Malibu City Council
August 12, 2024

the Consultant’s requirements under this Agreement. This provision does not relieve the Consultant of its contractual obligations under the Agreement and/or limit its liability to the amount of insurance coverage provided by its subcontractors. This provision is intended solely to provide Consultant with the ability to utilize a Subcontractor who may be otherwise qualified to perform the work or services but may not carry the same insurance limits as required of the Consultant under this Agreement given the limited scope of work or services provided by the subcontractor. Consultant agrees that upon request, all agreements with Subcontractors, and others engaged in the project and/or services, will be submitted to City for review.

City’s Right to Revise Specifications. The City reserves the right at any time during the term of the contract to change the amounts and types of insurance required by giving the Consultant ninety (90) days’ advance written notice of such change. If such a change results in substantial additional costs to the Consultant, the City and Consultant may renegotiate the Consultant’s compensation.

Self-Insured Retentions. Any self-insured retentions must be declared to and approved by the City. City reserves the right to require that self-insured retentions be eliminated, lowered, or replaced by a deductible, or require proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention through confirmation from the underwriter.

Timely Notice Of Claims. Consultant shall give City prompt and timely notice of claims made or suits instituted that arise out of or result from Consultant’s performance under this Agreement, and that involve or may involve coverage under any of the required liability policies.

Additional Insurance. The consultant shall also procure and maintain, at its own cost and expense, any additional kinds of insurance, which in its own judgment may be necessary for its proper protection and prosecution of the work.
15 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

INSURER(S) AFFORDING COVERAGE
INSURER F :

INSURER E :

INSURER D :

INSURER C :

INSURER B :

INSURER A : NAIC #
NAME: CONTACT
(A/C, No): FAX
E-MAIL ADDRESS:

PRODUCER
(A/C, No, Ext): PHONE

INSURED
COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

OTHER:
(Per accident)
(Ea accident)
$
$
N / A

SUBR WVDADDL
INSD

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. $
$
$
$ PROPERTY DAMAGE
BODILY INJURY (Per accident)
BODILY INJURY (Per person) COMBINED SINGLE LIMIT

AUTOS ONLY

AUTOS ONLY AUTOS NON-OWNED OWNED SCHEDULED

ANY AUTO

AUTOMOBILE LIABILITY

Y / N WORKERS COMPENSATION
AND EMPLOYERS' LIABILITY OFFICER/MEMBER EXCLUDED?
(Mandatory in NH) DESCRIPTION OF OPERATIONS below
If yes, describe under

ANY PROPRIETOR/PARTNER/EXECUTIVE
$
$
$ E.L. DISEASE - POLICY LIMIT E.L. DISEASE - EA EMPLOYEEE.L. EACH ACCIDENT EROTH- STATUTE PER
(MM/DD/YYYY) LIMITS POLICY EXP(MM/DD/YYYY) POLICY EFFLTR TYPE OF INSURANCE POLICY NUMBER INSR
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

EXCESS LIAB
UMBRELLA LIAB EACH OCCURRENCE $ AGGREGATE $
$
OCCUR
CLAIMS-MADE DED RETENTION $
PRODUCTS - COMP/OP AGG $ GENERAL AGGREGATE $ PERSONAL & ADV INJURY $ MED EXP (Any one person) $
EACH OCCURRENCE $ DAMAGE TO RENTED
PREMISES (Ea occurrence) $ COMMERCIAL GENERAL LIABILITY CLAIMS-MADE OCCUR GEN'L AGGREGATE LIMIT APPLIES PER: POLICY PRO- JECT LOC

CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY)

CANCELLATION

AUTHORIZED REPRESENTATIVE
ACORD 25 (2016/03)
© 1988-2015 ACORD CORPORATION. All rights reserved.

CERTIFICATE HOLDER
The ACORD name and logo are registered marks of ACORD
HIRED

AUTOS ONLY
7/16/2024
Risk Strategies Company
2040 Main Street, Suite 450
Irvine, CA 92614
949-242-9237
www.risk-strategies.com CA DOI License No. 0F06675 Sentinel Insurance Company, Ltd. 11000 Hartford Fire Insurance Company 19682
Travelers Casualty and Surety Co of America 31194
A 72SBWBG3262 6/14/2024 6/14/2025 1,000,000
1,000,000
✓
10,000
✓
1,000,000
2,000,000
✓ 2,000,000
B 72UEGCK5894 6/14/2024 6/14/2025 1,000,000
✓
✓ ✓
A ✓ ✓ 72SBWBG3262 6/14/2024 6/14/2025 10,000,000
10,000,000
✓ 10,000
A 72WEGAX1RMA 6/14/2024 6/14/2025 ✓
1,000,000
1,000,000
1,000,000
C Professional Liability 107272696 6/14/2024 6/14/2025 Per Claim: $5,000,000 Aggregate: $5,000,000
RSC Insurance Brokerage
Sherry Young
[email protected]
MNS Engineers, Inc.
201 N. Calle Cesar Chavez, Suite 300
Santa Barbara CA 93103
80953309
✓ ✓
✓ ✓
✓
City of Malibu, its officers, employees and volunteers are named as additional insureds and primary/non-contributory clause employees, and volunteers applies to the general, auto and work comp policies-see attached endorsements.

City of Malibu
23825 Stuart Ranch Rd.

Malibu CA 90265-4861
Projects as on file with the insured including but not limited to On-Call Land Surveying Services 2024. applies to the general and auto liability policies and a waiver of subrogation in favor of City, its elected or appointed officers, officials, Umbrella Liability follows form to the general, auto and employer's liability policies. 80953309 | 24-25 GL-AL-UL-WC-PL | Sherry Young | 7/16/2024 8:49:21 AM (PDT) | Page 1 of 10 16 POLICY NUMBER:

Form SS 90 40 09 19 Page 1 of 3
© 2019, The Hartford

ABCDEFGHIJ

DESIGN PROFESSIONAL BLANKET ADDITIONAL INSURED

NOTICE - BUSINESS LIABILITY COVERAGE FORM
Thank you for being a customer of The Hartford.

This Notice is being provided to highlight the following important provisions included in your Business Liability Coverage Form, SS 00 08 04 05.

I. ADDITIONAL INSUREDS WHEN REQUIRED BY WRITTEN CONTRACT, WRITTEN AGREEMENT OR PERMIT
Please be advised that your Business Liability Coverage Form, SS 00 08 04 05 contains the following provisions in Section C. WHO IS AN INSURED:

6. Additional Insureds When Required By Written Contract, Written Agreement Or Permit The person(s) or organization(s) identified in Paragraphs a. through f. below are additional insureds when you have agreed, in a written contract, written agreement or because of a permit issued by a state or political subdivision, that such person or organization be added as an additional insured on your policy, provided the injury or damage occurs subsequent to the execution of the contract or agreement, or the issuance of the permit.

A person or organization is an additional insured under this provision only for that period of time required by the contract, agreement or permit.

However, no such person or organization is an additional insured under this provision if such person or organization is included as an additional insured by an endorsement issued by us and made a part of this Coverage Part, including all persons or organizations added as additional insureds under the specific additional insured coverage grants in Section F. - Optional Additional Insured Coverages. . . .
d. Architects, Engineers Or Surveyors
(1) Any architect, engineer, or surveyor, but only with respect to liability for "bodily injury", "property damage" or "personal and advertising injury" caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf:
(a) In connection with your premises; or
(b) In the performance of your ongoing operations performed by you or on your behalf. (2) With respect to the insurance afforded to these additional insureds, the following additional exclusion applies:

This insurance does not apply to "bodily injury", "property damage" or "personal and advertising injury" arising out of the rendering of or the failure to render any professional services by or for you, including:
(a) The preparing, approving, or failure to prepare or approve, maps, shop drawings, opinions, reports, surveys, field orders, change orders, designs or drawings and specifications; or (b) Supervisory, inspection, architectural or engineering activities. . . .
f. Any Other Party
(1) Any other person or organization who is not an insured under Paragraphs a. through e. above, but only with respect to liability for "bodily injury", "property damage" or "personal and advertising injury" caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf:
(a) In the performance of your ongoing operations;
MNS Engineers, Inc.
72SBWBG3262
80953309 | 24-25 GL-AL-UL-WC-PL | Sherry Young | 7/16/2024 8:49:21 AM (PDT) | Page 2 of 10 17

(b) In connection with your premises owned by or rented to you; or (c) In connection with "your work" and included within the "products-completed operations hazard", but only if:
(i) The written contract or written agreement requires you to provide such coverage to such additional insured; and
(ii) This Coverage Part provides coverage for "bodily injury" or "property damage" included within the "products-completed operations hazard".
(2) With respect to the insurance afforded to these additional insureds, this insurance does not apply to:
"Bodily injury", "property damage" or "personal and advertising injury" arising out of the rendering of, or the failure to render, any professional architectural, engineering or surveying services, including:
(a) The preparing, approving, or failure to prepare or approve, maps, shop drawings, opinions, reports, surveys, field orders, change orders, designs or drawings and specifications; or (b) Supervisory, inspection, architectural or engineering activities.

Please be advised that if SS 51 13 Exclusion - Engineers, Architects Or Surveyors Professional Liability - California and SS 51 14 Additional Insured Provisions - California are on the Policy, the above-referenced Subparagraph (2) of Paragraph d. Architects, Engineers Or Surveyors and Subparagraph (2) of Paragraph f. Any Other Party which contains professional liability exclusionary language has been amended. Please see SS 51 13 and SS 51 14 for details.

II. OTHER INSURANCE - PRIMARY AND NON-CONTRIBUTORY TO OTHER INSURANCE WHEN REQUIRED

BY CONTRACT
Please be advised that your Business Liability Coverage Form, SS 00 08 04 05 contains the following condition in Section E. LIABILITY AND MEDICAL EXPENSES GENERAL CONDITIONS:

7. Other Insurance
If other valid and collectible insurance is available for a loss we cover under this Coverage Part, our obligations are limited as follows:
a. Primary Insurance
This insurance is primary except when b. below applies. If other insurance is also primary, we will share with all that other insurance by the method described in c. below. b. Excess Insurance
This insurance is excess over any of the other insurance, whether primary, excess, contingent or on any other basis:
. . .
(6) When You Are Added As An Additional Insured To Other Insurance That is other insurance available to you covering liability for damages arising out of the premises or operations, or products and completed operations, for which you have been added as an additional insured by that insurance; or
(7) When You Add Others As An Additional Insured To This Insurance That is other insurance available to an additional insured.

However, the following provisions apply to other insurance available to any person or organization who is an additional insured under this Coverage Part:
(a) Primary Insurance When Required By Contract
This insurance is primary if you have agreed in a written contract, written agreement or permit that this insurance be primary. If other insurance is also primary, we will share with all that other insurance by the method described in c. below.
(b) Primary And Non-Contributory To Other Insurance When Required By Contract If you have agreed in a written contract, written agreement or permit that this insurance is primary and non-contributory with the additional insured's own insurance, this insurance is primary and we will not seek contribution from that other insurance.

Paragraphs (a) and (b) do not apply to other insurance to which the additional insured has been added as an additional insured.
80953309 | 24-25 GL-AL-UL-WC-PL | Sherry Young | 7/16/2024 8:49:21 AM (PDT) | Page 3 of 10 18 Form SS 90 40 09 19 Page 3 of 3
III. TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US Please be advised that your Business Liability Coverage Form, SS 00 08 04 05 contains the following condition in Section E. LIABILITY AND MEDICAL EXPENSES GENERAL CONDITIONS:

8. Transfer Of Rights Of Recovery Against Others To Us
a. Transfer Of Rights Of Recovery
If the insured has rights to recover all or part of any payment, including Supplementary Payments, we have made under this Coverage Part, those rights are transferred to us. The insured must do nothing after loss to impair them. At our request, the insured will bring "suit" or transfer those rights to us and help us enforce them. This condition does not apply to Medical Expenses Coverage. b. Waiver Of Rights Of Recovery (Waiver Of Subrogation) If the insured has waived any rights of recovery against any person or organization for all or part of any payment, including Supplementary Payments, we have made under this Coverage Part, we also waive that right, provided the insured waived their rights of recovery against such person or organization in a contract, agreement or permit that was executed prior to the injury or damage.

Please be advised that this Notice is not a Policy form and does not grant or alter coverage, or change any terms or conditions of the Policy. Please be sure to read your Policy carefully including all endorsements attached to your Policy. If there is any conflict between this Notice and the Policy, the provisions of the Policy will apply.

Should you have any questions, please contact your insurance agent, broker or you may contact us directly.

We appreciate your business and look forward to being of continued service to you. 80953309 | 24-25 GL-AL-UL-WC-PL | Sherry Young | 7/16/2024 8:49:21 AM (PDT) | Page 4 of 10 19 COMMERCIAL AUTOMOBILE BROAD FORM

ENDORSEMENT
This endorsement modifies insurance provided under the following:

BUSINESS AUTO COVERAGE FORM
To the extent that the provisions of this endorsement provide broader benefits to the "insured" than other provisions of the Coverage Form, the provisions of this endorsement apply.

COMMERCIAL AUTOMOBILE
HA 99 16 12 21
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

1. BROAD FORM INSURED
Paragraph .1. - WHO IS AN INSURED - of
Section II - Liability Coverage is amended to
add the following:
d. Subsidiaries and Newly Acquired or
Formed Organizations
The Named Insured shown in the Declarations
is amended to include:
(1) Any legal business entity other than a
partnership or joint venture, formed as a
subsidiary in which you have an
ownership interest of more than 50% on
the effective date of the Coverage Form.

However, the Named Insured does not
include any subsidiary that is an "insured"
under any other automobile policy or
would be an "insured" under such a policy
but for its termination or the exhaustion of
its Limit of Insurance.
(2) Any organization that is acquired or
formed by you and over which you
maintain majority ownership. However,
the Named Insured does not include any
newly formed or acquired organization:
(a) That is a partnership or joint venture,
(b) That is an "insured" under any other
policy,
(c) That has exhausted its Limit of
Insurance under any other policy, or
(d) 180 days or more after its acquisition
or formation by you, unless you have
given us notice of the acquisition or
formation.

Coverage does not apply to "bodily injury"
or "property damage" that results from an
"accident" that occurred before you
formed or acquired the organization.
e. Employees as Insureds
(1). Any "employee" of yours while using a
covered "auto" you don't own, hire or
borrow in your business or your personal
affairs.
f. Lessors as Insureds
(1). The lessor of a covered "auto" while the
"auto" is leased to you under a written
agreement if:
(a) The agreement requires you to
provide direct primary insurance for
the lessor and
(b) The "auto" is leased without a driver.

Such a leased "auto" will be considered a
covered "auto" you own and not a covered
"auto" you hire.
g. Additional Insured if Required by Contract
(1) When you have agreed, in a written
contract or written agreement, that a
person or organization be added as an
additional insured on your business auto
policy, such person or organization is an
"insured", but only to the extent such
person or organization is liable for "bodily
injury" or "property damage" caused by
the conduct of an "insured" under
paragraphs a. or b. of Who Is An Insured
with regard to the ownership,
maintenance or use of a covered "auto."
The insurance afforded to any such
additional insured applies only if the
"bodily injury" or "property damage"
occurs:
(a) During the policy period, and
(b) Subsequent to the execution of such
written contract, and
Form HA 99 16 12 21 Page 1 of 5
© 2021, The Hartford
(Includes copyrighted material of Insurance Services Office, Inc. with its permission.) MNS Engineers, Inc.
72UEGCK5894
80953309 | 24-25 GL-AL-UL-WC-PL | Sherry Young | 7/16/2024 8:49:21 AM (PDT) | Page 5 of 10 20 (c) Prior to the expiration of the period of
time that the written contract requires
such insurance be provided to the
additional insured.
(2) How Limits Apply
If you have agreed in a written contract or
written agreement that another person or
organization be added as an additional
insured on your policy, the most we will
pay on behalf of such additional insured is
the lesser of:
(a) The limits of insurance specified in the
written contract or written agreement;
or
(b) The Limits of Insurance shown in the
Declarations.

Such amount shall be a part of and not in
addition to Limits of Insurance shown in
the Declarations and described in this
Section.
(3) Additional Insureds Other Insurance
If we cover a claim or "suit" under this
Coverage Part that may also be covered
by other insurance available to an
additional insured, such additional insured
must submit such claim or "suit" to the
other insurer for defense and indemnity.

However, this provision does not apply to
the extent that you have agreed in a
written contract or written agreement that
this insurance is primary and
non-contributory with the additional
insured's own insurance.
(4) Duties in The Event Of Accident, Claim,
Suit or Loss
If you have agreed in a written contract or
written agreement that another person or
organization be added as an additional
insured on your policy, the additional
insured shall be required to comply with
the provisions in LOSS CONDITIONS 2. -

DUTIES IN THE EVENT OF ACCIDENT,
CLAIM , SUIT OR LOSS – OF SECTION
IV – BUSINESS AUTO CONDITIONS, in
the same manner as the Named Insured.

2. Primary and Non-Contributory if Required
by Contract
Only with respect to insurance provided to an
additional insured in A.1.g. - Additional
Insured If Required by Contract, the following
provisions apply:
(1) Primary Insurance When Required By
Contract
This insurance is primary if you have
agreed in a written contract or written
agreement that this insurance be primary.

If other insurance is also primary, we will
share with all that other insurance by the
method described in Other Insurance 5.d.
(2) Primary And Non-Contributory To Other
Insurance When Required By Contract
If you have agreed in a written contract or
written agreement that this insurance is
primary and non-contributory with the
additional insured's own insurance, this
insurance is primary and we will not seek
contribution from that other insurance.

Paragraphs (1) and (2) do not apply to other
insurance to which the additional insured has
been added as an additional insured.

When this insurance is excess, we will have
no duty to defend the insured against any
"suit" if any other insurer has a duty to defend
the insured against that "suit". If no other
insurer defends, we will undertake to do so,
but we will be entitled to the insured's rights
against all those other insurers.

When this insurance is excess over other
insurance, we will pay only our share of the
amount of the loss, if any, that exceeds the
sum of:
(1) The total amount that all such other
insurance would pay for the loss in the
absence of this insurance; and
(2) The total of all deductible and self-insured
amounts under all that other insurance.

We will share the remaining loss, if any, by
the method described in SECTION IVBusiness Auto Conditions, B. General Conditions, Other Insurance 5.d.

3. AUTOS RENTED BY EMPLOYEES
Any "auto" hired or rented by your "employee" on
your behalf and at your direction will be
considered an "auto" you hire.

The SECTION IV- Business Auto Conditions, B.

General Conditions, 5. OTHER INSURANCE
Condition is amended by adding the following:
e. If an "employee’s" personal insurance also
applies on an excess basis to a covered
"auto" hired or rented by your "employee" on
your behalf and at your direction, this
insurance will be primary to the "employee’s"
personal insurance.

80953309 | 24-25 GL-AL-UL-WC-PL | Sherry Young | 7/16/2024 8:49:21 AM (PDT) | Page 6 of 10 21 4. AMENDED FELLOW EMPLOYEE EXCLUSION
EXCLUSION 5. - FELLOW EMPLOYEE - of
SECTION II - LIABILITY COVERAGE does not
apply if you have workers' compensation
insurance in-force covering all of your
"employees".

Coverage is excess over any other collectible
insurance.

5. HIRED AUTO PHYSICAL DAMAGE COVERAGE
If hired "autos" are covered "autos" for Liability
Coverage and if Comprehensive, Specified
Causes of Loss, or Collision coverages are
provided under this Coverage Form for any "auto"
you own, then the Physical Damage Coverages
provided are extended to "autos" you hire or
borrow, subject to the following limit.

The most we will pay for "loss" to any hired "auto"
is:
(1) $100,000;
(2) The actual cash value of the damaged or
stolen property at the time of the "loss"; or
(3) The cost of repairing or replacing the
damaged or stolen property,
whichever is smallest, minus a deductible. The
deductible will be equal to the largest deductible
applicable to any owned "auto" for that coverage.

No deductible applies to "loss" caused by fire or
lightning. Hired Auto Physical Damage coverage
is excess over any other collectible insurance.

Subject to the above limit, deductible and excess
provisions, we will provide coverage equal to the
broadest coverage applicable to any covered
"auto" you own.

We will also cover loss of use of the hired "auto" if
it results from an "accident", you are legally liable
and the lessor incurs an actual financial loss,
subject to a maximum of $1000 per "accident".

This extension of coverage does not apply to any
"auto" you hire or borrow from any of your
"employees", partners (if you are a partnership),
members (if you are a limited liability company),
or members of their households.

6. PHYSICAL DAMAGE - ADDITIONAL

TEMPORARY TRANSPORTATION EXPENSE

COVERAGE
Paragraph A.4.a. of SECTION III - PHYSICAL
DAMAGE COVERAGE is amended to provide a
limit of $50 per day and a maximum limit of
$1,000.

7. LOAN/LEASE GAP COVERAGE
Under SECTION III - PHYSICAL DAMAGE
COVERAGE, in the event of a total "loss" to a
covered "auto", we will pay your additional legal
obligation for any difference between the actual
cash value of the "auto" at the time of the "loss"
and the "outstanding balance" of the loan/lease.
"Outstanding balance" means the amount you
owe on the loan/lease at the time of "loss" less
any amounts representing taxes; overdue
payments; penalties, interest or charges resulting
from overdue payments; additional mileage
charges; excess wear and tear charges; lease
termination fees; security deposits not returned by
the lessor; costs for extended warranties, credit
life Insurance, health, accident or disability
insurance purchased with the loan or lease; and
carry-over balances from previous loans or
leases.

8. AIRBAG COVERAGE
Under Paragraph B. EXCLUSIONS - of SECTION
III - PHYSICAL DAMAGE COVERAGE, the
following is added:

The exclusion relating to mechanical breakdown
does not apply to the accidental discharge of an
airbag.

9. ELECTRONIC EQUIPMENT - BROADENED

COVERAGE
a. The exceptions to Paragraphs B.4 -
EXCLUSIONS - of SECTION III - PHYSICAL
DAMAGE COVERAGE are replaced by the
following:

Exclusions 4.c. and 4.d. do not apply to
equipment designed to be operated solely by
use of the power from the "auto's" electrical
system that, at the time of "loss", is:
(1) Permanently installed in or upon the
covered "auto";
(2) Removable from a housing unit which is
permanently installed in or upon the
covered "auto";
(3) An integral part of the same unit housing
any electronic equipment described in
Paragraphs (1) and (2) above; or
(4) Necessary for the normal operation of the
covered "auto" or the monitoring of the
covered "auto's" operating system.
b. Section III, Physical Damage Coverage, Limit
of Insurance, Paragraph C.2. is amended to
add the following:
$1,500 is the most we will pay for "loss" in
any one "accident" to all electronic equipment
(other than equipment designed solely for the
reproduction of sound, and accessories used
with such equipment) that reproduces,
receives or transmits audio, visual or data
signals which, at the time of "loss", is:

Form HA 99 16 12 21 Page 3 of 5
80953309 | 24-25 GL-AL-UL-WC-PL | Sherry Young | 7/16/2024 8:49:21 AM (PDT) | Page 7 of 10 22 (1) Permanently installed in or upon the
covered "auto" in a housing, opening or
other location that is not normally used by
the "auto" manufacturer for the installation
of such equipment;
(2) Removable from a permanently installed
housing unit as described in Paragraph

2.a. above or is an integral part of that
equipment; or
(3) An integral part of such equipment.
c. For each covered "auto", should loss be
limited to electronic equipment only, our
obligation to pay for, repair, return or replace
damaged or stolen electronic equipment will
be reduced by the applicable deductible
shown in the Declarations, or $250, whichever
deductible is less.

10. EXTRA EXPENSE - BROADENED COVERAGE
Under Paragraph A. - COVERAGE - of SECTION
III - PHYSICAL DAMAGE COVERAGE, we will
pay for the expense of returning a stolen covered
"auto" to you.

11. GLASS REPAIR - WAIVER OF DEDUCTIBLE
Under Paragraph D. - DEDUCTIBLE - of

SECTION III - PHYSICAL DAMAGE COVERAGE,
the following is added:

No deductible applies to glass damage if the glass
is repaired rather than replaced.

12. TWO OR MORE DEDUCTIBLES
Under Paragraph D. - DEDUCTIBLE - of

SECTION III - PHYSICAL DAMAGE COVERAGE,
the following is added:

If another Hartford Financial Services Group, Inc.
company policy or coverage form that is not an
automobile policy or coverage form applies to the
same "accident", the following applies:
(1) If the deductible under this Business Auto
Coverage Form is the smaller (or smallest)
deductible, it will be waived;
(2) If the deductible under this Business Auto
Coverage Form is not the smaller (or
smallest) deductible, it will be reduced by the
amount of the smaller (or smallest)
deductible.

13. AMENDED DUTIES IN THE EVENT OF

ACCIDENT, CLAIM, SUIT OR LOSS
The requirement in LOSS CONDITIONS 2.a. -

DUTIES IN THE EVENT OF ACCIDENT, CLAIM,
SUIT OR LOSS - of SECTION IV - BUSINESS
AUTO CONDITIONS that you must notify us of an
"accident" applies only when the "accident" is
known to:
(1) You, if you are an individual;
(2) A partner, if you are a partnership;
(3) A member, if you are a limited liability
company; or
(4) An executive officer or insurance manager, if
you are a corporation.

14. UNINTENTIONAL FAILURE TO DISCLOSE

HAZARDS
If you unintentionally fail to disclose any hazards
existing at the inception date of your policy, we
will not deny coverage under this Coverage Form
because of such failure.

15. HIRED AUTO - COVERAGE TERRITORY

SECTION IV, BUSINESS AUTO CONDITIONS,
PARAGRAPH B. GENERAL CONDITIONS, 7. -
POLICY PERIOD, COVERAGE TERRITORY - is
added to include the following:
(6) For short-term hired "autos", the coverage
territory with respect to Liability Coverage is
anywhere in the world provided that if the
"insured's" responsibility to pay damages for
"bodily injury" or "property damage" is
determined in a "suit," the "suit" is brought in
the United States of America, the territories
and possessions of the United States of
America, Puerto Rico or Canada or in a
settlement we agree to.

16. WAIVER OF SUBROGATION
Paragraph 5. TRANSFER OF RIGHTS OF
RECOVERY AGAINST OTHERS TO US - of

SECTION IV - BUSINESS AUTO CONDITIONS
A. Loss Conditions is amended by adding the
following:

We waive any right of recovery we may have
against any person or organization with whom you
have a written contract that requires such waiver
because of payments we make for damages
under this Coverage Form.

17. RESULTANT MENTAL ANGUISH COVERAGE
The definition of "bodily injury" in SECTION VDEFINITIONS, C. is replaced by the following:
"Bodily injury" means bodily injury, sickness or
disease sustained by any person, including
mental anguish or death resulting from any of
these.

18. EXTENDED CANCELLATION CONDITION
Paragraph 2. of the COMMON POLICY
CONDITIONS - CANCELLATION - applies except
as follows:

If we cancel for any reason other than
nonpayment of premium, we will mail or deliver to
the first Named Insured written notice of
cancellation at least 60 days before the effective
date of cancellation.

80953309 | 24-25 GL-AL-UL-WC-PL | Sherry Young | 7/16/2024 8:49:21 AM (PDT) | Page 8 of 10 23 19. HYBRID, ELECTRIC, OR NATURAL GAS

VEHICLE PAYMENT COVERAGE
In the event of a total loss to a "non-hybrid" auto
for which Comprehensive, Specified Causes of
Loss, or Collision coverages are provided under
this Coverage Form, then such Physical Damage
Coverages are amended as follows:
a. If the auto is replaced with a "hybrid" auto or
an auto powered solely by electricity or
natural gas, we will pay an additional 10%, to
a maximum of $2,500, of the "non-hybrid"
auto’s actual cash value or replacement cost,
whichever is less,
b. The auto must be replaced and a copy of a
bill of sale or new lease agreement received
by us within 60 calendar days of the date of
"loss,"
c. Regardless of the number of autos deemed a
total loss, the most we will pay under this
Hybrid, Electric, or Natural Gas Vehicle
Payment Coverage provision for any one
"loss" is $10,000.

For the purposes of the coverage provision,
a. A "non-hybrid" auto is defined as an auto that
uses only an internal combustion engine to
move the auto but does not include autos
powered solely by electricity or natural gas.
b. A "hybrid" auto is defined as an auto with an
internal combustion engine and one or more
electric motors; and that uses the internal
combustion engine and one or more electric
motors to move the auto, or the internal
combustion engine to charge one or more
electric motors, which move the auto.

20. VEHICLE WRAP COVERAGE
In the event of a total loss to an "auto" for which
Comprehensive, Specified Causes of Loss, or
Collision coverages are provided under this
Coverage Form, then such Physical Damage
Coverages are amended to add the following:

In addition to the actual cash value of the "auto",
we will pay up to $1,000 for vinyl vehicle wraps
which are displayed on the covered "auto" at the
time of total loss. Regardless of the number of
autos deemed a total loss, the most we will pay
under this Vehicle Wrap Coverage provision for
any one "loss" is $5,000. For purposes of this
coverage provision, signs or other graphics
painted or magnetically affixed to the vehicle are
not considered vehicle wraps.

Form HA 99 16 12 21 Page 5 of 5
80953309 | 24-25 GL-AL-UL-WC-PL | Sherry Young | 7/16/2024 8:49:21 AM (PDT) | Page 9 of 10 24 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

Countersigned by
Authorized Representative
Form WC 04 03 06 (1) Printed in U.S.A.

Process Date: 06/12/24 Policy Expiration Date: 06/14/25

WAIVER OF OUR RIGHT TO RECOVER FROM

OTHERS ENDORSEMENT - CALIFORNIA
Policy Number: 72 WEG AX1RMA Endorsement Number:

Effective Date: 06/14/24 Effective hour is the same as stated on the Information Page of the policy.

Named Insured and Address: MNS Engineers, Inc.
201 N CALLE CESAR CHAVEZ
SANTA BARBARA CA 93103
We have the right to recover our payments from anyone liable for an injury covered by this policy. We will not enforce our right against the person or organization named in the Schedule. (This agreement applies only to the extent that you perform work under a written contract that requires you to obtain this agreement from us.) You must maintain payroll records accurately segregating the remuneration of your employees while engaged in the work described in the Schedule.

The additional premium for this endorsement shall be 2 % of the California workers' compensation premium otherwise due on such remuneration.

SCHEDULE
Person or Organization Job Description
Any person or organization for whom you are required by written contract or agreement to obtain this waiver of rights from us
80953309 | 24-25 GL-AL-UL-WC-PL | Sherry Young | 7/16/2024 8:49:21 AM (PDT) | Page 10 of 10 25

Agenda Item # 3.B.9.

Council Agenda Report
To: Mayor Stewart and the Honorable Members of the City Council Prepared by: Arthur Aladjadjian, Public Works Superintendent Reviewed by: Rob DuBoux, Public Works Director/City Engineer Approved by: Steve McClary, City Manager
Date prepared: June 13, 2024 Meeting date: August 12, 2024 Subject: Amendment to Professional Services with American Guard Services, Inc.

RECOMMENDED ACTION: Authorize the Mayor to execute Amendment No. 2 to the Professional Services Agreement with American Guard Services, Inc. extending the term of the Agreement to expire July 8, 2025.

FISCAL IMPACT: No additional appropriation is required. Funding for the school crossing guards in the amount of $56,980.80 is included in the Adopted Budget for FY 2024-25 in Account No. 100-3008-5100 (Public Works– Professional Services).

STRATEGIC PRIORITY: This item is part of the day-to-day operations identified in the Adopted FY 2023-24 Strategic Priority Project List. Staff continue to work on ongoing projects and normal business while the FY 2024-25 Strategic Priority Plan is finalized.

DISCUSSION: In 2009, the City responded to resident concerns regarding parking and traffic congestion along Morning View Drive and the safety of the students. After a community meeting with elected and school officials, staff reported back to the City Council with several recommendations to improve the flow of traffic in the area including the hiring of crossing guards.

The crossing guard services agreement provides the City with crossing guards at two (2) crosswalks impacted during school hours on Morning View Drive near Malibu High School and one (1) crossing guard at a crosswalk for Malibu Elementary School. Additionally, this agreement also includes crossing guard services for City events hosted by the Community Services Department.

City Council Meeting
08-12-24
Item

3.B.9.
1

Agenda Item # 3.B.9.

On May 28, 2021, the City issued a Request for Qualifications/Proposals (RFQ/P) for crossing guard services and on June 24, 2021, the City received two RFQ/Ps, one from American Guard Services, Inc. and the other from All City Management Services. City staff reviewed the proposals and determined that American Guard Services, Inc. has the experience, resources and professionalism needed to carry out the duties efficiently and effectively.

On September 13, 2021, City Council executed agreement for professional services for a term of three years with American Guard Services, Inc. Staff recommends authorizing the Mayor to execute Amendment No. 2 to the Professional Services Agreement with American Guard Services, Inc.

ATTACHMENT:

1. Amendment No. 2 to the Professional Services Agreement with American Guard Services, Inc.
2 AMENDMENTN0.2TOAGREEMENT
TIDS AMENDMENT NO. 2 TO AGREEMENT is made and entered in the City of Malibu on August 12, 2024, by and between the CITY OF MALIBU, hereinafter referred to as City, and American Guard Services, Inc. hereinafter referred to as Consultant.

The City and the Consultant agree as follows:

RECITALS
A. On May 28, 2021, the City entered into an Agreement with Consultant for crossing guard services (the "Agreement").

B. On May 23, 2022, the City amended the agreement to adjust the compensation schedule to increase the total number of hours required to provide crossing guard services.

C. City desires to amend the Agreement to extend the term by one year to expire August 12, 2025.

NOW THEREFORE, in consideration of their mutual promises, obligations and covenants hereinafter contained, the parties hereto agree as follows:

1. Section 2.0-Term of Agreement, of the Agreement, is hereby extended to August 12, 2025.

2. The Parties agree that this Amendment will be considered signed when the signature of a party is delivered physically or by facsimile transmission or scanned and delivered via electronic mail. Such facsimile or electronic mail copies will be treated in all respects as having the same effect as an original signature.

3. All terms and conditions of the Agreement not amended by this Amendment No. 2 remain in full force and effect.

This Agreement is executed on __________ , at Malibu, California, and effective as of August 12, 2024.

CITY OF MALIBU:

DOUG STEWART, Mayor
ATTEST:

KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO FORM:

TREVOR RUSIN, Interim City Attorney
Attachment 1
3

Agenda Item # 3.B.10.

Council Agenda Report
To: Mayor Stewart and the Honorable Members of the City Council Prepared by: Brandie Ayala, Sr. Management Analyst
Reviewed by: Rob DuBoux, Public Works Director/City Engineer Approved by: Steve McClary, City Manager
Date prepared: July 15, 2024 Meeting date: August 12, 2024 Subject: Los Angeles County Measure R Transportation Funding Agreement Amendment
RECOMMENDED ACTION: Authorize the Mayor to execute the Los Angeles County Measure R Funding Agreement Amendment for the Pacific Coast Highway Median Improvements Project.

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. Staff continue to work on ongoing projects and normal business while the FY 2024-25 Strategic Priority Plan is finalized.

DISCUSSION: Los Angeles County Measure R was approved by voters in 2008. Measure R provides a half-cent sales tax increase for Los Angeles County to finance new transportation projects and programs. Measure R was projected to generate $40 billion for transportation projects throughout Los Angeles County over the next 30 years. The City’s allocation from Measure R is $26.3 million. The County of Los Angeles provided the City with an additional $12 million for a total allocation to the City of $38.3 million. There is no impact to the General Fund associated with the expenditure of Los Angeles County Measure R funding.

The City identified Pacific Coast Highway (PCH) Median Improvements to use the City’s Measure R funding. This project met the Measure R project eligibility criteria and as such, required a funding agreement between the City and Los Angeles County Metropolitan City Council Meeting
08-12-24
Item

3.B.10.
1

Agenda Item # 3.B.10.

Transportation Authority (Metro). This funding agreement allows the City to be reimbursed all project costs.

On February 14, 2017, Metro approved the funding agreement for the PCH Median Improvements project for $6,950,000. In October 2023, the City received final approval from Caltrans for this project. The project costs were estimated at $5,750,000, which resulted in $1,200,000 in additional project funds. Rather than wait to reallocate these project funds after the project is completed, Staff requested that Metro reallocate $1,200,000 of this approved funding to the PCH Signal Synchronization Project.

On January 17, 2024, Metro approved a funding reallocation between the PCH Median Improvements Project and the PCH Signal Synchronization Project. Funding for the PCH Median Improvements project decreased in the amount of $1,200,000 revising the funding in the amount of $5,750,000. The reduced funding is sufficient to complete the City’s PCH Median Improvements project. The additional $1,200,000 will be transferred to the PCH Signal Synchronization Project revising the project funding to $15,800,000. To decrease the funding from the PCH Median Improvements Project, a funding amendment needs to be executed.

At a future meeting staff will return with a funding amendment for the PCH Signal Synchronization project incorporating the funding adjustment of $1,200,000. A funding amendment is currently being prepared by Metro. Staff will bring this amendment to Council as soon as possible.

Staff recommends the City Council authorize the Mayor to execute Funding Amendment Agreement decreasing the funding for the PCH Median Improvements Project.

ATTACHMENTS:

1. Funding Amendment Agreement with Los Angeles County for the PCH Median Improvements Project

2 FTIP #: LA0G956
Subregion ID: LVMCOG
Project#: MR311.26
Amendment No. 4
FA# 920000000MR31126
Rev: 10.26.2022 1 Measure R Funding Agreement Amendment Highways – General
AMENDMENT No. 4 TO MEASURE R FUNDING AGREEMENT

BETWEEN CITY OF MALIBU AND THE LOS ANGELES COUNTY

METROPOLITAN TRANSPORTATION AUTHORITY
This Amendment No. 4 to the Funding Agreement (this “Amendment”), is dated as of May 6, 2024 by and between the City of Malibu ("Grantee")and the Los Angeles County Metropolitan Transportation Authority ("LACMTA").

RECITALS:

A. Grantee and LACMTA entered into that certain Funding Agreement No. 920000000MR31126, dated February 14, 2017, which was amended on June 18, 2020, June 28, 2021, and January 28, 2023,(the "Existing FA"), which Existing FA provides for the Pacific Coast Highway Raised Median Channelization from Webb Way to Puerco Canyon Road Project which was renamed and revised as to the project limits in January 2024 as the Pacific Coast Highway Raised Median Channelization from John Tyler to Puerco Canyon Road Project (the “Project”); and
B. WHEREAS, the Grantee desires to decrease the Project’s budget of Measure R by $1,200,000 from $6,950,000 to $5,750,000. This amount is within the Board authorized budget decrease for the Project, the total new Project budget is $5,750,000 which was approved by the LACMTA Board on January 25, 2024; and
C. WHEREAS, the Funds are currently programmed for the Project as follows $550,000 in Measure R Funds in Prior Years, $2,500,000 in Measure R Funds in FY 2015-16, $900,000 in Measure R Funds in FY 2016-17 and $1,800,000 in Measure R Funds in FY 2017-18. The total designated amount for the Project is $5,750,000; and D. Grantee and LACMTA desire to amend the Existing FA as provided herein.

Attachment 1
3 FTIP #: LA0G956
Subregion ID: LVMCOG
Project#: MR311.26
Amendment No. 4
FA# 920000000MR31126
Rev: 10.26.2022 2 Measure R Funding Agreement Amendment Highways – General
AGREEMENT:

NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows:

1. Part I, Paragraph 2.2 of the Existing FA is hereby amended by deleting it in its entirety and replacing it with the following: “To the extent the Measure R funds are available, LACMTA shall make to GRANTEE a grant of the Measure R funds in the amount of $5,750,000 (the “Funds”) for the Project. LACMTA Board of Directors action on May 28. 2018 granted the Measure R Funds for the Project.

LACMTA Board of Directors’ action on January 25, 2024, deobligated a portion of the Measure R Funds for the Project. The Funds are currently programmed in Fiscal Years: $550,000 in Prior Years; $2,500,000 in FY 2015-16; $900,000 in FY 2016-17; and $1,800,000 in FY 2017-18.”

2. Part II, Section 9.1 of the Existing FA is hereby amended by deleting it in its entirety and replacing it with the following:
“9.1 GRANTEE must demonstrate timely use of Funds by:
(i) Executing this FA within ninety (90) days of receiving formal transmittal of the FA from LACMTA, or by December 31 of the first Fiscal Year in which the Funds are programmed, whichever date is later; and
(ii) Beginning Project Design, Preliminary Engineering-(PE) within six (6) months from completion of environmental clearance, if appropriate. (iii) Executing Contracts for Construction or Capital purchase within twelve (12) months from the date of completion of design; and
(iv) Delivering Work in accordance with schedule; changes to the schedule will require an Amendment to Attachment C to reflect updated milestone dates.

Meeting the Project milestone due dates as agreed upon by the LACMTA and GRANTEE in Attachment C (Scope of Work) of this FA; and (v) Submitting the Quarterly Progress/Expenditure Reports as described in Part II, Section 6.1 of this FA; and
(vi) Expending the Funds granted under this FA for allowable costs by the lapsing date. All Funds programmed in FY 2013-14 and FY 2014-15 are no longer available. All Funds programmed for FY 2015-16, FY 2016-17, and FY 2017-18 are subject to lapse by June 30, 2025.”
4 FTIP #: LA0G956
Subregion ID: LVMCOG
Project#: MR311.26
Amendment No. 4
FA# 920000000MR31126
Rev: 10.26.2022 3 Measure R Funding Agreement Amendment Highways – General

3. Attachment A of the Existing FA is hereby replaced by Attachment A-1, attached.

4. Attachment B1-3 of the Existing FA is hereby replaced by Attachment B1-4, attached.

5. Attachment C-3 of the Existing FA is hereby replaced by Attachment C-4, attached.

6. Attachment E– TIP Sheet of the Existing FA is hereby replaced by Attachment E-1, attached.

7. Except as expressly amended hereby, the Existing FA remains in full force and effect as originally executed. All rights and obligations of the parties under the Existing FA that are not expressly amended by this Amendment shall remain unchanged. 5 FTIP #: LA0G956
Subregion ID: LVMCOG
Project#: MR311.26
Amendment No. 4
FA# 920000000MR31126
Rev.: 03.08.2023 4 Measure R Funding Agreement Amendment Highways – General
IN WITNESS WHEREOF, the parties have caused this Amendment No. 4 to the FA to be executed by their duly authorized representatives as of the dates indicated below:

LACMTA:

LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY By: ________________________________________ Date: ____________________ Stephanie N. Wiggins
Chief Executive Officer
APPROVED AS TO FORM:

DAWYN R. HARRISON
County Counsel
By: ________________________________________ Date: ____________________ Deputy
GRANTEE:

City of Malibu
By: _______________________________________ Date: ____________________ Doug Stewart
Mayor
APPROVED AS TO FORM:

By: _______________________________________ Date: ____________________ Trevor Rusin
Interim City Attorney
6/21/24
6 FTIP #: LA0G956
SOURCES OF FUNDS Prior Years FY2015-16 FY2016-17 FY2017-18 Total Budget
% of Budget

LACMTA PROGRAMMED FUNDING
MEASURE R FUNDS 550,000 $ 2,500,000 $ 900,000 $ 1,800,000 $ 5,750,000 $ 100%LACMTA PROGRAMMED FUNDS BY YEAR SUBTOTAL 550,000 $ 2,500,000 $ 900,000 $ 1,800,000 $ 5,750,000 $ 100% OTHER SOURCES OF FUNDING:LOCAL: - $ 0%STATE: - $ 0%FEDERAL: - $ 0%PRIVATE OR OTHER: - $ 0% OTHER FUNDING SUBTOTAL - $ - $ - $ - $ 0%
TOTAL PROJECT FUNDS 550,000 $ 2,500,000 $ 900,000 $ 1,800,000 $ 5,750,000 $ 100% ATTACHMENT A-1 - PROJECT FUNDING
Measure R Program - Funding Agreement Projects - FA# 920000000MR31126 Project Title: PCH Raised Median and Channelization from John Tyler to Puerco Canyon Road Project#: MR311.26

PROGRAMMED BUDGET - SOURCES OF FUNDS
Rev. 05.03.19 FA Measure R Hwys Gen Attachment A Project Funds 7 SOURCES OF FUNDS Prior
Expenditures
FY 2023-24
Qtr 1
FY 2023-24
Qtr 2
FY 2023-24
Qtr 3
FY 2023-24
Qtr 4
FY 2024-25
Qtr 1
FY 2024-25
Qtr 2
FY 2024-25
Qtr 3
TOTAL
BUDGET
LACMTA PROGRAMMED FUNDS:

MEASURE R FUNDS:

PAED $733,955 $733,955
PS&E $481,752 $481,752
RW Support $0
Const. Support $17,896 $0 $3,105 $21,001
RW $0
Construction $4,513,292 $4,513,292
Total MEASURE R $1,233,603 $0 $3,105 $0 $4,513,292 $0 $0 $0 $5,750,000 SUM PROG LACMTA FUNDS: $1,233,603 $0 $3,105 $0 $4,513,292 $0 $0 $0 $5,750,000

PROJECT FUNDING
FY20-21, FY21-22, and FY22-23 $1,233,603 $0 $3,105 $0 $4,513,292 $0 $0 $0 $5,750,000 SOURCES OF FUNDS FY 2023-24
Qtr 4
FY 2024-25
Qtr 1
FY 2024-25
Qtr 2
FY 2024-25
Qtr 3
FY 2024-25
Qtr 4
FY 2025-26
Qtr 1
FY 2025-26
Qtr 2
FY 2025-26
Qtr 3
TOTAL
BUDGET
LACMTA PROGRAMMED FUNDS:

MEASURE R FUNDS:

PAED $0
PS&E $0
RW Support $0
Const. Support $0
RW $0
Construction $0
Total MEASURE R $0 $0 $0 $0 $0 $0 $0 $0 $0
SUM PROG LACMTA FUNDS: $0 $0 $0 $0 $0 $0 $0 $0 $0

PROJECT FUNDING
FY22-23, FY23-24, and FY24-25 $0 $0 $0 $0 $0 $0 $0 $0 $0

SUMMARY OF ALL FUNDS
PAED $733,955 $0 $0 $0 $0 $0 $0 $0 $733,955
PS&E $481,752 $0 $0 $0 $0 $0 $0 $0 $481,752
RW Support $0 $0 $0 $0 $0 $0 $0 $0 $0
Const. Support $17,896 $0 $3,105 $0 $0 $0 $0 $0 $21,001 RW $0 $0 $0 $0 $0 $0 $0 $0 $0
Construction $0 $0 $0 $0 $4,513,292 $0 $0 $0 $4,513,292 TOTAL MILESTONES $1,233,603 $0 $3,105 $0 $4,513,292 $0 $0 $0 $5,750,000 SUM PROG LACMTA FUNDS $1,233,603 $0 $3,105 $0 $4,513,292 $0 $0 $0 $5,750,000 SUM NON-LACMTA FUNDS $0 $0 $0 $0 $0 $0 $0 $0 $0
TOTAL PROJECT FUNDING $1,233,603 $0 $3,105 $0 $4,513,292 $0 $0 $0 $5,750,000 ATTACHMENT B1-4 - EXPENDITURE PLAN COST & CASH FLOW BUDGET Measure R Program - Funding Agreement Projects - FA # 920000000MR31126

PROGRAMMED SOURCES OF FUNDS
Project Title: PCH Raised Median and Channeliation from John Tyler to Puerco Canyon Road Project# MR311.26 8 FTIP #: LA0G956
Subregion ID: LVMCOG
Project# MR311.26
Amendment No. 4
Funding Agreement # 920000000MR31126
Rev: 11.1.14 1 FA Attachment C-4
Scope of Work
ATTACHMENT C-4

SCOPE OF WORK
PROJECT TITLE:

Pacific Coast Highway Raised Median and Channelization from John Tyler to Puerco Canyon Road PROJECT LOCATION:

The project is located along Pacific Coast Highway/State Route 1 (PCH/SR 1) in the City of Malibu and the County of Los Angeles.

PROJECT LIMITS:

The project limits are along PCH/SR1 from the intersection of John Tyler to the intersection of Puerco Canyon Road. A distance of approximately 2 miles.

NEXUS TO HIGHWAY OPERATION, DEFINITION/PROJECT PURPOSE:

This project is intended to improve the safety and operations of the highway for all modes of travel by upgrading the raised medians and modifying the cross section of the highway. The project will upgrade and modify the design and seek to reduce the width of the existing medians to improve channelization, standardize lane widths, increase control of turn movements and create additional space for motorists, pedestrians, cyclists, transit and parked cars.

PROJECT BACKGROUND:

The median conditions vary throughout the approximately 2 mile segment. In general, the raised concrete median is old and in need of replacement. In some areas, the raised median is dilapidated and provides little to no grade separation from the travel way. In other sections, cracks have developed allowing weeds to grow requiring maintenance while other areas are simply gravel filled and covered in weeds requiring significant maintenance effort. While other sections have no raised median and provide no physical barriers between the north and south bound travel with a speed limit of 50 MPH.

The project will not only remove and reinstall the raised medians but also seek to reduce the width of the medians to provide more space for multi modal use. The existing medians vary in width from 16’ to 4’ adjacent to turn lanes at the intersections. In most areas, the medians are oversized for their intended purpose. The reconfigured medians would allow for the standardization of lane width and the creation of wider shoulders in some areas. The existing highway shoulders are utilized simultaneously by pedestrians, cyclists, transit, parked cars and other users which creates the potential for conflict. The project will create more space for all users to utilize the lanes and shoulders and reduce the likelihood of collision. Together these improvements would serve to improve traffic flow, promote active transportation and reduce incident delay.

PROJECT BUDGET:

COMPONENT AMOUNT
PA/ED $733,955
PS&E $481,752
Construction Support $21,001
Construction Capital $4,513,292
Total Budget $5,750,000

9 FTIP #: LA0G956
Subregion ID: LVMCOG
Project# MR311.26
Amendment No. 4
Funding Agreement # 920000000MR31126
Rev: 11.1.14 2 FA Attachment C-4
Scope of Work

SCOPE:

In general, the Pacific Coast Highway Raised Medians and Channelization from John Tyler to Puerco Canyon Road (“project”) consists of improvements along Pacific Coast Highway from John Tyler to Puerco Canyon Road. The project will include demolition and earthwork to remove the existing medians and install new raised medians. Work to install the new raised medians may include but is not limited to concrete work, concrete curb and gutter, stormwater conveyance, landscaping and associated utility work. The project shall also include the removal of the existing striping, the installation of new striping, signage and other traffic control devices, asphalt concrete overlay and associated work such as landscaping, irrigation, traffic loops, utility work and other minor components. A stormwater pollution prevention plan and traffic control plan will be prepared and implemented for the project.

PA/ED

The City will contract with a consultant for environmental analysis and permitting services, design services and design services during construction for the project. City staff shall perform project management and oversight.

I. Environmental Analysis – Environmental Clearance and Coastal Development Permit Product

City and Consultant to perform the following tasks:

A. Define a complete and detailed project description and delineate project study areas B. Conduct technical analysis as required for the project including archeological and other studies
C. Prepare environmental documents consistent with CEQA Guidelines for review and approval by the City following completion of appropriate technical analysis and studies.

D. Prepare technical analysis or studies consistent with the City of Malibu’s Local Coastal Program as required for the Coastal Development Permit E. Prepare the Coastal Development Permit Application for review by the City F. Prepare the environmental documents and the Coastal Development Permit application for public circulation
G. Make presentations to regulatory and permitting agencies as necessary H. Prepare responses to public review of draft environmental documents and the Coastal Development Permit application.

I. Prepare all other permit applications, technical studies and notifications required for the project.

DESIGN

The consultant will provide design services and City staff will perform project management and oversight.

I. Preliminary Design – “Design Memo and Renderings” and Caltrans approved Project Initiation Document as Final Work
City and Consultant to perform the following tasks:
10 FTIP #: LA0G956
Subregion ID: LVMCOG
Project# MR311.26
Amendment No. 4
Funding Agreement # 920000000MR31126
Rev: 11.1.14 3 FA Attachment C-4
Scope of Work
A. Conduct field investigations to analyze the existing conditions and identify design issues. Record existing site conditions in drawings, photographs and/or video.

B. Examine and review all Right-of-Way maps, Parcel Maps, As-Built drawings and all other existing documents as appropriate.

C. Research, review and understand City of Malibu Local Coastal Program and City of Malibu General Plan.

D. Provide a complete survey of the project area, establishing horizontal and vertical control for the project.

E. Identify and coordinate with all utilities in the project area to facilitate the final design of the Project.

F. Work with Caltrans to develop the project’s scope and preliminary design to ensure acceptance by Caltrans and compatibility with the Caltrans’ proposed median improvement project from Puerco Canyon Road to Corral Canyon Road.

G. Prepare and submit a Project Initiation Document detailing the proposed project improvements and the supporting engineering analysis.

H. Work with Caltrans, County of Los Angeles, Los Angeles Country Metropolitan Transportation Authority, Pepperdine University and any other applicable municipal or regulatory agencies to develop the project’s scope and preliminary design to ensure acceptance of proposed work within the Caltrans’ right of way.

I. Prepare and submit a “Design Memo” detailing the proposed project improvements and the supporting engineering analysis.

J. Prepare and submit a Preliminary Engineer’s Construction Cost Estimate for all recommended improvements identified in the “Design Memo.” K. Prepare rendering of recommended improvements identified in the “Design Memo.”

II. Final Design – Plans, Specifications and Estimates as Final Work Product

Consultant to perform the following tasks:

A. Design the roadway and sidewalk improvements based on the City reviewed “Design Memo.”
B. Prepare civil plans for the improvements, consistent with City format.

C. Submittal of plan set shall be delivered at 50%, 90% complete and final. Submittals at 50%, 90% and final levels of plans and specifications shall be submitted in hard copy and electronic formats.

D. Assist the City and conduct a Public Meeting at 50%, 90% submittal by preparing exhibits and attending workshop and be prepared to present the proposed project and discuss concerns of the residents, property owners and other stakeholders.

E. Work with Caltrans’ to ensure compatibility and connectivity with the Caltrans’ proposed median improvement project from Puerco Canyon Road to Corral Canyon Road.

F. Prepare technical construction specifications consistent with City format (SSPWC “Greenbook” and CSI Format, most recent editions).

G. Submittal of specifications shall be delivered to the City at 50%, 90% complete and final in hard copy and electronic formats.

H. Prepare an Engineer’s Construction Cost Estimate based on the itemized quantity take-off from the contract documents.

I. Submittal of the Engineer’s Construction Cost Estimate shall be delivered to the City at 50%, 90% complete and final in hard copy and electronic formats. 11 FTIP #: LA0G956
Subregion ID: LVMCOG
Project# MR311.26
Amendment No. 4
Funding Agreement # 920000000MR31126
Rev: 11.1.14 4 FA Attachment C-4
Scope of Work
J. Prepare a Stormwater Pollution Prevention Plan that satisfies the requirements of the City’s stormwater program, Caltrans requirements and all other applicable regulatory agencies.

K. Prepare a traffic control plan that satisfies the requirements of the City and Caltrans.

III. Caltrans Permitting
Consultant to perform the following tasks:

A. Determine the permitting documents and process required by Caltrans (Project Report, Project Study Report, Preliminary Engineering Evaluation Report, Encroachment Permit, etc.)
B. Prepare all Caltrans required permit documentation for the project in accordance with Caltrans
C. Conduct coordination meetings with Caltrans to facilitate permitting.

D. Submittal of plan set shall be delivered at 50%, 90% complete and final. Submittals at 50%, 90% and final levels of plans and specifications shall be submitted in hard copy and electronic formats.

E. Assist the City and conduct a Public Meeting at 50%, 90% submittal by preparing exhibits and attending workshop and be prepared to present the proposed project and discuss concerns of the residents, property owners and other stakeholders.

IV. Project Coordination - Preparation of Periodic Updated Schedule, Deliverables and Meetings

Consultant to perform the following tasks:

A. Meet as needed with the City to accomplish Project tasks as outlined. Meetings expected between the Consultant and City shall include but are not limited to:

Project Kick-off Meeting, presentation of “Design Memo”, regular progress meetings and preparation for the Public Meetings at 50% and 90% design completion.

B. Provide periodic schedule updates on deliverables and meetings as changes to the original schedule occur or as needed based on the needs of the project.

V. Project Management
City to perform the following tasks:

A. Coordinate and oversee environment analysis, Caltrans coordination, permitting, Caltrans permitting, preliminary design, final design and public outreach.

CONSTRUCTION

The City may contract for construction management services for the project through the Request for Proposal process or perform construction management services with City staff. City staff will provide 12 FTIP #: LA0G956
Subregion ID: LVMCOG
Project# MR311.26
Amendment No. 4
Funding Agreement # 920000000MR31126
Rev: 11.1.14 5 FA Attachment C-4
Scope of Work
construction management oversight and hire consultants as necessary. The City will award a low-bid contract for construction. The following tasks shall be performed:

I. Construction Management
City and consultant to perform the following tasks:

A. The Construction Manager (City staff or consultant) will provide contract administration and construction management as well as materials testing and inspection.

B. The Construction Manager shall meet with the City and Design Consultant to perform work as needed to accomplish Project tasks including but is not limited to: Pre-Bid Meeting, Pre-Construction Meeting, regular progress meetings and the review and preparation of Request for Information responses, Request for Change Order responses, progress payment requests, submittals, shop drawings, change orders and project closeout.

II. Design Services During Construction – Responses to RFIs, RFCs, Progress Payment Requests, Review of Submittals, Shop Drawings and Change Orders Consultant to perform the following tasks:

A. The Design Consultant shall meet with the City and the Construction Manager and perform work as needed to accomplish Project tasks including but is not limited to: Pre-Bid Meeting, Pre-Construction Meeting, regular progress meetings and the review and preparation of Request for Information responses, Request for Change Order responses, progress payment requests, submittals, shop drawings, change orders, and project closeout.

III. Construction Contract

Contractor will perform the following tasks:

A. Construct project in accordance with the plans and specifications.

IV. Project Management
City to perform the following tasks:

A. Coordinate and oversee construction, construction management, and design services during construction.

B. Host Ribbon Cutting Ceremony.

MILESTONES: The estimated implementation schedule for this project will be as follows Milestone Estimated Timeframe
(a) Preliminary Design February 2017 – March 2019
(b) Final Design March 2019 –September 2023
13 FTIP #: LA0G956
Subregion ID: LVMCOG
Project# MR311.26
Amendment No. 4
Funding Agreement # 920000000MR31126
Rev: 11.1.14 6 FA Attachment C-4
Scope of Work
(c) Environmental Analysis and Permitting September 2019 – October 2023

(d) Public Bid for Construction October 2023 – November 2023

(e) Award Construction Contract January 2024 – January 2024 (f) Construction January 2024 – June 2024

CONSTRUCTION MILESTONES: The estimated implementation schedule for this project will be as follows.

START DATE COMPLETION DATE
Solicitation (Bid/Proposal)
Develop Solicitation Package July 2023 October 2023
Solicitation Response November 2023
Evaluations December 2023
Selection December 2023
City Council Approval Process January 2024
Contract Award January 2024
Fully Executed Contract January 2024
Excavation
Clear/Grub January 2024 June 2024
Survey January 2024 June 2024
Grading January 2024 June 2024
Compaction January 2024 June 2024
Drainage January 2024 June 2024
Median & Associated Landscape Work January 2024 June 2024 Concrete January 2024 June 2024
Form Work January 2024 June 2024
Asphalt Concrete January 2024 June 2024
AC Overlay January 2024 June 2024
Traffic Control January 2024 June 2024
TMP January 2024 June 2024
Utilities January 2024 June 2024
DWP January 2024 June 2024
SCE January 2024 June 2024
Materials January 2024 June 2024
Staging January 2024 June 2024
Signage January 2024 June 2024

START DATE COMPLETION DATE
General Construction/close out project January 2024 June 2024 Change Orders
P.O. Processing Time January 2024 June 2024
Weather Delays January 2024 June 2024
Third Party Issues January 2024 June 2024
Claims January 2024 June 2024
14 FTIP #: LA0G956
Subregion ID: LVMCOG
Project# MR311.26
Amendment No. 4
Funding Agreement # 920000000MR31126
Rev: 11.1.14 7 FA Attachment C-4
Scope of Work
ATTACHMENT C -Location Map(s)

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Attachment E-1
16

Agenda Item # 3.B11.

Council Agenda Report
To: Mayor Stewart and the Honorable Members of the City Council Prepared by: Joseph D. Toney, Assistant City Manager
Reviewed by: Alexis Brown, Deputy City Manager
Approved by: Steve McClary, City Manager
Date prepared: July 2, 2024 Meeting date: August 12, 2024 Subject: Malibu Education Foundation Memorandum of Understanding Amendment
RECOMMENDED ACTION: 1) Authorize the Mayor to execute Amendment No. 1 to the Memorandum of Understanding (MOU) between the City and the Malibu Education Foundation (MEF) for a General Fund Grant.

FISCAL IMPACT: No additional appropriation is required. Funding for this amendment is included in the Adopted Budget for Fiscal Year 2024-25 in Account No. 100-7001-5930.02 (City Council-Community Grants-Malibu Education Foundation).

STRATEGIC PRIORITY: This item was not included in the Adopted FY 2023-24 Strategic Priority Project List. Staff continue to work on ongoing projects and normal business while the FY 2024-25 Strategic Priority Plan is finalized. At the Council’s direction, this project can be brought back at a future Strategic Planning meeting for prioritization.

DISCUSSION: On February 12, 2024, the City Council approved the MOU with MEF establishing a centralized fundraising entity and approving a one-time grant of $353,100, to pursue the Phase I fundraising goals of the entity. The MOU required that the MEF file to establish a 501(c)3 with the Internal Revenue Service, and provide regular quarterly reporting on programming and financials 30 days at the end of each quarter, with the first period commencing January 1, 2024, to March 31, 2024. The requirements of the MOU were satisfied.

City Council Meeting
08-12-24
Item

3.B.11.

Agenda Item # 3.B11.

Phase I objectives of the $353,100, were as follows:
• $175,000 in Funding for staff (2023-24 School Year): 9 Instructional Aides and 2 arts teachers across the elementary schools. SMMUSD is providing $200,000 (June 2024). Funding enables parents across the schools to volunteer to support the launch of the entity.
• $22,000 Funding for a Fundraising Consultant: Six-month contract with a consultant to assess the opportunity, develop a roadmap strategy, fundraising benchmarks and help with the job description and search for the Executive Director, to be hired in Phase 2 (July 2024).
• $156,100 Funding for an Athletics Pathway: Hire an athletics coordinator (1 year contract) and launch Middle School athletics program in Spring 2024 (June 2024).

For Phase II, the MEF is requesting $265,000. In addition, they are coordinating with the schools whose requests total $50,000. The total request is $315,000, to fund the following objectives in Phase II:
• Officially Launch Malibu Education Foundation - summer 2024:
• Hire an Executive Director
• Partner with Malibu Moves Road Race as charity partner in October 2024
• Further establish partnerships with fundraising entities across each school
• Continue planned path to self-funding by 2027.
• Expand of the Athletics Pathway - 2024-2025 School Year • Plan a full year of Middle School Athletics
• Summer athletics programs for incoming 6th - 8th graders • Secure additional home games and organize transportation for away games
• Instructional Aides and Arts Support - 2024-2025 School Year • Partner with Webster and Malibu Elementary School to ensure continued support for four (4) instructional aides and one (1) art teachers in each school.
• Malibu Elementary School PTA: $20,000; Webster Elementary School PTA:
$20,000
• Each Elementary School has a staffed arts program, with arts classes integrated into the curriculum for the estimated 260 students at each school.
• Both schools used their Malibu City General Fund Grants from the 2023- 2024 school year to supplement the cost of their arts programs, which totaled $40,000 at Webster Elementary and $50,000 at Malibu Elementary School.

Agenda Item # 3.B11.
• In the absence of Prop 28 funding from the district (which has not been disbursed), the PTAs were responsible for raising the remaining funds. • Once established, Malibu Education Foundation will assume responsibility for the funding of staff and staffed programs, including arts, to ensure a progressive educational pathway from TK through to 12th. • In the upcoming year, each arts program is anticipated to cost $50,000 per school as both art teachers will be engaged through the same external organization to more seamlessly manage the personnel requirements of staff.
• This funding will ensure the continuation of a robust arts education program in our elementary schools.
• Malibu Middle & High School PTSA / The Shark Fund: $10,000 • The Shark Fund and the Malibu Middle & High School PTSA have requested Malibu City General Grant funding over the years (not last year), and intended to submit a request this year for support of the safety and mindfulness initiative spearheaded by PTSA (which is funded by The Shark Fund in Middle and High School). This initiative includes:
• Red Ribbon Week (drug prevention) and Safe on PCH Week (safe driving)
• Organization of the Safety Council to ensure regular dialogue between law enforcement, urgent care and our 4 school site parent leaders
• Ongoing mindfulness programs for parents and students in partnership with community partners to address the increase in stress and anxiety across the school community.

Shall the City Council approve the Amendment to the MOU, disbursement of $315,000, shall commence upon signatures of all parties.

ATTACHMENTS:

1. Amendment 1 to MOU

2. Quarterly Report January – March 2024

3. Letter: PTA Grant Request from Malibu Education Foundation

4. Letter: PT(S)A Grant Request from Malibu Education Foundation AMENDMENT NO. 1 TO AGREEMENT FOR GRANT FUNDS
THIS AMENDMENT NO. 1 is made and entered into on July __, 2024, by and between the CITY OF MALIBU (the “City”) and the Malibu Education Foundation, a 501(c)(3) nonprofit entity (the “Grant Recipient”).

R E C I T A L S
A. On February 12, 2024 the City entered into an Agreement for grant funds with Grant Recipient for the support of educational opportunity within the City and to establish a centralized fundraising entity for educational purposes (the “Agreement”).

A. Grant Recipient has complied with its reporting requirements under the Agreement to provide the City with regular quarterly reporting on programming and financials at the end of each quarter of the fiscal year.

B. The City Council finds and determines that the Grant Recipient’s program has provided a substantial public benefit to the community in the form of increased educational opportunity for children within the City and that continued financial support is necessary for the organization to achieve its educational objectives.

C. The City provided funding to Grant Recipient in Phase I, whose objectives are described in Subsections 2.1.2.1 through 2.1.2.3 of the Agreement (“Phase I objectives”).

D. Grant Recipient proposes to engage in additional objectives (“Phase II objectives”), which relate to supporting public school education in the City, as authorized by Subsection 2.1.2.4 of the Agreement.

E. Grant Recipient was previously awarded $353,100.00 of grant funds, and the parties now desire to amend the Agreement to provide Grant Recipient with an additional $315,000.00 of funding for the Phase II objectives.

NOW THEREFORE, in consideration of their mutual promises, obligations and covenants hereinafter contained, the parties hereto agree as follows:

1. Recitals. All recitals above are true, correct, and incorporated herein by reference.

2. Additional Grant Funds.The City shall provide Grant Recipient with additional funding in the amount of $315,000.00 and Section 2.1.1 of the Agreement shall be amended to read in its entirety as follows:

2.1.1. Amount of Grant Funds: The City agrees to provide the Grant Recipient with a grant not to exceed (“NTE”) $668,100.00 (“Grant” or “Grant Funds”) in accordance with the Grant Purposes, as described in Section 2.1.2.

3. Phase I. Subsections 2.1.2.1 through subsection 2.1.2.3 of the Agreement may hereafter be known and referenced as the “Phase I objectives.”

4. Phase II. In accordance with subsection 2.1.2.4, the City authorizes the following additional Purposes to be known and referenced as the “Phase II objectives,” as stated below:

A. Officially Launch Malibu Education Foundation - summer 2024:
a. Hire an Executive Director or Development Director to lead fundraising efforts b. Partner with Malibu Moves Road Race as charity partner in October 2024 c. Further establish partnerships with fundraising entities across each school Attachment 1 {
d. Continue planned path to self-funding by 2027.

B. Expand the Athletics Pathway - 2024-2025 School Year a. Plan a full year of Middle School Athletics
b. Summer athletics programs for incoming 6th - 8th graders c. Secure additional home games and organize transportation for away games C. Instructional Aides and Arts Support - 2024-2025 School Year a. Partner with Webster and Malibu Elementary School to ensure continued support for four (4) instructional aides and one (1) art teacher in each school.

D. Malibu Elementary School PTA: NTE $20,000; Webster Elementary School PTA: NTE $20,000
a. Each Elementary School has a staffed arts program, with arts classes integrated into the curriculum for the estimated 260 students at each school. b. Both schools used their Malibu City General Fund Grants from the 2023-2024 school year to supplement the cost of their arts programs, which totaled $40,000 at Webster Elementary and $50,000 at Malibu Elementary School. c. In the absence of Prop 28 funding from the district (which has not been disbursed), the PTAs were responsible for raising the remaining funds. d. Once established, Malibu Education Foundation will assume responsibility for the funding of staff and staffed programs, including arts, to ensure a progressive educational pathway from TK through to 12th.
e. In the upcoming year, each arts program is anticipated to cost $50,000 per school as both schools will equalize their art program costs and more seamlessly manage the personnel requirements.
f. This funding will ensure the continuation of a robust arts education program in our elementary schools.

E. Malibu Middle & High School PTSA / The Shark Fund: NTE $10,000. The Shark Fund and the Malibu Middle & High School PTSA have requested Malibu City General Grant funding over the years (not last year), and intended to submit a request this year for support of the safety and mindfulness initiative spearheaded by PTSA (which is funded by The Shark Fund in Middle and High School). This initiative includes:
a. Red Ribbon Week (drug prevention) and Safe on PCH Week (safe driving) b. Organization of the Safety Council to ensure regular dialogue between law enforcement, urgent care and our 4 school site parent leaders c. Ongoing mindfulness programs for parents and students in partnership with community partners to address the increase in stress and anxiety across the school community.

5. Remainder of Agreement Unaffected. The parties hereto acknowledge and agree that except as expressly modified hereby, the Agreement remains unmodified and in full force and effect. In the event of any conflict or inconsistency between the terms of this Amendment No. 1 and the Agreement, the terms of this Amendment No. 1 shall control.

SIGNATURES APPEAR ON NEXT PAGE
{
This Agreement is executed on ________________, 2024 at Malibu, California.

CITY OF MALIBU:
____________________________________
STEVE McCLARY, City Manager
ATTEST:
____________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
GRANT RECIPIENT:
_______________________________________
By: KARIN AL-HARDAN
Title: President
APPROVED AS TO FORM:
____________________________________
TREVOR RUSIN, Interim City Attorney

MALIBU EDUCATION FOUNDATION

QUARTERLY PROGRAM REPORT
JANUARY - MARCH 2024

PREPARED BY KARIN AL-HARDAN

PRESIDENT, MALIBU EDUCATION FOUNDATION
[email protected]
1 APRIL 30, 2024
MALIBU

EDUCATION

FOUNDATION

QUARTERLY PROGRAM REPORT
Attachment 2

MALIBU EDUCATION FOUNDATION

QUARTERLY PROGRAM REPORT
JANUARY - MARCH 2024

PREPARED BY KARIN AL-HARDAN

PRESIDENT, MALIBU EDUCATION FOUNDATION
[email protected]

OVERVIEW
I
n January 2024, the Malibu City Council approved disbursement of a Grant of $353,100 as part of the City of Malibu General Fund Grant Program for seed funding support for Phase 1 (January - June 2024) of the launch of the Malibu Education Foundation (The Foundation). This Grant aligns with the City of Malibu’s interest in supporting the education of its children, promoting the academic achievement of those in the community, and improving the availability and quality of education within the community.

This effort is being led by a group of parent and community leaders to ensure ongoing program and staffing parity with Santa Monica and surrounding area public schools with the following objectives:

1. Establish the launch strategy and operational plan for the Malibu Education Foundation ($22,00).

2. Launch an Athletics Pathway ($156,100) to establish parity with Santa Monica public schools.

3. Supplement the cost of Instructional Aides ($175,000) to enable parent volunteers to support the establishment of Malibu Education Foundation.

The Foundation entered into a MOU with the City of Malibu on February 12, 2024. The initial funding disbursement of $200,000 was received on March 6th, 2024, with the next disbursement of $152,100 scheduled for May 1, 2024.

This quarterly report describes the progress made to date for each program objective for the January 1st to March 31st period.

The Mission of Malibu Education Foundation is a community-driven fundraising organization dedicated to enhancing educational opportunities and enabling a vibrant academic experience for students in Malibu public schools. 1 MALIBU EDUCATION FOUNDATION

QUARTERLY PROGRAM REPORT
JANUARY - MARCH 2024

PREPARED BY KARIN AL-HARDAN

PRESIDENT, MALIBU EDUCATION FOUNDATION
[email protected]

GRANT OBJECTIVES PROGRAM REPORT
1: ESTABLISH A MALIBU EDUCATION FOUNDATION
GRANT OBJECTIVES: The purpose of the Grant was to support the groundwork necessary to establish a new centralized fundraising entity including:

1. Create a fundraising entity

2. Establish a fundraising strategy

3. Align fundraising entities (PTAs, School Boosters)

4. Establish launch plans and publish to the community

5. Contract with a professional education nonprofit consultant for insights & guidance

6. Launch a search for an Executive Director to be hired for Phase 2 (July 2024) ACTIVITIES AND RESULTS (January - March 2024):

The fundraising entity has been created. Malibu
Education Foundation enlisted the help of a lawyer
legally established the Foundation as California
Nonprofit on February 21, 2024, with bylaws, a bank
account, a Board of Directors and Officer Team in
place. The Foundation has filed for a 501(c)(3) and
has launched a placeholder website at
www.MalibuEducationFoundation.org.

A Strategic Plan and Operating Plan for the
2024-2025 FY was created by the Officers with the
guidance of a professional education nonprofit
consultant and the Board of Directors.

The Officers have been meeting with the three PTAs,
The Shark Fund, the Athletic Booster Club and Arts
Angels to gain alignment and ensure all are
committed to support the launch of the Foundation.

As an alignment example, the elementary school
PTAs refrained from submitting independently for
the City of Malibu General Fund Grant Program in
alignment with the forthcoming request from the
Foundation for Phase 2 Funding.

The Job Description for the Executive Director has
been created and approved for release.
2 MALIBU EDUCATION FOUNDATION
Officers
Karin Al-Hardan, President
Amber Vanderbilt, Vice President
Elena Eggers, Recording Secretary
Jessica Muchmore, Treasurer
Board of Directors
Melanie Heseker
Kasey Earnest
Jarel Taylor
Carl Randall
Maggie Castle
Mark Arnold
Jeff Jennings
Skylar Peak
Seth Jacobson
Advisory Board
Stacy Rouse
Craig Foster
Siugen Constanza
Sion Roy (Webster PTA President)
Kevin Keegan (MMS/MHS PTSA President)
Josh Donfeld (MES PTA President

MALIBU EDUCATION FOUNDATION

QUARTERLY PROGRAM REPORT
JANUARY - MARCH 2024

PREPARED BY KARIN AL-HARDAN

PRESIDENT, MALIBU EDUCATION FOUNDATION
[email protected]
CHALLENGES ENCOUNTERED:

The goal is to have the 501(c)(3) in time for launch of the Foundation in August, but it is not guaranteed. Without the guarantee of tax deductibility, fundraising efforts may be impacted.

Resolution: If necessary, The Shark Fund can act as fiscal sponsor for Malibu Education Foundation to ensure donors can claim a tax donation. and a separate bank account in order to offer tax acknowledgments for donations in the near term.

THE NEXT THREE MONTHS:

The Foundation plans to focus on four activities over the next 3 months:

1. Identify an Executive Director. To minimize costs, the Officers and Board will lead the outreach to the community to surface candidates. We may enlist the help of the consultant to vet the candidates prior to panel interviews, including members of the board, the officer team and key community members.

2. Organize Parent Meetings. The officer team will meet with PTAs, set up coffee chats and be present at school to create awareness, gain feedback and secure volunteer support for the Foundation.

3. Execute the Operational Plan. In preparation for an August 2024 launch, the Officer team and Board will provide the support needed for the launch of the Van Dyke Endowment for the Arts on June 15th and the Annual Campaign in August.

4. Secure Funding Support for Phase 2: In order to executed against the operational plan, a formal grant request to the City Council will be delivered in May and a presentation to the Board of Education will be delivered by June.
2: LAUNCH AN ATHLETICS PATHWAY
GRANT OBJECTIVES: The purpose of the Grant was to ensure parity with Santa Monica by funding the launch of an athletics pathway, until the Foundation was able to fund it, including:

1. Hiring an Athletics Coordinator (1 year contract)

2. Launching the Middle School Athletics Program in Spring 2024

3. Create three competitive sports Teams

4. Establish an alignment plan with Malibu City recreation and community athletics programs
ACTIVITIES AND RESULTS (January - March 2024):

Daryl Adam was hired as the Athletics Coordinator. The candidate search launched as soon at Grant funding was approved in January. A series of candidates were interviewed by parents, students and staff and the contract for Daryl Adams as Athletic Coordinator was submitted and approved by the Board of Education on February 14th. Daryl started in the role on February 15th to the delight of students, faculty and parents. 3 MALIBU EDUCATION FOUNDATION

QUARTERLY PROGRAM REPORT
JANUARY - MARCH 2024

PREPARED BY KARIN AL-HARDAN

PRESIDENT, MALIBU EDUCATION FOUNDATION
[email protected]
Promotion for the no-cut program began the following week and registration and practices began the first week of March. Registration exceeded expectations with 130 students registered ~ 50% of the school - against
goal of 60. Exceeding our KPI by 116%.

Six competitive teams were registered
with FIYA league - 1 Girls Soccer, 2 Boys
Soccer, 2 Volleyball, 1 track & Field, six
coaches were hired and uniforms
purchased. The first game was played by
Girls D-1 Soccer against Culver City on
3/18. All teams have been competing with
area schools (Santa Monica, Beverly Hills
and Culver City). With six teams
established against our goal of three
competitive teams, we’ve exceeded our KPI
by 100%.

Athletic Coordinator Daryl Adams has
engaged with AYSO, MLL and Malibu City
to open dialogue, ensure field
coordination (AYSO) and discuss plans for
Winter Basketball (Malibu City). The
intention is to collaborate and coordinate
to keep more kids in more sports programs
and align efforts where possible.

CHALLENGES ENCOUNTERED:

The transportation budget was depleted as we had to shift funding to support additional coaches, league fees and uniforms and all but one of our games this season are away (new to the league, and far from our competitive schools). We had originally allocated $30,000 for transportation and had to reduce to $15,000 - with buses costing $1,000-$1,600 per trip.

Resolution: A parent meeting was called at the end of March to begin the approval process for parent volunteer drivers and a poll sent to identify the games where a bus was absolutely necessary. Daryl is getting himself and his coaches approved to drive the school vans, there are 2, but each only seat 6. Transportation is an ongoing issue for both MMS + MHS and alternative solutions should be explored in the coming year.

As a no cut program, the intent is to encourage every student to play sports with their school peers. This has been successful in getting more students interested in sports, but creates a risk of losing the more skilled, competitive athletes we want to keep engaged into high school and has raised some parent concerns. Resolution: The Athletic Coordinator is evaluating the creation of league by grade levels and creating smaller teams as we move forward with more lead time. We will continue to communicate the intent of the program. 4 MALIBU EDUCATION FOUNDATION

QUARTERLY PROGRAM REPORT
JANUARY - MARCH 2024

PREPARED BY KARIN AL-HARDAN

PRESIDENT, MALIBU EDUCATION FOUNDATION
[email protected]
THE NEXT THREE MONTHS:

The Foundation is working with the principals and Athletic Coordinator to focus on the following activities over the next 3 months:

1. Plan for Summer Clinics and 2024-25 Sports. The Athletic Coordinator is developing a plan for 1-2 summer clinics to prepare incoming 6-8 graders.

2. Launch registrations for Fall Sports. Early registration to plan teams, order uniforms and hire coaches - and enable parents to plan ahead. A strong response is expected for Fall with the momentum created and lead time provided.

3. Establish the MMS Athletics Committee: A group of 15 parents participated in the launch of the program. We will formalize this group to provide ongoing support to the Athletics Coordinator, parents and student athletics as well as brainstorming an annual fundraising idea for the Athletics Endowment.
3: INSTRUCTIONAL AIDES & ARTS PURPOSES:

GRANT OBJECTIVES: The purpose of the Grant was to ensure parity with Santa Monica by funding the launch of an athletics pathway, until the Foundation was able to fund it, including:

1. Retain 9 instructional aides and 2 art teachers across 2 elementary schools

2. Provide dedicated art classes to all students across 2 elementary schools

3. Ensure grade level proficiency through additional academic support provided by the 9 instructional aides

4. Identify three volunteer parents per school to shift their fundraising support to the Malibu Education Foundation
ACTIVITIES AND RESULTS (January - March 2024):

The Foundation has been working with SMMUSD finance to secure the billing statements for Instructional Aides for Malibu Elementary School and Webster Elementary School for the 2023-24 School Year, to confirm that the $150,00 the district committed in support of Instructional Aides is applied, and to ensure billing statements are shared with both the elementary school PTA and the Foundation.

The Foundation has also been working with SMMUSD to quantify endowment funding previously disbursed by SMMEF and to be used for specific arts programming in Malibu (elementary school music and dance) and established this will be addressed and transitioned to the Foundation for the 2025-2026 school year.

The Foundation had also been working with Isaac to shift the elementary school art teachers to district contractor payroll, to enable Prop 28 funding to be applied and for protection for the staff and PTAs. It’s been determined that funding directly through PS ARTS may be a better longer-term direction to ensure continuity, benefits and support for the designated art teachers.
5 MALIBU EDUCATION FOUNDATION

QUARTERLY PROGRAM REPORT
JANUARY - MARCH 2024

PREPARED BY KARIN AL-HARDAN

PRESIDENT, MALIBU EDUCATION FOUNDATION
[email protected]
CHALLENGES ENCOUNTERED:

District funding for arts programs at both elementary schools, drawn from Prop 28 funding was offered as part of the SMMUSD support, but has not yet been released. This has kept the burden of funding arts teachers on the elementary school PTAs. Projected Allocation: $49,415 for elementary schools (MES = $24,318, Webster = $25,097). The guidelines around the use of Prop 28 funds are still in discussion, which has held up distribution. Resolution: PTAs raised the funds for this year, enabled by the funding support for Instructional Aides. The funds will accrue, so we work with principals to will offset the 2024-2025 arts education costs.

Malibu Elementary School hired 3 additional instructional aides this school year, at incremental cost of $72,854.71, with one additional role yet to be filled. The Foundation had not contemplated this increased cost in its plan and the addition of these roles is jeopardizing continued funding support from SMMUSD for the 2024-2025 school year. Resolution: The Foundation is appealing to the Board of Education for continued support, and working with Malibu Elementary School PTA to ensure fundraising support to ensure the incremental staff are funded.

District billing for the current year has not yet been received by either elementary school. The Foundation is working with SMMUSD finance to provide the billing statements for instructional aides and apply the $150,000 committed by the SMMUSD in support of this effort, however the response time lags given the magnitude of our request versus their oversight. Resolution:

Outreach to SMMUSD finance will continue until resolved.

QUARTERLY FINANCIAL REPORT
FINANCIAL SUMMARY: The Foundation leveraged existing relationships and financial operations structures to secure pay on actuals agreements, and sought donated support where possible to remain in budget. As examples:

1. Malibu Education Foundation: To accommodate the legal costs, the consultant term was reduced to four months and the website will initially be created on a self-serve platform, managed by volunteers. The logo and style guide creation is being created and donated by a parent in the advertising industry.

2. Athletics Pathway: To accommodate the increased number of players and therefore coach, registration and uniform costs, the transportation budget was reduced and alternative means of transportation continue to be explored.

3. Instructional Aides and Arts: The payment and funding process for classroom staffing is taking more time to align and settle with SMMUSD finance, but the instructional aides are receiving their pay from the district and the PTAs have continued to pay the arts instructors in the interim so there has been no classroom staffing disruption. 6 MALIBU EDUCATION FOUNDATION

QUARTERLY PROGRAM REPORT
JANUARY - MARCH 2024

PREPARED BY KARIN AL-HARDAN

PRESIDENT, MALIBU EDUCATION FOUNDATION
[email protected]
Following is the Budget vs. Actuals Statement as of March 31, 2024, with accruals as of April 25, 2024.
7 SPECIAL GRANT REQUEST
Malibu City General Grant Fund
DATE: May 13, 2024
TO: Malibu City Council: Mayor Uhring, Mayor Pro Tem Stewart, Council Members Silverstein, Riggins and Grisanti
FROM: Karin Al-Hardan, President, Malibu Education Foundation RE: PTA Grant Request from Malibu Education Foundation
As part of our Phase 1 efforts, Malibu Education Foundation to request $265,000 in Phase 2 seed funding support from the Malibu City General Fund to continue our initiatives aimed at enhancing public education in the Malibu community.

In January 2024, the Malibu City Council approved disbursement of a Grant of $353,100 as part of the City of Malibu General Fund Grant Program for seed funding support for Phase 1 (January - June 2024) of a three phase plan. Phase 1 is nearing successful completion and on track to meet and exceed the established KPIs. Specifically, Phase 1 seed funding supported:

1. The establishment of the Malibu Education Foundation (The Foundation), funding legal costs, an education nonprofit consultant and securing urls for the website:
malibueducationfoundation.org.

2. The successful launch of an athletics pathway in Malibu Middle School, with 130 students (half the school) participating in interscholastic Spring Sports across 6 teams.

3. Funding for elementary school instructional aides across our two elementary schools in the current school year, to provide additional support to students and ensuring grade level proficiency.

This grant request aligns with the City of Malibu’s interest in supporting the education of its children, promoting the academic achievement of those in the community, and improving the availability and quality of public education within the community.

Core objectives for Phase 2 include:
- Officially Launch Malibu Education Foundation - summer 2024:
- Hire an Executive Director
- Partner with Malibu Moves Road Race as charity partner in October 2024 - Further establish partnerships with fundraising entities across each school - Continue planned path to self-funding by 2027.
- Expand of the Athletics Pathway - 2024-2025 School Year - Plan a full year of Middle School Athletics
- Summer athletics programs for incoming 6th - 8th graders - Secure additional home games and organize transportation for away games - Instructional Aides and Arts Support - 2024-2025 School Year - Partner with Webster and Malibu Elementary School to ensure continued support for four (4) instructional aides and one (1) art teachers in each school.

Please see the following page for supporting materials and information, attached and included.

If there are any questions or need for clarification, please do not hesitate to reach out to [email protected] or 310-709-2255.

Attachment 3
In support of this request, attached you will find:
- Malibu Education Foundation Quarterly Report (submitted to Malibu City Council on 4/30/24) - The Job Description for the Executive Director
- Malibu Education Foundation Bylaws
- Nonprofit registration (501c3 is pending approval)
Three year budget projection to self funding, from January 8th City Council Meeting Presentation. Budget projections remain in line with this estimate. 2024-2025 Budget is currently in development for review and approval by the Foundation board.

SPECIAL GRANT REQUEST
Malibu City General Grant Fund
DATE: May 13, 2024
TO: Malibu City Council: Mayor Uhring, Mayor Pro Tem Stewart, Council Members Silverstein, Riggins and Grisanti
FROM: Karin Al-Hardan, President, Malibu Education Foundation RE: PT(S)A Grant Request from Malibu Education Foundation As part of our Phase 1 efforts, Malibu Education Foundation aligned with the other fundraising entities in Malibu - Webster PTA, Malibu Elementary School PTA, Malibu Middle & High School PTSA and The Shark Fund - we agreed to coordinate and combine our grant funding request.

With this, Malibu Education Foundation is requesting $50,000 in grant funding on behalf of each PT(S)A to support the following at each school site. This funding was separate and not contemplated in the original 3 year projection presented to City Council in January 2024.

Malibu Elementary School PTA: $20,000
Webster Elementary School PTA: $20,000
- Each Elementary School has an staffed arts program, with arts classes integrated into the curriculum for the estimated 260 students at each school. - Both schools used their Malibu City General Fund Grants from the the 2023-2024 school year to supplement the cost of their arts programs, which totaled $40,000 at Webster Elementary and $50,00 at Malibu Elementary School.
- In the absence of Prop 28 funding from the district (which has not been disbursed), the PTAs were responsible for raising the remaining funds.
- Once established, Malibu Education Foundation will assume responsibility for the funding of staff and staffed programs, including arts, to ensure a progressive educational pathway from TK through to 12th.
- In the upcoming year, each arts program is anticipated to cost $50,000 per school as both art teachers will be engaged through the same external organization to more seamlessly mange the personnel requirements of staff.
- This funding will ensure the continuation of a robust arts education program in our elementary schools.

Malibu Middle & High School PTSA / The Shark Fund: $10,000 - The Shark Fund and the Malibu Middle & High School PTSA have requested Malibu City General Grant funding over the years (not last year), and intended to submit a request this year for support of the safety and mindfulness initiative spearheaded by PTSA (which is funded by The Shark Fund in Middle and High School). This initiative includes:
- Red Ribbon Week (drug prevention) and Safe on PCH Week (safe driving) - Organization of the Safety Council to ensure regular dialogue between law enforcement, urgent care and our 4 school site parent leaders
- Ongoing mindfulness programs for parents and students in partnership with community partners to address the increase in stress and anxiety across the school community.

If there are any questions or need for clarification, please do not hesitate to reach out to [email protected] or 310-709-2255.

Attachment 4

Agenda Item # 3.B.12.

Council Agenda Report
To: Mayor Stewart and the Honorable Members of the City Council Prepared by: Kelsey Pettijohn, City Clerk
Approved by: Steve McClary, City Manager
Date prepared: July 23, 2024 Meeting date: August 12, 2024 Subject: Resolution Extending the Declaration of the Existence of a Local Emergency Regarding Conditions on Pacific Coast Highway (PCH) RECOMMENDED ACTION: Adopt Resolution No. 24-40 extending the declaration of the existence of a local emergency related to the increase of reckless and illegal driving on pacific coast highway and directing staff to coordinate efforts with other governmental agencies to increase attention and create programs to reduce the risk and danger associated with pacific coast highway in the City.

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: On November 13, 2023, the Council adopted Resolution No. 23-52 declaring the existence of a local emergency in response to increasing reckless and illegal driving on PCH. The Council last reviewed and extended this declaration on June 24, 2024.

The California Emergency Service Act allows the City to proclaim a local state of emergency when needed to protect the public safety in dire circumstances. The status and use of Pacific Coast Highway (“PCH”) currently constitutes a condition, or threatened condition, of extreme peril to the safety of persons and property within the City of Malibu.

PCH is the City’s main thoroughfare and each day serves as a commuting route, a residential street, a business corridor, and for persons accessing beaches and other local recreation amenities, a pathway used by pedestrians and cyclists. PCH is a California State Highway (State Route 1) that is managed and maintained by the California Department of Transportation (“Caltrans”) with a posted speed limit ranging between 45- City Council Meeting
08-12-24
Item

3.B.12.

Agenda Item # 3.B.12.
55 miles per hour in the City. Excessive speeding, reckless driving, unsafe U-turns, and distracted driving caused by cell phone use and other distractions have resulted in increased collisions with other motorists, cyclists and pedestrians on PCH that have resulted in injury and death.

According to data from the Statewide Integrated Traffic Records System obtained through UC Berkley’s Transportation Injury mapping system, between 2018 and 2022 there were 22 deadly crashes on PCH in the City, resulting in the death of 23 people. Data from the California Highway Patrol indicates that there have been 49 fatalities along PCH in Malibu from 2012-22. And finally, the Los Angeles Times has reported that there have been 170 combined deaths and serious injuries to drivers, passengers, cyclists and pedestrians between 2011 and 2023 along PCH in the City. Further, countless other close calls or near misses from the danger posed by the conduct on PCH are impossible to quantify. More recently, a crash occurred on PCH resulting in the tragic and unnecessary loss of four Pepperdine University students who were walking along PCH. According to authorities, the driver of the car was allegedly traveling at a speed in excess of 100 miles per hour when his vehicle lost control, sideswiped at least three parked cars and then crashed into a group of people including the four Pepperdine University students and two others.

These statistics and most recent tragedies are all consistent with the day-to-day experience of City residents, visitors, officials, and staff. PCH has become increasingly dangerous to residents and visitors due to the common occurrence of drivers speeding, driving recklessly, or driving while distracted. Residents and visitors are now forced to weigh and modify their use of PCH depending on the time of day and other factors (e.g., weather, weekend vs. weekday, existing traffic conditions, etc.) because of the danger posed. Despite efforts by the City and other governmental agencies to improve the safety of PCH, the point has been reach that the risk is just too great. The status quo is no longer acceptable and action must be taken to mitigate this local emergency.

PCH is a State Highway managed and controlled by Caltrans. Sections 83 and 90 of the Street and Highways Code state that Caltrans has jurisdiction, possession, control and responsibility for the maintenance of State Highways. Further sections of the Streets and Highways Code make clear that Caltrans is the entity with decision-making power over PCH in the City, including improvements, safety elements and speed limits. Further, Streets and Highway Code section 124 states that it is Caltrans, not the City, that can restrict the use of, or close, a State Highway for the protection of the public. Law enforcement agencies such as the Los Angeles County Sheriff’s Department (LASD) and the California Highway Patrol have enforcement jurisdiction over PCH for Vehicle Code violations and other code violations.

Safety on PCH is a problem that the City cannot address and fix alone, and will need to work with Caltrans to make changes to PCH itself. The City can also work through the LASD to address vehicle code violations and related enforcement action given its enforcement jurisdiction over PCH. To effectively effect change, the City must coordinate

Agenda Item # 3.B.12.
and work together with its other governmental partners to implement strategies and solutions to reduce the danger on PCH for all users.

California Government Code Section 8630 empowers the City Council to proclaim the existence of a Local Emergency when there is extreme peril to the safety of persons and property within the territorial limits of the City. Additionally, California Government Code section 8634 empowers the City Council to promulgate orders and regulations necessary to provide for the protection of life and property during the time of a Local Emergency.

These statutes codify the constitutional “police powers” of local governments to adopt local legislation designed to protect the health, safety, and welfare of the community. Further, the City’s Municipal Code (Chapter 2.52) establishes the City’s disaster council and policies and procedures for dealing with a local emergency. The City’s purchasing ordinance (Chapter 2.56) allows for greater flexibility when making purchases for supplies or services in response to a local emergency. Thus, a declaration of local emergency provides the City greater flexibility to act expediently when trying to address and mitigate the danger posed by the local emergency. It may also aid in coordination with other governmental entities and allow the City access to other resources.

Government Code Section 8630 requires that the City Council review the need for continuing a local emergency at least once every 60 days until the City Council terminates the local emergency.

As such, City staff recommends adopting Resolution No. 24-40 extending the declaration of the existence of a local emergency. If adopted, the City Council will review, and as needed renew, this action at least every 60 days.

ENVIRONMENTAL REVIEW:

This resolution and the actions taken and/or proposed herein are not a project pursuant to the California Environmental Quality Act (CEQA) since they are activities that are excluded from the definition of a project by section 21065 of the California Public Resources Code and section 15378(b) of the State CEQA Guidelines. The proposed actions are organizational or administrative activities of government which will not result in direct or indirect physical changes in the environment. These actions are also exempt from CEQA as specific actions necessary to prevent or mitigate an emergency pursuant to section 21080(b)(4) and section 15269(c) of the State CEQA Guidelines. They also are exempt under CEQA Guidelines Section 15301 – existing facilities. Coordinating and improving infrastructure and safety as well as education and enforcement efforts for safer driving and use of PCH are all exempt activities. Further, to the extent there are minor/temporary uses of land having a negligible or no permanent effect on the environment, these activities are exempt under Section 15304(e) of the CEQA Guidelines.

Agenda Item # 3.B.12.

ATTACHMENTS:

Resolution No. 24-40
RESOLUTION NO. 24-40

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MALIBU

EXTENDING THE DECLARATION OF THE EXISTENCE OF A LOCAL

EMERGENCY RELATED TO THE INCREASE OF RECKLESS AND

ILLEGAL DRIVING ON PACIFIC COAST HIGHWAY AND DIRECTING

STAFF TO COORDINATE EFFORTS WITH OTHER GOVERNMENTAL

AGENCIES TO INCREASE ATTENTION AND CREATE PROGRAMS TO

REDUCE THE RISK AND DANGER ASSOCIATED WITH PACIFIC COAST

HIGHWAY IN THE CITY
The City Council of the City of Malibu does hereby find, order, and resolve as follows:

SECTION 1. Recitals.

A. Condition or threatened conditions of extreme peril to the safety of persons and property have arisen within the City of Malibu caused by the increase in reckless and illegal driving on Pacific Coast Highway (“PCH”) in the City. This reckless and illegal driving has led to increased collisions with other motorists, cyclists and pedestrians, resulting in injury and death.

B. According to data from the Statewide Integrated Traffic Records System obtained through UC Berkley’s Transportation Injury mapping System, between 2018 and 2022 there were 22 deadly crashes on PCH in the City, resulting in the death of 23 people. According to data from the California Highway Patrol, there have been 49 fatalities along PCH through Malibu from 2012-22. According to the Los Angeles Times there have been 170 deaths and serious injuries to drivers, passengers, cyclists and pedestrians between 2011 and 2023.

C. On October 17, 2023, a crash occurred in the 21500 block of PCH resulting in the tragic loss of four Pepperdine University Students who were walking along the road. According to authorities, the driver of the car was traveling at a speed in excess of 100 miles per hour when he lost control, sideswiped at least three parked cars and then crashed into a group of people including the four Pepperdine University Students and two others.

D. PCH is a California State Highway managed and maintained by the California Department of Transportation (“Caltrans”). The posted speed limit along PCH in the City ranges between 45-55 miles per hour.

E. PCH is the City’s main thoroughfare and serves as a commuting route, a residential street and business corridor in the City.

F. City officials, City staff and City residents are tragically aware that PCH has become increasingly dangerous to residents, visitors and commuters, with drivers regularly exceeding the posted speed limits or driving recklessly or distracted which Resolution No. 24-40

_____________________
has resulted in not only the killing and maiming of pedestrians, cyclists and other motorists, but a collective fear and trauma about the risks posed by accessing PCH.

G. Despite efforts by the City and other governmental agencies to improve the safety of PCH, PCH continues to pose a threat to those who drive, walk and/or cycle along it. Serious and dangerous collisions continue to occur too regularly, with three additional fatalities since November 2023.

H. California Government Code Section 8630 empowers the City Council to proclaim the existence of a Local Emergency when there is extreme peril to the safety of persons and property within the territorial limits of the City. Additionally, California Government Code Section 8634 empowers the City Council to promulgate orders and regulations necessary to provide for the protection of life and property during the time of a Local Emergency. These statutes codify the constitutional “police powers” of local governments to adopt local legislation designed to protect the health, safety, and welfare of the community.

SECTION 2. It is hereby proclaimed that:

A. The above recitals are true and correct.

B. The increase in dangerous, illegal, reckless and/or distracted driving on PCH in the City currently poses extreme peril to persons and property in Malibu. As such, the City Council finds that the declaration of local emergency remains valid and necessary, and will remain in effect until the extreme danger has subsided.

C. To reduce and prevent the risks associated with dangers posed on PCH, City staff are directed to coordinate with Caltrans, the Los Angeles County Sheriff, the California Highway Patrol, and other entities and government agencies to implement programs, increase enforcement of existing laws and/or develop solutions to reduce the danger on PCH to pedestrians, cyclists and other motorists from dangerous, illegal, reckless and/or distracted driving on PCH.

D. The City Director of Emergency Services, or designee, is directed and authorized to address any and all impacts and conditions caused by the emergency and to obtain any and all aid and assistance from local, county, state, or federal agencies, including but not limited to aid and assistance pursuant to the California Disaster Assistance Act, California Government Code Section 8690 et. seq.

E. The City Manager, as the Purchasing Officer of the City pursuant to Malibu Municipal Code Section 2.56.040 (B) is authorized to make purchases of supplies or services exceeding twenty-five thousand dollars ($25,000.00) in compliance with Malibu Municipal Code, Chapter 2.56.

Resolution No. 24-40

_____________________
F. City staff are directed to report back to the City Council regarding programs and strategies proposed or implemented to mitigate the risk associated with this local emergency.

SECTION 3. The local emergency shall be deemed to continue and exist until its termination is proclaimed by the City Council. As required by law, the City Council shall review the need to continue the state of emergency every 60 days until this resolution is terminated.

SECTION 4. This resolution and the actions taken and/or proposed herein are not a project pursuant to the California Environmental Quality Act (CEQA) since they are activities that are excluded from the definition of a project by section 21065 of the California Public Resources Code and section 15378(b) of the State CEQA Guidelines. The proposed actions are organizational or administrative activities of government which will not result in direct or indirect physical changes in the environment. In the alternative, find that the actions are exempt from CEQA as specific actions necessary to prevent or mitigate an emergency pursuant to section 21080(b)(4) and section 15269(c) of the State CEQA Guidelines.

SECTION 5. The City Clerk shall certify the passage and adoption of this resolution and enter it into the book of original resolutions.

PASSED, APPROVED, and ADOPTED this 12th day of August 2024. _____________________________
DOUG STEWART, Mayor
ATTEST:
__________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO FORM:
__________________________________
TREVOR RUSIN, Interim City Attorney
City of Malibu
Memorandum

Agenda Item # 3.B.13.

To: Mayor Stewart and the Honorable Members of the City Council From: Ruth F. Quinto, CPA, City Treasurer
Subject: Investment Report for the Month Ending June 30, 2024 RECOMMENDED ACTION: Receive the Investment Report for the month ending June 30, 2024.

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 23.20%
U.S. Treasury 70.13%
U.S. Agencies 0.00%
Certificates of Deposit 6.67%
Investments month to month:

Investment
Issuer/Instrument Type
May 31, 2024 June 30, 2024
Amount
(in millions) Yield(A) %
Amount
(in millions) Yield(A) %
Operating Cash Cash $22.36 4.68% 19.38% $19.19 4.68% 17.05% LAIF Cash $2.19 4.41% 1.90% $2.19 4.52% 1.95%
CDs Investment $7.36 4.35% 6.39% $7.51 4.43% 6.67%
Treasury Bills Investment $0.00 0.00% 0.00% $0.00 0.00% 0.00% Treasury Notes Investment $78.41 4.37% 67.96% $78.67 4.37% 69.90% Treasury STRIPS Investment $0.25 4.21% 0.22% $0.26 4.21% 0.22% Money Market Cash $4.81 5.15% 4.16% $4.73 5.32% 4.16%
Total/Blended Yield $115.38 4.46% $112.55 4.47%
Total Duration(Years) 1.18 1.15
(A)Yield is based on Purchase Yield for Treasury Bills
2-Year U.S. Treasury Note Benchmark, as of June 30, 2024: 4.71% The fair market value of all investments held by the City is $112,546,188 as of June 30, 2024.

ATTACHMENTS:

1. City of Malibu Investment Statement

2. City of Malibu Portfolio Analysis Statement
City Council Meeting
8-12-24
Item

3.B.13.

SNAPSHOT
Current period ending June 30, 2024
ACCOUNT NAME: CITY OF MALIBU

RUTH QUINTO
ACCOUNT NUMBER:

Your Financial Advisor:

WILLIAM GOMBERG 701 S PARKER STREET
Phone: 714-497-1366 SUITE 2500
ORANGE, CA 92868
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Attachment 1 072 ANCA ANC9
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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 positions 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.

News from Wells Fargo Advisors
Important notice regarding an amendment to your account agreement Please note that some of the terms and conditions of the General Account Agreement and Disclosure Document (GAADD) have been amended to reflect the following circumstances when we may contact your beneficiary(ies) or trusted contact(s), if any:

COMMUNICATIONS, RECORDING AND MONITORING, STATEMENTS AND CONFIRM You agree that your beneficiaries and trusted contacts have authorized you to share their contact information with us, and consent to receive communications related to this account from Wells Fargo. We will only contact your beneficiaries in the event of your death or incapacity, or as otherwise permitted by law. You agree that we are authorized to contact any designated trusted contact and disclose information about your account(s) to address possible financial exploitation, to confirm the specifics of your current contact information, health status, or the identity of any legal guardian, executor, trustee or holder of a power of attorney, or as otherwise permitted by applicable rules and law including, but not limited to, FINRA Rule 2165. This authorization applies only to Wells Fargo Advisors; all other business units within Wells Fargo will remain bound to any solicitation preferences that have otherwise been requested by you with Wells Fargo. This authorization will remain in effect until it is specifically revoked by you. This authorization will not be affected by any subsequent solicitation preference requests you make of Wells Fargo generally. *** THIS PAGE IS INTENTIONALLY LEFT BLANK ***

SNAPSHOT Page 2 of 23

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
ACCOUNT NUMBER:

Cash flow summary THIS PERIOD THIS YEAR
Opening value of cash and sweep balances $43,680.68
Income and distributions 50,249.30 1,447,020.44
Securities sold and redeemed 678,102.29 14,269,400.87
Net additions to cash $728,351.59 $15,716,421.31
Securities purchased -770,754.01 -16,004,552.64
Net subtractions from cash -$770,754.01 -$16,004,552.64 Closing value of cash and sweep balances $1,278.26
Income summary * THIS PERIOD THIS YEAR
TAXABLE Money market/sweep funds 1,007.62 6,974.34
Interest 28,487.67 1,318,429.15
Ordinary dividends and ST capital gains 20,754.01 100,682.76 Total taxable income $50,249.30 $1,426,086.25
Total federally tax-exempt income $0.00 $0.00
Total income $50,249.30 $1,426,086.25
* Certain distributions made in the 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) 509,076.32 0.00 0.00
Long term (L) -51,418.18 0.00 0.00
Total $457,658.14 $0.00 $0.00

SNAPSHOT
072 ANCA ANC9
SNAPSHOT Page 3 of 23

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 -499,766.44 Tax documents: X
Money market and sweep funds 501,044.70 Shareholder communications: X Available for loan 0.00 Other documents: X
Your total available funds $1,278.26

SNAPSHOT
072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
ACCOUNT NUMBER:

Bond maturity schedule % OF
MATURING IN: AMOUNT MATURING CURRENT VALUE MATURING VALUE under 1 year 35,645,000.00 35,118,246.25 39.86
60,000,00 1 to 5 years 53,775,000.00 51,315,402.05 60.14 6 to 10 years 0.00 0.00 0.00
40,000,00 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
20,000,00 over 30 years 0.00 0.00 0.00
Total $89,420,000.00 $86,433,648.30 100.00%
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 0.00 -78,256.65 Gross proceeds 678,102.29 14,269,400.87 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 ESTIMATED ESTIMATED CURRENT
DESCRIPTION ACCOUNT MARKET VALUE ANNUAL INCOME YIELD (%) Cash -0.55 -499,766.44 0.00 N/A
ALLSPRING 0.55 501,044.70 24,451.00 4.88

GOVERNMENT MONEY MARKET
Interest Period 06/01/24 - 06/30/24
Total Cash and Sweep Balances 0.00 $1,278.26 $24,451.00 072 ANCA ANC9
Amount Maturing

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 0.375% DUE 09/15/24
DTD 09/15/21 FC 03/15/22
Moody AAA
CUSIP 91282CCX7
Acquired 03/15/23 L 4.34 4,000,000 95.07 3,802,819.52 98.9840 3,959,360.00 156,540.48 4,402.17 15,000 0.37

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 11.25 10,360,000 97.01 10,050,353.13 98.9650 10,252,774.00 202,420.87 39,272.28 233,100 2.27

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 4.68 4,290,000 98.88 4,242,319.62 99.4580 4,266,748.20 24,428.58 500.89 182,325 4.27

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 5.59 5,215,000 95.21 4,965,249.23 97.6610 5,093,021.15 127,771.92 29,441.82 78,225 1.53 072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 1.750% DUE 03/15/25
DTD 03/15/22 FC 09/15/22
Moody AAA
CUSIP 91282CED9
Acquired 03/15/23 L 4,000,000 96.35 3,854,194.52 3,903,320.00 49,125.48 Acquired 08/10/23 S 5,330,000 95.31 5,080,154.94 5,201,173.90 121,018.96 Total 9.99 9,330,000 $95.75 $8,934,349.46 97.5830 $9,104,493.90 $170,144.44 $47,917.66 $163,275 1.79

US TREASURY
NOTES
CPN 3.125% DUE 08/15/25
DTD 08/15/22 FC 02/15/23
Moody AAA
CUSIP 91282CFE6
Acquired 11/30/23 S 1.57 1,465,000 97.59 1,429,755.44 97.9020 1,434,264.30 4,508.86 17,230.85 45,781 3.19

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 L 4,000,000 99.85 3,994,132.00 3,927,960.00 -66,172.00 Acquired 08/09/23 S 15,120,000 97.78 14,785,075.41 14,847,688.80 62,613.39 Total 20.60 19,120,000 $18,779,207.4 98.1990 $18,775,648.80 -$3,558.61 $196,395.65 $669,200 3.56 $98.21 1
US TREAS STRIPS 02/26

INTEREST PMT
DUE 02/15/26
DTD 02/15/96
Moody NR , S&P NR
CUSIP 912833LY4
Acquired 01/24/24 S 0.28 276,000 93.45 257,948.03 92.5970 255,567.72 -2,380.31 N/A N/A N/A

91.79 253,355.50
072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 L 4.20 4,000,000 96.38 3,855,382.00 95.7500 3,830,000.00 -25,382.00 22,622.95 90,000 2.34

US TREASURY
NOTES
CPN 3.750% DUE 04/15/26
DTD 04/15/23 FC 10/15/23
Moody AAA
CUSIP 91282CGV7
Acquired 04/02/24 S 2.15 2,000,000 98.53 1,970,772.62 98.2100 1,964,200.00 -6,572.62 15,778.69 75,000 3.81

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 L 4.04 4,000,000 91.07 3,643,007.00 91.9680 3,678,720.00 35,713.00 10,027.17 30,000 0.81

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 L 4.16 4,000,000 96.45 3,858,132.00 94.7850 3,791,400.00 -66,732.00 25,136.61 100,000 2.63

US TREASURY
NOTES
CPN 2.625% DUE 05/31/27
DTD 05/31/22 FC 11/30/22
Moody AAA
CUSIP 91282CET4
Acquired 03/21/24 S 2.34 2,245,000 95.32 2,139,978.18 94.8350 2,129,045.75 -10,932.43 4,991.44 58,931 2.76 072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 3.125% DUE 08/31/27
DTD 08/31/22 FC 02/28/23
Moody AAA
CUSIP 91282CFH9
Acquired 03/15/23 L 1.99 1,894,000 98.59 1,867,461.42 95.9370 1,817,046.78 -50,414.64 19,782.78 59,188 3.25

US TREASURY
NOTES
CPN 1.250% DUE 04/30/28
DTD 04/30/21 FC 10/31/21
Moody AAA
CUSIP 91282CBZ3
Acquired 04/02/24 S 2.91 2,985,000 88.91 2,654,128.14 88.8510 2,652,202.35 -1,925.79 6,286.34 37,313 1.40

US TREASURY
NOTES
CPN 1.375% DUE 12/31/28
DTD 12/31/21 FC 06/30/22
Moody AAA
CUSIP 91282CDP3
Acquired 02/15/24 S 4.89 5,075,000 88.22 4,477,363.89 87.8160 4,456,662.00 -20,701.89 191.71 69,781 1.56

US TREASURY
NOTES
CPN 2.875% DUE 04/30/29
DTD 04/30/22 FC 10/31/22
Moody AAA
CUSIP 91282CEM9
Acquired 04/30/24 S 1.61 1,565,000 92.50 1,447,763.07 93.5190 1,463,572.35 15,809.28 7,580.47 44,994 3.07 Total Government Bonds 86.57 81,820,000 $78,375,990.1 $78,924,727.30 $548,737.14 $447,559.48 $1,952,113 2.47 6 $78,371,397.6
3 072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 (%) 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 L 0.27 250,000 100.00 250,000.00 99.8780 249,695.00 -305.00 4,378.08 11,750 4.70

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 0.27 250,000 100.00 250,000.00 99.9680 249,920.00 -80.00 10,472.60 13,750 5.50

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 0.27 250,000 100.00 250,000.00 99.9680 249,920.00 -80.00 10,434.93 13,750 5.50

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 L 0.27 250,000 100.00 250,000.00 99.8950 249,737.50 -262.50 3,308.22 13,125 5.25

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 L 0.27 250,000 100.00 250,000.00 99.8090 249,522.50 -477.50 1,245.21 12,625 5.05 072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 (%)

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 L 0.27 250,000 100.00 250,000.00 99.7910 249,477.50 -522.50 805.48 12,250 4.91

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 0.21 200,000 100.00 200,000.00 97.6720 195,344.00 -4,656.00 1,123.29 4,100 2.09

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 L 0.27 250,000 100.00 250,000.00 99.9460 249,865.00 -135.00 3,595.89 13,125 5.25

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 L 0.27 250,000 100.00 250,000.00 99.7190 249,297.50 -702.50 268.49 12,250 4.91

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 L 0.27 250,000 100.00 250,000.00 99.6280 249,070.00 -930.00 1,262.33 12,125 4.86 072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 (%)

AMERICAN COML BK & TR CD
OTTAWA IL ACT/365

FDIC INSD
CPN 5.000% DUE 06/06/25
DTD 12/06/23 FC 01/06/24
CUSIP 02519ACB1
Acquired 11/29/23 S 0.27 250,000 100.00 250,000.00 99.8060 249,515.00 -485.00 856.17 12,500 5.00

BANK OF HOPE CD
LOS ANGELES CA ACT/365

FDIC INSD
CPN 4.400% DUE 07/14/25
DTD 01/12/24 FC 07/12/24
CUSIP 062683JQ1
Acquired 01/04/24 S 0.27 250,000 100.00 250,000.00 99.1960 247,990.00 -2,010.00 5,153.43 11,000 4.43

FLAGSTAR BANK NA CD
TROY MI ACT/365

FDIC INSD
CPN 4.600% DUE 08/11/25
DTD 01/10/24 FC 07/10/24
CUSIP 33847GBY7
Acquired 01/04/24 S 0.27 250,000 100.00 250,000.00 99.3820 248,455.00 -1,545.00 5,450.69 11,500 4.62

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 L 0.27 250,000 100.00 250,000.00 99.9020 249,755.00 -245.00 3,702.74 12,750 5.10

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 L 0.27 250,000 100.00 250,000.00 99.8040 249,510.00 -490.00 983.22 12,375 4.95 072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 (%)

SALLIE MAE BANK/SALT CD
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 4.750% DUE 12/15/25
DTD 12/13/23 FC 06/13/24
CUSIP 795451DG5
Acquired 12/07/23 S 0.27 250,000 100.00 250,000.00 99.5760 248,940.00 -1,060.00 585.61 11,875 4.77

BANK OF AMERICA NA CD
CHARLOTTE NC ACT/365

FDIC INSD
CPN 4.950% DUE 01/05/26
DTD 07/03/24 FC 01/03/25
CUSIP 06051XFE7
Acquired 06/26/24 S 0.27 250,000 100.00 250,000.00 100.0000 250,000.00 0.00 N/A 12,375 4.95

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 94.4000 188,800.00 -11,200.00 142.47 4,000 2.11

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 L 0.27 250,000 100.00 250,000.00 100.0020 250,005.00 5.00 3,390.41 12,500 4.99

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 07/29/24 @ 100.000
CUSIP 88241TMC1
Acquired 10/22/21 L 0.25 250,000 100.00 250,000.00 91.6740 229,185.00 -20,815.00 15.06 2,750 1.19 072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 (%)

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 L 0.22 200,000 100.00 200,000.00 100.1510 200,302.00 302.00 1,274.79 9,900 4.94

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 91.4270 228,567.50 -21,432.50 181.17 2,875 1.25

VALLEY NATL BK WAYNE CD
WAYNE NJ ACT/365

FDIC INSD
CPN 4.600% DUE 03/11/27
DTD 03/11/24 FC 09/11/24
CUSIP 919853KW0
Acquired 03/05/24 S 0.27 250,000 100.00 250,000.00 99.2430 248,107.50 -1,892.50 3,528.77 11,500 4.63

BRADESCO BANK CD
CORAL GABLES FL ACT/365

FDIC INSD
CPN 4.500% DUE 03/22/27
DTD 03/21/24 FC 09/21/24
CUSIP 10421AAT4
Acquired 03/05/24 S 0.27 250,000 100.00 250,000.00 98.9940 247,485.00 -2,515.00 3,143.83 11,250 4.54

BNY MELLON NA CD
NEW YORK NY ACT/365

FDIC INSD
CPN 4.600% DUE 06/01/27
DTD 05/29/24 FC 11/29/24
CUSIP 05584CP59
Acquired 05/23/24 S 0.27 250,000 100.00 250,000.00 99.2000 248,000.00 -2,000.00 1,039.73 11,500 4.63 072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 (%)

EAGLEMARK SVGS BK CD
CARSON CTY NV ACT/365

FDIC INSD
CPN 4.700% DUE 07/02/27
DTD 07/03/24 FC 01/03/25
CUSIP 27004PFE8
Acquired 06/26/24 S 0.27 250,000 100.00 250,000.00 100.0000 250,000.00 0.00 N/A 11,750 4.70

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 91.1080 227,770.00 -22,230.00 54.80 5,000 2.19

BEAL BANK USA CD
LAS VEGAS NV ACT/365

FDIC INSD
CPN 4.700% DUE 05/30/29
DTD 06/05/24 FC 12/05/24
CUSIP 07371DR66
Acquired 05/23/24 S 0.28 250,000 100.00 250,000.00 100.7340 251,835.00 1,835.00 836.99 11,750 4.66

BEAL BANK - PLANO TX CD
PLANO TX ACT/365

FDIC INSD
CPN 4.700% DUE 05/30/29
DTD 06/05/24 FC 12/05/24
CUSIP 07371BVU2
Acquired 05/23/24 S 0.28 250,000 100.00 250,000.00 100.7340 251,835.00 1,835.00 836.99 11,750 4.66

MORGAN STANLEY PVT BK CD
PURCHASE NY ACT/365

FDIC INSD
CPN 4.650% DUE 05/30/29
DTD 05/30/24 FC 11/30/24
CUSIP 61768E4J9
Acquired 05/23/24 S 0.28 250,000 100.00 250,000.00 100.4820 251,205.00 1,205.00 1,019.18 11,625 4.62 072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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 (%)

TOYOTA FINL SGS BK CD
HENDERSON NV ACT/365

FDIC INSD
CPN 4.500% DUE 06/28/29
DTD 06/28/24 FC 12/28/24
CUSIP 89235MPR6
Acquired 06/26/24 S 0.27 250,000 100.00 250,000.00 99.9240 249,810.00 -190.00 92.46 11,250 4.50 Total Certificates of Deposit 8.24 7,600,000 $7,600,000.00 $7,508,921.00 -$91,079.00 $69,183.03 $332,625 4.43 Total Fixed Income Securities 94.81 $85,975,990.1 $86,433,648.30 $457,658.14 $516,742.51 $2,284,738 2.64 6 $85,971,397.6
3 ^ 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.

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.

ESTIMATED
% 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 L nc 4,338,121.57000 1.00 4,338,121.57 4,338,121.57 0.00 Acquired 05/23/24 S nc 111,317.64000 1.00 111,317.64 111,317.64 0.00 Reinvestments L nc 39,598.05000 1.00 39,598.05 39,598.05 0.00 Reinvestments S nc 239,978.49000 1.00 239,978.49 239,978.49 0.00 072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
ACCOUNT NUMBER:

Mutual Funds
Open End Mutual Funds continued

ESTIMATED
% OF ADJ PRICE/ ADJ COST/ CURRENT CURRENT UNREALIZED ANNUAL ANNUAL DESCRIPTION ACCOUNT QUANTITY ORIG PRICE ORIG COST PRICE MARKET VALUE GAIN/LOSS INCOME YIELD (%) Total 5.19 4,729,015.75000 $1.00 $4,729,015.75 1.0000 $4,729,015.75 $0.00 $251,584 5.32 Client Investment (Excluding Reinvestments) $4,449,439.21 Gain/Loss on Client Investment (Including Reinvestments) $279,576.54 Total Open End Mutual Funds 5.19 $4,729,015.75 $4,729,015.75 $0.00 $251,584 5.32 Total Mutual Funds 5.19 $4,729,015.75 $4,729,015.75 $0.00 $251,584 5.32 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 06/03 Cash DIVIDEND FIDELITY FUNDS 20,754.01

FIDELITY TREASURY ONLY

PORT INSTL CLASS SHS
053124 4,761,364.03000
AS OF 5/31/24
06/03 Cash INTEREST STATE BANK OF INDIA CD 6,204.45
NEW YORK NY ACT/365

FDIC INSD
CPN 4.950% DUE 12/02/25
DTD 12/02/22 FC 06/02/23
060224 250,000
AS OF 6/02/24
CUSIP 856285V81
06/06 Cash INTEREST AMERICAN COML BK & TR CD 1,061.64
OTTAWA IL ACT/365

FDIC INSD
CPN 5.000% DUE 06/06/25
DTD 12/06/23 FC 01/06/24
060624 250,000
CUSIP 02519ACB1
072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
ACCOUNT NUMBER:

Activity detail continued
Income and distributions

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 06/07 Cash INTEREST MANUF & TRADERS TR CO CD 6,141.78
BUFFALO NY ACT/365

FDIC INSD
CPN 4.900% DUE 12/09/24
DTD 12/07/22 FC 06/07/23
060724 250,000
CUSIP 564759RJ9
06/10 Cash INTEREST UBS BANK USA CD 244.18
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 1.150% DUE 12/08/26
DTD 12/08/21 FC 01/08/22
060824 250,000
AS OF 6/08/24
CUSIP 90348JX96
06/13 Cash INTEREST SALLIE MAE BANK/SALT CD 5,953.77
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 4.750% DUE 12/15/25
DTD 12/13/23 FC 06/13/24
061324 250,000
CUSIP 795451DG5
06/18 Cash INTEREST COMENITY BANK CD 339.73
WILMINGTON DE ACT/365

JUMBO CD FDIC INSURED
CPN 2.000% DUE 03/18/26
DTD 03/18/22 FC 04/18/22
061824 200,000
CUSIP 99000QQW7
06/20 Cash INTEREST CAPITAL ONE NA CD 3,133.56
MCLEAN VA ACT/365

FDIC INSURED
CPN 2.500% DUE 06/19/24
DTD 06/19/19 FC 12/19/19
061924 250,000
AS OF 6/19/24
CUSIP 14042RLZ2
072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
ACCOUNT NUMBER:

Activity detail continued
Income and distributions

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 06/24 Cash INTEREST FULTON BANK CD 3,444.52
WILLIAMSPORT PA ACT/365

FDIC INSD
CPN 5.350% DUE 06/24/24
DTD 03/22/23 FC 09/22/23
062424 250,000
CUSIP 359899AN1
06/24 Cash INTEREST WELLS FARGO BANK NA CD 1,040.41
SIOUX FALLS SD ACT/365

FDIC INSD
CPN 4.900% DUE 05/23/25
DTD 05/23/23 FC 06/23/23
062324 250,000
AS OF 6/23/24
CUSIP 949764CT9
06/27 Cash INTEREST CELTIC BANK CD 424.66
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 2.000% DUE 12/27/27
DTD 12/27/19 FC 01/27/20
062724 250,000
CUSIP 15118RTH0
06/27 Cash INTEREST COMENITY CAPITAL BANK CD 265.41
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 2.500% DUE 06/27/24
DTD 06/27/19 FC 07/27/19
062724 125,000
CUSIP 20033AZ58
06/28 Cash INTEREST TEXAS EXCHANGE BK SSB CD 233.56
CROWLEY TX ACT/365

CALLABLE FDIC INSD
CPN 1.100% DUE 10/29/26
DTD 10/29/21 FC 11/29/21
062924 250,000
AS OF 6/29/24
CUSIP 88241TMC1
072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
ACCOUNT NUMBER:

Activity detail continued
Income and distributions

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 06/28 Cash DIVIDEND ALLSPRING 1,007.62

GOVERNMENT MONEY MARKET

SWEEP CLASS
062824 500,037
Total Income and distributions: $50,249.30
Securities sold and redeemed

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 06/20 Cash REDEMPTION -250,000.00000 CAPITAL ONE NA CD 250,000.00 MCLEAN VA ACT/365

FDIC INSURED
CPN 2.500% DUE 06/19/24
DTD 06/19/19 FC 12/19/19
CUSIP 14042RLZ2
06/24 Cash REDEMPTION -250,000.00000 FULTON BANK CD 250,000.00 WILLIAMSPORT PA ACT/365

FDIC INSD
CPN 5.350% DUE 06/24/24
DTD 03/22/23 FC 09/22/23
CUSIP 359899AN1
06/26 Cash SALE -53,102.29000 FIDELITY FUNDS 1.0000 53,102.29

FIDELITY TREASURY ONLY

PORT INSTL CLASS SHS
06/27 Cash REDEMPTION -125,000.00000 COMENITY CAPITAL BANK CD 125,000.00 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
Total Securities sold and redeemed: $678,102.29
Securities purchased

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 06/03 Cash REINVEST DIV 20,754.01000 FIDELITY FUNDS -20,754.01

FIDELITY TREASURY ONLY

PORT INSTL CLASS SHS
REINVEST AT 1.000
072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
ACCOUNT NUMBER:

Activity detail continued
Securities purchased

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 06/26 Cash PURCHASE 250,000.00000 BANK OF AMERICA NA CD 100.0000 -250,000.00 CHARLOTTE NC ACT/365

FDIC INSD
CPN 4.950% DUE 01/05/26
DTD 07/03/24 FC 01/03/25
CUSIP 06051XFE7
06/26 Cash PURCHASE 250,000.00000 EAGLEMARK SVGS BK CD 100.0000 -250,000.00 CARSON CTY NV ACT/365

FDIC INSD
CPN 4.700% DUE 07/02/27
DTD 07/03/24 FC 01/03/25
CUSIP 27004PFE8
06/26 Cash PURCHASE 250,000.00000 TOYOTA FINL SGS BK CD 100.0000 -250,000.00 HENDERSON NV ACT/365

FDIC INSD
CPN 4.500% DUE 06/28/29
DTD 06/28/24 FC 12/28/24
CUSIP 89235MPR6
Total Securities purchased: -$770,754.01
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 06/01 BEGINNING BALANCE 514,215.05 06/10 TRANSFER TO ALLSPRING 6,141.78

GOVERNMENT MONEY MARKET
06/03 TRANSFER TO ALLSPRING 29,465.63 06/11 TRANSFER TO ALLSPRING 244.18

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
06/04 TRANSFER TO ALLSPRING 6,204.45 06/14 TRANSFER TO ALLSPRING 5,953.77

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
06/05 TRANSFER FROM ALLSPRING -500,000.00 06/20 TRANSFER TO ALLSPRING 339.73

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
06/07 TRANSFER TO ALLSPRING 1,061.64 06/21 TRANSFER TO ALLSPRING 253,133.56

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
ACCOUNT NUMBER:

Cash sweep activity continued

DATE TRANSACTION DESCRIPTION AMOUNT DATE TRANSACTION DESCRIPTION AMOUNT 06/25 TRANSFER TO ALLSPRING 254,484.93 06/28 TRANSFER FROM ALLSPRING -71,207.64

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
06/28 REINVEST DIV ALLSPRING 1,007.62 06/30 ENDING BALANCE 501,044.70

GOVERNMENT MONEY MARKET
Bank Deposits Through Teller June 1 - June 30
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
06/01 BEGINNING BALANCE $0.00
06/30 ENDING BALANCE $0.00
072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
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
Long term

ADJ PRICE/ DATE ADJ COST/

DESCRIPTION QUANTITY ORIG PRICE ACQUIRED CLOSE DATE PROCEEDS ORIG COST GAIN/LOSS FIDELITY FUNDS 53,102.29000 1.0000 03/17/23 06/26/24 nc 53,102.29 53,102.29 0.00

FIDELITY TREASURY ONLY

PORT INSTL CLASS SHS
CUSIP 31607A802
CAPITAL ONE NA CD 250,000.00000 100.0000 06/18/19 06/20/24 250,000.00 250,000.00 0.00 100.0000 250,007.00
MCLEAN VA ACT/365

FDIC INSURED
CPN 2.500% DUE 06/19/24
DTD 06/19/19 FC 12/19/19
CUSIP 14042RLZ2
FULTON BANK CD 250,000.00000 100.0000 03/14/23 06/24/24 250,000.00 250,000.00 0.00 WILLIAMSPORT PA ACT/365

FDIC INSD
CPN 5.350% DUE 06/24/24
DTD 03/22/23 FC 09/22/23
CUSIP 359899AN1
072 ANCA ANC9

CITY OF MALIBU

RUTH QUINTO
JUNE 1, 2024 - JUNE 30, 2024
ACCOUNT NUMBER:

Realized Gain/Loss Detail continued
Long term

ADJ PRICE/ DATE ADJ COST/

DESCRIPTION QUANTITY ORIG PRICE ACQUIRED CLOSE DATE PROCEEDS ORIG COST GAIN/LOSS COMENITY CAPITAL BANK CD 125,000.00000 100.0000 06/18/19 06/27/24 125,000.00 125,000.00 0.00 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
Total Long term $678,102.29 $678,102.29 $0.00
$678,109.29
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.

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.

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 the 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 the interest that would be received upon the sale of the Fixed Income positions 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 ***
Portfolio Analysis
Prepared for CITY OF MALIBU
June 29, 2024
Prepared by:

WILLIAM GOMBERG
This report is not complete without all sections noted in the Table of Contents. Please read each section carefully.

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. WFAFN uses the trade name Wells Fargo Advisors. Any other referenced entity is a separate entity from WFAFN. © 2024 Wells Fargo
PM-10092025-6536792.1.1
Attachment 2
Table of Contents
Asset Allocation 3
Fixed Income Summary 4
Fixed Income Statistics 7
Redemption Distribution Rolling 12 Months 14
Estimated Income Summary 17
Important Information 19
CITY OF MALIBU | June 29, 2024
Asset Allocation: Asset Class Detail
As of 06/28/2024 for XXXX7847 - CITY OF MALIBU
Asset class description Market Value Allocation %
U.S. Short Term Taxable Fixed Income 86,433,648 94.8%
Taxable Cash Alternatives 4,730,294 5.2%
Portfolio Summary Total $91,163,942 100.0%
This report may contain internal non-performance assets as well as holdings not held at our firm. Information associated with these external positions were provided by you. The information provided for assets not held at our firm has not been verified. The actual value of these assets may differ from that shown.

Your current portfolio allocation may classify assets based on the underlying holdings of funds, ETFs, UITs and annuity sub-accounts. For assets in alternative and real asset investment strategies and where underlying holdings are not available for classification, the asset class assigned to that security is used. The Cash Alternatives asset class may include cash alternatives or other securities, such as futures settlements, synthetic securities, or securities in the form of a trust. Underlying classification data is updated periodically, and the update frequency will vary.

CITY OF MALIBU | June 29, 2024 Page 3 of 21
Fixed Income Summary
As of 06/28/2024 for XXXX7847
Security Sub Type
Security sub type Market value % Fxd income
Government Bond 78,924,727 91.30%
Corporate Bond 7,508,921 8.70%
Total $86,433,648 100%
Credit Quality Ratings
Credit quality ratings % Fxd income
Treasury 91.30%
CDs 8.70%
Agency -
AAA -
AA -
A -
BBB -
Below inv grade -
Not rated -
N/A -
Total 100%
Bond Statistics
Statistic Taxable Tax exempt
Weighted avg coupon 2.58% -
Yield at purchase 4.37% -
Yield to maturity 5.08% -
Yield to worst 5.08% -
Weighted avg maturity: 1.08 yrs
Total duration: 1.50 yrs
Estimated Income Annualized
Month Estimated income annualized
07/2024 14,456
08/2024 115,800
09/2024 589,043
10/2024 198,439
11/2024 61,935
12/2024 165,013
01/2025 26,849
02/2025 109,918
03/2025 546,611
04/2025 81,997
05/2025 55,124
06/2025 66,614
Total $2,031,800
Taxable $2,031,800
Tax exempt -
Tax exempt Subject to AMT -
The asset classification of Corporate Bonds includes holdings of Certificates of Deposit. Funds include open end mutual funds, exchange-traded funds, closed end funds. Estimated Income Annualized CITY OF MALIBU | June 29, 2024 Page 4 of 21
(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. The Credit Quality Rating shown takes the lower of the two credit agency ratings between Moody's and Standard & Poor's and converts it to the equivalent S&P major rating category. Credit Quality Ratings and Bond Statistics sections do not include bond funds. Bond Statistics are weighted averages based on market value of bonds in the portfolio. Yield calculations are based on yield prices that may change monthly. Fixed income holdings, where the information is not available, are excluded from the Yield at Purchase, Yield to worst, Yield to maturity, Total duration, Weighted average coupon and Weighted average maturity calculations. For more information, including fixed income descriptions, please see the Important Information section at the end of this report.

Bond Term vs. Duration
Bond: 101% of bonds with short bond terms (0 to <5 yrs), 0% of bonds with intermediate bond terms (5 to <10 yrs), 0% of bonds with long bond terms (10+ yrs), 0% of bonds with a N/A bond terms.

Duration: 99% of bonds with short bond terms (0 to <5 yrs), 0% of bonds with intermediate bond terms (5 to <10 yrs), 0% of bonds with long bond terms (10+ yrs), 2% of bonds with a N/A bond terms.

CITY OF MALIBU | June 29, 2024 Page 5 of 21
Total portfolio value: $91,163,942
Bond term indicates years to redemption date as defined in the Important Information section.

Mortgage-backed securities (MBSs) include asset-backed securities (ABSs), pass-throughs 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. For more information, including fixed income descriptions, please see the Important Information section at the end of this report.

Callable Analysis
Term Callable value Market value

MBS - -
0 to <1 yrs 250,000 229,185
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 - 86,204,463
Total $250,000 $86,433,648
CITY OF MALIBU | June 29, 2024 Page 6 of 21
Fixed Income Statistics
As of 06/28/2024 for XXXX7847
Subtotals and totals are weighted averages based on market value **Indicates that this holding is insured by a credit agency but the specific insurer is unknown. Redemption 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. Call Types: C - Optional Premium Call, P - Optional Par Call. YTW 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.

Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
and Gain Loss ($)
and
Purch Yld
Yld Price
and
YTWand
YTM
Duration
and
Convexity
Dur Cont
and
% Fxd Inc
and
% Port
U.S. Taxable Investment
Grade Fixed Income
asset class total (category applies to all security types below) N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A

2.576%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
86,433,648
and
457,717
and

4.37%
N/A
and

5.08%
and

5.08%

1.5 and
-

1.5 and
100.0%
and

94.8%
Treasury Note
security type total (category applies to all holdings below) N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A

2.410%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
78,669,160
and
551,117
and

4.37%
N/A
and

5.07%
and

5.07%

1.5 and
-

1.4 and

91.0%
and

86.3%

US TREASURY/ NOTES/
91282CCX7
4,000,000
and
-
and
-
AAA
and
-
and
-

0.375%
and
Fixed
09/15/24 M
and
-
and
-

98.98 and

95.07 and

95.07 3,959,360
and
156,540
and

3.79%

98.60 and

5.39% M
and

5.39%

0.3 and

0.0 and

0.0 and

4.6%
and

4.3%

US TREASURY/ NOTES/
9128283D0
10,360,000
and
-
and
-
AAA
and
-
and
-

2.250%
and
Fixed
10/31/24 M
and
-
and
-

98.96 and

97.01 and

97.01 10,252,774
and
202,421
and

5.27%

98.75 and

5.38% M
and

5.38%

0.4 and

0.0 and

0.0 and

11.9%
and

11.2%

US TREASURY/ NOTES/
91282CGD7
4,290,000
and
-
and
-
AAA
and
-
and
-

4.250%
and
Fixed
12/31/24 M
and
-
and
-

99.46 and

98.89 and

98.89 4,266,748
and
24,429
and

5.18%

99.38 and

5.36% M
and

5.36%

0.5 and

0.0 and

0.0 and

4.9%
and

4.7%

US TREASURY/ NOTES/
91282CDZ1
5,215,000
and
-
and
-
AAA
and
-
and
-

1.500%
and
Fixed
02/15/25 M
and
-
and
-

97.66 and

95.21 and

95.21 5,093,021
and
127,772
and

4.82%

97.40 and

5.33% M
and

5.33%

0.7 and

0.0 and

0.0 and

5.9%
and

5.6%

US TREASURY/ NOTES/
91282CED9
5,330,000
and
-
and
-
AAA
and
-
and
-

1.750%
and
Fixed
03/15/25 M
and
-
and
-

97.58 and

95.31 and

95.31 5,201,174
and
121,019
and

4.84%

97.35 and

5.25% M
and

5.25%

0.8 and

0.0 and

0.0 and

6.0%
and

5.7%
4,000,000
and
-
and
AAA
and
-
and
03/15/25 M
and
-
and

97.58 and

96.36 and
3,903,320
and
49,125
and

97.35 and

5.25% M
and

0.0 and

4.5%
and

US TREASURY/ NOTES/
91282CED9

1.750%
and
Fixed

0.8 and

0.0 and
CITY OF MALIBU | June 29, 2024 Page 7 of 21
Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
and Gain Loss ($)
and
Purch Yld
Yld Price
and
YTWand
YTM
Duration
and
Convexity
Dur Cont
and
% Fxd Inc
and
% Port
- - - 96.35 3.66% 5.25% 4.3%

US TREASURY/ NOTES/
91282CFE6
1,465,000
and
-
and
-
AAA
and
-
and
-

3.125%
and
Fixed
08/15/25 M
and
-
and
-

97.90 and

97.59 and

97.59 1,434,264
and
4,509
and

4.60%

97.70 and

5.12% M
and

5.12%

1.1 and

0.0 and

0.0 and

1.7%
and

1.6%

US TREASURY/ NOTES/
91282CFK2
15,120,000
and
-
and
-
AAA
and
-
and
-

3.500%
and
Fixed
09/15/25 M
and
-
and
-

98.20 and

97.78 and

97.78 14,847,689
and
62,613
and

4.62%

98.03 and

5.10% M
and

5.10%

1.2 and

0.0 and

0.2 and

17.2%
and

16.3%

US TREASURY/ NOTES/
91282CFK2
4,000,000
and
-
and
-
AAA
and
-
and
-

3.500%
and
Fixed
09/15/25 M
and
-
and
-

98.20 and

99.85 and

99.85 3,927,960
and
-66,172
and

3.56%

98.03 and

5.10% M
and

5.10%

1.2 and

0.0 and

0.1 and

4.5%
and

4.3%

US TREASURY/ NOTES/
9128286L9
4,000,000
and
-
and
-
AAA
and
-
and
-

2.250%
and
Fixed
03/31/26 M
and
-
and
-

95.75 and

96.38 and

96.38 3,830,000
and
-25,382
and

3.51%

95.39 and

4.92% M
and

4.92%

1.7 and

0.0 and

0.1 and

4.4%
and

4.2%

US TREASURY/ NOTES/
91282CGV7
2,000,000
and
-
and
-
AAA
and
-
and
-

3.750%
and
Fixed
04/15/26 M
and
-
and
-

98.21 and

98.54 and

98.54 1,964,200
and
-6,573
and

4.51%

97.94 and

4.92% M
and

4.92%

1.8 and

0.0 and

0.0 and

2.3%
and

2.2%

US TREASURY/ NOTES/
91282CCW9
4,000,000
and
-
and
-
AAA
and
-
and
-

0.750%
and
Fixed
08/31/26 M
and
-
and
-

91.97 and

91.08 and

91.08 3,678,720
and
35,713
and

3.52%

91.46 and

4.81% M
and

4.81%

2.2 and

0.1 and

0.1 and

4.3%
and

4.0%

US TREASURY/ NOTES/
91282CEF4
4,000,000
and
-
and
-
AAA
and
-
and
-

2.500%
and
Fixed
03/31/27 M
and
-
and
-

94.78 and

96.45 and

96.45 3,791,400
and
-66,732
and

3.45%

94.27 and

4.69% M
and

4.69%

2.7 and

0.1 and

0.1 and

4.4%
and

4.2%

US TREASURY/ NOTES/
91282CET4
2,245,000
and
-
and
-
AAA
and
-
and
-

2.625%
and
Fixed
05/31/27 M
and
-
and
-

94.84 and

95.32 and

95.32 2,129,046
and
-10,932
and

4.21%

94.33 and

4.68% M
and

4.68%

2.8 and

0.1 and

0.1 and

2.5%
and

2.3%

US TREASURY/ NOTES/
91282CFH9
1,894,000
and
-
and
-
AAA
and
-
and
-

3.125%
and
Fixed
08/31/27 M
and
-
and
-

95.94 and

98.60 and

98.60 1,817,047
and
-50,415
and

3.47%

95.46 and

4.65% M
and

4.65%

3.0 and

0.1 and

0.1 and

2.1%
and

2.0%
2,985,000
and
-
and
AAA
and
-
and
04/30/28 M
and
-
and

88.85 and

88.92 and
2,652,202
and
-1,926
and

88.19 and

4.58% M
and

0.1 and

3.1%
and

US TREASURY/ NOTES/
91282CBZ3

1.250%
and
Fixed

3.7 and

0.2 and
CITY OF MALIBU | June 29, 2024 Page 8 of 21
Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
and Gain Loss ($)
and
Purch Yld
Yld Price
and
YTWand
YTM
Duration
and
Convexity
Dur Cont
and
% Fxd Inc
and
% Port
- - - 88.92 4.24% 4.58% 2.9%

US TREASURY/ NOTES/
91282CDP3
5,075,000
and
-
and
-
AAA
and
-
and
-

1.375%
and
Fixed
12/31/28 M
and
-
and
-

87.82 and

88.22 and

88.22 4,456,662
and
-20,702
and

4.06%

87.07 and

4.54% M
and

4.54%

4.3 and

0.2 and

0.2 and

5.2%
and

4.9%

US TREASURY/ NOTES/
91282CEM9
1,565,000
and
-
and
-
AAA
and
-
and
-

2.875%
and
Fixed
04/30/29 M
and
-
and
-

93.52 and

92.51 and

92.51 1,463,572
and
15,809
and

4.57%

92.82 and

4.52% M
and

4.52%

4.5 and

0.2 and

0.1 and

1.7%
and

1.6%
Treasury Strip
security type total (category applies to all holdings below) N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
-
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
255,568
and
-2,322
and

4.21%
N/A
and

4.96%
and

4.96%

1.7 and
-

0.0 and

0.3%
and

0.3%

US TREAS STRIPS
02/26/ INTEREST PMT/
912833LY4
276,000
and
-
and
-
NR
and
NR
and
-

0.000%
and
-
02/15/26 M
and
-
and
-

92.60 and

93.44 and

91.79 255,568
and
-2,322
and

4.21%

92.01 and

4.96% M
and

4.96%

1.7 and

0.0 and

0.0 and

0.3%
and

0.3%
Certificates of Deposit
security type total (category applies to all holdings below) N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A

4.407%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
7,508,921
and
-91,079
and

4.37%
N/A
and

5.21%
and

5.21%

1.5 and
-

0.1 and

8.7%
and

8.2%

CUSTOMERS BANK

CD/ WEST READING PA
ACT/365/ 23204HNC8
250,000
and
-
and
-
-
and
-
and
FDIC

4.700%
and
Fixed
08/16/24 M
and
-
and
-

99.88 and
100.00
and
100.00
249,695
and
-305
and

4.70%

99.83 and

5.48% M
and

5.48%

0.2 and

0.0 and

0.0 and

0.3%
and

0.3%

MORGAN STANLEY BK

NA CD/ SOUTH
JORDAN UT ACT/365/
61690DEM6
250,000
and
-
and
-
-
and
-
and
FDIC

5.500%
and
Fixed
09/26/24 M
and
-
and
-

99.97 and
100.00
and
100.00
249,920
and
-80
and

5.50%

99.97 and

5.38% M
and

5.38%

0.3 and

0.0 and

0.0 and

0.3%
and

0.3%

BANK OF BARODA CD/

NEW YORK NY
ACT/365/ 06063HRH8
250,000
and
-
and
-
-
and
-
and
FDIC

5.500%
and
Fixed
09/27/24 M
and
-
and
-

99.97 and
100.00
and
100.00
249,920
and
-80
and

5.50%

99.97 and

5.38% M
and

5.38%

0.3 and

0.0 and

0.0 and

0.3%
and

0.3%

COMERICA BANK

TEXAS CD/ DALLAS TX
ACT/365/ 200339FB0
250,000
and
-
and
-
-
and
-
and
FDIC

5.250%
and
Fixed
09/30/24 M
and
-
and
-

99.90 and
100.00
and
100.00
249,738
and
-263
and

5.25%

99.89 and

5.54% M
and

5.54%

0.3 and

0.0 and

0.0 and

0.3%
and

0.3%
BANK HAPOALIM BM 250,000
and
-
and

5.050%
and
11/26/24 M
and

99.81 and
249,523
and

99.78 and

0.5 and

0.0 and
CITY OF MALIBU | June 29, 2024 Page 9 of 21
Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
and Gain Loss ($)
and
Purch Yld
Yld Price
and
YTWand
YTM
Duration
and
Convexity
Dur Cont
and
% Fxd Inc
and
% Port

NY CD/ NEW YORK NY
ACT/365/ 06251A5N6
-
and
-
-
and
FDIC
Fixed -
and
-
100.00
and
100.00
-478
and

5.05%

5.51% M
and

5.51%

0.0 and

0.3%
and

0.3%

MANUF & TRADERS TR

CO CD/ BUFFALO NY
ACT/365/ 564759RJ9
250,000
and
-
and
-
-
and
-
and
FDIC

4.900%
and
Fixed
12/09/24 M
and
-
and
-

99.79 and
100.00
and
100.00
249,478
and
-523
and

4.90%

99.75 and

5.38% M
and

5.38%

0.5 and

0.0 and

0.0 and

0.3%
and

0.3%

ALLY BANK CD/

BENSALEM PA
ACT/365/ 02007GM34
250,000
and
-
and
-
-
and
-
and
FDIC

5.250%
and
Fixed
03/24/25 M
and
-
and
-

99.95 and
100.00
and
100.00
249,865
and
-135
and

5.25%

99.88 and

5.38% M
and

5.38%

0.8 and

0.0 and

0.0 and

0.3%
and

0.3%

AMERICAN EXPR NATL

BK CD/ SALT LAKE CTY
UT ACT/365/
02589ABV3
200,000
and
-
and
-
-
and
-
and
FDIC

2.050%
and
Fixed
03/24/25 M
and
-
and
-

97.67 and
100.00
and
100.00
195,344
and
-4,656
and

2.05%

97.37 and

5.42% M
and

5.42%

0.8 and

0.0 and

0.0 and

0.2%
and

0.2%

WELLS FARGO BANK

NA CD/ SIOUX FALLS
SD ACT/365/
949764CT9
250,000
and
-
and
-
-
and
-
and
FDIC

4.900%
and
Fixed
05/23/25 M
and
-
and
-

99.72 and
100.00
and
100.00
249,298
and
-703
and

4.90%

99.60 and

5.32% M
and

5.32%

0.9 and

0.0 and

0.0 and

0.3%
and

0.3%

BMO HARRIS BANK NA

CD/ CHICAGO IL
ACT/365/ 05600XQK9
250,000
and
-
and
-
-
and
-
and
FDIC

4.850%
and
Fixed
05/27/25 M
and
-
and
-

99.63 and
100.00
and
100.00
249,070
and
-930
and

4.85%

99.52 and

5.35% M
and

5.35%

0.9 and

0.0 and

0.0 and

0.3%
and

0.3%

AMERICAN COML BK &

TR CD/ OTTAWA IL
ACT/365/ 02519ACB1
250,000
and
-
and
-
-
and
-
and
FDIC

5.000%
and
Fixed
06/06/25 M
and
-
and
-

99.81 and
100.00
and
100.00
249,515
and
-485
and

5.00%

99.69 and

5.31% M
and

5.31%

1.0 and

0.0 and

0.0 and

0.3%
and

0.3%

BANK OF HOPE CD/

LOS ANGELES CA
ACT/365/ 062683JQ1
250,000
and
-
and
-
-
and
-
and
FDIC

4.400%
and
Fixed
07/14/25 M
and
-
and
-

99.20 and
100.00
and
100.00
247,990
and
-2,010
and

4.40%

99.04 and

5.28% M
and

5.28%

1.1 and

0.0 and

0.0 and

0.3%
and

0.3%

FLAGSTAR BANK NA
CD/ TROY MI ACT/365/
33847GBY7
250,000
and
-
and
-
-
and
-
and
FDIC

4.600%
and
Fixed
08/11/25 M
and
-
and
-

99.38 and
100.00
and
100.00
248,455
and
-1,545
and

4.60%

99.23 and

5.26% M
and

5.26%

1.1 and

0.0 and

0.0 and

0.3%
and

0.3%

BMW BK N AMERICA

CD/ SALT LAKE CTY UT
ACT/365/ 05580AX58
250,000
and
-
and
-
-
and
-
and
FDIC

5.100%
and
Fixed
09/17/25 M
and
-
and
-

99.90 and
100.00
and
100.00
249,755
and
-245
and

5.10%

99.78 and

5.27% M
and

5.27%

1.2 and

0.0 and

0.0 and

0.3%
and

0.3%
CITY OF MALIBU | June 29, 2024 Page 10 of 21
Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
and Gain Loss ($)
and
Purch Yld
Yld Price
and
YTWand
YTM
Duration
and
Convexity
Dur Cont
and
% Fxd Inc
and
% Port

STATE BANK OF INDIA

CD/ NEW YORK NY
ACT/365/ 856285V81
250,000
and
-
and
-
-
and
-
and
FDIC

4.950%
and
Fixed
12/02/25 M
and
-
and
-

99.80 and
100.00
and
100.00
249,510
and
-490
and

4.95%

99.63 and

5.21% M
and

5.21%

1.4 and

0.0 and

0.0 and

0.3%
and

0.3%

SALLIE MAE

BANK/SALT CD/ SALT
LAKE CTY UT ACT/365/
795451DG5
250,000
and
-
and
-
-
and
-
and
FDIC

4.750%
and
Fixed
12/15/25 M
and
-
and
-

99.58 and
100.00
and
100.00
248,940
and
-1,060
and

4.75%

99.38 and

5.17% M
and

5.17%

1.4 and

0.0 and

0.0 and

0.3%
and

0.3%

BANK OF AMERICA NA

CD/ CHARLOTTE NC
ACT/365/ 06051XFE7
250,000
and
-
and
-
-
and
-
and
FDIC

4.950%
and
Fixed
01/05/26 M
and
-
and
-
100.00
and
100.00
and
100.00
250,000
and
0 and
-
-
and
-
and
-
-
and
-
and
-
and

0.3%
and

0.3%

COMENITY BANK CD/

WILMINGTON DE
ACT/365/ 99000QQW7
200,000
and
-
and
-
-
and
-
and
FDIC

2.000%
and
N/A
03/18/26 M
and
-
and
-

94.40 and
100.00
and
100.00
188,800
and
-11,200
and

2.00%

94.01 and

5.35% M
and

5.35%

1.8 and

0.0 and

0.0 and

0.2%
and

0.2%

SYNCHRONY BANK

CD/ DRAPER UT
ACT/365/ 87165HX21
250,000
and
-
and
-
-
and
-
and
FDIC

5.000%
and
Fixed
03/24/26 M
and
-
and
-
100.00
and
100.00
and
100.00
250,005
and
5 and

5.00%

99.76 and

5.13% M
and

5.13%

1.7 and

0.0 and

0.0 and

0.3%
and

0.3%

TEXAS EXCHANGE BK

SSB CD/ CROWLEY TX
ACT/365/ 88241TMC1
250,000
and
-
and
-
-
and
-
and
FDIC

1.100%
and
Fixed
10/29/26 M
and
07/29/24 P
and
100.00

91.67 and
100.00
and
100.00
229,185
and
-20,815
and

1.10%

91.19 and

5.00% M
and

5.00%

2.4 and

0.1 and

0.0 and

0.3%
and

0.3%

DISCOVER BANK CD/

GREENWOOD DE
ACT/365/ 254673Z66
200,000
and
-
and
-
-
and
-
and
FDIC

4.950%
and
Fixed
11/16/26 M
and
-
and
-
100.15
and
100.00
and
100.00
200,302
and
302
and

4.95%

99.94 and

4.97% M
and

4.97%

2.3 and

0.1 and

0.0 and

0.2%
and

0.2%

UBS BANK USA CD/

SALT LAKE CTY UT
ACT/365/ 90348JX96
250,000
and
-
and
-
-
and
-
and
FDIC

1.150%
and
Fixed
12/08/26 M
and
-
and
-

91.43 and
100.00
and
100.00
228,568
and
-21,433
and

1.15%

90.98 and

4.97% M
and

4.97%

2.5 and

0.1 and

0.0 and

0.3%
and

0.3%

VALLEY NATL BK

WAYNE CD/ WAYNE NJ
ACT/365/ 919853KW0
250,000
and
-
and
-
-
and
-
and
FDIC

4.600%
and
Fixed
03/11/27 M
and
-
and
-

99.24 and
100.00
and
100.00
248,108
and
-1,893
and

4.60%

99.13 and

4.93% M
and

4.93%

2.5 and

0.1 and

0.0 and

0.3%
and

0.3%

BRADESCO BANK CD/

CORAL GABLES FL
250,000
and
-
and
-
and
-
and
03/22/27 M
and
-
and

98.99 and
100.00
and
247,485
and
-2,515
and

98.89 and

4.92% M
and

0.0 and

0.3%
and

4.500%
and
Fixed

2.6 and

0.1 and
CITY OF MALIBU | June 29, 2024 Page 11 of 21
Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
and Gain Loss ($)
and
Purch Yld
Yld Price
and
YTWand
YTM
Duration
and
Convexity
Dur Cont
and
% Fxd Inc
and
% Port
ACT/365/ 10421AAT4 - FDIC - 100.00 4.50% 4.92% 0.3%

BNY MELLON NA CD/

NEW YORK NY
ACT/365/ 05584CP59
250,000
and
-
and
-
-
and
-
and
FDIC

4.600%
and
Fixed
06/01/27 M
and
-
and
-

99.20 and
100.00
and
100.00
248,000
and
-2,000
and

4.60%

99.20 and

4.89% M
and

4.89%

2.8 and

0.1 and

0.0 and

0.3%
and

0.3%

EAGLEMARK SVGS BK

CD/ CARSON CTY NV
ACT/365/ 27004PFE8
250,000
and
-
and
-
-
and
-
and
FDIC

4.700%
and
Fixed
07/02/27 M
and
-
and
-
100.00
and
100.00
and
100.00
250,000
and
0 and
-
-
and
-
and
-
-
and
-
and
-
and

0.3%
and

0.3%

CELTIC BANK CD/ SALT
LAKE CTY UT ACT/365/
15118RTH0
250,000
and
-
and
-
-
and
-
and
FDIC

2.000%
and
Fixed
12/27/27 M
and
-
and
-

91.11 and
100.00
and
100.00
227,770
and
-22,230
and

2.00%

90.76 and

4.82% M
and

4.82%

3.4 and

0.1 and

0.0 and

0.3%
and

0.2%

BEAL BANK - PLANO

TX CD/ PLANO TX
ACT/365/ 07371BVU2
250,000
and
-
and
-
-
and
-
and
FDIC

4.700%
and
Fixed
05/30/29 M
and
-
and
-
100.73
and
100.00
and
100.00
251,835
and
1,835
and

4.70%
-
and
-
and
-
-
and
-
and
-
and

0.3%
and

0.3%

BEAL BANK USA CD/

LAS VEGAS NV
ACT/365/ 07371DR66
250,000
and
-
and
-
-
and
-
and
FDIC

4.700%
and
Fixed
05/30/29 M
and
-
and
-
100.73
and
100.00
and
100.00
251,835
and
1,835
and

4.70%
-
and
-
and
-
-
and
-
and
-
and

0.3%
and

0.3%

MORGAN STANLEY

PVT BK CD/ PURCHASE
NY ACT/365/
61768E4J9
250,000
and
-
and
-
-
and
-
and
FDIC

4.650%
and
Fixed
05/30/29 M
and
-
and
-
100.48
and
100.00
and
100.00
251,205
and
1,205
and

4.65%

99.84 and

4.69% M
and

4.69%

4.4 and

0.2 and

0.0 and

0.3%
and

0.3%

TOYOTA FINL SGS BK

CD/ HENDERSON NV
ACT/365/ 89235MPR6
250,000
and
-
and
-
-
and
-
and
FDIC

4.500%
and
Fixed
06/28/29 M
and
-
and
-

99.92 and
100.00
and
100.00
249,810
and
-190
and
-
-
and
-
and
-
-
and
-
and
-
and

0.3%
and

0.3%
Fixed income statistics
total
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A

2.576%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
86,433,648
and
457,717
and

4.37%
N/A
and

5.08%
and

5.08%

1.5 and
-

1.5 and
100.0%
and

94.8%
Total portfolio value: $91,163,942
**Indicates that this holding is insured by a credit agency but the specific insurer is unknown.

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 CITY OF MALIBU | June 29, 2024 Page 12 of 21
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. Please see the Important Information section at the end of this report.

CDs are subject to insurance limits through FDIC.

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.

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).

For more information including fixed income analysis details, please see the Important Information section at the end of this report.

CITY OF MALIBU | June 29, 2024 Page 13 of 21
Redemption Distribution Rolling 12 Months: w/Holdings
As of 06/28/2024 for XXXX7847
Redemption values are stated in thousands ($)
Description
Jul
2024
Aug
2024
Sep
2024
Oct
2024
Nov
2024
Dec
2024
Jan
2025
Feb
2025
Mar
2025
Apr
2025
May
2025
Jun
2025
Total
Principal
Government bond
security sub type total (category applies to all holdings below) - - 4,000 10,360 - 4,290 - 5,215 9,330 - - - 33,195
UST NTS .375%
091524/
91282CCX7
- - 4,000 - - - - - - - - - 4,000
UST NTS 1.5%
021525/
91282CDZ1
- - - - - - - 5,215 - - - - 5,215
UST NTS 2.25%
103124/
9128283D0
- - - 10,360 - - - - - - - - 10,360
CITY OF MALIBU | June 29, 2024 Page 14 of 21
Description
Jul
2024
Aug
2024
Sep
2024
Oct
2024
Nov
2024
Dec
2024
Jan
2025
Feb
2025
Mar
2025
Apr
2025
May
2025
Jun
2025
Total
Principal
UST NTS 4.25%
123124/
91282CGD7
- - - - - 4,290 - - - - - - 4,290
UST NTS 1.75%
031525/
91282CED9
- - - - - - - - 9,330 - - - 9,330
Corporate bond
security sub type total (category applies to all holdings below) - 250 750 - 250 250 - - 450 - 500 250 2,700
ALLY BANK 5.25%
032425/
02007GM34
- - - - - - - - 250 - - - 250
AMERICAN 2.05%
032425/
02589ABV3
- - - - - - - - 200 - - - 200

AMERICAN COM
5% 060625/
02519ACB1
- - - - - - - - - - - 250 250

BANK HAPO

5.05% 112624/
06251A5N6
- - - - 250 - - - - - - - 250
BANK OF BA 5.5%
092724/
06063HRH8
- - 250 - - - - - - - - - 250

BMO HARRI

4.85% 052725/
05600XQK9
- - - - - - - - - - 250 - 250
COMERICA 5.25%
093024/
200339FB0
- - 250 - - - - - - - - - 250
CUSTOMERS 4.7%
081624/ - 250 - - - - - - - - - - 250
CITY OF MALIBU | June 29, 2024 Page 15 of 21
Description
Jul
2024
Aug
2024
Sep
2024
Oct
2024
Nov
2024
Dec
2024
Jan
2025
Feb
2025
Mar
2025
Apr
2025
May
2025
Jun
2025
Total
Principal
23204HNC8
MANUF & TR 4.9%
120924/
564759RJ9
- - - - - 250 - - - - - - 250

MORGAN STA

5.5% 092624/
61690DEM6
- - 250 - - - - - - - - - 250
WELLS FARG 4.9%
052325/
949764CT9
- - - - - - - - - - 250 - 250
Redemption
distribution
rolling 12 months
total
- 250 4,750 10,360 250 4,540 - 5,215 9,780 - 500 250 35,895 Current market value of securities with undefined redemption value: $0 Total portfolio value: $91,163,942
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.

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

Mortgage Backed Securities display the total remaining principal on pass-through securities and collateralized mortgage obligations (CMOs), which are not represented in the table due to uncertain schedule of principal payments.

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. These securities will display N/A as the redemption value in the month of their scheduled redemption. For more information, see the Important Information section at the end of this report.

CITY OF MALIBU | June 29, 2024 Page 16 of 21
Estimated Income Summary
As of 06/28/2024 for XXXX7847
Description/Asset Types
Jul
2024
Aug
2024
Sep
2024
Oct
2024
Nov
2024
Dec
2024
Jan
2025
Feb
2025
Mar
2025
Apr
2025
May
2025
Jun
2025
Annualized
Estimated
income ($)
Tax exempt accounts total 35,421 136,765 610,008 219,405 82,901 185,978 47,814 130,884 567,576 102,963 76,089 87,580 2,283,383 Taxable
income type total(category applies to security types below) 35,421 30,169 91,270 24,202 53,435 59,925 47,814 24,287 56,338 24,310 46,623 52,689 546,483 Corporate bond 14,456 9,203 70,305 3,236 32,470 38,960 26,849 3,322 35,373 3,344 25,658 31,724 294,900 Money market fund 20,965 20,965 20,965 20,965 20,965 20,965 20,965 20,965 20,965 20,965 20,965 20,965 251,583 Federal
income type total(category applies to security types below) - 106,597 518,738 195,203 29,466 126,053 - 106,597 511,238 78,653 29,466 34,891 1,736,900 Government bond - 106,597 518,738 195,203 29,466 126,053 - 106,597 511,238 78,653 29,466 34,891 1,736,900 Unassigned total - - - - - - - - - - - - -
Not available
income type total(category applies to security types below) - - - - - - - - - - - - -
Cash alternative - - - - - - - - - - - - -
Estimated income total 35,421 136,765 610,008 219,405 82,901 185,978 47,814 130,884 567,576 102,963 76,089 87,580 2,283,383 Total Portfolio Value: $91,163,942
CITY OF MALIBU | June 29, 2024 Page 17 of 21
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 only the income generated by an investment. It does not reflect changes in price, which may fluctuate.

CITY OF MALIBU | June 29, 2024 Page 18 of 21
Important Information
Accounts Included:

Internal Accounts
XXXX7847 P CITY OF MALIBU
P Indicates an account included in the performance information within the report.

This Account listing only represents a portfolio of assets and/or liabilities owned by you based on transaction records and other supplemental information you have supplied. This report may not include all accounts or assets in your household. This report may include assets/liabilities that you currently hold away from our firm; these assets may not be covered by SIPC.

This report is not the official record of your account. However, it has been prepared to assist you with your investment planning and is for informational purposes only. Your Client Statement is the official record of your account. Therefore, if there are any discrepancies between this report and your Client Statement, you should rely on the Client Statement and call your local Branch Manager with any questions.

Transactions requiring tax consideration should be reviewed carefully with your accountant or tax advisor. Unless otherwise indicated, market prices/values for internal assets are the most recent closing prices available at the time of this report and are subject to change. Prices may not reflect the value at which securities could be sold.

Certain assets are excluded from performance calculations. Selected annuities, certain types of direct investments, mutual funds held outside the firm, precious metals, coins, bullion, or any assets subject to taxwithholdings (TEFRA) are among the assets not included in values or performance calculations.

For performance market values, we include account accruals in the calculations. Accruals are accumulated interest or income that your individually held assets have earned over time but have not been recorded or paid out yet. Because you are legally entitled to receive this interest and income as the holder of the assets, we factor these accruals as part of the assets' appreciation value. For non-performance market values, we do not include accruals as part of the calculation.

If your portfolio holds alternative investment positions, the available evaluations used to calculate your returns may be estimated or stale.

Alternative investment valuations are for informational purposes only as we have not confirmed with the issuer that you continue to own any of these assets. Please refer to the issuer statement for the most up-to-date valuations.

A portion of the financial data used to generate this report may be provided to Wells Fargo Advisors by third-party vendors. While this third-party information is believed to be reliable, it has not been verified.

Asset Classification
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.

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.

Return Methodology
Returns are annualized for time periods greater than one year. Past performance is no guarantee of future results.

Net Time Weighted rates of return are independent of the timing and CITY OF MALIBU | June 29, 2024 Page 19 of 21
magnitude of your cash flow decisions and are calculated after the deduction of program fees. Each return period is given an equal weighting, regardless of the portfolio value. Gross Time Weighted rates of return are independent of the timing and magnitude of your cash flow decisions and are calculated before the deduction of all fees. Each return period is given an equal weighing, regardless of the portfolio value.

Money Weighted rates of return reflect your decisions to deposit assets to or withdraw assets from your accounts and are calculated after the deduction of all fees. They give more weight to returns in periods with higher portfolio values and, as a result, should not be used to measure performance of an investment manager.

Fixed Income Securities (Bonds)
Investments in fixed-income securities are subject to market, interest rate, credit/default, inflation and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can result in the decline in the bond's price. Lower rated securities are speculative and involve greater risk of default.

YTW: 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. 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.

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

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

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

Weighted avg maturity: Weighted average maturity is a measure of the overall maturity of the fixed income securities in a portfolio. The higher the weighted average maturity the longer it takes for all these securities in the portfolio to mature.

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).

Credit Quality Ratings: Bond rating firms, such as Moody’s and Standard & Poor's, use different designations consisting of upper- and lower-case letters 'A' and 'B' to identify a bond's credit quality rating. 'AAA' and 'AA' (high credit quality) and 'A' and 'BBB' (medium credit quality) are considered investment grade. Credit ratings for bonds below these designations ('BB', 'B', 'CCC', etc.) are considered low credit quality, and are commonly referred to as junk bonds.

Fixed Income Analysis
All yields, durations and convexities are calculated at the 'Yield Price' listed on the report. The calculations are updated approximately once per month.

Should there be significant changes in interest rates we will update the calculations more frequently.

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 CITY OF MALIBU | June 29, 2024 Page 20 of 21
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 may 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
Assured Gty. - Assured Guaranty Corp.

BHAC - Berkshire Hathaway Assurance
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
BAM - Build America Mutual Assurance Corp.

Q-SBLF - Qualified School Bond Loan Fund
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
CITY OF MALIBU | June 29, 2024 Page 21 of 21

Agenda Item # 3.B.14.

Council Agenda Report
To: Mayor Stewart and the Honorable Members of the City Council Prepared by: Joseph D. Toney, Assistant City Manager
Approved by: Steve McClary, City Manager
Date prepared: August 7, 2024 Meeting date: August 12, 2024 Subject: Adoption of Resolution No. 24-43, Appointment and Employment Contract for Interim Planning Director
RECOMMENDED ACTION: 1) Adopt Resolution No. 24-43 appointing Maureen Tamuri as Interim Planning Director pursuant to Government Code Section 21221(h); and 2) Authorize the City Manager to execute the employment agreement with Maureen Tamuri.

FISCAL IMPACT: No additional appropriation is required. Funding for the position is included in the Adopted Budget for FY 2024-25 in Account No. 101-2001-4102 (PlanningPart-Time Salaries).

STRATEGIC PRIORITY: This item is part of the day-to-day operations identified in the Adopted FY 2023-24 Strategic Priority Project List. Staff continue to work on ongoing projects and normal business while the FY 2024-25 Strategic Priority Plan is finalized.

DISCUSSION: With the recent resignation of the Planning Director, the City is seeking an Interim Director to manage the Planning Department during active recruitment for a regular appointment to the Planning Director position, to include a possible reorganization that would lead to the elimination of the position. The City Manager interviewed a pool of candidates and extended an offer to Maureen Tamuri, who has the required background and expertise in Planning and having over 40 years of experience. Most notably having served as the Community Development Director for the City of Calabasas, and recently as the Interim Community Development Director for the City of Oxnard.

The attached Employment Agreement includes provisions for salary, and other terms and conditions of the temporary employment consistent with state laws and regulations. The Agreement, if approved, becomes effective August 13, 2024, and would terminate on the earlier of the following to occur: (i) the date immediately preceding the date on which the City Council Meeting
08-12-24
Item

3.B.14.

Agenda Item # 3.B.14.
regular appointment to the vacant position of Planning Director commences his or her employment, (ii) the date that the Planning Director position is eliminated in accordance with the City’s reorganization plan, (iii) upon the completion of 960 hours worked by Ms. Tamuri, or (iv) the date that this appointment is terminated by the City or Ms. Tamuri.

If the City Council desires to approve the agreement for Interim Planning Director as outlined above, Resolution No. 24-43 should be adopted, appointing Maureen Tamuri and authorize the City Manager to sign the agreement on behalf of the City.

ATTACHMENTS:

1. Resolution No. 24-43

2. Employment Agreement with Maureen Tamuri
RESOLUTION NO. 24-43

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MALIBU,

APPOINTING MAUREEN TAMURI AS INTERIM PLANNING DIRECTOR
PURSUANT TO GOVERNMENT CODE SECTION 21221(h)
The City Council of the City of Malibu does hereby find, order and resolve as follows:

SECTION 1. Recitals.

A. Government Code section 21221(h) addresses the temporary employment of retirees in accordance with the Public Employees’ Retirement Law, as administered by the California Public Employees’ Retirement System (CalPERS), and permits the City Council to appoint a retired annuitant to a vacant position requiring specialized skills during recruitment for a permanent appointment, and provides that such appointment will not subject the retired person to reinstatement from retirement or loss of benefits so long as it is a single appointment that does not exceed 960 hours in a fiscal year; and
B. The Planning Director position became vacant on July 26,2024 with the departure of the then incumbent and has remained vacant to date;
C. The City Council desires to appoint Maureen Tamuri to the vacant Planning Director position on an interim basis under Government Code section 21221(h), effective August 13, 2024, to provide the leadership, managerial, and organizational skills necessary to manage the Planning Department; and D. Maureen Tamuri is a retired annuitant who has been retired from public service for more than 180 days and who has the required background and expertise in planning having over 40 years of experience. Most notably having served as the Community Development Director for the City of Calabasas, and recently as the Interim Community Development Director for the City of Oxnard. These qualifications make her qualified to be appointed as Planning Director on an interim basis; and E. This Government Code section 21221(h) appointment shall only be made once and therefore will end on the earlier of the following to occur: (i) the date immediately preceding the date on which the regular appointment to the vacant position of Planning Director commences his or her employment, (ii) the date that the Planning Director position is eliminated in accordance with the City’s reorganization plan, or (iii) the date that this appointment is terminated by the City or Maureen Tamuri; and
F. It is understood by the City and Maureen Tamuri that the combined total hours to be served by Maureen Tamuri in any fiscal year, for all positions and for all CalPERS employers combined, shall not exceed the 960-hour limitation set forth in California Government Code sections 7522.56(d) and 21221(h); and G. The compensation paid to retirees cannot be less than the minimum nor exceed the maximum monthly base salary paid to other employees performing comparable duties, divided by 173.333 to equal the hourly rate; and Resolution No. 24-43

_____________________
H. The minimum hourly rate for the Planning Director position is $90.53, and the maximum hourly rate for this position is $118.12 and
I. The hourly rate paid to Maureen Tamuri for her services as Planning Director on an interim basis is $118.12 which is not less than the minimum or in excess of the maximum hourly rate paid to other employees performing comparable duties, subject to any subsequent adjustment to the payrate as adopted by the City Council; and
J. Maureen Tamuri will not receive any benefits, incentives, compensation in lieu of benefits, or any other forms of compensation in addition to the hourly rate; and K. Pursuant to Government Code section 7522.56(e)(1), Maureen Tamuri must certify in writing to the City, upon accepting an offer of employment, that she has not received any unemployment insurance compensation arising out of prior employment with a public employer that is subject to Government Code section 7522.56 during the 12-month period preceding the effective date of her appointment.

L. The limited-term employment agreement between Maureen Tamuri and the City has been reviewed by the City Council and is attached herein; and SECTION 2. Actions.

A. The Council has considered the full record before it, which may include but is not limited to such things as the staff report, testimony by staff and the public, and other materials and evidence submitted or provided to it. Furthermore, the recitals set forth above are found to be true and correct and are incorporated herein by reference.

B. The City Council hereby appoints Maureen Tamuri to the position of Planning Director on an interim basis effective August 13, 2024, pursuant to the authority provided under Government Code section 21221(h), during active recruitment for a regular appointment to the Planning Director position, to include a possible reorganization that would lead to the elimination of the position, to provide the critically needed, specialized skills necessary to manage the Planning Department.

C. The employment agreement for Maureen Tamuri, a copy of which is incorporated herein as Exhibit A, is hereby approved by the City Council.

D. The City Manager is authorized to execute said agreement on behalf of the City, with such technical amendments as may be deemed appropriate by the City Manager and City Attorney.

Resolution No. 24-43

_____________________
PASSED, APPROVED, and ADOPTED this __th day of ____ 2024. _____________________________
DOUG STEWART, Mayor
ATTEST:
__________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO FORM:
__________________________________
TREVOR RUSIN, Interim City Attorney
Resolution No. 24-43

_____________________
Exhibit A

AT-WILL LIMITED DURATION EMPLOYMENT AGREEMENT

BETWEEN CITY OF MALIBU AND

MAUREEN TAMURI

INTERIM PLANNING DIRECTOR
This At-Will Employment Agreement (“Agreement”) is entered into effective August 13, 2024, by and between the CITY OF Malibu, a municipal corporation, hereafter referred to the "City" and Maureen Tamuri, hereafter referred to as "EMPLOYEE." WHEREAS, the City has a vital need for an Interim Planning Director to allow for organizational and operational continuity; and
WHEREAS, Employee is a retired annuitant who has been retired from public service for more than 180 days and who has served as the Community Development Director for the City of Calabasas, and recently as the Interim Community Development Director for the City of Oxnard. These qualifications make her qualified as an Interim Planning Director, on a temporary basis; and
WHEREAS, the City Council wishes to appoint Employee, a retired annuitant, to the vacant position of Planning Director on an interim basis, pursuant to Government Code Section 21221(h); and
WHEREAS, Government Code section 21221(h) limits the number of hours a retired annuitant may work to 960 hours in a fiscal year; and
WHEREAS, Employee hereby certifies that she has not received unemployment insurance compensation within the 12-month period prior to her appointment.

NOW THEREFORE, in consideration of the above stated desires and the mutual covenants, terms and conditions, herein contained, the parties hereto mutually and freely agree as follows:

SECTION 1- EMPLOYMENT CONDITIONS AND DUTIES
a. EMPLOYEE is appointed by the City Council and shall serve at the pleasure of the City Manager in a temporary capacity as the Interim Planning Director. b. EMPLOYEE acknowledges that this temporary position is an "at-will" position, and that EMPLOYEE has no property interest in or expectation of continued employment or Resolution No. 24-43

_____________________
any due process right to a hearing before or after a decision by the City Council to terminate this position. Further, EMPLOYEE acknowledges that this Agreement and her temporary position is not a guarantee of continued employment.

SECTION 2- EMPLOYMENT TERM
a. The City agrees to employ EMPLOYEE as “Interim Planning Director.” Employee agrees to remain in this position effective August 13, 2024, and would terminate on the earlier of the following to occur: (i) the date immediately preceding the date on which the regular appointment to the vacant position of Planning Director commences his or her employment, (ii) the date that the Planning Director position is eliminated in accordance with the City’s reorganization plan, (iii) upon the completion of 960 hours worked by Employee, or (iv) the date that this appointment is terminated by the City or Employee; and The temporary position of Interim Planning Director is an at-will position and EMPLOYEE has no property interest in his position.
b. During the term of this Agreement, EMPLOYEE shall not serve other entities or development clients in other jurisdictions which would interfere with or be incompatible or in conflict with the EMPLOYEE’S performance of the duties required under this agreement. The determination of incompatibility will be made by the City Council in their sole discretion and shall be final.
c. Nothing in this Agreement shall prevent, limit, or otherwise interfere with the rights of the City to terminate the services of the EMPLOYEE at any time during such employment term or any renewal thereof.
d. Nothing in this Agreement shall prevent, limit, or otherwise interfere with EMPLOYEE’S right to resign at any time from this position with the City, subject to the provisions as set forth in this agreement.

SECTION 3- COMPENSATION
a. The City shall pay EMPLOYEE for all services rendered and worked pursuant to this agreement at an hourly rate of $118.12 per hour, which represents the annual salary of the Planning Director position, divided by twelve months and divided again by 173.333, as required by Government Code section 21221(h). Employees’ compensation will be paid in conformance with the City's established pay periods and pay days. b. EMPLOYEE shall not receive nor be entitled to any benefits, incentives, or compensation in lieu of benefits under this Agreement, including, but not limited to, medical, dental, vision, deferred compensation, holiday, vacation pay, management or administrative leave, sick leave, PERS contributions, severance, auto allowance, or any other incentives or benefits provided by CITY to permanent full- or part-time employees.

Resolution No. 24-43

_____________________
c. EMPLOYEE is a CalPERS retired annuitant and as such will be required to comply with CalPERS regulations limiting annuitant’s post-retirement employment. In addition, pursuant to Government Code section 21221(h), the EMPLOYEE is filling a vacant position. EMPLOYEE has specialized skills needed to perform the work under this agreement. EMPLOYEE desires that she not be reinstated from retirement and that she provides the aforementioned services without interruption of retirement benefits. This employment is intended by CITY and EMPLOYEE to take advantage of and be in compliance with Government Code sections 7522.56 and 21221(h).

SECTION 4-WORK HOURS
The EMPLOYEE shall coordinate the work schedule based upon the needs of the City.

EMPLOYEE’S work schedule will be as established by the City Manager and can be expected to exceed 40 hours per week, but not exceeding 960 hours in a fiscal year per Government Code section 21221(h), due to required attendance at City Council and Planning Commission and other meetings.

SECTION 5- EMPLOYMENT TERMINATION
The City Manager may terminate or remove the EMPLOYEE with or without cause at any time. EMPLOYEE has no property interest in his position and understands that this is a temporary position of limited duration.

SECTION 6 – INDEMNIFICATION
City will defend and indemnify EMPLOYEE, using legal counsel selected by City or its insurers, against liability for acts or omissions by EMPLOYEE occurring in the course and scope of employment under this Agreement, in accordance with Government Code Sections 825, 995 and 995.2 through 995.8. In the event of a legal conflict as determined by City or its insurer which necessitates independent counsel, City or its insurer shall select and pay the reasonable fees of such counsel.

SECTION 7- MISCELLANEOUS
a. This Agreement supersedes all other agreements between the Parties hereto with respect to the employment of the EMPLOYEE by the City and contains all of the covenants and agreements between the Parties with respect to such employment. Each Party to this Agreement acknowledges that no representations, inducement, promise, or agreements have been made by any Party or anyone acting on behalf of any party orally or otherwise which are not embodied herein.
b. No other agreement, statement or promise not contained in this Agreement shall be valid or binding or shall be used in interpreting the meaning of this Agreement. c. Amendments, modifications or changes may be made to this Agreement and shall become effective on the date contained therein when executed in writing and mutually Resolution No. 24-43

_____________________
signed by both parties to this Agreement.
d. This Agreement and any amendments, modifications or changes thereto shall be binding upon the City during its term.
e. This Agreement and any amendments, modifications or changes thereto shall be binding upon the EMPLOYEE and inure to the benefit of the heirs at law and executors of the EMPLOYEE.
f. Except as otherwise provided in the Agreement, EMPLOYEE shall comply with all rules and regulations of the City, including the City's Personnel Rules and Regulations. g. EMPLOYEE shall not engage in any activity which is or may become a conflict of interest, a prohibited contract or which may create incompatibility of office as defined under California law.

SECTION 8- SEVERABLILITY
If any provision or any portion hereof is held to be unconstitutional invalid or unenforceable, the remainder to this Agreement or portion thereof shall be deemed severable, shall not be affected, and shall remain in full force and effect.

EMPLOYEE CITY
_____________________ _______________________
Maureen Tamuri Steve McClary, City Manager
ATTEST:
____________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO LEGAL FORM:
____________________________________
Trevor Rusin, Interim City Attorney

AT-WILL LIMITED DURATION EMPLOYMENT AGREEMENT

BETWEEN CITY OF MALIBU AND

MAUREEN TAMURI

INTERIM PLANNING DIRECTOR
This At-Will Employment Agreement (“Agreement”) is entered into effective August 13, 2024, by and between the CITY OF Malibu, a municipal corporation, hereafter referred to the "City" and Maureen Tamuri, hereafter referred to as "EMPLOYEE." WHEREAS, the City has a vital need for an Interim Planning Director to allow for organizational and operational continuity; and
WHEREAS, Employee is a retired annuitant who has been retired from public service for more than 180 days and who has served as the Community Development Director for the City of Calabasas, and recently as the Interim Community Development Director for the City of Oxnard. These qualifications make her qualified as an Interim Planning Director, on a temporary basis; and
WHEREAS, the City Council wishes to appoint Employee, a retired annuitant, to the vacant position of Planning Director on an interim basis, pursuant to Government Code Section 21221(h); and
WHEREAS, Government Code section 21221(h) limits the number of hours a retired annuitant may work to 960 hours in a fiscal year; and
WHEREAS, Employee hereby certifies that she has not received unemployment insurance compensation within the 12-month period prior to her appointment.

NOW THEREFORE, in consideration of the above stated desires and the mutual covenants, terms and conditions, herein contained, the parties hereto mutually and freely agree as follows:

SECTION 1- EMPLOYMENT CONDITIONS AND DUTIES
a. EMPLOYEE is appointed by the City Council and shall serve at the pleasure of the City Manager in a temporary capacity as the Interim Planning Director. b. EMPLOYEE acknowledges that this temporary position is an "at-will" position, and that EMPLOYEE has no property interest in or expectation of continued employment or any due process right to a hearing before or after a decision by the City Council to terminate this position. Further, EMPLOYEE acknowledges that this Agreement and her temporary position is not a guarantee of continued employment.

SECTION 2- EMPLOYMENT TERM
a. The City agrees to employ EMPLOYEE as “Interim Planning Director.” Employee agrees to remain in this position effective August 13, 2024, and would terminate on the earlier of the following to occur: (i) the date immediately preceding the date on which the regular appointment to the vacant position of Planning Director commences his or her employment, (ii) the date that the Planning Director position is eliminated in accordance with the City’s reorganization plan, (iii) upon the completion of 960 hours worked by Employee, or (iv) the date that this appointment is terminated by the City or Employee; and The temporary position of Interim Planning Director is an at-will position and EMPLOYEE has no property interest in his position.
b. During the term of this Agreement, EMPLOYEE shall not serve other entities or development clients in other jurisdictions which would interfere with or be incompatible or in conflict with the EMPLOYEE’S performance of the duties required under this agreement. The determination of incompatibility will be made by the City Council in their sole discretion and shall be final.
c. Nothing in this Agreement shall prevent, limit, or otherwise interfere with the rights of the City to terminate the services of the EMPLOYEE at any time during such employment term or any renewal thereof.
d. Nothing in this Agreement shall prevent, limit, or otherwise interfere with EMPLOYEE’S right to resign at any time from this position with the City, subject to the provisions as set forth in this agreement.

SECTION 3- COMPENSATION
a. The City shall pay EMPLOYEE for all services rendered and worked pursuant to this agreement at an hourly rate of $118.12 per hour, which represents the annual salary of the Planning Director position, divided by twelve months and divided again by 173.333, as required by Government Code section 21221(h). Employees’ compensation will be paid in conformance with the City's established pay periods and pay days. b. EMPLOYEE shall not receive nor be entitled to any benefits, incentives, or compensation in lieu of benefits under this Agreement, including, but not limited to, medical, dental, vision, deferred compensation, holiday, vacation pay, management or administrative leave, sick leave, PERS contributions, severance, auto allowance, or any other incentives or benefits provided by CITY to permanent full- or part-time employees. c. EMPLOYEE is a CalPERS retired annuitant and as such will be required to comply with CalPERS regulations limiting annuitant’s post-retirement employment. In addition, pursuant to Government Code section 21221(h), the EMPLOYEE is filling a vacant position. EMPLOYEE has specialized skills needed to perform the work under this agreement. EMPLOYEE desires that she not be reinstated from retirement and that she provides the aforementioned services without interruption of retirement benefits. This employment is intended by CITY and EMPLOYEE to take advantage of and be in compliance with Government Code sections 7522.56 and 21221(h).

SECTION 4-WORK HOURS
The EMPLOYEE shall coordinate the work schedule based upon the needs of the City.

EMPLOYEE’S work schedule will be as established by the City Manager and can be expected to exceed 40 hours per week, but not exceeding 960 hours in a fiscal year per Government Code section 21221(h), due to required attendance at City Council and Planning Commission and other meetings.

SECTION 5- EMPLOYMENT TERMINATION
The City Manager may terminate or remove the EMPLOYEE with or without cause at any time. EMPLOYEE has no property interest in his position and understands that this is a temporary position of limited duration.

SECTION 6 – INDEMNIFICATION
City will defend and indemnify EMPLOYEE, using legal counsel selected by City or its insurers, against liability for acts or omissions by EMPLOYEE occurring in the course and scope of employment under this Agreement, in accordance with Government Code Sections 825, 995 and 995.2 through 995.8. In the event of a legal conflict as determined by City or its insurer which necessitates independent counsel, City or its insurer shall select and pay the reasonable fees of such counsel.

SECTION 7- MISCELLANEOUS
a. This Agreement supersedes all other agreements between the Parties hereto with respect to the employment of the EMPLOYEE by the City and contains all of the covenants and agreements between the Parties with respect to such employment. Each Party to this Agreement acknowledges that no representations, inducement, promise, or agreements have been made by any Party or anyone acting on behalf of any party orally or otherwise which are not embodied herein.
b. No other agreement, statement or promise not contained in this Agreement shall be valid or binding or shall be used in interpreting the meaning of this Agreement. c. Amendments, modifications or changes may be made to this Agreement and shall become effective on the date contained therein when executed in writing and mutually signed by both parties to this Agreement.
d. This Agreement and any amendments, modifications or changes thereto shall be binding upon the City during its term.
e. This Agreement and any amendments, modifications or changes thereto shall be binding upon the EMPLOYEE and inure to the benefit of the heirs at law and executors of the EMPLOYEE.
f. Except as otherwise provided in the Agreement, EMPLOYEE shall comply with all rules and regulations of the City, including the City's Personnel Rules and Regulations. g. EMPLOYEE shall not engage in any activity which is or may become a conflict of interest, a prohibited contract or which may create incompatibility of office as defined under California law.

SECTION 8- SEVERABLILITY
If any provision or any portion hereof is held to be unconstitutional invalid or unenforceable, the remainder to this Agreement or portion thereof shall be deemed severable, shall not be affected, and shall remain in full force and effect.

EMPLOYEE CITY
_____________________ _______________________
Maureen Tamuri Steve McClary, City Manager
ATTEST:
____________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO LEGAL FORM:
____________________________________
Trevor Rusin, Interim City Attorney

Agenda Item # 5.A.

Council Agenda Report
To: Mayor Stewart and the Honorable Members of the City Council Prepared by: Alexis Brown, Deputy City Manager
Reviewed by: Joseph Toney, Assistant City Manager
Approved by: Steve McClary, City Manager
Date prepared: July 24, 2024 Meeting date: August 12, 2024 Subject: Malibu Pacific Coast Highway Safety Projects Report RECOMMENDED ACTION: Receive a report on Pacific Coast Highway (PCH) Safety Projects and Special Initiatives and provide feedback to staff.

FISCAL IMPACT: Funding for these services was not included in the Adopted Budget for FY 2023-24.

STRATEGIC PRIORITY: This item was not included in the Adopted FY 2023-24 Strategic Priority Project List. At the Council’s direction, this project can be brought back at a future Strategic Planning meeting for prioritization.

DISCUSSION: The City of Malibu continues to take a multifaceted approach to enhancing safety on PCH. In collaboration with local and state partners, the initiatives undertaken by the City are categorized into legislative actions, education campaigns, infrastructure improvements, and enforcement strategies. Each category aims to enhance safety and promote a culture of shared responsibility among motorists, pedestrians, and cyclists who travel PCH in Malibu.

Malibu’s stretch of PCH is uniquely hazardous, with few sidewalks or separated bike lanes, limited parking, heavy visitor traffic, and homes and businesses just feet from passing traffic and few safe ways to cross. Those conditions have all been worsened by an epidemic of excessive speeding. As a result, over the past five years Malibu has had the highest number of fatalities and serious injuries resulting from vehicle crashes among similarly sized cities. On October 17, 2023, four Pepperdine University students standing City Council Meeting
08-12-24
Item

5.A.

Agenda Item # 5.A.
on the side of the highway were tragically struck and killed by a speeding motorist allegedly going 104 MPH. Since 2010, 61 lives have been lost on PCH within Malibu city limits.

BACKGROUND
The Pacific Coast Highway (PCH) serves as the only critical transportation artery for our city, accommodating thousands of vehicles daily. However, its scenic beauty and popularity among tourists also pose significant challenges regarding safety and traffic management. Over the years, the City Council has prioritized initiatives aimed at enhancing safety along PCH to mitigate accidents and improve overall traffic flow.

On November 8, 2023, during the Special Meeting of the PCH Taskforce, the City identified several key initiatives and projects that posed an opportunity for collaboration with Caltrans, and State and Local officials to improve safety along the state highway.

Those areas included a Safety Corridor Designation, considerations for a Re-Design of PCH, Permanent Increase to Enforcement, Initiation of Special Legislation, Investment in Speed and Traffic Data Collection Technology, a Re-prioritization of the 2015 PCH Safety Plan.

On November 13, 2023, the Malibu City Council declared a local state of emergency related to the increase in reckless and illegal driving on PCH. The status and use of Pacific Coast Highway (“PCH”) currently constitutes a condition, or threatened condition, of extreme peril to the safety of persons and property within the City of Malibu. PCH is the City’s main thoroughfare, and each day serves as a commuting route, a residential street, a business corridor, and for persons accessing beaches recreation amenities, a pathway used by pedestrians and cyclists. PCH is a California State Highway (State Route 1) that is managed and maintained by the California Department of Transportation (“Caltrans”) with a posted speed limit ranging between 40- 55 miles per hour in the City. Excessive speeding, reckless driving, unsafe U-turns, and distracted driving caused by cell phone use and other distractions have resulted in increased collisions with other motorists, cyclists, and pedestrians on PCH that have resulted in injury and death.

On December 18, 2023, California Secretary of Transportation Toks Omishakin joined Councilmember (then Mayor) Steve Uhring, and Mayor (then Mayor Pro Tem) Doug Stewart, City Manager Steve McClary and officials from Caltrans, California Highway Patrol (CHP) and the LA County Sheriff’s Department for a tour of Malibu’s 21 miles of PCH. Caltrans traffic safety engineers led them on a bus tour of a large section of PCH for a comprehensive assessment of safety conditions on the highway. The tour included a somber walk of the crash site where four Pepperdine students were killed by a speeding motorist while walking along PCH on October 17. The delegation also held a meeting at City Hall to share updates from their respective agencies and discuss ideas, opportunities, timelines, and challenges in the collective effort to make PCH safer. Secretary Omishakin announced that $4.25 million has been allocated under a Caltrans “Director's Order” for safety improvements on PCH that are expected to start in January and be complete in

Agenda Item # 5.A.

Summer 2024. CHP Commissioner Sean Duryee discussed the City’s long-term contract to bring CHP patrols and enforcement back to PCH in Malibu starting in January.

On January 22, 2024, the City Council reviewed several traffic calming measures proposed by Councilmember Silverstein in response to the declaration of emergency previously proclaimed. Council gave direction to City staff to review and provide an analysis of the measures at the next PCH Update.On March 12, 2024, the staff provided an analysis of proposed traffic measures aimed at enhancing safety on the PCH. The Council also received an update on potential infrastructure improvements that could proceed in collaboration with Caltrans. These discussions focused on identifying effective strategies to reduce accidents and improve overall road safety through legislative actions, educational campaigns, infrastructure improvements, and enforcement strategies.

The City remains committed to enhancing safety along PCH through a multi-faceted approach encompassing infrastructure improvements, enforcement efforts, public awareness campaigns, and collaborative partnerships.

ATTACHMENT: None.

Agenda Item # 5.A.

Supplemental
Council Agenda Report
To: Mayor Stewart and the Honorable Members of the City Council Prepared by: Alexis Brown, Deputy City Manager
Reviewed by: Joseph D. Toney, Assistant City Manager
Approved by: Steve McClary, City Manager
Date prepared: August 8, 2024 Meeting date: August 12, 2024 Subject: Malibu Pacific Coast Highway Safety Projects Report RECOMMENDED ACTION: 1) Receive a report on Pacific Coast Highway (PCH) Safety Projects and Special Initiatives; and 2) Provide direction to staff allocation of resources towards education and awareness campaign.

FISCAL IMPACT: Funding for these services was not included in the Adopted Budget for FY 2024-25.

STRATEGIC PRIORITY: This item was not included in the Adopted FY 2023-24 Strategic Priority Project List. At the Council’s direction, this project can be brought back at a future Strategic Planning meeting for prioritization.

DISCUSSION: The City of Malibu continues to take a multifaceted approach to enhancing safety on PCH. In collaboration with local and state partners, the initiatives undertaken by the City are categorized into legislative actions, education campaigns, infrastructure improvements, and enforcement strategies. Each category aims to enhance safety and promote a culture of shared responsibility among motorists, pedestrians, and cyclists who travel PCH in Malibu.

Malibu’s stretch of PCH is uniquely hazardous, with few sidewalks or separated bike lanes, limited parking, heavy visitor traffic, and homes and businesses just feet from passing traffic and few safe ways to cross. Those conditions have all been worsened by an epidemic of excessive speeding. As a result, over the past five years Malibu has had the highest number of fatalities and serious injuries resulting from vehicle crashes among similarly sized cities. On October 17, 2023, four Pepperdine University students standing City Council Meeting
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Item

5.A.

Agenda Item # 5.A.
on the side of the highway were tragically struck and killed by a speeding motorist allegedly going 104 MPH. Since 2010, 61 lives have been lost on PCH within Malibu city limits.

Our ongoing commitment to improving safety on PCH has led to the launch of the “Cruise Malibu – Surf, Sand, Slow” campaign, a strategy designed at reaching several key audiences including residents, young adults, tourists and commuters. This campaign focuses on promoting safe driving behaviors tailored to the specific needs and challenges faced by each group. This initiative is a critical component to the broader efforts to ensure the safety of everyone who uses PCH.

BACKGROUND
The Pacific Coast Highway (PCH) serves as the only critical transportation artery for our city, accommodating thousands of vehicles daily. However, its scenic beauty and popularity among tourists also pose significant challenges regarding safety and traffic management. Over the years, the City Council has prioritized initiatives aimed at enhancing safety along PCH to mitigate accidents and improve overall traffic flow.

On November 8, 2023, during the Special Meeting of the PCH Taskforce, the City identified several key initiatives and projects that posed an opportunity for collaboration with Caltrans, and State and Local officials to improve safety along the state highway.

Those areas included a Safety Corridor Designation, considerations for a Re-Design of PCH, Permanent Increase to Enforcement, Initiation of Special Legislation, Investment in Speed and Traffic Data Collection Technology, a Re-prioritization of the 2015 PCH Safety Plan.

On November 13, 2023, the Malibu City Council declared a local state of emergency related to the increase in reckless and illegal driving on PCH. The status and use of Pacific Coast Highway (“PCH”) currently constitutes a condition, or threatened condition, of extreme peril to the safety of persons and property within the City of Malibu. PCH is the City’s main thoroughfare, and each day serves as a commuting route, a residential street, a business corridor, and for persons accessing beaches recreation amenities, a pathway used by pedestrians and cyclists. PCH is a California State Highway (State Route 1) that is managed and maintained by the California Department of Transportation (“Caltrans”) with a posted speed limit ranging between 40- 55 miles per hour in the City. Excessive speeding, reckless driving, unsafe U-turns, and distracted driving caused by cell phone use and other distractions have resulted in increased collisions with other motorists, cyclists, and pedestrians on PCH that have resulted in injury and death.

On December 18, 2023, California Secretary of Transportation Toks Omishakin joined Mayor Steve Uhring, Mayor Pro Tem Doug Stewart, City Manager Steve McClary and officials from Caltrans, California Highway Patrol (CHP) and the LA County Sheriff’s Department for a tour of Malibu’s 21 miles of PCH. Caltrans traffic safety engineers led them on a bus tour of a large section of PCH for a comprehensive assessment of safety conditions on the highway. The tour included a somber walk of the crash site where four

Agenda Item # 5.A.

Pepperdine students were killed by a speeding motorist while walking along PCH on October 17. The delegation also held a meeting at City Hall to share updates from their respective agencies and discuss ideas, opportunities, timelines, and challenges in the collective effort to make PCH safer. Secretary Omishakin announced that $4.25 million has been allocated under a Caltrans “Director's Order” for safety improvements on PCH that are expected to start in January and be complete in Summer 2024. CHP Commissioner Sean Duryee discussed the City’s long-term contract to bring CHP patrols and enforcement back to PCH in Malibu starting in January.

On January 22, 2024, the City Council reviewed several traffic calming measures proposed by Councilmember Silverstein in response to the declaration of emergency previously proclaimed. Council gave direction to City staff to review and provide an analysis of the measures at the next PCH Update.

On March 12, 2024, the staff provided an analysis of proposed traffic measures aimed at enhancing safety on the PCH. The Council also received an update on potential infrastructure improvements that could proceed in collaboration with Caltrans. These discussions focused on identifying effective strategies to reduce accidents and improve overall road safety through legislative actions, educational campaigns, infrastructure improvements, and enforcement strategies.

The City remains committed to enhancing safety along PCH through a multi-faceted approach encompassing infrastructure improvements, enforcement efforts, public awareness campaigns, and collaborative partnerships.

ATTACHMENTS: None.

Agenda Item # 4.A.

Council Agenda Report
To: Mayor Stewart and the Honorable Members of the City Council Prepared by: Alexis Brown, Deputy City Manager
Reviewed by: Kelsey Pettijohn, City Clerk
Approved by: Steve McClary, City Manager
Date prepared: July 16, 2024 Meeting date: August 12, 2024 Subject: Reorganization of City Council Agenda Format for Regular City Council Meetings
RECOMMENDED ACTION: 1) Adopt Resolution No. 24-39 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, 2) After the City Attorney reads the title of the ordinance, introduce on first reading Ordinance No. 521 amending Malibu Municipal Code Section 2.08.010 and determining the start time of regular City Council meetings shall be set by resolution, and 3) Direct staff to schedule second reading and adoption of Ordinance No. 521 for the August 26, 2024, City Council Regular meeting.

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

STRATEGIC PRIORITY: This item supports the Malibu Culture priority identified in the Adopted FY 2023-24 Strategic Priority Project List.

DISCUSSION: The Policy Ad Hoc worked with City Staff to develop the recommendation for adjusting the organization of the Council Agenda.

The suggested agenda reorder is intended to better promote community engagement and improve culture. On September 27, 2023, the Malibu City Council adopted a new Strategic Work Plan identifying 20 items as “Priority Projects.” Under the core focus of Top Workplace Culture-Recruitment and Retention, the main project identified as Malibu Culture highlighted several key areas such as recruitment and retention, workplace morale and employee culture. Several initiatives to support the Malibu Culture Project City Council Meeting
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Agenda Item # 4.A.
were discussed: including consideration for the re-ordering of the City Council’s agenda format and establishing a new start time for regular meetings.

In the proposed changes, there is a recommended start time of 5:30 PM, a reprioritization of the consent agenda and council/committee/commission reports, and public comment for items not on the agenda to be heard at 6:30 PM or later. The new format is intended to prioritize city business, promote local public participation, and promote dialogue on actionable agenda items.

Additionally, the agenda re-order is an effective strategy to address potential staff burnout by promoting effective time management and a healthier balanced work environment. Achieving a healthy work-life balance is not only beneficial for our employees’ well-being, but also positively influences productivity, job satisfaction and overall organizational success. This furthers the city’s efforts for an effective recruitment and retention strategy, with an overall benefit and goal of providing quality service for the Malibu community.

The main changes are summarized as follows:
• Earlier Start Time - a 60-minute earlier start time to help the Council deliberate on actionable City business items at a reasonable hour as well as facilitate the administrative or ministerial items to be done earlier. • Consent Calendar – moved up earlier in the meeting to allow for both Council and Staff to complete these administrative items earlier and not be delayed by other actions. In addition, the suggested “Guide to the City Council Proceedings” section describes how the public can still comment on the whole of the Consent Calendar and then a Councilmember can pull an item. This is the standard practice that California cities follow.
• Presentations – hear presentation items immediately after the Consent Calendar to allow for those participants to have their items done first and not be delayed. • Written and Oral Communications – the order of the communications sections will be adjusted to the following order: Commission/Committee/City Manager Updates, Public Comment concerning matters not on the agenda (not before 6:30 PM), and City Council Subcommittee Reports/Mayor and Councilmember Reports.

If approved by Council, the agenda order change will be initiated in October. It is recommended for the Council to try the new order for a few months and see if it’s working and supported. The Council could then easily change it back, or try a different order, should it choose to do so at any given time.

ALTERNATIVES:
• Provide Direction to Staff and reprioritize proposed agenda format.

Agenda Item # 4.A.
• Take No Action and continue to conduct meetings as established by Resolution No. 99-007 and Resolution No. 98-083.

ATTACHMENTS:

1. Resolution No. 24-39

2. Ordinance No. 521

3. Mock Up on New Agenda Format
Attachment 1
RESOLUTION NO. 24-39

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MALIBU
SUPERSEDING AND REPLACING RESOLUTION NO. 99-007 AND SECTION 1(VI)(A) OF RESOLUTION NO. 98-083 AND ESTABLISHING THE START

TIME AND FORMAT FOR REGULAR CITY COUNCIL MEETINGS
The City Council of the City of Malibu does hereby find, order, and resolve as follows:

SECTION 1. This resolution supersedes and replaces Resolution No. 99-007 and Section (VI)(A) of Resolution 98-083.

The following format for regular City Council agendas is hereby adopted:

A. Format: The format of the City Council agendas shall be as follows unless otherwise re-ordered by Council at a specific meeting.

1. Call to Order

2. Roll Call

3. Pledge of Allegiance

4. Closed Session Report

5. Report on Posting of the Agenda

6. Approval of the Agenda

7. Consent Calendar

8. Presentation(s)

9. Commission/Committee/City Manager Updates

10. Written and Oral Communications from the Public

11. City Council Reports

12. Ordinances and Public Hearings

13. Old Business

14. New Business

15. Council Items

16. Adjournment
SECTION 2.

The start time for regular City Council meetings is governed by Malibu Municipal Code Section

2.08.010. This section allows the meeting time to be changed by resolution of the City Council. The regular meeting time of the City Council is hereby adopted as follows:

A. Regular meetings of the City Council shall be held on the second and fourth Mondays of each month at 5:30 p.m. Closed session may be held between 4:30 p.m. and 5:30 p.m. No closed session will be held during said hours unless the posted agenda of the regular meeting indicates that such sessions will take place; in the absence of such notification, the regular meeting shall commence at the hour of six p.m.

B. Prompt Call to Order at 5:30 p.m. and adjournment by 10:30 p.m.

Resolution No. 23-53

_____________________
a. The City Council shall start their regular meetings promptly at 5:30 p.m. The City Council shall not hear any new items of business after 10:30 p.m. unless two-thirds of City Councilmembers vote to do so.

SECTION 3. This resolution shall take effect October 1, 2024.

SECTION 4. 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 12th day of August 2024. _____________________________
DOUG STEWART, Mayor
ATTEST:
__________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO FORM:
__________________________________
TREVOR RUSIN, Interim City Attorney
Attachment 2
ORDINANCE NO. 521

AN ORDINANCE OF THE CITY OF MALIBU AMENDING MALIBU
MUNICIPAL CODE SECTION 2.08.010 AND DETERMINING THE START

TIME OF REGULAR CITY COUNCIL MEETINGS SHALL BE SET BY

RESOLUTION
The City Council of the City of Malibu does ordain as follows:

SECTION 1. Amendments
A. Section 2.08.010 of the Malibu Municipal Code is amended to read as follows:
“Regular meetings of the Malibu City Council shall be held on the second and fourth Mondays of each month, or, if any such day is on a holiday, then the meeting scheduled on such day shall be held in the council chambers on the next succeeding day which is not a holiday. The regular meeting times of the Malibu City Council shall be set by resolution of the City Council.”
SECTION 2. The City Clerk shall certify the adoption of this ordinance.

PASSED, APPROVED AND ADOPTED this 12th day of August 2024. ____________________________
DOUG STEWART, Mayor
ATTEST:
__________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
Date: _________________________
APPROVED AS TO FORM:
__________________________________
TREVOR RUSIN, Interim City Attorney
Attachment 3
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 to the inability of some members of the public to access the remote meeting.

Malibu City Council
Regular Meeting Agenda
Monday, Month XX, 2024
4:30 P.M. - CLOSED SESSION
City Hall – Council Chambers (call to order)
Westward Room (closed session)
23825 Stuart Ranch Road
5:30 P.M. – CITY COUNCIL REGULAR MEETING
City Hall – Council Chambers
23825 Stuart Ranch Road
Zoom Webinar Link:

Four-thirty p.m. Convene for Purpose of Closed Session
Call to Order – Mayor (Council Chambers)
Public Comment on Closed Session Items
City Council Regular Meeting Agenda Page - 2 - Month XX, 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 54956.9. Based on the advice of the City Attorney, discussion in open session concerning these matters would prejudice the position of the City in this litigation. 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.

Five-thirty p.m. Regular Session
Call to Order - Mayor
Roll Call - Recording Secretary
Pledge of Allegiance
Closed Session Report
Report on Posting of Agenda
Approval of Agenda

1. Consent Calendar
A. Previously Discussed Items
B. New Items

2. Ceremonial/Presentations

3. Written and Oral Communications
A. Commission / Committee / City Manager Updates
B. 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. (This item shall not be heard before 6:30 p.m.)
C. City Council Subcommittee reports / Mayor and Councilmember meeting attendance, reports and inquiries

4. Ordinances and Public Hearings

5. Old Business

6. New Business
City Council Regular Meeting Agenda Page - 3 - Month XX, 2023

7. Council Items
Adjournment
Future Meetings
Guide to the City Council Proceedings
The Oral Communication portions of the agenda are 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-person comments will be heard in section 4.A. and remote comments will be heard in section 9.A. 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.

Itemsin Consent Calendar Section A have already been considered by the Council at a previousmeeting 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 pulled from the Consent Calendar for individual consideration by Councilmember request.

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 will take up the removed itemsin sequential order. Public speakers may comment on Consent Calendar items before the Consent Calendar is taken up by the Council. Public comment 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 Regular Meeting Agenda Page - 4 - Month XX, 2023 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.

TheCity 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 Xth day of Month 2024 at 2:00 p.m.

Kelsey Pettijohn, City Clerk

Agenda Item # 6.A.

Council Agenda Report
To: Mayor Stewart and the Honorable Members of the City Council Prepared by: Chris Orosz, Recreation Supervisor
Reviewed by: Kristin Riesgo, Community Services Director Approved by: Steve McClary, City Manager
Date prepared: July 17, 2024 Meeting date: August 12, 2024 Subject: American Youth Soccer Organization Fee Waiver
RECOMMENDED ACTION: Consider whether to approve the request from American Youth Soccer Organization to waive the field use fees for the 2024-25 soccer season.

FISCAL IMPACT: Waiving the facility use fees will result in a loss of revenue of $14,000, for FY 2024-25 in Account Number 100-0000-3461-00 (Municipal Facility Use Fees).

Facility rentals generate revenue for the City, and waiving these associated fees limits potential revenue.

STRATEGIC PRIORITY: This item is part of the day-to-day operations identified in the Adopted FY 2023-24 Strategic Priority Project List. Staff continue to work on ongoing projects and normal business while the FY 2024-25 Strategic Priority Plan is finalized.

DISCUSSION: American Youth Soccer Organization (AYSO) is Malibu’s primary youth soccer sports league and has used field space at Malibu Bluffs Park before the City’s incorporation in 1991. AYSO is a local recreational parent-led volunteer organization that abides by AYSO National Board by-laws.

AYSO provides a youth soccer league that would otherwise be offered by the City and has had a Community Use Agreement since 2012. In 2023, AYSO coordinated a fall league for 279 players, of which 84% were Malibu residents. The League’s Area Director anticipates 300 players for the 2024 season. Teams will participate in weekly practices and bi-weekly games at Malibu Bluffs Park.

In July 2024, AYSO submitted a facility use application and fee waiver. Facility rental fees include,
City Council Meeting
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Item

6.A.

Agenda Item # 6.A.

Malibu Bluffs Park Non-Profit Rate
Pony Baseball Field $5,762.25
Major Baseball Field $1,716.00
Multipurpose Field $5,703.75
Total $13,182.00
Staff anticipates there will be fluctuations in the facility use schedule, therefore the fee waiver request was adjusted to not exceed $14,000.

ATTACHMENTS: Malibu AYSO Financial Statement
AYSO -Region 10E759
Statement of Activity
June 30. 2023 -June 30, 2024
TOTAL
Revenue
4005 Registration Fees
4006 Registration Fee Refunds
4020 Tournament/National Games/Player Camp Refunds
Services
Total Revenue
Expenditures
5101 Uniforms -Players -TAX PAID
5102 Uniforms -Coaches -TAX PAID
5111 Field expenses
5130 Equipment -TAX PAID
5150 Trainer Payments
5208 Tourn/National Games-Opening Ceremonies
5211 Tourn/National Games-Entertainment
5220 Tourn/Player-Incentives,Trophies,Awards
5 2 2 3 To u r n a m e n t - O t h e r
5224 Tournament -Water, Food
5235 Merchandise Expense
5255 Ads/Social Media/Newsletter/Yearbook/Pictures
5274 Volunteer Recognition
5275 Donation Expense
5703 PMts to AYSO-Registration Fees
5706 Volunteer Membership Program &Screening
7430 Conferences/Meetings
7535 Postage
Total Expenditures

N E T O P E R AT I N G R E V E N U E
Other Expenditures
*7000 Other expenses (deieted)
Total Other Expenditures

N E T O T H E R R E V E N U E

N E T R E V E N U E
56,389.23
-850.00
3,200.00
58,716.09
$117,455.32
25,886.10
321.75
402.30
4,786.55
54,248.50
1,376.62
950.00
3,916.63
1,990.00

50.00 3,974.94
1,804.21
2,951.03
6,315.90
6,488.00
1,838.50
248.47
540.00
$118,089.50
$-634.18
1,000.00
$1,000.00
$-1,000.00
$-1,634.18
Attachment 1
AYSO-Region 10E759
statement of Financial Position
As of June 30, 2024
TOTAL
ASSETS
Current Assets
B a n k A c c o u n t s
1000 Cash
1 2 5 0 B U S I N E S S S E L E C T C H K G
Total Bank Accounts
234.00
74,432.63
$74,666.63
$74,666.63
$74,666.63
Total Current Assets

T O TA L A S S E T S

LIABILITIES AND EQUITY
Liabilities
Total Liabilities
Equity
3100 DO NOT USE
32000 Retained Earnings
N e t R e v e n u e
Total Equity
TO TA L L I A B i L I T I E S A N D E Q U I T Y
37,322.74
38,978.07
-1,634.18
$74,666.63
$74,666.63
C a s h B a s L s W e d n e s d a v . J u i v 3 . 2 0 2 4 0 2 : 3 5 P M G M T - 0 7 : 0 0 1/1 Attachment 1

Agenda Item # 6.B.

Council Agenda Report
To: Mayor Stewart and the Honorable Members of the City Council Prepared by: Chris Orosz, Recreation Supervisor
Reviewed by: Kristin Riesgo, Community Services Director Approved by: Steve McClary, City Manager
Date prepared: July 17, 2024 Meeting date: August 12, 2024 Subject: Boys & Girls Club of Malibu Event Fee Waiver
RECOMMENDED ACTION: Consider whether to approve the request from the Malibu Foundation for Youth and Families, DBA Boys & Girls Club of Malibu (BGCM), to waive facility use fees and staffing costs associated with the Chili Cook-Off event.

FISCAL IMPACT: Waiving the facility use and staffing fees will result in a loss of revenue of $73,764 for FY 2024-25 in Account Numbers 100-0000-3461-00 (Municipal Facility Use Fees) and 103-0000-3505-00 (City Hall Use Fees). The Malibu Municipal Code allows for up to six Temporary Use Permits (TUP) per parcel per calendar year. TUP events generate revenue for the City, and waiving these associated fees limits potential revenue.

STRATEGIC PRIORITY: This item is part of the day-to-day operations identified in the Adopted FY 2023-24 Strategic Priority Project List. Staff continue to work on ongoing projects and normal business while the FY 2024-25 Strategic Priority Plan is finalized.

DISCUSSION: In 2018, the Malibu Foundation for Youth & Families (BGCM) began coordinating the annual Chili Cook-Off at the Ioki Property. The event is a fundraiser to support safe spaces at all four Malibu public schools after school hours for youth attending Transitional Kindergarten to grade 12, as well as the delivery of social-emotional learning education, mental health and counseling services, and social services for Malibu youth, families and the aging community.

On April 16, 2024, BGCM submitted a Temporary Use Permit (TUP) application for the 2024 Chili Cook-Off. This would be the first TUP issued for the Ioki property this year. The City Council Meeting
08-12-24
Item

6.B.