Livermore City Council
June 10, 2024

ATTACHMENT 3
408
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 097 -0013-007-03 COM A1 2 49.920 7,150 $2,410.94 $3,057.15 $323.54 $19.00 $5,810.63 $2,410.94 $3,057.15 $101.62 $0.00 $5,569.70 2029 1ST ST 097 -0013-008-00 COM A1 2 25.000 2,350 $1,207.40 $1,004.80 $106.34 $6.25 $2,324.79 $1,207.40 $1,004.80 $33.40 $0.00 $2,245.60 2041 1ST ST 097 -0013-009-00 VCOM A1 2 25.000 0 $1,207.40 $0.00 $0.00 $0.00 $1,207.40 $1,207.40 $0.00 $0.00 $0.00 $1,207.40 2047 1ST ST 097 -0013-010-00 COM A1 2 50.000 4,700 $2,414.80 $2,009.60 $212.68 $12.49 $4,649.57 $2,414.80 $2,009.60 $66.80 $0.00 $4,491.20 2059 1ST ST 097 -0014-001-01 COM A1 2 50.120 4,550 $2,420.60 $1,945.46 $205.89 $12.09 $4,584.04 $2,420.60 $1,945.46 $64.67 $0.00 $4,430.72 2193 1ST ST 097 -0014-002-00 INST A1 2 0.000 10,000 $0.00 $4,275.74 $452.50 $26.58 $4,754.82 $0.00 $4,275.74 $142.12 $0.00 $4,417.86 157 S J ST 097 -0014-003-08 COM A1 2 49.880 4,650 $2,409.00 $1,988.22 $210.41 $12.36 $4,619.99 $2,409.00 $1,988.22 $66.09 $0.00 $4,463.30 2175 1ST ST 097 -0014-004-03 OFF A1 2 69.000 2,072 $3,332.42 $885.93 $134.07 $7.88 $4,360.30 $3,332.42 $885.93 $42.11 $0.00 $4,260.46 2151 1ST ST 097 -0014-005-02 COM A1 2 0.000 800 $0.00 $342.06 $36.20 $2.13 $380.39 $0.00 $342.06 $11.37 $0.00 $353.42 2152 2ND ST 097 -0014-005-03 COM A1 2 31.000 4,512 $1,497.18 $1,929.21 $204.17 $11.99 $3,642.55 $1,497.18 $1,929.21 $64.13 $0.00 $3,490.52 2139 1ST ST 097 -0014-005-05 COM A1 2 27.000 2,800 $1,303.99 $1,197.21 $126.70 $7.44 $2,635.34 $1,303.99 $1,197.21 $39.79 $0.00 $2,540.98 2133 1ST ST 097 -0014-005-06 COM A1 2 23.000 3,180 $1,110.81 $1,359.69 $143.90 $8.45 $2,622.85 $1,110.81 $1,359.69 $45.20 $0.00 $2,515.70 2127 1ST ST 097 -0014-006-01 COM A1 2 0.000 5,802 $0.00 $2,480.78 $262.54 $15.42 $2,758.74 $0.00 $2,480.78 $82.46 $0.00 $2,563.24 184 S K ST 097 -0014-007-00 COM A1 2 25.000 1,750 $1,207.40 $748.25 $79.19 $4.65 $2,039.49 $1,207.40 $748.25 $24.87 $0.00 $1,980.52 2115 1ST ST 097 -0014-008-02 COM A1 2 25.000 1,680 $1,207.40 $718.32 $76.02 $4.47 $2,006.21 $1,207.40 $718.32 $23.88 $0.00 $1,949.60 2121 1ST ST 097 -0015-001-00 INST A1 2 40.770 13,772 $1,969.03 $5,888.55 $623.18 $36.61 $8,517.37 $1,969.03 $5,888.55 $195.73 $0.00 $8,053.30 2247 1ST ST 097 -0015-002-00 COM A1 2 0.000 5,750 $0.00 $2,458.55 $260.19 $15.28 $2,734.02 $0.00 $2,458.55 $81.72 $0.00 $2,540.26 167 S LIVERMORE AVE 097 -0015-004-01 COM A1 2 50.000 6,950 $2,414.80 $2,971.64 $314.49 $18.47 $5,719.40 $2,414.80 $2,971.64 $98.78 $0.00 $5,485.22 2235 1ST ST 097 -0015-004-02 COM A1 2 0.000 11,440 $0.00 $4,891.45 $517.66 $30.41 $5,439.52 $0.00 $4,891.45 $162.59 $0.00 $5,054.04 2222 2ND ST 097 -0015-005-01 COM A1 2 0.000 1,460 $0.00 $624.26 $66.07 $3.88 $694.21 $0.00 $624.26 $20.75 $0.00 $645.00 160 S J ST 097 -0015-005-02 COM A1 2 0.000 3,200 $0.00 $1,368.24 $144.80 $8.51 $1,521.55 $0.00 $1,368.24 $45.48 $0.00 $1,413.72 190 S J ST 097 -0015-006-00 COM A1 2 30.000 2,820 $1,448.88 $1,205.76 $127.61 $7.50 $2,789.75 $1,448.88 $1,205.76 $40.08 $0.00 $2,694.72 2205 1ST ST 097 -0015-007-00 COM A1 2 20.000 1,880 $965.92 $803.84 $85.07 $5.00 $1,859.83 $965.92 $803.84 $26.72 $0.00 $1,796.48 2211 1ST ST 097 -0015-009-00 COM A1 2 21.580 1,297 $1,042.23 $554.56 $58.69 $3.45 $1,658.93 $1,042.23 $554.56 $18.43 $0.00 $1,615.22 2241 1ST ST UNIT B 097 -0017-001-00 COM A2 2 0.000 1,689 $0.00 $0.00 $76.43 $4.49 $80.92 $0.00 $0.00 $24.00 $0.00 $24.00 283 S LIVERMORE AVE 097 -0017-002-00 COM A2 2 0.000 8,354 $0.00 $0.00 $378.02 $22.20 $400.22 $0.00 $0.00 $118.73 $0.00 $118.72 2287 2ND ST 097 -0017-004-00 VCOM A2 2 0.000 7,108 $0.00 $0.00 $321.64 $18.89 $340.53 $0.00 $0.00 $101.02 $0.00 $101.02 2287 2ND ST 097 -0017-007-00 SFR A2 2 0.000 1,128 $0.00 $0.00 $293.37 $17.23 $310.60 $0.00 $0.00 $92.14 $0.00 $92.14 2224 3RD ST 097 -0017-008-00 SFR A2 2 0.000 2,231 $0.00 $0.00 $580.23 $34.09 $614.32 $0.00 $0.00 $182.24 $0.00 $182.24 282 S J ST 097 -0017-009-00 SFR A2 2 0.000 937 $0.00 $0.00 $243.69 $14.32 $258.01 $0.00 $0.00 $76.54 $0.00 $76.54 266 S J ST 097 -0017-010-00 COM A2 2 0.000 5,000 $0.00 $0.00 $226.25 $13.29 $239.54 $0.00 $0.00 $71.06 $0.00 $71.06 2217 2ND ST 097 -0017-011-02 COM A2 2 0.000 4,210 $0.00 $0.00 $190.50 $11.19 $201.69 $0.00 $0.00 $59.83 $0.00 $59.82 2247 2ND ST 097 -0017-011-03 COM A2 2 0.000 1,539 $0.00 $0.00 $69.64 $4.09 $73.73 $0.00 $0.00 $21.87 $0.00 $21.86 2240 3RD ST 097 -0018-001-00 COM A2 2 0.000 2,500 $0.00 $0.00 $113.13 $6.65 $119.78 $0.00 $0.00 $35.53 $0.00 $35.52 2163 2ND ST 097 -0018-002-00 COM A2 2 0.000 4,658 $0.00 $0.00 $210.77 $12.38 $223.15 $0.00 $0.00 $66.20 $0.00 $66.20 2180 3RD ST 097 -0018-010-02 COM A2 2 0.000 11,523 $0.00 $0.00 $521.42 $30.63 $552.05 $0.00 $0.00 $163.77 $0.00 $163.76 2125 2ND ST 097 -0019-002-01 OFF A2 2 0.000 4,256 $0.00 $0.00 $275.40 $16.18 $291.58 $0.00 $0.00 $86.50 $0.00 $86.50 275 S K ST 097 -0019-004-01 COM A2 2 0.000 1,184 $0.00 $0.00 $53.58 $3.15 $56.73 $0.00 $0.00 $16.83 $0.00 $16.82 282 S L ST 097 -0019-005-00 COM A2 2 0.000 5,129 $0.00 $0.00 $232.09 $13.63 $245.72 $0.00 $0.00 $72.89 $0.00 $72.88 202 S L ST 097 -0019-008-01 COM A2 2 0.000 7,818 $0.00 $0.00 $353.76 $20.78 $374.54 $0.00 $0.00 $111.11 $0.00 $111.10 235 S K ST 097 -0020-007-04 COM B2 2 0.000 41,525 $0.00 $0.00 $1,879.01 $110.37 $1,989.38 $0.00 $0.00 $590.17 $0.00 $590.16 1951 2ND ST 097 -0021-003-01 COM B2 2 0.000 10,000 $0.00 $0.00 $452.50 $26.58 $479.08 $0.00 $0.00 $142.12 $0.00 $142.12 287 S M ST 097 -0021-004-01 SFR B2 2 0.000 1,234 $0.00 $0.00 $320.93 $18.85 $339.78 $0.00 $0.00 $100.80 $0.00 $100.80 1856 3RD ST 097 -0021-004-02 SFR B2 2 0.000 1,024 $0.00 $0.00 $266.32 $15.65 $281.97 $0.00 $0.00 $83.65 $0.00 $83.64 1842 3RD ST 097 -0021-005-00 SFR B2 2 0.000 1,040 $0.00 $0.00 $270.48 $15.89 $286.37 $0.00 $0.00 $84.95 $0.00 $84.94 1828 3RD ST 097 -0021-006-00 SFR B2 2 0.000 1,316 $0.00 $0.00 $342.26 $20.11 $362.37 $0.00 $0.00 $107.50 $0.00 $107.50 1814 3RD ST 097 -0021-007-00 COM B2 2 0.000 1,832 $0.00 $0.00 $82.90 $4.87 $87.77 $0.00 $0.00 $26.04 $0.00 $26.04 1817 2ND ST 097 -0022-001-00 COM B2 2 0.000 6,720 $0.00 $0.00 $304.08 $17.86 $321.94 $0.00 $0.00 $95.51 $0.00 $95.50 1783 2ND ST 097 -0022-004-02 OFF B2 2 0.000 1,088 $0.00 $0.00 $70.40 $4.14 $74.54 $0.00 $0.00 $22.11 $0.00 $22.10 1713 2ND ST 097 -0022-004-03 SFR B2 2 0.000 824 $0.00 $0.00 $214.30 $12.59 $226.89 $0.00 $0.00 $67.31 $0.00 $67.30 1727 2ND ST 097 -0022-004-04 SFR B2 2 0.000 1,083 $0.00 $0.00 $281.66 $16.55 $298.21 $0.00 $0.00 $88.47 $0.00 $88.46 1741 2ND ST 097 -0023-001-00 SFR B2 2 0.000 969 $0.00 $0.00 $252.01 $14.81 $266.82 $0.00 $0.00 $79.15 $0.00 $79.14 1683 2ND ST 097 -0023-006-01 MFR B2 2 0.000 1,296 $0.00 $0.00 $337.06 $19.80 $356.86 $0.00 $0.00 $105.86 $0.00 $105.86 210 S P ST 097 -0023-006-05 OFF B2 2 0.000 2,904 $0.00 $0.00 $187.91 $11.04 $198.95 $0.00 $0.00 $59.02 $0.00 $59.02 1617 2ND ST 097 -0023-008-00 SFR B2 2 0.000 956 $0.00 $0.00 $248.63 $14.61 $263.24 $0.00 $0.00 $78.09 $0.00 $78.08 1667 2ND ST 097 -0023-009-00 SFR B2 2 0.000 1,056 $0.00 $0.00 $274.64 $16.13 $290.77 $0.00 $0.00 $86.26 $0.00 $86.26 1651 2ND ST 097 -0024-003-07 SFR B2 2 0.000 1,304 $0.00 $0.00 $339.14 $19.92 $359.06 $0.00 $0.00 $106.52 $0.00 $106.52 220 S Q ST

ATTACHMENT 3
409
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 097 -0024-003-08 SFR B2 2 0.000 1,052 $0.00 $0.00 $273.60 $16.07 $289.67 $0.00 $0.00 $85.93 $0.00 $85.92 1529 2ND ST 097 -0024-005-00 SFR B2 2 0.000 1,121 $0.00 $0.00 $291.55 $17.13 $308.68 $0.00 $0.00 $91.57 $0.00 $91.56 1565 2ND ST 097 -0024-006-00 SFR B2 2 0.000 1,121 $0.00 $0.00 $291.55 $17.13 $308.68 $0.00 $0.00 $91.57 $0.00 $91.56 235 S P ST 097 -0024-007-00 SFR B2 2 0.000 1,348 $0.00 $0.00 $350.58 $20.60 $371.18 $0.00 $0.00 $110.11 $0.00 $110.10 1561 2ND ST 097 -0024-008-00 SFR B2 2 0.000 1,392 $0.00 $0.00 $362.03 $21.27 $383.30 $0.00 $0.00 $113.71 $0.00 $113.70 1557 2ND ST 097 -0024-009-00 SFR B2 2 0.000 1,349 $0.00 $0.00 $350.84 $20.61 $371.45 $0.00 $0.00 $110.19 $0.00 $110.18 1553 2ND ST 097 -0024-010-00 SFR B2 2 0.000 1,349 $0.00 $0.00 $350.84 $20.61 $371.45 $0.00 $0.00 $110.19 $0.00 $110.18 1549 2ND ST 097 -0024-011-00 SFR B2 2 0.000 1,339 $0.00 $0.00 $348.24 $20.46 $368.70 $0.00 $0.00 $109.38 $0.00 $109.38 1545 2ND ST 097 -0024-012-00 SFR B2 2 0.000 1,369 $0.00 $0.00 $356.04 $20.92 $376.96 $0.00 $0.00 $111.83 $0.00 $111.82 1541 2ND ST 097 -0028-001-00 MFR B3 2 0.000 1,807 $0.00 $0.00 $469.96 $27.61 $497.57 $0.00 $0.00 $147.61 $0.00 $147.60 325 S M ST 097 -0028-002-01 COM B3 2 0.000 2,400 $0.00 $0.00 $108.60 $6.38 $114.98 $0.00 $0.00 $34.11 $0.00 $34.10 381 S M ST 097 -0028-002-02 COM B3 2 0.000 1,165 $0.00 $0.00 $52.72 $3.10 $55.82 $0.00 $0.00 $16.56 $0.00 $16.56 1858 4TH ST 097 -0028-003-06 COM B3 2 0.000 6,412 $0.00 $0.00 $290.14 $17.04 $307.18 $0.00 $0.00 $91.13 $0.00 $91.12 1816 4TH ST 097 -0028-004-01 COM B3 2 0.000 5,431 $0.00 $0.00 $245.75 $14.44 $260.19 $0.00 $0.00 $77.19 $0.00 $77.18 1840 4TH ST 097 -0028-005-00 SFR B3 2 0.000 1,001 $0.00 $0.00 $260.34 $15.29 $275.63 $0.00 $0.00 $81.77 $0.00 $81.76 1853 3RD ST 097 -0028-006-00 SFR B3 2 0.000 995 $0.00 $0.00 $258.78 $15.20 $273.98 $0.00 $0.00 $81.28 $0.00 $81.28 1869 3RD ST 097 -0029-001-01 COM B3 2 0.000 7,750 $0.00 $0.00 $350.69 $20.60 $371.29 $0.00 $0.00 $110.15 $0.00 $110.14 325 S L ST 097 -0029-002-00 COM B3 2 0.000 6,067 $0.00 $0.00 $274.53 $16.13 $290.66 $0.00 $0.00 $86.23 $0.00 $86.22 381 S L ST 097 -0029-004-00 COM B3 2 0.000 1,760 $0.00 $0.00 $79.64 $4.68 $84.32 $0.00 $0.00 $25.01 $0.00 $25.00 1919 3RD ST 097 -0030-001-02 MFR A2 2 0.000 1,177 $0.00 $0.00 $306.11 $17.98 $324.09 $0.00 $0.00 $96.14 $0.00 $96.14 2073 3RD ST 097 -0030-001-03 OFF A2 2 0.000 1,177 $0.00 $0.00 $76.16 $4.47 $80.63 $0.00 $0.00 $23.92 $0.00 $23.92 2059 3RD ST 097 -0030-001-04 MFR A2 2 0.000 1,700 $0.00 $0.00 $442.13 $25.97 $468.10 $0.00 $0.00 $138.87 $0.00 $138.86 2087 3RD ST 097 -0030-001-05 SFR A2 2 0.000 1,177 $0.00 $0.00 $306.11 $17.98 $324.09 $0.00 $0.00 $96.14 $0.00 $96.14 343 S K ST 097 -0030-002-01 COM A2 2 0.000 2,044 $0.00 $0.00 $92.49 $5.43 $97.92 $0.00 $0.00 $29.05 $0.00 $29.04 2084 4TH ST 097 -0030-002-02 COM A2 2 0.000 1,032 $0.00 $0.00 $46.70 $2.74 $49.44 $0.00 $0.00 $14.67 $0.00 $14.66 2052 4TH ST 097 -0030-003-00 SFR A2 2 0.000 1,181 $0.00 $0.00 $307.15 $18.04 $325.19 $0.00 $0.00 $96.47 $0.00 $96.46 2038 4TH ST 097 -0030-004-00 COM A2 2 0.000 1,928 $0.00 $0.00 $87.24 $5.12 $92.36 $0.00 $0.00 $27.40 $0.00 $27.40 2020 4TH ST 097 -0030-007-01 COM A2 2 0.000 5,744 $0.00 $0.00 $259.92 $15.27 $275.19 $0.00 $0.00 $81.64 $0.00 $81.64 314 S L ST 097 -0031-001-00 PUB A2 2 0.000 5,400 $0.00 $0.00 $244.35 $14.35 $258.70 $0.00 $0.00 $76.75 $0.00 $76.74 2155 3RD ST 097 -0032-002-01 OFF A2 2 0.000 9,560 $0.00 $0.00 $618.61 $36.34 $654.95 $0.00 $0.00 $194.30 $0.00 $194.30 325 S I ST 097 -0032-003-00 SFR A2 2 0.000 1,717 $0.00 $0.00 $446.55 $26.23 $472.78 $0.00 $0.00 $140.25 $0.00 $140.24 2254 4TH ST 097 -0032-004-01 MFR A2 2 0.000 1,392 $0.00 $0.00 $362.03 $21.27 $383.30 $0.00 $0.00 $113.71 $0.00 $113.70 2238 4TH ST 097 -0032-004-02 COM A2 2 0.000 3,298 $0.00 $0.00 $149.23 $8.77 $158.00 $0.00 $0.00 $46.87 $0.00 $46.86 2210 4TH ST 097 -0032-005-00 COM A2 2 0.000 1,358 $0.00 $0.00 $61.45 $3.61 $65.06 $0.00 $0.00 $19.30 $0.00 $19.30 2207 3RD ST 097 -0032-006-00 COM A2 2 0.000 1,648 $0.00 $0.00 $74.57 $4.38 $78.95 $0.00 $0.00 $23.42 $0.00 $23.42 2221 3RD ST 097 -0032-007-00 SFR A2 2 0.000 1,335 $0.00 $0.00 $347.20 $20.40 $367.60 $0.00 $0.00 $109.05 $0.00 $109.04 2235 3RD ST 097 -0032-008-00 OFF A2 2 0.000 2,480 $0.00 $0.00 $160.48 $9.43 $169.91 $0.00 $0.00 $50.40 $0.00 $50.40 2257 3RD ST 097 -0033-001-03 COM A3 2 0.000 2,541 $0.00 $0.00 $114.98 $6.75 $121.73 $0.00 $0.00 $36.11 $0.00 $36.10 323 S LIVERMORE AVE 097 -0033-002-00 COM A3 2 0.000 7,616 $0.00 $0.00 $344.62 $20.24 $364.86 $0.00 $0.00 $108.24 $0.00 $108.24 357 S LIVERMORE AVE 097 -0035-001-02 OFF A2 2 0.000 1,576 $0.00 $0.00 $101.98 $5.99 $107.97 $0.00 $0.00 $32.03 $0.00 $32.02 2273 4TH ST 097 -0035-006-00 COM A2 2 0.000 2,173 $0.00 $0.00 $98.33 $5.78 $104.11 $0.00 $0.00 $30.88 $0.00 $30.88 2205 4TH ST 097 -0035-007-00 SFR A2 2 0.000 902 $0.00 $0.00 $234.59 $13.78 $248.37 $0.00 $0.00 $73.68 $0.00 $73.68 2235 4TH ST 097 -0035-008-02 COM A2 2 0.000 1,096 $0.00 $0.00 $49.59 $2.91 $52.50 $0.00 $0.00 $15.58 $0.00 $15.58 2255 4TH ST 097 -0036-001-03 COM A2 2 0.000 2,576 $0.00 $0.00 $116.56 $6.85 $123.41 $0.00 $0.00 $36.61 $0.00 $36.60 2181 4TH ST 097 -0036-002-02 COM A2 2 0.000 1,870 $0.00 $0.00 $84.62 $4.97 $89.59 $0.00 $0.00 $26.58 $0.00 $26.58 487 S J ST 097 -0036-003-00 OFF A2 2 0.000 1,590 $0.00 $0.00 $102.89 $6.04 $108.93 $0.00 $0.00 $32.31 $0.00 $32.30 2162 5TH ST 097 -0036-004-00 MFR A2 2 0.000 1,776 $0.00 $0.00 $461.89 $27.14 $489.03 $0.00 $0.00 $145.07 $0.00 $145.06 2150 5TH ST 097 -0036-005-00 SFR A2 2 0.000 1,850 $0.00 $0.00 $481.14 $28.27 $509.41 $0.00 $0.00 $151.12 $0.00 $151.12 486 S K ST 097 -0036-007-00 OFF A2 2 0.000 2,153 $0.00 $0.00 $139.32 $8.18 $147.50 $0.00 $0.00 $43.76 $0.00 $43.76 2109 4TH ST 097 -0036-008-00 OFF A2 2 0.000 3,646 $0.00 $0.00 $235.93 $13.86 $249.79 $0.00 $0.00 $74.10 $0.00 $74.10 2117 4TH ST 097 -0036-009-00 COM A2 2 0.000 1,590 $0.00 $0.00 $71.95 $4.23 $76.18 $0.00 $0.00 $22.60 $0.00 $22.60 2157 4TH ST 097 -0037-003-00 SFR A2 2 0.000 1,460 $0.00 $0.00 $379.71 $22.31 $402.02 $0.00 $0.00 $119.26 $0.00 $119.26 485 S K ST 097 -0037-004-02 CHRCH A2 2 0.000 30,281 $0.00 $0.00 $1,370.22 $80.49 $1,450.71 $0.00 $0.00 $430.36 $0.00 $430.36 2020 5TH ST 097 -0038-001-00 OFF B3 2 0.000 2,824 $0.00 $0.00 $182.74 $10.73 $193.47 $0.00 $0.00 $57.39 $0.00 $57.38 411 S L ST 097 -0038-004-00 COM B3 2 0.000 2,212 $0.00 $0.00 $100.09 $5.88 $105.97 $0.00 $0.00 $31.44 $0.00 $31.44 1915 4TH ST 097 -0038-005-00 MFR B3 2 0.000 3,424 $0.00 $0.00 $890.50 $52.32 $942.82 $0.00 $0.00 $279.69 $0.00 $279.68 1937 4TH ST 097 -0039-010-00 OFF B3 2 0.000 6,805 $0.00 $0.00 $440.34 $25.87 $466.21 $0.00 $0.00 $138.30 $0.00 $138.30 1841 4TH ST

ATTACHMENT 3
410
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 097 -0039-011-00 OFF B3 2 0.000 2,887 $0.00 $0.00 $186.81 $10.97 $197.78 $0.00 $0.00 $58.67 $0.00 $58.66 1813 4TH ST 097 -0082-001-01 COM B1 2 150.000 5,900 $870.90 $757.42 $266.98 $15.68 $1,910.98 $98.94 $86.05 $83.85 $0.00 $268.84 1485 1ST ST 097 -0082-002-00 SFR B1 2 0.000 1,139 $0.00 $146.22 $296.23 $17.40 $459.85 $0.00 $16.61 $93.04 $0.00 $109.64 1494 2ND ST 097 -0082-003-00 SFR B1 2 0.000 1,153 $0.00 $148.02 $299.87 $17.62 $465.51 $0.00 $16.82 $94.18 $0.00 $111.00 1478 2ND ST 097 -0082-004-00 SFR B1 2 0.000 1,139 $0.00 $146.22 $296.23 $17.40 $459.85 $0.00 $16.61 $93.04 $0.00 $109.64 1462 2ND ST 097 -0082-005-00 SFR B1 2 0.000 1,490 $0.00 $191.28 $387.51 $22.77 $601.56 $0.00 $21.73 $121.71 $0.00 $143.44 1446 2ND ST 097 -0082-006-00 OFF B1 2 0.000 1,139 $0.00 $146.22 $73.70 $4.33 $224.25 $0.00 $16.61 $23.15 $0.00 $39.76 1430 2ND ST 097 -0082-007-07 COM B1 2 0.000 266 $0.00 $34.15 $12.04 $0.71 $46.90 $0.00 $3.88 $3.78 $0.00 $7.66 160 HOLMES ST 097 -0082-007-08 COM B1 2 156.450 8,162 $908.35 $1,047.81 $369.33 $21.69 $2,347.18 $103.19 $119.04 $116.00 $0.00 $338.22 1421 1ST ST 097 -0082-009-01 COM B1 2 150.120 3,278 $871.60 $420.82 $148.33 $8.71 $1,449.46 $99.02 $47.81 $46.59 $0.00 $193.42 1453 1ST ST 097 -0107-001-00 SFR A3 2 0.000 893 $0.00 $0.00 $232.25 $13.64 $245.89 $0.00 $0.00 $72.95 $0.00 $72.94 2493 4TH ST 097 -0107-008-00 MFR A3 2 0.000 4,164 $0.00 $0.00 $1,082.96 $63.62 $1,146.58 $0.00 $0.00 $340.14 $0.00 $340.14 454 S LIVERMORE AVE 097 -0107-009-02 INST A3 2 0.000 778 $0.00 $0.00 $35.20 $2.07 $37.27 $0.00 $0.00 $11.06 $0.00 $11.06 2475 4TH ST 097 -0107-009-03 SFR A3 2 0.000 832 $0.00 $0.00 $216.38 $12.71 $229.09 $0.00 $0.00 $67.96 $0.00 $67.96 2417 4TH ST 097 -0107-009-04 SFR A3 2 0.000 1,014 $0.00 $0.00 $263.72 $15.49 $279.21 $0.00 $0.00 $82.83 $0.00 $82.82 2439 4TH ST 097 -0107-009-05 SFR A3 2 0.000 1,131 $0.00 $0.00 $294.15 $17.28 $311.43 $0.00 $0.00 $92.39 $0.00 $92.38 2455 4TH ST 097 -0108-001-00 MFR A3 2 0.000 2,943 $0.00 $0.00 $765.40 $44.97 $810.37 $0.00 $0.00 $240.40 $0.00 $240.40 2389 3RD ST 097 -0108-002-00 SFR A3 2 0.000 1,246 $0.00 $0.00 $324.05 $19.04 $343.09 $0.00 $0.00 $101.78 $0.00 $101.78 333 MCLEOD ST 097 -0108-003-00 MFR A3 2 0.000 3,302 $0.00 $0.00 $858.77 $50.45 $909.22 $0.00 $0.00 $269.73 $0.00 $269.72 367 MCLEOD ST 097 -0108-004-00 MFR A3 2 0.000 2,337 $0.00 $0.00 $607.80 $35.71 $643.51 $0.00 $0.00 $190.90 $0.00 $190.90 389 MCLEOD ST 097 -0108-005-00 COM A3 2 0.000 4,479 $0.00 $0.00 $202.67 $11.91 $214.58 $0.00 $0.00 $63.66 $0.00 $63.66 392 S LIVERMORE AVE 097 -0108-006-00 COM A3 2 0.000 3,492 $0.00 $0.00 $158.01 $9.28 $167.29 $0.00 $0.00 $49.63 $0.00 $49.62 358 S LIVERMORE AVE 097 -0108-008-03 COM A3 2 0.000 4,845 $0.00 $0.00 $219.24 $12.88 $232.12 $0.00 $0.00 $68.86 $0.00 $68.86 2341 3RD ST 097 -0108-010-01 SFR A3 2 0.000 2,052 $0.00 $0.00 $533.68 $31.35 $565.03 $0.00 $0.00 $167.62 $0.00 $167.62 2363 3RD ST 097 -0108-012-00 CON A2 2 0.000 2,115 $0.00 $0.00 $550.06 $32.32 $582.38 $0.00 $0.00 $172.77 $0.00 $172.76 318 S LIVERMORE AVE UNIT 1 097 -0108-013-00 CON A2 2 0.000 1,727 $0.00 $0.00 $449.15 $26.39 $475.54 $0.00 $0.00 $141.07 $0.00 $141.06 318 S LIVERMORE AVE UNIT 1 097 -0108-014-00 CON A2 2 0.000 2,115 $0.00 $0.00 $550.06 $32.32 $582.38 $0.00 $0.00 $172.77 $0.00 $172.76 318 S LIVERMORE AVE UNIT 1 097 -0108-015-00 CON A2 2 0.000 1,727 $0.00 $0.00 $449.15 $26.39 $475.54 $0.00 $0.00 $141.07 $0.00 $141.06 318 S LIVERMORE AVE UNIT 1 097 -0108-016-00 CON A2 2 0.000 2,115 $0.00 $0.00 $550.06 $32.32 $582.38 $0.00 $0.00 $172.77 $0.00 $172.76 318 S LIVERMORE AVE UNIT 1 097 -0108-017-00 CON A2 2 0.000 1,727 $0.00 $0.00 $449.15 $26.39 $475.54 $0.00 $0.00 $141.07 $0.00 $141.06 318 S LIVERMORE AVE UNIT 1 097 -0108-018-00 CON A2 2 0.000 800 $0.00 $0.00 $208.06 $12.22 $220.28 $0.00 $0.00 $65.35 $0.00 $65.34 318 S LIVERMORE AVE UNIT 1 097 -0108-019-00 CON A2 2 0.000 1,219 $0.00 $0.00 $317.03 $18.63 $335.66 $0.00 $0.00 $99.57 $0.00 $99.56 318 S LIVERMORE AVE UNIT 2 097 -0109-001-00 MFR A2 2 0.000 2,170 $0.00 $0.00 $564.36 $33.16 $597.52 $0.00 $0.00 $177.26 $0.00 $177.26 209 MCLEOD ST 097 -0109-003-00 SFR A2 2 0.000 1,342 $0.00 $0.00 $349.02 $20.50 $369.52 $0.00 $0.00 $109.62 $0.00 $109.62 253 MCLEOD ST 097 -0109-004-00 MFR A2 2 0.000 2,324 $0.00 $0.00 $604.42 $35.51 $639.93 $0.00 $0.00 $189.84 $0.00 $189.84 277 MCLEOD ST 097 -0109-005-00 COM A2 2 0.000 1,301 $0.00 $0.00 $58.87 $3.46 $62.33 $0.00 $0.00 $18.49 $0.00 $18.48 291 MCLEOD ST 097 -0109-006-00 COM A2 2 0.000 1,329 $0.00 $0.00 $60.14 $3.53 $63.67 $0.00 $0.00 $18.89 $0.00 $18.88 286 S LIVERMORE AVE 097 -0109-007-00 COM A2 2 0.000 2,250 $0.00 $0.00 $101.81 $5.98 $107.79 $0.00 $0.00 $31.98 $0.00 $31.98 254 S LIVERMORE AVE 097 -0109-008-01 COM A2 2 0.000 15,000 $0.00 $0.00 $678.75 $39.87 $718.62 $0.00 $0.00 $213.18 $0.00 $213.18 2359 2ND ST 097 -0109-010-00 MFR A2 2 0.000 2,104 $0.00 $0.00 $547.20 $32.15 $579.35 $0.00 $0.00 $171.87 $0.00 $171.86 2375 2ND ST 097 -0110-001-01 COM A1 2 56.980 3,900 $2,751.91 $1,667.54 $176.48 $10.37 $4,606.30 $2,751.91 $1,667.54 $55.43 $0.00 $4,474.88 2339 1ST ST 097 -0110-004-00 COM A1 2 0.000 4,500 $0.00 $1,924.08 $203.63 $11.96 $2,139.67 $0.00 $1,924.08 $63.96 $0.00 $1,988.04 152 S LIVERMORE AVE 097 -0110-005-03 PUB A1 2 88.000 0 $4,250.05 $0.00 $0.00 $0.00 $4,250.05 $4,250.05 $0.00 $0.00 $0.00 $4,250.04 116 S LIVERMORE AVE 097 -0110-006-01 COM A1 2 57.050 2,500 $2,755.29 $1,068.94 $113.13 $6.65 $3,944.01 $2,755.29 $1,068.94 $35.53 $0.00 $3,859.76 2293 1ST ST 097 -0110-009-03 COM A1 2 85.950 6,132 $4,151.04 $2,621.88 $277.47 $16.30 $7,066.69 $4,151.04 $2,621.88 $87.15 $0.00 $6,860.06 2327 1ST ST 097 -0110-013-00 COM A1 2 0.000 4,691 $0.00 $2,005.75 $212.27 $12.47 $2,230.49 $0.00 $2,005.75 $66.67 $0.00 $2,072.42 2324 2ND ST 097 -0110-014-00 UTI A1 2 0.000 22,680 $0.00 $9,697.38 $1,026.27 $60.28 $10,783.93 $0.00 $9,697.38 $322.34 $0.00 $10,019.72 2388 2ND ST 097 -0112-003-00 MFR A1 2 0.000 2,104 $0.00 $899.62 $547.20 $32.15 $1,478.97 $0.00 $899.62 $171.87 $0.00 $1,071.48 2452 2ND ST 097 -0112-004-00 SFR A1 2 0.000 1,288 $0.00 $550.72 $334.98 $19.68 $905.38 $0.00 $550.72 $105.21 $0.00 $655.92 2426 2ND ST 097 -0112-005-00 SFR A1 2 0.000 1,403 $0.00 $599.89 $364.89 $21.44 $986.22 $0.00 $599.89 $114.61 $0.00 $714.50 2410 2ND ST 097 -0112-006-01 COM A1 2 125.100 7,704 $6,041.83 $3,294.03 $348.61 $20.48 $9,704.95 $6,041.83 $3,294.03 $109.49 $0.00 $9,445.34 142 MCLEOD ST 097 -0112-008-01 COM A1 2 50.080 4,250 $2,418.66 $1,817.19 $192.31 $11.30 $4,439.46 $2,418.66 $1,817.19 $60.40 $0.00 $4,296.24 2389 1ST ST 097 -0112-010-01 COM A1 2 125.210 7,150 $6,047.14 $3,057.15 $323.54 $19.00 $9,446.83 $6,047.14 $3,057.15 $101.62 $0.00 $9,205.90 2491 1ST ST 097 -0113-001-00 MFR A2 2 0.000 3,904 $0.00 $0.00 $1,015.34 $59.65 $1,074.99 $0.00 $0.00 $318.90 $0.00 $318.90 211 MAPLE ST 097 -0113-006-00 MFR A2 2 0.000 2,144 $0.00 $0.00 $557.60 $32.76 $590.36 $0.00 $0.00 $175.13 $0.00 $175.12 244 MCLEOD ST 097 -0113-007-03 MFR A2 2 0.000 3,008 $0.00 $0.00 $782.31 $45.96 $828.27 $0.00 $0.00 $245.71 $0.00 $245.70 222 MCLEOD ST 097 -0113-008-01 MFR A2 2 0.000 2,040 $0.00 $0.00 $530.56 $31.17 $561.73 $0.00 $0.00 $166.64 $0.00 $166.64 2437 2ND ST

ATTACHMENT 3
411
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 097 -0113-009-00 MFR A2 2 0.000 1,475 $0.00 $0.00 $383.61 $22.54 $406.15 $0.00 $0.00 $120.49 $0.00 $120.48 2453 2ND ST 097 -0113-010-00 SFR A2 2 0.000 1,068 $0.00 $0.00 $277.76 $16.32 $294.08 $0.00 $0.00 $87.24 $0.00 $87.24 2471 2ND ST 097 -0130-002-03 OFF C2 2 0.000 2,500 $0.00 $0.00 $161.77 $9.50 $171.27 $0.00 $0.00 $50.81 $0.00 $50.80 2551 2ND ST 097 -0130-002-07 SFR C2 2 0.000 2,384 $0.00 $0.00 $620.02 $36.43 $656.45 $0.00 $0.00 $194.74 $0.00 $194.74 2558 3RD ST 097 -0130-006-01 SFR C2 2 0.000 2,022 $0.00 $0.00 $525.87 $30.89 $556.76 $0.00 $0.00 $165.17 $0.00 $165.16 240 MAPLE ST 097 -0130-006-02 MFR C2 2 0.000 4,063 $0.00 $0.00 $1,056.69 $62.08 $1,118.77 $0.00 $0.00 $331.89 $0.00 $331.88 212 MAPLE ST 097 -0131-002-02 COM C1 2 0.000 600 $0.00 $78.94 $27.15 $1.59 $107.68 $0.00 $8.18 $8.53 $0.00 $16.70 2552 2ND ST 097 -0131-003-03 COM C1 2 111.810 7,417 $645.03 $975.88 $335.62 $19.71 $1,976.24 $66.86 $101.15 $105.41 $0.00 $273.42 186 MAPLE ST 097 -0133-001-01 COM C2 2 0.000 500 $0.00 $0.00 $22.63 $1.33 $23.96 $0.00 $0.00 $7.11 $0.00 $7.10 2778 4TH ST 097 -0133-001-02 COM C2 2 0.000 900 $0.00 $0.00 $40.73 $2.39 $43.12 $0.00 $0.00 $12.79 $0.00 $12.78 2794 4TH ST 097 -0133-002-02 MFR C2 2 0.000 1,644 $0.00 $0.00 $427.56 $25.12 $452.68 $0.00 $0.00 $134.29 $0.00 $134.28 2762 4TH ST 097 -0133-002-03 SFR C2 2 0.000 1,088 $0.00 $0.00 $282.96 $16.62 $299.58 $0.00 $0.00 $88.87 $0.00 $88.86 392 CHURCH ST 097 -0133-002-04 SFR C2 2 0.000 1,448 $0.00 $0.00 $376.59 $22.12 $398.71 $0.00 $0.00 $118.28 $0.00 $118.28 374 CHURCH ST 097 -0133-002-05 SFR C2 2 0.000 1,268 $0.00 $0.00 $329.78 $19.37 $349.15 $0.00 $0.00 $103.58 $0.00 $103.58 356 CHURCH ST 097 -0133-002-06 SFR C2 2 0.000 1,478 $0.00 $0.00 $384.39 $22.58 $406.97 $0.00 $0.00 $120.73 $0.00 $120.72 340 CHURCH ST 097 -0133-002-07 SFR C2 2 0.000 1,318 $0.00 $0.00 $342.78 $20.14 $362.92 $0.00 $0.00 $107.66 $0.00 $107.66 2746 4TH ST 097 -0133-003-01 SFR C2 2 0.000 2,188 $0.00 $0.00 $569.05 $33.43 $602.48 $0.00 $0.00 $178.73 $0.00 $178.72 2659 3RD ST 097 -0133-003-03 SFR C2 2 0.000 1,038 $0.00 $0.00 $269.96 $15.86 $285.82 $0.00 $0.00 $84.79 $0.00 $84.78 2643 3RD ST 097 -0133-003-04 MFR C2 2 0.000 750 $0.00 $0.00 $195.06 $11.46 $206.52 $0.00 $0.00 $61.26 $0.00 $61.26 326 CHURCH ST 097 -0133-003-05 SFR C2 2 0.000 840 $0.00 $0.00 $218.46 $12.83 $231.29 $0.00 $0.00 $68.62 $0.00 $68.62 306 CHURCH ST 097 -0136-001-02 VCOM C1 2 99.620 0 $574.71 $0.00 $0.00 $0.00 $574.71 $59.57 $0.00 $0.00 $0.00 $59.56 2ND ST 097 -0136-002-07 COM C1 2 223.830 11,229 $1,291.28 $1,477.43 $508.11 $29.85 $3,306.67 $133.84 $153.13 $159.59 $0.00 $446.56 2256 3RD ST 097 -0136-004-06 COM C1 2 122.000 2,734 $703.82 $359.72 $123.71 $7.27 $1,194.52 $72.95 $37.28 $38.86 $0.00 $149.08 3252 4TH ST 097 -0136-004-12 COM C1 2 0.000 5,591 $0.00 $735.62 $252.99 $14.86 $1,003.47 $0.00 $76.25 $79.46 $0.00 $155.70 2954 4TH ST 097 -0136-004-23 IND C1 2 169.000 10,200 $974.96 $1,342.04 $461.55 $27.11 $2,805.66 $101.05 $139.10 $144.97 $0.00 $385.12 3170 4TH ST 097 -0152-006-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2800 FOURTH ST UNIT 101 097 -0152-007-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2800 FOURTH ST UNIT 102 097 -0152-008-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2800 FOURTH ST UNIT 103 097 -0152-009-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2800 FOURTH ST UNIT 104 097 -0152-011-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 350 WOOD ST UNIT 201 097 -0152-012-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 350 WOOD ST UNIT 202 097 -0152-013-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 350 WOOD ST UNIT 203 097 -0152-014-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 350 WOOD ST UNIT 204 097 -0152-015-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 350 WOOD ST UNIT 205 097 -0152-016-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 350 WOOD ST UNIT 206 097 -0152-018-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2812 FOURTH ST UNIT 301 097 -0152-019-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2812 FOURTH ST UNIT 302 097 -0152-020-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2812 FOURTH ST UNIT 303 097 -0152-021-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2812 FOURTH ST UNIT 304 097 -0152-023-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 266 WOOD ST UNIT 401 097 -0152-024-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 266 WOOD ST UNIT 402 097 -0152-025-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 266 WOOD ST UNIT 403 097 -0152-026-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 266 WOOD ST UNIT 404 097 -0152-027-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 266 WOOD ST UNIT 405 097 -0152-028-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 266 WOOD ST UNIT 406 097 -0152-030-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 274 WOOD ST UNIT 501 097 -0152-031-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 274 WOOD ST UNIT 502 097 -0152-032-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 274 WOOD ST UNIT 503 097 -0152-033-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 274 WOOD ST UNIT 504 097 -0152-034-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 274 WOOD ST UNIT 505 097 -0152-035-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 274 WOOD ST UNIT 506 097 -0152-037-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2878 FOURTH ST UNIT 1401 097 -0152-038-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2878 FOURTH ST UNIT 1402 097 -0152-039-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2878 FOURTH ST UNIT 1403 097 -0152-040-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2878 FOURTH ST UNIT 1404 097 -0152-043-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2933 FIRST ST UNIT 1001 097 -0152-044-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2933 FIRST ST UNIT 1002

ATTACHMENT 3
412
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 097 -0152-045-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2933 FIRST ST UNIT 1003 097 -0152-046-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2933 FIRST ST UNIT 1004 097 -0152-048-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2834 FOURTH ST UNIT 1101 097 -0152-049-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2834 FOURTH ST UNIT 1102 097 -0152-050-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2834 FOURTH ST UNIT 1103 097 -0152-051-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2834 FOURTH ST UNIT 1104 097 -0152-053-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2985 FIRST ST UNIT 1201 097 -0152-054-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 2985 FIRST ST UNIT 1202 097 -0152-055-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2985 FIRST ST UNIT 1203 097 -0152-056-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2985 FIRST ST UNIT 1204 097 -0152-057-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 2985 FIRST ST UNIT 1205 097 -0152-058-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2985 FIRST ST UNIT 1206 097 -0152-060-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2856 FOURTH ST UNIT 1301 097 -0152-061-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2856 FOURTH ST UNIT 1302 097 -0152-062-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2856 FOURTH ST UNIT 1303 097 -0152-063-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2856 FOURTH ST UNIT 1304 097 -0152-066-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 220 WOOD ST UNIT 601 097 -0152-067-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 220 WOOD ST UNIT 602 097 -0152-068-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 220 WOOD ST UNIT 603 097 -0152-069-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 220 WOOD ST UNIT 604 097 -0152-071-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 238 WOOD ST UNIT 701 097 -0152-072-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 238 WOOD ST UNIT 702 097 -0152-073-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 238 WOOD ST UNIT 703 097 -0152-074-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 238 WOOD ST UNIT 704 097 -0152-076-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2827 FIRST ST UNIT 801 097 -0152-077-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 2827 FIRST ST UNIT 802 097 -0152-078-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2827 FIRST ST UNIT 803 097 -0152-079-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2827 FIRST ST UNIT 804 097 -0152-080-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 2827 FIRST ST UNIT 805 097 -0152-081-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2827 FIRST ST UNIT 806 097 -0152-083-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2871 FIRST ST UNIT 901 097 -0152-084-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 2871 FIRST ST UNIT 902 097 -0152-085-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2871 FIRST ST UNIT 903 097 -0152-086-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2871 FIRST ST UNIT 904 097 -0152-087-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 2871 FIRST ST UNIT 905 097 -0152-088-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2871 FOURTH ST UNIT 906 097 -0152-092-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2755 1ST ST 097 -0152-093-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 2755 1ST ST 097 -0152-094-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2755 1ST ST 097 -0152-095-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2755 1ST ST 097 -0152-096-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 2755 1ST ST 097 -0152-097-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2755 1ST ST 097 -0152-099-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 212 WOOD ST 097 -0152-100-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 212 WOOD ST 097 -0152-101-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 212 WOOD ST 097 -0152-102-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 212 WOOD ST 097 -0152-103-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 212 WOOD ST 097 -0152-104-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 212 WOOD ST 097 -0152-106-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2676 3RD ST UNIT 1701 097 -0152-107-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 2676 3RD ST UNIT 1702 097 -0152-108-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2676 3RD ST UNIT 1703 097 -0152-109-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2676 3RD ST UNIT 1704 097 -0152-110-00 CON C1 2 7.435 1,117 $42.89 $146.97 $290.50 $17.07 $497.43 $4.45 $15.23 $91.24 $0.00 $110.92 2676 3RD ST UNIT 1705 097 -0152-111-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2676 3RD ST UNIT 1706 097 -0152-113-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2695 3RD ST 097 -0152-114-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2695 3RD ST 097 -0152-115-00 CON C1 2 7.435 1,420 $42.89 $186.83 $369.31 $21.70 $620.73 $4.45 $19.36 $115.99 $0.00 $139.80 2695 3RD ST

ATTACHMENT 3
413
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 097 -0152-116-00 CON C1 2 7.435 1,744 $42.89 $229.46 $453.57 $26.65 $752.57 $4.45 $23.78 $142.46 $0.00 $170.68 2695 3RD ST 098 -0249-002-00 MFR B3 1 0.000 62,236 $0.00 $0.00 $16,186.09 $1,901.75 $18,087.84 $0.00 $0.00 $5,083.80 $0.00 $5,083.80 1651 CHESTNUT ST 098 -0249-003-00 MFR B3 1 0.000 57,658 $0.00 $0.00 $14,995.46 $1,761.86 $16,757.32 $0.00 $0.00 $4,709.84 $0.00 $4,709.84 1665 CHESTNUT ST 098 -0250-001-01 SFR B3 1 0.000 832 $0.00 $0.00 $216.38 $25.42 $241.80 $0.00 $0.00 $67.96 $0.00 $67.96 1881 CHESTNUT ST 098 -0250-001-02 SFR B3 1 0.000 975 $0.00 $0.00 $253.57 $29.79 $283.36 $0.00 $0.00 $79.64 $0.00 $79.64 1867 CHESTNUT ST 098 -0250-001-03 PUB B3 1 0.000 2,400 $0.00 $0.00 $108.60 $12.76 $121.36 $0.00 $0.00 $34.11 $0.00 $34.10 241 N M ST 098 -0250-002-04 COM B3 1 0.000 1,400 $0.00 $0.00 $63.35 $7.44 $70.79 $0.00 $0.00 $19.90 $0.00 $19.90 242 N N ST 098 -0250-002-05 COM B3 1 0.000 5,600 $0.00 $0.00 $253.40 $29.78 $283.18 $0.00 $0.00 $79.59 $0.00 $79.58 1815 CHESTNUT ST 098 -0250-003-00 SFR B3 1 0.000 832 $0.00 $0.00 $216.38 $25.42 $241.80 $0.00 $0.00 $67.96 $0.00 $67.96 1839 CHESTNUT ST 098 -0250-004-00 SFR B3 1 0.000 832 $0.00 $0.00 $216.38 $25.42 $241.80 $0.00 $0.00 $67.96 $0.00 $67.96 1853 CHESTNUT ST 098 -0251-004-01 SFR B3 1 0.000 794 $0.00 $0.00 $206.50 $24.26 $230.76 $0.00 $0.00 $64.86 $0.00 $64.86 258 N M ST 098 -0251-005-00 MFR B3 1 0.000 1,400 $0.00 $0.00 $364.11 $42.78 $406.89 $0.00 $0.00 $114.36 $0.00 $114.36 276 N M ST 098 -0251-006-00 SFR B3 1 0.000 988 $0.00 $0.00 $256.96 $30.19 $287.15 $0.00 $0.00 $80.71 $0.00 $80.70 1917 CHESTNUT ST 098 -0251-007-01 MFR B3 1 0.000 1,484 $0.00 $0.00 $385.95 $45.35 $431.30 $0.00 $0.00 $121.22 $0.00 $121.22 1949 CHESTNUT ST 098 -0251-008-00 MFR B3 1 0.000 2,874 $0.00 $0.00 $747.46 $87.82 $835.28 $0.00 $0.00 $234.76 $0.00 $234.76 1963 CHESTNUT ST 098 -0251-010-00 SFR B3 1 0.000 1,363 $0.00 $0.00 $354.48 $41.65 $396.13 $0.00 $0.00 $111.34 $0.00 $111.34 277 N L ST 098 -0251-011-00 SFR B3 1 0.000 1,519 $0.00 $0.00 $395.06 $46.42 $441.48 $0.00 $0.00 $124.08 $0.00 $124.08 1989 CHESTNUT ST 098 -0251-012-00 SFR B3 1 0.000 1,704 $0.00 $0.00 $443.17 $52.07 $495.24 $0.00 $0.00 $139.19 $0.00 $139.18 1985 CHESTNUT ST 098 -0251-013-00 SFR B3 1 0.000 1,510 $0.00 $0.00 $392.71 $46.14 $438.85 $0.00 $0.00 $123.35 $0.00 $123.34 277 N L ST 098 -0251-014-00 SFR B3 1 0.000 1,510 $0.00 $0.00 $392.71 $46.14 $438.85 $0.00 $0.00 $123.35 $0.00 $123.34 269 N L ST 098 -0251-015-00 SFR B3 1 0.000 1,704 $0.00 $0.00 $443.17 $52.07 $495.24 $0.00 $0.00 $139.19 $0.00 $139.18 267 N L ST 098 -0251-016-00 SFR B3 1 0.000 1,519 $0.00 $0.00 $395.06 $46.42 $441.48 $0.00 $0.00 $124.08 $0.00 $124.08 265 N L ST 098 -0251-017-00 SFR B3 1 0.000 1,521 $0.00 $0.00 $395.58 $46.48 $442.06 $0.00 $0.00 $124.24 $0.00 $124.24 261 N L ST 098 -0252-002-02 MFR A3 1 0.000 1,892 $0.00 $0.00 $492.06 $57.81 $549.87 $0.00 $0.00 $154.55 $0.00 $154.54 279 N K ST 098 -0252-002-03 SFR A3 1 0.000 756 $0.00 $0.00 $196.62 $23.10 $219.72 $0.00 $0.00 $61.75 $0.00 $61.74 263 N K ST 098 -0252-003-02 MFR A3 1 0.000 2,906 $0.00 $0.00 $755.78 $88.80 $844.58 $0.00 $0.00 $237.38 $0.00 $237.38 241 N K ST 098 -0252-004-01 COM A3 1 0.000 3,400 $0.00 $0.00 $153.85 $18.08 $171.93 $0.00 $0.00 $48.32 $0.00 $48.32 242 N L ST 098 -0252-005-01 COM A3 1 0.000 3,168 $0.00 $0.00 $143.35 $16.84 $160.19 $0.00 $0.00 $45.02 $0.00 $45.02 260 N L ST 098 -0252-007-02 COM A3 1 0.000 2,688 $0.00 $0.00 $121.63 $14.29 $135.92 $0.00 $0.00 $38.20 $0.00 $38.20 220 N L ST 098 -0252-008-00 MFR A3 1 0.000 3,720 $0.00 $0.00 $967.48 $113.67 $1,081.15 $0.00 $0.00 $303.87 $0.00 $303.86 231 N K ST 098 -0252-010-00 MFR A3 1 0.000 24,188 $0.00 $0.00 $6,290.72 $739.11 $7,029.83 $0.00 $0.00 $1,975.82 $0.00 $1,975.82 2083 CHESTNUT ST 098 -0253-001-02 MFR A3 1 0.000 1,698 $0.00 $0.00 $441.61 $51.89 $493.50 $0.00 $0.00 $138.70 $0.00 $138.70 269 N LIVERMORE AVE 098 -0253-001-03 MFR A3 1 0.000 2,804 $0.00 $0.00 $729.25 $85.68 $814.93 $0.00 $0.00 $229.05 $0.00 $229.04 2155 CHESTNUT ST 098 -0253-002-01 MFR A3 1 0.000 1,698 $0.00 $0.00 $441.61 $51.89 $493.50 $0.00 $0.00 $138.70 $0.00 $138.70 245 N LIVERMORE AVE 098 -0253-003-01 MFR A3 1 0.000 5,616 $0.00 $0.00 $1,460.59 $171.61 $1,632.20 $0.00 $0.00 $458.75 $0.00 $458.74 207 N LIVERMORE AVE 098 -0253-005-00 SFR A3 1 0.000 714 $0.00 $0.00 $185.69 $21.82 $207.51 $0.00 $0.00 $58.32 $0.00 $58.32 2152 OAK ST 098 -0253-006-00 SFR A3 1 0.000 1,220 $0.00 $0.00 $317.29 $37.28 $354.57 $0.00 $0.00 $99.66 $0.00 $99.66 210 N K ST 098 -0253-007-01 SFR A3 1 0.000 1,458 $0.00 $0.00 $379.19 $44.55 $423.74 $0.00 $0.00 $119.10 $0.00 $119.10 228 N K ST 098 -0253-007-03 MFR A3 1 0.000 1,698 $0.00 $0.00 $441.61 $51.89 $493.50 $0.00 $0.00 $138.70 $0.00 $138.70 240 N K ST 098 -0253-007-04 MFR A3 1 0.000 1,698 $0.00 $0.00 $441.61 $51.89 $493.50 $0.00 $0.00 $138.70 $0.00 $138.70 264 N K ST 098 -0253-008-01 MFR A3 1 0.000 1,825 $0.00 $0.00 $474.64 $55.77 $530.41 $0.00 $0.00 $149.08 $0.00 $149.08 278 N K ST 098 -0253-009-00 MFR A3 1 0.000 2,070 $0.00 $0.00 $538.36 $63.25 $601.61 $0.00 $0.00 $169.09 $0.00 $169.08 2177 CHESTNUT ST 098 -0253-010-00 MFR A3 1 0.000 2,070 $0.00 $0.00 $538.36 $63.25 $601.61 $0.00 $0.00 $169.09 $0.00 $169.08 2183 CHESTNUT ST 098 -0253-011-00 MFR A3 1 0.000 2,208 $0.00 $0.00 $574.25 $67.47 $641.72 $0.00 $0.00 $180.36 $0.00 $180.36 2121 CHESTNUT ST 098 -0253-012-00 MFR A3 1 0.000 1,680 $0.00 $0.00 $436.93 $51.34 $488.27 $0.00 $0.00 $137.23 $0.00 $137.22 2147 CHESTNUT ST 098 -0260-006-04 COM C2 1 0.000 960 $0.00 $0.00 $43.44 $5.10 $48.54 $0.00 $0.00 $13.64 $0.00 $13.64 2680 OLD 1ST ST 098 -0260-008-04 COM C2 1 0.000 1,440 $0.00 $0.00 $65.16 $7.66 $72.82 $0.00 $0.00 $20.47 $0.00 $20.46 2620 OLD 1ST ST 098 -0260-009-06 COM C1 1 0.000 2,967 $0.00 $390.38 $134.26 $15.78 $540.42 $0.00 $40.46 $42.17 $0.00 $82.62 2582 OLD 1ST ST 098 -0260-009-08 COM C2 1 0.000 5,466 $0.00 $0.00 $247.34 $29.06 $276.40 $0.00 $0.00 $77.68 $0.00 $77.68 2602 OLD 1ST ST 098 -0260-010-02 COM C1 1 0.000 2,720 $0.00 $357.88 $123.08 $14.46 $495.42 $0.00 $37.09 $38.66 $0.00 $75.74 2574 OLD 1ST ST 098 -0260-014-01 COM C1 1 0.000 2,577 $0.00 $339.06 $116.61 $13.70 $469.37 $0.00 $35.14 $36.63 $0.00 $71.76 2560 OLD 1ST ST 098 -0260-015-01 COM C1 1 0.000 7,655 $0.00 $1,007.19 $346.39 $40.70 $1,394.28 $0.00 $104.39 $108.80 $0.00 $213.18 2558 OLD 1ST ST 098 -0260-016-01 COM C2 1 0.000 3,120 $0.00 $0.00 $141.18 $16.59 $157.77 $0.00 $0.00 $44.34 $0.00 $44.34 2456 RAILROAD AVE 098 -0260-016-02 COM C2 1 0.000 2,699 $0.00 $0.00 $122.13 $14.35 $136.48 $0.00 $0.00 $38.36 $0.00 $38.36 2494 RAILROAD AVE 098 -0264-001-01 COM C2 1 0.000 1,388 $0.00 $0.00 $62.81 $7.38 $70.19 $0.00 $0.00 $19.73 $0.00 $19.72 2730 1ST ST 098 -0275-002-06 COM C1 1 60.000 1,984 $346.14 $261.04 $89.78 $10.55 $707.51 $35.88 $27.06 $28.20 $0.00 $91.14 2589 OLD 1ST ST 098 -0275-002-08 COM C1 1 50.000 1,944 $288.45 $255.78 $87.97 $10.34 $642.54 $29.90 $26.51 $27.63 $0.00 $84.04 2589 OLD 1ST ST

ATTACHMENT 3
414
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 098 -0275-003-00 COM C1 1 82.860 720 $478.02 $94.73 $32.58 $3.83 $609.16 $49.55 $9.82 $10.23 $0.00 $69.60 2605 OLD 1ST ST 098 -0275-004-00 VCOM C1 1 100.000 0 $576.90 $0.00 $0.00 $0.00 $576.90 $59.79 $0.00 $0.00 $0.00 $59.78 2617 OLD 1ST ST 098 -0275-005-00 COM C1 1 60.000 2,100 $346.14 $276.30 $95.03 $11.17 $728.64 $35.88 $28.64 $29.85 $0.00 $94.36 2617 OLD 1ST ST 098 -0275-007-03 COM C1 1 65.740 2,000 $379.25 $263.15 $90.50 $10.63 $743.53 $39.31 $27.27 $28.42 $0.00 $95.00 2677 OLD 1ST ST 098 -0275-008-04 COM C1 1 84.630 10,214 $488.23 $1,343.89 $462.18 $54.31 $2,348.61 $50.60 $139.29 $145.16 $0.00 $335.04 2752 1ST ST 098 -0275-011-00 COM C1 1 0.000 2,481 $0.00 $326.43 $112.27 $13.19 $451.89 $0.00 $33.83 $35.26 $0.00 $69.08 2787 OLD 1ST ST 098 -0275-012-00 COM C1 1 0.000 5,262 $0.00 $692.34 $238.11 $27.98 $958.43 $0.00 $71.76 $74.79 $0.00 $146.54 2821 OLD 1ST ST 098 -0275-017-00 COM C1 1 93.960 3,200 $542.06 $421.03 $144.80 $17.01 $1,124.90 $56.18 $43.64 $45.48 $0.00 $145.30 2653 OLD 1ST ST 098 -0281-002-00 COM A2 1 0.000 2,000 $0.00 $0.00 $90.50 $10.63 $101.13 $0.00 $0.00 $28.42 $0.00 $28.42 183 N LIVERMORE AVE 098 -0281-004-01 COM A2 1 0.000 2,176 $0.00 $0.00 $98.46 $11.57 $110.03 $0.00 $0.00 $30.93 $0.00 $30.92 145 N LIVERMORE AVE 098 -0281-004-03 COM A2 1 0.000 2,816 $0.00 $0.00 $127.42 $14.97 $142.39 $0.00 $0.00 $40.02 $0.00 $40.02 145 N LIVERMORE AVE 098 -0281-005-00 COM A2 1 0.000 3,200 $0.00 $0.00 $144.80 $17.01 $161.81 $0.00 $0.00 $45.48 $0.00 $45.48 101 N LIVERMORE AVE 098 -0281-006-00 COM A2 1 0.000 1,560 $0.00 $0.00 $70.59 $8.29 $78.88 $0.00 $0.00 $22.17 $0.00 $22.16 2160 RAILROAD AVE 098 -0281-007-00 COM A2 1 0.000 3,046 $0.00 $0.00 $137.83 $16.20 $154.03 $0.00 $0.00 $43.29 $0.00 $43.28 2136 RAILROAD AVE 098 -0281-008-00 COM A2 1 0.000 5,010 $0.00 $0.00 $226.70 $26.64 $253.34 $0.00 $0.00 $71.20 $0.00 $71.20 2120 RAILROAD AVE 098 -0282-002-01 COM A2 1 0.000 5,175 $0.00 $0.00 $234.17 $27.52 $261.69 $0.00 $0.00 $73.55 $0.00 $73.54 116 N L ST 098 -0282-004-05 COM A2 1 0.000 9,116 $0.00 $0.00 $412.50 $48.47 $460.97 $0.00 $0.00 $129.56 $0.00 $129.56 150 N L ST 098 -0282-007-00 COM A2 1 0.000 2,000 $0.00 $0.00 $90.50 $10.63 $101.13 $0.00 $0.00 $28.42 $0.00 $28.42 170 N L ST 098 -0282-008-00 COM A2 1 0.000 4,760 $0.00 $0.00 $215.39 $25.31 $240.70 $0.00 $0.00 $67.65 $0.00 $67.64 181 N K ST 098 -0289-001-00 COM A1 2 0.000 3,924 $0.00 $1,677.80 $177.56 $10.43 $1,865.79 $0.00 $1,677.80 $55.77 $0.00 $1,733.56 21 S LIVERMORE AVE 098 -0289-028-00 COM A1 2 20.000 1,664 $965.92 $711.48 $75.30 $4.42 $1,757.12 $965.92 $711.48 $23.65 $0.00 $1,701.04 2038 1ST ST 098 -0290-001-11 COM B2 1 0.000 37,912 $0.00 $0.00 $1,715.52 $201.58 $1,917.10 $0.00 $0.00 $538.82 $0.00 $538.82 1620 RAILROAD AVE 098 -0290-001-16 COM B2 1 0.000 21,200 $0.00 $0.00 $959.30 $112.72 $1,072.02 $0.00 $0.00 $301.30 $0.00 $301.30 1784 RAILROAD AVE 098 -0290-002-07 COM B2 1 0.000 20,100 $0.00 $0.00 $909.53 $106.87 $1,016.40 $0.00 $0.00 $285.67 $0.00 $285.66 1456 RAILROAD AVE 098 -0290-002-11 COM B2 1 0.000 7,043 $0.00 $0.00 $318.70 $37.45 $356.15 $0.00 $0.00 $100.10 $0.00 $100.10 1344 RAILROAD AVE 098 -0290-002-15 COM B2 1 0.000 66,816 $0.00 $0.00 $3,023.42 $355.26 $3,378.68 $0.00 $0.00 $949.61 $0.00 $949.60 1490 RAILROAD AVE 098 -0290-021-00 COM B2 1 0.000 2,880 $0.00 $0.00 $130.32 $15.31 $145.63 $0.00 $0.00 $40.93 $0.00 $40.92 1114 E STANLEY BLVD 098 -0290-022-00 COM B2 1 0.000 4,980 $0.00 $0.00 $225.35 $26.48 $251.83 $0.00 $0.00 $70.78 $0.00 $70.78 1116 E STANLEY BLVD 098 -0290-024-03 COM B2 1 0.000 104,000 $0.00 $0.00 $4,706.00 $552.97 $5,258.97 $0.00 $0.00 $1,478.08 $0.00 $1,478.08 1088 E STANLEY BLVD 098 -0403-003-00 COM B1 2 0.000 5,800 $0.00 $744.59 $262.45 $15.42 $1,022.46 $0.00 $84.59 $82.43 $0.00 $167.02 34 S P ST 098 -0403-006-01 COM B1 2 0.000 3,350 $0.00 $430.06 $151.59 $8.90 $590.55 $0.00 $48.86 $47.61 $0.00 $96.46 41 S O ST 098 -0403-006-02 COM B1 2 0.000 3,255 $0.00 $417.87 $147.29 $8.65 $573.81 $0.00 $47.47 $46.26 $0.00 $93.72 41 S O ST 098 -0403-012-00 COM B1 2 140.020 4,200 $812.96 $539.18 $190.05 $11.16 $1,553.35 $92.36 $61.25 $59.69 $0.00 $213.30 76 S ST 098 -0403-019-00 COM B1 2 770.050 144,058 $4,470.91 $18,493.73 $6,518.62 $382.91 $29,866.17 $507.92 $2,100.98 $2,047.40 $0.00 $4,656.30 1410 1S T ST 098 -0403-020-00 COM B1 2 151.350 9,205 $878.74 $1,181.71 $416.53 $24.47 $2,501.45 $99.83 $134.25 $130.82 $0.00 $364.90 1334 1ST ST 098 -0403-021-00 COM B1 2 236.950 15,580 $1,375.73 $2,000.11 $705.00 $41.41 $4,122.25 $156.29 $227.22 $221.43 $0.00 $604.94 1620 1ST ST 098 -0403-022-00 COM B1 2 63.050 1,250 $366.07 $160.47 $56.56 $3.32 $586.42 $41.59 $18.23 $17.77 $0.00 $77.58 1620 1ST ST 098 -0405-001-00 COM B1 2 0.000 12,640 $0.00 $1,622.69 $571.96 $33.60 $2,228.25 $0.00 $184.34 $179.64 $0.00 $363.98 1601 RAILROAD AVE 098 -0405-002-00 COM B1 2 0.000 7,500 $0.00 $962.83 $339.38 $19.94 $1,322.15 $0.00 $109.38 $106.59 $0.00 $215.96 28 S P ST 098 -0405-003-00 MFR B1 2 0.000 178,938 $0.00 $22,971.52 $46,537.48 $2,733.99 $72,242.99 $0.00 $2,609.67 $14,616.69 $0.00 $17,226.36 1809 RAILR OAD AVE 098 -0407-001-00 COM C1 1 128.690 6,521 $742.41 $857.99 $295.08 $34.67 $1,930.15 $76.95 $88.93 $92.68 $0.00 $258.56 RAILROAD AVE 098 -0407-011-00 OFF A1 2 47.620 2,648 $2,299.86 $1,132.22 $171.35 $10.07 $3,613.50 $2,299.86 $1,132.22 $53.82 $0.00 $3,485.90 2250 1ST ST 098 -0407-012-00 COM A1 2 0.000 4,980 $0.00 $2,129.32 $225.35 $13.24 $2,367.91 $0.00 $2,129.32 $70.78 $0.00 $2,200.10 56 S LIVERMORE AVE 098 -0407-023-00 COM A1 2 99.660 34,567 $4,813.18 $14,779.95 $1,564.16 $91.88 $21,249.17 $4,813.18 $14,779.95 $491.28 $0.00 $20,084.40 2490 FIR ST ST 098 -0407-024-00 COM A1 2 167.200 24,409 $8,075.09 $10,436.65 $1,104.51 $64.88 $19,681.13 $8,075.09 $10,436.65 $346.91 $0.00 $18,858.64 2470 1S T ST 098 -0407-025-00 COM A1 2 0.000 5,775 $0.00 $2,469.24 $261.32 $15.35 $2,745.91 $0.00 $2,469.24 $82.08 $0.00 $2,551.32 2375 RAILROAD AVE 098 -0407-027-00 COM A1 2 224.280 45,640 $10,831.83 $19,514.48 $2,065.21 $121.31 $32,532.83 $10,831.83 $19,514.48 $648.65 $0.00 $30,994.96 2300 1ST ST 098 -0407-028-01 PUB A1 2 0.000 33,845 $0.00 $14,471.24 $1,531.49 $89.96 $16,092.69 $0.00 $14,471.24 $481.02 $0.00 $14,952.26 2400 1ST ST 098 -0408-001-00 COM B2 1 0.000 1,200 $0.00 $0.00 $54.30 $6.38 $60.68 $0.00 $0.00 $17.05 $0.00 $17.04 187 N L ST 098 -0408-002-00 COM B2 1 0.000 1,400 $0.00 $0.00 $63.35 $7.44 $70.79 $0.00 $0.00 $19.90 $0.00 $19.90 1984 RAILROAD AVE 098 -0408-021-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1926 RAILROAD AVE UNIT 100 098 -0408-022-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1926 RAILROAD AVE UNIT 102 098 -0408-023-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 1926 RAILROAD AVE UNIT 104 098 -0408-024-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 1926 RAILROAD AVE UNIT 106 098 -0408-025-00 CON B2 1 0.000 1,163 $0.00 $0.00 $302.47 $35.54 $338.01 $0.00 $0.00 $95.00 $0.00 $95.00 1926 RAILROAD AVE UNIT 108 098 -0408-026-00 CON B2 1 0.000 1,399 $0.00 $0.00 $363.85 $42.75 $406.60 $0.00 $0.00 $114.28 $0.00 $114.28 1926 RAILROAD AVE UNIT 110 098 -0408-027-00 CON B2 1 0.000 1,399 $0.00 $0.00 $363.85 $42.75 $406.60 $0.00 $0.00 $114.28 $0.00 $114.28 1926 RAILROAD AVE UNIT 112

ATTACHMENT 3
415
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 098 -0408-028-00 CON B2 1 0.000 1,163 $0.00 $0.00 $302.47 $35.54 $338.01 $0.00 $0.00 $95.00 $0.00 $95.00 1926 RAILROAD AVE UNIT 114 098 -0408-029-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 1926 RAILROAD AVE UNIT 116 098 -0408-030-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 1926 RAILROAD AVE UNIT 118 098 -0408-031-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1926 RAILROAD AVE UNIT 120 098 -0408-032-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1926 RAILROAD AVE UNIT 122 098 -0408-034-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1948 RAILROAD AVE UNIT 100 098 -0408-035-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1948 RAILROAD AVE UNIT 102 098 -0408-036-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 1948 RAILROAD AVE UNIT 104 098 -0408-037-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 1948 RAILROAD AVE UNIT 106 098 -0408-038-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1948 RAILROAD AVE UNIT 108 098 -0408-039-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1948 RAILROAD AVE UNIT 110 098 -0408-041-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 161 N L ST UNIT 101 098 -0408-042-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 161 N L ST UNIT 103 098 -0408-043-00 CON B2 1 0.000 1,166 $0.00 $0.00 $303.25 $35.63 $338.88 $0.00 $0.00 $95.25 $0.00 $95.24 161 N L ST UNIT 105 098 -0408-044-00 CON B2 1 0.000 1,402 $0.00 $0.00 $364.63 $42.84 $407.47 $0.00 $0.00 $114.52 $0.00 $114.52 161 N L ST UNIT 107 098 -0408-045-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 161 N L ST UNIT 109 098 -0408-046-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 161 N L ST UNIT 111 098 -0408-047-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 161 N L ST UNIT 113 098 -0408-048-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 161 N L ST UNIT 115 098 -0408-050-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1976 LOCOMOTIVE LN UNIT 1 0 098 -0408-051-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1976 LOCOMOTIVE LN UNIT 1 0 098 -0408-052-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 1976 LOCOMOTIVE LN UNIT 1 0 098 -0408-053-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 1976 LOCOMOTIVE LN UNIT 1 0 098 -0408-054-00 CON B2 1 0.000 1,976 $0.00 $0.00 $513.91 $60.38 $574.29 $0.00 $0.00 $161.41 $0.00 $161.40 1976 LOCOMOTIVE LN UNIT 1 0 098 -0408-055-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1976 LOCOMOTIVE LN UNIT 11 098 -0408-056-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1976 LOCOMOTIVE LN UNIT 11 098 -0408-058-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1930 DEPOT DR UNIT 114 098 -0408-059-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1930 DEPOT DR UNIT 112 098 -0408-060-00 CON B2 1 0.000 1,976 $0.00 $0.00 $513.91 $60.38 $574.29 $0.00 $0.00 $161.41 $0.00 $161.40 1930 DEPOT DR UNIT 110 098 -0408-061-00 CON B2 1 0.000 2,001 $0.00 $0.00 $520.41 $61.14 $581.55 $0.00 $0.00 $163.45 $0.00 $163.44 1930 DEPOT DR UNIT 108 098 -0408-062-00 CON B2 1 0.000 2,001 $0.00 $0.00 $520.41 $61.14 $581.55 $0.00 $0.00 $163.45 $0.00 $163.44 1930 DEPOT DR UNIT 106 098 -0408-063-00 CON B2 1 0.000 1,976 $0.00 $0.00 $513.91 $60.38 $574.29 $0.00 $0.00 $161.41 $0.00 $161.40 1930 DEPOT DR UNIT 104 098 -0408-064-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1930 DEPOT DR UNIT 102 098 -0408-065-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1930 DEPOT DR UNIT 100 098 -0408-067-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1921 DEPOT DR UNIT 101 098 -0408-068-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1921 DEPOT DR UNIT 103 098 -0408-069-00 CON B2 1 0.000 1,976 $0.00 $0.00 $513.91 $60.38 $574.29 $0.00 $0.00 $161.41 $0.00 $161.40 1921 DEPOT DR UNIT 105 098 -0408-070-00 CON B2 1 0.000 2,001 $0.00 $0.00 $520.41 $61.14 $581.55 $0.00 $0.00 $163.45 $0.00 $163.44 1921 DEPOT DR UNIT 107 098 -0408-071-00 CON B2 1 0.000 2,001 $0.00 $0.00 $520.41 $61.14 $581.55 $0.00 $0.00 $163.45 $0.00 $163.44 1921 DEPOT DR UNIT 109 098 -0408-072-00 CON B2 1 0.000 1,976 $0.00 $0.00 $513.91 $60.38 $574.29 $0.00 $0.00 $161.41 $0.00 $161.40 1921 DEPOT DR UNIT 111 098 -0408-073-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1921 DEPOT DR UNIT 113 098 -0408-074-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1921 DEPOT DR UNIT 115 098 -0408-076-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 153 GILLETTE PL UNIT 114 098 -0408-077-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 153 GILLETTE PL UNIT 112 098 -0408-078-00 CON B2 1 0.000 1,976 $0.00 $0.00 $513.91 $60.38 $574.29 $0.00 $0.00 $161.41 $0.00 $161.40 153 GILLETTE PL UNIT 110 098 -0408-079-00 CON B2 1 0.000 2,001 $0.00 $0.00 $520.41 $61.14 $581.55 $0.00 $0.00 $163.45 $0.00 $163.44 153 GILLETTE PL UNIT 108 098 -0408-080-00 CON B2 1 0.000 2,001 $0.00 $0.00 $520.41 $61.14 $581.55 $0.00 $0.00 $163.45 $0.00 $163.44 153 GILLETTE PL UNIT 106 098 -0408-081-00 CON B2 1 0.000 1,976 $0.00 $0.00 $513.91 $60.38 $574.29 $0.00 $0.00 $161.41 $0.00 $161.40 153 GILLETTE PL UNIT 104 098 -0408-082-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 153 GILLETTE PL UNIT 102 098 -0408-083-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 153 GILLETTE PL UNIT 100 098 -0408-121-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1832 RAILROAD AVE UNIT 100 098 -0408-122-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1832 RAILROAD AVE UNIT 102 098 -0408-123-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 1832 RAILROAD AVE UNIT 104 098 -0408-124-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 1832 RAILROAD AVE UNIT 106 098 -0408-125-00 CON B2 1 0.000 1,402 $0.00 $0.00 $364.63 $42.84 $407.47 $0.00 $0.00 $114.52 $0.00 $114.52 1832 RAILROAD AVE UNIT 108 098 -0408-126-00 CON B2 1 0.000 1,166 $0.00 $0.00 $303.25 $35.63 $338.88 $0.00 $0.00 $95.25 $0.00 $95.24 1832 RAILROAD AVE UNIT 110 098 -0408-127-00 CON B2 1 0.000 1,402 $0.00 $0.00 $364.63 $42.84 $407.47 $0.00 $0.00 $114.52 $0.00 $114.52 1832 RAILROAD AVE UNIT 112

ATTACHMENT 3
416
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 098 -0408-128-00 CON B2 1 0.000 1,166 $0.00 $0.00 $303.25 $35.63 $338.88 $0.00 $0.00 $95.25 $0.00 $95.24 1832 RAILROAD AVE UNIT 114 098 -0408-129-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1832 RAILROAD AVE UNIT 116 098 -0408-130-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1832 RAILROAD AVE UNIT 118 098 -0408-132-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1874 RAILROAD AVE UNIT 100 098 -0408-133-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1874 RAILROAD AVE UNIT 102 098 -0408-134-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 1874 RAILROAD AVE UNIT 104 098 -0408-135-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 1874 RAILROAD AVE UNIT 106 098 -0408-136-00 CON B2 1 0.000 1,976 $0.00 $0.00 $513.91 $60.38 $574.29 $0.00 $0.00 $161.41 $0.00 $161.40 1874 RAILROAD AVE UNIT 108 098 -0408-137-00 CON B2 1 0.000 1,399 $0.00 $0.00 $363.85 $42.75 $406.60 $0.00 $0.00 $114.28 $0.00 $114.28 1874 RAILROAD AVE UNIT 110 098 -0408-138-00 CON B2 1 0.000 1,163 $0.00 $0.00 $302.47 $35.54 $338.01 $0.00 $0.00 $95.00 $0.00 $95.00 1874 RAILROAD AVE UNIT 112 098 -0408-139-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 1874 RAILROAD AVE UNIT 114 098 -0408-140-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 1874 RAILROAD AVE UNIT 116 098 -0408-141-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 1874 RAILROAD AVE UNIT 118 098 -0408-142-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 1874 RAILROAD AVE UNIT 120 098 -0408-148-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 170 N N ST UNIT 118 098 -0408-149-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 170 N N ST UNIT 116 098 -0408-150-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 170 N N ST UNIT 114 098 -0408-151-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 170 N N ST UNIT 112 098 -0408-152-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 170 N N ST UNIT 110 098 -0408-153-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 170 N N ST UNIT 108 098 -0408-154-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 170 N N ST UNIT 106 098 -0408-155-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 170 N N ST UNIT 104 098 -0408-156-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 170 N N ST UNIT 102 098 -0408-157-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 170 N N ST UNIT 100 098 -0408-159-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 162 ZEPHYR PL UNIT 100 098 -0408-160-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 162 ZEPHYR PL UNIT 102 098 -0408-161-00 CON B2 1 0.000 1,734 $0.00 $0.00 $450.97 $52.99 $503.96 $0.00 $0.00 $141.64 $0.00 $141.64 162 ZEPHYR PL UNIT 104 098 -0408-162-00 CON B2 1 0.000 1,734 $0.00 $0.00 $450.97 $52.99 $503.96 $0.00 $0.00 $141.64 $0.00 $141.64 162 ZEPHYR PL UNIT 106 098 -0408-163-00 CON B2 1 0.000 1,734 $0.00 $0.00 $450.97 $52.99 $503.96 $0.00 $0.00 $141.64 $0.00 $141.64 162 ZEPHYR PL UNIT 108 098 -0408-164-00 CON B2 1 0.000 1,734 $0.00 $0.00 $450.97 $52.99 $503.96 $0.00 $0.00 $141.64 $0.00 $141.64 162 ZEPHYR PL UNIT 110 098 -0408-165-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 162 ZEPHYR PL UNIT 112 098 -0408-166-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 162 ZEPHYR PL UNIT 114 098 -0408-168-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 157 ZEPHYR PL UNIT 115 098 -0408-169-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 157 ZEPHYR PL UNIT 113 098 -0408-170-00 CON B2 1 0.000 1,734 $0.00 $0.00 $450.97 $52.99 $503.96 $0.00 $0.00 $141.64 $0.00 $141.64 157 ZEPHYR PL UNIT 111 098 -0408-171-00 CON B2 1 0.000 1,734 $0.00 $0.00 $450.97 $52.99 $503.96 $0.00 $0.00 $141.64 $0.00 $141.64 157 ZEPHYR PL UNIT 109 098 -0408-172-00 CON B2 1 0.000 1,734 $0.00 $0.00 $450.97 $52.99 $503.96 $0.00 $0.00 $141.64 $0.00 $141.64 157 ZEPHYR PL UNIT 107 098 -0408-173-00 CON B2 1 0.000 1,734 $0.00 $0.00 $450.97 $52.99 $503.96 $0.00 $0.00 $141.64 $0.00 $141.64 157 ZEPHYR PL UNIT 105 098 -0408-174-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 157 ZEPHYR PL UNIT 103 098 -0408-175-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 157 ZEPHYR PL UNIT 101 098 -0408-177-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 168 GILLETTE PL UNIT 100 098 -0408-178-00 CON B2 1 0.000 1,880 $0.00 $0.00 $488.94 $57.45 $546.39 $0.00 $0.00 $153.57 $0.00 $153.56 168 GILLETTE PL UNIT 102 098 -0408-179-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 168 GILLETTE PL UNIT 104 098 -0408-180-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 168 GILLETTE PL UNIT 106 098 -0408-181-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 168 GILLETTE PL UNIT 108 098 -0408-182-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 168 GILLETTE PL UNIT 110 098 -0408-183-00 CON B2 1 0.000 1,381 $0.00 $0.00 $359.16 $42.20 $401.36 $0.00 $0.00 $112.81 $0.00 $112.80 168 GILLETTE PL UNIT 112 098 -0408-184-00 CON B2 1 0.000 1,145 $0.00 $0.00 $297.79 $34.99 $332.78 $0.00 $0.00 $93.53 $0.00 $93.52 168 GILLETTE PL UNIT 114 098 -0408-185-00 CON B2 1 0.000 1,780 $0.00 $0.00 $462.94 $54.39 $517.33 $0.00 $0.00 $145.40 $0.00 $145.40 168 GILLETTE PL UNIT 116 098 -0408-186-00 CON B2 1 0.000 1,287 $0.00 $0.00 $334.72 $39.33 $374.05 $0.00 $0.00 $105.13 $0.00 $105.12 168 GILLETTE PL UNIT 118 098 -0409-001-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2704 HOLLINGBURY CMN 098 -0409-002-00 SFR C1 1 8.084 1,948 $46.64 $256.30 $506.63 $59.53 $869.10 $4.83 $26.57 $159.12 $0.00 $190.52 2712 HOLLINGBURY CMN 098 -0409-003-00 SFR C1 1 8.084 1,786 $46.64 $234.99 $464.50 $54.57 $800.70 $4.83 $24.36 $145.89 $0.00 $175.08 2718 HOLLINGBURY CMN 098 -0409-004-00 SFR C1 1 8.084 1,915 $46.64 $251.96 $498.05 $58.52 $855.17 $4.83 $26.12 $156.43 $0.00 $187.38 2707 HOLLINGBURY CMN 098 -0409-005-00 SFR C1 1 8.084 1,843 $46.64 $242.49 $479.32 $56.32 $824.77 $4.83 $25.13 $150.55 $0.00 $180.50 2713 HOLLINGBURY CMN 098 -0409-006-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2719 HOLLINGBURY CMN 098 -0409-007-00 SFR C1 1 8.084 1,843 $46.64 $242.49 $479.32 $56.32 $824.77 $4.83 $25.13 $150.55 $0.00 $180.50 2776 PATCHAM CMN

ATTACHMENT 3
417
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 098 -0409-008-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2784 PATCHAM CMN 098 -0409-009-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2792 PATCHAM CMN 098 -0409-010-00 SFR C1 1 8.084 1,786 $46.64 $234.99 $464.50 $54.57 $800.70 $4.83 $24.36 $145.89 $0.00 $175.08 2701 PATCHAM CMN 098 -0409-011-00 SFR C1 1 8.084 1,948 $46.64 $256.30 $506.63 $59.53 $869.10 $4.83 $26.57 $159.12 $0.00 $190.52 2709 PATCHAM CMN 098 -0409-012-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2717 PATCHAM CMN 098 -0409-013-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2725 PATCHAM CMN 098 -0409-014-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2733 PATCHAM CMN 098 -0409-015-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2741 PATCHAM CMN 098 -0409-016-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2749 PATCHAM CMN 098 -0409-017-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2757 PATCHAM CMN 098 -0409-018-00 SFR C1 1 8.084 1,915 $46.64 $251.96 $498.05 $58.52 $855.17 $4.83 $26.12 $156.43 $0.00 $187.38 2765 PATCHAM CMN 098 -0409-019-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2773 PATCHAM CMN 098 -0409-020-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2781 PATCHAM CMN 098 -0409-021-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2789 PATCHAM CMN 098 -0409-022-00 SFR C1 1 8.084 1,915 $46.64 $251.96 $498.05 $58.52 $855.17 $4.83 $26.12 $156.43 $0.00 $187.38 2797 PATCHAM CMN 098 -0409-023-00 SFR C1 1 8.084 1,843 $46.64 $242.49 $479.32 $56.32 $824.77 $4.83 $25.13 $150.55 $0.00 $180.50 2805 PATCHAM CMN 098 -0409-024-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2813 PATCHAM CMN 098 -0409-025-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2821 PATCHAM CMN 098 -0409-026-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2829 PATCHAM CMN 098 -0409-027-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2837 PATCHAM CMN 098 -0409-028-00 SFR C1 1 8.084 1,915 $46.64 $251.96 $498.05 $58.52 $855.17 $4.83 $26.12 $156.43 $0.00 $187.38 2845 PATCHAM CMN 098 -0409-029-00 SFR C1 1 8.084 1,843 $46.64 $242.49 $479.32 $56.32 $824.77 $4.83 $25.13 $150.55 $0.00 $180.50 2853 PATCHAM CMN 098 -0409-030-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2861 PATCHAM CMN 098 -0409-031-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2869 PATCHAM CMN 098 -0409-032-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2877 PATCHAM CMN 098 -0409-033-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2885 PATCHAM CMN 098 -0409-034-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2891 PATCHAM CMN 098 -0409-035-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2895 PATCHAM CMN 098 -0409-036-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2899 PATCHAM CMN 098 -0409-037-00 SFR C1 1 8.084 1,806 $46.64 $237.62 $469.70 $55.19 $809.15 $4.83 $24.63 $147.52 $0.00 $176.98 2858 PATCHAM CMN 098 -0409-038-00 SFR C1 1 8.084 1,806 $46.64 $237.62 $469.70 $55.19 $809.15 $4.83 $24.63 $147.52 $0.00 $176.98 2874 PATCHAM CMN 098 -0409-039-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2880 PATCHAM CMN 098 -0409-040-00 SFR C1 1 8.084 1,948 $46.64 $256.30 $506.63 $59.53 $869.10 $4.83 $26.57 $159.12 $0.00 $190.52 2888 PATCHAM CMN 098 -0409-041-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2892 PATCHAM CMN 098 -0409-042-00 SFR C1 1 8.084 1,786 $46.64 $234.99 $464.50 $54.57 $800.70 $4.83 $24.36 $145.89 $0.00 $175.08 2896 PATCHAM CMN 098 -0409-057-00 SFR C1 1 0.000 1,825 $0.00 $240.12 $474.64 $55.77 $770.53 $0.00 $24.89 $149.08 $0.00 $173.96 2855 OLD 1ST ST 098 -0409-058-00 SFR C1 1 0.000 1,993 $0.00 $262.22 $518.33 $60.90 $841.45 $0.00 $27.18 $162.80 $0.00 $189.98 2855 OLD 1ST ST 098 -0409-059-00 SFR C1 1 0.000 1,843 $0.00 $242.49 $479.32 $56.32 $778.13 $0.00 $25.13 $150.55 $0.00 $175.68 2855 OLD 1ST ST 098 -0409-060-00 SFR C1 1 0.000 1,993 $0.00 $262.22 $518.33 $60.90 $841.45 $0.00 $27.18 $162.80 $0.00 $189.98 2855 OLD 1ST ST 098 -0409-061-00 SFR C1 1 0.000 1,821 $0.00 $239.59 $473.60 $55.64 $768.83 $0.00 $24.83 $148.75 $0.00 $173.58 2855 OLD 1ST ST 098 -0409-062-00 SFR C1 1 0.000 1,929 $0.00 $253.80 $501.69 $58.94 $814.43 $0.00 $26.31 $157.57 $0.00 $183.88 2855 OLD 1ST ST 098 -0409-063-00 SFR C1 1 0.000 1,821 $0.00 $239.59 $473.60 $55.64 $768.83 $0.00 $24.83 $148.75 $0.00 $173.58 2855 OLD 1ST ST 098 -0409-064-00 SFR C1 1 0.000 1,916 $0.00 $252.09 $498.31 $58.55 $808.95 $0.00 $26.13 $156.51 $0.00 $182.64 2855 OLD 1ST ST 098 -0409-065-00 SFR C1 1 0.000 1,916 $0.00 $252.09 $498.31 $58.55 $808.95 $0.00 $26.13 $156.51 $0.00 $182.64 2855 OLD 1ST ST 098 -0409-066-00 SFR C1 1 0.000 1,821 $0.00 $239.59 $473.60 $55.64 $768.83 $0.00 $24.83 $148.75 $0.00 $173.58 2855 OLD 1ST ST 098 -0409-067-00 SFR C1 1 0.000 1,929 $0.00 $253.80 $501.69 $58.94 $814.43 $0.00 $26.31 $157.57 $0.00 $183.88 2855 OLD 1ST ST 098 -0409-068-00 SFR C1 1 0.000 1,821 $0.00 $239.59 $473.60 $55.64 $768.83 $0.00 $24.83 $148.75 $0.00 $173.58 2855 OLD 1ST ST 098 -0409-069-00 SFR C1 1 0.000 1,843 $0.00 $242.49 $479.32 $56.32 $778.13 $0.00 $25.13 $150.55 $0.00 $175.68 2855 OLD 1ST ST 098 -0409-070-00 SFR C1 1 0.000 1,825 $0.00 $240.12 $474.64 $55.77 $770.53 $0.00 $24.89 $149.08 $0.00 $173.96 2855 OLD 1ST ST 098 -0409-071-00 SFR C1 1 0.000 1,843 $0.00 $242.49 $479.32 $56.32 $778.13 $0.00 $25.13 $150.55 $0.00 $175.68 2855 OLD 1ST ST 098 -0409-072-00 SFR C1 1 0.000 1,993 $0.00 $262.22 $518.33 $60.90 $841.45 $0.00 $27.18 $162.80 $0.00 $189.98 2855 OLD 1ST ST 098 -0409-073-00 SFR C1 1 0.000 1,843 $0.00 $242.49 $479.32 $56.32 $778.13 $0.00 $25.13 $150.55 $0.00 $175.68 2855 OLD 1ST ST 098 -0410-001-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2902 WORTHING CMN 098 -0410-002-00 SFR C1 1 8.084 1,786 $46.64 $234.99 $464.50 $54.57 $800.70 $4.83 $24.36 $145.89 $0.00 $175.08 2904 WORTHING CMN 098 -0410-003-00 SFR C1 1 8.084 1,948 $46.64 $256.30 $506.63 $59.53 $869.10 $4.83 $26.57 $159.12 $0.00 $190.52 2906 WORTHING CMN 098 -0410-004-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2908 WORTHING CMN 098 -0410-005-00 SFR C1 1 8.084 2,013 $46.64 $264.86 $523.53 $61.51 $896.54 $4.83 $27.45 $164.43 $0.00 $196.70 2912 WORTHING CMN

ATTACHMENT 3
418
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 098 -0410-006-00 SFR C1 1 8.084 1,806 $46.64 $237.62 $469.70 $55.19 $809.15 $4.83 $24.63 $147.52 $0.00 $176.98 2914 WORTHING CMN 098 -0410-007-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2916 WORTHING CMN 098 -0410-008-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2920 WORTHING CMN 098 -0410-009-00 SFR C1 1 8.084 1,948 $46.64 $256.30 $506.63 $59.53 $869.10 $4.83 $26.57 $159.12 $0.00 $190.52 2922 WORTHING CMN 098 -0410-010-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2928 WORTHING CMN 098 -0410-011-00 SFR C1 1 8.084 1,948 $46.64 $256.30 $506.63 $59.53 $869.10 $4.83 $26.57 $159.12 $0.00 $190.52 2934 WORTHING CMN 098 -0410-012-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2938 WORTHING CMN 098 -0410-013-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2946 WORTHING CMN 098 -0410-014-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2950 WORTHING CMN 098 -0410-015-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2954 WORTHING CMN 098 -0410-016-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2960 WORTHING CMN 098 -0410-017-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2968 WORTHING CMN 098 -0410-018-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2974 WORTHING CMN 098 -0410-019-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2980 WORTHING CMN 098 -0410-020-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2986 WORTHING CMN 098 -0410-021-00 SFR C1 1 8.084 1,948 $46.64 $256.30 $506.63 $59.53 $869.10 $4.83 $26.57 $159.12 $0.00 $190.52 2992 WORTHING CMN 098 -0410-022-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2998 WORTHING CMN 098 -0410-023-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2999 WORTHING CMN 098 -0410-024-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2995 WORTHING CMN 098 -0410-025-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2991 WORTHING CMN 098 -0410-026-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2885 WORTHING CMN 098 -0410-027-00 SFR C1 1 8.084 1,786 $46.64 $234.99 $464.50 $54.57 $800.70 $4.83 $24.36 $145.89 $0.00 $175.08 2977 PATCHAM CMN 098 -0410-028-00 SFR C1 1 8.084 1,948 $46.64 $256.30 $506.63 $59.53 $869.10 $4.83 $26.57 $159.12 $0.00 $190.52 2973 PATCHAM CMN 098 -0410-030-00 SFR C1 1 8.084 1,915 $46.64 $251.96 $498.05 $58.52 $855.17 $4.83 $26.12 $156.43 $0.00 $187.38 2951 PATCHAM CMN 098 -0410-031-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2945 PATCHAM CMN 098 -0410-032-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2937 PATCHAM CMN 098 -0410-033-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2929 PATCHAM CMN 098 -0410-034-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2921 PATCHAM CMN 098 -0410-035-00 SFR C1 1 8.084 1,843 $46.64 $242.49 $479.32 $56.32 $824.77 $4.83 $25.13 $150.55 $0.00 $180.50 2915 PATCHAM CMN 098 -0410-036-00 SFR C1 1 8.084 1,915 $46.64 $251.96 $498.05 $58.52 $855.17 $4.83 $26.12 $156.43 $0.00 $187.38 2907 PATCHAM CMN 098 -0410-037-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2910 PATCHAM CMN 098 -0410-038-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2918 PATCHAM CMN 098 -0410-039-00 SFR C1 1 8.084 1,915 $46.64 $251.96 $498.05 $58.52 $855.17 $4.83 $26.12 $156.43 $0.00 $187.38 2924 PATCHAM CMN 098 -0410-040-00 SFR C1 1 8.084 1,843 $46.64 $242.49 $479.32 $56.32 $824.77 $4.83 $25.13 $150.55 $0.00 $180.50 2932 PATCHAM CMN 098 -0410-041-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2940 PATCHAM CMN 098 -0410-042-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2948 PATCHAM CMN 098 -0410-043-00 SFR C1 1 8.084 1,802 $46.64 $237.09 $468.66 $55.06 $807.45 $4.83 $24.57 $147.20 $0.00 $176.60 2956 PATCHAM CMN 098 -0410-044-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2951 WORTHING CMN 098 -0410-045-00 SFR C1 1 8.084 1,843 $46.64 $242.49 $479.32 $56.32 $824.77 $4.83 $25.13 $150.55 $0.00 $180.50 2949 WORTHING CMN 098 -0410-046-00 SFR C1 1 8.084 1,915 $46.64 $251.96 $498.05 $58.52 $855.17 $4.83 $26.12 $156.43 $0.00 $187.38 2943 WORTHING CMN 098 -0410-047-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2937 WORTHING CMN 098 -0410-048-00 SFR C1 1 8.084 1,915 $46.64 $251.96 $498.05 $58.52 $855.17 $4.83 $26.12 $156.43 $0.00 $187.38 2735 OLD 1ST ST 098 -0410-049-00 SFR C1 1 8.084 1,830 $46.64 $240.78 $475.94 $55.92 $819.28 $4.83 $24.96 $149.48 $0.00 $179.26 2925 WORTHING CMN 098 -0410-050-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 2921 WORTHING CMN 098 -0410-061-00 SFR C1 1 8.084 1,948 $46.64 $256.30 $506.63 $59.53 $869.10 $4.83 $26.57 $159.12 $0.00 $190.52 2959 PATCHAM CMN 098 -0410-062-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 2967 PATCHAM CMN 098 -0410-063-00 SFR C1 1 8.084 1,786 $46.64 $234.99 $464.50 $54.57 $800.70 $4.83 $24.36 $145.89 $0.00 $175.08 2961 PATCHAM CMN 098 -0410-070-00 SFR C1 1 8.084 1,806 $46.64 $237.62 $469.70 $55.19 $809.15 $4.83 $24.63 $147.52 $0.00 $176.98 3000 WORTHING CMN 098 -0410-071-00 SFR C1 1 8.084 1,806 $46.64 $237.62 $469.70 $55.19 $809.15 $4.83 $24.63 $147.52 $0.00 $176.98 3004 WORTHING CMN 098 -0410-072-00 SFR C1 1 8.084 1,806 $46.64 $237.62 $469.70 $55.19 $809.15 $4.83 $24.63 $147.52 $0.00 $176.98 3008 WORTHING CMN 098 -0410-073-00 SFR C1 1 8.084 1,955 $46.64 $257.23 $508.45 $59.74 $872.06 $4.83 $26.66 $159.70 $0.00 $191.18 3012 WORTHING CMN 098 -0410-074-00 SFR C1 1 8.084 1,786 $46.64 $234.99 $464.50 $54.57 $800.70 $4.83 $24.36 $145.89 $0.00 $175.08 3015 WORTHING CMN 098 -0410-075-00 SFR C1 1 8.084 1,786 $46.64 $234.99 $464.50 $54.57 $800.70 $4.83 $24.36 $145.89 $0.00 $175.08 3009 WORTHING CMN 098 -0410-076-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 3007 WORTHING CMN 098 -0410-077-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 3005 WORTHING CMN 098 -0410-078-00 SFR C1 1 8.084 1,915 $46.64 $251.96 $498.05 $58.52 $855.17 $4.83 $26.12 $156.43 $0.00 $187.38 3003 WORTHING CMN 098 -0410-079-00 SFR C1 1 8.084 1,927 $46.64 $253.54 $501.17 $58.88 $860.23 $4.83 $26.28 $157.41 $0.00 $188.52 3001 WORTHING CMN

ATTACHMENT 3
419
City of Livermore - Maintenance District No. 859
Maximum & Fiscal Year 2024-25 Assessment Roll
(Maximum Assessments may be Increased by the Prior Year's Change in the CPI plus 1% each Fiscal Year) Maximum Maximum Maximum Maximum FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 Streetscape Trail Frontage Area Park/Plaza Trail Maximum Frontage Area Park/Plaza Trail FY 2024-25 Property Parcel No. Class Zone Zone Frontage Imp Sq Ft Assessment A ssessment Assessment Assessment Assessment Assessment Assessment Assessment Assessm ent Assessment* Address 098 -0412-014-00 CON B3 1 0.000 1,694 $0.00 $0.00 $440.57 $51.76 $492.33 $0.00 $0.00 $138.38 $0.00 $138.38 1681 CHESTNUT ST 098 -0412-015-00 CON B3 1 0.000 1,674 $0.00 $0.00 $435.37 $51.15 $486.52 $0.00 $0.00 $136.74 $0.00 $136.74 1683 CHESTNUT ST 098 -0412-016-00 CON B3 1 0.000 1,694 $0.00 $0.00 $440.57 $51.76 $492.33 $0.00 $0.00 $138.38 $0.00 $138.38 1687 CHESTNUT ST 098 -0412-017-00 CON B3 1 0.000 1,674 $0.00 $0.00 $435.37 $51.15 $486.52 $0.00 $0.00 $136.74 $0.00 $136.74 1685 CHESTNUT ST 098 -0412-018-00 CON B3 1 0.000 1,674 $0.00 $0.00 $435.37 $51.15 $486.52 $0.00 $0.00 $136.74 $0.00 $136.74 1715 CHESTNUT ST 098 -0412-019-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1718 PEDROZZI CMN 098 -0412-020-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1716 PEDROZZI CMN 098 -0412-021-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1714 PEDROZZI CMN 098 -0412-022-00 CON B3 1 0.000 1,674 $0.00 $0.00 $435.37 $51.15 $486.52 $0.00 $0.00 $136.74 $0.00 $136.74 1727 CHESTNUT ST 098 -0412-023-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1735 PEDROZZI CMN 098 -0412-024-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1733 PEDROZZI CMN 098 -0412-025-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1731 PEDROZZI CMN 098 -0412-026-00 CON B3 1 0.000 1,674 $0.00 $0.00 $435.37 $51.15 $486.52 $0.00 $0.00 $136.74 $0.00 $136.74 1757 CHESTNUT ST 098 -0412-027-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1758 PEDROZZI CMN 098 -0412-028-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1756 PEDROZZI CMN 098 -0412-029-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1754 PEDROZZI CMN 098 -0412-030-00 CON B3 1 0.000 1,674 $0.00 $0.00 $435.37 $51.15 $486.52 $0.00 $0.00 $136.74 $0.00 $136.74 1767 CHESTNUT ST 098 -0412-031-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 249 N N ST 098 -0412-032-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 247 N N ST 098 -0412-033-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 245 N N ST 098 -0412-034-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 241 N N ST 098 -0412-035-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 239 N N ST 098 -0412-036-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 237 N N ST 098 -0412-037-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 235 N N ST 098 -0412-038-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 233 N N ST 098 -0412-039-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 231 N N ST 098 -0412-040-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1742 PEDROZZI CMN 098 -0412-041-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1744 PEDROZZI CMN 098 -0412-042-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1746 PEDROZZI CMN 098 -0412-043-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1748 PEDROZZI CMN 098 -0412-044-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1750 PEDROZZI CMN 098 -0412-045-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1752 PEDROZZI CMN 098 -0412-046-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1729 PEDROZZI CMN 098 -0412-047-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1727 PEDROZZI CMN 098 -0412-048-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1725 PEDROZZI CMN 098 -0412-049-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1723 PEDROZZI CMN 098 -0412-050-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1721 PEDROZZI CMN 098 -0412-051-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1719 PEDROZZI CMN 098 -0412-052-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1702 PEDROZZI CMN 098 -0412-053-00 CON B3 1 0.000 2,150 $0.00 $0.00 $559.16 $65.70 $624.86 $0.00 $0.00 $175.62 $0.00 $175.62 1704 PEDROZZI CMN 098 -0412-054-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1706 PEDROZZI CMN 098 -0412-055-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1708 PEDROZZI CMN 098 -0412-056-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1710 PEDROZZI CMN 098 -0412-057-00 CON B3 1 0.000 1,929 $0.00 $0.00 $501.69 $58.94 $560.63 $0.00 $0.00 $157.57 $0.00 $157.56 1712 PEDROZZI CMN 098 -0413-001-00 COM B1 2 300.000 11,584 $1,741.80 $1,487.12 $524.18 $30.79 $3,783.89 $197.88 $168.94 $164.64 $0.00 $531.46 1934 1ST ST 098 -0413-001-00 MFR B1 2 0.000 265,499 $0.00 $34,083.97 $69,049.92 $4,056.56 $107,190.45 $0.00 $3,872.10 $21,687.49 $0.00 $25,559.58 1934 1ST ST 099 -0175-021-01 COM B2 1 0.000 16,382 $0.00 $0.00 $741.29 $87.10 $828.39 $0.00 $0.00 $232.83 $0.00 $232.82 1002 E STANLEY BLVD 099 -0175-022-01 COM B2 1 0.000
984 $0.00 $0.00 $44.53 $5.23 $49.76 $0.00 $0.00 $13.98 $0.00 $13.98 E STANLEY BLVD 9,810.096 2,978,450 $168,580.94 $348,233.24 $441,271.28 $37,577.52 $995,662.98 $131,554.24 $198,306.24 $138,595.93 $0.00 $468,452.96 * The Fiscal Year 2024-25 Assessments have been rounded to the nearest even penny to meet the County of Alameda Auditor Controller submittal requirements.

ATTACHMENT 3
420
RESOLUTION NO. ________

IN THE CITY COUNCIL OF THE CITY OF LIVERMORE, CALIFORNIA

A RESOLUTION DIRECTING THE CITY ENGINEER TO FILE THE CONSOLIDATED

ANNUAL REPORT FOR LANDSCAPE MAINTENANCE DISTRICTS ORGANIZED UNDER THE LANDSCAPE AND LIGHTING ACT OF 1972
MAINTENANCE DISTRICT NO. LL-1: ANNEXATION NOS. 1989-1, 1989-2, 1989-4,1990-1, 1990-2.

MAINTENANCE DISTRICT NO. LL-2: ANNEXATION NOS. 1992-0, 1992-1, 1993-1, 1993-2, 1994-1, 1994-2, 1994-3, 1994-4, 1994-6, 1994-7, 1994-8, 1995-1, 1995-2, 1995-3, 1995-4, 1995-6, 1995-7, 1996-1, 1996-2, 1996-3, 1996-5, 1996-6, 1996-7, 1996-8, 1996-9, 1997-2, 1997-3, 1997-4, 1997-5.

MAINTENANCE DISTRICT NOS. LL-801, LL-802, LL-803, LL-804, LL-805, LL-806, LL-807, LL-808, LL-809, LL-810, LL-811, LL-813, LL-814, LL-815, LL-817, LL-818, LL-819, LL-820, LL-821, LL-822, LL-823, LL-824, LL-826, LL-827, LL-828, LL-829, LL-830, LL-831, LL-832, LL-833, LL-835, LL-836, LL-837, LL-838, LL-839, LL-840, LL-841, LL-842, LL-843, LL-844, LL-845, LL-846, LL-847, LL-848, LL-849, LL-850, LL-851, LL-852, LL-853, LL-854, LL-855, LL-857, LL-858, LL-859, LL-860, LL-861, LL-862, LL-863 (800 Series Maintenance Districts).

There are 92 Landscape and Lighting Districts within the City of Livermore.

Under the regulations governing Landscape and Lighting Districts, the City Council must follow certain procedures to levy annual assessments. The first step in this process requires the preparation and filing of the Consolidated Annual Report for the City of Livermore’s Landscape Maintenance Districts(“Consolidated Annual Report”) for the 92 districts. Any proposed new improvements, or substantial changes in existing improvements, must also be described.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Livermore that it hereby:

1. Authorizes and directs the City Engineer of record to file with the City Clerk, the Consolidated Annual Report for the maintenance districts, a copy of which is attached hereto as Exhibit A and incorporated by this reference. The improvements are the same as the ones described in the prior year’s Consolidated Annual Report, and no new improvements or substantial changes to existing improvements are proposed.

2. Authorizes the City Manager to take whatever actions are necessary and appropriate to carry out the purpose and intent of this resolution. 421
RESOLUTION NO. ________
On motion of Council Member , seconded by
Council Member , the foregoing resolution was passed
and adopted on June 10, 2024, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ATTEST: APPROVED AS TO FORM:
/s/ Jason R. Alcala
Deborah L. Elam Jason R. Alcala
Acting City Clerk City Attorney
422
RESOLUTION NO. ________

IN THE CITY COUNCIL OF THE CITY OF LIVERMORE, CALIFORNIA

A RESOLUTION OF INTENTION TO LEVY AND COLLECT ANNUAL
ASSESSMENTS UNDER THE LANDSCAPING AND LIGHTING ACT OF 1972, PRELIMINARILY APPROVE THE CONSOLIDATED ANNUAL REPORT AND LL-859 (DOWNTOWN LANDSCAPE MAINTENANCE DISTRICT) ANNUAL REPORT, AND

ESTABLISH A PUBLIC HEARING DATE FOR THE ANNUAL LEVY OF

ASSESSMENTS
MAINTENANCE DISTRICT NO. LL-1: ANNEXATION NOS. 1989-1, 1989-2, 1989-4, 1990-1, 1990-2.

MAINTENANCE DISTRICT NO. LL-2: ANNEXATION NOS. 1992-0, 1992-1, 1993-1, 1993-2, 1994-1, 1994-2, 1994-3, 1994-4, 1994-6, 1994-7, 1994-8, 1995-1, 1995-2, 1995-3, 1995-4, 1995-6, 1995-7, 1996-1, 1996-2, 1996-3, 1996-5, 1996-6, 1996-7, 1996-8, 1996-9, 1997-2, 1997-3, 1997-4, 1997-5.

MAINTENANCE DISTRICT NOS. LL-801, LL-802, LL-803, LL-804, LL-805, LL-806, LL-807, LL-808, LL-809, LL-810, LL-811, LL-813, LL-814, LL-815, LL-817, LL-818, LL-819, LL-820, LL-821, LL-822, LL-823, LL-824, LL-826, LL-827, LL-828, LL-829, LL-830, LL-831, LL-832, LL-833, LL-835, LL-836, LL-837, LL-838, LL-839, LL-840, LL-841, LL-842, LL-843, LL-844, LL-845, LL-846, LL-847, LL-848, LL-849, LL-850, LL-851, LL-852, LL-853, LL-854, LL-855, LL-857, LL-858, LL-859, LL-860, LL-861, LL-862, LL-863 (800 Series Maintenance Districts).

The assessment districts listed above (Districts) were formed by the City of Livermore (City) under the Landscaping and Lighting Act of 1972 (Act).

Under the Act, the City Council must follow certain procedures to levy annual assessments within the Districts. The City Council took the initial action for Fiscal Year 2024-25 on June 10, 2024, by adopting its Resolution No. 2024-XXX entitled “A Resolution Directing the City Engineer to File the Consolidated Annual Report for Landscape Maintenance Districts Organized Under the Landscape and Lighting Act of 1972.”
The City Engineer has filed with the City Clerk the Consolidated Annual Report for the City of Livermore’s Landscape Maintenance Districts for Fiscal Year 2024-25 for the Districts.

The next step under the Act is for the City Council, among other things, to declare its intent to levy and collect annual assessments within the Districts in Fiscal Year 2024- 25, preliminarily approve the Consolidated Annual Report, and establish a public hearing date.
423
RESOLUTION NO. ________
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Livermore as follows:

1. Declaration of Intention. The City Council hereby declares its intention under the Act to levy and collect assessments within the Districts for Fiscal Year 2024-25.

2. Designation . The Districts consist of Maintenance District No. LL-1, Maintenance District No. LL-2, and the 800 Series Maintenance Districts listed above.

The area of land in the Districts is located in the City.

3. Reports. The Consolidated Annual Report is hereby preliminarily approved and shall be filed with the City Clerk.

4. Improvements. The City Council hereby refers to the Consolidated Annual Report for a full and detailed description of the improvements to be maintained with the revenues from the assessments levied and collected within the Districts, and the proposed assessment amounts for Fiscal Year 2024-25. No new improvements or substantial improvements to existing improvements are proposed.

5. Hearing. On Monday, July 8, 2024, at 7:00 p.m., the City Council will hold a public hearing on the question of the levy of the proposed annual assessments in the Districts for Fiscal Year 2024-25. As soon as the hearing is completed, the City Council will consider the levy of the proposed annual assessments for Fiscal Year 2024-25.

6. Notice. The City Clerk is hereby authorized and directed to cause notice of the annual hearing to be given by publication as required by the Act for purposes of the annual hearing.

7. Fiscal Year 2024-25 Assessments . For Maintenance District No. LL-2, Annexation No. 1996-7, the Fiscal Year 2024-25 assessment is equal to the Fiscal Year 2023-24 assessment. For the remainder of the Districts, the Fiscal Year 2024-25 assessments are increased from Fiscal Year 2023-24 based on the increased cost of maintenance and the permitted annual inflationary index. The Fiscal Year 2024-25 assessments are at or below the maximum allowable assessment amount for each respective District.

8. City Manager Authorization. The City Manager is authorized to take whatever actions are necessary and appropriate to carry out the purpose and intent of this resolution.

On motion of Council Member __________________________, seconded by Council Member __________________________, the foregoing resolution was passed and adopted on June 10, 2024, by the following vote:
424
RESOLUTION NO. ________
AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ATTEST: APPROVED AS TO FORM:
_____________________________ /s/ Jason R. Alcala
Deborah L. Elam Jason R. Alcala
Acting City Clerk City Attorney
425

CITY COUNCIL STAFF REPORT
ITEM NO. 5.13

DATE:

June 10, 2024
TO:

Honorable Mayor and City Council
FROM:

Tina Olson, Administrative Services Director
SUBJECT:

Resolution Approving the FY 2024-25 Budget Update

RECOMMENDED ACTION

Staff recommends that City Council adopt a resolution approving the 2024-25 Budget Update.

SUMMARY
The City of Livermore’s (the City) Two-Year Budget for FY 2023-24 and 2024-25 was approved by City Council on June 12, 2023. Staff updated revenue and expenditure estimates for FY 2024-25 and based on that review, are proposing to increase the General Fund expenditure budget by $3,352,193 and the General Fund revenue budget by $3,484,746. Staff does not propose to adjust the FY 2024-25 budgets in the City’s other funds.

DISCUSSION
The City’s FY 2023-24 and 2024-25 Two-Year Budget was adopted by City Council on June 12, 2023.

City staff evaluates the second year of the two-year budget cycle revenue and expenditure estimates in advance of the second year to determine whether adjustments are necessary to have a balanced budget. Staff completed their review of the FY 2024-25 budget and concluded that the General Fund expenditure budget needs to be increased by $3,352,193 and the revenue budget by $3,484,746. The attached FY 2024-25 Budget Update Report includes the details of those increases. The City’s other funds do not require adjustments.

The Budget anticipates compliance with the General Fund Reserve Policy, which was updated in June of 2016 to require a total General Fund reserve of 30% of budgeted operating expenditures and outgoing transfers for debt service.

FISCAL AND ADMINISTRATIVE IMPACTS

Adoption of the FY 2024-25 Budget Update results in a balanced budget with a General Fund surplus of almost $700,000 that will be added to unallocated reserves. 426

COMMUNITY PILLAR

5: A City that Works

GOAL

17: Ensure effective use of public resources

ATTACHMENTS

1. Resolution

2. Exhibit A - FY 2024-25 Budget Update Report

Prepared by: Erik Peterson
Finance Manager

Approved by:
____________________________________
Marianna Marysheva
City Manager
Fiscal Review by:
____________________________________
Tina Olson
Administrative Services Director
427
RESOLUTION NO. __________

IN THE CITY COUNCIL OF THE CITY OF LIVERMORE, CALIFORNIA A RESOLUTION APPROVING THE FISCAL YEAR 2024-25 BUDGET UPDATE The City Manager prepared and submitted to the City Council for its review the Budget Update for FY 2024-25.

The City Council wishes to amend the FY 2024-25 Budget.

NOW, THEREFORE, BE IT RESOLVEDby the City Council of the City of Livermore that:

1. The FY 2024-25 Budget Update, attached hereto as Exhibit A, is approved.

2. The FY 2024-25 General Fund operating budget is increased by $3,352,193.

On motion of Council Member ________________________, seconded by Council Member ________________________, the foregoing resolution was passed and adopted on June 10, 2024, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ATTEST: APPROVED AS TO FORM:
____________________________ /s/ Jason R. Alcala
Deborah L. Elam Jason R. Alcala
Acting City Clerk City Attorney
Exhibit A – FY 2024-25 Budget Update Report
428
1 City of Livermore
FY 2024-25 Budget Update Report

SUMMARY
This report presents the updated estimates of the FY 2024-25 Operations (Budget). This report includes the General Fund, Enterprise Funds, and Internal Service Funds. As described in more detail below, staff balanced budget while maintaining required operating reserves.

GENERAL FUND

FINANCIAL STATEMENT
Staff proposes to amend the FY 2024-25 General Fund by increasing operating revenues by approximately $1.7 million, increasing operating expenses by $3.4 million, using $1.4 million in FY 2023-24 fund balance to cover $1.4 million in carryforward contracts, and withdrawing $419,000 from the City’s OPEB Trust Fund as recommended by the City’s actuary. The combined estimated General Fund balance is $80.4 million. Of that, $44.3 million are the operating reserves equal to 30% of operating expenses consistent with the City’s General Fund Reserve Policy. In addition, there is $10.7 million in the Infrastructure Repair and Replacement Reserve and $11.4 million in the Capital Improvement Program (CIP) Reserve for a total of $22.1 million that are available to fund asset management and CIP projects in the future.

Finally, the unassigned fund balance is estimated to be $8.2 million most of which is related to the estimated FY 2023-24 year-end budget surplus. Staff will recommend allocation of actual budget savings as part of the FY 2023-24 year-end process in the fall of 2024.

BACKGROUND
The mid-year budget report (Report) summarizes the updated estimates of the FY 2024-25 budget and details expected changes in reserves.

DISCUSSION
As shown in Table 1, FY 2024-25 proposed changes from the original budget include: (1) increased overall revenues of $1.7 million, (2) use FY 2023-24 fund balance of approximately $1.4 million to cover the cost of contracts that were awarded in FY 2023-24 and expected to be complete in FY 2024-25, (3) withdrawal of $419,000 from the City’s Other Post Employment Benefits (OPEB) Trust Fund as recommended by the City’s actuary to cover retiree medical expenses, and (4) increased operating expenditures of $3.4 million. Overall, the budget is balanced with almost $700,000 budgeted surplus remaining.

EXHIBIT A
429
2 General Fund Revenues: As described in Table 2 below, overall General Fund revenues are expected to increase by approximately $1.7 million or 1.1%. Table 2 presents the major revenue categories with a comparison of the amended budget versus actual revenues and the variance between the two. The following describes the significant variances.

Investment Earnings expected to be $1 million more than the budget based on increased interest rates and known maturities in the City’s investment portfolio.

Charges for Current Services are expected to increase by $742,000 due to increased Engineering Inspection and filing fee revenues related to increased development.

Amended
Budget
Budget
Update Variance
Revenues $147,100,502 $148,785,148 $1,684,646
Use of Fund Balance for Carry Forward
Contracts - 1,381,100 1,381,100
Use of Reserves for Police Wage Increase 1,103,000 1,103,000 - OPEB Trust Fund Withdrawl - 419,000 419,000 Use of Capital Reservces 13,466,000 13,466,000 - Net Transfers (15,643,794) (15,643,794) -
Operating Expenditures (137,755,602) (141,107,795) (3,352,193) Operating Surplus (Deficit) $8,270,106 $8,402,659 $132,553 Capital Projects (7,706,000) (7,706,000) -
Total Surplus (Deficit) $564,106 $696,659 $132,553
General Fund
FY 2024-25
Table 1. General Fund - Budget Update - Amended Budget vs Updated Revenues, Expenditures, and Transfers

EXHIBIT A
430
3 General Fund Expenditures. General Fund operating expenditures are expected to be $3.4 million or 2.4% greater than the amended budget.

Table 3 shows the major expenditure categories with a comparison of the original budget to the current projections and the variance between the two. The following describes the significant variances.

Personnel and Supplemental Personnel Staff expects expenditures to be approximately $323,000 or 0.4% greater than the amended budget due to (1) increased unfunded accrued pension liability that is mostly off-set by reduced retiree medical, and (2) addition of 0.5 FTE Management Analyst I in the Library to support the City’s public art program, and (3) increased salaries and benefits related to reclassifications that occurred in FY 2023-24 and wage and benefit increases granted to the City Manager and City Attorney in the fall of 2023.

Services and Supplies are expected to be $3 million or 5% greater than budget due to (1) almost $1.4 million for various contracts awarded and budgeted in FY 2023-24 that are not complete and therefore carried forward to FY 2024-25, (2) $600,000 related to the City’s sales tax sharing agreement with Gillig1, (3) $100,000 increase for City Attorney contractual services related to gun violence restraining orders and neighborhood preservation administrative

1 The City’s sales tax sharing agreement (Agreement) with Gillig provides the City with the first $1 million in sales tax in a four quarter period generated by Gillig and allocates all sales tax the City receives above $1 million to Gillig. The agreement caps the total amount the City will share with Gillig to $5 million. With the $600,000 allocation, the remaining amount due to Gillig is $3.6 million.

Amended
Budget
Budget
Update Variance
Property Taxes $48,625,118 $48,625,118 -
Sales & Use Taxes 41,903,316 41,903,316 -
Franchise Taxes 6,575,000 6,575,000 -
Business License Taxes 10,735,000 10,735,000 - Other Taxes 6,326,812 6,326,812 -
Licenses & Permits 3,514,000 3,509,000 (5,000) Fines & Forfeitures 385,000 385,000 -
Use of Money and Property 6,147,501 7,147,501 1,000,000 Intergovernmental Revenue 13,529,654 13,477,300 (52,354) Other Taxes in Lieu 7,500 7,500 -
Charges for Current Services 8,804,801 9,546,801 742,000 Other Revenue 546,800 546,800 -
Total Operating Revenue $147,100,502 $148,785,148 1,684,646 Transfers In 1,535,206 1,535,206 -
Total All Revenue $148,495,708 $150,320,354 $1,684,646
General Fund
FY 2024-25
Table 2. General Fund Revenues - Budget Update - Amended Budget vs. Budget Update

EXHIBIT A
431
4 appeals, (4) $153,000 for Emergency Operations Center (EOC) Veoci three-year software subscription, (5) $80,000 for Citywide management training program, and (6) approximately $700,000 for increased Livermore Pleasanton Fire Department (LPFD) expenses related to increased unfunded accrued pension liabilities related to CalPERS investment losses in 2022 and increased paramedic pay related to a change in the methodology.

Transfer of Funds. As shown in Table 4, net transfers out are expected remain unchanged from the original budget.

Amended
Budget Budget Update Variance
Personnel & Supplmental Personnel $77,192,373 $77,514,871 $322,498 Services and Supplies 60,474,599 63,504,294 3,029,695 Capital Outlay 88,630 88,630 - Total Operating Expenditures $137,755,602 $141,107,795 $3,352,193 Capital Expenditure 7,706,000 7,706,000 -
Transfers Out 17,179,000 17,179,000 -
Total all Expenditures $162,640,602 $165,992,795 $3,352,193 Expenditure Categories
FY 2024-25
Table 3. General Fund Expenditures - Amended Budget vs. Budget Update Table 4. Transfers In and Transfers Out - Amended Budget vs Budget Update Amended
Budget Budget Update Variance
OPERATING TRANSFERS IN - From:

Traffic Impact Fee $75,000 $75,000 -
Downtown Revitalization Fee 400,000 400,000 - Low Income Housing Fund 621,000 621,000 - Maintenance District L&LD 270,000 270,000 - CASP Cert & Training Fund 5,500 5,500 - Gas Taxes 130,000 130,000 - HHS - Federal Home Program 8,706 8,706 - Library Foundation Grant 25,000 25,000 - OPERATING TRANSFERS OUT - To:

Stormwater (7,560,000) (7,560,000) - 2020 COPs Series B (Debt Service) (3,885,000) (3,885,000) - 2022 COPs (Debt Service) (2,590,000) (2,590,000) - Horizons (470,000) (470,000) - Maintenance District L&LD (210,000) (210,000) - Facilities (2,464,000) (2,464,000) - Net Transfers ($15,643,794) ($15,643,794) $0
Operating Transfers
FY 2024-25

EXHIBIT A
432
5 General Fund Balances and Reserve Allocations. Table 5 presents the estimated changes in the General Fund Reserves from the General Fund balance. Estimated Operating Reserves are $44.3 million or 30% of budgeted expenditures. The City’s policy is to maintain General Fund reserves equal to 30% of operating expenses. In addition, there is $22.1 million in the Capital Reserves ($10.7 million in the Infrastructure Repair and Replacement Reserve and $11.4 million in the CIP Reserves) from which staff will allocate to future CIP projects. The remaining unassigned fund balance is estimated to be $8.2 million most of which is related to the estimated FY 2023-24 year-end budget surplus. Staff will recommend allocation of actual budget savings as part of the FY 2023-24 year-end process in the fall of 2024.

FY 2024-25
Amended Budget
FY 2024-25
Budget Update
Ending Total Fund Balance: $80,249,254 $80,381,807
Nonspendable: 5,844,210 5,844,210
Restricted Section 115 Pension Trust
Fund (included in Catastrophic Reserve
15%) 6,000,000 6,000,000
Committed (Catastrophic Reserve 15%) 15,634,591 16,137,419 Assigned (Economic Reserve 13.5%) 19,471,131 19,923,677 Unassigned (Cashflow Reserve 1.5%) 2,163,459 2,213,742 Subtotal Operating Reserves
(30% of Operating Expenses and Debt Service) 43,269,181 44,274,839 Infrastructure Repair & Replacement
Reserve 10,661,000 10,661,000
CIP Reserves 11,423,363 11,423,363
Subtotal Other Reserves $22,084,363 $22,084,363
Total Reserves $65,353,544 $66,359,202
Remaining Unassigned Fund Balance $9,051,500 $8,178,396 Table 5. General Fund Reserves - Amended Budget vs Budget Update

EXHIBIT A
433
6 Enterprise Funds:

The Airport, Water, Sewer, and Storm funds are expected to be balanced for FY 2024-25.

Internal Service Funds:

The City’s internal service funds (General Liability, Worker’s Comp, Information Technology, Fleet Services, and Facilities maintenance are expected to be balanced for FY 2024-25.

Capital Funds:

All capital funds budgets are expected to remain unchanged for FY 2024-25. Staff have changed procedures for carrying forward unused capital project budgets to the subsequent fiscal year. Beginning in FY 2024-25 with the City’s new financial system, unused prior year capital budgets will automatically be carried forward to the new fiscal year. This new procedure saves considerable staff time spent closing capital project budgets and preparing new appropriations of unused budget balances to the new fiscal year while accomplishing the same goal of ensuring funds are available to cover capital project expenditures.

Special Revenue Funds:

All Special Revenue funds budgets are expected to remain unchanged for FY 2024-25.

Permanent Funds:

Both Permanent fund budgets are expected to remain unchanged for FY 2024-25.

EXHIBIT A
434

CITY COUNCIL STAFF REPORT
ITEM NO. 5.14

DATE:

June 10, 2024
TO:

Honorable Mayor and City Council
FROM:

Tina Olson, Administrative Services Director
SUBJECT:

Resolution approving the updated Investment Policy and the annual delegation of investment authority to the City Treasurer.

RECOMMENDED ACTION

Staff recommends that the City Council adopt a resolution approving the updated Investment Policy and the annual delegation of investment authority to the City Treasurer.

SUMMARY
The City’s adopted Investment Policy states that the City Council shall approve any modifications to the policy. With the selection of Meeder in September of 2022 as the City’s investment advisor, they have made recommendations to update the Investment Policy to allow for investments that are approved by government code.

DISCUSSION
California Government Code Sections 53600 through 53659 defines the types of investments that municipal government can include in their portfolio, limits on the level of these investments, and the oversight required for the portfolio. The Investment Policy establishes strategies, practice, and procedures which are used in the administration of the City’s portfolio.

Staff has reviewed the proposed policy for consistency with State law and the City’s current investment strategies. There are proposed minor changes to the City’s investment policy. The changes outlined below will allow the City’s investment advisor to have the authority to invest funds in compliance with the Government Code and earn the best possible return.

1 .

Clarification of investments under the policy: The City opened a section 115 Trust in FY 2024, but those investments have their own guidelines, are held by a trustee, and are not pooled with the City’s investments under this policy.
2 .

Addition of authorized investments in mortgage passthrough securities and other similar investments allowed under code section 53601.
435

The State of California gives the City Council, in its capacity as the legislative body of the City and its related entities, the ability to delegate the investment authority to the City Treasurer (acting in the capacities of City Treasurer and treasurer of the City's related entities) for a one-year period in accordance with Section 53607 of the California Government Code. The delegation requires renewal each year.

On April 25, 2022, the City Council adopted Resolution No. 2022-062, determining that the person serving as the Administrative Services Director shall also serve as the City Treasurer and appointing the person holding the title of Administrative Services Director for the City of Livermore to serve as the City Treasurer.

The delegation of investment authority and responsibility from the City Council to the Administrative Services Director/City Treasurer will allow the Administrative Services Department to continue the prudent investment of the City’s pooled treasury funds and the effective and efficient support of the City’s efforts to meet its cash flow needs.

FISCAL AND ADMINISTRATIVE IMPACTS

There are no fiscal implications associated with the recommended action.

COMMUNITY PILLAR

5: A City That Works

GOAL

17: Ensure effective use of public resources

ATTACHMENTS

1. Investment Policy Red-Line

2. Resolution

3. Exhibit A - Investment Policy

Prepared by: David
Doyle
Accounting Supervisor

Approved by:
____________________________________
Marianna Marysheva
City Manager
Fiscal Review by:
____________________________________
Tina Olson
Administrative Services Director
436

INVESTMENT POLICY
Adopted: June 1026, 20243
Prepared By:

Administrative Services Department
ATTACHMENT 1
437

TABLE OF CONTENTS
Page
Se
ction I Policy Introduction ......................................................................................... 1 Section II Scope .............................................................................................................. 1 Section III Prudence ......................................................................................................... 1 Section IV Investment Objectives .................................................................................... 2 Section V Authority to Invest Monies ............................................................................ 2 Section VI Ethics and Conflicts of Interest ...................................................................... 2 Section VII Authorized Financial Dealers & In stitutions .................................................. 3 Section VIII Authorized and Suitable Investments ............................................................ 3 Section IX Collateralization ............................................................................................ 8 Section X Safekeeping and Custody .............................................................................. 8 Section XI Maximu m Maturities ..................................................................................... 8 Section XII Internal Control ............................................................................................. 8 Section XIII Reports of Investment Activities ................................................................... 9 Section XIV
Adoption ......................................................................................................... 9 Appendix A Glossary of Investment Terms ..................................................................... 10 ATTACHMENT 1
438

1 | Page

I. POLICY INTRODUCTION

Monies not required for immediat e expenditure by the City of Li vermore shall be invested in compliance with governing provisions of law and this policy. The City will maintain adequate cash availability and strive for a yield on inve sted idle funds which is commensurate with the objectives of safety of principal and liquidity.

II. SCOPE

This investment policy applies to all financial assets under direct control of the City of Livermore.

These funds are accounted for in the City's Annual Comprehensive Financial Report (ACFR) and include the General Fund, Special Revenue F unds, Capital Project Funds, Enterprise Funds, Internal Service Funds, certain Trust and Agency Funds, and other funds that may be created from time to time. The City holds no pension trust funds for which it is accountable.

This policy does not apply to investment activities of moneys held by a section 115 Trust for pension or other retirement benefits (OPEB). The City opened a combo 115 Trust in December of 2023 for both pension and OPEB benefits. Those funds are held by a truste e or fiscal agent and follow different guidelines for allowable investments for assets held in 115 Trusts due to their longer investment timeframe.

This policy does not apply to investment activities of moneys held by a trustee or fiscal agent and pledged to the payment or security of bonds or other indebtedness, or obligations under a lease, installment sale, or certificates of participation. Such funds are invested in accordance with the statutory provisions governing the issuance, or if there are no specific statutory provisions in accordance with the ordinance, resolution, indentur e, or agreement of the City providing for the issuance. These funds are identified in the Bala nce Sheet/Statement of Net Position and in the notes to the Financial Statements of the City’s Annual Comprehensive Financial Report as “Cash and Investments with Trustee”.

III. PRUDENCE

The City adheres to the guidance provided by the "prudent investor standard," which obligates a trustee acting as a fiduciary to ensure that when investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall ac t with care, skill, prudence, and diligence under the circumst ances then prevailing, includ ing, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims , to safeguard the principal and maintain the liquidity needs of the agency. Exercise of prudence considers the probable safety of capital as well as the probable income to be derived.

This standard of prudence shall be applied in the context of managing an overall portfolio.

Investment officials acting in accordance with written procedures and the investment policy and exercising due diligence shall be relieved of personal res ponsibility for an individual security's credit risk or mark et price changes, provided that deviations from expectation are reported in a timely fashion, and appropriate action is taken to control adverse developments.

ATTACHMENT 1 439

2 | Page

IV. INVESTMENT OBJECTIVES

The primary objectives, in priority order, of the City of Livermore's investment activities shall be:

 Safety of principal is the primary objec tive of the investment program.

Investments of the C ity of Livermore shal l be undertaken in a manner that seeks to ensure that capital losses are avoided, whether they be from credit risk or market risk. To attain this objective, the portfolio will be diversified to avoid incurring unreasonable and avoidable ri sks associated with conc entrating investments in specific security types, maturity segments, or in individual financial institutions.

 Liquidity of the portfolio guarantees the City's ability to meet all operating requirements which might reasonably be anticipated.

 Return on Investment. The City of Livermore's investment portfolio shall be designed with the objective of attaini ng a market rate of return throughout budgetary and economic cycles, taking into account the City's investment risk constraints and the cash flow characteristics of the portfolio.

V. AUTHORITY TO INVEST MONIES

Pursuant to Chapter 2.28 of the Livermore M unicipal Code, the Director of Administrative Services is authorized to assume and perform al l municipal functions relating to investments of the City subject to the annual delegation of investment authority from the City Council to the City Treasurer pursuant to Government Code section 53607. The Director of Administrative Services serves as the City Treasurer pursuan t to the City of Livermore Resolution No. 2022- 062.

The Director of Administrative Services shall establish written procedures for the operation of the investment program consistent w ith this policy. The City Treasurer/Director of Administrative Services may delegate the aut hority to conduct investment tr ansactions and to manage the operation of the investment portfolio to other spec ifically authorized staff members. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Director of Administrative Services.

VI. ETHICS AND CONFLICTS OF INTEREST

Officers and employees involved in the investment process shal l refrain from pe rsonal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment deci sions. Investment officials shall disclose any material financial interests in financial institutions that conduc t business within the City and they shall further disclose any material personal financial or investment positions that could be related to the performance of the City's portfo lio. All persons authorized to place or approve investments shall report annually on Form 700 of the California Fair Political Practices Commission all required economic interests for that year.

ATTACHMENT 1
440

3 | Page

VII. AUTHORIZED FINANCIAL DEALERS & INSTITUTIONS

In order to provide for the optimum yield in the investment of the City funds, the City's investment procedures shall be designed to encourage competitive bidding on transactions from approved financial dealers and institutions. Selection of fina ncial institutions and broker/dealers authorized to engage in transactions with the City shall be at the sole discretion of the City, or the City’s designated investment adviser.

Only authorized financial deal ers and institutions de fined under California Government Code Section 53601.5 shall be allowed to conduct business with the City. Authoriz ed financial dealers and institutions defined under California Govern ment Code Section 53601.5 shall be defined as one of the following:

(i) Direct issuers of securities, or
(ii) An institution licensed by the State of California as a broker-dealer, as defined in Section 25004 of the California Corporations Code, or
(iii) A member of a federally regulated securities exchange, or (iv) A national or state-chartered bank, a savings association or federal association, or (v) A brokerage firm designated as a primary government dealer by the Federal Reserve Bank.

No public deposit shall be made except in a qualified public depository as established by state laws.

SEC Registered Investment Advisers, authorized to provide investment services to the City, shall utilize broker-dealers who are duly licensed and authorized to provi de investment services in the State of California.

The firms and individuals, providing investment services to the City, must be knowledgeable and experienced in public agency investing, institutional trading practices and the California Government Code as related to investments. In addition, anyone providing financial services to the City must adhere to the investment policies of the City of Livermor e as adopted by the City Council. The broker/dealer firms s hould have the ability to meet all of their financial obligations in dealing with the City.

Any party directly executing investment transactions on behalf of the City shall sign a copy of this investment policy acknowledging comprehension and receipt.

VIII. AUTHORIZED AND SUITABLE INVESTMENTS

The City shall be governed by Government Code § 53600 et seq. The City's investment portfolio may include the instruments listed below, subjec t to the specific provisions of the Government Code, with any more restrictive credit rating minimums mentioned below.

1. U.S. Treasury obligations for which the full faith and credit of the United States are pledged for the payment of principal and interest. Up to 100 perc ent of the City’s investment portfolio may be invested in government obligations.

2. Federal agency or United States govern ment-sponsored enterprise obligations , participations, or other instrume nts, including those issued by or fully guaranteed as to principal and interest by federal agenci es or United States government-sponsored ATTACHMENT 1
441

4 | Page

enterprises. This shall include any mortgage pass through security issued and guaranteed by a Federal Agency with a maximum final maturity of five years. There is no limit to that amount of the City’s portfolio that may be invested in Fe deral Agency or GSE securities.

3. State of California and Local Agency Obligations. (1) Obligations of the State of California or any local agency within the state, including bonds payable solely out of revenues from a revenue producing property owne d, controlled or operated by the state or any local agency or by a de partment, board, agency or au thority of the state or any local agency with a final maturity not exc eeding five years from the date of trade settlement; (2) Obligations of the City of Livermore and the Successor Agency to the former Redevelopment Agency of the City of Livermore, including tax allocation bonds; and (3) Special Assessment District Improvement Bonds issued by the City of Livermore related to special assessment districts. Such obligations must be rated at least “A-1”, or the equivalent, short-term; or “A” or the equivalent, long-term by a NRSRO at the time of trade settlement. Unrated securities are acceptable if the underlying issuer meets the “A” credit rating criteria. Up to 100 percent of the City’s investment portfolio may be invested in California municipal obligations.

4. Registered treasury notes or bonds of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of these states. Such obligations must have a final maturity not exceeding five years from the date of tr ade settlement, and rated at le ast “A-1”, or the equivalent, short-term; or “A”, or the equivalent, long-term by a NRSRO at the time of trade settlement. Unrated securities are acceptable if the underlying issuer meets the “A” credit rating criteria.

5. Supranationals. United States dollar denominated senior unsecure d unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank, with a final maturity not exceeding five years from the trade settlement, and eligible for purchase and sale within the United States. Supranationals shall be rated at least “AA” or the equivalent by a NRSRO at the time of purchase. The aggregate investment in supranationals shall not exceed 30% of the City’s total portfolio.

6. Repurchase Agreements and Reverse Repurchase Agreements used solely as short- term investments not to exceed 30 days. Up to 20 percent of the City’s investment portfolio may be invested in repurchase and reverse purchase agreements.

A. Repurchase agreements will be entered into subject to a Master Repurchase Agreement between the dealer and the City. The term of the agreement may not exceed one year. In addition, the market value of the securities that underlay a repurchase agreement must be valued at 102 percent or greater of the funds borrowed against those securities at the time of purchase and the value must be adjusted not less than quarterly. Sin ce the market value of the underlying securities is subject to daily market fluctuations, the investments in repurchase agreements shall be in compliance if th e value of the underlying securities is brought back to 102 percent no later than the next business day.

ATTACHMENT 1
442

5 | Page

B. Reverse repurchase agreement s or securities lending agreements may be utilized only when all of the following conditions are met:

a. The security to be sold using a reve rse repurchase agreement or securities lending agreement has been owned and fully paid for by the City for a minimum of 30 days prior to sale.
b. The total of all reverse repurchase agreements and securities lending agreement on investments owned by the City does not exceed 20 percent of the base value of the portfolio.
c. The term does not exceed a term of 92 days, unless the agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement or securities lending agreement and final maturity date of the same security. d. Funds obtained or funds within the pool of an equivalent amount to that obtained from selling a security to a counterparty using a reverse repurchase agreement or securities lending agreem ent shall not be used to purchase another security with a maturity longer than 92 days from the initial settlement date of the reverse repu rchase agreement or securities lending agreement, unless the reverse repurchase agreement or securities lending agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement or securities lending agreement and the final maturity date of the same security.

7. Bankers' Acceptances , otherwise known as bills of exch ange or time drafts that are drawn on and accepted by a commercial bank. Pu rchases of Banker's Acceptances may not exceed 180 days maturity or 40 percent of the City’s investment portfolio. However, no more than thirty percent of the agency’s money may be invested in bankers’ acceptance of any one commercial bank.

8. Commercial paper of “prime” quality of the highest ranking or of the highest letter and number rating as provided for by a nationally re cognized statistical-rating organization (NRSRO). The entity that issues the commerc ial paper shall meet all of the following conditions in either paragraph (A) or paragraph (B):

A. The entity meets the following criteria: (a) Is organized a nd operating in the United States as a general corporation; (b) Has total assets in excess of five hundred million dollars ($500,000,000); (c) Has debt other than commercial paper, if any, that is ra ted “A” or higher by a nati onally recognized statistical- rating organization (NRSRO).

B. The entity meets the following criteria: (a) Is organized within the United States as a special purpose corporation, trust, or limited liability company; (b) Has program wide credit enhancements including, but not limited to, over collateralizations, letters of credit, or surety bond; (c) Has commercial paper that is rated “A-1” or higher, or the equivalent, by a nationally recognized statistical- rating organization (NRSRO).

ATTACHMENT 1
443

6 | Page

Purchases of eligible commercial paper may not exceed 270 days maturity nor exceed 25 percent of the City's surplus funds. In addi tion, no more than 10 percent of the City’s total portfolio may be invested in any one issuer of commercial paper.

9. Medium-term corporate notes issued by corporations orga nized and operating within the United States or by depository institutions licensed by the U.S. or any state and operating within the U.S. Medium-term corporate notes shall be rated in a rating category "A" or its equivalent or better by a na tionally recognized rating service. Further restrictions are a maximum te rm of five years to maturity and total investments in Medium Term Corporate Notes may not exceed 30 percent of the City's surplus money.

10. Insured/Collateralized Savings accounts. Deposits in FDIC insured financial institutions located in California including, but not limited to, demand deposit accounts, savings accounts, market rate accounts, negotiable order of withdrawal accounts, and non-negotiable certificates of deposits are required to be collateralized as specified under Government Code. Collateral may be wa ived for any portion that is covered by federal deposit insurance. The amount on deposit shall not exceed the shareholder’s equity of any depository bank, nor shall the deposit exceed the total net worth of any institution. In addition, the fi nancial institution must have received a minimum overall satisfactory rating for meeting the needs of California Communities in its most recent evaluation under the Community Reinvestment Act.

11. FDIC insured or fully collateralize d time certificates of deposit. Purchases of time certificates of deposit in combination with negotiable certificates of deposit may not exceed 30 percent of the City’s investment portfolio. For deposits exceeding $250,000 the City require that financial institution collateralize at 110%.

12. Negotiable certificates of deposit or deposit notes issued by a nationally or state- chartered bank or a state or fe deral savings and loan association or by a state or federal credit union or by a state-licensed branch of a foreign bank.

The City Council and the treasurer or other official of th e City having legal custody of the money are prohibited from investing the City’s funds, or funds in the custody of the City, in negotiable certificates of deposit i ssued by a state or fe deral credit union if a member of the City Council of the City of Livermore or any person with investment decision making authority in the City Mana ger’s office, or administrative service department, or the City’s treasurer’s office also serves on the board of directors, or any committee appointed by the board of directors, or the credit committee or the supervisory committee of the state or federal credit uni on issuing the negotiabl e certificates of deposits.

Purchase of time certi ficates of deposit in combination with negotiable certificates of deposit may not exceed 30 percent of the City’s investment portfolio.

ATTACHMENT 1
444

7 | Page

13. State of California's Local Agen cy Investment Fund (LAIF). Investment in LAIF may not exceed the legally authorized limits.

14. Other JPA Investments (Shares of benefici al interest issued by a joint powers authority organized pursuant to Section 6509.7. These investments are similar to LAIF above in they are short-term liquidity investments.

14.15. A mortgage passthrough security, collateralized mortgage obligation, mortgage- backed or other pay-through bond, equi pment lease-backed certificate, consumer receivable passthrough certificate, or consumer receivable-backed bond. Securities eligible for investment under this subdivision shall be rated in a rating category of “AA” or its equivalent or better by an NRSRO and have a maximum remaining maturity of five years or less. Purchase of securities authorized by this subdivision sha ll not exceed 20 percent of the agency's surplus moneys that may be invested pursuant to this section.

15.16. Mutual Funds (Shares of beneficial interest issued by diversified management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C.

Sec. 80a-1, et seq.)) . The Mutual Fund must be restri cted by its bylaws to the same investments as the local agency by the Government Code. These investments are Treasury issues, Federal Agency issues, State of California and City (within California) debt obligations, Bankers Acceptances, Comm ercial Paper, Certificates of Deposit, Negotiable Certificates of Deposit, Repurchase Agreements, Reverse Repurchase Agreements, Financial Futures and Financ ial Options and Medium Term Corporate Notes. The quality rating and percentage restrictions in each investment category applicable to the local agency also apply to the Mutual Fund. Shares of beneficial interest issued by diversified management companies that are money market funds registered with the Securities and Exchange Commissi on under the Investment Company Act of 1940. To be eligible for invest ment pursuant to this subdivision these companies shall either: (A) have attained the highest ranki ng or the highest letter and numerical rating provided by not less than two nationally recognized statistical rating organizations or (B) have an investment advisor registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience managing money market mutual funds and with assets under management in excess of $500,000,000.

A further restriction is that the purchase price of shares of the mutual funds shall not include any sales commission. Investments in mutual funds shall not exceed 20 percent of the local agency's surplus money. In addition, no more than 10 percent of the agency’s funds may be invested in shares of beneficial interest of any one Mutual fund.

If the Government Code is amended to allow additional investments or is changed regarding the limits on certain categories, the City is authorized to conform to the changes in the revised Code, provided that the changes are not specifically prohibited by the City's policy. These changes will presented in the annual review of the policy and will be incorporated into the policy at that time.

ATTACHMENT 1
445

8 | Page

IX. COLLATERALIZATION

California Government Code Sections 53651 thr ough 53667 requires depositories to post certain types and levels of collateral for public funds above the Federal Deposit Insurance Corporation (FDIC) insurance amounts. The collateral requir ements apply to bank deposits, both active (checking and savings accounts) and inactive (non-negotiable time certificates of deposit).

Collateralization will also be required on two other types of investments: certificates of deposit and repurchase (and reverse) agreements. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be 110% of market value of principal and accrued interest for government securities, or 150% for first trust deeds. Collateral will be held by the independent third-party custodian selected by the City. The right of collateral substitution is granted.

X. SAFEKEEPING AND CUSTODY

Securities transactions, including collateral for repurchase agreem ents, shall be executed on a delivery vs. payment (DVP) basis. Funds are not wire-transferred until securities are delivered into safekeeping with the City's third-party cust odian. The custodial relati onship is subject to an agreement for services which may be separate from the agreement for other banking services. The safekeeping requirement does not apply to L.A.I.F., purchase of mutual funds or securities which are physically delivered to the City.

XI. MAXIMUM MATURITIES

To the extent possible, the City will attempt to match its investments w ith anticipated cash flow requirements. No investment, except the bonds issued by the City of Livermore or by the Successor Agency to the former Redevelopment Agency of the City of Livermore, shall be made in any security, which has a term remaining to maturity in excess of five years at the time of the investment. Investments in the bonds issued by the Successor Agency to the former Redevelopment Agency of the City of Livermore or by the City of Live rmore including Special Assessment District Improvement Bonds may have maturities exceeding five years for which no further City Council approval is required. The City Council may grant express authority to exceed this term for all other individual investments.

XII. INTERNAL CONTROL

The Director of Administrative Services shall es tablish a system of internal controls. These controls shall be designed to prevent losses of public funds arising from fraud, employee error, misrepresentation by third parties, unanticipated changes in fina ncial markets, or imprudent actions by employees and officers of the City.

ATTACHMENT 1
446

9 | Page

XIII. REPORTS OF INVESTMENT ACTIVITIES

The Director of Administrative Services will ma ke a monthly report to th e City Council on the status of the City's Investment portfolio. These reports shall include information as to the type of investment, the amount of money in vested with various institutions, market value for securities with a maturity of more than 12 months, purchase and maturity dates, rate of interest, and statement of portfolio liquidity.

XIV. ADOPTION

The investment policy shall be adopted by resolution of the City Council of the City of Livermore.

The policy shall be reviewed on an annual basis by the Director of Administrative Services to ensure its consistency with the overall investment objectives and relevance to current law, financial and economic trends, and cash flows needs of the City. Any modifications to the policy shall be approved by the City Council.

ATTACHMENT 1
447

10 | Page

APPENDIX A – GLOSSARY OF INVESTMENT TERMS

ACTIVE DEPOSITS Demand or checking accounts which receive revenues and pay disbursements.

AGENCIES/FEDERAL AGENCY OBLIGATIONS Securities issued by U.S. Government agencies or quasi-government agencies in orde r to supply cr edit to various classes of institutions or individuals. These issues are guaranteed directly or indirectly by the United States Government. All agency obligations qualify as legal investments and are acceptable as security for public deposits. They usually provide higher yields th an regular Treasury issues and have many of the same advantages. Examples are:

 Federal Farm Credit Bank (FFCB) are notes and bonds used to finance the short and intermediate needs of farmers. They are issued monthly with three- and six-month maturities. The FFCB issues larger issues (one to ten years) on a periodic basis. Interest is calculated on a 360-day, 30-day month basis.
 Federal Home Loan Bank (FHLB) notes and bonds are issued by the FHLB to help finance the housing industry. Th ese securities provide liquid ity and mortgage credit to savings and loan associations, mutual sa vings banks, cooperative banks, insurance companies and mortgage-lending institutions. They are issued irregularly for various maturities. The minimum denomin ation is $5,000. The notes are issued with maturities of less than one year and interest is paid at maturity. The bonds are issued with various maturities and carry semi-annual coupons. Inte rest is calculated on a 360-day, 30-day month basis.
 Federal National Mortgage Association (FNMA) Fannie Maes are used to assist the home mortgage market by purchasing mort gages insured by the Federal Housing Administration and the Farmers Home Administration, as well as those guaranteed by the Veterans Administration. They are issued about four times a year for maturities ranging from a few months to eight years. They are issued in minimum denominations of $10,000.

They carry semi-annual coupons. Interest is computed on a 360-day, 30-day month basis.  Federal Home Loan Mort gage Corporation (FHLMC) Freddie Mac is a publicly chartered agency that buys qualifying reside ntial mortgages from lenders, packages them into new securities backed by those pooled mortgages, provides certain guarantees, and then resells the securities on the open market.
 Government National Mortgage Association (GNMA) Ginnie Mae is a government owned corporation and an agency of the U.S. Department of Housing and Urban Development. GNMA guarantees, with the full faith and credit of the U.S. Government, full and timely payment of a ll monthly principal and intere st payments on the mortgage- backed pass-through securities of registered holders. The securities, which are issued by private firms such as mortgage bankers and savings institutions, a nd which are typically marketed through security broker/dealers, represent pools of residential mortgages.

ATTACHMENT 1
448

11 | Page

ASKED The price at which securities are offered.

BANKERS ACCEPTANCES short term credit arrangements to enable businesses to obtain funds to finance commercial transactions. They ar e time drafts drawn on a bank by an exporter or importer to obtain funds to pay for speci fic merchandise. By its acceptance, the bank becomes primarily liable for the payment of th e draft at maturity. An acceptance is high grade negotiable instrument. Acceptances are purchased in various denominations for 30 to 180 days. The interest is calculated on a 360 day discount basis similar to Treasury Bills.

BID The price offered for securities.

BONDS ISSUED BY THE LOCAL AGENCY Include both taxable and tax-exempt bonds issued by the City or another municipality or local agency. A possible application for purchasing tax-exempt bonds would be to qualify for an exception from rebate requirements under the Tax Reform Act of 1986.

BOOK VALUE The value at which a debt security is shown on the holder's balance sheet. Book value is acquisition cost less amortization of premium and sometimes plus accretion of discount.

BROKER A broker brings buyers and sellers together fo r a commission paid by the initiator of the transaction or by both sides. In the mone y market, brokers are ac tive in markets in which banks buy and sell money and in interdealer markets.

COLLATERAL Securities, evidence of deposit or othe r property which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies.

COMMERCIAL PAPER A short term unsecured promissory note issued by a corporation to raise working capital. These ne gotiable instruments may be purchased at a discount to par value or interest bearing. Commercial paper is issued by corporations such as Ford Motor Credit Corporation, Amex, General Electric, Bank of America, Wells Fargo Bank, etc.

Local agencies are permitted by state law to invest in commercial paper of "prime" quality of the highest ranking or of the highest letter and numer ical rating as provided by a nationally-recognized credit rating agency.

COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR) is the audited annual financial report of the City prepared in c onformity with GAAP. It has five sections, Introductory, Basic Financial Statements, Notes to Financ ial Statements, Supplemental Information, and Statistical Section. Basic Financial Statements includes government wide financial statements and fund financial statements for governmental and proprietary funds.

ATTACHMENT 1
449

12 | Page

COUPON (1) The annual rate of interest that a bond' s issuer promises to pay the bondholder on the bond's face value. (2) A certificate attached to a bond evidencing interest due.

DEALER A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own account.

DEBENTURES Bonds secured only by the general credit of the issuer.

DELIVERY VS. PAYMENT (DVP) Delivery versus payment is deliv ery of securities with an exchange of money for the securities.

DERIVATIVES Financial products that are dependent for their value on, or derived from, an underlying financial instrument (such as stocks, bonds or foreign currencies), a commodity, or an index representing valu es of groups of such instrume nts or assets. Examples are interest rate swaps, futures, options, and fo rwards. Participants in derivatives markets include dealers and end users (i ncluding financial institutions, commercial firms, mutual funds, pension funds, state and local governments) and entities that use derivatives to hedge financial risks or to speculate. As of January, 1996 California state law prohibits investment in inverse floaters, range notes, interest only strips, or securities resulting in zero interest accrual. Local agencies currently holding any of these securities may retain them until maturity.

DISCOUNT The difference between the cost price of a security and its value at maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be at a discount.

DISCOUNT RATE The discount rate is the interest rate charged to depository institutions when they borrow from their district Federal Reserve banks. The discount rate is typically lower than the federal funds rate. Any change in the discount rate requires a majority vote of the seven Fed governors and must be based on a request from one or more of the Fed's twelve regional reserve banks.

DIVERSIFICATION Dividing investment funds among a variety of securities offering independent returns.

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) A federal agency that insures bank deposits up to $250,000 per depositor.

FEDERAL FUNDS (1) Non-interest bearing deposits held by member banks at the Federal Reserve. (2) Used to denote "immediately available" funds in the clearing sense.

FEDERAL FUNDS RATE The rate of interest at which Fed funds are traded. The federal funds rate is the rate charged on overnight loans between banks. This rate is currently pegged by ATTACHMENT 1
450

13 | Page

the Federal Reserve through open market opera tions. For instance, if the FOMC decides to raise the federal funds rate , it directs the Federal Rese rve Bank of New York to sell government securities on the Fed's behalf. Chan ges in the federal funds rate may be done without changing the discount rate.

FEDERAL OPEN MARKET COMMITTEE (FOMC) Consists of seven members of the Federal Reserve Board and five of the twel ve Federal Reserve Bank Presidents. The Committee normally meets eight times per year to set Fed guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money.

FEDERAL RESERVE SYSTEM The central bank of the U.S. created by Congress consists of a seven member Board of Governors, 12 regional banks and 5,700 commercial banks that are members. California is in District 12 which encompasses the nine western states.

FINANCIAL FUTURES AND FINANCIAL OPTIONS Are forward contracts for securities and is a type of derivative. The government code states that a local agency may incur future contracts/options in any of the investment securities enumerated in §53601, a- m.

GUARANTEED INVESTMENT CONTRACTS (GICs) An agreement acknowledging receipt of funds for deposit, specifying terms for withdrawal, and guaranteeing a rate of interest to be paid.

FISCAL POLICY Congressional manner of managing taxes and public spending through budget actions, with the goal of full employment and economic growth. Cont rasts with monetary policy through the Fed, used to regulate the economy.

INACTIVE DEPOSITS Certificates of deposit issued in any amount for periods of time as short as fourteen days and as long as severa l years. Interest must be calculated on a 360 day basis, actual number of days.

INTEREST-BEARING ACTIVE DEPOSITS Money market accounts at a financial institution (i.e., bank, savings and loan, credit union). These accounts are demand accounts (i.e., checking accounts) with restricted transaction activity.

LOCAL AGENCY INVESTMENT FUND (L.A.I.F.) is a special fund in the State Treasury created pursuant to Government Code § 16429.1 which local agencies may use to deposit funds for investment. There is no min imum investment pe riod and the minimum transaction is $5,000, in multip les of $1,000 above that, with a maximum of $65 million for any agency. It offers high liquidity because deposits can be converted to cash in twenty four hours and no in terest is lost. All interest is dist ributed to participating agencies on a proportionate share determined by the amounts deposited and the length of time they are ATTACHMENT 1
451

14 | Page

deposited. Interest is credited quarterly.

LIQUIDITY A liquid asset is one that can be converted easily into cash without substantial loss of value. In the money market , a security is liquid if th e spread between bid and asked prices is narrow and reasonable size can be done at those quotes.

MARKET VALUE The price at which a security is trading and could be purchased or sold.

MATURITY The date upon which the principal or stated value of an investment becomes due and payable.

MEDIUM TERM CORPORATE NOTES Unsecured promissory notes issued by a corporation organized and operating in the United States. These are negotiable instruments and are traded in the secondary market. Medi um Term Corporate Notes can be defined as extended maturity commercial paper. Corpor ations use these notes to raise capital.

Examples of issuers are General Electric Credit Corporation, Exxon, Chevron etc.

MONETARY POLICY The way in which the money supply is managed by the Federal Reserve Board. The Fed manipulates the money supply either through open market transactions, member bank reserve requirements, or through changing the discount rate.

MONEY MARKET The market in which short-term debt instruments are issued and traded.

MUTUAL FUNDS are referred to in Government Code § 53601(j) as "shares of beneficial interest issued by diversified management companies". The Mutual Fund must be restricted by its bylaws to the same investments as the lo cal agency by the Government Code. These investments are Treasury issues, Federal Agency issues, State of California and City (within California) debt obligations, Bankers Acceptances, Commercial Paper, Certificates of Deposit, Negotiable Certif icates of Deposit, Repurchase Agreements, Reverse Repurchase Agreements, Financial Futures and Financial Options and Medium Term Corporate Notes. The quality rating and per centage restrictions in each investment category applicable to the local agency also apply to the Mutual Fund.

NEGOTIABLE CERTIFICATES OF DEPOSIT are unsecured obligations of the financial institution. Securities are genera lly issued in bearer form a nd pay interest at maturity.

Although negotiable, a strong secondary market exists only in the NCD's issued by the largest United States banks. These securities generally trade with minimum amounts of $1 million per trade with the average trade in the secondary market of $5 million.

NON-NEGOTIABLE CERTIFICATES OF DEPOSIT are investments for inactive funds issued by banks, savings and loans and credit unions. Inve stments of $250,000 are insured by Federal Deposit Insurance Corp oration (FDIC). Certificates of Deposit can be issued from 14 days to several years in maturity.

ATTACHMENT 1
452

15 | Page

OPEN MARKET OPERATIONS Open market operations are th e Fed's most important and most flexible monetary policy tool. Purchase s of government and certain other securities inject reserves into the bank system and stimulate growth of money and credit; sales of securities have a tightening effect.

PASSBOOK SAVING ACCOUNTS Similar to inactive deposits except they are not for a fixed term. The interest rate is typically lower than for CDs.

PORTFOLIO Collection of securities held by an investor.

PREMIUM (1) The amount by which the trading price of an issue exceeds the issue's par value. (2) The amount that must be paid in excess of pay to call or refund an issue before maturity. (3) In money markets, the fact that a particular bank's CDs trade at a rate higher than others of its class, or that a bank has to pay up to acquire funds.

PRIMARY DEALER A group of government securities dealer s that submit daily reports of market activity and positions to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include SEC register ed securities broker-dealers, banks, and a few unregulated firms.

PRIME RATE The rate at which banks lend to their best or prime customers. The all-in cost of a bank loan to a prime credit equals the prim e rate plus the cost of holding compensating balances.

QUALIFIED PUBLIC DEPOSITORIES A financial institution which does not claim exemption from the payment of any sales or compensating use or ad valorem taxes under the laws of the State of California, which has segregated for the commission eligible collateral having a value of not less than its maximum liability and which has been approved by the Public Deposit Protection Commission to hold public deposits.

RATE OF RETURN The yield obtainable on a security based on its purchase price or its current market price. This may be the amortized yield to maturity on a bond or the current income return.

REPURCHASE AGREEMENTS Short term investment transa ctions. Banks buy temporarily idle funds from a customer by selling him U.S. Government or other securities with a contractual agreement to repurchase the same securities on a future date. Repurchase agreements are typically for one to ten days in maturity. The customer receives interest from the bank. The interest rate reflects both the prevailing demand for Federal Funds and the maturity of the repo.

ATTACHMENT 1
453

16 | Page

REVERSE REPURCHASE AGREEMENTS Are mirror image of a repurchase agreement. In exchange for using the local agency's securities as collateral, a dealer makes cash available to purchase additional securities at a highe r rate. Such arbitrage book can generate incremental income by profiting from the difference in interest rates.

RISK Degree of uncertainty of return on an asset.

SAFEKEEPING A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank's vaults for protection.

SECONDARY MARKET A market made for the purchase and sale of out standing issues following the initial distribution.

SEC RULE 15C3-1 See uniform net capital rule.

SECURITIES & EXCHANGE COMMISSION (SEC) Agency created by Congress to protect investors in securities transactions by administering securities legislation.

SETTLEMENT DATE The date on which a trade is cleare d by delivery of securities against funds. The settlement date may be the trade date or a later date.

SHARES OF BENEFICIAL INTEREST are issued by diversifie d management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940. See also Mutual Funds.

YIELD The rate of annual income return on an investment, expressed as a percentage. (1) Income yield is obtained by dividing the current dollar income by the current market price for the security. (2) Yield to maturity or net yield is the current income yield minus any premium or plus any discount, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond.

UNIFORM NET CAPITAL RULE SEC requirement that member firms as well as nonmember broker-dealers in securities maintain a maximum ratio of indebtedness to liquid capital of 15:1; also called net capital rule and net capital ratio.

U.S. TREASURY ISSUES are direct obligations of the United States Government. These issues are as follows:
 Treasury Bills are issued weekly with maturity dates from 13 weeks up to one year. They are issued and traded on a discount basis and are also known as discount securities. Interest is computed on a 360-day basis, actual number of days. They are issued in amounts of $10,000 and up in multiples of $5,000 and are a highly liquid security.

ATTACHMENT 1
454

17 | Page

 Treasury Notes are initially issued with 2 to 10 year maturities. They are actively traded in the secondary market and are very liquid. The Treasury may issue notes with a minimum of $1,000, however, $5,000 is more common.
 Treasury Bonds are long-term securities having initial maturities of more than 10 years.

ATTACHMENT 1
455
RESOLUTION NO. ___________

IN THE CITY COUNCIL OF THE CITY OF LIVERMORE, CALIFORNIA A RESOLUTION ADOPTING THE CITY OF LIVERMORE’S UPDATED INVESTMENT

POLICY AND DELEGATING INVESTMENT AUTHORITY TO THE CITY TREASURER On April 25, 2022, the City Council adopted Resolution No. 2022-062 determining that the person serving as the Administrative Services Director shall also serve as the City of Livermore (“City”) Treasurer and appointing the person holding the title of Administrative Services Director for the City of Livermore to serve as the City Treasurer.

Section 2.28.020 of the Livermore Municipal Code vests the Administrative Services Department with authority to deposit and invest funds of the City treasury in accordance with state law and the City’s investment policy.

The State of California gives the City Council, in its capacity as legislative body of the City and its related entities, the ability to delegate the investment authority to the City Treasurer (acting in the capacities of City Treasurer and treasurer of the City's related entities) for a one-year period in accordance with Section 53607 of the California Government Code.

The delegation of investment authority and responsibility from the City Council to the Administrative Services Director and City Treasurer will allow the Administrative Services Department to continue the prudent investment of the City’s pooled treasury funds and the effective and efficient support of the City’s efforts to meet its cash flow needs.

On June 10, 2024, the Administrative Services Director prepared and submitted to the City Council for its review, an updated City of Livermore Investment Policy, which incorporates changes conforming its language to existing statutory requirements.

NOW, THEREFORE, BE IT RESOLVEDby the City Council of the City of Livermore that it hereby approves the City of Livermore Investment Policy, attached hereto as Exhibit A.

BE IT FURTHER RESOLVED by the City Council of the City of Livermore that it hereby delegates pursuant to Government Code section 53607 the authority to invest the City’s pooled treasury funds in accordance with the Investment Policy to the Administrative Services Director in her capacity as the City Treasurer for a period of twelve (12) months.

On motion of Council Member _________________________, seconded by Council Member _________________________, the foregoing resolution was passed and adopted on June 10, 2024, by the following vote:
456
RESOLUTION NO. ___________
AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ATTEST: APPROVED AS TO FORM:
_________________________ /s/ Jason R. Alcala___________ Deborah L. Elam Jason R. Alcala
Acting City Clerk City Attorney
Exhibit A – Investment Policy
457

INVESTMENT POLICY
Adopted: June 10, 2024
Prepared By:

Administra
tive Services Department

EXHIBIT A
458

TABLE OF CONTENTS

Page
Section I Policy Introduction ......................................................................................... 1 Section II Scope .............................................................................................................. 1 Section III Prudence ......................................................................................................... 1 Section IV Investment Objectives .................................................................................... 2 Section V Authority to Invest Monies ............................................................................ 2 Section VI Ethics and Conflicts of Interest ...................................................................... 2 Section VII Authorized Financ ial Dealers & Institutions .................................................. 3 Section VIII Authorized and Suitable Investments ............................................................ 3 Section IX Collateralization ............................................................................................ 8 Section X Safekeeping and Custody .............................................................................. 8 Section XI Maximu m Maturities ..................................................................................... 8 Section XII Internal Control ............................................................................................. 8 Section XIII Reports of Investment Activities ................................................................... 9 Section XIV
Adoption ......................................................................................................... 9 Appendix A Glossary of Investment Terms ..................................................................... 10

EXHIBIT A
459

1 | Page

I. POLICY INTRODUCTION

Monies not required for immediat e expenditure by the City of Li vermore shall be invested in compliance with governing provisions of law and this policy. The City will maintain adequate cash availability and strive for a yield on inve sted idle funds which is commensurate with the objectives of safety of principal and liquidity.

II. SCOPE

This investment policy applies to all financial assets under direct control of the City of Livermore.

These funds are accounted for in the City's Annual Comprehensive Financial Report (ACFR) and include the General Fund, Special Revenue F unds, Capital Project Funds, Enterprise Funds, Internal Service Funds, certain Trust and Agency Funds, and other funds that may be created from time to time.

This policy does not apply to investment activities of moneys held by a section 115 Trust for pension or other retirement benefits (OPEB). The City opened a combo 115 Trust in December of 2023 for both pension and OPEB benefits. Those funds are held by a truste e or fiscal agent and follow different guidelines for allowable investments for assets held in 115 Trusts due to their longer investment timeframe.

This policy does not apply to investment activities of moneys held by a trustee or fiscal agent and pledged to the payment or security of bonds or other indebtedness, or obligations under a lease, installment sale, or certificates of participation. Such funds are invested in accordance with the statutory provisions governing the issuance, or if there are no specific statutory provisions in accordance with the ordinance, resolution, indentur e, or agreement of the City providing for the issuance. These funds are identified in the Bala nce Sheet/Statement of Net Position and in the notes to the Financial Statements of the City’s Annual Comprehensive Financial Report as “Cash and Investments with Trustee”.

III. PRUDENCE

The City adheres to the guidance provided by the "prudent investor standard," which obligates a trustee acting as a fiduciary to ensure that when investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall ac t with care, skill, prudence, and diligence under the circumst ances then prevailing, includ ing, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims , to safeguard the principal and maintain the liquidity needs of the agency. Exercise of prudence considers the probable safety of capital as well as the probable income to be derived.

This standard of prudence shall be applied in the context of managing an overall portfolio.

Investment officials acting in accordance with written procedures and the investment policy and exercising due diligence shall be relieved of personal res ponsibility for an individual security's credit risk or mark et price changes, provided that deviations from expectation are reported in a timely fashion, and appropriate action is taken to control adverse developments.

EXHIBIT A
460

2 | Page

IV. INVESTMENT OBJECTIVES

The primary objectives, in priority order, of the City of Livermore's investment activities shall be:

 Safety of principal is the primary objec tive of the investment program.

Investments of the C ity of Livermore shal l be undertaken in a manner that seeks to ensure that capital losses are avoided, whether they be from credit risk or market risk. To attain this objective, the portfolio will be diversified to avoid incurring unreasonable and avoidable ri sks associated with conc entrating investments in specific security types, maturity segments, or in individual financial institutions.

 Liquidity of the portfolio guarantees the City's ability to meet all operating requirements which might reasonably be anticipated.

 Return on Investment. The City of Livermore's investment portfolio shall be designed with the objective of attaini ng a market rate of return throughout budgetary and economic cycles, taking into account the City's investment risk constraints and the cash flow characteristics of the portfolio.

V. AUTHORITY TO INVEST MONIES

Pursuant to Chapter 2.28 of the Livermore M unicipal Code, the Director of Administrative Services is authorized to assume and perform al l municipal functions relating to investments of the City subject to the annual delegation of investment authority from the City Council to the City Treasurer pursuant to Government Code section 53607. The Director of Administrative Services serves as the City Treasurer pursuan t to the City of Livermore Resolution No. 2022- 062.

The Director of Administrative Services shall establish written procedures for the operation of the investment program consistent w ith this policy. The City Treasurer/Director of Administrative Services may delegate the aut hority to conduct investment tr ansactions and to manage the operation of the investment portfolio to other spec ifically authorized staff members. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Director of Administrative Services.

VI. ETHICS AND CONFLICTS OF INTEREST

Officers and employees involved in the investment process shal l refrain from pe rsonal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment deci sions. Investment officials shall disclose any material financial interests in financial institutions that conduc t business within the City and they shall further disclose any material personal financial or investment positions that could be related to the performance of the City's portfo lio. All persons authorized to place or approve investments shall report annually on Form 700 of the California Fair Political Practices Commission all required economic interests for that year.

EXHIBIT A
461

3 | Page

VII. AUTHORIZED FINANCIAL DEALERS & INSTITUTIONS

In order to provide for the optimum yield in the investment of the City funds, the City's investment procedures shall be designed to encourage competitive bidding on transactions from approved financial dealers and institutions. Selection of fina ncial institutions and broker/dealers authorized to engage in transactions with the City shall be at the sole discretion of the City, or the City’s designated investment adviser.

Only authorized financial deal ers and institutions de fined under California Government Code Section 53601.5 shall be allowed to conduct business with the City. Authoriz ed financial dealers and institutions defined under California Govern ment Code Section 53601.5 shall be defined as one of the following:

(i) Direct issuers of securities, or
(ii) An institution licensed by the State of California as a broker-dealer, as defined in Section 25004 of the California Corporations Code, or
(iii) A member of a federally regulated securities exchange, or (iv) A national or state-chartered bank, a savings association or federal association, or (v) A brokerage firm designated as a primary government dealer by the Federal Reserve Bank.

No public deposit shall be made except in a qualified public depository as established by state laws.

SEC Registered Investment Advisers, authorized to provide investment services to the City, shall utilize broker-dealers who are duly licensed and authorized to provi de investment services in the State of California.

The firms and individuals, providing investment services to the City, must be knowledgeable and experienced in public agency investing, institutional trading practices and the California Government Code as related to investments. In addition, anyone providing financial services to the City must adhere to the investment policies of the City of Livermor e as adopted by the City Council. The broker/dealer firms s hould have the ability to meet all of their financial obligations in dealing with the City.

Any party directly executing investment transactions on behalf of the City shall sign a copy of this investment policy acknowledging comprehension and receipt.

VIII. AUTHORIZED AND SUITABLE INVESTMENTS

The City shall be governed by Government Code § 53600 et seq. The City's investment portfolio may include the instruments listed below, subjec t to the specific provisions of the Government Code, with any more restrictive credit rating minimums mentioned below.

1. U.S. Treasury obligations for which the full faith and credit of the United States are pledged for the payment of principal and interest. Up to 100 perc ent of the City’s investment portfolio may be invested in government obligations.

2. Federal agency or United States govern ment-sponsored enterprise obligations , participations, or other instrume nts, including those issued by or fully guaranteed as to principal and interest by federal agenci es or United States government-sponsored enterprises. This shall include any mortgage pass through security issued and guaranteed

EXHIBIT A
462

4 | Page

by a Federal Agency with a maximum final maturity of five years. There is no limit to that amount of the City’s portfolio that may be invested in Fe deral Agency or GSE securities.

3. State of California and Local Agency Obligations. (1) Obligations of the State of California or any local agency within the state, including bonds payable solely out of revenues from a revenue producing property owne d, controlled or operated by the state or any local agency or by a de partment, board, agency or au thority of the state or any local agency with a final maturity not exc eeding five years from the date of trade settlement; (2) Obligations of the City of Livermore and the Successor Agency to the former Redevelopment Agency of the City of Livermore, including tax allocation bonds; and (3) Special Assessment District Improvement Bonds issued by the City of Livermore related to special assessment districts. Such obligations must be rated at least “A-1”, or the equivalent, short-term; or “A” or the equivalent, long-term by a NRSRO at the time of trade settlement. Unrated securities are acceptable if the underlying issuer meets the “A” credit rating criteria. Up to 100 percent of the City’s investment portfolio may be invested in California municipal obligations.

4. Registered treasury notes or bonds of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of these states. Such obligations must have a final maturity not exceeding five years from the date of tr ade settlement, and rated at le ast “A-1”, or the equivalent, short-term; or “A”, or the equivalent, long-term by a NRSRO at the time of trade settlement. Unrated securities are acceptable if the underlying issuer meets the “A” credit rating criteria.

5. Supranationals. United States dollar denominated senior unsecure d unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank, with a final maturity not exceeding five years from the trade settlement, and eligible for purchase and sale within the United States. Supranationals shall be rated at least “AA” or the equivalent by a NRSRO at the time of purchase. The aggregate investment in supranationals shall not exceed 30% of the City’s total portfolio.

6. Repurchase Agreements and Reverse Repurchase Agreements used solely as short- term investments not to exceed 30 days. Up to 20 percent of the City’s investment portfolio may be invested in repurchase and reverse purchase agreements.

A. Repurchase agreements will be entered into subject to a Master Repurchase Agreement between the dealer and the City. The term of the agreement may not exceed one year. In addition, the market value of the securities that underlay a repurchase agreement must be valued at 102 percent or greater of the funds borrowed against those securities at the time of purchase and the value must be adjusted not less than quarterly. Sin ce the market value of the underlying securities is subject to daily market fluctuations, the investments in repurchase agreements shall be in compliance if th e value of the underlying securities is brought back to 102 percent no later than the next business day.

B. Reverse repurchase agreement s or securities lending agreements may be

EXHIBIT A
463

5 | Page

utilized only when all of the following conditions are met:

a. The security to be sold using a reve rse repurchase agreement or securities lending agreement has been owned and fully paid for by the City for a minimum of 30 days prior to sale.
b. The total of all reverse repurchase agreements and securities lending agreement on investments owned by the City does not exceed 20 percent of the base value of the portfolio.
c. The term does not exceed a term of 92 days, unless the agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement or securities lending agreement and final maturity date of the same security. d. Funds obtained or funds within the pool of an equivalent amount to that obtained from selling a security to a counterparty using a reverse repurchase agreement or securities lending agreem ent shall not be used to purchase another security with a maturity longer than 92 days from the initial settlement date of the reverse repu rchase agreement or securities lending agreement, unless the reverse repurchase agreement or securities lending agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement or securities lending agreement and the final maturity date of the same security.

7. Bankers' Acceptances , otherwise known as bills of exch ange or time drafts that are drawn on and accepted by a commercial bank. Pu rchases of Banker's Acceptances may not exceed 180 days maturity or 40 percent of the City’s investment portfolio. However, no more than thirty percent of the agency’s money may be invested in bankers’ acceptance of any one commercial bank.

8. Commercial paper of “prime” quality of the highest ranking or of the highest letter and number rating as provided for by a nationally re cognized statistical-rating organization (NRSRO). The entity that issues the commerc ial paper shall meet all of the following conditions in either paragraph (A) or paragraph (B):

A. The entity meets the following criteria: (a) Is organized a nd operating in the United States as a general corporation; (b) Has total assets in excess of five hundred million dollars ($500,000,000); (c) Has debt other than commercial paper, if any, that is ra ted “A” or higher by a nati onally recognized statistical- rating organization (NRSRO).

B. The entity meets the following criteria: (a) Is organized within the United States as a special purpose corporation, trust, or limited liability company; (b) Has program wide credit enhancements including, but not limited to, over collateralizations, letters of credit, or surety bond; (c) Has commercial paper that is rated “A-1” or higher, or the equivalent, by a nationally recognized statistical- rating organization (NRSRO).

EXHIBIT A
464

6 | Page

Purchases of eligible commercial paper may not exceed 270 days maturity nor exceed 25 percent of the City's surplus funds. In addi tion, no more than 10 percent of the City’s total portfolio may be invested in any one issuer of commercial paper.

9. Medium-term corporate notes issued by corporations orga nized and operating within the United States or by depository institutions licensed by the U.S. or any state and operating within the U.S. Medium-term corporate notes shall be rated in a rating category "A" or its equivalent or better by a na tionally recognized rating service. Further restrictions are a maximum te rm of five years to maturity and total investments in Medium Term Corporate Notes may not exceed 30 percent of the City's surplus money.

10. Insured/Collateralized Savings accounts. Deposits in FDIC insured financial institutions located in California including, but not limited to, demand deposit accounts, savings accounts, market rate accounts, negotiable order of withdrawal accounts, and non-negotiable certificates of deposits are required to be collateralized as specified under Government Code. Collateral may be wa ived for any portion that is covered by federal deposit insurance. The amount on deposit shall not exceed the shareholder’s equity of any depository bank, nor shall the deposit exceed the total net worth of any institution. In addition, the fi nancial institution must have received a minimum overall satisfactory rating for meeting the needs of California Communities in its most recent evaluation under the Community Reinvestment Act.

11. FDIC insured or fully collateralize d time certificates of deposit. Purchases of time certificates of deposit in combination with negotiable certificates of deposit may not exceed 30 percent of the City’s investment portfolio. For deposits exceeding $250,000 the City require that financial institution collateralize at 110%.

12. Negotiable certificates of deposit or deposit notes issued by a nationally or state- chartered bank or a state or fe deral savings and loan association or by a state or federal credit union or by a state-licensed branch of a foreign bank.

The City Council and the treasurer or other official of th e City having legal custody of the money are prohibited from investing the City’s funds, or funds in the custody of the City, in negotiable certificates of deposit i ssued by a state or fe deral credit union if a member of the City Council of the City of Livermore or any person with investment decision making authority in the City Mana ger’s office, or administrative service department, or the City’s treasurer’s office also serves on the board of directors, or any committee appointed by the board of directors, or the credit committee or the supervisory committee of the state or federal credit uni on issuing the negotiabl e certificates of deposits.

Purchase of time certi ficates of deposit in combination with negotiable certificates of deposit may not exceed 30 percent of the City’s investment portfolio.

EXHIBIT A
465

7 | Page

13. State of California's Local Agen cy Investment Fund (LAIF). Investment in LAIF may not exceed the legally authorized limits.

14. Other JPA Investments (Shares of benefici al interest issued by a joint powers authority organized pursuant to Section 6509.7. These investments are similar to LAIF above in they are short-term liquidity investments.

15. A mortgage passthrough security, collateralized mortgage obligation, mortgage-backed or other pay-through bond, equipment lease- backed certificate, consumer receivable passthrough certificate, or consumer receivable-backed bond. Securities eligible for investment under this subdivision shall be rated in a rating category of “AA” or its equivalent or better by an NRSRO and have a maximum remaining maturity of five years or less. Purchase of securities authorized by this subdivision shall not exceed 20 percent of the agency's surplus moneys that may be invested pursuant to this section.

16. Mutual Funds (Shares of beneficial inte rest issued by diversified management companies that are money market funds registered wi th the Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. Sec. 80a-1, et seq.)) . The Mutual Fund must be restri cted by its bylaws to the same investments as the local agency by the Government Code. These investments are Treasury issues, Federal Agency issues, State of California and City (within California) debt obligations, Bankers Acceptances, Comm ercial Paper, Certificates of Deposit, Negotiable Certificates of Deposit, Repurchase Agreements, Reverse Repurchase Agreements, Financial Futures and Financ ial Options and Medium Term Corporate Notes. The quality rating and percentage restrictions in each investment category applicable to the local agency also apply to the Mutual Fund. Shares of beneficial interest issued by diversified management companies that are money market funds registered with the Securities and Exchange Commissi on under the Investment Company Act of 1940. To be eligible for invest ment pursuant to this subdivision these companies shall either: (A) have attained the highest ranki ng or the highest letter and numerical rating provided by not less than two nationally recognized statistical rating organizations or (B) have an investment advisor registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience managing money market mutual funds and with assets under management in excess of $500,000,000.

A further restriction is that the purchase price of shares of the mutual funds shall not include any sales commission. Investments in mutual funds shall not exceed 20 percent of the local agency's surplus money. In addition, no more than 10 percent of the agency’s funds may be invested in shares of beneficial interest of any one Mutual fund.

If the Government Code is amended to allow additional investments or is changed regarding the limits on certain categories, the City is authorized to conform to the changes in the revised Code, provided that the changes are not specifically prohibited by the City's policy. These changes will presented in the annual review of the policy and will be incorporated into the policy at that time.

EXHIBIT A
466

8 | Page

IX. COLLATERALIZATION

California Government Code Sections 53651 thr ough 53667 requires depositories to post certain types and levels of collateral for public funds above the Federal Deposit Insurance Corporation (FDIC) insurance amounts. The collateral requir ements apply to bank deposits, both active (checking and savings accounts) and inactive (non-negotiable time certificates of deposit).

Collateralization will also be required on two other types of investments: certificates of deposit and repurchase (and reverse) agreements. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be 110% of market value of principal and accrued interest for government securities, or 150% for first trust deeds. Collateral will be held by the independent third-party custodian selected by the City. The right of collateral substitution is granted.

X. SAFEKEEPING AND CUSTODY

Securities transactions, including collateral for repurchase agreem ents, shall be executed on a delivery vs. payment (DVP) basis. Funds are not wire-transferred until securities are delivered into safekeeping with the City's third-party cust odian. The custodial relati onship is subject to an agreement for services which may be separate from the agreement for other banking services. The safekeeping requirement does not apply to L.A.I.F., purchase of mutual funds or securities which are physically delivered to the City.

XI. MAXIMUM MATURITIES

To the extent possible, the City will attempt to match its investments w ith anticipated cash flow requirements. No investment, except the bonds issued by the City of Livermore or by the Successor Agency to the former Redevelopment Agency of the City of Livermore, shall be made in any security, which has a term remaining to maturity in excess of five years at the time of the investment. Investments in the bonds issued by the Successor Agency to the former Redevelopment Agency of the City of Livermore or by the City of Live rmore including Special Assessment District Improvement Bonds may have maturities exceeding five years for which no further City Council approval is required. The City Council may grant express authority to exceed this term for all other individual investments.

XII. INTERNAL CONTROL

The Director of Administrative Services shall es tablish a system of internal controls. These controls shall be designed to prevent losses of public funds arising from fraud, employee error, misrepresentation by third parties, unanticipated changes in fina ncial markets, or imprudent actions by employees and officers of the City.

EXHIBIT A
467

9 | Page

XIII. REPORTS OF INVESTMENT ACTIVITIES

The Director of Administrative Services will ma ke a monthly report to th e City Council on the status of the City's Investment portfolio. These reports shall include information as to the type of investment, the amount of money in vested with various institutions, market value for securities with a maturity of more than 12 months, purchase and maturity dates, rate of interest, and statement of portfolio liquidity.

XIV. ADOPTION

The investment policy shall be adopted by resolution of the City Council of the City of Livermore.

The policy shall be reviewed on an annual basis by the Director of Administrative Services to ensure its consistency with the overall investment objectives and relevance to current law, financial and economic trends, and cash flows needs of the City. Any modifications to the policy shall be approved by the City Council.

EXHIBIT A
468

10 | Page

APPENDIX A – GLOSSARY OF INVESTMENT TERMS

ACTIVE DEPOSITS Demand or checking accounts which receive revenues and pay disbursements.

AGENCIES/FEDERAL AGENCY OBLIGATIONS Securities issued by U.S. Government agencies or quasi-government agencies in orde r to supply cr edit to various classes of institutions or individuals. These issues are guaranteed directly or indirectly by the United States Government. All agency obligations qualify as legal investments and are acceptable as security for public deposits. They usually provide higher yields th an regular Treasury issues and have many of the same advantages. Examples are:

 Federal Farm Credit Bank (FFCB) are notes and bonds used to finance the short and intermediate needs of farmers. They are issued monthly with three- and six-month maturities. The FFCB issues larger issues (one to ten years) on a periodic basis. Interest is calculated on a 360-day, 30-day month basis.
 Federal Home Loan Bank (FHLB) notes and bonds are issued by the FHLB to help finance the housing industry. Th ese securities provide liquid ity and mortgage credit to savings and loan associations, mutual sa vings banks, cooperative banks, insurance companies and mortgage-lending institutions. They are issued irregularly for various maturities. The minimum denomin ation is $5,000. The notes are issued with maturities of less than one year and interest is paid at maturity. The bonds are issued with various maturities and carry semi-annual coupons. Inte rest is calculated on a 360-day, 30-day month basis.
 Federal National Mortgage Association (FNMA) Fannie Maes are used to assist the home mortgage market by purchasing mort gages insured by the Federal Housing Administration and the Farmers Home Administration, as well as those guaranteed by the Veterans Administration. They are issued about four times a year for maturities ranging from a few months to eight years. They are issued in minimum denominations of $10,000.

They carry semi-annual coupons. Interest is computed on a 360-day, 30-day month basis.  Federal Home Loan Mort gage Corporation (FHLMC) Freddie Mac is a publicly chartered agency that buys qualifying reside ntial mortgages from lenders, packages them into new securities backed by those pooled mortgages, provides certain guarantees, and then resells the securities on the open market.
 Government National Mortgage Association (GNMA) Ginnie Mae is a government owned corporation and an agency of the U.S. Department of Housing and Urban Development. GNMA guarantees, with the full faith and credit of the U.S. Government, full and timely payment of a ll monthly principal and intere st payments on the mortgage- backed pass-through securities of registered holders. The securities, which are issued by private firms such as mortgage bankers and savings institutions, a nd which are typically marketed through security broker/dealers, represent pools of residential mortgages.

EXHIBIT A
469

11 | Page

ASKED The price at which securities are offered.

BANKERS ACCEPTANCES short term credit arrangements to enable businesses to obtain funds to finance commercial transactions. They ar e time drafts drawn on a bank by an exporter or importer to obtain funds to pay for speci fic merchandise. By its acceptance, the bank becomes primarily liable for the payment of th e draft at maturity. An acceptance is high grade negotiable instrument. Acceptances are purchased in various denominations for 30 to 180 days. The interest is calculated on a 360 day discount basis similar to Treasury Bills.

BID The price offered for securities.

BONDS ISSUED BY THE LOCAL AGENCY Include both taxable and tax-exempt bonds issued by the City or another municipality or local agency. A possible application for purchasing tax-exempt bonds would be to qualify for an exception from rebate requirements under the Tax Reform Act of 1986.

BOOK VALUE The value at which a debt security is shown on the holder's balance sheet. Book value is acquisition cost less amortization of premium and sometimes plus accretion of discount.

BROKER A broker brings buyers and sellers together fo r a commission paid by the initiator of the transaction or by both sides. In the mone y market, brokers are ac tive in markets in which banks buy and sell money and in interdealer markets.

COLLATERAL Securities, evidence of deposit or othe r property which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies.

COMMERCIAL PAPER A short term unsecured promissory note issued by a corporation to raise working capital. These ne gotiable instruments may be purchased at a discount to par value or interest bearing. Commercial paper is issued by corporations such as Ford Motor Credit Corporation, Amex, General Electric, Bank of America, Wells Fargo Bank, etc.

Local agencies are permitted by state law to invest in commercial paper of "prime" quality of the highest ranking or of the highest letter and numer ical rating as provided by a nationally-recognized credit rating agency.

COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR) is the audited annual financial report of the City prepared in c onformity with GAAP. It has five sections, Introductory, Basic Financial Statements, Notes to Financ ial Statements, Supplemental Information, and Statistical Section. Basic Financial Statements includes government wide financial statements and fund financial statements for governmental and proprietary funds.

EXHIBIT A
470

12 | Page

COUPON (1) The annual rate of interest that a bond' s issuer promises to pay the bondholder on the bond's face value. (2) A certificate attached to a bond evidencing interest due.

DEALER A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own account.

DEBENTURES Bonds secured only by the general credit of the issuer.

DELIVERY VS. PAYMENT (DVP) Delivery versus payment is deliv ery of securities with an exchange of money for the securities.

DERIVATIVES Financial products that are dependent for their value on, or derived from, an underlying financial instrument (such as stocks, bonds or foreign currencies), a commodity, or an index representing valu es of groups of such instrume nts or assets. Examples are interest rate swaps, futures, options, and fo rwards. Participants in derivatives markets include dealers and end users (i ncluding financial institutions, commercial firms, mutual funds, pension funds, state and local governments) and entities that use derivatives to hedge financial risks or to speculate. As of January, 1996 California state law prohibits investment in inverse floaters, range notes, interest only strips, or securities resulting in zero interest accrual. Local agencies currently holding any of these securities may retain them until maturity.

DISCOUNT The difference between the cost price of a security and its value at maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be at a discount.

DISCOUNT RATE The discount rate is the interest rate charged to depository institutions when they borrow from their district Federal Reserve banks. The discount rate is typically lower than the federal funds rate. Any change in the discount rate requires a majority vote of the seven Fed governors and must be based on a request from one or more of the Fed's twelve regional reserve banks.

DIVERSIFICATION Dividing investment funds among a variety of securities offering independent returns.

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) A federal agency that insures bank deposits up to $250,000 per depositor.

FEDERAL FUNDS (1) Non-interest bearing deposits held by member banks at the Federal Reserve. (2) Used to denote "immediately available" funds in the clearing sense.

FEDERAL FUNDS RATE The rate of interest at which Fed funds are traded. The federal funds rate is the rate charged on overnight loans between banks. This rate is currently pegged by

EXHIBIT A
471

13 | Page

the Federal Reserve through open market opera tions. For instance, if the FOMC decides to raise the federal funds rate , it directs the Federal Rese rve Bank of New York to sell government securities on the Fed's behalf. Chan ges in the federal funds rate may be done without changing the discount rate.

FEDERAL OPEN MARKET COMMITTEE (FOMC) Consists of seven members of the Federal Reserve Board and five of the twel ve Federal Reserve Bank Presidents. The Committee normally meets eight times per year to set Fed guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money.

FEDERAL RESERVE SYSTEM The central bank of the U.S. created by Congress consists of a seven member Board of Governors, 12 regional banks and 5,700 commercial banks that are members. California is in District 12 which encompasses the nine western states.

FINANCIAL FUTURES AND FINANCIAL OPTIONS Are forward contracts for securities and is a type of derivative. The government code states that a local agency may incur future contracts/options in any of the investment securities enumerated in §53601, a- m.

GUARANTEED INVESTMENT CONTRACTS (GICs) An agreement acknowledging receipt of funds for deposit, specifying terms for withdrawal, and guaranteeing a rate of interest to be paid.

FISCAL POLICY Congressional manner of managing taxes and public spending through budget actions, with the goal of full employment and economic growth. Cont rasts with monetary policy through the Fed, used to regulate the economy.

INACTIVE DEPOSITS Certificates of deposit issued in any amount for periods of time as short as fourteen days and as long as severa l years. Interest must be calculated on a 360 day basis, actual number of days.

INTEREST-BEARING ACTIVE DEPOSITS Money market accounts at a financial institution (i.e., bank, savings and loan, credit union). These accounts are demand accounts (i.e., checking accounts) with restricted transaction activity.

LOCAL AGENCY INVESTMENT FUND (L.A.I.F.) is a special fund in the State Treasury created pursuant to Government Code § 16429.1 which local agencies may use to deposit funds for investment. There is no min imum investment pe riod and the minimum transaction is $5,000, in multip les of $1,000 above that, with a maximum of $65 million for any agency. It offers high liquidity because deposits can be converted to cash in twenty four hours and no in terest is lost. All interest is dist ributed to participating agencies on a proportionate share determined by the amounts deposited and the length of time they are

EXHIBIT A
472

14 | Page

deposited. Interest is credited quarterly.

LIQUIDITY A liquid asset is one that can be converted easily into cash without substantial loss of value. In the money market , a security is liquid if th e spread between bid and asked prices is narrow and reasonable size can be done at those quotes.

MARKET VALUE The price at which a security is trading and could be purchased or sold.

MATURITY The date upon which the principal or stated value of an investment becomes due and payable.

MEDIUM TERM CORPORATE NOTES Unsecured promissory notes issued by a corporation organized and operating in the United States. These are negotiable instruments and are traded in the secondary market. Medi um Term Corporate Notes can be defined as extended maturity commercial paper. Corpor ations use these notes to raise capital.

Examples of issuers are General Electric Credit Corporation, Exxon, Chevron etc.

MONETARY POLICY The way in which the money supply is managed by the Federal Reserve Board. The Fed manipulates the money supply either through open market transactions, member bank reserve requirements, or through changing the discount rate.

MONEY MARKET The market in which short-term debt instruments are issued and traded.

MUTUAL FUNDS are referred to in Government Code § 53601(j) as "shares of beneficial interest issued by diversified management companies". The Mutual Fund must be restricted by its bylaws to the same investments as the lo cal agency by the Government Code. These investments are Treasury issues, Federal Agency issues, State of California and City (within California) debt obligations, Bankers Acceptances, Commercial Paper, Certificates of Deposit, Negotiable Certif icates of Deposit, Repurchase Agreements, Reverse Repurchase Agreements, Financial Futures and Financial Options and Medium Term Corporate Notes. The quality rating and per centage restrictions in each investment category applicable to the local agency also apply to the Mutual Fund.

NEGOTIABLE CERTIFICATES OF DEPOSIT are unsecured obligations of the financial institution. Securities are genera lly issued in bearer form a nd pay interest at maturity.

Although negotiable, a strong secondary market exists only in the NCD's issued by the largest United States banks. These securities generally trade with minimum amounts of $1 million per trade with the average trade in the secondary market of $5 million.

NON-NEGOTIABLE CERTIFICATES OF DEPOSIT are investments for inactive funds issued by banks, savings and loans and credit unions. Inve stments of $250,000 are insured by Federal Deposit Insurance Corp oration (FDIC). Certificates of Deposit can be issued from 14 days to several years in maturity.

EXHIBIT A
473

15 | Page

OPEN MARKET OPERATIONS Open market operations are th e Fed's most important and most flexible monetary policy tool. Purchase s of government and certain other securities inject reserves into the bank system and stimulate growth of money and credit; sales of securities have a tightening effect.

PASSBOOK SAVING ACCOUNTS Similar to inactive deposits except they are not for a fixed term. The interest rate is typically lower than for CDs.

PORTFOLIO Collection of securities held by an investor.

PREMIUM (1) The amount by which the trading price of an issue exceeds the issue's par value. (2) The amount that must be paid in excess of pay to call or refund an issue before maturity. (3) In money markets, the fact that a particular bank's CDs trade at a rate higher than others of its class, or that a bank has to pay up to acquire funds.

PRIMARY DEALER A group of government securities dealer s that submit daily reports of market activity and positions to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include SEC register ed securities broker-dealers, banks, and a few unregulated firms.

PRIME RATE The rate at which banks lend to their best or prime customers. The all-in cost of a bank loan to a prime credit equals the prim e rate plus the cost of holding compensating balances.

QUALIFIED PUBLIC DEPOSITORIES A financial institution which does not claim exemption from the payment of any sales or compensating use or ad valorem taxes under the laws of the State of California, which has segregated for the commission eligible collateral having a value of not less than its maximum liability and which has been approved by the Public Deposit Protection Commission to hold public deposits.

RATE OF RETURN The yield obtainable on a security based on its purchase price or its current market price. This may be the amortized yield to maturity on a bond or the current income return.

REPURCHASE AGREEMENTS Short term investment transa ctions. Banks buy temporarily idle funds from a customer by selling him U.S. Government or other securities with a contractual agreement to repurchase the same securities on a future date. Repurchase agreements are typically for one to ten days in maturity. The customer receives interest from the bank. The interest rate reflects both the prevailing demand for Federal Funds and the maturity of the repo.

EXHIBIT A
474

16 | Page

REVERSE REPURCHASE AGREEMENTS Are mirror image of a repurchase agreement. In exchange for using the local agency's securities as collateral, a dealer makes cash available to purchase additional securities at a highe r rate. Such arbitrage book can generate incremental income by profiting from the difference in interest rates.

RISK Degree of uncertainty of return on an asset.

SAFEKEEPING A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank's vaults for protection.

SECONDARY MARKET A market made for the purchase and sale of out standing issues following the initial distribution.

SEC RULE 15C3-1 See uniform net capital rule.

SECURITIES & EXCHANGE COMMISSION (SEC) Agency created by Congress to protect investors in securities transactions by administering securities legislation.

SETTLEMENT DATE The date on which a trade is cleare d by delivery of securities against funds. The settlement date may be the trade date or a later date.

SHARES OF BENEFICIAL INTEREST are issued by diversifie d management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940. See also Mutual Funds.

YIELD The rate of annual income return on an investment, expressed as a percentage. (1) Income yield is obtained by dividing the current dollar income by the current market price for the security. (2) Yield to maturity or net yield is the current income yield minus any premium or plus any discount, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond.

UNIFORM NET CAPITAL RULE SEC requirement that member firms as well as nonmember broker-dealers in securities maintain a maximum ratio of indebtedness to liquid capital of 15:1; also called net capital rule and net capital ratio.

U.S. TREASURY ISSUES are direct obligations of the United States Government. These issues are as follows:
 Treasury Bills are issued weekly with maturity dates from 13 weeks up to one year. They are issued and traded on a discount basis and are also known as discount securities. Interest is computed on a 360-day basis, actual number of days. They are issued in amounts of $10,000 and up in multiples of $5,000 and are a highly liquid security.

EXHIBIT A
475

17 | Page

 Treasury Notes are initially issued with 2 to 10 year maturities. They are actively traded in the secondary market and are very liquid. The Treasury may issue notes with a minimum of $1,000, however, $5,000 is more common.
 Treasury Bonds are long-term securities having initial maturities of more than 10 years.

EXHIBIT A
476

CITY COUNCIL STAFF REPORT
ITEM NO. 5.15

DATE:

June 10, 2024
TO:

Honorable Mayor and City Council
FROM:

Paul Spence, Assistant City Manager
SUBJECT:

Resolution of continued local emergency in response to impacts from a series of severe storm events last year.

RECOMMENDED ACTION

Staff recommends the City Council adopt a resolution of continued local emergency in response to impacts from a series of severe storm events last year.

SUMMARY
On January 10, 2023, the City Council adopted a resolution ratifying the Proclamation of the Director of Emergency Services Concerning the Existence of a Local Emergency (Resolution No. 2023-001) in response to impacts from a series of severe storm events.

On February 27, April 24, June 12, July 24, September 11, October 23, and December 11, 2023, and January 22, 2024, and March 11, 2024, and April 15, 2024 the City Council adopted resolutions of continued local emergency. California Government Code section 8630 directs the City Council to review the need for continuing the local emergency at least once every 60 days.

DISCUSSION
On January 4, 2023, the Executive Department of the State of California issued Executive Order N-2-23 proclaiming a State of Emergency for the Atmospheric River that started on December 27, 2022. On January 10, 2023, the City Council ratified a proclamation by the Emergency Services Director of the existence of a local emergency due to conditions of extreme peril to the safety of persons and property that arose within the City of Livermore caused by a series of severe rainstorms and high wind commencing in December 2022 and continuing through January 2023.

Proclamation 23-01 was ratified, as required, by the City Council within seven days (Resolution No. 2023-001). Once ratified, California Government Code section 8630 directs the City Council to review the need for continuing the local emergency at least once every 60 days. On February 27, 2023, the City Council adopted a resolution of continued local emergency (Resolution No. 2023-06). 477

On March 1, 2023, the Executive Department of the State of California issued a proclamation of State of Emergency due to a severe winter storm event beginning in February 2023 bringing damaging winds and historic precipitation that caused federal and state highways and road closures, and continued to threaten critical infrastructures, power outages, etc.

On March 24, 2023, the Alameda County Director of Emergency Services proclaimed a state of emergency due to conditions of continuing peril that have been presented by winter storms that resumed on February 23, 2023, continuing through March 2023, causing extensive damage and local expenses throughout the County.

On February 27, April 24, June 12, July 24, and September 11, October 23, and December 11, 2023, and on January 22, March 11, and April 15, 2024 the City Council adopted resolutions of continued local emergency (Resolution Nos. 2023-026, and 2023-072, and 2023-111, and 2023-150, and 2023-159, and 2023-187, and 2023-223, and 2024-012, and 2024-031, and 2024-053 respectively).

Staff recommends that the City Council continue the emergency proclamation to reflect the fact that emergency repairs have not been fully implemented and on-going work is required to recover from the damage. Continuing the emergency proclamation allows staff to seek reimbursement of the eligible costs of this work from federal and state agencies through the public assistance program.

Work includes removing sediment and debris from creeks and trails, repairing creek banks that have been washed away, repairing damaged trails, and pedestrian bridge abutments. Staff estimates about 30 damaged sites totaling approximately $9,000,000.

FISCAL AND ADMINISTRATIVE IMPACTS

The continuance of a Local Emergency allows the City to access federal, state and county resources, including potential financial reimbursements.

COMMUNITY PILLAR

1: A Safe Community That Thrives

GOAL

1: Oversee the City's emergency preparedness, management, and response efforts

ATTACHMENTS

1. Resolution

Prepared by: Herbert Cole
Management Analyst

478
Approved by:
____________________________________
Marianna Marysheva
City Manager
Fiscal Review by:
____________________________________
Tina Olson
Administrative Services Director
479
RESOLUTION NO. _______

IN THE CITY COUNCIL OF THE CITY OF LIVERMORE, CALIFORNIA

A RESOLUTION OF CONTINUED LOCAL EMERGENCY
(Severe Storm Events – December 2022 through March 2023) On January 10, 2023, the City Council adopted a resolution, Ratifying the Proclamation of the Director of Emergency Services Concerning the Existence of a Local Emergency (Resolution No. 2023-001). The emergency services proclamation concerns conditions of extreme peril to the safety of persons and property which have arisen within the City of Livermore caused by a series of severe rainstorms and high winds commencing in December 2022, and continuing through January 2023. On February 27, 2023, the City Council adopted a resolution of continued local emergency (Resolution No. 2023-026).

On March 1, 2023, California Governor, Gavin Newsom, proclaimed a state of emergency due to the severe winter storms that struck in late February as the result of an atmospheric river system forecast to continue through mid-March. The Governor issued his proclamation in response to a series of atmospheric river systems that impacted the State since late December 2022, that forced closures and damaged highways and roads, and caused other impacts that local agencies did not have time to mitigate, and that the continuing storms were expected to exacerbate those conditions.

The Governor adopted a subsequent proclamation on March 28, 2023, to apply his March 1st proclamation to Alameda County. The Governor's proclamation directed the California Office of Emergency Services to provide assistance to local governments for the protection of public health and the environment, allowed for the mobilization of the California National Guard, allowed for state-owned properties to be made available for staging debris, and modified the hours-of-service limits in the California Vehicle Code and California Code of Regulations for fuel transportation and relief efforts.

Given the declaration of emergency by the State of California and Alameda County, as well as the existing damage and impacts from the prior storms, and in anticipation of additional storms and wind, the need for continued debris removal, emergency response protective measures, and permanent repairs, continue to present conditions that are likely to be beyond the control of the services, personnel, equipment, and facilities of the City of Livermore.

On March 24, 2023, the Alameda County Director of Emergency Services proclaimed a state of emergency due to conditions of continuing peril that have been presented by winter storms that resumed on February 23, 2023, continuing through March 2023, causing extensive damage and local expenses throughout the Alameda County Operational Area.

Although efforts have been made to remedy the emergency conditions, City staff report that the emergency conditions identified by the proclamation still exist. City staff recommends continuing the declaration of emergency since it is required to be active in 480
RESOLUTION NO. _______
order to remain eligible to apply for and receive funding for costs to respond to and repair damages caused by the storm events.

Once a proclamation of local emergency is adopted, California Government Code section 8630 directs the City Council to review the need for continuing the local emergency at least once every 60 days.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Livermore that it has reviewed the January 4, 2023 proclamation of local emergency that the City Council ratified on January 10, 2023 (Resolution No. 2023-001) and continued on February 27, 2023 (Resolution No. 2023-026) and on April 24, 2023 (Resolution No. 2023-072), and on June 12, 2023 (Resolution No. 2023-111), and on July 24, 2023 (Resolution No. 2023-150), and on September 11, 2023 (Resolution No. 2023-159), and on October 23, 2023 (Resolution 2023-187), and on December 11, 2023 (Resolution No. 2023-223), and on January 22, 2024 (Resolution 2024-012), and on March 11, 2024 (Resolution 2024-031) and on April 15, 2024 (Resolution 2024-053) as well as the subsequent proclamations of emergency in March 2023 by both the State of California and the County of Alameda due to the continuing systems of storms affecting the State and local areas, and hereby finds that conditions warrant continued maintenance of that proclamation of local emergency.

On motion of Council Member ____________________, seconded by Council Member _____________________, the foregoing resolution was passed and adopted on June 10, 2024, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ATTEST: APPROVED AS TO FORM:
____________________________ /s/ Jason R. Alcala
Deborah L. Elam Jason R. Alcala
Acting City Clerk City Attorney
481

CITY COUNCIL STAFF REPORT
ITEM NO. 6.1

DATE:

June 10, 2024
TO:

Honorable Mayor and City Council
FROM:

Brandon Cardwell, Innovation and Economic Development Director SUBJECT:

Hearing to authorize negotiation of a Development Agreement with the property owner, Align Real Estate, to secure community benefit and social opportunity endowment funding as part of proposed Isabel Specific Plan Amendments changing the land use from a Business Park designation to residential designations. Location 3011, 3055, and 3077 Triad Place.

RECOMMENDED ACTION

Staff recommends the City Council adopt a resolution authorizing staff to proceed with negotiating terms for a Development Agreement (DA24-002) to be considered by the City Council at a later date concurrently with review of corresponding Isabel Neighborhood Specific Plan amendments.

SUMMARY
Align Real Estate (DBA 3055 Livermore Owner LLC) has applied for an Isabel Neighborhood Specific Plan amendment for its property located at 3055, 3077, and 3011 Triad Place (Attachment 1, Location Map). The project site is approximately 27 acres and is located within the Isabel Neighborhood Specific Plan area (Specific Plan). The current Specific Plan land use designation is Business Park, and the property owner seeks to obtain residential land uses rights for the project site through a Specific Plan Amendment. The site’s existing buildings are mostly vacant, and there is currently little to no demand for the space due to the Bay Area-wide decline in the office market.

Prior to deciding whether to amend the Specific Plan and re-designate the property, staff recommends the City Council consider a Development Agreement (Agreement). The property owner has agreed to negotiate a Development Agreement. Staff would pursue financial contributions for the Community Benefit and Social Opportunity Endowment Funds, and the Agreement would spell out amounts, terms, and timing of such funding contributions. The Livermore Development Code requires advance City Council authorization for staff to proceed with negotiating a Development Agreement.

DISCUSSION
In October of 2020, the City of Livermore adopted the Isabel Neighborhood Specific Plan (Specific Plan) 482
to create a complete, walkable, amenity-rich neighborhood in proximity to regional transit (Valley Link).

Under the Specific Plan, the property located at 3055, 3077, and 3011 Triad Place is designated for business park uses consistent with the property’s existing site layout and building types (Attachment 1, Location Map). Since adoption, demand for office space in Livermore and across the Bay Area has declined considerably due to a variety of factors, and the properties in question have remained mostly vacant. In addition, the age of the buildings and their location are not likely to attract new companies that seek contemporary office spaces with modern amenities.

In May of 2024, the property owner, Align Real Estate (DBA 3055 Livermore Owner LLC), applied for an Isabel Neighborhood Specific Plan amendment to change the current business park land use to residential. Should the land use designation be changed, the property owner or a subsequent applicant would submit applications for Tentative Tract Map and Site Plan Design Review to develop the site a later date.

In January of 2024, the Council adopted the Community Benefit Policy and established the Community Benefit Fund. The policy established expenditure categories including economic incentive programs and investment in public facilities. Similarly, the Council has prioritized replenishing the Social Opportunity Endowment Fund to facilitate human service programs. Staff recommends the City Council authorize staff to negotiate a Development Agreement to obtain contributions to these funds in consideration for the change in land use designation.

The Livermore Development Code requires prior City Council authorization for staff to proceed with negotiating the Agreement. Review of the Agreement together with the Specific Plan Amendments will provide the City Council and the public with a more complete understanding of the intended land uses changes and enable a better-informed decision-making process.

FISCAL AND ADMINISTRATIVE IMPACTS

Authorization includes costs associated with allocation of staff resources in negotiating a Development Agreement. The Development Agreement application fees paid by the applicant consider these costs.

COMMUNITY PILLAR

5: A City That Works

GOAL

17: Ensure effective use of public resources

ATTACHMENTS

1. Location Map

2. Resolution

Prepared by: Andy Ross
Economic Development Manager

483

Approved by:
____________________________________
Marianna Marysheva
City Manager
Fiscal Review by:
____________________________________
Tina Olson
Administrative Services Director
484
Comcast - Triad Site
This map is based on City of Livermore GIS Information and reflects the most current information at the time of this printing. The map is intended for reference purposes only and the City and its staff is not responsible for errors or omissions.
4,000
Livermore IT, GIS Services
666.7
1:NAD_1983_2011_StatePlane_California_III_FIPS_0403_Ft_US Feet666.70 Notes333.33
ATTACHMENT 1
485
RESOLUTION NO. ________

IN THE CITY COUNCIL OF THE CITY OF LIVERMORE, CALIFORNIA

A RESOLUTION AUTHORIZING STAFF TO NEGOTIATE TERMS FOR A

DEVELOPMENT AGREEMENT WITH ALIGN REAL ESTATE
Align Real Estate, as property owners of 3055, 3011, and 3077 Triad Place, submitted an application to the City of Livermore (“City”) for Development Agreement (DA) 24-002 and Isabel Neighborhood Specific Plan Amendment.

The proposed Specific Plan Amendment would change the Isabel Neighborhood Specific Plan land use designations for these properties from Business Park to Residential.

A Development Agreement is the appropriate mechanism to secure community benefit from the development . Section 9.04.040 of the Livermore Development Code states that the City Council shall hold a noticed public hearing where it shall determine whether it wishes to enter into a Development Agreement along with the general subject areas City staff is authorized to negotiate.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Livermore that it hereby authorizes staff to negotiate Development Agreement 24-002 containing the terms by which the development on 3055, 3011, and 3077 Triad Place shall provide community benefit and satisfy affordable housin g obligations.

BE IT FURTHER RESOLVED by the City Council of the City of Livermore that the Development Agreement shall be reviewed by City Council concurrently with the corresponding Specific Plan Amendment.

On motion of Council Member _______________________, seconded by Council Member _______________, the foregoing resolution was passed and adopted on June 10, 2024, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ATTEST: APPROVED AS TO FORM:
____________________________ /s/ Katherine Mirassou
Deborah L. Elam Katherine Mirassou
Acting City Clerk Deputy City Attorney
486

CITY COUNCIL STAFF REPORT
ITEM NO. 7.1

DATE:

June 10, 2024
TO:

Honorable Mayor and City Council
FROM:

Paul Spence, Assistant City Manager
SUBJECT:

Discussion and Direction regarding the Comprehensive General Plan Update – Draft Preferred Land Use Scenario.

RECOMMENDED ACTION

Staff recommends City Council:

1 .

Approve the General Plan Advisory Committee’s preferred land use scenario, which includes the Laughlin, Vasco Row, and Midtown focus areas, subject to the Planning Commission recommendations.
2 .

Identify East of Greenville as a future study area and direct staff to develop policy direction identifying the conditions under which to study future land use changes, consistent with Planning Commission recommendations.
3 .

Direct staff to proceed with finalizing the General Plan land use map, developing the General Plan policy framework, and conducting the General Plan environmental analysis.

SUMMARY
In September of 2022, the City Council directed staff to proceed with a suite of land use alternatives as part of the General Plan Update. Since that time, the General Plan Advisory Committee (Committee) evaluated the tradeoffs associated with the various land use alternatives. The Committee's evaluation included a summary of existing conditions and an analysis of impacts from proposed changes, which was used to facilitate an extensive community engagement process. The Committee used the results of their analysis, community feedback, and their understanding of the goals and vision of the General Plan Update to create a single draft preferred land use scenario, which the Committee voted to advance to the Planning Commission in March of 2024. The Committee’s recommended draft land use scenario consists of three focus areas - Laughlin, Midtown, and Vasco Row - out of five potential focus areas. The Committee elected to remove the Las Positas Court focus area from consideration and requested additional analysis be conducted before making a decision about the East of Greenville focus area.

The Planning Commission has a unique understanding of the General Plan land use map and policies, 487
especially with respect to the entitlement process, land use compatibility, urban design, and market feasibility. In May of 2024, the Planning Commission reviewed the Committee’s draft land use scenario and the Committee’s request for additional analysis of the East of Greenville focus area. The Planning Commission provided the following recommendations to Council by focus area:

Las Positas
- Remove as a focus area.

Vasco Row
- Conduct a comprehensive plan to address parking, lighting, circulation, and feasible and compatible housing. In the interim, allow for expanded winery and production uses through an updated general plan designation.

Midtown
- Proceed with Midtown as a specific plan to address Valley Link access, housing unit targets, and neighborhood circulation and services.

Laughlin
- Reduce the density to medium to be more compatible with surrounding neighborhoods.

East of Greenville
- Include in the General Plan as a future study area and identify policy parameters stating under what conditions the City would study land use changes in the area.

Staff recommends City Council approve the Committee’s draft preferred land use scenario, subject to the Planning Commission’s recommended modifications. The preferred land use scenario will be the basis of the City’s Updated General Plan land use map, which will guide development and conservation through the horizon year 2045.

DISCUSSION
The preferred land use scenario is a critical component of the General Plan Update. The Committee created the preferred land use scenario over the course of multiple meetings by mixing and matching elements of the various alternatives, incorporating community feedback, and through deliberations.

Ultimately, the preferred land use scenario will become the General Plan land use map, which will determine the type and intensity of development that can occur within a geographic area, consistent with the community’s vision and civic goals. For background on the land use scenario development, evaluation, and community engagement process please see Attachment 1. The Committee’s draft land use scenario can be found in Attachment 2, and the Committee's recommendations and input can be found in Attachment 3.

PLANNING COMMISSION RECOMMENDATIONS

On May 7, the Planning Commission reviewed the Committee’s draft land use scenario as well as the Committee’s request for additional analysis of the East of Greenville focus area. Planning Commissioners commended the work and diligence of the Committee and voted unanimously to provide the following recommendations by focus area to City Council.

Las Positas
The Las Positas Court focus area is a mix of existing industrial/office buildings, undeveloped land fronting I-580, and highway-oriented retail commercial uses. Based on the unlikelihood of conversion, the limited supply of industrial/office buildings in the city, market factors, and other challenges to redeveloping the area, the Planning Commission supported the Committee’s recommendation to remove 488
this as a focus area.

Vasco Row
The Vasco Row focus area currently includes an array of existing light industrial uses. The emergence of commercial uses from winery and brewery businesses has organically created a vibrant entertainment destination in this area that was not originally anticipated by the existing General Plan. The vision for this focus area is a visitor destination that supports production maker spaces and serves as a gateway to South Livermore Wine Country.

The Committee' preferred land use scenario for Vasco Row attempts to increase capacity of residential uses with high density and medium high density housing on the west side of Research Drive. In addition, the Committee sought to provide flexibility for visitor serving uses by integrating more Wine Country Commercial uses in the center of the focus area and providing a mixed high density residential overlay south of Research Drive that would allow for maker spaces and residential uses.

Planning Commission was concerned with the compatibility of new higher density residential uses in the focus area and the impacts associated with parking, congestion, and heights that could effect the surrounding single-family neighborhoods. In addition to compatibility, the Planning Commission questioned the market feasibility of higher density residential building types due to market demand, construction costs, and the existing parcel and property ownership patterns. Finally, the Planning Commission stressed concentrating on the intent of the original vision for this area as a maker space/production and wine country/entertainment destination.

Therefore, the Planning Commission recommends allowing for expanded winery and production uses through an updated mixed industrial/commercial general plan designation to support a maker village. In addition, the Planning Commission recommends facilitating wine country commercial uses on the east side of Vasco Road. Finally, the Planning Commission recommends developing a comprehensive plan, such as a neighborhood plan, to address parking, lighting, circulation, and feasible and compatible housing.

Laughlin
The Laughlin Road focus area currently consists of vacant, undeveloped land mostly outside of the city limits, but within the urban growth boundary.

The Committee proposed this focus area include a medium high residential place type to achieve the City's housing goals. In addition, the Committee included the industrial place type along Northfront Road to increase industrial land capacity, facilitate job growth, and serve as a buffer from I-580. Finally, the Committee included a neighborhood commercial place type in the southwest corner of the focus area along Northfront Road to provide additional commercial services to the focus area and surrounding community.

Planning Commission supports the use of non-residential uses along Northfront Road to buffer residential uses from the effects of I-580. However, the Planning Commission questioned the feasibility of neighborhood serving commercial as a stand-alone use at this location. The Planning Commission was also concerned with the compatibility of a Medium High residential place type with surrounding single family neighborhoods. Finally, the Commission acknowledged that development in this area would potentially be constrained by the current General Plan scenic corridor polices. 489
The Planning Commission recommends a medium density residential designation to conform with surrounding neighborhoods, as well as expanding the permitted uses under a general industrial designation to allow for some integrated commercial uses that could serve both the neighborhood and businesses.

Midtown
The Midtown Area is currently a mix of existing commercial, office, and industrial land uses. The predominant existing land use is low intensity light industrial. The Midtown focus area includes the site for a future Valley Link station, and the vision for this focus area is a transit oriented, complete neighborhood with a mix of housing, jobs, and services.

The Committee reduced the Midtown focus area size to cluster new uses in areas with the greatest likelihood of redevelopment and to preserve several existing commercial and industrial buildings. The Committee increased residential densities nearest the future Valley Link station, transitioning to lower densities further away from the station area. Finally, the Committee positioned the mixed industrial office place type, which envisions research and development, advanced manufacturing, and other job generating uses, nearest the station to capture commute ridership and buffer future residences from the freeway.

The Planning Commission discussed a variety of issues related to design and development, community character, height, and other issues associated with new development in the focus area. Further, the Planning Commission stressed the importance of adequate multimodal access to and from the station area, within the neighborhood, and across I-580 to Springtown. Ultimately, the Planning Commission concluded that these issues would be best addressed through a specific plan process.

The Planning Commission recommends identifying the Midtown Area designation on the General Plan land use map and preparing a specific plan to address Valley Link access, housing unit targets, and neighborhood circulation and services. The current General Plan uses this approach for the Downtown and Isabel Neighborhood Specific Plans.

East of Greenville
The East of Greenville focus area is outside of the City limits and urban growth boundary and is mostly undeveloped. The intent identified for this focus area is to increase and maintain capacity for industrial uses with a focus on high-quality job and revenue generation. The vision for the focus area is to establish land uses that support innovation and technology-based companies in a complete district, hosting a mix of jobs, services, and amenities, which collectively help the community achieve long term fiscal sustainability and serve as an inviting gateway that transitions into South Livermore Wine Country.

The Committee did not recommend a land use scenario for the focus area. Instead, the Committee considers the current scenario a work in progress and requested additional time to conduct further analysis. Evaluation topics include infrastructure and circulation needs, industrial market feasibility, site conditions evaluation, and jobs-housing match calculations. The Committee’s request for additional study of East of Greenville could require significant time and financial resources. Professional estimates indicate a range of between $100,000 to $1 million and several months to one year to complete, depending on the scope and depth of the analysis.

Based on the complexity of the issues surrounding the area and the time and resources needed to conduct additional analysis, which could further delay the completion of the General Plan, Planning 490
Commission recommends identifying East of Greenville as a future study area. The Planning Commission further recommends policy considerations be developed identifying under what circumstances the City would study future land use changes in the area, including economic development or community benefit opportunities.

A full summary of Planning Commission’s recommendations to Council is found in Attachment 4. Staff recommends the City Council approve the Committee’s preferred land use scenario subject to the Planning Commission recommendations and direct staff to proceed with finalizing the General Plan land use map, developing the policy framework, and conducting an environmental impact analysis.

FISCAL AND ADMINISTRATIVE IMPACTS

Following the selection of a preferred land use scenario, the project team and Committee will refine the General Plan land use map, continue policy development, and initiate technical studies as part of the environmental analysis.

The current project timeline for the General Plan anticipates a public draft General Plan available by the end of 2025 with adoption in the first quarter of 2026. The General Plan Update timeline could be further extended if additional studies are initiated. Future expenditures related to implementing the General Plan (including a Midtown Specific Plan, East of Greenville Study, and Vasco Row Comprehensive Plan) would return to the Council at a future date as part of a routine budgeting and strategic planning process.

COMMUNITY PILLAR
4: Inclusive & Inviting Spaces & Places
GOAL

4: Continue to complete the General Plan Update

ATTACHMENTS

1. May 7 2024 PC Report

2. GPAC Preferred Land Use Scenario Map

3. GPAC Recommendations

4. Planning Commission Recommendations

Prepared by: Andy Ross
Economic Development Manager

491
Approved by:
____________________________________
Marianna Marysheva
City Manager
Fiscal Review by:
____________________________________
Tina Olson
Administrative Services Director
492
PLANNING COMMISSION STAFF REPORT ITEM NO. 6.1
DATE: May 7, 2024
TO: Chairperson and Members of the Planning Commission
FROM: Andy Ross, Economic Development Manager
SUBJECT: Comprehensive General Plan Update – Draft Preferred Land Use Scenario R

ECOMMENDED ACTION
S
taff recommends the Planning Commission review the General Plan Advisory Committee’s draft preferred land use scenario, which includes the Laughlin, Vasco Row, and Midtown focus areas and provide feedback to the City Council. The Committee requests conducting additional analysis for the East of Greenville focus area before providing a recommendation to Planning Commission and City Council.

SUMMARY
In July 2022, the Planning Commission made recommendations to the City Council on a suite of land use alternatives as part of the General Plan Update. Since that time, the project team evaluated the tradeoffs and impacts associated with the various land use alternatives and conducted extensive community engagement to receive feedback. The General Plan Advisory Committee (Committee) reviewed the evaluation and feedback and modified the alternatives into a single draft preferred land use scenario. The Committee’s draft preferred land use scenario is the basis for the General Plan Land Use Map and consists of three focus areas. The Committee removed the Las Positas Court focus area from consideration and requests additional analysis be conducted to inform the East of Greenville focus area.

The Planning Commission is charged with implementing the General Plan on behalf of the City Council.

Therefore, the Commission has a thorough understanding of the General Plan Land Use Map and policies, especially with respect to the entitlement process, land use compatibility, urban design, and market feasibility. Consequently, the Planning Commission is in a unique position to evaluate the draft preferred land use scenario.

Staff recommends Planning Commission review the Committee’s draft preferred land use scenario and make a recommendation to the City Council. The preferred land use scenario will be the basis of the City’s Updated General Plan Land Use Map, which will guide development and conservation through the horizon year 2045.

DISCUSSION
ATTACHMENT 1
493

BACKGROUND

On March 1, 2021, the City Council selected updating the General Plan as a priority and directed staff to seek consultant assistance and develop a 3-year work program. The work program includes a variety of components including visioning, existing conditions assessment, land use planning, policy development, and environmental impact review. In addition, following a three-month recruitment, selection, and interview process, the City Council appointed the 13-member Committee to provide input and feedback throughout the update process. Since swearing in, the Committee has met approximately 30 time on matters related to the General Plan Update.

In January 2022, the project team began the General Plan land use alternatives process, which informs the 2045 General Plan Land Use Map. This process included receiving input from the community and the Committee, identifying geographical areas that are likely to experience change, and preparing a range and mix of land use alternatives for each of these focus areas. In July 2022, the Planning Commission reviewed the land use alternatives process and provided feedback on a series of land use alternatives. (Attachment 1). (In February 2023, Council directed staff to add the East of Greenville Focus Area to study the possibility and capacity of job generation in that area).

Following Planning Commission feedback and Council direction, the project team conducted in-depth analysis and evaluation of the draft land use alternatives and initiated a community engagement process to share the results and discuss tradeoffs. Additionally, the project team led a series of Committee meetings to share community feedback and work with the Committee to develop a draft preferred land use scenario. The final land use scenario, as directed by Council, will be the basis for the General Plan Land Use Map.

DISCUSSION

The preferred land use scenario will establish the foundation for future land use planning. Ultimately, the preferred land use scenario will become the General Plan Land Use Map, which will determine the type and intensity of development that can occur within a geographic area consistent with the community’s vision and civic goals. A majority of the current General Plan Land Use Map will remain unchanged. The Committee identified Focus Areas or places where the current General Plan land use designation might change to lead to new or different land uses in the future. The preferred land use scenario was created by mixing and matching various features of each alternative within each of the Focus Areas. Extensive evaluation of various land use types and community input gathered through a variety of channels informed Committee deliberations and the development of the draft preferred land use scenario.

LAND USE ALTERNATIVES EVALUTION PROCESS

The General Plan team has published two documents to help the community and Committee understand the tradeoffs amongst the land use alternatives and help stimulate community conversations about the preferred land use scenario:

Alternatives Evaluation Summary Booklet: provides an overview of the preferred scenario process, describes the land use alternatives, including projected growth and maps, and presents findings from the more detailed Alternatives Evaluation Background Report. The Summary Booklet distills key information to support the community’s review of the land use alternatives and decisions about ATTACHMENT 1
494
a preferred scenario. The Summary Booklet highlights those topics where the land use alternatives result in different outcomes.

Alternatives Evaluation Background Report: provides a more detailed evaluation of the land use alternatives. It provides an overview of the General Plan, projected growth in Livermore, the land use alternatives, the alternatives evaluation results, and high-level policy solutions that could influence the outcomes of development under any of the land use alternatives.

The Summary Booklet and the Background Report are both available on the project website:
www.ImagineLIvermore2045.org.

COMMUNITY OUTREACH AND ENGAGEMENT

From October 2023 through January 2024, the project team presented the tradeoffs associated with three draft citywide land use alternatives and collected community input to help inform a preferred land use scenario. Input was collected through a range of outreach opportunities, including:

an online activity
two community workshops
two webinars
13 pop-up events
multiple staff presentations to community groups
Focus Group discussions: open space stakeholders, partner agencies, and business community representatives
property owners

Overall, the project team engaged with 1,100 individuals through a variety of channels. Community input was generally consistent for the Vasco Row, Laughlin, and Las Positas Court Focus Areas. Midtown and East of Greenville garnered the most comments. Mostly, the community supported a new neighborhood in the Midtown area near future transit (Valley Link), but wanted additional resources such a school site, park land, and other services, as well as improved connectivity within the area. Due to its complexity, a broad cross section of the community wanted additional information before forming an opinion on the East of Greenville Focus Area. A summary of the community engagement and public input on the land use alternatives is found in Attachment 2.

DRAFT PREFERRED LAND USE SCENARIO

The preferred land use scenario will establish the foundation for future land use planning. The Committee’s draft land use scenario was developed by mixing and matching and refining the various land use alternatives by focus area. The various land use alternatives explored a range of commercial, industrial, and residential growth within five focus areas. The purpose of evaluating a range of draft land use alternatives was to explore ways to accommodate future market needs, support local job growth, and to attempt to respond to future, estimated, State housing requirements through 2045 (to the extent feasible).

Attachment 3 includes maps of the draft preferred land use scenario for each of the focus areas, a Citywide map, and development projections. The land use Place Types are representative examples.

ATTACHMENT 1
495
The land use categories within the focus area are not existing General Plan land use designations.

Following the selection of the preferred scenario, the land use categories will be refined to either use existing designations, modified designations, or new designations in the General Plan. Once the City Council selects the preferred land use scenario, the Draft General Plan will include additional policy guidance for these areas to improve circulation, community character, safety, protect natural resources, among other topics.

In addition to the focus areas, the project team also anticipates future growth to occur in the Isabel Neighborhood Specific Plan area, Downtown, and other infill sites distributed throughout the city. Further, the project team will also incorporate other smaller scaled land use designation changes into the overall General Plan Land Use Map. These may be initiated by property owners or needed to create consistency with existing land uses occurring within a specific area.

From November 2023 through March 2024, the Committee considered community input gathered from outreach efforts, key learnings, and comments received from the public and land owners, and deliberated to create the preferred land use scenario. The Committee decided to refine three of the five focus areas to support the stated General Plan vision:

Midtown. The Committee reduced focus area size to cluster new uses in areas with the most likelihood of redevelopment and to preserve several existing commercial and industrial uses. The Committee increased residential densities nearest the future Valley Link station and transitioned to lower densities further away from the station area. Finally, the Committee positioned job generating uses (industrial/office placetype) nearest the station, to capture commute ridership and buffer future residences from the freeway.

Vasco Road. The Committee adjusted the uses in this focus area to increase capacity of residential uses and additional flexibility for visitor serving uses.

Laughlin Road Area. The Committee modified the residential placetypes to be more compatible with the surrounding residential neighborhoods. In addition, the Committee included additional job generating uses (industrial placetype) along Northfront Road to serve as a buffer from I-580.

The Committee decided to remove the Las Positas Court Focus Area because of constrained site conditions and the desire to keep existing land uses. Finally, the Committee did not make a recommendation on the East of Greenville Focus Area and requested the project team conduct additional analysis specifically for this focus area.

A full summary of the Committee’s map adjustments is provided in Attachment 4.

PLANNING AND POLICY CONSIDERATIONS

In addition to the Land Use Map and defined land use designations, the General Plan land use element contains a comprehensive set of explicit goals and policies that guide the future use and development of land in Livermore. This direction includes descriptive land use designations and incorporates goals and policies that guide implementation and subsequent planning efforts such as specific plan areas, neighborhood plan areas, and future study or transition areas.

For example, the 2003-2025 General Plan describes several study and transitional areas. These areas ATTACHMENT 1
496
are identified with a map and policy direction describes what types and mix of uses are envision and how they would be implemented. The General Plan identifies the areas that are now known as the Arroyo Vista and Brisa Neighborhoods as the East Side Transition Areas:

“Before new mixed-use development is allowed in the East Side Transitional Area, a neighborhood plan shall be developed for each such area showing circulation and land use in the interest of safety, convenience, and maximum benefit for residents alike. The City should do this in cooperation with the property owners of each area. The neighborhood plans will establish a basic framework for circulation, land use, building, and landscaping that will permit orderly growth as the mixed-use neighborhood expands. In addition, neighborhood plans will include locations for schools and parks, and will address compatibility with surrounding uses.”

Further, the 2003-2025 General Plan defines the Isabel Neighborhood (IN) and the types and quantities of land uses that are governed and implemented by a specific plan:

“The Isabel Neighborhood (IN) designation applies to the northwest area of the city generally located north and south of I-580 between the Airway Boulevard and Isabel Avenue interchanges. The Isabel Neighborhood Specific Plan (INSP) will guide future development of the area surrounding the future Valley Link station in the I-580 median at Isabel Avenue. Objectives of the INSP include: create a safe, vibrant, complete neighborhood that includes amenities for residents, workers, and students; ensure new development is compatible with existing development and community character; and support transit ridership and citywide goals for increased transportation options, housing choices, and economic vitality.

Anticipated maximum development, by land use, is as follows: Office – 1,730,500 square feet; Business Park – 180,390 square feet; Neighborhood Commercial – 167,185 square feet; General Commercial – 296,300 square feet; and Residential – 4,095 units. Land uses and development in the INSP area shall be implemented through INSP, which contains the specific land use designations, development standards, design requirements, and infrastructure improvements applicable to the IN area.”

At previous meetings, the Committee has already begun to develop policy language around the Midtown area:

“Midtown shall include a range of 5,000 to 6,400 housing units. The higher densities shall be concentrated closest to the station areas and housing units shall transition to medium and lower densities as one moves away from the station area towards the Las Positas Road corridor.”

Staff recommend the Planning Commission also consider additional policy topics for Midtown and other geographic areas within the General Plan planning area when reviewing the Draft Preferred Land Use Scenario. This information will inform the refinement of the General Plan Land Use Map and the upcoming policy development task.

FISCAL AND ADMINISTATIVE IMPACTS

Following the selection of a preferred land use scenario, the project team and Committee will refine the General Plan Land Use Map, continue policy development, and kick off technical studies as part of the environmental analysis.

Although not the responsibility of the Planning Commission, the Committee’s request for additional study of East of Greenville could require significant time and financial resources. The cost of consultant ATTACHMENT 1
497
assistance could range from $100,000 to $1 million and take several months to over one year to complete, depending on the scope and depth of the analysis. The current project timeline for General Plan anticipates a public draft General Plan available by the end of 2025 with adoption in Q1 of 2026.

The General Plan Update timeline could be further extended if additional studies are initiated.

STAFF RECOMMENDATIONS

The Planning Commission’s role is to advise the City Council on the adoption and on-going review of the General Plan and serve as an advisory body to the Council on matters related to city growth and development. Given the Commission’s fluency in land use development and General Plan policy, the Commission is uniquely positioned to review, evaluate, and provide insights regarding the draft land use scenario.

Staff recommends the Planning Commission review the General Plan Advisory Committee’s preferred land use scenario, which includes the Laughlin, Vasco Row, and Midtown focus areas and provide feedback to the City Council. The Committee requests conducting additional analysis for the East of Greenville focus area before providing a recommendation to Planning Commission and City Council.

Staff anticipates presenting the draft preferred land use scenario with Planning Commission recommendations, to the City Council in June 2024. Following the selection of a preferred land use scenario, the project team would returning to Planning Commission at a future dates with policy frameworks and ultimately environmental analysis and a draft General Plan.

ATTACHMENTS

1. PC Report - July 2022

2. Community Input Summary

3. Preferred Land Use Scenario Maps and Buildout Tables

4. Committee Land Use Scenario Recommendation Summary

Prepared by: Andy Ross
Economic Development Manager

ATTACHMENT 1
498
GPAC Preferred Land Use Scenario
May 2024
ATTACHMENT 2
499
ATTACHMENT 2
500
GPAC Citywide Preferred Land Use Scenario with East of Greenville 2045 Buildout Citywide Preferred Land Use Scenario with East of Greenville GPAC Preferred Scenario Existing (2021) 2045 Net New 2045 Total
Housing Units 32,965 14,255 47,220
Population 87,475 38,370 125,845
Jobs 52,220 35,790 88,010
GP
AC Citywide Preferred Land Use Scenario with East of Greenville Net New Development by 2045 14,255
38,370 35,790
0 5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Housing Units Population Jobs
ATTACHMENT 2
501
GPAC Citywide Preferred Land Use Scenario without East of Greenville 2045 Buildout Citywide Preferred Land Use Scenario without East of Greenville GPAC Preferred Scenario Existing (2020) 2045 Net New 2045 Total
Housing Units 32,965 14,255 47,220
Population 87,475 38,370 125,845
Jobs 52,220 13,595 65,815
GPAC Citywide Preferred Land Use Scenario without East of Greenville Net New Development by 2045 14,255
38,370
13,595
0 5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Housing Units Population Jobs
ATTACHMENT 2
502
ATTACHMENT 2
503
Midtown Focus Area Vision: Establish a transit oriented, complete neighborhood, with a mix of housing, jobs, and services.

Midtown Focus Area 2045 Buildout
Midtown GPAC Preferred Scenario
Existing (2020) 2045 Net New 2045 Total
Housing Units 770 4,235 5,005
Population 2,070 11,400 13,470
Jobs 2,960 4,360 7,320
Midtown Focus Area Net New Development by 2045
4,235
11,400
4,360
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Housing Units Population Jobs
ATTACHMENT 2
504
/
I
f
r
l
Northfront Rd

0.3 Mlles
Source: City of Livermore, 2021; Esri, 2024; PlaceWorks, 2024 --------------------,
I
I
�-
-
-
-
-� Sphere Of Influence
�_-_-_: Urban Growth Boundary
D City Limits
D Focus Area Boundaries
Place Type Descriptions
Residential Low Density (2 to 14 DU/A)
- Residential Medium Density (15 to 29
DU/A)
� Residential Medium-High Density (30 to
59 DUA)
- Residential High Density (60 to 100 DU/
A)
Mixed-Use Medium-High Density (30 to
59 DU/A, 0.5 FAR)
Mixed-Use High Density (60 to 100 DU/A,

0.5 FAR)
Commercial - Neighborhood (0.3 to 1.0
FAR)
- Commercial - General (0.3 to 1.0 FAR)
� Commercial - Wine-Country (0.3 to 1.0
FAR)
Mixed Industrial - Commercial and
Industrial (0.3 to 1.0 FAR)
- General Industrial (0.3 to 0.5 FAR)
- Mixed Industrial - Industrial-Office (0.5 to

2.0 FAR)
Agricultural
- Open Space
- Parks/Recreation
Public
Research Campus / Educational Facility
- Agricultural-Gateway Buffer
- Wildlife Corridor - Open Space
@ Vasco ACE Station (Existing)
D Vasco ACE Station 1/2 Mile Radius
(Existing)
@ Midtown Valley Link Station (Future)
D Midtown Valley Link Station 1/2 Mile
Radius (Future)
-+- Railroad
GPAC Preferred Land Use Scenario: Laughlin Road Focus Area ATTACHMENT 2
505
Laughlin Road Focus Area Vision: Preserve open space and facilitate new compatible residential and commercial uses.

Laughlin Road Focus Area 2045 Buildout
Laughlin Road Area GPAC Preferred Scenario
Existing (2020) 2045 Net New 2045 Total
Housing Units 0 820 820
Population 0 2,215 2,215
Jobs 0 540 540
Laughlin Road Focus Area Net New Development by 2045
820
2,215
540
0 500
1,000
1,500
2,000
2,500
Housing Units Population Jobs
ATTACHMENT 2
506
Sou re" Cit f .
"""
""
Y o Livermore , 2021; Esri, 2024· Pl
om
, aceWorks, 2024
I I
��
�
�
�
=d �
��-
I
GPAC Preferred Land U
r--,
,_ - _, Sphere Of Infl
r ••I
uence
,_ - _, Urban G rowth B D . . oundary
City Limits
D Focus Area
Pl
Boundaries
ace Type Descriptions
Residential L ow Density c2
- Residential M d
.
to 14 DU/A)
DU/A)
e ium Density (15 to 29
� Residential M •
59 DUA)
ed1um-High Density (30 to
- Residential H" h
A�
ig Density (60 to 100 DU/
Mixed-Use M d .
59 DU/
e ium-High D
.

A, 0.5 FAR)
ensity (30 to
Mixed-Use H"

0.5 FAR)
igh Density (60 to 100 DU/A,
Commercial - •
FAR)
Neighborhood (O 3
-
• tel 0
Commercial - G
•
C
eneral (0 3 t
� ommercial _ W"
• 0 1.0 FAR)
FAR)
me-Country (0.3 to 1 0
Mixed Industrial -
•
Industrial (0.3 to l
c��
mercial and
- General Ind •
• AR)
ustnal (0 3 t
- Mixed Indust
.

I
• o 0.5 FAR)

2.0 FAR)
na - Industrial-Off
.
ice (0.5 to
Agricultural
-Op en Space
- Parks/Recreation
Public
Research C a
- .
mpus / Educat"
Agncultural-G t
ional Facility
a e way Buff
-wildl"�
er
1 e Corridor _ 0
®
pen Space
Vasco ACES • tatIon (Existing)
D Vas_co ACE Statio •
(Existing)
n l/2 Mile Radius
@ Midtown Valle • y Link Station (F
D Midtown Vall .
uture)
Radius (Futu�:)
Link Station 1/2 Mile
-+- Railroad
se Scenario· V . asco Row F OCUS Area
ATTACHMENT 2
507
Vasco Row Vision: Create a visitor destination that supports production and maker spaces that serve as a gateway to South Livermore Wine Country.

Vasco Row Focus Area 2045 Buildout
Vasco Row Focus Area GPAC Preferred Scenario
Existing (2020) 2045 Net New 2045 Total
Housing Units 5 835 840
Population 15 2,230 2,245
Jobs 440 50 490
Vasco Row Net New Development by 2045
830
2,230
50 0
500
1,000
1,500
2,000
2,500
Housing Units Population Jobs
ATTACHMENT 2
508
Mlles
.5
:E
I>()
7 Lawrence Livermore
National Laboratory
f l
Source: City of Livermore, 2021; Esri, 2024; PlaceWorks, 2024 --
Wine Catalyst Site
--------c-
�-
-
-
-
-� Sphere Of Influence
�_-_-_: Urban Growth Boundary
D City Limits
D Focus Area Boundaries
Place Type Descriptions
Residential Low Density (2 to 14 DU/A)
- Residential Medium Density (15 to 29
DU/A)
� Residential Medium-High Density (30 to
59 DUA)
- Residential High Density (60 to 100 DU/
A)
Mixed-Use Medium-High Density (30 to
59 DU/A, 0.5 FAR)
Mixed-Use High Density (60 to 100 DU/A,

0.5 FAR)
Commercial - Neighborhood (0.3 to 1.0
FAR)
- Commercial - General (0.3 to 1.0 FAR)
� Commercial - Wine-Country (0.3 to 1.0
FAR)
Mixed Industrial - Commercial and
Industrial (0.3 to 1.0 FAR)
- General Industrial (0.3 to 0.5 FAR)
- Mixed Industrial - Industrial-Office (0.5 to

2.0 FAR)
Agricultural
- Open Space
- Parks/Recreation
Public
Research Campus / Educational Facility
- Agricultural-Gateway Buffer
- Wildlife Corridor - Open Space
@ Vasco ACE Station (Existing)
D Vasco ACE Station 1/2 Mile Radius
(Existing)
@ Midtown Valley Link Station (Future)
D Midtown Valley Link Station 1/2 Mile
Radius (Future)
-+- Railroad
GPAC Preferred Land Use Scenario: East of Greenville Focus Area ATTACHMENT 2
509
East of Greenville Road Vision: Establish land uses that that support innovation and technology-based companies in a complete district, hosting a mix of jobs, services, and amenities, which collectively help the community achieve long term fiscal sustainability and serves as an inviting gateway that transitions into South Livermore Wine Country.

East of Greenville Road Focus Area 2045 Buildout
East of Greenville Road GPAC Preferred Scenario
Existing (2020) 2045 Net New 2045 Total
Housing Units 21 0 21
Population 55 0 55
Jobs 270 22,195 22,465
East of Greenville Road Focus Area Net New Development by 2045 22,195
0 5,000
10,000
15,000
20,000
25,000
Housing Units Population Jobs
ATTACHMENT 2
510
ATTACHMENT 3

1 General Plan Advisory Committee
Summary of Preferred Land Use Scenario Recommendations
At the December 13, 2023, January 10, 2024, and February 14, 2024, General Plan Advisory Committee (Committee) meetings, the GPAC provided recommendations on the preferred land use scenario for the Vasco Row, East of Greenville, Las Positas Court, Laughlin Road Focus, and Midtown Focus Areas.

At the March 13 and March 20, 2024, Committee meetings, the project team presented a summary of the Committee’s initial feedback and the Committee further refined their recommendations on the draft preferred land use scenario.

The final GPAC recommendation on the draft preferred land use scenario is summarized below:

Vasco Row Focus Area
Recommendation for the Vasco Row Focus Area included:
• Start with Maker Village Alternative.
• Increase Wine-Country Commercial somewhere near the park by removing some Mixed Industrial in the core.
• Increase housing density by replacing half of the Residential Medium High Density with Residential High Density in the northwest corner on west side of Research Drive. • Designate the area east of Research Drive as Residential Medium High Density north of the park. • Replace housing to the south with Mixed Use Medium High Density that allows the existing type of maker uses.

East of Greenville Focus Area
Initial recommendation for the East of Greenville Focus Area included:
• Start with Alternative A.
• Do not include a sports park.
• Keep the Research Campus from Alternative A.
• Add Mixed Industrial-Office; project team to determine how much and where. • Change open space to be continuous from Greenville Road to the Laughlin Road Focus Area.

The Committee has not made a final recommendation on the East of Greenville Focus Area. The Committee has requested additional information:
• Fiscal impact analysis: potential tax revenue vs expenses for the City if development were to occur in East of Greenville.
• Inventory and assessment of commercial and industrial land supply within the City Limits. 511
ATTACHMENT 3

2 • Feasibility analysis of the Industrial/Office and General Industrial place types due to:
o Circulation
o Topography
o Infrastructure
o Other physical constraints
• Economic Evaluation:
o salary ranges for the employment-generating land use designations. o jobs to employed resident skillset match for Livermore • Property owner identification by parcel
• Inventory and assessment of conservation values within and outside of the focus area with the intent of creating and protecting a permanent greenbelt.

Las Positas Court Focus Area
Recommendation for the Las Positas Court Focus Area included:
• No change to existing land use designations; eliminate Las Positas Court as a Focus Area.

Laughlin Road Focus Area
Recommendation for the Lauglin Road Focus Area included:
• For the small triangle at the west of the Focus Area:
o Add General Industrial fronting I-580 (Northfront Road). o Add a buffer north of General Industrial to mitigate industrial impacts. o Add Medium High Density Residential (59 du/ac or less) north of Open Space buffer. o Add an appropriate amount of Neighborhood Commercial to far west edge of small triangle.
o Add neighborhood park close to residential.
• Add Mixed Industrial-Commercial fronting I-580 with northern edge parallel, not jutting into open space.
• Maintain existing highway commercial fronting I-580.
• Designate remaining area within Focus Area boundary as Open Space. • Add a connecting open space/wildlife corridor south of I-580 (from East of Greenville Focus Area recommendation).

Midtown Focus Area
Recommendation for the Midtown Focus Area included:
• Narrow Focus Area boundary to core area which represents the most intense change areas. • Start with the spirit of the Blended Alternative, with a goal of increasing the housing; include high density housing near future rail station and decrease density south toward Las Positas Road.

Change to Residential Medium High Density with a goal of achieving 5,000 – 6,400 units. • Replace residential uses fronting I-580 south of the freeway with Mixed Industrial-Office. • Indicate on the map a future school site is needed.
512
Planning Commission
Summary of Preferred Land Use Scenario Recommendations
Planning Commission Preferred Land Use Scenario Recommendation This section summarizes the Planning Commission’s recommendation on the preferred land Use scenario.

Vasco Row Focus Area
Recommendation for the Vasco Row Focus Area included:
• Conduct additional study to possibly develop a neighborhood or specific plan for this focus area.

This plan should:
o Evaluate the feasibility of lower/medium density housing to the extent it supports the goals of the plan. If housing is feasible, the evaluation should identify how many units to plan for.
o Evaluate the displacement of existing industrial uses. o Plan for improved parking, lighting, walking, connectivity, etc. o Explore mechanisms to facilitate the vision for the area to enhance and expand small b
usinesses.
• Increase the amount of land designated for Mixed Industrial Commercial to support makers village type uses, such as breweries, distilleries, wine making, and other uses. • Limit Wine Country Commercial to the east side of Vasco Road.

Laughlin Road Focus Area
Recommendation for the Lauglin Road Focus Area included:
• Change Residential Medium-High Density to Residential Medium Density. • Allow general commercial uses in the General Industrial designation. • Blend/interface between medium density to the existing neighborhoods Midtown Focus Area
Recommendation for the Midtown Focus Area included:
• Identify Midtown as a future specific plan area.
• Development of the specific plan should consider:
o Circulation improvements outside of Midtown.
o Improving connectivity across the focus area
ATTACHMENT 4
513
• Along and across Los Positas Road
• North of I-580 including Springtown access to the transit center • Connections to Ironhorse trail and trail network
o Adding a north/south mixed use corridor.
o Increase the Residential Medium-High minimum density
o Plan for amenities that will support the future job center o Station planning, including planning for commuter parking. • Specific plan should consider a back-up land use plan if Valley Link is delayed or doesn't happen.

Las Positas Court Focus Area
Recommendation for the Las Positas Court Focus Area included:
• No change to existing land use designations; eliminate Las Positas Court as a Focus Area.

East of Greenville Focus Area
Recommendation for the East of Greenville Focus Area included:
• Identify East of Greenville as a future study area in the General Plan. • At this time, do not identify land use designations in this area or propose expanding the Urban Growth Boundary.
• Include policies in the General Plan that specify triggers that would initiate when future land uses for this area would be studied. Triggering events or parameters could include:
o Need to accommodate additional economic development.
o Opportunity to provider substantial benefit to the community. o Impacts to current land uses.
o Opportunity to improve quality of life.

ATTACHMENT 4
514

CITY COUNCIL STAFF REPORT
ITEM NO. 10.1

3.2 Presentation of the 2024 High School Senior Arts Awards.

Material: PowerPoint Presentation

3.3 Livermore Area Youth Advisory Commission Annual Update presented by Chair Alexa.

Material: PowerPoint Presentation

5.3 Resolution authorizing the acceptance for permanent maintenance, release of the security bonds, and execution of a Notice of Completion for the Slurry Seal 2021 Project 2021-04.

Materials: Memo and Revised Exhibit A - Notice of Completion

5.14 Resolution approving the updated Investment Policy and the annual delegation of investment authority to the City Treasurer.

Materials: Memo and Revised Attachment 1 - Revised Investment Policy Red-Line

6.1 Hearing to authorize negotiation of a Development Agreement with the property owner, Align Real Estate, to secure community benefit and social opportunity endowment funding as part of proposed Isabel Specific Plan Amendments changing the land use from a Business Park designation to residential designations. Location 3011, 3055, and 3077 Triad Place.

Material: PowerPoint Presentation

DATE:

June 10, 2024
TO:

Honorable Mayor and City Council
FROM:

Marianna Marysheva, City Manager
SUBJECT:

Supplemental materials received prior to the meeting.

RECOMMENDED ACTION

SUMMARY
These materials were posted online and made available to the public at the same time that they were distributed to the City Council.

515

7.1 Discussion and Direction regarding the Comprehensive General Plan Update – Draft Preferred Land Use Scenario.

Material: PowerPoint Presentation

8.0 Council Committee Reports and Matters Initiated by City Manager, City Attorney, Staff, and Council Members

Material: Council Reports

DISCUSSION

ATTACHMENTS

1. Supplemental Materials

Prepared by: Helena Graves
Deputy City Clerk

Approved by:
____________________________________
Marianna Marysheva
City Manager
Fiscal Review by:
____________________________________
Tina Olson
Administrative Services Director
516
6/10/2024
1 Commission for the Arts
2024 High School Senior Arts Awards
Granada High School
Abigail Paik – Performing Arts
Ariana Xenakis – Visual Arts
Livermore High School
Abbey Mavrakis – Performing Arts
Eliza Lloyd – Visual Arts
Emma Franco – Visual Arts
Leanne Clarisse Gutierrez – Visual Arts
Tu Han Huynh – Performing Arts
Yeonjun Kim – Performing Arts
Vineyard Alternative School
Anastasia Krasnaya – Visual Arts
1 Item 3.2
PowerPoint Presentation
517
6/10/2024
1 Livermore Area Youth Advisory Commission
(LAYAC)
June 10, 2024
Presentation by LAYAC Chair Alexa Sumitra
Commission Overview
Staff Liaisons
➢Nathan Brumley – City of Livermore
➢Nancy Blair – LARPD
➢Tracie Christmas – LVJUSD
Location
➢Robert Livermore Community Center
Membership
➢2 year terms
➢18 members
➢15 youth members (ages 12-20)
➢3 adult non-voting members
Roster
• Youth Members: Greta Fick-Furlotte, Ashwin Gaur, Ally Grant, William Matishov, Addie McMichael, Sai Gayathri Penugonda, Isabel Roy, Isha Sahu, Jessica Seburn, Ojasvi Sharma, Samaira Grover (Communications Officer), Danielle Rasmussen (Secretary), Michael Zhang (Vice Chair), Alexa Sumitra (Chair) • Current Adult Members:Heater Mackey, Gurprem Singh
Meetings: Monthly, First Monday, 7:00 p.m.(unless otherwise noted) 1 2
Item 3.3
PowerPoint Presentation
518
6/10/2024
2 Duties and Responsibilities
• The Youth Advisory Commission brings together youth and adult, private and public sectors of the community to address responsibility for the care, health, safety, welfare and education of Livermore's young constituents • The Commission promotes youth involvement in local government through direct communication with City leadership
2024 Projects
3 4
Item 3.3
PowerPoint Presentation
519
6/10/2024
3 Collaborations
• Contributed a youth perspective on the City’s General Plan through small-group collaborations
• Represented LAYAC at the 2024 Tri-Valley Youth Commission Roundtable What’s Next
• Volunteering at Community Service Day
• Transitioning to a library program (restructuring our commission) • LYC 2024-25 recruitment
• LVJUSD middle school visits for incoming high school freshman • Assisting seniors with technology @ RLCC
5 6
Item 3.3
PowerPoint Presentation
520
6/10/2024
4 Thank you for your time!
7 Item 3.3
PowerPoint Presentation
521

INTEROFFICE MEMORANDUM
Date: June 10, 2024
To: Honorable Mayor and City Council
From: Joel Waxdeck, City Engineer
Dennis Aberion, Acting Construction Inspection Manager
Subject: Item 5.3: Notice of Completion – 2021 Slurry Seal Project (CIP 2021-04) This memo is to notify that there has been a minor change to the uploaded Notice of Completion, Exhibit A to the resolution.

Under “Project or Specified Part Shall Include:”, the Public Works Project Number used was the contract number (22-0131) instead of the Capital Improvement Project Number (2021-04).

The Notice of Completion has been updated to reflect the correct Public Works Project Number, 2021-04 and current Acting Construction Inspection Manager. 3 Item 5.3
Correction to Exhibit A of the Resolution
522
Item 5.3
Correction to Exhibit A of the Resolution
523

Item 5.14
Revised Investment Policy

INTEROFFICE MEMORANDUM

Date: June 10, 2024

To: Honorable Mayor and City Council

From: Tina Olson, Administrative Services Director

Subject: Item 5.14: Resolution approving the updated Investment Policy and the annual delegation of investment authority to the City Treasurer

This memo is to notify that there has been a change made to the proposed Investment Policy included in Item 5.14. Staff proposes to add the following section on Social Responsibility to the City’s Investment Policy:

“XII. SOCIAL RESPONSIBILITY

The City supports companies that consider long-term sustainability as part of their operations. When possible, it is the City’s policy to invest in companies that promote ESG (Environmental, Social, and Governance) factors, subject to the prudent investment standard. Additionally, the City prohibits direct investment in fossil fuel companies.” The Investment Policy has been updated to reflect this change and the modified version is before you for approval.

524
Item 5.14
Revised Investment Policy

INVESTMENT POLICY

Adopted: June 1026, 20243

Prepared By:

Administrative Services Department
525
Item 5.14
Revised Investment Policy

TABLE OF CONTENTS

Page
Section I Policy Introduction ......................................................................................... 1 Section II Scope .............................................................................................................. 1 Section III Prudence ......................................................................................................... 1 Section IV Investment Objectives .................................................................................... 2 Section V Authority to Invest Monies ............................................................................ 2 Section VI Ethics and Conflicts of Interest ...................................................................... 2 Section VII Authorized Financial Dealers & Institutions .................................................. 3 Section VIII Authorized and Suitable Investments .............................................................3 Section IX Collateralization .............................................................................................8 Section X Safekeeping and Custody ...............................................................................8 Section XI Maximum Maturities ......................................................................................8 Section XII Internal Control ..............................................................................................8 Section XIII Reports of Investment Activities ....................................................................9 Section XIV Adoption ..........................................................................................................9 Appendix A Glossary of Investment Terms ..................................................................... 10

526
Item 5.14
Revised Investment Policy

1 | P a g e

I. POLICY INTRODUCTION

Monies not required for immediate expenditure by the City of Livermore shall be invested in compliance with governing provisions of law and this policy. The City will maintain adequate cash availability and strive for a yield on invested idle funds which is commensurate with the objectives of safety of principal and liquidity.

II. SCOPE

This investment policy applies to all financial assets under direct control of the City of Livermore.

These funds are accounted for in the City's Annual Comprehensive Financial Report (ACFR) and include the General Fund, Special Revenue Funds, Capital Project Funds, Enterprise Funds, Internal Service Funds, certain Trust and Agency Funds, and other funds that may be created from time to time. The City holds no pension trust funds for which it is accountable.

This policy does not apply to investment activities of moneys held by a section 115 Trust for pension or other retirement benefits (OPEB). The City opened a combo 115 Trust in December of 2023 for both pension and OPEB benefits. Those funds are held by a trustee or fiscal agent and follow different guidelines for allowable investments for assets held in 115 Trusts due to their longer investment timeframe.

This policy does not apply to investment activities of moneys held by a trustee or fiscal agent and pledged to the payment or security of bonds or other indebtedness, or obligations under a lease, installment sale, or certificates of participation. Such funds are invested in accordance with the statutory provisions governing the issuance, or if there are no specific statutory provisions in accordance with the ordinance, resolution, indenture, or agreement of the City providing for the issuance. These funds are identified in the Balance Sheet/Statement of Net Position and in the notes to the Financial Statements of the City’s Annual Comprehensive Financial Report as “Cash and Investments with Trustee”.

III. PRUDENCE

The City adheres to the guidance provided by the "prudent investor standard," which obligates a trustee acting as a fiduciary to ensure that when investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Exercise of prudence considers the probable safety of capital as well as the probable income to be derived.

This standard of prudence shall be applied in the context of managing an overall portfolio.

Investment officials acting in accordance with written procedures and the investment policy and exercising due diligence shall be relieved of personal responsibility for an individual security's credit risk or market price changes, provided that deviations from expectation are reported in a timely fashion, and appropriate action is taken to control adverse developments. 527 Item 5.14
Revised Investment Policy

2 | P a g e

IV. INVESTMENT OBJECTIVES

The primary objectives, in priority order, of the City of Livermore's investment activities shall be:

 Safety of principal is the primary objective of the investment program.

Investments of the City of Livermore shall be undertaken in a manner that seeks to ensure that capital losses are avoided, whether they be from credit risk or market risk. To attain this objective, the portfolio will be diversified to avoid incurring unreasonable and avoidable risks associated with concentrating investments in specific security types, maturity segments, or in individual financial institutions.

 Liquidity of the portfolio guarantees the City's ability to meet all operating requirements which might reasonably be anticipated.

 Return on Investment. The City of Livermore's investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the City's investment risk constraints and the cash flow characteristics of the portfolio.

V. AUTHORITY TO INVEST MONIES

Pursuant to Chapter 2.28 of the Livermore Municipal Code, the Director of Administrative Services is authorized to assume and perform all municipal functions relating to investments of the City subject to the annual delegation of investment authority from the City Council to the City Treasurer pursuant to Government Code section 53607. The Director of Administrative Services serves as the City Treasurer pursuant to the City of Livermore Resolution No. 2022- 062.

The Director of Administrative Services shall establish written procedures for the operation of the investment program consistent with this policy. The City Treasurer/Director of Administrative Services may delegate the authority to conduct investment transactions and to manage the operation of the investment portfolio to other specifically authorized staff members. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Director of Administrative Services.

VI. ETHICS AND CONFLICTS OF INTEREST

Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. Investment officials shall disclose any material financial interests in financial institutions that conduct business within the City and they shall further disclose any material personal financial or investment positions that could be related to the performance of the City's portfolio. All persons authorized to place or approve investments shall report annually on Form 700 of the California Fair Political Practices Commission all required economic interests for that year. 528
Item 5.14
Revised Investment Policy

3 | P a g e

VII. AUTHORIZED FINANCIAL DEALERS & INSTITUTIONS

In order to provide for the optimum yield in the investment of the City funds, the City's investment procedures shall be designed to encourage competitive bidding on transactions from approved financial dealers and institutions. Selection of financial institutions and broker/dealers authorized to engage in transactions with the City shall be at the sole discretion of the City, or the City’s designated investment adviser.

Only authorized financial dealers and institutions defined under California Government Code Section 53601.5 shall be allowed to conduct business with the City. Authorized financial dealers and institutions defined under California Government Code Section 53601.5 shall be defined as one of the following:

(i) Direct issuers of securities, or
(ii) An institution licensed by the State of California as a broker-dealer, as defined in Section 25004 of the California Corporations Code, or
(iii) A member of a federally regulated securities exchange, or (iv) A national or state-chartered bank, a savings association or federal association, or (v) A brokerage firm designated as a primary government dealer by the Federal Reserve Bank.

No public deposit shall be made except in a qualified public depository as established by state laws.

SEC Registered Investment Advisers, authorized to provide investment services to the City, shall utilize broker-dealers who are duly licensed and authorized to provide investment services in the State of California.

The firms and individuals, providing investment services to the City, must be knowledgeable and experienced in public agency investing, institutional trading practices and the California Government Code as related to investments. In addition, anyone providing financial services to the City must adhere to the investment policies of the City of Livermore as adopted by the City Council. The broker/dealer firms should have the ability to meet all of their financial obligations in dealing with the City.

Any party directly executing investment transactions on behalf of the City shall sign a copy of this investment policy acknowledging comprehension and receipt.

VIII. AUTHORIZED AND SUITABLE INVESTMENTS

The City shall be governed by Government Code § 53600 et seq. The City's investment portfolio may include the instruments listed below, subject to the specific provisions of the Government Code, with any more restrictive credit rating minimums mentioned below.

1. U.S. Treasury obligations for which the full faith and credit of the United States are pledged for the payment of principal and interest. Up to 100 percent of the City’s investment portfolio may be invested in government obligations.

2. Federal agency or United States government-sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government-sponsored 529
Item 5.14
Revised Investment Policy

4 | P a g e

enterprises. This shall include any mortgage pass through security issued and guaranteed by a Federal Agency with a maximum final maturity of five years. There is no limit to that amount of the City’s portfolio that may be invested in Federal Agency or GSE securities.

3. State of California and Local Agency Obligations. (1) Obligations of the State of California or any local agency within the state, including bonds payable solely out of revenues from a revenue producing property owned, controlled or operated by the state or any local agency or by a department, board, agency or authority of the state or any local agency with a final maturity not exceeding five years from the date of trade settlement; (2) Obligations of the City of Livermore and the Successor Agency to the former Redevelopment Agency of the City of Livermore, including tax allocation bonds; and (3) Special Assessment District Improvement Bonds issued by the City of Livermore related to special assessment districts. Such obligations must be rated at least “A-1”, or the equivalent, short-term; or “A” or the equivalent, long-term by a NRSRO at the time of trade settlement. Unrated securities are acceptable if the underlying issuer meets the “A” credit rating criteria. Up to 100 percent of the City’s investment portfolio may be invested in California municipal obligations.

4. Registered treasury notes or bonds of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of these states. Such obligations must have a final maturity not exceeding five years from the date of trade settlement, and rated at least “A-1”, or the equivalent, short-term; or “A”, or the equivalent, long-term by a NRSRO at the time of trade settlement. Unrated securities are acceptable if the underlying issuer meets the “A” credit rating criteria.

5. Supranationals. United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank, with a final maturity not exceeding five years from the trade settlement, and eligible for purchase and sale within the United States. Supranationals shall be rated at least “AA” or the equivalent by a NRSRO at the time of purchase. The aggregate investment in supranationals shall not exceed 30% of the City’s total portfolio.

6. Repurchase Agreements and Reverse Repurchase Agreements used solely as short- term investments not to exceed 30 days. Up to 20 percent of the City’s investment portfolio may be invested in repurchase and reverse purchase agreements.

A. Repurchase agreements will be entered into subject to a Master Repurchase Agreement between the dealer and the City. The term of the agreement may not exceed one year. In addition, the market value of the securities that underlay a repurchase agreement must be valued at 102 percent or greater of the funds borrowed against those securities at the time of purchase and the value must be adjusted not less than quarterly. Since the market value of the underlying securities is subject to daily market fluctuations, the investments in repurchase agreements shall be in compliance if the value of the underlying securities is brought back to 102 percent no later than the next business day.

530
Item 5.14
Revised Investment Policy

5 | P a g e

B. Reverse repurchase agreements or securities lending agreements may be utilized only when all of the following conditions are met:

a. The security to be sold using a reverse repurchase agreement or securities lending agreement has been owned and fully paid for by the City for a minimum of 30 days prior to sale.
b. The total of all reverse repurchase agreements and securities lending agreement on investments owned by the City does not exceed 20 percent of the base value of the portfolio.
c. The term does not exceed a term of 92 days, unless the agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement or securities lending agreement and final maturity date of the same security. d. Funds obtained or funds within the pool of an equivalent amount to that obtained from selling a security to a counterparty using a reverse repurchase agreement or securities lending agreement shall not be used to purchase another security with a maturity longer than 92 days from the initial settlement date of the reverse repurchase agreement or securities lending agreement, unless the reverse repurchase agreement or securities lending agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement or securities lending agreement and the final maturity date of the same security.

7. Bankers' Acceptances, otherwise known as bills of exchange or time drafts that are drawn on and accepted by a commercial bank. Purchases of Banker's Acceptances may not exceed 180 days maturity or 40 percent of the City’s investment portfolio. However, no more than thirty percent of the agency’s money may be invested in bankers’ acceptance of any one commercial bank.

8. Commercial paper of “prime” quality of the highest ranking or of the highest letter and number rating as provided for by a nationally recognized statistical-rating organization (NRSRO). The entity that issues the commercial paper shall meet all of the following conditions in either paragraph (A) or paragraph (B):

A. The entity meets the following criteria: (a) Is organized and operating in the United States as a general corporation; (b) Has total assets in excess of five hundred million dollars ($500,000,000); (c) Has debt other than commercial paper, if any, that is rated “A” or higher by a nationally recognized statistical- rating organization (NRSRO).

B. The entity meets the following criteria: (a) Is organized within the United States as a special purpose corporation, trust, or limited liability company; (b) Has program wide credit enhancements including, but not limited to, over collateralizations, letters of credit, or surety bond; (c) Has commercial paper that is rated “A-1” or higher, or the equivalent, by a nationally recognized statistical- rating organization (NRSRO).
531
Item 5.14
Revised Investment Policy

6 | P a g e

Purchases of eligible commercial paper may not exceed 270 days maturity nor exceed 25 percent of the City's surplus funds. In addition, no more than 10 percent of the City’s total portfolio may be invested in any one issuer of commercial paper.

9. Medium-term corporate notes issued by corporations organized and operating within the United States or by depository institutions licensed by the U.S. or any state and operating within the U.S. Medium-term corporate notes shall be rated in a rating category "A" or its equivalent or better by a nationally recognized rating service. Further restrictions are a maximum term of five years to maturity and total investments in Medium Term Corporate Notes may not exceed 30 percent of the City's surplus money.

10. Insured/Collateralized Savings accounts. Deposits in FDIC insured financial institutions located in California including, but not limited to, demand deposit accounts, savings accounts, market rate accounts, negotiable order of withdrawal accounts, and non-negotiable certificates of deposits are required to be collateralized as specified under Government Code. Collateral may be waived for any portion that is covered by federal deposit insurance. The amount on deposit shall not exceed the shareholder’s equity of any depository bank, nor shall the deposit exceed the total net worth of any institution. In addition, the financial institution must have received a minimum overall satisfactory rating for meeting the needs of California Communities in its most recent evaluation under the Community Reinvestment Act.

11. FDIC insured or fully collateralized time certificates of deposit. Purchases of time certificates of deposit in combination with negotiable certificates of deposit may not exceed 30 percent of the City’s investment portfolio. For deposits exceeding $250,000 the City require that financial institution collateralize at 110%.

12. Negotiable certificates of deposit or deposit notes issued by a nationally or state- chartered bank or a state or federal savings and loan association or by a state or federal credit union or by a state-licensed branch of a foreign bank.

The City Council and the treasurer or other official of the City having legal custody of the money are prohibited from investing the City’s funds, or funds in the custody of the City, in negotiable certificates of deposit issued by a state or federal credit union if a member of the City Council of the City of Livermore or any person with investment decision making authority in the City Manager’s office, or administrative service department, or the City’s treasurer’s office also serves on the board of directors, or any committee appointed by the board of directors, or the credit committee or the supervisory committee of the state or federal credit union issuing the negotiable certificates of deposits.

Purchase of time certificates of deposit in combination with negotiable certificates of deposit may not exceed 30 percent of the City’s investment portfolio. 532
Item 5.14
Revised Investment Policy

7 | P a g e

13. State of California's Local Agency Investment Fund (LAIF). Investment in LAIF may not exceed the legally authorized limits.

14. Other JPA Investments (Shares of beneficial interest issued by a joint powers authority organized pursuant to Section 6509.7. These investments are similar to LAIF above in they are short-term liquidity investments.

14.15. A mortgage passthrough security, collateralized mortgage obligation, mortgage- backed or other pay-through bond, equipment lease-backed certificate, consumer receivable passthrough certificate, or consumer receivable-backed bond. Securities eligible for investment under this subdivision shall be rated in a rating category of “AA” or its equivalent or better by an NRSRO and have a maximum remaining maturity of five years or less. Purchase of securities authorized by this subdivision shall not exceed 20 percent of the agency's surplus moneys that may be invested pursuant to this section.

15.16. Mutual Funds (Shares of beneficial interest issued by diversified management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C.

Sec. 80a-1, et seq.)). The Mutual Fund must be restricted by its bylaws to the same investments as the local agency by the Government Code. These investments are Treasury issues, Federal Agency issues, State of California and City (within California) debt obligations, Bankers Acceptances, Commercial Paper, Certificates of Deposit, Negotiable Certificates of Deposit, Repurchase Agreements, Reverse Repurchase Agreements, Financial Futures and Financial Options and Medium Term Corporate Notes. The quality rating and percentage restrictions in each investment category applicable to the local agency also apply to the Mutual Fund. Shares of beneficial interest issued by diversified management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940. To be eligible for investment pursuant to this subdivision these companies shall either: (A) have attained the highest ranking or the highest letter and numerical rating provided by not less than two nationally recognized statistical rating organizations or (B) have an investment advisor registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience managing money market mutual funds and with assets under management in excess of $500,000,000.

A further restriction is that the purchase price of shares of the mutual funds shall not include any sales commission. Investments in mutual funds shall not exceed 20 percent of the local agency's surplus money. In addition, no more than 10 percent of the agency’s funds may be invested in shares of beneficial interest of any one Mutual fund.

If the Government Code is amended to allow additional investments or is changed regarding the limits on certain categories, the City is authorized to conform to the changes in the revised Code, provided that the changes are not specifically prohibited by the City's policy. These changes will presented in the annual review of the policy and will be incorporated into the policy at that time.

533
Item 5.14
Revised Investment Policy

8 | P a g e

IX. COLLATERALIZATION

California Government Code Sections 53651 through 53667 requires depositories to post certain types and levels of collateral for public funds above the Federal Deposit Insurance Corporation (FDIC) insurance amounts. The collateral requirements apply to bank deposits, both active (checking and savings accounts) and inactive (non-negotiable time certificates of deposit).

Collateralization will also be required on two other types of investments: certificates of deposit and repurchase (and reverse) agreements. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be 110% of market value of principal and accrued interest for government securities, or 150% for first trust deeds. Collateral will be held by the independent third-party custodian selected by the City. The right of collateral substitution is granted.

X. SAFEKEEPING AND CUSTODY

Securities transactions, including collateral for repurchase agreements, shall be executed on a delivery vs. payment (DVP) basis. Funds are not wire-transferred until securities are delivered into safekeeping with the City's third-party custodian. The custodial relationship is subject to an agreement for services which may be separate from the agreement for other banking services. The safekeeping requirement does not apply to L.A.I.F., purchase of mutual funds or securities which are physically delivered to the City.

XI. MAXIMUM MATURITIES

To the extent possible, the City will attempt to match its investments with anticipated cash flow requirements. No investment, except the bonds issued by the City of Livermore or by the Successor Agency to the former Redevelopment Agency of the City of Livermore, shall be made in any security, which has a term remaining to maturity in excess of five years at the time of the investment. Investments in the bonds issued by the Successor Agency to the former Redevelopment Agency of the City of Livermore or by the City of Livermore including Special Assessment District Improvement Bonds may have maturities exceeding five years for which no further City Council approval is required. The City Council may grant express authority to exceed this term for all other individual investments.

XII. SOCIAL RESPONSIBILITY

The City supports companies that consider long-term sustainability as part of their operations. When possible, it is the City’s policy to invest in companies that promote ESG (Environmental, Social, and Governance) factors, subject to the prudent investment standard. Additionally, the City prohibits direct investment in fossil fuel companies.

534
Item 5.14
Revised Investment Policy

9 | P a g e

XII. INTERNAL CONTROL

The Director of Administrative Services shall establish a system of internal controls. These controls shall be designed to prevent losses of public funds arising from fraud, employee error, misrepresentation by third parties, unanticipated changes in financial markets, or imprudent actions by employees and officers of the City.

XIII. REPORTS OF INVESTMENT ACTIVITIES

The Director of Administrative Services will make a monthly report to the City Council on the status of the City's Investment portfolio. These reports shall include information as to the type of investment, the amount of money invested with various institutions, market value for securities with a maturity of more than 12 months, purchase and maturity dates, rate of interest, and statement of portfolio liquidity.

XIV. ADOPTION

The investment policy shall be adopted by resolution of the City Council of the City of Livermore.

The policy shall be reviewed on an annual basis by the Director of Administrative Services to ensure its consistency with the overall investment objectives and relevance to current law, financial and economic trends, and cash flows needs of the City. Any modifications to the policy shall be approved by the City Council.

535
Item 5.14
Revised Investment Policy

10 | P a g e

APPENDIX A – GLOSSARY OF INVESTMENT TERMS

ACTIVE DEPOSITS Demand or checking accounts which receive revenues and pay disbursements.

AGENCIES/FEDERAL AGENCY OBLIGATIONS Securities issued by U.S. Government agencies or quasi-government agencies in order to supply credit to various classes of institutions or individuals. These issues are guaranteed directly or indirectly by the United States Government. All agency obligations qualify as legal investments and are acceptable as security for public deposits. They usually provide higher yields than regular Treasury issues and have many of the same advantages. Examples are:

 Federal Farm Credit Bank (FFCB) are notes and bonds used to finance the short and intermediate needs of farmers. They are issued monthly with three- and six-month maturities. The FFCB issues larger issues (one to ten years) on a periodic basis. Interest is calculated on a 360-day, 30-day month basis.
 Federal Home Loan Bank (FHLB) notes and bonds are issued by the FHLB to help finance the housing industry. These securities provide liquidity and mortgage credit to savings and loan associations, mutual savings banks, cooperative banks, insurance companies and mortgage-lending institutions. They are issued irregularly for various maturities. The minimum denomination is $5,000. The notes are issued with maturities of less than one year and interest is paid at maturity. The bonds are issued with various maturities and carry semi-annual coupons. Interest is calculated on a 360-day, 30-day month basis.
 Federal National Mortgage Association (FNMA) Fannie Maes are used to assist the home mortgage market by purchasing mortgages insured by the Federal Housing Administration and the Farmers Home Administration, as well as those guaranteed by the Veterans Administration. They are issued about four times a year for maturities ranging from a few months to eight years. They are issued in minimum denominations of $10,000.

They carry semi-annual coupons. Interest is computed on a 360-day, 30-day month basis.  Federal Home Loan Mortgage Corporation (FHLMC) Freddie Mac is a publicly chartered agency that buys qualifying residential mortgages from lenders, packages them into new securities backed by those pooled mortgages, provides certain guarantees, and then resells the securities on the open market.
 Government National Mortgage Association (GNMA) Ginnie Mae is a government owned corporation and an agency of the U.S. Department of Housing and Urban Development. GNMA guarantees, with the full faith and credit of the U.S. Government, full and timely payment of all monthly principal and interest payments on the mortgage- backed pass-through securities of registered holders. The securities, which are issued by private firms such as mortgage bankers and savings institutions, and which are typically marketed through security broker/dealers, represent pools of residential mortgages. 536
Item 5.14
Revised Investment Policy

11 | P a g e

ASKED The price at which securities are offered.

BANKERS ACCEPTANCES short term credit arrangements to enable businesses to obtain funds to finance commercial transactions. They are time drafts drawn on a bank by an exporter or importer to obtain funds to pay for specific merchandise. By its acceptance, the bank becomes primarily liable for the payment of the draft at maturity. An acceptance is high grade negotiable instrument. Acceptances are purchased in various denominations for 30 to 180 days. The interest is calculated on a 360 day discount basis similar to Treasury Bills.

BID The price offered for securities.

BONDS ISSUED BY THE LOCAL AGENCY Include both taxable and tax-exempt bonds issued by the City or another municipality or local agency. A possible application for purchasing tax-exempt bonds would be to qualify for an exception from rebate requirements under the Tax Reform Act of 1986.

BOOK VALUE The value at which a debt security is shown on the holder's balance sheet. Book value is acquisition cost less amortization of premium and sometimes plus accretion of discount.

BROKER A broker brings buyers and sellers together for a commission paid by the initiator of the transaction or by both sides. In the money market, brokers are active in markets in which banks buy and sell money and in interdealer markets.

COLLATERAL Securities, evidence of deposit or other property which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies.

COMMERCIAL PAPER A short term unsecured promissory note issued by a corporation to raise working capital. These negotiable instruments may be purchased at a discount to par value or interest bearing. Commercial paper is issued by corporations such as Ford Motor Credit Corporation, Amex, General Electric, Bank of America, Wells Fargo Bank, etc.

Local agencies are permitted by state law to invest in commercial paper of "prime" quality of the highest ranking or of the highest letter and numerical rating as provided by a nationally-recognized credit rating agency.

COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR) is the audited annual financial report of the City prepared in conformity with GAAP. It has five sections, Introductory, Basic Financial Statements, Notes to Financial Statements, Supplemental Information, and Statistical Section. Basic Financial Statements includes government wide financial statements and fund financial statements for governmental and proprietary funds. 537
Item 5.14
Revised Investment Policy

12 | P a g e

COUPON (1) The annual rate of interest that a bond's issuer promises to pay the bondholder on the bond's face value. (2) A certificate attached to a bond evidencing interest due.

DEALER A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own account.

DEBENTURES Bonds secured only by the general credit of the issuer.

DELIVERY VS. PAYMENT (DVP) Delivery versus payment is delivery of securities with an exchange of money for the securities.

DERIVATIVES Financial products that are dependent for their value on, or derived from, an underlying financial instrument (such as stocks, bonds or foreign currencies), a commodity, or an index representing values of groups of such instruments or assets. Examples are interest rate swaps, futures, options, and forwards. Participants in derivatives markets include dealers and end users (including financial institutions, commercial firms, mutual funds, pension funds, state and local governments) and entities that use derivatives to hedge financial risks or to speculate. As of January, 1996 California state law prohibits investment in inverse floaters, range notes, interest only strips, or securities resulting in zero interest accrual. Local agencies currently holding any of these securities may retain them until maturity.

DISCOUNT The difference between the cost price of a security and its value at maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be at a discount.

DISCOUNT RATE The discount rate is the interest rate charged to depository institutions when they borrow from their district Federal Reserve banks. The discount rate is typically lower than the federal funds rate. Any change in the discount rate requires a majority vote of the seven Fed governors and must be based on a request from one or more of the Fed's twelve regional reserve banks.

DIVERSIFICATION Dividing investment funds among a variety of securities offering independent returns.

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) A federal agency that insures bank deposits up to $250,000 per depositor.

FEDERAL FUNDS (1) Non-interest bearing deposits held by member banks at the Federal Reserve. (2) Used to denote "immediately available" funds in the clearing sense.

FEDERAL FUNDS RATE The rate of interest at which Fed funds are traded. The federal funds rate is the rate charged on overnight loans between banks. This rate is currently pegged by 538
Item 5.14
Revised Investment Policy

13 | P a g e

the Federal Reserve through open market operations. For instance, if the FOMC decides to raise the federal funds rate, it directs the Federal Reserve Bank of New York to sell government securities on the Fed's behalf. Changes in the federal funds rate may be done without changing the discount rate.

FEDERAL OPEN MARKET COMMITTEE (FOMC) Consists of seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank Presidents. The Committee normally meets eight times per year to set Fed guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money.

FEDERAL RESERVE SYSTEM The central bank of the U.S. created by Congress consists of a seven member Board of Governors, 12 regional banks and 5,700 commercial banks that are members. California is in District 12 which encompasses the nine western states.

FINANCIAL FUTURES AND FINANCIAL OPTIONS Are forward contracts for securities and is a type of derivative. The government code states that a local agency may incur future contracts/options in any of the investment securities enumerated in §53601, a- m.

GUARANTEED INVESTMENT CONTRACTS (GICs) An agreement acknowledging receipt of funds for deposit, specifying terms for withdrawal, and guaranteeing a rate of interest to be paid.

FISCAL POLICY Congressional manner of managing taxes and public spending through budget actions, with the goal of full employment and economic growth. Contrasts with monetary policy through the Fed, used to regulate the economy.

INACTIVE DEPOSITS Certificates of deposit issued in any amount for periods of time as short as fourteen days and as long as several years. Interest must be calculated on a 360 day basis, actual number of days.

INTEREST-BEARING ACTIVE DEPOSITS Money market accounts at a financial institution (i.e., bank, savings and loan, credit union). These accounts are demand accounts (i.e., checking accounts) with restricted transaction activity.

LOCAL AGENCY INVESTMENT FUND (L.A.I.F.) is a special fund in the State Treasury created pursuant to Government Code § 16429.1 which local agencies may use to deposit funds for investment. There is no minimum investment period and the minimum transaction is $5,000, in multiples of $1,000 above that, with a maximum of $65 million for any agency. It offers high liquidity because deposits can be converted to cash in twenty four hours and no interest is lost. All interest is distributed to participating agencies on a proportionate share determined by the amounts deposited and the length of time they are 539
Item 5.14
Revised Investment Policy

14 | P a g e

deposited. Interest is credited quarterly.

LIQUIDITY A liquid asset is one that can be converted easily into cash without substantial loss of value. In the money market, a security is liquid if the spread between bid and asked prices is narrow and reasonable size can be done at those quotes.

MARKET VALUE The price at which a security is trading and could be purchased or sold.

MATURITY The date upon which the principal or stated value of an investment becomes due and payable.

MEDIUM TERM CORPORATE NOTES Unsecured promissory notes issued by a corporation organized and operating in the United States. These are negotiable instruments and are traded in the secondary market. Medium Term Corporate Notes can be defined as extended maturity commercial paper. Corporations use these notes to raise capital.

Examples of issuers are General Electric Credit Corporation, Exxon, Chevron etc.

MONETARY POLICY The way in which the money supply is managed by the Federal Reserve Board. The Fed manipulates the money supply either through open market transactions, member bank reserve requirements, or through changing the discount rate.

MONEY MARKET The market in which short-term debt instruments are issued and traded.

MUTUAL FUNDS are referred to in Government Code § 53601(j) as "shares of beneficial interest issued by diversified management companies". The Mutual Fund must be restricted by its bylaws to the same investments as the local agency by the Government Code. These investments are Treasury issues, Federal Agency issues, State of California and City (within California) debt obligations, Bankers Acceptances, Commercial Paper, Certificates of Deposit, Negotiable Certificates of Deposit, Repurchase Agreements, Reverse Repurchase Agreements, Financial Futures and Financial Options and Medium Term Corporate Notes. The quality rating and percentage restrictions in each investment category applicable to the local agency also apply to the Mutual Fund.

NEGOTIABLE CERTIFICATES OF DEPOSIT are unsecured obligations of the financial institution. Securities are generally issued in bearer form and pay interest at maturity.

Although negotiable, a strong secondary market exists only in the NCD's issued by the largest United States banks. These securities generally trade with minimum amounts of $1 million per trade with the average trade in the secondary market of $5 million.

NON-NEGOTIABLE CERTIFICATES OF DEPOSIT are investments for inactive funds issued by banks, savings and loans and credit unions. Investments of $250,000 are insured by Federal Deposit Insurance Corporation (FDIC). Certificates of Deposit can be issued from 14 days to several years in maturity.
540
Item 5.14
Revised Investment Policy

15 | P a g e

OPEN MARKET OPERATIONS Open market operations are the Fed's most important and most flexible monetary policy tool. Purchases of government and certain other securities inject reserves into the bank system and stimulate growth of money and credit; sales of securities have a tightening effect.

PASSBOOK SAVING ACCOUNTS Similar to inactive deposits except they are not for a fixed term. The interest rate is typically lower than for CDs.

PORTFOLIO Collection of securities held by an investor.

PREMIUM (1) The amount by which the trading price of an issue exceeds the issue's par value. (2) The amount that must be paid in excess of pay to call or refund an issue before maturity. (3) In money markets, the fact that a particular bank's CDs trade at a rate higher than others of its class, or that a bank has to pay up to acquire funds.

PRIMARY DEALER A group of government securities dealers that submit daily reports of market activity and positions to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include SEC registered securities broker-dealers, banks, and a few unregulated firms.

PRIME RATE The rate at which banks lend to their best or prime customers. The all-in cost of a bank loan to a prime credit equals the prime rate plus the cost of holding compensating balances.

QUALIFIED PUBLIC DEPOSITORIES A financial institution which does not claim exemption from the payment of any sales or compensating use or ad valorem taxes under the laws of the State of California, which has segregated for the commission eligible collateral having a value of not less than its maximum liability and which has been approved by the Public Deposit Protection Commission to hold public deposits.

RATE OF RETURN The yield obtainable on a security based on its purchase price or its current market price. This may be the amortized yield to maturity on a bond or the current income return.

REPURCHASE AGREEMENTS Short term investment transactions. Banks buy temporarily idle funds from a customer by selling him U.S. Government or other securities with a contractual agreement to repurchase the same securities on a future date. Repurchase agreements are typically for one to ten days in maturity. The customer receives interest from the bank. The interest rate reflects both the prevailing demand for Federal Funds and the maturity of the repo.
541
Item 5.14
Revised Investment Policy

16 | P a g e

REVERSE REPURCHASE AGREEMENTS Are mirror image of a repurchase agreement. In exchange for using the local agency's securities as collateral, a dealer makes cash available to purchase additional securities at a higher rate. Such arbitrage book can generate incremental income by profiting from the difference in interest rates.

RISK Degree of uncertainty of return on an asset.

SAFEKEEPING A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank's vaults for protection.

SECONDARY MARKET A market made for the purchase and sale of outstanding issues following the initial distribution.

SEC RULE 15C3-1 See uniform net capital rule.

SECURITIES & EXCHANGE COMMISSION (SEC) Agency created by Congress to protect investors in securities transactions by administering securities legislation.

SETTLEMENT DATE The date on which a trade is cleared by delivery of securities against funds. The settlement date may be the trade date or a later date.

SHARES OF BENEFICIAL INTEREST are issued by diversified management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940. See also Mutual Funds.

YIELD The rate of annual income return on an investment, expressed as a percentage. (1) Income yield is obtained by dividing the current dollar income by the current market price for the security. (2) Yield to maturity or net yield is the current income yield minus any premium or plus any discount, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond.

UNIFORM NET CAPITAL RULE SEC requirement that member firms as well as nonmember broker-dealers in securities maintain a maximum ratio of indebtedness to liquid capital of 15:1; also called net capital rule and net capital ratio.

U.S. TREASURY ISSUES are direct obligations of the United States Government. These issues are as follows:
 Treasury Bills are issued weekly with maturity dates from 13 weeks up to one year. They are issued and traded on a discount basis and are also known as discount securities. Interest is computed on a 360-day basis, actual number of days. They are issued in amounts of $10,000 and up in multiples of $5,000 and are a highly liquid security. 542
Item 5.14
Revised Investment Policy

17 | P a g e

 Treasury Notes are initially issued with 2 to 10 year maturities. They are actively traded in the secondary market and are very liquid. The Treasury may issue notes with a minimum of $1,000, however, $5,000 is more common.
 Treasury Bonds are long-term securities having initial maturities of more than 10 years.

543
6/10/2024
1 Authorization to Negotiate
Development Agreement 24-002
June 10, 2024
Andy Ross, Economic Development Manager
Project Site and Current Conditions
• 27 acre site in the Isabel
Neighborhood.
• Located at northern end of
Triad Drive (AKA Comcast
Place).
• Adjacent to existing and
entitled residential uses.
• High vacancy.
• Low demand for office.
1 2
Item 6.1
PowerPoint Presentation
544
6/10/2024
2 Isabel Neighborhood Specific Plan
• Specific Plan Intent: Create a
complete, walkable, amenity-rich
neighborhood in proximity to
regional transit (Valley Link).
• Site is currently designated for
business park uses consistent
with the property’s existing site
layout and building types.
• Demand for office space has
declined significantly; the
property is mostly vacant.
• Applicant seeks a Specific Plan
Amendment to convert the site to
residential uses.

Project
Site
Development Agreement
Staff proposes to negotiate terms and
timing of funding contributions:
– Community Benefit Fund:
• economic incentive
programs
• public facilities
investments
– Social Opportunity Endowment
Fund:
• human service programs
3 4
Item 6.1
PowerPoint Presentation
545
6/10/2024
3 Staff Recommendations
Staff recommends the City Council adopt a resolution authorizing staff to proceed with negotiating terms for a Development Agreement (DA24-002) to be considered by the City Council at a later date concurrently with review of corresponding Isabel Neighborhood Specific Plan amendments. 5 Item 6.1
PowerPoint Presentation
546
6/10/2024
1 Draft Preferred Land Use Scenario
June 10, 2024
Andy Ross, Economic Development Manager
General Plan Update: Project Overview
• Completed tasks:
– Visioning
– Research and Analysis
– Housing Element Update
• Current tasks:
– Preferred Land Use Scenario
– Policy Development
• Upcoming tasks:
– Draft General Plan
– General Plan EIR
1 2
Item 7.1
PowerPoint Presentation
547
6/10/2024
2 General Plan Land Use Map
Map and designations
determine:
• What can be built
• Where uses can be
built
• At what intensity or
density
Focus Areas
3 4
Item 7.1
PowerPoint Presentation
548
6/10/2024
3 Vasco Row Preferred Scenario
Planning Commission Recommendation:
• Increase and implement mixed
industrial/commercial to support Makers
Village: breweries, distilleries,
wine making, and other uses .
• Facilitate Wine Country uses on east
side of Vasco Rd.
• Conduct comprehensive/district plan to
address parking, lighting, circulation,
economic incentives, and feasible and
compatible housing.

Committee Preferred Scenario
Laughlin Road Focus Area
Planning Commission Recommendation:
 Reduce the medium high density
residential use to medium density to be
more compatible with surrounding
neighborhoods
 Allow general commercial with general
industrial
 Ensure appropriate interface between
medium density to the
existing neighborhoods
Committee Preferred Scenario
5 6
Item 7.1
PowerPoint Presentation
549
6/10/2024
4 Midtown Focus Area
Planning Commission Recommendations
 Proceed with a specific plan to address:
 Valley Link – Station area planning
and parking considerations
 Circulation and access
 Housing targets
 Neighborhood services and
infrastructure
 Job creation and amenities
 Specific Plan should support transit
but not be dependent on transit; the
neighborhood should stand on its own
Committee Preferred Scenario
General Plan Map - Midtown
General Plan Map – Midtown Area Designation Specific Plan Land Use Map** 7 8
Item 7.1
PowerPoint Presentation
550
6/10/2024
5 East of Greenville Future Study Area
Planning Commission Recommendation:
 Identify as a future study area
 Establish policy parameters identifying what and
when to study the area.
 Potential triggering events or parameters could
include:
 Economic development
 Opportunity for substantial benefit
to community
 Impacts to current land uses
 Opportunity to improve quality of life
Citywide Land Use Scenario
Midtown Specific Plan
Future Study Area
Vasco Row District Plan
9 10
Item 7.1
PowerPoint Presentation
551
6/10/2024
6 Staff Recommendations
Staff recommends City Council:

1. Approve the General Plan Advisory Committee’s preferred land use scenario, which includes the Laughlin, Vasco Row, and Midtown focus areas, subject to the Planning Commission recommendations.

2. Identify East of Greenville as a future study area and direct staff to develop policy direction identifying the conditions under which to study f
uture land use changes, consistent with Planning Commission recommendations.

3. Direct staff to proceed with finalizing the General Plan land use map, developing the General Plan policy framework, and conducting the General Plan environmental analysis.

COMMUNITY PILLAR
4: Inclusive & Inviting Spaces & Places
GOAL
4: Continue to complete the General Plan Update
11 Item 7.1
PowerPoint Presentation
552
Council Member
Date of
Meeting or
Event Committee or Organization
Meeting or Event Type (ex. board meeting or
ribbon cutting) Summary of Meeting or Event
Mayor Marchand 5/13/2024
Alameda County Transportation Commission
(ACTC)
Advocacy Trip in Washington D.C. 5/13/24 -
5/16/24
Met with our Congressional representatives, their
staffs and representatives from the DOT and FHWA
Mayor Marchand 5/17/2024 Las Positas College/Innovation Tri-Valley Energy symposium Presented a talk at the Energy Symposium Mayor Marchand 5/18/2024 Las Positas College Veterans First Graduation ceremony Spoke and presented Certificates at the Veterans
First Graduation
Mayor Marchand 5/19/2024 Livermore Yotsukaido Sister City Organization Meeting Orientation for the students going to Japan.

Mayor Marchand 5/21/2024 Livermore Downtown, Inc. Groundbreaking Blacksmith Square groundbreaking Mayor Marchand 5/22/2024 Livermore Valley Chamber of Commerce Board Meeting Provided and update on City activities. Approved
financials
Mayor Marchand 5/22/2024 Tri-Valley Cities Council Dinner meeting and updates Provided welcome comments, heard a report on
Livermore's mobile evaluation crisis team, our
emotional support dogs and updates from the
League of California Cities and Townsend and
Associates.

Mayor Marchand 5/23/2024 City of Livermore State of the City Address Provided an historical and current perspective on
what makes Livermore special and how the spirit is
different here.

Mayor Marchand 5/27/2024
City of Livermore/Veterans of Foreign Wars (VFW)
Post 7265 Memorial Day Ceremony
Spoke at the event and honored the veterans who
have died.

Mayor Marchand 5/30/2024 City of Livermore Livermorium Day Celebration Attended and spoke at the Livermorium Day
festivities and honored some of our students and
young poets.

Mayor Marchand 5/30/2024 Livermore Valley Winegrowers Association Annual Dinner Attended the event.

Mayor Marchand 5/31/2024 LPFD Walk-off retirement
Attended and presented a Proclamation at the walk-
off retirement for Battalion Chief Craig LaRont.

Mayor Marchand 6/5/2024 Chamber of Commerce Business Alliance Provided a City update and heard a report of the Tri-
Valley Nonprofit Alliance
Mayor Marchand 6/5/2024 Livermore Stockmen's Rodeo Association Mixer Attended the Mixer and Competition Mayor Marchand 6/6/2024 City of Livermore Celebration of Life Attended the celebration of life for retired
Livermore teacher Lou Anne Martin.

Mayor Marchand 6/8/2024 Livermore Stockmen's Rodeo Association Rodeo Parade Rode in and watched the Annual Rodeo Parade Mayor Marchand 6/8/2024 City of Livermore Library Anniversary Celebration Spoke and presented a Proclamation at the
celebration honoring the 20th Anniversary of the
Livermore Civic Center Library.

Mayor Marchand 6/8/2024 Livermore Stockmen's Rodeo Association Rodeo Attended the annual running of the World's Fastest
Rodeo
Item 8.0
Council Reports
553
Council Member
Date of
Meeting or
Event Committee or Organization
Meeting or Event Type (ex. board meeting or
ribbon cutting) Summary of Meeting or Event
Mayor Marchand 6/10/2024
Alameda County Transportation Commission
(ACTC)
Meeting of the Planning, Policy and
Legislation Committee
Heard updates on proposed legislation, the Student
Bus Pass program, the paratransit and safe routes
to schools programs. Controversial SB1031 was
withdrawn by the authors.

Item 8.0
Council Reports
554
Council Member
Date of
Meeting or
Event Committee or Organization
Meeting or Event Type (ex. board meeting
or ribbon cutting)
Vice Mayor Carling 5/15/2024
Livermore-Amador Valley Water Management Agency
(LAVWMA) Board meeting
Vice Mayor Carling 5/17/2024 Alameda County Open Space Committee Board meeting Vice Mayor Carling 5/22/2024 StopWaste Board meeting
Vice Mayor Carling 5/22/2024 Tri-Valley Cities Council Meeting Vice Mayor Carling 5/23/2024 City of Livermore State of the City Address Vice Mayor Carling 5/27/2024 City of Livermore Memorial Day Remembrance Vice Mayor Carling 5/29/2024 I-GATE Board meeting
Vice Mayor Carling 5/30/2024 City of Livermore Livermorium Day Celebration Item 8.0
Council Reports
555
Council Member
Date of
Meeting or
Event Committee or Organization
Meeting or Event Type (ex. board meeting or
ribbon cutting) Summary of Meeting or Event
Council Member Barrientos 5/15/2024 Ava Community Energy Meeting Dealing with compensation for new CEO postponed
a vote on whether to buy nuclear power
Council Member Barrientos 5/21/2024 City Council Blacksmith Square Groundbreaking Groundbreaking Item 8.0
Council Reports
556
Council Member
Date of
Meeting or
Event Committee or Organization
Meeting or Event Type (ex. board meeting or ribbon
cutting)
Council Member Branning 6/8/2024 Livermore Rotary Rodeo Parade Council Member Branning 6/3/2024 Livermore-Amador Valley Transit Authority (LAVTA) Board of Directors Meeting Council Member Branning 5/27/2024 Livermore Valley Post 7265 Veterans of Foreign Wars Memorial Day Remembrance Council Member Branning 5/22/2024 Tri-Valley Cities Council City Council Dinner Council Member Branning 5/19/2024 Livermore Downtown Inc. Volunteer Pouring for Street Fest Council Member Branning 5/15/2024
Livermore-Amador Valley Water Management Agency
(LAVWMA) Board of Directors Meeting
Item 8.0
Council Reports
557