Agenda packet — Los Altos City Council, March 8, 2022 (part 1 of 3)

CITY COUNCIL MEETING
AGENDA
7:00 PM - Tuesday, March 08, 2022
via Teleconference
Please Note: Per California Executive Order N-29-20, the City Council will meet via Telephone/Video Conference Only.

Telephone: 1-650-242-4929 Meeting ID: 146 455 8859
https://webinar.ringcentral.com/j/1464558859
TO PARTICIPATE VIA VIDEO: Follow the link above. Members of the public will need to have a working microphone on their device and must have the latest version of Ringcentral installed (available at http://www.ringcentral.com/download.html). To request to speak, please use the “Raise hand” feature located at the bottom of the screen.

TO PARTICPATE VIA TELEPHONE: Members of the public may also participate via telephone by calling the number listed above. To request to speak, press *9 on your telephone.

TO SUBMIT WRITTEN COMMENTS: Prior to the meeting, comments on matters listed on the agenda may be emailed to [email protected]. Emails sent to this email address are sent to/received immediately by the City Council. Please include a subject line in the following format:

PUBLIC COMMENT AGENDA ITEM ## - MEETING DATE
Correspondence submitted in hard copy/paper must be received by 2:00 PM on the day of the meeting to ensure distribution prior to the meeting. Correspondence received prior to the meeting will be included in the public record. .

Public testimony will be taken at the direction of the Mayor, and members of the public may only comment during times allotted for public comments.

AGENDA

CALL MEETING TO ORDER

ESTABLISH QUORUM

PLEDGE ALLEGIANCE TO THE FLAG

REPORT ON CLOSED SESSION

SPECIAL ITEM
A. Proclamation in Recognition of Nowruz

CHANGES TO THE ORDER OF THE AGENDA
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PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
Members of the audience may bring to the Council's attention any item that is not on the agenda. Speakers are generally given two or three minutes, at the discretion of the Mayor. Please be advised that, by law, the City Council is unable to discuss or take action on issues presented during the Public Comment Period. According to State Law (also known as “The Brown Act”) items must first be noted on the agenda before any discussion or action.

CONSENT CALENDAR
These items will be considered by one motion unless any member of the Council or audience wishes to remove an item for discussion. Any item removed from the Consent Calendar for discussion will be handled at the discretion of the Mayor.

1. Minutes: Approve Minutes of the February 22, 2022 City Council Meeting (A. Rodriguez)

2. Quarterly Investment Portfolio Report : Receive the Investment Portfolio Report through December 31, 2021. (J. Furtado)

3. Final Map and Subdivision Agreement - 4848 El Camino Real: Authorize the City Manager to execute the Subdivision Improvement Agreement and approve the Final Map for Tract Map #10552 - 4848 El Camino Real (H. Musaefendic)

4. Professional Services Contract: Adopt Resolution authorizing the City Manager to enter into a one-year contract extension with Maze & Associates, at a cost not to exceed $52,175, for professional auditing services for the year ended June 30, 2022. (J. Furtado)

5. Zoning Text Amendment Ordinance (ZTA 21-005) Hold second reading and adopt Ordinance No. 2022-485 amending Titles 1 and 14 of the Los Altos Municipal Code relating to appeals, ongoing maintenance of required landscape features, inclusionary housing requirements for certain housing development projects, and density bonuses; consideration of CEQA exemption finding pursuant to CEQA Guidelines section 15061(b)(3); consideration of Planning Commission recommendation to study feasibility of proposed inclusionary housing requirements

6. Annual Report from Independent Intake Official: Receive annual report from Independent Intake Official regarding Police complaints (A. Galea/S.Atigh)

7. Extension of Local Emergency: Adopt Resolution extending the declaration of a local emergency due to the COVID-19 pandemic. (J. Maginot)
PUBLIC HEARINGS - None

DISCUSSION ITEMS

8. Historic Landmark Designation - American Legion Hall, 347 First Street: Consider request of property owners to designate the American Legion Hall at 347 First Street as a Historic Landmark and adopt the Resolution making findings that the designation is categorically exempt from CEQA and designate 347 First Street as a Historic Landmark pursuant to Los Altos Municipal Code Section 12.44.070. The Historical Commission has recommended approval of this designation.(S. Gallegos)
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9. 2022 Climate Action and Adaptation Plan: Consider and approve the 2022 Climate Action and Adaptation Plan (CAAP), an update to the 2013 Climate Action Plan (CAP), and make findings that the project is categorically exempt from CEQA pursuant to section 15308 as an action that will not have a significant impact on the environment, specifically, for the protection of the climate. (L. Simpson/B. Ford)

10. Police Facility Study Session Follow Up: Consider report, discuss and provide direction to staff including adoption of a resolution authorizing the City Manager to allocate park in lieu funds in an amount not to exceed $200,000 for the appointment of a Municipal Advisor, Ballot Measure Consultant, and a Polling Company and amending the Fiscal Year Operating Budget (G.

Engeland)

11. Historic Resource Inventory (HRI): Review and discuss designation process, criteria and application of Historic Review and Historic Resource/Inventory Designation. (S. Golden/L.

Simpson)

12. Commission Appointments: Consider Commission applications and make appointments as appropriate (A. Chelemengos)

13. Council Legislative Subcommittee Update And Potential Council Action: Receive update from the City Council Legislative Subcommittee; discuss pending legislation. (Mayor Enander; Council Member Lee Eng)

INFORMATIONAL ITEMS ONLY
A. Tentative Council Calendar

COUNCIL/STAFF REPORTS AND DIRECTIONS ON FUTURE AGENDA ITEMS

ADJOURNMENT
(Council Norms: It will be the custom to have a recess at approximately 9:00 p.m. Prior to the recess, the Mayor shall announce whether any items will be carried over to the next meeting. The established hour after which no new items will be started is 11:00 p.m. Remaining items, however, may be considered by consensus of the Council.)

SPECIAL NOTICES TO THE PUBLIC
In compliance with the Americans with Disabilities Act, the City of Los Altos will make reasonable arrangements to ensure accessibility to this meeting. If you need special assistance to participate in this meeting, please contact the City Clerk 72 hours prior to the meeting at (650) 947-2610.

Agendas Staff Reports and some associated documents for City Council items may be viewed on the Internet at http://www.losaltosca.gov/citycouncil/online/index.html.

All public records relating to an open session item on this agenda, which are not exempt from disclosure pursuant to the California Public Records Act, and that are distributed to a majority of the legislative body, will be available for public inspection at the Office of the City Clerk’s Office, City of Los Altos, located at One North San Antonio Road, Los Altos, California at the same time that the public records are distributed or made available to the legislative body. 3 3/8/2022 CITY COUNCIL MEETING AGENDA Page 4 of 4
If you wish to provide written materials, please provide the City Clerk with 10 copies of any document that you would like to submit to the City Council for the public record. 4 Proclamation of the Mayor
of the City of Los Altos, California
WHEREAS, different cultures celebrate a New Year at various times as a way to look forward with joy and optimism; and WHEREAS, Nowruz, meaning “New Day,” marks the vernal equinox and the beginning of spring, and is about celebrating renewal; and WHEREAS, Nowruz is one of the oldest of humanity’s holidays – extending perhaps 5,000 years; and WHEREAS, the celebration of Nowruz promotes values of peace and solidarity between and within families and neighborliness, thus contributing to cultural diversity and friendship among peoples and different communities; and WHEREAS, Nowruz, also transliterated as Nawrouz, Novruz, Nowrouz, Nauryz, Nooruz, Navruz, marks the start of the new year for more than 300 million people including Iranian, Afghani, Tajik, Kurdish, Turkish, Uzbek, Balouch, Kyrgyz, Parsi, and Azeri communities; faith communities such as Zoroastrian, Muslim, Jewish, Christian and Baha’i; and those who trace their heritage to many locations in the Persian Gulf, the Balkans, the Black Sea Basin, the Caucasus, Central Asia, the Middle East and other regions; and WHEREAS, Nowruz is a holiday on the UNESCO list of Intangible Cultural Heritage of Humanity, and WHEREAS, many who celebrate Nowruz honor nature with traditions such as street performances of music and dance, public rituals involving fire and water, traditional sports and the making of handicrafts; and WHEREAS, Nowruz concludes after 13 days with the gathering of family and friends in natural environments; and WHEREAS, after a year of darkness and being apart from one another, Nowruz is the messenger of better, brighter days ahead and a reminder of what connects all people as a community;
NOW THEREFORE BE IT RESOLVED, that I, Anita Enander, Mayor of the City of Los Altos, and on behalf of the entire Los Altos City Council, do hereby
(1) Recognize the cultural and historical significance of Nowruz; (2) In observance of Nowruz, express our deepest respect for all individuals throughout the world who celebrate this significant occasion and wish them “Nowruz Mobarak;” and
(3) Hope that the symbolism of Nowruz – for better, brighter days ahead – will be shared by all in our community for the coming year.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the City of Los Altos this 8th day of March, 2022. ____________________________________
Anita Enander, MAYOR
5 Agenda Item # A.

CITY COUNCIL MEETING

MINUTES
7:00 PM - Tuesday, February 22, 2022
via Teleconference

CALL MEETING TO ORDER
At 7:01 p.m. Mayor Enander called the meeting to order.

ESTABLISH QUORUM
PRESENT: Council Member Fligor, Lee Eng, Weinberg, Vice Mayor Meadows and Mayor Enander ABSENT: None

PLEDGE ALLEGIANCE TO THE FLAG
Arya Tatavarty, with Troop 60430, let the Pledge.

REPORT ON CLOSED SESSION
There was no closed session, therefore nothing to report.

SPECIAL ITEMS
A. Proclamation of the month of March to be Youth Art Month Mayor Enander presented the Proclamation.

CHANGES TO THE ORDER OF THE AGENDA
No changes were made to the agenda.

PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
There was no public comment.

CONSENT CALENDAR
Council Member Lee Eng pulled Item 3 from Consent for discussion and was placed after the Public Hearing by Mayor Enander.

1. Minutes: Approve Minutes of the February 8, 2022 Regular City Council Meeting

2. SB 1383 Local Assistance Grant: Adopt Resolution 2022-XX authorizing submittal of an application for CalRecycle payment programs and related authorizations Upon motion made by Vice Mayor Meadows, seconded by Council Member Weinberg, the Consent Calendar was approved 5-0 with the following roll call vote:
6 Agenda Item # 1.
2/22/2022 CITY COUNCIL MEETING MINUTES Page 2 of 5
AYES: Council Member Fligor, Lee Eng, Weinberg, Vice Mayor Meadows, Mayor Enander
NOES: None
ABSENT: None
ABSTAIN: None

PUBLIC HEARINGS

4. ZTA 21-005 – City of Los Altos - Los Altos Municipal Code Text Amendments: Hold Public Hearing and Introduce, as read by title only, and waive further reading, of a Zoning Text Amendment Ordinance (ZTA 21-005) modifying the Los Altos Density Bonus Ordinance pursuant to recent changes to state law. The proposed text amendment would also make other updates to the Los Altos Municipal Code. Chapter 1.12 to address City appeals procedures, Chapter 14.02 to address ongoing maintenance requirements for landscaping, and Chapter 14.28 to clarify the City’s existing inclusionary housing requirements. This action is exempt from the California Environmental Quality Act (CEQA) pursuant to section 15061(b)(3) of the CEQA Guidelines
Mayor Enander opened the Public Hearing at 7:08 p.m.

Interim Planning Director Simpson introduced the item. City Attorney Ramakrishnan provided a staff report, answered questions from Council, and conducted live minor edits.

The following members of the public commented: Roberta Philips and Jeanine Valadez.

At 9:29 p.m., Mayor Enander called for a brief recess. At 9:40 p.m., the meeting was reconvened.

Following Council discussion and upon motion made by Council Member Weinberg, Seconded by Council Member Lee Eng, the Council introduced, as read by title only, and waived further reading, of a Zoning Text Amendment (ZTA 21-005) modifying the Los Altos Density Bonus Ordinance pursuant to recent changes to state law being exempt from the California Environmental Quality Act (CEQA) pursuant to section 15061(b)(3) of the CEQA Guidelines with the following roll call vote:

AYES: Council Member Fligor, Lee Eng, Weinberg, Vice Mayor Meadows, Mayor Enander
NOES: None
ABSENT: None
ABSTAIN: None

3. Off-Leash Fenced-in Dog Parks: Hold second reading and adopt an ordinance amending Los Altos Municipal Code Section 5.08 authorizing off-leash fenced-in dog parks in certain designated areas within Los Altos; make findings that the projects are exempt from the requirements of the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Sections 15061(b)(3) (Common Sense Exemption), 15301 (Existing Facilities), 15304 (Minor Alterations to Land), and 15305 (Minor Alterations to Land Use Restrictions) and also find that none of the exceptions set forth in CEQA Guidelines Section 15300.2 apply to the Project; and direct the City Manager or designee to prepare and file a notice of exemption in 7 Agenda Item # 1.
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connection with this ordinance, pursuant to CEQA Guidelines Section 15062 and increase the current fiscal year budget by $100,000.

Council Member Lee Eng asked for additional information relating to dog park rule enforcement to be included in the Ordinance itself.

Council discussion commenced.

Council Member Lee Eng moved to include rule enforcement language in the ordinance. The motion died for lack of a second.

Upon motion by Council Member Weinberg, seconded by Vice Mayor Meadows, the Council held a second reading and adopted an ordinance amending Los Altos Municipal Code Section

5.08 authorizing off-leash fenced-in dog parks in certain designated areas within Los Altos; make findings that the projects are exempt from the requirements of the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Sections 15061(b)(3) (Common Sense Exemption), 15301 (Existing Facilities), 15304 (Minor Alterations to Land), and 15305 (Minor Alterations to Land Use Restrictions) and also find that none of the exceptions set forth in CEQA Guidelines Section 15300.2 apply to the Project; and direct the City Manager or designee to prepare and file a notice of exemption in connection with this ordinance, pursuant to CEQA Guidelines Section 15062 and increase the current fiscal year budget by $100,000 was approved as presented with the following roll call vote:

AYES: Council Member Fligor, Lee Eng, Weinberg, Vice Mayor Meadows, Mayor Enander
NOES: None
ABSENT: None
ABSTAIN: None

DISCUSSION ITEMS

5. Council Legislative Subcommittee: Discuss the structure, format, and authority of the Legislative Subcommittee, and vote on the proposed and any related actions set forth in the agenda item report
Council Member Fligor provided background information and answered Council questions.

The following members of the public commented: Roberta Philips.

Following Council discussion and upon motion made by Council Member Weinberg, seconded by Mayor Enander, the Council confirm that the Legislative Subcommittee is a standing subcommittee, subject to the provisions of the Brown Act, that the Legislative Subcommittee shall provide materials at least 72 hours in advance of a scheduled meeting with arguments in favor and against the bill, unless information is not available, but shall in all cases present argument in favor of and against the bill if the subcommittee is making a recommendation that the Council take a position on a bill. It was further confirmed that the Legislative Subcommittee Update and Report be a standing agenda item during Regular Meetings. In addition, the City Manager or the City Attorney are able to make a recommendation of a bill to be considered by the subcommittee, that the subcommittee shall not take a position on a bill on behalf of the Council without full Council authority unless it is to submit a letter to a different house for a bill 8 Agenda Item # 1.
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that has not been amended by the first house, that the subcommittee shall focus on bills that directly impact Los Altos but my use its best judgment in considering all bills the Legislative Subcommittee deems relevant even if they don’t directly impact the City of Los Altos. The motion passed 5-0 with the following roll call vote:

AYES: Council Member Fligor, Lee Eng, Weinberg, Vice Mayor Meadows, Mayor Enander
NOES: None
ABSENT: None
ABSTAIN: None

INFORMATIONAL ITEMS ONLY

6. Alta Annual Housing Report
Council discussion commenced and asked for additional information to be brought back.

7. Tentative Council Calendar
Council Member Fligor reminded staff that the item on Distell Circle was missing. Staff confirmed that it will be added.

COUNCIL/STAFF REPORTS AND DIRECTIONS ON FUTURE AGENDA ITEMS Council Member Lee Eng asked for a discussion item on how our City representative at the Cities Association is going to represent the interest of our City and positions taken there.

Council Member Fligor inquired as to Council Office Hours and asked for them to start up. City Manager Engeland confirmed that Staff will publicize the dates and times on the City website once they are set and finalized by each by Council Members.

Vice Mayor Meadows reported that the Lehigh subcommittee wrote a letter in support of Supervisor Simitian's referral to identify options for the potential acquisition of the Lehigh Cement Plant and Quarry, which was subsequently supported by the entire Board of Supervisors. Mayor Enander reported her participation as a private citizen at the City of Cupertino press conference on Lehigh and the installation of two new art sculptures.

City Manager England reminded Council that on March 1, Council will have their Goal Setting session.

ADJOURNMENT
At 10:50 p.m., Tuesday, February 22, 2022, Mayor Enander adjourned the meeting. 9 Agenda Item # 1.
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____________________________
Anita Enander MAYOR
ATTEST:
_____________________________________
Angel Rodriguez, DEPUTY CITY CLERK
10 Agenda Item # 1.

Reviewed By:

City Manager City Attorney
GE
Finance Director
JH JF

AGENDA REPORT SUMMARY
Meeting Date: March 8, 2022
Subject: Quarterly Investment Portfolio Report – Quarter Ended December 31, 2021 Prepared by: John Furtado, Finance Director
Approved by: Gabriel Engeland, City Manager
Attachment(s):

1. Portfolio Mix Charts

2. Investment Policy Compliance Chart

3. Investment Performance Review Quarter Ended December 31, 2021 Initiated by:

Staff
Fiscal Impact:

None
Environmental Review:

Not applicable
Policy Question(s) for CouncilConsideration:
• None
Summary:
• This report presents the status of the City’s investment portfolio through December 31, 2021. The reporting model has been developed in coordination with PFM Asset Management LLC (PFM), the City’s investment portfolio managers.

Staff Recommendation:

Receive the Investment Portfolio Report through December 31, 2021. 11 Agenda Item # 2.

Subject: Quarterly Investment Portfolio Report – Quarter Ended December 31, 2021 February 22, 2022 Page 2
Purpose
These quarterly reports are presented to both the City Council and the Financial Commissionto keep both bodies apprised as to the status of the City’s investment holding and demonstrate compliance with the City’s Investment Policy.

Background
A review of the Investment Portfolio Report Quarter Ended December 31, 2021 was presented and discussed by the Financial Commission on February 28, 2022. The Financial Commission reviewed the Quarterly Investment Portfolio Report ending December 31, 2021 and had a brief discussion.

Discussion/Analysis
The summary provided below presents the sum of all City investment holdings. The City’s portfolio book value, excluding operating cash, as of December 31, 2021 , was $54,391,507. The City’s operating cash, as of December 31, 2021 , was $4,987,305.

As of December 31, 2021 20.2% of the City’s portfolio was placed in Federal Agency Securities (Fannie Mae, Federal Home Loan Bank, Federal Home Loan Mortgage and Federal Farm Credit),

9.5% in Asset-Backed Securities, 3.3 % in Supra-National Agency Bond, 47.1% in US Treasuries, and

15.8% in medium-term Corporate Notes and Commercial Paper, 4.0% in Certificate of Deposits, with the balance of 0.2% in LAIF. This portfolio mix is illustrated as part of Attachment 1.

Full compliance with the City’s Investment Policy is monitored closely and on a per trade basis as illustrated in Attachment 2. In accordance with California Government Code 53646(b)(3), the City of Los Altos has the ability to meet its pool expenditure requirements for the next six months.

As part of these quarterly updates, a status report is prepared by PFM which is included as Attachment 3: Investment Performance Review for the Quarter Ended December 31, 2021 . It is important to note that this report highlights the performance of City investments that fall outside its liquid holdings with LAIF. This has been intentionally crafted to isolate the performance of the City’s independently managed investments. The return of the portfolio over ten years is 1.27%, which is highlighted on page 25 of the PFM Investment Performance Review Report (Attachment 3).

Options

1. Receive the Investment Portfolio Report Quarter Ended December 31, 2021 12 Agenda Item # 2.

Attachment 1
Portfolio Mix Charts
December 2021
Portfolio Mix
Security Type % of Total By Security
LAIF 0.2% 95,103
Money Market 0.0% -Corp Notes 15.8% 8,608,000Asset-Backed Securities 9.5% 5,143,691Supra-National Agency Bond 3.3% 1,785,000Federal Home Loan Banks 13.8% 7,507,713Federal Nat'l Mortgage 6.4% 3,460,000Negotiable CDs 4.0% 2,150,000US Treasury 47.1% 25,642,000Commercial Paper 0.0% - * Totals 100% 54,391,506.89
Portfolio Mix Market
Security Type % of Total Par Value Value
LAIF 0.2% 95,103 95,103Money Market 0.0% - -Corp Notes 15.8% 8,608,000 8,713,741Asset-Backed Securities 9.5% 5,143,691 5,138,003Supra-National Agency Bond 3.3% 1,785,000 1,771,355Federal Agencies 20.2% 10,967,713 10,921,021Negotiable CDs 4.0% 2,150,000 2,169,153US Treasury 47.1% 25,642,000 25,551,270 100% 54,391,507 54,359,645
Corp Notes 8,608,000 8,713,741Asset-Backed Securities 5,143,691 5,138,003Supra-National Agency Bond 1,785,000 1,771,355US Treasury/Agencies 36,609,713 36,472,291Negotiable CDs 2,150,000 2,169,153Accrued Interest - 103,407 54,367,949 54,296,404.01
Margin Over (Under) Par 71,545
LAIF

0.2%
Money Market

0.0%
Corp Notes

15.8% Asset-Backed
Securities

9.5%
Supra-National
Agency Bond

3.3%
Federal Agencies

20.2%
Negotiable CDs

4.0%
US Treasury

47.1%
PORTFOLIO MIX ‐ BY CLASS
LAIF

0.2% Money Market

0.0%
Corp Notes

15.8%
Asset-Backed
Securities

9.5%
Supra-National
Agency Bond
Federal Home 3.3%
Loan Banks

13.8%
Federal Nat'l
Mortgage

6.4%
Negotiable CDs 4.0%
US Treasury

47.1%
PORTFOLIO MIX ‐ BY SECURITY
13 Agenda Item # 2.

Attachment 2
Investment Policy Compliance Chart
December 2021
Earliest City Policy City Policy City Policy % Compliance Term Compliance City Investment % Mix Par Value Term Term Limitation $ Limitation % Limitation CAPACITY Yes/No Yes/NoLAIF 0% 95,103 09/30/21 No Term 75,000,000 100% 74,904,897 Yes N/A Money Market 0% - 09/30/21 Overnight 20% 10,878,301 Yes N/A Corp Notes 16% 8,608,000 09/15/22 5 Years 30% 7,709,452 Yes Yes Asset-Backed Securities 9% 5,143,691 11/21/22 5 Years 20% 5,734,611 Yes Yes Supra-National Agency Bond 3% 1,785,000 04/20/23 5 Years 20% 9,093,301 Yes Yes Federal Agencies 20% 10,967,713 06/01/22 5 Years 100% 43,423,794 Yes Yes Commercial Paper 0% - - 270 Days 25% 13,597,877 Yes -
Negotiable CDs 4% 2,150,000 07/08/22 5 Years 30% 14,167,452 Yes Yes US Treasury 47% 25,642,000 08/31/22 5 Years 100% 28,749,507 Yes Yes 100% 54,391,507
14 Agenda Item # 2.
1/14/22, 10:26 AM Untitled Page
https://laif.sco.ca.gov/Result.aspx 1/1
BETTY T. YEE
California State Controller

LOCAL AGENCY INVESTMENT FUND

REMITTANCE ADVICE
Agency Name LOS ALTOS
Account Number 98-43-481
As of 01/14/2022, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 12/31/2021.

Earnings Ratio .00000625812849570
Interest Rate 0.23%
Dollar Day Total $ 65,727,912.94
Quarter End Principal Balance $ 95,102.88
Quarterly Interest Earned $ 411.33
15 Agenda Item # 2.

PMIA Average Monthly Effective Yields
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1977 5.770 5.660 5.660 5.650 5.760 5.850 5.930 6.050 6.090 6.090 6.610 6.730 1978 6.920 7.050 7.140 7.270 7.386 7.569 7.652 7.821 7.871 8.110 8.286 8.769 1979 8.777 8.904 8.820 9.082 9.046 9.224 9.202 9.528 9.259 9.814 10.223 10.218 1980 10.980 11.251 11.490 11.480 12.017 11.798 10.206 9.870 9.945 10.056 10.426 10.961 1981 10.987 11.686 11.130 11.475 12.179 11.442 12.346 12.844 12.059 12.397 11.887 11.484 1982 11.683 12.044 11.835 11.773 12.270 11.994 12.235 11.909 11.151 11.111 10.704 10.401 1983 10.251 9.887 9.688 9.868 9.527 9.600 9.879 10.076 10.202 10.182 10.164 10.227 1984 10.312 10.280 10.382 10.594 10.843 11.119 11.355 11.557 11.597 11.681 11.474 11.024 1985 10.579 10.289 10.118 10.025 10.180 9.743 9.656 9.417 9.572 9.482 9.488 9.371 1986 9.252 9.090 8.958 8.621 8.369 8.225 8.141 7.844 7.512 7.586 7.432 7.439 1987 7.365 7.157 7.205 7.044 7.294 7.289 7.464 7.562 7.712 7.825 8.121 8.071 1988 8.078 8.050 7.945 7.940 7.815 7.929 8.089 8.245 8.341 8.397 8.467 8.563 1989 8.698 8.770 8.870 8.992 9.227 9.204 9.056 8.833 8.801 8.771 8.685 8.645 1990 8.571 8.538 8.506 8.497 8.531 8.538 8.517 8.382 8.333 8.321 8.269 8.279 1991 8.164 8.002 7.775 7.666 7.374 7.169 7.098 7.072 6.859 6.719 6.591 6.318 1992 6.122 5.863 5.680 5.692 5.379 5.323 5.235 4.958 4.760 4.730 4.659 4.647 1993 4.678 4.649 4.624 4.605 4.427 4.554 4.438 4.472 4.430 4.380 4.365 4.384 1994 4.359 4.176 4.248 4.333 4.434 4.623 4.823 4.989 5.106 5.243 5.380 5.528 1995 5.612 5.779 5.934 5.960 6.008 5.997 5.972 5.910 5.832 5.784 5.805 5.748 1996 5.698 5.643 5.557 5.538 5.502 5.548 5.587 5.566 5.601 5.601 5.599 5.574 1997 5.583 5.575 5.580 5.612 5.634 5.667 5.679 5.690 5.707 5.705 5.715 5.744 1998 5.742 5.720 5.680 5.672 5.673 5.671 5.652 5.652 5.639 5.557 5.492 5.374 1999 5.265 5.210 5.136 5.119 5.086 5.095 5.178 5.225 5.274 5.391 5.484 5.639 2000 5.760 5.824 5.851 6.014 6.190 6.349 6.443 6.505 6.502 6.517 6.538 6.535 2001 6.372 6.169 5.976 5.760 5.328 4.958 4.635 4.502 4.288 3.785 3.526 3.261 2002 3.068 2.967 2.861 2.845 2.740 2.687 2.714 2.594 2.604 2.487 2.301 2.201 2003 2.103 1.945 1.904 1.858 1.769 1.697 1.653 1.632 1.635 1.596 1.572 1.545 2004 1.528 1.440 1.474 1.445 1.426 1.469 1.604 1.672 1.771 1.890 2.003 2.134 2005 2.264 2.368 2.542 2.724 2.856 2.967 3.083 3.179 3.324 3.458 3.636 3.808 2006 3.955 4.043 4.142 4.305 4.563 4.700 4.849 4.946 5.023 5.098 5.125 5.129 2007 5.156 5.181 5.214 5.222 5.248 5.250 5.255 5.253 5.231 5.137 4.962 4.801 2008 4.620 4.161 3.777 3.400 3.072 2.894 2.787 2.779 2.774 2.709 2.568 2.353 2009 2.046 1.869 1.822 1.607 1.530 1.377 1.035 0.925 0.750 0.646 0.611 0.569 2010 0.558 0.577 0.547 0.588 0.560 0.528 0.531 0.513 0.500 0.480 0.454 0.462 2011 0.538 0.512 0.500 0.588 0.413 0.448 0.381 0.408 0.378 0.385 0.401 0.382 2012 0.385 0.389 0.383 0.367 0.363 0.358 0.363 0.377 0.348 0.340 0.324 0.326 2013 0.300 0.286 0.285 0.264 0.245 0.244 0.267 0.271 0.257 0.266 0.263 0.264 2014 0.244 0.236 0.236 0.233 0.228 0.228 0.244 0.260 0.246 0.261 0.261 0.267 2015 0.262 0.266 0.278 0.283 0.290 0.299 0.320 0.330 0.337 0.357 0.374 0.400 2016 0.446 0.467 0.506 0.525 0.552 0.576 0.588 0.614 0.634 0.654 0.678 0.719 2017 0.751 0.777 0.821 0.884 0.925 0.978 1.051 1.084 1.111 1.143 1.172 1.239 2018 1.350 1.412 1.524 1.661 1.755 1.854 1.944 1.998 2.063 2.144 2.208 2.291 2019 2.355 2.392 2.436 2.445 2.449 2.428 2.379 2.341 2.280 2.190 2.103 2.043 2020 1.967 1.912 1.787 1.648 1.363 1.217 0.920 0.784 0.685 0.620 0.576 0.540 2021 0.458 0.407 0.357 0.339 0.315 0.262 0.221 0.221 0.206 0.203 0.203 0.212 16 Agenda Item # 2.

Investment Performance Review
For the Quarter Ended December 31, 2021
Client Management Team PFM Asset Management LLC
Monique Spyke, Managing DirectorAllison Kaune, Senior Client Representative

CITY OF LOS ALTOS
213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
1 California Street, 10th Floor
San Francisco, CA 94111
415-393-7270
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public
17 Agenda Item # 2.
© PFM Asset Management LLC pfmam.com |
• Market Update• Account Summary• Portfolio Review
18 Agenda Item # 2.
© PFM Asset Management LLC pfmam.com |
Market Update
19 Agenda Item # 2.

PFM Asset Management LLC
For the Quarter Ended December 31, 2021
CLIENT NAME Market Update
Current Market Themes

CLIENT NAME
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC | pfmam.com
• COVID-19 caseloads reach record highs as the Omicron variant emerges as the dominant strain
• The U.S. economy is characterized by:
• Rapidly increasing inflation• Improved labor market conditions• Depressed consumer confidence • The Federal Reserve is reducing monetary policy accommodation • Accelerated pace of asset purchase tapering• Fed expects three rate hikes in 2022• Changing composition of FOMC leadership • The U.S. Treasury yield curve experiences “bear-flattening” • Short-term yields shift higher amid rate hike expectations• Longer-term yields adjust to evolving inflation and economic growth uncertainties

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
1 20
Agenda Item # 2.

For the Quarter Ended December 31, 2021
CLIENT NAME Market Update
U.S. GDP Rebounds from Pandemic

CLIENT NAME
For the Quarter Ended December 31, 2021
Market Update
• Persistent damage to supply chains continues to
disrupt the production and distribution network
• Age-related impacts to labor force growth predating
the pandemic
• Return to more normal household income and saving
trends
• Normalizing fiscal and monetary policies
Growth is Expected to Moderate…
Factors Driving Growth…
• Better-than-expected corporate profit margins fueling equity markets
• Unprecedented accommodative monetary policy and
fiscal stimulus
• Access to COVID-19 vaccines and reduction of
pandemic-era lockdowns
• Continued adaptation of all sectors of the economy to the challenging health situation

2.3%

2.9%

2.3%
-3.4%

6.0%

5.2%

2.2% 2.2%
-4.0%-2.0%

0.0%2.0%4.0%6.0%8.0%
2017
2018
2019
2020
2021 (Estimate)
2022 (Forecast)
2023 (Forecast)
2024 (Forecast)
Real U.S. GDP
Source: International Monetary Fund, October 2021 World Economic Outlook. © PFM Asset Management LLC | pfmam.com
Actual Forecast

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
2 21
Agenda Item # 2.

Consumer Prices Rise to Four-Decade High

6.8%
-2%-1%
1%3%4%6%7%
Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Top-Line Contributions and CPI YoY
Services (Ex Food & Energy) Goods (Ex Food & Energy) Food Energy Headline YoY% The spike in inflation has occurred through all sectors and persisted through much of 2021

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
3 22
Agenda Item # 2.

PFM Asset Management LLC
For the Quarter Ended December 31, 2021
CLIENT NAME CLIENT NAME Market Update
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC | pfmam.com
Source: Bureau of Labor Statistics as of 12/31/2021. Forecasts are represented by the median Bloomberg forecast from 71 contributors (Left). Bloomberg, as of 12/31/2021 (Right).

Inflation Expected to Moderate over the Long Run

2.1% 1.9%

2.3%

1.4%

4.7%

4.4%

2.4%

0.0%1.0%2.0%3.0%4.0%5.0%
2017
2018
2019
2020
2021 (Estimate)
2022 (Forecast)
2023 (Forecast)
Annual Change in CPI

3.2%2.9%2.6%
-1.0%

0.0%

1.0%2.0%3.0%4.0%
Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21
Breakeven Inflation Rates
2 Yr. 5 Yr. 10 Yr.

Year Avg. Inflation Expectation
Years 1 – 2 3.2%Years 3 – 5 2.7%
Years 6 - 10 2.3%
Breakeven inflation rates
reflect market expectations
for average inflation over a
given period of time
Actual Forecast

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
4 23
Agenda Item # 2.

PFM Asset Management LLC
For the Quarter Ended December 31, 2021
CLIENT NAME CLIENT NAME Market Update
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC | pfmam.com
Source: Bureau of Labor Statistics; latest available data as of December 2021; calculation from Bloomberg, pre-pandemic data as of December 2019.

Uneven Labor Market Recovery Post-Pandemic

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
5 24
Agenda Item # 2.

PFM Asset Management LLC
For the Quarter Ended December 31, 2021
CLIENT NAME CLIENT NAME Market Update
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC | pfmam.com
Source: Federal Reserve and Bloomberg, as of 12/31/2021. Individual dots represent each Fed members’ judgement of the midpoint of the appropriate target range for the federal funds rate at each year-end.

FOMC Accelerates Asset Purchase Tapering and Prepares for Rate Lift-off 0%1%2%3%4%
Fed Participants’ Assessments of ‘Appropriate’ Monetary Policy Dec-21 FOMC ProjectionsDec-21 MedianFed Funds Futures
2024
The market does not expect that the Fed will get to their longer-term neutral rate forecasts 2021 2022 2023 Longer Term

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
6 25
Agenda Item # 2.

Impact of Curve Flattening on Performance

0.03%

0.73%

1.26%

1.51%

1.90%

0.00%0.50%1.00%1.50%2.00%2.50%
3 M
1 Y
2 Y
3 Y
4 Y
5 Y
10 Y
30 Y
Maturity
U.S. Treasury Yield Curve
December 31, 2021September 30, 2021
-0.18%
-0.53%
-0.68%
-0.51%
-1.00%-0.50%

0.00%0.50%1.00%
1 Year
1 - 3 Year
1 - 5 Year
1 - 10 Year
U.S. Treasury Returns - Q4 2021
Rising yields in Q4
negatively affected bond returns

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
7 26
Agenda Item # 2.

PFM Asset Management LLC
For the Quarter Ended December 31, 2021
CLIENT NAME CLIENT NAME Market Update
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC | pfmam.com
Source: ICE BofAML 1-3 year Indices via Bloomberg, MarketAxess and PFM as of 12/31/2021. Spreads on ABS and MBS are option-adjusted spreads of 0-3 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries. CMBS is Commercial Mortgage-Backed Securities.

Sector Yield Spreads Widened in Q4

0.00%0.10%0.20%0.30%0.40%0.50%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21
Corporate Notes A-AAA Yield Spreads
-0.05%-0.03%

0.00%0.03%0.05%0.08%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21
Federal Agency Yield Spreads
Agency yield spreads remained
near-zero
-0.50%

0.00%0.50%1.00%1.50%2.00%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21
Mortgage-Backed Securities Yield Spreads
Agency MBS AAA CMBS Index

0.00%0.12%0.24%0.36%0.48%0.60%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21
Asset-Backed Securities AAA Yield Spreads
ABS yield spreads have
widened off record-lows
Corporate yield spreads have widened modestly in Q4

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
8 27
Agenda Item # 2.

Rising Rates and Wider Spreads Hampered Fixed-Income Returns in Q4 1-3 Year Indices
-0.53% -0.49%
-0.29%
-0.57%
-0.51%
-1.0%-0.5%

0.0%0.5%1.0%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
Fourth Quarter 2021
-0.55%
-0.43%
-0.05%
-0.24%

0.29%
-1.0%-0.5%

0.0%0.5%1.0%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
Full Year 2021

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
9 28
Agenda Item # 2.

C O M M E R C I A L P A P E R
/ C D

T R E A S U R I E S
T-Bill
T-Note

F E D E R A L A G E N C I E S
Bullets
Callables

S U P R A N A T I O N A L S

C O R P O R A T E S
Financials
Industrials

S E C U R I T I Z E D
Asset-Backed
Agency Mortgage-Backed
Agency CMBS

M U N I C I P A L S
Negative Slightly Negative Neutral Slightly Positive Current outlook Outlook one quarter ago Positive

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
10 29
Agenda Item # 2.

PFM Asset Management LLC
For the Quarter Ended December 31, 2021
CLIENT NAME CLIENT NAME Market Update
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC | pfmam.com
Fixed-Income Sector Commentary – 4Q 2021
U.S. Treasury securities generated negative
performance as yields rose across maturities. The higher absolute level of yields support duration extensions and roll-down where the curve is steep. Federal agency spreads widened modestly,
generating slightly negative excess returns. Spreads remain tight by historical standards and opportunities to add will be limited. Supranational securities performed in line with their federal agency counterparts – supply from seasonal issuance should provide opportunities to add sector exposure. Corporates underperformed after consistently being
one of the top performing sectors in prior quarters. Modestly wider spreads are likely to provide opportunities to increase exposure on an issuerspecific basis. Asset-Backed Securities issuance remains robust
and wider spreads enhance the sector’s relative value as collateral performance remains strong. Mortgage-Backed Securities performance was
generally negative across collateral and coupon types with 15-yr MBS pools being the exception. FOMC asset purchase tapering and potential balance sheet reduction will continue to weigh negatively on the sector. Taxable Municipal securities were one of the best
performing sectors in Q4. Limited supply is likely to keep downward pressure on spreads and limit opportunities to increase allocations. Commercial Paper and CD rates gravitated higher
throughout the quarter as market expectations for rate hikes sent short maturities higher, creating opportunities to add.

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Market Update
© PFM Asset Management LLC pfmam.com |
11 30
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com |
Account Summary
31 Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Account Summary
|
Account Summary¹
PFM Managed Account $54,264,542Total Program $54,264,542 Consolidated Summary
Sector Allocation

0.0% 0.0% 0.0% 0.4%

4.7%

47.4%

40.6%

4.1% 2.9% 0.0% 0.0% 0.0%
$0$5
$10$15$20$25$30
Millions
Under
30 days
31 to 60
days
61 to 90
days
91 to
180 days
181 days
to 1 year
1 to 2 years
2 to 3 years
3 to 4 years
4 to 5 years
5 to 7 years
7 to 10
years
Over 10
years
Maturity Distribution
(Weighted Average Maturity: 750 Days)

1. Market values exclude accrued interest, as of December 31, 2021.

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Account Summary
|
Account Summary

1. Yield at market, yield on cost, and portfolio duration only include investments held within the separately managed account(s).

CITY OF LOS ALTOS INVESTMENT PORTFOLIO
Portfolio Values December 31, 2021PFM Managed Account $54,264,542 Amortized Cost $54,527,734
Market Value $54,264,542
Accrued Interest $103,407
Analytics¹ December 31, 2021Yield at Market 0.81%
Yield on Cost 0.66%Portfolio Duration 1.81
14 33
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Account Summary
|

9.5%

16.1%

4.0%

3.3%

1.9%

18.2%

47.1%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
ABS - $5,138,003
Corporate - $8,713,741
Negotiable CD - $2,169,153
Supranational - $1,771,355
Agency CMBS - $1,025,562
Federal Agency - $9,895,459
U.S. Treasury - $25,551,270
Portfolio Allocation Sector Limit for Analysis*
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance.*Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 15 34
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Account Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Excludes balances invested in money marketfunds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchU.S. Treasury 47.1% UNITED STATES TREASURY 47.1% AA / Aaa / AAA
Federal Agency 18.2%
FANNIE MAE 6.3% AA / Aaa / AAA
FREDDIE MAC 11.9% AA / Aaa / AAA
Agency CMBS 1.9%
FANNIE MAE 0.4% AA / Aaa / AAA
FREDDIE MAC 1.5% AA / Aaa / AAA
Supranational 3.3%
INTER-AMERICAN DEVELOPMENT BANK 1.8% AAA / Aaa / AAA
INTL BANK OF RECONSTRUCTION AND DEV 1.5% AAA / Aaa / AAA Negotiable CD 4.0%
CREDIT SUISSE GROUP RK 0.8% A / A / A
DNB ASA 1.1% AA / Aa / NRNORDEA BANK ABP 1.1% AA / Aa / AASKANDINAVISKA ENSKILDA BANKEN AB 1.1% A / Aa / AA Corporate 16.1%
ADOBE INC 0.4% A / A / NR
AMAZON.COM INC 1.4% AA / A / AAAMERICAN EXPRESS CO 0.4% BBB / A / AAMERICAN HONDA FINANCE 0.3% A / A / NRAPPLE INC 0.4% AA / Aaa / NRASTRAZENECA PLC 0.5% A / A / NR BANK OF AMERICA CO 0.9% A / A / AA
BRISTOL-MYERS SQUIBB CO 0.2% A / A / NRBURLINGTON NORTHERN SANTA FE 0.2% AA / A / NRCATERPILLAR INC 0.8% A / A / A Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 16.1% CHARLES SCHWAB 0.3% A / A / ACHEVRON CORPORATION 0.7% AA / Aa / NRCITIGROUP INC 0.7% BBB / A / ACOMCAST CORP 0.4% A / A / ADEERE & COMPANY 0.4% A / A / AEXXON MOBIL CORP 0.5% AA / Aa / NRGENERAL DYNAMICS CORP 0.4% A / A / NRGOLDMAN SACHS GROUP INC 0.9% BBB / A / AGOOGLE INC 0.5% AA / Aa / NRIBM CORP 0.5% A / A / NRJP MORGAN CHASE & CO 1.2% A / A / AAMERCK & CO INC 0.3% A / A / AMORGAN STANLEY 0.6% BBB / A / APACCAR FINANCIAL CORP 0.4% A / A / NRPEPSICO INC 0.3% A / A / NRPNC FINANCIAL SERVICES GROUP 0.5% A / A / ATARGET CORP 0.4% A / A / ATHE BANK OF NEW YORK MELLONCORPORATION

0.4% A / A / AA
TOYOTA MOTOR CORP 0.7% A / A / A
UNILEVER PLC 0.2% A / A / AUNITEDHEALTH GROUP INC 0.3% A / A / A ABS 9.5%
ALLY AUTO RECEIVABLES TRUST 0.1% NR / Aaa / AAA
BMW FINANCIAL SERVICES NA LLC 0.2% AAA / Aaa / NRBMW VEHICLE OWNER TRUST 0.2% AAA / NR / AAACAPITAL ONE FINANCIAL CORP 1.0% AAA / Aaa / AAA 16 35
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 9.5% CARMAX AUTO OWNER TRUST 1.3% AAA / Aaa / AAA
DISCOVER FINANCIAL SERVICES 0.3% AAA / Aaa / NRFIFTH THIRD AUTO TRUST 0.1% AAA / Aaa / NRGM FINANCIAL CONSUMER AUTOMOBILETRUST

0.7% AAA / Aaa / AAA
GM FINANCIAL LEASINGTRUST 0.6% AAA / Aaa / AAAHARLEY-DAVIDSON MOTORCYCLE TRUST 0.3% AAA / Aaa / AAAHONDA AUTO RECEIVABLES 0.7% AAA / Aaa / AAAHYUNDAI AUTO RECEIVABLES 0.9% AAA / NR / AAAMERCEDES-BENZ AUTO LEASE TRUST 0.1% AAA / NR / AAANISSAN AUTO RECEIVABLES 0.5% AAA / Aaa / AAATOYOTA MOTOR CORP 0.4% AAA / Aaa / NRVERIZON OWNER TRUST 1.4% AAA / Aaa / AAAVOLKSWAGEN AUTO LEASE TURST 0.1% AAA / NR / AAAVOLKSWAGEN OF AMERICA 0.1% AAA / Aaa / NRWORLD OMNI AUTO REC TRUST 0.7% AAA / NR / AAA Total 100.0%
17 36
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Compliance
|
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended December 31, 2021, the account(s) managed by PFM Asset Management("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management LLC
18 37
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com |
Portfolio Review:

CITY OF LOS ALTOS INVESTMENT PORTFOLIO
38 Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Snapshot
|
The portfolio’s benchmark is the ICE BofAML 1-3 Year U.S. Treasury Index. Source: Bloomberg.

An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.

1. Portfolio Statistics
Total Market Value $54,710,549.03
Portfolio Effective Duration 1.81 yearsBenchmark Effective Duration 1.82 years Yield At Cost 0.66%
Yield At Market 0.81%
Portfolio Credit Quality AA
Portfolio Snapshot - CITY OF LOS ALTOS INVESTMENT PORTFOLIO¹ Credit Quality - S&P
12%
48%
39%
2%
6%
55%
39%
0%
0%
20%40%60%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 47%Federal Agency | 18%Corporate | 16%
ABS | 10%
Negotiable CD | 4%Supranational | 3%
Agency CMBS | 2%
Sector Allocation
AAA | 11%AA+ | 68%AA | 1%AA- | 1%A-1+ | 2%A+ | 3%A | 3%A- | 4%A-1 | 1% BBB+ | 3%Not Rated | 2%
20 39
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Excludes balances invested in money marketfunds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchU.S. Treasury 47.1% UNITED STATES TREASURY 47.1% AA / Aaa / AAA
Federal Agency 18.2%
FANNIE MAE 6.3% AA / Aaa / AAAFREDDIE MAC 11.9% AA / Aaa / AAA Agency CMBS 1.9%
FANNIE MAE 0.4% AA / Aaa / AAAFREDDIE MAC 1.5% AA / Aaa / AAA Supranational 3.3%
INTER-AMERICAN DEVELOPMENT BANK 1.8% AAA / Aaa / AAAINTL BANK OF RECONSTRUCTION AND DEV 1.5% AAA / Aaa / AAA Negotiable CD 4.0%
CREDIT SUISSE GROUP RK 0.8% A / A / ADNB ASA 1.1% AA / Aa / NRNORDEA BANK ABP 1.1% AA / Aa / AASKANDINAVISKA ENSKILDA BANKEN AB 1.1% A / Aa / AA Corporate 16.1%
ADOBE INC 0.4% A / A / NRAMAZON.COM INC 1.4% AA / A / AAAMERICAN EXPRESS CO 0.4% BBB / A / AAMERICAN HONDA FINANCE 0.3% A / A / NRAPPLE INC 0.4% AA / Aaa / NRASTRAZENECA PLC 0.5% A / A / NR BANK OF AMERICA CO 0.9% A / A / AA
BRISTOL-MYERS SQUIBB CO 0.2% A / A / NRBURLINGTON NORTHERN SANTA FE 0.2% AA / A / NR Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 16.1% CATERPILLAR INC 0.8% A / A / ACHARLES SCHWAB 0.3% A / A / ACHEVRON CORPORATION 0.7% AA / Aa / NRCITIGROUP INC 0.7% BBB / A / ACOMCAST CORP 0.4% A / A / ADEERE & COMPANY 0.4% A / A / AEXXON MOBIL CORP 0.5% AA / Aa / NRGENERAL DYNAMICS CORP 0.4% A / A / NRGOLDMAN SACHS GROUP INC 0.9% BBB / A / AGOOGLE INC 0.5% AA / Aa / NRIBM CORP 0.5% A / A / NRJP MORGAN CHASE & CO 1.2% A / A / AAMERCK & CO INC 0.3% A / A / AMORGAN STANLEY 0.6% BBB / A / APACCAR FINANCIAL CORP 0.4% A / A / NRPEPSICO INC 0.3% A / A / NRPNC FINANCIAL SERVICES GROUP 0.5% A / A / ATARGET CORP 0.4% A / A / ATHE BANK OF NEW YORK MELLONCORPORATION

0.4% A / A / AA
TOYOTA MOTOR CORP 0.7% A / A / AUNILEVER PLC 0.2% A / A / AUNITEDHEALTH GROUP INC 0.3% A / A / A ABS 9.5%
ALLY AUTO RECEIVABLES TRUST 0.1% NR / Aaa / AAA
BMW FINANCIAL SERVICES NA LLC 0.2% AAA / Aaa / NR
21 40
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 9.5% BMW VEHICLE OWNER TRUST 0.2% AAA / NR / AAACAPITAL ONE FINANCIAL CORP 1.0% AAA / Aaa / AAACARMAX AUTO OWNER TRUST 1.3% AAA / Aaa / AAADISCOVER FINANCIAL SERVICES 0.3% AAA / Aaa / NRFIFTH THIRD AUTO TRUST 0.1% AAA / Aaa / NRGM FINANCIAL CONSUMER AUTOMOBILETRUST

0.7% AAA / Aaa / AAA
GM FINANCIAL LEASINGTRUST 0.6% AAA / Aaa / AAAHARLEY-DAVIDSON MOTORCYCLE TRUST 0.3% AAA / Aaa / AAAHONDA AUTO RECEIVABLES 0.7% AAA / Aaa / AAAHYUNDAI AUTO RECEIVABLES 0.9% AAA / NR / AAAMERCEDES-BENZ AUTO LEASE TRUST 0.1% AAA / NR / AAANISSAN AUTO RECEIVABLES 0.5% AAA / Aaa / AAATOYOTA MOTOR CORP 0.4% AAA / Aaa / NRVERIZON OWNER TRUST 1.4% AAA / Aaa / AAAVOLKSWAGEN AUTO LEASE TURST 0.1% AAA / NR / AAAVOLKSWAGEN OF AMERICA 0.1% AAA / Aaa / NRWORLD OMNI AUTO REC TRUST 0.7% AAA / NR / AAA Total 100.0%
22 41
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Characteristics
|
$0
$11
$22$33$44$55
December 2021
$0
$11
$22$33$44$55
September 2021
$0
$11
$22$33$44$55
June 2021
$0
$11
$22$33$44$55
Millions
March 2021
Sector Allocation Review - CITY OF LOS ALTOS INVESTMENT PORTFOLIO U.S. Treasury Federal Agency Agency CMBS Supranational Negotiable CD Corporate ABS Market values, excluding accrued interest. Only includes investments held within the separately managed account(s). Detail may not add to total due to rounding.

Security Type Mar-21 % of Total Jun-21 % of Total Sep-21 % of Total Dec-21 % of Total U.S. Treasury $22.4 40.9% $24.6 45.1% $25.8 47.0% $25.6 47.0%Federal Agency $11.2 20.5% $10.0 18.2% $10.0 18.1% $9.9 18.2% Agency CMBS $1.4 2.5% $1.3 2.4% $1.2 2.3% $1.0 1.9%
Supranational $0.9 1.6% $1.2 2.3% $1.8 3.3% $1.8 3.3%Negotiable CD $4.0 7.4% $3.7 6.7% $2.6 4.8% $2.2 4.0%Corporate $8.8 16.1% $8.6 15.7% $8.4 15.4% $8.7 16.1% ABS $6.0 11.0% $5.2 9.6% $5.0 9.1% $5.1 9.5%
Total $54.7 100.0% $54.6 100.0% $54.9 100.0% $54.3 100.0% 23 42
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Portfolio Activity - CITY OF LOS ALTOS INVESTMENT PORTFOLIO Net Activity by Sector
($ millions)
Negotiable CD
Agency CMBS
U.S. Treasury
ABS
Corporate
Negotiable CD
Agency CMBS
U.S. Treasury
ABS
Corporate
($6.0) ($4.0) ($2.0) $0.0 $2.0 $4.0 $6.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.

Sector Net ActivityCorporate $369,709
ABS $170,105
U.S. Treasury ($82,770)
Agency CMBS ($204,434)
Negotiable CD ($452,224)Total Net Activity ($199,614)
Sales/Maturities Purchases
24 43
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Performance
|

1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is June 30, 2010.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.4. The portfolio’s benchmark is the ICE BofAML 1-3 Year U.S. Treasury Index. Source: Bloomberg. -1.0%-0.5%

0.0%0.5%1.0%1.5%2.0%2.5%
Return
Portfolio Benchmark Net of Fees
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 YearsInterest Earned² $121,095 $607,305 $3,171,951 $4,922,978 $6,127,739 Change in Market Value ($417,762) ($846,449) $887,357 $458,651 $88,554 Total Dollar Return ($296,667) ($239,144) $4,059,308 $5,381,629 $6,216,293 Total Return³
Portfolio -0.54% -0.44% 2.32% 1.89% 1.27%Benchmark⁴ -0.53% -0.55% 2.02% 1.61% 1.09%Basis Point Fee 0.09% 0.09% 0.09% 0.09%Net of Fee Return -0.56% -0.52% 2.23% 1.81% 1.18% 3 Months 1 Year 3 Years 5 Years 10 Years

0.02%
25 44
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Performance
|

1. Performance on trade-date basis, gross (i.e., before fees), in accordance with the CFA Institute’s Global Investment Performance Standards (GIPS).2. Income returns calculated as interest earned on investments during the period.3. Price returns calculated as the change in market value of each security for the period.4. Returns are presented on a periodic basis.

Quarterly Sector Performance
Total Return by Sector Contribution to Total Return
Cash
ABS
Corporate
Negotiable CD
Supranational
Agency CMBS
Federal Agency
U.S. Treasury
-0.60%-0.40%-0.20%

0.00%

0.30%

0.40%

0.39%

0.09%

0.74%

0.07%

0.18%

0.00% -0.57%
-1.00%
-0.49% -0.74%
-0.82%
-0.56%
-0.83%
-3.5% -2.4% -1.3% -0.3% 0.8% 1.9%
Return
26 45
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Performance
|

1. The lesser of 10 years or since inception is shown. Performance inception date is June 30, 2010.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Realized gains / (losses) are shown on an amortized cost basis.

Accrual Basis Earnings - CITY OF LOS ALTOS INVESTMENT PORTFOLIO Accrual Basis EarningsInterest EarnedRealized Gains / (Losses)Change in Amortized CostTotal Earnings 3 Months
$121,095
$78,750
($24,342)
$175,502
1 Year
$607,305$366,185
($93,397)
$880,093
3 Years
$3,171,951
$921,761
($64,932)
$4,028,780
5 Year
$4,922,978
$646,790
($59,247)
$5,510,522
10 Year
$6,127,739
$701,514
($264,244)
$6,565,009
27 46
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Composition
|
Issuer Distribution
As of December 31, 2021
Issuer Market Value ($) % of PortfolioUNITED STATES TREASURY 25,551,270 47.08%FREDDIE MAC 7,280,951 13.41%FANNIE MAE 3,640,070 6.71%INTER-AMERICAN DEVELOPMENT BANK 967,465 1.78%INTL BANK OF RECONSTRUCTION AND DEV 803,890 1.48% AMAZON.COM INC 779,078 1.44%
VERIZON OWNER TRUST 738,009 1.36%CARMAX AUTO OWNER TRUST 698,366 1.29%JP MORGAN CHASE & CO 634,094 1.17%TOYOTA MOTOR CORP 599,876 1.11%DNB ASA 583,176 1.07%SKANDINAVISKA ENSKILDA BANKEN AB 580,554 1.07%NORDEA BANK ABP 580,517 1.07%CAPITAL ONE FINANCIAL CORP 520,143 0.96%HYUNDAI AUTO RECEIVABLES 484,193 0.89%BANK OF AMERICA CO 481,610 0.89%GOLDMAN SACHS GROUP INC 472,305 0.87%CREDIT SUISSE GROUP RK 424,906 0.78%CATERPILLAR INC 421,240 0.78%CITIGROUP INC 400,595 0.74%HONDA AUTO RECEIVABLES 373,706 0.69%GM FINANCIAL CONSUMER AUTOMOBILE TRUST 370,251 0.68%CHEVRON CORPORATION 369,067 0.68%WORLD OMNI AUTO REC TRUST 364,035 0.67% 28 47
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Composition
|
Issuer Market Value ($) % of PortfolioGM FINANCIAL LEASINGTRUST 344,021 0.63%MORGAN STANLEY 311,585 0.57% ASTRAZENECA PLC 287,349 0.53%
EXXON MOBIL CORP 286,949 0.53%PNC FINANCIAL SERVICES GROUP 285,007 0.53%NISSAN AUTO RECEIVABLES 265,054 0.49%IBM CORP 263,425 0.49%GOOGLE INC 262,972 0.48%GENERAL DYNAMICS CORP 232,940 0.43% AMERICAN EXPRESS CO 232,143 0.43%
DEERE & COMPANY 223,850 0.41%COMCAST CORP 212,561 0.39%TARGET CORP 211,952 0.39%THE BANK OF NEW YORK MELLON CORPORATION 211,829 0.39% ADOBE INC 202,203 0.37%
PACCAR FINANCIAL CORP 192,651 0.36%
APPLE INC 190,315 0.35%
UNITEDHEALTH GROUP INC 187,551 0.35%
AMERICAN HONDA FINANCE 182,891 0.34%
CHARLES SCHWAB 174,199 0.32%HARLEY-DAVIDSON MOTORCYCLE TRUST 157,609 0.29%DISCOVER FINANCIAL SERVICES 152,618 0.28%PEPSICO INC 149,981 0.28%MERCK & CO INC 135,870 0.25%BURLINGTON NORTHERN SANTA FE 131,229 0.24%BMW VEHICLE OWNER TRUST 119,248 0.22%BMW FINANCIAL SERVICES NA LLC 104,706 0.19% 29 48
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Composition
|
Issuer Market Value ($) % of PortfolioUNILEVER PLC 99,352 0.18%BRISTOL-MYERS SQUIBB CO 86,804 0.16%MERCEDES-BENZ AUTO LEASE TRUST 74,852 0.14%FIFTH THIRD AUTO TRUST 62,498 0.12%VOLKSWAGEN AUTO LEASE TURST 43,176 0.08% ALLY AUTO RECEIVABLES TRUST 34,972 0.06%
VOLKSWAGEN OF AMERICA 30,811 0.06%
Grand Total 54,264,542 100.00%
30 49
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Holdings
|
Managed Account Detail of Securities Held
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
U.S. Treasury
US TREASURY NOTESDTD 02/01/2016 1.750% 01/31/2023
912828P38 1,500,000.00 AA+ Aaa 1/2/2020 1/6/2020 1,506,093.75 1.61 10,985.05 1,520,859.30 US TREASURY NOTESDTD 02/15/2020 1.375% 02/15/2023
912828Z86 2,150,000.00 AA+ Aaa 3/2/2020 3/4/2020 2,187,373.05 0.78 11,166.27 2,172,507.92 US TREASURY NOTESDTD 09/30/2021 0.250% 09/30/2023
91282CDA6 1,500,000.00 AA+ Aaa 10/1/2021 10/6/2021 1,499,179.69 0.28 958.10 1,489,453.20 US TREASURY N/B NOTESDTD 10/31/2021 0.375% 10/31/2023
91282CDD0 1,425,000.00 AA+ Aaa 11/1/2021 11/3/2021 1,420,880.86 0.52 915.23 1,416,984.38 US TREASURY NOTESDTD 11/15/2020 0.250% 11/15/2023
91282CAW1 2,150,000.00 AA+ Aaa 12/1/2020 12/3/2020 2,152,015.63 0.22 697.86 2,132,195.42 US TREASURY N/B NOTESDTD 11/30/2021 0.500% 11/30/2023
91282CDM0 600,000.00 AA+ Aaa 12/1/2021 12/3/2021 599,039.06 0.58 263.74 597,656.28 US TREASURY NOTESDTD 12/15/2020 0.125% 12/15/2023
91282CBA8 1,500,000.00 AA+ Aaa 1/6/2021 1/7/2021 1,496,425.78 0.21 87.57 1,482,656.25 US TREASURY NOTESDTD 01/15/2021 0.125% 01/15/2024
91282CBE0 2,300,000.00 AA+ Aaa 2/2/2021 2/3/2021 2,296,316.41 0.18 1,328.13 2,270,890.74 US TREASURY NOTESDTD 02/15/2021 0.125% 02/15/2024
91282CBM2 350,000.00 AA+ Aaa 2/23/2021 2/25/2021 349,015.63 0.22 165.25 345,460.92 US TREASURY NOTESDTD 02/15/2021 0.125% 02/15/2024
91282CBM2 1,250,000.00 AA+ Aaa 3/1/2021 3/3/2021 1,244,580.08 0.27 590.18 1,233,789.00 US TREASURY NOTESDTD 05/01/2017 2.000% 04/30/2024
912828X70 575,000.00 AA+ Aaa 4/1/2021 4/5/2021 603,547.85 0.37 1,969.61 590,542.94 US TREASURY N/B NOTESDTD 06/15/2021 0.250% 06/15/2024
91282CCG4 2,000,000.00 AA+ Aaa 7/1/2021 7/7/2021 1,987,031.25 0.47 233.52 1,970,625.00 US TREASURY N/B NOTESDTD 06/15/2021 0.250% 06/15/2024
91282CCG4 142,000.00 AA+ Aaa 6/22/2021 6/24/2021 141,173.52 0.45 16.58 139,914.38 US TREASURY N/B NOTESDTD 07/15/2021 0.375% 07/15/2024
91282CCL3 600,000.00 AA+ Aaa 8/9/2021 8/10/2021 599,367.19 0.41 1,039.40 592,500.00 US TREASURY N/B NOTESDTD 07/15/2021 0.375% 07/15/2024
91282CCL3 750,000.00 AA+ Aaa 8/4/2021 8/6/2021 750,878.91 0.33 1,299.25 740,625.00 31 50
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
U.S. Treasury
US TREASURY N/B NOTESDTD 08/15/2021 0.375% 08/15/2024
91282CCT6 1,575,000.00 AA+ Aaa 9/1/2021 9/3/2021 1,573,277.34 0.41 2,230.89 1,554,082.11 US TREASURY N/B NOTESDTD 09/15/2021 0.375% 09/15/2024
91282CCX7 1,500,000.00 AA+ Aaa 10/1/2021 10/6/2021 1,493,906.25 0.51 1,678.18 1,478,671.80 US TREASURY NOTESDTD 10/31/2019 1.500% 10/31/2024
912828YM6 1,650,000.00 AA+ Aaa 5/4/2021 5/6/2021 1,710,263.67 0.44 4,238.95 1,675,781.25 US TREASURY N/B NOTESDTD 11/15/2021 0.750% 11/15/2024
91282CDH1 575,000.00 AA+ Aaa 12/1/2021 12/3/2021 572,911.13 0.88 559.91 571,855.44 US TREASURY NOTESDTD 11/30/2019 1.500% 11/30/2024
912828YV6 975,000.00 AA+ Aaa 6/2/2021 6/7/2021 1,011,181.64 0.42 1,285.72 990,234.38 US TREASURY NOTESDTD 11/30/2019 1.500% 11/30/2024
912828YV6 575,000.00 AA+ Aaa 6/15/2021 6/17/2021 595,911.13 0.44 758.24 583,984.37 Security Type Sub-Total 25,642,000.00 25,790,369.82 0.48 42,467.63 25,551,270.08 Supranational
INTL BK OF RECON AND DEV NOTEDTD 04/20/2021 0.126% 04/20/2023 459058JV6 385,000.00 AAA Aaa 4/13/2021 4/20/2021 384,203.05 0.23 95.67 382,822.44 INTER-AMERICAN DEVEL BK NOTESDTD 04/24/2020 0.500% 05/24/2023 4581X0DM7 440,000.00 AAA Aaa 4/17/2020 4/24/2020 439,850.40 0.51 226.11 439,306.12 INTL BK RECON & DEVELOP NOTESDTD 11/24/2020 0.250% 11/24/2023 459058JM6 425,000.00 AAA Aaa 11/17/2020 11/24/2020 424,086.25 0.32 109.20 421,067.90 INTER-AMERICAN DEVEL BK NOTESDTD 09/23/2021 0.500% 09/23/2024 4581X0DZ8 535,000.00 AAA Aaa 9/15/2021 9/23/2021 534,604.10 0.52 728.19 528,158.42 Security Type Sub-Total 1,785,000.00 1,782,743.80 0.41 1,159.17 1,771,354.88 Negotiable CD
SKANDINAV ENSKILDA BANK LT CDDTD 09/03/2019 1.860% 08/26/2022 83050PDR7 575,000.00 A-1 P-1 8/29/2019 9/3/2019 575,000.00 1.85 3,802.67 580,553.93 NORDEA BANK ABP NEW YORK CERTDEPOSDTD 08/29/2019 1.850% 08/26/2022 65558TLL7 575,000.00 A-1+ P-1 8/27/2019 8/29/2019 575,000.00 1.84 3,782.22 580,517.13 32 51
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Negotiable CD
DNB BANK ASA/NY LT CDDTD 12/06/2019 2.040% 12/02/2022
23341VZT1 575,000.00 A-1+ P-1 12/4/2019 12/6/2019 575,000.00 2.03 977.50 583,175.93 CREDIT SUISSE NEW YORK CERTDEPOSDTD 03/23/2021 0.590% 03/17/2023 22552G3C2 425,000.00 A+ A1 3/19/2021 3/23/2021 425,000.00 0.59 1,978.14 424,905.65 Security Type Sub-Total 2,150,000.00 2,150,000.00 1.65 10,540.53 2,169,152.64 Federal Agency
FREDDIE MAC NOTESDTD 05/07/2020 0.375% 05/05/2023
3137EAER6 1,110,000.00 AA+ Aaa 5/5/2020 5/7/2020 1,109,533.80 0.39 647.50 1,107,498.06 FREDDIE MAC NOTESDTD 05/07/2020 0.375% 05/05/2023
3137EAER6 500,000.00 AA+ Aaa 6/3/2020 6/4/2020 500,400.00 0.35 291.67 498,873.00 FANNIE MAE NOTESDTD 05/22/2020 0.250% 05/22/2023
3135G04Q3 500,000.00 AA+ Aaa 6/3/2020 6/4/2020 498,380.00 0.36 135.42 497,903.00 FANNIE MAE NOTESDTD 05/22/2020 0.250% 05/22/2023
3135G04Q3 1,175,000.00 AA+ Aaa 5/20/2020 5/22/2020 1,171,463.25 0.35 318.23 1,170,072.05 FREDDIE MAC NOTESDTD 06/26/2020 0.250% 06/26/2023
3137EAES4 1,080,000.00 AA+ Aaa 6/24/2020 6/26/2020 1,076,846.40 0.35 37.50 1,074,687.48 FANNIE MAE NOTESDTD 07/10/2020 0.250% 07/10/2023
3135G05G4 650,000.00 AA+ Aaa 10/7/2020 10/8/2020 649,766.00 0.26 771.88 646,425.65 FANNIE MAE NOTESDTD 07/10/2020 0.250% 07/10/2023
3135G05G4 1,135,000.00 AA+ Aaa 7/8/2020 7/10/2020 1,132,559.75 0.32 1,347.81 1,128,758.64 FREDDIE MAC NOTESDTD 08/21/2020 0.250% 08/24/2023
3137EAEV7 1,075,000.00 AA+ Aaa 8/19/2020 8/21/2020 1,073,903.50 0.28 948.09 1,068,090.98 FREDDIE MAC NOTESDTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 465,000.00 AA+ Aaa 9/2/2020 9/4/2020 465,084.91 0.24 364.90 461,632.01 FREDDIE MAC NOTESDTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 625,000.00 AA+ Aaa 10/7/2020 10/8/2020 624,800.00 0.26 490.45 620,473.12 FREDDIE MAC NOTESDTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 735,000.00 AA+ Aaa 9/2/2020 9/4/2020 734,757.45 0.26 576.77 729,676.40 33 52
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

ADOBE INC CORP NOTE
DTD 02/03/2020 1.700% 02/01/2023
00724PAA7 135,000.00 A+ A2 1/23/2020 2/3/2020 134,981.10 1.70 956.25 136,487.29

ADOBE INC CORP NOTE
DTD 02/03/2020 1.700% 02/01/2023
00724PAA7 65,000.00 A+ A2 1/22/2020 2/3/2020 64,910.95 1.75 460.42 65,716.11 JPMORGAN CHASE & CO BONDSDTD 03/22/2019 3.207% 04/01/2023 46647PBB1 125,000.00 A- A2 3/15/2019 3/22/2019 125,000.00 3.21 1,002.19 125,748.63 EXXON MOBIL CORPORATIONCORPORATE NOTESDTD 04/15/2020 1.571% 04/15/2023 30231GBL5 150,000.00 AA- Aa2 5/11/2020 5/13/2020 151,935.00 1.12 497.48 151,711.95 PEPSICO INC CORPORATE NOTESDTD 05/01/2020 0.750% 05/01/2023 713448EY0 150,000.00 A+ A1 4/29/2020 5/1/2020 149,703.00 0.82 187.50 149,981.40 CHEVRON CORP CORPORATE NOTESDTD 05/11/2020 1.141% 05/11/2023 166764BV1 85,000.00 AA- Aa2 5/7/2020 5/11/2020 85,000.00 1.14 134.70 85,521.82

APPLE INC CORPORATE NOTES
DTD 05/11/2020 0.750% 05/11/2023
037833DV9 190,000.00 AA+ Aaa 5/4/2020 5/11/2020 189,483.20 0.84 197.92 190,314.83 GENERAL DYNAMICS CORP NOTESDTD 05/11/2018 3.375% 05/15/2023 369550BD9 225,000.00 A- A3 5/8/2020 5/12/2020 240,777.00 1.00 970.31 232,940.48 AMAZON.COM INC CORPORATE
NOTESDTD 06/03/2020 0.400% 06/03/2023
023135BP0 315,000.00 AA A1 6/1/2020 6/3/2020 314,559.00 0.45 98.00 313,971.53 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 06/08/2020 0.800% 06/08/2023 69371RQ82 50,000.00 A+ A1 6/1/2020 6/8/2020 49,930.50 0.85 25.56 50,053.05 PNC BANK NA CORP NOTESDTD 06/08/2018 3.500% 06/08/2023
69353RFL7 275,000.00 A A2 2/11/2020 2/13/2020 289,891.25 1.81 614.93 285,007.25 34 53
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

ALPHABET INC CORP NOTES
DTD 04/27/2016 3.375% 02/25/2024
02079KAB3 250,000.00 AA+ Aa2 11/30/2021 12/2/2021 264,105.00 0.82 2,953.13 262,972.25 GOLDMAN SACHS CORP NOTESDTD 03/03/2014 4.000% 03/03/2024 38141GVM3 150,000.00 BBB+ A2 1/21/2021 1/25/2021 165,336.00 0.67 1,966.67 159,030.30 CHARLES SCHWAB CORP NOTES(CALLABLE)DTD 03/18/2021 0.750% 03/18/2024 808513BN4 175,000.00 A A2 3/16/2021 3/18/2021 174,912.50 0.77 375.52 174,198.85 MORGAN STANLEY CORP NOTES(CALLABLE)DTD 04/22/2021 0.731% 04/05/2024 61772BAA1 105,000.00 BBB+ A1 4/19/2021 4/22/2021 105,000.00 0.73 183.36 104,635.44 COMCAST CORP (CALLABLE)CORPORATE NOTESDTD 10/05/2018 3.700% 04/15/2024 20030NCR0 200,000.00 A- A3 5/7/2020 5/11/2020 219,118.00 1.20 1,562.22 212,561.40 MORGAN STANLEY CORP NOTESDTD 04/24/2018 3.737% 04/24/2024 61744YAQ1 200,000.00 BBB+ A1 10/2/2020 10/6/2020 215,234.00 1.52 1,390.99 206,950.00 AMAZON.COM INC CORPORATE
NOTESDTD 05/12/2021 0.450% 05/12/2024
023135BW5 470,000.00 AA A1 5/10/2021 5/12/2021 469,313.80 0.50 287.88 465,106.83 UNITEDHEALTH GROUP INC(CALLABLE) CORP NDTD 05/19/2021 0.550% 05/15/2024 91324PEB4 190,000.00 A+ A3 5/17/2021 5/19/2021 189,802.40 0.59 133.53 187,550.52 35 54
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Corporate
CITIGROUP INC CORPORATE NOTESDTD 05/14/2020 1.678% 05/15/2024 172967MR9 75,000.00 BBB+ A3 10/2/2020 10/6/2020 76,853.25 0.98 160.81 75,725.55 CITIGROUP INC CORPORATE NOTESDTD 05/14/2020 1.678% 05/15/2024 172967MR9 150,000.00 BBB+ A3 5/7/2020 5/14/2020 150,000.00 1.68 321.62 151,451.10 CATERPILLAR FINL SERVICECORPORATE NOTESDTD 05/17/2021 0.450% 05/17/2024 14913R2L0 275,000.00 A A2 5/10/2021 5/17/2021 274,631.50 0.50 151.25 271,369.18

ASTRAZENECA FINANCE LLC
(CALLABLE) CORPDTD 05/28/2021 0.700% 05/28/2024
04636NAC7 290,000.00 A- A3 5/25/2021 5/28/2021 289,973.90 0.70 186.08 287,349.40 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 06/10/2021 0.450% 06/07/2024 24422EVQ9 80,000.00 A A2 6/7/2021 6/10/2021 79,900.00 0.49 24.00 78,952.88 TARGET CORP CORPORATE NOTESDTD 06/26/2014 3.500% 07/01/2024 87612EBD7 200,000.00 A A2 11/23/2021 11/29/2021 212,528.00 1.04 3,500.00 211,952.20 BANK OF AMERICA CORP NOTESDTD 07/23/2018 3.864% 07/23/2024 06051GHL6 200,000.00 A- A2 9/28/2020 10/1/2020 216,830.00 1.58 3,391.73 208,421.20 BRISTOL MYERS SQUIBB CO CORPNOTES (CALLDTD 01/26/2020 2.900% 07/26/2024 110122CM8 83,000.00 A+ A2 10/5/2020 10/7/2020 89,863.27 0.69 1,036.35 86,803.72

AMERICAN EXPRESS CO CORP
NOTES (CALLABLEDTD 07/30/2019 2.500% 07/30/2024
025816CG2 225,000.00 BBB+ A3 11/19/2021 11/23/2021 233,055.00 1.14 2,359.38 232,142.85

AMERICAN HONDA FINANCE
CORPORATE NOTESDTD 09/09/2021 0.750% 08/09/2024
02665WDY4 185,000.00 A- A3 9/7/2021 9/9/2021 184,877.90 0.77 431.67 182,890.82 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 08/09/2021 0.500% 08/09/2024 69371RR40 145,000.00 A+ A1 8/3/2021 8/9/2021 144,921.70 0.52 285.97 142,598.22 UNILEVER CAPITAL CORP(CALLABLE) CORPORADTD 08/12/2021 0.626% 08/12/2024 904764BN6 100,000.00 A+ A1 8/9/2021 8/12/2021 100,000.00 0.63 241.71 99,351.80 GOLDMAN SACHS GROUP INCCORPORATE NOTESDTD 06/10/2021 0.657% 09/10/2024 38141GYE8 150,000.00 BBB+ A2 6/7/2021 6/10/2021 150,000.00 0.66 303.86 148,720.95 36 55
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Corporate
TOYOTA MOTOR CREDIT CORPCORPORATE NOTESDTD 09/13/2021 0.625% 09/13/2024 89236TJN6 200,000.00 A+ A1 9/8/2021 9/13/2021 199,906.00 0.64 375.00 197,150.00 BANK OF AMERICA CORP(CALLABLE) CORPORATDTD 10/21/2020 0.810% 10/24/2024 06051GJH3 275,000.00 A- A2 10/16/2020 10/21/2020 275,000.00 0.81 414.56 273,189.13 MERCK & CO INC CORP NOTESDTD 02/10/2015 2.750% 02/10/2025 58933YAR6 130,000.00 A+ A1 3/9/2021 3/11/2021 138,819.20 0.98 1,400.21 135,870.15 TOYOTA MOTOR CREDIT CORP CORPNOTESDTD 02/13/2020 1.800% 02/13/2025 89236TGT6 200,000.00 A+ A1 9/23/2021 9/27/2021 205,542.00 0.96 1,380.00 202,991.60 JPMORGAN CHASE & CO CORPNOTES (CALLABLEDTD 02/16/2021 0.563% 02/16/2025 46647PBY1 170,000.00 A- A2 2/9/2021 2/16/2021 170,000.00 0.56 358.91 167,464.45 EXXON MOBIL CORP CORPORATE NT(CALLABLE)DTD 03/06/2015 2.709% 03/06/2025 30231GAF9 130,000.00 AA- Aa2 3/26/2021 3/30/2021 138,049.60 1.10 1,124.99 135,237.05 BURLINGTN NORTH SANTA FE CORPNOTES (CALDTD 03/09/2015 3.000% 04/01/2025 12189LAV3 125,000.00 AA- A3 3/5/2021 3/9/2021 134,578.75 1.07 937.50 131,229.25 BANK OF NY MELLON (CALLABLE)CORP NOTESDTD 04/24/2020 1.600% 04/24/2025 06406RAN7 135,000.00 A A1 3/9/2021 3/11/2021 138,202.20 1.01 402.00 135,917.73 CITIGROUP INC CORPORATE NOTESDTD 05/04/2021 0.981% 05/01/2025 172967MX6 175,000.00 BBB+ A3 4/28/2021 5/4/2021 175,458.50 0.91 286.13 173,418.70 JPMORGAN CHASE & COCORPORATE NOTESDTD 06/01/2021 0.824% 06/01/2025 46647PCH7 345,000.00 A- A2 5/24/2021 6/1/2021 345,000.00 0.82 236.90 340,881.05 Security Type Sub-Total 8,608,000.00 8,816,337.57 0.96 38,666.42 8,713,740.89 Agency CMBS
FHLMC MULTIFAMILY STRUCTURED PDTD 11/01/2015 2.716% 06/01/2022 3137BLUR7 236,535.83 AA+ Aaa 3/13/2019 3/18/2019 236,241.55 2.76 535.36 237,484.70 37 56
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Agency CMBS
FHLMC MULTIFAMILY STRUCTURED PDTD 12/01/2012 2.355% 07/01/2022 3137AVXN2 265,032.96 AA+ Aaa 6/12/2019 6/17/2019 265,861.20 2.25 520.13 266,818.91 FHLMC MULTIFAMILY STRUCTURED PDTD 05/01/2013 2.510% 11/01/2022 3137B1BS0 275,000.00 AA+ Aaa 8/13/2019 8/16/2019 279,554.69 1.98 575.21 278,331.70 FNA 2013-M7 A2DTD 05/01/2013 2.280% 12/01/2022
3136AEGQ4 84,574.58 AA+ Aaa 9/11/2019 9/16/2019 85,101.56 2.08 160.69 85,065.25 FNA 2013-M7 A2DTD 05/01/2013 2.280% 12/01/2022
3136AEGQ4 111,199.91 AA+ Aaa 9/4/2019 9/9/2019 112,656.73 1.86 211.28 111,845.06 FHMS KP05 ADTD 12/01/2018 3.203% 07/01/2023
3137FKK39 7,583.69 AA+ Aaa 12/7/2018 12/17/2018 7,583.66 3.20 20.24 7,776.84 FHMS KJ27 A1DTD 11/01/2019 2.092% 07/01/2024
3137FQ3V3 37,786.21 AA+ Aaa 11/20/2019 11/26/2019 37,785.29 2.09 65.87 38,239.11 Security Type Sub-Total 1,017,713.18 1,024,784.68 2.24 2,088.78 1,025,561.57 ABS
VWALT 2019-A A3DTD 10/04/2019 1.990% 11/21/2022
92867XAD8 43,107.05 AAA NR 10/1/2019 10/4/2019 43,106.37 1.99 26.21 43,176.00 HAROT 2019-1 A3DTD 02/27/2019 2.830% 03/20/2023
43814WAC9 39,470.16 AAA NR 2/19/2019 2/27/2019 39,469.11 2.83 40.34 39,704.22 VALET 2018-2 A3DTD 11/21/2018 3.250% 04/20/2023
92869BAD4 30,739.92 AAA Aaa 11/15/2018 11/21/2018 30,738.63 3.25 30.53 30,810.84 GMCAR 2018-3 A3DTD 07/18/2018 3.020% 05/16/2023
36255JAD6 16,614.67 AAA NR 7/11/2018 7/18/2018 16,610.79 3.03 20.91 16,645.11 CARMAX AUTO OWNER TRUSTDTD 07/25/2018 3.130% 06/15/2023 14313FAD1 24,671.37 AAA NR 7/18/2018 7/25/2018 24,668.01 3.13 34.32 24,739.08 HYUNDAI AUTO RECEIVABLES TRUSTDTD 04/10/2019 2.660% 06/15/2023 44932NAD2 55,914.17 AAA NR 4/3/2019 4/10/2019 55,906.81 2.66 66.10 56,158.41 GMALT 2020-3 A3DTD 09/29/2020 0.450% 08/21/2023
362569AC9 135,000.00 AAA Aaa 9/22/2020 9/29/2020 134,987.07 0.45 18.56 134,982.06 ALLYA 2019-1 A3
DTD 02/13/2019 2.910% 09/15/2023
02004WAC5 34,796.34 NR Aaa 2/5/2019 2/13/2019 34,792.13 2.91 45.00 34,971.66 CARMAX AUTO OWNER TRUSTDTD 10/24/2018 3.360% 09/15/2023 14315EAC4 50,445.86 AAA NR 10/17/2018 10/24/2018 50,445.39 3.36 75.33 50,809.11 38 57
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
ABS
NAROT 2019-A A3DTD 02/13/2019 2.900% 10/15/2023
65479KAD2 84,121.95 NR Aaa 2/5/2019 2/13/2019 84,109.21 2.90 108.42 84,654.14 COPAR 2019-1 A3DTD 05/30/2019 2.510% 11/15/2023
14042WAC4 57,250.40 AAA Aaa 5/21/2019 5/30/2019 57,238.80 2.51 63.87 57,614.11 MBALT 2020-B A3DTD 09/23/2020 0.400% 11/15/2023
58769EAC2 75,000.00 AAA NR 9/15/2020 9/23/2020 74,996.20 0.40 13.33 74,852.03 GMCAR 2019-1 A3DTD 01/16/2019 2.970% 11/16/2023
36256XAD4 49,644.47 NR Aaa 1/8/2019 1/16/2019 49,638.97 2.97 61.44 49,852.66 FIFTH THIRD AUTO TRUSTDTD 05/08/2019 2.640% 12/15/2023
31680YAD9 62,162.37 AAA Aaa 4/30/2019 5/8/2019 62,148.70 2.65 72.94 62,497.72 BMWLT 2021-1 A3DTD 03/10/2021 0.290% 01/25/2024
05591RAC8 105,000.00 AAA Aaa 3/2/2021 3/10/2021 104,996.67 0.29 5.08 104,706.28 HDMOT 2019-A A3DTD 06/26/2019 2.340% 02/15/2024
41284WAC4 76,858.44 NR Aaa 6/19/2019 6/26/2019 76,852.50 2.34 79.93 77,154.58 CARMX 2019-2 A3DTD 04/17/2019 2.680% 03/15/2024
14316LAC7 91,451.12 AAA NR 4/9/2019 4/17/2019 91,441.77 2.68 108.93 92,303.02 VZOT 2019-C A1ADTD 10/08/2019 1.940% 04/22/2024
92348AAA3 285,937.10 AAA NR 10/1/2019 10/8/2019 285,915.05 1.94 169.50 287,881.47 GMALT 2021-2 A3DTD 05/26/2021 0.340% 05/20/2024
380144AC9 210,000.00 AAA NR 5/18/2021 5/26/2021 209,967.03 0.35 21.82 209,039.21 NAROT 2019-C A3DTD 10/23/2019 1.930% 07/15/2024
65479JAD5 179,057.01 AAA Aaa 10/16/2019 10/23/2019 179,047.55 1.93 153.59 180,400.19 VZOT 2020-A A1ADTD 01/29/2020 1.850% 07/22/2024
92348TAA2 140,000.00 AAA Aaa 1/21/2020 1/29/2020 139,983.61 1.85 79.14 140,962.99 TAOT 2020-C A3DTD 07/27/2020 0.440% 10/15/2024
89237VAB5 200,000.00 AAA Aaa 7/21/2020 7/27/2020 199,984.60 0.44 39.11 199,734.38 HDMOT 2020-A A3DTD 01/29/2020 1.870% 10/15/2024
41284UAD6 79,933.31 AAA Aaa 1/21/2020 1/29/2020 79,915.88 1.87 66.43 80,454.54 HAROT 2020-3 A3DTD 09/29/2020 0.370% 10/18/2024
43813KAC6 180,000.00 AAA NR 9/22/2020 9/29/2020 179,973.56 0.37 24.05 179,331.53 BMWOT 2020-A A3DTD 07/15/2020 0.480% 10/25/2024
09661RAD3 119,295.58 AAA NR 7/8/2020 7/15/2020 119,286.57 0.48 9.54 119,248.17 CARMX 2020-1 A3DTD 01/22/2020 1.890% 12/16/2024
14315XAC2 147,219.54 AAA NR 1/14/2020 1/22/2020 147,190.66 1.89 123.66 148,582.37 39 58
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
ABS
HART 2020-B A3DTD 07/22/2020 0.480% 12/16/2024
44933FAC0 195,000.00 AAA NR 7/14/2020 7/22/2020 194,963.50 0.48 41.60 194,957.65 VZOT 2020-B ADTD 08/12/2020 0.470% 02/20/2025
92290BAA9 310,000.00 NR Aaa 8/4/2020 8/12/2020 309,934.90 0.47 44.52 309,164.55 GMCAR 2020-3 A3DTD 08/19/2020 0.450% 04/16/2025
362590AC5 205,000.00 NR Aaa 8/11/2020 8/19/2020 204,953.10 0.46 38.44 204,519.09 WOART 2020-B A3DTD 06/24/2020 0.630% 05/15/2025
98163WAC0 175,000.00 AAA NR 6/16/2020 6/24/2020 174,986.28 0.63 49.00 175,111.51 HART 2021-A A3DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 115,000.00 AAA NR 4/20/2021 4/28/2021 114,987.90 0.38 19.42 113,872.36 HAROT 2021-4 A3DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 155,000.00 NR Aaa 11/16/2021 11/24/2021 154,967.33 0.89 37.89 154,670.52 CARMX 2021-2 A3DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 125,000.00 AAA NR 4/13/2021 4/21/2021 124,973.06 0.52 28.89 123,936.80 HART 2021-C A3DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 120,000.00 AAA NR 11/9/2021 11/17/2021 119,973.22 0.75 39.47 119,204.40 CARMX 2021-3 A3DTD 07/28/2021 0.550% 06/15/2026
14317DAC4 260,000.00 AAA Aaa 7/21/2021 7/28/2021 259,957.23 0.55 63.56 257,995.45 DCENT 2021-A1 A1DTD 09/27/2021 0.580% 09/15/2026
254683CP8 155,000.00 AAA Aaa 9/20/2021 9/27/2021 154,966.81 0.58 39.96 152,617.76 COPAR 2021-1 A3DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 160,000.00 AAA Aaa 10/19/2021 10/27/2021 159,996.98 0.77 54.76 158,800.42 GMCAR 2021-4 A3DTD 10/21/2021 0.680% 09/16/2026
362554AC1 100,000.00 AAA Aaa 10/13/2021 10/21/2021 99,997.45 0.68 28.33 99,233.64 WOART 2021-D A3DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 190,000.00 AAA NR 10/26/2021 11/3/2021 189,974.12 0.81 68.40 188,923.84 COMET 2021-A3 A3DTD 11/30/2021 1.040% 11/16/2026
14041NFY2 305,000.00 AAA NR 11/18/2021 11/30/2021 304,957.97 1.04 273.15 303,728.94 Security Type Sub-Total 5,143,690.83 5,143,001.49 2,385.47 5,138,002.81 1.10 Managed Account Sub Total 54,296,404.01 54,643,841.42 103,406.97 54,264,542.26Securities Sub TotalAccrued Interest $54,296,404.01 $54,643,841.42 $103,406.97 $54,264,542.26 $103,406.97
40 59
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Holdings
|
Total Investments $54,367,949.23
41 60
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY10/1/2021 10/6/2021 1,500,000.00 91282CDA6 US TREASURY NOTES 0.25% 9/30/2023 1,499,241.50 0.28%10/1/2021 10/6/2021 1,500,000.00 91282CCX7 US TREASURY N/B NOTES 0.37% 9/15/2024 1,494,232.56 0.51%10/13/2021 10/21/2021 100,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 99,997.45 0.68%10/19/2021 10/27/2021 160,000.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 159,996.98 0.77%10/26/2021 11/3/2021 190,000.00 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 189,974.12 0.81%11/1/2021 11/3/2021 1,425,000.00 91282CDD0 US TREASURY N/B NOTES 0.37% 10/31/2023 1,420,925.15 0.52%11/9/2021 11/17/2021 120,000.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 119,973.22 0.75%11/16/2021 11/18/2021 125,000.00 459200HU8 IBM CORP NOTES 3.62% 2/12/2024 133,450.83 0.99%11/16/2021 11/24/2021 155,000.00 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 154,967.33 0.89%11/18/2021 11/30/2021 305,000.00 14041NFY2 COMET 2021-A3 A3 1.04% 11/16/2026 304,957.97 1.04%11/19/2021 11/23/2021 225,000.00 025816CG2 AMERICAN EXPRESS CO CORP NOTES (CALLABLE 2.50% 7/30/2024 234,820.63 1.14%11/23/2021 11/29/2021 200,000.00 87612EBD7 TARGET CORP CORPORATE NOTES 3.50% 7/1/2024 215,405.78 1.04%11/30/2021 12/2/2021 250,000.00 02079KAB3 ALPHABET INC CORP NOTES 3.37% 2/25/2024 266,378.44 0.82%12/1/2021 12/3/2021 575,000.00 91282CDH1 US TREASURY N/B NOTES 0.75% 11/15/2024 573,125.56 0.87%12/1/2021 12/3/2021 600,000.00 91282CDM0 US TREASURY N/B NOTES 0.50% 11/30/2023 599,063.79 0.58% Total BUY 7,430,000.00 7,466,511.31 0.00
42 61
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/1/2021 10/25/2021 287,733.05 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 651.2410/1/2021 10/25/2021 271,075.66 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 531.9910/1/2021 10/1/2021 125,000.00 12189LAV3 BURLINGTN NORTH SANTA FE CORP NOTES (CAL 3.00% 4/1/2025 1,875.0010/1/2021 10/25/2021 84,074.46 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 1,339.9510/1/2021 10/25/2021 283,052.08 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 746.7910/1/2021 10/25/2021 275,000.00 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 575.2110/1/2021 10/1/2021 MONEY0002 MONEY MARKET FUND 0.5410/1/2021 10/1/2021 125,000.00 46647PBB1 JPMORGAN CHASE & CO BONDS 3.20% 4/1/2023 2,004.3810/1/2021 10/25/2021 21,211.43 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 56.6210/5/2021 10/5/2021 105,000.00 61772BAA1 MORGAN STANLEY CORP NOTES (CALLABLE) 0.73% 4/5/2024 347.5310/15/2021 10/15/2021 175,000.00 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 91.8810/15/2021 10/15/2021 103,715.74 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 161.6210/15/2021 10/15/2021 260,000.00 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 119.1710/15/2021 10/15/2021 55,264.86 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 144.1510/15/2021 10/15/2021 228,341.39 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 367.2510/15/2021 10/15/2021 75,000.00 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 25.0010/15/2021 10/15/2021 77,813.77 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 217.88 43 62
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/15/2021 10/15/2021 54,463.28 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 132.0710/15/2021 10/15/2021 82,211.73 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 171.9610/15/2021 10/15/2021 200,000.00 89237VAB5 TAOT 2020-C A3 0.44% 10/15/2024 73.3310/15/2021 10/15/2021 155,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 44.9510/15/2021 10/15/2021 150,000.00 30231GBL5 EXXON MOBIL CORPORATION CORPORATE NOTES 1.57% 4/15/2023 1,178.2510/15/2021 10/15/2021 160,000.00 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 252.0010/15/2021 10/15/2021 115,000.00 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 36.4210/15/2021 10/15/2021 200,000.00 20030NCR0 COMCAST CORP (CALLABLE) CORPORATE NOTES 3.70% 4/15/2024 3,700.0010/15/2021 10/15/2021 93,144.14 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 204.9210/15/2021 10/15/2021 195,000.00 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 78.0010/15/2021 10/15/2021 121,689.84 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 271.7710/15/2021 10/15/2021 220,000.00 254683CM5 DCENT 2019-A3 A 1.89% 10/15/2024 346.5010/15/2021 10/15/2021 125,000.00 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 54.1710/15/2021 10/15/2021 92,568.48 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 205.1910/15/2021 10/15/2021 1,500,000.00 912828YK0 US TREASURY NOTES 1.37% 10/15/2022 10,312.5010/15/2021 10/15/2021 121,993.09 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 237.8910/15/2021 10/15/2021 123,384.95 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 298.18 44 63
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/16/2021 10/16/2021 205,000.00 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 76.8810/16/2021 10/16/2021 40,261.75 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 101.3310/16/2021 10/16/2021 82,558.96 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 204.3310/18/2021 10/18/2021 62,954.58 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 148.4710/18/2021 10/18/2021 180,000.00 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 55.5010/20/2021 10/20/2021 94,657.69 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 156.9710/20/2021 10/20/2021 385,000.00 459058JV6 INTL BK OF RECON AND DEV NOTE 0.12% 4/20/2023 242.5510/20/2021 10/20/2021 310,000.00 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 121.4210/20/2021 10/20/2021 365,000.00 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 590.0810/20/2021 10/20/2021 210,000.00 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 59.5010/20/2021 10/20/2021 140,000.00 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 215.8310/20/2021 10/20/2021 75,329.14 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 204.0210/20/2021 10/20/2021 135,000.00 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 50.6310/24/2021 10/24/2021 135,000.00 06406RAN7 BANK OF NY MELLON (CALLABLE) CORP NOTES 1.60% 4/24/2025 1,080.0010/24/2021 10/24/2021 200,000.00 61744YAQ1 MORGAN STANLEY CORP NOTES 3.73% 4/24/2024 3,737.0010/24/2021 10/24/2021 275,000.00 06051GJH3 BANK OF AMERICA CORP (CALLABLE) CORPORAT 0.81% 10/24/2024 1,113.7510/25/2021 10/25/2021 130,000.00 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 52.00 45 64
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/25/2021 10/25/2021 105,000.00 05591RAC8 BMWLT 2021-1 A3 0.29% 1/25/2024 25.3810/31/2021 10/31/2021 1,650,000.00 912828YM6 US TREASURY NOTES 1.50% 10/31/2024 12,375.0010/31/2021 10/31/2021 575,000.00 912828X70 US TREASURY NOTES 2.00% 4/30/2024 5,750.0011/1/2021 11/25/2021 232,773.63 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 540.6411/1/2021 11/25/2021 270,307.11 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 530.4811/1/2021 11/25/2021 275,000.00 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 575.2111/1/2021 11/1/2021 MONEY0002 MONEY MARKET FUND 0.4811/1/2021 11/1/2021 150,000.00 713448EY0 PEPSICO INC CORPORATE NOTES 0.75% 5/1/2023 562.5011/1/2021 11/25/2021 287,190.29 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 650.0111/1/2021 11/25/2021 7,623.18 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 20.3511/1/2021 11/25/2021 38,041.33 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 66.3211/1/2021 11/1/2021 175,000.00 172967MX6 CITIGROUP INC CORPORATE NOTES 0.98% 5/1/2025 844.0711/5/2021 11/5/2021 1,610,000.00 3137EAER6 FREDDIE MAC NOTES 0.37% 5/5/2023 3,018.7511/11/2021 11/11/2021 85,000.00 166764BV1 CHEVRON CORP CORPORATE NOTES 1.14% 5/11/2023 484.9311/11/2021 11/11/2021 190,000.00 037833DV9 APPLE INC CORPORATE NOTES 0.75% 5/11/2023 712.5011/12/2021 11/12/2021 470,000.00 023135BW5 AMAZON.COM INC CORPORATE NOTES 0.45% 5/12/2024 1,057.5011/15/2021 11/15/2021 109,849.06 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 265.47 46 65
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/15/2021 11/15/2021 111,500.32 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 249.0211/15/2021 11/15/2021 160,000.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 61.6011/15/2021 11/15/2021 80,071.53 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 177.4911/15/2021 11/15/2021 73,541.01 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 153.8211/15/2021 11/15/2021 105,856.17 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 206.4211/15/2021 11/15/2021 75,000.00 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 25.0011/15/2021 11/15/2021 125,000.00 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 54.1711/15/2021 11/15/2021 225,000.00 369550BD9 GENERAL DYNAMICS CORP NOTES 3.37% 5/15/2023 3,796.8811/15/2021 11/15/2021 47,682.38 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 115.6311/15/2021 11/15/2021 160,000.00 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 252.0011/15/2021 11/15/2021 175,000.00 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 91.8811/15/2021 11/15/2021 82,386.12 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 181.2511/15/2021 11/15/2021 225,000.00 172967MR9 CITIGROUP INC CORPORATE NOTES 1.67% 5/15/2024 1,887.7511/15/2021 11/15/2021 2,150,000.00 91282CAW1 US TREASURY NOTES 0.25% 11/15/2023 2,687.5011/15/2021 11/15/2021 44,905.41 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 117.1311/15/2021 11/15/2021 220,000.00 254683CM5 DCENT 2019-A3 A 1.89% 10/15/2024 346.5011/15/2021 11/15/2021 115,000.00 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 36.42 47 66
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/15/2021 11/15/2021 190,000.00 91324PEB4 UNITEDHEALTH GROUP INC (CALLABLE) CORP N 0.55% 5/15/2024 510.8911/15/2021 11/15/2021 95,275.70 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 148.4711/15/2021 11/15/2021 260,000.00 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 119.1711/15/2021 11/15/2021 68,520.09 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 191.8611/15/2021 11/15/2021 211,094.88 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 339.5111/15/2021 11/15/2021 200,000.00 89237VAB5 TAOT 2020-C A3 0.44% 10/15/2024 73.3311/15/2021 11/15/2021 195,000.00 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 78.0011/15/2021 11/15/2021 155,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 74.9211/16/2021 11/16/2021 32,104.07 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 80.8011/16/2021 11/16/2021 71,642.50 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 177.3211/16/2021 11/16/2021 205,000.00 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 76.8811/16/2021 11/16/2021 100,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 47.2211/17/2021 11/17/2021 165,000.00 38141GXL3 GOLDMAN SACHS GROUP INC CORPORATE NOTES 0.62% 11/17/2023 517.2811/17/2021 11/17/2021 275,000.00 14913R2L0 CATERPILLAR FINL SERVICE CORPORATE NOTES 0.45% 5/17/2024 618.7511/18/2021 11/18/2021 180,000.00 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 55.5011/18/2021 11/18/2021 54,607.30 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 128.7811/20/2021 11/20/2021 140,000.00 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 215.83 48 67
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/20/2021 11/20/2021 210,000.00 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 59.5011/20/2021 11/20/2021 135,000.00 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 50.6311/20/2021 11/20/2021 76,830.48 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 127.4111/20/2021 11/20/2021 365,000.00 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 590.0811/20/2021 11/20/2021 310,000.00 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 121.4211/20/2021 11/20/2021 59,807.75 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 161.9811/22/2021 11/22/2021 1,675,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 2,093.7511/24/2021 11/24/2021 425,000.00 459058JM6 INTL BK RECON & DEVELOP NOTES 0.25% 11/24/2023 531.2511/24/2021 11/24/2021 440,000.00 4581X0DM7 INTER-AMERICAN DEVEL BK NOTES 0.50% 5/24/2023 1,100.0011/25/2021 11/25/2021 130,000.00 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 52.0011/25/2021 11/25/2021 105,000.00 05591RAC8 BMWLT 2021-1 A3 0.29% 1/25/2024 25.3811/28/2021 11/28/2021 290,000.00 04636NAC7 ASTRAZENECA FINANCE LLC (CALLABLE) CORP 0.70% 5/28/2024 1,015.0011/30/2021 11/30/2021 1,550,000.00 912828YV6 US TREASURY NOTES 1.50% 11/30/2024 11,625.0012/1/2021 12/25/2021 37,921.41 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 66.1112/1/2021 12/25/2021 280,331.18 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 634.4812/1/2021 12/25/2021 265,798.11 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 521.6312/1/2021 12/25/2021 7,604.14 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 20.30 49 68
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/1/2021 12/25/2021 275,000.00 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 575.2112/1/2021 12/25/2021 209,972.72 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 442.2812/1/2021 12/1/2021 MONEY0002 MONEY MARKET FUND 0.5912/1/2021 12/1/2021 345,000.00 46647PCH7 JPMORGAN CHASE & CO CORPORATE NOTES 0.82% 6/1/2025 1,421.4012/2/2021 12/2/2021 575,000.00 23341VZT1 DNB BANK ASA/NY LT CD 2.04% 12/2/2022 5,962.7512/3/2021 12/3/2021 315,000.00 023135BP0 AMAZON.COM INC CORPORATE NOTES 0.40% 6/3/2023 630.0012/4/2021 12/4/2021 900,000.00 3137EAFA2 FREDDIE MAC NOTES 0.25% 12/4/2023 1,125.0012/7/2021 12/7/2021 80,000.00 24422EVQ9 JOHN DEERE CAPITAL CORP CORPORATE NOTES 0.45% 6/7/2024 177.0012/8/2021 12/8/2021 275,000.00 69353RFL7 PNC BANK NA CORP NOTES 3.50% 6/8/2023 4,812.5012/8/2021 12/8/2021 50,000.00 69371RQ82 PACCAR FINANCIAL CORP CORPORATE NOTES 0.80% 6/8/2023 200.0012/15/2021 12/15/2021 155,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 74.9212/15/2021 12/15/2021 120,000.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 69.0712/15/2021 12/15/2021 59,477.92 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 166.5412/15/2021 12/15/2021 175,000.00 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 91.8812/15/2021 12/15/2021 71,954.83 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 158.3012/15/2021 12/15/2021 200,000.00 89237VAB5 TAOT 2020-C A3 0.44% 10/15/2024 73.3312/15/2021 12/15/2021 87,137.03 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 135.79 50 69
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/15/2021 12/15/2021 115,000.00 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 36.4212/15/2021 12/15/2021 34,679.49 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 90.4612/15/2021 12/15/2021 125,000.00 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 54.1712/15/2021 12/15/2021 195,000.00 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 78.0012/15/2021 12/15/2021 41,026.68 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 99.4912/15/2021 12/15/2021 2,142,000.00 91282CCG4 US TREASURY N/B NOTES 0.25% 6/15/2024 2,677.5012/15/2021 12/15/2021 65,275.56 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 136.5312/15/2021 12/15/2021 190,000.00 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 179.5512/15/2021 12/15/2021 195,110.28 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 313.8012/15/2021 12/15/2021 160,000.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 102.6712/15/2021 12/15/2021 1,500,000.00 91282CBA8 US TREASURY NOTES 0.12% 12/15/2023 937.5012/15/2021 12/15/2021 96,924.56 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 234.2312/15/2021 12/15/2021 260,000.00 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 119.1712/15/2021 12/15/2021 75,000.00 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 25.0012/15/2021 12/15/2021 101,545.55 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 226.7912/15/2021 12/15/2021 90,756.87 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 176.9812/15/2021 12/15/2021 67,416.39 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 149.44 51 70
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/15/2021 12/15/2021 156,907.15 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 247.1312/16/2021 12/16/2021 24,132.04 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 60.7312/16/2021 12/16/2021 100,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 56.6712/16/2021 12/16/2021 60,757.09 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 150.3712/16/2021 12/16/2021 205,000.00 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 76.8812/18/2021 12/18/2021 180,000.00 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 55.5012/18/2021 12/18/2021 46,874.34 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 110.5512/20/2021 12/20/2021 135,000.00 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 50.6312/20/2021 12/20/2021 60,646.87 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 100.5712/20/2021 12/20/2021 45,496.97 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 123.2212/20/2021 12/20/2021 323,583.13 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 523.1312/20/2021 12/20/2021 310,000.00 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 121.4212/20/2021 12/20/2021 210,000.00 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 59.5012/20/2021 12/20/2021 140,000.00 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 215.8312/21/2021 12/21/2021 155,000.00 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 102.3012/24/2021 12/24/2021 275,000.00 166764AH3 CHEVRON CORP 3.19% 6/24/2023 4,387.6312/25/2021 12/25/2021 105,000.00 05591RAC8 BMWLT 2021-1 A3 0.29% 1/25/2024 25.38 52 71
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/25/2021 12/25/2021 128,482.03 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 51.3912/26/2021 12/26/2021 1,080,000.00 3137EAES4 FREDDIE MAC NOTES 0.25% 6/26/2023 1,350.00 Total INTEREST 41,745,922.72 124,858.13 0.00
PAYDOWNS10/1/2021 10/25/2021 768.55 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 768.5510/1/2021 10/25/2021 46,033.13 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 46,033.1310/1/2021 10/25/2021 13,588.25 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 13,588.2510/1/2021 10/25/2021 28,558.16 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 28,558.1610/1/2021 10/25/2021 542.76 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 542.7610/1/2021 10/25/2021 21,720.29 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 21,720.2910/15/2021 10/15/2021 10,359.45 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 10,359.4510/15/2021 10/15/2021 12,496.95 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 12,496.9510/15/2021 10/15/2021 10,189.52 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 10,189.5210/15/2021 10/15/2021 10,758.02 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 10,758.0210/15/2021 10/15/2021 8,440.04 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 8,440.0410/15/2021 10/15/2021 16,136.92 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 16,136.9210/15/2021 10/15/2021 13,535.89 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 13,535.89 53 72
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS10/15/2021 10/15/2021 6,780.90 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 6,780.9010/15/2021 10/15/2021 9,293.68 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 9,293.6810/15/2021 10/15/2021 8,670.72 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 8,670.7210/15/2021 10/15/2021 17,246.51 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 17,246.5110/16/2021 10/16/2021 10,916.46 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 10,916.4610/16/2021 10/16/2021 8,157.68 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 8,157.6810/18/2021 10/18/2021 8,347.28 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 8,347.2810/20/2021 10/20/2021 17,827.21 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 17,827.2110/20/2021 10/20/2021 15,521.39 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 15,521.3911/1/2021 11/25/2021 4,509.00 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 4,509.0011/1/2021 11/25/2021 119.92 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 119.9211/1/2021 11/25/2021 12,950.92 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 12,950.9211/1/2021 11/25/2021 6,859.11 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 6,859.1111/1/2021 11/25/2021 9,849.99 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 9,849.9911/1/2021 11/25/2021 19.04 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 19.0411/15/2021 11/15/2021 9,954.77 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 9,954.7711/15/2021 11/15/2021 8,265.45 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 8,265.45 54 73
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS11/15/2021 11/15/2021 12,924.50 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 12,924.5011/15/2021 11/15/2021 6,655.70 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 6,655.7011/15/2021 11/15/2021 3,092.85 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 3,092.8511/15/2021 11/15/2021 8,138.67 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 8,138.6711/15/2021 11/15/2021 15,984.60 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 15,984.6011/15/2021 11/15/2021 10,431.29 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 10,431.2911/15/2021 11/15/2021 12,655.14 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 12,655.1411/15/2021 11/15/2021 15,099.30 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 15,099.3011/15/2021 11/15/2021 9,042.17 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 9,042.1711/15/2021 11/15/2021 10,225.92 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 10,225.9211/16/2021 11/16/2021 10,885.41 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 10,885.4111/16/2021 11/16/2021 7,972.03 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 7,972.0311/18/2021 11/18/2021 7,732.96 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 7,732.9611/20/2021 11/20/2021 16,183.61 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 16,183.6111/20/2021 11/20/2021 41,416.87 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 41,416.8711/20/2021 11/20/2021 14,310.78 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 14,310.7811/25/2021 11/25/2021 1,517.97 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 1,517.97 55 74
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS12/1/2021 12/25/2021 135.20 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 135.2012/1/2021 12/25/2021 8,064.59 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 8,064.5912/1/2021 12/25/2021 43,795.35 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 43,795.3512/1/2021 12/25/2021 765.15 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 765.1512/1/2021 12/25/2021 6,133.64 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 6,133.6412/1/2021 12/25/2021 20.45 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 20.4512/15/2021 12/15/2021 8,025.16 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 8,025.1612/15/2021 12/15/2021 10,008.12 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 10,008.1212/15/2021 12/15/2021 9,792.46 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 9,792.4612/15/2021 12/15/2021 16,053.27 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 16,053.2712/15/2021 12/15/2021 7,203.72 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 7,203.7212/15/2021 12/15/2021 10,094.43 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 10,094.4312/15/2021 12/15/2021 12,802.61 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 12,802.6112/15/2021 12/15/2021 11,502.22 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 11,502.2212/15/2021 12/15/2021 6,230.34 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 6,230.3412/15/2021 12/15/2021 9,687.61 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 9,687.6112/15/2021 12/15/2021 9,032.06 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 9,032.06 56 75
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS12/15/2021 12/15/2021 13,898.43 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 13,898.4312/16/2021 12/16/2021 7,517.37 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 7,517.3712/16/2021 12/16/2021 11,112.62 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 11,112.6212/18/2021 12/18/2021 7,404.18 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 7,404.1812/20/2021 12/20/2021 17,539.82 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 17,539.8212/20/2021 12/20/2021 37,646.03 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 37,646.0312/20/2021 12/20/2021 14,757.05 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 14,757.0512/25/2021 12/25/2021 9,186.45 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 9,186.45 Total PAYDOWNS 841,096.06 841,096.06 0.00
SELL10/1/2021 10/6/2021 700,000.00 912828YK0 US TREASURY NOTES 1.37% 10/15/2022 713,790.67 10,974.6810/1/2021 10/6/2021 925,000.00 9128282S8 US TREASURY NOTES 1.62% 8/31/2022 939,249.70 10,404.2110/1/2021 10/6/2021 850,000.00 912828YK0 US TREASURY NOTES 1.37% 10/15/2022 866,745.80 12,285.8310/4/2021 10/6/2021 225,000.00 189054AT6 CLOROX COMPANY CORP NOTE (CALLABLE) 3.05% 9/15/2022 229,763.06 974.0910/4/2021 10/6/2021 250,000.00 110122DT2 BRISTOL-MYERS SQUIBB CO (CALLABLE) CORP 0.53% 11/13/2023 250,583.27 50.0010/26/2021 10/27/2021 25,000.00 912828YK0 US TREASURY NOTES 1.37% 10/15/2022 25,316.99 364.9810/28/2021 11/3/2021 75,000.00 912828YK0 US TREASURY NOTES 1.37% 10/15/2022 75,944.46 1,065.07 57 76
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL11/1/2021 11/3/2021 550,000.00 912828YK0 US TREASURY NOTES 1.37% 10/15/2022 556,775.61 7,660.0611/1/2021 11/3/2021 300,000.00 912828YK0 US TREASURY NOTES 1.37% 10/15/2022 303,695.79 4,299.2811/1/2021 11/3/2021 550,000.00 912828YK0 US TREASURY NOTES 1.37% 10/15/2022 556,775.61 7,631.6411/15/2021 11/17/2021 220,000.00 254683CM5 DCENT 2019-A3 A 1.89% 10/15/2024 223,099.66 3,104.3011/16/2021 11/18/2021 50,000.00 912828Z29 US TREASURY NOTES 1.50% 1/15/2023 50,983.35 629.7311/19/2021 11/30/2021 275,000.00 912828Z29 US TREASURY NOTES 1.50% 1/15/2023 280,521.49 3,457.1211/22/2021 11/22/2021 225,000.00 86565CKU2 SUMITOMO MITSUI BANK NY CERT DEPOS 0.70% 7/8/2022 226,125.60 526.2211/24/2021 11/29/2021 225,000.00 86565CKU2 SUMITOMO MITSUI BANK NY CERT DEPOS 0.70% 7/8/2022 226,098.68 468.6811/30/2021 12/2/2021 125,000.00 912828Z29 US TREASURY NOTES 1.50% 1/15/2023 127,451.60 1,504.2112/1/2021 12/3/2021 1,150,000.00 912828Z29 US TREASURY NOTES 1.50% 1/15/2023 1,172,107.43 13,349.82 Total SELL 6,720,000.00 6,825,028.77 78,749.92
58 77
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Appendix
|
Important Disclosures
This material is based on information obtained from sources generally believed to be reliable and available to the public; however, PFM Asset Management LLC cannot guarantee its accuracy, completeness or suitability. This material is for general information purposes only and is not intended to provide specific advice or a specificrecommendation. All statements as to what will or may happen under certain circumstances are based on assumptions, some, but not all of which, are noted in thepresentation. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Past performance does not necessarily reflect and is not a guaranty of future results. The information contained in this presentation is not an offer to purchase or sell any securities.

Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimatedmarket value.

In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.

Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is showngross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.

Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets.Money market fund/cash balances are included in performance and duration computations.Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.MBS maturities are represented by expected average life. 59 78
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Appendix
|
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.Agencies: Federal agency securities and/or Government-sponsored enterprises.Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.

Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.

Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector addedor subtracted from the overall portfolio performance.Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compoundingon investment returns, while nominal yield does not.FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.Interest Rate: Interest per year divided by principal amount and expressed as a percentage.Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.Maturity: The date upon which the principal or stated value of an investment becomes due and payable.Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.Par Value: The nominal dollar face amount of a security.Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is themortgage-backed security. 60 79
Agenda Item # 2.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended December 31, 2021
Appendix
|
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments andmaturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whosedecisions are binding on its members.Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.U.S. Treasury: The department of the U.S. government that issues Treasury securities.Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.

YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time periodfrom purchase date to maturity, stated as a percentage on an annualized basis.YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the timeperiod remaining until maturity, stated as a percentage on an annualized basis. 61 80
Agenda Item # 2.

AGENDA REPORT SUMMARY

Reviewed By:

City Manager City Attorney
GE
Finance Director
JH JF
Meeting Date: March 8, 2022
Subject: Authorize the City Manager to execute the Subdivision Improvement Agreement and move to approve the Final Map for Tract Map #10552 4848 El Camino Real
Prepared by: Harun Musaefendic, Assistant Engineer
Reviewed by: Victor Chen, Engineering Services Manager
Jim Sandoval, Engineering Services Director
Approved by: Gabriel Engeland, City Manager
Attachment(s):

1. Tract Map #10552

2. Subdivision Improvement Agreement
Initiated by:

Timespace Group LLC
Previous Council Consideration:

November 27, 2018
Fiscal Impact:

None
Environmental Review:

The approval of a final map is exempt from review under the California Environmental Quality Act (“CEQA”) pursuant to CEQA guidelines section 15268(b)(3) in that CEQA does not apply to ministerial projects.

Policy Question(s) for Council Consideration:

None
Summary:
• Tentative map was approved on November 27, 2018
• Council to approve Tract Map #10552
Staff Recommendation:

Authorize the City Manager to execute the Subdivision Improvement Agreement and move to approve the Tract Map #10552 of 4848 El Camino Real
81 Agenda Item # 3.

Subject: Approve the Final Map for Tract Map #10552, 4848 El Camino Real Date: March 8, 2022 Page 2
Purpose
Authorize the City Manager to execute the Subdivision Improvement Agreement and move to approve Tract Map #10552
Background
On November 27, 2018, Council approved the multi-family design review application and the associated Tentative Map for the new development at 4846 and 4856 El Camino Real. Lots located at 4846 and 4856 El Camino Real (APN: Formerly 170-02-027 and 170-02-029) were merged into a single lot with new property address listed as 4848 El Camino Real (APN: 170-02-055) using lot line adjustment No. 20-LLA-002. The recommended action will finalize the tentative final map for the project.

A Tentative Map (AKA, Tentative Parcel Map or Tentative Tract Map) is a map showing the layout of a proposed Subdivision, including the general description of the associated infrastructure.

The approved Tentative Map also sets conditions such as access, frontage, grading improvements, stormwater protection, and so forth which must be met before the final Parcel Map or Tract Map can be filed. An approved Tentative Map does not divide the property, rather it sets the conditions under which the division can occur. To actually divide the property, one must file a Parcel Map or Tract Map.

The attached Tract Map is the instrument that actually divides the property. It must conform to and incorporate all of the Tentative Map conditions and must also comply with the standards for Parcel Maps or Tract Maps as set forth in the State Subdivision Map Act. It must also include plans describing the various improvements to the project site and to all other affected properties, including public roadways and public and private utilities.

Discussion/Analysis
Tract Map #10552 for the development at 4848 El Camino Real conforms to the Tentative Map approved on November 27, 2018. The map and survey have been checked and found satisfactory.

All conditions of approval have been complied with and appropriate controls to ensure compliance have been established. All required fees and deposits have been received. The Tract Map is available in the Engineering Services Department office for inspection.

Recommendation
The staff recommendsthat the City Council authorizesthe City Manager to execute the subdivision improvement agreement and move to approve Tract Map #10552, which will enable the developer to complete the building permit application.
82 Agenda Item # 3.

OWNERS' STATEMENT
WE HEREBY STATE THAT WE ARE THE OWNERS OF OR HA\'E SOME RIGHT, Tin.E OR INTEREST IN AND TO THE REAL PROPERTY INQ.UDED Yll1THIN THE SUBDIVISION SHOWN UPON THE MAP; THAT PROPERTY;
WE ARE THE ONLY PERSONS WHOSE CONSENT IS NECESSARY TO PASS A a.EAR Tin.E TO SAID

THAT WE HEREBY CONSENT TO THE PREPARATION AND FILING OF SAID MAP AND SUBDIVISION AS SHOWN Yll1THIN THE DISTINCTI\'E BORDER LINE.

OWNER:

OWNER: TS 4848 ECR LLC
BY: �LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ITS MANAGER BY:_�--"""""--'-----,------ YIHUA LI, MANAGER

OWNER'S ACKNOWLBDGEMENT
A NOT ARY PUBLIC OR OTHER OFFICER COMPLEllNG THIS CERTIFICATE \'ERIFIES ONLY THE

IDENTITY OF THE INDIVIDUAL WHO SIGNED THE DOCUMENT TO WHICH THIS CERTIFICATE IS ATTACHED, AND NOT THE lRUTHFULNESS. ACCURACY, OR VALIDITY OF THAT DOCUMENT.

STA TE OF CALIFORNIA
COUNTY OF So.n"CA- I
C,lo.ri>v S.S.

ON O\ / lo

PERSONA
2022, BEFORE ME, Ltf'�a. PCLO /�"21 �bl,'c.

LLY APPEARED J Xibao Li f- WHO PRO\'ED� ME ON THE BASIS OF SATISFACTORY EVIDENCE TO BE THE PERSON(s) WHOSEe(S) qy'ARE SUBSCRIBED TO THE Y111THI.Ji-!NS1RUMENT AND ACKNOYUDGED TO ME THAT HEIE�v EXECUTED THE SAME IN �/1 IER/R IOR AUTHORIZED CAPAQTY(I�). AND T BY � IER/lME:IR SIGNA nJRE(� ON THE INSlRUMENT THE PERSON(i), OR THE ENTITY UPON BEHALF OF WHICH THE PERSON(� ACTED, EXECUTED THE INSTRUMENT.

I CERTIFY UNDER PENALTY OF PERJURY UNDER THE LAWS OF THE STATE OF CALIFORNIA THAT THE FOREGOING PARAGRAPH IS lRUE AND CORRECT.

Yll11NESS MY HAN-0.J? :! n
SIGNA nJRE: �� Laff"
PRINTED NAME: l1ocPA Peto
COUNTY OF PRINQPAL PLACE OF BUSINESS: Sa.n+t'I... Ut\'a7v COMMISSION N0.:_2_3_\'1_5"_q_g ______ _
COMMISSION EXPIRATION DATE: 0'2-( 0 \ /1,-0'L4

OMITTED SIGNATURES
A. PURSUANT TO SECTION 88436 OF THE SUBDIVISION MAP ACT, THE SIGNAnJRES OF THE FOLLOYll1NG HOLDERS OF EASEMENTS AND /OR OTHER INTERESTS, WHICH CANNOT RIPEN INTO FEE, HA\'E BEEN OMITTED.

1. A PGalE EASEMENT FOR COMMUNICATION PER RECORDED MARCH 22, 2018 AS 238931n OFFIQAL RECORDS.

TRUSTEE'S STATEMENT
CHICAGO Tin.E COMPANY, lRUSTEE UNDER DEED OF lRUSTS RECORDED DECEMBER 10, 2021 AS DOCUMENT NO. 25191078 OFFIQAL RECORDS OF SANTA a.ARA COUNTY, ENCUMBERING THE LAND HEREIN SHOWN, HEREBY CONSENTS ON BEHALF OF THE BENEFlQARY TO THE MAKING AND FILING OF THIS MAP.

BY: CHICAGO Tin.E COMPANY
SIGNAnJRE: < ...f > �
PRINTED NAME: £0 .S. > >-;-- E ��Eb.)-
Tin.E: , I , C-E -? fl.-e...S.' !> e.. -.1'
TRACT MAP NO. 10552

FOR CONDOMINIUM PURPOSES
BEING A SUBDIVISION OF PARCEL 1 OF THAT CERTAIN GRANT DEED RECORDED DECEMBER 10, 2021 AS DOCUMENT NUMBER 251910n,
OFFIQAL RECORDS OF SANTA a.ARA COUNTY.

CITY OF LOS ALTOS SANTA CLARA COUNTY CALIFORNIA
'�•:�,',�:.�s�!
DECEMBER 2021
2495 INDUSTRIAL PARKWAY WEST HAYWARD, CALIFORNIA 94545
(510) 887-4086 FAX (510) 887-3019
WWW.LEABRAZE.COM

TRUSTEE'S ACKNOWLEDGMENT
A NOTARY PUBLIC OR OTHER OFFICER COMPLETING THIS CERTIFICATE \'ERIFIES ONLY THE

IDENTITY OF THE INDIVIDUAL WHO SIGNED THE DOCUMENT TO WHICH THIS CERTIFICATE IS ATTACHED, AND NOT THE lRUTHFULNESS. ACCURACY, OR VALIDITY OF THAT DOCUMENT.

STA TE OF CALIFORNIA
COUNTY OF � I
S.S.

ON / - la - �o d � � PERSONALLY
BEFORE ME, :r. w I to-be,,r
APPEARED '80� Kt, n n WHO PRO\'ED TO ME ON THE BASIS
OF SATISFACTORY EVIDENCE TO BE THE {S) WHOSE NAME(S) IS/ARE SUBSCRIBED TO THE WITHIN INSlRUMENT AND ACKNOYUDGED TO ME THAT HE/SHE/THEY EXECUTED THE

SAME IN HIS/HER/THEIR AUTHORIZED CAPAQTY(IES), AND THAT BY HIS/HER/THEIR SIGNA nJRE{S) ON THE INSlRUMENT THE PERSON(S), OR THE ENTITY UPON BEHALF OF WHICH THE PERSON(S) ACTED, EXECUTED THE INSlRUMENT.

I CERTIFY UNDER PENALTY OF PERJURY UNDER THE LAWS OF THE STATE OF CALIFORNIA THAT THE FOREGOING PARAGRAPH IS TRUE AND CORRECT.

Yll1TNESS MY HAND.

SIGNAnJRE: q: I �
PRINTED NAME: �- W j t\ k_ f'
COUNTY OF PRINQPAL PLACE OF BUSINESS: ()J_p... YY\�
COMMISSION NO.: a,.� U' ol 00 O
COMMISSION EXPIRATION DA TE: / / -le, - � 0 d dSURVEYOR'S STATEMENT

THIS MAP WAS PREPARED BY ME OR UNDER MY DIRECTION AND IS BASED UPON A FIELD SUR\'EY IN CONFORMANCE Yll1TH THE REQUIREMENTS OF THE SUBDIVISION MAP ACT AND LOCAL ORDINANCE AT THE REQUEST OF TS 4848 ECR LLC IN NO\'EMBER 2021. I HEREBY STATE THAT THIS FINAL MAP SUBSTANTIALLY CONFORMS TO THE APPRO\'ED OR CONDITIONALLY APPRO\'ED TENTATI\'E MAP, IN ANY; THAT THE SUR\'EY IS lRUE AND COMPLETE AS SHOWN; THAT ALL THE MONUMENTS

ARE OF THE CHARACTER AND OCCUPY THE POSITIONS INDICATED, OR THAT THEY WILL BE SET IN THOSE POSITIONS ON OR BEFORE DECEMBER 2024; THAT THE MONUMENTS ARE. OR Yll1LL BE. SUFRQENT TO ENABLE THE SUR\'EY TO BE RETRACED.

No. 7623

CITY CLERK'S STATEMENT
I HEREBY STATE THAT THIS MAP, DESIGNATED AS TRACT NO. 10552, CONSISTING OF TWO (2) SHEETS WAS APPRO\'ED BY THE QTY COUNaL OF LOS AL T0S. STA TE OF CALIFORNIA. BY RESOLUTION NO. ____ AT A DULY AUTHORIZED MEETING OF SAID QTY COUNaL HELD ON THE __ DAY OF _____ 2022.

I FURTHER CERTIFY, IN ACCORDANCE Yll1TH GO\'ERNMENT CODE SECTIONS 88434(g) AND 88499.20.2 OF THE SUBDIVISION MAP ACT, THE ABANDONMENT LISTED ON SHEET 2 OF THIS MAP.

BY: _________ _ JON MAGINOT, QTY a.ERK DEPUTY
QTY OF LOS AL T0S. CALIFORNIA
DATE: _______ _

CITY LAND SURVEYOR'S STATEMENT
I HEREBY STATE THAT I HA\'E EXAMINED THE HEREON SUBDIVISION ::� �;,;;:•��CHM �,•2
_,,
SCOTT A. SHORTUDGE. LS 8441
QTY OF LOS AL T0S. CALIFORNIA

CITY ENGINEER'S STATEMENT
NO. LB«l
I HEREBY STA TE THAT I HA '1E EXAMINED THE HEREON FINAL MAP OF TRACT 10552;

THAT THE SUBDIVISION AS SHOWN HEREON IS SUBSTANTIALLY THE SAME AS IT APPEARED ON THE TENTATI\'E MAP AND ANY APPRO\'ED ALTERATIONS THEREOF; THAT

ALL PROVISIONS OF THE SUBDIVISION MAP ACT, AS AMENDED, AND OF ANY LOCAL ORDINANCE APPLICABLE AT THE TIME OF APPROVAL OF THE TENTATI\'E MAP HA\'E BEEN COMPLIED Yll1TH.

DATED:

JAMES E. SANDOVAL RCE 55180
QTY OF LOS ALTOS. CALIFORNIA

RECORDER'S STATEMENT
NO. C55UIO
FILE NO. =-----,�� FEE$ ___ PAID. ACCEPTED FOR RECORD AND FILED THIS __ DAY OF _____ 2022 AT _M., IN BOOK __
OF MAPS, AT PAGE(S) __ SANTA a.ARA COUNTY RECORDS AT THE REQUEST OF LEA & BRAZE ENGINEERING.

REGINA ALCOMENORAS.

COUNTY RECORDER
SANTA a.ARA COUNTY,

CALIFORNIA
BY: _______ _
DEPUTY
21804330/2180409SU
ATTACHMENT 1
83 Agenda Item # 3.

TRACT MAP NO. 10552

FOR CONDOMINIUM PURPOSES
BEING A SUBOl\1S10N OF PARCEL 1 OF THAT CERTAIN GRANT DEED RECORDED DECEMBER 10, 2021 AS DOCUMENT NUMBER 251910n,
OFF'ICIAL RECORDS OF SANTA CLARA COUNTY.

BASIS OF BEARINGS
THE BEARING NORTH 29'31 'Je• M:ST, BETWEEN TWO FOUND
MONUMENTS ON THE CENTERLINE OF JORDAN AVENUE AS SHOYlt,I ON THAT RECORD OF SUR\'EY FILED FOR RECORD ON JANUARY 29, 2015 IN BOOK 880 OF MAPS AT PAGE 48, SANTA CLARA COUNTY RECORDS. WAS TAl<EN AS THE BASIS OF BEARINGS FOR THIS MAP.

CITY OF LOS ALTOS SANTA CLARA COUNTY CALIFORNIA NOTES
'�1
!,'E�!S�Y�
DECEMBER 2021 1. ALL DISTANCES ARE IN F£ET AND DECIMALS THEREOF.

FD. 5/8" REBAR WITH PA PLASTIC PLUG L.S. 5571\61'
(N59"51 '32"W 0.15')
SET 3/4" REBAR WITH PLASTIC
PLUG AT TRUE CORNER/ __
.____
ll.ffe.lNJ[Q)� ©fF ��
�ffe.lNJ[Q)!�� !INI�.

SET 3/'.4" REBAR WITH PLASTIC
PLUG ON 5.00' OFFSET
N29'31' "E 118.17' 118.07' - - �=.Q;;'----�
FD. 60-D ,ltAIL WITH TAG
LS. 5571@
(N25"20' 44"E 3.17')
2495 INDUSTRIAL PARKWAY WEST HAYWARD, CALIFORNIA 94545
(510) 887-4086 FAX (510) 887-3019
WWW.LEABRAZE.COM
5' EASEMENT FOR

STORM DRAINAGE &
SANITARY SEM:R LINES
(3905 O.R. 340)
(N29'31 '00"E)@
(N29'31' 41 "E)®
N29'31'36"E 139.62' /(NAIL
S.F.N.
& TAG L.S. 5571)\61'v7f\
-.

R=4260.00�
--t-,-� L=37.88' I 0=0'30'34"
N61'07'18"W 12.13'-_ __,,_,.

I \
R=4250.00' I
L=37.77'
0-0·30•�3•
(L=37.76)@
.,--:N61 '07'18"W 12.24'
I (N61'07'00"W)@
·,
(12.23')®
----i i--5• EASEMENT FOR

STORM DRAINAGE &
... FD. MAG NAIL ,4' ALUMINUM 8 TAG L.S. 5571@
LOT 1
31,566 SQ.FT.±

0. 724 ACRES±
I

ANITARY SEWER LINES
... {3905 O.R. 343)
I g
:g1 (N3014'27"E 0.19')
ft •
N
co
S"
0 CD
z
\ SET 3/4" REBAR WITH PLASTIC PLUG
ON 5.00' OFFSET
��-------------��--� \. - N29"31'36"E 259.26' 1 '-s.F.N. � (N29'31'27"E 260.02' (1/2" REBAR� FD. NAIL AND BRASS TAG
L.S. 7139
(3/4" I.P. LS. 7139�
(N64 '51' 40"E 0.17')

SET NAIL & BRASS TAG
LS. 7623 AT TRUE CORNER
(1/2" I.P.)�(1" 1.P.)@
(3/4" I.P.)®
\
. B
.
-
OLT DOWN 0.6'
(439.39'�
(439.36'\A\
N29"31'36"E 439.44''\61'
(FD. 1/2" I.P.)� (715.21'1 \
FD BOLT DOWN 0.8 (715_23,
(715.20'
(N29'49'00"E 714.82')
. _
____ ---
N29'31'36"E 715.16'
:s E-4
(BASIS OF BEARINGS) �
0� E-4 :;:>
�o
OU
p..
§ >4 JORDAN AVE. (50')
�: =s
,:g I If
I �
I i 8' X 16' PG&E

EASEMENT
.---,- 23893177
!
.--«0 R/WLINE
0 i

2. THE TOTAL GROSS AREA OF THIS SUR\'EY IS 31,566:i: SQUARE F[[T.

3. THE DISTINCTl\'E BORDER LINE DENOTES THE BOUNDARY OF THE SUBDl\1SION.
15 30 60
I I 1
SCALE: 1" = 30'

REFERENCES
(D RE\'ERSION TO ACREAGE MAP
BOOK 574 MAPS 13
@ RECORD OF SUR\'EY
BOOK 880 OF MAPS, PAGE 48
@ TRACT NO. 10412
BOOK 908 OF MAPS. PAGES 6-7
@ DEED DOC. NO. 23394831
@ RECORD OF SUR\'EY
BOOK 167 OF MAP$, PAGE 5
@ RECORD OF SUR\'EY
BOOK 35 OF MAPS. PAGE 19
LEGEND
e FOUND MONUMENT AS NOTED
0 SET 3/4• IRON PIPE WITH PLASTIC
PLUG •Ls. 7623•
( ) RECORD DATA PEk REFERENCE, IF
DIFFEREN1' FROM MEASURED DATA
• SET NAIL AND TAG "LS 7623•
--- DISTINCll\'E BORDER LINE
--------PROPERTY LINE
---- CENTERLINE
ABANDONMENT NOTE:

PURSUANT TO GO\'ERNMENT CODE SECTIONS ee434(g) AND ef5499.20.2 OF THE

SUBDIVISION MAP ACT, THE TEMPORARY CONSTRUCTION EASEMENT GRANTED TO THE CITY OF LOS ALTOS PER GRANT DEED RECORDED MARCH 18, 1968 IN BOOK 8058.

PAGE 323, OFF'ICIAL RECORDS OF SANTA CLARA COUNTY WILL BE ABANDONED BY THE FIUNG OF THIS MAP AND IS THEREFORE NOT SHOYlt,I HEREON. 21804J30/211S0409SU
Sllll :2 OF 2
ATTACHMENT 1
84 Agenda Item # 3.

ATTACHMENT 2
1 4874-9677-3898v1
NON-BC\27916001
RECORDING REQUESTED BY:

City of Los Altos
WHEN RECORDED, MAIL TO:

City of Los Altos
City Clerk
1 North San Antonio Road, Los Altos, CA 94022

RECORD WITHOUT FEE UNDER
§§27383 & 27388.1 GOVERNMENT CODE
(SPACE ABOVE THIS LINE FOR RECORDER’S USE)
Improvement Agreement
Tract 10552
APN:170-02-055
TS 4846 ECR LLC
85 Agenda Item # 3.
2 IMPROVEMENT AGREEMENT
This Improvement Agreement (this “Agreement”) is made and entered into by and between the CITY OF Los Altos, a municipal corporation (hereinafter "City"), and TS 4846 ECR LLC, (hereinafter "Developer”).

City and Developer may be collectively referred to herein as the “parties.”

RECITALS
A. In accordance with the Subdivision Map Act (California Government Code Sections 66410, et seq.), and the Subdivision Ordinance (Los Altos Municipal Code, Title 13), and the Street Ordinance (Los Altos Municipal Code, Title 9), the Developer has submitted to the City a Final Map (hereinafter “Final Map”) for the project known as Altos One (hereinafter “Project”).

B. The Project is geographically located within the boundaries of the Tentative Subdivision Map known as Altos One 4846 & 4856 El Camino Real (hereinafter “Tentative Map”). Lots located at 4846 and 4856 El Camino Real (APN: Formerly 170-02-027 and 170-02-029) were merged into a single lot with new property address listed as 4848 El Camino Real (APN: 170-02-055) using lot line adjustment No. 20-LLA-002. The Tentative Map is on file with the City Engineer, and is incorporated herein by reference. The area within the boundaries of the Tentative Map is described in Exhibit A hereto (the “Property”).

C. The City’s approval of the Tentative Map was subject to specified conditions of approval (hereinafter “Conditions”). The Conditions are attached hereto as Exhibit B and incorporated herein by reference.

D. As required by the Conditions, the Tentative and Final Maps, and other Project entitlements, Developer shall construct public improvements in connection with the Project along El Camino Real, including but not limited to the following: installation of approximately 1,050 square feet of concrete sidewalk, installation of approximately 150 lineal feet of concrete vertical curb and gutter, installation of approximately 150 square feet of AC deep lift, installation of one new driveway approach, installation of two accessible ramps, maintaining the existing light fixture and, or installation of new light fixtures in the sidewalk, installation of striping and curb marking, repair of any damaged right-of-way infrastructures, removal and replacement of storm drain inlet, resurfacing (grind and overlay) half of the street along El Camino Real if determined to be damaged and installation of all appurtenances associated with above listed improvements (collectively, the “Work”).

NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND CONDITIONS IDENTIFIED HEREIN, THE PARTIES HEREBY AGREE AS FOLLOWS:

1. SCOPE OF WORK. The Developer shall perform, or cause to be performed, the Work to the Satisfaction of the City Engineer and in accordance with plans and specifications to be approved by the City Engineer (the “Plans and Specifications”). The Work shall be performed, and all materials and labor shall be provided, at the Developer’s sole cost and expense. No change shall be made to the Scope of Work unless authorized in writing by the City Engineer.

2. PERMITS, LICENSES, AND COMPLIANCE WITH LAW. The Developer shall, at the Developer’s expense, obtain and maintain all necessary permits and licenses for the performance of the Work. The Developer shall comply with all local, state, and federal laws, whether or not said laws are expressly stated in this Agreement. WITHOUT LIMITING THE GENERALITY OF THE

FOREGOING, DEVELOPER HEREBY AGREES TO BE BOUND BY THE LABOR CODE PROVISIONS ATTACHED HERETO AT EXHIBIT C.
86 Agenda Item # 3.

ATTACHMENT 2
3 4874-9677-3898v1
NON-BC\27916001

3. DEVELOPER’S AUTHORIZED REPRESENTATIVE. At all times during the progress of the Work, Developer shall have a competent foreperson or superintendent (hereinafter “Authorized Representative”) on site with authority to act on behalf of the Developer. The Developer shall, at all times, keep the City Engineer informed in writing of the name and telephone number of the Authorized Representative. The Developer shall, at all times, keep the City Engineer informed in writing of the names and telephone numbers of all contractors and subcontractors performing the Work.

4. IMPROVEMENT SECURITY. The Developer shall furnish faithful performance and labor and material security concurrently with the execution of this Agreement by the Developer, and prior to the commencement of any Work. The Developer shall furnish warranty security prior to the City's acceptance of the Work. The form of the security shall be as authorized by the Subdivision Map Act (including Government Code Sections 66499, et seq.) and Section 13.20.210 the Los Altos Municipal Code, and as set forth below:
4(a). Faithful Performance security in the amount of $91,162 (which amount is equal to the estimated cost to construct the Work in accordance with the Plans and Specifications) to secure faithful performance of this Agreement (until the date on which the City Council accepts the Work as complete) pursuant to Government Code Sections 66499.1, 66499.4, and 66499.9.
4(b). Labor and Material security in the amount of $45,081.25 (which amount is equal to fifty (50) percent of the estimated cost to construct the Work in accordance with the Plans and Specifications) to secure payment by the Developer to laborers and materialmen pursuant to Government Code Sections 66499.2, 66499.3, and 66499.4. 4(c). Warranty security in the amount of $9,016.25 (which amount is equal to ten (10) percent of the estimated cost to construct the Work in accordance with the Plans and Specifications) to secure faithful performance of this Agreement (from the date on which the City accepts the Work as complete until one year thereafter) pursuant to Government Code Sections 66499.1, 66499.4, and 66499.9.

5. BUSINESS TAX. The Developer shall apply for and pay the business license tax for a business license, in accordance with Los Altos Municipal Code Chapter 4.04.

6. INSURANCE. Developer shall, throughout the duration of this Agreement, maintain insurance to cover Developer (including its agents, representatives, contractors, subcontractors, and employees) in connection with the performance of services under this Agreement. Exhibit D of this Agreement identifies the minimum insurance levels with which Developer shall comply; however, the minimum insurance levels shall not relieve Developer of any other performance responsibilities under this Agreement (including the indemnity requirements), and Developer may carry, at its own expense, any additional insurance it deems necessary or prudent. The general liability and automobile policies required under Exhibit D shall contain, or be endorsed to contain, provision for the City, its officers, officials, employees, agents and volunteers, to be covered as additional insureds as respects alleged liability arising out of activities performed by or on behalf of the Developer under this Agreement.

Concurrently with the execution of this Agreement by the Developer, and prior to the commencement of any services, the Developer shall furnish written proof of insurance (certificates and endorsements), in a form acceptable to the City. Developer shall provide substitute written proof of insurance no later than 30 days prior to the expiration date of any insurance policy required by this Agreement.

7. REPORTING DAMAGES. If any damage (including death, personal injury or property damage) occurs in connection with the performance of this Agreement, Developer shall immediately notify the City Risk Manager’s office by telephone at 650-947-2609, and Developer shall promptly submit to the 87 Agenda Item # 3.

ATTACHMENT 2
4 4874-9677-3898v1
NON-BC\27916001
City’s Risk Manager and the City Manager or designee, a written report (in a form acceptable to the City) with the following information: (a) a detailed description of the damage (including the name and address of the injured or deceased person(s), and a description of the damaged property), (b) name and address of witnesses, and (c) name and address of any potential insurance companies.

8. INDEMNIFICATION. Developer shall indemnify, hold harmless, and defend (with counsel reasonably acceptable to the City) the City and its elected officials, officers, agents and employees from and against any and all claims (including all litigation, demands, damages, liabilities, costs, and expenses, and including court costs and attorneys’ fees) resulting or arising from performance, or failure to perform, under this Agreement (with the exception of the gross negligence or willful misconduct of the City).

9. TIME OF PERFORMANCE. Time is of the essence in the performance of the Work, and the timing requirements set forth herein shall be strictly adhered to unless otherwise modified in writing in accordance with this Agreement. The Developer shall submit all requests for extensions of time to the City, in writing, no later than ten (10) days after the start of the condition which purportedly caused the delay, and not later than the date on which performance is due. 9(a). Commencement of Work. No later than fifteen (15) days prior to the commencement of Work, the Developer shall provide written notice to the City Engineer of the date on which the Developer shall commence Work. The Developer shall not commence Work until after the notice required by this section is properly provided, and the Developer shall not commence Work prior to the date specified in the written notice.
9(b). Schedule of Work. Concurrently with the written notice of commencement of Work, the Developer shall provide the City with a written schedule of Work, which shall be updated in writing as necessary to accurately reflect the Developer’s prosecution of the Work. 9(c). Completion of Work. The Developer shall complete all Work by no later than three hundred sixty-five (365) days after the City’s execution of this Agreement.

10. INSPECTION BY THE CITY. In order to permit the City to inspect the Work, the Developer shall, at all times, provide to the City proper and safe access to the Project site, and all portions of the Work, and to all shops wherein portions of the Work are in preparation. Developer shall reimburse the City for the costs of the City Engineer’s inspections of the Work, as required by Los Altos Municipal Code Section 13.20.190.

11. DEFAULT. If either party (“demanding party”) has a good faith belief that the other party (“defaulting party”) is not complying with the terms of this Agreement, the demanding party shall give written notice of the default (with reasonable specificity) to the defaulting party, and demand the default to be cured within ten days of the notice. If: (a) the defaulting party fails to cure the default within ten (10) days of the notice, or, (b) if more than ten (10) days are reasonably required to cure the default and the defaulting party fails to give adequate written assurance of due performance within ten (10) days of the notice, then (c) the demanding party may terminate this Agreement upon written notice to the defaulting party.
11(a). The Developer shall be in default of this Agreement if the City Engineer determines that any one of the following conditions exist:
11(a)(1). The Developer is insolvent, bankrupt, or makes a general assignment for the benefit of its creditors.
11(a)(2). The Developer abandons the Project site.
88 Agenda Item # 3.

ATTACHMENT 2
5 4874-9677-3898v1
NON-BC\27916001
11(a)(3). The Developer fails to perform one or more requirements of this Agreement. 11(a)(4). The Developer fails to replace or repair any damage caused by Developer or its agents, representatives, contractors, subcontractors, or employees in connection with performance of the Work.
11(a)(5). The Developer violates any legal requirement related to the Work. 11(b). Without prejudice to any other remedy available to the City at law, in equity, or under this Agreement, in the event that the Developer fails to cure the default, the City may, in the discretion of the City Engineer, take any or all of the following actions:
11(b)(1). Cure the default and charge the Developer for the costs therefor, including administrative costs and interest in an amount equal to seven percent (7%) per annum from the date of default.
11(b)(2). Demand the Developer to complete performance of the Work. 11(b)(3). Demand the Developer’s surety (if any) to complete performance of the Work.

12. ACCEPTANCE OF WORK. Prior to acceptance of the Work by the City Engineer, the Developer shall be solely responsible for maintaining the quality of the Work, and maintaining safety at the Project site. Neither the final certificate of payment, nor any provision in this Agreement, nor partial or entire use or occupancy of the improvements by the City shall constitute an acceptance of the Work not done in accordance with this Agreement or relieve Developer of liability pursuant to Section 13, below. The Developer’s obligation to perform the Work shall not be satisfied until after the City Engineer has made a written determination that all obligations of the Agreement have been satisfied and all outstanding fees and charges have been paid, the City Engineer has accepted the Work as complete, and the City Council has authorized the release of the security for faithful performance as described in Government Code Section 66499.7.

13. WARRANTY PERIOD. The Developer shall warrant the quality of the Work, in accordance with the terms of the Plans and Specifications, for a period of one year after acceptance of the Work by the City. In the event that (during the one year warranty period) any portion of the Work is determined by the City Engineer to be defective as a result of an obligation of the Developer under this Agreement, the Developer shall be in default.

14. RELATIONSHIP BETWEEN THE PARTIES. Developer is, and at all times shall remain, an independent contractor solely responsible for all acts of its employees, agents, contractors, or subcontractors, including any negligent acts or omissions. Developer is not City’s agent, and shall have no authority to act on behalf of the City, or to bind the City to any obligation whatsoever, unless the City provides prior written authorization to Developer.

15. CONFLICTS OF INTEREST PROHIBITED. Developer (including its employees, agents, contractors, and subcontractors) shall not maintain or acquire any direct or indirect interest that conflicts with the performance of this Agreement. If Developer maintains or acquires a conflicting interest, any contract with the City (including this Agreement) involving Developer’s conflicting interest may be terminated by the City.

16. NONDISCRIMINATION. Developer shall comply with all applicable federal, state, and local laws regarding nondiscriminatory employment practices, whether or not said laws are expressly stated in this Agreement. Developer shall not discriminate against any employee or applicant because of race, color, ancestry, ethnicity, religious creed, national origin, physical disability, mental disability, medical condition, marital or family status, sexual orientation, gender or gender identification, age (over 40), veteran status, or sex.
89 Agenda Item # 3.

ATTACHMENT 2
6 4874-9677-3898v1
NON-BC\27916001

17. NOTICES. All notices required or contemplated by this Agreement shall be in writing and shall be delivered to the respective party as set forth in this section. Communications shall be deemed to be effective upon the first to occur of: (a) actual receipt (or refusal) by a party, or (b) actual receipt (or refusal) at the address designated below, or (c) three (3) working days following deposit in the United States Mail of registered or certified mail sent to the address designated below. Either party may modify their respective contact information identified in this section by providing notice to the other party.

TO: City To: Developer
Attn: Andrea Chelemengos Attn: TS 4846 ECR LLC/Yihua Li 1 N. San Antonio Road 12230 Saratoga Sunnyvale Road
Los Altos, Ca 94022 Saratoga, CA 95070

18. HEADINGS. The heading titles for each paragraph of this Agreement are included only as a guide to the contents and are not to be considered as controlling, enlarging, or restricting the interpretation of the Agreement.

19. SEVERABILITY. If any term of this Agreement (including any phrase, provision, covenant, or condition) is held by a court of competent jurisdiction to be invalid or unenforceable, the Agreement shall be construed as not containing that term, and the remainder of this Agreement shall remain in full force and effect; provided, however, this paragraph shall not be applied to the extent that it would result in a frustration of the parties’ intent under this Agreement.

20. GOVERNING LAW, JURISDICTION, AND VENUE. The interpretation, validity, and enforcement of this Agreement shall be governed by and interpreted in accordance with the laws of the State of California. Any suit, claim, or legal proceeding of any kind related to this Agreement shall be filed and heard in a court of competent jurisdiction in the County of Santa Clara.

21. ATTORNEYS’ FEES. In the event any legal action is commenced to enforce this Agreement, the prevailing party is entitled to reasonable attorney’s fees, costs, and expenses incurred.

22. ASSIGNMENT AND DELEGATION. This Agreement, and any portion thereof, shall not be assigned or transferred, nor shall any of the Developer’s duties be delegated, without the written consent of the City. Any attempt to assign or delegate this Agreement without the written consent of the City shall be void and of no force or effect. A consent by the City to one assignment shall not be deemed to be a consent to any subsequent assignment.

23. MODIFICATIONS. This Agreement may not be modified orally or in any manner other than by an agreement in writing signed by both parties.

24. WAIVERS. Waiver of a breach or default under this Agreement shall not constitute a continuing waiver or a waiver of a subsequent breach of the same or any other provision of this Agreement.

25. CONFLICTS. If any conflicts arise between the terms and conditions of this Agreement and the terms and conditions of the attached exhibits or any documents expressly incorporated, the terms and conditions of this Agreement shall control.

26. ENTIRE AGREEMENT. This Agreement, including all documents incorporated herein by reference, comprises the entire integrated understanding between the parties concerning the Work described herein. This Agreement supersedes all prior negotiations, agreements, and understandings 90 Agenda Item # 3.

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regarding this matter, whether written or oral. The documents incorporated by reference into this Agreement are complementary; what is called for in one is binding as if called for in all.

27. COVENANT RUNNING WITH THE LAND. This Agreement is entered into as a condition of the Tentative Map, is an instrument affecting the title or possession of the real property, and is intended to run with the land. All the terms, covenants and conditions herein imposed shall be binding upon and inure to the benefit of City, Developer, the successors in interest of Developer, their respective successors and permitted assigns, and all subsequent owners of a fee interest in the Property or of a beneficial interest substantially equivalent to a fee interest. The obligations of the Developer under this Agreement shall be the joint and several obligations of each and all of the parties comprising Developer, if Developer consists of more than one individual and/or entity. Upon the sale or division of the Property, the terms of this Agreement shall apply separately to each parcel and the fee owners of each parcel shall succeed to the obligations imposed on Developer by this Agreement.

28. MISCELLANEOUS. This Agreement may be executed in counterparts, each of which shall be deemed an original. There are no third-party intended beneficiaries of this Agreement. This Agreement represents the contributions of both parties, each of whom has had the opportunity to be represented by competent counsel, and the rule stated in Civil Code Section 1654 that ambiguities in a contract be construed against the drafter shall have no application hereto.

29. SIGNATURES. The individuals executing this Agreement represent and warrant that they have the right, power, legal capacity, and authority to enter into and to execute this Agreement on behalf of the respective legal entities of the Developer and the City. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.

IN WITNESS WHEREOF, the City and Developer do hereby agree to the full performance of the terms set forth herein.

CITY OF LOS ALTOS DEVELOPER
TS 4846 ECR LLC
_______________________ __________________________
By: Gabe Engeland By: Yihua Li
Title: City Manager Title: Managing Member
Date: ____________________ Date: ____________________
APPROVED AS TO FORM:
______________________
By: Jolie Houston
Title: City Attorney
************************************************************************************* *******************
91 Agenda Item # 3.
8 EXHIBIT A

LEGAL DESCRIPTION OF PROPERTY
92 Agenda Item # 3.
9 EXHIBIT B

CONDITIONS OF APPROVAL
93 Agenda Item # 3.

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Agenda Item # 3.

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Agenda Item # 3.

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Agenda Item # 3.

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Agenda Item # 3.

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Agenda Item # 3.
15 EXHIBIT C

LABOR CODE PROVISONS

1. This Agreement is subject to all applicable requirements of Chapter 1 of Part 7 of Division 2 of the Labor Code, including requirements pertaining to wages, working hours and workers’ compensation insurance.

2. The Work is subject to the prevailing wage requirements applicable to the locality in which the Work is to be performed for each craft, classification or type of worker needed to perform the Work, including employer payments for health and welfare, pension, vacation, apprenticeship and similar purposes. Copies of these prevailing rates are available online at http://www.dir.ca.gov/DLSR.

3. Developer shall not enter into a contract with a contractor for the performance of the Work unless the contractor and its subcontractors are registered with the California Department of Industrial Relations to perform public work under Labor Code Section 1725.5, subject to limited legal exceptions.
99 Agenda Item # 3.
16 EXHIBIT D

INSURANCE REQUIREMENTS
Developer’s performance of Work under this agreement shall not commence until Developer shall have obtained all insurance required under this Exhibit and such insurance shall have been reviewed and approved by the Risk Manager. All requirements herein provided shall appear either in the body of the insurance policies or as endorsements and shall specifically bind the insurance carrier.

Developer shall procure and maintain for the duration of the contract all necessary insurance against claims now and in the future for alleged injuries to persons or damages to property which may arise from or in connection with the performance of the Work by the Developer, the Contractor it’s agents, representatives, employees and contractors.

INSURANCE COVERAGE AND LIMITS RESTRICTIONS

1. It shall be a requirement under this agreement that any available insurance proceeds broader than or in excess of the specified minimum insurance coverage requirements and/or limits shall be available to the additional insured. Furthermore, the requirements for coverage and limits shall be (1) the minimum coverage and limits specified in this agreement; or (2) the broader coverage and maximum limits of coverage of any insurance policy or proceeds available to the named insured; whichever is greater.

2. The limits of insurance required in this agreement may be satisfied by a combination of primary and umbrella or excess insurance. Any umbrella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and non-contributory basis for the benefit of the City before the City’s own insurance or self-insurance shall be called upon to protect it as a named insured.

A. MINIMUM SCOPE OF INSURANCE
Coverage shall be at least as broad as:

1. Insurance Services Office Commercial General Liability coverage:
a. Blanket contractual liability
b. Broad form property coverage
c. Personal injury

2. Insurance Services Office form covering Automobile Liability, code 1 (any auto).

3. Workers’ Compensation insurance as required by the State of California and Employer’s Liability insurance.

4. Such other insurance coverages and limits as may be required by the City.

B. MINIMUM LIMITS OF INSURANCE
Developer shall maintain limits no less than:

1. General Liability: $1,000,000 per occurrence for bodily injury, personal injury and property damage and a $2,000,000 aggregate. If Commercial General Liability insurance or other form with a general aggregate liability is used, either the general aggregate limit shall apply separately to this agreement or the general aggregate limit shall be twice the required occurrence limit.

2. Automobile Liability: $1,000,000 per accident for bodily injury and property damage.

3. Employer’s Liability:

Bodily Injury by Accident - $1,000,000 each accident.

Bodily Injury by Disease - $1,000,000 policy limit.

Bodily Injury by Disease - $1,000,000 each employee.
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4. Such other insurance coverages and limits as may be required by the City of.

C. DEDUCTIBLES AND SELF-INSURED RETENTIONS

1. Any deductibles or self-insured retentions must be declared to and approved by the City of.

At the option of the City, either: the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects the City of **CITY**, its officers, officials, employees, and volunteers; or the Developer shall procure a bond guaranteeing payment of losses and related investigations, claims administration and defense expenses.

2. Policies containing any self-insured retention (SIR) provision shall provide or be endorsed to provide that the SIR may be satisfied by either the named insured or the City.

3. The City reserves the right to obtain a full certified copy of any insurance policy and endorsement. Failure to exercise this right shall not constitute a waiver of right to exercise later.

D. ADDITIONAL INSURED REQUIREMENTS:

The required general liability and automobile policies are to contain, or be endorsed to contain the following provisions:
a. The City, its officers, officials, employees, agents and volunteers are to be covered as additional insureds as respects alleged: liability arising out of activities performed by or on behalf of the Developer; products and completed operations of the Developer; premises owned, occupied or used by the Developer; or automobiles owned, leased, hired or borrowed by the Developer. The coverage shall contain no special limitations on the scope of protection afforded to the City, its officers, officials, employees, agents or volunteers.
b. Any failure to comply with reporting or other provisions of the policies including breaches of warranties shall not affect coverage provided to the City, its officers, officials, employees, agents or volunteers.
c. The Developer’s insurance shall apply separately to each insured against whom claim is made or suit is brought except, with respect to the limits of the insurer’s liability. d. Developer shall furnish properly executed Certificates of Insurance from insurance companies acceptable to the City and signed copies of the specified endorsements for each policy prior to commencement of work under this agreement. Such documentation shall clearly evidence all coverages required above including specific evidence of separate endorsements naming the City and shall provide that such insurance shall not be materially changed, terminated or allowed to expire except after 30 days prior written notice by certified mail, return receipt requested, has been filed with the City Clerk.

Such insurance shall be maintained from the time work first commences until completion of the work under this agreement. Developer shall replace such certificates for policies expiring prior to completion of work under this agreement.

E. ACCEPTABILITY OF INSURERS
Insurance is to be placed with insurers with a current A.M. Best’s rating of no less than A: VII.

F. COMPLETED OPERATIONS
Developer shall maintain insurance as required by this contract to the fullest amount allowed by law and shall maintain insurance for a minimum of five years following the completion of this project. In the event the Developer fails to obtain or maintain completed operations coverage as required by this agreement, the City at its sole discretion may purchase the coverage required and the cost will be paid by the Developer.
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Agenda Item # 3.

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G. CROSS-LIABILITY
The Liability policy shall include a cross-liability or severability of interest endorsement.

H. FAILURE TO MAINTAIN INSURANCE COVERAGE
If Developer, for any reason, fails to maintain insurance coverage, which is required pursuant to this Agreement, the same shall be deemed a material breach of contract. The City, at its sole option, may terminate this agreement and obtain damages from the Developer resulting from said breach.

Alternatively, the City may purchase such required insurance coverage, and Developer shall reimburse the City for any premium costs advanced by the City for such insurance.

I. PRIMARY AND NON-CONTRIBUTORY
For any claims related to this project, the Developer’s insurance coverage shall be primary insurance as respects the City, its officers, officials, employees, agents and volunteers. Any insurance or selfinsurance maintained by the City, its officers, officials, employees, agents or volunteers shall be excess of the Developer’s insurance and shall not contribute with it.

The additional insured coverage under the Developer’s policy shall be primary and non-contributory” and will not seek contribution from the City’s insurance or self-insurance and shall be at least as broad as CG 20 01 04 13.

J. SUBCONTRACTORS
Developer shall require its contractors to maintain the same levels of insurance and provide the same indemnity that the Developer is required to provide under this Agreement. A contractor is anyone who is under contract with the Developer or any of its contractors to perform work contemplated by this Agreement. The Developer shall require all contractors to provide evidence of valid insurance and the required endorsements prior to the commencement of any work.

K. SUBROGATION WAIVER
Developer agrees to waive subrogation rights against City regardless of the applicability of any insurance proceeds, and to require all Contractors, subcontractors or others involved in any way with the services to do likewise.

L. VERIFICATION OF COVERAGE
Developer shall furnish the City with original endorsements effecting coverage required by this clause. The endorsements are to be signed by a person authorized by that insurer to bind coverage on its behalf. All endorsements are to be received and approved by the City before the services commence.
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Agenda Item # 3.

Reviewed By:

City Manager City Attorney
GE
Finance Director
Manager JH JF

AGENDA REPORT SUMMARY
Meeting Date: March 8, 2022
Subject: City of Los Altos Audit services extension
Prepared by: John Furtado, Finance Director
Approved by: Gabriel Engeland, City Manager
Attachment(s):

1. Audit Proposal

2. Resolution
Initiated by:

Staff
Fiscal Impact:

A one-year contract extension with Maze for independent audit services for FY2022 would not exceed $52,175.

Environmental Review:

Not applicable
Policy Question(s) for Council Consideration:
 None
Summary:
 This report presents the request to renew the audit contract with the current Auditors Maze & Associates for one more year.

Staff Recommendation:

Staff recommends the City Council review and accept the proposal submitted by Maze & Associates to provide financial audit services for the year ended June 30, 2022 at a cost not to exceed $52,175, and authorize the City Manager to execute a contract for these services. 103
Agenda Item # 4.

Subject: Contract extension Maze & Associates
February 22, 2022 Page 2
Purpose
A number of State and Federal laws require that the City’s financial statements be audited annually and that the City Council engage an independent Certified Public Accountant to act as auditor for the City. On April 22, 2014, the City Council approved a contract with Maze & Associates (Maze) to provide independent auditing services for the City of Los Altos. The City has utilized the services of this firm for the last eight fiscal years (FY2014- FY2021) In 2020 in line with Audit best practices Maze rotated out the lead engagement partner.

Background
City staff would like to extend a contract to Maze & Associates, to continue as auditors to the City of Los Altos for one additional year. The Financial Commission reviewed the agreement and is in support of the staff request.

Discussion/Analysis
California Assembly Bill 1345 added section 12410.6.(b) to Government Code regarding auditor rotation requirements of public accounting firms providing audit services to local agencies. “Government Code section 12410.6. (b) indicates that commencing with the 2013-14 fiscal year, a local agency shall not employ a public accounting firm to provide audit services to a local agency if the lead audit partner or coordinating audit partner having primary responsibility for the audit, or the audit partner responsible for reviewing the audit, has performed audit services for that local agency for six consecutive fiscal years. For purposes of calculating the six consecutive fiscal years, the local agency shall not take into account any time that a public accounting firm was employed by that local agency prior to the 2013-14 fiscal year. The Controller may waive this requirement if he or she finds that another eligible public accounting firm is not available to perform the audit.”
In general, it is also a good practice to go out with Request for Proposal (RFP) for such services every five years or so that the city can evaluate and analyze the pricing and competition in the market.

Given tight audit timelines, compounded by a completely new finance department an audit firm that has a comprehensive understanding of the City’s financial structure, policies, and procedures would enable the City to complete the audit requirements in compliance with the required schedule. Therefore, staff recommends engaging Maze for one additional year, followed by a reevaluation of Request for Proposal (RFP) submissions before the next audit cycle. 104
Agenda Item # 4.

Subject: Contract extension Maze & Associates
February 22, 2022 Page 3
Options
1) Approve the request to extend the engagement of Maze & Associates to conduct the Cities Audit services for the financial year 2022
Advantages: Current Auditors are familiar with the city finances and given that the department is undergoing a transition it would be helpful to retain the current auditors.

Disadvantages: The Price charged by the current auditors could be inflated. 2) Do not approve the request to extend the engagement of Maze & Associates to conduct the Cities Audit services for the financial year 2022
Advantages: The City could find more Audit firms that are professional and provide a better pricing.

Disadvantages: The city will have to go out with a request for proposals (RFP) to hire new auditors taking away staff resources from the task at hand, while also creating the potential of a delayed audit.

Recommendation
Staff and the Financial Commission recommend Option 1
105
Agenda Item # 4.

February 16, 2022
John Furtado
Finance Director
City of Los Altos
One North San Antonio Road
Los Altos, CA 94022
Dear John:

Pursuant to the City’s recent request, coupled with the terms of the City’s most recent Engagement Letter dated August 23, 2021, we are pleased to offer to extend our audit contract to include the fiscal year ended June 30, 2022 at the following prices, with the expectation of the audit being finalized by December 30, 2022:

Total
CAFR & MOIC $39,853
North County Library Authority 3,235
GANN Limit Agreed Upon Procedures 1,085
Single Audit Act Program (One Program) 5,379
Transportation Development Act Program 2,623
Total $52,175
If the finalization of the audit is further delayed after 12/30/2022, due to unexpected events or complications on City side, such as staff turnover, delay in providing essential audit items, a significant number of closing entries and/or audit adjustments, resulting additional audit involvement to complete the audit, we would expect to be compensated with a minimum of 10% of the CAFR & MOIC fees listed above, but not to exceed $5,000.

We look forward to continuing to improve our service to you.

Yours very truly,
Maze & Associates
ATTACHMENT 1
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Agenda Item # 4.

RESPONSE:

If you agree with the terms of this contract modification, please sign below and return a copy to our office.

By: ________________________________________
Title: ________________________________________
Date: ________________________________________
ATTACHMENT 1
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Agenda Item # 4.

ATTACHMENT 2
RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LOS ALTOS

AUTHORIZING THE CITY MANAGER TO ENTER INTO A ONE-YEAR CONTRACT

EXTENSION WITH MAZE & ASSOCIATES FOR PROFESSIONAL AUDITING SERVICES FOR THE YEAR ENDED JUNE 30, 2022
WHEREAS, a number of State and Federal laws require that the City’s financial statements be audited annually and that the City Council engage an independent Certified Public Accountant to act as auditor for the City; and

WHEREAS, on April 22, 2014, the City Council approved a contract with Maze & Associates to provide independent auditing services for the City of LOS ALTOS; and WHEREAS, given tight audit timelines, as well as a necessity for remote audits due to the COVID-19 pandemic, and staff turnover an audit firm that has a comprehensive understanding of the City’s financial structure, policies, and procedures is necessary for the City to complete the audit requirements in compliance with the required schedule; and WHEREAS, the City has utilized the services of Maze & Associates for the last eight fiscal years (FY2014- FY2021); and
WHEREAS, Maze & Associates has submitted a proposal to provide financial audit services for the City of LOS ALTOS for the year ended June 30, 2020 at a cost not to exceed $52,175;
NOW, THEREFORE, the City Council of the City of Los Altos, California, does resolve as follows:

Section 1. The City Manager is authorized to enter into a Consultant Services Agreement with Maze & Associates to perform independent auditing services for the year ended June 30, 2022, with a cost not to exceed $52,175 and, a contingency not to exceed $5,000.

Section 2. The City Clerk shall certify to the passage and adoption of this resolution and enter it into the book of original resolutions.
108
Agenda Item # 4.

Reviewed By:

City Manager City Attorney
GE
Finance Director
JH JF

AGENDA REPORT SUMMARY
Meeting Date: March 8, 2022
Subject Adoption of Ordinance No. 2022-485 amending Titles 1 and 14 of the Los Altos Municipal Code relating to appeals, ongoing maintenance of required landscape features, inclusionary housing requirements for certain housing development projects, and density bonuses; consideration of CEQA exemption finding pursuant to CEQA Guidelines section 15061(b)(3); consideration of Planning Commission recommendation to study feasibility of proposed inclusionary housing requirements
Prepared by: Jolie Houston, City Attorney
Reviewed by: Laura Simpson, Interim Community Development Director Approved by: Gabriel Engeland, City Manager
Attachment(s):

1. Ordinance No. 2022-485
Initiated by:

City Attorney’s Office
Previous Council Consideration:

February 22, 2022
Fiscal Impact:

None at this time.

Environmental Review:

The Ordinance No.2022-485 is exempt from review under the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines Section 15061(b)(3) (Common Sense Exemption) in that the Ordinance No. 2022-485 would establish and clarify administrative processes and would not facilitate new construction or other groundbreaking activities, and none of the circumstances described in CEQA Guidelines Section 15300.2 applies.

Policy Question(s) for Council Consideration:

Shall the Los Altos Municipal Code be amended to address:

1. Appeals;

2. Ongoing maintenance of required landscape features;
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Agenda Item # 5.

Subject: Adoption of Ordinance No. 2022-485
Date Page 2

3. Inclusionary housing requirements for certain housing development projects; and

4. Density bonuses
Recommendation: Hold second reading and adopt a Zoning Text Amendment Ordinance No. 2022-485 modifying the Los Altos Density Bonus Ordinance pursuant to recent changes to state law and make other updates to the Los Altos Municipal Code – Chapter 1.12 to address City appeals procedures, Chapter 14.28 to clarify the City’s existing inclusionary housing requirements and find that the action is exempt from the California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3) of the CEQA Guidelines.
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ORDINANCE NO. 2022-___

AN ORDINANCE OF THE CITY COUNCIL OF

THE CITY OF LOS ALTOS AMENDING
CHAPTERS 1.12 (APPEALS), 14.02 (ZONING –

GENERAL PROVISIONS AND DEFINITIONS)
AND 14.28 (MULTI-FAMILY AFFORDABLE

HOUSING) OF THE LOS ALTOS MUNICIPAL
CODE
WHEREAS, the City Council desires to amend Chapter 1.12 of the Los Altos Municipal Code to allow for the delegation of certain appeals to City staff or to City advisory bodies; and WHEREAS, the City Council also desires to amend Chapter 14.02 of the Municipal Code to clarify that failure to maintain landscaping required of a development project is a nuisance; and WHEREAS, the City Council also desires to clarify the City’s inclusionary housing requirements for certain housing development projects; and
WHEREAS, the City Council also desires to update its density bonus ordinance in Chapter 14.28 of the Municipal Code to reflect current state law and existing City policies and practices; and WHEREAS, this Ordinance is exempt from environmental review pursuant to Section 15061(b)(3) of the State Guidelines implementing the California Environmental Quality Act of 1970, as amended.

NOW THEREFORE, the City Council of the City of Los Altos does hereby ordain as follows:

SECTION 1. AMENDMENT OF CHAPTER 1.12 OF THE MUNICIPAL CODE. Section

1.12.090 is hereby added to the Los Altos Municipal Code, as follows:

1.12.090. Delegation of Authority.

The city council may, by resolution, delegate its powers under this chapter to another city official or body. Such resolution shall prescribe whether the decision of the official or body shall be final or whether it shall be appealable to the city council.

SECTION 2. AMENDMENT TO CHAPTER 14.02 OF THE MUNICIPAL CODE.

Section 14.02.055 is hereby added to the Los Altos Municipal Code, as follows:

14.02.055. Landscaping Required in Connection with a Development Project.

Any landscaping required as an objective design standard or as a condition of project approval for a development project approved pursuant to this title shall be maintained by the property owner or occupant of the property for the life of the development project. Failure to do so shall constitute a nuisance.

SECTION 3. ARTICLE 1 OF CHAPTER 14.28 OF THE MUNICIPAL CODE. Chapter

14.28 of the Los Altos Municipal Code, Sections 14.28.010 to 14.28.030 inclusive, is hereby amended as follows, underlined text indicating additions and stricken text indicating deletions:
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Article 1. Inclusionary Housing Requirements

14.28.010 Purpose; Definitions.

This chapter article provides the requirements and provisions for the production of affordable housing. The definitions contained in Section 14.28.040.B., unless otherwise apparent from the context, shall be applicable to this chapter. As used in this article, the following terms have the following meanings unless otherwise apparent from the context:

A. “Affordable housing unit” means a for-sale or rental dwelling unit affordable to households with extremely low, very low, low, or moderate incomes as published periodically by HCD for households in Santa Clara County or equivalent as approved by the community development director. Calculations for the required affordable housing resulting in fractional units shall be rounded up to the next whole number.

B. “Dwelling unit” means a dwelling designated and intended for occupancy by a household.

C. “HCD” means the California Department of Housing and Community Development or any successor agency.

D. “Income, very low, low or moderate” means an annual income of a household that does not exceed the amounts designated for each income category as determined by HCD.

E. “Multiple-family residential project” means a residential project exceeding four units or a mixed-use project.

F. “Project” means the entire parcel of real property, including all structures thereon, all or part of which is intended to be rented or purchased for residential purposes.

14.28.020 Applicability.

All multiple-family residential projects that create five or more new dwelling units shall provide affordable housing as follows:

A. For projects with five to nine units, affordable housing units shall be provided as follows:

1. Fifteen (15) percent of the total units shall be designated as affordable, rental or ownership, at the moderate-, low- or very-low income level.

2. As an alternative to providing the required affordable housing units, payment of an in-lieu fee is permitted.
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B. For projects with ten (10) or more units, affordable housing units shall be provided as follows:

1. Rental units. Twenty (20) percent designated as affordable at the lowincome level or fifteen (15) percent designated as affordable at the verylow income level.

2. Ownership units. Fifteen (15) percent of total units shall be designated as affordable housing units. with a majority of the A majority of the affordable housing units shall be designated as affordable at the moderate-income level. The remaining affordable housing units shall be designated as affordable at the low- and/or very-low income level.

C. Nothing in this section is intended to prohibit a multiple-family residential project from providing additional affordable housing units beyond the minimum number of affordable units required at each income level.

D. As used in paragraph 2 of subdivision (B) of this section, the term “majority” shall have the following meaning.

1. If 50% of the total affordable housing units required by subdivision (B) results in a number with a fractional remainder, then “majority” means 50% of the total affordable housing units rounded up to the nearest whole number.

2. If 50% of the total affordable housing units required by subdivision (B) results in a whole number without a fractional remainder, then “majority” means 50% of the total affordable housing units plus one unit.

14.28.030 Standards. [No change.]
SECTION 4. ARTICLE 2 OF CHAPTER 14.28 OF THE MUNICIPAL CODE. Section

14.28.040 of the Los Altos Municipal Code is hereby repealed and replaced with a new Article 2 to Chapter 14.28, as set forth in Attachment 1 to this ordinance.

SECTION 5. APPENDIX TO CHAPTER 14.28 OF THE MUNICIPAL CODE. Chapter

14.28 shall contain an appendix with tables summarizing various requirements of the state density bonus law. The appendix is set forth in Attachment 2 to this ordinance and shall be updated from time to time by the city manager or designee, without further action of the city council, to reflect changes in state law.

SECTION 6. CONSTITUTIONALITY. If any section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid or unconstitutional, such decision shall not affect the validity of the remaining portions of this ordinance.

SECTION 7. PUBLICATION. This ordinance shall be published as provided in Government Code section 36933.
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SECTION 8. EFFECTIVE DATE. This ordinance shall be effective upon the commencement of the thirty-first day following the adoption date.

The foregoing ordinance was duly and properly introduced at a regular meeting of the City Council of the City of Los Altos held on ____________, 2022 and was thereafter, at a regular meeting held on ___________, 2022 passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________
Anita Enander, MAYOR
Attest:
_______________________
Andrea Chelemengos, CMC, CITY CLERK
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Attachment 1

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Article 2. Density Bonus Ordinance
§ 14.28.040. Title
This article shall be known and may be cited as the Los Altos Density Bonus Ordinance. § 14.28.042. Definitions
As used in this article, the following terms shall have the following meanings:

A. “Concession” shall have the same meaning as the term “concession or incentive” pursuant to the state density bonus law, as currently defined in Government Code section 65915, subdivision (k).

B. “Density bonus” means a density increase over the otherwise maximum allowable residential density for a housing development as of the date of application by the applicant, or, if elected by the applicant, a lesser percentage of density increase, including, but not limited to, no increase in density.

C. “Housing development” means any of the following:

1. A development project for five or more residential units, including a mixed-use development;

2. A subdivision consisting of residential units or unimproved residential lots;

3. A common interest development as defined in section 4100 of the Civil Code consisting of residential units or unimproved residential lots;

4. A project to convert and substantially rehabilitate an existing commercial building to residential use; or

5. The substantial rehabilitation of an existing structure designed for human habitation that has been divided into two or more legally created independent living quarters, where the result of the rehabilitation would be a net increase in available residential units.

D. “Identifiable and actual cost reduction to provide for affordable housing cost” means a reasonably quantifiable cost reduction that would be achieved for a housing development through a concession unless it can be shown that total cost reductions for all proposed concessions likely would exceed:

1. In the case of a rental housing development, the approximate difference between the amount of the debt service that the development’s affordable units will support and the cost to construct those units; and

2. In the case of a for-sale housing development, the approximate difference between the combined total restricted sales prices of the affordable units in the housing development and the combined unrestricted value of those units. 115
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Attachment 1

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E. “Maximum allowable residential density” means the maximum residential density allowed for a housing development under this title and the land element of the general plan. If the residential density allowed under this title is inconsistent with the density allowed under the land use element of the general plan, the general plan density shall prevail. For purposes of this definition, residential density shall be calculated based upon the gross acreage of a housing development, regardless of how it may be calculated by the city for other purposes.

If a housing development is proposed to be located on any property that includes a parcel or parcels for which no maximum density is established by the general plan or zoning, then the maximum allowable residential density for the housing development shall be the base density as established by the applicant pursuant to section 14.28.050.C of this code.

F. “On-menu concession” means any of the concessions listed in section 14.28.048 of this code. Every on-menu concession is conclusively presumed to achieve an identifiable and actual cost reduction to provide for affordable housing cost and is rebuttably presumed not to have a specific, adverse impact upon public health or safety.

G. “Reasonable documentation to establish eligibility for a concession” means a credible written explanation or other documentation demonstrating to the reasonable satisfaction of the city manager or designee that a concession will achieve an identifiable and actual cost reduction to provide for affordable housing cost.

H. “State density bonus law” means Government Code section 65915, et seq., as the same may be renumbered or amended from time to time.
§14.28.044. Application of this Article
This article shall apply to any housing development that is entitled to receive a density bonus pursuant to the state density bonus law.
§14.28.046. Adoption of State Density Bonus Law
The state density bonus law is hereby adopted by reference. This article contains an appendix with tables summarizing various requirements of the state density bonus law. These tables are provided for informational purposes only and shall be updated from time to time by the city manager or designee, without further action of the city council, to reflect changes in state law. Except as provided in a development agreement approved by the city council in its discretion pursuant to Government Code section 65864, et seq., an applicant for a housing development shall not be entitled to, and shall not be granted:

A. A density bonus in excess of the maximum density bonus required under the state density bonus law;
B. A number of concessions in excess of the maximum number of concessions required under the state density bonus law;
C. Waivers to which the applicant is not otherwise entitled pursuant to the state density bonus law; and
D. A parking ratio and other provisions for parking more favorable than required under the state density bonus law, except as otherwise provided pursuant to another provision of this code.
116
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§14.28.048. On-Menu Concessions
Each type of on-menu concession listed below shall be applied only once to a housing development. If an applicant requests to apply one type of on-menu concession more than once to a housing development, then the request shall be treated as an off-menu concession request.

A. Lot coverage. Up to a 20 percent increase in lot coverage limits.

B. Lot width. Up to a 20 percent decrease in lot width requirements.

C. Floor Area Ratio. In zone districts with a floor area ratio maximum, an increase in the maximum floor area equal to the floor area of the affordable units for the housing development, up to a 35 percent increase in floor area maximum.

D. Height. Up to an eleven foot (11’) increase in the allowable height.

E. Yard/Setback. Up to a 20 percent decrease in the required width or depth of any individual yard or setback except along any property line that abuts a single-family R1 zoned property.

F. Open Space. Up to a 20 percent decrease from an open space requirement. §14.28.050. Application Procedures
A. A density bonus request shall be considered by the approval authority for the housing development. An applicant for a density bonus pursuant to the state density bonus law shall submit a density bonus report together with the application for the housing development. The density bonus report shall contain the following:

1. The basis under the state density bonus law on which the applicant is claiming a density bonus;

2. An identification of the maximum density bonus to which the housing development is entitled on the basis requested;

3. An identification of any concession(s) sought and, except for on-menu concessions, reasonable documentation to establish eligibility for the concession(s);

4. An identification of any waiver(s) sought and a detailed explanation of why the development standard from which any waiver is sought would have the effect of physically precluding the construction of the housing development at the density and with any concession(s) or parking ratio reduction sought. If the basis for a waiver request is that the development standard from which the waiver is sought would preclude the housing development from providing the number of units to which the project is entitled under the state density bonus law, then the justification for the waiver shall include an analysis demonstrating the maximum number of units that could be provided without the waiver, assuming a housing development with the same average unit size as for the housing development proposed; and

5. If the housing development is proposed on any property that includes a parcel or parcels with existing dwelling units or dwelling units that have been vacated or 117
Agenda Item # 5.

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demolished in the five-year period preceding the application, an explanation of how the project meets the state density bonus law’s replacement housing requirements, if applicable, currently codified at Government Code section 65915, subdivision (c)(3).

B. If the applicant’s proposal for concessions or waivers changes after the application is complete, the applicant shall submit an amended density bonus report that includes all the information required under subdivision (A) above.

C. If the housing development is proposed to be located on any property that includes a parcel or parcels for which no maximum density is established by the general plan or zoning, then the applicant shall determine a base density for the housing development by determining the maximum number of units that could be provided by a hypothetical housing development consistent with all applicable development standards. The average unit size for the hypothetical housing development shall be at least as large as the average unit size for the housing development proposed. The density bonus report for the housing development shall include calculations and rough drawings for the hypothetical housing development used to determine the base density.

D. If the density bonus report submitted for a housing development is incomplete, city planning staff shall provide the applicant notice of such incompleteness pursuant to the Permit Streamlining Act, Government Code section 65920, et seq.

E. If a proposed housing development would be inconsistent with the state density bonus law, then city planning staff shall provide the applicant notice of such inconsistency pursuant to the Housing Accountability Act, Government Code section 65589.5. §14.28.052. Standards
Affordable units provided to meet state density bonus law requirements shall meet the standards set forth in section 14.28.030.C of this code.
§14.28.054. Affordable Housing Agreements
A. Affordable rental units provided by a housing development to meet the requirements of this chapter shall be subject to an affordable housing agreement recorded against the housing development with a 99-year term commencing upon the issuance of certificates of occupancy; provided that a longer period shall apply if required by another public financing source or law. The form of the affordable housing agreement shall be approved by the city attorney.

B. For-sale affordable units provided by a housing development to meet both the requirements of the state density bonus law and the city’s inclusionary housing requirements shall be subject to a recorded affordable housing agreement approved as to form by the city attorney. The affordable housing agreement shall, at a minimum, require that:

1. Each for-sale affordable unit shall be sold to an income qualified household at an affordable housing cost, as defined in the affordable housing agreement; and 118
Agenda Item # 5.

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2. Each for-sale affordable unit shall be sold to the initial purchaser subject to a recorded resale restriction agreement approved as to form by the city attorney, which shall:
a. Have a 55-year term or a longer term if required by another public financing source or law;
b. Restrict the resale price of the unit to an affordable housing cost, as defined in the resale restriction agreement; and
c. Require that if the unit is sold to a subsequent purchaser during the term of the agreement, the purchaser shall purchase the unit subject to a resale restriction agreement approved as to form by the city attorney with a new 55-year term or a longer term if required by another public financing source or law.

C. Unless otherwise required by another public financing source or law, a for-sale unit provided to meet state density bonus law requirements that is not necessary to meet the city’s inclusionary housing requirements shall be sold to an income qualified household subject to an equity sharing agreement as set forth in the state density bonus law. 119
Agenda Item # 5.

Appendix 2
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ERAMAKRISHNAN\27916001

APPENDIX TO AFFORDABLE HOUSING ORDINANCE
This appendix is a summary of current state law and is for reference purposes only. Applicants are encouraged to consult Government Code Section 65915 or successor statute, as the same shall be amended from time to time, for further information about state density bonus law. In case of any conflict between this appendix and state law, state law shall prevail.

Table A: Density Bonus Available to Housing Developments Providing at Least Ten (10) Percent of Units for Lower Income Households
Percentage of Low-Income Units Percentage Density Bonus 10 20
11 21.5
12 23
13 24.5
14 26
15 27.5
16 29
17 30.5
18 32
19 33.5
20 35
21 38.75
22 42.5
23 46.25
24 50
120
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Table B: Density Bonus Available to Housing Developments Providing at Least Five (5) Percent of Units for Very Lower Income Households Percentage of Very Low Income Units Percentage Density Bonus 5 20
6 22.5
7 25
8 27.5
9 30
10 32.5
11 35
12 38.75
13 42.5
14 46.25
15 50
Table C: Density Bonus Available to For-Sale Housing Developments Providing at Least Ten (10) Percent of Units for Moderate Income Households Percentage Moderate-Income Units Percentage Density Bonus 10 5
11 6
12 7
13 8
14 9
15 10
16 11
121
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17 12
18 13
19 14
20 15
21 16
22 17
23 18
24 19
25 20
26 21
27 22
28 23
29 24
30 25
31 26
32 27
33 28
34 29
35 30
36 31
37 32
38 33
39 34
40 35
122
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41 38.75
42 42.5
43 46.25
44 50
Table D: Miscellaneous Bases for Density Bonus
Senior Citizen Housing Development --
Gov. Code, § 65915, subd. (b)(1)(C)
20% Density Bonus
(calculated based on number of
senior housing units)
10% of Total Units for Transitional Foster
Youth, Disabled Veterans, or Homeless Persons
--
Gov. Code, § 65915, subd. (b)(1)(E)
20% Density Bonus
(calculated based on number of units
for transitional foster youth, disabled
veterans, or homeless persons)
20% of Total Units for Lower Income Students
in Student Housing --
Gov. Code, § 65915, subd. (b)(1)(F)
35% Density Bonus
(calculated based on number of
student housing units)
100% Affordable Projects --
Gov. Code, § 65915, subd. (b)(1)(G)
No maximum density control if within
one-half mile of a major transit stop
Otherwise, 80% density bonus calculated
based on the number of units for lower
income households
123
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Table E: Available Concessions
Number of
Concessions Bases
1 5% of Units for Very Low Income Households
10% of Units for Lower Income Households
10% of Units for Moderate Income Households
20% of Units for Lower Income Students in Student Housing Project 2 10% of Units for Very Low Income Households
17% of Units for Lower Income Households
20% of Units for Moderate Income Households
3 15% of Units for Very Low Income Households
24% of Units for Lower Income Households
30% of Units for Moderate Income Households
4 100% Affordable Housing Projects
(if project is within one-half mile of a major transit stop, also entitled to a height increase of 33 feet or three stories)
Table F: Parking Ratios
No parking required if requested by applicant for a project that is 100% affordable to lower income households and that:

1. Has unobstructed access to a major transit stop within one-half mile of the project site.

2. Is for individuals ages 62 or older and either (a) is served by paratransit service; or (b) has unobstructed access to a fixed route bus service, as defined, within one-half mile of the project site.

3. Is a special needs housing development and either (a) is served by paratransit service; or (b) has unobstructed access to a fixed route bus service, as defined, within one-half mile of the project site.

4. Is a supportive housing development.

No more than 0.5 on-site spaces per unit are required if requested by applicant for a project that has unobstructed access to a major transit stop within one-half mile of the project site if:

1. At least 11% of the units are for very low income households.

2. At least 20% of the units are for low-income households. 124
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3. At least 40% of the units are for moderate income households.

Standard Parking Ratios in All Other Cases Where Project Qualifies for Density Bonus:
1 on-site space per studio or 1-bedroom unit

1.5 on-site spaces per 2- or 3-bedroom unit

2.5 on-site spaces per larger unit
125
Agenda Item # 5.

Reviewed By:

City Manager City Attorney
GE
Finance Director
JH JF

AGENDA REPORT SUMMARY
Meeting Date: March 8, 2022
Subject Independent Intake Official Complaint Summary
Prepared by: Katie Krauss, Police Captain
Reviewed by: Andy Galea, Chief of Police
Approved by: Gabriel Engeland, City Manager
Attachment(s):

1. Independent Intake Official Complaint Summary
Initiated by:

City Council on November 24, 2020
Previous Council Consideration:

Fiscal Impact:

None
Environmental Review:

Not applicable
Policy Question(s) for Council Consideration:

Not applicable
Summary:
• On November 24, 2020, the City Council directed the Police Department to initiate changes to the police complaint intake process, all of which have been implemented. • The Independent Intake Official was directed to summarize complaints in an annual report.

Staff Recommendation:

Accept the report by the Independent Intake Official
126
Agenda Item # 6.

Subject: Independent Intake Official Complaint Summary
March 8, 2022 Page 2
Purpose
The purpose is to generate an annual report to the city summarizing all police complaints received during calendar year 2021.

Background
On November 24, 2020, the City Council directed the Police Department to initiate changes to the police complaint intake process.

Discussion/Analysis
The City created the role of the Independent Intake Official and currently contracts with Stephanie Atigh, Attorney at Law, to provide these services.

Recommendation
Accept the report by the Independent Intake Official
127
Agenda Item # 6.
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REPORT TO CITY COUNCIL

BACKGROUND
In September 2020, the Los Altos City Council formed the Citizens’ Police Task Force to review specified police practices to increase trust, transparency, and accountability within the Police Department. The Task Force met for a period of six (6) weeks and worked with department staff to understand policies and practices related to the police complaint intake process as well as the School Resource Officer Program. The Task Force heard testimony from the public before making recommendations to the City Council.

This report will provide the City Council with an update and the Annual Report related to the police complaint intake process only.

COUNCIL ACTION
On November 24, 2020, the City Council directed the Police Department to initiate the following changes to the police complaint intake process, all of which have been implemented.

Police complaints may be submitted to an Independent Intake Official (IIO) who contracts with the city of Los Altos.

The Independent Intake Official (IIO) provides an alternative way for the public to submit complaints.

The Independent Intake Official (IIO) can receive complaints via online IIO WEBFORM, email, by U S Mail using the Civilian Complaint Submission Form, or by phone.

Complaints are shared between the Independent Intake Official (IIO) and the police department administrative staff. The IIO will keep a complainant’s name confidential from the police staff if requested.

Complaint demographic data will be collected and stored in a database, which tracks both Informal and Formal complaints. 128
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The Independent Intake Official (IIO) will summarize complaints in an annual report, the first of which will be provided in 2022.

In addition, the intake of personnel complaints against police officers was further enhanced.

Online intake options are prominently displayed on the department’s website.

A webpage was added to describe the role of the Independent Intake Official (IIO), and the role is prominently displayed on the City Manager’s page.

The complaint process is explained in various locations on the City website, as well as in flowcharts and a downloadable complaint brochure.

Printed brochures and complaint forms are available at several locations, such as City Hall, libraries, Los Altos High School, and other public facilities and are prominently displayed in the Police Department’s holding facility.

Complaints may be submitted to the Police Department or the IIO via online webforms, email [email protected], or phone.

Complaints may also be submitted by US mail or in person to the Police Department.

Police patrol vehicles and Officer business cards now display the police feedback email address.

The Police Department FAQ page was expanded to include specific Q & A about the Citizens’ Police Task Force and complaint filing.

INDEPENDENT INTAKE OFFICIAL
The City created the role of the Independent Intake Official and currently contracts with Stephanie Atigh, Attorney at Law, to provide these services. 129
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The Independent Intake Official provides the following:

Contracts with the city of Los Altos
Accepts complaints from the public
Shares complaints with the Police Department so that the administration can process the complaint
Accepts and logs complaints that were initially sent to the Police Department
Monitors the progress of complaints to ensure timely processing Holds names of complainants confidential from the Police Department if requested
Generates an annual report to the city summarizing all police complaints received. The IIO Annual Report will not include personal identifying information about complainants or Department member.

The Independent Intake Official does not provide the following:

The IIO does not work for the Los Altos Police Department The IIO does not conduct investigations
The IIO has no authority to change the result of an investigation The IIO will not release a complainant’s name to the Police Department if the complainant wishes to remain anonymous INDEPENDENT INTAKE OFFICIAL 2022 ANNUAL REPORT
Personnel complaints are classified in 5 categories: Informal, formal, incomplete, decline to investigate, and exceptional clearance. This first Independent Intake Official Annual Report will summarize the police complaints for informal complaints and formal complaints as well as the 130
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two complaints in which the Independent Intake Official has kept the complainants’ identities confidential from the Police Department.

A complaint can be classified as incomplete if the complaining party either refuses to cooperate or becomes unavailable after diligent follow-up investigation. At the discretion of the assigned supervisor or the Internal Affairs Unit, such matters may be further investigated depending on the seriousness of the complaint and the availability of sufficient information.

A complaint may be classified as decline to investigate when (1) the alleged incident could not have occurred based on the details the complainant provides that could best be described as hallucinatory in nature; (2) a reasonably objective person would assume the complainant’s description of the circumstances is based upon information that is clearly made up or imaginary; (3) the complainant’s description of the incident is based on what a reasonably objective person would describe as an implausible conspiracy theory; or (4) the complainant previously made the same complaint against a Department member that has previously been investigated and a disposition reached.

An exceptional clearance complaint is one in which the initial investigation of the complaint reveals that the misconduct alleged in the complaint did not occur, based on immediately available evidence and/or recorded media. Complaint investigators will complete formal written documentation of the incident using the Internal Affairs Investigation Report Format to explain why the case cleared exceptionally.

FORMAL COMPLAINTS
Per Department Policy (LAPD Duty Manual 1020.3.1), a formal complaint is defined as a matter in which the complaining party requests further investigation or in which a department supervisor determines that further action is warranted. Such complaints may be investigated by a department supervisor of rank greater than the reported employee or referred to the Operations Commander depending on the seriousness and complexity of 131
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the investigation. If an investigation of a formal complaint discloses misconduct or improper job performance that was not alleged in the original complaint, the investigator will respond appropriately to those additional allegations.

The disposition of a formal complaint is classified in one of the following:

Unfounded: when the investigation discloses that the alleged acts did not occur or did not involve Department members. Complaints that are determined to be frivolous will fall within the classification of unfounded (Penal Code § 832.8)
Exonerated: When the investigation discloses that the alleged act occurred but that the act was justified, lawful, and/or proper.

Not sustained: When the investigation discloses that there is insufficient evidence to sustain the complaint or fully exonerate the officer.

Sustained: A final determination by an investigating agency, commission, board, hearing officer, or arbitrator, as applicable, following an investigation and opportunity for an administrative appeal pursuant to Government Code § 3304 and Government Code § 3304.5 that the actions of a Department member were found to violate law or department policy (Penal Code § 832.8)
No Finding: When the complainant fails to provide information promised or necessary to complete the investigation, the complainant is no longer available to clarify details needed to make a finding in the case, or the complainant has advised that he or she is no longer willing to cooperate in the investigation.

Complaint Withdrawn: When the complainant affirmatively indicates the desire to withdraw his/her complaint.

A summary of the formal complaints received in 2021 is provided in Table 1 attached to this report.
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INFORMAL COMPLAINTS
Per Department Policy (LAPD Duty Manual 1020.3.1), an informal complaint is a matter in which the complaining party is satisfied that appropriate action has been taken by a department supervisor of rank greater than the reported employee. Informal complaints need not be documented on a personnel complaint form, and the responsible supervisor shall have the discretion to handle the complaint in any matter consistent with this policy.

According to the Policy (1020.3), inquiries about conduct or performance that, if true, would not violate department policy or federal, state, or local law, policy or rule may be handled informally by a supervisor and shall not be considered a personnel complaint. Such inquiries generally include clarification regarding policy, procedures, or the response to specific incidents by the Department. However, for the purposes of this report and at the direction of the City Council, inquiries were included as informal complaints.

An informal complaint is considered “resolved” when the complainant expresses satisfaction to the Department’s representative about the Department’s response to the complaint, and the complainant does not ask for further action by the Department. An informal complaint is considered “closed” when the concerns articulated in the complaint have been addressed by Department personnel, but the complainant is unable to be reached to discuss their level of satisfaction.

A summary of the informal complaints received in 2021 is provided in Table 2 attached to this report.

COMPLAINTS WHERE IDENTITY OF COMPLAINANT IS KEPT

CONFIDENTIAL BY INDEPENDENT INTAKE OFFICIAL
A complainant can request that his/her identity be maintained only by the Independent Intake Official and not shared with members of the Department. In 2021, the IIO received only two such complaints, and in 133
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both cases the complainants did not respond to the IIO’s request for additional information. Those complaints are summarized in Table 3 attached to this report.
134
Agenda Item # 6.

Table 1
FORMAL COMPLAINTS 2021
Reporting
Date
Complaint
Number
Complaint
Type
Community
or Dept
Initiated
Racial
or Bias
Related
Use of
Force
Related
General
Description
Reporting
Method
Disposition
5/4/21 21-005 Formal Community No No Improper
surveillance of
complainant’s
home
Phone call to
IIO
Unfounded
8/19/21 21-015 Formal Department No No Action in
violation of
Dept policy;
Rudeness
Memo to
Department
member
Pending
outside
investigation
135
Agenda Item # 6.

Table 2
INFORMAL COMPLAINTS 2021
Reporting
Date
Complaint
Number
Complaint
Type
Community
or Dept
Initiated
Racial
Bias
Use of
Force
Related
General
Description
Reporting
Method
Disposition
1/19/21 21-001 Informal Community No No Dept member
rudeness
during stop for
Vehicle Code
violation
Phone call to
Department
Resolved
2/1/21 21-002 Informal Community No No Dept member
driving at
unsafe speed
Email to
PoliceWeb
Resolved
3/2/21 21-003 Informal Community No No Dept member
rudeness
during stop for
Vehicle Code
violation
In person at
Department
Resolved
3/26/21 21-004 Informal Community No No Dept member
not using turn
signal
Phone call to
Department
Resolved
6/8/21 21-006 Informal Community No No Dept member
rudeness when
receiving
report of
criminal
activity
Email to
PoliceWeb
Resolved
7/4/21 21-007 Informal Community No No Dept member
shining
spotlight into
vehicle
Phone call to
Department
Resolved
136
Agenda Item # 6.
8/14/21 21-008 Informal Community No No Dept member
obstructing
investigation
Police
Feedback
email
Closed
7/21/21 21-009 Informal Community No No No female
officer at arrest
In person at
scene of
incident
Closed
8/1/21 21-010 Informal Community No No Dept member
following car
too closely
Email to
Department
Resolved
8/14/21 21-012 Informal Community No No Failure to send officers re
cloned children
Police
Feedback
Email
Decline to
Investigate
8/19/21 21-011 Informal Community No No Complaint
about court
fees following
arrest
Phone call
and email
Resolved
8/25/21 21-013 Informal Community No No Dept member
using foul
language
In Person at
Department
Closed
9/17/21 21-014 Informal Community No No Dept member
improperly
entered
backyard
during welfare
check
Phone call to
Department
Resolved
5/8/21 21-016 Informal Community No No Failure to
receive notice
that the
prescription
drop-off box
was full
Email to
PoliceWeb
Resolved
137
Agenda Item # 6.

TABLE 3
COMPLAINTS WHERE IDENTITY MAINTAINED BY IIO: 2021
Reporting
Date
Complaint
Number
Community
or Dept
Initiated
Racial or
Bias
Related
Use of
Force
Related
General
Description
Reporting
Method
Disposition
8/7/20 n/a Community No No Complainant
did not provide
any factual
information to
IIO
IIO Webform Incomplete
Complainant
never
responded to
request for
information
12/11/21 21-017 Community No No Seeking
assistance to
locate alleged
improper
fiduciary
IIO Webform Incomplete
Complainant
never
responded to
email and
telephone
request for
information
138
Agenda Item # 6.

AGENDA REPORT SUMMARY

Reviewed By:

City Manager City Attorney
GE
Finance Director
JH JF
Meeting Date: March 8, 2022
Subject: Emergency Declaration Resolution
Prepared by: Jon Maginot, Deputy City Manager
Approved by: Gabriel Engeland, City Manager
Attachment(s):

1. Resolution No. 2022-xx
Initiated by:

Staff
Previous Council Consideration:

March 12, 2020 (Declaration of Emergency); March 17, 2020; August 24, 2021; October 12, 2021; November 9, 2021; December 7, 2021; January 11, 2022; February 8, 2022 Fiscal Impact:

None. However, a local emergency declaration is a prerequisite for requesting state or federal assistance.

Environmental Review:

Not applicable
Policy Question(s) for Council Consideration:
• Does the Council wish to renew its existing declaration by adopting a resolution declaring a local emergency to emphasize the need for continued adherence to public health guidance?
Summary:
• AB 361 requires the City to adopt a resolution every 30 days extending a local emergency declaration to continue to allow legislative bodies to meet virtually Staff Recommendation:

Adopt Resolution No. 2022-xx extending the declaration of a local emergency due to the COVID19 pandemic 139
Agenda Item # 7.

Subject: Emergency Declaration Resolution
March 8, 2022 Page 2
Purpose
To adopt a resolution extending the existing declaration of emergency Background
On March 12, 2020, the City Manager issued an Emergency Declaration in response to the COVID-19 pandemic. On March 17, 2020, the City Council adopted Resolution No. 2020-08 ratifying the Emergency Proclamation. The City Council most recently adopted a resolution on January 11, 2022 continuing the declaration of the existence of a local emergency due to the COVID-19 pandemic.

The threat posed by COVID-19 continues to pose a serious risk to the public health and safety of the City of Los Altos.

Discussion/Analysis
Resolution No. 2021-46 states that the Director of Emergency Services (City Manager) is to report to the City Council within sixty (60) days on the need for further continuing the local emergency.

AB 361, signed into law on September 15, 2021, allows a public agency to continue to hold virtual City Council and Commission meetings while under a declaration of emergency without complying with certain elements of the Ralph M. Brown Act. The bill requires that a legislative body renew the declaration of emergency every 30 days in order to continue meeting in this matter.

AB 361 applies to local agencies until January 1, 2024.

Recommendation
The staff recommends Council adopt the attached resolution extending the declaration of emergency due to the COVID-19 pandemic.
140
Agenda Item # 7.

ATTACHMENT 1
Resolution No. 2022-XX Page 1
RESOLUTION NO. 2022-___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LOS ALTOS

DECLARING THE EXISTENCE OF A LOCAL EMERGENCY DUE TO THE COVID-19 PANDEMIC
WHEREAS, on March 4, 2020, the Governor issued a proclamation of a state of emergency relating to the respiratory illness known as COVID-19, which is caused by the novel corona virus SARS-CoV02; and
WHEREAS, on March 11, 2020, the World Health Organization declared the existence of a pandemic due to the global spread of COVID-19; and WHEREAS, on March 12, 2020, the Los Altos City Manager, in his capacity as the City’s Director of Emergency Services, proclaimed a local emergency in response to the escalation of COVID-19 to a pandemic, and on March 17, 2020, the City Council adopted Resolution No. 2020-08 ratifying and continuing the proclamation of local emergency; and
WHEREAS, on March 16, 2020, the Santa Clara County Health Officer issued the first of successive orders requiring all individuals residing in the County to shelter in their places of residence as specified, to socially distance, and to take other measures to prevent community spread of COVID-19; and
WHEREAS, on March 19, 2020, the Governor issued a statewide shelter-in-place order; and on August 28, 2020, the Governor announced a “Blueprint for a Safer Economy,” which provided protocols for slowly reopening the state’s economy following the initial shelter-in-place mandate; and
WHEREAS, on August 24, 2021; October 12, 2021; November 9, 2021; December 7, 2021; January 11, 2022 and February 8, 2022, the City Council adopted Resolutions extending the declaration of a local emergency; and
WHEREAS, by the beginning of March 2022, over 2,000 Santa Clara County residents have died of COVID-19; and
WHEREAS, due to the diligence of Los Altos residents in complying with health guidance, Los Altos has one of the lowest rates of reported incidence of COVID-19 infection in Santa Clara County; and
WHEREAS, vaccines provide proven protection against COVID-19; and WHEREAS, by the beginning of March 2022, approximately 89 percent of Santa Clara County residents over the age of 5 had been vaccinated, and statewide vaccination rates were higher than the national average; and
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Resolution No. 2022-XX Page 2
WHEREAS, the Governor lifted the Blueprint for a Safer Economy on June 15, 2021, and local health restrictions have also been lifted due to sharp declines in COVID-19 case counts since vaccines first became available; and
WHEREAS, despite progress in addressing the pandemic, not all eligible individuals are fully vaccinated, and new, more virulent variants of the SARS-CoV-2 virus are spreading in California and throughout the world; and
WHEREAS, according to the Santa Clara County Health Department, by July 1, 2021, the 7-day average of new COVID-19 cases reported in Santa Clara County was down to 37 cases per day, but three weeks later on July 22, 2021, the 7-day average was up to 188 cases per day; and
WHEREAS, as a result of rising case counts, on August 2, 2021, the Santa Clara County Health Officer issued a new health order requiring the use of face coverings indoors by all persons; and
WHEREAS, despite significant progress, COVID-19 remains a threat to public health and safety in the Los Altos community; and
WHEREAS, throughout the pandemic, the City of Los Altos has taken steps to address the health crisis, for example, by facilitating outdoor dining within the City; and WHEREAS, AB 361 requires the City Council make findings every thirty (30) days reaffirming the existence of a local emergency; and
WHEREAS, in view of the ongoing health crisis, the City Council now desires to affirm its existing declaration of local emergency.

NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of Los Altos that:

1. The City Council has reviewed the need for continuing the declaration of local emergency and finds, based on substantial evidence, that the foregoing recitals are true and correct and that the public interest and necessity require the continuance of the proclamation of local emergency related to COVID-19.

2. Said local emergency shall be deemed to continue to exist until terminated by the City Council of the City of Los Altos.

3. The Director of Emergency Services is hereby directed to report to the City Council within thirty (30) days on the need for further continuing the local emergency and, if deemed appropriate, the City Council may take further action. 142
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ATTACHMENT 1
Resolution No. 2022-XX Page 3
I HEREBY CERTIFY that the foregoing is a true and correct copy of a Resolution passed and adopted by the City Council of the City of Los Altos at a meeting thereof on the ___ day of ____, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________
Anita Enander, MAYOR
Attest:
_____________________________
Andrea Chelemengos, MMC, CITY CLERK
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AGENDA REPORT SUMMARY
Reviewed By:

City Attorney City Manager Finance Director
_ GE__ _ JH__ _ JF__
Meeting Date: March 8, 2022
Subject: 347 First Street Historic Landmark designation Prepared by: Sean K. Gallegos, Senior Planner
Reviewed by: Laura Simpson, Interim Development Director Approved by: Gabriel England, City Manager
Attachments:

1. Resolution No. 2022-XX

2. Historic Resource Evaluation, Garavaglia Architecture, Inc.

3. Department of Parks and Recreation (DPR) Primary Record Initiated by:

Applicant, William Bassett
Previous Council Consideration:

None
Fiscal Impact:

None
Environmental Review:

The project is exempt from the provisions of the California Environmental Quality Act (CEQA) per Sections 15308 (Actions for the Protection of the Environment), 15331 (Historic Resource Restoration), and 15061(b)(3) (Common Sense Exemption), in that the project does not involve groundbreaking activity or other activities that may cause significant environmental impacts, but instead involves designating a structure as a historic landmark to help ensure its future preservation. Furthermore, none of the circumstances stated in CEQA Guidelines Section 15300.2 applies.

Policy Question for Council Consideration:
• Does the City Council wish to designate the American Legion Hall at 347 First Street a Historic Landmark?
Summary:
• The property owners seek to have the American Legion Hall at 347 First Street designated a Historic Landmark. This Historical Commission has recommended approval of this designation.
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Staff Recommendation:

Move to adopt Resolution No. 2022-XX designating the American Legion Hall at 347 First Street as a Historic Landmark
Purpose
Consider the recommendation to designate the American Legion Hall at 347 First Street as a Historic Landmark.

Background
Resource Description
The application to the American Legion Headquarters for a charter for a Los Altos post occurred on March 11, 1938, by organizer Howard “Jack” Welch. The legion purchased the subject property in 1940 and construction began immediately. In fact, Post 558 obtained the permit prior to completing the purchase of the land from Altos Land Company. At this time, the town was an unincorporated area with the central business district located near today’s intersection of Foothill Expressway and Main Street, close to the subject property.

The 3,920 square-foot. building at 347 First Street (APN #167-40-048) is a single-story community recreational building, known as the American Legion Hall, Post 558, occupies a 6,970 square-foot lot adjacent to a historic neighborhood in Los Altos. The building is set back from the road approximately 20 feet. The building’s entrance faces southwest but for this report, we will refer the front entrance to be facing south and as the south elevation. The main body of the building is painted beige and the wood fascia is painted a burnt sienna red color that matches the other exterior trim features of the building.

The building sits on a rectangular shaped landlocked lot on the sides and rear, with frontage along First Street. Prior to the hall’s construction, the site was originally part of Sarah L. Winchester’s ranch land and then owned by Paul Shoup and the Altos Land Company. The property was bought in 1940 and construction began immediately by the legionnaires themselves. The building was occupied by 1941 with the rear addition constructed in 1948. At that time, the surrounding neighborhood was rural and even the lot had mature landscaping, pine trees and other shrubbery, plants within the front setback and along the west side of the building. By 1956 the immediate context depicts a significant increase in development of the neighborhood with new houses and increased density in the urban core.

The Minimal Traditional architectural style is associated with residential architecture characterized with either having a hipped-roof or front-gabled roof that is one story and simple in design. The style was in response to the Great Depression and WW II to satisfy the need for immediate housing, thus the small house developed. Pattern books and house plans for small houses in the Minimal 145
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Traditional style were published between 1935 and 1950. These books also contained the Federal Housing Administration (FHA) loans available to build these homes. This style of residential architecture is commonly represented by 1940’s tract homes. This style of architecture was used as barracks and temporary construction during World War II.

Local Landmark Designation Criteria
Under Municipal Code Sections 12.44.040 and 12.44.070.C – (Criteria for designation), a structure, property, or object may be eligible for designation as a historic landmark, if it satisfies each of the three criteria listed below:

A. Age.

A structure or property should be more than fifty (50) years in age. (Exceptions can be made to this rule if the building(s) or site(s) is/are truly remarkable for some reason - such as being associated with an outstanding architect, personage, usage, or event).

B. Determination of Integrity.

A structure or property should retain sufficient historic integrity in most of the following areas:

1. Design: The combination of elements that create the form, plan, space, structure, and style of a property.

2. Setting: The physical environment of a historic property.

3. Materials: The physical elements that were combined or deposited during a particular period of time and in a particular pattern or configuration to form a historic property.

4. Workmanship: The physical evidence of the crafts of a particular culture or people during any given period in history or prehistory.

5. Feeling: A property's expression of the aesthetic or historic sense of a particular period of time.

C. Historic Significance.

A structure or property should be clearly associated with one or more of the following areas of significance:

2. Person/People: Associated with the lives of persons important to the local, California or national history.

3. Architecture/Design: Embodies the distinctive characteristics of a design-type, period, region, or method of construction, or represents the work of a master or possesses high artistic value.
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4. Archaeology: Yields important information about prehistory or history of the local area, California, or the nation.

Additionally, under Municipal Code Section 12.44.070.C.2, the City Council must find that a proposed landmark has special historical, cultural, archeological, scientific, architectural or aesthetic interest or value as part of the heritage or history of the city, the county, the state or the nation.

Historical Commission
The Historical Commission held a public hearing on January 24, 2022 to consider the request to designate the American Legion Hall at 347 First Street as a Historic Landmark. The Commission discussed the merits of the request, noting the structure maintains most of its historic integrity per the National Register seven aspects of integrity, and the American Legion Hall building was associated with a pattern of events that have made a significant contribution to broad patterns of local history. Following the discussion, the Commission voted unanimously to recommend that the City Council approve designating the American Legion Hall at 347 First Street as a Historic Landmark.

Discussion/Analysis
As a part of this investigation and evaluation, the building and its parcel were evaluated according to the City of Los Altos Historic Preservation Ordinance, and the property meets the criteria for designation as an Historic Resource according to the Municipal Code Section 12.44.040:

A. Age
The building was built after the turn of the twentieth century and prior to 1948, making it at least 80 years old, meeting the 50-year age criterion.

B. Determination of Integrity:

The property maintains most of its historic integrity per the five aspects of integrity. These aspects include design, setting, materials, workmanship and feeling.

1. Design: On balance, the property retains integrity of the original design. The American Legion Hall most closely resembles the Minimal Traditional style of architecture. The Minimal Tradition style of design has been altered due to replacing the original materials, including doors with commercial aluminum glass doors, replacing some of the original double hung window sashes with sliding or fixed sashes, and covering other window openings with plywood. However, the window fenestrations, window wood frames and wood sills have been left intact, and three facades have kept the original V-groove wood siding. The building retains the same horizontal massing, rectangular shape, and roof form.

A rear addition alters the original scale and proportion of the original structure. Overall, 147
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the features of Minimal Traditional design of architecture including its form, interior layout, structure, design are intact.

2. Setting: The building maintains its original location within the parcel, but the site has not preserved the integrity of the setting. The setting is the physical environment of a historic property. The property’s former landscaping is no longer extant, and the front, side and rear yards have been in filled with concrete. Concrete also surrounds the building on the sides and rear portion of the building. Originally, the site was in a more rural setting, but the original setting has become more urbanized due to the incorporation of the City in 1952.

3. Materials: Although the property retains the integrity of some of its building materials, on balance it does not satisfy this criterion. 347 First Street retains some elements of its original materials, including the wood V-groove siding (on the north, east and west facades), window fenestrations, wood window frames, wood windowsills and wood roof framing. The V-groove wood siding on the front facade has been covered over with plaster, but this occurred sometime between 1960-66, after the period of significance. At the same time, the window sashes on the front facade windows were also changed. All of the original window sashes on the building, except for the one on the east facade have been replaced or covered over with plywood. The exterior doors are not original and have been replaced with modern commercial aluminum and glass doors.

4. Workmanship: The property maintains the physical evidence of the workmanship of a particular culture or people during any given period in history or prehistory. The American Legion Hall was constructed by WWI veterans. Traditional architectural elements include single story, with horizontal massing, and dominant gable front. Other features include small scale, minimal architectural decoration, and simple windows, typically double-hung windows. The Minimal Traditional building elements and original workmanship are still apparent; therefore, 347 First Street does maintain integrity of workmanship.

5. Feeling: The hall continues to embody the feeling of a Minimal Traditional architectural style, a representative style from 1935 to 1955. Feeling is a property's expression of the aesthetic or historic sense of a particular period of time. The hall continues to embody the feeling of a Minimal Traditional architectural style, a representative style from 1935 to 1955. The minimal alterations over time have not diminished its origins of that architectural style, and it continues to embody the property’s feeling with early 20th century development in Los Altos.

Although the property has lost some of its historic integrity, it meets three of the five criteria listed in the code, and therefore can be said to have retained most of its historic integrity. 148
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C. Historic Significance
The American Legion Hall building was associated with a single significant event or a pattern of events that have made a significant contribution to broad patterns of local or regional history, or cultural heritage of California or the United States. The American Legion building at 347 First Street is strongly associated with the area’s transition from an unincorporated town to an incorporated city and to the broad pattern of development of Los Altos and of Santa Clara County. The subject property has been found to have a particular or important association with all of the towns’ activities that led to the incorporation of the City of Los Altos. Therefore, the American Legion Hall at 347 First Street qualifies as historically significant under criterion 1:
“Event.”
As indicated above, to designate the property as a landmark, the City Council must also find that the proposed landmark has special historical, cultural, archeological, scientific, architectural or aesthetic interest or value as part of the heritage or history of the city, the county, the state or the nation. This finding can be made because the Legion Hall was instrumental in the incorporation of the City of Los Altos. The Hall functioned as the town’s de facto town hall building and held town forum meetings. Future Senator Alan Cranston and other prominent community members of Los Altos met there regularly. With nowhere for the townspeople to meet, the Legion Hall, Post 558 at 347 First Street became the central meeting area for all of the towns’ political, civic, and social events. The American Legion Hall was the meeting place for all the city functions prior to Los Altos becoming an official city of Santa Clara County. By 1949, many Los Altos residents were dissatisfied with the zoning policy of Santa Clara County. Due to the threat of annexation by neighboring Palo Alto and Mountain View, the citizens of Los Altos decided to incorporate. On December 1, 1952, Los Altos became the eleventh city of Santa Clara County.

The building functioned as the town hall building from 1940 up until the time that the Civic Center was occupied in 1959. The subject property has been found to have a particular or important association with all of the towns’ activities and events until the late 1950’s, when other gathering places and the Civic Center were built. Construction of the Civic Center began in 1958 and occupation began in 1959.

The American Legion Hall at 347 First Street was found to have a special historical, cultural value as part of the heritage or history of the City of Los Altos. It was found to be a significant resource under events associated with its significant contribution to the heritage and history of the City.

Therefore, 347 First Street does display a level of significance or integrity that would qualify it for designation as a local City of Los Altos landmark at the local level.

Recommendation
Staff concurs with the recommendation form the Historical Commission and also recommends approval of this designation.
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ATTACHMENT 1 (Revised 03.07.2022)
Resolution No. 2022-XX Page 1
RESOLUTION NO. 2022-XX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LOS ALTOS DESIGNATING 347 FIRST STREET A HISTORIC LANDMARK
WHEREAS, the City of Los Altos is a community that celebrates its history, the rich past that is incorporated into the fabric of the City and provides a link to the community’s heritage and the remaining sites and structures of architectural and/or historic significance that enhance the community’s unique character and contribute to a sense of place; and
WHEREAS, by virtue of its adoption of the Historic Preservation Ordinance (LAMC Chapter 12.44), the City Council of the City of Los Altos did establish a procedure for the designation and preservation of historic landmarks within the City of Los Altos; and WHEREAS, in accordance with that Ordinance, relative to designation of a historic landmark, the Historical Commission held a public hearing on January 24, 2022 and recommended the property located at 347 First Street for designation as a Historic Landmark pursuant to Los Altos Municipal Code Section 12.44.070.C, (attached hereto as Exhibit “A” incorporated herein by reference); and
WHEREAS, this designation is categorically exempt from environmental review under Section 15308 (Actions for the Protection of the Environment), 15331 (Historic Resource Restoration), and 15061(b)(3) (Common Sense Exemption) of the California Environmental Quality Act, in that the project does not involve groundbreaking activity or other activities that may cause significant environmental impacts, but instead involves designating a structure as a historic landmark to help ensure its future preservation.

Furthermore, none of the circumstances stated in CEQA Guidelines Section 15300.2 applies; and
WHEREAS, having considered the staff report, public comment, and other matters in the record, the City Council of the City of Los Altos concurs, in its independent judgment, with the recommendation of the Historical Commission.

NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Los Altos as follows:

1. The City Council hereby finds that the foregoing recitals are true and correct; and

2. The City Council hereby designates 347 First Street as a Historic Landmark, subject to the terms and conditions outlined in Chapter 12.44.

I HEREBY CERTIFY that the foregoing is a true and correct copy of a Resolution passed and adopted by the City Council of the City of Los Altos at a meeting thereof on the 8th day of March 2022 by the following vote:
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Resolution No. 2022-XX Page 2
AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________
Anita Enander, MAYOR
Attest:
_____________________________
Andrea Chelemengos, CITY CLERK
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Resolution No. 2022-XX Page 3
EXHIBIT “A”
With regard to designating the American Legion Hall at 347 First Street as a Historic Landmark and listing it on the Los Altos Historic Resources Inventory, the City Council finds the following in accordance with Section 12.44.040 of the Municipal Code:

A. Age. The structure is more than fifty (50) years in age.

B. Determination of Integrity. The structure retains sufficient historic integrity in most of the following areas:

1. Design: The property retains integrity of the original design. The American Legion Hall most closely resembles the Minimal Traditional style of architecture.

The Minimal Tradition style of design has been altered due to replacing the original materials, including doors with commercial aluminum glass doors, replacing some of the original double hung window sashes with sliding or fixed sashes, and covering other window openings with plywood. However, the window fenestrations, window wood frames and wood sills have been left intact, and three facades have kept the original V-groove wood siding. The building retains the same horizontal massing, rectangular shape, and roof form. A rear addition alters the original scale and proportion of the original structure. Overall, the features of Minimal Traditional design of architecture including its form, interior layout, structure, design are intact.

Concrete also surrounds the building on the sides and rear portion of the building.

Originally, the site was in a more rural setting, but the original setting has become more urbanized due to the incorporation of the City in 1952

3. Workmanship: The property maintains the physical evidence of the workmanship of a particular culture or people during any given period in history or prehistory.

The American Legion Hall was constructed by WWI veterans. Traditional architectural elements include single story, with horizontal massing, and dominant gable front. Other features include small scale, minimal architectural decoration, and simple windows, typically double-hung windows. The Minimal Traditional building elements and original workmanship are still apparent; therefore, 347 First Street does maintain integrity of workmanship.

4. Feeling and Association: The hall continues to embody the feeling of a Minimal Traditional architectural style, a representative style from 1935 to 1955. Feeling is a property's expression of the aesthetic or historic sense of a particular period of time. The hall continues to embody the feeling of a Minimal Traditional architectural style, a representative style from 1935 to 1955. The minimal alterations over time have not diminished its origins of that architectural style, and it continues to embody the property’s feeling with early 20th century development in Los Altos.
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Resolution No. 2022-XX Page 4
C. Historic Significance. The structure is clearly associated with one or more of the following areas of significance:

1. The subject property is associated with events, repeated activities and to the development trends, to qualify it as significant under criterion “Event.” The subject property is most closely associated with the area’s transition from an unincorporated town to become the incorporated city “Los Altos” and to the broad pattern of development of Los Altos and of Santa Clara County. The building functioned as the town hall building from 1940 up until the time that the Civic Center was occupied in 1959. The American Legion building at 347 First Street is strongly associated with the area’s transition from an unincorporated town to an incorporated city and to the broad pattern of development of Los Altos and of Santa Clara County. Therefore, the American Legion Hall building is associated with a single significant event or a pattern of events that have made a significant contribution to broad patterns of local or regional history, or cultural heritage of California or the United States. Therefore, the American Legion Hall at 347 First Street qualifies as historically significant under criterion 1: “Event.” D. Historic Landmark Designation. In addition to the above listed findings, the property has special historical, cultural, archeological, scientific, architectural, or aesthetic interest or value as part of the heritage or history of the city, the county, the state or the nation. The American Legion Hall at 347 First Street has special historical, cultural, archeological, scientific, architectural or aesthetic interest or value as part of the heritage or history of the City. The Legion Hall Post 558 was instrumental in the formation of the City of Los Altos. The American Legion Hall was the meeting place for all the city functions prior to Los Altos becoming an official city of Santa Clara County on December 1, 1952. The building functioned as the town hall building from 1940 up until the time that the Civic Center was occupied in 1959. The subject property has been found to have a particular or important association with all of the towns’ activities and events until the late 1950’s, when other gathering places and the Civic Center are built. Therefore, 347 First Street does display a level of significance and integrity that would qualify it for designation as a local City of Los Altos landmark at the local level
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The American Legion 558
347 First Street, Los Altos, CA
Historic Resource Evaluation – FINAL
Prepared for
City of Los Altos
Los Altos, CA
Prepared by
Garavaglia Architecture, Inc.

Updated: November 23, 2021 Innovating Tradition
ATTACHMENT 2
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I

TABLE OF CONTENTS
Table Of Contents ................................................................................................................................... I List Of Figures ....................................................................................................................................... II Introduction............................................................................................................................................ 1 Resource Description............................................................................................................................. 5 Historical Background / Context...................................................................................................... 15 Site Evolution and Construction Chronology ................................................................................. 21 Evaluation Framework........................................................................................................................ 29 Evaluation Findings............................................................................................................................. 33 Conclusion ............................................................................................................................................45 References ............................................................................................................................................. 46 Aerial Photographs ............................................................................................................................... A Prior related documentation ................................................................................................................ B Subdivision and Historic Maps........................................................................................................... C Available Building Permits/Plans...................................................................................................... D Deed......................................................................................................................................................... E Historic Photographs and Documents................................................................................................ F ATTACHMENT 2
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II

LIST OF FIGURES
Figure 1. Aerial view of subject property outlined in white with subject building outlined in green (Google Maps, amended by author)..................................................................................... 2 Figure 2. Parcel map with subject property outlined in red (Office of the Assessor, Santa Clara County, amended by author) ........................................................................................................... 3 Figure 3. American Legion Hall front elevation and site (GA August, 2021) ................................... 5 Figure 4. American Legion Hall, 1954 (Los Altos News, via Historic Resource Application)........... 6 Figure 5. WWII temporary construction type building, constructed c. 1942 (National Parks Service, Golden Gate National Recreational Area) ....................................................................... 7 Figure 6. Minimal Traditional style markers as shown on a Minimal Traditional home in Glendale, California (Glendale Design Guidelines for Residential Buildings in Adopted Historic Districts) ............................................................................................................................... 7 Figure 7. Exterior view with V-groove wood siding, 1941 (Los Altos Newspaper, 1941)............... 8 Figure 8. Exterior, south elevation, showing current hardscape (W. Bassett, 2021)......................... 8 Figure 9. Oblique view of southwest elevations looking north (W. Bassett, 2021)........................... 9 Figure 10. West elevation looking north (W. Bassett, 2021)................................................................. 9 Figure 11. Oblique view of rear (north) elevation, looking south (W. Bassett, 2021)..................... 10 Figure 12. Left: East elevation, ramp up to kitchen entrance, looking south (GA, 2021)............... 11 Figure 13. Right: East elevation, original window, looking west (GA, 2021).................................. 11 Figure 14. Left: East elevation, looking north toward the storage closets (W. Bassett, 2021)........ 11 Figure 15. Right: East elevation, looking south toward primary elevation (GA, 2021) ................. 11 Figure 16. Main hall, looking south (W. Bassett, 2021)....................................................................... 12 Figure 17. Rear of main hall, looking northwest (W. Bassett, 2021) ................................................. 13 Figure 18. View of rear meeting room, looking northwest (W. Bassett, 2021) ................................ 13 Figure 19. Commercial kitchen space in rear section on eastern side, looking northeast (W.

Bassett, 2020)..................................................................................................................................... 14 Figure 20. 1906 Map of Los Altos, depicting Sara L. Winchester land (Paul Shoup House National Register Nomination, 2011)............................................................................................ 18 Figure 21. 1940 photo depicting the Legion Hall under construction by war veterans (American Legion Hall Post 558, Historic Resource Application, Nov. 2019) ............................................ 23 Figure 22. 1949 photo depicting the Los Altos Citizens Association at the Legion Hall (American Legion Hall Post 558, Historic Resource Application, Nov. 2019) ............................................ 24 ATTACHMENT 2
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1 INTRODUCTION

PROJECT OVERVIEW
Garavaglia Architecture, Inc. was contracted by the City of Los Altos in February of 2020 to prepare a Historic Resource Evaluation (HRE) for the property at 347 First Street in Los Altos, California (Figure 1, 2). This HRE has been prepared at the request of the City of Los Altos in response to concerns raised by Los Altos residents, particularly military veterans, regarding the potential for the subject property to be historically significant. 347 First Street is currently not listed as a historic resource on any historic inventory.

This HRE assesses the subject property’s potential to be eligible for listing as a historic property on the National Register of Historic Places (NRHP), as well as a historical resource on the California Register of Historical Resources (CRHR). The building has also been assessed using the City of Los Altos historic resources evaluation framework established in the 2012 City of Los Altos Historic Resources Inventory.

ATTACHMENT 2
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2 Figure 1. Aerial view of subject property outlined in white with subject building outlined in green (Google Maps, amended by author)
ATTACHMENT 2
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3 Figure 2. Parcel map with subject property outlined in red (Office of the Assessor, Santa Clara County, amended by author)
PRIOR DOCUMENTATION OF 347 FIRST STREET
In 1990, the Los Altos City Council gave approval for the completion of a historic property survey to identify properties within the geographical limits of the city that were potentially significant because of their architectural style, and to make recommendations about the possible designation of these properties as local historical landmarks.1 The first official historic property survey for Los Altos was completed in 1997 and did not include the subject property. The subject property is currently not included as a Los Altos Historic Landmark or as a Los Altos Historic Resource. The resource at 347 First Street was later recorded in 2008 as part of Los Altos Historic Resources Inventory Update & Evaluation Report and is listed as number six on the list2. The 2008 survey was only a listing of historic or potential historic resource. William Bassett, Vietnam Veteran and member of the American Legion completed a California Department of Parks and Recreation (DPR) Form 523 for the subject property.

At a December 8, 2009, City Council meeting, the Council approved a capital improvement program (CIP) project to develop an updated historic resources rating system. This would replace the system used in the 2008 survey to make it more consistent with the system used by the state of California.3 The updated evaluation standards were developed as part of the City of Los Altos Historic Resources Inventory (2012). In the final report, the subject property is not identified as a local historic landmark or historic resource. 1 Los Altos Historic Resources Inventory Survey, 1997.
2 Los Altos Historic Resources Inventory Update & Evaluation Report, Circa: Historic Property Development, 2008 3 Author personal communication with Los Altos Planning Department, 8/4/2021 ATTACHMENT 2
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4 METHODOLOGY AND RESEARCH
Due to Covid-19 restrictions in place at the time of the research and preparation of this HRE, Garavaglia Architecture, Inc. (GA) were initially unable to conduct a site visit of the subject property. Proponents of historic designation of the subject property, with direction from GA, documented the building’s configuration and architectural elements with photographs.

Subsequently, a site visit took place by GA in June 2021, during which time photographed the exterior of the building and the property. The City of Los Altos provided available permit history of the subject property, previously completed DPR’s of historic properties; as well as city of historical reports and inventories of Los Altos. In March 2021, Covid-19 restrictions remained in place and, in addition to using available online resources, Garavaglia staff relied on Santa Clara County employees, librarians, and the Los Altos History House staff to conduct research and provide documents not available online. Vietnam Veteran William Bassett provided history, documentation and photographs, including a Historic Resource Application, dated Nov. 15, 2019 that was essential for this report. Los Altos Planning Office staff assisted GA by gathering building permit information for 347 First Street.

Research by GA was relegated primarily to the portions of archives available online or which were accessible with the help of county, city, and museum staff, as mentioned above. The following repositories/collections were consulted to complete the research process (see References section for complete list of resources).
• California Digital Newspaper Collection
• Calisphere.org
• City of Los Altos, online
• Los Altos History Museum
• Los Altos Town Crier (Los Altos Online)
• Newspapers.com
• Online Archive of California
• Santa Clara County Library Santa Clara County Historical & Genealogical Society • Santa Clara County Office of the Assessor
• U.C. Santa Barbara, Special Collections, FrameFinder database, online • Santa Clara County Department of Planning and Development Online Property Profile ATTACHMENT 2
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5 Chapter 1

RESOURCE DESCRIPTION
The 3,920 sq. ft. building at 347 First Street (APN #167-40-048) is a single-story community recreational building, known as the American Legion Hall, Post 558, occupies a 6,970 sq. ft. lot adjacent to a historic neighborhood in Los Altos. The building is set back from the road approximately 20 feet. The building’s entrance faces southwest but for this report, we will refer the front entrance to be facing south and as the south elevation. The main body of the building is painted beige and the wood fascia is painted a burnt sienna red color that matches the other exterior trim features of the building (Figure 3).

Figure 3. American Legion Hall front elevation and site (GA August, 2021) Site
The building site is paved with concrete. Notable site features on the south side of the building include a central flagpole, a mailbox, and a sidewalk with curving concrete walkway leading to the front entry. Garden like features on the south side include two concrete planters, a concrete ATTACHMENT 2
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6 garbage can and a bench (Figure 3). The site slopes slightly downward from south to north. The front entry is on grade where other entrances have entry stairs. Poured-in-place concrete surrounds the building on all sides. The side setbacks are approximately five feet wide. The front of the building was originally landscaped, as depicted in historic photos, but has since been in-filled with concrete (Figure 4). The setback on the east is gated and used for secure storage by the Boy Scouts and organizations hosted by the American Legion.

Figure 4. American Legion Hall, 1954 (Los Altos News, via Historic Resource Application) Exterior
The American Legion building is a rectangular structure built on a concrete foundation made up of two front gable roof structures built end-to-end. The front, narrower gabled rectangle was built in 1940 and the wider gabled rectangle addition was completed in 1948. The addition is referred to as “The Club.” The single story building’s dimensions are approximately 40 feet by 115 feet, with an open-eave front gabled roof. The building’s architectural style can be classified as Minimal Traditional style with some Craftsman elements, like exposed rafter tails, exaggerated wide entrance and horizontal wood siding.

The Minimal Traditional architectural style is associated with residential architecture characterized with either having hipped-roof or front-gabled roof that is one story and simple in design. The style was in response to the Great Depression and WW II to satisfy the need for immediate housing, thus the small house developed. Pattern books and house plans for small houses in the Minimal Traditional style were published between 1935 and 1950. These books also contained the Federal Housing Administration (FHA) loans available to build these homes.

This style of residential architecture is commonly represented by 1940’s tract homes.

Characteristics of this style: small (1 to 1 ½ story), low to medium-pitched hipped or gabled roof, windows may be single- or double-hung, wall cladding according to local availability, chimney, small covered front entry, and little ornamentation. This style was also prevalent on military bases for individual housing and barracks. It is likely that the veterans who built the ATTACHMENT 2
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7 hall were already familiar with this style of architecture, which was cost effective and easy to construct. This style of architecture was used as barracks and temporary construction during WW II (Figure 5). The barracks, like this example from the Golden Gate National Recreational Area, had a long rectangular shape, a low-pitched gable roof, horizontal wood siding, projecting overhang and double-hung windows.

Figure 5. WWII temporary construction type building, constructed c. 1942 (National Parks Service, Golden Gate National Recreational Area)4
Figure 6. Minimal Traditional style markers as shown on a Minimal Traditional home in Glendale, California (Glendale Design Guidelines for Residential Buildings in Adopted Historic Districts)5 The south, or front, elevation is clad in painted stucco and the remainder exterior clad in horizontal wood V-groove siding. This roof has gray asphalt composite shingles. The exposed rafters tails beneath the open eaves on the front elevation are painted the same light beige as the rest of the exterior. The fascia, eaves, doorframes, and window trim is painted a burnt sienna color that contrasts with the lighter exterior paint. An exterior light fixture is seen on this elevation (Figure 3).
4 National Parks Service. “World War II Temporary Construction”. Golden Gate National Recreational Area https://www.nps.gov/articles/ww2-tempconstruction.htm 5 Glendale, City of. “Minimal Traditional Style”, Glendale Design Guidelines for Residential Buildings in Adopted Historic District. https://www.glendaleca.gov/home/showdocument?id=12904 ATTACHMENT 2
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8 South Elevation (Front Elevation)
The south elevation features the main entrance. The front door is set into a deep recessed trapezoid space. Directly in front of the door is a large flagpole. The front entrance is on a slight incline. The door is not original and is an aluminum clad glass door with sidelights on the left.

Above the door, a framed sign reads: “American Legion, Los Altos Post 558” between two American Legion emblems. Above the framed sign is a ghost outline of a possible earlier sign that has now been removed (Figure 3). Originally, the front facade had horizontal V-groove siding as does the other elevations as seen in the 1941 photo (Figure 7). The front facade was altered around early to mid 1960’s and covered with plaster (Figure 8). The window sashes were originally wood, double-hung windows but are now sliding windows or fixed. The windows were altered at the same time as the plasterwork was done. The original wood frames and windowsills are intact, only the sashes have been changed. Below the peak of the gable, and exterior vent is a sign identifying the building.

Figure 7. Exterior view with V-groove wood siding, 1941 (Los Altos Newspaper, 1941) Figure 8. Exterior, south elevation, showing current hardscape (W. Bassett, 2021) ATTACHMENT 2
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9 Exterior – West Elevation
The west elevation is clad in horizontal V-groove wood siding in the same neutral paint color.

There are five windows in the front section and four windows in the back section. The windows appear to be aluminum framed, sliding windows that replaced the original wood double-hung sashes. The window openings, wood frames, sills and trims have remained unchanged. There are two entrances on this elevation. The closest entry, facing west has two concrete steps to access the door and the door has a side light on the left. The other entrance facing south is located on grade. Both of the doors are not original and are no commercial aluminum and glass door. The original wood door trims are still evident. Rain gutters and rainwater leader are found on the rear section. A metal roof vent sits near the connection where the read addition was added (Figure 9, Figure 10).

Figure 9. Oblique view of southwest elevations looking north (W. Bassett, 2021) Figure 10. West elevation looking north (W. Bassett, 2021) ATTACHMENT 2
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10 Exterior – North Elevation
On the rear, or north facing elevation, the light colored horizontal V-groove wood siding continues throughout. There is an exterior stairway with four risers and a landing constructed out of wood to access the rear door entry. The door is not original but is a commercial aluminum and glass door. There are four window openings that are now covered with plywood and painted to match the rest of the wall, but the windowsills are still intact. There are also utilities with connections to electrical, gas, and the security system located on this facade with meters and conduits. There is a centrally located vent at the gable peak, similar to the front facade (Figure 10).

Figure 11. Oblique view of rear (north) elevation, looking south (W. Bassett, 2021) Exterior – East Elevation
The east elevation is similar to the west elevation. It has replacement window sashes, a stepped entrance, a chimney, and horizontal V-groove wood siding. This entrance has steps facing the front entrance and a ramp facing the rear of the building constructed of wood. This side of the building is fenced off along First Street with a five-foot high metal chain-link gate. The side yard is not accessible by visitors coming from the front but is accessible from the rear. On this side, the windows are slightly different shapes, but the openings are original and most of the window sashes have been replaced with aluminum sliders. There is one small original wood double-hung window located near the door entrance. The chimney is constructed of unpainted red clay bricks. The top four courses create a decorative capital for the simple chimney shaft.

There are storage sheds placed up against the exterior wall and consist of three small structures extending beyond the footprint of the building. These additional shed or closet structures provide secure storage for items used by various clubs at the American Legion Hall (Figure 12, 13, 14, 15).

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11 Figure 12. Left: East elevation, ramp up to kitchen entrance, looking south (GA, 2021) Figure 13. Right: East elevation, original window, looking west (GA, 2021) Figure 14. Left: East elevation, looking north toward the storage closets (W. Bassett, 2021) Figure 15. Right: East elevation, looking south toward primary elevation (GA, 2021) ATTACHMENT 2
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12 Interior
The main space of the hall is a large open room with hardwood floors, paneled wainscoting and white walls in the original portion of the building. The front entry doors are sectioned off by a center wood partition with the top portion having breezeblock paneling. String lights are hung across the span of the building. The central room takes up most of the original, narrower segment of the building. The volume of space remains as originally designed with only the replacement of light fixtures. After the Loma Prieta earthquake, a building inspector found a lower roof-framing member missing. To resolve this matter, the Post had an architectural and engineering design a solution and in March, 1994 four steel braided cable cross ties were installed to both the east and west walls for support to prevent the walls to lean outward. The building permits for this work are found in Appendix D, Available Building Permits (Figure 16, 17).

Figure 16. Main hall, looking south (W. Bassett, 2021)
The south wall features a centrally located front door; there are two matching interior doors on either side of the front door. The wall is flat, suggesting that the two spaces extend beyond the wall with the front entrance. The interior ceiling levels off the gable. This ceiling features wide fluorescent fixtures with integrated wiring in the flat section. The light fixtures are not original.

The windows currently have hanging blinds installed. Looking to the west, a row of cabinets and counter space has been installed close to the side door.

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13 Figure 17. Rear of main hall, looking northwest (W. Bassett, 2021) In the space, looking north (in the 1948 addition, referred to as “The Club”) the room is wider and has a dropped paneled ceiling and recessed fluorescent lighting. This room is long but irregular, as the kitchen takes up some of the rectangular space. The floor in the rear room has wider and darker planks. The north wall shows no signs of the covered windows, suggesting that the windows were installed before this finished wall. This room has a central white column that supports the interior frame. On the east part of the room looking north the room has two ceiling heights. The building uses this height difference and structural beam to place a display shelf and lighting (Figure 18).

Figure 18. View of rear meeting room, looking northwest (W. Bassett, 2021) ATTACHMENT 2
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14 The American Legion space also has a commercial kitchen with an exit on the eastern side of the building at the rear addition (Figure 19).

Figure 19. Commercial kitchen space in rear section on eastern side, looking northeast (W. Bassett, 2020) ATTACHMENT 2
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15 Chapter 2

HISTORICAL BACKGROUND /

CONTEXT

LOS ALTOS HISTORIC CONTEXT
The first people to make the Santa Clara Valley their home were the Ohlone, who lived in semipermanent villages ranging from the Carquinez Strait in the north to Monterey Bay in the south.

The valley provided rich foraging and hunting along the many streams and rivers that flow into San Francisco Bay.

With the coming of the Spanish to the region following Gaspar de Portolá’s expedition, life in the valley began to orient toward the Missions and settlements at Santa Clara and San Jose, respectively. Large land grants known as Ranchos were awarded to Spanish settlers who began to raise cattle in large numbers. Cattle ranching were to remain the Santa Clara Valley’s major industry until well into the 19th century, even as Mexican independence and the Mexican American War began to bring changes to the region.

Following the conclusion of the Mexican-American War in 1848, California became a territory of the United States, then the 31st state in 1850. With the discovery of gold in 1848, California was a draw to thousands of migrants. By the 1850’s, failing to strike it rich or simply seeking a more reliable form of income, many began to settle in the southern Santa Clara Valley and began to grow wheat, which until then had been imported to California. The valley soon became an agricultural center, with small towns springing up along the old Camino Real, which ran north from Monterey.

Los Altos is translated to mean “the heights” or “foothill” in Spanish. The following excerpts come from a variety of sources. Please refer to footnotes for sourcing the following context information.

Los Altos comprises a portion of what was the La Purissima Conception Rancho and Rancho San Antonio and later, after the adoption of the State constitution in 1849 and the official creation of Santa Clara County in 1851, a portion of the Fremont Township.

In the early rancho days, much of the Santa Clara Valley was used for cattle grazing.

This activity later gave way to wheat and grain fields in the 1860s and 1870s. Mountain View was the principal settlement in the area and grew primarily as a result of the old Mountain View Station, a stage stop located along the San Francisco-San Jose Stage ATTACHMENT 2
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16 Road. This route today is known as El Camino Real.

When the Southern Pacific railroad came through in 1864, the line was located about a mile from Mountain View Station, bypassing what was known as Old Mountain View (near present day Calderon). The “New Mountain View” was officially laid out in 1865 at the present downtown area along Castro Street. Settlement in and around Los Altos area grew as a result of the railroad and Mountain View was the center for all business activity for these early residents. One early name is that of Charles Berry, who according to Sawyer’s History of Santa Clara County; was one of the earliest inhabitants of the area, arriving just prior to the railroad. Berry is said to have purchased 15 acres of the Taaffe Ranch and immediately planted it in fruit.

According to the Thompson and West Historical Atlas of 1876, Santa Clara County comprised some 578,850 acres. Nearly half of this was cultivated and included some 170,000 acres of wheat growing alone. The 1890 Sunshine, Fruit and Flowers publication of the San Jose Mercury Newspaper describes much of the area north of Mountain View as being planted in wheat fields with the area west and south devoted to orchards. Prior to this time, it appears that most land was used for grain growing; in 1875 some 2,000 acres in the county are listed-as vineyards and wineries.

Other accounts describe the Mountain View area as having some 22 wineries, including that of John Snyder. In 1875, over 182,000 gallons of wine were produced in the county, with an additional 45,000 gallons of brandy the same year. The Snyder Ranch was one of the largest in the area comprising 700 acres. Others include the Campbell Ranch (the present-day Rancho Shopping Center) encompassing 150 acres, the Taaffe Ranch, the Madigan Ranch, and the Emerson Ranch. It is clear that by the end of the nineteenth century, smaller farms began to appear and the large ranches, which were largely in grain, began to give way to smaller subdivisions and orchards.

By 1890, according to Eastman’s History of the Los Altos Area, smaller ranches were producing as “much as 200 dollars per acre from prunes, apricots, peaches, cherries, pears and other fruits.” The properties were lived in year-round by their occupants and represent a phase in this history of the community that emphasizes farming as the means of livelihood. This activity predates the later relocation of San Francisco businessmen and their families to town after 1907. After the official establishment of the town, businesses in Los Altos grew and the beginning of residential subdivisions began to take over the orchard land use.6
Change in land ownership by the turn-of-the-century in the Los Altos area began to have an impact on land usage and development. Some 600 acres of the Loyola Tract were sold to the University of Santa Clara as a relocation university site. By 1906, big ranches were sold off in smaller parcels of approximately 40 to 100 acres. Many of these lots were bought by professors from the newly formed Stanford University (1891), according to Eastman’s account. Mrs. Winchester, the widow of the Winchester rifle manufacturer, purchased the present site of Los Altos.

Los Altos followed the same pattern as other larger cities [where land companies associated with a railroad bought up land in developing, formerly rural areas]. A 6 City of Los Altos, “City of Los Altos Historic Resources Inventory Report” (Santa Clara County, Calif., 2012), Context 2: Agriculture 1850 to 1940.

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17 typical scenario was that of a transportation official privately purchasing large tracts of undeveloped land and then subdividing the land after the development of a transit line. In Los Altos, Southern Pacific president, Paul Shoup, and his brother, Southern Pacific attorney, Guy Shoup, bought a right-of-way from Palo Alto through Los Altos to run a connecting line through Los Gates and points south. On October 19, 1907, the Altos Land Company was incorporated with L. E. Petree as Secretary. The University Land Company was also incorporated on exactly the same day with Petree as Secretary. Paul Shoup served as a director of the Altos Land Company; there is no documentation showing the directors of the University Land Company. Both companies had as their objective the layout and subsequent sale of lots in the newly laid out town of Los Altos.

Prior to the land company incorporation, the San Jose-Los Gates Interurban Electric Railway Company had acquired 100 acres of land from Sarah Winchester for the proposed route of the railway and town-site of what was then called “Banks and Braes.” The company was shortly thereafter acquired by Southern Pacific’s newly created subsidiary known as the Peninsular Railway with the stipulation that the Altos Land Company would lay out the lots for the town-site, and the town name changed to a Los Altos in 1907.

The Southern Pacific had already established its line from Mayfield through Los Altos and Saratoga on to the final destination of Santa Cruz. The Peninsular Railway, the suburban electric route, built its line from Mayfield to San Jose. According to McCaleb’s Tracks, Tires, and Wires, the line was formally dedicated on April 12, 1908 when two Southern Pacific steam trains brought prospective lot buyers to a land sale and barbecue in Los Altos. Regular service was established on April 19, 1908 with five trains per day passing through Los Altos. With the establishment of this regular rail service, more families could move outward into the “country,” and many promotional brochures haled this new lifestyle available to the middle-class. Lot prices ranged from $400 to $650 and homes could be built from $2,000 to $4,000. This era marks the beginning of small fruit farmers occupying 10-acre lots. With the movement of families to the Los Altos area, comes the development between 1910 and 1930 of many small subdivisions and the establishment of additional roadways.7
By 1911 there were 50 homes in Los Altos and a few office buildings and stores on Main Street. Twelve steam trains a day stopped at the two-boxcar railway station.

Eschenbreucher's Hardware Store, now 316 Main Street, was the first business in town and also housed the post office. Los Altos Water Company, Los Altos Building and Loan, Union Land Company and the railroad company all occupied offices in downtown Los Altos. In 1909, the two-story Shoup Building at Main and Second streets, housed a grocery store downstairs while upstairs one teacher taught all eight grades of the first public school classes in Los Altos.8
7 City of Los Altos, “City of Los Altos Historic Resources Inventory Report” (Santa Clara County, Calif., 2012), Context 5: Agriculture 1850 to 1940.
8 Los Altos Chamber of Commerce website: History of Two Cities - Los Altos Chamber of Commerce, CA. Accessed 8/9/2021
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18 INSTITUTIONAL AND COMMERCIAL ARCHITECTURE 1907 TO 1940 The following is also excerpted from the 2012 City of Los Altos Historic Resources Inventory.

Many believe that the real beginning of Los Altos started with the Altos Land Company and acquisition of Sarah Winchester’s 100 acres in 1906. This land became what is known today as the downtown triangle.9
This is the location where the Veteran’s Hall was constructed at the edge of downtown, but inside of the triangle shaped plot of land that once belonged to Sara L. Winchester and then acquired by Paul Shoup and his Altos Land Company (Figure 20).

Figure 20. 1906 Map of Los Altos, depicting Sara L. Winchester land (Paul Shoup House National Register Nomination, 2011)
The earliest account, dated August 2, 1906, was found in the Palo Alto Times in an article describing the purchase of the 100 acres mentioned above by the Interurban Electrical Railway for a right-of-way. It mentioned the creation of a new town-site to be called “Banks and Braes.” Just when the name was changed to Los Altos in unknown, but we do know that the Altos Land Company and the University Land Company were formed in 1907. The October 2, 1913 issue of the Mayfield News, however, describes the town-site as being sold again and placed solely into the hands of Paul Shoup and George Herbert, a 9 City of Los Altos, “City of Los Altos Historic Resources Inventory Report” (Santa Clara County, Calif., 2012), Context 3: Residential Architecture 1907 to 1940.

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19 San Jose fruit packer. The deal is described as one of the most important real estate transactions in Santa Clara County. 10
The development of civic organizations, schools, and clubs began shortly after the creation of the new town-site. Few resources are remaining today in Los Altos from the early days of the community, but other resources will become significant as more years go by. Civic organizations, such as the Los Altos Men’s Club or the Garden Club, are recorded in detail in Joe Salameda’s Los Altos Memories, which is available at the Los Altos History Museum or the Los Altos Library.11
With the establishment of the town-site came the beginnings of commercial development in Los Altos. The first building to locate on Main Street is the well-known Eschenbruecher hardware store in 1908 (316 Main Street), followed by the Shoup building (300 Main Street). The Shoup building was the first grammar school location as well as the meeting place for the local Boy Scouts. The Altos Land Company occupied a building at the comer of Main and First (388-398 Main Street). The Copeland building sits across Main Street (395-399 Main Street). All four buildings were constructed by 1911 and all are Los Altos City Designated Landmarks. Perhaps the most significant building within the commercial context is the Los Altos Railroad Station (288 First Street). Built in 1913 by the Architectural Bureau for Southern Pacific, the railroad station represents the real force behind the development of the town. The railroad station is a City Designated Landmark and appears eligible for listing on the National Register.12 As Paul Shoup envisioned, Los Altos grew and prospered. The business community thrived, and orchards gave way to beautiful tree-lined residential streets. Following World War II, Los Altos experienced a boom in home construction and new schools were built in rapid succession to accommodate the expanding student population.13 Lying roughly between San Francisco and San José, workers commenting by rail or private automobile were attracted by the rural bucolic qualities of Los Altos. The construction of the Bayshore Freeway (modern U.S. 101) in 1937 further changed land use patterns and transportation networks in the Santa Clara Valley. After World War II, a construction and population boom took place in Los Altos and statewide; anxious about annexation by neighboring cities, residents approved the incorporation of the City of Los Altos in 1952.14 Incorporation of the City of Los Altos occurred at the Legion Hall, Post 558.15
10 Ibid, Context 3: Residential Architecture 1907 to 1940. 11 Ibid, Context 4: Institutional Development 1907 to 1940. 12 Ibid, Context 5: Commercial Development 1907 to 1940. 13 Los Altos Chamber of Commerce website: History of Two Cities - Los Altos Chamber of Commerce, CA. Accessed 8/9/2021
14 Hibma and Long of LSA (firm), Historical Context for the First Street Survey, 2017. 15 Robin Chapman, “Santa Clara Valley Lives: Historical Los Altos American Legion Works on Landmark Building Status,” Los Altos Town Crier, March 25, 2020. Accessed 9/9/2021.

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20 Post-World War II development in the Valley mirrored nationwide trends and the region’s population and development increased markedly. It was during this time that the county began to undergo a dramatic shift from its agricultural past to a largely suburban present.

The town leaders in Los Altos, fearing annexation by neighboring cities, realized that incorporation was one way to control zoning and development. After a bitter campaign and an incorporation election, Los Altos became Santa Clara County's 11th city on December 1, 1952.16 The “Valley of the Heart’s Delight” has since given way to “Silicon Valley,” the economic focus now centering largely on technological innovation.

VETERAN’S HALL HISTORY
The following information was taken from the American Legion website:

The American Legion was chartered by Congress in 1919 as a patriotic veterans organization. Focusing on service to veterans, service members and communities, the Legion evolved from a group of war-weary veterans of World War I into one of the most influential nonprofit groups in the United States. Membership swiftly grew to over 1 million, and local posts sprang up across the country. Today, membership stands at nearly 2 million in more than 13,000 posts worldwide. The posts are organized into 55 departments: one each for the 50 states, along with the District of Columbia, Puerto Rico, France, Mexico and the Philippines. Over the years, the Legion has influenced considerable social change in America, won hundreds of benefits for veterans and produced many important programs for children and youth.

Sept 16, 1919 Congress charters The American Legion.17
The American Legion Hall contributed to the beginning formation of the City of Los Altos and has been instrumental to the growth of the city and functioned as Los Altos’ city hall building.

The building served as a social and governance gathering place. The first Los Altos Citizens Association gathered at the post in March 1949 to create the City of Los Altos. In June 1949 the first Los Altos Town Forum was held to implement the planning for the incorporation of the City of Los Altos. The meeting to determine the boundaries of the City of Los Altos took place in September 1950. In addition the Legion Post 558 has served many organizations, non-profits and private individuals as a gathering place. A partial list includes:

Los Altos Youth Programs and the Youth Boys California State Organization Parent-Teacher Associations
Card Players Associations
California Red Cross, Nurse Associations and First-Aid meetings Local Fire Department
Home Defense Meeting
Civilian Defense meetings
Garden Club organizations
Los Altos Citizens Association meetings
16 Los Altos Chamber of Commerce website: History of Two Cities - Los Altos Chamber of Commerce, CA. Accessed 8/9/2021
17 “History | The American Legion,” accessed September 9, 2021, https://www.legion.org/history.

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21 Chapter 3

SITE EVOLUTION AND

CONSTRUCTION

CHRONOLOGY

SITE DEVELOPMENT AND OCCUPANCY
Much of the below information was gathered from a variety of sources, including the information collected by Legion Post 558 members William Bassett and Ken Newman. Items are footnoted where appropriate. See Appendices A, D, E, F for aerial photographs, building permits, deeds, and historical photos.

The latest Sanborn map is from 1932, where the subject property was located, but it is empty during that time. Early aerial photographs dating to 1930, 1939, 1941, 1943, 1956 and 1964 clearly show the 347 First Street property and the surrounding orchard lands prior to 1943. The 1943 USGS aerial map depicts a building on the site and is presumably the Legion Hall.

Prior to the Hall’s construction, the site was originally part of Sarah L. Winchester’s ranch land (Figure 20) and then owned by Paul Shoup and the Altos Land Company. The downtown triangle, especially that section was likely valuable, due to its proximity to the train station. The aerial photograph from 1956 depicts a significant increase in development of the neighborhood with new houses and increased density in the urban core. During this period, the original setting of 347 First Street has significantly been altered as the area transitioned from rural to suburban (Appendix A: Aerial Photographs).

The property was purchased in 1940 and construction began immediately by the legionnaires themselves. The building was occupied by 1941 with the rear addition constructed in 1948. At that time, the surrounding neighborhood was rural and even the lot had mature landscaping, pine trees and other shrubbery, plants within the front setback and along the west side of the building. There has only been one owner for the property, but the setting has changed. The neighborhood has changed from rural to suburban and the entire property itself is now covered with hardscape surrounding the building.

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22 Initial Planning
World War I veterans built the American Legion Los Altos Post 558 in 1940.

The process began in 1938, when army veterans headed by Jack Welch submitted their application to form a Legion post in March and it was approved by December of that year.18 19 By January 1939, the post was hosting community functions and had formed committees. These functions were based out of Scout Hall.20 In April of 1939, the Post 558 received its official charter.21
In March of 1940, it was announced that Post 558 was building a “home of its own” after receiving building permits and purchasing the lot. The below section is taken from The Los Altos News (March 21, 1940):

The building will be one of one story and will include a meeting hall, an office, a storeroom, rest rooms, and a kitchen. While the hall will be primarily a Legion Home, it will be large enough for good-sized dances or card parties… It is hoped it may be the scene of many community activities. There will be a good hardwood dance floor. All the construction work will be done by Legionnaires, which is something not every Post could accomplish. That the building will architecturally be a credit to the town goes without saying. The Post obtained a building permit from the county board of supervisors about a month ago, before they had actually concluded purchase of the lot. The comrades wanted to be sure of their permit.

Willow Glen Post went merrily ahead, several years ago and purchased a lot, only to find them refused a permit to build. Lieut. John Howard Post took no such changes. They have their lot. They have their building permit. They will soon have their building, in which every one in Los Altos will share in spirit.22 Construction
The building plans were getting finalized and bids for the materials were being sought by April 1940. The building was designed in the Minimal Traditional style that was typical of military buildings built between 1935-1955 with front gable roof, double hung windows and few architectural detailing. Being that the subject building was designed and constructed by WWI army veterans, they would be familiar with this style of architecture (Figure 21).

A financing plan was announced to finance the building. The plan was to sell promissory notes of difference classes in denominations of $2 in 1940 dollars. These different classes were divided into the community, legionnaires, and legionnaires who worked on the construction of the building. 23 The entire cost of materials was $3,300 in 1940 dollars, 18 (1938, March 11). Los Altos Welcomes New Legion Post. Los Altos News. 19 (1938, December 15). Report on New Local American Legion Post is Made. Los Altos News. 20 (1939, January 12). Local Legion Post Formally Installed Here, Tuesday. Los Altos News. 21 (1939, April 20). Local Legion Post Receives Charter. Los Altos News. 22 (1940, March 21). Legion Post Will Build “Own Home“ on First St. Los Altos News. 23 (1940, April 4). Legion Post To Send Local Youth To ‘Boy’s State’ - Arrange For Financing Building At Tuesdays Meeting.

Los Altos News.

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23 compared to $62,514.52 in 2021 dollars.24 Construction began on April 18, 1940, on the Post’s anniversary of the presentation of its charter.25 Figure 21. 1940 photo depicting the Legion Hall under construction by war veterans (American Legion Hall Post 558, Historic Resource Application, Nov. 2019) Early Use and Hall Functions during WWII
By January 1941, Legion meetings were being held at the Post Hall, and the “compact white building on First Street” was dedicated on February 7, 1941.26 In December 1941, Guy Shoup, an attorney, Red Cross Chairman, and the brother of Paul Shoup, held a special meeting of the Red Cross at the Post Hall to mobilize the community as a reaction to the events at Pearl Harbor.27 In 1942, the Hall “offers rent free use of Hall for organizations connected to Defense” and has a “’complete black-out’ for civil defense purposes.” While also hosting the same types of community events as before, like card parties and Parent-Teacher Association (PTA) events. 28 Ticket sales to these more usual events were supposed to help continue to fund the operations of the building and thus support the broader war effort.29 The community continued to use the Hall in this fashion throughout the war.30
1948 - Addition
24 “US$3300 (1940 US Dollars) - Wolfram|Alpha,” accessed 9/9/2021. 25 (1940, April 18). Work on New Legion Home, Starts Today. Los Altos News. 26 (1941, January 23). Legion Hall Dedication on Feb. 7. Los Altos News. 27 (1941, December 11). Shoup, Guy V. Special Meeting of L.A. Red Cross Tonight. Los Altos News. 28 (1941, October 16). Legion Hall Setting for P.T.A. Play Day. Los Altos News. 29 (1942, January 8). Legion to Sponsor Card Party Jan. 22. Los Altos News. 30 (1942, January – December) Headline Clippings. Los Altos News. Collected by W. Bassett and K. Newman for 2019 Application.

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24 In 1948, Post 558 added a 42 ft. x 50 ft. addition to the rear of the original building. This addition is referred to as “the club.” Sanborn maps do not cover this area since the town was unincorporated at the time. Both historic ground level and aerial photos show that the addition was constructed between 1948 and 1953 (Appendix A: Aerial Photographs). Building permits also note the addition as well (Appendix D).

Late 1940’s – 1950’s – Incorporation and Civic Center
The first meeting of the Los Altos Citizens Association convened on March 1949 to begin the process to incorporate the City of Los Altos (Figure 22).

In 1949, the Los Altos Citizens Association uses Legion Hall for planning meetings.31 Prominent members of the community partake in these in order to “address problems facing the incorporated Los Altos and Los Altos Hills” and this includes the future Senator Alan Cranston.32 What started as association meetings, become Town Forums held at the hall to discuss plans for making Los Altos its own city.33 In September of 1950, City Incorporation meetings are being held at Legion Hall.34 Prior to the process of incorporation, the Hall was given two different addresses, which accounts for the assessor’s office listing it at 337 First Street and the Hall itself addressing itself at 347 First Street.35
Figure 22. 1949 photo depicting the Los Altos Citizens Association at the Legion Hall (American Legion Hall Post 558, Historic Resource Application, Nov. 2019) 31 (1949, February 3). Citizens’ Group Officers Nominated. Los Altos News. 32 (1949, March) Peek into the Past- The first meeting of the Los Altos Citizens Association. Los Altos News. 33 (1949, June 23) Forming Planning District Discussed. Los Altos News. 34 (1950, September 21) Boundaries to be Fixed. Los Altos News. 35 Bassett, 347 First Street Application for Los Altos Historical Designation, 2019.

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25 The City of Los Altos officially incorporated on December 1, 1952, becoming the eleventh city in Santa Clara County. Legion Hall continued to be utilized as the city’s main gathering space and functioned as the town hall until the Civic Center was completed in 1959.

The newly incorporated City of Los Altos decided it had outgrown having only one main gathering space. In 1954, the City of Los Altos purchased a site on San Antonio Rd from J.

Gilbert Smith. The 10.44-acre lot was an apricot orchard. Ernest J. Kump, a modernist designer known for school designs, designed the Los Altos “Civic Center” in 1957. By 1958, Civic Center was a jointly built campus for the new city’s community center and the police station. The groundbreaking ceremony was Tuesday, May 27, 1958. In July 1959, construction was complete on the Civic Center, located on the corner of Edith Avenue and San Antonio Road and was occupied shortly after that.

Whitecliff Market Temporary Relocation
A fire damaged Whitecliff Market, located across the street from Legion Hall 558.

Whitecliff Market, at Main and First Streets, burned down in what is described as “the worst fire in Los Altos history” in 1966.36 Given its community importance and central location in the downtown triangle, the City moves the Legion to an alternate meeting place and the Hall hosted the market while the store was rebuilt.37 Early 1990’s Building Refurbishments
In December 1990, the roof on Legion Hall 558 was replaced with new composition tiles. In 1993, an additional layer of composition tiles was reapplied to the roof. Later that year, a structural assessment was made and determined that a roof member was missing due to the Loma Prieta earthquake. Both an architecture and engineering firm proposed the installation of four steel braided cable cross ties both the east and west walls for support and to prevent the walls to list outward. (Appendix D: Building Permits)
President Carter’s Visit
On May 4, 2001, President Jimmy Carter spoke at a Packard Foundation event sponsored at Legion Hall.38
Previous HRIs: 1997, 2008, and 2012
The City of Los Altos conducted Historic Resource Inventories (HRI) in 1997, 2008 and 2012.

While undergoing an HRI in 1997, the City offered American Legion Post 558 a “Historical Designation,” but the offer was not accepted. 347 First Street is not recognized as an historic resource on the 1997 survey. A survey of the building was completed for 347 First Street by Circa Property Development as part of the 2008 Historic Resource Inventory and did not identify the property as a historic resource. A Historic Resource Inventory was completed in 2012, and 347 First Street was not recognized as an historic resource in that survey.

The Legion Hall at 347 First Street continues to provide a space for both the Legion’s Veteran members and the broader Los Altos community. The Legionnaires continue to conduct their 36 Don McDonald, “Los Altos Viewed Flaming Sky on Night of 1906 Earthquake: Early Los Altos,” Los Altos Town Crier, April 27, 2005, Accessed 9/9/2021.
37 Chapman, “Santa Clara Valley Lives: Historical Los Altos American Legion Works on Landmark Building Status,” Los Altos Town Crier, March 25, 2020. Accessed 9/9/2021. 38 Los Altos Town Crier Staff, “Los Altos Veterans Look to Preserve Hall with Historical Designation,” Los Altos Town Crier, February 5, 2020, Accessed 9/9/2021.

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26 meetings and activities on site as well as hosting other Los Altos community activities including athletic classes, community meetings, social gatherings, weekly martial arts classes, Boy Scouts, local club gatherings and large family gatherings for funerals and quinceañeras (girl’s 15th birthday celebrations).

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27 CONSTRUCTION CHRONOLOGY
The exact start of construction date of 347 First Street is April 18, 1940. It was constructed by local legionnaires, World War I Veterans. In 1948, an addition was added to the rear (north) end of the original gabled building. The original section of the building is identified as the “Hall” and the new section is identified as the “Club”. In 1993, a structural engineering report made recommendations for adding crossties to the walls for support, and that work was completed in August of the same year.

Date Owner Alteration
February,
1940
American Legion, Post 558 Building permits obtained from the county board of supervisors, before conclusion of
property purchase
March, 1940 American Legion, Post 558 Property purchased for American Legion Post 558 by March 21, 1940, refer to page 19 for more
information
4/18/1940 American Legion, Post 558 The construction of the Legion Hall begins and built by local legionnaires
1/16/1941 American Legion, Post 558 Legion Meetings hosted at new hall building 2/7/1941 American Legion, Post 558 Lieut. Col. John Howard, Post 558 is dedicated 1953 American Legion, Post 558 The building was repainted 08/03/1948 American Legion, Post 558 Official Deed granted to Post 558 for the purchase of lot 27, block 12 (Appendix E: Deed)
1948 American Legion, Post 558 The building is extended in 1948 by the addition of “The Club,” 42 ft. x 50 ft. on the rear end
1960-1966 American Legion, Post 558 Sometime prior to 1966, the plaster finish was added to the front facade, the sashes of the
double hung windows were replaced and the
concrete was laid in the front yard
12/12/90 American Legion, Post 558 The exiting composite roofing is removed and new composite roofing material is applied
6/03/93 American Legion, Post 558 An additional layer of composition roofing is laid over the existing composition roof (2-layer
maximum)
7/30/93 American Legion, Post 558 A building permit was granted on 8/10/93 to correct the structural inadequacies due to the
Loma Prieta Earthquake
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28 Date Owner Alteration
Structural engineering report finds that a lower
member of the roof frame is missing; Cross tie
cables were installed to prevent the walls to
lean outward
8/10/93 American Legion, Post 558 Additional seismic upgrade to the building was completed.

OWNERSHIP/OCCUPANT HISTORY
Date Range Owner Notes
March, 1938 American Legion, Post 558 Application to charter Los Altos Post forwarded to National headquarters by organizer, Howard
A. “Jack” Welch
November,
1938
American Legion, Post 558 Temporary American Legion Post 588 charter was approved and signed by National and State
Commanders
1940 American Legion, Post 558 American Legion, Post 558 submit building permits and complete purchase of lot
2/7/1941 to
Present
American Legion, Post 558 Lieut. Col. John Howard, Post 558 is dedicated and the owners are the American Legion, Post
558 and remain so today
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29 Chapter 4

EVALUATION FRAMEWORK

THE NATIONAL REGISTER CRITERIA FOR EVALUATION
The National Register of Historic Places (NRHP) is the nation’s master inventory of known historic resources. It is administered by the National Parks Service (NPS) in conjunction with the State Historic Preservation Office (SHPO). The National Register includes listings of buildings, structures, sites, objects, and districts possessing historic, architectural, engineering, archaeological, or cultural significance at the national, state, or local levels. The National Register criteria and associated definitions are outlined in the National Register Bulletin Number 15: How to Apply the National Register Criteria for Evaluation. The following is quoted from National Register Bulletin 15:

Criteria
Generally, resources (structures, sites, buildings, districts, and objects) over 50 years of age can be listed in the National Register provided that they meet the evaluative criteria described below. Resources can be listed individually in the National Register or as contributors to an historic district. The National Register criteria are as follows:

A. Resources that are associated with events that have made a significant contribution to the broad patterns of history;
B. Resources that are associated with the lives of persons significant in our past; C. Resources that embody the distinctive characteristics of a type, period, or method of construction, or that represent the work of a master, or that possess high artistic values, or that represent a significant or distinguishable entity whose components may lack individual distinction; or
D. Resources that have yielded or may likely yield information important in prehistory or history.

THE CALIFORNIA REGISTER CRITERIA FOR EVALUATION
The California Register of Historical Resources (CRHR) is the official list of properties, structures, districts, and objects significant at the local, state, or national level. California Register properties must have significance under one of the four following criteria and must retain enough of their historic character or appearance to be recognizable as historical resources and convey the reasons for their significance (i.e. retain integrity). The California Register ATTACHMENT 2
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30 utilizes the same seven aspects of integrity as the National Register. Properties that are eligible for the National Register are automatically eligible for the California Register. Properties that do not meet the threshold for the National Register may meet the California Register criteria.

1. Associated with events that have made a significant contribution to broad patterns of local or regional history, or cultural heritage of California or the United States;

2. Associated with the lives of persons important to the local, California or national history;

3. Embodies the distinctive characteristics of a design-type, period, region, or method of construction, or represents the work of a master, or possesses high artistic value; or

4. Yields important information about prehistory or history of the local area, California or the nation.

CRHR criteria are similar to National Register of Historic Places criteria, and are tied to CEQA, so any resource that meets the above criteria, and retains a sufficient level of historic integrity, is considered an historical resource under CEQA.

CITY OF LOS ALTOS HISTORIC PRESERVATION CRITERIA FOR LANDMARK

DESIGNATION
Under municipal code 12.44.040 - Criteria for designation, a structure, property or object may be eligible for designation as a historic resource or historic landmark, if it/they satisfy each of the three criteria listed below:

A. Age.

B. Determination of Integrity.

A structure or property should retain sufficient historic integrity in most of the following areas:

1. Design: The combination of elements that create the form, plan, space, structure and style of a property.

2. Setting: The physical environment of a historic property.

3. Materials: The physical elements that were combined or deposited during a particular period of time and in a particular pattern or configuration to form a historic property.

4. Workmanship: The physical evidence of the crafts of a particular culture or people during any given period in history or prehistory.

5. Feeling: A property's expression of the aesthetic or historic sense of a particular period of time.

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31 C. Historic Significance.

A structure or property should be clearly associated with one or more of the following areas of significance:

2. Person/People: Associated with the lives of persons important to the local, California or national history;

3. Architecture/Design: Embodies the distinctive characteristics of a design-type, period, region or method of construction, or represents the work of a master or possesses high artistic value; or

4. Archaeology: Yields important information about prehistory or history of the local area, California or the nation.

The city’s historic resource evaluation methodology, which provides more details about the above listed criteria, is available from the planning division (Ord. No. 2011-363, § 1, 3-8-2011; Ord. No. 2017-437, § 1, 3-13-2018).39
Once the historical commission has received an application for a proposed designation, additional criteria is applied and is listed below under municipal code 12.44.070 - Historic landmark designation. This ordinance of the City of Los Altos amends Chapter 12.44, Historic Preservation, of the Los Altos Municipal Code. The two criteria are listed below:

C. The commission shall make a recommendation to the city council on the proposed designation. In order to make a positive recommendation, the commission shall make the following findings:

1. That the proposed historic landmark satisfies the three criteria outlined in Section

12.44.040; and

2.That the proposed landmark has special historical, cultural, archeological, scientific, architectural or aesthetic interest or value as part of the heritage or history of the city, the county, the state or the nation.

The city’s historic resource evaluation methodology, which provides more details about the above listed criteria, is available from the planning division (Ord. No. 201-437: Historic Preservation Code Amendments).40
39 Los Altos Code of Ordinances, Title 12, Chapter 12.44, Article 2 accessed online: http://losaltosca.elaws.us/code/coor_title12_ch12.44_art2_sec12.44.040 40 City of Los Altos Ordinance No. 2017-437; historic Preservation Code Amendments accessed online https://losaltos.granicus.com/MetaViewer.php?view_id=7&clip_id=1308&meta_id=53994 ATTACHMENT 2
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32 HISTORIC INTEGRITY
When evaluating a resource for the NRHP or CRHR, one must evaluate and clearly state the significance of that resource to American history, architecture, archaeology, engineering, or culture. A resource may be considered individually eligible for listing in the NRHP or CRHR if it meets one or more of the above listed criteria for significance and it possesses historic integrity. If a property is found to meet one or more of the significance criteria it also must retain sufficient historic integrity to convey its significance. The following seven aspects that define historic integrity are applied to properties found to be eligible for the NRHP and CRHR:
- Location. The place where the historic property was constructed or the place where the historic event occurred.
- Design. The combination of elements that create the form, plan, space, structure, and style of a property.
- Setting. The physical environment of a historic property. - Materials. The physical elements that were combined or deposited during a particular period of time and in a particular pattern or configuration to form a historic property. - Workmanship. The physical evidence of the crafts of a particular culture or people during any given period in history or prehistory.
- Feeling. A property’s expression of the aesthetic or historic sense of a particular period of time.
- Association. The direct link between an important historic event or person and a historic property.

To retain historic integrity, a resource should possess several of the above-mentioned aspects.

The retention of specific aspects of integrity is essential for a resource to convey its significance.

Comparisons with similar properties should also be considered when evaluating integrity as it may be important in deciding what physical features are essential to reflect the significance of a historic context. If a property is determined to not be eligible or individual listing on the NRHP or CRHR, then it will not be evaluated for historic integrity.

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EVALUATION FINDINGS

NATIONAL REGISTER OF HISTORIC PLACES (NRHP) / CALIFORNIA REGISTER OF

HISTORICAL RESOURCES (CRHR)
This section uses the historic information discussed above to evaluate the property at 347 First Street in Los Altos for historic significance and for local landmark designation. The CRHR uses generally the same guidelines as the NRHP (developed by the National Park Service); as such, selected language from those guidelines will be quoted below to help clarify the evaluation discussion.

To be potentially eligible for individual listing on the NRHP/CRHR, a structure must usually be more than 50 years old, must have historic significance, and must retain its physical integrity.

The subject building at 347 First Street was constructed in 1940 and is more than 50 years old, therefore meets the age requirement. In terms of historic significance, the NRHP/CRHR evaluates a resource based on the following four criteria:

Criterion A/1: Event
As stated by the National Park Service (NPS), this criterion “recognizes properties associated As stated by the National Park Service (NPS), this criterion “recognizes properties associated with single events, such as the founding of a town, or with a pattern of events, repeated activities, or historic trends, such as the gradual rise of a port city's prominence in trade and commerce.”41 When considering a property for significance under this criterion, the associated event or trends “must clearly be important within the associated context: settlement, in the case of the town, or development of a maritime economy, in the case of the port city…Moreover, the property must have an important association with the event or historic trends”42 The building at 347 First Street began construction in 1940 and was dedicated in 1941 during a period when Los Altos was not yet an incorporated city. The property purchase, building construction and dedication ceremony were all published on the front pages of The Los Altos News. The application to the American Legion Headquarters for a charter for a Los Altos post occurred on March 11, 1938 by organizer Howard “Jack” Welch. A temporary charter was approved by the American Legion headquarters on November 29, 1938 and finalized on December 15, 1938. The Legion Hall building at 347 First Street was not yet constructed and Post 558 held temporary quarters. The legion purchased the subject property in 1940 and 41 U.S. Department of the Interior, National Park Service, Cultural Resources staff, “How to Apply the National Register Criteria for Evaluation,” National Register Bulletin, no. 15 (1990: revised for internet 1995). 42 Ibid.

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34 construction began immediately. In fact, Post 558 obtained the permit prior to completing the purchase of the land from Altos Land Company. At this time, the town was an unincorporated area with the central business district located near today’s intersection of Foothill Expressway and Main Street, close to the subject property. With nowhere for the townspeople to meet, the Legion Hall, Post 558 at 347 First Street became the central meeting area for all of the towns’ political, civic, and social events.

Legion Hall was instrumental in the formation of the City of Los Altos. The Hall functioned as the town’s de facto town hall building and held town forum meetings. Future Senator Alan Cranston and other prominent members of Los Altos met there regularly. Legion Hall was the meeting place for all the city functions prior to Los Altos becoming an official city of Santa Clara County. By 1949, many Los Altos residents were dissatisfied with the zoning policy of Santa Clara County, and there was a constant threat of annexation by neighboring Palo Alto and Mountain View, so the citizens of Los Altos decided to incorporate. On December 1, 1952, Los Altos became the eleventh city of Santa Clara County. It was determined that the new city needed an official town hall. The City of Los Altos awarded modernist designer Ernest J. Kump the design for the Civic Center, which is a campus that includes municipal functions like City Hall and the town’s main library branch. The Civic Center began construction in 1958 and was completed and occupied in 1959.
347 First Street is most closely associated with the area’s transition from an unincorporated town to become the incorporated city “Los Altos” and to the broad pattern of development of Los Altos and of Santa Clara County. The building functioned as the town hall building from 1940 up until the time that the Civic Center was occupied in 1959. The Legion Hall was instrumental in the formation of the City of Los Altos as it functioned as its town hall building and held town forum meetings and Senator Alan Cranston and other prominent members of Los Altos met there regularly. The subject property is associated with events, repeated activities and to the development trends of Los Altos to qualify it as significant under criterion A/1. The subject property has been found to have a particular or important association with all of the towns’ activities and events until the late 1950’s, when other gathering places and the Civic Center are built. Construction of the Civic Center began in 1958 and occupation began in 1959.

The subject property is associated with the development trends and activities of the town of Los Altos, so Garavaglia Architecture, Inc. does find 347 First Street to be eligible for consideration for the NRHP/CRHR under criterion A/1 at any level for association.

Criterion B/2: Individuals
This criterion applies to properties associated with individuals whose specific contributions to history can be identified and documented. The NPS defines significant persons as “individuals whose activities are demonstrably important within a local, state, or national historic context.

The criterion is generally restricted to those properties that illustrate (rather than commemorate) a person's important achievements. The persons associated with the property must be individually significant within a historic context.” The NPS also specifies that these properties “are usually those associated with a person's productive life, reflecting the time period when he or she achieved significance.”43
As the site was unoccupied until the Post’s construction, it was owned but not utilized by the Los Altos Land Company. The American Legion Post 558 has owned the land on which the 347 ATTACHMENT 2
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35 First Street building is sited since 1940. Post 558’s namesake is Lt. Colonel John J. Howard, a WWI war veteran, who devoted forty years to the Army and passed away on October 18, 1929.

Lt. Colonel Howard settled in Los Altos after being granted an honorable retirement. Properties significant under criterion B/2 are usually reflective of the time period during which the individual contributed to history. Properties that post-date an individual’s significant accomplishments are not considered as having an adequate association with the individual.

Had the subject property been developed during Lt. Colonel John J. Howard’s lifetime, it would be more illustrative of his contributions to local history.

Based on the research conducted on the area’s history a reasonable likelihood does not exist that additional information will identify any other historically significant person associated with the subject property. Therefore, Garavaglia Architecture, Inc. does not find 347 First Street to be eligible for consideration for the NRHP or CRHR under criterion B/1 and any level associated with individuals.

Criterion C/3: Design and Construction
Under this criterion, properties may be eligible if they “embody the distinctive characteristics of a type, period, or method of construction, …represent the work of a master, …possess high artistic values, or…represent a significant and distinguishable entity whose components may lack individual distinction.”44
According to the NPS, “Type, period, or method of construction’ refers to the way certain properties are related to one another by cultural tradition or function, by dates of construction or style, or by choice or availability of materials and technology. A structure is eligible as a specimen of its type or period of construction if it is an important example (within its context) of building practices of a particular time in history.”45
The design of the 347 First Street most closely resembles the Minimal Traditional architectural style. A one-story rectangular plan, front-gabled roof, horizontal wood siding and lack of ornamentation characterize Minimal Traditional architecture. While the subject property has features associated with this architectural style, it does not embody sufficient distinctive characteristics of the style due to alterations over time, as required to be eligible under criterion C/3. Replacing the windows, replacing the front entry door, and covering the horizontal siding with stucco altered the primary façade’s integrity. The property, as it appears now, is not fully representative as a prominent example of Minimal Traditional style of architecture. The roof has connecting double gable roof structures. The second gable roof at the rear of the structure defines the later addition (referred to as the Club) and built in 1948. The side and rear walls are made of wood V-groove siding and it is known the front elevation originally had the same siding due to historic photo from Los Altos News. Alterations to the front facade occurred in the early-to-mid 1950’s with the present day stucco sheathing covering the historic V-groove siding, replacement of the front entry door with a commercial style door and replacing the historic double-hung windows with fixed windows. The subject building contains only one 44 U.S. Department of the Interior, National Park Service, Cultural Resources staff, “How to Apply the National Register Criteria for Evaluation,” National Register Bulletin, no. 15 (1990: revised for internet 1995). 45 U.S. Department of the Interior, National Park Service, Cultural Resources staff, “How to Apply the National Register Criteria for Evaluation,” National Register Bulletin, no. 15 (1990: revised for internet 1995).

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36 original window on the east facade. The original window openings on the side elevations are intact with original wood frames and windowsills and only sashes replaced. 347 First Street therefore does not appear to be a significant example of a Minimal Traditional, the architectural style it most closely represents. Therefore, Garavaglia Architecture, Inc. does not find 347 First Street eligible for consideration for the NRHP/CRHR as an individual resource under criterion C/3 at any level.

Criterion D/4: Information Potential
The building is of common methods of construction and does not appear likely to yield important information about historic construction, methods, materials or technologies.

Therefore Garavaglia Architecture, Inc. does not find the property eligible for consideration for the National Register under Criterion D/4 at any level.

Archival research and physical investigation of the site focused on the above ground resource only. Therefore, no informed determination could be made regarding the property’s potential for archaeological resources that would be eligible for the NRHP or CRHR under Criterion D/4.

CITY OF LOS ALTOS HISTORIC RESOURCES EVALUATION FRAMEWORK Under municipal code 12.44.040 - Criteria for designation, a structure, property or object may be eligible for designation as a historic resource or historic landmark, if it/they satisfy each of the three criteria listed below:

A. Age. A structure or property should be more than fifty (50) years in age.

The property at 347 First Street is at least 50 years old and has met the age threshold.

B. Determination of Integrity. A structure or property should retain sufficient historic integrity in most of the following areas:

Design:
347 First Street most closely resembles Minimal Traditional style of architecture. This style of architecture is characterized with their stripped-down detailing and features include: one-story rectangular plan, front-gabled (or hipped-) roof with shallow overhangs, horizontal wood siding, double-hung windows, chimney, and lack of ornamentation. The United States Military adopted this style around 1940 to house the enlisted service men for the pre-war mobilization effort and is termed WWII Temporary Construction for one-or two-story buildings (Figure 5).

The typical elements found in this style are similar to those of the Minimal Traditional style and include: long rectangular shape, gable roof, horizontal wood siding multi paned, double hung windows and a first story projecting overhang. The building at 347 First Street has many of the above-mentioned features including: no ornamentation, one-story rectangular plan building, front-gabled roof, shallow overhangs, and horizontal wood siding. Alterations to the original design have not significantly reduced the overall features typical of this style of architecture and the changes that were made can be reversed. Replacing the double-hung window sashes and covering the V-groove wood siding with stucco have altered the primary facade. The stucco can be removed and horizontal V-groove wood siding could be restored. All of the remaining facades have the original siding intact. Double-hung window sashes can replace the existing ATTACHMENT 2
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37 window sashes as well. All of the original double hung window sashes have been replaced with sliding or fixed sashes, and a few original window openings at the rear are covered with plywood. The window fenestrations, window wood frames and wood sills have been left intact.

The rear gable-roof addition occurred over 50 years ago in 1948 and during the period of significance. The exterior doors are not original but have maintained the original door opening locations. The building retains the same horizontal massing, footprint, shape and roof form, with the original window fenestrations and horizontal siding (on three facades). The alterations to the doors and windows occurred sometime between 1945 and 1966 as evident from historic photos and from interviews with the veterans and elders of Legion Hall 558. Subsequently, some of the present day exterior aluminum-clad glass doors may have been changed recently in the 1990’,s due to their contemporary style.

Overall, the form and interior layout are intact as well as the above-mentioned elements of Minimal Traditional style and WWII Temporary Construction style of architecture; therefore, 347 First Street does retain integrity of design.

Setting:

The landscaping and setting at 347 First Street has been altered considerably since 1940 when the building was constructed. Originally this part of Los Altos was primarily an agricultural town and has now developed into a dense suburban city, as is evident by comparing the aerial photographs. The City of Los Altos was incorporated in 1952 and thus the major transformation of Los Altos began. Much of the surrounding area consisted of orchards and farmlands in 1940’s. The lot has remained its original size but the neighborhood has changed as well as the lot itself. The property’s former landscaping is no longer extant and the front yard has been in filled with concrete. Concrete also surrounds the building on the sides and rear portion of the building; therefore, 347 First Street does not retain integrity of setting.

Materials:
347 First Street retains some elements of its original materials, including the wood V-groove siding (on the north, east and west facades), window fenestrations, wood window frames, wood windowsills and wood roof framing. Most of the wood elements were made of redwood.

The front and rear gables with vents are original. The rear addition alters the original scale and proportion of the original structure but this addition occurred over 50 years ago in 1948 during the period of significance (1940-1959). The V-groove wood siding on the front facade has been covered over with plaster, but this occurred sometime between 1960-66, after the period of significance. At the same time the window sashes on the front facade windows were also changed. All of the original window sashes on the building, except for the one on the east facade have been replaced or covered over with plywood. The original window fenestrations, wood frames and wood sills have been left intact. Again, the changes to these windows occurred after the period of significance. The exterior doors are not original and have been replaced with modern commercial aluminum and glass doors. On the east facade, a ramp and a stairway leading to the door entry are a later addition but a requirement for ADA accessibility.

The stairway and ramp can also be easily removed without damaging the existing structure.

The storage units located on the east facade conceal the original V-groove siding, but these are not permanent structures. The rear entry porch may be original but is unknown but appears similar to what was originally there. 347 First Street retains the integrity of some of its building materials; therefore, 347 First Street does not retain integrity of materials.

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38 Workmanship:
347 First Street was constructed by Legionnaires. It has been recorded that WWI army veterans constructed the building. This may be why they chose a Minimal Traditional style of architecture for the building. Being war veterans, they would be familiar with this style of architecture, which is cost effective and simple to build, and used for military type structures.

Minimal Traditional architectural elements include single story, with horizontal massing, and dominant gable front. Other features include small scale, minimal architectural decoration, and simple windows, typically double-hung. The Minimal Traditional building elements and original workmanship are still apparent; therefore, 347 First Street does maintain integrity of workmanship.

Feeling:

The front section of the building is the “hall” and the rear 1948 addition is identified as the “club”. These two areas are similar to the way they were in 1948, except for some modernizing of the kitchen and replacing the exterior doors. The building has and continues to provide a place of camaraderie for veterans and to conduct a variety of community services. The changes to the front facade occurred during the building’s period of significance.

The hardscapes surrounding the property does diminish the original feeling of the building, only the setting. The original curved walkways in the front setback are also still visible.

Overall, the feeling of the building is intact; therefore, 347 First Street does maintain integrity of feeling.

C. Historic Significance. A structure or property should be clearly associated with one or more of the following areas of significance:

1. Event: Associated with a single significant event or a pattern of events that have made a significant contribution to broad patterns of local or regional history, or cultural heritage of California or the United States (as noted earlier under NRHP/CRHR criteria); The building at 347 First Street began construction in 1940 and was dedicated in 1941, during a period when Los Altos was not yet an incorporated city. The property purchase, building construction and dedication ceremony were all published on the front pages of the Los Altos News. The application to charter American Legion (Post 558) occurred on March 11, 1938. The Legion purchased the subject property in 1940 and construction began immediately. At this time the town was an unincorporated area with the central business district located near today’s intersection of Foothill Expressway and Main Street, close to the subject property. With nowhere for the townspeople to meet, the Legion Post 558 at 347 First Street became the central meeting area for all of the towns’ political, civic and social events. Los Altos became the eleventh city of Santa Clara County in December of 1952. Having outgrown Legion Hall, the City began construction of the modernist Civic Center in 1958. 347 First Street is most closely associated with the area’s transition from an unincorporated town to become an incorporated city and to the broad pattern of development of Los Altos and of Santa Clara County. The subject property is associated with events, repeated activities and to the development trends, to qualify it as significant under criterion “Event.” The subject ATTACHMENT 2
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39 property has been found to have a particular or important association with all of the towns’ activities and events until other gathering places and the Civic Center is built in 1959.

While the subject property is associated with the development trends and activities of the City of Los Altos, Garavaglia Architecture, Inc. does find 347 First Street to be a significant resource under events associated with its significant contribution to broad patterns of local or regional history.

2. Person/People: Associated with the lives of persons important to local, California or national history (as noted earlier under NRHP/CRHR criteria);
The Los Altos Land Company owned the land prior to the construction of the Legion Hall at 347 First Street. The land on which the 347 First Street building is sited has belonged to the American Legion Post 558 since 1940, and was named after WWI veteran Lt. Colonel John J.

Howard. After devoting forty years to the Army, Lt. Colonel Howard settled in Los Altos after being granted an honorable retirement and passed away on October 18, 1929. Properties significant under criterion “Person/People” are usually reflective of the time period during which the individual contributed to history. Properties that post-date an individual’s significant accomplishments are not considered as having an adequate association with the individual.

Had the subject property been developed during Lt. Colonel John J. Howard’s lifetime, it would be more illustrative of his contributions to local history.

Based on the research conducted on the area’s history a reasonable likelihood does not exist that additional information will identify any other historically significant person associated with the subject property; therefore, Garavaglia Architecture, Inc. does not find 347 First Street to be significant for its association with any important person or people.

3. Architecture/Design: Embodies the distinctive characteristics of a design-type, period, region or method of construction, or represents the work of a master or possesses high artistic value; The design of the 347 First Street most closely resembles that of Minimal Traditional architectural style, with its a one-story rectangular plan, horizontal massing, dominant frontgabled roof and use of redwood. While the subject property has features of this architectural style, it does not represent work of master or possess high artistic value as required to be eligible under criterion Architecture/Design. The building was designed and constructed by military veterans. The Minimal Traditional style, usually associated with WWII-era residential architecture, has more prevalence in Southern California. Los Altos has not identified Minimal Traditional buildings in its past historic resources inventories. Because of the simple and military-influenced design, also seen in places like the barracks at Fort Cronkhite, the building is a good example of an almost vernacular application of the Minimal Traditional style.46 The site, which originally featured established trees and grass, has changed, reflecting the area’s shift toward a denser business district.

The property, as it appears now, is not fully representative as a prominent example of Minimal Traditional style of architecture.
46 National Parks Service, “World War II Temporary Construction” Golden Gate National Recreational Area. https://www.nps.gov/articles/ww2-tempconstruction.htm
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40 347 First Street therefore does not appear to be a significant example of the Minimal Traditional architectural style and does not possess high artistic value; therefore, Garavaglia Architecture, Inc. does not find 347 First Street to be significant for its association with architecture/design.

4. Archaeology: Yields important information about prehistory or history of the local area, California or the nation.

The building is of common methods of construction and does not appear likely to yield important information about historic construction, methods, materials or technologies.

Archival research and physical investigation of the site is focused on the above ground resource only; therefore, no informed determination could be made regarding the property’s potential for archaeological resource.

Local Landmark Designation
To be potentially eligible for individual listing as a local landmark in the City of Los Altos, a structure must usually be more than 50 years old, must have historic significance, and must retain its physical integrity. The subject building at 347 First Street was constructed in 1940 and is more than 50 years old, therefore meets the age requirement. In terms of integrity and historic significance as outlined in Section 12.44.040 of the City of Los Altos Municipal Code, the subject resource meets the criteria as noted above. Under Chapter 12.44.070 of the City of Los Altos Municipal Code, a proposed landmark must not only satisfy the three criteria outlined in section 12.44.040. The Veteran’s Hall at 347 First Street must have special historical, cultural, archeological, scientific, architectural or aesthetic interest or value as part of the heritage or history of the city, the county, the state or the nation. 347 First Street has special historical value as part of the history of the City of Los Altos. The subject building constructed in 1941, originally functioned as the Legion Hall Post 558. Soon after, the building became the meeting area for all of the town’s political, civic and social events and was instrumental in the establishment of the City of Los Altos. The Hall became the town’s de facto town hall. 347 First Street is associated with the area’s transition from being an unincorporated town to become Los Altos City on Dec. 1,1952. It was not until 1959 that Los Altos had a Civic Center to conduct official city business.

CHARACTER-DEFINING FEATURES
The property at 347 First Street was found to be potentially significant under criteria A/1:

Event, as it is reflective of the local development and incorporation of the City of Los Altos. 347 First Street reflects a simplistic architectural style during the WWII era and is classified as Minimal Traditional style of architecture. It is a vernacular, flexible architectural form that often incorporates design elements or references ornamentation from historic styles, including American Colonial, Colonial Revival, Spanish Revival, Tudor Revival, and American Craftsman. Minimal Traditional buildings are usually smaller in scale and have minimal, or pared-down ornamentation. Design features that represent this style include one story massing, front gable or hipped roof, simple eaves, and cladding in various materials (wood, brick or stone).

As such, individual features of the building have been identified that define the historic character of the building and property. Assessment of various features is done according to a prioritized evaluation system. Once the character-defining features have been identified, each is assigned a priority rating to create a sense of the relative historical importance of these spaces ATTACHMENT 2
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41 and features. A rating scale of “Premier-Important-Contributing-Non-Contributing” is used. In general, this system allows for the analysis of the structure as a whole to guide what types of work should be done, and where such work could be completed with the least damage to the historic integrity of the resource.

The character-defining features of the building and property at 347 First Street, include:

Primary
- One-story
- Horizontal massing
- Dominate, from gable roof
- Original window fenestrations with wood frames and sills - V-groove horizontal wood siding
- Recessed entry
Important
- Wood framed fixed windows on front facade
- Brick chimney
Contributing
- Front, side and rear setbacks
- Flagpole located within front setback
Non-Contributing
- Plaster applied sheathing covering wood siding on front facade - Window sash replacements
- Exterior doors replaced with commercial aluminum and glass doors - Concrete infill at front setback location
- Non-permanent storage sheds on east side of the building - Chain-link gate on east side of the building
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42 HISTORIC INTEGRITY, NRHP/CRHR
The evaluation of historic significance is a two-step process. First, the historic significance of the property must be established. If the property appears to possess historic significance, then a determination of its physical integrity is conducted; that is, its authenticity as evidenced by the survival of physical characteristics that existed during the resource’s period of significance (1940-1959).
347 First Street does appear to be historically significant, and is eligible under any NRHP or CRHR criteria. To provide a complete assessment of the subject property, the seven aspects of integrity are nonetheless addressed.

Location:

The building at 347 First Street has not been moved. Therefore, it retains its integrity oflocation.

Design:
347 First Street most closely resembles Minimal Traditional style of architecture. Alterations to the original design have not significantly reduced the features typical of this style of architecture, except for the replacement of the doors and window sashes. The rear addition alters the original scale and proportion of the original structure. This addition occurred over 50 years ago in 1948 and during the period of significance. In addition the building retains the same horizontal massing, rectangular shape and roof form. The minor alterations include:
replacing the original doors with commercial aluminum glass doors, replacing some of the original double hung window sashes with sliding or fixed sashes, and covering other window openings with plywood. The window fenestrations, window wood frames and wood sills have been left intact. The other alteration includes covering the wood V-groove siding with stucco on the front facade, whereas the other three facades have kept the original V-groove wood siding.

These alterations occurred sometime between 1945 and 1966 as evident from historic photos and from interviews with the veterans and elders of Legion Hall 558. Subsequently, some of the present day exterior aluminum clad glass doors may have been changed recently in the 1990’s due to their contemporary style.

Overall, the form, interior layout, structure and style are intact and features of Minimal Traditional style of architecture; therefore, 347 First Street does retain integrity of design.

Setting:

Therefore, 347 First Street does not retain integrity of setting.

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43 Materials:
347 First Street retains some elements of its original materials, including the wood V-groove siding (on the north, east and west facades), window fenestrations, wood window frames, wood sills and wood roof framing. Most of the wood elements were made of redwood. The front and rear gables with vents are original. The rear addition alters the original scale and proportion of the original structure but this addition occurred over 50 years ago in 1948, during the period of significance (1940-1959). The V-groove wood siding on the front facade has been covered over with plaster, but this occurred sometime between 1960-66, after the period of significance. At the same time the window sashes on the front facade windows were also changed. All of the original window sashes on the building, except for the one on the east facade have been replaced or covered over with plywood. The original window fenestrations, wood frames and wood sills have been left intact. Again, the changes to these windows occurred after the period of significance. The exterior doors are not original and have been replaced with modern commercial aluminum and glass doors. On the east facade, a ramp and a stairway leading to the door entry are a later addition but a requirement for ADA accessibility.

The stairway and ramp can also be easily removed without damaging the existing structure.

The storage units located on the east facade conceal the original V-groove siding, but these are not permanent structures. The rear entry porch may be original but is unknown but appears similar to what was originally there.
347 First Street retains the integrity of only some of its building materials; therefore, 347 First Street does not retain integrity of materials.

Workmanship:
347 First Street was constructed by Legionnaires. It has been recorded that WWI army veterans constructed the building. This may be why they chose Minimal Traditional style of architecture for the building. Being war veterans, they would be familiar with this style of architecture, which is cost effective and simple to build, and used for military type structures.

The Minimal Traditional building elements and original workmanship are still apparent; therefore, 347 First Street does maintain integrity of workmanship.

Feeling:

The architectural design of 347 First Street is generally that of a Minimal Traditional architectural style, a representative style of the time of its construction. The minimal alterations over time have not diminished its origins of that architectural style. The building today is completely recognizable of when it was built in 1940 and the interior is pretty much intact. The front section of the building is the “hall” and the rear 1948 addition is identified as the “club”. These two areas are pretty much the same as they were in 1948 except for some modernizing of the kitchen and replacing the exterior doors. The building has and continues to provide a place of camaraderie for veterans and to conduct a variety of community services. The changes to the front facade occurred during the building’s period of significance.

The hardscapes surrounding the property does diminish the original feeling of the building, only the setting. The original curved walkways in the front setback are also still visible.

Overall, the feeling of the building is intact; therefore, 347 First Street does maintain integrity of feeling.

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44 Association:
347 First Street, as a legion hall built two years after the 1938 launch of Post 558 and has been as part of the early 20th century development of Los Altos. The hall served as a space for community meetings that led to the incorporation of the City of Los Altos. The subject property has continuously served and continues to serve the citizens of Los Altos and has housed meetings for local youth programs, school PTAs, the Red Cross, social clubs, military groups, political leaders and many other organizations. The structure continues to serve the community and is associated with the history of Los Altos. Clearly the surrounding suburban development has changed over time but the building has retained its integrity of association with the military veterans and with the community at large. It was instrumental meeting place when the city was being incorporated and was the primary gathering space until the Civic Center and other areas were developed in the late 1950’s.

The Legion Hall has been associated with the broad patterns of Los Altos history and therefore, 347 First Street does retain integrity of association.

HISTORIC INTEGRITY AND SIGNIFICANCE SUMMARY
347 First Street retains six (6) out of seven (7) aspects of integrity. As such, the building retains sufficient integrity to remain eligible under the local criteria discussed above. 347 First Street is most closely associated with the area’s transition from an unincorporated town to become an incorporated city and to the broad pattern of development of the City of Los Altos and of Santa Clara County. The subject property is associated with events, repeated activities and to the development trends to qualify it as significant under criterion A/1. The subject property’s period of significance is considered to be from 1940-1959. These dates correspond to when the American Legion Hall Post 558 was constructed in 1940 and continued with the hall’s association with the towns’ gatherings, activities and events until 1959. The construction of the Civic Center began in 1958 and occupation began in 1959 and offered the City of Los Altos a municipal gathering place for civic and political activities and events.

The 347 First Street was instrumental in the establishment of the City of Los Altos, as such the subject building has special historical value as part of the history of the City of Los Altos, Santa Clara County.

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45 CONCLUSION
In summary, the subject property at 347 First Street in Los Altos is known as the Los Altos Post 558, American Legion Hall. The land was purchased by, and its building constructed by the Legionnaires in 1940 as a community gathering space for the unincorporated town of Los Altos.

The subject building does appear to be individually eligible for listing in the NRHP/CRHR under Criterion A/1 for association with patterns of development, events and repeated activities. Research did not find evidence that the owners or occupants of the building made significant contributions to local, state, or national history. As such, the subject building does not appear to be eligible for listing in the NRHP/CRHR under Criterion B/2 for association with the lives of persons important to local, California or national history. The subject building’s architectural design does not provide a very good example of Minimal Traditional style of architecture, and as such does not appear eligible for listing in the NRHP/CRHR under Criterion C/3.

The subject building also appears to qualify under several evaluative criteria for local historic listing under the City of Los Altos, Historic Preservation Criteria for Landmark Designation.

The American Legion Hall does meet the local Los Altos criteria for:

A. Age: The structure is over 50 years old;
B. Determination of Integrity: The structure retains sufficient historic integrity of, Location, Design, Workmanship, Feeling, and Association; C. Historic Significance: The structure is associated with a pattern of events that have made a significant contribution to broad patterns of local or regional history.

An analysis of the building’s historic integrity determines that overall historic integrity has been retained, enabling the building to represent its significance. The significant time period is considered to be from 1940 when the building was constructed, until 1959, when the new Civic Center buildings were occupied. The building does display a level of historical significance and integrity that would qualify it for listing as a historic resource on the National Register of Historic Places and on the California Register of Historical Places. Further, 347 First Street does display a level of significance or integrity that would qualify it for designation as a local City of Los Altos landmark at the local level.

In addition, this report finds that Legion Hall as a proposed landmark, has special historical interest as part of the heritage or history of the City of Los Altos and Santa Clara County.

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46 REFERENCES
“Ancestry® | Genealogy, Family Trees & Family History Records.” Accessed September 9, 2021. https://www.ancestry.com/.

Bassett, W., and American Legion, Post 558. “347 1st Street Los Altos: Application for Los Altos Historic Designation,” 2019.
“California Digital Newspaper Collection.” Accessed September 9, 2021. https://cdnc.ucr.edu/.

Calisphere. “Calisphere: The Deeper You Look, the More You Discover.” Accessed September 9, 2021. https://calisphere.org/.

Chapman, Robin. “Santa Clara Valley Lives: Historical Los Altos American Legion Works on Landmark Building Status.” Los Altos Town Crier, March 25, 2020. https://www.losaltosonline.com/community/santa-clara-valley-lives-historical-los-altosamerican-legion-works-on-landmark-building-status/article_62137833-4354-5512-a392- a4fadcf74a82.html.
“Chapter 12.44 - HISTORIC PRESERVATION | Code of Ordinances | Los Altos, CA | Municode Library.” Accessed September 9, 2021.
https://library.municode.com/ca/los_altos/codes/code_of_ordinances?nodeId=TIT12BU CO_CH12.44HIPR_ART2DEHIRE_12.44.040CRDE.

City of Los Altos. “City of Los Altos Historic Resources Inventory Report.” Santa Clara County, Calif., 1997.
———. “City of Los Altos Historic Resources Inventory Report.” Santa Clara County, Calif., 2008.
———. “City of Los Altos Historic Resources Inventory Report.” Santa Clara County, Calif., 2012.
“Downtown Vision | City of Los Altos California.” Accessed September 9, 2021. https://www.losaltosca.gov/communitydevelopment/page/downtown-vision. “Early History (U.S. National Park Service).” Accessed September 9, 2021. https://www.nps.gov/articles/early-history.htm.
“FrameFinder - UCSB Library.” Accessed September 9, 2021. https://mil.library.ucsb.edu/ap_indexes/FrameFinder/.
“Historic Inventory | City of Los Altos California.” Accessed September 9, 2021. https://www.losaltosca.gov/historicalcommission/page/historic-inventory. “History | The American Legion.” Accessed September 9, 2021. https://www.legion.org/history.

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47 “History of Two Cities - Los Altos Chamber of Commerce, CA.” Accessed September 9, 2021. https://www.losaltoschamber.org/history-of-two-cities.

Los Altos News Staff. “Boundaries to Be Fixed.” The Los Altos News, September 21, 1950. ———. “Citizens’ Group Officers Nominated.” The Los Altos News, February 3, 1949. ———. “Forming Planning District Discussed.” The Los Altos News, June 23, 1949. ———. “Legion Hall Dedication on Feb. 7.” The Los Altos News, January 23, 1941. ———. “Legion Hall Setting for P.T.A. Play Day.” The Los Altos News, October 16, 1941. ———. “Legion Post To Send Local Youth To ‘Boy’s State’ - Arrange For Financing Building At Tuesdays Meeting.” The Los Altos News, April 4, 1940.
———. “Legion Post Will Build “Own Home“ on First St.” The Los Altos News, March 21, 1940. ———. “Legion to Sponsor Card Party Jan. 22.” The Los Altos News, January 8, 1942. ———. “Local Legion Post Formally Installed Here, Tuesday.” The Los Altos News, January 12, 1939.
———. “Local Legion Post Receives Charter.” The Los Altos News, April 20, 1939. ———. “Los Altos Welcomes New Legion Post.” The Los Altos News, March 11, 1938. ———. “Peek into the Past- The First Meeting of the Los Altos Citizens Association.” The Los Altos News, March 1949.
———. “Report on New Local American Legion Post Is Made.” The Los Altos News, December 15, 1938.
———. “Special Meeting of L.A. Red Cross Tonight.” The Los Altos News, December 11, 1941. ———. “Work on New Legion Home, Starts Today.” The Los Altos News, April 18, 1940.

Glendale, City of. “Minimal Traditional Style”, Glendale Design Guidelines for Residential Buildings in Adopted Historic District. https://www.glendaleca.gov/home/showdocument?id=12904 McAlester, Virginia Savage. A Field Guide to American Houses: The Definitive Guide to Identifying and Understanding America's Domestic Architecture. Random House Inc, 2015. 586-595.

McDonald, Don. “Los Altos Viewed Flaming Sky on Night of 1906 Earthquake: Early Los Altos.” Los Altos Town Crier, April 27, 2005.
https://www.losaltosonline.com/archives/los-altos-viewed-flaming-sky-on-night-of1906-earthquake-early-los-altos/article_644e17dd-4f53-5996-9771-a2e97cb2d428.html.

National Parks Service. “World War II Temporary Construction”. Golden Gate National Recreational Area https://www.nps.gov/articles/ww2-tempconstruction.htm National Register of Historic Places. How to Apply the National Register Criteria for Evaluation.

Washington, D.C.? U.S. Dept. of the Interior, National Park Service, Cultural Resources, 1998.
“Newspapers.Com - Historical Newspapers from 1700s-2000s.” Accessed September 9, 2021. https://www.newspapers.com/.

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48 Report, Los Altos Town Crier Staff-Town Crier Staff. “Los Altos Veterans Look to Preserve Hall with Historical Designation.” Los Altos Town Crier, February 5, 2020. https://www.losaltosonline.com/community/los-altos-veterans-look-to-preserve-hallwith-historical-designation/article_a8c68b39-1dba-50ca-824c-aab18a5d1606.html.

Salameda, Joe. Memories of Los Altos. Los Altos, 1982.
“US$3300 (1940 US Dollars) - Wolfram|Alpha.” Accessed September 9, 2021. https://www.wolframalpha.com.

Woodworth, Edwin B and Los Altos History House Museum. The Birth of a Town: A Historic Resource Manuscript. Los Altos, Calif.: History House Books, 1988.

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Appendix A

AERIAL PHOTOGRAPHS
A
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A
Aerial photo of Los Altos 1930, UCSB Library. Flight C_1180, Frame 9.

Aerial photo of Los Altos 1939, UCSB Library. Flight C_5750_286. Frame 8.

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Aerial photo of Los Altos 1941, UCSB Library. Flight C_6660. Frame 379.

Aerial photo of Los Altos 1956, UCSB Library. Flight civ_9r. Frame 37.

A
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A
Aerial photo of Los Altos 1964, UCSB Library. Flight CAS-SCL_5. Frame 37.

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Appendix B

PRIOR RELATED

DOCUMENTATION
B
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DPR 523A Form for the American Legion Building, Post 558.

B
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C
Appendix C

SUBDIVISION AND HISTORIC
MAPS
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C
Current Subdivision Map
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C
1899 USGS Map of Los Altos Area, Blue Pin approximates location of 347 First Street ATTACHMENT 2
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C
1906 Map of Sara Winchester Ranch, Blue Pin approximates location of 347 First Street ATTACHMENT 2
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C
1943 USGS Map of Los Altos Area, Blue Pin approximates location of 347 First Street ATTACHMENT 2
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C
1948 USGS Map of Los Altos Area, Blue Pin approximates location of 347 First Street ATTACHMENT 2
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C
1961 USGS Map of Los Altos Area, Blue Pin approximates location of 347 First Street. Note Civic Center in top right corner.

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D
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Appendix D

AVAILABLE BUILDING

PERMITS/PLANS
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D
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D
Building Permit #33687, dated 12/12/1990 for roof work.

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Building Permit #33687, dated 12/12/1990 for roof work. Back of permit.

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Permit Number 32294, front of Permit for roof work. Front of Permit.

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Building Permit Number 47113, 8/10/1993. Seismic Updates to exterior.

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D
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Building Permit 46832, 6/03/1993. Front of Perm
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Back of Permit
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D
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D
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D
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D
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D
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D
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E
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E
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DEED
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E
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Appendix F

HISTORIC PHOTOGRAPHS

AND DOCUMENTS
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Image of Legion Members constructing American Legion Post Hall 558 in 1940. (Los Altos Town Crier and W. Bassett)
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Los Altos News, February 6, 1941 Front Page. (Los Altos New, Post Hall 558 2019 Application) ATTACHMENT 2
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Post Hall with early landscaping, between 1948 addition and 1960’s landscaping changes (Post Hall 558 2019 Application)
ATTACHMENT 2
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Colored photo of Scout Hall (Left) and Legion Hall (Right) looking west down First Street. (Post Hall 558 2019 Application)
ATTACHMENT 2
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Hall Construction and Interior Circa 1954 (Post Hall 588 2019 Application) ATTACHMENT 2
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Image of Whitecliff Market’s tent during its time at Post Hall after the fire of 1966. (Post Hall 588 2019 Application)
ATTACHMENT 2
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Jimmy Carter Speaks at Post Hall 558 for a Spring 2001 Packard Foundation event held at Legion Hall. (Post Hall 2019 Application).

ATTACHMENT 2
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Agenda Item # 8.

State of California ⎯ The Resources Agency Primary #
DEPARTMENT OF PARKS AND RECREATION HRI #
PRIMARY RECORD Trinomial
NRHP Status Code
Other Listings
Review Code Reviewer Date

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Los Altos City CouncilMarch 8, 2022

Los Altos City Council
March 8, 2022