internal grant application forms to manage the types of grants being applied for and to ensure local match requirements will be managed within our current budget.
City departments continue to actively pursue new grant applications as part of notifications received from federal, state, and local agencies they have subscribed to, such as Department of Housing, Department of Transportation, State Water Resources Control Board, Department of Justice and professional government associations. City departments have staff assigned to monitor these grant application notices to determine if the City meets the required qualifications to apply for the grant.
DISCUSSION:
During the months of July and August 2022, City Council approved the below grant application and award acceptance Agreements recommended by City staff based on opportunities to receive federal, state and/or local grant funds for the City with required local match or which exceeded $1,000,000 with no local match.
Modesto Police Department:
(Grant Award $2,215,217– In-Kind Local Match $2,215,217)– California Violence Intervention and Prevention (CalVIP) Grant. The Modesto Police Department partnered with Parks, Recreation and Neighborhoods Department as well as Modesto City Schools, the Boys and Girls Club of Stanislaus County, Legacy Alliance Outreach and El Concilio California for the grant application. The purpose of the CalVIP Grant Program is to provide violence intervention services to a small segment of the population that has been identified as having the highest risk of perpetrating or being victimized by violence in the near future.
In conjunction with the above identified partner agencies, the Modesto Police Department will work to support, expand and replicate evidence-based violence reduction initiatives.
The partner agencies have dubbed this grant Project SUCCESS (Serving and Understanding our Community with Compassion and Education for Safer Streets).
Public Works Department:
(Grant Application $To Be Determined – Local Match $0) Household Hazardous Waste Grant from State of California CalRecycle. Funds from this grant will be used to implement many of the waste reduction and recycling programs offered to City residents and businesses. The City will use these grant funds to offer Citizens of Modesto promotional collection events of Household Hazardous Waste and provide education on the way to properly recycle, reduce, reuse, and dispose of household hazardous waste materials.
This grant application authorization is effective for five years from the date of Council adoption.
Utilities Department:
(Grant Application up to $23,000,000 – Local Match up to $2,530,000 from Water Funds) Proposition 1 Groundwater Grant Program, Round 3 from State Water Resources Control Board (SWRCB). Funds from this grant will be used to fund the implementation of measures to address non-point source Arsenic, Nitrate, and Uranium impacting the City’s groundwater supply well field. The implementation measures include 1) wellfield operation changes and modifications using a network of supply wells to protect uncontaminated portions of the aquifer from contaminant migration while improving access to drinking water that meets state and federal standards, and 2) managing aquifer recharge to improve groundwater quality over time while enhancing the resilience of groundwater #8..
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City Council, December 6, 2022
July and August 2022 Grant Application and Awards
supplies by modifying two existing basins and constructing two new basins. Additionally, associated conveyance infrastructure will be included with new basins that twill convey water from nearby Modesto Irrigation District canals to the basins.
FISCAL IMPACT:
No fiscal impact will result from the acceptance of this informational report on July and August 2022 grant application and awards. A monthly summary by grant application and awards is below:
Grant Applications: $23,000,000
Grant Applications Local Match from Department budget: $2,530,000 Grant Awards: $2,215,217
Grant Awards Local Match, In-Kind Contributions $2,215,217 COMMITTEE RECOMMENDATION:
This item was accepted by the Finance Committee on September 26, 2022 and approved to forward to Council.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Motion accepting an informational report for the July and August 2022 Grant Applications and Awards.
Approved by:
DeAnna Christensen, Director of Finance
Joseph P. Lopez, City Manager
Attachments:
1. July and August 2022 Grant Applications and Award
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July and August 2022 Grant Applications
Grant Application
Grant Title Month Grant Awarding Agency City Department Name/Division Grant
Application
Amount
Grant
Application
Local Match
Amount Local Match Source
Proposition 1 Groundwater Grant Program, Round 3 JUL-22 State Water Resources Control Board (SWRCB) Utilities Department 23,000,000 2,530,000 Water Fund Household Hazardous Waste Grants JUL-22 State of California CalRecycle Public Works Department TBD - N/A Total $ 23,000,000 $ 2,530,000
July and August 2022 Grant Awards
Grant Awards
Grant Title Month Grant Awarding Agency City Department Name/Division Grant Award
Amount
Grant Award
Local Match
Amount Local Match Source
California Violence Intervention and Prevention (CalVIP) Grant JUL-22 Board of State and Community Corrections Modesto Police Department 2,215,217 2,215,217 In-Kind contributions from City and
External subcontractors
Total $ 2,215,217 $ 2,215,217
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
December 6, 2022
Date: November 9, 2022
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: DeAnna Christensen, Director of Finance
SUBJECT: Monthly Investment Report – July 2022
CONTACT: Calogero Maniscalco, Senior Financial Analyst
[email protected], 209-577-5219
DESCRIPTION:
Consider accepting the Monthly Investment Report for July 2022. (Funding Source: Various Funds)
STRATEGIC PLAN ELEMENT:
This item supports the City of Modesto 2020-2025 Strategic Plan focus of Governance and Service Delivery under Goal H: Achieve Financial Sustainability.
BACKGROUND:
The City’s Finance Department submits a monthly investment report to Council and the City Manager. Attached are the July investment reports (see attachment list below) generated by Public Financial Management, the City’s investment advisor. Investments in the portfolio (attachment 4) are for the City of Modesto, Modesto Public Financing Authority, Community Facilities Districts, Tuolumne River Regional Park, Successor Agency to the Redevelopment Agency, and the Modesto-Ceres Fire Protection Agency Joint Powers Authority.
DISCUSSION:
It is the function of the Finance Department to deposit and invest funds in accordance with sound treasury management and to safeguard the principal and maintain the liquidity needs of the City. The purpose of the Monthly Investment Report is to keep the City Council and City Manager informed of the City’s investment portfolio. As shown in Attachment 2, on July 31, 2022 the City had a closing market value of $430,141,131 in its investment portfolio. #9..
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City Council, December 6, 2022
Monthly Investment Report – July 2022
FISCAL IMPACT:
In July, the approximate yield of the City’s combined investments was 1.66% (see attachment 3) on a weighted average. For the portfolio of securities alone, the yield to maturity on cost was
1.66%. For comparative purposes, the yields (as of July 31, 2022) of other investments commonly used by public agencies are listed below:
Local Agency Investment Fund: 1.09%
1-Year U.S. Treasury Note: 2.99%
2-Year U.S. Treasury Note: 2.92%
The Portfolio maintains sufficient liquidity to meet the City's projected expenditure requirements for at least the next six months.
COMMITTEE RECOMMENDATION:
This item has not gone before a committee.
CEQA/NEPA REQUIREMENTS:
N/A
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Motion accepting the Monthly Investment Report for July 2022.
Approved by:
DeAnna Christensen, Director of Finance
Joseph P. Lopez, City Manager
Attachments:
1. Monthly Investment Report
2. Account Statement
3. Combined Yields
4. Portfolio Holdings and Earnings Projections
5. Cash with Fiscal Agent
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PORTFOLIO HOLDINGS
Attachment 1
Percentages may not total to 100% due to rounding.
Investment Type No. of Investments Amount Invested
CAMP 1 46,186,072
Federal Agency 32 72,157,622
Federal Home Loan Bank 2 4,257,957
Federal Home Loan Mortgage Co. 9 21,039,796
Federal Nat’l Mortgage Assc. 20 44,586,321
Federal Farm Credit Bank 1 2,273,548
Federal Agency CMO 3 1,091,291
U.S. Treasury 56 207,693,258
Commercial Paper 4 39,891,150
Negotiable CD 2 4,529,312
Corporate Note 18 39,173,929
Asset-Backed 16 6,587,920
Municipal 10 7,221,281
Supranational 2 5,609,296
Total Invested 144 430,141,131
Sector Allocation
July 31, 2022 versus June 30, 2022
Sector July 31, 2022 June 30, 2022 Change in Allocation Permitted by Policy
U.S. Treasury 48.3% 44.1% 4.18% 100%
Federal Agency 16.8% 15.7% 1.05% 100%
Federal Agency CMO 0.3% 0.4% -0.14% 100%
Commercial Paper 9.3% 8.7% 0.56% 25%
Negotiable CD 1.1% 1.8% -0.72% 30%
Corporate Note 9.1% 8.5% 0.60% 30%
Asset-Backed 1.5% 1.5% -0.01% 20%
Municipal 1.7% 1.6% 0.10% 100%
Supranational 1.3% 1.2% 0.08% 30%
CAMP 10.7% 16.4% -5.70% 100%
* Total invested includes only the bolded numbers
* * Amount invested are market values excluding accrued interest Additional, detailed information regarding security types and investment activity may be found in Attachment 2 accompanying this memo. Moreover, the addendum data will confirm continued compliance with the investment policy as well as with California Government Code.
RECENT ACTIVITY & CORPORATE EXPOSURE
The month of July was filled with talk regarding the dramatic 2s10s yield curve inversion. As markets continue to digest incoming economic data, the expectation is for a rate reversal in mid 2023. The most recent jobs report has also pushed markets to increase expectations for a 75 basis point hike at the September meeting. These conflicting expectations of rate hikes and cuts force the inversion we are seeing today. Credit sector spreads see a slight pull back but remain elevated overall, led by uncertainty in the future economic outlook. In the Long-Term Portfolio, we purchased one longer duration Treasury security with the proceeds from the sale of a short duration Treasury and CD. #9..
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PERFORMANCE
The City’s Long-Term Portfolio has consistently outperformed its benchmark since the inception of performance reporting. Interest rates fell in the 2–5-year space during the month, resulting in positive total return performance for the portfolio and the benchmark. The City’s Portfolio outperformed the benchmark over the past month as credit spreads tighten and corporates outperformed treasuries. The higher interest rate environment we are now in has resulted in the continuation of a higher portfolio yield at cost over last month. This reflects the potential for higher realized earnings going forward.
1. Performance is calculated on trade-date basis, gross (i.e., before fees) in accordance the CFA Institute's Global Investment Performance Standards (GIPS).
2. Performance numbers for periods greater than 1 year are presented on an annualized basis unless otherwise noted.
3. The performance calculation excludes any funds not invested in the 1-5 year strategy.
4. Performance benchmark through December 31, 2018 was the ICE BofAML 1-3 Year U.S. Treasury Index, and is now the ICE BofAML 1-5 Year U.S. Treasury Index, sourced from Bloomberg.
5. Inception date is 3/31/04.
Percentages may not add due to rounding.
Long-Term Portfolio Total Return
July 31, 2022
1 Month Trailing
12 Months
Trailing 36
Months
Trailing 60
Months
Since
Inception5
City of Modesto Investment Portfolio1,2,3 0.71% -3.98% 0.63% 1.43% 1.99% Modesto Performance Benchmark4 0.67% -4.30% 0.33% 1.08% 1.73% Average Long-Term Portfolio Yields
July 31, 2022
Past
Month
Past 3
Months
Past
Year
Past 3
Years
Past 5
Years
City of Modesto Investment Portfolio 1.66% 1.63% 1.42% 1.57% 1.95% $86.2
$31.1
$95.5
$82.9
$108.7
$25.7
$-
$30.0
$60.0
$90.0
$120.0
$150.0
$180.0
Under 6
Months
6-12
Months
1-2 Years 2-3 Years 3-4 Years 4-5 Years
millions
Maturity Distribution
July 31, 2022
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INVESTMENT POLICY
The City’s investment policy embraces the following standards: the prudent investor rule, requiring the safety of principal, through prudent and safe investments; sufficient liquidity to meet expected and unforeseen cash flows; generation of an above-market, risk-adjusted rate of return (meaning, returnsexpectations taking safety and liquidity into account). No investments longer than five years are permitted.
Some investments have maturity limits of 270 days or less. The table below details the City’s permitted investments.
Investment Type
Maximum
Maturity
Maximum Specified
% of Portfolio
Maximum
% per
Issuer
Minimum Quality
Requirements
Local Agency Bonds 5 Years None None None
Treasury Obligations 5 Years None None None
State Obligations 5 Years None None A rating
CA Local Agency Obligations 5 Years None None A rating
Federal Agencies 5 Years None None None
Supranationals 5 Years 30 percent 5 percent AA
Banker’s Acceptances 180 days 40 percent 5 percent Federal Reserve eligible Commercial Paper 270 days 25 percent 5 percent A1/P1 rating Negotiable Certificates of Deposit 5 Years 30 percent 5 percent A rating Certificates of Deposit 1 Year 20 percent 5 percent FDIC insured or collateralized Repurchase Agreements 90 days None 5 percent None
Reverse Repurchase Agreements 92 days 20 percent of
combined base value 5 percent None
Medium Term Notes 5 Years 30 percent 5 percent A rating Money Market Mutual Funds N/A 20 percent 10 percent Multiple Mortgage and Asset-backed Securities 5 Years 20 percent 5 percent AA Rating CAMP N/A None None N/A
LAIF N/A N/A None N/A
The City is not required to include a list of investments held by our bond trustees; however, staff believes the City Council should be kept informed of these investments. These investments are identified on Attachment A.
LONG TERM PORTFLIO INCOME RETURN
Monthly Income Return
0.10%
Fiscal Year-to-Date Income Return
0.10%
Prior 12 Months Income Return
1.29%
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Source: Bloomberg, as of July 2022. Data is seasonally adjusted.
Economic Summary
U.S. Economy Added 525,000 Jobs in July, Over Double
Expectation; Unemployment Rate 3.5%
2,642
4,505
1,388
1,665
919
647
333
-115
520
710
704
263
447
557
689
517
424
677
647
588
504
714
398
368
384
372
525
-1,000
0 1,000
2,000
3,000
4,000
5,000
May-20
Jun-20
Jul-20
Aug-20Sep-20
Oct-20
Nov-20Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21Sep-21
Oct-21
Nov-21Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Thousands
Monthly Change In
Nonfarm Payrolls
0%
2%
4%
6%
8%
10%
12%
14%
16%
2018 2019 2020 2021 2022
Unemployment Rate
April 20
14.7%
July 22
3.5%
#9..
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Source: Bloomberg, as of June 2022.
Economic Summary
Consumer Inflation Continues to Creep Higher
9.1%
-2%
0%
2%
4%
6%
8%
10%
Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Factors Contributing to the Consumer Price Index (CPI YoY) Services (Ex Food & Energy) Goods (Ex Food & Energy) Food Energy Headline YoY% #9..
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Source: ICE BofAML 1-5 year Indices via Bloomberg, MarketAxess and PFM as of 7/31/2022. Spreads on ABS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.
Economic Summary
Corporate and ABS Sector Spreads Narrow, but Remain
Elevated Overall
-0.10%
-0.05%
0.00%
0.05%
0.10%
0.15%
Jul-21 Oct-21 Jan-22 Apr-22 Jul-22
Federal Agency Yield Spreads
0.30%
0.40%
0.50%
0.60%
0.70%
0.80%
0.90%
1.00%
Jul-21 Oct-21 Jan-22 Apr-22 Jul-22
Corporate Notes A-AAA Yield Spreads
0.20%
0.30%
0.40%
0.50%
0.60%
0.70%
0.80%
0.90%
1.00%
1.10%
Jul-21 Oct-21 Jan-22 Apr-22 Jul-22
Asset-Backed Securities AAA Yield Spreads
Agency yield spreads
remained near-zero
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Treasury Yields Inversion Continues
Source: Bloomberg as of 07/31/2022.
Economic Summary
2.84%
2.89%
2.81%
2.65%
3.01%
0.00%
0.25%
0.50%
0.75%
1.00%
1.25%
1.50%
1.75%
2.00%
2.25%
2.50%
2.75%
3.00%
3.25%
3.50%
3M1Y 2Y 3Y 4Y 5Y 10Y 30Y
U.S. Treasury Yield Curve
July 31, 2022
June 30, 2022
March 31, 2022
#9..
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This material is based on information obtained from sources generally believed to be reliable and available to the public, however, PFM Asset Management LLC cannot guarantee its accuracy, completeness or suitability. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation. All statements as to what will or may happen under certain circumstances are based on assumptions, some but not all of which are noted in the presentation. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Past performance does not necessarily reflect and is not a guaranty of future results. The information contained in this presentation is not an offer to purchase or sell any securities.
Investment advisory services are provided by PFM Asset Management LLC (“PFMAM”), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. (“USBAM”). USBAM is a subsidiary of U.S. Bank National Association (“U.S. Bank”). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.
For more information regarding PFMAM’s services or entities, please visit www.pfmam.com.
Disclosures
#9..
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For the Month Ending July 31, 2022
Account Statement
Consolidated Summary Statement
CITY OF MODESTO - Combined Portfolio
Investment Allocation
Investment Type Closing Market Value Percent
Asset-Backed Security 6,587,919.96 1.53
Federal Agency Bond / Note 72,157,622.48 16.78
Corporate Note 39,173,929.40 9.11
Certificate of Deposit 4,529,311.53 1.05
Federal Agency Commercial Mortgage-Backed Security 1,091,290.59 0.25 Commercial Paper 39,891,150.00 9.27
Municipal Bond / Note 7,221,281.00 1.68
Supra-National Agency Bond / Note 5,609,295.58 1.30
U.S. Treasury Bond / Note 207,693,258.40 48.29
CAMP Pool 46,186,072.35 10.74
Total $430,141,131.29 100.00%
Portfolio Summary
and Income
Closing
Portfolio Holdings Market Value
Cash Dividends
PFMAM Managed Account 179,577.52 383,955,058.94
CAMP Pool 0.00 46,186,072.35
Total $179,577.52 $430,141,131.29
Maturity Distribution (Fixed Income Holdings)
Portfolio Holdings Closing Market Value Percent
56,338,024.37
29,893,310.00
0.00 0.00
39,768,316.52
86,846,792.03
82,853,912.94
108,729,835.61
25,710,939.82
0.00 13.09
6.95 0.00
0.00 9.25
20.19 19.26
25.28 5.98
0.00 Under 30 days
31 to 60 days
61 to 90 days
91 to 180 days
181 days to 1 year
1 to 2 years
2 to 3 years
3 to 4 years
4 to 5 years
Over 5 years
Total $430,141,131.29
726
100.00%
Weighted Average Days to Maturity
Sector Allocation
1.53% ABS
16.78%
Fed Agy Bond /
Note
9.11%
Corporate Note
1.05%
Cert of Deposit
0.25%
Federal Agency
Commercial
Mortgage-Backed
Security
9.27%
Commercial Paper
1.68%
Muni Bond / Note
1.30%
Supra-National
Agency Bond / Note 48.29%
US TSY Bond / Note
10.74%
CAMP Pool
Summary Page 1
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Managed Account Summary Statement For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
$381,802,630.60
(1,155,515.82)
(7,809,239.88)
8,981,576.56
0.00 2,135,607.48
$383,955,058.94
286,649.12
(81,375.41)
(25,696.19)
$179,577.52
Total
394,481,289.86
1,088,799.05
7,840,018.71
1,155,515.82
255,870.29
(9,062,951.97)
(394,295,279.19)
(943,368.42)
Total Accrual Basis Earnings $519,894.15
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Transaction Summary - Managed Account
_________________
_________________
_______________________________________________ _______________________________________________ Reconciling Transactions Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary - Managed Account
0.00 7,840,018.71
255,870.29
1,155,515.82
(9,062,951.97)
0.00 0.00
Cash Balance
Closing Cash Balance $1,433,025.82
CITY OF MODESTO - COMBINED PORTFOLIO Page 1
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Portfolio Summary and Statistics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 218,441,000.00 207,693,258.40 54.10 Supra-National Agency Bond / Note 5,885,000.00 5,609,295.58 1.46 Municipal Bond / Note 7,590,000.00 7,221,281.00 1.88
Federal Agency Commercial
Mortgage-Backed Security
1,097,455.63 1,091,290.59 0.28
Federal Agency Bond / Note 75,065,000.00 72,157,622.48 18.79 Corporate Note 40,100,000.00 39,173,929.40 10.20
Commercial Paper 40,000,000.00 39,891,150.00 10.39
Certificate of Deposit 4,600,000.00 4,529,311.53 1.18
Asset-Backed Security 6,774,989.83 6,587,919.96 1.72
Managed Account Sub-Total 399,553,445.46 383,955,058.94 100.00% Accrued Interest 1,088,799.05
Total Portfolio 399,553,445.46 385,043,857.99
Unsettled Trades 0.00 0.00
Sector Allocation
1.72% ABS
1.18%
Cert of Deposit
10.39%
Commercial Paper
10.20%
Corporate Note
18.79%
Fed Agy Bond /
Note
0.28%
Federal Agency
Commercial
Mortgage-Backed
Security
1.88%
Muni Bond / Note
1.46%
Supra-National
Agency Bond / Note 54.10%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years
10.42% 10.36%
22.62% 21.58%
28.32%
6.70%
0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 813
1.66%
3.02%
CITY OF MODESTO - COMBINED PORTFOLIO Page 2
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Managed Account Issuer Summary For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Credit Quality (S&P Ratings)
0.91%
A
3.66%
A+
1.95%
A11.57%
A-1
2.95%
AA
73.40%
AA+
1.44%
AA3.74%
AAA
0.38%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
AMAZON.COM INC 4,957,225.63 1.29
BANK OF AMERICA CO 3,985,823.93 1.04
BARCLAYS PLC 2,714,261.73 0.71
BRISTOL-MYERS SQUIBB CO 2,069,174.63 0.54
CALIFORNIA DEPARTMENT OF WATER RESOURCES 93,562.00 0.02 CALIFORNIA STATE UNIVERSITY 564,936.00 0.15
CAPITAL ONE FINANCIAL CORP 28,979.03 0.01
CARMAX AUTO OWNER TRUST 1,673,063.72 0.44
COLLAT COMM PAPER FLEX CO 9,967,160.00 2.60
CREDIT SUISSE GROUP RK 1,815,049.80 0.47
DISCOVER FINANCIAL SERVICES 729,289.11 0.19
FANNIE MAE 45,492,140.93 11.85
FEDERAL FARM CREDIT BANKS 2,273,547.85 0.59
FEDERAL HOME LOAN BANKS 4,257,957.41 1.11
FLORIDA STATE BOARD OF ADMIN FIN CORP 1,696,518.00 0.44 FREDDIE MAC 21,225,266.88 5.53
HONDA AUTO RECEIVABLES 1,274,891.85 0.33
HYUNDAI AUTO RECEIVABLES 939,958.70 0.24
INTER-AMERICAN DEVELOPMENT BANK 3,881,335.19 1.01
INTL BANK OF RECONSTRUCTION AND DEV 1,727,960.39 0.45
JP MORGAN CHASE & CO 3,497,489.12 0.91
LMA AMERICAS LLC 9,997,840.00 2.60
LOS ANGELES COMMUNITY COLLEGE DISTRICT 850,805.75 0.22
MASTERCARD INC 1,712,541.60 0.45
MICROSOFT CORP 2,935,272.00 0.76
MITSUBISHI UFJ FINANCIAL GROUP INC 9,962,140.00 2.59
NEW JERSEY TURNPIKE AUTHORITY 463,393.05 0.12
NISSAN AUTO RECEIVABLES 197,908.89 0.05
NOVARTIS AG 2,232,630.92 0.58
PACCAR FINANCIAL CORP 1,740,152.10 0.45
PFIZER INC 3,444,851.87 0.90
STARBIRD FUNDING CORP 9,964,010.00 2.60
CITY OF MODESTO - COMBINED PORTFOLIO Page 3
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Managed Account Issuer Summary For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Issuer of Holdings Percent
Market Value
STATE OF CALIFORNIA 2,283,458.10 0.59
STATE OF MARYLAND 589,905.20 0.15
TARGET CORP 346,808.40 0.09
THE BANK OF NEW YORK MELLON CORPORATION 3,165,291.36 0.82 TOYOTA MOTOR CORP 3,981,205.50 1.04
UNITED STATES TREASURY 207,693,258.40 54.10
UNIVERSITY OF CALIFORNIA 678,702.90 0.18
US BANCORP 2,864,147.00 0.75
WAL-MART STORES INC 3,985,144.00 1.04
Total $383,955,058.94 100.00%
CITY OF MODESTO - COMBINED PORTFOLIO Page 4
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY N/B NOTES
DTD 05/31/2021 0.125% 05/31/2023
91282CCD1 4,355,000.00 AA+ Aaa 04/06/22 04/07/22 4,261,945.90 2.02 922.17 4,287,707.89 4,252,929.69
US TREASURY NOTES
DTD 06/30/2016 1.375% 06/30/2023
912828S35 5,100,000.00 AA+ Aaa 01/30/19 01/31/19 4,848,386.72 2.56 6,097.83 5,047,990.55 5,025,093.75
US TREASURY NOTES
DTD 08/01/2016 1.250% 07/31/2023
912828S92 3,155,000.00 AA+ Aaa 02/08/19 02/12/19 2,997,126.76 2.44 107.17 3,119,744.87 3,101,266.56
US TREASURY NOTES
DTD 08/01/2016 1.250% 07/31/2023
912828S92 5,625,000.00 AA+ Aaa 04/02/19 04/04/19 5,386,816.41 2.28 191.06 5,570,092.57 5,529,199.50
US TREASURY NOTES
DTD 08/31/2016 1.375% 08/31/2023
9128282D1 1,750,000.00 AA+ Aaa 07/01/19 07/03/19 1,723,886.72 1.75 10,069.63 1,743,213.98 1,720,195.40
US TREASURY NOTES
DTD 09/15/2020 0.125% 09/15/2023
91282CAK7 4,395,000.00 AA+ Aaa 04/06/22 04/07/22 4,264,523.44 2.24 2,075.08 4,293,297.74 4,256,969.75
US TREASURY NOTES
DTD 10/01/2018 2.875% 09/30/2023
9128285D8 2,700,000.00 AA+ Aaa 05/01/19 05/02/19 2,769,820.31 2.26 26,087.09 2,718,407.96 2,695,781.25
US TREASURY NOTES
DTD 11/15/2020 0.250% 11/15/2023
91282CAW1 3,910,000.00 AA+ Aaa 04/29/21 04/30/21 3,909,389.06 0.26 2,071.88 3,909,690.26 3,777,426.76
US TREASURY NOTES
DTD 11/15/2013 2.750% 11/15/2023
912828WE6 8,790,000.00 AA+ Aaa 03/06/19 03/08/19 8,878,930.08 2.52 51,235.19 8,814,451.88 8,768,025.00
US TREASURY NOTES
DTD 11/30/2016 2.125% 11/30/2023
912828U57 3,275,000.00 AA+ Aaa 01/07/19 01/09/19 3,216,408.21 2.52 11,789.11 3,259,056.21 3,239,691.57
US TREASURY NOTES
DTD 12/15/2020 0.125% 12/15/2023
91282CBA8 4,430,000.00 AA+ Aaa 04/06/22 04/07/22 4,263,528.91 2.41 711.10 4,294,826.55 4,261,106.25
US TREASURY NOTES
DTD 12/31/2018 2.625% 12/31/2023
9128285U0 270,000.00 AA+ Aaa 01/30/19 01/31/19 270,801.56 2.56 616.30 270,230.87 268,776.58
US TREASURY NOTES
DTD 02/28/2019 2.375% 02/29/2024
9128286G0 457,000.00 AA+ Aaa 08/11/21 08/12/21 480,671.17 0.33 4,542.06 471,670.53 452,929.87
US TREASURY NOTES
DTD 02/28/2019 2.375% 02/29/2024
9128286G0 1,564,000.00 AA+ Aaa 08/11/21 08/12/21 1,644,582.66 0.35 15,544.37 1,613,942.21 1,550,070.70 CITY OF MODESTO - COMBINED PORTFOLIO Page 5
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY NOTES
DTD 03/15/2021 0.250% 03/15/2024
91282CBR1 4,450,000.00 AA+ Aaa 04/06/22 04/07/22 4,262,960.94 2.49 4,202.11 4,293,605.76 4,260,179.91
US TREASURY N/B NOTES
DTD 04/15/2021 0.375% 04/15/2024
91282CBV2 4,890,000.00 AA+ Aaa 04/29/21 04/30/21 4,893,629.30 0.35 5,411.07 4,892,091.63 4,681,411.18
US TREASURY N/B NOTES
DTD 06/15/2021 0.250% 06/15/2024
91282CCG4 4,485,000.00 AA+ Aaa 04/06/22 04/07/22 4,262,852.34 2.59 1,439.86 4,295,063.75 4,267,757.81
US TREASURY NOTES
DTD 07/31/2017 2.125% 07/31/2024
9128282N9 2,450,000.00 AA+ Aaa 08/01/19 08/06/19 2,489,142.58 1.79 141.47 2,465,691.42 2,412,101.44
US TREASURY NOTES
DTD 08/31/2017 1.875% 08/31/2024
9128282U3 1,630,000.00 AA+ Aaa 09/04/19 09/05/19 1,672,214.45 1.34 12,789.74 1,647,631.83 1,595,871.88
US TREASURY N/B NOTES
DTD 09/15/2021 0.375% 09/15/2024
91282CCX7 4,505,000.00 AA+ Aaa 04/06/22 04/07/22 4,264,440.04 2.65 6,381.06 4,295,723.62 4,271,303.13
US TREASURY NOTES
DTD 10/02/2017 2.125% 09/30/2024
9128282Y5 1,850,000.00 AA+ Aaa 10/01/19 10/03/19 1,905,283.20 1.50 13,211.58 1,873,974.24 1,820,515.63
US TREASURY NOTES
DTD 10/31/2017 2.250% 10/31/2024
9128283D0 460,000.00 AA+ Aaa 11/01/19 11/05/19 475,039.84 1.57 2,615.63 466,785.26 453,603.15
US TREASURY NOTES
DTD 11/30/2017 2.125% 11/30/2024
9128283J7 1,215,000.00 AA+ Aaa 12/02/19 12/04/19 1,239,964.45 1.69 4,373.67 1,226,667.42 1,193,737.50
US TREASURY NOTES
DTD 11/30/2017 2.125% 11/30/2024
9128283J7 3,450,000.00 AA+ Aaa 01/03/20 01/07/20 3,529,916.02 1.63 12,419.06 3,488,059.50 3,389,625.00
US TREASURY NOTES
DTD 11/30/2017 2.125% 11/30/2024
9128283J7 4,585,000.00 AA+ Aaa 04/29/21 04/30/21 4,848,816.60 0.50 16,504.75 4,756,581.48 4,504,762.50
US TREASURY N/B NOTES
DTD 12/15/2021 1.000% 12/15/2024
91282CDN8 4,445,000.00 AA+ Aaa 04/06/22 04/07/22 4,251,920.31 2.68 5,708.06 4,274,704.89 4,254,698.44
US TREASURY N/B NOTES
DTD 02/15/2022 1.500% 02/15/2025
91282CDZ1 4,400,000.00 AA+ Aaa 04/06/22 04/07/22 4,255,109.38 2.70 30,447.51 4,271,192.93 4,251,500.00
US TREASURY NOTES
DTD 04/30/2020 0.375% 04/30/2025
912828ZL7 4,945,000.00 AA+ Aaa 04/29/21 04/30/21 4,894,777.34 0.63 4,686.33 4,910,521.34 4,622,029.69 CITY OF MODESTO - COMBINED PORTFOLIO Page 6
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY NOTES
DTD 07/02/2018 2.750% 06/30/2025
912828XZ8 4,230,000.00 AA+ Aaa 04/06/22 04/07/22 4,232,148.05 2.73 10,115.22 4,231,936.89 4,220,746.88
US TREASURY NOTES
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 4,340,000.00 AA+ Aaa 08/02/21 08/06/21 4,291,514.06 0.53 4,540.49 4,303,260.32 4,009,075.00
US TREASURY NOTES
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 4,635,000.00 AA+ Aaa 04/06/22 04/07/22 4,262,932.62 2.74 4,849.12 4,297,682.87 4,281,581.25
US TREASURY NOTES
DTD 09/30/2020 0.250% 09/30/2025
91282CAM3 1,100,000.00 AA+ Aaa 09/27/21 09/28/21 1,076,023.44 0.80 924.18 1,081,054.75 1,014,406.25
US TREASURY NOTES
DTD 09/30/2020 0.250% 09/30/2025
91282CAM3 4,550,000.00 AA+ Aaa 09/07/21 09/09/21 4,473,574.22 0.67 3,822.75 4,490,385.83 4,195,953.13
US TREASURY NOTES
DTD 10/31/2020 0.250% 10/31/2025
91282CAT8 5,010,000.00 AA+ Aaa 04/29/21 04/30/21 4,894,339.45 0.77 3,165.28 4,926,541.60 4,611,548.69
US TREASURY NOTES
DTD 10/31/2020 0.250% 10/31/2025
91282CAT8 6,930,000.00 AA+ Aaa 10/04/21 10/06/21 6,783,278.91 0.78 4,378.33 6,812,800.85 6,378,848.78
US TREASURY NOTES
DTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 4,250,000.00 AA+ Aaa 11/01/21 11/02/21 4,133,291.02 1.07 2,699.80 4,154,610.59 3,923,281.25
US TREASURY NOTES
DTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 4,635,000.00 AA+ Aaa 04/06/22 04/07/22 4,254,785.16 2.75 2,944.36 4,287,872.12 4,278,684.38
US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 500,000.00 AA+ Aaa 02/02/21 02/04/21 498,613.28 0.43 163.04 499,033.71 460,468.75
US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 1,040,000.00 AA+ Aaa 01/07/21 01/08/21 1,035,978.13 0.45 339.13 1,037,239.11 957,775.00
US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 3,735,000.00 AA+ Aaa 04/05/21 04/07/21 3,646,439.65 0.89 1,217.94 3,671,076.74 3,439,701.56
US TREASURY NOTES
DTD 01/31/2021 0.375% 01/31/2026
91282CBH3 2,400,000.00 AA+ Aaa 07/02/21 07/07/21 2,353,875.00 0.80 24.46 2,364,653.16 2,206,500.00
US TREASURY NOTES
DTD 01/31/2021 0.375% 01/31/2026
91282CBH3 5,000,000.00 AA+ Aaa 02/17/22 02/18/22 4,719,531.25 1.85 50.95 4,751,407.12 4,596,875.00 CITY OF MODESTO - COMBINED PORTFOLIO Page 7
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY NOTES
DTD 01/31/2021 0.375% 01/31/2026
91282CBH3 5,775,000.00 AA+ Aaa 01/04/22 01/06/22 5,570,167.97 1.27 58.85 5,598,701.10 5,309,390.63
US TREASURY NOTES
DTD 01/31/2021 0.375% 01/31/2026
91282CBH3 7,980,000.00 AA+ Aaa 05/03/22 05/04/22 7,256,812.50 2.95 81.32 7,303,861.98 7,336,612.50
US TREASURY NOTES
DTD 02/28/2019 2.500% 02/28/2026
9128286F2 3,210,000.00 AA+ Aaa 03/01/21 03/01/21 3,492,881.25 0.70 33,582.88 3,412,589.48 3,176,896.88
US TREASURY NOTES
DTD 02/28/2021 0.500% 02/28/2026
91282CBQ3 4,645,000.00 AA+ Aaa 04/06/22 04/07/22 4,259,973.05 2.76 9,719.16 4,291,359.65 4,282,109.38
US TREASURY NOTES
DTD 02/28/2021 0.500% 02/28/2026
91282CBQ3 6,000,000.00 AA+ Aaa 12/03/21 12/07/21 5,838,281.25 1.15 12,554.35 5,863,104.66 5,531,250.00
US TREASURY N/B NOTES
DTD 03/31/2021 0.750% 03/31/2026
91282CBT7 2,480,000.00 AA+ Aaa 09/07/21 09/09/21 2,479,031.25 0.76 6,250.82 2,479,221.04 2,304,075.00
US TREASURY N/B NOTES
DTD 03/31/2021 0.750% 03/31/2026
91282CBT7 4,925,000.00 AA+ Aaa 04/29/21 04/30/21 4,896,719.73 0.87 12,413.42 4,903,931.51 4,575,632.81
US TREASURY N/B NOTES
DTD 05/31/2021 0.750% 05/31/2026
91282CCF6 1,405,000.00 AA+ Aaa 06/23/21 06/25/21 1,396,987.11 0.87 1,785.04 1,398,775.66 1,301,600.71
US TREASURY N/B NOTES
DTD 05/31/2021 0.750% 05/31/2026
91282CCF6 4,615,000.00 AA+ Aaa 04/06/22 04/07/22 4,253,551.76 2.76 5,863.32 4,281,227.00 4,275,364.61
US TREASURY N/B NOTES
DTD 05/31/2021 0.750% 05/31/2026
91282CCF6 4,800,000.00 AA+ Aaa 06/06/22 06/08/22 4,399,125.00 2.99 6,098.36 4,414,023.31 4,446,749.76
US TREASURY N/B NOTES
DTD 08/31/2021 0.750% 08/31/2026
91282CCW9 4,640,000.00 AA+ Aaa 04/06/22 04/07/22 4,258,106.25 2.75 14,563.04 4,285,672.94 4,281,850.00
US TREASURY N/B NOTES
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 4,310,000.00 AA+ Aaa 04/05/22 04/07/22 3,968,398.83 2.77 12,673.87 3,992,605.14 3,992,137.50
US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 4,545,000.00 AA+ Aaa 06/06/22 06/08/22 4,355,920.90 3.01 19,266.85 4,362,219.65 4,404,389.06
US TREASURY NOTES
DTD 02/15/2017 2.250% 02/15/2027
912828V98 9,220,000.00 AA+ Aaa 07/05/22 07/07/22 8,981,576.56 2.85 95,702.07 8,985,116.10 9,021,193.75 CITY OF MODESTO - COMBINED PORTFOLIO Page 8
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Security Type Sub-Total 218,441,000.00 212,226,742.35 1.89 522,240.34 213,054,584.02 207,693,258.40 Supra-National Agency Bond / Note
INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
459058JM6 1,790,000.00 AAA Aaa 11/17/20 11/24/20 1,786,151.50 0.32 832.85 1,788,312.99 1,727,960.39
INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
4581X0DZ8 4,095,000.00 AAA Aaa 09/15/21 09/23/21 4,091,969.70 0.52 7,280.00 4,092,832.34 3,881,335.19 Security Type Sub-Total 5,885,000.00 5,878,121.20 0.46 8,112.85 5,881,145.33 5,609,295.58 Municipal Bond / Note
CA ST TXBL GO BONDS
DTD 10/24/2019 2.400% 10/01/2023
13063DRJ9 2,310,000.00 AA- Aa2 10/16/19 10/24/19 2,356,223.10 1.87 18,480.00 2,323,693.35 2,283,458.10
MD ST TXBL GO BONDS
DTD 08/05/2020 0.510% 08/01/2024
574193TQ1 620,000.00 AAA Aaa 07/23/20 08/05/20 619,826.40 0.52 1,581.00 619,912.90 589,905.20
CA ST UNIV TXBL REV BONDS
DTD 09/17/2020 0.685% 11/01/2024
13077DMK5 600,000.00 AA- Aa2 08/27/20 09/17/20 600,000.00 0.69 1,027.50 600,000.00 564,936.00
CA ST DEPT WTR RES WTR SYS TXBL REV
BNDS
DTD 08/06/2020 0.560% 12/01/2024
13067WRB0 100,000.00 AAA Aa1 07/30/20 08/06/20 100,000.00 0.56 93.33 100,000.00 93,562.00
UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 220,000.00 AA Aa2 07/14/20 07/16/20 220,796.40 0.81 410.10 220,453.77 204,540.60
UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 510,000.00 AA Aa2 07/10/20 07/16/20 510,000.00 0.88 950.70 510,000.00 474,162.30
FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 505,000.00 AA Aa3 09/03/20 09/16/20 508,570.35 1.11 529.41 507,174.06 475,967.55
FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 1,295,000.00 AA Aa3 09/03/20 09/16/20 1,295,000.00 1.26 1,357.59 1,295,000.00 1,220,550.45
LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
54438CYK2 925,000.00 AA+ Aaa 10/30/20 11/10/20 925,000.00 0.77 3,575.13 925,000.00 850,805.75
NJ TURNPIKE AUTHORITY TXBL REV BONDS
DTD 02/04/2021 1.047% 01/01/2026
646140DP5 505,000.00 AA- A1 01/22/21 02/04/21 505,000.00 1.05 440.61 505,000.00 463,393.05 CITY OF MODESTO - COMBINED PORTFOLIO Page 9
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Municipal Bond / Note
Security Type Sub-Total 7,590,000.00 7,640,416.25 1.22 28,445.37 7,606,234.08 7,221,281.00 Federal Agency Commercial Mortgage-Backed Security
FHLMC MULTIFAMILY STRUCTURED P
DTD 12/01/2012 2.307% 08/01/2022
3137AWQH1 154,112.02 AA+ Aaa 09/04/19 09/09/19 156,387.58 1.78 296.28 154,112.02 154,112.02
FANNIEMAE-ACES
DTD 04/01/2014 3.346% 03/01/2024
3136AJB54 911,539.56 AA+ Aaa 12/13/19 12/18/19 955,834.68 2.14 2,541.68 928,218.76 905,819.52 FHMS KJ27 A1
DTD 11/01/2019 2.092% 07/01/2024
3137FQ3V3 31,804.05 AA+ Aaa 11/20/19 11/26/19 31,803.29 2.09 55.45 31,803.73 31,359.05 Security Type Sub-Total 1,097,455.63 1,144,025.55 2.09 2,893.41 1,114,134.51 1,091,290.59 Federal Agency Bond / Note
FANNIE MAE NOTES
DTD 05/22/2020 0.250% 05/22/2023
3135G04Q3 2,915,000.00 AA+ Aaa 05/20/20 05/22/20 2,906,225.85 0.35 1,396.77 2,912,644.20 2,855,598.13
FREDDIE MAC NOTES
DTD 06/11/2018 2.750% 06/19/2023
3137EAEN5 3,615,000.00 AA+ Aaa 01/07/19 01/09/19 3,640,377.30 2.58 11,598.13 3,620,037.91 3,610,951.20
FREDDIE MAC NOTES
DTD 06/11/2018 2.750% 06/19/2023
3137EAEN5 4,170,000.00 AA+ Aaa 11/01/18 11/05/18 4,114,455.60 3.06 13,378.75 4,159,398.16 4,165,329.60
FREDDIE MAC NOTES
DTD 06/26/2020 0.250% 06/26/2023
3137EAES4 3,315,000.00 AA+ Aaa 06/24/20 06/26/20 3,305,320.20 0.35 805.73 3,312,091.64 3,237,061.04
FANNIE MAE NOTES
DTD 07/10/2020 0.250% 07/10/2023
3135G05G4 3,395,000.00 AA+ Aaa 07/08/20 07/10/20 3,387,700.75 0.32 495.10 3,392,713.57 3,311,262.33
FREDDIE MAC NOTES
DTD 08/21/2020 0.250% 08/24/2023
3137EAEV7 2,200,000.00 AA+ Aaa 08/19/20 08/21/20 2,197,756.00 0.28 2,398.61 2,199,207.04 2,138,800.40
FANNIE MAE NOTES
DTD 09/14/2018 2.875% 09/12/2023
3135G0U43 3,745,000.00 AA+ Aaa 11/07/18 11/09/18 3,699,610.60 3.15 41,572.10 3,734,551.20 3,742,910.29
FANNIE MAE NOTES
DTD 09/14/2018 2.875% 09/12/2023
3135G0U43 5,665,000.00 AA+ Aaa 12/03/18 12/06/18 5,653,556.70 2.92 62,885.43 5,662,324.86 5,661,838.93 CITY OF MODESTO - COMBINED PORTFOLIO Page 10
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Bond / Note
FEDERAL FARM CREDIT BANK (CALLABLE)
DTD 09/21/2020 0.250% 09/21/2023
3133EMAM4 2,345,000.00 AA+ Aaa 10/07/20 10/09/20 2,341,013.50 0.31 2,117.01 2,343,460.18 2,273,547.85
FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
3135G06H1 900,000.00 AA+ Aaa 01/25/21 01/26/21 901,368.00 0.20 400.00 900,638.40 869,000.40
FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 2,015,000.00 AA+ Aaa 12/02/20 12/04/20 2,013,005.15 0.28 797.60 2,014,107.33 1,944,593.89
FEDERAL HOME LOAN BANKS NOTES
DTD 12/09/2013 3.375% 12/08/2023
3130A0F70 2,025,000.00 AA+ Aaa 01/30/19 01/31/19 2,084,684.63 2.72 10,061.72 2,041,638.94 2,036,961.68
FANNIE MAE NOTES
DTD 01/10/2020 1.625% 01/07/2025
3135G0X24 3,500,000.00 AA+ Aaa 03/04/20 03/05/20 3,628,135.00 0.85 3,791.67 3,564,465.88 3,394,534.50
FREDDIE MAC NOTES
DTD 02/14/2020 1.500% 02/12/2025
3137EAEP0 640,000.00 AA+ Aaa 02/27/20 02/28/20 649,676.80 1.18 4,506.67 644,947.94 618,492.16
FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
3130AJHU6 2,370,000.00 AA+ Aaa 04/15/20 04/16/20 2,358,244.80 0.60 3,522.08 2,363,639.04 2,220,995.73
FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 475,000.00 AA+ Aaa 04/29/20 04/30/20 475,731.50 0.59 816.41 475,400.35 446,801.15
FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 1,910,000.00 AA+ Aaa 06/03/20 06/05/20 1,919,779.20 0.52 3,282.81 1,915,460.33 1,796,610.94
FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 3,195,000.00 AA+ Aaa 04/22/20 04/24/20 3,188,418.30 0.67 5,491.40 3,191,409.65 3,005,325.63
FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 3,345,000.00 AA+ Aaa 05/01/20 05/04/20 3,347,475.30 0.61 5,749.22 3,346,357.73 3,146,420.73
FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 200,000.00 AA+ Aaa 09/17/20 09/18/20 200,712.00 0.42 122.22 200,431.80 186,856.20
FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 1,075,000.00 AA+ Aaa 10/01/20 10/05/20 1,080,041.75 0.40 656.94 1,078,087.92 1,004,352.07
FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 1,190,000.00 AA+ Aaa 01/04/21 01/05/21 1,197,223.30 0.36 727.22 1,194,674.68 1,111,794.39 CITY OF MODESTO - COMBINED PORTFOLIO Page 11
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Bond / Note
FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 3,675,000.00 AA+ Aaa 06/17/20 06/19/20 3,667,392.75 0.54 2,245.83 3,670,616.66 3,433,482.68
FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 3,820,000.00 AA+ Aaa 10/02/20 10/05/20 3,836,311.40 0.41 2,334.45 3,829,990.26 3,568,953.42
FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 2,220,000.00 AA+ Aaa 07/21/20 07/23/20 2,208,944.40 0.48 231.25 2,213,423.62 2,062,275.66
FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 450,000.00 AA+ Aaa 10/22/20 10/23/20 447,480.00 0.49 731.25 448,402.72 416,680.65
FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 550,000.00 AA+ Aaa 10/15/20 10/16/20 548,289.50 0.44 893.75 548,920.09 509,276.35
FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 2,360,000.00 AA+ Aaa 08/25/20 08/27/20 2,348,955.20 0.47 3,835.00 2,353,218.11 2,185,258.52
FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 130,000.00 AA+ Aaa 09/29/20 09/30/20 129,829.70 0.40 173.33 129,892.43 120,141.06
FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 3,400,000.00 AA+ Aaa 09/23/20 09/25/20 3,389,766.00 0.44 4,533.34 3,393,553.25 3,142,150.80
FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 2,040,000.00 AA+ Aaa 11/19/20 11/24/20 2,039,224.80 0.51 2,380.00 2,039,488.34 1,888,672.80
FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 2,215,000.00 AA+ Aaa 11/09/20 11/12/20 2,207,070.30 0.57 2,584.17 2,209,800.63 2,050,691.30 Security Type Sub-Total 75,065,000.00 75,113,776.28 1.13 196,515.96 75,104,994.86 72,157,622.48 Corporate Note
TOYOTA MOTOR CREDIT CORP CORP
NOTES
DTD 09/20/2018 3.450% 09/20/2023
89236TFN0 2,230,000.00 A+ A1 11/13/18 11/15/18 2,210,175.30 3.65 27,995.79 2,225,351.84 2,237,376.84
US BANK NA CINCINNATI CORP NOTES
(CALLAB
DTD 02/04/2019 3.375% 02/05/2024
91159HHV5 2,860,000.00 A+ A2 07/19/19 07/23/19 2,995,535.40 2.27 47,190.00 2,903,484.62 2,864,147.00 CITY OF MODESTO - COMBINED PORTFOLIO Page 12
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note
BANK OF AMERICA CORP NOTE
DTD 03/05/2018 3.550% 03/05/2024
06051GHF9 2,010,000.00 A- A2 09/28/20 09/30/20 2,142,318.30 1.57 28,938.42 2,071,508.99 2,006,603.10
PFIZER INC CORP NOTES
DTD 03/11/2019 2.950% 03/15/2024
717081ES8 3,445,000.00 A+ A2 04/02/19 04/04/19 3,486,374.45 2.69 38,392.61 3,458,101.13 3,444,851.87 AMAZON.COM INC CORPORATE NOTES
DTD 05/12/2021 0.450% 05/12/2024
023135BW5 1,590,000.00 AA A1 05/10/21 05/12/21 1,587,678.60 0.50 1,570.13 1,588,623.26 1,518,232.17
JP MORGAN CHASE BANK CORP NOTE
DTD 05/13/2014 3.625% 05/13/2024
46625HJX9 1,320,000.00 A- A2 09/22/20 09/24/20 1,461,028.80 0.65 10,367.50 1,389,185.94 1,329,626.76
WALMART INC CORPORATE NOTES
DTD 04/23/2019 2.850% 07/08/2024
931142EL3 4,000,000.00 AA Aa2 07/10/19 07/12/19 4,124,840.00 2.19 7,283.33 4,023,367.72 3,985,144.00
JPMORGAN CHASE & CO CORPORATE
NOTES (CAL
DTD 09/16/2020 0.653% 09/16/2024
46647PBS4 1,405,000.00 A- A2 09/09/20 09/16/20 1,405,000.00 0.65 3,440.49 1,405,000.00 1,353,631.80
PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66 1,810,000.00 A+ A1 05/11/20 05/13/20 1,839,014.30 1.45 15,837.50 1,825,429.57 1,740,152.10
NOVARTIS CAPITAL CORP
DTD 02/14/2020 1.750% 02/14/2025
66989HAP3 2,290,000.00 AA- A1 05/07/20 05/11/20 2,378,050.50 0.92 18,590.35 2,336,214.92 2,232,630.92
MASTERCARD INC CORPORATE NOTES
DTD 12/03/2019 2.000% 03/03/2025
57636QAN4 1,760,000.00 A+ A1 05/04/20 05/06/20 1,836,225.60 1.08 14,471.11 1,800,881.49 1,712,541.60 AMAZON.COM INC CORPORATE NOTES
DTD 04/13/2022 3.000% 04/13/2025
023135CE4 3,430,000.00 AA A1 04/11/22 04/13/22 3,424,546.30 3.06 30,870.00 3,425,093.66 3,438,993.46
JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7 865,000.00 A- A2 05/24/21 06/01/21 865,000.00 0.82 1,187.93 865,000.00 814,230.56
BRISTOL-MYERS SQUIBB CO CORPORATE
NOTES
DTD 11/13/2020 0.750% 11/13/2025
110122DN5 2,230,000.00 A+ A2 06/23/21 06/25/21 2,210,888.90 0.95 3,623.75 2,215,684.57 2,069,174.63 CITY OF MODESTO - COMBINED PORTFOLIO Page 13
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note
BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/28/2021 0.750% 01/28/2026
06406RAQ0 3,465,000.00 A A1 02/02/21 02/04/21 3,465,831.60 0.75 216.56 3,465,579.05 3,165,291.36
BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 03/22/2022 3.384% 04/02/2026
06051GKM0 2,025,000.00 A- A2 03/17/22 03/22/22 2,025,000.00 3.38 24,555.15 2,025,000.00 1,979,220.83
MICROSOFT CORP (CALLABLE) NOTES
DTD 08/08/2016 2.400% 08/08/2026
594918BR4 3,000,000.00 AAA Aaa 02/23/22 02/25/22 3,033,150.00 2.14 34,600.00 3,029,754.99 2,935,272.00
TARGET CORP CORPORATE NOTES
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 365,000.00 A A2 01/19/22 01/24/22 364,379.50 1.99 316.33 364,444.04 346,808.40 Security Type Sub-Total 40,100,000.00 40,855,037.55 1.89 309,446.95 40,417,705.79 39,173,929.40 Commercial Paper
LMA AMERICAS LLC COMM PAPER
DTD 04/19/2022 0.000% 08/01/2022
53944RH19 10,000,000.00 A-1 P-1 05/17/22 05/17/22 9,973,611.11 1.25 0.00 10,000,000.00 9,997,840.00
COLLAT CP FLEX CO LLC COMM PAPER
DTD 05/13/2022 0.000% 09/12/2022
19423KJC9 10,000,000.00 A-1 P-1 05/23/22 05/24/22 9,949,741.67 1.64 0.00 9,980,983.33 9,967,160.00
STARBIRD FUNDING CORP COMM PAPER
DTD 05/16/2022 0.000% 09/19/2022
85520MJK0 10,000,000.00 A-1 P-1 05/23/22 05/24/22 9,947,555.56 1.61 0.00 9,978,222.22 9,964,010.00
MUFG BANK LTD/NY COMM PAPER
DTD 12/28/2021 0.000% 09/23/2022
62479MJP9 10,000,000.00 A-1 P-1 06/16/22 06/16/22 9,941,975.00 2.12 0.00 9,968,936.11 9,962,140.00 Security Type Sub-Total 40,000,000.00 39,812,883.34 1.66 0.00 39,928,141.66 39,891,150.00 Certificate of Deposit
BARCLAYS BANK PLC NY CERT DEPOS
DTD 02/03/2022 1.050% 02/01/2023
06742TG34 2,750,000.00 A-1 P-1 02/02/22 02/03/22 2,750,000.00 1.05 14,357.29 2,750,000.00 2,714,261.73
CREDIT SUISSE NEW YORK CERT DEPOS
DTD 03/23/2021 0.590% 03/17/2023
22552G3C2 1,850,000.00 A-1 P-1 03/19/21 03/23/21 1,850,000.00 0.59 4,153.76 1,850,000.00 1,815,049.80 CITY OF MODESTO - COMBINED PORTFOLIO Page 14
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Security Type Sub-Total 4,600,000.00 4,600,000.00 0.86 18,511.05 4,600,000.00 4,529,311.53 Asset-Backed Security
HAROT 2019-2 A3
DTD 05/29/2019 2.520% 06/21/2023
43815MAC0 68,280.51 NR Aaa 05/21/19 05/29/19 68,277.96 2.52 47.80 68,279.95 68,258.64 TAOT 2019-A A3
DTD 02/13/2019 2.910% 07/15/2023
89239AAD5 82,055.21 AAA Aaa 02/05/19 02/13/19 82,040.26 2.91 106.12 82,051.98 82,054.55 NAROT 2019-A A3
DTD 02/13/2019 2.900% 10/15/2023
65479KAD2 51,482.73 NR Aaa 02/05/19 02/13/19 51,474.93 2.90 66.36 51,480.72 51,482.21 COPAR 2019-1 A3
DTD 05/30/2019 2.510% 11/15/2023
14042WAC4 29,002.75 AAA Aaa 05/21/19 05/30/19 28,996.87 2.51 32.35 29,001.05 28,979.03 NAROT 2019-B A3
DTD 05/28/2019 2.500% 11/15/2023
65479HAC1 146,595.04 NR Aaa 05/21/19 05/28/19 146,561.89 2.51 162.88 146,585.47 146,426.68 CARMX 2019-2 A3
DTD 04/17/2019 2.680% 03/15/2024
14316LAC7 118,440.67 AAA NR 04/09/19 04/17/19 118,428.57 2.68 141.08 118,436.68 118,369.74 HAROT 2020-1 A3
DTD 02/26/2020 1.610% 04/22/2024
43813RAC1 575,653.24 NR Aaa 02/19/20 02/26/20 575,540.40 1.61 257.44 575,606.38 571,654.12 TAOT 2020-A A3
DTD 02/12/2020 1.660% 05/15/2024
89232HAC9 732,380.95 AAA Aaa 02/04/20 02/12/20 732,328.07 1.66 540.33 732,358.73 727,325.98 CARMX 2020-1 A3
DTD 01/22/2020 1.890% 12/16/2024
14315XAC2 438,169.69 AAA NR 01/14/20 01/22/20 438,083.72 1.89 368.06 438,128.00 434,403.62 HAROT 2021-1 A3
DTD 02/24/2021 0.270% 04/21/2025
43813GAC5 650,000.00 NR Aaa 02/17/21 02/24/21 649,988.11 0.27 48.75 649,992.21 634,979.09 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 510,000.00 AAA NR 04/20/21 04/28/21 509,946.35 0.38 86.13 509,961.76 494,703.06 CARMX 2021-1 A3
DTD 01/27/2021 0.340% 12/15/2025
14316NAC3 382,929.04 AAA NR 01/20/21 01/27/21 382,853.37 0.34 57.86 382,876.75 373,005.51 TAOT 2021-C A3
DTD 09/27/2021 0.430% 01/15/2026
89239BAC5 980,000.00 AAA Aaa 09/21/21 09/27/21 979,921.89 0.43 187.29 979,937.20 934,448.13 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 770,000.00 AAA NR 04/13/21 04/21/21 769,834.07 0.52 177.96 769,878.02 747,284.85 CITY OF MODESTO - COMBINED PORTFOLIO Page 15
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Managed Account Detail of Securities Held For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 465,000.00 AAA NR 11/09/21 11/17/21 464,896.21 0.75 152.93 464,912.47 445,255.64 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 775,000.00 AAA Aaa 09/20/21 09/27/21 774,834.07 0.58 199.78 774,862.24 729,289.11 Security Type Sub-Total 6,774,989.83 6,774,006.74 0.96 2,633.12 6,774,349.61 6,587,919.96 Managed Account Sub-Total 399,553,445.46 394,045,009.26 1.66 1,088,799.05 394,481,289.86 383,955,058.94 $399,553,445.46 $394,045,009.26 1.66% $1,088,799.05 $394,481,289.86 $383,955,058.94 $385,043,857.99
$1,088,799.05
Total Investments
Accrued Interest
Securities Sub-Total
CITY OF MODESTO - COMBINED PORTFOLIO Page 16
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B NOTES 91282CCD1 4,355,000.00 WELLS_F 97.66 4,252,929.69 (9,016.21) (34,778.20) DTD 05/31/2021 0.125% 05/31/2023
0.84 2.99
US TREASURY NOTES 912828S35 5,100,000.00 MERRILL 98.53 5,025,093.75 176,707.03 (22,896.80) DTD 06/30/2016 1.375% 06/30/2023
0.92 3.01
US TREASURY NOTES 912828S92 3,155,000.00 RBC 98.30 3,101,266.56 104,139.80 (18,478.31) DTD 08/01/2016 1.250% 07/31/2023
1.00 2.99
US TREASURY NOTES 912828S92 5,625,000.00 NOMURA 98.30 5,529,199.50 142,383.09 (40,893.07) DTD 08/01/2016 1.250% 07/31/2023
1.00 2.99
US TREASURY NOTES 9128282D1 1,750,000.00 RBS 98.30 1,720,195.40 (3,691.32) (23,018.58) DTD 08/31/2016 1.375% 08/31/2023
1.08 2.98
US TREASURY NOTES 91282CAK7 4,395,000.00 NOMURA 96.86 4,256,969.75 (7,553.69) (36,327.99) DTD 09/15/2020 0.125% 09/15/2023
1.13 2.98
US TREASURY NOTES 9128285D8 2,700,000.00 TD 99.84 2,695,781.25 (74,039.06) (22,626.71) DTD 10/01/2018 2.875% 09/30/2023
1.15 3.01
US TREASURY NOTES 91282CAW1 3,910,000.00 MERRILL 96.61 3,777,426.76 (131,962.30) (132,263.50) DTD 11/15/2020 0.250% 11/15/2023
1.29 2.95
US TREASURY NOTES 912828WE6 8,790,000.00 TD 99.75 8,768,025.00 (110,905.08) (46,426.88) DTD 11/15/2013 2.750% 11/15/2023
1.28 2.95
US TREASURY NOTES 912828U57 3,275,000.00 BNP_PARI 98.92 3,239,691.57 23,283.36 (19,364.64) DTD 11/30/2016 2.125% 11/30/2023
1.32 2.95
US TREASURY NOTES 91282CBA8 4,430,000.00 NOMURA 96.19 4,261,106.25 (2,422.66) (33,720.30) DTD 12/15/2020 0.125% 12/15/2023
1.38 2.98
US TREASURY NOTES 9128285U0 270,000.00 MERRILL 99.55 268,776.58 (2,024.98) (1,454.29) DTD 12/31/2018 2.625% 12/31/2023
1.40 2.95
US TREASURY NOTES 9128286G0 457,000.00 WELLS_F 99.11 452,929.87 (27,741.30) (18,740.66) DTD 02/28/2019 2.375% 02/29/2024
1.55 2.95
US TREASURY NOTES 9128286G0 1,564,000.00 WELLS_F 99.11 1,550,070.70 (94,511.96) (63,871.51) DTD 02/28/2019 2.375% 02/29/2024
1.55 2.95
US TREASURY NOTES 91282CBR1 4,450,000.00 RBS 95.73 4,260,179.91 (2,781.03) (33,425.85) DTD 03/15/2021 0.250% 03/15/2024
1.63 2.96
US TREASURY N/B NOTES 91282CBV2 4,890,000.00 BARCLAY 95.73 4,681,411.18 (212,218.12) (210,680.45) DTD 04/15/2021 0.375% 04/15/2024
1.71 2.95
US TREASURY N/B NOTES 91282CCG4 4,485,000.00 NOMURA 95.16 4,267,757.81 4,905.47 (27,305.94) DTD 06/15/2021 0.250% 06/15/2024
1.88 2.92
CITY OF MODESTO - COMBINED PORTFOLIO Page 17
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 9128282N9 2,450,000.00 TD 98.45 2,412,101.44 (77,041.14) (53,589.98) DTD 07/31/2017 2.125% 07/31/2024
1.95 2.93
US TREASURY NOTES 9128282U3 1,630,000.00 MERRILL 97.91 1,595,871.88 (76,342.57) (51,759.95) DTD 08/31/2017 1.875% 08/31/2024
2.04 2.92
US TREASURY N/B NOTES 91282CCX7 4,505,000.00 BARCLAY 94.81 4,271,303.13 6,863.09 (24,420.49) DTD 09/15/2021 0.375% 09/15/2024
2.12 2.91
US TREASURY NOTES 9128282Y5 1,850,000.00 HSBC 98.41 1,820,515.63 (84,767.57) (53,458.61) DTD 10/02/2017 2.125% 09/30/2024
2.12 2.89
US TREASURY NOTES 9128283D0 460,000.00 MORGAN_S 98.61 453,603.15 (21,436.69) (13,182.11) DTD 10/31/2017 2.250% 10/31/2024
2.20 2.89
US TREASURY NOTES 9128283J7 1,215,000.00 NOMURA 98.25 1,193,737.50 (46,226.95) (32,929.92) DTD 11/30/2017 2.125% 11/30/2024
2.29 2.91
US TREASURY NOTES 9128283J7 3,450,000.00 RBS 98.25 3,389,625.00 (140,291.02) (98,434.50) DTD 11/30/2017 2.125% 11/30/2024
2.29 2.91
US TREASURY NOTES 9128283J7 4,585,000.00 HSBC 98.25 4,504,762.50 (344,054.10) (251,818.98) DTD 11/30/2017 2.125% 11/30/2024
2.29 2.91
US TREASURY N/B NOTES 91282CDN8 4,445,000.00 BNP_PAR 95.72 4,254,698.44 2,778.13 (20,006.45) DTD 12/15/2021 1.000% 12/15/2024
2.35 2.88
US TREASURY N/B NOTES 91282CDZ1 4,400,000.00 RBS 96.63 4,251,500.00 (3,609.38) (19,692.93) DTD 02/15/2022 1.500% 02/15/2025
2.49 2.89
US TREASURY NOTES 912828ZL7 4,945,000.00 JPM_CHA 93.47 4,622,029.69 (272,747.65) (288,491.65) DTD 04/30/2020 0.375% 04/30/2025
2.74 2.86
US TREASURY NOTES 912828XZ8 4,230,000.00 BARCLAY 99.78 4,220,746.88 (11,401.17) (11,190.01) DTD 07/02/2018 2.750% 06/30/2025
2.82 2.83
US TREASURY NOTES 91282CAJ0 4,340,000.00 WELLS_F 92.38 4,009,075.00 (282,439.06) (294,185.32) DTD 08/31/2020 0.250% 08/31/2025
3.08 2.85
US TREASURY NOTES 91282CAJ0 4,635,000.00 BNP_PAR 92.38 4,281,581.25 18,648.63 (16,101.62) DTD 08/31/2020 0.250% 08/31/2025
3.08 2.85
US TREASURY NOTES 91282CAM3 1,100,000.00 BNP_PAR 92.22 1,014,406.25 (61,617.19) (66,648.50) DTD 09/30/2020 0.250% 09/30/2025
3.16 2.84
US TREASURY NOTES 91282CAM3 4,550,000.00 HSBC 92.22 4,195,953.13 (277,621.09) (294,432.70) DTD 09/30/2020 0.250% 09/30/2025
3.16 2.84
US TREASURY NOTES 91282CAT8 5,010,000.00 HSBC 92.05 4,611,548.69 (282,790.76) (314,992.91) DTD 10/31/2020 0.250% 10/31/2025
3.24 2.83
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 91282CAT8 6,930,000.00 TD 92.05 6,378,848.78 (404,430.13) (433,952.07) DTD 10/31/2020 0.250% 10/31/2025
3.24 2.83
US TREASURY NOTES 91282CAZ4 4,250,000.00 WELLS_F 92.31 3,923,281.25 (210,009.77) (231,329.34) DTD 11/30/2020 0.375% 11/30/2025
3.32 2.81
US TREASURY NOTES 91282CAZ4 4,635,000.00 WELLS_F 92.31 4,278,684.38 23,899.22 (9,187.74) DTD 11/30/2020 0.375% 11/30/2025
3.32 2.81
US TREASURY NOTES 91282CBC4 500,000.00 HSBC 92.09 460,468.75 (38,144.53) (38,564.96) DTD 12/31/2020 0.375% 12/31/2025
3.40 2.82
US TREASURY NOTES 91282CBC4 1,040,000.00 CITIGRP 92.09 957,775.00 (78,203.13) (79,464.11) DTD 12/31/2020 0.375% 12/31/2025
3.40 2.82
US TREASURY NOTES 91282CBC4 3,735,000.00 JPM_CHA 92.09 3,439,701.56 (206,738.09) (231,375.18) DTD 12/31/2020 0.375% 12/31/2025
3.40 2.82
US TREASURY NOTES 91282CBH3 2,400,000.00 BNP_PAR 91.94 2,206,500.00 (147,375.00) (158,153.16) DTD 01/31/2021 0.375% 01/31/2026
3.48 2.81
US TREASURY NOTES 91282CBH3 5,000,000.00 NOMURA 91.94 4,596,875.00 (122,656.25) (154,532.12) DTD 01/31/2021 0.375% 01/31/2026
3.48 2.81
US TREASURY NOTES 91282CBH3 5,775,000.00 MORGAN_ 91.94 5,309,390.63 (260,777.34) (289,310.47) DTD 01/31/2021 0.375% 01/31/2026
3.48 2.81
US TREASURY NOTES 91282CBH3 7,980,000.00 JPM_CHA 91.94 7,336,612.50 79,800.00 32,750.52 DTD 01/31/2021 0.375% 01/31/2026
3.48 2.81
US TREASURY NOTES 9128286F2 3,210,000.00 GOLDMAN 98.97 3,176,896.88 (315,984.37) (235,692.60) DTD 02/28/2019 2.500% 02/28/2026
3.42 2.80
US TREASURY NOTES 91282CBQ3 4,645,000.00 NOMURA 92.19 4,282,109.38 22,136.33 (9,250.27) DTD 02/28/2021 0.500% 02/28/2026
3.55 2.81
US TREASURY NOTES 91282CBQ3 6,000,000.00 WELLS_F 92.19 5,531,250.00 (307,031.25) (331,854.66) DTD 02/28/2021 0.500% 02/28/2026
3.55 2.81
US TREASURY N/B NOTES 91282CBT7 2,480,000.00 WELLS_F 92.91 2,304,075.00 (174,956.25) (175,146.04) DTD 03/31/2021 0.750% 03/31/2026
3.62 2.80
US TREASURY N/B NOTES 91282CBT7 4,925,000.00 MORGAN_ 92.91 4,575,632.81 (321,086.92) (328,298.70) DTD 03/31/2021 0.750% 03/31/2026
3.62 2.80
US TREASURY N/B NOTES 91282CCF6 1,405,000.00 MERRILL 92.64 1,301,600.71 (95,386.40) (97,174.95) DTD 05/31/2021 0.750% 05/31/2026
3.78 2.79
US TREASURY N/B NOTES 91282CCF6 4,615,000.00 NOMURA 92.64 4,275,364.61 21,812.85 (5,862.39) DTD 05/31/2021 0.750% 05/31/2026
3.78 2.79
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B NOTES 91282CCF6 4,800,000.00 CITIGRP 92.64 4,446,749.76 47,624.76 32,726.45 DTD 05/31/2021 0.750% 05/31/2026
3.78 2.79
US TREASURY N/B NOTES 91282CCW9 4,640,000.00 RBC 92.28 4,281,850.00 23,743.75 (3,822.94) DTD 08/31/2021 0.750% 08/31/2026
4.02 2.76
US TREASURY N/B NOTES 91282CCZ2 4,310,000.00 RBC 92.63 3,992,137.50 23,738.67 (467.64) DTD 09/30/2021 0.875% 09/30/2026
4.09 2.76
US TREASURY NOTES 912828U24 4,545,000.00 RBC 96.91 4,404,389.06 48,468.16 42,169.41 DTD 11/15/2016 2.000% 11/15/2026
4.12 2.77
US TREASURY NOTES 912828V98 9,220,000.00 JPM_CHA 97.84 9,021,193.75 39,617.19 36,077.65 DTD 02/15/2017 2.250% 02/15/2027
4.30 2.76
Security Type Sub-Total 218,441,000.00 207,693,258.40 (4,533,483.95) (5,361,325.62) 2.67 2.87 Supra-National Agency Bond / Note
INTL BK RECON & DEVELOP NOTES 459058JM6 1,790,000.00 TD 96.53 1,727,960.39 (58,191.11) (60,352.60) DTD 11/24/2020 0.250% 11/24/2023
1.32 2.95
INTER-AMERICAN DEVEL BK NOTES 4581X0DZ8 4,095,000.00 JPM_CHA 94.78 3,881,335.19 (210,634.51) (211,497.15) DTD 09/23/2021 0.500% 09/23/2024
2.14 3.03
Security Type Sub-Total 5,885,000.00 5,609,295.58 (268,825.62) (271,849.75) 1.88 3.01 Municipal Bond / Note
CA ST TXBL GO BONDS 13063DRJ9 2,310,000.00 MORGAN_S 98.85 2,283,458.10 (72,765.00) (40,235.25) DTD 10/24/2019 2.400% 10/01/2023
1.15 3.41
MD ST TXBL GO BONDS 574193TQ1 620,000.00 JPM_CHA 95.15 589,905.20 (29,921.20) (30,007.70) DTD 08/05/2020 0.510% 08/01/2024
1.99 3.03
CA ST UNIV TXBL REV BONDS 13077DMK5 600,000.00 GOLDMAN 94.16 564,936.00 (35,064.00) (35,064.00) DTD 09/17/2020 0.685% 11/01/2024
2.24 3.40
CA ST DEPT WTR RES WTR SYS TXBL REV 13067WRB0 100,000.00 MORGAN_ 93.56 93,562.00 (6,438.00) (6,438.00) BNDS
DTD 08/06/2020 0.560% 12/01/2024
2.32 3.45
UNIV OF CAL TXBL REV BONDS 91412HGE7 220,000.00 JPM_CHA 04/15/25 92.97 204,540.60 (16,255.80) (15,913.17) DTD 07/16/2020 0.883% 05/15/2025
2.68 3.55
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Municipal Bond / Note
UNIV OF CAL TXBL REV BONDS 91412HGE7 510,000.00 JPM_CHA 04/15/25 92.97 474,162.30 (35,837.70) (35,837.70) DTD 07/16/2020 0.883% 05/15/2025
2.68 3.55
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 505,000.00 MERRILL 94.25 475,967.55 (32,602.80) (31,206.51) DTD 09/16/2020 1.258% 07/01/2025
2.87 3.34
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 1,295,000.00 MERRILL 94.25 1,220,550.45 (74,449.55) (74,449.55) DTD 09/16/2020 1.258% 07/01/2025
2.87 3.34
LOS ANGELES CCD, CA TXBL GO BONDS 54438CYK2 925,000.00 MERRILL 91.98 850,805.75 (74,194.25) (74,194.25) DTD 11/10/2020 0.773% 08/01/2025
2.96 3.62
NJ TURNPIKE AUTHORITY TXBL REV 646140DP5 505,000.00 CITIGRP 91.76 463,393.05 (41,606.95) (41,606.95) BONDS
DTD 02/04/2021 1.047% 01/01/2026
3.37 3.63
Security Type Sub-Total 7,590,000.00 7,221,281.00 (419,135.25) (384,953.08) 2.22 3.41 Federal Agency Commercial Mortgage-Backed Security
FHLMC MULTIFAMILY STRUCTURED P 3137AWQH1 154,112.02 CANT_FIT 100.00 154,112.02 (2,275.56) 0.00 DTD 12/01/2012 2.307% 08/01/2022
0.08 2.30
FANNIEMAE-ACES 3136AJB54 911,539.56 JPM_CHAS 99.37 905,819.52 (50,015.16) (22,399.24) DTD 04/01/2014 3.346% 03/01/2024
1.48 3.75
FHMS KJ27 A1 3137FQ3V3 31,804.05 JPM_CHAS 98.60 31,359.05 (444.24) (444.68) DTD 11/01/2019 2.092% 07/01/2024
0.62 2.84
Security Type Sub-Total 1,097,455.63 1,091,290.59 (52,734.96) (22,843.92) 1.26 3.52 Federal Agency Bond / Note
FANNIE MAE NOTES 3135G04Q3 2,915,000.00 CITIGRP 97.96 2,855,598.13 (50,627.72) (57,046.07) DTD 05/22/2020 0.250% 05/22/2023
0.81 2.81
FREDDIE MAC NOTES 3137EAEN5 3,615,000.00 MORGAN_S 99.89 3,610,951.20 (29,426.10) (9,086.71) DTD 06/11/2018 2.750% 06/19/2023
0.88 2.88
FREDDIE MAC NOTES 3137EAEN5 4,170,000.00 CITIGRP 99.89 4,165,329.60 50,874.00 5,931.44 DTD 06/11/2018 2.750% 06/19/2023
0.88 2.88
FREDDIE MAC NOTES 3137EAES4 3,315,000.00 TD 97.65 3,237,061.04 (68,259.16) (75,030.60) DTD 06/26/2020 0.250% 06/26/2023
0.91 2.90
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Bond / Note
FANNIE MAE NOTES 3135G05G4 3,395,000.00 CITIGRP 97.53 3,311,262.33 (76,438.42) (81,451.24) DTD 07/10/2020 0.250% 07/10/2023
0.95 2.92
FREDDIE MAC NOTES 3137EAEV7 2,200,000.00 CITIGRP 97.22 2,138,800.40 (58,955.60) (60,406.64) DTD 08/21/2020 0.250% 08/24/2023
1.07 2.92
FANNIE MAE NOTES 3135G0U43 3,745,000.00 JPM_CHAS 99.94 3,742,910.29 43,299.69 8,359.09 DTD 09/14/2018 2.875% 09/12/2023
1.10 2.92
FANNIE MAE NOTES 3135G0U43 5,665,000.00 TD 99.94 5,661,838.93 8,282.23 (485.93) DTD 09/14/2018 2.875% 09/12/2023
1.10 2.92
FEDERAL FARM CREDIT BANK (CALLABLE) 3133EMAM4 2,345,000.00 TD 09/21/22 96.95 2,273,547.85 (67,465.65) (69,912.33) DTD 09/21/2020 0.250% 09/21/2023
0.16 2.98
FANNIE MAE NOTES 3135G06H1 900,000.00 MORGAN_ 96.56 869,000.40 (32,367.60) (31,638.00) DTD 11/25/2020 0.250% 11/27/2023
1.33 2.92
FREDDIE MAC NOTES 3137EAFA2 2,015,000.00 CITIGRP 96.51 1,944,593.89 (68,411.26) (69,513.44) DTD 12/04/2020 0.250% 12/04/2023
1.35 2.92
FEDERAL HOME LOAN BANKS NOTES 3130A0F70 2,025,000.00 BARCLAYS 100.59 2,036,961.68 (47,722.95) (4,677.26) DTD 12/09/2013 3.375% 12/08/2023
1.33 2.93
FANNIE MAE NOTES 3135G0X24 3,500,000.00 CITIGRP 96.99 3,394,534.50 (233,600.50) (169,931.38) DTD 01/10/2020 1.625% 01/07/2025
2.40 2.92
FREDDIE MAC NOTES 3137EAEP0 640,000.00 WELLS_FA 96.64 618,492.16 (31,184.64) (26,455.78) DTD 02/14/2020 1.500% 02/12/2025
2.48 2.89
FEDERAL HOME LOAN BANK NOTES 3130AJHU6 2,370,000.00 CITIGRP 93.71 2,220,995.73 (137,249.07) (142,643.31) DTD 04/16/2020 0.500% 04/14/2025
2.69 2.93
FANNIE MAE NOTES 3135G03U5 475,000.00 WELLS_F 94.06 446,801.15 (28,930.35) (28,599.20) DTD 04/24/2020 0.625% 04/22/2025
2.71 2.90
FANNIE MAE NOTES 3135G03U5 1,910,000.00 HSBC 94.06 1,796,610.94 (123,168.26) (118,849.39) DTD 04/24/2020 0.625% 04/22/2025
2.71 2.90
FANNIE MAE NOTES 3135G03U5 3,195,000.00 CITIGRP 94.06 3,005,325.63 (183,092.67) (186,084.02) DTD 04/24/2020 0.625% 04/22/2025
2.71 2.90
FANNIE MAE NOTES 3135G03U5 3,345,000.00 WELLS_F 94.06 3,146,420.73 (201,054.57) (199,937.00) DTD 04/24/2020 0.625% 04/22/2025
2.71 2.90
FANNIE MAE NOTES 3135G04Z3 200,000.00 WELLS_F 93.43 186,856.20 (13,855.80) (13,575.60) DTD 06/19/2020 0.500% 06/17/2025
2.86 2.89
FANNIE MAE NOTES 3135G04Z3 1,075,000.00 NOMURA 93.43 1,004,352.07 (75,689.68) (73,735.85) DTD 06/19/2020 0.500% 06/17/2025
2.86 2.89
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Bond / Note
FANNIE MAE NOTES 3135G04Z3 1,190,000.00 RBS 93.43 1,111,794.39 (85,428.91) (82,880.29) DTD 06/19/2020 0.500% 06/17/2025
2.86 2.89
FANNIE MAE NOTES 3135G04Z3 3,675,000.00 NOMURA 93.43 3,433,482.68 (233,910.07) (237,133.98) DTD 06/19/2020 0.500% 06/17/2025
2.86 2.89
FANNIE MAE NOTES 3135G04Z3 3,820,000.00 RBS 93.43 3,568,953.42 (267,357.98) (261,036.84) DTD 06/19/2020 0.500% 06/17/2025
2.86 2.89
FREDDIE MAC NOTES 3137EAEU9 2,220,000.00 WELLS_F 92.90 2,062,275.66 (146,668.74) (151,147.96) DTD 07/23/2020 0.375% 07/21/2025
2.96 2.88
FANNIE MAE NOTES 3135G05X7 450,000.00 NOMURA 92.60 416,680.65 (30,799.35) (31,722.07) DTD 08/27/2020 0.375% 08/25/2025
3.05 2.91
FANNIE MAE NOTES 3135G05X7 550,000.00 CITIGRP 92.60 509,276.35 (39,013.15) (39,643.74) DTD 08/27/2020 0.375% 08/25/2025
3.05 2.91
FANNIE MAE NOTES 3135G05X7 2,360,000.00 BARCLAY 92.60 2,185,258.52 (163,696.68) (167,959.59) DTD 08/27/2020 0.375% 08/25/2025
3.05 2.91
FREDDIE MAC NOTES 3137EAEX3 130,000.00 WELLS_F 92.42 120,141.06 (9,688.64) (9,751.37) DTD 09/25/2020 0.375% 09/23/2025
3.13 2.91
FREDDIE MAC NOTES 3137EAEX3 3,400,000.00 CITIGRP 92.42 3,142,150.80 (247,615.20) (251,402.45) DTD 09/25/2020 0.375% 09/23/2025
3.13 2.91
FANNIE MAE NOTES 3135G06G3 2,040,000.00 NOMURA 92.58 1,888,672.80 (150,552.00) (150,815.54) DTD 11/12/2020 0.500% 11/07/2025
3.24 2.89
FANNIE MAE NOTES 3135G06G3 2,215,000.00 BARCLAY 92.58 2,050,691.30 (156,379.00) (159,109.33) DTD 11/12/2020 0.500% 11/07/2025
3.24 2.89
Security Type Sub-Total 75,065,000.00 72,157,622.48 (2,956,153.80) (2,947,372.38) 1.92 2.90 Corporate Note
TOYOTA MOTOR CREDIT CORP CORP 89236TFN0 2,230,000.00 JPM_CHAS 100.33 2,237,376.84 27,201.54 12,025.00 NOTES
DTD 09/20/2018 3.450% 09/20/2023
1.12 3.15
US BANK NA CINCINNATI CORP NOTES 91159HHV5 2,860,000.00 GOLDMAN 01/05/24 100.15 2,864,147.00 (131,388.40) (39,337.62) (CALLAB
DTD 02/04/2019 3.375% 02/05/2024
1.39 3.28
BANK OF AMERICA CORP NOTE 06051GHF9 2,010,000.00 MERRILL 99.83 2,006,603.10 (135,715.20) (64,905.89) DTD 03/05/2018 3.550% 03/05/2024
1.55 3.66
CITY OF MODESTO - COMBINED PORTFOLIO Page 23
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
PFIZER INC CORP NOTES 717081ES8 3,445,000.00 BONY 02/15/24 100.00 3,444,851.87 (41,522.58) (13,249.26) DTD 03/11/2019 2.950% 03/15/2024
1.50 2.95
AMAZON.COM INC CORPORATE NOTES 023135BW5 1,590,000.00 JPM_CHA 95.49 1,518,232.17 (69,446.43) (70,391.09) DTD 05/12/2021 0.450% 05/12/2024
1.78 3.07
JP MORGAN CHASE BANK CORP NOTE 46625HJX9 1,320,000.00 JPM_CHA 100.73 1,329,626.76 (131,402.04) (59,559.18) DTD 05/13/2014 3.625% 05/13/2024
1.74 3.20
WALMART INC CORPORATE NOTES 931142EL3 4,000,000.00 CITIGRP 04/15/23 99.63 3,985,144.00 (139,696.00) (38,223.72) DTD 04/23/2019 2.850% 07/08/2024
0.71 3.05
JPMORGAN CHASE & CO CORPORATE 46647PBS4 1,405,000.00 JPM_CHA 09/16/23 96.34 1,353,631.80 (51,368.20) (51,368.20)
NOTES (CAL
DTD 09/16/2020 0.653% 09/16/2024
1.13 2.43
PACCAR FINANCIAL CORP CORPORATE 69371RQ66 1,810,000.00 MITSU 96.14 1,740,152.10 (98,862.20) (85,277.47) NOTES
DTD 02/06/2020 1.800% 02/06/2025
2.45 3.41
NOVARTIS CAPITAL CORP 66989HAP3 2,290,000.00 CITIGRP 01/14/25 97.49 2,232,630.92 (145,419.58) (103,584.00) DTD 02/14/2020 1.750% 02/14/2025
2.40 2.78
MASTERCARD INC CORPORATE NOTES 57636QAN4 1,760,000.00 JSEB 97.30 1,712,541.60 (123,684.00) (88,339.89) DTD 12/03/2019 2.000% 03/03/2025
2.52 3.09
AMAZON.COM INC CORPORATE NOTES 023135CE4 3,430,000.00 JPM_CHA 100.26 3,438,993.46 14,447.16 13,899.80 DTD 04/13/2022 3.000% 04/13/2025
2.60 2.90
JPMORGAN CHASE & CO (CALLABLE) CORP 46647PCH7 865,000.00 JPM_CHA 06/01/24 94.13 814,230.56 (50,769.44) (50,769.44) NOTE
DTD 06/01/2021 0.824% 06/01/2025
1.83 3.00
BRISTOL-MYERS SQUIBB CO CORPORATE 110122DN5 2,230,000.00 MERRILL 10/13/25 92.79 2,069,174.63 (141,714.27) (146,509.94) NOTES
DTD 11/13/2020 0.750% 11/13/2025
3.17 3.07
BANK OF NY MELLON CORP (CALLABLE) 06406RAQ0 3,465,000.00 US_BANC 12/28/25 91.35 3,165,291.36 (300,540.24) (300,287.69) CORPOR
DTD 01/28/2021 0.750% 01/28/2026
3.37 3.40
BANK OF AMERICA CORP NOTES 06051GKM0 2,025,000.00 MERRILL 97.74 1,979,220.83 (45,779.17) (45,779.17) (CALLABLE)
DTD 03/22/2022 3.384% 04/02/2026
3.44 4.05
MICROSOFT CORP (CALLABLE) NOTES 594918BR4 3,000,000.00 TD 05/08/26 97.84 2,935,272.00 (97,878.00) (94,482.99) DTD 08/08/2016 2.400% 08/08/2026
3.59 2.97
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
TARGET CORP CORPORATE NOTES 87612EBM7 365,000.00 CITIGRP 95.02 346,808.40 (17,571.10) (17,635.64) DTD 01/24/2022 1.950% 01/15/2027
4.29 3.16
Security Type Sub-Total 40,100,000.00 39,173,929.40 (1,681,108.15) (1,243,776.39) 2.16 3.14 Commercial Paper
LMA AMERICAS LLC COMM PAPER 53944RH19 10,000,000.00 GOLDMAN 99.98 9,997,840.00 24,228.89 (2,160.00) DTD 04/19/2022 0.000% 08/01/2022
0.01 7.78
COLLAT CP FLEX CO LLC COMM PAPER 19423KJC9 10,000,000.00 RBC 99.67 9,967,160.00 17,418.33 (13,823.33) DTD 05/13/2022 0.000% 09/12/2022
0.13 2.76
STARBIRD FUNDING CORP COMM PAPER 85520MJK0 10,000,000.00 CSFB 99.64 9,964,010.00 16,454.44 (14,212.22) DTD 05/16/2022 0.000% 09/19/2022
0.15 2.60
MUFG BANK LTD/NY COMM PAPER 62479MJP9 10,000,000.00 MITSU 99.62 9,962,140.00 20,165.00 (6,796.11) DTD 12/28/2021 0.000% 09/23/2022
0.16 2.53
Security Type Sub-Total 40,000,000.00 39,891,150.00 78,266.66 (36,991.66) 0.11 3.92 Certificate of Deposit
BARCLAYS BANK PLC NY CERT DEPOS 06742TG34 2,750,000.00 BARCLAY 98.70 2,714,261.73 (35,738.27) (35,738.27) DTD 02/03/2022 1.050% 02/01/2023
0.53 3.61
CREDIT SUISSE NEW YORK CERT DEPOS 22552G3C2 1,850,000.00 CSFB 98.11 1,815,049.80 (34,950.20) (34,950.20) DTD 03/23/2021 0.590% 03/17/2023
0.65 3.61
Security Type Sub-Total 4,600,000.00 4,529,311.53 (70,688.47) (70,688.47) 0.58 3.61 Asset-Backed Security
HAROT 2019-2 A3 43815MAC0 68,280.51 JPM_CHAS 99.97 68,258.64 (19.32) (21.31) DTD 05/29/2019 2.520% 06/21/2023
0.10 2.56
TAOT 2019-A A3 89239AAD5 82,055.21 MITSU 100.00 82,054.55 14.29 2.57 DTD 02/13/2019 2.910% 07/15/2023
0.08 2.91
NAROT 2019-A A3 65479KAD2 51,482.73 MITSU 100.00 51,482.21 7.28 1.49 DTD 02/13/2019 2.900% 10/15/2023
0.05 2.90
COPAR 2019-1 A3 14042WAC4 29,002.75 JPM_CHAS 99.92 28,979.03 (17.84) (22.02) DTD 05/30/2019 2.510% 11/15/2023
0.07 2.57
CITY OF MODESTO - COMBINED PORTFOLIO Page 25
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
NAROT 2019-B A3 65479HAC1 146,595.04 WELLS_FA 99.89 146,426.68 (135.21) (158.79) DTD 05/28/2019 2.500% 11/15/2023
0.13 2.59
CARMX 2019-2 A3 14316LAC7 118,440.67 RBC 99.94 118,369.74 (58.83) (66.94) DTD 04/17/2019 2.680% 03/15/2024
0.17 2.72
HAROT 2020-1 A3 43813RAC1 575,653.24 JPM_CHAS 99.31 571,654.12 (3,886.28) (3,952.26) DTD 02/26/2020 1.610% 04/22/2024
0.42 2.02
TAOT 2020-A A3 89232HAC9 732,380.95 MITSU 99.31 727,325.98 (5,002.09) (5,032.75) DTD 02/12/2020 1.660% 05/15/2024
0.34 2.05
CARMX 2020-1 A3 14315XAC2 438,169.69 MERRILL 99.14 434,403.62 (3,680.10) (3,724.38) DTD 01/22/2020 1.890% 12/16/2024
0.51 2.26
HAROT 2021-1 A3 43813GAC5 650,000.00 JPM_CHA 97.69 634,979.09 (15,009.02) (15,013.12) DTD 02/24/2021 0.270% 04/21/2025
0.71 1.13
HART 2021-A A3 44933LAC7 510,000.00 BARCLAY 97.00 494,703.06 (15,243.29) (15,258.70) DTD 04/28/2021 0.380% 09/15/2025
0.99 1.36
CARMX 2021-1 A3 14316NAC3 382,929.04 MITSU 97.41 373,005.51 (9,847.86) (9,871.24) DTD 01/27/2021 0.340% 12/15/2025
0.75 1.12
TAOT 2021-C A3 89239BAC5 980,000.00 BARCLAY 95.35 934,448.13 (45,473.76) (45,489.07) DTD 09/27/2021 0.430% 01/15/2026
1.39 1.82
CARMX 2021-2 A3 14314QAC8 770,000.00 MERRILL 97.05 747,284.85 (22,549.22) (22,593.17) DTD 04/21/2021 0.520% 02/17/2026
0.91 1.37
HART 2021-C A3 44935FAD6 465,000.00 SMBC 95.75 445,255.64 (19,640.57) (19,656.83) DTD 11/17/2021 0.740% 05/15/2026
1.52 1.90
DCENT 2021-A1 A1 254683CP8 775,000.00 CITIGRP 94.10 729,289.11 (45,544.96) (45,573.13) DTD 09/27/2021 0.580% 09/15/2026
2.08 2.07
Security Type Sub-Total 6,774,989.83 6,587,919.96 (186,086.78) (186,429.65) 0.94 1.80 Managed Account Sub-Total 399,553,445.46 383,955,058.94 (10,089,950.32) (10,526,230.92) 2.13 3.02 Total Investments $385,043,857.99
$1,088,799.05
$383,955,058.94
Accrued Interest
Securities Sub-Total $399,553,445.46 ($10,089,950.32) ($10,526,230.92) 2.13 3.02% CITY OF MODESTO - COMBINED PORTFOLIO Page 26
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
07/07/22 US TREASURY NOTES
DTD 02/15/2017 2.250% 02/15/2027
07/05/22 912828V98 9,220,000.00 (8,981,576.56) (81,375.41) (9,062,951.97) Transaction Type Sub-Total 9,220,000.00 (8,981,576.56) (81,375.41) (9,062,951.97)
INTEREST
07/01/22 NJ TURNPIKE AUTHORITY TXBL REV
BONDS
DTD 02/04/2021 1.047% 01/01/2026
07/01/22 646140DP5 505,000.00 0.00 2,643.68 2,643.68
07/01/22 07/01/22 MONEY MARKET FUND MONEY0002 0.00 0.00 624.98 624.98 07/01/22 FL ST BOARD OF ADMIN TXBL REV
BONDS
DTD 09/16/2020 1.258% 07/01/2025
07/01/22 341271AD6 1,800,000.00 0.00 11,322.00 11,322.00 07/25/22 FHMS KJ27 A1
DTD 11/01/2019 2.092% 07/01/2024
07/01/22 3137FQ3V3 49,571.85 0.00 86.42 86.42
07/25/22 FHLMC MULTIFAMILY STRUCTURED P
DTD 12/01/2012 2.307% 08/01/2022
07/01/22 3137AWQH1 828,673.13 0.00 1,593.12 1,593.12
07/25/22 FANNIEMAE-ACES
DTD 04/01/2014 3.346% 03/01/2024
07/01/22 3136AJB54 924,044.53 0.00 2,629.21 2,629.21
07/07/22 FANNIE MAE NOTES
DTD 01/10/2020 1.625% 01/07/2025
07/07/22 3135G0X24 3,500,000.00 0.00 28,437.50 28,437.50 07/08/22 WALMART INC CORPORATE NOTES
DTD 04/23/2019 2.850% 07/08/2024
07/08/22 931142EL3 4,000,000.00 0.00 57,000.00 57,000.00 07/10/22 FANNIE MAE NOTES
DTD 07/10/2020 0.250% 07/10/2023
07/10/22 3135G05G4 3,395,000.00 0.00 4,243.75 4,243.75
07/15/22 ALLYA 2019-1 A3
DTD 02/13/2019 2.910% 09/15/2023
07/15/22 02004WAC5 8,277.43 0.00 20.07 20.07
07/15/22 NAROT 2019-B A3
DTD 05/28/2019 2.500% 11/15/2023
07/15/22 65479HAC1 191,729.35 0.00 399.44 399.44
07/15/22 TAOT 2021-C A3
DTD 09/27/2021 0.430% 01/15/2026
07/15/22 89239BAC5 980,000.00 0.00 351.17 351.17
07/15/22 CARMX 2019-2 A3
DTD 04/17/2019 2.680% 03/15/2024
07/15/22 14316LAC7 148,882.33 0.00 332.50 332.50
07/15/22 CARMX 2020-1 A3
DTD 01/22/2020 1.890% 12/16/2024
07/15/22 14315XAC2 478,103.52 0.00 753.01 753.01
CITY OF MODESTO - COMBINED PORTFOLIO Page 27
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
07/15/22 COPAR 2019-1 A3
DTD 05/30/2019 2.510% 11/15/2023
07/15/22 14042WAC4 52,171.39 0.00 109.13 109.13
07/15/22 TAOT 2020-A A3
DTD 02/12/2020 1.660% 05/15/2024
07/15/22 89232HAC9 823,930.03 0.00 1,139.77 1,139.77
07/15/22 CARMX 2021-1 A3
DTD 01/27/2021 0.340% 12/15/2025
07/15/22 14316NAC3 385,000.00 0.00 109.08 109.08
07/15/22 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
07/15/22 14314QAC8 770,000.00 0.00 333.67 333.67
07/15/22 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
07/15/22 44935FAD6 465,000.00 0.00 286.75 286.75
07/15/22 NAROT 2019-A A3
DTD 02/13/2019 2.900% 10/15/2023
07/15/22 65479KAD2 96,139.90 0.00 232.34 232.34
07/15/22 TARGET CORP CORPORATE NOTES
DTD 01/24/2022 1.950% 01/15/2027
07/15/22 87612EBM7 365,000.00 0.00 3,380.81 3,380.81
07/15/22 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
07/15/22 44933LAC7 510,000.00 0.00 161.50 161.50
07/15/22 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
07/15/22 254683CP8 775,000.00 0.00 374.58 374.58
07/15/22 TAOT 2019-A A3
DTD 02/13/2019 2.910% 07/15/2023
07/15/22 89239AAD5 137,776.09 0.00 334.11 334.11
07/21/22 HAROT 2020-1 A3
DTD 02/26/2020 1.610% 04/22/2024
07/21/22 43813RAC1 640,053.81 0.00 858.74 858.74
07/21/22 HAROT 2019-2 A3
DTD 05/29/2019 2.520% 06/21/2023
07/21/22 43815MAC0 113,607.92 0.00 238.58 238.58
07/21/22 FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
07/21/22 3137EAEU9 2,220,000.00 0.00 4,162.50 4,162.50
07/21/22 HAROT 2021-1 A3
DTD 02/24/2021 0.270% 04/21/2025
07/21/22 43813GAC5 650,000.00 0.00 146.25 146.25
07/28/22 BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/28/2021 0.750% 01/28/2026
07/28/22 06406RAQ0 3,465,000.00 0.00 12,993.75 12,993.75 07/31/22 US TREASURY NOTES
DTD 01/31/2021 0.375% 01/31/2026
07/31/22 91282CBH3 21,155,000.00 0.00 39,665.63 39,665.63 CITY OF MODESTO - COMBINED PORTFOLIO Page 28
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
07/31/22 US TREASURY NOTES
DTD 08/01/2016 1.250% 07/31/2023
07/31/22 912828S92 8,780,000.00 0.00 54,875.00 54,875.00 07/31/22 US TREASURY NOTES
DTD 07/31/2017 2.125% 07/31/2024
07/31/22 9128282N9 2,450,000.00 0.00 26,031.25 26,031.25 Transaction Type Sub-Total 60,662,961.28 0.00 255,870.29 255,870.29
PAYDOWNS
07/25/22 FANNIEMAE-ACES
DTD 04/01/2014 3.346% 03/01/2024
07/01/22 3136AJB54 12,504.97 12,504.97 0.00 12,504.97 (607.66) 0.00 07/25/22 FHLMC MULTIFAMILY STRUCTURED P
DTD 12/01/2012 2.307% 08/01/2022
07/01/22 3137AWQH1 674,561.11 674,561.11 0.00 674,561.11 (9,960.32) 0.00 07/25/22 FHMS KJ27 A1
DTD 11/01/2019 2.092% 07/01/2024
07/01/22 3137FQ3V3 17,767.80 17,767.80 0.00 17,767.80 0.43 0.00 07/15/22 TAOT 2019-A A3
DTD 02/13/2019 2.910% 07/15/2023
07/15/22 89239AAD5 55,720.88 55,720.88 0.00 55,720.88 10.15 0.00 07/15/22 TAOT 2020-A A3
DTD 02/12/2020 1.660% 05/15/2024
07/15/22 89232HAC9 91,549.08 91,549.08 0.00 91,549.08 6.61 0.00 07/15/22 CARMX 2021-1 A3
DTD 01/27/2021 0.340% 12/15/2025
07/15/22 14316NAC3 2,070.96 2,070.96 0.00 2,070.96 0.41 0.00 07/15/22 NAROT 2019-A A3
DTD 02/13/2019 2.900% 10/15/2023
07/15/22 65479KAD2 44,657.17 44,657.17 0.00 44,657.17 6.76 0.00 07/15/22 COPAR 2019-1 A3
DTD 05/30/2019 2.510% 11/15/2023
07/15/22 14042WAC4 23,168.64 23,168.64 0.00 23,168.64 4.69 0.00 07/15/22 ALLYA 2019-1 A3
DTD 02/13/2019 2.910% 09/15/2023
07/15/22 02004WAC5 8,277.43 8,277.43 0.00 8,277.43 1.00 0.00 07/15/22 CARMX 2019-2 A3
DTD 04/17/2019 2.680% 03/15/2024
07/15/22 14316LAC7 30,441.66 30,441.66 0.00 30,441.66 3.11 0.00 07/15/22 CARMX 2020-1 A3
DTD 01/22/2020 1.890% 12/16/2024
07/15/22 14315XAC2 39,933.83 39,933.83 0.00 39,933.83 7.83 0.00 07/15/22 NAROT 2019-B A3
DTD 05/28/2019 2.500% 11/15/2023
07/15/22 65479HAC1 45,134.31 45,134.31 0.00 45,134.31 10.20 0.00 07/21/22 HAROT 2019-2 A3
DTD 05/29/2019 2.520% 06/21/2023
07/21/22 43815MAC0 45,327.41 45,327.41 0.00 45,327.41 1.69 0.00 CITY OF MODESTO - COMBINED PORTFOLIO Page 29
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2022 CITY OF MODESTO - Combined Portfolio
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
PAYDOWNS
07/21/22 HAROT 2020-1 A3
DTD 02/26/2020 1.610% 04/22/2024
07/21/22 43813RAC1 64,400.57 64,400.57 0.00 64,400.57 12.62 0.00 Transaction Type Sub-Total 1,155,515.82 1,155,515.82 0.00 1,155,515.82 (10,502.48) 0.00 SELL
07/07/22 US TREASURY NOTES
DTD 03/15/2020 0.500% 03/15/2023
07/05/22 912828ZD5 4,315,000.00 4,250,443.55 6,683.56 4,257,127.11 (13,990.04) (27,444.85) FIFO 07/07/22 SKANDINAV ENSKILDA BANK LT CD
DTD 09/03/2019 1.860% 08/26/2022
07/05/22 83050PDR7 3,560,000.00 3,558,796.33 24,095.27 3,582,891.60 (1,203.67) (1,203.67) FIFO Transaction Type Sub-Total 7,875,000.00 7,809,239.88 30,778.83 7,840,018.71 (15,193.71) (28,648.52) Managed Account Sub-Total (16,820.86) 205,273.71 188,452.85 (25,696.19) (28,648.52) Total Security Transactions ($16,820.86) $205,273.71 $188,452.85 ($25,696.19) ($28,648.52) CITY OF MODESTO - COMBINED PORTFOLIO Page 30
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Attachment 3
City of Modesto Combined Yields
Month
Ending
Combined
Yield
CAMP
Balance
CAMP Monthly
Distribution Yields
Long Term
Amortized Cost
Balance
Long Term
Portfolio Yield
Short Term
Amortized Cost
Balance
Short Term
Portfolio Yield
7/31/2020 1.70% 70,022,491.13 0.37% 236,269,407.98 2.10% 8/31/2020 1.58% 70,040,261.05 0.30% 236,780,335.74 1.96% 9/30/2020 1.53% 70,055,998.31 0.27% 236,959,922.49 1.90% 10/31/2020 1.46% 70,067,223.80 0.19% 238,332,735.73 1.83% 11/30/2020 1.41% 70,075,022.52 0.14% 237,871,749.29 1.79% 12/31/2020 1.33% 85,083,671.36 0.12% 237,485,609.39 1.77% 1/31/2021 1.31% 85,092,301.61 0.12% 238,149,298.87 1.74% 2/28/2021 1.14% 120,099,726.01 0.10% 232,079,913.81 1.68% 3/31/2021 1.08% 137,608,358.86 0.08% 234,986,337.21 1.67% 4/30/2021 1.09% 99,414,400.76 0.06% 273,342,506.45 1.47% 5/31/2021 1.00% 134,419,293.96 0.05% 273,479,692.78 1.46% 6/30/2021 0.97% 134,424,844.05 0.05% 273,831,695.68 1.42% 7/31/2021 1.02% 108,729,978.62 0.05% 273,119,224.63 1.40% 8/31/2021 1.01% 108,734,764.86 0.05% 272,424,046.82 1.39% 9/30/2021 0.97% 108,739,293.68 0.05% 275,543,849.60 1.33% 10/31/2021 0.91% 123,744,124.02 0.05% 274,089,339.67 1.30% 11/30/2021 0.90% 123,749,269.51 0.05% 275,079,950.15 1.28% 12/31/2021 0.91% 123,754,558.86 0.05% 274,968,424.92 1.29% 1/31/2022 0.92% 123,759,932.29 0.05% 276,103,753.02 1.31% 2/28/2022 0.92% 106,765,158.19 0.06% 276,530,404.21 1.31% 39,948,433.34 0.53% 3/31/2022 0.98% 106,788,084.24 0.25% 277,035,730.56 1.33% 39,948,380.00 0.53% 4/30/2022 1.39% 30,016,017.61 0.50% 353,203,903.46 1.56% 39,984,016.67 0.53% 5/31/2022 1.47% 50,044,305.28 0.82% 353,781,386.85 1.59% 39,880,961.12 1.26% 6/30/2022 1.56% 75,106,114.53 1.14% 354,423,884.74 1.64% 39,871,394.45 1.66% 7/31/2022 1.66% 46,186,072.35 1.64% 354,553,148.20 1.66% 39,928,141.66 1.66% Notes:
1. Long and Short Term Portfolio AC Balance is the amortized cost value of the separately managed portfolios.
2. Long and Short Term Portfolio Yields are the separately managed portfolios yield at costs. #9..
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Attachment 4
City of Modesto - Portfolio Holdings and Earnings Projections Issuer Par Maturity Date Current Yield
Years to
Maturity
Expected Earnings
Rate to June 30, 2023
Expected Earnings to
June 30, 2023
Main Portfolio
Federal Agency
FNMA 2,915,000 5/22/2023 2.810% 1 8,268 0.68% 18,076
FHLMC 3,615,000 6/19/2023 2.880% 1 82,586 2.60% 86,018
FHLMC 4,170,000 6/19/2023 2.880% 1 112,946 3.06% 116,905 FHLMC 3,315,000 6/26/2023 2.900% 1 10,428 0.38% 11,572
FNMA 3,395,000 7/10/2023 2.920% 1 10,305 0.32% 10,006
FHLMC 2,200,000 8/24/2023 2.920% 1 6,661 0.28% 5,719
FNMA 3,745,000 9/12/2023 2.920% 1 131,711 3.15% 107,823 FNMA 5,665,000 9/12/2023 2.920% 1 184,915 2.92% 151,376 FFCB 2,345,000 9/21/2023 2.980% 1 8,250 0.31% 6,608
FNMA 900,000 11/27/2023 2.920% 1 2,342 0.20% 1,616
FHLMC 2,015,000 12/4/2023 2.920% 1 7,675 0.28% 5,221
FHLB 2,025,000 12/8/2023 2.930% 1 74,762 2.72% 50,446
FNMA 3,500,000 1/7/2025 2.920% 2 72,713 0.85% 27,257
FHLMC 640,000 2/12/2025 2.890% 3 19,260 1.18% 6,939
FHLB 2,370,000 4/14/2025 2.930% 3 38,553 0.60% 13,033
FNMA 3,195,000 4/22/2025 2.900% 3 58,152 0.67% 19,501
FNMA 475,000 4/22/2025 2.900% 3 7,693 0.59% 2,580
FNMA 3,345,000 4/22/2025 2.900% 3 55,665 0.61% 18,667
FNMA 1,910,000 4/22/2025 2.900% 3 27,030 0.52% 9,064
FNMA 3,675,000 6/17/2025 2.890% 3 57,416 0.54% 18,229
FNMA 200,000 6/17/2025 2.890% 3 2,445 0.42% 776
FNMA 1,075,000 6/17/2025 2.890% 3 12,367 0.40% 3,927
FNMA 3,820,000 6/17/2025 2.890% 3 44,939 0.41% 14,268
FNMA 1,190,000 6/17/2025 2.890% 3 12,428 0.36% 3,946
FHLMC 2,220,000 7/21/2025 2.880% 3 31,442 0.48% 9,670
FNMA 2,360,000 8/25/2025 2.910% 3 34,060 0.47% 10,148
FNMA 550,000 8/25/2025 2.910% 3 7,428 0.44% 2,213
FNMA 450,000 8/25/2025 2.910% 3 6,803 0.49% 2,027
FHLMC 3,400,000 9/23/2025 2.910% 3 46,705 0.44% 13,565
FHLMC 130,000 9/23/2025 2.910% 3 1,645 0.40% 478
FNMA 2,215,000 11/7/2025 2.890% 3 41,548 0.57% 11,613
FNMA 2,040,000 11/7/2025 2.890% 3 33,914 0.51% 9,479
Federal Agency CMO
FHLMC 154,112 8/1/2022 2.300% 0 8 2.90% 4,084
FNMA 911,540 3/1/2024 3.750% 2 30,887 2.14% 17,817
FHLMC 31,804 7/1/2024 2.840% 2 1,278 2.09% 609
U.S. Treasury
U.S. Treasury 4,355,000 5/31/2023 2.990% 1 73,146 2.12% 84,422 U.S. Treasury 5,100,000 6/30/2023 3.010% 1 119,661 2.56% 119,661 U.S. Treasury 3,155,000 7/31/2023 2.990% 1 76,954 2.44% 70,418 U.S. Treasury 5,625,000 7/31/2023 2.990% 1 128,438 2.28% 117,530 U.S. Treasury 1,750,000 8/31/2023 2.980% 1 33,193 1.75% 27,996 U.S. Treasury 4,395,000 9/15/2023 2.980% 1 110,611 2.24% 89,888 U.S. Treasury 2,700,000 9/30/2023 3.010% 1 71,084 2.26% 55,732 U.S. Treasury 3,910,000 11/15/2023 2.950% 1 12,952 0.26% 9,166 U.S. Treasury 8,790,000 11/15/2023 2.950% 1 286,372 2.52% 202,645 U.S. Treasury 3,275,000 11/30/2023 2.950% 1 109,935 2.52% 75,397 U.S. Treasury 4,430,000 12/15/2023 2.980% 1 146,713 2.41% 97,614 U.S. Treasury 270,000 12/31/2023 2.950% 1 9,810 2.56% 6,325 U.S. Treasury 1,564,000 2/29/2024 2.950% 2 8,547 0.35% 4,939 U.S. Treasury 457,000 2/29/2024 2.950% 2 2,422 0.33% 1,399 U.S. Treasury 4,450,000 3/15/2024 2.960% 2 179,688 2.49% 101,207 U.S. Treasury 4,890,000 4/15/2024 2.950% 2 29,240 0.35% 15,651 U.S. Treasury 4,485,000 6/15/2024 2.920% 2 218,126 2.59% 106,356 U.S. Treasury 2,450,000 7/31/2024 2.930% 2 87,755 1.79% 40,096 U.S. Treasury 1,630,000 8/31/2024 2.920% 2 45,475 1.34% 19,933 U.S. Treasury 4,505,000 9/15/2024 2.910% 2 254,300 2.65% 109,313 U.S. Treasury 1,850,000 9/30/2024 2.890% 2 60,270 1.50% 25,417 U.S. Treasury 460,000 10/31/2024 2.890% 2 16,240 1.57% 6,591 U.S. Treasury 1,215,000 11/30/2024 2.910% 2 48,093 1.69% 18,831 U.S. Treasury 3,450,000 11/30/2024 2.910% 2 131,475 1.63% 51,480 U.S. Treasury 4,585,000 11/30/2024 2.910% 2 53,948 0.50% 21,124 U.S. Treasury 4,445,000 12/15/2024 2.880% 2 283,773 2.68% 109,194 U.S. Treasury 4,400,000 2/15/2025 2.890% 3 303,171 2.70% 108,881 U.S. Treasury 4,945,000 4/30/2025 2.860% 3 86,038 0.63% 28,622 U.S. Treasury 4,230,000 6/30/2025 2.830% 3 337,282 2.73% 105,777 U.S. Treasury 4,340,000 8/31/2025 2.850% 3 70,748 0.53% 20,967 U.S. Treasury 4,635,000 8/31/2025 2.850% 3 392,285 2.74% 116,259 U.S. Treasury 4,550,000 9/30/2025 2.840% 3 96,680 0.67% 27,909 U.S. Treasury 1,100,000 9/30/2025 2.840% 3 28,037 0.80% 8,094 U.S. Treasury 5,010,000 10/31/2025 2.830% 3 126,047 0.77% 35,437 U.S. Treasury 6,930,000 10/31/2025 2.830% 3 175,881 0.78% 49,448 U.S. Treasury 4,250,000 11/30/2025 2.810% 3 151,061 1.07% 41,424 U.S. Treasury 4,635,000 11/30/2025 2.810% 3 425,902 2.75% 116,791 U.S. Treasury 1,040,000 12/31/2025 2.820% 3 16,145 0.45% 4,317 U.S. Treasury 500,000 12/31/2025 2.820% 3 7,395 0.43% 1,978 U.S. Treasury 3,735,000 12/31/2025 2.820% 3 113,463 0.89% 30,342 U.S. Treasury 2,400,000 1/31/2026 2.810% 4 67,710 0.80% 17,668 U.S. Treasury 5,775,000 1/31/2026 2.810% 4 257,692 1.27% 67,241 U.S. Treasury 5,000,000 1/31/2026 2.810% 4 325,117 1.85% 84,835 U.S. Treasury 7,980,000 1/31/2026 2.810% 4 825,534 2.95% 215,413 U.S. Treasury 3,210,000 2/28/2026 2.800% 4 80,789 0.70% 20,630 U.S. Treasury 6,000,000 2/28/2026 2.810% 4 248,294 1.15% 63,402 U.S. Treasury 4,645,000 2/28/2026 2.810% 4 459,100 2.76% 117,232 U.S. Treasury 4,925,000 3/31/2026 2.800% 4 157,096 0.87% 39,186 U.S. Treasury 2,480,000 3/31/2026 2.800% 4 69,027 0.76% 17,218 U.S. Treasury 1,405,000 5/31/2026 2.790% 4 46,797 0.87% 11,164 U.S. Treasury 4,615,000 5/31/2026 2.790% 4 488,739 2.76% 116,599 U.S. Treasury 4,800,000 5/31/2026 2.790% 4 550,932 2.99% 131,437 U.S. Treasury 4,640,000 8/31/2026 2.760% 4 521,611 2.75% 116,768 U.S. Treasury 4,310,000 9/30/2026 2.760% 4 497,455 2.77% 109,166 U.S. Treasury 4,545,000 11/15/2026 2.770% 4 587,478 3.01% 125,139 U.S. Treasury 9,220,000 2/15/2027 2.760% 5 1,196,145 2.85% 240,670 July 31, 2022
Earnings to
Maturity
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Attachment 4
City of Modesto - Portfolio Holdings and Earnings Projections Issuer Par Maturity Date Current Yield
Years to
Maturity
Expected Earnings
Rate to June 30, 2023
Expected Earnings to
June 30, 2023
July 31, 2022
Earnings to
Maturity
Commercial Paper
LMA Americas LLC 10,000,000 8/1/2022 7.780% 0 343 2.89% 264,866 Collat Commercial Paper Flex Co 10,000,000 9/12/2022 2.760% 0 19,300 2.79% 254,877 Starbird Funding Corp 10,000,000 9/19/2022 2.600% 0 22,033 2.76% 252,751 Mitsubishi Ufj Financial Group Inc 10,000,000 9/23/2022 2.530% 0 31,399 2.83% 259,339 Negotiable CD
Barclays PLC 2,750,000 2/1/2023 3.610% 1 14,635 1.99% 49,961 Credit Suisse Group 1,850,000 3/17/2023 3.610% 1 6,801 1.39% 23,549 Corporate Note
Toyota Motor Corp 2,230,000 9/20/2023 3.150% 1 92,794 3.65% 74,503 US Bancorp 2,860,000 2/5/2024 3.280% 2 98,491 2.27% 59,379 Bank Of America Co 2,010,000 3/5/2024 3.660% 2 50,441 1.57% 28,897 Pfizer Inc 3,445,000 3/15/2024 2.950% 2 150,492 2.69% 84,763 Amazon.Com Inc 1,590,000 5/12/2024 3.070% 2 14,154 0.50% 7,262 JPMorgan Chase & Co 1,320,000 5/13/2024 3.200% 2 15,258 0.65% 7,816 Wal-Mart Stores Inc 4,000,000 7/8/2024 3.050% 2 169,627 2.19% 80,022 JPMorgan Chase & Co 1,405,000 9/16/2024 2.430% 2 19,556 0.65% 8,395 Paccar Financial Corp 1,810,000 2/6/2025 3.410% 3 66,132 1.45% 23,983 Novartis Capital Corp 2,290,000 2/14/2025 2.780% 3 53,746 0.92% 19,323 Mastercard Inc 1,760,000 3/3/2025 3.090% 3 49,097 1.08% 17,335 Amazon.Com Inc 3,430,000 4/13/2025 2.900% 3 283,435 3.06% 95,914 JPMorgan Chase & Co 865,000 6/1/2025 3.000% 3 20,231 0.82% 6,522 Bristol-Myers Squibb Co 2,230,000 11/13/2025 3.070% 3 69,710 0.95% 19,387 The Bank Of New York Mellon Corporation 3,465,000 1/28/2026 3.400% 3 90,324 0.75% 23,624 Bank Of America Co 2,025,000 4/2/2026 4.050% 4 251,746 3.38% 62,702 Microsoft Corp 3,000,000 8/8/2026 2.970% 4 258,188 2.14% 58,703 Target Corp 365,000 1/15/2027 3.160% 4 32,354 1.99% 6,634 Asset-Backed Securities
Honda Auto Receivables 68,281 6/21/2023 2.560% 1 1,533 2.54% 1,586 Toyota Motor Corp 82,055 7/15/2023 2.910% 1 2,287 2.91% 2,188 Nissan Auto Receivables 51,483 10/15/2023 2.900% 1 1,806 2.90% 1,368 Capital One Prime Auto Receivables 29,003 11/15/2023 2.570% 1 943 2.51% 667 Nissan Auto Receivables 146,595 11/15/2023 2.590% 1 4,749 2.51% 3,361 Carmax Auto Owner Trust 118,441 3/15/2024 2.720% 2 5,161 2.68% 2,907 Honda Auto Receivables 575,653 4/22/2024 2.020% 2 16,070 1.61% 8,506 Toyota Motor Corp 732,381 5/15/2024 2.050% 2 21,807 1.66% 11,137 Carmax Auto Owner Trust 438,170 12/16/2024 2.260% 2 19,760 1.89% 7,595 Honda Auto Receivables 650,000 4/21/2025 1.130% 3 4,792 0.27% 1,609 Hyundai Auto Receivables 510,000 9/15/2025 1.360% 3 6,102 0.38% 1,785 Carmax Auto Owner Trust 382,929 12/15/2025 1.120% 3 4,451 0.34% 1,206 Toyota Motor Corp 980,000 1/15/2026 1.820% 3 14,657 0.43% 3,873 Carmax Auto Owner Trust 770,000 2/17/2026 1.370% 4 14,350 0.52% 3,695 Hyundai Auto Receivables 465,000 5/15/2026 1.900% 4 13,137 0.75% 3,170 Discover Card Execution Note Trust 775,000 9/15/2026 2.070% 4 18,699 0.58% 4,144 Municipal Securities
California St 2,310,000 10/1/2023 3.410% 1 50,547 1.87% 39,538 Maryland St 620,000 8/1/2024 3.030% 2 6,430 0.52% 2,934 California State University 600,000 11/1/2024 3.400% 2 9,278 0.68% 3,761 State Of California 100,000 12/1/2024 3.450% 2 1,310 0.56% 512 University Of California 510,000 5/15/2025 3.550% 3 12,573 0.88% 4,121 University Of California 220,000 5/15/2025 3.550% 3 4,953 0.81% 1,624 Florida State Board of Administration Finance 1,295,000 7/1/2025 3.340% 3 47,583 1.26% 14,909 Florida State Board of Administration Finance 505,000 7/1/2025 3.340% 3 16,315 1.11% 5,112 Los Angeles Community College District 925,000 8/1/2025 3.620% 3 21,491 0.77% 6,543 New Jersey Turnpike Authority 505,000 1/1/2026 3.630% 3 18,108 1.05% 4,838 Supranational Securities
Intl Bank Of Reconstruction And Dev 1,790,000 11/24/2023 2.950% 1 7,597 0.32% 5,275 Inter-American Development Bank 4,095,000 9/23/2024 3.030% 2 46,228 0.52% 19,669 Overnight Investments 46,186,072 Varies Varies 2.82% 1,190,715 Totals (Main Portfolio) 445,739,518 14,866,104 1.89% 7,718,464 Notes:
1. Earnings projections are based on stated par value, future market expectations and current investment positions.
2. Earnings on overnight investments are based on the investment balances and the Fed Funds Futures rates.
3. Callable securities priced above par are considered to be called on their next call date. #9..
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Attachment 5
Issue Name / Type Trustee Bank Investment Total Amount
1993 Community Center Refinancing U.S. Bank First American Treasury Obligation Fund $1,978,243.96 1993 Golf Course Refinancing U.S. Bank First American Treasury Obligation Fund $603,514.26 Instl Res Tre and Agny Cash Adv6541 $412,108.37
Financial Guaranty Insurance Pol $1.00
CAMP $1,935,377.55
Total $2,347,486.92
Instl Res Tre and Agny Cash Adv6541 $415,630.21
Cash $30,124.95
CAMP $4,806,006.43
Total $5,251,761.59
2018 Wastewater Refunding Bank of New York Fidelity Inv MM Trsy Only $15.64 Fairview Village Refunding US Bank First American Government $195,301.54 Blackrock Federal Fund Instl 30 $4,514.29
CAMP $2,741,206.43
Total $2,745,720.72
PCE Litigation Bank of America Business Interest Maximizer $491,960.71 Water ARRA Grants Bank of the West Business Money Market $36,289.42 Other Post Employment Benefits Section
115 Trust PARS HighMark Plus Moderate $1,406,094.44
Pension Section 115 Trust PARS HighMark Plus Moderately Conservative $2,508,690.96 Innovative Claim Solutions (Third Party
Administrator - Worker's Compensation) Wells Fargo Bank Business Money Market $157,952.85 George Hills Company - General Liability
Claims Administration Services California Bank & Trust $11,038.49 Kemper Sports Management Inc. BMO Harris Bank Business Money Market $27,285.74 Stanislaus Community Foundation Modesto Commerce Bank Charles Schwab $738,048.59 California Bank of
Commerce $3,229,539.70
Columbia Bank $58,818.44
Banner Bank $19,282.55
Village One #2 Refunding Bank of New York
Third-Party Construction Contract
Retention
Cash with Fiscal Agent Investments
As of July 31, 2022
2008 Water Refunding COP Bank of New York
2008 Lease Revenue Bonds Bank of New York
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.
0000000000000000000000000000000000000000000000
CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
December 6, 2022
Date: November 10, 2022
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: DeAnna Christensen, Director of Finance
SUBJECT: Purchase Agreement for Concrete Boxes, Covers, Valves, and Fittings CONTACT: Cynthia Kline, Purchasing Manager, [email protected], 209-577-5412 DESCRIPTION:
Consider approving a Purchasing Agreements for Concrete Boxes, Covers, Valves and Fittings to Ferguson Waterworks, Modesto CA, Iconix Waterworks, McClellan CA, and to American AVK, Minden, NV for a total amount not to exceed $3,825,000 over five years. (Funding Source:
Water and Wastewater Funds)
STRATEGIC PLAN ELEMENT:
This item supports the City of Modesto 2020-2025 Strategic Plan focus of Governance and Service Delivery under Goal H: Achieve Financial Sustainability.
BACKGROUND:
The Water Services and Wastewater Divisions, utilize concrete boxes, covers, valves, hydrants and cast/ductile iron fittings throughout Modesto and the outlying areas included in the City’s regional water systems. The outlying areas include Salida, Del Rio, parts of Ceres, parts of Turlock, Grayson, Empire and other County areas just outside the City limits.
Using a competitive bidding process provides the departments greater efficiency in placing orders, tracking expenditures, economy of scale purchasing, maintaining stock in the city store locations, and general oversight of the Agreements.
On December 12, 2017, by Resolution No. 2017-520, Council approved an Agreement, not to exceed $4,500,000, over five years, with Ferguson Waterworks to provide concrete boxes, covers, valves and fittings.
DISCUSSION:
The City Manager authorized the Purchasing Manager to issue formal Request for Bids (RFB) for the furnishing of purchase of concrete boxes, covers, valves, hydrants and fittings. #10..
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City Council, December 6, 2022
Purchase Agreement for Concrete Boxes, Covers, Valves and Fittings
On July 20, 2022, the Purchasing Division issued RFB No. 2122-48 for the purchase of concrete boxes, covers, valves, hydrants and fittings on the City’s website. Prospective bidders were notified online of the bid opportunity. Eighteen (18) prospective bidders chose to download the RFB document.
On August 30, 2022 bids were formally opened in the City Clerk’s office. Four (4) companies chose to respond. All companies provided responsive and responsible bids. Only one (1) was a local vendor.
Due to market volatility, thirty-eight (38) items were only bid as ninety (90) day pricing.
Therefore, to ensure competitive pricing and sufficient availability of parts, staff recommends awarding these thirty-eight (38) items to the two lowest responsive and responsible bidders.
Staff will obtain pricing for these items as needed, within each ninety (90) day period to ensure the City orders from the lowest vendor. Additionally, Ferguson Waterworks has agreed to match low bid on 148 of the items, which complies with Modesto Municipal Code 8-
3.206 Support of Local Vendors. Staff also recommends the award of bid to a third vendor, American AVK based on the estimated annual cost savings of $87,975, and $439,875 over five years based on them being the lowest bid on several items.
Based on providing responsive and responsible bids, staff recommends the award of bids for the purchase of concrete boxes, covers, valves, hydrants and fittings to three vendors with the overall lowest responsive and responsible bids to Ferguson Waterworks, Modesto Ca, Iconix Waterworks, McClellan CA, and American AVK, Minden, NV for a (1) one–year Agreement with (4) four one-year extension options, for a total estimated annual cost not to exceed $765,000 and $3,825,000 over five years.
Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $50,000 for material, equipment or contractual services to be formally bid. The award of bid for the purchase of concrete boxes, covers, valves, hydrants and fittings to Ferguson Waterworks, Modesto, CA, Iconix Waterworks, McClellan, CA and American AVK, Minden NV conforms to the Modesto Municipal Code because the City complied with the formal bid procedures, and all three vendors were the lowest responsive and responsible bidders.
FISCAL IMPACT:
The previous annual spend is indicated in the table below:
Year 1 2 3 4 5
Date Range 12/12/2017-
12/11/2018
12/12/2018-
12/11/2019
12/12/2019-
12/11/2020
12/12/2020-
12/11/2021
12/12/2021-
12/11/2022
5 YR
SPEND
TO DATE
Annual Spend $505,263 $367,123 $415,238 $571,990 $584,040 $2,443,654 With current pricing per RFB No. 2122-48 and accounting for potential Producer Price Index (PPI) increases over the next five years, staff estimates an annual cost not to exceed $765,000 among all three vendors, and not to exceed $3,825,000 over five years. Funds are allocated across the following accounts:
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City Council, December 6, 2022
Purchase Agreement for Concrete Boxes, Covers, Valves and Fittings
FUND ACCOUNT
NUMBER
BUDGETED
AMOUNT
Wastewater 4210-44211-53150 $35,000
4480-44222-53150 $35,000
Water 4100-45020-53150 $62,750
4100-45040-53150 $444,000
4100-45050-53150 $62,750
4100-45055-53150 $62,750
4100-45060-53150 $62,750
ANNUAL TOTAL NOT TO EXCEED $765,000
FIVE (5) YEAR TOTAL NOT TO EXCEED $3,825,000
COMMITTEE RECOMMENDATION:
This item was previously heard by Finance Committee on November 9, 2022 and was recommended to forward to Council for approval.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution approving the Award of Bid and Purchasing Agreements for Concrete Boxes, Covers, Valves, Hydrants and Fittings to Ferguson Waterworks, Modesto CA, Iconix Waterworks, McClellan CA, and American AVK, Minden, NV for a one–year Agreement with four one-year extension options, for a total estimated annual amount not to exceed $765,000, and a total amount not to exceed $3,825,000 over five years; and authorizing the Director of Finance, or her designee to execute the Purchasing Agreements.
Approved by:
DeAnna Christensen, Director of Finance
Joseph P. Lopez, City Manager
Attachments:
1. Resolution
2. Bid Submittal - Ferguson Waterworks
3. Bid Submittal - Iconix Waterworks
4. Bid Submittal - American AVK
5. Agreement - Ferguson Waterworks
6. Agreement - Iconix Waterworks
7. Agreement - American AVK
8. Financial Interest Disclosure – Ferguson Waterworks
9. Financial Interest Disclosure – Iconix Waterworks
10. Financial Interest Disclosure – American AVK
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City Council, December 6, 2022
Purchase Agreement for Concrete Boxes, Covers, Valves and Fittings
11. Cost Abstract
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1 MODESTO CITY COUNCIL
RESOLUTION NO. 2022-
RESOLUTION APPROVING THE AWARD OF BID AND PURCHASING
AGREEMENTS FOR CONCRETE BOXES, COVERS, VALVES, HYDRANTS
AND FITTINGS TO FERGUSON WATERWORKS, MODESTO, CA, ICONIX
WATERWORKS, MCCLELLAN, CA, AND AMERICAN AVK, MINDEN, NV
FOR A ONE-YEAR AGREEMENT WITH FOUR ONE-YEAR EXTENSION
OPTIONS, FOR A TOTAL ESTIMATED ANNUAL AMOUNT NOT TO EXCEED $765,000, AND A TOTAL AMOUNT NOT TO EXCEED $3,825,000 OVER FIVE
YEARS, AND AUTHORIZING THE DIRECTOR OF FINANCE, OR HER
DESIGNEE TO EXECUTE THE PURCHASING AGREEMENTS
WHEREAS, the City Manager authorized the Purchasing Manager to issue formal Request for Bids (RFB) for purchase of concrete boxes, covers, valves, hydrants and fittings, and
WHEREAS, on July 20, 2022, the Purchasing Division issued RFB No. 2122-48 for the purchase of concrete boxes, covers, valves, hydrants and fittings on the City’s website, and
WHEREAS, (18) eighteen prospective bidders chose to download the RFB document, and
WHEREAS, on August 30, 2022, bids were formally opened in the City Clerk’s Office, and
WHEREAS, four companies chose to respond, with all bidders providing responsive and responsible bids, one of which is a local vendor, and WHEREAS, due to market volatility, thirty-eight (38) items were bid as ninety (90) day pricing, and
WHEREAS, staff will obtain pricing for these items as needed, within each ninety (90) day period, ensuring the City orders from the lowest vendor, and #10..
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2 WHEREAS, based on providing lowest responsive and responsible bids, City staff recommends the award of bids for the purchase of concrete boxes, covers, valves, hydrants and fittings to Ferguson Waterworks, Modesto, CA, Iconix Waterworks, McClellan, CA, and to American AVK, Minden, NV for a (1) one-year purchasing agreement with (4) four (1) one-year extension options, for an annual cost not to exceed $765,000 and an amount not to exceed $3,825,000 over five years, and
WHEREAS, as shown in the attached cost abstract, the highlighted portions indicate the low bidders. In addition, local vendor Ferguson Waterworks has agreed to match low bid on 148 of the items that complies with Modesto Municipal Code 8-3.206 Support of Local Vendors, and
WHEREAS, Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $50,000 for material, equipment or contractual services to be formally bid. The award of bids for the purchase of concrete boxes, covers, valves, hydrants and fittings to Ferguson Waterworks, Modesto, CA, Iconix Waterworks, McClellan CA, and American AVK, Minden, NV conforms to the Modesto Municipal Code, and
WHEREAS, expenditures for the prior 5-year agreement totaled $2,443,654. With current pricing per RFB No. 2122-48 and accounting for potential producer price index (PPI) increases over the next five years, staff estimates an annual cost not to exceed $765,000 among all three vendors, and not to exceed $3,825,000 over five years.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Modesto that it hereby approves the purchase agreements for concrete boxes, covers, valves, hydrants and fittings to Ferguson Waterworks, Modesto, CA, Iconix Waterworks, #10..
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3 McClellan CA, and American AVK, Minden, NV for a one-year agreement with four oneyear extension options, for a total estimated annual amount not to exceed $765,000 and a total amount not to exceed $3,825,000 over five years, and BE IT FURTHER RESOLVED that the Director of Finance is authorized to determine the amount of the agreement with each vendor, subject to the total not to exceed amount specified in this Resolution, and
BE IT FURTHER RESOLVED that the Director of Finance, or her designee, is hereby authorized to execute the Purchasing Agreements.
The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 6th day of December, 2022, by Councilmember _________, who moved its adoption, which motion being duly seconded by Councilmember ___________, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
ATTEST: _____________________________
DIANE NAYARES-PEREZ, CMC, City Clerk
(SEAL)
APPROVED AS TO FORM:
By: __________________________________
JOSE M. SANCHEZ, City Attorney
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CITY OF MODESTO
PURCHASING DIVISION
1010 TENTH ST., SUITE 5300
MODESTO, CA 95354
TEL: (209) 577-5405 FAX: (209) 544-8821
ANNUAL AGREEMENT NO. 233560
VENDOR:
FERGUSON WATERWORKS
1600 LONE PALM AVE
MODESTO, CA 95351
SHIP TO:
CITYWIDE DIVISIONS
P.O. BOX 642
MODESTO, CA 95353
INVOICE TO:
CITY OF MODESTO
ACCOUNTS PAYABLE
P.O. BOX 642
MODESTO, CA 95353
ANNUAL AGREEMENT FOR THE PURCHASE OF CONCRETE BOXES, COVERS, VALVES, HYDRANTS AND FITTINGS ON AN “AS NEEDED” BASIS FOR THE CITY OF MODESTO WATER, WASTEWATER AND STORES DIVISION.
THE TERMS AND CONDITIONS OF RFB 2122-48 ARE AN INTEGRAL PART OF THIS AGREEMENT. ANNUAL AMOUNT NOT TO EXCEED $365,000 PER COUNCIL RESOLUTION 2022-_______
1. TERM OF THE CONTRACT: THE TERM OF THE CONTRACT SHALL BE FOR A PERIOD OF ONE YEAR WITH FOUR (1) ONE-YEAR EXTENSION OPTIONS AT THE SOLE DISCRETION OF CITY, FOR A TOTAL OF UP TO FIVE (5) YEARS.
YEAR ONE: DECEMBER 7, 2022, THROUGH DECEMBER 6, 2023
YEAR TWO: DECEMBER 7, 2023, THROUGH DECEMBER 6, 2024
YEAR THREE: DECEMBER 7, 2024, THROUGH DECEMBER 6, 2025
YEAR FOUR: DECEMBER 7, 2025, THROUGH DECEMBER 6, 2026
YEAR FIVE: DECEMBER 7, 2026, THROUGH DECEMBER 6, 2027
2. PRICING SHALL REMAIN FIRM FOR EACH CONTRACT YEAR, WITH THE EXCEPTION OF ITEMS 1-39 IN WHICH PRICING WILL BE OBTAINED EVERY 90 DAYS (AS NEEDED) AND AWARDED TO THE LOWEST BIDDER.
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PRICE INCREASES FOR SUBSEQUENT CONTRACT YEARS THREE, FOUR, AND FIVE, SHALL NOT EXCEED
THE PRODUCER PRICE INDEX (PPI) IN ANY ONE CONTRACT YEAR, AND SHALL BE NEGOTIATED THROUGH THE PURCHASING DIVISION. REQUESTS FOR PRICE INCREASES SHALL BE SUBMITTED BY CONTRACTOR IN WRITING, SIXTY (60) DAYS PRIOR TO THE ANNUAL ANNIVERSARY DATE OF THE CONTRACT TO BE EFFECTIVE FOR THE SUBSEQUENT YEAR.
REFER TO ATTACHMENT “A” FOR CONTRACTUAL PRICING
4. USAGE: CONTRACTOR SHALL PROVIDE WHATEVER QUANTITIES MAY BE REQUIRED DURING THE CONTRACT TERM. NO MINIMUM OR MAXIMUM QUANTITIES ARE GUARANTEED OR IMPLIED.
5. PAYMENT: ALL INVOICES SHALL BE PAID IN FULL WITHIN THIRTY (30) DAYS AFTER COMPLETION
AND ACCEPTANCE OF THE SERVICE BY THE CITY, AND RECEIPT OF A PROPERLY PREPARED INVOICE IN DUPLICATE, SUBJECT TO CASH DISCOUNTS ALLOWED AND STATED IN THE BID DOCUMENT.
6. INVOICING: INVOICE SHALL REFERENCE AGREEMENT NO. 233560. THE INVOICE SHALL INCLUDE THE FIRST AND LAST NAME OF THE PERSON REQUESTING THE SERVICE. ALL INVOICES SHALL BE EMAILED DIRECTLY TO ACCOUNTS PAYABLE AT [email protected]
7. CONTRACTUAL CHANGES: CHANGES OF A CONTRACTUAL OR BUSINESS NATURE SHALL BE
EFFECTED ONLY BY WRITTEN CHANGE TO THIS AGREEMENT THROUGH THE CITY OF MODESTO, PURCHASING DIVISION.
8. CITYWIDE USAGE: VENDOR SHALL AFFORD SAME PRICING FOR WALK-IN ORDERS VERSUS ORDERS SHIPPED DIRECTLY TO SITE LOCATIONS. NO EXCEPTIONS.
9. TERMINATION OF SERVICES: THE CITY RESERVES THE RIGHT TO DISCONTINUE SERVICES WITH THE
PROVIDER UPON FAILURE TO MEET CONTRACTUAL EXPECTATIONS AND/OR OBLIGATIONS, AS RECOMMENDED BY THE SITE SUPERVISOR OR HIS/HER AGENT.
THE CITY RESERVES THE RIGHT TO REVIEW THE SERVICE PROVIDERS’ PERFORMANCE AT ANY TIME WITH OR WITHOUT THE KNOWLEDGE OR CONSENT OF THE PROVIDER.
CANCELLATION OF SERVICES SHALL BE DETERMINED BY THE COLLABORATIVE EFFORTS OF THE
PURCHASING MANAGER, OR HIS DESIGNEE, AND USING DEPARTMENT AFTER REVIEWING THE INCIDENT(S) OF FAILURE TO PERFORM. EITHER PARTY MAY TERMINATE THE CONTRACT IN ITS UNILATERAL DISCRETION FOR ANY OR NO REASON BY PROVIDING AT LEAST THIRTY (30) DAYS WRITTEN NOTICE TO THE OTHER OF ITS DESIRE TO TERMINATE.
10. INSPECTION: ALL MATERIALS AND WORKMANSHIP ARE SUBJECT TO INSPECTION AND TEST BY THE
CITY FOR COMPLIANCE WITH SPECIFICATIONS AS INCLUDED HEREIN, WITHIN A REASONABLE TIME AFTER DELIVERY. IN THE EVENT ARTICLES OR SERVICES ARE DEFECTIVE OR NOT IN CONFORMITY
WITH THIS ORDER, THE CITY SHALL HAVE THE RIGHTS TO EITHER REJECT THE ITEMS OR REQUIRE CORRECTION. DEFECTIVE ARTICLES OR SERVICES SHALL BE REMOVED FROM CITY PREMISES AND/OR CORRECTED BY AND AT THE EXPENSE OF THE VENDOR. FAILURE TO INSPECT AND ACCEPT
OR REJECT SHALL NOT RELIEVE THE VENDOR FROM RESPONSIBILITY FOR COMPLIANCE WITH SPECIFICATIONS. FINAL ACCEPTANCE SHALL BE CONCLUSIVE EXCEPT AS REGARDS TO LATENT DEFECTS, FRAUD, OR SUCH GROSS MISTAKES AS AMOUNT TO FRAUD.
11. RESPONSIBILITY: UNLESS OTHERWISE SPECIFIED, THE VENDOR SHALL BE RESPONSIBLE FOR ALL
ITEMS COVERED BY THIS PURCHASE ORDER UNTIL DELIVERED AT THE DESIGNATED DELIVERY
POINT AND THE VENDOR SHALL BEAR ALL RISKS AS TO ITEMS REJECTED OR REQUIRING CORRECTION AFTER NOTICE OF SUCH REJECTION OR CORRECTION IS GIVEN.
12. SHIPMENT: ALL ITEMS F.O.B. DESTINATION UNLESS OTHERWISE SPECIFIED. WHEN AUTHORIZED, FREIGHT TO BE PREPAID. DO NOT SHIP COLLECT. ORIGINAL RECEIPTED FREIGHT BILL MUST ACCOMPANY THE INVOICE. SHIPMENT MUST BE MADE WITHIN THE TIME STATED ON PURCHASE
ORDER, FAILING WHICH CITY RESERVES THE RIGHT TO PURCHASE ELSEWHERE AND CHARGE #10..
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VENDOR WITH ANY LOSS INCURRED, UNLESS DELAY IN MAKING SHIPMENT IS DUE TO
UNFORESEEABLE CAUSES BEYOND THE CONTROL AND WITHOUT THE FAULT OR NEGLIGENCE OF THE VENDOR.
13. CHANGES: THIS PURCHASE ORDER MAY AT ANY TIME, BY WRITTEN ORDER, BE CHANGED IN REGARD
TO THE MATERIALS OR SERVICE TO BE FURNISHED, QUANTITIES ORDERED, UNIT PRICE, DISCOUNT, DELIVERY POINT OR ARRANGEMENTS, TERMS OR ANY OTHER MATTERS AFFECTING A VALID ORDER.
IN THE EVENT SUCH CHANGE CAUSES AN INCREASE OR DECREASE IN THE COST OF PERFORMANCE
HEREUNDER, AND EQUITABLE ADJUSTMENT WILL BE MADE FOR THE COST THEREOF, SUBJECT TO THE APPROVAL OF THE PURCHASING MANAGER, AND WRITTEN NOTICE GIVEN THEREFORE.
14. WARRANTY: NOTWITHSTANDING ANY OTHER PROVISIONS OF THE ORDER, VENDOR WARRANTS
THAT THE MATERIALS, SUPPLIES OR OTHER SERVICES FURNISHED SHALL BE OF THE MOST SUITABLE GRADE AND EXACTLY AS SPECIFIED IN THIS ORDER. SUCH WARRANTY SHALL INCLUDE THE FOLLOWING:
15. PERFORMANCE, WORKMANSHIP, LABOR, MATERIALS, SELLER’S DESIGN OR ENGINEERING CONTRIBUTIONS. IF A DEFECT IS DISCOVERED IN ANY ITEM OF MATERIALS, SUPPLIES OR SERVICES
COVERED IN THIS AGREEMENT, VENDOR SHALL CORRECT AT ITS EXPENSE, INCLUDING
TRANSPORTATION/FREIGHT, SUCH DEFECTS AS ARE REPORTED WITHIN ONE YEAR OF FINAL ACCEPTANCE. UPON EXPIRATION OF THE APPLICABLE WARRANTY PERIOD ALL SUCH LIABILITY
SHALL TERMINATE EXCEPT FOR FRAUD OR SUCH GROSS MISTAKES AS AMOUNT TO FRAUD, LATENT DEFECTS OR SPECIFIC FAILURE TO COMPLY WITH THE TERMS OF THIS ORDER.
16. DISCOUNT: IN CONNECTION WITH ANY DISCOUNT OFFERED, TIME WILL BE COMPUTED FROM DATE
OF DELIVERY TO CARRIER WHEN DELIVERY AND ACCEPTANCE ARE AT POINT OF ORIGIN, OR FROM
DATE OF DELIVERY AND ACCEPTANCE IF AT DESTINATION OR FROM DATE CORRECT INVOICE IS RECEIVED BY CITY, IF INVOICE DATE IS LATER THAN DATE OF DELIVERY.
17. INSURANCE: ALL ORDERS WHERE WORK, MAINTENANCE, OR SERVICE IS PERFORMED ON CITY PROPERTY REQUIRE APPROPRIATE INSURANCE AND INDEMNIFICATION. SERVICES WILL BE SUSPENDED WITHOUT PROPER INSURANCE CERTIFICATES BEING ON FILE WITH THE CITY. CONTACT CITY PURCHASING OFFICE TO VERIFY THE TYPE OF INSURANCE REQUIRED.
18. EXEMPTIONS: THE CITY IS EXEMPT FROM PAYMENT OF FEDERAL EXCISE TAX. ALL INVOICES SHALL BE EXCLUSIVE OF SUCH EXCISE TAX. IF PURCHASE IS NOT SUBJECT TO SALES TAX, THE STATEMENT FOR RESALE WILL APPEAR IN THE BODY OF THE PURCHASE ORDER.
19. INFRIGEMENT: VENDOR AGREES TO PROTECT, INDEMNIFY AND SAVE HARMLESS THE CITY AS
BUYER, ITS AGENTS, OFFICERS, EMPLOYEES, AND VOLUNTEERS FROM ANY CLAIM, LOSS OR DAMAGE
FROM INFRINGEMENT OF TRADEMARKS, PATENTS, COPYRIGHTS AND UNFAIR COMPETITION ACTION WITH RESPECT TO THIS AGREEMENT.
20. INDEMNITY: THE VENDOR SHALL HOLD THE CITY, ITS AGENTS, OFFICERS, EMPLOYEES, AND
VOLUNTEERS, HARMLESS FROM AND SAVE, DEFEND AND INDEMNIFY THEM AGAINST ANY AND ALL
CLAIMS, LOSSES, LIABILITIES, JUDGMENTS OR DAMAGES FROM EVERY CAUSE, INCLUDING BUT NOT
LIMITED TO INJURY TO PERSON OR PROPERTY OR WRONGFUL DEATH, INCLUDING REASONABLE
COSTS AND EXPENSES OF DEFENSE OF ANY JUDICIAL OR ADMINISTRATIVE ACTION, ARISING
DIRECTLY OR INDIRECTLY OUT OF ANY NEGLIGENT OR INTENTIONAL ACT OR OMISSION OF VENDOR,
OR ITS AGENTS, OFFICERS, EMPLOYEES, OR VOLUNTEERS RELATING TO OR DURING THE PERFORMANCE OF ITS OBLIGATIONS UNDER THIS AGREEMENT. VENDOR’S OBLIGATION TO DEFEND,
INDEMNIFY, AND HOLD THE CITY, ITS AGENTS, OFFICERS, AND EMPLOYEES HARMLESS UNDER THE
PROVISIONS OF THIS PARAGRAPH IS NOT LIMITED TO OR RESTRICTED BY ANY REQUIREMENT IN THIS #10..
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AGREEMENT FOR VENDOR TO PROCURE AND MAINTAIN A POLICY OF INSURANCE. IN THE
INDEMNITY CLAUSE CONTAINED HEREIN VENDOR AGREES TO DEFEND, INDEMNIFY AND HOLD CITY HARMLESS FROM THE NEGLIGENCE OF ITS EMPLOYEES, AMONG OTHER RISKS. WITH REFERENCE TO
THE FOREGOING, THE PARTIES AGREE THAT ALL RISK OF LOSS, INCLUDING BUT NOT LIMITED TO
DAMAGES, PROPERTY LOSSES AND DEFENSE OF THIRD PARTY SUITS, ARISING OUT OF OR RELATING TO THE OPERATION OF CITY OWNED VEHICLES BY VENDOR’S EMPLOYEES IS APPORTIONED TO VENDOR IN ACCORDANCE WITH THE PROVISIONS CONTAINED IN INDEMNITY.
21. GOVERNING LAW: THIS PURCHASE ORDER SHALL BE DEEMED MADE IN, GOVERNED BY, PERFORMED
IN, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, U.S.A., WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAWS, PROVISIONS OR PRINCIPLES.
22. LIABILITY: THE CITY SHALL NOT BE RESPONSIBLE FOR ANY DAMAGE THAT MAY ACCRUE BY REASON OF THE DEATH OR INJURY OF THE PERSON OF THE VENDOR’S OFFICERS, AGENTS,
EMPLOYEES, INVITEES, OR LICENSEES, OR BE SET UP AT ANY TIME BECAUSE OF PERSONAL INJURY
OR DAMAGE TO PROPERTY SUSTAINED BY ANY OTHER PERSON OR PERSONS, WHICH MAY HAVE
BEEN CAUSED OR CONTRIBUTED TO, APPROXIMATELY OR REMOTELY, BY REASON OF OR IN THE COURSE OF PERFORMANCE OF THE PURCHASE ORDER. THE VENDOR SHALL ASSUME FULL
RESPONSIBILITY FOR THE DEFENSE OF ANY CLAIMS ARISING UNDER THE PURCHASE ORDER AND THE
VENDOR SHALL SAVE, KEEP, AND BEAR HARMLESS THE CITY, ALL OFFICERS AND EMPLOYEES
THEREOF, FROM ALL DAMAGES, COSTS, OR EXPENSES BECAUSE OF PERSONAL INJURY OR PROPERTY DAMAGE BASED ON THE PERFORMANCE OF THIS PURCHASE ORDER OR ASSERTED AGAINST IT.
23. DISPUTES: ALL DISPUTES CONCERNING QUESTIONS OF FACT WHICH MAY ARISE UNDER THIS
PURCHASE ORDER, AND NOT DISPOSED OF BY MUTUAL CONSENT SHALL BE DECIDED BY THE PURCHASING MANAGER.
24. OFFER AND ACCEPTANCE: VENDOR REPRESENTS ITS ACCEPTANCE TO PROVIDE PRODUCTS AND/OR SERVICES AS FOLLOWS: CITY’S OFFER TO PURCHASE PRODUCTS AND/OR SERVICES IS EXPRESSLY CONDITIONED UPON VENDOR’S ASSENT TO THE TERMS AND CONDITIONS SET FORTH IN CITY’S PURCHASE ORDER DOCUMENTS, SPECIFICATIONS, SUPPORTING DATA, AND THESE ARTICLES.
VENDOR AGREES THAT VENDOR’S ORDER ACKNOWLEDGMENT TERMS AND CONDITIONS RECEIVED PRIOR TO, DURING, OR AFTER ORDER PLACEMENT BY CITY ARE HEREBY REJECTED. CITY PURCHASE ORDERS SIGNED BY THE CITY’S PURCHASING MANAGER OR HIS/HER DESIGNATED AGENT AND ISSUED TO VENDOR CONSTITUTE WRITTEN NOTIFICATION TO VENDOR OF CITY’S REJECTION OF ANY AND ALL VENDOR ORDER ACKNOWLEDGMENTS, COUNTER OFFERS AND CHANGES TO THE CITY’S TERMS AND CONDITIONS.
25. ASSIGNMENT: NEITHER THIS PURCHASE ORDER NOR ANY PORTION THEREOF SHALL BE
SUBCONTRACTED OR ASSIGNED WITHOUT THE WRITTEN CONSENT OF THE CITY IN EACH AND EVERY INSTANCE.
26. MISCELLANEOUS: TIME IS OF THE ESSENCE IN EACH AND EVERY PROVISION OF THIS PURCHASE ORDER/AGREEMENT.
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ATTACHMENT A
ANNUAL PURCHASE AGREEMENT NO. 233560
CONCRETE BOXES, COVERS, VALVES, HYDRANTS AND FITTINGS
CONTRACTUAL PRICE LIST
Line Items 1-38: Prices Subject to change every 90 days. Validate lowest price among awarded vendors LINE
ITEM
COM # DESCRIPTION UNIT PRICE
1 100000 BOX, FIBRELYTE FL8 BOX $ 44.80
2 100010 BOX, CONCRETE F08, 8 1/2" ROUND $ 20.90
3 100020 BOX, CONCRETE UTILITY B9 BOX $ 35.20
4 100040 BOX, CONCRETE UTILITY B12 BOX $ 36.60
5 100050 BOX, FIBERLYTE FL 12 BOX $ 118.30
6 100060 BOX, FIBRELYTE 12" FL30 BOX 12 $ 221.70
7 100080 BOX, CONCRETE ELECTRICAL N30 BOX $ 50.60
8 100100 BOX, FIBRELYTE 12" FL36 BOX 12 $ 192.90
9 100120 BOX, CONCRETE UTILITY B36 BOX $ 67.90
10 100180 BOX, CONCRETE VALVE TRAFFIC G5 BOX $ 42.80
11 101000 COVER, CAST IRON MARKED WATER F8C $ 28.60
12 101010 COVER, CAST IRON MARKED SEWER F8C $ 28.60
13 101020 COVER, CAST IRON MARKED WATER B9C $ 61.30
14 101021 COVER, FIBERLYTE W/CI READ LID MARKED WATER FL9D $ 82.60 15 101040 COVER, CAST IRON MARKED WATER B12C $ 50.90
16 101041 COVER, FIBERLYTE W/CI READ LID MARKED WATER FL12D $ 66.30 17 101080 COVER, FIBRELYTE, MARKED ELEC., TRAFFIC SIGNAL, ST. LIGHT, WATER FL30D & 101084
$ 118.30
18 101081 COVER, CONCRETE MARKED ELECTRIC, TRAFFIC SIGNAL, OR STREET LIGHT N30D
$ 47.30
19 101082 COVER, CONCRETE W/CI READ LID MARKED WATER B30G $ 65.70 20 101120 COVER, CONCRETE MARKED TRAFFIC SIGNAL B36D $ 66.50 21 101121 COVER, CONCRETE W/CI READ LID MARKED WATER B36G $ 81.60 22 101123 COVER, FIBRELYTE MARKED TRAFFIC SIGNAL OR WATER FL36D & 101124
$ 187.30
23 101180 COVER, CAST IRON TRAFFIC MARKED/ WATER/SEWER OR MONUMENT G5C
$ 32.20
24 103181 RING, GRADE CI (RISER) G5 1" W/BOLTS INSTALLED G5GR10 $ 45.40 #10..
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25 103182 RING, GRADE CI (RISER) G5 1 1/2" W/BOLTS INSTALLED G5GR15
$ 51.70
26 103183 RING, GRADE CI (RISER) G5 2" W/BOLTS INSTALLED G5GR20 $ 65.10 27 101200 COVER, FIBERLYTE W/CI READ LID MARKED WATER FL16D $ 84.20 28 101083 COVER, CHECKER, PLATE WITH READ LID, CHRISTY B30-61G $ 244.50 29 101122 COVER, CHECKER, PLATE WITH READ LID, CHRISTY B36-61G $ 298.60 30 101220 COVER, CAST IRON MARKED
WATER BES G5C BES ONLY NO SUB
$ 32.20
31 101370 COVER, PLASTIC, GREEN MARKED
"WATER" 15 1/2" X 10 3/16" NDS D1200SGWTRL
$ 24.60
32 101375 COVER, PLASTIC, GRN MKD "WTR MTR" CVR:19.75" X 13.25" LID: 7.5" X 4.5" CARSON 1220-5
$ 37.50
33 105000 GRATE ONLY, CAST IRON A109/C-2818-01 $ 212.00 34 105100 COVER, CI MANHOLE, W/ONE VENT HOLE TO BE MKD CITY OF
MODESTO SEWER OR STORM
$ 330.50
35 107100 ASSEMBLY, CI MANHOLE COVER TO BE MARKED: "CITY OF MODESTO" "SEWER" OR "STORM"
$ 639.00
36 NEW
ITEM
BOX, CI, ROUND, 10", WITHOUT FLANGE, BINGHAM & TAYLOR
MARK V, CUL10RHVY, NO SUB
$ 96.60
37 100022 BOX, CI, ROUND, 10", WITH FLANGE, BINGHAM & TAYLOR MARK V, CUL10RHVYF, NO SUB
$ 135.50
38 101022 COVER, CI, ROUND, 10", STANDARD WATER, BINGHAM & TAYLOR MARK V, CUL10LHVYW
$ 43.60
39 128100 KIT GRIP RING ACCESSORY 4"
C900 ROMAC ONLY NO SUB
$ 65.00
40 128110 KIT GRIP RING ACCESSORY 6"
C900 ROMAC ONLY NO SUB
$ 75.00
41 128120 KIT GRIP RING ACCESSORY 8"
C900 ROMAC ONLY NO SUB
$ 107.00
42 128130 KIT GRIP RING ACCESSORY 10"
C900 ROMAC ONLY NO SUB
$ 153.00
43 128140 KIT GRIP RING ACCESSORY 12"
C900 ROMAC ONLY NO SUB
$ 210.00
44 128200 GRIP RING 4" SDR $ 76.30
45 128210 GRIP RING 6" SDR $ 92.60
46 128220 GRIP RING 8" SDR $ 129.90
47 128230 GRIP RING 10" SDR $ 225.50
48 128240 ACCESSORY PACK GRIP RING 12" SDR $ 239.20
49 128300 MEGA LUG C900 16" $ 293.40
50 128310 MEGA LUG DUCTILE 16" $ 234.20
51 212000 CHECK VALVE HYDRANT BREAK OFF SP-CLP619 $ 1,925.00 #10..
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52 212005 CHECK VALVE HYDRANT REPAIR KIT, 6 HOLE CR1621360, LP619 $ 259.00 53 212010 CHECK VALVE HYDRANT FLOWGUARD S24 AVK $ 1,800.80 54 128500 ADAPTER DI MJ X F 4" X 4" 6" LONG $ 59.00
55 128510 ADAPTER DI MJ X F 6" X 6" 6" LONG $ 81.00
56 128520 ADAPTER DI MJ X F 8" X 8" 6" LONG $ 121.00
57 128530 ADAPTER DI MJ X F 10" X 10" 6" LONG $ 210.00
58 128540 ADAPTER DI MJ X F 12" X 12" 6" LONG $ 269.00
59 129220 BEND OFFSET DI MJ 4" X 12" $ 126.00
60 129240 BEND OFFSET DI MJ 4" X 18" $ 170.00
61 129260 BEND OFFSET DI MJ 4" X 24" $ 196.00
62 129320 BEND OFFSET DI MJ 6" X 12" $ 216.00
63 129340 BEND OFFSET DI MJ 6" X 18" $ 265.00
64 129360 BEND OFFSET DI MJ 6" X 24" $ 335.00
65 129520 BEND OFFSET DI MJ 8" X 12" $ 308.00
66 129540 BEND OFFSET DI MJ 8" X 18" $ 383.00
67 129560 BEND OFFSET DI MJ 8" X 24" $ 546.00
68 129620 BEND OFFSET DI MJ 10" X 12" $ 450.00
69 129640 BEND OFFSET DI MJ 10" X 18" $ 534.00
70 129660 BEND OFFSET DI MJ 10" X 24" $ 1,075.20
71 129720 BEND OFFSET DI MJ 12" X 12" $ 537.00
72 129740 BEND OFFSET DI MJ 12" X 18" $ 650.00
73 129760 BEND OFFSET DI MJ 12" X 24" $ 917.00
74 130010 CROSS FIG 4" $ 172.00
75 130020 CROSS FIG 6" $ 359.20
76 130030 CROSS FIG 8" $ 536.60
77 130040 CROSS FIG 10" $ 1,059.80
78 130050 CROSS FIG 12" $ 1,199.50
79 130090 CROSS DI FLG 10" X 8" $ 830.00
80 NEW
ITEM
CROSS DI FLG 12" X 8" $ 1,080.00
81 NEW
ITEM
CROSS DI FLG 12" X 10" $ 1,298.00
82 NEW
ITEM
CROSS DI FLG 16" X 16" X 12" X 12" $ 1,892.00
83 130300 BEND CI FLANGE X FLANGE 4" X 90° $ 113.00
84 130310 BEND CI FLANGE X FLANGE 6" X 90° $ 175.00
85 130320 BEND CI FLANGE X FLANGE 8" X 90° $ 286.00
86 130330 BEND CI FLANGE X FLANGE 10" X 90° $ 455.00
87 130340 BEND CI FLANGE X FLANGE 12" X 90° $ 592.00
88 130400 BEND DI MJ 11.25 4" $ 47.00
89 130410 BEND DI MJ 11.25 6" $ 78.00
90 130420 BEND DI MJ 11.25 8" $ 105.00
91 130430 BEND DI MJ 11.25 10" $ 174.60
92 130440 BEND DI MJ 11.25 12" $ 210.00
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93 130450 BEND DI MJ 22.50 4" $ 48.00
94 130460 BEND DI MJ 22.50 6" $ 74.00
95 130470 BEND DI MJ 22.50 8" $ 116.00
96 130480 BEND DI MJ 22.50 10" $ 171.00
97 130490 BEND DI MJ 22.50 12" $ 224.00
98 130500 BEND DI MJ 4" X 45° $ 51.00
99 130510 BEND DI MJ 6" X 45° $ 81.00
100 130520 BEND DI MJ 8" X 45° $ 118.00
101 130530 BEND DI MJ 10" X 45° $ 172.00
102 130540 BEND DI MJ 12" X 45° $ 257.00
103 130700 BEND DI MJ X FLANGE 4" X 45° $ 77.00
104 130710 BEND DI MJ X FLANGE 6" X 45° $ 111.00
105 130720 BEND DI MJ X FLANGE 8" X 45° $ 214.00
106 130730 BEND DI MJ X FLANGE 10" X 45° $ 314.00
107 130740 BEND DI MJ X FLANGE 12" X 45° $ 467.00
108 131500 BEND DI MJ 4" X 90° $ 62.00
109 131510 BEND DI MJ 6" X 90° $ 101.00
110 131520 BEND DI MJ 8" X 90° $ 146.00
111 131530 BEND DI MJ 10" X 90° $ 230.00
112 131540 BEND DI MJ 12" X 90° $ 310.00
113 131700 BEND DI MJ X F 4" X 90° $ 70.00
114 131710 BEND DI MJ X F 6 X 90° $ 123.00
115 131720 BEND DI MJ X F 8" X 90° $ 215.00
116 131730 BEND DI MJ X F 10" X 90° $ 350.00
117 131740 BEND DI MJ X F 12 X 90° $ 503.00
118 132100 CAP DI MJ 4" WITH 2" FIPT OUTLET $ 48.00
119 132120 CAP DI MJ 6" WITH 2" FIPT OUTLET $ 65.00
120 NEW
ITEM
CAP DI MJ 6" WITH 4" FIPT OUTLET $ 150.80
121 132140 CAP DI MJ 8" WITH 2" FIPT OUTLET $ 91.00
122 132145 CAP DI MJ 8" WITH 4" FIPT OUTLET $ 177.60
123 132160 CAP DI MJ 10" WITH 2" FIPT OUTLET $ 108.00
124 132165 CAP DI MJ 10" WITH 4" FIPT OUTLET $ 194.80
125 132180 CAP DI MJ 12" WITH 2" FIPT OUTLET $ 150.00
126 NEW
ITEM
CAP DI MJ 12" WITH 4" FIPT OUTLET $ 237.40
127 132203 CAP DI MJ 16" WITH 4" FIPT OUTLET $ 367.00
128 132210 MJ PLUG / 2" FIPT OUTLET 4" $ 53.00
129 NEW
ITEM
PLUG MJ 6" WITH 2" FIPT OUTLET $ 77.00
130 132215 MJ PLUG / 4" FIPT OUTLET 6" $ 164.20
131 132219 MJ PLUG / 2" FIPT OUTLET 8" $ 104.00
132 132220 MJ PLUG / 4" FIPT OUTLET 8" $ 190.50
133 132225 MJ PLUG / 4" FIPT OUTLET 10" $ 251.30
134 132230 MJ PLUG / 4" FIPT OUTLET 12" $ 249.40
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135 132300 REDUCER DI MJ 6" X 4" $ 58.00
136 132310 REDUCER, SMALL END BELL 6" X 4" $ 60.00
137 132400 REDUCER DI MJ 8" X 6" $ 85.00
138 132480 REDUCER DI MJ 12" X 8" $ 146.00
139 132500 REDUCER DI MJ 12" X 10" $ 163.00
140 132610 REDUCER MJ SMALL END BELL 8" X 6" $ 91.00
141 132620 REDUCER MJ SMALL END BELL 10" X 8" $ 151.00
142 132630 REDUCER, LARGE END BELL 6" X 4" $ 91.00
143 132650 REDUCER, LARGE END BELL 8" X 6" $ 83.00
144 132680 REDUCER, LARGE END BELL 10" X 8" $ 152.00
145 132720 REDUCER, LARGE END BELL 12" X 10" $ 199.00
146 133800 SLEEVE DI MJ X MJ 4" X 12" $ 54.00
147 133810 SLEEVE DI MJ X MJ 6" X 12" $ 91.00
148 133820 SLEEVE DI MJ X MJ 8" X 12" $ 146.00
149 133830 SLEEVE DI MJ X MJ 10" X 12" $ 175.00
150 133840 SLEEVE DI MJ X MJ 12" X 12" $ 236.00
151 133860 SLEEVE DI MJ X MJ 16" X 12" $ 263.50
152 134140 SPOOL DI FLANGE X FLANGE 4" X 12" $ 275.00
153 134160 SPOOL DI FLANGE X FLANGE 6" X 12" $ 346.00
154 134180 SPOOL DI FLANGE X FLANGE 8" X 12" $ 511.00
155 134340 SPOOL DI FLANGE X FLANGE 4" X 18" $ 305.00
156 134360 SPOOL DI FLANGE X FLANGE 6" X 18" $ 382.00
157 134380 SPOOL DI FLANGE X FLANGE 8" X 18" $ 560.00
158 134740 SPOOL DI FLANGE X FLANGE 4" X 36" $ 396.00
159 134760 SPOOL DI FLANGE X FLANGE 6" X 36" $ 490.00
160 134780 SPOOL DI FLANGE X FLANGE 8" X 36" $ 713.00
161 134790 SPOOL DI FLANGE X FLANGE 4" X 48" $ 456.86
162 134795 SPOOL DI FLANGE X FLANGE 6" X 48" $ 561.80
163 134800 SPOOL DI FLANGE X FLANGE 8" X 48" $ 1,078.00 164 NEW
ITEM
SPOOL DI FLANGE X FLANGE 10" X 48" $ 1,051.52
165 134805 SPOOL DI FLANGE X FLANGE 12" X 48" $ 1,360.00 166 134820 SPOOL DI FLANGE X FLANGE 4" X 60" $ 504.00
167 134825 SPOOL DI FLANGE X FLANGE 6" X 60" $ 633.88
168 134830 SPOOL DI FLANGE X FLANGE 8" X 60" $ 915.00
169 134850 SPOOL DI FLANGE X FLANGE 10" X 60" $ 1,183.00 170 134840 SPOOL DI FLANGE X FLANGE 4" X 72" $ 576.00
171 134860 SPOOL DI FLANGE X FLANGE 6" X 72" $ 706.00
172 134855 SPOOL DI FLANGE X FLANGE 10" X 72" $ 1,315.00 173 135100 TEE CI FLG X FLG 4" $ 206.00
174 135110 TEE CI FLG X FLG 6" $ 256.00
175 135120 TEE CI FLG X FLG 8" $ 427.00
176 135130 TEE CI FLG X FLG 10" $ 649.00
177 135140 TEE CI FLG X FLG 12" $ 924.00
178 135200 TEE FIG SMALL END BELL 10" X 6" $ 351.10
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179 135300 TEE CI FLG X FLG 8" X 6" $ 368.00
180 135310 TEE FIG SMALL END BELL 10" X 8" $ 377.90
181 135400 TEE CI FLG X FLG 12" X 6" $ 763.30
182 135410 TEE CI FLG X FLG 12" X 8" $ 784.00
183 135495 TEE FLG 16" X 12" $ 1,460.00
184 135500 TEE DI MJ X MJ X FLANGE 4" $ 105.00
185 135510 TEE DI MJ X MJ X FLANGE 6" $ 166.00
186 135520 TEE DI MJ X MJ X FLANGE 8" $ 256.00
187 135525 TEE MJ X FLG DI 10" $ 468.00
188 135600 TEE DI MJ X MJ X FLANGE 8" X 6" $ 201.00
189 135650 TEE MJ X FIG 10" X 6" $ 342.00
190 135700 TEE DI MJ X MJ X FLANGE 12" X 6" $ 384.00
191 135710 TEE DI MJ X MJ X FLANGE 12" X 8" $ 427.00
192 136090 BURY HYDRANT MJ X F 6" X 6" X 24" $ 350.00
193 136095 BURY HYDRANT MJ X F 6" X 6" X 30" $ 345.00
194 136100 BURY HYDRANT DI MJ X F 6" X 6" X 36" $ 359.00 195 136150 BURY HYDRANT DI MJ X F 6" X 6" X 42" $ 410.00 196 136170 FLANGE BLIND CI OR STEEL 6 HOLE 6" CLASS D $ 150.10 197 136200 FLANGE BLIND CI/DI 125LB 4" $ 53.00
198 136210 FLANGE BLIND CI/DI 125LB 6" $ 79.00
199 136220 FLANGE BLIND CI/DI 125LB 8" $ 133.00
200 136230 FLANGE BLIND CI/DI 125LB 10" $ 199.00
201 136240 FLANGE BLIND CI/DI 125LB 12" $ 268.00
202 136310 RISER HYDRANT CI BREAK OFF FLANGE X FLANGE 6" X 6" $ 130.00 203 136320 RISER HYDRANT CI BREAK OFF FLANGE X FLANGE 6" X 8" $ 134.40 204 136330 RISER HYDRANT CI BREAK OFF FLANGE X FLANGE 6" X 10" $ 151.40 205 136340 RISER HYDRANT CI BREAK OFF FLANGE X FLANGE 6" X 12" $ 152.80 206 136900 CAP, HYDRANT, CAST IRON, VENTED WITH CHAIN RING, CHAINS, AND GASKET.
$ 67.40
207 136910 CAP, HYDRANT, CAST IRON, VENTED WITH CHAIN RINGS, CHAIN AND GASKET.
$ 147.00
208 NEW
ITEM
VALVE, SWING CHECK, FLANGE 6"X14” W/OUTSIDE LEVER &
WEIGHT
MFG BRAND/MDL NO: MATCO 120 WC
$ 939.20
209 144630 VALVE, SWING CHECK, FLANGE 8"X19.5” W/OUTSIDE LEVER & WEIGHT
MFG BRAND/MDL NO: MATCO 120 WC
$ 1,467.20
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210 NEW
ITEM
VALVE, SWING CHECK, FLANGE 10" X 24.5” W/OUTSIDE LEVER
& WEIGHT
MFG BRAND/MDL NO: MATCO 120 WC
$ 1,848.40
211 NEW
ITEM
VALVE, SWING CHECK, FLANGE 12"X 27.5 W/OUTSIDE LEVER &
WEIGHT
MFG BRAND/MDL NO: MATCO 120 WC
$ 2,939.40
212 NEW
ITEM
VALVE, GATE, OS&Y, FL X FL 4"
FNW/FIGURE 751
$ 223.00
213 NEW
ITEM
VALVE, GATE, OS&Y, FL X FL 6"
FNW/FIGURE 751
$ 350.00
214 NEW
ITEM
VALVE, GATE, OS&Y, FL X FL 8"
FNW/FIGURE 751
$ 565.00
PRICING IS F.O.B. DESTINATION, MODESTO, CA.
PRICING IS NET TO THE CITY, EXCLUSIVE OF FEDERAL EXCISE TAX, CALIFORNIA STATE, LOCAL, SALES AND USE TAX.
CITY OF MODESTO SALES TAX RATE 7.875%
PAYMENT TERMS: NET 30
VENDOR CONTACT: SHANE STOWE
[email protected]
(916) 758-0711
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CITY OF MODESTO
PURCHASING DIVISION
1010 TENTH ST., SUITE 5300
MODESTO, CA 95354
TEL: (209) 577-5405 FAX: (209) 544-8821
ANNUAL AGREEMENT NO. 233561
VENDOR:
ICONIX WATERWORKS INC
4522 PARKER AVE STE 700
MCCLELLAN CA 95652
SHIP TO:
CITYWIDE DIVISIONS
P.O. BOX 642
MODESTO, CA 95353
INVOICE TO:
CITY OF MODESTO
ACCOUNTS PAYABLE
P.O. BOX 642
MODESTO, CA 95353
ANNUAL AGREEMENT FOR THE PURCHASE OF CONCRETE BOXES, COVERS, VALVES, HYDRANTS AND FITTINGS ON AN “AS NEEDED” BASIS FOR THE CITY OF MODESTO WATER, WASTEWATER AND STORES DIVISION.
THE TERMS AND CONDITIONS OF RFB 2122-48 ARE AN INTEGRAL PART OF THIS AGREEMENT. ANNUAL AMOUNT NOT TO EXCEED $110,000 PER COUNCIL RESOLUTION 2022-_______
1. TERM OF THE CONTRACT: THE TERM OF THE CONTRACT SHALL BE FOR A PERIOD OF ONE YEAR WITH FOUR (1) ONE-YEAR EXTENSION OPTIONS AT THE SOLE DISCRETION OF CITY, FOR A TOTAL OF UP TO FIVE (5) YEARS.
YEAR ONE: DECEMBER 7, 2022, THROUGH DECEMBER 6, 2023
YEAR TWO: DECEMBER 7, 2023, THROUGH DECEMBER 6, 2024
YEAR THREE: DECEMBER 7, 2024, THROUGH DECEMBER 6, 2025
YEAR FOUR: DECEMBER 7, 2025, THROUGH DECEMBER 6, 2026
YEAR FIVE: DECEMBER 7, 2026, THROUGH DECEMBER 6, 2027
2. PRICING SHALL REMAIN FIRM FOR EACH CONTRACT YEAR, WITH THE EXCEPTION OF ITEMS 1-39 IN WHICH PRICING WILL BE OBTAINED EVERY 90 DAYS (AS NEEDED) AND AWARDED TO THE LOWEST BIDDER.
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PRICE INCREASES FOR SUBSEQUENT CONTRACT YEARS THREE, FOUR, AND FIVE, SHALL NOT EXCEED
THE PRODUCER PRICE INDEX (PPI) IN ANY ONE CONTRACT YEAR, AND SHALL BE NEGOTIATED THROUGH THE PURCHASING DIVISION. REQUESTS FOR PRICE INCREASES SHALL BE SUBMITTED BY CONTRACTOR IN WRITING, SIXTY (60) DAYS PRIOR TO THE ANNUAL ANNIVERSARY DATE OF THE CONTRACT TO BE EFFECTIVE FOR THE SUBSEQUENT YEAR.
REFER TO ATTACHMENT “A” FOR CONTRACTUAL PRICING
4. USAGE: CONTRACTOR SHALL PROVIDE WHATEVER QUANTITIES MAY BE REQUIRED DURING THE CONTRACT TERM. NO MINIMUM OR MAXIMUM QUANTITIES ARE GUARANTEED OR IMPLIED.
5. PAYMENT: ALL INVOICES SHALL BE PAID IN FULL WITHIN THIRTY (30) DAYS AFTER COMPLETION
AND ACCEPTANCE OF THE SERVICE BY THE CITY, AND RECEIPT OF A PROPERLY PREPARED INVOICE IN DUPLICATE, SUBJECT TO CASH DISCOUNTS ALLOWED AND STATED IN THE BID DOCUMENT.
6. INVOICING: INVOICE SHALL REFERENCE AGREEMENT NO. 233561. THE INVOICE SHALL INCLUDE THE FIRST AND LAST NAME OF THE PERSON REQUESTING THE SERVICE. ALL INVOICES SHALL BE EMAILED DIRECTLY TO ACCOUNTS PAYABLE AT [email protected]
7. CONTRACTUAL CHANGES: CHANGES OF A CONTRACTUAL OR BUSINESS NATURE SHALL BE
EFFECTED ONLY BY WRITTEN CHANGE TO THIS AGREEMENT THROUGH THE CITY OF MODESTO, PURCHASING DIVISION.
8. CITYWIDE USAGE: VENDOR SHALL AFFORD SAME PRICING FOR WALK-IN ORDERS VERSUS ORDERS SHIPPED DIRECTLY TO SITE LOCATIONS. NO EXCEPTIONS.
9. TERMINATION OF SERVICES: THE CITY RESERVES THE RIGHT TO DISCONTINUE SERVICES WITH THE
PROVIDER UPON FAILURE TO MEET CONTRACTUAL EXPECTATIONS AND/OR OBLIGATIONS, AS RECOMMENDED BY THE SITE SUPERVISOR OR HIS/HER AGENT.
THE CITY RESERVES THE RIGHT TO REVIEW THE SERVICE PROVIDERS’ PERFORMANCE AT ANY TIME WITH OR WITHOUT THE KNOWLEDGE OR CONSENT OF THE PROVIDER.
CANCELLATION OF SERVICES SHALL BE DETERMINED BY THE COLLABORATIVE EFFORTS OF THE
PURCHASING MANAGER, OR HIS DESIGNEE, AND USING DEPARTMENT AFTER REVIEWING THE INCIDENT(S) OF FAILURE TO PERFORM. EITHER PARTY MAY TERMINATE THE CONTRACT IN ITS UNILATERAL DISCRETION FOR ANY OR NO REASON BY PROVIDING AT LEAST THIRTY (30) DAYS WRITTEN NOTICE TO THE OTHER OF ITS DESIRE TO TERMINATE.
10. INSPECTION: ALL MATERIALS AND WORKMANSHIP ARE SUBJECT TO INSPECTION AND TEST BY THE
CITY FOR COMPLIANCE WITH SPECIFICATIONS AS INCLUDED HEREIN, WITHIN A REASONABLE TIME AFTER DELIVERY. IN THE EVENT ARTICLES OR SERVICES ARE DEFECTIVE OR NOT IN CONFORMITY
WITH THIS ORDER, THE CITY SHALL HAVE THE RIGHTS TO EITHER REJECT THE ITEMS OR REQUIRE CORRECTION. DEFECTIVE ARTICLES OR SERVICES SHALL BE REMOVED FROM CITY PREMISES AND/OR CORRECTED BY AND AT THE EXPENSE OF THE VENDOR. FAILURE TO INSPECT AND ACCEPT
OR REJECT SHALL NOT RELIEVE THE VENDOR FROM RESPONSIBILITY FOR COMPLIANCE WITH SPECIFICATIONS. FINAL ACCEPTANCE SHALL BE CONCLUSIVE EXCEPT AS REGARDS TO LATENT DEFECTS, FRAUD, OR SUCH GROSS MISTAKES AS AMOUNT TO FRAUD.
11. RESPONSIBILITY: UNLESS OTHERWISE SPECIFIED, THE VENDOR SHALL BE RESPONSIBLE FOR ALL
ITEMS COVERED BY THIS PURCHASE ORDER UNTIL DELIVERED AT THE DESIGNATED DELIVERY
POINT AND THE VENDOR SHALL BEAR ALL RISKS AS TO ITEMS REJECTED OR REQUIRING CORRECTION AFTER NOTICE OF SUCH REJECTION OR CORRECTION IS GIVEN.
12. SHIPMENT: ALL ITEMS F.O.B. DESTINATION UNLESS OTHERWISE SPECIFIED. WHEN AUTHORIZED, FREIGHT TO BE PREPAID. DO NOT SHIP COLLECT. ORIGINAL RECEIPTED FREIGHT BILL MUST ACCOMPANY THE INVOICE. SHIPMENT MUST BE MADE WITHIN THE TIME STATED ON PURCHASE
ORDER, FAILING WHICH CITY RESERVES THE RIGHT TO PURCHASE ELSEWHERE AND CHARGE #10..
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VENDOR WITH ANY LOSS INCURRED, UNLESS DELAY IN MAKING SHIPMENT IS DUE TO
UNFORESEEABLE CAUSES BEYOND THE CONTROL AND WITHOUT THE FAULT OR NEGLIGENCE OF THE VENDOR.
13. CHANGES: THIS PURCHASE ORDER MAY AT ANY TIME, BY WRITTEN ORDER, BE CHANGED IN REGARD
TO THE MATERIALS OR SERVICE TO BE FURNISHED, QUANTITIES ORDERED, UNIT PRICE, DISCOUNT, DELIVERY POINT OR ARRANGEMENTS, TERMS OR ANY OTHER MATTERS AFFECTING A VALID ORDER.
IN THE EVENT SUCH CHANGE CAUSES AN INCREASE OR DECREASE IN THE COST OF PERFORMANCE
HEREUNDER, AND EQUITABLE ADJUSTMENT WILL BE MADE FOR THE COST THEREOF, SUBJECT TO THE APPROVAL OF THE PURCHASING MANAGER, AND WRITTEN NOTICE GIVEN THEREFORE.
14. WARRANTY: NOTWITHSTANDING ANY OTHER PROVISIONS OF THE ORDER, VENDOR WARRANTS
THAT THE MATERIALS, SUPPLIES OR OTHER SERVICES FURNISHED SHALL BE OF THE MOST SUITABLE GRADE AND EXACTLY AS SPECIFIED IN THIS ORDER. SUCH WARRANTY SHALL INCLUDE THE FOLLOWING:
15. PERFORMANCE, WORKMANSHIP, LABOR, MATERIALS, SELLER’S DESIGN OR ENGINEERING CONTRIBUTIONS. IF A DEFECT IS DISCOVERED IN ANY ITEM OF MATERIALS, SUPPLIES OR SERVICES
COVERED IN THIS AGREEMENT, VENDOR SHALL CORRECT AT ITS EXPENSE, INCLUDING
TRANSPORTATION/FREIGHT, SUCH DEFECTS AS ARE REPORTED WITHIN ONE YEAR OF FINAL ACCEPTANCE. UPON EXPIRATION OF THE APPLICABLE WARRANTY PERIOD ALL SUCH LIABILITY
SHALL TERMINATE EXCEPT FOR FRAUD OR SUCH GROSS MISTAKES AS AMOUNT TO FRAUD, LATENT DEFECTS OR SPECIFIC FAILURE TO COMPLY WITH THE TERMS OF THIS ORDER.
16. DISCOUNT: IN CONNECTION WITH ANY DISCOUNT OFFERED, TIME WILL BE COMPUTED FROM DATE
OF DELIVERY TO CARRIER WHEN DELIVERY AND ACCEPTANCE ARE AT POINT OF ORIGIN, OR FROM
DATE OF DELIVERY AND ACCEPTANCE IF AT DESTINATION OR FROM DATE CORRECT INVOICE IS RECEIVED BY CITY, IF INVOICE DATE IS LATER THAN DATE OF DELIVERY.
17. INSURANCE: ALL ORDERS WHERE WORK, MAINTENANCE, OR SERVICE IS PERFORMED ON CITY PROPERTY REQUIRE APPROPRIATE INSURANCE AND INDEMNIFICATION. SERVICES WILL BE SUSPENDED WITHOUT PROPER INSURANCE CERTIFICATES BEING ON FILE WITH THE CITY. CONTACT CITY PURCHASING OFFICE TO VERIFY THE TYPE OF INSURANCE REQUIRED.
18. EXEMPTIONS: THE CITY IS EXEMPT FROM PAYMENT OF FEDERAL EXCISE TAX. ALL INVOICES SHALL BE EXCLUSIVE OF SUCH EXCISE TAX. IF PURCHASE IS NOT SUBJECT TO SALES TAX, THE STATEMENT FOR RESALE WILL APPEAR IN THE BODY OF THE PURCHASE ORDER.
19. INFRIGEMENT: VENDOR AGREES TO PROTECT, INDEMNIFY AND SAVE HARMLESS THE CITY AS
BUYER, ITS AGENTS, OFFICERS, EMPLOYEES, AND VOLUNTEERS FROM ANY CLAIM, LOSS OR DAMAGE
FROM INFRINGEMENT OF TRADEMARKS, PATENTS, COPYRIGHTS AND UNFAIR COMPETITION ACTION WITH RESPECT TO THIS AGREEMENT.
20. INDEMNITY: THE VENDOR SHALL HOLD THE CITY, ITS AGENTS, OFFICERS, EMPLOYEES, AND
VOLUNTEERS, HARMLESS FROM AND SAVE, DEFEND AND INDEMNIFY THEM AGAINST ANY AND ALL
CLAIMS, LOSSES, LIABILITIES, JUDGMENTS OR DAMAGES FROM EVERY CAUSE, INCLUDING BUT NOT
LIMITED TO INJURY TO PERSON OR PROPERTY OR WRONGFUL DEATH, INCLUDING REASONABLE
COSTS AND EXPENSES OF DEFENSE OF ANY JUDICIAL OR ADMINISTRATIVE ACTION, ARISING
DIRECTLY OR INDIRECTLY OUT OF ANY NEGLIGENT OR INTENTIONAL ACT OR OMISSION OF VENDOR,
OR ITS AGENTS, OFFICERS, EMPLOYEES, OR VOLUNTEERS RELATING TO OR DURING THE PERFORMANCE OF ITS OBLIGATIONS UNDER THIS AGREEMENT. VENDOR’S OBLIGATION TO DEFEND,
INDEMNIFY, AND HOLD THE CITY, ITS AGENTS, OFFICERS, AND EMPLOYEES HARMLESS UNDER THE
PROVISIONS OF THIS PARAGRAPH IS NOT LIMITED TO OR RESTRICTED BY ANY REQUIREMENT IN THIS #10..
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AGREEMENT FOR VENDOR TO PROCURE AND MAINTAIN A POLICY OF INSURANCE. IN THE
INDEMNITY CLAUSE CONTAINED HEREIN VENDOR AGREES TO DEFEND, INDEMNIFY AND HOLD CITY HARMLESS FROM THE NEGLIGENCE OF ITS EMPLOYEES, AMONG OTHER RISKS. WITH REFERENCE TO
THE FOREGOING, THE PARTIES AGREE THAT ALL RISK OF LOSS, INCLUDING BUT NOT LIMITED TO
DAMAGES, PROPERTY LOSSES AND DEFENSE OF THIRD PARTY SUITS, ARISING OUT OF OR RELATING TO THE OPERATION OF CITY OWNED VEHICLES BY VENDOR’S EMPLOYEES IS APPORTIONED TO VENDOR IN ACCORDANCE WITH THE PROVISIONS CONTAINED IN INDEMNITY.
21. GOVERNING LAW: THIS PURCHASE ORDER SHALL BE DEEMED MADE IN, GOVERNED BY, PERFORMED
IN, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, U.S.A., WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAWS, PROVISIONS OR PRINCIPLES.
22. LIABILITY: THE CITY SHALL NOT BE RESPONSIBLE FOR ANY DAMAGE THAT MAY ACCRUE BY REASON OF THE DEATH OR INJURY OF THE PERSON OF THE VENDOR’S OFFICERS, AGENTS,
EMPLOYEES, INVITEES, OR LICENSEES, OR BE SET UP AT ANY TIME BECAUSE OF PERSONAL INJURY
OR DAMAGE TO PROPERTY SUSTAINED BY ANY OTHER PERSON OR PERSONS, WHICH MAY HAVE
BEEN CAUSED OR CONTRIBUTED TO, APPROXIMATELY OR REMOTELY, BY REASON OF OR IN THE COURSE OF PERFORMANCE OF THE PURCHASE ORDER. THE VENDOR SHALL ASSUME FULL
RESPONSIBILITY FOR THE DEFENSE OF ANY CLAIMS ARISING UNDER THE PURCHASE ORDER AND THE
VENDOR SHALL SAVE, KEEP, AND BEAR HARMLESS THE CITY, ALL OFFICERS AND EMPLOYEES
THEREOF, FROM ALL DAMAGES, COSTS, OR EXPENSES BECAUSE OF PERSONAL INJURY OR PROPERTY DAMAGE BASED ON THE PERFORMANCE OF THIS PURCHASE ORDER OR ASSERTED AGAINST IT.
23. DISPUTES: ALL DISPUTES CONCERNING QUESTIONS OF FACT WHICH MAY ARISE UNDER THIS
PURCHASE ORDER, AND NOT DISPOSED OF BY MUTUAL CONSENT SHALL BE DECIDED BY THE PURCHASING MANAGER.
24. OFFER AND ACCEPTANCE: VENDOR REPRESENTS ITS ACCEPTANCE TO PROVIDE PRODUCTS AND/OR SERVICES AS FOLLOWS: CITY’S OFFER TO PURCHASE PRODUCTS AND/OR SERVICES IS EXPRESSLY CONDITIONED UPON VENDOR’S ASSENT TO THE TERMS AND CONDITIONS SET FORTH IN CITY’S PURCHASE ORDER DOCUMENTS, SPECIFICATIONS, SUPPORTING DATA, AND THESE ARTICLES.
VENDOR AGREES THAT VENDOR’S ORDER ACKNOWLEDGMENT TERMS AND CONDITIONS RECEIVED PRIOR TO, DURING, OR AFTER ORDER PLACEMENT BY CITY ARE HEREBY REJECTED. CITY PURCHASE ORDERS SIGNED BY THE CITY’S PURCHASING MANAGER OR HIS/HER DESIGNATED AGENT AND ISSUED TO VENDOR CONSTITUTE WRITTEN NOTIFICATION TO VENDOR OF CITY’S REJECTION OF ANY AND ALL VENDOR ORDER ACKNOWLEDGMENTS, COUNTER OFFERS AND CHANGES TO THE CITY’S TERMS AND CONDITIONS.
25. ASSIGNMENT: NEITHER THIS PURCHASE ORDER NOR ANY PORTION THEREOF SHALL BE
SUBCONTRACTED OR ASSIGNED WITHOUT THE WRITTEN CONSENT OF THE CITY IN EACH AND EVERY INSTANCE.
26. MISCELLANEOUS: TIME IS OF THE ESSENCE IN EACH AND EVERY PROVISION OF THIS PURCHASE ORDER/AGREEMENT.
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ATTACHMENT A
ANNUAL PURCHASE AGREEMENT NO. 233561
CONCRETE BOXES, COVERS, VALVES, HYDRANTS AND FITTINGS
CONTRACTUAL PRICE LIST
Line Items 1-38: Prices Subject to change every 90 days. Validate lowest price among awarded vendors LINE
ITEM
COM # DESCRIPTION UNIT PRICE
1 100000 BOX, FIBRELYTE FL8 BOX $ 43.63
2 100010 BOX, CONCRETE F08, 8 1/2" ROUND $ 20.36
3 100020 BOX, CONCRETE UTILITY B9 BOX $ 34.26
4 100040 BOX, CONCRETE UTILITY B12 BOX $ 35.64
5 100050 BOX, FIBERLYTE FL 12 BOX $ 115.36
6 100060 BOX, FIBRELYTE 12" FL30 BOX 12 $ 216.19
7 100080 BOX, CONCRETE ELECTRICAL N30 BOX $ 49.29
8 100100 BOX, FIBRELYTE 12" FL36 BOX 12 $ 188.07
9 100120 BOX, CONCRETE UTILITY B36 BOX $ 66.17
10 100180 BOX, CONCRETE VALVE TRAFFIC G5 BOX $ 41.72
11 101000 COVER, CAST IRON MARKED WATER F8C $ 27.87
12 101010 COVER, CAST IRON MARKED SEWER F8C $ 27.87
13 101020 COVER, CAST IRON MARKED WATER B9C $ 59.74
14 101021 COVER, FIBERLYTE W/CI READ LID MARKED WATER FL9D $ 80.48 15 101040 COVER, CAST IRON MARKED WATER B12C $ 49.57
16 101041 COVER, FIBERLYTE W/CI READ LID MARKED WATER FL12D $ 64.64 17 101080 COVER, FIBRELYTE, MARKED ELEC., TRAFFIC SIGNAL, ST. LIGHT, WATER FL30D & 101084
$ 115.36
18 101081 COVER, CONCRETE MARKED ELECTRIC, TRAFFIC SIGNAL, OR STREET LIGHT N30D
$ 46.08
19 101082 COVER, CONCRETE W/CI READ LID MARKED WATER B30G $ 64.03 20 101120 COVER, CONCRETE MARKED TRAFFIC SIGNAL B36D $ 291.17 21 101121 COVER, CONCRETE W/CI READ LID MARKED WATER B36G $ 79.56 22 101123 COVER, FIBRELYTE MARKED TRAFFIC SIGNAL OR WATER FL36D & 101124
$ 182.57
23 101180 COVER, CAST IRON TRAFFIC MARKED/ WATER/SEWER OR MONUMENT G5C
$ 31.34
24 103181 RING, GRADE CI (RISER) G5 1" W/BOLTS INSTALLED G5GR10 $ 44.20 #10..
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25 103182 RING, GRADE CI (RISER) G5 1 1/2" W/BOLTS INSTALLED G5GR15
$ 50.37
26 103183 RING, GRADE CI (RISER) G5 2" W/BOLTS INSTALLED G5GR20 $ 63.49 27 101200 COVER, FIBERLYTE W/CI READ LID MARKED WATER FL16D $ 82.08 28 101083 COVER, CHECKER, PLATE WITH READ LID, CHRISTY B30-61G $ 238.40 29 101122 COVER, CHECKER, PLATE WITH READ LID, CHRISTY B36-61G $ 291.17 30 101220 COVER, CAST IRON MARKED
WATER BES G5C BES ONLY NO SUB
$ 31.34
31 101370 COVER, PLASTIC, GREEN MARKED
"WATER" 15 1/2" X 10 3/16" NDS D1200SGWTRL
$ 28.00
32 101375 COVER, PLASTIC, GRN MKD "WTR MTR" CVR:19.75" X 13.25" LID: 7.5" X 4.5" CARSON 1220-5
$ 36.56
33 105000 GRATE ONLY, CAST IRON A109/C-2818-01 $ 206.70 34 105100 COVER, CI MANHOLE, W/ONE VENT HOLE TO BE MKD CITY OF
MODESTO SEWER OR STORM
$ 322.24
35 107100 ASSEMBLY, CI MANHOLE COVER TO BE MARKED: "CITY OF MODESTO" "SEWER" OR "STORM"
$ 322.24
36 NEW
ITEM
BOX, CI, ROUND, 10", WITHOUT FLANGE, BINGHAM & TAYLOR
MARK V, CUL10RHVY, NO SUB
$ 92.01
37 100022 BOX, CI, ROUND, 10", WITH FLANGE, BINGHAM & TAYLOR MARK V, CUL10RHVYF, NO SUB
$ 134.63
38 101022 COVER, CI, ROUND, 10", STANDARD WATER, BINGHAM & TAYLOR MARK V, CUL10LHVYW
$ 43.95
PRICING IS F.O.B. DESTINATION, MODESTO, CA.
PRICING IS NET TO THE CITY, EXCLUSIVE OF FEDERAL EXCISE TAX, CALIFORNIA STATE, LOCAL, SALES AND USE TAX.
CITY OF MODESTO SALES TAX RATE 7.875%
PAYMENT TERMS: NET 30
VENDOR CONTACT: TIM SWEENEY
[email protected]
OFFICE: (916) 640-8808
CELL: (916) 216-6619
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CITY OF MODESTO
PURCHASING DIVISION
1010 TENTH ST., SUITE 5300
MODESTO, CA 95354
TEL: (209) 577-5405 FAX: (209) 544-8821
ANNUAL AGREEMENT NO. 233562
VENDOR:
AMERICAN AVK
2155 MERIDIAN BLVD
MINDEN, NV 89423
SHIP TO:
CITYWIDE DIVISIONS
P.O. BOX 642
MODESTO, CA 95353
INVOICE TO:
CITY OF MODESTO
ACCOUNTS PAYABLE
P.O. BOX 642
MODESTO, CA 95353
ANNUAL AGREEMENT FOR THE PURCHASE OF CONCRETE BOXES, COVERS, VALVES, HYDRANTS AND FITTINGS ON AN “AS NEEDED” BASIS FOR THE CITY OF MODESTO WATER, WASTEWATER AND STORES DIVISION.
THE TERMS AND CONDITIONS OF RFB 2122-48 ARE AN INTEGRAL PART OF THIS AGREEMENT. ANNUAL AMOUNT NOT TO EXCEED $290,000 PER COUNCIL RESOLUTION 2022-_______
1. TERM OF THE CONTRACT: THE TERM OF THE CONTRACT SHALL BE FOR A PERIOD OF ONE YEAR WITH FOUR (1) ONE-YEAR EXTENSION OPTIONS AT THE SOLE DISCRETION OF CITY, FOR A TOTAL OF UP TO FIVE (5) YEARS.
YEAR ONE: DECEMBER 7, 2022, THROUGH DECEMBER 6, 2023
YEAR TWO: DECEMBER 7, 2023, THROUGH DECEMBER 6, 2024
YEAR THREE: DECEMBER 7, 2024, THROUGH DECEMBER 6, 2025
YEAR FOUR: DECEMBER 7, 2025, THROUGH DECEMBER 6, 2026
YEAR FIVE: DECEMBER 7, 2026, THROUGH DECEMBER 6, 2027
2. PRICING SHALL REMAIN FIRM FOR EACH CONTRACT YEAR PRICE INCREASES FOR SUBSEQUENT
CONTRACT YEARS THREE, FOUR, AND FIVE, SHALL NOT EXCEED THE PRODUCER PRICE INDEX (PPI) IN ANY ONE CONTRACT YEAR, AND SHALL BE NEGOTIATED THROUGH THE PURCHASING DIVISION.
REQUESTS FOR PRICE INCREASES SHALL BE SUBMITTED BY CONTRACTOR IN WRITING, SIXTY (60) #10..
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DAYS PRIOR TO THE ANNUAL ANNIVERSARY DATE OF THE CONTRACT TO BE EFFECTIVE FOR THE SUBSEQUENT YEAR.
REFER TO ATTACHMENT “A” FOR CONTRACTUAL PRICING
4. USAGE: CONTRACTOR SHALL PROVIDE WHATEVER QUANTITIES MAY BE REQUIRED DURING THE CONTRACT TERM. NO MINIMUM OR MAXIMUM QUANTITIES ARE GUARANTEED OR IMPLIED.
5. PAYMENT: ALL INVOICES SHALL BE PAID IN FULL WITHIN THIRTY (30) DAYS AFTER COMPLETION
AND ACCEPTANCE OF THE SERVICE BY THE CITY, AND RECEIPT OF A PROPERLY PREPARED INVOICE IN DUPLICATE, SUBJECT TO CASH DISCOUNTS ALLOWED AND STATED IN THE BID DOCUMENT.
6. INVOICING: INVOICE SHALL REFERENCE AGREEMENT NO. 233562. THE INVOICE SHALL INCLUDE THE FIRST AND LAST NAME OF THE PERSON REQUESTING THE SERVICE. ALL INVOICES SHALL BE EMAILED DIRECTLY TO ACCOUNTS PAYABLE AT [email protected]
7. CONTRACTUAL CHANGES: CHANGES OF A CONTRACTUAL OR BUSINESS NATURE SHALL BE
EFFECTED ONLY BY WRITTEN CHANGE TO THIS AGREEMENT THROUGH THE CITY OF MODESTO, PURCHASING DIVISION.
8. CITYWIDE USAGE: VENDOR SHALL AFFORD SAME PRICING FOR WALK-IN ORDERS VERSUS ORDERS SHIPPED DIRECTLY TO SITE LOCATIONS. NO EXCEPTIONS.
9. TERMINATION OF SERVICES: THE CITY RESERVES THE RIGHT TO DISCONTINUE SERVICES WITH THE
PROVIDER UPON FAILURE TO MEET CONTRACTUAL EXPECTATIONS AND/OR OBLIGATIONS, AS RECOMMENDED BY THE SITE SUPERVISOR OR HIS/HER AGENT.
THE CITY RESERVES THE RIGHT TO REVIEW THE SERVICE PROVIDERS’ PERFORMANCE AT ANY TIME WITH OR WITHOUT THE KNOWLEDGE OR CONSENT OF THE PROVIDER.
CANCELLATION OF SERVICES SHALL BE DETERMINED BY THE COLLABORATIVE EFFORTS OF THE
PURCHASING MANAGER, OR HIS DESIGNEE, AND USING DEPARTMENT AFTER REVIEWING THE INCIDENT(S) OF FAILURE TO PERFORM. EITHER PARTY MAY TERMINATE THE CONTRACT IN ITS UNILATERAL DISCRETION FOR ANY OR NO REASON BY PROVIDING AT LEAST THIRTY (30) DAYS WRITTEN NOTICE TO THE OTHER OF ITS DESIRE TO TERMINATE.
10. INSPECTION: ALL MATERIALS AND WORKMANSHIP ARE SUBJECT TO INSPECTION AND TEST BY THE
CITY FOR COMPLIANCE WITH SPECIFICATIONS AS INCLUDED HEREIN, WITHIN A REASONABLE TIME AFTER DELIVERY. IN THE EVENT ARTICLES OR SERVICES ARE DEFECTIVE OR NOT IN CONFORMITY
WITH THIS ORDER, THE CITY SHALL HAVE THE RIGHTS TO EITHER REJECT THE ITEMS OR REQUIRE CORRECTION. DEFECTIVE ARTICLES OR SERVICES SHALL BE REMOVED FROM CITY PREMISES AND/OR CORRECTED BY AND AT THE EXPENSE OF THE VENDOR. FAILURE TO INSPECT AND ACCEPT
OR REJECT SHALL NOT RELIEVE THE VENDOR FROM RESPONSIBILITY FOR COMPLIANCE WITH SPECIFICATIONS. FINAL ACCEPTANCE SHALL BE CONCLUSIVE EXCEPT AS REGARDS TO LATENT DEFECTS, FRAUD, OR SUCH GROSS MISTAKES AS AMOUNT TO FRAUD.
11. RESPONSIBILITY: UNLESS OTHERWISE SPECIFIED, THE VENDOR SHALL BE RESPONSIBLE FOR ALL
ITEMS COVERED BY THIS PURCHASE ORDER UNTIL DELIVERED AT THE DESIGNATED DELIVERY
POINT AND THE VENDOR SHALL BEAR ALL RISKS AS TO ITEMS REJECTED OR REQUIRING CORRECTION AFTER NOTICE OF SUCH REJECTION OR CORRECTION IS GIVEN.
12. SHIPMENT: ALL ITEMS F.O.B. DESTINATION UNLESS OTHERWISE SPECIFIED. WHEN AUTHORIZED, FREIGHT TO BE PREPAID. DO NOT SHIP COLLECT. ORIGINAL RECEIPTED FREIGHT BILL MUST ACCOMPANY THE INVOICE. SHIPMENT MUST BE MADE WITHIN THE TIME STATED ON PURCHASE
ORDER, FAILING WHICH CITY RESERVES THE RIGHT TO PURCHASE ELSEWHERE AND CHARGE
VENDOR WITH ANY LOSS INCURRED, UNLESS DELAY IN MAKING SHIPMENT IS DUE TO
UNFORESEEABLE CAUSES BEYOND THE CONTROL AND WITHOUT THE FAULT OR NEGLIGENCE OF THE VENDOR.
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13. CHANGES: THIS PURCHASE ORDER MAY AT ANY TIME, BY WRITTEN ORDER, BE CHANGED IN REGARD
TO THE MATERIALS OR SERVICE TO BE FURNISHED, QUANTITIES ORDERED, UNIT PRICE, DISCOUNT, DELIVERY POINT OR ARRANGEMENTS, TERMS OR ANY OTHER MATTERS AFFECTING A VALID ORDER.
IN THE EVENT SUCH CHANGE CAUSES AN INCREASE OR DECREASE IN THE COST OF PERFORMANCE
HEREUNDER, AND EQUITABLE ADJUSTMENT WILL BE MADE FOR THE COST THEREOF, SUBJECT TO THE APPROVAL OF THE PURCHASING MANAGER, AND WRITTEN NOTICE GIVEN THEREFORE.
14. WARRANTY: NOTWITHSTANDING ANY OTHER PROVISIONS OF THE ORDER, VENDOR WARRANTS
THAT THE MATERIALS, SUPPLIES OR OTHER SERVICES FURNISHED SHALL BE OF THE MOST SUITABLE GRADE AND EXACTLY AS SPECIFIED IN THIS ORDER. SUCH WARRANTY SHALL INCLUDE THE FOLLOWING:
15. PERFORMANCE, WORKMANSHIP, LABOR, MATERIALS, SELLER’S DESIGN OR ENGINEERING CONTRIBUTIONS. IF A DEFECT IS DISCOVERED IN ANY ITEM OF MATERIALS, SUPPLIES OR SERVICES
COVERED IN THIS AGREEMENT, VENDOR SHALL CORRECT AT ITS EXPENSE, INCLUDING
TRANSPORTATION/FREIGHT, SUCH DEFECTS AS ARE REPORTED WITHIN ONE YEAR OF FINAL ACCEPTANCE. UPON EXPIRATION OF THE APPLICABLE WARRANTY PERIOD ALL SUCH LIABILITY
SHALL TERMINATE EXCEPT FOR FRAUD OR SUCH GROSS MISTAKES AS AMOUNT TO FRAUD, LATENT DEFECTS OR SPECIFIC FAILURE TO COMPLY WITH THE TERMS OF THIS ORDER.
16. DISCOUNT: IN CONNECTION WITH ANY DISCOUNT OFFERED, TIME WILL BE COMPUTED FROM DATE
OF DELIVERY TO CARRIER WHEN DELIVERY AND ACCEPTANCE ARE AT POINT OF ORIGIN, OR FROM
DATE OF DELIVERY AND ACCEPTANCE IF AT DESTINATION OR FROM DATE CORRECT INVOICE IS RECEIVED BY CITY, IF INVOICE DATE IS LATER THAN DATE OF DELIVERY.
17. INSURANCE: ALL ORDERS WHERE WORK, MAINTENANCE, OR SERVICE IS PERFORMED ON CITY PROPERTY REQUIRE APPROPRIATE INSURANCE AND INDEMNIFICATION. SERVICES WILL BE SUSPENDED WITHOUT PROPER INSURANCE CERTIFICATES BEING ON FILE WITH THE CITY. CONTACT CITY PURCHASING OFFICE TO VERIFY THE TYPE OF INSURANCE REQUIRED.
18. EXEMPTIONS: THE CITY IS EXEMPT FROM PAYMENT OF FEDERAL EXCISE TAX. ALL INVOICES SHALL BE EXCLUSIVE OF SUCH EXCISE TAX. IF PURCHASE IS NOT SUBJECT TO SALES TAX, THE STATEMENT FOR RESALE WILL APPEAR IN THE BODY OF THE PURCHASE ORDER.
19. INFRIGEMENT: VENDOR AGREES TO PROTECT, INDEMNIFY AND SAVE HARMLESS THE CITY AS
BUYER, ITS AGENTS, OFFICERS, EMPLOYEES, AND VOLUNTEERS FROM ANY CLAIM, LOSS OR DAMAGE
FROM INFRINGEMENT OF TRADEMARKS, PATENTS, COPYRIGHTS AND UNFAIR COMPETITION ACTION WITH RESPECT TO THIS AGREEMENT.
20. INDEMNITY: THE VENDOR SHALL HOLD THE CITY, ITS AGENTS, OFFICERS, EMPLOYEES, AND
VOLUNTEERS, HARMLESS FROM AND SAVE, DEFEND AND INDEMNIFY THEM AGAINST ANY AND ALL
CLAIMS, LOSSES, LIABILITIES, JUDGMENTS OR DAMAGES FROM EVERY CAUSE, INCLUDING BUT NOT
LIMITED TO INJURY TO PERSON OR PROPERTY OR WRONGFUL DEATH, INCLUDING REASONABLE
COSTS AND EXPENSES OF DEFENSE OF ANY JUDICIAL OR ADMINISTRATIVE ACTION, ARISING
DIRECTLY OR INDIRECTLY OUT OF ANY NEGLIGENT OR INTENTIONAL ACT OR OMISSION OF VENDOR,
OR ITS AGENTS, OFFICERS, EMPLOYEES, OR VOLUNTEERS RELATING TO OR DURING THE PERFORMANCE OF ITS OBLIGATIONS UNDER THIS AGREEMENT. VENDOR’S OBLIGATION TO DEFEND,
INDEMNIFY, AND HOLD THE CITY, ITS AGENTS, OFFICERS, AND EMPLOYEES HARMLESS UNDER THE
PROVISIONS OF THIS PARAGRAPH IS NOT LIMITED TO OR RESTRICTED BY ANY REQUIREMENT IN THIS AGREEMENT FOR VENDOR TO PROCURE AND MAINTAIN A POLICY OF INSURANCE. IN THE
INDEMNITY CLAUSE CONTAINED HEREIN VENDOR AGREES TO DEFEND, INDEMNIFY AND HOLD CITY HARMLESS FROM THE NEGLIGENCE OF ITS EMPLOYEES, AMONG OTHER RISKS. WITH REFERENCE TO #10..
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THE FOREGOING, THE PARTIES AGREE THAT ALL RISK OF LOSS, INCLUDING BUT NOT LIMITED TO
DAMAGES, PROPERTY LOSSES AND DEFENSE OF THIRD PARTY SUITS, ARISING OUT OF OR RELATING TO THE OPERATION OF CITY OWNED VEHICLES BY VENDOR’S EMPLOYEES IS APPORTIONED TO VENDOR IN ACCORDANCE WITH THE PROVISIONS CONTAINED IN INDEMNITY.
21. GOVERNING LAW: THIS PURCHASE ORDER SHALL BE DEEMED MADE IN, GOVERNED BY, PERFORMED
IN, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, U.S.A., WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAWS, PROVISIONS OR PRINCIPLES.
22. LIABILITY: THE CITY SHALL NOT BE RESPONSIBLE FOR ANY DAMAGE THAT MAY ACCRUE BY REASON OF THE DEATH OR INJURY OF THE PERSON OF THE VENDOR’S OFFICERS, AGENTS,
EMPLOYEES, INVITEES, OR LICENSEES, OR BE SET UP AT ANY TIME BECAUSE OF PERSONAL INJURY
OR DAMAGE TO PROPERTY SUSTAINED BY ANY OTHER PERSON OR PERSONS, WHICH MAY HAVE
BEEN CAUSED OR CONTRIBUTED TO, APPROXIMATELY OR REMOTELY, BY REASON OF OR IN THE COURSE OF PERFORMANCE OF THE PURCHASE ORDER. THE VENDOR SHALL ASSUME FULL
RESPONSIBILITY FOR THE DEFENSE OF ANY CLAIMS ARISING UNDER THE PURCHASE ORDER AND THE
VENDOR SHALL SAVE, KEEP, AND BEAR HARMLESS THE CITY, ALL OFFICERS AND EMPLOYEES
THEREOF, FROM ALL DAMAGES, COSTS, OR EXPENSES BECAUSE OF PERSONAL INJURY OR PROPERTY DAMAGE BASED ON THE PERFORMANCE OF THIS PURCHASE ORDER OR ASSERTED AGAINST IT.
23. DISPUTES: ALL DISPUTES CONCERNING QUESTIONS OF FACT WHICH MAY ARISE UNDER THIS
PURCHASE ORDER, AND NOT DISPOSED OF BY MUTUAL CONSENT SHALL BE DECIDED BY THE PURCHASING MANAGER.
24. OFFER AND ACCEPTANCE: VENDOR REPRESENTS ITS ACCEPTANCE TO PROVIDE PRODUCTS AND/OR SERVICES AS FOLLOWS: CITY’S OFFER TO PURCHASE PRODUCTS AND/OR SERVICES IS EXPRESSLY CONDITIONED UPON VENDOR’S ASSENT TO THE TERMS AND CONDITIONS SET FORTH IN CITY’S PURCHASE ORDER DOCUMENTS, SPECIFICATIONS, SUPPORTING DATA, AND THESE ARTICLES.
VENDOR AGREES THAT VENDOR’S ORDER ACKNOWLEDGMENT TERMS AND CONDITIONS RECEIVED PRIOR TO, DURING, OR AFTER ORDER PLACEMENT BY CITY ARE HEREBY REJECTED. CITY PURCHASE ORDERS SIGNED BY THE CITY’S PURCHASING MANAGER OR HIS/HER DESIGNATED AGENT AND ISSUED TO VENDOR CONSTITUTE WRITTEN NOTIFICATION TO VENDOR OF CITY’S REJECTION OF ANY AND ALL VENDOR ORDER ACKNOWLEDGMENTS, COUNTER OFFERS AND CHANGES TO THE CITY’S TERMS AND CONDITIONS.
25. ASSIGNMENT: NEITHER THIS PURCHASE ORDER NOR ANY PORTION THEREOF SHALL BE
SUBCONTRACTED OR ASSIGNED WITHOUT THE WRITTEN CONSENT OF THE CITY IN EACH AND EVERY INSTANCE.
26. MISCELLANEOUS: TIME IS OF THE ESSENCE IN EACH AND EVERY PROVISION OF THIS PURCHASE ORDER/AGREEMENT.
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ATTACHMENT A
ANNUAL PURCHASE AGREEMENT NO. 233562
CONCRETE BOXES, COVERS, VALVES, HYDRANTS AND FITTINGS
CONTRACTUAL PRICE LIST
LINE
ITEM
COM # DESCRIPTION UNIT PRICE
1 212010 CHECK VALVE HYDRANT FLOWGUARD S24 AVK $ 1,488.62 2 136000 HYDRANT, RESIDENTIAL FIRE WET BARREL, CI BODY, EPOXY COATED. PAINTED YELLOW. (1) 2 1/2" AND
(1) 4 1/2" OUTLET. 6 HOLE, WITH VENTED CI CAPS.
CAPS TO INCLUDE: CHAIN, CHAIN RING, & GASKET.
AVK 2470
$ 1,470.50
3 136020 HYDRANT, INDUSTRIAL FIRE WET BARREL, CI BODY,
EPOXY COATED. PAINTED YELLOW. (2) 2 1/2" AND
(1) 4 1/2" OUTLET. 6 HOLE, WITH VENTED CI CAPS.
CAPS TO INCLUDE: CHAIN, CHAIN RING, & GASKET.
AVK 2490
$ 2,042.50
4 144710 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. F X F 4"
MFG BRAND/MDL NO: AVK SERIES 65
$ 487.62
5 144720 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. F X F 6"
MFG BRAND/MDL NO: AVK SERIES 65
$ 651.42
6 144730 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. F X F 8"
MFG BRAND/MDL NO: AVK SERIES 65
$ 1,018.50
7 144740 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. F X F 10"
MFG BRAND/MDL NO: AVK SERIES 65
$ 1,617.42
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8 144750 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. F X F 12"
MFG BRAND/MDL NO: AVK SERIES 65
$ 1,953.42
9 NEW
ITEM
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT
AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. F X F 16"
MFG BRAND/MDL NO: AVK SERIES 45
$ 7,235.34
10 144810 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. MJ X F 4"
MFG BRAND/MDL NO: AVK SERIES 65
$ 469.98
11 144820 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. MJ X F 6"
MFG BRAND/MDL NO: AVK SERIES 65
$ 627.90
12 144830 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. MJ X F 8"
MFG BRAND/MDL NO: AVK SERIES 65
$ 980.70
13 144840 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. MJ X F 10"
MFG BRAND/MDL NO: AVK SERIES 65
$ 1,557.78
14 144850 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. MJ X F 12"
MFG BRAND/MDL NO: AVK SERIES 65
$ 1,881.18
15 144860 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. MJ X MJ 4"
MFG BRAND/MDL NO: AVK SERIES 65
$ 491.82
16 144870 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. MJ X MJ 6"
MFG BRAND/MDL NO: AVK SERIES 65
$ 627.90
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17 144880 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. MJ X MJ 8"
MFG BRAND/MDL NO: AVK SERIES 65
$ 999.18
18 144890 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. MJ X MJ 10"
MFG BRAND/MDL NO: AVK SERIES 65
$ 1,557.78
19 144900 VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET
AND BODY TO BE EPOXY COATED INSIDE AND
OUTSIDE. MJ X MJ 12"
MFG BRAND/MDL NO: AVK SERIES 65
$ 1,971.06
20 144910 VALVE, BUTTERFLY, FLANGE 4"
MFG BRAND/MDL NO: AVK SERIES 816
$ 732.60
21 144970 VALVE, BUTTERFLY, FLANGE 6"
MFG BRAND/MDL NO: AVK SERIES 816
$ 752.40
22 144980 VALVE, BUTTERFLY, FLANGE 8"
MFG BRAND/MDL NO: AVK SERIES 816
$ 963.60
23 144985 VALVE, BUTTERFLY, FLANGE 10"
MFG BRAND/MDL NO: AVK SERIES 816
$ 1,329.90
24 144995 VALVE, BUTTERFLY, FLANGE 16"
MFG BRAND/MDL NO: AVK SERIES 816
$ 3,095.40
25 144920 VALVE, BUTTERFLY (UNDERGROUND) RUBBER
SEATED. TO BE EPOXY COATED INSIDE AND OUTSIDE.
MJ X F 6"
MFG BRAND/MDL NO: AVK SERIES 816
$ 752.40
26 144930 VALVE, BUTTERFLY (UNDERGROUND) RUBBER
SEATED. TO BE EPOXY COATED INSIDE AND OUTSIDE.
MJ X F 8"
MFG BRAND/MDL NO: AVK SERIES 816
$ 963.60
27 144950 VALVE, BUTTERFLY (UNDERGROUND) RUBBER
SEATED. TO BE EPOXY COATED INSIDE AND OUTSIDE.
MJ X F 12"
MFG BRAND/MDL NO: AVK SERIES 816
$ 1,590.60
28 144960 VALVE, BUTTERFLY (UNDERGROUND) RUBBER
SEATED. TO BE EPOXY COATED INSIDE AND OUTSIDE.
MJ X F 16"
MFG BRAND/MDL NO: AVK SERIES 816
$ 3,095.40
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PRICING IS F.O.B. DESTINATION, MODESTO, CA.
PRICING IS NET TO THE CITY, EXCLUSIVE OF FEDERAL EXCISE TAX, CALIFORNIA STATE, LOCAL, SALES AND USE TAX.
CITY OF MODESTO SALES TAX RATE 7.875%
PAYMENT TERMS: NET 30
VENDOR CONTACT: GARY MOSSA
[email protected]
OFFICE: (209) 863-1160
CELL: (209) 302-0591
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LINE
ITEM COM # DESCRIPTION QTY UOM
FERGUSON
ENTERPRISES
FERGUSON
EXTENDED
ICONIX
WATERWORKS
ICONIX
EXTENDED PACE SUPPLY PACE EXTENDED
AMERICAN AVK
COMPANY
AMERICAN AVK
EXTENDED
1 100000 BOX, FIBRELYTE FL8 BOX 10 EA $ 44.80 $ 448.00 $ 43.63 $ 436.30 $ 52.00 $ 520.00 NO BID NO BID 2 100010 BOX, CONCRETE F08, 8 1/2" ROUND 300 EA $ 20.90 $ 6,270.00 $ 20.36 $ 6,108.00 $ 24.00 $ 7,200.00 NO BID NO BID 3 100020 BOX, CONCRETE UTILITY B9 BOX 1 EA $ 35.20 $ 35.20 $ 34.26 $ 34.26 $ 42.00 $ 42.00 NO BID NO BID 4 100040 BOX, CONCRETE UTILITY B12 BOX 20 EA $ 36.60 $ 732.00 $ 35.64 $ 712.80 $ 42.00 $ 840.00 NO BID NO BID 5 100050 BOX, FIBERLYTE FL 12 BOX 500 EA $ 118.30 $ 59,150.00 $ 115.36 $ 57,680.00 $ 136.00 $ 68,000.00 NO BID NO BID 6 100060 BOX, FIBRELYTE 12" FL30 BOX 12 1 EA $ 221.70 $ 221.70 $ 216.19 $ 216.19 $ 153.00 $ 153.00 NO BID NO BID 7 100080 BOX, CONCRETE ELECTRICAL N30 BOX 1 EA $ 50.60 $ 50.60 $ 49.29 $ 49.29 $ 58.00 $ 58.00 NO BID NO BID 8 100100 BOX, FIBRELYTE 12" FL36 BOX 12 14 EA $ 192.90 $ 2,700.60 $ 188.07 $ 2,632.98 $ 222.00 $ 3,108.00 NO BID NO BID 9 100120 BOX, CONCRETE UTILITY B36 BOX 5 EA $ 67.90 $ 339.50 $ 66.17 $ 330.85 $ 78.00 $ 390.00 NO BID NO BID 10 100180 BOX, CONCRETE VALVE TRAFFIC G5 BOX 230 EA $ 42.80 $ 9,844.00 $ 41.72 $ 9,595.60 $ 46.50 $ 10,695.00 NO BID NO BID 11 101000 COVER, CAST IRON MARKED WATER F8C 1 EA $ 28.60 $ 28.60 $ 27.87 $ 27.87 $ 31.00 $ 31.00 NO BID NO BID 12 101010 COVER, CAST IRON MARKED SEWER F8C 300 EA $ 28.60 $ 8,580.00 $ 27.87 $ 8,361.00 $ 31.00 $ 9,300.00 NO BID NO BID 13 101020 COVER, CAST IRON MARKED WATER B9C 8 EA $ 61.30 $ 490.40 $ 59.74 $ 477.92 $ 66.50 $ 532.00 NO BID NO BID 14 101021 COVER, FIBERLYTE W/CI READ LID MARKED WATER FL9D 50 EA $ 82.60 $ 4,130.00 $ 80.48 $ 4,024.00 $ 90.00 $ 4,500.00 NO BID NO BID 15 101040 COVER, CAST IRON MARKED WATER B12C 50 EA $ 50.90 $ 2,545.00 $ 49.57 $ 2,478.50 $ 132.00 $ 6,600.00 NO BID NO BID 16 101041 COVER, FIBERLYTE W/CI READ LID MARKED WATER FL12D 500 EA $ 66.30 $ 33,150.00 $ 64.64 $ 32,320.00 $ 72.00 $ 36,000.00 NO BID NO BID 17 101080 COVER, FIBRELYTE, MARKED ELEC., TRAFFIC SIGNAL, ST. LIGHT, WATER FL30D & 101084 1 EA $ 118.30 $ 118.30 $ 115.36 $ 115.36 $ 136.00 $ 136.00 NO BID NO BID 18 101081 COVER, CONCRETE MARKED ELECTRIC, TRAFFIC SIGNAL, OR STREET LIGHT N30D 1 EA $ 47.30 $ 47.30 $ 46.08 $ 46.08 $ 55.00 $ 55.00 NO BID NO BID 19 101082 COVER, CONCRETE W/CI READ LID MARKED WATER B30G 1 EA $ 65.70 $ 65.70 $ 64.03 $ 64.03 $ 78.00 $ 78.00 NO BID NO BID 20 101120 COVER, CONCRETE MARKED TRAFFIC SIGNAL B36D 1 EA $ 66.50 $ 66.50 $ 291.17 $ 291.17 $ 77.00 $ 77.00 NO BID NO BID 21 101121 COVER, CONCRETE W/CI READ LID MARKED WATER B36G 5 EA $ 81.60 $ 408.00 $ 79.56 $ 397.80 $ 94.00 $ 470.00 NO BID NO BID 22 101123 COVER, FIBRELYTE MARKED TRAFFIC SIGNAL OR WATER FL36D & 101124 1 EA $ 187.30 $ 187.30 $ 182.57 $ 182.57 $ 217.00 $ 217.00 NO BID NO BID 23 101180 COVER, CAST IRON TRAFFIC MARKED/ WATER/SEWER OR MONUMENT G5C 450 EA $ 32.20 $ 14,490.00 $ 31.34 $ 14,103.00 $ 35.00 $ 15,750.00 NO BID NO BID 24 103181 RING, GRADE CI (RISER) G5 1" W/BOLTS INSTALLED G5GR10 2 EA $ 45.40 $ 90.80 $ 44.20 $ 88.40 $ 56.00 $ 112.00 NO BID NO BID 25 103182 RING, GRADE CI (RISER) G5 1 1/2" W/BOLTS INSTALLED G5GR15 2 EA $ 51.70 $ 103.40 $ 50.37 $ 100.74 $ 63.00 $ 126.00 NO BID NO BID 26 103183 RING, GRADE CI (RISER) G5 2" W/BOLTS INSTALLED G5GR20 2 EA $ 65.10 $ 130.20 $ 63.49 $ 126.98 $ 80.00 $ 160.00 NO BID NO BID 27 101200 COVER, FIBERLYTE W/CI READ LID MARKED WATER FL16D 1 EA $ 84.20 $ 84.20 $ 82.08 $ 82.08 $ 130.00 $ 130.00 NO BID NO BID 28 101083 COVER, CHECKER, PLATE WITH READ LID, CHRISTY B30-61G 1 EA $ 244.50 $ 244.50 $ 238.40 $ 238.40 $ 281.00 $ 281.00 NO BID NO BID 29 101122 COVER, CHECKER, PLATE WITH READ LID, CHRISTY B36-61G 1 EA $ 298.60 $ 298.60 $ 291.17 $ 291.17 $ 343.00 $ 343.00 NO BID NO BID 30 101220
COVER, CAST IRON MARKED
WATER BES G5C BES ONLY NO SUB 1 EA $ 32.20 $ 32.20 $ 31.34 $ 31.34 $ 35.00 $ 35.00 NO BID NO BID 31 101370
COVER, PLASTIC, GREEN MARKED
"WATER" 15 1/2" X 10 3/16" NDS D1200SGWTRL 1 EA $ 24.60 $ 24.60 $ 28.00 $ 28.00 $ 60.00 $ 60.00 NO BID NO BID 32 101375
COVER, PLASTIC, GRN MKD "WTR MTR" CVR:19.75" X 13.25" LID: 7.5" X 4.5" CARSON 1220- 5 1 EA $ 37.50 $ 37.50 $ 36.56 $ 36.56 $ 200.00 $ 200.00 NO BID NO BID 33 105000 GRATE ONLY, CAST IRON A109/C-2818-01 1 EA $ 212.00 $ 212.00 $ 206.70 $ 206.70 $ 278.00 $ 278.00 NO BID NO BID 34 105100
COVER, CI MANHOLE, W/ONE VENT HOLE TO BE MKD CITY OF MODESTO SEWER OR STORM 50 EA $ 330.50 $ 16,525.00 $ 322.24 $ 16,112.00 $ 434.00 $ 21,700.00 NO BID NO BID 35 107100
ASSEMBLY, CI MANHOLE COVER TO BE MARKED: "CITY OF MODESTO" "SEWER" OR "STORM" 50 EA $ 639.00 $ 31,950.00 $ 322.24 $ 16,112.00 $ 434.00 $ 21,700.00 NO BID NO BID 36 NEW ITEM
BOX, CI, ROUND, 10", WITHOUT FLANGE, BINGHAM & TAYLOR MARK V, CUL10RHVY, NO SUB 1 EA $ 96.60 $ 96.60 $ 92.01 $ 92.01 $ 150.00 $ 150.00 NO BID NO BID 37 100022 BOX, CI, ROUND, 10", WITH FLANGE, BINGHAM & TAYLOR MARK V, CUL10RHVYF, NO SUB 200 EA $ 135.50 $ 27,100.00 $ 134.63 $ 26,926.00 $ 207.00 $ 41,400.00 NO BID NO BID 38 101022 COVER, CI, ROUND, 10", STANDARD WATER, BINGHAM & TAYLOR MARK V, CUL10LHVYW 200 EA $ 43.60 $ 8,720.00 $ 43.95 $ 8,790.00 $ 66.00 $ 13,200.00 NO BID NO BID 39 128100
KIT GRIP RING ACCESSORY 4"
C900 ROMAC ONLY NO SUB 75 EA $ 65.00 $ 4,875.00 $ 65.00 $ 4,875.00 $ 69.00 $ 5,175.00 NO BID NO BID 40 128110
KIT GRIP RING ACCESSORY 6"
C900 ROMAC ONLY NO SUB 275 EA $ 75.00 $ 20,625.00 $ 75.00 $ 20,625.00 $ 79.00 $ 21,725.00 NO BID NO BID 41 128120
KIT GRIP RING ACCESSORY 8"
C900 ROMAC ONLY NO SUB 251 EA $ 107.00 $ 26,857.00 $ 107.00 $ 26,857.00 $ 113.00 $ 28,363.00 NO BID NO BID 42 128130
KIT GRIP RING ACCESSORY 10"
C900 ROMAC ONLY NO SUB 38 EA $ 153.00 $ 5,814.00 $ 153.00 $ 5,814.00 $ 163.00 $ 6,194.00 NO BID NO BID 43 128140
KIT GRIP RING ACCESSORY 12"
C900 ROMAC ONLY NO SUB 88 EA $ 210.00 $ 18,480.00 $ 210.00 $ 18,480.00 $ 223.00 $ 19,624.00 NO BID NO BID 44 128200 GRIP RING 4" SDR 7 EA $ 76.30 $ 534.10 $ 65.00 $ 455.00 $ 79.00 $ 553.00 NO BID NO BID 45 128210 GRIP RING 6" SDR 5 EA $ 92.60 $ 463.00 $ 75.00 $ 375.00 $ 101.00 $ 505.00 NO BID NO BID 46 128220 GRIP RING 8" SDR 1 EA $ 129.90 $ 129.90 $ 107.00 $ 107.00 $ 144.00 $ 144.00 NO BID NO BID 47 128230 GRIP RING 10" SDR 1 EA $ 225.50 $ 225.50 $ 153.00 $ 153.00 $ 263.00 $ 263.00 NO BID NO BID 48 128240 ACCESSORY PACK GRIP RING 12" SDR 4 EA $ 239.20 $ 956.80 $ 210.00 $ 840.00 $ 299.00 $ 1,196.00 NO BID NO BID 49 128300 MEGA LUG C900 16" 1 EA $ 293.40 $ 293.40 $ 275.00 $ 275.00 $ 307.00 $ 307.00 NO BID NO BID 50 128310 MEGA LUG DUCTILE 16" 1 EA $ 234.20 $ 234.20 $ 269.00 $ 269.00 $ 243.00 $ 243.00 NO BID NO BID 51 212000 CHECK VALVE HYDRANT BREAK OFF SP-CLP619 12 EA $ 1,925.00 $ 23,100.00 $ 1,971.60 $ 23,659.20 $ 1,955.00 $ 23,460.00 NO BID NO BID 52 212005 CHECK VALVE HYDRANT REPAIR KIT, 6 HOLE CR1621360, LP619 2 EA $ 259.00 $ 518.00 $ 286.20 $ 572.40 $ 280.00 $ 560.00 NO BID NO BID 53 212010 CHECK VALVE HYDRANT FLOWGUARD S24 AVK 3 EA $ 1,800.80 $ 5,402.40 $ 1,832.44 $ 5,497.32 $ 2,222.00 $ 6,666.00 $ 1,488.62 $ 4,465.86 54 128500 ADAPTER DI MJ X F 4" X 4" 6" LONG 4 EA $ 59.00 $ 236.00 $ 59.00 $ 236.00 $ 63.00 $ 252.00 NO BID NO BID 55 128510 ADAPTER DI MJ X F 6" X 6" 6" LONG 5 EA $ 81.00 $ 405.00 $ 81.00 $ 405.00 $ 87.00 $ 435.00 NO BID NO BID 56 128520 ADAPTER DI MJ X F 8" X 8" 6" LONG 11 EA $ 121.00 $ 1,331.00 $ 121.00 $ 1,331.00 $ 130.00 $ 1,430.00 NO BID NO BID 57 128530 ADAPTER DI MJ X F 10" X 10" 6" LONG 2 EA $ 210.00 $ 420.00 $ 210.00 $ 420.00 $ 226.00 $ 452.00 NO BID NO BID #10..
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58 128540 ADAPTER DI MJ X F 12" X 12" 6" LONG
6 EA $ 269.00 $ 1,614.00 $ 269.00 $ 1,614.00 $ 289.00 $ 1,734.00 NO BID NO BID 59 129220 BEND OFFSET DI MJ 4" X 12"
1 EA $ 126.00 $ 126.00 $ 126.00 $ 126.00 $ 159.00 $ 159.00 NO BID NO BID 60 129240 BEND OFFSET DI MJ 4" X 18"
1 EA $ 170.00 $ 170.00 $ 170.00 $ 170.00 $ 128.00 $ 128.00 NO BID NO BID 61 129260 BEND OFFSET DI MJ 4" X 24"
1 EA $ 196.00 $ 196.00 $ 196.00 $ 196.00 $ 228.00 $ 228.00 NO BID NO BID 62 129320 BEND OFFSET DI MJ 6" X 12" 10 EA $ 216.00 $ 2,160.00 $ 216.00 $ 2,160.00 $ 256.00 $ 2,560.00 NO BID NO BID 63 129340 BEND OFFSET DI MJ 6" X 18"
3 EA $ 265.00 $ 795.00 $ 265.00 $ 795.00 $ 312.00 $ 936.00 NO BID NO BID 64 129360 BEND OFFSET DI MJ 6" X 24"
2 EA $ 335.00 $ 670.00 $ 335.00 $ 670.00 $ 395.00 $ 790.00 NO BID NO BID 65 129520 BEND OFFSET DI MJ 8" X 12"
9 EA $ 308.00 $ 2,772.00 $ 308.00 $ 2,772.00 $ 363.00 $ 3,267.00 NO BID NO BID 66 129540 BEND OFFSET DI MJ 8" X 18"
4 EA $ 383.00 $ 1,532.00 $ 383.00 $ 1,532.00 $ 450.00 $ 1,800.00 NO BID NO BID 67 129560 BEND OFFSET DI MJ 8" X 24"
1 EA $ 546.00 $ 546.00 $ 546.00 $ 546.00 $ 645.00 $ 645.00 NO BID NO BID 68 129620 BEND OFFSET DI MJ 10" X 12"
1 EA $ 450.00 $ 450.00 $ 450.00 $ 450.00 $ 530.00 $ 530.00 NO BID NO BID 69 129640 BEND OFFSET DI MJ 10" X 18"
2 EA $ 534.00 $ 1,068.00 $ 534.00 $ 1,068.00 $ 594.00 $ 1,188.00 NO BID NO BID 70 129660 BEND OFFSET DI MJ 10" X 24"
2 EA $ 1,075.20 $ 2,150.40 $ 917.00 $ 1,834.00 $ 1,163.00 $ 2,326.00 NO BID NO BID 71 129720 BEND OFFSET DI MJ 12" X 12"
2 EA $ 537.00 $ 1,074.00 $ 537.00 $ 1,074.00 $ 599.00 $ 1,198.00 NO BID NO BID 72 129740 BEND OFFSET DI MJ 12" X 18"
3 EA $ 650.00 $ 1,950.00 $ 650.00 $ 1,950.00 $ 722.00 $ 2,166.00 NO BID NO BID 73 129760 BEND OFFSET DI MJ 12" X 24"
1 EA $ 917.00 $ 917.00 $ 917.00 $ 917.00 $ 1,018.00 $ 1,018.00 NO BID NO BID 74 130010 CROSS FIG 4"
1 EA $ 172.00 $ 172.00 $ 172.00 $ 172.00 $ 232.00 $ 232.00 NO BID NO BID 75 130020 CROSS FIG 6"
1 EA $ 359.20 $ 359.20 $ 210.00 $ 210.00 $ 376.00 $ 376.00 NO BID NO BID 76 130030 CROSS FIG 8"
2 EA $ 536.60 $ 1,073.20 $ 229.00 $ 458.00 $ 561.00 $ 1,122.00 NO BID NO BID 77 130040 CROSS FIG 10"
1 EA $ 1,059.80 $ 1,059.80 $ 368.00 $ 368.00 $ 1,108.00 $ 1,108.00 NO BID NO BID 78 130050 CROSS FIG 12"
1 EA $ 1,199.50 $ 1,199.50 $ 644.00 $ 644.00 $ 1,254.00 $ 1,254.00 NO BID NO BID 79 130090 CROSS DI FLG 10" X 8"
1 EA $ 830.00 $ 830.00 $ 830.00 $ 830.00 $ 890.00 $ 890.00 NO BID NO BID 80 NEW ITEM CROSS DI FLG 12" X 8"
1 EA $ 1,080.00 $ 1,080.00 $ 1,080.00 $ 1,080.00 $ 1,200.00 $ 1,200.00 NO BID NO BID 81 NEW ITEM CROSS DI FLG 12" X 10"
1 EA $ 1,298.00 $ 1,298.00 $ 1,298.00 $ 1,298.00 $ 1,441.00 $ 1,441.00 NO BID NO BID 82 NEW ITEM CROSS DI FLG 16" X 16" X 12" X 12"
1 EA $ 1,892.00 $ 1,892.00 $ 1,892.00 $ 1,892.00 $ 2,232.00 $ 2,232.00 NO BID NO BID 83 130300 BEND CI FLANGE X FLANGE 4" X 90°
5 EA $ 113.00 $ 565.00 $ 113.00 $ 565.00 $ 123.00 $ 615.00 NO BID NO BID 84 130310 BEND CI FLANGE X FLANGE 6" X 90°
1 EA $ 175.00 $ 175.00 $ 175.00 $ 175.00 $ 189.00 $ 189.00 NO BID NO BID 85 130320 BEND CI FLANGE X FLANGE 8" X 90°
2 EA $ 286.00 $ 572.00 $ 286.00 $ 572.00 $ 307.00 $ 614.00 NO BID NO BID 86 130330 BEND CI FLANGE X FLANGE 10" X 90°
1 EA $ 455.00 $ 455.00 $ 455.00 $ 455.00 $ 490.00 $ 490.00 NO BID NO BID 87 130340 BEND CI FLANGE X FLANGE 12" X 90°
1 EA $ 592.00 $ 592.00 $ 592.00 $ 592.00 $ 656.00 $ 656.00 NO BID NO BID 88 130400 BEND DI MJ 11.25 4"
1 EA $ 47.00 $ 47.00 $ 47.00 $ 47.00 $ 52.00 $ 52.00 NO BID NO BID 89 130410 BEND DI MJ 11.25 6"
1 EA $ 78.00 $ 78.00 $ 78.00 $ 78.00 $ 82.00 $ 82.00 NO BID NO BID 90 130420 BEND DI MJ 11.25 8"
1 EA $ 105.00 $ 105.00 $ 105.00 $ 105.00 $ 124.00 $ 124.00 NO BID NO BID 91 130430 BEND DI MJ 11.25 10"
1 EA $ 174.60 $ 174.60 $ 105.00 $ 105.00 $ 184.00 $ 184.00 NO BID NO BID 92 130440 BEND DI MJ 11.25 12"
1 EA $ 210.00 $ 210.00 $ 210.00 $ 210.00 $ 240.00 $ 240.00 NO BID NO BID 93 130450 BEND DI MJ 22.50 4"
1 EA $ 48.00 $ 48.00 $ 48.00 $ 48.00 $ 52.00 $ 52.00 NO BID NO BID 94 130460 BEND DI MJ 22.50 6"
6 EA $ 74.00 $ 444.00 $ 74.00 $ 444.00 $ 79.00 $ 474.00 NO BID NO BID 95 130470 BEND DI MJ 22.50 8"
5 EA $ 116.00 $ 580.00 $ 116.00 $ 580.00 $ 124.00 $ 620.00 NO BID NO BID 96 130480 BEND DI MJ 22.50 10"
2 EA $ 171.00 $ 342.00 $ 171.00 $ 342.00 $ 189.00 $ 378.00 NO BID NO BID 97 130490 BEND DI MJ 22.50 12"
1 EA $ 224.00 $ 224.00 $ 224.00 $ 224.00 $ 249.00 $ 249.00 NO BID NO BID 98 130500 BEND DI MJ 4" X 45°
2 EA $ 51.00 $ 102.00 $ 51.00 $ 102.00 $ 55.00 $ 110.00 NO BID NO BID 99 130510 BEND DI MJ 6" X 45° 13 EA $ 81.00 $ 1,053.00 $ 81.00 $ 1,053.00 $ 88.00 $ 1,144.00 NO BID NO BID 100 130520 BEND DI MJ 8" X 45°
3 EA $ 118.00 $ 354.00 $ 118.00 $ 354.00 $ 128.00 $ 384.00 NO BID NO BID 101 130530 BEND DI MJ 10" X 45°
2 EA $ 172.00 $ 344.00 $ 172.00 $ 344.00 $ 184.00 $ 368.00 NO BID NO BID 102 130540 BEND DI MJ 12" X 45°4 EA $ 257.00 $ 1,028.00 $ 257.00 $ 1,028.00 $ 278.00 $ 1,112.00 NO BID NO BID 103 130700 BEND DI MJ X FLANGE 4" X 45°
1 EA $ 77.00 $ 77.00 $ 77.00 $ 77.00 $ 85.00 $ 85.00 NO BID NO BID 104 130710 BEND DI MJ X FLANGE 6" X 45°
2 EA $ 111.00 $ 222.00 $ 111.00 $ 222.00 $ 120.00 $ 240.00 NO BID NO BID 105 130720 BEND DI MJ X FLANGE 8" X 45°
1 EA $ 214.00 $ 214.00 $ 214.00 $ 214.00 $ 230.00 $ 230.00 NO BID NO BID 106 130730 BEND DI MJ X FLANGE 10" X 45°
4 EA $ 314.00 $ 1,256.00 $ 314.00 $ 1,256.00 $ 350.00 $ 1,400.00 NO BID NO BID 107 130740 BEND DI MJ X FLANGE 12" X 45°
1 EA $ 467.00 $ 467.00 $ 467.00 $ 467.00 $ 520.00 $ 520.00 NO BID NO BID 108 131500 BEND DI MJ 4" X 90°
6 EA $ 62.00 $ 372.00 $ 62.00 $ 372.00 $ 66.00 $ 396.00 NO BID NO BID 109 131510 BEND DI MJ 6" X 90° 18 EA $ 101.00 $ 1,818.00 $ 101.00 $ 1,818.00 $ 111.00 $ 1,998.00 NO BID NO BID 110 131520 BEND DI MJ 8" X 90° 12 EA $ 146.00 $ 1,752.00 $ 146.00 $ 1,752.00 $ 158.00 $ 1,896.00 NO BID NO BID 111 131530 BEND DI MJ 10" X 90°
1 EA $ 230.00 $ 230.00 $ 230.00 $ 230.00 $ 260.00 $ 260.00 NO BID NO BID 112 131540 BEND DI MJ 12" X 90°
3 EA $ 310.00 $ 930.00 $ 310.00 $ 930.00 $ 350.00 $ 1,050.00 NO BID NO BID 113 131700 BEND DI MJ X F 4" X 90°
4 EA $ 70.00 $ 280.00 $ 70.00 $ 280.00 $ 78.00 $ 312.00 NO BID NO BID 114 131710 BEND DI MJ X F 6 X 90°3 EA $ 123.00 $ 369.00 $ 123.00 $ 369.00 $ 133.00 $ 399.00 NO BID NO BID 115 131720 BEND DI MJ X F 8" X 90°7 EA $ 215.00 $ 1,505.00 $ 215.00 $ 1,505.00 $ 233.00 $ 1,631.00 NO BID NO BID 116 131730 BEND DI MJ X F 10" X 90°3 EA $ 350.00 $ 1,050.00 $ 350.00 $ 1,050.00 $ 379.00 $ 1,137.00 NO BID NO BID 117 131740 BEND DI MJ X F 12 X 90°1 EA $ 503.00 $ 503.00 $ 503.00 $ 503.00 $ 565.00 $ 565.00 NO BID NO BID 118 132100 CAP DI MJ 4" WITH 2" FIPT OUTLET3 EA $ 48.00 $ 144.00 $ 48.00 $ 144.00 $ 52.00 $ 156.00 NO BID NO BID 119 132120 CAP DI MJ 6" WITH 2" FIPT OUTLET9 EA $ 65.00 $ 585.00 $ 65.00 $ 585.00 $ 73.00 $ 657.00 NO BID NO BID 120
NEW
ITEM CAP DI MJ 6" WITH 4" FIPT OUTLET
1 EA $ 150.80 $ 150.80 $ 505.00 $ 505.00 $ 160.00 $ 160.00 NO BID NO BID 121 132140 CAP DI MJ 8" WITH 2" FIPT OUTLET 15 EA $ 91.00 $ 1,365.00 $ 91.00 $ 1,365.00 $ 101.00 $ 1,515.00 NO BID NO BID 122 132145 CAP DI MJ 8" WITH 4" FIPT OUTLET1 EA $ 177.60 $ 177.60 $ 536.00 $ 536.00 $ 240.00 $ 240.00 NO BID NO BID 123 132160 CAP DI MJ 10" WITH 2" FIPT OUTLET2 EA $ 108.00 $ 216.00 $ 108.00 $ 216.00 $ 121.00 $ 242.00 NO BID NO BID 124 132165 CAP DI MJ 10" WITH 4" FIPT OUTLET1 EA $ 194.80 $ 194.80 $ 576.00 $ 576.00 $ 340.00 $ 340.00 NO BID NO BID 125 132180 CAP DI MJ 12" WITH 2" FIPT OUTLET3 EA $ 150.00 $ 450.00 $ 150.00 $ 450.00 $ 170.00 $ 510.00 NO BID NO BID 126
NEW
ITEM CAP DI MJ 12" WITH 4" FIPT OUTLET
1 EA $ 237.40 $ 237.40 $ 609.00 $ 609.00 $ 425.00 $ 425.00 NO BID NO BID 127 132203 CAP DI MJ 16" WITH 4" FIPT OUTLET1 EA $ 367.00 $ 367.00 $ 997.00 $ 997.00 $ 800.00 $ 800.00 NO BID NO BID 128 132210 MJ PLUG / 2" FIPT OUTLET 4"1 EA $ 53.00 $ 53.00 $ 53.00 $ 53.00 $ 60.00 $ 60.00 NO BID NO BID #10..
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129
NEW
ITEM PLUG MJ 6" WITH 2" FIPT OUTLET
1 EA $ 77.00 $ 77.00 $ 77.00 $ 77.00 $ 92.00 $ 92.00 NO BID NO BID 130 132215 MJ PLUG / 4" FIPT OUTLET 6"4 EA $ 164.20 $ 656.80 $ 533.00 $ 2,132.00 $ 175.00 $ 700.00 NO BID NO BID 131 132219 MJ PLUG / 2" FIPT OUTLET 8"5 EA $ 104.00 $ 520.00 $ 104.00 $ 520.00 $ 125.00 $ 625.00 NO BID NO BID 132 132220 MJ PLUG / 4" FIPT OUTLET 8"2 EA $ 190.50 $ 381.00 $ 567.00 $ 1,134.00 $ 240.00 $ 480.00 NO BID NO BID 133 132225 MJ PLUG / 4" FIPT OUTLET 10"1 EA $ 251.30 $ 251.30 $ 599.00 $ 599.00 $ 360.00 $ 360.00 NO BID NO BID 134 132230 MJ PLUG / 4" FIPT OUTLET 12"2 EA $ 249.40 $ 498.80 $ 630.00 $ 1,260.00 $ 445.00 $ 890.00 NO BID NO BID 135 132300 REDUCER DI MJ 6" X 4"1 EA $ 58.00 $ 58.00 $ 58.00 $ 58.00 $ 66.00 $ 66.00 NO BID NO BID 136 132310 REDUCER, SMALL END BELL 6" X 4"7 EA $ 60.00 $ 420.00 $ 60.00 $ 420.00 $ 71.00 $ 497.00 NO BID NO BID 137 132400 REDUCER DI MJ 8" X 6"1 EA $ 85.00 $ 85.00 $ 85.00 $ 85.00 $ 95.00 $ 95.00 NO BID NO BID 138 132480 REDUCER DI MJ 12" X 8"3 EA $ 146.00 $ 438.00 $ 146.00 $ 438.00 $ 160.00 $ 480.00 NO BID NO BID 139 132500 REDUCER DI MJ 12" X 10"1 EA $ 163.00 $ 163.00 $ 163.00 $ 163.00 $ 185.00 $ 185.00 NO BID NO BID 140 132610 REDUCER MJ SMALL END BELL 8" X 6"9 EA $ 91.00 $ 819.00 $ 91.00 $ 819.00 $ 99.00 $ 891.00 NO BID NO BID 141 132620 REDUCER MJ SMALL END BELL 10" X 8"2 EA $ 151.00 $ 302.00 $ 151.00 $ 302.00 $ 178.00 $ 356.00 NO BID NO BID 142 132630 REDUCER, LARGE END BELL 6" X 4"1 EA $ 91.00 $ 91.00 $ 91.00 $ 91.00 $ 99.00 $ 99.00 NO BID NO BID 143 132650 REDUCER, LARGE END BELL 8" X 6"1 EA $ 83.00 $ 83.00 $ 83.00 $ 83.00 $ 93.00 $ 93.00 NO BID NO BID 144 132680 REDUCER, LARGE END BELL 10" X 8"2 EA $ 152.00 $ 304.00 $ 152.00 $ 304.00 $ 164.00 $ 328.00 NO BID NO BID 145 132720 REDUCER, LARGE END BELL 12" X 10"1 EA $ 199.00 $ 199.00 $ 199.00 $ 199.00 $ 221.00 $ 221.00 NO BID NO BID 146 133800 SLEEVE DI MJ X MJ 4" X 12"1 EA $ 54.00 $ 54.00 $ 54.00 $ 54.00 $ 59.00 $ 59.00 NO BID NO BID 147 133810 SLEEVE DI MJ X MJ 6" X 12"5 EA $ 91.00 $ 455.00 $ 91.00 $ 455.00 $ 98.00 $ 490.00 NO BID NO BID 148 133820 SLEEVE DI MJ X MJ 8" X 12"2 EA $ 146.00 $ 292.00 $ 146.00 $ 292.00 $ 157.00 $ 314.00 NO BID NO BID 149 133830 SLEEVE DI MJ X MJ 10" X 12"1 EA $ 175.00 $ 175.00 $ 175.00 $ 175.00 $ 189.00 $ 189.00 NO BID NO BID 150 133840 SLEEVE DI MJ X MJ 12" X 12"1 EA $ 236.00 $ 236.00 $ 236.00 $ 236.00 $ 253.00 $ 253.00 NO BID NO BID 151 133860 SLEEVE DI MJ X MJ 16" X 12"1 EA $ 263.50 $ 263.50 $ 451.00 $ 451.00 $ 502.00 $ 502.00 NO BID NO BID 152 134140 SPOOL DI FLANGE X FLANGE 4" X 12"3 EA $ 275.00 $ 825.00 $ 275.49 $ 826.48 $ 305.00 $ 915.00 NO BID NO BID 153 134160 SPOOL DI FLANGE X FLANGE 6" X 12"3 EA $ 346.00 $ 1,038.00 $ 346.20 $ 1,038.59 $ 363.00 $ 1,089.00 NO BID NO BID 154 134180 SPOOL DI FLANGE X FLANGE 8" X 12"3 EA $ 511.00 $ 1,533.00 $ 511.00 $ 1,533.01 $ 535.00 $ 1,605.00 NO BID NO BID 155 134340 SPOOL DI FLANGE X FLANGE 4" X 18"1 EA $ 305.00 $ 305.00 $ 306.34 $ 306.34 $ 306.00 $ 306.00 NO BID NO BID 156 134360 SPOOL DI FLANGE X FLANGE 6" X 18"2 EA $ 382.00 $ 764.00 $ 382.66 $ 765.32 $ 392.00 $ 784.00 NO BID NO BID 157 134380 SPOOL DI FLANGE X FLANGE 8" X 18"1 EA $ 560.00 $ 560.00 $ 560.74 $ 560.74 $ 577.00 $ 577.00 NO BID NO BID 158 134740 SPOOL DI FLANGE X FLANGE 4" X 36"1 EA $ 396.00 $ 396.00 $ 396.44 $ 396.44 $ 407.00 $ 407.00 NO BID NO BID 159 134760 SPOOL DI FLANGE X FLANGE 6" X 36"1 EA $ 490.00 $ 490.00 $ 490.78 $ 490.78 $ 503.00 $ 503.00 NO BID NO BID 160 134780 SPOOL DI FLANGE X FLANGE 8" X 36"3 EA $ 713.00 $ 2,139.00 $ 713.38 $ 2,140.14 $ 732.00 $ 2,196.00 NO BID NO BID 161 134790 SPOOL DI FLANGE X FLANGE 4" X 48"1 EA $ 456.86 $ 456.86 $ 456.86 $ 456.86 $ 468.00 $ 468.00 NO BID NO BID 162 134795 SPOOL DI FLANGE X FLANGE 6" X 48"1 EA $ 561.80 $ 561.80 $ 561.80 $ 561.80 $ 577.00 $ 577.00 NO BID NO BID 163 134800 SPOOL DI FLANGE X FLANGE 8" X 48"1 EA $ 1,078.00 $ 1,078.00 $ 815.14 $ 815.14 $ 836.00 $ 836.00 NO BID NO BID 164
NEW
ITEM SPOOL DI FLANGE X FLANGE 10" X 48"
1 EA $ 1,051.52 $ 1,051.52 $ 1,051.52 $ 1,051.52 $ 1,078.00 $ 1,078.00 NO BID NO BID 165 134805 SPOOL DI FLANGE X FLANGE 12" X 48"1 EA $ 1,360.00 $ 1,360.00 $ 1,362.10 $ 1,362.10 $ 1,397.00 $ 1,397.00 NO BID NO BID 166 134820 SPOOL DI FLANGE X FLANGE 4" X 60"1 EA $ 504.00 $ 504.00 $ 517.28 $ 517.28 $ 515.00 $ 515.00 NO BID NO BID 167 134825 SPOOL DI FLANGE X FLANGE 6" X 60"7 EA $ 633.88 $ 4,437.16 $ 633.88 $ 4,437.16 $ 651.00 $ 4,557.00 NO BID NO BID 168 134830 SPOOL DI FLANGE X FLANGE 8" X 60"1 EA $ 915.00 $ 915.00 $ 915.84 $ 915.84 $ 940.00 $ 940.00 NO BID NO BID 169 134850 SPOOL DI FLANGE X FLANGE 10" X 60"3 EA $ 1,183.00 $ 3,549.00 $ 1,184.02 $ 3,552.06 $ 1,215.00 $ 3,645.00 NO BID NO BID 170 134840 SPOOL DI FLANGE X FLANGE 4" X 72"5 EA $ 576.00 $ 2,880.00 $ 577.70 $ 2,888.50 $ 606.00 $ 3,030.00 NO BID NO BID 171 134860 SPOOL DI FLANGE X FLANGE 6" X 72"2 EA $ 706.00 $ 1,412.00 $ 707.02 $ 1,414.04 $ 740.00 $ 1,480.00 NO BID NO BID 172 134855 SPOOL DI FLANGE X FLANGE 10" X 72"2 EA $ 1,315.00 $ 2,630.00 $ 1,316.52 $ 2,633.04 $ 1,385.00 $ 2,770.00 NO BID NO BID 173 135100 TEE CI FLG X FLG 4"1 EA $ 206.00 $ 206.00 $ 206.00 $ 206.00 $ 222.00 $ 222.00 NO BID NO BID 174 135110 TEE CI FLG X FLG 6"1 EA $ 256.00 $ 256.00 $ 256.00 $ 256.00 $ 275.00 $ 275.00 NO BID NO BID 175 135120 TEE CI FLG X FLG 8" 10 EA $ 427.00 $ 4,270.00 $ 427.00 $ 4,270.00 $ 474.00 $ 4,740.00 NO BID NO BID 176 135130 TEE CI FLG X FLG 10"2 EA $ 649.00 $ 1,298.00 $ 649.00 $ 1,298.00 $ 720.00 $ 1,440.00 NO BID NO BID 177 135140 TEE CI FLG X FLG 12"1 EA $ 924.00 $ 924.00 $ 924.00 $ 924.00 $ 1,050.00 $ 1,050.00 NO BID NO BID 178 135200 TEE FIG SMALL END BELL 10" X 6"1 EA $ 351.10 $ 351.10 $ 231.00 $ 231.00 $ 580.00 $ 580.00 NO BID NO BID 179 135300 TEE CI FLG X FLG 8" X 6"2 EA $ 368.00 $ 736.00 $ 368.00 $ 736.00 $ 398.00 $ 796.00 NO BID NO BID 180 135310 TEE FIG SMALL END BELL 10" X 8"1 EA $ 377.90 $ 377.90 $ 270.00 $ 270.00 $ 600.00 $ 600.00 NO BID NO BID 181 135400 TEE CI FLG X FLG 12" X 6"4 EA $ 763.30 $ 3,053.20 $ 784.00 $ 3,136.00 $ 798.00 $ 3,192.00 NO BID NO BID 182 135410 TEE CI FLG X FLG 12" X 8"3 EA $ 784.00 $ 2,352.00 $ 784.00 $ 2,352.00 $ 840.00 $ 2,520.00 NO BID NO BID 183 135495 TEE FLG 16" X 12"1 EA $ 1,460.00 $ 1,460.00 $ 1,460.00 $ 1,460.00 $ 1,730.00 $ 1,730.00 NO BID NO BID 184 135500 TEE DI MJ X MJ X FLANGE 4"1 EA $ 105.00 $ 105.00 $ 105.00 $ 105.00 $ 120.00 $ 120.00 NO BID NO BID 185 135510 TEE DI MJ X MJ X FLANGE 6"2 EA $ 166.00 $ 332.00 $ 166.00 $ 332.00 $ 180.00 $ 360.00 NO BID NO BID 186 135520 TEE DI MJ X MJ X FLANGE 8"8 EA $ 256.00 $ 2,048.00 $ 256.00 $ 2,048.00 $ 275.00 $ 2,200.00 NO BID NO BID 187 135525 TEE MJ X FLG DI 10"1 EA $ 468.00 $ 468.00 $ 468.00 $ 468.00 $ 510.00 $ 510.00 NO BID NO BID 188 135600 TEE DI MJ X MJ X FLANGE 8" X 6"3 EA $ 201.00 $ 603.00 $ 201.00 $ 603.00 $ 215.00 $ 645.00 NO BID NO BID 189 135650 TEE MJ X FIG 10" X 6"1 EA $ 342.00 $ 342.00 $ 342.00 $ 342.00 $ 380.00 $ 380.00 NO BID NO BID 190 135700 TEE DI MJ X MJ X FLANGE 12" X 6"1 EA $ 384.00 $ 384.00 $ 384.00 $ 384.00 $ 415.00 $ 415.00 NO BID NO BID 191 135710 TEE DI MJ X MJ X FLANGE 12" X 8"1 EA $ 427.00 $ 427.00 $ 427.00 $ 427.00 $ 475.00 $ 475.00 NO BID NO BID 192 136090 BURY HYDRANT MJ X F 6" X 6" X 24"2 EA $ 350.00 $ 700.00 $ 384.78 $ 769.56 $ 415.00 $ 830.00 NO BID NO BID 193 136095 BURY HYDRANT MJ X F 6" X 6" X 30"1 EA $ 345.00 $ 345.00 $ 384.78 $ 384.78 $ 430.00 $ 430.00 NO BID NO BID 194 136100 BURY HYDRANT DI MJ X F 6" X 6" X 36"3 EA $ 359.00 $ 1,077.00 $ 408.10 $ 1,224.30 $ 439.00 $ 1,317.00 NO BID NO BID 195 136150 BURY HYDRANT DI MJ X F 6" X 6" X 42" 28 EA $ 410.00 $ 11,480.00 $ 477.00 $ 13,356.00 $ 428.00 $ 11,984.00 NO BID NO BID 196 136170 FLANGE BLIND CI OR STEEL 6 HOLE 6" CLASS D2 EA $ 150.10 $ 300.20 $ 63.00 $ 126.00 $ 169.00 $ 338.00 NO BID NO BID 197 136200 FLANGE BLIND CI/DI 125LB 4"1 EA $ 53.00 $ 53.00 $ 53.00 $ 53.00 $ 60.00 $ 60.00 NO BID NO BID 198 136210 FLANGE BLIND CI/DI 125LB 6"2 EA $ 79.00 $ 158.00 $ 79.00 $ 158.00 $ 94.00 $ 188.00 NO BID NO BID 199 136220 FLANGE BLIND CI/DI 125LB 8"1 EA $ 133.00 $ 133.00 $ 133.00 $ 133.00 $ 150.00 $ 150.00 NO BID NO BID #10..
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200 136230 FLANGE BLIND CI/DI 125LB 10" 1 EA $ 199.00 $ 199.00 $ 199.00 $ 199.00 $ 235.00 $ 235.00 NO BID NO BID 201 136240 FLANGE BLIND CI/DI 125LB 12" 1 EA $ 268.00 $ 268.00 $ 268.00 $ 268.00 $ 320.00 $ 320.00 NO BID NO BID 202 136310 RISER HYDRANT CI BREAK OFF FLANGE X FLANGE 6" X 6" 2 EA $ 130.00 $ 260.00 $ 151.58 $ 303.16 $ 149.00 $ 298.00 NO BID NO BID 203 136320 RISER HYDRANT CI BREAK OFF FLANGE X FLANGE 6" X 8" 38 EA $ 134.40 $ 5,107.20 $ 180.20 $ 6,847.60 $ 152.00 $ 5,776.00 NO BID NO BID 204 136330 RISER HYDRANT CI BREAK OFF FLANGE X FLANGE 6" X 10" 39 EA $ 151.40 $ 5,904.60 $ 201.40 $ 7,854.60 $ 170.00 $ 6,630.00 NO BID NO BID 205 136340 RISER HYDRANT CI BREAK OFF FLANGE X FLANGE 6" X 12" 14 EA $ 152.80 $ 2,139.20 $ 206.70 $ 2,893.80 $ 176.00 $ 2,464.00 NO BID NO BID 206
136000
HYDRANT, FIRE WET BARREL, CI BODY, EPOXY COATED. PAINTED YELLOW. (1) 2 1/2" AND (1) 4 1/2" OUTLET. 6 HOLE, WITH VENTED CI CAPS. CAPS TO INCLUDE: CHAIN, CHAIN RING, & GASKET. ACCEPTABLE BRANDS: JONES J4040, CLOW 850, AVK 2470 STATE MFG BRAND: _______________________________________ 100 EA $ 2,110.00 $ 211,000.00 $ 2,038.00 $ 203,800.00 $ 2,043.00 $ 204,300.00 $ 1,470.50 $ 147,050.00 207
136020
HYDRANT, FIRE WET BARREL, CI BODY, EPOXY COATED. PAINTED YELLOW. (2) 2 1/2" AND (1) 4 1/2" OUTLET. 6 HOLE, WITH VENTED CI CAPS. CAPS TO INCLUDE: CHAIN, CHAIN RING, & GASKET. ACCEPTABLE BRANDS: JONES J4060, CLOW 860, AVK 2490 STATE MFG BRAND: _______________________________________ 10 EA $ 2,881.00 $ 28,810.00 $ 2,782.00 $ 27,820.00 $ 2,900.00 $ 29,000.00 $ 2,042.50 $ 20,425.00 208 136900 CAP, HYDRANT, CAST IRON, VENTED WITH CHAIN RING, CHAINS, AND GASKET. 1 EA $ 67.40 $ 67.40 $ 68.00 $ 68.00 $ 78.00 $ 78.00 NO BID NO BID 209 136910 CAP, HYDRANT, CAST IRON, VENTED WITH CHAIN RINGS, CHAIN AND GASKET. 1 EA $ 147.00 $ 147.00 $ 151.00 $ 151.00 $ 175.00 $ 175.00 NO BID NO BID 210
NEW
ITEM
VALVE, SWING CHECK, FLANGE 6"X14” W/OUTSIDE LEVER & WEIGHT STATE MFG BRAND/MDL NO: _____________________________________ 1 EA $ 939.20 $ 939.20 $ 1,672.00 $ 1,672.00 $ 1,275.00 $ 1,275.00 $ 1,046.10 $ 1,046.10 211 144630 VALVE, SWING CHECK, FLANGE 8"X19.5” W/OUTSIDE LEVER & WEIGHT STATE MFG BRAND/MDL NO: _____________________________________ 1 EA $ 1,467.20 $ 1,467.20 $ 2,534.00 $ 2,534.00 $ 2,100.00 $ 2,100.00 $ 1,584.90 $ 1,584.90 212
NEW
ITEM
VALVE, SWING CHECK, FLANGE 10" X 24.5” W/OUTSIDE LEVER & WEIGHT STATE MFG BRAND/MDL NO: _____________________________________ 1 EA $ 1,848.40 $ 1,848.40 $ 4,067.00 $ 4,067.00 $ 3,130.00 $ 3,130.00 $ 2,542.50 $ 2,542.50 213
NEW
ITEM
VALVE, SWING CHECK, FLANGE 12"X 27.5 W/OUTSIDE LEVER & WEIGHT STATE MFG BRAND/MDL NO: _____________________________________ 1 EA $ 2,939.40 $ 2,939.40 $ 5,848.00 $ 5,848.00 $ 4,035.00 $ 4,035.00 $ 3,656.10 $ 3,656.10 214
144710
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. F X F 4"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 605.20 $ 605.20 $ 590.00 $ 590.00 $ 735.00 $ 735.00 $ 487.62 $ 487.62 215
144720
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. F X F 6"
MFG BRAND/MDL NO: _____________________________________ 2 EA $ 860.30 $ 1,720.60 $ 788.00 $ 1,576.00 $ 955.00 $ 1,910.00 $ 651.42 $ 1,302.84 216
144730
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. F X F 8"
MFG BRAND/MDL NO: _____________________________________ 2 EA $ 1,345.00 $ 2,690.00 $ 1,233.00 $ 2,466.00 $ 1,450.00 $ 2,900.00 $ 1,018.50 $ 2,037.00 217
144740
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. F X F 10"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 2,008.70 $ 2,008.70 $ 1,958.00 $ 1,958.00 $ 2,265.00 $ 2,265.00 $ 1,617.42 $ 1,617.42 218
144750
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. F X F 12"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 2,425.50 $ 2,425.50 $ 2,364.00 $ 2,364.00 $ 2,710.00 $ 2,710.00 $ 1,953.42 $ 1,953.42 219
NEW
ITEM
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. F X F 16"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 8,206.00 $ 8,206.00 $ 8,001.00 $ 8,001.00 $ 9,540.00 $ 9,540.00 $ 7,235.34 $ 7,235.34 220
144810
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 4"
MFG BRAND/MDL NO: _____________________________________ 9 EA $ 582.80 $ 5,245.20 $ 568.33 $ 5,114.97 $ 711.00 $ 6,399.00 $ 469.98 $ 4,229.82 221
144820
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 6"
MFG BRAND/MDL NO: _____________________________________ 31 EA $ 779.00 $ 24,149.00 $ 760.00 $ 23,560.00 $ 796.00 $ 24,676.00 $ 627.90 $ 19,464.90 222 144830
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 8"
MFG BRAND/MDL NO: _____________________________________ 30 EA $ 1,217.00 $ 36,510.00 $ 1,165.00 $ 34,950.00 $ 1,248.00 $ 37,440.00 $ 980.70 $ 29,421.00 223 144840
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 10"
MFG BRAND/MDL NO: _____________________________________ 5 EA $ 1,935.00 $ 9,675.00 $ 1,867.00 $ 9,335.00 $ 2,090.00 $ 10,450.00 $ 1,557.78 $ 7,788.90 224 144850
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 12"
MFG BRAND/MDL NO: _____________________________________ 2 EA $ 2,336.00 $ 4,672.00 $ 2,255.00 $ 4,510.00 $ 2,530.00 $ 5,060.00 $ 1,881.18 $ 3,762.36 225 144854
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 16"
MFG BRAND/MDL NO: _____________________________________ 5 EA $ 8,206.00 $ 41,030.00 $ 6,926.00 $ 34,630.00 $ 8,881.00 $ 44,405.00 $ 7,235.34 $ 36,176.70 #10..
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226 144860
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X MJ 4"
MFG BRAND/MDL NO: _____________________________________ 5 EA $ 610.50 $ 3,052.50 $ 590.00 $ 2,950.00 $ 638.00 $ 3,190.00 $ 491.82 $ 2,459.10 227 144870
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X MJ 6"
MFG BRAND/MDL NO: _____________________________________ 5 EA $ 779.00 $ 3,895.00 $ 752.00 $ 3,760.00 $ 810.00 $ 4,050.00 $ 627.90 $ 3,139.50 228 144880
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X MJ 8"
MFG BRAND/MDL NO: _____________________________________ 11 EA $ 1,240.00 $ 13,640.00 $ 1,209.00 $ 13,299.00 $ 1,275.00 $ 14,025.00 $ 999.18 $ 10,990.98 229 144890
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X MJ 10"
MFG BRAND/MDL NO: _____________________________________ 3 EA $ 1,935.00 $ 5,805.00 $ 1,832.00 $ 5,496.00 $ 2,095.00 $ 6,285.00 $ 1,557.78 $ 4,673.34 230 144900
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X MJ 12"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 2,448.00 $ 2,448.00 $ 2,000.00 $ 2,000.00 $ 2,649.00 $ 2,649.00 $ 1,971.06 $ 1,971.06 231 NEW ITEM
VALVE, GATE, RESILIENT SEAT, WITH OPERATING NUT AND NON RISING STAINLESS STEEL STEM. BONNET AND BODY TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X MJ 16"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 8,206.00 $ 8,206.00 $ 2,025.00 $ 2,025.00 $ 8,881.00 $ 8,881.00 $ 7,235.34 $ 7,235.34 232 NEW ITEM
VALVE, GATE, OS&Y, FL X FL 4"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 223.00 $ 223.00 $ 658.00 $ 658.00 $ 695.00 $ 695.00 $ 641.34 $ 641.34 233 NEW ITEM
VALVE, GATE, OS&Y, FL X FL 6"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 350.00 $ 350.00 $ 986.00 $ 986.00 $ 1,050.00 $ 1,050.00 $ 832.86 $ 832.86 234 NEW ITEM
VALVE, GATE, OS&Y, FL X FL 8"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 565.00 $ 565.00 $ 1,616.00 $ 1,616.00 $ 1,795.00 $ 1,795.00 $ 1,272.18 $ 1,272.18 235 144910
VALVE, BUTTERFLY, FLANGE 4"
MFG BRAND/MDL NO: _____________________________________ 2 EA $ 905.00 $ 1,810.00 $ 1,000.00 $ 2,000.00 $ 990.00 $ 1,980.00 $ 732.60 $ 1,465.20 236 144970
VALVE, BUTTERFLY, FLANGE 6"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 860.00 $ 860.00 $ 900.00 $ 900.00 $ 1,025.00 $ 1,025.00 $ 752.40 $ 752.40 237 144980
VALVE, BUTTERFLY, FLANGE 8"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 1,100.00 $ 1,100.00 $ 1,287.00 $ 1,287.00 $ 1,310.00 $ 1,310.00 $ 963.60 $ 963.60 238 144985
VALVE, BUTTERFLY, FLANGE 10"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 1,520.00 $ 1,520.00 $ 1,600.00 $ 1,600.00 $ 1,875.00 $ 1,875.00 $ 1,329.90 $ 1,329.90 239 144990
VALVE, BUTTERFLY, FLANGE 12"
MFG BRAND/MDL NO: _____________________________________ 3 EA $ 1,820.00 $ 5,460.00 $ 1,500.00 $ 4,500.00 $ 2,260.00 $ 6,780.00 $ 1,590.60 $ 4,771.80 240 144995
VALVE, BUTTERFLY, FLANGE 16"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 3,540.00 $ 3,540.00 $ 3,773.00 $ 3,773.00 $ 4,450.00 $ 4,450.00 $ 3,095.40 $ 3,095.40 241 NEW ITEM
VALVE, BUTTERFLY (UNDERGROUND) RUBBER SEATED. TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 4"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 905.00 $ 905.00 $ 731.40 $ 731.40 NO BID NO BID NO BID NO BID 242 144920
VALVE, BUTTERFLY (UNDERGROUND) RUBBER SEATED. TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 6"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 978.00 $ 978.00 $ 900.26 $ 900.26 $ 1,075.00 $ 1,075.00 $ 752.40 $ 752.40 243 144930
VALVE, BUTTERFLY (UNDERGROUND) RUBBER SEATED. TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 8"
MFG BRAND/MDL NO: _____________________________________ 2 EA $ 1,254.00 $ 2,508.00 $ 1,152.96 $ 2,305.92 $ 1,370.00 $ 2,740.00 $ 963.60 $ 1,927.20 244 144940
VALVE, BUTTERFLY (UNDERGROUND) RUBBER SEATED. TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 10"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 1,729.00 $ 1,729.00 $ 531.06 $ 531.06 $ 1,875.00 $ 1,875.00 $ 1,329.90 $ 1,329.90 245 144950
VALVE, BUTTERFLY (UNDERGROUND) RUBBER SEATED. TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 12"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 1,910.00 $ 1,910.00 $ 1,902.70 $ 1,902.70 $ 2,260.00 $ 2,260.00 $ 1,590.60 $ 1,590.60 246 144960
VALVE, BUTTERFLY (UNDERGROUND) RUBBER SEATED. TO BE EPOXY COATED INSIDE AND OUTSIDE. MJ X F 16"
MFG BRAND/MDL NO: _____________________________________ 1 EA $ 3,340.00 $ 3,340.00 $ 3,703.64 $ 3,703.64 $ 3,840.00 $ 3,840.00 $ 3,095.40 $ 3,095.40 SUB-TOTAL: $924,106.34 $895,892.80 $ 993,686.00 $346,071.42 ***Bold & Italicized values indicate Support of Local Vendor Award*** SALES TAX 7.88%: $72,819.58 $70,551.56 $ 78,252.77 $27,253.12 Please Note: This Cost Abstract is for pricing purposes only. Also, Line items 1-38 pricing subject to change every 90 days TOTAL: $996,925.92 $966,444.36 $ 1,071,938.77 $373,324.54 #10..
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
December 6, 2022
Date: November 4, 2022
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: DeAnna Christensen, Director of Finance
SUBJECT: InfoSend, Inc. Cooperative Agreement
CONTACT: Jeni Martin, Revenue Collection and Compliance Manager, [email protected], 209-571-5892
DESCRIPTION:
Consider approving an Agreement with InfoSend Inc., for Forms, Printing, and Mailing Services, for a total amount not to exceed $12,051,699 over eight (8) years. (Funding Source: Various Funds)
STRATEGIC PLAN ELEMENT:
This item supports the City of Modesto 2020-2025 Strategic Plan focus of Governance and Service Delivery under Goal H: Achieve Financial Sustainability.
BACKGROUND:
The Finance Department, Revenue Collection and Compliance, Accounts Receivable Divisions and Information Technology Department manage and facilitate the creation, printing and mailing of the City’s billing and miscellaneous customer forms. These forms are created, printed, and mailed to both residential and commercial customers, and include, but are not limited to, business license, declarations, notices, and utility bills.
On March 28, 2017 the Purchasing Division issued Request for Proposals (RFP) No. 1516-36 Forms Printing and Mailing Services under commodity codes for mailing services, processing systems services data, printing and typesetting services, forms printing, and offset printing.
Three companies chose to respond; all three companies provided responsive and responsible proposals.
An evaluation committee comprised of five City staff members evaluated the proposals. Based on being ranked highest in total evaluation criteria, with InfoSend, Inc. having the highest ranking, the evaluation committee recommended the award of proposal for the furnishing of forms, printing and mailing services to InfoSend, Inc.
#11..
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City Council, December 06, 2022
InfoSend, Inc. Cooperative Agreement
On November 27, 2017, by Resolution No. 2017-528, Council approved a two-year Agreement with three one-year extensions for a total five-year amount of $3,085,717 for the furnishing of forms, printing and mailing services to InfoSend, Inc.
The City currently utilizes InfoSend, Inc., for the printing, designing, and mailing of these forms.
Continuing to outsource this function provides several benefits to the City including:
• Enhanced Customer Service
• Utilize vendor with specialized technology
• Flexibility in bill print design and messaging
• Ability to adapt forms to business needs on an ad hoc basis • Specialized reporting options
• Mail tracking and time stamping of bill delivery
• Special filtering and sorting capabilities
DISCUSSION:
On October 20, 2021 the City of Oceanside, California issued a Request for Proposal for Print and Mailing Services for data processing, printing, and mailing of utility bills, business license documents, and accounts receivable invoices and statements for a three (3) year Agreement with five (5) one-year extension options. On November 19, 2021, bids were formally opened.
Seven (7) bids were received and evaluated for clarity and completeness, cost proposals, adherence to minimum RFP requirements, data security, staff impact and tools, company background and expertise, and implementation process and timeline. The evaluation team rated InfoSend, Inc. as the top provider, recommending the award of the proposal to InfoSend, Inc. to contract for these services.
On April 6, 2022, the City of Oceanside entered into an Agreement with InfoSend, Inc. for a three-year (3) Agreement with five (5) one-year extension options for a total of eight (8) years.
The initial term of the Agreement is effective June 1, 2022, through May 31, 2025.
The term of the current Agreement between the City of Modesto and InfoSend, Inc., is due to expire December 11, 2022. InfoSend has effectively met the City’s printing and mailings needs by providing consistent satisfactory service. To continue receiving the various services currently being provided by InfoSend, the City will utilize the cooperative Agreement and “access the terms” of the Agreement between the City of Oceanside and InfoSend, Inc.
Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $50,000 for material, equipment, or contractual services to be formally bid. However, exceptions to the formal bidding process are granted in MMC 8-3.204(d) “Where the Purchasing Manager, in his or her discretion, determines that a process other than the formal bid procedure set for in Section 8-3.203 will result in procurement for the City at the lowest possible cost commensurate with the desired quality.” In addition, MMC 8-3.202(d) encourages the Purchasing Manager to join with the State of California and other units of government in cooperative purchasing plans when the best cost savings interest of the City would be served.
Here, this exemption is satisfied because InfoSend has consistently and continually met the City’s printing and mailing needs. Transitioning to a new vendor would cost additional staff time as well as set-up fees unnecessary with the current vendor. #11..
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City Council, December 06, 2022
InfoSend, Inc. Cooperative Agreement
FISCAL IMPACT:
The annual estimated cost for forms, printing, and mailing services is $990,619 for an eight-year cost of $7,924,953 which includes an 8.5% per year Consumer Price Index (CPI) rate increase.
The annual estimated postage cost is $515,843 for an eight-year cost of $4,126,746 which includes a 7% per year postage rate increase. Contracted costs for all components over an eight-year period total $12,051,699. The postage rates are a direct pass through from the United States Postal Services (USPS) Department. Any USPS rate increase is automatically passed on to the City. This item is funded by Water, Sewer, Storm Drain, and Garbage funds.
Below is a five-year history of the spending activity under the current Agreement.
Fiscal Year FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 YTD*
Expenditures $196,963 $526,395 $524,645 $495,544 $2,552 *Through 7/31/22; Invoices pending receipt for August & September 2022 Below is the funding source breakdown for the proposed new Agreement with InfoSend.
Funding Source Account Annual Cost Total Agreement Amount Water Fund 4100-41420-53300 $451,939 $3,615,510
Sewer Fund 4210-41320-53300 $376,615 $3,012,925
Storm Drain Fund 4480-41220-53300 $361,551 $2,892,408
Garbage Fund 0100-12420-53300 $316,357 $2,530,857
Total $1,506,462 $12,051,699
COMMITTEE RECOMMENDATION:
This item was considered by the Finance Committee on November 9, 2022, and recommended forwarding to Council for approval.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution approving an Agreement with InfoSend Inc., by utilizing the City of Oceanside Agreement for Forms, Printing, and Mailing Services, for a three (3) year Agreement with five (5) one-year extension options, for an annual estimated amount of $1,506,642 and a total amount not to exceed $12,051,699 over eight (8) years; and authorizing the City Manager, or his designee, to execute the Agreement.
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Approved by:
DeAnna Christensen, Director of Finance
Joseph P. Lopez, City Manager
Attachments:
1. Resolution
2. City of Modesto Agreement
3. City of Oceanside Cooperative Agreement
4. Exhibit A – Scope of Work
5. Exhibit B – Pricing Schedule
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MODESTO CITY COUNCIL
RESOLUTION NO. 2022-
RESOLUTION APPROVING AN AGREEMENT WITH INFOSEND INC., BY UTILIZING
THE CITY OF OCEANSIDE AGREEMENT, FOR FORMS, PRINTING, AND MAILING SERVICES, FOR A THREE (3) YEAR AGREEMENT WITH FIVE (5) ONE-YEAR EXTENSION OPTIONS, FOR AN ANNUAL ESTIMATED AMOUNT OF $1,506,642 AND A TOTAL AMOUNT NOT TO EXCEED $12,051,699 OVER EIGHT (8) YEARS; AND
AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO EXECUTE THE
AGREEMENT
WHEREAS, the Finance Department, Revenue Collection and Compliance, Accounts Receivable Divisions and Information Technology Department manage and facilitate the creation, printing and mailing of the City’s billing and miscellaneous customer forms, and
WHEREAS, on November 27, 2017, by Resolution No. 2017-528, Council approved a two-year Agreement with three one-year extensions for a total five-year amount of $3,085,717 for the furnishing of forms, printing and mailing services to InfoSend, Inc, and
WHEREAS, the term of the current Agreement between the City of Modesto and InfoSend, Inc., is due to expire December 11, 2022, and WHEREAS, on April 6, 2022, the City of Oceanside entered into an Agreement with InfoSend, Inc. for a three-year (3) Agreement with five (5) one-year extension options for a total of eight (8) years; with the initial term of the Agreement effective June 1, 2022, through May 31, 2025, and
WHEREAS, InfoSend has effectively met the City’s printing and mailings needs by providing consistent satisfactory service and to continue receiving the various services currently being provided by InfoSend, the City will utilize the cooperative Agreement and “access the terms” of the Agreement between the City of Oceanside and InfoSend, Inc., and WHEREAS, Modesto Municipal Code Section 8-3.203 generally requires all purchases, #11..
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which meet or exceed $50,000 for material, equipment, or contractual services to be formally bid; however, exceptions to the formal bidding process are granted in MMC 8-3.204(d) “Where the Purchasing Manager, in his or her discretion, determines that a process other than the formal bid procedure set for in Section 8-3.203 will result in procurement for the City at the lowest possible cost commensurate with the desired quality” and in addition, MMC 8-3.202(d) encourages the Purchasing Manager to join with the State of California and other units of government in cooperative purchasing plans when the best cost savings interest of the City would be served, and
WHEREAS, the annual estimated cost for forms, printing, and mailing services is $990,619 for an eight-year cost of $7,924,953 which includes an 8.5% per year Consumer Price Index (CPI) rate increase and the annual estimated postage cost is $515,843 for an eight-year cost of $4,126,746 which includes a 7% per year postage rate increase; contracted costs for all components over an eight-year period total $12,051,699.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Modesto that it hereby approves an Agreement with InfoSend Inc., by utilizing the City of Oceanside agreement, for Forms, Printing, and Mailing Services, for a three (3) year Agreement with five (5) one-year extension options, for an annual estimated amount of $1,506,642 and a total amount not to exceed $12,051,699 over eight (8) years. #11..
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BE IT FURTHER RESOLVED that the City Manager, or his designee, is hereby authorized to execute the agreement, in a form approved by the City Attorney.
The foregoing resolution was considered at a regular meeting of the Council of the City of Modesto held on the 6th day of December 2022, by Councilmember _______________, who moved its adoption, which motion being duly seconded by Councilmember ________________, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmember:
NOES: Councilmember:
ABSENT: Councilmember:
ATTEST: _____________________________
DIANE NAYARES-PEREZ, CMC, City Clerk
(SEAL)
APPROVED AS TO FORM:
BY: ____________________________________
JOSE M. SANCHEZ, City Attorney
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1 AGREEMENT
This agreement, hereinafter called AGREEMENT, made and entered into in the City of Modesto, State of California, this ____ day of ____________, 2022, by and between the City of Modesto, a municipal corporation of the State of California, hereinafter called CITY, and InfoSend, Inc., a California Corporation, hereinafter called CONTRACTOR.
W I T N E S E T H:
WHEREAS, the Modesto City Council adopted Resolution No. 2022- authorizing an agreement for forms printing and mailing services to CONTRACTOR, attached hereto as Exhibit “A” and made a part hereof, and
WHEREAS, the CITY and CONTRACTOR shall enter into an agreement for forms printing and mailing services.
NOW, THEREFORE, the parties hereto mutually agree as follows:
1. THE WORK:
a) CONTRACTOR shall furnish all labor, materials, equipment, fuel, tools, licenses, bonds and insurance necessary to perform and complete the required work as specified in Exhibit “B”, and in strict accordance with the conditions of the complete AGREEMENT. b) CONTRACTOR shall do and perform the work contemplated hereby in a good workmanlike manner under the direction of and to the satisfaction of the CITY Representative. #11..
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2 c) CONTRACTOR shall maintain proper insurance with the CITY for the duration of the AGREEMENT.
d) CONTRACTOR shall maintain a CITY business license for the duration of the AGREEMENT.
e) CONTRACTOR shall furnish said services for an estimated annual amount of $1,136, 559.
The total amount paid by CITY to CONTRACTOR over the full term of the AGREEMENT shall not exceed $12,051,699. Unless the services provided are for a lump sum or flat fee, fees for work performed by CONTRACTOR shall not exceed the amounts attached hereto as Exhibit C.
2. PREVAILING WAGES:
Not applicable to this project.
3. CITY REPRESENTATIVE:
CITY Representative is:
Dianne Love, Senior Buyer (209)571-5164 or [email protected] The CITY Representative is not authorized to commit the CITY to changes in specifications, requirements, or scope of work, changes in price(s), period of performance or delivery date(s) or method of shipment. Changes of a contractual or business nature shall be effective only by written change to the AGREEMENT, issued by the City of Modesto, Purchasing Division.
4. TERM OF AGREEMENT:
The term of the AGREEMENT shall be for a period of three years, with five one-year extension options at the sole discretion of CITY, for a total of up to eight years.
Year 1: December 12, 2022 through December 11, 2023
Year 2: December 12, 2023 through December 11, 2024
Year 3: December 12, 2024 through December 11, 2025
Year 4: December 12, 2025 through December 11, 2026
Year 5: December 12, 2026 through December 11, 2027
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3 Year 6: December 12, 2027 through December 11, 2028
Year 7: December 12, 2028 through December 11, 2029
Year 8: December 12, 2029 through December 11, 2030
Pricing as set forth in Section 1.e. above shall remain firm for the first year of the AGREEMENT.
CONTRACTOR’s Fees for any subsequent AGREEMENT years following the first year, shall not exceed the percentage change in the Consumer Price Index (CPI) for the City of Modesto West Urban Area in any one AGREEMENT year, and shall be negotiated through the Purchasing Division. Requests for price increases shall be submitted by CONTRACTOR in writing, 90 days prior to the annual anniversary date of the AGREEMENT to be effective for the subsequent year.
CONTRACTOR reserves the right to pass on any extraordinarily high increases to the cost of forms or envelopes, defined as increases that surpass CPI, at any time. CITY will be notified, in writing, at least sixty (60) days prior to such price increase. Contractor shall provide acceptable supporting documentation to substantiate the increase at time of notification.
5. LIABILITY INSURANCE:
The CONTRACTOR shall provide, at its own expense, and maintain at all times the following insurance with insurance companies licensed in the State of California and shall provide evidence of such insurance to the CITY as may be required by the City Clerk of the CITY. The policies or certificates thereof shall provide that, at least 30 days prior to cancellation or material change in the policy, notices of same shall be given to the Risk Manager of the CITY by registered mail, return receipt requested, for all of the following stated insurance policies.
a. General Liability - insurance with a minimum limit of liability per occurrence of $1,000,000 for bodily injury and property damage. The insurance shall indicate on the certificate of insurance the following coverage and indicate the policy aggregate limit applying to: premises and operations; broad form contractual; independent contractors and subcontractors; products and completed operations; and/or professional liability. b. Automobile Liability – insurance with a minimum limit of liability per occurrence of $1,000,000 #11..
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4 for bodily injury and property damage and transportation related pollution liability. This insurance shall cover any automobile for bodily injury and property damage.
c. Workers' Compensation - in compliance with the statutes of the State of California, plus employer's liability with a minimum limit of liability of $1,000,000 per accident for bodily injury or disease.
If at any time any of said policies shall be unsatisfactory to the CITY, as to form or substance or if a company issuing such policy shall be unsatisfactory to the CITY, the CONTRACTOR shall promptly obtain a new policy, submit the same to the CITY’s Risk Manager for approval and submit a certificate thereof as hereinabove provided. Upon failure of the CONTRACTOR to furnish, deliver or maintain such insurance and certificates as above provided, this AGREEMENT, at the election of the CITY, may be forthwith declared suspended, or terminated. Failure of the CONTRACTOR to obtain and/or maintain any required insurance shall not relieve the CONTRACTOR from any liability under this Agreement, nor shall the insurance requirements be construed to conflict with or otherwise limit the obligations of the CONTRACTOR concerning indemnification. The CITY, its agents, officers, employees, and volunteers shall be named as an additional insured on all insurance policies required herein, except Workers' Compensation.
The Workers' Compensation insurer shall agree to waive all rights of subrogation against the CITY, its agents, officers, employees, and volunteers for losses arising from work performed by CONTRACTOR for the CITY.
The CONTRACTOR’s insurance policy(ices) shall include a provision that the coverage is primary as respects the CITY; shall include no special limitations to coverage provided to additional insured; and, shall be placed with insurer(s) with acceptable Best's rating of A:VII or with approval of the CITY’s Risk Manager.
For any claims related to this AGREEMENT, the CONTRACTOR’s insurance coverage shall be primary insurance as respects CITY, its officers, officials, employees, and volunteers. Any insurance or self-insurance maintained by CITY, its officers, officials, employees, or volunteers shall be excess of the CONTRACTOR’s insurance and shall not contribute with it.
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5 6. BONDS.
Not applicable to this project.
7. PAYMENT:
CONTRACTOR shall invoice CITY not less than once per month based on the cost for services performed and reimbursable costs incurred prior to the invoice date. All invoices shall be paid in full within thirty days after completion and acceptance of the Services by the CITY and receipt of a properly prepared invoice.
CONTRACTOR may elect to assess finance charges on any or all undisputed invoices that become past due at a rate of 1.5% per month. The CITY is exempt from payment of Federal Excise Tax, and all invoices shall be exclusive of such excise tax.
Invoice to: City of Modesto
Attn: Accounts Payable
P.O. Box 642
Modesto, CA 95353
Email to: [email protected]
At a minimum, invoices shall state the following:
This AGREEMENT 233318
CITY department/division name and address
Billing period
Unit price, extended price, sales tax and total
8. INDEMNITY AND LIMITATION OF LIABILITY: The CONTRACTOR shall hold the CITY, its agents, officials, officers, employees, and volunteers, harmless from and save, defend and indemnify them against any and all claims, losses, liabilities, judgments or damages from every cause, including but not limited to injury to person or property or wrongful death, including reasonable costs and expenses of defense of any judicial or administrative action, arising directly out of any negligent or intentional act or omission of CONTRACTOR, or its agents, officials, officers, employees, or volunteers relating to or during the performance of its obligations under this AGREEMENT. CONTRACTOR’s obligation to defend, indemnify, and hold the CITY, its agents, #11..
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6 officials, officers, and employees harmless under the provisions of this paragraph is not limited to or restricted by any requirement in this AGREEMENT for CONTRACTOR to procure and maintain a policy of insurance.
In no event shall either party be liable to the other for any indirect, punitive, special, exemplary, incidental, consequential (including loss of data, revenue, profits, use or other economic advantage) damages arising out of, or in any way connected with this service, even if the party from which damages are being sought or such party’s licensors have been previously advised of the possibility of such damages.
9. VENUE & GOVERNING LAW:
Venue for any dispute or claim arising from or related to this AGREEMENT, its performance, breach, or interpretation (including issues about its validity or enforceability), shall be exclusively in the Superior Court of Stanislaus County or the United States District Court for the Eastern District of California This AGREEMENT shall be deemed made in, governed by, performed in, and construed and enforced in accordance with the laws of the State of California, without giving effect to its conflicts of laws provisions or principles.
10. ATTORNEYS’ FEES. If a party to this AGREEMENT brings any action, including an action for declaratory relief, to enforce or interpret the provision of this AGREEMENT, the prevailing party shall be entitled to reasonable attorneys’ fees in addition to any other relief to which that party may be entitled. The court may set such fees in the same action or in a separate action brought for that purpose.
11. COMMENCEMENT AND COMPLETION OF THE WORK:
The work contemplated herein shall be commenced on the effective date of the agreement. No work shall be commenced until the agreement administrator receives and has on file:
a. Resolution No.2022-_______;
b. Contractor’s City of Modesto business license
c. Proofs of insurance (approved by CITY Risk Manager); and d. Executed Agreement
12. TERMINATION OF SERVICES:
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7 Termination for Default: In the event either party fails to perform under this AGREEMENT or breaches any condition contained herein, the other party shall notify in writing the breaching party of the nonperformance. Within 10 days after receipt of notification, the breaching party shall correct any non-performance to the reasonable satisfaction of the non-breaching party, or such other time as may be identified in the notice.
Failure to correct any non-performance shall allow the non-breaching party to terminate this AGREEMENT for cause.
Termination by City for Convenience: The City may also terminate this AGREEMENT regardless of the Contractor's performance under the Agreement, either in whole or in part, at its own discretion and without cause.
Post-Termination Procedure
Upon receipt of a written notice of termination pursuant to either of the foregoing paragraphs, the CONTRACTOR shall:
a. Cease its work as directed in the notice of termination as of the termination date and see to it that its employees, subcontractors and agents are notified of such termination and act as specified in the notice of termination; b. Terminate all orders and subcontracts except as necessary to complete any portion of the SERVICES that are not terminated;
c. If directed in writing by the CITY to do so, assign all right, title and interest in subcontracts and materials in progress to CITY, in which case the CITY will have the right at its discretion to settle, or pay any or all claims arising out of the termination of such, but in no event shall recovery by any CONTRACTOR or subcontractor include lost profits for portions of the SERVICES not completed or undertaken, including materials not delivered;
d. Deliver or otherwise make available to the CITY all data, drawings, specifications, reports, estimates, summaries and such other information and material as may have been accumulated by the CONTRACTOR in performing the #11..
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8 SERVICES whether completed or in process;
e. Settle outstanding liabilities and claims, subject to the approval of CITY; f. Complete performance of such part of the SERVICES as has not been terminated; g. Take such other actions as may be necessary, or as may be directed by the CITY for the protection and preservation of the SERVICES and/or property related to the SERVICES;
h. If CITY so requests, and at CITY's cost, CONTRACTOR shall provide sufficient oral or written status reports to make CITY reasonably aware of the status of CONTRACTOR’s work on the SERVICES.
i. CONTRACTOR understands and agrees that CITY may, in CITY’s sole discretion, refuse to pay CONTRACTOR for that portion of CONTRACTOR's SERVICES which were performed by CONTRACTOR on the project prior to the termination date and which remain unacceptable and/or not useful to CONTRACTOR as of the termination date.
CITY will pay CONTRACTOR for SERVICES actually completed prior to the receipt of the termination notice or otherwise completed in accordance with the notice of termination. The final payment to the CONTRACTOR after termination for convenience shall be limited to amounts due and owing under the AGREEMENT at time of termination, including the following:
a. The cost of settling and paying valid claims arising out of the termination of the SERVICES such as subcontractor agreements or contracts for materials; b. The AGREEMENT price allocable to the portion of the SERVICES properly performed or goods supplied to the work site by the CONTRACTOR as of the date of termination, as determined in accordance with the notice of termination, reduced by any sums previously paid to the CONTRACTOR for such SERVICES.
13. COMPLIANCE WITH ALL LAWS:
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9 CONTRACTOR hereby agrees that CONTRACTOR and its subcontractors, if any, in the performance of the SERVICES described herein, will comply with all federal, state, county and municipal laws, rules and regulations which may be applicable to the work herein contracted for, whether now in existence or hereafter adopted.
14. FAILURE TO PERFORM SATISFACTORY WORK: It is agreed and understood that if the CONTRACTOR fails to perform the SERVICES as specified herein, CITY's representative may:
a. Consent to accept such unsatisfactory service with an appropriate adjustment in contract price, based on established cost factors,
b. Recommend termination of AGREEMENT between said the CONTRACTOR and the City of Modesto.
Those discrepancies and deficiencies in the SERVICES that remains uncorrected after the date set for correction may be the necessary justification for a billing adjustment in the month following the occurrence.
15. ASSIGNMENT OF RIGHTS: The CONTRACTOR offers and agrees, and will require all subcontractors and suppliers to agree, to assign to the CITY all rights, title, and interest in and to all causes of action it and they may have under Section 4 of the Clayton Act (15 United States code, Section 15) or under the Cartwright Act (Business and Professions Code, Section 16700 et seq.), arising from the acquisition of goods, services, or materials pursuant to this AGREEMENT or any allowed subcontract. The assignment made by CONTRACTOR and all assignments made by subcontractors and suppliers shall be made and become effective at the time the CITY makes final payment to The CONTRACTOR, without further acknowledgment by the parties (Government Code, Sections 4550-4554).
16. CITY PROCESS/PROCEDURE APPROVALS: CITY approval of any process or procedure shall not relieve CONTRACTOR of its responsibility to furnish the required SERVICES meeting all specifications contained herein.
17. DIR REGISTRATION:
Not applicable to this project.
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10 18. CONTRACTOR'S RESPONSIBILITY FOR DAMAGES: If CONTRACTOR damages any property belonging to the CITY or a third party, the CONTRACTOR will be required to make repairs immediately, at CONTRACTOR’s sole cost and expense, to the satisfaction of the CITY. In the event that CONTRACTOR fails to perform the necessary repairs, the CITY may either retain from the money due to CONTRACTOR an amount sufficient to repair the damage or perform the repairs and send an invoice to the CONTRACTOR for such costs, which shall be paid within thirty (30) days.
19. NOTICES:
Any notice, payment or instrument required or permitted by this AGREEMENT to be given or delivered to either party shall be deemed to have been received when personally delivered, or one calendar week following deposit of the same in any United States Post Office, registered or certified mail, postage prepaid addressed as follows:
CONTRACTOR: InfoSend, Inc.
Attn: Russ Rezai, President
4240 E La Palma Avenue
Anaheim, CA 92807
CITY: City of Modesto
Purchasing Division
P.O. Box 642
Modesto, CA 95353
Each party may change its address for delivery of notice by delivering written notice of such change of address to the other party.
20. SIGNATORY(IES) FOR CONTRACTOR:
Each signatory for CONTRACTOR below warrants and represents that it is legally competent and has full authority to execute the AGREEMENT.
21. QUANTITIES: No minimum or maximum is guaranteed or implied. #11..
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11 22. FUNDING: All annual extensions are based upon continuous funding for that purpose by the City Council. Failure to fund any annual extension shall result in an immediate termination of the AGREEMENT without redress.
23. OTHER GOVERNMENT/PUBLICLY FUNDED AGENCIES: If mutually agreeable to all parties, the issuance of any resultant contract/purchase order referencing these specifications and modified by mutual agreement between all parties may be extended to other government or publicly funded agencies. It shall be understood that all terms and conditions as specified herein shall apply.
24. NON-DISCRIMINATION:
a. During the performance of this AGREEMENT, CONTRACTOR and any allowed subcontractors shall not unlawfully discriminate against any employee or applicant for employment because of race, color, ancestry, religion, sex, national origin, marital status, age, medical condition (cancer related), physical handicap (including AIDS), sexual orientation, or any other basis prohibited by Federal or California law. Equal employment opportunity extends, but is not limited to recruitment, compensation, benefits, layoff, termination, and all other conditions of employment. The CONTRACTOR and any allowed subcontractors shall ensure that the evaluation and treatment of their employees and applicants for employment are free of such discrimination.
The CONTRACTOR and any allowed subcontractors shall comply with the provisions of the Fair Employment and Housing Act (Government Code, Section 12900 et seq.) and the applicable regulations promulgated thereunder (California Administrative Code, Title 2, and Section 7285.0 et seq.). The applicable regulations of the Fair Employment and Housing Commission implementing Government Code, Section 12900, set forth in Chapter 5 of Division 4 of Title 2 of the California Administrative Code are incorporated into this contract by reference and made a part hereof as if set forth in full. b. The CONTRACTOR and any allowed subcontractors shall give written notice of their obligations under this clause to labor organizations with which they have a collective bargaining or other agreement. c. The CONTRACTOR shall include the nondiscrimination and compliance provisions of this clause in any allowed subcontracts to perform SERVICES.
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12 d. The Contractor shall permit access by representatives of the Department of Fair Employment and Housing and the CITY upon reasonable notice at any time during the normal business hours, but in no case less than 24-hours notice, to such of its books, records, accounts, other sources of information and its facilities as said Department or CITY shall require to ascertain compliance with this AGREEMENT. e. By executing this AGREEMENT, CONTRACTOR certifies that it shall follow and be in compliance with the Americans with Disabilities Act of 1990, the applicable administrative requirements promulgated in response thereto, and any other applicable Federal laws and regulations relating to handicap discrimination and participation, and will continue to do so for at least the duration of the AGREEMENT and any extensions thereof.
25. CONTRACTOR LICENSES & PERMITS: CONTRACTOR warrants and represents that it possesses and shall maintain all licenses, and shall secure and maintain all necessary permits, necessary to perform the SERVICES.
26. RECORDS. All final versions of reports, data, maps, models, charts, studies, surveys, photographs, memoranda, plans, studies, specifications, records, files, or any other documents or materials, in electronic or any other form, that CONTRACTOR prepares or obtains pursuant to this Agreement and that relate to the matters covered hereunder shall be the property of the CITY. CONTRACTOR hereby agrees to deliver those documents to the CITY upon termination of the AGREEMENT, and the CITY may use, reuse or otherwise dispose of the documents without CONTRACTOR’s permission. It is understood and agreed that the documents and other materials, including but not limited to those described above, prepared pursuant to this AGREEMENT are prepared specifically for the City and are not necessarily suitable for any future or other use.
27. FACILITIES AND EQUIPMENT. Except as set forth herein, CONTRACTOR shall, at its sole cost and expense, provide all facilities and equipment that may be necessary to perform the services required by this AGREEMENT.
28. INDEPENDENT CONTRACTOR; NOT AGENT. At all times during the term of this AGREEMENT, CONTRACTOR shall be an independent contractor and shall not be an employee of CITY. CITY shall have the #11..
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13 right to control CONTRACTOR only insofar as the results of CONTRACTOR’s services rendered pursuant to this AGREEMENT. Except as City may specify in writing, CONTRACTOR shall have no authority, express or implied, to act on behalf of CITY in any capacity whatsoever as an agent. CONTRACTOR shall have no authority, express or implied, pursuant to this AGREEMENT to bind City to any obligation whatsoever.
29. DRUG FREE WORKPLACE: CONTRACTOR certifies that it is following and in compliance with Sections 8350 - 8355 of Chapter 5.5 of the Government Code, Drug Free Workplace Act whereby each person or organization awarded a contract/purchase order or grant for the procurement of any property or service from any state agency (city) shall certify to the contracting or granting agency that it will provide a drug free workplace.
30. ASSIGNMENT:
Neither this AGREEMENT nor any SERVICES hereunder shall be subcontracted or assigned by CONTRACTOR without the prior written consent of the CITY in each and every instance.
31. WAIVER:
The waiver by any party to this AGREEMENT of a breach of any provision hereof shall be in writing and shall not operate or be construed as a waiver of any other or subsequent breach hereof unless specifically stated in writing.
32. HEADINGS NOT CONTROLLING:
Headings used in the Agreement are for reference purposes only and shall not be considered in construing this AGREEMENT.
33. MISCELLANEOUS:
Time is of the essence in CONTRACTOR’s performance under each provision of this AGREEMENT.
34. ENTIRE AGREEMENT:
This Agreement and its exhibits contain the entire understanding between CONTRACTOR and CITY. All previous bids, offers and communications relative to this Agreement, whether oral or written, are hereby superseded except to the extent that they have been incorporated into this Agreement. No future waiver #11..
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14 or exception to any of the terms, conditions, and provisions of this AGREEMENT shall be considered valid unless specifically agreed to in writing by the parties.
35. PARTIAL INVALIDITY:
If any provision in this AGREEMENT is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions shall nevertheless continue in full force without being impaired or invalidated in any way.
36. FORCE MAJEURE:
Neither party shall be liable, or deemed to be in default, to the other for any failure or delay in performing an obligation under this Agreement to the extent that its performance is delayed, impaired or rendered impossible by an event beyond its control (“Force Majeure Event”) such as natural disasters, war, terrorist acts, riots, labor strikes or shortages, civil disturbances, extra-ordinary losses of utilities (including telecommunications services), computer “hacker” attacks on internet infrastructure, regulatory restrictions, change in law or regulation or other acts of government authority, including civil and military authorities and courts, fuel or energy shortages, transportation stoppages or slowdowns, the inability to procure parts or raw materials, pandemics, supply-chain issues which causes a substantial increase in costs or decrease in availability of materials necessary for CONTRACTOR and/or its Affiliate(s) to perform services under this Agreement, and/or acts or omissions of common carrier. These causes will not excuse CITY from paying previously accrued payables due to CONTRACTOR through any available lawful means acceptable to CONTRACTOR.
IN WITNESS WHEREOF, the CITY OF MODESTO, a municipal corporation, has authorized the execution of this Agreement in duplicate by its City Manager and attested by its City Clerk under authority of Resolution No. 2022-_______, adopted by the Council of the City of Modesto on the _____________ day of _____________________, 2022 and _____________________has caused this Agreement to be duly executed. #11..
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FORMS PRINTING AND MAILING SERVICES
SCOPE OF WORK:
The City of Modesto, Finance Department, Customer Services Division and Information Technology Department, manages and facilitates the printing and mailing distribution of the City’s billing forms. These forms are printed and mailed to various customers, both residential and commercial, on a daily, weekly and quarterly basis, and include, but are not limited to, business licenses, declarations, notices and utility bills, including mailing and return envelopes.
The Contractor shall furnish all labor, materials, equipment, tools, insurance and bonds necessary to provide daily, weekly and quarterly printing and mailing services for the forms listed herein. Services shall include forms printing, folding, inserting and mail distribution to a US Post Office.
Postage costs will be passed directly to the City without any “mark-up” based upon current postal rates. Vendor is expected to sort and package mail such that the City receives the lowest possible postage rate.
Additional details of the services are outlined in the attached Request for Proposal (RFP) and the CONSULTANT’S response as completed with the City of Oceanside in November of 2021 and listed under Scope and Nature of Services Required.
In the event of a conflict between the terms of this Agreement, the RFP and/or the CONSULTANT’S response, the Agreement shall prevail.
UTILITY BILLING:
For utility bills the successful Contractor shall receive from the City an electronic data print file in flat format each workday morning by 6:00 A.M. (PST). Files must be prepared and submitted to the City no later than 11:00 A.M. (PST) each workday for quality assurance review and final approval. Forms shall be printed, folded, inserted and mailed the next business day, guaranteed. In the event there are problems with the file, the City will be notified immediately in order to formulate a contingency plan to alleviate any delay in the approval and mailing of the utility bills.
ACCOUNTS RECEIVABLE AND PARKING CITATIONS:
Accounts Receivable notices are created a minimum of once a month. Notices must be postmarked and mailed within one day. Parking Citations Notices are mailed out on a weekly basis. Notices must be postmarked and mailed the same day they are created.
BUSINESS LICENSE:
The Business License 2 quarter delinquent notice, letter, and the three-quarter estimated notice are created by the City. The City will send the files to the vendor to print, insert, and mail. These notices are mailed quarterly. Notices must be mailed out Next day.
FORM SPECIFICATIONS:
A. Form specifications are provided below. The City shall have the ability to change the print format as needed, including print ink colors on all forms.
B. Production runs and mailings will be daily, weekly and quarterly. All quantities shown are “estimated quantities”.
C. Business License paper color changes every fiscal year. The City will notify vendor each year what the color they would need to print on.
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ARTWORK:
All artwork, layouts, printing plates, negatives and proofs shall become the property of the City of Modesto and shall be made available upon request.
SPECIFIC REQUIREMENTS:
D. The City will send an electronic data print file in comma separated value (CSV) format. It will be the responsibility of the Vendor to make necessary conversion or changes for processing the electronic data files to create the required documents into a text searchable pdf. The City will receive an email including each data file by name as well as count from the Vendor when the job is complete.
E. The City shall have the ability to view bills online via the Vendor’s website and/or via an SFTPsite.
F. The City shall have the ability to request special production print-runs on the final and disconnect notices.
G. The vendor shall have the ability to display a breakdown of all customer charges including but not limited to surcharges, fees, penalties, adjustments, balance transfers, credit balances and all customer discounts or a summarization of the charges depending on the needs of the City.
H. The vendor shall have the ability to provide water consumption charts displaying a minimum of thirteen months of water usage history.
I. The vendor shall provide the City with the ability to track bills through the printing process electronically over the internet. This allows the City the ability to track the process at any given time.
J. The vendor shall provide the City with the ability to provide a “low-random” sample for approval prior to printing. This shall be a text searchable PDF via portal. The vendor must complete their own quality assurance check of the file prior to submitting to the City for review. File received by the vendor must match the file record counts. The City will retain the right to spot check an individual bill or the entire bill file.
K. Vendor will be required to print, fold, insert and mail all bill/notices on the next business day of receipt of files approved by City by 11:00 AM. Delivery of mail to the post office is the responsibility of the vendor.
Vendor must provide daily confirmation of delivery and City should be able to verify proof of delivery to USPS on an as-needed basis.
L. The vendor shall have the ability to pull individual bills within a batch prior to inserting and mailing based upon account number, customer name or service address.
M. The vendor shall have the flexibility in the billing schedule to meet the request to alter and run specific bills at specific times.
N. The vendor shall have the ability to reprint (duplicate) requested bills or mailings for customers including but not limited to Disconnect Notices and Tenant Occupant Disconnect Notices.
O. The vendor shall have the ability to print Third Party Notification billing.
P. The vendor shall have multiple page and selective inserting capabilities.
Q. The vendor shall have the ability to provide single or multi-color bill format. #11..
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R. The vendor shall have the ability to provide design changes and overlays.
S. The vendor shall have the ability to display bill messages on specific bill types.
T. The vendor shall have the ability to provide certificates of security on processed and stored data, including physical access, control access, encrypted storage and encryption during data transmission. The City shall overview the proposer’s system. The City requires the transfer to be secured encryption, Verisign certificate or SFTP.
U. The vendor is responsible for the security of the City’s customer data and agrees not to compromise, sell or share this data. Customer information will be treated as confidential and will not be released to any outside party without City approval. The City retains all rights to the data.
V. The vendor must be able to provide invoices to the City that separately detail bill printing costs, notice printing costs, paper supply costs, postage costs, and insert design and printing services.
W. The vendor shall maintain all utility bills in an electronic data file for a minimum of four (4) months. The City shall have the ability to view and print a copy of the actual mailed bill. Access should allow search by customer name, account number and customer billing address.
X. A utility bill insert may be mailed with the utility bill. The insert will be delivered to the vendor flat. It will be the responsibility of the vendor to fold, stuff, and insert it in the mailing envelope with the utility bill.
ADDITIONAL REQUIREMENTS:
Y. The vendor shall possess and provide a copy of a contingency backup program, and maintain machinery redundancy, to avoid an out of service situation. The vendor shall also provide a disaster recovery program, which includes off-site facilities.
Z. All work shall be done at a location that provides security and supervision from start to finish, including a well-defined quality control assurance program.
AA. The vendor will be required to meet USPS postal coding and sorting requirements, including return address, NCOA Link and mail forwarding/address verification. The proposer shall run City of Modesto utility bills through NCOA (National Change of Address) on a daily basis. Return address updates obtained through the NCOA will be provided via CSV or Excel file to the City on a daily basis.
BB. The vendor shall possess selective inserting equipment with the capability to select which bills to include the utility bill insert with and which to exclude it from as requested.
CC. The vendor shall provide to the City via email the daily billing file including but not limited to the count of NCOA, bill type, electronic bill and total files created (CSV and PDF).
TECHNOLOGY / HARDWARE:
DD. The vendor shall have the ability to accept upgrades to current customer billing systems and maintain support.
EE.The vendor shall have the capability to perform custom programming, as needed.
FF. The vendor shall have the ability to manipulate the data, if required by theCity.
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HH. The vendor shall provide a password secure directory. Absolutely no unauthorized access shall be permitted. This is required for data storage should the City need to look at data at a later date. Only the City will have access to this data via a password.
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InfoSend
Item/Description Annual
Qantity
Cost per Item Annual Cost Description
Accounts Receivable
Accounts Receivable Statements (standard paper stock, outbound envelope, return envelope, 3/3 print) 11000 $ 0.1280 $ 1,408.00
printed on white paper
using black and red text
Account Receivable Collection Notices (standard paper stock, outbound envelope, return envelope, 4/4 print) 1000 $ 0.1330 $ 133.00
printed on colored paper
with black and red text
Account Receivable FTB Notices (standard paper stock, outbound envelope, return envelope, 3/3 print) 200 $ 0.1280 $ 25.60
printed on white paper
using black and red text
Account Receivable Final Notices (standard paper stock, outbound envelope, return envelope, 3/3 print) 1000 $ 0.1280 $ 128.00
printed on white paper
using black and red text
Archiving 13200 $ 0.0120 $ 158.40 PDF archive
Archive API Monthly Support fee
12 $ 100.0000
$ 1,200.00
allows customer to view
statement in online portal
Programming
2 155.0000
$ 310.00
create new or update
existing
Service Fee for Small Batch 24 15.0000 $ 360.00
Miscellaneous $ 1,000.00 unplanned expenses
Postage 13200 $ 0.4910 $ 6,481.20
Accounts Receivable Total $ 0.1330 $ 11,204.20
Business License
Business License (MDK) (certificate form, outbound envelope, 4/4 print) (currently pink) 20000 $ 0.1330 $ 2,660.000
printed on colored paper
(varies annually) with black
and red text
Business License Declaration of Gross Receipt (MDB) (standard paper stock, outbound envelope, return envelope, 3/3 print) 42000 $ 0.1280 $ 5,376.000
printed on white paper
with black and red text
Business License Delinquent Declaration of Gross Receipt (MDB) (standard paper stock, outbound envelope, return envelope, 3/3 print) 15000 $ 0.1280 $ 1,920.000
printed on white paper
with black and red text
Business License 2 quarter Delinquent Notice (MDB) (standard paper stock, outbound envelope, return envelope, 3/3 print) 2500 $ 0.1280 $ 320.00
printed on white paper
with black and red text
Business License Notice of Business License Due (MDL) (Flat Rate Pink Notices) (standard paper stock, outbound envelope, return envelope, 4/4 print) 1200 $ 0.1330 $ 159.600 printed on colored paper
with black and red text
Business License Delinquent Notice of Business License Due (MDL) (standard paper stock, outbound envelope, return envelope, 3/3 print) 500 $ 0.1280 $ 64.00
printed on white paper
with black and red text
Business License Notice of Balance Due (MDG) (standard paper stock, outbound envelope, return envelope, 3/3 print) 2000 $ 0.1280 $ 256.00
printed on white paper
with black and red text
Business License Miscellaneous Customer Letters (MDE) (standard paper stock, outbound envelope, 3/3 print) 12000 $ 0.1280 $ 1,536.00
printed on white paper
with black and red text
Business License Letters Salon Audit (MDM) (standard paper stock, outbound envelope, 3/3 print) 750 $ 0.1280 $ 96.00
printed on white paper
with black and red text
Business License 3 Quarter Estimated Gross Receipts (MDM) (on red paper) (standard paper stock, outbound envelope, return envelope, 4/4 print) 3000 $ 0.1330 $ 399.00 printed on colored paper
with black and red text
Business License Delinquent Letters (MDE) (AM/QM) (on yellow paper) (standard paper stock, outbound envelope, return envelope, 4/4 print) 5000 $ 0.1330 $ 665.00
printed on colored paper
with black and red text
Business License Inserts (1/3 sheet or full sheet, duplex, 4/4 print) 30000 $ 0.0900 $ 2,700.00
printed on gloss paper
with black and red text;
includes inserts for other
NCOA/ACS 800 $ 0.3500 $ 280.00
Programming
4 $ 155.0000
$ 620.00
create new or update
existing
Service Fee for Small Batch 30 $ 15.0000 $ 450.00
Miscellaneous $ 5,000.00 unplanned expenses
Postage 123200 $ 0.4910 $ 60,491.20
Business License Total $ 82,992.80
Utility Billing
Utility Billing Statement City of Modesto (standard paper stock, outbound envelope, return envelope, 3/3 print) 912000 $ 0.1280 $ 116,736.000
printed on white paper
using three colors and
black text and red text
Utility Billing Disconnect Notice (standard paper stock, outbound envelope, 4/4 print) 182400 $ 0.1330 $ 24,259.200
printed on pink paper with
black and red text
Utility Billing Tenant Occupant Disconnect Notice (standard paper stock, outbound envelope, 4/4 print) 18240 $ 0.1330 $ 2,425.92
printed on blue paper
with black and red text
Utility Billling Collection Letter (standard paper stock, outbound envelope, 4/4 print) 2300 $ 0.1330 $ 305.900
printed on green paper
with black and red text
Utility Bill Miscellaneous Customer Letters (standard paper stock, outbound envelope, return envelope, 3/3 print) 76000 $ 0.1228 $ 9,332.800
printed on white paper
using black and red text
Utility Bill Inline Inserts 456000 $ 0.0900 $ 41,040.00 Utility Bill Inserts 2736000 $ 0.0220 $ 60,192.00
Postcards 228000 $ 0.0850 $ 19,380.00
NCOA/ACS 19000 $ 0.3500 $ 6,650.00
Archiving 1190940 $ 0.0220 $ 26,200.68
Archive API Monthly Support fee
12 $ 100.0000
$ 1,200.00
allows customer to view
statement in online portal
Programming 6 $ 155.0000 $ 930.00
Service Fee for Small Batch 24 $ 15.0000 $ 360.00
Flat Single Window Envelope 91200 $ 0.1800 $ 16,416.00 Bills w/ householding #11..
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Excess Pages Handwork Surcharge 912 $ 0.3000 $ 273.60 Bills w/ too many pages to Envelope snipes 912000 $ 0.0290 $ 26,448.00 fit in envelope Miscellaneous $ 20,000.00 unplanned expenses
Postcard Postage 228000 $ 0.3300 $ 75,240.00
Postage 1190940 $ 0.4910 $ 584,751.54
Utility Billing Total $ 1,032,141.64
Parking Citations
Parking Citation Miscellaneous Customer Letters 15000 $ 0.1330 $ 1,995.000 Service Fee for Small Batch 24 $ 15.0000 $ 360.000
Miscellaneous $ 500.000 unplanned expenses
Postage 15000 $ 0.4910 $ 7,365.000
Parking Citations Total $ 10,220.000
Grand Total $ 1,136,558.64
*ACTUAL USPS POSTAGE RATES REALIZED WILL BE PASSED THROUGH Custom Forms/Envelopes
If CITY has selected the Printing and Mailing Service and at any time requests that CONSULTANT’S Fees include the cost of custom CITY-specific materials (either in this Agreement or since its execution), then CITY understands and accepts that these materials will be purchased in bulk to achieve the lowest possible per-unit cost. CITY agrees to purchase any remaining supplies of requested custom materials (normally forms or envelopes) if CITY stops using CONSULTANT’s Service for any reason. CITY agrees to purchase the remaining supply of custom forms/envelopes upon CITY’s request to change the custom forms/envelopes before the supply has been depleted.
USPS Postage Rates
Postage rates are determined by the United States Postal Service. All postage rate changes are determined directly by USPS and are independent of any CONSULTANT service or materials fees. In no event shall any change in the postage rates affect the CONSULTANT service or materials fees.
CITY will be invoiced the amount of excess for overweight and foreign mail.
Postage Deposit
CONSULTANT purchases the postage needed to mail CITY documents on the day of mailing. The postage charges are later invoiced to CITY based on CITY’s payment terms. CONSULTANT requires CITY to submit a postage deposit prior to the first mailing to facilitate the payment terms. This amount will remain in deposit for the duration of the Agreement. Upon Agreement expiration or termination CITY must pay in full any outstanding invoices from CONSULTANT for payables created under this Agreement; the postage deposit will be refunded within fifteen (15) days of the date that the last open invoice is paid.
The postage deposit is subject to an annual review and may be adjusted to account for changes to CITY average mailing volume or changes to USPS postage rates. There will be no more than one adjustment requested per year.
The postage deposit amount is calculated by multiplying the estimated number of mail pieces per month by the current 5-Digit pre-sorted first class postage rate. #11..
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
December 6, 2022
Date: November 8, 2022
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: Alan Ernst, Fire Chief
SUBJECT: Purchase of LifePak 15 Monitors/Defibrillators CONTACT: Alan Ernst, Fire Chief, [email protected] , 209-572-9590 DESCRIPTION:
Consider approving a One-Time Purchase using the Competitive Bid Process from The National Association of State Procurement Officials (NASPO) ValuePoint for eight (8) LifePak15 Monitors from Stryker Medical, Chicago, IL for a total amount not to exceed $353,624. (Funding Source:
General Fund)
STRATEGIC PLAN ELEMENT:
This action supports the Strategic Plan Core Commitment to: “Provide Greater Safer Neighborhoods” and “Provide Healthy Economy and Great Quality of Life.” BACKGROUND:
The Modesto Fire Department (MFD) has utilized the LifePak Monitors and defibrillators since the inception of our Advanced Life Support Paramedic Program in the early 1990’s. We started with the LifePak12 model and we are now upgrading to the current LifePak15 models. LifePak15’s are utilized by all the ambulance companies in our area and on all Advanced Life Support (ALS) fire engines in the City of Modesto. This allows for equipment interchangeability when MFD operates in conjunction with other local ambulance providers or other mutual-aid agencies. We also operate LifePak Automatic External Defibrillators (AED) on all the Basic Life Support (BLS) engine companies so pads are interchangeable across all department apparatus. Stryker is the original equipment manufacturer and distributor of the LifePak15 monitors as they recently purchased Physio-Control and now serve as the sole source distributor.
On October 26, 2021, by Resolution 2021-416, Council approved the purchase of six (6) LifePak15 monitors from Stryker Medical, Chicago, IL. With the adoption of additional contracted fire services, MFD’s jurisdictional boundary has broadened, creating an increased level of ALS calls. Subsequently, additional equipment is in demand for our first responders to #12..
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City Council, December 6, 2022
Purchase of LifePak 15 Monitors/Defibrillators
provide vital care to the community. The proposed eight (8) LifePak15s will ensure we meet these expectations.
DISCUSSION:
On November 29, 2016, Oklahoma Office of Management Enterprises Services (OMES) issued invitation bid SW17300 by posting on the OMES Central Purchasing Website for AED UNITS AND ACCESSORIES. Five (5) bids were received with four (4) vendors awarded. Stryker Medical was awarded a contract based on their qualifying submission.
It has been determined the OMES Master Agreement OK-SW-300 with Stryker Medical meets the need of the city based on NASPO ValuPoint competitive bid process. The contract between Oklahoma Office of Management and Enterprises Services and Stryker Medical expires April 4, 2023.
The purchase includes annual preventative maintenance services (including inspection and unlimited repairs for a period of four (4) years) and a one-year warranty. This purchase includes a credit in the amount of $30,000 for trade-in of existing LifePak12B inventory.
Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $50,000 for material, equipment or contractual services to be formally bid. However, exceptions to the formal bidding process are granted in MMC 8-3.204(d) “Where the Purchasing Manager, in his or her discretion, determines that a process other than the formal bid procedure set for in Section 8-3.203 will result in procurement for the City at the lowest possible cost commensurate with the desired quality.” In addition, MMC 8-3.202(h) encourages the Purchasing Manager to join with the State of California and other units of government in cooperative purchasing plans when the best cost savings interest of the City would be served.
Both requirements were met based on the competitive bidding process selected by NASPO ValuePoint.
FISCAL IMPACT:
The anticipated cost of $353,624 is fully budgeted within the current 2022-2023 Fiscal Year from the General Fund Fire Department budget, and is covered by additional revenues generated through MFD’s agreement with Mountain Valley EMS Agency (Project #100960), and remaining ARPA funds that were allocated to MFD (Project #101345).
Fund Project and Name Amount
0180 – Fire NonCapital Projects
Fund
100960 – Emergency Medical Service Project $278,624
1390 – American
Rescue Plan Act
Fund
101345 – American Rescue Plan Act of 2021
Spending Project (1st Allocation)
$75,000
TOTAL $353,624
COMMITTEE RECOMMENDATION:
This item was presented to the Safety and Communities Committee on November 14, 2022, and was recommended to forward to Council for approval. #12..
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City Council, December 6, 2022
Purchase of LifePak 15 Monitors/Defibrillators
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution approving a One-Time Purchase using the Competitive Bid Process from The National Association of State Procurement Officials (NASPO) ValuePoint for eight (8) LifePak15 Monitors from Stryker Medical, Chicago, IL for a total cost not to exceed $353,624; and authorizing the Purchasing Manager, or her designee, to issue the Purchase Order.
Approved by:
Alan Ernst, Fire Chief
Joseph P. Lopez, City Manager
Attachments:
1. Resolution
2. Piggyback – Goods and Services
3. Stryker Medical Quote #10593366
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1 Meeting Date/Dept/Contact/Item # 2022-xxx
MODESTO CITY COUNCIL
RESOLUTION NO. 2022-XX
RESOLUTION APPROVING A ONE-TIME PURCHASE USING THE
COMPETITIVE BID PROCESS FROM THE NATIONAL ASSOCIATION OF STATE PROCUREMENT OFFICIALS (NASPO) VALUEPOINT FOR EIGHT (8) LIFEPAK15 MONITORS FROM STRYKER MEDICAL, CHICAGO, IL FOR A TOTAL COST NOT TO EXCEED $353,624; AND AUTHORIZING THE
PURCHASING MANAGER, OR HER DESIGNEE, TO ISSUE THE PURCHASE ORDER
WHEREAS, the Modesto Fire Department (MFD) has utilized the LifePak Monitors and defibrillators since the inception of our Advanced Life Support Paramedic Program in the early 1990’s, starting with the LifePak12 model and upgrading to the current LifePak15 models; and
WHEREAS, LifePak15’s are utilized by all the ambulance companies in our area and on all Advanced Life Support (ALS) fire engines in the City of Modesto, allowing for equipment interchangeability when MFD operates in conjunction with other local ambulance providers or other mutual-aid agencies; and
WHEREAS, Stryker is the original equipment manufacturer and distributor of the LifePak15 monitors as they recently purchased Physio-Control and now serves as the sole source distributor; and
WHEREAS, on October 26, 2021, by Resolution 2021-416, Council approved the purchase of six (6) LifePak15 monitors from Stryker Medical, Chicago, IL, and with the adoption of additional contracted fire services, MFD’s jurisdictional boundary has broadened, creating an increased level of ALS calls. Subsequently, additional equipment is in demand for our first responders to provide vital care to the community, and the proposed eight (8) LifePak15s will ensure we meet these expectations; and #12..
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2 Meeting Date/Dept/Contact/Item # 2022-xxx
WHEREAS, on November 29, 2016, Oklahoma Office of Management Enterprises Services (OMES) issued invitation bid SW17300 by posting on the OMES Central Purchasing Website for AED UNITS AND ACCESSORIES. Five (5) bids were received with four (4) vendors awarded, and Stryker Medical was awarded a contract based on their qualifying submission: and
WHEREAS, it has been determined the OMES Master Agreement OK-SW-300 with Stryker Medical meets the need of the city based on NASPO ValuPoint competitive bid process. The contract between Oklahoma Office of Management and Enterprises Services and Stryker Medical expires April 4, 2023; and WHEREAS, the purchase includes annual preventative maintenance services (including inspection and unlimited repairs for a period of four (4) years) and a one-year warranty. This purchase includes a credit in the amount of $30,000 for trade-in of existing LifePak12B inventory; and
WHEREAS, Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $50,000 for material, equipment or contractual services to be formally bid. However, exceptions to the formal bidding process are granted in MMC 8-3.204(d) “Where the Purchasing Manager, in his or her discretion, determines that a process other than the formal bid procedure set for in Section 8-3.203 will result in procurement for the City at the lowest possible cost commensurate with the desired quality” and
WHEREAS, in addition, MMC 8-3.202(h) encourages the Purchasing Manager to join with the State of California and other units of government in cooperative purchasing #12..
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3 Meeting Date/Dept/Contact/Item # 2022-xxx
plans when the best cost savings interest of the City would be served. Both requirements were met based on the competitive bidding process selected by NASPO ValuePoint.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Modesto that it hereby approves a One-Time Purchase using the Competitive Bid Process from The National Association of State Procurement Officials (NASPO) ValuePoint for eight (8) LifePak15 Monitors from Stryker Medical, Chicago, IL for a total cost not to exceed $353,624.
BE IT FURTHER RESOLVED, that the Purchasing Manager, or his designee, is hereby authorized to issue the Purchase Order.
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4 Meeting Date/Dept/Contact/Item # 2022-xxx
The foregoing resolution was introduced in a regular meeting of the Council of the City of Modesto held on the 6th day of December 2022, by Councilmember ________, who moved its adoption, which motion being duly seconded by Councilmember ______, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
ATTEST: _____________________________
DIANE NAYARES-PEREZ, City Clerk
(SEAL)
APPROVED AS TO FORM:
BY: _______________________________________
JOSE M. SANCHEZ, City Attorney
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
December 6, 2022
Date: November 8, 2022
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: Christina Alger, Director of Human Resources
SUBJECT: Agreement with Sloan Sakai Yeung & Wong, LLP, for Compensation Study CONTACT: Christina Alger, Director of Human Resources
[email protected], 209-571-5126
DESCRIPTION:
Consider approving an Agreement with Sloan Sakai Yeung & Wong, LLP, Emeryville, CA to conduct a Compensation Study in an amount not to exceed $54,000. (Funding Source: Various Funds)
STRATEGIC PLAN ELEMENT:
This item supports the 2020-2025 Strategic Plan’s Service and Delivery Goals & Strategies - Building a High-Performing Organization by Attracting and Retaining High-Performance Employees.
BACKGROUND:
It is the best practice of public sector organizations, like the City of Modesto, to periodically assess its compensation structure to ensure it can successfully compete for employee talent in the job market. A periodic compensation study aids in establishing market positions to attract higher-quality applicants. Agencies also periodically perform compensation studies to assess internal structure and alignment between positions of similar scope and hierarchy within the organization for consistency and fairness. Overall, the process helps the City achieve human resources objectives such as employee recruitment, retention, and pay satisfaction. Studies can focus on a specific department, labor group, or organization-wide1.
DISCUSSION:
1Carl Vinson Institute of Government. University of Georgia. https://cviog.uga.edu/services-and-research/humanresources-management/classification-and-compensation-studies.html #13..
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City Council, December 6, 2022
Agreement with Sloan Sakai Yeung & Wong, LLP, for Compensation Study
Compensation refers not only to the pay and benefits of a position but also the appropriateness of the compensation relative to other positions in an organization, as well as to market comparability which can impact recruitment success. The scope of work in the compensation study included surveying comparable agencies to determine placement for the City within the market, consistent with the Council’s compensation philosophy. Based on organization size and similarity, as well as geographical proximity for competitiveness with the City, and in agreement with the Labor Unions, the City has historically used the following ten organizations as comparisons: Stanislaus County, and the Cities of Turlock, Tracy, Stockton, Manteca, Sacramento, Fresno, Bakersfield, Livermore, and Roseville.
The Compensation data will be utilized to assist with negotiations of successor Memorandums of Understanding for all bargaining units with open contracts during the 2023 labor negotiations cycle. Therefore, the compensation report is informational only and no further adoption will be requested. Through the previous classification and compensation study process, the Council adopted a compensation philosophy of no more than 7.5% below the market median, reducing the gap for City employees from the 2007 compensation philosophy of 10% below.
A Request for Proposals (RFP) to conduct the study was executed on Friday, September 30, 2022. Staff emailed the RFP to 18 firms with a due date of October 21, 2022, allowing three weeks to respond. Four of the firms responded and the proposals were reviewed by the Human Resources team and included representatives from most of the affected associations, MCEA, MCMA, and MPOA.
Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $50,000 for material, equipment, or contractual services to follow the formal bid procedures. An Award of Proposal and Agreement for a Compensation Study for City positions using Sloan Sakai, Emeryville, CA conforms to the Modesto Municipal Code because the City complied with the bid procedures and Sloan Sakai Yeung & Wong, LLP, (Sloan Sakai) was determined to be the top-ranking proposal based on the criteria of expertise/staff qualifications, timeline, cost, and overall proposal.
FISCAL IMPACT:
The project is estimated not to exceed $54,000. This project is to be funded by various funds throughout the City due to the study affecting all City departments. Accordingly, the funding will be allocated based on full time equivalent (FTE) counts within the specific departments.
COMMITTEE RECOMMENDATION:
This item was considered at the Finance Committee on November 9, 2022 and recommended to move forward to Council.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution approving an Agreement with Sloan Sakai Yeung & Wong, LLP, Emeryville, CA to conduct a Compensation Study in an amount not to exceed $54,000 for a term of December 6, 2022 to December 6, 2023 and authorizing the City Manager, or his designee, to execute the Agreement.
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City Council, December 6, 2022
Agreement with Sloan Sakai Yeung & Wong, LLP, for Compensation Study
Approved by:
Christina Alger, Director of Human Resources
Joseph P. Lopez, City Manager
Attachments:
1. Resolution Compensation Study 2022
2. Agreement-Sloan Sakai-Compensation Study 2022
3. Exhibit A: Sloan Sakai Proposal
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MODESTO CITY COUNCIL
RESOLUTION NO. 2022-
RESOLUTION APPROVING AN AGREEMENT WITH SLOAN SAKAI YEUNG & WONG, LLP, EMERYVILLE, CA TO CONDUCT A COMPENSATION
STUDY IN AN AMOUNT NOT TO EXCEED $54,000 FOR A TERM OF
DECEMBER 6, 2022 TO DECEMBER 6, 2023 AND AUTHORIZING THE CITY
MANAGER, OR HIS DESIGNEE, TO EXECUTE THE AGREEMENT
WHEREAS, it is the best practice of public sector organizations, like the City of Modesto, to periodically assess its compensation structure to ensure it can successfully compete for employee talent in the job market; and
WHEREAS, a periodic compensation study aids in establishing market positions to attract higher-quality applicants. Agencies also periodically perform compensation studies to assess internal structure and alignment between positions of similar scope and hierarchy within the organization for consistency and fairness; and WHEREAS, overall, the process helps the City achieve human resources objectives such as employee recruitment, retention, and pay satisfaction. Studies can focus on a specific department, labor group, or be organization-wide; and WHEREAS, a Request for Proposals (RFP) to conduct the compensation study was executed on Friday, September 30, 2022. Staff emailed the RFP to 18 firms with a due date of October 21, 2022, allowing three weeks to respond. Four of the firms responded and the proposals were reviewed by the Human Resources team and included representatives from most of the affected associations, MCEA, MCMA, and MPOA; and WHEREAS, an Award of Proposal and Agreement for a Compensation Study for City positions using Sloan Sakai Yeung & Wong, LLP, Emeryville, CA conforms to the Modesto Municipal Code because the City complied with the bid procedures and Sloan #13..
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Sakai Yeung & Wong, LLP, was determined to be the top-ranking proposal based on the criteria of expertise/staff qualifications, timeline, cost, and overall proposal.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Modesto that it hereby approves an agreement with Sloan Sakai Yeung & Wong, LLP, Emeryville, CA to conduct a compensation study for term of December 6, 2022 to December 6, 2023, in an amount not to exceed $54,000.
BE IT FURTHER RESOLVED that the City Manager, or his designee, is hereby authorized to execute the contract in a form approved by the City Attorney.
The foregoing resolution was introduced in a regular meeting of the Council of the City of Modesto held on the 6th day of December, 2022, by Councilmember ?, who moved its adoption, which motion being duly seconded by Councilmember ?, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
ATTEST:
DIANE NAYARES-PEREZ, CMC,
City Clerk
APPROVED AS TO FORM:
By: _______________________________________
JOSE M. SANCHEZ, City Attorney
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LEGAL SERVICES AGREEMENT
This Agreement for Legal Services (this “Agreement”) is made and entered into on the 6 th day of December, 2022 (“Effective Date”), by and between the CITY OF MODESTO, a California Municipal Corporation (“CITY”), located at 1010 Tenth Street, Sixth Floor, Modesto, California 95353 and SLOAN SAKAI YEUNG & WONG LLP (“Attorney”), located at 2200 Powell Street, Suite 450, Emeryville, California 94608. City and Attorney are hereinafter collectively referred to as the “Parties,” and singularly as a “Party.”
RECITALS
WHEREAS, City desires to obtain Attorney’s services for legal advice, representation and assistance on matters related to conducting a total compensation study; and WHEREAS, Attorney is specially trained, experienced and competent to perform such services; and
WHEREAS, the public interest, economy and general welfare will be served by this Agreement.
NOW, THEREFORE it is hereby agreed as follows:
1. Services.
a. Scope of Work: Subject to the terms and conditions set forth in this Agreement, Attorney shall provide to City the following services (“Services”):
The Management Strategies Group “MSG” consulting division of Sloan Sakai Yeung & Wong LLP will assist the City in conducting a total compensation study.
Attorney shall not be compensated for services outside the scope of work identified under this Section unless prior to the commencement of such services:
(i) Attorney notifies City and City agrees that such services are outside the scope of work under this Section; (ii) Attorney estimates the additional compensation required for these additional services; and (iii) City, after notice, approves in writing a Supplemental Agreement specifying the additional services and amount of compensation therefore.
b. Term: This Agreement shall become effective on the Effective Date and shall continue for a one year term to December 6, 2023 unless sooner terminated as provided in Section 7.
2. Fees and Costs.
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a. Hourly Rates:
Geoffrey Rothman: $250 per hour
Charles Ayers: $125 per hour
The total of all fees paid to Attorney for the performance of all services set forth in Section 1 (hereafter the “Services”), and for all authorized Reimbursable Expenses (as defined hereafter), shall not exceed the total sum of fifty-four thousand dollars ($54,000).
b. Reimbursable Expenses. City shall reimburse Attorney for the actual, reasonable and necessary expense of travel out of the Modesto metropolitan area, (including travel to meetings in Modesto), approved in advance, at the IRS rate currently $0.625 per mile). Attorney will not charge City for the cost of telephone calls. Litigation costs and expenses for statutory fees, witness fees, reporters’ per diem and stenographic transcriptions, jury fees, and the expenses of serving process shall be advanced by Attorney and reimbursed by City. Expert consultants and witnesses may be retained by Attorney on terms acceptable to City, approved in advance by email or letter by the City Representative (as defined hereafter), in which case City shall reimburse Attorney or pay such consultants or experts directly.
c. Billing:
i. Legal billings shall be submitted to City every thirty (30) days unless otherwise advised. Bills shall be submitted to:
City Attorney
1010 Tenth Street, Suite 6300
Modesto, CA 95354
ii. Each task shall be distinctly and completely identified. In litigation matters, such as this, City will not pay invoices that contain block billing.
Each billing entry must contain the initials of the individual performing the task, the nature of the task, the date it was performed, and the length of time it took.
iii. Costs under $1,000.00 shall be paid by Attorney and submitted with their normal billing.
iv. City reserves the right to audit all invoices.
v. Payments to Attorney shall be made within a reasonable time after receipt #13..
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of Attorney’s invoice, generally within sixty (60) days of receipt.
Attorney shall be responsible for supplying all documentation necessary to verify the monthly billings to the satisfaction of City. vi. In addition to the provisions stated elsewhere in this Agreement regarding the payment of fees, billing and budgeting, the following guidelines for billing apply:
(1) City expects each individual working on the matter for which Attorney is retained to have the necessary experience to perform the services required to protect or pursue City’s interests in the matter in a cost effective manner, consistent with high professional and ethical standards.
(2) City expects Attorney to select the individual most suitable for the task required and the specific needs of the matter, and to use the maximum efficiencies available. Billings for services performed by the inappropriate level of personnel will be reduced by City based on rate adjustments for the appropriate level of personnel. (3) City will not pay for unnecessary review of texts, codes, rules of court, or other fundamental references. City will pay the hourly rate for specific legal research which is unique to the matter, assuming that Attorney has used maximum efficiencies and that Attorney has not already recently performed research in the same or very similar areas of law.
(4) City acknowledges the benefit of communications between attorneys in the firm. City does, however, expect that intra-office conferences will only be held as needed, and will be kept to a minimum. Intra-office conferences shall be for the purpose of discussing strategy and legal issues which directly further the matter. City will not pay for conferences which are supervisorial, instructional or administrative. Any invoice which lists an intraoffice conference that does not meet these guidelines must contain a full explanation and is subject to reduction by City. City will not pay for “team meetings” and City will scrutinize all intra-office conferences for “value added” to the matter by the conference, for the number of individuals attending the conference, the length of the conference, the subjects discussed at the conference and who participated in it, and will, in City’s sole discretion, determine if such value has been added.
(5) City will not pay for local telephone calls, incoming facsimiles, postage, time spent on filing, calendaring, indexing pleadings, #13..
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conferences with Clerks of court or court reporters, proofreading, re-drafting due to substandard work, or opening, organizing or closing files. City will not pay for time billed by summer interns or associates, time for more than one individual to attend a trial, hearing, court appearance, arbitration, mediation, deposition, third party meeting, conference call or similar event, unless otherwise approved by City in advance.
(6) Vague billing which does not contain sufficient information to allow City’s reviewer of the invoice to determine the nature of the task, the reason for the task, and the individual performing the task is subject to reduction by City.
(7) City will not reimburse for overtime, word processing, supplies, anything identified on an invoice as “miscellaneous,” or any other unidentified charges.
d. Budget:
i. Attorney has provided City with the attached proposed budget for the Services to be rendered pursuant to this Agreement. If Services involve tasks that have not yet been assigned by City, Attorney shall provide City with a proposed budget for all assigned new tasks with ten (10) days of receiving written notice from the City assigning Attorney the new task.
Total compensation for all tasks under this Agreement shall not exceed the total compensation under Section 2 of this Agreement. The budget shall include all projected fees and costs to be incurred by Attorney and necessary for completion of the Services necessary to conclude the representation. The budget shall be a good faith estimate and shall be as complete and detailed as reasonable possible, including such things as discovery and motions for trial, preparation of documents for transactional services, and anticipated research and investigations. The proposed budget shall identify the projected total hours that will be billed to each task, and the individual that are anticipated to be performing the task. Any deviation from the budget in excess of ten percent (10%), must be approved in advance by the City Attorney or designee. Notwithstanding the foregoing, should it become reasonably apparent to Attorney that the actual billings will exceed Attorney’s initial estimate of anticipated legal costs and fees, Attorney shall immediately notify City thereof in advance and shall submit a revised written estimate for City’s approval.
3. Reporting.
a. Attorney shall provide City with a preliminary status report and evaluation within thirty (30) days of the Effective Date and the assignment of such task which #13..
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report shall include an evaluation of the likelihood the City will prevail, the total exposure to the City if it loses, major strengths and weaknesses in the City’s defense, and a budget of the anticipated total costs and fees for Attorney and experts through trial. Thereafter, Attorney shall provide a status update to the City representative, as defined in Section 4, every sixty (60) days on any matter under this Agreement.
b. Attorney shall provide to City representative an electronic version of all agreement, pleadings, motions, and discovery documents filed or propounded by Attorney in a Microsoft Word format compatible with that used by the City Attorney’s office.
c. In the event that Attorney’s handling of the above-designated matter exceeds a period of twenty-four (24) months, Attorney shall, in addition to providing regular status reports to City, also report directly to the City representative on an annual basis and no later than March 30th of each year, setting forth in detail the status of the matter, and Attorney’s plan for further handling of the matter, and the estimated length of time to conclude the matter.
4. City Representative. The City Attorney, or the City Attorney’s designee, shall be the “City Representative” under this Agreement and shall administer this Agreement for City, including any payments hereunder. All Attorney questions pertaining to this Agreement shall be referred to the City Representative or the Representative’s designee.
5. Insurance Requirements. During the entire term of this Agreement, Attorney shall maintain the following insurance:
a. Minimum Scope of Insurance: Coverage should be at least as broad as:
i. Insurance Services Office Form No. CG 0001 (Commercial General Liability);
ii. Insurance Services Office Form No. CA 0001 (Ed. 1/87) (Automobile Liability, Code “any auto”);
iii. Workers’ Compensation as required by the Labor Code of the State of California, and Employers’ Liability Insurance:
iv. Professional Liability (Errors and Omissions) insurance against loss due to error, omission or malpractice.
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b. Minimum Limits of Insurance: Attorney shall maintain limits no less than:
i. Commercial General Liability: $1,000,000 combined single limit per occurrence, including endorsements for contractual liabilities, broad form property damage and personal injury.
ii. Automobile Liability: $1,000,000 combined single limit per accident for personal injury and property damage arising from owned, hired and nonowned vehicles. iii. Workers’ Compensation and Employers’ Liability: Workers’ compensation limits as required by the Labor Code of the State of California and Employers’ Liability limits of $1,000,000 per accident. iv. Professional Liability (Errors and Omissions): $2,000,000 combined single limit per occurrence.
c. Deductibles and Self-Insured Retentions: Any deductibles or self-insured retentions must be declared to and approved by the City. d. Other Insurance Provisions: The policies are to contain, or be endorsed to contain, the following provisions:
i. General Liability and Automobile Liability Coverages:
(1) The General Liability and Automobile Liability policies shall be written on an occurrence form and shall name City, its officers, officials, agents, employees and volunteers as additional insureds.
Such policy(ies) of insurance shall be endorsed so that Attorney’s insurance shall be primary and any insurance or self-insurance maintained by City, its officials, employees or volunteers shall be in excess of Attorney’s insurance and shall not contribute with it. (2) Any failure to comply with reporting provisions of the policies shall not affect coverage provided to City, its officials, employees or volunteers.
(3) Coverage shall state that Attorney’s insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer’s liability. ii. All Coverages:
(1) Each insurance policy required by this Agreement shall be endorsed to state that coverages shall not be canceled except after thirty (30) days prior written notice has been given to City. In #13..
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addition, Attorney agrees that it shall not reduce its coverage or limits on any such policy except after thirty (30) days prior written notice has been given to City and City approves the reduction in coverage or limits. Attorney further agrees that it shall not increase any deductibles or self-insured retentions on any such policy except after thirty (30) days prior written notice has been given to City and City approves such increase.
(2) In the event claims made forms are used for any Professional Liability coverage, either (i) the policy(ies) shall be endorsed to provide not less than a five (5) year discovery period, or (ii) the coverage shall be maintained for a minimum of five (5) years following the termination of this Agreement and the requirements of this section relating to such coverage shall survive termination or expiration of this Agreement. Attorney shall furnish City with the certificate(s) and applicable endorsements for ALL required insurance prior to City’s execution of this Agreement.
e. Acceptability of Insurers: Insurance shall be placed with insurers with a Bests’ rating of no less than A:VII. This requirement may, however, be waived in individual cases for Errors and Omissions Coverages only; provided, however, that in no event shall a carrier with a rating below B:IX be acceptable. f. Verification of Coverage: Attorney shall furnish City with certificates of insurance showing compliance with the above requirements and with original endorsements affecting all coverages required by this Agreement both prior to the execution of this Agreement, and during the pendency of this Agreement at any time upon request by City. The certificates and/or endorsements shall set forth a valid policy number for City, and shall indicate the Issue Date, Effective Date and Expiration Date. The certificates and endorsements for each insurance policy shall be signed by a person authorized by the insurer to bind coverage on its behalf. The certificates and endorsements shall be forwarded to the City Representative.
g. Payment Withhold: City shall withhold payments to Attorney if the certificates of insurance and endorsements required in this section are canceled or Attorney otherwise ceases to be insured as required herein.
6. Indemnification.
a. Indemnity: Attorney shall fully indemnify and save harmless, City, its officers and employees, including without limitation the City Attorney, and each and every one of them, from and against all actions, damages, costs, liability, claims, losses, judgments, penalties and expenses of every type and description, including, but not limited to, any fees and/or costs reasonably incurred by City’s #13..
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staff attorneys or outside attorneys and any fees and expenses incurred in enforcing this provision (hereafter collectively referred to as “Liabilities”), to which any or all of them may be subjected, to the extent such Liabilities are caused by or result from any negligent act or omission or willful misconduct of Attorney, its subcontractors or agents, and their respective officers and employees, in connection with the performance or nonperformance of this Agreement, whether or not the City, its officers or employees reviewed, accepted or approved any service or work product performed or provided by the Attorney, and whether or not such Liabilities are litigated, settled or reduced to judgment. b. Obligation to Defend: Attorney shall, upon City’s request, defend at Attorney’s sole cost any action, claim, suit, cause of action or portion thereof which asserts or alleges Liabilities to the extent such Liabilities are caused by or result from any negligent act or omission or willful misconduct of Attorney, its sub-attorneys, subcontractors or agents, and their respective officers and employees, in connection with the performance or nonperformance of this Agreement, whether such action, claim, suit, cause of action or portion thereof is well founded or not. c. Insurance Policies; Intellectual Property Claims: The existence or acceptance by City of any of the insurance policies or coverages described in this Agreement shall not affect or limit any of City’s rights under this section, nor shall the limits of such insurance limit the liability of Attorney hereunder. This section shall not apply to any intellectual property claims, actions, lawsuits or other proceedings subject to the provisions of Section 4 (Confidentiality of City Information) above.
The provisions of this section shall survive any expiration or termination of this Agreement.
7. Termination.
a. By City. City may terminate this Agreement at any time by written notice. After receiving such notice, Attorney will cease providing services. Attorney will cooperate with City in the orderly transfer of all related files and records to your new counsel.
b. By Attorney. Attorney may terminate this Agreement at any time with City’s consent or for good cause. Attorney may terminate this Agreement for any reason by giving to City Attorney not less than sixty (60) days prior written notice of termination. The notice shall specify the effective date of and reason for the termination. Good cause exists if (a) any statement is not paid within ninety (90) days of its receipt; (b) City fails to meet any other obligation under this Agreement and continues in that failure for 15 days after Attorney sends written notice to City; (c) City has misrepresented or failed to disclose material facts to Attorney, refused to cooperate with Attorney, refused to follow Attorney’s advice on a material matter, or otherwise made Attorney’s representation unreasonably difficult; or (d) any other circumstance exists in which ethical rules of the legal #13..
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profession mandate or permit termination, including situations where a conflict of interest arises. If Attorney terminates Services, City agree to execute a substitution of attorneys promptly and otherwise cooperate in effecting that termination.
Termination of this Agreement, whether by City or by Attorney, will not relieve the obligation to pay for services rendered and costs incurred before our services formally ceased.
8. General Provisions.
a. Independent Contractor.
i. It is understood and agreed that Attorney (including Attorney’s employees) is an independent contractor and that no relationship of employer-employee exists between the Parties hereto for any purpose whatsoever. Neither Attorney nor Attorney’s assigned personnel shall be entitled to any benefits payable to employees of City. City is not required to make any deductions or withholdings from the compensation payable to Attorney under the provisions of this Agreement, and Attorney shall be issued an IRS Form 1099 for its services hereunder. As an independent contractor, Attorney hereby agrees to indemnify and hold City harmless from any and all claims that may be made against City based upon any contention by any of Attorney’s employees or by any third party, including but not limited to any state or federal agency, that an employeremployee relationship or a substitute therefor exists for any purpose whatsoever by reason of this Agreement or by reason of the nature and/or performance of any Services under this Agreement.
ii. It is further understood and agreed by the Parties hereto that Attorney, in the performance of its obligations hereunder, is subject to the control and direction of City as to the designation of tasks to be performed and the results to be accomplished by the Services agreed to be rendered and performed under this Agreement, but not as to the means, methods, or sequence used by Attorney for accomplishing such results. To the extent that Attorney obtains permission to, and does, use City facilities, space, equipment or support services in the performance of this Agreement, this use shall be at the Attorney’s sole discretion based on the Attorney’s determination that such use will promote Attorney’s efficiency and effectiveness. Except as may be specifically provided elsewhere in this Agreement, the City does not require that Attorney use City facilities, equipment or support services or work in City locations in the performance of this Agreement.
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iii. If, in the performance of this Agreement, any third persons are employed by Attorney, such persons shall be entirely and exclusively under the direction, supervision, and control of Attorney. Except as may be specifically provided elsewhere in this Agreement, all terms of employment, including hours, wages, working conditions, discipline, hiring, and discharging, or any other terms of employment or requirements of law, shall be determined by Attorney. It is further understood and agreed that Attorney shall issue W-2 or 1099 Forms for income and employment tax purposes, for all of Attorney’s assigned personnel and subcontractors.
b. Licenses; Permits, Etc.: Attorney represents and warrants that Attorney has all licenses, permits, City Business Operations Tax Certificate, qualifications, and approvals of whatsoever nature which are legally required for Attorney to practice its profession or provide any services under the Agreement. _____________
Attorney’s Initial
Attorney represents and warrants that Attorney shall, at its sole cost and expense, keep in effect or obtain at all times during the term of this Agreement any licenses, permits, and approvals which are legally required for Attorney to practice its profession or provide such Services. Without limiting the generality of the foregoing, if Attorney is an out-of-state corporation, Attorney warrants and represents that it possesses a valid certificate of qualification to transact business in the State of California issued by the California Secretary of State pursuant to Section 2105 of the California Corporations Code.
c. Conflicts of Interest. Attorney represents and warrants that they have made a diligent effort to determine whether there are any actual or potential conflicts of interest that would preclude or interfere with Attorney’s performance of this Agreement, and that no such conflict of interest exists. Attorney shall indemnify and hold harmless City from and against any and all liability, loss, expense and obligation arising directly or indirectly out of any breach of the foregoing representation and warranty. Attorney agrees to avoid conflicts of interest or the appearance of any conflicts of interest with the interests of City at all times during the performance of this Agreement.
d. Confidentiality of City Information. Attorney understands and agrees that during the course performing the services required by this Agreement, or in contemplation thereof, Attorney may have access to private or confidential information which may be owned or controlled by City and that such information may contain proprietary or confidential details, the disclosure of which to third parties may be damaging to City. Attorney agree that all information disclosed by City to Attorney shall be held in confidence and used only in performance of the #13..
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services required by this Agreement. A violation of this section shall be a material violation of this Agreement and shall justify legal and/or equitable relief. e. Publicity. The City Representative shall serve as the point of contact for press information regarding all matters performed by Attorney under this Agreement.
If any publicity is generated by the subject matter of this representation, Attorney will consult with and obtain approval of the City Representative before making any statement to any media outlet (whether radio, print, internet or television) about the content and timing of such statement.
f. Disqualification of Judges. At the option of the City Attorney, judges may be disqualified from hearing City litigation, and Attorney shall adhere to such decision of the City Attorney. In the event that Attorney is of the opinion that a judge ought to be disqualified, the City Attorney must be consulted in advance by Attorney, and Attorney must obtain the City Attorney’s written consent to such disqualification.
g. Equal Employment Opportunity. During the performance of this Agreement, Attorney, for itself, its assignees and successors in interest, agrees as follows:
i. Compliance With Regulations: Attorney shall comply with the Executive Order 11246 entitled “Equal Opportunity in Federal Employment”, as amended by Executive Order 11375 and 12086, and as supplemented in Department of Labor regulations (41 CFR Chapter 60), hereinafter collectively referred to as the “Regulations.” ii. Nondiscrimination: Attorney, with regards to the work performed pursuant to this Agreement, shall not discriminate on the ground of race, color, religion, sex, national origin, age, marital status, physical handicap or sexual orientation in selection and retention of subcontractors, including procurement of materials and leases of equipment. Attorney shall not participate either directly or indirectly in discrimination prohibited by the Regulations.
h. Severability. If any portion of this Agreement or the application thereof to any person or circumstance shall be held invalid or unenforceable, the remainder of this Agreement shall not be affected thereby and shall be enforced to the greatest extent permitted by law.
i. Waiver. Neither City acceptance of, or payment for, any Service or Additional Service performed by Attorney, nor any waiver by either Party of any default, breach or condition precedent, shall be construed as a waiver of any provision of this Agreement, nor as a waiver of any other default, breach or condition precedent or any other right hereunder.
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j. Enforcement of Agreement. This Agreement shall be governed, construed and enforced in accordance with the laws of the State of California. Venue of any litigation arising out of or connected with this Agreement shall lie exclusively in the state trial court or Federal District Court located in Stanislaus County in the State of California, and the Parties consent to jurisdiction over their persons and over the subject matter of any such litigation in such courts, and consent to service of process issued by such courts.
k. Attorneys’ Fees. In any action to enforce the terms of this Agreement, the prevailing Party shall recover its reasonable attorneys' fees. l. Assignment Prohibited. The expertise and experience of Attorney are material considerations for this Agreement. City has a strong interest in the qualifications and capability of the persons and entities who will fulfill the obligations imposed on Attorney under this Agreement. In recognition of this interest, Attorney shall not assign any right or obligation pursuant to this Agreement without the written consent of the City. Any attempted or purported assignment without City’s written consent shall be void and of no effect.
m. Notice. Any notice, demand, request, consent, approval, communication either Party desires or is required to give the other party or any other person shall be in writing and either served personally or sent by prepaid, first-class mail to the address set forth below. Either Party may change its address by notifying the other Party of the change of address in writing. Notice shall be deemed communicated forty-eight (48) hours from the time of mailing if mailed as provided in this section.
To: City of Modesto: To: Attorney:
Attention: City Attorney Attention: Charles Sakai &
Geoffrey Rothman
Contact Information: Contact Information:
1010 Tenth Street, 6th Floor
Modesto, CA 95353
Phone: (209) 577-5288
555 Capitol Mall, Suite 600
Sacramento, CA
95814 (415) 516-8091
9. Entire Agreement. This document, including all Exhibits, contains the entire agreement between the Parties and supersedes whatever oral or written understanding they may have had prior to the execution of this Agreement. No alteration to the terms of this Agreement shall be valid unless approved in writing by Attorney, and by City, in accordance with applicable provision of the Modesto City Code.
10. Authority. The person signing this Agreement for Attorney hereby represents and warrants that he/she is fully authorized to sign this Agreement on behalf of Attorney and #13..
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to bind Attorney to the performance of its obligations hereunder.
11. Exhibits. All exhibits referred to herein are attached hereto and are by this reference incorporated as if set forth fully herein.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates stated below.
CITY OF MODESTO,
A Municipal Corporation
By:__________________________________
Joseph P. Lopez, City Manager
APPROVED TO AS FORM:
_____________________________________
Jose M. Sanchez, City Attorney
ATTEST:
____________________________________
Diane Nayares-Perez, City Clerk
_____________________________________
Christina Alger, Director of Human Resources
[Signatures Continued on Next Page.]
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ATTORNEY:
SLOAN SAKAI YEUNG & WONG LLP
______________________________________
______________________________________
Federal I.D. No.
______________________________________
State I.D. No.
______________________________________
City of Modesto Business Op. Tax Cert. No.
TYPE OF BUSINESS ENTITY (check one):
_____ Individual/Sole Proprietor
_____ Partnership
_____ Corporation
_____ Limited Liability Company
_____ Other (please specify: ______________)
______________________________________
Signature of Authorized Person
______________________________________
Title
______________________________________
Additional Signature (if required)
______________________________________
Title
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Total Compensation Study
October 21, 2022
Primary Contact:
Geoffrey Rothman
[email protected]
1220 7th Street, 3rd Floor
Berkeley, CA, 94710
415-516-8091
Response to
City of Modesto
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City of Modesto Total Compensation Study RFP i
TABLE OF CONTENTS
COVER LETTER ......................................................................................................... ii I. KEY PROJECT STAFF AND QUALIFICATIONS................................................. 1 II. SCOPE OF SERVICES, WORK PLAN, AND SCHEDULE.................................... 2 III. CLIENT REFERENCES AND WORK PRODUCT EXAMPLES............................. 5 IV. PROJECT BUDGET ESTIMATE AND FEE SCHEDULE ......................................6 APPENDIX A: Team Resumes ....................................................................................................
APPENDIX B: Client List............................................................................................................ #13..
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City of Modesto Total Compensation Study RFP ii
GEOFFREY ROTHMAN
[email protected]
415-516-8091
1220 7th Street, 3rd Floor
Berkeley, CA 94710
Via E-Mail
October 21, 2022
Kelly Rice-Ortiz
Executive Assistant
City of Modesto
P. O. Box 642
1010 Tenth Street, Suite 2200
Modesto, CA 95353
Re: Total Compensation Study
Dear Ms. Swanson:
The Management Strategies Group (“MSG”) consulting division of the Sloan Sakai Yeung & Wong LLP law firm (“the Firm” or “Sloan Sakai”) is pleased to submit the enclosed proposal and statement of qualifications to the City of Modesto (“the City”). Based on our extensive experience with compensation planning and compensation studies, we believe that we are especially well-suited to provide the requested services for the City.
Sakai Yeung & Wong LLP, a partnership, was formed in 2004 to provide a broad array of legal and consulting services to public agencies and non-profit corporations - the consulting division was established soon after. Labor law, employment law, government law, labor/personnel relations, and public agency expert consulting are the focal points of our practice.
Our consulting group is made up of practitioners who have previously been executive and management level staff of public agencies. Consultant disciplines include finance, human resources, organization development, program assessments, labor relations, risk management, operational specialties typically found in public agencies (Police, Fire, Community Development, etc.), and executive support for non-profit and public agencies.
Our consultants have extensive experience planning and conducting compensation studies and understand the importance of compensation data in pay policy development and assessment. We recognize that salary and benefits data are integral to multiple human resource management processes. We have extensive experience working closely with a broad range of public agencies on these projects since our founding in the mid-2000s, conducting both rank and file and agency wide studies as well as custom programs for executive level staff.
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City of Modesto Total Compensation Study RFP iii
I can affirm that our team, made up myself and Analyst Charles Ayers, is able to devote the time and resources needed to provide the desired services during the contract period. I also affirm that our experience and the approach detailed in the proposal will enable us to complete the City’s work within the schedule and budget presented.
Thank you for considering our proposal, and we welcome the opportunity to discuss our experience in further detail.
Sincerely,
Geoffrey Rothman
Principal Consultant
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City of Modesto Total Compensation Study RFP 1
I. KEY PROJECT STAFF AND QUALIFICATIONS
Geoffrey Rothman will serve as project manager and contact for the Management Strategies Group team and will be assisted by Analyst Charles Ayers. Team bios can be found below, and full resumes can be found in Appendix A.
Geoffrey Rothman - Consultant, Project Manager
Mr. Rothman is one of most experienced classification/compensation consultants in the entire state. He is also an experienced labor negotiator who understands the linkage between that process and classification/compensation studies.
Mr. Rothman has conducted hundreds of classification and compensation studies for numerous public agencies, including cities, counties, and special districts, since joining the Firm shortly after its founding. His classification studies range from individual desk audits to organization-wide occupational studies and surveys. His compensation studies have been conducted for whole agencies, bargaining units, and specific classifications. His projects have also included working closely with clients to train, develop and implement compensation strategies and plans for maintenance of the studies into the future. A sample of agencies that he has recently worked with include: Bay Area Rapid Transit (BART), City of Oakland, Golden Gate Bridge and Highway Transit District, Santa Cruz County, the Port of Oakland, and the Bay Area Air Quality Management District.
Mr. Rothman was the Employee Relations Director and Chief Negotiator for the City and County of San Francisco for 10 years. He oversaw negotiations that affected 28,000 employees covered by over 40 Memoranda of Understanding. He previously served as the manager for classification, compensation, and recruitment and selection at the San Francisco Civil Service Commission. On numerous occasions, he has testified at fact findings, grievance arbitrations, and interest arbitrations as an expert on classification, compensation, and comparability issues. An expert in health benefits organization models, Mr. Rothman is co-author of "Public Employee Benefits: From Inquiry to Strategy.” Charles Ayers - Analyst
Mr. Ayers joined the Firm in 2018 with a background in research, analysis, and communications. He has since assisted with numerous classification and compensation studies, frequently supporting Mr. Rothman. Recent examples include Bay Area Rapid Transit (BART), the City of Oakland, the City of Menlo Park, the Golden Gate Bridge and Highway Transit District, Santa Cruz County, the Port of Oakland, and the Bay Area Air #13..
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City of Modesto Total Compensation Study RFP 2
Quality Management District. He received a BA from the University of California, Berkeley, double majoring in Economics and Political Science.
The Firm reserves the right to substitute other qualified consultant staff to the project as needs arise. No staff changes will be made without prior notice to and approval of the client.
We do not anticipate the need to subcontract any portion of the work at this time.
II. SCOPE OF SERVICES, WORK PLAN, AND SCHEDULE
Our approach to compensation studies is simple and straightforward. It relies first on a clear understanding of purpose and objectives. While studies are typically commissioned by management, we believe that the process should be transparent and inclusive, and should begin with an overview presentation to both labor and management to describe our process, likely outcomes, and invite input from the stakeholders. While the final use of the data may be contentious, we believe in a partnered approach for as far as possible. We believe that both labor and management have a stake in a credible and useful product to assist in their processes.
Our survey method relies on the essential cornerstones of verified class matching, a thorough understanding of comparative organizations, the details and nuances of various compensation and benefit programs, and the specifics of labor agreements. We emphasize quality control. All data is reviewed by at least two staff persons, ensuring that data entries are checked and rechecked. We also confirm and reconfirm all key survey elements with the client before and after any survey work is finalized. And, naturally, all data is documented for review by any stakeholder.
Our program typically consists of the following tasks:
• Orientation
a. Initial meeting(s) is held with city management and other stakeholders to review goals, steps, methodologies, milestones, and outcomes to ensure mutual understanding and address various questions which may arise. b. We recommend two steps to achieve our goals at this stage: briefings with management, as described above, and a joint training and overview exercise for all stakeholders to ensure transparency and inclusion. We believe that we are unique in employing this strategy in addition to the more typical approaches. #13..
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City of Modesto Total Compensation Study RFP 3
• Identify Comparison Agencies
a. In addition to any survey agencies used historically, we will also recommend additions or deletions where we recognize potential for improved outcomes and/or relevance. We will meet and consult with management to create and confirm a list of comparable agencies to be used in the survey. And, if needed, we are available to discuss our recommendations with other stakeholders. • Identify Survey Benchmarks
a. We will work with the client to identify the most appropriate classes to survey.
In most cases, and especially at management levels, making good matches is a challenge due to varying organizational structures and designs. Selecting the most efficient survey classes can greatly improve the significance of the survey outcomes.
• Collect Survey Data
a. We complete the survey results with City approved comparators and benchmark positions. We will develop a total compensation sheet for each surveyed position along with all data points—highlighting deviations from the median and mean. b. Meet and discuss results with stakeholders.
c. Possibly apply the standard differentials to the remaining positions. And if requested, develop cost implications of various scenarios. With regard to internal differentials, we will conduct internal valuation analysis if that task is appropriate to the study.
• Meet and Report Out to Stakeholders on Compensation Report a. As determined by HR, we will communicate and explain survey results to other parties.
These are general outlines that can be reorganized to conform with City time and budgetary needs.
For a breakdown of tasks by time and staff, see below. We anticipate being able to complete these tasks by the City’s desired March 2023 deadline, assuming full City and survey agency cooperation.
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City of Modesto Total Compensation Study RFP 4
Activity Estimated Time
(including
travel)
Staff
Review current class and pay plan. Review other
recent studies. Identify other classification and pay
issues.
Meet with management to confirm study
objectives, schedules and logistics.
Conduct orientation and briefing session(s) with
management and other stakeholders.
Note – the proposal costing assumes one onsite
visit for the orientation meetings.
20 hours
including
preparation,
follow-ups, and
travel time
GR
Conduct a review to identify the most relevant
comparable agencies and make recommendations.
Conduct a review of the classification plan to
identify and recommend most appropriate survey
benchmarks
Confirm all survey parameters, including internal
relationships, the comparable agencies, survey
benchmarks, and survey data points to be used in
compensation study
22 hours GR –
14 hours
CA- 8
hours
Conduct a comprehensive total compensation
survey relying on a comparison duties and
responsibilities and qualifications based upon the
classification specifications from the Agency. The
specific survey data points will be determined in
meetings with City staff.
200 hours – this
assumes
approximately 10
agencies to
survey, and
survey of up to 96
benchmark
classes.
GR –
40 hours
CA –
16o
hours
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City of Modesto Total Compensation Study RFP 5
Activity Estimated Time
(including
travel)
Staff
Review data and share critical findings and
recommendations and issues with city staff.
Note – the proposal assumes an onsite visit for this
task.
24 hours GR
Conduct meetings with management to discuss
preliminary findings and potential changes or
recommendations prior to the preparation of the
final written report. Finalize final report.
32 hours,
including drafting
report, presenting
draft, and
updating and
amending
GR –
16 hours
CA –
16 hours
Ongoing weekly status reports. 10 hours GR
III. CLIENT REFERENCES AND WORK PRODUCT EXAMPLES
For a review of recent classification and compensation projects completed by the proposed team, along with contact information, see below. We are willing to provide work product examples on request by the City, but as the Firm requests client permission to share these documents, we would prefer to share directly with City staff upon request as opposed to including as part of our response.
City of San Luis Obispo
Nickole Domini, Human Resources Director
(805) 781-7251, [email protected]
Port of Oakland
Michael Mitchell, Director of Human Resources
(510) 627-1516, [email protected]
Bay Area Air Quality Management District
Judy Yu, HR Manager
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City of Modesto Total Compensation Study RFP 6
(415) 749-4626, [email protected]
County of Santa Cruz
Terri Cobbs, Sr. Personnel Analyst
(831) 454-2943, [email protected]
IV. PROJECT BUDGET ESTIMATE AND FEE SCHEDULE
Sloan Sakai proposes to provide the desired services to the City at the discounted public agency hourly rates below:
Geoffrey Rothman $ 250
Charles Ayers $ 125
These rates will apply for all categories of major activities in providing compensation consulting services to the City. Per our hourly rates and estimated project time, we propose a not-to-exceed project budget of $ 54,000 for the total compensation survey. As we bill based on actual work performed, actual costs may be less. If work is added at any point, we will advise the client, in advance, of likely cost impacts. Additionally, we are always available to work with the client to reduce overall costs and identify tasks which can be removed or reduced.
We use a computerized billing system that is capable of tracking multiple account codes for billing each of our clients. We bill on a monthly basis for services performed and costs incurred. Payment is due within 30 days of the date an invoice is rendered. Past due amounts will be shown on the invoice.
The Firm charges separately for certain project costs. Such costs and disbursements include, for example, the following: travel (at the IRS rate in effect at the time the travel occurs), reasonable accommodations, computer-assisted research, transcription, overnight delivery, and messenger services. The Firm also bills for time spent traveling on a client’s behalf at our normal rates.
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APPENDIX A
TEAM RESUMES
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BERKELEY | SACRAMENTO
1220 Seventh Street, Suite 300 Berkeley, CA 94710 O: 510.995.5800 F: 415.678.3838 mgmt-strategies.com
BERKELEY OFFICE
t: 415-516-8091
f: 415-678-3838
[email protected]
PRACTICE AREAS
Labor and Employee Relations
HR Management
Operations Management
Workplace Trainings
EDUCATION
University of CA Los Angeles, BA
Geoff Rothman
Consultant
EXPERIENCE
Mr. Rothman provides expert consulting services in the areas of human resources and labor relations. His experience includes labor relations, classification, compensation, personnel assessment, employee benefits, employment discrimination, employee development and training, and strategic and organizational planning. He has testified as a human resources expert in the federal courts and in numerous fact-finding and arbitration proceedings.
Some of Mr. Rothman’s recent accomplishments include:
• Successfully negotiating collective bargaining agreements on behalf of cities, counties, and special districts with bargaining units including as many as 4,000 employees
• Developing collective bargaining strategies and objectives in collaboration with senior policy makers and elected officials
• Participation in mediation efforts resulting in the successful settlement of outstanding contract disputes
• Conducting numerous classification audits both in response to contract requirements, preparation for negotiation, and ongoing organization change • Testifying in interest arbitration and ‘AB 646’ proceedings concerning comparability and classification studies
• Conducting a comprehensive classification and compensation procedures instructional program, for city, county and special district human resource staff
• Conducting numerous comparability studies for such diverse groups as public safety, information technology, management and service and support categories, and which are often utilized to reach wage agreements and support negotiations objectives
RELATED EXPERIENCE
Prior to joining the firm, Mr. Rothman served for ten years as the Employee Relations Director for the City and County of San Francisco. He as the City’s chief negotiator for collective bargaining and meet-and-confer proceedings encompassing 28,000 employees under 47 separate contracts covering over 100 bargaining units, including police, fire, nurses, transit workers, building trades, management, professional, technical and service occupations.
He also served as the Manager for Classification, Compensation and Labor Relations for the San Francisco Civil Service Commission; Recruitment and Examination Director for the Civil Service Commission; Federal Court appointed consent decree coordinator in the San Francisco Police Department; and led the City’s first Affirmative Acton initiatives.
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BERKELEY | SACRAMENTO
1220 Seventh Street, Suite 300 Berkeley, CA 94710 O: 510.995.5800 F: 415.678.3838 mgmt-strategies.com For more than 20 years, Mr. Rothman also had his own consulting organization, Geoffrey L. Rothman and Associates, providing consulting services to public sector organizations in the areas of labor relations, classification, compensation, employee selection, and Equal Employment Opportunity.
MEMBERSHIPS
• International Personnel Management Association Assessment Council (IPMAAC); California Public Employer Labor Relations Association (CALPELRA)
SELECTED PRESENTATIONS AND PUBLICATIONS
• “Deferred Compensation,” International Foundation of Employee Benefit Plans, Public Sector Program (2003) • “Organizational Effectiveness,” International Foundation of Employee Benefit Plans, Annual Conference (2003) • “Phased Retirement,” International Foundation of Employee Benefit Plans, Public Sector Conference, San Francisco (2002)
• “Interest Arbitration (SB402),” League of California Cities (2001) • Article, Public Employee Benefits – From Inquiry to Strategy, International Foundation of Employee Benefit Plans (2000)
• “Strategic Planning for Employee Benefits,” Western Region IPMA Annual Conference and International Foundation of Employee Benefit Plans, Public Sector Program (1999) • “Strategic Planning,” International Personnel Management Association Training Conference and International Foundation of Employee Benefit Plans Annual Conference (1999) • “Classification and Compensation in the Public Sector,” City Clerks Association of California Annual Institute (1995) • “Family Friendly Employment Programs,” Western Region IPMA Annual Conference (1995) • Training Video, “The Other Point of View,” moderator and contributor, Andrew Belling Productions (1985) #13..
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BERKELEY | SACRAMENTO
1220 Seventh Street, Suite 300 Berkeley, CA 94710 O: 510.995.5800 F: 415.678.3838 mgmt-strategies.com
BERKELEY OFFICE
t: 510.995.5815
f: 415.678.3838
[email protected]
PRACTICE AREAS
Classification & Compensation
EDUCATION
University of California, Berkeley, BA
Charles Ayers
Analyst
EXPERIENCE
Charles Ayers is an Analyst with the Firm assisting consultants and attorneys with a variety of client and business development projects. Mr. Ayers joined the Firm in 2018 with a background in research, analysis, and communications. He has since assisted with numerous classification and compensation studies, frequently supporting various MSG consultants. Sample projects include simple salary surveys, total compensation studies, benefits breakdowns, researching and analyzing the different roles and responsibilities for individual job classes or families, and examining public agency practices. He received a BA from the University of California, Berkeley, double majoring in Economics and Political Science.
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APPENDIX B
CLIENT LIST
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RECENT & CURRENT COMPENSATION STUDY CLIENTS
Bay Area Air Quality Management District
Bay Area Rapid Transit (BART)
Bay Area Water Supply & Conservation Agency
City of Brea
City of Martinez
City of Menlo Park
City of Morro Bay
City of Oakland
City of Palo Alto
City of San Luis Obispo
East Bay Regional Parks District
Golden Gate Bridge and Highway Transit District
Pajaro Regional Flood Management Agency
Port of Oakland
San Francisco Housing Authority
Santa Clara County
Santa Cruz County
Sonoma County Library
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
December 6, 2022
Date: November 8, 2022
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: Laurie A. Smith, Director of Parks, Recreation and Neighborhoods Department SUBJECT: Lease Agreement and Purchase Order with Williams Scotsman, Inc. for Modular Building at Dryden Golf Course
CONTACT: Laurie A. Smith, Director, [email protected], 209-577-5347 DESCRIPTION:
Consider approving an Amendment to Lease Agreement for the Modular Building at Dryden Golf Course and approving the increase of a Purchase Order with Williams Scotsman, Inc., Fresno, California, for a revised total amount not to exceed $95,000. (Funding Source: Golf Fund)
STRATEGIC PLAN ELEMENT:
This item supports the City of Modesto 2020-2025 Strategic Plan focus on Quality of Life, Goal D: provide safe, efficient, and reliable infrastructure through proactive community investment, maintenance and sustainability efforts.
BACKGROUND:
On August 4, 2020, the Dryden Golf Park Clubhouse was heavily damaged by a fire. The Modesto Fire Department responded to the fire, located at 920 Sunset Avenue, and extinguished the blaze before the building was a complete loss.
The City contacted Alliant, the City’s property insurance provider, to establish a claim and to identify the next steps. The insurance provider contacted Williams Scotsman, Inc. (WillScot) to lease a modular building for Golf Course operations while the building was being secured. The office modular allowed for Golf Course operations to continue with minimal impact to the Golfers.
DISCUSSION:
The City’s insurance provider reached out to staff to transition lease ownership for the modular building to the City. Alliant cited that their services were no longer needed but the modular had to remain until the Clubhouse was rebuilt. At the time, staff was unsure when the clubhouse would be rebuilt and estimated a 12-month minimum Agreement. #14..
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City Council, December 6, 2022
Lease Agreement and Purchase Order with Williams Scotsman, Inc. for Modular Building at Dryden Golf Course