PLEASE DOWNLOAD THE AGENDA DOCUMENT FOR
INSTRUCTIONS ON HOW TO PARTICIPATE IN THE MEETING
Meeting Agenda
CC_2606022_AGENDA_AMENDED.PDF
Item 1A1
Second Reading and Adoption of Ordinance No. 535
CC_2606022_ITEM_1A1.PDF
Item 1B2
Approve Warrants
CC_2606022_ITEM_1B2.PDF
Item 1B3
Approval of Minutes
CC_2606022_ITEM_1B3.PDF
Item 1B4
Investment Report for the Month Ending April 30, 2026
CC_2606022_ITEM_1B4.PDF
Item 1B5
Direct Review of the City’s Conflict of Interest Code
CC_2606022_ITEM_1B5.PDF
Item 1B6
1. Documents:
2. Documents:
3. Documents:
4. Documents:
5. Documents:
6. Documents:
7 CC_2606022_ITEM_1B5.PDF
Item 1B6
Letter of Support for Los Angeles County Supervisorial District 3 Proposition 4 Grant Funding Requests for Climate and Water Resilience Projects CC_2606022_ITEM_1B6.PDF
Item 1B7
Amendments to Agreements to Provide Plan Check Consulting Services CC_2606022_ITEM_1B7.PDF
Item 1B8
Amendment to Agreement with Clanton Engineering, Inc. to Provide Dark Sky Consulting Services
CC_2606022_ITEM_1B8.PDF
Item 1B9
Mobile High-Power Speaker Stations (MHPSS)
CC_2606022_ITEM_1B9.PDF
Item 1B10
Amendment to Professional Services Agreement with 30 Three Sixty Public Finance, Inc.
CC_2606022_ITEM_1B10.PDF
Item 1B11
Amendment to Professional Services Agreement with Rincon Consultants, Inc to Provide Water Quality Monitoring Services
CC_2606022_ITEM_1B11.PDF
Documents:
7. Documents:
8. Documents:
9. Documents:
10. Documents:
11. Documents:
12. Documents:
Amendment to Professional Services Agreement with Rincon Consultants, Inc to Provide Water Quality Monitoring Services
CC_2606022_ITEM_1B11.PDF
Item 1B12
Amendment to Professional Services Agreement with Rincon Consultants, Inc to Provide On-Call Environmental Consulting Services
CC_2606022_ITEM_1B12.PDF
Item 1B13
Professional Services Agreement with Yeh and Associates, Inc.
CC_2606022_ITEM_1B13.PDF
CC_2606022_ITEM_1B13_SUPPLEMENTAL.PDF
Item 1B14
Community Facilities District No. 2006-1 (Carbon Beach Utility Undergrounding) – Levy of Special Tax for Fiscal Year 2026-2027
CC_2606022_ITEM_1B14.PDF
Item 1B15
Resolution Extending the Declaration of the Existence of a Local Emergency Regarding Conditions on Pacific Coast Highway (PCH)
CC_2606022_ITEM_1B15.PDF
Item 1B16
Resolution Extending the Declaration of the Existence of a Local Emergency Regarding the Palisades Fire
CC_2606022_ITEM_1B16.PDF
Item 1B17
Termination of the State of a Local Emergency Regarding the Franklin Fire Documents:
13. Documents:
14. Documents:
15. Documents:
16. Documents:
17. Documents:
18. CC_2606022_ITEM_1B16.PDF
Item 1B17
Termination of the State of a Local Emergency Regarding the Franklin Fire CC_2606022_ITEM_1B17.PDF
Item 1B18
Adoption of Resolution 26-43 Amending the Fiscal Year 2025-26 Appropriations Limit Established Pursuant to Article XIII B of the California Constitution CC_2606022_ITEM_1B18.PDF
Item 1B19
SCE Utility Easement Acceptance for the Malibu Skate Park Project CC_2606022_ITEM_1B19.PDF
Item 1B20
Professional Services Agreement for Geotechnical, Coastal Engineering, and Environmental Health Review Consulting Services
CC_2606022_ITEM_1B20.PDF
Item 5A
Proposed Budget for FY 2026-27 and General Fund Grants
CC_2606022_ITEM_5A.PDF
Item 5B
Civic Center Water Treatment Facility Annual Wastewater Service Charges CC_2606022_ITEM_5B.PDF
Item 5C
Proposed Wireless Moratorium and Federal/State Law
18. Documents:
19. Documents:
20. Documents:
21. Documents:
22. Documents:
23. Documents:
24. CC_2606022_ITEM_5B.PDF
Item 5C
Proposed Wireless Moratorium and Federal/State Law
CC_2606022_ITEM_5C.PDF
Item 7A
Malibu Disaster Recovery District
CC_2606022_ITEM_7A.PDF
Item 7B
PaliBu Chamber of Commerce Event Fee Waiver
CC_2606022_ITEM_7B.PDF
Item 7C
Formation of the Community Brigade Ad Hoc Committee
CC_2606022_ITEM_7C.PDF
Item 8A
2026-27 Harry Barovsky Memorial Youth Commission Appointments CC_2606022_ITEM_8A.PDF
Item 8B
Public Safety Commission Ex Officio Member
CC_2606022_ITEM_8B.PDF
24. Documents:
25. Documents:
26. Documents:
27. Documents:
28. Documents:
29. 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, June 22, 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 Closed Session, Consent Calendar Item No. 1.B.20, Ordinance and Public Hearing Item No. 5.C., and the modified recommended action for Consent Calendar Item Nos. 1.B.13.
AMENDED City Council Regular Meeting Agenda Page - 2 - June 22, 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 – Existing litigation pursuant to Government Code Section 54956.9(d)(1):
1. YIMBY v. Newsom, et al., LASC Case No. 25STCP04761
Conference with Legal Counsel – Anticipated Litigation
1. Significant exposure to litigation pursuant to paragraph (2) and/or (3) of subdivision (d) of Government Code section 54956.9
Number of cases: 1 (Alleged violations of NPDES Permit for Big Rock Mesa Drainage Facility) 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 – June 12, 2026; Amended Agenda June 18, 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
1. Second Reading and Adoption of Ordinance No. 535
Recommended Action: Conduct second reading, unless waived, and adopt Ordinance No. 535, approving an amendment to Title 17 (Zoning) of the Malibu Municipal Code (MMC) approving Zoning Text Amendment (ZTA) No. 25-003 to update Accessory Dwelling Unit (ADU) regulations and determining the amendments are exempt from the California Environmental Quality Act (CEQA).
Staff Contact: City Clerk Pettijohn, 456-2489, ext. 288 AMENDED City Council Regular Meeting Agenda Page - 3 - June 22, 2026 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
2. Approve Warrants
Recommended Action: Allow and approve warrant demand numbers 79183-79299 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. 792 in the amount of the warrant appearing opposite their names, for the purposes stated on the respective demands in a total amount of $678,763.80. City of Malibu payroll check number 5583-5585 and ACH deposits were issued in the amount of $559,739.49.
Staff Contact: Assistant City Manager Smith, 456-2489, ext. 239
3. Approval of Minutes
Recommended Action: Approve the minutes for the October 27, 2025 Regular Meeting and the November 10, 2025 Regular Meeting.
Staff Contact: City Clerk Pettijohn, 456-2489, ext. 228
4. Investment Report for the Month Ending April 30, 2026 Recommended Action: Receive the Investment Report for the month ending April 30, 2026.
Staff Contact: Assistant City Manager Smith, 456-2489, ext. 239
5. Direct Review of the City’s Conflict of Interest Code Recommended Action: Direct the City Manager to have staff review the City’s Conflict of Interest Code per Gov. Code 87306.5. and, if a change is necessary, file the Biennial Notice by October 1, 2026, and submit an amended Conflict of Interest Code to the Council for review before December 30, 2026.
Staff Contact: City Clerk Pettijohn, 456-2489, ext. 228
6. Letter of Support for Los Angeles County Supervisorial District 3 Proposition 4 Grant Funding Requests for Climate and Water Resilience Projects Recommended Action: Authorize the Mayor to sign a Letter of Support for Los Angeles County Supervisorial District 3’s Proposition 4 grant funding requests for climate and water resilience projects that benefit the Malibu community and surrounding region.
Staff Contact: Assistant City Manager DuBoux, 456-2489, ext. 339 AMENDED City Council Regular Meeting Agenda Page - 4 - June 22, 2026
7. Amendments to Agreements to Provide Plan Check Consulting Services Recommended Action: 1) Authorize the Mayor to execute Amendment No. 1 to Agreement with True North Compliance Services, Inc.; and 2) Authorize the Mayor to execute Amendment No. 2 to Agreement with Bureau Veritas North America, Inc.
Staff Contact: Community Development Director Bundy, 456-2489, ext. 229
8. Amendment to Agreement with Clanton Engineering, Inc. to Provide Dark Sky Consulting Services
Recommended Action: Authorize the Mayor to execute Amendment No. 1 to Agreement with Clanton Engineering, Inc.
Staff Contact: Community Development Director Bundy, 456-2489, ext. 229
9. Mobile High-Power Speaker Stations (MHPSS)
Recommended Action: Authorize the Mayor to accept and sign the Memorandum of Understanding for the Mobile High-Power Speaker Stations (MHPSS) from the City of Los Angeles.
Staff Contact: Public Safety Director Dueñas, 456-2489, ext. 313
10. Amendment to Professional Services Agreement with 30 Three Sixty Public Finance, Inc.
Recommended Action: Authorize the Mayor to execute Amendment No. 2 to the Professional Services Agreement with 30 Three Sixty Public Finance, Inc. to increase the compensation in the amount of $77,054 for a total not to exceed $352,486 and extend the term of the agreement for one year, ending on June 30, 2027.
Staff Contact: Assistant Public Works Director Holden, 456-2489, ext. 338
11. Amendment to Professional Services Agreement with Rincon Consultants, Inc to Provide Water Quality Monitoring Services
Recommended Action: Authorize the Mayor to execute Amendment No. 1 to the Professional Services Agreement with Rincon Consultants, Inc. (Rincon) increasing the compensation in the amount of $229,231 for a total not to exceed $862,231 and allowing for a one-year extension through June 30, 2027, to provide water quality monitoring services for the Civic Center Wastewater Treatment Facility (CCWTF).
Staff Contact: Assistant Public Works Director Holden, 456-2489, ext. 338
AMENDED City Council Regular Meeting Agenda Page - 5 - June 22, 2026
12. Amendment to Professional Services Agreement with Rincon Consultants, Inc to Provide On-Call Environmental Consulting Services
Recommended Action: Authorize the Mayor to execute Amendment No. 2 to the Professional Services Agreement with Rincon Consultants, Inc. (Rincon) to reduce the annual compensation from $960,000 to $600,000, revise the scope of work to update support services related to the Clean Water Program, compliance support and Salt and Nutrient Management Plan strategy and extend the term of the agreement through July 1, 2028.
Staff Contact: Assistant Public Works Director Holden, 456-2489, ext. 338
13. Professional Services Agreement with Yeh and Associates, Inc.
Recommended Action: Continue this item to the July 13, 2026 Regular City Council Meeting.
Staff Contact: Assistant Public Works Director Holden, 456-2489, ext. 338
14. Community Facilities District No. 2006-1 (Carbon Beach Utility Undergrounding) – Levy of Special Tax for Fiscal Year 2026-2027
Recommended Action: Adopt Resolution No. 26-36 of the City Council of the City of Malibu acting in its capacity as the legislative body of Community Facilities District (CFD) No. 2006-1 of the City of Malibu (Carbon Beach Utility Undergrounding) authorizing the levy of a special tax for Fiscal Year (FY) 2026-27.
Staff Contact: Assistant Public Works Director Holden, 456-2489, ext. 338
15. Resolution Extending the Declaration of the Existence of a Local Emergency Regarding Conditions on Pacific Coast Highway (PCH)
Recommended Action: Adopt Resolution No. 26-40 extending the declaration of the existence of a local emergency related to the increase of reckless and illegal driving on Pacific Coast Highway and directing staff to coordinate efforts with other governmental agencies to increase attention and create programs to reduce the risk and danger associated with Pacific Coast Highway in the City.
Staff Contact: City Clerk Pettijohn, 456-2489, ext. 228
16. Resolution Extending the Declaration of the Existence of a Local Emergency Regarding the Palisades Fire
Recommended Action: Adopt Resolution No. 26-41, 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
AMENDED City Council Regular Meeting Agenda Page - 6 - June 22, 2026
17. Termination of the State of a Local Emergency Regarding the Franklin Fire Recommended Action: Adopt Resolution No. 26-42 terminating the state of local emergency declared as a result of the December 9, 2024 Franklin Fire.
Staff Contact: City Clerk Pettijohn, 456-2489, ext. 228
18. Adoption of Resolution 26-43 Amending the Fiscal Year 2026-27 Appropriations Limit Established Pursuant to Article XIII B of the California Constitution Recommended Action: Adopt Resolution No. 26-43 rescinding Resolution 25-38 and restating the Fiscal Year 2025-26 Appropriations Limit due to an administrative calculation error identified in the previously adopted calculation.
Staff Contact: Assistant City Manager Smith, 456-2489, ext. 239
19. SCE Utility Easement Acceptance for the Malibu Skate Park Project Recommended Action: 1) Adopt Resolution No. 26-35 granting a utility easement to Southern California Edison (SCE), 2) Direct City staff to record a certified copy of the resolution and easement in the Office of the County Recorder, and 3) Direct City staff to take any other reasonable and necessary actions to implement and effectuate the easement, including the recordation of the easement and any related actions required to finalize the easement.
Staff Contact: Assistant Public Works Director Holden, 456-2489, ext. 338
20. Professional Services Agreement for Geotechnical, Coastal Engineering, and Environmental Health Review Consulting Services
Recommended Action: Authorize the Mayor to execute a professional services agreement with Cotton, Shires and Associates, Inc. to provide geotechnical, coastal engineering, and environmental health review consulting services
Staff Contact: Community Development Director Bundy, 456-2489, ext. 229
2. Ceremonial/Presentations
A. Presentation of the Mike Treinen Public Safety Award to Chris Frost B. Presentation of Commendation to Assistant City Manager Rob DuBoux in recognition of his service to the City
3. Commission / Committee / City Manager Updates
AMENDED City Council Regular Meeting Agenda Page - 7 - June 22, 2026
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
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. Proposed Budget for FY 2026-27 and General Fund Grants Recommended Action: 1) Conduct a public hearing to comply with AB 2561 regarding City vacancies; 2) Conduct a public hearing on the FY 2026-27 budget; 3) Adopt Resolution No. 26- 44 adopting the Annual Budget for Fiscal Year (FY) 2026-27; 4) Adopt Resolution No. 26-45 establishing the Appropriations Limit for FY 2026-27; 5) Adopt Resolution No. 26-46 approving the FY 2026-27 Authorized Positions and Salary Ranges and revised and new Class Specifications; 6) Review the Schedule of Fees for FY 2026-27 and provide direction on the Planning Division Appeal Fee; 7) Approve the FY 2026-27 General Fund Grant Allocations.
Staff Contact: Assistant City Manager Smith, 456-2489, ext. 239 B. Civic Center Water Treatment Facility Annual Wastewater Service Charges Recommended Action: 1) Conduct the Public Hearing to receive public testimony and consider all protest concerning the adoption of the Engineer’s Report regarding levy of wastewater service charges through property taxes; and 2) Unless there are protests from majority of the effected property owners, adopt Resolution No. 26-37 approving the Engineer’s Report and collection of wastewater service charges on the Los Angeles County tax rolls for Fiscal Year (FY) 2026-27.
Staff Contact: Assistant Public Works Director Holden, 456-2489, ext. 338 C. Proposed Wireless Moratorium and Federal/State Law
Recommended Action: Receive and file this report regarding wireless moratoria and federal and state law relevant to the matter. Per the Council’s direction, a draft urgency ordinance to impose a moratorium on approval of additional use permits, variances, building permits, or any other applicable entitlement for wireless telecommunication facilities has been provided as Attachment
1. Adoption of the ordinance is not recommended so that the City can remain in compliance with federal law and avoid the risk of applications being deemed granted.
Alternative Action: After the City Attorney reads the title of the ordinance, adopt Urgency Ordinance No. 536U, establishing a 45-day moratorium prohibiting approval of permits for wireless telecommunication facilities, declaring the urgency thereof, and finding the action exempt AMENDED City Council Regular Meeting Agenda Page - 8 - June 22, 2026 from CEQA.
Staff Contact: Interim City Attorney Rusin, 456-2489, ext. 228
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. Malibu Disaster Recovery District
Recommended Action: 1) Adopt Resolution No. 26- 38, declaring the City’s intention to establish the Malibu Disaster Recovery District (MDRD) and establishing the MDRD governing Public Financing Authority (PFA); and 2) Appoint two members and one alternative member from the City Council to the PFA and discuss the approach for appointing one or two members of the public to the PFA.
Staff Contact: Assistant City Manager DuBoux, 456-2489, ext. 339 B. PaliBu Chamber of Commerce Event Fee Waiver
Recommended Action: Consider whether to approve the request from the PaliBu Chamber of Commerce (PaliBu) to waive facility use fees and staffing costs associated with the Recovery Expo event held on Saturday, May 16, 2026.
Staff Contact: Community Services Director Riesgo, 456-2489, ext. 350 C. Formation of the Community Brigade Ad Hoc Committee
Recommended Action: 1) Consider establishing the Community Brigade Ad Hoc Committee to investigate issues related to Community Brigade operations, structure, and ongoing litigation, and to report back to the City Council; and 2) Appoint two Councilmembers to serve on the Community Brigade Ad Hoc Committee.
Staff Contact: City Clerk Pettijohn, 456-2489, ext. 228
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.
A. 2026-27 Harry Barovsky Memorial Youth Commission Appointments Recommended Action: Appoint Commissioners to the 2026-27 Harry Barovsky Memorial Youth Commission.
Staff Contact: Community Services Director Riesgo, 456-2489, ext. 350
AMENDED City Council Regular Meeting Agenda Page - 9 - June 22, 2026 B. Public Safety Commission Ex Officio Member
Recommended Action: Consider removing the City Council at-large appointee from the Ex Officio position on the Public Safety Commission.
Staff Contact: City Clerk Pettijohn, 456-2489, ext. 228 Adjournment
Future Regular Meetings
Monday, July 13, 2026 5:30 p.m. Regular City Council Meeting City Hall Council Chambers Monday, July 27, 2026 CANCELLED
Monday, August 10, 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 AMENDED City Council Regular Meeting Agenda Page - 10 - June 22, 2026 Code Section 54957.5.b.2). Copies of staff reports and written materials may be purchased for $0.10 per page.
The City Hall phone number is (310) 456-2489. To contact City Hall using a telecommunication device for the deaf (TDD), please call (800) 735-2929 and a California Relay Service operator will assist you. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact Environmental Sustainability Director Yolanda Bundy, (310) 456-2489, ext. 229. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting. [28 CFR 35.102-35.104 ADD Title II].
Requests to show an audio or video presentation during a Council meeting should be directed to the Media Team at [email protected]. Material must be submitted by 12:00 p.m. on the meeting day.
I hereby certify under penalty of perjury, under the laws of the State of California that the foregoing agenda was posted in accordance with the applicable legal requirements. Regular and Adjourned Regular meeting agendas may be amended up to 72 hours in advance of the meeting. Dated this 18th day of June 2026 at 8:00 p.m.
Kelsey Pettijohn, City Clerk
Agenda Item # 1.A.1.
Council Agenda Report
To: Mayor Silverstein and the Honorable Members of the City Council Prepared by: Kelsey Pettijohn, City Clerk
Approved by: Joseph D. Irvin, City Manager
Date prepared: June 10, 2026 Meeting date: June 22, 2026 Subject: Second Reading and Adoption of Ordinance No. 535 RECOMMENDED ACTION: Conduct second reading, unless waived, and adopt Ordinance No. 535, approving an amendment to Title 17 (Zoning) of the Malibu Municipal Code (MMC) approving Zoning Text Amendment (ZTA) No. 25-003 to update Accessory Dwelling Unit (ADU) regulations and determining the amendments are exempt from the California Environmental Quality Act (CEQA).
FISCAL IMPACT: Funding for this project is included in the Adopted Budget for Fiscal Year 2025-26.
STRATEGIC IMPLEMENTATION PLAN: This item advances Goal 1, Objective 1.2 of the 2025–2028 Strategic Plan by modernizing development policies and streamlining permitting procedures consistent with state housing law.
DISCUSSION: On June 8, 2026, the Council introduced on first reading Ordinance No. 535.
ATTACHMENTS: Ordinance No. 535
City Council Meeting
06-22-26
Item
1.A.1.
Attachment 1
ORDINANCE NO. 535
AN ORDINANCE OF THE CITY OF MALIBU APPROVING ZONING TEXT AMENDMENT NO. 25-003 AN AMENDMENT TO TITLE 17 (ZONING) OF
THE MALIBU MUNICIPAL CODE TO UPDATE ACCESSORY DWELLING
UNIT REGULATIONS AND DETERMINING THE AMENDMENTS ARE
EXEMPT FROM THE CALIFORNIA ENVIRONMENTAL QUALITY ACT
The City Council of the City of Malibu does ordain as follows.
SECTION 1. Recitals.
A. State law authorizes cities to act by ordinance to provide for the creation and regulation of accessory dwelling units (ADUs) and junior accessory dwelling units (JADUs).
B. On January 8, 2024, the City Council adopted Ordinance No. 511 to update the second-unit regulations and establish the City’s ADU/JADU framework.
C. On February 1, 2024, the City transmitted Ordinance No. 511 to the California Department of Housing and Community Development (HCD) for review pursuant to Government Code section 66326.
D. On November 13, 2024, HCD issued a written findings letter identifying required amendments and clarifications to ensure consistency with State ADU and JADU law.
E. On August 11, 2025, the City Council adopted Resolution No. 25-41 to: 1) initiate Zoning Text Amendment (ZTA) No. 25-003 to update ADU regulations consistent with State law; and 2) direct the Planning Commission to schedule a public hearing regarding the ZTA and provide a recommendation to the Council whether to approve, modify, or reject the amendments.
F. On August 18, 2025, the Planning Commission held a duly noticed public hearing on the proposed ADU amendments on ZTA No. 25-003, reviewed and considered the agenda report, reviewed and considered written reports, public testimony, and other information on the record and recommended adoption of Resolution No. 25-65 as amended.
G. To remain valid and enforceable, the City’s ADU ordinance must be updated to reflect the most recent changes to State ADU and JADU law.
H. Since the August 18, 2025 hearing, ZTA No. 25-003 was not adopted so that the City could revise the amendment to incorporate additional State ADU and JADU legislation has taken effect or will take effect later in 2026, including, but not limited to, Assembly Bill (AB) 462, AB 1154, Senate Bill (SB) 9 (2025), SB 543, and SB 1211.
I. On January 20, 2026, the Planning Commission held a duly noticed public hearing on the revised draft of ZTA No. 25-003 incorporating new state law and clarifications, reviewed Ordinance No. 535
____________________
the agenda report, written materials, public testimony, and all evidence in the record, and adopted Resolution No. 26-03 recommending City Council approval.
J. Following the January 20, 2026, hearing, staff identified the need for a reduced setback provision for ADUs attached to fire rebuild replacement structures authorized under Malibu Municipal Code (MMC) Section 17.60.020(C) and returned the item to the Planning Commission for consideration of the additional provision.
K. On March 26, 2026, a Notice of Planning Commission Public Hearing was timely published in a newspaper of general circulation within the City of Malibu and mailed to interested parties.
L. On April 20, 2026, the Planning Commission held a duly noticed public hearing on the revised draft of ZTA No. 25-003 to include a reduced setback provision for fire rebuilds; and reviewed the agenda report, written materials, public testimony, and all evidence in the record; and adopting Resolution No. 26-16, amending the Commission’s prior recommendation on January 20, 2026 (Resolution No. 26-03) to include a setback provision for ADUs attached to beachfront fire rebuild replacement structures and recommending that the City Council approve revised ZTA No. 25-003, with no other changes to the proposed amendments.
M. On May 14, 2026, a Notice of City Council Public Hearing was published in a newspaper of general circulation within the City of Malibu and mailed to interested parties.
N. On June 8, 2026, the City Council held a duly noticed public hearing on the proposed ZTA No 25-003, reviewed and considered the agenda report, reviewed and considered written reports, public testimony, and other information on the record. The City Council conducted a first reading and introduction of the Ordinance and directed staff to set a second reading for adoption of Ordinance No. XXX, approving ZTA No. 25-003.
SECTION 2. Environmental Review.
The actions before the City Council are exempt from the requirements of the California Environmental Quality Act (CEQA) pursuant to Public Resources Code Section 21080.17, which states that CEQA does not apply to the adoption of local ordinances regulating the construction of second units and by CEQA Guidelines Section 15282(h) that exempts adoption of an ordinance regarding second units in single-family and multifamily residential zones.
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Furthermore, the City Council has analyzed the proposed amendments. CEQA applies only to projects which have the potential for causing a significant effect on the environment. Pursuant to CEQA Guidelines Section 15061(b)(3), where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. The City Council determined that the proposed amendments are required by State law and will not result in changes from existing development standards, such as density limits and environmental resource protection standards; consequently, there is no possibility the amendment will have a significant effect on the environment and accordingly, and the exemption set forth in Section 15061(b)(3) applies.
SECTION 3. Zoning Text Amendment Findings.
Pursuant to MMC Section 17.74.040(C), the City Council hereby makes the following findings to approve ZTA No. 25-003 as stated in Section 4 of this ordinance.
A. The subject ZTA is consistent with the objectives, policies, general land uses and programs specified in the General Plan. Specifically, it fulfills programs specified in Housing Element Goal 1 (Adequate Housing for the Existing and Projected Needs of All Economic Segments of the Community), and Housing Element Program 4.1 (Support Development of Accessory Dwelling Units) and Objective 1.e (timely updates to the ADU ordinance to maintain compliance with State law).
B. The City Council held a public hearing, reviewed the subject ZTA for compliance with the City of Malibu General Plan and MMC, and finds that the ZTA is consistent with the General Plan and MMC. The City Council finds that the adoption of the Ordinance is consistent with the General Plan as a matter of law under Government Code section 66314(c).
SECTION 4. Zoning Text Amendments.
Pursuant to MMC Section 17.74.040(D), the MMC shall be amended as follows:
A. Amend MMC Chapter 17.44 in its entirety as set forth below:
CHAPTER 17.44
ACCESSORY DWELLING UNITS
17.44.010. Title.
This chapter shall be known as the "Malibu Accessory Dwelling Unit Ordinance." Ordinance No. 535
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17.44.020. Purpose.
The purpose of this chapter is to allow and regulate accessory dwelling units (ADUs) and junior accessory dwelling units (JADUs) in compliance with Chapter 13 of Division 1 of Title 7 of the California Government Code. The entire city of Malibu is located in a designated “Very High Fire Hazard Severity Zone,” and this chapter ensures that ADUs and JADUs are developed and operated on adequate sites, at proper and desirable locations, and that the goals and objectives of the general plan are observed.
17.44.030. Effect of conforming.
An ADU or JADU that conforms to the standards in this chapter will be:
A. Deemed to be consistent with the city's general plan and zoning designation for the lot on which the ADU or JADU is located.
B. Deemed not to exceed the allowable density for the lot on which the ADU or JADU is located.
C. Considered not to be subject to the application of any local ordinance, policy, or program to limit residential growth.
D. Approved without requiring the correction of a nonconforming zoning condition. This does not prevent the city from enforcing compliance with applicable building standards in accordance with Health and Safety Code Section 17980.12. For purposes of this chapter, "nonconforming zoning condition" means a physical improvement on a property that does not conform with current zoning standards.
17.44.040. Definitions.
A. "Accessory dwelling unit" means an attached or a detached residential dwelling unit that provides complete independent living facilities for one or more persons and is located on a lot with a proposed or existing primary residence. An accessory dwelling unit also includes the following:
1. An efficiency unit, as defined by Section 17958.1 of the California Health and Safety Code; and
2. A manufactured home, as defined by Section 18007 of the California Health and Safety Code.
B. “Accessory structure” means a structure that is accessory and incidental to a dwelling located on the same lot.
C. “Complete independent living facilities” means permanent provisions for living, sleeping, eating, cooking, and sanitation on the same parcel as the single-family or Ordinance No. 535
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multifamily dwelling is or will be situated.
D. "Efficiency kitchen" means a kitchen that satisfies all of the following:
1. A cooking facility with appliances;
2. A food preparation counter and storage cabinets that are of a reasonable size in relation to the size of the JADU.
E. "Junior accessory dwelling unit" means a residential unit that
1. Is no more than 500 square feet of interior livable space in size;
2. Is contained entirely within an existing or proposed single-family structure; an enclosed use within the residence, such as an attached garage, is considered to be a part of and contained within the single-family structure;
3. Has an independent exterior entrance, apart from that of the primary dwelling;
4. Either includes its own separate sanitation facilities or shares sanitation facilities with the existing or proposed single-family structure, and if the latter, the JADU includes an interior entrance to the main living area of the existing or proposed single-family structure in addition to the exterior entrance to the JADU; and
5. Includes an efficiency kitchen, as defined in this subsection D.
F. “Livable space” means a space in a dwelling intended for human habitation, including living, sleeping, eating, cooking, or sanitation.
G. “Living area” means the interior habitable area of a dwelling unit, including basements and attics, but does not include a garage or any accessory structure.
H. "Passageway" means a pathway that is unobstructed clear to the sky and extends from a street to one entrance of the accessory dwelling unit or junior accessory dwelling unit.
I. "Proposed dwelling" means a dwelling that is the subject of a permit application and that meets the requirements for permitting.
J. "Public transit" means a location, including, but not limited to, a bus stop or train station, where the public may access buses, trains, or subways and other forms of transportation that charge set fares, run on fixed routes, and are available to the public.
K. "Tandem parking" means that two or more automobiles are parked on a driveway or in any other location on a lot, lined up behind one another.
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L. Very high fire hazard severity zone" means zone as defined by Government Code Section 51177 and designated by Ordinance No. 299 and the City’s adopted Local Responsibility Area Fire Hazard Severity Zone Maps, as may be amended from time to time.
17.44.050. Permitted locations.
A. ADUs and JADUs under Section 17.44.060(A) are allowed on lots that are in a residential or mixed-use zone.
B. ADUs under Section 17.44.060(B) are allowed on lots zoned to allow single-family or multifamily dwelling residential use.
C. Areas with Adequate Ingress and Egress. Since the entire City is located within a designated “Very High Fire Hazard Severity Zone,” emergency ingress and egress shall be evaluated consistent with the City’s adopted Fire Code (2025 California Fire Code, as amended), including the fire apparatus access road requirements set forth in California Fire Code Section 503, as enforced by the Los Angeles County Fire Department. Nothing in this subsection is intended to establish a zoning-based prohibition on ADUs or JADUS. Compliance with Fire Code and Building Code requirements is required; however, such requirements shall not be used as a zoningbased basis to deny an ADU or JADU that must be approved ministerially under State law.
17.44.060. Approvals.
The following approvals apply to ADUs and JADUs developed under this chapter. Because the city of Malibu lies entirely within the Coastal Zone, ADU applications may be subject to the requirements in the Local Coastal Program (LCP) in addition to the provisions of this chapter. If an ADU application is exempt from the need to obtain a coastal development permit, then only this chapter governs.
A. Class 1: Statutorily Regulated. Class 1 ADUs and JADUs are approved under Government Code Section 66323. If an ADU orJADU complies with each ofthe general requirements in Section 17.44.080 below, it is allowed subject to an ADU permit and a building permit in the following scenarios provided in this subsection (A). An ADU and JADU approved under subsection (A)(1) may be combined with an ADU approved under subsection (A)(2), and ADUs approved under subsection (A)(3) may be combined with ADUs approved under subsection (A)(4).
1. Converted on a Lot with Single-Family. One ADU as described in this subsection (A)(1) and one JADU on a lot with a proposed or existing singlefamily dwelling on it, where the ADU or JADU:
a. Is either: within the space of a proposed single-family dwelling; within the existing space of an existing single-family dwelling; or (in the case Ordinance No. 535
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of an ADU only) within the existing space of an accessory structure, plus up to 150 additional square feet if the expansion is limited to accommodating ingress and egress; and
b. Has exterior access that is independent of that for the single-family dwelling; and
c. Has side and rear setbacks sufficient for fire and safety, as dictated by applicable building and fire codes.
d. The JADU complies with the requirements of Government Code Sections 66333 through 66339.
2. Limited Detached on a Lot with Single-Family. One detached, newconstruction ADU on a lot with a proposed or existing single-family dwelling (in addition to any JADU that might otherwise be established on the lot under subsection (A)(1) above if the detached ADU satisfies each of the following limitations:
a. The side- and rear-yard setbacks are at least four feet. b. The total floor area is 800 square feet or smaller.
c. The peak height above grade does not exceed the applicable height limit in subsection 17.44.080(K) below.
3. Converted on a Lot with Multifamily. One or more ADUs within portions of existing multifamily dwelling structures that are not used as livable space, including, but not limited to, storage rooms, boiler rooms, passageways, attics, basements, or garages, if each converted ADU complies with state building standards for dwellings. Under this subsection (A)(3) at least one converted ADU is allowed within an existing multifamily dwelling, up to a quantity equal to 25 percent of the existing multifamily dwelling units.
4. Limited Detached on a Lot with Multifamily. No more than two detached ADUs on a lot that has a proposed multifamily dwelling, or up to eight detached ADUs on a lot with an existing multifamily dwelling, if each detached ADU satisfies both of the following limitations:
a. The side- and rear-yard setbacks are at least four feet. If the existing multifamily dwelling has a rear or side yard setback of less than four feet, the city will not require any modification to the multifamily dwelling as a condition of approving the ADU.
b. The peak height above grade does not exceed the applicable height limit provided in subsection 17.44.080(K) below.
c. If the lot has an existing multifamily dwelling, the quantity of detached Ordinance No. 535
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ADUs does not exceed the number of primary dwelling units on the lot.
B. Class 2: Locally Regulated. Class 2 ADUs are approved under Government Code sections 66314–66322.
1. Except as allowed under subsection A, all ADUs require an ADU permit and a building permit and must comply with the standards set forth in Sections
17.44.080 and 17.44.090.
2. The city may charge a fee to reimburse it for costs incurred in processing ADU permits, including the costs of adopting or amending the city's ADU ordinance.
The ADU permit processing fee is determined by the city council by resolution.
17.44.070. Process and timing.
A. Completeness.
1. Determination in 15 days. The city will determine whether an application to create or serve an ADU or JADU is complete and will provide written notice of the determination to the applicant within 15 business days after the city receives the application submittal.
2. Incomplete items. If the city’s determination under subsection (A)(1) above is that the application is incomplete, the city’s notice must list the incomplete items and describe how the application can be made complete.
3. Cure. After receiving a notice that the application is incomplete, the applicant may cure and address the items that were deemed by the city to be incomplete.
4. Subsequent submittals. If the applicant submits additional information to address incomplete items, within 15 business days of the subsequent submittal the city will determine in writing whether the additional information remedies all the incomplete items that the city identified in its original notice. The city may not require the application to include an item that was not included in the original notice.
5. Deemed complete. If the city does not make a timely determination as required by this subsection (A), the application or resubmitted application is deemed complete for the purposes of subsection (C) below.
6. Appeal of incompleteness. An applicant may appeal the city’s determination that the application is incomplete by submitting a written appeal to the city clerk. The planning commission will review the written appeal and affirm or reverse the completeness determination and provide a final written determination to the applicant within 60 business days after receipt of the appeal.
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B. No Discretion or Hearing. An ADU permit is considered and approved ministerially by the community development director without discretionary review or a hearing.
C. Deadline to Approve or Deny Ministerial Approvals. The city must approve or deny an application to create an ADU or JADU within 60 days from the date that the city receives a complete application. If the city has not approved or denied the completed application within 60 days, the application is deemed approved, unless either:
1. The applicant requests a delay, in which case the 60-day time period is tolled for the period of the requested delay, or
2. When an application to create an ADU or JADU is submitted with a permit application to create a new single-family or multifamily dwelling on the lot, the city may delay acting on approving or denying the permit application for the ADU or JADU until the city acts on the permit application to create the new single-family or multifamily dwelling, but the application to create the ADU or JADU will still be considered ministerially without discretionary review or a hearing.
D. Denial. If the city denies an application to create an ADU or JADU, the city must provide the applicant with comments that include, among other things, a list of all the defective or deficient items and a description of how the application may be remedied by the applicant. Notice of the denial and corresponding comments must be provided to the applicant within the 60-day time period established by subsection C above.
E. Appeal of Denial. An applicant may appeal the city’s denial of the application by submitting a written appeal to the city clerk. The planning commission will review the written appeal and affirm or reverse the denial and provide a final written determination to the applicant within 60 business days after receipt of the appeal.
F. Concurrent Review of Demolition. A demolition permit for a detached garage that is to be replaced with an ADU is reviewed with the application for the ADU and issued at the same time.
17.44.080. General requirements.
The following requirements apply to all Class 1 and Class 2 ADUs and JADUs:
A. Zoning.
1. A Class 1 Statutorily Regulated ADU approved under Section 17.44.060(A) may be created on a lot in a residential or mixed-use zone.
2. A Class 2 Locally Regulated ADU approved under Section 17.44.060(B) may be created on a lot that is zoned to allow single-family dwelling residential use or multifamily dwelling residential use.
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3. In accordance with Government Code section 66333(a), a JADU may only be created on a lot zoned to allow single-family residences.
B. Rental Term. An ADU or JADU may not be rented for a term that is shorter than 30 days. This prohibition applies regardless of when the ADU or JADU was created.
C. Rental Rate Reporting. To facilitate the city's obligation to identify adequate sites in accordance with Government Code Sections 65583.1 and 66330, and to help ADUs and JADUs to count towards the city's Regional Housing Needs Assessment (RHNA) requirements, within 90 days after each January 1 following issuance of the building permit, the owner shall report the actual rent charged for the ADU or JADU during the prior year.
D. No Separate Conveyance. An ADU or JADU may be rented, but, except as otherwise provided in Government Code Section 66341, no ADU may be sold or otherwise conveyed separately from the lot and the primary dwelling (in the case of a singlefamily lot) or from the lot and all of the dwellings (in the case of a multifamily lot). A JADU may not be sold or otherwise conveyed separately from the lot and the primary dwelling.
E. Septic System. If the ADU or JADU will connect to an on-site water treatment system, the owner must include with the application a percolation test completed within the last five years or, if the percolation test has been recertified, within the last 10 years.
F. Fire Sprinklers.
1. Fire sprinklers are required in an ADU if sprinklers are required in the primary residence.
2. The construction of an ADU does not trigger a requirement for fire sprinklers to be installed in the existing primary dwelling.
G. Owner Occupancy with JADU.
a. Generally. As required by state law, JADUs are generally subject to an owneroccupancy requirement. A natural person with legal or equitable title to the property must reside on the property, in either the primary dwelling or JADU, as the person’s legal domicile and permanent residence.
b. Exceptions. The owner-occupancy requirement in this subsection (G) does not apply in either of the following situations:
1. The JADU has separate sanitation facilities (i.e., does not share sanitation facilities with the existing primary dwelling unit structure).
2. The property is entirely owned by another governmental agency, land trust, or housing organization.
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c. ADUs. ADUs are not subject to an owner-occupancy requirement.
H. Deed Restriction. Prior to issuance of a certificate of occupancy for a JADU, a deed restriction must be recorded against the title of the property in the County Recorder's office and a copy filed with the Community Development Director. The deed restriction must run with the land and bind all future owners. The form of the deed restriction will be provided by the city and must provide that:
1. The JADU may not be sold separately from the primary dwelling.
2. A JADU created cannot be rented for less than 30 days.
3. The JADU is restricted to the approved size and to the other attributes allowed by this section.
4. The deed restriction runs with the land and may be enforced against future property owners.
5. The deed restriction is enforceable by the director or his or her designee for the benefit of the city. Failure of the property owner to comply with the deed restriction may result in legal action against the property owner, and the city is authorized to obtain any remedy available to it at law or equity, including, but not limited to, obtaining an injunction enjoining the use of the JADU in violation of the recorded restrictions or abatement of the illegal unit.
I. Building and Safety.
a. Must Comply With Building Code. Subject to subsection (I)(b) below, all ADUs and JADUs must comply with all local building code requirements. b. No Change of Occupancy. Construction of an ADU does not constitute a Group R occupancy change under the local building code, as described in Section 310 of the California Building Code, unless the building official or Code Enforcement Division officer makes a written finding based on substantial evidence in the record that the construction of the ADU could have a specific, adverse impact on public health and safety. Nothing in this subsection (I)(b) prevents the city from changing the occupancy code of a space that was uninhabitable space or that was only permitted for nonresidential use and was subsequently converted for residential use in accordance with this section.
J. Certificate of Occupancy Timing.
a. Generally. No certificate of occupancy for an ADU or JADU may be issued before the certificate of occupancy is issued for the primary dwelling unit. b. Limited Exception for State-Declared Emergencies. Notwithstanding Ordinance No. 535
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subsection (J)(a) above, a certificate of occupancy for an ADU may be issued before a certificate of occupancy for the primary dwelling if each of the following requirements are met:
1. The county is subject to a proclamation of a state of emergency made by the California Governor on or after February 1, 2025.
2. The primary dwelling was substantially damaged or destroyed by an event referenced in the Governor’s state of emergency proclamation.
3. The ADU has been issued construction permits and has passed all required inspections.
4. The ADU is not attached to the primary dwelling.
K. Height.
a. No ADU subject to this chapter may exceed 16 feet in height above grade, except as provided in subsections (K)(b) through (K)(d) of this section. b. A detached ADU may be up to 18 feet in height if it is created on a lot with an existing or proposed single-family or multifamily dwelling unit that is located within one-half mile walking distance of a major transit stop as those terms are defined in Section 21155 of the Public Resources Code, and the ADU may be up to two additional feet in height (for a maximum of 20 feet) if necessary to accommodate a roof pitch on the ADU that matches the roof pitch of the primary dwelling unit.
c. A detached ADU created on a lot with an existing or proposed multifamily dwelling that has more than one story above grade may not exceed 18 feet in height.
d. An ADU that is attached to the primary dwelling may not exceed 25 feet in height or the height limitation imposed by the underlying zone that applies to the primary dwelling, whichever is lower. Notwithstanding the foregoing, ADUs subject to this subsection (K)(d) may not exceed two stories.
17.44.090. Specific ADU requirements.
The following requirements apply only to Class 2 - Locally Regulated ADUs under Section
17.44.060 (B) above. This section does not apply to Class 1 Statutorily Regulated ADUs and JADUs under Section 17.44.060 (A) above.
A. Size.
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1. The maximum floor area of a detached or attached ADU is 1,000 square feet.
2. Notwithstanding subsection (A)(1), an ADU that is created on a lot with an existing primary dwelling and that is attached to the primary dwelling is limited to 50 percent of the floor area of the existing primary dwelling, subject to subsection (A)(3).
3. Application of other development standards in this Section might further limit the size of the ADU, but no application of the percent-based size limit in subsection A.2 or of a FAR, front-setback, lot-coverage, or open-space requirement may require the ADU to be less than 800 square feet of interior livable space.
4. By definition, a JADU may not be larger than 500 square feet.
B. Setbacks.
1. The front yard setback of an ADU located on a non-beach front lot, subject to this Section, shall be at least 20 percent of the total depth of the lot, or 65 feet, whichever is less. On a beachfront lot, the front yard setback shall be 20 feet maximum or the average of the two immediate neighbors, whichever is less.
2. No part of any ADU that is subject to this Section may be located within four feet of a side or rear property line.
3. No setback is required for an ADU that is subject to this Section if the ADU is constructed in the same location and to the same dimensions as an existing structure.
4. On a beachfront lot, an ADU proposed in conjunction with, and attached to, a legally authorized replacement structure reconstructed pursuant to Section
17.60.020(C) following damage or destruction by a natural disaster, and which is located outside the footprint or envelope of the approved replacement structure, may maintain the same setback as the replacement structure it is attached to so long as the Los Angeles County Fire Department and City Building Official have determined the structure will comply will all necessary building and fire code requirements.
C. Floor Area Ratio (FAR). No ADU subject to Section 17.44.090 may cause the total FAR of the lot to exceed 38 percent, subject to subsection 17.44.090(A)(3).
D. Lot Coverage. No ADU subject to this Section may cause the total lot coverage of the lot to exceed 45% for up to ¼ acre; 35% of the net area for lots ¼ to ½ acre and 30% of the net area up to a maximum of 25,000 square feet per parcel for lots ½ acre of more in size, subject to subsection 17.44.090(A)(3).
E. Passageway. No passageway, as defined by Section 17.44.040, is required for an ADU.
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F. Parking.
1. Generally. One off-street enclosed or unenclosed parking space is required for each ADU or bedroom, whichever is less. Unenclosed parking spaces may be provided in setback areas or as tandem parking, as defined by Section 17.44.040.
2. Exceptions. No parking under subsection (F)(1) above is required in the following situations:
a. The ADU is located within one-half mile walking distance of public transit, as defined in Section 17.44.040.
b. The ADU is located within an architecturally and historically significant historic district.
c. The ADU is part of the proposed or existing primary residence or part of an existing accessory structure, under Section 17.44.060(A)(1). d. When on-street parking permits are required but not offered to the occupant of the ADU.
e. When there is an established car share vehicle stop located within one block of the ADU.
f. When the permit application to create an ADU is submitted with an application to create a new single-family or new multifamily dwelling on the same lot, provided that the ADU or the lot satisfies any other criteria listed in subsections (D)(2)(a) through (D)(2)(f).
3. No Replacement Parking Required. When a garage, carport, covered parking structure, or uncovered parking space is: (a) demolished in conjunction with the construction of an ADU; or (b) converted to an ADU, those off-street parking spaces are not required to be replaced. If replacement parking is proposed by the owner, the parking must be located on hardscape.
G. Internal Connection. An attached ADU shall not be connected internally to the main residence. A detached ADU shall not be connected internally to any accessory structure except to a legally established garage that serves the ADU.
17.44.100. Fees.
A. Impact Fees.
1. No impact fee shall be charged for an ADU that is less than 750 square feet of interior livable space.
2. Any impact fee that is required for an ADU that is 750 square feet or more of Ordinance No. 535
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interior livable space must be charged proportionately in relation to the floor area of the primary dwelling unit. (e.g., the square footage of the ADU, divided by the square footage of the primary dwelling, times the typical fee amount charged for a new dwelling.)
3. A JADU or ADU with less than 500 square feet of interior livable space does not increase assessable space by 500 square feet for purposes of Education Code section 17620(a)(1)(C), and is therefore not subject to school fees under Education Code section 17620.
4. For purposes of this Section, "impact fee" means a "fee" under the Mitigation Fee Act (Government Code Section 66000(b)) and a fee under the Quimby Act (Government Code Section 66477). It does not include any connection fee or capacity charge for water or sewer service.
B. Utility Fees.
1. An ADU that is constructed with a single-family dwelling shall be subject to standard utility-connection requirements and fees for a new residential use.
2. Converted ADUs created under Section 17.44.060(A)(1) are not required to have a new or separate utility connection directly between the ADU and the utility. Nor is a connection fee or capacity charge required unless the ADU is constructed with a new single-family home (per subsection (B)(1) above).
3. All ADUs not covered by subsection (B)(1) or (B)(2) above require a new, separate utility connection directly between the ADU and the utility for any utility service that is provided by the City.
a. All utilities that are not provided by the City are subject to the connection and fee requirements of the utility provider.
b. The connection is subject to a connection fee or capacity charge that is proportionate to the burden created by the ADU, based on either the square footage or the number of drainage-fixture units (DFU) values, as defined by the Uniform Plumbing Code, upon the water or sewer system. The fee or charge may not exceed the reasonable cost of providing this service.
17.44.110. Nonconforming Zoning Code conditions, Building Code violations, and unpermitted structures.
A. Generally. The city will not deny an ADU or JADU application due to a nonconforming zoning condition, building code violation, or unpermitted structure on the lot that does not present a threat to the public health and safety and that is not affected by the construction of the ADU or JADU.
B. Unpermitted ADUs and JADUs Constructed Before 2020.
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1. Permit to Legalize. As required by state law, the city may not deny a permit to legalize an existing but unpermitted ADU or JADU that was constructed before January 1, 2020, if denial is based on either of the following grounds:
a. The ADU or JADU violates applicable building standards, or b. The ADU does not comply with the state ADU or JADU law or with this Chapter 17.44.
2. Exceptions:
a. Notwithstanding subsection (B)(1) above the city may deny a permit to legalize an existing but unpermitted ADU or JADU that was constructed before January 1, 2020, if the city makes a finding that correcting a violation is necessary to comply with the standards specified in California Health and Safety Code Section 17920.3.
b. Subsection (B)(1) above does not apply to a building that is deemed to be substandard in accordance with California Health and Safety Code Section 17920.3.
SECTION 5. Effective Date.
In accordance with California Government Code section 36937, this Ordinance shall become effective on the 30th day following its passage and adoption.
SECTION 6. Severability.
Should any section, subsection, clause, or provision of this Ordinance for any reason be held to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the validity or constitutionality or the remaining portions of this Ordinance; it being hereby expressly declared and this Ordinance, and each section, subsection, sentence, clause, and phrase hereof would have been prepared, proposed, approved, and ratified irrespective of the fact that any one or more sections, subsections, sentences, clauses, or phases be declared invalid or unconstitutional.
SECTION 7. The City Clerk shall certify the adoption of this ordinance.
PASSED, APPROVED AND ADOPTED this ____ day of ____ 2026. ____________________________
BRUCE SILVERSTEIN, Mayor
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ATTEST:
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KELSEY PETTIJOHN, City Clerk
(seal)
Date: _________________________
APPROVED AS TO FORM:
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TREVOR RUSIN, Interim City Attorney
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EXHIBIT A
CHAPTER 17.44
ACCESSORY DWELLING UNITS
§ 17.44.010. Title.
This chapter shall be known as the "Malibu Accessory Dwelling Unit Ordinance." § 17.44.020. Purpose.
The purpose of this chapter is to allow and regulate accessory dwelling units (ADUs) and junior accessory dwelling units (JADUs) in compliance with Chapter 13 of Division 1 of Title 7 of the California Government Code. The entire city of Malibu is located in a designated “Very High Fire Hazard Severity Zone,” and this chapter ensures that ADUs and JADUs are developed and operated on adequate sites, at proper and desirable locations, and that the goals and objectives of the general plan are observed. § 17.44.030. Effect of conforming.
An ADU or JADU that conforms to the standards in this chapter will be:
E. Deemed to be consistent with the city's general plan and zoning designation for the lot on which the ADU or JADU is located.
F. Deemed not to exceed the allowable density for the lot on which the ADU or JADU is located.
G. Considered not to be subject to the application of any local ordinance, policy, or program to limit residential growth.
H. Approved without requiring the correction of a nonconforming zoning condition. This does not prevent the city from enforcing compliance with applicable building standards in accordance with Health and Safety Code Section 17980.12. For purposes of this chapter, "nonconforming zoning condition" means a physical improvement on a property that does not conform with current zoning standards. § 17.44.040. Definitions.
M. "Accessory dwelling unit" means an attached or a detached residential dwelling unit that provides complete independent living facilities for one or more persons and is located on a lot with a proposed or existing primary residence. An accessory dwelling unit also includes the following:
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1. An efficiency unit, as defined by Section 17958.1 of the California Health and Safety Code; and
2. A manufactured home, as defined by Section 18007 of the California Health and Safety Code.
N. “Accessory structure” means a structure that is accessory and incidental to a dwelling located on the same lot.
O. “Complete independent living facilities” means permanent provisions for living, sleeping, eating, cooking, and sanitation on the same parcel as the single-family or multifamily dwelling is or will be situated.
P. "Efficiency kitchen" means a kitchen that satisfies all of the following:
1. A cooking facility with appliances;
2. A food preparation counter and storage cabinets that are of a reasonable size in relation to the size of the JADU.
Q. "Junior accessory dwelling unit" means a residential unit that
1. Is no more than 500 square feet of interior livable space in size;
2. Is contained entirely within an existing or proposed single-family structure; an enclosed use within the residence, such as an attached garage, is considered to be a part of and contained within the single-family structure;
3. Has an independent exterior entrance, apart from that of the primary dwelling;
4. Either includes its own separate sanitation facilities or shares sanitation facilities with the existing or proposed single-family structure, and if the latter, the JADU includes an interior entrance to the main living area of the existing or proposed single-family structure in addition to the exterior entrance to the JADU; and
5. Includes an efficiency kitchen, as defined in this subsection D.
R. “Livable space” means a space in a dwelling intended for human habitation, including living, sleeping, eating, cooking, or sanitation.
S. “Living area” means the interior habitable area of a dwelling unit, including basements and attics, but does not include a garage or any accessory structure.
T. "Passageway" means a pathway that is unobstructed clear to the sky and extends from a street to one entrance of the accessory dwelling unit or junior accessory dwelling unit.
U. "Proposed dwelling" means a dwelling that is the subject of a permit application and that meets the requirements for permitting.
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V. "Public transit" means a location, including, but not limited to, a bus stop or train station, where the public may access buses, trains, or subways and other forms of transportation that charge set fares, run on fixed routes, and are available to the public.
W. "Tandem parking" means that two or more automobiles are parked on a driveway or in any other location on a lot, lined up behind one another.
X. "Very high fire hazard severity zone" means zone as defined by Government Code Section 51177 and designated by Ordinance No. 299 and the City’s adopted Local Responsibility Area Fire Hazard Severity Zone Maps, as may be amended from time to time.
§ 17.44.050. Permitted locations.
D. ADUs and JADUs under Section 17.44.060(A) are allowed on lots that are in a residential or mixed-use zone.
E. ADUs under Section 17.44.060(B) are allowed on lots zoned to allow single-family or multifamily dwelling residential use.
F. Areas with Adequate Ingress and Egress. Since the entire City is located within a designated “Very High Fire Hazard Severity Zone,” emergency ingress and egress shall be evaluated consistent with the City’s adopted Fire Code (2025 California Fire Code, as amended), including the fire apparatus access road requirements set forth in California Fire Code Section 503, as enforced by the Los Angeles County Fire Department. Nothing in this subsection is intended to establish a zoning-based prohibition on ADUs or JADUS. Compliance with Fire Code and Building Code requirements is required; however, such requirements shall not be used as a zoningbased basis to deny an ADU or JADU that must be approved ministerially under State law.
§ 17.44.060. Approvals.
The following approvals apply to ADUs and JADUs developed under this chapter. Because the city of Malibu lies entirely within the Coastal Zone, ADU applications may be subject to the requirements in the Local Coastal Program (LCP) in addition to the provisions of this chapter. If an ADU application is exempt from the need to obtain a coastal development permit, then only this chapter governs.
C. Class 1: Statutorily Regulated. Class 1 ADUs and JADUs are approved under Government Code Section 66323. If an ADU orJADU complies with each ofthe general requirements in Section 17.44.080 below, it is allowed subject to an ADU permit and a building permit in the following scenarios provided in this subsection (A). An ADU and JADU approved under subsection (A)(1) may be combined with an ADU approved under subsection (A)(2), and ADUs approved under subsection (A)(3) may be combined with ADUs approved under subsection (A)(4).
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5. Converted on a Lot with Single-Family. One ADU as described in this subsection (A)(1) and one JADU on a lot with a proposed or existing singlefamily dwelling on it, where the ADU or JADU:
e. Is either: within the space of a proposed single-family dwelling; within the existing space of an existing single-family dwelling; or (in the case of an ADU only) within the existing space of an accessory structure, plus up to 150 additional square feet if the expansion is limited to accommodating ingress and egress; and
f. Has exterior access that is independent of that for the single-family dwelling; and
g. Has side and rear setbacks sufficient for fire and safety, as dictated by applicable building and fire codes.
h. The JADU complies with the requirements of Government Code Sections 66333 through 66339.
6. Limited Detached on a Lot with Single-Family. One detached, newconstruction ADU on a lot with a proposed or existing single-family dwelling (in addition to any JADU that might otherwise be established on the lot under subsection (A)(1) above if the detached ADU satisfies each of the following limitations:
a. The side- and rear-yard setbacks are at least four feet. b. The total floor area is 800 square feet or smaller.
c. The peak height above grade does not exceed the applicable height limit in subsection 17.44.080(K) below.
7. Converted on a Lot with Multifamily. One or more ADUs within portions of existing multifamily dwelling structures that are not used as livable space, including, but not limited to, storage rooms, boiler rooms, passageways, attics, basements, or garages, if each converted ADU complies with state building standards for dwellings. Under this subsection (A)(3) at least one converted ADU is allowed within an existing multifamily dwelling, up to a quantity equal to 25 percent of the existing multifamily dwelling units.
8. Limited Detached on a Lot with Multifamily. No more than two detached ADUs on a lot that has a proposed multifamily dwelling, or up to eight detached ADUs on a lot with an existing multifamily dwelling, if each detached ADU satisfies both of the following limitations:
a. The side- and rear-yard setbacks are at least four feet. If the existing multifamily dwelling has a rear or side yard setback of less than four feet, the city will not require any modification to the multifamily Ordinance No. 535
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dwelling as a condition of approving the ADU.
b. The peak height above grade does not exceed the applicable height limit provided in subsection 17.44.080(K) below.
c. If the lot has an existing multifamily dwelling, the quantity of detached ADUs does not exceed the number of primary dwelling units on the lot.
D. Class 2: Locally Regulated. Class 2 ADUs are approved under Government Code sections 66314–66322.
1. Except as allowed under subsection A, all ADUs require an ADU permit and a building permit and must comply with the standards set forth in Sections
17.44.080 and 17.44.090.
2. The city may charge a fee to reimburse it for costs incurred in processing ADU permits, including the costs of adopting or amending the city's ADU ordinance.
The ADU permit processing fee is determined by the city council by resolution. § 17.44.070. Process and timing.
G. Completeness.
1. Determination in 15 days. The city will determine whether an application to create or serve an ADU or JADU is complete and will provide written notice of the determination to the applicant within 15 business days after the city receives the application submittal.
2. Incomplete items. If the city’s determination under subsection (A)(1) above is that the application is incomplete, the city’s notice must list the incomplete items and describe how the application can be made complete.
3. Cure. After receiving a notice that the application is incomplete, the applicant may cure and address the items that were deemed by the city to be incomplete.
4. Subsequent submittals. If the applicant submits additional information to address incomplete items, within 15 business days of the subsequent submittal the city will determine in writing whether the additional information remedies all the incomplete items that the city identified in its original notice. The city may not require the application to include an item that was not included in the original notice.
5. Deemed complete. If the city does not make a timely determination as required by this subsection (A), the application or resubmitted application is deemed complete for the purposes of subsection (C) below.
6. Appeal of incompleteness. An applicant may appeal the city’s determination that Ordinance No. 535
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the application is incomplete by submitting a written appeal to the city clerk. The planning commission will review the written appeal and affirm or reverse the completeness determination and provide a final written determination to the applicant within 60 business days after receipt of the appeal.
H. No Discretion or Hearing. An ADU permit is considered and approved ministerially by the community development director without discretionary review or a hearing.
I. Deadline to Approve or Deny Ministerial Approvals. The city must approve or deny an application to create an ADU or JADU within 60 days from the date that the city receives a complete application. If the city has not approved or denied the completed application within 60 days, the application is deemed approved, unless either:
1. The applicant requests a delay, in which case the 60-day time period is tolled for the period of the requested delay, or
2. When an application to create an ADU or JADU is submitted with a permit application to create a new single-family or multifamily dwelling on the lot, the city may delay acting on approving or denying the permit application for the ADU or JADU until the city acts on the permit application to create the new single-family or multifamily dwelling, but the application to create the ADU or JADU will still be considered ministerially without discretionary review or a hearing.
J. Denial. If the city denies an application to create an ADU or JADU, the city must provide the applicant with comments that include, among other things, a list of all the defective or deficient items and a description of how the application may be remedied by the applicant. Notice of the denial and corresponding comments must be provided to the applicant within the 60-day time period established by subsection C above.
K. Appeal of Denial. An applicant may appeal the city’s denial of the application by submitting a written appeal to the city clerk. The planning commission will review the written appeal and affirm or reverse the denial and provide a final written determination to the applicant within 60 business days after receipt of the appeal.
L. Concurrent Review of Demolition. A demolition permit for a detached garage that is to be replaced with an ADU is reviewed with the application for the ADU and issued at the same time.
§ 17.44.080. General requirements.
The following requirements apply to all Class 1 and Class 2 ADUs and JADUs:
J. Zoning.
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4. A Class 1 Statutorily Regulated ADU approved under Section 17.44.060(A) may be created on a lot in a residential or mixed-use zone.
5. A Class 2 Locally Regulated ADU approved under Section 17.44.060(B) may be created on a lot that is zoned to allow single-family dwelling residential use or multifamily dwelling residential use.
6. In accordance with Government Code section 66333(a), a JADU may only be created on a lot zoned to allow single-family residences.
K. Rental Term. An ADU or JADU may not be rented for a term that is shorter than 30 days. This prohibition applies regardless of when the ADU or JADU was created.
L. Rental Rate Reporting. To facilitate the city's obligation to identify adequate sites in accordance with Government Code Sections 65583.1 and 66330, and to help ADUs and JADUs to count towards the city's Regional Housing Needs Assessment (RHNA) requirements, within 90 days after each January 1 following issuance of the building permit, the owner shall report the actual rent charged for the ADU or JADU during the prior year.
M. No Separate Conveyance. An ADU or JADU may be rented, but, except as otherwise provided in Government Code Section 66341, no ADU may be sold or otherwise conveyed separately from the lot and the primary dwelling (in the case of a singlefamily lot) or from the lot and all of the dwellings (in the case of a multifamily lot). A JADU may not be sold or otherwise conveyed separately from the lot and the primary dwelling.
N. Septic System. If the ADU or JADU will connect to an on-site water treatment system, the owner must include with the application a percolation test completed within the last five years or, if the percolation test has been recertified, within the last 10 years.
O. Fire Sprinklers.
1. Fire sprinklers are required in an ADU if sprinklers are required in the primary residence.
2. The construction of an ADU does not trigger a requirement for fire sprinklers to be installed in the existing primary dwelling.
P. Owner Occupancy with JADU.
a. Generally. As required by state law, JADUs are generally subject to an owneroccupancy requirement. A natural person with legal or equitable title to the property must reside on the property, in either the primary dwelling or JADU, as the person’s legal domicile and permanent residence.
b. Exceptions. The owner-occupancy requirement in this subsection (G) does not Ordinance No. 535
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apply in either of the following situations:
3. The JADU has separate sanitation facilities (i.e., does not share sanitation facilities with the existing primary dwelling unit structure).
4. The property is entirely owned by another governmental agency, land trust, or housing organization.
c. ADUs. ADUs are not subject to an owner-occupancy requirement.
Q. Deed Restriction. Prior to issuance of a certificate of occupancy for a JADU, a deed restriction must be recorded against the title of the property in the County Recorder's office and a copy filed with the Community Development Director. The deed restriction must run with the land and bind all future owners. The form of the deed restriction will be provided by the city and must provide that:
6. The JADU may not be sold separately from the primary dwelling.
7. A JADU created cannot be rented for less than 30 days.
8. The JADU is restricted to the approved size and to the other attributes allowed by this section.
9. The deed restriction runs with the land and may be enforced against future property owners.
10. The deed restriction is enforceable by the director or his or her designee for the benefit of the city. Failure of the property owner to comply with the deed restriction may result in legal action against the property owner, and the city is authorized to obtain any remedy available to it at law or equity, including, but not limited to, obtaining an injunction enjoining the use of the JADU in violation of the recorded restrictions or abatement of the illegal unit.
R. Building and Safety.
a. Must Comply With Building Code. Subject to subsection (I)(b) below, all ADUs and JADUs must comply with all local building code requirements. b. No Change of Occupancy. Construction of an ADU does not constitute a Group R occupancy change under the local building code, as described in Section 310 of the California Building Code, unless the building official or Code Enforcement Division officer makes a written finding based on substantial evidence in the record that the construction of the ADU could have a specific, adverse impact on public health and safety. Nothing in this subsection (I)(b) prevents the city from changing the occupancy code of a space that was uninhabitable space or that was only permitted for nonresidential use and was subsequently converted for residential use in accordance with this section.
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L. Certificate of Occupancy Timing.
a. Generally. No certificate of occupancy for an ADU or JADU may be issued before the certificate of occupancy is issued for the primary dwelling unit. b. Limited Exception for State-Declared Emergencies. Notwithstanding subsection (J)(a) above, a certificate of occupancy for an ADU may be issued before a certificate of occupancy for the primary dwelling if each of the following requirements are met:
1. The county is subject to a proclamation of a state of emergency made by the California Governor on or after February 1, 2025.
2. The primary dwelling was substantially damaged or destroyed by an event referenced in the Governor’s state of emergency proclamation.
3. The ADU has been issued construction permits and has passed all required inspections.
4. The ADU is not attached to the primary dwelling.
M. Height.
a. No ADU subject to this chapter may exceed 16 feet in height above grade, except as provided in subsections (K)(b) through (K)(d) of this section. b. A detached ADU may be up to 18 feet in height if it is created on a lot with an existing or proposed single-family or multifamily dwelling unit that is located within one-half mile walking distance of a major transit stop as those terms are defined in Section 21155 of the Public Resources Code, and the ADU may be up to two additional feet in height (for a maximum of 20 feet) if necessary to accommodate a roof pitch on the ADU that matches the roof pitch of the primary dwelling unit.
c. A detached ADU created on a lot with an existing or proposed multifamily dwelling that has more than one story above grade may not exceed 18 feet in height.
d. An ADU that is attached to the primary dwelling may not exceed 25 feet in height or the height limitation imposed by the underlying zone that applies to the primary dwelling, whichever is lower. Notwithstanding the foregoing, ADUs subject to this subsection (K)(d) may not exceed two stories.
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§ 17.44.090. Specific ADU requirements.
The following requirements apply only to Class 2 - Locally Regulated ADUs under Section
17.44.060 (B) above. This section does not apply to Class 1 Statutorily Regulated ADUs and JADUs under Section 17.44.060 (A) above.
H. Size.
1. The maximum floor area of a detached or attached ADU is 1,000 square feet.
2. Notwithstanding subsection (A)(1), an ADU that is created on a lot with an existing primary dwelling and that is attached to the primary dwelling is limited to 50 percent of the floor area of the existing primary dwelling, subject to subsection (A)(3).
3. Application of other development standards in this Section might further limit the size of the ADU, but no application of the percent-based size limit in subsection A.2 or of a FAR, front-setback, lot-coverage, or open-space requirement may require the ADU to be less than 800 square feet of interior livable space.
4. By definition, a JADU may not be larger than 500 square feet.
I. Setbacks.
1. The front yard setback of an ADU located on a non-beach front lot, subject to this Section, shall be at least 20 percent of the total depth of the lot, or 65 feet, whichever is less. On a beachfront lot, the front yard setback shall be 20 feet maximum or the average of the two immediate neighbors, whichever is less.
2. No part of any ADU that is subject to this Section may be located within four feet of a side or rear property line.
3. No setback is required for an ADU that is subject to this Section if the ADU is constructed in the same location and to the same dimensions as an existing structure.
4. On a beachfront lot, an ADU proposed in conjunction with, and attached to, a legally authorized replacement structure reconstructed pursuant to Section
17.60.020(C) following damage or destruction by a natural disaster, and which is located outside the footprint or envelope of the approved replacement structure, may maintain the same setback as the replacement structure it is attached to so long as the Los Angeles County Fire Department and City Building Official have determined the structure will comply will all necessary building and fire code requirements.
J. Floor Area Ratio (FAR). No ADU subject to Section 17.44.090 may cause the total Ordinance No. 535
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FAR of the lot to exceed 38 percent, subject to subsection 17.44.090(A)(3).
K. Lot Coverage. No ADU subject to this Section may cause the total lot coverage of the lot to exceed 45% for up to ¼ acre; 35% of the net area for lots ¼ to ½ acre and 30% of the net area up to a maximum of 25,000 square feet per parcel for lots ½ acre of more in size, subject to subsection 17.44.090(A)(3).
L. Passageway. No passageway, as defined by Section 17.44.040, is required for an ADU.
M. Parking.
1. Generally. One off-street enclosed or unenclosed parking space is required for each ADU or bedroom, whichever is less. Unenclosed parking spaces may be provided in setback areas or as tandem parking, as defined by Section 17.44.040.
2. Exceptions. No parking under subsection (F)(1) above is required in the following situations:
a. The ADU is located within one-half mile walking distance of public transit, as defined in Section 17.44.040.
b. The ADU is located within an architecturally and historically significant historic district.
c. The ADU is part of the proposed or existing primary residence or part of an existing accessory structure, under Section 17.44.060(A)(1). d. When on-street parking permits are required but not offered to the occupant of the ADU.
e. When there is an established car share vehicle stop located within one block of the ADU.
f. When the permit application to create an ADU is submitted with an application to create a new single-family or new multifamily dwelling on the same lot, provided that the ADU or the lot satisfies any other criteria listed in subsections (D)(2)(a) through (D)(2)(f).
3. No Replacement Parking Required. When a garage, carport, covered parking structure, or uncovered parking space is: (a) demolished in conjunction with the construction of an ADU; or (b) converted to an ADU, those off-street parking spaces are not required to be replaced. If replacement parking is proposed by the owner, the parking must be located on hardscape.
N. Internal Connection. An attached ADU shall not be connected internally to the main residence. A detached ADU shall not be connected internally to any accessory structure except to a legally established garage that serves the ADU.
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§ 17.44.100. Fees.
C. Impact Fees.
1. No impact fee shall be charged for an ADU that is less than 750 square feet of interior livable space.
2. Any impact fee that is required for an ADU that is 750 square feet or more of interior livable space must be charged proportionately in relation to the floor area of the primary dwelling unit. (e.g., the square footage of the ADU, divided by the square footage of the primary dwelling, times the typical fee amount charged for a new dwelling.)
3. A JADU or ADU with less than 500 square feet of interior livable space does not increase assessable space by 500 square feet for purposes of Education Code section 17620(a)(1)(C), and is therefore not subject to school fees under Education Code section 17620.
4. For purposes of this Section, "impact fee" means a "fee" under the Mitigation Fee Act (Government Code Section 66000(b)) and a fee under the Quimby Act (Government Code Section 66477). It does not include any connection fee or capacity charge for water or sewer service.
D. Utility Fees.
1. An ADU that is constructed with a single-family dwelling shall be subject to standard utility-connection requirements and fees for a new residential use.
2. Converted ADUs created under Section 17.44.060(A)(1) are not required to have a new or separate utility connection directly between the ADU and the utility. Nor is a connection fee or capacity charge required unless the ADU is constructed with a new single-family home (per subsection (B)(1) above).
3. All ADUs not covered by subsection (B)(1) or (B)(2) above require a new, separate utility connection directly between the ADU and the utility for any utility service that is provided by the City.
c. All utilities that are not provided by the City are subject to the connection and fee requirements of the utility provider.
d. The connection is subject to a connection fee or capacity charge that is proportionate to the burden created by the ADU, based on either the square footage or the number of drainage-fixture units (DFU) values, as defined by the Uniform Plumbing Code, upon the water or sewer system. The fee or charge may not exceed the reasonable cost of providing this service.
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§ 17.44.110. Nonconforming Zoning Code conditions, Building Code violations, and unpermitted structures.
C. Generally. The city will not deny an ADU or JADU application due to a nonconforming zoning condition, building code violation, or unpermitted structure on the lot that does not present a threat to the public health and safety and that is not affected by the construction of the ADU or JADU.
D. Unpermitted ADUs and JADUs Constructed Before 2020.
1. Permit to Legalize. As required by state law, the city may not deny a permit to legalize an existing but unpermitted ADU or JADU that was constructed before January 1, 2020, if denial is based on either of the following grounds:
a. The ADU or JADU violates applicable building standards, or b. The ADU does not comply with the state ADU or JADU law or with this Chapter 17.44.
2. Exceptions:
a. Notwithstanding subsection (B)(1) above the city may deny a permit to legalize an existing but unpermitted ADU or JADU that was constructed before January 1, 2020, if the city makes a finding that correcting a violation is necessary to comply with the standards specified in California Health and Safety Code Section 17920.3.
b. Subsection (B)(1) above does not apply to a building that is deemed to be substandard in accordance with California Health and Safety Code Section 17920.3.
WARRANT REGISTER NO. 792
City Council Meeting
6-~2-26
Item
1.B.2.
On June 22, 2026, the Malibu City Council allowed and approved warrant demand numbers 79183-79299 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 $678,763.80. City of Malibu payroll check numbers 5583-5585 and ACH deposits were issued in the amount of $559,739.49.
PASSED, APPROVED and ADOPTED this 22nd day of June 2026.
ATTEST:
Kelsey Pettijohn
City Clerk
Bruce Silverstein
Mayor
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 $1 ,238,503.29 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 11 th day of June 2026, AT MALIBU, CALIFORNIA Joseph D. Irvin
City Manager
Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Accounts Payable
Checks by Date - Summary by Check Number
User: craspe
Printed: 6/9/2026 5:55 PM
Check No Vendor No Vendor Name Check Date Void Checks Check Amount 79183 4LEAF 4LEAFINC 06/01 /2026 0.00 72,972.50
79184 ACCESS ACCESS INFORMATION INTERMEDIA 06/01/2026 0.00 1,564.68 79185 CASSWCOJ\ CASSWELL CONSULTING INC 06/01/2026 0.00 486.00 79186 CJBIOMON COURTNEY JEAN MCCAMMON 06/01/2026 0.00 990.00 79187 COASTALW CALIFORNIA COASTAL WORKS LLC 06/01 /2026 0.00 24,414.50 79188 DCMCLLC LEMOINE SERVICES HOLDINGS LP 06/01/2026 0.00 l 7,853.50 79189 EXCELOFF EXCEL OFFICE SERVICES 06/01/2026 0.00 1,412.98 79190 FOXONSIT FOX ONSITE SOLUTIONS INC 06/01 /2026 0.00 29,185.00 79191 FOXWEATH FOX WEATHER LLC 06/01 /2026 0.00 400.00
79192 iRIS LORRIE FEINBERG 06/01/2026 0.00 5,040.00
79193 KOSMONT KOSMONT & ASSOCIATES INC 06/01/2026 0.00 2,913.30 79194 LACOANI LA CO ANIMAL CARE & CONTROL 06/01/2026 0.00 3,956.23 79195 MNS MNS ENGINEERS INC 06/01/2026 0.00 771.75
79196 MOFFATT MOFFATT & NICHOL 06/01/2026 0.00 33,671.50 79197 NEXTIVA NEXTIVAINC 06/01 /2026 0.00 5,855.48
79198 RINCONC RINCON CONSULTANTS INC 06/01/2026 0.00 77,531 .50 79199 SEKMAR MARINA SEK 06/01/2026 0.00 14,750.00
79200 SHEPPMUL SHEPPARD MULLIN RICHTER & HAMJ 06/01/2026 0.00 28,534.70 79201 SPECTRUM CHARTER COMMUNICATIONS HOLDT 06/01/2026 0.00 2,277.46 79202 SYMBIUM SYMBIUM CORP 06/01/2026 0.00 30,000.00
79203 TETRATE TETRA TECH INC 06/01/2026 0.00 61 ,550.77 79204 TRUNORTH TRUE NORTH COMPLIANCE SERVICE: 06/01 /2026 0.00 30,219.41 79205 USLABS BUREAU VERITAS NORTH AMERICA I 06/01/2026 0.00 6,077.28 79206 WILLSCOT WILLIAMS SCOTSMAN INC 06/01/2026 b.oo 8,522.51 79207 13STARS 13 STARS MEDIA 06/02/2026 0.00 804.00
79208 ALFANOH HEATHER ALFANO 06/02/2026 0.00 50.00
79209 ALLENEL ALLEN ELECTRIC & LIGHTING INC 06/02/2026 0.00 5,116.00 79210 AMERGLOE AMERICAN GLOBAL SECURITY INC 06/02/2026 0.00 5,378.40 79211 APELLOR LORETTA APEL 06/02/2026 0.00 240.00
79212 ASALAU LAUREN ASARNOW 06/02/2026 0.00 50.00
79213 BUCPHI PHIL BUCKMAN 06/02/2026 0.00 100.00
79214 BURNS BURNS PACIFIC CONSTRUCTION INC 06/02/2026 0.00 11 ,876.59 79215 CALCOAS CAL-COAST MACHINERY INC 06/02/2026 0.00 422.35 79216 CARSAM SAMANTHA CARPENTER 06/02/2026 0.00 50.00
79217 CHAMPCAr- TREVOR ELDER 06/02/2026 0.00 4,928.00
79218 DUFSUS SUSIE DUFF 06/02/2026 0.00 500.00
79219 ENHANCE2 ENHANCED LANDSCAPE MANAGEMI 06/02/2026 0.00 81,623.52 79220 FELMAR MARTY FELGEN 06/02/2026 0.00 300.00
79221 FIOEIL EILEEN FIORI 06/02/2026 0.00 100.00
79222 FULPRO FULLRANGE PRODUCTION LLC 06/02/2026 0.00 400.00 79223 FULPRO FULLRANGE PRODUCTION LLC 06/02/2026 0.00 400.00 79224 GATLAU LAURA GATES 06/02/2026 0.00 230.00
79225 GIINDUS GI INDUSTRIES 06/02/2026 0.00 4,556.14
79226 GRWESTER GREAT WESTERN RECREATION 06/02/2026 0.00 7,544.16 79227 HAYHUN HUNTER HAYFLICH 06/02/2026 0.00 100.00
79228 JACOM MITCH JACOBS 06/02/2026 0.00 50.00
79229 KNOLAU LAUREN KNOX 06/02/2026 0.00 50.00 ~
AP Checks by Date - Summary by Check Number (6/9/2026 5:55 PM) Page 1 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Check No Vendor No Vendor Name Check Date Void Checks Check Amount 79230 KORBRI BRIANNA KORN 06/02/2026 0.00 40.00
79231 LACOWAT LA CO MALIBU TREASURER-WATER" 06/02/2026 0.00 954.68 79232 LAGERI ERIK LAGANSON 06/02/2026 0.00 100.00
79233 MANKAT KA(E MANISCO 06/02/2026 0.00 44.95
79234 MANMIC MICHAEL ANTHONY MANFREDO 06/02/2026 0.00 250.00 79235 MCDANG ANGUS KAI MCDONALD 06/02/2026 0.00 300.00
79236 MINDRYLL THE MINDRY LLC 06/02/2026 0.00 300.00
79237 NATIONA NATIONAL CONSTRUCTION RENTAU 06/02/2026 0.00 941.10 79238 OCONNPAT PATRICK OCONNELL 06/02/2026 0.00 550.00
79239 PERKCAR CARON PERKAL 06/02/2026 0.00 100.00
79240 PICMCK MCKENZIE RHEANNON PICKLE 06/02/2026 0.00 36 1.00 79241 J;'OLADOM DOMINIKA PO LATIN 06/02/2026 0.00 480.00 79242 RECTORJ JUSTIN RECTOR 06/02/2026 0.00 27.84
79243 ROMROB ROBERT ROMAN 06/02/2026 0.00 100.00
79244 RPBARRI RP BARRICADE INC 06/02/2026 0.00 1,200.00 79245 RUIAZU AZUCENA LUIS RUIZ 06/02/2026 0.00 50.00
79246 SAMSAR SARAH SAMSON 06/02/2026 0.00 50.00
79247 SENFOU FOUNDATION FOR SENIOR SERVICES 06/02/2026 0.00 150.00 79248 SIEDEB DEBRA POMMER-SIEGEL 06/02/2026 0.00 100.00 79249 SOUTPRNT SOUTHWEST OFFSET PRINTING CO fl' 06/02/2026 0.00 7,613 .86 79250 SPIROG SEBASTIAN SPIROGLOU 06/02/2026 0.00 25.74
79251 VALPARK VALET PARKING PROS LLC 06/02/2026 0.00 925.00 79252 WAGSAN SANDRA WAGNER 06/02/2026 0.00 100.00
79253 WANALE ALEXANDER WANG 06/02/2026 0.00 250.00
79254 WA.XIE WA.XIE ENTERPRISES LLC 06/02/2026 0.00 1,011.49 79255 WOODROB ROBERT H WOODCOCK 06/02/2026 0.00 100.00
79256 WYLSHI SHIFRA WYLDER 06/02/2026 0.00 100.00
79257 13STARS 13 STARS MEDIA 06/03/2026 0.00 881.52
79258 ACCOUNTE OFFICE TEAM A ROBERT HALF COMP 06/03/2026 0.00 6, 169.22 79259 ANAWALT ANAWALT LUMBER CO INC 06/03/2026 0.00 45.86 79260 ANDKET ANDRE KETCHEDJIAN 06/03/2026 0.00 180.00
79261 APPLE APPLEONE 06/03/2026 0.00 3,043 .20
79262 AT&TMOBI AT&T MOBILITY 06/03/2026 0.00 422.89
79263 BADMET BADGER METER INC 06/03/2026 0.00 39.99
79264 BROMAR MARKBROWN 06/03/2026 0.00 50.00
79265 CONEJOA CONEJO AWARDS 06/03/2026 0.00 60.73
79266 CRPRINT EARTH PRINT·INC 06/03/2026 0.00 2,494.04
79267 CSTASC CONSTANT AND ASSOCIATES INC 06/03/2026 0.00 17,693 .80 79268 CWCDRY PAUL JOSEPH CROTEAU 06/03/2026 0.00 5,720.00 79269 FREEA ALICIA FREEMAN 06/03/2026 0.00 473.04
79270 FRONTIER FRONTIER CALIFORNIA INC 06/03/2026 0.00 4,149.71 79271 GHABAB BABAK GHASSEMIEH 06/03/2026 0.00 860.00
79272 GIINDUS GI INDUSTRIES 06/03/2026 0.00 2,7 18.02
79273 GOVERNF GOVERNMENTAL FINANCIAL SERVI( 06/03/2026 0.00 1,072.50 79274 HARTSEL BOB HARTS ELECTRIC INC 06/03/2026 0.00 236.25 79275 HDSUPPLY HD SUPPLY INC 06/03/2026 0.00 322,85
79276 JONBLD JONES BUILDERS GROUP INC 06/03/2026 0.00 931.55 79277 KELNIC NICOLE KELLER 06/03/2026 0.00 50.00
79278 LACOCLE LA COUNTY REGISTRAR-RECORDER_ 06/03/2026 0.00 25 .00 79279 LACOCLE LA COUNTY REGISTRAR-RECORDER 06/03/2026 0.00 25.00 79280 LACOCLE LA COUNTY REGISTRAR-RECORDER . 06/03/2026 0.00 25.00 79281 LACOCLE LA COUNTY REGISTRAR-RECORDER 06/03/2026 0.00 25.00 79282 LACOCLE LA COUNTY REGISTRAR-RECORDER . 06/03/2026 0.00 25.00 79283 LACOCLE LA COUNTY REGISTRAR-RECORDER 06/03/2026 0.00 25 .00 79284 LIVESCAN PAIGE SAPAR 06/03/2026 0.00 275 .00
79285 MASTERCO MASTER COOLING CORPORATION 06/03/2026 0.00 12,5 15.50 79286 OCOCHR CHRIS O'CONNELL 06/03/2026 0.00 656.00
AP Checks by Date - Summary by Check Number (6/9/2026 5:55 PM) Page 2 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Check No Vendor No Vendor Name Check Date Void Checks Check Amount 79287 OHARAF RAFFIOHANIAN 06/03/2026 0.00 206.10
79288 RAPMIC MICHAEL RAPINO 06/03/2026 0.00 50.00
79289 REIPAU PAUL REISER 06/03/2026 0.00 2.00
79290 RIGGINS MARIANNE RIGGINS 06/03/2026 0.00 1,899.07 79291 SCEDISO SOUTHERN CALIFORNIA EDISON cm 06/03/2026 0.00 119.85 79292 SCGas SOUTHERN CALIFORNIA GAS COMPA 06/03/2026 0.00 18.24 79293 STAPLES STAPLES CONTRACT & COMMERCIAJ 06/03/2026 0.00 1,131.87 79294 TABBAY NOAH TYLER U TABBBAY 06/03/2026 0.00 21 6.53 79295 ULTMAINT ULTIMATE MAINTENANCE SERVICES 06/03/2026 0.00 6,950.00 79296 UNDERGR UNDERGROUND SERVICE ALERT OF 1 06/03/2026 0.00 193.38 79297 VIAWEST FLEXENTIAL COLORADO CORP 06/03/2026 0.00 3,477.67 79298 YOCBRAD BRADLEY YOCUM 06/03/2026 0.00 25.95
79299 USBANK2 USBANK 06/08/2026 0.00 1,215.60
Report Total (II 7 checks): 0.00 678,763.80
AP Checks by Date - Summary by Check Number (6/9/2026 5:55 PM) Page 3 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Accounts Payable
Transactions by Account
User:
Printed:
Batch:
Account Number
100-0000-3250-00
100-0000-3431-00
I 00-0000-3431-00
I 00-0000-3466-00
100-0000-3466-00
I 00-0000-3467-00
100-0000-34 70-00
100-3001-5100-00
craspe
06/09/2026 - 5:56PM
00000 00 0000
AP-Transactions by Account (06/09/2026 - 5:56 PM)
Vendor
PAUL REISER
JONES BUILDERS GROUP INC
CHRIS O'CONNELL
LORETTA APEL
DOMINIKA POLATIN
LAURA GATES
BRIANNA KORN
FOX WEATHER LLC
Description GLDate Check No Amount PO No
Ref - Overpaid Parking Citation #800 I 06/03/2026 79289 2.00 Vendor Subtotal: 2.00
Ref - No Planning App Needed OC 26 06/03/2026 79276 508.00 Vendor Subtotal: 508.00
Ref - Incorrect Application Type PC 2< 06/03/2026 79286 148.00 Vendor Subtotal: 148.00
Ref - Lifeguard Cert Course 5/14 - 5/1 06/02/2026 79211 240.00 Vendor Subtotal: 240.00
Ref - Lifeguard Cert Course 5/14 - 5/1 06/02/2026 79241 480.00 Vendor Subtotal: 480.00
Ref - Ultimate Sports 6/22 - 6/25/26 06/02/2026 79224 230.00 Vendor Subtotal: 230.00
Ref - Parent & Me Soccer 5/17 & 5/31 06/02/2026 79230 40.00 Vendor Subtotal: 40.00
Weather Forecasting - May '26 06/01 /2026 79191 400.00 000004668
Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Num ber Vendor Description GL Date Check No Amount PO No Vendor Subtotal: 400.00
100-3001-5722-00 SOUTHERN CALIFORNIA EDISO Street Lamps - Apr '26 06/03/2026 79291 16.45 Vendor Subtotal: 16.45
100-3001-5725-00 GI INDUSTRIES Garbage - Bus Stop/Cross Creek - Ma~ 06/02/2026 79225 2,648.25 100-3001 -5725-00 GI INDUSTRIES Garbage - City Yard 4/16 - 4/30/26 06/03/2026 79272 2,400.22 Vendor Subtotal: 5,048.47
100-3001-6 I 60-00 ANAWALT LUMBER CO INC PW - Supplies 06/03/2026 79259 45.86 Vendor Subtotal: 45 .86
I 00-3001-6 I 60-00 UNDERGROUND SERVICE ALER Monthly Fee - Apr '26 06/03/2026 79296 39.33 I 00-3001-6160-00 UNDERGROUND SERVICE ALER Dig Alerts'- Apr '26 06/03/2026 79296 154.05 Vendor Subtotal: 193.38
100-3008-5100-00 LEMOINE SERVICES HOLDINGS Task 1: PW Sup port Svcs - Apr '26 06/01/2026 79188 877.50 000004689 Vendor Subtotal: 877.50
100-3008-5 I 00-00 MNS ENGINEERS INC 29280 Greenwater Rd - Jan '26 06/01/2026 79195 LOO Vendor Subtotal: LOO
I 00-4001-5340-00 KATE MANISCO Mileage - CPRS Dist 9 Awards 4/9/26 06/02/2026 79233 44.95 Vendor Subtotal: 44.95
I 00-4001-5405-00 SOUTHWEST OFFSET PRINTING Summer '26 Rec Guide - Printing/Mail 06/02/2026 79249 7,6 13.86 000003966 Vendor Subtotal: 7,613.86
I 00-4002-5340-00 JUSTIN RECTOR Mileage - Mar '26 06/02/2026 79242 27.84 AP-Transactions by Account (06/09/2026 - 5:56 PM) Page 2 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GL Date Check No Amount PO No Vendor Subtotal: 27.84
100-4002-5340-00 SEBASTIAN SPIROGLOU Mileage - Apr '26 06/02/2026 79250 25 .74 Vendor Subtotal: 25.74
100-4004-5107-00 13 STARS MEDIA Ad- Summer Day Camps 5/7/26 06/02/2026 79207 268 .00 Vendor Subtotal: 268.00
100-4005-5107-00 TREVOR ELDER Instructor - Beginner Skateboarding 3/ 06/02/2026 79217 2,464.00 100-4005-5107-00 TREVOR ELDER Instructor - Intermediate Skateboardin; 06/02/2026 792 17 2,464.00 Vendor Subtotal: 4,928.00
I 00-4005-6 160-00 R P BARRICADE INC CS - Skatepark Barricades 06/02/2026 79244 1,200.00 Vendor Subtotal: 1,200.00
100-4007-5 I 07-00 MARTY FELGEN Instructor - Lego Robotics Workshop '. 06/02/2026 79220 300.00 Vendor Subtotal: 300.00
l00-4007-5107-00 MICHAEL ANTHONY MANFRED( Instructor - Nature Photography 5/18/: 06/02/2026 79234 250.00 Vendor Subtotal: 250.00
100-4007-5107-00 THE MINDRY LLC Instructor - Wellness Workshop 5/7 /26 06/02/2026 79236 300.00 Vendor Subtotal: 300.00
100-4008-5107-00 MCKENZIE RHEANNON PICKLE Entertainment - Sr Luncheon 5/21 /26 06/02/2026 79240 361.00 Vendor Subtotal: 361.00
100-4008-5107-00 FOUNDATION FOR SENIOR SER' Grief Support Group 4/16/26 06/02/2026 79247 150.00 AP-Transactions by Account (06/09/2026 - 5 56 PM) Page 3 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GL Date Check No Amount PO No Vendor Subtotal: 150.00
I 00-4008-6 I 75-00 VALET PARKING PROS LLC Sr Excursion - Whale Watching 5/27/2 06/02/2026 79251 925 .00 Vendor Subtotal: 925.00
1 00-401 0-51 00-00 AMERICAN GLOBAL SECURITY Equestrian - Security Svcs - Apr '26 06/02/2026 79210 1,050.00 000004128 I 00-40I0-5100-00 AMERICAN GLOBAL SECURITY Trancas - Security Svcs - Apr '26 06/02/2026 79210 1,050.00 000004128 I 00-4010-5 I 00-00 AMERICAN GLOBAL SECURITY Bluffs - Security Svcs 4/5 - 4/9/26 06/02/2026 79210 1,639.20 000004128 Vendor Subtotal: 3,739.20
100-4010-5100-00 ENHANCED LANDSCAPE MANA City Parks Landscape Maint/Liners - /. 06/02/2026 79219 26,020.32 000004317 Vendor Subtotal: 26,020.32
I 00-4010-5130-00 ENHANCED LANDSCAPE MANA Bluffs - Sand Installation 06/02/2026 79219 820.00 I 00-40 I 0-51 30-00 ENHANCED LANDSCAPE MANA Trancas - MP Field Renovations 06/02/2026 79219 27,750.00 000004719 I 00-4010-5130-00 ENHANCED LANDSCAPE MANA Equestrian - Arena Grading 06/02/2026 79219 2,500.00 I 00-40 I 0-5130-00 ENHANCED LANDSCAPE MANA Trancas - Jute Netting Installation 06/02/2026 79219 1,960.00 100-4010-5130-00 ENHANCED LANDSCAPE MANA Parks - Straw Waddle Removal 06/02/2026 79219 2,520.00 Vendor Subtotal: 35,550.00
I 00-4010-5640-00 CAL-COAST MACHINERY INC Gator Maintenance 06/02/2026 79215 422.35 Vendor Subtotal: 422.35
I 00-4010-5710-00 NATIONAL CONSTRUCTION REI Bluffs Portable Toilets 4/30 - 5/27/26 06/02/2026 79237 941.10 Vendor Subtotal: 941.10
100-4010-5721-00 FRONTIER CALIFORNIA INC Trancas Septic, Trancas Park - May '2( 06/03/2026 79270 262.20 Vendor Subtotal: 262.20
I 00-4010-5721-00 CHARTER COMMUNICATIONS l' Bluffs Park Security Cameras - May '2 06/01 /2026 79201 2,193 .91 I 00-40 I 0-5721-00 CHARTER COMMUNICATIONS I' Bluffs Park Security Cameras - Feb '2( 06/01/2026 79201 83 .55 AP-Transactions by Account (06/09/2026 - 5:56 PM) Page 4 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GLDate Check No Amount PO No Vendor Subtotal: 2,277.46
100-4010-5723-00 LA CO MALIBU TREASURER-WI Water - Las Flores 2/ 11-4/14/26 Acct# 06/02/2026 79231 134 04 l 00-4010-5723-00 LA CO MALIBU TREASURER-WI Water - Las Flores 2/11-4/14/26 Acct# 06/02/2026 79231 398.61 I 00-4010-5723-00 LACO MALIBU TREASURER-Wi Water - Las Flores 2/11 -4/14/26 Acct# 06/02/2026 79231 42203 Vendor Subtotal: 954.68
I 00-40 l 0-5725-00 GI INDUSTRIES Garbage - Bluffs/Equestrain - May '26 06/02/2026 79225 1,239.63 l 00-4010-5725-00 GI INDUSTRIES Garbage - Charmlee Park - May '26 06/02/2026 79225 273 09 Vendor Subtotal: 1,512.72
I 00-40 I 0-6160-00 WAXIE ENTERPRISES LLC Bluffs - Restroom Supplies 06/02/2026 79254 564.37 I 00-4010-6160-00 WAXIE ENTERPRISES LLC Equestrian - Restroom Supplies 06/02/2026 79254 99.36 I 00-40 I 0-6160-00 WAXIE ENTERPRISES LLC Charrnlee - Restroom Supplies 06/02/2026 79254 198.72 I 00-4010-6 160-00 WAXIE ENTERPRISES LLC Trancas - Restroom Supplies 06/02/2026 79254 149.04 Vendor Subtotal: 1,01149
I 00-40 I 0-7800-00 ALLEN ELECTRIC & LIGHTING I Bluffs - Parking Lot Light Design Svc: 06/02/2026 79209 5,11600 Vendor Subtotal: 5, 11 6.00
I 00-4010-7910-00 ENHANCED LANDSCAPE MANA Bluffs - Irrigation Repairs 06/02/2026 79219 158 02 I 00-40 I 0-7910-00 ENHANCED LANDSCAPE MANA Medians - Irrigation Repairs 06/02/2026 79219 254.20 I 00-4010-7910-00 ENHANCED LANDSCAPE MANA Trancas - Irrigation Repairs 06/02/2026 79219 676.49 Vendor Subtotal: 1,088.71
100-4011-5107-00 PATRICK OCONNELL Tiny Tots Olympics - Decor 5/3/26 06/02/2026 79238 550.00 Vendor Subtotal: 550.00
I 00-4012-5107-00 BURNS PACIFIC CONSTRUCTIOl Legacy - Poetry Stone Installation 06/02/2026 79214 633.97 Vendor Subtotal 633 .97
AP-Transactions by Account (06/09/2026 - 5:56 PM) Page 5 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number
100-4012-5401 -00
I 00-7001-5300-00
100-7001-5300-00
I 00-7001-6160-00
100-7002-5107-00
100-7002-5107-00
100-7002-5 I 07-00
100-7003-5100-00
I 00-7003-6 I 60-00
100-7005-5 IO 1-02
100-7007-5401-00
I 00-7021-5100-00
AP-Transactions by Account (06/09/2026 - 5:56 PM)
Vendor
13 STARS MEDIA
MARIANNE RIGGINS
MARIANNE RIGGINS
Description GLDate
Ad - Blue/Unger Art Exhibit 5/7/26 06/02/2026
Vendor Subtotal:
Reimb - City Leaders Summit Apr'26 •
Reimb - SCAG Conf. May'26 - M. Ri!
06/03/2026
06/03/2026
Vendor Subtotal:
STAPLES CONTRACT & COMME Office Supplies - City Council 06/03/2026 Vendor Subtotal:
OFFICE TEAM A ROBERT HALF C Temp Staff- K. Franklin 4/24/26 OFFICE TEAM A ROBERT HALF C Temp Staff- K. Franklin 5/8/26 OFFICE TEAM A ROBERT HALF C Temp Staff - K. Franklin 5/1/26 06/03/2026
06/03/2026
06/03/2026
Vendor Subtotal:
KOSMONT & ASSOCIATES INC Economic/Funding Advisory Svcs - A1 06/01/2026 Vendor Subtotal:
STAPLES CONTRACT & COMME Office Supplies - City Manager 06/03/2026 Vendor Subtotal:
SHEPPARD MULLIN RICHTER & 97WD-437723 - Apr '26 06/01/2026 Vendor Subtotal:
13 STARS MEDIA Legal Notice - Ordinance No. 534; 4/3 06/03/2026 Vendor Subtotal:
CONSTANT AND ASSOCIATES 11' City Evacuation Plan Update - Jan '26 06/03/2026 Vendor Subtotal:
Check No
79207
79290
79290
79293
79258
79258
79258
79193
79293
79200
79257
79267
Amount PO No
268.00
268.00
1,332.50
566.57
1,899.07
84.22 84.22
2,069.22
2,050.00
2,050.00
6, 169.22
2,913.30 00000450 1
2,9 13.30
21.93 21.93
28,534.70 000004701
28,534.70
52.02 52.02
17,693.80 000004610
17,693 .80
Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GL Date Check No Amount PO No l00-702 1-5106-00 LA CO ANIMAL CARE & CONTR1 Animal Control - Apr '26 06/01/2026 79 194 3,956.23 000004307 Vendor Subtotal: 3,956.23
100-7021-5300-00 NOAH TYLER U TABBBAY Reimb - CA Specialized Traning Inst. ' 06/03/2026 79294 216.53 Vendor Subtotal: 216.53
I 00-702 1-5300-00 BRADLEY YOCUM Reimb - WU! Conference '26 Meal 06/03/2026 79298 25.95 Vendor Subtotal: 25.95
100-702 1-5721-00 AT&T MOBILITY Phone Lines - EOC/PS 4/2 - 5/ 1/26 06/03/2026 79262 422 .89 Vendor Subtotal: 422.89
I 00-7021 -572 1-00 FRONTIER CALIFORNIA INC Disaster, Tier, E9 l I - May '26 06/03/2026 79270 485. 10 Vendor Subtotal: 485 .10
I 00-7054-5100-00 GOVERNMENTAL FINANCIAL SI CPA Svcs - Apr '26 06/03/2026 79273 1,072.50 000004320 Vendor Subtotal: 1,072.50
I 00-7054-5401-00 13 STARS MEDIA Legal Notice - FY26/27 Fee Schedule 06/03/2026 79257 11 6.28 Vendor Subtotal: 11 6.28
100-7058-5107-00 APPLEONE Temp Staff- S. Butler 5/2/26 06/03/2026 7926 1 1,521.60 100-7058-51 07-00 APPLEONE Temp Staff- S. Butler 5/9/26 06/03/2026 7926 1 1,521 .60 Vendor Subtotal: 3,043.20
I 00-7058-5320-00 PAIGESAPAR Fingerprinting - New Employees (5) 06/03/2026 79284 275.00 Vendor Subtotal: 275 .00
AP-Transactions by Account (06/09/2026 - 5:56 PM) Page 7 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GLDate Check No Amount PO No I 00-7058-6170-00 CONEJO AWARDS Award - C Orosz 7 Yr. Plaque 06/03/2026 79265 60.73 Vendor Subtotal: 60.73
I 00-7058-6 170-00 ALICIA FREEMAN Reimb - Lily's Welcome Staff Breakfa 06/03/2026 79269 473.04 Vendor Subtotal 473 04
I 00-7059-4201-00 CalPERS Retirement PR 04.06.2026 PEPRA ER Contributic 06/08/2026 0 -0 02 Vendor Subtotal: -0.02
I 00-7059-5640-00 EXCEL OFFICE SERVICES Copier Maint 4/17 - 5/16/26 06/01/2026 79 189 1,412 .98 Vendor Subtotal: 1,412.98
I 00-7059-572 1-00 FRONTIER CALIFORNIA INC Bluffs Park 2nd Wifi - May '26 06/03/2026 79270 232.92 I 00-7059°572 1-00 FRONTIER CALIFORNIA INC City Hall Facility - May '26 06/03/2026 79270 294.98 Vendor Subtotal: 527.90
I 00-7059-5721-00 NEXTIVAINC City Hall Phone Svcs 5/18 - 6/17/26 06/01/2026 79197 5,855.48 Vendor Subtotal: 5,855.48
I 00-7059-6160-00 STAPLES CONTRACT & COMME Office Supplies - Non Departmental 06/03/2026 79293 1,025.72 Vendor Subtotal: 1,025.72
Subtotal for Section I : I 00 181 ,3 1102
IO 1-0000-3408-00 BABAK GHASSEMIEH Ref - No Biology Review Needed CD! 06/03/2026 7927 1 860.00 Vendor Subtotal: 860.00
l O 1-0000-3419-00 JONES BUILDERS GROUP INC Ref - No Planning App Needed OC 26 06/03/2026 79276 26.55 Vendor Subtotal: 26.55
AP-Transactions by Account (06/09/2026 - 5:56 PM) Page 8 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GL Date Check No Amount PO No 101-0000-341 9-00 RAFF! OHANIAN Ref - Invalid Application OCPF 26-02 06/03/2026 79287 6. 10 Vendor Subtotal: 6. 10
10 l-0000-3421-00 MARK BROWN Ref - CEQA Filing Fee APR 25-021 06/03/2026 79264 50.00 Vendor Subtotal: 50.00
101-0000-342 l-00 JONES BUILDERS GROUP INC Ref - No Planning App Needed OC 26 06/03/2026 79276 397.00 Vendor Subtotal: 397.00
101-0000-3421-00 NICOLE KELLER Ref - CEQA Filing Fee APR 24-059 06/03/2026 79277 50.00 Vendor Subtotal: 50.00
l 0 l-0000-3421-00 CHRIS O'CONNELL Ref - Incorrect Application Type PC 21 06/03/2026 79286 508.00 Vendor Subtotal: 508.00
101-0000-3421-00 RAFF! OHANIAN Ref - Invalid Application OCPF 26-02 06/03/2026 79287 200.00 Vendor Subtotal: 200 .00
101 -0000-3421 -00 MICHAEL RAPINO Ref - CEQA Filing Fee APR 25-025 06/03/2026 79288 50.00 Vendor Subtotal: 50.00
l 0 1-2001-5 100-00 4LEAF INC Planning Svcs - Apr '26 06/01 /2026 79 183 17,700.00 000004387 Vendor Subtotal: 17,700.00
I 01-2001-5210-00 LA COUNTY REGISTRAR-RECOR CEQA Filing - 3766.5 Las Flores Can) 06/03/2026 79283 25 .00 101-2001 -5210-00 LA COUNTY REGISTRAR-RECOR CEQA Filing - 28953 Boniface Dr - A 06/03/2026 79278 25.00 I 01-2001-5210-00 LA COUNTY REGISTRAR-RECOR CEQA Filing - 29150 Cliffside Dr - CJ 06/03/2026 79279 25.00 IO 1-2001-52 10-00 LA COUNTY REGISTRAR-RECOR CEQA Filing - 30215 Morning View [ 06/03/2026 79280 25.00 101-2001 -52 l 0-00 LA COUNTY REGISTRAR-RECOR CEQA Filing - 3619 Malibu Country I 06/03/2026 79282 25.00 IO 1-2001 -5210-00 LA COUNTY REGISTRAR-RECOR CEQA Filing - 32832 Pacific Coast HI 06/03/2026 79281 25.00 AP-Transactions by Account (06/09/2026 - 5:56 PM) Page 9 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GLDate Check No Amount PO No Vendor Subtotal: 150.00
101 -2001 -5401-00 13 STARS MEDIA Legal Notice - Public Hearing 5/ 14/26 06/03/2026 79257 14152 IO 1-2001-5401-00 13 STARS MEDIA Legal Notice - Public Hearing 3/26/26 06/03/2026 79257 141.52 101-2001 -5401-00 13 STARS MEDIA Legal Notice - Public Hearing 21-Day 06/03/2026 79257 162.18 Vendor Subtotal: 445.22
l 01 -2001-5401 -00 EARTH PRINT INC Public Notice Postcard Mailings 06/03/2026 79266 323.54 000004679 I 01-2001-5401 -00 EARTH PRINT INC Public Notice Postcard Mailings 06/03/2026 79266 296.81 000004679 101-2001-5401-00 EARTH PRINT INC Public Notice Postcard Mailings 06/03/2026 79266 445.10 000004679 10 1-2001-5401 -00 EARTH PRINT INC Public Notice Postcard Mailings 06/03/2026 79266 257.79 000004679 IO 1-2001-5401-00 EARTH PRINT INC Public Notice Postcard Mailings 06/03/2026 79266 257.50 000004679 IO 1-2001 -540 l-00 EARTH PRINT INC Public Notice Postcard Mailings 06/03/2026 79266 320.00 000004679 IO 1-2001-5401-00 EARTH PRINT INC Public Notice Postcard Mailings 06/03/2026 79266 306.83 000004679 101-2001-5401-00 EARTH PRINT INC Public Notice Postcard Mailings 06/03/2026 79266 286.47 000004679 Vendor Subtotal: 2,494.04
IO 1-2004-5 l 00-00 SYMBIUM CORP Symbium License 2 Yrs - SB379 Sola1 06/01/2026 79202 30,000.00 000004723 Vendor Subtotal: 30,000.00
IO 1-2004-5 I 00-00 TRUE NORTH COMPLIANCE SEF In House Plan Check Engr - Apr '26 06/01/2026 79204 8,190.00 000004319 I 01-2004-5 100-00 TRUE NORTH COMPLIANCE SEF Plan Check - Apr '26 06/01/2026 79204 21,360. 16 0000043 19 Vendor Subtotal: 29,550.16
IO l-2004-5330-00 ANDRE KETCHEDJIAN Reimb - '26 Engineering License Rene 06/03/2026 79260 180.00 Vendor Subtotal: 180.00
101-3003-5100-00 TETRA TECH INC Malibu Creek Trash TMRP 3/28 - 4/24 06/01/2026 79203 4,958.79 000003028 Vendor Subtotal: 4,958.79
101-3003-5100-02 TETRA TECH INC CIMP Monitoring 3/28 - 4/24/26 06/01 /2026 79203 56,591.98 000003028 AP-Transactions by Account (06/09/2026 - 5:56 PM) Page JO Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number
IO 1-3003-5401-00
102-3002-5100-02
102-3002-5100-03
102-3002-5100-04
102-3100-5100-00
l 02-3100-5100-00
l 02-3100-5 I 00-00
102-3101-5100-04
l 02-3102-5100-02
AP-Transactions by Account (06/09/2026 - 5 :56 PM)
Vendor Description GLDate Check No
Vendor Subtotal:
13,STARS MEDIA Ad - Earth Month 4/2/26 06/03/2026 79257 Vendor Subtotal:
Subtotal for Section l: IO l
4LEAF INC WF Planning Svcs - Apr '26 06/01/2026
Vendor Subtotal:
TRUE NORTH COMPLIANCE SEF WF Plan Check - Apr '26 06/01/2026 Vendor Subtotal:
LEMOINE SERVICES HOLDINGS Task 3: Woolsey Fire FEMA PA - Apr 06/01/2026 Vendor Subtotal:
BURNS PACIFIC CONSTRUCTIOl Bluffs - Memorial Bench Delivery BURNS PACIFIC CONSTRUCTIOJ Bluffs - Memorial Bench Installation 06/02/2026
06/02/2026
Vendor Subtotal:
GREAT WESTERN RECREATION BF- Memorial Benches Replacement 06/02/2026 Vendor Subtotal:
LEMOINE SERVICES HOLDINGS Task 1: Franklin Fire Support Svcs - A 06/01/2026 Vendor Subtotal:
4LEAF INC HCD Recovery Grant V. Mota - Apr', 06/01/2026 Vendor Subtotal:
79183
79204
79188
79214
79214
79226
79188
79183
Amount PO No
56,591.98
268.00
268.00
144,485.84
25,392.50 000004387
25,392.50
669.25 000004319
669.25
528.75 000004689
528.75
1,121.91 000004720
10,120 71 000004720
11 ,242.62
7,544.16
7,544.16
48.75 000004689
48.75 29,880.00 000004714
29,880.00
Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Numbe r Vendor Description GLDate Check No Amount PO No 102-3102-5 100-02 CASSWELL CONSULTING INC PF Contract Planning - Apr '26 06/01 /2026 79 185 486.00 000004690 Vendor Subtotal: 486.00
I 02-3102-5100-02 COURTNEY JEAN MCCAMMON PF Biology Reviews - Apr '26 06/01/2026 79186 990.00 000004702 Vendor Subtotal: 90.00
102-3102-5100-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning 3/ 1 - 06/01/2026 79187 23,500.00 000004718 102-3102-5100-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning - Mar 06/01/2026 79187 -23,500.00 000004476 I 02-3102-5100-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning - Jan 06/01 /2026 79187 24,355.50 000004718 102-3102-5100-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning - Jan 06/01 /2026 79187 -24,355.50 000004476 102-3102-5100-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning - Feb 06/01/2026 79187 -23,500.00 000004476 l02-3102-5100-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning - Feb 06/01/2026 79187 23,500.00 000004718 I 02-3 I 02-5 I 00-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning 3/29 • 06/01/2026 79187 24,414.50 000004718 102-3102-5100-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning l l /24 06/01/2026 79187 5,483.33 000004718 102-3102-5100-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning 11/24 06/01 /2026 79187 -5,483.33 000004476 I 02-3102-5100-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning - Dec 06/01/2026 79187 -23,500.00 000004476 I 02-3102-5100-02 CALIFORNIA COASTAL WORKS Fire Recovery/Rebuild Planning - Dec 06/01/2026 79187 23,500.00 000004718 Vendor Subtotal: 24,414.50
!02-3102-5100-02 LORRIE FEINBERG Palisades Fire Data Mgmt - Apr '26 06/0 1/2026 79192 5,040.00 000004681 Vendor Subtotal: 5,040.00
I 02-3102-5100-02 MARINA SEK Palisades Fire Contract Planning - Apr 06/01/2026 79199 14,750.00 000004682 Vendor Subtotal: 14,750.00
I 02-3102-5100-03 FOX ONSITE SOLUTIONS INC Recovery Efforts EH Reviews - Apr '2 06/01 /2026 79190 29,185.00 00000469! Vendor Subtotal: 29,185.00
102-3102-5 I 00-03 MOFFATT & NICHOL Fire Recovery Coastal Engr Reviews - 06/01 /2026 79196 7,762.50 000004722 I 02-3102-5100-03 MOFFATT & NICHOL Fire Recovery Coastal Engr Reviews - 06/01 /2026 79196 1,718 .00 000004722 102-3102-5100-03 MOFFATT & NICHOL Fire Recovery Coastal Engr Reviews - 06/01/2026 79196 2,025.00 000004722 l02-3102-5100-03 MOFFATT & NICHOL Fire Recovery Coastal Engr Reviews 2 06/01/2026 79196 11 ,282.50 000004722 102-3102-5100-03 MOFFATT & NICHOL Fire Recovery Coastal Engr Reviews ) 06/01 /2026 79196 10,883.50 000004722 AP-Transactions by Account (06/09/2026 - 5:56 PM) Page 12 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GLDate Check No Amount PO No Vendor Subtotal: 33,671.50
l02-3102-5100-03 RINCON CONSULTANTS INC Fire Response & Recovery - Jan '26 06/01/2026 79198 12,352.50 000004717 102-3102-5100-03 RINCON CONSULTANTS INC Palisades Fire - On-Call Environmentz 06/01/2026 79198 21 ,717.50 000004475 102-3102-5100-03 RINCON CONSULTANTS INC Fire Response & Recovery - Mar '26 06/01/2026 79198 13,796.50 000004717 102-3102-5100-03 RINCON CONSULTANTS INC Fire Response & Recovery - Dec '25 06/01/2026 79198 19,224.50 000004717 102-3102-5100-03 RINCON CONSULTANTS INC Fire Response & Recovery - Feb '26 06/01 /2026 79198 8,896.50 000004717 102-3102-5100-03 RINCON CONSULTANTS INC Fire Response & Recovery 11/24 - 11 / 06/01 /2026 79198 1,544.00 0000047 17 Vendor Subtotal 77,53150
102-3102-5 100-03 BUREAU VERITAS NORTH AMEi Fire Recovery Bldg Plan Check - Jan •· 06/01 /2026 79205 628.88 000004721 102-3102-5100-03 BUREAU VERITAS NORTH AMEi Fire Recovery Bldg Plan Check - Mar 06/01/2026 79205 5,168.90 00000472 1 I 02-3102-5100-03 BUREAU VERITAS NORTH AMEi Fire Recovery Bldg Plan Check - Dec 06/01/2026 79205 279.50 000004721 Vendor Subtotal: 6,077.28
102-3102-51 00-04 LEMOINE SERVICES HOLDINGS Task 2: PF FEMA PA Support - Apr '2· 06/01 /2026 79 188 10,263 .75 000004689 I 02-3102-5100-04 LEMOINE SERVICES HOLDINGS Task 5: HMGP Code Enf - Apr '26 06/01 /2026 79188 3,656.25 000004689 102-3 102-5100-04 LEMOINE SERVICES HOLDINGS Task 4: HMGP Palisades Fire - Apr '2( 06/01/2026 79188 604.75 000004689 102-3102-5100-04 LEMOINE SERVICES HOLDINGS Task I: Palisades Fire Support Svcs - 1 06/01/2026 79188 1,873.75 000004689 Vendor Subtotal: 16,398.50
102-3102-572 1-00 FRONTIER CALIFORNIA INC Rebuild Ctr Internet 4/26 - 5/25/26 06/03/2026 79270 229.50 Vendor Subtotal: 229.50
Subtotal for Section I: 102 284,079.81
I 03-9050-5 I 00-00 ENHANCED LANDSCAPE MANA City Hall Landscape Main! - Apr '26 06/02/2026 79219 1,094.81 000004317 Vendor Subtotal: 1,094.81
I 03-9050-5100-00 MASTER COOLING CORPORATI1 City Hall Water Treatment - May '26 06/03/2026 79285 517.00 I 03-9050-5100-00 MASTER COOLING CORPORATJ1 City Hall HVAC Monthly Maint - Ma) 06/03/2026 79285 2,033.80 000004118 Vendor Subtotal: 2,550.80
AP-Transactions by Account (06/09/2026 - 5:56 PM) Page 13 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number
l03-9050-5 IO0-00
I 03-9050-5100-00
I 03-9050-5610-00
l 03-9050-572 !-00
I 03-9050-5725-00
l 03-9050-6 160-00
l 03-9050-7300-00
I 03-9050-7300-00
207-3004-5100-00
AP-Transactions by Account (06/09/2026 - 5:56 PM)
Vendor Description GLDate Check No
ULTIMATE MAINTENANCE SER1 City Hall - Window Cleaning 4/11/26 ULTIMATE MAINTENANCE SER1 City Hall Janitorial Svcs - May '26 06/03/2026
06/03/2026
Vendor Subtotal:
MASTER COOLING CORPORATI1 HVAC Repair - Damper Replacement 06/03/2026 Vendor Subtotal:
FRONTIER CALIFORNIA INC City Hall Septic/Fire Lines - May '26 06/03/2026 Vendor Subtotal:
GI INDUSTRIES Garbage - City Hall Green Waste - Ma 06/03/2026 Vendor Subtotal:
HD SUPPLY INC City Hall - Janitorial Supplies 06/03/2026 Vendor Subtotal:
PAUL JOSEPH CROTEAU Drywall - New Office Space 06/03/2026 Vendor Subtotal:
BOB HARTS ELECTRIC INC City Hall - Ceiling Light Relocation A 06/03/2026 Vendor Subtotal:
Subtotal for Section I: I 03
ACCESS INFORMATION INTERM Community Shred Event - Apr '26 06/01 /2026 Vendor Subtotalc
Subtotal for Section l: 207
79295
79295
79285
79270
79272
79275
79268
79274
79184
Amount PO No
2,500.00
4,450.00 000004018
6,950.00
9,964.70
9,964.70
451.37
451.37
74.57 74.57
322.85
322.85
5,720.00
5,720.00
236.25
236.25
27,365.35
1,564.68 000003532
1,564.68
1,564.68
Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GL Date Check No Amount PO No 215-7070-7800-00 WILLIAMS SCOTSMAN INC MCLE Restroom Toilet 5/13 - 6/9/26 06/01/2026 79206 8,522.5 1 Vendor Subtotal: 8,522.51
Subtotal for Section I. 2 15 8,522.51
290-6002-5722-00 SOUTHERN CALIFORNIA EDISO AsmtDist Cool Oak Way 3/12 - 4/ 1/21 06/03/2026 79291 10340 Vendor Subtotal: 10340
Subtotal for Section I: 290 10340
500-7008-5100-00 AMERJCAN GLOBAL SECURJTY Legacy - Security Svcs 4/5 - 4/9/26 06/02/2026 79210 1,639.20 000004128 Vendor Subtotal: 1,639.20
500-7008-5 100-00 ENHANCED LANDSCAPE MANA Legacy Park Landscape Maint/Liners • 06/02/2026 79219 17,219.76 000004317 Vendor Subtotal: 17,2 19.76
500-7008-5130-00 ENHANCED LANDSCAPE MANA Legacy - Irrigation Repairs 06/02/2026 792 19 649.92 Vendor Subtotal: 649.92
500-7008-5725-00 GI INDUSTRJES Garbage - S upercare Pharmacy - May 06/02/2026 79225 215.54 , 500-7008-5725-00 GI INDUSTRJES Garbage - Ioki Lot - May '26 06/02/2026 79225 179.63 Vendor Subtotal: 395.17
Subtotal for Section I: 500 19,904.05
515-30I0-5721-00 BADGER METER INC Meter Monitoring - Apr '26 06/03/2026 79263 39.99 Vendor Subtotal: 39.99
515-30 10-5721-00 FRONTIER CALIFORNIA INC Phone - CCWTF 4/4 - 5/3/26 06/03/2026 79270 180.70 515-3010-5721-00 FRONTIER CALIFORNIA INC Phone - CCWTF 4/8 - 5/7/26 06/03/2026 79270 432.94 AP-Transactions by Account (06/09/2026 - 5:56 PM) Page 15 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GL.Date Check No Amount PO No Vendor Subtotal: 6 13 .64
5 l 5-3010-5724-00 SOUTHERN CALIFORNIA GAS C CCWTF Gas 4/3 - 5/4/26 06/03/2026 79292 18.24 Vendor Subtotal: 18.24
515-30 l0-5725-00 GI INDUSTRIES Garbage - CCWTF - May '26 06/03/2026 79272 243 .23 Vendor Subtotal: 24323
Subtotal for Section I: 515 915. IO
602-7060-5721-00 FRONTIER CALIFORNIA INC City Hall Internet 4/27 - 5/26/26 06/03/2026 79270 I ,580.00 Vendor Subtotal: 1,580.00
602-7060-6 I 20-00 FLEXENTIAL COLORADO CORP Server Colocation - May '26 06/03/2026 79297 3,477.67 Vendor Subtotal: 3,477.67
Subtotal for Section I: 602 5,057.67
710-0000-2270-12 HUNTER HAYFLJCH Ref- HAYFLICH, HUNTER Security 06/02/2026 79227 l00 00 Vendor Subtotal: l00.00
710-0000-2270-12 ERIK LAGANSON Ref- LAGANSON, ERIK Security 0( 06/02/2026 79232 l00.00 Vendor Subtotal: l00.00
710-0000-2270-12 ALEXANDER WANG Ref - WANG, ALEXANDER Security 06/02/2026 79253 250.00 Vendor Subtotal: 250.00
710-0000-2270-44 13 STARS MEDIA Ad - MLSS - Poetry Summit 5/7/26 06/02/2026 79207 268.00 AP-Transactions by Account(06/09/2026 - 5:56 PM) ' Page 16 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GLDa te Check No Amount PO No Vendor Subtotal 268 .00
7 I 0-0000-22 70-44 HEATHER ALFANO MLSS - Vibrant Cycles Poetry 5/16/2c 06/02/2026 79208 50.00 Vendor Subtotal: 50.00
710-0000-2270-44 LAUREN ASARNOW MLSS - Vibrant Cycles Poetry 5/J 6/2c 06/02/2026 792 12 50.00 Vendor Subtotal: 50.00
710-0000-2270-44 PHIL BUCKMAN MLSS - Vibrant Cycles Poetry 5/16/2c 06/02/2026 79213 100.00 Vendor Subtotal: 100.00
7 I0-0000-22 70-44 SAMANTHA CARPENTER MLSS - Vibrant Cycles Poetry 5/16/2c 06/02/2026 792 16 50.00 Vendor Subtotal: 50.00
7 I0-0000-22 70-44 SUSIE DUFF MLSS - Vibrant Cycles Poetry 5/16/2c 06/02/2026 79218 500.00 Vendor Subtotal 500.00
710-0000-2270-44 EILEEN FIORI MLSS - Vibrant Cycles Poetry 5/J 6/2c 06/02/2026 79221 100.00 Vendor Subtotal: !00.00
7 I0-0000-22 70-44 ,' FULLRANGE PRODUCTION LLC MLSS - Audio/Visual - Rodney Mulle 06/02/2026 79223 400.00 710-0000-22 70-44 FULLRANGE PRODUCTION LLC MLSS - Audio/Visual - Joan Lunden 6 06/02/2026 79222 400.00 Vendor Subtotal: 800.00
710-0000-2270-44 MITCH JACOBS MLSS - Vibrant Cycles Poetry 5/16/2c 06/02/2026 79228 50.00 Vendor Subtotal: 50.00
7 I0-0000-22 70-44 LAUREN KNOX MLSS - Vibrant Cycles Poetry 5/16/2c 06/02/2026 79229 50.00 AP-Transactions by Account (06/09/2026 - 5:56 PM) Page 17 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GLDate Check No Amount PO No Vendor Subtotal: 50.00
7 I 0-0000-22 70-44 ANGUS KAI MCDONALD MLSS - Vibrant Cycles Poetry 5/16/2f 06/02/2026 79235 300.00 Vendor Subtotal: 300.00
710-0000-22 70-44 CARONPERKAL MLSS - Vibrant Cycles Poetry 5/ 16/2f 06/02/2026 79239 100.00 Vendor Subtotal 100.00
710-0000-2270-44 ROBERT ROMAN MLSS - Vibrant Cycles Poetry 5/16/2f 06/02/2026 79243 100.00 Vendor Subtotal: 100.00
710-0000-22 70-44 AZUCENA LUIS RUIZ MLSS - Vibrant Cycles Poetry 5/16/2f 06/02/2026 79245 50.00 Vendor Subtotal: 50.00
710-0000-2270-44 SARAH SAMSON MLSS - Vibrant Cycles Poetry 5/16/2f 06/02/2026 79246 50.00 Vendor Subtotal: 50.00
710-0000-2270-44 DEBRA POMMER-SIEGEL MLSS - ASL Interpreter Vibrant Cyclt 06/02/2026 79248 100.00 Vendor Subtotal: 100.00
710-0000-22 70-44 SANDRA WAGNER MLSS - Vibrant Cycles Poetry 5/16/2f 06/02/2026 79252 100.00 Vendor Subtotal: 100.00
710-0000-2270-44 ROBERT H WOODCOCK MLSS - Vibrant Cycles Poetry 5/16/2f 06/02/2026 79255 100.00 Vendor Subtotal: 100.00
710-0000-22 70-44 SHIFRA WYLDER MLSS - Vibrant Cycles Poetry 5/16/2t 06/02/2026 79256 100.00 Vendor Subtotal: 100.00
AP-Transactions by Account (06/09/2026 - 5 56 PM) Page 18 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number Vendor Description GL Date Check No Amount PO No 710-0000-2270-5 l MNS ENGfNEERS INC 29280 Greenwater Rd - Jan '26 06/01 /2026 79195 770.75 000004380 Vendor Subtotal: 770.75
Subtotal for Section I: 710 4,238.75
900-0000-2 040-00 CalPERS Retirement PR Batch 70004 062026 PERS EESh, 06/08/2026 0 12,278.77 Vendor Subtotal: 12,278.77
900-0000-2040-0 I CalPERS Retirement ,PR Batch 70004.06.2026 PEPRA ER< 06/08/2026 0 23,944.78 900-0000-2040-0 I CalPERS Retirement PR Batch 70004.062026 PERS ERSh, 06/08/2026 0 23,469.98 Vendor Subtotal 47,414.76
900-0000-2040-02 CalPERS Retirement PR Batch 70004.062026 PEPRA EE ( 06/08/2026 0 23,886.84 Vendor Subtotal: 23,886.84
900-0000-2041-00 US BANK PR Batch 70004 062026 PARS - EE ~ 06/08/2026 79299 1,004.88 900-0000-2041-00 US BANK PR Batch 70004 06 2026 PARS - ER ~ 06/08/2026 79299 210.72 Vendor Subtotal: 1,215.60
900-0000-2042-00 EMPOWER RETIREMENT LLC PR Batch 70004.062026 457 Retirem, 06/08/2026 0 14,941.00 900~0000-2042-00 EMPOWER RETIREMENT LLC PR Batch 70004.062026 457 Retirem, 06/08/2026 0 3,700.00 900-0000-2042-00 EMPOWER RETIREMENT LLC PR Batch 70004.062026 Roth-457 Re 06/08/2026 0 1,014.29 900-0000-2042-00 EMPOWER RETIREMENT LLC PR Batch 70004.062026 457 Retirem, 06/08/2026 0 2,047.77 900-0000-2042-00 EMPOWER RETIREMENT LLC PR Batch 70004.062026 Roth-457 Re 06/08/2026 0 2,238.00 Vendor Subtotal: 23,941 .06
900-0000-2042-0 I EMPOWER RETIREMENT LLC PR Batch 70004.062026 457 Loan Pn 06/08/2026 0 1,242.03 Vendor Subtotal: 1,242.03
900-0000-2043-00 EMPOWER RETIREMENT LLC PR Batch 70004.06.2026 40 I Retirem, 06/08/2026 0 715.38 900-0000-2043-00 EMPOWER RETIREMENT LLC PR Batch 70004.062026 401 Retirem, 06/08/2026 0 750.00 AP-Transactions by Account (06/09/2026 - 5 :56 PM) Page 19 Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241 Account Number
900-0000-2050-00
900-0000-2051-00
900-0000-2053-00
900-0000-2053-00
AP-Transactions by Account (06/09/2026 - 5:56 PM)
Vendor
Federal Taxes from PR
State of California PR Taxes
Federal Taxes from PR
Federal Taxes from PR
Description GL Date
Vendor Subtotal:
PR Batch 70004.06.2026 Federal Inco 06/08/2026
Vendor Subtotal
PR Batch 70004.06.2026 State Incomt 06/08/2026
Vendor Subtotal:
PR Batch 70004.06.2026 Medicare Ell
PR Batch 70004.06.2026 Medicare EE
06/08/2026
06/08/2026
Vendor Subtotal:
Check No
0 0
0 0
Subtotal for Section I : 900
Report Total:
Report Total:
Less Clearing House Electronic AP Proof List 00001.06.2026 Total Transactions By Account:
Amount
1,465.38
59,31897
59,318.97
24,517.41
24,5 17.41
7,096.34
7,096.34
14,192.68
209,473.50
887,021 .68
887,021 .68
(208,257.88)
678,763.80
PO No
Docusign Envelope ID: E800B089-6E45-870E-817F-FDF36D24A241
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: Joseph D. Irvin, City Manager
Date prepared: June 12, 2026 Meeting date: June 22, 2026 Subject: Approval of Minutes
RECOMMENDED ACTION: Approve the minutes for the October 27, 2025 Regular Meeting and the November 10, 2025 Regular 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 October 27, 2025 Regular Meeting and November 10, 2025 Regular Meeting.
ATTACHMENTS:
October 27, 2025 Regular Meeting
November 10, 2025 Regular Meeting
City Council Meeting
06-22-26
Item
1.B.3.
1 MINUTES
MALIBU CITY COUNCIL
REGULAR MEETING
OCTOBER 27, 2025
COUNCIL CHAMBERS
5:30 P.M.
MEETING CALL TO ORDER
Mayor Riggins called the meeting to order at 4:02 p.m.
ROLL CALL
The following persons were recorded in attendance by the Recording Secretary:
PRESENT: Mayor Marianne Riggins; Mayor Pro Tem Bruce Silverstein (arrived at 4:04); and Councilmembers Haylynn Conrad, Doug Stewart and Steve Uhring.
PUBLIC COMMENT ON CLOSED SESSION
Mayor Riggins opened the floor to public comment.
Speaker: Megan Lorick
Mayor Pro Tem Silverstein arrived at 4:04 p.m.
The Council addressed Ms. Lorick’s comments.
Speaker: Anne K.
RECESS TO CLOSED SESSION
At 4:07 p.m., the Council recessed to Closed Session to discuss the following items listed on the Closed Session agenda:
Conference with Legal Counsel – Existing litigation pursuant to Government Code Section 54956.9(d)(1):
1. Case Name: City’s Petition to Form Malibu USD from Territory in the Santa Monica-Malibu USD
2. Jearald Cable, et al. v. City of Malibu, et al., Los Angeles County Superior Court Case No. 25SMCV03244
Personnel Matters pursuant to Government Code Section 54957:
1. Public Employee Appointment
Title: City Manager
Attachment 1
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Conference with Labor Negotiator pursuant to Government Code Section 54957.6:
1. City representative: Interim City Attorney Trevor Rusin Unrepresented employee: City Manager
REGULAR SESSION CALL TO ORDER
Mayor Riggins called the meeting to order at 5:43 p.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; Kelsey Pettijohn, City Clerk; Kristin Riesgo, Community Services Director; Yolanda Bundy, Community Development Director; Susan Dueñas, Public Safety Director; Rob DuBoux, Public Works Director; Frances Arricale, Deputy City Manager; Nicholas Sanchez, Management Analyst; Christina Muñoz, Deputy City Clerk; Jason Lawrence, Deputy City Clerk; Tyler Eaton, Assistant Community Development Director; Joseph Smith, Contract Planner; Farah Stack, Environmental Sustainability Analyst; and Sarah Flores, Emergency Services Coordinator
PLEDGE OF ALLEGIANCE
Mayor Riggins led the Pledge of Allegiance.
CLOSED SESSION REPORT
Interim City Attorney Rusin reported that the meeting convened at 4:00 p.m., after which time the City Council recessed to a Closed Session pursuant to Government Code Sections 54956.9(d)(1), 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.
REPORT ON POSTING OF AGENDA
City Clerk Pettijohn reported that the agenda for the meeting was properly posted on October 17, 2025, with the amended agenda posted on October 20, 2025, and the second amended agenda posted October 24, 2025.
APPROVAL OF AGENDA
MOTION Councilmember Uhring moved, and Councilmember Stewart seconded a motion to approve the agenda and adjourn in memory of Barry Haldeman and San Bernardino County Deputy Andrew Nuñez.
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FRIENDLY AMENEDMENT
Councilmember Conrad moved to heard Item No. 7.D. after Item No. 3.
The friendly amendment was accepted by the maker and the seconder.
The motion carried unanimously.
ITEM 1 CONSENT CALENDAR
Mayor Riggins opened the floor to public comment on the Consent Calendar. As there were no speakers present, Mayor Riggins returned the matter to the table for discussion.
Interim City Attorney Rusin noted a typographical error on the agreement for Item No. 1.B.10. and recommended correcting the date the agreement was entered into to October 27, 2025.
Item Nos. 1.B.4., 1.B.6., 1.B.7., and 1.B.8. and were pulled by the Council.
MOTION Mayor Pro Tem Silverstein moved, and Councilmember Uhring seconded a motion to approve the Consent Calendar, pulling Item Nos 1.B.7., 1.B.8., 1.B.4., and 1.B.6., and correcting the typographical error in Item No. 1.B.10. The motion carried unanimously.
The Consent Calendar consisted of the following items:
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.
2. Approve Warrants
Recommended Action: Allow and approve warrant demand numbers 76934-77014 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. 777 in the amount of the warrant appearing opposite their names, for the purposes stated on the respective demands in a total amount of $ 1,275,229.76. City of Malibu payroll check number 5525-5528 and ACH deposits were issued in the amount of $ 520,349.09.
3. Approval of Minutes
Recommended Action: Approve the minutes for the May 8, 2025 Adjourned Regular Meeting and the May 12, 2025 Regular Meeting.
5. Investment Report for the Month Ending September 30, 2025 Recommended Action: Receive the Investment Report for the month ending September 30,2025.
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9. Professional Services Agreement with Cruz Strategies Recommended Action: Authorize the Mayor to execute a Professional Services Agreement with Cruz Strategies in an amount not to exceed $180,000 per year.
10. Professional Services Agreement with WBCP Inc. for Executive Recruitment Services for the City Manager Position
Recommended Action: Authorize the Mayor or City Manager to execute a Professional Services Agreement with WBCP Inc.in an amount not to exceed $28,900 (and up to $7900 in expenses) for executive recruitment services for the City Manager position.
The following items were pulled from the consent calendar for individual consideration:
4. Investment Report for the Month Ending August 31, 2025 Recommended Action: Receive the Investment Report for the month ending August 31, 2025.
The Council discussed the item and directed questions to staff.
Mayor Riggins received and filed the report without objection.
6. Amendment to Agreement with Ultimate Maintenance Services, Inc.
Recommended Action: Authorize the Mayor to execute Amendment No. 1 with Ultimate Maintenance Services, Inc. to add custodial services at the Malibu Skate Park and extend the Agreement term for services at Malibu City Hall and City parks.
The Council discussed the item and directed questions to staff.
MOTION Mayor Pro Tem Silverstein moved, and Councilmember Uhring seconded a motion to authorize the Mayor to execute Amendment No. 1 with Ultimate Maintenance Services, Inc. to add custodial services at the Malibu Skate Park and extend the Agreement term for services at Malibu City Hall and City parks. The motion carried unanimously.
7. Amendment No.2 to Professional Services Agreement with Chen Ryan & Associates
Recommended Action: Authorize the Mayor to execute Amendment No. 2 to Professional Services Agreement with Chen Ryan & Associates (CRA), Inc. dba CR Associates, for additional design engineering services and support during construction in the amount $30,000 for a total not to exceed $220,440.62 and extending the term of the agreement through May 9, 2027.
The Council discussed the item and directed questions to staff.
MOTION Councilmember Uhring moved, and Councilmember Conrad seconded a motion to authorize the Mayor to execute Amendment No. 2 to Professional 5 Malibu City Council
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Services Agreement with Chen Ryan & Associates (CRA), Inc. dba CR Associates, for additional design engineering services and support during construction in the amount $30,000 for a total not to exceed $220,440.62 and extending the term of the agreement through May 9, 2027. The motion carried unanimously.
8. Pacific Coast Highway Signal Synchronization System Improvements Recommended Action: Authorize the Mayor to increase the Public Works Director’s authority to approve potential change orders up to $1,600,000.00 for a total contingency amount of $4,829,396.33 not to exceed total construction contract amount of $14,606,387.33 for the Pacific Coast Highway (PCH) Signal Synchronization System Improvements Project.
The Council discussed the item and directed questions to staff.
MOTION Mayor Pro Tem Silverstein moved, and Councilmember Uhring seconded a motion to authorize the Mayor to increase the Public Works Director’s authority to approve potential change orders up to $1,600,000.00 for a total contingency amount of $4,829,396.33 not to exceed total construction contract amount of $14,606,387.33 for the Pacific Coast Highway (PCH) Signal Synchronization System Improvements Project. The motion carried unanimously.
ITEM 2 CEREMONIAL/PRESENTATIONS
A. Malibu Moves Donation to Non-Profit Organizations
Erica Segel reported on the Malibu Moves race results and funds raised for Malibu based non-profits. The recipients of the donations, Malibu Education Foundation and Community Brigade, discussed their appreciation for the race and the donation.
ITEM 3 COMMISSION / COMMITTEE / CITY MANAGER UPDATES
Interim City Manager Bond introduced Frances Arricale, the new Deputy City Manager, and discussed her experience. She announced that November 4, 2025 ballots had been mailed and vote centers were open. She announced a school separation town hall meeting on October 29, 2025. She stated Councilmember Stewart participated in a memorial event in honor of four Pepperdine students who died on Pacific Coast Highway (PCH) two years ago. She announced Community Development Director Bundy had been recognized with 2025 International Code Official of the Year award, and the Community Services Department had been recognized with an award for its role in Palisades Fire response and recovery. She announced the Community Development Department was hosting a series of community sessions, with the next event on November 18, 2026. She stated Community Development Department staff were meeting with the Fire Recovery Task Force Zone Captains weekly. She announced upcoming community events including an Urban Tides Beach Walk and a West Basin Municipal Water District 6 Malibu City Council
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Fire-scaping Workshop. She encouraged the public to contact the Fire Safety Liaisons to learn more about home hardening and Firewise Communities. She reminded the public about the annual brush clearance deadline and encouraged them to contact the Los Angeles County Fire Defensible Space Section with questions. She announced upcoming recreation programs.
Sergeant Chris Soderlund, Los Angeles County Sheriff Department, presented crime statistics for September 2025 and discussed significant incidents in October 2025. He presented a video on letter of agency program. He announced a tip a cop event, partnering with local restaurants to raise money for Paralympics.
The Council directed questions to Sergeant Soderlund.
Ranger Tim Pera, Mountains Recreation Conservation Authority, presented the September and October 2025 Ranger report and discussed significant incidents.
The Council directed questions to Ranger Pera.
RECESS At 6:28 p.m., Mayor Riggins recessed the meeting. The meeting resumed at 6:30 p.m. with all Councilmembers present.
ITEM 7 NEW BUSINESS
D. Veterans Day Recognition Ceremony Fee Waiver
Recommended Action: Consider whether to approve a request from The Malibu Navy League to waive the facility use and staffing fees and incur event costs for the Veterans Day Recognition Ceremony.
Mayor Riggins opened the floor to public comment.
Speaker: Sophie Kidian and Margaret Halphman
As there were no other speakers present, Mayor Riggins returned the matter to the table for discussion.
The Council discussed the item.
MOTION Mayor Pro Tem Silverstein moved, and Councilmember Conrad seconded a motion to approve a request from The Malibu Navy League to waive the facility use and staffing fees and incur event costs for the Veterans Day Recognition Ceremony.
The motion carried unanimously.
ITEM 4.A. PUBLIC COMMENTS
Jason Riddick, Malibu West HOA, discussed Broad Beach Geologic Hazard Abatement District (GHAD) operations, assessment fees, and litigation. 7 Malibu City Council
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Kevin Keegan discussed proposed rebuild solutions in Mayor Pro Tem Silverstein’s article in The Malibu Times and questioned why these items have not been scheduled for discussion. He recommended considering the proposal to liberalize the building code approval process and streamlining the coastal approval process.
Chris Wizner discussed the Surf Legend of the Year award.
Mayor Riggins asked the speaker to save their comments for Item No. 7.A.
Parker Kaplan discussed PCH safety and how it impacted kids and teenagers.
Michel Shane discussed PCH safety and the proposed Caltrans improvement project.
Anne K. requested more clocks and calendars be displayed in City Hall. She announced her candidacy for Governor of California.
Darren Graves deferred time to Abe Roy.
Abe Roy expressed he was encouraged by past three weeks of fire rebuild permitting progress. He discussed his proposal for expedited approvals for likefor-like and like-for-like plus 10% projects.
Arno Koch indicated support for Mr. Roy’s proposal. He recommended holding weekly City Council meetings.
Lea Johnson deferred time to Jo Drummond.
Jeff Grier deferred time to Jo Drummond.
Jo Drummond discussed local community events. She discussed the most recent Zone Captain meeting stated the meeting was productive. She discussed the number of rebuild permits issued.
Howard Rudski discussed the death of San Bernardino County Deputy Andrew Nuñez. and requested the Council adjourn in his memory.
Andy Lyon questioned why public comment speakers were not being shown on camera. He expressed dissatisfaction with Skate Park construction process.
Ryan experienced technical difficulties and was not available at the time of the hearing.
The Council discussed reordering the agenda.
MOTION Mayor Pro Tem Silverstein moved, and Councilmember Conrad seconded a motion to hear Item No. 7.A. next and move Item No. 5.C. to the end of the agenda. The 8 Malibu City Council
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motion carried unanimously.
ITEM 7 NEW BUSINESS (Continued)
A. Malibu Surf Legend Award
Recommended Action: 1) At the recommendation of the Parks and Recreation Commission, approve the guidelines for the Malibu Surf Legend Award; and 2) Approve Randall Miod as the 2025 award recipient.
Mayor Riggins opened the floor to public comment.
Speakers: Chris Wizner, and Ryan
As there were no other speakers present, Mayor Riggins returned the matter to the table for discussion.
The Council discussed the item.
MOTION Mayor Pro Tem Silverstein moved, and Councilmember Conrad seconded a motion to: 1) approve the guidelines for the Malibu Surf Legend Award; and 2) approve Randall Miod as the 2025 award recipient.
The Council discussed the item.
The motion carried unanimously.
ITEM 4.B. SUBCOMMITTEE REPORTS / COUNCIL COMMENTS
Mayor Pro Tem Silverstein discussed Archistar and the benefits and risks of using AI for permitting. He stated he had drafted a proposal with Councilmember Conrad for fire rebuild improvement items and planned to bring it forward as a Councilmember Item at the November 24, 2025 meeting, after meeting with staff.
He addressed Mr. Koch and stated the City Council held weekly meetings after the Palisades Fire, but additional meetings could be scheduled again if needed. He encouraged Mr. Roy to bring forward his own proposals when the Councilmember Item was scheduled. He stated he had been working on revisions to the Camping Ordinance. He stated he worked with Councilmember Conrad on proposed improvements to the rebuild process. He stated he worked with Interim City Attorney Rusin on issues related to the Fernandez litigation. He stated he attended a Big Rock community event at Duke’s Restaurant. He requested consensus to bring back an item to consider reinstating the Rebuild Ambassador position.
In response to Mayor Pro Tem Silverstein, Councilmember Stewart stated he understood the Zone Captains were serving a similar role.
Councilmember Uhring stated the Zone Captains were doing an excellent job helping rebuild process and he did not think an item needed to come back. 9 Malibu City Council
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Councilmember Conrad indicated support for a discussion on the Rebuild Ambassador position.
In response to Mayor Pro Tem Silverstein, Interim City Attorney Rusin stated staff could schedule a Special Meeting at the direction of the Council, but they would need time to work out the logistics. City Clerk Pettijohn stated staff may not be able to schedule an additional meeting for November 2025.
CONSENSUS
By consensus, the Council directed staff to bring back an item at the first available regular meeting to discuss the Rebuild Ambassador position.
Mayor Pro Tem Silverstein commended Planning Commissioner Marni Kamins for her article in The Malibu Times regarding the City’s Vision Statement and Mission Statement. He discussed emails from Community Development Director Bundy and Interim City Attorney Bond over the weekend and the tremendous value of the information provided on rebuild statistics in various jurisdictions. He stated the City was committed to transparency in its rebuild permit statistic reporting.
Councilmember Uhring thanked Ms. Drummond for her positive comments. He discussed differences between rebuilding in Malibu and Santa Rosa.
In response to Councilmember Uhring, Public Safety Director Dueñas stated the causes of the Franklin Fire and Broad Fire were undetermined.
Councilmember Uhring inquired if any businesses had been using the additional Temporary Use Permit (TUP) provisions that were approved to support business recovery from the fires. He discussed the drawbacks and risks of using AI for permitting. He welcomed Deputy City Manager Arricale. He discussed library programs to borrow tools and recommended a similar program for the Malibu Library.
In response to Councilmember Uhring, Mayor Riggins stated the Malibu Library had a tool lending library.
Councilmember Uhring discussed upcoming wind event and City preparations. He discussed a Los Angeles Times article related to people experiencing homelessness in Malibu.
Councilmember Conrad welcomed Deputy City Manager Arricale. She requested more information on the Broad Beach GHAD and what the City could do.
In response to Councilmember Conrad, Interim City Attorney Rusin stated he could provide her with more information.
Mayor Pro Tem Silverstein discussed the last City Council meeting item on the 10 Malibu City Council
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GHAD and stated it was concluded it was a private property issue.
Councilmember Conrad requested an update on the skate park construction. She discussed efforts to have other agencies operating in the City close their parks during Red Flag Events. She thanked the City for clearing the equipment from the Triangle lot. She requested an update on the Southern California Edison (SCE) targeted undergrounding.
In response to Councilmember Conrad, Interim City Manager Bond stated she would have more information after meeting with SCE this week.
Councilmember Conrad discussed Councilmember Item she was working on with Mayor Pro Tem Silverstein. She recommended scheduling the Strategic Plan for a special meeting. She commended Elizabth Riddick for her service on the Planning Commission. She discussed the legal requirements for City Council meetings and the logistical challenges of holding additional meetings.
Councilmember Stewart discussed the Archistar system and the risks and drawbacks of using AI for permitting. He discussed the staff time required for City Council meetings and the impact it had on City operations. He discussed fire rebuilding, including the necessary requirements of the Building Code and positive feedback from some architects who had been through the permit process. He expressed concern regarding flood risk in Serra Canyon. He discussed plans for Alert FM indoor emergency alerts. He discussed new legislation being approved in Sacramento. He welcomed Deputy City Manager Arricale.
Mayor Riggins discussed plans for recording Commission meetings and stated they would be available online soon. She congratulated Community Development Director Bundy and Community Services Director Riesgo on their awards. She welcomed Deputy City Manager Arricale. She encouraged the public to reach out to the Rebuild Center with any questions.
RECESS At 7:57 p.m., Mayor Riggins recessed the meeting. The meeting resumed at 8:15 p.m. with all Councilmembers present.
ITEM 5 ORDINANCES AND PUBLIC HEARINGS
A. Zoning Text Amendment No. 25-003 – An Amendment to Title 17 (Zoning) of the Malibu Municipal Code Modifying Regulations to Accessory Dwelling Units to Bring Existing Regulations into Compliance with New Changes to State Law Recommended Action: Continue this item to the November 10, 2025 Regular City Council meeting.
This item was continued upon approval of the agenda.
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B. Fire Hazard Severity Zones within the City of Malibu Recommended Action: 1) After the City Attorney reads the title, introduce on first reading Ordinance No.527 an Ordinance of the City of Malibu Designating Fire Hazard Severity Zones Within the City of Malibu based on the State Fire Marshal 2025 Local Responsibility Fire Hazard Severity Zone Map and Finding such Action Exempt from the California Environmental Quality Act, and 2) Direct staff to schedule a second reading and adoption of Ordinance No. 527 for the November 10, 2025, Regular City Council Meeting.
Emergency Services Coordinator Flores presented the staff report.
Mayor Riggins opened the floor to public comment.
Speakers: Darren Graves, Anne K.
As there were no other speakers present, Mayor Riggins returned the matter to the table for discussion.
The Council discussed the item.
MOTION Mayor Pro Tem Silverstein moved, and Councilmember Uhring seconded a motion to: 1) introduce on first reading Ordinance No.527 an Ordinance of the City of Malibu Designating Fire Hazard Severity Zones Within the City of Malibu based on the State Fire Marshal 2025 Local Responsibility Fire Hazard Severity Zone Map and Finding such Action Exempt from the California Environmental Quality Act, and 2) Direct staff to schedule a second reading and adoption of Ordinance No. 527 for the November 10, 2025, Regular City Council Meeting.
Interim City Attorney Rusin read the title of the ordinance.
The motion carried unanimously.
ITEM 6 OLD BUSINESS
A. Draft 2025 Strategic Plan
Recommended Action: Continue this item to the November 10, 2025 Regular City Council meeting.
This item was continued upon approval of the agenda.
ITEM 7 NEW BUSINESS (Continued)
B. Coastal Vulnerability Assessment Project Update
Recommended Action: Receive and file update on the Coastal Vulnerability Assessment.
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Environmental Sustainability Analyst Stack and Consultant James Jackson presented the staff report.
Mayor Riggins opened the floor to public comment. As there were no speakers present, Mayor Riggins returned the matter to the table for discussion.
The Council discussed the item and directed questions to staff.
Mayor Riggins received and filed the update on the Coastal Vulnerability Assessment without objection.
C. Professional Services Agreement with Frederick Fisher and Partners for a Masterplan/Concept Design for Heathercliff Recreation Center Recommended Action: Continue this item to the November 10, 2025 Regular City Council meeting.
This item was continued upon approval of the agenda.
ITEM 8 COUNCIL ITEMS
A. Council Appointments to the Mobilehome Park Rent Stabilization Commission Recommended Action: Mayor Riggins and Councilmember Conrad to make appointments to the Mobilehome Park Rent Stabilization Commission.
City Clerk Pettijohn presented the staff report.
Mayor Riggins opened the floor to public comment. As there were no speakers present, Mayor Riggins returned the matter to the table for discussion.
Mayor Riggins appointed Scott Blum to the Mobilehome Park Rent Stabilization Commission.
Councilmember Conrad appointed Sam Shenkman to the Mobilehome Park Rent Stabilization Commission.
ITEM 5 ORDINANCES AND PUBLIC HEARINGS
C. Negative Declaration No. 19-002, Local Coastal Program Amendment No. 16-001, General Plan Amendment No. 16-001, Zoning Map Amendment No. 15-001, Coastal Development Permit No. 23-046, Coastal Development Permit Amendment No. 25-002, Conditional Use Permit No. 16-007, Lot Tie No. 24-001 and Letter of Public Convenience or Necessity – Ryokan Bed and Breakfast Inn Project
Recommended Action: 1) Adopt Resolution No. 25-51 adopting Negative Declaration No. 19-002 and directing the filing of the Notice of Determination, approving Local Coastal Program Amendment (LCPA) No. 16-001 to change the land use designation from Community Commercial (CC) to Commercial Visitor 13 Malibu City Council
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Serving-One (CV-1) in the LCP Land Use Plan (LUP) on the parcel at 22752 Pacific Coast Highway (PCH) (existing Nobu Ryokan Motel lot, formerly known as the Casa Malibu Inn) and on the parcel at 22762 PCH (existing Malibu Tidepool Health Club lot) (collectively, Property), General Plan Map Amendment (GPMA) No. 16-001 to change the land use designation from CC to CV-1 on the parcel at 22752 PCH, Coastal Development Permit (CDP) No. 23-046 for the change in use from motel and gym on both parcels to a bed and breakfast inn and the conversion of office space on the parcel at 22762 PCH into a new guest suite, CDP Amendment (CDPA) No. 25-002 to amend a condition of approval in previously issued CDP No. 13-066 for the parcel at 22762 PCH (Tidepool) related to swimming pool use for guests of the bed and breakfast inn only, Conditional Use Permit (CUP) No. 16- 007 to permit the conversion of an existing legal non-conforming motel on the parcel at 22752 PCH and adjacent private health club on the parcel at 22762 PCH into a bed and breakfast inn and the sale of alcohol for onsite consumption on the Property, Lot Tie (LT) No. 21-001 to hold the two parcels as one parcel for the conjunctive use of the Property as a bed and breakfast inn, and authorizing the Community Development Director to submit a Letter of Public Convenience or Necessity for the sale of alcohol; 2) After the City Attorney reads the title of the ordinance, introduce on first reading Ordinance No. 528 approving Local Coastal Program Amendment (LCPA) No. 16-001 and Zoning Map Amendment (ZMA) No. 15-001 to change the zoning from CC to CV-1 in the LCP Local Implementation Plan (LIP) and Title 17 (Zoning) of the Malibu Municipal Code (MMC) for the Property; and 3) Direct staff to schedule a second reading and adoption of Ordinance No. 528 for the November 10, 2025 Regular City Council meeting and, if adopted, direct the filing of LCPA No. 16-001 (Resolution No. 25- 51 and Ordinance No. 528) with the California Coastal Commission (CCC) for certification.
Contract Planner Joseph Smith presented the staff report.
The Council directed questions to staff.
Disclosures: Mayor Riggins, Mayor Pro Tem Silverstein, Councilmember Uhring, Councilmember Conrad, and Councilmember Stewart
The Council directed questions to staff.
RECESS At 9:44 p.m., Mayor Riggins recessed the meeting. The meeting resumed at 9:50 p.m. with all Councilmembers present.
Mayor Riggins opened the floor to public comment.
Interim City Attorney Rusin discussed the procedure and time limits for public hearing for land use hearings.
The Council directed questions to staff.
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Speakers: John Heintz, Jo Drummond, Ben, Ryan
The Council directed questions to staff and Mr. Heintz.
Mr. Heintz provided rebuttal.
As there were no other speakers present, Mayor Riggins closed the public comment potion of the public hearing and returned the matter to the table for discussion.
MOTION Mayor Riggins moved to: 1) Adopt Resolution No. 25-51 adopting Negative Declaration No. 19-002 and directing the filing of the Notice of Determination, approving Local Coastal Program Amendment (LCPA) No. 16-001 to change the land use designation from Community Commercial (CC) to Commercial Visitor Serving-One (CV-1) in the LCP Land Use Plan (LUP) on the parcel at 22752 Pacific Coast Highway (PCH) (existing Nobu Ryokan Motel lot, formerly known as the Casa Malibu Inn) and on the parcel at 22762 PCH (existing Malibu Tidepool Health Club lot) (collectively, Property), General Plan Map Amendment (GPMA) No. 16-001 to change the land use designation from CC to CV-1 on the parcel at 22752 PCH, Coastal Development Permit (CDP) No. 23-046 for the change in use from motel and gym on both parcels to a bed and breakfast inn and the conversion of office space on the parcel at 22762 PCH into a new guest suite, CDP Amendment (CDPA) No. 25-002 to amend a condition of approval in previously issued CDP No. 13-066 for the parcel at 22762 PCH (Tidepool) related to swimming pool use for guests of the bed and breakfast inn only, Conditional Use Permit (CUP) No. 16- 007 to permit the conversion of an existing legal non-conforming motel on the parcel at 22752 PCH and adjacent private health club on the parcel at 22762 PCH into a bed and breakfast inn and the sale of alcohol for onsite consumption on the Property, Lot Tie (LT) No. 21-001 to hold the two parcels as one parcel for the conjunctive use of the Property as a bed and breakfast inn, and authorizing the Community Development Director to submit a Letter of Public Convenience or Necessity for the sale of alcohol; 2) introduce on first reading Ordinance No. 528 approving Local Coastal Program Amendment (LCPA) No. 16-001 and Zoning Map Amendment (ZMA) No. 15-001 to change the zoning from CC to CV-1 in the LCP Local Implementation Plan (LIP) and Title 17 (Zoning) of the Malibu Municipal Code (MMC) for the Property; and 3) Direct staff to schedule a second reading and adoption of Ordinance No. 528 for the November 10, 2025 Regular City Council meeting and, if adopted, direct the filing of LCPA No. 16-001 (Resolution No. 25-51 and Ordinance No. 528) with the California Coastal Commission (CCC) for certification.
The Council discussed the item and directed questions to staff and Mr. Heinz.
FRIENDLY AMENDMENT
Mayor Riggins moved to amend her motion to adopt Resolution No. 25-51 with the following amendments: a) add to Condition 45 that “Neighbors shall be invited to observe and comment on the noise study when conducted.”; b) add Condition 31 stating “Items will not be placed in dumpsters between the hours of 9:00 p.m. to 15 Malibu City Council
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7:00 a.m.”; c) add to Condition 16 that the prohibition on special events also includes film permits; d) correct the typographical error presented by staff to change “hotel” to “bed and breakfast inn”; e) add a condition stating “No live entertainment where direct or indirect compensation is provided to the entertainer is permitted on the property.”; f) revised Condition 17 to “The Property Owners and operator shall not use the parking lot for any use other than the uses and activities explicitly permitted for the subject parcel”; g) add to Condition 12 “All funds due pursuant to LIP Section 12. 10 shall be paid to the City. Pursuant to LIP Section 12. 10(C), the City may transfer any funds paid as an in-lieu fee to a public agency, non-profit organization or private entity after entering a Memorandum of Understanding or other contractual agreement that requires use of the funds for construction of lower cost overnight visitor accommodations in the Malibu-Santa Monica Mountains Coastal Zone area of Los Angeles County or Ventura County and requires that the accommodations remain lower cost.” Councilmember Stewart seconded the motion.
The motion carried unanimously.
ADJOURNMENT
Mayor Riggins adjourned the meeting at 11:36 p.m. in memory of E. Barry Haldeman and San Bernardino County Deputy Andrew Nuñez.
Approved and adopted by the City Council of the
City of Malibu on __________.
_________________________________
BRUCE SILVERSTEIN, Mayor
ATTEST:
_________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
16 MINUTES
MALIBU CITY COUNCIL
REGULAR MEETING
NOVEMBER 10, 2025
COUNCIL CHAMBERS
5:30 P.M.
MEETING CALL TO ORDER
Mayor Riggins called the meeting to order at 5:00 p.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.
PUBLIC COMMENT ON CLOSED SESSION
Mayor Riggins opened the floor to public comment.
Speakers: Anne K
RECESS TO CLOSED SESSION
At 5:04 p.m., the Council recessed to Closed Session to discuss the following items listed on the Closed Session agenda:
Conference with Legal Counsel – Anticipated Litigation
1. Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Government Code section 54956.9
Number of potential cases: (2)
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
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REGULAR SESSION CALL TO ORDER
Mayor Riggins called the meeting to order at 5:34 p.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, Deputy City Manager; Kristin Riesgo, Community Services Director; Yolanda Bundy, Community Development Director; Susan Dueñas, Public Safety Director; Rob DuBoux, Public Works Director; Parker Davis, Media Technician; Christina Muñoz, Deputy City Clerk; and Jason Lawrence, Deputy City Clerk
PLEDGE OF ALLEGIANCE
Mayor Riggins led the Pledge of Allegiance.
CLOSED SESSION REPORT
Interim City Attorney Rusin reported that the meeting convened at 5:00 p.m., after which time the City Council recessed to a Closed Session pursuant to Government Code Section 54956.9(d)(4), 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.
REPORT ON POSTING OF AGENDA
Deputy City Clerk Muñoz reported that the agenda for the meeting was properly posted on October 31, 2025, with the amended agenda posted on November 5, 2025 and the second amended agenda posted November 7, 2025.
APPROVAL OF AGENDA
MOTION Councilmember Uhring moved, and Councilmember Stewart seconded a motion to approve the agenda and continue Item No. 2.B. to the next meeting. The motion carried unanimously.
ITEM 1 CONSENT CALENDAR
Mayor Riggins opened the floor to public comment. As there were no public speakers present for the Consent Calendar, the Mayor returned the matter to the table for discussion.
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Item Nos. 1.B.5, 1.B.6, 1.B.7. 1.B.9. were pulled by the Council.
MOTION Councilmember Uhring moved, and Mayor Pro-Tem Silverstein seconded a motion to approve the Consent Calendar, pulling Item Nos. 1.B.5, 1.B.6, 1.B.7. and 1.B.9.
The motion carried unanimously.
The Consent Calendar consisted of the following items:
A. Previously Discussed Items
1. Second Reading and Adoption of Ordinance No. 527
Recommended Action: Conduct second reading, unless waived, and adopt Ordinance No. 527, designating Fire Hazard Severity Zones Within the City of Malibu based on the State Fire Marshal 2025 Local Responsibility Fire Hazard Severity Zone Map and Finding such Action Exempt from the California Environmental Quality Act.
2. Second Reading and Adoption of Ordinance No. 528
Recommended Action: Conduct second reading, unless waived, and adopt Ordinance No. 528, approving Local Coastal Program Amendment No. 16- 001 to change the zoning from community commercial to commercial visitor serving-one in the Local Coastal Program local implementation plan for 22752 Pacific Coast Highway and 22762 Pacific Coast Highway and directing the filing of the amendment with the California Coastal Commission for certification, and Zoning Map Amendment No. 15-001 to change the zoning from community commercial to commercial visitor serving-one for 22752 Pacific Coast Highway and 22762 Pacific Coast Highway; and finding the action to be exempt from the California Environmental Quality Act and consistent with Negative Declaration No. 19-002 for the project with no further environmental review under the California Environmental Quality Act required.
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.
3. Approval of Minutes
Recommended Action: Approve the minutes for the May 21, 2025 Regular Meeting.
4. Agreement with Docusign, Inc. for an Electronic Signature Solution Recommended Action: Authorize the Mayor to enter into an agreement with Docusign, Inc. for a total not-to-exceed amount of $86,962 for a trusted electronic signature solution.
8. Amendment to Agreement with Southwest Offset Printing Recommended Action: Authorize the Mayor to execute Amendment No. 2 with Southwest Offset Printing Co., Inc. for printing and mailing services of the Quarterly Recreation Guide and City Newsletter.
10. Federal Transit Administration Section 5310 Grant Program Recommended Action: Adopt Resolution No. 25-53, approving the authority to file for grant funding through the Federal Transit 19 Malibu City Council
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Administration (FTA) Section 5310 Grant Program.
11. Appropriation for Community Brigade and Malibu Education Foundation Deferred General Fund Grants
Recommended Action: Appropriate a $315,000 grant to the Malibu Education Foundation (City Council Community Grants – Malibu Education Foundation - 100-7001-5930-02) and a $100,000 grant to the Community Brigade (City Council Community Grants 100-7001-5930) both of which are to be paid in two installments one upon agreement execution and another in January of 2026.
The following items were pulled from the consent calendar for individual consideration:
5. Award Malibu Coast Animal Hospital Roof Repair Project Recommended Action: 1) Authorize the Mayor to execute an agreement with Felsen Group, Inc., in the amount of $84,716.00 for the construction of Malibu Coast Animal Hospital Roof Repair Project, Specification No. 2114; and 2) Authorize the Public Works Director to approve any potential change orders up to 15%.
The Council discussed the item and directed questions to staff.
MOTION Mayor Pro-Tem Silverstein moved, and Councilmember Uhring seconded a motion, to 1) authorize the Mayor to execute an agreement with Felsen Group, Inc., in the amount of $84,716.00 for the construction of Malibu Coast Animal Hospital Roof Repair Project, Specification No. 2114; and 2) authorize the Public Works Director to approve any potential change orders up to 15%. The motion carried unanimously.
6. On-Call Material Testing, Special Inspection and Source Material Inspection Services for City’s Capital Improvement Program Recommended Action: Authorize the Mayor to execute Professional Services Agreements with G3 Quality, Inc. and Ninyo & Moore in the amount of $200,000 annually to perform On-Call Material Testing, Special Inspection and Source Material Inspection Services for City’s Capital Improvement Program.
The Council discussed the item and directed questions to staff.
MOTION Councilmember Uhring moved, and Councilmember Stewart seconded a motion, to authorize the Mayor to execute Professional Services Agreements with G3 Quality, Inc. and Ninyo & Moore in the amount of $200,000 annually to perform On-Call Material Testing, Special Inspection and Source Material Inspection Services for City’s Capital Improvement Program. The motion carried unanimously.
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7. Amendment to Agreement with Enhanced Landscape Management LLC Recommended Action: Authorize the Mayor to execute Amendment No. 1 with Enhanced Landscape Management LLC to add landscape services at the Malibu Skate Park and obligations related to Federal Emergency Management Agency (FEMA) requirements.
The Council discussed the item and directed questions to staff.
MOTION Councilmember Conrad moved, and Councilmember Uhring seconded a motion, to authorize the Mayor to execute Amendment No. 1 with Enhanced Landscape Management LLC to add landscape services at the Malibu Skate Park and obligations related to Federal Emergency Management Agency (FEMA) requirements. The motion carried unanimously.
9. Amendment to Professional Services Agreement with Kosmont & Associates, Inc. for Economic Development and Public Funding Advisory Recommended Action: Authorize the Mayor to execute Amendment No. 1 to the Professional Service Agreement with Kosmont & Associates, Inc. (“Consultant”) to increase the compensation by an additional $55,000 for a new not to exceed amount of $79,900 to continue advisory services related to economic development and public funding strategies in support of postfire recovery efforts.
Deputy City Manager Rojas and Management Analyst Sanchez presented the staff report.
The Council discussed the item and directed questions to staff.
MOTION Councilmember Stewart moved, and Councilmember Uhring seconded a motion to authorize the Mayor to execute Amendment No. 1 to the Professional Service Agreement with Kosmont & Associates, Inc. (“Consultant”) to increase the compensation by an additional $55,000 for a new not to exceed amount of $79,900 to continue advisory services related to economic development and public funding strategies in support of postfire recovery efforts. The motion carried unanimously.
ITEM 2 CEREMONIAL/PRESENTATIONS
A. Waterworks District No. 29 Infrastructure Project Updates Carolina Hernandez, Assistant Deputy Director, Los Angeles County Public Works, and Bill Johnson, Area Engineer, presented an update on Waterworks District No. 29 infrastructure projects, including the Las Flores Mesa waterline project and additional generators funded in part by a $1.2 million Federal Emergency Management Agency Hazard Mitigation grant. She presented the District's 2025 Water Rate Study and proposed general rate increase. 21 Malibu City Council
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The Council directed questions to District representatives.
B. Current Status: Slope Failures and Landslides
This item was continued to a date uncertain.
ITEM 3 COMMISSION / COMMITTEE / CITY MANAGER UPDATES
Scott Dittrich, Public Works Commission, discussed a Caltrans presentation on one-lane roundabouts heard at the Public Works Commission's last meeting and expressed concern that the Commission's discussion and objections were not conveyed to the Planning Commission when the item was subsequently heard by that body. He requested the Council address how Commission input is communicated.
Interim City Attorney Rusin explained that the item may come before the Council as an appeal and advised against discussing project specifics.
Mayor Pro Tem Silverstein noted that public speakers were displayed from behind on the meeting broadcast rather than facing the camera and asked whether a protocol governing the display of speakers had changed. The Council discussed whether such a protocol had been adopted, and staff indicated the issue appeared to be technical. Councilmembers expressed support for restoring the public's ability to see speakers on the broadcast.
CONSENSUSBy consensus, the Council requested a future agenda item to discuss who can be seen, and how, at the meeting broadcast during public comment.
Interim City Manager Bond introduced Christopher Smith, the City’s new Interim Assistant City Manager. She reported on the City’s recent Sacramento meetings with state officials and agency representatives regarding continued fire recovery support and resource assistance. She highlighted recent local business openings and noted that streamlined Temporary Use Permit and sign permit processes remain available to businesses through May 31, 2026. She announced upcoming community events, including a fire-scaping workshop, rain barrel giveaway, wellness workshop, Cross Creek Road tree removal community meeting, Caffeinated Verse poetry event, Land, Water, Spirit exhibition opening reception, and Malibu Monarch Project lecture. She also announced Veterans Day closures.
She reported September 2025 homeless outreach data, volunteer registration for the January 22, 2026 Greater Los Angeles Homeless Count, new Legacy Park signage to support enforcement, and continuation of the local emergency declared on September 29, 2025. She clarified that Zone Zero, as written, would prohibit flammable plant materials within five feet of a structure, not trees within 30 feet, and stated that administrative guidelines remain under development with no enforcement currently in place. She reported that the City has 13 certified Firewise communities, with seven additional neighborhoods pursuing certification, and directed brush clearance complaints to the Los Angeles County Agricultural 22 Malibu City Council
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Commissioner. She stated staff was monitoring a forecasted storm. She stated completion of the Pacific Coast Highway Signal Synchronization Project, noted additional PCH safety measures approved by the City Council on October 27, 2025, and stated that Caltrans staff would assist at the Rebuild Center with encroachment permits. She also announced a new streamlined citywide generator permitting process allowing generator-only projects to bypass Planning Division review, with a 10-business-day plan review turnaround.
Community Development Director Bundy provided an update on fire rebuild permit statistics and fee waivers for the Woolsey Fire, Palisades Fire, and Franklin Fire. The Council directed questions to staff.
Mikke Pierson introduced Maryam Zar, the new Chief Executive Officer of the Malibu Pacific Palisades Chamber of Commerce, who discussed her civic background in Pacific Palisades and her goals for the Chamber's role in recovery.
Sergeant Chris Soderlund, Los Angeles County Sheriff Department, presented crime statistics for October 2025 and discussed significant incidents from the last two weeks.
The Council directed questions to Sergeant Soderlund.
RECESS At 7:35 p.m., Mayor Riggins recessed the meeting. The meeting resumed at 7:47 p.m. with all Councilmembers present.
ITEM 4.A. PUBLIC COMMENTS
Anne K. discussed her advocacy for community VHF radios for emergency communications, announced an online public safety scanner feed, and announced her candidacy for Governor of California.
Paul Grisanti discussed the Planning Commission's recent 4-1 decision to move forward with the PCH safety plan and urged the Council to handle any appeal of that decision expeditiously.
Scott Dittrich discussed overdevelopment in other communities and urged the Council to consider the City's vision statement of preserving Malibu's unique rural character in every decision.
Jo Drummond thanked Community Development Department staff and discussed fairness in rebuild permitting, contrasting the pace of fire rebuild permit issuance with the rapid grading of the Weintraub property at 4000 Malibu Canyon Road. She urged the Council to empower staff to streamline reviews for fire rebuilds and requested the Council send a letter on behalf of residents opposing the proposed Waterworks District No. 29 rate increase.
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Norm Haynie discussed the lack of water in municipal water tanks during wildfires, advocated for private water tanks with fire department-approved draft hydrants, and expressed coordination between the water district and the fire department in conditioning project approvals.
ITEM 4.B. SUBCOMMITTEE REPORTS / COUNCIL COMMENTS
Councilmember Uhring stated he met with Interim Assistant City Manager Smith and complimented the hire. He discussed Zone Captain meetings and rebuild progress, including the retention of two new geotechnical review firms, and expressed concern that inaccurate negative information circulating in the community would discourage residents from submitting rebuild applications. He encouraged residents to consult the rebuild dashboards on the City website for the Palisades, Woolsey, and Franklin Fires. He stated the grading of the Weintraub property was an emergency action to establish a refueling site for Army Corps of Engineers and Southern California Edison vehicles, not an effort to advance development. In response to Councilmember Uhring, Interim City Attorney Rusin stated the violation on the Smith parcel would be recorded against the property.
Councilmember Stewart stated the Weintraub property was cleared by the Franklin Fire and graded by the fire department as an emergency action during the Palisades Fire, and that the prior topography is required to be restored. He stated the Mountains Recreation and Conservation Authority granted property owners permission to perform brush clearance within 200 feet of their property on MRCA land without a permit. He congratulated Public Works Director DuBoux on the PCH Signal Synchronization Project. He discussed the Chamber's importance to the City's economic recovery, noting reduced property tax growth of 1% due to post-fire reassessments, reduced transient occupancy tax revenue, and the City's reliance on sales tax revenue.
Councilmember Conrad welcomed Interim Assistant City Manager Smith. She asked about community radio options for emergency communications and the availability of sandbags ahead of the forecasted storm. She discussed a meeting at Point Dume Headlands regarding euphorbia eradication. She requested a timeline for installation of the City's two outdoor warning sirens and publication of the evacuation plan, and Interim City Manager Bond stated they would return with a timeline.
In response to Councilmember Conrad, Interim City Manager Bond clarified the proposed development near Kanan Dume Road consisted of 200 units, not 2,000.
In response to Councilmember Conrad, Interim City Manager Bond stated staff was working with Southern California Edison senior leadership on an expedited utility undergrounding plan, particularly for Latigo Canyon.
Mayor Pro Tem Silverstein requested clarification whether like-for-like rebuild approvals run with the land or are owner-specific.
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In response to Mayor Pro Tem Silverstein, Interim City Attorney Rusin confirmed approvals run with the land, and stated staff would bring back an item if any lack of clarity remained.
Mayor Pro Tem Silverstein discussed the conduct of a recent Planning Commission hearing on the Caltrans PCH improvements item and expressed hope the hearings would be conducted more professionally in future. He requested evidence of the alleged arrangement between the fire department and the water district described during public comment. He credited Community Development Director Bundy for the acceleration of the rebuild process and credited Interim City Manager Bond for consolidating the Planning and Building Safety functions under a single director.
He concurred with Councilmember Stewart regarding the Weintraub property.
Mayor Riggins encouraged the public to verify claims independently and consult legitimate sources. She reported on the Sacramento trip with Interim City Manager Bond and Deputy City Manager Rojas and thanked Calstrat for arranging the meetings. She announced the Veterans Day celebration at City Hall.
ITEM 5 ORDINANCES AND PUBLIC HEARINGS
A. Procurement Standards Update to Increase City Manager’s Purchasing Authority and Small Purchase/Open Market Purchase Limits
Recommended Action: 1) After the City Attorney reads the title, introduce on first reading Ordinance No. 529, an ordinance amending Malibu Municipal Code Sections 2.56.070, 2.56.110, and 2.56.12, increasing the City Manager’s purchasing authority from $25,000 to $60,000 and raising the small purchase/openmarket purchases procedure from $5,000 to $10,000 in line with rate of inflation; 2) Adopt Resolution No. 25-52 approving the Procurement Standards Policy and repealing Resolution No. 18-36; and 3) Direct staff to schedule second reading and adoption of the ordinance for the November 24, 2025 Regular City Council meeting.
Deputy City Manager Rojas presented the staff report.
Mayor Riggins opened the floor to public comment.
Speaker: Anne K.
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.
MOTION Mayor Pro-Tem Silverstein moved, and Councilmember Uhring seconded a motion to introduce on first reading Ordinance No. 529, an ordinance amending Malibu Municipal Code Sections 2.56.070, 2.56.110, and 2.56.12, increasing the City Manager’s purchasing authority from $25,000 to $60,000 and raising the small 25 Malibu City Council
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purchase/open-market purchases procedure from $5,000 to $10,000 in line with rate of inflation; 2) Adopt Resolution No. 25-52 approving the Procurement Standards Policy and repealing Resolution No. 18-36; and 3) Direct staff to schedule second reading and adoption of the ordinance for the November 24, 2025 Regular City Council meeting. The motion carried unanimously.
B. Zoning Text Amendment No. 25-003 – An Amendment to Title 17 (Zoning) of the Malibu Municipal Code Modifying Regulations to Accessory Dwelling Units to Bring Existing Regulations into Compliance with New Changes to State Law Recommended Action: Continue this item to the November 24, 2025 Regular City Council meeting.
This item was continued to the November 24, 2025 Regular Meeting upon approval of the agenda.
ITEM 6 OLD BUSINESS
A. Draft 2025 Strategic Plan (Continued from October 27, 2025) Recommended Action: Approve the Draft 2025 Strategic Plan.
Deputy City Manager Rojas presented the staff report.
Mayor Riggins opened the floor to public comment.
Speaker: Anne K., Jo Drummond
As there were no other speakers present, Mayor Riggins returned the matter to the table for discussion.
The Council discussed the item.
MOTION Councilmember Stewart moved, and Mayor Pro-Tem Silverstein seconded a motion to approve the draft 2025 Strategic Plan, with the addition to the preamble that the priorities are not hierarchal. The motion carried unanimously.
ITEM 7 NEW BUSINESS
A. Malibu Education Foundation Holiday Tree Lot Fee Waiver and Finding Of Legitimate Public Purpose
Recommended Action: Consider whether to approve the request from the Malibu Education Foundation to waive the facility use fees for the Ioki Property for the Annual Holiday Tree Lot and find the fee waiver to be a legitimate public purpose as explained in this staff report.
Community Services Director Riesgo presented the staff report.
Mayor Riggins opened the floor to public comment.
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Speakers: Karen Al-Hardan, Anne K.
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.
MOTION Mayor Riggins moved, and Mayor Pro-Tem Silverstein seconded a motion to approve the request from the Malibu Education Foundation to waive the facility use fees for the Ioki Property for the Annual Holiday Tree Lot and find the fee waiver to be a legitimate public purpose as explained in this staff report. The motion carried unanimously.
RECESS At 9:15 p.m., Mayor Riggins recessed the meeting. The meeting resumed at 9:26 p.m. with all Councilmembers present.
B. Professional Services Agreement with Frederick Fisher and Partners for a Masterplan/Concept Design for Heathercliff Recreation Center Recommended Action: Authorize the Mayor to execute a Professional Services Agreement with Frederick Fisher and Partners for a Masterplan/Concept Design for a recreation center at Heathercliff Community Land.
Deputy City Manager Rojas presented the staff report.
Mayor Riggins opened the floor to public comment.
Speakers: Scott Dittrich, Howard Rudski, 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.
MOTION Mayor Riggins moved, and Councilmember Stewart seconded a motion to authorize the Mayor to execute a Professional Services Agreement with Frederick Fisher and Partners for a Masterplan/Concept Design for a recreation center at Heathercliff Community Land and the Use of Public Parks and Property City Council Ad Hoc Committee to return to the City Council after the study at Heathercliff has been completed. The motion carried 4-1, with Mayor Pro Tem Silverstein opposed.
MOTION Mayor Pro Tem Silverstein moved, and Councilmember Conrad seconded a motion to hear Item No. 8.A. before Item No. 7.C. The motion failed 2-3, with Councilmember Stewart, Uhring and Mayor Riggins opposed. 27 Malibu City Council
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C. Facility Fee Waiver Policy
Recommended Action: Review and provide feedback on the proposed City Council Policy #53 Facility Fee Waiver.
Community Services Director Riesgo presented the staff report.
Mayor Riggins opened the floor to public comment.
As there were no speakers, Mayor Riggins returned the matter to the table for discussion.
The Council discussed the item and directed questions to staff.
MOTION Mayor Pro-Tem Silverstein moved, and Councilmember Stewart seconded, a motion directing staff to return with a policy for adoption establishing a fee waiver approval process whereby fee waiver requests of up to $10,000 may be approved administratively, with an exception for recurring events previously approved by the City Council; however, any fee waiver request exceeding $75,000 shall require City Council approval. The question was called, and the motion carried unanimously.
MOTION Mayor Pro Tem Silverstein moved, and Councilmember Conrad seconded a motion to hear Item No. 8.A. after 10:30 p.m. The motion carried unanimously.
ITEM 8 COUNCIL ITEMS
A. Facility Fee Waiver Policy Request to Dedicate the full Multi-Purpose Room of City Hall as a Senior Center (Mayor Pro Tem Silverstein and Councilmember Conrad)
Recommended Action: At the request Mayor Pro Tem Silverstein and Councilmember Conrad, discuss and provide direction regarding the request to dedicate the full Multi-Purpose Room of City Hall as a Senior Center for exclusive use during public hours.
Deputy City Manager Rojas introduced the item. Mayor Pro-Tem Silverstein and Councilmember Conrad presented the staff report.
Mayor Riggins opened the floor to public comment.
Speaker: Anne K.
As there were no other speakers present, Mayor Riggins returned the matter to the table for discussion.
The Council discussed the item.
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MOTION Mayor Pro-Tem Silverstein moved, and Councilmember Conrad seconded a motion, to dedicate the full Multi-Purpose Room of City Hall as a Senior Center for exclusive use during public hours.
SUBSITUTE MOTION
Mayor Riggins moved, and Councilmember Uhring seconded a motion, to have staff return in 90 days with a report analyzing options for expanding senior programming.
The question was called to consider the substitute motion before the original motion and it carried 3-2, Mayor Pro-Tem Silverstein and Councilmember Conrad opposed.
The question was called for the substitute motion, the motion carried 3 – 2, with Councilmember Conrad and Mayor Silverstein opposed.
ADJOURNMENT
Mayor Riggins adjourned the meeting at 11:52 p.m. in honor of all those impacted by the November 2018 Woolsey Fire and the November 2018 mass shooting at the Borderline Bar & Grill in Thousand Oaks.
Approved and adopted by the City Council of the
City of Malibu on __________.
_________________________________
BRUCE SILVERSTEIN, Mayor
ATTEST:
_________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
29 City of Malibu
Memorandum
Agenda Item # 1.B.4
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 April 30, 2026 RECOMMENDED ACTION: Receive the Investment Report for the month ending April 30, 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 21.77%
U.S. Treasury 72.63%
U.S. Agencies 0.00%
Certificates of Deposit 5.60%
Investments month to month:
Investment
Issuer/Instrument Type
March 31, 2026 April 30, 2026
Amount
(in millions) Yield(A) %
Amount
(in millions) Yield(A) %
Operating Cash Cash $8.30 3.19% 10.17% $15.18 3.19% 17.13% LAIF Cash $2.53 3.82% 3.10% $2.55 3.81% 2.88%
CDs Investment $4.22 3.93% 5.17% $4.97 3.94% 5.60%
Treasury Bills Investment $0.00 0.00% 0.00% $0.00 0.00% 0.00% Treasury Notes Investment $62.21 3.82% 76.18% $60.13 3.80% 67.83% Treasury STRIPS Investment $4.24 4.01% 5.19% $4.25 4.01% 4.79% Money Market Cash $0.17 3.33% 0.20% $1.56 3.63% 1.76%
Total/Blended Yield 3.77% 3.71%
Total Duration(Years) 2.31 2.07
(A)Yield is based on Purchase Yield for Treasury Bills
Two-Year U.S. Treasury Note Benchmark, as of April 30, 2026: 3.88%.
The fair market value of all investments held by the City is $88,646,518 as of April 30, 2026.
ATTACHMENTS:
1. City of Malibu Investment Statement
2. City of Malibu Portfolio Analysis Statement
City Council Meeting
06-22-26
Item
1.B.4.
SNAPSHOT
Current period ending April 30, 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
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Attachment 1
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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.
SNAPSHOT Page 2 of 19
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 2026
ACCOUNT NUMBER:
Cash flow summary THIS PERIOD THIS YEAR
Opening value of cash and sweep balances $372.79
Income and distributions 147,101.42 744,860.19
Securities sold and redeemed 2,000,000.00 14,969,127.00 Net additions to cash $2,147,101.42 $15,713,987.19
Securities purchased -2,147,464.61 -15,756,754.96
Net subtractions from cash -$2,147,464.61 -$15,756,754.96 Closing value of cash and sweep balances $9.60
Income summary * THIS PERIOD THIS YEAR
TAXABLE Money market/sweep funds 684.27 6,807.81
Interest 140,468.54 726,444.51
Ordinary dividends and ST capital gains 5,948.61 10,331.29 Total taxable income $147,101.42 $743,583.61
Total federally tax-exempt income $0.00 $0.00
Total income $147,101.42 $743,583.61
* 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) -375,110.84 0.00 0.00
Long term (L) 1,319,593.05 0.00 0.00
Total $944,482.21 $0.00 $0.00
SNAPSHOT
072 ANCA ANC9
SNAPSHOT Page 3 of 19
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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 -103,516.00 Tax documents: X
Money market and sweep funds 103,525.60 Shareholder communications: X Available for loan 0.00 Other documents: X
Your total available funds $9.60
SNAPSHOT
072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 2026
ACCOUNT NUMBER:
Bond maturity schedule % OF
MATURING IN: AMOUNT MATURING CURRENT VALUE MATURING VALUE under 1 year 13,955,000.00 13,861,713.95 19.73
60,000,00 1 to 5 years 56,778,000.00 55,485,332.20 80.27 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 $70,733,000.00 $69,347,046.15 100.00%
0 under 1 1 - 5 6 - 10 11 - 15 16 - 20 21 - 30 Over 30
Years
Additional information
THIS PERIOD THIS YEAR THIS PERIOD THIS YEAR
Accrued interest on purchases 0.00 -22,650.34 Gross proceeds 2,000,000.00 14,969,127.00 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 (%) Cash -0.15 -103,516.00 0.00 N/A
ALLSPRING 0.15 103,525.60 3,344.00 3.23
GOVERNMENT MONEY MARKET
Interest Period 04/01/26 - 04/30/26
Total Cash and Sweep Balances 0.00 $9.60 $3,344.00
072 ANCA ANC9
Amount Maturing
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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 (%) 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 5.99 4,255,000 99.83 4,248,070.34 99.8590 4,249,000.45 930.11 N/A N/A N/A
93.98 3,999,109.60
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 5.59 4,000,000 91.07 3,643,007.00 99.0210 3,960,840.00 317,833.00 5,054.35 30,000 0.75
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 5.58 4,000,000 96.45 3,858,132.00 98.8810 3,955,240.00 97,108.00 8,469.94 100,000 2.52
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 3.13 2,245,000 95.32 2,139,978.18 98.7610 2,217,184.45 77,206.27 24,608.66 58,931 2.65 072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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 3.125% DUE 08/31/27
DTD 08/31/22 FC 02/28/23
Moody AA1
CUSIP 91282CFH9
Acquired 03/15/23 L 2.65 1,894,000 98.59 1,867,461.42 99.0580 1,876,158.52 8,697.10 9,971.81 59,188 3.15
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 4.00 2,985,000 88.91 2,654,128.14 94.9640 2,834,675.40 180,547.26 103.07 37,313 1.31
US TREASURY
NOTES
CPN 4.375% DUE 08/31/28
DTD 08/31/23 FC 02/29/24
Moody AA1
CUSIP 91282CHX2
Acquired 03/31/26 S 2.99 2,100,000 101.70 2,135,815.02 101.0390 2,121,819.00 -13,996.02 15,478.94 91,875 4.33 101.76 2,136,970.28
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 6.70 5,075,000 88.22 4,477,363.89 93.6600 4,753,245.00 275,881.11 23,324.68 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 2.14 1,565,000 92.50 1,447,763.07 97.0620 1,519,020.30 71,257.23 124.29 44,994 2.96 072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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 2.625% DUE 07/31/29
DTD 07/31/22 FC 01/31/23
Moody AA1
CUSIP 91282CFC0
Acquired 03/18/25 L 6.81 5,025,000 94.85 4,766,494.32 96.0350 4,825,758.75 59,264.43 32,794.37 131,906 2.73
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 6.83 4,910,000 100.26 4,922,786.17 98.5850 4,840,523.50 -82,262.67 14,555.61 171,850 3.55 100.30 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 4.24 3,000,000 99.61 2,988,405.43 100.1520 3,004,560.00 16,154.57 331.49 120,000 3.99
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 L 6.89 4,965,000 96.82 4,807,135.54 98.3780 4,884,467.70 77,332.16 43,203.73 173,775 3.55
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 L 6.90 5,350,000 89.17 4,770,769.19 91.4250 4,891,237.50 120,468.31 16,626.39 80,250 1.64 072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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 4.125% DUE 08/31/30
DTD 08/31/23 FC 02/29/24
Moody AA1
CUSIP 91282CHW4
Acquired 09/17/25 S 6.89 4,864,000 102.46 4,983,669.38 100.4720 4,886,958.08 -96,711.30 33,803.48 200,640 4.10 102.77 4,999,211.02
US TREASURY
NOTES
CPN 4.000% DUE 01/31/31
DTD 01/31/24 FC 07/31/24
Moody AA1
CUSIP 91282CJX0
Acquired 02/23/26 S 7.54 5,350,000 102.45 5,481,433.81 99.8820 5,343,687.00 -137,746.81 53,204.42 214,000 4.00 102.54 5,485,972.22
US TREASURY
NOTES
CPN 4.125% DUE 03/31/31
DTD 03/31/24 FC 09/30/24
Moody AA1
CUSIP 91282CKF7
Acquired 03/31/26 S 5.95 4,200,000 101.43 4,260,151.04 100.4060 4,217,052.00 -43,099.04 14,674.18 173,250 4.10 101.45 4,261,038.25
Total Government Bonds 90.79 65,783,000 $63,452,563.9 $64,381,427.65 $928,863.71 $296,329.41 $1,757,753 2.73 4 $63,227,829.9
9 ^ Denotes bonds with a maturity date in the next 60 days. Please contact us for further investment opportunities or any assistance. 072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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.
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 (%)
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 0.35 250,000 100.00 250,000.00 100.0280 250,070.00 70.00 1,698.63 10,000 3.99
TEXAS EXCHANGE BK SSB CD
CROWLEY TX ACT/365
CALLABLE FDIC INSD
CPN 1.100% DUE 10/29/26
DTD 10/29/21 FC 11/29/21
CALL 05/29/26 @ 100.000
CUSIP 88241TMC1
Acquired 10/22/21 L 0.35 250,000 100.00 250,000.00 98.6230 246,557.50 -3,442.50 15.06 2,750 1.11
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 0.28 200,000 100.00 200,000.00 100.5980 201,196.00 1,196.00 4,529.59 9,900 4.92
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 98.3560 245,890.00 -4,110.00 181.17 2,875 1.16
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 0.35 250,000 100.00 250,000.00 100.1440 250,360.00 360.00 2,108.22 10,125 4.04 072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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 (%)
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 0.35 250,000 100.00 250,000.00 100.5390 251,347.50 1,347.50 1,606.85 11,500 4.57
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 0.35 250,000 100.00 250,000.00 100.4850 251,212.50 1,212.50 1,263.70 11,250 4.47
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 0.36 250,000 100.00 250,000.00 100.7310 251,827.50 1,827.50 3,875.35 11,500 4.56
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 0.36 250,000 100.00 250,000.00 100.8940 252,235.00 2,235.00 3,798.63 11,750 4.65
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 96.9010 242,252.50 -7,747.50 54.80 5,000 2.06 072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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 (%)
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 L 0.35 250,000 100.00 250,000.00 100.1430 250,357.50 357.50 943.15 10,125 4.04
BANK OF AMERICA NA CD
CHARLOTTE NC ACT/365
FDIC INSD
CPN 3.950% DUE 04/24/28
DTD 04/22/26 FC 10/22/26
CUSIP 06051X6T4
Acquired 04/15/26 S 0.35 250,000 100.00 250,000.00 99.9980 249,995.00 -5.00 243.50 9,875 3.95
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 L 0.36 250,000 100.00 250,000.00 100.9340 252,335.00 2,335.00 88.35 10,750 4.26
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 0.36 250,000 100.00 250,000.00 102.1250 255,312.50 5,312.50 5,697.94 11,750 4.60
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 0.36 250,000 100.00 250,000.00 102.1250 255,312.50 5,312.50 5,697.94 11,750 4.60 072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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 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 0.36 250,000 100.00 250,000.00 101.9720 254,930.00 4,930.00 4,841.10 11,625 4.56
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 0.36 250,000 100.00 250,000.00 101.5420 253,855.00 3,855.00 3,821.92 11,250 4.43
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 L 0.36 250,000 100.00 250,000.00 100.7450 251,862.50 1,862.50 1,863.01 10,625 4.21
GOLDMAN SACHS BK USA CD
NEW YORK NY ACT/365
FDIC INSD
CPN 4.000% DUE 04/21/31
DTD 04/21/26 FC 10/21/26
CUSIP 38151PMN8
Acquired 04/15/26 S 0.35 250,000 100.00 250,000.00 99.7420 249,355.00 -645.00 273.98 10,000 4.01 072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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 (%)
STATE BANK OF INDIA CD
NEW YORK NY ACT/365
FDIC INSD
CPN 4.000% DUE 04/22/31
DTD 04/22/26 FC 10/22/26
CUSIP 856288FQ3
Acquired 04/15/26 S 0.35 250,000 100.00 250,000.00 99.7420 249,355.00 -645.00 246.58 10,000 4.01 Total Certificates of Deposit 7.00 4,950,000 $4,950,000.00 $4,965,618.50 $15,618.50 $42,849.47 $194,400 3.91 Total Fixed Income Securities 97.80 $68,402,563.9 $69,347,046.15 $944,482.21 $339,178.88 $1,952,153 2.82 4 $68,177,829.9
9 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 03/25/26 S 165,377.57000 1.00 165,377.57 165,377.57 0.00 Acquired 04/16/26 S 1,288,000 1.00 1,288,000.00 1,288,000.00 0.00 Acquired 04/30/26 S 103,516 1.00 103,516.00 103,516.00 0.00 Reinvestments S 5,948.61000 1.00 5,948.61 5,948.61 0.00 072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 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 2.20 1,562,842.18000 $1.00 $1,562,842.18 1.0000 $1,562,842.18 $0.00 $56,731 3.63 Client Investment (Excluding Reinvestments) $1,556,893.57 Gain/Loss on Client Investment (Including Reinvestments) $5,948.61 Total Open End Mutual Funds 2.20 $1,562,842.18 $1,562,842.18 $0.00 $56,731 3.63 Total Mutual Funds 2.20 $1,562,842.18 $1,562,842.18 $0.00 $56,731 3.63 Activity detail
Income and distributions
DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 04/01 Cash DIVIDEND FIDELITY FUNDS 5,948.61
FIDELITY TREASURY ONLY
PORT INSTL CLASS SHS
033126 165,377.57000
AS OF 3/31/26
04/08 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
040826 250,000
CUSIP 90348JX96
04/15 Cash INTEREST US TREASURY 37,500.00
NOTES
CPN 3.750% DUE 04/15/26
DTD 04/15/23 FC 10/15/23
041526 2,000,000
CUSIP 91282CGV7
072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 2026
ACCOUNT NUMBER:
Activity detail continued
Income and distributions
DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 04/27 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
042726 250,000
CUSIP 15118RTH0
04/28 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
042826 250,000
CUSIP 91527PCP0
04/29 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
042926 250,000
CUSIP 88241TMC1
04/30 Cash INTEREST US TREASURY 60,000.00
NOTES
CPN 4.000% DUE 10/31/29
DTD 10/31/22 FC 04/30/23
043026 3,000,000
CUSIP 91282CFT3
04/30 Cash INTEREST US TREASURY 22,496.88
NOTES
CPN 2.875% DUE 04/30/29
DTD 04/30/22 FC 10/31/22
043026 1,565,000
CUSIP 91282CEM9
04/30 Cash INTEREST US TREASURY 18,656.25
NOTES
CPN 1.250% DUE 04/30/28
DTD 04/30/21 FC 10/31/21
043026 2,985,000
CUSIP 91282CBZ3
072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 2026
ACCOUNT NUMBER:
Activity detail continued
Income and distributions
DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 04/30 Cash DIVIDEND ALLSPRING 684.27
GOVERNMENT MONEY MARKET
SWEEP CLASS
043026 102,841
Total Income and distributions: $147,101.42
Securities sold and redeemed
DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 04/15 Cash REDEMPTION -2,000,000.00000 US TREASURY 2,000,000.00 NOTES
CPN 3.750% DUE 04/15/26
DTD 04/15/23 FC 10/15/23
CUSIP 91282CGV7
Total Securities sold and redeemed: $2,000,000.00
Securities purchased
DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 04/01 Cash REINVEST DIV 5,948.61000 FIDELITY FUNDS -5,948.61
FIDELITY TREASURY ONLY
PORT INSTL CLASS SHS
REINVEST AT 1.000
04/15 Cash PURCHASE 250,000.00000 BANK OF AMERICA NA CD 100.0000 -250,000.00 CHARLOTTE NC ACT/365
FDIC INSD
CPN 3.950% DUE 04/24/28
DTD 04/22/26 FC 10/22/26
CUSIP 06051X6T4
04/15 Cash PURCHASE 250,000.00000 GOLDMAN SACHS BK USA CD 100.0000 -250,000.00 NEW YORK NY ACT/365
FDIC INSD
CPN 4.000% DUE 04/21/31
DTD 04/21/26 FC 10/21/26
CUSIP 38151PMN8
072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 2026
ACCOUNT NUMBER:
Activity detail continued
Securities purchased
DATE ACCOUNT TYPE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT 04/15 Cash PURCHASE 250,000.00000 STATE BANK OF INDIA CD 100.0000 -250,000.00 NEW YORK NY ACT/365
FDIC INSD
CPN 4.000% DUE 04/22/31
DTD 04/22/26 FC 10/22/26
CUSIP 856288FQ3
04/16 Cash PURCHASE 1,288,000.00000 FIDELITY FUNDS 1.0000 -1,288,000.00
FIDELITY TREASURY ONLY
PORT INSTL CLASS SHS
04/30 Cash PURCHASE 103,516.00000 FIDELITY FUNDS 1.0000 -103,516.00
FIDELITY TREASURY ONLY
PORT INSTL CLASS SHS
Total Securities purchased: -$2,147,464.61
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 04/01 BEGINNING BALANCE 4,188,716.81 04/27 TRANSFER TO ALLSPRING 424.66
GOVERNMENT MONEY MARKET
04/01 TRANSFER FROM ALLSPRING -4,188,344.02 04/28 TRANSFER TO ALLSPRING 913.01
GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
04/08 TRANSFER TO ALLSPRING 244.18 04/29 TRANSFER TO ALLSPRING 233.56
GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
04/15 TRANSFER TO ALLSPRING 2,037,500.00 04/30 REINVEST DIV ALLSPRING 684.27
GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
04/17 TRANSFER FROM ALLSPRING -1,288,000.00 04/30 TRANSFER TO ALLSPRING 101,153.13
GOVERNMENT MONEY MARKET GOVERNMENT MONEY MARKET
04/21 TRANSFER FROM ALLSPRING -250,000.00 04/30 ENDING BALANCE 103,525.60
GOVERNMENT MONEY MARKET
04/22 TRANSFER FROM ALLSPRING -500,000.00
GOVERNMENT MONEY MARKET
072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 2026
ACCOUNT NUMBER:
Bank Deposits Through Teller April 1 - April 30
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
04/01 BEGINNING BALANCE $0.00
04/30 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 $0.00 072 ANCA ANC9
CITY OF MALIBU
RUTH QUINTO
APRIL 1, 2026 - APRIL 30, 2026
ACCOUNT NUMBER:
Realized Gain/Loss Detail
Long term
ADJ PRICE/ DATE ADJ COST/
DESCRIPTION QUANTITY ORIG PRICE ACQUIRED CLOSE DATE PROCEEDS ORIG COST GAIN/LOSS US TREASURY 2,000,000.00000 100.0000 04/02/24 04/15/26 2,000,000.00 2,000,000.00 0.00
98.5382 1,970,772.62
NOTES
CPN 3.750% DUE 04/15/26
DTD 04/15/23 FC 10/15/23
CUSIP 91282CGV7
Total Long term $2,000,000.00 $2,000,000.00 $0.00
$1,970,772.62
Specific instructions and disclosures
Available funds
"Available for loan" reflects the approximate amount available as of the statement period ending date and should be reduced by any pending checks and Visa charges not yet cleared. This amount is the approximate amount available for withdrawal and loans. A margin loan is a variable rate loan secured by your account.
Income on non-reportable accounts
Your income summary is categorized into taxable and tax-exempt income based upon the securities that you hold. Please be aware that, since this is a 1099 non-reportable account, this income will NOT be reported to the IRS, but is being provided to you for informational purposes only.
Callable Securities
Securities that are subject to a partial call will be selected by an impartial lottery process in which the probability of your securities being selected for redemption is proportional to the holdings of all shareholders of such securities held in street name. If a security is called prior to maturity it may affect the yield you receive. Additional information is available at www.wellsfargoadvisors.com under Legal Disclosures or the written procedures are available upon request.
Cost basis - To add or update information or modify your reporting options, please contact Your Financial Advisor.
This statement presents estimated unrealized or realized gains or losses for your information only. If acquisition or other information is not available, the gain/loss information may not be displayed and section and summary totals may not reflect your complete portfolio. Cost basis information is not verified by WFCS or Wells Fargo Advisors Financial Network and should not be relied upon for legal or tax purposes. Revisions to this information (due to corporate mergers, tenders and other reorganizations) may be required from time to time.
Cost basis for factored bonds (GNMA, CMO, etc.) will be adjusted for paydown of principal. Systematic investments in mutual funds and reinvested dividends for mutual funds and stocks have been consolidated for each position. Unit cost data for systematic investments and dividend reinvestment securities is provided for informational purposes only and is a non-weighted average.
Your account statement should not be used for tax preparation without assistance from your tax consultant. We do not report capital gains or losses for non-covered securities to the IRS.
Cost basis options
Unless specific tax lots are selected at trade time, sales of tax lots will occur using the cost basis election reflected in the Account profile section.
Estimated accrued interest on Fixed Income securities
Estimated accrued interest is included in the Portfolio summary as a convenience to you and represents the estimated portion of the interest that would be received upon the sale of the Fixed Income positions in your account, calculated from the date of the last coupon (or dated date) through the date of the account statement, based upon information provided by the issuer. This is not a guarantee that this amount will be realized in your account. Actual income will be based upon the payout schedule of the securities held in your account. If you own a Foreign Fixed Income security, and it is denominated in a foreign currency, the Estimated accrued interest will not be accurate. 072 ANCA ANC9
*** THIS PAGE IS INTENTIONALLY LEFT BLANK ***
Portfolio Analysis
Prepared for CITY OF MALIBU
May 01, 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.
© 2026 Wells Fargo
PM-09082027-5275575
Attachment 2
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 | May 01, 2026
Fixed Income Summary
As of 04/30/2026 for XXXX7847 - CITY OF MALIBU
Security Sub Type
Security sub type Market value % Fxd income
Government Bond 64,381,428 92.80%
Certificates of Deposit 4,965,619 7.20%
Total $69,347,046 100%
Credit Quality Ratings
Credit quality ratings % Fxd income
Treasury 92.80%
CDs 7.20%
Agency -
AAA -
AA -
A -
BBB -
Below inv grade -
Not rated -
N/A -
Total 100%
Bond Statistics
Statistic Taxable Tax exempt
Weighted avg coupon 2.78% -
Yield at purchase 3.82% -
Yield to maturity 3.86% -
Yield to worst 3.86% -
Weighted avg maturity: 2.32 yrs
Total duration: 2.67 yrs
Estimated Income Annualized
Month Estimated income annualized
05/2026 47,632
06/2026 54,034
07/2026 267,424
08/2026 243,082
09/2026 240,938
10/2026 117,889
11/2026 47,664
12/2026 53,844
01/2027 267,102
02/2027 227,686
03/2027 240,061
04/2027 117,387
Total $1,924,743
Taxable $1,924,743
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 | May 01, 2026 Page 3 of 21
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: 100% 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), 1% of bonds with a N/A bond terms.
CITY OF MALIBU | May 01, 2026 Page 4 of 21
Total portfolio value: $70,909,898
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 250,000 246,558
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 - 69,100,489
Total $250,000 $69,347,046
CITY OF MALIBU | May 01, 2026 Page 5 of 21
Fixed Income Statistics
As of 04/30/2026 for XXXX7847 - CITY OF MALIBU
Subtotals and totals are weighted averages based on market value These references may display in the following data table within the column, Description:**Indicates that this holding is insured by a credit agency but the specific insurer is unknown. Redemption Types: M - maturity, R - refunded, T - mandatory tender/put, P - perpetual (displays date of report plus sixty years), D - Dutch auction or optional tender, A - estimated average life of prepaying securities. Call Types: C - Optional Premium Call, P - Optional Par Call. YTW Codes: C = next call, P = par call, W = middle call, R = pre-refunding, M = maturity of issue, A = estimated average life on principal paydown securities, T = next mandatory put/tender, F = called in full.
Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
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
2.780%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
69,347,046
and
944,482
and
3.82%
N/A
and
3.86%
and
3.86%
2.7 and
0.1 2.7
and
100.0%
and
97.8%
Treasury Note
security type total (category applies to all holdings below) N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
2.881%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
60,132,427
and
927,934
and
3.80%
N/A
and
3.86%
and
3.86%
2.9 and
0.1 2.5
and
86.7%
and
84.8%
US TREASURY/ NOTES/
91282CCW9
4,000,000
and
-
and
-
AA1
and
-
and
-
0.750%
and
Fixed
08/31/26 M
and
-
and
-
99.02 and
91.08 and
91.08 3,960,840
and
317,833
and
3.52%
98.76 and
3.78% M
and
3.78%
0.4 and
0.0 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
-
98.88 and
96.45 and
96.45 3,955,240
and
97,108
and
3.45%
98.82 and
3.71% M
and
3.71%
1.0 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
-
98.76 and
95.32 and
95.32 2,217,184
and
77,206
and
4.21%
98.64 and
3.82% M
and
3.82%
1.1 and
0.0 and
0.0 and
3.2%
and
3.1%
US TREASURY/ NOTES/
91282CFH9
1,894,000
and
-
and
-
AA1
and
-
and
-
3.125%
and
Fixed
08/31/27 M
and
-
and
-
99.06 and
98.60 and
98.60 1,876,159
and
8,697
and
3.47%
99.02 and
3.84% M
and
3.84%
1.4 and
0.0 and
0.0 and
2.7%
and
2.6%
US TREASURY/ NOTES/
91282CBZ3
2,985,000
and
-
and
-
AA1
and
-
and
-
1.250%
and
Fixed
04/30/28 M
and
-
and
-
94.96 and
88.92 and
88.92 2,834,675
and
180,547
and
4.24%
94.90 and
3.82% M
and
3.82%
2.0 and
0.1 and
0.1 and
4.1%
and
4.0%
2,100,000
and
-
and
AA1
and
-
and
08/31/28 M
and
-
and
101.04
and
101.70
and
2,121,819
and
-13,996
and
101.25
and
3.83% M
and
0.1 and
3.1%
and
US TREASURY/ NOTES/
91282CHX2
4.375%
and
Fixed
2.3 and
0.1 and
CITY OF MALIBU | May 01, 2026 Page 6 of 21
Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
and Gain Loss ($)
and
Purch Yld
Yld Price
and
YTWand
YTM
Duration
and
Convexity
Dur Cont
and
% Fxd Inc
and
% Port
- - - 101.76 3.61% 3.83% 3.0%
US TREASURY/ NOTES/
91282CDP3
5,075,000
and
-
and
-
AA1
and
-
and
-
1.375%
and
Fixed
12/31/28 M
and
-
and
-
93.66 and
88.22 and
88.22 4,753,245
and
275,881
and
4.06%
93.66 and
3.82% M
and
3.82%
2.6 and
0.1 and
0.2 and
6.9%
and
6.7%
US TREASURY/ NOTES/
91282CEM9
1,565,000
and
-
and
-
AA1
and
-
and
-
2.875%
and
Fixed
04/30/29 M
and
-
and
-
97.06 and
92.51 and
92.51 1,519,020
and
71,257
and
4.57%
97.22 and
3.84% M
and
3.84%
2.9 and
0.1 and
0.1 and
2.2%
and
2.1%
US TREASURY/ NOTES/
91282CFC0
5,025,000
and
-
and
-
AA1
and
-
and
-
2.625%
and
Fixed
07/31/29 M
and
-
and
-
96.04 and
94.86 and
94.86 4,825,759
and
59,264
and
3.92%
96.18 and
3.86% M
and
3.86%
3.1 and
0.1 and
0.2 and
7.0%
and
6.8%
US TREASURY/ NOTES/
91282CLN9
4,910,000
and
-
and
-
AA1
and
-
and
-
3.500%
and
Fixed
09/30/29 M
and
-
and
-
98.58 and
100.26
and
100.30
4,840,524
and
-82,263
and
3.42%
98.80 and
3.87% M
and
3.87%
3.3 and
0.1 and
0.2 and
7.0%
and
6.8%
US TREASURY/ NOTES/
91282CFT3
3,000,000
and
-
and
-
AA1
and
-
and
-
4.000%
and
Fixed
10/31/29 M
and
-
and
-
100.15
and
99.61 and
99.61 3,004,560
and
16,155
and
4.09%
100.40
and
3.88% M
and
3.88%
3.3 and
0.1 and
0.1 and
4.3%
and
4.2%
US TREASURY/ NOTES/
91282CGJ4
4,965,000
and
-
and
-
AA1
and
-
and
-
3.500%
and
Fixed
01/31/30 M
and
-
and
-
98.38 and
96.82 and
96.82 4,884,468
and
77,332
and
4.22%
98.61 and
3.89% M
and
3.89%
3.5 and
0.1 and
0.2 and
7.0%
and
6.9%
US TREASURY/ NOTES/
912828Z94
5,350,000
and
-
and
-
AA1
and
-
and
-
1.500%
and
Fixed
02/15/30 M
and
-
and
-
91.42 and
89.17 and
89.17 4,891,238
and
120,468
and
3.95%
91.51 and
3.88% M
and
3.88%
3.7 and
0.2 and
0.3 and
7.1%
and
6.9%
US TREASURY/ NOTES/
91282CHW4
4,864,000
and
-
and
-
AA1
and
-
and
-
4.125%
and
Fixed
08/31/30 M
and
-
and
-
100.47
and
102.46
and
102.78
4,886,958
and
-96,711
and
3.51%
100.77
and
3.93% M
and
3.93%
4.0 and
0.2 and
0.3 and
7.0%
and
6.9%
US TREASURY/ NOTES/
91282CJX0
5,350,000
and
-
and
-
AA1
and
-
and
-
4.000%
and
Fixed
01/31/31 M
and
-
and
-
99.88 and
102.46
and
102.54
5,343,687
and
-137,747
and
3.44%
100.20
and
3.95% M
and
3.95%
4.3 and
0.2 and
0.3 and
7.7%
and
7.5%
4,200,000
and
-
and
AA1
and
-
and
03/31/31 M
and
-
and
100.41
and
101.43
and
4,217,052
and
-43,099
and
100.71
and
3.97% M
and
0.3 and
6.1%
and
US TREASURY/ NOTES/
91282CKF7
4.125%
and
Fixed
4.5 and
0.2 and
CITY OF MALIBU | May 01, 2026 Page 7 of 21
Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
and Gain Loss ($)
and
Purch Yld
Yld Price
and
YTWand
YTM
Duration
and
Convexity
Dur Cont
and
% Fxd Inc
and
% Port
- - - 101.45 3.80% 3.97% 5.9%
Treasury Strip
security type total (category applies to all holdings below) N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
-
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
4,249,000
and
930
and
4.01%
N/A
and
3.71%
and
3.71%
0.1 and
-
0.0 and
6.1%
and
6.0%
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
-
99.86 and
99.84 and
93.99 4,249,000
and
930
and
4.01%
99.55 and
3.71% M
and
3.71%
0.1 and
0.0 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
3.939%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
4,965,619
and
15,619
and
3.93%
N/A
and
3.91%
and
3.91%
1.7 and
-
0.1 and
7.2%
and
7.0%
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
-
100.03
and
100.00
and
100.00
250,070
and
70 and
4.00%
100.04
and
3.89% M
and
3.89%
0.4 and
0.0 and
0.0 and
0.4%
and
0.4%
TEXAS EXCHANGE BK
SSB CD/ CROWLEY TX
ACT/365/ 88241TMC1
250,000
and
-
and
-
-
and
-
and
FDIC
1.100%
and
Fixed
10/29/26 M
and
05/29/26 P
and
100.00
98.62 and
100.00
and
100.00
246,558
and
-3,443
and
1.10%
98.41 and
3.88% M
and
3.88%
0.6 and
0.0 and
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
-
100.60
and
100.00
and
100.00
201,196
and
1,196
and
4.95%
100.70
and
3.79% M
and
3.79%
0.6 and
0.0 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
-
98.36 and
100.00
and
100.00
245,890
and
-4,110
and
1.15%
98.16 and
3.86% M
and
3.86%
0.7 and
0.0 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
-
100.14
and
100.00
and
100.00
250,360
and
360
and
4.05%
100.19
and
3.82% M
and
3.82%
0.9 and
0.0 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
-
100.54
and
100.00
and
100.00
251,348
and
1,348
and
4.60%
100.62
and
3.92% M
and
3.92%
0.9 and
0.0 and
0.0 and
0.4%
and
0.4%
BRADESCO BANK CD/ 250,000
and
-
and
4.500%
and
03/22/27 M
and
100.48
and
251,213
and
100.56
and
0.9 and
0.0 and
CITY OF MALIBU | May 01, 2026 Page 8 of 21
Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
and Gain Loss ($)
and
Purch Yld
Yld Price
and
YTWand
YTM
Duration
and
Convexity
Dur Cont
and
% Fxd Inc
and
% Port
CORAL GABLES FL
ACT/365/ 10421AAT4
-
and
-
-
and
FDIC
Fixed -
and
-
100.00
and
100.00
1,213
and
4.50%
3.91% M
and
3.91%
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
-
100.73
and
100.00
and
100.00
251,828
and
1,828
and
4.60%
100.81
and
3.88% M
and
3.88%
1.1 and
0.0 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
-
100.89
and
100.00
and
100.00
252,235
and
2,235
and
4.70%
100.99
and
3.88% M
and
3.88%
1.2 and
0.0 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
-
96.90 and
100.00
and
100.00
242,253
and
-7,748
and
2.00%
96.81 and
3.90% M
and
3.90%
1.7 and
0.0 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
-
100.14
and
100.00
and
100.00
250,358
and
358
and
4.05%
100.25
and
3.92% M
and
3.92%
1.9 and
0.0 and
0.0 and
0.4%
and
0.4%
BANK OF AMERICA NA
CD/ CHARLOTTE NC
ACT/365/ 06051X6T4
250,000
and
-
and
-
-
and
-
and
FDIC
3.950%
and
Fixed
04/24/28 M
and
-
and
-
100.00
and
100.00
and
100.00
249,995
and
-5
and
-
-
and
-
and
-
-
and
-
and
-
and
0.4%
and
0.4%
UNIVEST BANK & TR
CO CD/ SOUDERTON
PA ACT/365/
91527PCP0
250,000
and
-
and
-
-
and
-
and
FDIC
4.300%
and
Fixed
02/28/29 M
and
-
and
-
100.93
and
100.00
and
100.00
252,335
and
2,335
and
4.30%
100.98
and
3.94% M
and
3.94%
2.7 and
0.1 and
0.0 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
-
102.12
and
100.00
and
100.00
255,313
and
5,313
and
4.70%
102.21
and
3.95% M
and
3.95%
2.9 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
-
102.12
and
100.00
and
100.00
255,313
and
5,313
and
4.70%
102.21
and
3.95% M
and
3.95%
2.9 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
-
101.97
and
100.00
and
100.00
254,930
and
4,930
and
4.65%
102.05
and
3.95% M
and
3.95%
2.9 and
0.1 and
0.0 and
0.4%
and
0.4%
CITY OF MALIBU | May 01, 2026 Page 9 of 21
Description
Qty/Face
and
Rem Prin
and
Factor
Moody's
and
S&P
and
Enhance
Coupon
and
Cpn Type
Redemption
and
Next Call
and
Call Price
Mkt Price
and
Adj Price
and
Orig Price
Mkt Value($)
and Gain Loss ($)
and
Purch Yld
Yld Price
and
YTWand
YTM
Duration
and
Convexity
Dur Cont
and
% Fxd Inc
and
% Port
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
-
101.54
and
100.00
and
100.00
253,855
and
3,855
and
4.50%
101.62
and
3.96% M
and
3.96%
3.0 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
-
100.74
and
100.00
and
100.00
251,863
and
1,863
and
4.25%
100.93
and
3.99% M
and
3.99%
3.6 and
0.2 and
0.0 and
0.4%
and
0.4%
GOLDMAN SACHS BK
USA CD/ NEW YORK
NY ACT/365/
38151PMN8
250,000
and
-
and
-
-
and
-
and
FDIC
4.000%
and
Fixed
04/21/31 M
and
-
and
-
99.74 and
100.00
and
100.00
249,355
and
-645
and
-
-
and
-
and
-
-
and
-
and
-
and
0.4%
and
0.4%
STATE BANK OF INDIA
CD/ NEW YORK NY
ACT/365/ 856288FQ3
250,000
and
-
and
-
-
and
-
and
FDIC
4.000%
and
Fixed
04/22/31 M
and
-
and
-
99.74 and
100.00
and
100.00
249,355
and
-645
and
-
-
and
-
and
-
-
and
-
and
-
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
2.780%
and
N/A
N/A
and
N/A
and
N/A
N/A
and
N/A
and
N/A
69,347,046
and
944,482
and
3.82%
N/A
and
3.86%
and
3.86%
2.7 and
0.1 2.7
and
100.0%
and
97.8%
Total portfolio value: $70,909,898
**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 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.
CITY OF MALIBU | May 01, 2026 Page 10 of 21
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 | May 01, 2026 Page 11 of 21
Redemption Distribution Rolling 12 Months
As of 04/30/2026 for XXXX7847 - CITY OF MALIBU
Redemption values are stated in thousands ($)
Description
May
2026
Jun
2026
Jul
2026
Aug
2026
Sep
2026
Oct
2026
Nov
2026
Dec
2026
Jan
2027
Feb
2027
Mar
2027
Apr
2027
Total
Principal
Government bond 4,255 - - 4,000 - - - - - - 4,000 - 12,255 Certificates of
deposit - - - 250 - 250 200 250 - 250 500 - 1,700
Redemption
distribution
rolling 12 months
total
4,255 - - 4,250 - 250 200 250 - 250 4,500 - 13,955
Current market value of securities with undefined redemption value: $0 CITY OF MALIBU | May 01, 2026 Page 12 of 21
Total portfolio value: $70,909,898
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 | May 01, 2026 Page 13 of 21
Fixed Income Redemption Distribution: w/Holding(s)
As of 04/30/2026 for XXXX7847 - CITY OF MALIBU
Coupon subtotals and totals are weighted averages based on redemption value Description
Redemption
date
Redemption
price ($) Redemption value ($) Coupon
Weighted average
coupon remaining
2026 yearly total (category applies to all holdings below)N/A N/A 9,205,000 0.603% 3.083% UST STRIP 0%5/15/26 INT (CUSIP: 912833LZ1) 05/15/26 M 100.00 4,255,000 0.000% 2.937% BARCLAYS BAN 4% 082826 (CUSIP: 06740KSW8) 08/28/26 M 100.00 250,000 4.000% 2.756% UST NTS .75% 083126 (CUSIP: 91282CCW9) 08/31/26 M 100.00 4,000,000 0.750% 2.880% TEXAS EXC 1.10% 102926 (CUSIP: 88241TMC1) 10/29/26 M 100.00 250,000 1.100% 2.766% DISCOVER 4.95% 111626 (CUSIP: 254673Z66) 11/16/26 M 100.00 200,000 4.950% 2.754% UBS BANK 1.15% 120826 (CUSIP: 90348JX96) 12/08/26 M 100.00 250,000 1.150% 2.766% 2027 yearly total (category applies to all holdings below)N/A N/A 9,639,000 2.897% 2.738% CALPRIVAT 4.05% 021627 (CUSIP: 13135NCY4) 02/16/27 M 100.00 250,000 4.050% 2.755% VALLEY NAT 4.6% 031127 (CUSIP: 919853KW0) 03/11/27 M 100.00 250,000 4.600% 2.753% BRADESCO B 4.5% 032227 (CUSIP: 10421AAT4) 03/22/27 M 100.00 250,000 4.500% 2.754% CITY OF MALIBU | May 01, 2026 Page 14 of 21
Description
Redemption
date
Redemption
price ($) Redemption value ($) Coupon
Weighted average
coupon remaining
UST NTS 2.5% 033127 (CUSIP: 91282CEF4) 03/31/27 M 100.00 4,000,000 2.500% 2.776% UST NTS 2.625% 053127 (CUSIP: 91282CET4) 05/31/27 M 100.00 2,245,000 2.625% 2.764% BNY MELLON 4.6% 060127 (CUSIP: 05584CP59) 06/01/27 M 100.00 250,000 4.600% 2.753% EAGLEMARK 4.7% 070227 (CUSIP: 27004PFE8) 07/02/27 M 100.00 250,000 4.700% 2.753% UST NTS 3.125% 083127 (CUSIP: 91282CFH9) 08/31/27 M 100.00 1,894,000 3.125% 2.750% CELTIC BANK 2% 122727 (CUSIP: 15118RTH0) 12/27/27 M 100.00 250,000 2.000% 2.763% 2028 yearly total (category applies to all holdings below)N/A N/A 10,660,000 2.054% 2.885% AMERANT B 4.05% 032828 (CUSIP: 02357QCL9) 03/28/28 M 100.00 250,000 4.050% 2.755% BANK OF A 3.95% 042428 (CUSIP: 06051X6T4) 04/24/28 M 100.00 250,000 3.950% 2.756% UST NTS 1.25% 043028 (CUSIP: 91282CBZ3) 04/30/28 M 100.00 2,985,000 1.250% 2.826% UST NTS 4.375% 083128 (CUSIP: 91282CHX2) 08/31/28 M 100.00 2,100,000 4.375% 2.711% UST NTS 1.375% 123128 (CUSIP: 91282CDP3) 12/31/28 M 100.00 5,075,000 1.375% 2.867% 2029 yearly total (category applies to all holdings below)N/A N/A 15,750,000 3.339% 2.594% UNIVEST BA 4.3% 022829 (CUSIP: 91527PCP0) 02/28/29 M 100.00 250,000 4.300% 2.754% UST NTS 2.875% 043029 (CUSIP: 91282CEM9) 04/30/29 M 100.00 1,565,000 2.875% 2.757% BEAL BANK 4.7% 053029 (CUSIP: 07371DR66) 05/30/29 M 100.00 500,000 4.700% 2.746% MORGAN ST 4.65% 053029 (CUSIP: 61768E4J9) 05/30/29 M 100.00 250,000 4.650% 2.753% TOYOTA FIN 4.5% 062829 (CUSIP: 89235MPR6) 06/28/29 M 100.00 250,000 4.500% 2.754% UST NTS 2.625% 073129 (CUSIP: 91282CFC0) 07/31/29 M 100.00 5,025,000 2.625% 2.770% UST NTS 3.5% 093029 (CUSIP: 91282CLN9) 09/30/29 M 100.00 4,910,000 3.500% 2.705% UST NTS 4% 103129 (CUSIP: 91282CFT3) 10/31/29 M 100.00 3,000,000 4.000% 2.705% 2030 yearly total (category applies to all holdings below)N/A N/A 15,429,000 3.016% 2.689% UST NTS 3.5% 013130 (CUSIP: 91282CGJ4) 01/31/30 M 100.00 4,965,000 3.500% 2.704% UST NTS 1.5% 021530 (CUSIP: 912828Z94) 02/15/30 M 100.00 5,350,000 1.500% 2.863% MORGAN ST 4.25% 022630 (CUSIP: 61690DS33) 02/26/30 M 100.00 250,000 4.250% 2.755% UST NTS 4.125% 083130 (CUSIP: 91282CHW4) 08/31/30 M 100.00 4,864,000 4.125% 2.659% 2031 yearly total (category applies to all holdings below)N/A N/A 10,050,000 4.052% 2.546% UST NTS 4% 013131 (CUSIP: 91282CJX0) 01/31/31 M 100.00 5,350,000 4.000% 2.658% UST NTS 4.125% 033131 (CUSIP: 91282CKF7) 03/31/31 M 100.00 4,200,000 4.125% 2.674% GOLDMAN SACH 4% 042131 (CUSIP: 38151PMN8) 04/21/31 M 100.00 250,000 4.000% 2.756% STATE BANK O 4% 042231 (CUSIP: 856288FQ3) 04/22/31 M 100.00 250,000 4.000% 2.756% Fixed income redemption distribution total N/A N/A 70,733,000 2.760% 0.000% Redemption value (remaining principal) of mortgage backed securities: $0 CITY OF MALIBU | May 01, 2026 Page 15 of 21
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 | May 01, 2026 Page 16 of 21
Estimated Income Summary
As of 04/30/2026 for XXXX7847 - CITY OF MALIBU
Description
May
2026
Jun
2026
Jul
2026
Aug
2026
Sep
2026
Oct
2026
Nov
2026
Dec
2026
Jan
2027
Feb
2027
Mar
2027
Apr
2027
Annualized
Estimated
income ($)
Tax exempt accounts total(category applies
to security types below)
52,359 58,761 272,152 247,809 245,666 122,616 52,392 58,572 271,829 232,414 244,788 122,115 1,981,474 Money market fund 4,728 4,728 4,728 4,728 4,728 4,728 4,728 4,728 4,728 4,728 4,728 4,728 56,731 Certificates of deposit 18,166 19,143 7,584 12,105 18,388 16,735 18,199 18,954 7,261 11,710 17,511 16,234 181,990 Government bond 29,466 34,891 259,841 230,976 222,550 101,153 29,466 34,891 259,841 215,976 222,550 101,153 1,742,753 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 52,359 58,761 272,152 247,809 245,666 122,616 52,392 58,572 271,829 232,414 244,788 122,115 1,981,474 Total Portfolio Value: $70,909,898
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 CITY OF MALIBU | May 01, 2026 Page 17 of 21
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 | May 01, 2026 Page 18 of 21
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. ©2026 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 | May 01, 2026 Page 19 of 21
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 | May 01, 2026 Page 20 of 21
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 | May 01, 2026 Page 21 of 21