Agenda packet, third session — Malibu City Council, March 9, 2026 (part 1 of 3)

PLEASE DOWNLOAD THE AGENDA DOCUMENT FOR

INSTRUCTIONS ON HOW TO PARTICIPATE IN THE MEETING
Amended Agenda
CC_260309_AMENDED AGENDA.PDF
Item 1B2
Approve Warrants
CC_260309_ITEM 1B2.PDF
Item 1B3
Approval of Minutes
CC_260309_ITEM 1B3.PDF
Item 1B4
Amendment No. 3 to Professional Services Agreement with Hinderliter de Llamas and Associates (HdL) for Sales Tax Management and Monitoring CC_260309_ITEM 1B4.PDF
Item 1B5
Investment Report for the Month Ending January 31, 2026 CC_260309_ITEM 1B5.PDF
Item 1B6
Amendment to Agreement with Burns-Pacific Construction, Inc.

CC_260309_ITEM 1B6.PDF

1. Documents:

2. Documents:

3. Documents:

4. Documents:

5. Documents:

6. Documents:

Amendment to Agreement with Burns-Pacific Construction, Inc.

CC_260309_ITEM 1B6.PDF
Item 1B7
Resolution Extending the Declaration of the Existence of a Local Emergency Regarding Conditions on Pacific Coast Highway (PCH)
CC_260309_ITEM 1B7.PDF
Item 1B8
Resolution Extending the Declaration of the Existence of a Local Emergency Regarding the Franklin Fire
CC_260309_ITEM 1B8.PDF
Item 1B9
Resolution Extending the Declaration of the Existence of a Local Emergency Regarding the Palisades Fire
CC_260309_ITEM 1B9.PDF
Item 1B10
Senate Bill (SB) 1352 Property taxation: newly constructed: reconstructed property -

SUPPORT
CC_260309_ITEM 1B10.PDF
Item 5A
Second Reading and Adoption of Floodplain Management Ordinance and Adoption of Urgency Ordinance
CC_260309_ITEM 5A_SUPPLEMENTAL.PDF
CC_260309_ITEM 5A.PDF
Item 7A
After-Action Review of the City’s Response to the Franklin and Palisades Fires Documents:

7. Documents:

8. Documents:

9. Documents:

10. Documents:

11. Documents:

12. CC_260309_ITEM 5A.PDF
Item 7A
After-Action Review of the City’s Response to the Franklin and Palisades Fires CC_260309_ITEM 7A.PDF
Item 7B
Malibu Bluffs Park Snack Shack and Park Enhancement Project CC_260309_ITEM 7B.PDF

12. Documents:

13. Documents:

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

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

HOW TO PARTICIPATE IN-PERSON DURING THE MEETING: In order to participate inperson, 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. Meeting room doors will open 30 minutes before the meeting.

HOW TO PARTICIPATE REMOTELY DURING THE MEETING: The City has been experiencing extreme technical issues with its broadcast and zoom capabilities. It is strongly recommended that those who wish to participate do so in person as zoom participation is not guaranteed. While the City intends to allow zoom participation if possible, the meeting will not be cancelled or continued if technical difficulties impact the ability to accept public participation over Zoom. In such case only in-person participation will be allowed. 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.

Amended1 Malibu City Council
Regular Meeting Agenda
Monday, March 9, 2026
4:45 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:
https://us02web.zoom.us/j/87985644870
Four-forty-five p.m. Convene for Purpose of Closed Session Call to Order – Mayor (Council Chambers)
Public Comment on Closed Session Items
1 See the addition of Consent Calendar Item No. 1.B.10.

AMENDED City Council Regular Meeting Agenda Page - 2 - March 9, 2026 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.

Conference with Legal Counsel – Anticipated Litigation

1. Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Government Code section 54956.9
Number of potential cases: (2)
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 – February 27, 2026; Amended Agenda Posted March 6, 2026 Approval of Agenda

1. Consent Calendar
Items in Consent Calendar Section A have already been considered by the Council at a previous meeting where the public was invited to comment, after which a decision was made. 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. Members of the public may comment on the consent calendar as a whole. After public comment, the Council may remove items from the Consent Calendar for individual consideration before adopting the Consent Calendar.

A. Previously Discussed Items
None.

B. New Items

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

Staff Contact: Interim City Attorney Rusin, 456-2489, ext. 228 AMENDED City Council Regular Meeting Agenda Page - 3 - March 9, 2026

2. Approve Warrants
Recommended Action: Allow and approve warrant demand numbers 78191-78262 on the register from the General Fund and direct the City Manager to pay out the funds to each of the claimants listed in Warrant Register No. 785 in the amount of the warrant appearing opposite their names, for the purposes stated on the respective demands in a total amount of $3,550,378.53. City of Malibu payroll check number 5562-5564 and ACH deposits were issued in the amount of $571,506.87.

Staff Contact: Assistant City Manager Smith, 456-2489, ext. 239

3. Approval of Minutes
Recommended Action: Approve the minutes for the July 22, 2025 Special Meeting, July 30, 2025 Special Meeting, and August 5, 2025 Special Meeting.

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

4. Amendment No. 3 to Professional Services Agreement with Hinderliter de Llamas and Associates (HdL) for Sales Tax Management and Monitoring Recommended Action: Authorize the Mayor to execute Amendment No. 3 to Professional Services Agreement with Hinderliter de Llamas and Associates (HdL) for sales tax management and monitoring.

Staff Contact: Assistant City Manager Smith, 456-2489, ext. 239

5. Investment Report for the Month Ending January 31, 2026 Recommended Action: Receive the Investment Report for the month ending January 31, 2026.

Staff Contact: Assistant City Manager Smith, 456-2489, ext. 239

6. Amendment to Agreement with Burns-Pacific Construction, Inc.

Recommended Action: Authorize the Mayor to execute Amendment No. 1 to Agreement with Burns-Pacific Construction, Inc. to adjust the contract’s labor, equipment and rental rates.

Staff Contact: Interim Public Works Director Holden, 456-2489, ext. 338

7. Resolution Extending the Declaration of the Existence of a Local Emergency Regarding Conditions on Pacific Coast Highway (PCH)
Recommended Action: Adopt Resolution No. 26-11 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.

Staff Contact: City Clerk Pettijohn, 456-2489, ext. 228 AMENDED City Council Regular Meeting Agenda Page - 4 - March 9, 2026

8. Resolution Extending the Declaration of the Existence of a Local Emergency Regarding the Franklin Fire
Recommended Action: Adopt Resolution No. 26-12, extending the declaration of the existence of a local emergency in response to the Franklin Fire.

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

9. Resolution Extending the Declaration of the Existence of a Local Emergency Regarding the Palisades Fire
Recommended Action: Adopt Resolution No. 26-13, extending the declaration of the existence of a local emergency in response to the Palisades Fire.

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

10. Senate Bill (SB) 1352 Property taxation: newly constructed: reconstructed property –

SUPPORT
Recommended Action: Authorize the Mayor to send a letter of support for Senate Bill 1352 (Valladares), which would clarify that post-disaster rebuilding up to 110% of a home’s original size will not trigger a property tax reassessment, allowing homeowners to restore damaged structures without higher taxes.

Staff Contact: Assistant to the City Manager Kajszo, 456-2489, ext. 224

2. Ceremonial/Presentations
A. Big Rock Landslide Facts

3. Commission / Committee / City Manager Updates

4. Written and Oral Communications from the Public (Subsequent items to be heard after 6:30 p.m.) The Oral Communication portion of the agenda is for members of the public to present items, which are not listed on the agenda but are under the subject matter jurisdiction of the City Council. No action may be taken under, except to direct staff, unless the Council, by a two-thirds vote, determines that there is a need to take immediate action and that need came to the attention of the City after the posting of the agenda. Although no action may be taken, the Council and staff will follow up, at an appropriate time, on those items needing response.

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

B. City Council Subcommittee reports / Mayor and Councilmember meeting attendance, reports and inquiries
AMENDED City Council Regular Meeting Agenda Page - 5 - March 9, 2026

5. Ordinances and Public Hearings
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.

A. Second Reading and Adoption of Floodplain Management Ordinance and Adoption of Urgency Ordinance
Recommended Action: 1) Conduct the second reading, unless waived, and adopt Ordinance No. 533 amending Malibu Municipal Code Chapter 15.20 to make technical amendments to the Floodplain Management Ordinance and finding the same exempt from the California Environmental Quality Act ; 2) After the City Attorney reads the title of the ordinance, adopt Urgency Ordinance No. 533U amending Malibu Municipal Code Chapter 15.20 to make technical amendments to the Floodplain Management Ordinance, declaring the urgency thereof, and finding the same exempt from the California Environmental Quality Act.

Staff Contact: Interim Public Works Director Holden, 456-2489, ext. 338

6. Old Business
Old Business items have appeared on previous agendas with no final action having been taken.

None.

7. New Business
New Business items are appearing for the first time for formal action.

A. After-Action Review of the City’s Response to the Franklin and Palisades Fires Recommended Action: Receive and file a report on the After-Action Review of the City’s Response to the Franklin and Palisades Fires.

Staff Contact: Public Safety Director Dueñas, 456-2489, ext. 313 B. Malibu Bluffs Park Snack Shack and Park Enhancement Project Recommended Action: 1) At the recommendation of the City Council Public Parks and Property Ad Hoc Committee and the Parks and Recreation Commission, review and approve the Malibu Bluffs Park Snack Shack and Park Enhancement Project (Project) final preliminary design; and 2) Determine potential funding sources for construction of the Project.

Staff Contact: Community Services Director Riesgo, 456-2489, ext. 350

8. Council Items
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.

None.

Adjournment
AMENDED City Council Regular Meeting Agenda Page - 6 - March 9, 2026 Future Regular Meetings
Monday, March 23, 2026 5:30 p.m. Regular City Council Meeting City Hall Council Chambers Monday, April 13, 2026 5:30 p.m. Regular City Council Meeting City Hall Council Chambers Monday, April 27, 2026 5:30 p.m. Regular City Council Meeting City Hall Council Chambers Guide to the City Council Proceedings and Decorum
Public Communications: Each speaker is limited to three (3) minutes. Members of the public may speak during the meeting in-person or through the Zoom application, although it is strongly recommended that those who wish to participate do so in person. While the City intends to allow zoom participation, the meeting will not be cancelled or continued if technical difficulties impact the ability to accept public comment over Zoom. 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 in-person 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.

On specific agenda items Councilmembers may question any person addressing the City Council at the conclusion of all public testimony on that agenda item before the Council. Councilmembers shall not engage any member of the public in a dialogue with themselves other Councilmembers, city staff or other members of the public.

Role of the Presiding Officer: The presiding officer of the City Council, who shall be the Mayor, shall be responsible for maintaining the order and decorum of meetings. It shall be the duty of the presiding officer to ensure that these rules of procedure and decorum are followed at all times. The presiding officer shall maintain control of communication between Councilmembers, between the Council and the public, and chair each meeting in a fair and impartial manner. It shall be the duty of each Councilmember to support the presiding officer in maintaining the order and decorum of Council meetings.

Members of the Audience: Members of the audience shall not engage in disorderly or boisterous conduct, including clapping, whistling, stamping of feet, or other acts which disturb, disrupt, impede or otherwise disturb the orderly conduct of the City Council meeting. Persons addressing the City Council shall not engage in disorderly conduct which disrupts, or otherwise impedes the orderly conduct or Council meetings. Any person who so disrupts a Council meeting may, at the discretion of the presiding officer or a majority of the City Council, be subject to ejection from that meeting.

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

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

TheCity Hall phone numberis(310) 456-2489. To contact City Hall using a telecommunication device forthe 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].

AMENDED City Council Regular Meeting Agenda Page - 7 - March 9, 2026 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 6th day of March 2026 at 4:30 p.m.

Kelsey Pettijohn, City Clerk
WARRANT REGISTER NO. 785
On March 9, 2026, the Malibu City Council allowed and approved warrant demand numbers 78191-78262 from the General Fund. The City Manager is hereby directed to pay out the funds named hereon to each of the claimants listed, the amount appearing opposite their name for the purpose stated on the respective demands, making a total of $3,550,378.53. City of Malibu payroll check numbers 5562-5564 and ACH deposits were issued in the amount of $571,506.87.

PASSED, APPROVED and ADOPTED this 9th day of March 2026. ____________________________________________
Bruce Silverstein
Mayor
ATTEST:
____________________________________________
Kelsey Pettijohn
City Clerk

CERTIFICATE
In accordance with Government Code Sections 37202 and Malibu Municipal Code 3.08.050, I hereby certify that: (1) the claims or demands set forth in the warrant register(s) listed below and attached hereto and incorporated herein by this reference in the aggregate amount of $4,121,885.40 have been audited as to their accuracy; and (2) sufficient funds have been appropriated by the City Council and are available for the payment thereof.

EXECUTED this 26th day of February 2026, AT MALIBU, CALIFORNIA ______________________________________________
Robert DuBoux
Interim City Manager
City Council Meeting
3-9-26
Item

1.B.2.

Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Accounts Payable
Checks by Date
- Summary by Check Number
AP Checks by Date
- Summary by Check Number (2/25/2026 8:22 AM) Page
1 User: craspe
Printed: 2/25/2026 8:22 AM
Check No Vendor No Vendor Name
” Check Date Void Checks Check Amount
78191 30360PUB 30 THREE SIXTY PUBLIC FINANCE INI 02/12/2026 0.00 10,724.50 78192 4IMPRINT 4IMPRINT INC 02/12/2026 0.00 1,461.15
78193 4LEAF 4LEAF INC 02/12/2026 0.00 36,987.50
78194 BLONDEDL BLONDED LP 02/12/2026 0.00 575.00
78195 BURNS BURNS PACIFIC CONSTRUCTION INC 02/12/2026 0.00 185,342.84 78196 CABUILDI CA BUILDING STANDARDS COMMISS 02/12/2026 0.00 3,708.90 78197 CANTKEI KEITH CANTER 02/12/2026 0.00 396.00
78198 CASSWCOIN CASSWELL CONSULTING INC 02/12/2026 0.00 13,266.00 78199 CIVICSO CIVIC SOLUTIONS INC 02/12/2026 0.00 18,070.00 78200 CMS RICHARD COMI 02/12/2026 0.00 600.00
78201 COOKALI ALLISON COOK 02/12/2026 0.00 10,642.50
78202 CRPRINT EARTH PRINT INC 02/12/2026 0.00 1,046.81
78203 CSLEGACY CS LEGACY CONSTRUCTION INC 02/12/2026 0.00 72,487.22 78204 DAPEERR DAPEER ROSENBLIT
& LITVAK LLP 02/ 12/2026 0.00 3,810.40
78205 DIAMONDC DIAMOND CONSTRUCTION INC 02/12/2026 0.00 45 1 ,926.73 78206 DOCUSIGN DOCUSIGN INC 02/12/2026 0.00 28,987.20 78207 FILIPPIN FILIPPIN ENGINEERING INC 02/12/2026 0.00 38,585.00 78208 GLADWEL GLADWELL GOVERNMENTAL SERVK 02/12/2026 0.00 450.00 78209 GUTSTE STEVEN GUTIERREZ 02/12/2026 0.00 900.00
78210 IRIS LORRIE FEINBERG 02/12/2026 0.00 7,256.25
78211 KIMLEY KIMLEY-HORN AND ASSOC INC 02/12/2026 0.00 35,174.81 78212 LACOREG LA CO REGISTRAR RECCORDER/CITY 02/12/2026 0.00 71.00 78213 Lance LSL LLP 02/12/2026 0.00 33,510.00
78214 LARICS COUNTY OF LOS ANGELES LA-RICS 02/12/2026 0.00 600.00 78215 MALNOE NOELANI MALLEY 02/12/2026 0.00 50.00
78216 MNS MNS ENGINEERS INC 02/12/2026 0.00 8,345.00
78217 PARSARS PUBLIC AGENCY RETIREMENT SVCS 02/12/2026 0.00 626.31 . 78218 PEGASUSS PEGASUS STUDIOS 02/12/2026 0.00 7,710.00 78219 PETKEN KENNETH
E PETERSON 02/12/2026 0.00 11,269.37
78220 SEKMAR MARINA SEK 02/12/2026 0.00 9,028.00
78221 SOLIDWA SOLID WASTE SOLUTIONS INC 02/12/2026 0.00 23,786.79 78222 STA&WIT STACY AND WITBECK INC 02/12/2026 0.00 40,472.95 78223 ULTMAINT ULTIMATE MAINTENANCE SERVICES 02/12/2026 0.00 1,900.00 78224 VIALYTIC VIALYTICS AMERICAS INC 02/12/2026 0.00 8,582.80 78225 VIDO ,VIDO ARTUKOVICH
& SON INCNIDM 02/12/2026 0.00 190,950.00
78226 YEHASSOC YEH AND ASSOCIATES INC 02/12/2026 0.00 570.00 78227 USBANK2 US BANK 02/17/2026 0.00 1,076.31
78228 ACCOUNTE OFFICE TEAM
A ROBERT HALF COMP. 02/1 9/2026 0.00 2,083.83
78229 ADVANTAN MAP COMMUNICATIONS INC 02/19/2026 0.00 292.03 78230 ARC ARC DOCUMENT SOLUTIONS LLC 02/19/2026 0.00 2.39 78231 AT&TMOBI AT&T MOBILITY 02/19/2026 0.00 422.48
78232 BURNS BURNS PACIFIC CONSTRUCTION INC 02/19/2026 0.00 315,290.15 78233 CAHIGH DEPT OF THE CA HIGHWAY PATROL 02/19/2026 0.00 194,838.40 78234 CALPERS CA EMPLOYEES RETIREMENT SYSTE: 02/19/2026 0.00 479,638.00 78235 CJBIOMON COURTNEY JEAN MCCAMMON 02/19/2026 0.00 20,923.00 78236 CRASSOC CHEN RYAN ASSOCIATES INC 02/19/2026 0.00 5,3 1 9.50
78237 CRPRINT EARTH PRINT INC 02/19/2026 0.00 557.54
Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 AP Checks by Date - Summary by Check Number (2/25/2026 8:22 AM) Check No Vendor No Vendor Name Check Date Void Checks Check Amount 78238 FRONTIER FRONTIER CALIFORNIA INC » 02/19/2026 0.00 2,458.81 78239 GOVERNF GOVERNMENTAL FINANCIAL SERVIC 02/19/2026 0.00 13,497.50 78240 GUTSTE STEVEN GUTIERREZ 02/19/2026 0.00 350.00
78241 HUBLEY ROGUE SERVICES AND SOLUTIONS 02/19/2026 0.00 19,884.00 78242 KIMLEY KIMLEY-HORN AND ASSOC INC 02/19/2026 0.00 6,303.94 78243 LACOSHE LA CO SHERIFF'S DEPARTMENT 02/19/2026 0.00 985,965.98 78244 LAEPFBRI LA EMERGENCY PREP FOUNDATION - 02/1 9/2026 0.00 100,000.00 78245 LAZPARKI LAZ KARP ASSOCIATES LLC 02/19/2026 0.00 44,420.20 78246 MALAUTO MALIBU AUTO CARE SPECIALIST 02/19/2026 0.00 1,133.92 78247 MALIBURI MALIBU RIVIERA ESTATES HOA 02/19/2026 0.00 42.12 78248 MMASC MMASC 02/19/2026 0.00 125.00 78249 MNS MNS ENGINEERS INC 02/19/2026 0.00 5,672.63 78250 NIGHT&WE NIGHTS & WEEKENDS 02/19/2026 0.00 437.00 78251 QUINTO QUINTO CONSULTING LP 02/19/2026 0.00 4,550.00 78252 REMOTESA REMOTE SATELLITE SYSTEMS INT‘L 02/19/2026 0.00 268.00 78253 RPBARRI R P BARRICADE INC 02/19/2026 0.00 2,273.45 78254 SDIPRES SDI PRESENCE LLC 02/1 9/2026 0.00 4,810.00 78255 SPECTRUM CHARTER COMMUNICATIONS HOLDI 02/19/2026 0.00 4,996.99 78256 STRICKBI STRICKBINE PUBLISHING INC 02/19/2026 0.00 1,200.00 78257 TRENCH TOM MALLOY CORPORATION 02/19/2026 0.00 1,848.00 78258 VIAWEST FLEXENTIAL COLORADO CORP 02/19/2026 0.00 3,701.65 78259 WOODCUR] WOODARD & CURRAN INC 02/19/2026 0.00 11,583.00 78260 XEROXFIN XEROX CORPORATION 02/19/2026 0.00 148.41 78261 YEHASSOC YEH AND ASSOCIATES INC 02/19/2026 0.00 24,61 1.95 78262 USBANK US BANK 02/19/2026 ‘ 0.00 59,781.32 Report Total (72 checks): 3,550,378.53
Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount ‘ PO No 100-3001-6160-00 BURNS PACIFIC CONSTRUCTIO] Supplies -' Jan '26 02/19/2026 78232 6,408,46 000004401 Vendor Subtotal: 6)408.46
100-3001-6160-00 R P BARRICADE INC PW — Supplies 02/ 1 9/2026 78253 363‘75 100-3001-6 160-00 I R P BARRICADE INC PW - Signs 02/19/2026 78253 1,786.36 100-3001-6160-00 R P BARRICADE INC PW - Signs 02/1 9/2026 78253 123034 Vendor Subtotal: 2,273.45
100-3007-5721-00 FRONTIER CALIFORNIA INC Civic Center S’I‘F - Feb ‘26 02/19/2026 > 78238 v -125,04 Vendor Subtotal: - 125.04
100-3008-5100-00 MNS ENGINEERS INC FEMA/Floodplain Ordinance - Jan '26 02/1 9/2026 78249 3,577.88 000004331 100-3008-5100-00 ' MNS ENGINEERS INC Task l: Malibu Creek Ecological Resti 02/19/2026 78249 2,094.75 000004331 Vendor Subtotal: 5,672.63
100-3008-5 125-00 KIMLEY-HORN AND ASSOC INC Traffic Engr - SB 99/Safety Element - 02/1 9/2026 78242 3,570.57 000004367 Vendor Subtotal: 3,570.57
100-4001-6160-00 US BANK CS-4743 Amazon — BluEs Supplies 02/1 9/2026 78262 18.72 Vendor Subtotal: 18.72
100-4002—5300-00 US BANK CS-4743 Red Cross - Lifeguard Certs u 02/1 9/2026 78262 144.00 Vendor Subtotal: 144.00
100-4002-6160-00 US BANK CS-4743 Amazon — Supplies 02/19/2026 78262 45.98 Vendor Subtotal: 45.98
100-4003-5721-00 US BANK CS-l673 Satellite Phone Store - Charn 02/1 9/2026 78262 72.79 AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 2 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Deat Check No Amount PO No 100-4006-6160-00
100-4007-6 160-00
100-4008-6 160-00
100-4008-6 1 60-00
100-401-5721-00 0
100-4010-6160-00
100-401 1-6160-00
100-401 1-6160-00
100-40 1 2-6 160-00
100-40 12-6 160-00
100-7001-5300-00
Vendor Subtotal: 72,79

US BANK
CS-4743 NCSI - Background Checks 02/19/2026
Vendor Subtotal:
’ US BANK 78262 55.50

55.50 CS-4743 NCSI - Background Checks 02/19/202 6
Vendor Subtotal:
78262 37,00

37.00 US BANK

US BANK
CS-4743 NCSI/Ralphs - Supplies 02/19/2026
CS-1563 Fabulous Events/Amazon - S 02/1 9/2026

37.09 798151
78262
78262

FRONTIER CALIFORNIA INC
Vendor Subtotal:

Las Flores, Blu£fs, Trancas - Feb '26 02/19/2026
835.60
78238 -20.86
Vendor Subtotal:

US BANK
-20.86
CS-2169 Amazon - Blud‘s Park Restro 02/1 9/2026 78262 99.21 Vendor Subtotal:

US BANK

US BANK
02/1 9/2026
02/1 9/2026
CS-1654 Amazon - Art Exhibit Suppli
CS-4743 LA County Fire Permit - Cht
Vendor Subtotal:

99.21 78262
78262
4309
398.66
441 ,75
CS-4743 Ralphs - Caffeinated Verse S‘ 02/19/2026
CS-1673 Palomar Glass Engraving - L 02/1 9/2026
78262
78262
5295
364100
Vendor Subtotal:
02/ 1 9/2026
416.95
CM-3100 City Leaders - M. Riggins/E 78262 50.00
Vendor Subtotal: 50.00
AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 3 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount PO No 100-700 1-5930-03 LA EMERGENCY PREP FOUNDA’ FY 25/26 General Fund Grant 02/19/2026 78244 100,000.00 000004675 Vendor Subtotal: 100,000.00
100-700 1-6 1 60-00 ARC DOCUMENT SOLUTIONS L] Late Fee - Jan '26 02/1 9/2026 78230 2.39 Vendor Subtotal: 2.39
100-7002-5 1 00-00 MAP COMMUNICATIONS INC Live Telephone Answering Svcs - Feb 02/19/2026 78229 292.03 000004376 Vendor Subtotal: 292.03
100-7002-5 100-00 PEGASUS STUDIOS Video Broadcast Svcs - Jan '26 02/12/2026 78218 7,710.00 000004427 Vendor Subtotal: 7,710.00
100-7002-5 1 07-00 OFFICE TEAM A ROBERT HALF ( Temp StaE - K. Franklin 1/30/26 02/1 9/2026 78228 2,083.83 Vendor Subtotal: 2,083.83
100-7002-540 1-00 US BANK CM-1480 Facebook - City Event Ads 02/1 9/2026 78262 249.85 Vendor Subtotal: 249,85
100-7002-5405-00 US BANK CM-3 100 CR Print - Palisades Remerr 02/19/2026 78262 167.92 Vendor Subtotal: 167.92
100-7002-5640-00 US BANK CM-1480 Listentech - AV Equipment 02/19/2026 78262 121.77 100-7002-5640-00 ' US BANK CM-1480 Pureland - AV Equipment 02/19/2026 78262 741.80 Vendor Subtotal: 863.57
100-7002-6160-00 4IMPRINT INC Malibu Forward Promo Items 02/12/2026 78 1 92 1,461.15 000004664 Vendor Subtotal: 1,46 1 . 15
100-7002-6160-00 US BANK CM-3100 Palisades Remembrance Su} 02/1 9/2026 78262 1, 1 32.02 AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 4 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check NO Amount PO No 100-7002-6‘1 60-00 US BANK CM-1480 Palisades Anniversary Supp: 02/19/2026 78262 367.26 Vendor Subtotal: 1,49928
100-7003-5300-00 US BANK CM-1522 CCCA - '26 Legislative Tow 02/1 9/2026 78262 406.49 Vendor Subtotal: 406.49
100-7003-5330-00 MMASC Membership G. Kajszo - Through 2/7/ 02/19/2026 78248 125.00 Vendor Subtotal: 125.00
100-7003-6 160-00 US BANK CM-3100 Event Supplies 02/19/2026 78262 2,1 15.06 Vendor Subtotal: 2,1 15.06
100-7005-5 1 03-00 DAPEER ROSENBLIT & LITVAK City Prosecutor Svc - Dee '25 02/12/2026 78204 3,810.40 000002553 Vendor Subtotal: 3,8 10.40
100-7007—5 100-00 DOCUSIGN INC Docusign Subscription 1/25/26 - 1/24/1 02/12/2026 78206 28,987.20 000004674 Vendor Subtotal: 28,987.20
100-7007—5 1 00-00 GLADWELL GOVERNMENTAL S FY 25/26 Retention Schedule Review 02/12/2026 78208 450,00 Vendor Subtotal: 450.00
100-7007-5 l 00-00 LA CO REGISTRAR RECCORDER Recorded Doc Fees - Nov '25 02/12/2026 782 12 71 .00 Vendor Subtotal: 71 .00
100-7007-5 150-00 US BANK CC-2343 BBK - '26 Election Law Too 02/19/2026 78262 - 55 1 .25 Vendor Subtotal: 55 l .25
100-7007-5300—00 US BANK CC—1018 CMCA- Conf/Lodging C. 1V. 02/1 9/2026 78262 1,095.03 100-7007-5300-00 US BANK CC-2343 CMCA/BBK - Conf/Webina 02/1 9/2026 78262 1,170.03 AP—Transactions by Account (02/25/2026 - 8:25 AM) Page 5 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount PO No 100-7007—5300-00 US BANK CC-0994 CMCA - Conf/Lodging Jo La 02/19/2026 78262 1,095.03 Vendor Subtotal: 3,360.09
100-7007—5330-00 US BANK CC-0994 CMCA - Membership J. La“ 02/ 1 9/2026 78262 300.00 100-7007-5330-00 US BANK CC-2343 IIMC Membership - K. Petti_ 02/1 9/2026 78262 195.00 v Vendor Subtotal: 495,00
100-7021-5 100-00 STEVEN GUTIERREZ Parking Enforcement Hearings - Jan '2 02/12/2026 78209 ' 900100 000004374 100-7021-5100-00 STEVEN GUTIERREZ Parking Enforcement Hearings - Feb '2 02/1 9/2026 78240 350.00 000004374 Vendor Subtotal: 1,250.00
100-7021-5100-00 COUNTY OF LOS ANGELES LA-R LARICS Radios - Jan '26 02/12/2026 782 14 600.00 000004646 Vendor Subtotal: 600.00
100-7021-5 100-01 DEPT OF THE CA HIGHWAY PAT] Traffic Enforcement - Dec '25 02/ 1 9/2026 78233 101,841.91 000004220 100-7021-5100-01 DEPT OF THE CA HIGHWAY PAT] Traffic Enforcement - Jan '26 02/1 9/2026 78233 92,996.49 000004220 Vendor Subtotal: 194,83 8.40
100-7021-5 115—00 LA CO SHERIFF'S DEPARTMENT Sheriffs Svcs - Lost Hills - Jan '26 02/1 9/2026 78243 909,182126 000004586 100-7021-5115-00 LA CO SHERIFF‘S DEPARTMENT SheriH‘s Svcs -TraEic Enforcement 11 02/ 1 9/2026 78243 24,741 .05 000004586 100-702 1 -5 1 1 5-00 LA CO SHERIFF'S DEPARTMENT Sheriffs Svcs - Liaison 11/4 - 11/25/25 02/1 9/2026 78243 27,347.72 000004586 Vendor Subtotal: 961,271.03
100-702 1-5 l 22—00 LAZ KARP ASSOCIATES LLC Parking Enforcement - Jan '26 02/1 9/2026 78245 44,420120 000004318 Vendor Subtotal: l 44,420.20
100-7021-5721-00 AT&T MOBILITY Phone Lines - EOC/PS 1/2 - 2/1/26 02/19/2026 78231 422.48 Vendor Subtotal: 422.48
100-7021-5721-00 FRONTIER CALIFORNIA INC Disaster, Tier, E911 - Feb ‘26 02/1 9/2026 7823 8 3 83.91 AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 6 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount PO No Vendor Subtotal: 3 83. 91
100-702 1-572 1-00 REMOTE SATELLITE SYSTEMS I Satellite Phones - Mal '26 02/1 9/2026 78252 268.00 Vendor Subtotal: 268.00
100-7021-5721-00 US BANK IS-6901 Starlink CH/SPNOP 02/1 9/2026 78262 1,148.84 Vendor Subtotal: 1,148.84
100-702 1-6 120-00 t US BANK PS-3241 Veribook/ChatGPT -‘ Monthl) 02/1 9/2026 78262 45.09 Vendor Subtotal: 45109
100-7021—6160-00 US BANK PS-3241 Supplies 02/1 9/2026 78262 1,087.5 8 100-702 1-6 1 60-00 US BANK IS-6901 Direct TV - EOC/PS 02/1 9/2026 78262 235.98 100-7021-6160-00 US BANK PS-2785 Refund - Lion Fire Extinguisl 02/19/2026 78262 -796.52 Vendor Subtotal: 527.04
100-7054-5100-00 GOVERNMENTAL FINANCIAL S] CPA Svcs - FY 24/25 YE, FY 25/26 In 02/19/2026 78239 13,497.50 000004320 Vendor Subtotal: 13,497.50
100-7054-5 1 00-00 LORRIE FEINBERG DB Updates - Finance - Jan '26 02/12/2026 782 10 101 .25 000004147 Vendor Subtotal: 101.25
100-7054-5 100-00 LSL LLP FY 24-2025 - Annual Audit - Final Bil 02/12/2026 78213 3,510.00 000004285 Vendor Subtotal: 3,510.00
100-7054-5 l 00-01 QUINTO CONSULTING LP City Treasurer Svcs/Budgeting Dev - I 02/1 9/2026 I 7825 1 4,550.00 000003670
Vendor Subtotal: 4,550.00
100-7054-5 1 17-00 SOLID WASTE SOLUTIONS INC Film Permits - Ja‘n '26 .02/12/2026 78221 23,786.79 000004067 AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 7 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date PO No
100-7054-6160-00 US BANK
Vendor Subtotal:
100-7058-5320-00 STRICKBINE PUBLISHING INC
02/1 9/2026
Vendor Subtotal:

US BANK

US BANK
100-705 8-5320-00
100-7058-5320—00
100-7058-5320-00
100-7058-5330-00 US BANK
AS-6486 Best Buy - Wireless Keyboal
100-7058-6 160-00 US BANK

US BANK

US BANK
100-705 8-6 170-00
100-705 8-6 l 70-00
100-7059-42 1 7-00
Vendor Subtotal:

HR—4710 Amazon - Name Plates 02/19/2026
Vendor Subtotal:

CS-2169 Amazon - Employee Lunche- 02/19/2026
HR-4710 Amazon - EmplOyee Birthda 02/1 9/2026
Vendor Subtotal:

CA EMPLOYEES RETIREMENT S‘ 5915281324 GASB 75 - CalPERS OP: 02/19/2026 100-7059-5210-00
100-7059-52 l 0-00
Vendor Subtotal:
02/ 12/2026
02/1 2/2026
PUBLIC AGENCY RETIREMENT PARS Admin Fee - Oct '25
PUBLIC AGENCY RETIREMENT PARS Admin Fee - Nov ‘25
Vendor Subtotal:
000004677
AP—Transactions by Account (02/25/2026 - 8:25 AM) Page 8 Rectuitments Ads - Prin Planner/Bldg 02/1 9/2026
Vendor Subtotal:

FIR-5582 Recruitment Expense 02/1 9/2026
CS-4743 CSUN - Career Fair Registra
HR—47 1 0 Recruitment Ads
02/19/2026
02/1 9/2026
Vendor Subtotal:

Check No Amount
23,786.79
78262
183,39
78256
1,200.00
78262 1,677.50
78262
78262
600,00
3,677150
78262
224125
78262

36.74 78262
78262
217.86
250.90
78234
479,638.00
78217
78217
3 10.70
3 1
Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount PO No 100-7059—5640-00 XEROX CORPORATION CDD Xerox Meter Read 11/10 - 11/214 02/19/2026 78260 12124 100-7059-5640-00 XEROX CORPORATION CDD Xerox Meter Read 11/21 - 12/21 02/1 9/2026 78260 67‘ 14 Vendor Subtotal: 79.3 8
100-7059-572 I-OO FRONTIER CALIFORNIA INC City Hall Facility - Feb '26 02/1 9/2026 7823 8 232. 12 100-7059-5721-00 FRONTIER CALIFORNIA INC Bluffs Park 2nd Wifl - Feb '26 02/1 9/2026 78238 218. 11 Vendor Subtotal: 450.23
100-7059-6160-00 EARTH PRINT INC Business Cards 02/1 9/2026 78237 206.93 Vendor Subtotal: 206.93
100-7059-6 160-00 US BANK AS-0702 Safeguard - Tax Forms & En V 02/19/2026 78262 188.01 100-7059-6160-00 US BANK IS-6901 Amazon - Supplies 02/19/2026 78262 1,019‘80 Vendor Subtotal: 1,207. 81
100-7059-7600-00 US BANK AS-7465 ErgoDirect/Flexispot - Desk 02/19/2026 78262 2,537.72 Vendor Subtotal: 2,537.72
Subtotal for Section 1: 100 2,419,331824
101-0000-3410-00 KENNETH E PETERSON Palisades Fee Waiver PVPF 25-127 02/12/2026 78219 8,252.68 Vendor Subtotal: 8,252.68
101-0000-3410-01 KENNETH E PETERSON Palisades Fee Waiver PVPF 25-127 02/12/2026 78219 2 1 5‘00 Vendor Subtotal: 21 5 .00
101-0000-34 12-00 KENNETH E PETERSON Palisades Fee Waiver PVPF 25-127 02/12/2026 78219 1,179.00 10 l-0000-34 12-00 KENNETH E PETERSON Palisades Fee Waiver PVPF 25-127 02/12/2026 - 782 1 9 264.00 Vendor Subtotal: 1,443.00
AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 9 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount PO No 101-0000—3414-00 KENNETH E PETERSON Palisades Fee Waiver PVPF 25-127 02/12/2026 782 1 9 430‘00 10 1-0000-34 14-00 KENNETH E PETERSON Palisades Fee Waiver PVPF 25-127 02/12/2026 782 1 9 239.00 Vendor Subtotal: 669100
101-0000-3415-00 KENNETH E PETERSON Palisades Fee Waiver PVPF 25-127 02/12/2026 78219 215.00 Vendor Subtotal: 2 1 5 .00
101-0000-3419-00 MALIBU RIVIERA ESTATES I-IOA Ref - Credit Card Fee #25-5008, 2650: 02/1 9/2026 78247 42. 12 Vendor Subtotal: 42.12
10 1-0000-34 l 9-00 KENNETH E PETERSON Palisades Fee Waiver PVPF 25—127 02/12/2026 78219 20.69 Vendor Subtotal: 20.69
10 1—0000-3421-00 BLONDED LP Reissue CK76517 Ref— APR 24-052,2I 02/12/2026 78 1 94 575.00 Vendor Subtotal: 575.00
101-0000-3421-00 KEITH CANTER Ref- PVD 25-007, 6362 Sea Star Dr 02/12/2026 78 1 97 396.00 Vendor Subtotal: 396.00
101-0000-3421-00 KENNETH E PETERSON Palisades Fee Waiver PVPF 25-127 02/12/2026 78219 200.00 Vendor Subtotal: 200.00
101-0000-3425-00 CA BUILDING STANDARDS COIV Building Standards Admin Fee - Q4 2( 02/12/2026 78 1 96 3,708.90 Vendor Subtotal: 3,708.90
101-2001-5100-00 4LEAF INC Planning Svcs - Dec '25 02/12/2026 78193 26,750.00 000004387 Vendor Subtotal: 26,750.00
AP—Transactions by Account (02/25/2026 - 8:25 AM) Page 10 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount PO No 101-2001-5100-00 CASSWELL CONSULTING INC Contract Planning - Jan '26 02/12/2026 78 1 98 12,507.00 000004361 Vendor Subtotal: 12,507‘00
101-2001-5 100-00 CIVIC SOLUTIONS INC Contract Planning Svcs - Jan '26 02/12/2026 78 1 99 18,070.00 000004413 Vendor Subtotal: 18,070100
10 1-2001-5100-00 COURTNEY JEAN MCCAMMON City Proj Biologist - Jan ‘26 02/19/2026 78235 165.00 000004442 101-2001-5100-00 COURTNEY JEAN MCCAMMON City Proj Biologist - Dec '25 02/19/2026 78235 525.00 000004442 Vendor Subtotal: 690.00
101-2001-5100-00 ALLISON COOK Flaming Svcs - Jan ‘26 02/12/2026 78201 10,642.50 000004394 Vendor Subtotal: 10,64250
10 1-200 1 -5 100-00 LORRIE FEINBERG DB Updates - Flaming - Jan '26 02/12/2026 78210 3,543.75 000004147 Vendor Subtotal: 3,543i75
101-2001-5-100-00 MARINA SEK Contract Flaming - Jan ‘26 02/12/2026 78220 9,028‘00 000004360 Vendor Subtotal: 9,028.00
101-2001-5 100-01 COURTNEY JEAN MCCAMMON Contract Biologist - Jan '26 02/1 9/2026 78235 11,238.00 000004442 101-2001-5100-01 . COURTNEY JEAN MCCAMMON Contract Biologist - Dec '25 02/1 9/2026 78235 6,767.00 000004442 Vendor Subtotal: 18,005.00
101-2001-5300-00 US BANK CDD-5265 Credit - Best Western Mon 02/1 9/2026 78262 -293.54 Vendor Subtotal: -293.54
101-2001-5330-00 US BANK CDD—5265 APA - Membership P. Ach 02/1 9/2026 78262 846.00 101-2001-5330-00 US BANK CDD—5265 Zoom - Monthly 02/19/2026 78262 16.71 Vendor Subtotal: 862.71
AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 11 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Des'cription GL Date Check No Amount PO No 101-2001-5401—00 EARTH PRINT INC Public Notice Postcard Mailings - City 02/12/2026 78202 424‘86 000004077 101-2001-5401-00 EARTH PRINT INC Public Notice Postcard Mailings 02/12/2026 78202 379‘ 17 000004077 101-2001-5401-00 EARTH PRINT INC Public Notice Postcard Mailings 02/12/2026 78202 242.78 000004077 101-2001-5401-00 EARTH PRINT INC Public Notice Postcard Mailings 02/1 9/2026 78237 172.88 000004077 101-2001-5401-00 EARTH PRINT INC Public Notice Postcard Mailings 02/ 1 9/2026 78237 177.73 000004077 Vendor Subtotal: 1,397‘42
101-2001-6400-00 US BANK CDD—7736 4Imprint Windbreaker - U. 02/19/2026 78262 43.68 Vendor Subtotal: 43,68
10 1-2004-5 1 00-00 LORRIE FEINBERG DB Updates - Building Safety - Jan '2( 02/12/2026 78210 000004147 Vendor Subtotal:
101-2004-5330-00 US BANK ODD-7736 Dropbox - Membership 02/1 9/2026 78262 119.88 Vendor Subtotal: 119.88
101—2004-6160-00 US BANK CDD—7736 Ralphs/Amazon - Supplies 02/1 9/2026 78262 38.55 Vendor Subtotal: 3 8 .55
10 1-2004-6200-00 Us BANK CDD-O241 Masonry Society - Shippin 02/1 9/2026 78262 27.34 101-2004-6200-00 US BANK CDD-0241 ASCE - Shipping 02/1 9/2026 78262 11.95 101-2004—6200-00 US BANK CDD-O241 American Wood Council - 02/1 9/2026 78262 26.00 10 1-2004-6200-00 US BANK CDD-0241 ASCE - Min Design Load 02/ 1 9/2026 78262 232.50 101-2004-6200—00 US BANK CDD-0241 Masonry Society — Bldg C( 02/19/2026 78262 200.00 101-2004-6200-00 US BANK CDD-0241 American Wood Council - 02/19/2026 78262 215.00 Vendor Subtotal: 7 12.79
101-3003-5100-00 LORRIE FEINBERG DB Updates - Clean Water Program (E 02/12/2026 78210 337,50 000004147 Vendor Subtotal: 337.50
101-3003-5330-00 US BANK CDD-7736 Canva - Membership 02/19/2026 78262 120.00 AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 12 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount PO No Vendor Subtotal: 120‘00
Subtotal for Section 1: 101 12 1 ,5 86.3 8
102-3002-5 100-01 COURTNEY JEAN MCCAMMON WF Biologist - Jan '26 02/1 9/2026 78235 908100 000004442 102-3002-5 1 00-01 COURTNEY JEAN MCCAMMON WF Biologist - Dec ‘25 02/1 9/2026 78235 1,320.00 000004442 Vendor Subtotal: 2,228,00
102-3002-5 1 00-02 4LEAF INC WF Flaming Svcs ¥ Dec '25 02/12/2026 78193 10,237.50 000004387 Vendor Subtotal: 10,237.50
102-3002-5 1 00-02 CASSWELL CONSULTING INC WF Contract Flaming -’ Jan '26 02/12/2026 78198 759,00 000004361 Vendor Subtotal: 759.00
102-3 1 02-5 100-00 ULTIMATE MAINTENANCE SER‘ Rebuild Ctr Janitorial Svcs — Feb '26 02/12/2026 78223 1,900.00 000004465 Vendor Subtotal: 1,900,00
102-3 1 02-5 1 00-04 YEH AND ASSOCIATES INC Palisades Fire Calle del Barco AD 98—Z 02/12/2026 78226 570.00 000003612 102-3 1 02-5 1 00-04 YEH AND ASSOCIATES INC Palisades Fire Big Rock Mesa AD 98- 02/1 9/2026 78261 8,014,35 000003612 102-3 l 02-5 l 00-04 YEH AND ASSOCIATES INC Palisades Fire Big Rock Mesa AD 98- 02/ l 9/2026 78261 680,00 000003612 Vendor Subtotal: 9,264,35
102-3 102-5640-00 XEROX CORPORATION Rebuild Ctr - Xerox Meter Read 12/21 02/1 9/2026 78260 69,03 Vendor Subtotal: 69.03
102-3 102-572 1-00 CHARTER COMMUNICATIONS E Rebuild Ctr Intemet - Jan '26 Acct#251 02/19/2026 78255 220.00 Vendor Subtotal: 220.00
102-3 102-6 1 60-00 US BANK CDD—7736 Odgens - Rebuild Events 02/19/2026 78262 166.40 AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 13 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount PO No Vendor Subtotal: 166,40
102-9207-5 1 00-00 TOM MALLOY CORPORATION Temp Shoring Plates — Latigo Cyn 1/1 02/1 9/2026 78257 1,848.00 Vendor Subtotal: 1,848.00
102-9223-5 100-00 DIAMOND CONSTRUCTION INC Big Rock Drainage Infrastructure - No 02/12/2026 78205 451,926.73 000004506 Vendor Subtotal: 45 1 ,926.73
102-9223-5100-00 KIMLEY-HORN AND ASSOC INC Task 3: Big Rock Discharge - Through 02/12/2026 7821 l 35,174.81 000004523 Vendor Subtotal: 35, 174.81
102-9223-5 100-00 VIDO ARTUKOVICI—I & SON INC/ Palisades Fire - Big Rock Drainage Re 02/12/2026 78225 190,950.00 000004551 \ Vendor Subtotal: 190,950.00
102-9223—5 100-00 YEH AND ASSOCIATES INC Palisades Fire Storm Drain Big Rockl 02/19/2026 78261 13,842.60 000003612 102-9223-5 1 00-00 YEH AND ASSOCIATES INC Palisades Fire Storm Drain Big Rockl 02/1 9/2026 78261 2,075.00 000003612 Vendor Subtotal: 15,917.60
102-9225-5 1 00-00 STACY AND WITBECK INC Retention - Palisades Fire Guardrail 9/ 02/12/2026 78222 28,499.30 000004549 Vendor Subtotal: 28,499.30
102-9226-5 1 00-00 STACYAND WITBECK INC Retention - Franklin Fire Guardrail 9/] 02/12/2026 78222 11,973.65 000004549 Vendor Subtotal: 11,973.65
Subtotal for Section 1: 102 761,134.37
103-9050-5610-00 US BANK AS-7465 Amazon — Supplies 02/1 9/2026 78262 5 1.55 103-9050-5610-00 US BANK AS-7465 Cubicle Keys - Shipping 02/19/2026 78262 4.95 103-9050-5610—00 US BANK AS-7465 Cubicle Keys - File Cabinet] 02/19/2026 78262 7. 15 AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 14 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount ‘PO No Vendor Subtotal: 63,65
103-9050-5721-00 FRONTIER CALIFORNIA INC City Hall Septic, Fire Line - Feb '26 02/1 9/2026 7823 8 355‘31 Vendor Subtotal: 355 .31
103-9050-6160-00 US BANK AS-7465 Amazon/Staples - supplies 02/19/2026 78262 79.62 Vendor Subtotal: 79‘62
Subtotal for Section 1: 103 498,58
207-3004-5 100-00 30 THREE SIXTY PUBLIC FINAN Recycling Fee 7/8 - 12/12/25 02/ l 2/2026 78 1 91 964.50 000003903 Vendor Subtotal: 964.50
Subtotal for Section 1: 207 964.50
211-7021-5115-00 LA CO SHERIFF'S DEPAR'IMENT Sheriffs Svcs - Brulte - Jan '26 02/1 9/2026 78243 24,694.95 000004586 Vendor Subtotal: 24,694‘95
Subtotal for Section 1: 211 / 24,694.95
290-6002-5 1 00-00 30 THREE SIXTY PUBLIC FINAN AD 98-1 Big Rock 7/8 - 12/12/25 02/1 2/2026 78 l 91 614.00 000003903 Vendor Subtotal: 6 14.00
Subtotal for Section 1: 290 6 14.00
291-6003-5100-00 30 THREE SIXTY PUBLIC FINAN AD 98-3 Malibu Rd 7/8 - 12/12/25 02/12/2026 78 1 91 251.00 000003903 Vendor Subtotal: 25 1 .00
Subtotal for Section 1: 291 25 l .00
AP—Transactions by Account (02/25/2026 - 8:25 AM) Page 15 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No ‘ Amount PO No 292-6004-5 100-00 30 THREE SIXTY PUBLIC FINAN AD 98-2 Calle Del Barco 7/8 - 12/12/ 02/12/2026 78191 1,063.50 000003903 Vendor Subtotal: 1,063.50
Subtotal for Section 1: 292 1,063150
3 10-9075-5 100-00 WOODARD & CURRAN INC CCWTF Phase 2 - Through 1/3 1/26 02/1 9/2026 ‘ 78259 11,583.00 000003489 Vendor Subtotal: 1 1,5 83.00
3 10-9090-5 100-00 CS LEGACY CONSTRUCTION IN Pennanent Skate Park — Dec '25 02/12/2026 78203 72,487.22 000004530 Vendor Subtotal: 72,487‘22
3 10-9090-5 100—00 FILIPPIN ENGINEERING INC Task 1: Permanent Skate Park - Throu; 02/12/2026 78207 38,585.00 000004488 Vendor Subtotal: 38,585.00
3 10-9100—5100-00 CHEN RYAN ASSOCIATES INC PCH Right Tum Lane at Trancas - De( 02/1 9/2026 78236 5,3 19.50 000003915 I Vendor Subtotal: 5,3 1 9.50
310-9103-5100-00 KIMLEY-I-IORN AND ASSOC INC Task 15: Kanan Dume Biofllters - Dec 02/19/2026 78242 1,660.30 000004356 Vendor Subtotal: 1,660.30
3 10-91 14-5100-00 MNS ENGINEERS INC Malibu Seafood Pedestrian Undercros: 02/12/2026 782 1 6 8,345.00 000004575 Vendor Subtotal: 8,345.00
Subtotal for Section 1: 310 137,980.02
515-3010-5100-00 30 THREE SIXTY PUBLIC FINAN WW/RW Fee CC W l WTP 7/8 - 12/12/2 02/12/2026 78 l 9 1 997.00 000003903 Vendor Subtotal: 997.00
AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 16 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount PO No 601-3005-6120-0 0
601-3005-6330-00
601-3005-6330-00
601-3005-6330-00
601-3005-6330—00
601-3005-6330-00
601-3005-6330-00

MALIBU AUTO CARE SPECIALIE

MALIBU AUTO CARE SPECIALIE
601-3005-6330-00 US BANK
601-3005-6500-00
601-3005-6500-00
601-3005-6500-00
601-3005-6500-00
601-3005-6500-00
601—3005-6500-00

US BANK

US BANK
602-7060-5 l 00-00 SDI PRESENCE LLC
Vendor Subtotal:

Fleet Maint - F37
Fleet Maint - F19
Fleet Maint — F31
Fleet Maint - F44
Fleet Maint - F16-
Fleet Maint - F45
Vendor Subtotal:

Vendor Subtotal:
9 97.00
PW-8679 Ford - MOnthly Fleet GPS 78262 480.00
480,00
78246
78246
78246
78246
78246
78246 .
187.89
174.74
187.89
181132
187,89
214.19
1,133.92
PW-9093 Buzz Automotive - Car Was: 78262 100.00
100.00
PW-9093 Chevron - Fleet Fuel
CS-2481 Chevron - Fleet Fuel
PW-8679 Shell - Fleet Fuel
PW-1571 Chevron - Fleet Fuel
CS-7433 Shell - Fleet Fuel
PW-3834 Chevron - Fleet Fuel
78262
78262
78262
78262
78262
78262
02/ l 9/2026
02/ 1 9/2026
02/ 1 9/2026
02/ l 9/2026
02/1 9/2026
02/1 9/2026
Vendor Subtotal:

Vendor Subtotal:
602-7060-5 330-00 US BANK
Vendor Subtotal:
156180
348.49
138101
76172
83123

59.29 862.54
2,576.46
Land Management Implementation - C 78254 4,810100
4,810.00
13-9039 Open AI/Linked In/MicrosoR 78262 2,168.88
2,168.88
000003318
AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 17 02/ 1 9/2026
02/ 1 9/2026
02/ 1 9/2026
02/ 1 9/2026
02/ 1 9/2026
02/1 9/2026
02/1 9/2026
02/ 1 9/2026
02/ l 9/2026
02/1 9/2026
Subtotal for Section 1: 515
Subtotal for Section 1: 601
Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description Check No Amount PO No 602-7060-572 1-00 FRONTIER CALIFORNIA INC City Hall Fac Intemet - Feb '26 02/19/2026 78238 -164.74 602-7060-5721-00 FRONTIER CALIFORNIA INC City Hall Intemet 1/27 - 2/26/26 02/1 9/2026 78238 1,580.00 Vendor Subtotal: 1,4 1 5 ‘26
602-7060-572 l-OO CHARTER COMMUNICATIONS I€ Public Network/Install — Feb'26 Acct/#1 02/1 9/2026 78255 2,386.00 602-7060-572 1-00 CHARTER COMMUNICATIONS I€ Media Network - Feb'26 Acct/#2567849 02/1 9/2026 78255 1,050.00 602-7060-5721-00 CHARTER COMMUNICATIONS I-Z City Hall Intemet - Feb ‘26 Acct/#2568 02/19/2026 78255 1,250.00 Vendor Subtotal: 4,686.00
602-7060-5721-00 US BANK IS-6901 Starlink - IT 02/19/2026 78262 10.00 Vendor Subtotal: 10.00
602-7060-6 l 20-00 ROGUE SERVICES AND SOLUTI( Annual Intranet Svc 12/26/25 - 12/26/2 02/19/2026 78241 19,884.00 000004676 Vendor Subtotal: 19,884.00
602—7060-6 120-00 US BANK IS-9039 Computer Sottware 02/1 9/2026 78262 5,2 1 6.06 602-7060-6 120-00 US BANK 13-6901 Computer Software 02/1 9/2026 78262 10,137.31 602-7060-6 120-00 US BANK IS-4874 Amazon - Windows 11 Sotiw. 02/1 9/2026 78262 297.00 Vendor Subtotal: 15,650.37
602-7060-6 120-00 FLEXENTIAL COLORADO CORP Server Colocation - Feb '26 02/1 9/2026 78258 3,70 1 .65 Vendor Subtotal: /
3,701.65
602-7060-6160-00 US BANK IS-6901 Amazon - Wall Calendar 02/1 9/2026 78262 13.84 602-7060-6 1 60-00 US BANK 13-9039 Amazon - Supplies 02/19/2026 78262 18.59 Vendor Subtotal: 32.43
602-7060-6400-00 US BANK IS-6901 Land's End - IT Uniforms 02/19/2026 78262 906.57 Vendor Subtotal: 906.57
602-7060-7400-00 US BANK 13-9039 Amazon - Computer Equipme 02/19/2026 78262 442.51 AP-Transactions by Account (02/25/2026 - 8:25 AM) Page 18 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description GL Date Check No Amount PO No 602-7060-7400-00 US BANK 13-6901 Computer Equipment 02/1 9/2026 78262 15,253‘99 Vendor Subtotal: 15,696.50
602-7060-7800-00 CHARTER COMMUNICATIONS E Rebuild Ctr Security Camera Cloud -l 02/1 9/2026 78255 9099 Vendor Subtotal: 90,99
Subtotal for Section 1: 602 69,052‘65
710-0000-2270-12 NOELANI MALLEY Reissue CK74284 Ref - N.Malley - Se 02/12/2026 78215 50.00 Vendor Subtotal: 50.00
710-0000-2270-38 KIMLEY-HORN AND ASSOC INC 22761 PCH - Through 10/31/25 02/1 9/2026 78242 1,07307 000004354 Vendor Subtotal: 1,073,07
710-0000-2270-56 RICHARD COMI Review ofWRP 23-0083 28395.5 PCH 02/12/2026 78200 150.00 710-0000-2270-56 RICHARD COMI Review ofWRP 23-008, 28395.5 PCH 02/12/2026 78200 150,00 710-0000-2270-56 RICHARD COMI Review ofWRP 22-018, 73 1 1 .5 BirdV' 02/12/2026 78200 150.00 710-0000-2270-56 RICHARD COMI Review ofWRP 22-018, 73 l 1.5 Birdv. 02/12/2026 78200 150.00 .Vendor Subtotal: 600.00
Subtotal for Section 1: 710 1,723.07
712-9048-5100-00 3O THREE SIXTY PUBLIC FINAN CFD 2006-1 Carbon Beach 7/8 — 12/12 02/12/2026 78 1 91 3,941.00 000003903 Vendor Subtotal: 3,94 1 .00
Subtotal for Section 1: 712 3,941.00
713-9052-5100-00 30 THREE SIXTY PUBLIC FINAN AD 2010-1 Broad Beach 7/8 - 12/12/2 02/12/2026 78 1 91 1,028.50 000003903 Vendor Subtotal: 1,028.50
AP-Transaction§ by Account (02/25/2026 - 8:25 AM) Page 19 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64 Account Number Vendor Description ‘ GL Date Check No Amount PO NO Vandor Subtotal: 947.51
900-0000-2043-00 EMPOWER RETIREMENT LLC PR Batch 70012022026 401 Retireml 02/12/2026 0 1,000.00 Vendor Subtotal: 1,000‘00
900-0000-2050-00 Federal Taxes from PR PR Batch 70012022026 Federal Inco: 02/12/2026 0 63,377‘26 Vendor Subtotal: 63,377.26
900-0000-2051-00 State of California PR Taxes PR Batch 70012022026 State Income 02/12/2026 0 26,390. 15 Vendor Subtotal: 26,390.15
900-0000-2053-00 Federal Taxes from PR PR Batch 70012022026 Medicare EE 02/12/2026 0 7,257.54 900-0000-2053-00 Federal Taxes from PR PR Batch 70012022026 Medicare ER 02/1-2/2026 0 7,257.54 Vendor Subtotal: 14,5 1 5 .08
Subtotal for Section 1: 900 2 1 1 ,256 . 61
Report Total: 3,760,558.83
Report Total: 3,760,558.83
Lees Clearing House Electronic AP Proof List 00001.022026: (210,180.30) Total: 3,550,378.53 AP—Transactions by Account (02/25/2026 - 8:25 AM) Page 21 Docusign Envelope ID: 7F7855C7-DB4B-4F10-9B9C-9A4A30BD8C64

Page 1 of 1 ends

Agenda Item # 1.B.3.

Council Agenda Report
To: Mayor Silverstein and the Honorable Members of the City Council Prepared by: Kelsey Pettijohn, City Clerk
Approved by: Rob DuBoux, Interim City Manager
Date prepared: February 24, 2026 Meeting date: March 9, 2026 Subject: Approval of Minutes
RECOMMENDED ACTION: Approve the minutes for the July 22, 2025 Special Meeting, July 30, 2025 Special Meeting, and August 5, 2025 Special Meeting.

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

STRATEGIC PLAN IMPLEMENTATION: N/A.

DISCUSSION: Staff has prepared draft minutes for the Council meetings on July 22, 2025, July 30, 2025, August 5, 2025.

ATTACHMENTS:

July 22, 2025 Special Meeting
July 30, 2025 Special Meeting
August 5, 2025 Special Meeting
City Council Meeting
03-09-26
Item

1.B.3.
11 MINUTES

MALIBU CITY COUNCIL

SPECIAL MEETING
JULY 22, 2025

COUNCIL CHAMBERS
9:00 AM

MEETING CALL TO ORDER
Mayor Riggins called the meeting to order at 9:02 a.m.

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

PRESENT: Mayor Marianne Riggins; Mayor Pro Tem Bruce Silverstein; and Councilmembers Haylynn Conrad, Doug Stewart and Steve Uhring.

PLEDGE OF ALLEGIANCE
Mayor Riggins led the Pledge of Allegiance.

REPORT ON POSTING OF AGENDA
City Clerk Pettijohn reported that the agenda for the meeting was properly posted on July 18, 2025.

APPROVAL OF AGENDA
MOTION Councilmember Uhring moved, and Mayor Stewart seconded a motion to approve the agenda. The motion carried unanimously.

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

Speakers: None.

RECESS TO CLOSED SESSION
At 9:03 a.m., the Council recessed to Closed Session to discuss the following items listed on the Closed Session agenda:

Personnel Matters pursuant to Government Code Section 54957:

1. Public Employee Appointment
Title: City Manager
Attachment 1
22 Malibu City Council
Minutes of July 22, 2025

Page 2 of 4 ends

_________________________
Conference with Labor Negotiator pursuant to Government Code Section 54957.6:

1. City representative: Interim City Attorney Trevor Rusin Unrepresented employee: City Manager
Conference with Legal Counsel – Anticipated Litigation

1. Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Government Code section 54956.9
Number of potential cases: (2)

REGULAR SESSION CALL TO ORDER
Mayor Riggins called the meeting to order at 10:44 a.m.

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

PRESENT: Mayor Marianne Riggins; Mayor Pro Tem Bruce Silverstein; and Councilmembers Haylynn Conrad, Doug Stewart and Steve Uhring.

ALSO PRESENT: Trevor Rusin, Interim City Attorney; Candace Bond, Interim City Manager; Richard Rojas, Interim Deputy City Manager; Kelsey Pettijohn, City Clerk; Yolanda Bundy, Community Development Director; Rob DuBoux, Public Works Director; Christina Muñoz, Deputy City Clerk; Jason Lawrence, Deputy City Clerk; Tyler Eaton, Assistant Community Development Director; Lauren Doyel, Contract Geotechnical Engineer; Andre Ketchedjian, Senior Plan Check Engineer; and Michael Phipps, Contract Geologist

CLOSED SESSION REPORT
Interim City Attorney Rusin reported that the meeting convened at 9:00 a.m., after which time the City Council recessed to a Closed Session pursuant to Government Code Section 54956.9, 54957, and 54957.6, with all Councilmembers present. He stated the Council discussed the items on the Closed Session agenda and took no reportable action.

ITEM 1 CONSENT CALENDAR
Mayor Riggins opened the floor to public comment on the Consent Calendar.

Speakers: Dean Wenner, S. Haimer
As there were no other speakers present, Mayor Riggins closed public comment and returned the matter to the table for discussion.
33 Malibu City Council
Minutes of July 22, 2025

Page 3 of 4 ends

_________________________
MOTION Councilmember Uhring moved, and Councilmember Stewart seconded a motion to approve the Consent Calendar and continue Item No. 1.B.2. to the August 11, 2025 Regular Meeting. The motion carried unanimously.

The Consent Calendar consisted of the following items:

A. Previously Discussed Items
None.

B. New Items

1. Professional Services Agreement with DMCM Partners
Recommended Action: 1) Receive a report on the approval of an emergency agreement with DMCM Partners for emergency management, preparedness, securing and management of grants and other funding, and assistance with FEMA Public Assistance and Hazard Mitigation Grant Program activities; and 2) Authorize the City Manager or designee to amend the approved agreements if necessary to receive reimbursement from FEMA or any other governmental agency.

This following item was continued to the August 11, 2025 Regular Meeting:

2. Hazard Mitigation Grant Program – Codes and Standards Recommended Action: Authorize the City Manager to sign the letter of commitment for the Hazard Mitigation Grant Program (HMGP) – Codes and Standards sub-application to California Governor’s Office of Emergency Services (CalOES).

ITEM 2 NEW BUSINESS
A. Rebuild Policies to Facilitate the Rebuilding of Structures Damaged or Destroyed by Natural Disasters
Recommended Action: Consider the rebuild policy document to facilitate the rebuild of structures destroyed by natural disasters.

Principal Planner Eaton presented the staff report.

The Council directed questions to staff.

Mayor Riggins opened the floor to public comment.

Speakers: Dennis Smith, Dean Wenner, Marissa Coughlan, Luis Tena, Arno Koch, Sherif Washa, Salwa Wahba; Kraig Hill; Marcie Post; S. Haimer; Wade Major; Lester Tobias; and Jo Drummond
As there were no other speakers present, Mayor Riggins returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff. 44 Malibu City Council
Minutes of July 22, 2025

Page 4 of 4 ends

_________________________
MOTION Mayor Pro Tem Silverstein moved, and Councilmember Stewart seconded a motion to direct staff to bring back a revised policy document reflecting the direction that structures damaged or destroyed by the Palisades Fire which did not have active code enforcement and can be demonstrated to have existed before the fire and could be permitted under the Zoning code shall be considered lawfully erected under the Zoning code. The motion carried unanimously.

ITEM 8 COUNCIL ITEMS
None.

ADJOURNMENT
Mayor Riggins adjourned the meeting at 12:58 p.m.

Approved and adopted by the City Council of the
City of Malibu on __________.
_________________________________
BRUCE SILVERSTEIN, Mayor
ATTEST:
_________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
55 MINUTES

MALIBU CITY COUNCIL

SPECIAL MEETING
JULY 30, 2025

COUNCIL CHAMBERS
10:30 A.M.

MEETING CALL TO ORDER
Mayor Riggins called the meeting to order at 10:32 a.m.

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

PRESENT: Mayor Marianne Riggins; Mayor Pro Tem Bruce Silverstein; and Councilmembers Haylynn Conrad, Doug Stewart and Steve Uhring.

ALSO PRESENT: Monica Castillo, Deputy City Attorney; Christina Muñoz, Deputy City Clerk; and Jason Lawrence, Deputy City Clerk.

PLEDGE OF ALLEGIANCE
Mayor Riggins led the Pledge of Allegiance.

REPORT ON POSTING OF AGENDA
Deputy City Clerk Muñoz reported that the agenda for the meeting was properly posted on July 29, 2025.

APPROVAL OF AGENDA
MOTION Councilmember Uhring moved, and Mayor Stewart seconded a motion to approve the agenda. The motion carried unanimously.

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

Speakers: None.

RECESS TO CLOSED SESSION
At 10: 30 a.m., the Council recessed to Closed Session to discuss the following items listed on the Closed Session agenda:

Attachment 2
66 Malibu City Council
Minutes of July 30, 2025

Page 2 of 2 ends

_________________________
Personnel Matters pursuant to Government Code Section 54957:

1. Public Employee Appointment
Title: City Manager
Conference with Labor Negotiator pursuant to Government Code Section 54957.6:

1. City representative: Interim City Attorney Trevor Rusin Unrepresented employee: City Manager

CLOSED SESSION REPORT
Deputy City Attorney Castillo reported that the meeting convened at 10:32 a.m., after which time the City Council recessed to a Closed Session pursuant to Government Code Section 54957 and 54957.6. She reported that by unanimous vote the Council appointed Ronda Perez as City Manager, conditioned on the approval of an agreement with Ms. Perez on an open session agenda. She stated the agreement would be presented at the August 11, 2025 Regular Meeting and take effect August 25, 2025. There were no other reportable actions.

ADJOURNMENT
Mayor Riggins adjourned the meeting at 10:57 a.m.

MALIBU CITY COUNCIL

SPECIAL MEETING
AUGUST 5, 2025

COUNCIL CHAMBERS
10:30 A.M.

MEETING CALL TO ORDER
Mayor Riggins called the meeting to order at 10:31 a.m.

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

PRESENT: Mayor Marianne Riggins; Mayor Pro Tem Bruce Silverstein; and Councilmembers Haylynn Conrad, Doug Stewart and Steve Uhring.

ALSO PRESENT: Monica Castillo, Deputy City Attorney; Christina Muñoz, Deputy City Clerk; and Jason Lawrence, Deputy City Clerk

PLEDGE OF ALLEGIANCE
Mayor Riggins led the Pledge of Allegiance.

REPORT ON POSTING OF AGENDA
Deputy City Clerk Muñoz reported that the agenda for the meeting was properly posted on August 4, 2025.

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

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

Speakers: None.

RECESS TO CLOSED SESSION
At 10: 30 a.m., the Council recessed to Closed Session to discuss the following items listed on the Closed Session agenda:

Attachment 3
88 Malibu City Council
Minutes of August 5, 2025

Page 2 of 2 ends

_________________________
Personnel Matters pursuant to Government Code Section 54957:

1. Public Employee Appointment
Title: City Manager
Conference with Labor Negotiator pursuant to Government Code Section 54957.6:

1. City representative: Interim City Attorney Trevor Rusin Unrepresented employee: City Manager

CLOSED SESSION REPORT
Deputy City Attorney Castillo reported that the meeting convened at 10:31 a.m., after which time the City Council recessed to a Closed Session pursuant to Government Code Section 54957 and 54957.6 with all Councilmembers present. She stated the Council discussed the items on the Closed Session agenda and took no reportable action.

ADJOURNMENT
Mayor Riggins adjourned the meeting at 3:01 p.m.

Page 1 of 2 ends

Agenda Item # 1.B.4.

Council Agenda Report
To: Mayor Silverstein and the Honorable Members of the City Council Prepared by: Sarina Flores, Accounting Technician
Reviewed by: Christopher Smith, Assistant City Manager
Approved by: Rob DuBoux, Interim City Manager
Date prepared: February 18, 2026 Meeting date: March 9, 2026 Subject: Amendment No. 3 to Professional Services Agreement with Hinderliter de Llamas & Associates for Sales Tax Management and Monitoring RECOMMENDED ACTION: Authorize the Mayor to execute Amendment No. 3 to Professional Services Agreement with Hinderliter de Llamas & Associates (HdL) for sales tax management and monitoring.

FISCAL IMPACT: Funding for this agreement was included in the Proposed Budget for Fiscal Year 2025-26 in Account No. 100-7054-5100-00 (Finance - Professional Services).

Amendment No. 3 will extend the term of the agreement and increase the budget by $45,000, for a total not to exceed of $100,000.

STRATEGIC PRIORITY: This item is part of the day-to-day operations identified in the Adopted FY 2025-26 Strategic Priority Project List.

DISCUSSION: On July 1, 2021 the City entered into an Agreement with HdL for sales tax management and monitoring which includes examining all sales, use and transactions tax records of the California Department of Tax and Fee Administration (CDTFA) pertaining to sales, use and transactions taxes collected by the CDTFA on behalf of the City of Malibu. On December 12, 2022, the City entered into Amendment No. 1 to include management and monitoring services for the Transaction and Use District Tax Measure MC approved by voters on November 8, 2022. On November 1, 2023, the City entered into Amendment No. 2 to extend the term of the agreement and increase HdL’s compensation.

City Council Meeting
03-09-26
Item

1.B.4.
1

Page 2 of 2 ends

Agenda Item # 1.B.4.

The base cost for use and transaction tax services provided by HdL is $200 per month.

This amount includes the preparation of regular transaction district tax reports and related information. In addition, HdL provides audit and recovery services for a contingency fee equal to 25% of the initial new transactions or use tax revenue received by the City as a result of HdL’s audit and recovery efforts.

The parties propose to amend the Agreement via Amendment No. 3 to increase the Consultant’s total compensation by $45,000, for a revised not-to-exceed amount of $100,000, and to extend the term of the Agreement through July 1, 2029. Staff recommend this augmentation to the Agreement to allow HdL to work with staff to examine the impacts of the recent natural disasters on City tax revenues and to support future financial planning.

ATTACHMENTS:

1. Amendment No. 3 to Agreement with HdL
2 AMENDMENT NO. 3 TO AGREEMENT FOR PROFESSIONAL SERVICES THIS AMENDMENT NO. 3 TO AGREEMENT FOR PROFESSIONAL SERVICES (“Amendment No. 3”) is made and entered in the City of Malibu on March 9, 2026, by and between the CITY OF MALIBU, a municipal corporation, hereinafter referred to as “City”, and Hinderliter de Llamas and Associates, a California Stock Corporation, hereinafter referred to as “Consultant”. City and Consultant are each a “Party” and collectively, the “Parties”.

The City and the Consultant agree as follows:

R E C I T A L S
A. On July 1, 2021 the City entered into an Agreement with Consultant for sales tax management and monitoring which includes examining all sales, use and transactions tax records of the California Department of Tax and Fee Administration (CDTFA) pertaining to sales, use and transactions taxes collected by the CDTFA on behalf of the City of Malibu (the “Agreement”).

B. On December 30, 2022, the City entered into Amendment No. 1 to include management and monitoring services for the Transaction and Use District Tax Measure MC approved by voters on November 8, 2022.

C. On November 1, 2023, the City entered into Amendment No. 2 to extend the term of the agreement and increase Consultant’s compensation.

D. The Parties desire to amend the Agreement to increase the Consultant’s compensation by $45,000 for a not to exceed amount of $100,000 and to extend the term of agreement through June 1, 2029, and Consultant has submitted a proposal for this purpose that is acceptable to the City, attached as Exhibit A.

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 June 1, 2029, the “Renewal Term”.

2. Section 4.0 – Compensation for Services, of the Agreement, is hereby amended by $45,000 to increase the total not to exceed amount to $100,000 for the term of the agreement.

3. The Parties agree to replace the existing Scope of Services, attached to the Agreement as Exhibit A, with Schedule A attached to this Amendment No. 3 as Exhibit A.

4. The Parties further agree that this Amendment No. 3 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.

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

Docusign Envelope ID: 5F1E5C31-5341-407A-8715-8543D41DE149 Attachment 1
3 Amendment No. 3 to Agreement
Hinderliter de Llamas and Associates

Page 2 of 2 ends

_____________________
This Amendment No. 3 is executed on March 9, 2026, at Malibu, California, and effective as of March 9, 2026.

CITY OF MALIBU:
____________________________________
ATTEST: BRUCE SILVERSTEIN, Mayor
____________________________________ CONSULTANT: Hinderliter de Llamas and Associates, a California corporation
KELSEY PETTIJOHN, City Clerk
(seal)
By: ____________________________________
Name: Andrew Nickerson
Title: President
APPROVED AS TO FORM:
_____________________________________
TREVOR RUSIN, Interim City Attorney
Docusign Envelope ID: 5F1E5C31-5341-407A-8715-8543D41DE149 4

Page 1 of 5 ends

SCHEDULE A
PREMIUM SERVICES – Sales and Use Tax

1. Sales and Use Tax and Economic Analysis/Reports

1.1. Establish a special database with California Department of Tax and Fee Administration (“CDTFA”) registration data for businesses within applicable district boundaries holding seller’s permit accounts.

1.2. Consultant shall make available to CITY the HdL proprietary software program and database containing all applicable registration and quarterly allocation information for CITY business outlets registered with the Department of Tax and Fee Administration. The database will be updated quarterly.

1.3. Consultant shall provide updated reports each quarter identifying changes in allocation totals by individual businesses, business groups and by categories. Quarterly aberrations due to State audits, fund transfers, and receivables, along with late or double payments, will also be identified.

1.4. Following each calendar quarter shall provide a summary analysis for City to share with Council Members, Chamber of Commerce, other economic development interest groups and the public that analyze City’s sales tax trends by major groups without disclosing confidential individual tax records.

1.5. Provide periodic updated reports endeavoring to identify and assist with budget forecasting including (i) changes in allocation totals by individual businesses, business groups and categories, and (ii) aberrations due to State audits, fund transfers, and receivables, along with late or double payments.

1.6. Consultant shall provide a presentation led by an HdL Sales Tax Principal discussing latest sales tax results, emerging retail trends, business retention needs, leveraging of economic clusters and reviewing successes in client jurisdictions with similar characteristics. This presentation will occur following each calendar quarter.

2. Allocation and Audit Recovery Services

2.1. Conduct (when mutually agreed with City) initial and on-going sales and use tax audits of businesses to help identify and correct allocation errors, and to proactively affect favorable registration, reporting or formula changes thereby generating previously unrealized sales and use tax income for the City and/or recovering misallocated tax from registered taxpayers. Common errors that will be monitored and corrected include but are not limited to: transposition errors resulting in misallocations; erroneous consolidation of multiple outlets; misreporting of “point of sale” to the wrong location; delays in reporting new outlets; misallocating use tax payments to the allocation pools or wrong jurisdiction; and erroneous fund transfers and adjustments.

2.2. Initiate contacts with sales, management and accounting officials in companies that have businesses where a probability of error exists to endeavor to help verify whether current tax receipts accurately reflect the local sales activity. Such contacts will be conducted in a professional and courteous manner.

2.3. Prepare and submit to the CDTFA information for the purpose of correcting any identified allocation errors, and follow-up with individual businesses and the CDTFA to promote recovery by the City of back or prospective quarterly payments that may be owing.

2.4. If, during the course of its audit, Consultant finds businesses located in the City’s jurisdiction that are properly reporting sales and use tax but have the potential for modifying their operation to Docusign Envelope ID: 5F1E5C31-5341-407A-8715-8543D41DE149 5

Page 2 of 5 ends

provide an even greater share to City, Consultant may so advise City and collaborate with those businesses and City to encourage such changes.

PREMIUM SERVICES – Transactions and Use Tax

3. Transactions Tax and Economic Analysis/Reports

3.1 Establish a database containing all applicable Department of Tax and Fee Administration (CDTFA) registration data for each business within the Measure “MC” District boundaries holding a seller’s permit account. Said database shall also identify the quarterly transactions and use tax allocations under each account for the most current and previous quarters where available.

3.2 Consultant shall make available to CITY the HdL proprietary software program and Measure “MC” database containing all applicable registration and quarterly allocation information for CITY business outlets registered with the Department of Tax and Fee Administration. The database will be updated quarterly.

3.3 Consultant shall provide updated reports each quarter identifying changes in allocation totals by individual businesses, business groups and by categories. Quarterly aberrations due to State audits, fund transfers, and receivables, along with late or double payments, will also be identified.

3.1. Following each calendar quarter shall provide a summary analysis for City to share with Council Members, Chamber of Commerce, other economic development interest groups and the public that analyze City’s sales tax trends by major groups without disclosing confidential individual tax records.

3.2. Provide periodic updated reports endeavoring to identify and assist with budget forecasting including (i) changes in allocation totals by individual businesses, business groups and categories, and (ii) aberrations due to State audits, fund transfers, and receivables, along with late or double payments.

3.3. Consultant shall provide a presentation led by an HdL Sales Tax Principal discussing latest sales tax results, emerging retail trends, business retention needs, leveraging of economic clusters and reviewing successes in client jurisdictions with similar characteristics. This presentation will occur following each calendar quarter.

4. Deficiency/Allocation Reviews and Recovery

4.1. Consultant shall conduct on-going reviews to identify and correct unreported transactions and tax payments and distribution errors thereby generating previously unrealized revenue for the City.

Reviews shall include:

4.1.(a) Comparison of county-wide local tax allocations to transactions tax for brick and mortar stores and other cash register-based businesses, where clearly all transactions are conducted on-site within the Measure “MC” City boundaries, and therefore subject to transactions tax.

4.1.(b) Review of any significant one-time use tax allocations to ensure that there is corresponding transaction tax payments for taxpayers with nexus within the City boundaries.

4.1.(c) Review of state-wide transactions tax allocations and patterns to identify any obvious errors and omissions.

4.1.(d) Identification and follow-up with any potentially large purchasers of supplies and equipment (e.g. hospitals, universities, manufacturing plants, agricultural operations, refineries) to ensure that their major vendors are properly reporting corresponding transactions tax payments to the Measure “MC” Transactions Tax District.

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4.2. Consultant will initiate, where the probability of an error exists, contacts with the appropriate taxpayer management and accounting officials to verify whether current tax receipts accurately reflect the local sales activity. Such contacts will be conducted in a professional and courteous manner so as to enhance CITY’s relations with the business community.

4.3. Consultant shall prepare and submit to the Department of Tax and Fee Administration all information necessary to correct any allocation errors and deficiencies that are identified and shall follow-up with the individual businesses and the California Department of Tax and Fee Administration to ensure that all back quarter payments due the CITY are recovered.

5. Consulting and Other Optional Services
Consultant may from time to time in its sole discretion, consult with City’s staff, including without limitation, regarding (i) technical questions and other issues related to sales, use and transactions tax, (ii) utilization of reports to enhance business license collection efforts, (iii) sales tax projections for proposed annexations, economic development projects and budget planning, (iv) negotiating/review of tax sharing agreements, (v) establishing purchasing corporations, (vi) meeting with taxpayers to encourage self-assessment of tax obligations, and (vii) other sales, use or transactions tax revenuerelated matters.

FEES – Sales and Use Tax Services

6. Sales and Use Tax and Economic Analysis/ Reports

6.1. Fees for performing the sales tax and economic analysis Services as described above shall initially be $683 per month, commencing with the month of the Effective Date (hereafter referred to as “monthly fee”). The monthly fee shall be invoiced quarterly in arrears, and shall be paid by City no later than 30 days after the invoice date.

6.2. Consultant will increase the non-hourly Fees established above once a year with reference to the 12-month percent change in the most recently published annual Consumer Price Index for All Urban Consumers (CPI-U), as reported by the U.S. Bureau of Labor Statistics (the “CPI Change”).

7. Allocation and Audit Recovery Services

7.1. Fees for performing the allocation and audit recovery Services described above shall be 18% of all new, increased and recovered sales and use tax revenue received by the City as a result, in whole or in part, of the allocation audit and recovery services (hereafter referred to as “audit fee”).

The fee shall be paid notwithstanding any related City assistance, work in parallel, and/or incurrence of attorneys’ fees or other costs or expenses in connection, with the relevant Services.

7.2. The Fee described above include, without limitation, State fund transfers received for back quarter reallocations and monies received in the second eight (8) consecutive reporting quarters following completion of Consultant’s allocation audit and confirmation of the corrections by the CDTFA.

7.3. These Fees shall be paid by City upon Consultant’s submittal of evidence of Consultant’s relevant Services in support thereof, including, without limitation, copies of relevant communications between Consultant and the CDTFA and/or taxpayers.

FEES – Transactions Tax Services

8. Transactions Tax and Economic Analysis/Reports

8.1. Fees shall be paid $220 monthly billed quarterly for the transaction district tax reports that we include with the quarterly sales tax analyses. The monthly fee shall be invoiced quarterly in arrears and shall be paid by City no later than 30 days after the invoice date.

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8.2. Consultant will increase the non-hourly Fees established above once a year with reference to the 12-month percent change in the most recently published annual Consumer Price Index for All Urban Consumers (CPI-U), as reported by the U.S. Bureau of Labor Statistics (the “CPI Change”).

9. Allocation and Audit Recovery Services

9.1. Fees shall be paid 25% of the initial amount of new transactions or use tax revenue received by the City because of audit and recovery work performed by Consultant, (hereafter referred to as "audit fees"). New revenue shall not include any amounts determined and verified by City or Consultant to be increment attributable to causes other than Consultant’s work pursuant to this agreement. In the event, Consultant is responsible for an increase in the tax reported by businesses already properly making tax payments to the City, it shall be Consultant’s responsibility to separate and support the incremental amount attributable to its efforts prior to the application of the audit fee. Said audit fees will apply to state fund transfers received for those specific quarters identified as being missing and/or deficient following completion of the audit by Consultant and confirmation of corrections by the California Department of Tax and Fee Administration but shall not apply prospectively to any future quarter. Consultant shall provide City with an itemized quarterly invoice showing all formula calculations and amounts due for audit fees.

ADDITIONAL TERMS – Sales, Use and Transactions Tax Services

10. Consulting and Other Optional Services

10.1. Fees for performing other optional services are described below:

10.1.1. Fees for performing City Staff training, public representation, or technical seminars for elected officials shall be $3,000 for one-time service and $2,000 for recurring service.

10.1.2. Fees for performing transactional tax ballot measure estimates shall be $2,600 per report.

10.1.3. On-site travel to the city shall be $2,600 plus any associated travel expenses per visit.

10.1.4. Incremental non-core packet reporting shall be $2,600 for a one-time report and $700 for recurring reporting service.

10.2. Any other consulting and optional Services not listed shall be based on the following initial hourly rates: (i) Principal - $325; (ii) Programmer - $295; (iii) Senior Analyst - $245; and (iv) Analyst - $195.

11. General Provisions Relating to Fees

11.1. Fees for travel and lodging expenses will be invoiced at cost and applied to all meetings (including implementation, training, operations and support). Travel expenses only apply to out of scope travel and must therefore be pre-approved by City.

11.2. Fees will be invoiced monthly to City for Services performed during the prior month. To the extent that Consultant has commercially reasonable means to do so, Fees will be netted out of City’s monthly revenue disbursement.

12. Confidentiality Information
Section 7056 of the State of California Revenue and Taxation Code (“R&T Code”) specifically limits the disclosure of confidential taxpayer information contained in the records of the CDTFA. Section 7056 specifies the conditions under which a city, county or district may authorize persons other than such city, county or district’s officers and employees to examine state sales and use tax records.

The following conditions specified in Section 7056-(b)(1) of the State of California R&T Code are hereby made part of this Agreement:

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12.1. Consultant is authorized by this Agreement to examine sales, use or transactions and use tax records of the CDTFA provided to City pursuant to contract under the Bradley-Burns Uniform Local Sales and Use Tax Law R&T Code Section 7200 et.seq.

12.2. Consultant is required to disclose information contained in, or derived from, those sales or transactions and use tax records only to an officer or employee of City who is authorized by City resolution provided to the CDTFA to examine the information.

12.3. Consultant is prohibited from performing consulting services for a retailer (as defined in R&T Code Section 6015), during the term of this agreement.

12.4. Consultant is prohibited from retaining the information contained in or derived from those sales, use or transactions and use tax records after this agreement has expired. Information obtained by examination of the CDTFA records shall be used only for purposes related to collection of local sales and use tax or for other governmental functions of the City as set forth by resolution adopted pursuant to Section 7056 (b) of the Revenue and Taxation Code. The resolution shall designate the Consultant as a person authorized to examine sales and use tax records and certify that this agreement meets the requirements set forth above and in Section 7056 (b), (1) of the Revenue and Taxation Code.

Docusign Envelope ID: 5F1E5C31-5341-407A-8715-8543D41DE149 9 City of Malibu
Memorandum

Page 1 of 1 ends

Agenda Item # 1.B.5.

To: Mayor Silverstein and the Honorable Members of the City Council From: Ruth F. Quinto, CPA, City Treasurer
Subject: Investment Report for the Month Ending January 31, 2026 RECOMMENDED ACTION: Receive the Investment Report for the month ending January 31, 2026.

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 22.49%
U.S. Treasury 71.75%
U.S. Agencies 0.00%
Certificates of Deposit 5.77%
Investments month to month:

Investment
Issuer/Instrument Type
December 31, 2025 January 31, 2026
Amount
(in millions) Yield(A) %
Amount
(in millions) Yield(A) %
Operating Cash Cash $13.24 3.19% 15.35% $16.67 3.19% 18.57% LAIF Cash $2.48 3.97% 2.87% $2.53 3.90% 2.82%
CDs Investment $5.43 3.99% 6.30% $5.18 3.94% 5.77%
Treasury Bills Investment $0.00 0.00% 0.00% $0.00 0.00% 0.00% Treasury Notes Investment $54.68 3.85% 63.37% $54.65 3.85% 60.88% Treasury STRIPS Investment $9.73 4.02% 11.27% $9.75 4.02% 10.87% Money Market Cash $0.72 3.79% 0.84% $0.99 3.65% 1.10%
Total/Blended Yield 3.78% 3.75%
Total Duration(Years) 1.85 1.70
(A)Yield is based on Purchase Yield for Treasury Bills
Two-Year U.S. Treasury Note Benchmark, as of January 31, 2026: 3.52%.

The fair market value of all investments held by the City is $86,761,475 as of January 31, 2026.

ATTACHMENTS:

1. City of Malibu Investment Statement

2. City of Malibu Portfolio Analysis Statement
City Council Meeting
03-09-26
Item

1.B.5.
11 SNAPSHOT
Current period ending January 31, 2026
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
If you have more than one account with us, why not link them and receive summary information for your entire household? Contact Your Financial Advisor for more details.

CITY OF MALIBU Message from Our Firm

RUTH QUINTO THE NEW YEAR IS AN IDEAL TIME TO REVIEW YOUR INVESTMENT PLAN TO BE SURE IT'S 23825 STUART RANCH ROAD POSITIONED TO HELP YOU MEET YOUR GOALS. IT'S ALSO A GOOD TIME TO VERIFY OR UPDATE YOUR CONTACT INFORMATION ONLINE. NOT ENROLLED ONLINE? ENROLL AT MALIBU CA 90265-4861 WFA.COM/ENROLL TO VIEW ACCOUNTS, ACCESS RESEARCH AND MORE.

News

SHOULD YOU NEED ADDITIONAL DETAILS ABOUT A SPECIFIC TRANSACTION REFLECTED ON

YOUR STATEMENT, THE INFORMATION IS AVAILABLE ONLINE OR BY CONTACTING THE CLIENT SERVICE NUMBER ON YOUR STATEMENT.

Investment and Insurance Products are: 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 • Not Insured by the FDIC or Any Federal Government Agency & Company. WFAFN uses the trade name Wells Fargo Advisors. Any other referenced • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank entity is a separate entity from WFAFN. Account(s) carried by Wells Fargo Clearing Affiliate Services, LLC, Member SIPC.
• Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

SNAPSHOT
RSNIP-03012025-5924926.1.1 Attachment 1 072 ANCA ANC9
22 General About your rights and responsibilities instructions and disclosures Questions and complaints about Your Account: This account statement contains important information About this statement about your brokerage account, including recent transactions. All account statements sent to you shall be deemed Clearing services: Wells Fargo Clearing Services, LLC (WFCS), an indirect wholly owned subsidiary of Wells complete and accurate if not objected to in writing within ten days of receipt. We encourage you to review the details Fargo & Company, is a clearing broker-dealer registered with the Securities and Exchange Commission (SEC) and in this statement. If you do not understand any of the information in your statement or if you believe there are any the Municipal Securities Rulemaking Board (MSRB) and is a member of the New York Stock Exchange (NYSE), the inaccuracies or discrepancies in your statement, you should promptly report them to both WFCS and to the manager Financial Industry Regulatory Authority (FINRA) and all principal U.S. exchanges. WFCS carries your account(s) and of the Wells Fargo Advisors Financial Network office listed on the front of your statement. To further protect your acts as your custodian for funds and securities deposited with us directly by you, through our affiliated broker-dealer, rights, including any rights under the Securities Investor Protection Act, any verbal communications with either your Wells Fargo Advisors Financial Network, LLC (Wells Fargo Advisors) or as a result of transactions WFCS processes Wells Fargo Advisors Financial Network office or with WFCS should be re-confirmed in writing. Inquiries or for your account. Twice a year, WFCS publishes on its web site www.wfclearing.com a statement of the firm's complaints about your account statement, including the positions and balances in your account, may be directed to financial condition. A financial statement of this organization is available for your personal inspection at its offices, or Wells Fargo Advisors Client Services at (866) 258-4606 or ATTN: H0005-087, 1 N. Jefferson Ave, St. Louis, MO a copy of it will be mailed upon your written request. Unless and until we receive written notice from you to the 63103. contrary, WFCS may, without inquiry or investigation, accept from Wells Fargo Advisors (i) orders for the purchase or Public disclosure: You may reach FINRA by calling the FINRA BrokerCheck Hotline at (800) 289-9999 or by visiting sale of securities for your account on margin or otherwise, and (ii) any other instructions concerning your account. the FINRA website at www.finra.org. An investor brochure that includes information describing FINRA BrokerCheck Trade date statement and trade details: All activity and positions on this statement are shown as of the date a is available from FINRA upon request. A brochure describing the FINRA Pricing of Securities Regulation Public trade is entered on the brokerage trading system (i.e., the trade date). Proceeds from the sale of securities and costs Disclosure Program is also available from the FINRA upon request. for the purchase of securities are not transacted through your account until the actual settlement date of the trade. MSRB disclosure: A brochure describing the protections available under MSRB rules and how to file a complaint is The time of the transactions, the name of the buyer or seller, and the source and amount of any commission or fee available at www.MSRB.org. will be furnished upon written request.

Account protection: WFCS is a member of the Securities Investor Protection Corporation (SIPC) which protects Pricing of securities: Securities prices on your statement may vary from actual liquidation value. Prices are against the loss of cash and securities held in client accounts of a SIPC member firm in the event of the member's provided by outside quotation services which we believe are reliable but due to the nature of market data the accuracy insolvency and liquidation. SIPC coverage is limited to $500,000 per customer, including up to $250,000 for cash. For cannot be guaranteed. In the absence of such pricing, prices are estimated by WFCS using available information and more information on SIPC coverage, please see the explanatory brochure at www.sipc.org or contact SIPC at (202) its judgment. Such estimates may not reflect actual trades and do not reflect a commitment by the firm to buy or sell 371-8300. 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.
33 44
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CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
ACCOUNT NUMBER:

Cash flow summary THIS PERIOD THIS YEAR
Opening value of cash and sweep balances $42,777.37
Income and distributions 16,392.69 16,392.69
Securities sold and redeemed 250,000.00 250,000.00
Net additions to cash $266,392.69 $266,392.69
Securities purchased -1,276.58 -1,276.58
Net subtractions from cash -$1,276.58 -$1,276.58
Closing value of cash and sweep balances $307,893.48
Income summary * THIS PERIOD THIS YEAR
TAXABLE Money market/sweep funds 731.52 731.52
Interest 14,384.59 14,384.59
Total taxable income $15,116.11 $15,116.11
Total federally tax-exempt income $0.00 $0.00
Total income $15,116.11 $15,116.11
* 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) 253,986.53 0.00 0.00
Long term (L) 1,264,488.10 0.00 0.00
Total $1,518,474.63 $0.00 $0.00

SNAPSHOT
072 ANCA ANC9
55 SNAPSHOT Page 3 of 19

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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: 5419-7847 Go paperless. Accessing your account documents online is easy, secure, and Brokerage Cash Services number: 9091092513 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 0.00 Tax documents: X
Money market and sweep funds 307,893.48 Shareholder communications: X Available for loan 0.00 Other documents: X
Your total available funds $307,893.48

SNAPSHOT
072 ANCA ANC9
66

Page 4 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
ACCOUNT NUMBER:

Bond maturity schedule % OF
MATURING IN: AMOUNT MATURING CURRENT VALUE MATURING VALUE under 1 year 21,706,000.00 21,572,288.71 30.64
60,000,00 1 to 5 years 49,128,000.00 48,005,516.51 69.36 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 $70,834,000.00 $69,577,805.22 100.00%
0 under 1 1 - 5 6 - 10 11 - 15 16 - 20 21 - 30 Over 30
Years
Additional information

THIS PERIOD THIS YEAR
Gross proceeds 250,000.00 250,000.00
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 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 (%) ALLSPRING 0.44 307,893.48 10,099.00 3.28

GOVERNMENT MONEY MARKET
Interest Period 01/01/26 - 01/31/26
Total Cash and Sweep Balances 0.44 $307,893.48 $10,099.00 072 ANCA ANC9
Amount Maturing
77

Page 5 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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 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 L 276,000 99.83 275,536.66 275,630.16 93.50

91.79 253,355.50
Acquired 10/08/24 L 5,275,000 99.83 5,266,541.95 5,267,931.50 1,389.55

94.77 4,999,423.80
Total 7.86 5,551,000 $99.83 $5,542,078.61 99.8660 $5,543,561.66 $1,483.05 N/A N/A N/A $94.62 $5,252,779.30
US TREASURY ^
NOTES
CPN 2.250% DUE 03/31/26
DTD 03/31/19 FC 09/30/19
Moody AA1
CUSIP 9128286L9
Acquired 03/15/23 L 5.66 4,000,000 96.38 3,855,382.00 99.7720 3,990,880.00 135,498.00 30,659.34 90,000 2.25

US TREASURY
NOTES
CPN 3.750% DUE 04/15/26
DTD 04/15/23 FC 10/15/23
Moody AA1
CUSIP 91282CGV7
Acquired 04/02/24 L 2.83 2,000,000 98.53 1,970,772.62 100.0130 2,000,260.00 29,487.38 22,458.79 75,000 3.74

UNITED STATES TREAS SEC

INT PMT BD
DUE 05/15/26
DTD 11/15/96
Moody NR , S&P NR
CUSIP 912833LZ1
Acquired 10/22/24 L 5.97 4,255,000 98.87 4,206,954.30 98.9690 4,211,130.95 4,176.65 N/A N/A N/A

93.98 3,999,109.60
072 ANCA ANC9
88

Page 6 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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 0.750% DUE 08/31/26
DTD 08/31/21 FC 02/28/22
Moody AA1
CUSIP 91282CCW9
Acquired 03/15/23 L 5.58 4,000,000 91.07 3,643,007.00 98.3730 3,934,920.00 291,913.00 12,762.43 30,000 0.76

US TREASURY
NOTES
CPN 2.500% DUE 03/31/27
DTD 03/31/22 FC 09/30/22
Moody AA1
CUSIP 91282CEF4
Acquired 03/15/23 L 5.60 4,000,000 96.45 3,858,132.00 98.8080 3,952,320.00 94,188.00 34,065.94 100,000 2.53

US TREASURY
NOTES
CPN 2.625% DUE 05/31/27
DTD 05/31/22 FC 11/30/22
Moody AA1
CUSIP 91282CET4
Acquired 03/21/24 L 3.14 2,245,000 95.32 2,139,978.18 98.8120 2,218,329.40 78,351.22 10,199.64 58,931 2.65

US TREASURY
NOTES
CPN 3.125% DUE 08/31/27
DTD 08/31/22 FC 02/28/23
Moody AA1
CUSIP 91282CFH9
Acquired 03/15/23 L 2.67 1,894,000 98.59 1,867,461.42 99.3750 1,882,162.50 14,701.08 25,179.21 59,188 3.14

US TREASURY
NOTES
CPN 1.250% DUE 04/30/28
DTD 04/30/21 FC 10/31/21
Moody AA1
CUSIP 91282CBZ3
Acquired 04/02/24 L 4.02 2,985,000 88.91 2,654,128.14 95.0740 2,837,958.90 183,830.76 9,585.81 37,313 1.31 072 ANCA ANC9
99

Page 7 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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 1.375% DUE 12/31/28
DTD 12/31/21 FC 06/30/22
Moody AA1
CUSIP 91282CDP3
Acquired 02/15/24 L 6.75 5,075,000 88.22 4,477,363.89 93.9020 4,765,526.50 288,162.61 6,168.51 69,781 1.46

US TREASURY
NOTES
CPN 2.875% DUE 04/30/29
DTD 04/30/22 FC 10/31/22
Moody AA1
CUSIP 91282CEM9
Acquired 04/30/24 L 2.17 1,565,000 92.50 1,447,763.07 97.6750 1,528,613.75 80,850.68 11,559.17 44,994 2.94

US TREASURY
NOTES
CPN 2.625% DUE 07/31/29
DTD 07/31/22 FC 01/31/23
Moody AA1
CUSIP 91282CFC0
Acquired 03/18/25 S 6.88 5,025,000 94.85 4,766,494.32 96.6210 4,855,205.25 88,710.93 358.44 131,906 2.71

US TREASURY
NOTES
CPN 3.500% DUE 09/30/29
DTD 09/30/24 FC 03/31/25
Moody AA1
CUSIP 91282CLN9
Acquired 09/17/25 S 6.91 4,910,000 100.27 4,923,642.68 99.3630 4,878,723.30 -44,919.38 58,542.31 171,850 3.52 100.30 4,924,890.44

US TREASURY
NOTES
CPN 4.000% DUE 10/31/29
DTD 10/31/22 FC 04/30/23
Moody AA1
CUSIP 91282CFT3
Acquired 11/07/24 L 4.30 3,000,000 99.61 2,988,405.43 101.0420 3,031,260.00 42,854.57 30,828.73 120,000 3.95 072 ANCA ANC9
1010

Page 8 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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 3.500% DUE 01/31/30
DTD 01/31/23 FC 07/31/23
Moody AA1
CUSIP 91282CGJ4
Acquired 02/20/25 S 6.98 4,965,000 96.82 4,807,135.54 99.1990 4,925,230.35 118,094.81 472.22 173,775 3.52

US TREASURY
NOTES
CPN 1.500% DUE 02/15/30
DTD 02/15/20 FC 08/15/20
Moody AA1
CUSIP 912828Z94
Acquired 03/18/25 S 6.96 5,350,000 89.17 4,770,769.19 91.8000 4,911,300.00 140,530.81 37,072.01 80,250 1.63

US TREASURY
NOTES
CPN 4.125% DUE 08/31/30
DTD 08/31/23 FC 02/29/24
Moody AA1
CUSIP 91282CHW4
Acquired 09/17/25 S 6.99 4,864,000 102.58 4,989,862.20 101.4290 4,933,506.56 -56,355.64 85,355.13 200,640 4.06 102.77 4,999,211.02
Total Government Bonds 91.26 65,684,000 $62,909,330.5 $64,400,889.12$1,491,558.53 $375,267.68 $1,443,628 2.24 9 $62,422,783.1
6 ^ Denotes bonds with a maturity date in the next 60 days. Please contact us for further investment opportunities or any assistance. 072 ANCA ANC9
1111

Page 9 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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.

FDIC INSD
CPN 4.450% DUE 02/09/26
DTD 08/07/24 FC 02/07/25
CUSIP 465076UQ8
Acquired 08/05/24 L 0.35 250,000 100.00 250,000.00 100.0160 250,040.00 40.00 5,425.34 11,125 4.44 DOLLAR BANK FSB PA CD ^
PITTSBURGH PA ACT/365

FDIC INSD
CPN 4.000% DUE 02/27/26
DTD 08/28/24 FC 02/28/25
CUSIP 25665QDE2
Acquired 08/20/24 L 0.35 250,000 100.00 250,000.00 100.0120 250,030.00 30.00 4,328.77 10,000 3.99 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 0.28 200,000 100.00 200,000.00 99.6998 199,399.60 -600.40 153.43 4,000 2.00 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 0.35 250,000 100.00 250,000.00 100.1550 250,387.50 387.50 4,452.06 12,500 4.99

BARCLAYS BANK/DELAWAR CD
WILMINGTON DE ACT/365

FDIC INSD
CPN 4.000% DUE 08/28/26
DTD 08/28/24 FC 02/28/25
CUSIP 06740KSW8
Acquired 08/20/24 L 0.35 250,000 100.00 250,000.00 100.0800 250,200.00 200.00 4,301.37 10,000 3.99 072 ANCA ANC9
1212

Page 10 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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 (%)

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 02/28/26 @ 100.000
CUSIP 88241TMC1
Acquired 10/22/21 L 0.35 250,000 100.00 250,000.00 98.0360 245,090.00 -4,910.00 22.60 2,750 1.12

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 0.29 200,000 100.00 200,000.00 100.9520 201,904.00 1,904.00 2,115.61 9,900 4.90

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 0.35 250,000 100.00 250,000.00 97.7940 244,485.00 -5,515.00 189.04 2,875 1.17

CALPRIVATE BANK CD
LA JOLLA CA ACT/365

FDIC INSD
CPN 4.050% DUE 02/16/27
DTD 08/14/24 FC 02/14/25
CUSIP 13135NCY4
Acquired 08/05/24 L 0.36 250,000 100.00 250,000.00 100.2990 250,747.50 747.50 4,743.49 10,125 4.03

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 L 0.36 250,000 100.00 250,000.00 100.8940 252,235.00 2,235.00 4,505.48 11,500 4.55 072 ANCA ANC9
1313

Page 11 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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 (%)

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 L 0.36 250,000 100.00 250,000.00 100.8180 252,045.00 2,045.00 4,099.31 11,250 4.46

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 L 0.36 250,000 100.00 250,000.00 101.0730 252,682.50 2,682.50 1,071.24 11,500 4.55

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 L 0.36 250,000 100.00 250,000.00 101.2730 253,182.50 3,182.50 933.56 11,750 4.64

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 0.34 250,000 100.00 250,000.00 96.6890 241,722.50 -8,277.50 68.50 5,000 2.06

AMERANT BANK NA CD
CORAL GABLES FL ACT/365

FDIC INSD
CPN 4.050% DUE 03/28/28
DTD 03/28/25 FC 09/28/25
CUSIP 02357QCL9
Acquired 03/18/25 S 0.36 250,000 100.00 250,000.00 100.4980 251,245.00 1,245.00 3,495.21 10,125 4.02 072 ANCA ANC9
1414

Page 12 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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 (%)

UNIVEST BANK & TR CO CD
SOUDERTON PA ACT/365

FDIC INSD
CPN 4.300% DUE 02/28/29
DTD 02/28/25 FC 03/28/25
CUSIP 91527PCP0
Acquired 02/20/25 S 0.36 250,000 100.00 250,000.00 101.4150 253,537.50 3,537.50 117.81 10,750 4.24

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 L 0.36 250,000 100.00 250,000.00 102.6800 256,700.00 6,700.00 2,832.88 11,750 4.57

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 L 0.36 250,000 100.00 250,000.00 102.6800 256,700.00 6,700.00 2,832.88 11,750 4.57

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 L 0.36 250,000 100.00 250,000.00 102.5150 256,287.50 6,287.50 2,006.51 11,625 4.53

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 L 0.36 250,000 100.00 250,000.00 102.0610 255,152.50 5,152.50 1,078.77 11,250 4.40 072 ANCA ANC9
1515

Page 13 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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 (%)

MORGAN STANLEY BK NA CD
SALT LAKE CTY UT ACT/365

FDIC INSD
CPN 4.250% DUE 02/26/30
DTD 02/26/25 FC 08/26/25
CUSIP 61690DS33
Acquired 02/20/25 S 0.36 250,000 100.00 250,000.00 101.2570 253,142.50 3,142.50 4,628.43 10,625 4.19 Total Certificates of Deposit 7.34 5,150,000 $5,150,000.00 $5,176,916.10 $26,916.10 $53,402.29 $202,150 3.90 Total Fixed Income Securities 98.60 $68,059,330.5 $69,577,805.22$1,518,474.63 $428,669.97 $1,645,778 2.37 9 $67,572,783.1
6 ^ Denotes Certificate of Deposit with a maturity date in the next 60 days. Please contact us for further investment opportunities or any assistance.

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.

Although retail and government money market funds seek to preserve a net asset value (NAV) of $1.00 per share, in a negative interest rate environment, the fund's net asset value (NAV) may float to the nearest 1/100th of a cent (i.e., $0.9999). When the NAV is floating, the value of your investment will fluctuate and lose value.

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 11/10/25 S nc 107,866.50000 1.00 107,866.50 107,866.50 0.00 Acquired 12/15/25 S nc 572,762.40000 1.00 572,762.40 572,762.40 0.00 Reinvestments S nc 1,492.99000 1.00 1,492.99 1,492.99 0.00 072 ANCA ANC9
1616

Page 14 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
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 0.97 682,121.89000 $1.00 $682,121.89 1.0000 $682,121.89 $0.00 $26,057 3.82 Client Investment (Excluding Reinvestments) $680,628.90 Gain/Loss on Client Investment (Including Reinvestments) $1,492.99 Total Open End Mutual Funds 0.97 $682,121.89 $682,121.89 $0.00 $26,057 3.82 Total Mutual Funds 0.97 $682,121.89 $682,121.89 $0.00 $26,057 3.82 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 01/02 Cash DIVIDEND FIDELITY FUNDS 1,276.58

FIDELITY TREASURY ONLY
PORT INSTL CLASS SHS #
123125 680,845.31000
AS OF 12/31/25
01/05 Cash INTEREST BANK OF AMERICA NA CD 6,306.16
CHARLOTTE NC ACT/365

FDIC INSD
CPN 4.950% DUE 01/05/26
DTD 07/03/24 FC 01/03/25
010526 250,000
CUSIP 06051XFE7
01/05 Cash INTEREST EAGLEMARK SVGS BK CD 5,923.29
CARSON CTY NV ACT/365

FDIC INSD
CPN 4.700% DUE 07/02/27
DTD 07/03/24 FC 01/03/25
010326 250,000
AS OF 1/03/26
CUSIP 27004PFE8
072 ANCA ANC9
1717

Page 15 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
ACCOUNT NUMBER:

Activity detail continued
Income and distributions

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 01/08 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
010826 250,000
CUSIP 90348JX96
01/20 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
011826 200,000
AS OF 1/18/26
CUSIP 99000QQW7
01/27 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
012726 250,000
CUSIP 15118RTH0
01/28 Cash INTEREST UNIVEST BANK & TR CO CD 913.01
SOUDERTON PA ACT/365

FDIC INSD
CPN 4.300% DUE 02/28/29
DTD 02/28/25 FC 03/28/25
012826 250,000
CUSIP 91527PCP0
01/29 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
012926 250,000
CUSIP 88241TMC1
072 ANCA ANC9
1818

Page 16 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
ACCOUNT NUMBER:

Activity detail continued
Income and distributions

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 01/30 Cash DIVIDEND ALLSPRING 731.52

GOVERNMENT MONEY MARKET

SWEEP CLASS
013026 307,161
Prior year Income and distributions: $1276.58
Current year Income and distributions: $15116.11
Total Income and distributions: $16,392.69
# Distribution made in the current year but reported as prior year income according to IRS regulations. This may cause a difference between Cash flow and Income summary totals.

Securities sold and redeemed

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 01/05 Cash REDEMPTION -250,000.00000 BANK OF AMERICA NA CD 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
Total Securities sold and redeemed: $250,000.00
Securities purchased

DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 01/02 Cash REINVEST DIV 1,276.58000 FIDELITY FUNDS -1,276.58

FIDELITY TREASURY ONLY

PORT INSTL CLASS SHS
REINVEST AT 1.000
Total Securities purchased: -$1,276.58
072 ANCA ANC9
1919

Page 17 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
ACCOUNT NUMBER:

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 01/01 BEGINNING BALANCE 42,777.37 01/27 TRANSFER TO ALLSPRING 424.66

GOVERNMENT MONEY MARKET
01/05 TRANSFER TO ALLSPRING 12,229.45 01/28 TRANSFER TO ALLSPRING 913.01

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
01/06 TRANSFER TO ALLSPRING 250,000.00 01/29 TRANSFER TO ALLSPRING 233.56

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
01/08 TRANSFER TO ALLSPRING 244.18 01/30 REINVEST DIV ALLSPRING 731.52

GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
01/21 TRANSFER TO ALLSPRING 339.73 01/31 ENDING BALANCE 307,893.48

GOVERNMENT MONEY MARKET
Bank Deposits Through Teller January 1 - January 31
Wells Fargo Bank, N.A. (Member FDIC) Account number 9091092513 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. Wells Fargo Clearing Services, LLC is not an FDIC-insured depository institution; FDIC deposit insurance only protects against the failure of an insured depository institution. Banking products and services provided by Wells Fargo Bank, N.A. Member FDIC.

DATE TRANSACTION DESCRIPTION AMOUNT BANK BALANCE
01/01 BEGINNING BALANCE $0.00
072 ANCA ANC9
2020

Page 18 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
ACCOUNT NUMBER:

Bank Deposits Through Teller continued

DATE TRANSACTION DESCRIPTION AMOUNT BANK BALANCE
01/31 ENDING BALANCE $0.00
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 BANK OF AMERICA NA CD 250,000.00000 100.0000 06/26/24 01/05/26 250,000.00 250,000.00 0.00 CHARLOTTE NC ACT/365

FDIC INSD
CPN 4.950% DUE 01/05/26
DTD 07/03/24 FC 01/03/25
CUSIP 06051XFE7
Total Long term $250,000.00 $250,000.00 $0.00
072 ANCA ANC9
2121

Page 19 of 19 ends

CITY OF MALIBU

RUTH QUINTO
JANUARY 1, 2026 - JANUARY 31, 2026
ACCOUNT NUMBER:

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
2222
*** THIS PAGE IS INTENTIONALLY LEFT BLANK ***
2323
Portfolio Analysis
Prepared for CITY OF MALIBU
February 02, 2026
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.

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.
© 2025 Wells Fargo
PM-05122027-8596330.1.1
Attachment 2
2424
Table of Contents
Fixed Income Summary 3
Fixed Income Statistics 6
Redemption Distribution Rolling 12 Months 12
Fixed Income Redemption Distribution 14
Estimated Income Summary 17
Important Information 19
CITY OF MALIBU | February 02, 2026
2525
Fixed Income Summary
As of 01/30/2026 for XXXX7847 - CITY OF MALIBU
Security Sub Type
Security sub type Market value % Fxd income
Government Bond 64,400,889 92.60%
Corporate Bond 5,176,916 7.40%
Total $69,577,805 100%
Credit Quality Ratings
Credit quality ratings % Fxd income
Treasury 92.60%
CDs 7.40%
Agency -
AAA -
AA -
A -
BBB -
Below inv grade -
Not rated -
N/A -
Total 100%
Bond Statistics
Statistic Taxable Tax exempt
Weighted avg coupon 2.34% -
Yield at purchase 3.88% -
Yield to maturity 3.62% -
Yield to worst 3.62% -
Weighted avg maturity: 1.83 yrs
Total duration: 2.18 yrs
Estimated Income Annualized
Month Estimated income annualized
02/2026 208,111
03/2026 205,373
04/2026 140,469
05/2026 47,600
06/2026 54,034
07/2026 160,424
08/2026 202,103
09/2026 154,313
10/2026 102,910
11/2026 47,696
12/2026 53,844
01/2027 160,102
Total $1,536,979
Taxable $1,536,979
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 (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 CITY OF MALIBU | February 02, 2026 Page 3 of 21
2626
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: 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.

CITY OF MALIBU | February 02, 2026 Page 4 of 21
2727
Total portfolio value: $70,567,821
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 250,000 245,090
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 - 69,332,715
Total $250,000 $69,577,805
CITY OF MALIBU | February 02, 2026 Page 5 of 21
2828
Fixed Income Statistics
As of 01/30/2026 for XXXX7847 - CITY OF MALIBU
Subtotals and totals are weighted averages based on market value These references may display in the following data table within the column, Description:**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

2.340%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
69,577,805
and
1,519,453
and

3.88%
N/A
and

3.62%
and

3.62%

2.2 and

0.1 2.2
and
100.0%
and

98.6%
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

2.606%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
54,646,197
and
1,485,820
and

3.85%
N/A
and

3.60%
and

3.60%

2.6 and

0.1 2.0
and

78.5%
and

77.4%

US TREASURY/ NOTES/
9128286L9
4,000,000
and
-
and
-
AA1
and
-
and
-

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

99.77 and

96.38 and

96.38 3,990,880
and
135,498
and

3.51%

99.67 and

3.61% M
and

3.61%

0.2 and

0.0 and

5.7%
and

5.7%

US TREASURY/ NOTES/
91282CGV7
2,000,000
and
-
and
-
AA1
and
-
and
-

3.750%
and
Fixed
04/15/26 M
and
-
and
-
100.01
and

98.54 and

98.54 2,000,260
and
29,487
and

4.51%
100.05
and

3.55% M
and

3.55%

0.3 and

0.0 and

2.9%
and

2.8%

US TREASURY/ NOTES/
91282CCW9
4,000,000
and
-
and
-
AA1
and
-
and
-

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

98.37 and

91.08 and

91.08 3,934,920
and
291,913
and

3.52%

98.17 and

3.59% M
and

3.59%

0.6 and

0.0 and

5.7%
and

5.6%

US TREASURY/ NOTES/
91282CEF4
4,000,000
and
-
and
-
AA1
and
-
and
-

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

98.81 and

96.45 and

96.45 3,952,320
and
94,188
and

3.45%

98.76 and

3.53% M
and

3.53%

1.2 and

0.0 and

0.1 and

5.7%
and

5.6%

US TREASURY/ NOTES/
91282CET4
2,245,000
and
-
and
-
AA1
and
-
and
-

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

98.81 and

95.32 and

95.32 2,218,329
and
78,351
and

4.21%

98.80 and

3.50% M
and

3.50%

1.4 and

0.0 and

3.2%
and

3.1%
1,894,000
and
-
and
AA1
and
-
and
08/31/27 M
and
-
and

99.38 and

98.60 and
1,882,163
and
14,701
and

99.42 and

3.48% M
and

0.0 and

2.7%
and

US TREASURY/ NOTES/
91282CFH9

3.125%
and
Fixed

1.6 and

0.0 and
CITY OF MALIBU | February 02, 2026 Page 6 of 21
2929
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
- - - 98.60 3.47% 3.48% 2.7%

US TREASURY/ NOTES/
91282CBZ3
2,985,000
and
-
and
-
AA1
and
-
and
-

1.250%
and
Fixed
04/30/28 M
and
-
and
-

95.07 and

88.92 and

88.92 2,837,959
and
183,831
and

4.24%

95.00 and

3.51% M
and

3.51%

2.3 and

0.1 and

4.1%
and

4.0%

US TREASURY/ NOTES/
91282CDP3
5,075,000
and
-
and
-
AA1
and
-
and
-

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

93.90 and

88.22 and

88.22 4,765,527
and
288,163
and

4.06%

93.89 and

3.54% M
and

3.54%

2.9 and

0.1 and

0.2 and

6.8%
and

6.8%

US TREASURY/ NOTES/
91282CEM9
1,565,000
and
-
and
-
AA1
and
-
and
-

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

97.68 and

92.51 and

92.51 1,528,614
and
80,851
and

4.57%

97.79 and

3.58% M
and

3.58%

3.1 and

0.1 and

2.2%
and

2.2%

US TREASURY/ NOTES/
91282CFC0
5,025,000
and
-
and
-
AA1
and
-
and
-

2.625%
and
Fixed
07/31/29 M
and
-
and
-

96.62 and

94.86 and

94.86 4,855,205
and
88,711
and

3.92%

96.71 and

3.61% M
and

3.61%

3.3 and

0.1 and

0.2 and

7.0%
and

6.9%

US TREASURY/ NOTES/
91282CLN9
4,910,000
and
-
and
-
AA1
and
-
and
-

3.500%
and
Fixed
09/30/29 M
and
-
and
-

99.36 and
100.28
and
100.30
4,878,723
and
-44,929
and

3.42%

99.54 and

3.63% M
and

3.63%

3.4 and

0.1 and

0.2 and

7.0%
and

6.9%

US TREASURY/ NOTES/
91282CFT3
3,000,000
and
-
and
-
AA1
and
-
and
-

4.000%
and
Fixed
10/31/29 M
and
-
and
-
101.04
and

99.61 and

99.61 3,031,260
and
42,855
and

4.09%
101.31
and

3.63% M
and

3.63%

3.5 and

0.1 and

0.2 and

4.4%
and

4.3%

US TREASURY/ NOTES/
91282CGJ4
4,965,000
and
-
and
-
AA1
and
-
and
-

3.500%
and
Fixed
01/31/30 M
and
-
and
-

99.20 and

96.82 and

96.82 4,925,230
and
118,095
and

4.22%

99.42 and

3.65% M
and

3.65%

3.7 and

0.2 and

0.3 and

7.1%
and

7.0%

US TREASURY/ NOTES/
912828Z94
5,350,000
and
-
and
-
AA1
and
-
and
-

1.500%
and
Fixed
02/15/30 M
and
-
and
-

91.80 and

89.17 and

89.17 4,911,300
and
140,531
and

3.95%

91.85 and

3.65% M
and

3.65%

3.9 and

0.2 and

0.3 and

7.1%
and

7.0%

US TREASURY/ NOTES/
91282CHW4
4,864,000
and
-
and
-
AA1
and
-
and
-

4.125%
and
Fixed
08/31/30 M
and
-
and
-
101.43
and
102.59
and
102.78
4,933,507
and
-56,425
and

3.51%
101.76
and

3.71% M
and

3.71%

4.2 and

0.2 and

0.3 and

7.1%
and

7.0%
N/A
and
N/A
and
N/A
and
N/A
and
N/A
and
N/A
and
N/A
and
N/A
and
9,754,693
and
6,716
and
N/A
and

3.64%
and

0.0 and

14.0%
and
Treasury Strip
security type total (category applies to all holdings below) -
and
N/A

0.2 and
-
CITY OF MALIBU | February 02, 2026 Page 7 of 21
3030
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
N/A N/A N/A N/A 4.02% 3.64% 13.8%

US TREAS STRIPS
02/26/ INTEREST PMT/
912833LY4
5,275,000
and
-
and
-
NR
and
NR
and
-

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

99.87 and

99.83 and

94.78 5,267,932
and
1,953
and

4.01%

99.56 and

3.65% M
and

3.65%

0.1 and

0.0 and

7.6%
and

7.5%

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
-

99.87 and

99.82 and

91.79 275,630
and
124
and

4.21%

99.56 and

3.65% M
and

3.65%

0.1 and

0.0 and

0.4%
and

0.4%

UNITED STATES TREAS

SEC/ INT PMT BD/
912833LZ1
4,255,000
and
-
and
-
NR
and
NR
and
-

0.000%
and
-
05/15/26 M
and
-
and
-

98.97 and

98.86 and

93.99 4,211,131
and
4,639
and

4.01%

98.68 and

3.63% M
and

3.63%

0.4 and

0.0 and

6.1%
and

6.0%
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

3.940%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
5,176,916
and
26,916
and

3.94%
N/A
and

3.73%
and

3.73%

1.6 and
-

0.1 and

7.4%
and

7.3%

ISRAEL DISCOUNT BK

OF CD/ NEW YORK NY
ACT/365/ 465076UQ8
250,000
and
-
and
-
-
and
-
and
FDIC

4.450%
and
Fixed
02/09/26 M
and
-
and
-
100.02
and
100.00
and
100.00
250,040
and
40 and

4.45%
100.07
and

3.74% M
and

3.74%

0.1 and

0.0 and

0.4%
and

0.4%

DOLLAR BANK FSB PA

CD/ PITTSBURGH PA
ACT/365/ 25665QDE2
250,000
and
-
and
-
-
and
-
and
FDIC

4.000%
and
Fixed
02/27/26 M
and
-
and
-
100.01
and
100.00
and
100.00
250,030
and
30 and

4.00%
100.03
and

3.77% M
and

3.77%

0.2 and

0.0 and

0.4%
and

0.4%

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
-

99.70 and
100.00
and
100.00
199,400
and
-600
and

2.00%

99.28 and

4.45% M
and

4.45%

0.3 and

0.0 and

0.3%
and

0.3%

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
-
100.16
and
100.00
and
100.00
250,388
and
388
and

5.00%
100.25
and

3.80% M
and

3.80%

0.2 and

0.0 and

0.4%
and

0.4%

BARCLAYS

BANK/DELAWAR CD/

WILMINGTON DE
ACT/365/ 06740KSW8
250,000
and
-
and
-
-
and
-
and
FDIC

4.000%
and
Fixed
08/28/26 M
and
-
and
-
100.08
and
100.00
and
100.00
250,200
and
200
and

4.00%
100.22
and

3.65% M
and

3.65%

0.6 and

0.0 and

0.4%
and

0.4%
TEXAS EXCHANGE BK 250,000
and
-
and

1.100%
and
10/29/26 M
and

98.04 and
245,090
and

97.98 and

0.8 and

0.0 and
CITY OF MALIBU | February 02, 2026 Page 8 of 21
3131
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

SSB CD/ CROWLEY TX
ACT/365/ 88241TMC1
-
and
-
-
and
FDIC
Fixed 02/28/26 P
and
100.00
100.00
and
100.00
-4,910
and

1.10%

3.60% M
and

3.60%

0.0 and

0.4%
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
-
100.95
and
100.00
and
100.00
201,904
and
1,904
and

4.95%
101.21
and

3.52% M
and

3.52%

0.8 and

0.0 and

0.3%
and

0.3%

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
-

97.79 and
100.00
and
100.00
244,485
and
-5,515
and

1.15%

97.76 and

3.60% M
and

3.60%

0.9 and

0.0 and

0.4%
and

0.3%

CALPRIVATE BANK CD/
LA JOLLA CA ACT/365/
13135NCY4
250,000
and
-
and
-
-
and
-
and
FDIC

4.050%
and
Fixed
02/16/27 M
and
-
and
-
100.30
and
100.00
and
100.00
250,748
and
748
and

4.05%
100.49
and

3.59% M
and

3.59%

1.1 and

0.0 and

0.4%
and

0.4%

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
-
100.89
and
100.00
and
100.00
252,235
and
2,235
and

4.60%
101.14
and

3.60% M
and

3.60%

1.1 and

0.0 and

0.4%
and

0.4%

BRADESCO BANK CD/

CORAL GABLES FL
ACT/365/ 10421AAT4
250,000
and
-
and
-
-
and
-
and
FDIC

4.500%
and
Fixed
03/22/27 M
and
-
and
-
100.82
and
100.00
and
100.00
252,045
and
2,045
and

4.50%
101.06
and

3.60% M
and

3.60%

1.2 and

0.0 and

0.4%
and

0.4%

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
-
101.07
and
100.00
and
100.00
252,683
and
2,683
and

4.60%
101.33
and

3.62% M
and

3.62%

1.4 and

0.0 and

0.4%
and

0.4%

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
-
101.27
and
100.00
and
100.00
253,183
and
3,183
and

4.70%
101.50
and

3.66% M
and

3.66%

1.4 and

0.0 and

0.4%
and

0.4%

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
-

96.69 and
100.00
and
100.00
241,723
and
-8,278
and

2.00%

96.74 and

3.71% M
and

3.71%

1.9 and

0.0 and

0.3%
and

0.3%

AMERANT BANK NA

CD/ CORAL GABLES FL
ACT/365/ 02357QCL9
250,000
and
-
and
-
-
and
-
and
FDIC

4.050%
and
Fixed
03/28/28 M
and
-
and
-
100.50
and
100.00
and
100.00
251,245
and
1,245
and

4.05%
100.69
and

3.72% M
and

3.72%

2.1 and

0.1 and

0.0 and

0.4%
and

0.4%
UNIVEST BANK & TR 250,000
and
-
and

4.300%
and
02/28/29 M
and
101.42
and
253,538
and
101.51
and

3.0 and

0.0 and
CITY OF MALIBU | February 02, 2026 Page 9 of 21
3232
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

CO CD/ SOUDERTON
PA ACT/365/
91527PCP0
-
and
-
-
and
FDIC
Fixed -
and
-
100.00
and
100.00
3,538
and

4.30%

3.79% M
and

3.79%

0.1 and

0.4%
and

0.4%

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
-
102.68
and
100.00
and
100.00
256,700
and
6,700
and

4.70%
102.85
and

3.80% M
and

3.80%

3.1 and

0.1 and

0.0 and

0.4%
and

0.4%

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
-
102.68
and
100.00
and
100.00
256,700
and
6,700
and

4.70%
102.85
and

3.80% M
and

3.80%

3.1 and

0.1 and

0.0 and

0.4%
and

0.4%

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
-
102.52
and
100.00
and
100.00
256,288
and
6,288
and

4.65%
102.68
and

3.80% M
and

3.80%

3.1 and

0.1 and

0.0 and

0.4%
and

0.4%

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
-
102.06
and
100.00
and
100.00
255,153
and
5,153
and

4.50%
102.23
and

3.81% M
and

3.81%

3.2 and

0.1 and

0.0 and

0.4%
and

0.4%

MORGAN STANLEY BK

NA CD/ SALT LAKE CTY
UT ACT/365/
61690DS33
250,000
and
-
and
-
-
and
-
and
FDIC

4.250%
and
Fixed
02/26/30 M
and
-
and
-
101.26
and
100.00
and
100.00
253,143
and
3,143
and

4.25%
101.52
and

3.85% M
and

3.85%

3.7 and

0.2 and

0.0 and

0.4%
and

0.4%
Fixed income statistics
total
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A

2.340%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
69,577,805
and
1,519,453
and

3.88%
N/A
and

3.62%
and

3.62%

2.2 and

0.1 2.2
and
100.0%
and

98.6%
Total portfolio value: $70,567,821
**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 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 CITY OF MALIBU | February 02, 2026 Page 10 of 21
3333
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 most recent month-end market price which is used to calculate yields, duration, convexity, etc.

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 | February 02, 2026 Page 11 of 21
3434
Redemption Distribution Rolling 12 Months
As of 01/30/2026 for XXXX7847 - CITY OF MALIBU
Redemption values are stated in thousands ($)
Description
Feb
2026
Mar
2026
Apr
2026
May
2026
Jun
2026
Jul
2026
Aug
2026
Sep
2026
Oct
2026
Nov
2026
Dec
2026
Jan
2027
Total
Principal
Government bond 5,551 4,000 2,000 4,255 - - 4,000 - - - - - 19,806 Certificates of
deposit 500 450 - - - - 250 - 250 200 250 - 1,900
Redemption
distribution
rolling 12 months
total
6,051 4,450 2,000 4,255 - - 4,250 - 250 200 250 - 21,706 Current market value of securities with undefined redemption value: $0 CITY OF MALIBU | February 02, 2026 Page 12 of 21
3535
Total portfolio value: $70,567,821
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 | February 02, 2026 Page 13 of 21
3636
Fixed Income Redemption Distribution: w/Holding(s)
As of 01/30/2026 for XXXX7847 - CITY OF MALIBU
Coupon subtotals and totals are weighted averages based on redemption value Redemption is the date the security is scheduled to be redeemed. These references may display in the following data table within the column, Redemption date: 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.

Description
Redemption
date
Redemption
price ($) Redemption value ($) Coupon
Weighted average
coupon remaining
2026 yearly total (category applies to all holdings below)N/A N/A 21,706,000 1.189% 2.825% ISRAEL DI 4.45% 020926 (CUSIP: 465076UQ8) 02/09/26 M 100.00 250,000 4.450% 2.316% US STRIPS 02/26 INT (CUSIP: 912833LY4) 02/15/26 M 100.00 5,551,000 0.000% 2.521% DOLLAR BANK 4% 022726 (CUSIP: 25665QDE2) 02/27/26 M 100.00 250,000 4.000% 2.318% COMENITY BANK 2% 031826 (CUSIP: 99000QQW7) 03/18/26 M 100.00 200,000 2.000% 2.324% SYNCHRONY BA 5% 032426 (CUSIP: 87165HX21) 03/24/26 M 100.00 250,000 5.000% 2.314% UST NTS 2.25% 033126 (CUSIP: 9128286L9) 03/31/26 M 100.00 4,000,000 2.250% 2.328% UST NTS 3.75% 041526 (CUSIP: 91282CGV7) 04/15/26 M 100.00 2,000,000 3.750% 2.282% UST STRIP 0%5/15/26 INT (CUSIP: 912833LZ1) 05/15/26 M 100.00 4,255,000 0.000% 2.472% BARCLAYS BAN 4% 082826 (CUSIP: 06740KSW8) 08/28/26 M 100.00 250,000 4.000% 2.318% UST NTS .75% 083126 (CUSIP: 91282CCW9) 08/31/26 M 100.00 4,000,000 0.750% 2.418% CITY OF MALIBU | February 02, 2026 Page 14 of 21
3737
Description
Redemption
date
Redemption
price ($) Redemption value ($) Coupon
Weighted average
coupon remaining
TEXAS EXC 1.10% 102926 (CUSIP: 88241TMC1) 10/29/26 M 100.00 250,000 1.100% 2.328% DISCOVER 4.95% 111626 (CUSIP: 254673Z66) 11/16/26 M 100.00 200,000 4.950% 2.316% UBS BANK 1.15% 120826 (CUSIP: 90348JX96) 12/08/26 M 100.00 250,000 1.150% 2.328% 2027 yearly total (category applies to all holdings below)N/A N/A 9,639,000 2.897% 2.233% CALPRIVAT 4.05% 021627 (CUSIP: 13135NCY4) 02/16/27 M 100.00 250,000 4.050% 2.317% VALLEY NAT 4.6% 031127 (CUSIP: 919853KW0) 03/11/27 M 100.00 250,000 4.600% 2.315% BRADESCO B 4.5% 032227 (CUSIP: 10421AAT4) 03/22/27 M 100.00 250,000 4.500% 2.316% UST NTS 2.5% 033127 (CUSIP: 91282CEF4) 03/31/27 M 100.00 4,000,000 2.500% 2.313% UST NTS 2.625% 053127 (CUSIP: 91282CET4) 05/31/27 M 100.00 2,245,000 2.625% 2.314% BNY MELLON 4.6% 060127 (CUSIP: 05584CP59) 06/01/27 M 100.00 250,000 4.600% 2.315% EAGLEMARK 4.7% 070227 (CUSIP: 27004PFE8) 07/02/27 M 100.00 250,000 4.700% 2.315% UST NTS 3.125% 083127 (CUSIP: 91282CFH9) 08/31/27 M 100.00 1,894,000 3.125% 2.301% CELTIC BANK 2% 122727 (CUSIP: 15118RTH0) 12/27/27 M 100.00 250,000 2.000% 2.325% 2028 yearly total (category applies to all holdings below)N/A N/A 8,310,000 1.411% 2.445% AMERANT B 4.05% 032828 (CUSIP: 02357QCL9) 03/28/28 M 100.00 250,000 4.050% 2.317% UST NTS 1.25% 043028 (CUSIP: 91282CBZ3) 04/30/28 M 100.00 2,985,000 1.250% 2.371% UST NTS 1.375% 123128 (CUSIP: 91282CDP3) 12/31/28 M 100.00 5,075,000 1.375% 2.397% 2029 yearly total (category applies to all holdings below)N/A N/A 15,750,000 3.339% 2.033% UNIVEST BA 4.3% 022829 (CUSIP: 91527PCP0) 02/28/29 M 100.00 250,000 4.300% 2.316% UST NTS 2.875% 043029 (CUSIP: 91282CEM9) 04/30/29 M 100.00 1,565,000 2.875% 2.311% BEAL BANK 4.7% 053029 (CUSIP: 07371DR66) 05/30/29 M 100.00 250,000 4.700% 2.315% BEAL BANK 4.7% 053029 (CUSIP: 07371BVU2) 05/30/29 M 100.00 250,000 4.700% 2.315% MORGAN ST 4.65% 053029 (CUSIP: 61768E4J9) 05/30/29 M 100.00 250,000 4.650% 2.315% TOYOTA FIN 4.5% 062829 (CUSIP: 89235MPR6) 06/28/29 M 100.00 250,000 4.500% 2.316% UST NTS 2.625% 073129 (CUSIP: 91282CFC0) 07/31/29 M 100.00 5,025,000 2.625% 2.300% UST NTS 3.5% 093029 (CUSIP: 91282CLN9) 09/30/29 M 100.00 4,910,000 3.500% 2.236% UST NTS 4% 103129 (CUSIP: 91282CFT3) 10/31/29 M 100.00 3,000,000 4.000% 2.249% 2030 yearly total (category applies to all holdings below)N/A N/A 15,429,000 3.016% 2.131% UST NTS 3.5% 013130 (CUSIP: 91282CGJ4) 01/31/30 M 100.00 4,965,000 3.500% 2.235% UST NTS 1.5% 021530 (CUSIP: 912828Z94) 02/15/30 M 100.00 5,350,000 1.500% 2.391% MORGAN ST 4.25% 022630 (CUSIP: 61690DS33) 02/26/30 M 100.00 250,000 4.250% 2.317% UST NTS 4.125% 083130 (CUSIP: 91282CHW4) 08/31/30 M 100.00 4,864,000 4.125% 2.191% 2031 yearly total (category applies to all holdings below)N/A N/A - - - CITY OF MALIBU | February 02, 2026 Page 15 of 21
3838
Description
Redemption
date
Redemption
price ($) Redemption value ($) Coupon
Weighted average
coupon remaining
2032 yearly total (category applies to all holdings below)N/A N/A - - - 2033 yearly total (category applies to all holdings below)N/A N/A - - - 2034 yearly total (category applies to all holdings below)N/A N/A - - - 2035 yearly total (category applies to all holdings below)N/A N/A - - - 2036 yearly total (category applies to all holdings below)N/A N/A - - - 2037 yearly total (category applies to all holdings below)N/A N/A - - - 2038 yearly total (category applies to all holdings below)N/A N/A - - - 2039 yearly total (category applies to all holdings below)N/A N/A - - - 2040 yearly total (category applies to all holdings below)N/A N/A - - - 2041 yearly total (category applies to all holdings below)N/A N/A - - - 2042 yearly total (category applies to all holdings below)N/A N/A - - - 2043 yearly total (category applies to all holdings below)N/A N/A - - - 2044 yearly total (category applies to all holdings below)N/A N/A - - - 2045 yearly total (category applies to all holdings below)N/A N/A - - - 2046 or later
period total (category applies to all the years below)
N/A N/A 0 N/A N/A
2046 yearly total (category applies to all holdings below)N/A N/A - - - Perpetual
period total (category applies to all holdings below)

N/A N/A - - -
Fixed income redemption distribution total N/A N/A 70,834,000 2.323% 0.000% Redemption value (remaining principal) of mortgage backed securities: $0 Market value of securities with undefined redemption value: $0 This report shows the schedule of principal payments of securities calculated as of the date of the report. Payments are not guaranteed. Unforeseen events could occur which could cause the estimated principal payments to differ from stated values. Bonds in default will not display a redemption value. The redemption value applies the redemption price to the remaining principal or the number of shares.

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

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

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

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.

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%.

CITY OF MALIBU | February 02, 2026 Page 16 of 21
3939
Estimated Income Summary
As of 01/30/2026 for XXXX7847 - CITY OF MALIBU
Description
Feb
2026
Mar
2026
Apr
2026
May
2026
Jun
2026
Jul
2026
Aug
2026
Sep
2026
Oct
2026
Nov
2026
Dec
2026
Jan
2027
Annualized
Estimated
income ($)
Tax exempt accounts total 210,282 207,544 142,640 49,771 56,205 162,596 204,274 156,485 105,081 49,868 56,016 162,273 1,563,036 Taxable
income type total(category applies to security types below) 25,243 26,619 3,987 20,305 21,315 9,755 19,236 20,560 3,928 20,402 21,125 9,432 201,908 Money market fund 2,171 2,171 2,171 2,171 2,171 2,171 2,171 2,171 2,171 2,171 2,171 2,171 26,057 Certificates of deposit 23,072 24,448 1,815 18,134 19,143 7,584 17,064 18,388 1,757 18,230 18,954 7,261 175,851 Federal
income type total(category applies to security types below) 185,039 180,925 138,653 29,466 34,891 152,841 185,039 135,925 101,153 29,466 34,891 152,841 1,361,128 Government bond 185,039 180,925 138,653 29,466 34,891 152,841 185,039 135,925 101,153 29,466 34,891 152,841 1,361,128 Unassigned total N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not available
income type total(category applies to security types below)

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Cash alternative N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Estimated income total 210,282 207,544 142,640 49,771 56,205 162,596 204,274 156,485 105,081 49,868 56,016 162,273 1,563,036 CITY OF MALIBU | February 02, 2026 Page 17 of 21
4040
Total Portfolio Value: $70,567,821
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 | February 02, 2026 Page 18 of 21
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Important Information
Accounts Included:

These references may display in the following internal or external account lists, as applicable, at the end of the account number: Use of the "P" footnote will indicate it is included in the performance information within the report, Use of the "E" footnote will indicate it is included in your eMoney plan summary, use of the "A" footnote will indicate an account aggregated within the report.

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

This Account listing represents a portfolio of assets and/or liabilities owned by you based on our records of transactions processed through us or supplemental information supplied by you. The information contained in this report may not reflect all holdings or transactions, their costs, or proceeds in your household. Any assets and liabilities you currently hold away from our Firm may not be covered by SIPC.

Transactions requiring tax consideration should be reviewed carefully with your accountant or tax advisor. Unless otherwise indicated, market prices are only indications of market values, are subject to change, and may not reflect the value at which securities could be sold.

This report is not the official record of your account. However, it has been prepared to assist you in understanding your investments and is for informational purposes only. Your account statements and/or trade confirms are considered the official and accurate records of your account activity. Therefore, if there are any discrepancies between this report and your statements and/or trade confirms, you should rely on your statements and/or trade confirms.

For a complete list of accounts used in this report or if you have more questions related to this report, please contact your dedicated investment professional.

Certain assets are excluded from performance calculations. Selected annuities, mutual funds held outside the firm, precious metals, coins, bullion, or any assets subject to tax-withholdings (TEFRA) are among the assets not included in values or performance calculations. Additionally, thinly traded or non-publicly traded securities, private assets and other types of assets that do not have a readily ascertainable market value, including but not limited to loan assets, real estate, closely held interests, and oil, gas, and mineral interests are not included in performance calculations and may not be included in market values.

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. Please note accruals are not included in performance calculations for most mutual funds and non-performance market values.

Where your account holds alternative investments, the alternative investment valuations used to calculate the investment performance presented in this report are based on valuation reporting we receive from fund sponsors. In certain instances, the most recent valuations provided by fund sponsors may be delayed by as much as six months or more and may not reflect distributions made over the prior six-plus months. As a result, the performance returns shown may be based on stale valuations and may be higher or lower than performance returns based on current valuations.

As such, if you own alternative investments, the account level and alternatives performance presented in this report may not reflect the current value of your holdings. Please refer to the statement provided by the applicable alternative fund sponsor for the most up-to-date valuation of holdings.

Asset Classification
Asset Classes for mutual funds, variable annuities and exchange-traded funds are derived from Morningstar Categories. Underlying holdings classification provided by Morningstar. ©2025 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.

CITY OF MALIBU | February 02, 2026 Page 19 of 21
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Account Return Methodology
Account returns are annualized for time periods greater than one year. This performance presented is past performance, which is not a guarantee of future results; current performance may be lower or higher than the performance quoted. The investment return and principal value will fluctuate so that an investor’s units, when redeemed, may be worth more or less than their original cost.

Net Time Weighted rates of return are independent of the timing and 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.

Gross Performance represents returns before the deduction of any investment management fees. Actual performance in your account will be less. For more information, please contact your advisor who can provide you with account performance both gross of and net of fees.

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 CITY OF MALIBU | February 02, 2026 Page 20 of 21
4343
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 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 | February 02, 2026 Page 21 of 21
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Page 1 of 2 ends

Agenda Item # 1.B.6.

Council Agenda Report
To: Mayor Silverstein and the Honorable Members of the City Council Prepared by: Brandie Ayala, Senior Management Analyst
Reviewed by: Tatiana Holden, Interim Public Works Director/Assistant City Engineer Approved by: Rob DuBoux, Interim City Manager
Date prepared: January 26, 2026 Meeting date: March 9, 2026 Subject: Amendment to Agreement with Burns-Pacific Construction, Inc.

RECOMMENDED ACTION: Authorize the Mayor to execute Amendment No. 1 to Agreement with Burns-Pacific Construction, Inc. to adjust the contract’s labor, equipment and rental rates.

FISCAL IMPACT: No additional appropriation is required. Budget adjustments were included as part of the City’s mid-year budget adjustments. Funding for this agreement is included in the Adopted Budget for FY 2025-26 in Account Nos. 100-3001-5120 (Street Maintenance), 100-3001-5120-02 (Street Maintenance – Summer), 100-3001-5123 (Storm Response), 100-3001-5123-01 (Storm Drain System Maintenance), 100-3001- 5127 (Weed Abatement), 100-3001-6160 (Operating Supplies) and 100-3001-7800 (Equipment).

Budget Item FY2025-26
Adopted Budget
FY2025-26
Amended Budget
Routine Maintenance $1,375,000 $1,662,000
Routine Maintenance – Summer $50,000 $50,000
Storm Response $250,000 $1,250,000
Storm Drain System Maintenance $135,700 $135,700
Weed Abatement $236,000 $291,000
Operating Supplies $40,000 $40,000
Equipment $118,500 $125,000
City Council Meeting
03-09-26
Item

1.B.6.
1

Page 2 of 2 ends

Agenda Item # 1.B.6.

STRATEGIC PLAN IMPLEMENTATION: N/A.

DISCUSSION: On September 23, 2024, the City Council authorized the Mayor to execute an agreement with Burns-Pacific Construction, Inc. (Burns) for annual street maintenance services. These services include pavement repairs, weed abatement, crack sealing, street sign installation, emergency storm response, sidewalk maintenance, storm drain system repairs and cleaning, and other routine maintenance work. These tasks are vital to prolong the lifespan of the City’s infrastructure. Due to the level of effort and diversity of tasks to be done, the City contracts for these services.

The Routine Street Maintenance Services agreement provides various street maintenance services to the City to operate the City’s Street Maintenance Program. The agreement also includes a requirement that the contractor provides a storage area for City street maintenance supplies and materials, provide 24-hour response during emergencies and storm events which include heavy equipment as needed.

Burns utilizes a labor force that uses prevailing wages and as such their labor rates were adjusted after the City entered into the agreement. Staff is requesting the City Council authorize the Mayor to execute Amendment No. 1 to update labor, equipment and rental rates.

ATTACHMENTS:

Amendment No. 1 to Agreement with Burns-Pacific Construction, Inc. 2 AMENDMENT NO. 1 TO AGREEMENT
THIS AMENDMENT NO. 1 TO AGREEMENT is made and entered into on February 23, 2026, by and between the CITY OF MALIBU, a municipal corporation, hereinafter referred to as "City", and BurnsPacific Construction, a California corporation, hereinafter referred to as "Consultant". City and Consultant are each a "Party" and collectively, the "Parties".

The City and the Consultant agree as follows:

RECITALS
A. On September 23, 2024, the City entered into an Agreement with Consultant for annual street maintenance services (the "Agreement").

B. The Paities desires to amend the Agreement to include updated labor and equipment rates, and Consultant has submitted a proposal for this purpose that is acceptable to the City.

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

I. Section 4.0 - Compensation for Services, of the Agreement, is hereby amended as set fo1th in Exhibit B attached hereto and effective July I, 2025.

2. The Pa1ties 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. 1 remain in full force and effect.

This Agreement is executed on _________ , at Malibu, California, and effective as of July 1, 2025.

ATTEST:

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

TREVOR RUSIN, Interim City Attorney
CITY OF MALIBU:

BRUCE SILVERSTEIN, Mayor
CONSULTANT:

BURNS-PACIFIC CONSTRUCTION,
a California corporation
'
#�£/ �· By: MichaelMorcfga
Title: President
3 BURNS PACIFIC CONSTRUCTION
2025 LABOR / EQUIPMENT RATES AND YARD RENTAL

CITY OF MALIBU
LABOR EFF. 07/01/25 PER HR./DAY

FOREMAN
Straight Time $ 132.84 Hr.

Overtime $ 170.12 Hr.

Sunday/Holiday $ 207.41 Hr.

OPERATOR
Straight Time $ 130.61 Hr.

Overtime $ 167.90 Hr.

Sunday/Holiday $ 205.18 Hr.

TRUCK DRIVER
Straight Time $ 100.45 Hr.

Overtime $ 123.26 Hr.

Sunday/Holiday $ 146.08 Hr.

LABORER
Straight Time $ 98.68 Hr.

Overtime $ 124.05 Hr.

Sunday/Holiday $ 153.55 Hr.

LABOR - BRUSH CLEARANCE
Straight Time $ 98.68 Hr.

Overtime $ 124.05 Hr.

Sunday/Holiday $ 153.55 Hr.

LABORER
Straight Time $ 53.05 Hr.

Overtime $ 73.08 Hr.

Sunday/Holiday $ 93.11 Hr.

EQUIPMENT
TRUCKS
Pickup Trucks (Up to 12,000 GVW) $ 26.00 Hr.

Flatbed Trucks (12,000 - 20,000 GVW) $ 42.00 Hr.

Crew Trucks w/Tools (12,000 - 20,000 GVW) $ 42.00 Hr.

C-20 | Chevrolet 350 Flatbed Utility / Dump Truck $ 53.00 Hr.

P-9 | Ford 2-axle Manlift Bucket Truck (Tree Trimming) $ 47.00 Hr.

DUMP TRUCKS
T-28 | Ford S-DTY F-550 Dump/Plow Truck $ 63.00 Hr.

T-29 | Peterbilt 3-axle Dump Truck $ 55.00 Hr.

T-30 | Ford F-550 Dump/Plow Truck $ 63.00 Hr.

WATER TRUCKS
W-11 | Freightliner 2000 Gal. Water Truck $ 42.00 Hr.

ROCK BLADE TRUCKS
BT-28|BT-30| 2-axle 4-Wheel Drive Dump Truck with Rock Blade $ 95.00 Hr.

FOREMAN (Leadman) Union will not let us use anyone but Journeyman with apprentices.

City of Malibu 2025 Rates Page 1 of 2

EXHIBIT B - COMPENSATION RATE SCHEDULE
4 TRANSPORT TRUCKS AND TRAILERS TO MOVE EQUIPMENT
T-32 | Peterbilt 3-axle Tractor / 2-axle Lowbed Trailer $ 63.00 Hr.

TRLR-11 | Kaufman Utility Trailer $ 30.00 Hr.

BPC | Utility Trailer $ 21.00 Hr.

SKIPLOADERS
S-7 | New Holland LV 80 Skiploader $ 47.00 Hr.

S-9 | J.D. 210LE Siploader $ 47.00 Hr.

BACKHOES: B-8 | B-10 | B-11
CAT 420F2 Tier 4 4x4 Backhoe $ 65.00 Hr.
1500 lb. Breaker for Backhoe $ 300.00 Day

SKID STEER LOADERS
L-12 | CAT 299D2 Compact Track Loader (Skid Steer) $ 95.00 Hr.

L-13 | Bobcat 763 Rubber Tire Skid Steer $ 63.00 Hr.

Breaker Attachment for Bobcat $ 168.00 Day
Broom Attachment for CAT 299D2 $ 125.00 Day
Cold Planer Attachment for Bobcat (299D) $ 400.00 Day

RUBBER TIRE LOADERS
L-6 | CAT 962M Loader $ 116.00 Hr.

EXCAVATORS
E-11 | CAT 305.5E2 Excavator $ 84.00 Hr.

DOZERS
D-7 | J.D. 550J Dozer w/Slopeboard & Rippers $ 84.00 Hr.

COMPACTORS
CP-2 | CAT CP433E Compactor $ 147.00 Hr.

SPECIALTY EQUIPMENT
PW-1 | High-pressure Hot/Cold Mobile Washer (Graffitti Removal) $ 210.00 Day R-1 | Dbl-smooth Drum Vibratory Roller (Pavement Repairs) $ 26.00 Hr.

SMALL TOOLS: 4 HR. MINIMUM
Vibratory Plate Compactor $ 27.00 Hr.

Jumping Jack Compactor $ 27.00 Hr.
180 CFM Air Compressor w/90# Hammer Package $ 53.00 Hr.

Air Compressor Only $ 48.00 Hr.

Arrow Board $ 10.00 Hr.

Chainsaw - 18" or 24" $ 25.00 Hr.

Concrete/Asphalt Saw $ 26.00 Hr.

Dry sidewalk grinder package $ 6.00 Hr.

Roto Hammer $ 95.00 Day
Trench Plate 8 x 6 $ 11.00 Day
Trench Plate 6 x 10 $ 16.00 Day
2" Water Pump $ 168.00 Day
4" Trash Pump $ 231.00 Day

MAINTENANCE YARD
Monthly Rent 04/01/25 - 03/31/26 * $ 8,250.00 Mo.
*Potential increase on 04/01/26 of 10% to 15% which is projected.

City of Malibu 2025 Rates Page 2 of 2
Subcontractors and materials shall be marked up at 15%
5

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Agenda Item # 1.B.7.

Council Agenda Report
To: Mayor Silverstein and the Honorable Members of the City Council Prepared by: Kelsey Pettijohn, City Clerk
Approved by: Rob DuBoux, Interim City Manager
Date prepared: February 19, 2026 Meeting date: March 9, 2026 Subject: Resolution Extending the Declaration of the Existence of a Local Emergency Regarding Conditions on Pacific Coast Highway (PCH) RECOMMENDED ACTION: Adopt Resolution No. 26-11 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 PLAN IMPLEMENTATION: This item supports the City’s 2025 Strategic Plan Goal 1 - Support Community Rebuilding and Long-Term Recovery.

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 January 12, 2026.

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- 55 miles per hour in the City. Excessive speeding, reckless driving, unsafe U-turns, and City Council Meeting
03-09-26
Item

1.B.7.
1

Page 2 of 3 ends

Agenda Item # 1.B.7.
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. Most 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 the most recent tragedy 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 reached that the risk is just too great. The status quo is no longer acceptable, and action must be taken to mitigate this local emergency.

Safety on PCH is a problem that the City cannot address and fix alone. It will need to work with Caltrans to make changes to PCH itself. 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.

Furthermore, 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. Given its enforcement jurisdiction over PCH, the City can also work through the LASD to address vehicle code violations and related enforcement action. To effectively effect change, the City must 2

Page 3 of 3 ends

Agenda Item # 1.B.7.
coordinate 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 recommend adopting Resolution No. 25-47 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.

ATTACHMENTS: Resolution No. 26-11
3 RESOLUTION NO. 26-11

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 4 Attachment 1
Resolution No. 26-11

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_____________________
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 four 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 2.56.070(C), 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.
5 Resolution No. 26-11

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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 ___ day of ______.
_____________________________
BRUCE SILVERSTEIN, Mayor
ATTEST:
__________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO FORM:
__________________________________
TREVOR RUSIN, Interim City Attorney
6

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Agenda Item # 1.B.8.

FISCAL IMPACT: There is no fiscal impact associated with the recommended action. The existence of the local emergency will potentially help qualify the City and its residents for reimbursement for certain disaster response expenditures.

STRATEGIC PLAN IMPLEMENTATION: This item supports the City’s 2025 Strategic Plan Goal 1 - Support Community Rebuilding and Long-Term Recovery.

DISCUSSION: On December 9, 2024, the Franklin Fire started in the Santa Monica Mountains on Malibu Canyon Road, south of Piuma Road. The fire combined with high winds and power outages to create conditions of extreme peril to the safety of persons and property. The Acting Director of Emergency Services (Assistant City Manager) proclaimed the existence of a local emergency on December 10, 2024.

On December 16, 2024, the City Council held a Special Meeting and adopted Resolution No. 24-64, confirming the existence of a local emergency and ratifying the Proclamation of Existence of a Local Emergency.

Areas affected by disasters frequently become targets of criminal activity, including the burglary of uninhabited homes and businesses due to damage and the theft of building materials during the reconstruction process. Malibu is a particular target for these activities since the Franklin Fire and the Palisades Fire.

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Agenda Item # 1.B.8.

The fire caused disruptions to Malibu’s commercial activity, including brief access restrictions and reduced customer traffic. The City finds that supporting those affected remains important to maintaining local economic stability. Providing general recovery assistance and flexible, temporary measures will help ensure that any businesses experiencing fire-related setbacks can resume normal operations.

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 recommend adopting Resolution No. 26-12 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.

ATTACHMENTS: Resolution No. 26-12
2 RESOLUTION NO. 26-12

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MALIBU

EXTENDING THE DECLARATION OF THE EXISTENCE OF A LOCAL

EMERGENCY IN RESPONSE TO THE FRANKLIN FIRE
The City Council of the City of Malibu does hereby find, order and resolve as follows:

SECTION 1. Recitals.

A. On December 9, 2024, the Franklin Fire started in the Santa Monica Mountains on Malibu Canyon Road, south of Piuma Road. The fire combined with high winds and power outages created conditions of extreme peril to the safety of persons and property.

B. The Acting Director of Emergency Services of the City proclaimed the existence of a local emergency on December 10, 2024.

C. On December 16, 2024, the City Council adopted Resolution No. 24-64, confirming the existence of a local emergency and ratifying the Proclamation of Existence of a Local Emergency.

D. On January 27, 2025, the City Council adopted Resolution No. 25-05, extending the declaration of the existence of a local emergency in response to the Franklin Fire.

E. On March 24, 2025, the City Council adopted Resolution No. 25-14, extending the declaration of the existence of a local emergency in response to the Franklin Fire.

F. On May 21, 2025, the City Council adopted Resolution No. 25-18, extending the declaration of the existence of a local emergency in response to the Franklin Fire.

G. On June 23, 2025, the City Council adopted Resolution No. 25-36, extending the declaration of the existence of a local emergency in response to the Franklin Fire.

H. On August 11, 2025, the City Council adopted Resolution No. 25-44, extending the declaration of the existence of a local emergency in response to the Franklin Fire.

I. On September 29, 2025, the City Council adopted Resolution No. 25-46, extending the declaration of the existence of a local emergency in response to the Franklin Fire.

J. Areas affected by disasters frequently become targets of criminal activity, including the burglary of uninhabited homes and businesses due to damage and the theft of building materials during the reconstruction process. Malibu is a particular target for these activities since the Franklin Fire and the Palisades Fire.

Attachment 1
3 Resolution No. 26-12

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K. The fire caused disruptions to Malibu’s commercial activity, including brief access restrictions and reduced customer traffic. The City finds that supporting those affected remains important to maintaining local economic stability. Providing general recovery assistance and flexible, temporary measures will help ensure that any businesses experiencing fire-related setbacks can resume normal operations.

SECTION 2. The City Council has reviewed the staff report and conditions justifying the state of local emergency in the City and finds that the declaration of a local emergency remains valid and necessary due to the on-going cleanup and rebuilding efforts coupled with the imminent threat of rain and mudslides. Such conditions result in extreme peril to the safety of persons and property located in the City.

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 ____ day of _____.
_____________________________
BRUCE SILVERSTEIN, Mayor
ATTEST:
__________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO FORM:
__________________________________
TREVOR RUSIN, Interim City Attorney
4

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Agenda Item # 1.B.9.

STRATEGIC PLAN IMPLEMENTATION: This item supports the City’s 2025 Strategic Plan Goal 1 - Support Community Rebuilding and Long-Term Recovery.

DISCUSSION: On January 7, 2025, the Palisades Fire started in or around Pacific Palisades and was driven into City limits by a historic Santa Ana Wind event causing hurricane-strength winds in neighboring areas and the City. The strong Santa Ana Winds have created difficulties mitigating the fire and impaired the ability of airborne fire-fighting.

The fire combined with high winds and power outages created conditions of extreme peril to the safety of persons and property
On January 14, 2025, the City Council adopted Resolution No. 25-01, confirming the existence of a local emergency and ratifying the Proclamation of Existence of a Local Emergency.

On May 23, 2025, Pacific Coast Highway was opened to the public, and the California National Guard demobilized, leaving fire-impacted neighborhoods vulnerable as an influx of visitors began entering the city. Areas affected by disasters frequently become targets City Council Meeting
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Agenda Item # 1.B.9.
of criminal activity, including the burglary of uninhabited homes and businesses due to damage and the theft of building materials during the reconstruction process.

The fire caused extensive damage to drainage systems in the Big Rock Mesa Landslide Maintenance District, which are still being repaired.

The fire caused major disruptions to Malibu’s commercial areas, with many businesses experiencing temporary closures, reduced access, severe revenue losses, and some being completely devastated. Because local businesses provide essential services, jobs, and economic stability, the City finds that supporting their recovery is critical. Providing targeted assistance, such as small business grant funding, coordination with state and federal resources, and other temporary relief measures is needed to help affected businesses reopen, rebuild, and recover Malibu’s local economy.

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. 26-13 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.

ATTACHMENTS: Resolution No. 26-13

2 RESOLUTION NO. 26-13

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MALIBU

EXTENDING THE DECLARATION OF THE EXISTENCE OF A LOCAL

EMERGENCY IN RESPONSE TO THE PALISADES FIRE
The City Council of the City of Malibu does hereby find, order and resolve as follows:

SECTION 1. Recitals.

A. On January 7, 2025, the Palisades Fire started in or around Pacific Palisades and was driven into City limits by a historic Santa Ana Wind event causing hurricane-strength winds in neighboring areas and the City. The strong Santa Ana Winds created difficulties mitigating the fire and impaired the ability of airborne fire-fighting. The fire combined with high winds and power outages created conditions of extreme peril to the safety of persons and property.

B. The Acting Director of Emergency Services of the City proclaimed the existence of a local emergency on January 8, 2025.

C. On January 14, 2025, the City Council adopted Resolution No. 25-01, confirming the existence of a local emergency and ratifying the Proclamation of Existence of a Local Emergency.

D. On March 10, 2025, the City Council adopted Resolution No. 25-09, extending the declaration of the existence of a local emergency in response to the Palisades Fire.

E. On April 28, 2025, the City Council adopted Resolution No. 25-16, extending the declaration of the existence of a local emergency in response to the Palisades Fire.

F. On June 23, 2025, the City Council adopted Resolution No. 25-34, extending the declaration of the existence of a local emergency in response to the Palisades Fire.

G. On August 11, 2025, the City Council adopted Resolution No. 25-43, extending the declaration of the existence of a local emergency in response to the Palisades Fire.

H. On September 29, 2025, the City Council adopted Resolution No. 25-48, extending the declaration of the existence of a local emergency in response to the Palisades Fire.

I. On May 23, 2025, Pacific Coast Highway was opened to the public, and the California National Guard demobilized, leaving fire-impacted neighborhoods vulnerable as an influx of visitors began entering the city. Areas affected by disasters frequently become targets of criminal activity, including the burglary of uninhabited homes and businesses due to damage and the theft of building materials during the reconstruction process.

J. The fire caused extensive damage to drainage systems in the Big Rock Mesa Landslide Maintenance District, which are still being repaired.

K. The fire caused major disruptions to Malibu’s commercial areas, with many businesses experiencing temporary closures, reduced access, severe revenue losses, and some 3 Resolution No. 26-13

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being completely devastated. Because local businesses provide essential services, jobs, and economic stability, the City finds that supporting their recovery is critical. Providing targeted assistance, such as small business grant funding, coordination with state and federal resources, and other temporary relief measures is needed to help affected businesses reopen, rebuild, and recover Malibu’s local economy.

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 ____ day of ______ 2026. _____________________________
BRUCE SILVERSTEIN, Mayor
ATTEST:
__________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO FORM:
________________________________
TREVOR RUSIN, Interim City Attorney
4

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Agenda Item # 1.B.10.

Council Agenda Report
To: Mayor Silverstein and the Honorable Members of the City Council Prepared by: Nicholas Sanchez, Interim Management Analyst Reviewed by: Greg Kajszo, Assistant to the City Manager Approved by: Joesph D. Irvin, City Manager
Date prepared: March 2, 2026 Meeting date: March 9, 2026 Subject: Senate Bill (SB) 1352 Property taxation: newly constructed:
reconstructed property - SUPPORT
RECOMMENDED ACTION: Authorize the Mayor to send a letter of support for Senate Bill 1352 (Valladares), which would clarify that post-disaster rebuilding up to 110% of a home’s original size will not trigger a property tax reassessment, allowing homeowners to restore damaged structures without higher taxes.

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

STRATEGIC PRIORITY: This item was not included in the Adopted FY 2025-26 Strategic Priority Project List.

DISCUSSION: SB 1352 clarifies property tax rules for homeowners rebuilding after a disaster by defining “substantially equivalent” reconstruction to include homes rebuilt up to 110% of their previous size without triggering reassessment. Under current law, reconstruction after a wildfire is exempt from reassessment only if the replacement structure is substantially equivalent to the original; however, the statute does not specify what qualifies as substantially equivalent, leading to inconsistent interpretations across counties.

For Malibu residents rebuilding after the Palisades Fire, the lack of a clear definition creates uncertainty and the potential for unexpected property tax increases if reconstruction modestly exceeds the prior footprint. SB 1352 would align property tax rules with California’s post-disaster rebuilding practices by explicitly allowing up to a 10% increase in size – footprint or improvements – while preserving the original tax base value.

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Agenda Item # 1.B.10.

This ensures that homeowners who reconstruct in good faith after wildfire damage are not penalized with higher property taxes solely because minor dimensional changes were necessary to meet modern building codes, safety standards, or site constraints.

This bill applies to disasters occurring on or after January 1, 2025, and would provide meaningful financial stability to Malibu homeowners navigating lengthy and costly rebuilding processes. Staff notes that this clarification would help prevent reassessment disputes, reduce administrative burden for local tax officials, and offer predictable tax treatment for disaster-affected residents.

ATTACHMENTS:

1. Draft Letter of Support

2. SB 1352 Bill

3. California Strategies & Advocacy Summary
2 March 9, 2026
[Chair]
[Committee]
California State Capitol
Sacramento, CA 95814
RE: City of Malibu Support for SB 1352 (Valladares) – Property taxation - as Amended on February 20, 2026
Honorable [Chair Assemblymember], [Vice Chair Assemblymember], and Members of the Assembly [Committee],
As Mayor of the City of Malibu, I write to offer our full support for Senate Bill 1352, authored by Senator Valladares. This legislation offers a practical and timely solution to a critical issue faced by residents rebuilding after catastrophic wildfires and other disasters.

Under existing law, properties damaged or destroyed by misfortune or calamity may be reconstructed without triggering reassessment so long as the rebuilt structure is “substantially equivalent” to the original. However, the term “substantially equivalent" has never been clearly defined in statute, creating inconsistent interpretations among county assessors and significant uncertainty for property owners attempting to rebuild safely, compliantly, and within modern building standards.

SB 1352 resolves this ambiguity by specifying that a reconstructed home may increase up to 110% of its prior size and still retain its original base-year value. This clarification is both practical and necessary. By establishing a consistent statewide definition of “substantially equivalent,” SB 1352 strengthens California’s disaster-recovery framework, reduces administrative confusion, and aligns tax policy with real-world rebuilding needs. This legislation represents a thoughtful and equitable solution for fire-impacted communities throughout the state.

In communities like Malibu, where rebuilding after wildfire almost always requires modifications to meet current rebuilding codes, fire-hardening requirements, and site conditions, small dimensional increases are often unavoidable. The City of Malibu has witnessed firsthand how prolonged rebuilding timelines, rising construction costs, and insurance challenges compound the trauma of wildfire recovery. SB 1352 brings fairness, predictability, and compassion to this process by ensuring that survivors who rebuild responsibly are not penalized simply because their reconstructed homes differ slightly in size as a result of mandatory safety upgrades.
3 The bill provides critical stability for Malibu homeowners by ensuring that modest, code-driven rebuilding adjustments do not trigger unexpected or financially burdensome tax reassessments. It allows Malibu families to focus on recovery with confidence and clarity.

For these reasons, the City of Malibu is pleased to support SB 1352 and respectfully urges its passage.

Thank you for your leadership and your commitment to communities recovering from disaster.

Sincerely,
Bruce Silverstein, Mayor
City of Malibu
cc: Steve Urhing, Mayor Pro Tem
Marianne Riggins, Councilmember
Doug Stewart, Councilmember
Haylynn Conrad, Councilmember
Ben Allen, Senator, 24th District
Jacqui Irwin, Assemblymember, 42nd District
4 SHARE THIS: Date Published: 02/20/2026 09:00 PM
SENATE BILL NO. 1352
SB-1352 Property taxation: newly constructed: reconstructed property. (2025-2026) CALIFORNIA LEGISLATURE— 2025–2026 REGULAR SESSION
Introduced by Senator Valladares
February 20, 2026
An act to amend Section 70 of the Revenue and Taxation Code, relating to taxation.

LEGISLATIVE COUNSEL'S DIGEST
SB 1352, as introduced, Valladares. Property taxation: newly constructed: reconstructed property.

The California Constitution generally limits ad valorem taxes on real property to 1% of the full cash value of that property. For purposes of this limitation, “full cash value” is defined as the assessor’s valuation of real property as shown on the 1975–76 tax bill under “full cash value” or, thereafter, the appraised value of that real property when purchased, newly constructed, or a change in ownership has occurred. Existing property tax law defines “newly constructed” and “new construction” to mean any addition to real property since the last lien date and any alteration of land or of any improvement since the last lien date that constitutes a major rehabilitation thereof or that converts the property to a different use. Existing property tax law, in the case of real property that has been damaged or destroyed by misfortune or calamity, excludes from the definition of “newly constructed” and “new construction” any timely reconstruction of the real property, or portion thereof, where the property after reconstruction is substantially equivalent to the property prior to damage or destruction.

This bill would define “substantially equivalent” for these purposes to include when the size of the improvement after reconstruction does not exceed 110% of the size of the improvement before damage or destruction. The bill would apply this change to lien dates occurring on or after January 1, 2025, for real property that serves as replacement property for property that was damaged or destroyed by misfortune or calamity on or after January 1, 2025. By imposing additional duties on local tax officials, the bill would impose a state-mandated local program.

This bill would make legislative findings and declarations related to a gift of public funds.

The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.

Home Bill Information California Law Publications Other Resources My Subscriptions My Favorites 5 This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above.

Existing law requires the state to reimburse local agencies annually for certain property tax revenues lost as a result of any exemption or classification of property for purposes of ad valorem property taxation.

This bill would provide that, notwithstanding those provisions, no appropriation is made and the state shall not reimburse local agencies for property tax revenues lost by them pursuant to the bill.

Vote: majority Appropriation: no Fiscal Committee: yes Local Program: yes THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

SECTION 1. Section 70 of the Revenue and Taxation Code is amended to read:

70. (a) “Newly constructed” and “new construction” means:
(1) Any addition to real property, whether land or improvements, including fixtures, since the last lien date; and
(2) Any alteration of land or of any improvement, including fixtures, since the last lien date that constitutes a major rehabilitation thereof or that converts the property to a different use. (b) Any rehabilitation, renovation, or modernization that converts an improvement or fixture to the substantial equivalent of a new improvement or fixture is a major rehabilitation of that improvement or fixture. (c) (1) Notwithstanding subdivisions (a) and (b), where real property has been damaged or destroyed by misfortune or calamity, “newly constructed” and “new construction” does not mean any timely reconstruction of the real property, or portion thereof, where the property after reconstruction is substantially equivalent to the property prior to damage or destruction. Any reconstruction of real property, or portion thereof, that is not substantially equivalent to the damaged or destroyed property, shall be deemed to be new construction and only that portion that exceeds substantially equivalent reconstruction shall have a new base year value determined pursuant to Section 110.1.
(2) For purposes of this subdivision, “substantially equivalent” includes when the size of the improvement after reconstruction does not exceed 110 percent of the size of the improvement before damage or destruction. (3) Paragraph (2) shall apply to lien dates occurring on or after January 1, 2025, for real property that serves as replacement property for property that was damaged or destroyed by misfortune or calamity on or after January 1, 2025.
(d) (1) Notwithstanding subdivisions (a) and (b), where a tank must be improved, upgraded, or replaced to comply with federal, state, and local regulations on underground storage tanks, “newly constructed” and “new construction” does not mean the improvement, upgrade, or replacement of a tank to meet compliance standards, and the improvement, upgrade, or replacement shall be considered to have been performed for the purpose of normal maintenance and repair.
(2) Notwithstanding subdivisions (a) and (b), where a structure, or any portion thereof, was reconstructed, as a consequence of completing work on an underground storage tank to comply with federal, state, and local regulations on these tanks, timely reconstruction of the structure shall be considered to have been performed for the purpose of normal maintenance and repair where the structure, or portion thereof, after reconstruction is substantially equivalent to the prior structure in size, utility, and function.

SEC. 2. The Legislature finds and declares that the amendments to Section 70 of the Revenue and Taxation Code made by this act serve a public purpose and do not constitute a gift of public funds within the meaning of Section 6 of Article XVI of the California Constitution by providing necessary property tax relief to taxpayers whose property was damaged or destroyed by a destructive California wildfire.

SEC. 3. If the Commission on State Mandates determines that this act contains costs mandated by the state, reimbursement to local agencies and school districts for those costs shall be made pursuant to Part 7 (commencing with Section 17500) of Division 4 of Title 2 of the Government Code. 6 SEC. 4. Notwithstanding Section 2229 of the Revenue and Taxation Code, no appropriation is made by this act and the state shall not reimburse any local agency for any property tax revenues lost by it pursuant to this act. 7 SB 1352 (Valladares, R) Property Taxation Summary
Current Text: 02/20/2026 - Introduced HTML PDF
Status: 02/20/2026 - Introduced. To Com. on RLS. for assignment. To print.

Location: 02/20/2026 - Senate Rules
Summary: The California Constitution generally limits ad valorem taxes on real property to 1% of the full cash value of that property. For purposes of this limitation, “full cash value” is defined as the assessor’s valuation of real property as shown on the 1975–76 tax bill under “full cash value” or, thereafter, the appraised value of that real property when purchased, newly constructed, or a change in ownership has occurred. Existing property tax law defines “newly constructed” and “new construction” to mean any addition to real property since the last lien date and any alteration of land or of any improvement since the last lien date that constitutes a major rehabilitation thereof or that converts the property to a different use. Existing property tax law, in the case of real property that has been damaged or destroyed by misfortune or calamity, excludes from the definition of “newly constructed” and “new construction” any timely reconstruction of the real property, or portion thereof, where the property after reconstruction is substantially equivalent to the property prior to damage or destruction. This bill would define “substantially equivalent” for these purposes to include when the size of the improvement after reconstruction does not exceed 110% of the size of the improvement before damage or destruction. The bill would apply this change to lien dates occurring on or after January 1, 2025, for real property that serves as replacement property for property that was damaged or destroyed by misfortune or calamity on or after January 1, 2025. By imposing additional duties on local tax officials, the bill would impose a state-mandated local program. This bill contains other related provisions and other existing laws. (Based on 02/20/2026 text) 8

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Agenda Item # 5.A.

Supplemental
Council Agenda Report
To: Mayor Riggins and the Honorable Members of the City Council Prepared by: Tatiana Holden, Interim Public Works Director/City Engineer Approved by: Robert Duboux, Interim City Manager
Date prepared: February 25, 2026 Meeting date: March 9, 2026 Subject: Second Reading and Adoption of Floodplain Management Ordinance and Adoption of Urgency Ordinance
RECOMMENDED ACTION: 1) Conduct the second reading, unless waived, and adopt Ordinance No. 533 amending Malibu Municipal Code Chapter 15.20 to make technical amendments to the Floodplain Management Ordinance and finding the same exempt from the California Environmental Quality Act ; 2) After the City Attorney reads the title of the ordinance, adopt Urgency Ordinance No. 533U amending Malibu Municipal Code Chapter

15.20 to make technical amendments to the Floodplain Management Ordinance, declaring the urgency thereof, and finding the same exempt from the California Environmental Quality Act.

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

STRATEGIC PLAN IMPLEMENTATION: This item supports the City’s 2025-2028 Strategic Plan. Goal 1: Support Community Rebuilding and Long-Term Recovery.

DISCUSSION: On February 23, 2026, the City Council introduced Ordinance No. 533 for the first reading and directed staff to make urgency findings and bring back the Urgency Ordinance amending Chapter 15.20 of Malibu Municipal Code for the Palisades Fire rebuilding efforts.

Title 44 Part 60 of the Code of Federal Regulations (CFR) sets forth the criteria Flood Plain management regulations and minimum standards for communities with special hazard areas present.

Section 60.3. Flood management criteria for flood-prone areas of the CFR includes requirements for on-site septic systems and obstructions such as seawalls:

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60.3 (a) (6) (i) new and replacement sanitary sewage system to be designed to minimize or eliminate infiltration of flood waters into the systems and discharges from the systems into flood waters and
(ii) onsite waste disposal systems to be located to avoid impairment to them or contamination from them during flooding.

60.3 (e) (5) Provide that all new constructions and substantial improvements within Zones V1-30, VE and V on the community’s FIRM have the space below the lowest floor either free of obstruction or constructed with non-supporting breakaway walls, open wood latticework, or insect screening intended to collapse under wind and water loads without causing collapse, displacement, or other structural damage to the elevated portion of the building or supporting foundation system.

However, FEMA allows deviations from the CFR criteria when a certified engineer or architect demonstrates that the floodplain is the only feasible location for an on-site wastewater system due to unique property characteristics such as lot size, geology or proximity to the shoreline. The community, through the approved process, can issue a variance for flood plain management purposes.

Section 60.6. Variances and exceptions of the CFR describes procedures for the granting of variance:

60.6 (a) (3) Variances shall only be issued by a community upon (i) a showing of good and sufficient cause,
(ii) a determination that failure to grant the variance would result in exceptional hardship to the applicant, and
(iii) a determination that the granting of a variance will not result in increased flood heights, additional threats to public safety, extraordinary public expense, create nuisances, cause fraud on or victimization of the public, or conflict with existing local laws or ordinances; (4) Variances shall only be issued upon a determination that the variance is the minimum necessary, considering the flood hazard, to afford relief.

Chapter 15.20 of Malibu Municipal Code establishes the process for approval of a variance which is time-intensive and require a public hearing before the City Council. The proposed amendments to Chapter 15.20 are necessary to facilitate timely rebuilding following the January 2025 Palisades Fire, which damaged and destroyed more than 300 coastal properties including seawalls that protect residential septic systems.

The following urgency findings were made for the coastal areas affected by the Palisades Fire.
• Protection of public health and safety by preventing the discharge of untreated water.

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Agenda Item # 5.A.
• Delay in approving the construction or repair of septic system and seawalls may result in environmental hazards.
• Failure to timely administer and enforce floodplains regulations in compliance with FEMA requirements may jeopardize eligibility for participation in NFIP.

The proposed Urgency Ordinance (Attachment 2) will allow the amendments to go into effect immediately upon Council approval. This action will significantly expedite approval of variances to allow seawalls to be constructed for septic systems protection within the FEMA-designated coastal floodplain and streamline the permit issuance process for the Palisades Fire rebuilds.

Changes to Chapter 15.20 are summarized as follows:
• 15.20.070 – Identifies the Floodplain Administrator as the Public Works Director to grant development permits including variances in accord with Chapter 15.20. • 15.20.080.A.6 - Defines the Floodplain Administrator’s authority to ensure that variances for septic systems and associated seawall proposals meet specific mandatory FEMA design and construction regulations.
• 15.20.180 – States that the Floodplain Administrator may issue variances for septic systems and associated seawalls.
• 15.20.190 – States that decisions made by the Floodplain Administrator for variances for septic systems and associated seawalls may be appealed to City Council.
• 15.20.210 A – Establishes an expedited administrative process for issuance of variances including a requirement for applicants to submit a newly created city application with supporting technical documentation by a registered engineer or architect for review and approval by the Floodplain Administrator. • 15.20.210. B.9 – Requirement that all granted variances shall be recorded with the Los Angeles County Recorder’s Office and notarized acknowledgement by the property owner.
• 15.20.210. B.10 – Prior to the issuance of a Certificate of Occupancy, the applicant shall submit a completed FEMA Elevation Certificate and obtain approval from the Floodplain Administrator.

Staff had numerous meetings with FEMA representatives to review the proposed variance procedures and confirm that the City’s Floodplain Management Ordinance remains

Page 4 of 4 ends

Agenda Item # 5.A.
compliant with the NFIP and as a result of these meetings, FEMA has reviewed the proposed amendments and expressed their support.

The urgency ordinance will allow these changes to be made immediately in order to protect public health, safety and coastal resources by preventing discharge of untreated wastewater into natural watercourses and bodies of water as well as neighboring properties.

ATTACHMENTS:
1) Title 44 Part 60 of the Code of Federal Regulations
2) Ordinance 533
3) Ordinance No. 533U
4) Redline Exhibit of Ordinance No. 533
Title 44 —Emergency Management and Assistance
Chapter I —Federal Emergency Management Agency, Department of Homeland Security Subchapter B —Insurance and Hazard Mitigation
Part 60 Criteria for Land Management and Use
Subpart A Requirements for Flood Plain Management Regulations § 60.1 Purpose of subpart.
§ 60.2 Minimum compliance with flood plain management criteria. § 60.3 Flood plain management criteria for flood-prone areas. § 60.4 Flood plain management criteria for mudslide (i.e., mudflow)-prone areas. § 60.5 Flood plain management criteria for flood-related erosion-prone areas. § 60.6 Variances and exceptions.
§ 60.7 Revisions of criteria for flood plain management regulations. § 60.8 Definitions.

Subpart B Requirements for State Flood Plain Management Regulations § 60.11 Purpose of this subpart.
§ 60.12 Flood plain management criteria for State-owned properties in special hazard areas. § 60.13 Noncompliance.

Subpart C Additional Considerations in Managing Flood-Prone, Mudslide (i.e., Mudflow)-Prone and Flood-Related Erosion-Prone Areas
§ 60.21 Purpose of this subpart.
§ 60.22 Planning considerations for flood-prone areas.
§ 60.23 Planning considerations for mudslide (i.e., mudflow)-prone areas. § 60.24 Planning considerations for flood-related erosion-prone areas. § 60.25 Designation, duties, and responsibilities of State Coordinating Agencies. § 60.26 Local coordination.

PART 60—CRITERIA FOR LAND MANAGEMENT AND USE
Authority: 42 U.S.C. 4001 et seq.; Reorganization Plan No. 3 of 1978, 43 FR 41943, 3 CFR, 1978 Comp., p. 329; E.O. 12127 of Mar. 31, 1979, 44 FR 19367, 3 CFR, 1979 Comp., p. 376.

Source: 41 FR 46975, Oct. 26, 1976, unless otherwise noted. Redesignated at 44 FR 31177, May 31, 1979.

Subpart A—Requirements for Flood Plain Management Regulations This content is from the eCFR and is authoritative but unofficial. 44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use 44 CFR Part 60 (Feb. 23, 2026) 44 CFR 60 (enhanced display) Attachment 1 page 1 of 22
§ 60.1 Purpose of subpart.
[41 FR 46975, Oct. 26, 1976. Redesignated at 44 FR 31177, May 31, 1979, as amended at 48 FR 44552, Sept. 29, 1983; 49 FR 4751, Feb. 8, 1984]
§ 60.2 Minimum compliance with flood plain management criteria. (a) The Act provides that flood insurance shall not be sold or renewed under the program within a community, unless the community has adopted adequate flood plain management regulations consistent with Federal criteria. Responsibility for establishing such criteria is delegated to the Federal Insurance Administrator. (b) This subpart sets forth the criteria developed in accordance with the Act by which the Federal Insurance Administrator will determine the adequacy of a community's flood plain management regulations. These regulations must be legally-enforceable, applied uniformly throughout the community to all privately and publicly owned land within flood-prone, mudslide (i.e., mudflow) or flood-related erosion areas, and the community must provide that the regulations take precedence over any less restrictive conflicting local laws, ordinances or codes. Except as otherwise provided in § 60.6, the adequacy of such regulations shall be determined on the basis of the standards set forth in § 60.3 for flood-prone areas, § 60.4 for mudslide areas and § 60.5 for flood-related erosion areas.
(c) Nothing in this subpart shall be construed as modifying or replacing the general requirement that all eligible communities must take into account flood, mudslide (i.e., mudflow) and flood-related erosion hazards, to the extent that they are known, in all official actions relating to land management and use. (d) The criteria set forth in this subpart are minimum standards for the adoption of flood plain management regulations by flood-prone, mudslide (i.e., mudflow)-prone and flood-related erosion-prone communities.

Any community may exceed the minimum criteria under this part by adopting more comprehensive flood plain management regulations utilizing the standards such as contained in subpart C of this part. In some instances, community officials may have access to information or knowledge of conditions that require, particularly for human safety, higher standards than the minimum criteria set forth in subpart A of this part. Therefore, any flood plain management regulations adopted by a State or a community which are more restrictive than the criteria set forth in this part are encouraged and shall take precedence. (a) A flood-prone community applying for flood insurance eligibility shall meet the standards of § 60.3(a) in order to become eligible if a FHBM has not been issued for the community at the time of application.

Thereafter, the community will be given a period of six months from the date the Federal Insurance Administrator provides the data set forth in § 60.3 (b), (c), (d), (e) or (f), in which to meet the requirements of the applicable paragraph. If a community has received a FHBM, but has not yet applied for Program eligibility, the community shall apply for eligibility directly under the standards set forth in § 60.3(b).

Thereafter, the community will be given a period of six months from the date the Federal Insurance Administrator provides the data set forth in § 60.3 (c), (d), (e) or (f) in which to meet the requirements of the applicable paragraph.
(b) A mudslide (i.e., mudflow)-prone community applying for flood insurance eligibility shall meet the standards of § 60.4(a) to become eligible. Thereafter, the community will be given a period of six months from the date the mudslide (i.e., mudflow) areas having special mudslide hazards are delineated in which to meet the requirements of § 60.4(b).
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.1
44 CFR 60.2(b) (enhanced display) page 2 of 22
[41 FR 46975, Oct. 26, 1976. Redesignated at 44 FR 31177, May 31, 1979, as amended at 48 FR 29318, June 24, 1983; 48 FR 44552, Sept. 29, 1983; 49 FR 4751, Feb. 8, 1984; 50 FR 36024, Sept. 4, 1985; 59 FR 53598, Oct. 25, 1994; 62 FR 55716, Oct. 27, 1997]
§ 60.3 Flood plain management criteria for flood-prone areas.

60.4 and 60.5.
(e) Local flood plain management regulations may be submitted to the State Coordinating Agency designated pursuant to § 60.25 for its advice and concurrence. The submission to the State shall clearly describe proposed enforcement procedures.
(f) The community official responsible for submitting annual or biennial reports to the Federal Insurance Administrator pursuant to § 59.22(b)(2) of this subchapter shall also submit copies of each annual or biennial report to any State Coordinating Agency.
(g) A community shall assure that its comprehensive plan is consistent with the flood plain management objectives of this part.
(h) The community shall adopt and enforce flood plain management regulations based on data provided by the Federal Insurance Administrator. Without prior approval of the Federal Insurance Administrator, the community shall not adopt and enforce flood plain management regulations based upon modified data reflecting natural or man-made physical changes.
(a) When the Federal Insurance Administrator has not defined the special flood hazard areas within a community, has not provided water surface elevation data, and has not provided sufficient data to identify the floodway or coastal high hazard area, but the community has indicated the presence of such hazards by submitting an application to participate in the Program, the community shall:
(1) Require permits for all proposed construction or other development in the community, including the placement of manufactured homes, so that it may determine whether such construction or other development is proposed within flood-prone areas;
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use 44 CFR 60.2(c)
44 CFR 60.3(a)(1) (enhanced display) page 3 of 22
(2) Review proposed development to assure that all necessary permits have been received from those governmental agencies from which approval is required by Federal or State law, including section 404 of the Federal Water Pollution Control Act Amendments of 1972, 33 U.S.C. 1334; (3) Review all permit applications to determine whether proposed building sites will be reasonably safe from flooding. If a proposed building site is in a flood-prone area, all new construction and substantial improvements shall
(i) be designed (or modified) and adequately anchored to prevent flotation, collapse, or lateral movement of the structure resulting from hydrodynamic and hydrostatic loads, including the effects of buoyancy,
(ii) be constructed with materials resistant to flood damage, (iii) be constructed by methods and practices that minimize flood damages, and (iv) be constructed with electrical, heating, ventilation, plumbing, and air conditioning equipment and other service facilities that are designed and/or located so as to prevent water from entering or accumulating within the components during conditions of flooding. (4) Review subdivision proposals and other proposed new development, including manufactured home parks or subdivisions, to determine whether such proposals will be reasonably safe from flooding. If a subdivision proposal or other proposed new development is in a flood-prone area, any such proposals shall be reviewed to assure that
(i) all such proposals are consistent with the need to minimize flood damage within the floodprone area, (ii) all public utilities and facilities, such as sewer, gas, electrical, and water systems are located and constructed to minimize or eliminate flood damage, and (iii) adequate drainage is provided to reduce exposure to flood hazards; (5) Require within flood-prone areas new and replacement water supply systems to be designed to minimize or eliminate infiltration of flood waters into the systems; and (6) Require within flood-prone areas
(i) new and replacement sanitary sewage systems to be designed to minimize or eliminate infiltration of flood waters into the systems and discharges from the systems into flood waters and
(ii) onsite waste disposal systems to be located to avoid impairment to them or contamination from them during flooding.
(b) When the Federal Insurance Administrator has designated areas of special flood hazards (A zones) by the publication of a community's FHBM or FIRM, but has neither produced water surface elevation data nor identified a floodway or coastal high hazard area, the community shall:
(1) Require permits for all proposed construction and other developments including the placement of manufactured homes, within Zone A on the community's FHBM or FIRM; (2) Require the application of the standards in paragraphs (a) (2), (3), (4), (5) and (6) of this section to development within Zone A on the community's FHBM or FIRM; 44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.3(a)(2)
44 CFR 60.3(b)(2) (enhanced display) page 4 of 22
(3) Require that all new subdivision proposals and other proposed developments (including proposals for manufactured home parks and subdivisions) greater than 50 lots or 5 acres, whichever is the lesser, include within such proposals base flood elevation data; (4) Obtain, review and reasonably utilize any base flood elevation and floodway data available from a Federal, State, or other source, including data developed pursuant to paragraph (b)(3) of this section, as criteria for requiring that new construction, substantial improvements, or other development in Zone A on the community's FHBM or FIRM meet the standards in paragraphs (c)(2), (c)(3), (c)(5), (c)(6), (c)(12), (c)(14), (d)(2) and (d)(3) of this section; (5) Where base flood elevation data are utilized, within Zone A on the community's FHBM or FIRM:
(i) Obtain the elevation (in relation to mean sea level) of the lowest floor (including basement) of all new and substantially improved structures, and
(ii) Obtain, if the structure has been floodproofed in accordance with paragraph (c)(3)(ii) of this section, the elevation (in relation to mean sea level) to which the structure was floodproofed, and
(iii) Maintain a record of all such information with the official designated by the community under §

59.22 (a)(9)(iii);
(6) Notify, in riverine situations, adjacent communities and the State Coordinating Office prior to any alteration or relocation of a watercourse, and submit copies of such notifications to the Federal Insurance Administrator;
(7) Assure that the flood carrying capacity within the altered or relocated portion of any watercourse is maintained;
(8) Require that all manufactured homes to be placed within Zone A on a community's FHBM or FIRM shall be installed using methods and practices which minimize flood damage. For the purposes of this requirement, manufactured homes must be elevated and anchored to resist flotation, collapse, or lateral movement. Methods of anchoring may include, but are not to be limited to, use of over-thetop or frame ties to ground anchors. This requirement is in addition to applicable State and local anchoring requirements for resisting wind forces.
(c) When the Federal Insurance Administrator has provided a notice of final flood elevations for one or more special flood hazard areas on the community's FIRM and, if appropriate, has designated other special flood hazard areas without base flood elevations on the community's FIRM, but has not identified a regulatory floodway or coastal high hazard area, the community shall:
(1) Require the standards of paragraph (b) of this section within all A1-30 zones, AE zones, A zones, AH zones, and AO zones, on the community's FIRM;
(2) Require that all new construction and substantial improvements of residential structures within Zones A1-30, AE and AH zones on the community's FIRM have the lowest floor (including basement) elevated to or above the base flood level, unless the community is granted an exception by the Federal Insurance Administrator for the allowance of basements in accordance with § 60.6 (b) or (c); (3) Require that all new construction and substantial improvements of non-residential structures within Zones A1-30, AE and AH zones on the community's firm
(i) have the lowest floor (including basement) elevated to or above the base flood level or, 44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.3(b)(3)
44 CFR 60.3(c)(3)(i) (enhanced display) page 5 of 22
(ii) together with attendant utility and sanitary facilities, be designed so that below the base flood level the structure is watertight with walls substantially impermeable to the passage of water and with structural components having the capability of resisting hydrostatic and hydrodynamic loads and effects of buoyancy;
(4) Provide that where a non-residential structure is intended to be made watertight below the base flood level,
(i) a registered professional engineer or architect shall develop and/or review structural design, specifications, and plans for the construction, and shall certify that the design and methods of construction are in accordance with accepted standards of practice for meeting the applicable provisions of paragraph (c)(3)(ii) or (c)(8)(ii) of this section, and (ii) a record of such certificates which includes the specific elevation (in relation to mean sea level) to which such structures are floodproofed shall be maintained with the official designated by the community under § 59.22(a)(9)(iii);
(5) Require, for all new construction and substantial improvements, that fully enclosed areas below the lowest floor that are usable solely for parking of vehicles, building access or storage in an area other than a basement and which are subject to flooding shall be designed to automatically equalize hydrostatic flood forces on exterior walls by allowing for the entry and exit of floodwaters. Designs for meeting this requirement must either be certified by a registered professional engineer or architect or meet or exceed the following minimum criteria: A minimum of two openings having a total net area of not less than one square inch for every square foot of enclosed area subject to flooding shall be provided. The bottom of all openings shall be no higher than one foot above grade.

Openings may be equipped with screens, louvers, valves, or other coverings or devices provided that they permit the automatic entry and exit of floodwaters. (6) Require that manufactured homes that are placed or substantially improved within Zones A1-30, AH, and AE on the community's FIRM on sites
(i) Outside of a manufactured home park or subdivision, (ii) In a new manufactured home park or subdivision,
(iii) In an expansion to an existing manufactured home park or subdivision, or (iv) In an existing manufactured home park or subdivision on which a manufactured home has incurred “substantial damage” as the result of a flood, be elevated on a permanent foundation such that the lowest floor of the manufactured home is elevated to or above the base flood elevation and be securely anchored to an adequately anchored foundation system to resist floatation collapse and lateral movement.
(7) Require within any AO zone on the community's FIRM that all new construction and substantial improvements of residential structures have the lowest floor (including basement) elevated above the highest adjacent grade at least as high as the depth number specified in feet on the community's FIRM (at least two feet if no depth number is specified); (8) Require within any AO zone on the community's FIRM that all new construction and substantial improvements of nonresidential structures
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.3(c)(3)(ii)
44 CFR 60.3(c)(8) (enhanced display) page 6 of 22
(i) have the lowest floor (including basement) elevated above the highest adjacent grade at least as high as the depth number specified in feet on the community's FIRM (at least two feet if no depth number is specified), or
(ii) together with attendant utility and sanitary facilities be completely floodproofed to that level to meet the floodproofing standard specified in § 60.3(c)(3)(ii); (9) Require within any A99 zones on a community's FIRM the standards of paragraphs (a)(1) through (a)(4)(i) and (b)(5) through (b)(9) of this section;
(10) Require until a regulatory floodway is designated, that no new construction, substantial improvements, or other development (including fill) shall be permitted within Zones A1-30 and AE on the community's FIRM, unless it is demonstrated that the cumulative effect of the proposed development, when combined with all other existing and anticipated development, will not increase the water surface elevation of the base flood more than one foot at any point within the community. (11) Require within Zones AH and AO, adequate drainage paths around structures on slopes, to guide floodwaters around and away from proposed structures.
(12) Require that manufactured homes to be placed or substantially improved on sites in an existing manufactured home park or subdivision within Zones A-1-30, AH, and AE on the community's FIRM that are not subject to the provisions of paragraph (c)(6) of this section be elevated so that either (i) The lowest floor of the manufactured home is at or above the base flood elevation, or (ii) The manufactured home chassis is supported by reinforced piers or other foundation elements of at least equivalent strength that are no less than 36 inches in height above grade and be securely anchored to an adequately anchored foundation system to resist floatation, collapse, and lateral movement.
(13) Notwithstanding any other provisions of § 60.3, a community may approve certain development in Zones Al-30, AE, and AH, on the community's FIRM which increase the water surface elevation of the base flood by more than one foot, provided that the community first applies for a conditional FIRM revision, fulfills the requirements for such a revision as established under the provisions of § 65.12, and receives the approval of the Federal Insurance Administrator. (14) Require that recreational vehicles placed on sites within Zones A1-30, AH, and AE on the community's FIRM either
(i) Be on the site for fewer than 180 consecutive days, (ii) Be fully licensed and ready for highway use, or
(iii) Meet the permit requirements of paragraph (b)(1) of this section and the elevation and anchoring requirements for “manufactured homes” in paragraph (c)(6) of this section.

A recreational vehicle is ready for highway use if it is on its wheels or jacking system, is attached to the site only by quick disconnect type utilities and security devices, and has no permanently attached additions.
(d) When the Federal Insurance Administrator has provided a notice of final base flood elevations within Zones A1-30 and/or AE on the community's FIRM and, if appropriate, has designated AO zones, AH zones, A99 zones, and A zones on the community's FIRM, and has provided data from which the community shall designate its regulatory floodway, the community shall:
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.3(c)(8)(i)
44 CFR 60.3(d) (enhanced display) page 7 of 22
(1) Meet the requirements of paragraphs (c) (1) through (14) of this section; (2) Select and adopt a regulatory floodway based on the principle that the area chosen for the regulatory floodway must be designed to carry the waters of the base flood, without increasing the water surface elevation of that flood more than one foot at any point; (3) Prohibit encroachments, including fill, new construction, substantial improvements, and other development within the adopted regulatory floodway unless it has been demonstrated through hydrologic and hydraulic analyses performed in accordance with standard engineering practice that the proposed encroachment would not result in any increase in flood levels within the community during the occurrence of the base flood discharge;
(4) Notwithstanding any other provisions of § 60.3, a community may permit encroachments within the adopted regulatory floodway that would result in an increase in base flood elevations, provided that the community first applies for a conditional FIRM and floodway revision, fulfills the requirements for such revisions as established under the provisions of § 65.12, and receives the approval of the Federal Insurance Administrator.
(e) When the Federal Insurance Administrator has provided a notice of final base flood elevations within Zones A1-30 and/or AE on the community's FIRM and, if appropriate, has designated AH zones, AO zones, A99 zones, and A zones on the community's FIRM, and has identified on the community's FIRM coastal high hazard areas by designating Zones V1-30, VE, and/or V, the community shall:
(1) Meet the requirements of paragraphs (c)(1) through (14) of this section; (2) Within Zones V1-30, VE, and V on a community's FIRM, (i) obtain the elevation (in relation to mean sea level) of the bottom of the lowest structural member of the lowest floor (excluding pilings and columns) of all new and substantially improved structures, and whether or not such structures contain a basement, and (ii) maintain a record of all such information with the official designated by the community under §

59.22(a)(9)(iii);
(3) Provide that all new construction within Zones V1-30, VE, and V on the community's FIRM is located landward of the reach of mean high tide;
(4) Provide that all new construction and substantial improvements in Zones V1-30 and VE, and also Zone V if base flood elevation data is available, on the community's FIRM, are elevated on pilings and columns so that
(i) the bottom of the lowest horizontal structural member of the lowest floor (excluding the pilings or columns) is elevated to or above the base flood level; and (ii) the pile or column foundation and structure attached thereto is anchored to resist flotation, collapse and lateral movement due to the effects of wind and water loads acting simultaneously on all building components. Water loading values used shall be those associated with the base flood. Wind loading values used shall be those required by applicable State or local building standards. A registered professional engineer or architect shall develop or review the structural design, specifications and plans for the construction, and shall certify that the design and methods of construction to be used are in accordance with accepted standards of practice for meeting the provisions of paragraphs (e)(4) (i) and (ii) of this section. 44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.3(d)(1)
44 CFR 60.3(e)(4)(ii) (enhanced display) page 8 of 22
(5) Provide that all new construction and substantial improvements within Zones V1-30, VE, and V on the community's FIRM have the space below the lowest floor either free of obstruction or constructed with non-supporting breakaway walls, open wood lattice-work, or insect screening intended to collapse under wind and water loads without causing collapse, displacement, or other structural damage to the elevated portion of the building or supporting foundation system. For the purposes of this section, a breakway wall shall have a design safe loading resistance of not less than 10 and no more than 20 pounds per square foot. Use of breakway walls which exceed a design safe loading resistance of 20 pounds per square foot (either by design or when so required by local or State codes) may be permitted only if a registered professional engineer or architect certifies that the designs proposed meet the following conditions:
(i) Breakaway wall collapse shall result from a water load less than that which would occur during the base flood; and,
(ii) The elevated portion of the building and supporting foundation system shall not be subject to collapse, displacement, or other structural damage due to the effects of wind and water loads acting simultaneously on all building components (structural and non-structural). Water loading values used shall be those associated with the base flood. Wind loading values used shall be those required by applicable State or local building standards.

Such enclosed space shall be useable solely for parking of vehicles, building access, or storage. (6) Prohibit the use of fill for structural support of buildings within Zones V1-30, VE, and V on the community's FIRM;
(7) Prohibit man-made alteration of sand dunes and mangrove stands within Zones V1-30, VE, and V on the community's FIRM which would increase potential flood damage. (8) Require that manufactured homes placed or substantially improved within Zones V1-30, V, and VE on the community's FIRM on sites
(i) Outside of a manufactured home park or subdivision, (ii) In a new manufactured home park or subdivision,
(iii) In an expansion to an existing manufactured home park or subdivision, or (iv) In an existing manufactured home park or subdivision on which a manufactured home has incurred “substantial damage” as the result of a flood, meet the standards of paragraphs (e)(2) through (7) of this section and that manufactured homes placed or substantially improved on other sites in an existing manufactured home park or subdivision within Zones VI-30, V, and VE on the community's FIRM meet the requirements of paragraph (c)(12) of this section. (9) Require that recreational vehicles placed on sites within Zones V1-30, V, and VE on the community's FIRM either
(i) Be on the site for fewer than 180 consecutive days, (ii) Be fully licensed and ready for highway use, or
(iii) Meet the requirements in paragraphs (b)(1) and (e) (2) through (7) of this section.

A recreational vehicle is ready for highway use if it is on its wheels or jacking system, is attached to the site only by quick disconnect type utilities and security devices, and has no permanently attached additions.
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.3(e)(5)
44 CFR 60.3(e)(9)(iii) (enhanced display) page 9 of 22
[41 FR 46975, Oct. 26, 1976]
(f) When the Federal Insurance Administrator has provided a notice of final base flood elevations within Zones A1-30 or AE on the community's FIRM, and, if appropriate, has designated AH zones, AO zones, A99 zones, and A zones on the community's FIRM, and has identified flood protection restoration areas by designating Zones AR, AR/A1-30, AR/AE, AR/AH, AR/AO, or AR/A, the community shall:
(1) Meet the requirements of paragraphs (c)(1) through (14) and (d)(1) through (4) of this section. (2) Adopt the official map or legal description of those areas within Zones AR, AR/A1-30, AR/AE, AR/AH, AR/A, or AR/AO that are designated developed areas as defined in § 59.1 in accordance with the eligibility procedures under § 65.14.
(3) For all new construction of structures in areas within Zone AR that are designated as developed areas and in other areas within Zone AR where the AR flood depth is 5 feet or less:
(i) Determine the lower of either the AR base flood elevation or the elevation that is 3 feet above highest adjacent grade; and
(ii) Using this elevation, require the standards of paragraphs (c)(1) through (14) of this section. (4) For all new construction of structures in those areas within Zone AR that are not designated as developed areas where the AR flood depth is greater than 5 feet:
(i) Determine the AR base flood elevation; and
(ii) Using that elevation require the standards of paragraphs (c)(1) through (14) of this section. (5) For all new construction of structures in areas within Zone AR/A1-30, AR/AE, AR/AH, AR/AO, and AR/ A:
(i) Determine the applicable elevation for Zone AR from paragraphs (a)(3) and (4) of this section; (ii) Determine the base flood elevation or flood depth for the underlying A1-30, AE, AH, AO and A Zone; and
(iii) Using the higher elevation from paragraphs (a)(5)(i) and (ii) of this section require the standards of paragraphs (c)(1) through (14) of this section.
(6) For all substantial improvements to existing construction within Zones AR/A1-30, AR/AE, AR/AH, AR/ AO, and AR/A:
(i) Determine the A1-30 or AE, AH, AO, or A Zone base flood elevation; and (ii) Using this elevation apply the requirements of paragraphs (c)(1) through (14) of this section. (7) Notify the permit applicant that the area has been designated as an AR, AR/A1-30, AR/AE, AR/AH, AR/AO, or AR/A Zone and whether the structure will be elevated or protected to or above the AR base flood elevation.

Editorial Note: For FEDERAL REGISTER citations affecting § 60.3, see the List of CFR Sections Affected, which appears in the Finding Aids section of the printed volume and at www.govinfo.gov. 44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.3(f)
44 CFR 60.3(f)(7) (enhanced display) page 10 of 22
§ 60.4 Flood plain management criteria for mudslide (i.e., mudflow)-prone areas.

The Federal Insurance Administrator will provide the data upon which flood plain management regulations shall be based. If the Federal Insurance Administrator has not provided sufficient data to furnish a basis for these regulations in a particular community, the community shall obtain, review, and reasonably utilize data available from other Federal, State or other sources pending receipt of data from the Federal Insurance Administrator. However, when special mudslide (i.e., mudflow) hazard area designations have been furnished by the Federal Insurance Administrator, they shall apply. The symbols defining such special mudslide (i.e., mudflow) hazard designations are set forth in § 64.3 of this subchapter. In all cases, the minimum requirements for mudslide (i.e., mudflow)-prone areas adopted by a particular community depend on the amount of technical data provided to the community by the Federal Insurance Administrator. Minimum standards for communities are as follows:
(a) When the Federal Insurance Administrator has not yet identified any area within the community as an area having special mudslide (i.e., mudflow) hazards, but the community has indicated the presence of such hazards by submitting an application to participate in the Program, the community shall (1) Require permits for all proposed construction or other development in the community so that it may determine whether development is proposed within mudslide (i.e., mudflow)-prone areas; (2) Require review of each permit application to determine whether the proposed site and improvements will be reasonably safe from mudslides (i.e., mudflows). Factors to be considered in making such a determination should include but not be limited to
(i) the type and quality of soils,
(ii) any evidence of ground water or surface water problems, (iii) the depth and quality of any fill,
(iv) the overall slope of the site, and
(v) the weight that any proposed structure will impose on the slope; (3) Require, if a proposed site and improvements are in a location that may have mudslide (i.e., mudflow) hazards, that
(i) a site investigation and further review be made by persons qualified in geology and soils engineering,
(ii) the proposed grading, excavations, new construction, and substantial improvements are adequately designed and protected against mudslide (i.e., mudflow) damages, (iii) the proposed grading, excavations, new construction and substantial improvements do not aggravate the existing hazard by creating either on-site or off-site disturbances, and (iv) drainage, planting, watering, and maintenance be such as not to endanger slope stability. (b) When the Federal Insurance Administrator has delineated Zone M on the community's FIRM, the community shall:
(1) Meet the requirements of paragraph (a) of this section; and (2) Adopt and enforce a grading ordinance or regulation in accordance with data supplied by the Federal Insurance Administrator which
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use 44 CFR 60.4
44 CFR 60.4(b)(2) (enhanced display) page 11 of 22
[41 FR 46975, Oct. 26, 1976. Redesignated at 44 FR 31177, May 31, 1979, as amended at 48 FR 44552, Sept. 29, 1983; 49 FR 4751, Feb. 8, 1984]
§ 60.5 Flood plain management criteria for flood-related erosion-prone areas.

The Federal Insurance Administrator will provide the data upon which flood plain management regulations for floodrelated erosion-prone areas shall be based. If the Federal Insurance Administrator has not provided sufficient data to furnish a basis for these regulations in a particular community, the community shall obtain, review, and reasonably utilize data available from other Federal, State or other sources, pending receipt of data from the Federal Insurance Administrator. However, when special flood-related erosion hazard area designations have been furnished by the Federal Insurance Administrator they shall apply. The symbols defining such special flood-related erosion hazard designations are set forth in § 64.3 of this subchapter. In all cases the minimum requirements governing the adequacy of the flood plain management regulations for flood-related erosion-prone areas adopted by a particular community depend on the amount of technical data provided to the community by the Federal Insurance Administrator. Minimum standards for communities are as follows:
(i) regulates the location of foundation systems and utility systems of new construction and substantial improvements,
(ii) regulates the location, drainage and maintenance of all excavations, cuts and fills and planted slopes,
(iii) provides special requirements for protective measures including but not necessarily limited to retaining walls, buttress fills, sub-drains, diverter terraces, benchings, etc., and (iv) requires engineering drawings and specifications to be submitted for all corrective measures, accompanied by supporting soils engineering and geology reports. Guidance may be obtained from the provisions of the 1973 edition and any subsequent edition of the Uniform Building Code, sections 7001 through 7006, and 7008 through 7015. The Uniform Building Code is published by the International Conference of Building Officials, 50 South Los Robles, Pasadena, California 91101.
(a) When the Federal Insurance Administrator has not yet identified any area within the community as having special flood-related erosion hazards, but the community has indicated the presence of such hazards by submitting an application to participate in the Program, the community shall (1) Require the issuance of a permit for all proposed construction, or other development in the area of flood-related erosion hazard, as it is known to the community; (2) Require review of each permit application to determine whether the proposed site alterations and improvements will be reasonably safe from flood-related erosion and will not cause flood-related erosion hazards or otherwise aggravate the existing flood-related erosion hazard; and (3) If a proposed improvement is found to be in the path of flood-related erosion or to increase the erosion hazard, require the improvement to be relocated or adequate protective measures to be taken which will not aggravate the existing erosion hazard. (b) When the Federal Insurance Administrator has delineated Zone E on the community's FIRM, the community shall
(1) Meet the requirements of paragraph (a) of this section; and 44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use 44 CFR 60.4(b)(2)(i) 44 CFR 60.5(b)(1) (enhanced display) page 12 of 22
[41 FR 46975, Oct. 26, 1976. Redesignated at 44 FR 31177, May 31, 1979, as amended at 48 FR 44552, Sept. 29, 1983; 49 FR 4751, Feb. 8, 1984]
§ 60.6 Variances and exceptions.
(2) Require a setback for all new development from the ocean, lake, bay, riverfront or other body of water, to create a safety buffer consisting of a natural vegetative or contour strip. This buffer will be designated by the Federal Insurance Administrator according to the flood-related erosion hazard and erosion rate, in conjunction with the anticipated “useful life” of structures, and depending upon the geologic, hydrologic, topographic and climatic characteristics of the community's land. The buffer may be used for suitable open space purposes, such as for agricultural, forestry, outdoor recreation and wildlife habitat areas, and for other activities using temporary and portable structures only. (a) The Federal Insurance Administrator does not set forth absolute criteria for granting variances from the criteria set forth in §§ 60.3, 60.4, and 60.5. The issuance of a variance is for flood plain management purposes only. Insurance premium rates are determined by statute according to actuarial risk and will not be modified by the granting of a variance. The community, after examining the applicant's hardships, shall approve or disapprove a request. While the granting of variances generally is limited to a lot size less than one-half acre (as set forth in paragraph (a)(2) of this section), deviations from that limitation may occur.

However, as the lot size increases beyond one-half acre, the technical justification required for issuing a variance increases. The Federal Insurance Administrator may review a community's findings justifying the granting of variances, and if that review indicates a pattern inconsistent with the objectives of sound flood plain management, the Federal Insurance Administrator may take appropriate action under § 59.24(b) of this subchapter. Variances may be issued for the repair or rehabilitation of historic structures upon a determination that the proposed repair or rehabilitation will not preclude the structure's continued designation as a historic structure and the variance is the minimum necessary to preserve the historic character and design of the structure. Procedures for the granting of variances by a community are as follows:
(1) Variances shall not be issued by a community within any designated regulatory floodway if any increase in flood levels during the base flood discharge would result; (2) Variances may be issued by a community for new construction and substantial improvements to be erected on a lot of one-half acre or less in size contiguous to and surrounded by lots with existing structures constructed below the base flood level, in conformance with the procedures of paragraphs (a) (3), (4), (5) and (6) of this section;
(3) Variances shall only be issued by a community upon
(i) a showing of good and sufficient cause,
(ii) a determination that failure to grant the variance would result in exceptional hardship to the applicant, and
(iii) a determination that the granting of a variance will not result in increased flood heights, additional threats to public safety, extraordinary public expense, create nuisances, cause fraud on or victimization of the public, or conflict with existing local laws or ordinances; (4) Variances shall only be issued upon a determination that the variance is the minimum necessary, considering the flood hazard, to afford relief;
(5) A community shall notify the applicant in writing over the signature of a community official that 44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.5(b)(2)
44 CFR 60.6(a)(5) (enhanced display) page 13 of 22
(i) the issuance of a variance to construct a structure below the base flood level will result in increased premium rates for flood insurance up to amounts as high as $25 for $100 of insurance coverage and
(ii) such construction below the base flood level increases risks to life and property. Such notification shall be maintained with a record of all variance actions as required in paragraph (a)(6) of this section; and
(6) A community shall
(i) maintain a record of all variance actions, including justification for their issuance, and (ii) report such variances issued in its annual or biennial report submitted to the Federal Insurance Administrator.
(7) Variances may be issued by a community for new construction and substantial improvements and for other development necessary for the conduct of a functionally dependent use provided that (i) the criteria of paragraphs (a)(1) through (a)(4) of this section are met, and (ii) the structure or other development is protected by methods that minimize flood damages during the base flood and create no additional threats to public safety. (b)
(1) The requirement that each flood-prone, mudslide (i.e., mudflow)-prone, and flood-related erosion prone community must adopt and submit adequate flood plain management regulations as a condition of initial and continued flood insurance eligibility is statutory and cannot be waived, and such regulations shall be adopted by a community within the time periods specified in § 60.3, § 60.4 or § 60.5. However, certain exceptions from the standards contained in this subpart may be permitted where the Federal Insurance Administrator recognizes that, because of extraordinary circumstances, local conditions may render the application of certain standards the cause for severe hardship and gross inequity for a particular community. Consequently, a community proposing the adoption of flood plain management regulations which vary from the standards set forth in § 60.3, §

60.4, or § 60.5, shall explain in writing to the Federal Insurance Administrator the nature and extent of and the reasons for the exception request and shall include sufficient supporting economic, environmental, topographic, hydrologic, and other scientific and technical data, and data with respect to the impact on public safety and the environment.
(2) The Federal Insurance Administrator shall prepare a Special Environmental Clearance to determine whether the proposal for an exception under paragraph (b)(1) of this section will have significant impact on the human environment. The decision whether an Environmental Impact Statement or other environmental document will be prepared, will be made in accordance with applicable environmental and historic preservation laws, regulations, Executive Orders, and agency policy.

Ninety or more days may be required for an environmental quality clearance if the proposed exception will have significant impact on the human environment thereby requiring an EIS. (c) A community may propose flood plain management measures which adopt standards for floodproofed residential basements below the base flood level in zones A1-30, AH, AO, and AE which are not subject to tidal flooding. Notwithstanding the requirements of paragraph (b) of this section the Federal Insurance Administrator may approve the proposal provided that:
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.6(a)(5)(i)
44 CFR 60.6(c) (enhanced display) page 14 of 22
[41 FR 46975, Oct. 26, 1976. Redesignated at 44 FR 31177, May 31, 1979, as amended at 48 FR 44543 and 44552, Sept. 29, 1983; 49 FR 4751, Feb. 8, 1984; 50 FR 36025, Sept. 4, 1985; 51 FR 30308, Aug. 25, 1986; 54 FR 33550, Aug. 15, 1989; 81 FR 56533, Aug. 22, 2016]
(1) The community has demonstrated that areas of special flood hazard in which basements will be permitted are subject to shallow and low velocity flooding and that there is adequate flood warning time to ensure that all residents are notified of impending floods. For the purposes of this paragraph flood characteristics must include:
(i) Flood depths that are five feet or less for developable lots that are contiguous to land above the base flood level and three feet or less for other lots; (ii) Flood velocities that are five feet per second or less; and (iii) Flood warning times that are 12 hours or greater. Flood warning times of two hours or greater may be approved if the community demonstrates that it has a flood warning system and emergency plan in operation that is adequate to ensure safe evacuation of flood plain residents.
(2) The community has adopted flood plain management measures that require that new construction and substantial improvements of residential structures with basements in zones A1-30, AH, AO, and AE shall:
(i) Be designed and built so that any basement area, together with attendant utilities and sanitary facilities below the floodproofed design level, is watertight with walls that are impermeable to the passage of water without human intervention. Basement walls shall be built with the capacity to resist hydrostatic and hydrodynamic loads and the effects of buoyancy resulting from flooding to the floodproofed design level, and shall be designed so that minimal damage will occur from floods that exceed that level. The floodproofed design level shall be an elevation one foot above the level of the base flood where the difference between the base flood and the 500-year flood is three feet or less and two feet above the level of the base flood where the difference is greater than three feet.
(ii) Have the top of the floor of any basement area no lower than five feet below the elevation of the base flood;
(iii) Have the area surrounding the structure on all sides filled to or above the elevation of the base flood. Fill must be compacted with slopes protected by vegetative cover; (iv) Have a registered professional engineer or architect develop or review the building's structural design, specifications, and plans, including consideration of the depth, velocity, and duration of flooding and type and permeability of soils at the building site, and certify that the basement design and methods of construction proposed are in accordance with accepted standards of practice for meeting the provisions of this paragraph;
(v) Be inspected by the building inspector or other authorized representative of the community to verify that the structure is built according to its design and those provisions of this section which are verifiable.
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.6(c)(1)
44 CFR 60.6(c)(2)(v) (enhanced display) page 15 of 22
§ 60.7 Revisions of criteria for flood plain management regulations.

From time to time part 60 may be revised as experience is acquired under the Program and new information becomes available. Communities will be given six months from the effective date of any new regulation to revise their flood plain management regulations to comply with any such changes. § 60.8 Definitions.

The definitions set forth in part 59 of this subchapter are applicable to this part.

Subpart B—Requirements for State Flood Plain Management Regulations § 60.11 Purpose of this subpart.
[41 FR 46975, Oct. 26, 1976. Redesignated at 44 FR 31177, May 31, 1979, as amended at 48 FR 44552, Sept. 29, 1983; 49 FR 4751, Feb. 8, 1984]
§ 60.12 Flood plain management criteria for State-owned properties in special hazard areas. (a) A State is considered a “community” pursuant to § 59.1 of this subchapter; and, accordingly, the Act provides that flood insurance shall not be sold or renewed under the Program unless a community has adopted adequate flood plain management regulations consistent with criteria established by the Federal Insurance Administrator.
(b) This subpart sets forth the flood plain management criteria required for State-owned properties located within special hazard areas identified by the Federal Insurance Administrator. A State shall satisfy such criteria as a condition to the purchase of a Standard Flood Insurance Policy for a State-owned structure or its contents, or as a condition to the approval by the Federal Insurance Administrator, pursuant to part 75 of this subchapter, of its plan of self-insurance.
(a) The State shall comply with the minimum flood plain management criteria set forth in §§ 60.3, 60.4, and

60.5. A State either shall:
(1) Comply with the flood plain management requirements of all local communities participating in the program in which State-owned properties are located; or (2) Establish and enforce flood plain management regulations which, at a minimum, satisfy the criteria set forth in §§ 60.3, 60.4, and 60.5.
(b) The procedures by which a state government adopts and administers flood plain management regulations satisfying the criteria set forth in §§ 60.3, 60.4 and 60.5 may vary from the procedures by which local governments satisfy the criteria.
(c) If any State-owned property is located in a non-participating local community, then the State shall comply with the requirements of paragraph (a)(2) of this section for the property. 44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use 44 CFR 60.7
44 CFR 60.12(c) (enhanced display) page 16 of 22
§ 60.13 Noncompliance.

If a State fails to submit adequate flood plain management regulations applicable to State-owned properties pursuant to § 60.12 within six months of the effective date of this regulation, or fails to adequately enforce such regulations, the State shall be subject to suspensive action pursuant to § 59.24. Where the State fails to adequately enforce its flood plain management regulations, the Federal Insurance Administrator shall conduct a hearing before initiating such suspensive action.
[41 FR 46975, Oct. 26, 1976. Redesignated at 44 FR 31177, May 31, 1979, as amended at 48 FR 44552, Sept. 29, 1983; 49 FR 4751, Feb. 8, 1984]
Subpart C—Additional Considerations in Managing Flood-Prone, Mudslide (i.e., Mudflow)-Prone and Flood-Related Erosion-Prone Areas
§ 60.21 Purpose of this subpart.

The purpose of this subpart is to encourage the formation and adoption of overall comprehensive management plans for flood-prone, mudslide (i.e., mudflow)-prone and flood-related erosion-prone areas. While adoption by a community of the standards in this subpart is not mandatory, the community shall completely evaluate these standards.
§ 60.22 Planning considerations for flood-prone areas.
(a) The flood plain management regulations adopted by a community for flood-prone areas should:
(1) Permit only that development of flood-prone areas which (i) is appropriate in light of the probability of flood damage and the need to reduce flood losses, (ii) is an acceptable social and economic use of the land in relation to the hazards involved, and (iii) does not increase the danger to human life;
(2) Prohibit nonessential or improper installation of public utilities and public facilities in flood-prone areas.
(b) In formulating community development goals after the occurrence of a flood disaster, each community shall consider—
(1) Preservation of the flood-prone areas for open space purposes; (2) Relocation of occupants away from flood-prone areas; (3) Acquisition of land or land development rights for public purposes consistent with a policy of minimization of future property losses;
(4) Acquisition of frequently flood-damaged structures; (c) In formulating community development goals and in adopting flood plain management regulations, each community shall consider at least the following factors— (1) Human safety;
(2) Diversion of development to areas safe from flooding in light of the need to reduce flood damages and in light of the need to prevent environmentally incompatible flood plain use; 44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.13
44 CFR 60.22(c)(2) (enhanced display) page 17 of 22
(3) Full disclosure to all prospective and interested parties (including but not limited to purchasers and renters) that
(i) certain structures are located within flood-prone areas, (ii) variances have been granted for certain structures located within flood-prone areas, and (iii) premium rates applied to new structures built at elevations below the base flood substantially increase as the elevation decreases;
(4) Adverse effects of flood plain development on existing development; (5) Encouragement of floodproofing to reduce flood damage; (6) Flood warning and emergency preparedness plans;
(7) Provision for alternative vehicular access and escape routes when normal routes are blocked or destroyed by flooding;
(8) Establishment of minimum floodproofing and access requirements for schools, hospitals, nursing homes, orphanages, penal institutions, fire stations, police stations, communications centers, water and sewage pumping stations, and other public or quasi-public facilities already located in the floodprone area, to enable them to withstand flood damage, and to facilitate emergency operations; (9) Improvement of local drainage to control increased runoff that might increase the danger of flooding to other properties;
(10) Coordination of plans with neighboring community's flood plain management programs; (11) The requirement that all new construction and substantial improvements in areas subject to subsidence be elevated above the base flood level equal to expected subsidence for at least a ten year period;
(12) For riverine areas, requiring subdividers to furnish delineations for floodways before approving a subdivision;
(13) Prohibition of any alteration or relocation of a watercourse, except as part of an overall drainage basin plan. In the event of an overall drainage basin plan, provide that the flood carrying capacity within the altered or relocated portion of the watercourse is maintained; (14) Requirement of setbacks for new construction within Zones V1-30, VE, and V on a community's FIRM;
(15) Requirement of additional elevation above the base flood level for all new construction and substantial improvements within Zones A1-30, AE, V1-30, and VE on the community's FIRM to protect against such occurrences as wave wash and floating debris, to provide an added margin of safety against floods having a magnitude greater than the base flood, or to compensate for future urban development;
(16) Requirement of consistency between state, regional and local comprehensive plans and flood plain management programs;
(17) Requirement of pilings or columns rather than fill, for the elevation of structures within flood-prone areas, in order to maintain the storage capacity of the flood plain and to minimize the potential for negative impacts to sensitive ecological areas;
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.22(c)(3)
44 CFR 60.22(c)(17) (enhanced display) page 18 of 22
[41 FR 46975, Oct. 26, 1976. Redesignated at 44 FR 31177, May 31, 1979, as amended at 50 FR 36025, Sept. 4, 1985; 54 FR 40284, Sept. 29, 1989]
§ 60.23 Planning considerations for mudslide (i.e., mudflow)-prone areas.

The planning process for communities identified under part 65 of this subchapter as containing Zone M, or which indicate in their applications for flood insurance pursuant to § 59.22 of this subchapter that they have mudslide (i.e., mudflow) areas, should include—
(18) Prohibition, within any floodway or coastal high hazard area, of plants or facilities in which hazardous substances are manufactured.
(19) Requirement that a plan for evacuating residents of all manufactured home parks or subdivisions located within flood prone areas be developed and filed with and approved by appropriate community emergency management authorities.
(a) The existence and extent of the hazard;
(b) The potential effects of inappropriate hillside development, including (1) Loss of life and personal injuries, and
(2) Public and private property losses, costs, liabilities, and exposures resulting from potential mudslide (i.e., mudflow) hazards;
(c) The means of avoiding the hazard including the
(1) availability of land which is not mudslide (i.e., mudflow)-prone and the feasibility of developing such land instead of further encroaching upon mudslide (i.e., mudflow) areas, (2) possibility of public acquisition of land, easements, and development rights to assure the proper development of hillsides, and
(3) advisability of preserving mudslide (i.e., mudflow) areas as open space; (d) The means of adjusting to the hazard, including the (1) establishment by ordinance of site exploration, investigation, design, grading, construction, filing, compacting, foundation, sewerage, drainage, subdrainage, planting, inspection and maintenance standards and requirements that promote proper land use, and (2) provision for proper drainage and subdrainage on public property and the location of public utilities and service facilities, such as sewer, water, gas and electrical systems and streets in a manner designed to minimize exposure to mudslide (i.e., mudflow) hazards and prevent their aggravation; (e) Coordination of land use, sewer, and drainage regulations and ordinances with fire prevention, flood plain, mudslide (i.e., mudflow), soil, land, and water regulation in neighboring communities; (f) Planning subdivisions and other developments in such a manner as to avoid exposure to mudslide (i.e., mudflow) hazards and the control of public facility and utility extension to discourage inappropriate development;
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.22(c)(18)
44 CFR 60.23(f) (enhanced display) page 19 of 22
§ 60.24 Planning considerations for flood-related erosion-prone areas.

The planning process for communities identified under part 65 of this subchapter as containing Zone E or which indicate in their applications for flood insurance coverage pursuant to § 59.22 of this subchapter that they have flood-related erosion areas should include—
(g) Public facility location and design requirements with higher site stability and access standards for schools, hospitals, nursing homes, orphanages, correctional and other residential institutions, fire and police stations, communication centers, electric power transformers and substations, water and sewer pumping stations and any other public or quasi-public institutions located in the mudslide (i.e., mudflow) area to enable them to withstand mudslide (i.e., mudflow) damage and to facilitate emergency operations; and
(h) Provision for emergencies, including:
(1) Warning, evacuation, abatement, and access procedures in the event of mudslide (i.e., mudflow), (2) Enactment of public measures and initiation of private procedures to limit danger and damage from continued or future mudslides (i.e., mudflow),
(3) Fire prevention procedures in the event of the rupture of gas or electrical distribution systems by mudslides,
(4) Provisions to avoid contamination of water conduits or deterioration of slope stability by the rupture of such systems,
(5) Similar provisions for sewers which in the event of rupture pose both health and site stability hazards and
(6) Provisions for alternative vehicular access and escape routes when normal routes are blocked or destroyed by mudslides (i.e., mudflow);
(i) The means for assuring consistency between state, areawide, and local comprehensive plans with the plans developed for mudslide (i.e., mudflow)-prone areas; (j) Deterring the nonessential installation of public utilities and public facilities in mudslide (i.e., mudflow)- prone areas.
(a) The importance of directing future developments to areas not exposed to flood-related erosion; (b) The possibility of reserving flood-related erosion-prone areas for open space purposes; (c) The coordination of all planning for the flood-related erosion-prone areas with planning at the State and Regional levels, and with planning at the level of neighboring communities; (d) Preventive action in E zones, including setbacks, shore protection works, relocating structures in the path of flood-related erosion, and community acquisition of flood-related erosion-prone properties for public purposes;
(e) Consistency of plans for flood-related erosion-prone areas with comprehensive plans at the state, regional and local levels.
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use 44 CFR 60.23(g)
44 CFR 60.24(e) (enhanced display) page 20 of 22
§ 60.25 Designation, duties, and responsibilities of State Coordinating Agencies. (a) States are encouraged to demonstrate a commitment to the minimum flood plain management criteria set forth in §§ 60.3, 60.4, and 60.5 as evidenced by the designation of an agency of State government to be responsible for coordinating the Program aspects of flood plain management in the State. (b) State participation in furthering the objectives of this part shall include maintaining capability to perform the appropriate duties and responsibilities as follows:
(1) Enact, whenever necessary, legislation enabling counties and municipalities to regulate development within flood-prone areas;
(2) Encourage and assist communities in qualifying for participation in the Program; (3) Guide and assist county and municipal public bodies and agencies in developing, implementing, and maintaining local flood plain management regulations;
(4) Provide local governments and the general public with Program information on the coordination of local activities with Federal and State requirements for managing flood-prone areas; (5) Assist communities in disseminating information on minimum elevation requirements for development within flood-prone areas;
(6) Assist in the delineation of riverine and coastal flood-prone areas, whenever possible, and provide all relevant technical information to the Federal Insurance Administrator; (7) Recommend priorities for Federal flood plain management activities in relation to the needs of county and municipal localities within the State;
(8) Provide notification to the Federal Insurance Administrator in the event of apparent irreconcilable differences between a community's local flood plain management program and the minimum requirements of the Program;
(9) Establish minimum State flood plain management regulatory standards consistent with those established in this part and in conformance with other Federal and State environmental and water pollution standards for the prevention of pollution during periods of flooding; (10) Assure coordination and consistency of flood plain management activities with other State, areawide, and local planning and enforcement agencies;
(11) Assist in the identification and implementation of flood hazard mitigation recommendations which are consistent with the minimum flood plain management criteria for the Program; (12) Participate in flood plain management training opportunities and other flood hazard preparedness programs whenever practicable.
(c) Other duties and responsibilities, which may be deemed appropriate by the State and which are to be officially designated as being conducted in the capacity of the State Coordinating Agency for the Program, may be carried out with prior notification of the Federal Insurance Administrator. (d) For States which have demonstrated a commitment to and experience in application of the minimum flood plain management criteria set forth in §§ 60.3, 60.4, and 60.5 as evidenced by the establishment and implementation of programs which substantially encompass the activities described in paragraphs (a), (b), and (c) of this section, the Federal Insurance Administrator shall take the foregoing into account when:
44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use
44 CFR 60.25
44 CFR 60.25(d) (enhanced display) page 21 of 22
[51 FR 30309, Aug. 25, 1986]
§ 60.26 Local coordination.
(1) Considering State recommendations prior to implementing Program activities affecting State communities;
(2) Considering State approval or certifications of local flood plain management regulations as meeting the requirements of this part.
(a) Local flood plain, mudslide (i.e., mudflow) and flood-related erosion area management, forecasting, emergency preparedness, and damage abatement programs should be coordinated with relevant Federal, State, and regional programs;
(b) A community adopting flood plain management regulations pursuant to these criteria should coordinate with the appropriate State agency to promote public acceptance and use of effective flood plain, mudslide, (i.e., mudflow) and flood-related erosion regulations; (c) A community should notify adjacent communities prior to substantial commercial developments and large subdivisions to be undertaken in areas having special flood, mudslide (i.e., mudflow) and/or floodrelated erosion hazards. 44 CFR Part 60 (up to date as of 2/23/2026)
Criteria for Land Management and Use 44 CFR 60.25(d)(1) 44 CFR 60.26(c) (enhanced display) page 22 of 22
Attachment 2
ORDINANCE NO. 533

AN ORDINANCE OF THE CITY OF MALIBU AMENDING MALIBU
MUNICIPAL CODE CHAPTER 15.20 TO MAKE TECHNICAL AMENDMENTS

TO THE FLOODPLAIN MANAGEMENT ORDINANCE AND FINDING THE

SAME EXEMPT FOR THE CALIFORNIA ENVIRONMENTAL QUALITY ACT The City Council of the City of Malibu does ordain as follows:

SECTION 1. Recitals
A. The National Flood Insurance Program (NFIP), administered by the Federal Emergency Management Agency (FEMA), provides federally subsidized flood insurance to property owners in participating communities that adopt and enforce floodplain management regulations meeting or exceeding the requirements of Title 44, Part 60 of the Code of Federal Regulations.

B. City of Malibu’s continued participation in the NFIP is necessary to ensure that City residents remain eligible to purchase federally subsidized flood insurance, and requires the City to administer and enforce floodplain management regulations in compliance with FEMA requirements.

C. FEMA generally discourages the placement of septic systems within coastal floodplains but allows such installations where a registered engineer or architect demonstrates, through a City-approved variance, that the floodplain is the only feasible location due to unique site characteristics, including lot size, geology, or proximity to the shoreline.

D. Under the City of Malibu’s existing floodplain management procedures, approval of variances requires a public hearing before the City Council, which can be time-intensive and may significantly delay rebuilding and recovery efforts.

E. In January 2025, the Palisades Fire damaged or destroyed more than 300 coastal properties, including seawalls that protect residential septic systems, creating an urgent need for timely rebuilding within FEMA-designated coastal floodplains.

F. City of Malibu seeks to facilitate efficient rebuilding for Palisades Fire–impacted properties while maintaining full compliance with FEMA and NFIP requirements.

G. The proposed amendments to Chapter 15.20 authorize the City Council to delegate authority to the Public Works Director, acting as the designated Floodplain Administrator, to issue expedited ministerial permits for variances limited to septic systems and associated seawalls constructed solely to protect the operation of septic systems for Palisades Fire rebuilds.

SECTION 2. California Environmental Quality Act.

The City Council hereby finds that adoption of the Ordinance is exempt from the California Environmental Quality Act ("CEQA") under the Class 7 Categorical Exemption for actions taken to assure protection of natural resources (CEQA Guideline 15307) and the Class 8 exemption for protection of the environment (CEQA Guideline 15308). An ordinance for the protection of life and property and protection of the environment is also covered by the common sense exemption that Ordinance No. 533

Page 2 of 22 ends

Malibu City CouncilMarch 9, 2026

Malibu City Council
March 9, 2026