Agenda packet — Los Altos City Council, August 23, 2022

CITY COUNCIL MEETING
AGENDA
7:00 PM - Tuesday, August 23, 2022
via Teleconference
Please Note: Per California Executive Order N-29-20, the City Council will meet via Telephone/Video Conference Only.

Telephone: 1-669-444-9171 // Webinar ID: 891 0119 1733 // Passcode: 712719 https://losaltosca-gov.zoom.us/j/89101191733?pwd=TlFJOE84SzdtTTVTNzhjdThlZjBIdz09 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 ZOOM installed (available at https://zoom.us/download). 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

CHANGES TO THE ORDER OF THE AGENDA

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, 1 8/23/2022 CITY COUNCIL MEETING AGENDA Page 2 of 3
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 City Council Special Meeting of August 4, 2022. (A.

Rodriguez)

2. Project Acceptance of Annual Street Striping Project TS-01003: Adopt Resolution No. 2022- ____ accepting the Annual Street Striping Project TS-01003; consider finding the project exempt from review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301 (D. Fisch)

3. Project Acceptance of El Monte Avenue Sidewalk Gap Closure Project TS-01038: Adopt Resolution No. 2022-XX regarding Project Acceptance of the El Monte Avenue Sidewalk Gap Closure (TS-01038); consider finding that the project is exempt from review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301 (N. Shahbazi)

4. Quarterly Investment Portfolio Report – Quarter Ended June 30, 2022 (S. Niederhofer)

5. Emergency Declaration Resolution: Adopt a resolution extending the declaration of a local emergency due to the COVID-19 pandemic (J. Maginot)

PUBLIC HEARINGS

6. Prometheus Real Estate Group, Inc - 5150 El Camino Real: Consider the Proposed Vesting Tentative Subdivision Map, Inclusionary Housing, and State Density Bonus Modification for a 196-Unit MultipleFamily Development at 5150 El Camino Real; consider finding that no further review under the California Environmental Quality Act (CEQA) is required for the project because the findings in CEQA Guidelines Section 15162 cannot be made (S. Gallegos)

DISCUSSION ITEMS

INFORMATIONAL ITEMS ONLY

7. Annual Development Impact Fees Report for Fiscal Year 2021

8. 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 2 8/23/2022 CITY COUNCIL MEETING AGENDA Page 3 of 3
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.

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. 3 CITY COUNCIL MEETING

MINUTES
5:00 PM - Tuesday, August 4, 2022
via Videoconference

CALL MEETING TO ORDER
At 5:03 p.m. Mayor Enander called the meeting to order.

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

PLEDGE ALLEGIANCE TO THE FLAG
Mayor Enander led the pledge of allegiance.

PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
None

CONSENT CALENDAR

1. Emergency Declaration Resolution: Adopt a Resolution extending the declaration of a local emergency due to the COVID-19 pandemic (J. Maginot)
Following a motion by Council Member Weinberg, seconded by Vice Mayor Meadows, the Council approved the extension of the Emergency Declaration by a motion and by the following vote:

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

ADJOURNMENT
Meeting adjourned at 5:06 p.m.
__________________________
Anita Enander MAYOR
ATTEST:
_____________________________________
Angel Rodriguez, INTERIM CITY CLERK
4 Agenda Item # 1.

Reviewed By:

City Manager City Attorney
GE
Interim Finance Director
DDirector JH SN

AGENDA REPORT SUMMARY
Meeting Date: August 23, 2022
Subject Consider adoption of Resolution No. 2022-____: Accept the Annual Street Striping Project TS-01003; consider finding the project exempt from review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301
Prepared by: David Fisch, Special Projects Manager
Reviewed by: Jim Sandoval, Public Works Director
Approved by: Gabriel Engeland, City Manager
Attachment(s):

1. Resolution No. 2022 - __
Initiated by:

City Council CIP Project TS-01003, Annual Street Striping Previous Council Consideration:

February 23, 2021
Fiscal Impact:

Project Item Project Budget Final Cost
Construction $ 157,300 $ 107,072
Construction Contingency (15%) $ 23,595 $ 0.00
Printing/Advertising/Mailing/Misc. $ 5,000 $ 2,560
Estimated Total Cost $ 185,895 $ 109,632
Funds Available Budget Remaining after Project
TS-01003 – CIP/General Fund (FY 20/21) $100,000 $90,368 TS-01003 – Gas Tax (FY 20/21) $100,000 $0
The estimated $90,368 in remaining funds will be returned to CIP TS-01003 for ongoing striping work to maintain safe roadways for vehicles, bicyclists, and pedestrians.

Environmental Review:

The acceptance of the work is categorically exempt from review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301(c) (Existing 5 Agenda Item # 2.

Subject: Resolution No. 2022-____: Accept the Annual Street Striping Project TS-01003 August 23, 2022 Page 2
Facilities), in that the project consists of the operation, repair, and maintenance of existing facilities such as streets. Also, the project involves negligible or no expansion of existing or former use, and none of the circumstances stated in CEQA Guidelines Section 15300.2 applies.

Policy Question(s) for Council Consideration:

None
Summary:
 CIP Project TS-01003 is an annual project intended for preventative maintenance and upgrading of roadway striping and markings on City-maintained streets.  On December 23, 2020, City advertised the Annual Street Striping Project.  On February 23, 2021, the City of Los Altos awarded Chrisp Co. the Annual Street Striping Project.
 Project was completed on January 31, 2022. Staff recommends City Council accept the project.

Purpose
Accept CIP TS-01003 as complete.

Background
The Annual Street Striping Project, TS-01003, was dedicated to maintaining and updating thermoplastic striping and pavement markings on City owned streets. This project upgraded signage and striping to improve existing bicycle facilities on Almond Avenue, Covington Road and Homestead Road.

Discussion/Analysis
Project TS-01003 was completed in accordance with the contract plans and specifications and complies with the Standard Specifications of the City of Los Altos. However, to address community concerns regarding the vertical elements (i.e., plastic bollards) along the Almond Avenue cycle-track, the bollard bid item was removed from the project. This resulted in project savings. The final cost of the construction contract with Chrisp Company was $107,072.00.

Although the project was completed on January 31, 2022, the project close-out was delayed for the following reasons:

1. Deletion of the vertical elements from the project took extra time to resolve.

2. Extra time lapsed as staff considered additional striping work with the savings.

Unfortunately, this consideration was never finalized as the staff project manager resigned from the City.
6 Agenda Item # 2.

Subject: Resolution No. 2022-____: Accept the Annual Street Striping Project TS-01003 August 23, 2022 Page 3
All work was completed and is acceptable. When a public works project is completed and the City’s engineering staff determines that the work is acceptable, then the acceptance of the work by the City Council is a quasi-ministerial act such that the City Council must accept the work absent clear evidence that the work was not performed in conformance with the contract.

Recommendation
Adopt Resolution No. 2022-___ accepting the Annual Street Striping Project TS-01003 and authorize the Public Works Director to record a notice of completion as required by Law, and find that the Council’s action in adopting the resolution is exempt from review under CEQA pursuant to CEQA Guidelines Section 15301(c).
7 Agenda Item # 2.

ATTACHMENT A
Resolution No. 2022-__ Page 1
RESOLUTION NO. 2022-__

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

ACCEPTING COMPLETION AND DIRECTING THE PUBLIC WORKS

DIRECTOR TO FILE A NOTICE OF ACCEPTANCE OF COMPLETION OF THE FISCAL YEAR 20/21 ANNUAL STREET STRIPING PROJECT TS-01003 WHEREAS, the Los Altos Public Works Director has filed with the City Clerk of Los Altos an Engineer's Certificate for the completion of all work provided within and pursuant to the contract between said City and Chrisp Co., dated April 15, 2021; and WHEREAS, it appears to the satisfaction of this City Council that work under said contract has been fully installed and completed as provided in said contract, and the plans and specifications therein referred to.

NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Los Altos hereby authorizes the following:

1. That acceptance of completion of said work is hereby made and ordered; and

2. That the Public Works Director is directed to execute and file for recording with the County Recorder of the County of Santa Clara, Notice of Acceptance of Completion thereof, as required by law; and

3. That the acceptance of the work is exempt from review under the California Environmental Quality Act (“CEQA”) under CEQA Guidelines Section 15301 for reasons stated in the staff report, and none of the circumstances described in CEQA Guidelines Section 15300.2 applies.

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 23 rd
day of August 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________
Anita Enander, MAYOR
Attest:
8 Agenda Item # 2.

ATTACHMENT A
Resolution No. 2022-__ Page 1
_____________________________
Angel Rodriguez, INTERIM CITY CLERK
9 Agenda Item # 2.

Reviewed By:

City Manager City Attorney
GE
Interim Finance Director
JH SN

AGENDA REPORT SUMMARY
Meeting Date: August 23, 2022
Subject Consider adoption of Resolution No. 2022-XX regarding Project Acceptance of the El Monte Avenue Sidewalk Gap Closure (TS-01038); consider finding that the project is exempt from review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301 Prepared by: Nafiseh Shahbazi Majd, Assistant Engineer
Reviewed by: Jim Sandoval, Public Works Director
Marisa Lee, Transportation Services Manager
Approved by: Gabriel Engeland, City Manager
Attachments:

A. Resolution No. 2022-XX
Initiated by:

City Council CIP Projects TS-01038
Previous Council Consideration:

October 27, 2020
Fiscal Impact:

The table below summarizes the final cost of the project.

Project Item Project Budget Final Cost
Engineering $ 86,492.00 $ 82,724.80
Construction $ 512,315.44 $ 512,315.44
Construction Contingency (15%) $ 76,847.32 $ 55,905.76
Inspection $ 33,592.00 $ 30,283.75
Printing/Advertising/Mailing/Misc. $ 10,000 $ 2,161.36
Estimated Total Cost $ 719,246.76 $ 683,391.11
Funds Available Budget Final Cost Allocations
CIP Funds TS-01038 $ 343,307 $ 343,306.11
Community Development Block Grant (CDBG) $ 303,933 $ 303,933.00 Professional Services (Operations: 4210-5270) $ 41,152 $ 36,152.00 Total Budget $ 688,392 $683,391.11
10 Agenda Item # 3.

Subject: Project Acceptance - Resolution No. 2022-___ El Monte Avenue Sidewalk Gap Closure Project (TS-01038)
August 23, 2022 Page 2
Environmental Review:

The acceptance of the work is categorically exempt from review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301(c) (Existing Facilities) in that the project consists of the operation, repair, and maintenance of existing facilities, such as streets. Also, the project involves negligible or no expansion of existing or former use, and none of the circumstances stated in CEQA Guidelines Section 15300.2 applies.

Summary:
 On September 29, 2020, City advertised the El Monte Sidewalk Gap Closure Project.  On October 22, 2020, City received and opened 10 bids in public virtual session.  Project reached substantial completion in September 2021.  Project was fully completed in May 2022. Staff recommends the City Council to accept the project.

Staff Recommendation:

Adopt Resolution No. 2022-XX accepting completion of the El Monte Avenue Sidewalk Gap Closure Project (TS-01038) and authorize the Public Works Director to record a Notice of Completion as required by law.

Purpose
Accept CIP Project TS-01038 as complete.

Background
The El Monte Avenue Sidewalk Gap Closure project was initiated in 2017, but delayed since 2018 to 2020, due to design restrictions impacting private properties, city staffing, and General Fund budget constraints. The intent of the project is to provide a dedicated pedestrian pathway along the west side of El Monte Avenue between Almond Avenue and S. Clark Avenue. The City reinitiated the project with a simpler design at the end of summer to take advantage of existing Community Development Block Grant (CDBG) Funds, which expired on June 30, 2021. City staff held multiple community outreach meetings to identify a preferred design alternative between the 2018 design and the 2020 simplified design alternative.

The new design limits private property impacts by building a shared use bicycle and pedestrian facility with pavement treatments to define a designated pedestrian pathway. The new design concept is more cost effective to the City and eliminates private property impacts to vegetation 11 Agenda Item # 3.

Subject: Project Acceptance - Resolution No. 2022-___ El Monte Avenue Sidewalk Gap Closure Project (TS-01038)
August 23, 2022 Page 3
along El Monte Avenue, helping to preserve the street’s rural character. Specific design treatments included:
• Buffered Bicycle Lanes on both sides of El Monte Avenue • Low-Profile Rubber Curbing within Buffer Zones
• Roadway Widening Treatment
• Distinctive Pedestrian Pathway Treatments
• Painted Intersection Returns at Higgins Avenue and El Monte Court • All-Way STOP at N. El Monte Avenue & S. Clark Avenue
• Flashing Beacon at El Monte Avenue & Mills Avenue
On September 30, 2020, the Complete Streets Commission reviewed and provided input on the design alternatives and concurred with implementation of the 2020 design. The Contract Construction Award was approved on October 27, 2020, by the City Council.

The project was substantially completed in September 2021, and fully completed in May 2022.

Therefore, the project should be closed and the 5% retention paid to the Contractor.

Discussion/Analysis
Project TS-01038 was completed in accordance with the contract plans and specifications and complies with the Standard Specifications of the City of Los Altos. The final cost of the construction contract with FBD Vanguard Construction was $568,221.20. All work was completed and is acceptable.

Recording of the Notice of Completion shortens the time for subcontractors and material providers to file stop payment notices on the project and triggers the timeline to release withheld retention in accordance with state prompt payment laws. Attachment A is the proposed resolution of acceptance.

When a public works project is completed and the City’s engineering staff determines that the work is acceptable, then the acceptance of the work by the City Council is a quasi-ministerial act such that the City Council must accept the work absent clear evidence that the work was not performed in conformance with the contract.

Recommendation
Adopt Resolution No. 2022-XX accepting completion of the El Monte Avenue Sidewalk Gap Closure Project (TS-01038) and authorize the Public Works Director to record a Notice of Completion as required by law, and find that the Council’s action in adopting the resolution is exempt from review under CEQA pursuant to CEQA Guidelines Section 15301(c). 12 Agenda Item # 3.

ATTACHMENT A
Resolution No. 2022-___ Page 1
RESOLUTION NO. 2022-_____

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

ACCEPTING COMPLETION AND DIRECTING THE PUBLIC WORKS

DIRECTOR TO FILE A NOTICE OF ACCEPTANCE OF COMPLETION OF THE EL MONTE SIDEWALK GAP CLOSURE PROJECT TS-01038
WHEREAS, the Los Altos Public Works Director will file with the City Clerk of Los Altos an Engineer's Certificate for the completion of all work provided within and pursuant to the contract between said City and FBD Vanguard Construction, dated December 14, 2020; and WHEREAS, it appears to the satisfaction of this City Council that work under the said contract has been fully installed and completed as provided in the said contract and the plans and specifications therein referred to.

NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Los Altos hereby authorizes the following:

1. That acceptance of completion of said work is hereby made and ordered;

3. That the acceptance of the work is exempt from review under the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines Section 15301 for reasons stated in the staff report, and none of the circumstances stated in CEQA Guidelines Section 15300.2 applies.

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________
Anita Enander, MAYOR
Attest:
_____________________________
Angel Rodriguez, INTERIM CITY CLERK
13 Agenda Item # 3.

Reviewed By:

City Manager City Attorney
GE
Finance Director
JH SN

AGENDA REPORT SUMMARY
Meeting Date: August 23, 2022
Subject Quarterly Investment Portfolio Report – Quarter Ended June 30, 2022 Prepared by: Suzanne Niederhofer, Interim Finance Director Approved by: Gabriel Engeland, City Manager
Attachment(s):

1. Portfolio Mix Charts

2. Investment Policy Compliance Chart

3. LAIF Balance 6-30-22

4. LAIF Performance Over Time

5. PFM Investment Report Quarter Ended June 30, 2022
Initiated by:

Staff.

Fiscal Impact:

None
Environmental Review:

Not applicable
Policy Question(s) for Council Consideration:
 None
Summary:
 This report presents the status of the City’s investment portfolio through June 30, 2022.

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 June 30, 2022. 14 Agenda Item # 4.

Subject: Quarterly Investment Portfolio Report – Quarter Ended June 30, 2022 August 23, 2022 Page 2
Purpose
These quarterly reports are presented to both the City Council and the Financial Commission to 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 June 30, 2022 was presented and discussed by the Financial Commission on August 15, 2022. The Financial Commission reviewed the Quarterly Investment Portfolio Report ending June 30, 2022, and had a brief discussion.

Discussion/Analysis
The summary provided below presents the sum of all City investment holdings. The City’s portfolio par value and market value, including LAIF but excluding operating cash, as of June 30, 2022, was $58,778,371 and $57,069,074 respectively. The City’s operating cash, as of June 30, 2022, was $10,599,883.

As of June 30, 2022, 12.0% 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), 11.1% in Asset-Backed Securities, 2.4% in Supra-National Agency Bond, 37.8% in US Treasuries, 19.5% in medium-term Corporate Notes and Commercial Paper, and 1.7% in Certificate of Deposits, with the balance of 15.5% in LAIF. This portfolio mix is illustrated as part of Attachment 1 with LAIF balance and performance as Attachments 3 and 4.

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 5: Investment Performance Review for the Quarter Ended June 30, 2022. 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 0.95%, which is highlighted on page 23 of the PFM Investment Performance Review Report (Attachment 5).

Recommendation
Receive the Investment Portfolio Report Quarter Ended June 30, 2022 15 Agenda Item # 4.

Attachment 1
Portfolio Mix Charts
June 2022
Portfolio Mix
Security Type % of Total By Security
LAIF 15.5% 9,097,166
Money Market 0.0% -
Corp Notes 19.5% 11,444,000
Asset-Backed Securities 11.1% 6,500,984
Supra-National Agency Bond 2.4% 1,400,000
Federal Home Loan Banks 9.0% 5,309,221
Federal Nat'l Mortgage 3.0% 1,785,000
Negotiable CDs 1.7% 1,000,000
US Treasury 37.8% 22,242,000
Commercial Paper 0.0% -
* Totals 100% 58,778,371.09
100.00%
Portfolio Mix Market
Security Type % of Total Par Value Value
LAIF 15.5% 9,097,166 9,097,166
Money Market 0.0% -
Corp Notes 19.5% 11,444,000 11,102,315
Asset-Backed Securities 11.1% 6,500,984 6,365,578
Supra-National Agency Bond 2.4% 1,400,000 1,345,798
Federal Agencies 12.0% 7,094,221 6,893,716
Negotiable CDs 1.7% 1,000,000 990,129
US Treasury 37.8% 22,242,000 21,274,372
100% 58,778,371 57,069,074
100.00%
Corp Notes 11,444,000 11,102,315
Asset-Backed Securities 6,500,984 6,365,578
Supra-National Agency Bond 1,400,000 1,345,798
US Treasury/Agencies 29,336,221 28,168,088
Negotiable CDs 1,000,000 990,129
Accrued Interest - 99,573
49,681,205.47 48,071,481
Margin Over (Under) Par (1,609,725)
LAIF

15.5% Money Market

0.0%
Corp Notes

19.5%
Asset-Backed
Securities

11.1%
Supra-National
Agency Bond

2.4%
Federal Agencies

12.0%
Negotiable CDs

1.7%
US Treasury

37.8%

PORTFOLIO MIX - BY CLASS
LAIF

15.5%
Money Market

0.0%
Corp Notes

19.5%
Asset-Backed
Securities

11.1%
Supra-National
Agency Bond

2.4%
Federal Home
Loan Banks

9.0%
Federal Nat'l
Mortgage

3.0%
Negotiable CDs 1.7%
US Treasury

37.8%

PORTFOLIO MIX - BY SECURITY
16 Agenda Item # 4.

Attachment 2
Investment Policy Compliance Chart
June 2022
Earliest City Policy City Policy City Policy % Compliance Term Compliance City Investment % Mix Par Value Term Term Limitation $ Limitation % Limitation CAPACITY Yes/No Yes/No LAIF 15.5% 9,097,166 07/01/22 No Term 75,000,000 100% 65,902,834 Yes N/A Money Market 0.0% - Overnight 20% 11,755,674 Yes N/A
Corp Notes 19.5% 11,444,000 06/08/23 5 Years 30% 6,189,511 Yes Yes Asset-Backed Securities 11.1% 6,500,984 08/21/23 5 Years 20% 5,254,690 Yes Yes Supra-National Agency Bond 2.4% 1,400,000 05/24/23 5 Years 20% 10,355,674 Yes Yes Federal Agencies 12.1% 7,094,221 07/01/22 5 Years 100% 51,684,150 Yes Yes Commercial Paper 0.0% - - 270 Days 25% 14,694,593 Yes - Negotiable CDs 1.7% 1,000,000 12/02/22 5 Years 30% 16,633,511 Yes Yes US Treasury 37.8% 22,242,000 09/30/23 5 Years 100% 36,536,371 Yes Yes 100% 58,778,371
17 Agenda Item # 4.
8/8/22, 10:22 AM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1 Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
August 08, 2022
LAIF Home
PMIA Average Monthly
Yields

CITY OF LOS ALTOS

CITY TREASURER

ONE NORTH SAN ANTONIO ROAD
LOS ALTOS, CA 94022
Account Number: 98-43-481
June 2022 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type
Confirm
Number
Web
Confirm
Number Authorized Caller Amount
6/16/2022 6/15/2022 RW 1706178 1666479 JOHN FURTADO -1,000,000.00 Account Summary
Total Deposit: 0.00 Beginning Balance: 10,097,165.62
Total Withdrawal: -1,000,000.00 Ending Balance: 9,097,165.62 18 Agenda Item # 4.

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 2022 0.234 0.278 0.365 0.523 0.684 0.861
Attachment 4 - LAIF Performance Over Time
19 Agenda Item # 4.
20 Agenda Item # 4.

Investment Performance Review
For the Quarter Ended June 30, 2022
Client Management Team PFM Asset Management LLC
Monique Spyke, Managing DirectorWale Kajopaiye, Senior Managing Consultant 213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
1 California Street Ste. 1000
San Francisco, CA 94111-5411
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

CITY OF LOS ALTOS
21 Agenda Item # 4.
© PFM Asset Management LLC pfmam.com |
• Market Update• Portfolio Review
22 Agenda Item # 4.
© PFM Asset Management LLC pfmam.com |
Market Update
23 Agenda Item # 4.

PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Current Market Themes
▸ The U.S. economy is characterized by:
▹ High inflation▹ A strong labor market▹ Depressed consumer confidence▹ Growing potential for economic recession ▸ The Federal Reserve is tightening monetary policy
▹ More aggressive rate hikes to battle persistent inflation▹ Short-term fed funds rate projected to reach 3.25% to 3.75% by year-end▹ Start of balance sheet reduction; pace to double beginning in September ▸ Asset prices have fallen sharply in 2022 as a result of:
▹ The impact of higher rates on bond prices and equity valuations▹ Wider credit spreads▹ High commodity prices, rising labor costs, and the continuing conflict in Ukraine▹ High levels of volatility and uncertainty

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
1 24
Agenda Item # 4.

For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source: Bloomberg, as of May 2022.

U.S. Inflation Hit a New Four-Decade High in May

8.6%
-2%
0%2%4%
6%8%
10%
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Q2 2022Q3 2022Q4 2022Q1 2023 Consumer Prices (CPI)
Top-Line Contributions and Year-over-Year Reading
Services (Ex Food & Energy) Goods (Ex Food & Energy) Food Energy Headline YoY% Bloomberg
Forecasts
Q2‘22
Q3‘22
Q4‘22
Q1‘23

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
2 25
Agenda Item # 4.

PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source: Bloomberg, as of June 2022.
0%1%2%3%4%5%6%
2017 2018 2019 2020 2021 2022
Median Price Increase
Consumers Expect High Inflation in the Near Term, but Moderation Longer Term University of Michigan Survey of Consumers
Expected Change in Prices
Next 5-10 Years Next Year
A disparity exists
between consumer’s
short and long-term
inflation expectations

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
3 26
Agenda Item # 4.

PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Strong Labor Market and Spending Provide Momentum Against Signs of Economic Slowing Source: Bloomberg, as of June 2022.

Tailwinds Headwinds
$400$450$500$550$600$650$700
2017 2018 2019 2020 2021 2022
Billions
Retail Sales (Monthly)
20406080
100120
2017 2018 2019 2020 2021 2022
Index of Consumer Sentiment
34567
2017 2018 2019 2020 2021 2022
Millions
Existing Home Sales
April 20

14.7%
June 22

3.6%
0%4%8%
12%16%
2017 2018 2019 2020 2021 2022
U.S. Unemployment Rate

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
4 27
Agenda Item # 4.

GDP Contributors Q2 2021 Q3 2021 Q4 2021 Q1 2022
U.S. Real GDP 6.7% 2.3% 6.9% -1.6%
Personal Consumption 7.9% 1.4% 1.8% 1.2%
Fixed Investment 0.6% -0.2% 0.5% 1.3%
Private Inventories -1.3% 2.2% 5.3% -0.4%
Net Exports -0.2% -1.3% -0.2% -3.2%Gov’t Expenditures -0.3% 0.2% -0.5% -0.5% Following a negative Q1 reading, economists
expect positive yet decelerating growth amid an
increasingly cautious consumer
33%
0%
20%40%
60%80%
100%
2012 2014 2016 2018 2020 2022
U.S. 1-Year Recession Probability
(Bloomberg Median Economist Forecast)

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
5 28
Agenda Item # 4.

PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Fed’s Updated Projections Show More Expected Inflation, Lower Growth Source: Federal Reserve, latest economic projections as of June 2022.

1.7% 1.7% 1.9% 1.8%
0%1%2%3%
2022 2023 2024 Longer
Run
Change in Real GDP
March Projections June Projections

3.7% 3.9% 4.1% 4.0%
0%1%2%3%4%5%
2022 2023 2024 Longer
Run
Unemployment Rate
March Projections June Projections

4.3%

2.7% 2.3%
0%2%4%6%
2022 2023 2024
Core PCE Inflation
March Projections June Projections

3.4%

3.8%

3.4%

2.5%
0%1%2%3%4%
2022 2023 2024 Longer
Run
Federal Funds Rate
March Projections June Projections

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
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Agenda Item # 4.

PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Treasury Yields Move Higher Across the Curve; Curve Remains Flat Beyond 2 Years
Source: Bloomberg, as of 6/30/2022.

0.0%0.5%1.0%1.5%2.0%2.5%3.0%3.5%
3 M
1 Y
2 Y
3 Y
4 Y
5 Y
10 Y
30 Y
Maturity
U.S. Treasury Yield Curve
June 30, 2022March 31, 2022December 31, 2021
2Q2022
6/30/22
1Q2022
3/31/22
QoQ
Change
3-month 1.63% 0.48% +1.15%
1-year 2.74% 1.60% +1.14%2-year 2.95% 2.33% +0.62%3-year 3.01% 2.51% +0.50%5-year 3.04% 2.46% +0.58% 10-year 3.01% 2.34% +0.67%30-year 3.18% 2.45% +0.73%

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
7 30
Agenda Item # 4.

PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Federal Reserve Officials Project 1.75% More in Rate Hikes in 2022 Source: Federal Reserve and Bloomberg. Individual dots represent each Fed members’ judgement of the midpoint of the appropriate target range for the federal funds rate at each year-end.

1.0%1.5%2.0%2.5%3.0%3.5%4.0%4.5%5.0%
Fed Participants’ Assessments of ‘Appropriate’ Monetary Policy Jun-22 FOMC ProjectionsJun-22 Median
2022 2023 2024 Longer Term

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
8 31
Agenda Item # 4.

For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities Market Update Surging Yields Give Back Pandemic Gains

CLIENT NAME
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source: ICE BofAML Indices via Bloomberg, as of 6/30/2022; PFMAM calculations. 2022 Price, income, and total return is YTD as of 6/30/2022.

ICE BofA 1-3 Year Treasury Index
-8%-6%-4%-2%
0%2%4%6%8%
10%12%
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
Annual Price & Income Returns
Income Return Price Return Total Return
$100$120$140$160$180$200$220$240
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
Growth of $100
(1/1/2000 - 6/30/2022)

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
9 32
Agenda Item # 4.

PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source: ICE BofAML 1-3 year Indices via Bloomberg, MarketAxess and PFMAM as of 6/30/2022. 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 Q2 2022
1-3 Year Indices

0.0%0.2%0.4%0.6%0.8%1.0%1.2%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22
Corporate Notes A-AAA Yield Spreads
-0.10%-0.05%

0.00%0.05%0.10%0.15%0.20%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22
Federal Agency Yield Spreads
-0.5%

0.0%0.5%1.0%1.5%2.0%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22
Mortgage-Backed Securities Yield Spreads
Agency MBS AAA CMBS Index

0.0%0.4%0.8%1.2%1.6%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22
Asset-Backed Securities AAA Yield Spreads

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
10 33
Agenda Item # 4.

PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source: ICE BofAML Indices. ABS indices are 0-3 year, based on weighted average life. As of 6/30/2022.

Rising Rates and Wider Spreads Hurt Fixed-Income Returns in Q2 2022 1-3 Year Indices

0.79% 0.83%

1.18%

1.59%

1.99%

0.0%0.5%1.0%1.5%2.0%2.5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
10-Year Average
-0.50% -0.58% -0.51%
-0.91%
-1.15%
-5.0%-4.0%-3.0%-2.0%-1.0%

0.0%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
Q2 2022

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
11 34
Agenda Item # 4.

PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Fixed-Income Sector Commentary – 2Q 2022
▸ U.S. Treasury securities posted negative returns for
more than two quarters. Yields continued to movehigher on surging inflation data and expectations foraggressive Fed rate hikes over the course of 2022. ▸ The Federal Agency sector generated modest
incremental returns over Treasuries in Q2 butcontinue to offer narrow yield spreads and limitedvalue. ▸ Supranational spreads are elevated for shorter
maturities but remained historically tight further outthe curve. Issuance has been relatively light year-todate which has helped keep downward pressure onyield spreads. ▸ Investment grade Corporates appear to have priced
in a recession on the horizon; however, fundamentalsand ratings are expected to stabilize while alsocarrying a low default rate. Yield spreads have beendriven wider to historically attractive levels asuncertainties persist. ▸ Asset-Backed yield spreads widened after a volatile
start to the year. Some measures of collateralperformance are trending worse, but overall are in agood position from a historical perspective and remainwithin rating agency expectations. ▸ Mortgage-Backed Securities were hampered by
soaring mortgage rates and the looming reduction tothe Fed’s balance sheet. The sector will likely remainunder pressure for the foreseeable future as it faces amyriad of headwinds. ▸ Taxable Municipals were one of the few investment
grade sectors that performed well during the quarter.But while issuance has slowed despite appearing atattractive levels, deals remain heavily oversubscribed,pressuring spreads lower. ▸ Commercial Paper and CD spreads remain elevated
and attractive, particularly on maturities near ninemonths which have heightened value and a steepercurve.

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
12 35
Agenda Item # 4.

PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities CLIENT NAME Market Update For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Fixed-Income Sector Outlook – 3Q 2022
Negative Slightly Negative Neutral Slightly Positive Positive Sector Our Investment Preferences

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
Current outlook Outlook one quarter ago

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Market Update
© PFM Asset Management LLC pfmam.com |
13 36
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com |
Portfolio Review:

CITY OF LOS ALTOS INVESTMENT PORTFOLIO
37 Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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 June 30, 2022, 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
15 38
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Account Summary
|

13.3%

23.2%

2.1%

2.8%

1.0%

13.4%

44.3%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
ABS - $6,370,421
Corporate - $11,169,607
Negotiable CD - $991,812
Supranational - $1,346,861
Agency CMBS - $458,675
Federal Agency - $6,440,675
U.S. Treasury - $21,293,430
Portfolio Allocation Sector Limit for Analysis*
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest.*Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 16 39
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Account Summary
|
Account Summary

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

CITY OF LOS ALTOS INVESTMENT PORTFOLIO
Portfolio Values June 30, 2022PFMAM Managed Account $47,971,908 Amortized Cost $49,773,932
Market Value $47,971,908
Accrued Interest $99,573
Cash $306,824
Analytics¹ June 30, 2022Yield at Market 3.03%
Yield on Cost 0.96%Portfolio Duration 1.74
17 40
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Portfolio Snapshot
|
Yield and duration calculations exclude cash and cash equivalents. Sector allocation includes market values and accrued interests.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 Snapshot - CITY OF LOS ALTOS INVESTMENT PORTFOLIO¹ Credit Quality - S&P
12%
51%
37%
0%
7%
55%
38%
0%
0%
20%40%60%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 44%Corporate | 23%Federal Agency | 13%
ABS | 13%
Supranational | 3%Negotiable CD | 2%
Agency CMBS | 1%
Sector Allocation
AAA | 14%AA+ | 59%AA | 1%AA- | 1%A-1+ | 1%A+ | 4%A | 6%A- | 9%A-1 | 1% BBB+ | 2%Not Rated | 2%
Portfolio Statistics
Portfolio Effective Duration 1.74 years
Benchmark Effective Duration 1.78 yearsPortfolio Credit Quality AA Yield At Market 3.03%
Yield At Cost 0.96%
Total Market Value $48,378,304.91
Securities Sub-Total $47,971,908.05Cash $306,824.00
Accrued Interest $99,572.86
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Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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. Includes accrued interest and excludes balancesinvested in overnight funds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchU.S. Treasury 44.3% UNITED STATES TREASURY 44.3% AA / Aaa / AAA
Federal Agency 13.4%
FANNIE MAE 3.6% AA / Aaa / AAA
FREDDIE MAC 9.8% AA / Aaa / AAA
Agency CMBS 1.0%
FANNIE MAE 0.3% AA / Aaa / AAA
FREDDIE MAC 0.7% AA / Aaa / AAA
Supranational 2.8%
INTER-AMERICAN DEVELOPMENT BANK 2.0% AAA / Aaa / AAA
INTL BANK OF RECONSTRUCTION AND DEV 0.9% AAA / Aaa / AAA Negotiable CD 2.1%
CREDIT SUISSE GROUP RK 0.9% A / Aa / A
DNB ASA 1.2% AA / Aa / NR
Corporate 23.2%
ABBOTT LABORATORIES 0.3% AA / A / NR
AMAZON.COM INC 1.2% AA / A / AAAMERICAN EXPRESS CO 0.8% BBB / A / AAMERICAN HONDA FINANCE 0.9% A / A / AASTRAZENECA PLC 0.6% A / A / NR BANK OF AMERICA CO 1.4% A / A / AA
BRISTOL-MYERS SQUIBB CO 0.4% A / A / NRBROWN-FORMAN CORP 0.2% A / A / NRBURLINGTON NORTHERN SANTA FE 0.3% AA / A / NRCATERPILLAR INC 0.8% A / A / ACHARLES SCHWAB 0.3% A / A / ACINTAS CORPORATION NO. 2 0.4% A / A / NR Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 23.2% CITIGROUP INC 0.8% BBB / A / ACOMCAST CORP 0.4% A / A / ADEERE & COMPANY 0.7% A / A / AEXXON MOBIL CORP 0.3% AA / Aa / NRGENERAL DYNAMICS CORP 0.3% A / A / NRGOLDMAN SACHS GROUP INC 0.6% BBB / A / AHERSHEY COMPANY 0.3% A / A / NRHOME DEPOT INC 0.1% A / A / AHONEYWELL INTERNATIONAL 0.3% A / A / AHORMEL FOODS CORP 0.3% A / A / NRHSBC HOLDINGS PLC 0.8% A / A / AIBM CORP 0.5% A / A / NRJP MORGAN CHASE & CO 1.5% A / A / AAMERCK & CO INC 0.3% A / A / AMORGAN STANLEY 0.8% A / A / ANATIONAL AUSTRALIA BANK LTD 0.5% AA / Aa / NRNATIONAL RURAL UTILITIES CO FINANCECORP

0.6% A / A / A
PACCAR FINANCIAL CORP 0.8% A / A / NRPNC FINANCIAL SERVICES GROUP 0.6% A / A / APRAXAIR INC 0.4% A / A / NRRABOBANK NEDERLAND 0.5% A / Aa / AA STATE STREET CORPORATION 0.7% A / A / AA
TARGET CORP 0.4% A / A / ATHE BANK OF NEW YORK MELLONCORPORATION

1.0% A / A / AA
TOYOTA MOTOR CORP 0.8% A / A / A
19 42
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 23.2% TRUIST FIN CORP 0.5% A / A / A
UNILEVER PLC 0.5% A / A / AUNITEDHEALTH GROUP INC 0.4% A / A / A ABS 13.3%
ALLY AUTO RECEIVABLES TRUST 0.5% AAA / Aaa / AAA
AMERICAN EXPRESS CO 0.8% AAA / NR / AAA
BMW FINANCIAL SERVICES NA LLC 0.2% AAA / Aaa / NRBMW VEHICLE OWNER TRUST 0.4% AAA / Aaa / AAACAPITAL ONE FINANCIAL CORP 2.2% AAA / Aaa / AAACARMAX AUTO OWNER TRUST 1.4% AAA / Aaa / AAADISCOVER FINANCIAL SERVICES 0.9% AAA / Aaa / AAAFIFTH THIRD AUTO TRUST 0.0% AAA / Aaa / NRFORD CREDIT AUTO OWNER TRUST 0.3% AAA / NR / AAAGM FINANCIAL CONSUMER AUTOMOBILETRUST

1.0% AAA / Aaa / AAA
GM FINANCIAL LEASINGTRUST 0.6% AAA / Aaa / AAAHARLEY-DAVIDSON MOTORCYCLE TRUST 0.6% AAA / Aaa / AAAHONDA AUTO RECEIVABLES 0.6% AAA / Aaa / AAAHYUNDAI AUTO RECEIVABLES 1.0% AAA / NR / AAAMERCEDES-BENZ AUTO LEASE TRUST 0.1% AAA / NR / AAANISSAN AUTO RECEIVABLES 0.2% AAA / Aaa / AAATOYOTA MOTOR CORP 0.6% AAA / Aaa / NRVERIZON OWNER TRUST 1.0% AAA / Aaa / AAAVOLKSWAGEN AUTO LEASE TURST 0.2% NR / Aaa / AAA WORLD OMNI AUTO REC TRUST 0.6% AAA / NR / AAA
Total 100.0%
20 43
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Portfolio Characteristics
|
$0.0
$11.0
$22.0$33.0$44.0$55.0
Millions
June 2022
$0.0
$11.0
$22.0$33.0$44.0$55.0
Millions
March 2022
$0.0
$11.0
$22.0$33.0$44.0$55.0
Millions
December 2021
$0.0
$11.0
$22.0$33.0$44.0$55.0
Millions
September 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 fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. Detail may not add to total due to rounding.

Security Type Sep-21 % of Total Dec-21 % of Total Mar-22 % of Total Jun-22 % of Total U.S. Treasury $25.8 47.0% $25.6 47.0% $20.5 42.1% $21.3 44.3%Federal Agency $10.0 18.1% $9.9 18.2% $8.1 16.8% $6.4 13.4% Agency CMBS $1.2 2.3% $1.0 1.9% $0.9 1.8% $0.5 1.0%
Supranational $1.8 3.3% $1.8 3.3% $1.7 3.6% $1.3 2.8%Negotiable CD $2.6 4.8% $2.2 4.0% $1.0 2.1% $1.0 2.1%Corporate $8.4 15.4% $8.7 16.1% $11.4 23.4% $11.1 23.1% ABS $5.0 9.1% $5.1 9.5% $4.9 10.2% $6.4 13.3%
Total $54.9 100.0% $54.3 100.0% $48.5 100.0% $48.0 100.0% 21 44
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Portfolio Activity
|
Portfolio Activity - CITY OF LOS ALTOS INVESTMENT PORTFOLIO Net Activity by Sector
($ millions)
Federal Agency
Agency CMBS
SupranationalCorporate
U.S. Treasury
ABS
Federal Agency
Agency CMBS
Supranational
Corporate
U.S. Treasury
ABS
($2.0) ($1.0) $0.0 $1.0 $2.0 $3.0
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 Activity
ABS $1,474,162
U.S. Treasury $924,345Corporate ($120,714)Supranational ($377,680) Agency CMBS ($396,069)
Federal Agency ($1,672,578)Total Net Activity ($168,535) Sales/Maturities Purchases
22 45
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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. -4.0%-3.0%-2.0%-1.0%

0.0%1.0%2.0%
Return
Portfolio Benchmark Net of Fees
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 YearsInterest Earned² $121,806 $490,385 $2,697,316 $4,845,417 $6,211,611 Change in Market Value ($389,407) ($2,174,896) ($1,652,020) ($1,191,636) ($1,480,973) Total Dollar Return ($267,601) ($1,684,511) $1,045,296 $3,653,781 $4,730,638Total Return³ Portfolio -0.55% -3.25% 0.45% 1.19% 0.95%Benchmark⁴ -0.50% -3.30% 0.24% 0.94% 0.79%Basis Point Fee 0.02% 0.09% 0.09% 0.09% 0.09%Net of Fee Return -0.57% -3.34% 0.36% 1.10% 0.86% 3 Months 1 Year 3 Years 5 Years 10 Years
23 46
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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%

0.03%

0.35%

0.54%

0.36%

0.10%

0.61%

0.06%

0.13%
-0.73%
-1.41%
-0.53%
-0.50%
-0.35%
-0.52%
-0.65%
-3.0% -1.8% -0.6% 0.6% 1.8% 3.0%
Return
24 47
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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 Earned²Realized Gains / (Losses)³Change in Amortized CostTotal Earnings 3 Months
$121,806
($65,856)
($29,212)
$26,739
1 Year
$490,385
$92,298
($104,246)
$478,438
3 Years
$2,697,316
$990,450
($145,865)
$3,541,901
5 Year
$4,845,417
$588,782
($107,292)
$5,326,907
10 Year¹
$6,211,611
$632,934
($243,999)
$6,600,546
25 48
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Portfolio Composition
|
Issuer Distribution
As of June 30, 2022
Issuer Market Value ($) % of Portfolio
UNITED STATES TREASURY 21,274,372 44.34%FREDDIE MAC 5,013,555 10.44%FANNIE MAE 1,880,161 3.91%CAPITAL ONE FINANCIAL CORP 1,034,406 2.15%INTER-AMERICAN DEVELOPMENT BANK 936,537 1.94% AMERICAN EXPRESS CO 732,707 1.53%
JP MORGAN CHASE & CO 708,301 1.48%CARMAX AUTO OWNER TRUST 692,661 1.44%BANK OF AMERICA CO 684,779 1.43%TOYOTA MOTOR CORP 654,518 1.36%DNB ASA 573,403 1.20% AMAZON.COM INC 560,859 1.17%
VERIZON OWNER TRUST 504,226 1.05%THE BANK OF NEW YORK MELLON CORPORATION 492,157 1.03%HYUNDAI AUTO RECEIVABLES 482,816 1.01%GM FINANCIAL CONSUMER AUTOMOBILE TRUST 473,007 0.99%CREDIT SUISSE GROUP RK 416,726 0.87%DISCOVER FINANCIAL SERVICES 413,033 0.86% AMERICAN HONDA FINANCE 411,428 0.86%
INTL BANK OF RECONSTRUCTION AND DEV 409,261 0.85%CATERPILLAR INC 385,299 0.80%CITIGROUP INC 384,296 0.80%PACCAR FINANCIAL CORP 383,416 0.80%HSBC HOLDINGS PLC 372,578 0.78% 26 49
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Portfolio Composition
|
Issuer Market Value ($) % of PortfolioMORGAN STANLEY 363,330 0.76%DEERE & COMPANY 357,183 0.74%STATE STREET CORPORATION 352,399 0.73%WORLD OMNI AUTO REC TRUST 303,046 0.63%HONDA AUTO RECEIVABLES 295,748 0.62%HARLEY-DAVIDSON MOTORCYCLE TRUST 295,380 0.62%GOLDMAN SACHS GROUP INC 294,188 0.61%PNC FINANCIAL SERVICES GROUP 275,225 0.57% ASTRAZENECA PLC 274,969 0.57%
GM FINANCIAL LEASINGTRUST 268,604 0.56%NATIONAL RURAL UTILITIES CO FINANCE CORP 266,919 0.56%NATIONAL AUSTRALIA BANK LTD 252,620 0.53%IBM CORP 250,582 0.52% ALLY AUTO RECEIVABLES TRUST 244,423 0.51%
RABOBANK NEDERLAND 235,255 0.49%TRUIST FIN CORP 230,009 0.48%UNILEVER PLC 219,188 0.46%BMW VEHICLE OWNER TRUST 204,145 0.43%TARGET CORP 200,588 0.42%COMCAST CORP 200,572 0.42%BRISTOL-MYERS SQUIBB CO 196,313 0.41%UNITEDHEALTH GROUP INC 181,022 0.38%CINTAS CORPORATION NO. 2 175,252 0.37%PRAXAIR INC 172,194 0.36%CHARLES SCHWAB 167,864 0.35%HORMEL FOODS CORP 166,095 0.35%HONEYWELL INTERNATIONAL 165,024 0.34% 27 50
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Portfolio Composition
|
Issuer Market Value ($) % of PortfolioGENERAL DYNAMICS CORP 164,532 0.34% ABBOTT LABORATORIES 162,805 0.34%
MERCK & CO INC 128,293 0.27%EXXON MOBIL CORP 127,158 0.27%FORD CREDIT AUTO OWNER TRUST 124,594 0.26%BURLINGTON NORTHERN SANTA FE 123,257 0.26%HERSHEY COMPANY 120,494 0.25%BROWN-FORMAN CORP 114,485 0.24%NISSAN AUTO RECEIVABLES 113,467 0.24%BMW FINANCIAL SERVICES NA LLC 103,688 0.22%VOLKSWAGEN AUTO LEASE TURST 99,255 0.21%MERCEDES-BENZ AUTO LEASE TRUST 58,883 0.12%HOME DEPOT INC 39,148 0.08%FIFTH THIRD AUTO TRUST 9,211 0.02% Grand Total 47,971,908 100.00%
28 51
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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
Amortized
Cost
U.S. Treasury
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 0.28 942.62 1,499,483.34 1,450,312.50 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 0.52 900.31 1,422,240.69 1,376,683.67 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 0.22 686.48 2,150,939.50 2,071,054.58 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 0.58 254.10 599,316.64 579,562.50 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 81.97 1,498,226.23 1,439,062.50 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 1,326.31 2,298,072.62 2,201,531.25 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 0.22 164.36 349,461.09 334,304.67 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 0.27 587.02 1,247,016.28 1,193,945.25 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 1,937.50 592,037.03 564,847.69 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 0.47 218.58 1,991,366.24 1,896,250.00 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 15.52 141,456.36 134,633.75 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 1,037.98 599,559.40 569,062.50 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 1,297.48 750,609.67 711,328.13 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 2,218.92 1,573,758.79 1,489,605.39 US TREASURY N/B NOTESDTD 09/15/2021 0.375% 09/15/2024
91282CCX7 1,000,000.00 AA+ Aaa 10/1/2021 10/6/2021 995,937.50 0.51 1,100.54 996,950.29 943,437.50 29 52
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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
Amortized
Cost
U.S. Treasury
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 4,169.84 1,690,349.22 1,593,796.88 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 1,238.73 1,000,116.66 940,417.92 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 0.44 730.53 589,631.16 554,605.44 US TREASURY N/B NOTESDTD 12/15/2021 1.000% 12/15/2024
91282CDN8 325,000.00 AA+ Aaa 1/3/2022 1/5/2022 324,771.48 1.02 142.08 324,809.11 309,460.94 US TREASURY NOTESDTD 06/30/2020 0.250% 06/30/2025
912828ZW3 1,000,000.00 AA+ Aaa 6/1/2022 6/3/2022 923,281.25 2.88 6.79 925,194.10 920,468.80 Security Type Sub-Total 22,242,000.00 22,274,075.87 0.47 19,057.66 22,240,594.42 21,274,371.86 Supranational
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 0.51 226.11 439,956.52 430,760.00 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 0.32 109.20 424,573.58 409,260.55 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 0.52 728.19 534,705.60 505,777.23 Security Type Sub-Total 1,400,000.00 1,398,540.75 0.46 1,063.50 1,399,235.70 1,345,797.78 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 2.03 944.92 575,000.00 573,403.23 CREDIT SUISSE NEW YORK CERTDEPOSDTD 03/23/2021 0.590% 03/17/2023 22552G3C2 425,000.00 A-1 P-1 3/19/2021 3/23/2021 425,000.00 0.59 738.32 425,000.00 416,725.68 Security Type Sub-Total 1,000,000.00 1,000,000.00 1.42 1,683.24 1,000,000.00 990,128.91 30 53
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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
Amortized
Cost
Federal Agency
FREDDIE MAC NOTESDTD 06/26/2020 0.250% 06/26/2023
3137EAES4 1,050,000.00 AA+ Aaa 6/24/2020 6/26/2020 1,046,934.00 0.35 36.46 1,048,992.00 1,023,151.50 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 1,134,166.53 1,104,532.06 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 0.26 771.88 649,912.92 632,551.40 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 1,074,581.57 1,042,403.85 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 0.26 576.77 734,904.22 711,970.98 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 0.26 490.45 624,918.50 605,417.50 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 0.24 364.90 465,033.53 450,430.62 FREDDIE MAC NOTESDTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 900,000.00 AA+ Aaa 12/2/2020 12/4/2020 899,109.00 0.28 168.75 899,576.06 865,512.00 Security Type Sub-Total 6,635,000.00 6,626,914.61 0.29 4,705.11 6,632,085.33 6,435,969.91 Corporate
PNC BANK NA (CALLABLE) CORPNOTESDTD 06/08/2018 3.500% 06/08/2023 69353RFL7 275,000.00 A A2 2/11/2020 2/13/2020 289,891.25 1.81 614.93 275,000.00 275,225.23 IBM CORP NOTESDTD 02/12/2014 3.625% 02/12/2024
459200HU8 125,000.00 A- A3 10/2/2020 10/6/2020 137,416.25 0.62 1,749.57 130,995.10 125,290.75 IBM CORP NOTESDTD 02/12/2014 3.625% 02/12/2024
459200HU8 125,000.00 A- A3 11/16/2021 11/18/2021 132,242.50 0.99 1,749.57 130,245.49 125,290.75 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 1,966.67 158,270.34 150,513.60 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 0.77 375.52 174,950.02 167,863.68 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 1,562.22 208,483.27 200,571.60 31 54
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

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 0.70 186.08 289,983.40 274,969.30 HORMEL FOODS CORP NOTES(CALLABLE)DTD 06/03/2021 0.650% 06/03/2024 440452AG5 175,000.00 A A1 3/10/2022 3/14/2022 169,457.75 2.12 88.47 170,201.72 166,095.30 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 76,376.32 79,935.32 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 3,500.00 209,690.97 200,588.40 BANK OF AMERICA (CALLABLE)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 3,391.73 206,398.71 198,742.80 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 86,669.17 82,479.18 32 55
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

AMERICAN EXPRESS CO CORP
NOTES (CALLABLEDTD 07/30/2019 2.500% 07/30/2024
025816CG2 225,000.00 BBB+ A2 11/19/2021 11/23/2021 233,055.00 1.14 2,359.38 231,189.63 219,157.20

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 0.77 547.29 184,911.72 173,966.79 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 0.52 285.97 144,944.99 136,417.60 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 0.63 241.71 100,000.00 94,293.40 GOLDMAN SACHS GROUP INC(CALLABLE) CORPDTD 06/10/2021 0.657% 09/10/2024 38141GYE8 150,000.00 BBB+ A2 6/7/2021 6/10/2021 150,000.00 0.66 303.86 150,000.00 143,674.65 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 0.64 375.00 199,930.96 188,037.00 BANK OF AMERICA CORP(CALLABLE) CORPORATDTD 10/21/2020 0.810% 10/24/2024 06051GJH3 275,000.00 A- A2 10/16/202 10/21/202 275,000.00 0.81 414.56 275,000.00 262,273.83 COOPERATIEVE RABOBANK UACORPORATE NOTESDTD 01/12/2022 1.375% 01/10/2025 21688AAS1 250,000.00 A+ Aa2 1/19/2022 1/24/2022 248,020.00 1.65 1,613.72 248,309.13 235,254.50 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 01/10/2022 1.250% 01/10/2025 24422EVY2 220,000.00 A A2 1/4/2022 1/10/2022 219,896.60 1.27 1,306.25 219,912.83 208,321.96

AMERICAN HONDA FINANCE
CORPORATE NOTESDTD 01/13/2022 1.500% 01/13/2025
02665WEA5 250,000.00 A- A3 1/11/2022 1/13/2022 249,802.50 1.53 1,750.00 249,832.95 237,461.50 LINDE INC/CT (CALLABLE)CORPORATE NOTESDTD 02/05/2015 2.650% 02/05/2025 74005PBN3 175,000.00 A A2 3/4/2022 3/8/2022 177,549.75 2.13 1,880.76 177,248.39 172,193.88 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 02/07/2022 1.875% 02/07/2025 63743HFC1 65,000.00 A- A2 2/22/2022 2/24/2022 64,400.70 2.20 487.50 64,471.24 62,209.75 33 56
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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
Amortized
Cost
Corporate
NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 02/07/2022 1.875% 02/07/2025 63743HFC1 110,000.00 A- A2 1/31/2022 2/7/2022 109,996.70 1.88 825.00 109,997.13 105,278.03 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 1,400.21 135,679.83 128,293.10 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 1,380.00 204,298.98 190,653.80 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 0.56 358.91 170,000.00 160,220.24

AMERICAN EXPRESS CO CORP
NOTES (CALLABLEDTD 03/04/2022 2.250% 03/04/2025
025816CQ0 100,000.00 BBB+ A2 3/2/2022 3/4/2022 99,821.00 2.31 731.25 99,840.44 96,261.80

AMERICAN EXPRESS CO CORP
NOTES (CALLABLEDTD 03/04/2022 2.250% 03/04/2025
025816CQ0 50,000.00 BBB+ A2 3/1/2022 3/4/2022 49,949.50 2.29 365.63 49,954.98 48,130.90 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 1,124.99 135,312.62 127,158.46 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 03/07/2022 2.125% 03/07/2025 24422EWB1 25,000.00 A A2 3/2/2022 3/7/2022 24,989.25 2.14 168.23 24,990.39 24,161.48 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 03/07/2022 2.125% 03/07/2025 24422EWB1 50,000.00 A A2 3/3/2022 3/7/2022 50,100.00 2.06 336.46 50,089.42 48,322.95

ABBOTT LABORATORIES CORP NOTE
(CALLABLE)DTD 03/10/2015 2.950% 03/15/2025
002824BB5 165,000.00 AA- A1 3/10/2022 3/14/2022 167,547.60 2.41 1,433.21 167,271.84 162,804.51 UNILEVER CAPITAL CORP NOTES(CALLABLE)DTD 03/22/2018 3.375% 03/22/2025 904764BB2 125,000.00 A+ A1 2/22/2022 2/24/2022 129,088.75 2.27 1,160.16 128,396.39 124,894.63 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 1.07 937.50 131,287.34 123,256.75 34 57
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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
Amortized
Cost
Corporate
PACCAR FINANCIAL CORPCORPORATE NOTESDTD 04/07/2022 2.850% 04/07/2025 69371RR73 250,000.00 A+ A1 3/31/2022 4/7/2022 249,935.00 2.86 1,662.50 249,940.04 246,998.25 AMAZON.COM INC CORPORATE
NOTESDTD 04/13/2022 3.000% 04/13/2025
023135CE4 350,000.00 AA A1 4/11/2022 4/13/2022 349,443.50 3.06 2,275.00 349,483.61 346,959.90 BROWN-FORMAN CORP NOTES(CALLABLE)DTD 03/26/2018 3.500% 04/15/2025 115637AS9 115,000.00 A- A1 2/24/2022 2/28/2022 119,465.45 2.21 849.72 118,958.29 114,484.92 HOME DEPOT INC (CALLABLE)CORPORATE NOTEDTD 03/28/2022 2.700% 04/15/2025 437076CM2 40,000.00 A A2 3/24/2022 3/28/2022 39,930.00 2.76 279.00 39,935.97 39,148.36 BANK OF NY MELLON (CALLABLE)CORP NOTESDTD 04/24/2020 1.600% 04/24/2025 06406RAN7 125,000.00 A A1 3/10/2022 3/14/2022 121,988.75 2.41 372.22 122,277.43 117,780.25 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 1.01 402.00 137,165.94 127,202.67 BANK OF NY MELLON CORP(CALLABLE) CORP NDTD 04/26/2022 3.350% 04/25/2025 06406RBC0 250,000.00 A A1 4/19/2022 4/26/2022 249,965.00 3.36 1,512.15 249,967.11 247,174.00 CINTAS CORPORATION NO. 2 CORPNOTE (CALLDTD 05/03/2022 3.450% 05/01/2025 17252MAP5 105,000.00 A- A3 4/26/2022 5/3/2022 104,976.90 3.46 583.63 104,978.15 105,150.99 CINTAS CORPORATION NO. 2 CORPNOTE (CALLDTD 05/03/2022 3.450% 05/01/2025 17252MAP5 70,000.00 A- A3 5/2/2022 5/4/2022 69,794.90 3.55 389.08 69,805.78 70,100.66 CITIGROUP INC (CALLABLE)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 0.91 286.13 175,281.06 163,900.45 CATERPILLAR FINL SERVICECORPORATE NOTESDTD 05/13/2022 3.400% 05/13/2025 14913R2V8 95,000.00 A A2 5/10/2022 5/13/2022 94,879.35 3.44 430.67 94,884.74 94,626.65 CATERPILLAR FINL SERVICECORPORATE NOTESDTD 05/13/2022 3.400% 05/13/2025 14913R2V8 30,000.00 A A2 5/10/2022 5/13/2022 29,997.00 3.40 136.00 29,997.13 29,882.10 35 58
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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
Amortized
Cost
Corporate
GENERAL DYNAMICS CORP(CALLABLE) CORP NODTD 05/11/2018 3.500% 05/15/2025 369550BG2 165,000.00 A- A3 3/4/2022 3/8/2022 171,512.55 2.21 737.92 170,833.54 164,531.90 HERSHEY CO CORP NOTES(CALLABLE)DTD 06/01/2020 0.900% 06/01/2025 427866BF4 130,000.00 A A1 2/23/2022 2/25/2022 124,784.40 2.18 97.50 125,335.71 120,494.14 JPMORGAN CHASE & CO (CALLABLE)CORP NOTEDTD 06/01/2021 0.824% 06/01/2025 46647PCH7 345,000.00 A- A2 5/24/2021 6/1/2021 345,000.00 0.82 236.90 345,000.00 322,713.69 HONEYWELL INTL CORP NOTES(CALLABLE)DTD 05/18/2020 1.350% 06/01/2025 438516CB0 175,000.00 A A2 3/2/2022 3/4/2022 171,234.00 2.04 196.88 171,612.19 165,024.30 TRUIST FINANCIAL CORP NOTES(CALLABLE)DTD 06/05/2018 3.700% 06/05/2025 05531FBE2 231,000.00 A- A3 2/7/2022 2/9/2022 242,822.58 2.10 617.28 241,401.07 230,008.78 NATIONAL AUSTRALIA BK/NYCORPORATE NOTESDTD 06/09/2022 3.500% 06/09/2025 63254ABD9 255,000.00 AA- Aa3 5/31/2022 6/9/2022 255,000.00 3.50 545.42 255,000.00 252,619.83 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 05/04/2022 3.450% 06/15/2025 63743HFE7 40,000.00 A- A2 4/27/2022 5/4/2022 39,989.20 3.46 218.50 39,989.75 39,772.44 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 05/04/2022 3.450% 06/15/2025 63743HFE7 60,000.00 A- A2 5/2/2022 5/4/2022 59,680.20 3.63 327.75 59,696.50 59,658.66 JP MORGAN CHASE CORP NOTES(CALLABLE)DTD 07/21/2015 3.900% 07/15/2025 46625HMN7 225,000.00 A- A2 3/10/2022 3/14/2022 232,026.75 2.91 4,046.25 231,347.75 225,367.20 MORGAN STANLEY CORP NOTESDTD 07/23/2015 4.000% 07/23/2025 6174468C6 85,000.00 A- A1 6/22/2022 6/24/2022 84,900.55 4.04 1,492.22 84,901.17 84,978.50 BANK OF AMERICA CORP NOTESDTD 07/30/2015 3.875% 08/01/2025 06051GFS3 225,000.00 A- A2 3/10/2022 3/14/2022 232,420.50 2.84 3,632.81 231,766.10 223,762.05 BRISTOL-MYERS SQUIBB COCORPORATE NOTESDTD 11/13/2020 0.750% 11/13/2025 110122DN5 125,000.00 A+ A2 2/22/2022 2/24/2022 118,435.00 2.23 125.00 119,048.96 113,834.00 36 59
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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
Amortized
Cost
ABS
GMALT 2020-3 A3DTD 09/29/2020 0.450% 08/21/2023
362569AC9 62,680.66 AAA Aaa 9/22/2020 9/29/2020 62,674.66 0.45 8.62 62,678.30 62,523.73 ALLYA 2019-1 A3
DTD 02/13/2019 2.910% 09/15/2023
02004WAC5 1,676.41 NR Aaa 2/5/2019 2/13/2019 1,676.21 2.91 2.17 1,676.36 1,676.38 CARMAX AUTO OWNER TRUSTDTD 10/24/2018 3.360% 09/15/2023 14315EAC4 1,170.85 AAA NR 10/17/201 10/24/201 1,170.84 3.36 1.75 1,170.85 1,170.88 NAROT 2019-A A3DTD 02/13/2019 2.900% 10/15/2023
65479KAD2 19,293.37 NR Aaa 2/5/2019 2/13/2019 19,290.44 2.90 24.87 19,292.56 19,307.04 MBALT 2020-B A3DTD 09/23/2020 0.400% 11/15/2023
58769EAC2 59,247.93 AAA NR 9/15/2020 9/23/2020 59,244.93 0.40 10.53 59,246.62 58,882.97 COPAR 2019-1 A3DTD 05/30/2019 2.510% 11/15/2023
14042WAC4 14,046.13 AAA Aaa 5/21/2019 5/30/2019 14,043.29 2.51 15.67 14,045.26 14,054.67 FIFTH THIRD AUTO TRUSTDTD 05/08/2019 2.640% 12/15/2023
31680YAD9 9,208.23 AAA Aaa 4/30/2019 5/8/2019 9,206.21 2.65 10.80 9,207.59 9,210.60 BMWLT 2021-1 A3DTD 03/10/2021 0.290% 01/25/2024
05591RAC8 104,877.23 AAA Aaa 3/2/2021 3/10/2021 104,873.90 0.29 5.07 104,875.41 103,688.43 HDMOT 2019-A A3DTD 06/26/2019 2.340% 02/15/2024
41284WAC4 3,669.02 NR Aaa 6/19/2019 6/26/2019 3,668.74 2.34 3.82 3,668.92 3,669.45 CARMX 2019-2 A3DTD 04/17/2019 2.680% 03/15/2024
14316LAC7 37,914.14 AAA NR 4/9/2019 4/17/2019 37,910.27 2.68 45.16 37,912.80 37,938.41 VZOT 2019-C A1ADTD 10/08/2019 1.940% 04/22/2024
92348AAA3 123,153.57 AAA NR 10/1/2019 10/8/2019 123,144.06 1.94 73.00 123,149.78 123,027.57 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 21.82 209,979.16 206,080.14 NAROT 2019-C A3DTD 10/23/2019 1.930% 07/15/2024
65479JAD5 94,409.84 AAA Aaa 10/16/201 10/23/201 94,404.85 1.93 80.98 94,407.69 94,159.47 VZOT 2020-A A1ADTD 01/29/2020 1.850% 07/22/2024
92348TAA2 76,291.67 AAA Aaa 1/21/2020 1/29/2020 76,282.74 1.85 43.13 76,287.57 76,083.35 HDMOT 2020-A A3DTD 01/29/2020 1.870% 10/15/2024
41284UAD6 40,047.66 AAA Aaa 1/21/2020 1/29/2020 40,038.92 1.87 33.28 40,043.41 39,972.07 TAOT 2020-C A3DTD 07/27/2020 0.440% 10/15/2024
89237VAB5 134,246.70 AAA Aaa 7/21/2020 7/27/2020 134,236.37 0.44 26.25 134,241.09 132,474.27 HAROT 2020-3 A3DTD 09/29/2020 0.370% 10/18/2024
43813KAC6 150,321.60 AAA NR 9/22/2020 9/29/2020 150,299.52 0.37 20.08 150,309.07 147,659.66 38 61
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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
Amortized
Cost
ABS
BMWOT 2020-A A3DTD 07/15/2020 0.480% 10/25/2024
09661RAD3 71,451.22 AAA NR 7/8/2020 7/15/2020 71,445.83 0.48 5.72 71,448.30 70,513.60 CARMX 2020-1 A3DTD 01/22/2020 1.890% 12/16/2024
14315XAC2 93,860.81 AAA NR 1/14/2020 1/22/2020 93,842.40 1.89 78.84 93,851.56 93,238.17 HART 2020-B A3DTD 07/22/2020 0.480% 12/16/2024
44933FAC0 122,746.24 AAA NR 7/14/2020 7/22/2020 122,723.26 0.48 26.19 122,733.39 121,051.86 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 44.52 309,962.00 305,115.42 GMCAR 2020-3 A3DTD 08/19/2020 0.450% 04/16/2025
362590AC5 151,540.35 NR Aaa 8/11/2020 8/19/2020 151,505.67 0.46 28.41 151,519.55 149,050.68 WOART 2020-B A3DTD 06/24/2020 0.630% 05/15/2025
98163WAC0 124,130.38 AAA NR 6/16/2020 6/24/2020 124,120.65 0.63 34.76 124,124.67 122,282.82 VWALT 2022-A A3DTD 06/14/2022 3.440% 07/21/2025
92868AAC9 100,000.00 NR Aaa 6/7/2022 6/14/2022 99,992.04 3.44 162.44 99,992.16 99,255.41 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 19.42 114,991.14 111,380.01 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 37.89 154,972.04 148,088.83 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 28.89 124,979.72 121,345.69 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 39.47 119,976.91 114,481.84 FORDO 2022-A A3DTD 01/24/2022 1.290% 06/15/2026
345286AC2 130,000.00 AAA NR 1/19/2022 1/24/2022 129,984.56 1.29 74.53 129,986.08 124,593.70 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 63.56 259,965.34 249,831.92 BMWOT 2022-A A3DTD 05/18/2022 3.210% 08/25/2026
05602RAD3 135,000.00 AAA Aaa 5/10/2022 5/18/2022 134,992.98 3.21 72.23 134,993.18 133,631.18 TAOT 2022-B A3DTD 04/13/2022 2.930% 09/15/2026
89238FAD5 145,000.00 AAA Aaa 4/7/2022 4/13/2022 144,996.61 2.93 188.82 144,996.78 143,353.08 COPAR 2021-1 A3DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 160,000.00 AAA Aaa 10/19/202 10/27/202 159,996.98 0.77 54.76 159,997.40 151,468.75 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 39.96 154,971.88 145,189.49 39 62
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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
Amortized
Cost
ABS
GMCAR 2021-4 A3DTD 10/21/2021 0.680% 09/16/2026
362554AC1 100,000.00 AAA Aaa 10/13/202 10/21/202 99,997.45 0.68 28.33 99,997.81 95,000.34 WOART 2021-D A3DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 190,000.00 AAA NR 10/26/202 11/3/2021 189,974.12 0.81 68.40 189,977.56 180,762.98 HART 2022-A A3DTD 03/16/2022 2.220% 10/15/2026
448977AD0 140,000.00 AAA NR 3/9/2022 3/16/2022 139,994.61 2.22 138.13 139,994.95 135,902.73 COMET 2021-A3 A3DTD 11/30/2021 1.040% 11/15/2026
14041NFY2 305,000.00 AAA NR 11/18/2021 11/30/2021 304,957.97 1.04 140.98 304,962.91 288,380.95 ALLYA 2022-1 A3
DTD 05/18/2022 3.310% 11/15/2026
02008JAC0 245,000.00 AAA Aaa 5/10/2022 5/18/2022 244,952.57 3.31 360.42 244,953.84 242,746.93 GMCAR 2022-1 A3DTD 01/19/2022 1.260% 11/16/2026
380146AC4 110,000.00 AAA NR 1/11/2022 1/19/2022 109,990.44 1.26 57.75 109,991.32 105,123.47 HDMOT 2022-A A3DTD 04/20/2022 3.060% 02/15/2027
41284YAD8 255,000.00 AAA Aaa 4/12/2022 4/20/2022 254,957.54 3.06 346.80 254,959.28 251,738.12 GMCAR 2022-2 A3DTD 04/13/2022 3.100% 02/16/2027
362585AC5 125,000.00 AAA Aaa 4/5/2022 4/13/2022 124,973.88 3.10 161.46 124,975.05 123,832.26 CARMX 2022-2 A3DTD 04/28/2022 3.490% 02/16/2027
14317HAC5 190,000.00 AAA Aaa 4/21/2022 4/28/2022 189,971.10 3.49 294.71 189,972.15 189,136.05 COMET 2022-A1 A1DTD 03/30/2022 2.800% 03/15/2027
14041NFZ9 250,000.00 AAA NR 3/23/2022 3/30/2022 249,981.15 2.80 311.11 249,982.12 244,830.23 COMET 2022-A2 ADTD 06/14/2022 3.490% 05/15/2027
14041NGA3 335,000.00 AAA NR 6/6/2022 6/14/2022 334,946.47 3.49 552.10 334,946.98 335,670.99 AMXCA 2022-2 A
DTD 05/24/2022 3.390% 05/17/2027
02582JJT8 370,000.00 AAA NR 5/17/2022 5/24/2022 369,918.16 3.39 557.47 369,919.87 369,157.33 DCENT 2022-A2 ADTD 05/26/2022 3.320% 05/17/2027
254683CS2 270,000.00 NR Aaa 5/19/2022 5/26/2022 269,978.05 3.32 398.40 269,978.48 267,843.97 Security Type Sub-Total 6,500,984.01 6,500,087.92 1.77 4,843.47 6,500,266.86 6,365,577.89 Managed Account Sub Total 49,681,205.47 49,880,945.96 99,572.86 47,971,908.05Securities Sub TotalAccrued Interest $49,681,205.47 $49,880,945.96 $99,572.86 $47,971,908.05 $99,572.86
49,773,931.86
$49,773,931.86

0.96 0.96%
Total Investments $48,071,480.91
40 63
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
BUY3/31/2022 4/7/2022 250,000.00 69371RR73 PACCAR FINANCIAL CORP CORPORATE NOTES 2.85% 4/7/2025 249,935.00 2.86%4/5/2022 4/13/2022 125,000.00 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 124,973.88 3.10%4/7/2022 4/13/2022 145,000.00 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 144,996.61 2.93%4/11/2022 4/13/2022 350,000.00 023135CE4 AMAZON.COM INC CORPORATE NOTES 3.00% 4/13/2025 349,443.50 3.06%4/12/2022 4/20/2022 255,000.00 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 254,957.54 3.06%4/19/2022 4/26/2022 250,000.00 06406RBC0 BANK OF NY MELLON CORP (CALLABLE) CORP N 3.35% 4/25/2025 249,965.00 3.35%4/21/2022 4/28/2022 190,000.00 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 189,971.10 3.49%4/26/2022 5/3/2022 105,000.00 17252MAP5 CINTAS CORPORATION NO. 2 CORP NOTE (CALL 3.45% 5/1/2025 104,976.90 3.46%4/27/2022 5/4/2022 40,000.00 63743HFE7 NATIONAL RURAL UTIL COOP CORPORATE NOTES 3.45% 6/15/2025 39,989.20 3.46%5/2/2022 5/4/2022 70,000.00 17252MAP5 CINTAS CORPORATION NO. 2 CORP NOTE (CALL 3.45% 5/1/2025 69,801.61 3.55%5/2/2022 5/4/2022 60,000.00 63743HFE7 NATIONAL RURAL UTIL COOP CORPORATE NOTES 3.45% 6/15/2025 59,680.20 3.63%5/10/2022 5/13/2022 30,000.00 14913R2V8 CATERPILLAR FINL SERVICE CORPORATE NOTES 3.40% 5/13/2025 29,997.00 3.40%5/10/2022 5/18/2022 245,000.00 02008JAC0 ALLYA 2022-1 A3 3.31% 11/15/2026 244,952.57 3.31%5/10/2022 5/18/2022 135,000.00 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 134,992.98 3.21%5/10/2022 5/13/2022 95,000.00 14913R2V8 CATERPILLAR FINL SERVICE CORPORATE NOTES 3.40% 5/13/2025 94,879.35 3.44%5/17/2022 5/24/2022 375,000.00 40428HTA0 HSBC USA INC CORPORATE NOTES 3.75% 5/24/2024 374,985.00 3.75%5/17/2022 5/24/2022 370,000.00 02582JJT8 AMXCA 2022-2 A 3.39% 5/17/2027 369,918.16 3.39% 41 64
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
BUY5/19/2022 5/26/2022 270,000.00 254683CS2 DCENT 2022-A2 A 3.32% 5/17/2027 269,978.05 3.32%5/31/2022 6/9/2022 255,000.00 63254ABD9 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES 3.50% 6/9/2025 255,000.00 3.50%6/1/2022 6/3/2022 1,000,000.00 912828ZW3 US TREASURY NOTES 0.25% 6/30/2025 924,344.79 2.88%6/6/2022 6/14/2022 335,000.00 14041NGA3 COMET 2022-A2 A 3.49% 5/15/2027 334,946.47 3.49%6/7/2022 6/14/2022 100,000.00 92868AAC9 VWALT 2022-A A3 3.44% 7/21/2025 99,992.04 3.44%6/22/2022 6/24/2022 85,000.00 6174468C6 MORGAN STANLEY CORP NOTES 4.00% 7/23/2025 86,326.66 4.04% Total BUY 5,135,000.00 5,059,003.61 0.00
INTEREST3/1/2022 4/14/2022 275,000.00 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 575.214/1/2022 4/25/2022 228,724.56 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 448.874/1/2022 4/25/2022 28,152.65 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 49.084/1/2022 4/25/2022 186,683.28 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 380.344/1/2022 4/25/2022 129,534.04 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 291.504/1/2022 4/25/2022 274,674.57 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 574.534/1/2022 4/25/2022 7,521.72 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 20.084/1/2022 4/1/2022 125,000.00 12189LAV3 BURLINGTN NORTH SANTA FE CORP NOTES (CAL 3.00% 4/1/2025 1,875.004/1/2022 4/1/2022 MONEY0002 MONEY MARKET FUND 0.57 42 65
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST4/15/2022 4/15/2022 160,000.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 102.674/15/2022 4/15/2022 75,000.00 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 25.004/15/2022 4/15/2022 305,000.00 14041NFY2 COMET 2021-A3 A3 1.04% 11/15/2026 264.334/15/2022 4/15/2022 190,000.00 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 128.254/15/2022 4/15/2022 63,839.84 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 142.584/15/2022 4/15/2022 22,879.45 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 50.724/15/2022 4/15/2022 153,442.82 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 80.564/15/2022 4/15/2022 171,926.91 89237VAB5 TAOT 2020-C A3 0.44% 10/15/2024 63.044/15/2022 4/15/2022 60,282.04 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 93.944/15/2022 4/15/2022 161,579.08 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 64.634/15/2022 4/15/2022 125,000.00 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 54.174/15/2022 4/15/2022 25,079.53 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 70.224/15/2022 4/15/2022 34,759.61 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 76.474/15/2022 4/15/2022 115,000.00 115637AS9 BROWN-FORMAN CORP NOTES (CALLABLE) 3.50% 4/15/2025 2,012.504/15/2022 4/15/2022 134,771.17 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 216.764/15/2022 4/15/2022 155,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 74.924/15/2022 4/15/2022 130,000.00 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 139.75 43 66
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST4/15/2022 4/15/2022 140,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 250.374/15/2022 4/15/2022 120,000.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 74.004/15/2022 4/15/2022 34,826.33 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 72.854/15/2022 4/15/2022 200,000.00 20030NCR0 COMCAST CORP (CALLABLE) CORPORATE NOTES 3.70% 4/15/2024 3,700.004/15/2022 4/15/2022 17,633.42 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 42.764/15/2022 4/15/2022 115,000.00 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 36.424/15/2022 4/15/2022 260,000.00 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 119.174/15/2022 4/15/2022 39,905.06 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 77.814/15/2022 4/15/2022 119,645.91 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 188.444/15/2022 4/15/2022 50,445.80 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 121.914/16/2022 4/16/2022 100,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 56.674/16/2022 4/16/2022 110,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 115.504/16/2022 4/16/2022 19,994.87 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 49.494/16/2022 4/16/2022 186,673.56 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 70.004/18/2022 4/18/2022 180,000.00 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 55.504/18/2022 4/18/2022 18,527.97 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 43.704/20/2022 4/20/2022 459058JV6 INTL BK OF RECON AND DEV NOTE 0.12% 4/20/2023 242.55 44 67
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST4/20/2022 4/20/2022 112,216.80 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 173.004/20/2022 4/20/2022 197,191.99 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 318.794/20/2022 4/20/2022 111,868.40 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 41.954/20/2022 4/20/2022 310,000.00 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 121.424/20/2022 4/20/2022 210,000.00 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 59.504/21/2022 4/21/2022 155,000.00 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 113.674/24/2022 4/24/2022 275,000.00 06051GJH3 BANK OF AMERICA CORP (CALLABLE) CORPORAT 0.81% 10/24/2024 1,113.754/24/2022 4/24/2022 260,000.00 06406RAN7 BANK OF NY MELLON (CALLABLE) CORP NOTES 1.60% 4/24/2025 2,080.004/25/2022 4/25/2022 94,010.79 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 37.604/25/2022 4/25/2022 105,000.00 05591RAC8 BMWLT 2021-1 A3 0.29% 1/25/2024 25.384/30/2022 4/30/2022 575,000.00 912828X70 US TREASURY NOTES 2.00% 4/30/2024 5,750.004/30/2022 4/30/2022 1,650,000.00 912828YM6 US TREASURY NOTES 1.50% 10/31/2024 12,375.004/30/2022 4/30/2022 1,425,000.00 91282CDD0 US TREASURY N/B NOTES 0.37% 10/31/2023 2,671.885/1/2022 5/1/2022 175,000.00 172967MX6 CITIGROUP INC (CALLABLE) CORPORATE NOTES 0.98% 5/1/2025 858.385/1/2022 5/25/2022 166,718.12 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 321.925/1/2022 5/25/2022 28,042.08 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 62.405/1/2022 5/25/2022 184,626.78 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 362.33 45 68
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST5/1/2022 5/25/2022 24,042.59 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 54.425/1/2022 5/25/2022 7,502.14 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 20.025/1/2022 5/25/2022 268,294.59 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 561.185/2/2022 5/2/2022 MONEY0002 MONEY MARKET FUND 0.515/11/2022 5/11/2022 85,000.00 166764BV1 CHEVRON CORP CORPORATE NOTES 1.14% 5/11/2023 484.935/12/2022 5/12/2022 225,000.00 023135BW5 AMAZON.COM INC CORPORATE NOTES 0.45% 5/12/2024 506.255/13/2022 5/13/2022 125,000.00 110122DN5 BRISTOL-MYERS SQUIBB CO CORPORATE NOTES 0.75% 11/13/2025 468.755/15/2022 5/15/2022 305,000.00 14041NFY2 COMET 2021-A3 A3 1.04% 11/15/2026 264.335/15/2022 5/15/2022 140,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 259.005/15/2022 5/15/2022 165,000.00 369550BG2 GENERAL DYNAMICS CORP (CALLABLE) CORP NO 3.50% 5/15/2025 2,887.505/15/2022 5/15/2022 38,806.01 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 93.785/15/2022 5/15/2022 125,000.00 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 54.175/15/2022 5/15/2022 145,000.00 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 377.645/15/2022 5/15/2022 16,202.04 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 45.375/15/2022 5/15/2022 190,000.00 91324PEB4 UNITEDHEALTH GROUP INC (CALLABLE) CORP N 0.55% 5/15/2024 522.505/15/2022 5/15/2022 52,756.31 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 82.215/15/2022 5/15/2022 157,678.90 89237VAB5 TAOT 2020-C A3 0.44% 10/15/2024 57.82 46 69
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST5/15/2022 5/15/2022 250,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 875.005/15/2022 5/15/2022 11,771.36 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 28.555/15/2022 5/15/2022 260,000.00 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 119.175/15/2022 5/15/2022 115,000.00 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 36.425/15/2022 5/15/2022 2,150,000.00 91282CAW1 US TREASURY NOTES 0.25% 11/15/2023 2,687.505/15/2022 5/15/2022 25,287.92 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 55.635/15/2022 5/15/2022 120,000.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 74.005/15/2022 5/15/2022 190,000.00 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 128.255/15/2022 5/15/2022 54,369.62 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 121.435/15/2022 5/15/2022 225,000.00 172967MR9 CITIGROUP INC (CALLABLE) CORPORATE NOTES 1.67% 5/15/2024 1,887.755/15/2022 5/15/2022 70,518.87 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 23.515/15/2022 5/15/2022 190,000.00 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 313.135/15/2022 5/15/2022 255,000.00 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 541.885/15/2022 5/15/2022 155,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 74.925/15/2022 5/15/2022 119,635.63 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 192.415/15/2022 5/15/2022 147,292.91 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 58.925/15/2022 5/15/2022 225,000.00 369550BD9 GENERAL DYNAMICS CORP NOTES 3.37% 5/15/2023 3,796.88 47 70
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST5/15/2022 5/15/2022 11,979.50 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 26.555/15/2022 5/15/2022 27,216.55 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 56.935/15/2022 5/15/2022 109,984.94 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 173.235/15/2022 5/15/2022 142,758.20 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 74.955/15/2022 5/15/2022 160,000.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 102.675/15/2022 5/15/2022 130,000.00 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 139.755/15/2022 5/15/2022 26,250.22 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 51.195/16/2022 5/16/2022 125,000.00 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 355.215/16/2022 5/16/2022 110,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 115.505/16/2022 5/16/2022 173,553.69 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 65.085/16/2022 5/16/2022 100,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 56.675/16/2022 5/16/2022 9,857.08 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 24.405/17/2022 5/17/2022 275,000.00 14913R2L0 CATERPILLAR FINL SERVICE CORPORATE NOTES 0.45% 5/17/2024 618.755/18/2022 5/18/2022 173,413.54 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 53.475/18/2022 5/18/2022 11,770.18 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 27.765/20/2022 5/20/2022 169,905.34 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 274.685/20/2022 5/20/2022 93,549.60 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 35.08 48 71
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST5/20/2022 5/20/2022 210,000.00 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 59.505/20/2022 5/20/2022 97,706.56 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 150.635/20/2022 5/20/2022 310,000.00 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 121.425/21/2022 5/21/2022 155,000.00 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 113.675/22/2022 5/22/2022 1,475,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 1,843.755/24/2022 5/24/2022 440,000.00 4581X0DM7 INTER-AMERICAN DEVEL BK NOTES 0.50% 5/24/2023 1,100.005/24/2022 5/24/2022 425,000.00 459058JM6 INTL BK RECON & DEVELOP NOTES 0.25% 11/24/2023 531.255/25/2022 5/25/2022 85,720.52 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 34.295/25/2022 5/25/2022 105,000.00 05591RAC8 BMWLT 2021-1 A3 0.29% 1/25/2024 25.385/28/2022 5/28/2022 290,000.00 04636NAC7 ASTRAZENECA FINANCE LLC (CALLABLE) CORP 0.70% 5/28/2024 1,015.005/31/2022 5/31/2022 600,000.00 91282CDM0 US TREASURY N/B NOTES 0.50% 11/30/2023 1,500.005/31/2022 5/31/2022 1,550,000.00 912828YV6 US TREASURY NOTES 1.50% 11/30/2024 11,625.006/1/2022 6/1/2022 130,000.00 427866BF4 HERSHEY CO CORP NOTES (CALLABLE) 0.90% 6/1/2025 585.006/1/2022 6/1/2022 345,000.00 46647PCH7 JPMORGAN CHASE & CO (CALLABLE) CORP NOTE 0.82% 6/1/2025 1,421.406/1/2022 6/1/2022 MONEY0002 MONEY MARKET FUND 60.756/1/2022 6/1/2022 175,000.00 438516CB0 HONEYWELL INTL CORP NOTES (CALLABLE) 1.35% 6/1/2025 1,181.256/1/2022 6/25/2022 7,481.16 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 19.97 49 72
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST6/1/2022 6/25/2022 169,303.22 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 332.266/1/2022 6/25/2022 156,770.38 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 297.866/1/2022 6/25/2022 24,161.40 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 42.126/1/2022 6/25/2022 267,593.93 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 564.686/2/2022 6/2/2022 575,000.00 23341VZT1 DNB BANK ASA/NY LT CD 2.04% 12/2/2022 5,930.176/3/2022 6/3/2022 175,000.00 440452AG5 HORMEL FOODS CORP NOTES (CALLABLE) 0.65% 6/3/2024 568.756/4/2022 6/4/2022 900,000.00 3137EAFA2 FREDDIE MAC NOTES 0.25% 12/4/2023 1,125.006/5/2022 6/5/2022 231,000.00 05531FBE2 TRUIST FINANCIAL CORP NOTES (CALLABLE) 3.70% 6/5/2025 4,273.506/7/2022 6/7/2022 80,000.00 24422EVQ9 JOHN DEERE CAPITAL CORP CORPORATE NOTES 0.45% 6/7/2024 180.006/8/2022 6/8/2022 275,000.00 69353RFL7 PNC BANK NA (CALLABLE) CORP NOTES 3.50% 6/8/2023 4,812.506/8/2022 6/8/2022 50,000.00 69371RQ82 PACCAR FINANCIAL CORP CORPORATE NOTES 0.80% 6/8/2023 200.006/15/2022 6/15/2022 145,801.71 89237VAB5 TAOT 2020-C A3 0.44% 10/15/2024 53.466/15/2022 6/15/2022 8,533.02 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 23.896/15/2022 6/15/2022 260,000.00 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 119.176/15/2022 6/15/2022 120,000.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 74.006/15/2022 6/15/2022 106,797.97 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 171.776/15/2022 6/15/2022 245,000.00 02008JAC0 ALLYA 2022-1 A3 3.31% 11/15/2026 608.21 50 73
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST6/15/2022 6/15/2022 255,000.00 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 650.256/15/2022 6/15/2022 130,000.00 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 139.756/15/2022 6/15/2022 160,000.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 102.676/15/2022 6/15/2022 325,000.00 91282CDN8 US TREASURY N/B NOTES 1.00% 12/15/2024 1,625.006/15/2022 6/15/2022 250,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 583.336/15/2022 6/15/2022 6,574.19 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 15.946/15/2022 6/15/2022 190,000.00 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 552.586/15/2022 6/15/2022 29,020.96 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 70.136/15/2022 6/15/2022 145,000.00 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 354.046/15/2022 6/15/2022 2,152.12 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 4.776/15/2022 6/15/2022 370,000.00 02582JJT8 AMXCA 2022-2 A 3.39% 5/17/2027 731.686/15/2022 6/15/2022 190,000.00 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 128.256/15/2022 6/15/2022 134,553.41 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 53.826/15/2022 6/15/2022 270,000.00 254683CS2 DCENT 2022-A2 A 3.32% 5/17/2027 473.106/15/2022 6/15/2022 155,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 74.926/15/2022 6/15/2022 2,142,000.00 91282CCG4 US TREASURY N/B NOTES 0.25% 6/15/2024 2,677.506/15/2022 6/15/2022 20,472.75 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 42.82 51 74
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST6/15/2022 6/15/2022 1,500,000.00 91282CBA8 US TREASURY NOTES 0.12% 12/15/2023 937.506/15/2022 6/15/2022 101,992.68 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 160.646/15/2022 6/15/2022 64,989.39 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 21.666/15/2022 6/15/2022 115,000.00 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 36.426/15/2022 6/15/2022 14,593.92 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 28.466/15/2022 6/15/2022 17,016.55 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 37.446/15/2022 6/15/2022 140,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 259.006/15/2022 6/15/2022 46,006.04 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 102.756/15/2022 6/15/2022 125,000.00 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 54.176/15/2022 6/15/2022 46,097.62 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 71.846/15/2022 6/15/2022 133,311.74 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 69.996/15/2022 6/15/2022 305,000.00 14041NFY2 COMET 2021-A3 A3 1.04% 11/15/2026 264.336/16/2022 6/16/2022 110,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 115.506/16/2022 6/16/2022 162,224.64 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 60.836/16/2022 6/16/2022 100,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 56.676/16/2022 6/16/2022 960.87 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 2.386/16/2022 6/16/2022 125,000.00 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 322.92 52 75
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
INTEREST6/18/2022 6/18/2022 161,467.68 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 49.796/18/2022 6/18/2022 5,566.06 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 13.136/20/2022 6/20/2022 86,896.90 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 133.976/20/2022 6/20/2022 210,000.00 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 59.506/20/2022 6/20/2022 146,257.48 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 236.456/20/2022 6/20/2022 310,000.00 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 121.426/20/2022 6/20/2022 77,977.33 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 29.246/21/2022 6/21/2022 155,000.00 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 113.676/25/2022 6/25/2022 78,426.81 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 31.376/25/2022 6/25/2022 105,000.00 05591RAC8 BMWLT 2021-1 A3 0.29% 1/25/2024 25.386/25/2022 7/12/2022 135,000.00 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 445.396/26/2022 6/26/2022 1,050,000.00 3137EAES4 FREDDIE MAC NOTES 0.25% 6/26/2023 1,312.506/30/2022 6/30/2022 1,000,000.00 912828ZW3 US TREASURY NOTES 0.25% 6/30/2025 1,250.00 Total INTEREST 41,165,005.89 115,157.86 0.00
MATURITY5/11/2022 5/11/2022 175,000.00 539830BE8 LOCKHEED MARTIN CORP NOTES (CALLED,OMD 3 2.90% 5/11/2022 175,986.81 53 76
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
MATURITY5/11/2022 5/11/2022 275,000.00 166764AH3 CHEVRON CORP (CALLED, OMD 6/24/23) 3.19% 5/11/2022 281,252.74 2,913.27 Total MATURITY 450,000.00 457,239.55 2,913.27
PAYDOWNS4/1/2022 4/25/2022 44,097.78 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 44,097.784/1/2022 4/25/2022 11,340.21 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 11,340.214/1/2022 4/25/2022 104,748.18 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 104,748.184/1/2022 4/25/2022 743.27 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 743.274/1/2022 4/25/2022 6,379.98 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 6,379.984/1/2022 4/25/2022 8,624.95 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 8,624.954/1/2022 4/25/2022 110.57 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 110.574/1/2022 4/25/2022 19.58 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 19.584/15/2022 4/15/2022 11,639.79 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 11,639.794/15/2022 4/15/2022 14,248.01 89237VAB5 TAOT 2020-C A3 0.44% 10/15/2024 14,248.014/15/2022 4/15/2022 5,862.06 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 5,862.064/15/2022 4/15/2022 9,660.97 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 9,660.974/15/2022 4/15/2022 7,609.78 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 7,609.784/15/2022 4/15/2022 14,286.17 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 14,286.17 54 77
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
PAYDOWNS4/15/2022 4/15/2022 10,684.62 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 10,684.624/15/2022 4/15/2022 7,525.73 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 7,525.734/15/2022 4/15/2022 9,471.69 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 9,471.694/15/2022 4/15/2022 8,877.49 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 8,877.494/15/2022 4/15/2022 15,135.54 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 15,135.544/15/2022 4/15/2022 10,899.95 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 10,899.954/15/2022 4/15/2022 9,470.22 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 9,470.224/15/2022 4/15/2022 13,654.84 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 13,654.844/15/2022 4/15/2022 4,481.13 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 4,481.134/16/2022 4/16/2022 13,119.87 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 13,119.874/16/2022 4/16/2022 10,137.79 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 10,137.794/18/2022 4/18/2022 6,586.46 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 6,586.464/18/2022 4/18/2022 6,757.79 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 6,757.794/20/2022 4/20/2022 18,318.80 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 18,318.804/20/2022 4/20/2022 14,510.24 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 14,510.244/20/2022 4/20/2022 27,286.65 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 27,286.654/25/2022 4/25/2022 8,290.27 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 8,290.27 55 78
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
PAYDOWNS5/1/2022 5/25/2022 24,042.59 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 24,042.595/1/2022 5/25/2022 20.98 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 20.985/1/2022 5/25/2022 4,297.42 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 4,297.425/1/2022 5/25/2022 5,650.32 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 5,650.325/1/2022 5/25/2022 700.66 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 700.665/1/2022 5/25/2022 3,880.68 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 3,880.685/1/2022 5/25/2022 15,323.56 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 15,323.565/15/2022 5/15/2022 11,877.19 89237VAB5 TAOT 2020-C A3 0.44% 10/15/2024 11,877.195/15/2022 5/15/2022 5,529.48 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 5,529.485/15/2022 5/15/2022 12,739.50 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 12,739.505/15/2022 5/15/2022 5,197.17 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 5,197.175/15/2022 5/15/2022 8,363.58 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 8,363.585/15/2022 5/15/2022 9,785.05 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 9,785.055/15/2022 5/15/2022 9,446.46 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 9,446.465/15/2022 5/15/2022 8,271.37 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 8,271.375/15/2022 5/15/2022 7,669.02 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 7,669.025/15/2022 5/15/2022 6,743.80 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 6,743.80 56 79
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
PAYDOWNS5/15/2022 5/15/2022 6,658.69 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 6,658.695/15/2022 5/15/2022 9,827.38 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 9,827.385/15/2022 5/15/2022 11,656.30 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 11,656.305/15/2022 5/15/2022 12,837.66 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 12,837.665/15/2022 5/15/2022 7,992.26 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 7,992.265/16/2022 5/16/2022 11,329.05 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 11,329.055/16/2022 5/16/2022 8,896.21 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 8,896.215/18/2022 5/18/2022 11,945.86 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 11,945.865/18/2022 5/18/2022 6,204.12 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 6,204.125/20/2022 5/20/2022 23,647.86 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 23,647.865/20/2022 5/20/2022 15,572.27 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 15,572.275/20/2022 5/20/2022 10,809.66 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 10,809.665/25/2022 5/25/2022 7,293.71 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 7,293.716/1/2022 6/25/2022 13,497.06 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 13,497.066/1/2022 6/25/2022 7,517.17 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 7,517.176/1/2022 6/25/2022 19.80 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 19.806/1/2022 6/25/2022 15,361.63 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 15,361.63 57 80
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
PAYDOWNS6/1/2022 6/25/2022 5,717.29 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 5,717.296/1/2022 6/25/2022 123,975.68 3137AVXN2 FHLMC MULTIFAMILY STRUCTURED P 2.35% 7/1/2022 123,975.686/15/2022 6/15/2022 10,924.90 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 10,924.906/15/2022 6/15/2022 7,362.17 14315EAC4 CARMAX AUTO OWNER TRUST 3.36% 9/15/2023 7,362.176/15/2022 6/15/2022 2,152.12 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 2,152.126/15/2022 6/15/2022 7,808.32 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 7,808.326/15/2022 6/15/2022 11,807.17 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 11,807.176/15/2022 6/15/2022 5,741.46 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 5,741.466/15/2022 6/15/2022 11,555.01 89237VAB5 TAOT 2020-C A3 0.44% 10/15/2024 11,555.016/15/2022 6/15/2022 9,727.59 65479KAD2 NAROT 2019-A A3 2.90% 10/15/2023 9,727.596/15/2022 6/15/2022 8,091.90 14316LAC7 CARMX 2019-2 A3 2.68% 3/15/2024 8,091.906/15/2022 6/15/2022 8,131.87 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 8,131.876/15/2022 6/15/2022 4,897.78 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 4,897.786/15/2022 6/15/2022 9,181.36 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 9,181.366/15/2022 6/15/2022 12,388.13 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 12,388.136/15/2022 6/15/2022 6,426.62 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 6,426.626/15/2022 6/15/2022 6,049.96 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 6,049.96 58 81
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
PAYDOWNS6/16/2022 6/16/2022 960.87 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 960.876/16/2022 6/16/2022 10,684.29 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 10,684.296/18/2022 6/18/2022 11,146.08 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 11,146.086/18/2022 6/18/2022 5,566.06 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 5,566.066/20/2022 6/20/2022 10,605.23 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 10,605.236/20/2022 6/20/2022 15,296.67 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 15,296.676/20/2022 6/20/2022 23,103.91 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 23,103.916/25/2022 6/25/2022 6,975.59 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 6,975.596/25/2022 6/25/2022 122.77 05591RAC8 BMWLT 2021-1 A3 0.29% 1/25/2024 122.77 Total PAYDOWNS 1,091,586.70 1,091,586.70 0.00
SELL3/31/2022 4/7/2022 200,000.00 912828Z86 US TREASURY NOTES 1.37% 2/15/2023 199,988.99 -1,411.104/6/2022 4/13/2022 125,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 122,713.65 -2,269.934/7/2022 4/11/2022 125,000.00 02079KAB3 ALPHABET INC CORP NOTES 3.37% 2/25/2024 127,881.56 -3,585.064/11/2022 4/13/2022 315,000.00 023135BP0 AMAZON.COM INC CORPORATE NOTES 0.40% 6/3/2023 309,233.75 -6,053.714/11/2022 4/13/2022 50,000.00 02079KAB3 ALPHABET INC CORP NOTES 3.37% 2/25/2024 51,055.50 -1,533.604/20/2022 4/25/2022 75,000.00 023135BW5 AMAZON.COM INC CORPORATE NOTES 0.45% 5/12/2024 71,949.56 -3,128.52 59 82
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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)
SELL4/20/2022 4/25/2022 190,000.00 037833DV9 APPLE INC CORPORATE NOTES 0.75% 5/11/2023 188,008.17 -2,461.184/21/2022 4/26/2022 75,000.00 02079KAB3 ALPHABET INC CORP NOTES 3.37% 2/25/2024 76,301.16 -2,606.414/21/2022 4/26/2022 100,000.00 023135BW5 AMAZON.COM INC CORPORATE NOTES 0.45% 5/12/2024 95,611.00 -4,494.495/2/2022 5/4/2022 75,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 73,552.88 -1,452.545/10/2022 5/13/2022 100,000.00 14913R2D8 CATERPILLAR FINL SERVICE CORPORATE NOTES 0.65% 7/7/2023 98,066.50 -2,139.505/18/2022 5/24/2022 385,000.00 459058JV6 INTL BK OF RECON AND DEV NOTE 0.12% 4/20/2023 377,680.40 -7,003.695/18/2022 5/24/2022 50,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 49,048.19 -902.615/19/2022 5/26/2022 250,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 245,254.44 -4,504.426/1/2022 6/3/2022 425,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 416,851.22 -7,768.856/1/2022 6/8/2022 250,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 245,495.28 -4,293.356/1/2022 6/3/2022 500,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 490,413.19 -9,096.486/6/2022 6/8/2022 85,000.00 166764BV1 CHEVRON CORP CORPORATE NOTES 1.14% 5/11/2023 84,199.79 -872.956/6/2022 6/8/2022 225,000.00 369550BD9 GENERAL DYNAMICS CORP NOTES 3.37% 5/15/2023 227,053.41 -3,025.996/7/2022 6/9/2022 50,000.00 69371RQ82 PACCAR FINANCIAL CORP CORPORATE NOTES 0.80% 6/8/2023 49,158.61 -819.406/13/2022 6/14/2022 30,000.00 3137EAES4 FREDDIE MAC NOTES 0.25% 6/26/2023 29,248.70 -756.14 Total SELL 3,680,000.00 3,628,765.95 -70,179.92
60 83
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Appendix
|
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bankis a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sourcesexternal to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers arefor illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion ofthe strategy rated by a NRSRO.It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any salescharges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to belower than the performance shown.The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast,projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion asof the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actualevents occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and datapresented are not necessarily indicative of future events or expected performance.For more information regarding PFMAM's services or entities, please visit www.pfmam.com.© 2022 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 61 84
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
Appendix
|
Important Disclosures
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. 62 85
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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. 63 86
Agenda Item # 4.
© PFM Asset Management LLC pfmam.com

CITY OF LOS ALTOS
For the Quarter Ended June 30, 2022
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. 64 87
Agenda Item # 4.

Reviewed By:

City Manager City Attorney
JM
Finance Director
JH JF

AGENDA REPORT SUMMARY
Meeting Date: August 23, 2022
Subject Emergency Declaration Resolution
Prepared by: Jon Maginot, Assistant 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; March 8, 2022; April 12, 2022; May 10, 2022; June 14, 2022; July 12, 2022; August 4, 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 a Resolution extending the declaration of a local emergency due to the COVID-19 pandemic 88 Agenda Item # 5.

Subject: Emergency Declaration Resolution
August 23, 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 subsequently adopted resolutions monthly beginning in October 2021 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
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 manner. 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.
89 Agenda Item # 5.

Resolution No. 2022-XX Page 1
ATTACHMENT 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 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 2020-08 ratifying and continuing the proclamation of local emergency; and
WHEREAS, since October 2021, the City Council has monthly adopted resolutions extending the declaration of a local emergency; and
WHEREAS, by the beginning of August 2022, over 2,300 Santa Clara County residents had 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 August 2022, approximately 92 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
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, although breakthrough infections are rare for fully vaccinated individuals, available COVID-19 vaccines have proven less effective against variants than against prior strains of the SARS-CoV-2 virus; 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 90 Agenda Item # 5.

Resolution No. 2022-XX Page 2
ATTACHMENT 1
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. At this If deemed appropriate the City Council may take further action.

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:
_____________________________
Angel Rodriguez, INTERIM CITY CLERK
91 Agenda Item # 5.

Reviewed By:

City Manager City Attorney
GE
Interim Finance Director
JH SN

AGENDA REPORT SUMMARY
Meeting Date: August 23, 2022
Subject Consider the Proposed Vesting Tentative Subdivision Map, Inclusionary Housing, and State Density Bonus Modification for a 196-Unit MultipleFamily Development at 5150 El Camino Real; consider finding that no further review under the California Environmental Quality Act (CEQA) is required for the project because the findings in CEQA Guidelines Section 15162 cannot be made.

Prepared by: Sean Gallegos, Senior Planner
Reviewed by: Nick Zornes, Development Services Director Approved by: Gabriel Engeland, City Manager
Attachment(s):

1. Resolution No. 2022-XX, Clean Version

2. Resolution No. 2022-XX, Redlined Version

3. Planning Commission Meeting Minutes, June 16, 2022

4. Planning Commission Agenda Report and Attachments, June 16, 2022

5. Project Plans
Initiated by:

Applicant – Michael Ducote, Prometheus Real Estate Group, Inc.

Previous Council Consideration:

None
Fiscal Impact:

The project will result in the following estimated financial contributions to the City’s special revenue funds:
 Park in-Lieu Fees: $9,564,800 ($48,800/multiple-family dwelling unit)  Traffic Impact Fees: $815,164 ($4,159/multiple-family dwelling unit)  Los Altos Public Art Fund: one percent of construction costs, up to $200,000 Environmental Review:

Subject: Proposed Vesting Tentative Map and State Density Bonus Modification for Multiple-family Residential Project at 5150 El Camino Real August 23, 2022 Page 2
Los Altos. The Mitigated Negative Declaration and Mitigation Monitoring and Reporting Program for the project were adopted for the project by the City on December 10, 2019, and for reasons set forth in further detail later in this report, a subsequent MND is not required under State CEQA Guidelines Section 15162.

Policy Question(s) for Council Consideration:
 Does the modified subdivision result in an orderly and compatible development pattern, within the subdivision and in relation to its surroundings?  Does the modified subdivision provide for quality site planning and design?  Does the proposed housing comply with the city’s Inclusionary Housing Requirements and Los Altos Density Bonus Ordinance?
Summary:
 The application includes a request to modify the approved Vesting Tentative Subdivision Map which created one lot for condominium purposes into a two-lot subdivision. Lot 1 includes two five-story buildings along El Camino Real with 172 rental units and Lot 2 will include the townhouse buildings with 24 units that will be further subdivided by a condominium plan to create for-sale units.
 The application requests to modify the previously approved 28 affordable units (12 moderate and 16 very-low income) to 29 low-income affordable units (or 20% of the 145 base units), to satisfy the City’s requirements for rental projects under its Inclusionary Housing Requirements.
 The application proposes to maintain the 35% density bonus, development concessions and waivers it is eligible for under State Density Bonus Law and the Los Altos Municipal Code (LAMC), but the project requests an additional development waiver from the required 75- foot site frontage requirement for Lot 2.
 On June 16, 2022, the Planning Commission reviewed the application and recommended the City Council approve the subdivision modification and density bonus request.

Staff Recommendation:

Approve the modification to the Vesting Tentative Subdivision Map, Inclusionary Housing and Density Bonus (application MOD22-0003) for a 196-Unit Multiple-Family Development at 5150 El Camino Real per the findings and conditions contained in the resolution (Attachment 1).

Purpose
Consider the recommendation from the Planning Commission and evaluate whether the project complies with the Los Altos Municipal Code requirements for vesting tentative subdivision map, inclusionary housing, and state density bonus approval and whether it furthers the city’s efforts for 93 Agenda Item # 6.

Subject: Proposed Vesting Tentative Map and State Density Bonus Modification for Multiple-family Residential Project at 5150 El Camino Real August 23, 2022 Page 3
the production of housing, as reflected in the Goals, Policies, and Programs of the Housing Element and other elements in the Los Altos General Plan.

Background
City Council
On December 10, 2019, the City Council approved a multiple-family condominium residential development with 196 units, common areas and one level of underground parking. The applicant requests to modify the approved Vesting Tentative Map which created one lot for condominium purposes into a two-lot subdivision. Lot 1 includes the two five-story buildings along El Camino Real with 172 rental units and Lot 2 will include the townhouse buildings with 24 units that will be further subdivided by a condominium plan to create for-sale units. The applicant also requests to modify the previously approved 28 affordable units (12 moderate and 16 very-low income) to 29 low-income affordable units (or 20% of the 145 base units), to satisfy the City’s requirements for rental projects. The applicant also proposes maintaining the 35 percent density bonus, development concessions and waivers it is eligible for under State Density Bonus Law and the Los Altos Municipal Code (LAMC), but the project will need an additional development waiver for the required 75-foot site frontage requirement for Lot 2.

Planning Commission Meeting
The Planning Commission held a public hearing on June 16, 2022, to consider the vesting tentative subdivision map and state density bonus approval request. The Commission voted unanimously to recommend approval. The Planning Commission meeting minutes and agenda report are included as Attachments 2 and 3.

Discussion/Analysis
General Plan
The General Plan contains goals and policies for the El Camino Real Corridor Special Planning Area in the Land Use Element, Community Design & Historic Resources Element, Economic Development Element, and Housing Element which emphasize increasing commercial vitality, intensification of development, developing housing, including affordable housing, improving the streetscape of the El Camino Real corridor and ensuring compatibility with adjacent residential land uses and nearby single-family neighborhoods.

The Housing Element encourages maximum densities of residential development as well as facilitating affordable housing. The project maintains a density of 52 units per acre, which would exceed the maximum density allowed for the El Camino Real corridor (38 dwellings per acre) and includes 29 affordable dwelling units. The site is identified as an opportunity site in the Housing 94 Agenda Item # 6.

Subject: Proposed Vesting Tentative Map and State Density Bonus Modification for Multiple-family Residential Project at 5150 El Camino Real August 23, 2022 Page 4
Element, with realistic potential to achieve 144 units. So, the proposed 196 units, with 29 affordable units, would meet and exceed the General Plan’s Housing Element housing projection target for this site.

As indicated, the proposed subdivision would not increase the density above what the City Council previously approved, but instead would provide for 172 of the approved units to be rental units rather than condominium units. This is consistent with Policy 2.3 of the City’s Fifth Cycle Housing Element, which is to encourage development of new rental units in multi-family districts. In recent years, the City has not received many applications for new rental housing development, even though rental housing tends to be more affordable by design than for-sale housing and provides housing opportunities for households that are unable to secure the financing necessary to enter the local real estate market. Also, the City’s inclusionary housing policies require a higher percentage of below market rate units for rental projects than for for-sale projects, so that the current proposal would secure an additional below market rate unit for the City’s inventory. Thus, the proposed subdivision is generally consistent with the policies in Goal 4 of the Housing Element, which encourages affordability and diversity of housing opportunities at all income levels.

The Land Use Element encourages intensification along the El Camino Real corridor while also requiring that new development be compatible with nearby residential land uses. Since the site is adjacent to a multiple-family building to the west and single-family properties to the south, the project includes increased setbacks along the right side and rear property lines, including a significant amount of landscaping and evergreen screening trees. In addition, the lower scale townhouses at the rear of the site provide a transition between the single-family residential uses and the taller condominium buildings along El Camino Real.

Zoning
The proposed subdivision includes two proposed lots. Lot 1 is proposed to be 2.4 acres and is considered a conforming interior lot according to CT zoning district and the “lot” definitions in Chapter 14.02 of the LAMC with the front lot line abutting El Camino Real. Lot 2 is a 1.4-acre lot that complies with the minimum 20,000 square foot area requirement of the CT zoning district (Section 14.50.070 LAMC), but does not have the required 75-foot site frontage along a public street. In lieu of satisfying this requirement, the project is eligible for a development waiver under State Density Bonus Law and the Los Altos Density Bonus Ordinance (Chapter 14.28, Article 2).

Since Lot 2 does not have the required 75-foot site frontage, it would be considered a “flag lot” per Section 14.02.070 due to having access to a street by means of a corridor of land not meeting the requirements for site width. Lot 2 is accessible by a 26-foot-wide emergency vehicle access easement and public access utility easement, and a four- to seven-foot-wide pedestrian access easement across Lot 1 from El Camino Real.
95 Agenda Item # 6.

Subject: Proposed Vesting Tentative Map and State Density Bonus Modification for Multiple-family Residential Project at 5150 El Camino Real August 23, 2022 Page 5
With regards to the lot orientation for a flag lot, Section 14.02.070 of the LAMC states that the “front lot” line is the “interior lot line most parallel to and nearest the street from which the means of access is obtained, except that where the average width of a flag lot exceeds its average depth and the longer dimension is considered the depth, the front lot line will be the property line from which the front yard is measured.” Furthermore, Section 14.02.070 LAMC states that a “front lot” line may be assigned or designated by the City Planner.

For Lot 2, the lot line most parallel to El Camino real is 574.4 feet long. Since the lot’s width of 574.4 feet exceeds its depth of 108 feet, the lot’s 574.4-foot width is reoriented to be the lot’s depth. Due to the lot’s width becoming the lot’s depth, the City Planner determined that the “front lot” line may be reoriented to either the east or west property lines. Staff determined that the west property line to be the front lot line. This is consistent with similar flag lot determinations on residential lots, would allow the project to maintain the yard relationships, required landscaping areas, and the approved building setbacks that exist with the approved site and design plans without any further changes. Figure 1 is provided below to illustrate the Flag Lot Determination.

Figure 1: Flog Lot Determination Example
The lot orientation is a significant determination for the development due to the “front lot line” determination establishing the setbacks along each property line. A front lot line along the east 96 Agenda Item # 6.

Subject: Proposed Vesting Tentative Map and State Density Bonus Modification for Multiple-family Residential Project at 5150 El Camino Real August 23, 2022 Page 6
property line results in a project, which complies with the front, side and rear yard setbacks of the Commercial Thoroughfare (CT) zoning district, as shown on Sheet A_0.07 of the project plans. A “front lot line” determination along the north property line would require modifications to the development to comply with the 30-foot front yard setback.

While the applicant has not requested a waiver under Government Code Section 65915(e) and Los Altos Municipal Code Section 14.28.046(C) from the definition of “flag lot” or “front lot” line for lot No. 2, a development waiver appears appropriate and reasonable for a project of this size and scope.1 To provide appropriate vehicular and pedestrian access from El Camino Real to lot No. 2, the lot would have appropriate and reasonable access and entry spaces to the townhouses with 26- foot-wide lanes with an emergency vehicle access easement (EVAE) and a private access and utility easement (PAUE), and a four- to seven-foot wide pedestrian assessment easement along the east and west sides of lot No. 1. The orientation of the front lot line along the west property line would be consistent with the development approved by the City Council on December 10, 2019, and it would result in the least adverse impacts to adjoining properties. If we view the west lot line as the “front,” then no waiver is required. In the alternative, even if the north lot line is treated as the front lot line, the project is entitled to a waiver.

Pursuant to findings under the State Density Bonus Laws, the development waiver would not have a specific, adverse impact upon public health and safety or on any real property that is listed in the California Register of Historical Resources, and it would not violate state or federal law.

The density bonus, concession and development waiver are discussed further in the Affordable Housing section below.

Traffic and Circulation
A full Transportation Impact Analysis (TIA) was prepared and considered by the City Council on December 10, 2019. The TIA analyzed potential impacts to pedestrians, bicycles, and transit services from the project, vehicle queuing at intersections, traffic added to Distel Drive and Clark Avenue due to cut-through and school related trips, site access and on-site circulation. There are no substantial changes to the project which will require revisions of the previous TIA that would increase in the severity of previously identified significant effects. Therefore, staff does not believe a subsequent addendum to the TIA is required under State CEQA Guidelines Sections 15162.

Parking

1 A project is entitled to a waiver if the findings for the waiver can be made, even if the waiver is not requested by the applicant. See Bankers Hill 150 v. City of San Diego, (2022) 74 Cal.App.5th 755, 770 (“[A] city must offer a waiver or reduction of development standards that would have the effect of physically precluding the construction of a development at the density, or with the requested concessions, permitted by the Density Bonus Law.”) 97 Agenda Item # 6.

Subject: Proposed Vesting Tentative Map and State Density Bonus Modification for Multiple-family Residential Project at 5150 El Camino Real August 23, 2022 Page 7
The City Council previously approved the project with a total of 290 parking spaces including 236 spaces in the underground parking garage for the rental units, 48 spaces in the townhouse garages and six surface level guest spaces along the access road (three on Lot 1 and three on Lot 2). In addition, two loading spaces (10 feet x 25 feet) are provided along the access road. The modification to the Vesting Tentative Subdivision Map does not modify the total number of residential units or parking spaces (290) approved by the City Council on December 10, 2019.

Bicycle and Pedestrian Amenities
There are no proposed modifications to the previously approved bicycle and pedestrian amenities.

Overall, the project’s pedestrian amenities and improvements continue to meet or exceed all applicable City policies and guidelines.

Affordable Housing - Density Bonus and Development Concessions The City Council previously approved two development concessions and one waiver in exchange for providing affordable housing for the 196-unit condominium development.

The proposed modification to the Vesting Tentative Subdivision Map subdivides the lot into two lots for condominium purposes, with two five-story buildings with 172 rental units on Lot 1, and the townhouse buildings with 24 for-sale condominium units on Lot 2. Due to the five-story buildings on Lot 1 being for rental purposes, the City’s Inclusionary Housing Requirements (LAMC Chapter 14.28, Article 1) requires a minimum of 20 percent of the units be affordable, with 20 percent designated as affordable at the low-income level or 15 percent designated as affordable at the very-low-income level.

With a base density of 145 units, the project must provide 29 affordable units. Since the applicant is proposing 29 low-income units, the project is in compliance with the City’s Inclusionary Housing Requirements. The following table breaks down the proposed unit types and sizes for both the affordable and market rate units for the project previously approved by the City Council and the proposal being reviewed by the Planning Commission:
98 Agenda Item # 6.

Subject: Proposed Vesting Tentative Map and State Density Bonus Modification for Multiple-family Residential Project at 5150 El Camino Real August 23, 2022 Page 8
Condominium Units Townhouse Units
Approved
12/10/19
Proposed Approved
12/10/19
Proposed
Affordable 1-
bedroom
12 14 Affordable 2-
bedroom
2 -
2-
bedroom
13 15 3-
bedroom
1 -
Market
Rate
1-
bedroom
68 66 Market
Rate
2-
bedroom
2 4
2-
bedroom
77 75 3-
bedroom
15 16
3-
bedroom
2 2 4-
bedroom
4 4
Total 172 172 24 24
Housing Element program 4.3.2 requires that affordable housing units generally reflect the size and number of bedrooms of the market rate units. In addition, the Inclusionary Housing Requirements requires that all affordable units in a project be constructed concurrently with market rate units, be dispersed throughout the project, and not be significantly distinguishable by size, design, construction or materials. The project’s Density Bonus Report (Attachment B) provides exhibits that show where the affordable units will be throughout the two five-story rental buildings, with no affordable proposed for the townhouse buildings. Condition No. 3 has been added to specify the breakdown of affordable units by income level, that the units shall be provided at the location on the approved plans, and that they shall not be significantly distinguishable with regard to design, construction or materials. Thus, as designed and conditioned, the proposed affordable housing units meet the intent of the City’s affordable housing requirements. As proposed, the inclusionary units in the rental component ensures that inclusionary units for the entire project are provided at the 20% rate applicable for rental projects rather than the 15% rate applicable to for-sale projects
Under the State’s density bonus regulations (Section 65915 of the California Government Code), the project qualifies for a 35 percent density bonus with at least 20 percent low-income units.

With regard to concessions, since the project is providing 20 percent of its units as affordable at the low-income level, it continues to qualify for two concessions per State’s density bonus regulations and the City’s Density Bonus Ordinance. The City Council approved the original project on December 10, 2019, with a height concession to allow the project to exceed the maximum height limit of 45 feet by 11 feet (on-menu) and a six-inch reduction in the required 99 Agenda Item # 6.

Subject: Proposed Vesting Tentative Map and State Density Bonus Modification for Multiple-family Residential Project at 5150 El Camino Real August 23, 2022 Page 9
parking stall width for the spaces in the underground parking garage (off-menu). The proposed project is not requesting to modify the previously approved concessions and waivers.

The project would need a new waiver under Government Code Section 65915(e) and Los Altos Municipal Code Section 14.28.046(C) to not require the 75-foot site frontage for lot No. 2, which is required under 14.50.070 of the Zoning Code. Per State Law and City Ordinance, the City must grant a requested waiver or development standard reduction unless it can make one or more the following findings:
 The waived or reduced development standard would not have the effect of physically precluding the construction of a development meeting the criteria of this section at the densities or with the concessions permitted under this section.  The waiver would have a specific, adverse impact upon health or safety for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact.  The waiver would have an adverse impact on any real property that is listed in the California Register of Historical Resources.  The waiver or reduced development standard would be contrary to state or federal law.

None of these findings can be made. To provide appropriate vehicular and pedestrian access from El Camino Real to Lot 2, the project would have 26-foot-wide lanes with an emergency vehicle access easement (EVAE) and private access and utility easement (PAUE), and four- to seven-footwide private pedestrian assess easements along the east and west sides of Lot 1. Thus, the requested waiver would not have a specific, adverse impact upon public health and safety or the physical environment or on any real property that is listed in the California Register of Historical Resources.

Subdivision
The project includes a modified Vesting Tentative Subdivision Map to create a two-lot subdivision. Lot 1 is proposed to be 2.4 acres and will include two five-story buildings for 172 rental units along El Camino Real with associated private and common areas and Lot 2 is proposed to be 1.4 acres and will be further subdivided with a condominium plan for the townhouse buildings with 24 for-sale units and associated private and common areas. The subdivision conforms to the permitted General Plan and Zoning Code densities as modified by State law. The subdivision is not injurious to public health and safety, and is suitable for the proposed type of development, and the subdivision provides proper access easements for ingress, egress, public utilities and public services. A comprehensive list of findings and approval conditions for the subdivision modification are contained in the resolution found in Attachment A. 100
Agenda Item # 6.

Subject: Proposed Vesting Tentative Map and State Density Bonus Modification for Multiple-family Residential Project at 5150 El Camino Real August 23, 2022 Page 10
While the applicant requests to modify the 196-unit development to eliminate the phased construction of the project, based on the City Council’s previous concerns that affordable housing and parking should be provided during the phases of construction or if (for unforeseen circumstances) the completion of the project could not be realized by the applicant. To address this, the following condition has been proposed in the Resolution:

Condition No. 4: The condition shall supersede Condition No. 5 in Resolution No. 2022-043.

Once construction is initiated by the developer, there shall be continuous progress without phasing of the development. The project shall provide the resident and guest parking spaces required for the rental and townhouse units.

Condition No. 5: The condition shall supersede Condition No. 6 in Resolution No. 2022-043.

Once construction is initiated by the developer, there shall be continuous progress without phasing of the development.

Condition No. 7: The condition shall supersede Condition No. 24 in Resolution No. 2022-043, Upon completion of the townhouses on Lot No. 2, five townhouses shall not be sold for five years from the date of occupancy and shall be held by an entity controlled by Prometheus Real Estate Group, Inc. If 172 rental units on Lot No. 1 are not initiated within five years from completion of townhouses, the five unsold townhouse units shall be dedicated as affordable units. If the 172 rental units on Lot No. 1 are initiated within five years from the completion of the townhouses, the condition for five unsold townhouse units be dedicated as affordable will terminate.

Environmental Review
CEQA requires analysis of agency approvals of discretionary “Projects.” A “Project,” under CEQA, is defined as “the whole of an action, which has a potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment” (State CEQA Guidelines Section 15378). The proposed Project is a project under CEQA. State CEQA Guidelines Section 15162 (Subsequent EIRs and Negative Declarations) provides that when a mitigated negative declaration (MND) is adopted for a project, no subsequent MND shall be prepared for that project unless changes to the project are proposed and the lead agency determines, on the basis of substantial evidence in light of the whole record, that there are new significant environmental effects due to a change in the project or circumstances, or there is new information of substantial importance as identified in State CEQA Guidelines Section 15162(a)(3). The project was evaluated in 2019 with the approval of the 196-unit multiple-family development. A Mitigated Negative Declaration (MND) was prepared and certified for the project 101
Agenda Item # 6.

Subject: Proposed Vesting Tentative Map and State Density Bonus Modification for Multiple-family Residential Project at 5150 El Camino Real August 23, 2022 Page 11
titled the 5150 El Camino Real Residential Development MND (SHC# 2019079050) and was adopted in December 2019.

The proposed project requests a modification to the approved vesting tentative map to subdivide the property from one lot to two lots. The tentative map does not involve any physical changes in the environment and hence does not have the potential for causing a significant effect on the environment. No potential new impacts related to the Project have been identified that would necessitate further environmental review beyond the impacts and issues already disclosed and analyzed in the 5150 El Camino Real Residential Development MND. No other special circumstances exist that would create a reasonable possibility that the Project will have a significant adverse effect on the environment. Therefore, no further environmental review is required.

Options
1) Adopt Resolution No. 2022-XX
Advantages: The subdivision would create two new parcels that maintain an orderly and compatible development pattern on El Camino Real, and the project would support replacing an underdeveloped commercial property with a highquality multiple-family development that helps the City meet its goals for producing new rental housing units and is supportive of the goals of the El Camino Real Corridor Special Planning Area
Disadvantages: None identified
2) Do not approve Resolution N. 2022-xx
Advantages: The existing parcel would remain unchanged.

Disadvantages: The City will reduce its progress on achieving its goals for the production of new housing units and implementation of objectives for the El Camino Real Corridor Special Planning Area.

Recommendation
The Planning Commission and staff recommends Option 1.
102
Agenda Item # 6.

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

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

FINDINGS, APPROVING A VESTING TENTATIVE SUBDIVISION MAP, INCLUSIONARY HOUSING AND DENSITY BONUS MODIFICATION FOR A 196- UNIT MULTIPLE-FAMILY DEVELOPMENT AT 5150 EL CAMINO REAL WHEREAS, the City of Los Altos received a development application from Michael Ducote of Prometheus Real Estate Group, Inc. (Applicant), for a modification to a 196-unit multiple-family residential development at 5150 El Camino Real that includes a modification to an approved Vesting Tentative Subdivision Map, Inclusionary Housing, and Density Bonus allowances (application MOD22-0003), referred to herein as the “Project”; and WHEREAS, said Project is located in the CT District, which allows multiple-family housing as a conditional use at a maximum density of 38 dwelling units per net acre of land; and WHEREAS, said Project has a net site area of 3.80 acres (165,345 square feet), which will allow for a base residential density of 145 dwelling units; and WHEREAS, the Applicant is offering 29 low-income affordable housing units for rental as part of the Project; and
WHEREAS, the Applicant’s proposed unit mix would consist of 20 percent of its base density as affordable, with 20 percent of the units affordable at the low-income level, thereby entitling the project to qualify for a density bonus, two concessions and additional concessions pursuant to Los Altos Municipal Code Section 14.28.046 and Government Code Section 65915, et seq.; and WHEREAS, the City Council on December 10, 2019 by Resolution 2019-43 approved two concessions under Government Code Section 65915(d) and Los Altos Municipal Code Section

14.28.040 to allow: a) the two condominium buildings along El Camino Real to have a primary height of 56 feet, where the Code allows for 45 feet; and b) an on-site parking stall width of 8.5 feet for the parking spaces in the underground garage, where the Code requires an on-site parking stall width of nine feet on December 10, 2019; and
WHEREAS, the Applicant is eligible for and has requested a 35 percent density bonus to allow development of the Project pursuant to Government Code 65915 and Los Altos Municipal Code Section 14.28.046 and Table A in the Appendix to the Affordable Housing Ordinance; and WHEREAS, the City Council approved on December 10, 2019 by Resolution 2019-43, a parking requirement alteration under Government Code Section 65915(p) and Los Altos Municipal Code Section 14.28.040 (which has since been moved to the Appendix to the Affordable Housing Ordinance per an amendment) to allow for a reduction in the parking requirement, inclusive of handicapped and guest parking, to allow for a reduction in the parking requirement to: 1) zero to one bedroom units, one onsite parking space, 2) two to three bedroom units, two onsite parking spaces, and for four and more bedroom units, two and one-half parking space on December 10, 2019; and
103
Agenda Item # 6.

ATTACHMENT 1
Resolution No. 2022-__ Page 2
WHEREAS, the Applicant is eligible for and has requested a waiver from the 75-foot site frontage requirement under Government Code Section 65915(e) and Los Altos Municipal Code Section

14.28.046 to not require a minimum site frontage where Section 14.50.070 requires a minimum 75-foot site frontage for lot No. 2; and
WHEREAS, the Project qualifies as a project under the California Environmental Quality Act (CEQA), Public Resource Code §§21000-21189.3 but no further environmental review is necessary; and
WHEREAS, State CEQA Guidelines Section 15162 (Subsequent EIRs and Negative Declarations) provides that when an EIR has been certified or negative declaration adopted for a project, no subsequent EIR or negative declaration shall be required for that project unless changes are proposed in the project and the lead agency determines, on the basis of substantial evidence in light of the whole record, that there are new significant environmental effects due to a change in the project or circumstances, or there is new information of substantial importance as identified in CEQA Guidelines Section 15162(a)(3); and
WHEREAS, the subject property was evaluated in 2019 with the approval of the 196-unit multiple-family development at 5150 El Camino Real. A Mitigated Negative Declaration (MND) was prepared for the project; and
WHEREAS, an MND was prepared and certified by the City Council as part of the 5150 El Camino Real Residential Development MND (SHC# 2019079050) on December 10, 2019; and WHEREAS, based on staff’s review of the Project, and as concurred in by the City Council in its independent judgment, no special circumstances exist that would create a reasonable possibility that the Project will have a significant effect on the environment beyond what was previously analyzed and disclosed or that would otherwise meet criteria specified in CEQA Guidelines Section 15162(a); and
WHEREAS, said Project has been processed in accordance with the applicable provisions of the California Government Code and the Los Altos Municipal Code; and WHEREAS, on June 16, 2022, the Planning Commission conducted a duly noticed public hearing at which members of the public were afforded an opportunity to comment upon the Project, and at the conclusion of the hearing, the Planning Commission recommended that the City Council approve the Project; and
WHEREAS, on August 23, 2022, the City Council held a duly noticed public meeting as prescribed by law and considered public testimony and evidence and recommendations presented by staff related to the Project; and
WHEREAS, all the requirements of the Public Resources Code, the State CEQA Guidelines, and the regulations and policies of the City of Los Altos have been satisfied or complied with by the City in connection with the Project; and
104
Agenda Item # 6.

ATTACHMENT 1
Resolution No. 2022-__ Page 3
WHEREAS, the findings and conclusions made by the City Council in this Resolution are based upon the oral and written evidence presented as well as the entirety of the administrative record for the proposed Project, which is incorporated herein by this reference. The findings are not based solely on the information provided in this Resolution; and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred.

NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Los Altos hereby approves the modifications to the Project subject to the Findings (Exhibit A), the Conditions of Approval (Exhibit B) from Resolution 2019-43 with modifications to the Project, attached hereto and incorporated by this reference.

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________
Anita Enander, MAYOR
Attest:
_____________________________
Angel Rodriguez, CITY CLERK
105
Agenda Item # 6.

ATTACHMENT 1
Resolution No. 2022-__ Page 4

EXHIBIT A

FINDINGS

1. FINDING: Finding that no further environmental review is necessary under CEQA pursuant to State CEQA Guidelines Section 15162 (Subsequent EIRs and Negative Declarations).

CEQA requires analysis of agency approvals of discretionary “Projects.” A “Project,” under CEQA, is defined as “the whole of an action, which has a potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment” (State CEQA Guidelines Section 15378).

The proposed Project is a project under CEQA. State CEQA Guidelines Section 15162 (Subsequent EIRs and Negative Declarations) provides that when a mitigated negative declaration (MND) adopted for a project, no subsequent EIR or MND shall be prepared for that project unless changes are proposed to the project and the lead agency determines, on the basis of substantial evidence in light of the whole record, that there are new significant environmental effects due to a change in the project or circumstances, or there is new information of substantial importance as identified in State CEQA Guidelines Section 15162(a)(3). The project was evaluated in 2019 with the approval of the 196-unit multiplefamily development. A Mitigated Negative Declaration (MND) were prepared and certified for the project titled the 5150 El Camino Real Residential Development MND (SHC# 2019079050), which was adopted in December 2019.

The proposed Project requests a modification to the approved vesting tentative map to subdivide the property from one lot to two lots. The tentative map does not involve any physical changes in the environment and hence does not have the potential for causing a significant effect on the environment. No potential new impacts related to the Project have been identified that would necessitate further environmental review beyond the impacts and issues already disclosed and analyzed in the 5150 El Camino Real Residential Development MND. No other special circumstances exist that would create a reasonable possibility that the Project will have a significant adverse effect on the environment. Therefore, no further environmental review is required.

ATTACHMENT 1
Resolution No. 2022-__ Page 5
within the Land Use Element. The subdivision is not within an area adopted as a specific plan area.
b. The Project site is not physically suitable for this type and density of development in that the project meets all applicable Zoning requirements except where a density bonus, and development incentives have been granted;
This Finding cannot be made. The proposed subdivision has already been approved and no changes are proposed that would affect the physical layout of the project. The proposed subdivision is consistent with the Los Altos General Plan, including the Land Use Element, which designates the parcel as Commercial Thoroughfare and allows for higher density residential development. Specific applicable policies of the General Plan for creating one parcel to be further divided in 196 residential condominium units include Land Use Element Policies 2.2, 4.3 and 4.4, Housing Element Policy 4.3, and the Infrastructure and Waste Disposal Element Policies 1.3, 2.2 and 3.1. The subdivision is also consistent with the El Camino Special Planning Area within the Land Use Element.

The subdivision is not within an area adopted as specific plan area. c. The design of the subdivision and the proposed improvements are likely to cause substantial environmental damage, or substantially injure fish or wildlife; and no evidence of such has been presented;
This Finding cannot be made. The design of the subdivision and the proposed improvements will not cause substantial environmental damage, or substantially injure fish or wildlife based on the findings in the Mitigated Negative Declarations that the project, as mitigated, would have a less than significant environmental effect on the environment. No changes are proposed to the physical layout of the development. ; d. The design of the subdivision or type of improvements is likely to cause serious public health problems.; and
This Finding cannot be made. The design of the subdivision will not cause serious public health problems based on the findings in the Mitigated Negative Declarations that the project, as mitigated, would have a less than significant environmental effect on the environment. No changes are proposed to the physical layout of the development. e. The design of the subdivision or the type of improvements will conflict with easements, acquired by the public at large, for access through or use of the property within the proposed subdivision. In this connection, the governing body may approve a map if it finds that alternate easements, for access or for use, will be provided, and that these will be substantially equivalent to ones previously acquired by the public. This subsection shall apply only to easements of record or to easements established by judgment of a court of competent jurisdiction and no authority is hereby granted to a legislative body to determine that the public at large has acquired easements for access through or use of property within the proposed subdivision.
107
Agenda Item # 6.

ATTACHMENT 1
Resolution No. 2022-__ Page 6
This Finding cannot be made. The design of the subdivision will not conflict with access easements because there are no known existing access easements encumbering this property.

3. AFFORDABLE HOUSING AND DENSITY BONUS FINDINGS. With regard to the offered below market rate units and requested density bonus, and concessions and parking requirement alteration, the City Council finds, in accordance with Los Altos Municipal Code Section 14.28.046, as follows:
a. The Applicant is offering 29 affordable units for rent at the low income, which is 20 percent of the Project’s base density, and qualifies the Project for a 35 percent density bonus, two concessions, and a parking requirement alteration, as well as unlimited development standard waivers;
b. Per State Density Bonus Laws and the Appendix to the Affordable Housing Ordinance, a project that offers 20 percent of its total units (base density) as low income restricted affordable units shall be granted a density bonus of 35 percent, and a project that offers 17 percent or more of its total units (base density) as low income restricted affordable units shall be granted two (2) concessions. Since the Project is providing 20 percent of its total units as affordable at the low-income level, the City shall grant a density bonus of at least 35 percent and two (2) concessions;
c. Per Government Code Section 65915(e) and Section 14.28.046, the City shall grant a waiver or reduction of development standards that have the effect of physically precluding the construction of a development in addition to the density bonus and concessions permitted by the Code. Consistent with these requirements, the applicant is requesting a complete waiver from the requirement for a 75-foot street frontage for lot No. 2.

With regard to the waiver, there is sufficient evidence currently in record that the waiver would not have a specific adverse impact upon on any real property that is listed in the California Register of Historical Resources due to the property not being a historic resource or historic landmark listed on federal, state or local inventories. A structure 108
Agenda Item # 6.

ATTACHMENT 1
Resolution No. 2022-__ Page 7
would be considered eligible for designation as a historic resource under the City’s Historic Preservation Ordinance if it satisfies each of the three criteria identified in the Ordinance - Age, Determination of Integrity, and Historic Significance. Because the existing building on the site was constructed in 1983, it would not satisfy the Age criterion and would not be eligible as for designation as a historic resource.

With regard to the waiver, there is not sufficient evidence currently in record that granting any waiver or reduction that would be contrary to state or federal law. a. The proposed project provides for a variety of housing types in a variety of income categories, including low-income units, and retaining the affordability of these units for 99 years allows the conservation of the City’s affordable housing stock for the long term. b. The proposed project, as conditioned, provides for the long-term affordability of housing units that further the Goals, Policies, and Programs of the 2015-2023 Housing Element of the Los Altos General Plan.
109
Agenda Item # 6.

ATTACHMENT 1
Resolution No. 2022-__ Page 8

EXHIBIT B

CONDITIONS

GENERAL

1. Approved Plans
The project approval is based upon the plans documentation received on May 20, 2022, except as modified by these conditions.

2. Affordable Housing
The project shall provide the City 29 below market rate units as follows:
a. Fourteen (14) one-bedroom condominium units at the low-income level; and b. Fifteen (15) two-bedroom condominium units at the low-income level;

3. Exterior Lighting
a. Any exterior lighting above the ground floor on the sides and rear of the condominium and townhouse buildings shall be shrouded and/or directed down to minimize glare. b. All ground level exterior lighting along pathways, in common areas and as part of the landscaping shall incorporate the lowest wattage necessary to comply with applicable Building and Energy Codes and shall be designed to face downward and away from shared property lines to minimize off-site glare.

4. Rear Yard Landscape Buffer
a. The existing grade within five (5) feet of the rear property line within the 20-foot landscape buffer should be maintained to the greatest extent feasible. b. The existing potocarpus trees along the rear property line shall be maintained to the greatest extent feasible.
c. The existing fence along the rear property line shall be maintained, repaired and/or replaced based on consultations with the owner(s) of each adjacent property. d. Grading and trenching shall be minimized within the dripline of any tree that is directly adjacent to the property line. If grading or trenching within a tree dripline is required, it shall be done under supervision of a licensed arborist and the owner of the tree shall be notified in advance.

6. Phase Development
Once construction is initiated by the developer, there shall be continuous progress without phasing of the development.

7. Tree Preservation
110
Agenda Item # 6.

ATTACHMENT 1
Resolution No. 2022-__ Page 9
The applicant shall use best efforts, as reasonably determined by the Community Development Director, to preserve tree number six as identified in the arborist report dated May 8, 2018.

8. Bicycle Parking
The project shall be updated to include additional grade level Class I and II bicycle parking spaces.

9. Transit Facility Enhancements
The development project shall coordinate with the Santa Clara County Valley Transportation Authority (VTA) to preserve the existing bus stop along the southern project frontage both during and post construction. During construction the transit facility cannot be blocked or relocated without approval from the VTA. Upon completion of project construction, the transit stop must be accommodated within the project’s frontage improvements and include a new illuminated shelter with a dynamic message board facility for use by the City and VTA for community outreach efforts. The shelter and dynamic message board will be selected with input from both the VTA and City of Los Altos and be maintained by the frontage including refuge pick-up. The transit facility shall include enhanced red transit stop roadway markings and signage to highlight the facility and restrict parking. Based upon VTA input, the transit facility may also include additional enhancements to accommodate ride share drop off and pick up of residents and micro-mobility facilities such as electric bike share and other regional systems.

10. Parking Restrictions along El Camino Real
The project frontage, including the portion of El Camino Real north of the project site to Distel Drive shall include parking restrictions to accommodate future enhanced bicycle facilities for southbound El Camino Real.

11. Route to School Maps
A Route to School map shall be developed and provided to residents identifying the suggested Routes to School. The map shall be maintained and regularly updated to ensure accurate and safe routes to school.

12. Encroachment Permit
An encroachment permit and/or an excavation permit shall be obtained prior to any work done within the public right-of-way and it shall be in accordance with plans to be approved by the City Engineer. Note: Any work within El Camino Real will require applicant to obtain an encroachment permit with Caltrans prior to commencement of work.

13. Public Utilities
The applicant shall contact electric, gas, communication and water utility companies regarding the installation of new utility services to the site.

14. Americans with Disabilities Act
All improvements shall comply with Americans with Disabilities Act (ADA).

15. Stormwater Management Plan
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The applicant shall submit a complete Stormwater Management Plan (SWMP) and a hydrology calculation showing that 100% of the site is being treated; is in compliance with the Municipal Regional Stormwater NPDES Permit (MRP). Applicant shall provide a hydrology and hydraulic study, and an infeasible/feasible comparison analysis to the City for review and approval for the purpose to verify that MRP requirements are met.

16. Sewer Lateral
Any proposed sewer lateral connection shall be approved by the City Engineer.

17. Transportation Permit
A Transportation Permit, per the requirements specified in California Vehicle Code Division 15, is required before any large equipment, materials or soil is transported or hauled to or from the construction site.

18. Affordable Units
The Project’s below market rate units shall be constructed concurrently with the market rate units.

19. Indemnity and Hold Harmless
The applicant/owner agrees to indemnify, defend, protect, and hold the City harmless from all costs and expenses, including attorney’s fees, incurred by the City or held to be the liability of the City in connection with the City’s defense of its actions in any proceedings brought in any State or Federal Court, challenging any of the City’s action with respect to the applicant’s project.

PRIOR TO SUBMITTAL OF BUILDING PERMIT

20. Green Building Standards
The applicant shall provide verification that the project will comply with the City’s Green Building Standards (Section 12.26 of the Municipal Code) from a qualified green building professional.

21. Property Address
The applicant shall provide an address signage plan as required by the Building Official.

22. Screening Trees
The project shall address privacy screening trees as follows:
 The landscape plan shall provide fast-growing evergreen screening trees along the side property lines (east and west) and rear property lines (south) as required by the Community Development Director.
 All evergreen screening trees within the rear yard adjacent to the rear property line shall be at the approximate heights at 2 years growth as represented on the project architect’s submittal dated November 20, 2019. The trees shall be planted as soon as practicable after building permit issuance to minimize views of the townhouses and condominium buildings.
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 Along rear property line, the evergreen screening trees shall be planted a distance of 5’ to 10’ from the rear property line in a staggered manner so that they are not lined up parallel to the rear property line.
 The applicant shall work with the City to preserve trees along El Camino Real.  The applicant shall work with the neighbors whose rear yard backs up to the project site, and who are interested, to plant trees on the neighbor’s private property at the rear line of their fence to address privacy concerns.

23. Fence
The project plans shall be revised to incorporate fences along the side (east and west) property lines and south (rear) property line with a minimum height ten feet based on consultations with the owner(s) of each adjacent property for the purpose of attenuating noise and improving privacy.

24. Common Open Space
The project plans shall revise the common open space area to provide family- and childrenoriented open space and amenities, including, but not limited to a playground for young children, dedicated area for dogs, outdoor cooking facilities, and other family-oriented amenities.

25. Affordable Unit Term
All below market residential units subject to this approval shall remain affordable for the maximum period provided by law.

25. Parkland Dedication
The applicant and City shall enter into good faith negotiations toward executing a memorandum of understanding (MOU) or Exclusive Negotiating Agreement (ENA) prior to issuance of the project’s first building permit. The agreement would allow the city and applicant/developer to negotiate the terms of an agreement that will provide a public park at 745 Distel Drive. The agreement shall:
a. Provide for a “turn key” park and detail the process by which the park design will be developed and approved.
b. Provide for payment to the city of the difference between the total cost of the park and the in-lieu park fee amount that would otherwise be paid.
c. Require the payment of the estimated difference between the total cost of the park and the otherwise required in-lieu fee at the time of issuance of the first building permit for the project.
d. Include an “opt-out” clause.

In the event that an MOU or ENA is not executed by the parties prior to issuance of the project’s first building permit, the applicant shall instead pay the applicable in lieu park fee.

26. Water Efficient Landscape Plan
Provide a landscape documentation package prepared by a licensed landscape professional showing how the project complies with the City’s Water Efficient Landscape Regulations. 113
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27. Air Quality Filtration and Ventilation Requirements The project shall install air filtration at residential units exposed to annual PM2.5 exposure above 0.3 µg/m3. To ensure adequate health protection to sensitive receptors, a ventilation system is proposed to meet the following minimal design standards:
a. Install air filtration in residential buildings. Air filtration devices shall be rated MERV13 or higher for portions of the site that have annual PM2.5 exposure above 0.3 µg/m3. The ventilation system, whether mechanical or passive, shall filter all fresh air circulated into the dwelling units.
b. As part of implementing this measure, an ongoing maintenance plan for the buildings’ heating, ventilation, and air condition (HVAC) air filtration system shall be required. c. Ensure that the use agreement and other property documents: (1) require cleaning, maintenance, and monitoring of the affected buildings for air flow leaks, (2) include assurance that new owners or tenants are provided information on the ventilation system, and (3) include provisions that fees associated with owning or leasing a unit(s) in the building include funds for cleaning, maintenance, monitoring, and replacements of the filters, as needed.

28. Noise Level Requirements
To ensure consistency with the General Plan and Noise Control Ordinance, the applicant shall incorporate the following requirements into the project design:
a. When refining the project’s site plan, locate outdoor use areas away from El Camino Real and continue to shield noise-sensitive outdoor spaces with buildings or noise barriers where feasible.
b. Provide a suitable form of forced-air mechanical ventilation, as determined by the building official, for all residential buildings, so that windows can be kept closed to control noise. c. Provide sound-rated windows to northeast, northwest, and southeast facing condominium units to maintain interior noise levels at acceptable levels. Preliminary calculations show that sound-rated windows with minimum STC Rating of 33 to 34 would be satisfactory for units fronting El Camino Real and windows with minimum STC Rating of 28 to 29 would be satisfactory for northwest and southeast facing condominium units to achieve acceptable interior noise levels, assuming a wall construction with STC 46 or greater and 40 percent windows or less. The specific determination of what noise insulation treatments are necessary shall be conducted on a unit-by-unit basis during final design of the project once final building plans and elevations are available.

29. Traffic Signal Modification at El Camino Real and Rengstorff Avenue The traffic signal facility at the intersection of El Camino Real & Rengstorff Avenue shall be revised to be consistent with the current State of California design standards. Traffic signal modification shall be coordinated with the California Department of Transportation – Caltrans and the City of Mountain View and modifications may include new pole standards replacement, curb ramp reconfiguration, accessible pedestrian signal upgrades for ADA accessibility, bulb-out improvements for mobility enhancements, streetlight upgrades, and other improvements necessary to comply with planned Caltrans and City of Mountain View Grand Boulevard design standard for El Camino Real. It shall be the responsibility of the developer and their contractor agents to obtain any necessary Encroachment Permits from both Caltrans and the City of Mountain View prior to the commencement of work and approval of off-site improvement plans by the City. The traffic signal modification plan shall include a 114
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photometric analysis of the intersection to help identify necessary lighting upgrades to maintain an average 4.0 foot-candle light distribution through the entire intersection.

30. Intersection Driveway Configuration
The new driveway configuration for the 5150 El Camino Real project shall include a detached driveway at the El Camino Real & Rengstorff Avenue intersection, with both aligning with movements on the Rengstorff Avenue side of the intersection, and maintain clearly defined pedestrian access through the intersection across the driveway with traffic signal controls.

PRIOR TO FINAL MAP RECORDATION

31. Covenants, Conditions and Restrictions
The applicant shall include provisions in the Covenants, Conditions and Restrictions (CC&Rs) as follows:
a. Along rear property line – trees shall be planted a distance of 5’ to 10’ from the rear property line in a staggered manner so that they are not lined up parallel to the rear property line.
b. Storage on private patios and decks shall be restricted; and rules for other objects stored on private patios and decks shall be established with the goal of minimizing visual impacts. c. Long-term maintenance and upkeep of the landscaping and street trees, as approved by the City, shall be a duty and responsibility of the property owners. Specifically, the landscape buffer, including both trees and landscaping, along the rear property line shall be permanently maintained as required by the CT District per Municipal Code Section

14.50.110(C).
d. Both parking spaces in a tandem space shall be owned by the same unit and cannot be owned or used by separate units.
e. The parking spaces on the dead-end drive aisles should be reserved for residents and guest parking spaces should be located near the driveway ramp. f. The maintenance, upkeep, and replacement of any removed plant or tree as shown on the project landscape plan and on-going maintenance of street trees, as approved by the City, shall be a duty and responsibility of the property owners in perpetuity.

32. Pedestrian Access Easement
The applicant shall dedicate to the public the public sidewalk along the El Camino Real frontage that is on the project site to the City of Los Altos for use as a pedestrian access easement, and a private access easement along the east and west side of the two-five-story buildings and along the townhouses for use as a private pedestrian access easement. Applicant shall submit documentation to the City for review and approval for the recordation of the public easement to the City of Los Altos and private easement in accordance with the CC&Rs for the project.

33. No Build Easement
The applicant shall record a seven-foot wide no build easement for along the south property line of Lot No. 1 above grade over which no buildings shall be constructed.

34. Emergency Vehicle Access Easement
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The applicant shall dedicate the roadway along the east and west side of the two-five-story buildings and along the townhouses to the City of Los Altos for use as an emergency vehicle access easement. Applicant shall submit documentation to the City for review and approval for the recordation of the public easement to the City of Los Altos.

35. Public Utility Dedication
The applicant shall dedicate public utility easements as required by the utility companies to serve the site.

36. Payment of Fees
The applicant shall pay all applicable fees, including but not limited to sanitary sewer impact fees, parkland dedication in-lieu fees, traffic impact fees as modified by Condition No. 26, affordable housing impact fees, public art impact fee and map check fee plus deposit as required by the City of Los Altos Municipal Code.

PRIOR TO ISSUANCE OF BUILDING PERMIT

37. Final Map Recordation
The applicant shall record the final map. Plats and legal descriptions of the final map shall be submitted for review by the City Land Surveyor. Applicant shall provide a sufficient fee retainer to cover the cost of the map review by the City.

38. Well Destruction
Prior to a final on the grading permit, any on-site well(s) encountered shall be removed or mitigated to eliminate hazards associated with abandoned wells, subject to any required permits from the Department of Environmental Resources, Santa Clara Water District and in accordance with all laws and policies (Santa Clara County and California State Model Well Standards).

39. Electric Vehicle Charging and Electric Vehicle Ready Stalls The project plans shall show the electric vehicle charging (EVC) stalls and electric vehicle ready (EVR) stalls consistent with the project plans received on November 20, 2019 or the Los Altos Municipal Code, whichever results in the greater number of EVC or EVR stalls.

40. Photovoltaic Panels and System
The project plans shall show the photovoltaic panels and system consistent with the project plans received on November 20, 2019 or the Los Altos Municipal Code, whichever results in the greater number of photovoltaic panels and system.

41. Affordable Housing Agreement
The Applicant shall execute and record an Affordable Housing Agreement, in a form approved and signed by the Development Services Director and the City Attorney, that offers 29 below market rate rental units affordable to low-income households, for 99 years. The below market rate units shall be constructed concurrently with the market rate units, shall be provided at the location on the approved plans, and shall not be significantly distinguishable with regard to design, construction or materials. Upon completion of the townhouses on Lot No. 2, five townhouses shall not be sold for five years from the date of occupancy and shall be held by an 116
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entity controlled by Prometheus Real Estate Group, Inc. If 172 rental units on Lot No. 1 are not initiated within five years from completion of townhouses, the five unsold townhouse units shall be dedicated as affordable units. If the 172 rental units on Lot No. 1 are initiated within five years from the completion of the townhouses, the condition for five unsold townhouse units be dedicated as affordable will terminate.

43. Performance Bond
The applicant shall submit a cost estimate for the improvements in the public right-of-way and shall submit a 100-percent performance bond and 50-percent labor and material bond (to be held six months after acceptance of improvements) for the public right-of-way work.

44. Maintenance Bond
A one-year, ten-percent maintenance bond shall be submitted upon acceptance of improvements in the public right-of-way.

45. Stormwater Management Plan
The applicant shall submit a complete Stormwater Management Plan (SWMP) and a hydrology calculation showing that 100% of the site is being treated; is in compliance with the Municipal Regional Stormwater NPDES Permit (MRP). Applicant shall provide a hydrology and hydraulic study, and an infeasible/feasible comparison analysis to the City for review and approval for the purpose to verify that MRP requirements are met.

46. Storm Water Filtration Systems
The applicant shall insure the design of all storm water filtration systems and devices are without standing water to avoid mosquito/insect infestation.

47. Grading and Drainage Plan
The applicant shall submit detailed plans for on-site and off-site grading and drainage plans that include drain swales, drain inlets, rough pad elevations, building envelopes, and grading elevations for review and approval by the City Engineer.

48. Sewage Capacity Study
The applicant shall show sewer connection to the City sewer main and submit calculations showing that the City’s existing 8-inch sewer main will not exceed two-thirds full due to the additional sewage capacity from proposed project. For any segment that is calculated to exceed two-thirds full for average daily flow or for any segment that the flow is surcharged in the main due to peak flow, the applicant shall upgrade the sewer line or pay a fair share contribution for the sewer upgrade to be approved by the City Engineer.

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construction parking shall occur on-site or locations approved by the Community Development Director. No construction parking shall be permitted in residential neighborhoods.
b. Applicant, Developer, or Contractor shall designate a “disturbance coordinator” who can address complaints/concerns/issues/questions related to construction or development during, including dust control and excessive vibration, all phases of the project and provide the City of Los Altos with the name and contact information of the person appointed to this position.
c. Applicant, Developer, or Contractor shall post publicly visible sign(s) with the telephone number and name of “disturbance coordinator” and include copy on the sign indicating that this is the project contact who can address complaints/concerns/issues/questions related to construction or development during all phases of the project. d. Applicant/Developer/Contractor shall maintain and submit a copy to the City of Los Altos Community Development Department a log of all complaints/concerns/issues/questions related to construction or development during all phases of the project. The log shall provide a description of the complaint/concern/issue/question at hand and the efforts taken to address them. Every effort shall be made to respond to a submitted complaint/concern/issue/question within 24 hours.
e. All vehicles involved with or related to the construction of this project shall be limited to parking on the project site or the property at 745 Distel Drive. There shall be no construction parking of any type in any of the neighboring residential areas and all involved in the construction and development of this project shall be notified verbally and in writing of these limitations and provided with maps of approved parking locations. f. A Transportation Permit, per the requirements in California Vehicle Code Division 15, is required before any large equipment, materials or soil is transported or hauled to or from the site. Applicant shall pay the applicable fees before the transportation permit can be issued by the Traffic Engineer.

50. Solid Waste Ordinance Compliance
The applicant shall be in compliance with the City’s adopted Solid Waste Collection, Remove, Disposal, Processing & Recycling Ordinance (LAMC Chapter 6.12) which includes a mandatory requirement that all commercial and multi-family dwellings provide for recycling and organics collection programs.

51. Solid Waste and Recyclables Disposal Plan
The applicant shall contact Mission Trail Waste Systems and submit a solid waste and recyclables disposal plan indicating the type, size and number of containers proposed, and the frequency of pick-up service subject to the approval of the Engineering Division. The applicant shall also submit evidence that Mission Trail Waste Systems has reviewed and approved the size and location of the proposed trash enclosure. The enclosure shall be designed to prevent rainwater from mixing with the enclosure's contents and shall be drained into the City’s sanitary sewer system. The enclosure's pad shall be designed to not drain outward, and the grade surrounding the enclosure designed to not drain into the enclosure. In addition, applicant shall show on plans the proposed location of how the solid waste will be collected by the refusal company. Include the relevant garage clearance dimension and/or staging location with appropriate dimensioning on to plans.
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52. Sidewalk Lights
The applicant shall maintain the existing light fixture and/or install new light fixture(s) in the El Camino Real sidewalk as directed by the City Engineer.

PRIOR TO FINAL OCCUPANCY

53. Condominium Map
The applicant shall record the condominium map as required by the City Engineer.

54. Landscape and Irrigation Installation
All on- and off-site landscaping and irrigation shall be installed and approved by the Community Development Director and the City Engineer. Provide a landscape Certificate of Completion, signed by the project’s landscape professional and property owner, verifying that the trees, landscaping and irrigation were installed per the approved landscape documentation package.

55. Signage and Lighting Installation
The applicant shall install all required signage and on-site lighting per the approved plan. Such signage shall include the disposition of guest parking, the turn-around/loading space in the front yard and accessible parking spaces.

56. Green Building Verification
The applicant shall submit verification that the structure was built in compliance with the California Green Building Standards pursuant to Section 12.26 of the Municipal Code.

57. Acoustical Report
The applicant shall submit a report from an acoustical engineer ensuring that the rooftop mechanical equipment meets the City’s noise regulations.

58. Sidewalk in Public Right-of-Way
The applicant shall install new sidewalk, vertical curb and gutter, and driveway approaches from property line to property line along the frontage of El Camino Real as shown on the approved plans and as required by the City Engineer.

59. Public Infrastructure Repairs
The applicant shall repair any damaged right-of-way infrastructures and otherwise displaced curb, gutter and/or sidewalks and City’s storm drain inlet shall be removed and replaced as directed by the City Engineer or his designee. The applicant is responsible to resurface (grind and overlay) half of the street along the frontage of El Camino Real and Jordan Ave. if determined to be damaged during construction, as directed by the City Engineer or his designee. Note: Any work within the El Camino Real will require applicant to obtain encroachment permit with Caltrans prior to commencement of work.

60. Maintenance Bond
A one-year, ten-percent maintenance bond shall be submitted upon acceptance of improvements in the public right-of-way.
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61. SWMP Certification
The applicant shall have a final inspection and certification done and submitted by the Engineer who designed the SWMP to ensure that the treatments were installed per design. The applicant shall submit a maintenance agreement to City for review and approval for the stormwater treatment methods installed in accordance with the SWMP. Once approved, City shall record the agreement.

62. Bicycle Pathway
A pathway (painted) shall be shown on the lower level basement floor plan to delineate a pathway from the elevator to the bicycle storage lockers on the lower basement level. 120
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RESOLUTION NO. 2022-XX

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

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WHEREAS, the Applicant is eligible for and has requested a waiver from the 75-foot site frontage requirement under Government Code Section 65915(e) and Los Altos Municipal Code Section

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WHEREAS, the findings and conclusions made by the City Council in this Resolution are based upon the oral and written evidence presented as well as the entirety of the administrative record for the proposed Project, which is incorporated herein by this reference. The findings are not based solely on the information provided in this Resolution; and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred.

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________
Anita Enander, MAYOR
Attest:
_____________________________
Angel Rodriguez, CITY CLERK
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EXHIBIT A

FINDINGS

1. FINDING: Finding that no further environmental review is necessary under CEQA pursuant to State CEQA Guidelines Section 15162 (Subsequent EIRs and Negative Declarations).

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within the Land Use Element. The subdivision is not within an area adopted as a specific plan area.
b. The Project site is not physically suitable for this type and density of development in that the project meets all applicable Zoning requirements except where a density bonus, and development incentives have been granted;
This Finding cannot be made. The proposed subdivision has already been approved and no changes are proposed that would affect the physical layout of the project. The proposed subdivision is consistent with the Los Altos General Plan, including the Land Use Element, which designates the parcel as Commercial Thoroughfare and allows for higher density residential development. Specific applicable policies of the General Plan for creating one parcel to be further divided in 196 residential condominium units include Land Use Element Policies 2.2, 4.3 and 4.4, Housing Element Policy 4.3, and the Infrastructure and Waste Disposal Element Policies 1.3, 2.2 and 3.1. The subdivision is also consistent with the El Camino Special Planning Area within the Land Use Element.

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This Finding cannot be made. The design of the subdivision will not conflict with access easements because there are no known existing access easements encumbering this property.

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would be considered eligible for designation as a historic resource under the City’s Historic Preservation Ordinance if it satisfies each of the three criteria identified in the Ordinance - Age, Determination of Integrity, and Historic Significance. Because the existing building on the site was constructed in 1983, it would not satisfy the Age criterion and would not be eligible as for designation as a historic resource.

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EXHIBIT B

CONDITIONS

GENERAL

1. Approved Plans
The project approval is based upon the plans documentation received on November 20, 2019May 20, 2022, except as modified by these conditions.

2. Affordable Housing
The project shall provide the City 298 below market rate units as follows:
a. Fourteen (14) one-bedroom condominium units at the low-income level; and b. Fifteen (15) two-bedroom condominium units at the low-income level; c. Twelve (12) one-bedroom condominium units at the very-low income level; d. Four (4) two-bedroom condominium units at the very-low income level; e. Nine (9) two-bedroom condominium units at the moderate income level; f. Two (2) two-bedroom townhouse units at the moderate income level; and g. One (1) three-bedroom townhouse unit at the moderate income level.

5. Phased Parking
Once construction is initiated by the developer, there shall be continuous progress without phasing of the development. The project shall provide the resident and guest parking spaces required for the rental and townhouse units The project shall provide the resident and guest parking spaces required for the condominium and townhouse units developed during each phase of the development and shall provide such spaces, if not available in the underground 128
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garage, at a paved location on-site where the parking spaces and drive aisles are adequately delineated. A phase of development not completed will be developed as activated space within 12 months of certificate of occupancy.

6. Phase Development
Once construction is initiated by the developer, there shall be continuous progress without phasing of the development. If a phase of development is not completed, the undeveloped area shall be developed as activated space within 12 months of the certificate of occupancy.

7. Tree Preservation
The applicant shall use best efforts, as reasonably determined by the Community Development Director, to preserve tree number six as identified in the arborist report dated May 8, 2018.

8. Bicycle Parking
The project shall be updated to include additional grade level Class I and II bicycle parking spaces.

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13. Public Utilities
The applicant shall contact electric, gas, communication and water utility companies regarding the installation of new utility services to the site.

14. Americans with Disabilities Act
All improvements shall comply with Americans with Disabilities Act (ADA).

15. Stormwater Management Plan
The applicant shall submit a complete Stormwater Management Plan (SWMP) and a hydrology calculation showing that 100% of the site is being treated; is in compliance with the Municipal Regional Stormwater NPDES Permit (MRP). Applicant shall provide a hydrology and hydraulic study, and an infeasible/feasible comparison analysis to the City for review and approval for the purpose to verify that MRP requirements are met.

16. Sewer Lateral
Any proposed sewer lateral connection shall be approved by the City Engineer.

18. Affordable Units
The Project’s below market rate units shall be constructed concurrently with the market rate units.

PRIOR TO SUBMITTAL OF BUILDING PERMIT

21. Property Address
The applicant shall provide an address signage plan as required by the Building Official.

22. Screening Trees
The project shall address privacy screening trees as follows:
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 The landscape plan shall provide fast-growing evergreen screening trees along the side property lines (east and west) and rear property lines (south) as required by the Community Development Director.
 All evergreen screening trees within the rear yard adjacent to the rear property line shall be at the approximate heights at 2 years growth as represented on the project architect’s submittal dated November 20, 2019. The trees shall be planted as soon as practicable after building permit issuance to minimize views of the townhouses and condominium buildings.
 Along rear property line, the evergreen screening trees shall be planted a distance of 5’ to 10’ from the rear property line in a staggered manner so that they are not lined up parallel to the rear property line.
 The applicant shall work with the City to preserve trees along El Camino Real.  The applicant shall work with the neighbors whose rear yard backs up to the project site, and who are interested, to plant trees on the neighbor’s private property at the rear line of their fence to address privacy concerns.

25. Affordable Units
Upon completion of first phase of the project (indicated as the townhomes), three townhouses shall not be sold for five years from the date of occupancy and shall be held by an entity controlled by Dutchints Development. If the second or third phase are not initiated within five years from completion of Phase 1, the three unsold townhouse units shall be dedicated as affordable units.

25. Affordable Unit Term
All below market residential units subject to this approval shall remain affordable for the maximum period provided by law.

26. Parkland Dedication
The applicant and City shall enter into good faith negotiations toward executing a memorandum of understanding (MOU) or Exclusive Negotiating Agreement (ENA) prior to issuance of the project’s first building permit. by January 31, 2020 that The agreement would allow the city and applicant/developer to negotiate the terms of an agreement that will provide a public park at 745 Distel Drive. The agreement shall:
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a. Provide for a “turn key” park and detail the process by which the park design will be developed and approved.
b. Provide for payment to the city of the difference between the total cost of the park and the in-lieu park fee amount that would otherwise be paid.
c. Require the payment of the estimated difference between the total cost of the park and the otherwise required in-lieu fee at the time of issuance of the first building permit for the project.
d. Include an “opt-out” clause.

In the event that an MOU or ENA is not executed by the parties prior to issuance of the project’s first building permit, the applicant shall instead pay the applicable in lieu park fee.

27. Water Efficient Landscape Plan
Provide a landscape documentation package prepared by a licensed landscape professional showing how the project complies with the City’s Water Efficient Landscape Regulations.

28. Air Quality Filtration and Ventilation Requirements The project shall install air filtration at residential units exposed to annual PM2.5 exposure above 0.3 µg/m3. To ensure adequate health protection to sensitive receptors, a ventilation system is proposed to meet the following minimal design standards:
a. Install air filtration in residential buildings. Air filtration devices shall be rated MERV13 or higher for portions of the site that have annual PM2.5 exposure above 0.3 µg/m3. The ventilation system, whether mechanical or passive, shall filter all fresh air circulated into the dwelling units.
b. As part of implementing this measure, an ongoing maintenance plan for the buildings’ heating, ventilation, and air condition (HVAC) air filtration system shall be required. c. Ensure that the use agreement and other property documents: (1) require cleaning, maintenance, and monitoring of the affected buildings for air flow leaks, (2) include assurance that new owners or tenants are provided information on the ventilation system, and (3) include provisions that fees associated with owning or leasing a unit(s) in the building include funds for cleaning, maintenance, monitoring, and replacements of the filters, as needed.

29. Noise Level Requirements
To ensure consistency with the General Plan and Noise Control Ordinance, the applicant shall incorporate the following requirements into the project design:
a. When refining the project’s site plan, locate outdoor use areas away from El Camino Real and continue to shield noise-sensitive outdoor spaces with buildings or noise barriers where feasible.
b. Provide a suitable form of forced-air mechanical ventilation, as determined by the building official, for all residential buildings, so that windows can be kept closed to control noise. c. Provide sound-rated windows to northeast, northwest, and southeast facing condominium units to maintain interior noise levels at acceptable levels. Preliminary calculations show that sound-rated windows with minimum STC Rating of 33 to 34 would be satisfactory for units fronting El Camino Real and windows with minimum STC Rating of 28 to 29 would be satisfactory for northwest and southeast facing condominium units to achieve acceptable interior noise levels, assuming a wall construction with STC 46 or greater and 40 percent 132
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Resolution No. 2022-__ Page 13
windows or less. The specific determination of what noise insulation treatments are necessary shall be conducted on a unit-by-unit basis during final design of the project once final building plans and elevations are available.

30. Traffic Signal Modification at El Camino Real and Rengstorff Avenue The traffic signal facility at the intersection of El Camino Real & Rengstorff Avenue shall be revised to be consistent with the current State of California design standards. Traffic signal modification shall be coordinated with the California Department of Transportation – Caltrans and the City of Mountain View and modifications may include new pole standards replacement, curb ramp reconfiguration, accessible pedestrian signal upgrades for ADA accessibility, bulb-out improvements for mobility enhancements, streetlight upgrades, and other improvements necessary to comply with planned Caltrans and City of Mountain View Grand Boulevard design standard for El Camino Real. It shall be the responsibility of the developer and their contractor agents to obtain any necessary Encroachment Permits from both Caltrans and the City of Mountain View prior to the commencement of work and approval of off-site improvement plans by the City. The traffic signal modification plan shall include a photometric analysis of the intersection to help identify necessary lighting upgrades to maintain an average 4.0 foot-candle light distribution through the entire intersection.

31. Intersection Driveway Configuration
The new driveway configuration for the 5150 El Camino Real project shall include a detached driveway at the El Camino Real & Rengstorff Avenue intersection, with both aligning with movements on the Rengstorff Avenue side of the intersection, and maintain clearly defined pedestrian access through the intersection across the driveway with traffic signal controls.

PRIOR TO FINAL MAP RECORDATION

32. Covenants, Conditions and Restrictions
The applicant shall include provisions in the Covenants, Conditions and Restrictions (CC&Rs) as follows:
a. Along rear property line – trees shall be planted a distance of 5’ to 10’ from the rear property line in a staggered manner so that they are not lined up parallel to the rear property line.
b. Storage on private patios and decks shall be restricted; and rules for other objects stored on private patios and decks shall be established with the goal of minimizing visual impacts. c. Long-term maintenance and upkeep of the landscaping and street trees, as approved by the City, shall be a duty and responsibility of the property owners. Specifically, the landscape buffer, including both trees and landscaping, along the rear property line shall be permanently maintained as required by the CT District per Municipal Code Section

ATTACHMENT 2
Resolution No. 2022-__ Page 14

Applicant shall submit documentation to the City for review and approval for the recordation of the public easement to the City of Los Altos and private easement in accordance with the CC&Rs for the project.

34. No Build Easement
The applicant shall record a seven-foot wide no build easement for along the south property line of Lot No. 1 above grade over which no buildings shall be constructed.

35. Emergency Vehicle Access Easement
The applicant shall dedicate the roadway along the east and west side of the two-five-story buildings and along the townhouses to the City of Los Altos for use as an emergency vehicle access easement. Applicant shall submit documentation to the City for review and approval for the recordation of the public easement to the City of Los Altos.

36. Public Utility Dedication
The applicant shall dedicate public utility easements as required by the utility companies to serve the site.

37. Payment of Fees
The applicant shall pay all applicable fees, including but not limited to sanitary sewer impact fees, parkland dedication in-lieu fees, traffic impact fees as modified by Condition No. 26, affordable housing impact fees, public art impact fee and map check fee plus deposit as required by the City of Los Altos Municipal Code.

PRIOR TO ISSUANCE OF BUILDING PERMIT

38. Final Map Recordation
The applicant shall record the final map. Plats and legal descriptions of the final map shall be submitted for review by the City Land Surveyor. Applicant shall provide a sufficient fee retainer to cover the cost of the map review by the City.

39. Well Destruction
Prior to a final on the grading permit, any on-site well(s) encountered shall be removed or mitigated to eliminate hazards associated with abandoned wells, subject to any required permits from the Department of Environmental Resources, Santa Clara Water District and in accordance with all laws and policies (Santa Clara County and California State Model Well Standards).

40. Electric Vehicle Charging and Electric Vehicle Ready Stalls 134
Agenda Item # 6.

ATTACHMENT 2
Resolution No. 2022-__ Page 15
The project plans shall show the electric vehicle charging (EVC) stalls and electric vehicle ready (EVR) stalls consistent with the project plans received on November 20, 2019 or the Los Altos Municipal Code, whichever results in the greater number of EVC or EVR stalls.

41. Photovoltaic Panels and System
The project plans shall show the photovoltaic panels and system consistent with the project plans received on November 20, 2019 or the Los Altos Municipal Code, whichever results in the greater number of photovoltaic panels and system.

42. Affordable Housing Agreement
The Applicant shall execute and record an Affordable Housing Agreement, in a form approved and signed by the Community Development Development Services Director and the City Attorney, that offers 298 below market rate rental units affordable to low-income households, for an indefinite period99 years, as defined in Condition No. 2. The below market rate units shall be constructed concurrently with the market rate units, shall be provided at the location on the approved plans, and shall not be significantly distinguishable with regard to design, construction or materials. Upon completion of the townhouses on Lot No. 2, five townhouses shall not be sold for five years from the date of occupancy and shall be held by an entity controlled by Prometheus Real Estate Group, Inc. If 172 rental units on Lot No. 1 are not initiated within five years from completion of townhouses, the five unsold townhouse units shall be dedicated as affordable units. If the 172 rental units on Lot No. 1 are initiated within five years from the completion of the townhouses, the condition for five unsold townhouse units be dedicated as affordable will terminate.

43. Affordable Housing
Within 30 days of project approval, the applicant shall enter into a Memorandum of Understanding with a third-party affordable housing developer to use best efforts to explore and effectuate financing options for the purchase and management of up to an additional 58 market-rate units in the Project to be dedicated as affordable rental units.

44. Maintenance Bond
A one-year, ten-percent maintenance bond shall be submitted upon acceptance of improvements in the public right-of-way.

46. Storm Water Filtration Systems
135
Agenda Item # 6.

ATTACHMENT 2
Resolution No. 2022-__ Page 16
The applicant shall insure the design of all storm water filtration systems and devices are without standing water to avoid mosquito/insect infestation.

49. Construction Management Plan
The applicant shall submit a construction management plan on a monthly basis for review and approval by the Community Development Director and the City Engineer that includes the following:
a. The construction management plan shall address any construction activities affecting the public right-of-way, including but not limited to excavation, traffic control, truck routing, staging area, pedestrian protection, material storage, earth retention and construction vehicle parking. The staging area shall remain in one location at the project site. All construction parking shall occur on-site or locations approved by the Community Development Director. No construction parking shall be permitted in residential neighborhoods.
b. Applicant, Developer, or Contractor shall designate a “disturbance coordinator” who can address complaints/concerns/issues/questions related to construction or development during, including dust control and excessive vibration, all phases of the project and provide the City of Los Altos with the name and contact information of the person appointed to this position.
c. Applicant, Developer, or Contractor shall post publicly visible sign(s) with the telephone number and name of “disturbance coordinator” and include copy on the sign indicating that this is the project contact who can address complaints/concerns/issues/questions related to construction or development during all phases of the project. d. Applicant/Developer/Contractor shall maintain and submit a copy to the City of Los Altos Community Development Department a log of all complaints/concerns/issues/questions related to construction or development during all phases of the project. The log shall provide a description of the complaint/concern/issue/question at hand and the efforts taken to address them. Every effort shall be made to respond to a submitted complaint/concern/issue/question within 24 hours.
e. All vehicles involved with or related to the construction of this project shall be limited to parking on the project site or the property at 745 Distel Drive. There shall be no construction parking of any type in any of the neighboring residential areas and all involved in the construction and development of this project shall be notified verbally and in writing of these limitations and provided with maps of approved parking locations. 136
Agenda Item # 6.

ATTACHMENT 2
Resolution No. 2022-__ Page 17
f. A Transportation Permit, per the requirements in California Vehicle Code Division 15, is required before any large equipment, materials or soil is transported or hauled to or from the site. Applicant shall pay the applicable fees before the transportation permit can be issued by the Traffic Engineer.

52. Sidewalk Lights
The applicant shall maintain the existing light fixture and/or install new light fixture(s) in the El Camino Real sidewalk as directed by the City Engineer.

PRIOR TO FINAL OCCUPANCY

53. Condominium Map
The applicant shall record the condominium map as required by the City Engineer.

56. Green Building Verification
137
Agenda Item # 6.

ATTACHMENT 2
Resolution No. 2022-__ Page 18
The applicant shall submit verification that the structure was built in compliance with the California Green Building Standards pursuant to Section 12.26 of the Municipal Code.

57. Acoustical Report
The applicant shall submit a report from an acoustical engineer ensuring that the rooftop mechanical equipment meets the City’s noise regulations.

60. Maintenance Bond
A one-year, ten-percent maintenance bond shall be submitted upon acceptance of improvements in the public right-of-way.

PLANNING COMMISSION

MEETING MINUTES
7:00 PM - Thursday, June 16, 2022
Telephone/Video Conference Only

CALL MEETING TO ORDER
At 6:02 p.m. Vice-Chair Mensinger called the meeting to order.

ESTABLISH QUORUM
PRESENT: Vice-Chair Mensinger, Commissioners Ahi, Roche and Steinle ABSENT: Chair Doran, Commissioners Bodner and Marek
STAFF: Development Services Director Zornes, City Attorney Houston, Interim Planning Services Manager Golden, Senior Planner Gallegos, and Consulting Planner Hayagreev

PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
None.

ITEMS FOR CONSIDERATION/ACTION

PUBLIC HEARING

1. D22-0002 – EAH Housing – 330 Distel Circle
Multiple-Family Design Review and Conditional Use Permit for a new multiple-family development with a five-story building with 90 condominium units for rent along 330 Distel Circle with 90 parking spaces utilizing a mechanized parking system and a common amenity space on the first floor. The proposal is for a 100% affordable housing project and is eligible for a density bonus, development incentives, and development waivers under state law and city ordinance. The project is categorically exempt from environmental review pursuant to Section 15332 (Class 32), Infill Exemption of the California Environmental Quality Act (CEQA) Guidelines. Project Planner: Hayagreev This item has been removed from the agenda. The item will be renoticed for a future meeting.

ITEM #2 WAS MOVED AFTER ITEM #3

2. MOD22-0003 – Prometheus Real Estate Group, Inc – 5150 El Camino Real Modification to a Vesting Tentative Subdivision map and State Density Bonus for a previously approved 196-unit multiple-family development. The proposed project includes a modification to the Vesting Tentative Map to subdivide the lot into two lots for condominium purposes, with the two five-story building along El Camino Real with 172 apartment units on lot No. 1, and the townhouse buildings with 24 units on lot No. 2. The proposal is offering 29 low-income affordable units and a request for a waiver from the 75-foot site frontage requirement. An MND was prepared and certified by the City Council for the project as part of the 5150 El Camino Real Residential Development MND (SHC# 2019079050) on December 10, 2019, a subsequent addendum to the MND is not required under State CEQA Guidelines Section 15162. Project Planner: Gallegos 139
Agenda Item # 6.
6/2/2022 PLANNING COMMISSION MEETING MINUTES Page 2 of 3

STAFF PRESENTATION
Senior Planner Gallegos presented the staff report recommending approval of a modification to the Vesting Tentative Map and State Density Bonus for application MOD22-0003 per the findings and conditions contained in the resolution (Attachment A). He then answered clarifying questions from Commissioners Steinle, Ahi, Roche and Vice-Chair Mensinger.

APPLICANT PRESENTATION
Don Peterson and Michael Ducote of Prometheus Real Estate Group, Inc. gave a project presentation and answered a clarifying question from Commissioner Ahi.

PUBLIC COMMENT
Han commented on the project.

Pierre Bedard, speaking as a resident not a commissioner, commented on the project.

APPLICANT’S REBUTTAL
Don Peterson and Michael Ducote of Prometheus Real Estate Group, Inc. provided a rebuttal.

Vice-Chair Mensinger closed the Public Comment period and Commission discussion proceeded.

Action: Upon motion by Commissioner Steinle, seconded by Commissioner Ahi, the Commission recommended approval of application MOD22-0003 per the findings and conditions contained in the resolution with modifications to conditions 3, 8 and 12 per staff’s recommendation, and change whereas “for-sale” to “rentals”.

The motion was approved (4-0) by the following vote:

AYES: Vice-Chair Mensinger Commissioners Ahi, Roche, and Steinle NOES: None
ABSENT: Chair Doran, Commissioners Bodner and Marek

COMMISSIONERS' REPORTS AND COMMENTS
Commissioner Roche reported on the June 14, 2022 City Council meeting regarding the Wireless Ordinance. City Attorney Houston stated the ordinance introduction passed by a 3-2 vote.

POTENTIAL FUTURE AGENDA ITEMS
Interim Planning Services Manager Golden went over the items on the next two upcoming meeting agendas and provided a few announcements. City Attorney Houston announced some Public Works training.

3. 19-D-01, 19-UP-01 and 19-SD-01 – Gregory and Angela Galatolo – 4350 El Camino Real Multiple-Family Design Review, Conditional Use Permit and Tentative Subdivision map for a new multiple-family development with a five-story building with 47 condominium units along El Camino Real with two levels of underground parking. The proposal includes seven affordable units with four moderate-income units and three very-low-income units, and a density bonus with development incentives to allow for increased building height and a reduced parking aisle width. A Mitigated Negative Declaration with Mitigation Monitoring and Reporting Program in compliance with the California Environmental Quality Act (CEQA) will be considered. Project Planner: Hayagreev THIS ITEM WAS CONTINUED FROM THE APRIL 7, 2022 PC MEETING.
140
Agenda Item # 6.
6/2/2022 PLANNING COMMISSION MEETING MINUTES Page 3 of 3 There was no quorum for agenda item #3 since Commissioner Steinle had to recuse himself because his residence is located within 500 feet of the project site.

Action: Upon motion by Vice-Chair Mensinger, seconded by Commissioner Roche, the Commission moved to continue Multiple-Family Design Review, Conditional Use Permit and Tentative Subdivision map applications 19-D-01, 19-UP-01 and 19-SD-01 to a date certain for the July 21, 2022 PC meeting.

The motion was approved (4-0) by the following vote:

AYES: Vice-Chair Mensinger Commissioners Ahi, and Roche NOES: None
RECUSED: Steinle
ABSENT: Chair Doran, Commissioners Bodner and Marek

ADJOURNMENT
Chair Doran adjourned the meeting at 7:01 PM.

Steve Golden
Interim Planning Services Manager
141
Agenda Item # 6.

PLANNING COMMISSION

AGENDA REPORT
4873-7778-1027v1
NON-BC\27916001
Meeting Date: June 16, 2022
Subject: Consider Proposed Modification to the Vesting Tentative Map and State Density Bonus for a 196-Unit Multiple-Family Development at 5150 El Camino Real; consider finding that no further review under the California Environmental Quality Act (CEQA) is required for the project because the findings in CEQA Guidelines Section 15162 cannot be made.

Prepared by: Sean K. Gallegos, Senior Planner
Initiated by: Applicant – Michael Ducote, Prometheus Real Estate Group, Inc.

Attachments:

A. Draft Resolution
B. Applicant Materials
• Density Bonus Report
C. Project Plans
D. December 10, 2019, City Council Staff Report, Attachments and Plans https://www.losaltosca.gov/citycouncil/page/city-council-regular-meeting-16 E. City Council Resolution 2019-43
https://www.losaltosca.gov/sites/default/files/fileattachments/ordinance/66571/resolution_no. _2019-43.docx.pdf
Staff Recommendation:

Recommend to the City Council:

1. Approval of a modification to the Vesting Tentative Map and State Density Bonus MOD22-0003 per the findings and conditions contained in the resolution (Attachment A).

Environmental Review:

An Initial Study and Mitigated Negative Declaration (IS/MND) was previously prepared in compliance with the California Environmental Quality Act (CEQA), the CEQA Guidelines (California Code of Regulations §15000 et. seq.) and the regulations and policies of the City of Los Altos. The Mitigated Negative Declaration and Mitigation Monitoring and Reporting Program for the project were adopted for the project by the City on December 10, 2019, and for reasons set forth in further detail later in this report, a subsequent MND is not required under State CEQA Guidelines Section 15162.

Project Description:

On December 10, 2019, the City Council approved a multiple-family condominium residential development with 196 units, common areas and one level of underground parking. The applicant 142
Agenda Item # 6.

Subject: Proposed 196-Unit Multiple-Family Development at 5150 El Camino Real June 16, 2022 Page 2
requests to modify the approved Vesting Tentative Map which created one lot for condominium purposes into a two-lot subdivision. Lot 1 includes the two five-story buildings along El Camino Real with 172 rental units and Lot 2 will include the townhouse buildings with 24 units that will be further subdivided by a condominium plan to create for-sale units. The applicant also requests to modify the previously approved 28 affordable units (12 moderate and 16 very-low) to 29 lowincome affordable units (or 20% of the 145 base units), to satisfy the City’s requirements for rental projects. The applicant also proposes maintaining the 35 percent density bonus, development concessions and waivers it is eligible under State Density Bonus Law and the Los Altos Municipal Code (LAMC), but the project will need an additional development waiver for the required 75- foot site frontage requirement for Lot 2.

The draft resolution contained in Attachment A includes the project’s findings and conditions of approval. The project’s Density Bonus Report is included in Attachment B. The following tables summarize the project’s technical details:

Fiscal Impact:

The project will result in the following estimated financial contributions to the City:
• Park in-Lieu Fees: $6,958,000 ($35,500/multiple-family dwelling unit) • Traffic Impact Fees: $815,164 ($4,159/multiple-family dwelling unit) • Los Altos Public Art Fund: (one percent of construction costs, up to $200,000) GENERAL PLAN DESIGNATION: Thoroughfare Commercial
ZONING: CT (Commercial Thoroughfare)
PARCEL SIZE: 3.8 acres (165,345 square feet)
Existing Proposed Required/Allowed
SETBACKS –LOT 1 (APARTMENTS)
Front (north)
Rear (south)
Left side (east)
Right side (west)
SETBACKS – LOT 2 (TOWNHOMES)
Front (west)
Rear (east)
Left side (north)
Right side (south.)
-
-
-
-
-
-
-
-
25 feet
119 feet (min.)

49.8 feet (min.)
45 feet (min.)
48 feet
45 feet
48 feet
8 feet
25 feet
100 feet

7.5 feet (avg.)

7.5 feet (avg.)
25 feet
40 feet
40 feet

7.5 feet (avg)
HEIGHT (Condo Bldgs.)
Top of roof deck
Top of parapet wall
Stair towers
Elevator tower
30 feet1
40 feet1
-
-
56 feet
62 feet
68 feet
68 feet
45 feet
57 feet
57 feet
57 feet
HEIGHT (Townhome Bldgs.)
143
Agenda Item # 6.

Subject: Proposed 196-Unit Multiple-Family Development at 5150 El Camino Real June 16, 2022 Page 3
1 The 30-foot height, as allowed by the Zoning Code at the time, is measured from the site’s highest grade, along the rear property line, to the mid-point of the building’s sloping roof. The actual building height from adjacent grade to top of parapet wall is approximately 40 feet.
2 The Zoning Code (Section 14.28.046.C) allows for reduced on-site parking (0.5 spaces/bedroom) when a project provides affordable housing and is within ½ mile of a major transit stop.

Background
City Council
On December 10, 2019, the City Council approved resolution No. 2019-43 making the findings, adopting a Mitigated Negative Declaration and Mitigation Monitoring and Reporting program consistent with the California Environmental Quality Act, and approving the design review, use permit and subdivision applications for a new 196-unit multiple-family development at 5150 El Camino Real. The project included the development of two five-story condominium buildings along El Camino Real with 172 units and two three-story townhouse buildings along the rear with 24 condominium units. The approved project included 28 affordable units – 12 moderate and 16 very-low – in exchange for a 35 percent density bonus, an on-menu development incentive to allow for increased height and an off-menu incentive for reduced parking stall widths in the underground garage, and a waiver for a reduced percentage of landscaping in the front yard setback area.

Discussion/Analysis
General Plan
The General Plan contains goals and policies for the El Camino Real Corridor in the Land Use Element, Community Design & Historic Resources Element, Economic Development Element, and Housing Element which emphasize increasing commercial vitality, intensification of development, developing housing, including affordable housing, improving the streetscape of the El Camino Real corridor and ensuring compatibility with adjacent residential land uses and nearby single-family neighborhoods.

The Housing Element encourages maximum densities of residential development as well as facilitating affordable housing. The Project maintains a density of 52 units per acre, which would exceed the maximum density allowed for the El Camino Real corridor (38 dwellings per acre) and includes 29 affordable dwelling units. The site is identified as an opportunity site in the Housing Top of roof deck
Top of parapet wall
-
-
30 feet

33.5 feet
30 feet
42 feet
PARKING 291 spaces 290 spaces 169 spaces2

DENSITY
Base density units
Density bonus units
Total units
Affordable units
-
-
-
-
145 units
51 units
196 units
29 units (20%)
145 units (38 du/ac)
51 units (35%)
196 units (52 du/ac)
29 units (20%)

OPEN SPACE
Private
Public
-
-
67 square feet/unit
62,880 square feet
50 square feet/unit
3,200 square feet
144
Agenda Item # 6.

Subject: Proposed 196-Unit Multiple-Family Development at 5150 El Camino Real June 16, 2022 Page 4
Element, with realistic potential to achieve 144 units. So, the proposed 196 units, with 29 affordable units, would meet and exceed the General Plan’s Housing Element housing projection target for this site.

The Land Use Element encourages intensification along the El Camino Real corridor while also requiring that new development be compatible with nearby residential land uses. Since the site is adjacent to a multiple-family building to the west and single-family properties to the south, the Project includes increased setbacks along the right side and rear property lines, including a significant amount of landscaping and evergreen screening trees. In addition, the lower scale townhouses at the rear of the site provide a transition between the single-family residential uses and the taller condominium buildings along El Camino Real.

Zoning
The proposed subdivision includes two proposed lots. Lot 1 is proposed to be 2.4 acres and is considered a conforming interior lot according to CT zoning district and the “lot” definitions in Chapter 14.02 of the LAMC with the front lot line abutting El Camino Real. Lot 2 is a 1.4 acre lot that complies with the minimum 20,000 square foot area requirement of the CT zoning district (Section 14.50.070 LAMC), but does not have the required 75-foot site frontage along a public street. In lieu of satisfying this requirement, the project is eligible for a development waiver under State Density Bonus Law and the city’s Multi-Family Affordable Housing Ordinance (Chapter

14.28).

Additionally, with regards to the lot orientation for a flag lot, Section 14.02.070 of the LAMC states that the “front lot” line is the “interior lot line most parallel to and nearest the street from which the means of access is obtained, except that where the average width of a flag lot exceeds its average depth and the longer dimension is considered the depth, the front lot line will be the property line from which the front yard is measured.” Furthermore, Section 14.02.070 LAMC states that a “front lot” line may be assigned or designated by the City Planner.

Subject: Proposed 196-Unit Multiple-Family Development at 5150 El Camino Real June 16, 2022 Page 5
While the applicant has not pursued a waiver under Government Code Section 65915(e) and Los Altos Municipal Code Section 14.28.046(C) from the definition of “flag lot” or “front lot” line for lot No. 2, a waiver request appears appropriate and reasonable for a project of this size and scope.1 To provide appropriate vehicular and pedestrian access from El Camino Real to lot No. 2, the lot would have appropriate and reasonable access and entry spaces to the townhouse with 26-footwide lanes with emergency vehicle access easement (EVAE) and private access and utility easement (PAUE) easement, and four- to seven-foot wide pedestrian assessment easement along the east and west sides of lot No. 1. The orientation of the front lot line along the west property line would not be inconsistent with the development approved by the City Council on December 10, 2019, and it would result in the least adverse impacts to adjoining properties.

Thus, if the applicant requested a waiver, staff believes the requested waiver would not have a specific, adverse impact upon public health and safety or the physical environment or on any real property that is listed in the California Register of Historical Resources and for which there is no feasible method to satisfactorily mitigate or avoid the specific, adverse impact without rendering the development unaffordable to low income households.

The density bonus, incentive and development waiver are discussed in the Affordable Housing section below.

Parking
With regard to on-site parking, since the project is providing affordable housing and is located within ½ mile of a major transit stop, it is eligible for reduced on-site parking standards as specified in Section 14.28.046(D). The project is required to have 0.5 on-site parking spaces per bedroom in each unit. With a total of 338 bedrooms in the condominium and townhouse units, a minimum of 169 on-site parking spaces are required for this project. The City Council previously approved the project with a total of 290 parking spaces including 236 spaces in the underground parking garage for the rental units, 48 spaces in the townhouse garages and six surface level guest spaces along the access road (three on Lot 1 and three on Lot 2). In addition, two loading spaces (10 feet x 25 feet) are provided along the access road. The modification to the Vesting Tentative Map does not modify the number of parking spaces (290) approved by the City Council on December 10, 2019.
1 A project is entitled to a waiver if the findings for the waiver can be made, even if the waiver is not requested by the applicant. See Bankers Hill 150 v. City of San Diego, (2022) 74 Cal.App.5th 755, 770 (“[A] city must offer a waiver or reduction of development standards that would have the effect of physically precluding the construction of a development at the density, or with the requested incentives, permitted by the Density Bonus Law.”) 146
Agenda Item # 6.

Subject: Proposed 196-Unit Multiple-Family Development at 5150 El Camino Real June 16, 2022 Page 6
Bicycle and Pedestrian Amenities
There are no proposed modifications to the previously approved bicycle and pedestrian amenities.

Overall, the project’s pedestrian amenities and improvements continue to meet or exceed all applicable City policies and guidelines.

Affordable Housing - Density Bonus and Development Incentives The City Council previously approved a total of two development incentives and one waiver in exchange for providing affordable housing for the 196-unit condominium development.

The proposed modification to the Vesting Tentative Map subdivides the lot into two lots for condominiums, with the two five-story building with 172 rental units on Lot 1, and the townhouse buildings with 24 for-sale condominium units on Lot 2. Due to the five-story buildings on Lot 1 being for rental purposes, the City’s Affordable Housing Ordinance (LAMC Chapter 14.28) requires a minimum of 20 percent of the units be affordable, with twenty (20) percent designated as affordable at the low-income level or fifteen (15) percent designated as affordable at the verylow income level.

With a base density of 145 units, the project must provide 29 affordable units. Since the applicant is proposing 29 low-income units, the project is in compliance with the City’s Affordable Housing Ordinance. The following table breaks down the proposed unit types and sizes for both the affordable and market rate units for the project approved by the City Council and the proposal being reviewed by the Planning Commission:

Condominium Units Townhouse Units
Approved
12/10/19
Proposed Approved
12/10/19
Proposed
Affordable 1-
bedroom
12 14 Affordable 2-
bedroom
2 -
2-
bedroom
13 15 3-
bedroom
1 -
Market
Rate
1-
bedroom
68 66 Market
Rate
2-
bedroom
2 4
2-
bedroom
77 75 3-
bedroom
15 16
3-
bedroom
2 2 4-
bedroom
4 4
Total 172 172 24 24
Housing Element program 4.3.2 requires that affordable housing units generally reflect the size and number of bedrooms of the market rate units. In addition, the Multiple-Family Affordable Housing Ordinance requires that all affordable units in a project be constructed concurrently with market rate units, be dispersed throughout the project, and not be significantly distinguishable by size, design, construction or materials. The project’s Density Bonus Report (Attachment B) provides exhibits that show where the affordable units will be throughout the two five-story rental buildings, with no affordable proposed for the townhouse buildings. Condition No. 3 has been 147
Agenda Item # 6.

Subject: Proposed 196-Unit Multiple-Family Development at 5150 El Camino Real June 16, 2022 Page 7
added to specify the breakdown of affordable units by income level, that the units shall be provided at the location on the approved plans, and that they shall not be significantly distinguishable with regard to design, construction or materials. Thus, as designed and conditioned, the proposed affordable housing units appear to meet the intent of the City’s affordable housing requirements.

Under the State’s density bonus regulations (Section 65915 of the California Government Code), the project qualifies for a 35 percent density bonus with at least 20 percent low-income units.

With regard to incentives or concessions, since the project is providing 20 percent of its units as affordable at the low-income level, it continues to qualify for two incentives per State Law and City Ordinance. The City Council approved the original project on December 10, 2019, with a height incentive to allow the project to exceed the maximum height limit of 45 feet by 11 feet (onmenu) and a six-inch reduction in the required parking stall width for the spaces in the underground parking garage (off-menu). The proposed project is not requesting to modify the previously approved incentives and waivers.

The project is seeking a new waiver under Government Code Section 65915(e) and Los Altos Municipal Code Section 14.28.046(C) to not require the 75-foot site frontage for lot No. 2, which is required under 14.50.070 of the Zoning Code. Per State Law and City Ordinance, the City must grant a requested waiver or development standard reduction unless it can make one or more the following findings:
• The waiver or reduced development standard would not have the effect of physically precluding the construction of a development meeting the criteria of this section at the densities or with the incentives permitted under this section. • The waiver or reduced development standard would have a specific, adverse impact upon health, safety, or the physical environment, and for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact. • The waiver or reduced development standard would have an adverse impact on any real property that is listed in the California Register of Historical Resources. • The waiver or reduced development standard would be contrary to state or federal law.

None of these findings can be made. To provide appropriate vehicular and pedestrian access from El Camino Real to Lot 2, they will have 26-foot-wide lanes with emergency vehicle access easement (EVAE) and private access and utility easement (PAUE) easements, and four- to sevenfoot wide pedestrian assessments along the east and west sides of Lot 1. Thus, the requested waiver would not have a specific, adverse impact upon public health and safety or the physical environment or on any real property that is listed in the California Register of Historical Resources and for which there is no feasible method to satisfactorily mitigate or avoid the specific, adverse impact without rendering the development unaffordable to low-income households.

A Density Bonus Report that supports the requested density bonus, development incentives and waiver requests was prepared by the Applicant and is included in Attachment B. 148
Agenda Item # 6.

Subject: Proposed 196-Unit Multiple-Family Development at 5150 El Camino Real June 16, 2022 Page 8
For reference, the low-income housing units would be limited in cost to be affordable to a household that makes no more than 80 percent of the County’s median income. The County’s median family income for FY 2021 is $151,300 per HCD calculations.

Subdivision
The project includes a modified Vesting Tentative Map to create a two-lot subdivision. Lot 1 is proposed to be 2.4 acres and will include the two five-story building for 172 rental units along El Camino Real with associated private and common areas and Lot 2 is proposed to be 1.4 acres and will be further subdivided with a condominium plan for the townhouse buildings with 24 for-sale units and associated private and common areas. The subdivision conforms to the permitted General Plan and Zoning Code densities as modified by State law. The subdivision is not injurious to public health and safety, and is suitable for the proposed type of development, and the subdivision provides proper access easements for ingress, egress, public utilities and public services. A comprehensive list of findings and approval conditions for the subdivision modification are contained in the resolution found in Attachment A.

While the applicant requests to modify the 196-unit development to eliminate the phased construction of the project, based on City Council previous concerns that affordable housing and parking should be provided during the phases of construction or if (for unforeseen circumstances) the completion of the project could not be realized by the applicant. To address this, the following condition has been proposed in the Resolution:

Condition No. 4: The condition shall supersede Condition No. 5 in Resolution No. 2022-043.

Once construction is initiated by the developer, there shall be continuous progress without phasing of the development.

Subject: Proposed 196-Unit Multiple-Family Development at 5150 El Camino Real June 16, 2022 Page 9
CEQA. State CEQA Guidelines Section 15162 (Subsequent EIRs and Negative Declarations) provides that when a mitigated negative declaration (MND) is adopted for a project, no subsequent MND shall be prepared for that project unless the lead agency determines, on the basis of substantial evidence in light of the whole record, that there are new significant environmental effects due to a change in the project or circumstances, or there is new information of substantial importance as identified in State CEQA Guidelines Section 15162(a)(3). The project was evaluated in 2019 with the approval of the 196-unit multiple-family development. A Mitigated Negative Declaration (MND) was prepared and certified for the project titled the 5150 El Camino Real Residential Development MND (SHC# 2019079050) and was adopted in December 2019.

Public Contact and Correspondence
For this meeting, a public hearing notice was published in the Town Crier and mailed to the 454 property owners and business tenants within 1,000 feet of the site. A public notice billboard with color renderings was installed along the project’s El Camino Real frontage.

To-date, staff has not received comment letters on the project, including the CEQA related comment letters.

Options
The Planning Commission may recommend approval, approval with modifications, or denial of the proposed project. Any recommendation made by the Commission should be supported by the required findings contained in the Resolution. Once the Commission makes a recommendation, the Project will be forwarded to the City Council for consideration and final action. 150
Agenda Item # 6.

RESOLUTION NO. 2022-XX

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

FINDINGS, APPROVING A SUBDIVISION MODIFICATION APPLICATION FOR A 196-UNIT MULTIPLE-FAMILY DEVELOPMENT AT 5150 EL CAMINO REAL WHEREAS, the City of Los Altos received a development application from Michael Ducote of Prometheus Real Estate Group, Inc. (Applicant), for a modification to a 196-unit multiple-family residential development at 5150 El Camino Real that includes a modification to a Subdivision MOD22-0003 application, referred to herein as the “Project”; and WHEREAS, said Project is located in the CT District, which allows multiple-family housing as a conditional use at a maximum density of 38 dwelling units per net acre of land; and WHEREAS, said Project has a net site area of 3.80 acres (165,345 square feet), which will allow for a base residential density of 145 dwelling units; and WHEREAS, the Applicant is offering 29 low-income affordable housing units for sale as part of the Project; and
WHEREAS, the Applicant’s proposed unit mix would consist of 20 percent of its base density as affordable, with 20 percent of the units affordable at the low-income level, thereby entitling the project to qualify for a density bonus, two incentives and additional concessions pursuant to Los Altos Municipal Code Section 14.28.046 and Government Code Section 65915, et seq.; and WHEREAS, the City Council on December 10, 2019 by Resolution 2019-43 approved two incentives under Government Code Section 65915(e) and Los Altos Municipal Code Section

14.28.046 to allow: a) the two condominium buildings along El Camino Real to have a primary height of 56 feet, where the Code allows for 45 feet; and b) an on-site parking stall width of 8.5 feet for the parking spaces in the underground garage, where the Code requires an on-site parking stall width of nine feet on December 10, 2019; and
WHEREAS, the Applicant is eligible for and has requested a 35 percent density bonus to allow development of the Project pursuant to Government Code 65915 and Los Altos Municipal Code Section 14.28.046 and Table A in the Appendix to the Affordable Housing Ordinance; and WHEREAS, the City Council approved on December 10, 2019 by Resolution 2019-43, a parking requirement alteration under Government Code Section 65915(e) and Los Altos Municipal Code Section 14.28.046 to allow for a reduction in the parking requirement, inclusive of handicapped and guest parking, to allow for a reduction in the parking requirement to: 1) zero to one bedroom units, one onsite parking space, 2) two to three bedroom units, two onsite parking spaces, and for four and more bedroom units, two and one-half parking space on December 10, 2019; and WHEREAS, the Applicant is eligible for and has requested a waiver from the 75-foot site frontage requirement under Government Code Section 65915(e) and Los Altos Municipal Code Section

14.28.046 to not require a minimum site frontage where Section 14.50.070 requires a minimum 75-foot site frontage for lot No. 2; and
151
Agenda Item # 6.

WHEREAS, the Project qualifies as a project under the California Environmental Quality Act (CEQA), Public Resource Code §§21000-21189.3 but no further environmental review is necessary; and
WHEREAS, State CEQA Guidelines Section 15162 (Subsequent EIRs and Negative Declarations) provides that when an EIR has been certified or negative declaration adopted for a project, no subsequent EIR or negative declaration shall be required for that project unless the lead agency determines, on the basis of substantial evidence in light of the whole record, that there are new significant environmental effects due to a change in the project or circumstances, or there is new information of substantial importance as identified in CEQA Guidelines Section 15162(a)(3); and
WHEREAS, the subject property was evaluated in 2019 with the approval of the 196-unit multiple-family development at 5150 El Camino Real. A Mitigated Negative Declaration (MND) was prepared for the project; and
WHEREAS, an MND was prepared and certified by the City Council as part of the 5150 El Camino Real Residential Development MND (SHC# 2019079050) on December 10, 2019; and WHEREAS, based on staff’s review of the Project, no special circumstances exist that would create a reasonable possibility that the Project will have a significant effect on the environment beyond what was previously analyzed and disclosed; and
WHEREAS, said Project has been processed in accordance with the applicable provisions of the California Government Code and the Los Altos Municipal Code; and WHEREAS, on June 16, 2022, the Planning Commission conducted a duly noticed public hearing at which members of the public were afforded an opportunity to comment upon the Project, and at the conclusion of the hearing, the Planning Commission recommended that the City Council approve the Project; and
WHEREAS, on _______________, the City Council held a duly noticed public meeting as prescribed by law and considered public testimony and evidence and recommendations presented by staff related to the Project; and
WHEREAS, all the requirements of the Public Resources Code, the State CEQA Guidelines, and the regulations and policies of the City of Los Altos have been satisfied or complied with by the City in connection with the Project; and
WHEREAS, the findings and conclusions made by the City Council in this Resolution are based upon the oral and written evidence presented as well as the entirety of the administrative record for the proposed Project, which is incorporated herein by this reference. The findings are not based solely on the information provided in this Resolution; and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. 152
Agenda Item # 6.

NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Los Altos hereby approves the Project subject to the Findings (Exhibit A), Conditions of Approval (Exhibit B), attached hereto and incorporated by this reference.

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 16th day of June 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________
Anita Enander, MAYOR
Attest:
_____________________________
Angel Rodriguez, CITY CLERK
153
Agenda Item # 6.

EXHIBIT A

FINDINGS

1. FINDING: Finding that no further environmental review is necessary under CEQA pursuant to State CEQA Guidelines Section 15162 (Subsequent EIRs and Negative Declarations).

The proposed Project is a project under CEQA. State CEQA Guidelines Section 15162 (Subsequent EIRs and Negative Declarations) provides that when a mitigated negative declaration (MND) adopted for a project, no subsequent EIR or MND shall be prepared for that project unless the lead agency determines, on the basis of substantial evidence in light of the whole record, that there are new significant environmental effects due to a change in the project or circumstances, or there is new information of substantial importance as identified in State CEQA Guidelines Section 15162(a)(3). The project was evaluated in 2019 with the approval of the 196-unit multiple-family development. A Mitigated Negative Declaration (MND) were prepared and certified for the project titled the 5150 El Camino Real Residential Development MND (SHC# 2019079050), which was adopted in December 2019.

2. SUBDIVISION FINDINGS. With regard to Subdivision MOD22-0003, the City Council finds, in accordance with Section 66474 of the Subdivision Map Act of the State of California, as follows:
a. The proposed subdivision is not consistent with the General Plan; This Finding cannot be made. The proposed subdivision is consistent with the Los Altos General Plan, including the Land Use Element, which designates the parcel as Thoroughfare Commercial and allows for higher density residential development. Specific applicable policies of the General Plan for creating one parcel to be further divided into 196 condominium units include Land Use Element Policies 2.2, 4.3 and 4.4, Housing Element Policy 4.3, and the Infrastructure and Waste Disposal Element Policies 1.3, 2.2 and 3.1. The subdivision is also consistent with the El Camino Special Planning 154
Agenda Item # 6.
b. The Project site is not physically suitable for this type and density of development in that the project meets all applicable Zoning requirements except where a density bonus, and development incentives have been granted;
This Finding cannot be made. The proposed subdivision is consistent with the Los Altos General Plan, including the Land Use Element, which designates the parcel as Commercial Thoroughfare and allows for higher density residential development.

Specific applicable policies of the General Plan for creating one parcel to be further divided in 196 residential condominium units include Land Use Element Policies 2.2, 4.3 and 4.4, Housing Element Policy 4.3, and the Infrastructure and Waste Disposal Element Policies 1.3, 2.2 and 3.1. The subdivision is also consistent with the El Camino Special Planning Area within the Land Use Element. The subdivision is not within an area adopted as specific plan area.
c. The design of the subdivision and the proposed improvements are likely to cause substantial environmental damage, or substantially injure fish or wildlife; and no evidence of such has been presented;
This Finding cannot be made. The design of the subdivision and the proposed improvements will not cause substantial environmental damage, or substantially injure fish or wildlife because the site is located within a developed urban context and is not in or adjacent to any sensitive habitat areas;
d. The design of the subdivision or type of improvements is likely to cause serious public health problems.; and
This Finding cannot be made. The design of the subdivision will not cause serious public health problems because the site is located within an urban context and has access to urban services including sewer and water.
e. The design of the subdivision or the type of improvements will conflict with easements, acquired by the public at large, for access through or use of the property within the proposed subdivision. In this connection, the governing body may approve a map if it finds that alternate easements, for access or for use, will be provided, and that these will be substantially equivalent to ones previously acquired by the public. This subsection shall apply only to easements of record or to easements established by judgment of a court of competent jurisdiction and no authority is hereby granted to a legislative body to determine that the public at large has acquired easements for access through or use of property within the proposed subdivision.

This Finding cannot be made. The design of the subdivision will not conflict with access easements because there are no known existing access easements encumbering this property.

3. AFFORDABLE HOUSING AND DENSITY BONUS FINDINGS. With regard to the offered below market rate units and requested density bonus, and incentives and parking 155
Agenda Item # 6.
requirement alteration, the City Council finds, in accordance with Los Altos Municipal Code Section 14.28.046, as follows:
a. The Applicant is offering 29 affordable units for rent at the low income, which is 20 percent of the Project’s base density, and qualifies the Project for a 35 percent density bonus, two incentives, and a parking requirement alteration, as well as development standard waivers;
b. Per Table DB 3 in Section 14.28.040(C)(1)(b), a project that offers 20 percent of its total units (base density) as low income restricted affordable units shall be granted a density bonus of 35 percent, and per Table DB4 in Section 14.28.040(C)(1)(b), a project that offers 17 percent or more of its total units (base density) as low income restricted affordable units shall be granted two (2) incentives. Since the Project is providing 20 percent of its total units as affordable at the low income level, the City shall grant a density bonus of at least 35 percent and two (2) incentives; c. Per Government Code Section 65915(e) and Section 14.28.046, a project can request a waiver or reduction of development standards that have the effect of physically precluding the construction of a development in addition to the density bonus and incentives permitted by the Code. Consistent with these requirements, the applicant is requesting a complete waiver from the requirement for a 75-foot street frontage for lot No. 2.

With regard to the waiver, it can be supported by the fact that implementation of this Zoning Code standard physically precludes the construction of the development and the facilities. The waiver request appears appropriate and reasonable for a project of this size and scope. To provide appropriate vehicular and emergency vehicle access to the site, appropriate and reasonable access and entry spaces to the ground level townhouse, 26- foot wide lanes with emergency vehicle access (EVAE) and private access and utility easement (PAUE) easements, and four- to seven-foot wide pedestrian assessments along the east and west sides of lot No. 1 for pedestrian access to lot No. 2. Thus, the requested waiver would not have a specific, adverse impact upon public health and safety or the physical environment or on any real property that is listed in the California Register of Historical Resources and for which there is no feasible method to satisfactorily mitigate or avoid the specific, adverse impact without rendering the development unaffordable to very low-income and moderate-income households.
a. The proposed project provides for a variety of housing types in a variety of income categories, including low-income units, and retaining the affordability of these units for 99 years allows the conservation of the City’s affordable housing stock for the long term. b. The proposed project, as conditioned, provides for the long-term affordability of housing units that further the Goals, Policies, and Programs of the 2015-2023 Housing Element of the Los Altos General Plan.
156
Agenda Item # 6.

EXHIBIT B

CONDITIONS

GENERAL

1. Conditions in Resolution No. 2022-043
The below conditions shall supplement and not supersede the conditions of approval in resolution No. 2022-42, unless specified otherwise in the below conditions.

2. Approved Plans
The condition shall supersede Condition No. 1 in Resolution No. 2022-043, the project approval is based upon the plans and documentation received on May 20, 2022, except as modified by these conditions.

3. Affordable Housing
The condition shall supersede Condition No. 2 in Resolution No. 2022-043, and the project shall provide the City 29 below market rate units as follows:
a. Fourteen (14) one-bedroom condominium units at the low-income level; and b. Fifteen (15) two-bedroom condominium units at the low-income level;

4. Phased Parking
The condition shall supersede Condition No. 5 in Resolution No. 2022-043. Once construction is initiated by the developer, there shall be continuous progress without phasing of the development. The project shall provide the resident and guest parking spaces required for the rental and townhouse units

5. Phase Development
The condition shall supersede Condition No. 5 in Resolution No. 2022-043. Once construction is initiated by the developer, there shall be continuous progress without phasing of the development.

6. Indemnity and Hold Harmless
The applicant/owner agrees to indemnify, defend, protect, and hold the City harmless from all costs and expenses, including attorney’s fees, incurred by the City or held to be the liability of the City in connection with the City’s defense of its actions in any proceedings brought in any State or Federal Court, challenging any of the City’s action with respect to the applicant’s project.

PRIOR TO SUBMITTAL OF BUILDING PERMIT

7. Affordable Units
Condition No. 24 in Resolution No. 2022-043 shall supersede Condition No. 24 in Resolution 2022-043. The Project’s below market rate units shall be constructed concurrently with the market rate units.

8. Parkland Dedication
157
Agenda Item # 6.

The condition shall supersede Condition No. 26 in Resolution No. 2022-043. The applicant and City shall enter into good faith negotiations toward executing a memorandum of understanding (MOU) or Exclusive Negotiating Agreement (ENA) prior to issuance of the project’s first building permit. The agreement would allow the city and applicant/developer to negotiate the terms of an agreement that will provide a public park at 745 Distel Drive, and shall:
a. Provide for a “turn key” park and detail the process by which the park design will be developed and approved.
b. Provide for payment to the city of the difference between the total cost of the park and the in-lieu park fee amount that would otherwise be paid.
c. Require the payment of the estimated difference between the total cost of the park and the otherwise required in-lieu fee at the time of issuance of the first building permit for the project.
d. Include an “opt-out” clause.

In the event that an MOU or ENA is not executed by the parties prior to issuance of the project’s first building permit, the applicant shall instead pay the applicable in lieu park fee.

PRIOR TO FINAL MAP RECORDATION

9. Pedestrian Access Easement
The condition shall supersede Condition No. 33 in Resolution No. 2022-043, and the applicant shall dedicate the portion of the public sidewalk along the El Camino Real frontage that is on the project site and along the east and west side of the two-five-story buildings and along the townhouses to the City of Los Altos for use as a pedestrian access easement. Applicant shall submit documentation to the City for review and approval for the recordation of the public easement to the City of Los Altos.

10. Emergency Vehicle Access Easement
The applicant shall dedicate the roadway along the east and west side of the two-five-story buildings and along the townhouses to the City of Los Altos for use as an emergency vehicle access easement. Applicant shall submit documentation to the City for review and approval for the recordation of the public easement to the City of Los Altos.

PRIOR TO ISSUANCE OF BUILDING PERMIT

11. Final Map Recordation
The applicant shall record the final map. Plats and legal descriptions of the final map shall be submitted for review by the City Land Surveyor. Applicant shall provide a sufficient fee retainer to cover the cost of the map review by the City.

12. Affordable Housing Agreement
The condition shall supersede Condition No. 40 in Resolution No. 2022-043, and the Applicant shall execute and record an Affordable Housing Agreement, in a form approved by the City Attorney and signed by the Community Development Director, that offers 29 below market rate rental units affordable to low-income households in 99 years, as defined in Condition No. 158
Agenda Item # 6.

2. The below market rate units shall be constructed concurrently with the market rate units, shall be provided at the location on the approved plans, and shall not be significantly distinguishable with regard to design, construction or materials. Upon completion of the townhouses on Lot No. 2, five townhouses shall not be sold for five years from the date of occupancy and shall be held by an entity controlled by Prometheus Real Estate Group, Inc. If 172 rental units on Lot No. 1 are not initiated within five years from completion of townhouses, the five unsold townhouse units shall be dedicated as affordable units. If the 172 rental units on Lot No. 1 are initiated within five years from the completion of the townhouses, the condition for five unsold townhouse units be dedicated as affordable will terminate.

13. Affordable Housing
The Condition No. 41 as stated in the following sentence in Resolution No 2022-41 shall be deleted. Within 30 clays of project approval, the applicant shall enter into a Memorandum of Understanding with a third-party affordable housing developer to use best efforts to explore and effectuate financing options for the purchase and management of up to an additional 58 marketrate units in the Project to be dedicated as affordable rental units.

14. Grading and Drainage Plan
The applicant shall submit detailed plans for on-site and off-site grading and drainage plans that include drain swales, drain inlets, rough pad elevations, building envelopes, and grading elevations for review and approval by the City Engineer. 159
Agenda Item # 6.

DENSITY BONUS REPORT
PER CALIFORNIA GOVERNMENT CODE SECTION 65915 ET SEQ.
(“DENSITY BONUS LAW”)

CALCULATION
• Lot Size: 3.8 acres
• Per General Plan Maximum Density allowed: 38 du/ac = 145 units • Per Los Altos Municipal Code Required Affordable Housing (20%) = 145 units x 20% BMR = 29 BMR units (29 Low Income units)
• 20% Low Income units are required to qualify for the 35% State Density Bonus and 2 Incentives = 20% BMR x 145 units = 29 Low income units. (Per Los Altos Municipal Code Section 14.28.040C(b)ii)

PROVIDED
• Total BMR: 29 Below-Market-Rate units (29 Low Income Units) • 145 Units + 35% State Density Bonus = 196 units (172 rental units/24 townhomes)

REQUESTED INCENTIVES
• Height of condo building 1&2 increase by 11 feet (45 feet allowed + 11 foot increase = 56 feet)
• Reduction in parking stall width dimension to (8.5 feet x 18 feet versus 9 feet x 18 feet)
160
Agenda Item # 6.

REQUESTED DEVELOPMENT STANDARD WAIVERS/REDUCTIONS
• Reduction of the 75-foot site frontage requirement identified in Planning Comment F.6. As requested by Staff, the project’s revised site plan [see sheet APO.27] will depict the project’s site frontages for both lots, which will demonstrate how the City’s 75-foot site frontage requirement would physically preclude development of the project as proposed.

REQUESTED PARKING REDUCTION
• Per California Government Code Section 65915(p)(2) & per Los Altos Municipal Code Section §14.28.040 G2(B)
“Development includes the maximum percentage of low-income ... units ... and is located within one-half mile of a major transit stop,...city and county shall not impose a vehicular parking ratio, ... that exceeds 0.5 spaces per bedroom.”

PROJECT DATA
Address:

Site Area:

General Plan Designation:

Zoning Designation:

Current Use:

Entitlements Requested:

Proposed Program:

Affordable Housing:

Construction Type:
5150 El Camino Real, Los Altos, CA 94022

3.8 Acres
Thoroughfare Commercial (38 du/ac)
CT Commercial Thoroughfare District
Los Altos Plaza – Approximately 77,000 square
feet of office
Vesting Tentative Tract Map, State Density Bonus
24 townhomes and 172 apartments – Total 196
units (52 du/ac)
29 Below Market Rate Units: 29 Low Income Units
Four separate buildings:
161
Agenda Item # 6.

Two buildings of 3-story townhomes at grade,
Type V wood-framed construction.

Two buildings of 5-story, Type III wood-framed
apartments over one level of underground
parking, Type I concrete.

Proposed Height: Max. 30-ft height for townhomes;
Max. 56-ft height for apartment buildings

RESPONSE TO STAFF QUESTIONS

1. For the parking requirement alteration, it is noted that “The project is located within 1/4–miles from a major transit station, a regional bus stop, and providing maximum affordable units.” However, per our discussion, it appears that the nearest major transit stop is the Showers Transit Center, which is approximately ½ mile away. Please update this discussion to provide more specific in- formation to support the findings necessary to grant the reduce parking requirements.

Traffic consultants have made the determination that our project qualifies as a transit priority project as the site is located within ¼ mile from a regional bus stop. “For purposes of this section, a high-quality transit corridor means a corridor with fixed route bus service with service intervals no longer than 15 minutes during peak commute hours.” The project is located along El Camino Real, which is a transit corridor with bus service from VTA Routes 22 and 522. A bus stop with routes 22 and 522, is located in front of our project site. Therefore, our site is located 0 miles or within ¼ mile from a regional bus stop.

2. For the two requested incentives, provide information and/or documentation to demonstrate how they result in identifiable and actual cost reductions to provide the affordable housing.
162
Agenda Item # 6.

REQUESTED INCENTIVES
• Height of apartment building 1&2 increase by 11 feet (45 feet allowed + 11 feet = 56 feet)
• Reduction in parking stall dimension to (8.5 feet x 18 feet) a. Increased height allows for more units which then reduces the actual construction cost
b. Lower parking ratios allow for the same, an increase in units which then translates into lower construction costs.

Table 1.0
Table 1.0 above compares total number of units between “with” and “without” incentive scenarios for both incentives under consideration:
*172 du/264 b=x du/226 b = 147 beds or equivalent of 25 dwelling units loss Without Incentives With Incentives Delta # of dwelling
units
a. Building 45 feet maximum 56 feet buildings
Height – buildings 1&2 1&2
Apt. 4-story building = 5-story buildings 1 less floor = - 33 Buildings1&2 149 units 1&2 = 172 units (15 + 18) dwelling units
b. Apt. Parking dimension Reduced parking
Parking 9 feet wide x 18
feet
dimension to 8.5 feet
(structured long wide x 18 feet long
parking 147 units or 226 172 units or 264 - 19 cars possible = garage) - 38
beds beds beds, or ~ 25 dus*
163
Agenda Item # 6.

RESPONSE TO STAFF QUESTIONS

COST IMPLICATIONS IN TERMS OF DOLLARS
Cost Savings gaining 33 units with additional building height (same logic applies to both incentives): Assuming construction hard costs on a $/sf basis are fixed, and not at a discount with the added scale; Land Costs (fixed) = +/- $50k per door spread throughout the project @ 196 units Site Work (fixed) = +/- $18k per door spread throughout the project @ 196 units Soft Costs (variable) = +/- 13% per door spread throughout the project @ 196 units
With vertical hard construction costs staying the same at 163 units and 196 units, the above calculations represent +/- $70k average savings per unit, or +/- $13.7mm. This value helps offset the reduced rental rates of the 29 affordable units.

COMMENT REGARDING APPLICANT’S
BURDEN
Please note that a recent appellate case, Schreiber v. City of Los Angeles (2021) 69 Cal. App. 5th 549, examined the financial requirement for incentives, and explained that there is a presumption that an incentive will result in cost reductions and that an applicant therefore “is not required to establish that cost reductions will result.” (Id. at 555.) Instead, a city must approve the request unless it makes one of the written findings set forth in Section 65915(d)(1). (Ibid.) “By requiring the city to grant incentives unless it makes particular findings, the statute places the burden of proof on the city to overcome the presumption that incentives will result in cost reductions.” (Id. at 556.)
164
Agenda Item # 6.

BELOW MARKET RATE UNITS – LOW INCOME
Rental Units:

Low Income Rental
Units: (14) 1 - BED
(15) 2 – BED
Total Units:29
UNIT TYPE Quantity SF Unit Mix Total SF
A1 777 13% 1,554
A2 4 877 29% 3,508
A3 4 874 29% 3,496
A4 4 1,015 29% 4,060
Total 1-bedroom units 14 3,543 100% 12,618
B1 2 1,135 13% 2,270
B2 1 1,299 7% 1,299
B3 1 1,347 7% 1,347
B4 0 0 0% 0
B5 0 0 0% 0
B6 3 1,520 20% 4,560
B7 6 1,486 40% 8,916
B8 0 0 0% 0
B9 2 1,474 13% 2,948
B10 0 0 0% 0
Total 2-bedroom units 15 8,261 100% 21,340
Total 29 11,804 100% 33,958
2 165
Agenda Item # 6.

MARKET RATE UNITS
Rental Units:

UNIT TYPE Quantity SF Unit Mix Total SF
A1 36 777 55% 27,972
A2 0 0 0% 0
A3 1 874 1% 874
A4 29 1,015 44% 29,435
Total 1-bedroom units 66 3,426 100% 59,041
B1 8 1,135 10% 9,080
B2 3 1,299 4% 3,897
B3 13 1,347 17% 17,511
B4 5 1,292 7% 6,640
B5 19 1,350 25% 25,650
B6 7 1,520 9% 10,640
B7 8 1,486 11% 11,888
B8 5 1,322 7% 6,610
B9 3 1,474 4% 4,422
B10 4 1,403 6% 5,612
Total 2-bedroom units 75 13,628 100% 101,950
C1 1 1,923 50% 1,923
C2 1 2,030 50% 2,030
Total 3-bedroom Pent unit 2 3,953 100% 3,953
Total 143 21,007 100% 164,944
166
Agenda Item # 6.

TOWNHOMES – MARKET RATE FOR SALE
UNIT TYPE Quantity SF Unit Mix Total SF
B8 4 2,122 17% 8,488
C3 4 2,358 17% 9,432
C4 12 2,639 50% 31,668
D1 4 3,172 16% 12,688
Total 24 10,291 100% 62,276
167
Agenda Item # 6.

STREET LEVEL PLAN

DN UP DN UP UP DN
UP DN
W
R
C
W
R
C
LIVING
19'-6" x 13'-0"
BATH

KITCHEN
L.F. 7'-0"
DINING
SHOWER

TH A-END TH B TH D-TAN TH C TH B TH B TH C TH D-TAN TH B TH B TH B TH A-END TH A-END TH B TH D-TAN TH C TH B TH B TH C TH D-TAN TH B TH B TH B TH A-END 2D 2D
2D
2D 2D
2D
2D 2D
2A 1A
2D 1B 1B 2B 1B 1B 1B 1B 2B 2B 1B
1D
1C 1C 1C
1C 2C
2C
1C 1C
UTIL. UTIL. UTIL. TRASH
TRASH
2D
45’ HEIGHT

SETBACK
30’ HEIGHT SETBACK
20’ BUFFER ZONE
25’ FRONT

SETBACK LINE OF SETBACK

COURTYARD OPEN SPACE COURTYARD B
26'
± 45' 210'-8" 54'-3" 222'-2" ± 42'-8
EVA

EL CAMINO REAL EVA
ONLY
± 29'-8" 132' ± 54'-11" 28'-6" 45'
25'-11
2" 7'-7"
29'-8"
EVA
ONLY

PARKING
TYP.

ELEC.

TRANSF.

ELEC.

TRANSF.

ELEC.

TRANSF.

TRASHSTAGING
LOADING(45'X10'MIN)
21'
8'-6" 21'
8'-6" 8'-6" 21'
8'-6" 21'
8'-6" 21'
EL: +8" EL: 6" EL: +8" TRASH STAGING LOADING ZONE (45'X10'MIN)/RIDE SHARE DROP-OFF/PICK-UP 10'
##2 #2#

LINE OF GARAGE BELOW LINE OF GARAGE BELOW

SHORT TERM

BICYCLE PARKING
ELEC.

TRANSF.

ADA

PARKING
TYP.

PARKING
TYP. 1
2 3
4 5
6 108' 182' 8'-0" 20'-0"
9'
18'
5'-6" 30' 11'-6"
EL: 8"
10' 4' 10' 10' 26'
EVA
10' 26'
EVA
13' 13' TH D1.0 TH C4.0 TH B8.0 TH C3.0 TH C4.0 TH C4.0 TH C3.0 TH B8.0 TH C4.0 TH C4.0 TH C4.0 TH D1.0 TH D1.0 TH C4.0 TH B8.0 TH C3.0 TH C4.0 TH C4.0 TH C3.0 TH B8.0 TH C4.0 TH C4.0 TH C4.0 TH D1.0 A1 A1 A1 A1 A2 A4 A4 B7 A4 A4 B3 B5 B5 B3B6 B1 B4 A1 A3 A4 B6
B3 B5 B5 B9 B7 A4 A4 B7 B1 A1

LOBBY / MAIL

CLUB HOUSE
EL: 0‘
EL: +8”

LOBBY / MAIL
EL: 0‘

RESTROOM

CLUB HOUSE
SHOWER EL: +8”
168
Agenda Item # 6.

LEVEL 2 PLAN
45’ HEIGHT

SETBACK
30’ HEIGHT SETBACK
20’ BUFFER ZONE
25’ FRONT

SETBACK LINE OF SETBACK
BALCONY (TYP.)
BALCONY (TYP.)
2D
2D 2D 2D
2D
2D
2D 2D
2A 2A 1A
2D 1B 1B 2B 1B 1B 2E 2D 1B 1B 2B 2B 1B
1D
1C 1C 1C 1C
1C 2C 1C 1C 2C 1C
TRASH UTIL. UTIL. UTIL. UTIL. TRASH
2D

TH A-END TH B TH D-TAN TH C TH B TH B TH C TH D-TAN TH B TH B TH B TH A-END TH A-END TH B TH D-TAN TH C TH B TH B TH C TH D-TAN TH B TH B TH B TH A-END ROOF
BELOW
ROOF
BELOW
ROOF
BELOW
ROOF
BELOW
ROOF
BELOW
ROOF
BELOW
DN
UP
DN
UP
DN
UP
DN
UP
R
W
C
R
W
C
TH D1.0 TH C4.0 TH B8.0 TH C3.0 TH C4.0 TH C4.0 TH C3.0 TH B8.0 TH C4.0 TH C4.0 TH C4.0 TH D1.0 TH D1.0 TH C4.0 TH B8.0 TH C3.0 TH C4.0 TH C4.0 TH C3.0 TH B8.0 TH C4.0 TH C4.0 TH C4.0 TH D1.0 A1 A1 A1 A1 A2 A4 A4 B7 A4 A4 B3 B5 B5 B3B6 B1 B4 A1 A1 A3 A4 B6 B3 B5 B5 B9 B7 B2 B10 A4 A4 B7 B1 A1 A1 B8
169
Agenda Item # 6.

LEVEL 3 PLAN
20’ BUFFER ZONE

LINE OF SETBACK
2D 2D 2D 2D
2D 2D 2D 2D
2A 2A 1A
2D 1B 1B 2B 1B 1B 2E 2D 1B 1B 2B 2B 1B 2D
1D
1C 1C 1C 1C
1C 2C 1C 1C 2C 1C
TRASH UTIL. UTIL. UTIL. UTIL. TRASH

TH A-END TH B TH D-TAN TH C TH B TH B TH C TH D-TAN TH B TH B TH B TH A-END TH A-END TH B TH D-TAN TH C TH B TH B TH C TH D-TAN TH B TH B TH B TH A-END BALCONY (TYP.)
UP
DN
UP
DN
UP
DN
UP
DN
R
W
C
R
W
C
45’ HEIGHT

SETBACK
30’ HEIGHT SETBACK
25’ FRONT

SETBACK
TH D1.0 TH C4.0 TH B8.0 TH C3.0 TH C4.0 TH C4.0 TH C3.0 TH B8.0 TH C4.0 TH C4.0 TH C4.0 TH D1.0 TH D1.0 TH C4.0 TH B8.0 TH C3.0 TH C4.0 TH C4.0 TH C3.0 TH B8.0 TH C4.0 TH C4.0 TH C4.0 TH D1.0 B8 A1 A1 A1 A1 A2 A4 A4 B7 A4 A4 B3 B5 B5 B3B6 B1 B4 A1 A1 A3 A4 B6
B3 B5 B5 B9 B7 B2 B10 A4 A4 B7 A1 A1 B1
170
Agenda Item # 6.

LEVEL 4 / TOWNHOME ROOF PLAN
20’ BUFFER ZONE

LINE OF SETBACK
FUTURE SOLAR PANEL LOCATION (TYP.) SKYLIGHT (TYP.) AC CONDENSER UNIT (TYP.) 4:12 ROOF (TYP.) ROOF
BELOW
ROOF
BELOW
ROOF
BELOW
ROOF
BELOW
2D
2D
2D
2D 2D 2D
2D
2D
2A 2A 1A
2D 1B 1B 2B 1B 1B 2E 2D 1B 1B 2B 2B 1B
1D
1C 1C 1C 1C
1C 2C 1C 2C 1C 1C
TRASH UTIL. UTIL. UTIL. UTIL. TRASH
2D
NOTE: ALL TOWNHOME UNITS WILL BE WIRED FOR ROOFTOP SOLAR AND EV CHARGING STATIONS 1 1 BALCONY (TYP.)
UP
DN
UP
DN
UP
DN
UP
DN
R
W
C
R
W
C
45’ HEIGHT

SETBACK
30’ HEIGHT SETBACK
25’ FRONT

SETBACK
B8 A1 A1 A1 A1 A2 A4 A4 B7 A4 A4 B3 B5 B5 B3B6 B1 B4 A1 A1 A3 A4 B6
B3 B5 B5 B9 B7 B2 B10 A4 A4 B7 A1 A1 B1
171
Agenda Item # 6.

LEVEL 5 PLAN
3B 2D
2D
2D
2D 2D 2D
2A 2A 1A
2D 1B 1B 2B 3A 2E 2D 1B 1B 2B 2B 1B
ROOF
20’ BUFFER ZONE

LINE OF SETBACK
1C 1C 1C 1C
1C 1C
2C
1C 2C 1C
UTIL. UTIL. TRASH UTIL. UTIL. TRASH
2D
BALCONY (TYP.)
UP
DN
UP
DN
UP
DN
UP
DN
R
W
C
R
W
C
3A01
Unit GSF: 1990 s.f.

Unit NSF: 1895 s.f.

Balcony: 112 s.f. (122)
45’ HEIGHT

SETBACK
30’ HEIGHT SETBACK
25’ FRONT

SETBACK
B8 A1 A1 A1 A1 A4 A4 B7 C2 B3 C1 B5 B6 B1 B4 A1 A1 A3 A4 B6
B3 B5 B5 B9 B7 B2 B10 A4 A4 B7 A1 A1 B1
172
Agenda Item # 6.

SUBTERRANEAN LEVEL GARAGE PLAN
22'
30'
26'
72'-6" 26'
38' 265' 42'-8"
10' MIN. 172'
265'
229'
6' 22'-3"
4' 36' 26' 36' 26' 36' 26' 36' 5' 18' 54'-6" 26' 36'-6" 26' 36' 4' 107'-71
2"
290'-01
2"
9'
18'
8'-6"
8'-6"
18'
4'
8' 9'
UP
0'
2'
2'
9'-6"
4'
4' 6'-8" 4'
UP
2'
9'-6"
45’ HEIGHT

SETBACK
30’ HEIGHT SETBACK

SETBACK LINE

FIRE PUMP
ROOM
(245 SF)

FAN ROOM
(300 SF)
FIRE
PUMP
ROOM
(180 SF)

BIKE STORAGE

RAMP UP

RAMP DOWN
20% 10%

2.8% 2.8% 5.6%
TYP.

MECHANICAL
ROOM
(500 SF)
ELEC. (420 SF) ELEC. (410 SF) BIKE STORAGE

MECHANICAL
ROOM
(480 SF)

FAN ROOM
(440 SF)

TANDEM TANDEM
TANDEM
TANDEM
TANDEM
TANDEM
VAN/
EVC

EVC EVC EVC EVC EVC
EVC
EVC
EVC
EVC

EVR EVR EVR EVC EVR EVCEVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVR

EVR EVR EVR EVR EVREVREVR EVR EVR EVR EVR EVR

TANDEM TANDEM
TANDEM
POOL
ABOVE
TANDEM
TANDEM

TANDEM TANDEM
TANDEM
TANDEM
- EL: -11’-4”
EL: -13’-10”

TANDEM TANDEM
TANDEM
TANDEM
TANDEM

TANDEM TANDEM
TANDEM
TANDEM
25’ FRONT

SETBACK

EVC (ELECTRIC VEHICLE CHARGING)
STALL, TYPICAL OF 28

EVR (ELECTRIC VEHICLE

READY) STALL, TYPICAL OF
+/- +/-
+/-

STORAGE
(8’6”W X 2’6”D X 8’H)
1 1
1 1

EVC EVC EVC

TANDEM EVR TANDEM EVR

TANDEM EVR

TANDEM EVR TANDEM EVR

TANDEM EVR

TANDEM EVR
G
G
G
BOUNDARY OF GUEST PARKING =
43 STALLS AT BASEMENT LEVEL.
“G” DENOTES LOCATION OF SECURED GATES FOR GUESTS

RESIDENT PARKING GUEST PARKING RESIDENT PARKING
GUEST PARKING REQUIREMENT #
GUEST PARKING REQUIRED N/A 0
GUEST PARKING PROVIDED:

CONDO GUEST PARKING

SURFACE GUEST PARKING
43 6

TOWNHOMES ABOVE TOWNHOMES ABOVE

ELECTRIC VEHICLE READY STALL

ELECTRIC VEHICLE CHARGING STALL
EVR
EVC

SECURITY GATE

VAN VAN

TYPICAL PARKING SPACE DIMENSIONS
REGULAR EV PARKING ADA PARKING ADA VAN PARKING SPACE 18' 8'-6" 9'
18'
9' 8'
6'
1'-8"
9'
18'
5'
EV
18'
9'

PARKING SUMMARY
(PER LOS ALTOS MUNICIPAL CODE 14.28.040 §G2(B))
PARKING TYPE REQUIREMENT #
PARKING REQUIRED .5 PER BED 171
A. CONDO PARKING PROVIDED
ADA STALLS = 8 STALLS, INCL. 4 VAN ADA STALLS
EVR/EVC STALLS: 65 (28 EVC + 37 EVR; AND 4 EV/ADA STALLS) TANDEM STALLS: 44. REFER TO NOTE 1.
232
B. TOWNHOMES PARKING PROVIDED
EVR STALLS: 48
48 C. SURFACE PARKING PROVIDED 6

PARKING PROVIDED TOTAL
EVR/EVC STALLS: 115 (30 EVC + 85 EVR)
286

BIKE PARKING SUMMARY
BIKE PARKING TYPE REQUIREMENT #

REQUIRED (CLASS I )

REQUIRED (CLASS II )
REQUIRED TOTAL (CLASS I + CLASS II)
1 PER 3 UNITS
1 PER 15 UNITS
66 14
80 PROVIDED (CLASS I)

PROVIDED (CLASS II)
84 68
BIKE PARKING PROVIDED TOTAL (CLASS I + CLASS II) 152
G
LEGEND
SURFACE GUEST PARKING 6
GUEST PARKING PROVIDED TOTAL 49

EGRESS PATH
0' 1
SUBTERRANEAN GARAGE PLAN 11
111

TANDEM CONFIGURATION WILL BE ASSIGNED TO THE SAME UNIT
REQUESTED INCENTIVE: REDUCTION IN PARKING STALL WIDTH DIMENSION TO 8.5 FEET X 18 VERSUS 9 FEET X 18 FEET
REQUESTED WAIVER: REDUCTION OF THE SUBTERRANEAN PARKING STRUCTURE DRIVE WIDTH FROM 26 FEET TO 24 FEET
2 1131
NOTE: THE GARAGE GROSS FLOOR AREA IS 83,640SF.

BIKE RACK, 6 BIKES PER
UNIT, TYP OF 14. DETALS

AND SPECIFICATION ON
SHEET AP0.28. 1121
1141 1141 1141 1141 1141 1141 4' 4' 4' 4' 4' 4' 4'
1121 1121
173
Agenda Item # 6.

PARKING TYPE

PARKING REQUIRED
A. PARKING PROVIDED - CONDO PARKING
ADA STALLS = 8 STALLS, INCL. 4 VAN ADA STALLS
EVR/EVC STALLS: 65 (28 EVC +37 EVR; AND 4 EV/ADA STALLS) TANDEM STALLS: 44
B. PARKING PROVIDED - TOWNHOMES PARKING
EVR STALLS: 48
C. PARKING PROVIDED - SURFACE PARKING

PARKING PROVIDED TOTAL
EVR/EVC STALLS: 115 (30 EVC + 85 EVR)

GUEST PARKING

GUEST PARKING REQUIRED
GUEST PARKING PROVIDED:

GUEST PARKING

SURFACE GUEST PARKING

GUEST PARKING PROVIDED TOTAL
* AT A RATIO OF 1 STALL PER 4 DWELLING UNITS
(PER LOS ALTOS MUNICIPAL CODE 14.28.040 §G2(B))

PARKING TYPE

PARKING PROVIDED TOTAL
EVR/EVC STALLS: 115 (30 EVC + 85 EVR)

GUEST PARKING

GUEST PARKING REQUIRED
GUEST PARKING PROVIDED:

GUEST PARKING

SURFACE GUEST PARKING

GUEST PARKING PROVIDED TOTAL
* AT A RATIO OF 1 STALL PER 4 DWELLING UNITS
(PER LOS ALTOS MUNICIPAL CODE 14.28.040 §G2(B))

PARKING TYPE

PARKING PROVIDED TOTAL
EVR/EVC STALLS: 115 (30 EVC + 85 EVR)

GUEST PARKING

GUEST PARKING REQUIRED
GUEST PARKING PROVIDED:

GUEST PARKING

SURFACE GUEST PARKING

GUEST PARKING PROVIDED TOTAL
* AT A RATIO OF 1 STALL PER 4 DWELLING UNITS

A STALLS A STALLS
REQUIREMENT #
.5 PER BED 171
232
48 6
286

REQUIREMENT 152#
N/A 0
43 6
49*
REQUIREMENT #
.5 PER BED 171
232
48 6
286

REQUIREMENT 152#
N/A 0
43 6
49*
Prometheus envisions a community-enhancing development project. This project will do its part to help solve Los Altos’s (and the overall region’s) need for market-rate housing while respecting the fabric of the existing neighborhood.

The design takes into account special consideration for the single-family property owners to the south of the property and to the project's overall interaction with El Camino Real. The goal is to create a great place to live while promoting sustainability, walkability and the use of mass transit.

The site is located at 5150 El Camino Real, on the south side of the street at the terminus of Rengstorff Avenue. To the west of the property is a high-density residential development. To the east of the property is the Mountain View, KinderCare and Taekwon Kids facility. To the south are six existing single family homes. The property is located mid-block. Overall, the property is located in a desirable urban area of Silicon Valley. The neighborhood has great transportation linkages to the South Bay and Peninsula as well as the greater Bay Area and is convenient to major employment areas. Residential support services such as schools, recreational areas and shopping are considered above average.

Apartment Buildings A & B
Apartment Buildings A & B front El Camino Real at the gateway into Los Altos from Rengstorff Ave. Apartment Buildings A & B are five-story buildings, housing 85 and 87 units above one level of underground parking. The buildings consist of mostly one and two bedroom units, with a select number of three bedroom units. The average area of the units is 886 square feet for one-bedroom units, 1,355 square feet for two-bedroom units and 1,977 square feet for three bedroom penthouses. Two main entry lobbies with elevators for residents front El Camino Real. There is ample bicycle parking within the parking garage as well as throughout the property. The building design features a contemporary design with strong vertical massing, contrasting rich body colors and materials, and high quality architectural detailing.

Townhomes
The townhome component of the project meets the required front, rear and side setbacks and heights described in the zoning designation. These buildings do not exceed 30 feet in height and are located no closer than 40 feet from the rear property line. The townhomes will be built at grade and will each have a two car parking garage. The average square footage for the townhomes is 2,595 square feet. PROJECT NARRATIVE

EL CAMINO REAL

CALIFORNIA ST
SITE

CENTRAL EXPY

N SAN ANTONIO RD

EL MONTE AVE

RENGSTORFF AVE
Vicinity Map

EL CAMINO REAL

CALIFORNIA ST
SITE

CENTRAL EXPY

N SAN ANTONIO RD

EL MONTE AVE

RENGSTORFF AVE
Vicinity Map

EL CAMINO REAL

CALIFORNIA ST
SITE

CENTRAL EXPY

N SAN ANTONIO RD

EL MONTE AVE

RENGSTORFF AVE
Vicinity Map

EL CAMINO REAL

CALIFORNIA ST
SITE

CENTRAL EXPY

N SAN ANTONIO RD

EL MONTE AVE

RENGSTORFF AVE
Vicinity Map PROJECT TEAM TABLE OF CONTENTS PROJECT DATA

PROJECT SUMMARY

BASE UNIT COUNT

INCLUDING STATE DENSITY BONUS

DENSITY
AP0.00
AP0.01
AP0.02
AP0.03
AP0.04
AP0.05
AP0.06
AP0.07
AP0.08
AP0.09
AP0.10
AP0.11
AP0.12
AP0.13
AP0.14
AP0.15
AP0.16
AP0.17
AP0.18
AP0.19
AP0.20
AP0.21
AP0.22
AP0.23
AP0.24
AP0.25
AP0.26
AP0.27
AP0.28
C0.0
C1.0
C2.0
C3.0
C4.0
C5.0
C6.0
C6.1
L-1.0
L-2.0
L-3.0
L-4.0
L-5.0
L-6.0

PROJECT INFORMATION

CITY CONTEXT

EXISTING SITE PHOTOS

SITE CONTEXT

CONSTRUCTION MANAGEMENT PLAN

FIRE ACCESS DIAGRAM

SUBTERRANEAN LEVEL GARAGE PLAN

STREET LEVEL PLAN

SECTION PERSPECTIVE

SECTION PERSPECTIVE
LEVEL 2 PLAN
LEVEL 3 PLAN
LEVEL 4 PLAN / TOWNHOME ROOF PLAN
LEVEL 5 PLAN

APARTMENT ROOF PLAN

STREETSCAPE ELEVATIONS

BUILDING A - NORTH ELEVATION

BUILDING B - NORTH ELEVATION

TOWNHOME SOUTH ELEVATION

TOWNHOME NORTH ELEVATION

WEST ELEVATION

EAST ELEVATION

ILLUSTRATIVE BUILDING SECTION

BUILDING SECTIONS A-A, B-B, & C-C

BUILDING SECTIONS D-D & E-E

COLORS AND MATERIALS

SHADOW STUDY

OPEN SPACE CALCULATION

BIKE PARKING - DERO DECKER OR SIMILAR

VESTING TENTATIVE MAP COVER SHEET

EXISTING CONDITIONS

CIVIL SITE PLAN

PRELIMINARY GRADING AND DRAINAGE PLAN

PRELIMINARY UTILITY PLAN

PRELIMINARY STORMWATER MGMT PLAN

BASEMENT VEHICULAR TRUCK TURNING

SCHEMATIC LANDSCAPE PLAN
PLANT PALETTE and IMAGES

IRRIGATION ZONING DIAGRAM

TREE DISPOSITION PLAN

ARBORIST REPORT

SCHEMATIC LANDSCAPE ENLARGEMENTS
Architect:

BDE Architecture
950 Howard Street
San Francisco, CA 94103
Contact: Brenna Weaver
[email protected]
Client:

Prometheus Real Estate
Group, Inc.
1900 South Norfolk Street
San Mateo, CA 94403
Contact: Michael Ducote
[email protected]
Address: 5150 El Camino Real, Los Altos, CA 94022
Site Area: 3.8 Acres (Lot 1 - 2.4 Acres, Lot 2 - 1.4 Acres) Lot Coverage: 41.12% (Lot 1 - 45.47%, Lot 2 - 33.60%)
Building Floor Area: 67,994 SF (Lot 1 - 47,610 SF, Lot 2 - 20,384 SF) General Plan Designation: Thoroughfare Commercial (38 du/ac) Zoning Designation: CT Commercial Thoroughfare District Current Use: Los Altos Plaza – Approximately 77,000 square feet of office Entitlements Requested: Vesting Tentative Tract Map, State Density Bonus Requested Incentives: -Height of apartments building A and B increase by 11 feet -Reduction in parking stall width dimension to 8.5 feet x 18 versus 9 feet x 18 feet Requested Waivers: -Reduction of the 75-foot site frontage requirement for Lot 2 Proposed Program: (24) Townhomes and (172) Apartments – Total (196) units (52 du/ac) Affordable Housing: (29) Below Market Rate Units: (13) Low Rate Income Units and (16) Very Low Rate Income Units
Construction Type: Four separate buildings: Two buildings of 3-story townhomes, at grade, Type V wood-framed construction. Two buildings of 5-story, Type III wood-framed apartments over one level of underground parking, Type I concrete.

Proposed Height: Max. 30-ft height for townhomes
Max. 56-ft height for apartment buildings (45 feet allowed + 11 feet increase = 56 feet) PODIUM APARTMENTS UNIT TYPE QUANTITY AVERAGE SQUARE FEET A1 38 777 A2 4 877 A3 5 874 B1 10 1,135 B2 4 1,299 B3 14 1,347 A4 33 1,015 TOTAL 1-BEDROOM UNITS 80 886 B4 5 1,292 B5 19 1,350 B6 10 1,520 B7 14 1,486 B8 5 1,322 TOTAL 2-BEDROOM UNITS 90 1,355 TOTAL 172 1,144 C1 1 1,923 TOTAL 3-BEDROOM PENTHOUSE UNITS 2 1,977 TOWNHOMES UNIT TYPE QUANTITY AVERAGE SQUARE FEET B8 (2BR) 4 2,122 C3 (3BR) 4 2,358 C4 (3BR) 12 2,639 TOTAL 24 2,595 D1 (4BR) 4 3,172 BIKE PARKING SUMMARY BIKE PARKING TYPE REQUIREMENT # REQUIRED (CLASS I) 1 PER 3 UNITS 66 REQUIRED (CLASS II) 1 PER 15 UNITS 14 REQUIRED TOTAL (CLASS I + CLASS II) 80 PROVIDED (CLASS I) 84 PROVIDED (CLASS II) 68 BIKE PARKING PROVIDED TOTAL (CLASS I + CLASS II) 152 Civil Engineer:

CBG
2633 Camino Ramon, Suite
350
San Ramon, CA 94583
Contact: Lee Rosenblatt
[email protected] 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA PROJECT INFORMATION AP0.00 B9 5 1,474 B10 4 1,403 C2 1 2,030 145 UNITS
196 UNITS 52 DU/AC
The Guzzardo Partnership Inc. The Guzzardo Partnership Inc.

Landscape Architect:

The Guzzardo Partnership Inc.
181 Greenwich Street
San Francisco, CA 94111
Contact: Kurt Culver
[email protected]

APART APART
PARKING SUMMARY MAY 20, 2022 (29)
174
Agenda Item # 6.

CITY CONTEXT

0.5 MILE
2 1
1 P
7 6
9 1
8 5 4
11 10
3 P
P
P
P
P

EL CAMINO REAL

CASITA WAY

RENGSTORFF AVE

SHORELINE BLVD

SAN ANTONIO RD

ALMA ST

CALIFORNIA ST

0.5 MILE
P
1 1 5 9
2 6 10
3 7 11
4 8

MOUNTAIN VIEW KINDERCARE

MARIANO CASTRO ELEMENTARY SCHOOL

LOS ALTOS HIGH SCHOOL

BULLIS CHARTER SCHOOL

EGAN JUNIOR HIGH SCHOOL

MOUNTAIN VIEW ACADEMY

KHAN LAB SCHOOL

ST JOSEPH CATHOLIC SCHOOL

STEVENSON ELEMENTARY SCHOOL

SANTA RITA ELEMENTARY SCHOOL

ELLEN FLETCHER MIDDLE SCHOOL

FUTURE GOOGLE CAMPUS

SAN ANTONIO SHOPPING CENTER

PARK / PLAZA

PROJECT SITE

LOS ALTOS CITY BOUNDARY
1 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA CITY CONTEXT AP0.01 MAY 20, 2022 175
Agenda Item # 6.

7. FENCE AND PARKING IN REAR 6. FENCE AT REAR PROPERTY LINE

3. TREES/ SIDEWALK ALONG EL CAMINO REAL

5. PARKING LOT OF SOUTH-EAST CORNER

4. ON-GRADE PARKING AT EAST

2. VIEW OF EXISTING BUILDINGS AT RENGSTORFF AVE. TERMINUS

PHOTO KEY MAP

1. 5100 ECR - LANDSCAPE/SIDEWALK ALONG EL CAMINO REAL

8. WEST PROPERTY LINE AND 5100 ECR BEYOND
El Camino Real
1 6 7
3 4
2 8
5 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA EXISTING SITE PHOTOS AP0.02 MAY 20, 2022 176
Agenda Item # 6.

DISTEL DR
0™ 60™ 120™ 240™

EL CAMINO REAL

MARICH WAY

DISTEL DR

SOLANA CT

CASITA WAY RENGSTORFF AVE

CONDOMINIUM

BUILDING II

CONDOMINIUM

BUILDING I

TOWNHOMES TOWNHOMES

COCOCOCOCO COCOCOCO

BBBBBBBB BBB
M
C
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA SITE CONTEXT AP0.03 APARTMENT

BUILDING A

APARTMENT
BUILDING B TOWNHOMES TOWNHOMES MAY 20, 2022
177
Agenda Item # 6.

TOWNHOMES TOWNHOMES
NOTE: STAGING OFF-SITE

EL CAMINO REAL RENGSTORFF AVE
PHASE 3 CONDOMINIUM I

DISTEL DR

CONDOMINIUM I
PROTECTIVE FENCE (8’ HEIGHT & K-RAIL)

PROPERTY LINE

TRUCK ROUTE

GATED ENTRY / PEDESTRIAN ENTRY /

ROCK ENTRANCE PAD

PEDESTRIAN PATH

TRAFFIC CONTROL

EMERGENCY CONTACT SIGN
LEGEND

BUILDING B BUILDING AA BUILDING BB
MAY 20, 2022
178
Agenda Item # 6.

DN UP DN UP UP DN
26'
10'
26'
13' 13'
26'
10'
21'
8'
10'
18'
9'
± 45' 210'-8" ± 42'-8
± 29'-8" 132' ± 54'-11" 28'-6" 45'
54'-3" 222'-2"
10' 10'
UP DN
4' 10'
W
R
C
W
R
C
LIVING
19'-6" x 13'-0"
BATH

KITCHEN
L.F. 7'-0"
DINING
R27 ‚ INSIDE
R53 ‚ OUTSIDE
26™ EVA
R53 ‚ OUTSIDE
R27 ‚ INSIDE
CONDOMINIUM BUILDING II (TYPE III / 5-STORY)

ON PODIUM
CONDOMINIUM BUILDING I (TYPE III / 5-STORY)

ON PODIUM
TOWNHOMES (TYPE V / 3-STORY) TOWNHOMES (TYPE V / 3-STORY) 26™ EVA 26™ EVA
150™ 150™
100™ 80™100™
80™
80™
100™ 100™
50™
70™
50™
26™ EVA 15™ 17™
17™ 20™ 17™
T
T T
T
LEGEND

ROOF ACCESS

FIRE TRUCK ROUTE

FIRE LADDER PADS

FIRE FIGHTER TRAVEL PATH

TRUCK STAGING
(15™ TO 30™ DISTANCE

FROM BUILDING FACE)

PROPOSED FIRE HYDRANT

EXISTING FIRE HYDRANT
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA FIRE ACCESS DIAGRAM AP0.05 APARTMENT BUILDING A (TYPE III / 5-STORY)

ON PODIUM
APARTMENT BUILDING B (TYPE III / 5-STORY)
ON PODIUM TOWNHOMES (TYPE V / 3-STORY) TOWNHOMES (TYPE V / 3-STORY) MAY 20, 2022 179
Agenda Item # 6.

All drawings and written material appearing herein constitute original, and unpublished work of the architect and may not be duplicated, used or disclosed without the written consent of the architect. 0' 40' 80' TRUE SUBTERRANEAN LEVEL GARAGE PLAN 38' 265' 42'-8" 10' MIN. 172' 265'
229'
107'-71
2"
290'-01
2"
0'
45’ HEIGHT

SETBACK
30’

SETBACK LINE
25’ FRONT

SETBACK

EVC (ELECTRIC VEHICLE CHARGING)
STALL, TYPICAL OF 28

EVR (ELECTRIC VEHICLE

READY) STALL, TYPICAL OF
+/- +/-
+/-

STORAGE
(8’6”W X 2’6”D X 8’H)
1 1
1 1
BOUNDARY OF GUEST PARKING =
43 STALLS AT BASEMENT LEVEL.
“G” DENOTES LOCATION OF SECURED GATES FOR GUESTS

TOWNHOMES ABOVE
0' 1
111
11 BIKE RACK, 6 BIKES PER
UNIT, TYP OF 14. DETALS

AND SPECIFICATION ON
SHEET AP0.28. 1121
11 11 11 11 11 11
1121 1121

HEIGHT SETBACK
GUEST PARKING REQUIREMENT #
GUEST PARKING REQUIRED N/A 0
GUEST PARKING PROVIDED:

CONDO GUEST PARKING

SURFACE GUEST PARKING
43 6

VAN VAN

TYPICAL PARKING SPACE DIMENSIONS
REGULAR EV PARKING ADA PARKING ADA VAN PARKING SPACE 18' 8'-6" 9'
18'
9' 8'
6'
1'-8"
9'
18'
5'
EV
18'
9'

PARKING PROVIDED TOTAL
EVR/EVC STALLS: 115 (30 EVC + 85 EVR)
286

BIKE PARKING SUMMARY
BIKE PARKING TYPE REQUIREMENT #

REQUIRED (CLASS I )

REQUIRED (CLASS II )
REQUIRED TOTAL (CLASS I + CLASS II)
1 PER 3 UNITS
1 PER 15 UNITS
66 14
80 PROVIDED (CLASS I)

PROVIDED (CLASS II)
84 68
BIKE PARKING PROVIDED TOTAL (CLASS I + CLASS II) 152
SURFACE GUEST PARKING 6
GUEST PARKING PROVIDED TOTAL 49
11 1

TANDEM CONFIGURATION WILL BE ASSIGNED TO THE SAME UNIT
REQUESTED INCENTIVE: REDUCTION IN PARKING STALL WIDTH DIMENSION TO 8.5 FEET X 18 VERSUS 9 FEET X 18 FEET
2 ELECTRIC VEHICLE READY STALL

ELECTRIC VEHICLE CHARGING STALL
EVR
EVC

G SECURITY GATE
LEGEND

EGRESS PATH
NOTE: THE GARAGE GROSS FLOOR AREA IS 83,640SF.
22'
30'
26'
72'-6" 26'
6' 22'-3"
4' 36' 26' 36' 26' 36' 26' 36' 9' 5' 18' 54'-6" 26' 36'-6" 26' 36' 4' 18'
8'-6"
8'-6"
18'
4'
8' 9'
UP
2'
2'
9'-6"
4'
4' 6'-8" 4'
UP
2'
9'-6"

FIRE PUMP
ROOM
(245 SF)

FAN ROOM
(300 SF)
FIRE
PUMP
ROOM
(180 SF)

BIKE STORAGE

RAMP UP

RAMP DOWN
20% 10%

2.8% 2.8% 5.6%
TYP.

MECHANICAL
ROOM
(500 SF)
ELEC. (420 SF) ELEC. (410 SF) BIKE STORAGE

MECHANICAL
ROOM
(480 SF)

FAN ROOM
(440 SF)

TANDEM TANDEM
TANDEM
TANDEM
TANDEM
TANDEM
VAN/
EVC

EVC EVC EVC EVC EVC
EVC
EVC
EVC
EVC

EVR EVR EVR EVC EVR EVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVR

EVR EVR EVR EVR EVR EVR EVR EVR EVR EVR EVR EVR

TANDEM TANDEM
TANDEM
POOL
ABOVE
TANDEM
TANDEM

TANDEM TANDEM
TANDEM
TANDEM
- EL: -11’-4”
EL: -13’-10”

TANDEM TANDEM
TANDEM
TANDEM
TANDEM

TANDEM TANDEM
TANDEM
TANDEM

EVC EVC EVC

TANDEM EVR TANDEM EVR

TANDEM EVR

TANDEM EVR TANDEM EVR

TANDEM EVR

TANDEM EVR
G
G

G RESIDENT PARKING GUEST PARKING RESIDENT PARKING
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA SUBTERRANEAN GARAGE PLAN AP0.06

TANDEM CONFIGURATION WILL BE ASSIGNED TO THE SAME UNIT
REQUESTED INCENTIVE: REDUCTION IN PARKING STALL WIDTH DIMENSION TO 8.5 FEET X 18 VERSUS 9 FEET X 18 FEET 1121
1111
19'-6"
19'-0"
18'-6"
17'-8"
A A
B
B
C
C
E
E
D
D

TOWNHOMES ABOVE
APART APART MAY 20, 2022
180
Agenda Item # 6.

DN UP DN UP UP DN
UP DN
W
R
C
W
R
C
LIVING
19'-6" x 13'-0"
BATH

KITCHEN
L.F. 7'-0"
DINING

LOBBY / MAIL LOBBY / MAIL

RESTROOM

CLUB HOUSE CLUB HOUSE
SHOWER

TH A-END TH B TH D-TAN TH C TH B TH B TH C TH D-TAN TH B TH B TH B TH A-END TH A-END TH B TH D-TAN TH C TH B TH B TH C TH D-TAN TH B TH B TH B TH A-END EL: 0‘ EL: 0‘
EL: +8” EL: +8”
2D 2D
2D
2D 2D
2D
2D 2D
2A 1A
2D 1B 1B 2B 1B 1B 1B 1B 2B 2B 1B
1D
1C 1C 1C
1C 2C
2C
1C 1C
UTIL. UTIL. UTIL. TRASH
TRASH
2D
COURTYARD OPEN SPACE COURTYARD B 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA STREET LEVEL PLAN AP0.07 0' 40' 80' TRUE
26'
± 45' 210'-8" 54'-3" 222'-2" ± 42'-8
EVA

EL CAMINO REAL EVA
ONLY
± 29'-8" 132' ± 54'-11" 28'-6" 45'
25'-11
2" 7'-7"
29'-8"

1. “RIDESHARE DROP-OFF & PICK-UP AREA”

SIGNAGE

2. “NO DROP OFF OR PICK-UP AT ANY TIME”
#
EVA
ONLY

PARKING
TYP.

ELEC.

TRANSF.

ELEC.

TRANSF.

ELEC.

TRANSF.

TRASHSTAGING
LOADING(45'X10'MIN)
21'
8'-6" 21'
8'-6" 8'-6" 21'
8'-6" 21'
8'-6" 21'
EL: +8" EL: 6" EL: +8" TRASH STAGING LOADING ZONE (45'X10'MIN)/RIDE SHARE DROP-OFF/PICK-UP 10'
##2 #2#

LINE OF GARAGE BELOW LINE OF GARAGE BELOW A A
B
B
C
C
E
E
D
D

SHORT TERM

BICYCLE PARKING
ELEC.

TRANSF.

ADA

PARKING
TYP.

LINE OF SETBACK
30’ HEIGHT SETBACK
ZONE 20’ BUFFER
45’ HEIGHT

SETBACK
30’ HEIGHT SETBACK
25’ FRONT

SETBACK
25’ FRONT SETBACK
(SEE DENSITY BONUS REPORT FOR

TOWNHOMES FRONTAGE WAIVER)
40'

SIDE SETBACK
7'-6"
SIDE

SETBACK
7'-6"
SIDE

SETBACK
25'-0"

FRONT SETBACK
40'-0"

REAR SETBACK
25'-0"

FRONT SETBACK
MAY 20, 2022
181
Agenda Item # 6.

EL CAMINO REAL FRONTAGE 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA SECTION PERSPECTIVE AP0.08

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
EL CAMINO REAL FRONTAGE UNIT PATIO LANDSCAPING SIDEWALK WITH TREE GRATES LANDSCAPE BUFFER EL CAMINO REAL 5 5 6
125
8 11 MAY 20, 2022
182
Agenda Item # 6.

TOWNHOME TOWNHOME LANDSCAPE WALK C3 PLANTER
PATIO

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
7 15
5 12
6 11
PASEO 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA SECTION PERSPECTIVE AP0.09 MAY 20, 2022 183
Agenda Item # 6.

SETBACK LINE OF SETBACK
BALCONY (TYP.)
BALCONY (TYP.)
2D
2D 2D 2D
2D
2D 2D 2D
2A 2A 1A
2D 1B 1B 2B 1B 1B 2E 2D 1B 1B 2B 2B 1B
1D
1C 1C 1C 1C
1C 2C 1C 1C 2C 1C
TRASH UTIL. UTIL. UTIL. UTIL. TRASH
2D

SETBACK
25’ FRONT SETBACK
MAY 20, 2022
184
Agenda Item # 6.

LINE OF SETBACK
2D 2D 2D 2D
2D 2D 2D 2D
2A 2A 1A
2D 1B 1B 2B 1B 1B 2E 2D 1B 1B 2B 2B 1B 2D
1D
1C 1C 1C 1C
1C 2C 1C 1C 2C 1C
TRASH UTIL. UTIL. UTIL. UTIL. TRASH

TH A-END TH B TH D-TAN TH C TH B TH B TH C TH D-TAN TH B TH B TH B TH A-END TH A-END TH B TH D-TAN TH C TH B TH B TH C TH D-TAN TH B TH B TH B TH A-END BALCONY (TYP.)
UP
DN
UP
DN
UP
DN
UP
DN
R
W
C
R
W
C
25’ FRONT

SETBACK
25’ FRONT SETBACK
MAY 20, 2022
185
Agenda Item # 6.

SETBACK
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA
LEVEL 4 / TOWNHOME ROOF PLAN
AP0.12
0' 40' 80' TRUE
A A
B
B
C
C
B8 A1 A1 A1 A1 A2 A4 A4 B7 A4 A4 B3 B5 B5 B3B6 B1 B4 A1 A1 A3 A4 B6
B3 B5 B5 B9 B7 B2 B10 A4 A4 B7 A1 A1 B1
30’ HEIGHT SETBACK
ZONE 20’ BUFFER
45’ HEIGHT

SETBACK
25’ FRONT SETBACK
MAY 20, 2022
186
Agenda Item # 6.

LINE OF SETBACK
1C 1C 1C 1C
1C 1C
2C
1C 2C 1C
UTIL. UTIL. TRASH UTIL. UTIL. TRASH
2D
BALCONY (TYP.)
UP
DN
UP
DN
UP
DN
UP
DN
R
W
C
R
W
C
3A01
Unit GSF: 1990 s.f.

Unit NSF: 1895 s.f.

Balcony: 112 s.f. (122)
25’ FRONT

SETBACK
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA LEVEL 5 PLAN AP0.13 0' 40' 80' TRUE
A A
B
B
C
C
B8 A1 A1 A1 A1 A4 A4 B7 C2 B3 C1 B5 B6 B1 B4 A1 A1 A3 A4 B6
B3 B5 B5 B9 B7 B2 B10 A4 A4 B7 A1 A1 B1
30’ HEIGHT SETBACK
ZONE 20’ BUFFER
45’ HEIGHT

SETBACK
25’ FRONT SETBACK
MAY 20, 2022
187
Agenda Item # 6.

MECH.

ELEV.

MECH.

ELEV.

MECH.

ELEV.

MECH.

STAIR BELOW STAIR BELOW

SOLAR PANELS SOLAR PANELS

LINE OF ROOF
ABOVE

LINE OF SETBACK

BOILER PAD BOILER PAD

ROOF BELOW
2 HOUR FIRE WALL, TYP.

TERMINATE AT INTERIOR SURFACE OF EXTERIOR
SHEATING PROVIDED. NO EXTERIOR PENETRATIONS
FOR 4’ ON EITHER SIDE 25’ FRONT

SETBACK

MANSARD ROOF
2 HOUR FIRE WALL, TYP.

TERMINATE AT INTERIOR SURFACE OF EXTERIOR SHEATING PROVIDED. NO EXTERIOR PENETRATIONS FOR 4’ ON

EITHER SIDE
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA

APARTMENT ROOF PLAN
AP0.14
0' 40' 80' TRUE
A A
B
B
C
C
30’ HEIGHT SETBACK
ZONE 20’ BUFFER
45’ HEIGHT

SETBACK
25’ FRONT SETBACK
MAY 20, 2022
188
Agenda Item # 6.

EL CAMINO REAL FRONTAGE - NORTH ELEVATION

EL CAMINO REAL

KEY PLAN
2 | MID-BLOCK PLAZA
1 2
3 | AERIAL VIEW OF MID-BLOCK PLAZA
3 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA STREETSCAPE ELEVATIONS AP0.15

EL CAMINO REAL STREETSCAPE ELEVATION

CONDOMINIUM BUILDING I
EVA

DRIVEWAY/WALK
2065 W-ECR
(1-STORY COMMERCIAL BUILDING) 5100 ECR
(3-STORY MULTI-FAMILY)
EVA

DRIVEWAY/ WALK

MID-BLOCK PLAZA

GARAGE ENTRY CONDOMINIUM BUILDING II
P.L.P.L.

SIDE

SETBACK
7’-6” 35’-2”
222’-2” 54’-3” 210’-8”
37’-6” 7’-6”
SIDE

SETBACK
BUILDING B BUILDING A MAY 20, 2022
189
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
2 3 1

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA BUILDING A - NORTH ELEVATION AP0.16 P.L. 2 5 6 1 8 4 9
13 14 11 12 9
SIDE

SETBACK
7’-6” 35’-2”
42’-8” 54’-3”
L2
T.O.SHTG
L1
T.O.CONC
L3
T.O.SHTG
L4
T.O.SHTG
L5
T.O.SHTG
T.O.SHTG
1 | CONDO I NORTH(EL CAMINO REAL) ELE NORTH(EL CAMINO REAL) ELEVATION MAY 20, 2022 190
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN
5 7 9 12 11 13
10 8 1 6
2 | VIEW FROM ECR (EL CAMINO REAL)
1 |
3 | VIEW FROM ECR (EL CAMINO REAL)
3 1
2 1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
P.L.
3 MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
SIDE

SETBACK
7’-6”
45’-0”
37’-6”
54’-3”
L2
T.O.SHTG
L1
T.O.CONC
L3
T.O.SHTG
L4
T.O.SHTG
L5
T.O.SHTG
T.O.SHTG
BUILDING A - NORTH - EL CAMINO REAL 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA BUILDING B - NORTH ELEVATION AP0.17 NORTH (EL CAMINO REAL) ELEVATION MAY 20, 2022 191
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN
15 3

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
2 1
2 | TOWNHOME SOUTH FACADE
1 | TOWNHOME SOUTH ELEVATION
3 | AERIAL VIEW OF TOWNHOME
P.L.
3 SIDE

SETBACK
7’-6” 47’-1”
54’-7” COURTYARD BEYOND 22’-6”

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
5 7 6 8
L2
T.O.SHTG
L1
T.O.CONC
L3
T.O.SHTG
T.O.SHTG
15 not show
courtyards
as much?? TOWNHOME ELEVATION - SOUTH 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA TOWNHOME SOUTH ELEVATION AP0.18 CK
”
54’-7”
25’-0”

FRONT SETBACK
29'-7" MAY 20, 2022
192
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN
6 12 15 16 8 5 7

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
2 3
11 L2
T.O.SHTG
L1
T.O.CONC
L3
T.O.SHTG
T.O.SHTG
2 | TOWNHOME NORTH FACADE 3 | AERIAL VIEW OF PASEO
1 | TOWNHOME NORTH ELEVATION

TOWNHOME NORTH ELEVATION
1 P.L.

SIDE

SETBACK
7’-6” 35’-5”
42’-11” 19’-3”

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
TOWNHOME ELEVATION - NORTH 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA TOWNHOME NORTH ELEVATION AP0.19 L
T
L
T
L
T
T
CK
40’-0”
2'-11" REAR SETBACK MAY 20, 2022
193
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN
5 1 6 5 6 5 8 7 6 5

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
2 3
1 11 11
2 | AERIAL VIEW 3 | WEST FACADE
1 | WEST ELEVATION P.L.

P.L.

FRONT SETBACK 30’ HEIGHT SETBACK
25’-0” 28’-6” 12’-0” 40’-0”

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
15 L2
T.O.SHTG
L1
T.O.CONC
L3
T.O.SHTG
T.O.SHTG
WEST ELEVATION 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA WEST ELEVATION AP0.20 P.L. 20'-0" 8'-0" AND SIDE SETBACK SIDE
SETBACK 7'-6" MAY 20, 2022
194
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
3 2
11 12 11 13
8 5 6 15 5 14 1 6 1 8
2 | VIEW OF PASEO AND POOL 3 | VIEW OF PASEO
1 | EAST ELEVATION

EAST ELEVATION
1 P.L.

P.L.
30’ HEIGHT SETBACK FRONT SETBACK
40’-0” 8’-0” 28’-6” 25’-0”

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
L2
T.O.SHTG
L1
T.O.CONC
L3
T.O.SHTG
L4
T.O.SHTG
L5
T.O.SHTG
T.O.SHTG
1 | EAST ELEVATION 2 | VIEW OF PASEO AND POOL EAST ELEVATION 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA EAST ELEVATION AP0.21 P.L. 8'-0" 20'-0" AND SIDE SETBACK SIDE
SETBACK 7'-6" MAY 20, 2022
195
Agenda Item # 6.

ELEVATOR SHAFT
**PARAPET

EL CAMINO REAL

KEY PLAN
A
A
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA ILLUSTRATIVE BUILDING SECTION AP0.22 PL 8'-0" 20'-0" APARTMENTS SIDE
SETBACK 7'-6"
30' HEIGHT SETBACK AND

SIDE SETBACK
40'
(SEE DENSITY BONUS REPORT FOR

TOWNHOMES FRONTAGE WAIVER)
(SEE DENSITY BONUS REPORT FOR

HEIGHT WAIVER)
(SEE DENSITY BONUS REPORT FOR
HEIGHT WAIVER) MAY 20, 2022
196
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN
SECTION “A-A”
SECTION “B-B”
SECTION “C-C”
MAX ALLOWABLE BLDG.

ENVELOPE: 68’ MAX
MAX ALLOWABLE BLDG.

ENVELOPE: 68’ MAX

CONDENSER UNIT LOCATED ABOVE
CORRIDORS (TYP.)

CONDENSER UNIT

LOCATED ABOVE
CORRIDORS (TYP.)

CONDENSER UNIT LOCATED
ABOVE CORRIDORS (TYP.)

CONDENSER UNIT LOCATED ABOVE
CORRIDORS (TYP.)

FIRE ACCESS TO ROOF VIA STAIR

ENCLOSURE

FIRE ACCESS TO

ROOF VIA STAIR

ENCLOSURE

FIRE ACCESS TO ROOF VIA STAIR

ENCLOSURE
L2
T.O.SHTG
L1
T.O.CONC
LB1
T.O.CONC
(7.5 REQ.) (7.5 REQ.)
(7.5 REQ.) (7.5 REQ.)
(7.5 REQ.) (7.5 REQ.)
L3
T.O.SHTG
L4
T.O.SHTG
L5
T.O.SHTG
T.O.SHTG
T.O.PARAPET
(VARIES)

CORRIDOR CORRIDOR

CORRIDOR

COURTYARD
P.L.P.L.

COURTYARD

COURTYARD
POOL
POOL

RESIDENTIAL PARKING

STAIRCASE ELEVATOR

GUEST & RESIDENTIAL PARKING
A A
C
C
B
B
UNIT

UNIT UNIT UNIT

UNIT UNIT
UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT UNIT UNIT CLUB
HOUSE
P.L.P.L.

P.L.P.L.

UNIT

CORRIDOR
BUILDING SECTIONS A-A, B-B, & C-C 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA BUILDING SECTIONS AP0.23 P.L. P.L.

MAY 20, 2022
197
Agenda Item # 6.

PARKING

PARKING PARKING RAMP DRIVE AISLE PARKING

DRIVE AISLE WITH
MIN. TURN RADIUS
SPEED RAMP ACCS. WALK PARKING DRIVE AISLE PARKING
STOR.

STOR.

SIDEWALK ECR
ECR

KEY PLAN
P.L. P.L.

EL CAMINO REAL D
E
E

COURTYARD
POOL

RESIDENTIAL PARKING

RESIDENTIAL PARKING RESIDENTIAL PARKING

PLAY AREA ENTRY PLAZA

UNIT UNIT

TOWNHOME

UNIT UNIT

UNIT UNIT
L2
T.O.SHTG
L1
EL: 0“ (87’-4”) T.O.CONC
EL: -6“ (86’-10”)
EL: -6“ (86’-10”)
EL: 8“ (88’-0”)
EL: -11’-4“ (76’-0”)
EL: -13’-10“ (73’-6”)
EL: -11’-4“ (76’-0”)
L1
T.O.CONC
T.O.TRELLIS
LB1
T.O.CONC
LB1
T.O.CONC
L3
T.O.SHTG
D
BUILDING SECTIONS D-D & E-E 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA BUILDING SECTIONS AP0.24 P.L. P.L.

MAY 20, 2022
198
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN
STUCCO COLOR #1
(SMOOTH TROWELED)

STEEL CABLE RAILING W/ BOARD BOARD & BATTEN

METAL AWNING

METAL TRELLIS/ CANOPY
EXTERIOR PLASTER #2
(SMOOTH TROWELED)

HORIZONTAL SIDING
VERTICAL SIDING METAL RAILING (TYP.)

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL

COURTYARD BEYOND COURTYARD BEYOND
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA COLORS & MATERIALS AP0.25

COLORS & MATERIALS
MAY 20, 2022
199
Agenda Item # 6.

JUNE 21 AT 3:00 AM
MARCH / SEPTEMBER 21 AT 3:00 PM
DECEMBER 21 AT 3:00 PM
JUNE 21 AT 12:00 PM
MARCH / SEPTEMBER 21 AT 12:00 PM
DECEMBER 21 AT 12:00 PM
JUNE 21 AT 9:00 AM
MARCH / SEPTEMBER 21 AT 9:00 AM
DECEMBER 21 AT 9:00 AM
AM
AM
AM

SUMMER SOLSTICE SPRING / FALL EQUINOX WINTER SOLSTICE
PM
PM
PM
PM
PM PM

EL CAMINO REALEL CAMINO REALEL CAMINO REAL

EL CAMINO REALEL CAMINO REALEL CAMINO REAL
SHADOW STUDY 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA SHADOW STUDY AP0.26 MAY 20, 2022 200
Agenda Item # 6.

All drawings and written material appearing herein constitute original, and unpublished work of the architect and may not be duplicated, used or disclosed without the written consent of the architect. 21'
8'
18'
± 54'-11" 28 196 UNITS REQUIRED PROVIDED
PRIVATE OPEN SPACE 9,800 SF 13,150 SF
NON-PERMEABLE SURFACE 20,176 SF 32%
PERMEABLE SURFACE 42,704 SF 68%
COMMON OPEN SPACE 3,200 SF 62,880 SF 100%
DN
10'
LIVING
19'-6" x 13'-0"

KITCHEN
DINING

FRONT SETBACK LANDSCAPE REQUIREMENT
PER LOS ALTOS MUNICIPAL CODE SECTION 14.50.090

REQUIRED PROVIDED
FRONT SETBACK LANDSCAPE AREA 7,190 SF 7,190 SF
2ND FLOOR PRIVATE OPEN SPACE : 3,350 SF
4TH FLOOR PRIVATE OPEN SPACE : 2,150 SF
3RD FLOOR PRIVATE OPEN SPACE : 2,150 SF
5TH FLOOR PRIVATE OPEN SPACE : 2,000 SF
PRIVATE OPEN SPACE : 3,500 SF
COMMON OPEN SPACE: 62,880 SF GROUND FLOOR
5'-6" 30' 11'-6"

KITCHEN
L.F. 7'-0"
DINING
25'-11
2" 7'-7"
29'-8"
UP
DN
UP
DN
UP
DN
UP
DN
R
W
C
R
W
C
3A01 Unit GSF: 1990 s.f. Unit NSF: 1895 s.f. Balcony: 112 s.f. (122) DN
UP
DN
UP
DN
UP
DN
UP
R
W
C
R
W
C
UP
DN
UP
DN
UP
DN
UP
DN
R
W
C
R
W
C
UP
DN
UP
DN
UP
DN
UP
DN
R
W
C
R
W
C
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA OPEN SPACE CALCULATIONS AP0.27 TOWNHOMES ± 54'-11" 45' 28'-6 DN UP 26'
10' 5'-6" 30' 11'-6"

DN UP UP
10'
BATH
FRONT SETBACK LANDSCAPE PROVIDED L.F. 7'-0"
• The total frontyard setback area is sf
• The total landscape area is sf, which is % of this setback area • Project is in compliance of setback area requirement. 26'
13' 13'
132'
UP DN
W
R
C

FRONT SETBACK LANDSCAPE REQUIRED
• The minimum front yard depth shall be twenty-five (25) feet, with a minimum of fifty (50) percent of which shall be landscaped
25’ FRONT SETBACK LINE

PROPERTY LINE
26'
10'
± 45' 210'-8" ± 42'-8
± 29'-8"
54'-3" 222'-2"
10' 4' 10' 10'
W
25'-11
2" 7'-7"
29'-8"
14,380 SF REQUIRED PROVIDED
FRONT SETBACK LANDSCAPE AREA 7,190 SF 7,190 SF
± 29'-8"
5'-6" 30' 11'-6"

DN UP UP
10'
BATH
FRONT SETBACK LANDSCAPE PROVIDED L.F. 7'-0"
• The total frontyard setback area is 14,380 sf
• The total landscape area is 7,190 sf, which is 50% of this setback area • Project is in compliance of setback area requirement.

APARTMENTS(SEE DENSITY BONUS REPORT FOR

TOWNHOMES FRONTAGE WAIVER)
See Density Bonus Report for townhomes frontage waiver. 2,711 SF
•
1,356 SF 1,505 SF 2,711 1,505 55
9'
45'

OPEN SPACE CALCULATION
PER LOS ALTOS MUNICIPAL CODE SECTION 14.50.150 (CT DISTRICTS)

PRIVATE OPEN SPACE REQUIRED
• An average of fifty (50) square feet of private open space shall be provided for the total number of dwelling units within a project.
• 196 units X 50 sf = 9,800 sf

PRIVATE OPEN SPACE PROVIDED
• The average private open space per
• The average private open space per town
• The total private open space is 13,150 sf.

COMMON OPEN SPACE REQUIRED
• Fifty-one (51) or more units: a minimum of three thousand two hundred (3,200) square feet of common open space shall be provided.
• Common open space areas shall be surfaced with any practical combination of landscaping, paving, decking, concrete, or other serviceable material with no more than fifty (50) percent of the area at grade level covered with a non-permeable surface.

COMMON OPEN SPACE PROVIDED
• The total non-permeable surface area is 20,176 sf (32%) • The total permeable surface area is 42,704 sf (68%)
• The total common open space is 62,880 sf
unit is 69.5 sf. 172 units X 69.5 sf = 11,950 sf.
home unit is 50 sf. 24 townhomes X 50 sf = 1,200 sf
apartment
25'-0"
25’ FRONT SETBACK LINE

PROPERTY LINE
W
LEGEND

COMMON OPEN SPACE
(NON-PERMEABLE SURFACE)
(PERMEABLE SURFACE)

COMMON OPEN SPACE

TOTAL PRIVATE OPEN SPACE
MAY 20, 2022
201
Agenda Item # 6.

CAPACITY Varies per configuration
Minimum 6 bike system required for stability
MATERIALS Main frame tube: 2” 11g square tube
Connector plates: 1/4” plate
Bike trays: 11g plate
FINISHES Galvanized
An after fabrication hot dipped galvanized finish is our standard option.

Powder Coat
Our powder coat finish assures a high level of adhesion and durability by following these steps:

1. Sandblast

2. Epoxy primer electrostatically applied

3. Final thick TGIC polyester powder coat
Stainless
304 grade stainless steel material with external surfaces polished to a satin finish. All surfaces passivated.

MOUNT

OPTIONS
Surface only
Each connector plate accepts 3/8” wedge anchors.
0 0
102”
Minimum Ceiling
60”
Staggered Upper
Tray Height
48”
Staggered Upper
Tray Height
67” End of Rack
17”
71” Rear Wheel Overhang
U-lock compatible
14” 60”
(48” min.)
67”
102”
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA

BIKE PARKING - DERO DECKER OR SIMILAR
AP0.28
©2021

FINISH OPTIONS
Galvanized Stainless Powder Coat
Black Light Gray
RAL 7042
Deep Red RAL 3003Yellow
RAL 1023
White
Hunter Green
RAL 6005
CNH Bright
Yellow
Orange
RAL 2004
Light Green
RAL 6018
Green
RAL 6016
Sepia Brown
RAL 8014 RAL 5005
Bronze Silver Dark Purple RAL 9007 Flat Black Wine Red
RAL 3005
Beige
RAL 1001
Iron Gray
RAL 7011
Blue Sky Blue
RAL 5015
Dero Duplex
Dero Duplex
MAY 20, 2022
202
Agenda Item # 6.

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

SACRAMENTO
(925) 866-0322
(916) 375-1877
Prometheus Real Estate Group, Inc. 3165 04/12/2022 MA PROMETHEUS REAL ESTATE GROUP, INC. PROMETHEUS REAL ESTATE GROUP, INC. 1900 SOUTH NORFOLK STREET, SUITE 150 SAN MATEO, CA 94403 CARLSON, BARBEE & GIBSON 2633 CAMINO RAMON, SUITE 350 SAN RAMON, CA 94583 TEL (925) 866-0322 2 RESIDENTIAL APARTMENTS RESIDENTIAL TOWNHOME STYLE CONDOMINIUMS: PROPOSED VESTING TENTATIVE MAP CONFORMS TO THE ORIGINAL APPROVED VESTING TENTATIVE MAP PREPARED BY BKF ENGINEERS AS A PART OF THE ORIGINAL PROJECT ENTITLEMENT. NO MODIFICATIONS HAVE BEEN MADE EXCEPT TO SUBDIVIDE THE PROPERTY INTO TWO PARCELS, MODIFICATIONS OF UNIT TYPES, AND REPLACEMENT OF ENGINEER AND OWNER (IDENTIFIED WITH AN ). ***** * * ** 05/20/2022 203 Agenda Item # 6.

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

DN UP DN UP UP DN
UP DN
W
R
C

WEST EL CAMINO REAL
LOT 1
104,690 SF± (2.4 AC±)
172 APARTMENTS
LOT 2
60,655 SF± (1.4 AC±)
24 TOWNHOME

STYLE CONDOMINIUMS
LEGEND

BUILDING FOOTPRINTS, ROADWAYS AND OTHER

INFRASTRUCTURE CONFORMS TO THE ORIGINAL APPROVED
VESTING TENTATIVE MAP PREPARED BY BKF ENGINEERS.

PRIMARY MODIFICATION IS TO SUBDIVIDE THE PROPERTY INTO

TWO PARCELS AND PROVIDE THE REQUIRED EASEMENTS FOR
ACCESS AND UTILITIES OVER LOT 1 IN FAVOR OF LOT 2.

ADDITIONAL MODIFICATIONS INCLUDES THE REPLACEMENT OF
ENGINEER AND OWNER (IDENTIFIED WITH AN ). CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

SACRAMENTO
(925) 866-0322(916) 375-1877
Prometheus Real Estate Group, Inc.
3165 04/12/2022 MA

2. PAUE (PRIVATE ACCESS AND UTILITY EASEMENT) AND PEDESTRIAN ACCESS EASEMENT TO BE PROVIDED OVER LOT 1 AS SHOWN IN FAVOR OF LOT 2.

3. REQUEST EXCEPTION WHERE, DUE TO THE ADDITION OF A LOT LINE BETWEEN

THE APARTMENTS AND THE TOWNHOMES, THE BUILDINGS NO LONGER MEET MINIMUM PLANNING SETBACKS. A NO-BUILD EASEMENT BETWEEN THE

APARTMENTS AND TOWNHOMES IS PROPOSED THAT ALLOWS ALL BUILDINGS TO

BE BUILT AS PREVIOUSLY APPROVED AND MAINTAIN THE CODE REQUIRED FIRE SEPARATION DISTANCE BETWEEN BUILDINGS AS PREVIOUSLY APPROVED. *
*
NOTES / LEGEND:
*
*
*
* *
*
* *
*
*
*
*
*
*
*
*
*
*
* * *
*
*
*
*
*
*
NOTES / LEGEND:
*
*
05/20/2022
205
Agenda Item # 6.
90 90 90 90 85 85
90 85
85 85 90 85

89.4 88.8

88.9 88.5

88.8 88.3

87.7 86.7 87.4

86.4 86.2

85.6 85.5

86.8 88.6

88.5 89.4

89.6 88.7

88.6 88.1

88.6 88.2

88.1 87.6

87.1 87.5

87.7 87.7

87.8 87.5

87.8 87.3 87.2

87.8 87.5

87.8 87.9

87.9 86.7

85.6 87.6

87.9 87.9

86.6 87.7

87.6 87.3

87.4 87.5

87.3 86.5 86.7

87.3 87.7

87.2 86.4

87.4 85.3

87.3 87.8

87.2 87.3

88.4 87.9

87.4 87.8

88.3 88.8

90.4 86.6

86.7 87.6

86.8 87.5

87.3 86.7

86.2 86.4

87.2 87.6

89.2 89.2

89.8 86.7

86.2 87.9

87.8 86.8

87.3 87.5

88.6 DENSE TREES

GROUND NOT VISIBLE
DENSE TREES 90
85 CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

SACRAMENTO
(925) 866-0322
(916) 375-1877
Prometheus Real Estate Group, Inc. 3165 04/12/2022 MA ** THIS PAGE WAS PREPARED BY BKF ENGINEERS AS A PART OF THE ORIGINAL PROJECT ENTITLEMENT. NO MODIFICATIONS HAVE BEEN MADE EXCEPT REPLACEMENT OF ENGINEER AND OWNER. IN ADDITION, THE PROPOSED AND EXISTING STORM DRAIN PIPE HAS BEEN ADDED AT THE REQUEST OF THE CITY. * * * * * * 05/20/2022 206 Agenda Item # 6.

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

SACRAMENTO
(925) 866-0322
(916) 375-1877
Prometheus Real Estate Group, Inc. 3165 04/12/2022 MA THIS PAGE WAS PREPARED BY BKF ENGINEERS AS A PART OF THE ORIGINAL PROJECT ENTITLEMENT. NO MODIFICATIONS HAVE BEEN MADE EXCEPT TO ROUTE STORM DRAIN PIPE (AND EASEMENT) TO THE WEST, RATHER THAN TO THE EAST AS SHOWN IN ORIGINAL ENTITLEMENTS. ADDITIONAL MODIFICATIONS INCLUDE THE REPLACEMENT OF ENGINEER AND OWNER. ** 10' SDE * 05/20/2022 207 Agenda Item # 6.

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

Prometheus Real Estate Group, Inc.
3165 04/12/2022 MA CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

SACRAMENTO
(925) 866-0322(916) 375-1877 *
*

THIS PAGE WAS PREPARED BY BKF

ENGINEERS AS A PART OF THE
ORIGINAL PROJECT ENTITLEMENT.

NO MODIFICATIONS HAVE BEEN MADE

EXCEPT REPLACEMENT OF ENGINEER
AND OWNER. 05/20/2022
209
Agenda Item # 6.

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

SACRAMENTO
(925) 866-0322(916) 375-1877
Prometheus Real Estate Group, Inc.
3165 04/12/2022 MA
*
*

THIS PAGE WAS PREPARED BY BKF

ENGINEERS AS A PART OF THE
ORIGINAL PROJECT ENTITLEMENT.

NO MODIFICATIONS HAVE BEEN MADE

EXCEPT REPLACEMENT OF ENGINEER
AND OWNER. 05/20/2022
210
Agenda Item # 6.
05/06/22
05/20/22
211
Agenda Item # 6.
05/06/22
05/20/22
212
Agenda Item # 6.
05/06/22
05/20/22
213
Agenda Item # 6.
05/06/22
05/20/22
214
Agenda Item # 6.
05/06/22
05/20/22
215
Agenda Item # 6.
05/06/22
05/20/22
216
Agenda Item # 6.

June 15, 2022
Chair Doran and Members of the Planning Commission
City of Los Altos
1 N. San Antonio Road
Los Altos, CA 94022
Re: Agenda Item #3 – 5150 El Camino Real Development, Planning Commission meeting June 16th Dear Chair Doran and Members of the Planning Commission:

The LWV supports inclusionary zoning as a method to increase the supply of safe, decent, adequate housing for all Californians. We have consistently commended Los Altos for its below-market-rate (BMR) program as it has been the main way that Los Altos has been providing affordable housing.

One of the basic tenets of BMR programs is that the affordable units are dispersed throughout the housing development and are not able to be distinguished from the market-rate units. Therefore, we are concerned that the new proposal for 5150 El Camino Real does not include any BMR units in the ownership component.

The calculations for the density bonus/BMR units are a bit difficult to follow now that the developer wants to split the project into two lots. Our recommendation is that the developer provide a total of 29 BMRs, as the Staff Report suggests; this is fairly consistent with the Dutchints proposal approved earlier. However, a proportion of these BMRs should be in the townhouse component The closest ratio would appear to be dispersing 25 BMRs throughout the rental portion at low-income (LI) levels and 4 units within the ownership project. To be consistent with the Los Altos inclusionary ordinance, the majority of these ownership units (3) should be moderate income and one should be (LI).

However, to be consistent with the Staff Report recommendation and the benefits of State Density Bonus Law perhaps all the BMR ownership units, like the rental BMRs, should be LI. Another option would be to allow Prometheus to provide all the BMRs as rentals, since Los Altos has fewer rental BMRs compared to ownership and rental BMRs are typically more manageable than ownership. If the City opts to go this route, we recommend that some of the BMRs be very low-income (VLI) units and ask Staff to determine what percentage of LI and VLI would be equivalent to the cost to the developer of providing the ownership BMRs.

We appreciate Staff and the Planning Commission paying close attention to appropriate implementation of the BMR ordinance as well as density bonus law. We are also pleased to see that most of the units will be rental as Los Altos has been building very few rental units; rentals are more affordable to those with lower incomes, and we support providing a range of housing types.
(Please send any questions about this email to Sue Russell at [email protected].) Karin Bricker, President LWV of Los Altos/Mountain View Area Cc: Gabe Engeland. Nick Zornes Sean Gallegos Angel Rodriguez 217
Agenda Item # 6.

PARKING TYPE

PARKING PROVIDED TOTAL
EVR/EVC STALLS: 115 (30 EVC + 85 EVR)

GUEST PARKING

GUEST PARKING REQUIRED
GUEST PARKING PROVIDED:

GUEST PARKING

SURFACE GUEST PARKING

GUEST PARKING PROVIDED TOTAL
* AT A RATIO OF 1 STALL PER 4 DWELLING UNITS
(PER LOS ALTOS MUNICIPAL CODE 14.28.040 §G2(B))

PARKING TYPE

PARKING PROVIDED TOTAL
EVR/EVC STALLS: 115 (30 EVC + 85 EVR)

GUEST PARKING

GUEST PARKING REQUIRED
GUEST PARKING PROVIDED:

GUEST PARKING

SURFACE GUEST PARKING

GUEST PARKING PROVIDED TOTAL
* AT A RATIO OF 1 STALL PER 4 DWELLING UNITS
(PER LOS ALTOS MUNICIPAL CODE 14.28.040 §G2(B))

PARKING TYPE

PARKING PROVIDED TOTAL
EVR/EVC STALLS: 115 (30 EVC + 85 EVR)

GUEST PARKING

GUEST PARKING REQUIRED
GUEST PARKING PROVIDED:

GUEST PARKING

SURFACE GUEST PARKING

GUEST PARKING PROVIDED TOTAL
* AT A RATIO OF 1 STALL PER 4 DWELLING UNITS

A STALLS A STALLS
REQUIREMENT #
.5 PER BED 171
232
48 6
286

REQUIREMENT 152#
N/A 0
43 6
49*
REQUIREMENT #
.5 PER BED 171
232
48 6
286

EL CAMINO REAL

CALIFORNIA ST
SITE

CENTRAL EXPY

N SAN ANTONIO RD

EL MONTE AVE

RENGSTORFF AVE
Vicinity Map

EL CAMINO REAL

CALIFORNIA ST
SITE

CENTRAL EXPY

N SAN ANTONIO RD

EL MONTE AVE

RENGSTORFF AVE
Vicinity Map

EL CAMINO REAL

CALIFORNIA ST
SITE

CENTRAL EXPY

N SAN ANTONIO RD

EL MONTE AVE

RENGSTORFF AVE
Vicinity Map

EL CAMINO REAL

CALIFORNIA ST
SITE

CENTRAL EXPY

N SAN ANTONIO RD

EL MONTE AVE

RENGSTORFF AVE
Vicinity Map PROJECT TEAM TABLE OF CONTENTS PROJECT DATA

PROJECT SUMMARY

BASE UNIT COUNT

INCLUDING STATE DENSITY BONUS

PROJECT INFORMATION

CITY CONTEXT

EXISTING SITE PHOTOS

SITE CONTEXT

CONSTRUCTION MANAGEMENT PLAN

FIRE ACCESS DIAGRAM

SUBTERRANEAN LEVEL GARAGE PLAN

STREET LEVEL PLAN

SECTION PERSPECTIVE

SECTION PERSPECTIVE
LEVEL 2 PLAN
LEVEL 3 PLAN
LEVEL 4 PLAN / TOWNHOME ROOF PLAN
LEVEL 5 PLAN

APARTMENT ROOF PLAN

STREETSCAPE ELEVATIONS

BUILDING A - NORTH ELEVATION

BUILDING B - NORTH ELEVATION

TOWNHOME SOUTH ELEVATION

TOWNHOME NORTH ELEVATION

WEST ELEVATION

EAST ELEVATION

ILLUSTRATIVE BUILDING SECTION

BUILDING SECTIONS A-A, B-B, & C-C

BUILDING SECTIONS D-D & E-E

COLORS AND MATERIALS

SHADOW STUDY

OPEN SPACE CALCULATION

BIKE PARKING - DERO DECKER OR SIMILAR

VESTING TENTATIVE MAP COVER SHEET

EXISTING CONDITIONS

CIVIL SITE PLAN

PRELIMINARY GRADING AND DRAINAGE PLAN

PRELIMINARY UTILITY PLAN

PRELIMINARY STORMWATER MGMT PLAN

BASEMENT VEHICULAR TRUCK TURNING

SCHEMATIC LANDSCAPE PLAN
PLANT PALETTE and IMAGES

IRRIGATION ZONING DIAGRAM

TREE DISPOSITION PLAN

ARBORIST REPORT

SCHEMATIC LANDSCAPE ENLARGEMENTS
Architect:

BDE Architecture
950 Howard Street
San Francisco, CA 94103
Contact: Brenna Weaver
[email protected]
Client:

Landscape Architect:

The Guzzardo Partnership Inc.
181 Greenwich Street
San Francisco, CA 94111
Contact: Kurt Culver
[email protected]

APART APART
PARKING SUMMARY MAY 20, 2022 (29)
218
Agenda Item # 6.

CITY CONTEXT

0.5 MILE
2 1
1 P
7 6
9 1
8 5 4
11 10
3 P
P
P
P
P

EL CAMINO REAL

CASITA WAY

RENGSTORFF AVE

SHORELINE BLVD

SAN ANTONIO RD

ALMA ST

CALIFORNIA ST

0.5 MILE
P
1 1 5 9
2 6 10
3 7 11
4 8

MOUNTAIN VIEW KINDERCARE

MARIANO CASTRO ELEMENTARY SCHOOL

LOS ALTOS HIGH SCHOOL

BULLIS CHARTER SCHOOL

EGAN JUNIOR HIGH SCHOOL

MOUNTAIN VIEW ACADEMY

KHAN LAB SCHOOL

ST JOSEPH CATHOLIC SCHOOL

STEVENSON ELEMENTARY SCHOOL

SANTA RITA ELEMENTARY SCHOOL

ELLEN FLETCHER MIDDLE SCHOOL

FUTURE GOOGLE CAMPUS

SAN ANTONIO SHOPPING CENTER

PARK / PLAZA

PROJECT SITE

LOS ALTOS CITY BOUNDARY
1 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA CITY CONTEXT AP0.01 MAY 20, 2022 219
Agenda Item # 6.

7. FENCE AND PARKING IN REAR 6. FENCE AT REAR PROPERTY LINE

3. TREES/ SIDEWALK ALONG EL CAMINO REAL

5. PARKING LOT OF SOUTH-EAST CORNER

4. ON-GRADE PARKING AT EAST

2. VIEW OF EXISTING BUILDINGS AT RENGSTORFF AVE. TERMINUS

PHOTO KEY MAP

1. 5100 ECR - LANDSCAPE/SIDEWALK ALONG EL CAMINO REAL

8. WEST PROPERTY LINE AND 5100 ECR BEYOND
El Camino Real
1 6 7
3 4
2 8
5 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA EXISTING SITE PHOTOS AP0.02 MAY 20, 2022 220
Agenda Item # 6.

DISTEL DR
0™ 60™ 120™ 240™

EL CAMINO REAL

MARICH WAY

DISTEL DR

SOLANA CT

CASITA WAY RENGSTORFF AVE

CONDOMINIUM

BUILDING II

CONDOMINIUM

BUILDING I

TOWNHOMES TOWNHOMES

COCOCOCOCO COCOCOCO

BBBBBBBB BBB
M
C
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA SITE CONTEXT AP0.03 APARTMENT

BUILDING A

APARTMENT
BUILDING B TOWNHOMES TOWNHOMES MAY 20, 2022
221
Agenda Item # 6.

TOWNHOMES TOWNHOMES
NOTE: STAGING OFF-SITE

EL CAMINO REAL RENGSTORFF AVE
PHASE 3 CONDOMINIUM I

DISTEL DR

CONDOMINIUM I
PROTECTIVE FENCE (8’ HEIGHT & K-RAIL)

PROPERTY LINE

TRUCK ROUTE

GATED ENTRY / PEDESTRIAN ENTRY /

ROCK ENTRANCE PAD

PEDESTRIAN PATH

TRAFFIC CONTROL

EMERGENCY CONTACT SIGN
LEGEND

BUILDING B BUILDING AA BUILDING BB
MAY 20, 2022
222
Agenda Item # 6.

KITCHEN
L.F. 7'-0"
DINING
R27 ‚ INSIDE
R53 ‚ OUTSIDE
26™ EVA
R53 ‚ OUTSIDE
R27 ‚ INSIDE
CONDOMINIUM BUILDING II (TYPE III / 5-STORY)

ON PODIUM
CONDOMINIUM BUILDING I (TYPE III / 5-STORY)

ROOF ACCESS

FIRE TRUCK ROUTE

FIRE LADDER PADS

FIRE FIGHTER TRAVEL PATH

TRUCK STAGING
(15™ TO 30™ DISTANCE

FROM BUILDING FACE)

PROPOSED FIRE HYDRANT

EXISTING FIRE HYDRANT
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA FIRE ACCESS DIAGRAM AP0.05 APARTMENT BUILDING A (TYPE III / 5-STORY)

ON PODIUM
APARTMENT BUILDING B (TYPE III / 5-STORY)
ON PODIUM TOWNHOMES (TYPE V / 3-STORY) TOWNHOMES (TYPE V / 3-STORY) MAY 20, 2022 223
Agenda Item # 6.

SETBACK
30’

SETBACK LINE
25’ FRONT

SETBACK

EVC (ELECTRIC VEHICLE CHARGING)
STALL, TYPICAL OF 28

EVR (ELECTRIC VEHICLE

READY) STALL, TYPICAL OF
+/- +/-
+/-

STORAGE
(8’6”W X 2’6”D X 8’H)
1 1
1 1
BOUNDARY OF GUEST PARKING =
43 STALLS AT BASEMENT LEVEL.
“G” DENOTES LOCATION OF SECURED GATES FOR GUESTS

TOWNHOMES ABOVE
0' 1
111
11 BIKE RACK, 6 BIKES PER
UNIT, TYP OF 14. DETALS

AND SPECIFICATION ON
SHEET AP0.28. 1121
11 11 11 11 11 11
1121 1121

HEIGHT SETBACK
GUEST PARKING REQUIREMENT #
GUEST PARKING REQUIRED N/A 0
GUEST PARKING PROVIDED:

CONDO GUEST PARKING

SURFACE GUEST PARKING
43 6

VAN VAN

TYPICAL PARKING SPACE DIMENSIONS
REGULAR EV PARKING ADA PARKING ADA VAN PARKING SPACE 18' 8'-6" 9'
18'
9' 8'
6'
1'-8"
9'
18'
5'
EV
18'
9'

PARKING PROVIDED TOTAL
EVR/EVC STALLS: 115 (30 EVC + 85 EVR)
286

BIKE PARKING SUMMARY
BIKE PARKING TYPE REQUIREMENT #

REQUIRED (CLASS I )

REQUIRED (CLASS II )
REQUIRED TOTAL (CLASS I + CLASS II)
1 PER 3 UNITS
1 PER 15 UNITS
66 14
80 PROVIDED (CLASS I)

PROVIDED (CLASS II)
84 68
BIKE PARKING PROVIDED TOTAL (CLASS I + CLASS II) 152
SURFACE GUEST PARKING 6
GUEST PARKING PROVIDED TOTAL 49
11 1

TANDEM CONFIGURATION WILL BE ASSIGNED TO THE SAME UNIT
REQUESTED INCENTIVE: REDUCTION IN PARKING STALL WIDTH DIMENSION TO 8.5 FEET X 18 VERSUS 9 FEET X 18 FEET
2 ELECTRIC VEHICLE READY STALL

ELECTRIC VEHICLE CHARGING STALL
EVR
EVC

G SECURITY GATE
LEGEND

FIRE PUMP
ROOM
(245 SF)

FAN ROOM
(300 SF)
FIRE
PUMP
ROOM
(180 SF)

BIKE STORAGE

RAMP UP

RAMP DOWN
20% 10%

2.8% 2.8% 5.6%
TYP.

MECHANICAL
ROOM
(500 SF)
ELEC. (420 SF) ELEC. (410 SF) BIKE STORAGE

MECHANICAL
ROOM
(480 SF)

FAN ROOM
(440 SF)

TANDEM TANDEM
TANDEM
TANDEM
TANDEM
TANDEM
VAN/
EVC

EVC EVC EVC EVC EVC
EVC
EVC
EVC
EVC

EVR EVR EVR EVC EVR EVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVC EVR

EVR EVR EVR EVR EVR EVR EVR EVR EVR EVR EVR EVR

TANDEM TANDEM
TANDEM
POOL
ABOVE
TANDEM
TANDEM

TANDEM TANDEM
TANDEM
TANDEM
- EL: -11’-4”
EL: -13’-10”

TANDEM TANDEM
TANDEM
TANDEM
TANDEM

TANDEM TANDEM
TANDEM
TANDEM

EVC EVC EVC

TANDEM EVR TANDEM EVR

TANDEM EVR

TANDEM EVR TANDEM EVR

TANDEM EVR

TANDEM EVR
G
G

G RESIDENT PARKING GUEST PARKING RESIDENT PARKING
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA SUBTERRANEAN GARAGE PLAN AP0.06

TOWNHOMES ABOVE
APART APART MAY 20, 2022
224
Agenda Item # 6.

DN UP DN UP UP DN
UP DN
W
R
C
W
R
C
LIVING
19'-6" x 13'-0"
BATH

KITCHEN
L.F. 7'-0"
DINING

LOBBY / MAIL LOBBY / MAIL

RESTROOM

CLUB HOUSE CLUB HOUSE
SHOWER

EL CAMINO REAL EVA
ONLY
± 29'-8" 132' ± 54'-11" 28'-6" 45'
25'-11
2" 7'-7"
29'-8"

1. “RIDESHARE DROP-OFF & PICK-UP AREA”

SIGNAGE

2. “NO DROP OFF OR PICK-UP AT ANY TIME”
#
EVA
ONLY

PARKING
TYP.

ELEC.

TRANSF.

ELEC.

TRANSF.

ELEC.

TRANSF.

TRASHSTAGING
LOADING(45'X10'MIN)
21'
8'-6" 21'
8'-6" 8'-6" 21'
8'-6" 21'
8'-6" 21'
EL: +8" EL: 6" EL: +8" TRASH STAGING LOADING ZONE (45'X10'MIN)/RIDE SHARE DROP-OFF/PICK-UP 10'
##2 #2#

LINE OF GARAGE BELOW LINE OF GARAGE BELOW A A
B
B
C
C
E
E
D
D

SHORT TERM

BICYCLE PARKING
ELEC.

TRANSF.

ADA

PARKING
TYP.

LINE OF SETBACK
30’ HEIGHT SETBACK
ZONE 20’ BUFFER
45’ HEIGHT

SETBACK
30’ HEIGHT SETBACK
25’ FRONT

SETBACK
25’ FRONT SETBACK
(SEE DENSITY BONUS REPORT FOR

TOWNHOMES FRONTAGE WAIVER)
40'

SIDE SETBACK
7'-6"
SIDE

SETBACK
7'-6"
SIDE

SETBACK
25'-0"

FRONT SETBACK
40'-0"

REAR SETBACK
25'-0"

FRONT SETBACK
MAY 20, 2022
225
Agenda Item # 6.

EL CAMINO REAL FRONTAGE 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA SECTION PERSPECTIVE AP0.08

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
EL CAMINO REAL FRONTAGE UNIT PATIO LANDSCAPING SIDEWALK WITH TREE GRATES LANDSCAPE BUFFER EL CAMINO REAL 5 5 6
125
8 11 MAY 20, 2022
226
Agenda Item # 6.

TOWNHOME TOWNHOME LANDSCAPE WALK C3 PLANTER
PATIO

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
7 15
5 12
6 11
PASEO 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA SECTION PERSPECTIVE AP0.09 MAY 20, 2022 227
Agenda Item # 6.

SETBACK LINE OF SETBACK
BALCONY (TYP.)
BALCONY (TYP.)
2D
2D 2D 2D
2D
2D 2D 2D
2A 2A 1A
2D 1B 1B 2B 1B 1B 2E 2D 1B 1B 2B 2B 1B
1D
1C 1C 1C 1C
1C 2C 1C 1C 2C 1C
TRASH UTIL. UTIL. UTIL. UTIL. TRASH
2D

SETBACK
25’ FRONT SETBACK
MAY 20, 2022
228
Agenda Item # 6.

LINE OF SETBACK
2D 2D 2D 2D
2D 2D 2D 2D
2A 2A 1A
2D 1B 1B 2B 1B 1B 2E 2D 1B 1B 2B 2B 1B 2D
1D
1C 1C 1C 1C
1C 2C 1C 1C 2C 1C
TRASH UTIL. UTIL. UTIL. UTIL. TRASH

SETBACK
25’ FRONT SETBACK
MAY 20, 2022
229
Agenda Item # 6.

SETBACK
25’ FRONT SETBACK
MAY 20, 2022
230
Agenda Item # 6.

LINE OF SETBACK
1C 1C 1C 1C
1C 1C
2C
1C 2C 1C
UTIL. UTIL. TRASH UTIL. UTIL. TRASH
2D
BALCONY (TYP.)
UP
DN
UP
DN
UP
DN
UP
DN
R
W
C
R
W
C
3A01
Unit GSF: 1990 s.f.

Unit NSF: 1895 s.f.

Balcony: 112 s.f. (122)
25’ FRONT

SETBACK
25’ FRONT SETBACK
MAY 20, 2022
231
Agenda Item # 6.

MECH.

ELEV.

MECH.

ELEV.

MECH.

ELEV.

MECH.

STAIR BELOW STAIR BELOW

SOLAR PANELS SOLAR PANELS

LINE OF ROOF
ABOVE

LINE OF SETBACK

BOILER PAD BOILER PAD

ROOF BELOW
2 HOUR FIRE WALL, TYP.

TERMINATE AT INTERIOR SURFACE OF EXTERIOR
SHEATING PROVIDED. NO EXTERIOR PENETRATIONS
FOR 4’ ON EITHER SIDE 25’ FRONT

SETBACK

MANSARD ROOF
2 HOUR FIRE WALL, TYP.

TERMINATE AT INTERIOR SURFACE OF EXTERIOR SHEATING PROVIDED. NO EXTERIOR PENETRATIONS FOR 4’ ON

EITHER SIDE
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA

APARTMENT ROOF PLAN
AP0.14
0' 40' 80' TRUE
A A
B
B
C
C
30’ HEIGHT SETBACK
ZONE 20’ BUFFER
45’ HEIGHT

SETBACK
25’ FRONT SETBACK
MAY 20, 2022
232
Agenda Item # 6.

EL CAMINO REAL FRONTAGE - NORTH ELEVATION

EL CAMINO REAL

KEY PLAN
2 | MID-BLOCK PLAZA
1 2
3 | AERIAL VIEW OF MID-BLOCK PLAZA
3 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA STREETSCAPE ELEVATIONS AP0.15

EL CAMINO REAL STREETSCAPE ELEVATION

CONDOMINIUM BUILDING I
EVA

DRIVEWAY/WALK
2065 W-ECR
(1-STORY COMMERCIAL BUILDING) 5100 ECR
(3-STORY MULTI-FAMILY)
EVA

DRIVEWAY/ WALK

MID-BLOCK PLAZA

GARAGE ENTRY CONDOMINIUM BUILDING II
P.L.P.L.

SIDE

SETBACK
7’-6” 35’-2”
222’-2” 54’-3” 210’-8”
37’-6” 7’-6”
SIDE

SETBACK
BUILDING B BUILDING A MAY 20, 2022
233
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
2 3 1

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA BUILDING A - NORTH ELEVATION AP0.16 P.L. 2 5 6 1 8 4 9
13 14 11 12 9
SIDE

EL CAMINO REAL

KEY PLAN
5 7 9 12 11 13
10 8 1 6
2 | VIEW FROM ECR (EL CAMINO REAL)
1 |
3 | VIEW FROM ECR (EL CAMINO REAL)
3 1
2 1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL
P.L.
3 MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
SIDE

EL CAMINO REAL

KEY PLAN
15 3

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
2 1
2 | TOWNHOME SOUTH FACADE
1 | TOWNHOME SOUTH ELEVATION
3 | AERIAL VIEW OF TOWNHOME
P.L.
3 SIDE

SETBACK
7’-6” 47’-1”
54’-7” COURTYARD BEYOND 22’-6”

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

FRONT SETBACK
29'-7" MAY 20, 2022
236
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN
6 12 15 16 8 5 7

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
2 3
11 L2
T.O.SHTG
L1
T.O.CONC
L3
T.O.SHTG
T.O.SHTG
2 | TOWNHOME NORTH FACADE 3 | AERIAL VIEW OF PASEO
1 | TOWNHOME NORTH ELEVATION

TOWNHOME NORTH ELEVATION
1 P.L.

SIDE

SETBACK
7’-6” 35’-5”
42’-11” 19’-3”

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

EL CAMINO REAL

KEY PLAN
5 1 6 5 6 5 8 7 6 5

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
2 3
1 11 11
2 | AERIAL VIEW 3 | WEST FACADE
1 | WEST ELEVATION P.L.

P.L.

FRONT SETBACK 30’ HEIGHT SETBACK
25’-0” 28’-6” 12’-0” 40’-0”

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

EL CAMINO REAL

KEY PLAN

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)
3 2
11 12 11 13
8 5 6 15 5 14 1 6 1 8
2 | VIEW OF PASEO AND POOL 3 | VIEW OF PASEO
1 | EAST ELEVATION

EAST ELEVATION
1 P.L.

P.L.
30’ HEIGHT SETBACK FRONT SETBACK
40’-0” 8’-0” 28’-6” 25’-0”

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

ELEVATOR SHAFT
**PARAPET

EL CAMINO REAL

KEY PLAN
A
A
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA ILLUSTRATIVE BUILDING SECTION AP0.22 PL 8'-0" 20'-0" APARTMENTS SIDE
SETBACK 7'-6"
30' HEIGHT SETBACK AND

SIDE SETBACK
40'
(SEE DENSITY BONUS REPORT FOR

TOWNHOMES FRONTAGE WAIVER)
(SEE DENSITY BONUS REPORT FOR

HEIGHT WAIVER)
(SEE DENSITY BONUS REPORT FOR
HEIGHT WAIVER) MAY 20, 2022
240
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN
SECTION “A-A”
SECTION “B-B”
SECTION “C-C”
MAX ALLOWABLE BLDG.

ENVELOPE: 68’ MAX
MAX ALLOWABLE BLDG.

ENVELOPE: 68’ MAX

CONDENSER UNIT LOCATED ABOVE
CORRIDORS (TYP.)

CONDENSER UNIT

LOCATED ABOVE
CORRIDORS (TYP.)

CONDENSER UNIT LOCATED
ABOVE CORRIDORS (TYP.)

CONDENSER UNIT LOCATED ABOVE
CORRIDORS (TYP.)

FIRE ACCESS TO ROOF VIA STAIR

ENCLOSURE

FIRE ACCESS TO

ROOF VIA STAIR

ENCLOSURE

FIRE ACCESS TO ROOF VIA STAIR

ENCLOSURE
L2
T.O.SHTG
L1
T.O.CONC
LB1
T.O.CONC
(7.5 REQ.) (7.5 REQ.)
(7.5 REQ.) (7.5 REQ.)
(7.5 REQ.) (7.5 REQ.)
L3
T.O.SHTG
L4
T.O.SHTG
L5
T.O.SHTG
T.O.SHTG
T.O.PARAPET
(VARIES)

CORRIDOR CORRIDOR

CORRIDOR

COURTYARD
P.L.P.L.

COURTYARD

COURTYARD
POOL
POOL

RESIDENTIAL PARKING

STAIRCASE ELEVATOR

GUEST & RESIDENTIAL PARKING
A A
C
C
B
B
UNIT

UNIT UNIT UNIT

UNIT UNIT
UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT

UNIT UNIT UNIT

UNIT UNIT UNIT UNIT CLUB
HOUSE
P.L.P.L.

P.L.P.L.

UNIT

CORRIDOR
BUILDING SECTIONS A-A, B-B, & C-C 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA BUILDING SECTIONS AP0.23 P.L. P.L.

MAY 20, 2022
241
Agenda Item # 6.

PARKING

PARKING PARKING RAMP DRIVE AISLE PARKING

DRIVE AISLE WITH
MIN. TURN RADIUS
SPEED RAMP ACCS. WALK PARKING DRIVE AISLE PARKING
STOR.

STOR.

SIDEWALK ECR
ECR

KEY PLAN
P.L. P.L.

EL CAMINO REAL D
E
E

COURTYARD
POOL

RESIDENTIAL PARKING

RESIDENTIAL PARKING RESIDENTIAL PARKING

PLAY AREA ENTRY PLAZA

UNIT UNIT

TOWNHOME

UNIT UNIT

MAY 20, 2022
242
Agenda Item # 6.

EL CAMINO REAL

KEY PLAN
STUCCO COLOR #1
(SMOOTH TROWELED)

STEEL CABLE RAILING W/ BOARD BOARD & BATTEN

METAL AWNING

METAL TRELLIS/ CANOPY
EXTERIOR PLASTER #2
(SMOOTH TROWELED)

HORIZONTAL SIDING
VERTICAL SIDING METAL RAILING (TYP.)

MATERIAL LEGEND
(SEE EXTERIOR MATERIAL SHEET FOR MORE DETAIL)

1. PARAPET CORNICE W/ METAL COPING

2. METAL AWNING W/ COMPOSITE WOOD SOFFIT

3. METAL AWNING W/ COMPOSITE WOOD LOUVER

4. PAINTED METAL LOUVER SCREEN

5. EXTERIOR PLASTER

6. FIBER CEMENT SIDING

7. COMPOSITE WOOD SIDING

8. VINYL WINDOW (TYP.)

9. ALUMINUM STORE FRONT

10. PAINTED METAL TRELLIS W/ COMPOSITE WOOD LOUVER

11. COMPOSITE WOOD LOUVER FENCE WITH METAL GATE

12. METAL PICKET RAILING

13. METAL RAILING W/ COMPOSITE WOOD SIDING

14. METAL RAILING W/ PERFORATED METAL PANELS

15. STANDING SEAM METAL ROOF

16. PAINTED METAL GUARDRAIL

COURTYARD BEYOND COURTYARD BEYOND
5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA COLORS & MATERIALS AP0.25

COLORS & MATERIALS
MAY 20, 2022
243
Agenda Item # 6.

SUMMER SOLSTICE SPRING / FALL EQUINOX WINTER SOLSTICE
PM
PM
PM
PM
PM PM

EL CAMINO REALEL CAMINO REALEL CAMINO REAL

EL CAMINO REALEL CAMINO REALEL CAMINO REAL
SHADOW STUDY 5150 EL CAMINO REAL LOS ALTOS, CALIFORNIA SHADOW STUDY AP0.26 MAY 20, 2022 244
Agenda Item # 6.

All drawings and written material appearing herein constitute original, and unpublished work of the architect and may not be duplicated, used or disclosed without the written consent of the architect. 21'
8'
18'
± 54'-11" 28 196 UNITS REQUIRED PROVIDED
PRIVATE OPEN SPACE 9,800 SF 13,150 SF
NON-PERMEABLE SURFACE 20,176 SF 32%
PERMEABLE SURFACE 42,704 SF 68%
COMMON OPEN SPACE 3,200 SF 62,880 SF 100%
DN
10'
LIVING
19'-6" x 13'-0"

KITCHEN
DINING

FRONT SETBACK LANDSCAPE REQUIREMENT
PER LOS ALTOS MUNICIPAL CODE SECTION 14.50.090

FRONT SETBACK LANDSCAPE REQUIRED
• The minimum front yard depth shall be twenty-five (25) feet, with a minimum of fifty (50) percent of which shall be landscaped
25’ FRONT SETBACK LINE

APARTMENTS(SEE DENSITY BONUS REPORT FOR

TOWNHOMES FRONTAGE WAIVER)
See Density Bonus Report for townhomes frontage waiver. 2,711 SF
•
1,356 SF 1,505 SF 2,711 1,505 55
9'
45'

OPEN SPACE CALCULATION
PER LOS ALTOS MUNICIPAL CODE SECTION 14.50.150 (CT DISTRICTS)

PRIVATE OPEN SPACE REQUIRED
• An average of fifty (50) square feet of private open space shall be provided for the total number of dwelling units within a project.
• 196 units X 50 sf = 9,800 sf

PRIVATE OPEN SPACE PROVIDED
• The average private open space per
• The average private open space per town
• The total private open space is 13,150 sf.

PROPERTY LINE
W
LEGEND

COMMON OPEN SPACE
(NON-PERMEABLE SURFACE)
(PERMEABLE SURFACE)

COMMON OPEN SPACE

TOTAL PRIVATE OPEN SPACE
MAY 20, 2022
245
Agenda Item # 6.

Powder Coat
Our powder coat finish assures a high level of adhesion and durability by following these steps:

1. Sandblast

2. Epoxy primer electrostatically applied

3. Final thick TGIC polyester powder coat
Stainless
304 grade stainless steel material with external surfaces polished to a satin finish. All surfaces passivated.

MOUNT

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

DN UP DN UP UP DN
UP DN
W
R
C

WEST EL CAMINO REAL
LOT 1
104,690 SF± (2.4 AC±)
172 APARTMENTS
LOT 2
60,655 SF± (1.4 AC±)
24 TOWNHOME

STYLE CONDOMINIUMS
LEGEND

BUILDING FOOTPRINTS, ROADWAYS AND OTHER

INFRASTRUCTURE CONFORMS TO THE ORIGINAL APPROVED
VESTING TENTATIVE MAP PREPARED BY BKF ENGINEERS.

PRIMARY MODIFICATION IS TO SUBDIVIDE THE PROPERTY INTO

TWO PARCELS AND PROVIDE THE REQUIRED EASEMENTS FOR
ACCESS AND UTILITIES OVER LOT 1 IN FAVOR OF LOT 2.

ADDITIONAL MODIFICATIONS INCLUDES THE REPLACEMENT OF
ENGINEER AND OWNER (IDENTIFIED WITH AN ). CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

SACRAMENTO
(925) 866-0322(916) 375-1877
Prometheus Real Estate Group, Inc.
3165 04/12/2022 MA

2. PAUE (PRIVATE ACCESS AND UTILITY EASEMENT) AND PEDESTRIAN ACCESS EASEMENT TO BE PROVIDED OVER LOT 1 AS SHOWN IN FAVOR OF LOT 2.

3. REQUEST EXCEPTION WHERE, DUE TO THE ADDITION OF A LOT LINE BETWEEN

THE APARTMENTS AND THE TOWNHOMES, THE BUILDINGS NO LONGER MEET MINIMUM PLANNING SETBACKS. A NO-BUILD EASEMENT BETWEEN THE

APARTMENTS AND TOWNHOMES IS PROPOSED THAT ALLOWS ALL BUILDINGS TO

BE BUILT AS PREVIOUSLY APPROVED AND MAINTAIN THE CODE REQUIRED FIRE SEPARATION DISTANCE BETWEEN BUILDINGS AS PREVIOUSLY APPROVED. *
*
NOTES / LEGEND:
*
*
*
* *
*
* *
*
*
*
*
*
*
*
*
*
*
* * *
*
*
*
*
*
*
NOTES / LEGEND:
*
*
05/20/2022
249
Agenda Item # 6.
90 90 90 90 85 85
90 85
85 85 90 85

89.4 88.8

88.9 88.5

88.8 88.3

87.7 86.7 87.4

86.4 86.2

85.6 85.5

86.8 88.6

88.5 89.4

89.6 88.7

88.6 88.1

88.6 88.2

88.1 87.6

87.1 87.5

87.7 87.7

87.8 87.5

87.8 87.3 87.2

87.8 87.5

87.8 87.9

87.9 86.7

85.6 87.6

87.9 87.9

86.6 87.7

87.6 87.3

87.4 87.5

87.3 86.5 86.7

87.3 87.7

87.2 86.4

87.4 85.3

87.3 87.8

87.2 87.3

88.4 87.9

87.4 87.8

88.3 88.8

90.4 86.6

86.7 87.6

86.8 87.5

87.3 86.7

86.2 86.4

87.2 87.6

89.2 89.2

89.8 86.7

86.2 87.9

87.8 86.8

87.3 87.5

88.6 DENSE TREES

GROUND NOT VISIBLE
DENSE TREES 90
85 CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

Prometheus Real Estate Group, Inc.
3165 04/12/2022 MA CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

SACRAMENTO
(925) 866-0322(916) 375-1877 *
*

THIS PAGE WAS PREPARED BY BKF

ENGINEERS AS A PART OF THE
ORIGINAL PROJECT ENTITLEMENT.

NO MODIFICATIONS HAVE BEEN MADE

EXCEPT REPLACEMENT OF ENGINEER
AND OWNER. 05/20/2022
253
Agenda Item # 6.

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

SACRAMENTO
(925) 866-0322(916) 375-1877
Prometheus Real Estate Group, Inc.
3165 04/12/2022 MA
*
*

THIS PAGE WAS PREPARED BY BKF

ENGINEERS AS A PART OF THE
ORIGINAL PROJECT ENTITLEMENT.

NO MODIFICATIONS HAVE BEEN MADE

EXCEPT REPLACEMENT OF ENGINEER
AND OWNER. 05/20/2022
254
Agenda Item # 6.
05/06/22
05/20/22
255
Agenda Item # 6.
05/06/22
05/20/22
256
Agenda Item # 6.
05/06/22
05/20/22
257
Agenda Item # 6.
05/06/22
05/20/22
258
Agenda Item # 6.
05/06/22
05/20/22
259
Agenda Item # 6.
05/06/22
05/20/22
260
Agenda Item # 6.

PUBLIC CORRESPONDENCE

The following is public correspondence received by the City Clerk’s Office after the posting of the original agenda. Individual contact information has been redacted for privacy. This may not be a comprehensive collection of the public correspondence, but staff makes its best effort to include all correspondence received to date.

To send correspondence to the City Council, on matters listed on the agenda please email [email protected]
261
Agenda Item # 6.

From: Angel Rodriguez
To: Public Comment
Subject: Fw: Letter to City Council re meeting of 8/23,/22 item #6 Date: Tuesday, August 16, 2022 1:23:12 PM
Attachments: clip_image001.png
From: Marie Young <
Sent: Tuesday, August 16, 2022 12:23 PM
To: City Council <[email protected]>
Cc: Gabriel Engeland <[email protected]>; Nick Zornes <[email protected]>; Angel Rodriguez <[email protected]>
Subject: Letter to City Council re meeting of 8/23,/22 item #6 August 16, 2022
Dear Mayor Enander, Vice-Mayor Meadows, and Members of the Los Altos City Council, Los Altos Community Voices (LACV) enthusiastically supports the proposed housing development at 5150 El Camino Real, and awe re thrilled that the development will bring 29 additional affordable units to our community. We encourage you to follow the Planning Commission’s recommendation and approve the project so that permits can be issued and construction begun.

Thank you.

LACV Steering Committee
Robin Abrams, Curtis Cole, Kim Cranston, Bill Sheppard, Marie Young 262
Agenda Item # 6.

YIMBY Law
57 Post St, Suite 908
San Francisco, CA 94104
8/23/2022
Los Altos City Council
1 North San Antonio Road
Los Altos, CA 94022
[email protected]
Via Email
Re: 5150 El Camino Real
APN 170-04-066
Dear Los Altos City Council,
YIMBY Law is a 501(c)3 non-profit corporation, whose mission is to increase the accessibility and affordability of housing in California. YIMBY Law sues municipalities when they fail to comply with state housing laws, including the Housing Accountability Act (HAA). As you know, the City Council has an obligation to abide by all relevant state housing laws when evaluating the above captioned proposal, including the HAA. Should the City fail to follow the law, YIMBY Law will not hesitate to file suit to ensure that the law is enforced.

California Government Code § 65589.5, the Housing Accountability Act, prohibits localities from denying housing development projects that are compliant with the locality’s zoning ordinance or general plan at the time the application was deemed complete, unless the locality can make findings that the proposed housing development would be a threat to public health and safety.

The above captioned proposal is zoning compliant and general plan compliant, therefore, your local agency must approve the application, or else make findings to the effect that the proposed project would have an adverse impact on public health and safety, as described above. Should the City fail to comply with the law, YIMBY Law will not hesitate to take legal action to ensure that the law is enforced.

I am signing this letter both in my capacity as the Executive Director of YIMBY Law, and as a resident of California who is affected by the shortage of housing in our state.

Sincerely,
1 263
Agenda Item # 6.

Sonja Trauss
Executive Director
YIMBY Law
2 264
Agenda Item # 6.

Sean Gallegos, Senior Planner
5150 El Camino Real
MOD22-0003
August 23, 2022
265
Agenda Item # 6.
2 266
Agenda Item # 6.

Background - City Council Approval
• Project Description - The project included the development of two five-story condominium buildings along El Camino Real with 172 units and two three-story townhouse buildings along the rear with 24 condominium units. • Previous Approval - On December 10, 2019, the City Council approved resolution No. 2019-43 making the findings to:
• Adopting a Mitigated Negative Declaration and Mitigation Monitoring and Reporting program consistent with the California Environmental Quality Act, and
• Approved the design review, use permit and subdivision applications for a new 196-unit multiple-family development at 5150 El Camino Real.
• Density Bonus Approval - The approved project included 28 affordable units, with 12 moderate and 16 very-low – income units
• A 35 percent density bonus
• Concession 1: An on-menu development concession to allow the project to exceed the maximum height limit of 45 feet by 11 feet (on-menu) and
• Concession 2: A six-inch reduction in the required parking stall width in the underground garage, • A waiver for a reduced percentage of landscaping in the front yard setback area. 3 267
Agenda Item # 6.

Current Project
The project before the City Council is the following:

1. Vesting Tentative Map
The City must grant a Vesting Tentative Map from one lot for condominium purposes into a two-lot subdivision. • Lot 1 includes the two five-story buildings along El Camino Real with 172 rental units • Lot 2 will include the townhouse buildings with 24 units.

2. Density Bonus
The City must grant a 35 percent density bonus to modify the previously approved project to 29 low-income affordable rental units (or 20% of the 145 base units).

3. Existing Concessions and Waivers
The City must maintain the existing development concessions and waivers it is eligible under State Density Bonus Law and the Los Altos Municipal Code.

4. Proposed Development Waivers
The City must grant a new development waiver from the 75-foot site frontage requirement for Lot 2. • State law requires that wavers be approved unless specific findings can be made. • No evidence currently in the record to make the findings for denial, i.e., The applicant is not requesting to modify the design or use of the building. Therefore, the City Council is not considering a modification to the previously approved Design Review and Use Permit. 4 268
Agenda Item # 6.

The Planning Commission held a public hearing on June 16, 2022, to consider the vesting tentative subdivision map and state density bonus approval request.

1. Recommended the Council approve the Vesting Tentative Subdivision Map, Inclusionary Housing, and State Density Bonus Modification (MOD22-0003) for a 196-Unit Multiple-Family Development at 5150 El Camino Real; Motion approved 5-0.

Planning Commission
5 269
Agenda Item # 6.

Vesting Tentative Map
6 270
Agenda Item # 6.

VESTING TENTATIVE MAP
The City Council must grant a Vesting Tentative Map from one lot for condominium purposes into a two-lot subdivision, unless the following findings cannot be made by the City Council:
• The Subdivision Map act requires approval if the proposed subdivision is consistent with the General Plan.
• The Subdivision Map act requires approval if the site is physically suitable for this type and density of development and the project meets all applicable Zoning requirements • The design of the subdivision and the proposed improvements are not likely to cause substantial environmental damage, or substantially injure fish or wildlife • The design of the subdivision or type of improvements is not likely to cause serious public health problems
• The design of the subdivision or the type of improvements will not conflict with easements, acquired by the public at large, for access through or use of the property within the proposed subdivision
7 271
Agenda Item # 6.

To address the applicant’s request to modify phasing for marking and eliminate phasing of the development, the following revised conditions has been proposed in the Resolution:

5. Phased Parking
Once construction is initiated by the developer, there shall be continuous progress without phasing of the development.

The project shall provide the resident and guest parking spaces required for the rental and townhouse units The project shall provide the resident and guest parking spaces required for the condominium and townhouse units developed during each phase of the development and shall provide such spaces, if not available in the underground garage, at a paved location on-site where the parking spaces and drive aisles are adequately delineated. A phase of development not completed will be developed as activated space within 12 months of certificate of occupancy.

6. Phase Development
Once construction is initiated by the developer, there shall be continuous progress without phasing of the development.

If a phase of development is not completed, the undeveloped area shall be developed as activated space within 12 months of the certificate of occupancy.

Phased Construction Conditions
8 272
Agenda Item # 6.

33. Pedestrian Access Easement
The applicant shall dedicate to the public the portion of the public sidewalk along the El Camino Real frontage that is on the project site to the City of Los Altos for use as a pedestrian access easement, and a private access easement along the east and west side of the two-five-story buildings and along the townhouses for use as a private pedestrian access easement. Applicant shall submit documentation to the City for review and approval for the recordation of the public easement to the City of Los Altos and private easement in accordance with the CC&Rs for the project.

34. No Build Easement
The applicant shall record a seven-foot wide no build easement for along the south property line of Lot No. 1 above grade over which no buildings shall be constructed.

Pedestrian Access Easement
9 273
Agenda Item # 6.

CALCULATION
• Lot Size: 3.8 acres
• Per General Plan the Maximum Density allowed is 38 3u/acre = 145 units • Per Los Altos Municipal Code for Required Affordable Housing for Rental Units = 20% or 29 units (145 units x 20%) • 20% Low Income Units are required to qualify for the 35% State Density Bonus and 2 incentives

PROVIDED AFFORDABLE UNITS
• 145 Units + 35% State Density Bonus = 195.75 units (rounded to a total of 196 units)

REQUESTED NEW WAIVER
• A request to waive the requirement for a 75-foot site frontage, which is required per Section 14.28.046© of LAMC.

DENSITY BONUS AND NEW WAIVER
Project Date Very Low Income Low Income Moderate Income Total Affordable Units 12/10/2019 16 12 28
8/23/2022 29 29
10 274
Agenda Item # 6.

The City must grant a requested waiver or development standard reduction unless it can make one or more the following findings:
 The waiver or reduced development standard would not have the effect of physically precluding the construction of a development meeting the criteria of this section at the densities or with the incentives permitted under this section.  The waiver or reduced development standard would have a specific, adverse impact upon health, safety, or the physical environment, and for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact.  The waiver or reduced development standard would have an adverse impact on any real property that is listed in the California Register of Historical Resources.  The waiver or reduced development standard would be contrary to state or federal law Granting a Waiver
11 275
Agenda Item # 6.

Townhouse Units
Approved
12/10/19
Proposed
Affordable 2-bedroom 2 Moderate -
3-bedroom 1 Moderate -
Market Rate 2-bedroom 2 4
3-bedroom 15 16
4-bedroom 4 4
Total 24 24
Condominium Units
Approved
12/10/19
Proposed
Affordable 1-bedroom 8 Very Low 14 Low
4 Moderate
2-bedroom 8 Very Low 15 Low
4 Moderate
Market Rate 1-bedroom 68 66
2-bedroom 77 75
3-bedroom 2 2
Total 172 172

AFFORDABLE UNIT DISTRIBUTION
12 276
Agenda Item # 6.

AFFORDABLE UNIT SIZE
13 277
Agenda Item # 6.

AFFORDABLE UNIT DISTRIBUTION
14 278
Agenda Item # 6.
15 279
Agenda Item # 6.
16 280
Agenda Item # 6.
17 281
Agenda Item # 6.
18 282
Agenda Item # 6.

Affordability Conditions

25. Upon completion of first phase of the project (indicated as the townhomes), three townhouses shall not be sold for five years from the date of occupancy and shall be held by an entity controlled by Dutchints Development. If the second or third phase are not initiated within five years from completion of Phase 1, the three unsold townhouse units shall be dedicated as affordable units.

40. The Applicant shall execute and record an Affordable Housing Agreement, in a form approved and signed by the Community Development Development Services Director and the City Attorney, that offers 298 below market rate rental units affordable to low-income households, for an indefinite period99 years, as defined in Condition No. 2. The below market rate units shall be constructed concurrently with the market rate units, shall be provided at the location on the approved plans, and shall not be significantly distinguishable with regard to design, construction or materials. Upon completion of the townhouses on Lot No. 2, five townhouses shall not be sold for five years from the date of occupancy and shall be held by an entity controlled by Prometheus Real Estate Group, Inc. If 172 rental units on Lot No. 1 are not initiated within five years from completion of townhouses, the five unsold townhouse units shall be dedicated as affordable units. If the 172 rental units on Lot No. 1 are initiated within five years from the completion of the townhouses, the condition for five unsold townhouse units be dedicated as affordable will terminate.

43. Affordable Housing
Within 30 days of project approval, the applicant shall enter into a Memorandum of Understanding with a third-party affordable housing developer to use best efforts to explore and effectuate financing options for the purchase and management of up to an additional 58 marketrate units in the Project to be dedicated as affordable rental units. 19 283
Agenda Item # 6.

Parkland Dedication
• On December 10, 2019, the City Council required Condition No. 26 in Resolution No. 2022-043 to explore the dedication of land with park and recreational facility improvements to the City. Staff is recommending revisions Condition No. 26.

The applicant and City shall enter into good faith negotiations toward executing a memorandum of understanding (MOU) or Exclusive Negotiating Agreement (ENA) prior to issuance of the project’s first building permit by January 31, 2022 that. The agreement would allows the city and applicant/developer to negotiate the terms of an agreement that will provide a public park at 745 Distel Drive, and The agreement shall:
a. Provide for a “turn key” park and detail the process by which the park design will be developed and approved. b. Provide for payment to the city of the difference between the total cost of the park and the in-lieu park fee amount that would otherwise be paid.
c. Require the payment of the estimated difference between the total cost of the park and the otherwise required in-lieu fee at the time of issuance of the first building permit for the project. d. Include an “opt-out” clause.

In the event that an MOU or ENA is not executed by the parties prior to issuance of the project’s first building permit, the applicant shall instead pay the applicable in lieu park fee.” 20 284
Agenda Item # 6.
• An Initial Study and Mitigated Negative Declaration (IS/MND) was previously prepared in compliance with the California Environmental Quality Act (CEQA), the CEQA Guidelines (California Code of Regulations §15000 et. seq.) and the regulations and policies of the City of Los Altos.
• The MND and Mitigation Monitoring and Reporting Program for the project were adopted for the project by the City on December 10, 2019. • A subsequent MND is not required under State CEQA Guidelines Section 15162.

Environmental Review
21 285
Agenda Item # 6.

Staff Recommendation
• Proposed Vesting Tentative Subdivision Map, Inclusionary Housing, and State Density Bonus Modification (application MOD22-0003) for a 196-Unit Multiple-Family Development at 5150 El Camino Real If decision for denial, appropriate findings would need to be provided in compliance with State Law(s).
22 286
Agenda Item # 6.

End
23 287
Agenda Item # 6.

PUBLIC CORRESPONDENCE

To send correspondence to the City Council, on matters listed on the agenda please email [email protected]
288
Agenda Item # 6.

August 20, 2022
RE: August 23, 2022, Item 6, 5150 El Camino
Dear Mayor Enander and City Council,
The Los Altos Affordable Housing Alliance is delighted to see 5150 El Camino going forward again. We particularly like that the main buildings will now be rentals, as we believe the City needs more rental housing.

We commend staff for prudently protecting the city's affordable housing inventory in the unlikely case that the townhouses are built but the apartment construction is delayed.

As these buildings have already been approved once, and as the technical details of the inclusionary zoning and the separation of the townhouse portion of the project from the apartment portion have now been dealt with, we see no reason for this project to be further delayed, and we urge its speedy approval.

Respectfully,
The Los Altos Affordable Housing Alliance
Los Altos Affordable Housing Alliance
Committed to educating and inspiring the Los Altos community to build housing that is affordable for those who live and work in Los Altos
https://losaltosaffordablehousing.org/
289
Agenda Item # 6.

PUBLIC CORRESPONDENCE

To send correspondence to the City Council, on matters listed on the agenda please email [email protected]
290
Agenda Item # 6.

August 20, 2022
Mayor Enander and Members of the City Council
City of Los Altos
1 N. San Antonio Road
Los Altos, CA 94022
Re: Agenda Item #6 – 5150 El Camino Real Development, Council Meeting August 23rd Dear Mayor Enander and Members of the City Council:

The Prometheus development will add 196 units to Los Altos’ housing stock, including 29 BMR rentals. The project will contribute significantly towards the City’s RHNA targets, as well as to its affordable housing inventory.

We appreciate Staff and the Planning Commission paying close attention to appropriate implementation of the BMR ordinance as well as density bonus law and ensuring that affordable housing is included if for some reason the rental housing construction is delayed.

We are also pleased to see that that Prometheus has revised the 5150 El Camino project approved earlier by Council so that now most of the units will be rental instead of ownership. Los Altos has been building very few rental units; rentals are more affordable to those with lower incomes, because they are more “affordable by design“, as the Staff report points out. The LWV supports providing a range of housing types. (Please send any questions about this email to Sue Russell at [email protected]) Karin Bricker, President LWV of Los Altos/Mountain View Area Cc: Gabe Engeland. Nick Zornes Sean Gallegos Angel Rodriguez 291
Agenda Item # 6.

From: Phan Truong
To: Public Comment
Subject: Public Comment Agenda Item 6 (5150 El Camino Real) - Meeting 8/23/22 Date: Tuesday, August 23, 2022 8:41:07 AM
Dear Members of the Los Altos City Council,
The previous developer, Dutchints Development, worked extensively with the residents of Casita Way to establish a development plan that stipulated the following important design elements:

Provide for the planting of fast-growing trees of an agreed-upon perennial species along the property's southern border to protect year-round privacy of residents of Casita Way.

Ensure that grading does not destroy the current berm along the property's southern border so as to protect the roots of trees belonging to the residents of Casita Way, which currently provide a privacy screen.

Provide for the construction of a new fence or wall along the property's southern border to protect privacy and mitigate sound, light, and noise pollution.

I urge the City Council to ensure that the current owner of the property, Prometheus Real Estate Group, honors these same design elements, which were arrived at in mutual good faith, and that the City Council require their inclusion to protect the privacy of residents who live on Casita Way.

Respectfully Yours,
Phan Truong and Family
Casita Way, Los Altos
292
Agenda Item # 6.

From: Pierre Bedard
To: Public Comment
Subject: PUBLIC COMMENT AGENDA ITEM 6 - 24 AUG 22
Date: Tuesday, August 23, 2022 9:37:02 AM
Dear Los Altos City Council,
I'm writing regarding the development at 5150 El Camino Real.

The previous developer, Dutchints Development, worked extensively with the residents of Casita Way to establish a development plan that stipulated the following important design elements:

Provide for the planting of fast-growing trees of an agreed-upon perennial species along the property's southern border to protect year-round privacy of residents of Casita Way
Ensure that grading does not destroy the current berm along the property's southern border so as to protect the roots of trees belonging to the residents of Casita Way, which currently provide a privacy screen
Provide for the construction of a new fence or wall along the property's southern border to protect privacy and mitigate sound, light, and noise pollution.

Respectfully Yours,
Pierre and Caroline Bedard
721 Casita Way, Los Altos
293
Agenda Item # 6.

The project consists of the demolition of an existing office building and the construction of 172 units of multifamily housing, with 29 of the units designated affordable for Low and Very Low income families. The development will also include 24 townhouses, and is utilizing a Density Bonus. This project was previously entitled by the city, and the two differences now are that a project that was once previously all for-sale will now include much needed rental housing, and that there will be an increase in the total number of affordable housing units provided.

The above captioned proposal is zoning compliant and general plan compliant, with the requested density bonus incentives and waivers, therefore, your local agency must approve the application, or else make findings to the effect that the proposed project would have an adverse impact on public health and safety, as described above. Should the City fail to comply with the law, YIMBY Law will not hesitate to take legal action to ensure that the law is enforced.

I am signing this letter both in my capacity as the Executive Director of YIMBY Law, and as a resident of California who is affected by the shortage of housing in our state. 1 294
Agenda Item # 6.

Sincerely,
Sonja Trauss
Executive Director
YIMBY Law
YIMBY Law, 57 Post Street, Suite 908, San Francisco, CA 94104 2 295
Agenda Item # 6.

AGENDA REPORT SUMMARY
Meeting Date: August 23, 2022
Subject: Annual Development Impact Fees Report for Fiscal Year 2021 Prepared by: June Du, Finance Manager
Reviewed by: Suzanne Niederhofer, Interim Finance Director Approved by: Gabriel Engeland, City Manager
Attachment(s):

1. Annual Report on Development Impact Fees for Fiscal Year 2021 Pursuant to AB1600 Initiated by:

Staff
Fiscal Impact:

None
Environmental Review:

Not applicable
Policy Question(s) for Council Consideration:
 None.

Summary:
 Accept Annual Development Impact Fees Report
Staff Recommendation:

Move to receive Annual Report on Development Impact Fees for Fiscal Year 2021 296
Agenda Item # 7.

Subject: Annual Development Impact Fees Report for Fiscal Year 2021 August 23, 2022 Page 2
Purpose
State law requires the City to make this report available for public inspection at least 10 days before the City Council accepts the report and 180 days after the last day of the fiscal year. Due to the Finance department key personnel turnover, the notice on the availability of this report will be posted on August 24, 2022.

Background
The attached report provides information on the amount of park in-lieu fees and traffic impact fees collected, the interest earned on unexpended funds, and the amount of funds expended for the period July 1, 2020 through June 30, 2021. If the City held developer fees for a period greater than five years, the City Council can make findings on an annual basis that uncommitted funds have a specified purpose and that there is a reasonable relationship between the fee and the purpose for which it was charged. As of June 30, 2021, there were no funds held by the City for a period greater than five years and as a result, no findings are needed for this year’s report.

Discussion/Analysis
The City has two developer impact fees in place, a Park in-Lieu Fee and a Traffic Impact Fee. The City’s Park in-Lieu Fee requires developers to contribute land or an in-lieu fee per parcel when developing or subdividing a property. The City has identified park and recreation facility improvements in its Capital Improvement Program to be funded with these dollars.

For the traffic impact fee, the City requires developers to pay a fee when a new development generates traffic and meets other requirements described in Section 3.48.040 of the City’s Municipal Code. The fees collected are to be used for transportation improvements that are identified in the City’s Capital Improvement Program and/or in the Traffic Impact Fee report in effect at the time the traffic impact fee is enacted or as subsequently amended.

Section 66001 of the Government Code requires the City to review and report on the status of the fees collected annually.

Recommendation
Receive the Annual Report on Development Impact Fees for Fiscal Year 2021 297
Agenda Item # 7.

ATTACHMENT 1
City of Los Altos
Annual Report
on
June 30, 2021
the Traffic Impact Fee and the Park in-Lieu Fee
for
Fiscal Year Ended
ATTACHMENT 1
298
Agenda Item # 7.

Exhibit B
Pursuant to City of Los Altos Municipal Code Chapter 13.24 Per City Council Approval on 10-13-2020
New Single-family Residential Home $ 87,300 per Home
New Multiple-family Unit $ 55,000 per Unit
Pursuant to City of Los Altos Municipal Code Chapter 3.48 Per City Council Adopted Resolution No. 2018-14
Single-family Housing $ 6,774 per Residential Unit
Multiple-family Housing $ 4,159 per Residential Unit
Senior Housing $ 1,744 per Residential Unit
Commercial $ 12,409 per One Thousand Gross Square Feet
Office $ 9,994 per One Thousand Gross Square Feet
Schedule of Park-In-Lieu Fees
Schedule of Traffic Impact Fees
City of Los Altos
Park In-Lieu Fees and Traffic Impact Fees
For Year Ended June 30, 2021
299
Agenda Item # 7.

EXHIBIT C-1
Fiscal Beg Fees Interest Transfers FY 20/21 Transfers End Year Bal Collected Income In Expenditures Out Bal
2005 $ - $ 30,000 $ 670 $ 6,500 $ 24,170
2006 24,170 60,000 2,757 86,927
2007 86,927 243,000 7,705 337,632
2008 337,632 867,000 23,890 211,780 1,016,742
2009 1,016,742 19,684 73,046 963,380
2010 963,380 468,000 7,868 154,257 1,284,991
2011 1,284,991 132,000 7,784 1,136,867 287,908
2012 287,908 756,000 6,027 100,185 949,750
2013 949,750 3,636,000.00 4,640.00 4,590,390
2014 4,590,390 1,260,000 21,574 5,871,964
2015 5,871,964 62,708 24,420 56,773 5,902,319
2016 5,902,319 198,500 56,633 145,102 467,476 5,544,874 2017 5,544,874 12,414 1,152,527 899 4,403,862
2018 4,403,862 1,092,500 24,575 267,602 5,253,335
2019 5,253,335 127,500 35,466 243,104 5,173,197
2020 5,173,197 136,292 19,238 5,290,251
*2020R 5,447,255
2021 5,447,255 1,541,500 76,353 17,564 1,300,000 5,747,544 Committed Use of Fund (1,979,970)
Avail. Fund 3,767,574
NOTE: The transfer out of funds went to the Capital Improvements Fund Please refer to Exhibit C-2
* The adjustmentment to the availble fund balance.

The difference is due to previous calculation included unrealized gain and loss to the investment and coverting from cash basis to accural basis
2020 Original 5,290,251
2020 Revised 5,447,255
Diff 157,004
For Year Ended June 30, 2021
City of Los Altos
Park In-Lieu Fees
300
Agenda Item # 7.

EXHIBIT C-1
Fiscal Beg Fees Interest Transfers FY 20/21 Transfers End Year Bal Collected Income In Expenditures Out Bal
2006 $ - $ 84,796 $ 960 $ 85,756
2007 85,756 4,467 90,223
2008 90,223 285,018 7,785 383,026
2009 383,026 24,842 8,974 416,842
2010 416,842 154,644 3,372 574,858
2011 574,858 185,795 5,935 47,793 718,795
2012 718,795 59,964 5,108 23,402 760,465
2013 760,465 651,705 1,758 18,336 1,395,592
2014 1,395,592 692,408 8,083 1,684 95,357 1,999,042
2015 1,999,042 249,589 8,819 320,225 1,937,224
2016 1,937,224 41,531 18,924 7,014 518,398 1,472,267
2017 1,472,267 3,867 105,434 114,529 1,256,171
2018 1,256,171 105,359 5,165 346,463 440,000 580,232
2019 580,232 21,053 4,447 70,895 534,837
2020 534,837 20,293 14,355 62,102 4,540 502,843
*2020R 534,292
2021 534,292 139,336 6,871 (833) 651,391 29,940
NOTE: The transfer out of funds went to the Capital Improvements Fund Please refer to Exhibit C-2
* The adjustmentment to the availble fund balance.

The difference is due to previous calculation included unrealized gain and loss to the investment and coverting from cash basis to accural basis
2020 Original 502,843
2020 Revised 534,292
Diff 31,449
City of Los Altos
Traffic Impact Fees
For Year Ended June 30, 2021
301
Agenda Item # 7.

EXHIBIT C-2
Amount of Amount of
Impact Fees All Funds Percent
Expended Expended Share of
on Project on Project Impact Fees
Park-in-Lieu $ 1,300,000 $ 1,300,000 100%
Total $ 1,300,000 $ 1,300,000 100%
As June 30, 2021, there were no loans made by the Fund
For fiscal year ending June 30, 2021, there were no fee refunds issued by the Fund As of June 30, 2021, there were no incomplete public improvements for which sufficient funds have been collected.

No approximate construction date can be identified at this time for incomplete public improvements.

Project
City of Los Altos
For Year Ended June 30, 2021
Park-in-Lieu Funds Expended
CF01002 Los Altos Community Center
Redevelopment
302
Agenda Item # 7.

EXHIBIT C-2
Amount of Amount of
Impact Fees All Funds Percent
Expended Expended Share of
on Project on Project Impact Fees
Traffic Impact $ 4,338 $ 4,338 100%
Traffic Impact $ 778 $ 778 100%
Traffic Impact $ 546,275 $ 546,275 100%
Traffic Impact $ 100,000 $ 100,000 100%
Total $ 651,391 $ 651,391 100%
As June 30, 2021, there were no loans made by the Fund
For fiscal year ending June 30, 2021, there were no fee refunds issued by the Fund As of June 30, 2021, there were no incomplete public improvements for which sufficient funds have been collected.

No approximate construction date can be identified at this time for incomplete public improvements.

City of Los Altos
Traffic Impact Fee Funds Expended
For Year Ended June 30, 2021
Project
TS0102220 Colector Street Traffic
TS0102221 Colector Street Traffic
TS01052 Annual Bike/Pedestrian Access
Improvements
TS0102219 Colector Street Traffic
303
Agenda Item # 7.

City of Los Altos 2022 Tentative Council Agenda Calendar August 18, 2022
All items and dates are tentative and subject to change unless a specific date has been noticed for a legally required Public Hearing. Items may be added or removed from the shown date at any time and for any reason prior to the publication of the agenda eight days prior to the next Council meeting.

Date Agenda Item
(Date identified by Council)
Agenda Section
(Consent,
Discussion Item -
note in red if
Public Hearing)
Dept/
Date of
request
to add.

August 30, 2022 Commission Interviews
September 6, 2022 REGULAR COUNCIL MEETING
FY 22/23 Agreement with Traffic Patterns
4350 El Camino Real
Non-Profit Contribution Policy
September 20, 2022* Year End tentative report – September (if needed)

REGULAR COUNCIL MEETING
AB 481
Solid Waste Disposal Agreement
Downtown Wifi
330 Distel Circle
Sewer Treatment Plant Amendment
Commission Outreach
Fee Waiver Policy
October 11, 2022 REGULAR COUNCIL MEETING
Complete Streets Master Plan
304
Agenda Item # 8.

City of Los Altos Tentative Council Agenda Calendar
August 18, 2022
All items and dates are tentative and subject to change unless a specific date has been noticed for a legally required Public Hearing. Items may be added or removed from the shown date at any time and for any reason prior to the publication of the agenda eight days prior to the next Council meeting.

Date Agenda Item
(Date identified by Council)
Agenda Section
(Consent,
Discussion Item -
note in red if
Public Hearing)
Dept.

Raising Flag Policy
October 25, 2022 REGULAR COUNCIL MEETING
Commission Appointments
Ceding time
November 1, 2021 Joint w/Commissions
November 15, 2022 * 1st Quarter report FY 2021/2022

REGULAR COUNCIL MEETING
November 29, 2022 REGULAR COUNCIL MEETING
December 6, 2022 CAFR and Year End – 1st meeting December December 13, 2022 Special meeting REORG.

Future Agenda Topics To Be Scheduled….
305
Agenda Item # 8.

Date Agenda Item
(Date identified by Council)
Agenda Section
(Consent,
Discussion Item -
note in red if
Public Hearing)
Dept.

Proposed City policy that modifies the environmental analysis standard for circulation impacts from a Level of Service (LOS) analysis to a Vehicle Miles Traveled (VMT) analysis.

Public
Hearing
info on Cuesta speed tables
League of California Cities – Role and Representation Presentati on/Discu
ssion
Council Initiated
Subcommittee on Grants NF 03.25.2022
Comprehensive multi-modal traffic study (analysis of recent projects projected parking, trip generation, & traffic impacts to actuals; ECR impacts should include adjacent streets) ES
Reach Code 2.0
Boards and Commission Process /Survey use
PCI Report
Funding mechanisms for housing and housing programs
Holidays to be referenced on employee rules
Open Government Cmte
MWENDO
Dark Skies Ordinance (LLE/AE/NF 7/12)
Restriction of Fire Arms on Public Property (JW/NF/AE 7/12) 306
Agenda Item # 8.

Date Agenda Item
(Date identified by Council)
Agenda Section
(Consent,
Discussion Item -
note in red if
Public Hearing)
Dept.

SFPUC Agreement
307
Agenda Item # 8.

Los Altos City CouncilAugust 23, 2022

Los Altos City Council
August 23, 2022