Agenda packet — Imperial Beach City Council, December 3, 2025 (part 1 of 3)

City Council Agenda
Regular Meeting - 6:00 p.m.

Wednesday, December 3, 2025
Council Chambers
825 Imperial Beach Boulevard
Imperial Beach, CA 91932

THE CITY COUNCIL ALSO SITS AS THE IMPERIAL BEACH PLANNING COMMISSION, PUBLIC

FINANCING AUTHORITY, HOUSING AUTHORITY, AND IMPERIAL BEACH REDEVELOPMENT AGENCY SUCCESSOR AGENCY.

Public Comments: Members of the public can participate in-person at the City Council meeting to provide public comments. Members of the public can also submit written comments prior to the City Council meeting via e-mail at: [email protected]. Written comments received by noon on the day of the City Council meeting, that are within the subject matter jurisdiction of the City of Imperial Beach, will be provided to the City Council and be made available to the public at the City Council meeting. They will be part of the official record of the meeting, but they will not be read aloud at the meeting. Members of the public who wish to watch City Council meetings, are encouraged to stream from the City website's at:
https://www.imperialbeachca.gov/129/Agendas-Minutes.

In compliance with the Americans with Disabilities Act, the City of Imperial Beach requests that individuals who require reasonable accommodation to fully participate in this meeting contact the City Clerk’s office at (619) 628-2347 or TTY 711 as soon as possible during regular business hours and not later than at least twelve (12) hours in advance of the meeting to discuss your accessibility needs.

Foreign language and American Sign Language interpretation services are now available for City Council meetings. Contact the City Clerk’s office at (619) 628-2347 or TTY 711 by noon on Monday prior to the meeting.

Any disclosable public records provided to a majority of the City Council/Planning Commission/Public Financing Authority/Housing Authority/I.B. RDA Successor Agency regarding any open session item on this agenda will be available for public inspection at the following designated locations: Office of the City Clerk, located at 825 Imperial Beach Blvd., Imperial Beach, CA 91932 and on the City's website at:
https://www.imperialbeachca.gov/129/Agendas-Minutes.

Pages

1. CALL TO ORDER

2. ROLL CALL

3. PLEDGE OF ALLEGIANCE

4. REIMBURSEMENT DISCLOSURES/REPORTS ON ASSIGNMENTS AND

COMMITTEES
All City Council assignments are available for review in the City Clerk’s Office.

5. COMMUNICATIONS FROM CITY STAFF

6. PUBLIC COMMENT
Each person wishing to address the City Council regarding items not on the posted agenda may do so at this time. In accordance with State law, Council may not take action on an item not scheduled on the agenda. If appropriate, the item will be referred to the City Manager or placed on a future agenda.

7. PRESENTATIONS

7.a RECOGNITION OF FIRE PREVENTION POSTER CONTEST WINNERS FOR 2025. (0410-30)*
*No staff report

8. CONSENT CALENDAR
All matters listed under Consent Calendar are considered to be routine by the City Council and will be enacted by one motion. There will be no separate discussion of these items, unless the item is removed from the Consent Calendar by action of the City Council. A Councilmember or member of the public may make a comment on any item on the Consent Calendar.

Recommendation:

To approve Consent Calendar Item Nos. 8.a through 8.n.

8.a APPROVAL OF CITY COUNCIL MEETING MINUTES. 7
Recommendation:

That the City Council approves the Regular Meeting Minutes of October 1, 2025.

8.b RATIFICATION OF WARRANT REGISTER FOR THE PERIOD FROM NOVEMBER 7, 2025 TO NOVEMBER 20, 2025. (0300-25)
15 Recommendation:

Staff is seeking that the City Council ratify and file the Warrant Register Report.

8.c RECEIVE TREASURER’S REPORT FOR OCTOBER 2025. (0300-90) 34 Recommendation:

Staff recommends that the City Council receive and file the October 2025 Treasurer's Report.

Page 2 of 354 ends

8.d RESOLUTION 2025-068 CONTINUING THE PROCLAMATION OF A STATE

OF LOCAL EMERGENCY RELATING TO IMPACTS FROM CROSS-BORDER POLLUTION IN THE TIJUANA RIVER. (0150-40 & 0210-26)
58 Recommendation:

Adopt Resolution No. 2025-068 to maintain a state of local emergency related to the cross-border pollution impacts from the Tijuana River and authorize the City Manager, Mayor, and Council members to work with local, State, Federal, and Mexican authorities to advance binational projects to improve conditions in the Tijuana River.

8.e APPROVAL OF RESOLUTION NO. 2025-067 PURSUANT TO PUBLIC CONTRACTS CODE SECTION 22050 FINDING THE CONTINUED

EXISTENCE OF AN EMERGENCY DUE TO THE FAILURE OF SEWER
PUMPS AT PUMP STATION NO. 8. (0830-35)
63 Recommendation:

Adopt Resolution No. 2025-067 to continue the existence of the emergency and ratify actions taken in furtherance of the emergency.

8.f RESOLUTION 2025-064 APPROVING THE CALENDAR AND SETTING THE TIME FOR REGULAR CITY COUNCIL MEETINGS FOR 6:00 P.M. FOR THE YEAR 2026. (0410-95)
68 Recommendation:

That the City Council adopts Resolution 2025-064 approving the meeting calendar (Exhibit A to Resolution No. 2025-064) and setting the time for Regular City Council meetings for 6:00 p.m. for the year 2026.

8.g LOCAL APPOINTMENTS LIST. (0460-45) 72
Recommendation:

That the City Council approves the Local Appointments List in compliance with California Government Code §54972 and directs staff to post a copy of the list on the City’s Internet Web site in compliance with California Government Code §54973.

8.h RESOLUTION NO. 2025-065 AUTHORIZING A ROTH PROVISION TO THE CITY’S EXISTING 457 (B) DEFERRED COMPENSATION PLAN WITH MISSION SQUARE RETIREMENT. (0520-70)
76 Recommendation:

Staff recommends the City Council adopt Resolution No. 2025-065 authorizing the City Manager or designee to add a Roth provision to the existing 457 (b) deferred compensation retirement plan with Mission Square Retirement.

8.i NOTIFICATION OF TRAVEL: COUNCILMEMBER NAKAWATASE TO ATTEND THE 2026 LEAGUE OF CALIFORNIA CITIES NEW MAYORS AND

COUNCILMEMBERS ACADEMY IN SACRAMENTO, CALIFORNIA, JANUARY 21-23, 2026. (0410-60)
81 Recommendation:

That the City Council authorize Councilmember Nakawatase to attend the 2026 League of California Cities (Cal Cities) Annual New Mayors and Councilmembers Academy in Sacramento, California, from January 21-23, 2026, and approve the expenditure of necessary funds for such participation.

Page 3 of 354 ends

8.j APPROVAL OF RESOLUTION NO. 2025-070 PURSUANT TO PUBLIC CONTRACTS CODE SECTION 22050 FINDING THE CONTINUED

EXISTENCE OF AN EMERGENCY DUE TO AN EMERGENCY SEWER LINE REPAIRS. (0830-30)
82 Recommendation:

Adopt Resolution No. 2025-070 to continue the existence of the emergency and ratify actions taken in furtherance of the emergency.

8.k RESOLUTION NO. 2025-069 AUTHORIZING A BUDGET ALLOCATION TO INCREASE THE AMOUNT FOR THE PUMP STATION #5 AND #7
REHABILITATION PROJECT (W21107). (0830-35)
86 Recommendation:

Adopt Resolution No. 2025-069 authorizing a budget allocation of an additional $80,000.

8.l EXTENSION OF TERMS OF OFFICE FOR MEMBERS ON THE DESIGN REVIEW BOARD AND TIDELANDS ADVISORY COMMITTEE. (0120-30 & 0120-90)
89 Recommendation:

Staff recommends that the City Council extend the terms of office for the following members: DRB Members Miguel Beltran, Chelsea Grace, and Lance Rogers; and TAC Members Joe Ellis and Tiffany Lavan through January 31, 2026, or until the vacant seats on the DRB and TAC are filled, whichever occurs first.

8.m RESO. NO. 2025-066 & RESO. NO. SA-25-98 APPROVING LOAN

AGREEMENT BETWEEN CITY OF IMPERIAL BEACH AND IMPERIAL

BEACH REDEVELOPMENT AGENCY SUCCESSOR AGENCY IN ORDER

FOR SUCCESSOR AGENCY TO PAY CERTAIN ENFORCEABLE
OBLIGATIONS & ADMINISTRATIVE COSTS. (0418-50)
90 Recommendation:

Staff recommends that the City adopt City Council Resolution No. 2025-066 and the Successor Agency adopt Resolution No. SA-25-98, each approving the proposed Loan Agreement between the City and the Successor Agency in order for the Successor Agency to pay certain enforceable obligations and administrative costs.

8.n RESOLUTION NOS. SA-25-99 & SA-25-100 OF THE IB RDA SUCCESSOR

AGENCY APPROVING THE ADMINISTRATIVE BUDGET & THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 26-27) FOR THE 12-MONTH PERIOD 07-01-2026 THROUGH 06-30-2027 AND APPROVING RELATED ACTIONS.(0418-50)
110
Recommendation:

Staff recommends that the Successor Agency adopt Resolution No. SA-25-99 approving the Administrative Budget for the period from July 1, 2026 through June 30, 2027, and adopt Resolution No. SA-25-100 approving the ROPS 26- 27 for the period from July 1, 2026 through June 30, 2027, and approve related actions.

9. ORDINANCES/INTRODUCTION & FIRST READING

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9.a PUBLIC HEARING AND INTRODUCTION OF ORDINANCE NOS. 2025-1258 AND 2025-1259 TO APPROVE CLERICAL REVISIONS TO THE

PREVIOUSLY APPROVED LOCAL COASTAL PROGRAM AMENDMENT
AND RELATED ZONING ORDINANCE UPDATES. (0660-95)
133
Recommendation:

That the City Council hold the public hearing to consider the public input on the item and introduce Ordinance No. 2025-1258 and 2025-1259 by title only and waive further reading of the ordinances and set the matter for its second reading and adoption at the next regularly scheduled City Council meeting.

9.b ORD. NO. 2025-1257 & RESO. NO. 2025-063 PROVIDING NOTICE OF

INTENT TO APPROVE AMENDMENT TO RETIREMENT CONTRACT

BETWEEN BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (CalPERS) & CITY OF IMPERIAL BEACH, CALIFORNIA. (0520-70)
195
Recommendation:

Staff is recommending that the City Council:

Introduce Ordinance No. 2025-1257 by title only and waive future reading and set the matter for adoption at the City Council meeting on January 21, 2026; and

1. Adopt Resolution of Intention No. 2025-063 providing the Board of Administration of the California Public Employees’ Retirement System (CalPERS) a notice of intent to approve an amendment to the retirement contract to include cost sharing for classic local miscellaneous members, classic local fire members, and classic local ocean beach lifeguard members.

2. 10. PUBLIC HEARINGS
See Item No. 9.a.

11. REPORTS

11.a REVIEW OF FISCAL YEAR 2024-25 AUDITED FINANCIAL STATEMENTS AND RELATED DOCUMENTS AND RESOLUTION NO. 2025-059

AUTHORIZING THE ALLOCATION OF FUND BALANCE AND

AUTHORIZING NECESSARY ASSIGNMENTS, TRANSFERS, AND BUDGET AMENDMENTS. (0412-50 & 0310-90)
210
Recommendation:

City Council and Board(s) receive and file the Fiscal Year 2024-25 City of Imperial Beach Audited Financial Statements and related documents.

1. Adopt Resolution No. 2025-059 authorizing the allocation of fund balance and authorizing necessary assignments, transfers, and budget amendments.

2. 11.b DESIGNATION OF MAYORAL AND CITY COUNCIL ASSIGNMENTS REQUIRING ELECTED OFFICIAL REPRESENTATION FOR 2026. (0410-50) 351
Recommendation:

Staff recommends that the City Council consider the proposal of the Mayor for City Council assignments for 2026.

Page 5 of 354 ends

12. I.B. REDEVELOPMENT AGENCY SUCCESSOR AGENCY REPORTS
See Consent Calendar Item Nos. 8.m and 8.n.

13. ITEMS PULLED FROM THE CONSENT CALENDAR (IF ANY)

14. CITY COUNCIL FUTURE AGENDA REQUESTS

15. ADJOURN REGULAR MEETING

Page 6 of 354 ends

P a g e | 1
December 3, 2025
ITEM TITLE: APPROVAL OF CITY COUNCIL MEETING MINUTES.

ORIGINATING DEPARTMENT:

City Clerk
RECOMMENDATION:

That the City Council approves the Regular Meeting Minutes of October 1, 2025.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

No fiscal impact associated with this report.

ATTACHMENTS:

ATT 1- 10-01-2025 Meeting Minutes_DRAFT

Page 7 of 354 ends

Attachment 1

CITY OF IMPERIAL BEACH

CITY COUNCIL

REGULAR MEETING MINUTES
October 1, 2025, 6:00 p.m.

Council Chambers
825 Imperial Beach Boulevard
Imperial Beach, CA 91932

Present: Mayor McKay, Mayor Pro Tem Seabury, Councilmember Fisher, Councilmember Leyba-Gonzalez
Staff: City Manager Foltz, Chief Administrative Officer Cortez-Martinez, City Attorney Lyon, City Clerk Kelly, Building Official Huddleston, Fire Marshal Santos
The City Council also sits as the Imperial Beach Planning Commission, Public Financing Authority, and Imperial Beach Redevelopment Agency Successor Agency. _____________________________________________________________________

1. CALL TO ORDER
Mayor McKay called the Regular Meeting to order at 6:00 p.m.

2. ROLL CALL
City Clerk Kelly took roll.

3. PLEDGE OF ALLEGIANCE
Councilmember Fisher led the Pledge of Allegiance.

4. REIMBURSEMENT DISCLOSURES/REPORTS ON ASSIGNMENTS AND COMMITTEES Councilmember Leyba-Gonzalez
 Dante Longo Memorial Gym Ribbon Cutting Ceremony at Pier Plaza  San Diego Air Cooled Fiesta Car Show
Councilmember Fisher
 Dante Longo Memorial Gym Ribbon Cutting Ceremony at Pier Plaza  San Diego Air Cooled Fiesta Car Show
 San Diego Community Power Board Meeting
 SANDAG Board of Directors Meeting
 Symphony by the Sea
 SANDAG Audit Committee is seeking a member of the public to serve on the committee

Page 8 of 354 ends

2 Mayor Pro Tem Seabury
 Southwestern College Student Union Ribbon Cutting Ceremony  Scotty B's Ribbon Cutting Ceremony
 San Diego Navy Seal Museum Opening Day
 A reception hosted by Captain Jacobi at the Naval Amphibious Base in Coronado  United States Navy Flag Raising
Mayor McKay
 Dante Longo Memorial Gym Ribbon Cutting Ceremony at Pier Plaza  San Diego Air Cooled Fiesta Car Show
 IB Chamber of Commerce Breakfast
 Symphony by the Sea
 United States Navy Flag Raising
 South County Mayors and City Managers Meeting

5. COMMUNICATIONS FROM CITY STAFF
City Manager Foltz informed the City Council and the public that staff is aware of the concerns regarding the 9
th Street Improvement Project. Staff will be reviewing traffic data, public concerns, and technical studies to determine next steps.

6. PUBLIC COMMENT
Written comments provided by Sandra Brillhart and Toni Trinidad.

Mary Davis spoke on anti-discrimination.

Edward Brakmanis would like to promote a positive image for Imperial Beach.

Martin Mattes provided updates from the Imperial Beach Chamber of Commerce.

Jarrod Caswell expressed traffic safety concerns.

Mary Hensley called for freedom from harassment regarding political stances.

Truth shared county updates that could affect Imperial Beach.

Ignacio Martinez expressed support for free speech and articulated the need to focus on important community issues.

7. PRESENTATIONS

7.a PROCLAMATION CELEBRATING FILIPINO AMERICAN HISTORY MONTH. (0410-30) Motion by Mayor Pro Tem Seabury
Seconded by Councilmember Fisher
To approve the Proclamation.

AYES (4): Mayor McKay, Mayor Pro Tem Seabury, Councilmember Fisher, Councilmember Leyba-Gonzalez
Motion Carried (4 to 0

Page 9 of 354 ends

3 Mayor Pro Tem Seabury read the proclamation.

No public comments.

Mayor McKay presented the Proclamation to members of the Filipino American Chamber of Commerce.

7.b PROCLAMATION CELEBRATING INDIGENOUS PEOPLES’ DAY. (0410-30) Motion by Councilmember Fisher
Seconded by Mayor Pro Tem Seabury
To approve the Proclamation.

AYES (4): Mayor McKay, Mayor Pro Tem Seabury, Councilmember Fisher, Councilmember Leyba-Gonzalez
Motion Carried (4 to 0)
Mayor McKay read the proclamation
Public Comments:

Truth shared her experience at the grand opening of a new American Indian-owned business
Mayor Pro Tem Seabury stated that San Diego County has the largest number of Indian Tribes, with eighteen reservations and seventeen federally recognized Tribal Nations.

Mayor McKay presented the Proclamation to Bobby Wallace from the Barona Band of Mission Indians of the Kumeyaay Nation.

Bobby Wallace conveyed that he was honored to accept the proclamation and will share it with his people.

8. CONSENT CALENDAR
Motion by Councilmember Fisher
Seconded by Mayor Pro Tem Seabury
To approve Consent Calendar Item Nos. 8.a through 8.c.

AYES (4): Mayor McKay, Mayor Pro Tem Seabury, Councilmember Fisher, Councilmember Leyba-Gonzalez
Motion Carried (4 to 0)

8.a RATIFICATION OF WARRANT REGISTER FOR THE PERIOD FROM SEPTEMBER 5, 2025 TO SEPTEMBER 18, 2025. (0300-25)
City Council ratified and filed the Warrant Register Report.

8.b RESOLUTION 2025-050 TO ACCEPT AND APPROPRIATE $90,000 IN GRANT FUNDS

FROM THE CALIFORNIA OFFICE OF TRAFFIC SAFETY FOR A PEDESTRIAN AND

Page 10 of 354 ends

4 BICYCLE SAFETY PROGRAM AND APPROVE AN AGREEMENT WITH CIRCULATE SAN DIEGO TO ADMINISTER THE PROGRAM. (0390-86)
Approved Resolution No. 2025-050 which would approve the grant agreement between the City of Imperial Beach and the California Office of Traffic Safety, accept and appropriate $90,000 in grant funds for the Pedestrian and Bicycle Safety Program, and to approve an agreement with WalkSanDiego, doing business as Circulate San Diego, to administer the Pedestrian and Bicycle Safety Program.

8.c RESOLUTION 2025-051 CONTINUING THE PROCLAMATION OF A STATE OF LOCAL

EMERGENCY RELATING TO IMPACTS FROM CROSS-BORDER POLLUTION IN THE TIJUANA RIVER. (0150-40 & 0210-26)
Approved Resolution No. 2025-051 to maintain a state of local emergency related to the cross-border pollution impacts from the Tijuana River and authorize the City Manager, Mayor, and Council members to work with local, State, Federal, and Mexican authorities to advance binational projects to improve conditions in the Tijuana River.

9. ORDINANCES/INTRODUCTION & FIRST READING
None

10. PUBLIC HEARINGS

10.a SECOND READING AND ADOPTON OF ORDINANCE 2025-1256 TO ADOPT THE CALIFORNIA CODE OF REGULATIONS, TITLE 24 PARTS 1 THROUGH 12 WITH APPENDICES, 2025 EDITION WITH AMENDMENTS, ADDITIONS, AND DELETIONS RELATED TO THE CALIFORNIA BUILDING STANDARDS CODE. (0250-95 Mayor McKay declared the public hearing open.

Building Official Huddleston and Fire Marshal Santos gave a PowerPoint presentation on the item.

No public comments.

No City Council discussion.

City Clerk Kelly read the title of the Ordinance.

Motion by Councilmember Fisher
Seconded by Mayor Pro Tem Seabury
To waive further reading and adopt Ordinance No. 2025-1256.

AYES (4): Mayor McKay, Mayor Pro Tem Seabury, Councilmember Fisher, Councilmember Leyba-Gonzalez
Motion Carried (4 to 0)

Page 11 of 354 ends

5 11. REPORTS

11.a SECOND ROUND INTERVIEWS OF CITY COUNCIL APPLICANTS WITH DISCUSSION

AND POSSIBLE ACTION TO MAKE APPOINTMENT TO FILL VACANCY IN CITY COUNCIL POSITION, DISTRICT 3. (0410-40)
City Manager Foltz gave a PowerPoint presentation on the item.

Applicant Interviews:

The order of interviews was determined by random draw as follows: Mariko Nakawatase and Brian Patrick Bilbray.

Public comments:

Abigail Ontiveros spoke in support of Mariko Nakawatase.

Xander Ramirez spoke in support of Mariko Nakawatase.

Roberto Quezada spoke in support of Mariko Nakawatase.

Ignacio Martinez spoke in support of Brian Patrick Bilbray.

Eileen Henot questioned residency of Mariko Nakawatase.

Cythnia Kaui spoke in support of Mariko Nakawatase.

Truth made positive comments for Mariko Nakawatase and expressed disappointment for Brian Patrick Bilbray's responses.

Lorie Bragg spoke in support of Mariko Nakawatase.

Mayor McKay announced 12 emails were submitted as last minute agenda information expressing support or opposition for various candidates. Additionally, the withdrawal of their applications was included by both Betty Sanchez Blevins and John Keating, and Mariko Nakawatase provided documents she would reference during her interviews.

Written comments were received from Brittany Walk, James C. Janney, Mark Williams, Sandra Brillhart, Dave Nearing, Anne Pilgram, Taco Corona, Mehri Sadri, Jared Rapoza, Lynne Fischer, Corey Emerson, David Martinez, and John Keating.

Councilmember Fisher expressed his gratitude for the applicants.

Mayor Pro Tem Seabury spoke on how they are both fine candidates.

Mayor McKay thanked the final candidates and everyone that has shown their support for them.

The Mayor and City Council each submitted their top preference to the City Clerk for tabulation.

Mayor McKay called for a recess at 7:48 p.m. and reconvened the meeting at 7:56 p.m. with all Councilmembers present.

Page 12 of 354 ends

6 Mayor McKay asked the City Clerk to reveal the tally.

City Clerk Kelly announced the following results:

Name Vote
Councilmember Leyba-Gonzalez None
Councilmember Fisher Brian Bilbray
Mayor Pro Tem Seabury Mariko Nakawatase
Mayor McKay Mariko Nakawatase
City Council discussed the two finalists. There was agreement that both candidates were highly qualified but brought different types of experience. There was a desire for a candidate with prior City Council experience while other Councilmembers favored selecting a candidate with recent active community engagement. It was noted that the appointment would last approximately 12 months, with all candidates eligible to run in the 2026 election.

Motion by Mayor Pro Tem Seabury
Seconded by Councilmember Fisher
To appoint Mariko Nakawatase to fill the Vacancy in City Council Position, District 3 and to hold the Oath of Office on October 15, 2025.

AYES (3): Mayor McKay, Mayor Pro Tem Seabury, Councilmember Fisher NOES (1): Councilmember Leyba-Gonzalez
Motion Carried (3 to 1)

12. I.B. REDEVELOPMENT AGENCY SUCCESSOR AGENCY REPORTS
None.

13. ITEMS PULLED FROM THE CONSENT CALENDAR (IF ANY)
None.

14. CITY COUNCIL FUTURE AGENDA REQUESTS
None.

15. ADJOURN REGULAR MEETING
Mayor McKay adjourned the Regular Meeting at 8:06 p.m.

Page 13 of 354 ends

7 Jacqueline M. Kelly, MMC
City Clerk
Mitchell D. McKay
Mayor

Page 14 of 354 ends

December 3, 2025
ITEM TITLE: RATIFICATION OF WARRANT REGISTER FOR THE PERIOD FROM NOVEMBER 7, 2025 TO NOVEMBER 20, 2025. (0300-25)
ORIGINATING DEPARTMENT:

Finance
EXECUTIVE SUMMARY:

Staff is recommending that the City Council ratify the accompanying Warrant Register for the period from November 7, 2025, to November 20, 2025, in the amount of $2,904,891.51.

RECOMMENDATION:

Staff is seeking that the City Council ratify and file the Warrant Register Report.

OPTIONS:
 Receive and file the report from the City Manager.
 Provide direction to the City Manager to take a specific action.  Request additional information and an additional report.

BACKGROUND/ANALYSIS:

The City of Imperial Beach issues accounts payable and payroll disbursements on a regular basis and presents it to the City Council for ratification at its next regularly scheduled meeting. The attached Warrant Register containing checks and electronic funds transfers for the period from November 7, 2025, to November 20, 2025, in the amount of $2,904,891.51, is being presented for ratification by the City Council. Payments have been reviewed and approved by the appropriate department staff. The Finance Director or designee certifies the accuracy of the attached register and the availability of funds for payment.

Warrants above $100,000 have been highlighted and explained in the table below:

VENDOR CHECK DESCRIPTION AMOUNT

COMPUTERSHARE

TRUST COMPANY
DFT0010269 2020 TAX ALLOCATION REFUNDING

BONDS INTEREST
$ 274,927.91

COMPUTERSHARE

TRUST COMPANY
DFT0010270 2022 TAX ALLOCATION REFUNDING

BONDS INTEREST
181,000.00

CITY OF SAN
DIEGO
CK106339 FY26 - Q1 MUNICIPAL SEWER
TRANSPORTATION & Q2 METRO

SEWER SYSTEM
1,032,552.47

SAN DIEGO

COUNTY SHERIFF
CK106361 SEP 2025 SHERIFF SERVICES 716,478.25

Page 15 of 354 ends

The following registers are submitted for Council ratification:

Accounts Payable:

DATE CHECK NUMBER AMOUNT(S)
11/13/2025 CK106293-CK106331 $ 133,880.63
11/20/2025 CK106332-CK106375 1,891,568.60
Sub-Total $ 2,025,449.23
Total reflected in the attached Expense Approval Report: $ 2,661,245.61 Check Reversals/Voids:

DATE CHECK/EFT NUMBER AMOUNT(S)
N/A $ N/A
Sub-Total $ N/A
Payroll Checks/Direct Deposits

DATE CHECK/EFT NUMBER AMOUNT(S)
11/20/2025 CK49327; EFT0000249 $ 243,645.90
Sub-Total $ 243,645.90
TOTAL: $ 2,904,891.51
ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL ANALYSIS:

Warrants are issued from budgeted funds and there is no additional impact on reserves.

ATTACHMENTS:

ATT 1 - Expense Approval Report – 11.07.2025 – 11.20.2025

DATE EFT/DRAFT NUMBER AMOUNT(S)
11/7/2025
1879-83; DFT0010197; DFT0010200-19; DFT0010221-24;
DFT0010226 $ 179,376.08
11/14/2025 DFT0010268 234.98
11/18/2025 DFT0010269-70 455,927.91
11/20/2025 DFT0010271 257.41
Sub-Total $ 635,796.38

Page 16 of 354 ends

11/21/2025 4:11:29 PM Page 1 of 17
Expense Approval Report
Imperial Beach, CA By (None)
Payment Dates 11/7/2025 - 11/20/2025
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount FORESTERS 529 PLAN PPE 50.00
10/30/25
11/07/2025 1879 FORESTERS INVESTOR SERVI… PPE 10-30-2025 101-0000-209.0122 11/07/2025 1880 I B FIREFIGHTERS ASSOCIATI… IBFA DUES ACH PPE 10/30/25 PPE 10-30-2025 101-0000-209.0108 440.00 11/07/2025 1881 ICMA RETIREMENT TRUST 457 ICMA % PPE 10/30/25 PPE 10-30-2025 101-0000-209.0110 1,106.06 11/07/2025 1881 ICMA RETIREMENT TRUST 457 ICMA CITY-PAID PPE 10/30/25 PPE 10-30-2025 (2) 101-0000-209.0110 2,949.71 11/07/2025 1881 ICMA RETIREMENT TRUST 457 ICMA FIXED PPE 10/30/25 PPE 10-30-2025 (3) 101-0000-209.0110 4,210.25 11/07/2025 1881 ICMA RETIREMENT TRUST 457 ICMA NET PAY PPE 10/30/25 PPE 10-30-2025 (4) 101-0000-209.0110 1,622.55 SEIU DUES ACH PPE 10/30/25 -30.60
PP CREDIT - A. HERRERA
11/07/2025 1882 SEIU LOCAL 221 PPE 10-30-2025 101-0000-209.0108 11/07/2025 1882 SEIU LOCAL 221 SEIU DUES ACH PPE 10/30/25 PPE 10-30-2025 101-0000-209.0108 1,170.34 11/07/2025 1882 SEIU LOCAL 221 SEIU COPE ACH PPE 10/30/25 PPE 10-30-2025 COPE 101-0000-209.0108 10.00 11/07/2025 1883 US BANK PARS ACH PPE 10/30/25 PPE 10-30-2025 101-0000-209.0120 2,091.44 PHOTO SRVCS - DIA DE 300.00

MUERTOS EVENT
11/13/2025 106293 ALEXANDRA UZARRAGA GO… 1002 101-6014-451.2808 11/13/2025 106294 AMAZON CAPITAL SERVICES, …MOWER BLADES - PW 11MF-WRGC-HC6M 101-6020-452.2801 34.64 COFFEE FILTERS, COFFEE 66.76

MACHINE PARTS
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 14MF-MXYH-KHP3 101-3020-422.3002 TAPE, WIPES, SPRAY, STICKY 75.67
NOTES (3) - FINANCE
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 14NC-YT1C-9JLG 101-1210-413.3001 11/13/2025 106294 AMAZON CAPITAL SERVICES, …OFFICE SUPPLIES - PW 14RD-PQCX-KW4K 101-5020-432.3001 145.31 11/13/2025 106294 AMAZON CAPITAL SERVICES, …BED LINER FOR TRUCK 619 14T7-4RGX-69WD 501-1921-419.2816 294.70 11/13/2025 106294 AMAZON CAPITAL SERVICES, …SINK BUTTON ACTUATOR 14VQ-TDLV-MY1J 101-6020-452.2801 245.67 PARTS FOR THE MAYORS 44.40
DOOR
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 164X-L3W7-9X47 101-1910-419.2801 FANS FOR IT SERVER ROOM 274.96
(2)
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 179W-CVLF-6NPK 101-1910-419.2801 LAPTOP SLEEVE AND IPHONE 142.84
CASE
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 193X-PXLK-CHFD 503-1923-419.3002 PEDOMETER SAFETY LEASHES 94.80
(20) - WALKING CLUB
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 19YM-LCQ3-CK14 101-6030-453.2310 SMALL TRASH CAN (2), MWSH 19.19

PEN HOLDER - CM
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 1CDD-NY7Y-NNHM 101-1110-412.3001 WALL MOUNT - PW 107.98

CONFERENCE ROOM
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 1CJ1-6HTJ-K4Y1 101-1910-419.3002 11/13/2025 106294 AMAZON CAPITAL SERVICES, …SUPPLIES - YOUTH PROGRAM 1GJ6-VVCK-CKJ6 101-6010-451.2808 75.79 UPLINK NETWORK CABLE FOR 159.50

NETWORK RACK
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 1GQH-4C4P-XH7W 503-1923-419.3022 CITY COUNCIL PICTURE 187.10
FRAMES (10)
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 1JGD-NLR4-7YV3 101-1110-412.3002 ATTACHMENT 1

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 11/13/2025 106294 AMAZON CAPITAL SERVICES, …KEY TAGS (120) 1KPH-VPN3-NNCM 501-1921-419.3002 42.96 NETWORK PATCH CORDS FOR 61.79

THE SERVER NETWORK RACK
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 1KQF-R3RX-CWTP 503-1923-419.3022 NETWORK CABLE FOR THE 43.29

SERVER ROOM
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 1MJW-KXKV-9GTG 503-1923-419.3022 COMPUTER WIRELESS 32.57

HEADPHONES FOR IT STAFF
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 1MQF-TRYY-CHDV 503-1923-419.3002 11/13/2025 106294 AMAZON CAPITAL SERVICES, …COLORED PAPER - PW SIGNS 1MVK-KLGP-1DNN 101-5020-432.3001 128.28 MAYOR'S HISTORICAL 433.50
PICTURE FRAMES (30)
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 1N4F-CWWG-769J 101-1110-412.3002 CELLPHONE CASE FOR 24.85

CITYCELL PHONE
11/13/2025 106294 AMAZON CAPITAL SERVICES, … 1V11-99DJ-FKWL 503-1923-419.3002 11/13/2025 106294 AMAZON CAPITAL SERVICES, …HALLOWEEN DECORATIONS 1XLM-39CC-HCHH 601-5060-436.3002 124.38 11/13/2025 106294 AMAZON CAPITAL SERVICES, …SAFETY VEST (2) 1Y7J-49P3-GDCX 501-1921-419.3002 144.64 SEP 2025 - PALM AVE 54,687.32

MULTIMODAL CORRIDOR
11/13/2025 106295 CHEN RYAN ASSOCIATES INC. 0012572 202-5016-431.2006 250147-R1 NOV 2025 - REC CTR - 425 IB 59.95
BLVD #5427
11/13/2025 106296 CHULA VISTA ALARM, INC 90044 101-1910-419.2023 10/07/25 COMM RESPONSE 34.01

TEAM UNIFORMS
11/13/2025 106297 CINTAS CORPORATION 4245814484 101-6016-451.2503 260026 11/04/25 COMM RESPONSE 34.01

TEAM UNIFORMS
11/13/2025 106297 CINTAS CORPORATION 4248773414 101-6016-451.2503 260026 ADD'L CONSTRUCTION 442.33

ADMIN SERVICES - SPORTS
PARK
11/13/2025 106298 COAR DESIGN GROUP 23108 420-5000-532.2006 230243-R3 JUL 2025 RECORD STORAGE 65.93

CARTON & DIGITAL SRVCS
11/13/2025 106299 CORODATA RECORDS MANA… RS7101930 101-1230-413.2006 OCT 2025 RECORD STORAGE 65.93

CARTON & DIGITAL SRVCS
11/13/2025 106299 CORODATA RECORDS MANA… RS7120928 101-1230-413.2006 11/13/2025 106300 COUNTY OF SAN DIEGO OCT 2025 RECORDING 202501036 101-1230-413.2104 2.00 SEP 2025 RECORDING #2025- 17.00
0266337
11/13/2025 106301 COUNTY OF SAN DIEGO 202500926 101-3070-427.2006 11/13/2025 106302 COUNTY OF SAN DIEGO RCS OCT 2025 - SHERIFF RADIOS 26CTOFIBN04 101-3010-421.2125 260045 1,403.00 11/13/2025 106302 COUNTY OF SAN DIEGO RCS OCT 2025 - FIRE RADIOS 26CTOFIBN04 101-3020-422.2125 260045 518.50 11/13/2025 106302 COUNTY OF SAN DIEGO RCS OCT 2025 - LG RADIOS 26CTOFIBN04 101-3030-423.2125 260045 884.50 11/01/25-11/30/25 825 IB 29.35
BLVD 001 3110 015533201
11/13/2025 106303 COX COMMUNICATIONS 11-01-2025 3201 503-1923-419.2104 11/01/25-11/30/25 825 IB 35.34
BLVD 001 3110 108768102
11/13/2025 106303 COX COMMUNICATIONS 11-01-2025 8102 503-1923-419.2104 10/09/25 SUMMARY OF ORD 53.00
2025-1256 2ND READING - CC
11/13/2025 106304 ECKENROTH PUBLICATIONS 153946 101-1020-411.2807 260063 TUITION REIMB. - LG BASIC 706.04

SCUBA CERT
11/13/2025 106305 IAN ERSKINE 11-06-2025 101-3030-423.2804 BANNERS (2) - SMALL TOWN 162.00

HOLIDAY EVENT
11/13/2025 106306 IB PRINTING 11071 101-6014-451.2808

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Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 3 of 17
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount LAPTOP WINDOWS 11 1,553.60
REPLACEMENT (1)
11/13/2025 106307 INSIGHT PUBLIC SECTOR, INC. 1101327932 503-1923-419.3022 260074 LAPTOPS WINDOWS 11 9,113.33
REPLACEMENT (6)
11/13/2025 106307 INSIGHT PUBLIC SECTOR, INC. 1101328347 503-1923-419.3022 260074 LAPTOPS WINDOWS 11 7,228.30
REPLACEMENT (4)
11/13/2025 106307 INSIGHT PUBLIC SECTOR, INC. 1101328420 503-1923-419.3022 260074 NOV 2025 - 10 PUMP STAT 24 507.02

HR ALARM SYSTEM
11/13/2025 106308 IRIS GROUP HOLDINGS LLC 159891064 601-5060-436.2023 260023 OCT 2025 DEAD ANIMAL 450.00

REMOVAL SRVCS
11/13/2025 106309 JEFFREY SCOTT ARVESON 11012025 101-3050-425.2006 SEP 2025 LEGAL SRVCS - 522.50
PROJECT SP1306-P
11/13/2025 106310 KANE, BALLMER & BERKMAN 29372 303-1250-413.2001 OCT 2025 - 170 PALM & 495 3,517.50

PALM SITE ASSESSMENTS
11/13/2025 106311 KEYSER MARSTON ASSOC INC 0040185 101-1230-413.2006 250177-R1 11/01/25 - 425 IB BLVD 65.00
#1650176
11/13/2025 106312 LLOYD PEST CONTROL 9040429 101-1910-419.2022 260044 CLEANER (2CS), TOILET PAPER 945.22
(4CS), LINERS (10CS)
11/13/2025 106313 MAINTEX, INC. 1156173-00 101-6020-452.3002 TOILET PAPER, TOWELS, 1,470.00

CLEANER, LINERS
11/13/2025 106313 MAINTEX, INC. 1156177-00 101-1910-419.3002 THROUGH 09/28/25 - CG-25- 997.50
0160 - 1368 HOLLY AVE
11/13/2025 106314 MICHAEL BAKER INTERNATI… 1265423 101-0000-221.0102 THROUGH 09/28/25 - USE-23- 500.00
0039 - 247 ELDER AVE
11/13/2025 106314 MICHAEL BAKER INTERNATI… 1265423 101-0000-221.0102 THROUGH 09/28/25 - USE-23- 592.50
0048 - 260 DONAX AVE
11/13/2025 106314 MICHAEL BAKER INTERNATI… 1265423 101-0000-221.0102 THROUGH 09/28/25 - USE-25- 727.00
0037 - 173 DAISY AVE
11/13/2025 106314 MICHAEL BAKER INTERNATI… 1265423 101-1230-413.2102 THROUGH 09/28/25 - USE-25- 827.50
0034 - 829 SEACOAST DR
11/13/2025 106314 MICHAEL BAKER INTERNATI… 1265423 101-1230-413.2102 REIMB - ONE PAIR UNIFORM 70.69
PANTS
11/13/2025 106315 MICHAEL GLICK 20099662170 101-6016-451.2503 MILEAGE REIMB - CALPERS 140.00

CONFERENCE
11/13/2025 106316 NADIA SMITH 10-30-2025 101-1130-412.2804 11/13/2025 106317 NEXT DAY PRINTED TEES T-SHIRTS - PW 93757 101-5020-432.2503 2,306.72 LAMINATING POUCH (5PK), 52.67
TAPE (2PK) - OST PROGRAM
11/13/2025 106318 ODP BUSINESS SOLUTIONS, L… 440126753001 214-6010-451.2808 ARROW FASTENER (2) - OST 10.85

PROGRAM
11/13/2025 106318 ODP BUSINESS SOLUTIONS, L… 440127423001 214-6010-451.2808 PLATES,NAPKIN,CUTLERY,DIVI 92.74

DERS,BINDER - RECRUITING
11/13/2025 106318 ODP BUSINESS SOLUTIONS, L… 443786772001 101-1130-412.3001 BUSINESS CARDS - M 59.36

NAKAWATASE
11/13/2025 106318 ODP BUSINESS SOLUTIONS, L… 444382377001 101-1010-411.2811 OCT 2025 LIVESCAN SRVCS (4 100.00

EMPLOYEES)
11/13/2025 106319 PHILLIPA TUCKER 597 101-1130-412.2006 FY24-25 - CITY'S AUDIT,GANN 11,740.00

AGREED UPON PROCEDURES
11/13/2025 106320 ROGERS, ANDERSON, MALO… 79114 101-1210-413.2006

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount FY24-25 - HOUSING 1,960.00

SUCCESSOR AUDIT
11/13/2025 106320 ROGERS, ANDERSON, MALO… 79114 216-1240-413.2006 REINDEER DASH ENTERT. - 315.00

SMALL TOWN EVENT -

DEPOSIT
11/13/2025 106321 ROYAL ENTERTAINERS INC. 54776155 101-6014-451.2808 10/01/25-10/30/25 - 186 482.68

PALM AVE
11/13/2025 106322 SDGE 0008 2432 9204 1 11/05/25 101-5010-431.2701 09/30/25-10/29/25 - 755 112.81

DELAWARE ST
11/13/2025 106322 SDGE 0020 2498 4701 7 11/04/25 601-5060-436.2701 10/01/25-10/30/25 - 425 IB 10.00
BLVD 1- REC CTR GAS
11/13/2025 106322 SDGE 0020 8169 2339 9 11/03/25 101-6010-451.2701 10/01/25-10/31/25 - PALM 378.99
BET 1ST/5TH D
11/13/2025 106322 SDGE 0027 4196 9935 9 11/07/25 101-5010-431.2701 10/1/25-10/30/25 - 111 PALM 127.31
AVE
11/13/2025 106322 SDGE 0035 1619 2790 2 11/05/25 101-5010-431.2701 10/01/25-10/30/25 - 170 19.53

PALM AVE-GAS
11/13/2025 106322 SDGE 0049 3035 3196 9 11/03/25 101-1910-419.2701 10/01/25-10/30/25 - 120 133.84

ELKWOOD AVE
11/13/2025 106322 SDGE 0054 5795 0654 7 11/05/25 101-5010-431.2701 09/30/25-10/29/25 - 1025 2,438.52
9TH STREET
11/13/2025 106322 SDGE 0087 7382 3642 4 11/04/25 601-5060-436.2701 10/01/25-10/30/25 - 100 1/2 796.21

PALM AVE
11/13/2025 106322 SDGE 0094 7600 1698 9 11/05/25 101-5010-431.2701 10/01/25-10/30/25 - 425 IB 373.92
BLVD B
11/13/2025 106322 SDGE 2100 0098 0282 0 11/05/25 101-6010-451.2701 10/01/25-10/30/25 - 427 IB 92.97

BLVD - ST/PARK LIGHT
11/13/2025 106322 SDGE 2100 0098 0734 0 11/05/25 101-6020-452.2701 10/1/2025-10/30/25 - 425 IB 97.89
BLVD 1- REC CENTER
11/13/2025 106322 SDGE 2100 0098 1218 3 11/05/25 101-6010-451.2701 10/01/25-10/30/25 - 425 IB 217.43
BLVD A
11/13/2025 106322 SDGE 2100 0098 1222 5 11/05/25 101-6010-451.2701 10/01/25-10/30/25 - 425 IB 1,305.52
BLVD. 4
11/13/2025 106322 SDGE 2100 0165 7072 5 11/05/25 101-6020-452.2701 10/01/25-10/30/25 - 425 IB 1,231.91
BLVD.
11/13/2025 106322 SDGE 2100 0165 7747 2 11/05/25 101-6020-452.2701 10/01/25-10/30/25 - 425 IB 1,357.77
BLVD 2
11/13/2025 106322 SDGE 2100 0165 8314 0 11/05/25 101-6020-452.2701 10/01/25-10/30/25 - 425 IB 1,406.73
BLVD. 3
11/13/2025 106322 SDGE 2100 0165 9001 2 11/05/25 101-6020-452.2701 SEP 2025 DMV EXAM & PRE- 1,682.00

EMPLOYMENT PHYSICALS
11/13/2025 106323 SHARP REES-STEALY MEDICAL… 104374 101-1130-412.2104 VINYL LETTERING, REFLECTIVE 106.56
NAMES (2) - LG
11/13/2025 106324 SIGN IT 34867 101-3030-423.3002
11/13/2025 106325 SITEONE LANDSCAPE SUPPLY,…SOLENOID FOR VALVES (3) 159823432-001 101-6020-452.3002 260061 98.95 OCT 2025 SIGNAL 720.00

MAINTENANCE
11/13/2025 106326 SOUTHWEST SIGNAL 84621 101-5010-431.2104 11/13/2025 106326 SOUTHWEST SIGNAL OCT 2025 SERVICE CALLS 84622 101-5010-431.2123 217.50

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount AUG 2025 FINANCE INTERN - 468.52
M RODRIGUEZ - 77 HRS
11/13/2025 106327 SOUTHWESTERN COLLEGE 25-MR 101-1210-413.2101 SEP 2025 FINANCE INTERN - 480.69
M RODRIGUEZ - 79 HRS
11/13/2025 106327 SOUTHWESTERN COLLEGE 26-MR 101-1210-413.2101 SEP 2025 - TRAFFIC 1,000.00

ENGINEERING SERVICES -

PLANNING
11/13/2025 106328 STC TRAFFIC, INC. 8432R 101-1230-413.2102 2025 SMALL TOWN EVENT - 250.00

PARKING LOT RESERVATION
11/13/2025 106329 THOMAS LINDLEY 11-05-2025 101-6014-451.2808 RETENTION PAYMENT - FIRE 9,401.60
STATION HVA…
11/13/2025 106330 TRANE U.S. INC. 315733376 401-0000-202.0000 NOV 2025 - SOFTWARE 500.00

SYSTEM MANAGEMENT
11/13/2025 106331 VIRTUAL PROJECT MANAGER,… 12-4724 101-5020-432.2104 11/20/2025 106332 ALL THE KING'S FLAGS (2) SIGNAL FLAGS FOR NOLF 37471-2 101-5010-431.3002 1,031.81 STICKERS, CARDSTOCK - 40.48

SMALL TOWN HOLIDAY CRAFT
11/20/2025 106333 AMAZON CAPITAL SERVICES, … 13NM-P9P1-D6WN 101-6014-451.2808 11/20/2025 106333 AMAZON CAPITAL SERVICES, …LQUID LAUNDRY DETERGENT 1GL7-J31V-XVRD 101-3030-423.3002 11.33 STANCHIONS, HOLIDAY TREE 511.52
& DECORATIONS
11/20/2025 106333 AMAZON CAPITAL SERVICES, … 1HDX-Y1KJ-GC3L 101-6014-451.2808 11/20/2025 106333 AMAZON CAPITAL SERVICES, …DISINFECTING WIPES 1KG4-R7R4-9Q7W 101-6010-451.3001 23.91 11/20/2025 106333 AMAZON CAPITAL SERVICES, …ONE GALLON SPRAYER 1NT9-CLPC-D6DM 101-6040-454.3002 103.95 SOFA COVER, PILLOWS - 113.27

HOLIDAY DISPLAY SETUP
11/20/2025 106333 AMAZON CAPITAL SERVICES, … 1NXH-9G47-C9WJ 101-6014-451.2808 BROOM & DECK SCRUB 145.17
BRUSHES (5)
11/20/2025 106333 AMAZON CAPITAL SERVICES, … 1PKD-WW4N-L3YH 101-6040-454.3002 11/20/2025 106333 AMAZON CAPITAL SERVICES, …PAPER TOWELS - FIR… 1PX7-DHNC-GMQY 101-3020-422.3002 203.24 PAINT, BOLT, TOILET 173.26

PLUNGER, ALIPHATIC BINDER
11/20/2025 106333 AMAZON CAPITAL SERVICES, … 1RD3-RM3M-FC3V 101-6020-452.2801 MARKERS/ERASER,COLOR 117.43
PAPER,CALENDARS,TISSUESFINAN
11/20/2025 106333 AMAZON CAPITAL SERVICES, … 1VNJ-C79F-9QLR 101-1210-413.3001 CERTIFICATE PAPER & 37.10

FOLDERS - CONTEST WINNERS
11/20/2025 106333 AMAZON CAPITAL SERVICES, … 1VYQ-L73K-H7Q7 101-3020-422.2904 SHEET PROTECTORS, 59.41

LAMINATING POUCHES
11/20/2025 106333 AMAZON CAPITAL SERVICES, … 1Y1M-WX1Y-9KH3 101-3020-422.3002 APPLE 2024 MACBOOK PRO 1,903.11

LAPTOP- D REED
11/20/2025 106333 AMAZON CAPITAL SERVICES, … 1YLH-31MQ-9HQ9 101-0000-209.0103 11/20/2025 106334 BOOT WORLD, INC. WORK BOOTS -J. MAYORGA 112834 101-6016-451.2503 205.49 11/20/2025 106335 BRIOTIX HEALTH, LP ERGONOMIC EVAL - O GARCIA SI-52766 502-1922-419.2904 499.00 ERGONOMIC EQUIPMENT - O 1,642.05
GARCIA
11/20/2025 106335 BRIOTIX HEALTH, LP SI-53312 502-1922-419.2904 FY26 Q2 - BEACH CAMERA 4,745.00

SYSTEM MAINTENANCE - LG
11/20/2025 106336 BRIZO, INC 25-0541 101-3030-423.2104
SAND FOR SANDBAGS 361.93
(12.57TN) - FD
11/20/2025 106337 CALMAT CO 5075305 101-3020-422.2904

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount HVAC ELECTRICAL 807.00

RECONNAISSANCE
11/20/2025 106338 CHULA VISTA ELECTRIC CO 6672004 101-1910-419.2104 FY26 Q2 METROPOLITAN 1,031,512.00

SEWERAGE SYSTEM
11/20/2025 106339 CITY OF SAN DIEGO 1000434428 601-5060-436.2104 260020 FY26 Q1 MUNICIPAL SEWER 1,040.47

TRANSPORTATION
11/20/2025 106339 CITY OF SAN DIEGO 1000434783 601-5060-436.2104 260078 11/20/2025 106340 CIVICPLUS, LLC. ADA TOOLS - CITY WEBSITE 353686 503-1923-419.2025 3,000.00 OCT 2025 HOUSEHOLD 2,081.62

HAZARDOUS WASTE SERVICES
11/20/2025 106341 CLEAN HARBORS 1005722284 101-5040-434.2104 260024 RADIO REPAIR-PORT EQUIP. 1,286.56

REIMB - LG
11/20/2025 106342 COUNTY OF SAN DIEGO RCS 26CTOFIBM04 101-3030-423.5007 11/09/25-12/08/25 - 1075 100.00
8TH ST 001 3110 093630302
11/20/2025 106343 COX COMMUNICATIONS 11-09-2025 0302 503-1923-419.2104 OCT 2025 WATER DELIVERY - 170.00
SEWER
11/20/2025 106344 CRH CALIFORNIA WATER, INC 1487570 601-5060-436.3002 260006 OCT 2025 WATER DELIVERY - 160.00

SENIOR CTR
11/20/2025 106344 CRH CALIFORNIA WATER, INC 1488849 101-6030-453.3002 OCT 2025 WATER DELIVERY - 160.00
PW
11/20/2025 106344 CRH CALIFORNIA WATER, INC 1488873 101-5020-432.3002 260047 NOV 2025 WATER DELIVERY - 170.00
SEWER
11/20/2025 106344 CRH CALIFORNIA WATER, INC 1492817 601-5060-436.3002 260006 NOV 2025 WATER DELIVERY - 160.00

SENIOR CTR
11/20/2025 106344 CRH CALIFORNIA WATER, INC 1494087 101-6030-453.3002 NOV 2025 WATER DELIVERY - 160.00
PW
11/20/2025 106344 CRH CALIFORNIA WATER, INC 1494106 101-5020-432.3002 260047 GRADE 4 CERT RENEWAL FEES 129.00
- H MARTINEZ
11/20/2025 106345 CWEA-TCP 11-06-2025 601-5060-436.2812 REIMB - BACHELOR'S DEGREE 2,231.70
CLASSES (3)
11/20/2025 106346 DANIEL HOLIAN 11-14-2025 101-1130-412.2901 11/20/2025 106347 FLYERS ENERGY LLC 11/06/25 - 995 GAS, 107 DSL 25-512720 501-1921-419.2815 4,959.17 11/20/2025 106347 FLYERS ENERGY LLC 11/13/25 - 997 GAS, 82 DSL 25-517545 501-1921-419.2815 4,422.07 WE 11/02/25 FLEET STAFF - P 1,383.28
ALONZO 32 HRS
11/20/2025 106348 GO-STAFF, INC. 336944 501-1921-419.2101 WE 11/09/25 FLEET STAFF - P 1,729.10
ALONZO 40 HRS
11/20/2025 106348 GO-STAFF, INC. 337198 501-1921-419.2101 11/20/2025 106349 GRAINGER ON/OFF FLOATS (2) - PS #8 9706184281 601-5060-436.2801 198.01 11/20/2025 106349 GRAINGER ON/OFF FLOAT - PS #8 9706184299 601-5060-436.2801 99.01 BUCKET, TIES, CAUTION TAPE 171.31
- J. MAYORGA
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 1023971 101-6016-451.3002 STOCK MASKING TAPE - M. 80.23
CORTEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 1511692 101-5010-431.3002 ZIP TIES, FLAT CHISEL, METAL 291.19
BLADE - H. MARTINEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 1513439 601-5060-436.3002 LEATHER GLOVES FOR CREW - 55.90
D. MARTINEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 1532641 101-5010-431.3002 11/20/2025 106350 HOME DEPOT CREDIT SERVIC…STEP STOOL - J. MAYORGA 2023902 101-6016-451.3002 86.17

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount WELDER POWER ADAPTERS - 82.33
A. RODRIGUEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 2511588 501-1921-419.2816 STRP, TENSION TIE - PUMP 189.06
STATION 8 - H. MARTINEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 2513270 601-5060-436.3002 WASHERS, SCREWS, NUTS - G. 26.64
GLORIA
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 2523206 101-6040-454.3002 AUGER BIT FOR WOOD - K. 34.45

HENDERSON
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 2523251 101-6020-452.3022 GRAFFITI, STREETS STOCK - D. 236.17

MARTINEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 2524576 101-5010-431.3002 MICROFIBER, GLASS CLEANER 26.61
- J.ROLFE
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 290114 101-6016-451.3002 LIQUID ANT BAITS - K. 5.90

HENDERSON
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 290147 101-1910-419.3002 BRASS FITTINGS, RAGS - A. 26.82
REYES
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 290613 101-6040-454.3002 CLEANING ITEMS - PUMP 237.35
STATION 8 - J. HONORATO
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 3524465 601-5060-436.3002 DUCT TAPE, BUCKET, SPRAY 130.77
PAINTS - G. GLORIA
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 3542669 101-6040-454.3002 5 BAGS OF HREX NUTS - A. 20.20
REYES
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 3550535 101-6040-454.3002 11/20/2025 106350 HOME DEPOT CREDIT SERVIC…BOLT, SCREWS - G. GLORIA 4013134 101-6040-454.3002 18.11 SAMPLE PAINTS & PAINT 34.91
GRID - K. HENDERSON
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 4024746 101-6020-452.2801 WHEEL BARROW, ELECTRIC 188.21
TAPE, KNIFE - D. MARTINEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 4525796 101-5010-431.3002 MOUNT BASE, MOUNTING 64.39
PAD, ANCHORS - H…
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 4551091 601-5060-436.3002 BRASS CAP, TERRY TOWELS, 27.13
PAINT BRUSHES - A. REYES
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 6271415 101-6040-454.3002 MKE WORK GLOVES - H. 34.45

CLAYTON
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 6341369 101-6016-451.3002 FLASHLIGHT, SAFETY 65.09
GLASSES, PLIERS - G. GLORIA
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 6512592 101-6040-454.3002 ANCHORS, SCREWS - H. 66.06

MARTINEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 6550978 601-5060-436.3002 PAINT ROLLER & POLE - 44.21
SPORTS PARK - K.

HENDERSON
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 7022104 101-6020-452.2801 ANCHORS FOR EVENT TENT - 117.25
D. MARTINEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 7024363 101-6014-451.2808 (2) ANCHORS & 15 BAGS OF 140.09
CONCRETE - M. CORTEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 7041163 101-6014-451.2808 SPRAY PNT, FOAM SEALS, 19.42
CORNER SEAL - K.

HENDERSON
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 7531937 101-1910-419.2801

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Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 8 of 17
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount CHANNEL DRAIN KITS, 205.91
FITTINGS & PIPES - M. CORTEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 8290740 101-5010-431.3002 SIKAFLEX SEALANT - H. 64.69

MARTINEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 8512287 601-5060-436.3002 11/20/2025 106350 HOME DEPOT CREDIT SERVIC…SIMPLE GREEN - H. MARTINEZ 8513947 601-5060-436.3002 94.73 TEAK OIL, STAINING PADS, 53.36
PAINT LINERS - G. GLORIA
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 8525150 101-6040-454.3002 PAINT ROLLERS, TRAYS, PNT 82.09
MIXERS - J. CARTIER
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 8525194 101-6040-454.3002 IRRIGATION SOLENOID - K. 27.08

HENDERSON
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 8531851 101-6020-452.2801 LIGHTS AND CABLE SPOOL - A. 210.48

RODRIGUEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 9530433 501-1921-419.3002 COBRA ANCHORS & SPRAY 77.04
PAINT - H. MARTINEZ
11/20/2025 106350 HOME DEPOT CREDIT SERVIC… 9902215 601-5060-436.3002 10/10 & 10/23/25 WATER 38.00

DELIVERY - FD
11/20/2025 106352 I.B. CLEARWATER OCTOBER 2025 101-3020-422.3002 09/22/25-11/15/25 1,374.00

TAEKWONDO
11/20/2025 106353 JORGE A VELAZQUEZ J.R 11102025TJ4K12 101-6010-451.2107 11/12/25 - 950 OCEAN LN 71.00
#1092502
11/20/2025 106354 LLOYD PEST CONTROL 9050673 101-1910-419.2022 260044 11/13/25 - 865 IB BLVD 48.00
#1129288
11/20/2025 106354 LLOYD PEST CONTROL 9051655 101-1910-419.2022 260044 11/13/25 - 845 IB BLVD 43.00
#1129247
11/20/2025 106354 LLOYD PEST CONTROL 9051660 101-1910-419.2022 260044 11/13/25 - 825 IB BLVD 43.00
#1129122
11/20/2025 106354 LLOYD PEST CONTROL 9051674 101-1910-419.2022 260044 11/20/2025 106355 ODP BUSINESS SOLUTIONS, L…BUSINESS CARDS - H BRICENO 444160685001 101-5020-432.2811 59.36 11/20/2025 106355 ODP BUSINESS SOLUTIONS, L…BUSINESS CARDS - P VINEY 444177096001 101-3040-424.2811 59.36 11/20/2025 106355 ODP BUSINESS SOLUTIONS, L…BUSINESS CARDS - C HUDKINS 444177096001 101-3070-427.2811 59.35 AP BLANK CHECKS PAPER - 130.48

FINANCE
11/20/2025 106355 ODP BUSINESS SOLUTIONS, L… 446436248001 101-1210-413.3002 11/20/2025 106355 ODP BUSINESS SOLUTIONS, L…W2 SUPPLIES - FINANCE 446935131001 101-1210-413.3002 150.27 JUN/SEP 2025 - ANNUAL 625.39

STATEMENT FEE, ARS/PARS
FEES
11/20/2025 106356 PARS 59111 101-1130-412.2006
OCT 2025 - LABOR 174.48 HRS 4,318.38
- BEACH CLEANING
11/20/2025 106357 PRIDE INDUSTRIES ARI/21366732 101-6040-454.2104 STAGE - TRUNK OR TREAT 1,201.55
EVENT
11/20/2025 106358 RAPHAEL'S PARTY RENTALS I… 359939 101-6014-451.2808 5GL CONTAINER 168.17

CONCENTRATE
11/20/2025 106359 SALT-AWAY PRODUCTS, INC. 13064 101-3030-423.3002 07/01/25-12/31/25 CAL-ID 2,506.00

PROGRAM COSTS
11/20/2025 106360 SAN DIEGO COUNTY SHERIFF CALIDIMP03 101-3010-421.2006 SEP 2025 SHERIFF SERVICES -1,634.01
(TOW FEE)
11/20/2025 106361 SAN DIEGO COUNTY SHERIFF 09-01-2025 101-0000-338.6003

Page 24 of 354 ends

Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 9 of 17
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount SEP 2025 SHERIFF SERVICES 6,136.61
(SPECIAL EVENTS - BP)
11/20/2025 106361 SAN DIEGO COUNTY SHERIFF 09-01-2025 101-3010-421.2006 11/20/2025 106361 SAN DIEGO COUNTY SHERIFF SEP 2025 SHERIFF SERVICES 09-01-2025 101-3010-421.2006 701,931.42 SEP 2025 SHERIFF SERVICES 1,293.56
(RRP)
11/20/2025 106361 SAN DIEGO COUNTY SHERIFF 09-01-2025 101-3010-421.2006 SEP 2025 SHERIFF SERVICES -8,514.16
(CSO - VACANCY SEP 2025)
11/20/2025 106361 SAN DIEGO COUNTY SHERIFF 09-01-2025 212-3036-421.2006 SEP 2025 SHERIFF SERVICES 17,264.83
(CSO)
11/20/2025 106361 SAN DIEGO COUNTY SHERIFF 09-01-2025 212-3036-421.2006 OCT 2025 ELEVATOR SRVC - 150.00

SAFETY CTR
11/20/2025 106362 SAN DIEGO ELEVATOR AND L… 11097 101-1910-419.2006 NOV 2025 ELEVATOR SRVC - 150.00

SAFETY CTR
11/20/2025 106362 SAN DIEGO ELEVATOR AND L… 11699 101-1910-419.2006 OCT 2025 - 0056 4977 1474 9 7,292.37
- CITY HALL
11/20/2025 106363 SAN DIEGO GAS & ELECTRIC 11-07-2025 101-1910-419.2701 OCT 2025 - 0056 4977 1474 9 105.36
- PAST DUE FEE
11/20/2025 106363 SAN DIEGO GAS & ELECTRIC 11-07-2025 101-1910-419.2701 OCT 2025 - 0056 4977 1474 9 2,020.91
- PW
11/20/2025 106363 SAN DIEGO GAS & ELECTRIC 11-07-2025 101-1910-419.2701 OCT 2025 - 0056 4977 1474 9 12,860.12
- STREET LIGHTS
11/20/2025 106363 SAN DIEGO GAS & ELECTRIC 11-07-2025 101-5010-431.2701 OCT 2025 - 0056 4977 1474 9 1,307.77
- PARKS & REC
11/20/2025 106363 SAN DIEGO GAS & ELECTRIC 11-07-2025 101-6020-452.2701 OCT 2025 - 0056 4977 1474 9 4,226.61
- SEWER
11/20/2025 106363 SAN DIEGO GAS & ELECTRIC 11-07-2025 601-5060-436.2701 10/01/25-10/31/25 - 2,927.79
PALM/HWY 75 MAIN DIST D
11/20/2025 106364 SDGE 0028 1987 1631 5 11/07/25 101-5010-431.2701 LIGHTING RENTAL - TRUNK 1,225.82

OR TREAT EVENT
11/20/2025 106365 SUNBELT RENTALS, INC. 176049419-0001 101-6014-451.2808 FY26 STORM WATER PERMIT 18,196.00

RENEWAL
11/20/2025 106366 SWRCB SW-0323470 101-5050-435.2813
11/20/2025 106367 TIDELINES, LLC. 2026 TIDEBOOKS (250) - LG 6167 101-3030-423.3002 397.66 11/20/2025 106368 TRANE U.S. INC. MINI SPLIT TROUBLESHOOT 315779116 101-1910-419.2104 1,265.61 11/20/2025 106369 VALLEY INDUSTRIAL SPECIALT…GASKET A344657 101-6040-454.3002 260017 1.49 11/20/2025 106369 VALLEY INDUSTRIAL SPECIALT…HANDLE GRIP & HANDLE A344879 101-6040-454.3002 260017 204.90 11/20/2025 106369 VALLEY INDUSTRIAL SPECIALT…HOSE BIBB A345389 101-6040-454.3002 260017 232.75 10/09/25-11/08/25 CITY 251.87

COUNCIL
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-1010-411.2705 10/09/25-11/08/25 CITY 62.08
CLERK
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-1020-411.2705 10/09/25-11/08/25 NO COST 75.58

CTR-CITY MGR
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-1110-412.2705 10/09/25-11/08/25 HUMAN 49.96

RESOURCES
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-1130-412.2705 10/09/25-11/08/25 NO COST 23.57

CTR-FINANCE
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-1210-413.2705

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Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 10 of 17
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 11/20/2025 106370 VERIZON WIRELESS 10/09/25-11/08/25 FINANCE 6127987637 101-1210-413.2705 62.01 10/09/25-11/08/25 COMM 128.96

DEV/COMMUNITY

DEVELOPMENT
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-1230-413.2705 10/09/25-11/08/25 NO COST 53.20

CTR-COMM DEV
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-1230-413.2705 11/20/2025 106370 VERIZON WIRELESS 10/09/25-11/08/25 FACILITIES 6127987637 101-1910-419.2705 146.41 10/09/25-11/08/25 NON 228.06

DEPT-HOT SPOT

LOANER/KIOSKS
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-1920-419.2705 10/09/25-11/08/25 NO COST 23.57

CTR-FIRE
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-3020-422.2705 11/20/2025 106370 VERIZON WIRELESS 10/09/25-11/08/25 FIRE 6127987637 101-3020-422.2705 165.58 10/09/25-11/08/25MARINE 152.04
SAFETY
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-3030-423.2705 10/09/25-11/08/25 NO COST 23.57
CTR-LG
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-3030-423.2705 10/09/25-11/08/25 170.99

LIFEGUARDS
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-3030-423.2705 10/09/25-11/08/25 JUNIOR 24.53

LIFEGUARDS
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-3035-423.2704 11/20/2025 106370 VERIZON WIRELESS 10/09/25-11/08/25 HOUSING 6127987637 101-3040-424.2705 41.39 11/20/2025 106370 VERIZON WIRELESS 10/09/25-11/08/25 BUILDING 6127987637 101-3040-424.2705 103.00 11/20/2025 106370 VERIZON WIRELESS 10/09/25-11/08/25 CODE 6127987637 101-3070-427.2705 95.88 11/20/2025 106370 VERIZON WIRELESS 10/09/25-11/08/25 STREETS 6127987637 101-5010-431.2705 189.99 10/09/25-11/08/25 NO COST 61.61
CTR-PW
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-5020-432.2705 10/09/25-11/08/25 PUBLIC 262.14
WORKS
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-5020-432.2705 10/09/25-11/08/25 ENV 26.01

SERVICES
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-5050-435.2705 10/09/25-11/08/25 NO COST 41.39

CTR-PARKS & REC
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-6010-451.2705 10/09/25-11/08/25 316.99

RECREATION
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-6010-451.2705 10/09/25-11/08/25 PARKS 46.39

AND REC
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-6010-451.2705 10/09/25-11/08/25 PARKS 199.66
MAINT
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-6020-452.2705 10/09/25-11/08/25 192.76

TIDELANDS
11/20/2025 106370 VERIZON WIRELESS 6127987637 101-6040-454.2705 11/20/2025 106370 VERIZON WIRELESS 10/09/25-11/08/25 FLEET 6127987637 501-1921-419.2705 26.78 10/09/25-11/08/25 INFO 78.13
TECH
11/20/2025 106370 VERIZON WIRELESS 6127987637 503-1923-419.2705 10/09/25-11/08/25 NO COST 219.11
CTR-IT
11/20/2025 106370 VERIZON WIRELESS 6127987637 503-1923-419.2705

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Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 11 of 17
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 11/20/2025 106370 VERIZON WIRELESS 10/09/25-11/08/25 SEWER 6127987637 601-5060-436.2705 231.58 LIVE ENTERTAINMENT - 200.00
SMALL TOWN HOLIDA…
11/20/2025 106372 VILLA MUSICA 71997 101-6014-451.2808
11/05/25-11/07/25 SHADE 7,024.50
TREE PRUNING - SPORT…
11/20/2025 106373 WEST COAST ARBORISTS 236181 101-6020-452.2104 260049 11/07/25-11/10/25 SHADE 936.60

TREE PRUNING - REAMA PARK
11/20/2025 106373 WEST COAST ARBORISTS 236182 101-6020-452.2104 260049 11/20/2025 106374 WHITE CAP CONSTRUCTION … RUBBER BOOTS - D CASAS 50034243659 601-5060-436.3002 38.22 JUL 2025 TJ RIVER WQIP 9,040.32
(SP2601)
11/20/2025 106375 WSP USA ENVIRONMENT & I… 40247343 101-0000-221.0110 260073 JUL 2025 TJ RIVER WQIP 1,366.45
(SP2601)
11/20/2025 106375 WSP USA ENVIRONMENT & I… 40247343 101-5050-540.2006 260073 JUL 2025 SD BAY WQIP 17,702.29
(SP2600)
11/20/2025 106375 WSP USA ENVIRONMENT & I… 40248675 101-0000-221.0110 260072 JUL 2025 SD BAY WQIP 323.46
(SP2600)
11/20/2025 106375 WSP USA ENVIRONMENT & I… 40248675 101-5050-540.2006 260072 SDU CHILD SUPPORT PPE 625.06
10/30/25
11/07/2025 DFT0010197 CALIFORNIA STATE DISBURS… 54403270 101-0000-209.0107 11/07/2025 DFT0010200 CALPERS LG L2 23011 EE PPE 10/30/25 100000018051358 EE 101-0000-209.0106 456.45 11/07/2025 DFT0010201 CALPERS LG L2 23011 ER PPE 10/30/25 100000018051358 ER 101-0000-209.0106 574.98 MISC L2 23012 EE PPE 563.82
10/30/25
11/07/2025 DFT0010202 CALPERS 100000018051412 EE 101-0000-209.0106 MISC L2 23012 ER PPE 711.45
10/30/25
11/07/2025 DFT0010203 CALPERS 100000018051412 ER 101-0000-209.0106 FIRE PEPRA 25375 EE PPE 4,669.50
10/30/25
11/07/2025 DFT0010204 CALPERS 100000018051478 EE 101-0000-209.0106 FIRE PEPRA 25375 ER PPE 4,750.99
10/30/25
11/07/2025 DFT0010205 CALPERS 100000018051478 ER 101-0000-209.0106 LG PEPRA 25376 EE PPE 2,005.15
10/30/25
11/07/2025 DFT0010206 CALPERS 100000018051535 EE 101-0000-209.0106 LG PEPRA 25376 ER PPE -0.01
10/30/25 O/S SPENCE
11/07/2025 DFT0010207 CALPERS 100000018051535 ER 101-0000-209.0106 LG PEPRA 25376 ER PPE 2,040.13
10/30/25
11/07/2025 DFT0010207 CALPERS 100000018051535 ER 101-0000-209.0106 MISC 26352 EE PPE 10/30/25 -468.87

REACHED MAX - LARIOS
11/07/2025 DFT0010208 CALPERS 100000018051593 EE 101-0000-209.0106 MISC PEPRA 26352 EE PPE 12,350.60
10/30/25
11/07/2025 DFT0010208 CALPERS 100000018051593 EE 101-0000-209.0106 MISC PEPRA 26352 EE PPE 33.98
10/30/25 PP NAKAWATASE
11/07/2025 DFT0010208 CALPERS 100000018051593 EE 101-0000-209.0106 MISC PEPRA 26352 ER PPE 12,685.26
10/30/25
11/07/2025 DFT0010209 CALPERS 100000018051593 ER 101-0000-209.0106 MISC 26352 ER PPE 10/30/25 -481.58

REACHED LIMIT - LARIOS
11/07/2025 DFT0010209 CALPERS 100000018051593 ER 101-0000-209.0106 MISC PEPRA 26352 ER PPE 34.90
10/30/25 PP NAKAWATASE
11/07/2025 DFT0010209 CALPERS 100000018051593 ER 101-0000-209.0106

Page 27 of 354 ends

Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 12 of 17
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 11/07/2025 DFT0010210 CALPERS FIRE L1 4625 EE PPE 10/30/25 100000018051262 EE 101-0000-209.0106 3,704.54 11/07/2025 DFT0010211 CALPERS FIRE L1 4625 ER PPE 10/30/25 100000018051262 ER 101-0000-209.0106 4,836.10 11/07/2025 DFT0010212 CALPERS LG L1 4626 EE PPE 10/30/25 100000018051305 EE 101-0000-209.0106 1,455.25 LG L1 4626 ER PPE 10/30/25 -0.01

O/S LINDQUIST
11/07/2025 DFT0010213 CALPERS 100000018051305 ER 101-0000-209.0106 11/07/2025 DFT0010213 CALPERS LG L1 4626 ER PPE 10/30/25 100000018051305 ER 101-0000-209.0106 1,841.87 11/07/2025 DFT0010214 CALPERS MISC L1 470 EE PPE 10/30/25 100000018051226 EE 101-0000-209.0106 6,936.33 11/07/2025 DFT0010215 CALPERS MISC L1 470 ER PPE 10/30/25 100000018051226 ER 101-0000-209.0106 8,535.56 SCP MEMBER PAID ARREARS 7.02
TAXED PPE 10/30/25
11/07/2025 DFT0010216 CALPERS PPE 10-30-2025 MAT 101-0000-209.0106 SCP ARSC POST-TAX PPE 180.63
10/30/25
11/07/2025 DFT0010217 CALPERS PPE 10-30-2025 ARSCT 101-0000-209.0106 SCP SPM PRE-TAX PPE 87.85
10/30/25
11/07/2025 DFT0010218 CALPERS PPE 10-30-2025 SPMTD 101-0000-209.0106 PERS SCP SPM TAXED PPE 395.55
10/30/25
11/07/2025 DFT0010219 CALPERS PPE 10-30-2025 SPMT 101-0000-209.0106 11/07/2025 DFT0010221 STATE OF CALIFORNIA STATE TAX W/H PPE 10/30/25 8702802 101-0000-209.0105 14,246.18 11/07/2025 DFT0010222 STATE OF CALIFORNIA SDI W/H PPE 10/30/25 8702805 101-0000-209.0115 482.65 11/07/2025 DFT0010223 INTERNAL REVENUE SERVICE FED TAX W/H PPE 10/30/25 INV0023778 101-0000-209.0102 34,054.73 11/07/2025 DFT0010224 INTERNAL REVENUE SERVICE MEDICARE W/H PPE 10/30/25 INV0023779 101-0000-209.0104 10,850.47 SOCIAL SECURITY PPE 37,589.80
10/30/25
11/07/2025 DFT0010226 INTERNAL REVENUE SERVICE INV0023781 101-0000-209.0104 11/14/2025 DFT0010268 MIDAMERICA ADMINISTRATI…NOV HC 11/04/25-11/10/25 11-14-2025 101-0000-209.0125 84.98 11/14/2025 DFT0010268 MIDAMERICA ADMINISTRATI…NOV DC 11/04/25-11/10/25 11-14-2025 101-0000-209.0125 150.00 IBRA 2020 TAX ALLOCATION -672.09

REFUNDING BONDS INTEREST
11/18/2025 DFT0010269 COMPUTERSHARE TRUST C… IMPE0320TAR DEC 2025 301-0000-106.0900 IBRA 2020 TAX ALLOCATION 275,600.00

REFUNDING BONDS INTEREST
11/18/2025 DFT0010269 COMPUTERSHARE TRUST C… IMPE0320TAR DEC 2025 301-1250-413.4402 2022 TAX ALLOC REF BONDS 181,000.00
INTEREST 12/01/25
11/18/2025 DFT0010270 COMPUTERSHARE TRUST C… IMPE0322RB DEC 2025 301-1250-413.4502 COVERAGE MONTH: 246.80
DECEMBER 2025
11/20/2025 DFT0010271 LIBERTY DENTAL PLAN OF CA… 0001857440 101-0000-209.0112 11/20/2025 DFT0010271 LIBERTY DENTAL PLAN OF CA…BRICENO - RETRO NOV 0001857440 101-0000-209.0112 23.88 11/20/2025 DFT0010271 LIBERTY DENTAL PLAN OF CA…TRABUCO EOE OCT 0001857440 101-1010-411.1103 -13.27 Grand Total: 2,661,245.61

Page 28 of 354 ends

Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 13 of 17
Report Summary
Fund Summary
Fund Payment Amount
101 - GENERAL FUND 1,050,149.06
202 - PROP "A" (TRANSNET) FUND 54,687.32
212 - SLESF (COPS) FUND 8,750.67
214 - MISCELLANEOUS GRANTS 63.52
216 - HOUSING AUTHORITY 1,960.00
301 - SA DEBT SERVICE FUND 455,927.91
303 - REDEV OBLIG RETIRE FUND 522.50
401 - CAPITAL IMPROVEMENT FUND 9,401.60
420 - PARKS MAJOR MAINTENAN CIP 442.33
501 - VEHICLE REPLACEMENT/MAINT 13,295.51
502 - RISK MANAGEMENT FUND 2,141.05
503 - TECHNOLOGY/COMMUNICATIONS 21,822.00
601 - SEWER ENTERPRISE FUND 1,042,082.14
Grand Total: 2,661,245.61
Account Summary
Account Number Account Name Payment Amount
101-0000-209.0102 P/R FIT PAYABLE 34,054.73
101-0000-209.0103 P/R COMPUTER LOAN P… 1,903.11
101-0000-209.0104 P/R FICA PAYABLE 48,440.27
101-0000-209.0105 P/R STATE TAX LIABILITI… 14,246.18
101-0000-209.0106 P/R PERS RETIREMENT P… 67,907.44
101-0000-209.0107 P/R GARNISHMENT PAY… 625.06
101-0000-209.0108 P/R EMPLOYEE ASSOC D… 1,589.74
101-0000-209.0110 P/R DEFERRED COMP 9,888.57
101-0000-209.0112 P/R DENTAL INSURANCE 270.68
101-0000-209.0115 P/R STD-PART-TIME 482.65
101-0000-209.0120 PARS EMPLOYEE CONTR… 2,091.44
101-0000-209.0122 EDUCATIONAL SAVINGS … 50.00
101-0000-209.0125 P/R FSA 234.98
101-0000-221.0102 DEVELOPER DEPOSITS 2,090.00
101-0000-221.0110 WQIP-COST SHARE DEP… 26,742.61
101-0000-338.6003 VEHICLE IMPOUND FEE -1,634.01
101-1010-411.1103 SECTION 125 CAFETERIA -13.27
101-1010-411.2705 UTILITIES-CELL PHONES 251.87
101-1010-411.2811 PRINTING SERVICES 59.36
101-1020-411.2705 UTILITIES-CELL PHONES 62.08
101-1020-411.2807 ADVERTISING 53.00
101-1110-412.2705 UTILITIES-CELL PHONES 75.58
101-1110-412.3001 OFFICE SUPPLIES 19.19

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Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 14 of 17
Account Summary
Account Number Account Name Payment Amount
101-1110-412.3002 OPERATING SUPPLIES 620.60
101-1130-412.2006 PROFESSIONAL SERVICES 725.39
101-1130-412.2104 TECHNICAL SERVICES 1,682.00
101-1130-412.2705 UTILITIES-CELL PHONES 49.96
101-1130-412.2804 TRAVEL, TRAINING, MEE… 140.00
101-1130-412.2901 TRAINING & EDUCATION… 2,231.70
101-1130-412.3001 OFFICE SUPPLIES 92.74
101-1210-413.2006 PROFESSIONAL SERVICES 11,740.00
101-1210-413.2101 TEMPORARY STAFFING 949.21
101-1210-413.2705 UTILITIES-CELL PHONES 85.58
101-1210-413.3001 OFFICE SUPPLIES 193.10
101-1210-413.3002 OPERATING SUPPLIES 280.75
101-1230-413.2006 PROFESSIONAL SERVICES 3,649.36
101-1230-413.2102 ADMINISTRATION CHAR… 2,554.50
101-1230-413.2104 TECHNICAL SERVICES 2.00
101-1230-413.2705 UTILITIES-CELL PHONES 182.16
101-1910-419.2006 PROFESSIONAL SERVICES 300.00
101-1910-419.2022 PEST CONTROL SERVICE 270.00
101-1910-419.2023 SECURITY & ALARM 59.95
101-1910-419.2104 TECHNICAL SERVICES 2,072.61
101-1910-419.2701 GAS & ELECTRIC (SDG&E) 9,438.17
101-1910-419.2705 UTILITIES-CELL PHONES 146.41
101-1910-419.2801 MAINTENANCE & REPAIR 338.78
101-1910-419.3002 OPERATING SUPPLIES 1,583.88
101-1920-419.2705 UTILITIES-CELL PHONES 228.06
101-3010-421.2006 PROFESSIONAL SERVICES 711,867.59
101-3010-421.2125 RCS PROGRAM 1,403.00
101-3020-422.2125 RCS PROGRAM 518.50
101-3020-422.2705 UTILITIES-CELL PHONES 189.15
101-3020-422.2904 OTHER SERVICES & CHA… 399.03
101-3020-422.3002 OPERATING SUPPLIES 367.41
101-3030-423.2104 TECHNICAL SERVICES 4,745.00
101-3030-423.2125 RCS PROGRAM 884.50
101-3030-423.2705 UTILITIES-CELL PHONES 346.60
101-3030-423.2804 TRAVEL, TRAINING, MEE… 706.04
101-3030-423.3002 OPERATING SUPPLIES 683.72
101-3030-423.5007 PORT EQUIPMENT - REI… 1,286.56
101-3035-423.2704 UTILITIES-TELEPHONE 24.53
101-3040-424.2705 UTILITIES-CELL PHONES 144.39
101-3040-424.2811 PRINTING SERVICES 59.36
101-3050-425.2006 PROFESSIONAL SERVICES 450.00
101-3070-427.2006 PROFESSIONAL SERVICES 17.00

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Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 15 of 17
Account Summary
Account Number Account Name Payment Amount
101-3070-427.2705 UTILITIES-CELL PHONES 95.88
101-3070-427.2811 PRINTING SERVICES 59.35
101-5010-431.2104 TECHNICAL SERVICES 720.00
101-5010-431.2123 TRAFFIC CONTROL 217.50
101-5010-431.2701 GAS & ELECTRIC (SDG&E) 17,706.94
101-5010-431.2705 UTILITIES-CELL PHONES 189.99
101-5010-431.3002 OPERATING SUPPLIES 1,798.23
101-5020-432.2104 TECHNICAL SERVICES 500.00
101-5020-432.2503 RENT-UNIFORMS 2,306.72
101-5020-432.2705 UTILITIES-CELL PHONES 323.75
101-5020-432.2811 PRINTING SERVICES 59.36
101-5020-432.3001 OFFICE SUPPLIES 273.59
101-5020-432.3002 OPERATING SUPPLIES 320.00
101-5040-434.2104 TECHNICAL SERVICES 2,081.62
101-5050-435.2705 UTILITIES-CELL PHONES 26.01
101-5050-435.2813 FEES & LICENSES 18,196.00
101-5050-540.2006 PROFESSIONAL SERVICES 1,689.91
101-6010-451.2107 CONTRACTS - RECREATI… 1,374.00
101-6010-451.2701 GAS & ELECTRIC (SDG&E) 699.24
101-6010-451.2705 UTILITIES-CELL PHONES 404.77
101-6010-451.2808 COMMUNITY PROGRAMS 75.79
101-6010-451.3001 OFFICE SUPPLIES 23.91
101-6014-451.2808 COMMUNITY PROGRAMS 4,576.98
101-6016-451.2503 UNIFORMS 344.20
101-6016-451.3002 OPERATING SUPPLIES 318.54
101-6020-452.2104 TECHNICAL SERVICES 7,961.10
101-6020-452.2701 GAS & ELECTRIC (SDG&E) 6,702.67
101-6020-452.2705 UTILITIES-CELL PHONES 199.66
101-6020-452.2801 MAINTENANCE & REPAIR 559.77
101-6020-452.3002 OPERATING SUPPLIES 1,044.17
101-6020-452.3022 SMALL TOOLS/NON-CAP… 34.45
101-6030-453.2310 SENIOR PROGRAMS 94.80
101-6030-453.3002 OPERATING SUPPLIES 320.00
101-6040-454.2104 TECHNICAL SERVICES 4,318.38
101-6040-454.2705 UTILITIES-CELL PHONES 192.76
101-6040-454.3002 OPERATING SUPPLIES 1,138.47
202-5016-431.2006 PROFESSIONAL SERVICES 54,687.32
212-3036-421.2006 PROFESSIONAL SERVICES 8,750.67
214-6010-451.2808 COMMUNITY PROGRAMS 63.52
216-1240-413.2006 PROFESSIONAL SERVICES 1,960.00
301-0000-106.0900 RESERVE-2020 BOND -672.09
301-1250-413.4402 BOND INTEREST (2020 T… 275,600.00

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Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 16 of 17
Account Summary
Account Number Account Name Payment Amount
301-1250-413.4502 BOND INTEREST (2022 T… 181,000.00
303-1250-413.2001 ATTORNEY SERVICES 522.50
401-0000-202.0000 CONTRACT RETENTION … 9,401.60
420-5000-532.2006 PROFESSIONAL SERVICES 442.33
501-1921-419.2101 TEMPORARY STAFFING 3,112.38
501-1921-419.2705 UTILITIES-CELL PHONES 26.78
501-1921-419.2815 VEHICLE OPERATE-FUEL… 9,381.24
501-1921-419.2816 VEHICLE OPERATE-PARTS… 377.03
501-1921-419.3002 OPERATING SUPPLIES 398.08
502-1922-419.2904 OTHER SERVICES & CHA… 2,141.05
503-1923-419.2025 SOFTWARE MAINTENAN… 3,000.00
503-1923-419.2104 TECHNICAL SERVICES - I… 164.69
503-1923-419.2705 UTILITIES-CELL PHONES 297.24
503-1923-419.3002 OPERATING SUPPLIES 200.26
503-1923-419.3022 SMALL TOOLS/NON-CAP… 18,159.81
601-5060-436.2023 SECURITY & ALARM 507.02
601-5060-436.2104 TECHNICAL SERVICES 1,032,552.47
601-5060-436.2701 GAS & ELECTRIC (SDG&E) 6,777.94
601-5060-436.2705 UTILITIES-CELL PHONES 231.58
601-5060-436.2801 MAINTENANCE & REPAIR 297.02
601-5060-436.2812 MEMBERSHIP DUES 129.00
601-5060-436.3002 OPERATING SUPPLIES 1,587.11
Grand Total: 2,661,245.61
Project Account Summary
Project Account Key Payment Amount
**None** 2,562,912.47
23-0039-DEP 500.00
23-0048-DEP 592.50
23-0066-DEP 997.50
GRT068-EXP 94.80
GRT081-EXP 63.52
P24101-EXP 442.33
S22109-TR PAED 54,687.32
SP1306-P 522.50
SP2109-EXP 6,136.61
SP23104-DIA 557.34
SP23104-TRUNK 2,427.37
SP24108-EXP 1,592.27
SP2600-P 18,025.75
SP2601-P 10,406.77

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Expense Approval Report Payment Dates: 11/7/2025 - 11/20/2025 11/21/2025 4:11:29 PM Page 17 of 17
Project Account Summary
Project Account Key Payment Amount
SP26101-EXP 1,286.56
Grand Total: 2,661,245.61

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P a g e | 1
December 3, 2025
ITEM TITLE: RECEIVE TREASURER’S REPORT FOR OCTOBER 2025. (0300-90) ORIGINATING DEPARTMENT:

Finance
EXECUTIVE SUMMARY:

The City has funds invested by Chandler Asset Management, Local Area Investment Fund (LAIF), Chase (the City's operating account), a section 115 trust fund, and tax allocation reserve bonds.

On a monthly basis a Treasurer's Report is submitted to the City Council listing cash flows and a summary of cash and investments. The attached Monthly Account Statement Report from Chandler Asset Management provides the investment analysis to include a portfolio summary, listing of assets, and monthly transactions. The attached Local Agency Investment Fund (LAIF) statement provides a listing of monthly transactions. Detailed investment information for LAIF can be found on the California State Treasurer's website (www.treasurer.ca.gov/pmia-laif/pmia).

RECOMMENDATION:

Staff recommends that the City Council receive and file the October 2025 Treasurer's Report.

OPTIONS:
 Receive and file the October 2025 Treasurer's Report.

BACKGROUND/ANALYSIS:

In accordance with the City's Investment Policy and Government Code Section 53646, the City Treasurer or designee submits to the City Council a monthly investment report (Treasurer's Report) with transactions and holdings as detailed in the attached Chandler Asset Management and LAIF investment reports. The Chandler Asset Management Report discloses the following information about the risk characteristics of the City's portfolio:

1. An asset listing showing par value, cost and accurate and complete market value of each security, type of investment, issuer, and interest rate;

2. Monthly transactions for the period;

3. A one-page summary report that shows: a) average maturity of the portfolio and modified duration of the portfolio; b) maturity distribution of the portfolio; c) average portfolio credit quality; d) time-weighted total rate of return for the portfolio for the prior one month, three months, twelve months, year to date, and since inception compared to the Benchmark Index returns for the same periods;

4. A statement of compliance with investment policy, including a schedule of any transactions or holdings which do not comply with this policy or with the California Government Code, including a justification for the presence in the portfolio and a timetable for resolution;

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P a g e | 2

5. A statement that the City has adequate funds to meet its cash flow requirements for the next six months.

All these categories are reflected on the attached Monthly Account Statement Report from Chandler Asset Management, the City's portfolio and investment management consultant.

Details regarding LAIF investments can be found on the California State Treasurer website (www.treasurer.ca.gov/pmia-laif/pmia). The City has adequate funds to meet its cash flow requirements for the next six months.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

The City has funds invested by Chandler Asset Management, Local Area Investment Fund (LAIF), Chase (the City's operating account), a section 115 trust fund, and tax allocation reserve bonds.

As of the month ending October 31, 2025, the total market value of the City’s investment portfolio equals $33,928,607.56. The attached Treasurer's Report provides a statement of cash flows and cash and investments description.

ATTACHMENTS:

ATT 1 – 2025.10 Treasurer’s Report
ATT 2 – 2025.10 Chandler Statement
ATT 3 – 2025.10 LAIF Statement

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CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Statement of Cash Flows
For the Month Ended
October 31, 2025
ATTACHMENT 1
Beginning
Balance Total Activity Ending Balance

GENERAL FUND
101 - GENERAL FUND 17,820,021.95 (1,432,356.08) $ 16,387,665.87 103 - M&A DA FUND 1,238,181.48 40,825.08 1,279,006.56
105 - PEG FUND 48,420.67 431.13 48,851.80
17,715,524.23

OTHER GOVERNMENT FUNDS
201 - GAS TAX FUND 163,384.74 73,283.37 236,668.11
202 - PROP "A" (TRANSNET) FUND 83,764.33 (513,417.08) (429,652.75) 207 - ROAD MTCE & REHAB (RMRA) 2,198,053.31 (447,545.79) 1,750,507.52 210 - CDBG-FEDERAL ASSISTANCE - - -
212 - SLESF (COPS) FUND 79,221.85 (6,933.72) 72,288.13
214 - MISCELLANEOUS GRANTS FUND 2,072.16 (418,609.39) (416,537.23) 401 - CAPITAL IMPROVEMENT FUND 727,979.48 $ (5,570.00) 722,409.48 420 - PARKS MAJOR MAINTENANCE CIP 853,718.13 $ (73,984.84) 779,733.29 2,715,416.55

HOUSING AUTHORITY
216 - HOUSING AUTHORITY 1,105,559.54 $ (275.00) 1,105,284.54 1,105,284.54

SUCCESSOR AGENCY
301 - SA DEBT SERVICE FUND - - -
303 - REDEV OBLIG RETIRE FUND 394,765.53 $ (20,370.38) 374,395.15 374,395.15

INTERNAL SERVICES
501 - VEHICLE REPLACEMENT/MAINT 1,055,352.51 81,686.72 1,137,039.23 502 - RISK MANAGEMENT FUND 1,615,522.36 (23,564.31) 1,591,958.05 503 - TECHNOLOGY/COMMUNICATIONS 714,185.51 (359,764.19) 354,421.32 504 - FACILITY MAINT/REPLACEMENT 503,342.24 (3,800.00) 499,542.24 3,582,960.84

SEWER FUND
601 - SEWER ENTERPRISE FUND 5,149,276.34 (197,864.21) 4,951,412.13 4,951,412.13

AGENCY FUNDS
715 - ASSESSMENT DIST. #63 FUND 132,952.40 - 132,952.40 720 - ASSESSMENT DIST. #64 FUND 33,885.87 - 33,885.87
725 - ASSESSMENT DIST. #66 FUND 191,728.70 - 191,728.70 730 - ASSESSMENT DIST. #68 FUND 113,910.24 - 113,910.24 735 - ASSESSMENT DIST. #71 FUND 18,326.13 - 18,326.13
490,803.34
GRAND TOTAL $ 30,935,796.78

Page 1 ends

CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Statement of Cash Flows
For the Month Ended
October 31, 2025
ATTACHMENT 1

CASH DEPOSIT ACCOUNTS
Beginning
Balance Total Activity Ending Balance
Chase - Checking (Operating) 1,513,148.99 (819,879.88) $ 693,269.11 Chandler Investments 24,343,240.60 107,126.56 24,450,367.16 LAIF 8,387,235.88 (2,595,075.37) 5,792,160.51
$ 30,935,796.78
Operating Bank Reconciliation
General Ledger Balance 693,269.11
Outstanding Checks/Deposits/Adjustments $705,183.23
Statement Balance $1,398,452.34
Chandler Asset Management Reconciliation
General Ledger Balance 24,450,367.16
Cash Receivable Pending/Interest/Market Value/Other Adjustments 459.68 Statement Balance $ 24,450,826.84
LAIF Reconciliation
General Ledger Balance 5,792,160.51
Interest/Market Value/Other Adjustments -
Statement Balance $ 5,792,160.51

Page 2 ends

CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Cash and Investments
As of October 31, 2025
ATTACHMENT 1
Description Cost Value Market Value
Interest/Yield
to Maturity Maturity Date
% of
Portfolio
Cash and Cash Equivalents
Chase Bank (statement balance) $ 1,398,452.34 $ 1,398,452.34 0.000% n/a 4.24% LAIF $ 5,792,160.51 $ 5,832,913.80 4.150% n/a 17.55%
Investments
Chandler Investments
Asset-Backed Securities $ 2,227,360.41 $ 2,245,144.51 4.01% See Attached 6.75% Federal Agencies $ 3,622,120.50 $ 3,688,628.05 3.74% See Attached 10.97% Collater. Mortgage Obligation $ 2,284,173.72 $ 2,340,928.96 3.92% See Attached 6.92% Cash/ Receivable $ 459.70 $ 459.70 0.00% See Attached 0.00% Commercial Paper $ - $ - 0.00% See Attached 0.00%
US Corporate $ 6,045,183.80 $ 6,167,350.12 3.92% See Attached 18.31% Money Market Funds $ 466,909.58 $ 466,909.58 3.66% See Attached 1.41% Negotiable CDs $ - $ - 0.00% See Attached 0.00%
Supranational $ 615,157.20 $ 630,997.03 3.78% See Attached 1.86% US Treasury $ 9,189,461.93 $ 9,362,796.83 3.67% See Attached 27.84% Total Cash and Investments $31,641,439.69 $32,134,580.92 3.80% PARS Section 115 Trust Fund
Pension
Portfolio Balance $ 1,064,674.12 $ 1,375,728.06 0.000% n/a 3.23% OPEB
Portfolio Balance $ 300,000.00 $ 416,276.38 0.000% n/a 0.91% $ 1,364,674.12 $ 1,792,004.44
Bond Reserves
2020 Tax Allocation Revenue Bonds
Cash Management 2,022.20 2,022.20 0.000% n/a 0.01%
2022 Tax Allocation Revenue Bonds
Cash Management - - 0.000% n/a 0.00%
Total Bond Reserves $ 2,022.20 $ 2,022.20
Total Investment Portfolio $ 33,008,136.01 $ 33,928,607.56 100.00% PREPARED BY:

Signature on file
Lily Flyte, Finance Director
I hereby certify that the investments are in compliance with the investment policy adopted by the City Council.

The investment portfolio provides sufficient funds to meet the budgeted expenditures over the next six months.

This report meets the requirements of Government Code Section 53646.

Page 3 ends

Page 38 of 354 ends

MONTHLY ACCOUNT STATEMENT
City of Imperial Beach | Account | As of October 31, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

US Bank
ATTACHMENT 2

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PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (08/01/13)
City of Imperial Beach 0.34% 1.53% 4.63% 5.17% 5.75% 5.08% 2.13% 2.07% 1.87% Benchmark Return 0.34% 1.51% 4.28% 4.83% 5.29% 4.49% 1.65% 1.73% 1.55% Secondary Benchmark Return 0.34% 1.53% 4.40% 4.97% 5.51% 4.70% 1.78% 1.89% 1.70% Average Modified Duration 1.86
Average Coupon 3.90%
Average Purchase YTM 4.40%
Average Market YTM 3.80%
Average Credit Quality* AA+
Average Final Maturity 2.21
Average Life 2.01
End Values as of
09/30/2025
End Values as of
10/31/2025
Market Value 24,817,300.12 24,903,214.77
Accrued Interest 181,469.75 177,305.30
Total Market Value 24,998,769.86 25,080,520.07
Income Earned 97,057.91 90,380.33
Cont/WD 0.00 0.00
Par 24,787,808.90 24,872,395.59
Book Value 24,577,975.89 24,670,420.64
Cost Value 24,343,686.73 24,450,826.84
United States 37.60%
FHLMC 9.40%
Federal Home Loan Banks 7.71%
Farm Credit System 7.10%
First American Govt Oblig Fund 1.87%
PepsiCo, Inc. 1.35%
Blackrock, Inc. 1.22%
Toyota Motor Corporation 1.20%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-3 Year US Treasury Index Secondary Benchmark: ICE BofA 1-3 Year AAA-A US Corporate & Government Index *The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

Page 40 of 354 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 9.4 Compliant
Max Maturity (Years) 5.0 3.9 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 9.0 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 24.8 Compliant
Max % Issuer (MV) 5.0 1.4 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant

Page 41 of 354 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 14.8 Compliant
Max % Issuer (MV) 100.0 7.7 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 3 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV) 100.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 1.9 Compliant Max % Issuer (MV) 20.0 1.9 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 1.9 Compliant Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 or A- by 1) 0.0 0.0 Compliant

Page 42 of 354 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

REPURCHASE AGREEMENTS
Max % (MV) 100.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant

SRI PROHIBITED INVESTMENTS
Prohibited Investment - Fossil Fuels 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 2.5 Compliant
Max % Issuer (MV) 10.0 1.0 Compliant
Max Maturity (Years) 5 2 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 37.6 Compliant
Max % Issuer (MV) 100.0 37.6 Compliant
Max Maturity (Years) 5 4 Compliant

Page 43 of 354 ends

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 24,577,975.89 24,313,452.03
Maturities/Calls (1,200,000.00) (1,950,000.00)
Principal Paydowns (177,338.86) (380,871.23)
Purchases 2,614,055.22 4,924,557.94
Sales (1,154,295.90) (2,290,109.82)
Change in Cash, Payables, Receivables 13.52 (121.06)
Amortization/Accretion 10,044.50 51,163.78
Realized Gain (Loss) (33.72) 2,349.00
Ending Book Value 24,670,420.64 24,670,420.64
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 24,817,300.12 24,520,621.87
Maturities/Calls (1,200,000.00) (1,950,000.00)
Principal Paydowns (177,338.86) (380,871.23)
Purchases 2,614,055.22 4,924,557.94
Sales (1,154,295.90) (2,290,109.82)
Change in Cash, Payables, Receivables 13.52 (121.06)
Amortization/Accretion 10,044.50 51,163.78
Change in Net Unrealized Gain (Loss) (6,530.10) 25,624.29 Realized Gain (Loss) (33.72) 2,349.00
Ending Market Value 24,903,214.77 24,903,214.77
Maturities / Calls
Month to Date (1,200,000.00)
Fiscal Year to Date (1,950,000.00)
Principal Paydowns
Month to Date (177,338.86)
Fiscal Year to Date (380,871.23)
Purchases
Month to Date 2,614,055.22
Fiscal Year to Date 4,924,557.94
Sales
Month to Date (1,154,295.90)
Fiscal Year to Date (2,290,109.82)
Interest Received
Month to Date 84,134.63
Fiscal Year to Date 323,698.86
Purchased / Sold Interest
Month to Date 365.64
Fiscal Year to Date (11,551.20)

Page 44 of 354 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027 2,132.34 04/05/20223.16%
2,131.89
2,132.25

99.91 4.45%
2,130.52

2.75 0.01%
(1.72)
Aaa/AAA
NA

1.30 0.06
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 14,844.67 02/16/20235.09%
14,841.91
14,843.70
100.26

4.20%
14,883.64

20.78 0.06%

39.94 Aaa/NA
AAA

1.47 0.29
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027 20,868.38 02/15/20235.03%
20,975.99
20,893.21
100.33

4.12%
20,937.77

48.32 0.08%

44.56 Aaa/AAA
NA

1.79 0.29
38012QAD0 GMALT 2024-3 A3 4.21
10/20/2027 65,000.00 09/24/20244.61%
64,992.31
64,995.04
100.07

4.14%
65,048.10

83.62 0.26%

53.06 NA/AAA
AAA

1.97 0.66
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 35,431.33 02/22/2023

3.39%
35,424.88
35,428.54
100.40

4.12%
35,573.62

78.89 0.14%
145.09
Aaa/NA
AAA

2.04 0.43
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 60,000.00 05/17/20245.73%
59,992.98
59,995.75
101.05

4.12%
60,627.06
141.87

0.24%
631.31
Aaa/NA
AAA

2.22 0.83
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 95,000.00 09/17/20244.24%
94,984.01
94,989.20
100.12

4.12%
95,115.43
178.60

0.38%
126.22
NA/AAA
AAA

2.29 0.81
362583AD8 GMCAR 2023-2 A3 4.47
02/16/2028 31,901.05 04/04/20234.51%
31,900.17
31,900.63
100.13

4.17%
31,943.89

59.42 0.13%

43.26 Aaa/AAA
NA

2.30 0.39
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 100,000.00 02/05/20254.66%
99,988.20
99,991.00
100.73

4.05%
100,731.20
142.39

0.40%
740.20
NA/AAA
AAA

2.31 1.10
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 61,248.69 11/01/20235.74%
61,237.90
61,242.53
101.06

4.15%
61,898.54

96.47 0.25%
656.01
Aaa/NA
AAA

2.64 0.65
096912AD2 BMWLT 2025-1 A3 4.43
06/26/2028 60,000.00 06/03/20254.82%
59,998.68
59,998.85
100.63

4.03%
60,376.74

44.30 0.24%
377.89
NA/AAA
AAA

2.65 1.42
89239FAD4 TAOT 2023-D A3 5.54
08/15/2028 56,059.36 11/07/20235.61%
56,053.31
56,055.81
101.07

4.11%
56,658.91
138.03

0.23%
603.10
NA/AAA
AAA

2.79 0.71
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 245,000.00 09/07/2023

5.23%
244,932.09
244,961.01
101.01

4.00%
247,478.18
561.87

0.99%
2,517.16
NA/AAA
AAA

2.88 0.83
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028 130,000.00 10/08/20254.32%
129,999.64
129,999.65

99.94 4.04%
129,922.00
229.38

0.52%
(77.65)
NA/AAA
AAA

2.90 1.67
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 105,000.00 06/04/20245.18%
104,984.05
104,988.76
100.94

4.09%
105,988.68

90.65 0.43%
999.92
Aaa/AAA
NA

3.32 0.82
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 125,000.00 05/14/20254.66%
124,984.76
124,986.51
101.17

4.05%
126,465.38
256.11

0.51%
1,478.86
NA/AAA
AAA

3.46 1.92
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 120,000.00 06/06/20244.93%
119,993.27
119,995.18
101.52

3.94%
121,819.80
262.93

0.49%
1,824.62
Aaa/AAA
NA

3.54 1.45

Page 45 of 354 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 115,000.00 03/04/2025

5.09%
114,992.77
114,993.80
100.57

3.94%
115,649.87
216.20

0.46%
656.07
Aaa/NA
AAA

3.88 1.72
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 160,000.00 02/04/20254.56%
159,984.24
159,986.69
100.78

4.03%
161,243.84
121.60

0.65%
1,257.15
Aaa/AAA
NA

3.90 1.34
437921AD1 HAROT 252 A3 4.15 10/15/2029 75,000.00 04/29/2025

4.15%
74,991.62
74,992.53
100.34

4.00%
75,255.15
138.33

0.30%
262.62
Aaa/NA
AAA

3.96 1.79
44935XAD7 HART 2025-B A3 4.36
12/17/2029 95,000.00 06/03/20254.36%
94,991.42
94,992.16
100.88

3.93%
95,838.19
184.09

0.38%
846.02
NA/AAA
AAA

4.13 1.86
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 200,000.00 05/06/20254.28%
199,996.38
199,996.73
100.98

3.89%
201,964.80
380.44

0.81%
1,968.07
NA/AAA
AAA

4.45 2.28
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030 60,000.00 05/06/20254.71%
59,991.17
59,992.01
100.63

3.94%
60,375.48
107.00

0.24%
383.47
Aaa/AAA
NA

4.46 1.65
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030 195,000.00 06/03/20254.33%
194,996.76
194,997.02
101.14

3.90%
197,217.74
376.13

0.79%
2,220.72
NA/AAA
AAA

4.54 2.35
Total ABS 2,227,485.82 4.72%
2,227,360.41
2,227,348.56
100.79

4.01%
2,245,144.51
3,960.18

9.02%
17,795.95

3.36 1.41
AGENCY
3133ERPX3 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.25 11/19/2025 1,000,000.00 08/19/20244.42% 998,060.00
999,923.42
100.01

3.90%
1,000,124.00
19,125.00

4.02%
200.58
Aa1/AA+
AA+

0.05 0.04
3130AWTQ3 FEDERAL HOME LOAN BANKS

4.625 09/11/2026 1,000,000.00 09/13/20234.81%
994,820.00
998,511.88
100.73

3.75%
1,007,291.00
6,423.61

4.04%
8,779.12
Aa1/AA+
AA+

0.86 0.83
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 400,000.00 07/06/20234.49%
391,388.00
395,439.86
100.87

3.65%
403,478.80
6,311.11

1.62%
8,038.94
Aa1/AA+
AA+

2.61 2.41
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028 500,000.00 09/07/20234.49%
497,450.00
498,545.65
102.04

3.61%
510,204.50
3,220.49

2.05%
11,658.85
Aa1/AA+
AA+

2.86 2.65
3133EPWK7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 09/22/2028 250,000.00 10/12/20234.71%
247,682.50
248,642.66
102.33

3.64%
255,812.75
1,218.75

1.03%
7,170.09
Aa1/AA+
AA+

2.90 2.68
3133ERAK7

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
04/10/2029
500,000.00 04/22/2024

4.71%
492,720.00
494,956.60
102.34

3.64%
511,717.00
1,276.04

2.05%
16,760.40
Aa1/AA+
AA+

3.44 3.16
Total Agency 3,650,000.00 4.60%
3,622,120.50
3,636,020.07
101.07

3.74%
3,688,628.05
37,575.00

14.81%
52,607.98

1.61 1.49

AGENCY CMBS

Page 46 of 354 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137BMTX4 FHMS K-052 A2 3.151
11/25/2025 1,480.92 02/10/20234.54%
1,428.92
1,480.92

99.72 4.11%
1,476.71

3.89 0.01%
(4.21)
Aa1/AA+
AAA

0.07 0.07
3137BNGT5 FHMS K-054 A2 2.745
01/25/2026 177,001.15 02/15/20234.64%
168,075.04
176,480.10

99.53 4.21%
176,170.31
404.89

0.71%
(309.80)
Aa1/AA+
AAA

0.24 0.20
3137BQYS0 FHMS K-056 A2 2.525
05/25/2026 233,058.42 02/08/20234.44%
220,777.33
231,163.38

99.14 3.99%
231,064.37
490.39

0.93%
(99.01)
Aa1/AA+
AAA

0.56 0.47
3137BSP72 FHMS K-058 A2 2.653
08/25/2026 250,000.00 01/31/20234.06%
237,910.16
247,411.35

98.85 3.97%
247,130.00
552.71

0.99%
(281.35)
Aa1/AA+
AAA

0.82 0.75
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 250,000.00 02/08/2023

4.14%
242,861.33
247,855.38

99.30 3.91%
248,252.75
714.58

1.00%
397.37
Aa1/AA+
AAA

1.24 1.05
3137FBBX3 FHMS K-068 A2 3.244
08/25/2027 250,000.00 05/12/20233.98%
242,705.08
246,971.92

98.85 3.83%
247,113.00
675.83

0.99%
141.08
Aaa/AA+
AA+

1.82 1.67
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 220,000.00 05/24/2023

4.34%
211,440.63
215,962.75

98.82 3.86%
217,394.98
614.17

0.87%
1,432.23
Aa1/AA+
AAA

2.24 2.01
3137FJXV6 FHMS K-083 A2 4.05 09/25/2028 250,000.00 05/07/2025

4.15%
248,818.36
248,987.58
100.30

3.87%
250,743.75
843.75

1.01%
1,756.17
Aa1/AA+
AAA

2.90 2.67
3137FK4M5 FHMS K-085 A2 4.06 10/25/2028 236,000.00 05/07/2025

4.16%
234,902.97
235,056.27
100.34

3.87%
236,794.85
798.47

0.95%
1,738.58
Aaa/AA+
AA+

2.99 2.73
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 250,000.00 03/27/20254.36%
241,503.91
242,805.88

98.69 3.81%
246,727.75
712.92

0.99%
3,921.87
Aa1/AAA
AA+

3.32 3.03
3137FPJG1 FHMS K-099 A2 2.595
09/25/2029 250,000.00 06/03/20254.29%
233,750.00
235,303.62

95.22 3.94%
238,060.50
540.63

0.96%
2,756.88
Aa1/AA+
AAA

3.90 3.54
Total Agency CMBS 2,367,540.49 4.24%
2,284,173.72
2,329,479.16

98.90 3.92%
2,340,928.96
6,352.22

9.40%
11,449.80

2.05 1.85
CASH
CCYUSD Receivable 459.70 -- 459.70
459.70

1.00 0.00%
459.70

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 459.70
459.70
459.70

1.00 0.00%
459.70

0.00 0.00%

0.00 0.00

0.00 CORPORATE
594918BJ2 MICROSOFT CORP 3.125
11/03/2025 250,000.00 01/27/20234.27%
242,652.50
249,985.41
100.00

3.13%
250,000.00
3,862.85

1.00%

14.59 Aaa/AAA
NA

0.01 0.01
92826CAD4 VISA INC 3.15 12/14/2025 200,000.00 02/09/2023

4.50%
192,858.00
199,703.28

99.89 4.10%
199,774.40
2,397.50

0.80%

71.12 Aa3/AANA0.12

0.11

Page 47 of 354 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
713448FQ6 PEPSICO INC 4.55 02/13/2026 45,000.00 02/13/2023

4.57%
44,973.90
44,997.52
100.02

4.45%
45,007.16
443.63

0.18%

9.64 A1/A+
NA

0.29 0.19
037833BY5 APPLE INC 3.25 02/23/2026 250,000.00 02/01/2023

4.27%
242,755.00
249,259.92

99.76 4.03%
249,393.00
1,534.72

1.00%
133.08
Aaa/AA+
NA

0.31 0.30
00440EAV9 CHUBB INA HOLDINGS LLC 3.35
05/03/2026 200,000.00 03/09/20235.09%
190,024.00
198,408.36

99.68 4.00%
199,363.60
3,312.78

0.80%
955.24
A2/A
A

0.50 0.49
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 150,000.00 01/11/20234.55%
133,867.50
147,049.25

98.21 4.06%
147,309.30
623.44

0.59%
260.05
A1/A+
A+

0.63 0.61
74340XBU4 PROLOGIS LP 3.25 06/30/2026 200,000.00 01/27/2023

4.42%
192,662.00
198,580.69

99.94 3.34%
199,879.20
2,184.72

0.80%
1,298.51
A2/A
NA

0.66 0.05
857477CD3 STATE STREET CORP 5.272
08/03/2026 100,000.00 07/31/20235.27%
100,000.00
100,000.00
100.81

4.16%
100,808.70
1,288.71

0.40%
808.70
Aa3/A
AA0.760.64
69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 215,000.00 08/03/20235.07%
214,892.50
214,972.34
100.85

3.91%
216,826.86
2,442.94

0.87%
1,854.51
A1/A+
NA

0.77 0.74
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 250,000.00 09/12/20235.54%
249,922.50
249,978.98
101.10

4.09%
252,747.25
2,801.38

1.01%
2,768.27
Aa2/A+
AA

0.80 0.68
437076CV2 HOME DEPOT INC 4.95
09/30/2026 80,000.00 11/27/20235.04%
79,824.80
79,943.41
100.86

3.98%
80,685.92
341.00

0.32%
742.51
A2/A
A

0.91 0.80
61690U7W4 MORGAN STANLEY BANK NA

5.882 10/30/2026 250,000.00 10/31/20235.87%
250,077.50
250,024.37
101.72

4.09%
254,301.75

40.85 1.02%
4,277.38
Aa3/A+
AA1.000.88
713448FW3 PEPSICO INC 5.125 11/10/2026 90,000.00 11/08/2023

5.13%
89,975.70
89,991.71
101.12

4.00%
91,004.04
2,190.94

0.37%
1,012.33
A1/A+
NA

1.03 0.89
89115A2V3 TORONTO-DOMINION BANK

5.264 12/11/2026 115,000.00 12/04/20235.26%
115,000.00
115,000.00
101.28

4.06%
116,474.19
2,354.18

0.47%
1,474.19
A2/AAA1.11

1.05 24422EXF1 JOHN DEERE CAPITAL CORP 4.5
01/08/2027 250,000.00 01/18/20244.52%
249,852.50
249,940.92
100.71

3.88%
251,767.50
3,531.25

1.01%
1,826.58
A1/A
A+

1.19 1.13
78016HZT0 ROYAL BANK OF CANADA 4.875
01/19/2027 215,000.00 01/10/20244.88%
214,946.25
214,978.23
101.08

3.95%
217,327.59
2,969.69

0.87%
2,349.36
A1/A
AA1.221.15
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027 250,000.00 03/01/20244.78%
250,167.50
250,071.47
101.11

3.92%
252,773.00
2,166.67

1.02%
2,701.53
A1/AANA1.32

1.18 857477CL5 STATE STREET CORP 4.993
03/18/2027 160,000.00 03/13/20244.99%
160,000.00
160,000.00
101.41

3.92%
162,262.24
954.22

0.65%
2,262.24
Aa3/A
AA1.381.24
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 150,000.00 10/13/20225.00%
143,916.00
147,972.00
100.12

3.92%
150,181.50
2,850.00

0.60%
2,209.50
A2/A+
A+

1.52 1.36
14913UAL4 CATERPILLAR FINANCIAL
SERVICES CORP 5.0 05/14/2027 250,000.00 05/17/20244.93% 250,490.00
250,251.76
101.67

3.86%
254,186.25
5,798.61

1.02%
3,934.49
A2/A
A+

1.53 1.43

Page 48 of 354 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
437076DB5 HOME DEPOT INC 4.875
06/25/2027 200,000.00 --4.94%
199,626.55
199,795.03
101.62

3.85%
203,230.20
3,412.50

0.82%
3,435.17
A2/A
A

1.65 1.47
09290DAH4 BLACKROCK INC 4.6 07/26/2027 300,000.00 07/23/2024

4.57%
300,240.00
300,135.66
101.22

3.86%
303,669.00
3,641.67

1.22%
3,533.34
Aa3/AANA1.73

1.56 023135BC9 AMAZON.COM INC 3.15
08/22/2027 250,000.00 07/10/20244.73%
238,730.00
243,444.90

98.92 3.77%
247,311.00
1,509.38

0.99%
3,866.10
A1/AA
AA1.811.72
89236TKJ3 TOYOTA MOTOR CREDIT CORP

4.55 09/20/2027 150,000.00 06/20/20244.89%
148,485.00
149,121.15
101.20

3.88%
151,801.05
777.29

0.61%
2,679.90
A1/A+
A+

1.89 1.78
91324PDE9 UNITEDHEALTH GROUP INC 2.95
10/15/2027 240,000.00 07/30/20244.60%
228,345.60
232,903.85

98.25 3.89%
235,806.72
314.67

0.95%
2,902.87
A2/A+
A

1.96 1.87
57636QBA1 MASTERCARD INC 4.1
01/15/2028 250,000.00 09/19/20243.76%
252,557.50
251,676.13
100.57

3.83%
251,420.00
3,018.06

1.01%
(256.13)
Aa3/A+
NA

2.21 1.99
87612EBU9 TARGET CORP 4.35 06/15/2028 250,000.00 --

4.36%
249,927.10
249,936.63
100.93

3.97%
252,323.50
4,259.38

1.01%
2,386.87
A2/A
A

2.62 2.34
00287YBF5 ABBVIE INC 4.25 11/14/2028 250,000.00 05/13/2025

4.38%
248,965.00
249,103.27
100.77

3.98%
251,918.00
4,928.82

1.01%
2,814.73
A3/ANA3.04

2.55 713448GL6 PEPSICO INC 4.1 01/15/2029 200,000.00 07/29/2025

4.18%
199,516.00
199,551.97
100.52

3.92%
201,041.80
2,232.22

0.81%
1,489.83
A1/A+
NA

3.21 2.87
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 250,000.00 --4.92%
249,932.90
249,949.98
101.78

4.31%
254,440.25
3,310.80

1.02%
4,490.27
A1/A
AA3.232.07
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 120,000.00 01/22/20255.01%
120,000.00
120,000.00
101.93

4.28%
122,315.16
1,567.92

0.49%
2,315.16
A2/AAA3.24

2.07 Total Corporate 6,130,000.00 4.75%
6,045,183.80
6,106,728.17
100.62

3.92%
6,167,350.12
73,062.74

24.77%
60,621.95

1.47 1.26

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 466,909.58 --

3.70%
466,909.58
466,909.58

1.00 3.66%
466,909.58

0.00 1.87%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 466,909.58 3.70%
466,909.58
466,909.58

1.00 3.66%
466,909.58

0.00 1.87%

0.00 0.00

0.00 SUPRANATIONAL

Page 49 of 354 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
150,000.00 06/27/2023

4.53%
149,884.50
149,978.43
100.29

3.95%
150,430.95
3,112.50

0.60%
452.52
Aaa/AAA
NA

0.54 0.51
45950KDF4 INTERNATIONAL FINANCE CORP

4.375 01/15/2027 230,000.00 11/29/20234.49%
229,250.20
229,709.58
100.67

3.80%
231,540.08
2,963.52

0.93%
1,830.50
Aaa/AAA
NA

1.21 1.15
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
250,000.00 09/28/2023

4.82%
236,022.50
242,118.13

99.61 3.65%
249,026.00
2,649.31

1.00%
6,907.87
Aaa/AAA
NA

2.70 2.52
Total
Supranational 630,000.00 4.63%
615,157.20
621,806.14
100.16

3.78%
630,997.03
8,725.33

2.53%
9,190.89

1.64 1.54

US TREASURY
9128286S4 UNITED STATES TREASURY 2.375
04/30/2026 350,000.00 01/27/20233.84%
334,496.09
347,646.96

99.30 3.83%
347,543.70

22.96 1.40%
(103.26)
Aa1/AA+
AA+

0.50 0.48
9128282A7 UNITED STATES TREASURY 1.5
08/15/2026 350,000.00 01/27/20233.83%
323,175.78
344,045.98

98.26 3.78%
343,906.85
1,112.77

1.38%
(139.13)
Aa1/AA+
AA+

0.79 0.76
91282CLS8 UNITED STATES TREASURY 4.125
10/31/2026 1,000,000.00 11/06/20244.29%
996,953.13
998,466.03
100.36

3.75%
1,003,641.00
113.95

4.03%
5,174.97
Aa1/AA+
AA+

1.00 0.96
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 250,000.00 10/21/20224.40%
231,025.39
243,960.49

98.41 3.67%
246,035.25
549.45

0.99%
2,074.76
Aa1/AA+
AA+

1.41 1.36
91282CKJ9 UNITED STATES TREASURY 4.5
04/15/2027 250,000.00 05/21/20244.60%
249,287.11
249,642.88
101.18

3.65%
252,949.25
525.41

1.02%
3,306.37
Aa1/AA+
AA+

1.45 1.39
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 250,000.00 01/20/20233.59%
245,068.36
248,040.25

99.14 3.61%
247,861.25
1,338.05

1.00%
(179.00)
Aa1/AA+
AA+

1.83 1.75
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 1,000,000.00 10/11/20234.70%
979,570.31
990,158.78
100.94

3.61%
1,009,414.00
3,626.37

4.05%
19,255.22
Aa1/AA+
AA+

1.91 1.81
9128283F5 UNITED STATES TREASURY 2.25
11/15/2027 275,000.00 11/26/20244.25%
259,832.03
264,579.90

97.37 3.60%
267,770.53
2,858.36

1.08%
3,190.63
Aa1/AA+
AA+

2.04 1.94
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 475,000.00 03/06/20254.03%
469,452.15
470,636.02
100.07

3.59%
475,352.45
1,513.74

1.91%
4,716.43
Aa1/AA+
AA+

2.42 2.28
9128284V9 UNITED STATES TREASURY 2.875
08/15/2028 500,000.00 02/09/20244.17%
473,593.75
483,668.55

98.09 3.60%
490,449.00
3,046.88

1.97%
6,780.45
Aa1/AA+
AA+

2.79 2.63
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 400,000.00 03/18/20244.39%
378,906.25
386,243.21

98.62 3.61%
394,484.40
5,774.46

1.58%
8,241.19
Aa1/AA+
AA+

3.04 2.82
91282CEM9 UNITED STATES TREASURY 2.875
04/30/2029 450,000.00 09/19/20253.60%
438,978.52
439,313.52

97.53 3.63%
438,890.85

35.74 1.76%
(422.67)
Aa1/AA+
AA+

3.50 3.28

Page 50 of 354 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CES6 UNITED STATES TREASURY 2.75
05/31/2029 250,000.00 09/27/20243.53%
241,708.98
243,640.63

97.04 3.64%
242,588.00
2,892.76

0.97%
(1,052.63)
Aa1/AA+
AA+

3.58 3.32
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 400,000.00 10/30/20244.11%
398,062.50
398,471.45
101.20

3.65%
404,812.40
4,043.48

1.63%
6,340.95
Aa1/AA+
AA+

3.75 3.42
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 250,000.00 12/18/20244.25%
238,095.70
240,289.15

98.11 3.66%
245,273.50
1,338.05

0.98%
4,984.35
Aa1/AA+
AA+

3.83 3.55
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 500,000.00 08/27/20253.68%
496,679.69
496,824.15

99.43 3.66%
497,129.00
1,538.46

2.00%
304.85
Aa1/AA+
AA+

3.91 3.61
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 350,000.00 02/07/20254.35%
344,791.02
345,588.68
101.24

3.66%
354,347.70

38.67 1.42%
8,759.02
Aa1/AA+
AA+

4.00 3.66
91282CFY2 UNITED STATES TREASURY 3.875
11/30/2029 300,000.00 03/18/20254.08%
297,375.00
297,722.04
100.78

3.67%
302,343.90
4,891.39

1.21%
4,621.86
Aa1/AA+
AA+

4.08 3.68
91282CGB1 UNITED STATES TREASURY 3.875
12/31/2029 500,000.00 --4.01%
497,187.51
497,420.80
100.77

3.67%
503,828.00
6,528.53

2.02%
6,407.20
Aa1/AA+
AA+

4.17 3.76
91282CGJ4 UNITED STATES TREASURY 3.5
01/31/2030 300,000.00 09/29/20253.72%
297,410.16
297,462.48

99.31 3.68%
297,925.80
2,653.53

1.20%
463.32
Aa1/AA+
AA+

4.25 3.87
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 1,000,000.00 10/02/20253.67%
997,812.50
997,847.30

99.63 3.71%
996,250.00
3,186.81

4.00%
(1,597.30)
Aa1/AA+
AA+

4.91 4.44
Total US Treasury 9,400,000.00 4.08%
9,189,461.93
9,281,669.26

99.62 3.67%
9,362,796.83
47,629.83

37.60%
81,127.56

2.83 2.62
Total Portfolio 24,872,395.59 4.40%
24,450,826.84
24,670,420.64

98.28 3.80%
24,903,214.77
177,305.30
100.00%
232,794.13

2.21 1.86
Total Market Value
+ Accrued 25,080,520.07

Page 51 of 354 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 10/02/2025 31846V203 1,000,446.18 FIRST AMER:GVT OBLG Y 1.000 3.73% (1,000,446.18) 0.00 (1,000,446.18) 0.00 Purchase 10/03/2025 91282CPA3 1,000,000.00 UNITED STATES TREASURY

3.625 09/30/2030 99.781 3.67% (997,812.50) (298.76) (998,111.26) 0.00 Purchase 10/10/2025 31846V203 61,566.74 FIRST AMER:GVT OBLG Y 1.000 3.72% (61,566.74) 0.00 (61,566.74) 0.00 Purchase 10/15/2025 05594HAD5 130,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 100.000 4.32% (129,999.64) 0.00 (129,999.64) 0.00 Purchase 10/15/2025 31846V203 1,517.32 FIRST AMER:GVT OBLG Y 1.000 3.78% (1,517.32) 0.00 (1,517.32) 0.00 Purchase 10/16/2025 31846V203 5,008.63 FIRST AMER:GVT OBLG Y 1.000 3.78% (5,008.63) 0.00 (5,008.63) 0.00 Purchase 10/20/2025 31846V203 616.37 FIRST AMER:GVT OBLG Y 1.000 3.76% (616.37) 0.00 (616.37) 0.00 Purchase 10/21/2025 31846V203 7,201.92 FIRST AMER:GVT OBLG Y 1.000 3.76% (7,201.92) 0.00 (7,201.92) 0.00 Purchase 10/27/2025 31846V203 159,386.50 FIRST AMER:GVT OBLG Y 1.000 3.78% (159,386.50) 0.00 (159,386.50) 0.00 Purchase 10/27/2025 31846V203 1,896.92 FIRST AMER:GVT OBLG Y 1.000 3.78% (1,896.92) 0.00 (1,896.92) 0.00 Purchase 10/30/2025 31846V203 7,352.50 FIRST AMER:GVT OBLG Y 1.000 3.80% (7,352.50) 0.00 (7,352.50) 0.00 Purchase 10/31/2025 31846V203 241,250.00 FIRST AMER:GVT OBLG Y 1.000 3.70% (241,250.00) 0.00 (241,250.00) 0.00 Total Purchase 2,616,243.08 (2,614,055.22) (298.76) (2,614,353.98) 0.00 TOTAL
ACQUISITIONS 2,616,243.08 (2,614,055.22) (298.76) (2,614,353.98) 0.00

DISPOSITIONS
Maturity 10/02/2025 912797MS3 (1,000,000.00) UNITED STATES TREASURY 10/02/2025 100.000 4.20% 1,000,000.00 0.00 1,000,000.00 0.00 Maturity 10/31/2025 9128285J5 (200,000.00) UNITED STATES TREASURY

3.0 10/31/2025 100.000 3.05% 200,000.00 0.00 200,000.00 0.00 Total Maturity (1,200,000.00) 1,200,000.00 0.00 1,200,000.00 0.00 Sale 10/03/2025 31846V203 (998,111.26) FIRST AMER:GVT OBLG Y 1.000 3.73% 998,111.26 0.00 998,111.26 0.00 Sale 10/07/2025 31846V203 (2,079.81) FIRST AMER:GVT OBLG Y 1.000 3.72% 2,079.81 0.00 2,079.81 0.00 Sale 10/10/2025 9128285J5 (50,000.00) UNITED STATES TREASURY

3.0 10/31/2025 99.930 3.05% 49,964.84 (664.40) 50,629.24 (33.73) Sale 10/15/2025 31846V203 (104,139.99) FIRST AMER:GVT OBLG Y 1.000 3.78% 104,139.99 0.00 104,139.99 0.00 Total Sale (1,154,331.06) 1,154,295.90 (664.40) 1,154,960.30 (33.73)

Page 52 of 354 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTAL
DISPOSITIONS (2,354,331.06) 2,354,295.90 (664.40) 2,354,960.30 (33.73) OTHER

TRANSACTIONS
Coupon 10/01/2025 3137BNGT5 0.00 FHMS K-054 A2 2.745
01/25/2026 4.64% 487.79 0.00 487.79 0.00
Coupon 10/01/2025 3137BMTX4 0.00 FHMS K-052 A2 3.151
11/25/2025 4.54% 309.84 0.00 309.84 0.00
Coupon 10/01/2025 3137BQYS0 0.00 FHMS K-056 A2 2.525
05/25/2026 4.44% 491.45 0.00 491.45 0.00
Coupon 10/01/2025 3137FLMV3 0.00 FHMS K-090 A2 3.422
02/25/2029 4.36% 712.92 0.00 712.92 0.00
Coupon 10/01/2025 3137FETN0 0.00 FHMS K-073 A2 3.35
01/25/2028 4.34% 614.17 0.00 614.17 0.00
Coupon 10/01/2025 3137FPJG1 0.00 FHMS K-099 A2 2.595
09/25/2029 4.29% 540.63 0.00 540.63 0.00
Coupon 10/01/2025 3137FK4M5 0.00 FHMS K-085 A2 4.06
10/25/2028 4.16% 798.47 0.00 798.47 0.00
Coupon 10/01/2025 3137FJXV6 0.00 FHMS K-083 A2 4.05
09/25/2028 4.15% 843.75 0.00 843.75 0.00
Coupon 10/01/2025 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.14% 714.58 0.00 714.58 0.00
Coupon 10/01/2025 3137BSP72 0.00 FHMS K-058 A2 2.653
08/25/2026 4.06% 552.71 0.00 552.71 0.00
Coupon 10/01/2025 3137FBBX3 0.00 FHMS K-068 A2 3.244
08/25/2027 3.98% 675.83 0.00 675.83 0.00
Coupon 10/10/2025 3133ERAK7 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.375 04/10/2029

4.71% 10,937.50 0.00 10,937.50 0.00
Coupon 10/15/2025 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.73% 266.00 0.00 266.00 0.00

Page 53 of 354 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 10/15/2025 89239FAD4 0.00 TAOT 2023-D A3 5.54
08/15/2028 5.61% 275.27 0.00 275.27 0.00
Coupon 10/15/2025 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 1,053.50 0.00 1,053.50 0.00
Coupon 10/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 405.38 0.00 405.38 0.00
Coupon 10/15/2025 58768PAC8 0.00 MBART 2022-1 A3 5.21
08/16/2027 5.03% 104.96 0.00 104.96 0.00
Coupon 10/15/2025 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 493.00 0.00 493.00 0.00
Coupon 10/15/2025 58768YAD7 0.00 MBALT 2025-A A3 4.61
04/16/2029 4.66% 480.21 0.00 480.21 0.00
Coupon 10/15/2025 91282CKJ9 0.00 UNITED STATES TREASURY

4.5 04/15/2027 4.60% 5,625.00 0.00 5,625.00 0.00
Coupon 10/15/2025 91324PDE9 0.00 UNITEDHEALTH GROUP
INC 2.95 10/15/2027 4.60% 3,540.00 0.00 3,540.00 0.00
Coupon 10/15/2025 44935XAD7 0.00 HART 2025-B A3 4.36
12/17/2029 4.36% 345.17 0.00 345.17 0.00
Coupon 10/15/2025 92970QAJ4 0.00 WFCIT 2025-1 A 4.34
05/15/2030 4.33% 705.25 0.00 705.25 0.00
Coupon 10/15/2025 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 713.33 0.00 713.33 0.00
Coupon 10/15/2025 58769GAD5 0.00 MBALT 2024-B A3 4.23
02/15/2028 4.24% 334.88 0.00 334.88 0.00
Coupon 10/15/2025 437921AD1 0.00 HAROT 252 A3 4.15
10/15/2029 4.15% 259.37 0.00 259.37 0.00
Coupon 10/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 166.61 0.00 166.61 0.00
Coupon 10/15/2025 47787JAC2 0.00 JDOT 2022 A3 2.32
09/15/2026 2.34% 2.43 0.00 2.43 0.00
Coupon 10/16/2025 362549AD9 0.00 GMCAR 2025-2 A3 4.28
04/16/2030 4.71% 214.00 0.00 214.00 0.00
Coupon 10/16/2025 362583AD8 0.00 GMCAR 2023-2 A3 4.47
02/16/2028 4.51% 131.10 0.00 131.10 0.00

Page 54 of 354 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 10/16/2025 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.16% 9.03 0.00 9.03 0.00
Coupon 10/20/2025 36271VAD9 0.00 GMALT 2025-1 A3 4.66
02/21/2028 4.66% 388.33 0.00 388.33 0.00
Coupon 10/20/2025 38012QAD0 0.00 GMALT 2024-3 A3 4.21
10/20/2027 4.61% 228.04 0.00 228.04 0.00
Coupon 10/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 310.18 0.00 310.18 0.00
Coupon 10/21/2025 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 72.52 0.00 72.52 0.00
Coupon 10/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 453.25 0.00 453.25 0.00
Coupon 10/25/2025 096912AD2 0.00 BMWLT 2025-1 A3 4.43
06/26/2028 4.82% 221.50 0.00 221.50 0.00
Coupon 10/25/2025 096924AD7 0.00 BMWOT 2025-A A3 4.56
09/25/2029 4.56% 608.00 0.00 608.00 0.00
Coupon 10/30/2025 61690U7W4 0.00 MORGAN STANLEY BANK
NA 5.882 10/30/2026 5.87% 7,352.50 0.00 7,352.50 0.00
Coupon 10/31/2025 91282CFT3 0.00 UNITED STATES TREASURY

4.0 10/31/2029 4.35% 7,000.00 0.00 7,000.00 0.00
Coupon 10/31/2025 91282CLS8 0.00 UNITED STATES TREASURY

4.125 10/31/2026 4.29% 20,625.00 0.00 20,625.00 0.00
Coupon 10/31/2025 9128286S4 0.00 UNITED STATES TREASURY

2.375 04/30/2026 3.84% 4,156.25 0.00 4,156.25 0.00
Coupon 10/31/2025 91282CEM9 0.00 UNITED STATES TREASURY

2.875 04/30/2029 3.60% 6,468.75 0.00 6,468.75 0.00
Coupon 10/31/2025 9128285J5 0.00 UNITED STATES TREASURY

3.0 10/31/2025 3.05% 3,000.00 0.00 3,000.00 0.00
Total Coupon 0.00 83,688.45 0.00 83,688.45 0.00
Dividend 10/31/2025 31846V203 0.00 FIRST AMER:GVT OBLG Y 3.68% 459.70 0.00 459.70 0.00 Total Dividend 0.00 459.70 0.00 459.70 0.00
Management Fee 10/07/2025 CCYUSD (2,079.81) Cash 0.00% (2,079.81) 0.00 (2,079.81) 0.00

Page 55 of 354 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Total
Management Fee (2,079.81) (2,079.81) 0.00 (2,079.81) 0.00 Principal Paydown 10/01/2025 3137BNGT5 36,239.66 FHMS K-054 A2 2.745 01/25/2026 4.64% 36,239.66 -- 36,239.66 0.00
Principal Paydown 10/01/2025 3137BMTX4 116,516.32 FHMS K-052 A2 3.151 11/25/2025 4.54% 116,516.32 -- 116,516.32 (0.00)
Principal Paydown 10/01/2025 3137BQYS0 502.55 FHMS K-056 A2 2.525 05/25/2026 4.44% 502.55 -- 502.55 0.01
Principal Paydown 10/15/2025 89239FAD4 3,566.16 TAOT 2023-D A3 5.54 08/15/2028 5.61% 3,566.16 -- 3,566.16 0.00
Principal Paydown 10/15/2025 58768PAC8 3,307.74 MBART 2022-1 A3 5.21 08/16/2027 5.03% 3,307.74 -- 3,307.74 (0.00)
Principal Paydown 10/15/2025 47800CAC0 4,474.76 JDOT 2023 A3 5.01 11/15/2027 3.39% 4,474.76 -- 4,474.76 (0.00)
Principal Paydown 10/15/2025 47787JAC2 1,257.95 JDOT 2022 A3 2.32 09/15/2026 2.34% 1,257.95 -- 1,257.95 0.01
Principal Paydown 10/16/2025 362583AD8 3,292.47 GMCAR 2023-2 A3 4.47 02/16/2028 4.51% 3,292.47 -- 3,292.47 (0.01)
Principal Paydown 10/16/2025 362585AC5 1,362.03 GMCAR 2022-2 A3 3.1 02/16/2027 3.16% 1,362.03 -- 1,362.03 0.00
Principal Paydown 10/21/2025 438123AC5 4,397.28 HAROT 2023-4 A3 5.67 06/21/2028 5.74% 4,397.28 -- 4,397.28 (0.00)
Principal Paydown 10/21/2025 43815JAC7 2,421.94 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 2,421.94 -- 2,421.94 0.00
Total Principal
Paydown 177,338.86 177,338.86 -- 177,338.86 0.01

TOTAL OTHER
TRANSACTIONS 175,259.05 259,407.20 0.00 259,407.20 0.01

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Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
November 24, 2025
LAIF Home
PMIA Average Monthly Yields

CITY OF IMPERIAL BEACH

CITY TREASURER
825 IMPERIAL BEACH BLVD
IMPERIAL BEACH, CA 91932
Account Number:

October 2025 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
10/7/2025 10/7/2025 RW 1783251 1743863 LILY FLYTE -1,200,000.00 10/15/2025 10/14/2025 QRD 1785559 N/A SYSTEM 104,924.63 10/16/2025 10/16/2025 RW 1785877 1746495 LILY FLYTE -1,000,000.00 10/21/2025 10/21/2025 RW 1786059 1746680 LILY FLYTE -500,000.00 Account Summary
Total Deposit: 104,924.63 Beginning Balance: 8,387,235.88 Total Withdrawal: -2,700,000.00 Ending Balance: 5,792,160.51 ATTACHMENT 3

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December 3, 2025
ITEM TITLE: RESOLUTION 2025-068 CONTINUING THE PROCLAMATION OF A STATE OF

LOCAL EMERGENCY RELATING TO IMPACTS FROM CROSS-BORDER POLLUTION IN THE TIJUANA RIVER. (0150-40 & 0210-26)
ORIGINATING DEPARTMENT:

Environmental & Natural Resources
EXECUTIVE SUMMARY:

This resolution maintains the City's declaration of a local state of emergency caused by the effects of cross-border pollution originating from the Tijuana River, including both treated and untreated wastewater. Due to contaminated flows in the river, the stretch of Imperial Beach shoreline between the southern end of Seacoast Drive and the border remains severely impacted, with closures lasting all of 2025 to date, 365 days in 2024, 365 days in 2023, 365 days in 2022, 246 days in 2021, 295 days in 2020, 245 days in 2019, and 101 days in 2018. The persistent impacts of these flows continue to affect the Tijuana River Valley, Estuary, beach water quality, and present an emerging threat to air quality that is currently being monitored and studied by the County Air Pollution Control District and Scripps Institute of Oceanography.

The City requires a local state of emergency to enable it to respond to the unpredictable conditions in the Tijuana River, which pose risks to the health, safety, and welfare of Imperial Beach residents, visitors, and the environment. Unless a continuing resolution is passed, declarations of a state of local emergency will expire within 60 days.

RECOMMENDATION:

OPTIONS:
 Adopt Resolution and recommendation from staff;
 Reject Resolution; or
 Request additional information and an additional report BACKGROUND/ANALYSIS:

The presence of cross-border pollution in the Tijuana River, combined with the lack of action from federal and state agencies to address this issue, constitutes compelling evidence for the declaration of a local state of emergency within the City. The pollution in the river poses a serious threat to the health and safety of citizens and wildlife in the City of Imperial Beach, with particularly acute effects during and after rain events or illegal discharge events. This pollution has a severe

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impact on the surrounding ecosystem, leading to poor water quality that can persist for days, months, or even years. Furthermore, pollution has a significant impact on recreational activities along the Imperial Beach shoreline, with beach closures causing disruption to residents and visitors alike.

Given these circumstances, the City of Imperial Beach along with the City of Chula Vista, City of Coronado, City of San Diego, County of San Diego, Port of San Diego, South Bay Union School District, Sweetwater Union High School District of San Diego County have issued a state of local emergency resolution for the Tijuana River, which allows for flexible responses to changing conditions. The City Council has the authority to issue a local state of emergency, which would last for 60 days or until the next regularly scheduled City Council meeting unless renewed by a continuing resolution. This declaration would enable the City to take swift and effective action to protect the health, safety, and welfare of all those affected by the pollution in the Tijuana River.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

None
ATTACHMENTS:

1. Resolution No. 2025-068

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ATTACHMENT 1
RESOLUTION NO. 2025-068

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA,

CONTINUING THE PROCLAMATION OF A STATE OF LOCAL EMERGENCY RELATING TO

IMPACTS FROM CROSS-BORDER POLLUTION IN THE TIJUANA RIVER WHEREAS, Government Code Section 8630 and Imperial Beach Municipal Code (IBMC) Section 2.52.060 empower the City Manager, acting as the Director of Emergency Services, to request that the City Council proclaim the existence of a local emergency when the City is affected by a public calamity; and
WHEREAS, the City Manager, as Director of Emergency Services of the City of Imperial Beach, does hereby find that continued conditions of extreme peril to safety of persons, property, and environment have arisen within said City, caused by persistent impacts from cross-border pollution in the Tijuana River; and
WHEREAS, the persistent impact of cross-border flows of treated and untreated wastewater in the Tijuana River, excessive discharge of sediment into the Tijuana Estuary during storm events, and the continued impact of trash and waste tires in the Tijuana River Valley maintains a condition of extreme peril in the City; and WHEREAS, transboundary flow events in the Tijuana River impacts water quality along the Imperial Beach shoreline and result in significant beach closure days at Border Field State Park, which include 101 days in 2018; 243 days in 2019; 295 days in 2020, 246 days in 2021, 365 days in 2022, 365 days in 2023, 365 days in 2024, and all of 2025; and WHEREAS, transboundary flows of pollution include untreated sewage, trash, sediment, hazardous chemicals, heavy metals, and toxins continue to impact the Tijuana River, Estuary, coastal waters of the Pacific Ocean, and tributary canyons including Stewart’s Drain, Canon del Sol, Silva Drain, Smuggler’s Gulch, Goat Canyon, and Yogurt Canyon; and WHEREAS, the presence of pollution is creating unsafe conditions for residents and visitors who live, work, or recreate in the Tijuana River Valley and may come in contact with contaminated water; and
WHEREAS, pursuant to Section 8558(c) of the California Government Code, the pollution in the Tijuana River is beyond the control of the services, personnel, equipment and facilities of the City of Imperial Beach; and
WHEREAS, pollutants in the Tijuana River are causing contamination of the Tijuana River Valley, Tijuana Estuary, and the water and beaches of the City of Imperial Beach threatening the health, safety, and welfare of the citizens of Imperial Beach as well as visitors to our beaches; and
WHEREAS, the flow of the contaminants and untreated wastewater continues to escalate due to inadequate wastewater infrastructure in the city of Tijuana and lack of sufficient operation and maintenance of existing infrastructure; and
WHEREAS, this flow is the acknowledged responsibility of the federal governments of the United States and Mexico; and

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Resolution No. 2025-068

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WHEREAS, researchers at the Scripps Institute of Oceanography are studying the relationship of nearshore ocean currents and aerosolized transmission of contaminates as potential public health concerns for communities impacted by Tijuana River pollution; and WHEREAS, this condition constitutes an economic and public health threat which warrants and necessitates the proclamation and existence of a local emergency; and WHEREAS, after decades of sewage spills polluting the Tijuana River and after decades of talk and no meaningful action by federal agencies, the City of Imperial Beach, Port of San Diego, and City of Chula Vista filed a lawsuit on March 2, 2018 against the International Boundary and Water Commission for violation of the Clean Water Act which helped secure additional federal funding and commitments to the river valley; and
WHEREAS, the renewed federal attention from the Environmental Protection Agency and International Boundary and Water Commission led to a careful assessment of project options to manage pollution and ultimately a recommendation to support “Alternative 2” in the USMCA Programmatic Environmental Impact Statement, which represents the preferred Tijuana River Comprehensive Solution that is supported by the City; and WHEREAS, additional funding and commitments are needed to completely implement the preferred Comprehensive Solution for the Tijuana River; and WHEREAS, the City of San Diego has maintained a continuous local state of emergency for the Tijuana River since September 1993; and
WHEREAS, the County of San Diego issued a Public Health Emergency order for the Tijuana River in February 2021 and Local State of Emergency in June 2023; and WHEREAS, the South Bay Union School District of San Diego County adopted a proclamation for a local emergency in the Tijuana River in February 2024; and WHEREAS, the Sweetwater Union High School District of San Diego County adopted a resolution for a local emergency in the Tijuana River in March 2024; and WHEREAS, the Southern Indian Health Council adopted a proclamation asking for funding and a declaration for a public health emergency in the Tijuana River in April 2024; and WHEREAS, the Port of San Diego adopted a Local State of Emergency in April 2024; and WHEREAS, the City of Chula Vista adopted a Resolution declaring a State of Local Emergency Related to the Impacts of Cross-Border Contamination in November 2024; and WHEREAS, the County Air Pollution Control District and Scripps Institute of Oceanography are monitoring potential impacts to air quality related to the ongoing sewage crisis; and
WHEREAS, the City Council authorizes the Mayor to send letters or other correspondence on the City’s behalf to state, federal, or other local agencies related to the pollution crisis.

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Resolution No. 2025-068

Page 3 of 3 ends

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Imperial Beach as follows:

1. The above recitals are true and correct.

2. A local emergency exists throughout the City of Imperial Beach.

3. The City Manager, Mayor, and Council members are authorized to work with local, State, Federal, and Mexican authorities and to explore any and all options to improve conditions in the Tijuana River.

4. This proclamation of a local emergency shall expire within the timeframes prescribed by State law unless renewed by the City Council.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 3
rd day of December 2025, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

MITCHELL D. MCKAY, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

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December 3, 2025
ITEM TITLE: APPROVAL OF RESOLUTION NO. 2025-067 PURSUANT TO PUBLIC CONTRACTS CODE SECTION 22050 FINDING THE CONTINUED EXISTENCE OF AN EMERGENCY DUE TO THE FAILURE OF SEWER PUMPS AT PUMP STATION NO. 8. (0830- 35)
ORIGINATING DEPARTMENT:

Public Works
EXECUTIVE SUMMARY:

Pump Station 8 (PS8) is a wet/dry well facility over 60 years old that has experienced ongoing pump issues in recent years. Staff has been working with Michael Baker International (MBI), the City’s engineering consultant, to develop plans and specifications for a comprehensive rehabilitation project that includes new pumps, plumbing, and electrical upgrades. The design is nearly complete and scheduled to go out to bid in the coming weeks.

PS8 contains three identical pumps, with two typically alternating workloads and the third serving as a standby for emergencies. Within the past two weeks, two pumps failed, and on Saturday, October 11, 2025, the final operating pump also failed. These pumps are obsolete, and no replacement parts or compatible pumps are available. As a result, the station is currently gravity bypassing to Pump Station 9 (PS9). Accelerating the PS8 project is critical to relieve excessive flows being redirected to PS9.

Public Contract Code Section 20168 provides that the City Council may pass by four-fifths (4/5) vote, a resolution declaring that the public interest and necessity demand the immediate expenditure of public money to safeguard life, health, or property. Upon adoption of such resolution, the City Manager may expend any sum required in the emergency and report the same to the City Council in accordance with Public Contract Code Section 22050. The Council approved the initial emergency resolution on October 15, 2025. This report is to follow-up on actions taken and to request the extension of the emergency pursuant to State law.

RECOMMENDATION:

Adopt Resolution No. 2025-067 to continue the existence of the emergency and ratify actions taken in furtherance of the emergency.

OPTIONS:
 Adopt Resolution No. 2025-067;
 Provide other direction to the City Manager to take a specific action; or  Request additional information and an additional report

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BACKGROUND/ANALYSIS:

The City of Imperial Beach operates and maintains eleven sanitary pump stations that collect and relay sanitary flows to varying locations in the City’s collection system for ultimate conveyance to the City of San Diego METRO system. The sanitary pump stations are of varying styles and include various types of pumps. Pump Station 8 (PS8), located at 895 Imperial Beach Blvd., adjacent to the Imperial Beach Fire Station, is one of two major pump stations (Pump Station 9 being the other) used by the City of Imperial Beach to convey collected sanitary flows directly to the METRO system (eventually entering the Point Loma Wastewater Treatment Plant for treatment) operated by the City of San Diego.

PS8 is a wet/dry well facility that is over 60 years old. It has had ongoing pump issues over the past few years. Staff has been working with Michael Baker International (MBI), the City’s engineering consultant, to put together plans and specifications for an overall rehabilitation project that includes new pumps, plumbing and electrical upgrades. The design is near completion and would be put out to bid in the next few weeks.

PS8 has three identical pumps. Workload is typically alternated between two of the three pumps.

The third pump is for emergency purposes only. Two of the pumps failed within the last two weeks.

Then on Saturday, October 11, 2025, the last remaining working pump failed. The three pumps at PS8 are obsolete and no parts or replacement pumps are available. The station is currently gravity bypassing to PS9. It is necessary to accelerate the completion of the PS8 project to alleviate the excessive flows going to PS9. In the event of a power loss or failure of the pumps at PS9, staff has an emergency generator and/or portable pumps that could be installed to keep the pump station operational.

Pump Station 8 Construction Project has an approved budget of $1,500,000 for FY26 in the current Biennial FY26 & FY27 City of Imperial Beach budget. Funds were appropriated from the Sewer Enterprise Fund.

IBMC section 3.04.120A allows for competitive bidding to be dispensed with when the City Manager determines that an emergency requires an order to be placed with the nearest available source of supply in order to mitigate the threat to public health and safety.

The City Manager, acting pursuant IBMC section 3.04.120A, may determine the existence of a local emergency based on conditions of extreme peril to the safety of persons and property caused by the pump station failure.

Public Contract Code Section 20168 provides that the City Council may pass by four-fifths (4/5) vote, a resolution declaring that the public interest and necessity demand the immediate expenditure of public money to safeguard life, health, or property. Upon adoption of such resolution, the City Manager may expend any sum required in the emergency and report the same to the City Council in accordance with Public Contract Code Section 22050. Such resolution was approved at the October 15, 2025 special Council meeting. On November 5 and November 19 the City Council approved resolutions to continue the ongoing emergency.

If such expenditure is ordered, the City Council shall review the emergency action at each regular meeting, to determine if there is a need to continue the action.

Pump Station 8’s failure constitutes an emergency within the terms of Public Contract Code Sections 20168 and 22050, which requires that the City Manager be able to act quickly and without complying with the notice and bidding procedures of the Public Contract Code to repair and protect such public facilities.

Since the last Council meeting on November 19, 2025, there has not been any new work at PS8.

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Staff recommends Council approve Resolution 2025-067 to continue the emergency and ratify the expenditures and contracts made thus far in furtherance of the emergency.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

Fiscal Year: 26
Budgeted: Yes
Budget Amendment No
Account No(s).: 601-5060-536.2006
Project No(s).: W26101
Fiscal Analysis: $335,000
Current Budget: $335,000
Anticipated Expenditure: $335,000
ATTACHMENTS:

1. Resolution No. 2025-067

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ATTACHMENT 1
RESOLUTION NO. 2025-067

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA, PURSUANT TO PUBLIC CONTRACTS CODE SECTION 22050 FINDING THE CONTINUED

EXISTENCE OF AN EMERGENCY DUE TO THE FAILURE OF SEWER PUMPS AT PUMP STATION NO. 8
WHEREAS, as of October 11, 2025, three sanitary pumps located at Pump Station No. 8, one of two major sanitary pump stations located in the City of Imperial Beach, have failed, resulting in the potential for a sanitary system failure in the City, creating a threat to public health and safety; and
WHEREAS, pursuant to Imperial Beach Municipal Code (“IBMC”) section 3.04.120A, competitive bidding can be dispensed with when the City Manager determines that an emergency requires that an order be placed with the nearest available source of supply in order to mitigate the threat to public health and safety; and
WHEREAS, Public Contract Code (PCC) Section 20168 provides that the City Council may pass by four-fifths (4/5) vote, a resolution declaring that the public interest and necessity demand the immediate expenditure of public money to safeguard life, health, or property; and WHEREAS, upon adoption of such resolution, the City Manager may expend any sum required in the emergency and report the same to the City Council in accordance with Public Contract Code Section 22050; and
WHEREAS, if such expenditure is ordered, the City Council shall review the emergency action at each regular meeting, to determine if there is a need to continue the action; and WHEREAS, Pump Station No. 8’s failure and likelihood of a sanitary system failure constitutes an emergency within the terms of PCC Sections 20168 and 22050 which requires that the City Manager be able to act quickly and without complying with the notice and bidding procedures of the Public Contract Code to repair and protect such public facilities; and WHEREAS, in accordance with PCC Sections 20168 and 22050, the City Council may repair or replace a public facility, take any related and immediate action required by that emergency, and procure the necessary equipment, services and supplies for those purposes, without giving notice for bids to let contracts; and
WHEREAS, pursuant to these codes, at the October 15, 2025 City Council meeting, the City Council approved a resolution declaring that the public interest and necessity demanded the immediate expenditure of public money to safeguard life, health or property for the emergency pump station repairs and equipment; and
WHEREAS, based on that City Council authorization, since the November 19, 2025 City Council meeting, City staff has not made any new expenditures; and WHEREAS, the City Council of the City of Imperial Beach has reviewed the need to continue the previously approved emergency action and related repairs; and WHEREAS, sufficient funds exist in the City’s wastewater treatment operating fund to pay for the emergency repairs and equipment.

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Resolution No. 2025-067

Page 2 ends

NOW, THEREFORE, BE IT RESOLVED THAT the City Council of the City of Imperial Beach hereby finds and declares:

1. The above-listed recitals are true and correct and incorporated herein.

2. Any expenditures made pursuant to such emergency are hereby approved and ratified.

3. The City Council does hereby declare the extension of the period of the emergency through the next regular City Council meeting, January 21, 2026, unless sooner terminated.

4. This Resolution shall become effective immediately upon its adoption.

PASSED, ADOPTED, AND APPROVED by the City Council of the City of Imperial Beach, California, at a regular meeting thereof, this 3
rd day of December 2025.

AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:
_________________________
MITCHELL D. MCKAY, MAYOR
ATTEST:
__________________________
JACQUELINE M. KELLY, MMC

CITY CLERK

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December 3, 2025
ITEM TITLE: RESOLUTION 2025-064 APPROVING THE CALENDAR AND SETTING THE TIME FOR REGULAR CITY COUNCIL MEETINGS FOR 6:00 P.M. FOR THE YEAR 2026. (0410-95)
ORIGINATING DEPARTMENT:

City Clerk
EXECUTIVE SUMMARY:

Annually at the end of the calendar year, the City Council adopts the calendar and sets the time for Regular City Councill meetings.

RECOMMENDATION:

OPTIONS:
 Adopt Resolution No. 2025-064 approving the calendar and setting the start time for Regular City Councill meetings for 6:00 p.m. for the year 2026; or  Do not adopt Resolution 2025-064, request additional information, and an additional report.

BACKGROUND/ANALYSIS:

According to Imperial Beach Municipal Code §2.12.040.A and City Council Policy 1.1, unless otherwise specified by resolution, the City Council must hold regular meetings on the first and third Wednesdays of each month at an hour to be set by resolution. Additionally, the City Council has historically adopted the meeting calendar for the upcoming year after review of potential meeting schedule conflicts.

Upon review of the holiday and conference schedules for the year 2026, staff recommends cancellation of the following Regular City Council meetings:
 July 1 due to the 4th of July holiday;
 July 15 due to the City Council going dark in the summer; and  December 16 historically the City Council does not schedule a meeting on the third Wednesday of December unless required for urgent City business.

Staff further recommends cancellation of the January 6, 2027, Regular City Council meeting due to the December 2026 holiday closure. Additionally, if there are scheduling conflicts or are no significant business items to be considered by the City Council, staff requests that authority be

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granted to the City Clerk to cancel Regular City Council meetings upon approval of the Mayor and City Manager. Furthermore, the City Clerk has the authority to schedule a Closed Session Meeting prior to or immediately following the Regular Meeting upon approval of the Mayor and City Manager. Any routine business will be considered at the next Regular City Council meeting.

Please note that the January 7, 2026 Regular City Council Meeting was cancelled by previous City Council action taken on December 4, 2024.

ATTACHMENTS:

1. Resolution 2025-064

2. Exhibit A to Resolution 2025-064 – 2026 City Council Meeting Calendar

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ATTACHMENT 1
RESOLUTION NO. 2025-064

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA,

APPROVING THE CALENDAR AND SETTING THE TIME FOR CITY COUNCIL MEETINGS FOR THE YEAR 2026
WHEREAS, according to Imperial Beach Municipal Code §2.12.040.A and City Council Policy 1.1, unless otherwise specified by resolution, the City Council must hold regular meetings on the first and third Wednesdays of each month at an hour to be set by resolution; and WHEREAS, the City Council has historically reviewed potential meeting schedule conflicts prior to adopting the upcoming City Council meeting calendar; and WHEREAS, if there are scheduling conflicts or there are no significant business items to be considered, staff would request that authority be granted to the City Clerk to cancel City Council meetings upon approval of the Mayor and City Manager.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Imperial Beach as follows:

1. That regular City Council meetings shall begin at 6:00 p.m., and

2. That the following meetings are cancelled: July 1, 2026, July 15, 2026, December 16, 2026, and January 6, 2027, and

3. That the 2026 City Council meeting calendar, attached hereto as Exhibit A, is hereby approved.

4. The City Clerk has the authority to cancel Regular City Council meetings upon approval of the Mayor and City Manager when there are scheduling conflicts or there are no significant items of business to present to the City Council.

5. The City Clerk has the authority to schedule a Closed Session Meeting prior to or immediately following the Regular Meeting upon approval of the Mayor and City Manager.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 3
rd day of December 2025, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

MITCHELL D. MCKAY, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

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City of Imperial Beach City Council Meeting Calendar

S M T W T F S S M T W T F S S M T W T F S S M T W T F S 1 2 3 1 2 3 4 5 6 7 1 2 3 4 5 6 7 1 2 3 4
4 5 6 7 8 9 10 8 9 10 11 12 13 14 8 9 10 11 12 13 14 5 6 7 8 9 10 11 11 12 13 14 15 16 17 15 16 17 18 19 20 21 15 16 17 18 19 20 21 12 13 14 15 16 17 18 18 19 20 21 22 23 24 22 23 24 25 26 27 28 22 23 24 25 26 27 28 19 20 21 22 23 24 25 25 26 27 28 29 30 31 29 30 31 26 27 28 29 30

S M T W T F S S M T W T F S S M T W T F S S M T W T F S 1 2 1 2 3 4 5 6 1 2 3 4 1
3 4 5 6 7 8 9 7 8 9 10 11 12 13 5 6 7 8 9 10 11 2 3 4 5 6 7 8 10 11 12 13 14 15 16 14 15 16 17 18 19 20 12 13 14 15 16 17 18 9 10 11 12 13 14 15 17 18 19 20 21 22 23 21 22 23 24 25 26 27 19 20 21 22 23 24 25 16 17 18 19 20 21 22 24 25 26 27 28 29 30 28 29 30 26 27 28 29 30 31 23 24 25 26 27 28 29 31 30 31

S M T W T F S S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 1 2 3 1 2 3 4 5 6 7 1 2 3 4 5
6 7 8 9 10 11 12 4 5 6 7 8 9 10 8 9 10 11 12 13 14 6 7 8 9 10 11 12 13 14 15 16 17 18 19 11 12 13 14 15 16 17 15 16 17 18 19 20 21 13 14 15 16 17 18 19 20 21 22 23 24 25 26 18 19 20 21 22 23 24 22 23 24 25 26 27 28 20 21 22 23 24 25 26 27 28 29 30 25 26 27 28 29 30 31 29 30 27 28 29 30 31
City Council Meetings 6:00 p.m.
~~~ Friday Closures
City Holiday / City Hall Closed
April
September October November December
May June July August
January February March
2026
Resolution No. 2025-064
Exhibit A to Resolution No. 2026-064

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December 3, 2025
ITEM TITLE: LOCAL APPOINTMENTS LIST. (0460-45)
ORIGINATING DEPARTMENT:

City Clerk
EXECUTIVE SUMMARY:

On or before December 31 of each year, the legislative body shall prepare the Local Appointments List in compliance with California Government Code §54972 and direct staff to post a copy of the list on the City’s Internet Website in compliance with California Government Code §54973.

RECOMMENDATION:

OPTIONS:
 Approve the Local Appointments List and direct staff to post a copy of the list on the City's Internet Web site in compliance with state law.
 Provide further direction to staff.

BACKGROUND/ANALYSIS:

The Legislature established 54970 et seq. of the Government Code, also known as “The Maddy Act,” for the purpose of increasing public awareness of appointments to be made by any local government and providing local appointive powers access to a talent resource otherwise untapped.

California Government Code §54972 requires that on or before December 31 of each year, the legislative body shall prepare a Local Appointments List of all regular and ongoing boards, commissions and committees which are appointed by the legislative body of the local agency.

The list shall contain the following information:
(a) A list of all appointive terms which will expire during the next calendar year, with the name of the incumbent appointee, the date of appointment, the date the term expires, and the necessary qualifications for the position.
(b) A list of all boards, commissions, and committees whose members serve at the pleasure of the legislative body, and the necessary qualifications for each position.

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Below is a list of vacancies scheduled to occur in the year 2026. Any other vacancies that occur would be unscheduled and notices would be posted as the vacancies occur.

Design Review Board:

NAME TITLE DATE APPOINTED TERM EXPIRATION
Miguel Beltran Vice Chair 02/03/2021 1/31/2026
Chelsea Grace Member 02/03/2021 1/31/2026
Lance Rogers Member 02/03/2021 1/31/2026
Tidelands Advisory Committee:

NAME TITLE DATE APPOINTED TERM EXPIRATION
Joseph James Ellis Vice Chair 03/01/2017 1/31/2026
Tiffany Lavan Member 02/03/2021 1/31/2026
ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

No fiscal impact associated with this report.

ATTACHMENTS:

ATT 1 - Local Appointments List 2026

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To be Considered by City Council 12-03-2025 Page 1 of 2

CITY OF IMPERIAL BEACH
2026 LOCAL APPOINTMENTS LIST
Pursuant to Government Code §54972, a Local Appointments List shall be prepared including regular and ongoing commissions whose members serve at the pleasure of the Imperial Beach City Council. Following is a list of local appointive offices containing the incumbent appointees; dates of appointment; dates terms expire.

DESIGN REVIEW BOARD COMMITTEE
Qualifications: All members of commissions, boards and committees of the city shall be residents of the city (IBMC §2.18.040).

Purpose: All members of the Design Review Board shall investigate, review and evaluate the design, layout and other features of proposed developments and take action, as appropriate, in accordance with the intent and purposes set forth in Chapter 19.83, Design Review (IBMC §2.31.030A).

NAME TITLE DATE APPOINTED TERM EXPIRATION
Karl Bradley Chair 04/06/2023 3/31/2027
Miguel Beltran Vice Chair 02/03/2021 1/31/2026
Chelsea Grace Member 02/03/2021 1/31/2026
Lance Rogers Member 02/03/2021 1/31/2026
Ilia Voronchihin Member 04/06/2023 3/31/2027

TIDELANDS ADVISORY COMMITTEE
Qualifications: All members of commissions, boards and committees of the city shall be residents of the city (IBMC §2.18.040).

Purpose: It shall be the duty of the committee to review all matters involving coastal and tidelands issues referred to the committee by resolution of the City Council or by the City Manager or his designee. The City Council may delegate particular issues or a general workplan for review and make recommendations within the time limits set out in the referring resolution by the City Council (IBMC §2.24.050).

NAME TITLE DATE APPOINTED TERM EXPIRATION
Vacant Member ---- 3/31/2027
Joseph James Ellis Vice Chair 03/01/2017 1/31/2026
John Keating Member 04/06/2023 3/31/2027
Tiffany Lavan Member 02/03/2021 1/31/2026
Lynne Fischer Member 04/06/2023 3/31/2027
ATTACHMENT 1

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To be Considered by City Council 12-03-2025 Page 2 of 2

VETERANS AND MILITARY AFFAIRS COMMITTEE
Qualifications: Although there are no specific selection criteria, the Mayor will consider the following in the identification of potential members for consideration:
• A cross section of the community should be represented including veterans, active military personnel, and individuals familiar that work or have worked with military and veterans’ programs and resources. (IBMC §2.26.20.A.a) • Notwithstanding Imperial Beach Municipal Code section 2.18.040, all members of the Veterans & Military Affairs Committee shall be residents of the city unless the City Council determines by a four-fifths (4/5) vote that a non-resident shall be appointed due to special expertise that is not available among resident candidates. No more than one non-resident shall serve on the Committee at one time. (IBMC §2.26.20F)
Purpose: The Veterans & Military Affairs Committee shall meet at least on a quarterly basis, or as needed, and will act in a purely advisory capacity to the City Council. The stated and primary function of the Committee is to provide advice and make recommendations to the City Council on issues affecting active duty and veterans and on matters which veterans have special areas of knowledge and expertise and to serve as information resource on issues related to military, veterans, and family members of military and veterans in the City of Imperial Beach. In order to accomplish the identified task, the Chair of the Committee will provide, on at least a quarterly basis or as directed by the City Council, suggestions and recommendations to the City Council in relation to the following:

1. Provide recommendations to the City Council on matters directly relating to military, veterans, and family members of military and veterans in the City of Imperial Beach.

2. Serve as an information resource to the City Council on matters directly relating to military, veterans, and family members of military and veterans in the City of Imperial Beach entitlement programs established by federal, state, or county legislation.

3. Promote and assist the City on Veteran's Day or Memorial Day observations and other City military recognition events.

4. Provide advice regarding matters of protocol with which military personnel and veterans are especially familiar, such as flag presentation, color guard procedures and other military and paramilitary procedures; and promote interest in flag etiquette and display and represent the City in providing notices of flag use violations.

5. Provide a forum to discuss issues relating to military, veterans, and family members of military and veterans in the City of Imperial Beach.

6. Coordinate individual City recognition programs for active duty military and veteran residents of the City who have achieved significant merit.

7. Attend meetings of, and report on actions affecting the city in matters related to active military, veterans, and family members of military and veterans.

8. Assist in the preservation and upkeep of the Veterans Park and other related matters.

9. Raise awareness for active military, veterans, family members of military and veterans in our community.

NAME TITLE DATE APPOINTED TERM EXPIRATION
John Haythe Member 06/18/2024 3/31/2027
Madeline Foley Member 06/05/2024 3/31/2027
Frank Martin Member 06/05/2024 3/31/2027
Pan Phyu Member 06/05/2024 3/31/2027
Thomas Pochedly Member 06/05/2024 3/31/2027

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December 3, 2025
ITEM TITLE: RESOLUTION NO. 2025-065 AUTHORIZING A ROTH PROVISION TO THE CITY’S EXISTING 457 (B) DEFERRED COMPENSATION PLAN WITH MISSION SQUARE RETIREMENT (0520-70).

ORIGINATING DEPARTMENT:

Human Resources
EXECUTIVE SUMMARY:

Since 1989, the City of Imperial Beach has offered a 457(b) Deferred Compensation benefit for all City employees through Mission Square Retirement (previously ICMA RC). A 457(b) plan is a tax-deferred retirement savings plan. Contributions to the plan are made by employees through payroll deductions. On December 29, 2022, the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law with the objective to enhance retirement savings by expanding access, increasing contribution limits, and adding new features to workplace retirement plans as well as adding Roth Catch-Up contributions under section 414(v)(1) of the Internal Revenue Code (Code) pursuant to employee election. The proposed addition to the agreement would add the Roth provision to the existing deferred compensation retirement plan.

RECOMMENDATION:

OPTIONS:
 Adopt Resolution No. 2025-065 authorizing the City Manager or designee to execute an addition of Roth provisions to the City’s existing 457 (b) deferred compensation retirement plan of the Administrative Agreement with Mission Square Retirement.  Request additional information
 Reject Resolution No. 2025-065
BACKGROUND/ANALYSIS:

Since 1989, the City of Imperial Beach has contracted Mission Square Retirement (previously ICMA-RC) to offer a 457(b) Deferred Compensation benefit for all City employees. A 457(b) plan is a tax-deferred retirement savings plan. Funds are withdrawn, pre-tax, from an employee’s salary with income tax paid on withdrawals, typically at retirement, after the funds have had several years to grow.

Employees make regular contributions deducted from their paychecks. Contributions are made to an account in the employee’s name for the exclusive benefit of the employee and their

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beneficiaries. The value of the account is based on the contributions made and the investment performance over time. The benefit intends to create savings for retirement in addition to the employee pension and social security while providing tax-deferral of income.

On December 29, 2022, the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law as part of a year-end appropriation bill. The objective of the bill is to enhance retirement savings by expanding access, increasing contribution limits, and adding new features to workplace retirement plans.

Key provisions of the SECURE 2.0 Act are:
 Automatic enrollment: Starting in 2025, many new 401(k) and 403(b) plans must automatically enroll employees.
o Initial contribution rates will be between 3% and 10%, increasing each year until they reach 10% to 15%.
 Increased catch-up contributions:
o For 2025, the standard catch-up contribution limit for individuals age 50 and older is $7,500.
o For those aged 60 to 63, the limit increases to the greater of $10,000 or 50% more than the regular catch-up amount.
o Beginning in 2026, high earners (those making more than $145,000 in the prior year, indexed for inflation) must make catch-up contributions on a Roth (after-tax) basis.
 Expanded emergency withdrawal options:
o Allows for one penalty-free withdrawal of up to $1,000 per year for personal or family emergencies.
o Provides a new exception for distributions to victims of domestic abuse, up to the lesser of $10,000 or 50% of the account value.
o Expands options for qualified disaster distributions, allowing up to $22,000 with favorable tax treatment.
 Changes to Required Minimum Distributions (RMDs):
o Raises the starting age for RMDs to 73 in 2023, and then to 75 in 2033. o Eliminates RMDs for qualified employer Roth 401(k) accounts, starting in 2024.

Subsequently, on August 25, 2023, the Internal Revenue Service (IRS) issued guidance on Section 603 of the SECURE 2.0 Act with Respect to the Catch-Up Contributions and announced a 2-year administrative transition period (delay) that allows employers until January 1, 2026, to comply with the new SECURE 2.0 Roth catch-up mandate. Among other changes, section 603 of the SECURE 2.0 Act requires that, in the case of certain eligible participants, Catch-Up contributions under section 414(v)(1) of the Internal Revenue Code (Code) must be designated as Roth contributions pursuant to an employee election. Section 603 provides all catch-up contributions to qualified retirement plans are subject to Roth tax treatment in which contributions are made on an after-tax basis and consequently making Roth contributions and associated earnings withdrawals tax-free if the requirements for a qualified distribution are met. In addition to potentially tax-free withdrawals in retirement, Roth contributions allow for higher contribution limits and eligibility at all income levels. In order for a Roth provision to be included, it must be elected as part of the City’s existing 457(b) deferred compensation retirement plan. The election form

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attached would initiate the process to add the Roth provision to the existing deferred compensation retirement plan.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

There is no cost to the City. Contributions to the plan are employee funded and plan fees are charged to participants.

ATTACHMENTS:

1. Attachment 1. Resolution No. 2025-065

2. Attachment 2. 457 Request for SECURE 2.0 and Other Plan Changes Checklist

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ATTACHMENT 1
RESOLUTION NO. 2025-065

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA, APPROVING A ROTH PROVISION ADDITION TO THE EXISTING 457 (B) DEFERRED COMPENSATION RETIREMENT PLAN WITH MISSION SQUARE RETIREMENT.

WHEREAS, since 1989, the City of Imperial Beach has offered a 457(b) Deferred Compensation benefit for City employees through Mission Square Retirement (previously ICMA RC); and
WHEREAS, a 457(b) plan is a tax-deferred retirement savings plan; and WHEREAS, the City does not incur any costs for the plan’s administration as fees are charged to plan participants directly; and
WHEREAS, the SECURE 2.0 Act was signed on December 29, 2022, enhancing retirement savings to participants; and
WHEREAS, the Internal Revenue Service (IRS) issued guidance on Section 603 of the SECURE 2.0 Act with Respect to the Catch-Up Contributions and announced a 2-year administrative transition period (delay) that allows employers until January 1, 2026, to comply with the new SECURE 2.0 Roth catch-up mandate; and
WHEREAS, section 603 of the SECURE 2.0 Act requires that, in the case of certain eligible participants, Catch-Up contributions under section 414(v)(1) of the Internal Revenue Code (Code) must be designated as Roth contributions pursuant to an employee election; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Imperial Beach as follows:

1. That the recitals above are true and correct.

2. That the City Manager or designee is hereby authorized and directed to execute an addition of Roth provisions to the City’s existing 457 (b) deferred compensation retirement plan of the Administrative Agreement with Mission Square Retirement.

3. That the City Manager or designess is hereby authorized and directed to take whatever actions are appropriate to carry out the purpose and intent of this Resolution.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 3
rd day of December 2025, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

MITCHELL D. MCKAY, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

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December 3, 2025
ITEM TITLE: NOTIFICATION OF TRAVEL: COUNCILMEMBER NAKAWATASE TO ATTEND THE 2026 LEAGUE OF CALIFORNIA CITIES NEW MAYORS AND COUNCILMEMBERS ACADEMY IN SACRAMENTO, CALIFORNIA, JANUARY 21-23, 2026. (0410-60) ORIGINATING DEPARTMENT:

City Clerk
EXECUTIVE SUMMARY:

The 2026 League of California Cities (Cal Cities) Annual New Mayors and Councilmembers Academy will be held January 21-23, 2026, in Sacramento, California. The academy covers the legal, financial, and practical fundamentals for elected city officials. Sessions also include an update on key legislative issues and an overview of your Cal Cities services.

RECOMMENDATION:

OPTIONS:
 Approve the recommended action.
 Take no action at this time and provide further direction to staff.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

The FY 2025-26 Operating Budget includes funds for City Council travel and related expenses.

Estimated Tavel Costs
Conference registration: $675.00 (early registration rate) Lodging/hotel: $700.00 estimated
Meals & Incidentals: $215.00 estimated
Transportation: $100.00 estimated
Estimated Total: $1,690.00

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December 3, 2025
ITEM TITLE: APPROVAL OF RESOLUTION NO. 2025-070 PURSUANT TO PUBLIC CONTRACTS CODE SECTION 22050 FINDING THE CONTINUED EXISTENCE OF AN EMERGENCY DUE TO AN EMERGENCY SEWER LINE REPAIR. (0830-30) ORIGINATING DEPARTMENT:

Public Works
EXECUTIVE SUMMARY:

Public Contract Code Section 20168 provides that the City Council may pass by four-fifths (4/5) vote, a resolution declaring that the public interest and necessity demand the immediate expenditure of public money to safeguard life, health, or property. Upon adoption of such resolution, the City Manager may expend any sum required in the emergency and report the same to the City Council in accordance with Public Contract Code Section 22050. The Council approved the initial emergency resolution related to the emergency sewer line repair as an urgency item added to the November 19, 2025 agenda. This report is to follow-up on actions taken and to request the extension of the emergency pursuant to State law.

RECOMMENDATION:

Adopt Resolution No. 2025-070 to continue the existence of the emergency and ratify actions taken in furtherance of the emergency.

OPTIONS:
 Adopt Resolution No. 2025-070;
 Provide other direction to the City Manager to take a specific action; or  Request additional information and an additional report BACKGROUND/ANALYSIS:

The City Manager, acting pursuant to IBMC section 3.04.120A, may determine the existence of a local emergency based on conditions of extreme peril to the safety of persons and property caused by the pump station failure.

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approved at the November 19, 2025 regular Council meeting after the Council took action to unanimously add the urgency agenda item to the agenda pursuant to the process under the Brown Act. If any expenditures are made, the City Council shall review the emergency action at each regular meeting, to determine if there is a need to continue the action.

The sewer line repair located in the alley between Ebony Avenue and Imperial Beach Boulevard, east of 13th Street, is an emergency item and emergency repairs are necessary to clear any blockage. This emergency repair constitutes an emergency within the terms of Public Contract Code Sections 20168 and 22050, which requires that the City Manager be able to act quickly and without complying with the notice and bidding procedures of the Public Contract Code to repair and protect such public facilities.

Since the last Council meeting on November 19, 2025, the City has taken the following actions

1. Contracted with Ace Excavating and Environmental Services, Inc., in the amount of $27,875 for emergency sewer line repair in the alley east of 13th Street and north of Imperial Beach Boulevard.

2. Authorized additional services with Ace Excavating and Environmental Services, Inc., in the amount of $29,698 for emergency sewer line repair in Imperial Beach Boulevard, east of 13th Street.

Staff recommends Council approve Resolution 2025-070 to continue the emergency and ratify the expenditures and contracts made thus far in furtherance of the emergency.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

Fiscal Year: FY2025-26
Budgeted:

Budget Amendment No
Account No(s).: N/A
Project No(s).: N/A
Fiscal Analysis:

Current Budget:

Anticipated Expenditure:

ATTACHMENTS:

1. Resolution No. 2025-070

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Attachment 1
RESOLUTION NO. 2025-070

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA, PURSUANT TO PUBLIC CONTRACTS CODE SECTION 22050 FINDING THE CONTINUED

EXISTENCE OF AN EMERGENCY DUE TO THE NEED FOR IMMEDIATE SEWER LINE

REPAIRS
WHEREAS, on or about November 15, 2025, the City became aware of the immediate need for emergency sewer line repair work, creating a potential threat to public health and safety; and
WHEREAS, pursuant to Imperial Beach Municipal Code (“IBMC”) section 3.04.120A, competitive bidding can be dispensed with when the City Manager determines that an emergency requires that an order be placed with the nearest available source of supply in order to mitigate the threat to public health and safety; and
WHEREAS, as a result of the urgent need in the City, the City Manager, acting pursuant IBMC section 3.04.120A, has determined the existence of a local emergency based on the urgent sewer line work and potential threats to public health and safety; and WHEREAS, Public Contract Code Section 20168 provides that the City Council may pass by four-fifths (4/5) vote, a resolution declaring that the public interest and necessity demand the immediate expenditure of public money to safeguard life, health, or property and the City Council approved such resolution on November 19, 2025; and
WHEREAS, upon adoption of such resolution, the City Manager may expend any sum required in the emergency and report the same to the City Council in accordance with Public Contract Code Section 22050; and
WHEREAS, if such expenditure is ordered, the City Council shall review the emergency action at each regular meeting, to determine if there is a need to continue the action; and WHEREAS, the urgent need for sewer line repair work constitutes an emergency within the terms of Public Contract Code Sections 20168 and 22050 which require that the City Manager be able to act quickly and without complying with the notice and bidding procedures of the Public Contract Code to repair and protect such public facilities; and WHEREAS, the City Council of the City of Imperial Beach has reviewed the need to continue the previously approved emergency action and related repairs; and WHEREAS, based on City Council authorization, City Staff contracted with Ace Excavating and Environmental Services, Inc. in the amount of $27,875 for sewer line work in an alley, and authorized additional services with Ace Excavating and Environmental Services, Inc., in the amount of $29,698 for sewer line work in a roadway; and WHEREAS, City’s wastewater fund contains budget allocated towards maintenance and repairs. There are sufficient funds in wastewater fund operating budget to cover this expenditure.

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Resolution No. 2025-070

Page 2 ends

NOW, THEREFORE, BE IT RESOLVED THAT the City Council of the City of Imperial Beach hereby finds and declares:

1. The above-listed recitals are true and correct and incorporated herein.

2. Any expenditures made pursuant to such emergency are hereby approved and ratified.

3. The City Council does hereby declare the extension of the period of the emergency through the next regular City Council meeting, January 21, 2026, unless sooner terminated.

4. This Resolution shall become effective immediately upon its adoption.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach, California, at a meeting thereof, this 3
rd day of December 2025.

_________________________
MITCHELL D. MCKAY, MAYOR
ATTEST:
__________________________
JACQUELINE M. KELLY,

CITY CLERK

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December 3, 2025
ITEM TITLE: RESOLUTION NO. 2025-069 AUTHORIZING A BUDGET ALLOCATION TO INCREASE THE AMOUNT FOR THE PUMP STATION #5 AND #7 REHABILITATION PROJECT (W21107). (0830-35)
ORIGINATING DEPARTMENT:

Public Works
EXECUTIVE SUMMARY:

Resolution No. 2025-069 will authorize an increased budget allocation for the rehabilitation of Pump Stations #5 and #7 (W21107). This additional allocation of funds is needed to close out the project.

RECOMMENDATION:

Adopt Resolution No. 2025-069 authorizing a budget allocation of an additional $80,000.

OPTIONS:
 Adopt Resolution 2025-069 to authorize the budget allocation; or  Request additional information and an additional report BACKGROUND/ANALYSIS:

The Pump Station #5 and #7 Rehabilitation project commenced in 2021 and was recently completed. Additional funds need to be allocated to close out the project at this time. However, additional funding is needed to fully close out all remaining project obligations. The current project budget of $1,704,328 is insufficient, and staff is requesting an additional $80,000 allocation for a total expenditure of $1,784,328 from the Sewer Fund Unassigned Fund Balance to finalize the project.

ENVIRONMENTAL DETERMINATION:

Project is exempt from CEQA pursuant to CEQA Guidelines Section 15302(c): Replace or Reconstruction of Existing Utility Systems and Facilities.

FISCAL IMPACT:

Fiscal Year: FY2025-26
Budgeted: Yes
Budget Amendment Yes
Account No(s).: 601-5060-536.2006
Project No(s).: W21107

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Current Budget: $1,704,328
Anticipated Expenditure: $1,784,328
ATTACHMENTS:

1. Resolution No. 2025-069

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ATTACHMENT 1
RESOLUTION NO. 2025-069

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA,

AUTHORIZING A BUDGET ALLOCATION TO INCREASE THE AMOUNT FOR THE PUMP STATION #5 AND #7 REHABILITATION PROJECT (W21107)
WHEREAS, on December 1, 2021, Resolution No. 2021-87 awarded a contract to Ortiz Corporation for the Pump Station #5 and #7 Rehabilitation project; and WHEREAS, the current project budget of $1,704,328 is insufficient, and staff is requesting an additional $80,000 allocation for a total expenditure of $1,784,328 from the Sewer Fund Unassigned Fund Balance to finalize the project.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Imperial Beach as follows:

1. The above recitals are true and correct.

2. The City Council authorizes a budget allocation of an additional $80,000.

3. The City Manager or designee is authorized to complete all necessary actions to close out the contract and project.

4. The Finance Director is authorized to process the budget adjustments for the additional allocation.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 3
rd day of December 2025, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

MITHCELL D. MCKAY, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

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December 3, 2025
ITEM TITLE: EXTENSION OF TERMS OF OFFICE FOR MEMBERS ON THE DESIGN REVIEW BOARD AND TIDELANDS ADVISORY COMMITTEE. (0120-30 & 0120-90) ORIGINATING DEPARTMENT:

City Clerk
EXECUTIVE SUMMARY:

Extending the terms through January 31, 2026, or until the vacant seats on the Design Review Board (DRB) and Tidelands Advisory Committee (TAC) are filled, whichever occurs first, will ensure both bodies remain fully operational during the evaluation and appointment process.

RECOMMENDATION:

OPTIONS:
 Approve the extension of terms through January 31, 2026, or until the vacant DRB and TAC seats are filled, whichever occurs first.
 Provide direction to the City Manager to take a specific action.  Request additional information and an additional report.

BACKGROUND/ANALYSIS:

The terms of the boards and committees in Imperial Beach typically expire on March 31 of certain years. In February 2025, the City Council extended the terms of members serving on the DRB and TAC from March 31 to June 30, 2025. Due to ongoing recruitment efforts the City Council approved a second extension date to September 30, 2025. With the Mayor vacancy at that time, staff recommended an additional extension to December 31, 2025 to allow time for the appointment process to resume once the vacancy was filled. Extending the terms ensured both boards could continue to operate and conduct business effectively. Due to scheduling needs and the upcoming holidays, staff now recommends extending the terms again, this time through January 31, 2026. An extension will ensure both bodies remain fully operational during the evaluation and appointment process.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

No fiscal impact associated with this action.

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December 3, 2025

JOINT MEETING OF THE CITY COUNCIL AND THE SUCCESSOR AGENCY ITEM TITLE: RESO. NO. 2025-066 & RESO. NO. SA-25-98 APPROVING LOAN AGREEMENT

BETWEEN CITY OF IMPERIAL BEACH AND IMPERIAL BEACH REDEVELOPMENT

AGENCY SUCCESSOR AGENCY IN ORDER FOR SUCCESSOR AGENCY TO PAY CERTAIN ENFORCEABLE OBLIGATIONS & ADMINISTRATIVE COSTS. (0418-50) ORIGINATING DEPARTMENT:

Finance
EXECUTIVE SUMMARY:

Staff of the City of Imperial Beach (City) and the Imperial Beach Redevelopment Agency Successor Agency (Successor Agency) are seeking adoption of City Council Resolution No. 2025-066 and Successor Agency Resolution No. SA-25-98, each approving the proposed Loan Agreement between the City and the Successor Agency in order for the Successor Agency to pay certain enforceable obligations and administrative costs. The Loan Agreement provides for the City’s loan to the Successor Agency in a not-to-exceed amount of Six Hundred Forty Four Thousand Three Hundred Forty Six Dollars ($644,346).

RECOMMENDATION:

OPTIONS:
 Adopt the resolutions as recommended.
 Provide staff with direction for alternative action.

BACKGROUND/ANALYSIS:

The Dissolution Law governing the wind-down of the former Imperial Beach Redevelopment Agency’s (Former RDA) affairs requires the Successor Agency to prepare a ROPS before each fiscal year period and to submit the ROPS for the fiscal year period, after its approval and adoption by the County Oversight Board, to the Department of Finance (DOF) and the County AuditorController not later than February 1 of each year. The ROPS serves as the designated reporting mechanism for disclosing the Successor Agency’s minimum fiscal year payment obligations by amount and source, and the County Auditor-Controller is responsible for ensuring that the Successor Agency receives revenues from certain property taxes held in the Redevelopment Property Tax Trust Fund (RPTTF) sufficient to meet the requirements of the ROPS during each fiscal year period.

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The ROPS covering the 12-month fiscal year period from July 1, 2022, through June 30, 2023 (ROPS 22-23) was duly submitted by the Successor Agency and approved by the Oversight Board and the DOF, with certain changes in the amount of RPTTF approved for allocation to the Successor Agency for payment of its enforceable obligations during the 2022-2023 Fiscal Year including payment of debt service on outstanding bonds of the Successor Agency and other obligations. In particular, as a part of the ROPS 22-23, there is a summary of cash balances, including the expenditures and excess cash during the 12-month fiscal year period from July 1, 2019 through June 30, 2020 (i.e. the ROPS 19-20 period) that becomes a prior period adjustment (PPA) to the amount of RPTTF approved for allocation to the Successor Agency for the ROPS 22-23 period.

The PPA for ROPS 19-20 was mistakenly calculated by not taking into account a bond payment expenditure of $644,345.63 made during a bond refunding process in Fiscal Year 2019-2020, and such incorrect amount was included in the cash balances on ROPS 22-23. This mistaken amount made it appear (incorrectly) that the Successor Agency had $644,345.63 surplus funds to use to pay its enforceable obligations on ROPS 22-23. This mistake resulted in the DOF reducing the amount of RPTTF approved for payment to the Successor Agency for enforceable obligations listed on ROPS 22-23 by a total PPA amount of Seven Hundred Ninety Eight Thousand Two Hundred Ninety Seven Dollars ($798,297).

The foregoing mistake and shortfall of Successor Agency funds has continued in all subsequent ROPS since ROPS 22-23, thereby resulting in reduced RPTTF on subsequent ROPS approved by DOF since the date of the ROPS 19-20 PPA miscalculation on ROPS 22-23. Most recently, the RPTTF that has been received on June 1, 2025 and that will be received on January 2, 2026 by the Successor Agency to pay enforceable obligations listed on its ROPS 25-26, for the period of July 1, 2025 through June 30, 2026, is insufficient to pay all approved ROPS 25-26 enforceable obligations, including certain tax allocation bond debt and reserve payments that are due by the Successor Agency in May/June 2026, administrative costs, and other obligations.

The DOF has acknowledged to Successor Agency staff that the PPA for ROPS 19-20 was mistakenly calculated and has advised in writing that, in order for the Successor Agency to receive the RPTTF shortage, the Successor Agency will need to obtain an additional loan from the City and place the loan on the upcoming ROPS 26-27 for its review and approval.

Pursuant to the Dissolution Law, the City is authorized, at the City’s discretion, to loan or grant funds to the Successor Agency for the payment of administrative costs, enforceable obligations, or project-related expenses that qualify as an enforceable obligation, and only to the extent that the Successor Agency receives an insufficient distribution from the RPTTF or other approved sources of funding are insufficient to pay approved enforceable obligations in the ROPS period.

The Dissolution Law further requires that the receipt and use of loan or grant funds shall be reflected on the Successor Agency’s ROPS and, therefore, are subject to the oversight and approval of the Oversight Board. Once approved by the Oversight Board and approved by the DOF on the ROPS, an enforceable obligation shall be deemed to be created for the repayment of those loans.

Further, the interest payable on any such loan must be calculated on a fixed annual simple basis and applied to the outstanding principal amount until fully paid, at a rate not to exceed the most recently published interest rate earned by funds deposited into the Local Agency Investment Fund during the previous fiscal quarter.

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In addition, repayment of such loans must be applied first to principal, and second to interest, and must be subordinate to other approved enforceable obligations, and will be repaid to the extent RPTTF allocated to the Successor Agency is available after fulfilling other enforceable obligations approved in the Successor Agency’s ROPS.

To enable the Successor Agency to meet its fiduciary responsibilities to holders of enforceable obligations, including certain tax allocation bond debt and reserve payments that are due by the Successor Agency in May/June 2026 and to have adequate funds for administration costs and other obligations, staff of the City and the Successor Agency recommend that the City provide a loan to the Successor Agency in a not-to-exceed amount of Six Hundred Forty Four Thousand Three Hundred Forty Six Dollars ($644,346).

If the Loan Agreement and loan are approved by the City and the Successor Agency, the Loan Agreement will be submitted to the Oversight Board for approval. If approved by the Oversight Board, then the Loan Agreement will be subject to review by the DOF pursuant to the Dissolution Law. Separately, the loan amount has been included in the Successor Agency’s ROPS 26-27, which is being submitted to the Successor Agency for approval at this same meeting. The ROPS 26-27 will then be submitted to the Oversight Board for approval and thereafter to the DOF for approval.

If both the Loan Agreement and the loan amount are duly approved as an enforceable obligation of the Successor Agency, staff anticipates that the City will be repaid the principal amount of the loan and accrued interest on the loan from the RPTTF payments to be received by the Successor Agency on June 1, 2026 and January 2, 2027 for payment of the ROPS 26-27 enforceable obligations. If the RPTTF is insufficient during the ROPS 26-27 period to pay all enforceable obligations, including repayment of the City’s loan, the Successor Agency is required by the Loan Agreement to include the loan amount on each successive ROPS to obtain sufficient RPTTF to repay the City the entire loan amount and all accrued interest.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

The loan from the City to the Successor Agency is necessary for the Successor Agency to pay its enforceable obligations during the ROPS 25-26 period. The loan will be repaid by the Successor Agency with RPTTF.

ATTACHMENTS:

ATT 1 – Loan Agreement Between the City and the Successor Agency ATT 2 – City Council Resolution No. 2025-066
ATT 3 – Successor Agency Resolution No. SA-25-98

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-1-

LOAN AGREEMENT
(City of Imperial Beach Loan/Advance to
Imperial Beach Redevelopment Agency Successor Agency)
This Loan Agreement (“Loan Agreement”) is made and entered into this ____ day of __________________, 2026 (but see Section 4.04 for the “Effective Date”), by and between the City of Imperial Beach, a municipal corporation of the State of California (hereinafter referred to as the “City”), and the Imperial Beach Redevelopment Agency Successor Agency, a public entity, duly created, validly existing, and in good standing under the laws of the State of California (hereinafter referred to as the “Successor Agency”), individually a “Party” and collectively the “Parties”, with reference to the following facts:

RECITALS
WHEREAS, the Imperial Beach Redevelopment Agency (the “Redevelopment Agency”) was a redevelopment agency in the City, duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (“Redevelopment Law”); and
WHEREAS, Assembly Bill No. X1 26 (2011-2012 1st Ex. Sess.) (“AB 26”) was signed by the Governor of California on June 28, 2011, making certain changes to the Redevelopment Law and to the California Health and Safety Code (“H&S Code”), including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) to Division 24 of the H&S Code; and
WHEREAS, pursuant to AB 26, as modified by the California Supreme Court on December 29, 2011 by its decision in California Redevelopment Association v. Matosantos, all California redevelopment agencies, including the Redevelopment Agency, were dissolved on February 1, 2012, and successor agencies were designated and vested with the responsibility of paying, performing and enforcing the enforceable obligations of the former redevelopment agencies and expeditiously winding down the business and fiscal affairs of the former redevelopment agencies; and
WHEREAS, the City Council of the City adopted Resolution No. 2012-7136 on January 5, 2012, pursuant to AB 26, electing for the City to serve as the successor agency to the Redevelopment Agency upon the dissolution of the Redevelopment Agency on February 1, 2012; and
WHEREAS, on February 1, 2012, the Redevelopment Agency was dissolved by operation of law and the Successor Agency was established pursuant to AB 26. The Successor Agency is a separate and distinct legal entity from the City, with rules and regulations that apply to its governance and operations; and
WHEREAS, AB 26 has since been amended by various assembly and senate bills enacted by the Legislature and signed by the Governor. AB 26 as amended is hereinafter referred to as the “Dissolution Law”; and
WHEREAS, in 2018, the County of San Diego Countywide Redevelopment Successor Agency Oversight Board (the “Oversight Board”) was established pursuant to the Dissolution ATTACHMENT 1

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Loan Agreement Page 2
(City Loan/Advance to Successor Agency)
Law. The Oversight Board possesses fiduciary responsibilities to holders of enforceable obligations and taxing entities that benefit from distributions of property taxes and other revenues. As a part of these responsibilities, the Oversight Board reviews and approves the annual “Recognized Obligation Payment Schedule” (“ROPS”) submitted by successor agencies within San Diego County for the payment of obligations, before the submittal of the ROPS to the California Department of Finance (the “DOF”) for its approval; and WHEREAS, pursuant to the Dissolution Law, the ROPS is the reporting document setting forth the minimum payment amounts and due dates of payments required by enforceable obligations of the Successor Agency for each fiscal year. The ROPS is forward looking to the next one year; and
WHEREAS, after the approval of the ROPS by the Oversight Board and then the DOF under the Dissolution Law, the San Diego County Auditor-Controller (the “County AuditorController”) is responsible for ensuring that the Successor Agency receives revenues from certain property tax (“Redevelopment Property Tax Trust Fund” or “RPTTF”) sufficient to meet the payment requirements of the ROPS’s enforceable obligations during each fiscal year period; and
WHEREAS, the ROPS covering the 12-month fiscal year period from July 1, 2022 through June 30, 2023 (“ROPS 22-23”) was duly submitted by the Successor Agency and approved by the Oversight Board and the DOF, with certain changes in the amount of RPTTF approved for allocation to the Successor Agency for payment of its enforceable obligations during the 2022-2023 Fiscal Year, including payment of debt service on outstanding bonds of the Successor Agency and other obligations. In particular, as a part of the ROPS 22-23, there is a summary of cash balances, including the expenditures and excess cash during the 12- month fiscal year period from July 1, 2019 through June 30, 2020 (i.e. the ROPS 19-20 period) that becomes a prior period adjustment (“PPA”) to the amount of RPTTF approved for allocation to the Successor Agency for the ROPS 22-23 period; and
WHEREAS, the PPA for ROPS 19-20 was mistakenly calculated by not taking into account a bond payment expenditure of $644,345.63 made during a bond refunding process in Fiscal Year 2019-2020, and such incorrect amount was included in the cash balances on ROPS 22-23. This mistaken amount made it appear (incorrectly) that the Successor Agency had $644,345.63 surplus funds to use to pay its enforceable obligations on ROPS 22-23. This mistake resulted in the DOF reducing the amount of RPTTF approved for payment to the Successor Agency for enforceable obligations listed on ROPS 22-23 by a total PPA amount of Seven Hundred Ninety Eight Thousand Two Hundred Ninety Seven Dollars ($798,297). This mistake and shortfall of Successor Agency funds has continued in all subsequent ROPS since ROPS 22-23, thereby resulting in reduced RPTTF on subsequent ROPS approved by DOF since the date of the ROPS 19-20 PPA miscalculation on ROPS 22-23. Most recently, the RPTTF that has been received on June 1, 2025 and that will be received on January 2, 2026 by the Successor Agency to pay enforceable obligations listed on its ROPS 25-26, for the period of July 1, 2025 through June 30, 2026, is insufficient to pay all approved ROPS 25-26 enforceable obligations, including certain tax allocation bond debt and reserve payments that are due by the Successor Agency in May/June 2026, administrative costs, and other obligations; and WHEREAS, the DOF has acknowledged to Successor Agency staff that the PPA for ROPS 19-20 was mistakenly calculated and has advised in writing that, in order for the Successor Agency to receive the RPTTF shortage, the Successor Agency will need to obtain an

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Loan Agreement Page 3
(City Loan/Advance to Successor Agency)
additional loan from the City and place the loan on the upcoming ROPS 26-27 for its review and approval; and
WHEREAS, pursuant to H&S Code Section 34173(h) of the Dissolution Law, the City is authorized, in the City’s discretion, to loan or grant funds to the Successor Agency for the payment of administrative costs, enforceable obligations, or project-related expenses that qualify as an enforceable obligation, and only to the extent that the Successor Agency receives an insufficient distribution from the RPTTF or other approved sources of funding are insufficient to pay approved enforceable obligations in the ROPS period. H&S Code Section 34173(h) further requires that the receipt and use of loan or grant funds shall be reflected on the Successor Agency’s ROPS and therefore are subject to the oversight and approval of the Oversight Board. Once approved by the Oversight Board, an enforceable obligation shall be deemed to be created for the repayment of those loans. The interest payable on any loan created pursuant to H&S Code Section 34173(h) shall be calculated on a fixed annual simple basis and applied to the outstanding principal amount until fully paid, at a rate not to exceed the most recently published interest rate earned by funds deposited into the Local Agency Investment Fund during the previous fiscal quarter. Repayment of loans created under H&S Code Section 34173(h) shall be applied first to principal, and second to interest, and shall be subordinate to other approved enforceable obligations, and shall be repaid to the extent RPTTF allocated to the Successor Agency is available after fulfilling other enforceable obligations approved in the Successor Agency’s ROPS; and
WHEREAS, pursuant to H&S Code Section 34177.3(b), the Successor Agency may create enforceable obligations to conduct the work of winding down the former Redevelopment Agency, including hiring staff, acquiring necessary professional administrative services and legal counsel, and procuring insurance; and
WHEREAS, to enable the Successor Agency to meet its fiduciary responsibilities to holders of enforceable obligations, including certain tax allocation bond debt and reserve payments that are due by the Successor Agency in May/June 2026, and to have adequate funds for administration costs and other obligations, the City desires to loan to the Successor Agency an amount not to exceed Six Hundred Forty Four Thousand Three Hundred Forty Six Dollars ($644,346); and
WHEREAS, subject to approval by the Oversight Board, the Successor Agency may enter into this Loan Agreement with the City pursuant to the authority granted by H&S Code Sections 33220, 33610, 34173(h), 34177.3 and 34180(h); and WHEREAS, the City and the Successor Agency have determined that entering into this Loan Agreement is in the best interests of the City and the Successor Agency.

NOW, THEREFORE, the Parties hereto do mutually agree as follows:

ARTICLE I.

INTRODUCTORY PROVISIONS
Section 1.01 Recitals. The recitals above are an integral part of this Loan Agreement and set forth the intentions of the Parties and the premises on which the Parties have decided to enter into this Loan Agreement.

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Loan Agreement Page 4
(City Loan/Advance to Successor Agency)
ARTICLE II.

LOAN PROVISIONS
Section 2.01 Loan. The City hereby agrees to lend to the Successor Agency the principal amount of Six Hundred Forty Four Thousand Three Hundred Forty Six Dollars ($644,346) (“Loan”) for the purposes set forth in Section 2.03.

Section 2.02 Interest. Interest on the Loan shall accrue as of the Effective Date, continuing until such time as the Loan is repaid in full, at a rate equal to the most recently published interest rate earned by funds on deposit in the Local Agency Investment Fund during the previous fiscal quarter, calculated on a fixed annual simple basis, compounded annually.

Section 2.03 Use of Loan Funds. The Successor Agency shall use the Loan for the purpose of paying the approved enforceable obligations, including administrative costs, as set forth in the “Schedule of Obligations” attached hereto as Exhibit A and incorporated herein by this reference.

Section 2.04 Condition to Disbursement. The City shall have no obligation to disburse the Loan funds to the Successor Agency until all of the following are met: (a) the Oversight Board approves this Loan Agreement, (b) the DOF approves this Loan Agreement or the Loan Agreement is otherwise deemed approved pursuant to the Dissolution Law or other State law, and (c) the Loan is included on the Successor Agency’s ROPS and such ROPS is approved by the Oversight Board and the DOF, respectively.

Section 2.05 Repayment of Loan.
(a) The Loan is an enforceable obligation of the Successor Agency repayable in accordance with the repayment schedule set forth in the “Repayment Schedule” attached hereto as Exhibit B and incorporated herein by this reference. The Loan shall be repayable each year solely from the RPTTF maintained by the County Auditor-Controller and paid to the Successor Agency on January 2 and June 1 of each year for the purpose of paying enforceable obligations of the Successor Agency during that particular ROPS period. The repayment of the Loan is not subject to the restrictions set forth in H&S Code Sections 34176(e)(6)(B) or 34191.4(b). The Loan will be repaid from first available RPTTF funds not required for other enforceable obligations.
(b) The Loan shall be set forth as an enforceable obligation of the Successor Agency on the ROPS 26-27 covering the period from July 1, 2026 through June 30, 2027, and on every ROPS thereafter until paid in full. Each payment described on the Repayment Schedule shall be due and payable in full from RPTTF on deposit in the Successor Agency’s Redevelopment Obligation Retirement Fund (“RORF”) beginning with the June 1, 2026 RPTTF payment to the RORF by the County Auditor-Controller for payment of enforceable obligations for the period of July 1, 2026 through December 31, 2026. However, should the Successor Agency receive insufficient funds from the RPTTF to pay all costs shown on the ROPS 26-27 and each ROPS thereafter, then the amount due and payable on the Loan as set forth in the Repayment Schedule shall equal the amount deposited into the RORF less all other costs shown on the ROPS 26-27 and each ROPS thereafter, and the unpaid balance of any principal and interest for such ROPS period shall be due and payable in full on the next ROPS.

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Loan Agreement Page 5
(City Loan/Advance to Successor Agency)
(c) The procedure described in subsection (b) of this Section shall continue to be followed for each ROPS until the principal and interest due on the Loan are paid in full.

Any remaining principal and interest due on the Loan as set forth in the Repayment Schedule shall continue to be shown as an enforceable obligation on each successive ROPS until the Successor Agency has received sufficient RPTTF funds to pay all principal and interest due on the Loan.
(d) All Loan repayments shall first be used to reduce the principal balance of the Loan and second to pay all accrued interest.
(e) The indebtedness of the Successor Agency under this Loan Agreement shall be subordinate to the rights of the holder or holders of any existing bonds, notes or other instruments of indebtedness (all referred to herein as “indebtedness”) of the Successor Agency, including without limitation any pledge of tax increment revenues to pay any portion of the principal (and otherwise comply with the obligations and covenants) of any bond or bonds issued or sold by the former Redevelopment Agency or refinanced or refunded by the Successor Agency.

Section 2.06 Optional Prepayment of the Loan. The Successor Agency shall have the right to prepay the unpaid principal and accrued interest of the Loan, or portion thereof, at any time.

Section 2.07 Books and Accounts; Financial Statements. The Successor Agency will keep, or cause to be kept, proper books of record and accounts showing the use of the Loan funds, interest due on the Loan, Loan repayments, and principal and interest outstanding.

ARTICLE III.

DEFAULT AND REMEDIES
Section 3.01 Event of Default. Failure by the Successor Agency to pay the principal or interest on the Loan when due and payable shall constitute a default (referred to herein as a “Default”).

Section 3.02 No Waiver. A waiver of any Default by the City shall not affect any subsequent Default or impair any rights or remedies on the subsequent default.

Section 3.03 Remedies Not Exclusive. No remedy herein conferred upon or reserved to the City is intended to be exclusive of any other remedy. Every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing, at law or in equity or by statute or otherwise.

ARTICLE IV.

MISCELLANEOUS
Section 4.01 No Merger. In entering into this Loan Agreement, the City is acting in its capacity as a general law city, while the Successor Agency is acting in its capacity

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Loan Agreement Page 6
(City Loan/Advance to Successor Agency)
as the successor to the former Redevelopment Agency; and both the City and the Successor Agency are acting pursuant to the specific authority granted by the Oversight Board and by H&S Code Sections 33220, 33610, 34173(h), 34177.3 and 34180(h) authorizing agreements between the City and the Successor Agency. In consequence, the Parties to this Loan Agreement are not merged.

Section 4.02 Successor is Deemed Included in All References to Predecessor. Whenever in this Loan Agreement either the Successor Agency or the City is named or referred to, such reference shall be deemed to include the successors or assigns thereof, and all the covenants and agreements in this Loan Agreement contained by or on behalf of the Successor Agency or the City shall bind and inure to the benefit of the respective successors and assigns thereof whether so expressed or not.

Section 4.03 Amendment. This Loan Agreement may be amended by the Parties hereto but only by a written instrument signed by both Parties and with the approval of the Oversight Board.

Section 4.04 Effective Date. This Loan Agreement shall take effect upon approval by the Oversight Board and, following that approval, at the time and in the manner prescribed in H&S Code Section 34179(h) of the Dissolution Law with respect to the DOF’s right to review (the “Effective Date”).

Section 4.05 Severability. If any Section, paragraph, sentence, clause or phrase of this Loan Agreement shall for any reason be held illegal, invalid or unenforceable, such holding shall not affect the validity of the remaining portions of this Loan Agreement. The City and the Successor Agency hereby declare that they would have adopted this Loan Agreement and each and every other Section, paragraph, sentence, clause or phrase hereof and authorized the Loan irrespective of the fact that any one or more Sections, paragraphs, sentences, clauses, or phrases of this Loan Agreement may be held illegal, invalid or unenforceable.
[THIS PORTION OF PAGE IS INTENTIONALLY LEFT BLANK]
[SIGNATURES ON FOLLOWING PAGE]

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Loan Agreement Page 7
(City Loan/Advance to Successor Agency)
IN WITNESS WHEREOF, the City of Imperial Beach and the Imperial Beach Redevelopment Agency Successor Agency have caused this Loan Agreement to be signed by their respective officers as of the day and year first above written.

CITY:

CITY OF IMPERIAL BEACH,
a California municipal corporation
______________________________
Tyler Foltz, City Manager
APPROVED AS TO FORM: APPROVED AS TO CONTENT:

______________________________ __________________________ Jennifer M. Lyon, City Attorney Lily Flyte, Finance Director

KANE, BALLMER & BERKMAN
City Special Counsel
______________________________
Kendall D. Levan, Esq.

SUCCESSOR AGENCY:

IMPERIAL BEACH REDEVELOPMENT AGENCY SUCCESSOR AGENCY,
a California public entity
______________________________
Tyler Foltz, Executive Director
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
______________________________ __________________________ Jennifer M. Lyon, General Counsel Lily Flyte, Finance Director

KANE, BALLMER & BERKMAN
Successor Agency Special Counsel
_______________________________
Kendall D. Levan, Esq.

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Loan Agreement Page 8
(City Loan/Advance to Successor Agency)

EXHIBIT A

SCHEDULE OF OBLIGATIONS

OBLIGATION AMOUNT OF

LOAN/ADVANCE
All enforceable obligations, including administrative costs, listed on the approved ROPS 25-26 for which the Successor Agency has
insufficient funds to adequately pay.
$644,346
TOTAL $644,346

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Loan Agreement Page 9
(City Loan/Advance to Successor Agency)

EXHIBIT B

REPAYMENT SCHEDULE

FISCAL YEAR REPAYMENT AMOUNT
FY 2026-2027 Principal balance of the Loan ($644,346) plus accrued interest
FY 2027-2028, AND

EACH FISCAL YEAR THEREAFTER
Any remaining principal balance of the Loan
plus accrued interest

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RESOLUTION NO. 2025-066

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH APPROVING

THE LOAN AGREEMENT BETWEEN THE CITY OF IMPERIAL BEACH AND THE IMPERIAL

BEACH REDEVELOPMENT AGENCY SUCCESSOR AGENCY IN ORDER FOR THE

SUCCESSOR AGENCY TO PAY CERTAIN ENFORCEABLE OBLIGATIONS AND

ADMINISTRATIVE COSTS
WHEREAS, the Imperial Beach Redevelopment Agency (the “Redevelopment Agency”) was a redevelopment agency in the City of Imperial Beach (“City”), duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (“Redevelopment Law”); and WHEREAS, Assembly Bill No. X1 26 (2011-2012 1st Ex. Sess.) (“AB 26”) was signed by the Governor of California on June 28, 2011, making certain changes to the Redevelopment Law and to the California Health and Safety Code (“H&S Code”), including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) to Division 24 of the H&S Code; and
WHEREAS, pursuant to AB 26, as modified by the California Supreme Court on December 29, 2011 by its decision in California Redevelopment Association v. Matosantos, all California redevelopment agencies, including the Redevelopment Agency, were dissolved on February 1, 2012, and successor agencies were designated and vested with the responsibility of paying, performing and enforcing the enforceable obligations of the former redevelopment agencies and expeditiously winding down the business and fiscal affairs of the former redevelopment agencies; and
WHEREAS, the City Council of the City adopted Resolution No. 2012-7136 on January 5, 2012, pursuant to AB 26, electing for the City to serve as the successor agency to the Redevelopment Agency upon the dissolution of the Redevelopment Agency on February 1, 2012; and
WHEREAS, on February 1, 2012, the Redevelopment Agency was dissolved by operation of law and the Successor Agency was established pursuant to AB 26. The Successor Agency is a separate and distinct legal entity from the City, with rules and regulations that apply to its governance and operations; and
WHEREAS, AB 26 has since been amended by various assembly and senate bills enacted by the Legislature and signed by the Governor. AB 26 as amended is hereinafter referred to as the “Dissolution Law”; and
WHEREAS, in 2018, the County of San Diego Countywide Redevelopment Successor Agency Oversight Board (the “Oversight Board”) was established pursuant to the Dissolution Law. The Oversight Board possesses fiduciary responsibilities to holders of enforceable obligations and taxing entities that benefit from distributions of property taxes and other revenues. As a part of these responsibilities, the Oversight Board reviews and approves the annual “Recognized Obligation Payment Schedule” (“ROPS”) submitted by successor agencies within San Diego County for the payment of obligations, before the submittal of the ROPS to the California Department of Finance (the “DOF”) for its approval; and WHEREAS, pursuant to the Dissolution Law, the ROPS is the reporting document setting forth the minimum payment amounts and due dates of payments required by enforceable obligations of the Successor Agency for each fiscal year. The ROPS is forward looking to the next one year; and
ATTACHMENT 2

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Resolution No. 2025-066

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WHEREAS, after the approval of the ROPS by the Oversight Board and then the DOF under the Dissolution Law, the San Diego County Auditor-Controller (the “County AuditorController”) is responsible for ensuring that the Successor Agency receives revenues from certain property tax (“Redevelopment Property Tax Trust Fund” or “RPTTF”) sufficient to meet the payment requirements of the ROPS’s enforceable obligations during each fiscal year period; and
WHEREAS, the ROPS covering the 12-month fiscal year period from July 1, 2022 through June 30, 2023 (“ROPS 22-23”) was duly submitted by the Successor Agency and approved by the Oversight Board and the DOF, with certain changes in the amount of RPTTF approved for allocation to the Successor Agency for payment of its enforceable obligations during the 2022-2023 Fiscal Year including payment of debt service on outstanding bonds of the Successor Agency and other obligations. In particular, as a part of the ROPS 22-23, there is a summary of cash balances, including the expenditures and excess cash during the 12-month fiscal year period from July 1, 2019 through June 30, 2020 (i.e. the ROPS 19-20 period) that becomes a prior period adjustment (“PPA”) to the amount of RPTTF approved for allocation to the Successor Agency for the ROPS 22-23 period; and
WHEREAS, the PPA for ROPS 19-20 was mistakenly calculated by not taking into account a bond payment expenditure of $644,345.63 made during a bond refunding process in Fiscal Year 2019-2020, and such incorrect amount was included in the cash balances on ROPS 22-23. This mistaken amount made it appear (incorrectly) that the Successor Agency had $644,345.63 surplus funds to use to pay its enforceable obligations on ROPS 22-23. This mistake resulted in the DOF reducing the amount of RPTTF approved for payment to the Successor Agency for enforceable obligations listed on ROPS 22-23 by a total PPA amount of Seven Hundred Ninety Eight Thousand Two Hundred Ninety Seven Dollars ($798,297). This mistake and shortfall of Successor Agency funds has continued in all subsequent ROPS since ROPS 22-23, thereby resulting in reduced RPTTF on subsequent ROPS approved by DOF since the date of the ROPS 19-20 PPA miscalculation on ROPS 22-23. Most recently, the RPTTF that has been received on June 1, 2025 and that will be received on January 2, 2026 by the Successor Agency to pay enforceable obligations listed on its ROPS 25-26, for the period of July 1, 2025 through June 30, 2026, is insufficient to pay all approved ROPS 25-26 enforceable obligations, including certain tax allocation bond debt and reserve payments that are due by the Successor Agency in May/June 2026, administrative costs, and other obligations; and WHEREAS, the DOF has acknowledged to Successor Agency staff that the PPA for ROPS 19-20 was mistakenly calculated and has advised in writing that, in order for the Successor Agency to receive the RPTTF shortage, the Successor Agency will need to obtain an additional loan from the City and place the loan on the upcoming ROPS 26-27 for its review and approval; and
WHEREAS, pursuant to H&S Code Section 34173(h) of the Dissolution Law, the City is authorized, in the City’s discretion, to loan or grant funds to the Successor Agency for the payment of administrative costs, enforceable obligations, or project-related expenses that qualify as an enforceable obligation, and only to the extent that the Successor Agency receives an insufficient distribution from the RPTTF or other approved sources of funding are insufficient to pay approved enforceable obligations in the ROPS period. H&S Code Section 34173(h) further requires that the receipt and use of loan or grant funds shall be reflected on the Successor Agency’s ROPS and, therefore, are subject to the oversight and approval of the Oversight Board. Once approved by the Oversight Board, an enforceable obligation shall be deemed to be created for the repayment of those loans. The interest payable on any loan

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Resolution No. 2025-066

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created pursuant to H&S Code Section 34173(h) shall be calculated on a fixed annual simple basis and applied to the outstanding principal amount until fully paid, at a rate not to exceed the most recently published interest rate earned by funds deposited into the Local Agency Investment Fund during the previous fiscal quarter. Repayment of loans created under H&S Code Section 34173(h) shall be applied first to principal, and second to interest, and shall be subordinate to other approved enforceable obligations, and shall be repaid to the extent RPTTF allocated to the Successor Agency is available after fulfilling other enforceable obligations approved in the Successor Agency’s ROPS; and
WHEREAS, pursuant to H&S Code Section 34177.3(b), the Successor Agency may create enforceable obligations to conduct the work of winding down the former Redevelopment Agency, including hiring staff, acquiring necessary professional administrative services and legal counsel, and procuring insurance; and
WHEREAS, to enable the Successor Agency to meet its fiduciary responsibilities to holders of enforceable obligations, including certain tax allocation bond debt and reserve payments that are due by the Successor Agency in May/June 2026 and to have adequate funds for administration costs and other obligations, the City desires to loan to the Successor Agency an amount not to exceed Six Hundred Forty Four Thousand Three Hundred Forty Six Dollars ($644,346); and
WHEREAS, subject to approval by the Oversight Board, the Successor Agency may enter into this Loan Agreement with the City pursuant to the authority granted by H&S Code Sections 33220, 33610, 34173(h), 34177.3 and 34180(h); and WHEREAS, the City and the Successor Agency have determined that entering into this Loan Agreement is in the best interests of the City and the Successor Agency; and WHEREAS, after reviewing the terms of the proposed Loan Agreement between the City and the Successor Agency, the Loan from the City to the Successor Agency, and the Successor Agency’s repayment of such Loan, and after reviewing any written and oral comments from the public relating thereto, the City Council desires, subject to Oversight Board approval, to approve the terms of the Loan and the proposed Loan Agreement and to make the following accompanying findings, resolutions and determinations.

NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS by the City Council of the City of Imperial Beach that:

Section 1. The foregoing recitals are true and correct.

Section 2. The City Council hereby finds and determines that the proposed Loan Agreement and the Loan are necessary for the Successor Agency to meet its fiduciary responsibilities for the purpose of paying the enforceable obligations, including administrative costs, set forth in the Loan Agreement.

Section 3. The City Council hereby approves: (i) the proposed Loan Agreement as an enforceable obligation under the Dissolution Law, wherein the City would provide the Loan to the Successor Agency for the purpose of paying the enforceable obligations, including administrative costs, set forth in the Loan Agreement; and (ii) the Successor Agency’s repayment of the Loan to the City in each fiscal year period with a pledge of property taxes payable from the Redevelopment Property Tax Trust Fund, at an interest rate on the Loan equal to the rate applicable to funds on deposit in the Local Agency Investment Fund.

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Resolution No. 2025-066

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Section 4. The City Council hereby authorizes (i) the City Manager to execute the proposed Loan Agreement with the Successor Agency consistent with the terms of the Loan Agreement and the Loan approved by this Resolution, including without limitation the City’s loan/advance of the Loan in the amount not to exceed Six Hundred Forty Four Thousand Three Hundred Forty Six Dollars ($644,346); and (ii) the Successor Agency’s repayment of the Loan to the City in each fiscal year period with a pledge of property taxes payable from the Redevelopment Property Tax Trust Fund, at an interest rate on the Loan equal to the rate applicable to funds on deposit in the Local Agency Investment Fund.

Section 5. This Resolution shall take effect at the time and in the manner prescribed in H&S Code Section 34179(h).

Section 6. The City Council determines that the activity approved by this Resolution is not a “project” for purposes of CEQA, as that term is defined by Guidelines Section 15378, because the activity approved by this Resolution is an organizational or administrative activity that will not result in a direct or indirect physical change in the environment, per Section 15378(b)(5) of the Guidelines.

Section 7. The City Clerk shall certify as to the adoption of this Resolution.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its special meeting held on the 3
rd day of December 2025, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:
_____
MITCHELL D. MCKAY, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

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RESOLUTION NO. SA-25-98

A RESOLUTION OF THE IMPERIAL BEACH REDEVELOPMENT AGENCY SUCCESSOR

AGENCY APPROVING THE LOAN AGREEMENT BETWEEN THE CITY OF IMPERIAL

BEACH AND THE SUCCESSOR AGENCY IN ORDER FOR THE SUCCESSOR AGENCY TO

PAY CERTAIN ENFORCEABLE OBLIGATIONS AND ADMINISTRATIVE COSTS WHEREAS, the Imperial Beach Redevelopment Agency (the “Redevelopment Agency”) was a redevelopment agency in the City of Imperial Beach (“City”), duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (“Redevelopment Law”); and WHEREAS, Assembly Bill No. X1 26 (2011-2012 1st Ex. Sess.) (“AB 26”) was signed by the Governor of California on June 28, 2011, making certain changes to the Redevelopment Law and to the California Health and Safety Code (“H&S Code”), including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) to Division 24 of the H&S Code; and
WHEREAS, pursuant to AB 26, as modified by the California Supreme Court on December 29, 2011 by its decision in California Redevelopment Association v. Matosantos, all California redevelopment agencies, including the Redevelopment Agency, were dissolved on February 1, 2012, and successor agencies were designated and vested with the responsibility of paying, performing and enforcing the enforceable obligations of the former redevelopment agencies and expeditiously winding down the business and fiscal affairs of the former redevelopment agencies; and
WHEREAS, the City Council of the City adopted Resolution No. 2012-7136 on January 5, 2012, pursuant to AB 26, electing for the City to serve as the successor agency to the Redevelopment Agency upon the dissolution of the Redevelopment Agency on February 1, 2012; and
WHEREAS, on February 1, 2012, the Redevelopment Agency was dissolved by operation of law and the Successor Agency was established pursuant to AB 26. The Successor Agency is a separate and distinct legal entity from the City, with rules and regulations that apply to its governance and operations; and
WHEREAS, AB 26 has since been amended by various assembly and senate bills enacted by the Legislature and signed by the Governor. AB 26 as amended is hereinafter referred to as the “Dissolution Law”; and
WHEREAS, in 2018, the County of San Diego Countywide Redevelopment Successor Agency Oversight Board (the “Oversight Board”) was established pursuant to the Dissolution Law. The Oversight Board possesses fiduciary responsibilities to holders of enforceable obligations and taxing entities that benefit from distributions of property taxes and other revenues. As a part of these responsibilities, the Oversight Board reviews and approves the annual “Recognized Obligation Payment Schedule” (“ROPS”) submitted by successor agencies within San Diego County for the payment of obligations, before the submittal of the ROPS to the California Department of Finance (the “DOF”) for its approval; and WHEREAS, pursuant to the Dissolution Law, the ROPS is the reporting document setting forth the minimum payment amounts and due dates of payments required by enforceable obligations of the Successor Agency for each fiscal year. The ROPS is forward looking to the next one year; and
ATTACHMENT 3

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WHEREAS, after the approval of the ROPS by the Oversight Board and then the DOF under the Dissolution Law, the San Diego County Auditor-Controller (the “County AuditorController”) is responsible for ensuring that the Successor Agency receives revenues from certain property tax (“Redevelopment Property Tax Trust Fund” or “RPTTF”) sufficient to meet the payment requirements of the ROPS’s enforceable obligations during each fiscal year period; and
WHEREAS, the ROPS covering the 12-month fiscal year period from July 1, 2022 through June 30, 2023 (“ROPS 22-23”) was duly submitted by the Successor Agency and approved by the Oversight Board and the DOF, with certain changes in the amount of RPTTF approved for allocation to the Successor Agency for payment of its enforceable obligations during the 2022-2023 Fiscal Year including payment of debt service on outstanding bonds of the Successor Agency and other obligations. In particular, as a part of the ROPS 22-23, there is a summary of cash balances, including the expenditures and excess cash during the 12-month fiscal year period from July 1, 2019 through June 30, 2020 (i.e. the ROPS 19-20 period) that becomes a prior period adjustment (“PPA”) to the amount of RPTTF approved for allocation to the Successor Agency for the ROPS 22-23 period; and
WHEREAS, the PPA for ROPS 19-20 was mistakenly calculated by not taking into account a bond payment expenditure of $644,345.63 made during a bond refunding process in Fiscal Year 2019-2020, and such incorrect amount was included in the cash balances on ROPS 22-23. This mistaken amount made it appear (incorrectly) that the Successor Agency had $644,345.63 surplus funds to use to pay its enforceable obligations on ROPS 22-23. This mistake resulted in the DOF reducing the amount of RPTTF approved for payment to the Successor Agency for enforceable obligations listed on ROPS 22-23 by a total PPA amount of Seven Hundred Ninety Eight Thousand Two Hundred Ninety Seven Dollars ($798,297). This mistake and shortfall of Successor Agency funds has continued in all subsequent ROPS since ROPS 22-23, thereby resulting in reduced RPTTF on subsequent ROPS approved by DOF since the date of the ROPS 19-20 PPA miscalculation on ROPS 22-23. Most recently, the RPTTF that has been received on June 1, 2025 and that will be received on January 2, 2026 by the Successor Agency to pay enforceable obligations listed on its ROPS 25-26, for the period of July 1, 2025 through June 30, 2026, is insufficient to pay all approved ROPS 25-26 enforceable obligations, including certain tax allocation bond debt and reserve payments that are due by the Successor Agency in May/June 2026, administrative costs, and other obligations; and WHEREAS, the DOF has acknowledged to Successor Agency staff that the PPA for ROPS 19-20 was mistakenly calculated and has advised in writing that, in order for the Successor Agency to receive the RPTTF shortage, the Successor Agency will need to obtain an additional loan from the City and place the loan on the upcoming ROPS 26-27 for its review and approval; and
WHEREAS, pursuant to H&S Code Section 34173(h) of the Dissolution Law, the City is authorized, in the City’s discretion, to loan or grant funds to the Successor Agency for the payment of administrative costs, enforceable obligations, or project-related expenses that qualify as an enforceable obligation, and only to the extent that the Successor Agency receives an insufficient distribution from the RPTTF or other approved sources of funding are insufficient to pay approved enforceable obligations in the ROPS period. H&S Code Section 34173(h) further requires that the receipt and use of loan or grant funds shall be reflected on the Successor Agency’s ROPS or the administrative budget, and therefore are subject to the oversight and approval of the Oversight Board. Once approved by the Oversight Board, an enforceable obligation shall be deemed to be created for the repayment of those loans. The interest payable on any loan created pursuant to H&S Code Section 34173(h) shall be

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calculated on a fixed annual simple basis and applied to the outstanding principal amount until fully paid, at a rate not to exceed the most recently published interest rate earned by funds deposited into the Local Agency Investment Fund during the previous fiscal quarter.

Repayment of loans created under H&S Code Section 34173(h) shall be applied first to principal, and second to interest, and shall be subordinate to other approved enforceable obligations, and shall be repaid to the extent RPTTF allocated to the Successor Agency is available after fulfilling other enforceable obligations approved in the Successor Agency’s ROPS; and
WHEREAS, pursuant to H&S Code Section 34177.3(b), the Successor Agency may create enforceable obligations to conduct the work of winding down the former Redevelopment Agency, including hiring staff, acquiring necessary professional administrative services and legal counsel, and procuring insurance; and
WHEREAS, to enable the Successor Agency to meet its fiduciary responsibilities to holders of enforceable obligations, including certain tax allocation bond debt and reserve payments that are due by the Successor Agency in May/June 2025, and to have adequate funds for administration costs and other obligations, the City desires to loan to the Successor Agency an amount not to exceed Six Hundred Forty Four Thousand Three Hundred Forty Six Dollars ($644,346); and
WHEREAS, subject to approval by the Oversight Board, the Successor Agency may enter into this Loan Agreement with the City pursuant to the authority granted by H&S Code Sections 33220, 33610, 34173(h), 34177.3 and 34180(h); and WHEREAS, the City and the Successor Agency have determined that entering into this Loan Agreement is in the best interests of the City and the Successor Agency; and WHEREAS, after reviewing the terms of the proposed Loan Agreement between the City and the Successor Agency, the Loan from the City to the Successor Agency, and the Successor Agency’s repayment of such Loan, and after reviewing any written and oral comments from the public relating thereto, the Successor Agency desires, subject to Oversight Board approval, to approve the terms of the Loan and the proposed Loan Agreement and to make the following accompanying findings, resolutions and determinations.

NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS by the Imperial Beach Redevelopment Agency Successor Agency that:

Section 1. The foregoing recitals are true and correct.

Section 2. The Successor Agency hereby finds and determines that the proposed Loan Agreement and the Loan are necessary for the Successor Agency to meet its fiduciary responsibilities for the purpose of paying the enforceable obligations, including administrative costs, set forth in the Loan Agreement.

Section 3. The Successor Agency hereby approves: (i) the proposed Loan Agreement as an enforceable obligation under the Dissolution Law, wherein the City would provide the Loan to the Successor Agency for the purpose of paying the enforceable obligations, including administrative costs, set forth in the Loan Agreement; and (ii) the Successor Agency’s repayment of the Loan to the City in each fiscal year period with a pledge of property taxes payable from the Redevelopment Property Tax Trust Fund, at an interest rate

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on the Loan equal to the rate applicable to funds on deposit in the Local Agency Investment Fund.

Section 4. The Successor Agency hereby authorizes (i) the Executive Director to execute the proposed Loan Agreement with the City consistent with the terms of the Loan Agreement and the Loan approved by this Resolution, including without limitation the City’s loan/advance of the Loan in the amount not to exceed Six Hundred Forty Four Thousand Three Hundred Forty Six Dollars ($644,346); and (ii) the Successor Agency’s repayment of the Loan to the City in each fiscal year period with a pledge of property taxes payable from the Redevelopment Property Tax Trust Fund, at an interest rate on the Loan equal to the rate applicable to funds on deposit in the Local Agency Investment Fund.

Section 5. This Resolution shall take effect at the time and in the manner prescribed in H&S Code Section 34179(h).

Section 6. The Successor Agency determines that the activity approved by this Resolution is not a “project” for purposes of CEQA, as that term is defined by Guidelines Section 15378, because the activity approved by this Resolution is an organizational or administrative activity that will not result in a direct or indirect physical change in the environment, per Section 15378(b)(5) of the Guidelines.

Section 7. The Secretary shall certify as to the adoption of this Resolution.

PASSED, APPROVED, AND ADOPTED by the Imperial Beach Redevelopment Agency Successor Agency at its special meeting held on the 3
rd day of December 2025, by the following
vote:

AYES: BOARDMEMBERS:

NOES: BOARDMEMBERS:

ABSENT: BOARDMEMBERS:
________________
MITCHELL D. MCKAY, CHAIRPERSON
ATTEST:

JACQUELINE M. KELLY, MMC

SECRETARY

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December 3, 2025
ITEM TITLE: RESOLUTION NOS. SA-25-99 & SA-25-100 OF THE IB RDA SUCCESSOR

AGENCY APPROVING THE ADMINISTRATIVE BUDGET & THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 26-27) FOR THE 12-MONTH PERIOD 07-01-2026 THROUGH 06-30-2027 AND APPROVING RELATED ACTIONS.(0418-50)
ORIGINATING DEPARTMENT:

Finance
EXECUTIVE SUMMARY:

Staff is seeking adoption of Resolution No. SA-25-99 and Resolution No. SA-25-100 by the Successor Agency Board approving the Successor Agency’s Administrative Budget and ROPS 26-27 for the period from July 1, 2026 through June 30, 2027 and approving related actions. Total enforceable obligations listed on the ROPS 26-27 to be funded with funds from the Redevelopment Property Tax Trust Fund (RPTTF) total $3,151,346 which amount includes, among other enforceable obligations, (a) an administrative budget of $170,000 determined by the Successor Agency based on a thorough review of past and present administrative expenses and responsibilities; and (b) the use of prior reserve funds of $436,900 (RPTTF received by the Successor Agency during the ROPS 25-26 period) to pay for certain tax allocation bond debt service payments to be made during the ROPS 26-27A period. Payment obligations listed on the ROPS 26-27 include payments with respect to the (i) outstanding tax allocation refunding bonds, (ii) Pier South Hotel, (iii) litigation defense costs and expenses, (iv) annual auditing services, (v) the City of Imperial Beach loan to the Successor Agency of $644,346 and (vi) administration and miscellaneous expenses.

RECOMMENDATION:

Staff recommends that the Successor Agency adopt Resolution No. SA-25-99 approving the Administrative Budget for the period from July 1, 2026 through June 30, 2027, and adopt Resolution No. SA-25-100 approving the ROPS 26-27 for the period from July 1, 2026 through June 30, 2027, and approve related actions.

OPTIONS:
 Adopt the resolutions as recommended.
 Provide staff with direction for alternative action.

BACKGROUND/ANALYSIS:

The Dissolution Law governing the wind-down of the former Imperial Beach Redevelopment Agency’s (Former RDA) affairs requires the Successor Agency to prepare an Administrative Budget and submit the Administrative Budget to the Oversight Board for approval. The Dissolution Law further requires the Successor Agency to provide to the San Diego County Auditor-Controller (County Auditor-Controller) for each 6-month fiscal period the administrative

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cost estimates from its approved Administrative Budget that are to be paid from property tax revenues (i.e. former tax increment revenues) deposited in the County’s Redevelopment Property Tax Trust Fund (RPTTF) established for the Successor Agency. The administrative cost estimates paid with RPTTF is also known as Administrative Cost Allowance. Based on a thorough review of past and present administrative expenses and responsibilities, the Successor Agency is requesting, for Fiscal Year 2026-2027, a total amount of $170,000 as its Administrative Cost Allowance to pay its estimated administrative costs that are detailed in the proposed Administrative Budget. This amount is the same amount requested last year in the prior ROPS 25-26.

The Dissolution Law also requires the Successor Agency to prepare a ROPS before each fiscal year period and to submit the ROPS for the fiscal year period of July 1, 2026 through June 30, 2027, after its approval and adoption by the Oversight Board (defined below), to the Department of Finance and the County Auditor-Controller not later than February 1, 2026. The ROPS serves as the designated reporting mechanism for disclosing the Successor Agency’s minimum fiscal year payment obligations by amount and source, and the County Auditor-Controller is responsible for ensuring that the Successor Agency receives revenues from the RPTTF sufficient to meet the requirements of the ROPS during each fiscal year period. The Successor Agency has determined that it requires a total amount of $3,151,346 from the RPTTF for Fiscal Year 2026-2027, which includes $170,000 for administrative costs, to meet the financial enforceable obligations of the Successor Agency listed on the ROPS 26-27. In addition, the total amount of RPTTF includes the Successor Agency’s use of $436,900 in reserve funds (RPTTF received by the Successor Agency during the ROPS 25-26 period) to pay for certain tax allocation bond debt service payments to be made during the ROPS 26-27A period.

As a part of the ROPS 26-27, the Dissolution Law requires a reporting of cash balances for the prior period from July 1, 2023 through June 30, 2024 (the prior ROPS 23-24 period), to determine the amount of unspent RPTTF funds received by the Successor Agency for payment obligations listed on the ROPS 23-24 that can be allocated and used toward payment obligations listed on the ROPS 26-27. A separate reconciliation of the ROPS 23-24 covering the period from July 1, 2023 through June 30, 2024 has determined an unaudited total amount of $173,469 in unspent RPTTF funds which, if concurred by the Department of Finance, will be used by the Successor Agency to fund payment obligations listed on the ROPS 26-27, and therefore adjust the amount of RPTTF to be paid by the County Auditor-Controller to the Successor Agency in Fiscal Year 2026-2027 for the ROPS 26-27. The Successor Agency is uncertain that the carryover amounts of available funds are accurate and available. The Successor Agency will further review the accuracy of this amount with the County Auditor and Controller and the Department of Finance.

In 2018, the County of San Diego Countywide Redevelopment Successor Agency Oversight Board (“Oversight Board”) was established pursuant to California Health and Safety (“H&S”) Code Section 34179(j) of the Dissolution Law. This Oversight Board oversees all successor agencies located in the County of San Diego, including the Successor Agency. The Oversight Board possesses fiduciary responsibilities to holders of enforceable obligations and taxing entities that benefit from distributions of property taxes and other revenues. The duties and responsibilities of the Oversight Board are primarily set forth in H&S Code Sections 34179 through 34181 of the Dissolution Law.

Pursuant to the Dissolution Law, the Successor Agency is obligated to prepare and submit the ROPS on forms provided by the Department of Finance. In this regard, the Successor Agency staff has included in both Resolution No. SA-25-99 (i.e. Section 3(vi)) and Resolution No. SA-25- 100 (i.e. Section 3(iv)) authorization and direction to the Executive Director or designee to revise the ROPS 25-26 and the Administrative Budget (if necessary), and make such changes and amendments as necessary, before the Successor Agency’s official submittal of the ROPS 26-27

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and the Administrative Budget to the Oversight Board and the Department of Finance in order to complete the ROPS 26-27 and the Administrative Budget in the manner provided by the Department of Finance and to conform the ROPS 26-27 and the Administrative Budget to the form or format as prescribed by the Department of Finance. The Oversight Board will consider the Administrative Budget and the ROPS 26-27 at its meeting scheduled for Thursday, January 15, 2026, and the deadline to submit the Administrative Budget and the ROPS 26-27 to the Department of Finance is February 1, 2026.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

The RPTTF funds requested are necessary to meet Successor Agency recognized and enforceable obligations under the Dissolution Law.

ATTACHMENTS:

ATT 1 – Resolution No. SA-25-99 Administrative Budget (ROPS 26-27 Period) ATT 2 – Administrative Budget - ROPS 26-27 Period
ATT 3 – Resolution No. SA-24-100 Recognized Obligation Payment Schedule (ROPS) 26-27 ATT 4 – Recognized Obligation Payment Schedule (ROPS) 26-27

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ATTACHMENT 1
RESOLUTION NO. SA-25-99

A RESOLUTION OF THE IMPERIAL BEACH REDEVELOPMENT AGENCY SUCCESSOR AGENCY APPROVING THE ADMINISTRATIVE BUDGET FOR THE 12-MONTH FISCAL YEAR PERIOD FROM JULY 1, 2026 THROUGH JUNE 30, 2027 (ROPS 26-27 PERIOD) AND

APPROVING RELATED ACTIONS
WHEREAS, the Imperial Beach Redevelopment Agency (“Redevelopment Agency”) was a redevelopment agency in the City of Imperial Beach (“City”), duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (“Redevelopment Law”); and WHEREAS, Assembly Bill No. X1 26 (2011-2012 1st Ex. Sess.) (“AB 26”) was signed by the Governor of California on June 28, 2011, making certain changes to the Redevelopment Law and to the California Health and Safety Code (“H&S Code”), including adding Part 1.8 (commencing with Section 34161) (“Part 1.8”) and Part 1.85 (commencing with Section 34170) (“Part 1.85”) to Division 24 of the H&S Code; and
WHEREAS, pursuant to AB 26, as modified by the California Supreme Court on December 29, 2011 by its decision in California Redevelopment Association v. Matosantos, all California redevelopment agencies, including the Redevelopment Agency, were dissolved on February 1, 2012, and successor agencies were designated and vested with the responsibility of paying, performing and enforcing the enforceable obligations of the former redevelopment agencies and expeditiously winding down the business and fiscal affairs of the former redevelopment agencies; and
WHEREAS, the City Council of the City adopted Resolution No. 2012-7136 on January 5, 2012, pursuant to Part 1.85 of AB 26, electing for the City to serve as the successor agency to the Redevelopment Agency upon the dissolution of the Redevelopment Agency on February 1, 2012 under AB 26 (“Successor Agency”); and
WHEREAS, on February 1, 2012, the Redevelopment Agency was dissolved by operation of law and the Successor Agency was established pursuant to AB 26; and WHEREAS, on February 15, 2012, the Board of Directors of the Successor Agency, adopted Resolution No. SA-12-01 naming itself the “Imperial Beach Redevelopment Agency Successor Agency,” the sole name by which it exercises its powers and fulfills its duties pursuant to Part 1.85 of AB 26, as a separate legal entity with rules and regulations that apply to its governance and operations; and
WHEREAS, AB 26 has since been amended by various assembly and senate bills enacted and signed by the Governor. AB 26 as amended is hereinafter referred to as the “Dissolution Law”; and
WHEREAS, in 2018, the County of San Diego Countywide Redevelopment Successor Agency Oversight Board (“Oversight Board”) was established pursuant to H&S Code Section 34179(j) of the Dissolution Law. The Oversight Board possesses fiduciary responsibilities to holders of enforceable obligations and taxing entities that benefit from distributions of property taxes and other revenues. The duties and responsibilities of the Oversight Board are primarily set forth in H&S Code Sections 34179 through 34181 of the Dissolution Law; and WHEREAS, on April 12, 2013, the California Department of Finance (“Department of Finance”) issued the Finding of Completion to the Successor Agency pursuant to H&S Code Section 34179.7 of the Dissolution Law; and

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WHEREAS, H&S Code Section 34177(j) of the Dissolution Law requires the Successor Agency to prepare an administrative budget and submit the administrative budget to the Oversight Board for approval. The administrative budget shall include all of the following: (i) estimated amounts for Successor Agency administrative costs for the upcoming two 6-month fiscal periods; (ii) proposed sources of payment for Successor Agency administrative costs; and (iii) proposals for arrangements for administrative and operations services provided by the City or other entity; and
WHEREAS, H&S Code Section 34177(k) of the Dissolution Law requires the Successor Agency to provide to the San Diego County Auditor-Controller (“County Auditor-Controller”) for each 6-month fiscal period the administrative cost estimates from its approved administrative budget that are to be paid from property tax revenues (i.e. former tax increment revenues) deposited in the County’s Redevelopment Property Tax Trust Fund (“RPTTF”) established for the Successor Agency; and
WHEREAS, staff of the Successor Agency seeks the Successor Agency’s review and approval of the administrative budget covering the 12-month fiscal year period from July 1, 2026 through June 30, 2027 (“Administrative Budget”), in the form presented to the Successor Agency at this meeting, and the Successor Agency’s authorization to submit the approved Administrative Budget to the Oversight Board for its approval and to forward the information required by H&S Code Section 34177(k) to the County Auditor-Controller; and WHEREAS, the Administrative Budget has been prepared in accordance with H&S Code Section 34177(j) of the Dissolution Law and is consistent with the requirements of the H&S Code and other applicable law. As indicated in the Administrative Budget, the Successor Agency does not directly employ its own staff but relies on the employees and staff members of the City to perform its functions and operations required by the Dissolution Law; and WHEREAS, the proposed source of payment of the costs set forth in the Administrative Budget in the amount of $170,000 is property taxes from the County’s RPTTF established for the Successor Agency. These costs in the amount of $170,000 are listed as Item #11 on the proposed Recognized Obligation Payment Schedule for the 12-month fiscal year period from July 1, 2026 through June 30, 2027 (“ROPS 26-27”) for funding from RPTTF, which ROPS 26-27 is proposed to be considered by the Successor Agency at this same meeting of the Successor Agency; and WHEREAS, as required by H&S Code Section 34180(j) of the Dissolution Law, the Successor Agency will submit a copy of the Administrative Budget to the San Diego County Administrative Officer (“County Administrative Officer”), the County Auditor-Controller, and the Department of Finance at the same time that the Successor Agency submits the Administrative Budget to the Oversight Board for review and approval; and WHEREAS, as required by H&S Code Section 34179(f) of the Dissolution Law, all notices required by law for proposed actions of the Oversight Board will be posted on the Successor Agency’s internet website or the Oversight Board’s internet website; and WHEREAS, pursuant to H&S Code Section 34179(h)(1) of the Dissolution Law, written notice and information about all actions taken by the Oversight Board shall be provided to the Department of Finance as an approved Resolution by electronic means and in a manner of the Department of Finance’s choosing; except, however, the Oversight Board is not required, by H&S Code Section 34179(h)(1)(B), to submit the Oversight Board action approving the Administrative Budget to the Department of Finance for its approval; and

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WHEREAS, in furtherance of Part 1.85 of the Dissolution Law, a copy of the Administrative Budget as it may be approved by the Oversight Board will be submitted to the County AuditorController and the State Controller’s Office and will be posted on the Successor Agency’s internet website. If desired by the Successor Agency or the Oversight Board, a copy of the Administrative Budget as it may be approved by the Oversight Board will be submitted to the Department of Finance; and
WHEREAS, pursuant to H&S Code Section 34183(a)(2) and (3) of the Dissolution Law, the County Auditor-Controller is required to make a payment of property tax revenues (i.e. former tax increment funds) from the RPTTF to the Successor Agency on June 1, 2026 and January 2, 2027 for payments to be made toward recognized obligations listed on the approved ROPS 26-27 and for the administrative cost allowance for administrative costs set forth in the Administrative Budget; and
WHEREAS, the activity proposed for approval by this Resolution has been reviewed with respect to applicability of the California Environmental Quality Act (“CEQA”), the State CEQA Guidelines (California Code of Regulations, Title 14, Section 15000 et seq., hereafter the “Guidelines”), and the City’s environmental guidelines; and WHEREAS, the activity proposed for approval by this Resolution is not a “project” for purposes of CEQA, as that term is defined by Guidelines Section 15378, because the activity proposed by this Resolution is an organizational or administrative activity that will not result in a direct or indirect physical change in the environment, per Section 15378(b)(5) of the Guidelines; and
WHEREAS, all of the prerequisites with respect to the approval of this Resolution have been met;
NOW, THEREFORE, BE IT RESOLVED by the Imperial Beach Redevelopment Agency Successor Agency, as follows:

Section 1. The Successor Agency determines that the foregoing recitals are true and correct and are a substantive part of this Resolution.

Section 2. The Successor Agency approves the Administrative Budget covering the 12-month fiscal year period from July 1, 2026, through June 30, 2027, in substantially the form presented to the Successor Agency at this meeting.

Section 3. The Executive Director, or designee, of the Successor Agency is authorized and directed to: (i) submit the approved Administrative Budget to the Oversight Board for its review and approval and concurrently submit a copy of the Administrative Budget to the County Administrative Officer, the County Auditor-Controller, and the Department of Finance; (ii) if desired by the Successor Agency or the Oversight Board, submit the Administrative Budget, as approved by the Oversight Board, and written notice of the Oversight Board’s approval of the Administrative Budget by Resolution, to the Department of Finance electronically pursuant to H&S Code Section 34179(h)(1) of the Dissolution Law; (iii) submit a copy of the Administrative Budget, as approved by the Oversight Board, to the County AuditorController and the State Controller’s Office; (iv) post the Administrative Budget, as approved by the Oversight Board, on the Successor Agency’s internet website; (v) upon approval of the Oversight Board, submit to the County Auditor-Controller the administrative cost estimates from the

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Administrative Budget in the amount of $170,000 that are to be paid from property tax revenues deposited in the County’s RPTTF established for the Successor Agency; (vi) revise the Administrative Budget, and make such changes and amendments as necessary, before official submittal of the Administrative Budget to the Oversight Board and the Department of Finance in order to complete the Administrative Budget in the manner provided by the Department of Finance and to conform the Administrative Budget to the form or format as may be prescribed by the Department of Finance; and (vii) take such other actions and execute such other documents as are necessary to effectuate the intent of this Resolution on behalf of the Successor Agency.

Section 4. If any provision of this Resolution or the application of any such provision to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution that can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The Successor Agency declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion of this Resolution.

Section 5. The adoption of this Resolution is not intended to and shall not constitute a waiver by the Successor Agency of any constitutional, legal or equitable rights that the Successor Agency may have to challenge, through any administrative or judicial proceedings, the effectiveness and/or legality of all or any portion of the Dissolution Law, any determinations rendered or actions or omissions to act by any public agency or government entity or division in the implementation of the Dissolution Law, and any and all related legal and factual issues, and the Successor Agency expressly reserves any and all rights, privileges, and defenses available under law and equity.

Section 7. This Resolution shall take effect upon the date of its adoption.

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PASSED, APPROVED, AND ADOPTED by the Imperial Beach Redevelopment Agency Successor Agency at its special meeting held on the 3
rd day of December 2025, by the following
vote:

AYES: BOARDMEMBERS:

NOES: BOARDMEMBERS:

ABSENT: BOARDMEMBERS:

MITCHELL D. MCKAY,

CHAIRPERSON
ATTEST:

JACQUELINE M. KELLY, MMC

SECRETARY

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Salaries and Benefits July-December
2026
January-June
2027
Fiscal Year
2026-2027
City Manager 5%
Salaries 5,852 5,852 11,705
Benefits 3,336 3,336 6,671
Chief Administrative Officer 5%
Salaries 5,615 5,615 11,231
Benefits 3,117 3,117 6,235
Comm Dev Director 5%
Salaries 5,137 5,137 10,274
Benefits 2,050 2,050 4,100
Finance Director 10%
Salaries 9,334 9,334 18,668
Benefits 4,319 4,319 8,638
Finance Manager 5%
Salaries 3,713 3,713 7,427
Benefits 1,627 1,627 3,253
City Clerk 5%
Salaries 4,341 4,341 8,683
Benefits 1,951 1,951 3,902
Total Salaries and Benefits 50,392 50,392 100,785
Other Operating Expenses
Materials, Services and Supplies
Professional and Specialized Services 17,500 17,500 35,000 Other Charges 17,108 17,108 34,215
Total Materials, Services and Supplies 34,608 34,608 69,215 Total Succesor Agency Admin Allowance $ 85,000 $ 85,000 $ 170,000 Successor Agency to the Imperial Beach Redevelopment Agency Admin Budget - (ROPS 26-27 Period)
ATTACHMENT 2

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ATTACHMENT 3
RESOLUTION NO. SA-25-100

A RESOLUTION OF THE IMPERIAL BEACH REDEVELOPMENT AGENCY SUCCESSOR

AGENCY APPROVING AND ADOPTING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 26-27) FOR THE 12-MONTH FISCAL YEAR PERIOD FROM JULY 1, 2026 THROUGH JUNE 30, 2027, AND APPROVING RELATED ACTIONS
WHEREAS, the Imperial Beach Redevelopment Agency (“Redevelopment Agency”) was a redevelopment agency in the City of Imperial Beach (“City”), duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (“Redevelopment Law”); and WHEREAS, Assembly Bill No. X1 26 (2011-2012 1st Ex. Sess.) (“AB 26”) was signed by the Governor of California on June 28, 2011, making certain changes to the Redevelopment Law and to the California Health and Safety Code (“H&S Code”), including adding Part 1.8 (commencing with Section 34161) (“Part 1.8”) and Part 1.85 (commencing with Section 34170) (“Part 1.85”) to Division 24 of the H&S Code; and
WHEREAS, pursuant to AB 26, as modified by the California Supreme Court on December 29, 2011 by its decision in California Redevelopment Association v. Matosantos, all California redevelopment agencies, including the Redevelopment Agency, were dissolved on February 1, 2012, and successor agencies were designated and vested with the responsibility of paying, performing and enforcing the enforceable obligations of the former redevelopment agencies and expeditiously winding down the business and fiscal affairs of the former redevelopment agencies; and
WHEREAS, the City Council of the City adopted Resolution No. 2012-7136 on January 5, 2012, pursuant to Part 1.85 of AB 26, electing for the City to serve as the successor agency to the Redevelopment Agency upon the dissolution of the Redevelopment Agency on February 1, 2012 under AB 26 (“Successor Agency”); and
WHEREAS, on February 1, 2012, the Redevelopment Agency was dissolved by operation of law and the Successor Agency was established pursuant to AB 26; and WHEREAS, on February 15, 2012, the Board of Directors of the Successor Agency adopted Resolution No. SA-12-01 naming itself the “Imperial Beach Redevelopment Agency Successor Agency,” the sole name by which it exercises its powers and fulfills its duties pursuant to Part 1.85 of AB 26, as a separate legal entity with rules and regulations that apply to its governance and operations; and
WHEREAS, AB 26 has since been amended by various assembly and senate bills enacted by the Legislature and signed by the Governor. AB 26 as amended is hereinafter referred to as the “Dissolution Law”; and
WHEREAS, in 2018, the County of San Diego Countywide Redevelopment Successor Agency Oversight Board (“Oversight Board”) was established pursuant to H&S Code Section 34179(j) of the Dissolution Law. The Oversight Board possesses fiduciary responsibilities to holders of enforceable obligations and taxing entities that benefit from distributions of property taxes and other revenues. The duties and responsibilities of the Oversight Board are primarily set forth in H&S Code Sections 34179 through 34181 of the Dissolution Law; and WHEREAS, on April 12, 2013, the California Department of Finance (“Department of Finance”) issued the Finding of Completion to the Successor Agency pursuant to H&S Code Section 34179.7 of the Dissolution Law; and

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Resolution No. SA-25-100

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WHEREAS, pursuant to H&S Code Section 34171(h) of the Dissolution Law, “Recognized Obligation Payment Schedule” (“ROPS”) means the document setting forth the minimum payment amounts and due dates of payments required by enforceable obligations of the Successor Agency for each fiscal year as provided in H&S Code Section 34177(o) of the Dissolution Law; and WHEREAS, pursuant to H&S Code Section 34177(l)(3) of the Dissolution Law, the ROPS shall be forward looking to the next one year in accordance with H&S Code Section 34177(o); and
WHEREAS, according to H&S Code Section 34177(l)(1) of the Dissolution Law, the Successor Agency shall prepare a ROPS before each fiscal year period. For each recognized obligation, the ROPS shall identify one or more of the following sources of payment: (i) Low and Moderate Income Housing Funds, (ii) bond proceeds, (iii) reserve balances, (iv) administrative cost allowance, (v) the Redevelopment Property Tax Trust Fund (“RPTTF”) but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation or by the provisions of Part 1.85 of the Dissolution Law, and (vi) other revenue sources, including rents, concessions, asset sale proceeds, interest earnings, and any other revenues derived from the former Redevelopment Agency as approved by the Oversight Board in accordance with Part 1.85 of the Dissolution Law; and WHEREAS, it is the intent of the Dissolution Law that the ROPS serve as the designated reporting mechanism for disclosing the Successor Agency’s minimum fiscal year payment obligations by amount and source and that the San Diego County Auditor-Controller (“County Auditor-Controller”) will be responsible for ensuring that the Successor Agency receives revenues sufficient to meet the requirements of the ROPS during each fiscal year period; and WHEREAS, pursuant to H&S Code Section 34177(o) of the Dissolution Law, the Successor Agency is required to submit the ROPS for the fiscal year period of July 1, 2026 through June 30, 2027, after its approval and adoption by the Oversight Board, to the Department of Finance and the County Auditor-Controller not later than February 1, 2026; and WHEREAS, the ROPS covering the 12-month fiscal year period from July 1, 2026 through June 30, 2027 (“ROPS 26-27”) is presented to the Successor Agency at this meeting for review, approval, and adoption; and
WHEREAS, if approved and adopted by the Successor Agency, the ROPS 26-27 shall thereafter be submitted to the Oversight Board for review, approval, and adoption. In this regard, H&S Code Sections 34177(l)(2)(B) and 34180(j) of the Dissolution Law require the Successor Agency to submit a copy of the ROPS 26-27 to the San Diego County Administrative Officer (“County Administrative Officer”), the County Auditor-Controller, and the Department of Finance at the same time that the Successor Agency submits the ROPS 26-27 to the Oversight Board for approval; and
WHEREAS, pursuant to H&S Code Section 34177(l)(2)(C) of the Dissolution Law, a copy of the Oversight Board-approved ROPS 26-27 shall be submitted to the County AuditorController, the State Controller’s Office, and the Department of Finance and shall be posted on the Successor Agency’s internet website; and
WHEREAS, pursuant to H&S Code Section 34177(o)(1)(A) of the Dissolution Law, the Successor Agency shall submit a copy of the Oversight Board-approved ROPS 26-27 to the Department of Finance in the manner provided by the Department of Finance; and

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Resolution No. SA-25-100

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WHEREAS, pursuant to H&S Code Section 34183(a)(2) of the Dissolution Law, the County Auditor-Controller is required to make a payment of property tax revenues (i.e. former tax increment funds) from the RPTTF to the Successor Agency on June 1, 2026 and January 2, 2027 for payments to be made toward recognized obligations listed on the ROPS 26-27 and approved by the Department of Finance; and
WHEREAS, the proposed ROPS 26-27 is consistent with the requirements of the H&S Code and other applicable law; and
WHEREAS, the proposed ROPS 26-27 contains the schedules for payments on enforceable obligations required for the applicable fiscal year period and sources of funds for payments as required pursuant to H&S Code Section 34177(l) of the Dissolution Law; and WHEREAS, pursuant to H&S Code Section 34177(o)(1) of the Dissolution Law, the ROPS 26-27 as approved and adopted by the Oversight Board shall be submitted to the Department of Finance and the County Auditor-Controller no later than February 1, 2026. Section 34177(o)(1) further provides that the Department of Finance shall make its determination of the enforceable obligations and the amounts and funding sources of the enforceable obligations no later than April 15, 2026 and that the Successor Agency may, within 5 business days of the Department of Finance’s determination, request additional review by the Department of Finance and an opportunity to meet and confer on disputed items. In the event of a meet and confer and request for additional review, the Department of Finance shall notify the Successor Agency and the County Auditor-Controller as to the outcome of its review at least 15 calendar days before the date of the first property tax distribution for that period (i.e. before June 1, 2026); and WHEREAS, the activity proposed for approval by this Resolution has been reviewed with respect to applicability of the California Environmental Quality Act (“CEQA”), the State CEQA Guidelines (California Code of Regulations, Title 14, Section 15000 et seq., hereafter the “Guidelines”), and the City’s environmental guidelines; and WHEREAS, the activity proposed for approval by this Resolution is not a “project” for purposes of CEQA, as that term is defined by Guidelines Section 15378, because the activity proposed by this Resolution is an organizational or administrative activity that will not result in a direct or indirect physical change in the environment, per Section 15378(b)(5) of the Guidelines; and
WHEREAS, all of the prerequisites with respect to the approval of this Resolution have been met;
NOW, THEREFORE, BE IT RESOLVED by the Imperial Beach Redevelopment Agency Successor Agency, as follows:

Section 1. The Successor Agency determines that the foregoing recitals are true and correct and are a substantive part of this Resolution.

Section 2. The Successor Agency approves and adopts the ROPS 26-27 for the 12- month fiscal year period from July 1, 2026 through June 30, 2027, in substantially the form presented to the Successor Agency at this meeting.

Section 3. The Executive Director, or designee, of the Successor Agency is authorized and directed to: (i) provide the ROPS 26-27 to the Oversight Board for review, approval, and adoption and concurrently submit a copy of the ROPS 26-27 to the County Administrative Officer, the County Auditor-Controller, and the Department of Finance; (ii) submit the ROPS

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Resolution No. SA-25-100

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26-27, as approved and adopted by the Oversight Board, to the Department of Finance and to the County Auditor-Controller no later than February 1, 2026; (iii) submit a copy of the ROPS 26-27, as approved and adopted by the Oversight Board, to the State Controller’s Office and post the ROPS 26-27 on the Successor Agency’s internet website; (iv) revise the ROPS 26-27, and make such changes and amendments as necessary, before official submittal of the ROPS 26-27 to the Oversight Board and the Department of Finance in order to complete the ROPS 26-27 in the manner provided by the Department of Finance and to conform the ROPS 26-27 to the form or format as prescribed by the Department of Finance; (v) make other non-substantive changes and amendments to the ROPS 26-27 as may be approved by the Executive Director of the Successor Agency and its legal counsel; and (vi) take such other actions and execute such other documents as are necessary or desirable to effectuate the intent of this Resolution on behalf of the Successor Agency.

Section 7. This Resolution shall take effect upon the date of its adoption.

PASSED, APPROVED, AND ADOPTED by the Imperial Beach Redevelopment Agency Successor Agency at its special meeting held on the 3
rd day of December 2025, by the following
vote:

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Resolution No. SA-25-100

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AYES: BOARDMEMBERS:

NOES: BOARDMEMBERS:

ABSENT: BOARDMEMBERS:

MITCHELL D. MCKAY,

CHAIRPERSON
ATTEST:

JACQUELINE M. KELLY, MMC

SECRETARY

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Recognized Obligation Payment Schedule (ROPS 26-27) - Summary Filed for the July 1, 2026 through June 30, 2027 Period Successor Agency: Imperial Beach
County: San Diego
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
26-27A Total
(July -
December)
26-27B Total
(January -
June)
ROPS 26-27
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 436,900 $ - $ 436,900 B Bond Proceeds - - -
C Reserve Balance 436,900 - 436,900
D Other Funds - - -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 746,196 $ 1,968,250 $ 2,714,446 F RPTTF 661,196 1,883,250 2,544,446
G Administrative RPTTF 85,000 85,000 170,000
H Current Period Enforceable Obligations (A+E) $ 1,183,096 $ 1,968,250 $ 3,151,346 Certification of Oversight Board Chairman:

Name Title
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency. /s/
Signature Date
ATTACHMENT 4

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Imperial Beach
Recognized Obligation Payment Schedule (ROPS 26-27) - ROPS Detail July 1, 2026 through June 30, 2027

A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
26-27
Total
ROPS 26-27A (Jul - Dec)
26-27A
Total
ROPS 26-27B (Jan - Jun)
26-27B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds
RPTTF
Admin
RPTTF
$44,535,946 $3,151,346 $- $436,900 $- $661,196 $85,000 $1,183,096 $- $- $- $1,883,250 $85,000 $1,968,250 11 Admin
Budget
Admin
Costs
07/01/
2026
06/30/2027 Successor
Agency & City
of Imperial
Beach
Per Sections
34177(j) and
34177(k) of the
Dissolution Law,
the Administrative
Budget and
estimated payment
with RPTTF was
approved by
Successor Agency
by Resolution and
presented to the
Oversight Board
for approval by
Resolution. See
Notes Page.

Palm Ave
Commercial
Corridor
PA1, PA2
170,000 N $170,000 - - - - 85,000 $85,000 - - - - 85,000 $85,000 14 Pier South
Hotel Project
Requirements

OPA/DDA/
Construction
12/01/
2010
03/15/2066 Successor
Agency & City
of Imperial
Beach
Fulfillment of
Project
requirements per
Developer/Former
RDA DDA and
Ground Lease, per
H&S Code Section
34171(d)(1)(E).

See Notes Page.

Palm Ave
Commercial
Corridor
PA1, PA2
5,000 N $5,000 - - - 2,500 - $2,500 - - - 2,500 - $2,500 18 Litigation -
Defense
Costs/Fees
Litigation 04/25/
2012
06/30/2027 Kane Ballmer
& Berkman
Lawsuit filed by
Affordable Housing
Coalition of San
Diego County re
obligations of
Former RDA. See
Notes Page.

Palm Ave
Commercial
Corridor
PA1, PA2
10,000 N $10,000 - - - 5,000 - $5,000 - - - 5,000 - $5,000 23 Tax Allocation
Bonds
Required
Annual
Continuing
Disclosure
Fees 11/18/
2010
06/01/2040 NBS Costs relating to
required annual
continuing
disclosure
obligations of the
Successor Agency
on the 2020A
Series TARBs and
2022 TARBs. See
Notes Page.

Palm Ave
Commercial
Corridor
PA1, PA2
4,500 N $4,500 - - - 2,250 - $2,250 - - - 2,250 - $2,250 24 Tax Allocation
Bonds
Property Tax
Data
Fees 09/18/
2025
06/01/2040 HdL Data used by NBS
for preparation of
the required
annual continuing
Palm Ave
Commercial
Corridor
PA1, PA2
5,000 N $5,000 - - - 2,500 - $2,500 - - - 2,500 - $2,500

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A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
26-27
Total
ROPS 26-27A (Jul - Dec)
26-27A
Total
ROPS 26-27B (Jan - Jun)
26-27B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds
RPTTF
Admin
RPTTF
Collection/
Monitoring
disclosure
obligations of the
Successor Agency
on the 2020A
Series TARBs and
2022 TARBs. See
Notes Page.
25 Successor
Agency
Annual
Financial
Audit and
Financial
Statements
Required by
State Law
Dissolution
Audits
05/21/
2025
06/30/2030 Rogers,
Anderson,
Malody &
Scoot, LLP
Costs relating to
the Successor
Agency's
preparation of
Annual Audit and
Financial
Statements
required by State
law. See Notes
Page.

Palm Ave
Commercial
Corridor
PA1, PA2
2,100 N $2,100 - - - 2,100 - $2,100 - - - - - $-
34 Trustee
Services for
2020A Series
TARBs and
2022 TARBS
Fees 11/18/
2010
06/01/2040 Computershare
Trust
Company, NA
Trustee Services
for the 2020A
Series A and 2022
Tax Allocation
Refunding Bonds.

See Notes Page.

Palm Ave
Commercial
Corridor
PA1, PA3
5,000 N $5,000 - - - 2,500 - $2,500 - - - 2,500 - $2,500 43 2020A Tax
Allocation
Refund
Bonds issued
by the SA in
compliance
with H&S
Code Section
34177.5 as
approved by
the DOF
(Refunded
2010 TABs)
Bonds
Issued After
12/31/10
06/01/
2020
06/01/2040 Computershare
Trust Company
NA
Bond Debt Service
pursuant to H&S
Code Section
34171(d)(1)(A),
34171(d)(1)(E),
and 34177.5
Palm Ave
Commercial
Corridor
PA1, PA2
13,780,000 N $551,200 - 275,600 - - - $275,600 - - - 275,600 - $275,600 44 Reserve for
2020A Tax
Allocation
Refunding
Bond
Reserves 06/01/
2020
06/01/2040 Computershare
Trust
Company, NA
Reserve for Bond
Debt Service
pursuant to
Section
34171(d)(1)(A),
34171(d)(1)(E),
and 34177.5 and
as mandated by
the bond
indenture.

Palm Ave
Commercial
Corridor
PA1, PA2
13,780,000 N $275,600 - - - - - $- - - - 275,600 - $275,600 45 2022 Tax
Allocation
Refunding
Bonds (to
refund 2013
Bonds
Issued After
12/31/10
03/08/
2022
06/01/2033 Computershare
Trust
Company, NA
Bond Debt Service
pursuant to
Section
34171(d)(1)(A),
34171(d)(1)(E),
Palm Ave
Commercial
Corridor
PA1, PA2
8,065,000 N $1,337,600 - 161,300 - - - $161,300 - - - 1,176,300 - $1,176,300

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A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
26-27
Total
ROPS 26-27A (Jul - Dec)
26-27A
Total
ROPS 26-27B (Jan - Jun)
26-27B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds
RPTTF
Admin
RPTTF
Series
TARBs)
and 34177.5.
46 Reserve for
2022 Tax
Allocation
Refunding
Bonds
Reserves 03/08/
2022
06/01/2033 Computershare
Trust
Company, NA
Reserve for Bond
Debt Service
pursuant to
Section
34171(d)(1)(A),
34171(d)(1)(E),and
34177.5 as
mandated by the
bond indenture.

Palm Ave
Commercial
Corridor
PA1, PA2
8,065,000 N $141,000 - - - - - $- - - - 141,000 - $141,000 48 Loan from the
City of
Imperial
Beach for
ROPS24-25
Obligations
City/County
Loans After
6/27/11
12/17/
2024
06/30/2026 City of Imperial
Beach
The City will loan
the Successor
Agency to pay its
enforceable
obligations in the
ROPS24-25 period
as a result of
shortage in RPTTF
from a
miscalculation in
the ROPS 21-22
Prior Period
Adjustment and
from other
inaccuracies in the
calculations of
funds that DOF
had presumed
available to pay for
ROPS 24-25
enforceable
obligations.
- Y $- - - - - - $- - - - - - $-
49 Loan from the
City of
Imperial
Beach for
ROPS25-26
Obligations
City/County
Loans After
6/27/11
12/03/
2025
06/30/2027 City of Imperial
Beach
The City will loan
the Successor
Agency to pay its
enforceable
obligations in the
ROPS25-26 period
as a result of
shortage in RPTTF
from a
miscalculation in
the ROPS 19-20
Prior Period
Adjustment and
from other
inaccuracies in the
calculations of
funds that DOF
had presumed
available to pay for
644,346 N $644,346 - - - 644,346 - $644,346 - - - - - $-

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Imperial Beach
Recognized Obligation Payment Schedule (ROPS 26-27) - Report of Cash Balances July 1, 2023 through June 30, 2024
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation.

A B C D E F G H
ROPS 23-24 Cash Balances
(07/01/23 - 06/30/24)
Fund Sources
Comments
Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
RPTTF and
Reserve
Balances retained
for future
period(s)
Rent, grants,
interest, etc.

Non-Admin
and Admin
1 Beginning Available Cash Balance (Actual 07/01/23)
RPTTF amount should exclude "A" period distribution
amount.
236,976 48,747 86,926 Column 1-E represents $552,806 in RPTTF paid in ROPS 22-23 to be used for bond debt
service payments in December 2023 and a
revised PPA21-22 ($49,726) and a PPA22-23
($278,790) and an adjustment as a result of
revised PPA19-20 (-$644,346) available for
use in future ROPS periods. Column 1-F
represents accumulated interest in the
RPTTF Fund. Column 1-G represents PPA
from prior years (PPA20-21) used for ROPS
23-24. The Successor Agency is uncertain
that the carry over amounts of available funds
are accurate and available
2 Revenue/Income (Actual 06/30/24)
RPTTF amount should tie to the ROPS 23-24 total
distribution from the County Auditor-Controller
30,459 2,053,393 Column 2-F represents the interest earned during FY23-24. Column 2-G represents
RPTTF paid to the SA for ROPS 23-24
period.
3 Expenditures for ROPS 23-24 Enforceable Obligations
(Actual 06/30/24)
493,900 1,565,821 Column 3-E represents $493,900 in RPTTF paid in ROPS 22-23 as a reserve to be used

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Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation.

Non-Admin
and Admin
for bond debt service payments paid in
December 2023. Column 3-G represents
RPTTF expended during ROPS 23-24 period
(excluding those paid by reserve).
4 Retention of Available Cash Balance (Actual 06/30/24) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
475,700 Column 4-F represents interest accumulated
in prior years to be used during ROPS 25-26
Column 4-G represents RPTTF paid during
ROPS 23-24 period as a reserve for bond
debt service payments in December 2024
during ROPS 24-25 period.
5 ROPS 23-24 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 23-24 PPA
form submitted to the CAC
No entry required 173,469 Column 5-G represents the PPA for ROPS 23-24
6 Ending Actual Available Cash Balance (06/30/24)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $(256,924) $79,206 $(74,671)

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Imperial Beach
Recognized Obligation Payment Schedule (ROPS 26-27) - Notes July 1, 2026 through June 30, 2027
Item # Notes/Comments
11 The amount of the Administrative Cost Allowance is not intended to limit the use and amount of other funds available to the Sucessor Agency (SA), if any is available, to be used to pay for additional administrative costs included in the Administrative Budget for the period July 1, 2026 through June 30, 2027.
14 Costs associated with a DDA entered into by Former RDA on 12/16/10 & prior Ground Lease dated 3/ 15/11, in addition to Covenants, Conditions & Restrictions recorded on the Site. Pursuant to H&S Code Section 34171(d)(1)(E), this item constitutes an enforceable obligation. The SA was the fee owner & landlord of the Site. This item is excluded from the definition of & payment by the admin cost allowance & does not constitute an admin cost as a project-related cost pursuant to H&S Code Section 34171(b). Payment of this obligation is required by the underlying Former RDA DDA & prior Ground Lease, & therefore constitutes an enforceable obligation of the SA & shall be payable from RPTTF. On 12/9/22, the SA conveyed the real property to the lessee, Seacoast Inn, L.P. pursuant to the terms of the prior Ground Lease & the Option Agreement. Funds listed are to cover any expenses incurred by the SA associated with the wind down of the SA's fee title ownership & the conveyance of the Site to lessee.
18 Litigation costs due to the filing of a lawsuit by the Affordable Housing Coalition of San Diego County alleging that unmet obligations of the Former RDA pursuant to the California Community Redevelopment Law constitute an enforceable obligation of the SA payable from RPTTF. Costs relating to potential and pending litigation in connection with assets or obligations constitute an enforceable obligation of the SA and shall be payable from RPTTF monies, not as an administrative cost, pursuant to H&S Code Section 34171(b) and 34171(d)(1)(F)(i). 23 Costs relating to annual continuing disclosure obligations of the SA on the 2020A Series (Refunded 2010 Series) Tax Allocation Refunding Bonds and the 2022 Series (Refunded 2013 Series) Tax Allocation Refunding Bonds are required by the Indentures governing the issuance of the TARBs and constitute enforceable obligations of the SA pursuant to H&S Code Sections 34171(d)(1)(A), 34171(d)(1)(E), and 34177.5 and shall be payable from RPTTF monies, not as an administrative cost. 24 Costs relating to data collection and monitoring for the annual continuing disclosure obligations of the SA on the 2020A Series (Refunded 2010 Series) Tax Allocation Refunding Bonds and the 2022 Series (Refunded 2013 Series) Tax Allocation Refunding Bonds are required by the Indentures governing the issuance of the TARBs and constitute enforceable obligations of the SA pursuant to H&S Code Sections 34171(d)(1)(A), 34171(d)(1)(E), and 34177.5, and shall be payable from RPTTF monies, not as an administrative cost.
25 Costs relating to the SA's obligation to cause a CPA to prepare an annual post audit of its financial transactions and records as required by H&S Code Section 34177(n). Payment of this obligation is required by State law at H&S Code Section 34177(n) and therefore constitutes an enforceable obligation of the SA pursuant to H&S Code Section 34171(d)(1)(C) and shall be payable from RPTTF monies, and is not an administrative cost.
34 Costs relating to Trustee services provided to the SA for both the 2020A Series (Refunded 2010 Series) Tax Allocation Refunding Bonds and the 2022 Series (Refunded 2013 Series) Tax Allocation Refunding Bonds are required by the Indentures governing the issuance of the TARBs and constitute enforceable obligations of the SA pursuant to H&S Code Sections 34171(d)(1)(A), 34171(d)(1)(E), and 34177.5 and shall be payable from RPTTF monies, not as an administrative cost. 43 The amount of RPTTF sought in the ROPS26-27B period represents the June 1, 2027 debt service

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Imperial Beach City CouncilDecember 3, 2025

Imperial Beach City Council
December 3, 2025