Agenda packet, second session — Malibu City Council, December 11, 2023 (part 1 of 4)

PLEASE DOWNLOAD THE AGENDA DOCUMENT FOR
INSTRUCTIONS ON HOW TO PARTICIPATE IN THE MEETING.

Meeting Agenda
CC231211_AGENDA_AMENDED.PDF
Item 3B2
Approve Warrants
CC231211_ITEM 3B2.PDF
Item 3B3
Approval of Minutes
CC231211_ITEM 3B3.PDF
Item 3B4
Investment Report for the Month Ending October 31, 2023 CC231211_ITEM 3B4.PDF
Item 4A
An amendment to Title 17 (Zoning) of the Malibu Municipal Code (MMC) and the Local Coastal Program to Update Regulations Related to Accessory Dwelling Units (Continued from November 27, 2023)
CC231211_ITEM 4A.PDF
Item 4B
Code Amendment to Extend Deadlines for Nonconforming In-kind Disaster Rebuild Projects
CC231211_ITEM 4B.PDF
Item 4C
An Amendment to Title 17 (Zoning) of the Malibu Municipal Code to Update Regulations Related to Temporary Use Permits

1. Documents:

2. Documents:

3. Documents:

4. Documents:

5. Documents:

6. Documents:

7. CC231211_ITEM 4B.PDF
Item 4C
An Amendment to Title 17 (Zoning) of the Malibu Municipal Code to Update Regulations Related to Temporary Use Permits
CC231211_ITEM 4C.PDF
Item 6A
Strategic Plan Project Update
CC231211_ITEM 6A.PDF
Item 6B
Reorganization of City Council Agenda Format for Regular City Council Meetings CC231211_ITEM 6B.PDF
Item 6C
Road Race Agreement
CC231211_ITEM 6C.PDF

7. Documents:

8. Documents:

9. Documents:

10. Documents:

HOW TO VIEW THE MEETING: The meeting will be live streamed at www.malibucity.org/video and via Zoom Webinar.

HOW TO PARTICIPATE BEFORE THE MEETING: Members of the public are encouraged to submit email correspondence to [email protected] before the meeting begins.

HOW TO PARTICIPATE IN-PERSON DURING THE MEETING: Members of the public may speak during the meeting in-person or through the Zoom application. In order to participate in-person, each speaker must complete and submit to the Recording Secretary a Request to Speak form. In-person participants may also surrender their opportunity to speak on a particular item to defer one minute to another in-person speaker.

HOW TO PARTICIPATE REMOTELY DURING THE MEETING: Members of the public may speak during the meeting in-person or through the Zoom application. In order to participate remotely, you must be present in the Zoom Webinar during the item that you would like to speak on and use the Raise Hand feature to request to speak when the Mayor calls the item. When you join the Zoom Webinar you may see a pop-up asking you to enter an email address, but a valid email address is not required. Be advised that those participating via Zoom do so at their own risk; remote participants should not expect the meeting to be cancelled or continued due the inability of some members of the public to access the remote meeting.

Amended1 Malibu City Council
Regular Meeting Agenda
Monday, December 11, 2023
5:30 P.M. - CLOSED SESSION
City Hall – Council Chambers (call to order)
Westward Room (closed session)
23825 Stuart Ranch Road
6:30 P.M. – CITY COUNCIL REGULAR MEETING
City Hall – Council Chambers
23825 Stuart Ranch Road
Zoom Webinar Link:
https://us02web.zoom.us/j/84396828195
Five-thirty p.m. Convene for Purpose of Closed Session
Call to Order – Mayor (Council Chambers)
Public Comment on Closed Session Items
1 See the modification to Closed Session
AMENDED City Council Regular Meeting Agenda Page - 2 - December 11, 2023 Recess to Closed Session (to be held in the Westward Room) This time has been set aside for the City Council to meet in a closed session to discuss matters pursuant to Government Code Section 54956.8 and 54956.9. The City Attorney will give an additional oral report regarding the Closed Session at the beginning of the next regular City Council meeting. At the conclusion of the Closed Session, the Council may continue any item listed on the Closed Session agenda to the Open Session agenda for discussion or to take formal action as it may deem appropriate.

Conference with Real Property Negotiators Pursuant to Government Code Section 54956.8

1. Properties: APN 4453-005-013
APN 4453-005-018
APN 4453-005-111
APN 4453-005-114
APN 4453-005-117
APN 4453-005-118
APN 4459-004-001
APN 4459-004-004
APN 4459-005-003
APN 4459-005-013
APN 4459-005-001
Agency Negotiators: Councilmember Marianne Riggins and Mayor Pro Tem Doug Stewart Negotiating Parties: EQ Property Holdings LLLP
Under Negotiation: Price and terms of payment
Conference with Legal Counsel – Anticipated Litigation

1. Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Government Code section 54956.9
Number of potential cases: (1)
Six-thirty p.m. Regular Session
Call to Order - Mayor
Roll Call - Recording Secretary
Pledge of Allegiance
Closed Session Report
Report on Posting of Agenda – December 1, 2023; Amended Agenda posted December 8, 2023 Approval of Agenda

1. Ceremonial/Presentations
A. Proclamation Declaring December 13, 2023 Dick Van Dyke Day B. Presentation of City Tile to Jeff Jennings for his service on the Planning Commission AMENDED City Council Regular Meeting Agenda Page - 3 - December 11, 2023

4. Ordinances and Public Hearings
A. An amendment to Title 17 (Zoning) of the Malibu Municipal Code (MMC) and the Local Coastal Program to Update Regulations Related to Accessory Dwelling Units (Continued from November 27, 2023)
Recommended Action: 1) Adopt Resolution No. 23-43 approving LCP Amendment (LCPA) No. 18-002, amendments to Chapter 3 (Marine and Land Resources) and Chapter 5 (New Development) of the Local Coastal Program (LCP) Land Use Plan pertaining to accessory dwelling units (ADU), and finding the amendments exempt from the California Environmental Quality Act (CEQA); 2) After the City Attorney reads the title of the ordinance, introduce on first reading Ordinance No. 510, approving LCPA No. 18-002, an amendment to the LCP to update ADU regulations, and Zoning Text Amendment (ZTA) No. 18-004, an amendment to Title 17 (Zoning) of the Malibu Municipal Code (MMC) related to definitions, guest homes and changing the term second units to accessory dwelling units (ADUs), and finding the amendments exempt from CEQA; 3) After the City Attorney reads the title of the ordinance, introduce on first reading Ordinance No. 511, approving ZTA No. 18-004 an amendment to Title 17 (Zoning) of the MMC to update ADU regulations and finding the amendments exempt from CEQA; 4) Direct staff to schedule second reading and adoption of Ordinance No. 510 and Ordinance No. 511 for the January 8, 2023 City Council Regular meeting.

Staff Contact: Planning Director Mollica, 456-2489, ext. 346

2. Written and Oral Communications from the Public
A. Communications from the Public concerning matters which are not on the agenda but for which the City Council has subject matter jurisdiction. City Council may not act on these matters except to refer the matters to staff or schedule the matters for a future agenda.

B. Commission / Committee / City Manager Updates
C. City Council Subcommittee reports / Mayor and Councilmember meeting attendance, reports and inquiries

3. Consent Calendar

A. Previously Discussed Items
None.

B. New Items

1. Waive Further Reading
Recommended Action: After the City Attorney has read the title, waive full reading of ordinances considered on this agenda for introduction on first reading and/or second reading and adoption.

Staff Contact: Interim City Attorney Rusin, 456-2489, ext. 228 AMENDED City Council Regular Meeting Agenda Page - 4 - December 11, 2023

2. Approve Warrants
Recommended Action: Allow and approve warrant demand numbers 70944-70990 on the register from the General Fund and direct the City Manager to pay out the funds to each of the claimants listed in Warrant Register No. 737 in the amount of the warrant appearing opposite their names, for the purposes stated on the respective demands in a total amount of $333,863.08. City of Malibu payroll check number 5392-5393 and ACH deposits were issued in the amount of $583,397.20.

Staff Contact: Assistant City Manager Toney, 456-2489, ext. 224

3. Approval of Minutes
Recommended Action: Approve the minutes for the April 24, 2023 Malibu City Council Regular meeting, April 26, 2023 Malibu City Council Special meeting, and May 8, 2023 Malibu City Council Regular meeting.

Staff Contact: City Clerk Pettijohn, 456-2489, ext. 228

4. Investment Report for the Month Ending October 31, 2023 Recommended Action: Receive the Investment Report for the month ending October 31, 2023.

Staff Contact: Assistant City Manager Toney, 456-2489, ext. 224

4. Ordinances and Public Hearings (Continued)
B. Code Amendment to Extend Deadlines for Nonconforming In-kind Disaster Rebuild Projects Recommended Action: 1) Adopt Ordinance No. 513 adopting Zoning Text Amendment (ZTA) No. 23-003 to amend Malibu Municipal Code (MMC) Section 17.60.020(C) to add three years to the deadline to initiate the planning application process and obtain building permits to rebuild a nonconforming structure that was damaged or destroyed in the Woolsey Fire and finding the action exempt for from the California Environmental Quality Act (CEQA); and 2) Direct staff to schedule a public hearing, second reading of the ordinance, and adoption Ordinance No. 513 on the January 8, 2024 Regular City Council meeting.

Staff Contact: Planning Director Mollica, 456-2489, ext. 346 C. An Amendment to Title 17 (Zoning) of the Malibu Municipal Code to Update Regulations Related to Temporary Use Permits
Recommended Action: Continue the item to the January 8, 2024 Regular City Council Meeting.

Staff Contact: Planning Director Mollica, 456-2489, ext. 346

5. Old Business
None.

AMENDED City Council Regular Meeting Agenda Page - 5 - December 11, 2023

6. New Business
A. Strategic Plan Project Update
Recommended Action: Receive and file a progress report on the Strategic Plan Projects.

Staff Contact: Deputy City Manager Brown, 456-2489, ext. 300 B. Reorganization of City Council Agenda Format for Regular City Council Meetings Recommended Action: Adopt Resolution No. 23-53 superseding and replacing Resolution No. 99- 007 and Section 1 (VI)(A) of Resolution No. 98-083 to establish the start time and format for Regular City Council Meetings.

Staff Contact: Deputy City Manager Brown, 456-2489, ext. 300 C. Road Race Agreement
Recommended Action: At the recommendation of the Road Race Ad Hoc Committee, approve the Agreements with Malibu Race Series LLC and Zuma Foundation Inc. for the two allowable Road Race Temporary Use Permits.

Staff Contact: Community Services Director Riesgo, ext. 350

7. Council Items
None.

Adjournment
Future Meetings
Monday, January 8, 2024 6:30 p.m. Regular City Council Meeting City Hall Council Chambers Monday, January 22, 2024 6:30 p.m. Regular City Council Meeting City Hall Council Chambers Monday, February 12, 2024 6:30 p.m. Regular City Council Meeting City Hall Council Chambers Guide to the City Council Proceedings
The Oral Communication portion of the agenda is for members of the public to present items, which are not listed on the agenda but are under the subject matter jurisdiction of the City Council. No action may be taken under, except to direct staff, unless the Council, by a two-thirds vote, determines that there is a need to take immediate action and that need came to the attention of the City after the posting of the agenda. Although no action may be taken, the Council and staff will follow up, at an appropriate time, on those items needing response. Each speaker is limited to three (3) minutes.

Members of the public may speak during the meeting in-person or through the Zoom application. In order to participate remotely, you must be present in the Zoom Webinar during the item that you would like to speak on and use the Raise Hand feature to request to speak when the Mayor calls the item. In order to participate in-person, each speaker must complete and submit to the Recording Secretary a Request to Speak form prior to the beginning of the item being announced by the Mayor. In person participants may surrender their time by deferring one (1) minute to another speaker, not to exceed a total of eight (8) minutes. The speaker wishing to defer time must be present when the item is heard and their form must be submitted with the speaker form for the individual they are deferring time to. Speakers are taken in the order slips are submitted or hands are raised.

AMENDED City Council Regular Meeting Agenda Page - 6 - December 11, 2023 Items in Consent Calendar Section A have already been considered by the Council at a previous meeting where the public was invited to comment, after which a decision was made. These items are not subject to public discussion at this meeting because the vote taken at the previous meeting was final. Resolutions concerning decisions made at previous meetings are for the purpose of memorializing the decision to assure the accuracy of the findings, the prior vote, and any conditions imposed.

Items in Consent Calendar Section B have not been discussed previously by the Council. If discussion is desired, an item may be removed from the Consent Calendar for individual consideration. Councilmembers may indicate a negative or abstaining vote on any individual item by so declaring prior to the vote on the motion to adopt the entire Consent Calendar. Items excluded from the Consent Calendar will be taken up by the Council following the action on the Consent Calendar. The Council first will take up the items for which public speaker requests have been submitted.

Public speakers shall follow the rules as set forth under Oral Communication For Public Hearings involving zoning matters the appellant and applicant will be given 15 minutes each to present their position to the City Council, including rebuttal time. All other testimony shall follow the rules as set forth under Oral Communication.

Old Business items have appeared on previous agendas but have either been continued or tabled to this meeting with no final action having been taken. Public comment shall follow the rules as set forth under Oral Communication.

Items in New Business are items, which are appearing for the first time for formal action. Public comment shall follow the rules as set forth under Oral Communication.

City Council Items are items, which individual members of the City Council may bring up for action, to propose future agenda items or to suggest future staff assignments.

No new items will be taken-up after 10:30 p.m. without a two-thirds vote of the City Council.

City Council meetings are aired live and replayed on City of Malibu Government Access Channel 3 and are available on demand on the City’s website at www.malibucity.org/video. Copies of the staff reports or other written documentation relating to each item of business described above are on file in the office of the City Clerk, Malibu City Hall, 23825 Stuart Ranch Road, Malibu, California, and are available for public inspection during regular office hours, which are 7:30 a.m. to 5:30 p.m. Monday through Thursday and 7:30 a.m. to 4:30 p.m. Friday. Written materials distributed to the City Council within 72 hours of the City Council meeting are available for public inspection immediately upon distribution in the City Clerk's office at 23825 Stuart Ranch Road, Malibu, California (Government Code Section 54957.5.b.2). Copies of staff reports and written materials may be purchased for $0.10 per page.

The City Hall phone number is (310) 456-2489. To contact City Hall using a telecommunication device for the deaf (TDD), please call (800) 735-2929 and a California Relay Service operator will assist you. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact Environmental Sustainability Director Yolanda Bundy, (310) 456-2489, ext. 229. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting. [28 CFR 35.102-35.104 ADD Title II].

Requests to show an audio or video presentation during a Council meeting should be directed to the Media Team at [email protected]. Material must be submitted by 12:00 p.m. on the meeting day.

I hereby certify under penalty of perjury, under the laws of the State of California that the foregoing agenda was posted in accordance with the applicable legal requirements. Regular and Adjourned Regular meeting agendas may be amended up to 72 hours in advance of the meeting. Dated this 8th day of December 2023 at 3:00 p.m.

Kelsey Pettijohn, City Clerk
WARRANT REGISTER NO. 737
On December 11, 2023, the Malibu City Council allowed and approved warrant demand numbers 70944-70990 from the General Fund. The City Manager is hereby directed to pay out the funds named hereon to each of the claimants listed, the amount appearing opposite their name for the purpose stated on the respective demands, making a total of $333,863.08. City of Malibu payroll check numbers 5392-5393 and ACH deposits were issued in the amount of $583,397.20.

PASSED, APPROVED and ADOPTED this 11th day of December 2023. ____________________________________________
Steve Uhring
Mayor
ATTEST:
____________________________________________
Kelsey Pettijohn
City Clerk

CERTIFICATE
In accordance with Government Code Sections 37202 and Malibu Municipal Code 3.08.050, I hereby certify that: (1) the claims or demands set forth in the warrant register(s) listed below and attached hereto and incorporated herein by this reference in the aggregate amount of $917,260.28 have been audited as to their accuracy; and (2) sufficient funds have been appropriated by the City Council and are available for the payment thereof.

EXECUTED this 30th, day of November 2023, AT MALIBU, CALIFORNIA ______________________________________________
Steve McClary
City Manager
City Council Meeting
12-11-23
Item

3.B.2.

DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Accounts Payable
User:

Printed:
sflores
11/30/2023 8:57 AM
Checks by Date - Summary by Check Number
Check No Vendor No Vendor Name Check Date Void Checks Check Amount 70944 4LEAF 4LEAF, Inc 11/22/2023 0.00 24,069.84
70945 ADLEB Barbara Adler 11/22/2023 0.00 240.00
70946 ASPENHOP Aspen Hope Ranch 11/22/2023 0.00 1,756.10 70947 AZURCAP Azur CART & Captioning 11/22/2023 0.00 2,920.50 70948 BOBHALL Robert Hall 11/22/2023 0.00 6,500.00
70949 BURNS Burns Pacific Construction Inc 11/22/2023 0.00 638.26 70950 CCMF2 CA City Management Foundation 11/22/2023 0.00 400.00 70951 CONEJOA Conejo Awards 11/22/2023 0.00 80.90
70952 COTTON Cotton,Shires & Associates,Inc 11/22/2023 0.00 128,729.24 70953 CRPRINT CR PRINT 11/22/2023 0.00 2,643.11
70954 FETTINGE Richard Fettinger 11/22/2023 0.00 1,170.00 70955 FRONTIER Frontier California Inc 11/22/2023 0.00 3,323.29 70956 GIINDUS G.I. Industries 11/22/2023 0.00 4,117.44
70957 GOVCONN GovConnection Inc 11/22/2023 0.00 1,433.80 70958 HARTSEL Bob Harts Electric, Inc. 11/22/2023 0.00 7,588.05 70959 ICMAASS ICMA Membership Renewals 11/22/2023 0.00 1,200.00 70960 JLEEENG JLee Engineering, Inc. 11/22/2023 0.00 14,280.00 70961 KIMLEY Kimley-Horn and Associates Inc 11/22/2023 0.00 2,775.00 70962 LACOCLE LA County Registrar-Recorder LA Co Clerk 11/22/2023 0.00 75.00 70963 LACOCLE LA County Registrar-Recorder LA Co Clerk 11/22/2023 0.00 75.00 70964 LACOCLE LA County Registrar-Recorder LA Co Clerk 11/22/2023 0.00 75.00 70965 LACOCLE LA County Registrar-Recorder LA Co Clerk 11/22/2023 0.00 75.00 70966 LACOCLE LA County Registrar-Recorder LA Co Clerk 11/22/2023 0.00 75.00 70967 LACOCLE LA County Registrar-Recorder LA Co Clerk 11/22/2023 0.00 75.00 70968 LACOWAT LA Co MalibuTreasurer-Waterworks 11/22/2023 0.00 13,568.12 70969 MAINSTRE Athaco Inc. 11/22/2023 0.00 296.73
70970 MANIMBI Mani MBI (DE) LLC 11/22/2023 0.00 101.74
70971 MISTROB Wink Roberts 11/22/2023 0.00 1,669.55
70972 NEWBURY Newbury Park Tree Service Inc 11/22/2023 0.00 4,530.00 70973 PARSARS Public Agency Retirement Srvcs 11/22/2023 0.00 300.00 70974 PROPET ProPet Distributors, Inc. 11/22/2023 0.00 2,230.50 70975 REMOTESA Remote Satellite Systems Int'l 11/22/2023 0.00 255.80 70976 TONJOE Joseph Toney 11/22/2023 0.00 2,361.18
70977 TOTALGRA Brian Shore 11/22/2023 0.00 704.09
70978 TRAIGOAT Train Goat Gainz LLC 11/22/2023 0.00 500.00 70979 TRUNORTH True North Compliance Services, Inc. 11/22/2023 0.00 63,153.25 70980 XEROXFIN Xerox Corporation 11/22/2023 0.00 1,206.70 70981 AETNA Health and Human Resource Center Inc 11/28/2023 0.00 119.54 70982 BlueShie Blue Shield of California 11/28/2023 0.00 1,524.55 70983 CASTDIS California State Disbursement Unit 11/28/2023 0.00 339.69 70984 DELTADE Delta Dental of California 11/28/2023 0.00 8,733.04 70985 ICMA457 ICMA-MissionSquare Retirement - 303615 11/28/2023 0.00 16,485.01 70986 ICMACM ICMA-MissionSquare Retirement - 108658 11/28/2023 0.00 600.00 70987 ICMADH ICMA-MissionSquare Retirement - 108650 11/28/2023 0.00 1,000.00 70988 STANDARD Standard Insurance Company N2 11/28/2023 0.00 8,438.47 70989 STANDARD Standard Insurance Company N2 11/28/2023 0.00 283.08 70990 USBANK2 U.S. Bank 11/28/2023 0.00 1,146.51
AP Checks by Date - Summary by Check Number (11/30/2023 8:57 AM) Page 1 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Check No Vendor No Vendor Name Check Date Void Checks Check Amount Report Total (47 checks): 0.00 333,863.08
AP Checks by Date - Summary by Check Number (11/30/2023 8:57 AM) Page 2 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 User:

Printed: 11/30/2023 - 8:57AM
sflores
Transactions by Account
Batch: 00000.00.0000
Accounts Payable
Checks from: 00070944 To: 00070990
Account Number Description Vendor Description Check No Amount Section 1: 100
Section 2:0000
100-0000-2021-00 COBRA Payable Blue Shield of California PR 22.11.2023 Vision Care-Cobra-Montano-Oct/Nov'23 70982 -18.90 100-0000-2021-00 COBRA Payable Blue Shield of California PR 22.11.2023 Vision Care-Cobra-Fiori-Dec'23 70982 27.83 100-0000-2021-00 COBRA Payable Blue Shield of California PR 22.11.2023 Vision Care-Cobra-Meyers-Dec'23 70982 9.45 100-0000-2021-00 COBRA Payable Blue Shield of California PR 22.11.2023 Vision Care-Cobra-Linden-Dec'23 70982 9.45 100-0000-2021-00 COBRA Payable Blue Shield of California PR 22.11.2023 Vision Care-Cobra-Gallagher-Dec'23 70982 9.45 100-0000-2021-00 COBRA Payable Blue Shield of California PR 22.11.2023 Vision Care-Cobra-Rosas-Dec'23 70982 17.28 100-0000-2021-00 COBRA Payable Blue Shield of California PR 22.11.2023 Vision Care-Cobra-Woodrow-Dec'23 70982 16.88 Vendor Subtotal for Section 2:0000 71.44
Section 2:0000
100-0000-2021-00 COBRA Payable Delta Dental of California PR 22.11.2023 Dental Insurance-Cobra-Gallagher-Dec'23 70984 50.06 100-0000-2021-00 COBRA Payable Delta Dental of California PR 22.11.2023 Dental Insurance-Cobra-Rosas-Dec'23 70984 107.11 100-0000-2021-00 COBRA Payable Delta Dental of California PR 22.11.2023 Dental Insurance-Cobra-Montano-Oct/Nov'23 70984 -100.12 100-0000-2021-00 COBRA Payable Delta Dental of California PR 22.11.2023 Dental Insurance-Cobra-Meyers-Dec'23 70984 50.06 100-0000-2021-00 COBRA Payable Delta Dental of California PR 22.11.2023 Dental Insurance-Cobra-Feldman-Dec'23 70984 50.06 100-0000-2021-00 COBRA Payable Delta Dental of California PR 22.11.2023 Dental Insurance-Cobra-Linden-Dec'23 70984 50.06 100-0000-2021-00 COBRA Payable Delta Dental of California PR 22.11.2023 Dental Insurance-Cobra-Woodrow-Dec'23 70984 50.06 100-0000-2021-00 COBRA Payable Delta Dental of California PR 22.11.2023 Dental Insurance-Cobra-Fiori-Dec'23 70984 157.75 Vendor Subtotal for Section 2:0000 415.04
Section 2:0000
100-0000-3466-00 Swim Use & Program Fee Barbara Adler Reissue Ck#63548 Ref- Malibu Seawolves Summer 2021 70945 240.00 Vendor Subtotal for Section 2:0000 240.00
Section 2:3001
AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 1 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount 100-3001-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 37.53 Vendor Subtotal for Section 2:3001 37.53
Section 2:3001
100-3001-5725-00 Trash Pickup/Recycling G.I. Industries Garbage - Bus Stop/Cross Creek - Nov '23 70956 2,521.31 Vendor Subtotal for Section 2:3001 2,521.31
Section 2:3007
100-3007-5721-00 Telephone Frontier California Inc Phone - Civic Center STF - Nov '23 70955 158.76 Vendor Subtotal for Section 2:3007 158.76
Section 2:3008
100-3008-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 54.31 Vendor Subtotal for Section 2:3008 54.31
Section 2:4001
100-4001-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 50.02 Vendor Subtotal for Section 2:4001 50.02
Section 2:4001
100-4001-5721-00 Telephone Frontier California Inc Bluffs Park - Phone/Internet - Nov '23 70955 319.59 100-4001-5721-00 Telephone Frontier California Inc Phone - Charmlee Park - Nov '23 70955 63.83 Vendor Subtotal for Section 2:4001 383.42
Section 2:4001
100-4001-6160-00 Operating Supplies Conejo Awards General Rec Name Badges 70951 80.90 Vendor Subtotal for Section 2:4001 80.90
AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 2 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Section 2:4002
100-4002-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 14.41 Vendor Subtotal for Section 2:4002 14.41
Section 2:4008
100-4008-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 5.44 Vendor Subtotal for Section 2:4008 5.44
Section 2:4010
100-4010-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 12.69 Vendor Subtotal for Section 2:4010 12.69
Section 2:4010
100-4010-5130-00 Parks Maintenance Athaco Inc. Trancas Park - Signage/Freight 70969 191.78 Vendor Subtotal for Section 2:4010 191.78
Section 2:4010
100-4010-5721-00 Telephone Frontier California Inc Phone - Las Flores, Bluffs, Trancas - Nov '23 70955 535.92 100-4010-5721-00 Telephone Frontier California Inc Phone - 23641 PCH (median) - Nov '23 70955 60.78 Vendor Subtotal for Section 2:4010 596.70
Section 2:4010
100-4010-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - PCH Median 9/6 - 11/7/23 Acct#29152979 70968 301.12 100-4010-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - Cross Creek 9/6 - 11/7/23 Acct#29649953 70968 1,485.08 Vendor Subtotal for Section 2:4010 1,786.20
Section 2:4010
100-4010-5725-00 Trash Pickup/Recycling G.I. Industries Garbage - Bluffs/Equestrian - Nov '23 70956 696.20 100-4010-5725-00 Trash Pickup/Recycling G.I. Industries Garbage - Charmlee Park - Nov '23 70956 249.70 AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 3 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:4010 945.90
Section 2:4010
100-4010-6160-00 Operating Supplies ProPet Distributors, Inc. Trancas Park - Litter Bags 70974 371.76 100-4010-6160-00 Operating Supplies ProPet Distributors, Inc. Las Flores Park - Litter Bags 70974 371.76 100-4010-6160-00 Operating Supplies ProPet Distributors, Inc. Bluffs Park - Litter Bags 70974 557.64 100-4010-6160-00 Operating Supplies ProPet Distributors, Inc. Charmlee Park - Litter Bags 70974 185.85 100-4010-6160-00 Operating Supplies ProPet Distributors, Inc. Equestrian Park - Litter Bags 70974 185.85 Vendor Subtotal for Section 2:4010 1,672.86
Section 2:4011
100-4011-5107-00 Contract Personnel Train Goat Gainz LLC Breakfast w/ Santa Activities 12/16/23 70978 500.00 Vendor Subtotal for Section 2:4011 500.00
Section 2:4012
100-4012-5107-00 Contract Personnel Burns Pacific Construction Inc Legacy Park - Poetry Stone Installation - Oct '23 70949 638.26 Vendor Subtotal for Section 2:4012 638.26
Section 2:4012
100-4012-6160-00 Operating Supplies Brian Shore Banner/Poster - D. Van Dyke & M. Halderman 70977 213.53 Vendor Subtotal for Section 2:4012 213.53
Section 2:7002
100-7002-4203-00 Vision Insurance Blue Shield of California PR 22.11.2023 Vision Care-Montano-Sep'23 70982 -9.45 Vendor Subtotal for Section 2:7002 -9.45
Section 2:7002
100-7002-4204-00 Dental Insurance Delta Dental of California PR 22.11.2023 Dental Insurance-Montano-Sep'23 70984 -50.06 AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 4 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:7002 -50.06
Section 2:7002
100-7002-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 16.37 Vendor Subtotal for Section 2:7002 16.37
Section 2:7002
100-7002-5100-00 Professional Services Azur CART & Captioning Remote Closed Captioning Svcs - Aug '23 70947 1,237.50 100-7002-5100-00 Professional Services Azur CART & Captioning Remote Closed Captioning Svcs - Oct '23 70947 1,683.00 Vendor Subtotal for Section 2:7002 2,920.50
Section 2:7003
100-7003-4203-00 Vision Insurance Blue Shield of California PR 22.11.2023 Vision Care-Alba-Nov'23 70982 9.45 Vendor Subtotal for Section 2:7003 9.45
Section 2:7003
100-7003-4204-00 Dental Insurance Delta Dental of California PR 22.11.2023 Dental Insurance-Alba-Nov'23 70984 50.06 Vendor Subtotal for Section 2:7003 50.06
Section 2:7003
100-7003-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 46.81 Vendor Subtotal for Section 2:7003 46.81
Section 2:7003
100-7003-5330-00 Dues & Memberships CA City Management Foundation FY 23/24 CCMF Dues - S. McClary 70950 400.00 Vendor Subtotal for Section 2:7003 400.00
Section 2:7003
100-7003-5330-00 Dues & Memberships ICMA Membership Renewals ICMA Membership Renewal 2024 S. McClary 70959 1,200.00 AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 5 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:7003 1,200.00
Section 2:7007
100-7007-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 19.98 Vendor Subtotal for Section 2:7007 19.98
Section 2:7021
100-7021-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 21.99 Vendor Subtotal for Section 2:7021 21.99
Section 2:7021
100-7021-5721-00 Telephone Frontier California Inc Phone - Disaster Hotline, Tier, E911 - Nov '23 70955 324.93 Vendor Subtotal for Section 2:7021 324.93
Section 2:7021
100-7021-5721-00 Telephone Remote Satellite Systems Int'l Satellite Phones - Dec '23 70975 255.80 Vendor Subtotal for Section 2:7021 255.80
Section 2:7021
100-7021-6160-00 Operating Supplies Brian Shore Banners/Posters - Public Saftey 70977 304.41 Vendor Subtotal for Section 2:7021 304.41
Section 2:7054
100-7054-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 41.57 Vendor Subtotal for Section 2:7054 41.57
Section 2:7054
100-7054-5117-00 Film Permit Consultant Frontier California Inc Phone - Film Fax - Nov '23 70955 34.26 AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 6 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:7054 34.26
Section 2:7054
100-7054-5300-00 Travel and Training Joseph Toney Reimb- MMASC 2023 Annual Conference 11/1 - 11/3/23 70976 667.64 100-7054-5300-00 Travel and Training Joseph Toney Reimb- ICMA 2023 Annual Conference 9/28 - 10/4/23 70976 1,693.54 Vendor Subtotal for Section 2:7054 2,361.18
Section 2:7058
100-7058-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 6.45 Vendor Subtotal for Section 2:7058 6.45
Section 2:7058
100-7058-5320-00 Recruitment Expense Robert Hall HR Recruitment Svcs - Milestone #2 70948 6,500.00 Vendor Subtotal for Section 2:7058 6,500.00
Section 2:7059
100-7059-4205-00 Life Insurance Standard Insurance Company N2 PR 22.11.2023 Life Insurance-Rounding 70988 -0.07 Vendor Subtotal for Section 2:7059 -0.07
Section 2:7059
100-7059-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 6.19 100-7059-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD-Rounding 70988 0.03 Vendor Subtotal for Section 2:7059 6.22
Section 2:7059
100-7059-5210-00 Service Fees & Charges Public Agency Retirement Srvcs PARS Admin Fee - Sep '23 70973 300.00 Vendor Subtotal for Section 2:7059 300.00
AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 7 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Section 2:7059
100-7059-5721-00 Telephone Frontier California Inc Phone - Annex Fax Ln - Nov '23 70955 60.78 100-7059-5721-00 Telephone Frontier California Inc Phone - City Hall Fac, Cable, Teleconference - Nov '23 70955 498.05 Vendor Subtotal for Section 2:7059 558.83
Section 2:7059
100-7059-5800-00 Equipment Leases Xerox Corporation Xerox Lease - C8155 10/22 - 11/21/23 70980 519.20 100-7059-5800-00 Equipment Leases Xerox Corporation Xerox Lease - B8170 10/22 - 11/21/23 70980 687.50 Vendor Subtotal for Section 2:7059 1,206.70
Subtotal for Section 1: 100 27,116.43
Section 1: 101
Section 2:0000
101-0000-3203-00 Building Permits Aspen Hope Ranch Ref- Bldg Permit, 29685 Cuthbert Rd 70946 755.95 Vendor Subtotal for Section 2:0000 755.95
Section 2:0000
101-0000-3205-00 Plumbing Permits Aspen Hope Ranch Ref- Plumbing Permit, 29685 Cuthbert Rd 70946 322.50 Vendor Subtotal for Section 2:0000 322.50
Section 2:0000
101-0000-3207-00 Mechanical Permits Aspen Hope Ranch Ref- Mechanical Permit, 29685 Cuthbert Rd 70946 86.00 Vendor Subtotal for Section 2:0000 86.00
Section 2:0000
101-0000-3208-00 Electrical Permit Fees Aspen Hope Ranch Ref- Electrical Permit, 29685 Cuthbert Rd 70946 139.75 Vendor Subtotal for Section 2:0000 139.75
AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 8 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Section 2:0000
101-0000-3409-00 Document Retention Fee Aspen Hope Ranch Ref- Doc Retention, 29685 Cuthbert Rd 70946 40.00 Vendor Subtotal for Section 2:0000 40.00
Section 2:0000
101-0000-3419-00 Credit Card Fees Aspen Hope Ranch Ref- Credit Card Fees, 29685 Cuthbert Rd 70946 50.95 Vendor Subtotal for Section 2:0000 50.95
Section 2:0000
101-0000-3425-00 CA Bldg Standards Surcharge Aspen Hope Ranch Ref- CA Bldg Standards, 29685 Cuthbert Rd 70946 1.00 Vendor Subtotal for Section 2:0000 1.00
Section 2:0000
101-0000-3427-00 Technology Enhancement Fee Aspen Hope Ranch Ref- Technology Fees, 29685 Cuthbert Rd 70946 91.20 Vendor Subtotal for Section 2:0000 91.20
Section 2:0000
101-0000-3435-00 Admin Permit Processing Fee Aspen Hope Ranch Ref- Admin Permit Processing, 29685 Cuthbert Rd 70946 268.75 Vendor Subtotal for Section 2:0000 268.75
Section 2:2001
101-2001-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 114.23 Vendor Subtotal for Section 2:2001 114.23
Section 2:2001
101-2001-5100-00 Professional Services Cotton,Shires & Associates,Inc Planning Svcs - Oct '23 70952 4,116.25 Vendor Subtotal for Section 2:2001 4,116.25
AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 9 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Section 2:2001
101-2001-5100-00 Professional Services JLee Engineering, Inc. Contract Planner - 10/11 - 10/31/23 70960 10,200.00 101-2001-5100-00 Professional Services JLee Engineering, Inc. Contract Planner - 10/1 - 10/10/23 70960 4,080.00 Vendor Subtotal for Section 2:2001 14,280.00
Section 2:2001
101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 31205 Bailard Rd - APRWF 21-030 70962 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 31762 Cottontail Ln - APR 22-067 70963 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 32933 Calle De La Burrita - DMW 22-005 70964 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 5730 Busch Dr - APRWF 21-046 70965 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 6437 Meadows Ct - ACDP 21-042 70966 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 6611 Wildlife Rd - ACDPWF 22-008 70967 75.00 Vendor Subtotal for Section 2:2001 450.00
Section 2:2001
101-2001-5401-00 Advertising & Noticing CR PRINT Public Notice Postcard Mailings - 31535.5 PCH 70953 155.04 101-2001-5401-00 Advertising & Noticing CR PRINT Public Notice Postcard Mailings 70953 341.26 101-2001-5401-00 Advertising & Noticing CR PRINT Public Notice Postcard Mailings - 23916 Malibu Knolls Rd 70953 160.72 Vendor Subtotal for Section 2:2001 657.02
Section 2:2004
101-2004-4203-00 Vision Insurance Blue Shield of California PR 22.11.2023 Vision Care-Mardikian-Nov'23 70982 27.83 Vendor Subtotal for Section 2:2004 27.83
Section 2:2004
101-2004-4204-00 Dental Insurance Delta Dental of California PR 22.11.2023 Dental Insurance-Mardikian-Nov'23 70984 157.75 Vendor Subtotal for Section 2:2004 157.75
Section 2:2004
101-2004-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 40.30 AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 10 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:2004 40.30
Section 2:2004
101-2004-5100-00 Professional Services Cotton,Shires & Associates,Inc Coastal Reviews - Sep & Oct '23 70952 7,146.00 101-2004-5100-00 Professional Services Cotton,Shires & Associates,Inc B&S Tasks - Oct '23 70952 2,358.75 101-2004-5100-00 Professional Services Cotton,Shires & Associates,Inc Geo/ Coastal Review - Oct '23 70952 23,310.00 101-2004-5100-00 Professional Services Cotton,Shires & Associates,Inc EH Counter Hours - Oct '23 70952 3,403.00 101-2004-5100-00 Professional Services Cotton,Shires & Associates,Inc Geotech Reviews - Oct '23 70952 41,432.74 Vendor Subtotal for Section 2:2004 77,650.49
Section 2:2004
101-2004-5100-00 Professional Services CR PRINT SoCal Gas Grant - CVA Postcards 70953 1,986.09 Vendor Subtotal for Section 2:2004 1,986.09
Section 2:2004
101-2004-5100-00 Professional Services Brian Shore SoCal Gas Grant - Banner - Coastal Workshop 70977 186.15 Vendor Subtotal for Section 2:2004 186.15
Section 2:2004
101-2004-5100-00 Professional Services True North Compliance Services, Inc. Plan Review - Oct '23 70979 26,158.65 101-2004-5100-00 Professional Services True North Compliance Services, Inc. Plan Review - In House - Oct '23 70979 2,565.00 Vendor Subtotal for Section 2:2004 28,723.65
Section 2:2010
101-2010-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 -24.24 Vendor Subtotal for Section 2:2010 -24.24
Section 2:2010
101-2010-5100-00 Professional Services Cotton,Shires & Associates,Inc EH Reviews - Oct '23 70952 15,265.50 Vendor Subtotal for Section 2:2010 15,265.50
AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 11 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Section 2:2012
101-2012-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 76.73 Vendor Subtotal for Section 2:2012 76.73
Section 2:3003
101-3003-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 33.05 Vendor Subtotal for Section 2:3003 33.05
Subtotal for Section 1: 101 145,496.90
Section 1: 102
Section 2:3002
102-3002-5100-02 Fire Rebuilds - Planning 4LEAF, Inc Woolsey Fire Contract Planner - Oct '23 70944 24,069.84 Vendor Subtotal for Section 2:3002 24,069.84
Section 2:3002
102-3002-5100-03 Fire Rebuilds - ESD Cotton,Shires & Associates,Inc EH Review - Woolsey Fire - Oct '23 70952 5,587.00 102-3002-5100-03 Fire Rebuilds - ESD Cotton,Shires & Associates,Inc Woolsey Fire - Counter Hours - Oct '23 70952 9,164.00 102-3002-5100-03 Fire Rebuilds - ESD Cotton,Shires & Associates,Inc Geo Review - Woolsey Fire - Oct '23 70952 16,946.00 Vendor Subtotal for Section 2:3002 31,697.00
Section 2:3002
102-3002-5100-03 Fire Rebuilds - ESD True North Compliance Services, Inc. Woolsey Fire Rebuild Plan Reviews - Oct '23 70979 34,429.60 Vendor Subtotal for Section 2:3002 34,429.60
Subtotal for Section 1: 102 90,196.44
Section 1: 103
Section 2:9050
103-9050-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 5.92 AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 12 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:9050 5.92
Section 2:9050
103-9050-5610-00 Facilities Maintenance Bob Harts Electric, Inc. City Hall - 3 Phase Transformer Replacement 70958 7,588.05 Vendor Subtotal for Section 2:9050 7,588.05
Section 2:9050
103-9050-5610-00 Facilities Maintenance Newbury Park Tree Service Inc City Hall Annual Tree Trim 2023 70972 4,530.00 Vendor Subtotal for Section 2:9050 4,530.00
Section 2:9050
103-9050-5721-00 Telephone Frontier California Inc Phone - City Hall Septic, Irrigation, Fire, Elevator - Nov '23 70955 406.00 Vendor Subtotal for Section 2:9050 406.00
Section 2:9050
103-9050-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - City Hall Fire Line 9/6 - 11/7/23 Acct#29153012 70968 449.20 103-9050-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - City Hall 9/6 - 11/7/23 Acct#29153093 70968 1,277.56 Vendor Subtotal for Section 2:9050 1,726.76
Section 2:9050
103-9050-7300-00 Leasehold Improvements Richard Fettinger City Hall - Office Rebuild Carpet Demo 70954 1,170.00 Vendor Subtotal for Section 2:9050 1,170.00
Section 2:9050
103-9050-7300-00 Leasehold Improvements Wink Roberts City Hall - Office Rebuild Painting/Roof Material 70971 1,669.55 Vendor Subtotal for Section 2:9050 1,669.55
Subtotal for Section 1: 103 17,096.28
AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 13 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Section 1: 310
Section 2:9065
310-9065-7800-00 CDBG - MCLE Office Trailer Kimley-Horn and Associates Inc Task 14: Labor ExchangeTrailer - Sep '23 70961 2,775.00 Vendor Subtotal for Section 2:9065 2,775.00
Subtotal for Section 1: 310 2,775.00
Section 1: 500
Section 2:7008
500-7008-5130-00 Park Maintenance G.I. Industries Garbage - Ioki Lot - Nov '23 70956 221.11 Vendor Subtotal for Section 2:7008 221.11
Section 2:7008
500-7008-5130-00 Park Maintenance Athaco Inc. Legacy Park - Signage/Freight 70969 104.95 Vendor Subtotal for Section 2:7008 104.95
Section 2:7008
500-7008-5610-00 Facility Maintenance G.I. Industries Garbage - Supercare Pharmacy - Nov '23 70956 429.12 Vendor Subtotal for Section 2:7008 429.12
Section 2:7008
500-7008-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - Legacy Park 9/6 - 11/7/23 Acct#29648060 70968 9,675.74 500-7008-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - Legacy Park Irrigation 9/6 - 11/7/23 Acct#29648063 70968 196.08 500-7008-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - Supercare Pharmacy 9/6 - 11/7/23 Acct#29152982 70968 183.34 Vendor Subtotal for Section 2:7008 10,055.16
Section 2:7008
500-7008-6160-00 Operating Supplies ProPet Distributors, Inc. Legacy Park - Litter Bags 70974 557.64 Vendor Subtotal for Section 2:7008 557.64
AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 14 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Subtotal for Section 1: 500 11,367.98
Section 1: 602
Section 2:7060
602-7060-4209-00 Disability Insurance Standard Insurance Company N2 PR 22.11.2023 STD/LTD 70988 20.30 Vendor Subtotal for Section 2:7060 20.30
Section 2:7060
602-7060-5721-00 Telephone Frontier California Inc Phone - City Hall Fac Internet - Nov '23 70955 860.39 Vendor Subtotal for Section 2:7060 860.39
Section 2:7060
602-7060-6120-00 Computer Software GovConnection Inc VMWare License/ Support Renewal 70957 1,433.80 Vendor Subtotal for Section 2:7060 1,433.80
Subtotal for Section 1: 602 2,314.49
Section 1: 710
Section 2:0000
710-0000-2270-38 Traffic Engineering Reviews Mani MBI (DE) LLC Ref- PW Traffic Review 22878 PCH CDP 17-092 70970 101.74 Vendor Subtotal for Section 2:0000 101.74
Subtotal for Section 1: 710 101.74
Section 1: 900
Section 2:0000
900-0000-2023-00 Vision Insurance Blue Shield of California PR Batch 70022.11.2023 Vision Care 70982 1,425.28 Vendor Subtotal for Section 2:0000 1,425.28
AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 15 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount Section 2:0000
900-0000-2024-00 Dental Insurance Delta Dental of California PR Batch 70022.11.2023 Dental Insurance 70984 8,160.25 Vendor Subtotal for Section 2:0000 8,160.25
Section 2:0000
900-0000-2025-00 Life Insurance Standard Insurance Company N2 PR Batch 70022.11.2023 Life Insurance 70988 1,174.22 Vendor Subtotal for Section 2:0000 1,174.22
Section 2:0000
900-0000-2025-01 Additional Life Insurance Standard Insurance Company N2 PR Batch 70022.11.2023 Additional Life Insurance 70989 283.08 Vendor Subtotal for Section 2:0000 283.08
Section 2:0000
900-0000-2026-00 STD/LTD Standard Insurance Company N2 PR Batch 70022.11.2023 STD/LTD 70988 3,330.79 900-0000-2026-00 STD/LTD Standard Insurance Company N2 PR Batch 70009.11.2023 STD/LTD 70988 3,333.45 Vendor Subtotal for Section 2:0000 6,664.24
Section 2:0000
900-0000-2027-00 Employee Assistance Health and Human Resource Center Inc PR Batch 70022.11.2023 Employee Assistance 70981 119.54 Vendor Subtotal for Section 2:0000 119.54
Section 2:0000
900-0000-2041-00 PARS U.S. Bank PR Batch 70022.11.2023 PARS - EE Share 70990 947.80 900-0000-2041-00 PARS U.S. Bank PR Batch 70022.11.2023 PARS - ER Share 70990 198.71 Vendor Subtotal for Section 2:0000 1,146.51
Section 2:0000
900-0000-2042-00 Deferred Compensation 457 ICMA-MissionSquare Retirement - 303615 PR Batch 70022.11.2023 ICMA Def Comp - % of Salary 70985 933.79 900-0000-2042-00 Deferred Compensation 457 ICMA-MissionSquare Retirement - 303615 PR Batch 70022.11.2023 ICMA Def Comp - Flat Amount 70985 11,855.39 AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 16 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288 Account Number Description Vendor Description Check No Amount 900-0000-2042-00 Deferred Compensation 457 ICMA-MissionSquare Retirement - 303615 PR Batch 70022.11.2023 ER Contribution to ICMA 70985 2,950.00 Vendor Subtotal for Section 2:0000 15,739.18
Section 2:0000
900-0000-2042-01 ICMA Loan Program ICMA-MissionSquare Retirement - 303615 PR Batch 70022.11.2023 ICMA Loan Program 70985 745.83 Vendor Subtotal for Section 2:0000 745.83
Section 2:0000
900-0000-2043-00 Deferred Compensation 401 ICMA-MissionSquare Retirement - 108658 PR Batch 70022.11.2023 ICMA - City Manager 70986 600.00 Vendor Subtotal for Section 2:0000 600.00
Section 2:0000
900-0000-2043-00 Deferred Compensation 401 ICMA-MissionSquare Retirement - 108650 PR Batch 70022.11.2023 ICMA - Dept Heads 70987 1,000.00 Vendor Subtotal for Section 2:0000 1,000.00
Section 2:0000
900-0000-2065-00 Miscellaneous Withholdings California State Disbursement Unit PR Batch 70022.11.2023 Income Withholding Order-Calif 70983 339.69 Vendor Subtotal for Section 2:0000 339.69
Subtotal for Section 1: 900 37,397.82
Report Total: 333,863.08
AP-Transactions by Account (11/30/2023 - 8:57 AM) Page 17 DocuSign Envelope ID: 31D151D0-1DBF-4E67-8310-3D91CC4A6288

Page 1 of 1 ends

Agenda Item # 3.B.3.

Council Agenda Report
To: Mayor Uhring and the Honorable Members of the City Council Prepared by: Kelsey Pettijohn, City Clerk
Approved by: Steve McClary, City Manager
Date prepared: November 29, 2023 Meeting date: December 11, 2023 Subject: Approval of Minutes
RECOMMENDED ACTION: Approve the minutes for the April 24, 2023 Malibu City Council Regular meeting, April 26, 2023 Malibu City Council Special meeting, and May 8, 2023 Malibu City Council Regular meeting.

FISCAL IMPACT: There is no fiscal impact associated with the recommended action.

STRATEGIC PRIORITY: This item is part of the day-to-day operations identified in the Adopted FY 2023-24 Strategic Priority Project List.

DISCUSSION: Staff has prepared draft minutes for the Council meetings of April 24, 2023, April 26, 2023, and May 8, 2023.

ATTACHMENTS:

April 24, 2023 Regular meeting
April 26, 2023 Special meeting
May 8, 2023 Regular meeting
City Council Meeting
12-11-23
Item

3.B.3.

MINUTES

MALIBU CITY COUNCIL

REGULAR MEETING
APRIL 24, 2023

COUNCIL CHAMBERS
6:30 P.M.

The following meeting was held pursuant to AB 361 and teleconferenced from various locations during the coronavirus disease (COVID-19) pandemic.

MEETING CALL TO ORDER
Mayor Pro Tem Uhring called the meeting to order at 6:30 p.m.

ROLL CALL
The following persons were recorded in attendance by the Recording Secretary:

PRESENT: Mayor Bruce Silverstein (via teleconference); Mayor Pro Tem Steve Uhring; and Councilmembers Paul Grisanti, Marianne Riggins (via teleconference), and Doug Stewart
ALSO PRESENT: Trevor Rusin, Interim City Attorney; Steve McClary, City Manager; Joseph Toney, Assistant City Manager; Kelsey Pettijohn, City Clerk; Kristin Riesgo, Acting Community Services Director; Yolanda Bundy, Environmental Sustainability Director; Richard Mollica, Planning Director; Susan Dueñas, Public Safety Director; Rob DuBoux, Public Works Director; Ruthie Quinto, City Treasurer; Alex Montano, Media Technician; Caryn De La Cruz, Environmental Sustainability Analyst; Tracey Rossine, Environmental Programs Manager; and Rebecca Evans, Administrative Assistant

PLEDGE OF ALLEGIANCE
Tom Bates led the Pledge of Allegiance.

REPORT ON POSTING OF AGENDA
City Clerk Pettijohn reported that the agenda for the meeting was properly posted on April 14, 2023.

APPROVAL OF AGENDA
MOTION Councilmember Stewart moved, and Councilmember Grisanti seconded a motion to approve the agenda. The question was called, and the motion carried unanimously.

ITEM 1 CEREMONIAL/PRESENTATIONS
A. Proclamation Declaring April 2023 as National Donate Life Month in Malibu Mayor Pro Tem Uhring presented the proclamation to Bob Thompson, One Legacy.

Malibu City Council
Minutes of April 24, 2023

Page 2 of 10 ends

_________________________
Mr. Thompson thanked the Council for the proclamation.

B. Presentation on 2022 Environmental Programs Accomplishments (WASTE

REDUCTION)
Environmental Sustainability Director Bundy and Environmental Sustainability Analyst De La Cruz presented information on the City’s waste reduction programs.

ITEM 2.A. PUBLIC COMMENTS
Councilmember Riggins left the meeting at 6:47 p.m.

Jefferson Wagner thanked the Council for their representation of the City. He introduced a video presentation that played a portion of the April 17, 2023 Planning Commission meeting.

Councilmember Riggins joined the meeting at 6:49 p.m.

Tom Bates discussed harassment he said was experienced by his friend Christina Wolford by her neighbors who tried to pressure her to move.

Christina Wolford discussed what she perceived as police misconduct while she attempted to ensure her safety from harassment by her neighbors.

Richard Sol discussed the 12-year impact the Civic Center Water Treatment Facility Phase II septic prohibition zone had on property owners in the Serra Retreat and Malibu Colony areas. He stated restrictions in the prohibition zone disallowed the addition of new plumbing fixtures to remodel, addition, and new construction projects. He requested interim relief to those impacted that allowed project plan submittal during Phase II implementation.

Jo Drummond stated that she knew of a Planning Commissioner who worked on projects they had approved as a Commissioner and requested an investigation. She suggested the allowance of more total plumbing fixtures in the prohibition zone provided they were low-flow fixtures. She stated if the Homelessness Task Force was disbanded and their responsibilities given to the Public Safety Commission, then the Public Works Commission duties should be revised to include wireless reviews that were transferred to the Commission when the Telecommunications Commission was disbanded.

Ryan Embree stated he was the Telecommunications Commission Chair, and worked on the City’s Telecommunications Ordinance and the antenna at Santa Monica College was not reviewed. He stated there was an error and specific duties were not added as part of the responsibilities of the Public Works Commission when the Telecommunications Commission’s duties were transferred over. He requested the Council clarify that the Public Works Commission was responsible for wireless telecommunications review for projects beyond just capital Malibu City Council
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improvement projects.

ITEM 2.B. COMMISSION / COMMITTEE / CITY MANAGER UPDATES Councilmember Riggins left the meeting at 7:06 p.m.

Dane Skophammer, Parks and Recreation Commission, thanked the Council for prioritizing the snack shack at Bluffs Park and provided an update on the progress of the project. He stated that he and the other Parks and Recreation Commissioners attended the recent Chumash Day event and thanked City staff and those who made the event a success. He provided an update on the Commission’s priorities for the upcoming year which included the skate park, temporary snack shack, and a permanent snack shack. He requested the establishment of a multi-generational recreation facility which included a swim center and library services on the Heathercliff property as an addition to the 2023-2024 workplan.

Councilmember Riggins joined the meeting at 7:09 p.m.

City Manager McClary announced a Coffee with a Deputy event on April 25, 2023 from 4:00 to 6:00 p.m. at the Malibu Park playground. He stated that he attended the ribbon cutting ceremony at the Santa Monica College (SMC) Malibu campus the prior Saturday. He stated he attended the Las Virgenes-Malibu Council of Governments (COG) meeting and met with State Assemblymember Jacqui Irwin.

He announced the State of the City event scheduled for May 3, 2023 at 10:00 a.m. at the SMC Malibu campus. He provided an update on the automatic license plate reading cameras and stated that two were installed, eight units would be installed on Southern California Edison poles, and two would be installed on Caltrans poles in the coming months. He stated that 20 beacon boxes were installed with installation of all 47 units expected by September 2023. He stated Malibu High School would be used for the day use impound yard during the summer of 2023.

He announced the outdoor screening of the documentary 21 Miles in Malibu scheduled for May 19, 2023, at 7:30 p.m. at Malibu Bluffs Park, preceded by a highway safety discussion by the Sheriff Department. He announced the Malibu Senior Center 20-year anniversary event scheduled for April 27, 2023, from 12:00 to 1:00 p.m. at City Hall. He announced the Library Speaker Series featuring Poet Laureate Ann Buxie scheduled for May 6, 2023, at 4:00 p.m. He stated Assembly Bill 1500 (AB 1500), which provided an additional three-year base property tax extension for Woolsey Fire affected properties, had progressed to the Appropriations Committee and included an urgency clause for it could become effective prior to January 2024.

Sergeant Chris Soderlund, Los Angeles County Sheriff Department, provided an update on the overnight parking enforcement operation on PCH April 13, 2023 to April 14, 2023. He stated that 51 citations were issued, four vehicles were towed, and one felony and one misdemeanor arrest were made. He stated that on the prior Sunday, Volunteer on Patrol (VOP) Mark Russo’s patrol car was hit from behind while stopped with lights flashing at the scene of a previous accident in the Trancas Malibu City Council
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area. He reported Law Enforcement Technician Sharona Kay collected evidence during a 2021 residential burglary investigation in Malibu and found a match through the Combined DNA Index System (CODIS) to a suspect in a separate incident in the state of Missouri and a warrant was issued for the suspect’s arrest.

He assured the community that the Sheriff Department worked with diligence on all cases.

ITEM 2.C. SUBCOMMITTEE REPORTS / COUNCIL COMMENTS
Councilmember Grisanti reported that he attended the grand opening ceremony of the SMC Malibu Campus the prior Saturday and encouraged the public to visit the facility.

Councilmember Stewart stated that he was grateful that VOP Russo was not injured in the traffic incident on PCH and that illustrated the importance of the documentary 21 Miles in Malibu. In response to Mr. Sol, he stated that the impact the septic prohibition zone had on property owners in the Serra Retreat and Malibu Colony areas should be researched. In response to Parks and Recreation Commissioner Skophammer, he acknowledged that much needed to be accomplished for the community. He stated that license plate reading equipment was important for law enforcement and public safety. He thanked those who had worked on AB 1500. He stated that he missed the SMC Malibu Campus opening due to another commitment. He requested a presentation at a future Council meeting on Homeowners’ Association (HOA) and Property Owners’ Association (POA) insurance matters that Assemblymember Jacqui Irwin’s office was working on and requested the organizations’ contact information be provided to the City so they could stay informed on the City’s efforts in the development of programs. He stated that he attended the April 18, 2023 COG meeting as an alternate. He stated that he met on April 18, 2023, with Los Angeles County Fire Department representatives and Malibu Public Safety Commission members and reviewed the fire brigade program that was under development. He stated that he thought the April 20, 2023 workplan meeting he attended at City Hall was very productive. He suggested including a review of the rules of procedure and decorum as established in Resolution No. 98-083 in the May 31, 2023 Brown Act training.

Councilmember Riggins reported that she attended the League of California Cities conference in Sacramento and stated that she enjoyed the solutions she heard from around the state and encouraged other Councilmembers to attend future conferences. She stated she attended a Library Subcommittee meeting with Mayor Silverstein. She thanked Community Services Department staff for their rapid removal of graffiti in Legacy Park. She encouraged the public’s attendance at the City’s commission and committee meetings. She stated that she attended the SMC Malibu campus ribbon-cutting ceremony, and that the facility was an asset to the community. She commented on the April 17, 2023 Planning Commission meeting and misinformation on social media that surrounded Skylar Peak, her appointee to the Commission. She stated that staff provided thorough reports to the Planning Commission and that accusations that Commissioners were unprepared for Malibu City Council
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meetings and staff had not provided sufficient information were unfounded.

Mayor Silverstein stated that he was recovering from COVID-19 and that it was still present in the community. He thanked the public speakers and those who submitted written correspondence. In response to Mr. Wagner, he stated that he had not heard about the issue of potentially inappropriate comments to Commissioners until he encountered it on social media. In response to the Sheriff Department report, he emphasized the importance of finding solutions for the unhoused population. He stated that he testified before the Assembly Revenue and Taxation Committee in Sacramento in favor of AB 1500. He stated that he participated in the Library Subcommittee meeting the prior Tuesday. He stated that he attended the April 20, 2023 work plan workshop and closed session afterwards and he found it productive. He stated that he attended the League of California Cities conference and that all cities were unique, but there were commonalities among the other cities that were different from Malibu. He stated that he discussed with representatives from other coastal cities how best the issue of short-term rentals might be approached with the California Coastal Commission (CCC). He stated that he participated in two weekly virtual California Strategies meetings with Mayor Pro Tem Uhring and City Manager McClary. He stated that he received information from County Supervisor Lindsey Horvath’s office that plans for housing additional individuals in trailers at Camp Kilpatrick were halted. He stated that Supervisor Horvath indicated that to the extent that she could she was committed to the inclusion of Malibu’s input when changes to the facility were made. He commented that impartial decisions could not be made by past and current Planning Commissioners who had livelihoods dependent upon development and suggested the Council develop a new policy.

Mayor Pro Tem Uhring stated he attended the SMC Malibu Campus ribbon cutting ceremony. He stated he attended a meeting with California Strategies and discussed the State Parks’ use of weed killing chemicals. He stated that the workplan workshop included the City’s department heads and was a good exchange of ideas.

He stated he met Supervisor Horvath at the SMC Malibu Campus ribbon cutting ceremony and felt there was good communication. He stated he received comments from the public on the implementation of the pesticide local coastal program amendment.

In response to Mayor Pro Tem Uhring, City Manager McClary stated communication with State Parks representatives about the use of chemicals continued and that he requested an update from them at an upcoming Council meeting.

Mayor Pro Tem Uhring thanked the public speakers and stated that efforts would be made for a solution to the septic prohibition the residents of Serra Retreat and Malibu Colony experienced.

ITEM 3 CONSENT CALENDAR
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Item No. 3.B.5. was pulled by the Council.

MOTION Councilmember Grisanti moved, and Councilmember Stewart seconded a motion to approve the Consent Calendar, pulling Item Nos. 3.B.5. The question was called, and the motion carried unanimously, Councilmembers Riggins and Stewart abstaining from Item No. 3.B.3.

The Consent Calendar consisted of the following items:

B. New Items

2. Approve Warrants
Recommended Action: Allow and approve warrant demand numbers 68727-68879 on the register from the General Fund and direct the City Manager to pay out the funds to each of the claimants listed in Warrant Register No. 723 in the amount of the warrant appearing opposite their names, for the purposes stated on the respective demands in a total amount of $932,293.74. City of Malibu payroll check number 5333-5336 and ACH deposits were issued in the amount of $ 258,132.04.

3. Approval of Minutes
Recommended Action: Approve the minutes for the March 14, 2022 Malibu City Council Regular meeting.

4. Findings to Hold Virtual City Council, Commission, Committee, Board and Other City Bodies, Meetings Under AB 361
Recommended Action: Consider a motion to reaffirm Resolution No. 23- 14, re-authorizing remote teleconferencing/virtual meetings pursuant to AB 361.

6. Acceptance of Marie Canyon Green Streets Project
Recommended Action: 1) Accept the work performed by J and H Engineering General Contractors, Inc. for the Marie Canyon Green Streets Project, Specification No. 2073 as complete; and 2) Authorize the Public Works Director to record a Notice of Completion for the project.

7. Termination of the State of a Local Emergency for the 2023 Winter Storms Recommended Action: Adopt Resolution No. 23-18 terminating the state of local emergency declared as a result of the 2023 Winter Storms.

The following item was pulled from the consent calendar for individual consideration:

5. Investment Report for the Month Ending March 31, 2023 Recommended Action: Receive and file the Investment Report for the month ending March 31, 2023.

City Treasurer Quinto provided an update to the published report.

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The Council discussed the item and directed questions to staff.

Mayor Pro Tem Uhring received and filed the Investment Report for the month ending March 31, 2023.

ITEM 4 ORDINANCES AND PUBLIC HEARINGS
A. Schedule of Fees Fiscal Year 2023-24
Recommended Action: 1) Conduct the Public Hearing; and 2) Adopt Resolution No. 23-17 establishing the Schedule of Fees for Fiscal Year 2023-24.

Assistant City Manager Toney presented the staff report.

Mayor Pro Tem Uhring opened the floor to public comment.

Speakers: Ryan Embree, Jo Drummond, and Colin Drummond
As there were no other speakers present, Mayor Pro Tem Uhring returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff.

MOTION Councilmember Riggins moved, and Councilmember Grisanti seconded a motion to adopt Resolution No. 23-17 establishing the Schedule of Fees for Fiscal Year 2023-24.

The Council discussed the motion.

The question was called, and the motion carried unanimously.

ITEM 5 OLD BUSINESS
None.

ITEM 6 NEW BUSINESS
A. Food and Beverage Sales in the Open Space District
Recommended Action: 1) Adopt, or provide comment on, the attached draft Council Interpretation regarding food and beverage sales in the Open Space District; 2) Adopt Resolution No. 23-19 initiating a Zone Text Amendment (ZTA) and Local Coastal Program Amendment (LCPA) to address food and beverage sales in the Open Space zoning district, or provide alternative direction; and 3) If Resolution No. 23-19 is adopted, provide direction to the Planning Commission to schedule a public hearing regarding the ZTA and LCPA and provide a recommendation to the Council whether to approve, modify, or reject the amendment and finding the action exempt from the California Environmental Quality Act.

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Planning Director Mollica presented the staff report.

Mayor Pro Tem Uhring opened the floor to public comment.

Speaker: Ryan Embree
As there were no other speakers present, Mayor Pro Tem Uhring returned the matter to the table for discussion.

The Council discussed the item.

MOTION Councilmember Stewart moved, and Councilmember Grisanti seconded a motion to 1) adopt, or provide comment on, the attached draft Council Interpretation regarding food and beverage sales in the Open Space District; 2) adopt Resolution No. 23-19 initiating a Zone Text Amendment (ZTA) and Local Coastal Program Amendment (LCPA) to address food and beverage sales in the Open Space zoning district, or provide alternative direction; and 3) direct the Planning Commission to schedule a public hearing regarding the ZTA and LCPA and provide a recommendation to the Council whether to approve, modify, or reject the amendment and finding the action exempt from the California Environmental Quality Act
The Council discussed the motion and directed questions to staff.

FRIENDLY AMENDMENT
Councilmember Riggins moved to amend the motion to only adopt Local Coastal Plan Interpretation No. 21 regarding food and beverage sales in the Open Space District.

The amendment was accepted by the maker and the seconder of the motion.

The Council discussed the amended motion and directed questions to staff.

The question was called, and the amended motion carried unanimously.

RECESS At 8:33 p.m., Mayor Pro Tem Uhring recessed the meeting. The meeting resumed at 8:45 p.m. with all Councilmembers present.

B. Update Regarding Local Coastal Program Amendment No. 16-006 (Sea View Hotel Project)
Recommended Action: Receive a status update regarding City Local Coastal Program Amendment (LCPA) No. 16-006 for the Sea View Hotel Project LCPA submittal, review the California Coastal Commission (CCC) approved LCPA as modified on February 8, 2023 (LCPA No. LCP-4-MAL-21-0073-2), and provide direction on the following:
1) The Council’s position on the LCPA as modified by the CCC and a determination if the modifications made by the CCC are generally consistent with Malibu City Council
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the City’s LCPA as adopted on September 13, 2021, or that the modifications substantially deviate from the LCPA; and
2) Preparation of an Ordinance to accept the modified LCPA; or 3) Preparation of a Resolution to withdrawal the City’s submitted LCPA with the Council’s stated findings.

Should the Council desire to change the modified LCPA, the Council would need to withdraw and resubmit the amendment as a new LCPA.

Planning Director Mollica presented the staff report.

Mayor Pro Tem Uhring opened the floor to public comment.

Speakers: Norm Haynie, Fred Gaines, Jefferson Wagner, Alex Perez, Rick Mullen, Pedro Toscano, Ryan Embree, Ellen Wolf, and Jo Drummond As there were no other speakers present, Mayor Pro Tem Uhring returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff and Mr. Haynie.

MOTION Mayor Silverstein moved, and Mayor Pro Tem Uhring seconded a motion to take no action on LCPA No. 16-006 and allow the LCPA process to expire.

The Council discussed the motion and directed questions to staff, Mr. Gaines, and Mr. Haynie.

FRIENDLY AMENDMENT
Mayor Silverstein moved to direct staff to work with the applicant and the California Coastal Commission to see if action can be taken that would potentially make the LCPA acceptable to the City Council.

The amendment was accepted by the seconder of the motion.

The question was called, and the amended motion carried 4-1, Councilmember Grisanti opposed.

ITEM 7 COUNCIL ITEMS
None.

ADJOURNMENT
Mayor Pro Tem Uhring adjourned the meeting at 10:20 p.m.

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Approved and adopted by the City Council of the
City of Malibu on __________.
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STEVE UHRING, Mayor
ATTEST:
_________________________________
KELSEY PETTIJOHN, City Clerk
(seal)

MINUTES

MALIBU CITY COUNCIL

SPECIAL MEETING
APRIL 26, 2023

COUNCIL CHAMBERS
6:00 P.M.

The following meeting was held pursuant to AB 361 and teleconferenced from various locations during the coronavirus disease (COVID-19) pandemic.

MEETING CALL TO ORDER
Mayor Pro Tem Uhring called the meeting to order at 6:00 p.m.

ROLL CALL
The following persons were recorded in attendance by the Recording Secretary:

PRESENT: Mayor Bruce Silverstein (via teleconference); Mayor Pro Tem Steve Uhring; and Councilmembers Paul Grisanti, Marianne Riggins (via teleconference), and Doug Stewart
ALSO PRESENT: Trevor Rusin, Interim City Attorney; Steve McClary, City Manager; Joseph Toney, Assistant City Manager; Kelsey Pettijohn, City Clerk; Kristin Riesgo, Acting Community Services Director; Yolanda Bundy, Environmental Sustainability Director; Richard Mollica, Planning Director; Susan Dueñas, Public Safety Director; Rob DuBoux, Public Works Director; Renee Neermann, Finance Manager; and Tracey Rossine, Environmental Programs Manager

PLEDGE OF ALLEGIANCE
Lloyd Ahern led the Pledge of Allegiance.

REPORT ON POSTING OF AGENDA
City Clerk Pettijohn reported that the agenda for the meeting was properly posted on April 21, 2023.

APPROVAL OF AGENDA
MOTION Councilmember Stewart moved, and Councilmember Grisanti seconded a motion to approve the agenda. The question was called, and the motion carried unanimously.

ITEM 1 NEW BUSINESS
A. Proposed Budget for Fiscal Year 2023-24
Recommended Action: Provide direction to staff on the Fiscal Year 2023-24 Proposed Budget.

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Assistant City Manager Toney presented the staff report.

The Council directed questions to staff.

Assistant City Manager Toney presented the Management and Administration Department update.

The Council directed questions to staff.

Public Safety Director Dueñas presented the Public Safety Department update.

The Council directed questions to staff.

Acting Community Services Director Riesgo presented the Community Services Department update.

The Council directed questions to staff.

Environmental Sustainability Director Bundy and Environmental Programs Manager Rossine presented the Environmental Sustainability Department update.

The Council directed questions to staff.

Planning Director Mollica, presented the Planning Department update.

The Council directed questions to staff.

Public Works Director DuBoux presented the Public Works Department update.

The Council directed questions to staff.

Assistant City Manager Toney presented the summary to the report.

Mayor Pro Tem Uhring opened the floor to public comment. As there were no speakers present, Mayor Pro Tem Uhring returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff and Sergeant Chris Soderlund, Los Angeles County Sheriff Department.

ADJOURNMENT
Mayor Pro Tem Uhring adjourned the meeting at 8:43 p.m.

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MINUTES

MALIBU CITY COUNCIL

REGULAR MEETING
MAY 8, 2023

COUNCIL CHAMBERS
5:00 P.M.

The following meeting was held pursuant to AB 361 and teleconferenced from various locations during the coronavirus disease (COVID-19) pandemic.

MEETING CALL TO ORDER
Mayor Silverstein called the meeting to order at 5:00 p.m.

ROLL CALL
The following persons were recorded in attendance via teleconference by the Recording Secretary:

PRESENT: Mayor Bruce Silverstein; Mayor Pro Tem Steve Uhring; and Councilmembers Paul Grisanti, Marianne Riggins, and Doug Stewart

PUBLIC COMMENT ON CLOSED SESSION
Mayor Silverstein opened the floor to public comment.

Emily Mann was not present at the time of the hearing.

RECESS TO CLOSED SESSION
At 5:02 p.m., the Council recessed to Closed Session to discuss the following items listed on the Closed Session agenda:

Conference with Legal Counsel – Anticipated Litigation

1. Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Government Code section 54956.9
Number of potential cases: (1)
Conference with Legal Counsel – Existing litigation pursuant to Government Code Section 54956.9(d)(1):

1. Case Name: City’s Petition to Form Malibu USD from Territory in the Santa Monica-Malibu USD

REGULAR SESSION CALL TO ORDER
Mayor Silverstein called the meeting to order at 6:30 p.m.

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ROLL CALL
The following persons were recorded in attendance via teleconference by the Recording Secretary:

PRESENT: Mayor Bruce Silverstein; Mayor Pro Tem Steve Uhring; and Councilmembers Paul Grisanti, Marianne Riggins, and Doug Stewart
ALSO PRESENT: Trevor Rusin, Interim City Attorney; Steve McClary, City Manager; Joseph Toney, Assistant City Manager; Kristin Riesgo, Acting Community Services Director; Yolanda Bundy, Environmental Sustainability Director; Richard Mollica, Planning Director; Susan Dueñas, Public Safety Director; Rob DuBoux, Public Works Director; Christine Wood, Deputy City Attorney; Mark Johnson, Environmental Programs Coordinator; Tracey Rossine, Environmental Programs Manager, and Rebecca Evans, Administrative Assistant

PLEDGE OF ALLEGIANCE
Pamela Conley Ulich led the Pledge of Allegiance.

CLOSED SESSION REPORT
Interim City Attorney Rusin reported that the meeting convened at 5:00 p.m., after which time the City Council recessed to a Closed Session pursuant to Government Code Section 54956.9(d)(2), with all Councilmembers present. He stated the Council discussed the items on the Closed Session agenda and took no reportable action.

REPORT ON POSTING OF AGENDA
Administrative Assistant Evans reported that the agenda for the meeting was properly posted on April 28, 2023, with the amended agenda posted on May 3, 2023.

APPROVAL OF AGENDA
MOTION Mayor Pro Tem Uhring moved, and Councilmember Stewart seconded a motion to approve the agenda.

FRIENDLY AMENDMENT
Councilmember Grisanti moved to adjourn in memory of Jeffrey Mazzarella.

The amendment was accepted by the maker and the seconder of the motion.

The question was called, and the amended motion carried unanimously.

ITEM 1 CEREMONIAL/PRESENTATIONS
A. Presentation on “Safer from Wildfires” Framework and the New Regulations Malibu City Council
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Making Insurance Available and Affordable for all Californians Armine Sargsyan, Outreach Analyst, California Department of Insurance, provided a presentation on their role in affordable fire insurance coverage.

The Council directed questions to Ms. Sargsyan.

B. Presentation on 2022 Environmental Programs Accomplishments (POLLUTION

PREVENTION
Environmental Sustainability Director Bundy and Environmental Programs Coordinator Johnson presented information on the City’s efforts in pollution prevention.

C. Update Regarding Separation from Santa Monica-Malibu Unified School District Deputy City Attorney Wood presented an update on school district separation efforts.

ITEM 2.A. PUBLIC COMMENTS
Norm Haynie commented on the Sea View Hotel project and provided an overview of deadlines for acceptance of modifications to the Local Coastal Program Amendment by the California Coastal Commission (CCC). He stated that he had the additional information requested by the Council at the prior hearing and requested that the matter was considered at the June 12, 2023 City Council meeting.

Pamela Conley Ulich commented on the importance of mental health awareness and community. She thanked the Council, City staff, and members of the public for their participation in meetings and their dedication. She stated that there were three unused parcels of City land that could be utilized for parks and recreation. She stated that the excess library funds could be used for the Malibu Film Society. She stated that she hoped the needs assessment would be used for an overall plan for the City.

Robert Gold commented on his involvement with the Crummer property and on the Sea View Hotel project as it pertained to entitlements, mitigation fees, and Local Coastal Program Amendment modifications.

Pam Eilerson, Malibu West Homeowners’ Association Board of Directors, requested that the City Council revisit Resolution No. 11-41 which created the Broad Beach Geologic Hazard Abatement Zone (GHAD) and dissolve it and find better solutions for beach erosion.

Jake Lingo commented on an incident that occurred on a school outing and emphasized the importance of school safety and indicated support for armed security on campus.

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Jefferson Wagner thanked the Council for their efforts on behalf of the community.

He commented on the video he presented at the April 24, 2023 City Council meeting which played a portion of the April 17, 2023 Planning Commission meeting at which Planning Commissioner Kraig Hill stated that comments were made to him by a member of the public that he felt it was an attempt to influence his decision. He requested a follow-up on the matter as he had not heard anything.

He stated that the State of the City Address was well run.

Ryan Embree commented on the antenna pole at the Santa Monica College Malibu campus. He stated that it was constructed illegally and was an eyesore that was left over from a joint project between Santa Monica College and Los Angeles County.

He stated that in the materials presented to the Planning Commission for approval of the project, the antenna was not properly represented and two thirds of it was outside of the frame of the rendering. He stated that the applicant proposed a higher pole to the Federal Aviation Administration than they proposed to the City for approval.

Heather Alfano commented on the security event that occurred on May 3, 2023 that resulted in a lockdown of Malibu High School. She stated that Santa MonicaMalibu Unified School District failed in effective notification to parents and teachers at area schools. She stated that the information provided was inaccurate, inadequate and not timely enough for parents to make an informed decision on whether to send their children to school the next day. She stated that school security was the top priority and requested the City implement a heightened security plan.

Kraig Hill commented on the Baker Tilly report process and encouraged the City to work toward keeping meeting minutes up to date for historical reference.

Lori Harrod, California State Parks Acting District Superintendent, stated that all use of pesticides and herbicides in the Point Dume State Natural Preserve was halted and alternative solutions would be sought. She provided an update on the restoration of Point Dume and the stairway access.

Kian Schulman commented on the damaging effects of the use of pesticides and thanked California State Parks for understanding Malibu’s need and halting the use of pesticides and herbicides in the community.

Jo Drummond commented on the communications tower in the Civic Center area and asked that the approval by the City be revoked based on a false and misleading application and the tower be removed. She requested that any subsequent communications tower be reviewed by the Public Works Commission.

Georgia Goldfarb commented on the damage the use of herbicides had and stated that the State Parks’ justification for its use was their assertion that they received approval prior to the City’s ban having gone into effect. She stated that there were ecologically friendly methods for weed control.

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Melissa Solano commented on the importance of school security and the many valuable contributions of School Resource Officers. She requested that the City work with the Los Angeles County Sheriff’s Department to provide security for Malibu schools.

Hap Henry, a Point Dume resident commented on the dangers of chemical herbicides. He applauded State Parks for their commitment to not using them at Point Dume State Park. He offered his and his neighbors’ volunteer efforts for invasive plant species removal in the community.

Tim Pera, Mountains Recreation and Conservation Authority Ranger, reported that Rangers responded along with Los Angeles County Sheriff Department personnel to a rescue at Escondido Canyon Trail which involved a sprained ankle. He reported that they conducted patrols at Malibu Bluffs in response to reports of possible new encampments and did not encounter any. He stated additional ranger patrols were implemented during the weekend for enhanced public safety in the parks. He reported additional patrols were implemented at Escondido Canyon Trail for parking enforcement and crowd control. He stated that there was one service call for a locked gate at the Carbon West access point. He stated that daily patrols were conducted at all of their access points and public areas for any safety or maintenance concerns.

Hans Laetz stated that he was a 25-year resident and homeowner on Surfside Way in Malibu Park. He stated that in 2011 the City Council approved the creation of the Broad Beach GHAD and at that time he appeared before the Council and endorsed it. He stated that was a mistake and the amount of work was extensive and disruptive to the City. He stated State Lands Department and CCC failed to consider alternatives that would include what State Parks’ planned for their Rindge Dam / Surfrider Beach project which would have sand trucked up north and brought back down by barge to the ultimate site where it would be deposited at Surfrider Beach. He stated something like that should be considered for the Broad Beach project. He stated that the City Council and City Attorney needed to provide alternative solutions for the State Lands Department’s and the CCC’s consideration.

ITEM 2.B. COMMISSION / COMMITTEE / CITY MANAGER UPDATES City Manager McClary announced the Jane Seymour Expression art exhibition would begin May 22, 2023 at the Malibu City Gallery at City Hall and the Conversations with Jane Seymour event, hosted by the Malibu Arts Commission, would be held on June 4, 2023 at 12:00. He announced the outdoor screening of the documentary film 21 Miles in Malibu would be held on May 19, 2023 at Bluffs Park with a pre-movie discussion about Pacific Coast Highway (PCH) safety by members of the Los Angeles County Sheriff Department beginning at 7:00 p.m. He reported that the prior week he attended the State of the City event and thanked County Supervisor Lindsay Horvath, Mayor Silverstein, Los Angeles County Sheriff Department Captain Jennifer Seetoo, the Chamber of Commerce, and Santa Malibu City Council
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Monica College for their contributions to the event. He stated that a video that summarized the City’s accomplishments was available on the City’s YouTube channel. He stated that he received information from the Department of Beaches and Harbors that the western portion of Zuma Beach was designated a Blue Flag award and there would be an official raising of the Blue Flag ceremony on May 25, 2023 at 2:00 p.m. He commented on the earthquake that just after 8:00 a.m. today, recorded at 3.4 magnitude, centered near Las Flores Canyon, and that there were no reports of damage to the City’s facilities and reminded the community that earthquake preparedness information was available on the City’s website. He provided information on items that would be on the May 22, 2023 City Council meeting agenda which included the proposed budget, General Fund grants, and workplan item, the report on the Library set-aside fees, and the public hearings for the Big Rock Mesa, Malibu Road, and Calle Del Barco assessment districts. He provided an update on the City’s action regarding the communications tower in the Civic Center area and stated that the City sent a corrections letter to the property owner, Los Angeles County, and the City awaited their response.

Sergeant Chris Soderlund, Los Angeles County Sheriff Department, encouraged the community to attend the screening of the documentary 21 Miles in Malibu at Bluffs Park. He announced the Lost Hills Sheriff Station annual open house on May 13, 2023 from 9:00 a.m. to 2:00 p.m. He announced that the Sheriff Department’s participation in the City’s Public Safety Expo on June 10, 2023. He provided the April 2023 crime statistics for Malibu and stated that there was a 23 percent reduction in the most serious crimes year-to-date from last year. He provided an update on notable incidents and stated that a suspect from Culver City was arrested for commercial burglary at an establishment at Cross Creek Road and a suspect from Los Angeles was arrested for residential burglary that occurred the previous month on PCH. He stated that two individuals from Bakersfield were arrested near Carbon Beach Road and PCH for possession of a vehicle stolen in the Fresno area and drug paraphernalia was found inside of the vehicle. He commented on the incident that occurred at the Getty Villa during a school outing and stated that the location was outside of the Lost Hills jurisdiction and the West Los Angeles Station of the Los Angeles Police Department (LAPD) covered that area. He stated that when his station learned of the incident, they responded and escorted the school bus and the students back to their campus in Malibu. He stated that they also took the lead in the investigation and conducted a joint threat assessment with the LAPD at the suspect’s residence. He reminded the community that there was a full-time dedicated sergeant and three deputies assigned to the schools and that school safety was one of their top priorities. He stated that on May 2, 2023, he and the Malibu Special Assignment Deputies had the Recreational Vehicle that was illegally parked on PCH and an adjacent illegally parked van which had amassed numerous citations impounded and removed.

In response to Mayor Silverstein, Sergeant Soderlund stated that the school initiated the lockdown of the school and that to his knowledge, due to the serous nature of the crimes, the persons arrested were likely remained in custody.

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ITEM 2.C. SUBCOMMITTEE REPORTS / COUNCIL COMMENTS
Councilmember Grisanti stated that he attended the SMC Malibu Campus ribbon cutting ceremony. He stated he attended the State of the City event that was held at the SMC Malibu Campus. He stated he met with Los Angeles County Sheriff Robert Luna and State Senator Ben Allen the following day. He stated that he attended a preliminary groundbreaking ceremony at the Malibu Jewish Center and Synagogue and there would be a more formal groundbreaking ceremony once permits for the project were issued.

Councilmember Stewart stated he attended the groundbreaking ceremony at the Malibu Jewish Center and Synagogue and he hoped that permit would be issued soon so they could begin construction. He commented on the budget process and stated that there were over $500,000 in requests from the General Fund Grant Program applications and the City had $200,000 available for distribution and that the decisions were difficult. He stated there were increased allocations for public safety, in part due to the new Sheriff Department substation and that he looked forward to the upcoming school safety report. He stated that he attended the State of the City event and was impressed by the positive tone of the participants and accomplishments that were made. He stated that he was asked to have his name added to the fentanyl control letter at the State legislature hearing and that the City’s support to the cause should be considered because it was a tremendous problem throughout the country and in California.

Councilmember Stewart suggested directing staff to bring back on a future agenda a staff review and recommendation regarding the development mitigation fees assessed in compliance with California Coastal Commission and a plan for how the City will address the issue.

Mayor Silverstein indicated support Councilmember Stewart’s suggestion and recommended considering a Local Coastal Program Amendment to provide applicants an option to either provide a percentage of low-cost facilities or pay a mitigation fee.

Mayor Pro Tem Uhring and Councilmember Riggins agreed it should be discussed as part of the workplan discussion and prioritized accordingly.

Councilmember Grisanti agreed that it should be placed on an agenda for discussion.

CONSENSUS
By consensus, the Council directed staff to bring back on a future agenda: a) staff review and recommendation regarding the development mitigation fees assessed in compliance with California Coastal Commission; b) a plan for how the City will address the issue; and c) consideration of a Local Coastal Program Amendment to provide applicants an option to either provide a percentage of lowcost facilities or pay a mitigation fee
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Councilmember Stewart stated that the development of a Parks plan and a Community Center were important for the community.

Councilmember Riggins stated that she attended the State of the City event and thought Mayor Silverstein and all the other speakers did a wonderful job. She stated that she attended the Southern California Association of Governments conference the previous week and that the topic of sustainability of electrical, making the grid all electric, electric vehicles was a top topic of discussion. In response to Ms. Ulich, she thanked her for bringing up the issue of mental health, and that it was something everyone needed to think about, and to consider your friends, neighbors, family, and yourself and take time for self-love. She thanked Mr. Lingo, Ms. Alfano, and the Sheriff Department for highlighting the incident at the Getty Center and for the Sheriff Department taking the lead on the incident to ensure that the students were safe. She stated that there were volunteers that were ready and able to pull weeds at the headlands, and that she participated in a volunteer event there the year prior and provided her contact information for the State Parks Department to coordinate efforts. She reminded the community, that in light of the morning’s earthquake, to be prepared and assist their neighbors with emergency preparedness. She stated that one of her priorities was community outreach to help determine uses for the vacant City-owned parcels.

Mayor Pro Tem Uhring stated that he attended the weekly California Strategies meetings, and they were assisting the City in working their way through Sacramento. He stated that community members contacted him regarding the Malibu Film Society issues. He stated that the School Safety Task Force was working on that very important issue. In response to Mr. Wagner, he stated that there would be a report in the local newspaper regarding the comments Planning Commissioner Hill referenced at the Planning Commission meeting and that the City’s legal team would research what had happened. He thanked State Parks for stopping the use of herbicides in Malibu and stated that he felt that they did a good job and that he held yearly State Parks passes. He stated that he was on the Santa Monica Bay Restoration Commission and discussed their ongoing projects, including dune restoration at Zuma Beach in Malibu, and down in Manhattan Beach, and down by Los Angeles International Airport. He stated they invited groups of students and their parents for participation in volunteer opportunities that were also educational and suggested they use a similar approach to get the community involved in preserving the environment. In response to MRCA Ranger Pera, he stated that there was heavy activity at the Escondido Trail and requested increased patrols in the area. He commented on Planning Commissioner Skylar Peak doing work for projects he voted on during his time on the City Council. He stated that there was much conversation on the radio, in the newspapers, and on social media despite there being no evidence of any wrongdoing. He stated that he completed three ethics courses in his roles with the City and other agencies and in each of those courses they indicated that perception was a major component. He stated that he was going to try to work with Interim City Attorney Rusin on the development of a code of ethics for the Planning Commission that would cover the interactions at the Commission table and perhaps some items in terms of what you Malibu City Council
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can do after you have voted on a topic whether you can go out and actually work with that person in that project sometime in the future. He stated that after something was drafted, they would bring it to the Council.

Interim City Attorney Rusin stated that consensus by the Council should be reached in order to place an item on the agenda for discussion.

In response to Councilmember Riggins, Interim City Attorney Rusin stated that there was a Brown Act training scheduled for May 31, 2023.

In response to Councilmember Riggins, Mayor Pro Tem Uhring clarified that ethics was a different topic than what was covered under the Brown Act. He specified that he wanted commissioner conduct and the image they presented to the community while serving on commissions to be addressed.

In response to Mayor Pro Tem Uhring, Mayor Silverstein stated that it did not appear there would be a consensus by the Council to have it placed on a future Council meeting agenda, but it was something that he could schedule as a Councilmember item.

In response to Councilmember Riggings, Interim City Attorney Rusin stated that there was a Planning Commission resolution that pertained to decorum, but he believed that Mayor Pro Tem Uhring proposed an update to those guidelines and additional provisions.

Mayor Silverstein reported that he spoke at the State of the City event the prior week and commended the other speakers as well as the video that was presented which was available on the City’s website. He stated that he attended the gathering the following evening and spoke with Sheriff Luna and Assemblymember Jacqui Irwin and Senator Allen. He stated that he continued to communicate with Supervisor Horvath on a weekly basis about matters before the Board of Supervisors that affected Malibu. He stated that at the request of the Mayor of Santa Clarita he spoke with him about issues that involved affordable housing and the unhoused population with the prior week. He stated that two Newport Beach Councilmembers reached out to him for a discussion on the same topics and he planned to meet with them the following week. He stated that he attended the groundbreaking for the Malibu Jewish Center and Synagogue. He stated he had worked with representatives from the Malibu Film Society over the past two weeks to finalize the proposal that was on the evening’s agenda, Item 7.A. He stated that he participated in an Administration and Finance Committee meeting with Councilmember Stewart and that he read through the grant applications and heard the applicants who spoke at the meeting. He stated that he participated weekly in the meetings with California Strategies. He stated that he agreed with the comments already made in response to Ms. Ulich. He stated that when the City purchased the vacant properties, it promised the residents a robust process for what should be done with those properties for the benefit of the community and it was time that that process began. In response to Ms. Eilerson and Mr. Laetz, he stated that he thought Malibu City Council
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the matter of the GHAD would be placed on a Council meeting agenda for discussion.

In response to Mayor Silverstein, City Manager McClary stated that staff was working on a draft of the report on the GHAD.

Mayor Silverstein commented on school safety and discussed amount of time the school safety report had taken. He stated that the City had pushed to move forward and that the school district had processes which slowed the project down and that was another reason school district separation was important. In response to Mr.

Lingo, he stated that armed security was something that would be considered, but there were some residents who spoke strongly against that proposal. He stated that he hoped something could be done to address the communications tower in the Civic Center. He stated that he was glad that State Parks responded to the community’s outcry against the use of herbicides and as was suggested the weeds could be pulled by hand by volunteers. He stated that a letter was received by the Council from Norm Haynie, and Mr. Haynie spoke during public comment and advocated that the Council place the proposed LCPA required for him to proceed with his hotel project back on the agenda, but the Council had already considered that item and voted in a 4-1 decision. He stated he believed Mr. Haynie was pursuing other efforts to get this reconsidered by the Council. He stated that Mr.

Haynie’s lawyer had been lobbying City staff and other members of the City Council to give him another try at approval of the proposed LCPA. He stated that they had a hearing and provided Mr. Haynie with guidance as to how he might go about getting the matter back on the agenda and he was told not that he should privately lobby for a re-hearing. He stated that because of the Brown Act, he could only know what Mr. Haynie had said to one other Councilmember. He stated that he hoped in the future Councilmembers would share in their reports what they were being told by members of the public outside their meetings. He stated he did not think it was appropriate that members of the public could speak to each of the Councilmembers before a meeting to stack the deck behind the scenes. He stated that he thought that violated the spirit, if not the letter, of the Brown Act. He stated that the Council gave Mr. Haynie guidance as to what he needed to do to get back on the agenda.

ITEM 3 CONSENT CALENDAR
MOTION Councilmember Riggins moved, and Councilmember Grisanti seconded a motion to approve the Consent Calendar. The question was called, and the motion carried unanimously, Councilmembers Riggins and Stewart abstaining from Item No.

3.B.3.

The Consent Calendar consisted of the following items:

B. New Items

1. Waive Further Reading
Malibu City Council
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Recommended Action: After the City Attorney has read the title, waive full reading of ordinances considered on this agenda for introduction on first reading and/or second reading and adoption.

2. Approve Warrants
Recommended Action: Allow and approve warrant demand numbers 68880-68960 on the register from the General Fund and direct the City Manager to pay out the funds to each of the claimants listed in Warrant Register No. 724 in the amount of the warrant appearing opposite their names, for the purposes stated on the respective demands in a total amount of $588,069.42. City of Malibu payroll check number 5337-5339 and ACH deposits were issued in the amount of $253,148.44.

3. Approval of Minutes
Recommended Action: Approve the minutes for the March 24, 2022 Malibu City Council Special meeting.

5. Amendment No. 1 to Professional Services Agreements with CR Print, Inc. and Totalgraphics
Recommended Action: 1) Authorize the Mayor to execute the Professional Services Agreement Amendment No. 1 with CR Print, Inc. to extend the term of the agreement to July 31, 2023; and 2) Authorize the Mayor to execute the Professional Services Agreement Amendment No. 1 with Totalgraphics to extend the term of the agreement to July 31, 2023.

6. Disbandment of the Homelessness Task Force
Recommended Action: Approve Resolution No. 23-20 disbanding the Homelessness Task Force (Task Force) and reassigning Task Force Charter assignments to the Public Safety Commission.

7. Award Storm Drain Trash Screens Installation Phase Two Project Recommended Action: 1) Authorize the City Manager to execute a construction contract with United Storm Water, Inc. in the amount of $9,101 for the Storm Drain Trash Screens Installation Phase Two Project Specification No. 2102; and 2) Authorize the Public Works Director to approve potential change orders up to 15% of the contract.

ITEM 4 ORDINANCES AND PUBLIC HEARINGS
A. Appeal Nos. 22-006 and 22-012 – Appeals of Planning Commission Resolution No. 22-46 (33650 Pacific Coast Highway; Owner: Charals Haagan; Appellants:

Jake Jenson and the Mountains Recreation and Conservation Authority) Recommended Action: Continue this item to the May 22, 2023 Regular City Council meeting.

This item was continued upon approval of the agenda.

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ITEM 5 OLD BUSINESS
None.

ITEM 6 NEW BUSINESS
A. Letter in Opposition to Los Angeles County Board of Supervisors Motion to Take Actionable Steps to Depopulate and Decarcerate the Los Angeles County Jails Recommended Action: Consider authorizing the Mayor to send a letter to Los Angeles County Board of Supervisors Hilda Solis and Lindsey Horvath in opposition to a proposed motion to take actionable steps to depopulate and decarcerate the Los Angeles County jails.

Public Safety Director Dueñas presented the staff report.

The Council directed questions to staff.

Mayor Silverstein opened the floor to public comment. As there were no speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff.

MOTION Councilmember Riggins moved, and Councilmember Stewart seconded a motion to authorize the Mayor to send a letter to Los Angeles County Board of Supervisors Hilda Solis and Lindsey Horvath in opposition to a proposed motion to take actionable steps to depopulate and decarcerate the Los Angeles County jails.

FRIENDLY AMENDMENT
Councilmember Grisanti moved to revise the tone of the letter to express appreciation for the continuance of the item.

The amendment was accepted by the maker and the seconder of the motion.

The question was called, and the amended motion carried unanimously.

B. Letter in Opposition to Rotating Los Angeles County Sheriff’s Deputies to Other Stations at Least Every Five Years
Recommended Action: Consider authorizing the Mayor to send a letter to Los Angeles County Sheriff, with copies sent to the Civilian Oversight Commission and Los Angeles County Supervisor Lindsey P. Horvath, in opposition to a recommendation to rotate patrol deputies in periodic rotations, no longer than every five years.

Public Safety Director Dueñas presented the staff report.

Mayor Silverstein opened the floor to public comment.

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Speaker: Rudy Bermudez
As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff.

MOTION Councilmember Stewart moved, and Councilmember Grisanti seconded a motion to authorize the Mayor to send a letter to Los Angeles County Sheriff, with copies sent to the Civilian Oversight Commission and Los Angeles County Supervisor Lindsey P. Horvath, in opposition to a recommendation to rotate patrol deputies in periodic rotations, no longer than every five years.

The Council discussed the motion.

FRIENDLY AMENDMENT
Mayor Silverstein moved to address the letter to the Los Angeles County Board of Supervisors office and the Civilian Oversight Commission rather than copy the letter that is addressed to the Los Angeles County Sheriff.

The amendment was accepted by the maker and the seconder of the motion.

The question was called, and the amended motion carried unanimously.

C. Malibu Arts Association Art Show Event Series Fee Waiver Recommended Action: Consider whether to approve the request from the Malibu Arts Association to waive facility use fees, staffing costs, and permit fees for an Art Show event series at Legacy Park.

Acting Community Services Director presented the staff report.

Mayor Silverstein opened the floor to public comment. As there were no speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff.

MOTION Mayor Silverstein moved, and Mayor Pro Tem Uhring seconded a motion to approve the request from the Malibu Arts Association to waive facility use fees, staffing costs, and permit fees for an Art Show event series at Legacy Park. The question was called, and the motion carried unanimously.

RECESS At 9:10 p.m., Mayor Silverstein recessed the meeting. The meeting resumed at 9:17 p.m. with all Councilmembers present.

ITEM 7 COUNCIL ITEMS
A. Clarified Interpretation of Section 17.02.060 of the Malibu Municipal Code & Malibu City Council
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Grant Support for the Malibu Film Society to Fund Free Membership / Admission by Malibu Residents (Mayor Silverstein and Councilmember Grisanti) Recommended Action:

1. Ask the City Council to provide an interpretation of Section 17.02.060 of the Malibu Municipal Code (the “MMC”) that permits “religious facilities” to host gatherings and/or events sponsored by non-profit organizations and are open to the general public and free to Malibu residents;

2. Ask the City Council to approve a grant of $85,000 to the Malibu Film Society (the “MFS”) to offset (i) a forecasted deficit of approximately $75,000 during the 2023-24 season resulting from providing membership and admission to film screenings and other events to Malibu residents free of charge, and (ii) approximately $10,000 to establish a web-based system for registering and confirming free membership for Malibu residents who wish to avail themselves to that opportunity that is being facilitated by the City; and

3. Authorize the City Council to send a letter to the Los Angeles County Library (County) requesting that amount required to fund free membership to the MFS by Malibu residents be funded through the Malibu Library Set Aside Funds, with appropriate attribution to with appropriate attribution to the Library by the MFS, including promotion of Library membership and the benefits thereof.

Mayor Silverstein opened the floor to public comment.

Speakers: Scott Tallal, Angel Burns, John Johannessen, Jefferson Wagner, E. Barry Haldeman, Darlene Dubray, Howard Rudzki, and Jo Drummond As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item.

MOTION Mayor Silverstein moved, and Councilmember Grisanti seconded a motion to:
1) provide an interpretation of Section 17.02.060 of the Malibu Municipal Code (the “MMC”) that permits “religious facilities” to host gatherings and/or events sponsored by non-profit organizations and are open to the general public and free to Malibu residents;
2) direct staff bring back an item on the Consent Calendar to include a draft grant agreement specifying grant conditions and providing for a grant of $85,000 to the Malibu Film Society (the “MFS”) to offset (i) a forecasted deficit of approximately $75,000 during the 2023-24 season resulting from providing membership and admission to film screenings and other events to Malibu residents free of charge, and (ii) approximately $10,000 to establish a web-based system for registering and confirming free membership for Malibu residents who wish to avail themselves to that opportunity that is being facilitated by the City; and 3) authorize the City Council to send a letter to the Los Angeles County Library (County) requesting that amount required to fund free membership to the MFS by Malibu residents be funded through the Malibu Library Set Aside Funds, with appropriate attribution to with appropriate attribution to the Library by the MFS, Malibu City Council
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including promotion of Library membership and the benefits thereof.

The Council discussed the motion and directed questions to staff, Mr. Tallal, and E. Barry Haldeman.

FRIENDLY AMENDMENT
Councilmember Stewart moved to amend the motion to: 1) allow no more than 110 events per year rather than the proposed 182; 2) determine the interpretation would be in effect for one year; and 3) provide that the City will absorb the relocation costs if a change in code or interpretation requires the Malibu Film Society to relocate after one year.

The Council discussed the amendment and directed questions to staff and Mr.

Tallal.

The question was called, and the amended motion carried 3-2, Councilmember Riggins and Mayor Pro Tem Uhring opposed.

ADJOURNMENT
At 11:55 p.m., Councilmember Riggins moved, and Councilmember Stewart seconded a motion to adjourn the meeting in memory of Jeffrey Mazzarella. The question was called, and the motion carried unanimously.

Approved and adopted by the City Council of the
City of Malibu on __________.
_________________________________
STEVE UHRING, Mayor
ATTEST:
_________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
City of Malibu
Memorandum

Page 1 of 1 ends

Agenda Item # 3.B.4.

To: Mayor Uhring and the Honorable Members of the City Council From: Ruth F. Quinto, CPA, City Treasurer
Subject: Investment Report for the Month Ending October 31, 2023 RECOMMENDED ACTION: Receive the Investment Report for the month ending October 31, 2023.

The portfolio is in compliance with the City’s Investment Policy. The City has sufficient liquidity to meet expenditure requirements for at least six months. This monthly Investment Report is in conformance with Government Code 53636, stating the Treasurer may render a quarterly report to the legislative body within 45 days following the end of the quarter covered by the report.

The City’s portfolio is invested in the following categories:

Cash and Cash Equivalents 13.24%
U.S. Treasury 75.47%
U.S. Agencies 0.00%
Certificates of Deposit 11.29%
Investments month to month:

Investment
Issuer/Instrument Type
September 30, 2023 October 31, 2023
Amount
(in millions) Yield(A) %
Amount
(in millions) Yield(A) %
Operating Cash Cash $ 9.43 4.68% 9.47% $ 5.84 4.68% 6.06% LAIF Cash $ 2.04 3.50% 2.05% $ 2.14 3.79% 2.23%
CDs Investment $10.86 4.68% 10.91% $10.87 4.68% 11.29%
Treasury Bills Investment $10.13 5.12% 10.18% $ 0.00 0.00% 0.00% Treasury Notes Investment $62.31 4.20% 62.61% $72.66 4.41% 75.47% Money Market Cash $ 4.76 5.13% 4.79% $ 4.77 5.15% 4.95% Blended Yield 4.42% 4.48%
Total Duration(Years) 1.12 1.23
(A)Yield is based on Purchase Yield for Treasury Bills
2-Year U.S. Treasury Note Benchmark, as of October 31, 2023: 5.07% The fair market value of all investments held by the City is $96,275,848 as of October 31, 2023.

ATTACHMENTS:

1. City of Malibu Portfolio Statement

2. City of Malibu Investment Portfolio Report
City Council Meeting
12-11-23
Item

3.B.4.

November 1, 2023
Portfolio Report
Prepared for: City of Malibu
Prepared by: William Gomberg
Managing Partner
Gomberg/McQuilkin Wealth Mangement Group
701 S. Parker Street
Suite 2500
Orange, CA 92868
This report is prepared by your Financial Advisor using software provided by Wells Fargo Advisors. Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), a registered broker-dealer and nonbank affiliate of Wells Fargo and Company. WFAFN uses the trade name Wells Fargo Advisors. © 2023. London Stock Exchange Group. All rights reserved. Page 1 of 39 Portfolio Reports City of Malibu
Table Of Contents
Cover Page 1
Accounts Included in the Report 3
Portfolio Summary 4
Portfolio Summary - Security Detail 5
Portfolio Estimated Income 8
Fixed Income Overview 10
Fixed Income Statistics 13
Fixed Income Credit 20
Fixed Income Analytics 21
Ratings Distribution 22
Redemption Distribution 24
Redemption Distribution Rolling 12 Months 26
Duration Distribution 28
Coupon Distribution 30
Understanding Your Portfolio 32
Disclosures 35
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 2 of 39 Portfolio Reports City of Malibu
Accounts Included in the Report
Account Number Account Name Account Nickname Tax Status Int/Ext Last Updated XXXX7847 CITY OF MALIBU Exempt Internal 10/31/2023
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 3 of 39 Portfolio Reports City of Malibu
Portfolio Summary
By: Security Sub Type
Bond (94.60%)
Fund (5.24%)
Cash Alternative (0.16%)
Total
$ %
Bond 83,528,522 94.6%
CITY OF MALIBU (XXXX7847) 83,528,522 94.6%
Fund 4,627,583 5.2%
CITY OF MALIBU (XXXX7847) 4,627,583 5.2%
Cash Alternative 137,546 0.2%
CITY OF MALIBU (XXXX7847) 137,546 0.2%
Portfolio Summary Total 88,293,651 100.0%
Total Portfolio Value as of 10/31/23:__$ 88,293,651
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 4 of 39 Portfolio Reports City of Malibu
Portfolio Summary - Security Detail
By: Security Sub Type
Bond (94.60%)
Fund (5.24%)
Cash Alternative (0.16%)
Total
ID Description Quantity Price $ %
Bond 83,528,522 94.6%
CITY OF MALIBU (XXXX7847) 83,528,522 94.6%
02007GM34 ALLY BANK 5.25% 032425 250,000 99.41 248,515 0.3% 02589ABV3 AMERICAN 2.05% 032425 200,000 95.16 190,324 0.2% 02589AET5 AMERICAN E 5.1% 052324 50,000 99.70 49,851 0.1% 045491NU7 ASSOCIATE 5.15% 052124 250,000 99.73 249,333 0.3% 05961SQX5 BANC CALIF NA 5.1%112723 250,000 99.98 249,943 0.3% 06251A5N6 BANK HAPO 5.05% 112624 250,000 99.28 248,190 0.3% 062683HE0 BANK HOPE 5.25% 122623 250,000 99.97 249,923 0.3% 06051VT89 BANK OF A 5.15% 052324 250,000 99.73 249,323 0.3% 06063HRH8 BANK OF BA 5.5% 092724 250,000 99.76 249,388 0.3% 06428FH26 BANK OF C 5.15% 112423 250,000 99.98 249,958 0.3% 06418CHC3 BANK OZK 5% 012224 250,000 99.90 249,750 0.3% 06740KRN9 BARCLAYS B 5.4% 032124 250,000 99.93 249,813 0.3% 07371DRD1 BEAL BANK 4.75% 022124 250,000 99.75 249,373 0.3% 05600XQK9 BMO HARRI 4.85% 052725 250,000 98.73 246,833 0.3% 05580AX58 BMW BK N A 5.1% 091725 250,000 98.99 247,463 0.3% 10421AAB3 BRADESCO B 5.2% 030424 250,000 99.89 249,733 0.3% 14042RLZ2 CAPITAL ONE 2.5% 061924 250,000 98.09 245,215 0.3% 15118RTH0 CELTIC BANK 2% 122727 250,000 87.27 218,178 0.2% 15987UAU2 CHARLES S 5.35% 032224 250,000 99.85 249,613 0.3% 75524KQH0 CITIZENS B 5.3% 032124 250,000 99.89 249,720 0.3% 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 5 of 39 Portfolio Reports City of Malibu
Total
ID Description Quantity Price $ %
99000QQW7 COMENITY BANK 2% 031826 200,000 92.16 184,328 0.2% 20033AZ58 COMENITY C 2.5% 062724 125,000 98.00 122,505 0.1% 200339FB0 COMERICA 5.25% 093024 250,000 99.58 248,955 0.3% 23204HNC8 CUSTOMERS 4.7% 081624 250,000 99.20 247,995 0.3% 254673Z66 DISCOVER 4.95% 111626 200,000 99.35 198,702 0.2% 337158AV1 FIRST HOR 5.15% 112423 250,000 99.98 249,958 0.3% 359899AN1 FULTON BA 5.35% 062424 250,000 99.86 249,648 0.3% 38150VHQ5 GOLDMAN SACH 5% 052224 250,000 99.65 249,128 0.3% 41024LBS7 HANCOCK W 5.25% 022624 250,000 99.92 249,788 0.3% 42234FDP8 HEARTLAND 5.45% 042924 250,000 99.99 249,963 0.3% 564759RJ9 MANUF & TR 4.9% 120924 250,000 99.15 247,875 0.3% 60685BQB0 MIZRAHI T 5.15% 113023 250,000 99.98 249,948 0.3% 60700PB26 MIZUHO BK 5.0% 112423 250,000 99.97 249,933 0.3% 61760ASZ3 MORGAN ST 3.55% 120623 250,000 99.79 249,478 0.3% 61690DEM6 MORGAN STA 5.5% 092624 250,000 99.76 249,388 0.3% 67523TCE1 OCEANFIRS 5.15% 032124 250,000 99.83 249,580 0.3% 759701BH7 RENASANT B 5.3% 032124 250,000 99.89 249,720 0.3% 80280JVQ1 SANTANDER 5.25% 031524 250,000 99.88 249,690 0.3% 856285V81 STATE BAN 4.95% 120225 250,000 98.68 246,690 0.3% 87165HX21 SYNCHRONY BA 5% 032426 250,000 98.95 247,370 0.3% 88241TMC1 TEXAS EXC 1.10% 102926 250,000 88.72 221,808 0.3% 898401DA9 TRUSTMARK BK 5.15%112723 250,000 99.98 249,953 0.3% 90348JX96 UBS BANK 1.15% 120826 250,000 88.42 221,043 0.3% 90354KBV9 US BANK NA 5.1% 052324 250,000 99.70 249,255 0.3% 91282CFK2 UST NTS 3.5 091525 19,120,000 97.13 18,570,300 21.0% 91282CCW9 UST NTS .75% 083126 4,000,000 89.11 3,564,360 4.0% 91282CEF4 UST NTS 2.5% 033127 4,000,000 92.62 3,704,840 4.2% 91282CEK3 UST NTS 2.5% 043024 1,000,000 98.53 985,270 1.1% 91282CCX7 UST NTS .375% 091524 4,000,000 95.68 3,827,000 4.3% 912828B66 UST NTS 2.75% 021524 4,422,000 99.22 4,387,420 5.0% 91282CDZ1 UST NTS 1.5% 021525 5,215,000 95.27 4,968,487 5.6% 9128283D0 UST NTS 2.25% 103124 10,360,000 96.91 10,039,876 11.4% 91282CGD7 UST NTS 4.25% 123124 4,290,000 98.72 4,235,174 4.8% 91282CED9 UST NTS 1.75% 031525 9,330,000 95.36 8,897,368 10.1% 912828W71 UST NTS 2.125% 033124 4,000,000 98.64 3,945,440 4.5% 9128286L9 UST NTS 2.25% 033126 4,000,000 93.86 3,754,520 4.3% 91282CFH9 UST NTS 3.125% 083127 1,894,000 93.91 1,778,580 2.0% 947547US2 WEBBANK 5.25% 031924 250,000 99.87 249,678 0.3% 949764CT9 WELLS FARG 4.9% 052325 250,000 98.83 247,083 0.3% Fund 4,627,583 5.2%
CITY OF MALIBU (XXXX7847) 4,627,583 5.2%
FRSXX FIDELITY TREAS INSTL 4,627,583 1.00 4,627,583 5.2% 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 6 of 39 Portfolio Reports City of Malibu
Total
ID Description Quantity Price $ %
Cash Alternative 137,546 0.2%
CITY OF MALIBU (XXXX7847) 137,546 0.2%
- Cash Alternative 137,546 1.00 137,546 0.2%
Portfolio Summary Total 88,293,651 100.0%
Total Portfolio Value as of 10/31/23:__$ 88,293,651
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 7 of 39 Portfolio Reports City of Malibu
Portfolio Estimated Income
By: Account Tax Status,Tax Type,Security Sub Type
Based on current income rates
0 100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
Est Income($)
Nov
2023
Dec
2023
Jan
2024
Feb
2024
Mar
2024
Apr
2024
May
2024
Jun
2024
Jul
2024
Aug
2024
Sep
2024
Oct
2024
Month
Tax Exempt Accounts Unassigned
Sec
Nov 2023 Dec 2023 Jan 2024 Feb 2024 Mar 2024 Apr 2024 May 2024 Jun 2024 Jul 2024 Aug 2024 Sep 2024 Oct 2024 Estimated
Income
Annualzd($)
Tax Exempt
Accounts 60 79,738 144,445 23,508 194,667 713,505 159,523 93,160 129,089 22,108 111,746 596,411 138,658 2,406,556 Taxable 47 79,738 53,282 23,508 50,159 152,267 30,473 93,160 37,927 22,108 28,040 77,673 22,108 670,441 Corporate
Bond 46 59,839 33,384 3,610 30,260 132,369 10,574 73,261 18,028 2,209 8,142 57,775 2,209 431,658 Money Market
Fund 1 19,899 19,899 19,899 19,899 19,899 19,899 19,899 19,899 19,899 19,899 19,899 19,899 238,783 Federal 13 91,163 144,509 561,238 129,050 91,163 83,706 518,738 116,550 1,736,115 Government
Bond 13 91,163 144,509 561,238 129,050 91,163 83,706 518,738 116,550 1,736,115 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 8 of 39 Portfolio Reports City of Malibu
Sec
Nov 2023 Dec 2023 Jan 2024 Feb 2024 Mar 2024 Apr 2024 May 2024 Jun 2024 Jul 2024 Aug 2024 Sep 2024 Oct 2024 Estimated
Income
Annualzd($)
Unassigned 1 0
Not Available 1 0
Cash
Alternative 1 0
Portfolio
Estimated Income
Total
61 79,738 144,445 23,508 194,667 713,505 159,523 93,160 129,089 22,108 111,746 596,411 138,658 2,406,556 Total Portfolio Value as of 10/31/23:__$ 88,293,651
This report is not a substitute for official tax reporting. This report separates the holdings, first based on the taxability at the account level. The secondary aggregation is Tax Type which is used to aggregate securities based on their assumed taxability of income (interest and dividends) at the time of this report. Classifications are made by data sources we deem reliable; however, we do not guarantee the accuracy of these classifications. Most securities are subject to capital gains taxes and some may be considered in calculations for Alternative Minimum Tax (AMT) that are not so designated here. This report does not attempt to portray phantom income (income accreted or accrued but not paid) on discount or zero coupon securities. You should consult with your tax advisor regarding the taxability of your holdings.

The following tax type classifications may be included in this report: AMT - subject to Alternative Minimum Tax; Dividend - taxable as dividend income; Federal - income taxable by federal government (state and local income taxes may not apply); Non-Federal - income non-taxable by federal government but may be subject to state and local taxes; Taxable - income taxable by federal, state and local taxes; and Not Available - taxability undetermined.

Estimated Income Annualized (EIA) takes your current income, based on the current dividends or interest paid by your securities and multiplies it to create an annualized hypothetical figure. It does not reflect actual or future performance and should not be relied upon when making financial decisions. All annualizations are based upon current positions using a simple mathematical calculation and assumes all figures remain constant for a year; any subsequent position changes will affect these calculations. Calculations for certain types of securities could include a return of principal or capital gain, in which case the figures would be overstated. Past performance is not a guarantee of future results. Dividend payments are made solely at the discretion of the issuer and are subject to be changed or eliminated at any time. Estimated Income is an estimate and the actual income might be lower or higher than the estimated amount. Estimated Income reflects only the income generated by an investment. It does not reflect changes in price, which may fluctuate.

This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 9 of 39 Portfolio Reports City of Malibu
Fixed Income Overview
Security Sub Type Composite Ratings Estimated Income Annualized Security Sub Type Market Value($) % Fxd Inc
Government Bond 72,658,634 87.0%
Corporate Bond 10,869,888 13.0%
Security Sub Type Total 83,528,522 100.0%
Composite Ratings % Fxd Inc
Treasury 87.0%
CDs 13.0%
Agency
AAA
AA
A
BBB
Below Inv Grade
N/A
Total 100.0%
Month Estimated Income Annualized($)
Nov 2023 59,839
Dec 2023 124,546
Jan 2024 3,610
Feb 2024 174,769
Mar 2024 693,606
Apr 2024 139,624
May 2024 73,261
Jun 2024 109,190
Jul 2024 2,209
Aug 2024 91,848
Sep 2024 576,512
Oct 2024 118,759
Total 2,167,773
Taxable 2,167,773
Tax Exempt
Subject to AMT
Bond Statistics
Statistic Taxable Tax Exempt
Coupon 2.751%
Yield to Worst 5.27%
Yield at Purchase 4.28%
Total Duration: 1.5
The asset classification of Corporate Bonds includes holdings of Certificates of Deposit. Funds include open end mutual funds, exchange-traded funds, closed end funds. For specific ratings for each security, please refer to either Fixed Income Statistics or Fixed Income Credit reports.

CDs are subject to insurance limits through FDIC. Please see Understanding Your Portfolio for information on specific limits to FDIC insurance.

Composite Ratings and Bond Statistics sections do not include bond funds. Bond Statistics are weighted averages based on market value of bonds in the portfolio. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 10 of 39 Portfolio Reports City of Malibu
This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 11 of 39 Portfolio Reports City of Malibu
Fixed Income Overview - continued
Bond Term vs. Duration
0 10
20 30
40 50
60 70
80 90
100
% of Bonds
Short
0 to <5
Intermediate
5 to <10
Long
10+
N/A
Bond Duration
Bond Term vs. Duration
Total Portfolio Value as of 10/31/23 : $ 88,293,651 Callable Analysis Bond term indicates years to redemption date as defined in the Understanding Your Portfolio section. Mortgage-backed securities (MBSs) include asset-backed securities (ABSs), passthroughs and collateralized mortgage obligations (CMOs). For MBSs, the full market value is displayed at the average life of each security, when available. Duration indicates calculated option adjusted duration. 'Bonds' include preferred stocks.

In the Callable Analysis chart, MBS includes all prepaying securities. Callable value applies next call price and date to the remaining principal. Call premiums may decline subsequent to the initial call date. Extraordinary call features may exist that are not represented in this report.

Bond Term vs. Duration and Callable Analysis sections do not include bond funds.

Callable Value($) Market Value($)
MBS
0 to <1 yrs 250,000 221,808
1 to <2 yrs
2 to <3 yrs
3 to <4 yrs
4 to <5 yrs
5 to <7 yrs
7+ yrs
Not Available
Non-Callable 83,306,714
Total 250,000 83,528,522
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 12 of 39 Portfolio Reports City of Malibu
Fixed Income Statistics
By: Asset Class Sub Type,Security Type Detail
Subtotals and totals are weighted averages based on market value Qty / Face Description Moody's Coupon Redemption Mkt Price Mkt Value($) Yld Price Duration Dur Cont Rem Prin Detail S&P Cpn Type Next Call Adj Price Gain/Loss($) YTW Convexity % Fxd Inc Factor ID Enhance Call Price Orig Price Purch Yld YTM % Port U.S. Taxable Investment Grade Fixed
Income 2.751% 83,528,522 1.5 1.5
-757,636 5.27% 0.0 100.0%

4.28% 5.27% 94.6%
Treasury Note 2.462% 72,658,634 1.6 1.4
-602,523 5.23% 0.0 87.0%

4.21% 5.23% 82.3%
-
4,422,000 US TREASURY AAA 2.750% 02/15/24 M 99.22 4,387,420 99.00 0.4 0.0 NOTES Fixed 98.54 30,000 5.49%M 0.0 5.3%
912828B66 98.54 5.06% 5.49% 5.0%
4,000,000 US TREASURY AAA 2.125% 03/31/24 M 98.64 3,945,440 98.36 0.5 0.0 NOTES Fixed 98.15 19,312 5.53%M 0.0 4.7%
912828W71 98.15 3.95% 5.53% 4.5%
1,000,000 US TREASURY AAA 2.500% 04/30/24 M 98.53 985,270 98.30 0.6 0.0 NOTES Fixed 97.93 5,941 5.52%M 0.0 1.2%
91282CEK3 97.93 4.75% 5.52% 1.1%
4,000,000 US TREASURY AAA 0.375% 09/15/24 M 95.68 3,827,000 95.29 0.9 0.0 NOTES Fixed 95.07 24,180 5.51%M 0.0 4.6%
91282CCX7 95.07 3.79% 5.51% 4.3%
10,360,000 US TREASURY AAA 2.250% 10/31/24 M 96.91 10,039,876 96.68 1.0 0.1 NOTES Fixed 97.01 -10,477 5.46%M 0.0 12.0%
9128283D0 97.01 5.46% 11.4%
4,290,000 US TREASURY AAA 4.250% 12/31/24 M 98.72 4,235,174 98.65 1.2 0.1 NOTES Fixed 98.89 -7,146 5.38%M 0.0 5.1%
91282CGD7 98.89 5.38% 4.8%
5,215,000 US TREASURY AAA 1.500% 02/15/25 M 95.27 4,968,487 94.99 1.3 0.1 NOTES Fixed 95.21 3,238 5.34%M 0.0 5.9%
91282CDZ1 95.21 4.82% 5.34% 5.6%
4,000,000 US TREASURY AAA 1.750% 03/15/25 M 95.36 3,814,520 95.09 1.4 0.1 NOTES Fixed 96.35 -39,675 5.30%M 0.0 4.6%
91282CED9 96.35 3.66% 5.30% 4.3%
5,330,000 US TREASURY AAA 1.750% 03/15/25 M 95.36 5,082,848 95.09 1.4 0.1 NOTES Fixed 95.31 2,693 5.30%M 0.0 6.1%
91282CED9 95.31 4.84% 5.30% 5.8%
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 13 of 39 Portfolio Reports City of Malibu
Qty / Face Description Moody's Coupon Redemption Mkt Price Mkt Value($) Yld Price Duration Dur Cont Rem Prin Detail S&P Cpn Type Next Call Adj Price Gain/Loss($) YTW Convexity % Fxd Inc Factor ID Enhance Call Price Orig Price Purch Yld YTM % Port 4,000,000 US TREASURY AAA 3.500% 09/15/25 M 97.13 3,885,000 97.07 1.9 0.1 NOTES Fixed 99.85 -109,132 5.09%M 0.0 4.7%
91282CFK2 99.85 3.56% 5.09% 4.4%
15,120,000 US TREASURY AAA 3.500% 09/15/25 M 97.13 14,685,300 97.07 1.9 0.3 NOTES Fixed 97.78 -99,775 5.09%M 0.0 17.6%
91282CFK2 97.78 4.62% 5.09% 16.6%
4,000,000 US TREASURY AAA 2.250% 03/31/26 M 93.86 3,754,520 93.84 2.4 0.1 NOTES Fixed 96.38 -100,862 4.90%M 0.1 4.5%
9128286L9 96.38 3.51% 4.90% 4.3%
4,000,000 US TREASURY AAA 0.750% 08/31/26 M 89.11 3,564,360 89.05 2.8 0.1 NOTES Fixed 91.08 -78,647 4.83%M 0.1 4.3%
91282CCW9 91.08 3.52% 4.83% 4.0%
4,000,000 US TREASURY AAA 2.500% 03/31/27 M 92.62 3,704,840 92.89 3.3 0.1 NOTES Fixed 96.45 -153,292 4.73%M 0.1 4.4%
91282CEF4 96.45 3.45% 4.73% 4.2%
1,894,000 US TREASURY AAA 3.125% 08/31/27 M 93.91 1,778,580 94.38 3.6 0.1 NOTES Fixed 98.60 -88,882 4.72%M 0.2 2.1%
91282CFH9 98.60 3.47% 4.72% 2.0%
Certificates of Deposit 4.683% 10,869,888 0.9 0.1
-155,113 5.53% 0.0 13.0%

4.68% 5.53% 12.3%
-
250,000 BANK OF CHINA/NEW YOR
CD 5.150% 11/24/23 M 99.98 249,958 99.94 0.1 0.0
NEW YORK NY ACT/365 Fixed 100.00 -43 5.46%M 0.0 0.3%
06428FH26 FDIC 100.00 5.15% 5.46% 0.3%
250,000 FIRST HORIZON BANK CD 5.150% 11/24/23 M 99.98 249,958 99.94 0.1 0.0 MEMPHIS TN ACT/365 Fixed 100.00 -43 5.46%M 0.0 0.3%
337158AV1 FDIC 100.00 5.15% 5.46% 0.3%
250,000 MIZUHO BANK USA CD 5.000% 11/24/23 M 99.97 249,933 99.92 0.1 0.0 NEW YORK NY ACT/365 Fixed 100.00 -68 5.47%M 0.0 0.3%
60700PB26 FDIC 100.00 5.00% 5.47% 0.3%
250,000 BANC CALIF NA CD 5.100% 11/27/23 M 99.98 249,943 99.93 0.1 0.0 IRVINE CA ACT/365 Fixed 100.00 -58 5.47%M 0.0 0.3%
05961SQX5 FDIC 100.00 5.10% 5.47% 0.3%
250,000 TRUSTMARK NATL BK CD 5.150% 11/27/23 M 99.98 249,953 99.94 0.1 0.0 JACKSON MISS ACT/365 Fixed 100.00 -48 5.47%M 0.0 0.3%
898401DA9 FDIC 100.00 5.15% 5.47% 0.3%
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 14 of 39 Portfolio Reports City of Malibu
Qty / Face Description Moody's Coupon Redemption Mkt Price Mkt Value($) Yld Price Duration Dur Cont Rem Prin Detail S&P Cpn Type Next Call Adj Price Gain/Loss($) YTW Convexity % Fxd Inc Factor ID Enhance Call Price Orig Price Purch Yld YTM % Port 250,000 MIZRAHI TEFAHOT BANK/
CD 5.150% 11/30/23 M 99.98 249,948 99.94 0.2 0.0
LOS ANGELES CA ACT/365 Fixed 100.00 -53 5.47%M 0.0 0.3% 60685BQB0 FDIC 100.00 5.15% 5.47% 0.3%
250,000 MORGAN STANLEY PVT BK
CD 3.550% 12/06/23 M 99.79 249,478 99.64 0.2 0.0
PURCHASE NY ACT/365 Fixed 100.00 -523 5.59%M 0.0 0.3%
61760ASZ3 FDIC 100.00 3.55% 5.59% 0.3%
250,000 BANK HOPE CD 5.250% 12/26/23 M 99.97 249,923 99.92 0.2 0.0 LOS ANGELES CA ACT/365 Fixed 100.00 -78 5.47%M 0.0 0.3% 062683HE0 FDIC 100.00 5.25% 5.47% 0.3%
250,000 BANK OZK CD 5.000% 01/22/24 M 99.90 249,750 99.86 0.3 0.0 LITTLE ROCK AR ACT/365 Fixed 100.00 -250 5.46%M 0.0 0.3% 06418CHC3 FDIC 100.00 5.00% 5.46% 0.3%
250,000 BEAL BANK USA CD 4.750% 02/21/24 M 99.75 249,373 99.66 0.4 0.0 LAS VEGAS NV ACT/365 Fixed 100.00 -628 5.48%M 0.0 0.3%
07371DRD1 FDIC 100.00 4.75% 5.48% 0.3%
250,000 HANCOCK WHITNEY BANK
CD 5.250% 02/26/24 M 99.92 249,788 99.88 0.4 0.0
GULFPORT MS ACT/365 Fixed 100.00 -213 5.46%M 0.0 0.3%
41024LBS7 FDIC 100.00 5.25% 5.46% 0.3%
250,000 BRADESCO BANK CD 5.200% 03/04/24 M 99.89 249,733 99.85 0.4 0.0 CORAL GABLES FL ACT/365 Fixed 100.00 -268 5.46%M 0.0 0.3% 10421AAB3 FDIC 100.00 5.20% 5.46% 0.3%
250,000 SANTANDER BANK NA CD 5.250% 03/15/24 M 99.88 249,690 99.84 0.4 0.0 WILMINGTON DE ACT/365 Fixed 100.00 -310 5.46%M 0.0 0.3% 80280JVQ1 FDIC 100.00 5.25% 5.46% 0.3%
250,000 WEBBANK CD 5.250% 03/19/24 M 99.87 249,678 99.84 0.4 0.0 SALT LAKE CITY UTACT/365 Fixed 100.00 -323 5.46%M 0.0 0.3% 947547US2 FDIC 100.00 5.25% 5.46% 0.3%
250,000 BARCLAYS BANK/DELAWAR
CD 5.400% 03/21/24 M 99.93 249,813 99.90 0.5 0.0
WILMINGTON DE ACT/365 Fixed 100.00 -188 5.46%M 0.0 0.3% 06740KRN9 FDIC 100.00 5.40% 5.46% 0.3%
250,000 CITIZENS BANK NA/RI CD 5.300% 03/21/24 M 99.89 249,720 99.86 0.5 0.0 PROVIDENCE RI ACT/365 Fixed 100.00 -280 5.46%M 0.0 0.3% 75524KQH0 FDIC 100.00 5.30% 5.46% 0.3%
250,000 OCEANFIRST BANK NA CD 5.150% 03/21/24 M 99.83 249,580 99.79 0.5 0.0 TOMS RIVER NJ ACT/365 Fixed 100.00 -420 5.47%M 0.0 0.3% 67523TCE1 FDIC 100.00 5.15% 5.47% 0.3%
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 15 of 39 Portfolio Reports City of Malibu
Qty / Face Description Moody's Coupon Redemption Mkt Price Mkt Value($) Yld Price Duration Dur Cont Rem Prin Detail S&P Cpn Type Next Call Adj Price Gain/Loss($) YTW Convexity % Fxd Inc Factor ID Enhance Call Price Orig Price Purch Yld YTM % Port 250,000 RENASANT BK TUPELO MS
CD 5.300% 03/21/24 M 99.89 249,720 99.86 0.5 0.0
TUPELO MS ACT/365 Fixed 100.00 -280 5.46%M 0.0 0.3%
759701BH7 FDIC 100.00 5.30% 5.46% 0.3%
250,000 CHARLES SCHWAB BK SSB
CD 5.350% 03/22/24 M 99.85 249,613 99.81 0.5 0.0
RENO NV ACT/365 Fixed 100.00 -388 5.76%M 0.0 0.3%
15987UAU2 FDIC 100.00 5.35% 5.76% 0.3%
250,000 HEARTLAND BANK & TR CD 5.450% 04/29/24 M 99.99 249,963 99.97 0.6 0.0 BLOOMINGTON IL ACT/365 Fixed 100.00 -38 5.50%M 0.0 0.3% 42234FDP8 FDIC 100.00 5.45% 5.50% 0.3%
250,000 ASSOCIATED BK GREEN B
CD 5.150% 05/21/24 M 99.73 249,333 99.69 0.6 0.0
STEVENS POINT WI ACT/365 Fixed 100.00 -668 5.55%M 0.0 0.3% 045491NU7 FDIC 100.00 5.15% 5.55% 0.3%
250,000 GOLDMAN SACHS BK USA
CD 5.000% 05/22/24 M 99.65 249,128 99.59 0.6 0.0
NEW YORK NY ACT/365 Fixed 100.00 -873 5.56%M 0.0 0.3%
38150VHQ5 FDIC 100.00 5.00% 5.56% 0.3%
50,000 AMERICAN EXPR NATL BK
CD 5.100% 05/23/24 M 99.70 49,851 99.65 0.6 0.0
SALT LAKE CTY UT ACT/365 Fixed 100.00 -149 5.56%M 0.0 0.1% 02589AET5 FDIC 100.00 5.10% 5.56% 0.1%
250,000 BANK OF AMERICA NA CD 5.150% 05/23/24 M 99.73 249,323 99.69 0.6 0.0 CHARLOTTE NC ACT/365 Fixed 100.00 -678 5.56%M 0.0 0.3%
06051VT89 FDIC 100.00 5.15% 5.56% 0.3%
250,000 US BANK NATL ASSOC CD 5.100% 05/23/24 M 99.70 249,255 99.65 0.6 0.0 MINNEAPOLIS MN ACT/365 Fixed 100.00 -745 5.56%M 0.0 0.3% 90354KBV9 FDIC 100.00 5.10% 5.56% 0.3%
250,000 CAPITAL ONE NA CD 2.500% 06/19/24 M 98.09 245,215 97.83 0.7 0.0 MCLEAN VA ACT/365 Fixed 100.00 -4,786 5.63%M 0.0 0.3%
14042RLZ2 FDIC 100.00 2.50% 5.63% 0.3%
250,000 FULTON BANK CD 5.350% 06/24/24 M 99.86 249,648 99.83 0.7 0.0 WILLIAMSPORT PA ACT/365 Fixed 100.00 -353 5.59%M 0.0 0.3% 359899AN1 FDIC 100.00 5.35% 5.59% 0.3%
125,000 COMENITY CAPITAL BANK
CD 2.500% 06/27/24 M 98.00 122,505 97.74 0.7 0.0
SALT LAKE CTY UT ACT/365 Fixed 100.00 -2,495 5.65%M 0.0 0.1% 20033AZ58 FDIC 100.00 2.50% 5.65% 0.1%
250,000 CUSTOMERS BANK CD 4.700% 08/16/24 M 99.20 247,995 99.18 0.8 0.0 WEST READING PA ACT/365 Fixed 100.00 -2,005 5.67%M 0.0 0.3% 23204HNC8 FDIC 100.00 4.70% 5.67% 0.3%
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 16 of 39 Portfolio Reports City of Malibu
Qty / Face Description Moody's Coupon Redemption Mkt Price Mkt Value($) Yld Price Duration Dur Cont Rem Prin Detail S&P Cpn Type Next Call Adj Price Gain/Loss($) YTW Convexity % Fxd Inc Factor ID Enhance Call Price Orig Price Purch Yld YTM % Port 250,000 MORGAN STANLEY BK NA
CD 5.500% 09/26/24 M 99.76 249,388 99.81 1.0 0.0
SOUTH JORDAN UT ACT/365 Fixed 100.00 -613 5.70%M 0.0 0.3% 61690DEM6 FDIC 100.00 5.50% 5.70% 0.3%
250,000 BANK OF BARODA CD 5.500% 09/27/24 M 99.76 249,388 99.81 1.0 0.0 NEW YORK NY ACT/365 Fixed 100.00 -613 5.70%M 0.0 0.3%
06063HRH8 FDIC 100.00 5.50% 5.70% 0.3%
250,000 COMERICA BANK TEXAS CD 5.250% 09/30/24 M 99.58 248,955 99.57 1.0 0.0 DALLAS TX ACT/365 Fixed 100.00 -1,045 5.70%M 0.0 0.3%
200339FB0 FDIC 100.00 5.25% 5.70% 0.3%
250,000 BANK HAPOALIM BM NY CD 5.050% 11/26/24 M 99.28 248,190 99.29 1.1 0.0 NEW YORK NY ACT/365 Fixed 100.00 -1,810 5.68%M 0.0 0.3% 06251A5N6 FDIC 100.00 5.05% 5.68% 0.3%
250,000 MANUF & TRADERS TR CO
CD 4.900% 12/09/24 M 99.15 247,875 99.10 1.1 0.0
BUFFALO NY ACT/365 Fixed 100.00 -2,125 5.68%M 0.0 0.3%
564759RJ9 FDIC 100.00 4.90% 5.68% 0.3%
250,000 ALLY BANK CD 5.250% 03/24/25 M 99.41 248,515 99.45 1.4 0.0 BENSALEM PA ACT/365 Fixed 100.00 -1,485 5.65%M 0.0 0.3% 02007GM34 FDIC 100.00 5.25% 5.65% 0.3%
200,000 AMERICAN EXPR NATL BK
CD 2.050% 03/24/25 M 95.16 190,324 94.93 1.4 0.0
SALT LAKE CTY UT ACT/365 Fixed 100.00 -9,676 5.68%M 0.0 0.2% 02589ABV3 FDIC 100.00 2.05% 5.68% 0.2%
250,000 WELLS FARGO BANK NA CD 4.900% 05/23/25 M 98.83 247,083 98.86 1.6 0.0 SIOUX FALLS SD ACT/365 Fixed 100.00 -2,918 5.63%M 0.0 0.3% 949764CT9 FDIC 100.00 4.90% 5.63% 0.3%
250,000 BMO HARRIS BANK NA CD 4.850% 05/27/25 M 98.73 246,833 98.78 1.5 0.0 CHICAGO IL ACT/365 Fixed 100.00 -3,168 5.62%M 0.0 0.3%
05600XQK9 FDIC 100.00 4.85% 5.62% 0.3%
250,000 BMW BK N AMERICA CD 5.100% 09/17/25 M 98.99 247,463 99.11 1.8 0.0 SALT LAKE CTY UT ACT/365 Fixed 100.00 -2,538 5.59%M 0.0 0.3% 05580AX58 FDIC 100.00 5.10% 5.59% 0.3%
250,000 STATE BANK OF INDIA CD 4.950% 12/02/25 M 98.68 246,690 98.78 2.0 0.0 NEW YORK NY ACT/365 Fixed 100.00 -3,310 5.55%M 0.1 0.3% 856285V81 FDIC 100.00 4.95% 5.55% 0.3%
200,000 COMENITY BANK CD 2.000% 03/18/26 M 92.16 184,328 92.39 2.5 0.0 WILMINGTON DE ACT/365 N/A 100.00 -15,672 5.21%M 0.1 0.2% 99000QQW7 FDIC 100.00 2.00% 5.21% 0.2%
250,000 SYNCHRONY BANK CD 5.000% 03/24/26 M 98.95 247,370 98.87 2.3 0.0 DRAPER UT ACT/365 Fixed 100.00 -2,630 5.49%M 0.1 0.3%
87165HX21 FDIC 100.00 5.00% 5.49% 0.3%
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 17 of 39 Portfolio Reports City of Malibu
Qty / Face Description Moody's Coupon Redemption Mkt Price Mkt Value($) Yld Price Duration Dur Cont Rem Prin Detail S&P Cpn Type Next Call Adj Price Gain/Loss($) YTW Convexity % Fxd Inc Factor ID Enhance Call Price Orig Price Purch Yld YTM % Port 250,000 TEXAS EXCHANGE BK SSB
CD 1.100% 10/29/26 M 88.72 221,808 87.87 3.0 0.0
CROWLEY TX ACT/365 Fixed 11/29/23 P 100.00 -28,193 5.39%M 0.1 0.3% 88241TMC1 FDIC 100.00 100.00 1.10% 5.39% 0.3%
200,000 DISCOVER BANK CD 4.950% 11/16/26 M 99.35 198,702 98.79 2.8 0.0 GREENWOOD DE ACT/365 Fixed 100.00 -1,298 5.37%M 0.1 0.2% 254673Z66 FDIC 100.00 4.95% 5.37% 0.2%
250,000 UBS BANK USA CD 1.150% 12/08/26 M 88.42 221,043 87.66 3.1 0.0 SALT LAKE CTY UT ACT/365 Fixed 100.00 -28,958 5.38%M 0.1 0.3% 90348JX96 FDIC 100.00 1.15% 5.38% 0.3%
250,000 CELTIC BANK CD 2.000% 12/27/27 M 87.27 218,178 87.62 4.0 0.0 SALT LAKE CTY UT ACT/365 Fixed 100.00 -31,823 5.27%M 0.2 0.3% 15118RTH0 FDIC 100.00 2.00% 5.27% 0.2%
Fixed Income Statistics Total 2.751% 83,528,522 1.5 1.5 -757,636 5.27% 0.0 100.0%

4.28% 5.27% 94.6%
Total Portfolio Value as of 10/31/23:__$ 88,293,651
Yield Price as of 09/29/23
Rem Prin - Remaining Principal is the amount of principal which, as of a given date, has not yet been paid on a fixed income security (original face value multiplied by the factor).

Factor represents the portion of principal remaining on a security subject to principal prepayments (such as a mortgage-backed security). A factor of .87654321 on an original face of $100,000 would indicate that $87,654.32 in principal remained.

Enhance - Indicates that there is a form of credit enhancement such as collateralization or bond insurance which may vary in credit quality. The ratings displayed are the higher of the credit rating of the bond insurer or of the underlying credit of the issuer. Acronyms indicate insurance or type of collateral. See Understanding Your Portfolio section for more details.

CDs are subject to insurance limits through FDIC. Please see Understanding Your Portfolio for information on specific limits to FDIC insurance.

The coupon rate is the interest rate stated on a bond, note or other fixed income security, expressed as a percentage of the principal. Adjustable rate coupon securities will be shown at the current coupon rate if known; actual coupon rates may vary. There is no assurance that coupons will be paid. Past Performance is not a guarantee of future results. Range Notes will carry a coupon of 0%.

Coupon Types: Adj (Adjustable rate), Fixed (Fixed rate), Step (Step up or down), Struct (Structured Product Securities), Zero (Zero Coupon), PIK (Payment-in-kind) Redemption is the date the security is scheduled to be redeemed. Types: M - maturity, R - refunded, T - mandatory tender/put, P - perpetual (displays date of report plus sixty years), D - Dutch auction or optional tender, A - estimated average life of prepaying securities.

Next call is the next date, prior to maturity, on which a callable security may be redeemed by the issuer. Call Price is the price, specified at issuance, at which a bond or preferred stock can be redeemed.

Call Types: C - Optional Premium Call, P - Optional Par Call.

Adjusted Price is the original price adjusted for accretion for a discount and amortization for a premium.

Purchase Yield is the yield to worst based on original price and purchase date.

Yield Price is the recent market price which is used to calculate yields, duration, convexity, etc. The date of the yield price is displayed beneath the table. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 18 of 39 Portfolio Reports City of Malibu
YTW - Yield to Worst indicates the lowest of yields to calls or the yield to maturity, calculated at yield price and not at current market price. The Yield Code next to YTW indicates the date/price to which the yield has been calculated. Codes: C = next call, P = par call, W = middle call, R = pre-refunding, M = maturity of issue, A = estimated average life on principal paydown securities, T = next mandatory put/tender, F = called in full.

YTM (Yield to Maturity) is calculated to the redemption date based on the yield price and not on current market price.

Duration - Duration, where available, is Modified Duration. It is used to provide a measurement of price volatility. For example, a duration of 4 means that a shift in prevailing rates 100 basis points (1%) in a 1 year period should shift the price in the opposite direction by 4%. Duration will not be calculated on Structured Products or other securities for which required data is not available. Modified Duration, unlike Effective Duration, assumes cash flows do not change and does not take into account embedded call options.

Convexity - Convexity measures the speed with which the duration will change with movements in interest rates. For example, on a bond with negative convexity, the duration will shorten with falling interest rates which will reduce the impact of duration of this security on the portfolio. Convexity is reflected at both the security level and at the subtotal level for fixed income classification calculated as a weighted average.

Duration Contribution - The duration contribution is the impact of this bond's duration on the fixed income portion of the portfolio. Example, if bond has a duration of 3 and its market value is 5% of the fixed income, the duration contribution will be 0.15 (3 x .05).

This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 20 of 39 Portfolio Reports City of Malibu
Fixed Income Analytics
By: Security Type Detail
Subtotals and totals are weighted averages based on market value Securities Weighted Avg Cpn YTW YTM Dur Conv Dur Cont Percent of Fxd Inc Port
Treasury Note 13 2.462% 5.23% 5.23% 1.6 0.0 1.4 87.0% 82.3% Market Value: $ 72,658,634
Certificates of Deposit 46 4.683% 5.53% 5.53% 0.9 0.0 0.1 13.0% 12.3% Market Value: $ 10,869,888
Fixed Income Analytics Total 59 2.751% 5.27% 5.27% 1.5 0.0 1.5 100.0% 94.6% Market Value: $ 83,528,522
Total Portfolio Value as of 10/31/23:__$ 88,293,651
Yield Price as of 09/29/23
The coupon rate is the interest rate stated on a bond, note or other fixed income security, expressed as a percentage of the principal. Variable rate coupon securities will be shown at the current coupon rate if known; actual coupon rates may vary. There is no assurance that coupons will be paid. Past Performance is not a guarantee of future results. Range Notes will carry a coupon of 0%.

Yields, duration, and convexity are reflected at both the subtotal and total levels for fixed income classifications calculated as a weighted average.

YTW - Yield to Worst indicates the lowest of yields to calls or the yield to maturity, calculated at yield price and not at current market price.

YTM (Yield to Maturity) is yield calculated to the redemption date based on the yield price and not on current market price.

Dur - Duration, where available, is Modified Duration. It is used to provide a measurement of price volatility. For example, a duration of 4 means that a shift in prevailing rates 100 basis points (1%) in a 1 year period should shift the price in the opposite direction by 4%. Duration will not be calculated on Structured Products or other securities for which required data is not available. Modified Duration, unlike Effective Duration, assumes cash flows do not change and does not take into account embedded call options.

Conv - Convexity - Convexity measures the speed with which the duration will change with movements in interest rates. For example, on a bond with negative convexity, the duration will shorten with falling interest rates which will reduce the impact of duration of this security on the portfolio. Convexity is reflected at both the security level and at the subtotal level for fixed income classification calculated as a weighted average.

Dur Cont - Duration Contribution - The duration contribution is the impact of this bond's duration on the fixed income portion of the portfolio. Example, if bond has a duration of 3 and its market value is 5% of the fixed income, the duration contribution will be 0.15 (3 x .05).

Yield Price is the recent market price which is used to calculate yields, duration, convexity, etc. The date of this price is noted below the table.

Treasuries are direct U.S. Government securities. Agencies include U.S. Government backed agencies and U.S. Government sponsored entities. Agency securities that are below AAA credit quality will be displayed based on their credit rating. Should the ratings services differ, the Composite Rating will identify the bond in the lower of the two ratings. AAA Composite Ratings are securities rated AAA by one or both services without the credit enhancement of insurance.

The asset classification of Corporate Bonds includes holdings of Certificates of Deposit. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 22 of 39 Portfolio Reports City of Malibu
The coupon rate is the interest rate stated on a bond, note or other fixed income security, expressed as a percentage of the principal. Adjustable rate coupon securities will be shown at the current coupon rate if known; actual coupon rates may vary. There is no assurance that coupons will be paid. Past Performance is not a guarantee of future results. Range Notes will carry a coupon of 0%.

This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 23 of 39 Portfolio Reports City of Malibu
Redemption Distribution
By: Redemption Date
Coupon subtotals and totals are weighted averages based on redemption value 0 10,000
20,000
30,000
40,000
Redem
ption Value($)
(000s)
2023
20242025
202620272028202920302031
20322033
2034
2035
2036
2037
2038
2039
2040
204120422043+Perpetual
Year Redemption Value($) Weighted Avg Cpn Weighted Avg Cpn Remaining
2023 2,000,000 4.938% 2.677%
2024 34,247,000 2.839% 2.657%
2025 35,115,000 2.784% 2.691%
2026 9,150,000 1.662% 2.855%
2027 6,144,000 2.672% 2.733%
Redemption Distribution Total 86,656,000 2.729% 0.000%
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 24 of 39 Portfolio Reports City of Malibu
Mortgage Backed
Securities
Redemption Value (Remaining Principal):__$ 0
Securities with Undefined Redemption Value
Market Value:__$ 0
This report shows the schedule of principal payments of securities calculated as of the date of the report. Payments are not guaranteed. Unforeseen events could occur which could cause the estimated principal payments to differ from stated values. Bonds in default will not display a redemption value. The redemption value applies the redemption price to the remaining principal or the number of shares.

These schedules assume that bonds are not called. Call features may be exercised as stated elsewhere at any time. On Treasury Inflation Index securities (TIPs), we have applied the most recent Index Ratio to the redemption price. Actual redemption value will not be less than the face amount on TIPs if held to maturity. 100% Principal protected structured products (when held to maturity) will be displayed at their face amount as the redemption value.

Mortgage Backed Securities (MBSs) are not represented in this report as it is not possible to accurately predict principal prepayments.

Securities with Undefined Redemption Value, such as mandatory convertible securities and structured products (other than those with 100% principal protection), do not have a defined redemption value and are not represented in the bar charts. The market value of these securities is displayed beneath the table. These securities will display N/A as the redemption value in the year of their scheduled redemption.

This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 25 of 39 Portfolio Reports City of Malibu
Redemption Distribution Rolling 12 Months
By: Security Sub Type
Redemption Values are stated in thousands
0 1,485,000
2,970,000
4,455,000
5,940,000
7,425,000
8,910,000
10,395,000
Est Income($)
Nov
2023
Dec
2023
Jan
2024
Feb
2024
Mar
2024
Apr
2024
May
2024
Jun
2024
Jul
2024
Aug
2024
Sep
2024
Oct
2024
Month
Government Bond Corporate Bond
___Nov
2023
___Dec
2023
___Jan
2024
___Feb
2024
___Mar
2024
___Apr
2024
___May
2024
___Jun
2024
___Jul
2024
___Aug
2024
___Sep
2024
___Oct
2024
Total
Prin($)
Government Bond 4,422 4,000 1,000 4,000 10,360 23,782
Corporate Bond 1,500 500 250 500 2,000 250 1,050 625 250 750 7,675 Redemption Distribution
Rolling 12 Months Total 1,500 500 250 4,922 6,000 1,250 1,050 625 250 4,750 10,360 31,457 Current Market Value of Securities with Undefined Redemption Value:__$ 0 Total Portfolio Value as of 10/31/23:__$ 88,293,651
This report shows the schedule of principal payments of securities calculated as of the date of the report. Payments are not guaranteed. Unforeseen events could occur which could cause the estimated principal payments to differ from stated values. Bonds in default will not display a redemption value. The redemption value applies the redemption price to the remaining principal or the number of shares.

These schedules assume that bonds are not called. Call features may be exercised as stated elsewhere at any time. On Treasury Inflation Index securities (TIPs), we have applied the most recent Index 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 26 of 39 Portfolio Reports City of Malibu
Ratio to the redemption price. Actual redemption value will not be less than the face amount on TIPs if held to maturity. 100% Principal protected structured products (when held to maturity) will be displayed at their face amount as the redemption value.

The asset classification of Corporate Bonds includes holdings of Certificates of Deposit.

Mortgage Backed Securities (MBSs) are not represented in this report as it is not possible to accurately predict principal prepayments.

Securities with Undefined Redemption Value, such as mandatory convertible securities and structured products (other than those with 100% principal protection), do not have a defined redemption value and are not represented in the table. The market value of these securities that have a redemption date within the next 12 months is displayed beneath the table.

This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 27 of 39 Portfolio Reports City of Malibu
Duration Distribution
By: Duration,Security Sub Type
Duration subtotals and totals are weighted averages based on market value 0 10,000
20,000
30,000
40,000
50,000
Market Value ($)
(000s)
<1 1 2 3 4 5 6 7 8 9 10+ N/A
Government Bond Corporate Bond
Duration Market Value($) Weighted Avg
Duration
Weighted Avg
Duration Remaining
< 1 to 1 20,800,618 0.5 1.8
Government Bond 13,145,130 0.6 1.7
Corporate Bond 7,655,489 0.5 1.6
1 to < 2 48,634,176 1.5 1.5
Government Bond 46,711,205 1.5 1.5
Corporate Bond 1,922,972 1.5 1.5
2 to < 3 7,949,280 2.6 1.4
Government Bond 7,318,880 2.6 1.4
Corporate Bond 630,400 2.5 1.5
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 28 of 39 Portfolio Reports City of Malibu
Duration Market Value($) Weighted Avg
Duration
Weighted Avg
Duration Remaining
3 to < 4 5,926,270 3.4 1.3
Government Bond 5,483,420 3.4 1.4
Corporate Bond 442,850 3.1 1.5
4 to < 5 218,178 4.0 1.5
Corporate Bond 218,178 4.0 1.5
Duration Distribution Total 83,528,522 1.5 0.0
On the x -axis: <1 contains duration values less than 1; 1 contains duration values greater than or equal to 1 and less than 2; 2 contains duration values greater than or equal to 2 and less than 3, etc. 10+ contains duration values greater than or equal to ten.

The asset classification of Corporate Bonds includes holdings of Certificates of Deposit.

Weighted Average Duration: Duration is reflected at both the security level and at the subtotal and total levels. At the subtotal and total levels, weighted average duration has been calculated based on the market value of the securities within that grouping.

Weighted Average Duration Remaining is the weighted average duration remaining of the portfolio excluding the security.

The duration distribution will allow you to analyze which securities impact your portfolio for a given range of duration. For example, if you wish to shorten your duration to lessen interest rate risk (i.e. you expect rates to rise), look to the higher duration securities as possible candidates for swapping into shorter duration securities. Conversely, should you wish to increase your portfolio's sensitivity to interest rates (i.e. you expect rates to fall), look to swap shorter duration securities into longer duration securities.

This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 29 of 39 Portfolio Reports City of Malibu
Coupon Distribution
By: Coupon,Coupon Type
Coupon subtotals and totals are weighted averages based on market value 0 5,000
10,000
15,000
20,000
25,000
30,000
Market Value ($)
(000s)
0 1 2 3 4 5 6 7 8+ N/A
Fixed Coupon Not Available
Coupon Market Value($) Weighted Avg Cpn Weighted Avg Cpn Remaining
0 to < 1 7,391,360 0.556% 2.964%
Fixed Coupon 7,391,360 0.556% 2.964%
1 to < 2 14,308,705 1.644% 2.980%
Fixed Coupon 14,308,705 1.644% 2.980%
2 to < 3 27,777,916 2.352% 2.950%
Fixed Coupon 27,593,587 2.354% 2.947%
Not Available 184,328 2.000% 2.753%
3 to < 4 20,598,357 3.468% 2.516%
Fixed Coupon 20,598,357 3.468% 2.516%
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 30 of 39 Portfolio Reports City of Malibu
Coupon Market Value($) Weighted Avg Cpn Weighted Avg Cpn Remaining
4 to < 5 5,919,723 4.422% 2.624%
Fixed Coupon 5,919,723 4.422% 2.624%
5 to < 6 7,532,461 5.208% 2.508%
Fixed Coupon 7,532,461 5.208% 2.508%
Coupon Distribution Total 83,528,522 2.751% 0.000%
On the X-axis, 0% coupon includes all bonds with current coupons of less than 1%; 1% coupon includes bonds with coupons of less than 2% but equal to or greater than 1%, etc.

This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 31 of 39 Portfolio Reports City of Malibu
Understanding Your Portfolio
General Information
Investing involves risk, including the possible loss of principal. This report is intended to provide you with a descriptive overview of your current portfolio. The report may encompass one account or multiple accounts as specified in the report. The material has been prepared or is distributed solely for information purposes and does not supersede the proper use of your Wells Fargo Advisors client statements and/or trade confirmations, which are considered to be the official and accurate records of your account activity. Any market prices are only indications of market values, are subject to change, and may not reflect the value at which the securities could be sold. Reported prices should not be considered actual bids. For these reports, in certain groupings, Corporate Bonds includes Certificates of Deposit. Additionally, the report is prepared as of trade date, rather than settlement date, and may be prepared on a different date than your statement. The information contained in this report may not reflect all holdings or transactions, their costs, or proceeds in your account.

The report may also include information you provided about assets held at other firms. Information on assets held away from Wells Fargo Advisors was provided by you and may not be covered by SIPC. We have relied solely on information from you regarding those assets. We do not verify or confirm those assets held with other firms or affiliates and you are responsible for notifying your Financial Advisor of any changes in your externally held investments including cost basis.

Incomplete or inaccurate cost basis will affect your plan results because the tax assumptions are incorrect. Due to timing issues, if this report includes assets held at a Trust Company, positions and market data should be verified. Before making any decisions please validate your account information with your Financial Advisor. The financial data used to generate this report is provided to Wells Fargo Advisors by third party vendors. While this information is believed to be reliable, it has not been verified. Security ID will be ticker symbol, CUSIP number, Security Number or, if you have provided us with a market value of a generic asset classification type, we will assign a dash.

This report is not complete unless all pages noted are included. For more detailed information, including current pricing, call your Financial Advisor.

To the extent that this report includes fixed income securities, you should be aware that the descriptions of fixed income securities are general in nature and do not reflect important information that you should consider, such as but not limited to, yield, call features, credit quality, and various tax implications. Before making any decisions regarding fixed income investments, contact your advisor to obtain more detailed information regarding specific fixed income securities.

Asset classification of holdings in external accounts where classification is not readily available may be assigned to a multi-asset class category or reassigned into additional asset classes by your Financial Advisor which may not be the most accurate asset class based on the holding's characteristics and risk profile. It is your responsibility to review the asset classification for external accounts and notify us of any changes.

Asset Classes for mutual funds, variable annuities and exchange-traded funds are derived from Morningstar Categories. Underlying holdings classification provided by Morningstar. ©2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

External Accounts Included in Your Report
As a service, we may have included your assets and/or your liabilities held at other financial institutions. We assume no responsibility for the accuracy or completeness of the information you provided either to your Financial Advisor or through any third party aggregation service regarding your assets or liabilities held at other firms. We may update the pricing of these securities; however, there may be cases when updating prices is not possible. In addition, any transactions, values or changes in your external accounts will not be reflected unless you provide updated information to your Financial Advisor. In instances where you use a third party aggregation service, we rely on you to take action when notified by the third party service that updates are needed. The accuracy and completeness of the information you provide may materially affect the results and any recommendations contained in this report.

If we have included or if you have provided us with information on accounts managed by you or an affiliate of Wells Fargo Advisors, including self-directed WellsTrade accounts at Wells Fargo Advisors, and fiduciary accounts at Wells Fargo Bank, N.A., you should understand that Wells Fargo Advisors has no authority to manage, direct or influence the accounts. With respect to such accounts, the Strategic Allocation listed in this report is for informational purposes only and should not be considered a recommendation from Wells Fargo Advisors or your Financial Advisor. The views, opinions, asset allocation models and forecasts may differ from our affiliates.

By providing you this report, neither the firm nor your Financial Advisor is acting as a fiduciary for purposes of ERISA or section 4975 of the Code with respect to any external ERISA-covered employee benefit plan or any external individual retirement account in either the planning, execution or provision of this analysis, unless separately contracted to act as a fiduciary with respect to such an account. Any asset allocation information presented in this report for external 401(k), 403(b), Government 457(b), Defined Benefit Plan, Trustee Defined Profit Sharing Plan or individual retirement accounts is for general asset allocation education and informational purposes only and should not be viewed as fiduciary investment advice.

All yields, durations and convexities are calculated at the "Yield Price" listed on the report. The date of the yield price is stated under the report table. The calculations are updated approximately once per month. Should there be significant changes in interest rates we will update the calculations more frequently. By comparing the yield price to the market price you can see how the market has changed since the calculations. For example, if the market price is greater than the yield price then currently calculated yields would be lower.

Weighted average coupon: At the subtotal and total levels, the weighted average coupon has been calculated based on the market value of the securities within that grouping.

Redemption date indicated is either maturity date (M), pre-refunded date (R), mandatory put or tender date (T), Dutch auction date or optional tender date (D), display date on perpetual securities (sixty years from report date) (P) or the date which would represent the average life of the maturity when measured from the date of this report (A). Because perpetual securities do not have a stated maturity date, we assign a date of sixty years from the date of the report to enable us to provide approximate yields and durations.

Yield to worst is the lowest of all yields to calls or the yield to maturity. Yield to maturity is the yield that would be realized on a fixed income security if it were held to the maturity date. Yield at purchase is calculated based on the purchase date and price of each position (if available) and represents the yield to worst at the time of purchase. At the subtotal and total levels, yields are weighted averages for that grouping. Duration, if available, is option adjusted duration and is used to provide a measurement of price volatility.
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 32 of 39 Portfolio Reports City of Malibu
Enhancements used for this analysis may include Bond Insurance, Federal Deposit Insurance Corporation (FDIC) and escrowed collateral on refunded bonds (typically in US Government securities). The terms of enhancements vary and assumptions cannot be made as to specific issuers or issues. This report is not meant to indicate that "non-enhanced" securities are of lesser credit quality than those with secondary credit enhancement. Insurance pertains to the timely payment of principal and interest by the issuer of the underlying securities and not the price of the bond, which will fluctuate prior to maturity.

Types of enhancements include but are not limited to:

Pre-ref - Indicates that the security has been pre-refunded, is collateralized (typically in US Government Securities) and is scheduled to be redeemed at the stated redemption date.

ETM - Indicates that the security has been escrowed to maturity (collateralized, typically in U.S.

Government securities).

FDIC - Federal Deposit Insurance Corporation
MBIA - Municipal Bond Insurance Association
FGIC - Financial Guaranty Insurance Company
AMBAC - American Municipal Bond Assurance Corporation
FSA - Financial Security Assurance, Inc.

Assured Gty. - Assured Guaranty Corp.

BHAC - Berkshire Hathaway Assurance
CIFG - CIFG Assurance North America, Inc.

AGM(f.FSA) - Assured Guaranty Municipal Corp.

AGC - Assured Guaranty Corp.

NATL-RE(f.MBIA) - National Public Finance Guaranty Corp. (MBIA's public finance subsidiary) Syncora(f.XLCA) - Syncora Guarantee (Formerly XL Capital Assurance).

PSF - Permanent School Fund.

MAC - Municipal Assurance Corp.

BAM - Build America Mutual Assurance Corp.

Q-SBLF - Qualified School Bond Loan Fund.

RADIAN - Radian Group Inc.

ACA - ACA Financial Guaranty Corp.

FHA - Federal Housing Administration.

FHLMC - Federal Home Loan Mortgage Corp.

FNMA - Federal National Mortgage Association.

GNMA - Government National Mortgage Association.

SECT8 - Section 8.

Rating Types: Government/Agencies, Investment Grade, High Yield, Distressed Debt, Defaulted, Not Available, Not Applicable.

Composite Ratings: Treasuries, Agencies, AAA, AA, A, BBB, BB, B, CCC, CC, C, D, and Unrated.

A measure of the quality and safety of a bond, based on the issuer's financial condition. More specifically, an evaluation from a rating service indicating the likelihood that a debt issuer will be able to meet scheduled interest and principal repayments.

AAA Maximum Safety; AA High Grade High Quality; A Upper Medium Grade; BBB Lower Medium Grade; BB Speculative; B Highly Speculative; CCC Substantial Risk; CC Extremely Speculative; C May be in Default; D Default.

Composite Ratings are based on Moody's and Standard & Poor's and reflect the lower of the two rating services if such ratings differ.

Asset Class Descriptions
The asset class descriptions below are included solely to provide insight into how individual securities are tied to specific asset classes. We use our best efforts to correctly classify investments. However, no warranty of accuracy is made.

Alternative investments: Alternative investments, such as hedge funds, private capital, and private real estate funds, are speculative and entail significant risks that can include losses due to leveraging or other speculative investment practices, lack of liquidity, volatility of returns, restrictions on transferring interests in a fund, potential lack of diversification, absence and/or delay of information regarding valuations and pricing, complex tax structures and delays in tax reporting, less regulation, and higher fees than mutual funds. Hedge fund, private capital, and private real estate fund investing involve other material risks, including capital loss and the loss of the entire amount invested. They are intended for qualified, financially sophisticated investors who can bear the risks associated with these investments. Hedge fund strategies, such as Equity Hedge, Event Driven, Macro, and Relative Value, may expose investors to risks such as short selling, leverage, counterparty, liquidity, volatility, the use of derivative instruments, and other significant risks.

Cash alternatives: Each type of cash alternatives, such as bank certificates of deposits, Treasury bills, and ultrashort bond mutual funds, has advantages and disadvantages. They typically offer lower rates of return than longer-term equity or fixed-income securities and may not keep pace with inflation over extended periods of time. While government securities are backed by the full faith and credit of the federal government as to payment of principal and interest if held to maturity and are considered free from credit risk, they are subject to interest rate risk.

Commodities: Exposure to the commodities markets may subject an investment to greater share price volatility than an investment in traditional equity or debt securities. The commodities markets are considered speculative, carry substantial risks, and have experienced periods of extreme volatility. Commodities may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or other factors affecting a particular industry or commodity.

Equities: Equity securities are subject to market risk, which means their value may fluctuate in response to general economic and market conditions and the perception of individual issuers.

Investments in equity securities are generally more volatile than other types of securities. Midand small-cap stocks are generally more volatile, are subject to greater risks, and are less liquid than large-company stocks. Preferred stocks are subject to issuer-specific and market risks. They are generally subordinated to bonds or other debt instruments in an issuer's capital structure, subjecting them to a greater risk of nonpayment than more senior securities.

Fixed income: Investments in fixed-income securities are subject to interest rate, credit/ default, call, liquidity, inflation, and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can result in a decline in the bondâ##s price. Credit risk is the risk that an issuer will default on payments of interest and/or principal.

This risk is heightened in lower-rated bonds. If sold prior to maturity, fixed-income securities are subject to market risk. All fixed-income investments may be worth less than their original cost upon redemption or maturity. Inflation-link fixed-income securities are subject to interest rate risk, especially when real interest rates rise. Municipal bonds offer interest payments exempt from federal taxes, and potentially state and local income taxes. These bonds are subject to interest rate and credit/default risk and potentially the alternative minimum tax (AMT). Quality varies widely depending on the specific issuer. Preferred securities are subject to interest rate and credit risks and are generally subordinated to bonds or other debt instruments in an issuer's capital structure, 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 33 of 39 Portfolio Reports City of Malibu
subjecting them to a greater risk of non-payment than more senior securities. In addition, the issue may be callable which may negatively impact the return of the security. Preferred dividends are not guaranteed and are subject to deferral or elimination.

Foreign investing: Investing in foreign securities presents certain risks not associated with domestic investments, such as currency fluctuation, political and economic instability, and different accounting standards. This may result in greater share price volatility. These risks are heightened in emerging and frontier markets
Infrastructure: Investments in infrastructure companies expose an investment to potentially adverse economic, regulatory, political, and other changes affecting such companies.

Infrastructure companies may also be subject to various other risks, including governmental regulations, high interest costs associated with capital construction programs, costs associated with compliance and changes in environmental regulation, economic slowdown and surplus capacity, competition from other providers of services, and other factors.

Master limited partnerships (MLPs): Investment in master limited partnerships (MLPs) involves certain risks that differ from an investment in the securities of a corporation. MLPs may be sensitive to price changes in oil, natural gas, etc.; regulatory risk; and rising interest rates. A change in the current tax law regarding MLPs could result in the MLP being treated as a corporation for federal income tax purposes, which would reduce the amount of cash flows distributed by the MLP. Other risks include the volatility associated with the use of leverage, volatility of the commodities markets, market risks, supply and demand, natural and man-made catastrophes, competition, liquidity, market price discount from net asset value, and other material risks.

Real estate: Investing in real estate has special risks, including the possible illiquidity of the underlying properties, credit risk, interest rate fluctuations, and the impact of varied economic conditions.

Timberland is an investment in land that produces timber. The two main underlying assets are tree farms and managed natural forests. Returns on Timberland typically come from timber price appreciation, biological growth of trees, and land price appreciation.

Capitalization: Market capitalization definitions differ but one example of capitalization methodology is that of Morningstar, which defines 'large-capitalization' stocks as those stocks that form the top 70% of the market capitalization of the stocks eligible to be included in the Morningstar US Market Index (a diversified broad market index that represents approximately 97% of the market capitalization of publicly traded U.S. Stocks). The Morningstar index methodology defines 'mid-capitalization' stocks as those stocks that form the 20% of market capitalization between the 70th and 90th percentile of the market capitalization and 'small-capitalization' stocks as those stocks that form the 7% of market capitalization between the 90th and 97th percentile of the market capitalization of the stocks eligible to be included in the Morningstar US Market Index Investing in small and mid-cap companies involve additional risks such as limited liquidity and greater volatility.

Term: Short-term bonds have effective maturities of five years or less, intermediate bonds have effective maturities between five and ten years; and long-term bonds have maturities of ten years or longer.

Income from tax exempt bonds is generally free from federal and state taxes for residents of the issuing state. While the interest income is tax-free, capital gains if any are subject to taxes. Income of certain tax-exempt bonds may be subject to the Federal Alternative Minimum Tax (AMT) CAR-0623-03205
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 34 of 39 Portfolio Reports City of Malibu
Disclosures
Asset Class Descriptions
The asset class descriptions below are included solely to provide insight into how individual securities are tied to specific asset classes. We use our best efforts to correctly classify investments. However, no warranty of accuracy is made.

Equities: Equity securities are subject to market risk, which means their value may fluctuate in response to general economic and market conditions and the perception of individual issuers.

This risk is heightened in lower-rated bonds. If sold prior to maturity, fixed-income securities are subject to market risk. All fixed-income investments may be worth less than their original cost upon redemption or maturity. Inflation-link fixed-income securities are subject to interest rate risk, especially when real interest rates rise. Municipal bonds offer interest payments exempt from federal taxes, and potentially state and local income taxes. These bonds are subject to interest rate and credit/default risk and potentially the alternative minimum tax (AMT). Quality varies widely depending on the specific issuer. Preferred securities are subject to interest rate and credit risks and are generally subordinated to bonds or other debt instruments in an issuer's capital structure, subjecting them to a greater risk of non-payment than more senior securities. In addition, the issue may be callable which may negatively impact the return of the security. Preferred dividends are not guaranteed and are subject to deferral or elimination.

Other risks include the volatility associated with the use of leverage, volatility of the commodities markets, market risks, supply and demand, natural and man-made catastrophes, competition, liquidity, market price discount from net asset value, and other material risks.

Annuities:

Annuities are long-term investments and may be subject to market fluctuations and investment risk. Many annuities offer guarantees that provide protection of an income stream or an account value. All guarantees are subject to the claims paying ability of the issuing insurance companies.

Annuity features and benefits vary and all annuity modeling in Envision is based on a set of general product assumptions. For specific details about how your annuity works, consult your annuity policy. Annuity assumptions are based on general product features and benefit modeling assumptions. The actual features and values of your specific contract may vary, and are determined by the contract terms and the underwriting insurance carrier. For the specific details of your features and benefits, please refer to your contract. Any annuity income amounts displayed on this report may not represent the actual amount available under your rider. Please contact the insurance company for specific income amounts available under your policy.

RMD:

Required Minimum Distributions (RMDs) are provided by a source that is deemed to be reliable.

Assets that are held are not included in the RMD calculation. Please note that these calculations are hypothetical and do not replace actual required minimum distribution calculations which should be made each year on an individualized basis.

Investment Interest/Dividends:
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 35 of 39 Portfolio Reports City of Malibu
The Current Year view takes your current income, based on the current dividends or interest paid by your securities and multiplies it to create an annualized hypothetical figure. It does not reflect actual or future performance and should not be relied upon when making financial decisions.

All annualizations are based upon current positions using a simple mathematical calculation and assumes all figures remain constant for a year; any subsequent position changes will affect these calculations. Calculations for certain types of securities could include a return of principal or capital gain, in which case the figures would be overstated. Past performance is not a guarantee of future results. Dividend payments are made solely at the discretion of the issuer and are subject to be changed or eliminated at any time. Estimated Income is an estimate and the actual income might be lower or higher than the estimated amount. Estimated Income reflects only the income generated by an investment. It does not reflect changes in price, which may fluctuate.

Yield assumptions do not apply to Envision and are reflected only in the Income Dashboard.

Adjustments to default yields are permitted within an allowable range and may have been adjusted by your Financial Advisor.

General Information
Most securities are subject to capital gains taxes and some may be considered in calculations for Alternative Minimum Tax (AMT) that are not so designated here. This report does not attempt to portray phantom income (income accreted or accrued but not paid) on discount or zero coupon securities. You should consult with your tax advisor regarding the taxability of your holdings.

The Retirement Spending, Other Goals and Income Sources are based off of your Envision Plan.

However, your FA may have chosen to exclude certain cash flows for the purpose of this report.

Taxes
The tax assumptions are based on US federal and state tax rates. Inflation assumptions are based on historical and expected US inflation assumptions. Therefore, results for non-US residents may not be accurate as the actual tax and inflation rates for countries outside of the US may vary significantly from these assumptions. This report does not account for any currency fluctuations which may affect the relative value of cash flows outside of the United States. These currency fluctuations could significantly impact one's ability to meet financial goals.This report is not a substitute for official tax reporting.

The estimated taxes due calculations follow general US federal tax laws. Estimated taxes are calculated for ordinary income, qualified investment income, as well as gains or losses based off the Income Gap calculated value. The taxes are calculated after deductions (including state taxes) and exemptions are applied to the taxable income. The Income Gap calculated value is the amount of investment principal needed to meet the remainder of the Total Spending Goal after all income is spent.

This report is not a substitute for your own records and the year-end 1099 form. Cost data and acquisition dates provided by you are not verified by our firm. Our firm does not render legal, accounting or tax advice. Please consult your legal tax advisors before taking any action that may have tax consequences.

Effective tax rates may have been adjusted by your Financial Advisor. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 36 of 39 Portfolio Reports City of Malibu
Strategic Allocations (Standard)
Additional firm-sponsored strategic allocation models may be selected for your Investment Plan that may include updated asset allocation assumptions or may vary slightly from these standard strategic allocation models. Please refer to your Current vs. Strategic Allocation page for an illustration of the allocation mix for these models.

Name Conservative
Income
Conservative
Growth &
Income
Conservative
Growth
Moderate
Income
Moderate
Growth &
Income
Moderate
Growth
Aggressive
Income
Aggressive
Growth &
Income
Aggressive
Growth
U.S. Mid Cap
Equities

2.00% 8.00% 13.00% 5.00% 10.00% 14.00% 7.00% 12.00% 16.00% U.S. Large Cap
Equities

12.00% 20.00% 30.00% 16.00% 24.00% 31.00% 19.00% 28.00% 31.00% High Yield Taxable
Fixed Income

3.00% 6.00% 3.00% 4.00% 6.00% 3.00% 6.00% 7.00% 0.00%
Emerging Market
Fixed Income

3.00% 5.00% 0.00% 5.00% 5.00% 0.00% 8.00% 6.00% 0.00%
U.S. Long Term
Taxable Fixed
Income

14.00% 7.00% 3.00% 11.00% 5.00% 0.00% 8.00% 4.00% 0.00% U.S. Intermediate
Term Taxable Fixed
Income

45.00% 23.00% 9.00% 36.00% 18.00% 6.00% 29.00% 12.00% 0.00% U.S. Short Term
Taxable Fixed
Income

17.00% 9.00% 4.00% 13.00% 7.00% 2.00% 10.00% 4.00% 0.00% Commodities 2.00% 4.00% 5.00% 2.00% 4.00% 5.00% 2.00% 4.00% 5.00% Taxable Cash
Alternatives

2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
Emerging Market
Equities

0.00% 4.00% 9.00% 0.00% 5.00% 12.00% 0.00% 6.00% 15.00% Developed Market
ex-U.S. Equities

0.00% 7.00% 14.00% 4.00% 8.00% 15.00% 7.00% 9.00% 18.00% U.S. Small Cap
Equities

0.00% 5.00% 8.00% 2.00% 6.00% 10.00% 2.00% 6.00% 13.00% 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 37 of 39 Portfolio Reports City of Malibu
Strategic Capital Market Assumptions
IMPORTANT: The projections or other information generated by the Capital Market Assumptions regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.

The Capital Market Assumptions (CMAs) are estimates of how asset classes may perform over the long term, covering multiple economic and market cycles.

Expected portfolio statistics assume a broadly diversified allocation, taking into account the expected returns, risks, and correlations of the asset classes within the allocation. To the extent that the investor's portfolio is not as diversified as the assumptions made for the asset class, the return and risk potential for the portfolio may vary significantly from the assumed allocation.

The CMAs used within this illustration are forward looking and based on a building-block approach of risk premiums and represent expected returns over the long term, covering multiple economic and market cycles. The returns for each asset class reflect the premium above the risk-free rate of return (expected inflation and cash premium/discount) that investors are likely to demand in order to compensate for the risk of holding those assets. All expected portfolio return and downside risk calculations are based on the CMAs. These assumptions may differ greatly from the short-term performance and volatility experienced by your actual investment holdings. There are no assurances that the estimates will be achieved. They have been provided as a guide to help you with your investment planning.

Asset Class Downside Risk Average Annual Return1
U.S. Large Cap Equities -15.25% 7.78%
U.S. Mid Cap Equities -15.98% 8.28%
U.S. Small Cap Equities3 -19.77% 8.00%
Developed Market ex-U.S. Equities -17.33% 6.88%
Emerging Market Equities4 -20.91% 7.99%
U.S. Short Term Taxable Fixed Income 0.68% 3.11%
U.S. Intermediate Term Taxable Fixed Income -1.71% 3.89% U.S. Long Term Taxable Fixed Income -8.71% 5.03%
High Yield Taxable Fixed Income2 -7.72% 6.74%
U.S. Short Term Tax Exempt Fixed Income -0.20% 2.64%
U.S. Intermediate Term Tax Exempt Fixed Income -3.09% 3.28% U.S. Long Term Tax Exempt Fixed Income -3.80% 4.47%
High Yield Tax Exempt Fixed Income2 -5.79% 5.82%
Developed Market ex-U.S. Fixed Income -9.63% 2.67%
Emerging Market Fixed Income4 -8.66% 6.49%
Inflation-Linked Fixed Income -8.10% 3.49%
Preferred Stock -12.73% 4.44%
Private Real Estate -11.08% 8.14%
Commodities -15.50% 7.51%
Master Limited Partnerships (MLPs) -16.93% 8.53%
Private Infrastructure -9.72% 8.17%
11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 38 of 39 Portfolio Reports City of Malibu
Asset Class Downside Risk Average Annual Return1
Global Hedge Funds -4.19% 5.89%
Global Liquid Alternatives -2.95% 3.41%
Private Equity -16.99% 12.11%
Private Debt -10.82% 9.07%
Specialty Assets -8.31% 6.50%
Taxable Cash Alternatives 1.68% 2.50%
Tax Exempt Cash Alternatives 1.30% 2.12%
Additional Disclosures
1 The Average Annual Return is time-weighted. It is a measure of the compound rate of growth of the asset class. 2 Various rating services, such as Standard and Poor's and Moody's Investor Service rate the creditworthiness of bonds. Investing in lower-rated debt securities or funds that invest in such securities involves additional risk because of the lower credit quality of the security or fund portfolio. These securities or funds are subject to a higher level of volatility and increased risk of default, or loss of principal. 3 Investing in small companies or mutual funds that invest in small companies involves additional risk. Smaller companies typically have a higher risk of failure and are not as well established as larger blue chip companies. Historically, smaller-company stocks have experienced a greater degree of price volatility than the overall market average. 4 International investing may involve special risks such as currency fluctuation, political instability, and different methods of accounting and reporting requirements. * Hedge Fund Research, Inc. ©2023, www.hedgefundresearch.com Alternative investments carry specific investor qualifications which can include high income and net-worth requirements as well as relatively high investment minimums. They are complex investment vehicles which generally have high costs and substantial risks. They tend to be more volatile than other types of investments and present an increased risk of investment loss. There may also be a lack of transparency as to the underlying assets. Alternative investments are subject to fewer regulatory requirements than mutual funds and other registered investment company products and thus may offer investors fewer legal protections than they would have with more traditional investments. Additionally, there may be no secondary market for alternative investment interests and transferability may be limited or even prohibited. 11/01/2023 © 2023. London Stock Exchange Group. All rights reserved. Page 39 of 39

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In addition, WFCS maintains additional insurance coverage provided through London Underwriters (led by at those prices. Securities listed on a national exchange are priced as of the close of the statement period. Unlisted Lloyd's of London Syndicates). This additional insurance policy becomes available to clients if their SIPC limit is shares may be valued at the current best published "bid-price", and, if none exists, the last reported transaction if exhausted and provides additional protection up to a firm aggregate of $1 billion, including up to $1.9 million for cash occurring within the last 45 days. Prices of securities not actively traded may not be available and are indicated by per client. SIPC does not insure the quality of investments or protect against market losses. SIPC only protects the "N/A." Corporate and municipal bonds and other fixed income securities are priced by a computerized pricing service custody function of their members, which means that SIPC works to restore to clients their securities and cash that or, if less actively traded, by utilizing a yield-based matrix system to arrive at an estimated market value. Listed are in their accounts when the member firm liquidation begins. Not all investments are protected by SIPC. In general, options are priced based on the closing "bid-ask" prices and the last reported trade. Mutual fund shares are priced at SIPC does not cover instruments such as unregistered investment contracts, unregistered limited partnerships, fixed net asset value. Shares of direct participation program (DPP) and real estate investment trust (REIT) securities that annuity contracts, escrow receipts, direct investments, currency, commodities or related contracts, hedge funds and are not listed on a national exchange are generally illiquid. Because no trading market exists for these investments, certain other investments. their values are estimated. Unless otherwise indicated, the values shown for DPP and REIT securities have been provided by the management of each program and represent that management's estimate of the investor's interest in Free credit balances: Free credit balances are not segregated and may be used by WFCS in the operation of its the net assets of the program. See statement sections for additional pricing information. Values for hedge funds and business in accordance with applicable laws and regulations. You have the right to receive from us in the course of certain managed futures funds are provided on a month delay basis. Other managed futures funds may be priced normal business operations, subject to any open commitments in any of your accounts, any free credit balances to more frequently. Long-term certificates of deposit (maturity beyond one year from date of issue) are priced using a which you are entitled. market value pricing model. The sale or redemption price of your securities may be higher or lower than the prices Investment objectives/Risk tolerances: Please inform us promptly of any material change that might affect shown on your statement. For an actual quote, contact the individual servicing your account. your investment objectives, risk tolerances or financial situation, or if you wish to impose or change any reasonable Estimated annual income/yield: Estimated Annual Income (EAI), when available, reflects the estimated amount restrictions on the management of your account. A copy of the Investment Advisory Services Disclosure document is you would earn on a security if your current position and its related income remained constant for a year. Estimated available without charge upon request. Please contact the individual denoted on the front of your statement to update Annual Yield (EAY), when available, reflects the current estimated annual income divided by the current value of the your information and to receive a copy of this document. security as of the statement closing date. EAI and EAY are estimates and the actual income and yield might be lower Option accounts: Pursuant to FINRA Rule 2360, option assignment notices are randomly allocated by an or higher than the estimated amounts. EAY reflects only the income generated by an investment. It does not reflect automated process amongst all client short option positions that are subject to exercise, including posi ions changes in its price, which may fluctuate. The information used to derive these estimates is obtained from various established on the day of assignment. Transaction confirmations that were previously furnished to you provides outside vendors; WFCS and Wells Fargo Advisors Financial Network, LLC are not responsible for incorrect or information on commissions and other charges related to your option transaction executions. Details of our random missing estimated annual income and yields. Past performance is not a guarantee of future results. allocation procedures and copies of transaction confirmations are available upon request.

Income summary: The Income summary displays all income as recorded in the tax system as of period end date.

The totals in the Cash flow snapshot may not match the totals in the Income snapshot due to reclassifications or other corrections made in the tax system. Remember, you may have certain products that are not included in these figures and whose income is only available on the tax forms sent to you at year-end. Reclassifications and other tax reporting requirements may alter these numbers both during and after year end. You should rely only on tax reporting documents. Contact your tax advisor if you have any questions about the tax consequences of your brokerage activity.

Texas designation: If you are a resident of Texas who has purchased mutual fund shares, you may designate a representative to receive notification to assist in avoiding escheatment of assets in your investment account to the State of Texas. The designated representative does not have any rights to your account. Please use the Texas Unclaimed Property link (https://claimittexas.org/) to access the Designation of Representative for Notice Request form which you may complete and return to us at ATTN: H0006-08K, 1 N. Jefferson Ave, St. Louis, MO 63103 or return by email at [email protected].

Tax reporting: We are required by federal law to report annually to you and to the Internal Revenue Service (IRS) on Form(s) 1099 interest income, dividend payments and sales proceeds including cost basis information for applicable transactions credited to your account.

SNAPSHOT Page 2 of 25

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Cash flow summary THIS PERIOD THIS YEAR
Opening value of cash and sweep balances $156,019.02
Income and distributions 297,659.51 1,255,862.86
Securities sold and redeemed 14,153,000.00 28,780,522.44 Electronic funds transfers 0.00 85,000,000.00
Other additions 0.00 7.00
Net additions to cash $14,450,659.51 $115,036,392.30
Securities purchased -14,469,132.96 -114,944,681.25
Net subtractions from cash -$14,469,132.96 -$114,944,681.25 Closing value of cash and sweep balances $137,545.57
Income summary * THIS PERIOD THIS YEAR
TAXABLE Money market/sweep funds 2,806.08 19,486.88
Interest 427,975.68 1,414,967.04
Ordinary dividends and ST capital gains 19,810.27 138,143.98 Total taxable income $450,592.03 $1,572,597.90
Total federally tax-exempt income $0.00 $0.00
Total income $450,592.03 $1,572,597.90
* Certain distributions made in he current year are reported as prior year income according to IRS regulations. This may cause a difference between Cash Flow and Income Summary totals.

Gain/loss summary UNREALIZED THIS PERIOD REALIZED THIS YEAR REALIZED Short term (S) -635,512.37 0.00 0.00
Long term (L) -122,123.73 0.00 0.00
Total -$757,636.10 $0.00 $0.00

SNAPSHOT
072 ANCA ANC9
SNAPSHOT Page 3 of 25

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Your Financial Advisor Client service information
WILLIAM GOMBERG 701 S PARKER STREET Client service: 800-266-6263 Phone: 714-497-1366 SUITE 2500 Website: www.wellsfargoadvisors.com ORANGE, CA 92868
Account profile
Full account name: CITY OF MALIBU

RUTH QUINTO
Account type: Brokerage Cash Services For your consideration Brokerage account number: Go paperless. Accessing your account documents online is easy, secure, and Brokerage Cash Services number: costs nothing. Sign on at wellsfargoadvisors.com, go to Portfolio and select Tax status: Non-Profit Statements & Docs, and then click on the Delivery Preferences link. Choose Investment objective/Risk tolerance:* CONSERVATIVE INCOME Paperless - All Docs or view your Delivery Settings details to select specific Time horizon:* INTERMEDIATE (3-5 YEARS) account documents for paperless delivery. If you do not have a Username and Liquidity needs:* MODERATE Password, visit wellsfargoadvisors.com/signup or call 1-877-879-2495 for Cost Basis Election: First in, First out enrollment assistance.

Sweep option: ALLSPRING GOVERNMENT MONEY
MARKET Document delivery status
*For more information, please visit us at: www.wellsfargoadvisors.com/disclosures Paper Electronic Statements: X Available funds Trade confirmations: X
Cash 129,050.00 Tax documents: X
Money market and sweep funds 8,495.57 Shareholder communications: X Available for loan 0.00 Other documents: X
Your total available funds $137,545.57

SNAPSHOT
072 ANCA ANC9

Page 4 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Bond maturity schedule % OF
MATURING IN: AMOUNT MATURING CURRENT VALUE MATURING VALUE under 1 year 21,097,000.00 20,800,618.46 24.35
67,500,00 1 to 5 years 65,559,000.00 62,727,903.49 75.65 6 to 10 years 0.00 0.00 0.00
45,000,00 11 to 15 years 0.00 0.00 0.00
16 to 20 years 0.00 0.00 0.00
21 to 30 years 0.00 0.00 0.00
22,500,00 over 30 years 0.00 0.00 0.00
Total $86,656,000.00 $83,528,521.95 100.00%
0 under 1 1 - 5 6 - 10 11 - 15 16 - 20 21 - 30 Over 30
Years
Additional information

THIS PERIOD THIS YEAR THIS PERIOD THIS YEAR
Accrued interest on purchases -156,649.94 -624,476.56 Gross proceeds 4,000,000.00 9,510,522.44 Portfolio detail
Cash and Sweep Balances
Sweep Balances - You have the right, in the course of normal business operations, to withdraw balances in the Bank Deposit Sweep Program(s) or redeem shares of the money market mutual fund used in the sweep, subject to any open commitments in any of your accounts and have the proceeds returned to your accounts or remitted to you. The money market mutual funds in the sweep reserve the right to require one or more day's prior notice before permitting withdrawals.

Money Market Mutual Fund - Funds seek to preserve a value at $1.00 per share, but it is possible to lose money by investing in these funds. Investments in money market funds are not bank deposits and are not insured by the FDIC or any other government agency. They are instead covered by SIPC. Estimated Annual Yield on money market funds, when available, reflects the current estimated yield for the Interest Period dates displayed. For more complete information, including fees, expenses and risks, please request a prospectus from Your Financial Advisor.
% OF CURRENT EST MATED ESTIMATED CURRENT
DESCRIPTION ACCOUNT MARKET VALUE ANNUAL INCOME YIELD (%) Cash 0.15 129,050.00 0.00 N/A
ALLSPRING 0.01 8,495.57 418.00 4.92

GOVERNMENT MONEY MARKET
Interest Period 10/01/23 - 10/31/23
Total Cash and Sweep Balances 0.16 $137,545.57 $418.00
072 ANCA ANC9
Amount Maturing

Page 5 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Corporate and municipal bonds and other fixed income securities are priced by a computerized pricing service or, for less actively traded issues, by utilizing a yield-based matrix system to arrive at an estimated market value.

Government Bonds

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

US TREASURY
NOTES
CPN 2.750% DUE 02/15/24
DTD 02/15/14 FC 08/15/14
Moody AAA
CUSIP 912828B66
Acquired 06/21/23 S 4.97 4,422,000 98.53 4,357,419.53 99.2180 4,387,419.96 30,000.43 25,774.97 121,605 2.77

US TREASURY
NOTES
CPN 2.125% DUE 03/31/24
DTD 03/31/17 FC 09/30/17
Moody AAA
CUSIP 912828W71
Acquired 03/15/23 S 4.47 4,000,000 98.15 3,926,128.24 98.6360 3,945,440.00 19,311.76 7,431.69 85,000 2.15

US TREASURY
NOTES
CPN 2.500% DUE 04/30/24
DTD 04/30/22 FC 10/31/22
Moody AAA
CUSIP 91282CEK3
Acquired 05/18/23 S 1.12 1,000,000 97.93 979,328.56 98.5270 985,270.00 5,941.44 67.94 25,000 2.53

US TREASURY
NOTES
CPN 0.375% DUE 09/15/24
DTD 09/15/21 FC 03/15/22
Moody AAA
CUSIP 91282CCX7
Acquired 03/15/23 S 4.33 4,000,000 95.07 3,802,819.52 95.6750 3,827,000.00 24,180.48 1,936.81 15,000 0.39

US TREASURY
NOTES
CPN 2.250% DUE 10/31/24
DTD 10/31/17 FC 04/30/18
Moody AAA
CUSIP 9128283D0
Acquired 10/19/23 S 11.37 10,360,000 97.01 10,050,353.13 96.9100 10,039,876.00 -10,477.13 633.42 233,100 2.32 072 ANCA ANC9

Page 6 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Government Bonds continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

US TREASURY
NOTES
CPN 4.250% DUE 12/31/24
DTD 01/03/23 FC 06/30/23
Moody AAA
CUSIP 91282CGD7
Acquired 10/02/23 S 4.80 4,290,000 98.88 4,242,319.62 98.7220 4,235,173.80 -7,145.82 61,435.60 182,325 4.30

US TREASURY
NOTES
CPN 1.500% DUE 02/15/25
DTD 02/15/22 FC 08/15/22
Moody AAA
CUSIP 91282CDZ1
Acquired 08/09/23 S 5.63 5,215,000 95.21 4,965,249.23 95.2730 4,968,486.95 3,237.72 16,580.30 78,225 1.57

US TREASURY
NOTES
CPN 1.750% DUE 03/15/25
DTD 03/15/22 FC 09/15/22
Moody AAA
CUSIP 91282CED9
Acquired 03/15/23 S 4,000,000 96.35 3,854,194.52 3,814,520.00 -39,674.52 Acquired 08/10/23 S 5,330,000 95.31 5,080,154.94 5,082,847.90 2,692.96 Total 10.08 9,330,000 $95.75 $8,934,349.46 95.3630 $8,897,367.90 -$36,981.56 $21,082.21 $163,275 1.84

US TREASURY
NOTES
CPN 3.500% DUE 09/15/25
DTD 09/15/22 FC 03/15/23
Moody AAA
CUSIP 91282CFK2
Acquired 03/15/23 S 4,000,000 99.85 3,994,132.00 3,885,000.00 -109,132.00 Acquired 08/09/23 S 15,120,000 97.78 14,785,075.41 14,685,300.00 -99,775.41 Total 21.03 19,120,000 $18,779,207.4 97.1250 $18,570,300.00 -$208,907.41 $86,407.69 $669,200 3.60 $98.21 1
072 ANCA ANC9

Page 7 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Government Bonds continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

US TREASURY
NOTES
CPN 2.250% DUE 03/31/26
DTD 03/31/19 FC 09/30/19
Moody AAA
CUSIP 9128286L9
Acquired 03/15/23 S 4.25 4,000,000 96.38 3,855,382.00 93.8630 3,754,520.00 -100,862.00 7,868.85 90,000 2.39

US TREASURY
NOTES
CPN 0.750% DUE 08/31/26
DTD 08/31/21 FC 02/28/22
Moody AAA
CUSIP 91282CCW9
Acquired 03/15/23 S 4.04 4,000,000 91.07 3,643,007.00 89.1090 3,564,360.00 -78,647.00 5,109.89 30,000 0.84

US TREASURY
NOTES
CPN 2.500% DUE 03/31/27
DTD 03/31/22 FC 09/30/22
Moody AAA
CUSIP 91282CEF4
Acquired 03/15/23 S 4.20 4,000,000 96.45 3,858,132.00 92.6210 3,704,840.00 -153,292.00 8,743.17 100,000 2.69

US TREASURY
NOTES
CPN 3.125% DUE 08/31/27
DTD 08/31/22 FC 02/28/23
Moody AAA
CUSIP 91282CFH9
Acquired 03/15/23 S 2.01 1,894,000 98.59 1,867,461.42 93.9060 1,778,579.64 -88,881.78 10,081.38 59,188 3.32 Total Government Bonds 82.29 75,631,000 $73,261,157.1 $72,658,634.25 -$602,522.87 $253,153.92 $1,851,918 2.55 2 072 ANCA ANC9

Page 8 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Certificates of Deposit
Long-term certificates of deposit (maturity beyond one year from date of issue) are priced using a market value pricing model.

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%) BANK OF CHINA/NEW YOR CD ^
NEW YORK NY ACT/365

FDIC INSD
CPN 5.150% DUE 11/24/23
DTD 05/24/23 FC 11/24/23
CUSIP 06428FH26
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.9830 249,957.50 -42.50 5,679.11 12,875 5.15 FIRST HORIZON BANK CD ^
MEMPHIS TN ACT/365

FDIC INSD
CPN 5.150% DUE 11/24/23
DTD 05/24/23 FC 11/24/23
CUSIP 337158AV1
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.9830 249,957.50 -42.50 5,679.11 12,875 5.15 MIZUHO BANK USA CD ^
NEW YORK NY ACT/365

FDIC INSURED
CPN 5.000% DUE 11/24/23
DTD 05/24/23 FC 11/24/23
CUSIP 60700PB26
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.9730 249,932.50 -67.50 5,513.70 12,500 5.00 BANC CALIF NA CD ^
IRVINE CA ACT/365

FDIC INSURED
CPN 5.100% DUE 11/27/23
DTD 05/26/23 FC 11/27/23
CUSIP 05961SQX5
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.9770 249,942.50 -57.50 5,554.11 12,750 5.10 TRUSTMARK NATL BK CD ^
JACKSON MISS ACT/365

FDIC INSURED
CPN 5.150% DUE 11/27/23
DTD 05/26/23 FC 11/27/23
CUSIP 898401DA9
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.9810 249,952.50 -47.50 5,608.56 12,875 5.15 072 ANCA ANC9

Page 9 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Certificates of Deposit continued

FDIC INSD
CPN 5.150% DUE 11/30/23
DTD 05/30/23 FC 11/30/23
CUSIP 60685BQB0
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.9790 249,947.50 -52.50 5,467.46 12,875 5.15 MORGAN STANLEY PVT BK CD ^
PURCHASE NY ACT/365

FDIC INSD
CPN 3.550% DUE 12/06/23
DTD 12/06/18 FC 06/06/19
CUSIP 61760ASZ3
Acquired 11/28/18 L 0.28 250,000 100.00 250,000.00 99.7910 249,477.50 -522.50 3,598.64 8,875 3.55 BANK HOPE CD ^
LOS ANGELES CA ACT/365

FDIC INSURED
CPN 5.250% DUE 12/26/23
DTD 03/24/23 FC 12/26/23
CUSIP 062683HE0
Acquired 03/14/23 S nc 0.28 250,000 100.00 250,000.00 99.9690 249,922.50 -77.50 7,982.88 13,125 5.25

BANK OZK CD
LITTLE ROCK AR ACT/365

FDIC INSD
CPN 5.000% DUE 01/22/24
DTD 05/22/23 FC 06/22/23
CUSIP 06418CHC3
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.9000 249,750.00 -250.00 342.47 12,500 5.00

BEAL BANK USA CD
LAS VEGAS NV ACT/365

FDIC INSD
CPN 4.750% DUE 02/21/24
DTD 02/22/23 FC 02/21/24
CUSIP 07371DRD1
Acquired 02/09/23 S nc 0.28 250,000 100.00 250,000.00 99.7490 249,372.50 -627.50 8,198.63 11,875 4.76 072 ANCA ANC9

Page 10 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Certificates of Deposit continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

HANCOCK WHITNEY BANK CD
GULFPORT MS ACT/365

FDIC INSD
CPN 5.250% DUE 02/26/24
DTD 05/25/23 FC 02/26/24
CUSIP 41024LBS7
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.9150 249,787.50 -212.50 5,753.43 13,125 5.25

BRADESCO BANK CD
CORAL GABLES FL ACT/365

FDIC INSD
CPN 5.200% DUE 03/04/24
DTD 06/02/23 FC 03/04/24
CUSIP 10421AAB3
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.8930 249,732.50 -267.50 5,413.70 13,000 5.20

SANTANDER BANK NA CD
WILMINGTON DE ACT/365

FDIC INSD
CPN 5.250% DUE 03/15/24
DTD 03/17/23 FC 03/15/24
CUSIP 80280JVQ1
Acquired 03/15/23 S nc 0.28 250,000 100.00 250,000.00 99.8760 249,690.00 -310.00 8,234.59 13,125 5.25

WEBBANK CD
SALT LAKE CITY UTACT/365

FDIC INSURED
CPN 5.250% DUE 03/19/24
DTD 03/20/23 FC 03/19/24
CUSIP 947547US2
Acquired 03/15/23 S nc 0.28 250,000 100.00 250,000.00 99.8710 249,677.50 -322.50 8,126.71 13,125 5.25

BARCLAYS BANK/DELAWAR CD
WILMINGTON DE ACT/365

FDIC INSD
CPN 5.400% DUE 03/21/24
DTD 03/22/23 FC 03/21/24
CUSIP 06740KRN9
Acquired 03/14/23 S nc 0.28 250,000 100.00 250,000.00 99.9250 249,812.50 -187.50 8,284.94 13,500 5.40 072 ANCA ANC9

Page 11 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Certificates of Deposit continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

CITIZENS BANK NA/RI CD
PROVIDENCE RI ACT/365

FDIC INSD
CPN 5.300% DUE 03/21/24
DTD 03/22/23 FC 03/21/24
CUSIP 75524KQH0
Acquired 03/15/23 S nc 0.28 250,000 100.00 250,000.00 99.8880 249,720.00 -280.00 8,131.51 13,250 5.30

OCEANFIRST BANK NA CD
TOMS RIVER NJ ACT/365

FDIC INSD
CPN 5.150% DUE 03/21/24
DTD 03/22/23 FC 03/21/24
CUSIP 67523TCE1
Acquired 03/15/23 S nc 0.28 250,000 100.00 250,000.00 99.8320 249,580.00 -420.00 7,901.37 12,875 5.15

RENASANT BK TUPELO MS CD
TUPELO MS ACT/365

FDIC INSD
CPN 5.300% DUE 03/21/24
DTD 03/22/23 FC 03/21/24
CUSIP 759701BH7
Acquired 03/15/23 S nc 0.28 250,000 100.00 250,000.00 99.8880 249,720.00 -280.00 8,131.51 13,250 5.30

CHARLES SCHWAB BK SSB CD
RENO NV ACT/365

FDIC INSD
CPN 5.350% DUE 03/22/24
DTD 03/17/23 FC 09/17/23
CUSIP 15987UAU2
Acquired 03/15/23 S 0.28 250,000 100.00 250,000.00 99.8450 249,612.50 -387.50 1,648.97 13,375 5.35

HEARTLAND BANK & TR CD
BLOOMINGTON IL ACT/365

FDIC INSD
CPN 5.450% DUE 04/29/24
DTD 09/27/23 FC 04/29/24
CUSIP 42234FDP8
Acquired 09/20/23 S nc 0.28 250,000 100.00 250,000.00 99.9850 249,962.50 -37.50 1,306.51 13,625 5.45 072 ANCA ANC9

Page 12 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Certificates of Deposit continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

ASSOCIATED BK GREEN B CD
STEVENS POINT WI ACT/365

FDIC INSD
CPN 5.150% DUE 05/21/24
DTD 05/22/23 FC 05/21/24
CUSIP 045491NU7
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.7330 249,332.50 -667.50 5,749.65 12,875 5.16

GOLDMAN SACHS BK USA CD
NEW YORK NY ACT/365

FDIC INSD
CPN 5.000% DUE 05/22/24
DTD 05/24/23 FC 05/22/24
CUSIP 38150VHQ5
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.6510 249,127.50 -872.50 5,513.70 12,500 5.01

AMERICAN EXPR NATL BK CD
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 5.100% DUE 05/23/24
DTD 05/24/23 FC 05/23/24
CUSIP 02589AET5
Acquired 05/18/23 S nc 0.06 50,000 100.00 50,000.00 99.7020 49,851.00 -149.00 1,124.80 2,550 5.11

BANK OF AMERICA NA CD
CHARLOTTE NC ACT/365

FDIC INSD
CPN 5.150% DUE 05/23/24
DTD 05/24/23 FC 05/23/24
CUSIP 06051VT89
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.7290 249,322.50 -677.50 5,679.11 12,875 5.16

US BANK NATL ASSOC CD
MINNEAPOLIS MN ACT/365

FDIC INSD
CPN 5.100% DUE 05/23/24
DTD 05/24/23 FC 05/23/24
CUSIP 90354KBV9
Acquired 05/18/23 S nc 0.28 250,000 100.00 250,000.00 99.7020 249,255.00 -745.00 5,623.97 12,750 5.11 072 ANCA ANC9

Page 13 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Certificates of Deposit continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

CAPITAL ONE NA CD
MCLEAN VA ACT/365

FDIC INSURED
CPN 2.500% DUE 06/19/24
DTD 06/19/19 FC 12/19/19
CUSIP 14042RLZ2
Acquired 06/18/19 L 0.28 250,000 100.00 250,000.93 98.0860 245,215.00 -4,785.93 2,311.64 6,250 2.54 100.00 250,007.00

FULTON BANK CD
WILLIAMSPORT PA ACT/365

FDIC INSD
CPN 5.350% DUE 06/24/24
DTD 03/22/23 FC 09/22/23
CUSIP 359899AN1
Acquired 03/14/23 S 0.28 250,000 100.00 250,000.00 99.8590 249,647.50 -352.50 4,836.98 13,375 5.35

COMENITY CAPITAL BANK CD
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 2.500% DUE 06/27/24
DTD 06/27/19 FC 07/27/19
CUSIP 20033AZ58
Acquired 06/18/19 L 0.14 125,000 100.00 125,000.00 98.0040 122,505.00 -2,495.00 42.81 3,125 2.55

CUSTOMERS BANK CD
WEST READING PA ACT/365

FDIC INSD
CPN 4.700% DUE 08/16/24
DTD 02/16/23 FC 08/16/23
CUSIP 23204HNC8
Acquired 02/09/23 S 0.28 250,000 100.00 250,000.00 99.1980 247,995.00 -2,005.00 2,478.77 11,750 4.73

MORGAN STANLEY BK NA CD
SOUTH JORDAN UT ACT/365

FDIC INSD
CPN 5.500% DUE 09/26/24
DTD 09/27/23 FC 09/26/24
CUSIP 61690DEM6
Acquired 09/20/23 S nc 0.28 250,000 100.00 250,000.00 99.7550 249,387.50 -612.50 1,318.49 13,750 5.51 072 ANCA ANC9

Page 14 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Certificates of Deposit continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

BANK OF BARODA CD
NEW YORK NY ACT/365

FDIC INSD
CPN 5.500% DUE 09/27/24
DTD 09/28/23 FC 09/27/24
CUSIP 06063HRH8
Acquired 09/20/23 S nc 0.28 250,000 100.00 250,000.00 99.7550 249,387.50 -612.50 1,280.82 13,750 5.51

COMERICA BANK TEXAS CD
DALLAS TX ACT/365

FDIC INSD
CPN 5.250% DUE 09/30/24
DTD 03/30/23 FC 09/30/23
CUSIP 200339FB0
Acquired 03/20/23 S 0.28 250,000 100.00 250,000.00 99.5820 248,955.00 -1,045.00 1,150.69 13,125 5.27

BANK HAPOALIM BM NY CD
NEW YORK NY ACT/365

FDIC INSD
CPN 5.050% DUE 11/26/24
DTD 05/26/23 FC 11/26/23
CUSIP 06251A5N6
Acquired 05/18/23 S 0.28 250,000 100.00 250,000.00 99.2760 248,190.00 -1,810.00 5,499.66 12,625 5.08

MANUF & TRADERS TR CO CD
BUFFALO NY ACT/365

FDIC INSD
CPN 4.900% DUE 12/09/24
DTD 12/07/22 FC 06/07/23
CUSIP 564759RJ9
Acquired 11/28/22 S 0.28 250,000 100.00 250,000.00 99.1500 247,875.00 -2,125.00 4,933.56 12,250 4.94

AMERICAN EXPR NATL BK CD
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 2.050% DUE 03/24/25
DTD 03/23/22 FC 09/23/22
CUSIP 02589ABV3
Acquired 03/17/22 L 0.22 200,000 100.00 200,000.00 95.1620 190,324.00 -9,676.00 438.08 4,100 2.15 072 ANCA ANC9

Page 15 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Certificates of Deposit continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

ALLY BANK CD
BENSALEM PA ACT/365

FDIC INSD
CPN 5.250% DUE 03/24/25
DTD 03/23/23 FC 09/23/23
CUSIP 02007GM34
Acquired 03/14/23 S 0.28 250,000 100.00 250,000.00 99.4060 248,515.00 -1,485.00 1,402.40 13,125 5.28

WELLS FARGO BANK NA CD
SIOUX FALLS SD ACT/365

FDIC INSD
CPN 4.900% DUE 05/23/25
DTD 05/23/23 FC 06/23/23
CUSIP 949764CT9
Acquired 05/18/23 S 0.28 250,000 100.00 250,000.00 98.8330 247,082.50 -2,917.50 302.05 12,250 4.95

BMO HARRIS BANK NA CD
CHICAGO IL ACT/365

FDIC INSD
CPN 4.850% DUE 05/27/25
DTD 05/24/23 FC 11/24/23
CUSIP 05600XQK9
Acquired 05/18/23 S 0.28 250,000 100.00 250,000.00 98.7330 246,832.50 -3,167.50 5,348.29 12,125 4.91

BMW BK N AMERICA CD
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 5.100% DUE 09/17/25
DTD 03/17/23 FC 09/17/23
CUSIP 05580AX58
Acquired 03/14/23 S 0.28 250,000 100.00 250,000.00 98.9850 247,462.50 -2,537.50 1,571.92 12,750 5.15

STATE BANK OF INDIA CD
NEW YORK NY ACT/365

FDIC INSD
CPN 4.950% DUE 12/02/25
DTD 12/02/22 FC 06/02/23
CUSIP 856285V81
Acquired 11/28/22 S 0.28 250,000 100.00 250,000.00 98.6760 246,690.00 -3,310.00 5,153.42 12,375 5.01 072 ANCA ANC9

Page 16 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Certificates of Deposit continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

COMENITY BANK CD
WILMINGTON DE ACT/365

JUMBO CD FDIC INSURED
CPN 2.000% DUE 03/18/26
DTD 03/18/22 FC 04/18/22
CUSIP 99000QQW7
Acquired 03/15/22 L 0.21 200,000 100.00 200,000.00 92.1641 184,328.20 -15,671.80 153.43 4,000 2.17

SYNCHRONY BANK CD
DRAPER UT ACT/365

FDIC INSD
CPN 5.000% DUE 03/24/26
DTD 03/24/23 FC 09/24/23
CUSIP 87165HX21
Acquired 03/14/23 S 0.28 250,000 100.00 250,000.00 98.9480 247,370.00 -2,630.00 1,301.37 12,500 5.05

TEXAS EXCHANGE BK SSB CD
CROWLEY TX ACT/365

CALLABLE FDIC INSD
CPN 1.100% DUE 10/29/26
DTD 10/29/21 FC 11/29/21
CALL 11/29/23 @ 100.000
CUSIP 88241TMC1
Acquired 10/22/21 L 0.25 250,000 100.00 250,000.00 88.7230 221,807.50 -28,192.50 22.60 2,750 1.23

DISCOVER BANK CD
GREENWOOD DE ACT/365

FDIC INSD
CPN 4.950% DUE 11/16/26
DTD 11/15/22 FC 05/15/23
CUSIP 254673Z66
Acquired 11/09/22 S 0.23 200,000 100.00 200,000.00 99.3510 198,702.00 -1,298.00 4,610.96 9,900 4.98

UBS BANK USA CD
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 1.150% DUE 12/08/26
DTD 12/08/21 FC 01/08/22
CUSIP 90348JX96
Acquired 11/30/21 L 0.25 250,000 100.00 250,000.00 88.4170 221,042.50 -28,957.50 189.04 2,875 1.30 072 ANCA ANC9

Page 17 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Fixed Income Securities
Certificates of Deposit continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ACCRUED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INTEREST INCOME YIELD (%)

CELTIC BANK CD
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 2.000% DUE 12/27/27
DTD 12/27/19 FC 01/27/20
CUSIP 15118RTH0
Acquired 12/09/19 L 0.25 250,000 100.00 250,000.00 87.2710 218,177.50 -31,822.50 68.50 5,000 2.29 Total Certificates of Deposit 12.31 11,025,000 $11,025,000.9 $10,869,887.70 -$155,113.23 $184,664.62 $512,675 4.72 3 $11,025,007.0
0 Total Fixed Income Securities 94.60 $84,286,158.0 $83,528,521.95 -$757,636.10 $437,818.54 $2,364,593 2.83 5 $84,286,164.1
2 ^ Denotes Certificate of Deposit with a maturity date in the next 60 days. Please contact us for further investment opportunities or any assistance. nc Cost information for this tax lot is not covered by IRS reporting requirements. Unless indicated, cost for all other lots will be reported to the IRS. 072 ANCA ANC9

Page 18 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Mutual Funds
If a portion of your fund position was converted, the 'Client Investment' value may include reinvestments from previously held positions.

Open End Mutual Funds
Open End Mutual Fund shares are priced at net asset value. Estimated Annual Income and Yield refer to Dividends and Interest Income only, and typically do not reflect Total return.

EST MATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INCOME YIELD (%)

FIDELITY FUNDS

FIDELITY TREASURY ONLY

PORT INSTL CLASS SHS
FRSXX
On Reinvestment
Acquired 03/17/23 S nc 4,510,522.44000 1.00 4,510,522.44 4,510,522.44 0.00 Reinvestments S nc 117,060.73000 1.00 117,060.73 117,060.73 0.00 Total 5.24 4,627,583.17000 $1.00 $4,627,583.17 1.0000 $4,627,583.17 $0.00 $238,783 5.16 Client Investment (Excluding Reinvestments) $4,510,522.44 Gain/Loss on Client Investment (Including Reinvestments) $117,060.73 Total Open End Mutual Funds 5.24 $4,627,583.17 $4,627,583.17 $0.00 $238,783 5.16 Total Mutual Funds 5.24 $4,627,583.17 $4,627,583.17 $0.00 $238,783 5.16 nc Cost information for this tax lot is not covered by IRS reporting requirements. Unless indicated, cost for all other lots will be reported to the IRS.

Activity detail
Income and distributions

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 10/02 Cash DIVIDEND FIDELITY FUNDS 19,810.27

FIDELITY TREASURY ONLY

PORT INSTL CLASS SHS
092923 4,607,772.90000
AS OF 9/29/23
072 ANCA ANC9

Page 19 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Activity detail continued
Income and distributions

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 10/02 Cash INTEREST US TREASURY 50,000.00
NOTES
CPN 2.500% DUE 03/31/27
DTD 03/31/22 FC 09/30/22
093023 4,000,000
AS OF 9/30/23
CUSIP 91282CEF4
10/02 Cash INTEREST US TREASURY 5,000.00
NOTES
CPN 0.250% DUE 09/30/23
DTD 09/30/21 FC 03/31/22
093023 4,000,000
AS OF 9/30/23
CUSIP 91282CDA6
10/02 Cash INTEREST US TREASURY 45,000.00
NOTES
CPN 2.250% DUE 03/31/26
DTD 03/31/19 FC 09/30/19
093023 4,000,000
AS OF 9/30/23
CUSIP 9128286L9
10/02 Cash INTEREST US TREASURY 42,500.00
NOTES
CPN 2.125% DUE 03/31/24
DTD 03/31/17 FC 09/30/17
093023 4,000,000
AS OF 9/30/23
CUSIP 912828W71
10/09 Cash INTEREST UBS BANK USA CD 236.30
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 1.150% DUE 12/08/26
DTD 12/08/21 FC 01/08/22
100823 250,000
AS OF 10/08/23
CUSIP 90348JX96
072 ANCA ANC9

Page 20 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Activity detail continued
Income and distributions

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 10/18 Cash INTEREST COMENITY BANK CD 328.77
WILMINGTON DE ACT/365

JUMBO CD FDIC INSURED
CPN 2.000% DUE 03/18/26
DTD 03/18/22 FC 04/18/22
101823 200,000
CUSIP 99000QQW7
10/23 Cash INTEREST BANK OZK CD 1,027.40
LITTLE ROCK AR ACT/365

FDIC INSD
CPN 5.000% DUE 01/22/24
DTD 05/22/23 FC 06/22/23
102223 250,000
AS OF 10/22/23
CUSIP 06418CHC3
10/23 Cash INTEREST WELLS FARGO BANK NA CD 1,006.85
SIOUX FALLS SD ACT/365

FDIC INSD
CPN 4.900% DUE 05/23/25
DTD 05/23/23 FC 06/23/23
102323 250,000
CUSIP 949764CT9
10/27 Cash INTEREST CELTIC BANK CD 410.96
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 2.000% DUE 12/27/27
DTD 12/27/19 FC 01/27/20
102723 250,000
CUSIP 15118RTH0
10/27 Cash INTEREST COMENITY CAPITAL BANK CD 256.85
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 2.500% DUE 06/27/24
DTD 06/27/19 FC 07/27/19
102723 125,000
CUSIP 20033AZ58
072 ANCA ANC9

Page 21 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Activity detail continued
Income and distributions

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 10/30 Cash INTEREST TEXAS EXCHANGE BK SSB CD 226.03
CROWLEY TX ACT/365

CALLABLE FDIC INSD
CPN 1.100% DUE 10/29/26
DTD 10/29/21 FC 11/29/21
102923 250,000
AS OF 10/29/23
CUSIP 88241TMC1
10/31 Cash INTEREST US TREASURY 12,500.00
NOTES
CPN 2.500% DUE 04/30/24
DTD 04/30/22 FC 10/31/22
103023 1,000,000
AS OF 10/30/23
CUSIP 91282CEK3
10/31 Cash INTEREST US TREASURY 116,550.00
NOTES
CPN 2.250% DUE 10/31/24
DTD 10/31/17 FC 04/30/18
103123 10,360,000
CUSIP 9128283D0
10/31 Cash DIVIDEND ALLSPRING 2,806.08

GOVERNMENT MONEY MARKET

SWEEP CLASS
103123 5,689
Total Income and distributions: $297,659.51
Securities sold and redeemed

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 10/02 Cash REDEMPTION -4,000,000.00000 US TREASURY 4,000,000.00 NOTES
CPN 0.250% DUE 09/30/23
DTD 09/30/21 FC 03/31/22
CUSIP 91282CDA6
072 ANCA ANC9

Page 22 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Activity detail continued
Securities sold and redeemed

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 10/17 Cash REDEMPTION -10,153,000.00000 US TREASURY 10,153,000.00 BILL
DUE 10/17/23
DTD 06/20/23
CUSIP 912797HB6
Total Securities sold and redeemed: $14,153,000.00
Securities purchased

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 10/02 Cash REINVEST DIV 19,810.27000 FIDELITY FUNDS -19,810.27

FIDELITY TREASURY ONLY

PORT INSTL CLASS SHS
REINVEST AT 1.000
10/02 Cash PURCHASE 4,290,000.00000 US TREASURY 98.8884 -4,242,319.62 ACCRUED INT NOTES -47,067.60
CPN 4.250% DUE 12/31/24
DTD 12/31/22 FC 06/30/23
CUSIP 91282CGD7
10/19 Cash PURCHASE 10,360,000.00000 US TREASURY 97.0110 -10,050,353.13 ACCRUED INT NOTES -109,582.34
CPN 2.250% DUE 10/31/24
DTD 10/31/17 FC 04/30/18
CUSIP 9128283D0
Total Securities purchased: -$14,469,132.96
Cash sweep activity
Our Cash Sweep program allows you to earn a return on the idle cash balances in your account by automatically investing such balances into one of our cash sweep options. These 'sweep transactions' may represent a net amount for the day and occur on settlement date. The following section displays transfers into and out of your sweep option. Transactions displayed here are Transfer To, Transfer From and Reinvested Dividends and Interest. These transaction amounts are not included in your cash flow summary.

DATE TRANSACTION DESCRIPTION AMOUNT DATE TRANSACTION DESCRIPTION AMOUNT 10/01 BEGINNING BALANCE 149,169.02 10/10 TRANSFER TO ALLSPRING 236.30

GOVERNMENT MONEY MARKET
10/02 TRANSFER TO ALLSPRING 6,850.00 10/18 TRANSFER TO ALLSPRING 10,153,000.00

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
10/03 TRANSFER FROM ALLSPRING -146,887.22 10/19 TRANSFER TO ALLSPRING 328.77

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
072 ANCA ANC9

Page 23 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Cash sweep activity continued

DATE TRANSACTION DESCRIPTION AMOUNT DATE TRANSACTION DESCRIPTION AMOUNT 10/20 TRANSFER FROM ALLSPRING -10,159,935.47 10/31 REINVEST DIV ALLSPRING 2,806.08

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
10/24 TRANSFER TO ALLSPRING 2,034.25 10/31 TRANSFER TO ALLSPRING 226.03

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
10/30 TRANSFER TO ALLSPRING 667.81 10/31 ENDING BALANCE 8,495.57

GOVERNMENT MONEY MARKET
Bank Deposits Through Teller October 1 - October 31
Wells Fargo Bank, N.A. (Member FDIC) Account number Questions? Call us at 1-800-266-6263 Deposits made in a bank branch on the last business day of the month will typically appear on your next statement.

DATE TRANSACTION DESCRIPTION AMOUNT BANK BALANCE
10/01 BEGINNING BALANCE $0.00
10/31 ENDING BALANCE $0.00
072 ANCA ANC9

Page 24 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Realized gain/loss
Realized Gain/Loss Summary

THIS PERIOD THIS PERIOD THIS PERIOD THIS YEAR THIS YEAR THIS YEAR

GAIN LOSS NET GAIN LOSS NET
Short term 0.00 0.00 0.00 0.00 0.00 0.00
Long term 0.00 0.00 0.00 0.00 0.00 0.00
Total Realized Gain/Loss $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Realized Gain/Loss Detail
Short term

ADJ PRICE/ DATE ADJ COST/

DESCRIPTION QUANTITY ORIG PRICE ACQUIRED CLOSE DATE PROCEEDS ORIG COST GAIN/LOSS US TREASURY 4,000,000.00000 100.0000 03/15/23 10/02/23 4,000,000.00 4,000,000.00 0.00

97.9417 3,917,677.00
NOTES
CPN 0.250% DUE 09/30/23
DTD 09/30/21 FC 03/31/22
CUSIP 91282CDA6
Total Short term $4,000,000.00 $4,000,000.00 $0.00
$3,917,677.00
Specific instructions and disclosures
Available funds
"Available for loan" reflects the approximate amount available as of the statement period ending date and should be reduced by any pending checks and Visa charges not yet cleared. This amount is the approximate amount available for withdrawal and loans. A margin loan is a variable rate loan secured by your account.

Income on non-reportable accounts
Your income summary is categorized into taxable and tax-exempt income based upon the securities that you hold. Please be aware that, since this is a 1099 non-reportable account, this income will NOT be reported to the IRS, but is being provided to you for informational purposes only.

Callable Securities
Securities that are subject to a partial call will be selected by an impartial lottery process in which the probability of your securities being selected for redemption is proportional to the holdings of all shareholders of such securities held in street name. If a security is called prior to maturity it may affect the yield you receive. Additional information is available at www.wellsfargoadvisors.com under Legal Disclosures or the written procedures are available upon request. 072 ANCA ANC9

Page 25 of 25 ends

CITY OF MALIBU

RUTH QUINTO
OCTOBER 1, 2023 - OCTOBER 31, 2023
ACCOUNT NUMBER:

Cost basis - To add or update information or modify your reporting options, please contact Your Financial Advisor.

This statement presents estimated unrealized or realized gains or losses for your information only. If acquisition or other information is not available, the gain/loss information may not be displayed and section and summary totals may not reflect your complete portfolio. Cost basis information is not verified by WFCS or Wells Fargo Advisors Financial Network and should not be relied upon for legal or tax purposes. Revisions to this information (due to corporate mergers, tenders and other reorganizations) may be required from time to time.

Cost basis for factored bonds (GNMA, CMO, etc.) will be adjusted for paydown of principal. Systematic investments in mutual funds and reinvested dividends for mutual funds and stocks have been consolidated for each position. Unit cost data for systematic investments and dividend reinvestment securities is provided for informational purposes only and is a non-weighted average.

Your account statement should not be used for tax preparation without assistance from your tax consultant. We do not report capital gains or losses for non-covered securities to he IRS.

Cost basis options
Unless specific tax lots are selected at trade time, sales of tax lots will occur using the cost basis election reflected in the Account profile section.

Estimated accrued interest on Fixed Income securities
Estimated accrued interest is included in the Portfolio summary as a convenience to you and represents the estimated portion of he interest that would be received upon the sale of he Fixed Income posi ions in your account, calculated from the date of the last coupon (or dated date) through the date of the account statement, based upon information provided by the issuer. This is not a guarantee that this amount will be realized in your account. Actual income will be based upon the payout schedule of the securities held in your account. If you own a Foreign Fixed Income security, and it is denominated in a foreign currency, the Estimated accrued interest will not be accurate. 072 ANCA ANC9
*** THIS PAGE IS INTENTIONALLY LEFT BLANK ***

Page 1 of 2 ends

Agenda Item # 4.A.

Council Agenda Report
To: Mayor Uhring and the Honorable Members of the City Council Prepared by: Joyce Parker-Bozylinski, Contract Planner
Tyler Eaton, Senior Planner
Reviewed by: Richard Mollica, Planning Director
Approved by: Steve McClary, City Manager
Date prepared: November 28, 2023 Meeting date: December 11, 2023 Subject: An amendment to Title 17 (Zoning) of the Malibu Municipal Code (MMC) and the Local Coastal Program to Update Regulations Related to Accessory Dwelling Units (Continued from November 27, 2023)
RECOMMENDED ACTION: 1) Adopt Resolution No. 23-43 (Exhibit A) approving LCP Amendment (LCPA) No. 18-002, amendments to Chapter 3 (Marine and Land Resources) and Chapter 5 (New Development) of the Local Coastal Program (LCP) Land Use Plan pertaining to accessory dwelling units (ADU), and finding the amendments exempt from the California Environmental Quality Act (CEQA); 2) After the City Attorney reads the title of the ordinance, introduce on first reading Ordinance No. 510 (Exhibit B), approving LCPA No. 18-002, an amendment to the LCP to update ADU regulations, and Zoning Text Amendment (ZTA) No. 18-004, an amendment to Title 17 (Zoning) of the Malibu Municipal Code (MMC) related to definitions, guest homes and changing the term second units to accessory dwelling units (ADUs), and finding the amendments exempt from CEQA; 3) After the City Attorney reads the title of the ordinance, introduce on first reading Ordinance No. 511 (Exhibit C), approving ZTA No. 18-004 an amendment to Title 17 (Zoning) of the MMC to update ADU regulations and finding the amendments exempt from CEQA; 4) Direct staff to schedule second reading and adoption of Ordinance No. 510 and Ordinance No. 511 for the January 8, 2023 City Council Regular meeting.

DISCUSSION: On November 27, 2023, the City Council held a public hearing on the proposed ADU amendment (LCPA No. 18-002 and ZTA No. 18-004) and determined that additional time was needed to finish deliberations on the amendment and continued the item to December 11, 2023. Ordinance 510 (Exhibit B) has been updated to re-insert City Council Meeting
12-11-23
Item

4.A.
1

Page 2 of 2 ends

Agenda Item # 4.A.
sections 4 and 6 which were inadvertently removed from the last staff report. Recitals have been added to the resolution and ordinances reflecting the continuance to the December 11, 2023 meeting. No other changes were made to proposed amendment per City Council direction. The November 27, 2023 agenda report is attached for reference as well as the correspondence received for this meeting.

EXHIBITS:

A. Resolution No. 23-43
B. Ordinance No. 510
C. Ordinance No. 511
D. November 27, 2023 Item 4A City Council Agenda Report with exhibits

1. Resolution No. 23-43

2. Ordinance No. 510

3. Ordinance No. 511

4. LCP Amendment Redline

5. ZTA Redline

6. Street Access Exhibits

7. Public Street Width Chart

8. Public Hearing Notice
E. Correspondence received for November 27, 2023 City Council meeting 2 Exhibit A
RESOLUTION NO. 23-43

A RESOLUTION OF THE CITY OF MALIBU DETERMINING LOCAL
COASTAL PROGRAM AMENDMENT NO. 18-002, AMENDMENTS TO
CHAPTER 3 (MARINE AND LAND RESOURCES) AND CHAPTER 5 (NEW

DEVELOPMENT) OF THE LOCAL COASTAL PROGRAM LAND USE PLAN

PERTAINING TO ACCESSORY DWELLING UNITS, AND FINDING THE

AMENDMENTS EXEMPT FROM THE CALIFORNIA ENVIRONMENTAL

QUALITY ACT
The City Council of the City of Malibu does hereby find, order and resolve as follows:

SECTION 1. Recitals.

A. On June 11, 2018, the City Council adopted Resolution No. 18-28 to: 1) initiate Local Coastal Program (LCP) Amendment No. 18-002 and Zoning Text Amendment (ZTA) No. 18-004, to update accessory dwelling unit regulations consistent with State law, and 2) direct the Planning Commission to schedule a public hearing regarding the ZTA and provide a recommendation to the Council whether to approve, modify, or reject the amendment.

B. On July 17, 2018, the Zoning Ordinance Revision and Code Enforcement Subcommittee (ZORACES) met to discuss the proposed amendments to the MMC and LCP and recommended that the City’s existing second unit regulations be updated consistent with Accessory Dwelling Unit State law.

C. On August 9, 2018, a Notice of Planning Commission Public Hearing was published in a newspaper of general circulation within the City of Malibu and mailed to interested parties.

D. On August 30, 2018, a Notice of Availability of LCPA Documents was published in a newspaper of general circulation within the City of Malibu and mailed to interested parties.

E. On September 4, 2018, the Planning Commission held a duly noticed public hearing to discuss new accessory dwelling unit (ADU) laws. The Planning Commission provided direction to staff and requested additional information. The Planning Commission also found that ADUs may provide units that can be utilized to meet the City’s Regional Housing Needs Allocation (RHNA) and recommended that short-term rentals be prohibited in accessory dwelling units.

F. Between October 2018 and February 2020, the proposed amendments were noticed to be considered by the Planning Commission, however, the hearings were rescheduled.

G. On March 16, 2020, due to the COVID-19 pandemic, all public hearings scheduled for the March 16, 2020 Regular Planning Commission were continued to the April 6, 2020 Regular Planning Commission meeting.

H. On April 6, 2020, the Planning Commission continued the public hearing to a date uncertain.
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I. On May 20, 2021, the Planning Commission held a duly noticed public hearing on the proposed ADU amendments. The Planning Commission provided direction to staff and requested additional information.

J. On December 6, 2021, the Planning Commission continued the public hearing to the January 18, 2022 Regular Planning Commission meeting.

K. On January 18, 2022, the Planning Commission continued the public hearing to the March 7, 2022 Regular Planning Commission meeting.

L. On March 7, 2022, the Planning Commission continued the public hearing to a date uncertain. The Planning Commission provided direction to staff and requested additional studies and referrals.

M. On August 22, 2022, the City Council discussed the additional studies and referrals requested by the Planning Commission and directed staff to 1) minimize changes to the Local Coastal Program by utilizing most of the existing second unit regulations, which currently protect coastal resources and public access, to revise the proposed ADU ordinance, and 2) refer the item back to the Planning Commission without the requested studies or referrals since they would not be needed at this time if the City utilizes current second unit regulations in the ADU ordinance.

N. On March 6, 2023, the Planning Commission continued the public hearing to the March 14, 2023 Special Planning Commission meeting.

O. On March 14, 2023, the Planning Commission held a duly noticed public hearing on the proposed ADU ordinance (LCPA 18-002 and ZTA No.18-004), reviewed and considered the agenda report, reviewed and considered written reports, public testimony, and other information on the record and recommended approval of the amendments with some modifications.

P. On August 3, 2023, a Notice of City Council Public Hearing and Notice of Availability of LCP Documents was published in a newspaper of general circulation within the City of Malibu and mailed to interested parties.

Q. On August 28, 2023, before consideration of the item, the public hearing was continued to September 11, 2023.

R. On September 11, 2023, the City Council held a duly noticed public hearing on the proposed ADU ordinance (LCPA 18-002 and ZTA No.18-004), provided direction to staff, and continued the item to a date uncertain.

S. On October 19, 2023, a Notice of City Council Public Hearing was published in a newspaper of general circulation within the City of Malibu and mailed to interested parties. 4 Resolution No. 23-43

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T. On November 13, 2023, before consideration of the item, the public hearing was continued to November 27, 2023.

U. On November 27, 2023, the City Council held a duly noticed public hearing on the proposed ADU ordinance (LCPA 18-002 and ZTA No 18-004), and continued the item to the December 11, 2023 Regular City Council meeting.

V. On December 11, 2023, the City Council held a duly noticed public hearing on the proposed ADU ordinance (LCPA 18-002 and ZTA No 18-004), reviewed and considered the agenda report, reviewed and considered written reports, public testimony, and other information on the record.

SECTION 2. Environmental Review.

Pursuant to Public Resources Code Section 21080.9, California Environmental Quality Act (CEQA) does not apply to activities and approvals by the City as necessary for the preparation and adoption of an LCP amendment. This application is for an amendment to the LCP, which must be certified by the California Coastal Commission (CCC) before it takes effect. LCP Local Implementation Plan (LIP) Section 1.3.1 states that the provisions of the LCP take precedence over any conflict between the LCP and the City’s Zoning Ordinance. In order to prevent inconsistency between the LCP and the City’s Zoning Ordinance, if the LCP amendment is approved, the City must also approve the corollary amendment to the Zoning Ordinance. This amendment is necessary for the preparation and adoption of the LCPA and because they are entirely dependent on, related to, and duplicative of the exempt activity, they are subject to the same CEQA exemption.

In addition, the project is exempt from the requirements of the CEQA pursuant to CEQA Guidelines Section 21080.17, which states that the CEQA does not apply to the adoption of local ordinances regulating construction of second units and by CEQA Section 15282(h) that exempts adoption of an ordinance regarding second units in single-family and multifamily residential zones.

Furthermore, the City Council has analyzed the proposed amendments. CEQA applies only to projects which have the potential for causing a significant effect on the environment. Pursuant to CEQA Guidelines Section 1 5061(b)(3), where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. The City Council determined that the proposed amendments are required by State law and will not result in changes from existing development standards, such as density limits and environmental resource protection standards; consequently, there is no possibility the amendment will have a significant effect on the environment and accordingly, and the exemption set forth in Section 15061(b)(3) applies.

SECTION 3. Local Coastal Program Findings.

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proposed amendment meets the requirements of, and is in conformance with, the policies and requirements of Chapter 3 of the California Coastal Act.

A. The amendments to the LCP meet the requirements of, and are in conformance with the goals, objectives and purposes of the LCP. Updated development standards specific to accessory dwelling units ensure that development of affordable housing may occur in compliance with State housing element law, while maintaining standards to require that uses within the City’s jurisdiction of the Coastal Zone advance the overarching goal of protecting coastal resources.

B. As a part of the LIP, the updated accessory dwelling unit development standards ensure that future development projects and land uses within specific zoning districts conform to applicable LCP policies, goals, and provisions, while taking into consideration the protection and enhancement of visual resources, public access, and recreation opportunities. Incorporating specific requirements for accessory dwelling units achieves LIP Sections 1.2(D) and (G) (guides future growth and development), LIP Section 1.2(F) (promotes public health, safety, and general welfare), and LIP Section 1.2(K) (assures adequate public uses, facilities, and improvements).

SECTION 4. Local Coastal Program Amendment No. 18-002, Amendments to the Land Use Plan (LUP).

The City Council hereby amends the LUP as follows:

A. Policy 3.42(c) of LUP Chapter 3, is amended to read as follows. All other subsections of Policy 3.42 remain the same.
c. Limiting the maximum number of structures to one main residence, one accessory dwelling unit or one guest house, and accessory structures such as, stable, corral, pasture, workshop, gym, studio, pool cabana, office, detached garages, or tennis court, provided that such accessory structures are located within the approved development area and structures are clustered to minimize required fuel modification.

B. Paragraph 4 of A(2). Land Use Plan Provisions of LUP Chapter 5, is amended to read as follows. All other paragraphs remain the same.

The LUP policies address new residential development. The maximum number of structures allowed in a residential development is one main residence, one accessory dwelling unit or one guest house, and additional accessory structures provided that all such structures are located within the approved development area and clustered to minimize required fuel modification, landform alteration, and removal of native vegetation.

C. Policies 5.21, 5.22, 5.23, and 5.24 of LUP Chapter 5 are amended to read as follows:

5.21 The maximum number of structures permitted in a residential development shall be limited to one main residence, one accessory dwelling unit or guest house, and accessory structures such as stable, workshop, gym, studio, pool cabana, office, detached garages, or 6 Resolution No. 23-43

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tennis court provided that all such structures are located within the approved development area and structures are clustered to minimize required fuel modification.

5.22 Accessory dwelling units shall be limited in size to a maximum of 1,200 square feet. Guest houses shall be limited in size to a maximum of 900 square feet. The maximum square footage shall include the total floor area of all enclosed space, including lofts, mezzanines, and storage areas. Garages that are part of an accessory dwelling unit or guest house, shall not exceed 400 square feet (two-car) maximum. The area of a garage provided as part of a guest house or accessory dwelling unit shall not be included in the 900 or 1,200 square foot limit, respectively.

5.23 One onsite enclosed or unenclosed parking space shall be required for the exclusive use of an accessory dwelling unit or guest house.

5.24 New development of an accessory dwelling unit or guest house or other accessory structure that includes plumbing facilities shall demonstrate that adequate private sewage disposal can be provided on the project site consistent with all of the policies of the LCP.

SECTION 5. Effective Date.

This Resolution shall become effective after certification by the California Coastal Commission.

SECTION 6. Severability.

Should any section, subsection, clause, or provision of this Resolution for any reason be held to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the validity or constitutionality or the remaining portions of this Resolution; it being hereby expressly declared and this Resolution, and each section, subsection, sentence, clause, and phrase hereof would have been prepared, proposed, approved, and ratified irrespective of the fact that any one or more sections, subsections, sentences, clauses, or phases be declared invalid or unconstitutional.

SECTION 7. Certification.

The City Clerk shall certify to the passage and adoption of this Resolution and enter it into the book of original resolutions.

PASSED, APPROVED, and ADOPTED this 11th day of December 2023. _____________________________
STEVE UHRING, Mayor
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ATTEST:
__________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO FORM:
__________________________________
TREVOR RUSIN, City Attorney
8 Exhibit B
ORDINANCE NO. 510

AN ORDINANCE OF THE CITY OF MALIBU APPROVING LOCAL
COASTAL PROGRAM AMENDMENT 18-002, AN AMENDMENT TO THE

LOCAL COASTAL PROGRAM TO UPDATE ACCESSORY DWELLING
UNIT REGULATIONS, AND ZONING TEXT AMENDMENT NO. 18-004, AN AMENDMENT TO TITLE 17 (ZONING) OF THE MALIBU MUNICIPAL

CODE RELATED TO DEFINITIONS, GUEST HOMES AND CHANGING THE

TERM SECOND UNITS TO ACCESSORY DWELLING UNITS, AND

FINDING THE AMENDMENTS EXEMPT FROM THE CALIFORNIA

ENVIRONMENTAL QUALITY ACT
The City Council of the City of Malibu does ordain as follows:

SECTION 1. Recitals.

C. On August 9, 2018, a Notice of Planning Commission Public Hearing was published in a newspaper of general circulation within the City of Malibu and mailed to interested parties.

D. On August 30, 2018, a Notice of Availability of LCPA Documents was published in a newspaper of general circulation within the City of Malibu and mailed to interested parties.

F. Between October 2018 and February 2020, the proposed amendments were noticed to be considered by the Planning Commission, however, the hearings were rescheduled.

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H. On April 6, 2020, the Planning Commission continued the public hearing to a date uncertain.

I. On May 20, 2021, the Planning Commission held a duly noticed public hearing on the proposed ADU amendments. The Planning Commission provided direction to staff and requested additional information.

J. On December 6, 2021, the Planning Commission continued the public hearing to the January 18, 2022 Regular Planning Commission meeting.

K. On January 18, 2022, the Planning Commission continued the public hearing to the March 7, 2022 Regular Planning Commission meeting.

L. On March 7, 2022, the Planning Commission continued the public hearing to a date uncertain. The Planning Commission provided direction to staff and requested additional studies and referrals.

M. On August 22, 2022, the City Council discussed the additional studies and referrals requested by the Planning Commission and directed staff to 1) minimize changes to the Local Coastal Program by utilizing most of the existing second unit regulations, which currently protect coastal resources and public access, to revise the proposed ADU ordinance, and 2) refer the item back to the Planning Commission without the requested studies or referrals since they wouldn’t be needed at this time if the City utilizes current second unit regulations in the ADU ordinance.

N. On March 6, 2023, the Planning Commission continued the public hearing to a March 14, 2023 Special Planning Commission meeting.

Q. On August 28, 2023, before consideration of the item, the public hearing was continued to September 11, 2023.

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S. On October 19, 2023, a Notice of City Council Public Hearing was published in a newspaper of general circulation within the City of Malibu and mailed to interested parties.

T. On November 13, 2023, before consideration of the item, the public hearing was continued to November 27, 2023.

SECTION 2. Environmental Review.

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SECTION 3. Local Coastal Program Findings.

Based on evidence contained within the record, including the agenda reports for and the hearings on September 11, November 27, and December 11, 2023, the City Council hereby finds that the proposed amendment meets the requirements of, and is in conformance with, the policies and requirements of Chapter 3 of the California Coastal Act.

SECTION 4. Zoning Text Amendment Findings.

Pursuant to Malibu Municipal Code Section 17.74.040, the City Council hereby makes the following findings:

A. The subject zoning text amendment is consistent with the objectives, policies, general land uses and programs specified in the General Plan. The proposed amendment serves to enhance the Malibu General Plan Mission Statement, protect public safety and preserve Malibu’s natural and cultural resources.

B. The City Council held a public hearing, reviewed the subject zoning text amendment application for compliance with the City of Malibu General Plan, Malibu Municipal Code and the Malibu Local Coastal Program, and finds that the zoning text amendment is consistent and recommends approval.

SECTION 5. Local Coastal Program Amendment No. 18-002, Amendments to the Local Implementation Plan (LIP).

The City Council hereby amends the LIP as follows:

A. Add new definitions inserted in alphabetical order to LIP Section 2.1 (Definitions) to read as follows:
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ACCESSORY DWELLING UNIT - an attached or a detached residential dwelling unit that provides complete independent living facilities for one or more persons and is located on a lot with a proposed or existing primary residence. An accessory dwelling unit also includes the following:

1. An efficiency unit, as defined in Section 17958.1 of the California Health and Safety Code and the California Building Code; and

2. A manufactured home, as defined in Section 18007 of the California Health and Safety Code.

ACCESSORY DWELLING UNIT, ATTACHED - an accessory dwelling unit that is physically attached to the primary dwelling unit and share an interior wall or as an additional story above the primary dwelling unit, but which has independent, direct access from the exterior.

ACCESSORY DWELLING UNIT, DETACHED - an accessory dwelling unit that is not an attached accessory dwelling unit.

CAR SHARE VEHICLE - a motor vehicle that is operated as part of a regional fleet by a public or private car-sharing company or organization and provides hourly or daily service. A car share vehicle does not include vehicles used as part of ride-hailing companies such as Uber or Lyft.

COMPLETE INDEPENDENT LIVING FACILITIES - permanent provisions for living, sleeping, eating, cooking, and sanitation on the same parcel as the single-family or multifamily dwelling is or will be situated.

JUNIOR ACCESSORY DWELLING UNIT - a residential unit that

1. is no more than 500 square feet in size;

2. is contained entirely within an existing or proposed single-family structure;

3. has a separate exterior entrance;

4. includes its own separate sanitation facilities or shares sanitation facilities with the existing or proposed single-family structure; and

5. includes an efficiency kitchen.

KITCHEN, INCLUDING AN EFFICIENCY KITCHEN - an area within a structure that is used or designed to be used for the preparation or cooking of food and that contains each of the following:

1. A cooking facility with appliances including, but not limited to: ovens, convection ovens, stoves, stove tops, built-in grills or similar appliances.

2. A food preparation counter or counters that total at least 15 square feet in area.

3. Food storage cabinets that total at least 30 square feet of shelf space. 13 Ordinance No. 510

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PASSAGEWAY - a pathway that is unobstructed clear to the sky and extends from a street to one entrance of the accessory dwelling unit.

PUBLIC TRANSIT - a location, including, but not limited to, a bus stop, where the public may access buses and other forms of transportation that charge set fares, run on fixed routes, and are available to the public.

TANDEM PARKING - two or more automobiles parked on a driveway or in any other location on a lot, lined up behind one another.

VERY HIGH FIRE HAZARD SEVERITY ZONE - a zone as defined in Government Code 51177 and designated by Ordinance 299.

WET BAR - a single sink and refrigerator no greater than 5 cubic feet in size with cabinets and/or counter top area not exceeding 6 lineal feet. A wet bar shall not include a refrigerator in excess of 5 cubic feet in size or a kitchen sink greater than 2 square feet in size, or a gas or electric range, stove top and/or oven (but may include a microwave oven).B. Amend the following definitions contained in LIP Section 2.1 (Definitions) to read as follows:

B. Amend “LIVING AREA and “MULTI-FAMILY RESIDENCE” definitions containe in LIP Section 2.1 (Definitions) to read as follows:

LIVING AREA - the interior habitable area of a dwelling unit, including finished basements or attics but does not include unfinished basements or attics, rooms with floor to ceiling heights less than 6 feet, garages or accessory structures.

MULTI-FAMILY RESIDENCE - a building or portion thereof used for occupancy by two or more families living independently of each other and containing two or more dwelling units.

This does not apply to a primary residence and an ADU or guest house on the same parcel.

C. Delete “ KITCHEN” and “SECOND UNIT” definitions contained in LIP Section 2.1 (Definitions).

D. Amend LIP 3.3(Q)(2)(a), to read as follows:
a. Lot Nos. 1—5
i. One single-family residence per lot.
ii. Accessory uses guest house in accordance with Section 3.6(N)(1), garages, swimming pools, spas, pool houses, cabanas, water features, gazebos, storage sheds, private non-illuminated sports courts, noncommercial greenhouses, gated driveways, workshops, gyms, home studios, home offices, and reasonably similar uses normally associated with a single-family residence, as determined by the Planning Director). iii. Accessory dwelling units in accordance with Section 3.10. iv. Domestic animals, kept as pets.
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v. Landscaping.

E. Amend LIP 3.3(Q)(4)(a)(vi), to read as follows
vi. Parking (In addition to the parking standards of LIP Section 3.14) a) Two enclosed and two unenclosed parking spaces. The minimum size for a residential parking space shall be 18 feet long by 10 feet wide. b) For a guest house see Section 3.6(N)(1)(d).
c) For an accessory dwelling unit see Section 3.10.

F. Amend LIP 3.6(D) to read as follows:

D. The minimum floor area of a residential unit shall be as follows:

1. For a single-family residence, not less than 800 square feet, exclusive of any appurtenant structures. This minimum does not apply to accessory dwelling units.

2. For each multi-family dwelling unit, not less than 750 square feet, exclusive of any appurtenant structures. This minimum does not apply to accessory dwelling units.

G. Amend LIP 3.6(K)(2) to read as follows:

2. Multistory or Single Floor Area, Structures Greater Than Eighteen (18) Feet in Height.

Notwithstanding any other provision of this chapter, the total development square footage for a structure greater than eighteen (18) feet in height shall not be greater than permitted for single-story construction. The second floor area plus the area of vaulted ceilings above eighteen (18) feet in height shall not exceed two-thirds the first floor area, and shall be oriented so as to minimize view blockage from adjacent properties.

H. Amend LIP 3.6(N), to read as follows:

N. Accessory Structures. Accessory structures identified as being permitted within any zone may be established only if they are clearly accessory to a primary permitted or conditionally permitted use established concurrent with or prior to establishment of accessory use.

1. Guest houses
a. Development of a guest house, as defined in Section 2.1, shall require that a primary dwelling unit be developed on the same lot prior to or concurrent with the guest house. b. Only one guest house is allowed per lot. Guest houses are not allowed on properties with an accessory dwelling unit.
c. Development Standards
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i) Siting. Any permitted guest house shall be located within the approved development area for the project site and shall be clustered with the primary dwelling unit and any other approved structures to minimize required fuel modification. All guest houses must comply with residential development standards in Section 3.6.
ii) Maximum Size. The maximum square footage of a guest house shall not exceed 900 square feet. The maximum square footage shall include interior and exterior walls, basements, mezzanines, storage space, and any space with a height clearance (floor to ceiling height dimension) above six feet. The area of a garage provided as part of the guest house, exterior decks, covered patios or overhangs that are attached to the structure shall not be included in the 900 square foot limit. The maximum square footage of a guest house, garage and other attached structures that are otherwise considered total development square footage shall be included in the overall total development square footage for the lot.
iii) A 10-foot separation between the guest house and any other structure shall be maintained if the parcel is within a Very High Fire Hazard Severity Zone. d. Parking
i) A minimum of one off-street enclosed or unenclosed parking space shall be provided for the exclusive use of a guest house.
ii) One garage not to exceed 400 square feet in size may be permitted as part of a guest house.

I. Add LIP Section 3.10 (Accessory Dwelling Units) to read as follow:

3.10. ACCESSORY DWELLING UNITS
Accessory Dwelling Units - The following regulations shall apply to accessory dwelling units (ADUs) approved under this section.

A. Purpose. The purpose of this section is to allow and regulate ADUs in compliance with California Government Code Sections 65852.2 and 65852.22. Because the City of Malibu lies entirely within the Coastal Zone, every ADU application in the City will be subject to an analysis for compliance with the Local Coastal Program (LCP) and Coastal Act. State law is explicit about the Coastal Act not being preempted by the State’s ADU statute (Government Code Section 65852.2, subdivision (j).) The entire City of Malibu is located in a designated “Very High Fire Hazard Severity Zone”, and this section ensures that ADUs are developed and operated on adequate sites, at proper and desirable locations, and that the goals and objectives of the LCP are met.
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Malibu City CouncilDecember 11, 2023

Malibu City Council
December 11, 2023