Agenda, third session — Lynwood City Council, September 19, 2023 (part 1 of 2)

1. CALL TO ORDER

2. CERTIFICATION OF AGENDA POSTING BY CITY CLERK

3. ROLL CALL OF COUNCIL MEMBERS

4. PLEDGE OF ALLEGIANCE

5. INVOCATION
This Agenda contains a brief general description of each item to be considered. Copies of the Staff reports or other written documentation relating to each item of business referred to on the Agenda are on file in the Office of the City Clerk and are available for public inspection. Any person who has a question concerning any of the agenda items may call the City Manager at (310) 603-0220, ext. 200.

Procedures for Addressing the Council

IN ORDER TO EXPEDITE CITY COUNCIL BUSINESS, WE ASK THAT ALL PERSONS WISHING TO

ADDRESS THE COUNCIL SUBMIT YOUR COMMENTS IN ADVANCE TO
[email protected] OR FILL OUT A FORM PROVIDED AT THE PODIUM, AND TO TURN IT IN TO THE CITY CLERK PRIOR TO THE START OF THE MEETING. FAILURE TO FILL OUT SUCH A

FORM WILL PROHIBIT YOU FROM ADDRESSING THE COUNCIL IN THE ABSENCE OF THE UNANIMOUS CONSENT OF THE COUNCIL.

AGENDA
City Council Regular Meeting

TO BE HELD ON
September 19, 2023
COUNCIL CHAMBERS - 11350 BULLIS ROAD. LYNWOOD, CA 90262 OR WEB CONFERENCE VIA ZOOM - TO PARTICIPATE VIA ZOOM OR BY TELEPHONE: 1-669- 900-9128 OR 1-253-215-8782 MEETING ID: 835 2029 8238
Duly Posted on 9/16/23 By MQ
6:00 PM

Oscar Flores, Mayor
Rita Soto, Mayor Pro Tem
Gabriela Camacho, Council Member
Juan Munoz-Guevara, Council Member
Jose Luis Solache, Council Member
City Council Regular Meeting 1

6. PRESENTATIONS/PROCLAMATIONS

7. COUNCIL RECESS TO:

8. PUBLIC HEARING

8.1 LYNWOOD SPRINGS LLC (AKA- Northgate), AGREEMENT RE OPERATING

COVENANT AND RESTRICTIVE COVENANTS
Update on Law Enforcement Issues
City Council Members Reporting on Meetings Attended (Gov. Code Section 53232.3 (D)).

City Video(s)
Check Presentation by Assemblymember Rendon
Hispanic Heritage Month Proclamation
Lynwood Successor Agency
Lynwood Public Financing Authority

PUBLIC ORAL COMMUNICATIONS

(Regarding Agenda Items Only)

NON-AGENDA PUBLIC ORAL COMMUNICATIONS

THIS PORTION PROVIDES AN OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE

COUNCIL ON ITEMS WITHIN THE JURISDICTION OF THE COUNCIL AND NOT LISTED ON THE AGENDA. IF AN ITEM IS NOT ON THE AGENDA, THERE SHOULD BE NO

SUBSTANTIAL DISCUSSION OF THE ISSUE BY THE COUNCIL, BUT COUNCIL MAY

REFER THE MATTER TO STAFF OR SCHEDULE SUBSTANTIVE DISCUSSION FOR A FUTURE MEETING. (The Ralph M. Brown Act, Government Code Section 54954.2 (a).)

Comments:

Staff recommends that the City Council review and adopt the attached resolution entitled:
“A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, CALIFORNIA

APPROVING OPERATING COVENANT AND RESTRICTIVE COVENANTS
(ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT) PURSUANT TO
GOVERNMENT CODE 53083 BY AND BETWEEN THE CITY OF LYNWOOD AND LYNWOOD SPRINGS LLC” (CD)
Recommendation:

Staff recommends that the City Council review and adopt the attached resolution entitled:
“A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, CALIFORNIA

9. CONSENT CALENDAR

9.1 APPROVAL OF THE WARRANT REGISTER

9.2 TREASURER'S QUARTERLY REPORT

9.3 AWARD OF CONTRACT TO CALIFORNIA PAVING AND GRADING CO., INC. FOR

PARKING LOT PAVEMENT

IMPROVEMENT WORK AT LOS ANGELES COUNTY
FIRE DEPARTMENT FIRE STATION 147. CIP PROJECT NO. 4011.68.119

ALL MATTERS LISTED UNDER THE CONSENT CALENDAR WILL BE ACTED UPON BY ONE MOTION AFFIRMING THE ACTION RECOMMENDED ON THE AGENDA. THERE

WILL BE NO SEPARATE DISCUSSION ON THESE ITEMS PRIOR TO VOTING UNLESS

MEMBERS OF THE COUNCIL OR STAFF REQUEST SPECIFIC ITEMS TO BE REMOVED FROM THE CONSENT CALENDAR FOR SEPARATE ACTION.

Comments:

City of Lynwood warrant register dated September 19,2023 for FY 2023-2024 Recommendation:

Staff respectfully recommends that the City Council of the City of Lynwood approve the warrant register dated September 19,2023 for FY 2023-2024

Comments:

The purpose of this item is to have the Honorable Mayor and the Lynwood City Council review the Treasurer's Quarterly Investment Report as required by State Statutes (CT).

Recommendation:

It is recommended that the City of Lynwood receive and file the attached Quarterly Investment Report. The following information provided in this report highlights the investment activity for the 4th quarter ending June 30, 2023.

Comments:

On August 2, 2023 the city received two proposals for the city owned parking lot pavement improvement work at Los Angeles County Fire Station 147. California Paving and Grading Co., Inc. was the lowest responsible bidder at $53,965.00 for pavement improvement of the back-parking lot at Fire Station 147. (PW) Recommendation:

Staff recommends that the City Council adopt the attached resolution entitled: “ A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AWARDING A CONTRACT TO CALIFORNIA PAVING AND GRADING CO., INC. IN THE AMOUNT OF $53,965.00 FOR THE PAVEMENT IMPROVEMENT OF THE PARKING LOT AT LOS ANGELES COUNTY FIRE DEPARTMENT FIRE STATION 147;

AUTHORIZING THE

CITY MANAGER TO APPROVE AGREEMENT AMENDMENTS RELATED TO THE

PROJECT AND
AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT.”
City Council Regular Meeting 3

9.4 AWARD OF CONTRACT TO DREAMWORK ENGINEERING AND CONSTRUCTION INC. FOR THE REPLACEMENT OF THE APPARATUS BAY CONCRETE FLOOR AND GATE AT LOS ANGELES COUNTY FIRE DEPARTMENT FIRE STATION 147. CIP PROJECT NO. 4011.68.119

10. NEW/OLD BUSINESS

10.1 Adopt Interim Urgency Ordinance No. XXXX establishing a 45-day Moratorium on the Establishment, Expansion, or Modification of Warehouses, Distribution Plants, Truck Storage Facilities and Related Uses within the City of Lynwood

Comments:

On August 28, 2023 the City received two proposals for the replacement of the apparatus bay concrete floor and replacement of the gate at Los Angeles County Fire Station 147.

Dreamwork Engineering and Construction Inc. was the lowest responsible bidder at $84,840.00 for the replacement of the apparatus bay concrete floor and gate at Fire Station 147. (PW)
Recommendation:

Staff recommends that the City Council adopt the attached resolution entitled: “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AWARDING A CONTRACT TO DREAMWORK ENGINEERING AND CONSTRUCTION INC. IN THE AMOUNT OF $84,840.00 FOR THE REPLACEMENT OF THE APPARATUS BAY

CONCRETE FLOOR AND GATE AT LOS ANGELES COUNTY FIRE DEPARTMENT FIRE STATION 147; AUTHORIZING THE CITY MANAGER TO APPROVE

AGREEMENT AMENDMENTS RELATED TO THE PROJECT AND AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT.”

Comments:

Staff recommends that the City Council review and adopt the attached ordinance entitled:
“AN ORDINANCE ESTABLISHING A 45-DAY MORATORIUM ON THE

ESTABLISHMENT, EXPANSION, OR MODIFICATION OF WAREHOUSES,

DISTRIBUTION PLANTS, TRUCK STORAGE FACILITIES AND RELATED USES THAT ARE LOCATED WITHIN THE CITY OF LYNWOOD”. (CD)

Staff also recommends that the City Council Finds that the adoption of the Urgency Ordinance is not a "project" under CEQA Guidelines section 15378(b)(5) or is otherwise exempt under CEQA Guidelines Section 15061(b)(3) or 15308 Recommendation:

Staff recommends that the City Council review and adopt the attached ordinance entitled:
“AN ORDINANCE ESTABLISHING A 45-DAY MORATORIUM ON THE

ESTABLISHMENT, EXPANSION, OR MODIFICATION OF WAREHOUSES, City Council Regular Meeting 4

10.2 AWARD OF CONTRACT TO SEQUEL CONTRACTORS INC. FOR WRIGHT ROAD

STREET IMPROVEMENT PROJECT FROM FERNWOOD AVE TO DUNCAN AVE STPL-5250(034) (CIP PROJECT NO
. 4011.67.911)

11. CITY COUNCIL ORAL AND WRITTEN COMMUNICATION

12. STAFF ORAL COMMENTS

DISTRIBUTION PLANTS, TRUCK STORAGE FACILITIES AND RELATED USES THAT ARE LOCATED WITHIN THE CITY OF LYNWOOD”.

Comments:

Wright Road from Fernwood Avenue to Duncan Avenue is in need of rehabilitation due to its existing poor conditions. Staff has received approval to use Surface Transportation Program-Local funds to improve Wright Road. Staff has prepared plans and specifications for the Wright Road Improvement Project. With City Council’s approval, staff solicited bids for Construction of the Wright Road Improvement Project. Upon review of bids, staff recommends that City Council award the contract to Sequel Contractors, Inc. in the amount of $1,651,900.00. (PW)
Recommendation:

Staff recommends that the City Council adopt the attached resolution entitled: “A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AWARDING a CONTRACT TO SEQUEL CONTRACTORS INC. FOR THE WRIGHT ROAD

STREET

IMPROVEMENT PROJECT FROM FERNWOOD AVENUE TO DUNCAN AVENUE STPL-5250(034) (CIP PROJECT NO. 4011.67.911); AUTHORIZING THE CITY

MANAGER TO APPROVE AGREEMENT AMENDMENTS RELATED TO THE PROJECT

AND AUTHORIZING THE MAYOR

TO EXECUTE THE AGREEMENT.”

ADJOURNMENT

THE NEXT REGULAR MEETING WILL BE HELD ON OCTOBER 4, 2022 AT 6:00 P.M. IN THE COUNCIL CHAMBERS OF THE CITY HALL ANNEX, 11350 BULLIS ROAD, CITY OF LYNWOOD, CALIFORNIA.

City Council Regular Meeting 5

AGENDA STAFF REPORT

DATE:

September 19, 2023
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Gabriel Linares, Community Development Director
SUBJECT:

LYNWOOD SPRINGS LLC (AKA- Northgate), AGREEMENT RE

OPERATING COVENANT AND RESTRICTIVE COVENANTS
Agenda Item # 8.1.

Recommendation:

Staff recommends that the City Council review and adopt the attached resolution entitled: “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD, CALIFORNIA

APPROVING OPERATING COVENANT AND RESTRICTIVE COVENANTS (ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT) PURSUANT TO GOVERNMENT CODE 53083 BY AND BETWEEN THE CITY OF LYNWOOD AND LYNWOOD SPRINGS LLC” Background:

With the adoption of Assembly Bill 562 (“AB 562”), adding Government Code Section 53083, the Governor and Legislature acknowledged the need for cities, counties, and the State, to encourage economic development to increase employment, maintain its existing tax base, and attract and retain certain businesses, by allowing for the provision of economic development subsidies.

City Council City Council Regular Meeting 6
To that end, the City of Lynwood (“City”) and Lynwood Springs, LLC, a California limited liability company (“Developer”) propose to enter into an Agreement re Operating Covenant and Restrictive Covenants (the “Agreement”) as it relates to the property located at 11600 Long Beach Boulevard, Lynwood, County of Los Angeles, State of California (“Property”), which is included herein as Attachment A.

The City Council, Staff and Developer have accomplished many steps to finally arrive at this agreement.

1. The acquisition of multiple properties to finalize the boundaries of the project.

2. Proper relocation of all the tenants of said properties.

3. Petition and received remediation grant over $5 million from DTSC for the environmental remediation work necessary to build on the site

4. Work with the State Water Board EAR Program for petroleum free product removal and obtained $1.5 million for remediation.

5. Receiving approval of the Project thru the Planning Commission Conditional Use Permit process.

6. Negotiate a Owner Participation Agreement (OPA) that will benefit all parties and result in $1.5 Million in infrastructure improvement.

Therefore, by approving the economic development incentive agreement, the Council will take the final action that will help this project come to fruition.

Discussion and Analysis:

The Developer has proposed the re-development of an underutilized and contaminated Property located at 11600 Long Beach Blvd. This property has remained undeveloped and underutilized for many years, due to contamination of soil and litigation issue. The Developer's proposed project would consist of a 38,274 square foot, grocery store (Northgate) offering a variety of freshly prepared foods, beverages, meat, seafood, dairy products, and other household products to the public ("Project" or "Business"), as desired by the Lynwood community, in an area that has been identified as a "food desert" by the USDA.

Pursuant to Government Code Section 53083, the City must provide a written report which generally provides a description/details of the economic development subsidy, projected tax revenue to the City as a result of the subsidy, statement of the public purpose as well as the entity that is the beneficiary of the subsidy (the "Report"). In accordance with Government Code Section 53083, the Report was made available to the public prior to the public hearing and the City Council's review and consideration of approval of the proposed subsidy, a copy of which is included herein as Attachment A:

The Agreement by and between the City and Developer describes the Economic Development Subsidy as an amount not to exceed $1,500,000 throughout the duration of the Operating Period, which is a term of fifteen (15) years, starting on the date the Certificate of Occupancy is issued. The eligibility for the Economic Development Subsidy is premised on the execution of the Covenant Requirements described herein. The Agreement stipulates that the City agrees to pay to the Developer an amount equal to fifty percent (50%) of Sales Tax Revenues generated each year during the Operating Period payable annually on or before July 30th of each year for the preceding calendar year during the Operating Period.

City Council City Council Regular Meeting 7
NG Lynwood Proposed Site Plan.pdf
Lynwood-Economic Development Subsidy Report - Kosmont Companies - final -

8.31.23.docx
Lynwood Springs LLC Operating Covenant and Restrictive Covenant final.docx Exhibit B -Local Hire Plan - VJL Cleanline 09-07-2023 v2.docx Resolution -

As an example, assuming the Developer's estimated gross sales generated on the Property in Calendar Year 2024 is conservatively ~$10,800,000 and the Sales Tax Revenue is equal to

1.75% of gross sales (~$189,000), then the Economic Development Subsidy in Calendar Year 2024 would be approximately $94,000, which is 50% of the amount of the Sales Tax Revenues generated.

Pursuant to the provisions in the Agreement, the Developer must adhere to the Covenant Requirements throughout the duration of the Operating Period, which generally include: the continuous use and operation of the Business and maintain the Property in good order, repair and safe condition; employment of a minimum of eighty (80) full-time and forty (40) part-time employees and use its best efforts to hire and employ qualified City residents through targeted recruiting and/or advertising efforts; and operate the business in conformity with all applicable laws, ordinances, statutes, codes, rules, regulations, orders and decrees of the United States, the State of California, the County of Los Angeles, and the City.

The proposed Agreement with the Developer serves to assist and promote economic development opportunities in the City and facilitate post-COVID economic recovery including the expansion of the City's employment base as well as its tax base (e.g. property and sales tax revenue) and foster a sustainable local economy. The proposed private investment, development, and operation of the proposed Project in the City may also attract additional businesses and investment in the community and enhance key employment areas, which is critical to achieving the goals and objectives outlined in the City's Long Beach Boulevard Specific Plan and General Plan.

Fiscal Impact:

Over a fifteen (15) year period, the City would share up to a maximum amount of $1,500,000 in sales tax revenue with Lynwood Springs, LLC. After 15 years, the City would receive the full

1.75% of sales revenue with no additional rebates. There will be a positive increase in General fund revenue.

Coordinated With:

Finance Committee
City Attorney
ATTACHMENTS:

Description
City Council City Council Regular Meeting 8
Lynwood_Springs_LLC_Operating_Covenant_and_Restrictive_Covenant.docx City Council City Council Regular Meeting 9
8' HIGH CHAIN LINKFENCE
85'-11"
PARCEL 3BUILDING AREA:1300 SFLAND AREA:12,213 SFLOUISE ST.

LYNWOOD RD.

LONG BEACH BLVD.105 ON RAMP
24 10 14
1412 9
14 13
17 7
BIKE-SHELL MODEL 302
BIKE-SHELL MODEL 302
EV
LEWIS ST.

EVEVEVEVEVEVEVEVEVEV

EVEVEVEVEVEVEVEVEVEV EV

EVCSEVCSEVCSEVCS

EVCSEVCSEVEVEVEV
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EVEV
1112
VAN
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NO PARKING
BUILDING A+/- 36,974 SFTYPE III-B5 7
TOTAL: 137 + 68 (EMPLOYEE) = 205 PARKING STALLS
68 (EMPLOYEE) PARKING STALLS
296'-0"
86'-8"
84'-4"35'-8"
54'-2"
35'
74'-6"
74'-6"
49'-6"
5NOPARKING10
34 5
6 8
1 27 9
1314
15 1211
LEWIS ST.

T
1111
BUILDING C+/- 1,300 SFTYPE V-B
3 T
2 (NEW)REMEDIATIONCOMPOUND
EVEVEV

NO PARKINGVAN NO PARKINGVANNO PARKING
25'-0" 9'-0"TYP.18'-0"TYP.
25'-7"
37'-8"
60'-2"
9'-0"TYP.18'-0"TYP.
9'-0"TYP.16'-0"COMPACT
30'-0"FIRE DEPARTMENT ACCESS5'-0"
9'-0"9'-0" 14'-2"9'-0"TYP.18'-0"TYP.
30'-0"FIRE DEPARTMENT ACCESS
5'-0"
5'-0"
9'-0"TYP.25'-0"25'-0"30'-0"25'-0"
20'-0"TYP.
30'-0"
228'-8"SIDEYARD18'-9"
60'-0"
225'-6"FRONT YARD5'-0"32'-9" 5'-0"12'-0"20'-0"TYP.
20'-0"TYP.9'-0"TYP.
78'-1"SIDEYARD
9'-0"TYP.18'-0"TYP.34'-6"5'-0"
49'-6"
8' MONUMENT SIGN
25' PYLONSIGN
8' MONUMENT SIGN144'-3"
100' PYLON SIGN
8' HIGH CHAIN LINKFENCE
PARCEL 2BUILDING AREA: 486SFLAND AREA:31,287 SF
PARCEL 1BUILDING AREA:36,974 SFLAND AREA:115,591 SF
(PROPOSED)WOOD POLE
(PROPOSED)WOOD POLE
(E) SCE POLE(PROPOSED)STEEL POLE

BIKERACKBIKELOCKERS

ENTRY / EXIT

ROLL UPROLL UPDSD
35'-5"
(PROPOSED)WOOD POLE
(PROPOSED)WOOD POLE
(E) SCE POLE
(E) SCE POLE
7'-9"24'-4"
64'-3"
77'-1"36'-11"66'-0"
RESIDENTIALTYPE V-B± 1,771 SF.

RESIDENTIALGARAGETYPE V-B± 788 SF.RESIDENTIALGARAGETYPE V-B± 510 SF.

RESIDENTIALTYPE V-B
RESIDENTIALTYPE V-B± 1,251 SF.

CHURCHTYPE V-B± 2,107 SF.RESIDENTIALTYPE V-BRESIDENTIALTYPE V-B RESIDENTIALGARAGETYPE V-B± 380 SF.(PROPOSED)WOOD POLE
(PROPOSED)WOOD POLE
(PROPOSED)WOOD POLE(PROPOSED)WOOD POLE
(PROPOSED)WOOD POLEPROPERTY LINE
236'-2"

PROPERTY LINE
9'-0"TYP.20'-0"TYP.
7'-0"
+/- 237'-2"FROM (E) SCE POLETO (E) SCE POLE
ADJ. LOTNOT A PART
25'-0"
25'-0"
+/- 286'-5"FROM (E) SCE POLETO (E) SCE POLE
4'-4"
"NO PARKINGFIRE LANE"
1SITE PLAN1" = 20'-0"

LOADING AREA
26'-6"
25'-0" 13'-0"

BIKERACK
RE:NOTE: TEXT WITH STRIKETHROUGH IS NOT USED.CPROJECT INFORMATIONSP.1OWNERNORTHGATE MARKET1201 N. MAGNOLIA AVENUE, ANAHEIM, CA 92801MARCO ARZOLAT (714) [email protected] ARCHITECTURE801 S MYRTLE AVENUE, LOS ANGELES, CA 91006KEVIN LET (626) [email protected]@le-architecture.comSITE INFORMATIONADDRESS:LONG BEACH BLVD. & 105 FWY., LONG BEACH, CAASSESSOR PARCEL #:6175-002-001, 6175-002-002, 6175-002-003, 6175-002-004, 6175-002-005, 6175-002-028, 6175-009-005, 6175-009-006, 6175-009-007, 6175-009-008, 6175-009-025, 6175-003-013, 6175-003-014, 6175-003-015, 6175-003-017, 6175-003-018EXISTING LOT AREA:135,830 SF OR 3.1 ACRESPROPOSED LOT AREA:164,657 SF OR 3.78 ACRESBUILDING DATA:(N) NORTHGATE MARKETCONSTRUCTION TYPE:TYPE III, BGROUP:M (MERCANTILE)SPRINKLER:AUTOMATIC FIRE SPRINKLER SYSTEMEXTERIOR WALL:MASONRY, LIGHT DASH STUCCOROOF MATERIAL:T.P.O. / CLAY TILE(N) DRIVE-THRU PADCONSTRUCTION TYPE:TYPE V, BGROUP:RESTAURANTSPRINKLER:DEFERRED SUBMITTALEXTERIOR WALL: STICK FRAME, LIGHT DASH STUCCOROOF MATERIAL:T.P.O.ZONINGSP (SPECIFIC PLAN) BUILDING AREA:(N) NORTHGATE MARKET= +/- 36,974 SF(N) DRIVE-THRU PAD= +/- 1,300 SFTOTAL BLDG. AREA= +/- 38,274 SFSPECIFIC PLAN AREA:LYNWOOD TRANSIT AREA SPECIFIC PLAN - LONG BEACH BLVD. CORRIDOR MIXED USE - IFAR0.7 SETBACKS:FRONT: - SIDE STREET:0'-5'SIDE YARD:0' MIN.REAR SETBACKS:5' MIN.LANDSCAPE:7% MIN. LANDSCAPE OF PROJECT AREA;5% MIN. LANDSCAPE OF PARKING AREA;(1) TREE FOR EACH (5) PARKING SPACES.TREES SHALL BE AT LEAST (15) GALLONS.SHRUBS SHALL BE AT LEAST (5) GALLONS.LAWN SHALL BE OF SOD AND COVER THE EXPOSED AREA.LANDSCAPE REQUIRED:43,290 x 7% = 3,030 SFLANDSCAPE PROVIDED:8,587 SF > 3,030 SF; COMPLIESLAND USE REGULATIONS:BUILDING HEIGHT:18' MAX GROUND FLOOR; UP TO 3 STORIES;25% SPACE MAY BE 4 STORIES.EASEMENTS:SCE 16' ON CENTER FOR STEEL AND WOOD POLEARCHITECTURAL ENCROACHMENTS:EAVE: 3' MAX INTO ALL SETBACK AREASDRIVEWAY WIDTH:ONE WAY DRIVEWAY: MIN. 20'TWO WAY DRIVEWAY: MIN. 25' PARKING PLACEMENT:STREET SETBACKS: REAR 50% OF THE LOT DEPTHSIDE STREET:20' MIN. W/O ALLEY, 5' MIN. W/ ALLEYSIDE YARD:5' MIN.REAR SETBACKS:5' MIN.PARKING STALLS:STANDARD STALLS10'-0" X 20'-0"COMPACTNOT PERMITTEDPARKING REQUIRED:COMMERCIAL: 1/400SF = 36,974 SF (1/400SF)= 92 STALLSRESTAURANT: 1/100SF = 1,300SF (1/100SF) = 13 STALLSTOTAL PARKING REQ'D. = 105 STALLSTOTAL PARKING PROVIDED:205 STALLS; COMPLIESADA REQUIRED PER CBC 11B-208.2:7 STALLS (FOR 201-300 STALLS)ADA PROVIDED:7 STALLS; COMPLIESPARKING RATIO38,274 SF / 205 STALLS = 1/186 SFBICYCLE:- MIN. (4) IS ALWAYS REQUIRED.- RETAIL MIN. 10% OF REQUIRED PARKING; 14 STALLS REQ'D. * 10% = 1.4 OR 2 REQUIRED; 2 PROVIDED; COMPLIES.

RE:NOTE: TEXT WITH STRIKETHROUGH IS NOT USED.AVICINITY MAPSP.1

UNDERGROUND GREASEINTERCEPTOR

LIGHT STANDARD/ POWERPOLETTRANSFORMER

TRASH ENCLOSURELIGHT POLE
G.I.

CATCH BASINCB

EFHEXISTING FIRE HYDRANT

LANDSCAPED AREA

ACCESSIBLE PARKINGSTALL

VANVAN-ACCESSIBLEPARKING STALLMHSEWER MAN HOLE

PARKING COUNTACCESSIBLE PATH OFTRAVEL

FIRE LANE
BLEGENDRE: SP.1, SITE PLANNOTE: TEXT WITH STRIKETHROUGH IS NOT USED.

PRIVATE DRIVEWAY& FIRE LANE(RE: NOTE #3 UNDER 'ACCESSREQUIREMENTS' #
(E) PARCEL LINE(N) PARCEL LINE(E) PROPERTY LINE(N) PROPERTY LINEANCHOR (STRAIGHT)(PROPOSED) SCE POLE(E) SCE POLE

TRANSMISSION CONDUITDISTRIBUTION CONDUIT

CONTAMINATED AREA
ACCESS REQUIREMENTS:1.EVERY BUILDING CONSTRUCTED SHALL BE ACCESSIBLE TO FIRE DEPARTMENT APPARATUS BYWAY OF ACCESS ROADWAYS, WITH AN ALL-WEATHER SURFACE OF NOT LESS THAN THEPRESCRIBED WIDTH. THE ROADWAY SHALL BE EXTENDED TO WITHIN 150 FEET OF ALL PORTIONSOF THE EXTERIOR WALLS WHEN MEASURED BY AN UNOBSTRUCTED ROUTE AROUND THEEXTERIOR OF THE BUILDING.2.BUILDINGS AND FACILITIES: APPROVED FIRE APPARATUS ACCESS ROADS SHALL BE PROVIDEDFOR EVERY FACILITY, BUILDING OR PORTION OF A BUILDING HEREAFTER CONSTRUCTED ORMOVED INTO OR WITHIN THE JURISDICTION. THE FIRE APPARATUS ACCESS ROAD SHALL COMPLYWITH THE REQUIREMENTS OF THIS SECTION AND SHALL EXTENT TO WITHIN 150 FEET (45 720 MM)OF ALL PORTIONS OF THE FACILITY AND ALL PORTIONS OF THE EXTERIOR WALLS OF THE FIRSTSTORY OF THE BUILDING AS MEASURED BY AN APPROVED ROUTE AROUND THE EXTERIOR OFTHE BUILDING OR FACILITY.2016 COUNTY OF LOS ANGELES FIRE CODE SECTION 503 SECTION503.1.1.3.ALL ON-SITE FIRE DEPARTMENT VEHICULAR ACCESS ROADS SHALL BE LABELED AS "PRIVATEDRIVEWAY AND FIRE LANE" ON THE SITE PLAN/EXHIBIT, TENTATIVE MAP AND FINAL MAP ALONGWITH THE WIDTHS CLEARLY DEPICTED ON THE PLAN. LABELING IS NECESSARY TO ASSURE THEACCESS AVAILABILITY FOR FIRE DEPARTMENT USE. THE DESIGNATION ALLOWS FORAPPROPRIATE SIGNAGE PROHIBITING PARKING.4.FIRE DEPARTMENT VEHICULAR ACCESS ROADS MUST BE INSTALLED AND MAINTAINED IN ASERVICEABLE MANNER PRIOR TO AND DURING THE TIME OF CONSTRUCTION. FIRE CODE 501.4.5.ALL FIRE LANES SHALL BE CLEAR OF ALL ENCROACHMENTS, AND SHALL BE MAINTAINED INACCORDANCE WITH THE TITLE 32, COUNTY OF LOS ANGELES FIRE CODE.6.THE FIRE APPARATUS ACCESS ROADS AND DESIGNATED FIRE LANES SHALL BE MEASUREDFROM FLOW LINE TO FLOW LINE.7.MAINTAIN A MINIMUM UNOBSTRUCTED WIDTH OF 28 FEET, EXCLUSIVE OF SHOULDERS, EXCEPTFOR APPROVED SECURITY GATES IN ACCORDANCE WITH SECTION 503.6, AND ANUNOBSTRUCTED VERTICAL CLEARANCE "CLEAR O SKY" FIRE DEPARTMENT VEHICULAR ACCESSTO WITHIN 150 FEET OF ALL PORTIONS OF THE EXTERIOR WALLS OF THE FIRST STORY OF THEBUILDING, AS MEASURED BY AN APPROVED ROUTE AROUND THE EXTERIOR OF THE BUILDINGWHEN THE HEIGHT OF THE BUILDING ABOVE THE LOWEST LEVEL OF THE FIRE DEPARTMENTVEHICULAR ACCESS ROAD IS MORE THAN 30 FEET HIGH, OR THE BUILDING IS MORE THAN THREESTORIES. THE ACCESS ROADWAY SHALL BE LOCATED A MINIMUM OF 15 FEET AND A MAXIMUMOF 30 FEET FROM THE BUILDING, AND SHALL BE POSITIONED PARALLEL TO ONE ENTIRE SIDE OFTHE BUILDING. THE SIDE OF THE BUILDING ON WHICH THE AERIAL FIRE APPARATUS ACCESSROAD IS POSITIONED SHALL BE APPROVED BY THE FIRE CODE OFFICIAL. FIRE CODE 503.1.1 ANDCROSS HATCH THE FIRE DEPARTMENT VEHICULAR ACCESS ON THE SITE PLAN AND CLEARLYDEPICT THE REQUIRED WIDTH.8.FIRE APPARATUS ACCESS ROADS SHALL BE DESIGNED AND MAINTAINED TO SUPPORT THEIMPOSED LOAD OF FIRE APPARATUS WEIGHING 37 1/2 TONS AND SHALL BE SURFACED SO AS TOPROVIDE ALL-WEATHER DRIVING CAPABILITIES. FIRE APPARATUS ACCESS ROADS HAVING AGRADE OF 10 PERCENT OR GREATER SHALL HAVE A PAVED OR CONCRETE SURFACE. FIRE CODE503.2.3.9.PROVIDE APPROVED SIGNS OR OTHER APPROVED NOTICES OR MARKINGS THAT INCLUDE THEWORDS "NO PARKING - FIRE LANE". SIGNS SHALL HAVE A MINIMUM DIMENSION OF 12 INCHESWIDE BY 18 INCHES HIGH AND HAVE RED LETTERS ON A WHITE REFLECTIVE BACKGROUND.SIGNS SHALL BE PROVIDED FOR FIRE APPARATUS ACCESS ROADS, TO CLEARLY INDICATE THEENTRANCE TO SUCH ROAD, OR PROHIBIT THE OBSTRUCTION THEREOF AND AT INTERVALS, ASREQUIRED BY THE FIRE INSPECTOR. FIRE CODE 503.3.10.A MINIMUM 5 FOOT WIDE APPROVED FIREFIGHTER ACCESS WALKWAY LEADING FROM THE FIREDEPARTMENT ACCESS ROAD TO ALL REQUIRED OPENINGS IN THE BUILDING'S EXTERIOR WALLSSHALL BE PROVIDED FOR FIREFIGHTING AND RESCUE PURPOSES. FIRE CODE 504.111.FIRE APPARATUS ACCESS ROADS SHALL NOT BE OBSTRUCTED IN ANY MANNER, INCLUDING THEPARKING OF VEHICLES, OR THE USE OF TRAFFIC CALMING DEVICES, INCLUDING BUT NOTLIMITED TO, SPEED BUMPS OR SPEED HUMPS. THE MINIMUM WIDTHS AND CLEARANCESESTABLISHED IN SECTION 503.2.1 SHALL BE MAINTAINED AT ALL TIMES. FIRE CODE 503.4 WATER SYSTEM REQUIREMENTS:1.ALL REQUIRED FIRE HYDRANTS SHALL BE INSTALLED PER THE COUNTY OF LOS ANGELES FIREDEPARTMENT REGULATION 8 HYDRANT SPECIFICATIONS AND REGULATION 7. VEHICULARACCESS SHALL BE PROVIDED AND MAINTAINED SERVICEABLE THROUGHOUT CONSTRUCTION TOALL REQUIRED FIRE HYDRANTS. ALL REQUIRED FIRE HYDRANTS SHALL BE INSTALLED, TESTEDAND ACCEPTED PRIOR TO CONSTRUCTION. ALL REQUIRED FIRE HYDRANTS SHALL BE INSTALLED,TESTED AND ACCEPTED OR BONDED FOR, PRIOR TO FINAL MAP CLEARANCE FOR RECORDATION.2.WHERE FIRE APPARATUS ACCESS ROADS OR A WATER SUPPLY FOR FIRE PROTECTION AREREQUIRED TO BE INSTALLED, SUCH PROTECTION SHALL BE INSTALLED AND MADE SERVICEABLEPRIOR TO AND DURING THE TIME OF CONSTRUCTION EXCEPT WHEN APPROVED ALTERNATIVEMETHODS OF PROTECTION ARE PROVIDED. TEMPORARY STREET SIGNS SHALL BE INSTALLED ATEACH STREET INTERSECTION WHERE CONSTRUCTION OF NEW ROADWAYS ALLOWS PASSAGEBY VEHICLES IN ACCORDANCE WITH SECTION 205.23.WATER SYSTEM IMPROVEMENT PLANS FOR THE REQUIRED PUBLIC FIREHYDRANT SHALLBE SUBMITTED THROUGH THE WATER PURVEYOR THAT SERVES THE PROPERTY THROUGHEPICLA.LACOUNTY.GOV4.WHERE FIRE APPARATUS ACCESS ROADS OR A WATER SUPPLY FOR FIRE PROTECTION AREREQUIRED TO BE INSTALLED, SUCH PROTECTION SHALL BE INSTALLED AND MADE SERVICEABLEPRIOR TO AND DURING THE TIME OF CONSTRUCTION EXCEPT WHEN APPROVED ALTERNATIVEMETHODS OF PROTECTION ARE PROVIDED. TEMPORARY STREET SIGNS SHALL BE INSTALLED ATEACH STREET INTERSECTION WHERE CONSTRUCTION OF NEW ROADWAYS ALLOWS PASSAGEBY VEHICLES IN ACCORDANCE WITH SECTION 205.25.PRIVATE ON-SITE FIRE HYDRANT PLANS SHALL BE SUBMITTED TO THE COUNTY OF LOS ANGELESFIRE DEPARTMENT FIRE PREVENTION ENGINEERING SECTION SPRINKLER UNIT FOR REVIEWAND APPROVAL. (323)890-4125.6.ALL REQUIRED FIRE HYDRANTS SHALL BE INSTALLED PER THE COUNTY OF LOS ANGELES FIREDEPARTMENT REGULATION 8 HYDRANT SPECIFICATIONS AND REGULATION 7.7.VEHICULAR ACCESS SHALL BE PROVIDED AND MAINTAINED SERVICEABLE THROUGHOUTCONSTRUCTION TO ALL REQUIRED FIRE HYDRANTS. ALL REQUIRED FIRE HYDRANTS SHALL BEINSTALLED, TESTED, AND ACCEPTED PRIOR TO CONSTRUCTION.8.ALL REQUIRED FIRE HYDRANTS SHALL BE INSTALLED, TESTED AND ACCEPTED OR BONDED FOR,PRIOR TO FINAL MAP CLEARANCE FOR RECORDATION.9.FOR ALL OCCUPANCIES OTHER THAN ONE AND TWO -FAMILY DWELLINGS, AND GROUP R-3BUILDINGS, INCLUDING COMMERCIAL, INDUSTRIAL, MULTI-FAMILY DWELLINGS, PRIVATESCHOOLS, AND INSTITUTIONS, FIRE HYDRANT SPACING SHALL BE 300 FEET (91.44M). NO PORTIONOF LOT FRONTAGE SHALL BE MORE THAN 200 FEET (60.96M) FROM, VIA VEHICULAR ACCESS, APUBLIC HYDRANT. NO PORTION OF A BUILDING SHALL BE MORE THAN 400 FEET (121.92M) FROM,VIA VEHICULAR ACCESS, A PROPERLY SPACED PUBLIC HYDRANT.10.ALL FIRE HYDRANTS SHALL MEASURE 6" x 4" x 2-1/2" BRASS OR BRONZE, CONFORMING TOCURRENT AWWA STANDARD C503 OR APPROVED EQUAL, AND SHALL BE INSTALLED INACCORDANCE WITH THE COUNTY OF LOS ANGELES FIRE CODE.11.THE REQUIRED FIRE FLOW FOR THE PUBLIC FIRE HYDRANTS FOR THIS PROJECT IS 2,125 GPMFOR AT 2 HOUR DURATION AT 20 PSI.12.ALL REQUIRED PUBLIC FIRE HYDRANTS SHALL BE INSTALLED, TESTED AND ACCEPTED PRIOR TOBEGINNING CONSTRUCTION. FIRE CODE 501.413.AN APPROVED AUTOMATIC FIRE SPRINKLER SYSTEM IS REQUIRED FOR THE PROPOSEDBUILDINGS WITHIN THIS DEVELOPMENT. SUBMIT DESIGN PLANS TO THE FIRE DEPARTMENTSPRINKLER PLAN CHECK UNIT FOR REVIEW AND APPROVAL PRIOR TO INSTALLATION.

RE:NOTE: TEXT WITH STRIKETHROUGH IS NOT USED.DFIRE DEPARTMENT NOTESSP.1 - SITE PLAN _
PROJECT NO.:OWNER/AGENCY:BID ISSUE:CONSTRUCTION ISSUE:

W:\18-007.02_NG 000 Lynwood, CA\Entitlement\_NG ##_SP.1 Proposed Site Plan_Option 1.dwg August 02, 2023 - 2:58pm Plot by: adriannaRUSE OF DRAWINGS AND COPYRIGHT NOTICE: Use of these drawings and specifications is restricted to the original project site for which they were intended. Re-use or reproduction by any method, in whole or in part, is prohibited unless the expressed written consent is provided by LE ARCHITECTURE INC. Title to drawings and specifications including all designs, ideas and information remains with LE ARCHITECTURE INC. Visual contact with these drawings and specifications shall constitute prima facie evidence of the acceptance of these restrictions.

REVISIONS:DATE:DATE:DATE:DATE:DATE:

BY:BY:BY:BY:BY:
____
LOS ALTOS XIX, LP1201 N. MAGNOLIA AVENUEANAHEIM, CA 92801T 714 | 778.3784 © 2018 LE ARCHITECTURE INC.

SHEET TITLE
PROJECT MANAGER:PROJECT ARCHITECT:DRAWN BY:CHECKED BY:DRAWING SCALE:

NG 047LYNWOOD105 & LONG BEACH BLVD.,LYNWOOD, CA
LE ARCHITECTURE801 SOUTH MYRTLE AVENUELOS ANGELES, CA 91016T 626 | [email protected]

PROJECT

ARCHITECT
OWNER

CONSULTANT
DATE:DATE:DATE:DATE:

BY:BY:BY:BY:
____DATE:DATE:DATE:DATE:

BY:BY:BY:BY:
____

AGENCY APPROVALS

MILESTONE
18-007.02

MBKLKL/AR
1PLAN CHANGE06/09/2023 AR
SP.1
AR

SITE PLAN

AS NOTED
LYNWOOD RD.LEWIS ST.

OLIVE ST.SCHOOL ST.

LOUISE ST.JOSEPHINE ST.

LOUISE ST.JOSEPHINE ST.LYNWOOD RD.VIRGINIA AVE.
105 ON RAMP
105105
LONG BEACH BLVD.

JOSEPHINE ST.

LEWIS ST.

FIR ST.

PROJECT SITE
10 CITY OF LYNWOOD

ECONOMIC DEVELOPMENT

SUBSIDY REPORT
Pursuant to Government Code Section 53083
Prepared By:

KOSMONT COMPANIES
2301 Rosecrans Ave, Suite 4140
El Segundo, CA 90245
Telephone: (424) 297-1070
www.kosmont.com
August 11, 2023
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Table of Contents

1.0 Introduction...................................................................................... 3

1.1 Economic Development Subsidy Overview .............................................. 3 A. Background & Purpose ......................................................................................3 B. Description of Agreement & Related Requirements............................................3 C. Additional Considerations...................................................................................4

1.2 Legal Requirements .................................................................................... 4

2.0 Economic Development Subsidy Report .......................................7

2.1 Reporting Requirements............................................................................. 7 A. Name and Address of Corporation .....................................................................7 B. Subsidy Schedule...............................................................................................7 C. Subsidy Description............................................................................................7 D. Statement of Public Purpose for Subsidy .........................................................10 E. Projected Tax Revenue to City of Lynwood......................................................11 F. Estimated Number of Jobs ...............................................................................11 12 CITY OF LYNWOOD ECONOMIC DEVELOPMENT SUBSIDY REPORT

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1.0 Introduction

1.1 Economic Development Subsidy Overview
With the adoption of Assembly Bill 562 (“AB 562”), adding Government Code Section 53083, the Governor and Legislature acknowledged the need for cities, counties, and the State, to encourage economic development to increase employment, maintain its existing tax base, and attract and retain certain businesses, by allowing for the provision of economic development subsidies. To that end, the City of Lynwood (“City”) and Lynwood Springs, LLC, a California limited liability company (“Developer”) propose to enter into an Agreement re Operating Covenant and Restrictive Covenants (the “Agreement”) as it relates to the property located at 11700 Long Beach Boulevard, Lynwood, County of Los Angeles, State of California (Los Angeles County Assessor Parcel Numbers (“APNs”): 6175-002-001; 6175-002-002; 6175-002-003; 6175-009-006; 6175- 002-004; 6175-002-005; 6175-002-028; 6175-003-013; 6175-003-014; 6175-003-015; 6175-003- 017; 6175-003-018; 6175-009-005; 6175-009-007; 6175-009-008; and 6175-009-025 (“Property”).

Government Code Section 53083 provides that on and after January 1, 2014, each local agency shall, before approving any economic development subsidy in an amount of $100,000 or more within its jurisdiction, conduct a public hearing and provide specific information in written form to the public prior to approving an economic development subsidy. The preparation of this Report is meant to satisfy the requirements under Government Code Section 53083, which is to be made available to the public prior to the approval of the proposed Agreement and economic development subsidy.

A. Background & Purpose
Over the last ten years, there have been no shortage of disruptions to the commercial real estate industry due to the Great Recession of 2008, rapid growth of e-commerce (e.g., Amazon) versus brick and mortar, and, most recently, the COVID-19 pandemic, which have put strains on local economies. Further, Redevelopment was a powerful local economic development program for cities that was eliminated in California in 2012.

In response to these shifts and disruptions, the City finds it necessary to identify, develop and evaluate alternative strategies for economic development, which includes, but is not limited to, entering into certain operating and restrictive covenants that serve to retain and attract growing businesses, create jobs, and promote a sustainable and growing tax base in the City applying, as appropriate, certain tax and revenue reimbursement methods based on performance once operations are installed as required.

B. Description of Agreement & Related Requirements
The provisions in the Agreement between the Developer and the City require the Developer to adhere to certain Operating and Restrictive Covenants (“Covenant Requirements”). The Covenant Requirements generally stipulate that it: (i) remain in operation in the City for a fifteen (15) year term after the issuance of the Certificate of Occupancy by the City of Lynwood 13 CITY OF LYNWOOD ECONOMIC DEVELOPMENT SUBSIDY REPORT

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(“Operating Period”); (ii) employ a minimum of one hundred and thirty (130) full-time employees and eighty (80) part-time employees, and (iii) comply with all applicable federal, state and local occupational safety and health laws, rules, regulations and standards, applicable state and labor standards, applicable prevailing wage requirements, building, plumbing, mechanical and electrical codes, as they apply to the Property.

In exchange for satisfying the Covenant Requirements, the City shall make a payment of a Covenants Consideration (“Economic Development Subsidy”) not to exceed $1,500,000 over the duration of the Operating Period. The Agreement also identifies specific conditions prior to Developer’s receipt of the Economic Development Subsidy (“Conditions Precedent”). Eligibility for the Economic Development Subsidy is triggered subsequent to the Developer achieving Conditions Precedent such as compliance with any applicable entitlements and possession of a valid business license.

C. Additional Considerations
The Developer has proposed the re-development of an underutilized and contaminated Property that has remained undeveloped for many years. The Developer’s proposed project would consist of a 36,974 square foot, grocery store offering a variety of freshly prepared foods, beverages, meat, seafood, dairy products, and other household products to the public (“Project” or “Business”), as desired by the Lynwood community, in an area that has been identified as a “food desert” by the USDA.

The proposed Agreement with the Developer serves to assist and promote economic development opportunities in the City and facilitate post-COVID economic recovery including the expansion of the City’s employment base as well as its tax base (e.g. property and sales tax revenue) and foster a business environment that may attract additional businesses and investment in the community, which is critical to achieving the goals and objectives outlined in the City’s Long Beach Boulevard Specific Plan and General Plan.

1.2 Legal Requirements
Pursuant to Government Code Section 53083, all of the following information must be provided in written form available to the public, and through its Internet website, if applicable, prior to the approval of the Economic Development Subsidy:

A. The name and address of all corporations or any other business entities, except for sole proprietorships, that are the beneficiary of the economic development subsidy, if applicable;
B. The start and end dates and schedule, if applicable, for the economic development subsidy;
C. A description of the economic development subsidy, including the estimated total amount of the expenditure of public funds by, or of revenues lost to, the local agency as a result of the economic development subsidy;
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D. A statement of the public purpose for the economic development subsidy; E. Projected tax revenue to the local agency as a result of the economic development subsidy; and
F. Estimated number of jobs created by the economic development subsidy, broken down by full-time, part-time, and temporary positions.

In compliance with Government Code Section 53083, the following sections of this Report provide the required information, which detail the aspects of the Agreement by and between the City and the Developer and the analysis necessary to determine the projected revenue generated by the Developer to the City as part of its ongoing economic development goals and objectives. Exhibit 1, which follows, provides an aerial of the location of the subject Property. 15 CITY OF LYNWOOD ECONOMIC DEVELOPMENT SUBSIDY REPORT

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Exhibit 1: Site Aerial Map
Sources: Google Earth (2023) and Los Angeles County Assessor. Note: Property boundary is approximated. 16 CITY OF LYNWOOD ECONOMIC DEVELOPMENT SUBSIDY REPORT

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2.0 Economic Development Subsidy Report

2.1 Reporting Requirements
In accordance with Government Code Section 53083, the following subsections provide the information and details of the Agreement by and between the City and the Developer. The Report shall remain available to the public and posted on the City’s website until the end date of the Agreement, which is more fully described herein.

A. Name and Address of Corporation
The name and address of all corporations or any other business entities, except for sole proprietorships, that are the beneficiary of the economic development subsidy.

Corporation Name: Lynwood Springs, LLC, a California limited liability company Principal Address: 40 Pacifica, Suite 1500, Irvine, CA 92618 Affiliated Companies: Not applicable
B. Subsidy Schedule
The start and end dates and schedule, if applicable, for the economic development subsidy.

Pursuant to the Agreement, if approved, the commencement date for the provision of the Economic Development Subsidy to Developer shall be on the day in which the Conditions Precedent are satisfied as described in greater detail herein.

The Economic Development Subsidy that the City will provide to Developer will conclude at the end of the Agreement’s Operating Period (15 year term) or when the subsidy amount provided to the Developer totals $1,500,000, whichever occurs first.

C. Subsidy Description
A description of the economic development subsidy, including the estimated total amount of the expenditure of public funds by, or of revenues lost to, the local agency as a result of the economic development subsidy.

Overview
The Agreement by and between the City and Developer describes the Economic Development Subsidy as an amount not to exceed $1,500,000 throughout the duration of the Operating Period, the eligibility for which is premised on the execution of the Covenant Requirements described herein. The amount of the Economic Development Subsidy payment due to the Developer is based upon the total sales tax revenues paid and received by the City as shown below (“Sales Tax Revenues”):

1. The Bradley-Burns Uniform Local Sales and Use Tax Law, commencing with Section 7200 of the Revenue and Taxation Code of the State of California, as amended and Use Tax Law (commencing with Section 6000 of the California Revenue and Taxation Code);
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2. The City Transaction and Use Tax approved by voters on November 5, 2019 (and adopted and codified under Lynwood Municipal Code Section 6-2.9 3.32 entitled Transaction and Use Tax); and/or

3. Any successor law(s) or amendment(s) thereto, that arises from, including but not limited to, taxable sales, services, and lease transactions generated.

Covenant Requirements
Pursuant to the provisions in the Agreement, the Developer must adhere to the Covenant Requirements, generally described below, throughout the duration of the Operating Period:

1. Continuously use and operate, or shall cause and allow for the continuous use and operation of the Business on the Property;

2. Allow for the Business to operate with inventory and sales personnel sufficient to satisfy and respond to customer demand and, to the maximum extent permitted by law, and in compliance with Government Code § 53084.5, shall designate the Property on its sales tax statements as the point-of-sale for all sales transactions arising out of or generated from the Business conducted on the Property;

3. Developer shall designate the Property on its Sales Tax Statements as the point-of-sale for all sales transactions arising out of or generated from the Business conducted on the Property;

4. Shall employ a minimum of one hundred and thirty (130) full-time employees and eighty (80) part-time employees at the Business, during the Operating Period, and use its best efforts to hire and employ qualified City residents at the Business through targeted recruiting and/or advertising efforts within the City;

5. During the entire Operating Period, the Developer, at its sole cost and expense, shall maintain, or shall cause the maintenance of, the Property;

6. Developer shall not abandon, or allow for the abandonment of, any portion of the Property or leave the Property unguarded or unprotected, and shall not otherwise act or fail to act in such a way as to unreasonably increase the risk of any damage to the Property or of any other impairment of City’s interest set forth in the Agreement;

7. Developer shall carry out the operation of the Business in substantial conformity with all applicable laws, ordinances, statutes, codes, rules, regulations, orders and decrees of the United States, the State of California, the County of Los Angeles, the City or any other political subdivision in which the Property is located, and of any other political subdivision; and

8. Developer shall: (i) use the Property for its Business and for no other purpose, in compliance with this Agreement, applicable entitlements, and applicable provisions of the 18 CITY OF LYNWOOD ECONOMIC DEVELOPMENT SUBSIDY REPORT

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City’s Municipal Code; (ii) keep and maintain the Property and the improvements thereon and all facilities appurtenant thereto, in good order and repair and safe condition, and the whole of the Property, in a clean, sanitary, and orderly condition free from debris, graffiti and waste materials.

Conditions Precedent
As mentioned previously in this Report, eligibility for economic assistance is subsequent to the development of the Project and tenant occupancy with the Developer having achieved the Conditions Precedent, generally described below:

1. Possession of a valid business license as required by the Lynwood Municipal Code; and

2. Compliance with any applicable entitlements, which shall mean those discretionary City land use permits and approvals (including all conditions of approval therein) required to authorize any construction, use, and operation of any improvements made on the Property, as the same may be amended from time to time; provided, however, that the City shall advise the Developer immediately in the event it is aware of, or has reason to believe there is, any existing noncompliance with applicable entitlements.

Post Occupancy Performance Based Requirements & Subsidy Calculation The Agreement stipulates that the City agrees to pay to the Developer an amount equal to fifty percent (50%) of Sales Tax Revenues generated each year during the Operating Period payable annually on or before July 30th of each year for the preceding calendar year during the Operating Period.

A projection of gross sales tax collections directly attributable to the proposed Project were estimated over the post occupancy Operating Period (15 years) using an annual 3% escalation and calculated by applying the aforementioned percentage (50%) in accordance with the Agreement to derive the Economic Development Subsidy amounts.

Assuming that the Developer’s estimated gross sales generated on the Property in Calendar Year 2024 is conservatively ~$10,800,000 and the Sales Tax Revenue is equal to 1.75% of gross sales (~$189,000), which includes all applicable Sales Tax Revenues as defined herein.

In that event, the Economic Development Subsidy in Calendar Year 2024 would be approximately $94,000, which is 50% of the amount of the Sales Tax Revenues. It should be noted that the Sales Tax Revenues provided herein are a conservative estimate based on Kosmont’s initial review and evaluation of projections from the Developer and industry standard averages for sales tax revenue per square foot.

In the event that any payment to the Developer required under the Agreement covers less than a full annual period, then the amount of the Economic Development Subsidy for said partial annual period shall be calculated by multiplying the total Sales Tax Revenues equivalency for the entire annual period (assuming that the Developer was entitled to receive Sales Tax Revenues for the annual period) by a fraction in which the numerator equals the number of days in such semi-annual period included within the period of City’s payment obligation and in which the denominator is 365.
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D. Statement of Public Purpose for Subsidy
The Economic Development Subsidy that the City intends to provide to the Developer, pursuant to the terms of the Agreement, constitutes a valid public purpose that is consistent with the following goals and objectives of the City’s Long Beach Boulevard Specific Plan and General Plan:
 Create additional opportunities to increase in sales taxes  Provide Lynwood businesses with a selection of programs and partnership opportunities to enhance their business enterprises
 Provide a base for economic vitality for the future.
 Promote employment opportunities at all levels of ability and expertise.  Encourage the development of new commercial and retail uses in locations where they can most efficiently provide Lynwood residents with needed products and services The Economic Development Subsidy is one such economic development tool that will help facilitate the continued operation and accelerated acquisition, improvement, and development of the proposed Project in the City, thereby creating the potential for increased sales tax revenues and employment opportunities for local residents and promoting an improved quality of life locally.

As identified herein, the Developer has proposed the re-development of an underutilized and contaminated site located to the north and east of 11700 Long Beach Blvd, just south of the I-105 Freeway in Lynwood, CA. The proposed project would consist of a full-service grocery store (Northgate Market) and Starbucks desired by the Lynwood community, in an area that has been identified as a “food desert” by the USDA.

The proposed project is anticipated to serve a community of 69,000 Lynwood residents, as well as the 97,000 residents in adjoining Compton and 38,000 residents in Watts and is estimated to conservatively generate approximately $189,000 in annual sales tax for the City.

The City believes that the proposed project as envisioned will support the advancement of its economic development goals and objectives.

Northgate Markets works with a host of non-profit organizations and will provide other community benefits including but limited to free health clinics, free breast cancer screenings, free testing and vaccinations, free nutritional programs and healthy cooking classes, food donations to help community members facing food insecurity, including special gifts at Thanksgiving and “surprise and delight” gifts to needy families in the community.

Northgate Markets also provide educational scholarships and programs for elementary school children featuring store tours and promoting healthy eating. The community will also enjoy celebrations of cultural events including Dia de los Niños, Cinco de Mayo, Dia de los Muertos, and Christmas posadas. Finally, Northgate Markets also provide sponsorships for local community groups and faith-based organizations, focused on helping children and offering support for school bands, and youth sports teams/organizations. 20 CITY OF LYNWOOD ECONOMIC DEVELOPMENT SUBSIDY REPORT

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The proposed Agreement would help support the Developer’s investment and operation in the City, which will help foster and encourage a sustainable local economy including increased investment and improvement opportunities for existing surrounding commercial and businesses as well as a sustainable stream of revenue, namely property and sales tax revenue, to support the City’s General Fund and provide critical public infrastructure and civic services to the community as well as encourage business expansion to further enhance the City’s key employment areas.

E. Projected Tax Revenue to City of Lynwood
Based upon a review of projected gross sales tax revenue figures and estimates of projected growth in the Project’s operations over the term of the Operating Period, it is estimated that the City will retain approximately $1,500,000 over the term of the Operating Period “net” of the Economic Development Subsidy.

F. Estimated Number of Jobs
As required by the Agreement, the Developer shall employ a minimum of one hundred and thirty (130) full-time employees and eighty (80) part-time employees and use its best efforts to hire and employ qualified City residents at the Property through targeted recruiting and/or advertising efforts within the City throughout the duration of the Operating Period. 21 1

AGREEMENT RE OPERATING COVENANT

AND RESTRICTIVE COVENANTS
This Agreement RE Operating Covenant and Restrictive Covenants (the “Agreement”) is made as of September 19, 2023, by and between the CITY OF LYNWOOD , a municipal corporation (the “ City”) and LYNWOOD SPRINGS, LLC , a California limited liability company (“Developer”) (individually referred to as “ Party” and collectively referred to as the “Parties”).

R E C I T A L S
A. WHEREAS, Developer is the owner of certain real property located at 11700 Long Beach Boulevard, Lynwood, County of Los Angeles, State of California having Assessor Parcel Number: 6175-002-004 and more particularly described in Exhibit “A” attached hereto (the “Property”). Upon the Property, Developer intends to develop an approximately 36,974 square foot grocery store building with related parking stalls and improvements (“Project”).

B. WHEREAS, the Project is anticipated to serve the residents of the City and neighboring cities by providing vital access to food such as fresh vegetables, meat, milk and other nutritious foods to an area that has been identified as a food desert by the USDA; C. WHEREAS, the Project will redevelop an underutilized, blighted site and remediate existing site contamination;
D. WHEREAS, the Project will create an estimated 80 full-time and 40 part-time jobs and generate additional property and sales taxes for the City and associated taxing entities that may be used for vital public services, infrastructure, and educational purposes; E. WHEREAS, the City has found that it is to the benefit to the City and its residents for Developer to undertake the improvements of the Project on the Property to fulfill continued operations of the “Business” (as defined below), on the Property located in the City, and that the imposition of certain “Covenants” (as defined below), constitutes a valid public purpose, and therefore the City desires to obtain such Covenants and, subject to the terms hereof, Developer agrees to enter into and be bound by such Covenants in return for payment by City to Developer of the “Covenants Consideration” (as defined below).

F. WHEREAS, in consideration for Developer’s agreement to be bound by such Covenants, the City has agreed, pursuant to this Agreement, to pay the Covenants Consideration under the terms and conditions contained herein, which the Parties agree that the amount of such Covenants Consideration is a fair exchange for the Covenants.

G. WHEREAS, due to the elimination of redevelopment in California pursuant to adoption of AB1x26 and the decision of the California Supreme Court in CRA v. Montosantos in January 2012, the City has determined that it is necessary to develop alternative strategies for economic development within the City. Redevelopment has played a vital role in transforming 22 2
former industrial manufacturing sites within the City into viable commercial centers. However, with the elimination of redevelopment, the City must utilize other alternative means for economic development available to the City, which includes, but is not limited to, sales tax rebate strategies via operating and restrictive covenants that serve to attract new businesses and retain existing businesses in the City.

H. WHEREAS, in consideration of Developer’s encumbrance of the Property by the Covenants (as defined herein below) and Developer’s performance of its obligations thereunder, the City has agreed to enter into this Agreement for the purpose of making certain periodic payments to Developer in an amount equal to a portion of the Sales Tax Revenue (as defined herein below) generated by the Business on the Property, subject to and in accordance with the Covenants set forth in this Agreement pursuant to and consistent with Government Code § 53083 for the purpose of facilitating Developer’s continued operation of its Business on the Property, as well as undertaking any necessary improvements to the Property.

I. WHEREAS, the Covenants shall become effective only if the terms and conditions set forth herein as a condition to their effectiveness are satisfied. In exchange for the Covenants Consideration, Developer shall maintain its Business operations within the City throughout the “Operating Period,” as hereinafter defined. The Parties acknowledge and agree that the City’s obligations to make periodic payments equal to a portion of Sales Tax Revenue under the Agreement are to be calculated by the Sales Tax Revenue actually received by the City in connection with the Business located on the Property and shall not include the Sales Tax Revenue from any other use or property located elsewhere in the City.

J. WHEREAS, by its approval of this Agreement, the City Council of the City has found and determines as follows: (i) notwithstanding any other provision set forth in this Agreement, and except for what is stated in the “Development Agreement” (as defined below) and for the City’s permits and approvals that have been and will be issued to Developer under the Development Agreement, the City’s approval and execution of this Agreement shall not constitute a prejudgment or pre-commitment by the City with respect to any future discretionary City permits and approvals that may be required for any potential future improvements to the Property, which as of the date of this Agreement, are not fully known by the Parties, and as such, the City reserves its full and unfettered discretion with respect thereto to the same extent it would have such discretion in the absence of this Agreement; (ii) subject to the foregoing, the City recognizes that the Covenants Consideration provided to Developer under this Agreement in exchange for the Covenants is necessary in order for Developer to develop the Property, to be and remain commercially competitive, and for the City to attract the Business to the City; (iii) Developer’s value to the City in its continued location in the City and performance of the Covenants set forth in this Agreement (in terms of economic revitalization, generation of local tax revenues that will help to fund vital public services, and local employment creation and retention) will not be less than the amount of such payments; and (iv) that the imposition of the covenants and use restrictions upon the Property pursuant to this Agreement in exchange for the payments to be made by the City constitutes a valid public purpose, including but not limited to furtherance of economic development as expressly permitted by state law.

K. WHEREAS, the City Council of the City has also found and determined that, with 23 3
respect to the applicability of the California Environmental Quality Act (“ CEQA”), the State CEQA Guidelines (California Code of Regulations, Title 14, §§ 15000 et seq., hereinafter the “Guidelines”). This Agreement is not a “project” for purposes of CEQA, as that term is defined by Guidelines § 15378, because this Agreement is (i) an organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment and (ii) creates a government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment.

NOW, THEREFORE, the parties hereto agree asfollows:

1. DEFINED TERMS
The following terms when used in this Agreement shall have the meanings set forth below:
“Agreement” shall have the meaning set forth in the preamble above. “Approved Entitlements” shall mean Conditional Use Permit No. 2019-01, Parcel Map No. 2019-01, and Mitigated Negative Declaration No. 2019-01. “Business” shall mean the use and operation of a 36,974 square foot, grocery store offering a variety of freshly prepared foods, beverages, meat, seafood, dairy products, and other household products to the public.
“Covenants” shall have the meaning set forth in Section 2. “Covenants Consideration” shall have the meaning set forth in Section 4.a. “Covenants Consideration Cap” shall have the meaning set forth in Section 4.b. “Default” shall have the meaning set forth in Section 6. “Development Agreement” shall mean the Development Agreement by and between the City of Lynwood and Lynwood Springs, LLC, dated July 5, 2022, concerning the Developer’s development of the Property and other directly adjacent parcels of real property within the City and owned by the Developer and/or its affiliates.
“Effective Date” shall have the meaning set forth in Section 3.b. “Environmental Claims ” shall mean any clams by third parties for personal injury (including sickness, disease or death), or for injury to property or natural resources or the environment, including, without limitation, lost profits, consequential damages, diminution of property value or loss of use of property, which is proximately caused by any violation or alleged violation of, or noncompliance with, the requirements of any Environmental Law. “Environmental Cleanup Liability” shall mean any cost or expense incurred to investigate, 24 4
monitor, remove, remediate, treat, clean up, abate or otherwise respond to any Release or threatened Release of Hazardous Materials, including, without limitation, the cost of obtaining site closure from applicable governmental agencies and the cost of restoring the affected property upon completion of responsive action.
“Environmental Compliance Costs” shall mean any cost or expense necessary to enable the affected property to comply with all applicable Environmental Laws. “Environmental Law” shall mean the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended (42 USC §§ 9601 et seq.), the Hazardous Materials Transportation Act, as amended (49 USC §§ 1801 et seq.), the Resource Conservation and Recovery Act of 1976, as amended (42 USC §§ 6901 et seq.), the Toxic Substances Control Act (15 USC §§ 2601 et seq.), the Insecticide, Fungicide, Rodenticide Act (7 USC §§ 136 et seq.), the Superfund Amendments and Reauthorization Act (42 USC §§ 6901 et seq.), the Clean Air Act (42 USC §§ 7401 et seq.), the Safe Drinking Water Act (42 USC §§ 300f et seq .), the Solid Waste Disposal Act (42 USC § 6901 et seq.), the Surface Mining Control and Reclamation Act (30 USC §§ 1201 et seq.), the Emergency Planning and Community Right to Know Act (42 USC §§ 11001 et seq.), the Occupational Safety and Health Act (29 USC §§ 655 and 657), the California Underground Storage of Hazardous Substances Act (Health and Safety Code §§ 25280 et seq.), the California Hazardous Substances Account Act (Health & Safety Code §§ 25300 et seq.), the Porter- Cologne Water Quality Act (Water Code §§ 13000 et seq.), together with any amendments of or regulations promulgated thereunder and any other federal, state, and local laws, statutes, ordinances, or regulations now in effect that pertain to occupational health or industrial hygiene.
“Event of Force Majeure ” shall mean any litigation challenging the validity of this transaction or any element thereof or the right of either party to engage in the acts and transactions contemplated by this Agreement; eminent domain actions filed by the City including, without limitation, relocation obligations in connection therewith and inverse condemnation actions, inability to secure necessary labor, supplies, grocery store products, materials or tools; actions in connection with the remediation of Hazardous Materials, including groundwater contamination; war; insurrection; strikes; lockouts; riots; floods; earthquakes; fires; casualties; acts of God; acts of the public enemy; acts of terrorism; epidemics; quarantine restrictions; freight embargoes; unanticipated subsurface conditions that delay performance; lack of transportation; governmental restrictions or priority; building moratoria; or unusually severe weather. “Governmental Requirements” shall have the meaning set forth in Section 2.a.iii. “Hazardous Materials ” shall mean any pollutant, contaminant, hazardous or toxic substance, material or waste which is or becomes identified, listed or regulated as such under any Environmental Law by the United States government, the State of California or any regional or local governmental authority having jurisdiction over the Property. “Local Hire Plan” shall have the meaning set forth in Section 2.a.i. “Operating Period” shall have the meaning set forth in Section 2.a.i. 25 5
“Permitted Assigns” shall have the meaning set forth in Section 7.b. “Permitted Transfer” shall have the meaning set forth in Section 7.b. “Project” shall have the meaning set forth in Recital A. “Property” shall mean the property described in Recital A. “Release” shall mean the release, as defined in Health and Safety Code §§ 25320 and 25321, of a Hazardous Material or Hazardous Materials.
“Sales Tax Revenue” shall mean that portion of taxes derived and received by the City between each January 1 and December 31 during the Operating Period, from the imposition of:
( i ) the Bradley- Burns Uniform Local Sales and Use Tax Law, commencing with Section 7200 of the Revenue and Taxation Code of the State of California, as amended and Sale and Use Tax Law (commencing with Section 6000 of the California Revenue and Taxation Code) and (ii) the City Transaction and Use Tax approved by voters on November 5, 2019 codified under Lynwood Municipal Code Section 6-2.9, or any successor law(s) or amendment(s) thereto, that arises from, including but not limited to, taxable sales, services, or transactions by the Business conducted on the Property. Pursuant to the foregoing, the current Sales Tax Revenue is equal to 1.75%, which amount may fluctuate over time pursuant to the foregoing.

2. OPERATING COVENANT AND RESTRICTIVE COVENANTS.
a. Operating Covenants.
(i) Continuous Operation; Site of Point of Sale. Developer hereby covenants that Developer shall continuously use and operate, or shall cause and allow for the continuous use and operation of, the Business on the Property, unless such operation is temporarily interrupted by an Event of Force Majeure or as permitted pursuant to Section 6.c. hereof, during the Operating Period, provided that the Operating Period shall not be extended by virtue of an Event of Force Majeure. For purposes of this Agreement the “ Operating Period” shall be for a period of fifteen (15) years beginning on the Commencement Date (as defined in Section 3), unless terminated earlier as provided for under this Agreement. Developer shall cause and allow for the Business to operate with inventory and sales personnel sufficient to satisfy and respond to customer demand. To the maximum extent permitted by law, and in compliance with Government Code § 53084.5, Developer shall designate the Property on its Sales Tax Statements as the point- of-sale for all sales transactions arising out of or generated from the Business conducted on the Property. During the Operating Period, Developer shall employ a minimum of eighty (80) full- time employees and forty (40) part-time employees at the Business and use its best efforts to hire and employ qualified City and local area residents at the Business through targeted recruiting and/or advertising efforts in accordance with a Local Hire Plan as set forth in Exhibit B. (ii) Maintenance and Repair of Property; Landscaping. During the entire Operating Period, Developer at its sole cost and expense shall maintain, or shall cause the 26 6
maintenance of, the Property and the improvements and facilities thereon substantially in a first class condition (as judged by other developments of similar type and quality located in the County of Los Angeles) and repair and free from accumulation of debris, weeds, graffiti, and waste materials, with landscaping in a healthy condition, and shall otherwise substantially comply with the Property’s maintenance standards established in any applicable Approved Entitlements and applicable provisions in the City’s Municipal Code. During such period, Developer shall not abandon, or allow for the abandonment of, any portion of the Property, and shall not otherwise act or fail to act in such a way as to unreasonably increase the risk of any damage to the Property or of any other impairment of City’s interest set forth in this Agreement. (iii) Compliance with Governmental Requirements. Developer shall carry out the operation of the Business in substantial conformity with all applicable laws, ordinances, statutes, codes, rules, regulations, orders and decrees of the United States, the State of California, the County of Los Angeles, the City or any other political subdivision in which the Property is located, and of any other political subdivision, City or instrumentality exercising jurisdiction over the City, Developer, or the Property, including all applicable federal, state and local occupational safety and health laws, rules, regulations and standards, applicable state and labor standards, building, plumbing, mechanical and electrical codes, as they apply to the Property and the Business, and all other provisions of the City’s Municipal Code, (as they may apply to the Property and the Business), and all applicable disabled and handicapped access requirements (as they may apply to the Property and the Business), including, without the limitation, the Americans With Disability Act, 42 U.S.C. §12101 et seq., Government Code §4450 et seq., and the Unruh Civil Rights Act, Civil Code §51 et seq. (“Governmental Requirements”). b. Restrictive Covenants. During the Operating Period, Developer shall (collectively, the “Covenants”): (i) use the Property for its Business and for no other purpose, in substantial compliance with this Agreement, the applicable Approved Entitlements, and applicable provisions of the City’s Municipal Code; (ii) keep and maintain the Property and the improvements thereon and all facilities appurtenant thereto, in good order and repair and safe condition, and the whole of the Property, in a clean, sanitary, and orderly condition free from debris, graffiti and waste materials pursuant to Section 2.a.(ii), and (iii) substantially comply with provisions of Sections 5, 12 and 14 hereof.

3. CONDITIONS TO DEVELOPER’S RIGHT TO RECEIVE PAYMENTS. a. Commencement Date. As a condition precedent to Developer’s right to receive the Covenant Consideration, Developer shall satisfy all of the following requirements: (i) Developer possess a valid certificate of occupancy and business license as required by the Lynwood Municipal Code; (ii) Developer employ a minimum of eighty (80) full-time employees and forty (40) part-time employees at the Business; and (iii) Developer is in compliance with any applicable Approved Entitlement for the Property, as the same may be amended from time to time.

The day on which all of the aforementioned conditions are satisfied shall constitute the “Commencement Date,” at which time the Covenants go into effect and City’s obligations to pay the Covenants Consideration pursuant to Section 4 shall begin. b. Outside Date. Notwithstanding any other provision set forth in this 27 7
Agreement to the contrary, and subject to extensions for Events of Force Majeure as provided for in Section 15, if the conditions set forth in Section 3.a. are not satisfied within thirty-six (36) months after the Effective Date of this Agreement, City may terminate this Agreement by delivery of written notice of termination in accordance with Section 9 and, in such event, neither party shall have any further rights against or obligations to the other Party arising out of this Agreement. For purpose of this Agreement, the “Effective Date” shall mean that date which is the later of the two dates on which the Parties execute this Agreement.
c. Operating Condition. Except for Events of Force Majeure and as stated in Section 6.c., if Developer, or Permitted Assigns, ceases to operate the Business on the Property during the Operating Period, then City may terminate this Agreement at its sole and absolute discretion, and no further payments shall be due under Section 4.a. upon termination, and the terms of this Agreement shall be of no further force or effect.

4. CONSIDERATION.
a. Covenants Consideration. In consideration for Developer’s agreement to be bound by the Covenants, City agrees to pay to Developer an amount equal to Fifty Percent (50%) of all Sales Tax Revenues during the Operating Period; (“ Covenants Consideration ”) payable annually on or before July 30 th of each year for the preceding calendar year during the Operating Period.

For example purposes only, if gross sales generated by the Business on the Property in Calendar Year 2024 is $10,000,000 and the Sales Tax Revenue is equal to 1.75% of gross sales ($175,000), which includes all applicable Sales Tax Revenues as defined herein. In that event, the Covenants Consideration with respect to Calendar Year 2024 would be $87,500, which is 50% of the amount of the Sales Tax Revenues. Represented arithmetically:
($175,000 x 50%) = $87,500
The amounts due hereunder shall be payable from any source of funds legally available to City.

The determination of the source of funds shall be in the sole and absolute discretion of the City. In this regard, Developer acknowledges that City is not making a pledge of Sales Tax Revenues, or any other particular source of funds; the definition of Sales Tax Revenues, as used herein, is used merely as a measure of the amount of payment due hereunder and as a means of computing the consideration for theCovenants.

With respect to the Sales Tax Revenue calculations, the amount of the payment due on each such payment date shall be based upon the total Sales Tax Revenues received by the City (less any State Board of Equalization adjustments that would have modified previous payments to Developer) during the applicable preceding annual period as confirmed by the report furnished by the City’s sales tax consultant as provided by the State Board of Equalization, and the salestax returns as filed by Developer. Developer, on its behalf and on behalf of all successors in interest, hereby authorizes the release to such City sales tax consultant of such information to the extent necessary to comply with the terms of this Agreement. In the event that any payment due hereunder covers less than a full annual period, the amount of Covenants Consideration for 28 8
said partial annual period shall be calculated by multiplying the total Sales Tax Revenues equivalency for the entire annual period (assuming that Developer was entitled to receive Sales Tax Revenues for the annual period) by a fraction in which the numerator equals the number of days in such semi-annual period included within the period of City’s payment obligation and in which the denominator is365.
b. Covenants Consideration Cap. Notwithstanding the preceding paragraph, the total maximum amount of Covenants Consideration paid to Developer during the Operating Period shall not exceed One Million Five Hundred Thousand Dollars ($1,500,00.00) (“Covenants Consideration Cap”). In the event that the Covenants Consideration Cap is reached prior to the end of the Operating Period, the City shall have no further obligation to remit Covenants Consideration as set forth under Section 4.a above. However, all remaining covenants, conditions, and restrictions applicable to the City and Developer under this Agreement shall remain in full force and effect and binding against the Parties for the remainder of the Operating Period. c. No Acceleration. It is acknowledged by the Parties that any payments by the City provided for herein may only be paid with respect to those periods in which Developer is not in Default (as defined below) of the Covenants. The failure of the City to make any payments required by Section 4 shall not cause the acceleration of any future payments by the City to Developer beyond the date of such default; provided, that such failure shall constitute a default by City hereunder which entitles Developer to exercise its rights and remedies hereunder.

5. HAZARDOUS MATERIALS INDEMNITY.

Effective upon the execution hereof, Developer agrees to and shall indemnify, protect, defend, reimburse and hold the City and the City and their members, officials, agents, employees and attorneys, harmless from and against any and all claims, actions, proceedings, lawsuits, orders, costs, liabilities, judgments, damages, fines, encumbrances, liens, penalties, punitive damages, losses and expenses (including without limitation all costs and expenses reasonably incurred to investigate and defend claims, whether or not such claim is ultimately defeated, and costs and expenses reasonably incurred for consultants, court fees, administrative fees, expert witness fees, and attorneys’ fees) of whatever kind or nature, contingent or otherwise, matured or not matured, foreseeable or unforeseeable, any of which are suffered or incurred by said indemnified parties, or assessed, levied or asserted by any person or entity (whether governmental or private) against said indemnified parties and relating to the following:

Environmental Claims, Environmental Cleanup Liability and Environmental Compliance Costs arising from the Release or threatened Release of Hazardous Materials in or into the soil or groundwater in, on, under or from the Property as a result of the use, generation, discharge, storage, handling or disposal of Hazardous Materials arising from the willful misconduct or gross negligence of the operation of the Business upon the Property during the Operating Period by Developer or Developer’ agents, employees, contractors or invitees or Developer’ predecessors in interest.

6. DEFAULTS AND REMEDIES.
29 9
a. Occurrence of any or all of the following shall constitute a default under this Agreement:
i. Developer’s default of the Covenants under Section 2 hereof. ii. City’s default of its obligations to pay the Covenants Consideration under Section 4 hereof.
iii. The filing of a petition in bankruptcy by or against Developer or appointment of the receiver or trustee of any property of Developer, or an assignment by Developer for the benefit of creditors, or adjudication that Developer is insolvent by a court, and a failure of Developer to cause such petition, appointment or assignment to be removed or discharged within sixty (60) days.
b. In the event of any default under the terms of this Agreement, the non- defaulting party shall give written notice to the defaulting party. The defaulting party shall commence and diligently thereafter pursue the curing of said default within thirty (30) days after receipt of notice of such default; provided, however, that if said default does not involve the payment of money from one party to the other and if the cure of such non-monetary default cannot reasonably be completed within such thirty (30) day period, such failure shall not be a default so long as such party promptly commences a cure within said thirty (30) day period and thereafter diligently prosecutes such cure to completion. Failure to cure, as specified above, shall be a “Default” hereunder. Except as provided in the paragraph immediately below, nothing herein is intended to limit or restrict whatever specific performance or other equitable remedies either party may have in accordance with applicable law. c. In the event of Default by Developer (and without seeking judicial relief) the following shall be the sole and exclusive remedy for such Default (the “ Nonjudicial Remedy”): (i) Developer’s right to receive Sales Tax Revenues in the time period that the Developer is in Default shall be suspended and the term of the payment period described in Section

4.a. shall not be extended; and (ii) in the event the Business is closed or ceases to operate (for reasons other than an Event of Force Majeure or as may be required for the maintenance, repair and/or remodeling of the Project) for a continuous period of more than two hundred ten (210) days or any other Default remains uncured, Developer’s right to receive further payments from City pursuant to this Agreement may be terminated by the City in its sole and absolute discretion and the terms of this Agreement shall be of no further force or effect.

7. TRANSFERS OF INTEREST IN PROPERTY OR AGREEMENT.
a. Prohibition. The qualifications and identity of Developer as the operator of the Business are of particular concern to the City. Furthermore, the parties acknowledge that the City has negotiated the terms of this Agreement in contemplation of the operation of the Business and the Sales Tax Revenues to be generated by the operation of the Business on the Property. Accordingly, for the Operating Period no voluntary or involuntary successor in interest of Developer shall acquire any rights or powers under this Agreement, unless such successor shall 30 10
continue to operate the Business in substantially the same manner as operated by Developer immediately prior to such event, without the prior written approval of the City, except as expressly set forth herein which approval may be withheld in its sole and absolute discretion. b. Permitted Transfers. Notwithstanding any other provision of this Agreement to the contrary, City approval of a transfer or assignment of the Business (“Permitted Transfer”) shall not be required in connection with any of the following:
(i) Any transfer to an entity or entities (x) which entity or entities owns more than a 50% interest in Developer, or (y) in which entity or entities Developer owns more than a 50% interest, or (z) is under common control with, Developer. (ii) The conveyance or dedication of any portion of the Property b y Dev elo per to the City or other appropriate governmental agency, or the granting of easements or permits to facilitate the Business.
(iii) Any assignment for financing purposes, including the grant of a deed of trust to secure the funds necessary for land acquisition, construction and permanent financing of the Business.
(iv) Any transfer in connection with a merger with or consolidation of Developer.
(v) The transfer or leasing of the Property to Developer’s affiliates, Northgate Gonzalez, LLC, a California limited liability company, Northgate Gonzalez, Inc., a California corporation, or Northgate Gonzalez RE, LLC, a California limited liability company, or any subsidiary of the foregoing.
(vi) In the event of a Permitted Transfer by Developer under subsections (i) to (iv) above not requiring the City’s prior approval, Developer nevertheless agrees that at least thirty (30)days prior to such Permitted Transfer it shall give written notice to City of such assignment and satisfactory evidence that the assignee has assumed in writing through an assignment and assumption agreement of all of the obligations of this Agreement. The assignee of a Permitted Transfer and any assignee for which the City has issued its prior written approval is defined to be a “Permitted Assigns”.

8. WARRANTIES.
a. Government Code § 53084.5 Prohibition . Developer warrants that by entering into this Agreement will not result, directly or indirectly, in the payment, transfer, diversion or rebate of any tax revenue resulting from the imposition of a sale or use tax under the Bradley-Burns Uniform Local Sales and Use Tax Law to any person as prohibited under Government Code § 53084.5.
b. Warranty Against Payment of Consideration for Agreement. Developer warrants that it has not paid or given, and will not pay or give, to any third person, any money 31 11
or other consideration for obtaining this Agreement, other than normal costs of conducting business and costs of professional services such as architects, engineers and attorneys.

9. NOTICES. All notices under this Agreement shall be given in writing by personal delivery, or by certified mail or registered United States Mail, return receipt requested, postage prepaid, or by facsimile and shall be deemed communicated when received if given by personal delivery or upon receipt or rejection if mailed as provided above or upon receipt by facsimile on a business day during business hours in the location where received, and if not then on the next business day, as the case may be. Mailed notices shall be addressed as set forth below, but either party may change its address by giving written notice thereof to the other in accordance with the provisions of this article:

To City: City of Lynwood
6615 Passons Boulevard
Lynwood, CA 90660
Attn: City Manager
Tel.: (310) 603-0220, ext. 200
With copy to: Alvarez-Glasman & Colvin
13181 Crossroads Parkway North
Suite 400, West Tower
Industry, CA 91476
Attn: Noel Tapia, City Attorney
Tel.: (562) 699-5500
To Developer: Lynwood Springs, LLC
1201 N. Magnolia Ave.

Anaheim, CA 92801
Attn: Carl M. Middleton, Manager
Tel.: (714) 687-7018
With copy to: Brown & Streza, LLP
40 Pacifica, Suite 1500
Irvine, CA 92618
Attn: Vincent J. Le Pore III, Esq.

Tel.: (949) 453-2900

10. MISCELLANEOUS. This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements and understandings written and oral; with the Parties agreeing that the Development Agreement remains in full force and effect, unaffected by this Agreement. This Agreement may not be modified or amended except in a writing signed by all parties hereto. In the event any litigation is necessary to enforce or interpret any provisions of this Agreement, the prevailing party in such litigation shall be entitled to recover its court costs and attorneys’ fees.

11. BROKERAGE AGENCIES . Developer shall indemnify, defend and hold the 32 12
City harmless from and against any and all cost, liabilities, losses, damages, claims, causes of action or proceedings which may result from Developer’ dealing with any broker or finder in connection with the transaction covered by this Agreement.

12. INDEMNITY. Developer agrees to and shall indemnify, defend, protect, and hold harmless the City and/or City (and the City’s and/or City’s Representatives) from and against any and all third party claims, losses, proceedings, damages, causes of action, liability, costs and expenses (including reasonable attorneys’ fees) arising from or in connection with or caused by: (i) any act, omission or negligence of Developer or any lessee of Developer, or their respective contractors, licensees, invitees, agents, sublessees, servants or employees, wheresoever on the Property that the same may occur; (ii) any use of the Property, or any accident, injury, death or damage to any person or property occurring in or on the Property, or any part of the Property or from the conduct of the Business or from any activity, work or thing done, permitted or suffered by Developer or its sublessees, contractors, employees, or invitees, in or about the Property, to the extent any of the foregoing directly result from the willful misconduct or gross negligence of the Developer, (other than to the extent arising as a result of the City’s and/or City’s sole negligence or willful misconduct), but excluding any matter with respect to which the City and/or City has or enjoys the benefit of sovereign immunity; (iii) any action brought by any third party against Developer challenging the validity of any provision of this Agreement; and (iv) any action brought by any third party or governmental entity arising out of Developer’s alleged violation of any Governmental Requirements, as described in Section 2.a.(iii) hereof. In the event Developer is obligated to defend and indemnify hereunder, Developer shall have the right to control the defense, select and retain counsel and settle or otherwise dispose of the claim provided that any such action by Developer shall not materially adversely affect the City.

13. CONSTRUCTION. The parties agree that each party and its counsel have reviewed and revised this Agreement and that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply in the interpretation of this Agreement or any amendments or exhibits to this Agreement.

14. NONDISCRIMINATION. While this Agreement is in effect, Developer herein covenants by and for itself, its successors and assigns, that there shall be no discrimination against or segregation of, any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure, or enjoyment of the Property, nor shall Developer or any person claiming under or through him or her, establish or permit any practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the premises herein conveyed.

15. EXTENSION OF TIMES OF PERFORMANCE . In addition to specific provisions of this Agreement, performance by either party hereunder shall not be deemed to be in Default, and all performance and other dates specified in this Agreement shall be extended, where delays are due to an Event of Force Majeure. Notwithstanding anything to the contrary in this Agreement, an extension of time for any such cause shall be for the period reasonably 33 13
attributable to the Event of Force Majeure and shall commence to run from the time of the commencement of the cause, if notice by the party claiming such extension is sent to the other party within thirty (30) days of the commencement of the cause. Times of performance under this Agreement may also be extended in writing by the mutual agreement of the City and/or Developer. Notwithstanding any provision of this Agreement to the contrary, the lack of funding to acquire or make improvements to the Property shall not constitute an Event of Force Majeure pursuant to this Section 15.

16. INTERPRETATION. In this Agreement the neuter gender includes the feminine and masculine, and singular number includes the plural, and the words “ person” and “ party” include corporation, partnership, firm, trust, or association where the context so requires.

17. AUTHORITY TO EXECUTE. The person or persons executing this Agreement on behalf of Developer warrant and represent that they have the authority to execute this Agreement on behalf of their corporation, partnership or business entity and warrant and represent that they have the authority to bind Developer to the performance of its obligations hereunder.

18. RELEASE OF CITY AND/OR CITY OFFICIALS; LIMITATION ON DEVELOPER’S LIABILITY.
a. No member, officers, directors, official (elected or appointed), agents, employees, or attorney of either party shall be personally liable to the other party, or any successor in interest of either such party, in the event of any default or breach by either party or for any amount which may become due to Developer or its successors, or on any obligations under the terms of this Agreement. Both parties hereby waive and release any claim either may have personally against the members, officers, directors, officials (elected or appointed), agents, employees consultants, or attorneys of the City and/or City with respect to any default or breach by the City and/or City or for any amount which may become due to Developer or its successors, or on any obligations under the terms of this Agreement. Both parties make such release with full knowledge of Civil Code Section 1542, and hereby waive any and all rights thereunder to the extent of this release, if such Section 1542 is applicable California Civil Code Section 1542 provides as follows:
“A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with thedebtor.” b. Notwithstanding anything to the contrary contained in this Agreement, in no event shall any partner, officer, director, member, shareholder, employee, affiliate, manager, representative or agent of Developer or any general partner of Developer or its general partners be personally liable for any breach of this Agreement by Developer.

19. HEADINGS. The headings to the paragraphs of this Agreement have been inserted for convenience reference only and shall not to any extent have the effect of modifying, amending or changing the expressed terms and provisions of this Agreement. 34 14

20. VENUE. In the event of any litigation under this Agreement, all such actions shall be instituted in the Superior Court of the County of Los Angeles, State of California, or in an appropriate municipal court in the County of Los Angeles, State of California.

21. APPLICABLE LAW . The laws of the State of California shall govern the interpretation and enforcement of this Agreement.

22. SUCCESSORS AND ASSIGNS . The provisions of this Agreement shall be binding upon, and inure to the benefit of, the City and Developer and their successors and assigns as the case or context may require.

23. NO JOINT VENTURE. Nothing contained in this Agreement shall be construed to render the City in any way or for any purpose a partner, joint venture, or associated in any relationship with Developer, nor shall this Agreement be construed to authorize any Party to act as agent for the other.

24. WAIVER. The waiver by the City or Developer of any breach by the other Party of any term, covenant, or condition in this Agreement contained shall not be deemed to be a waiver of such term, covenant, or condition or any subsequent breach of the same or any other term, covenant, or condition herein contained. Any Party’s acceptance of any performance by the other Party after the due date of such performance shall not be deemed to be a waiver by any Party or any preceding breach by the other Party of any term, covenant, or condition of this Agreement, regardless of such Party’s knowledge of such preceding breach at the time of acceptance of such performance.

25. COUNTERPARTS. This Agreement may be executed and acknowledged in multiple counterparts, each of which shall be deemed an original, but all of which shall constitute one (1) Agreement, binding on the parties hereto.

26. RECORDATION OF THIS AGREEMENT; TERMINATION . This
Agreement shall be recorded forthwith upon execution hereof. Thereafter the parties shall cooperate in reasonable requests to remove of record the Agreement, or portions thereof that have been fully performed. Upon the termination of the Operating Period, this Agreement shall automatically terminate and shall be of no further force or effect, with neither Party having any further rights against or obligations to the other Party arising out of this Agreement. In the event that this Agreement is terminated prior to the end of the Operating Period, then both the City and Developer agree to take all reasonable actions to record a “Termination Memorandum Concerning Agreement RE Operating Covenant and Restrictive Covenants” to remove of record the Agreement.

27. ENTIRE AGREEMENT, WAIVERS AND AMENDMENTS. This Agreement may be executed in duplicate originals, each of which shall be deemed to be an original. This Agreement integrates all of the terms and conditions mentioned herein or incidental hereto, and restates all other negotiations or previous agreements between the parties with respect to all or any part of the subject matter hereof. Any waiver, modification, rescission or release of any 35 15
provision of this Agreement must be in writing and signed by the appropriate authorities of the City and/or Developer, and all amendments hereto must be in writing and signed by the appropriate authorities of the City and Developer. The Executive Director of City, or his or her designee, may execute any documents, make any approvals, enter into any amendments, or take any other actions as may be necessary or appropriate to carry out this Agreement on behalf of the City.

28. ATTORNEYS’ FEES. In the event that suit is brought for the enforcement of this Agreement or, as of the result of any alleged breach hereof, the prevailing party or parties in such suit shall be entitled to recover their reasonable attorneys’ fees from the losing party or parties, and any judgment or decree rendered in such proceeding shall include an award thereof. [SIGNATURES ON THE FOLLOWING PAGE]
36 16
IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates written below.

CITY OF LYNWOOD, a municipal
corporation (“City”)
By: ___________________________
Oscar Flores, Mayor
Date: _________________________
LYNWOOD SPRINGS, LLC , a California
limited liability corporation (“Developer”)
By:____________________________
Oscar Gonzalez, Manager
Date: __________________________
By:____________________________
Carl Matthew Middleton, Manager
Date: __________________________
ATTEST:

By: ____________________________
Maria Quinonez, City Clerk
APPROVED AS TO FORM:

By: ____________________________
Noel Tapia, City Attorney
37 EXHIBIT B
To the Agreement Re Operating Covenant and Restrictive Covenants

LOCAL HIRE PLAN
The Developer agrees that the Business shall implement a Local Hire Plan (“Plan”). All terms not otherwise defined in this Plan shall have the meaning as set forth in the Agreement Re Operating Covenants and Restrictive Covenants by and between the City and Developer (“Agreement”), to which this Exhibit B is attached. The Plan shall commence on the Effective Date of the Agreement and shall include the following provisions:

A. LOCAL HIRING
The Developer agrees that the Business shall use its best efforts to implement the City’s requested following local hiring plan:

1. The goal of 50% of all full-time and part-time employees to be:
(a) City of Lynwood Residents, which means individuals whose primary place of residence is within the City of Lynwood, or
(b) Local Area Residents, which means individuals who whose primary place of residence is within the 90262 Zip Code. City of Lynwood Residents and Local Area Residents shall be collectively referred to as “Local Hire Targets.”

2. To the extend consistent with local, state, and federal fair hiring laws, Developer agrees that the Business shall give priority first to City of Lynwood residents and Local Area Residents, as set forth in this Plan. The Business retains sole authority in making individual hiring decisions, and may use normal hiring practices, including interviews, to consider all applicants.

The provisions of this Plan do not require the Business to hire any person who lacks the experience, training, or ability necessary to perform any specific job in order to meet the 50% goal request of the City as stated above.

B. FIRST SOURCE HIRING

1. Preferential Notification. The Business shall notify the City (pursuant to the Notice provision in the Agreement) and a Qualified Recruitment Organization [not defined in the Agreement or herein] as recommended by the City, or as selected by the Business and approved by the City, of job opportunities in advance of other hiring outreach efforts and provide a description of job responsibilities and qualifications, including expectations, salary, work schedule, duration of employment, and any special requirements ( e.g. language skills, drivers’ licenses, training, etc.). The date the Business has delivered the foregoing notification to the City and a Qualified Recruitment Organization, is defined as the “Notification Date”.

2. Initial Exclusive Hiring. The Business shall hire only City of Lynwood or Local Area Residents for a three (3) week initial exclusive hiring period following the Notification Date described in subparagraph B.1. above. After such period, the Business shall make good-faith 38 efforts to hire Local Hire Targets, but may hire any applicant recruited or referred through any source in its sole discretion.

C. REPORTING

1. Periodic Local Hiring Report: The Developer agrees that the Business shall submit to the Director of Community Development a quarterly local hiring report within 30 days after the end of the first quarter following the Commencement Date during the Operational Period (“Periodic Local Hiring Reports”) detailing the number of (i) City of Lynwood Residents, (ii) Local Area Residents, and (iii) all other non-residents that have been hired by the Business.

2. Subject to applicable employment and privacy laws, the Developer agrees that the Business shall make available to the Director of Community Development pertinent records and information requested that are relevant to monitoring and enforcement of this Plan, including allowing access to the Property.

D. DEMONSTRATION OF COMPLIANCE

1. If the Developer has used its best efforts to meet or exceed all Plan goals set forth herein, the Developer shall be in compliance.

2. If the Developer has not met or exceeded all Plan goals but has used its best efforts or otherwise satisfied each element of the list of activities below, the Developer shall be in compliance:
i. Work with the City and Qualified Recruitment Organization in good faith to encourage and facilitate the compliance with the Plan; ii. Maintain reasonable detailed listings of job postings and contacts with Qualified Recruitment Organization; and
iii. Submit materially accurate and timely Periodic Local Hiring Reports.

3. The requirements of this Plan are incorporated and made a part of the Agreement and noncompliance shall be subject to the rights and remedies as set forth in the Agreement. If there is a conflict between the terms and conditions of this Plan and the Agreement the terms and conditions of the Agreement shall control.
39 RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

LYNWOOD, CALIFORNIA, APPROVING OPERATING

COVENANT AND COVENANT AND RESTRICTIVE

COVENANTS (ECONOMIC DEVELOPMENT

INCENTATIVE AGREEMENT) PURSUANT TO
GOVERNMENT CODE SECTION 53083 BY AND

BETWEEN THE CITY OF LYNWOOD AND LYNWOOD

SPRINGS, LLC
WHEREAS, Lynwood Springs, LLC (“Developer”) is the owner of certain real property located at 11700 Long Beach Boulevard, Lynwood, County of Los Angeles, State of California and more particularly described in Exhibit “A” attached hereto (the “Property”) (the “Property”);
WHEREAS, Developer intends to develop and construct an approximately 36,974 square foot Northgate Market consisting of approximately 205 parking stalls and related improvements, which was previously approved by the City under Conditional Use Permit No. 2019-01, Parcel Map No. 2019-01, and Mitigated Negative Declaration No. 2019-01 (“Project”);
WHEREAS, the Project is anticipated to serve the residents of the City and neighboring cities by providing vital access to food such as fresh vegetables, meat, milk and other nutritious foods to an area that has been identified as a food desert by the USDA; WHEREAS, the Project will redevelop an underutilized, blighted site and remediate existing site contamination and will create an estimated 130 full-time and 80 part-time jobs and generate additional property and sales taxes for the City and associated taxing entities that may be used for vital public services, infrastructure, and educational purposes; WHEREAS, the State Legislature passed Assembly Bill 562 on October 13, 2013, which went into effect on January 1, 2014, adding Section 53083 to the California Government Code, which allows cities to encourage employment and retain jobs and businesses by providing economic assistance to businesses and making available to the public an economic subsidy report, hold hearings, and provide further reports at specified intervals before approving economic assistance greater than $100,000; WHEREAS, to encourage Developer to establish the Northgate Market in the City it is necessary to provide economic assistance to Developer pursuant to California Government Code Section 53083;
WHEREAS, in exchange for providing Developer with economic assistance the City desires to impose certain operating covenant and restrictive covenants on Developer and its use of the Property (the “Covenants”);
40 RESOLUTION NO.

PAGE NO. 2
WHEREAS, the City and Developer desire to enter into an Agreement Re Operating Covenant and Restrictive Covenants (the “Agreement”) that would provide economic assistance in accordance with Government Code Section 53083 to assist in the development of a Northgate Market and retention of same in the City during the term of the Agreement;
WHEREAS, Developer has agreed to the Covenants and to maintain the Northgate Market operations at the Property in exchange for the economic assistance; WHEREAS, the Covenants shall become effective only if terms and conditions set forth in the Agreement as a condition are satisfied;
WHEREAS, in accordance with Government Code Section 53083, prior to approving any economic assistance to Developer, the City shall provide the following information in written form and shall provide public notice and a hearing regarding the economic development subsidy:
(1) The name and address of all corporations or any other business entities, except for sole proprietorships, that are the beneficiary of the economic development subsidy, if applicable.
(2) The start and end dates and schedule, if applicable, for the economic development subsidy.
(3) A description of the economic development subsidy, including the estimated total amount of the expenditure of public funds by, or of revenue lost to, the local agency as a result of the economic development subsidy. (4) A statement of the public purposes for the economic development subsidy.
(5) Projected tax revenue to the local agency as a result of the economic development subsidy.
(6) Estimated number of jobs created by the economic development subsidy, broken down by full-time, part-time, and temporary positions.

WHEREAS, the report required under Government Code Section 53083 was prepared and made available to the public on September 7, 2023 and presented to the City Council on September 19, 2023 (“53083 Report”);
WHEREAS, a public hearing regarding the economic development subsidy was duly noticed pursuant to Government Code Section 53083 and held on September ____, 2023. 41 RESOLUTION NO.

PAGE NO. 3

NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES RESOLVE AS FOLLOWS:

SECTION 1. The City Council hereby finds and determines that the foregoing recitals are true and correct and constitute a material part of this Resolution, and therefore incorporate them herein in their entirety as part of the findings.

SECTION 2. The City Council, after consideration of the staff presentation, reports, discussions, oral testimony and evidence presented, further finds and determines as follows:
i. Notwithstanding any provision set forth in the Agreement, the City's approval and execution of the Agreement shall not constitute a prejudgment or pre- commitment by the City with respect to any future discretionary City permits and approvals that may be required for any potential future improvements to the Property, which as of the date of the Agreement, are not fully known by the Parties, and as such, the City reserves its full and unfettered discretion with respect thereto to the same extent it would have such discretion in the absence of the Agreement;
ii. Subject to the foregoing, the City recognizes that the economic subsidy provided to Developer under the Agreement in exchange for the Covenants is necessary in order for Developer to develop a Northgate Market in the City and be commercially competitive;
iii. Project’s value to the City is the development of a grocery store on an underutilized, blighted site and remediation of contaminated property that will create an estimated 130 full-time and 80 part-time jobs and generate new tax revenue for the City and associated taxing entities for vital public services, infrastructure, and educational purposes and serve the residents of the City by making available a variety of food such as fresh vegetables, meat, milk and other nutritious foods to an area that has been identified as a food desert by the USDA;
iv. The imposition of the Covenants upon the Property pursuant to the Agreement in exchange for the covenants consideration to be paid by the City constitutes a valid public purpose, including but not limited to furtherance of economic development as expressly permitted by state law and is consistent with the goals and policies of the City’s General Plan; and
v. The 53083 Report is hereby incorporated herein as part of the findings.

SECTION 3. Based on the findings set forth in this Resolution, the City Council hereby authorizes and approves that certain “Agreement Re Operating Covenant and Restrictive Covenants,” (the “Agreement”) in substantially the same form as attached to the staff report presented concurrently with this Resolution.

SECTION 4 . The City Council hereby authorizes the City Manager, or his/her 42 RESOLUTION NO.

PAGE NO. 4
designee, to execute the Agreement and all ancillary documents reasonably necessary to carry out and effectuate the intent of this Resolution on behalf of the City.

SECTION 5. The City Council finds and determines that approval of this Agreement is exempt from the provisions of the California Environmental Quality Act (“CEQA”) pursuant to the following: CEQA Guidelines Section 15601(b)(3) under the common sense exemption, which only applies to projects that have the potential for causing a significant effect on the environment and it can be seen with certainty that there is no possibility that the activity may have a significant effect on the environment. In addition, the approval of this Agreement is not a “project” as that term is defined by CEQA Guidelines § 15378, because this Agreement relates to (i) an organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment and (ii) creates a government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. The City Council further finds that none of the exceptions to the exemptions under CEQA Guidelines Section 15300.2 apply.

SECTION 6. If any part of this Resolution or its application is held to be invalid, the remainder of the Resolution shall not be affected and shall continue in full force and effect.

SECTION 7. The City Clerk shall attest and certify to the passage and adoption of this resolution, and it shall become effective immediately upon its approval. [Signatures on the following page(s)]
ADOPTED AND APPROVED this 18th day of July, 2023.
________________________________
Oscar Flores, Mayor
43 RESOLUTION NO.

PAGE NO. 5
ATTEST:
____________________________________
Maria Quinonez, City Clerk
APPROVED AS TO FORM:
_____________________________________
Noel Tapia, City Attorney
44 AGENDA STAFF REPORT

DATE:

September 19, 2023
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Harry Wong, Director of Finance & Administration
Mohammad Islam, Accounting Technician
SUBJECT:

APPROVAL OF THE WARRANT REGISTER
CC WARRANT RESOLUTION 9-19-2023.pdf
WARRANT RUN 09-19-2023.pdf
Agenda Item # 9.1.

Recommendation:

Staff respectfully recommends that the City Council of the City of Lynwood approve the warrant register dated September 19,2023 for FY 2023-2024 Background:

N/A
Discussion and Analysis:

N/A
Fiscal Impact:

FY 2023-2024
Coordinated With:

City Manager
City Attorney
ATTACHMENTS:

Description
City Council City Council Regular Meeting 45
RESOLUTION NO. 2023.XXX

Warrant Registers Dated 09-19-2023

PASSED, APPROVED and ADOPTED this 19th day of September_, 2023.

Oscar Flores, Mayor

ATTEST:

__________________________
Maria Quiňonez, Ernie Hernandez,
City Clerk City Manager

APPROVED AS TO FORM: APPROVED AS TO CONTENT:

________
Noel Tapia, Harry Wong,
City Attorney Director of Finance and Administration

46 STATE OF CALIFORNIA )
) §

COUNTY OF LOS ANGELES )

I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a meeting held on the 19th day of September, 2023.

AYES: COUNCIL MEMBERS FLORES, SANTANA, SOTO, MAYOR PRO TEM

SOLACHE AND MAYOR CASANOVA

NOES: NONE

ABSENT: NONE

ABSTAIN: NONE

________________________
Maria Quiňonez,
City Clerk

STATE OF CALIFORNIA )
) §

COUNTY OF LOS ANGELES )

I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. 2023.XXX on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this _19th day of September, 2023.

___________________________
Maria Quiňonez,
City Clerk

47 Page: 1Void Check Listing apCkHist
12:06PM City of Lynwood09/11/2023
apbank Bank code:

Void Check # Date Vendor Clear/Void Date Amount PaidReason-Void/Reissue Inv. Date Check Total 013838 LINDA MAE GEORGE BANK RETURNED 208649 208253 50.0006/06/2023 09/05/2023 07/18/2023 50.00 000130 LOS ANGELES COUNTY LOST IN MAIL 208628 208272 50.0007/11/2023 08/31/202307/10/2023 50.00 013343 GATEWAY CITIES BANK RETURNED 208648 208448 06/02/2023 09/05/2023 08/15/2023 25,000.00 2023-2024 48,100.0008/02/202309/05/2023 23,100.00
003338 HILLYARD-LOS ANGELES WRONG INV # 208663 208576 08/09/202309/07/202309/05/2023 1,597.24 605204326 2,649.3308/10/2023 09/07/2023 1,052.09
013448 MENDOZA TRUCK REPAIR WRONG AMT 208664 208590 07/19/2023 09/07/2023 09/05/2023 758.81 00494 07/29/202309/07/2023 230.00
00508 08/12/2023 09/07/2023 219.80
00493 1,296.8107/29/202309/07/2023 88.20
002938 TAJ OFFICE SUPPLY WRONG INV # 208665 208616 07/27/202309/07/2023 09/05/2023 410.13 03934 547.8908/04/2023 09/07/2023 137.76
52,694.03apbank Total:

Total Checks:checks in this report 6 52,694.03
Page: 1
48 09/07/2023
Electronic Financial Transaction List
City of Lynwood
2 12:38:06PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 1653 7/6/2023 013073 CALPERS INSURANCE Ben153565 BLUE SHIELD ACCESS+: PAYMENT 58,396.45 Total : 58,396.45
1658 7/19/2023 013090 PERS Ben153872 PERS: PAYMENT 59,348.12 Total : 59,348.12
1660 7/6/2023 013073 CALPERS INSURANCE Ben153876 BLUE SHIELD ACCESS+: PAYMENT 57,641.80 Total : 57,641.80
1667 7/6/2023 013073 CALPERS INSURANCE Ben154164 KAISER: PAYMENT 1,961.06 Total : 1,961.06
1668 7/20/2023 013090 PERS Ben154166 PERS: PAYMENT 413.77 Total : 413.77
1670 7/6/2023 013091 PERS 457 Ben154170 DEF COMP - PERS 457: PAYMENT 2,895.55 Total : 2,895.55
1671 7/6/2023 010069 NATIONWIDE RETIREMENT SOLUTION Ben154172 DEF COMP - NATIONWIDE: 500.00 Total : 500.00
1674 7/13/2023 005794 INTERNAL REVENUE SERVICE Ben154640 SOCIAL SECURITY: PAYMENT 51,873.82 Total : 51,873.82
1675 7/21/2023 013090 PERS Ben154642 PERS: PAYMENT 68,457.24 Total : 68,457.24
1679 7/31/2023 012556 KEENAN & ASSOCIATES Ben154644 DELTA DENTAL: PAYMENT 4,438.97 Total : 4,438.97
1681 7/14/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. Ben154648 STATE WITHHOLDING TAXES: 16,033.17 Total : 16,033.17
1682 7/31/2023 013473 CONTROLLING INSURANCE COST IN, Ben154650 VISION: PAYMENT 485.45 Total : 485.45
1683 7/24/2023 013091 PERS 457 Ben154652 DEF COMP - PERS 457: PAYMENT 6,401.04 2Page:
49 09/07/2023
Electronic Financial Transaction List
City of Lynwood
3 12:38:06PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 6,401.04 1683 7/24/2023 013091 013091 PERS 457 1684 7/26/2023 010069 NATIONWIDE RETIREMENT SOLUTION Ben154654 DEF COMP - NATIONWIDE: 11,640.78 Total : 11,640.78
1685 7/26/2023 013507 NATIONWIDE RETIREMENT SOLUTION Ben154656 401A: PAYMENT 201.44 Total : 201.44
1686 7/28/2023 005794 INTERNAL REVENUE SERVICE Ben155066 SOCIAL SECURITY: PAYMENT 50,490.52 Total : 50,490.52
1688 7/28/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. Ben155070 STATE WITHHOLDING TAXES: 13,417.44 Total : 13,417.44
1689 7/31/2023 012556 KEENAN & ASSOCIATES Ben155036 DELTA DENTAL: PAYMENT 92.48 Total : 92.48
1690 7/17/2023 005794 INTERNAL REVENUE SERVICE Ben155038 FEDERAL WITHHOLDING: PAYMENT 644.72 Total : 644.72
1693 7/31/2023 013473 CONTROLLING INSURANCE COST IN, Ben155044 VISION: PAYMENT 30.63 Total : 30.63
1696 7/31/2023 012556 KEENAN & ASSOCIATES Ben155072 DELTA DENTAL: PAYMENT 4,566.43 Total : 4,566.43
1698 7/31/2023 013473 CONTROLLING INSURANCE COST IN, Ben155076 VISION: PAYMENT 484.50 Total : 484.50
1006015 7/6/2023 013073 CALPERS INSURANCE 100000017202685 RETIREE MEDICAL PREMIUM 7/2023 18,855.56 286.68RETIREE MEDICAL PREMIUM 7/2023100000017202686
Total : 19,142.24
1006016 7/25/2023 013121 AUL HEALTH BENEFIT TRUST C/O, 013121-08312023 REIMB-RETIREE MEDICAL PREMIUM 60,515.90 Total : 60,515.90
1006017 7/18/2023 000435 ICRMA 4332 05-001964 FY 2023-2024 MEMBER 3,093,655.00 Total : 3,093,655.00
3Page:
50 09/07/2023
Electronic Financial Transaction List
City of Lynwood
4 12:38:06PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 1006018 7/13/2023 000372 FIRE DEPARTMENT, LOS ANGELES C0011271 01-001790 FIRE PROTECTION SERVICES 733,248.09 01-001790 770,210.41FIRE PROTECTION SERVICES C0011327
Total : 1,503,458.50
1006019 7/31/2023 013473 CONTROLLING INSURANCE COST IN, 165822650 RETIREE-VISION PREMIUM 7/2023 888.27 Total : 888.27
1006020 7/31/2023 012556 KEENAN & ASSOCIATES 012556-073123 RETIREE DENTAL PREMIUM 7/2023 7,165.77 Total : 7,165.77
1006021 7/17/2023 001357 EMPLOYMENT DEVELOPMENT DEPT. ben155070-1 STATE WITHHOLDING 205.72 Total : 205.72
Bank total : 5,095,446.78 29 Vouchers for bank code : apbank 5,095,446.78Total vouchers :Vouchers in this report 29
4Page:
51 09/07/2023
Prepaid-Check List
City of Lynwood
5 9:06:48AM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 208625 8/29/2023 012044 C&S CONSTRUCTION 1 PORF & CONTRACTUAL SERVICES 4,378.00 Total : 4,378.00
208626 8/29/2023 013702 GOOD GUARD SECURITY INC 1627 PORF & CONTRACTUAL SERVICES 5,154.94 Total : 5,154.94
208658 9/7/2023 002319 CINDY'S JUMPERS 68470 08-005186 COMMUNITY ACTIVITY EXPENSE 492.00 Total : 492.00
208659 9/7/2023 013994 COOLEY, ALEISHA 734835263 REFUND-CANCELLED CAMPING 520.00 Total : 520.00
208660 9/7/2023 013875 DELGADO, ADRIANA 659769952 REFUND-CANCELLED CAMPING 130.00 Total : 130.00
208661 9/7/2023 001224 STANDARD INSURANCE COMPANY 001224-083123 RETIREE LIFE INSURANCE 745.00 Total : 745.00
Bank total : 11,419.94 6 Vouchers for bank code : apbank 11,419.94Total vouchers :Vouchers in this report 6
5Page:
52 09/07/2023
Prepaid-Check List
City of Lynwood
6 9:04:20AM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 208627 8/29/2023 004854 PETTY CASH- FINANCE 004854-08212023 REPLENISH BOX 412.44 Total : 412.44
208628 8/31/2023 000130 LOS ANGELES COUNTY ASSESSOR 000130-071123 PERMIT FEES 50.00 Total : 50.00
208629 9/5/2023 013996 AGUILAR, RAQUEL 71991148 REFUND CANCELLED CAMPING 130.00 Total : 130.00
208630 9/5/2023 013815 JAMISON, JERMAINE 862128458 REFUND CANCELLED CAMPING 260.00 Total : 260.00
208631 9/5/2023 013804 MENDEZ, VILMA 72601030 REFUND CANCELLED CAMPING 165.00 165.00REFUND CANCELLED CAMPING72601062
Total : 330.00
208632 9/5/2023 013997 MUNOZ, LAURA 72199159 REFUND CANCELLED CAMPING 165.00 Total : 165.00
208633 9/5/2023 013998 PORTER, ANGELA 72527791 REFUND CANCELLED CAMPING 165.00 165.00REFUND CANCELLED CAMPING 72529124
Total : 330.00
208634 9/5/2023 013694 GLOBAL URBAN STRATEGIES, INC 364 PROF & CONTRACTUAL SERVICES 1,800.00 Total : 1,800.00
208635 9/5/2023 013321 HERNANDEZ, ERNIE 013321-071323 REIMBURSEMENT-EXPENSE 2,410.32 Total : 2,410.32
208636 9/5/2023 013995 MONTES, NATHALY 71832704 REFUND CANCELLED CAMPING 130.00 165.00REFUND CANCELLED CAMPING 72086455
165.00REFUND CANCELLED CAMPING 7208655
165.00REFUND CANCELLED CAMPING 72086724
165.00REFUND CANCELLED CAMPING 72086802
Total : 790.00
208637 9/5/2023 013721 MUNOZ-GUEVARA, JUAN 013721-091023 PER DIEM 185.00 6Page:
53 09/07/2023
Prepaid-Check List
City of Lynwood
7 9:04:20AM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 185.00 208637 9/5/2023 013721 013721 MUNOZ-GUEVARA, JUAN 208638 9/5/2023 008983 ROBERT HALF INTERNATIONAL, INC 62115636 PROF & CONTRACTUAL SERVICES 1,248.00 Total : 1,248.00
208639 9/5/2023 000163 SOUTHERN CALIFORNIA EDISON 000163-08282023 UTILITY EXPENSE 37,541.94 Total : 37,541.94
208640 9/5/2023 001302 U.S. BANK 001302-081523 BANKCARD CHARGES 2,965.60 657.39BANKCARD CHARGES001302-081523-A
428.46BANKCARD CHARGES 001302-081523-B
2,308.36BANKCARD CHARGES 001302-081523-C
2,596.64BANKCARD CHARGES001302-081523-D

77.22BANKCARD CHARGES 001302-081523-E
738.50BANKCARD CHARGES 001302-081523-F
5,514.14BANKCARD CHARGES001302-081523-G
Total : 15,286.31
208641 9/5/2023 002430 DELGADILLO, YOLANDA 082423 REIMBURSEMENT 350.00 Total : 350.00
208642 9/5/2023 013084 LE, JESSICA Ben155667 JESSICA HERRERA: PAYMENT 293.00 Total : 293.00
208648 9/5/2023 013343 GATEWAY CITIES 2023-2024 MEMBERSHIP DUES 23,100.00 25,000.00MEMBERSHIP DUES 2023-2024-1
Total : 48,100.00
208649 9/5/2023 013838 GEORGE, LINDA MAE 013838-051823 PERSONNEL BOARD COMM 50.00 Total : 50.00
208650 9/6/2023 013702 GOOD GUARD SECURITY INC 2217 08-005191 PROF & CONTRACTUAL SERVICES 14,884.86 Total : 14,884.86
208651 9/6/2023 013702 GOOD GUARD SECURITY INC 2054 08-005191 PROF & CONTRACTUAL SERVICES 14,022.84 Total : 14,022.84
208652 9/6/2023 001382 SOUTHERN CALIFORNIA EDISON CO. 7590510966 SERVICE EXPENSE 643.47 7Page:
54 09/07/2023
Prepaid-Check List
City of Lynwood
8 9:04:20AM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 643.47 208652 9/6/2023 001382 001382 SOUTHERN CALIFORNIA EDISON 208653 9/7/2023 014000 ACOSTA, ROSIE 08212023 COMMUNITY ACTIVITY EXPENSE 2,200.00 Total : 2,200.00
208654 9/7/2023 005344 AT&T MOBILITY 287260367753X080823 UTILITY EXPENSE 3,010.23 Total : 3,010.23
208655 9/7/2023 001330 CANON FINANCIAL SERVICES, INC. 31008702 OPERATING EXPENSE 507.90 457.36OPERATING EXPENSE 31008703
1,096.80OPERATING EXPENSE 31144206
Total : 2,062.06
208656 9/7/2023 000163 SOUTHERN CALIFORNIA EDISON 000163-09062023 UTILITY EXPENSE 68,428.05 Total : 68,428.05
208657 9/7/2023 002386 T-MOBILE USA, INC 983463843-082123 UTILITY EXPENSE 378.68 Total : 378.68
Bank total : 215,362.20 26 Vouchers for bank code : apbank 215,362.20Total vouchers :Vouchers in this report 26
8Page:
55 09/07/2023
Prepaid-Check List
City of Lynwood
9 9:11:23AM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 208643 9/5/2023 007551 AFSCME DISTRICT COUNCIL 36 Ben155291 ASSOCIATION DUES: PAYMENT 1,704.77 1,669.46ASSOCIATION DUES: PAYMENTBen155659
Total : 3,374.23
208644 9/5/2023 013747 AMERIFLEX Ben155295 HEALTH FSA PRE-TAX: PAYMENT 702.04 973.14HEALTH FSA PRE-TAX: PAYMENTBen155663
Total : 1,675.18
208645 9/5/2023 013463 CITY EMPLOYEES ASSOCIATES, LLC Ben155293 MGMT. ASSOCIATION DUES: 212.50 212.50MGMT. ASSOCIATION DUES: Ben155661
Total : 425.00
208646 9/5/2023 013730 INSURANCE COMPANY, COLONIAL LIFE Ben155287 ACCIDENT PRETAX: PAYMENT 2,384.23 2,379.91ACCIDENT PRETAX: PAYMENTBen155655
Total : 4,764.14
208647 9/5/2023 010048 LEGAL SHIELD Ben155297 LEGAL SHIELD: PAYMENT 49.84

49.84LEGAL SHIELD: PAYMENT Ben155665
Total : 99.68
208662 9/7/2023 001224 STANDARD INSURANCE COMPANY Ben155289 STANDARD LIFE INSURANCE: 723.08 647.10AD&D STANDARD LIFE INSURANCE: Ben155657

92.82AD&D STANDARD LIFE INSURANCE: Ben155687
Total : 1,463.00
Bank total : 11,801.23 6 Vouchers for bank code : apbank 11,801.23Total vouchers :Vouchers in this report 6
9Page:
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57 09/11/2023
Prepaid-Check List
City of Lynwood
11 11:15:40AM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 208666 9/7/2023 003334 FED EX 8-157-01323 COURIER SERVICE 12.21

12.21COURIER SERVICE8-179-22858

12.21COURIER SERVICE8-242-32212
Total : 36.63
208667 9/7/2023 013425 MATSON, PATRICK 013425-091523 PER DIEM 280.00 Total : 280.00
Bank total : 316.63 2 Vouchers for bank code : apbank 316.63Total vouchers :Vouchers in this report 2
11Page:
58 vchlist �� Prepaid Check-��List Page: 12
09/11/2023 11:19:44AM City of Lynwood ��
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Voucher Date �� Vendor Invoice PO��
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Description/Account Amount
208668 9/11/2023�� 013084��LE,��JESSICA Ben155961 �� JESSICA HERRERA:��PAYMENT 293.00 �� Total��: 293.00
�� 1 Vouchers��for��bank code : apbank Bank total : 293.00 �� 1��Vouchers��in��this��report Total��vouchers��: 293.0 0 Page: ��59
09/11/2023
Check List
City of Lynwood
13 1:14:32PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 208669 9/19/2023 013931 AETNA RESOURCES FOR LIVING E0295174 05-001970 PROF & CONTRACTUAL SERVICES 218.23 05-001970 218.23PROF & CONTRACTUAL SERVICES E0299478
Total : 436.46
208670 9/19/2023 013738 AMAZON CAPITAL SERVICES INC 13H3-X6CG-19QL OPERATING SUPPLIES 18.69 305.38CPERATING SUPPLIES 1HPQ-3N19-MFVF
194.02OPERATING SUPPLIES 1Y67-CDNL-Q41J
Total : 518.09
208671 9/19/2023 011094 AM-TEC TOTAL SECURITY, INC. 630614 08-005189 PROF & CONTRACTUAL SERVICES 91.50 Total : 91.50
208672 9/19/2023 013991 ANGULO, ARON 001858-0109 REFUND-RECYCLING DEPOSIT 2,800.00 Total : 2,800.00
208673 9/19/2023 000012 AQUA METRIC SALES CO. INV0094583 06-009414 PROF & CONTRACTUAL SERVICES 17,915.63 06-009414 14,332.50PROF & CONTRACTUAL SERVICESINV0095525 06-009414 21,498.75PROF & CONTRACTUAL SERVICESINV0095776 Total : 53,746.88
208674 9/19/2023 013121 AUL HEALTH BENEFIT TRUST C/O, 221511 PROF & CONTRACTUAL SERVICES 1,680.00 Total : 1,680.00
208675 9/19/2023 004285 AVANT GARDE, INC. 8759 06-008790 PROF & CONTRACTUAL SERVICES 2,676.00 Total : 2,676.00
208676 9/19/2023 001075 BOMB ENTERTAINMENT 181 COMMUNITY ACTIVITY EXPENSE 600.00 1,000.00COMMUNITY ACTIVITY EXPENSE 186
Total : 1,600.00
208677 9/19/2023 000300 BUBBS HARDWARE 266 06-009969 OPERATING SUPPLIES 8.78 Total : 8.78
208678 9/19/2023 012044 C&S CONSTRUCTION 3 11-002261 PROF & CONTRACTUAL SERVICES 11,048.00 11-002261 4,500.00PROF & CONTRACTUAL SERVICES4
Total : 15,548.00
13Page:
60 09/11/2023
Check List
City of Lynwood
14 1:14:32PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 208679 9/19/2023 002561 CACEO 300018294 MEMBERSHIP DUES 100.00 Total : 100.00
208680 9/19/2023 000488 CANON SOLUTIONS AMERICA, INC 6004805856 12-000453 CANON PRINTS AND MAINTENANCE 25.29 12-000453 3,410.06CANON PRINTS AND MAINTENANCE 6004955825 12-000453 255.23CANON PRINTS AND MAINTENANCE 6005050150 12-000453 813.01CANON PRINTS AND MAINTENANCE 6005058116 12-000453 35.54CANON PRINTS AND MAINTENANCE 6005067884 12-000453 25.29CANON PRINTS AND MAINTENANCE 6005135806 Total : 4,564.42
208681 9/19/2023 013245 CARLO MAGNO 0381770 PROF & CONTRACTUAL SERVICES 230.00 Total : 230.00
208682 9/19/2023 010178 CEMEX, INC. 9448617793 06-010050 PROF & CONTRACTUAL SERVICES 624.02 Total : 624.02
208683 9/19/2023 000702 CINTAS DOCUMENT MANAGEMENT 8406419435 05-001968 PROF & CONTRACTUAL SERVICES 916.81 Total : 916.81
208684 9/19/2023 004168 CINTAS FIRE PROTECTION 5173753882 FIRST AID SUPPLIES 115.16 Total : 115.16
208685 9/19/2023 004691 CLA-VAL CO. 870603 06-010051 PROF & CONTRACTUAL SERVICES 5,843.81 Total : 5,843.81
208686 9/19/2023 001571 CLINICAL LAB OF SAN BERNARDINO 2301276-LYN01 06-010006 PROF & CONTRACTUAL SERVICES 1,925.00 Total : 1,925.00
208687 9/19/2023 010754 COOL IMAGE WATER, DBA/ AMERICAN 1929 05-001966 PROF & CONTRACTUAL SERVICES 12.99 02-002671 36.25PROF & CONTRACTUAL SERVICES1958
05-001966 33.23PROF & CONTRACTUAL SERVICES1959
Total : 82.47
208688 9/19/2023 010638 COURT OF CALIFORNIA, COUNTY OF LA 010638-073123 COUNTY FEES 17,992.00 Total : 17,992.00
208689 9/19/2023 003352 DEPT. OF JUSTICE CTRL SERVICES 671526 PROF & CONTRACTUAL SERVICES 32.00 14Page:
61 09/11/2023
Check List
City of Lynwood
15 1:14:32PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 32.00 208689 9/19/2023 003352 003352 DEPT. OF JUSTICE CTRL SERVICES 208690 9/19/2023 008526 DORECK EQUIPMENT RENTALS, INC 23MS53-01 PROF & CONTRACTUAL SERVICES 4,977.80 Total : 4,977.80
208691 9/19/2023 012042 ECHEMENDIA, RAUL 002323-0060 REFUNDABLE DEPOSIT -PERMIT 14,850.00 Total : 14,850.00
208692 9/19/2023 000738 ENGRAVING & AWARDS & GIFTS 424453 COMMUNITY ACTIVITES EXPENSE 490.14 Total : 490.14
208693 9/19/2023 008756 EQUIPMENT & SERVICES, LLC, ANIMAL 114417 OPERATING SUPPLIES 1,303.56 695.00OPERATING SUPPLIES114439
Total : 1,998.56
208694 9/19/2023 013984 ESTRADA, ANGELICA 002555-0102 REFUNDABLE DEPOSIT-EVENT 200.00 Total : 200.00
208695 9/19/2023 001087 FANTASY FLOWERS AND GIFTS 3988 08-005192 COMMUNITY ACTIVITIES EXPENSE 363.83 Total : 363.83
208696 9/19/2023 013779 FELIX, JOSE 002112-0054 REFUNDABLE DEPOSIT 2,300.00 Total : 2,300.00
208697 9/19/2023 013503 FINANCIAL SERVICES LLC, PITNEY 3106212873 OPERATING EXPENSE 865.07 Total : 865.07
208698 9/19/2023 000003 FIRST CHOICE SERVICES 809582 06-009972 OFFICE SUPPLIES 14.28 06-009972 104.55OFFICE SUPPLIES 812147
Total : 118.83
208699 9/19/2023 013645 GASCA, KARLA 001818-0025 REFUNDABLE DEPOSIT 3,800.00 Total : 3,800.00
208700 9/19/2023 013702 GOOD GUARD SECURITY INC 2479 08-005191 PROF & CONTRACTUAL SERVICES 13,875.82 08-005190 151.10PROF & CONTRACTUAL SERVICES2587
08-005190 226.65PROF & CONTRACTUAL SERVICES2588
08-005190 392.86PROF & CONTRACTUAL SERVICES2589
15Page:
62 09/11/2023
Check List
City of Lynwood
16 1:14:32PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 208700 9/19/2023 (Continued) 013702 GOOD GUARD SECURITY INC 08-005190 181.32PROF & CONTRACTUAL SERVICES2811
08-005190 392.86PROF & CONTRACTUAL SERVICES2812
08-005190 264.43PROF & CONTRACTUAL SERVICES2853
08-005190 453.30PROF & CONTRACTUAL SERVICES2854
Total : 15,938.34
208701 9/19/2023 014006 GREEN, LAWRENCE 002363-0046 REFUNDABLE DEPOSIT 100.00 Total : 100.00
208702 9/19/2023 005769 HARRINGTON INDUSTRIAL PLASTIC 001HA129 06-010000 PROF & CONTRACTUAL SERVICES 138.35 Total : 138.35
208703 9/19/2023 003338 HILLYARD-LOS ANGELES 605218597 06-010002 PROF & CONTRACTUAL SERVICES 1,450.58 06-010002 35.25PROF & CONTRACTUAL SERVICES605218598
Total : 1,485.83
208704 9/19/2023 013993 INFRASTRUCTURE ARCHITECTS,INC 383 PROF & CONTRACTUAL SERVICES 800.00 Total : 800.00
208705 9/19/2023 008254 JCL TRAFFIC SERVICES 120737 06-010010 OPERATING SUPPLIES 2,614.27 Total : 2,614.27
208706 9/19/2023 000001 KING FENCE, INC 48489 11-002260 OPERATING SUPPLIES 4,088.92 08-005193 42.50OPERATING SUPPLIES 48624
Total : 4,131.42
208707 9/19/2023 013488 LIN, GRACE C 5121 COMMUNITY ACTIVITY EXPENSE 475.00 Total : 475.00
208708 9/19/2023 013395 M&C CONSTRUCTION GROUP INC 2088 PROF & CONTRACTUAL SERVICES 4,755.00 Total : 4,755.00
208709 9/19/2023 002761 MARCO POWER EQUIPMENT 41212132 06-010012 OPERATING SUPPLIES 51.54 Total : 51.54
208710 9/19/2023 007207 MUNI TEMPS 130266 03-000452 PROF & CONTRACTUAL SERVICES 6,320.00 16Page:
63 09/11/2023
Check List
City of Lynwood
17 1:14:32PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 6,320.00 208710 9/19/2023 007207 007207 MUNI TEMPS 208711 9/19/2023 014002 MURILLO, ROBERT 001962-0009 REFUND-PERMIT 15,015.00 Total : 15,015.00
208712 9/19/2023 000841 NADA BUS, INC. 51474 TRANSPORTATION SERVICE 1,400.00 Total : 1,400.00
208713 9/19/2023 007340 NEOGOV INV-33869 05-001969 PROF & CONTRACTUAL SERVICES 7,306.89 Total : 7,306.89
208714 9/19/2023 011922 NORTH STAR LAND CARE 1601-579 06-010046 PROF & CONTRACTUAL SERVICES 3,600.00 Total : 3,600.00
208715 9/19/2023 000078 ODP BUSINESS SOLUTIONS,LLC 328052070001 02-002674 OFFICE SUPPLIES 338.41 06-010003 223.29OFFICE SUPPLIES328228623001
02-002674 64.66OFFICE SUPPLIES 328293462001
06-010003 66.04OFFICE SUPPLIES 328465960001
02-002674 53.57OFFICE SUPPLIES 329398947001
Total : 745.97
208716 9/19/2023 014007 PATTON, UNIQUE 002597-0040 REFUNDABLE DEPOSIT 200.00 Total : 200.00
208717 9/19/2023 005588 PLUMBERS DEPOT, INC PD-54373 06-010014 MAINTENANCE SERVICE 225.76 Total : 225.76
208718 9/19/2023 007243 PUBLIC WORKS, LOS ANGELES COUNTY IN240000117 PROF & CONTRACTUAL SERVICES 14,526.15 3,596.30PROF & CONTRACTUAL SERVICESRE-PW-23081400488
1,223.88PROF & CONTRACTUAL SERVICESRE-PW-23081400531
3,318.23PROF & CONTRACTUAL SERVICESRE-PW-23081400831
Total : 22,664.56
208719 9/19/2023 001313 QUINONEZ, MARIA 001313-093023 ELECTRONIC MEDIA & AUTO EXPENSE 500.00 Total : 500.00
208720 9/19/2023 001057 RAMIREZ, JUAN E. 230824 03-000454 PROF & CONTRACTUAL SERVICES 720.00 17Page:
64 09/11/2023
Check List
City of Lynwood
18 1:14:32PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 720.00 208720 9/19/2023 001057 001057 RAMIREZ, JUAN E. 208721 9/19/2023 008745 SAN FRANCISCO LAUNDRY 61756 PROF & CONTRACTUAL SERVICES 675.15 Total : 675.15
208722 9/19/2023 007205 SANCHEZ AWARDS 2295 01-001796 COMMUNITY ACTIVITIES EXPENSE 110.25 Total : 110.25
208723 9/19/2023 009040 STOTZ EQUIPMENT W32445 06-010025 REPAIRS AND MAINTENANCE 528.94 Total : 528.94
208724 9/19/2023 014003 SYNERGY COMPANIES 002388-0083 REFUND-PERMIT 183.00 Total : 183.00
208725 9/19/2023 002938 TAJ OFFICE SUPPLY 03883 11-002263 OFFICE SUPPLIES 153.91 11-002263 132.30OFFICE SUPPLIES03891
11-002263 60.74OFFICE SUPPLIES 03897

8.67OFFICE SUPPLIES 03944
06-009984 51.82OFFICE SUPPLIES 03991
11-002263 896.58OFFICE SUPPLIES 04028
06-009984 103.64OFFICE SUPPLIES 04030
Total : 1,407.66
208726 9/19/2023 013215 THE HOME DEPOT PRO SUPPLY WORK 752960278 08-005194 OPERATING SUPPLIES 56.25 08-005194 -37.65OPERATING SUPPLIES 752960864
08-005194 44.07OPERATING SUPPLIES 754614030
06-009967 283.48OPERATING SUPPLIES 757983960
06-009967 12.98OPERATING SUPPLIES 758948293
06-009967 287.08OPERATING SUPPLIES 758973291
06-009967 69.38OPERATING SUPPLIES 759159726
06-009967 292.53OPERATING SUPPLIES 759180136
06-009967 348.02OPERATING SUPPLIES 759180847
06-009967 23.89OPERATING SUPPLIES 759427479
06-009967 112.35OPERATING SUPPLIES 759670623
08-005194 143.99OPERATING SUPPLIES 759710312
06-009967 80.20OPERATING SUPPLIES759884414
06-009967 616.00OPERATING SUPPLIES 760677906
06-009967 213.03OPERATING SUPPLIES 760678193
18Page:
65 09/11/2023
Check List
City of Lynwood
19 1:14:32PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 208726 9/19/2023 (Continued) 013215 THE HOME DEPOT PRO SUPPLY WORK 06-009967 376.19OPERATING SUPPLIES 761367564
06-009967 316.81OPERATING SUPPLIES761889682
06-009967 19.48OPERATING SUPPLIES 762558666
06-009967 286.66OPERATING SUPPLIES 762565638
06-009967 18.03OPERATING SUPPLIES762789675
08-005194 274.52OPERATING SUPPLIES 763252756
Total : 3,837.29
208727 9/19/2023 006066 THE SHERWIN WILLIAMS CO. 6776-1 OPERATING SUPPLIES 3,569.90 Total : 3,569.90
208728 9/19/2023 010066 TRI-WEST MECHANICAL, INC. TWM12081 06-010061 MAINTENANCE SERVICE 790.00 Total : 790.00
208729 9/19/2023 013487 TRUSAIC CINV-031591 05-001965 PROF & CONTRACTUAL SERVICES 515.00 Total : 515.00
208730 9/19/2023 007742 ULINE, INC. 167790882 06-009986 OPERATING SUPPLIES 327.51 964.60OPERATING SUPPLIES167941665
Total : 1,292.11
208731 9/19/2023 000166 UNDERGROUND SERVICE ALERT/SC 23-240660 06-010028 OPERATING SUPPLIES 104.91 06-010028 144.75OPERATING SUPPLIES 820230418
Total : 249.66
208732 9/19/2023 009742 UNIFIRST CORPORATION 2190045505 06-010029 UNIFORM SERVICE AND SUPPLIES 111.77 06-010029 66.02UNIFORM SERVICE AND SUPPLIES 2190045506 06-010029 123.67UNIFORM SERVICE AND SUPPLIES 2190045507 06-010029 118.58UNIFORM SERVICE AND SUPPLIES 2190045508 06-010029 111.03UNIFORM SERVICE AND SUPPLIES 2190045509 06-010029 81.76UNIFORM SERVICE AND SUPPLIES 2190048648 06-010029 67.52UNIFORM SERVICE AND SUPPLIES 2190048650 06-010029 123.67UNIFORM SERVICE AND SUPPLIES 2190048652 06-010029 133.84UNIFORM SERVICE AND SUPPLIES 2190048653 06-010029 111.03UNIFORM SERVICE AND SUPPLIES 2190048655 Total : 1,048.89
19Page:
66 09/11/2023
Check List
City of Lynwood
20 1:14:32PM
Page:vchlist
Bank code : apbank
Voucher Date Vendor Invoice PO # Description/Account Amount 208733 9/19/2023 011540 VEGA, CARLA 002520-0009 REFUNDABLE DEPOSIT 100.00 Total : 100.00
208734 9/19/2023 002912 WATERLINE TECHNOLOGIES,INC 5649656 06-010016 OPERATING SUPPLIES 843.41 06-010016 472.31OPERATING SUPPLIES5649657
06-010016 438.57OPERATING SUPPLIES5650878
06-010016 894.02OPERATING SUPPLIES 5650880
06-010016 472.31OPERATING SUPPLIES5650882
Total : 3,120.62
208735 9/19/2023 009100 WATERWORKS TECHNOLOGY,INC. 7001 06-010065 PROF & CONTRACTUAL SERVICES 34,700.00 06-010065 1,004.00PROF & CONTRACTUAL SERVICES7006
06-010065 34,700.00PROF & CONTRACTUAL SERVICES7007
Total : 70,404.00
Bank total : 318,516.03 67 Vouchers for bank code : apbank 318,516.03Total vouchers :Vouchers in this report 67
20Page:
67 AGENDA STAFF REPORT

DATE:

September 19, 2023
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Luis Cuellar, City Treasurer
Sheila Harding, Deputy City Treasurer
SUBJECT:

TREASURER'S QUARTERLY REPORT
Agenda Item # 9.2.

Recommendation:

Background:

Due to the crises caused by the Orange County Investment Pool, the State Legislature in 1995 enacted SB866. These laws were enacted as State Statutes to impose certain mandates regarding investments with public funds. The statutes have imposed the following mandates:

1 .

Annual adoption of an Investment Policy that incorporates changes mandated by the State.
2 .

Quarterly Investment Reports presented to the Legislative Body or Board Members. 3 .

Restriction on the use of certain investment instruments.

The purpose of the Treasurer's report is to update the City Council and the public of the status of the City's cash balances investments and highlight changes from one period to another.

This report includes reconciliation between cash and investment balances, a schedule of all investments, and a report providing information on all investment types, costs, interest rates, maturity dates and current market value.

Discussion and Analysis:

The market value of securities fluctuates, depending on how interest rates perform. When interest rates decrease, the market value of the securities in the City's portfolio will likely City Council City Council Regular Meeting 68
June 2023.pdf
FHN - APRIL 2023.pdf
FHN - MAY 2023.pdf

FHN -JUNE
2023.pdf
increase and when the interest rates increase, the market value of the securities will likely decrease, the City's practice is to buy and hold investments until maturity so changes in the market price do not affect the City's investment principal.

Short-term excess cash is primarily invested in the Local Agency Investment Fund (LAIF) administered by the State Treasurer. LAIF is a high quality investment available in terms of safety, liquidity and yield. The City's cash and investment portfolio is sufficiently liquid to meet expected expenditures for the coming six months.

The majority of property tax revenues are received from the County in December and April and a portion of the revenue received is invested in the (LAIF) and can be withdrawn at any time.

The market valuation is provided by FTN Main Street Capital Advisors and all of the investments are in compliance with California Government Code Sections 53600 et seq. and the City's Investment Policy.

Fiscal Impact:

There is no fiscal impact
Coordinated With:

FTN Financial Main Street Advisors
ATTACHMENTS:

Description
City Council City Council Regular Meeting 69
PAR MARKET BOOK % OF

INVESTMENTS VALUE VALUE VALUE PORTFOLIO
*Money Market Funds 93,328.79$ 93,328.79$ 93,328.79$ 0.25% LAIF 9,710,816.80$ 9,710,816.80$ 9,710,816.80$ 26.27% Corporate Notes 3,500,000.00$ 3,370,127.50$ 3,489,970.23$ 9.44% Commercial Paper 500,000.00$ 499,225.00$ 499,806.17$ 1.35% Federal Agency 10,440,000.00$ 10,037,715.40$ 10,396,230.98$ 28.13% Treasury Coupon Securities 6,630,000.00$ 6,186,375.80$ 6,615,279.05$ 17.90% CD-FDIC 6,157,000.00$ 5,995,122.14$ 6,153,985.50$ 16.65% TOTAL 37,031,145.59$ 35,892,711.43$ 36,959,417.52$ 100.00% *Money Market Fund held at Goldman Sach
Schedule of City Cash & Investments: This schedule provides information on the cash and investments managed by the City.

Interest Credit
Time Deposit/MM/Certificate of Deposit Balance Maturity Date F/Y to Date JP Morgan Chase (Section 108) 126,484.90$ N/A 3,825.20$ JP Morgan Chase - Money Market Account 1,900,171.81$ N/A 5,894.78$ JP Morgan Chase - Parking Enforcement 6,457,307.03$ N/A 31,226.52$ US Bank - City of Lynwood 4,540.38$ N/A 0.10$ TOTAL 8,488,504.12$ 40,946.60$
Corporate Checking Accounts Balance
General Account 45,772,564.15$
US Bank - City HCDA 150,518.11$
US Bank - City Home Program 1,020,153.96$
US Bank - Economic Development 10,696.54$
US Bank - Housing Authority A 79,424.18$
US Bank - Housing Authority B 18,000.09$
US Bank - Lyn Tr. Center Unf Wrkr 2,791.24$
US Bank - City of Lynwood 49,028.48$
US Bank - RORF Successor Agency 7,826,014.85$
US Bank - Low Mod Housing Trst Fnd/Rogel 6,910,066.97$
US Bank - Taxable Tabs Housing Proj. 2,611,325.52$
US Bank - US Dept. of HUD/Section 108 170,048.96$
US Bank - Lynwood Disaster Relief Fund 5,000.00$
US Bank - Settlement Remittance Fund 340,637.36$
US Bank - Housing Authority 6,376.71$
TOTAL 64,972,647.12$

CITY OF LYNWOOD

QUARTERLY REPORT
June 30, 2023

PORTFOLIO SUMMARY
June 2023
70 AVERAGE
MARKET PERCENTAGE (%) DAYS TO

DESCRIPTION VALUE PORTFOLIO MATURITY
INVESTMENTS* 35,892,711.43 100% *
MONEY MARKET/CUSTODY HOLDINGS 8,488,504.12
DEMAND DEPOSIT ACCOUNTS 64,972,647.12

TOTAL AVERAGES 73,461,151.24$
TOTAL INVESTMENTS & AVERAGES 109,353,862.67$
Luis Cuellar/Sheila Harding
Luis Cuellar/Sheila Harding I certify that this report accurately reflects all pooled City Treasurer/Deputy City Treasurer investment policy statements adopted by the City Council on August 15, 1995. A copy of this policy is available at the office of the City Clerk. The Investment Program herein shown provides sufficient cash flow liquidy to meet 3 to 6 months estimated expenditures.
*See Report Prepared by Main Street Capital Advisors

CITY OF LYNWOOD

QUARTERLY REPORT
June 30, 2023

MASTER SUMMARY
June 2023
71 APRIL MAY JUNE
Market Value $36,034,503 $35,980,160 $35,892,711
Book Value $36,855,143 $36,918,580 $36,959,418
Variance -$820,640 -$938,420 -$1,066,706
Par Value $36,939,052 $36,992,817 $37,031,146
Net Asset Value $97.77 $97.46 $97.11
Book Yield 2.74% 2.78% 2.84%
Market Yield 4.05% 4.31% 4.72%
Years to Maturity 1.83 1.79 1.76
Effective Durantion 1.55 1.46 1.46

APRIL MAY JUNE
Total Earnings Per Month 60,662.56 75,237.91 60,976.75
F/Y Earnings to Date $653,599.11 $728,837.03 $789,813.78 Average Daily Balance $36,817,284.86 $36,880,435.58 $36,925,193.72 F/Y Average Daily Balance $35,431,645.24 $35,563,353.46 $35,676,840.15 Book Rate of Return 2.00% 2.40% 2.01%
F/Y Book Rate of Return 2.21% 2.23% 2.21%

APRIL MAY JUNE
CD-FDIC 5,661,000.00 6,157,000.00 6,157,000.00
Commercial Paper 500,000.00 500,000.00 500,000.00
Corporate Bonds 3,500,000.00 3,500,000.00 3,500,000.00
LAIF 9,710,816.80 9,710,816.80 9,710,816.80
Money Market Funds 127,234.79 55,000.40 93,328.79
U.S. Agencies 10,440,000.00 10,440,000.00 10,440,000.00 U.S. Treasuries 7,000,000.00 6,630,000.00 6,630,000.00
TOTAL 36,939,051.59 36,992,817.20 37,031,145.59

HOLDINGS

PORTFOLIO SUMMARY

AT A GLANCE

ACCOUNT SUMMARY
APRIL - JUNE 2023
72 Run Date: 5/4/2023 - 12:59 PM
Amortizing Page 2
Portfolio Summary
City of Lynwood 4/30/2023

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)

ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 4/30/23 3/31/23 Issuer % Portfolio
Market Value $36,034,503 $35,917,091 LAIF 26.3%
Book Value $36,855,143 $36,764,317 FHLB 20.9%
Variance -$820,640 -$847,226 U.S. Treasury 18.9%
FFCB 4.6%
Par Value $36,939,052 $36,851,305 JPMorgan 1.4%
FNMA 1.4%
Net Asset Value $97.77 $97.70 MetLife 1.4%
FHLMC 1.4%
Book Yield 2.74% 2.73% Apple 1.3%
Royal Bank of Canada 1.3%
Market Yield 4.05% 4.01% 3M 1.3%
Exxon Mobil 0.7%
Years to Maturity 1.83 1.90 Toyota 0.7%
US Bancorp 0.7%
Effective Duration 1.55 1.55 New York Life 0.7%
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23

0.60%

1.10%

1.60%

2.10%

2.60%

3.10%

0.3%

1.3%

9.5%

15.4%

18.9%

26.3%

28.2%
MMF
CP
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%

41.3%

13.5%

18.2%

11.3%

15.6%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%

41.7%

1.4%

4.0%

1.4%

0.7%

49.5%

1.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 73
Run Date: 5/4/2023 - 12:59 PM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 4/30/2023
Category Book Value % of Portfolio Allowed by Policy In ComplianceReserved row US Treasuries 6,977,606.55 18.93% 100% Yes
US Federal Agencies 10,394,613.31 28.20% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,710,816.80 26.35% $75,000,000 Yes
Commercial Paper 495,929.61 1.35% 25% Yes
Money Market Funds 127,234.79 0.35% 20% Yes
Negotiable Certificates of Deposit 5,659,367.58 15.36% 30% Yes Corporate Obligations 3,489,574.05 9.47% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 36,855,142.68 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.83 Less than 3.0 Years Yes
Liquidity 41.27% 30% Under 365 Days Yes
Ratings Yes
3 74
Run Date: 5/4/2023 - 12:59 PM
Amortizing Page 11
Historical Earnings & Book Return Performance
City of Lynwood 4/30/2023
Fiscal YTD ($K) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY 2021 $35.200 $66.215 $94.922 $120.389 $147.318 $173.870 $199.724 $223.094 $247.869 $271.162 $294.542 $316.873 FY 2022 $18.153 $37.347 $56.010 $82.204 $100.760 $118.668 $142.482 $159.901 $178.121 $203.773 $222.371 $242.161 FY 2023 $22.510 $61.308 $112.501 $198.598 $252.119 $307.834 $413.953 $476.124 $592.937 $653.599 Fiscal YTD Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Book Return 0.97% 1.17% 1.36% 1.75% 1.76% 1.76% 2.02% 2.04% 2.24% 2.21% Fiscal Year-To-Date Earnings
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
$0
$100
$200
$300
$400
$500
$600
$700
Thousands
FY 2021
FY 2022
FY 2023
Fiscal Year-To-Date Book Return
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

0.00%

0.25%

0.50%

0.75%

1.00%

1.25%

1.50%

1.75%

2.00%

2.25%

2.50%
11 75
Portfolio Summary
City of Lynwood April 30, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 5,661,000.00 5,659,367.58 15.36 3.12 1,069 5,579,077.34 Commercial Paper 500,000.00 495,929.61 1.35 4.76 64 494,884.50 Corporate Bonds 3,500,000.00 3,489,574.05 9.47 3.22 739 3,400,397.50 LAIF 9,710,816.80 9,710,816.80 26.35 2.87 1 9,710,816.80 Money Market Funds 127,234.79 127,234.79 0.35 4.76 1 127,234.79 U.S. Agencies 10,440,000.00 10,394,613.31 28.20 3.21 939 10,098,132.20 U.S. Treasuries 7,000,000.00 6,977,606.55 18.93 1.12 888 6,623,960.00 36,855,142.68 100.00 668 36,034,503.13 2.74 36,939,051.59 Investments
April 30 Month Ending Fiscal Year To DateTotal Earnings Current Year 60,662.56 653,599.11
Average Daily Balance 36,817,284.86 35,431,645.24
Book Rate of Return 2.00% 2.21%
Run Date: 5/4/2023 - 12:57 PM
Amortizing
15 76
Holdings Report
City of Lynwood April 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP
Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
20033AZK5 248,000.00Comenity Capital Bank 06/29/2018
247,427.12 99.66 247,159.89 0.67% NR/NR 0.1606/29/2023 -821.28 NR 0.24 739.92 3.40% 247,981.18 5.38%3.300%
38148PR33 248,000.00Goldman Sachs Bank 07/09/2018 247,432.08 99.63 247,085.39 0.67% NR/NR 0.1807/06/2023 -893.74 NR 0.26 2,578.52 3.35% 247,979.13 5.26%3.300% 949763TF3 248,000.00Wells Fargo Bank NA 08/31/2018 247,429.60 99.30 246,251.69 0.67% NR/NR 0.3308/30/2023 -1,710.17 NR 0.41 717.50 3.35% 247,961.87 5.45%3.300% 29278TLY4 248,000.00EnerBank 09/30/2019 247,523.84 98.61 244,559.66 0.67% NR/NR 0.4109/27/2023 -3,391.35 NR 0.48 54.36 2.05% 247,951.01 5.47%2.000% 17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 98.06 243,185.54 0.67% NR/NR 0.8302/27/2024 -4,719.34 NR 0.88 1,284.16 3.05% 247,904.89 5.42%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 95.75 237,454.99 0.67% NR/NR 1.3809/13/2024 -10,545.01 NR 1.42 615.92 1.85% 248,000.00 5.10%1.850% 27002YFE1 248,000.00EagleBank 08/18/2022 248,000.00 97.88 242,746.12 0.67% NR/NR 2.3008/18/2025 -5,253.88 NR 2.26 291.48 3.30% 248,000.00 4.27%3.300% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 91.44 226,767.05 0.67% NR/NR 2.4109/25/2025 -21,232.95 NR 2.46 125.70 0.50% 248,000.00 4.29%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 91.53 226,999.75 0.67% NR/NR 2.9904/27/2026 -21,000.25 NR 3.01 27.18 1.00% 248,000.00 4.03%1.000% 02007GUP6 248,000.00Ally Bank 07/07/2022 248,000.00 98.29 243,756.04 0.67% NR/NR 3.1907/07/2026 -4,243.96 NR 3.05 2,594.83 3.35% 248,000.00 3.92%3.350% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 91.00 225,681.57 0.67% NR/NR 3.2107/15/2026 -22,318.43 NR 3.22 684.21 0.95% 248,000.00 3.96%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 90.79 225,163.77 0.67% NR/NR 3.2808/11/2026 -22,836.23 NR 3.30 129.10 0.95% 248,000.00 3.95%0.950% 15721UFP9 248,000.00CFBank 03/15/2023 248,000.00 102.79 254,924.21 0.67% NR/NR 3.3809/15/2026 6,924.21 NR 3.15 516.38 4.75% 248,000.00 3.86%4.750% 32117BFR4 248,000.00First National Bank 03/23/2023 248,000.00 103.62 256,968.35 0.67% NR/NR 3.4009/23/2026 8,968.35 NR 3.15 271.78 5.00% 248,000.00 3.86%5.000% 254673L38 248,000.00Discover Bank 07/07/2022 248,000.00 98.75 244,887.84 0.67% NR/NR 4.1907/06/2027 -3,112.16 NR 3.91 2,656.66 3.40% 248,000.00 3.73%3.400% 14042RST9 248,000.00Capital One Bank NA 07/07/2022 248,000.00 98.94 245,369.26 0.67% NR/NR 4.1907/07/2027 -2,630.74 NR 3.91 2,672.28 3.45% 248,000.00 3.72%3.450% 14042TJD0 248,000.00Capital One Bank USA 08/03/2022 248,000.00 99.36 246,406.38 0.67% NR/NR 4.2608/03/2027 -1,593.62 NR 3.97 2,098.49 3.55% 248,000.00 3.71%3.550% 61768ELH4 248,000.00Morgan Stanley Private Bank 08/04/2022 248,000.00 99.16 245,913.84 0.67% NR/NR 4.2708/04/2027 -2,086.16 NR 3.97 2,045.15 3.50% 248,000.00 3.71%3.500% 87164XN93 248,000.00Synchrony Bank 08/05/2022 248,000.00 99.16 245,912.66 0.67% NR/NR 4.2708/05/2027 -2,087.34 NR 3.98 2,021.37 3.50% 248,000.00 3.71%3.500% Run Date: 5/4/2023 - 12:57 PM
Amortizing
16 77
Holdings Report
City of Lynwood April 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP
Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
02589ADQ2 205,000.00American Express National Bank 08/12/2022 203,975.00 98.96 202,861.91 0.55% NR/NR 4.2808/10/2027 -1,259.76 NR 4.00 1,550.14 3.56% 204,121.67 3.71%3.450% 32114VCH8 248,000.00First National Bank of Michigan 03/15/2023 248,000.00 104.34 258,762.50 0.67% NR/NR 4.8803/15/2028 10,762.50 NR 4.38 500.08 4.60% 248,000.00 3.62%4.600% 61690U3C2 248,000.00Morgan Stanley Bank 03/16/2023 247,454.40 105.20 260,906.15 0.67% NR/NR 4.8803/16/2028 13,438.31 NR 4.36 1,500.23 4.85% 247,467.84 3.63%4.800% 062119BK7 248,000.00Bank Five Nine 03/20/2023 248,000.00 104.58 259,352.77 0.67% NR/NR 4.8903/20/2028 11,352.77 NR 4.39 347.54 4.65% 248,000.00 3.62%4.650% 5,656,669.16 5,579,077.34 15.36% 2.93
5,659,367.58 3.12% 5,661,000.00 4.24% 26,022.98 -80,290.23 2.78Total Certificates of Deposit Commercial Paper
78015DU32 500,000.00Royal Bank of Canada, NY 10/07/2022 482,813.89 98.98 494,884.50 1.35% P-1/A-1+ 0.1807/03/2023 -1,045.11 F1+ 0.26 0.00 4.76% 495,929.61 5.90%0.000% 482,813.89 494,884.50 1.35% 0.18
495,929.61 4.76% 500,000.00 5.90% 0.00 -1,045.11 0.26Total Commercial Paper Corporate Bonds
90331HNV1 250,000.00US Bank 03/01/2019
253,307.50 99.55 248,865.00 0.68% A2/AA- 0.2307/24/2023 -1,310.51 AA- 0.30 2,290.28 3.08% 250,175.51 5.32%3.400% 06/23/2023 89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 98.79 246,980.00 0.68% A1/A+ 0.6901/08/2024 -3,522.38 A+ 0.74 2,628.82 3.03% 250,502.38 5.15%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 98.51 492,550.00 1.37% A1/A- 1.0405/13/2024 -10,582.16 AA- 1.06 8,458.33 2.97% 503,132.16 5.12%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 95.26 238,147.50 0.68% Aaa/AA+ 1.7301/22/2025 -11,542.36 AAA 1.73 1,375.00 2.08% 249,689.86 4.89%2.000% 88579YBH3 500,000.003M 09/07/2022 476,510.00 95.32 476,605.00 1.31% A1/A 1.8002/14/2025 -6,145.79 NR 1.79 2,138.89 4.04% 482,750.79 4.76%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 97.34 243,355.00 0.70% Aa2/AA- 1.8903/19/2025 -15,695.35 NR 1.84 872.67 0.99% 259,050.35 4.48%2.992% 02/19/2025 59217GFC8 500,000.00MetLife 08/25/2022 499,380.00 97.83 489,170.00 1.36% Aa3/AA- 2.3208/25/2025 -10,350.65 AA- 2.23 3,712.50 4.09% 499,520.65 5.05%4.050% 037833BY5 500,000.00Apple 08/25/2022 496,085.00 97.78 488,880.00 1.35% Aaa/AA+ 2.8202/23/2026 -7,967.46 NR 2.63 3,069.44 3.49% 496,847.46 4.09%3.250% Run Date: 5/4/2023 - 12:57 PM
Amortizing
17 78
Holdings Report
City of Lynwood April 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP
Coupon Rate
Issuer
Book Yield
Remaining
Corporate Bonds
808513BW4 250,000.00Charles Schwab 04/12/2022
249,407.50 93.22 233,037.50 0.68% A2/A- 3.9204/01/2027 -16,495.19 A 3.62 687.50 3.35% 249,532.69 5.24%3.300% 023135CF1 250,000.00Amazon 06/09/2022 248,005.00 97.12 242,807.50 0.67% A1/AA 3.9604/13/2027 -5,564.70 AA- 3.62 412.50 3.48% 248,372.20 4.10%3.300% 3,513,210.00 3,400,397.50 9.47% 2.03
3,489,574.05 3.22% 3,500,000.00 4.80% 25,645.93 -89,176.55 1.94Total Corporate Bonds LAIF
9819499 9,710,816.80LAIF 04/14/2023
9,710,816.80 1.00 9,710,816.80 26.35% NR/NR 0.0005/01/2023

0.00 NR 0.00 0.00 2.87% 9,710,816.80 2.87%2.870%
9,710,816.80 9,710,816.80 26.35% 0.00
9,710,816.80 2.87% 9,710,816.80 2.87% 0.00 0.00 0.00Total LAIF Money Market Funds
FGTXX 127,234.79Goldman Sachs Govt MMF 127,234.79 1.00 127,234.79 0.35% Aaa/AAA 0.0005/01/2023

0.00 NR 0.00 465.08 4.76% 127,234.79 4.76%4.760%
127,234.79 127,234.79 0.35% 0.00
127,234.79 4.76% 127,234.79 4.76% 465.08 0.00 0.00Total Money Market Funds U.S. Agencies
3130A0XE5 1,640,000.00FHLB 08/22/2022
1,636,785.60 98.61 1,617,253.20 4.45% Aaa/AA+ 0.8603/08/2024 -20,966.16 AAA 0.90 7,846.94 3.38% 1,638,219.36 4.92%3.250% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 96.76 483,805.00 1.36% Aaa/AA+ 1.1707/01/2024 -16,171.60 AAA 1.20 3,166.67 1.90% 499,976.60 4.78%1.900% 3133ENG20 1,000,000.00FFCB 08/18/2022 998,300.00 98.34 983,410.00 2.71% Aaa/AA+ 1.3008/15/2024 -15,487.49 AAA 1.31 6,966.67 3.39% 998,897.49 4.63%3.300% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 95.87 191,744.00 0.54% Aaa/AA+ 1.4710/16/2024 -7,779.41 AAA 1.48 125.00 1.67% 199,523.41 4.45%1.500% 3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 96.53 482,630.00 1.40% Aaa/AA+ 1.8703/14/2025 -34,812.97 AAA 1.87 1,550.35 0.49% 517,442.97 4.33%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 92.14 460,710.00 1.36% Aaa/AA+ 2.2908/12/2025 -39,290.00 AAA 2.31 506.94 0.50% 500,000.00 4.14%0.500% 02/18/2022 Run Date: 5/4/2023 - 12:57 PM
Amortizing
18 79
Holdings Report
City of Lynwood April 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP
Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
3130ASYR4 2,000,000.00FHLB 08/30/2022
2,000,000.00 98.69 1,973,760.00 5.43% Aaa/AA+ 2.3308/28/2025 -26,240.00 AAA 1.40 14,000.00 4.00% 2,000,000.00 4.60%4.000% 05/28/2023 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 91.59 457,925.00 1.35% Aaa/AA+ 2.4009/23/2025 -40,860.57 AAA 2.41 197.92 0.48% 498,785.57 4.10%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 90.37 451,860.00 1.36% Aaa/AA+ 3.6712/30/2026 -48,140.00 AAA 3.54 2,302.36 1.37% 500,000.00 4.23%1.370% 06/30/2023 3130AL5A8 500,000.00FHLB 02/09/2023 438,340.00 88.79 443,935.00 1.20% Aaa/AA+ 3.8302/26/2027 2,167.09 AAA 3.74 812.50 4.25% 441,767.91 4.10%0.900% 05/26/2023 3130ARTT8 600,000.00FHLB 05/19/2022 600,000.00 96.89 581,340.00 1.63% Aaa/AA+ 4.0505/19/2027 -18,660.00 AAA 2.31 8,100.00 3.00% 600,000.00 3.84%3.000% 05/19/2023 3130AT2L0 1,000,000.00FHLB 08/30/2022 1,000,000.00 97.32 973,240.00 2.71% Aaa/AA+ 4.3208/25/2027 -26,760.00 AAA 2.54 7,425.00 4.05% 1,000,000.00 4.74%4.050% 08/25/2023 3130AV6P2 1,000,000.00FHLB 03/27/2023 1,000,000.00 99.65 996,520.00 2.71% Aaa/AA+ 4.9103/27/2028 -3,480.00 AAA 0.77 5,713.89 6.05% 1,000,000.00 6.13%6.050% 06/27/2023 10,410,530.60 10,098,132.20 28.20% 2.57
10,394,613.31 3.21% 10,440,000.00 4.68% 58,714.24
-296,481.11 1.73Total U.S. Agencies
U.S. Treasuries
91282CAW1 1,000,000.00U.S. Treasury 07/22/2021
999,960.94 97.50 975,040.00 2.71% Aaa/AA+ 0.5511/15/2023 -24,950.81 AAA 0.60 1,153.31 0.25% 999,990.81 4.98%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 95.86 479,280.00 1.35% Aaa/AA+ 0.9604/15/2024 -19,239.22 AAA 1.01 81.97 0.69% 498,519.22 4.85%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 95.69 956,880.00 2.76% Aaa/AA+ 1.5911/30/2024 -60,015.25 AAA 1.60 6,263.74 0.43% 1,016,895.25 4.34%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 92.46 462,285.00 1.34% Aaa/AA+ 2.0905/31/2025 -33,214.82 AAA 2.10 521.98 0.69% 495,499.82 4.06%0.250% 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 91.47 914,730.00 2.70% Aaa/AA+ 2.5911/30/2025 -79,032.64 AAA 2.59 1,565.93 0.62% 993,762.64 3.87%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 91.06 455,295.00 1.35% Aaa/AA+ 2.7601/31/2026 -41,592.63 AAA 2.75 466.16 0.60% 496,887.63 3.83%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 91.28 912,810.00 2.72% Aaa/AA+ 3.0905/31/2026 -88,703.77 AAA 3.05 3,131.87 0.70% 1,001,513.77 3.77%0.750% 91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 91.01 455,060.00 1.34% Aaa/AA+ 3.4209/30/2026 -40,066.49 AAA 3.37 370.56 1.17% 495,126.49 3.70%0.875% 91282CGC9 1,000,000.00U.S. Treasury 03/03/2023 978,710.94 101.26 1,012,580.00 2.66% Aaa/AA+ 4.6712/31/2027 33,169.08 AAA 4.24 12,952.35 4.37% 979,410.92 3.58%3.875% Run Date: 5/4/2023 - 12:57 PM
Amortizing
19 80
Holdings Report
City of Lynwood April 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP
Coupon Rate
Issuer
Book Yield
Remaining
6,981,523.44 6,623,960.00 18.93% 2.43
6,977,606.55 1.12% 7,000,000.00 4.11% 26,507.87
-353,646.55 2.38Total U.S. Treasuries
36,882,798.68 36,034,503.13 100.00% 1.83
137,356.10
-820,639.55 1.55 4.05% 36,855,142.68 2.74% 36,939,051.59TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,171,859.23 Run Date: 5/4/2023 - 12:57 PM
Amortizing
20 81
Maturity Report
City of Lynwood April 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
FGTXX 4.760% 1Goldman Sachs Govt MMF 127,234.79 05/01/2023 1 4.76% 127,234.79 127,234.79 9819499 2.870% 1LAIF 05/18/2020 9,710,816.80 05/01/2023 1 2.87% 9,710,816.80 9,710,816.80 20033AZK5 3.300% 1,766Comenity Capital Bank 06/29/2018 247,981.18 06/29/2023 60 3.40% 248,000.00 247,159.89 78015DU32 0.000% 205Royal Bank of Canada, NY 10/07/2022 495,929.61 07/03/2023 64 4.76% 500,000.00 494,884.50 38148PR33 3.300% 1,756Goldman Sachs Bank 07/09/2018 247,979.13 07/06/2023 67 3.35% 248,000.00 247,085.39 90331HNV1 3.400% 1,521US Bank 03/01/2019 250,175.51 07/24/2023 85 3.08% 250,000.00 248,865.00 949763TF3 3.300% 1,703Wells Fargo Bank NA 08/31/2018 247,961.87 08/30/2023 122 3.35% 248,000.00 246,251.69 29278TLY4 2.000% 1,308EnerBank 09/30/2019 247,951.01 09/27/2023 150 2.05% 248,000.00 244,559.66 91282CAW1 0.250% 647U.S. Treasury 07/22/2021 999,990.81 11/15/2023 199 0.25% 1,000,000.00 975,040.00 89236TFS9 3.350% 1,522Toyota Motor Credit 02/28/2019 250,502.38 01/08/2024 253 3.03% 250,000.00 246,980.00 17312Q3B3 3.000% 1,522Citibank 02/28/2019 247,904.89 02/27/2024 303 3.05% 248,000.00 243,185.54 3130A0XE5 3.250% 251FHLB 08/22/2022 1,638,219.36 03/08/2024 313 3.38% 1,640,000.00 1,617,253.20 91282CBV2 0.375% 524U.S. Treasury 11/22/2021 498,519.22 04/15/2024 351 0.69% 500,000.00 479,280.00 46625HJX9 3.625% 1,448JPMorgan Chase & Co 05/13/2019 503,132.16 05/13/2024 379 2.97% 500,000.00 492,550.00 3133EKTV8 1.900% 1,398FFCB 07/02/2019 499,976.60 07/01/2024 428 1.90% 500,000.00 483,805.00 3133ENG20 3.300% 255FFCB 08/18/2022 998,897.49 08/15/2024 473 3.39% 1,000,000.00 983,410.00 32100LCB9 1.850% 1,325First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 502 1.85% 248,000.00 237,454.99 3133EK3B0 1.500% 1,291FFCB 10/17/2019 199,523.41 10/16/2024 535 1.67% 200,000.00 191,744.00 912828YV6 1.500% 647U.S. Treasury 07/22/2021 1,016,895.25 11/30/2024 580 0.43% 1,000,000.00 956,880.00 64952WDL4 2.000% 1,194New York Life 01/22/2020 249,689.86 01/22/2025 633 2.08% 250,000.00 238,147.50 88579YBH3 2.000% 2353M 09/07/2022 482,750.79 02/14/2025 656 4.04% 500,000.00 476,605.00 3130A4CH3 2.375% 935FHLB 10/07/2020 517,442.97 03/14/2025 684 0.49% 500,000.00 482,630.00 30231GBH4 2.992% 1,042Exxon Mobil 06/22/2020 259,050.35 03/19/2025 689 0.99% 250,000.00 243,355.00 912828ZT0 0.250% 670U.S. Treasury 06/29/2021 495,499.82 05/31/2025 762 0.69% 500,000.00 462,285.00 3136G4H71 0.500% 985FNMA 08/18/2020 500,000.00 08/12/2025 835 0.50% 500,000.00 460,710.00 27002YFE1 3.300% 255EagleBank 08/18/2022 248,000.00 08/18/2025 841 3.30% 248,000.00 242,746.12 59217GFC8 4.050% 248MetLife 08/25/2022 499,520.65 08/25/2025 848 4.09% 500,000.00 489,170.00 3130ASYR4 4.000% 243FHLB 08/30/2022 2,000,000.00 08/28/2025 851 4.00% 2,000,000.00 1,973,760.00 3137EAEX3 0.375% 922FHLMC 10/20/2020 498,785.57 09/23/2025 877 0.48% 500,000.00 457,925.00 05580AXF6 0.500% 947BMW Bank 09/25/2020 248,000.00 09/25/2025 879 0.50% 248,000.00 226,767.05 91282CAZ4 0.375% 647U.S. Treasury 07/22/2021 993,762.64 11/30/2025 945 0.62% 1,000,000.00 914,730.00 91282CBH3 0.375% 794U.S. Treasury 02/25/2021 496,887.63 01/31/2026 1,007 0.60% 500,000.00 455,295.00 037833BY5 3.250% 248Apple 08/25/2022 496,847.46 02/23/2026 1,030 3.49% 500,000.00 488,880.00 856283S98 1.000% 733State Bank of India 04/27/2021 248,000.00 04/27/2026 1,093 1.00% 248,000.00 226,999.75 91282CCF6 0.750% 647U.S. Treasury 07/22/2021 1,001,513.77 05/31/2026 1,127 0.70% 1,000,000.00 912,810.00 02007GUP6 3.350% 297Ally Bank 07/07/2022 248,000.00 07/07/2026 1,164 3.35% 248,000.00 243,756.04 Run Date: 5/4/2023 - 12:57 PM
Amortizing
21 82
Maturity Report
City of Lynwood April 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
89235MLC3 0.950% 654Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,172 0.95% 248,000.00 225,681.57 90348JR93 0.950% 627UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,199 0.95% 248,000.00 225,163.77 15721UFP9 4.750% 46CFBank 03/15/2023 248,000.00 09/15/2026 1,234 4.75% 248,000.00 254,924.21 32117BFR4 5.000% 38First National Bank 03/23/2023 248,000.00 09/23/2026 1,242 5.00% 248,000.00 256,968.35 91282CCZ2 0.875% 558U.S. Treasury 10/19/2021 495,126.49 09/30/2026 1,249 1.17% 500,000.00 455,060.00 3130AQEC3 1.370% 486FHLB 12/30/2021 500,000.00 12/30/2026 1,340 1.37% 500,000.00 451,860.00 3130AL5A8 0.900% 80FHLB 02/09/2023 441,767.91 02/26/2027 1,398 4.25% 500,000.00 443,935.00 808513BW4 3.300% 383Charles Schwab 04/12/2022 249,532.69 04/01/2027 1,432 3.35% 250,000.00 233,037.50 023135CF1 3.300% 325Amazon 06/09/2022 248,372.20 04/13/2027 1,444 3.48% 250,000.00 242,807.50 3130ARTT8 3.000% 346FHLB 05/19/2022 600,000.00 05/19/2027 1,480 3.00% 600,000.00 581,340.00 254673L38 3.400% 297Discover Bank 07/07/2022 248,000.00 07/06/2027 1,528 3.40% 248,000.00 244,887.84 14042RST9 3.450% 297Capital One Bank NA 07/07/2022 248,000.00 07/07/2027 1,529 3.45% 248,000.00 245,369.26 14042TJD0 3.550% 270Capital One Bank USA 08/03/2022 248,000.00 08/03/2027 1,556 3.55% 248,000.00 246,406.38 61768ELH4 3.500% 269Morgan Stanley Private Bank 08/04/2022 248,000.00 08/04/2027 1,557 3.50% 248,000.00 245,913.84 87164XN93 3.500% 268Synchrony Bank 08/05/2022 248,000.00 08/05/2027 1,558 3.50% 248,000.00 245,912.66 02589ADQ2 3.450% 261American Express National Bank 08/12/2022 204,121.67 08/10/2027 1,563 3.56% 205,000.00 202,861.91 3130AT2L0 4.050% 243FHLB 08/30/2022 1,000,000.00 08/25/2027 1,578 4.05% 1,000,000.00 973,240.00 91282CGC9 3.875% 58U.S. Treasury 03/03/2023 979,410.92 12/31/2027 1,706 4.37% 1,000,000.00 1,012,580.00 32114VCH8 4.600% 46First National Bank of Michigan 03/15/2023 248,000.00 03/15/2028 1,781 4.60% 248,000.00 258,762.50 61690U3C2 4.800% 45Morgan Stanley Bank 03/16/2023 247,467.84 03/16/2028 1,782 4.85% 248,000.00 260,906.15 062119BK7 4.650% 41Bank Five Nine 03/20/2023 248,000.00 03/20/2028 1,786 4.65% 248,000.00 259,352.77 3130AV6P2 6.050% 34FHLB 03/27/2023 1,000,000.00 03/27/2028 1,793 6.05% 1,000,000.00 996,520.00 Net Maturities and Averages 36,855,142.68 668 2.74% 36,034,503.13 36,939,051.59 Run Date: 5/4/2023 - 12:57 PM
Amortizing
22 83
Income Earned Summary
City of Lynwood April 30, 2023
Fiscal Year To DateApril 30 Month End
Interest
Interest Received/Purchased
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned During Period
Total Adjustments for Amortization/Accretion
Total Capital Gains or Losses
Total Earnings During Period
87,746.38 547,226.66
137,356.10 137,356.10
-167,518.88 -74,680.06
57,583.60 609,902.70
3,078.96 43,696.41

0.00 0.00
60,662.56
653,599.11
Run Date: 5/4/2023 - 12:57 PM
Amortizing
25 84
Income Earned
City of Lynwood April 01, 2023 - April 30, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest
Amortization/
Accretion Earned
Net Income
Certificates of Deposit
20033AZK5 06/29/2023 248,000.00Comenity Capital Bank 247,971.76 247,981.18 67.27 0.00 739.92 672.65 9.41 682.06 38148PR33 07/06/2023 248,000.00Goldman Sachs Bank 247,969.78 247,979.13 1,905.86 0.00 2,578.52 672.66 9.35 682.01 949763TF3 08/30/2023 248,000.00Wells Fargo Bank NA 247,952.49 247,961.87 44.84 0.00 717.50 672.66 9.38 682.04 29278TLY4 09/27/2023 248,000.00EnerBank 247,941.21 247,951.01 67.95 421.26 54.36 407.67 9.80 417.47 17312Q3B3 02/27/2024 248,000.00Citibank 247,895.47 247,904.89 672.66 0.00 1,284.16 611.50 9.42 620.92 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 238.83 0.00 615.92 377.09 0.00 377.09 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 23.78 0.00 125.70 101.92 0.00 101.92 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 1,059.95 1,236.60 27.18 203.83 0.00 203.83 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 1,911.98 0.00 2,594.83 682.85 0.00 682.85 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 490.56 0.00 684.21 193.65 0.00 193.65 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 09/15/2026 248,000.00CFBank 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 09/23/2026 248,000.00First National Bank 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 1,963.62 0.00 2,656.66 693.04 0.00 693.04 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 1,969.05 0.00 2,672.28 703.23 0.00 703.23 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 1,374.87 0.00 2,098.49 723.62 0.00 723.62 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 1,331.73 0.00 2,045.15 713.42 0.00 713.42 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 1,307.95 0.00 2,021.37 713.42 0.00 713.42 02589ADQ2 08/10/2027 205,000.00American Express National Bank 204,104.81 204,121.67 968.84 0.00 1,550.14 581.30 16.86 598.16 32114VCH8 03/15/2028 248,000.00First National Bank of Michigan 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 03/16/2028 248,000.00Morgan Stanley Bank 247,458.88 247,467.84 521.82 0.00 1,500.23 978.41 8.96 987.37 062119BK7 03/20/2028 248,000.00Bank Five Nine 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 Certificates of Deposit - Sub Total 5,661,000.00 5,659,294.41 5,659,367.58 18,135.89 6,555.01 26,022.98 14,442.10 73.17 14,515.27 Commercial Paper
78015DU32 07/03/2023
500,000.00Royal Bank of Canada, NY 494,055.93 495,929.61 0.00 0.00 0.00 0.00 1,873.67 1,873.67 Commercial Paper - Sub Total 500,000.00 494,055.93 495,929.61 0.00 0.00 0.00 0.00 1,873.67 1,873.67 Corporate Bonds
90331HNV1 07/24/2023
250,000.00US Bank 250,236.10 250,175.51 1,581.94 0.00 2,290.28 708.34 -60.59 647.75 89236TFS9 01/08/2024 250,000.00Toyota Motor Credit 250,563.15 250,502.38 1,930.90 0.00 2,628.82 697.92 -60.77 637.15 46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 503,375.68 503,132.16 6,947.92 0.00 8,458.33 1,510.41 -243.52 1,266.89 64952WDL4 01/22/2025 250,000.00New York Life 249,675.40 249,689.86 958.33 0.00 1,375.00 416.67 14.46 431.13 Run Date: 5/4/2023 - 12:58 PM
Amortizing
26 85
Income Earned
City of Lynwood April 01, 2023 - April 30, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest
Amortization/
Accretion Earned
Net Income
Corporate Bonds
88579YBH3 02/14/2025 500,000.003M 481,974.04 482,750.79 1,305.56 0.00 2,138.89 833.33 776.75 1,610.08 30231GBH4 03/19/2025 250,000.00Exxon Mobil 259,436.89 259,050.35 249.33 0.00 872.67 623.34 -386.54 236.80 59217GFC8 08/25/2025 500,000.00MetLife 499,504.00 499,520.65 2,025.00 0.00 3,712.50 1,687.50 16.65 1,704.15 037833BY5 02/23/2026 500,000.00Apple 496,757.21 496,847.46 1,715.28 0.00 3,069.44 1,354.16 90.25 1,444.41 808513BW4 04/01/2027 250,000.00Charles Schwab 249,523.09 249,532.69 4,125.00 4,125.00 687.50 687.50 9.60 697.10 023135CF1 04/13/2027 250,000.00Amazon 248,339.03 248,372.20 3,850.00 4,125.00 412.50 687.50 33.17 720.67 Corporate Bonds - Sub Total 3,500,000.00 3,489,384.58 3,489,574.05 24,689.26 8,250.00 25,645.93 9,206.67 189.46 9,396.13 LAIF
9819499 05/01/2023
9,710,816.80LAIF 9,645,805.63 9,710,816.80 65,011.17 65,011.17 0.00 0.00 0.00 0.00 LAIF - Sub Total 9,710,816.80 9,645,805.63 9,710,816.80 65,011.17 65,011.17 0.00 0.00 0.00 0.00 Money Market Funds
FGTXX 05/01/2023
127,234.79Goldman Sachs Govt MMF 104,499.58 127,234.79 5,492.70 5,492.70 465.08 465.08 0.00 465.08 Money Market Funds - Sub Total 127,234.79 104,499.58 127,234.79 5,492.70 5,492.70 465.08 465.08 0.00 465.08 U.S. Agencies
3130A0XE5 03/08/2024
1,640,000.00FHLB 1,638,051.70 1,638,219.36 3,405.28 0.00 7,846.94 4,441.66 167.66 4,609.32 3133EKTV8 07/01/2024 500,000.00FFCB 499,974.99 499,976.60 2,375.00 0.00 3,166.67 791.67 1.61 793.28 3133ENG20 08/15/2024 1,000,000.00FFCB 998,828.73 998,897.49 4,216.67 0.00 6,966.67 2,750.00 68.76 2,818.76 3133EK3B0 10/16/2024 200,000.00FFCB 199,497.14 199,523.41 1,375.00 1,500.00 125.00 250.00 26.28 276.28 3130A4CH3 03/14/2025 500,000.00FHLB 518,193.48 517,442.97 560.76 0.00 1,550.35 989.59 -750.51 239.08 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 298.61 0.00 506.94 208.33 0.00 208.33 3130ASYR4 08/28/2025 2,000,000.00FHLB 2,000,000.00 2,000,000.00 7,333.33 0.00 14,000.00 6,666.67 0.00 6,666.67 3137EAEX3 09/23/2025 500,000.00FHLMC 498,744.76 498,785.57 41.67 0.00 197.92 156.25 40.81 197.06 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 1,731.53 0.00 2,302.36 570.83 0.00 570.83 3130AL5A8 02/26/2027 500,000.00FHLB 440,540.63 441,767.91 437.50 0.00 812.50 375.00 1,227.28 1,602.28 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 6,600.00 0.00 8,100.00 1,500.00 0.00 1,500.00 3130AT2L0 08/25/2027 1,000,000.00FHLB 1,000,000.00 1,000,000.00 4,050.00 0.00 7,425.00 3,375.00 0.00 3,375.00 3130AV6P2 03/27/2028 1,000,000.00FHLB 1,000,000.00 1,000,000.00 672.22 0.00 5,713.89 5,041.67 0.00 5,041.67 U.S. Agencies - Sub Total 10,440,000.00 10,393,831.43 10,394,613.31 33,097.57 1,500.00 58,714.24 27,116.67 781.88 27,898.55 U.S. Treasuries
Run Date: 5/4/2023 - 12:58 PM
Amortizing
27 86
Income Earned
City of Lynwood April 01, 2023 - April 30, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest
Amortization/
Accretion Earned
Net Income
U.S. Treasuries
91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,989.43 999,990.81 946.13 0.00 1,153.31 207.18 1.39 208.57 91282CBV2 04/15/2024 500,000.00U.S. Treasury 498,392.65 498,519.22 865.38 937.50 81.97 154.09 126.56 280.65 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 1,017,769.14 1,016,895.25 5,027.47 0.00 6,263.74 1,236.27 -873.89 362.38 912828ZT0 05/31/2025 500,000.00U.S. Treasury 495,322.65 495,499.82 418.96 0.00 521.98 103.02 177.17 280.19 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 993,564.63 993,762.64 1,256.87 0.00 1,565.93 309.06 198.01 507.07 91282CBH3 01/31/2026 500,000.00U.S. Treasury 496,794.91 496,887.63 310.77 0.00 466.16 155.39 92.72 248.11 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,554.06 1,001,513.77 2,513.74 0.00 3,131.87 618.13 -40.30 577.83 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 495,009.44 495,126.49 11.95 0.00 370.56 358.61 117.06 475.67 91282CGC9 12/31/2027 1,000,000.00U.S. Treasury 979,048.86 979,410.92 9,741.02 0.00 12,952.35 3,211.33 362.06 3,573.39 U.S. Treasuries - Sub Total 7,000,000.00 6,977,445.77 6,977,606.55 21,092.29 937.50 26,507.87 6,353.08 160.78 6,513.86 36,939,051.59Grand Total 36,764,317.34
36,855,142.68 167,518.88 87,746.38 137,356.10 57,583.60 3,078.96 60,662.56 Run Date: 5/4/2023 - 12:58 PM
Amortizing
28 87
Run Date: 6/6/2023 - 5:02 PM
Amortizing Page 2
Portfolio Summary
City of Lynwood 5/31/2023

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)

ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 5/31/23 4/30/23 Issuer % Portfolio
Market Value $35,980,160 $36,034,503 LAIF 26.3%
Book Value $36,918,580 $36,855,143 FHLB 20.9%
Variance -$938,420 -$820,640 U.S. Treasury 17.9%
FFCB 4.6%
Par Value $36,992,817 $36,939,052 JPMorgan 1.4%
FNMA 1.4%
Net Asset Value $97.46 $97.77 MetLife 1.4%
FHLMC 1.4%
Book Yield 2.78% 2.74% Royal Bank of Canada 1.3%
Apple 1.3%
Market Yield 4.31% 4.05% 3M 1.3%
Exxon Mobil 0.7%
Years to Maturity 1.79 1.83 Toyota 0.7%
US Bancorp 0.7%
Effective Duration 1.46 1.55 New York Life 0.7%
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23

0.60%

1.10%

1.60%

2.10%

2.60%

3.10%

0.1%

1.3%

9.5%

16.7%

17.9%

26.3%

28.2%
MMF
CP
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%

42.4%

12.1%

18.2%

12.9% 14.4%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%

43.0%

1.4%

4.0%

1.4%

0.7%

48.2%

1.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 88
Run Date: 6/6/2023 - 5:02 PM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 5/31/2023
Category Book Value % of Portfolio Allowed by Policy In ComplianceReserved row US Treasuries 6,615,252.23 17.92% 100% Yes
US Federal Agencies 10,395,449.10 28.16% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,710,816.80 26.30% $75,000,000 Yes
Commercial Paper 497,932.50 1.35% 25% Yes
Money Market Funds 55,000.40 0.15% 20% Yes
Negotiable Certificates of Deposit 6,154,348.05 16.67% 30% Yes Corporate Obligations 3,489,780.77 9.45% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 36,918,579.84 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.79 Less than 3.0 Years Yes
Liquidity 42.37% 30% Under 365 Days Yes
Ratings Yes
3 89
Run Date: 6/6/2023 - 5:02 PM
Amortizing Page 11
Historical Earnings & Book Return Performance
City of Lynwood 5/31/2023
Fiscal YTD ($K) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY 2021 $35.200 $66.215 $94.922 $120.389 $147.318 $173.870 $199.724 $223.094 $247.869 $271.162 $294.542 $316.873 FY 2022 $18.153 $37.347 $56.010 $82.204 $100.760 $118.668 $142.482 $159.901 $178.121 $203.773 $222.371 $242.161 FY 2023 $22.510 $61.308 $112.501 $198.598 $252.119 $307.834 $413.953 $476.124 $592.937 $653.599 $728.837 Fiscal YTD Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Book Return 0.97% 1.17% 1.36% 1.75% 1.76% 1.76% 2.02% 2.04% 2.24% 2.21% 2.23% Fiscal Year-To-Date Earnings
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
$0
$100
$200
$300
$400
$500
$600
$700
$800
Thousands
FY 2021
FY 2022
FY 2023
Fiscal Year-To-Date Book Return
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

0.00%

0.25%

0.50%

0.75%

1.00%

1.25%

1.50%

1.75%

2.00%

2.25%

2.50%
11 90
Portfolio Summary
City of Lynwood May 31, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 6,157,000.00 6,154,348.05 16.67 3.23 1,100 6,058,829.36 Commercial Paper 500,000.00 497,932.50 1.35 4.76 33 497,041.00 Corporate Bonds 3,500,000.00 3,489,780.77 9.45 3.22 708 3,387,132.50 LAIF 9,710,816.80 9,710,816.80 26.30 2.99 1 9,710,816.80 Money Market Funds 55,000.40 55,000.40 0.15 5.00 1 55,000.40 U.S. Agencies 10,440,000.00 10,395,449.10 28.16 3.23 908 10,045,581.00 U.S. Treasuries 6,630,000.00 6,615,252.23 17.92 0.95 813 6,225,758.80 36,918,579.84 100.00 652 35,980,159.86 2.78 36,992,817.20 Investments
May 31 Month Ending Fiscal Year To DateTotal Earnings
Current Year 75,237.91 728,837.03
Average Daily Balance 36,880,435.58 35,563,353.46
Book Rate of Return 2.40% 2.23%
Run Date: 6/6/2023 - 5:00 PM
Amortizing
15 91
Holdings Report
City of Lynwood May 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
20033AZK5 248,000.00Comenity Capital Bank 06/29/2018 247,427.12 99.85 247,617.84 0.67% NR/NR 0.0806/29/2023 -373.06 NR 0.08 67.27 3.40% 247,990.90 5.23%3.300%
38148PR33 248,000.00Goldman Sachs Bank 07/09/2018 247,432.08 99.80 247,509.20 0.67% NR/NR 0.1007/06/2023 -479.59 NR 0.10 3,273.60 3.35% 247,988.78 5.23%3.300% 949763TF3 248,000.00Wells Fargo Bank NA 08/31/2018 247,429.60 99.48 246,713.89 0.67% NR/NR 0.2508/30/2023 -1,257.66 NR 0.24 44.84 3.35% 247,971.56 5.42%3.300% 29278TLY4 248,000.00EnerBank 09/30/2019 247,523.84 98.87 245,187.02 0.67% NR/NR 0.3309/27/2023 -2,774.11 NR 0.32 67.95 2.05% 247,961.14 5.58%2.000% 17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 98.08 243,245.94 0.67% NR/NR 0.7502/27/2024 -4,668.68 NR 0.72 1,916.05 3.05% 247,914.62 5.66%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 95.52 236,880.29 0.67% NR/NR 1.2909/13/2024 -11,119.71 NR 1.26 1,005.59 1.85% 248,000.00 5.51%1.850% 27002YFE1 248,000.00EagleBank 08/18/2022 248,000.00 97.37 241,470.21 0.67% NR/NR 2.2208/18/2025 -6,529.79 NR 2.10 313.91 3.30% 248,000.00 4.56%3.300% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 91.15 226,060.74 0.67% NR/NR 2.3209/25/2025 -21,939.26 NR 2.30 231.01 0.50% 248,000.00 4.57%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 91.08 225,885.75 0.67% NR/NR 2.9104/27/2026 -22,114.25 NR 2.85 237.81 1.00% 248,000.00 4.30%1.000% 02007GUP6 248,000.00Ally Bank 07/07/2022 248,000.00 97.64 242,137.80 0.67% NR/NR 3.1007/07/2026 -5,862.20 NR 2.88 3,300.44 3.35% 248,000.00 4.17%3.350% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 90.56 224,600.85 0.67% NR/NR 3.1307/15/2026 -23,399.15 NR 3.06 884.31 0.95% 248,000.00 4.20%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 90.33 224,027.67 0.67% NR/NR 3.2008/11/2026 -23,972.33 NR 3.13 135.55 0.95% 248,000.00 4.20%0.950% 15721UFP9 248,000.00CFBank 03/15/2023 248,000.00 101.96 252,868.79 0.67% NR/NR 3.3009/15/2026 4,868.79 NR 2.98 548.66 4.75% 248,000.00 4.11%4.750% 32117BFR4 248,000.00First National Bank 03/23/2023 248,000.00 102.76 254,843.54 0.67% NR/NR 3.3209/23/2026 6,843.54 NR 2.99 305.75 5.00% 248,000.00 4.10%5.000% 254673L38 248,000.00Discover Bank 07/07/2022 248,000.00 97.94 242,886.55 0.67% NR/NR 4.1007/06/2027 -5,113.45 NR 3.74 3,372.80 3.40% 248,000.00 3.95%3.400% 14042RST9 248,000.00Capital One Bank NA 07/07/2022 248,000.00 98.13 243,354.57 0.67% NR/NR 4.1007/07/2027 -4,645.43 NR 3.74 3,398.96 3.45% 248,000.00 3.95%3.450% 14042TJD0 248,000.00Capital One Bank USA 08/03/2022 248,000.00 98.52 244,325.50 0.67% NR/NR 4.1808/03/2027 -3,674.50 NR 3.80 2,846.22 3.55% 248,000.00 3.94%3.550% 61768ELH4 248,000.00Morgan Stanley Private Bank 08/04/2022 248,000.00 98.32 243,843.53 0.67% NR/NR 4.1808/04/2027 -4,156.47 NR 3.81 2,782.36 3.50% 248,000.00 3.94%3.500% 87164XN93 248,000.00Synchrony Bank 08/05/2022 248,000.00 98.32 243,840.91 0.67% NR/NR 4.1808/05/2027 -4,159.09 NR 3.81 2,758.58 3.50% 248,000.00 3.94%3.500% Run Date: 6/6/2023 - 5:00 PM
Amortizing
16 92
Holdings Report
City of Lynwood May 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
02589ADQ2 205,000.00American Express National Bank 08/12/2022 203,975.00 98.12 201,153.36 0.55% NR/NR 4.2008/10/2027 -2,985.73 NR 3.83 2,150.82 3.56% 204,139.09 3.94%3.450% 32114VCH8 248,000.00First National Bank of Michigan 03/15/2023 248,000.00 103.29 256,154.82 0.67% NR/NR 4.7903/15/2028 8,154.82 NR 4.22 531.33 4.60% 248,000.00 3.84%4.600% 61690U3C2 248,000.00Morgan Stanley Bank 03/16/2023 247,454.40 104.13 258,254.05 0.67% NR/NR 4.8003/16/2028 10,776.95 NR 4.20 2,511.25 4.85% 247,477.10 3.85%4.800% 062119BK7 248,000.00Bank Five Nine 03/20/2023 248,000.00 103.52 256,726.31 0.67% NR/NR 4.8103/20/2028 8,726.31 NR 4.22 379.13 4.65% 248,000.00 3.84%4.650% 12547CBJ6 248,000.00CIBC Bank USA 05/17/2023 247,446.96 102.33 253,776.25 0.67% NR/NR 4.9605/16/2028 6,325.05 NR 4.41 472.90 4.40% 247,451.20 3.83%4.350% 05600XQE3 248,000.00BMO Harris Bank NA 05/17/2023 247,449.44 103.01 255,463.98 0.67% NR/NR 4.9605/16/2028 8,010.32 NR 4.39 489.21 4.55% 247,453.66 3.83%4.500% 6,151,565.56 6,058,829.36 16.67% 3.01
6,154,348.05 3.23% 6,157,000.00 4.39% 34,026.30 -95,518.68 2.76Total Certificates of Deposit Commercial Paper
78015DU32 500,000.00Royal Bank of Canada, NY 10/07/2022 482,813.89 99.41 497,041.00 1.35% P-1/A-1+ 0.0907/03/2023 -891.50 F1+ 0.09 0.00 4.76% 497,932.50 6.58%0.000%
482,813.89 497,041.00 1.35% 0.09
497,932.50 4.76% 500,000.00 6.58% 0.00 -891.50 0.09Total Commercial Paper Corporate Bonds
90331HNV1 250,000.00US Bank 03/01/2019 253,307.50 99.62 249,052.50 0.68% A2/A+ 0.1507/24/2023 -1,058.24 AA- 0.14 2,998.61 3.08% 250,110.74 5.82%3.400% 06/23/2023 89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 98.77 246,912.50 0.68% A1/A+ 0.6101/08/2024 -3,529.11 A+ 0.58 3,326.74 3.03% 250,441.61 5.45%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 98.28 491,380.00 1.36% A1/A- 0.9505/13/2024 -11,491.85 AA- 0.91 906.25 2.97% 502,871.85 5.51%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 95.23 238,077.50 0.68% Aaa/AA+ 1.6501/22/2025 -11,627.82 AAA 1.57 1,791.67 2.08% 249,705.32 5.06%2.000% 88579YBH3 500,000.003M 09/07/2022 476,510.00 95.10 475,485.00 1.31% A1/A 1.7102/14/2025 -8,096.11 NR 1.63 2,972.22 4.04% 483,581.11 5.04%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 96.94 242,337.50 0.70% Aa2/AA- 1.8003/19/2025 -16,299.65 NR 1.68 1,496.00 0.99% 258,637.15 4.79%2.992% 02/19/2025 Run Date: 6/6/2023 - 5:00 PM
Amortizing
17 93
Holdings Report
City of Lynwood May 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Corporate Bonds
59217GFC8 500,000.00MetLife 08/25/2022 499,380.00 97.03 485,165.00 1.35% Aa3/AA- 2.2408/25/2025 -14,373.44 AA- 2.07 5,400.00 4.09% 499,538.44 5.48%4.050% 037833BY5 500,000.00Apple 08/25/2022 496,085.00 97.24 486,205.00 1.35% Aaa/AA+ 2.7402/23/2026 -10,738.93 NR 2.46 4,423.61 3.49% 496,943.93 4.33%3.250% 808513BW4 250,000.00Charles Schwab 04/12/2022 249,407.50 92.29 230,732.50 0.68% A2/A- 3.8404/01/2027 -18,810.46 A 3.46 1,375.00 3.35% 249,542.96 5.56%3.300% 023135CF1 250,000.00Amazon 06/09/2022 248,005.00 96.71 241,785.00 0.67% A1/AA 3.8704/13/2027 -6,622.66 AA- 3.52 1,100.00 3.48% 248,407.66 4.23%3.300% 3,513,210.00 3,387,132.50 9.45% 1.94
3,489,780.77 3.22% 3,500,000.00 5.12% 25,790.10 -102,648.27 1.79Total Corporate Bonds LAIF
9819499 9,710,816.80LAIF 04/14/2023 9,710,816.80 1.00 9,710,816.80 26.30% NR/NR 0.0006/01/2023

0.00 NR 0.00 0.00 2.99% 9,710,816.80 2.99%2.990%
9,710,816.80 9,710,816.80 26.30% 0.00
9,710,816.80 2.99% 9,710,816.80 2.99% 0.00 0.00 0.00Total LAIF Money Market Funds
FGTXX 55,000.40Goldman Sachs Govt MMF 55,000.40 1.00 55,000.40 0.15% Aaa/AAA 0.0006/01/2023

0.00 NR 0.00 409.73 5.00% 55,000.40 5.00%4.997%
55,000.40 55,000.40 0.15% 0.00
55,000.40 5.00% 55,000.40 5.00% 409.73 0.00 0.00Total Money Market Funds U.S. Agencies
3130A0XE5 1,640,000.00FHLB 08/22/2022 1,636,785.60 98.47 1,614,826.00 4.44% Aaa/AA+ 0.7703/08/2024 -23,572.58 AAA 0.74 12,288.61 3.38% 1,638,398.58 5.31%3.250% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 96.68 483,400.00 1.35% Aaa/AA+ 1.0907/01/2024 -16,578.32 AAA 1.04 3,958.33 1.90% 499,978.32 5.09%1.900% 3133ENG20 1,000,000.00FFCB 08/18/2022 998,300.00 98.10 980,950.00 2.71% Aaa/AA+ 1.2108/15/2024 -18,020.99 AAA 1.15 9,716.67 3.39% 998,970.99 4.94%3.300% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 95.70 191,402.00 0.54% Aaa/AA+ 1.3810/16/2024 -8,149.50 AAA 1.33 375.00 1.67% 199,551.50 4.77%1.500% Run Date: 6/6/2023 - 5:00 PM
Amortizing
18 94
Holdings Report
City of Lynwood May 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 95.68 478,395.00 1.40% Aaa/AA+ 1.7903/14/2025 -38,245.70 AAA 1.70 2,539.93 0.49% 516,640.70 4.93%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 91.80 459,020.00 1.35% Aaa/AA+ 2.2008/12/2025 -40,980.00 AAA 2.14 715.28 0.50% 500,000.00 4.46%0.500% 02/18/2022 3130ASYR4 2,000,000.00FHLB 08/30/2022 2,000,000.00 97.72 1,954,360.00 5.42% Aaa/AA+ 2.2508/28/2025 -45,640.00 AAA 1.45 20,666.67 4.00% 2,000,000.00 5.08%4.000% 08/28/2023 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 91.28 456,405.00 1.35% Aaa/AA+ 2.3209/23/2025 -42,424.19 AAA 2.24 354.17 0.48% 498,829.19 4.38%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 89.51 447,565.00 1.35% Aaa/AA+ 3.5912/30/2026 -52,435.00 AAA 3.37 2,873.19 1.37% 500,000.00 4.58%1.370% 06/30/2023 3130AL5A8 500,000.00FHLB 02/09/2023 438,340.00 88.03 440,140.00 1.20% Aaa/AA+ 3.7502/26/2027 -2,939.82 AAA 3.57 1,187.50 4.25% 443,079.82 4.41%0.900% 08/26/2023 3130ARTT8 600,000.00FHLB 05/19/2022 600,000.00 96.35 578,088.00 1.63% Aaa/AA+ 3.9705/19/2027 -21,912.00 AAA 2.22 650.00 3.25% 600,000.00 4.26%3.250% 08/19/2023 3130AT2L0 1,000,000.00FHLB 08/30/2022 1,000,000.00 96.64 966,400.00 2.71% Aaa/AA+ 4.2408/25/2027 -33,600.00 AAA 2.35 10,800.00 4.05% 1,000,000.00 4.94%4.050% 08/25/2023 3130AV6P2 1,000,000.00FHLB 03/27/2023 1,000,000.00 99.46 994,630.00 2.71% Aaa/AA+ 4.8303/27/2028 -5,370.00 AAA 0.57 10,755.56 6.05% 1,000,000.00 6.18%6.050% 06/27/2023 10,410,530.60 10,045,581.00 28.16% 2.49
10,395,449.10 3.23% 10,440,000.00 5.02% 76,880.91 -349,868.10 1.60Total U.S. Agencies U.S. Treasuries
91282CAW1 1,000,000.00U.S. Treasury 07/22/2021 999,960.94 97.72 977,150.00 2.71% Aaa/AA+ 0.4611/15/2023 -22,842.24 AAA 0.45 115.49 0.25% 999,992.24 5.38%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 95.87 479,355.00 1.35% Aaa/AA+ 0.8804/15/2024 -19,295.00 AAA 0.85 240.78 0.69% 498,650.00 5.27%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 95.33 953,320.00 2.75% Aaa/AA+ 1.5011/30/2024 -62,672.23 AAA 1.45 40.98 0.43% 1,015,992.23 4.76%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 92.11 460,530.00 1.34% Aaa/AA+ 2.0005/31/2025 -35,152.90 AAA 1.94 3.42 0.69% 495,682.90 4.42%0.250% 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 91.07 910,740.00 2.69% Aaa/AA+ 2.5011/30/2025 -83,227.25 AAA 2.43 10.25 0.62% 993,967.25 4.17%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 90.66 453,280.00 1.35% Aaa/AA+ 2.6701/31/2026 -43,703.44 AAA 2.59 626.73 0.60% 496,983.44 4.11%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 90.80 908,010.00 2.71% Aaa/AA+ 3.0005/31/2026 -93,462.13 AAA 2.89 20.49 0.70% 1,001,472.13 4.04%0.750% Run Date: 6/6/2023 - 5:00 PM
Amortizing
19 95
Holdings Report
City of Lynwood May 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Treasuries
91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 90.45 452,265.00 1.34% Aaa/AA+ 3.3409/30/2026 -42,982.45 AAA 3.20 741.12 1.17% 495,247.45 3.96%0.875% 91282CGC9 630,000.00U.S. Treasury 03/03/2023 616,587.89 100.18 631,108.80 1.67% Aaa/AA+ 4.5912/31/2027 13,844.22 AAA 4.07 10,250.55 4.37% 617,264.58 3.83%3.875% 6,619,400.39 6,225,758.80 17.92% 2.23
6,615,252.23 0.95% 6,630,000.00 4.47% 12,049.81 -389,493.42 2.12Total U.S. Treasuries 36,943,337.64 35,980,159.86 100.00% 1.79
149,156.85 -938,419.97 1.46 4.31% 36,918,579.84 2.78% 36,992,817.20TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,129,316.71 Run Date: 6/6/2023 - 5:00 PM
Amortizing
20 96
Maturity Report
City of Lynwood May 31, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
FGTXX 4.997% 1Goldman Sachs Govt MMF 55,000.40 06/01/2023 1 5.00% 55,000.40 55,000.40 9819499 2.990% 1LAIF 05/18/2020 9,710,816.80 06/01/2023 1 2.99% 9,710,816.80 9,710,816.80 20033AZK5 3.300% 1,797Comenity Capital Bank 06/29/2018 247,990.90 06/29/2023 29 3.40% 248,000.00 247,617.84 78015DU32 0.000% 236Royal Bank of Canada, NY 10/07/2022 497,932.50 07/03/2023 33 4.76% 500,000.00 497,041.00 38148PR33 3.300% 1,787Goldman Sachs Bank 07/09/2018 247,988.78 07/06/2023 36 3.35% 248,000.00 247,509.20 90331HNV1 3.400% 1,552US Bank 03/01/2019 250,110.74 07/24/2023 54 3.08% 250,000.00 249,052.50 949763TF3 3.300% 1,734Wells Fargo Bank NA 08/31/2018 247,971.56 08/30/2023 91 3.35% 248,000.00 246,713.89 29278TLY4 2.000% 1,339EnerBank 09/30/2019 247,961.14 09/27/2023 119 2.05% 248,000.00 245,187.02 91282CAW1 0.250% 678U.S. Treasury 07/22/2021 999,992.24 11/15/2023 168 0.25% 1,000,000.00 977,150.00 89236TFS9 3.350% 1,553Toyota Motor Credit 02/28/2019 250,441.61 01/08/2024 222 3.03% 250,000.00 246,912.50 17312Q3B3 3.000% 1,553Citibank 02/28/2019 247,914.62 02/27/2024 272 3.05% 248,000.00 243,245.94 3130A0XE5 3.250% 282FHLB 08/22/2022 1,638,398.58 03/08/2024 282 3.38% 1,640,000.00 1,614,826.00 91282CBV2 0.375% 555U.S. Treasury 11/22/2021 498,650.00 04/15/2024 320 0.69% 500,000.00 479,355.00 46625HJX9 3.625% 1,479JPMorgan Chase & Co 05/13/2019 502,871.85 05/13/2024 348 2.97% 500,000.00 491,380.00 3133EKTV8 1.900% 1,429FFCB 07/02/2019 499,978.32 07/01/2024 397 1.90% 500,000.00 483,400.00 3133ENG20 3.300% 286FFCB 08/18/2022 998,970.99 08/15/2024 442 3.39% 1,000,000.00 980,950.00 32100LCB9 1.850% 1,356First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 471 1.85% 248,000.00 236,880.29 3133EK3B0 1.500% 1,322FFCB 10/17/2019 199,551.50 10/16/2024 504 1.67% 200,000.00 191,402.00 912828YV6 1.500% 678U.S. Treasury 07/22/2021 1,015,992.23 11/30/2024 549 0.43% 1,000,000.00 953,320.00 64952WDL4 2.000% 1,225New York Life 01/22/2020 249,705.32 01/22/2025 602 2.08% 250,000.00 238,077.50 88579YBH3 2.000% 2663M 09/07/2022 483,581.11 02/14/2025 625 4.04% 500,000.00 475,485.00 3130A4CH3 2.375% 966FHLB 10/07/2020 516,640.70 03/14/2025 653 0.49% 500,000.00 478,395.00 30231GBH4 2.992% 1,073Exxon Mobil 06/22/2020 258,637.15 03/19/2025 658 0.99% 250,000.00 242,337.50 912828ZT0 0.250% 701U.S. Treasury 06/29/2021 495,682.90 05/31/2025 731 0.69% 500,000.00 460,530.00 3136G4H71 0.500% 1,016FNMA 08/18/2020 500,000.00 08/12/2025 804 0.50% 500,000.00 459,020.00 27002YFE1 3.300% 286EagleBank 08/18/2022 248,000.00 08/18/2025 810 3.30% 248,000.00 241,470.21 59217GFC8 4.050% 279MetLife 08/25/2022 499,538.44 08/25/2025 817 4.09% 500,000.00 485,165.00 3130ASYR4 4.000% 274FHLB 08/30/2022 2,000,000.00 08/28/2025 820 4.00% 2,000,000.00 1,954,360.00 3137EAEX3 0.375% 953FHLMC 10/20/2020 498,829.19 09/23/2025 846 0.48% 500,000.00 456,405.00 05580AXF6 0.500% 978BMW Bank 09/25/2020 248,000.00 09/25/2025 848 0.50% 248,000.00 226,060.74 91282CAZ4 0.375% 678U.S. Treasury 07/22/2021 993,967.25 11/30/2025 914 0.62% 1,000,000.00 910,740.00 91282CBH3 0.375% 825U.S. Treasury 02/25/2021 496,983.44 01/31/2026 976 0.60% 500,000.00 453,280.00 037833BY5 3.250% 279Apple 08/25/2022 496,943.93 02/23/2026 999 3.49% 500,000.00 486,205.00 856283S98 1.000% 764State Bank of India 04/27/2021 248,000.00 04/27/2026 1,062 1.00% 248,000.00 225,885.75 91282CCF6 0.750% 678U.S. Treasury 07/22/2021 1,001,472.13 05/31/2026 1,096 0.70% 1,000,000.00 908,010.00 02007GUP6 3.350% 328Ally Bank 07/07/2022 248,000.00 07/07/2026 1,133 3.35% 248,000.00 242,137.80 Run Date: 6/6/2023 - 5:00 PM
Amortizing
21 97
Maturity Report
City of Lynwood May 31, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
89235MLC3 0.950% 685Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,141 0.95% 248,000.00 224,600.85 90348JR93 0.950% 658UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,168 0.95% 248,000.00 224,027.67 15721UFP9 4.750% 77CFBank 03/15/2023 248,000.00 09/15/2026 1,203 4.75% 248,000.00 252,868.79 32117BFR4 5.000% 69First National Bank 03/23/2023 248,000.00 09/23/2026 1,211 5.00% 248,000.00 254,843.54 91282CCZ2 0.875% 589U.S. Treasury 10/19/2021 495,247.45 09/30/2026 1,218 1.17% 500,000.00 452,265.00 3130AQEC3 1.370% 517FHLB 12/30/2021 500,000.00 12/30/2026 1,309 1.37% 500,000.00 447,565.00 3130AL5A8 0.900% 111FHLB 02/09/2023 443,079.82 02/26/2027 1,367 4.25% 500,000.00 440,140.00 808513BW4 3.300% 414Charles Schwab 04/12/2022 249,542.96 04/01/2027 1,401 3.35% 250,000.00 230,732.50 023135CF1 3.300% 356Amazon 06/09/2022 248,407.66 04/13/2027 1,413 3.48% 250,000.00 241,785.00 3130ARTT8 3.250% 377FHLB 05/19/2022 600,000.00 05/19/2027 1,449 3.25% 600,000.00 578,088.00 254673L38 3.400% 328Discover Bank 07/07/2022 248,000.00 07/06/2027 1,497 3.40% 248,000.00 242,886.55 14042RST9 3.450% 328Capital One Bank NA 07/07/2022 248,000.00 07/07/2027 1,498 3.45% 248,000.00 243,354.57 14042TJD0 3.550% 301Capital One Bank USA 08/03/2022 248,000.00 08/03/2027 1,525 3.55% 248,000.00 244,325.50 61768ELH4 3.500% 300Morgan Stanley Private Bank 08/04/2022 248,000.00 08/04/2027 1,526 3.50% 248,000.00 243,843.53 87164XN93 3.500% 299Synchrony Bank 08/05/2022 248,000.00 08/05/2027 1,527 3.50% 248,000.00 243,840.91 02589ADQ2 3.450% 292American Express National Bank 08/12/2022 204,139.09 08/10/2027 1,532 3.56% 205,000.00 201,153.36 3130AT2L0 4.050% 274FHLB 08/30/2022 1,000,000.00 08/25/2027 1,547 4.05% 1,000,000.00 966,400.00 91282CGC9 3.875% 89U.S. Treasury 03/03/2023 617,264.58 12/31/2027 1,675 4.37% 630,000.00 631,108.80 32114VCH8 4.600% 77First National Bank of Michigan 03/15/2023 248,000.00 03/15/2028 1,750 4.60% 248,000.00 256,154.82 61690U3C2 4.800% 76Morgan Stanley Bank 03/16/2023 247,477.10 03/16/2028 1,751 4.85% 248,000.00 258,254.05 062119BK7 4.650% 72Bank Five Nine 03/20/2023 248,000.00 03/20/2028 1,755 4.65% 248,000.00 256,726.31 3130AV6P2 6.050% 65FHLB 03/27/2023 1,000,000.00 03/27/2028 1,762 6.05% 1,000,000.00 994,630.00 05600XQE3 4.500% 14BMO Harris Bank NA 05/17/2023 247,453.66 05/16/2028 1,812 4.55% 248,000.00 255,463.98 12547CBJ6 4.350% 14CIBC Bank USA 05/17/2023 247,451.20 05/16/2028 1,812 4.40% 248,000.00 253,776.25 Net Maturities and Averages 36,918,579.84 652 2.78% 35,980,159.86 36,992,817.20 Run Date: 6/6/2023 - 5:00 PM
Amortizing
22 98
Income Earned Summary
City of Lynwood May 31, 2023
Fiscal Year To DateMay 31 Month End
Interest
Interest Received/Purchased
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned During Period
Total Adjustments for Amortization/Accretion
Total Capital Gains or Losses
Total Earnings During Period
46,736.23 593,962.89
149,156.85 149,156.85
-137,356.10 -74,680.06
58,536.98 668,439.68
3,228.64 46,925.06
13,472.29 13,472.29
75,237.91
728,837.03
Run Date: 6/6/2023 - 5:00 PM
Amortizing
25 99
Income Earned
City of Lynwood May 01, 2023 - May 31, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
Certificates of Deposit
20033AZK5 06/29/2023 248,000.00Comenity Capital Bank 247,981.18 247,990.90 739.92 1,367.74 67.27 695.09 9.73 704.82 38148PR33 07/06/2023 248,000.00Goldman Sachs Bank 247,979.13 247,988.78 2,578.52 0.00 3,273.60 695.08 9.66 704.74 949763TF3 08/30/2023 248,000.00Wells Fargo Bank NA 247,961.87 247,971.56 717.50 1,367.74 44.84 695.08 9.69 704.77 29278TLY4 09/27/2023 248,000.00EnerBank 247,951.01 247,961.14 54.36 407.67 67.95 421.26 10.12 431.38 17312Q3B3 02/27/2024 248,000.00Citibank 247,904.89 247,914.62 1,284.16 0.00 1,916.05 631.89 9.73 641.62 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 615.92 0.00 1,005.59 389.67 0.00 389.67 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 291.48 672.66 313.91 695.09 0.00 695.09 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 125.70 0.00 231.01 105.31 0.00 105.31 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 27.18 0.00 237.81 210.63 0.00 210.63 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 2,594.83 0.00 3,300.44 705.61 0.00 705.61 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 684.21 0.00 884.31 200.10 0.00 200.10 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 129.10 193.64 135.55 200.09 0.00 200.09 15721UFP9 09/15/2026 248,000.00CFBank 248,000.00 248,000.00 516.38 968.22 548.66 1,000.50 0.00 1,000.50 32117BFR4 09/23/2026 248,000.00First National Bank 248,000.00 248,000.00 271.78 1,019.18 305.75 1,053.15 0.00 1,053.15 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 2,656.66 0.00 3,372.80 716.14 0.00 716.14 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 2,672.28 0.00 3,398.96 726.68 0.00 726.68 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 2,098.49 0.00 2,846.22 747.73 0.00 747.73 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 2,045.15 0.00 2,782.36 737.21 0.00 737.21 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 2,021.37 0.00 2,758.58 737.21 0.00 737.21 02589ADQ2 08/10/2027 205,000.00American Express National Bank 204,121.67 204,139.09 1,550.14 0.00 2,150.82 600.68 17.42 618.10 32114VCH8 03/15/2028 248,000.00First National Bank of Michigan 248,000.00 248,000.00 500.08 937.64 531.33 968.89 0.00 968.89 61690U3C2 03/16/2028 248,000.00Morgan Stanley Bank 247,467.84 247,477.10 1,500.23 0.00 2,511.25 1,011.02 9.26 1,020.28 062119BK7 03/20/2028 248,000.00Bank Five Nine 248,000.00 248,000.00 347.54 947.84 379.13 979.43 0.00 979.43 05600XQE3 05/16/2028 248,000.00BMO Harris Bank NA 0.00 247,453.66 0.00 -30.58 489.21 458.63 4.22 462.85 12547CBJ6 05/16/2028 248,000.00CIBC Bank USA 0.00 247,451.20 0.00 -29.56 472.90 443.34 4.24 447.58 Certificates of Deposit - Sub Total 6,157,000.00 5,659,367.58 6,154,348.05 26,022.98 7,822.19 34,026.30 15,825.51 84.07 15,909.58 Commercial Paper
78015DU32 07/03/2023 500,000.00Royal Bank of Canada, NY 495,929.61 497,932.50 0.00 0.00 0.00 0.00 2,002.89 2,002.89 Commercial Paper - Sub Total
500,000.00 495,929.61 497,932.50 0.00 0.00 0.00 0.00 2,002.89 2,002.89 Corporate Bonds
90331HNV1 07/24/2023 250,000.00US Bank 250,175.51 250,110.74 2,290.28 0.00 2,998.61 708.33 -64.77 643.56 89236TFS9 01/08/2024 250,000.00Toyota Motor Credit 250,502.38 250,441.61 2,628.82 0.00 3,326.74 697.92 -60.77 637.15 Run Date: 6/6/2023 - 5:01 PM
Amortizing
26 100
Income Earned
City of Lynwood May 01, 2023 - May 31, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
Corporate Bonds
46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 503,132.16 502,871.85 8,458.33 9,062.50 906.25 1,510.42 -260.31 1,250.11 64952WDL4 01/22/2025 250,000.00New York Life 249,689.86 249,705.32 1,375.00 0.00 1,791.67 416.67 15.46 432.13 88579YBH3 02/14/2025 500,000.003M 482,750.79 483,581.11 2,138.89 0.00 2,972.22 833.33 830.32 1,663.65 30231GBH4 03/19/2025 250,000.00Exxon Mobil 259,050.35 258,637.15 872.67 0.00 1,496.00 623.33 -413.20 210.13 59217GFC8 08/25/2025 500,000.00MetLife 499,520.65 499,538.44 3,712.50 0.00 5,400.00 1,687.50 17.80 1,705.30 037833BY5 02/23/2026 500,000.00Apple 496,847.46 496,943.93 3,069.44 0.00 4,423.61 1,354.17 96.47 1,450.64 808513BW4 04/01/2027 250,000.00Charles Schwab 249,532.69 249,542.96 687.50 0.00 1,375.00 687.50 10.27 697.77 023135CF1 04/13/2027 250,000.00Amazon 248,372.20 248,407.66 412.50 0.00 1,100.00 687.50 35.46 722.96 Corporate Bonds - Sub Total 3,500,000.00 3,489,574.05 3,489,780.77 25,645.93 9,062.50 25,790.10 9,206.67 206.72 9,413.39 LAIF
9819499 06/01/2023 9,710,816.80LAIF 9,710,816.80 9,710,816.80 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total
9,710,816.80 9,710,816.80 9,710,816.80 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds
FGTXX 06/01/2023 55,000.40Goldman Sachs Govt MMF 127,234.79 55,000.40 465.08 465.08 409.73 409.73 0.00 409.73 Money Market Funds - Sub Total
55,000.40 127,234.79 55,000.40 465.08 465.08 409.73 409.73 0.00 409.73 U.S. Agencies
3130A0XE5 03/08/2024 1,640,000.00FHLB 1,638,219.36 1,638,398.58 7,846.94 0.00 12,288.61 4,441.67 179.22 4,620.89 3133EKTV8 07/01/2024 500,000.00FFCB 499,976.60 499,978.32 3,166.67 0.00 3,958.33 791.66 1.72 793.38 3133ENG20 08/15/2024 1,000,000.00FFCB 998,897.49 998,970.99 6,966.67 0.00 9,716.67 2,750.00 73.50 2,823.50 3133EK3B0 10/16/2024 200,000.00FFCB 199,523.41 199,551.50 125.00 0.00 375.00 250.00 28.09 278.09 3130A4CH3 03/14/2025 500,000.00FHLB 517,442.97 516,640.70 1,550.35 0.00 2,539.93 989.58 -802.27 187.31 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 506.94 0.00 715.28 208.34 0.00 208.34 3130ASYR4 08/28/2025 2,000,000.00FHLB 2,000,000.00 2,000,000.00 14,000.00 0.00 20,666.67 6,666.67 0.00 6,666.67 3137EAEX3 09/23/2025 500,000.00FHLMC 498,785.57 498,829.19 197.92 0.00 354.17 156.25 43.62 199.87 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 2,302.36 0.00 2,873.19 570.83 0.00 570.83 3130AL5A8 02/26/2027 500,000.00FHLB 441,767.91 443,079.82 812.50 0.00 1,187.50 375.00 1,311.91 1,686.91 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 8,100.00 9,000.00 650.00 1,550.00 0.00 1,550.00 3130AT2L0 08/25/2027 1,000,000.00FHLB 1,000,000.00 1,000,000.00 7,425.00 0.00 10,800.00 3,375.00 0.00 3,375.00 3130AV6P2 03/27/2028 1,000,000.00FHLB 1,000,000.00 1,000,000.00 5,713.89 0.00 10,755.56 5,041.67 0.00 5,041.67 U.S. Agencies - Sub Total
10,440,000.00 10,394,613.31 10,395,449.10 58,714.24 9,000.00 76,880.91 27,166.67 835.80 28,002.47 Run Date: 6/6/2023 - 5:01 PM
Amortizing
27 101
Income Earned
City of Lynwood May 01, 2023 - May 31, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
U.S. Treasuries
91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,990.81 999,992.24 1,153.31 1,250.00 115.49 212.18 1.43 213.61 91282CBV2 04/15/2024 500,000.00U.S. Treasury 498,519.22 498,650.00 81.97 0.00 240.78 158.81 130.78 289.59 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 1,016,895.25 1,015,992.23 6,263.74 7,500.00 40.98 1,277.24 -903.02 374.22 912828ZT0 05/31/2025 500,000.00U.S. Treasury 495,499.82 495,682.90 521.98 625.00 3.42 106.44 183.08 289.52 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 993,762.64 993,967.25 1,565.93 1,875.00 10.25 319.32 204.61 523.93 91282CBH3 01/31/2026 500,000.00U.S. Treasury 496,887.63 496,983.44 466.16 0.00 626.73 160.57 95.81 256.38 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,513.77 1,001,472.13 3,131.87 3,750.00 20.49 638.62 -41.64 596.98 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 495,126.49 495,247.45 370.56 0.00 741.12 370.56 120.96 491.52 91282CGC9 12/31/2027 630,000.00U.S. Treasury 979,410.92 617,264.58 12,952.35 5,386.46 10,250.55 2,684.66 307.15 2,991.81 U.S. Treasuries - Sub Total 6,630,000.00 6,977,606.55 6,615,252.23 26,507.87 20,386.46 12,049.81 5,928.40 99.16 6,027.56 36,992,817.20Grand Total 36,855,142.68 36,918,579.84 137,356.10 46,736.23 149,156.85 58,536.98 3,228.64 61,765.62 Run Date: 6/6/2023 - 5:01 PM
Amortizing
28 102
Run Date: 7/10/2023 - 12:51 PM
Amortizing Page 2
Portfolio Summary
City of Lynwood 6/30/2023

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)

ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 6/30/23 5/31/23 Issuer % Portfolio
Market Value $35,892,711 $35,980,160 LAIF 26.3%
Book Value $36,959,418 $36,918,580 FHLB 18.1%
Variance -$1,066,706 -$938,420 U.S. Treasury 17.9%
FFCB 4.6%
Par Value $37,031,146 $36,992,817 FHLMC 4.1%
JPMorgan 1.4%
Net Asset Value $97.11 $97.46 FNMA 1.4%
Royal Bank of Canada 1.4%
Book Yield 2.84% 2.78% MetLife 1.4%
Apple 1.3%
Market Yield 4.72% 4.31% 3M 1.3%
Exxon Mobil 0.7%
Years to Maturity 1.76 1.79 Toyota 0.7%
US Bancorp 0.7%
Effective Duration 1.46 1.46 New York Life 0.7%
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23

0.60%

1.10%

1.60%

2.10%

2.60%

3.10%

0.3%

1.4%

9.4%

16.7%

17.9%

26.3%

28.1%
MMF
CP
CORP
CD
TSY
LAIF
AGY
100%75%50%25%0%

41.8%

13.4%

19.6%

10.9%

14.3%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%

42.9%

2.7%

1.4%

0.7%

48.3%

1.4%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
100%75%50%25%0%
2 103
Run Date: 7/10/2023 - 12:51 PM
Amortizing Page 3
Investment Policy Compliance
City of Lynwood 6/30/2023
Category Book Value % of Portfolio Allowed by Policy In ComplianceReserved row US Treasuries 6,615,279.05 17.90% 100% Yes
US Federal Agencies 10,396,230.98 28.13% 100% Yes
Supranational Obligations 0.00 0.00% 30% Yes
LAIF 9,710,816.80 26.27% $75,000,000 Yes
Commercial Paper 499,806.17 1.35% 25% Yes
Money Market Funds 93,328.79 0.25% 20% Yes
Negotiable Certificates of Deposit 6,153,985.50 16.65% 30% Yes Corporate Obligations 3,489,970.23 9.44% 30% Yes
State and Local Governments 0.00 0.00% 100% Yes
Total 36,959,417.52 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.76 Less than 3.0 Years Yes
Liquidity 41.77% 30% Under 365 Days Yes
Ratings Yes
3 104
Run Date: 7/10/2023 - 12:51 PM
Amortizing Page 11
Historical Earnings & Book Return Performance
City of Lynwood 6/30/2023
Fiscal YTD ($K) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY 2021 $35.200 $66.215 $94.922 $120.389 $147.318 $173.870 $199.724 $223.094 $247.869 $271.162 $294.542 $316.873 FY 2022 $18.153 $37.347 $56.010 $82.204 $100.760 $118.668 $142.482 $159.901 $178.121 $203.773 $222.371 $242.161 FY 2023 $22.510 $61.308 $112.501 $198.598 $252.119 $307.834 $413.953 $476.124 $592.937 $653.599 $728.837 $789.814 Fiscal YTD Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Book Return 0.97% 1.17% 1.36% 1.75% 1.76% 1.76% 2.02% 2.04% 2.24% 2.21% 2.23% 2.21% Fiscal Year-To-Date Earnings
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Thousands
FY 2021
FY 2022
FY 2023
Fiscal Year-To-Date Book Return
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

0.00%

0.25%

0.50%

0.75%

1.00%

1.25%

1.50%

1.75%

2.00%

2.25%

2.50%
11 105
Portfolio Summary
City of Lynwood June 30, 2023
Investments Par Value Book Value
% of
Portfolio YTMMaturity
Days to
Market Value
Book
Certificates of Deposit 6,157,000.00 6,153,985.50 16.65 3.28 1,129 5,995,122.14 Commercial Paper 500,000.00 499,806.17 1.35 4.76 3 499,225.00 Corporate Bonds 3,500,000.00 3,489,970.23 9.44 3.22 678 3,370,127.50 LAIF 9,710,816.80 9,710,816.80 26.27 3.17 1 9,710,816.80 Money Market Funds 93,328.79 93,328.79 0.25 5.01 1 93,328.79 U.S. Agencies 10,440,000.00 10,396,230.98 28.13 3.22 887 10,037,715.40 U.S. Treasuries 6,630,000.00 6,615,279.05 17.90 0.95 783 6,186,375.80 36,959,417.52 100.00 642 35,892,711.43 2.84 37,031,145.59 Investments
June 30 Month Ending Fiscal Year To DateTotal Earnings
Current Year 60,976.75 789,813.78
Average Daily Balance 36,925,193.72 35,676,840.15
Book Rate of Return 2.01% 2.21%
Run Date: 7/10/2023 - 12:51 PM
Amortizing
15 106
Holdings Report
City of Lynwood June 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
38148PR33 248,000.00Goldman Sachs Bank 07/09/2018 247,432.08 99.97 247,918.09 0.67% NR/NR 0.0207/06/2023 -80.04 NR 0.02 3,946.26 3.35% 247,998.13 5.21%3.300% 949763TF3 248,000.00Wells Fargo Bank NA 08/31/2018 247,429.60 99.64 247,119.39 0.67% NR/NR 0.1708/30/2023 -861.54 NR 0.16 22.42 3.35% 247,980.93 5.45%3.300%
29278TLY4 248,000.00EnerBank 09/30/2019 247,523.84 99.16 245,927.65 0.67% NR/NR 0.2409/27/2023 -2,043.29 NR 0.24 54.36 2.05% 247,970.93 5.50%2.000% 17312Q3B3 248,000.00Citibank 02/28/2019 247,427.12 98.45 244,145.40 0.67% NR/NR 0.6602/27/2024 -3,778.63 NR 0.64 2,527.56 3.05% 247,924.03 5.41%3.000% 32100LCB9 248,000.00First Missouri State Bank 09/13/2019 248,000.00 95.29 236,315.38 0.67% NR/NR 1.2109/13/2024 -11,684.62 NR 1.18 1,382.68 1.85% 248,000.00 5.97%1.850% 27002YFE1 248,000.00EagleBank 08/18/2022 248,000.00 96.42 239,129.90 0.67% NR/NR 2.1408/18/2025 -8,870.10 NR 2.02 291.48 3.30% 248,000.00 5.08%3.300% 05580AXF6 248,000.00BMW Bank 09/25/2020 248,000.00 90.42 224,242.97 0.67% NR/NR 2.2409/25/2025 -23,757.03 NR 2.22 332.93 0.50% 248,000.00 5.09%0.500% 856283S98 248,000.00State Bank of India 04/27/2021 248,000.00 90.03 223,284.29 0.67% NR/NR 2.8304/27/2026 -24,715.71 NR 2.77 441.64 1.00% 248,000.00 4.82%1.000% 02007GUP6 248,000.00Ally Bank 07/07/2022 248,000.00 96.33 238,888.77 0.67% NR/NR 3.0207/07/2026 -9,111.23 NR 2.80 3,983.29 3.35% 248,000.00 4.67%3.350% 89235MLC3 248,000.00Toyota Financial Savings Bank 07/15/2021 248,000.00 89.48 221,899.49 0.67% NR/NR 3.0407/15/2026 -26,100.51 NR 2.98 1,077.95 0.95% 248,000.00 4.70%0.950% 90348JR93 248,000.00UBS Bank USA 08/11/2021 248,000.00 89.21 221,231.12 0.67% NR/NR 3.1208/11/2026 -26,768.88 NR 3.05 129.10 0.95% 248,000.00 4.70%0.950% 15721UFP9 248,000.00CFBank 03/15/2023 248,000.00 100.44 249,100.16 0.67% NR/NR 3.2109/15/2026 1,100.16 NR 2.90 516.38 4.75% 248,000.00 4.60%4.750% 32117BFR4 248,000.00First National Bank 03/23/2023 248,000.00 101.21 250,991.78 0.67% NR/NR 3.2409/23/2026 2,991.78 NR 2.91 271.78 5.00% 248,000.00 4.60%5.000% 910286GM9 248,000.00United Fidelity Bank FSB 06/29/2023 247,546.16 100.58 249,443.84 0.67% NR/NR 4.0006/29/2027 1,897.37 NR 3.62 61.83 4.60% 247,546.47 4.39%4.550%
254673L38 248,000.00Discover Bank 07/07/2022 248,000.00 96.41 239,106.79 0.67% NR/NR 4.0207/06/2027 -8,893.21 NR 3.66 4,065.84 3.40% 248,000.00 4.38%3.400% 14042RST9 248,000.00Capital One Bank NA 07/07/2022 248,000.00 96.60 239,559.21 0.67% NR/NR 4.0207/07/2027 -8,440.79 NR 3.66 4,102.19 3.45% 248,000.00 4.38%3.450% 14042TJD0 248,000.00Capital One Bank USA 08/03/2022 248,000.00 96.97 240,475.14 0.67% NR/NR 4.1008/03/2027 -7,524.86 NR 3.72 3,569.84 3.55% 248,000.00 4.37%3.550% 61768ELH4 248,000.00Morgan Stanley Private Bank 08/04/2022 248,000.00 96.78 240,003.66 0.67% NR/NR 4.1008/04/2027 -7,996.34 NR 3.73 3,495.78 3.50% 248,000.00 4.37%3.500% 87164XN93 248,000.00Synchrony Bank 08/05/2022 248,000.00 96.77 239,998.44 0.67% NR/NR 4.1008/05/2027 -8,001.56 NR 3.73 3,472.00 3.50% 248,000.00 4.37%3.500% Run Date: 7/10/2023 - 12:51 PM
Amortizing
16 107
Holdings Report
City of Lynwood June 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
02589ADQ2 205,000.00American Express National Bank 08/12/2022 203,975.00 96.57 197,977.26 0.55% NR/NR 4.1208/10/2027 -6,178.68 NR 3.75 2,732.12 3.56% 204,155.95 4.37%3.450% 32114VCH8 248,000.00First National Bank of Michigan 03/15/2023 248,000.00 101.51 251,757.08 0.67% NR/NR 4.7103/15/2028 3,757.08 NR 4.14 500.08 4.60% 248,000.00 4.24%4.600% 61690U3C2 248,000.00Morgan Stanley Bank 03/16/2023 247,454.40 102.35 253,824.60 0.67% NR/NR 4.7203/16/2028 6,338.54 NR 4.12 3,489.67 4.85% 247,486.05 4.24%4.800% 062119BK7 248,000.00Bank Five Nine 03/20/2023 248,000.00 101.74 252,303.73 0.67% NR/NR 4.7303/20/2028 4,303.73 NR 4.14 347.54 4.65% 248,000.00 4.24%4.650% 12547CBJ6 248,000.00CIBC Bank USA 05/17/2023 247,446.96 100.57 249,416.19 0.67% NR/NR 4.8805/16/2028 1,955.91 NR 4.33 1,359.58 4.40% 247,460.29 4.22%4.350% 05600XQE3 248,000.00BMO Harris Bank NA 05/17/2023 247,449.44 101.23 251,061.80 0.67% NR/NR 4.8805/16/2028 3,599.09 NR 4.31 1,406.47 4.55% 247,462.71 4.22%4.500% 6,151,684.60 5,995,122.14 16.65% 3.09
6,153,985.50 3.28% 6,157,000.00 4.71% 43,580.77 -158,863.36 2.83Total Certificates of Deposit Commercial Paper
78015DU32 500,000.00Royal Bank of Canada, NY 10/07/2022 482,813.89 99.85 499,225.00 1.35% P-1/A-1+ 0.0107/03/2023 -581.17 F1+ 0.01 0.00 4.76% 499,806.17 18.89%0.000%
482,813.89 499,225.00 1.35% 0.01
499,806.17 4.76% 500,000.00 18.89% 0.00 -581.17 0.01Total Commercial Paper Corporate Bonds
90331HNV1 250,000.00US Bank 03/01/2019 253,307.50 99.87 249,662.50 0.68% A2/A+ 0.0707/24/2023 -387.65 A+ 0.05 3,706.94 3.08% 250,050.15 5.35%3.400% 07/11/2023 89236TFS9 250,000.00Toyota Motor Credit 02/28/2019 253,545.00 98.83 247,075.00 0.68% A1/A+ 0.5301/08/2024 -3,305.83 A+ 0.49 4,024.65 3.03% 250,380.83 5.65%3.350% 46625HJX9 500,000.00JPMorgan Chase & Co 05/13/2019 515,115.00 98.23 491,145.00 1.36% A1/A- 0.8705/13/2024 -11,483.33 AA- 0.83 2,416.67 2.97% 502,628.33 5.74%3.625% 64952WDL4 250,000.00New York Life 01/22/2020 249,102.50 94.56 236,392.50 0.68% Aaa/AA+ 1.5701/22/2025 -13,327.28 AAA 1.48 2,208.33 2.08% 249,719.78 5.69%2.000% 88579YBH3 500,000.003M 09/07/2022 476,510.00 94.31 471,555.00 1.31% A2/A- 1.6302/14/2025 -12,802.86 NR 1.54 3,805.56 4.04% 484,357.86 5.72%2.000% 30231GBH4 250,000.00Exxon Mobil 06/22/2020 272,752.50 96.33 240,815.00 0.70% Aa2/AA- 1.7203/19/2025 -17,435.61 NR 1.60 2,119.33 0.99% 258,250.61 5.25%2.992% 02/19/2025 Run Date: 7/10/2023 - 12:51 PM
Amortizing
17 108
Holdings Report
City of Lynwood June 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Corporate Bonds
59217GFC8 500,000.00MetLife 08/25/2022 499,380.00 96.33 481,640.00 1.35% Aa3/AA- 2.1608/25/2025 -17,915.09 AA- 1.98 7,087.50 4.09% 499,555.09 5.89%4.050% 037833BY5 500,000.00Apple 08/25/2022 496,085.00 96.28 481,380.00 1.34% Aaa/AA+ 2.6502/23/2026 -15,654.19 NR 2.38 5,777.78 3.49% 497,034.19 4.76%3.250% 808513BW4 250,000.00Charles Schwab 04/12/2022 249,407.50 92.68 231,710.00 0.68% A2/A- 3.7604/01/2027 -17,842.56 A 3.36 2,062.50 3.35% 249,552.56 5.48%3.300% 023135CF1 250,000.00Amazon 06/09/2022 248,005.00 95.50 238,752.50 0.67% A1/AA 3.7904/13/2027 -9,688.33 AA- 3.42 1,787.50 3.48% 248,440.83 4.61%3.300% 3,513,210.00 3,370,127.50 9.44% 1.86
3,489,970.23 3.22% 3,500,000.00 5.45% 34,996.76 -119,842.73 1.70Total Corporate Bonds LAIF
9819499 9,710,816.80LAIF 04/14/2023 9,710,816.80 1.00 9,710,816.80 26.27% NR/NR 0.0007/01/2023

0.00 NR 0.00 0.00 3.17% 9,710,816.80 3.17%3.170%
9,710,816.80 9,710,816.80 26.27% 0.00
9,710,816.80 3.17% 9,710,816.80 3.17% 0.00 0.00 0.00Total LAIF Money Market Funds
FGTXX 93,328.79Goldman Sachs Govt MMF 93,328.79 1.00 93,328.79 0.25% Aaa/AAA 0.0007/01/2023

0.00 NR 0.00 660.20 5.01% 93,328.79 5.01%5.015%
93,328.79 93,328.79 0.25% 0.00
93,328.79 5.01% 93,328.79 5.01% 660.20 0.00 0.00Total Money Market Funds U.S. Agencies
3130A0XE5 1,640,000.00FHLB 08/22/2022 1,636,785.60 98.53 1,615,826.40 4.43% Aaa/AA+ 0.6903/08/2024 -22,739.84 AAA 0.66 16,730.28 3.38% 1,638,566.24 5.45%3.250% 3133EKTV8 500,000.00FFCB 07/02/2019 499,900.00 96.52 482,620.00 1.35% Aaa/AA+ 1.0107/01/2024 -17,359.93 AAA 0.96 4,750.00 1.90% 499,979.93 5.51%1.900% 3133ENG20 1,000,000.00FFCB 08/18/2022 998,300.00 97.75 977,480.00 2.70% Aaa/AA+ 1.1308/15/2024 -21,559.75 AAA 1.07 12,466.67 3.39% 999,039.75 5.39%3.300% 3133EK3B0 200,000.00FFCB 10/17/2019 198,370.00 95.41 190,820.00 0.54% Aaa/AA+ 1.3010/16/2024 -8,757.78 AAA 1.24 625.00 1.67% 199,577.78 5.21%1.500% Run Date: 7/10/2023 - 12:51 PM
Amortizing
18 109
Holdings Report
City of Lynwood June 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
3130A4CH3 500,000.00FHLB 10/07/2020 541,330.00 95.54 477,695.00 1.40% Aaa/AA+ 1.7103/14/2025 -38,195.18 AAA 1.62 3,529.51 0.49% 515,890.18 5.14%2.375% 3136G4H71 500,000.00FNMA 08/18/2020 500,000.00 91.22 456,095.00 1.35% Aaa/AA+ 2.1208/12/2025 -43,905.00 AAA 2.06 923.61 0.50% 500,000.00 4.92%0.500% 02/18/2022 3130ASYR4 2,000,000.00FHLB 08/30/2022 2,000,000.00 97.71 1,954,200.00 5.41% Aaa/AA+ 2.1608/28/2025 -45,800.00 AAA 1.59 27,333.33 4.00% 2,000,000.00 5.13%4.000% 08/28/2023 3137EAEX3 500,000.00FHLMC 10/20/2020 497,505.00 90.72 453,580.00 1.35% Aaa/AA+ 2.2409/23/2025 -45,290.00 AAA 2.16 510.42 0.48% 498,870.00 4.81%0.375% 3130AQEC3 500,000.00FHLB 12/30/2021 500,000.00 89.96 449,805.00 1.35% Aaa/AA+ 3.5012/30/2026 -50,195.00 AAA 3.31 19.03 1.37% 500,000.00 4.50%1.370% 09/30/2023 3130AL5A8 500,000.00FHLB 02/09/2023 438,340.00 87.12 435,580.00 1.20% Aaa/AA+ 3.6602/26/2027 -8,727.10 AAA 3.48 1,562.50 4.25% 444,307.10 4.78%0.900% 08/26/2023 3130ARTT8 600,000.00FHLB 05/19/2022 600,000.00 96.35 578,094.00 1.62% Aaa/AA+ 3.8905/19/2027 -21,906.00 AAA 2.42 2,275.00 3.25% 600,000.00 4.28%3.250% 08/19/2023 3130AT2L0 1,000,000.00FHLB 08/30/2022 1,000,000.00 96.62 966,190.00 2.71% Aaa/AA+ 4.1608/25/2027 -33,810.00 AAA 2.56 14,175.00 4.05% 1,000,000.00 4.96%4.050% 08/25/2023 3134GYUE0 1,000,000.00FHLMC 06/30/2023 1,000,000.00 99.97 999,730.00 2.71% Aaa/AA+ 5.0006/28/2028 -270.00 AAA 0.99 166.67 6.00% 1,000,000.00 6.01%6.000% 09/28/2023 10,410,530.60 10,037,715.40 28.13% 2.43
10,396,230.98 3.22% 10,440,000.00 5.17% 85,067.02 -358,515.58 1.65Total U.S. Agencies U.S. Treasuries
91282CAW1 1,000,000.00U.S. Treasury 07/22/2021 999,960.94 98.16 981,560.00 2.71% Aaa/AA+ 0.3811/15/2023 -18,433.63 AAA 0.36 319.29 0.25% 999,993.63 5.26%0.250% 91282CBV2 500,000.00U.S. Treasury 11/22/2021 496,308.59 96.12 480,585.00 1.35% Aaa/AA+ 0.7904/15/2024 -18,191.56 AAA 0.76 394.47 0.69% 498,776.56 5.45%0.375% 912828YV6 1,000,000.00U.S. Treasury 07/22/2021 1,035,742.19 94.93 949,260.00 2.75% Aaa/AA+ 1.4211/30/2024 -65,858.33 AAA 1.36 1,270.49 0.43% 1,015,118.33 5.26%1.500% 912828ZT0 500,000.00U.S. Treasury 06/29/2021 491,542.97 91.50 457,480.00 1.34% Aaa/AA+ 1.9205/31/2025 -38,380.07 AAA 1.86 105.87 0.69% 495,860.07 4.95%0.250% 91282CAZ4 1,000,000.00U.S. Treasury 07/22/2021 989,492.19 90.25 902,500.00 2.69% Aaa/AA+ 2.4211/30/2025 -91,665.26 AAA 2.34 317.62 0.62% 994,165.26 4.69%0.375% 91282CBH3 500,000.00U.S. Treasury 02/25/2021 494,433.59 89.77 448,830.00 1.34% Aaa/AA+ 2.5901/31/2026 -48,246.17 AAA 2.50 782.11 0.60% 497,076.17 4.62%0.375% 91282CCF6 1,000,000.00U.S. Treasury 07/22/2021 1,002,382.81 89.80 897,970.00 2.71% Aaa/AA+ 2.9205/31/2026 -103,461.84 AAA 2.80 635.25 0.70% 1,001,431.84 4.52%0.750% Run Date: 7/10/2023 - 12:51 PM
Amortizing
19 110
Holdings Report
City of Lynwood June 30, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Treasuries
91282CCZ2 500,000.00U.S. Treasury 10/19/2021 492,949.22 89.45 447,225.00 1.34% Aaa/AA+ 3.2509/30/2026 -48,139.51 AAA 3.11 1,099.73 1.17% 495,364.51 4.39%0.875% 91282CGC9 630,000.00U.S. Treasury 03/03/2023 616,587.89 98.57 620,965.80 1.67% Aaa/AA+ 4.5112/31/2027 3,473.12 AAA 4.05 66.34 4.37% 617,492.68 4.23%3.875% 6,619,400.39 6,186,375.80 17.90% 2.14
6,615,279.05 0.95% 6,630,000.00 4.84% 4,991.17 -428,903.25 2.03Total U.S. Treasuries 36,981,785.07 35,892,711.43 100.00% 1.76
169,295.92 -1,066,706.09 1.46 4.72% 36,959,417.52 2.84% 37,031,145.59TOTAL PORTFOLIO TOTAL MARKET VALUE PLUS ACCRUED INTEREST 36,062,007.35 Run Date: 7/10/2023 - 12:51 PM
Amortizing
20 111
Maturity Report
City of Lynwood June 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
FGTXX 5.015% 1Goldman Sachs Govt MMF 93,328.79 07/01/2023 1 5.01% 93,328.79 93,328.79 9819499 3.170% 1LAIF 05/18/2020 9,710,816.80 07/01/2023 1 3.17% 9,710,816.80 9,710,816.80 78015DU32 0.000% 266Royal Bank of Canada, NY 10/07/2022 499,806.17 07/03/2023 3 4.76% 500,000.00 499,225.00 38148PR33 3.300% 1,817Goldman Sachs Bank 07/09/2018 247,998.13 07/06/2023 6 3.35% 248,000.00 247,918.09 90331HNV1 3.400% 1,582US Bank 03/01/2019 250,050.15 07/24/2023 24 3.08% 250,000.00 249,662.50 949763TF3 3.300% 1,764Wells Fargo Bank NA 08/31/2018 247,980.93 08/30/2023 61 3.35% 248,000.00 247,119.39 29278TLY4 2.000% 1,369EnerBank 09/30/2019 247,970.93 09/27/2023 89 2.05% 248,000.00 245,927.65 91282CAW1 0.250% 708U.S. Treasury 07/22/2021 999,993.63 11/15/2023 138 0.25% 1,000,000.00 981,560.00 89236TFS9 3.350% 1,583Toyota Motor Credit 02/28/2019 250,380.83 01/08/2024 192 3.03% 250,000.00 247,075.00 17312Q3B3 3.000% 1,583Citibank 02/28/2019 247,924.03 02/27/2024 242 3.05% 248,000.00 244,145.40 3130A0XE5 3.250% 312FHLB 08/22/2022 1,638,566.24 03/08/2024 252 3.38% 1,640,000.00 1,615,826.40 91282CBV2 0.375% 585U.S. Treasury 11/22/2021 498,776.56 04/15/2024 290 0.69% 500,000.00 480,585.00 46625HJX9 3.625% 1,509JPMorgan Chase & Co 05/13/2019 502,628.33 05/13/2024 318 2.97% 500,000.00 491,145.00 3133EKTV8 1.900% 1,459FFCB 07/02/2019 499,979.93 07/01/2024 367 1.90% 500,000.00 482,620.00 3133ENG20 3.300% 316FFCB 08/18/2022 999,039.75 08/15/2024 412 3.39% 1,000,000.00 977,480.00 32100LCB9 1.850% 1,386First Missouri State Bank 09/13/2019 248,000.00 09/13/2024 441 1.85% 248,000.00 236,315.38 3133EK3B0 1.500% 1,352FFCB 10/17/2019 199,577.78 10/16/2024 474 1.67% 200,000.00 190,820.00 912828YV6 1.500% 708U.S. Treasury 07/22/2021 1,015,118.33 11/30/2024 519 0.43% 1,000,000.00 949,260.00 64952WDL4 2.000% 1,255New York Life 01/22/2020 249,719.78 01/22/2025 572 2.08% 250,000.00 236,392.50 88579YBH3 2.000% 2963M 09/07/2022 484,357.86 02/14/2025 595 4.04% 500,000.00 471,555.00 3130A4CH3 2.375% 996FHLB 10/07/2020 515,890.18 03/14/2025 623 0.49% 500,000.00 477,695.00 30231GBH4 2.992% 1,103Exxon Mobil 06/22/2020 258,250.61 03/19/2025 628 0.99% 250,000.00 240,815.00 912828ZT0 0.250% 731U.S. Treasury 06/29/2021 495,860.07 05/31/2025 701 0.69% 500,000.00 457,480.00 3136G4H71 0.500% 1,046FNMA 08/18/2020 500,000.00 08/12/2025 774 0.50% 500,000.00 456,095.00 27002YFE1 3.300% 316EagleBank 08/18/2022 248,000.00 08/18/2025 780 3.30% 248,000.00 239,129.90 59217GFC8 4.050% 309MetLife 08/25/2022 499,555.09 08/25/2025 787 4.09% 500,000.00 481,640.00 3130ASYR4 4.000% 304FHLB 08/30/2022 2,000,000.00 08/28/2025 790 4.00% 2,000,000.00 1,954,200.00 3137EAEX3 0.375% 983FHLMC 10/20/2020 498,870.00 09/23/2025 816 0.48% 500,000.00 453,580.00 05580AXF6 0.500% 1,008BMW Bank 09/25/2020 248,000.00 09/25/2025 818 0.50% 248,000.00 224,242.97 91282CAZ4 0.375% 708U.S. Treasury 07/22/2021 994,165.26 11/30/2025 884 0.62% 1,000,000.00 902,500.00 91282CBH3 0.375% 855U.S. Treasury 02/25/2021 497,076.17 01/31/2026 946 0.60% 500,000.00 448,830.00 037833BY5 3.250% 309Apple 08/25/2022 497,034.19 02/23/2026 969 3.49% 500,000.00 481,380.00 856283S98 1.000% 794State Bank of India 04/27/2021 248,000.00 04/27/2026 1,032 1.00% 248,000.00 223,284.29 91282CCF6 0.750% 708U.S. Treasury 07/22/2021 1,001,431.84 05/31/2026 1,066 0.70% 1,000,000.00 897,970.00 02007GUP6 3.350% 358Ally Bank 07/07/2022 248,000.00 07/07/2026 1,103 3.35% 248,000.00 238,888.77 89235MLC3 0.950% 715Toyota Financial Savings Bank 07/15/2021 248,000.00 07/15/2026 1,111 0.95% 248,000.00 221,899.49 Run Date: 7/10/2023 - 12:51 PM
Amortizing
21 112
Maturity Report
City of Lynwood June 30, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
YTMIssuer
Days to
Maturity
Book
90348JR93 0.950% 688UBS Bank USA 08/11/2021 248,000.00 08/11/2026 1,138 0.95% 248,000.00 221,231.12 15721UFP9 4.750% 107CFBank 03/15/2023 248,000.00 09/15/2026 1,173 4.75% 248,000.00 249,100.16 32117BFR4 5.000% 99First National Bank 03/23/2023 248,000.00 09/23/2026 1,181 5.00% 248,000.00 250,991.78 91282CCZ2 0.875% 619U.S. Treasury 10/19/2021 495,364.51 09/30/2026 1,188 1.17% 500,000.00 447,225.00 3130AQEC3 1.370% 547FHLB 12/30/2021 500,000.00 12/30/2026 1,279 1.37% 500,000.00 449,805.00 3130AL5A8 0.900% 141FHLB 02/09/2023 444,307.10 02/26/2027 1,337 4.25% 500,000.00 435,580.00 808513BW4 3.300% 444Charles Schwab 04/12/2022 249,552.56 04/01/2027 1,371 3.35% 250,000.00 231,710.00 023135CF1 3.300% 386Amazon 06/09/2022 248,440.83 04/13/2027 1,383 3.48% 250,000.00 238,752.50 3130ARTT8 3.250% 407FHLB 05/19/2022 600,000.00 05/19/2027 1,419 3.25% 600,000.00 578,094.00 910286GM9 4.550% 1United Fidelity Bank FSB 06/29/2023 247,546.47 06/29/2027 1,460 4.60% 248,000.00 249,443.84 254673L38 3.400% 358Discover Bank 07/07/2022 248,000.00 07/06/2027 1,467 3.40% 248,000.00 239,106.79 14042RST9 3.450% 358Capital One Bank NA 07/07/2022 248,000.00 07/07/2027 1,468 3.45% 248,000.00 239,559.21 14042TJD0 3.550% 331Capital One Bank USA 08/03/2022 248,000.00 08/03/2027 1,495 3.55% 248,000.00 240,475.14 61768ELH4 3.500% 330Morgan Stanley Private Bank 08/04/2022 248,000.00 08/04/2027 1,496 3.50% 248,000.00 240,003.66 87164XN93 3.500% 329Synchrony Bank 08/05/2022 248,000.00 08/05/2027 1,497 3.50% 248,000.00 239,998.44 02589ADQ2 3.450% 322American Express National Bank 08/12/2022 204,155.95 08/10/2027 1,502 3.56% 205,000.00 197,977.26 3130AT2L0 4.050% 304FHLB 08/30/2022 1,000,000.00 08/25/2027 1,517 4.05% 1,000,000.00 966,190.00 91282CGC9 3.875% 119U.S. Treasury 03/03/2023 617,492.68 12/31/2027 1,645 4.37% 630,000.00 620,965.80 32114VCH8 4.600% 107First National Bank of Michigan 03/15/2023 248,000.00 03/15/2028 1,720 4.60% 248,000.00 251,757.08 61690U3C2 4.800% 106Morgan Stanley Bank 03/16/2023 247,486.05 03/16/2028 1,721 4.85% 248,000.00 253,824.60 062119BK7 4.650% 102Bank Five Nine 03/20/2023 248,000.00 03/20/2028 1,725 4.65% 248,000.00 252,303.73 12547CBJ6 4.350% 44CIBC Bank USA 05/17/2023 247,460.29 05/16/2028 1,782 4.40% 248,000.00 249,416.19 05600XQE3 4.500% 44BMO Harris Bank NA 05/17/2023 247,462.71 05/16/2028 1,782 4.55% 248,000.00 251,061.80 3134GYUE0 6.000% 0FHLMC 06/30/2023 1,000,000.00 06/28/2028 1,825 6.00% 1,000,000.00 999,730.00 Net Maturities and Averages 36,959,417.52 642 2.84% 35,892,711.43 37,031,145.59 Run Date: 7/10/2023 - 12:51 PM
Amortizing
22 113
Income Earned Summary
City of Lynwood June 30, 2023
Fiscal Year To DateJune 30 Month End
Interest
Interest Received/Purchased
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned During Period
Total Adjustments for Amortization/Accretion
Total Capital Gains or Losses
Total Earnings During Period
37,874.55 631,837.44
169,295.92 169,295.92
-149,156.85 -74,680.06
58,013.62 726,453.30
2,963.13 49,888.18
13,472.29 0.00
60,976.75
789,813.78
Run Date: 7/10/2023 - 12:51 PM
Amortizing
25 114
Income Earned
City of Lynwood June 01, 2023 - June 30, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
Certificates of Deposit
20033AZK5 06/29/2023 0.00Comenity Capital Bank 247,990.90 0.00 67.27 695.08 0.00 627.81 9.10 636.91 38148PR33 07/06/2023 248,000.00Goldman Sachs Bank 247,988.78 247,998.13 3,273.60 0.00 3,946.26 672.66 9.35 682.01 949763TF3 08/30/2023 248,000.00Wells Fargo Bank NA 247,971.56 247,980.93 44.84 695.08 22.42 672.66 9.38 682.04 29278TLY4 09/27/2023 248,000.00EnerBank 247,961.14 247,970.93 67.95 421.26 54.36 407.67 9.80 417.47 17312Q3B3 02/27/2024 248,000.00Citibank 247,914.62 247,924.03 1,916.05 0.00 2,527.56 611.51 9.42 620.93 32100LCB9 09/13/2024 248,000.00First Missouri State Bank 248,000.00 248,000.00 1,005.59 0.00 1,382.68 377.09 0.00 377.09 27002YFE1 08/18/2025 248,000.00EagleBank 248,000.00 248,000.00 313.91 695.08 291.48 672.65 0.00 672.65 05580AXF6 09/25/2025 248,000.00BMW Bank 248,000.00 248,000.00 231.01 0.00 332.93 101.92 0.00 101.92 856283S98 04/27/2026 248,000.00State Bank of India 248,000.00 248,000.00 237.81 0.00 441.64 203.83 0.00 203.83 02007GUP6 07/07/2026 248,000.00Ally Bank 248,000.00 248,000.00 3,300.44 0.00 3,983.29 682.85 0.00 682.85 89235MLC3 07/15/2026 248,000.00Toyota Financial Savings Bank 248,000.00 248,000.00 884.31 0.00 1,077.95 193.64 0.00 193.64 90348JR93 08/11/2026 248,000.00UBS Bank USA 248,000.00 248,000.00 135.55 200.10 129.10 193.65 0.00 193.65 15721UFP9 09/15/2026 248,000.00CFBank 248,000.00 248,000.00 548.66 1,000.49 516.38 968.21 0.00 968.21 32117BFR4 09/23/2026 248,000.00First National Bank 248,000.00 248,000.00 305.75 1,053.15 271.78 1,019.18 0.00 1,019.18 910286GM9 06/29/2027 248,000.00United Fidelity Bank FSB 0.00 247,546.47 0.00 0.00 61.83 61.83 0.31 62.14 254673L38 07/06/2027 248,000.00Discover Bank 248,000.00 248,000.00 3,372.80 0.00 4,065.84 693.04 0.00 693.04 14042RST9 07/07/2027 248,000.00Capital One Bank NA 248,000.00 248,000.00 3,398.96 0.00 4,102.19 703.23 0.00 703.23 14042TJD0 08/03/2027 248,000.00Capital One Bank USA 248,000.00 248,000.00 2,846.22 0.00 3,569.84 723.62 0.00 723.62 61768ELH4 08/04/2027 248,000.00Morgan Stanley Private Bank 248,000.00 248,000.00 2,782.36 0.00 3,495.78 713.42 0.00 713.42 87164XN93 08/05/2027 248,000.00Synchrony Bank 248,000.00 248,000.00 2,758.58 0.00 3,472.00 713.42 0.00 713.42 02589ADQ2 08/10/2027 205,000.00American Express National Bank 204,139.09 204,155.95 2,150.82 0.00 2,732.12 581.30 16.86 598.16 32114VCH8 03/15/2028 248,000.00First National Bank of Michigan 248,000.00 248,000.00 531.33 968.90 500.08 937.65 0.00 937.65 61690U3C2 03/16/2028 248,000.00Morgan Stanley Bank 247,477.10 247,486.05 2,511.25 0.00 3,489.67 978.42 8.96 987.38 062119BK7 03/20/2028 248,000.00Bank Five Nine 248,000.00 248,000.00 379.13 979.43 347.54 947.84 0.00 947.84 05600XQE3 05/16/2028 248,000.00BMO Harris Bank NA 247,453.66 247,462.71 489.21 0.00 1,406.47 917.26 9.05 926.31 12547CBJ6 05/16/2028 248,000.00CIBC Bank USA 247,451.20 247,460.29 472.90 0.00 1,359.58 886.68 9.09 895.77 Certificates of Deposit - Sub Total 6,157,000.00 6,154,348.05 6,153,985.50 34,026.30 6,708.57 43,580.77 16,263.04 91.29 16,354.33 Commercial Paper
78015DU32 07/03/2023 500,000.00Royal Bank of Canada, NY 497,932.50 499,806.17 0.00 0.00 0.00 0.00 1,873.67 1,873.67 Commercial Paper - Sub Total
500,000.00 497,932.50 499,806.17 0.00 0.00 0.00 0.00 1,873.67 1,873.67 Corporate Bonds
90331HNV1 07/24/2023 250,000.00US Bank 250,110.74 250,050.15 2,998.61 0.00 3,706.94 708.33 -60.59 647.74 Run Date: 7/10/2023 - 12:51 PM
Amortizing
26 115
Income Earned
City of Lynwood June 01, 2023 - June 30, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
Corporate Bonds
89236TFS9 01/08/2024 250,000.00Toyota Motor Credit 250,441.61 250,380.83 3,326.74 0.00 4,024.65 697.91 -60.77 637.14 46625HJX9 05/13/2024 500,000.00JPMorgan Chase & Co 502,871.85 502,628.33 906.25 0.00 2,416.67 1,510.42 -243.52 1,266.90 64952WDL4 01/22/2025 250,000.00New York Life 249,705.32 249,719.78 1,791.67 0.00 2,208.33 416.66 14.46 431.12 88579YBH3 02/14/2025 500,000.003M 483,581.11 484,357.86 2,972.22 0.00 3,805.56 833.34 776.75 1,610.09 30231GBH4 03/19/2025 250,000.00Exxon Mobil 258,637.15 258,250.61 1,496.00 0.00 2,119.33 623.33 -386.54 236.79 59217GFC8 08/25/2025 500,000.00MetLife 499,538.44 499,555.09 5,400.00 0.00 7,087.50 1,687.50 16.65 1,704.15 037833BY5 02/23/2026 500,000.00Apple 496,943.93 497,034.19 4,423.61 0.00 5,777.78 1,354.17 90.25 1,444.42 808513BW4 04/01/2027 250,000.00Charles Schwab 249,542.96 249,552.56 1,375.00 0.00 2,062.50 687.50 9.60 697.10 023135CF1 04/13/2027 250,000.00Amazon 248,407.66 248,440.83 1,100.00 0.00 1,787.50 687.50 33.17 720.67 Corporate Bonds - Sub Total 3,500,000.00 3,489,780.77 3,489,970.23 25,790.10 0.00 34,996.76 9,206.66 189.46 9,396.12 LAIF
9819499 07/01/2023 9,710,816.80LAIF 9,710,816.80 9,710,816.80 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total
9,710,816.80 9,710,816.80 9,710,816.80 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds
FGTXX 07/01/2023 93,328.79Goldman Sachs Govt MMF 55,000.40 93,328.79 409.73 409.73 660.20 660.20 0.00 660.20 Money Market Funds - Sub Total
93,328.79 55,000.40 93,328.79 409.73 409.73 660.20 660.20 0.00 660.20 U.S. Agencies
3130A0XE5 03/08/2024 1,640,000.00FHLB 1,638,398.58 1,638,566.24 12,288.61 0.00 16,730.28 4,441.67 167.66 4,609.33 3133EKTV8 07/01/2024 500,000.00FFCB 499,978.32 499,979.93 3,958.33 0.00 4,750.00 791.67 1.61 793.28 3133ENG20 08/15/2024 1,000,000.00FFCB 998,970.99 999,039.75 9,716.67 0.00 12,466.67 2,750.00 68.76 2,818.76 3133EK3B0 10/16/2024 200,000.00FFCB 199,551.50 199,577.78 375.00 0.00 625.00 250.00 26.28 276.28 3130A4CH3 03/14/2025 500,000.00FHLB 516,640.70 515,890.18 2,539.93 0.00 3,529.51 989.58 -750.51 239.07 3136G4H71 08/12/2025 500,000.00FNMA 500,000.00 500,000.00 715.28 0.00 923.61 208.33 0.00 208.33 3130ASYR4 08/28/2025 2,000,000.00FHLB 2,000,000.00 2,000,000.00 20,666.67 0.00 27,333.33 6,666.66 0.00 6,666.66 3137EAEX3 09/23/2025 500,000.00FHLMC 498,829.19 498,870.00 354.17 0.00 510.42 156.25 40.81 197.06 3130AQEC3 12/30/2026 500,000.00FHLB 500,000.00 500,000.00 2,873.19 3,425.00 19.03 570.84 0.00 570.84 3130AL5A8 02/26/2027 500,000.00FHLB 443,079.82 444,307.10 1,187.50 0.00 1,562.50 375.00 1,227.28 1,602.28 3130ARTT8 05/19/2027 600,000.00FHLB 600,000.00 600,000.00 650.00 0.00 2,275.00 1,625.00 0.00 1,625.00 3130AT2L0 08/25/2027 1,000,000.00FHLB 1,000,000.00 1,000,000.00 10,800.00 0.00 14,175.00 3,375.00 0.00 3,375.00 3130AV6P2 03/27/2028 0.00FHLB 1,000,000.00 0.00 10,755.56 15,125.00 0.00 4,369.44 0.00 4,369.44 3134GYUE0 06/28/2028 1,000,000.00FHLMC 0.00 1,000,000.00 0.00 0.00 166.67 166.67 0.00 166.67 Run Date: 7/10/2023 - 12:51 PM
Amortizing
27 116
Income Earned
City of Lynwood June 01, 2023 - June 30, 2023
CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
U.S. Agencies - Sub Total 10,440,000.00 10,395,449.10 10,396,230.98 76,880.91 18,550.00 85,067.02 26,736.11 781.88 27,517.99 U.S. Treasuries
91282CAW1 11/15/2023 1,000,000.00U.S. Treasury 999,992.24 999,993.63 115.49 0.00 319.29 203.80 1.39 205.19 91282CBV2 04/15/2024 500,000.00U.S. Treasury 498,650.00 498,776.56 240.78 0.00 394.47 153.69 126.56 280.25 912828YV6 11/30/2024 1,000,000.00U.S. Treasury 1,015,992.23 1,015,118.33 40.98 0.00 1,270.49 1,229.51 -873.89 355.62 912828ZT0 05/31/2025 500,000.00U.S. Treasury 495,682.90 495,860.07 3.42 0.00 105.87 102.45 177.17 279.62 91282CAZ4 11/30/2025 1,000,000.00U.S. Treasury 993,967.25 994,165.26 10.25 0.00 317.62 307.37 198.01 505.38 91282CBH3 01/31/2026 500,000.00U.S. Treasury 496,983.44 497,076.17 626.73 0.00 782.11 155.38 92.72 248.10 91282CCF6 05/31/2026 1,000,000.00U.S. Treasury 1,001,472.13 1,001,431.84 20.49 0.00 635.25 614.76 -40.30 574.46 91282CCZ2 09/30/2026 500,000.00U.S. Treasury 495,247.45 495,364.51 741.12 0.00 1,099.73 358.61 117.06 475.67 91282CGC9 12/31/2027 630,000.00U.S. Treasury 617,264.58 617,492.68 10,250.55 12,206.25 66.34 2,022.04 228.10 2,250.14 U.S. Treasuries - Sub Total 6,630,000.00 6,615,252.23 6,615,279.05 12,049.81 12,206.25 4,991.17 5,147.61 26.82 5,174.43 37,031,145.59Grand Total 36,918,579.84 36,959,417.52 149,156.85 37,874.55 169,295.92 58,013.62 2,963.13 60,976.75 Run Date: 7/10/2023 - 12:51 PM
Amortizing
28 117

AGENDA STAFF REPORT

DATE:

September 19, 2023
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Julian Lee, Director of Public Works
SUBJECT:

AWARD OF CONTRACT TO CALIFORNIA PAVING AND GRADING CO., INC. FOR PARKING LOT PAVEMENT

IMPROVEMENT WORK AT LOS
ANGELES COUNTY FIRE DEPARTMENT FIRE STATION 147. CIP
PROJECT NO. 4011.68.119
Agenda Item # 9.3.

Recommendation:

Staff recommends that the City Council adopt the attached resolution entitled: “ A

AUTHORIZING THE CITY

MANAGER TO APPROVE AGREEMENT AMENDMENTS RELATED TO THE PROJECT AND
AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT.”
Background:

The Los Angeles County Fire Department requested assistance from the City of Lynwood for review of the existing conditions of the Fire Station 147. The City consulted with Infrastructure Engineers (IE) to review the existing conditions of Los Angeles County Fire Station 147. IE reviewed both buildings and provided a detailed list of needed repairs and replacements.

Recommended improvements included: replacing the apparatus bay concrete floor, installing perimeter fencing and gate, and back yard pavement repair for Fire Station 147.

On August 21, 2022, the City received three proposals for the improvement work at Los Angeles County Fire Station 147. Seniors and Juniors, Inc. was the lowest responsible bidder for Fire Station 147 at $183,800.00. The award recommendation was scheduled to go to the City Council on February 21, 2023, but upon review of contractor’s proposal, staff acknowledged that Seniors and Juniors Inc. had not registered with the Department of City Council City Council Regular Meeting 118
Industrial Relations (DIR) prior to submitting their proposal as required by Law (Per Labor Code, Sec. 1771.1). On March 21, 2023 the City Council rejected all bids for the improvements at Los Angeles County Fire Station 147. Staff was authorized to reevaluate the scope of work and re-advertise the project at a future date.

On July 26 2023, staff sent an informal request to solicit proposals to multiple contractors for the Fire Station 147 back parking lot paving improvements (Project).

Discussion and Analysis:

Pursuant to Section 6-3.7(b)(2) of the Lynwood Municipal Code, purchases between $50,001 and $200,000 shall be by an informal bid process and must be approved by the City Council.

The City conducted an informal proposal for construction for the Project. Multiple contractors were invited to visit Fire Station 147. Two (2) contractors attended the visit at the project site to discuss the scope of work, and proposals were requested from the contractors. The following two (2) proposals were received:

Proposer
Proposal Amount

1. California Paving and Grading Co., Inc.
$53,965.00

2. Onyx Paving Company, Inc.
$66,500.00

Staff reviewed the contractor’s proposal and acknowledged bidder’s documents and fee schedule. Upon review, staff determined that California Paving and Grading Co. showed a better understanding of the City’s request and has a lower fee schedule. Staff recommends the City Council award the contract to California Paving and Grading Co., Inc. in the amount of $53,965.00

Project Budget

The table below is the proposed revised construction budget.

Construction Contract Amount
$53,965.00
15% Contingency
$8,095.00
Construction Inspection (10%)
$5,397.00
City Council City Council Regular Meeting 119
Quote 2 CALIFORNIA PAVING AND GRADING FS 147 PARKING LOT PAVEMENT.pdf 09-19-23 Fire Station 147 Parking Lot Pavement Award (Resolution) - PWD Submitted.docx
Fire Station 147 Parking Lot Pavement PO_-AGREEMENT_Services-9-14-23_PW.pdf Project Management (10%)
$5,397.00
Labor Compliance & Other Cost (10%)
$5,146.00
Total Estimated Construction Cost
$78,000.00
Fiscal Impact:

The Project has an approved FY24 Budget of $253,000 from ARPA. The total construction amount is estimated at $78,000. Additionally, the total construction amount for the replacement of the apparatus bay concrete floor and gate is estimated at $123,000. The total construction cost for both improvements at Fire Station 147 is estimated at $201,000.

Therefore, no additional appropriation is needed to deliver this project.

Coordinated With:

City Manager’s Office
Department of Finance and Administration Services
ATTACHMENTS:

Description
City Council City Council Regular Meeting 120
Proposal & Contract
Date
8/2/2023
Proposal #
232005
Customer Name / Address
City of Lynwood
11300 Bullis Rd.

Lynwood, CA 90262
Attn: Andres De La Cruz
Job / Address
3161 E. Imperial Hwy.

Lynwood, CA 90262
Prevailing Wage
Option#2
P.O. No.Terms of Sale
Due on Completion
Rep
LA
Job Number
232005 - 3161 E. Imp...

Description Total
Remove & Haul Away Existing Cracked Asphalt Areas Totaling Approximately 5,000 Square. Ft.

Fine Grade Areas to be Paved
Install 2" Inches of Base Material to Areas Totaling Approximately 300 Square Ft.,(Sunken Area) Install 4" Inches of Asphalt to Areas Totaling Approximately 5,000 Square Ft.

Compact All New Asphalt Material with Machine Roller
Stripe as Per Specifications for 10 Stalls
Prevailing Wages Apply for This Work Site
Quotes are Valid for 30 Days
All work is to be completed in a substantial and workmanlike manner according to standard practices for the sum of ... 37,260.00 ALT A: Instead of Paving Pour at 8" Inch With #4 Rebar 12" O.C. Over 4" Inch of Base Approx. 1,260 Sq. Ft. & Dowels to Existing Concrete
Additional Price $16,705.00
California Paving & Grading Co.,Inc.

By: Luis Alvarez

Page 1 ends

121
Proposal & Contract
Date
8/2/2023
Proposal #
232005
Customer Name / Address
City of Lynwood
11300 Bullis Rd.

Lynwood, CA 90262
Attn: Andres De La Cruz
Job / Address
3161 E. Imperial Hwy.

Lynwood, CA 90262
Prevailing Wage
Option#2
P.O. No.Terms of Sale
Due on Completion
Rep
LA
Job Number
232005 - 3161 E. Imp...

Description Total
NOTICE TO OWNER (Section 7019 - Contractors License Law) - Under the Mechanics Lien Law (California Code of Civil Procedures, Section 1181 et seq.) any contractor, sub-contractor, laborer, supplier or other person who helps to improve your property but is not paid for his work or supplies, has a right to enforce a claim against your property. This means that, after a court hearing, your property could be sold by a court officer and proceeds of the sale used to satisfy the indebtedness. This can happen even if you have paid your own contractor in full, if the subcontractor, laborer or supplier remains unpaid. Under the law you may protect yourself against such claims by filling, before commencing such work of improvement, an original contract for the work of improvement or a modification thereof, in the office of the county recorder of the county where the property is situated and requiring that a contractor's payment bond be recorded in such office. Said bond shall be in an amount not less than fifty percent (50%) of the contract price and shall, in addition to any conditions for the performance of the contract, be conditioned for the payment in full of the claims of all persons furnishing labor, services, equipment or materials for the work described in said contract. This contract also contains provisions to homeowners as set forth in 1689.7 (a) and details set forth in (b) and (c).

Contractors are required by law to be licensed and regulated by the Contractors' State License Board. Any questions concerning a contractor may be referred to the registrar of the board whose address is: Contractors State License Board, 9821 Business Park Drive
Sacramento, CA 95827
Information about seal coat:

Seal coat is designed to protect asphalt from water erosion and UV oxidation; it also beautifies your parking lot or driveway by giving it a deep black color. misconception customers have is they expect cracks to disappear or for the seal to hide imperfections in the existing asphalts surface. Seal coat WILL NOT hide cracks, depressions, uneven or rough areas. Even if crack filler is applied prior to seal coat, cracks will still be visible after the work is complete, seal coat will not adhere to oil spots on asphalt. No Guarantee is given on seal coat, crackfill, or patching jobs. If you feel your project may require more work than just a seal coat, please contact your estimator so he can make the proper recommendations. not responsible for animal, human, or vehicular tracking of sealcoat. Not responsible for replacement of wet subgrade unless specified, such work can be peformed at additional cost. A or B Permit jobs must be paid in full upon completion, PAYMENT CANNOT BE WITHHELD AWAITING FINAL INSPECTION.

CALIFORNIA PAVING & GRADING CO., INC. (CP&G) GENERAL TERMS AND CONDITIONS OF SALE TERMS: Progress payments are expected during duration of job, failure to make payments will stop production, put job at idle.final payment due when work is completed. Any unpaid amount will be subject to 5% interest per month. CP&G shall be entitled to collect attorney fees and court costs in the pursuit for any unpaid balance. All work to be completed with one (1) move unless otherwise stated. Prevailing wages are not included unless otherwise stated. ONLY complete removal and replacement jobs carry one-year guarantee. no guarantee is given on seal coat, patching, or resurface jobs. Proposal is valid for thirty (30) days.

CP&G is not responsible for delays caused by weather, scheduling issues, unforseen wet subgrade, public works/permitted jobs and

Page 2 ends

122
Proposal & Contract
Date
8/2/2023
Proposal #
232005
Customer Name / Address
City of Lynwood
11300 Bullis Rd.

Lynwood, CA 90262
Attn: Andres De La Cruz
Job / Address
3161 E. Imperial Hwy.

Lynwood, CA 90262
Prevailing Wage
Option#2
P.O. No.Terms of Sale
Due on Completion
Rep
LA
Job Number
232005 - 3161 E. Imp...

Description Total
A or B permit projects.

ADDITIONAL CHARGES: This proposal excludes permits, plans, inspections, testing, surveying, manhole adjusting, utility adjustments or relocations, street striping or signage, rough grading, storm drains and street lighting. Import and/or export of fill to be charged as extra, if needed. if for any reason additional move is required beyond CP&G control, move in charge will be minimum $650 per occurance.

CHANGE ORDERS: All changes to this proposal must be completed by our office in writing and shown as a change order to this proposal. Any change to this proposal will be executed only upon written orders for same, and will become an extra charge over the sum mentioned in this contract. Any change written or typed by the customer on our contract is null and void. DEFINITIONS:

Unless otherwise specified, the term grade shall mean that present grades are within one inch of finish sub-grade. Weed killer to be applied only where specified. CP&G accepts no responsibility for future growth of vegetation. Cracks will still be visible at completion of all seal coating jobs, no guarantee against seal coat adhering to oil spots on asphalt. CP&G cannot guarantee that all cracks will be filled and or patched.

EXCEPTIONS: CP&G shall not be responsible for cracks in asphalt due to soil or sub-grade movement or failure or on any resurfacing of existing asphalt. No gurantee on resurfacing jobs. CP&G shall not be liable for any damage to or breakage of underground pipes and/or conduits not buried minimum 18" deep or visible from the surface of the ground nor for any damage to approaches (including sidewalk) from the street to the property line. CP&G shall not be responsible for water drainage when resurfacing over existing asphalt and concrete areas. Water drainage subject to existing conditions. CP&G shall not be responsible for cracking of new concrete surface; for graffiti of new concrete; for repair to damage of irrigation lines, sprinkler heads or grass lawns. CP&G can offer no guarantee against power steering marks, especially in hot weather as this is a natural occurrence. CP&G is not liable for sinkage of trenches due to lack of completion by others. CP&G shall not be responsible for any color ordered from a color chart varying from concrete color actually delivered due to the variations in the coloring materials and other factors beyond the control of CP&G. Customer agrees that CP&G shall not be liable for damages associated with any dissatisfaction with the color of concrete delivered or defects caused by a mixture designed and specified by the customer.

CP&G is not responsible for any discoloration such as blotching or dark spots on new concrete surfaces Proposals do not include disposal of petromat mixed with asphalt, unless specified in scope of work. pricing subject to increase if petromat is present. ADA compliance must be clearly stated in scope of work. Permit fees cannot be refunded, meaning if you cancel the contract after permit is obtained you are still responsible for reimbursement of fees to CP&G. special order materials cannot be canceled, returned, or refunded. customer responsible if contract canceled

Page 3 ends

ACCEPTANCE
You are hereby authorized to proceed with the work as per above and I agree to pay in the amount as stated on this Proposal, including initaled option(s). You the Buyer may cancel this transaction at any time prior to midnight of the third business day after the date of this transaction. All terms and conditions on of attached pages are incorporated herein and made part hereof.

Accepted By:______________________________________________________ Date:_________________ 123
1 RESOLUTION NO. ____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD

AWARDING A CONTRACT TO CALIFORNIA PAVING AND GRADING
CO., INC. IN THE AMOUNT OF $53,965.00 FOR THE PARKING LOT

PAVEMENT IMPROVEMENTS AT LOS ANGELES COUNTY FIRE
DEPARTMENT FIRE STATION 147; AUTHORIZING THE CITY MANAGER

TO APPROVE AGREEMENT AMENDMENTS RELATED TO THE PROJECT AND AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT.

WHEREAS, the City conducted an informal bidding process for back- parking lot pavement improvements at Los Angeles County Fire Department Fire Station 147. Multiple contractors were invited to visit Fire Station 147. The scope of work for the fire station was discussed and proposals were requested from the two contractors that attended; and WHEREAS, the scope of work consists of furnishing all labor, material, equipment, services, and incidentals required for the back-parking lot pavement improvement; and WHEREAS, On August 2, 2023, the City received two proposals for back-parking lot pavement improvement work at Los Angeles County Fire Station 147. California Paving and Grading Co., Inc. was the lowest bid at $53,965.00; and WHEREAS, the City has selected California Paving and Grading Co., Inc. as the lowest responsible responsive bidder; and
WHEREAS, the total project cost including contingency, inspection, project management, labor compliance and other costs will be $78,000; and WHEREAS, the cost for the project is less than the budgeted amount, additional appropriation is not needed to move forward with this Project.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS:

Section 1. The City Council of the City of Lynwood hereby finds and declares that the foregoing recitals are true and correct and incorporates said recitals fully into this resolution as substantive findings.

Section 2. The City Council of the City of Lynwood authorizes the Mayor to execute the agreement between the City of Lynwood and California Paving and Grading Co., Inc. for Fire Station 147 (“Project”) in the amount of $53,965.00.

Section 3. The City Council of the City of Lynwood authorizes the City Manager under LMC 6-3.15(d) to exceed the specific dollar amounts or percentage limitations under LMC 6-3.15(a) and authorizes the City Manager to approve consultant, vendor agreements, modifications, change orders or agreement amendments related to the Project up to the 124
2 available Project Budget.

Section 4. Authorize the Mayor to execute the Resolution for and on behalf of the City of Lynwood.

Section 5. This resolution shall take effect immediately upon its adoption.

Section 6. The City Clerk shall certify to the adoption of this resolution and hereafter the same shall be in full force and effect.
(Signatures on Next Page)
125
3 PASSED, APPROVED and ADOPTED this 19th day of September 2023.

Oscar Flores
Mayor
ATTEST:

Maria Quinonez
City Clerk
APPROVED AS TO FORM: APPROVED AS TO CONTENT:

Noel Tapia Ernie Hernandez
City Attorney City Manager
Julian Lee
Director of Public Works
126
4 STATE OF CALIFORNIA )
)

COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a regular meeting held on the 19th day of September 2023, and passed by the following votes:

AYES:

NOES:

ABSTAIN:

ABSENT:

Maria Quinonez, City Clerk

STATE OF CALIFORNIA )
)

COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true, and correct copy of Resolution No. on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 19th day of September 2023.

Maria Quinonez, City Clerk
127

City of Lynwood Purchase Order Terms and Conditions
(Procurement of Services)

City of Lynwood Purchase Order Terms and Conditions

1. Purchase of Services. The City of Lynwood (the “City”) has determined that it requires pavement improvements of the back-parking lot at Los Angeles Fire Department Fire Station 147 from California Paving and Grading Co., Inc. (the “Vendor”) and Vendor represents that it is fully
qualified to perform the service described in Section 2 – Scope of Services by virtue of its experience and the
training, education , and expertise of its pr incipals and employees. The execution of this Agreement by the City of Lynwood (“City”) : (a) constitutes acceptance of the Vendor’s offer on the terms and conditions stated in the Purchase Order, these Terms and Conditions , and all
other accompanying docu ments or attachments
referenced and incorporated in this document (the
“Agreement”), and (b) forms a contract between the
undersigned vendor (the “Vendor”) . Vendor agrees that the only terms and conditions that are applicable to this Agreement are those issued by the City and no other terms and conditions shall be binding upon the Parties. Any
additional or different terms or conditions offered by the Vendor are hereby rejected. If a court of competent
jurisdiction holds any part of tthis Agreement invalid, the balance shall retain its full force and effect. This
Agreement, these Terms and Conditions and any
additional documents, exhibits or attachments
incorporated by reference set forth the entire agreement between Vendor and City.

2. Scope of Services. The Vendor shall complete the
work as approved by the Director of Public Works of the City of Lynwood (Director) as more particularly described in the scope of services and compensation attached hereto as Attachment A (“Scope of Services”). Compensation
set forth in the Scope of Services includes all labor,
materials, out -of-pocket costs, taxes, and incidental
expenses reasonably incurred by Vendor that are
reasonably associated with the provision of the services described in the Scope of Services.

3. Compensation; Not-to-Exceed Amount. This
Agreement shall not exceed the payment of $53,965.00 for the services described in the Scope of Service. Any
payments exceeding the not-to-exceed amount may not be
paid unless approved by the Director in writing or the by the City Council, if the amount exceeds $50,000.

4. Term of Agreement . This Agreement shall become
effective when signed by both parties (the “Effective Date”) and will terminate on the earlier of: (a) the date Vendor completes the services required under this Agreement, or (b) Twelve (12) months after the Effective Date. The City may at its sole discretion extend the term of this Agreement in writing for an additional three (3) months.

5. Acknowledgment. Vendor acknowledges that it has
received all applicable plans, specifications, descriptions, drawings, data, and all additional documents, exhibits or attachments to which reference is made in this Agreement and in all other accompanying documents or attachments
referenced therein. Vendor further acknowledges that the plans, specifications, descriptions, drawings, data, and other documents are adequate to enable Vendor to
determine fairly its ability to procure the items ordered, and/or to perform the work or services specified, in this Agreement, at the price and in accordance with the
specified delivery date(s) and/or performance schedule(s) set forth therein. Vendor represents and warrants that it now has, or it can readily procure without the City's
assistance, all the items, facilities, and/or labor necessary for performing this Agreement.

6. Assignment. Vendor shall not delegate or subcontract any of the duties or obligations or assign any rights or claims under the this Agreement without City’s prior written consent.

7. Backorders & Product Substitution. To the extent that a specific product or products is required to be supplied under the Scope of Services, Vendor shall not backorder any item without first requesting authorization from the City, nor make any product substitution without prior
written authorization from the the City.

8. Changes to Scope of Services . It is mutually
understood and agreed that no changes, alteration, or
variation to the Scope of Services shall be valid unless made in writing and signed by the City, and that no oral understandings or agreements not incorporated therein,
and no changes, alterations, or variations of the terms thereof unless made in writing between the parties, shall be binding. The City shall not compensate Vendor for
work, services, and /or costs and materials not authorized by in writing by the City . The City shall have the right to revoke, amend, or modify the foregoing Agreement at any time by issuance of a written Change Order. Vendor’s
failure to respond within ten (10) days to a written Change Order shall constitute Vendor’s acceptance of the change without price or other adjustment.

9. Compliance with Laws. The provision of services
under this Agreement shall comply with all current federal, state, and local laws and regulations relative thereto, including but not limited by those set forth by the California Occupational Safety and Health Act (Cal -OSHA). Vendor
further agrees to indemnify, defend and hold the City
harmless for any failure to so conform. If applicable, in connection with the specified services under this
Agreement, Vendor shall comply with the Occupational
Safety and Health Act’s hazardous communications
standard and PROVIDE COPIES OF APPLICABLE

MATERIAL SAFETY DATA SHEETS (MSDS) AT THE
TIME OF DELIVERY OF SERVICES OR GOODS.

10. Conflict of Interest. Vendor represents and warrants that no officer or employee of Vendor is currently a council member, officer, or employee of the City, or a member of its boards, commissions, or committees, except to the
extent permitted by law. Vendor further represents and
warrants that no council member, officer, or employee of City has, or shall have, any direct or indirect financial interest in this Agreement.

11. Default by Vendor/Breach of Contract. The City
reserves the right to terminate this Agreement at any time, any or all items not delivered as directed and within the time specified under this Agreement. In case of default by Vendor, the City may procure services from any source
available and may charge the difference between the price named in the Scope of Services and the actual cost thereof to the Vendor. Prices paid by the City shall be considered 128

City of Lynwood Purchase Order Terms and Conditions
(Procurement of Services)

City of Lynwood Purchase Order Terms and Conditions
the prevailing market price at the time such purchase is made.

12. Delivery/Performance - Time is of the Essence.

Time is of the essence in this Agreement and failure to deliver services specified under this Agreement shall be a material breach of this Agreement. If Vendor cannot deliver goods and or render services within the time specified on the Scope of Services, Vendor shall promptly notify City of the earliest possible date for del ivery/performance.

Notwithstanding such notice, City may terminate this
Agreement or any part thereof without liability except for services previously rendered and/or goods previously
delivered and accepted. City’s receipt or acceptance of all or part of a nonconforming delivery shall not constitute a waiver of any claim, right or remedy City has under this contract or applicable law.

13. Force Majeure. “Force Majeure” herein means an
event which is beyond the reasonable control of a Party, including without limitation, (a) acts of God including flood, fire, earthquake, hurricane or explosion, pandemic; (b) war, invasion, hostilities (whether war is declared or not), terrorist threats or acts, riot or other civil unrest; (c) government order or law that pre vents either Party from performing its obligations as set forth in this Agreement; (d) actions, embargoes or blockades in effect on or after the date of this Agreement; (e) action by any governmental authority that prevents either Party from performing its obligations as set forth in this Agreement; (f) national or regional emergency; (g) strikes, labor stoppages or
slowdowns or other industrial disturbances, other than
those involving the affected parties employees; (h)
shortage of adequate power or transp ortation
facilities. Neither Party shall be liable for any delay or default in, or failure of, performance resulting from or arising out of any Force Majeure event, and no such delay, default in, or failure of performance shall constitute a breach by either Party hereunder. Where a Force Majeure event gives rise to a failure or delay in either Party
performing its obligations under this Agreement (other than obligations to make payment), those obligations will be suspended for the duration of the Force Majeure event. A Party who becomes aware of a Force Majeure event which
gives rise to, or which is likely to give rise to, any failure or delay in performing its obligations under this Agreement, will forthwith notify the other and inform the other of the period for which it is estimated that such failure or delay will continue. The affected Party shall take reasonable steps to mitigate the effects of the Force Majeure event.

14. Hold Harmless. Vendor shall indemnify, defend, and
hold harmless the City, and its officers, officials,
employees and agents, from and against any and all
claims asserted, liability, loss damage, expense, costs, including without limitation costs and fees of litigation, of every nature arising out of, directly or indirectly, or in connection with the foregoing Agreement or the acts or
omissions of Vendor, Vendor’s subcontractors,
employees, representatives, agents and invitees including, but not limited to, performance of the work hereunder or failure to comply with any of the obligations contained herein, except such loss or damage which was caused by
the established active negligence of City or the established sole negligence or willful misconduct of City, its officers, officials, employees and agents. Said indemnification and hold harmless provisions shall be in full force and effect regardless of whether or not there shall be insurance
policies covering and applicable to such liability, loss, damage, expense or cost. Th e Vendor further specifically agrees that he shall indemnify and hold City free of any liability for any accident, loss or damage to the goods and/or work that is the subject of Agreement prior to its completion and acceptance by the City.

15. Law and Venue. This Agreementhas been negotiated
and executed in the state of California and shall be
governed by and construed under the laws of the state of California and and consents that venue of any action
brought hereunder shall be exclusively in the County of Los Angeles.

16. Patent/Copyright Indemnity. If any goods sold or
delivered to City by Vendor are protected by a patent or copyright, Vendor agrees to indemnify and hold harmless the City of Lynwood, its officers, agents, servants, and employees from and against any and all suits, claims,
judgments and costs instituted or recovered against it on account of the use or sale of such goods by City in violation of rights under such patent or copyright.

17. Payment Terms. Unless provided otherwise under the
Scope of Services in which case the terms of the Scope of Services shall prevail, Payment terms shall be net thirty (30) days from the date of receipt of invoice or acceptance of services, whichever occurs last. If City is entitled to a cash discount, the period of computation shall commence on the da te of receipt of invoice or acceptance of goods and/or services by City, whichever is later.

18. Permits, Licenses, and Other Requirements. During
the term of the Agreement, Vendor and its subcontractors (if authorized by the City) shall: (a) comply with all federal, state, and local laws requiring drivers and other licenses, business permits, and certificates required to carry out the services to be performed under this Agreement by federal, state, county, City and other governmental or regulatory bodies r; and (b) comply with all applicable federal, state and local laws, rules, regulations, and orders.

19. Proprietary Information. Upon completion or
cancellation of the Agreement, Vendor shall return all
designs, drawings, and blueprints (City Materials) that are furnished by the City for Vendor’s performance under this Agreement, if applicable. City Materials shall not be used by the Vendor in the production of materials for any third party without express written consent of the City. City Materials involve valuable property rights of City and shall be held confidential by Vendor. Vendor shall keep
confidential and not disclose or use in any way confidential business or technical information that the City may
disclose in conjunction with this Agreement or the Vendor may learn as a result of entering City property to deliver items or services or to perform work hereunder.

20. Severability. If any provision of this Agreement, and/or these Terms and Conditions, and/or any other
accompanying documents, and/or attachments referenced
in this Agreement is declared by a court to be illegal or in 129

City of Lynwood Purchase Order Terms and Conditions
(Procurement of Services)

City of Lynwood Purchase Order Terms and Conditions
conflict with any law, the validity of the remaining terms and conditions shall not be affected; and the rights and
obligations of the parties shall be construed and enforced as if the foregoing Purchase Order , and/or these Terms and Conditions, and/or any other accompanying
documents, and/or attachments referenced in this
Agreement did not contain the particular provision held to be invalid.

21. Taxes. Vendor must separately state on all invoices any taxes imposed by the local, state, or federal
governments applicable to furnishing the Services;
provided, however where a tax exemption is available, the tax must be subtracted from the total compensation
amount and identified. Unless otherwise stated in this Agreement, the compensation amount shall be considered
to include state and city sales or use taxes.

22. Termination for Default. In addition to any other
remedies or rights it may have by law, the City may
terminate this Agreement with or without cause upon
seven (7) calendar days written notice to Vendor. The
effective date of termination shall be upon the date
specified in the notice of termination. Vendor agrees that in the event of such termination, City’s obligation to pay Vendor shall be limited to payment only for those services satisfactorily rendered prior to the effective date of
termination. Immediately upon receiving written notice of termination, Vendor shall discontinue performing services, preserve the product of the services, and turn over to City the product of the services in acco rdance with written instruction of City.

23. No Waiver. Failure of City to enforce any provision of this Agreement , and/or these Terms and Conditions,
and/or any other accompanying documents, and/or
attachments referenced in herein shall not constitute a waiver or relinquishment by City of the right to such
performance in the futurenor of the right to enforce any other provision of this Agreement.

24. Warranties. Vendor warrants that the services
performed shall conform to the spec ifications, drawings, samples or other description specified by the City and that the services were performed in a diligent, professional and workmanlike manner in accordance with industry
standards. When defective or faulty workmanship is
discovered, Vendor shall provide all labor, materials, parts and equipment to correct such defect or make such
replacement at no expense to the City. These warranties shall not be deemed to exclude Vendor’s standard
warranties or other rights or warranties that City may have or obtain.

25. ADDITIONAL TERMS AND CONDITIONS

APPLICABLE WHEN THE VENDOR IS TO PERFORM

SERVICES/WORK ON CITY-OWNED PREMISES
A. Liens . If, during the work, the Vendor allows any
indebtedness or lien to accrue for labor, equipment, or materials, which may become a claim against the City, the Vendor shall immediately pay such claim or indebtedness or cause such lien to be dissolved and di scharged by
giving a bond and, in case of failure to do so, the City may withhold any money due to Vendor until such claim,
indebtedness or lien is paid or may apply such money
toward the discharge thereof; or the City may, at its option, terminate this Agreement, take possession and control of the work, and complete the same or cause the same to be completed. Vendor shall pay to City the difference between the Agreement price and the actual cost to the City in
completing or causing the work to be completed.

B. Work Performed at Vendor’s Risk. The Vendor shall
perform the work at Vendor’s own risk until the same is fully completed and accepted and shall, in case of any
accident, destruction or injury to the work or items before final completion and acceptanc e, repair or replace the work or items so injured, damaged or destroyed, at
Vendor’s own expense and to the satisfaction of the City.

When others furnish items for installation or erection by the Vendor, the Vendor shall receive, unload, store, and
handle same at site and become responsible therefore, as though such items were being furnished by the Vendor
under this Agreement.

C. Insurance . Vendor shall obtain and maintain at its expense, until completion of performance under this
Agreement and acceptance by City, the following
insurance issued by an admitted insurer authorized to
operate in California:

1. COMMERCIAL GENERAL LIABILITY naming
City, its officials, employees and agents as additional insured’s for injury to or death of persons or damage
to or loss of property arising from or connected to
Vendor's performance hereunder: $2 ,000,000
combined single limit for each occurrence or
$4,000,000 general aggregate.

2. AUTOMOBILE LIABILITY: $1,000,000 combined
single limit per accident for bodily injury and property damage covering owned, non -owned and hired
vehicles.

3. WORKER'S COMPENSATION and EMPLOYER’S
LIABILITY: As required by the State of California.

Each policy must be endorsed to state that coverage
shall not be cancelled by either party or reduced in
coverage except after 30 days prior written notice to
City. Vendor shall furnish to City, before performance
of the work, Certificates of Insurance and original
endorsements with the original signature of one
authorized by the insurer to bind coverage on its
behalf. This insurance shall not be deemed to limit
Vendor's liability hereunder. If authorized by the City, Vendor shall require that its subcontractors comply
with this Section. City reserves the right to require
complete certified copies of policies. If Vendor fails to furnish said insurance, City may terminate the
Agreement.

D. Specifications. Vendor shall comply with the
specifications stated in, incorporated by reference in, or attached to this Agreement.

E. Prevailing Wages. If applicable, pursuant to
provisions of Section 1770, et seq. of the California Labor Code, for all public works contracts, Vendor shall pay its employees the general prevailing rate of wages as
determined by the Director of the Department of Industrial Relations. In add ition, Vendor shall be responsible for 130

City of Lynwood Purchase Order Terms and Conditions
(Procurement of Services)

City of Lynwood Purchase Order Terms and Conditions
compliance with the requirements of Section 1777.5 of the California Labor Code relating to apprentices on public works contracts. A copy of the prevailing wages to be paid by Vendor is on file with the City Clerk.

F. No Subcontractors. Vendor shall perform the work with its own employees under its immediate supervision.

Unless approved by City in advance in writing, Vendor
shall not subcontract any portion of the work.

G. Independent Contractor. Vendor shall be cons idered
an independent contractor and not an agent or an
employee of the City. Vendor shall have no power to incur any debt, obligation, or liability on behalf of City or otherwise to act on behalf of City as an agent. Neither City nor any of its officers, employees or agents shall have control over the conduct of Vendor or any of Vendor’s
employees, except as set forth in this Agreement. Vendor shall not represent that it is, or that any of its agents or employees are, in any manner employees of City. The
Vendor does not qualify for workers’ compensation or
other fringe benefits of any kind. The Vendor is responsible for paying all required state and federal taxes.

H. Non -Discrimination. The Vendor and its agents,
employees or subcontractor(s) shall not d iscriminate
against any person in the performance of this Agreement on the basis of race, religion, national origin, color, age, sex, sexual orientation, AIDS, HIV status, handicap, or disabled, and shall comply with applicable federal and
state equal employment opportunity laws, ordinances,
rules, and regulations.

26. SB 854 (If applicable). Public works reforms (SB 854) were signed into law on June 20, 2014. The reforms made several significant changes to the administration and
enforcement of prevailing wage requirements by the
Department of Industrial Relations (DIR). Among other
things, SB 854 established a public works contractor
registration program to replace prior Compliance
Monitoring Unit (CMU) and Labor Compliance Program
(LCP) requirements for bond -funded and other specified public works projects.

SB 854 (Stat. 2014, chapter 28) made several changes to the laws governing how the Department of Industrial
Relations (DIR) monitors compliance with prevailing wage requirements on public works projects. These new
requirements apply to all public works that are subj ect to the prevailing wage requirements of the Labor Code,
without regard to funding source. The City may only award public works projects to contractors and subcontractors that comply with the new Public Works Contractor
Registration Law (SB 854). Contractors doing public
works must register with DIR and meet the requirements
before bidding on public works contracts in California. • No contractor or subcontractor may be listed on a
bid proposal for a public works project (submitted
on or after March 1, 2015) unless registered with
the Department of Industrial Relations pursuant
to Labor Code section 1725.5 [with limited
exceptions from this requirement for bid purposes
only under Labor Code section 1771.1(a)].
• No contractor or subcontractor may be awarded
a contract for public work on a public works
project (awarded on or after April 1, 2015) unless
registered with the Department of Industrial
Relations pursuant to Labor Code section 1725.5.
• This project is subject to compliance monitoring
and enforcement by the Department of Industrial
Relations.

27. Signatures of Parties. Vendor and City hereby agree to the terms and conditions set forth herein. This
Agreement shall be of no force and effect unless it has been signed by the City's Purchasing Officer or his/her authorized designee (totaling less than $2 5,000.00) or by the Mayor ( totaling in excess of $ 25,000.00). Exception:

If the foregoing Agreement is for services being
provided on a Public Project, the City Manager may
sign any Purchase Order or agreement totaling
$200,000 or less (Resolution No. 2020.016).

By:

__________________________ __________
Oscar Flores, City Mayor Date

Approved as to Form:

__________________________
Noel Tapia, City Attorney

Attest:

__________________________
Maria Quinones, City Clerk

Vendor:

California Paving and Grading Co., Inc.

Legal Name of Vendor

By:
_______________________________________

Title:___________________________________

Date: ____________________________________
131

AGENDA STAFF REPORT

DATE:

September 19, 2023
TO:

Honorable Mayor and Members of the City Council
APPROVED BY:

Ernie Hernandez, City Manager
PREPARED BY:

Julian Lee, Director of Public Works
SUBJECT:

AWARD OF CONTRACT TO DREAMWORK ENGINEERING AND
CONSTRUCTION INC. FOR THE REPLACEMENT OF THE APPARATUS

BAY CONCRETE FLOOR AND GATE AT LOS ANGELES COUNTY FIRE
DEPARTMENT FIRE STATION 147. CIP PROJECT NO. 4011.68.119 Agenda Item # 9.4.

Recommendation:

Staff recommends that the City Council adopt the attached resolution entitled: “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AWARDING A CONTRACT TO DREAMWORK ENGINEERING AND CONSTRUCTION INC. IN THE AMOUNT OF $84,840.00 FOR THE REPLACEMENT OF THE APPARATUS BAY

CONCRETE FLOOR AND GATE AT LOS ANGELES COUNTY FIRE DEPARTMENT FIRE STATION 147; AUTHORIZING THE CITY MANAGER TO APPROVE AGREEMENT

AMENDMENTS RELATED TO THE PROJECT AND AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT.”
Background:

The Los Angeles County Fire Department requested assistance from the City of Lynwood for review of the existing conditions of Fire Station 147. The City consulted with Infrastructure Engineers (IE) to review the existing conditions of Los Angeles County Fire Station 147. IE reviewed both buildings and provided a detailed list of needed repairs and replacements.

Recommended improvements included: replacing apparatus bay concrete floor, installing perimeter fencing and gate, and back yard pavement repair for Fire Station 147.

City Council City Council Regular Meeting 132
On August 21, 2022, the City received three proposals for the improvement work at Los Angeles County Fire Station 147. Seniors and Juniors, Inc. was the lowest responsible bidder for Fire Station 147 at $183,800.00. The award recommendation was scheduled to be awarded to Seniors and Juniors, Inc. at the February 21, 2023, City Council meeting. Upon review of contractor’s proposal, staff acknowledged that Seniors and Juniors Inc. had not registered with the Department of Industrial Relations (DIR) prior to submitting their proposal as required by Law (Per Labor Code, Sec. 1771.1). On March 21, 2023 the City rejected all bids for the improvements at Los Angeles County Fire Station 147. Staff was authorized to reevaluate the scope of work and re-advertise the project at a future date.

On August 7, 2023, staff sent a request for informal proposals to multiple contractors for the Fire Station 147 apparatus bay concrete floor and gate improvements (Project).

Discussion and Analysis:

Pursuant to Section 6-3.7(b)(2) of the Lynwood Municipal Code, purchases between $50,001 and $200,000 shall be by an informal bid process and must be approved by the City Council.

The City conducted an informal request for proposals for the Project. Five (5) contractors were invited to visit Fire Station 147. Two (2) contractors attended the visit at the project site to discuss the scope of work, and proposals were requested from the contractors. On August 28, 2023, the following two (2) proposals were received:

Proposer
Proposal Amount

1. Dreamwork Engineering and Construction Inc.
$84,840.00

2. California Paving and Grading Co., Inc.
$130,000.00

Staff has reviewed the two proposers’ fee schedule, license, and required documents. Upon review, staff determined that Dreamwork Engineering and Construction Inc. showed a better understanding of the City’s request and has a lower fee schedule. Staff recommends the City Council award the contract to Dreamwork Engineering and Construction Inc. in the amount of $84,840.00

Project Budget

The table below is the proposed revised construction budget.

City Council City Council Regular Meeting 133
Fire Station 147 Bid Dreamwork Engineering Quote.pdf
09-19-23 Fire Station 147 Apparatus Bay
Gate Award (Resolution) - PWD
Submitted.docx
Fire Station 147 Apparatus Bay and Gate PO_-AGREEMENT_Services-9-14-23_PW.pdf

Construction Contract Amount
$84,840.00
15% Contingency
$12,726.00
Construction Inspection (10%)
$8,484.00
Project Management (10%)
$8,484.00
Labor Compliance & Other Cost (10%)
$8,466.00
Total Estimated Construction Cost
$123,000.00
Fiscal Impact:

The Project has an approved FY24 Budget of $253,000.00 from ARPA funds. The total construction cost for the
replacement of the apparatus bay concrete floor and gate at Fire Station 147 is estimated at $123,000. Additionally, the total construction cost for the back parking lot pavement improvement is estimated at $78,000. The total construction cost for both improvements at Fire Station 147 is estimated at $201,000. Therefore, no additional appropriation is needed to deliver this project.

Coordinated With:

City Manager’s Office
Department of Finance and Administration Services
ATTACHMENTS:

Description
City Council City Council Regular Meeting 134

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Lynwood City CouncilSeptember 19, 2023

Lynwood City Council
September 19, 2023