,500,000.00 USD U.S. Treasuries 1,500,878.91 12/31/2027 1,500,843.36 1,514,414.07 91282CHK0 US TREASURY 4.000 06/30/28 1,500,000.00 1,500,000.00 USD U.S. Treasuries 1,509,140.63 06/30/2028 1,508,818.32 1,522,500.00 91282CKJ9 US TREASURY 4.500 04/15/27 1,500,000.00 1,500,000.00 USD U.S. Treasuries 1,523,964.84 04/15/2027 1,522,996.31 1,532,695.32 91282CKR1 US TREASURY 4.500 05/15/27 1,500,000.00 1,500,000.00 USD U.S. Treasuries 1,524,726.56 05/15/2027 1,523,757.38 1,533,867.20 --- --- 124,995,961.02 124,794,828.04 USD --- 122,609,909.84 --- 122,787,554.78 123,129,112.42 Tulare County Investment Pool 1,149,142.89
Investments at Wells Fargo Brokerage 255,813.48
* Weighted by: Market Value 124,014,866.21
* Holdings Displayed by: Position

14.A.

AGENDA

STAFF REPORT

MEETING DATE: 11/19/2024 AGENDA SECTION: GENERAL BUSINESS

SUBJECT:

Approval of the City's formal Temporary Street Closure Permit policy to ensure safe, organized, and efficient temporary street closures for community events, including block parties and neighborhood gatherings. This policy provides a clear process for residents and organizations to apply for and receive permission to temporarily close streets, ensuring proper planning, coordination, and notification for each event.

RECOMMENDATION:

Recommendation: That the City Council, by motion, Review and Approve the City's formal Temporary Street Closure Permit policy.

Recommended Motion:

BACKGROUND:

The City of Hanford is attempting to streamline its approach to managing temporary street closures for community events by formalizing its permit process. Previously, the Hanford Police Department oversaw these closures, but a recent review between the Public Works and Police Departments highlighted the need for a standardized, transparent policy to better serve both the city and residents.

Under the new policy, all permits for temporary street closures will be submitted directly to the Public Works Department. This centralized process aims to simplify approval and ensure that necessary conditions are met efficiently. Once a permit is approved, the Public Works Department will notify all relevant agencies, following the same protocol used for other scheduled and unscheduled street closures.

This change is expected to create a more organized and consistent process for residents and officials involved in community events, enhancing communication and coordination across city departments.

The cost of a temporary street closure permit has been established at $75.00. This fee would serve as cost recovery for staff time.

FISCAL IMPACT:

No fiscal impact to the City budget.

ATTACHMENTS:

1. Draft Temporary Street Closure Permit

Council Future Agenda Items
Originated
Date Item Originator Staff Lead Date Estimate
8/6/2024 Presentation to the City Council
regarding the next steps in the process
for the Hidden Valley Park expansion
and more detail related to the chosen
Concept #5
Council
Direction
Various Staff 12/3/2024
10/1/2024 Presentation to the City Council of a
comprehensive needs analysis of the
City’s Historic Buildings and options for
future uses and possible funding
mechanisms
Council
Direction
Various Staff 1/21/2025
11/7/2024 Discussion of future changes to Council
Compensation as allowed under SB329
and funding for Council attendance at
civic functions.

City Manager Mario
Cifuentez
1/21/2025