Modesto City Council
October 13, 2026

Investments Fund (Carbon Cap and Trade tax dollars), which have been awarded to environmentally beneficial projects.

On February 26, 2019, by Resolution No. 2019-80, Council approved an Agreement with Mark Thomas and Company, Inc., for $523,899 with a 10% contingency of $52,389, for the preparation of construction documentation for the Virginia Corridor Phase 7 Project, continuing the corridor from Woodrow Avenue to the Hetch-Hetchy right of way at Semallon Drive.

On February 6, 2024, by Resolution 2024-045, Council approved a First Amendment with Mark Thomas and Company, Inc., for additional tasks related to construction documentation and bidding and construction support. The agreement was increased by $70,017, with the additional services remaining at $52,389, for a new total amount not to exceed $646,305.

The Virginia Corridor trail has become a well-loved addition to Modesto, receiving a very high rate of use year-round. The Parks, Recreation and Neighborhoods Department’s customer service staff regularly receive calls and questions regarding the trail, its future, and compliments on the value that it brings to their neighborhood.

DISCUSSION:

The Agreement amount with Mark Thomas and Company, Inc., is for $646,305. Since the start of design in 2019, there have been two additional service requests that were approved by the Department Director, as allowed in the Agreement, in an amount of $52,389. The additional service requests were for engineering services necessary to design the profile change to West Union Ave and a 16" diameter watermain at Standiford Avenue.

On August 14, 2026, at the City’s request, Mark Thomas and Company, Inc. submitted a budget augmentation for additional tasks in excess of the $646,305, authorized in the Agreement. The estimated additional tasks resulted in increased costs, totaling $39,650 for the following tasks:

1. Additional Construction Documentation to address plan revisions

2. Additional cost for Bidding and Construction Support beyond what was anticipated in the Agreement.

The additional Construction Documentation was necessary to assist the City with value engineering of the project prior to bidding. The additional Bidding and Construction support is necessary because the original budget set aside for this task is not sufficient #10..
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City Council, October 13, 2026
Second Amendment to the Agreement with Mark Thomas and Company, Inc. for the Design of Virginia Corridor Phase 7 Project

to ensure the design team can continue to support the project throughout the completion of the construction.

Staff are recommending increasing the additional services by $10,968, for an additional services total of $63,357, to allow the Department Director to approve any future additional services that are necessary. This will increase the total maximum compensation under this agreement to $696,923.

Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $100,000 for material, equipment, or contractual services to be formally bid.

However, exceptions to the formal bidding process are granted in MMC 8-3.204(f), “Where the Purchasing Manager, in his or her discretion, determines that it is appropriate to amend the services or goods provided under an existing agreement to include additional similar goods or services, of limited quantity or scope, in order to increase efficiency and avoid delays or disruptions to City projects or services.” FISCAL IMPACT:

Funding for the Second Amendment is budgeted in CIP Project 100813 - Virginia Corridor Phase 7. No additional funding is needed to fund Amendment #2 to the design agreement.

ANTICIPATED AGREEMENT EXPENDITURES
Design Agreement – Mark Thomas and Company, Inc. $ 523,899 First Amendment to Agreement $ 70,017
Proposed Second Amendment to Agreement $ 39,650
Revised 10% Additional Services $ 63,357
TOTAL $ 696,923
COMMITTEE RECOMMENDATION:

This item was reviewed by the Safety and Communities Committee on September 21, 2026, and was recommended to forward to Council for approval.

CEQA/NEPA REQUIREMENTS:

A Programmatic Categorical Exclusion (PCE) was approved by Caltrans on July 23, 2005, which covered the entire Virginia Corridor Rails-to-Trails project along the former Union Pacific Railroad right-of-way, for 4.2-miles from Needham/9th Street to Bangs Avenue.

The project description and elements that were assessed for the entire project have not changed, and a re-validation of the PCE was approved by Caltrans on September 21, 2009.

RECOMMENDED COUNCIL ACTION:

Staff Recommendations:

Resolution approving a Second Amendment to the Agreement with Mark Thomas and Company, Inc., for additional tasks related to Construction Documentation and Bidding & Construction Support for the Virginia Corridor Phase 7 Project, increasing the Agreement #10..
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City Council, October 13, 2026
Second Amendment to the Agreement with Mark Thomas and Company, Inc. for the Design of Virginia Corridor Phase 7 Project

amount by $39,650, for a new total amount of $633,566, plus $63,357, in additional services, if needed, for a total amount not to exceed $696,923, and authorizing the City Manager, or his designee, to execute the Amendment.

Approved by:

Toby Wells, Director of Engineering
Services/City Engineer
Joseph P. Lopez, City Manager
Attachments:

1. Resolution

2. Second Amendment to the Agreement with Mark Thomas and Company, Inc. with Exhibits

3. First Amendment to Agreement with Mark Thomas and Company, Inc.

4. Original Agreement with Mark Thomas and Company, In
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10/13/26/ESD/NHoux/Item XX 1 2026-XX

MODESTO CITY COUNCIL
RESOLUTION NO. 2026-XX

RESOLUTION APPROVING A SECOND AMENDMENT TO THE AGREEMENT WITH MARK THOMAS AND COMPANY, INC., FOR ADDITIONAL TASKS

RELATED TO CONSTRUCTION DOCUMENTATION AND BIDDING &
CONSTRUCTION SUPPORT FOR THE VIRGINIA CORRIDOR PHASE 7
PROJECT, INCREASING THE AGREEMENT AMOUNT BY $39,650, FOR A NEW TOTAL AMOUNT OF $633,566, PLUS $63,357, IN ADDITIONAL SERVICES, IF NEEDED, FOR A TOTAL AMOUNT NOT TO EXCEED $696,923,

AND AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO EXECUTE

THE AMENDMENT
WHEREAS, on February 26, 2019, by Resolution No. 2019-80, Council approved an Agreement with Mark Thomas and Company, Inc., for $523,899 with a 10% contingency of $52,389, for the preparation of construction documentation for the Virginia Corridor Phase 7 Project, continuing the corridor from Woodrow Avenue to the Hetch-Hetchy right of way at Semallon Drive; and WHEREAS, on February 6, 2024, by Resolution 2024-045, Council approved a First Amendment with Mark Thomas and Company, Inc., for additional tasks related to construction documentation and bidding and construction support; the agreement was increased by $70,017, with the additional services remaining at $52,389, for a new total amount not to exceed $646,305; and
WHEREAS, since the start of design in 2019, there have been two additional service requests that were approved by the Department Director, as allowed in the Agreement, in an amount of $52,389, for engineering services necessary to design the profile change to West Union Ave and a 16" diameter watermain at Standiford Avenue; and
WHEREAS, on August 14, 2026, at the City’s request, Mark Thomas and #10..
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10/13/26/ESD/NHoux/Item XX 2 2026-XX
Company, Inc. submitted a budget augmentation for additional tasks in excess of the $646,305, authorized in the Agreement; and
WHEREAS, the estimated additional tasks resulted in increased costs, totaling $39,650 for the following tasks:

1. Additional Construction Documentation to address plan revisions

2. Additional cost for Bidding and Construction Support beyond what was anticipated in the Agreement; and
WHEREAS, the additional Construction Documentation was necessary to assist the City with value engineering of the project prior to bidding and the additional Bidding and Construction support is necessary because the original budget set aside for this task is not sufficient to ensure the design team can continue to support the project throughout the completion of the construction; and WHEREAS, staff are recommending increasing the additional services by $10,968, for an additional services total of $63,357, to allow the Department Director to approve any future additional services that are necessary, increasing the total maximum compensation under this agreement to $696,923; and WHEREAS, Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $100,000 for material, equipment, or contractual services to be formally bid. However, exceptions to the formal bidding process are granted in MMC 8-3.204(f), “Where the Purchasing Manager, in his or her discretion, determines that it is appropriate to amend the services or goods provided under an existing agreement to include additional similar goods or services, of limited quantity or scope, in order to increase efficiency and avoid #10..
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10/13/26/ESD/NHoux/Item XX 3 2026-XX
delays or disruptions to City projects or services.”
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Modesto that it hereby approves a Second Amendment to the Agreement with Mark Thomas and Company, Inc., for additional tasks related to Construction Documentation and Bidding & Construction Support for the Virginia Corridor Phase 7 Project, increasing the Agreement amount by $39,650, for a new total amount of $633,566, plus $63,357, in additional services, if needed, for a total amount not to exceed $696,923.

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.
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10/13/26/ESD/NHoux/Item XX 4 2026-XX
The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 13th day of October 2026, 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 votes:

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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SECOND AMENDMENT TO THE AGREEMENT
FOR CONSULTANT SERVICES WITH MARK THOMAS & COMPANY, INC.

This SECOND AMENDMENT for Consultant Services is made with reference to the contractual agreement between the CITY OF MODESTO, a municipal corporation of the State of California (hereinafter the “CITY”) and MARK THOMAS & COMPANY, INC., a California corporation (hereinafter “CONSULTANT”) as of the ________ day of ___________, 2026 (Effective Date).

This SECOND AMENDMENT to AGREEMENT for Consultant Services is made with regard to the following recitals:

The ORIGINAL AGREEMENT between the CITY and CONSULTANT was approved on February 26, 2019.

The ORIGINAL AGREEMENT between CITY and CONSULTANT was approved via Council Resolution No. 2019-80.

The FIRST AMENDMENT between the CITY and CONSULTANT was approved on February 6, 2024.

On February 6, 2024, the FIRST AMENDMENT to the ORIGINAL AGREEMENT was approved via Council Resolution No. 2024-045, hereinafter the ORIGINAL AGREEMENT and FIRST AMENDMENT are collectively referred to as the AGREEMENT.

Paragraph No. 9 "AMENDMENTS" of the AGREEMENT acknowledges the parties understand it may become desirable or necessary for CITY or CONSULTANT to modify the scope of services provided for under the AGREEMENT and any such modification must be in writing signed by both parties.

Paragraph No. 3 "COMPENSATION" of the AGREEMENT for Consultant Services specifies the sum of FIVE HUNDRED NINTY THREE THOUSAND NINE HUNDRED SIXTEEN AND 00/100 ($593,916) as the total compensation CONSULTANT agrees to accept for performing all services and furnishing all staffing and materials for the project as well as performance by CONSULTANT of all of its duties and obligations required in the AGREEMENT.

On or about June 8, 2026, CONSULTANT submitted to the CITY a budget augmentation for additional tasks.

The aforementioned estimated additional tasks increase the amount of the AGREEMENT by THIRTY NINE THOUSAND SIX HUNDRED FIFTY AND 00/100 ($39,650). The amounts listed above are the estimated level of effort for each task. In no case shall the total fee exceed the total contract amount under the AGREEMENT, including Additional Services as authorized, and this SECOND AMENDMENT to AGREEMENT without memorializing an additional written amendment to the original contract signed by both parties. #10..
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The parties to the AGREEMENT and to this SECOND AMENDMENT now understand and agree that it is necessary to modify Paragraph no. 1 entitled “SCOPE OF SERVICES” of the AGREEMENT.

The parties to the AGREEMENT and to this SECOND AMENDMENT now understand and agree that it is necessary to modify Paragraph no. 3 entitled “COMPENSATION” of the AGREEMENT.

The parties to the AGREEMENT and to this SECOND AMENDMENT further understand and agree the AGREEMENT is modified solely by the modifications contained in this SECOND AMENDMENT and in no other way whatsoever.

NOW, THEREFORE, in consideration of this SECOND AMENDMENT, and the mutual promises, covenants, and stipulations contained in the AGREEMENT for CONSULTANT SERVICES and this SECOND AMENDMENT, the parties agree as follows:

1. The parties agree that each of the recitals set out above is factually true and correct.

2. Paragraph no. 1 entitled "SCOPE OF SERVICES" of the AGREEMENT shall be deleted and the parties agree to and hereby do substitute the following in its place:

SCOPE OF SERVICES.

Consultant shall undertake and complete the preparation of the scope of work as set forth and described in the documents attached hereto and referred to as Exhibit A or “Project”.

In addition, the Consultant shall perform the services as described in Exhibit A-1 and A-2 in a manner compatible with the standards of its profession and shall produce a fully complete project that is acceptable to City.

3. Paragraph no. 3 entitled "COMPENSATION" of the AGREEMENT shall be deleted and the parties agree to and hereby do substitute the following in its place:

COMPENSATION.

Consultant agrees to accept a sum not to exceed SIX HUNDRED THIRTY THREE THOUSAND FIVE HUNDRED SIXTY SIX AND 00/100 DOLLARS ($633,566) (maximum compensation) as full remuneration for performing all services and furnishing all staffing and materials for CITY in accordance with Exhibits A, A-1, A-2, and Exhibit B-2 attached hereto for performance by CONSULTANT of all of its duties and obligations under this Agreement, except that additional services may be compensated as described below.

The compensation shall be paid pursuant to and in the manner and at the time set forth below:

CITY shall pay CONSULTANT on a time and materials basis for CONSULTANT’s actual costs for all work called for in Exhibit A, A-1, and A-2 to this AGREEMENT. All work to be performed under this AGREEMENT shall be billed at the hourly rates set forth in Exhibit B- #10..
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2 attached hereto. CONSULTANT shall submit monthly invoices to CITY which include detailed tasks, hours worked, and billable rates for all work completed, and detailed receipts for any reimbursable expenses paid by CONSULTANT and identified in Exhibit B-2 or approved by the CITY in writing. Expenses for travel reimbursement shall comply with the City's Administrative Directive (AD) 1.2, as amended periodically. The City's AD 1.2 can be accessible at the link provided - https://modestogov.com/227/Finance-Department under the Quick Link – City’s Administrative Directive 1.2.

Additional services may be authorized by the Department Director in an amount up to, but not to exceed 10% of the agreed maximum compensation, or SIXTY THREE THOUSAND THREE HUNDRED FIFTY SEVEN AND 00/100 DOLLARS ($63,357). In the event that additional services are deemed necessary, the Consultant shall provide a written request to the Department Director indicating the reason for additional work, scope and cost of such work. The Department Director shall provide a written response to the request, either approving or denying the additional expenditure. If additional services are requested and approved, they will be billed at the hourly rates set forth in Exhibit B-2 and may not exceed the amount requested and approved in writing by the Department Director. In that event, the new total compensation shall not exceed SIX HUNDRED NINETY SIX THOUSAND NINE HUNDRED TWENTY THREE AND 00/100 DOLLARS ($696,923). If additional services in excess of this amount are deemed necessary by City Staff, an amendment to this Agreement will be required and must be approved by the City Council prior to commencing the work, as provided in Paragraph 9 of this Agreement.

4. Except as herein amended or modified, the provisions of the AGREEMENT are expressly reaffirmed and remain in full force and effect to the extent they are not in conflict with this SECOND AMENDMENT.

IN WITNESS WHEREOF, the CITY OF MODESTO, a municipal corporation, has authorized the execution of this SECOND AMENDMENT to the AGREEMENT for CONSULTANT SERVICES by its City Manager and attestation by its City Clerk under the authority of Resolution No. 2026- ________ on the ________ day of ___________,2026, and MARK THOMAS & COMPANY, INC. has caused this SECOND AMENDMENT to be duly executed as of the Effective Date. #10..
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Exhibit A
Exhibit A (A-2) Virginia Corridor Ph VII-Extra Work
#4_2026-08-14
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August 14, 2026
Mr. Ken Peterson
Senior Landscape Architect
1010 Tenth St, Suite 4400
P.O. Box 642, Modesto, CA 95353
RE: Virginia Corridor Phase VII: Extra Work #4
Dear Mr. Peterson,
The Virginia Trail Phase VII project connects the Virginia Trail to the Hetch-Hetchy Trail within the Hetch-Hetchy utility corridor, owned by the San Francisco Public Utility Commission (SFPUC). This additional scope will include construction documentation revisions, expanded construction support services and ongoing general project coordination with the City and other applicable agencies. Mark Thomas is pleased to submit our proposal to perform the following engineering services:

Task #2 – Construction Documentation – Complete construction documentation plan revisions per permitting plan check comments provided by the City’s Building Department.

Task #3 – Bidding and Construction Support – At the request of the City, Mark Thomas will provide additional construction support services, including preparing memos, letters, e-mails, and phone calls necessary to manage the project. Furthermore, conduct detailed review of all material submittals for conformance with the design intent and preparation of responses to Requests for Information (RFIs).
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August 14, 2026
Proposed Compensation
The following summarizes the costs associated with the scope of work described above. The following tasks will be billed on time and materials and not to exceed the amount below.

Task #2 – Construction Documentation $ 6,850
Task #3 – Bidding and Construction Support $ 32,800
Total $ 39,650
Please provide authorization to proceed with these items. If you have any questions or would like to discuss the level of the effort, please contact me at 530-848-1222. Thank you for the opportunity to continue to work with you.

Sincerely,

MARK THOMAS
Ed Noriega, PE
Division Manager
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Exhibit B
Exhibit B (B-2) Updated Hourly Rate - MT VC7
Project
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Engineering Services
Parks Planning and
Development Division
P.O. Box 642
Modesto, California 95354
209.577.5344
EXHIBIT ‘B-2’

AMENDED HOURLY RATES

CONSTRUCTION DOCUMENTATION
FOR PHASE 7 OF THE VIRGINIA CORRIDOR TRAIL
Expires June 30, 2027
The following hourly rates will be used for billable hours within this Agreement and for additional work requested and approved. In addition, monthly progress payment invoices shall include the minimum attachments: Detailed description or itemization of work completed for the time period, task billing summary, hourly rates from all consultants.

Mark Thomas & Company, Inc.

Landscape Engineer / Architect
Principal $485 – $550
Division Manager $285 – $430
Sr. Engineering Manager $365 – $495
Senior Design Manager $350 – $390
Civil Engineering Designer $155 – $245
Engineering Manger $350 – $420
Senior Project Manager $240 – $375
Project Manager $180 – $310
Senior Assistant Project Manager $125 – $210
Senior Project Engineer $195 – $280
Project Engineer $155 – $225
Senior Technical Lead $265 – $335
Technical Lead $230 – $280
Design Engineer II $135 – $215
Design Engineer I $120 – $175
CADD Manager $235 – $295
LAUD Division Manager $251 – $423
LAUD Project Manager $183 – $270
Senior Landscape Architect $195 – $255
Landscape Architect $155 – $200
Landscape Designer II $120 – $165
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Landscape Designer I $105 – $140
Intern $60 – $105
Senior Technician $155 – $210
Senior Project Assistant $85 – $185
Senior Project Accountant $125 – $225
Senior Project Coordinator $98 – $179
Senior Graphic Manager $195 – $260
Graphic/Sr. Graphic Designer $125 – $230
JLB
Traffic Engineering
Project Manager $222.17
Engineering I/II $ 96.12 - $101.62
Crawford & Associates
Geotechnical Engineering
Principal $67.95
Senior Project Manager $57.12
Project Manager $49.00
Senior Engineer $47.14
Senior Geologist $43.08
Project Engineer II $40.92
Project Engineer I $36.24
Staff Engineering/Drafting $30.69
Project Assistant $25.31
ESP
Surveying
Survey Manager $65
Project Manager $45
2-Man Survey Crew $78.41
Administration $29
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CITY OF MODESTO

COUNCIL AGENDA REPORT
DATE OF MEETING:

October 13, 2026
Date: September 22, 2026
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: Toby Wells, Director of Engineering Services/City Engineer SUBJECT: On-Call Vegetation Management Services Contract Award CONTACT: Nathan Houx, Parks Planning and Development Manager, [email protected], 209-571-5526
DESCRIPTION:

Consider approving the Agreement for On-Call Vegetation Management Services to Grover Landscape Services, Inc, of Modesto, CA, for a total amount not to exceed $1,406,465, over five (5) years. (Funding Source: Various Funds) STRATEGIC PLAN ELEMENT:

This item is consistent with the following 2025-2026 Strategic Plan Area of Focus:

Quality of Life.

BACKGROUND:

In recent years, the demand for vegetation management services within the City’s park system has exceeded the City Forestry Division’s available time and resources. Staff’s difficulty in providing these services raises safety concerns over falling trees, vegetation fires, and difficulty in meeting Federal Aviation Administration (FAA) trimming requirements in regional parkland adjacent to the Modesto City-County Airport.

To mitigate this, on September 28, 2021, by Resolution 2021-379, the City approved a five (5) year agreement with West Coast Arborist, Inc. for on-call vegetation management. With this agreement, the City has been able to better manage vegetation throughout the park system, increase efficiency in response to weather related damage, reduce the risks of vegetation fires and increase public safety throughout the City. This agreement will end in October 2026, and the need for vegetation management continues.
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City Council, October 13, 2026
On-Call Vegetation Management Services Contract Award

DISCUSSION:

On June 9, 2026, the City Manager authorized the Purchasing Manager to solicit the procurement for On-Call Vegetation Management Services. On June 16, 2026, the Purchasing Division issued Invitation for Bids IFB-00088 for the On-Call Vegetation Management Services on City’s OpenGov public bidding website under various commodity codes1. Prospective bidders were notified online, and 56 companies downloaded the IFB document from OpenGov, of which five (5) were local vendors.

On July 14, 2026, bids were formally opened by the City Clerk and broadcast via Microsoft Teams Livestream. Eight (8) companies responded and two (2) were local vendors. As noted in the cost abstract, Sabio Innovation Group, LLC, is shown as having the lowest bid; however, their bid was incomplete which rendered their bid nonresponsive. Based on providing the lowest responsive and responsible bid, City staff recommended awarding the On-Call Vegetation Management Services to Grover Landscape Services, Inc., of Modesto, CA, for a two (2) year agreement with three (3) one-year extension options for an estimated annual cost not to exceed $281,293, and $1,406,465 over five (5) years.

Modesto Municipal Code Section 8.3.203 generally requires all purchases, which meet or exceed $100,000 for material, equipment, or contractual services to be formally bid.

An Award of Bid and Agreement for On-Call Vegetation Management Services to Grover Landscape Services, Inc., of Modesto, CA., conforms to the Modesto Municipal Code because the City complied with the formal bid procedures and Grover Landscape Services, Inc., was the lowest responsive and responsible bidder.

FISCAL IMPACT:

Expenditures over the past five (5) years of on-call vegetation management services under the current agreement is listed below:

Agreement Year Total
Year 1 $ 72,425
Year 2 $ 536,904
Year 3 $ 1,073,878
Year 4 $ 120,725
Year 5 (YTD) $ 160,081
GRAND TOTAL $ 1,964,013
For Years two (2) and three (3) of the current agreement, usage increased due to additional Measure H funding. At that time, this was the City’s only active tree-trimming agreement, so it was amended to accommodate the higher funding levels. In Years one (1), four (4), and five (5), the bulk of the agreement has been used by the Tuolumne 1 98802 – Arborist Services, 98887 – Tree Trimming and Pruning Services, Utilities Line (Energized), 98888 – Tree Trimming and Pruning Services
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City Council, October 13, 2026
On-Call Vegetation Management Services Contract Award

River Regional Park (TRRP) Operating Fund for airport tree trimming and vegetation management in TRRP.

The table below shows the projected expenditure for this proposed agreement. For years three (3) through five (5), the agreement will increase by Consumer Price Index (CPI) percentage rate of 5.9% per year, bringing the five-year total not to exceed $1,406,465.

FUND Year 1 Year 2 Year 3 Year 4 Year 5
6700 – TRRP Operating Fund
(Cost Center: 80300)
$150,000 $150,000 $150,000 $150,000 $150,000
0100 – General Fund
(Cost Centers: 31005, 34110,
34120, 34130, 34200, 35220)
$50,000 $57,375 $65,185 $73,456 $82,215
4600 – Golf Fund
(Cost Centers: 34170, 34181,
34182)
$50,000 $57,375 $65,185 $73,456 $82,215

ESTIMATED ANNUAL
AMOUNT
$250,000 $264,750 $280,370 $296,912 $314,430
FIVE (5) YEAR TOTAL NOT

TO EXCEED
$1,406,462
COMMITTEE RECOMMENDATION:

This item was reviewed by the Safety and Communities Committee on September 21, 2026, and was recommended to forward to Council for approval.

CEQA/NEPA REQUIREMENTS:

City staff prepared a Notice of Exemption No. EA/PRN 2026-07 for On-Call Vegetation Management Services. The project is exempt from CEQA because it is maintenance of existing landscape and native growth.

RECOMMENDED COUNCIL ACTION:

Staff Recommendations:

Resolution approving the Award of Bid and Agreement for On-Call Vegetation Management Services to Grover Landscape Services, Inc., for a two (2) year agreement with three (3) one-year extension options, for an estimated annual amount of $281,293, and a total amount not to exceed $1,406,465, over five (5) years and authorizing the City Manager, or his designee, to execute the Agreement.

Approved by:

Toby Wells, Director of Engineering
Services/City Engineer
Joseph P. Lopez, City Manager
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City Council, October 13, 2026
On-Call Vegetation Management Services Contract Award

Attachments:

1. Resolution

2. Agreement – Grover Landscape Services, Inc.

3. Exhibits to the Agreement

4. Cost Abstract for IFB-0008
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10/13/26/ESD/NHoux/Item XX 1 2026-XX

MODESTO CITY COUNCIL
RESOLUTION NO. 2026-XX

RESOLUTION APPROVING THE AWARD OF BID AND AGREEMENT FOR

ON-CALL VEGETATION MANAGEMENT SERVICES TO GROVER
LANDSCAPE SERVICES, INC., FOR A TWO (2) YEAR AGREEMENT WITH THREE (3) ONE-YEAR EXTENSION OPTIONS, FOR AN ESTIMATED ANNUAL AMOUNT OF $281,293, AND A TOTAL AMOUNT NOT TO EXCEED
$1,406,465, OVER FIVE (5) YEARS AND AUTHORIZING THE CITY MANAGER,

OR HIS DESIGNEE, TO EXECUTE THE AGREEMENT
WHEREAS, in recent years, the demand for vegetation management services within the City’s park system has exceeded the City Forestry Division’s available time and resources; and
WHEREAS, to mitigate this, on September 28, 2021, by Resolution 2021- 379, the City approved a five (5) year agreement with West Coast Arborist, Inc. for on-call vegetation management; and
WHEREAS, with this agreement, the City has been able to better manage vegetation throughout the park system, increase efficiency in response to weather related damage, reduce the risks of vegetation fires and increase public safety throughout the City; and
WHEREAS, this agreement will end in October 2026, and the need for vegetation management continues; and
WHEREAS, on June 9, 2026, the City Manager authorized the Purchasing Manager to solicit the procurement for On-Call Vegetation Management Services; and
WHEREAS, on June 16, 2026, the Purchasing Division issued Invitation for Bids IFB-00088 for the On-Call Vegetation Management Services on City’s OpenGov; and
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10/13/26/ESD/NHoux/Item XX 2 2026-XX
WHEREAS, on July 14, 2026, bids were formally opened by the City Clerk and broadcast via Microsoft Teams Livestream and eight (8) companies responded, of which two (2) were local vendors; and
WHEREAS, based on providing the lowest responsive and responsible bid, City staff recommended awarding the On-Call Vegetation Management Services to Grover Landscape Services, Inc., of Modesto, CA, for a two (2) year agreement with three (3) one-year extension options for an estimated annual cost not to exceed $281,293, and $1,406,465 over five (5) years; and WHEREAS, Modesto Municipal Code Section 8.3.203 generally requires all purchases, which meet or exceed $100,000 for material, equipment, or contractual services to be formally bid; and
WHEREAS, an Award of Bid and Agreement for On-Call Vegetation Management Services to Grover Landscape Services, Inc., of Modesto, CA., conforms to the Modesto Municipal Code because the City complied with the formal bid procedures and Grover Landscape Services, Inc., was the lowest responsive and responsible bidder.

NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Modesto that it hereby approves the award of bid and agreement for On-Call Vegetation Management Services to Grover Landscape Services, Inc., for a two (2) year agreement with three (3) one-year extension options, for an estimated annual amount of $281,293, and a total amount not to exceed $1,406,465, over five (5) years.

BE IT FURTHER RESOLVED that the City Manager, or his designee, is #11..
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10/13/26/ESD/NHoux/Item XX 3 2026-XX
hereby authorized to execute the contract, in a form approved by the City Attorney.

The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 13th day of October 2026, 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 votes:

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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1 ANNUAL AGREEMENT FOR
ON-CALL VEGETATION MANAGEMENT SERVICES – AGREEMENT #331152 This agreement, hereinafter called AGREEMENT, made and entered into in the City of Modesto, State of California, this _______ day of ________________, 2026, by and between the City of Modesto, a municipal corporation of the State of California, hereinafter called CITY, and Grover Landscape Services, Inc., a California corporation, hereinafter called CONTRACTOR.

W I T N E S E T H:

WHEREAS, the Modesto City Council adopted Resolution No. 2026- ______ authorizing the Award of Bid and agreement for the On-Call Vegetation Management Services to CONTRACTOR, attached hereto as Exhibit “A” and made a part hereof, and
WHEREAS, the CONTRACTOR provided a responsive and responsible submittal that best meets the CITY needs, attached hereto as Exhibit “B” and made a part hereof, and WHEREAS, the CITY and CONTRACTOR shall enter into an agreement for the On-Call Vegetation Management Services as described in IFB-00088, attached hereto as Exhibit “C” and made a part hereof (hereinafter called IFB).

NOW, THEREFORE, the parties hereto mutually agree as follows:

1. THE WORK:

A. CONTRACTOR shall furnish all labor, materials, equipment, fuel, tools, licenses, and insurance necessary to perform and complete the required work as specified in Exhibit “C”, 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 at the following AGREEMENT rates for an estimated annual amount of $281,293. The total amount paid by CITY to CONTRACTOR over the full term of the AGREEMENT shall not exceed $1,406,465. Unless the services provided are for a lump sum or flat fee, fees for work performed by CONTRACTOR on an hourly basis shall not exceed the amounts shown on Bid attached hereto as Exhibit "E".

F. The AGREEMENT pricing is attached hereto as Exhibit "E". Pricing during AGREEMENT Year one and two shall be as set forth in Exhibit "E", attached hereto and made a part hereof by this reference.

2. PREVAILING WAGES:

In accordance with California Labor Code Section 1771, CONTRACTOR shall pay all workers, and shall ensure its subcontractors pay all of their workers, engaged in performing the services described in Exhibit “C” not less than the general prevailing rate of per diem wages for work of a similar character in the locality in which the services described in Exhibit “C” are to be performed, and not less than the general prevailing rate of per diem wages for holiday and overtime work as provided in the California Labor Code. In accordance with California Labor Code Section 1773.2, the City has obtained the general prevailing wages in the locality in which the services described in Exhibit "C" are to be performed for each craft or type of work needed to be as published by the State of California Department of Industrial Relations, Division of Labor Statistics and Research, a copy of which is on file in the CITY’s Purchasing Department and shall be made available on request. Contractor must comply with all applicable laws and regulations that apply to wages earned in performance of the services described in Exhibit “C”, including those set forth in Labor Code section 1770 et. seq. and in the IFB.

DIR Project ID#:20260646863

3. CITY REPRESENTATIVE:

CITY Representative is Nathan Houx, [email protected] Purchasing Representative Mark Bolden, [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. CONTRACTOR CONTACT:

Mark Grover
(209) 545-4401
[email protected]
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3 5. TERM OF AGREEMENT:

The term of the AGREEMENT shall be for a period of two (2) years, with three (3) one-year extension options at the sole discretion of CITY, for a total of up to five (5) years.

Year 1: OCTOBER 5, 2026 through OCTOBER 4, 2027
Year 2: OCTOBER 5, 2027 through OCTOBER 4, 2028
Year 3: OCTOBER 5, 2028 through OCTOBER 4, 2029
Year 4: OCTOBER 5, 2029 through OCTOBER 4, 2030
Year 5: OCTOBER 5, 2030 through OCTOBER 4, 2031
Price increases for any subsequent AGREEMENT years following the second year shall not exceed the percentage change in the Consumer Price Index (CPI) for 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, ninety (90) days prior to the annual anniversary date of the AGREEMENT to be effective for the subsequent year.

Price adjustments for diesel fuel fluctuations may be considered. Thirty (30) day written notice is required for consideration. Any price adjustment shall be negotiated through the Purchasing Division and approved at the sole discretion of the CITY.

The index used to determine price adjustments on diesel fuel shall come from the Energy Information Administration Website: HTTPS://WWW.EIA.GOV/PETROLEUM/GASDIESEL/, California data.

6. INSURANCE REQUIREMENTS:

During the term of this AGREEMENT, CONTRACTOR shall maintain in full force and effect at its own cost and expense the insurance coverage as set forth in the attached Exhibit "D" to this AGREEMENT and shall otherwise comply with the other provisions of Exhibit "D" to this AGREEMENT. The city utilizes a software program “PINS Advantage” where vendor is responsible for uploading and maintaining updated insurance.

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 the following payment terms within thirty days after completion and acceptance of the Services by the CITY, and receipt of a properly prepared invoice, CITY will pay CONTRACTOR by Net 45 Days via manual check. 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
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4 Email to: [email protected]
At a minimum, invoices shall state the following:
• This AGREEMENT number 331152
• CITY department/division name and address
• Billing period
• Service hours worked day and week
• Unit price, extended price, sales tax and total

8. INDEMNITY:

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 or indirectly 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, except for claims arising from the willful or active negligence of the City. CONTRACTOR’s obligation to defend, indemnify, and hold the CITY, its agents, 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.

9. VENUE & GOVERNING LAW:

Venue for any dispute or claim arising 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. ATTORNEY'S 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 as immediately after the agreement administrator receives and has on file:

A. Proofs of insurance (approved by CITY Risk Manager); and #11..
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5 B. Resolution No.2026 - ____;
C. CONTRACTOR Bid submittal;
D. IFB-00088;
E. Contractor’s City of Modesto business license

12. TERMINATION OF SERVICES:

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 nonperformance 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 and/or 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 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; #11..
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6 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 CITY as of the termination date.

J. 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:

K. The cost of settling and paying valid claims arising out of the termination of the SERVICES such as subcontractor agreements or contracts for materials; L. 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:

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. Have such required work done by CITY forces or otherwise, and charge the cost thereof to the CONTRACTOR, or
C. Recommend termination of AGREEMENT between said CONTRACTOR and the City of Modesto.

Those discrepancies and deficiencies in the SERVICES that remain uncorrected after the date set for correction may be the necessary justification for a billing adjustment in the month following the occurrence. Unless otherwise negotiated, billing adjustments for this incomplete or uncorrected work shall be permanent retention of 100% of the estimated monthly cost for the SERVICES not corrected or completed.
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7 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 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:

Pursuant to Labor Code section 1771.1, CONTRACTOR may not engage in the performance of the Services set forth in Exhibit “C”, unless currently registered and qualified to perform public work pursuant to Section 1725.5 thereof. As required in Section 7029.1 of the Business and Professions Code or by Section 10164 or 20103.5 of the Public Contract Code, during term of this AGREEMENT, CONTRACTOR shall be registered to perform public work pursuant to Section 1725.5 thereof.

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: Grover Landscape Services, Inc.

Attention: Mark Grover
6224 Stoddard Road
Modesto, CA 95356
(209) 545-4401
[email protected]
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8 CITY: City of Modesto
Purchasing Division
Attention: Mark Bolden
P.O. Box 642
Modesto, CA 95353
(209) 577-5405
[email protected]
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 to, and has full authority to, execute the AGREEMENT.

21. QUANTITIES:

No minimum or maximum is guaranteed or implied.

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 #11..
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9 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.

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 required 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. CITY shall make available to CONTRACTOR only the facilities and equipment listed in EXHIBIT “B” and “C”, and only under the terms and conditions set forth herein.
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10 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 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.

Additional or new terms contained in this AGREEMENT which vary from CONTRACTOR’s bid are controlling and are deemed accepted by CONTRACTOR by performance of any SERVICES or other commencement of performance hereunder. The terms and conditions of the IFB, attached hereto as Exhibit "C", are incorporated herein. In the event of a conflict between the IFB and this AGREEMENT, this AGREEMENT shall control. All previous bids, offers and communications related 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 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. #11..
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11 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.

IN WITNESS WHEREOF, the CITY OF MODESTO, a municipal corporation, has authorized the execution of this Agreement by its City Manager and attested by its City Clerk under authority of Resolution No.2026 - ________, adopted by the Council of the City of Modesto on the 13th day of October, 2026 and Grover Landscape Services, Inc. has caused this Agreement to be duly executed. #11..
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Exhibits List
B - Exhibit B - Bid Response
C - Exhibit C - IFB-00088
D - Exhibit D - Insurance Requirements
E - Exhibit E - Pricing Schedule
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Exhibit B
Exhibit B - Bid Response
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City of Modesto, CA
Finance
DeAnna Christensen, Director of Finance
PO BOX 642, Modesto, CA 95353
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
RESPONSE DEADLINE: July 14, 2026 at 11:00 am
Report Generated: Tuesday, July 28, 2026
Grover Landscape Services, Inc Response

CONTACT INFORMATION
Company:

Grover Landscape Services, Inc
Email:
[email protected]
Contact:

Vince Tye
Address:
6224 Stoddard Road
Modesto, CA 95356
Phone:
(209) 545-4401
Website:
https://www.groverlandscapeservices.com/
Submission Date:

Jul 13, 2026 5:28 PM (Pacific Time)
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

ADDENDA CONFIRMATION
No addenda issued

QUESTIONNAIRE

1. Acknowledgements
IFB ACKNOWLEDGEMENT*
The Bidder submitting acknowledges receipt of the referenced IFB and/or Addenda and offers and agrees to provide the articles and/or services specified on behalf of the Bidder indicated in Bidder’s Bid Forms provided by the City, attached hereto and made a part hereof, this includes any forms for the pricing proposed on the Pricing Schedule.

By checking the "please confirm" box below, you acknowledge the above statement.

Confirmed
PREPARATION OF BIDS*
Bidder acknowledges that they have quoted price as specified in Bid. No alterations or changes of any kind shall be permitted to the Pricing Schedule as provided. Responses that do not comply shall be subject to rejection in total.

By checking the "please confirm" box below, you acknowledge the above statement.

Confirmed
TAXES AND FREIGHT CHARGES*
Bidder acknowledges that:

A. Unless otherwise required and specified in the IFB, the prices quoted herein do not include Sales, Use or other taxes. #11..
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

B. No charge for delivery, drayage, express, parcel post packing, cartage, insurance, license fees, permits, costs of bonds, or for any other purpose, except taxes legally payable by City, will be paid by the City unless expressly included and itemized in the Bid.

C. Amount paid for transportation of property to the City is exempt from Federal Transportation Tax. An exemption certificate is not required where the shipping paper shows the consignee as one (1) of the City; as such papers may be accepted by the carrier as proof of the exempt character of the shipment.

D. Articles sold to the City are exempt from certain Federal excise taxes. The City will furnish an exemption certificate.

By checking the "please confirm" box below, you acknowledge the above statement.

Confirmed
AWARD*
Bidder Acknowledges that:

A. Unless otherwise specified by the Bidder or the IFB gives notice of an all-or-none award, the City may accept any item or group of items of any Bid.

B. Bids are subject to acceptance by the City at any time within 45 days of opening, unless otherwise specified in the IFB. A Bidder shall not change its bid if accepted within such time.

C. A valid, agreement based on the sample agreement attached to the IFB and the submitted bid shall be provided, or otherwise furnished, to the successful Bidder within the time for acceptance specified, and such agreement shall be a binding agreement without further action by either party. The agreement shall be interpreted, construed and given effect in all respects according to the laws of the State of California.

By checking the "please confirm" box below, you acknowledge the above statement.

Confirmed
PATENT INDEMNITY*
Bidder Acknowledges:
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

Bidders who do business with the City shall hold the City, its officers, agents and employees, harmless from liability of any nature or kind, including cost and expenses, for infringement or use of any patent, copyright or other proprietary right, secret process, patented or un-patented invention, article or appliance furnished or used in connection with the contract or purchase order.

By checking the "please confirm" box below, you acknowledge the above statement.

Confirmed
SAMPLES*
Bidder Acknowledges:

Samples of items, when required, shall be furnished free of expense to the City and if not destroyed by test may upon request (made when the sample is furnished), be returned at the Bidder’s expense.

By checking the "please confirm" box below, you acknowledge the above statement.

Confirmed
RIGHTS AND REMEDIES OF CITY FOR DEFAULT*
Bidder Acknowledges:

A. In the event any item furnished by the Bidder in the performance of the contract or purchase order should fail to conform to the specifications therefore or to the sample submitted by the Bidder with its Bid, the City may reject the same, and it shall thereupon become the duty of the Bidder to reclaim and remove the same forthwith, without expense to the City, and immediately to replace all such rejected items with others conforming to such specifications or samples; provided that should the Bidder fail, neglect or refuse to do so, the City shall thereupon have the right to purchase in the open market, in lieu thereof, a corresponding quantity of any such items. City may deduct from any moneys due or that may there after come due to Bidder, or send an invoice to the Bidder which shall be paid within thirty (30) days, the difference between the prices named in the contract or purchase order and the actual cost thereof to the City. In the event that the Bidder fails to make prompt delivery as specified for any item, the same conditions as to the rights of the City to purchase in the open market and to reimbursement set forth above shall apply, except when delivery is delayed by fire, strike, freight embargo, or Act of God or the government.
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

B. Cost of inspection or deliveries or offers for delivery, which do not meet specifications, will be borne by the Bidder.

C. The rights and remedies of the City provided above shall not be exclusive and are in addition to any other rights and remedies provided by law or under the contract.

By checking the "please confirm" box below, you acknowledge the above statement.

Confirmed
PAYMENT TERMS AND METHODS*
BIDDER IS ABLE TO CHOOSE FROM EITHER OF THE FOLLOWING PAYMENT METHODS AND ASSOCIATED TIMINGS:

Option A (Preferred): City of Modesto ePay Payment:

This secure payment methodology is preferred by an increasing number of the City’s suppliers. On Net 30 day timing, you will receive a single-use Master Card number with a detailed remittance for each payment. You will process the payment through your POS/Card terminal. The payment remittance will be sent from [email protected] via email and will contain the following information:
• 16-digit credit card number
• Expiration date
• Security code
• Total dollar amount of invoices to be paid
• Invoices reference numbers and corresponding amounts
ePay results in small percentage rebate of 1.0% to the City through the card issuer. That rebate amount will be considered by the City in its evaluation of Bidder’s pricing proposal hereunder. Information about enrolling in MasterCard ePay program can be obtained from the City’s contact listed on the Cover Page of this IFB.

Option B – Manual Check:

On Net 45 Day timing, the City will mail a hardcopy check to Bidder. The payment will be deemed to have been made when the check envelope is mailed via US Postal Service First Class Mail. The timing of the mailing will be at the end of the Net 45 Day #11..
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

period. Additional time should be estimated by the Bidder for the check to be in transit, and to await deposit and clearance by Bidder staff.

Option B - Manual Check
DID YOU CHOOSE THE PAYMENT TERM - OPTION A - EPAY?*
No
CALIFORNIA GOVERNMENT CODE SECTION 4552*
Bidder Acknowledges:

In submitting a Bid to the City, the Bidder offers and agrees that if the Bid is accepted, it will assign to the City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. Sec. 15) or under the Cartwright Act (Chapter 2, commencing with Section 16700, of Part 2 of Division 7 of the Business and Professions Code), arising from purchases of Services, materials, or services by the Bidder for sale to the purchasing body pursuant to the Bid. Such assignment shall be made and become effective at the time the purchasing body tender’s final payment to the Bidder.

By checking the "please confirm" box below, you acknowledge the above statement.

Confirmed
NO GUARANTEE OR WARRANTY*
Bidder Acknowledges that:

The City makes no guarantee or warranty as to the condition, completeness or safety of any material or equipment that may be traded under a contract or purchase order resulting from this Bid.

By checking the "please confirm" box below, you acknowledge the above statement.

Confirmed
MINOR IRREGULARITIES*
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

Bidder Acknowledges that:

The City reserves the right, in its sole discretion, to waive any informalities or minor irregularities in a Bid.

By checking the "please confirm" box below, you acknowledge the above statement.

Confirmed

2. Bidder Company Information
BIDDER COMPANY FULL LEGAL NAME*
Please provide the full legal name of the Bidder Company on this bid submittal. It may already be provided elsewhere, but please provide here to confirm.

Grover Landscape Services Inc.

BIDDER COMPANY MARKETPLACE (OR DBA) NAME*
Please provide the Company Marketplace Name or DBA (if applicable). It may already be provided elsewhere, but please provide here to confirm.

NOTE: If the company is not operating under an additional name or a dba, then you may state "N/A" here.

N/A
TYPE OF LEGAL ENTITY*
Is the Bidder Company a Corporation, Limited Liability Company, Partnership, or Sole Proprietorship? If the Bidder Company is something other than one of the above options, please answer "No" here and you will be asked to provide more information after this question.

Yes
TYPE OF LEGAL ENTITY - SELECT*
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

Please select which of the following legal entity options under which the Bidder Company operates.

Corporation
LEGAL ENTITY STATE OF REGISTRATION*
In which State is the Bidder Company registered?
California
BIDDER COMPANY HEADQUARTERS ADDRESS*
Please provide the full street address for the headquarters of the Bidder Company. Be sure to include the following:
• Full Street Address
• City
• State
• Country
• Postal Code
6224 Stoddard Rd. Modesto CA 95356
BIDDER COMPANY WEBSITE ADDRESS*
Please provide the full company website address for the Bidder Company. https://www.groverlandscapeservices.com/
CONTACT PERSON DETAILS*
Please provide the following information for the Contact person for this bid:
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

• Name
• Title
• Phone (Office)
• Phone (Mobile)
• Mailing Address (Street Address, City, State, Postal Code) • Fax Number
• Email
Matt Long
Tree Service Manager
209-545-4401
209-988-1358
6224 Stoddard Rd. Modesto CA 95356
209-545-3315
[email protected]
FEDERAL TAXPAYER IDENTIFICATION NUMBER (TIN)*
Please provide the Bidder Company's Federal Taxpayer Identification Number here. 80-0507137

DUNS & BRADSTREET (DUNS) NUMBER
Please provide the Bidder Company's Duns & Bradstreet (DUNS) Number here. 054590468
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

BIDDER OFFICER NAMES AND TITLES*
Please provide the Names and Titles of the Top Three Bidder Officers in the following manner:
• Full Name, Full Title
• Full Name, Full Title
• Full Name, Full Title
Mark Grover, President
Andrew Grover, Secretary
Matt Long, Tree Service Manager
YEARS IN BUSINESS*
For how long has the Bidder Company been in business? Please indicate in number of years. 56 CLOSEST BIDDER OFFICE*
Please provide the address for the Bidder Office closest to the City of Modesto. Please be sure to provide:
• Full Street Address
• City
• State
• Country
• Postal Code
6224 Stoddard Rd. Modesto CA 95356
CITY OF MODESTO BUSINESS LICENSE*
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

Does the Bidder Company currently possess a valid City of Modesto Business License? NOTE: An answer of "No", does not exclude the bid from potential award as it is not required until the contract begins.

Yes
CITY OF MODESTO BUSINESS LICENSE NUMBER*
You have indicated that the Bidder Company already possesses a City of Modesto Business License, please provide the business license number here.
1282776
STATE OF CALIFORNIA CONTRACTOR LICENSE NUMBER*
Please provide your State of California Contractor License Number (if available). 333345
Click to Verify Value will be copied to clipboard
CONTRACTOR LICENSE EXPIRATION DATE*
Please enter the current expiration date of your State of California Contractor's License (if available). 2/29/2028
DIR REGISTRATION NUMBER*
Please provide your State of California Department of Industrial Relations (DIR) Registration Number (if available). 1000000539
Click to Verify Value will be copied to clipboard
DIR REGISTRATION EXPIRATION DATE*
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

6/30/2028

3. City Forms
BIDDER EXCEPTIONS, CLARIFICATIONS, AMENDMENTS*
Does the Bidder have any exceptions, clarifications, or amendments to this IFB, sample agreement, or its associated specifications? No
BIDDER CUSTOMER REFERENCES*
Please download the below documents, complete, and upload. • Bidder_Customer_References.pdf
Bidder_Customer_References-1.pdf
FINANCIAL INTEREST DISCLOSURE*
Please download the below documents, complete, and upload. • Financial_Interest_Disclosu...

Financial_Interest_Disclosure_Form_RFP-GLS-1.pdf
LOCAL VENDOR?*
Is the Bidder a local vendor as defined by the following requirement? To qualify as a local Bidder, the Bidder must have a physical business location within the City of Modesto and a current City of Modesto business license.

No
BIDDER COMPANY HISTORY STATEMENT*
Please download the below documents, complete, and upload. #11..
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

• Bidder_Company_History_Stat...

Proposer_Company_History_Statement-GLS.pdf
BIDDER WARRANTY STATEMENTS*
Please download the below documents, complete, and upload. • Bidder_Warranty_Statements.pdf
Proposer_Warranty_Statementsflattened-1.pdf
BIDDER EXPERIENCE AND CERTIFICATIONS*
Please download the below documents, complete, and upload. • Bidder_Experience_and_Certi...

GLS_EXPERIENCE_AND_CERT.pdf
SUBCONTRACTORS?*
Will the Bidder be using subcontractors for any purpose to perform services noted in this IFB? No
CALIFORNIA LEVINE ACT DISCLOSURE*
Please download the below documents, complete, and upload. • Modesto_Levine_Act_Statemen...

Modesto_Levine_Act_Statement_Form-flattened-1.pdf
PREVAILING WAGE LABOR CRAFT AND LABOR RATE*
Please download the below documents, complete, and upload. • Prevailing_Wage_Form.doc
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

prevailing_wage_labor_craft_and_rate.pdf
NC-102-X-21.pdf

4. Additional Bid Information

ADDITIONAL INFORMATION (IF NEEDED)
For any additional information requested or required by any of your previously provided answers or as stated within this IFB please upload the additional documentation here.
2026.000_COM_On-Call_Proposal.pdf
SUBMITTAL CONFIRMATION*
Bidder hereby certifies that all information provided within this submittal is accurate to the best of their knowledge and acknowledges that they have provided proof of their authority to submit a proposal on behalf of the stated Company Name committing them to the information contained within said submittal.

By checking the "please confirm" box below, you certify the above statement.

Confirmed

PRICE TABLES
Line Item Description Estimated
Quantity
Unit of
Measure
Unit Cost Total
1 Hourly Rate Tree Trimming Person, Climber 300 HOUR $105.00 $31,500.00 2 Hourly Rate Tree Trimming, Ground Person 300 HOUR $100.00 $30,000.00 3 Hourly Rate General 600 HOUR $85.00 $51,000.00
4 Hourly Rate Herbicide/Pesticide Application 10 HOUR $160.00 $1,600.00 #11..
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[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT IFB No. IFB-00088
On-Call Vegetation Management Services
[GROVER LANDSCAPE SERVICES, INC] RESPONSE DOCUMENT REPORT Invitation For Bid - On-Call Vegetation Management Services

Line Item Description Estimated
Quantity
Unit of
Measure
Unit Cost Total
5 Hourly Rate Equipment Operator 100 HOUR $85.00 $8,500.00 6 Hourly Rate Wood Chipping 80 HOUR $125.00 $10,000.00
7 Hourly Rate Off-Haul Disposal 200 HOUR $100.00 $20,000.00 8 Hourly Rate Brush Grinding (height < 72”) 16 HOUR $200.00 $3,200.00 9 Hourly Rate Brush Grinding (height > 72”) 16 HOUR $250.00 $4,000.00 10 Chain Link Fencing Temporary Tree Protection Installed 200 LF $8.00 $1,600.00 11 Snow Fencing with T-Stakes Temporary Tree Protection Installed 200 LF $7.00 $1,400.00 12 Field Mowing (>1 acres per occurrence) 5 ACRE $225.00 $1,125.00 13 Field Discing (>1 acres per occurrence) 5 ACRE $225.00 $1,125.00 14 Green Waste 30-Yard Bin, w/Off-Haul Disposal 6 EA $375.00 $2,250.00 15 Arborist Evaluation (1) Single Tree 3 EA $450.00 $1,350.00 16 Arborist Evaluation (5-9) Total Trees 5 EA $400.00 $2,000.00 17 Arborist Evaluation (10-19) Total Trees 10 EA $300.00 $3,000.00 18 Arborist Evaluation (20+) Total Trees 20 EA $200.00 $4,000.00 19 Emergency Response Service - Fixed Rate 3 EA $550.00 $1,650.00 TOTAL $179,300.00
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BIDDER CUSTOMER REFERENCES
Bidder must provide a list of five current or former customers able to discuss prior experience with similar type of services requested by the City in the above-referenced IFB. Bidder’s references shall have similar volume and requirements to the City of Modesto’s as described in the above-referenced IFB. Bidders failing to provide references may be deemed as non-responsive.

The City may contact some or all of the references provided in order to determine the Bidder’s performance record on services similar to that described in the above-referenced IFB. The City reserves the right to contact references other than those provided in Bidder’s submission and to use the information gained from them in the award process.

Company Name:

Address:

City, State, Zip Code:

Contact Person:

Email Address:

Telephone Number:

Type of Business or
Governmental Agency:

Date Range of Service:

Annual Contract Value $
Company Name:

Address:

City, State, Zip Code:

Contact Person:

Email Address:

Telephone Number:

Type of Business or
Governmental Agency:

Date Range of
Services:

Annual Contract Value $
~
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Company Name:

Address:

City, State, Zip Code
Contact Person:

Email Address:

Telephone Number:

Type of Business or
Governmental Agency:

Date Range of
Services:

Annual Contract Value$
Company Name:

Address:

City, State, Zip Code
Contact Person:

Email Address:

Telephone Number:

Type of Business or
Governmental Agency:

Date Range of
Services:

Annual Contract Value$
Company Name:

Address:

City, State, Zip Code
Contact Person:

Email Address:

Telephone Number:

Type of Business or
Governmental Agency:

Date Range of
Services:

Annual Contract Value$~~~
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FINANCIAL INTEREST DISCLOSURE FORM
Any contract award to result from this RFP process and Proposer’s submission of a Proposal therewith will require approval by a majority vote of the City of Modesto’s City Council. In order to have full transparency in any City of Modesto commercial actions, the City Council may not approve an agreement between the City and the Proposer until all persons with a direct or indirect financial interest of greater than $2,000 in the Proposer are identified by name.

Proposer must therefore complete this Financial Interest Disclosure Form, listing by name all parties that have a material financial interest in the agreement, contract or development right.

PLEASE NOTE, any Council action that requires a Financial Interest Disclosure cannot be considered by the City Council until the required reporting is made. That means that City Council agenda items without the disclosure will be removed from the Council agenda.

Financial Interest Disclosure to City of Modesto
Proposer shall identify any person with a financial interest in the Proposer by name, below.

For the purposes of this disclosure, a “Financial Interest” shall have the meaning contained in Modesto Municipal Code section 2-10.02.

Persons having an aggregate economic interest in the Proposer less than two thousand dollars ($2,000.00) at all times prior to final Council action of the proposed contract are not required to be listed on the Financial Interest Disclosure.

Notwithstanding the foregoing, a Financial Interest Disclosure is not required for a Proposer meeting the financial criteria for listing on the New York or the Pacific Stock exchanges unless it is reasonably foreseeable that a City Council decision will increase or decrease that entity's gross revenues or expenses by one million dollars ($1,000,000) or more and the requirements of Modesto Municipal Code Section 2-

10.03(h) are satisfied.

It is the legal obligation of all applicants for approval of an agreement or of an application for development rights to verify in writing, under penalty of perjury, that the identity of each person having a material financial interest in the Proposer is true, correct and complete. By signing below, the applicant understands that this information is provided under penalty of perjury, and that intentionally supplying misinformation or deception may result in either invalidation of the agreement or application, or criminal prosecution for misdemeanor violation of the Modesto Municipal Code, or both. Negligent provision of misinformation shall be grounds for invalidation. In accordance with the Modesto Municipal Code, each applicant has a continuing obligation to maintain the truth, accuracy and completeness of the financial interest disclosure information provided below until after final consideration by the City Council of any matter arising out of or relating to the agreement or application.
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1 PROPOSER EXPERIENCE AND CERTIFICATIONS
Proposer shall provide below a summary covering the following:

A. Experience: The Contractor and its employees directly involved in providing inspections, services and repairs shall have a minimum of three years’ experience providing the types of services requested in this RFP:
i. Identify key personnel and their position within your organization. ii. Provide a biographical summary or resume detailing the experience, level of expertise and qualifications of the key individuals providing the types of services requested herein. iii. If you plan to subcontract work, you must also indicate in Proposal Form L – Subcontractor List the name and address of each firm and the type of work or tasks the subcontractor will perform. Identify key personnel assigned to the project, their position, qualifications and representative experience.

B. Certifications: Proposer shall provide copies of all relevant certifications held for both company and any individuals required to perform the services requested herein. Certifications shall include (???????). #11..
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TEAM OVERVIEW
Employee Retention and Cross-Training
Retention is one of the operational mechanisms behind GLS service quality. Average tenure across the named personnel is over 25 years. Average tenure across the tree service foremen is 10+ years. Every tree and vegetation crew member is cross-trained across climbing or ground support, chainsaw and chipper operation, brush grinding, and safety protocol; vegetation management foremen are further trained on QAL-supervised chemical application. This allows us to uphold the standard of quality and service GLS is known for in the community.

Cumulative leadership tenure across the GLS owners and managers exceeds three hundred years in landscape tree care contracting. Most of the named managers have either worked in or collaborated directly with the other GLS divisions across their careers, producing a cross-functional management team that resolves a complex field issues to the benefit of the customer.

GLS tree crew removes large pine tree near residence.

Crew Conduct & Appearance
Every GLS crew member assigned to the City arrives at the jobsite in a marked GLS vehicle — never in a private vehicle, except where extenuating circumstances require an off-cycle arrival or departure. Every crew member wears a company-issued uniform shirt during work hours, and the overall appearance and conduct #11..
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of the crew is intended to leave no question among City staff and the public about who is on the property and why. Conduct on City property is held to a standard of respect, courtesy, and professionalism toward City staff, members of the public, and the property itself. Where conduct falls short of that standard, GLS takes immediate corrective action.

MANAGEMENT OVERVIEW & KEY PERSONNEL
A flat command structure, deep tenure at every supervisory level, and one named person accountable for every City property. The decision making authority identified will remain with the individuals currently engaged with the city.

Flat Organization, Direct Line to Ownership
GLS operates with a flat organizational structure designed to keep decision-making close to the field. Dayto-day operational decisions are handled in real time by the Tree Service Manager, who works directly with the Foreman, Field Supervisor, and client representatives to resolve issues quickly and efficiently There are no layers of regional managers or corporate intermediaries separating the field from leadership.

When higher-level input or authorization is required, division managers and account teams have direct access to ownership. Significant field issues can be escalated and resolved immediately because the decisionmaker is just one phone call away from the staff on site.

This structure eliminates unnecessary delays, accelerates communication, and gives clients confidence that issues affecting quality, safety, schedule, or budget will be addressed promptly and decisively.

Working-Foreman Model
GLS does not staff non-working foremen. Every foreman dispatched to City of Modesto is a working member of the crew — the person operating power tools and specialized equipment alongside the team, not standing apart from it. The result is faster, more accurate decisions in the field; consistent application of the GLS quality standard at the property level; and an authority chain in which the supervisor coaching the crew has actually performed the work being coached.
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Organizational Chart — City of Modesto Contract
President & Founder
Mark Grover — Executive Authority, Tree Service
│
LEAD · Tree Operations & Arborist Evaluations
Matt Long — ISA Certified Arborist, TRAQ
LEAD · Vegetation Management
Scot Boone — QAL #105390 ABCDF
│
Tree Fleet Readiness
Robert Grover
Tree Crew Scheduling /
Dispatch
Patrice DeVaughn
Field Logistics & Contract
Admin
Lucy Ibarra
Tree-Work Safety
Lisa DaSilva
│
Climbers & Aerial Crew Ground Crew Licensed Spray
Technicians Equipment Operators
Key Personnel Assigned to This Contract
Mark Grover · President
Mr. Grover founded Grover Landscape Services, Inc. in 1970 in Modesto, California. Since that time, he has successfully led the company and remains active in daily management. Functionally, Mr. Grover serves as the company’s general manager, with each of the division managers reporting directly to him. He retains final authority on all operating and capital expenditures across the company. On the City of Modesto contract, his role is executive oversight of the Tree Service Division and final authority on any contract-level decision.
• 55+ years of experience as a landscape contractor.
• Graduate of Modesto Junior College, Ornamental Horticulture Program. • Landscape designer with a planning emphasis.
• Member, California Association of Nurserymen; International Society of Arboriculture; National Arborist Association; American Landscape Contractors Association.

Matt Long · Tree Division Manager
Mr. Long oversees the Tree Service Division for Grover Landscape Services and brings more than thirty years of arboricultural experience to this contract. As the division manager, he is responsible for directing #11..
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Grover Landscape Services, Inc. | RFP-00081 | 7
field operations, supervising crew performance, and ensuring that all pruning, removals, and tree-health decisions meet industry standards and client expectations.

With deep expertise in tree health, species management, and long-term canopy development, Mr. Long serves as Grover’s in-house consulting arborist. He provides diagnostic support for tree-health concerns, guides pruning standards in alignment with ISA and ANSI A300 practices, and advises on structural issues, risk mitigation, and appropriate long-term maintenance strategies.

Mr. Long is also responsible for resource coordination for municipal projects. He assists with crew scheduling, deployment of specialized equipment, and planning for complex or high-risk removals. His long background managing GLS’s wholesale nursery gives him a strong understanding of species selection, roothealth considerations, and long-term tree performance in urban environments. • ISA Certified Arborist WE-8315A
• ISA Tree Risk Assessment Qualification (TRAQ).
• 34 years of experience at Grover Landscape Services, Inc. • 15 years of prior service as Manager of the GLS Wholesale Nursery.

Scot Boone · Pest/Vegetation Management Supervisor
Mr. Boone oversees the chemical and mechanical vegetation work that supports tree operations under this contract — herbicide and pesticide application and the field mowing and discing that reduce fire-fuel loading. He is responsible for the bidding, scheduling, and management of these applications across the contract.

He directs equipment calibration, application discipline, drift and storm-drain protection, and DPRcompliant recordkeeping for every treatment performed on a City tree site, keeping the vegetation-control work both effective and defensible.
• Qualified Applicator License #105390 — ABCDF.
• 19 years of experience at Grover Landscape Services, Inc.

Patrice DeVaughn · CSR/Scheduling
Ms. DeVaughn is the CSR and Scheduler for the Tree Service Division and has been with Grover Landscape Services for over 20 years. She manages daily scheduling, tracks work orders, and coordinates communication between City staff and field crews. Her experience, organization, and reliability ensure that service requests are handled promptly and that work is completed efficiently and accurately.

Lucy Ibarra · CSR/GIS Assistant
Ms. Ibarra serves as a CSR for the Tree Service Division and provides support with GIS data entry and documentation. She assists with updating tree inventory records, coordinating USA 811 notifications, and supporting traffic-control needs for scheduled work. Her attention to detail and training with municipal reporting requirements help ensure accurate data, proper safety coordination, and smooth communication between office staff, field crews, and City representatives. #11..
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Isaiah Rumble · Operations Manager
Mr. Rumble serves as the Operations Manager of Grover Landscape Services and provides executive oversight for daily operations across all service divisions. With more than twenty years of experience at GLS, he brings deep field knowledge, strong operational discipline, and proven project management capability to municipal contracts.

He leads the Landscape Construction Division, directing project planning, resource allocation, quality control, and contract execution. His background managing complex construction and infrastructure projects directly supports the tree-service division, particularly when coordinating heavy equipment, multiple crews, or technical field support.

Within tree-service contracts, Mr. Rumble plays an essential role in coordinating personnel and equipment, supporting supervisors with scheduling and resource planning, ensuring the safe and efficient deployment of specialized machinery, and maintaining operational readiness across the fleet and shop. His leadership helps ensure GLS meets all safety standards, performance expectations, and contract requirements while delivering consistent, high-quality service.
• 21 years of experience at GLS across all phases of landscape installation. • Certified Landscape Irrigation Auditor, CLIA #100558. • Certified Hunter IMMS Central Control; Certified Rain Bird IQ Central Control; Certified Decoder Technician.
• Certified in Sprinkler & Retrofitting.

Andrew Grover · Vice President
Mr. Grover serves as Vice President of Grover Landscape Services and provides leadership across multiple operational divisions, including tree services, technology integration, and strategic planning. He plays a direct role in supporting field operations, overseeing quality control, and ensuring municipal contract compliance.

A key component of Mr. Grover’s contribution to this contract is his leadership over all GIS and softwaredriven data management for the company. He oversees the implementation, configuration, and optimization of Grover’s digital tools—ensuring accurate reporting and inventory tracking.

Mr. Grover holds a Bachelor of Science in Strategy and Entrepreneurship from California State University, Stanislaus, and brings a blend of technical expertise, operational oversight, and business acumen to every project.
• TreePlotter GIS Expert
• Arborgold Tree Software Expert
• 11 years of experience at Grover Landscape Services, Inc. #11..
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Robert Grover · Equipment Division Manager
Mr. Grover manages the Equipment Division for the City of Modesto contract, overseeing the maintenance, repair, and operational readiness of the company’s fleet, equipment, and specialized tools used in daily operations. He coordinates preventative maintenance schedules, equipment deployment, repair prioritization, and field support to ensure crews have reliable equipment available to perform work safely and efficiently across all City sites.

With five decades of industry experience, Mr. Grover provides extensive operational knowledge and plays a key role in minimizing downtime, improving equipment utilization, and supporting responsive service delivery for the City’s maintenance operations.
• Qualified Applicator License #140204 — ABCF.
• 51 years of experience at Grover Landscape Services, Inc.

Lisa DaSilva · HR & Safety Manager
Ms. DaSilva manages the Human Resources and Safety functions company-wide and oversees the accounting and administrative staff. GLS maintains a strong administrative presence behind the field organization, and Ms. DaSilva runs that function. On the City of Modesto contract specifically, she administers the Injury and Illness Prevention Program, oversees Cal/OSHA recordkeeping, manages the certified-payroll function for any prevailing-wage work, and is the company’s named contact for any safety or HR concern that arises on a City property.
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LOCAL PRESENCE & 24-HOUR RESPONSE
The City’s On-Call scope turns on availability: work is requested as needed, and Line Item 19 requires the Contractor to begin Emergency Response Service within 24 hours of the City’s written request. GLS is built to meet that standard from across town, not from a regional hub.

Proximity to City Properties
GLS operates from a Modesto headquarters minutes from the City’s service areas. Drive time to any City property is typically under twenty minutes. When the City calls about a downed limb, a hazardous tree, or storm damage, we are dispatching company-owned equipment and our own trained personnel — not coordinating a subcontractor hand-off.

Company-Owned Equipment & Personnel
Because GLS self-performs the full scope, emergency response does not depend on the availability of an outside crew or rental unit. Aerial lifts, chippers, grinders, and haul trucks are staged at the Stoddard Road yard overnight and can be dispatched directly to a City hazard. Our published emergency line — 209-545- 4401.
24-Hour Emergency Response Flow
Emergency Response Service (Line Item 19) follows a defined path from the City’s written request to a hazard rendered safe:
1 City issues
emergency
request (209-
545-4401)
▸
2 On-call manager
dispatches crew
within 24 hours
▸
3 Crew renders
hazard safe
(aerial, saw,
chipper, grinder)
▸
4 Photos and
status sent to
City the same
day
▸
5 Follow-up
completed; billed
at fixed
emergency rate
plus unit prices
Emergency Escalation Ladder
After-hours emergency line: 209-545-4401
If not reached within 10 minutes, contact in order:

1. Matt Long, Tree Division Manager

2. Scot Boone, Vegetation Division Manager
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SAFETY PROGRAM
Lisa DaSilva, HR & Safety Manager, runs the safety function company-wide. Tree work is among the highest-hazard work in the industry — aerial operations, chainsaws, chippers, grinders, and proximity to energized lines and traffic — and the program below is current, documented, and identical across every GLS contract.

Training and Certification
● Injury & Illness Prevention Program (IIPP). Current, documented, and available for City review on request; reviewed and updated annually by Lisa DaSilva and the division managers. ● ANSI Z133 arboricultural operations. Tree-care crews are trained to the ANSI Z133 safety standard for arboricultural operations, including work near energized conductors, aerial rescue, and chainsaw and chipper safe-operation practices.
● Monthly tailgate safety meetings. Required attendance for every crew member, delivered bilingually in English and Spanish, documented with topic, attendees, and date — records retained. ● Electrical hazard awareness. Climbers and aerial operators are trained on minimum approach distances and line-clearance awareness for work near overhead utilities. ● New-employee orientation. Every new hire completes IIPP review, PPE issuance and fit, defensive driving, and a task-specific safety briefing before being assigned to a crew. ● Equipment-specific training before field use. No crew member operates a piece of equipment in the field until trained on it by a supervisor or division manager.

Compliance & Coverage
● Experience Modification Rate (EMR). Current EMR [0.86] — under 1.0 reflects a safety record materially better than industry baseline; verifiable through our workers’ compensation carrier. ● Workers’ compensation coverage maintained continuously, no lapses; current certificate available, City added as certificate holder upon award.
● Safety incentive program tied to crew-level safety metrics, giving every foreman and crew member a direct, ongoing stake in the safety record we operate by.
● Drug-free workplace policy. Pre-employment testing for every new hire; post-incident testing on any reportable event; reasonable-suspicion testing under written supervisor protocol. ● DOT compliance for all commercial vehicle operators — medical cards current, hours-of-service logged, vehicle inspection records retained, drug & alcohol testing pool maintained.

Report. Any incident — injury, near-miss, vehicle event, or property damage — is reported to Lisa DaSilva’s office within four hours. The City contract manager is notified the same day for any incident on City property.

Document. The supervisor on scene completes a written incident report — narrative, witnesses, photos, and condition of equipment and PPE — submitted to HR/Safety the same day.

Investigate. Lisa DaSilva and the relevant division manager conduct root-cause review within 48 hours; findings are written up and the actionable conclusions circulated at the next tailgate meeting across every crew, not only the one involved.

Correct. Corrective action — equipment repair or replacement, retraining, procedure update, PPE change — is implemented before the crew resumes the affected task and verified in writing. #11..
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Grover Landscape Services, Inc. | RFP-00081 | 12

OPERATING STANDARDS
The standards below give the general framework for the scope. Where a specific line item carries more detailed requirements in the specification, those requirements apply.

Tree-Work Standards
All pruning and tree work conforms to current ISA Best Management Practices and ANSI A300 standards. Riskrelated findings and arborist evaluations are prepared under ISA TRAQ methodology by Matt Long. Rigging, felling, and aerial operations follow ANSI Z133 practice, and vertical-clearance and hazard judgments are made by the working foreman and, where warranted, escalated to the Tree Division Manager.

Licensed Supervision & Staffing Depth
All chemical applications are performed by or under the direct supervision of California DPR-licensed personnel.

GLS carries operational depth in this function: two Qualified Applicator Licenses on staff — Robert Grover (#140204 ABCF) and Scot Boone (#105390 ABCDF) — plus additional Qualified Applicator Certificates. Crew members receive ongoing training in pesticide handling, spill response, and personal protective equipment.

Calibration & Application Discipline
Before any wide-area deployment, the supervising Qualified Applicator calibrates the equipment — verifying flow rate, nozzle pressure, and spray pattern. Operators are trained on calibration, nozzle output, travel speed, and targetarea discipline. Spray logs capture product, rate, time, applicator, and conditions for every dispatch.

Drift, Over-Spray & Storm-Drain Protection
● Wind and atmospheric conditions are assessed at the work zone before each application; applications do not proceed when conditions would carry product onto non-target areas. ● Aquatic-approved formulations are used for any application within a storm-basin or drainage footprint. ● No drain-side rinsing — herbicide tanks and equipment are not rinsed in or near drains, channels, or receiving waters.
● No on-site chemical storage — herbicides and containers are transported to and from the Stoddard Road yard daily, secured per label and regulation.

Notification, Posting & Recordkeeping
● Chemical list and SDS submitted to the City representative prior to first application; aquatic-approved formulations identified where used near drainage.
● Pre-application notification provided in writing to the City in the form and frequency established with City staff; unusual pest, disease, or exposure incidents reported immediately. ● DPR-compliant application records — date/time, method and equipment, formulation and rate, applicator, and weather — maintained on file, retained a minimum of three (3) years, and produced on City request.

Underground Service Alert (USA / 811)
Before any ground-disturbing work — stump grindings or excavation incidental to removals — GLS notifies USA North 811 a minimum of two working days in advance so that underground utilities are located and marked. Crews confirm markings on site before equipment breaks ground, protecting City and third-party infrastructure and keeping responsibility for damage where the indemnity provisions place it. #11..
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Traffic Control & Public Protection
Tree and vegetation work adjacent to active travel lanes and sidewalks is conducted per California MUTCD. Where a work area is not fully barricaded, a ground worker coordinates safe pedestrian and vehicular passage while operations are underway.

Equipment, Emissions & Air-District Compliance
All vehicles and off-road equipment used under this contract comply with applicable CARB, EPA, and regional airdistrict regulations, including the CARB In-Use Off-Road Diesel-Fueled Fleets Regulation and Small Off-Road Engine standards where applicable. CARB compliance documentation is furnished on City request. #11..
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Appendix 1: Trade Licenses
GROVER LANDSCAPE SERVICES, INC. Page 4
ISA Certified Arborist License
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PREVAILING WAGE LABOR CRAFT AND LAROR RATE
The payment of Prevailing Wages is required for this project.

Labor Craft Direct Labor Rate*
Fringe Benefit
Rate**
Labor
Markup
(percent)
Price Per
Service
Senior Tree Trimmer $ 27.00/HR $ 11.72/HR 80 % $ 70.00 /HR Tree Trimmer $ 25.30/HR $ 11.72/HR 80 % $ 66.00 /HR
Groundsperson $ 23.15/HR $ 11.72/HR 80 % $ 63.00 /HR
*Direct Labor Rate cannot be less than the minimum state prevailing wage. **Provide a copy of the current Fringe Benefit Statement. During the term of the agreement, ensure the City has a copy of the current, applicable statement on file.
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GENERAL PREVAILING WAGE DETERMINATION MADE BY THE DIRECTOR OF INDUSTRIAL RELATIONS PURSUANT TO CALIFORNIA LABOR CODE PART 7, CHAPTER 1, ARTICLE 2, SECTIONS 1770, 1773 AND 1773.1

FOR COMMERCIAL BUILDING, HIGHWAY, HEAVY CONSTRUCTION AND DREDGING PROJECTS Craft: Tree Maintenance (Laborer) 1
(Applies Only to Routine Tree Maintenance Work, Not Construction and/or Landscape Construction) 2 Determination:

NC-102-X-21-2025-1
Issue Date:

August 22, 2025
Expiration date of determination:

June 30, 2026** The rate to be paid for work performed after this date has been determined. If work will extend past this date, the new rate must be paid and should be incorporated in contracts entered into now. Contact the Office of the Director - Research Unit for specific rates at (415) 703-4774.

Localities:

All Localities within Alameda, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Kings, Lake, Lassen, Madera, Marin, Mariposa, Mendocino, Merced, Modoc, Monterey, Napa, Nevada, Placer, Plumas, Sacramento, San Benito, San Francisco, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Shasta, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Yolo, and Yuba Counties.

Wages and Employer Payments:

Classification(s)a
(Journeyperson)
Basic
Hourly
Rate
Health
and
Welfare
Pension Vacation
and
Holiday
Training Other Hours Total
Hourly
Rate
Daily
Overtime
Hourly
Rate
(1 ½ X)b
Sunday/
Holiday
Overtime
Hourly
Rate
(2 X)
Senior Tree Trimmer (Area 1)c $31.50 $6.00 $3.46 $2.21 $0.00 $0.05 8.0 $43.22 $58.97 $74.72 Tree Trimmer (Area 1)c $28.30 $6.00 $3.46 $2.21 $0.00 $0.05 8.0 $40.02 $54.17 $68.32 Groundsperson (Area 1)c $25.15 $6.00 $3.46 $2.21 $0.00 $0.05 8.0 $36.87 $49.445 $62.02 Senior Tree Trimmer (Area 2)c $27.00 $6.00 $3.46 $2.21 $0.00 $0.05 8.0 $38.72 $52.22 $65.72 Tree Trimmer (Area 2)c $25.30 $6.00 $3.46 $2.21 $0.00 $0.05 8.0 $37.02 $49.67 $62.32 Groundsperson (Area 2)c $23.15 $6.00 $3.46 $2.21 $0.00 $0.05 8.0 $34.87 $46.445 $58.02 Recognized holidays:

Holidays upon which the general prevailing hourly wage rate for Holiday work shall be paid, shall be all holidays in the collective bargaining agreement, applicable to the particular craft, classification, or type of worker employed on the project, which is on file with the Director of Industrial Relations. If the prevailing rate is not based on a collectively bargained rate, the holidays upon which the prevailing rate shall be paid #11..
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Determination: NC-102-X-21-2025-1

shall be as provided in Section 6700 of the Government Code. You may obtain the holiday provisions for the current determinations on the Director's General Prevailing Wage Determinations Website (http://www.dir.ca.gov/OPRL/DPreWageDetermination.htm). Holiday provisions for current or superseded determinations may be obtained by contacting the Office of the Director – Research Unit at (415) 703-4774.

Travel and/or subsistence payment:

In accordance with Labor Code Sections 1773.1 and 1773.9, contractors shall make travel and/or subsistence payments to each worker to execute the work. You may obtain the travel and/or subsistence provisions for the current determinations on the Director's General Prevailing Wage Determinations Website (http://www.dir.ca.gov/OPRL/DPreWageDetermination.htm). Travel and/or subsistence requirements for current or superseded determinations may be obtained by contacting the Office of the Director – Research Unit at (415) 703-4774. 1 This determination does not apply to the work of a landscape laborer employed on landscape construction (work incidental to construction or post-construction maintenance during the plant installation and establishment period) or to tree trimming work involving line clearance. 2 This determination does not apply to tree trimming, removal, or planting work performed on construction or landscape construction contracts. a There shall be at least one Senior Tree Trimmer on crews of three or more. b Monday thru Saturday shall constitute a workweek. Rate applies to first 4 overtime hours Monday thru Saturday, and all time worked in excess of forty (40) hours per workweek. All other time is paid at the Sunday and Holiday double-time rate. c Area 1: Marin, Monterey, Napa, San Benito, San Francisco, San Mateo, Santa Clara, Santa Cruz, Solano, and Sonoma Counties.

Area 2: Alameda, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Kings, Lake, Lassen, Madera, Mariposa, Mendocino, Merced, Modoc, Nevada, Placer, Plumas, Sacramento, San Joaquin, Shasta, Sierra, Siskiyou, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Yolo, and Yuba Counties. #11..
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A bid from a Modesto company, for the city it calls home.

Bid for the City of Modesto
On-Call Vegetation Management Services
IFB #00088

SUBMISSION
DATE
July 14, 2026

LICENSE
CSLB #333345
DIR #1000000539
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July 14, 2026
Dear Mr. Bolden,
Grover Landscape Services, Inc. (GLS) is pleased to submit this bid to provide On-Call Vegetation Management Services to the City of Modesto. GLS has been headquartered in Modesto since 1970 and has served the City of Modesto as a landscape and vegetation management contractor for more than two decades. Our tree service and vegetation management crews, equipment, and management are based minutes from every City work site, which allows us to meet the City's 24-hour emergency response requirement with company-owned equipment and our own trained personnel.

GLS self-performs all work described in this IFB. Our in-house capabilities cover every bid line item: ISA Certified Arborist supervision and written arborist evaluations, climbing and aerial tree work, ground operations, wood chipping and off-haul, brush grinding, licensed herbicide application under our Qualified Applicator License holders, field mowing and discing for fire-risk reduction, temporary tree protection fencing, and 24/7 emergency response.

We have reviewed and understand the IFB specifications, the sample Annual Agreement, the insurance requirements in Exhibit B, and the prevailing wage obligations under Labor Code Section 1771. GLS is registered with the California Department of Industrial Relations for public works, maintains certified payroll on all prevailing wage contracts, and holds a current City of Modesto business license.

We appreciate the City's consideration of our bid and look forward to continuing our work in our community.

Sincerely,
Mark S. Grover
President & Founder, Grover Landscape Services, Inc.
6224 Stoddard Road, Modesto, CA 95356 · 209-545-4401
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TABLE OF CONTENTS
Section Page
Company Information 1
Team Overview 4
Management Plan & Key Personnel 5
24-Hour Response Flow 10
Safety Program 11
Operating Standards 12
Exclusions & Exceptions 14
Cost of Services 14
Compliance & Submittal Certification 14
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Grover Landscape Services, Inc. | IFB-00088 | 1

COMPANY INFORMATION
55 Years in Modesto.
1970

FOUNDED IN MODESTO
Third-generation, family-owned
company headquartered on Stoddard
Road and continuously serving the
Modesto area for more than five
decades.
140+

TOTAL EMPLOYEES
More than 140 employees report to our
Modesto yard daily
80+

EMPLOYEES LIVE IN

MODESTO
Our crews take pride in maintaining the
landscapes and public spaces of their
own community.
7 INTEGRATED DIVISIONS
Specialized divisions collaborate under
one organization, allowing crews and
managers to share field knowledge,
best practices, and operational
standards. No subcontractors.
12 ACRE HEADQUARTERS
The yard reflects what the work
requires: fleet mix, mechanic shop,
parts inventory, chemical storage, chip
and log handling, and morning dispatch
all operate from one Modesto site.
20 MINUTES
Average response time from our
Stoddard Road yard to any City
property under this contract.

Who We Are
Grover Landscape Services, Inc. (GLS) was founded in 1970 by our President, Mark S. Grover, who continues to lead the company today. Since its founding, GLS has installed and maintained landscapes throughout Central California. Over time, the company expanded to seven in-house divisions and now employs more than 140 field, shop, administrative, and management personnel headquartered on Stoddard Road in Modesto.

Our customer base includes both public and private entities of varying size and complexity. As a locally based contractor, GLS supports long-term local employment, bolsters the regional tax base, utilizes local vendors and suppliers where available, and maintains a long-term presence within the community.

Through the submission of this bid, we look forward to continuing a strong working relationship with the City of Modesto. The following submittal is based on the IFB specifications and our experience performing tree service and vegetation management for municipal properties. #11..
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Grover Landscape Services, Inc. | IFB-00088 | 2
Seven Integrated Divisions
GLS operates as a single company with seven in-house divisions, not as a contractor that subcontracts specialty work. For the City of Modesto, this means single-source accountability: tree work and vegetation management are executed by GLS employees on GLS equipment. • Landscape Maintenance — commercial and municipal route maintenance. • Landscape Construction — new installs and site work.
• Landscape Renovation — turf recovery, replant, irrigation retrofit. • Residential & Commercial Tree Service — ISA-certified arborists, in-house crews. • Pest & Vegetation Management — licensed QAL/QAC applicators. • Wholesale Nursery — on-site stock for replacement plantings. • Equipment Leasing — internal fleet ownership and repair .

Operating Philosophy
Continuous operation since 1970 is the product of conservative financial management, deliberate growth into adjacent operational areas that build on existing strengths rather than chasing market share, and a longterm focus on workmanship and management integrity. Because GLS is privately owned, we are not pressured to underbid contracts simply to grow the book of business. The discipline above is what allows GLS to bid the City’s scope responsibly across the full contract terms.

Financial Position
GLS is a conservatively managed family business with a strong liquidity position. We hold a current ratio greater than two, placing us in a position to meet all financial obligations even in the event of contract nonpayment. Between one and two million dollars of operating cash flow is allocated each year to equipment expenditures.

Market Position & Service Area
GLS is strategically located in North Modesto, offering quick and efficient access to Highway 99, which facilitates prompt service to our managed properties. Our current service area extends from Elk Grove in the north to Visalia in the south, Tracy in the west, and Sonora in the east.

Modesto Headquarters
The Stoddard Road headquarters houses GLS corporate offices, dispatch operations, our in-house mechanic shop, chemical storage, and our equipment fleet — including aerial lifts, chippers, stump grinders, roll-off trucks, and tractors. Crews scheduled to the City of Modesto roll out from this yard each morning and return to it at day's end. Each morning every employee checks in with a supervisor before beginning assignments; GPS tracking on our vehicles verifies service locations as the day progresses and enables more efficient emergency dispatch.
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Grover Landscape Services, Inc. | IFB-00088 | 3
Proximity to City Properties
GLS operates from a Modesto headquarters minutes from the City's service areas. Drive time to any City property is typically under twenty minutes. When the City calls about a downed limb, a hazardous tree, or storm damage, we are not dispatching from a regional hub — we are dispatching from across town.

On-Site Resources
GLS maintains in-house parts inventory and on-staff mechanics for our full tree and vegetation fleet — aerial lifts, chippers, stump grinders, mowers, tractors, and trucks. Redundant equipment and same-day shop turnaround keep crews working without waiting for rental availability or vendor lead times, and on-site chemical storage supports licensed herbicide application under our QAL/QAC applicators. #11..
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TEAM OVERVIEW
Employee Retention and Cross-Training
Retention is one of the operational mechanisms behind GLS service quality. Average tenure across the named personnel is over 25 years. Average tenure across the tree service foremen is 10+ years. Every tree and vegetation crew member is cross-trained across climbing or ground support, chainsaw and chipper operation, brush grinding, and safety protocol; vegetation management foremen are further trained on QAL-supervised chemical application. This allows us to uphold the standard of quality and service GLS is known for in the community.

Cumulative leadership tenure across the GLS owners and managers exceeds three hundred years in landscape tree care contracting. Most of the named managers have either worked in or collaborated directly with the other GLS divisions across their careers, producing a cross-functional management team that resolves a complex field issues to the benefit of the customer.

GLS tree crew removes large pine tree near residence.

Crew Conduct & Appearance
Every GLS crew member assigned to the City arrives at the jobsite in a marked GLS vehicle — never in a private vehicle, except where extenuating circumstances require an off-cycle arrival or departure. Every crew member wears a company-issued uniform shirt during work hours, and the overall appearance and conduct #11..
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Grover Landscape Services, Inc. | IFB-00088 | 5
of the crew is intended to leave no question among City staff and the public about who is on the property and why. Conduct on City property is held to a standard of respect, courtesy, and professionalism toward City staff, members of the public, and the property itself. Where conduct falls short of that standard, GLS takes immediate corrective action.

MANAGEMENT OVERVIEW & KEY PERSONNEL
A flat command structure, deep tenure at every supervisory level, and one named person accountable for every City property. The decision making authority identified will remain with the individuals currently engaged with the city.

Flat Organization, Direct Line to Ownership
GLS operates with a flat organizational structure designed to keep decision-making close to the field. Dayto-day operational decisions are handled in real time by the Tree Service Manager, who works directly with the Foreman, Field Supervisor, and client representatives to resolve issues quickly and efficiently There are no layers of regional managers or corporate intermediaries separating the field from leadership.

When higher-level input or authorization is required, division managers and account teams have direct access to ownership. Significant field issues can be escalated and resolved immediately because the decisionmaker is just one phone call away from the staff on site.

This structure eliminates unnecessary delays, accelerates communication, and gives clients confidence that issues affecting quality, safety, schedule, or budget will be addressed promptly and decisively.

Working-Foreman Model
GLS does not staff non-working foremen. Every foreman dispatched to City of Modesto is a working member of the crew — the person operating power tools and specialized equipment alongside the team, not standing apart from it. The result is faster, more accurate decisions in the field; consistent application of the GLS quality standard at the property level; and an authority chain in which the supervisor coaching the crew has actually performed the work being coached.
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Grover Landscape Services, Inc. | IFB-00088 | 6
Organizational Chart — City of Modesto Contract
President & Founder
Mark Grover — Executive Authority, Tree Service
│
LEAD · Tree Operations & Arborist Evaluations
Matt Long — ISA Certified Arborist, TRAQ
LEAD · Vegetation Management
Scot Boone — QAL #105390 ABCDF
│
Tree Fleet Readiness
Robert Grover
Tree Crew Scheduling /
Dispatch
Patrice DeVaughn
Field Logistics & Contract
Admin
Lucy Ibarra
Tree-Work Safety
Lisa DaSilva
│
Climbers & Aerial Crew Ground Crew Licensed Spray
Technicians Equipment Operators
Key Personnel Assigned to This Contract
Mark Grover · President
Mr. Grover founded Grover Landscape Services, Inc. in 1970 in Modesto, California. Since that time, he has successfully led the company and remains active in daily management. Functionally, Mr. Grover serves as the company’s general manager, with each of the division managers reporting directly to him. He retains final authority on all operating and capital expenditures across the company. On the City of Modesto contract, his role is executive oversight of the Tree Service Division and final authority on any contract-level decision.
• 55+ years of experience as a landscape contractor.
• Graduate of Modesto Junior College, Ornamental Horticulture Program. • Landscape designer with a planning emphasis.
• Member, California Association of Nurserymen; International Society of Arboriculture; National Arborist Association; American Landscape Contractors Association.

Matt Long · Tree Division Manager
Mr. Long oversees the Tree Service Division for Grover Landscape Services and brings more than thirty years of arboricultural experience to this contract. As the division manager, he is responsible for directing #11..
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Grover Landscape Services, Inc. | IFB-00088 | 7
field operations, supervising crew performance, and ensuring that all pruning, removals, and tree-health decisions meet industry standards and client expectations.

With deep expertise in tree health, species management, and long-term canopy development, Mr. Long serves as Grover’s in-house consulting arborist. He provides diagnostic support for tree-health concerns, guides pruning standards in alignment with ISA and ANSI A300 practices, and advises on structural issues, risk mitigation, and appropriate long-term maintenance strategies.

Mr. Long is also responsible for resource coordination for municipal projects. He assists with crew scheduling, deployment of specialized equipment, and planning for complex or high-risk removals. His long background managing GLS’s wholesale nursery gives him a strong understanding of species selection, roothealth considerations, and long-term tree performance in urban environments. • ISA Certified Arborist WE-8315A
• ISA Tree Risk Assessment Qualification (TRAQ).
• 34 years of experience at Grover Landscape Services, Inc. • 15 years of prior service as Manager of the GLS Wholesale Nursery.

Scot Boone · Pest/Vegetation Management Supervisor
Mr. Boone oversees the chemical and mechanical vegetation work that supports tree operations under this contract — herbicide and pesticide application and the field mowing and discing that reduce fire-fuel loading. He is responsible for the bidding, scheduling, and management of these applications across the contract.

He directs equipment calibration, application discipline, drift and storm-drain protection, and DPRcompliant recordkeeping for every treatment performed on a City tree site, keeping the vegetation-control work both effective and defensible.
• Qualified Applicator License #105390 — ABCDF.
• 19 years of experience at Grover Landscape Services, Inc.

Patrice DeVaughn · CSR/Scheduling
Ms. DeVaughn is the CSR and Scheduler for the Tree Service Division and has been with Grover Landscape Services for over 20 years. She manages daily scheduling, tracks work orders, and coordinates communication between City staff and field crews. Her experience, organization, and reliability ensure that service requests are handled promptly and that work is completed efficiently and accurately.

Lucy Ibarra · CSR/GIS Assistant
Ms. Ibarra serves as a CSR for the Tree Service Division and provides support with GIS data entry and documentation. She assists with updating tree inventory records, coordinating USA 811 notifications, and supporting traffic-control needs for scheduled work. Her attention to detail and training with municipal reporting requirements help ensure accurate data, proper safety coordination, and smooth communication between office staff, field crews, and City representatives. #11..
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Isaiah Rumble · Operations Manager
Mr. Rumble serves as the Operations Manager of Grover Landscape Services and provides executive oversight for daily operations across all service divisions. With more than twenty years of experience at GLS, he brings deep field knowledge, strong operational discipline, and proven project management capability to municipal contracts.

He leads the Landscape Construction Division, directing project planning, resource allocation, quality control, and contract execution. His background managing complex construction and infrastructure projects directly supports the tree-service division, particularly when coordinating heavy equipment, multiple crews, or technical field support.

Within tree-service contracts, Mr. Rumble plays an essential role in coordinating personnel and equipment, supporting supervisors with scheduling and resource planning, ensuring the safe and efficient deployment of specialized machinery, and maintaining operational readiness across the fleet and shop. His leadership helps ensure GLS meets all safety standards, performance expectations, and contract requirements while delivering consistent, high-quality service.
• 21 years of experience at GLS across all phases of landscape installation. • Certified Landscape Irrigation Auditor, CLIA #100558. • Certified Hunter IMMS Central Control; Certified Rain Bird IQ Central Control; Certified Decoder Technician.
• Certified in Sprinkler & Retrofitting.

Andrew Grover · Vice President
Mr. Grover serves as Vice President of Grover Landscape Services and provides leadership across multiple operational divisions, including tree services, technology integration, and strategic planning. He plays a direct role in supporting field operations, overseeing quality control, and ensuring municipal contract compliance.

A key component of Mr. Grover’s contribution to this contract is his leadership over all GIS and softwaredriven data management for the company. He oversees the implementation, configuration, and optimization of Grover’s digital tools—ensuring accurate reporting and inventory tracking.

Mr. Grover holds a Bachelor of Science in Strategy and Entrepreneurship from California State University, Stanislaus, and brings a blend of technical expertise, operational oversight, and business acumen to every project.
• TreePlotter GIS Expert
• Arborgold Tree Software Expert
• 11 years of experience at Grover Landscape Services, Inc. #11..
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Robert Grover · Equipment Division Manager
Mr. Grover manages the Equipment Division for the City of Modesto contract, overseeing the maintenance, repair, and operational readiness of the company’s fleet, equipment, and specialized tools used in daily operations. He coordinates preventative maintenance schedules, equipment deployment, repair prioritization, and field support to ensure crews have reliable equipment available to perform work safely and efficiently across all City sites.

With five decades of industry experience, Mr. Grover provides extensive operational knowledge and plays a key role in minimizing downtime, improving equipment utilization, and supporting responsive service delivery for the City’s maintenance operations.
• Qualified Applicator License #140204 — ABCF.
• 51 years of experience at Grover Landscape Services, Inc.

Lisa DaSilva · HR & Safety Manager
Ms. DaSilva manages the Human Resources and Safety functions company-wide and oversees the accounting and administrative staff. GLS maintains a strong administrative presence behind the field organization, and Ms. DaSilva runs that function. On the City of Modesto contract specifically, she administers the Injury and Illness Prevention Program, oversees Cal/OSHA recordkeeping, manages the certified-payroll function for any prevailing-wage work, and is the company’s named contact for any safety or HR concern that arises on a City property.
• 21 years of experience at Grover Landscape Services, Inc. #11..
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Grover Landscape Services, Inc. | IFB-00088 | 10
LOCAL PRESENCE & 24-HOUR RESPONSE
The City’s On-Call scope turns on availability: work is requested as needed, and Line Item 19 requires the Contractor to begin Emergency Response Service within 24 hours of the City’s written request. GLS is built to meet that standard from across town, not from a regional hub.

Proximity to City Properties
GLS operates from a Modesto headquarters minutes from the City’s service areas. Drive time to any City property is typically under twenty minutes. When the City calls about a downed limb, a hazardous tree, or storm damage, we are dispatching company-owned equipment and our own trained personnel — not coordinating a subcontractor hand-off.

Company-Owned Equipment & Personnel
Because GLS self-performs the full scope, emergency response does not depend on the availability of an outside crew or rental unit. Aerial lifts, chippers, grinders, and haul trucks are staged at the Stoddard Road yard overnight and can be dispatched directly to a City hazard. Our published emergency line — 209-545- 4401.
24-Hour Emergency Response Flow
Emergency Response Service (Line Item 19) follows a defined path from the City’s written request to a hazard rendered safe:
1 City issues
emergency
request (209-
545-4401)
▸
2 On-call manager
dispatches crew
within 24 hours
▸
3 Crew renders
hazard safe
(aerial, saw,
chipper, grinder)
▸
4 Photos and
status sent to
City the same
day
▸
5 Follow-up
completed; billed
at fixed
emergency rate
plus unit prices
Emergency Escalation Ladder
After-hours emergency line: 209-545-4401
If not reached within 10 minutes, contact in order:

1. Matt Long, Tree Division Manager

2. Scot Boone, Vegetation Division Manager
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Grover Landscape Services, Inc. | IFB-00088 | 11

SAFETY PROGRAM
Lisa DaSilva, HR & Safety Manager, runs the safety function company-wide. Tree work is among the highest-hazard work in the industry — aerial operations, chainsaws, chippers, grinders, and proximity to energized lines and traffic — and the program below is current, documented, and identical across every GLS contract.

Training and Certification
● Injury & Illness Prevention Program (IIPP). Current, documented, and available for City review on request; reviewed and updated annually by Lisa DaSilva and the division managers. ● ANSI Z133 arboricultural operations. Tree-care crews are trained to the ANSI Z133 safety standard for arboricultural operations, including work near energized conductors, aerial rescue, and chainsaw and chipper safe-operation practices.
● Monthly tailgate safety meetings. Required attendance for every crew member, delivered bilingually in English and Spanish, documented with topic, attendees, and date — records retained. ● Electrical hazard awareness. Climbers and aerial operators are trained on minimum approach distances and line-clearance awareness for work near overhead utilities. ● New-employee orientation. Every new hire completes IIPP review, PPE issuance and fit, defensive driving, and a task-specific safety briefing before being assigned to a crew. ● Equipment-specific training before field use. No crew member operates a piece of equipment in the field until trained on it by a supervisor or division manager.

Compliance & Coverage
● Experience Modification Rate (EMR). Current EMR [0.86] — under 1.0 reflects a safety record materially better than industry baseline; verifiable through our workers’ compensation carrier. ● Workers’ compensation coverage maintained continuously, no lapses; current certificate available, City added as certificate holder upon award.
● Safety incentive program tied to crew-level safety metrics, giving every foreman and crew member a direct, ongoing stake in the safety record we operate by.
● Drug-free workplace policy. Pre-employment testing for every new hire; post-incident testing on any reportable event; reasonable-suspicion testing under written supervisor protocol. ● DOT compliance for all commercial vehicle operators — medical cards current, hours-of-service logged, vehicle inspection records retained, drug & alcohol testing pool maintained.

Report. Any incident — injury, near-miss, vehicle event, or property damage — is reported to Lisa DaSilva’s office within four hours. The City contract manager is notified the same day for any incident on City property.

Document. The supervisor on scene completes a written incident report — narrative, witnesses, photos, and condition of equipment and PPE — submitted to HR/Safety the same day.

Investigate. Lisa DaSilva and the relevant division manager conduct root-cause review within 48 hours; findings are written up and the actionable conclusions circulated at the next tailgate meeting across every crew, not only the one involved.

Correct. Corrective action — equipment repair or replacement, retraining, procedure update, PPE change — is implemented before the crew resumes the affected task and verified in writing. #11..
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Grover Landscape Services, Inc. | IFB-00088 | 12

OPERATING STANDARDS
The standards below give the general framework for the scope. Where a specific line item carries more detailed requirements in the specification, those requirements apply.

Tree-Work Standards
All pruning and tree work conforms to current ISA Best Management Practices and ANSI A300 standards. Riskrelated findings and arborist evaluations are prepared under ISA TRAQ methodology by Matt Long. Rigging, felling, and aerial operations follow ANSI Z133 practice, and vertical-clearance and hazard judgments are made by the working foreman and, where warranted, escalated to the Tree Division Manager.

Licensed Supervision & Staffing Depth
All chemical applications are performed by or under the direct supervision of California DPR-licensed personnel.

GLS carries operational depth in this function: two Qualified Applicator Licenses on staff — Robert Grover (#140204 ABCF) and Scot Boone (#105390 ABCDF) — plus additional Qualified Applicator Certificates. Crew members receive ongoing training in pesticide handling, spill response, and personal protective equipment.

Calibration & Application Discipline
Before any wide-area deployment, the supervising Qualified Applicator calibrates the equipment — verifying flow rate, nozzle pressure, and spray pattern. Operators are trained on calibration, nozzle output, travel speed, and targetarea discipline. Spray logs capture product, rate, time, applicator, and conditions for every dispatch.

Drift, Over-Spray & Storm-Drain Protection
● Wind and atmospheric conditions are assessed at the work zone before each application; applications do not proceed when conditions would carry product onto non-target areas. ● Aquatic-approved formulations are used for any application within a storm-basin or drainage footprint. ● No drain-side rinsing — herbicide tanks and equipment are not rinsed in or near drains, channels, or receiving waters.
● No on-site chemical storage — herbicides and containers are transported to and from the Stoddard Road yard daily, secured per label and regulation.

Notification, Posting & Recordkeeping
● Chemical list and SDS submitted to the City representative prior to first application; aquatic-approved formulations identified where used near drainage.
● Pre-application notification provided in writing to the City in the form and frequency established with City staff; unusual pest, disease, or exposure incidents reported immediately. ● DPR-compliant application records — date/time, method and equipment, formulation and rate, applicator, and weather — maintained on file, retained a minimum of three (3) years, and produced on City request.

Underground Service Alert (USA / 811)
Before any ground-disturbing work — stump grindings or excavation incidental to removals — GLS notifies USA North 811 a minimum of two working days in advance so that underground utilities are located and marked. Crews confirm markings on site before equipment breaks ground, protecting City and third-party infrastructure and keeping responsibility for damage where the indemnity provisions place it. #11..
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Grover Landscape Services, Inc. | IFB-00088 | 13
Traffic Control & Public Protection
Tree and vegetation work adjacent to active travel lanes and sidewalks is conducted per California MUTCD. Where a work area is not fully barricaded, a ground worker coordinates safe pedestrian and vehicular passage while operations are underway.

Equipment, Emissions & Air-District Compliance
All vehicles and off-road equipment used under this contract comply with applicable CARB, EPA, and regional airdistrict regulations, including the CARB In-Use Off-Road Diesel-Fueled Fleets Regulation and Small Off-Road Engine standards where applicable. CARB compliance documentation is furnished on City request. #11..
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Grover Landscape Services, Inc. | IFB-00088 | 14
Exclusions and Exceptions
Grover Landscape Services, Inc. takes no exceptions to the terms, conditions, or scope of work set forth in the IFB.

Cost of Services
Pricing is submitted per the City-Provided format specified in the IFB pricing schedule.

Compliance & Submittal Certification.

GLS acknowledges that prevailing wages are required for this IFB and will maintain certified payroll records for all covered work in accordance with DIR requirements.

The summary below attests to the licenses, insurance, and forms supporting this proposal. All items are current, on file, and available for the City’s verification on request.

LICENSES & REGISTRATIONS
✓ CSLB License #333345 — current, C-27
landscape contractor among others.
✓ DIR Public Works Registration — current,
prevailing-wage compliant.
✓ City of Modesto Business License —
current.
✓ QAL / Qualified Applicator Licenses —
multiple on staff (Robert Grover #140204 ABCF;
Scot Boone #105390 ABCDF; additional QACs
on staff).
✓ ISA Certified Arborists — multiple on staff

INSURANCE & BONDING
✓ General Liability — current per IFB Exhibit
B requirements; Certificate of Insurance with City
as additional insured available on award.
✓ Automobile Liability — current per IFB
Exhibit B requirements.
✓ Workers’ Compensation — current per IFB
Exhibit B requirements; statutory California
coverage maintained continuously.
✓ Bonding Capacity — confirmed available
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Grover Landscape Services, Inc. | IFB-00088 | 15
IFB Forms Submitted to OpenGov
• Pricing Schedule
• Customer References
• Financial Interest Disclosure
• Company History Statement
• Experience and Certifications
• Warranty Statements
• Levine Act Disclosure
• Prevailing Wage (Labor Craft and Labor Rate) Form
I certify, on behalf of Grover Landscape Services, Inc., that the information in this proposal is true and correct, that all required licenses, registrations, and insurance are current, and that the firm takes no exception to the terms, conditions, scope of work, or sample agreement in IFB-00088.

Matt Long
Tree Service Division Manager, on behalf of Grover Landscape Services, Inc. #11..
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Exhibit C
Exhibit C - IFB-00088
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1 INVITATION FOR BIDS (“IFB”) NO. IFB-00088
FOR

ON-CALL VEGETATION MANAGEMENT SERVICES

THE PAYMENT OF PREVAILING WAGES IS REQUIRED
BIDS DUE: July 14, 2026 before 11:00 am
CITY OF MODESTO CONTACT: Mark Bolden, Buyer
E-MAIL ADDRESS: [email protected]
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
2 Table Of Contents

NOTICE TO BIDDERS

INSTRUCTIONS TO BIDDERS

VIRTUAL BID OPENING

GENERAL BID REQUIREMENTS

PRICING SCHEDULE

BID SUBMITTAL

TECHNICAL SPECIFICATIONS AND REQUIREMENTS

SAMPLE ANNUAL AGREEMENT - SERVICES
EXHIBIT B: INSURANCE REQUIREMENTS FOR PROFESSIONAL SERVICES #11..
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
3 NOTICE TO BIDDERS
NOTICE IS HEREBY GIVEN that the City of Modesto, County of Stanislaus, State of California (“City”), will receive electronic sealed Bids (each, a “Bid”) from qualified Bidders (each, a “Bidder”) for the furnishing of On-Call Vegetation Management Services equipment, materials, supplies and/or related services (the “Services”) for the City of Modesto, Engineering Services Department, Parks Planning & Development Division.

All equipment, materials, and supplies shall be furnished F.O.B. City of Modesto (delivery charges borne by Bidder, included in the Services pricing herein, and not separately charged to the City). Bidders are highly recommended to download all IFB documents from the City’s OpenGov Procurement portal at https://procurement.opengov.com/portal/modestogov; such IFB documents shall include all specifications necessary for Bidders to submit a responsive Bid.

Each Bid shall be submitted electronically through the City's OpenGov Procurement portal prior to 11:00 am on Tuesday, July 14, 2026, after which time Bids will be opened, read and recorded. The opening of bids will not be physically open to the public but may be viewed simultaneously via video conferencing in the manner provided for herein. All Bids shall be available for review following City Council award approval at the Purchasing Division, 1010 Tenth Street, 5th Floor, Suite 5300, Modesto, CA 95354.

Bids will be received only in the manner stated above, and prior to the time indicated. Any Bid received at or after said time and/or date, or in a manner other than stated above cannot be considered.

Bids received in any other format will not be accepted. The City of Modesto assumes no responsibility for delay in the upload of documents or final submittal of the Bid. #11..
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
4 INSTRUCTIONS TO BIDDERS

CALENDAR OF EVENTS
IFB Issued: June 16, 2026
Questions Due via City's OpenGov
Procurement portal:

July 2, 2026, 5:00pm
Addendum Issued (if required): July 7, 2026
Bid Due Date & Time: July 14, 2026, 11:00am
Approximate Contract Award Date: September 2026

CITY CONTACT
All questions regarding these specifications, terms, and conditions shall be submitted through the Question & Answer area of the City's OpenGov Procurement portal prior to 5:00 pm on Thursday, July 2, 2026.

The City will respond to questions through the OpenGov portal where answers can be found in the Question & Answer tab; however, if a response to a question elicits a change to the bid documents, an addendum will be posted through the OpenGov portal under the Addenda & Notices tab. All contact between Bidder and the City regarding the Bid process shall be through the City Contact. Attempts by the Bidder to contact other City personnel regarding this IFB and associated process may result in disqualification of the Bidder.

Notwithstanding the foregoing, information intentionally or unintentionally provided by any person other than the City Contact may not be correct and will not be binding upon the City.

BIDDER FAMILIARITY WITH SERVICE CONDITIONS
It is the responsibility of each Bidder to become familiar with all of the specifications, terms and conditions and the site conditions (if applicable). The Bidder agrees to and acknowledges all IFB specifications, terms, and conditions and indicates the ability to perform by submission of a Bid. By the submission of a Bid, the Bidder certifies that if awarded a contract it will make no claim against the City based upon ignorance of conditions or misunderstanding of the specifications.

CALIFORNIA LABOR CODE SECTION 1771.1(A)
The California Labor Code states that, “A contractor or subcontractor shall not be qualified to Bid on, be listed in a Bid proposal, subject to the requirements of Section 4104 of the Public Contract Code or engage in the performance of any contract for public work, as defined in this chapter, unless currently registered and qualified to perform public work pursuant to Section 1725.5. It is not a violation of this section for an unregistered contractor to submit a Bid that is authorized by Section 7029.1 of the Business and Professions Code or by Section 10164 or 20103.5 of the Public Contract Code, provided the contractor is registered to #11..
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
5 perform public work pursuant to Section 1725.5 at the time the contract is awarded.” This IFB is subject to the registration requirement set forth above.

PRECEDENCE
Bidder agrees that any agreement resulting from City’s acceptance of its Bid, together with the terms in any City purchase order and associated specifications provided by the City to Bidder therewith, shall comprise the entire agreement between City and Bidder. Moreover, Bidder agrees that any additional or contrary terms contained in Bidder’s acknowledgement of, shall be null and void.

SUBMITTAL OF NO BID
If you are not submitting a Bid, you have the option to submit "No Bid" and state the reason you are not submitting a bid for this particular IFB.
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
6 VIRTUAL BID OPENING
The City of Modesto will be broadcasting Bid openings live electronically via Microsoft Teams at 11:00 am (Pacific Time) on Tuesday, July 14, 2026. The City Clerk Record of Proposal document should be available on the City's OpenGov Procurement portal by the end of the same day.

The public Bid opening for this Invitation for Bids will be available using the URL link provided below. By submitting your Bid for the above-stated IFB you acknowledge, understand, and agree to this modified Bid opening procedure.

URL: https://teams.microsoft.com/l/meetupjoin/19%3ameeting_NTI0YzBiMDMtNDQ0Yi00YjNlLWIwZjYtYzg4ZDVjMDdkM2Mz%40thread.v2/0?co ntext=%7b%22Tid%22%3a%22125ccacf-fc61-463c-9976-
189f876ff90b%22%2c%22Oid%22%3a%229715c333-c997-4dd7-8984-12cd4deaa705%22%7d Call-In#: 1 469-998-7409
Conference ID: 961 656 049#
Should you have any questions regarding this, please do not hesitate to contact Mark Bolden. #11..
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
7 GENERAL BID REQUIREMENTS

BID SUBMITTAL
Bidders shall submit through the City's OpenGov Procurement portal. No hard copy bids or bids submitted in any other manner as that prescribed within this IFB will be accepted.

CONFIDENTIAL BIDDER INFORMATION
It is the responsibility of the Bidders to identify information in their Bid submission that they may consider to be confidential under the California Public Records Act. To the extent that the City agrees with that designation, such information will be held in confidence whenever possible. All other information will be considered public.

BIDDER COSTS INCURRED IN RESPONDING TO IFB
All costs associated with the preparation and submission of a Bid shall be borne by the Bidder.

BIDDER EXCEPTIONS
All exceptions taken to this IFB, and associated specifications shall be specifically and clearly identified on Exceptions, Clarifications and Amendments form. Failure to comply with this provision may deem the Bid as non-responsive. Please review the Sample Agreement and make note on the Exceptions, Clarifications, and Amendments form for any changes. Exceptions taken shall not affect the overall performance and quality of equipment, materials and/or provision of Services required by the City. The Purchasing Manager or designated agent shall make the final decision regarding the acceptability of equipment, materials and/or provision of Services with exceptions.

CITY ACCEPTANCE/REJECTION OF IRREGULAR BIDS
An agreement shall be awarded to the Bidder whose Bid most closely satisfies the needs of the City and is deemed the most advantageous to the City. The City reserves the right to reject any or all Bids or to waive any informalities or minor irregularities in a Bid.

COMPLETE BID DOCUMENT
The following City of Modesto forms provided with this IFB constitute the makeup of a complete Bid document and shall be signed wherever indicated and be submitted to the City as required by this IFB.

Failure to furnish any of these documents or information required within such documents may result in disqualification of Proposer.
 Pricing Schedule
 Bidder Exceptions, Clarifications, Amendments (if applicable)  Bidder Customer References
 Financial Interest Disclosure
 Support of Local Vendors (if applicable)
 Bidder Company History Statement
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
8  Bidder Warranty Statements
 Bidder Experience and Certifications
 Subcontractor List (if applicable)
 California Levine Act Disclosure
 Prevailing Wage Form

COMPLIANCE/NON-COMPLIANCE
If Bidder cannot comply with a specification requirement in this IFB, note on the Exception, Clarifications, Amendments form of the specification paragraph, your exception, and your recommendation. The Purchasing Manager will evaluate your recommendation. If after evaluation it is determined that the Bidder is not in compliance with the specification, the Bid may be rejected.

PROPOSED PRICING FORMAT
 The cost of labor, equipment, fuel, licenses, bonds, permits, and insurance necessary to perform the required provision of Services shall be included in Bid pricing, along with Bidder’s profit margin and any other cost factors.
 Unless otherwise stated, the Bidder agrees that, in the event of a price decline, the benefit of such lower pricing shall be extended to the City.
 The City of Modesto shall not pay mileage charges or travel time from the Contractor’s place of business to the job site, or from site to site, or for the Contractor’s travel time to pick up materials.  Bidder shall use the pricing schedule provided in this IFB to present Bid pricing. No other form or format shall be accepted. Bid must be submitted on the Pricing Schedule provided. No alterations may be made to the pricing schedule. Any exceptions, amendments or adjustments should be noted on the Exception, Clarification, Amendments Form.

AWARD OF BID
 The City may award one or more agreements to one or more Bidder in order to provide for backup, or in case the “primary” contractor is unable to meet the City’s needs.  The City reserves the right to decline to award any agreement if it is determined that the proposed pricing is not competitively priced based on similar agreements with public agencies within the State of California or if the bids received fail to meet the City’s requirements.  Upon notification of the Intent to Award, Contractor must provide their Business License (if applicable), W-9 and Insurance Requirements (if applicable) within ten (10) business days. For Contractors who currently do not have a Business License with the City of Modesto, please submit your business application and pay the applicable fees using the link provided. https://modestogov.com/2379/BusinessLicense-Applications-and-Agreem. Submit your signed W-9 using the City’s Vendor Registration #11..
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
9 Form. This link will be provided to the vendor(s) named in the Intent to Award letter. Additionally, all insurance requirements should be submitted through the City’s PINS insurance portal. An email will be generated through the PINS system ([email protected]) with instructions on uploading insurance documents into the portal.
 The City reserves the right to select that Bid, which best suits the City’s needs. In addition to price, consideration will be given to the quality and performance of the service to be purchased, and the criteria listed in Modesto Municipal Code Section 8-3.203(f). Regardless of City staff’s recommendation, the City Council reserves the right to award an agreement to the Bidder that best suits the City’s needs as determined by the City Council whether or not said award is consistent with City staff’s recommendation for award.

SUPPORT OF LOCAL VENDORS
Should the Bidder that submits the lowest responsive Bid or and would otherwise normally qualify to receive the Bid pursuant to Sections 8-3.203 and 8-3.204 of the Modesto Municipal Code (MMC) not be a local business as defined herein, the lowest Bid or quote submitted by a local business that is within 5% of the lowest Bid, whether or not that Bidder is the second lowest Bidder, may be deemed to be the lowest Bidder if the local Bidder agrees to reduce its Bid to match the Bid or quote of the lowest Bidder in writing within five business days after notification by City Purchasing staff, provided that said local Bidder is deemed to be a responsible Bidder as determined by the Purchasing Manager. To qualify as a local Bidder, the Bidder must have a physical business location within the City of Modesto and a current City of Modesto business license.

INDEMNITY
The successful Bidder (the “Contractor”) will be required to hold the City, its agents, officers, employees, and volunteers, harmless from and save, defend and indemnify them against any and all claims, losses, liabilities, judgements 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 the Contractor, its agents, officers, employees, and volunteers relating to or during the performance of its obligations under this Bid, except for claims arising from the willful or active negligence of the City. Contractor’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 for Contractor to procure and maintain a policy of insurance. 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 relation to the operation of Cityowned vehicles by Contractor’s employees will be apportioned to Contractor in accordance with the provisions contained in indemnity.

PREVAILING WAGE
Bidder’s workers must be paid no less than the prevailing wage rate as published by the State of California Department of Industrial Relations (DIR), and the successful Bidder shall maintain certified payroll. For additional information regarding Prevailing Wages, please contact the DIR at www.DIR.CA.gov or call its Labor Research and Statistics Unit, Prevailing Wage Unit at 415/703-4774. The City standards available at the following web address shall also apply to the performance of the Bid: City Standards Website:
https://www.modestogov.com/ArchiveCenter/ViewFile/Item/1120. #11..
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
10 BIDDER REPRESENTATION
Bidder represents that:
 Bidder has had an opportunity to examine and has examined any and all of the documents, including specifications, any resultant contract and supporting data, and that it has, from the information contained in such documents, specifications, and data, fully acquainted itself with all conditions relevant to the work.
 Bidder has made all reasonable investigations essential to a full understanding of the difficulties which may be encountered in performing the work.
 Bidder will complete the proposed provision of Services for the compensation stated in any resultant agreement.
 Bidder assumes full and complete responsibility for all conditions relevant to the proposed provision of Services and all risks in connection therewith.
 Bidder represents that it is fully qualified to perform the proposed provision of Services in accordance with the terms of any resultant agreement within the time specified therein.

BID PROTEST AND APPEAL PROCEDURES
Bidders wishing to protest or appeal a contract award decision by the City of Modesto must follow the procedures provided in this section. Protests or appeals which are not submitted in accordance with these procedures will not be reviewed.

Definitions
For the purposes of these procedures: "Days" means working days in which City Hall is open for business, excluding holidays and weekends.
"Bid" includes the term "offer" or "proposal" as used in the context of formal, informal, or negotiated procurements.
"Announced Decision" includes the term “Notice of Intent to Award Letter”. Once the City has issued an Announced Decision, the date noted will begin the time that a Bidder may lodge a protest.

Protest Procedures
 Only a Bidder who has actually submitted a Bid is eligible to submit a protest against the City’s Announced Decision.
 Subcontractors are not eligible to submit bid protests.  A Bidder may not rely on the bid protest submitted by another bidder but must timely pursue its own protest.
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
11  A written protest to an Announced Decision must be made to the City of Modesto's Director of Finance no later than ten days after the date of the Announced Decision.  The protest shall be delivered or sent by registered mail and received by the City by the deadline, or protest will be automatically rejected. Protestors who choose to be represented by legal counsel are responsible for the associated expenses.
 The protest shall be accompanied by a certified cashier's check in the amount of $300.00, (except for protests of Federally Funded agreements), made payable to the Clerk of the City of Modesto. Protests filed without the requisite fee will be rejected without any additional review.  The protest filed with the Director of Finance shall:
a. Include the name, address, email address and business telephone number of the protestor; b. Identify the protest by name, Invitation for Bid (IFB) or Request for Proposal (RFP) number, and IFB/RFP date;
c. The bid protest must contain a complete statement of the basis for the protest and all supporting documentation. The protest must refer to the specific portion or portions of the Contract Documents upon which the protest is based;
d. Include all supporting documentation, if any. Documentation submitted after filing deadline will not be reviewed.
 Bid Protests: A Bidder shall follow, in order, the following steps:
a. Protest to Director of Finance: Upon receipt of a complete and timely protest, the Director of Finance shall review all the submitted materials and shall create and retain a written record of the review. The Director of Finance shall respond at least generally to each material issue raised in the protest not later than ten days after receipt of the protest. Notice of the Director of Finance's decision may be given by letter mailed through U.S. Postal Service.

All protests to the Director of Finance shall either be delivered to:

City Clerk’s Office
Attn: Director of Finance
1010 Tenth St. Suite 6600
Modesto CA 95354
Or mailed to:

City Clerk’s Office
Attn: Director of Finance
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
12 PO Box 642
Modesto CA 95353
b. Appeal to Deputy City Manager: At the protestor’s discretion, the decision of the Director of Finance may be appealed in writing to the City of Modesto's Deputy City Manager(s) no later than ten days after the date of the Director of Finance’s Decision. The scope of the appeal shall be limited by the issues raised in the initial protest to the Director of Finance. The Deputy City Manager shall not be permitted to review any newly raised issues. The Deputy City Manager shall review the appeal, accompanying supporting documents, if any and the written records of the protest review by the Director of Finance. A written record of the Deputy City Manager's review shall be created and maintained. The Deputy City Manager shall give notice of their decision to the protestor within ten days after receipt of appeal.

Further protest appeals shall either be delivered to:

City Clerk’s Office
Attn: Deputy City Manager
1010 Tenth St. Suite 6600
Modesto CA 95354
Or mailed to:

City Clerk’s Office
Attn: Deputy City Manager
PO Box 642
Modesto CA 95353
c. Appeal to City Council: Any protestor seeking to appeal to the decision of the Deputy City Manager may appeal in writing to the City Council by filing with the City Clerk a written notice of such appeal not later than ten days after the date of the Deputy City Manager's decision. The City Clerk will calendar the protest for Council hearing and give notice of the time and place of the hearing as provided in Modesto Municipal Code Sections 1-4.01 through 1-4.05. The City Council’s decision on the appeal shall be final.

All protest appeals to the City Council shall either be delivered to:

City Clerk’s Office
Attn: City Council
1010 Tenth St. Suite 6600
Modesto CA 95354
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
13 Or mailed to:

City Clerk’s Office
Attn: City Council
PO Box 642
Modesto CA 95353
d. Optional Alternative Process for Protests of Procurement Actions Exceeding $250,000: A Bidder protesting procurements exceeding $250,000 shall comply with the procedures contained herein, except that in lieu of appeal to the Deputy City Manager a protestor may request that the protest be heard and decided at an administrative hearing.

A written request for administrative hearing shall be accompanied by a certified or cashier's check in the amount of $1,500, (except for protests of Federally Funded projects); The request for hearing shall include the specific grounds of the appeal.

The City of Modesto shall select and engage an impartial and qualified person to act as hearing officer in the pending protest. The protestor shall have the right to twice reject the selected hearing officer, provided that the City is notified of such rejection within three days of notice to protestor of the name of the hearing officer.

The protest shall be heard not later than twenty days after receipt of protestor's request for hearing and the selection of a hearing officer. Protests not made in a timely manner shall be deemed withdrawn, unless the City and the protestor mutually agree otherwise in writing. The protestor’s failure to accept a hearing officer after the third attempt by City staff to identify an impartial hearing officer shall be deemed a withdrawal of the protest.

The costs of the hearing officer and expenses of the protest shall be borne by the protestor. The sums deposited with the request for hearing shall be credited to the costs of the hearing officer and other hearing expenses.
e. Mandatory Alternative Process for Protests of Procurements Obtained with Federal Funds: If the protested procurement involves federal funds, the Deputy City Manager, City Council, or hearing officer shall give notice, accompanying their respective decisions, to the protestor that he or she has the right to appeal to the appropriate federal agency, for which an agency name, contact (where available) and address shall be provided by City staff. Such an appeal shall be filed with the appropriate agency within seven business days of the dispatch or rejection notices to the protestor. Federal agencies may entertain protests alleging that the City has failed to adopt written protest procedures or has failed to follow such procedures. The City Council is the highest authority of the City of Modesto, and its decisions are final. A disappointed Bidder for a #11..
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
14 contract involving expenditures of Federal funds shall have the right to appeal the City Council decision directly to the federal agency as described herein. #11..
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INVITATION FOR BIDS # IFB-00088

ON-CALL VEGETATION MANAGEMENT SERVICES
15 PRICING SCHEDULE
All labor, materials, equipment, tools, fuel, licenses, bonds, insurance and other expenses necessary for Bidder to perform the required services shall be included in Bid pricing. Bid must be submitted on the below Pricing Schedule provided. No alterations should be made to the pricing schedule. Any exceptions, amendments or adjustments should be noted on the Bidder Exceptions, Clarifications, Amendments Form.

ESTIMATED ANNUAL QTY x UNIT PRICE= EXTENDED PRICE
**In case of discrepancy between a unit price and an extended price, the unit price will be presumed to be correct, subject, however, to correction to the same extent and in the same manner.** The payment of Prevailing Wages is required for this project. *Direct Labor Rate cannot be less than the minimum state prevailing wage. **Provide a copy of the current Fringe Benefit Statement. During the term of the agreement, ensure the City has a copy of the current, applicable statement on file.

Line Item Description Estimated
Quantity
Unit of
Measure
Unit Cost Total
1 Hourly Rate Tree Trimming Person,
Climber
300 HOUR
2 Hourly Rate Tree Trimming,
Ground Person
300 HOUR
3 Hourly Rate General 600 HOUR
4 Hourly Rate Herbicide/Pesticide
Application
10 HOUR
5 Hourly Rate Equipment Operator 100 HOUR
6 Hourly Rate Wood Chipping 80 HOUR
7 Hourly Rate Off-Haul Disposal 200 HOUR
8 Hourly Rate Brush Grinding (height
< 72”)
16 HOUR
9 Hourly Rate Brush Grinding (height
> 72”)
16 HOUR
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16 Line Item Description Estimated
Quantity
Unit of
Measure
Unit Cost Total
10 Chain Link Fencing Temporary
Tree Protection Installed
200 LF
11 Snow Fencing with T-Stakes
Temporary Tree Protection Installed
200 LF
12 Field Mowing (>1 acres per
occurrence)
5 ACRE
13 Field Discing (>1 acres per
occurrence)
5 ACRE
14 Green Waste 30-Yard Bin, w/OffHaul Disposal6 EA
15 Arborist Evaluation (1) Single Tree 3 EA
16 Arborist Evaluation (5-9) Total
Trees
5 EA
17 Arborist Evaluation (10-19) Total
Trees
10 EA
18 Arborist Evaluation (20+) Total
Trees
20 EA
19 Emergency Response Service -
Fixed Rate
3 EA
TOTAL
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17 BID SUBMITTAL
Bidder’s submission should include all City of Modesto forms as provided. If any form is not applicable, Bidder should write or type “Not Applicable” on it but still include the form in your submission. Before submitting the forms, make sure to review the forms to avoid submitting duplicate forms.

ACKNOWLEDGEMENTS
IFB ACKNOWLEDGEMENT*
The Bidder submitting acknowledges receipt of the referenced IFB and/or Addenda and offers and agrees to provide the articles and/or services specified on behalf of the Bidder indicated in Bidder’s Bid Forms provided by the City, attached hereto and made a part hereof, this includes any forms for the pricing proposed on the Pricing Schedule.

By checking the "please confirm" box below, you acknowledge the above statement. ☐ Please confirm
*Response required
PREPARATION OF BIDS*
Bidder acknowledges that they have quoted price as specified in Bid. No alterations or changes of any kind shall be permitted to the Pricing Schedule as provided. Responses that do not comply shall be subject to rejection in total.

By checking the "please confirm" box below, you acknowledge the above statement. ☐ Please confirm
*Response required
TAXES AND FREIGHT CHARGES*
Bidder acknowledges that:

A. Unless otherwise required and specified in the IFB, the prices quoted herein do not include Sales, Use or other taxes.

B. No charge for delivery, drayage, express, parcel post packing, cartage, insurance, license fees, permits, costs of bonds, or for any other purpose, except taxes legally payable by City, will be paid by the City unless expressly included and itemized in the Bid.

C. Amount paid for transportation of property to the City is exempt from Federal Transportation Tax. An exemption certificate is not required where the shipping paper shows the consignee as one (1) of the City; as such papers may be accepted by the carrier as proof of the exempt character of the shipment.

D. Articles sold to the City are exempt from certain Federal excise taxes. The City will furnish an exemption certificate.
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ON-CALL VEGETATION MANAGEMENT SERVICES
18 By checking the "please confirm" box below, you acknowledge the above statement. ☐ Please confirm
*Response required
AWARD*
Bidder Acknowledges that:

A. Unless otherwise specified by the Bidder or the IFB gives notice of an all-or-none award, the City may accept any item or group of items of any Bid.

B. Bids are subject to acceptance by the City at any time within 45 days of opening, unless otherwise specified in the IFB. A Bidder shall not change its bid if accepted within such time.

C. A valid, agreement based on the sample agreement attached to the IFB and the submitted bid shall be provided, or otherwise furnished, to the successful Bidder within the time for acceptance specified, and such agreement shall be a binding agreement without further action by either party. The agreement shall be interpreted, construed and given effect in all respects according to the laws of the State of California.

By checking the "please confirm" box below, you acknowledge the above statement. ☐ Please confirm
*Response required
PATENT INDEMNITY*
Bidder Acknowledges:

Bidders who do business with the City shall hold the City, its officers, agents and employees, harmless from liability of any nature or kind, including cost and expenses, for infringement or use of any patent, copyright or other proprietary right, secret process, patented or un-patented invention, article or appliance furnished or used in connection with the contract or purchase order.

By checking the "please confirm" box below, you acknowledge the above statement. ☐ Please confirm
*Response required
SAMPLES*
Bidder Acknowledges:

Samples of items, when required, shall be furnished free of expense to the City and if not destroyed by test may upon request (made when the sample is furnished), be returned at the Bidder’s expense.

By checking the "please confirm" box below, you acknowledge the above statement. #11..
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ON-CALL VEGETATION MANAGEMENT SERVICES
19 ☐ Please confirm
*Response required
RIGHTS AND REMEDIES OF CITY FOR DEFAULT*
Bidder Acknowledges:

A. In the event any item furnished by the Bidder in the performance of the contract or purchase order should fail to conform to the specifications therefore or to the sample submitted by the Bidder with its Bid, the City may reject the same, and it shall thereupon become the duty of the Bidder to reclaim and remove the same forthwith, without expense to the City, and immediately to replace all such rejected items with others conforming to such specifications or samples; provided that should the Bidder fail, neglect or refuse to do so, the City shall thereupon have the right to purchase in the open market, in lieu thereof, a corresponding quantity of any such items. City may deduct from any moneys due or that may there after come due to Bidder, or send an invoice to the Bidder which shall be paid within thirty (30) days, the difference between the prices named in the contract or purchase order and the actual cost thereof to the City. In the event that the Bidder fails to make prompt delivery as specified for any item, the same conditions as to the rights of the City to purchase in the open market and to reimbursement set forth above shall apply, except when delivery is delayed by fire, strike, freight embargo, or Act of God or the government.

B. Cost of inspection or deliveries or offers for delivery, which do not meet specifications, will be borne by the Bidder.

C. The rights and remedies of the City provided above shall not be exclusive and are in addition to any other rights and remedies provided by law or under the contract.

By checking the "please confirm" box below, you acknowledge the above statement. ☐ Please confirm
*Response required
PAYMENT TERMS AND METHODS*

BIDDER IS ABLE TO CHOOSE FROM EITHER OF THE FOLLOWING PAYMENT METHODS AND ASSOCIATED TIMINGS:

Option A (Preferred): City of Modesto ePay Payment:

This secure payment methodology is preferred by an increasing number of the City’s suppliers. On Net 30 day timing, you will receive a single-use Master Card number with a detailed remittance for each payment. You will process the payment through your POS/Card terminal. The payment remittance will be sent from [email protected] via email and will contain the following information:
 16-digit credit card number
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20  Expiration date
 Security code
 Total dollar amount of invoices to be paid
 Invoices reference numbers and corresponding amounts
ePay results in small percentage rebate of 1.0% to the City through the card issuer. That rebate amount will be considered by the City in its evaluation of Bidder’s pricing proposal hereunder. Information about enrolling in MasterCard ePay program can be obtained from the City’s contact listed on the Cover Page of this IFB.

Option B – Manual Check:

On Net 45 Day timing, the City will mail a hardcopy check to Bidder. The payment will be deemed to have been made when the check envelope is mailed via US Postal Service First Class Mail. The timing of the mailing will be at the end of the Net 45 Day period. Additional time should be estimated by the Bidder for the check to be in transit, and to await deposit and clearance by Bidder staff. ☐ Option A - ePay (Preferred)
☐ Option B - Manual Check
*Response required
DID YOU CHOOSE THE PAYMENT TERM - OPTION A - EPAY?*
☐ Yes
☐ No
*Response required
When equals "Yes"
PLEASE ENTER THE PREFERRED EMAIL ADDRESS TO SET UP EPAY.* *Response required
CALIFORNIA GOVERNMENT CODE SECTION 4552*
Bidder Acknowledges:

In submitting a Bid to the City, the Bidder offers and agrees that if the Bid is accepted, it will assign to the City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. Sec. 15) or under the Cartwright Act (Chapter 2, commencing with Section 16700, of Part 2 of Division 7 of the Business and Professions Code), arising from purchases of Services, materials, or services by the Bidder for sale to the purchasing body pursuant to the Bid. Such assignment shall be made and become effective at the time the purchasing body tender’s final payment to the Bidder.

By checking the "please confirm" box below, you acknowledge the above statement. ☐ Please confirm
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ON-CALL VEGETATION MANAGEMENT SERVICES
21 *Response required
NO GUARANTEE OR WARRANTY*
Bidder Acknowledges that:

The City makes no guarantee or warranty as to the condition, completeness or safety of any material or equipment that may be traded under a contract or purchase order resulting from this Bid.

By checking the "please confirm" box below, you acknowledge the above statement. ☐ Please confirm
*Response required
MINOR IRREGULARITIES*
Bidder Acknowledges that:

The City reserves the right, in its sole discretion, to waive any informalities or minor irregularities in a Bid.

By checking the "please confirm" box below, you acknowledge the above statement. ☐ Please confirm
*Response required

BIDDER COMPANY INFORMATION
BIDDER COMPANY FULL LEGAL NAME*
Please provide the full legal name of the Bidder Company on this bid submittal. It may already be provided elsewhere, but please provide here to confirm.
*Response required
BIDDER COMPANY MARKETPLACE (OR DBA) NAME*
Please provide the Company Marketplace Name or DBA (if applicable). It may already be provided elsewhere, but please provide here to confirm.

NOTE: If the company is not operating under an additional name or a dba, then you may state "N/A" here.
*Response required
TYPE OF LEGAL ENTITY*
Is the Bidder Company a Corporation, Limited Liability Company, Partnership, or Sole Proprietorship? If the Bidder Company is something other than one of the above options, please answer "No" here and you will be asked to provide more information after this question. #11..
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ON-CALL VEGETATION MANAGEMENT SERVICES
22 ☐ Yes
☐ No
*Response required
When equals "Yes"
TYPE OF LEGAL ENTITY - SELECT*
Please select which of the following legal entity options under which the Bidder Company operates. ☐ Corporation
☐ Limited Liability Company
☐ Partnership
☐ Sole Proprietorship
*Response required
When equals "Yes"
LEGAL ENTITY STATE OF REGISTRATION*
In which State is the Bidder Company registered?
*Response required
When equals "No"
TYPE OF LEGAL ENTITY - OTHER*
You have indicated that the Bidder Company does not operate as a Corporation, a Limited Liability Company, a Partnership, or as a Sole Proprietorship. Please explain and be sure to note which State the Bidder Company is registered/established.
*Response required
BIDDER COMPANY HEADQUARTERS ADDRESS*
Please provide the full street address for the headquarters of the Bidder Company. Be sure to include the following:
 Full Street Address
 City
 State
 Country
 Postal Code
*Response required
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23 BIDDER COMPANY WEBSITE ADDRESS*
Please provide the full company website address for the Bidder Company. *Response required
CONTACT PERSON DETAILS*
Please provide the following information for the Contact person for this bid:
 Name
 Title
 Phone (Office)
 Phone (Mobile)
 Mailing Address (Street Address, City, State, Postal Code)  Fax Number
 Email
*Response required
FEDERAL TAXPAYER IDENTIFICATION NUMBER (TIN)*
Please provide the Bidder Company's Federal Taxpayer Identification Number here. *Response required

DUNS & BRADSTREET (DUNS) NUMBER
Please provide the Bidder Company's Duns & Bradstreet (DUNS) Number here.

BIDDER OFFICER NAMES AND TITLES*
Please provide the Names and Titles of the Top Three Bidder Officers in the following manner:
 Full Name, Full Title
 Full Name, Full Title
 Full Name, Full Title
*Response required
YEARS IN BUSINESS*
For how long has the Bidder Company been in business? Please indicate in number of years. *Response required
CLOSEST BIDDER OFFICE*
Please provide the address for the Bidder Office closest to the City of Modesto. Please be sure to provide:
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24  Full Street Address
 City
 State
 Country
 Postal Code
*Response required
CITY OF MODESTO BUSINESS LICENSE*
Does the Bidder Company currently possess a valid City of Modesto Business License? NOTE: An answer of "No", does not exclude the bid from potential award as it is not required until the contract begins.
☐ Yes
☐ No
*Response required
When equals "Yes"
CITY OF MODESTO BUSINESS LICENSE NUMBER*
You have indicated that the Bidder Company already possesses a City of Modesto Business License, please provide the business license number here.
*Response required
STATE OF CALIFORNIA CONTRACTOR LICENSE NUMBER*
Please provide your State of California Contractor License Number (if available). *Response required
CONTRACTOR LICENSE EXPIRATION DATE*
Please enter the current expiration date of your State of California Contractor's License (if available). *Response required
DIR REGISTRATION NUMBER*
Please provide your State of California Department of Industrial Relations (DIR) Registration Number (if available).
*Response required
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25 DIR REGISTRATION EXPIRATION DATE*
Please enter the current expiration date of your Department of Industrial Relations (DIR) Registration Number.
*Response required

CITY FORMS
BIDDER EXCEPTIONS, CLARIFICATIONS, AMENDMENTS*
Does the Bidder have any exceptions, clarifications, or amendments to this IFB, sample agreement, or its associated specifications?
☐ Yes
☐ No
*Response required
When equals "Yes"
BIDDER EXCEPTIONS, CLARIFICATIONS, AMENDMENTS*
Please download the below documents, complete, and upload.  Bidder_Exceptions,_Clarific...
*Response required
BIDDER CUSTOMER REFERENCES*
Please download the below documents, complete, and upload.  Bidder_Customer_References.pdf
*Response required
FINANCIAL INTEREST DISCLOSURE*
Please download the below documents, complete, and upload.  Financial_Interest_Disclosu...
*Response required
LOCAL VENDOR?*
Is the Bidder a local vendor as defined by the following requirement? To qualify as a local Bidder, the Bidder must have a physical business location within the City of Modesto and a current City of Modesto business license.
☐ Yes
☐ No
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ON-CALL VEGETATION MANAGEMENT SERVICES
26 *Response required
When equals "Yes"
SUPPORT OF LOCAL VENDORS*
Please download the below documents, complete, and upload.  Support_of_Local_Vendors.pdf
*Response required
BIDDER COMPANY HISTORY STATEMENT*
Please download the below documents, complete, and upload.  Bidder_Company_History_Stat...
*Response required
BIDDER WARRANTY STATEMENTS*
Please download the below documents, complete, and upload.  Bidder_Warranty_Statements.pdf
*Response required
BIDDER EXPERIENCE AND CERTIFICATIONS*
Please download the below documents, complete, and upload.  Bidder_Experience_and_Certi...
*Response required
SUBCONTRACTORS?*
Will the Bidder be using subcontractors for any purpose to perform services noted in this IFB? ☐ Yes
☐ No
*Response required
When equals "Yes"
SUBCONTRACTOR LIST*
Please download the below documents, complete, and upload.  Subcontractor_List_IFB.pdf
*Response required
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27 CALIFORNIA LEVINE ACT DISCLOSURE*
Please download the below documents, complete, and upload.  Modesto_Levine_Act_Statemen...
*Response required
PREVAILING WAGE LABOR CRAFT AND LABOR RATE*
Please download the below documents, complete, and upload.  Prevailing_Wage_Form.doc
*Response required

ADDITIONAL BID INFORMATION

ADDITIONAL INFORMATION (IF NEEDED)
For any additional information requested or required by any of your previously provided answers or as stated within this IFB please upload the additional documentation here.

SUBMITTAL CONFIRMATION*
Bidder hereby certifies that all information provided within this submittal is accurate to the best of their knowledge and acknowledges that they have provided proof of their authority to submit a proposal on behalf of the stated Company Name committing them to the information contained within said submittal.

By checking the "please confirm" box below, you certify the above statement. ☐ Please confirm
*Response required
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28 TECHNICAL SPECIFICATIONS AND REQUIREMENTS

SCOPE OF WORK
All labor, materials, tools, equipment, vehicles, fuel and insurance necessary to perform the required work shall be included in bid pricing.

For this On-Call Vegetation Management Services Contract, there is no minimum expenditure requirement.

However, the maximum expenditure of City funds for Vegetation Management Services paid through this Contract shall not exceed $250,000.00 annually.

BID LINE ITEMS:

1. Hourly Rate Tree Trimming Person, Climber: A laborer trained and skilled in tree trimming work. A person whom primarily works from an elevated position such as a bucket-lift, or a tree climber, commonly with use of small power tools such as a chainsaws. Rate shall include all equipment and fuel used to conduct work. Full compensation for price to be paid for labor hours worked.

2. Hourly Rate Tree Trimming, Ground Person: A laborer trained and skilled in tree trimming work. A person whom primarily works from a non-elevated position, at ground level, commonly with use of hand tool or small power tools such as pruners or a chainsaws. Rate shall include all equipment and fuel used to conduct work. Full compensation for price to be paid for labor hours worked.

3. Hourly Rate General: A laborer whom works on general tasks such as, clean-up, or driving. Rate shall include all equipment and fuel used to conduct work, including vehicles and driving. Full compensation for price to be paid for labor hours worked.

4. Hourly Rate Herbicide/Pesticide Application: A laborer trained and skilled in the application of herbicide and/or pesticide, including all equipment, fuel, vehicles, herbicide/pesticide materials and certifications required for the application of herbicide/pesticide. Full compensation for price to be paid for labor hours worked.

5. Hourly Rate Equipment Operator: A person whom is trained and skilled in driving light duty or heavy machinery such as a skid-steer, front loader, backhoe, stump grinder, crane or other. Full compensation for price to be paid for labor hours worked. Hourly Rate does not include equipment cost. See specification section 2.01.

6. Hourly Rate Wood Chipping: The Contractor to complete chipping of woody green waste materials which are stockpiled in place on-site for future use as chipped mulch material. Chipped material not to exceed 6” length. Full compensation for price to be paid for labor hours worked and shall include labor from a trained and experienced person in wood chipping, equipment and fuel.

7. Hourly Rate Off-Haul Disposal: The Contractor to complete loading and haul-off of woody green waste materials which are designated to be removed and legally disposed of off-site. Full compensation for price to be paid for labor hours worked and shall include labor, equipment and fuel. This does not include disposal dump fees. See specifications section 3.04 for disposal dump fees.
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29 8. Hourly Rate Brush Grinding (height < 72”): The Contractor to grind down shrubbery, and sapling trees (less than 2” DBH) to within 2” of finish grade. Line item applicable to areas where brush is less than 72” in height. Removal of roots is not required. Full compensation for price to be paid per hour of labor worked brush grinding and shall include equipment and fuel. Rate is in lieu of an equipment operator.

9. Hourly Rate Brush Grinding (height > 72”): The Contractor to grind down shrubbery, and sapling trees (less than 2” DBH) to within 2” of finish grade. Line item applicable to areas where brush is greater than 72” in height. Removal of roots is not required. Full compensation for price to be paid per hour of labor worked brush grinding and shall include equipment and fuel. Rate is in lieu of an equipment operator.

10. Chain Link Fencing Temporary Tree Protection Installed: Contractor to install rigid 6’chain link temporary tree protection fencing installed to protect vegetation outside of the scope of work or to protect endangered species from damage resulting in the trimming or removal of trees or other unwanted vegetation. Contractor to install 8.5” x 11” laminated/waterproof signage at minimum every 8’ linear feet. Signage to state, “Vegetation Protect Area, Please Keep Out”. Temporary chain link fencing to be removed immediately once work is complete. Full compensation for price to be paid per linear foot of fencing installed at the work site.

11. Snow Fencing with T-Stakes Temporary Tree Protection Installed: Contractor to install 4’ orange snow tree protection fencing to be installed to protect vegetation outside of the scope of work or to protect endangered species from damage resulting in the trimming or removal of trees or other unwanted vegetation. Snow fencing to be staked in place with 6’ metal t-stakes place at least every 10’. Contractor to install 8.5” x 11” laminated/waterproof signage at minimum every 8’ linear feet. Signage to state, “Vegetation Protect Area, Please Keep Out”. Temporary orange snow fencing to be removed immediately once tree trimming or removal work is completed. Full compensation for price to be paid per linear foot of fencing installed at the work site.

12. Field Mowing (>1 acres per occurrence): The Contractor, with use of mechanical equipment, to weed-eat and/or mow down grassland to within 3” of finish grade. The Contractor shall take care to protect all native trees and shrubs from damage. On each occurrence total area to be field mowed shall be greater than 1 acres. Full compensation for price to be paid for acre of area mowed and shall include labor, equipment and fuel.

13. Field Discing (>1 acres per occurrence): The Contractor, with use of mechanical equipment, to disc grassland areas per City instruction to create fire breaks and/or till soil to overall reduce fire risk. The Contractor shall take care to protect all native trees and shrubs from damage. On each occurrence total area to be field disced shall be greater than 1 acres. Full compensation for price to be paid for acre of area disced and shall include labor, equipment and fuel.

14. Green Waste 30-Yard Bin, w/Off-Haul Disposal: The Contractor to delivery an empty 30-yard green waste bin for use to fill with green waste materials of various sizes and density. Following use, the Contractor to include removal and legal disposal of, off-site, of green waste materials. Full compensation for price to be paid for each green waste bin and shall include labor, equipment and fuel. This does not include disposal dump fees. See specifications section 3.04 for disposal dump fees.

15. Arborist Evaluation (1) Single Tree: The Contractor to complete a written professional arborist evaluation report providing at minimum a tree’s current health status, recommendations for any actions which should be taken to improve a trees health, including any necessary trimming to improve safety, estimated number of healthy years likely remaining in the tree’s life and if the tree could jeopardize any capital investments such as playgrounds, buildings, sidewalks, roads, fencing, lighting, personal property or other installed City infrastructure. Full compensation for price to be paid for each tree evaluated and shall include labor, equipment, materials and fuel used to conduct work. #11..
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30 16. Arborist Evaluation (5-9) Total Trees: The Contractor to complete a written professional arborist evaluation report providing at minimum a tree’s current health status, recommendations for any actions which should be taken to improve a trees health, including any necessary trimming to improve safety, estimated number of healthy years likely remaining in the tree’s life and if the tree could jeopardize any capital investments such as playgrounds, buildings, sidewalks, roads, fencing, lighting, personal property or other installed City infrastructure. Full compensation for price to be paid for each tree evaluated and shall include labor, equipment, materials and fuel used to conduct work. Trees to be within a 3-mile radius of each other and to be evaluated the same request.

17. Arborist Evaluation (10-19) Total Trees: The Contractor to complete a written professional arborist evaluation report providing at minimum a tree’s current health status, recommendations for any actions which should be taken to improve a trees health, including any necessary trimming to improve safety, estimated number of healthy years likely remaining in the tree’s life and if the tree could jeopardize any capital investments such as playgrounds, buildings, sidewalks, roads, fencing, lighting, personal property or other installed City infrastructure. Full compensation for price to be paid for each tree evaluated and shall include labor, equipment, materials and fuel used to conduct work. Trees to be within a 3-mile radius of each other and to be evaluated the same request.

18. Arborist Evaluation (20+) Total Trees: The Contractor to complete a written professional arborist evaluation report providing at minimum a tree’s current health status, recommendations for any actions which should be taken to improve a trees health, including any necessary trimming to improve safety, estimated number of healthy years likely remaining in the tree’s life and if the tree could jeopardize any capital investments such as playgrounds, buildings, sidewalks, roads, fencing, lighting, personal property or other installed City infrastructure. Full compensation for price to be paid for each tree evaluated and shall include labor, equipment, materials and fuel used to conduct work. Trees to be within a 3-mile radius of each other and to be evaluated the same request.

19. Emergency Response Service – Fixed Rate: Upon the City’s written request for Emergency Response Service, the Contractor shall begin Emergency Response Service work within (24) hours of written request provided by the City. The Contractor shall promptly remedy any immediate safety hazards or concerns presented to the Contractor by the City. Full compensation to be paid for each occurrence of Emergency Response Service work. The fixed rate shall be paid in addition to the unit price paid on Bid Line Items #1- #18.

SPECIFICATIONS
Specifications for this IFB are in the attachment Exhibit A.

REQUIRED LICENSES
Contractor shall have at minimum an active Contractor's License with Classification C-49 or C-27. Prior to beginning any service that shall be furnished under this specification, the Bidder shall secure the appropriate Business/Delivery license from the City of Modesto. Business/Delivery license information may be obtained by calling (209) 577-5389 or emailing [email protected]. The successful Bidder shall maintain a City of Modesto business license for the duration of the agreement.

TERM OF AGREEMENT
The term of the agreement shall be for a period of two-years with three (3) one-year extension options at the sole discretion of City, for a total of up to five (5) years. #11..
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31 A. Pricing shall remain firm for the first two years of any agreement which may be awarded pursuant to this IFB.

B. Price increases for subsequent agreement years three, four, and five, shall not exceed the Consumer Price Index (CPI) for 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(s) in writing, ninety (90) days prior to the annual anniversary date of the agreement to be effective for the subsequent year.

C. Price adjustments for diesel fuel fluctuations may be considered. Thirty (30) day written notice is required for consideration. Any price adjustment shall be negotiated through the Purchasing Division and approved at the sole discretion of the CITY.

The index used to determine price adjustments on diesel fuel shall come from the Energy Information Administration Website: HTTPS://WWW.EIA.GOV/PETROLEUM/GASDIESEL/, California data. #11..
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32 SAMPLE ANNUAL AGREEMENT - SERVICES
This agreement, hereinafter called AGREEMENT, made and entered into in the City of Modesto, State of California, this _______ day of ________________, 2026, by and between the City of Modesto, a municipal corporation of the State of California, hereinafter called CITY, and _____, a _______, hereinafter called CONTRACTOR.

W I T N E S E T H:

WHEREAS, the Modesto City Council adopted Resolution No. 2026-______ authorizing the Award of Bid and agreement for the ON-CALL VEGETATION MANAGEMENT SERVICES to CONTRACTOR, attached hereto as Exhibit “A” and made a part hereof, and
WHEREAS, the CONTRACTOR provided a responsive and responsible submittal that best meets the CITY needs, attached hereto as Exhibit “B” and made a part hereof, and WHEREAS, the CITY and CONTRACTOR shall enter into an agreement for the ON-CALL VEGETATION MANAGEMENT SERVICES as described in IFB-00088, attached hereto as Exhibit “A” and made a part hereof (hereinafter called IFB).

NOW, THEREFORE, the parties hereto mutually agree as follows:

1. THE WORK
a. CONTRACTOR shall furnish all labor, materials, equipment, fuel, tools, licenses, 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. 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 at the following AGREEMENT rates for an estimated annual amount $______. The total amount paid by CITY to CONTRACTOR over the full term of the AGREEMENT shall not exceed $_____. Unless the services provided are for a lump sum or flat fee, fees for work performed by CONTRACTOR on an hourly basis shall not exceed the amounts shown on Bid attached hereto as Exhibit A.

2. PREVAILING WAGES
In accordance with California Labor Code Section 1771, CONTRACTOR shall pay all workers, and shall ensure its subcontractors pay all of their workers, engaged in performing the services described in Exhibit “A” not less than the general prevailing rate of per diem wages for work of a similar character in the locality in #11..
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33 which the services described in Exhibit “A” are to be performed, and not less than the general prevailing rate of per diem wages for holiday and overtime work as provided in the California Labor Code. In accordance with California Labor Code Section 1773.2, the City has obtained the general prevailing wages in the locality in which the services described in Exhibit A are to be performed for each craft or type of work needed to be as published by the State of California Department of Industrial Relations, Division of Labor Statistics and Research, a copy of which is on file in the CITY’s Purchasing Department and shall be made available on request. Contractor must comply with all applicable laws and regulations that apply to wages earned in performance of the services described in Exhibit “A”, including those set forth in Labor Code section 1770 et. seq. and in the IFB.

DIR Project ID#: _____________

3. CITY REPRESENTATIVE
CITY Representative is: ___________
Purchasing Representative: __________
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. CONTRACTOR CONTACT
<Enter Contact Information Here>

5. TERM OF AGREEMENT
The term of the AGREEMENT shall be for a period of two (2) years, with three (3) one-year extension options at the sole discretion of CITY, for a total of up to five (5) years.

Year 1: MONTH DD, 2026 through MONTH DD, 2027
Year 2: MONTH DD, 2027 through MONTH DD, 2028
Year 3: MONTH DD, 2028 through MONTH DD, 2029
Year 4: MONTH DD, 2029 through MONTH DD, 2030
Year 5: MONTH DD, 2030 through MONTH DD, 2031
Pricing as set forth in Section 1.e. above shall remain firm for the first two years of the AGREEMENT.

Price increases for any subsequent AGREEMENT years following the second year shall not exceed the percentage change in the Consumer Price Index (CPI) for 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, ninety (90) days prior to the annual anniversary date of the AGREEMENT to be effective for the subsequent year.
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34 Price adjustments for diesel fuel fluctuations may be considered. Thirty (30) day written notice is required for consideration. Any price adjustment shall be negotiated through the Purchasing Division and approved at the sole discretion of the CITY.

The index used to determine price adjustments on diesel fuel shall come from the Energy Information Administration Website: HTTPS://WWW.EIA.GOV/PETROLEUM/GASDIESEL/, California data.

6. INSURANCE REQUIREMENTS
During the term of this AGREEMENT, CONTRACTOR shall maintain in full force and effect at its own cost and expense the insurance coverage as set forth in the attached Exhibit (B) to this AGREEMENT and shall otherwise comply with the other provisions of Exhibit (B) to this AGREEMENT. The city utilizes a software program “PINS Advantage” where vendor is responsible for uploading and maintaining updated insurance.

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 the following payment terms within thirty days after completion and acceptance of the Services by the CITY, and receipt of a properly prepared invoice, CITY will pay CONTRACTOR [TO BE DETERMINED BY IFB RESPONSE IN FINAL AGREEMENT, EITHER “Net 30 terms via CITY’s ePay Program” or “Net 45 Days via manual check”]. 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 number
 CITY department/division name and address
 Billing period
 Service hours worked day and week
 Unit price, extended price, sales tax and total

8. INDEMNITY
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 or indirectly 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, #11..
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35 except for claims arising from the willful or active negligence of the City. CONTRACTOR’s obligation to defend, indemnify, and hold the CITY, its agents, 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.

9. VENUE & GOVERNING LAW
Venue for any dispute or claim arising 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 law’s provisions or principles.

10. ATTORNEY'S 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 as immediately after the agreement administrator receives and has on file:
a. Proofs of insurance (approved by CITY Risk Manager); and b. Executed Agreement;
c. CONTRACTOR Bid submittal;
d. IFB No. 00088;
e. Contractor’s City of Modesto business license

12. TERMINATION OF SERVICES
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 nonperformance 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 the Contractor's performance under the Agreement, either in whole or in part, at its own discretion and without cause.

Post-Termination Procedure
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36 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 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:
i. The cost of settling and paying valid claims arising out of the termination of the SERVICES such as subcontractor agreements or contracts for materials; #11..
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37 ii. 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 LAWS
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. Have such required work done by CITY forces or otherwise, and charge the cost thereof to the CONTRACTOR, or
c. Recommend termination of AGREEMENT between said the CONTRACTOR and the City of Modesto.

Those discrepancies and deficiencies in the SERVICES that remain uncorrected after the date set for correction may be the necessary justification for a billing adjustment in the month following the occurrence. Unless otherwise negotiated, billing adjustments for this incomplete or uncorrected work shall be permanent retention of 100% of the estimated monthly cost for the SERVICES not corrected or completed.

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. #11..
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38 17. DIR REGISTRATION
Pursuant to Labor Code section 1771.1, CONTRACTOR may not engage in the performance of the Services set forth in Exhibit “A”, unless currently registered and qualified to perform public work pursuant to Section 1725.5 thereof. As required in Section 7029.1 of the Business and Professions Code or by Section 10164 or 20103.5 of the Public Contract Code, during term of this AGREEMENT, CONTRACTOR shall be registered to perform public work pursuant to Section 1725.5 thereof.

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: ____________
____________
____________
____________
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 to, and has full authority to, execute the AGREEMENT.

21. QUANTITIES
No minimum or maximum is guaranteed or implied.

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. #11..
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39 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. 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. #11..
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40 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. CITY shall make available to CONTRACTOR only the facilities and equipment listed in EXHIBIT “A”, and only under the terms and conditions set forth herein.

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 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.
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41 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.

Additional or new terms contained in this AGREEMENT which vary from CONTRACTOR’S bid are controlling and are deemed accepted by CONTRACTOR by performance of any SERVICES or other commencement of performance hereunder. The terms and conditions of the IFB, attached hereto as Exhibit C, are incorporated herein. In the event of a conflict between the IFB and this AGREEMENT, this AGREEMENT shall control. All previous bids, offers and communications related 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 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.
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42 IN WITNESS WHEREOF, the CITY OF MODESTO, a municipal corporation, has authorized the execution of this Agreement by its City Manager and attested by its City Clerk under authority of Resolution No. 2026- _______, adopted by the Council of the City of Modesto on the ________ day of __________________, 2026 and _____________.has caused this Agreement to be duly executed.

CITY OF MODESTO
a municipal corporation

CONTRACTOR
By ________________________________ By ________________________________ JOSEPH P. LOPEZ
City Manager
(Signature)
By ________________________________
ATTEST: (Name & Title)
Date: _______________________________
By ________________________________
DIANE NAYARES-PEREZ, CMC, City Clerk
(SEAL)
APPROVED AS TO FORM:

By ________________________________
JOSE M. SANCHEZ, City Attorney
By ________________________________
MATTHEW BRALEY, ARM-PE, Risk Manager
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43 EXHIBIT B: INSURANCE REQUIREMENTS FOR PROFESSIONAL SERVICES Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder and the results of that work by the Contractor his agents, representatives, employees or subcontractors.

MINIMUM SCOPE AND LIMIT OF INSURANCE
Coverage shall be at least as broad as:

1. Commercial General Liability (CGL): Insurance Services Office Form CG 00 01 covering CGL on an “occurrence” basis, including products and completed operations, property damage, bodily injury and personal & advertising injury with limits no less than $2,000,000 per occurrence. If a general aggregate limit applies, either the general aggregate limit shall apply separately to this project/location (ISO CG 25 03 or 25 04) or the general aggregate limit shall be twice the required occurrence limit.

2. Automobile Liability: ISO Form Number CA 00 01 covering any auto (Code 1), or if Contractor has no owned autos, hired, (Code 8) and non-owned autos (Code 9), with limit no less than $1,000,000 per accident for bodily injury and property damage.

3. Workers’ Compensation: as required by the State of California, with Statutory Limits, and Employer’s Liability Insurance with limit of no less than $1,000,000 per accident for bodily injury or disease.
(Not required if consultant provides written verification it has no employees)

4. Professional Liability (Errors and Omissions) Insurance appropriates to the Consultant’s profession, with limit no less than $1,000,000 per occurrence or claim, $1,000,000 aggregate.

If the contractor maintains broader coverage and/or higher limits than the minimums shown above, the City of Modesto requires and shall be entitled to the broader coverage and/or the higher limits maintained by the contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City of Modesto.

Umbrella or Excess Coverage
The Contractor may use Umbrella or Excess Policies to provide the liability limits as required in this agreement. This form of insurance will be acceptable provided that all of the Primary and Umbrella or Excess Policies shall provide all of the insurance coverages herein required, including, but not limited to, primary and non-contributory, additional insured, Self-Insured Retentions (SIRs), indemnity, and defense requirements.

The Umbrella or Excess policies shall be provided on a true “following form” or broader coverage basis, with coverage at least as broad as provided on the underlying Commercial General Liability insurance. No insurance policies maintained by the Additional Insureds, whether primary or excess, and which also apply to #11..
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44 a loss covered hereunder, shall be called upon to contribute to a loss until the Contractor’s primary and excess liability policies are exhausted.

The insurance policies are to contain, or be endorsed to contain, the following provisions:

Additional Insured Status
The City of Modesto, its officers, officials, employees, and volunteers are to be covered as additional insureds on the CGL policy with respect to liability arising out of work or operations performed by or on behalf of the Contractor including materials, parts, or equipment furnished in connection with such work or operations.

General liability coverage can be provided in the form of an endorsement to the Contractor’s insurance with coverage equal to ISO form CG 2010. If Completed Operations endorsement is required, a separate endorsement equal to ISO form CG 2037 is required.

Primary Coverage
The Additional Insured coverage under the Contractor’s policy shall be “primary and non-contributory” and will not seek contribution from the City’s insurance or self-insurance and shall be at least as broad as CG 20 01 04 13. The City of Modesto does not accept endorsements limiting the Contractor’s insurance coverage to the sole negligence of the Named Insured.

Notice of Cancellation
Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to the City of Modesto.

Waiver of Subrogation
Contractor hereby grants to City of Modesto a waiver of any right to subrogation which any insurer of said Contractor may acquire against the City of Modesto by virtue of the payment of any loss under such insurance. Contractor agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not the City of Modesto has received a waiver of subrogation endorsement from the insurer.

Self-Insured Retentions
All Self-insured retentions must be disclosed to Risk Management for approval and shall not reduce the limits of liability. The City of Modesto may require the Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. Any and all deductibles and SIRs shall be the sole responsibility of Contractor or subcontractor who procured such insurance and shall not apply to the Indemnified Additional Insured Parties.

Acceptability of Insurers
Insurance is to be placed with insurers with a current A.M. Best’s rating of no less than A:VII, unless otherwise acceptable to the City of Modesto.
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45 Claims Made Policies (applicable to Professional Liability only) If any of the required policies provide claims-made coverage:

1. The Retroactive Date must be shown and must be before the date of the contract or the beginning of contract work.

2. Insurance must be maintained, and evidence of insurance must be provided for at least five (5) years after completion of the contract of work.

If coverage is canceled or non-renewed, and not replaced with another claims-made policy form with a Retroactive Date prior to the contract effective date, the Contractor must purchase “extended reporting” coverage for a minimum of five (5) years after completion of work.

Verification of Coverage
Contractor shall furnish the City of Modesto with original certificates and amendatory endorsements or copies of the applicable policy language effecting coverage required by this clause and a copy of the Declarations and Endorsements Pages of the CGL and any Excess policies listing all policy endorsements. All certificates and endorsements are to be received and approved by the City of Modesto Risk Services before work commences. However, failure to obtain the required documents prior to the work beginning shall not waive the Contractor’s obligation to provide them. The City of Modesto reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time. City reserves the right to obtain a full certified copy of any insurance policy and endorsements.

Failure to exercise this right shall not constitute a waiver of right to exercise later.

Subcontractors
Contractors shall require and verify that all subcontractors, or other parties hired for this work, purchase and maintain coverage for indemnity and insurance requirements as least as broad as specified in this agreement to the extent they apply to the scope of the subcontractor’s work with the same certificate of insurance requirements and naming as additional insureds all parties to this contract.

Special Risks or Circumstances
City of Modesto reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

Certificate Holder Address
Proper address for mailing certificates, endorsements and notices shall be:

City of Modesto
Attn: Risk Management
1010 10th Street
Modesto, CA 95354
#11..
- 385 -
Exhibit D
Exhibit D - Insurance Requirements
#11..
- 386 -








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#11..
- 389 -
Exhibit E
Exhibit E - Pricing Schedule
#11..
- 390 -

PRICE TABLES
Line Item Description Estimat… Unit of Measure Unit Cost Total 1 Hourly Rate Tree Trimming
Person, Climber
300 HOUR $105.00 $31,500.00
2 Hourly Rate Tree
Trimming, Ground Person
300 HOUR $100.00 $30,000.00
3 Hourly Rate General 600 HOUR $85.00 $51,000.00
4 Hourly Rate
Herbicide/Pesticide
Application
10 HOUR $160.00 $1,600.00
5 Hourly Rate Equipment
Operator
100 HOUR $85.00 $8,500.00
6 Hourly Rate Wood
Chipping
80 HOUR $125.00 $10,000.00
7 Hourly Rate Off-Haul
Disposal
200 HOUR $100.00 $20,000.00
8 Hourly Rate Brush
Grinding (height < 72”)
16 HOUR $200.00 $3,200.00
9 Hourly Rate Brush
Grinding (height > 72”)
16 HOUR $250.00 $4,000.00
10 Chain Link Fencing
Temporary Tree Protection
Installed
200 LF $8.00 $1,600.00
11 Snow Fencing with TStakes Temporary Tree
Protection Installed
200 LF $7.00 $1,400.00
7/23/26, 8:33 AM Grover Landscape Services, Inc Response https://procurement.opengov.com/governments/9760209/projects/248478/sourcing/proposals/532274 1/2 #11..
- 391 -
12 Field Mowing (>1 acres
per occurrence)
5 ACRE $225.00 $1,125.00
13 Field Discing (>1 acres per
occurrence)
5 ACRE $225.00 $1,125.00
14 Green Waste 30-Yard Bin,
w/Off-Haul Disposal
6 EA $375.00 $2,250.00
15 Arborist Evaluation (1)
Single Tree
3 EA $450.00 $1,350.00
16 Arborist Evaluation (5-9)
Total Trees
5 EA $400.00 $2,000.00
17 Arborist Evaluation (10-
19) Total Trees
10 EA $300.00 $3,000.00
18 Arborist Evaluation (20+)
Total Trees
20 EA $200.00 $4,000.00
19 Emergency Response
Service - Fixed Rate
3 EA $550.00 $1,650.00
Total $179,300.00
7/23/26, 8:33 AM Grover Landscape Services, Inc Response https://procurement.opengov.com/governments/9760209/projects/248478/sourcing/proposals/532274 2/2 #11..
- 392 -
Bid#: INF-IFB-00088
Cost Abstract Bid Due Date: 7/15/2026
Result
Prospective Bidder Initial Bid Invite Via Email Bid Received Via OpenGov Bid Estimates 1 Sabio Innovation Group LLC 6/16/2026 7/14/2026 $ 146,850.00 N/A 2 Grover Landscape Services, Inc 6/16/2026 7/14/2026 $ 179,300.00 1st 3 West Coast Arborist, Inc. 6/16/2026 7/14/2026 $ 197,754.00 2nd 4 Julian Tree Care Inc 6/16/2026 7/14/2026 $ 207,525.00 3rd 5 EMTS, Inc. 6/16/2026 7/14/2026 $ 214,690.00 4th
6 New Image Landscape Company 6/16/2026 7/14/2026 $ 249,990.00 5th 7 Greentek Services 6/16/2026 7/14/2026 $ 330,846.54 6th 8 Central Sierra Enterprice, Inc 6/16/2026 7/14/2026 $ 360,139.00 7th Date: 7/15/2026

CITY OF MODESTO
PO BOX 642 MODESTO CA 95353
IFB NO. 00088 NAME OF BID - On-Call Vegetation Management Services #11..
- 393 -

CITY OF MODESTO

COUNCIL AGENDA REPORT
DATE OF MEETING:

October 13, 2026
Date: September 23, 2026
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: Toby Wells, Director of Engineering Services/City Engineer SUBJECT: Accept Coffee Road Strengthen & Replace Water Mains Project CONTACT: Peter Kambel, Senior Civil Engineer, [email protected], 209-577-5444
DESCRIPTION:

Consider accepting the Coffee Road Strengthen & Replace Water Mains Project as complete, releasing securities, releasing payments totaling $2,722,843 to United Pavement Maintenance Inc., of Hughson, CA, and authorizing the City Clerk to file a Notice of Completion. (Funding Source: Water Fund)
STRATEGIC PLAN ELEMENT:

The recommended action supports the City’s 2025-2026 City of Modesto Strategic Plan Initiatives, Goal D: Provide safe, efficient, and reliable infrastructure through proactive community investment, maintenance, and sustainability efforts.

BACKGROUND:

The existing water mains along Coffee Road from East Fairmont Avenue to Brighton Avenue and in the surrounding area are aging. Undersized steel pipes that are prone to leaks and low water pressure are a challenge.

This project replaced approximately 6,455 linear feet of water main in the Coffee Road area. The project improved the water system reliability by increasing water pressure for the residents, as well as increased flow to fire suppression systems. #12..
- 394 -
City Council, October 13, 2026
Accept Coffee Road Strengthen & Replace Water Mains Project

DISCUSSION:

The Coffee Road Strengthen & Replace Water Mains Project was advertised for bids on January 16, 2025. Bids were publicly opened on February 25, 2025, and United Pavement Maintenance Inc., of Hughson, CA, was the lowest responsive and responsible bidder at 4.00% below the engineer’s estimate.

On April 8, 2025, by Resolution 2025-117, Council awarded a contract to United Pavement Maintenance Inc., in the amount of $2,338,210. The Contractor received the Notice to Proceed with a start date of June 30, 2025. All contract work was completed on April 16, 2026.

By accepting this project as complete, the City officially accepts the improvements made and authorizes the Notice of Completion to be filed. The City Clerk is authorized to complete all the necessary steps to file Notice of Completion with the County Recorder, release securities, and authorize payments totaling $2,722,843. The work is covered by a one-year warranty for any issues that may arise.

Staff recommends the project for acceptance as the contractor has complied with all contract requirements for the project.

FISCAL IMPACT:

The total project costs were $3,097,686 which included design, construction, city construction forces, and construction administration costs. The total project amount originally budgeted was $3,189,673, which included $2,805,852 for the construction contract and contingency with United Pavement Maintenance Inc.

The City’s “Change Order Approval Policy” enacted by Council Resolution No. 94-443 on July 19, 1994, updated by Resolution No. 2019-326 on July 9, 2019, and updated by Resolution No. 2023-405 on September 12, 2023, established a contract change order authority of ten percent (10%) for construction contracts of this dollar value. However, after reviewing the plans and specifications, and given the nature of this project where unforeseen conditions may exist when dealing with existing construction, and other unaccounted for issues may arise, it is likely that this project could exceed the Director’s Authority of 10% ($233,821) of the Construction Contract. Therefore, staff requested that the Director’s Authority to issue change orders be increased to 20% ($467,642) of the Construction Contract amount.

There were eight (8) change orders resulting in an overall increase of $384,633 for change order work as listed on the attached change order log. A summary of the expenditures for the overall project is listed below.
#12..
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City Council, October 13, 2026
Accept Coffee Road Strengthen & Replace Water Mains Project

101331– Coffee Road Water Main Upgrade
PROJECT EXPENDITURES: % of Contract Totals
Construction Contract (UPM) $2,338,210
Construction Contingency (Change Orders) 16.45% $384,633 City Construction Forces 0.98% $22,802
Construction Administration – City Staff Support 8.83% $206,379 Engineering Design/Admin. – City Staff Support/Misc. 6.23% $145,662 TOTAL CONSTRUCTION EXPENDITURES: $3,097,686
COMMITTEE RECOMMENDATION:

This project was considered by the Economic Development Committee on January 22, 2025, where it was recommended that it be forwarded to Council for approval.

CEQA/NEPA REQUIREMENTS:

Environmental review has been provided through a Categorical Exemption under CEQA Section 15301 Class 1(b)(c); 1503 (d).

RECOMMENDED COUNCIL ACTION:

Staff Recommendations:

Resolution accepting the Coffee Road Strengthen & Replace Water Mains Project as complete, releasing securities, releasing payments totaling $2,722,843 to United Pavement Maintenance Inc., of Hughson, CA, and authorizing the City Clerk to file a Notice of Completion.

Approved by: _________________________________________
Toby Wells, Director of Engineering Services/
City Engineer
_________________________________________
Joseph P. Lopez, City Manager
Attachments:

1. Resolution

2. Contract Change Order Log

3. Project Suspension Form

4. Notice of Completion
#12..
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10/13/2026/ESD/PKambel/Item X 1 2026-XX

MODESTO CITY COUNCIL
RESOLUTION NO. 2026-XX

RESOLUTION ACCEPTING COFFEE ROAD STRENGTHEN & REPLACE

WATER MAINS PROJECT AS COMPLETE, RELEASING SECURITIES,
RELEASING PAYMENTS TOTALING $2,722,843 TO UNITED PAVEMENT MAINTENANCE INC., OF HUGHSON, AND AUTHORIZING THE CITY CLERK

TO FILE A NOTICE OF COMPLETION
WHEREAS, the existing water main along Coffee Road from East Fairmont Avenue to Brighton Avenue and in the surrounding area are aging, undersized steel pipes that are prone to leaks and low water pressure; and WHEREAS, this project replaced approximately 6,455 linear feet of water main in the Coffee Road area. The project improved system reliability by increasing water pressure for the residents, as well as increased flow to fire suppression systems; and
WHEREAS, the work for this project was initially advertised for bids January 16, 2025; and
WHEREAS, bids were publicly opened on February 25, 2025, and United Pavement Maintenance Inc., of Hughson, CA, was the lowest responsive and responsible bidder at 4.00% below the engineer’s estimate; and WHEREAS, on April 8, 2025, by Resolution 2025-117, Council awarded a contract to United Pavement Maintenance Inc., in the amount of $2,338,210; and WHEREAS, the Contractor received the Notice to Proceed with a start date of June 30, 2025. All contract work was completed on April 16, 2026; and WHEREAS, the total project costs were $3,097,686 which included design, construction, city construction forces, and construction administration costs. The total project amount originally budgeted was $3,189,673, which included #12..
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10/13/2026/ESD/PKambel/Item X 2 2026-XX
$2,805,852 for the construction contract and contingency with United Pavement Maintenance Inc; and
WHEREAS, the City’s “Change Order Approval Policy” enacted by Council Resolution No. 94-443 on July 19, 1994, updated by Resolution No. 2019-326 on July 9, 2019, and updated by Resolution No. 2023-405 on September 12, 2023, established a contract change order authority of ten percent (10%) for construction contracts of this dollar value. However, after reviewing the plans and specifications, and given the nature of this project where unforeseen conditions may exist when dealing with existing construction, and other unaccounted for issues may arise, it is likely that this project could exceed the Director’s Authority of 10% ($233,821) of the Construction Contract. Therefore, staff requested that the Director’s Authority to issue change orders be increased to 20% ($467,642) of the Construction Contract amount; and
WHEREAS, there were eight (8) change orders resulting in an overall increase of $384,633 for change order work as listed on the attached change order log; and
WHEREAS, by accepting this project as complete, the City officially accepts the improvements made and authorizes the Notice of Completion to be filed.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Modesto that the Coffee Road Strengthen & Replace Water Mains Project is complete, releasing securities, releasing payments totaling $2,722,843 to United #12..
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10/13/2026/ESD/PKambel/Item X 3 2026-XX
Pavement Maintenance Inc., of Hughson, CA, and authorizing the City Clerk to file a Notice of Completion.

The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 13th day of October, 2026, 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
#12..
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CONTRACT CHANGE ORDER LOG
Date: May 22, 2026

CAUSE CHANGE
ORDER
NO. DESCRIPTION EXECUTED AMOUNT

UNFORSEEN

CONDITIONS
DESIGN
ISSUE
ADDED
SCOPE
TIME
EXT. Approved
PROJECT NUMBER AND NAME:
2025/08 - Coffee Road Strengthen & Replace Water Mains | BSK 01 Replace 10 Inch (PVC DR18) to 12 Inch 08/25/25 $78,143.48 0 W.D. No No Yes Yes 02 Additional Work at Tie-In Point of Coffee Road 10/20/25 $7,201.23 0 W.D. No No No Yes 03 Slurry Seal Streets 01/12/26 $176,471.00 0 W.D. No No Yes Yes 04 Install Two ADA Ramps 02/11/26 $29,625.00 0 W.D. No No Yes Yes 05 Re-Route Water Line Service At 1106 El Vecino AVE 02/11/26 $3,012.02 0 W.D. No No Yes Yes 06 30 Additional Working Days 03/05/26 $0.00 30 W.D. No No Yes Yes 07 Re-Route Water Line Services Line 03/24/26 $8,897.84 0 W.D. No No Yes Yes 08 Additional Asphalt Required & Striping 05/22/26 $81,282.00 0 W.D. No No Yes Yes Original Contract Amount: $2,338,210.00 Total Working Days Time Extension: 30 Original Director's CCO Authority: $0.00 Total Change Orders Processed To Date: $384,632.57 IDA To:

IDA Date:

Total Executed Change Orders To Date: $384,632.57
#12..
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Capital Project In Beneficial Use/Substantial Completion Notice ThisnoticemustbesubmittedtotheFinance Departmentwhenacapitalprojecthasreachedsubstantialcompletion,is inbeneficial use or has entered thewarranty period tomeetfinancialreporting guidelines of depreciation.

Project #: 101331 Fund: 4180 Cost Center: 49999
Ext: 75444 Contact: Pete Kambel
When the Project was Created was it Non-Capital or Capital: Non-Capital X Capital Project in Oracle: Coffee Road Water Main Upgrade
Project Description:
(What new infrastructure
was built/created)
Replacing approximately 6,455 linear feet of water
main.

Project In Use/Completion Date or Council Acceptance Date: Accepted October 13, 2026 Warranty Period X Yes No If yes, Project Warranty EndDate: October 13, 2027 Project expensesinclude (Check one): Non-Capital X Capital Capital and Non-Capital* If expenses are mixed - Amount of total expenses to be recorded as Capital, either dollar amount or percentage:
* IQproject expensesinclude Capital and Non-Capital, an Itemized list o/New Assets and Costs which make up the amount/percentage listed above must be provided with this form Authorization Signatures to Begin Depreciation of Project Expense Project Manager: Date:

Financial Analyst(Budget): Date:

Directorof Finance: Date:

Financial Analyst(Assets):
01-FEB-2025
Latest Revision
#12..
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Coffee Road Water Main Upgrade
Organization : UTL.Water Engineering Design
Hosting Fund : Water Fund - CIP Projects-4180
Element : Comm Svcs & Fac
Classification : Replacement
Category
Type
Area
Manager
:
:
:
:

Water
Water
System Wide
Davalos, Robert
Start Date
End Date
Status
Const. Code
:
:
:
:
101331
Capital Unsponsored
01-MAY-2021

APPROVED
New or Future
Proj Desc : UTL - Coffee Road Water Main Upgrade
Expenditure
PJTD BDGT PJTD Actual PJTD Available PJTD Budget PJTD Actual PJTD Commit PJTD Available Previous Yr End Previous Yr End Previous Yr End
234,272.00 203,940.14 30,331.86 234,272.00 206,378.34 0.00 27,893.66 CCF City Construct Force 50,000.00 22,801.05 27,198.95 50,000.00 22,801.05 0.00 27,198.95 CON Construction 2,338,210.00 2,338,210.00 0.00 2,338,210.00 2,338,210.00 0.00 0.00 CTGY-CIP Contingency - CIP 467,642.00 384,632.57 83,009.43 467,642.00 384,632.57 0.00 83,009.43 EDA Eng/Design/Admin 223,963.00 145,574.36 78,388.64 223,963.00 145,661.94 0.00 78,301.06 Total 3,314,087.00 3,095,158.12 218,928.88 3,314,087.00 3,097,683.90 0.00 216,403.10 Net Total -218,928.88 -216,403.10
CA Construction Admin
Date: 9/16/2026 16:16 PM
#12..
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Requested by
City of Modesto/City Clerk’s Office
Return to City of Modesto/City Clerk’s Office:

PO Box 642
Modesto CA 95353

NOTICE OF COMPLETION
NOTICE IS HEREBY GIVEN that on April 8, 2025 the City of Modesto, PO Box 642, Modesto, California 95353, a Municipal Corporation in the County of Stanislaus, State of California, awarded the contract to United Pavement Maintenance Inc. of Hughson, CA for the project titled “Coffee Road Strengthen & Replace Water Mains Project” located at Coffee Road from E. Fairmont Ave to Brighton Ave, Ramona Ave from E. Fairmont Ave to Edison Ave, El Vecino Ave from E. Fairmont Ave to Brighton Ave, El Torino Ave from E. Fairmont Ave to Brighton Ave, Multnomah Dr from El Terino Ave to Coffee Road, Chehalem from El Terino Ave to Coffee Road, and Edison Ave from El Vecino Ave to El Terino Ave. On April 16, 2026, said contract, as a whole, was completed by United Pavement Maintenance Inc., and accepted by the Council of the City of Modesto at a regular meeting of the Council held on October 13, 2026.

CITY OF MODESTO
By
Diane Nayares-Perez, City Clerk
I certify under penalty of perjury that the foregoing is true and correct.

Date: By
Modesto, CA Diane Nayares-Perez, City Clerk
#12..
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CITY OF MODESTO

COUNCIL AGENDA REPORT
DATE OF MEETING:

October 13, 2026
Date: September 15, 2026
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: DeAnna Christensen, Director of Finance
SUBJECT: Monthly Investment Report – July 2026
CONTACT: Calogero Maniscalco, Senior Financial Analyst
[email protected], 209-577-5219
DESCRIPTION:

Consider accepting the Monthly Investment Report for July 2026. (Funding Source:

Various Funds)
STRATEGIC PLAN ELEMENT:

This recommended action supports the City’s 2025-2026 Strategic Plan Goal H:

Achieve Long-Term 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 #13..
- 404 -
City Council, October 13, 2026
Monthly Investment Report – July 2026

Attachment 2, on July 31, 2026, the City had a closing market value of $473,132,745 in its investment portfolio.

FISCAL IMPACT:

In July of this year, the approximate yield of the City’s combined investments was

4.26% (see attachment 3) on a weighted average. For the portfolio of securities alone, the yield to maturity on cost was 4.31%. For comparative purposes, the yields (as of July 31, 2026) of other investments commonly used by public agencies are listed below:

Local Agency Investment Fund: 3.84%
1-Year U.S. Treasury Note: 4.19%
2-Year U.S. Treasury Note: 4.27%

The Portfolio maintains sufficient liquidity to meet the City's projected expenditure requirements for at least the next six (6) months.

COMMITTEE RECOMMENDATION:

Because this item is being presented as informational to share the monthly Investment Report to Council and the public, it is not required to be reviewed by a Council Committee.

CEQA/NEPA REQUIREMENTS:

This item does not constitute a “project” within the meaning of California Environmental Quality Act (CEQA) Guidelines Section 15378 and requires no environmental review.

RECOMMENDED COUNCIL ACTION:

Staff Recommendations:

Motion accepting the Monthly Investment Report for July 2026.

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
#13..
- 405 -

PORTFOLIO HOLDINGS
Attachment 1
Percentages may not total to 100% due to rounding.

Sector Allocation
July 31, 2026 versus June 30, 2026
Sector July 31, 2026 June 30, 2026 Change in Allocation Permitted by Policy
U.S. Treasury 39.3% 35.4% 3.9% 100%
Federal Agency CMO 17.1% 16.0% 1.1% 100%
Negotiable CD 0.0% 0.7% -0.7% 30%
Corporate Note 26.0% 24.0% 1.9% 30%
Asset -Backed 14.6% 13.6% 1.0% 20%
Municipal 0.2% 0.2% 0.0% 100%
CAMP 2.7% 10.0% -7.3% 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 Fed left the federal funds target range unchanged at 3.50% to 3.75%, though the Committee remains divided as three policymakers dissented in favor of a 25 -basis -point (bp) increase. The dispersion of views within the Committee is notable, echoing the divided FOMC of the late 1970s and early 1980s — the last era of similarly persistent inflation.

Chair Kevin Warsh’s comments left the policy path open, balancing continued caution on inflation against optimism the AI capex cycle could support productivity, growth, and labor market stability. He pointed to higher Treasury yields since June as evidence financial conditions have tightened on their own, implying the market is doing some of the Fed's work as investors focus on the data and "play the ball, not the referee."
During the month, in the Long -Term Portfolio, we bought one U.S. Treasury security that matures in five years. We also bought one U.S. Treasury security that matures in one year in the Short -Term portfolio.

Investment Type No. of
Investments Amount Invested
CAMP 1 $12,806,262.80
Federal Agency CMO 29 $81,014,895.21
U.S. Treasury 40 $186,167,320.29
Negotiable CD 0 $0.00
Corporate Note 53 $122,889,649.56
Asset -Backed 43 $69,146,625.44
Municipal 1 $1,107,992.12
Total Invested 167 $473,132,745.42
#13..
- 406 -

Long -Term Portfolio Total Return
July 31, 2026
1 Month Trailing
12 Months
Trailing 36
Months
Trailing 60
Months
Since
Inception 5
City of Modesto Investment Portfolio 1,2,3-0.10% 3.16% 4.57% 1.81% 2.28% Modesto Performance Benchmark 4-0.04% 2.81% 4.18% 1.43% 1.98% Average Portfolio Yields
July 31, 2026
Past
Month
Past 3
Months
Past
Year
Past 3
Years
Past 5
Years
City of Modesto Investment Portfolio 4.31% 4.31% 4.25% 3.45% 2.85% City of Modesto Short -Term Portfolio 3.88% 3.88% 3.96% 4.73% -

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 BofA 1 -3 Year U.S. Treasury Index, and is now the ICE BofA 1 -5 Year U.S. Treasury Index, sourced from Bloomberg Finance L.P.

5. Inception date is 3/31/04.

PERFORMANCE
Yields on 3-month, 2 -year, and 10 -year U.S. Treasuries ended the month at 3.75%, 4.73%, and 5.27% representing changes of -6 bps, +12 bps, and +32 bps, respectively. Investment -grade (IG) corporate bonds broadly generated negative excess returns as spreads widened off historically low levels. Despite the widening, valuations remain rich. Conversely, spreads on asset -backed securities (ABS) diverged from IG corporates in July and tightened notably, resulting in the sector generating top -of-class performance for the month. Mortgage -backed securities (MBS) generated negative excess returns as higher volatility and higher longer -end yields weighed notably on the sector.

Both the portfolio and its benchmark returned negative performance in July. The portfolio underperformed the benchmark by 6 basis points (0.06%). Since inception, the portfolio continues to produce strong performance and has outperformed the benchmark by 30 basis points each year on average .

Detail may not add to total due to rounding
$26.7
$35.1
$50.1
$104.1
$137.0
$120.1
$0.0
$25.0
$50.0
$75.0
$100.0
$125.0
$150.0
Under 6 Months 6-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years Millions
Maturity Distribution
July 31, 2026
#13..
- 407 -

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

0.35%
Fiscal Year -to-Date Income Return

0.35 %
Prior 12 Months Income Return

3.98%
#13..
- 408 -

Economic Summary
Spending and Savings
Source: U.S. Census Bureau, and FRED as of June 2026 (top). Bloomberg Finance L.P and Bureau of Economic Analysis as of June 2026 (bottom).
$150
$170
$190
$210
$230
$250
2020 2022 2024 2026
Billions
Retail and Food Service Sales
Adjusted for Inflation
0%
5%
10%
15%
20%
25%
30%
35%
2020 2022 2024 2026
Personal Savings as % of Disposable Income
#13..
- 409 -

Source: Bureau of Labor Statistics. Bloomberg Finance L.P., as of July 2026. Data is seasonally adjusted. Monthly change in nonfarm payrolls and unemployed workers as of July 2026.

Economic Summary
Unemployment and Labor Force Participation Rates
53 9
155
33 134
237
-48
42 67
108
13 -20
64 -70
76 -140
41 -17
160
-156
214
148
63 20
-23
-250
-150
-50
50 150
250
350
Jul-24
Oct-24
Jan-25
Apr-25
Jul-25
Oct-25
Jan-26
Apr-26
Jul-26
Thousands
Monthly Change In
Nonfarm Payrolls
July -26

4.1%
3%
4%
5%
2022 2023 2024 2025 2026
Unemployment Rate
#13..
- 410 -

Source: ICE BofA Indices via Bloomberg Finance L.P., MarketAxess and PFMAM as of 8/6/2026. Spreads on Agency and 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
Sector Yield Spreads
-0.2%
-0.1%

0.0%

0.1%

0.2%

0.3%
Aug-24 Feb-25 Aug-25 Feb-26 Aug-26
Federal Agency Yield Spread

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%
Aug-24 Feb-25 Aug-25 Feb-26 Aug-26
1-5 Yr. AAA -A Corp

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%
Aug-24 Feb-25 Aug-25 Feb-26 Aug-26
Asset -Backed Securities AAA Yield Spreads
#13..
- 411 -

U.S. Treasury Yields
Source: Bloomberg Finance L.P., as of 7/31/2026.

Economic Summary

3.00%

3.50%

4.00%

4.50%

5.00%

5.50%
3 M
1 Y
2 Y
3 Y
4 Y
5 Y
10 Y
30 Y
Maturity
July 31, 2026
June 30, 2026
December 31, 2025
#13..
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The views expressed within this material constitute the perspective and judgment of U.S.

Bancorp Asset Management, Inc. at the time of distribution and are subject to change. Any forecast, projection, or prediction of the market, the economy, economic trends, and equity or fixed -income markets are based upon current opinion as of the date of issue and are also subject to change. Opinions and data presented are not necessarily indicative of future events or expected performance. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. No representation is made as to its accuracy or completeness.

PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investment advisory services. U.S.

Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc.

For more information regarding PFMAM’s services or entities, please visit www.pfmam.com.

Disclosures
#13..
- 413 -
CITY OF MODESTO - Combined Portfolio

ACCOUNT STATEMENT
For the Month Ending
July 31, 2026
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts

CITY OF MODESTO
ATTN: Accounts Payable
P.O. BOX 642
MODESTO, CA 95353
Client Management Team
Accounts included in Statement

CITY OF MODESTO

CITY OF MODESTO SHORT-TERM
Online Access https://www.pfmam.com Customer Service 1-717-232-2723 Monique Spyke
Managing Director
1 California Street Ste. 1000
San Francisco, CA 94111-5411
415-393-7270
[email protected]
#13..
- 414 -
For the Month Ending July 31, 2026
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

Average maturity represents the average maturity of all securities and investments of a portfolio, determined by multiplying the par or principal value of each security or investment by its maturity (days or years), summing the products, and dividing the sum by the total principal value of the portfolio. The stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.

Monthly distribution yield represents the net change in the value of one share (normally $1.00 per share) resulting from all dividends declared during the month by a fund expressed as a percentage of the value of one share at the beginning of the month. This resulting net change is then annualized by multiplying it by 365 and dividing it by the number of calendar days in the month.

YTM at Cost The yield to maturity at cost is the expected rate of return, based on the original cost, the annual interest receipts, maturity value and the time period from purchase date to maturity, stated as a percentage, on an annualized basis.

YTM at Market The yield to maturity at market is the rate of return, based on the current market value, the annual interest receipts, maturity value and the time period remaining until maturity, stated as a percentage, on an annualized basis.

Managed Account A portfolio of investments managed discretely by PFMAM according to the client’s specific investment policy and requirements. The investments are directly owned by the client and held by the client’s custodian.

Unsettled Trade A trade which has been executed however the final consummation of the security transaction and payment has not yet taken place.

Please review the detail pages of this statement carefully. If you think your statement is wrong, missing account information, or if you need more information about a transaction, please contact PFMAM within 60 days of receipt. If you have other concerns or questions regarding your account, or to request an updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.

PFM Asset Management
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE
This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.

Proxy Voting PFMAM does not normally receive proxies to vote on behalf of its clients.

However, it does on occasion receive consent requests. In the event a consent request is received the portfolio manager contacts the client and then proceeds according to their instructions. PFMAM’s Proxy Voting Policy is available upon request by contacting Service Operations at the address below.

Questions About an Account PFMAM’s monthly statement is intended to detail our investment advisory activity as well as the activity of any accounts held by clients in pools that are managed by PFMAM. The custodian bank maintains the control of assets and executes (i.e., settles) all investment transactions. The custodian statement is the official record of security and cash holdings and transactions. PFMAM recognizes that clients may use these reports to facilitate record keeping and that the custodian bank statement and the PFMAM statement should be reconciled and differences resolved.

Many custodians use a settlement date basis which may result in the need to reconcile due to a timing difference. If you do not receive a report from the custodian on at least a quarterly basis, please notify your relationship manager at your custodian and PFMAM.

Account Control PFMAM does not have the authority to withdraw funds from or deposit funds to the custodian outside the scope of services provided by PFMAM. Our clients retain responsibility for their internal accounting policies; implementing and enforcing internal controls and generating ledger entries or otherwise recording transactions.

Market Value Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may be differences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local government investment program is contained in the appropriate fund offering documentation or information statement.

Amortized Cost The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short term securities (those with less than one year to maturity at time of issuance) is amortized on a straightline basis. Such discount or premium with respect to longer term securities is amortized using the constant yield basis.

Tax Reporting Cost data and realized gains / losses are provided for informational purposes only. Please review for accuracy and consult your tax advisor to determine the tax consequences of your security transactions. PFMAM does not report such information to the IRS or other taxing authorities and is not responsible for the accuracy of such information that may be required to be reported to federal, state or other taxing authorities.

Financial Situation In order to better serve you, PFMAM should be promptly notified of any material change in your investment objective or financial situation.

Callable Securities Securities subject to redemption prior to maturity may be redeemed in whole or in part before maturity, which could affect the yield represented.

Portfolio The securities in this portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by PFMAM, the FDIC (except for certain non-negotiable certificates of deposit) or any government agency. Investment in securities involves risks, including the possible loss of the amount invested. Actual settlement values, accrued interest, and amortized cost amounts may vary for securities subject to an adjustable interest rate or subject to principal paydowns. Any changes to the values shown may be reflected within the next monthly statement’s beginning values.

Rating Information provided for ratings is based upon a good faith inquiry of selected sources, but its accuracy and completeness cannot be guaranteed.

Shares of some local government investment programs and TERM funds are distributed by representatives of USBAM's affiliate, U.S. Bancorp Investments, Inc. which is registered with the SEC as a broker/dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at 1-800-289-9999 or at the FINRA website address
https://www.finra.org/investors/investor-contacts. A brochure describing the FINRA Regulation Public Disclosure Program is also available from FINRA upon request.

Key Terms and Definitions
Dividends on local government investment program funds consist of interest earned, plus any discount ratably amortized to the date of maturity, plus all realized gains and losses on the sale of securities prior to maturity, less ratable amortization of any premium and all accrued expenses to the fund. Dividends are accrued daily and may be paid either monthly or quarterly. The monthly earnings on this statement represent the estimated dividend accrued for the month for any program that distributes earnings on a quarterly basis. There is no guarantee that the estimated amount will be paid on the actual distribution date.

Current Yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by
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For the Month Ending July 31, 2026
Account Statement
Consolidated Summary Statement
CITY OF MODESTO - Combined Portfolio
Investment Allocation
Investment Type Closing Market Value Percent
Asset-Backed Security 69,146,625.44 14.61
Corporate Note 110,433,356.79 23.34
Bank Note 5,993,518.00 1.27
Federal Agency Commercial Mortgage-Backed Security 81,014,895.21 17.12 Municipal Bond / Note 1,107,992.12 0.23
Corporate Note 6,462,774.77 1.37
U.S. Treasury Bond / Note 186,167,320.29 39.35
CAMP Pool 12,806,262.80 2.71
Total $473,132,745.42 100.00%
Portfolio Summary
and Income
Closing
Portfolio Holdings Market Value
Cash Dividends
PFMAM Managed Account 1,758,917.61 460,326,482.62
CAMP Pool 0.00 12,806,262.80
Total $1,758,917.61 $473,132,745.42
Maturity Distribution (Fixed Income Holdings)
Portfolio Holdings Closing Market Value Percent
12,806,262.80
11,217,725.10

0.00 2,654,073.22
35,128,109.13
50,079,990.89
104,063,772.68
137,041,828.29
120,140,983.31

0.00 2.72

2.38 0.00

0.56 7.42

10.58 21.99

28.96 25.39

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 $473,132,745.42
1,064
100.00%
Weighted Average Days to Maturity
Sector Allocation

14.61%
ABS

23.34%
Corporate Note

1.27%
Bank Note

17.12%
Federal Agency
Commercial
Mortgage-Backed
Security

0.23%
Muni Bond / Note

1.37%
Priv Placement
Bond

39.35%
US TSY Bond / Note

2.71%
CAMP Pool
PFM Asset Management Summary Page 1
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Managed Account Summary Statement For the Month Ending July 31, 2026 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)
$462,794,081.54
(16,241,831.95)

0.00 15,707,781.25

0.00 (1,933,548.22)
$460,326,482.62
1,806,681.32
(8,575.07)
(39,188.64)
$1,758,917.61
Total
463,983,815.61
3,563,967.19

0.00 16,241,831.95
1,806,681.32
(15,716,356.32)
(464,477,068.84)
(3,740,762.91)
Total Accrual Basis Earnings $1,662,108.00
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
14,495,000.00

0.00 1,806,681.32
1,746,831.95
(15,716,356.32)

0.00 0.00
Cash Balance
Closing Cash Balance $2,380,947.39
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 1 U.S. Bancorp Asset Management, Inc.
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Portfolio Summary and Statistics For the Month Ending July 31, 2026 CITY OF MODESTO - Combined Portfolio
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 188,912,000.00 186,167,320.29 40.45 Municipal Bond / Note 1,130,000.00 1,107,992.12 0.24
Federal Agency Commercial
Mortgage-Backed Security
80,916,527.88 81,014,895.21 17.60
Corporate Note 118,940,000.00 116,896,131.56 25.39
Bank Note 6,000,000.00 5,993,518.00 1.30
Asset-Backed Security 69,441,034.35 69,146,625.44 15.02 Managed Account Sub-Total 465,339,562.23 460,326,482.62 100.00% Accrued Interest 3,563,967.19
Total Portfolio 465,339,562.23 463,890,449.81
Unsettled Trades 0.00 0.00
Sector Allocation

15.02%
ABS

1.30%
Bank Note

23.99%
Corporate Note

17.60%
Federal Agency
Commercial
Mortgage-Backed
Security

0.24%
Muni Bond / Note

1.40%
Priv Placement
Bond

40.45%
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

3.01%

7.63%

10.88%

22.61%

29.77%

26.10%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1093

4.28%

4.43%
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 2 U.S. Bancorp Asset Management, Inc.
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Managed Account Issuer Summary For the Month Ending July 31, 2026 CITY OF MODESTO - Combined Portfolio
Credit Quality (S&P Ratings)

5.03%
A

7.63%
A+

1.96%
A2.20%
AA

62.25%
AA+

4.93%
AA12.06%
AAA

3.94%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Adobe Inc 2,892,126.37 0.63
Ally Auto Receivables Trust 856,804.24 0.19
Alphabet Inc 5,725,025.53 1.24
Amazon.com Inc 5,820,144.00 1.26
American Express Co 5,354,318.82 1.16
Apple Inc 6,036,578.58 1.31
BA Credit Card Trust 6,854,454.12 1.49
Bank of America Corp 8,053,736.32 1.75
Bank of New York Mellon Corp 6,122,789.38 1.33
BlackRock Inc 366,558.19 0.08
Capital One Financial Corp 3,487,562.61 0.76
Caterpillar Inc 3,153,504.73 0.69
Charles Schwab Corp 3,242,424.25 0.70
Chase Auto Owner Trust 2,704,044.94 0.59
Cisco Systems Inc 171,095.82 0.04
Citigroup Inc 9,770,425.36 2.12
Deere & Co 2,580,590.88 0.56
Depository Trust & Clearing Corp 6,462,774.77 1.40
Eli Lilly & Co 2,920,998.55 0.63
Federal Home Loan Mortgage Corp 77,914,828.65 16.93
Federal National Mortgage Association 3,100,066.56 0.67 Fifth Third Auto Trust 681,230.53 0.15
Ford Credit Auto Owner Trust 1,640,326.77 0.36
GM Financial Consumer Automobile Receiv 843,590.86 0.18 Home Depot Inc 3,550,651.60 0.77
Honda Auto Receivables Owner Trust 8,200,787.13 1.78
Hyundai Auto Receivables Trust 8,445,053.31 1.83
JPMorgan Chase & Co 15,452,438.78 3.36
Kenvue Inc 2,315,807.90 0.50
Kubota Credit Owner Trust 1,869,206.03 0.41
Mastercard Inc 6,430,586.50 1.40
Meta Platforms Inc 6,344,150.37 1.38
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 3 U.S. Bancorp Asset Management, Inc.
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Managed Account Issuer Summary For the Month Ending July 31, 2026 CITY OF MODESTO - Combined Portfolio
Issuer of Holdings Percent
Market Value
Microsoft Corp 2,986,071.00 0.65
Morgan Stanley 5,993,518.00 1.30
National Rural Utilities Cooperative Fi 1,535,259.50 0.33 Novartis AG 5,380,024.00 1.17
NVIDIA Corp 2,877,333.90 0.63
PACCAR Inc 1,138,816.26 0.25
PepsiCo Inc 2,664,698.99 0.58
Salesforce Inc 3,235,586.25 0.70
State of Hawaii 1,107,992.12 0.24
State Street Corp 1,898,324.20 0.41
Target Corp 361,502.21 0.08
TotalEnergies SE 4,150,690.25 0.90
Toyota Auto Receivables Owner Trust 7,443,157.00 1.62
Toyota Motor Corp 2,838,452.40 0.62
United States Treasury 186,167,320.29 40.44
USAA Auto Owner Trust 1,349,846.01 0.29
Verizon Master Trust 3,592,368.54 0.78
Visa Inc 4,825,349.04 1.05
Walmart Inc 1,415,490.21 0.31
Total $460,326,482.62 100.00%
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 4 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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
DTD 09/15/2023 4.625% 09/15/2026
91282CHY0 11,207,000.00 AA+ Aa1 09/12/25 09/15/25 11,308,563.44 3.69 195,779.89 11,219,534.00 11,217,725.10

US TREASURY N/B
DTD 05/15/2024 4.500% 05/15/2027
91282CKR1 11,210,000.00 AA+ Aa1 05/14/26 05/15/26 11,280,500.39 3.85 106,921.47 11,265,705.36 11,241,432.84

US TREASURY N/B
DTD 07/15/2024 4.375% 07/15/2027
91282CKZ3 11,210,000.00 AA+ Aa1 07/14/26 07/15/26 11,240,652.34 4.09 22,656.08 11,239,254.84 11,233,204.70

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 915,000.00 AA+ Aa1 12/06/22 12/08/22 927,724.22 3.81 9,538.50 918,245.10 914,142.65

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 3,160,000.00 AA+ Aa1 12/13/22 12/14/22 3,229,495.31 3.63 32,941.71 3,177,783.31 3,157,039.08

US TREASURY N/B
DTD 11/02/2020 0.500% 10/31/2027
91282CAU5 7,525,000.00 AA+ Aa1 01/04/23 01/06/23 6,408,301.76 3.91 9,508.49 7,235,509.15 7,190,491.18

US TREASURY N/B
DTD 01/03/2023 3.875% 12/31/2027
91282CGC9 4,250,000.00 AA+ Aa1 06/01/23 06/05/23 4,266,933.59 3.78 14,320.65 4,255,242.31 4,228,750.00

US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
91282CBJ9 115,000.00 AA+ Aa1 01/31/23 01/31/23 99,825.39 3.66 2.34 110,445.96 109,232.06

US TREASURY N/B
DTD 01/31/2023 3.500% 01/31/2028
91282CGH8 595,000.00 AA+ Aa1 05/16/23 05/18/23 594,535.16 3.52 56.59 594,851.81 588,562.10

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 1,245,000.00 AA+ Aa1 03/03/23 03/07/23 1,231,188.28 4.25 20,840.22 1,240,621.23 1,240,185.59

US TREASURY N/B
DTD 03/31/2021 1.250% 03/31/2028
91282CBS9 880,000.00 AA+ Aa1 05/08/23 05/09/23 791,965.63 3.49 3,696.72 850,064.37 837,959.76

US TREASURY N/B
DTD 04/15/2025 3.750% 04/15/2028
91282CMW8 1,220,000.00 AA+ Aa1 04/13/26 04/14/26 1,218,713.28 3.81 13,500.00 1,218,901.11 1,209,706.86

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 225,000.00 AA+ Aa1 05/03/23 05/04/23 226,028.32 3.40 1,990.15 225,359.88 222,108.30

US TREASURY N/B
DTD 05/15/2025 3.750% 05/15/2028
91282CND9 545,000.00 AA+ Aa1 01/21/26 01/22/26 546,639.26 3.61 4,331.86 546,279.96 540,124.98 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 5 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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
DTD 11/15/2018 3.125% 11/15/2028
9128285M8 510,000.00 AA+ Aa1 01/21/26 01/22/26 503,027.34 3.64 3,378.06 504,275.26 497,050.59

US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
91282CKX8 1,095,000.00 AA+ Aa1 07/01/24 07/02/24 1,086,359.77 4.43 4,046.74 1,089,734.86 1,092,305.21

US TREASURY N/B
DTD 07/31/2024 4.000% 07/31/2029
91282CLC3 2,105,000.00 AA+ Aa1 08/01/24 08/02/24 2,119,636.33 3.85 228.80 2,114,118.55 2,085,265.63

US TREASURY N/B
DTD 09/03/2024 3.625% 08/31/2029
91282CLK5 7,550,000.00 AA+ Aa1 09/04/24 09/05/24 7,565,630.86 3.58 114,532.27 7,560,002.71 7,394,870.15

US TREASURY N/B
DTD 09/30/2024 3.500% 09/30/2029
91282CLN9 8,695,000.00 AA+ Aa1 10/02/24 10/03/24 8,670,205.66 3.56 102,273.16 8,678,802.26 8,479,320.52

US TREASURY N/B
DTD 10/31/2024 4.125% 10/31/2029
91282CLR0 4,850,000.00 AA+ Aa1 11/01/24 11/04/24 4,838,064.45 4.18 50,559.27 4,841,966.45 4,816,088.80

US TREASURY N/B
DTD 12/02/2024 4.125% 11/30/2029
91282CMA6 6,315,000.00 AA+ Aa1 12/05/24 12/06/24 6,326,347.27 4.08 44,127.36 6,322,847.82 6,269,361.50

US TREASURY N/B
DTD 12/31/2024 4.375% 12/31/2029
91282CMD0 12,365,000.00 AA+ Aa1 01/06/25 01/07/25 12,337,468.55 4.43 47,040.76 12,345,500.94 12,367,411.17

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 3,470,000.00 AA+ Aa1 02/04/25 02/05/25 3,457,123.04 4.33 400.75 3,460,690.45 3,456,040.19

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 5,215,000.00 AA+ Aa1 06/04/25 06/05/25 5,274,279.88 3.98 602.28 5,260,548.62 5,194,020.06

US TREASURY N/B
DTD 02/28/2023 4.000% 02/28/2030
91282CGQ8 8,565,000.00 AA+ Aa1 03/04/25 03/05/25 8,580,724.80 3.96 143,370.65 8,576,617.37 8,460,952.38

US TREASURY N/B
DTD 03/31/2025 4.000% 03/31/2030
91282CMU2 10,775,000.00 AA+ Aa1 04/01/25 04/02/25 10,828,875.00 3.89 144,844.26 10,815,539.83 10,638,211.38

US TREASURY N/B
DTD 04/30/2025 3.875% 04/30/2030
91282CMZ1 4,690,000.00 AA+ Aa1 03/19/26 03/20/26 4,694,030.47 3.85 45,928.23 4,693,697.16 4,608,473.73

US TREASURY N/B
DTD 05/31/2023 3.750% 05/31/2030
91282CHF1 5,400,000.00 AA+ Aa1 06/04/25 06/05/25 5,339,039.06 4.00 34,303.28 5,352,145.76 5,279,763.60 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 6 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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
DTD 06/30/2025 3.875% 06/30/2030
91282CNK3 1,805,000.00 AA+ Aa1 07/01/25 07/01/25 1,810,429.10 3.81 6,082.07 1,809,337.95 1,771,578.62

US TREASURY N/B
DTD 07/31/2025 3.875% 07/31/2030
91282CNN7 3,780,000.00 AA+ Aa1 08/01/25 08/05/25 3,761,395.31 3.98 398.03 3,764,802.67 3,708,535.32

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 16,460,000.00 AA+ Aa1 09/02/25 09/03/25 16,372,556.25 3.74 249,695.52 16,387,370.07 15,984,207.24

US TREASURY N/B
DTD 09/30/2025 3.625% 09/30/2030
91282CPA3 1,225,000.00 AA+ Aa1 10/01/25 10/02/25 1,221,554.69 3.69 14,923.41 1,222,088.98 1,189,111.18

US TREASURY N/B
DTD 09/30/2025 3.625% 09/30/2030
91282CPA3 1,500,000.00 AA+ Aa1 10/30/25 10/31/25 1,493,554.69 3.72 18,273.57 1,494,470.93 1,456,054.50

US TREASURY N/B
DTD 12/01/2025 3.500% 11/30/2030
91282CPN5 7,075,000.00 AA+ Aa1 12/03/25 12/05/25 7,034,650.39 3.63 41,947.40 7,039,576.64 6,822,401.28

US TREASURY N/B
DTD 12/31/2025 3.625% 12/31/2030
91282CPR6 695,000.00 AA+ Aa1 01/02/26 01/05/26 691,606.44 3.73 2,190.76 691,966.77 673,227.04

US TREASURY N/B
DTD 02/02/2026 3.750% 01/31/2031
91282CPW5 3,845,000.00 AA+ Aa1 02/05/26 02/10/26 3,844,849.80 3.75 391.81 3,844,873.79 3,741,065.80

US TREASURY N/B
DTD 02/02/2026 3.750% 01/31/2031
91282CPW5 4,960,000.00 AA+ Aa1 02/04/26 02/05/26 4,944,693.75 3.82 505.43 4,946,081.53 4,825,926.24

US TREASURY N/B
DTD 03/02/2026 3.500% 02/28/2031
91282CQD6 5,250,000.00 AA+ Aa1 03/13/26 03/16/26 5,163,867.19 3.87 76,895.38 5,169,841.58 5,053,944.00

US TREASURY N/B
DTD 04/30/2024 4.625% 04/30/2031
91282CKN0 1,915,000.00 AA+ Aa1 06/26/26 06/30/26 1,955,394.53 4.14 22,382.86 1,954,740.32 1,931,233.46

US TREASURY N/B
DTD 06/30/2026 4.125% 06/30/2031
91282CQX2 4,500,000.00 AA+ Aa1 07/16/26 07/17/26 4,467,128.91 4.29 16,141.30 4,467,386.61 4,440,235.50 Security Type Sub-Total 188,912,000.00 187,753,559.90 3.90 1,621,548.08 188,506,824.27 186,167,320.29 Municipal Bond / Note

HAWAII ST-TXBL-GP (CALLABLE)
DTD 04/30/2026 4.212% 04/01/2031
419792S23 1,130,000.00 AA+ Aa2 04/16/26 04/30/26 1,130,000.00 4.21 12,031.11 1,130,000.00 1,107,992.12 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 7 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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 1,130,000.00 1,130,000.00 4.21 12,031.11 1,130,000.00 1,107,992.12 Federal Agency Commercial Mortgage-Backed Security
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 2,301,872.88 AA+ Aa1 05/19/23 05/24/23 2,231,018.35 4.29 6,420.31 2,295,467.29 2,292,571.01 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 4,000,000.00 AA+ Aa1 08/16/23 08/18/23 3,773,125.00 4.94 10,746.67 3,959,068.04 3,974,904.00 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 2,275,000.00 AA+ Aa1 08/16/23 08/18/23 2,144,987.30 4.93 6,148.19 2,249,134.62 2,256,818.20 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
3137F2LJ3 3,470,476.86 AA+ Aa1 08/17/23 08/22/23 3,245,438.12 4.97 9,014.56 3,417,756.26 3,435,678.39 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
3137HAMR4 3,122,760.63 AA+ Aa1 09/20/23 09/28/23 3,073,755.14 5.19 12,491.04 3,102,371.81 3,132,943.95 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
3137HAMG8 1,824,811.86 AA+ Aa1 09/07/23 09/14/23 1,797,521.79 5.01 7,071.15 1,813,429.27 1,827,070.98 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 1,745,546.78 AA+ Aa1 07/19/23 07/27/23 1,745,503.15 4.78 6,948.73 1,745,529.89 1,749,187.99 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 3,493,000.14 AA+ Aa1 07/13/23 07/20/23 3,527,888.23 4.59 14,027.31 3,506,444.31 3,503,482.63 FNA 2023-M6 A2
DTD 07/01/2023 4.172% 07/01/2028
3136BQDE6 3,125,312.84 AA+ Aa1 07/18/23 07/31/23 3,072,329.02 4.58 10,865.57 3,104,225.60 3,100,066.56 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 1,030,858.27 AA+ Aa1 09/19/23 09/28/23 1,030,853.11 5.27 4,528.90 1,030,856.24 1,034,354.94 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 3,800,000.00 AA+ Aa1 09/07/23 09/14/23 3,743,786.60 4.99 14,725.00 3,774,709.78 3,800,106.40 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 3,850,000.00 AA+ Aa1 10/11/23 10/19/23 3,765,546.40 5.25 15,207.50 3,811,203.20 3,853,942.40 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 8 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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 Commercial Mortgage-Backed Security
FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 2,890,000.00 AA+ Aa1 10/25/23 10/31/23 2,797,858.13 5.60 11,680.42 2,845,608.94 2,899,687.28 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 3,800,000.00 AA+ Aa1 09/20/23 09/28/23 3,754,578.60 5.07 15,200.00 3,778,617.02 3,810,970.60 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 1,465,000.00 AA+ Aa1 11/14/23 11/21/23 1,460,764.69 5.14 6,188.40 1,462,940.27 1,476,273.17 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 2,125,000.00 AA+ Aa1 11/28/23 12/07/23 2,118,894.88 4.93 8,606.25 2,122,014.23 2,132,416.25 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 1,781,887.63 AA+ Aa1 12/11/23 12/21/23 1,798,526.90 4.79 7,424.53 1,790,231.48 1,793,836.97 FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
3137HBFY5 2,190,000.00 AA+ Aa1 01/10/24 01/18/24 2,211,875.91 4.50 8,621.30 2,201,283.69 2,191,903.11 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 2,220,000.00 AA+ Aa1 02/01/24 02/08/24 2,242,197.78 4.34 8,458.20 2,231,546.24 2,216,305.92 FHMS K518 A2
DTD 03/01/2024 5.400% 01/01/2029
3137HC2L5 2,715,000.00 AA+ Aa1 03/19/24 03/28/24 2,780,553.68 4.83 12,217.50 2,751,311.03 2,758,510.59 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
3137HC2C5 3,355,000.00 AA+ Aa1 03/05/24 03/14/24 3,455,603.03 4.67 14,971.69 3,409,391.06 3,402,614.16 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
3137HBPD0 3,750,000.00 AA+ Aa1 02/14/24 02/22/24 3,851,025.00 4.79 16,875.00 3,804,088.35 3,804,401.25 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
3137HBPM0 3,750,000.00 AA+ Aa1 02/29/24 03/07/24 3,862,488.75 4.79 17,115.63 3,810,683.44 3,815,193.75 FHMS K520 A2
DTD 04/01/2024 5.180% 03/01/2029
3137HCKV3 2,125,000.00 AA+ Aa1 04/23/24 04/30/24 2,133,625.38 5.09 9,172.92 2,130,019.06 2,148,315.50 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 3,245,000.00 AA+ Aa1 07/16/24 07/25/24 3,264,927.54 4.58 12,763.67 3,257,369.23 3,249,345.06 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 3,500,000.00 AA+ Aa1 08/07/24 08/15/24 3,532,739.00 4.33 13,250.42 3,520,632.22 3,487,130.50 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 9 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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 Commercial Mortgage-Backed Security
FHMS K530 A2
DTD 11/01/2024 4.792% 09/01/2029
3137HHJL6 3,980,000.00 AA+ Aa1 11/19/24 11/27/24 4,000,723.86 4.67 15,893.47 3,994,290.83 3,989,914.18 FHMS K557 A2
DTD 03/01/2026 3.936% 01/01/2031
3137HQSP7 1,985,000.00 AA+ Aa1 03/03/26 03/12/26 1,984,962.28 3.94 6,510.80 1,984,967.29 1,923,667.47 FHMS K558 A2
DTD 03/01/2026 4.130% 03/01/2031
3137HQSV4 2,000,000.00 AA+ Aa1 03/17/26 03/26/26 2,005,200.00 4.07 6,883.33 2,004,947.98 1,953,282.00 Security Type Sub-Total 80,916,527.88 80,408,297.62 4.80 310,028.46 80,910,138.67 81,014,895.21 Corporate Note

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 365,000.00 A A2 01/19/22 01/24/22 364,379.50 1.99 316.33 364,943.18 361,502.21

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 3,000,000.00 AAA Aaa 12/14/22 12/16/22 2,914,170.00 4.06 48,125.00 2,989,343.25 2,986,071.00

HOME DEPOT INC (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
437076BT8 3,610,000.00 A A2 01/26/23 01/30/23 3,405,674.00 4.16 38,466.56 3,560,514.80 3,550,651.60

JPMORGAN CHASE & CO (CALLABLE)
DTD 02/24/2022 2.947% 02/24/2028
46647PCW4 1,535,000.00 A A1 09/14/23 09/18/23 1,403,557.95 5.13 19,728.12 1,488,632.91 1,521,582.57

KENVUE INC (CALLABLE)
DTD 10/17/2023 5.050% 03/22/2028
49177JAF9 2,300,000.00 A A2 06/27/25 06/30/25 2,354,303.00 4.12 41,620.42 2,332,703.51 2,315,807.90

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 495,000.00 A A1 07/13/23 07/14/23 501,732.00 4.64 1,157.06 497,629.22 499,957.92

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 895,000.00 A A1 07/14/23 07/18/23 903,690.45 4.73 2,092.06 898,401.66 903,964.32

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 1,165,000.00 A A1 07/11/23 07/14/23 1,163,264.15 4.98 2,723.19 1,164,322.05 1,176,668.64

PACCAR FINANCIAL CORP
DTD 08/10/2023 4.950% 08/10/2028
69371RS64 1,130,000.00 A+ A1 08/17/23 08/21/23 1,122,914.90 5.09 26,569.13 1,127,112.89 1,138,816.26

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 08/25/2025 4.150% 08/25/2028
63743HFZ0 1,550,000.00 NR A2 08/19/25 08/25/25 1,548,264.00 4.19 27,874.17 1,548,782.02 1,535,259.50 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 10 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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

TOYOTA MOTOR CREDIT CORP
DTD 09/11/2023 5.250% 09/11/2028
89236TLB9 2,800,000.00 A+ A1 09/06/23 09/11/23 2,795,128.00 5.29 57,166.67 2,797,791.42 2,838,452.40

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 5,650,000.00 A+ Aa3 09/26/23 09/29/23 5,650,000.00 5.80 111,111.33 5,650,000.00 5,795,990.35

BANK OF AMERICA CORP (CALLABLE)
DTD 01/24/2025 4.979% 01/24/2029
06051GMK2 2,060,000.00 A- A1 04/01/25 04/02/25 2,082,824.80 4.66 1,994.37 2,072,385.56 2,067,788.86

ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
02079KBJ5 610,000.00 AA+ Aa2 02/09/26 02/13/26 607,785.70 3.83 10,532.67 608,113.57 597,479.14

ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
02079KBJ5 655,000.00 AA+ Aa2 02/10/26 02/13/26 654,299.15 3.74 11,309.67 654,404.08 641,555.47

ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
02079KBJ5 655,000.00 AA+ Aa2 02/10/26 02/13/26 654,351.55 3.74 11,309.67 654,448.09 641,555.47

ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
02079KBJ5 3,925,000.00 AA+ Aa2 02/10/26 02/13/26 3,920,996.50 3.74 67,771.67 3,921,598.56 3,844,435.45

STATE STREET CORP (CALLABLE)
DTD 08/20/2024 4.530% 02/20/2029
857477CN1 1,900,000.00 A Aa3 08/14/24 08/20/24 1,900,000.00 4.53 38,492.42 1,900,000.00 1,898,324.20

CATERPILLAR FINL SERVICE
DTD 02/24/2026 3.750% 02/23/2029
14913UBJ8 2,790,000.00 A A1 02/18/26 02/24/26 2,786,317.20 3.80 45,628.13 2,786,828.90 2,733,893.10

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 170,000.00 AA- A1 11/12/25 11/13/25 174,462.50 3.99 3,549.93 173,513.12 171,095.82

BLACKROCK INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 365,000.00 AA- Aa3 03/05/24 03/14/24 364,339.35 4.74 6,528.43 364,635.55 366,558.19

SALESFORCE INC (CALLABLE)
DTD 03/13/2026 4.650% 03/15/2029
79466LAR5 3,250,000.00 A+ A2 03/11/26 03/13/26 3,249,285.00 4.66 57,931.25 3,249,373.32 3,235,586.25

DEPOSITORY TRUST COMPANY (CALLABLE)
DTD 03/27/2026 4.300% 03/27/2029
249672AC0 5,500,000.00 AA+ Aa1 04/06/26 04/07/26 5,505,115.00 4.27 81,461.11 5,504,589.15 5,451,765.00

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 1,295,000.00 A+ A1 04/03/24 04/05/24 1,296,709.40 4.77 20,202.00 1,295,952.10 1,302,714.31 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 11 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 1,580,000.00 A+ A1 04/01/24 04/04/24 1,577,645.80 4.83 24,648.00 1,578,671.60 1,589,412.06

BANK OF NEW YORK MELLON (CALLABLE)
DTD 04/22/2025 4.729% 04/20/2029
06405LAH4 2,700,000.00 AA- Aa2 05/06/25 05/07/25 2,727,216.00 4.45 35,822.18 2,716,259.30 2,705,540.40

PEPSICO INC (CALLABLE)
DTD 07/17/2024 4.500% 07/17/2029
713448FX1 1,935,000.00 A+ A1 07/15/24 07/17/24 1,932,000.75 4.53 3,386.25 1,933,148.54 1,934,436.92

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 660,000.00 AA- Aa3 08/12/24 08/14/24 658,554.60 4.25 12,859.00 659,087.96 653,511.54

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 2,290,000.00 AA- Aa3 08/13/24 08/14/24 2,293,343.40 4.17 44,616.83 2,292,114.76 2,267,487.01

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/22/2026 4.026% 01/22/2030
06406RCG0 1,165,000.00 A Aa3 01/14/26 01/22/26 1,165,000.00 4.03 1,172.57 1,165,000.00 1,145,638.87

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/22/2026 4.026% 01/22/2030
06406RCG0 2,310,000.00 A Aa3 01/27/26 01/28/26 2,305,934.40 4.07 2,325.02 2,306,418.87 2,271,610.11

PEPSICO INC (CALLABLE)
DTD 02/07/2025 4.600% 02/07/2030
713448GB8 730,000.00 A+ A1 02/05/25 02/07/25 728,773.60 4.64 16,230.33 729,109.39 730,262.07

APPLE INC (CALLABLE)
DTD 05/11/2020 1.650% 05/11/2030
037833DU1 1,834,000.00 AA+ Aaa 07/01/25 07/02/25 1,631,563.08 4.18 6,724.67 1,673,155.26 1,646,502.84

APPLE INC (CALLABLE)
DTD 05/11/2020 1.650% 05/11/2030
037833DU1 4,890,000.00 AA+ Aaa 07/01/25 07/02/25 4,349,801.70 4.19 17,930.00 4,460,786.34 4,390,075.74

CHARLES SCHWAB CORP (CALLABLE)
DTD 05/21/2026 4.744% 05/21/2030
808513CQ6 770,000.00 A- A2 05/18/26 05/21/26 770,000.00 4.74 7,102.82 770,000.00 768,205.13

CHARLES SCHWAB CORP (CALLABLE)
DTD 05/21/2026 4.744% 05/21/2030
808513CQ6 2,480,000.00 A- A2 05/19/26 05/21/26 2,478,760.00 4.76 22,876.62 2,478,821.82 2,474,219.12

JPMORGAN CHASE & CO (CALLABLE)
DTD 07/22/2024 4.995% 07/22/2030
46647PEJ1 4,330,000.00 A A1 03/17/26 03/18/26 4,411,620.50 4.51 5,407.09 4,405,295.06 4,337,685.75

NOVARTIS CAPITAL CORP (CALLABLE)
DTD 11/05/2025 4.100% 11/05/2030
66989HAY4 5,525,000.00 AA- Aa3 11/03/25 11/05/25 5,508,425.00 4.17 54,114.31 5,510,687.26 5,380,024.00 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 12 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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

CATERPILLAR FINL SERVICE
DTD 01/08/2026 4.150% 01/08/2031
14913UBH2 430,000.00 A A1 01/05/26 01/08/26 429,845.20 4.16 1,140.10 429,861.96 419,611.63

TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 1,790,000.00 A+ Aa3 01/06/26 01/13/26 1,790,000.00 4.25 3,801.96 1,790,000.00 1,748,173.07

TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 2,460,000.00 A+ Aa3 01/07/26 01/13/26 2,465,805.60 4.20 5,225.04 2,465,221.58 2,402,517.18

VISA INC (CALLABLE)
DTD 02/12/2026 4.100% 02/12/2031
92826CAZ5 4,920,000.00 AA- Aa3 03/03/26 03/04/26 4,961,180.40 3.91 94,696.33 4,958,024.51 4,825,349.04

BANK OF AMERICA CORP (CALLABLE)
DTD 02/13/2020 2.496% 02/13/2031
06051GHZ5 4,060,000.00 A- A1 03/16/26 03/17/26 3,763,335.80 4.16 47,290.88 3,783,790.10 3,729,678.40 AMAZON.COM INC (CALLABLE)
DTD 03/13/2026 4.250% 03/13/2031
023135DD5 6,000,000.00 AA A1 05/12/26 05/13/26 5,926,980.00 4.53 97,750.00 5,929,943.35 5,820,144.00

DEPOSITORY TRUST COMPANY (CALLABLE)
DTD 03/27/2026 4.550% 03/27/2031
249672AA4 1,025,000.00 AA+ Aa1 03/23/26 03/27/26 1,024,139.00 4.57 16,064.03 1,024,195.97 1,011,009.77

WALMART INC (CALLABLE)
DTD 04/30/2026 4.150% 04/30/2031
931142FT5 1,445,000.00 AA Aa2 04/27/26 04/30/26 1,441,907.70 4.20 15,158.45 1,442,055.65 1,415,490.21

META PLATFORMS INC (CALLABLE)
DTD 05/04/2026 4.550% 05/15/2031
30303MAF9 2,221,000.00 AA- Aa3 06/03/26 06/04/26 2,208,073.78 4.68 24,421.75 2,208,453.30 2,167,413.93

META PLATFORMS INC (CALLABLE)
DTD 05/04/2026 4.550% 05/15/2031
30303MAF9 4,280,000.00 AA- Aa3 06/03/26 06/04/26 4,255,646.80 4.68 47,062.17 4,256,346.84 4,176,736.44

MASTERCARD INC (CALLABLE)
DTD 06/08/2026 4.600% 06/08/2031
57636QBL7 1,000,000.00 A+ Aa3 06/09/26 06/10/26 998,630.00 4.63 6,772.22 998,666.71 989,321.00

MASTERCARD INC (CALLABLE)
DTD 06/08/2026 4.600% 06/08/2031
57636QBL7 1,580,000.00 A+ Aa3 06/09/26 06/10/26 1,577,551.00 4.64 10,700.11 1,577,615.03 1,563,127.18

MASTERCARD INC (CALLABLE)
DTD 06/08/2026 4.600% 06/08/2031
57636QBL7 3,920,000.00 A+ Aa3 06/04/26 06/08/26 3,916,864.00 4.62 26,547.11 3,916,947.39 3,878,138.32

NVIDIA CORP (CALLABLE)
DTD 06/18/2026 4.500% 06/15/2031
67066GAR5 2,940,000.00 AA Aa1 06/15/26 06/18/26 2,934,414.00 4.54 15,802.50 2,934,543.53 2,877,333.90 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 13 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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 118,940,000.00 117,556,576.21 4.44 1,401,309.70 118,000,240.99 116,896,131.56 Bank Note

MORGAN STANLEY BANK NA (CALLABLE)
DTD 05/30/2024 5.504% 05/26/2028
61690U8B9 1,360,000.00 A+ Aa3 05/28/24 05/30/24 1,360,000.00 5.50 13,515.38 1,360,000.00 1,369,257.52

MORGAN STANLEY BANK NA (CALLABLE)
DTD 05/30/2024 5.504% 05/26/2028
61690U8B9 2,640,000.00 A+ Aa3 05/30/24 05/31/24 2,645,570.40 5.45 26,235.73 2,641,502.87 2,657,970.48

MORGAN STANLEY PVT BANK (CALLABLE)
DTD 02/02/2026 4.213% 02/08/2030
61776NU43 2,000,000.00 A+ Aa3 02/04/26 02/05/26 2,000,700.00 4.20 41,895.94 2,000,596.49 1,966,290.00 Security Type Sub-Total 6,000,000.00 6,006,270.40 5.05 81,647.05 6,002,099.36 5,993,518.00 Asset-Backed Security
KCOT 2023-2A A3
DTD 07/26/2023 5.280% 01/18/2028
500945AC4 314,557.61 NR Aaa 07/18/23 07/26/23 314,478.16 5.29 738.16 314,531.64 315,603.83 BAAT 2023-1A A3
DTD 07/31/2023 5.530% 02/15/2028
06428AAC2 260,525.05 NR Aaa 07/25/23 07/31/23 260,515.18 5.53 640.31 260,521.71 261,300.12 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 471,317.34 AAA NR 08/15/23 08/22/23 471,220.15 5.42 920.77 471,283.84 473,056.50 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
89231FAD2 194,958.41 AAA NR 08/08/23 08/15/23 194,914.31 5.17 447.10 194,942.25 195,511.89 USAOT 2023-A A3
DTD 09/15/2023 5.580% 05/15/2028
90291VAC4 393,162.41 AAA Aaa 09/07/23 09/15/23 393,093.60 5.58 975.04 393,134.35 394,160.25 BAAT 2023-2A A3
DTD 11/21/2023 5.740% 06/15/2028
06054YAC1 889,472.96 NR Aaa 11/15/23 11/21/23 889,456.86 5.74 2,269.14 889,466.65 893,442.68 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 360,992.38 AAA NR 11/07/23 11/14/23 360,953.47 5.54 888.84 360,975.02 363,362.66 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 678,769.99 AAA Aaa 08/15/23 08/23/23 678,727.91 5.53 1,668.27 678,752.75 681,230.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 3,020,000.00 AAA NR 09/07/23 09/15/23 3,019,162.86 5.17 6,925.87 3,019,618.33 3,024,530.00 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 14 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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
AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 3,090,000.00 AAA NR 09/12/23 09/19/23 3,089,861.88 5.23 7,182.53 3,089,938.05 3,095,058.33 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 458,731.17 AAA NR 11/03/23 11/13/23 458,670.85 5.54 1,129.50 458,702.63 461,220.70 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 1,365,000.00 NR Aaa 12/07/23 12/14/23 1,364,816.68 4.98 3,021.20 1,364,911.59 1,368,707.34 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 163,547.02 NR Aaa 01/09/24 01/17/24 163,514.13 4.85 330.50 163,530.14 163,978.46 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/15/2029
161571HV9 3,390,000.00 AAA NR 01/24/24 01/31/24 3,389,483.70 4.60 6,930.67 3,389,732.87 3,396,759.66 KCOT 2025-1A A3
DTD 02/19/2025 4.670% 06/15/2029
50117FAC5 1,550,000.00 NR Aaa 02/11/25 02/19/25 1,549,946.84 4.67 3,217.11 1,549,966.72 1,553,602.20 HART 2025-A A3
DTD 03/12/2025 4.320% 10/15/2029
44935CAD3 2,525,000.00 AAA NR 03/04/25 03/12/25 2,524,627.56 4.32 4,848.00 2,524,735.89 2,525,411.58 HART 2025-B A3
DTD 06/11/2025 4.360% 12/17/2029
44935XAD7 960,000.00 AAA NR 06/03/25 06/11/25 959,913.31 4.36 1,860.27 959,933.78 959,800.32 USAOT 2025-A A3
DTD 10/09/2025 3.950% 12/17/2029
90327HAC3 960,000.00 AAA Aaa 10/02/25 10/09/25 959,915.71 3.95 1,685.33 959,933.32 955,685.76 HAROT 2025-3 A3
DTD 08/12/2025 4.040% 02/21/2030
43813QAD1 2,355,000.00 AAA Aaa 08/05/25 08/12/25 2,354,950.78 4.04 2,642.83 2,354,961.05 2,343,276.81 ALLYA 2025-1 A3
DTD 10/16/2025 3.960% 03/15/2030
02008KAC7 860,000.00 AAA NR 10/07/25 10/16/25 859,877.19 3.96 1,513.60 859,898.59 856,804.24 TAOT 2025-C A3
DTD 07/30/2025 4.110% 03/15/2030
89238VAD0 1,635,000.00 AAA Aaa 07/22/25 07/30/25 1,634,827.67 4.11 2,986.60 1,634,862.66 1,629,025.71 HART 2025-C A3
DTD 09/17/2025 3.880% 04/15/2030
44935JAD8 2,040,000.00 AAA NR 09/09/25 09/17/25 2,039,667.07 3.88 3,517.87 2,039,732.86 2,023,686.12 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 680,000.00 AAA Aaa 05/06/25 05/14/25 679,899.90 4.28 1,212.67 679,923.18 679,612.40 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 15 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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
BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 1,830,000.00 AAA NR 06/05/25 06/12/25 1,829,993.05 4.31 3,505.47 1,830,000.00 1,826,270.46 HAROT 2025-4 A3
DTD 11/12/2025 3.980% 06/17/2030
43814XAD5 1,745,000.00 AAA NR 11/05/25 11/12/25 1,744,662.17 3.98 3,086.71 1,744,712.02 1,731,216.25 TAOT 2025-D A3
DTD 10/23/2025 3.840% 06/17/2030
89231GAD0 2,575,000.00 AAA NR 10/15/25 10/23/25 2,574,703.88 3.84 4,394.67 2,574,749.89 2,553,573.43 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
17305EHA6 3,990,000.00 AAA Aaa 06/18/25 06/26/25 3,988,917.51 4.31 19,063.33 3,989,137.16 3,974,435.01 CHAOT 2025-1A A3
DTD 07/30/2025 4.290% 06/25/2030
16145NAC5 1,135,000.00 NR Aaa 07/23/25 07/30/25 1,134,889.11 4.29 811.53 1,134,910.47 1,133,470.02 COPAR 2025-1 A3
DTD 11/05/2025 3.850% 07/15/2030
14043YAD7 965,000.00 AAA NR 10/28/25 11/05/25 964,795.61 3.85 1,651.22 964,826.77 955,658.80 AMXCA 2025-4 A
DTD 07/22/2025 4.300% 07/15/2030
02582JKV1 2,265,000.00 AAA NR 07/15/25 07/22/25 2,264,673.61 4.30 4,328.67 2,264,736.81 2,259,260.49 CHAIT 2025-A1 A
DTD 07/25/2025 4.160% 07/15/2030
161571HZ0 3,190,000.00 AAA NR 07/18/25 07/25/25 3,189,935.88 4.16 5,897.96 3,189,953.52 3,171,880.80 COMET 2025-A1 A
DTD 09/16/2025 3.820% 09/15/2030
14041NGF2 2,565,000.00 AAA NR 09/09/25 09/16/25 2,564,513.68 3.82 4,354.80 2,564,599.50 2,531,903.81 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
89240KAD0 1,040,000.00 AAA Aaa 01/13/26 01/21/26 1,039,911.39 3.86 1,784.18 1,039,920.79 1,028,724.32 HART 2025-D A3
DTD 11/12/2025 3.990% 09/16/2030
44891XAD9 1,810,000.00 AAA NR 11/05/25 11/12/25 1,809,846.87 3.99 3,209.73 1,809,869.39 1,794,819.53 HAROT 2026-1 A3
DTD 02/18/2026 3.780% 09/23/2030
43815CAD0 1,005,000.00 NR Aaa 02/10/26 02/18/26 1,004,839.90 3.78 1,055.25 1,004,857.57 991,345.07 BAAT 2026-1A A3
DTD 04/24/2026 4.180% 10/15/2030
05620EAD0 1,110,000.00 NR Aaa 04/15/26 04/24/26 1,109,830.06 4.18 2,062.13 1,109,841.87 1,101,526.26 FORDO 2026-A A3
DTD 03/24/2026 4.050% 10/15/2030
34532WAD7 1,655,000.00 AAA Aaa 03/17/26 03/24/26 1,654,683.73 4.05 2,979.00 1,654,712.48 1,640,326.77 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 16 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending July 31, 2026 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
CHAOT 2025-2A A3
DTD 10/29/2025 3.860% 10/25/2030
16144MAD6 1,585,000.00 NR Aaa 10/17/25 10/29/25 1,584,937.23 3.86 1,019.68 1,584,950.55 1,570,574.92 HAROT 2026-2 A3
DTD 05/13/2026 4.300% 11/15/2030
43814YAD3 2,675,000.00 AAA Aaa 05/05/26 05/13/26 2,674,922.69 4.30 5,112.22 2,674,926.76 2,661,892.50 TAOT 2026-B A3
DTD 04/21/2026 4.130% 12/16/2030
89240QAD7 1,685,000.00 AAA Aaa 04/14/26 04/21/26 1,684,644.63 4.14 3,092.91 1,684,670.08 1,672,958.99 HART 2026-A A3
DTD 02/18/2026 3.790% 02/18/2031
448981AD2 690,000.00 AAA NR 02/10/26 02/18/26 689,953.43 3.79 1,162.27 689,959.70 680,115.06 VZMT 2026-1 A1A
DTD 03/13/2026 3.940% 02/20/2031
92348KFC2 3,620,000.00 NR Aaa 03/05/26 03/13/26 3,619,496.10 3.94 4,358.08 3,619,533.02 3,592,368.54 BACCT 2026-A1 A
DTD 05/14/2026 4.220% 04/15/2031
05522RDL9 3,690,000.00 NR Aaa 05/07/26 05/14/26 3,689,628.79 4.22 6,920.80 3,689,654.10 3,659,476.32 Security Type Sub-Total 69,441,034.35 69,432,275.09 4.33 137,402.79 69,434,512.32 69,146,625.44 Managed Account Sub-Total 465,339,562.23 462,286,979.22 4.28 3,563,967.19 463,983,815.61 460,326,482.62 $465,339,562.23 $462,286,979.22 4.28% $3,563,967.19 $463,983,815.61 $460,326,482.62 $463,890,449.81
$3,563,967.19
Total Investments
Accrued Interest
Securities Sub-Total
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 17 U.S. Bancorp Asset Management, Inc.
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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 91282CHY0 11,207,000.00 MorganSt 100.10 11,217,725.10 (90,838.34) (1,808.90) DTD 09/15/2023 4.625% 09/15/2026

0.13 3.80
US TREASURY N/B 91282CKR1 11,210,000.00 MorganSt 100.28 11,241,432.84 (39,067.55) (24,272.52) DTD 05/15/2024 4.500% 05/15/2027

0.76 4.13
US TREASURY N/B 91282CKZ3 11,210,000.00 GoldmanS 100.21 11,233,204.70 (7,447.64) (6,050.14) DTD 07/15/2024 4.375% 07/15/2027

0.93 4.15
US TREASURY N/B 91282CFU0 915,000.00 Nomura 99.91 914,142.65 (13,581.57) (4,102.45) DTD 10/31/2022 4.125% 10/31/2027

1.20 4.20
US TREASURY N/B 91282CFU0 3,160,000.00 JPMorgan 99.91 3,157,039.08 (72,456.23) (20,744.23) DTD 10/31/2022 4.125% 10/31/2027

1.20 4.20
US TREASURY N/B 91282CAU5 7,525,000.00 WellsFar 95.55 7,190,491.18 782,189.42 (45,017.97) DTD 11/02/2020 0.500% 10/31/2027

1.22 4.16
US TREASURY N/B 91282CGC9 4,250,000.00 Nomura 99.50 4,228,750.00 (38,183.59) (26,492.31) DTD 01/03/2023 3.875% 12/31/2027

1.36 4.24
US TREASURY N/B 91282CBJ9 115,000.00 HSBC 94.98 109,232.06 9,406.67 (1,213.90) DTD 02/01/2021 0.750% 01/31/2028

1.46 4.24
US TREASURY N/B 91282CGH8 595,000.00 BNPPSA 98.92 588,562.10 (5,973.06) (6,289.71) DTD 01/31/2023 3.500% 01/31/2028

1.44 4.25
US TREASURY N/B 91282CGP0 1,245,000.00 TD Secur 99.61 1,240,185.59 8,997.31 (435.64) DTD 02/28/2023 4.000% 02/29/2028

1.49 4.25
US TREASURY N/B 91282CBS9 880,000.00 BNPPSA 95.22 837,959.76 45,994.13 (12,104.61) DTD 03/31/2021 1.250% 03/31/2028

1.61 4.20
US TREASURY N/B 91282CMW8 1,220,000.00 Citigrou 99.16 1,209,706.86 (9,006.42) (9,194.25) DTD 04/15/2025 3.750% 04/15/2028

1.62 4.27
US TREASURY N/B 91282CHA2 225,000.00 GoldmanS 98.71 222,108.30 (3,920.02) (3,251.58) DTD 05/01/2023 3.500% 04/30/2028

1.66 4.27
US TREASURY N/B 91282CND9 545,000.00 Citigrou 99.11 540,124.98 (6,514.28) (6,154.98) DTD 05/15/2025 3.750% 05/15/2028

1.70 4.27
US TREASURY N/B 9128285M8 510,000.00 MorganSt 97.46 497,050.59 (5,976.75) (7,224.67) DTD 11/15/2018 3.125% 11/15/2028

2.17 4.30
US TREASURY N/B 91282CKX8 1,095,000.00 Citigrou 99.75 1,092,305.21 5,945.44 2,570.35 DTD 07/01/2024 4.250% 06/30/2029

2.71 4.34
US TREASURY N/B 91282CLC3 2,105,000.00 Citigrou 99.06 2,085,265.63 (34,370.70) (28,852.92) DTD 07/31/2024 4.000% 07/31/2029

2.80 4.34
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 18 U.S. Bancorp Asset Management, Inc.
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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 91282CLK5 7,550,000.00 Citigrou 97.95 7,394,870.15 (170,760.71) (165,132.56) DTD 09/03/2024 3.625% 08/31/2029

2.84 4.34
US TREASURY N/B 91282CLN9 8,695,000.00 TD Secur 97.52 8,479,320.52 (190,885.14) (199,481.74) DTD 09/30/2024 3.500% 09/30/2029

2.93 4.35
US TREASURY N/B 91282CLR0 4,850,000.00 HSBC 99.30 4,816,088.80 (21,975.65) (25,877.65) DTD 10/31/2024 4.125% 10/31/2029

2.98 4.36
US TREASURY N/B 91282CMA6 6,315,000.00 WellsFar 99.28 6,269,361.50 (56,985.77) (53,486.32) DTD 12/02/2024 4.125% 11/30/2029

3.07 4.36
US TREASURY N/B 91282CMD0 12,365,000.00 BNP Sec 100.02 12,367,411.17 29,942.62 21,910.23 DTD 12/31/2024 4.375% 12/31/2029

3.14 4.28
US TREASURY N/B 91282CMG3 3,470,000.00 BNP Sec 99.60 3,456,040.19 (1,082.85) (4,650.26) DTD 01/31/2025 4.250% 01/31/2030

3.23 4.38
US TREASURY N/B 91282CMG3 5,215,000.00 HSBC 99.60 5,194,020.06 (80,259.82) (66,528.56) DTD 01/31/2025 4.250% 01/31/2030

3.23 4.38
US TREASURY N/B 91282CGQ8 8,565,000.00 Nomura 98.79 8,460,952.38 (119,772.42) (115,664.99) DTD 02/28/2023 4.000% 02/28/2030

3.25 4.37
US TREASURY N/B 91282CMU2 10,775,000.00 BNP Sec 98.73 10,638,211.38 (190,663.62) (177,328.45) DTD 03/31/2025 4.000% 03/31/2030

3.33 4.29
US TREASURY N/B 91282CMZ1 4,690,000.00 Citigrou 98.26 4,608,473.73 (85,556.74) (85,223.43) DTD 04/30/2025 3.875% 04/30/2030

3.42 4.38
US TREASURY N/B 91282CHF1 5,400,000.00 RBS 97.77 5,279,763.60 (59,275.46) (72,382.16) DTD 05/31/2023 3.750% 05/31/2030

3.51 4.39
US TREASURY N/B 91282CNK3 1,805,000.00 Citigrou 98.15 1,771,578.62 (38,850.48) (37,759.33) DTD 06/30/2025 3.875% 06/30/2030

3.58 4.39
US TREASURY N/B 91282CNN7 3,780,000.00 BOFAML 98.11 3,708,535.32 (52,859.99) (56,267.35) DTD 07/31/2025 3.875% 07/31/2030

3.67 4.40
US TREASURY N/B 91282CNX5 16,460,000.00 Nomura 97.11 15,984,207.24 (388,349.01) (403,162.83) DTD 09/02/2025 3.625% 08/31/2030

3.70 4.31
US TREASURY N/B 91282CPA3 1,225,000.00 Citigrou 97.07 1,189,111.18 (32,443.51) (32,977.80) DTD 09/30/2025 3.625% 09/30/2030

3.78 4.40
US TREASURY N/B 91282CPA3 1,500,000.00 JPMorgan 97.07 1,456,054.50 (37,500.19) (38,416.43) DTD 09/30/2025 3.625% 09/30/2030

3.78 4.40
US TREASURY N/B 91282CPN5 7,075,000.00 GoldmanS 96.43 6,822,401.28 (212,249.11) (217,175.36) DTD 12/01/2025 3.500% 11/30/2030

3.95 4.41
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 19 U.S. Bancorp Asset Management, Inc.
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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 91282CPR6 695,000.00 HSBC 96.87 673,227.04 (18,379.40) (18,739.73) DTD 12/31/2025 3.625% 12/31/2030

4.02 4.41
US TREASURY N/B 91282CPW5 3,845,000.00 Nomura 97.30 3,741,065.80 (103,784.00) (103,807.99) DTD 02/02/2026 3.750% 01/31/2031

4.10 4.42
US TREASURY N/B 91282CPW5 4,960,000.00 BMO 97.30 4,825,926.24 (118,767.51) (120,155.29) DTD 02/02/2026 3.750% 01/31/2031

4.10 4.42
US TREASURY N/B 91282CQD6 5,250,000.00 Citigrou 96.27 5,053,944.00 (109,923.19) (115,897.58) DTD 03/02/2026 3.500% 02/28/2031

4.12 4.41
US TREASURY N/B 91282CKN0 1,915,000.00 Nomura 100.85 1,931,233.46 (24,161.07) (23,506.86) DTD 04/30/2024 4.625% 04/30/2031

4.19 4.42
US TREASURY N/B 91282CQX2 4,500,000.00 JPMorgan 98.67 4,440,235.50 (26,893.41) (27,151.11) DTD 06/30/2026 4.125% 06/30/2031

4.39 4.33
Security Type Sub-Total 188,912,000.00 186,167,320.29 (1,586,239.61) (2,339,503.98) 2.70 4.28 Municipal Bond / Note
HAWAII ST-TXBL-GP (CALLABLE) 419792S23 1,130,000.00 BOFAML 01/01/31 98.05 1,107,992.12 (22,007.88) (22,007.88) DTD 04/30/2026 4.212% 04/01/2031

4.07 4.54
Security Type Sub-Total 1,130,000.00 1,107,992.12 (22,007.88) (22,007.88) 4.07 4.54 Federal Agency Commercial Mortgage-Backed Security
FHMS K061 A2 3137BTUM1 2,301,872.88 Citigrou 99.60 2,292,571.01 61,552.66 (2,896.28) DTD 01/01/2017 3.347% 11/01/2026

0.26 4.08
FHMS K064 A2 3137BXQY1 4,000,000.00 MorganSt 99.37 3,974,904.00 201,779.00 15,835.96 DTD 05/01/2017 3.224% 03/01/2027

0.47 4.11
FHMS K065 A2 3137F1G44 2,275,000.00 Citigrou 99.20 2,256,818.20 111,830.90 7,683.58 DTD 07/01/2017 3.243% 04/01/2027

0.62 4.18
FHMS K066 A2 3137F2LJ3 3,470,476.86 CantorFi 99.00 3,435,678.39 190,240.27 17,922.13 DTD 08/01/2017 3.117% 06/01/2027

0.73 4.23
FHMS K507 A1 3137HAMR4 3,122,760.63 BOFAML 100.33 3,132,943.95 59,188.81 30,572.14 DTD 09/01/2023 4.800% 04/01/2028

1.47 4.34
FHMS K506 A1 3137HAMG8 1,824,811.86 WellsFar 100.12 1,827,070.98 29,549.19 13,641.71 DTD 09/01/2023 4.650% 05/01/2028

1.47 4.33
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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 Commercial Mortgage-Backed Security
FHMS KJ46 A1 3137HAD45 1,745,546.78 JPMorgan 100.21 1,749,187.99 3,684.84 3,658.10 DTD 07/01/2023 4.777% 06/01/2028

1.18 4.33
FHMS K505 A2 3137HACX2 3,493,000.14 JPMorgan 100.30 3,503,482.63 (24,405.60) (2,961.68) DTD 07/01/2023 4.819% 06/01/2028

1.67 4.41
FNA 2023-M6 A2 3136BQDE6 3,125,312.84 JPMorgan 99.19 3,100,066.56 27,737.54 (4,159.04) DTD 07/01/2023 4.172% 07/01/2028

1.81 4.42
FHMS KJ47 A1 3137HAMN3 1,030,858.27 JPMorgan 100.34 1,034,354.94 3,501.83 3,498.70 DTD 09/01/2023 5.272% 08/01/2028

0.80 4.44
FHMS K506 A2 3137HAMH6 3,800,000.00 WellsFar 100.00 3,800,106.40 56,319.80 25,396.62 DTD 09/01/2023 4.650% 08/01/2028

1.83 4.52
FHMS K508 A2 3137HAQ74 3,850,000.00 BMO 100.10 3,853,942.40 88,396.00 42,739.20 DTD 10/01/2023 4.740% 08/01/2028

1.86 4.46
FHMS K509 A2 3137HAST4 2,890,000.00 MorganSt 100.34 2,899,687.28 101,829.15 54,078.34 DTD 10/01/2023 4.850% 09/01/2028

1.94 4.46
FHMS K507 A2 3137HAMS2 3,800,000.00 BOFAML 100.29 3,810,970.60 56,392.00 32,353.58 DTD 09/01/2023 4.800% 09/01/2028

1.90 4.43
FHMS K510 A2 3137HB3D4 1,465,000.00 JPMorgan 100.77 1,476,273.17 15,508.48 13,332.90 DTD 11/01/2023 5.069% 10/01/2028

1.98 4.46
FHMS K511 A2 3137HB3G7 2,125,000.00 BOFAML 100.35 2,132,416.25 13,521.37 10,402.02 DTD 12/01/2023 4.860% 10/01/2028

2.01 4.48
FHMS K512 A2 3137HBCF9 1,781,887.63 JPMorgan 100.67 1,793,836.97 (4,689.93) 3,605.49 DTD 12/01/2023 5.000% 11/01/2028

2.02 4.46
FHMS K513 A2 3137HBFY5 2,190,000.00 BMO 100.09 2,191,903.11 (19,972.80) (9,380.58) DTD 01/01/2024 4.724% 12/01/2028

2.15 4.49
FHMS K514 A2 3137HBLV4 2,220,000.00 JPMorgan 99.83 2,216,305.92 (25,891.86) (15,240.32) DTD 02/01/2024 4.572% 12/01/2028

2.10 4.45
FHMS K518 A2 3137HC2L5 2,715,000.00 JPMorgan 101.60 2,758,510.59 (22,043.09) 7,199.56 DTD 03/01/2024 5.400% 01/01/2029

2.25 4.49
FHMS K517 A2 3137HC2C5 3,355,000.00 BOFAML 101.42 3,402,614.16 (52,988.87) (6,776.90) DTD 03/01/2024 5.355% 01/01/2029

2.27 4.53
FHMS K515 A2 3137HBPD0 3,750,000.00 WellsFar 101.45 3,804,401.25 (46,623.75) 312.90 DTD 02/01/2024 5.400% 01/01/2029

2.17 4.53
FHMS K516 A2 3137HBPM0 3,750,000.00 MorganSt 101.74 3,815,193.75 (47,295.00) 4,510.31 DTD 03/01/2024 5.477% 01/01/2029

2.21 4.49
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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 Commercial Mortgage-Backed Security
FHMS K520 A2 3137HCKV3 2,125,000.00 BOFAML 101.10 2,148,315.50 14,690.12 18,296.44 DTD 04/01/2024 5.180% 03/01/2029

2.38 4.53
FHMS K524 A2 3137HDV56 3,245,000.00 PIER 100.13 3,249,345.06 (15,582.48) (8,024.17) DTD 07/01/2024 4.720% 05/01/2029

2.55 4.48
FHMS K526 A2 3137HDXL9 3,500,000.00 BMO 99.63 3,487,130.50 (45,608.50) (33,501.72) DTD 08/01/2024 4.543% 07/01/2029

2.70 4.51
FHMS K530 A2 3137HHJL6 3,980,000.00 JPMorgan 100.25 3,989,914.18 (10,809.68) (4,376.65) DTD 11/01/2024 4.792% 09/01/2029

2.84 4.54
FHMS K557 A2 3137HQSP7 1,985,000.00 MorganSt 96.91 1,923,667.47 (61,294.81) (61,299.82) DTD 03/01/2026 3.936% 01/01/2031

4.00 4.59
FHMS K558 A2 3137HQSV4 2,000,000.00 BMO 97.66 1,953,282.00 (51,918.00) (51,665.98) DTD 03/01/2026 4.130% 03/01/2031

4.00 4.59
Security Type Sub-Total 80,916,527.88 81,014,895.21 606,597.59 104,756.54 1.92 4.43 Corporate Note
TARGET CORP (CALLABLE) 87612EBM7 365,000.00 Citigrou 12/15/26 99.04 361,502.21 (2,877.29) (3,440.97) DTD 01/24/2022 1.950% 01/15/2027

0.45 4.09
MICROSOFT CORP (CALLABLE) 594918BY9 3,000,000.00 GoldmanS 11/06/26 99.54 2,986,071.00 71,901.00 (3,272.25) DTD 02/06/2017 3.300% 02/06/2027

0.49 4.22
HOME DEPOT INC (CALLABLE) 437076BT8 3,610,000.00 TD Secur 06/14/27 98.36 3,550,651.60 144,977.60 (9,863.20) DTD 09/14/2017 2.800% 09/14/2027

1.06 4.32
JPMORGAN CHASE & CO (CALLABLE) 46647PCW4 1,535,000.00 BOFAML 02/24/27 99.13 1,521,582.57 118,024.62 32,949.66 DTD 02/24/2022 2.947% 02/24/2028

0.55 4.71
KENVUE INC (CALLABLE) 49177JAF9 2,300,000.00 JPMorgan 02/22/28 100.69 2,315,807.90 (38,495.10) (16,895.61) DTD 10/17/2023 5.050% 03/22/2028

1.49 4.61
JOHN DEERE CAPITAL CORP 24422EXB0 495,000.00 SBSC 101.00 499,957.92 (1,774.08) 2,328.70 DTD 07/14/2023 4.950% 07/14/2028

1.84 4.29
JOHN DEERE CAPITAL CORP 24422EXB0 895,000.00 TD Secur 101.00 903,964.32 273.87 5,562.66 DTD 07/14/2023 4.950% 07/14/2028

1.84 4.29
JOHN DEERE CAPITAL CORP 24422EXB0 1,165,000.00 Citigrou 101.00 1,176,668.64 13,404.49 12,346.59 DTD 07/14/2023 4.950% 07/14/2028

1.84 4.29
PACCAR FINANCIAL CORP 69371RS64 1,130,000.00 TD Secur 100.78 1,138,816.26 15,901.36 11,703.37 DTD 08/10/2023 4.950% 08/10/2028

1.87 4.42
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFZ0 1,550,000.00 MUFG 07/25/28 99.05 1,535,259.50 (13,004.50) (13,522.52) DTD 08/25/2025 4.150% 08/25/2028

1.90 4.64
TOYOTA MOTOR CREDIT CORP 89236TLB9 2,800,000.00 BOFAML 101.37 2,838,452.40 43,324.40 40,660.98 DTD 09/11/2023 5.250% 09/11/2028

1.95 4.48
CITIBANK NA (CALLABLE) 17325FBB3 5,650,000.00 Citigrou 08/29/28 102.58 5,795,990.35 145,990.35 145,990.35 DTD 09/29/2023 5.803% 09/29/2028

1.93 4.44
BANK OF AMERICA CORP (CALLABLE) 06051GMK2 2,060,000.00 Citigrou 01/24/28 100.38 2,067,788.86 (15,035.94) (4,596.70) DTD 01/24/2025 4.979% 01/24/2029

1.41 4.56
ALPHABET INC (CALLABLE) 02079KBJ5 610,000.00 JPMorgan 01/15/29 97.95 597,479.14 (10,306.56) (10,634.43) DTD 02/13/2026 3.700% 02/15/2029

2.34 4.56
ALPHABET INC (CALLABLE) 02079KBJ5 655,000.00 SEEL 01/15/29 97.95 641,555.47 (12,743.68) (12,848.61) DTD 02/13/2026 3.700% 02/15/2029

2.34 4.56
ALPHABET INC (CALLABLE) 02079KBJ5 655,000.00 StifelNi 01/15/29 97.95 641,555.47 (12,796.08) (12,892.62) DTD 02/13/2026 3.700% 02/15/2029

2.34 4.56
ALPHABET INC (CALLABLE) 02079KBJ5 3,925,000.00 JPMorgan 01/15/29 97.95 3,844,435.45 (76,561.05) (77,163.11) DTD 02/13/2026 3.700% 02/15/2029

2.34 4.56
STATE STREET CORP (CALLABLE) 857477CN1 1,900,000.00 HSBC 02/20/28 99.91 1,898,324.20 (1,675.80) (1,675.80) DTD 08/20/2024 4.530% 02/20/2029

1.46 4.63
CATERPILLAR FINL SERVICE 14913UBJ8 2,790,000.00 Barclays 97.99 2,733,893.10 (52,424.10) (52,935.80) DTD 02/24/2026 3.750% 02/23/2029

2.38 4.59
CISCO SYSTEMS INC (CALLABLE) 17275RBR2 170,000.00 Citigrou 01/26/29 100.64 171,095.82 (3,366.68) (2,417.30) DTD 02/26/2024 4.850% 02/26/2029

2.31 4.58
BLACKROCK INC (CALLABLE) 09290DAA9 365,000.00 Citigrou 02/14/29 100.43 366,558.19 2,218.84 1,922.64 DTD 03/14/2024 4.700% 03/14/2029

2.37 4.46
SALESFORCE INC (CALLABLE) 79466LAR5 3,250,000.00 Citigrou 02/15/29 99.56 3,235,586.25 (13,698.75) (13,787.07) DTD 03/13/2026 4.650% 03/15/2029

2.37 4.83
DEPOSITORY TRUST COMPANY 249672AC0 5,500,000.00 MUFG 02/27/29 99.12 5,451,765.00 (53,350.00) (52,824.15) (CALLABLE)
DTD 03/27/2026 4.300% 03/27/2029

2.42 4.65
ADOBE INC (CALLABLE) 00724PAF6 1,295,000.00 TD Secur 03/04/29 100.60 1,302,714.31 6,004.91 6,762.21 DTD 04/04/2024 4.800% 04/04/2029

2.41 4.56
ADOBE INC (CALLABLE) 00724PAF6 1,580,000.00 BOFAML 03/04/29 100.60 1,589,412.06 11,766.26 10,740.46 DTD 04/04/2024 4.800% 04/04/2029

2.41 4.56
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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
BANK OF NEW YORK MELLON (CALLABLE) 06405LAH4 2,700,000.00 JPMorgan 04/20/28 100.21 2,705,540.40 (21,675.60) (10,718.90) DTD 04/22/2025 4.729% 04/20/2029

1.62 4.68
PEPSICO INC (CALLABLE) 713448FX1 1,935,000.00 Citigrou 06/17/29 99.97 1,934,436.92 2,436.17 1,288.38 DTD 07/17/2024 4.500% 07/17/2029

2.71 4.51
ELI LILLY & CO (CALLABLE) 532457CQ9 660,000.00 MorganSt 07/14/29 99.02 653,511.54 (5,043.06) (5,576.42) DTD 08/14/2024 4.200% 08/14/2029

2.74 4.55
ELI LILLY & CO (CALLABLE) 532457CQ9 2,290,000.00 JPMorgan 07/14/29 99.02 2,267,487.01 (25,856.39) (24,627.75) DTD 08/14/2024 4.200% 08/14/2029

2.74 4.55
BANK OF NY MELLON CORP (CALLABLE) 06406RCG0 1,165,000.00 MorganSt 01/22/29 98.34 1,145,638.87 (19,361.13) (19,361.13) DTD 01/22/2026 4.026% 01/22/2030

2.42 5.14
BANK OF NY MELLON CORP (CALLABLE) 06406RCG0 2,310,000.00 JANE 01/22/29 98.34 2,271,610.11 (34,324.29) (34,808.76) DTD 01/22/2026 4.026% 01/22/2030

2.42 5.14
PEPSICO INC (CALLABLE) 713448GB8 730,000.00 MorganSt 01/07/30 100.04 730,262.07 1,488.47 1,152.68 DTD 02/07/2025 4.600% 02/07/2030

3.12 4.51
APPLE INC (CALLABLE) 037833DU1 1,834,000.00 JPMorgan 02/11/30 89.78 1,646,502.84 14,939.76 (26,652.42) DTD 05/11/2020 1.650% 05/11/2030

3.57 4.50
APPLE INC (CALLABLE) 037833DU1 4,890,000.00 SUSQ 02/11/30 89.78 4,390,075.74 40,274.04 (70,710.60) DTD 05/11/2020 1.650% 05/11/2030

3.57 4.50
CHARLES SCHWAB CORP (CALLABLE) 808513CQ6 770,000.00 GoldmanS 05/21/29 99.77 768,205.13 (1,794.87) (1,794.87) DTD 05/21/2026 4.744% 05/21/2030

2.59 4.74
CHARLES SCHWAB CORP (CALLABLE) 808513CQ6 2,480,000.00 UBSS 05/21/29 99.77 2,474,219.12 (4,540.88) (4,602.70) DTD 05/21/2026 4.744% 05/21/2030

2.59 4.74
JPMORGAN CHASE & CO (CALLABLE) 46647PEJ1 4,330,000.00 CIDLY 07/22/29 100.18 4,337,685.75 (73,934.75) (67,609.31) DTD 07/22/2024 4.995% 07/22/2030

2.73 4.81
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAY4 5,525,000.00 JPMorgan 10/05/30 97.38 5,380,024.00 (128,401.00) (130,663.26) DTD 11/05/2025 4.100% 11/05/2030

3.81 4.68
CATERPILLAR FINL SERVICE 14913UBH2 430,000.00 Citigrou 97.58 419,611.63 (10,233.57) (10,250.33) DTD 01/08/2026 4.150% 01/08/2031

4.00 4.76
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 1,790,000.00 Citigrou 12/13/30 97.66 1,748,173.07 (41,826.93) (41,826.93) DTD 01/13/2026 4.248% 01/13/2031

3.98 4.84
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 2,460,000.00 SMBC 12/13/30 97.66 2,402,517.18 (63,288.42) (62,704.40) DTD 01/13/2026 4.248% 01/13/2031

3.98 4.84
VISA INC (CALLABLE) 92826CAZ5 4,920,000.00 BBVA 01/12/31 98.08 4,825,349.04 (135,831.36) (132,675.47) DTD 02/12/2026 4.100% 02/12/2031

3.99 4.57
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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
BANK OF AMERICA CORP (CALLABLE) 06051GHZ5 4,060,000.00 CIDLY 02/13/30 91.86 3,729,678.40 (33,657.40) (54,111.70) DTD 02/13/2020 2.496% 02/13/2031

3.28 4.94
AMAZON.COM INC (CALLABLE) 023135DD5 6,000,000.00 JPMorgan 02/13/31 97.00 5,820,144.00 (106,836.00) (109,799.35) DTD 03/13/2026 4.250% 03/13/2031

4.05 4.83
DEPOSITORY TRUST COMPANY 249672AA4 1,025,000.00 Citigrou 02/27/31 98.64 1,011,009.77 (13,129.23) (13,186.20) (CALLABLE)
DTD 03/27/2026 4.550% 03/27/2031

4.06 4.79
WALMART INC (CALLABLE) 931142FT5 1,445,000.00 Citigrou 03/30/31 97.96 1,415,490.21 (26,417.49) (26,565.44) DTD 04/30/2026 4.150% 04/30/2031

4.19 4.51
META PLATFORMS INC (CALLABLE) 30303MAF9 2,221,000.00 SUSQ 04/15/31 97.59 2,167,413.93 (40,659.85) (41,039.37) DTD 05/04/2026 4.550% 05/15/2031

4.18 4.92
META PLATFORMS INC (CALLABLE) 30303MAF9 4,280,000.00 Citigrou 04/15/31 97.59 4,176,736.44 (78,910.36) (79,610.40) DTD 05/04/2026 4.550% 05/15/2031

4.18 4.92
MASTERCARD INC (CALLABLE) 57636QBL7 1,000,000.00 BBVA 05/08/31 98.93 989,321.00 (9,309.00) (9,345.71) DTD 06/08/2026 4.600% 06/08/2031

4.25 4.85
MASTERCARD INC (CALLABLE) 57636QBL7 1,580,000.00 BBVA 05/08/31 98.93 1,563,127.18 (14,423.82) (14,487.85) DTD 06/08/2026 4.600% 06/08/2031

4.25 4.85
MASTERCARD INC (CALLABLE) 57636QBL7 3,920,000.00 JPMorgan 05/08/31 98.93 3,878,138.32 (38,725.68) (38,809.07) DTD 06/08/2026 4.600% 06/08/2031

4.25 4.85
NVIDIA CORP (CALLABLE) 67066GAR5 2,940,000.00 GoldmanS 05/15/31 97.87 2,877,333.90 (57,080.10) (57,209.63) DTD 06/18/2026 4.500% 06/15/2031

4.28 5.00
Security Type Sub-Total 118,940,000.00 116,896,131.56 (660,444.65) (1,104,109.43) 2.83 4.66 Bank Note
MORGAN STANLEY BANK NA (CALLABLE) 61690U8B9 1,360,000.00 MorganSt 05/26/27 100.68 1,369,257.52 9,257.52 9,257.52 DTD 05/30/2024 5.504% 05/26/2028

0.78 4.59
MORGAN STANLEY BANK NA (CALLABLE) 61690U8B9 2,640,000.00 MorganSt 05/26/27 100.68 2,657,970.48 12,400.08 16,467.61 DTD 05/30/2024 5.504% 05/26/2028

0.78 4.59
MORGAN STANLEY PVT BANK (CALLABLE) 61776NU43 2,000,000.00 CIDLY 02/08/29 98.31 1,966,290.00 (34,410.00) (34,306.49) DTD 02/02/2026 4.213% 02/08/2030

2.33 4.70
Security Type Sub-Total 6,000,000.00 5,993,518.00 (12,752.40) (8,581.36) 1.29 4.63 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 25 U.S. Bancorp Asset Management, Inc.
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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
KCOT 2023-2A A3 500945AC4 314,557.61 JPMorgan 100.33 315,603.83 1,125.67 1,072.19 DTD 07/26/2023 5.280% 01/18/2028

0.31 4.26
BAAT 2023-1A A3 06428AAC2 260,525.05 BOFAML 100.30 261,300.12 784.94 778.41 DTD 07/31/2023 5.530% 02/15/2028

0.24 4.32
HAROT 2023-3 A3 43815QAC1 471,317.34 BOFAML 100.37 473,056.50 1,836.35 1,772.66 DTD 08/22/2023 5.410% 02/18/2028

0.26 4.02
TAOT 2023-C A3 89231FAD2 194,958.41 BNPPSA 100.28 195,511.89 597.58 569.64 DTD 08/15/2023 5.160% 04/17/2028

0.28 4.19
USAOT 2023-A A3 90291VAC4 393,162.41 JPMorgan 100.25 394,160.25 1,066.65 1,025.90 DTD 09/15/2023 5.580% 05/15/2028

0.17 4.10
BAAT 2023-2A A3 06054YAC1 889,472.96 BOFAML 100.45 893,442.68 3,985.82 3,976.03 DTD 11/21/2023 5.740% 06/15/2028

0.31 4.32
TAOT 2023-D A3 89239FAD4 360,992.38 JPMorgan 100.66 363,362.66 2,409.19 2,387.64 DTD 11/14/2023 5.540% 08/15/2028

0.47 4.22
FITAT 2023-1 A3 31680EAD3 678,769.99 JPMorgan 100.36 681,230.53 2,502.62 2,477.78 DTD 08/23/2023 5.530% 08/15/2028

0.31 4.42
CHAIT 2023-A1 A 161571HT4 3,020,000.00 JPMorgan 100.15 3,024,530.00 5,367.14 4,911.67 DTD 09/15/2023 5.160% 09/15/2028

0.12 3.96
AMXCA 2023-3 A 02582JKD1 3,090,000.00 Citigrou 100.16 3,095,058.33 5,196.45 5,120.28 DTD 09/19/2023 5.230% 09/15/2028

0.12 3.92
HART 2023-C A3 44918CAD4 458,731.17 BNPPSA 100.54 461,220.70 2,549.85 2,518.07 DTD 11/13/2023 5.540% 10/16/2028

0.37 4.14
BACCT 2023-A2 A2 05522RDH8 1,365,000.00 BOFAML 100.27 1,368,707.34 3,890.66 3,795.75 DTD 12/14/2023 4.980% 11/15/2028

0.29 4.07
GMCAR 2024-1 A3 36268GAD7 163,547.02 Barclays 100.26 163,978.46 464.33 448.32 DTD 01/17/2024 4.850% 12/18/2028

0.41 4.25
CHAIT 2024-A1 A 161571HV9 3,390,000.00 JPMorgan 100.20 3,396,759.66 7,275.96 7,026.79 DTD 01/31/2024 4.600% 01/15/2029

0.44 4.19
KCOT 2025-1A A3 50117FAC5 1,550,000.00 JPMorgan 100.23 1,553,602.20 3,655.36 3,635.48 DTD 02/19/2025 4.670% 06/15/2029

1.33 4.54
HART 2025-A A3 44935CAD3 2,525,000.00 Barclays 100.02 2,525,411.58 784.02 675.69 DTD 03/12/2025 4.320% 10/15/2029

0.87 4.34
HART 2025-B A3 44935XAD7 960,000.00 JPMorgan 99.98 959,800.32 (112.99) (133.46) DTD 06/11/2025 4.360% 12/17/2029

1.11 4.42
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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
USAOT 2025-A A3 90327HAC3 960,000.00 JPMorgan 99.55 955,685.76 (4,229.95) (4,247.56) DTD 10/09/2025 3.950% 12/17/2029

1.11 4.39
HAROT 2025-3 A3 43813QAD1 2,355,000.00 Barclays 99.50 2,343,276.81 (11,673.97) (11,684.24) DTD 08/12/2025 4.040% 02/21/2030

1.31 4.46
ALLYA 2025-1 A3 02008KAC7 860,000.00 Barclays 99.63 856,804.24 (3,072.95) (3,094.35) DTD 10/16/2025 3.960% 03/15/2030

0.98 4.38
TAOT 2025-C A3 89238VAD0 1,635,000.00 RBC Capi 99.63 1,629,025.71 (5,801.96) (5,836.95) DTD 07/30/2025 4.110% 03/15/2030

1.27 4.43
HART 2025-C A3 44935JAD8 2,040,000.00 Citigrou 99.20 2,023,686.12 (15,980.95) (16,046.74) DTD 09/17/2025 3.880% 04/15/2030

1.42 4.48
GMCAR 2025-2 A3 362549AD9 680,000.00 TD Secur 99.94 679,612.40 (287.50) (310.78) DTD 05/14/2025 4.280% 04/16/2030

0.86 4.38
BACCT 2025-A1 A 05522RDK1 1,830,000.00 BOFAML 99.80 1,826,270.46 (3,722.59) (3,729.54) DTD 06/12/2025 4.310% 05/15/2030

1.68 4.47
HAROT 2025-4 A3 43814XAD5 1,745,000.00 BOFAML 99.21 1,731,216.25 (13,445.92) (13,495.77) DTD 11/12/2025 3.980% 06/17/2030

1.48 4.55
TAOT 2025-D A3 89231GAD0 2,575,000.00 JPMorgan 99.17 2,553,573.43 (21,130.45) (21,176.46) DTD 10/23/2025 3.840% 06/17/2030

1.42 4.46
CCCIT 2025-A1 A 17305EHA6 3,990,000.00 Citigrou 99.61 3,974,435.01 (14,482.50) (14,702.15) DTD 06/26/2025 4.300% 06/21/2030

1.79 4.52
CHAOT 2025-1A A3 16145NAC5 1,135,000.00 JPMorgan 99.87 1,133,470.02 (1,419.09) (1,440.45) DTD 07/30/2025 4.290% 06/25/2030

1.37 4.43
COPAR 2025-1 A3 14043YAD7 965,000.00 JPMorgan 99.03 955,658.80 (9,136.81) (9,167.97) DTD 11/05/2025 3.850% 07/15/2030

1.39 4.58
AMXCA 2025-4 A 02582JKV1 2,265,000.00 Barclays 99.75 2,259,260.49 (5,413.12) (5,476.32) DTD 07/22/2025 4.300% 07/15/2030

1.84 4.48
CHAIT 2025-A1 A 161571HZ0 3,190,000.00 JPMorgan 99.43 3,171,880.80 (18,055.08) (18,072.72) DTD 07/25/2025 4.160% 07/15/2030

1.84 4.51
COMET 2025-A1 A 14041NGF2 2,565,000.00 WellsFar 98.71 2,531,903.81 (32,609.87) (32,695.69) DTD 09/16/2025 3.820% 09/15/2030

2.00 4.50
TAOT 2026-A A3 89240KAD0 1,040,000.00 BNP Sec 98.92 1,028,724.32 (11,187.07) (11,196.47) DTD 01/21/2026 3.860% 09/16/2030

1.82 4.49
HART 2025-D A3 44891XAD9 1,810,000.00 BNP Sec 99.16 1,794,819.53 (15,027.34) (15,049.86) DTD 11/12/2025 3.990% 09/16/2030

1.69 4.52
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Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026 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
HAROT 2026-1 A3 43815CAD0 1,005,000.00 MUFG 98.64 991,345.07 (13,494.83) (13,512.50) DTD 02/18/2026 3.780% 09/23/2030

1.73 4.60
BAAT 2026-1A A3 05620EAD0 1,110,000.00 BOFAML 99.24 1,101,526.26 (8,303.80) (8,315.61) DTD 04/24/2026 4.180% 10/15/2030

1.70 4.67
FORDO 2026-A A3 34532WAD7 1,655,000.00 Barclays 99.11 1,640,326.77 (14,356.96) (14,385.71) DTD 03/24/2026 4.050% 10/15/2030

1.98 4.53
CHAOT 2025-2A A3 16144MAD6 1,585,000.00 JPMorgan 99.09 1,570,574.92 (14,362.31) (14,375.63) DTD 10/29/2025 3.860% 10/25/2030

1.58 4.47
HAROT 2026-2 A3 43814YAD3 2,675,000.00 Barclays 99.51 2,661,892.50 (13,030.19) (13,034.26) DTD 05/13/2026 4.300% 11/15/2030

2.07 4.58
TAOT 2026-B A3 89240QAD7 1,685,000.00 MIZU 99.29 1,672,958.99 (11,685.64) (11,711.09) DTD 04/21/2026 4.130% 12/16/2030

2.06 4.51
HART 2026-A A3 448981AD2 690,000.00 BOFAML 98.57 680,115.06 (9,838.37) (9,844.64) DTD 02/18/2026 3.790% 02/18/2031

1.96 4.55
VZMT 2026-1 A1A 92348KFC2 3,620,000.00 SMBC 99.24 3,592,368.54 (27,127.56) (27,164.48) DTD 03/13/2026 3.940% 02/20/2031

2.01 4.50
BACCT 2026-A1 A 05522RDL9 3,690,000.00 BOFAML 99.17 3,659,476.32 (30,152.47) (30,177.78) DTD 05/14/2026 4.220% 04/15/2031

2.50 4.59
Security Type Sub-Total 69,441,034.35 69,146,625.44 (285,649.65) (287,886.88) 1.37 4.41 Managed Account Sub-Total 465,339,562.23 460,326,482.62 (1,960,496.60) (3,657,332.99) 2.38 4.43 Total Investments $463,890,449.81
$3,563,967.19
$460,326,482.62
Accrued Interest
Securities Sub-Total $465,339,562.23 ($1,960,496.60) ($3,657,332.99) 2.38 4.43% PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 28 U.S. Bancorp Asset Management, Inc.
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2026 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
07/15/26 US TREASURY N/B
DTD 07/15/2024 4.375% 07/15/2027
07/14/26 91282CKZ3 11,210,000.00 (11,240,652.34) 0.00 (11,240,652.34) 07/17/26 US TREASURY N/B
DTD 06/30/2026 4.125% 06/30/2031
07/16/26 91282CQX2 4,500,000.00 (4,467,128.91) (8,575.07) (4,475,703.98) Transaction Type Sub-Total 15,710,000.00 (15,707,781.25) (8,575.07) (15,716,356.32)

INTEREST
07/01/26 MONEY MARKET FUND
DTD 01/01/2010 0.000% --
07/01/26 MONEY0002 0.00 2,091.50 2,091.50
07/25/26 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
07/01/26 3137F2LJ3 0.00 9,029.62 9,029.62
07/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
07/01/26 3137HACX2 0.00 14,119.70 14,119.70
07/25/26 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
07/01/26 3137HB3G7 0.00 8,606.25 8,606.25
07/25/26 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
07/01/26 3137HBLV4 0.00 8,458.20 8,458.20
07/25/26 FHMS K520 A2
DTD 04/01/2024 5.180% 03/01/2029
07/01/26 3137HCKV3 0.00 9,172.92 9,172.92
07/25/26 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
07/01/26 3137HB3D4 0.00 6,188.40 6,188.40
07/25/26 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
07/01/26 3137HBPD0 0.00 16,875.00 16,875.00
07/25/26 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
07/01/26 3137HAST4 0.00 11,680.42 11,680.42
07/25/26 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
07/01/26 3137HDXL9 0.00 13,250.42 13,250.42
07/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
07/01/26 3137HAD45 0.00 10,623.32 10,623.32
07/25/26 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
07/01/26 3137F1G44 0.00 6,148.19 6,148.19
07/25/26 FHMS K557 A2
DTD 03/01/2026 3.936% 01/01/2031
07/01/26 3137HQSP7 0.00 6,510.80 6,510.80
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2026 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
07/25/26 FHMS K530 A2
DTD 11/01/2024 4.792% 09/01/2029
07/01/26 3137HHJL6 0.00 15,893.47 15,893.47
07/25/26 FHMS K518 A2
DTD 03/01/2024 5.400% 01/01/2029
07/01/26 3137HC2L5 0.00 12,217.50 12,217.50
07/25/26 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
07/01/26 3137HAMR4 0.00 12,594.73 12,594.73
07/25/26 FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
07/01/26 3137HBFY5 0.00 8,621.30 8,621.30
07/25/26 FHMS K558 A2
DTD 03/01/2026 4.130% 03/01/2031
07/01/26 3137HQSV4 0.00 6,883.33 6,883.33
07/25/26 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
07/01/26 3137HAMG8 0.00 7,111.06 7,111.06
07/25/26 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
07/01/26 3137HC2C5 0.00 14,971.69 14,971.69
07/25/26 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
07/01/26 3137HBCF9 0.00 7,425.63 7,425.63
07/25/26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
07/01/26 3137HAMH6 0.00 14,725.00 14,725.00
07/25/26 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
07/01/26 3137BXQY1 0.00 10,746.67 10,746.67
07/25/26 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
07/01/26 3137HDV56 0.00 12,763.67 12,763.67
07/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.172% 07/01/2028
07/01/26 3136BQDE6 0.00 11,256.22 11,256.22
07/25/26 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
07/01/26 3137HAMS2 0.00 15,200.00 15,200.00
07/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
07/01/26 3137BTUM1 0.00 6,469.90 6,469.90
07/25/26 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
07/01/26 3137HAMN3 0.00 4,557.56 4,557.56
07/25/26 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
07/01/26 3137HAQ74 0.00 15,207.50 15,207.50
07/25/26 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
07/01/26 3137HBPM0 0.00 17,115.63 17,115.63
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2026 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
07/08/26 CATERPILLAR FINL SERVICE
DTD 01/08/2026 4.150% 01/08/2031
07/08/26 14913UBH2 0.00 8,922.50 8,922.50
07/13/26 TOTALENERGI CAP USA LLC
(CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
07/13/26 89158TAA7 0.00 90,270.00 90,270.00
07/14/26 JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
07/14/26 24422EXB0 0.00 63,236.25 63,236.25
07/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
07/15/26 31680EAD3 0.00 3,594.93 3,594.93
07/15/26 COPAR 2025-1 A3
DTD 11/05/2025 3.850% 07/15/2030
07/15/26 14043YAD7 0.00 3,096.04 3,096.04
07/15/26 BAAT 2023-1A A3
DTD 07/31/2023 5.530% 02/15/2028
07/15/26 06428AAC2 0.00 1,449.08 1,449.08
07/15/26 US TREASURY N/B
DTD 07/17/2023 4.500% 07/15/2026
07/15/26 91282CHM6 0.00 247,387.50 247,387.50
07/15/26 TAOT 2025-C A3
DTD 07/30/2025 4.110% 03/15/2030
07/15/26 89238VAD0 0.00 5,599.88 5,599.88
07/15/26 USAOT 2023-A A3
DTD 09/15/2023 5.580% 05/15/2028
07/15/26 90291VAC4 0.00 2,342.85 2,342.85
07/15/26 KCOT 2023-2A A3
DTD 07/26/2023 5.280% 01/18/2028
07/15/26 500945AC4 0.00 1,596.94 1,596.94
07/15/26 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/15/2029
07/15/26 161571HV9 0.00 12,995.00 12,995.00
07/15/26 ALLYA 2025-1 A3
DTD 10/16/2025 3.960% 03/15/2030
07/15/26 02008KAC7 0.00 2,838.00 2,838.00
07/15/26 BAAT 2023-2A A3
DTD 11/21/2023 5.740% 06/15/2028
07/15/26 06054YAC1 0.00 4,868.82 4,868.82
07/15/26 HART 2026-A A3
DTD 02/18/2026 3.790% 02/18/2031
07/15/26 448981AD2 0.00 2,179.25 2,179.25
07/15/26 TAOT 2026-B A3
DTD 04/21/2026 4.130% 12/16/2030
07/15/26 89240QAD7 0.00 5,799.21 5,799.21
07/15/26 HART 2025-C A3
DTD 09/17/2025 3.880% 04/15/2030
07/15/26 44935JAD8 0.00 6,596.00 6,596.00
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2026 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
07/15/26 AMXCA 2025-4 A
DTD 07/22/2025 4.300% 07/15/2030
07/15/26 02582JKV1 0.00 8,116.25 8,116.25
07/15/26 FORDO 2026-A A3
DTD 03/24/2026 4.050% 10/15/2030
07/15/26 34532WAD7 0.00 5,585.63 5,585.63
07/15/26 TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
07/15/26 87612EBM7 0.00 3,558.75 3,558.75
07/15/26 HART 2025-B A3
DTD 06/11/2025 4.360% 12/17/2029
07/15/26 44935XAD7 0.00 3,488.00 3,488.00
07/15/26 COMET 2025-A1 A
DTD 09/16/2025 3.820% 09/15/2030
07/15/26 14041NGF2 0.00 8,165.25 8,165.25
07/15/26 USAOT 2025-A A3
DTD 10/09/2025 3.950% 12/17/2029
07/15/26 90327HAC3 0.00 3,160.00 3,160.00
07/15/26 CHAIT 2025-A1 A
DTD 07/25/2025 4.160% 07/15/2030
07/15/26 161571HZ0 0.00 11,058.67 11,058.67
07/15/26 BAAT 2026-1A A3
DTD 04/24/2026 4.180% 10/15/2030
07/15/26 05620EAD0 0.00 3,866.50 3,866.50
07/15/26 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
07/15/26 02582JKD1 0.00 13,467.25 13,467.25
07/15/26 HART 2025-A A3
DTD 03/12/2025 4.320% 10/15/2029
07/15/26 44935CAD3 0.00 9,090.00 9,090.00
07/15/26 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
07/15/26 44918CAD4 0.00 2,371.54 2,371.54
07/15/26 HAROT 2026-2 A3
DTD 05/13/2026 4.300% 11/15/2030
07/15/26 43814YAD3 0.00 9,585.42 9,585.42
07/15/26 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
07/15/26 89239FAD4 0.00 1,834.14 1,834.14
07/15/26 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
07/15/26 161571HT4 0.00 12,986.00 12,986.00
07/15/26 KCOT 2025-1A A3
DTD 02/19/2025 4.670% 06/15/2029
07/15/26 50117FAC5 0.00 6,032.08 6,032.08
07/15/26 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
07/15/26 05522RDK1 0.00 6,572.75 6,572.75
07/15/26 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
07/15/26 89231FAD2 0.00 974.59 974.59
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2026 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
07/15/26 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
07/15/26 89240KAD0 0.00 3,345.33 3,345.33
07/15/26 TAOT 2025-D A3
DTD 10/23/2025 3.840% 06/17/2030
07/15/26 89231GAD0 0.00 8,240.00 8,240.00
07/15/26 HART 2025-D A3
DTD 11/12/2025 3.990% 09/16/2030
07/15/26 44891XAD9 0.00 6,018.25 6,018.25
07/15/26 BACCT 2026-A1 A
DTD 05/14/2026 4.220% 04/15/2031
07/15/26 05522RDL9 0.00 12,976.50 12,976.50
07/15/26 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
07/15/26 05522RDH8 0.00 5,664.75 5,664.75
07/15/26 HAROT 2025-4 A3
DTD 11/12/2025 3.980% 06/17/2030
07/15/26 43814XAD5 0.00 5,787.58 5,787.58
07/16/26 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
07/16/26 36268GAD7 0.00 733.93 733.93
07/16/26 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
07/16/26 362549AD9 0.00 2,425.33 2,425.33
07/17/26 PEPSICO INC (CALLABLE)
DTD 07/17/2024 4.500% 07/17/2029
07/17/26 713448FX1 0.00 43,537.50 43,537.50
07/17/26 COOPERAT RABOBANK UA/NY
DTD 07/20/2023 5.080% 07/17/2026
07/17/26 21684LGS5 0.00 88,900.00 88,900.00
07/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
07/18/26 43815QAC1 0.00 2,507.06 2,507.06
07/20/26 VZMT 2026-1 A1A
DTD 03/13/2026 3.940% 02/20/2031
07/20/26 92348KFC2 0.00 11,885.67 11,885.67
07/21/26 HAROT 2026-1 A3
DTD 02/18/2026 3.780% 09/23/2030
07/21/26 43815CAD0 0.00 3,165.75 3,165.75
07/21/26 HAROT 2025-3 A3
DTD 08/12/2025 4.040% 02/21/2030
07/21/26 43813QAD1 0.00 7,928.50 7,928.50
07/22/26 JPMORGAN CHASE & CO (CALLABLE)
DTD 07/22/2024 4.995% 07/22/2030
07/22/26 46647PEJ1 0.00 108,141.75 108,141.75
07/22/26 BANK OF NY MELLON CORP
(CALLABLE)
DTD 01/22/2026 4.026% 01/22/2030
07/22/26 06406RCG0 0.00 69,951.75 69,951.75
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 33 U.S. Bancorp Asset Management, Inc.
#13..
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2026 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
07/24/26 BANK OF AMERICA CORP (CALLABLE)
DTD 01/24/2025 4.979% 01/24/2029
07/24/26 06051GMK2 0.00 51,283.70 51,283.70
07/25/26 CHAOT 2025-1A A3
DTD 07/30/2025 4.290% 06/25/2030
07/25/26 16145NAC5 0.00 4,057.63 4,057.63
07/25/26 CHAOT 2025-2A A3
DTD 10/29/2025 3.860% 10/25/2030
07/25/26 16144MAD6 0.00 5,098.42 5,098.42
07/31/26 US TREASURY N/B
DTD 02/02/2026 3.750% 01/31/2031
07/31/26 91282CPW5 0.00 165,093.75 165,093.75
07/31/26 US TREASURY N/B
DTD 01/31/2023 3.500% 01/31/2028
07/31/26 91282CGH8 0.00 10,412.50 10,412.50
07/31/26 US TREASURY N/B
DTD 07/31/2024 4.000% 07/31/2029
07/31/26 91282CLC3 0.00 42,100.00 42,100.00
07/31/26 US TREASURY N/B
DTD 07/31/2025 3.875% 07/31/2030
07/31/26 91282CNN7 0.00 73,237.50 73,237.50
07/31/26 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
07/31/26 91282CMG3 0.00 184,556.25 184,556.25
07/31/26 US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
07/31/26 91282CBJ9 0.00 431.25 431.25
Transaction Type Sub-Total 0.00 1,806,681.32 1,806,681.32

MATURITY
07/15/26 US TREASURY N/B
DTD 07/17/2023 4.500% 07/15/2026
07/15/26 91282CHM6 10,995,000.00 10,995,000.00 0.00 10,995,000.00 (42,090.23) 0.00 07/17/26 COOPERAT RABOBANK UA/NY
DTD 07/20/2023 5.080% 07/17/2026
07/17/26 21684LGS5 3,500,000.00 3,500,000.00 0.00 3,500,000.00 0.00 0.00 Transaction Type Sub-Total 14,495,000.00 14,495,000.00 0.00 14,495,000.00 (42,090.23) 0.00

PAYDOWNS
07/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
07/01/26 3137HACX2 6,999.86 6,999.86 0.00 6,999.86 (69.91) (28.12) 07/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.172% 07/01/2028
07/01/26 3136BQDE6 81,701.41 81,701.41 0.00 81,701.41 1,385.09 574.42 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 34 U.S. Bancorp Asset Management, Inc.
#13..
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2026 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
07/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
07/01/26 3137HAD45 923,070.84 923,070.84 0.00 923,070.84 23.08 9.32 07/25/26 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
07/01/26 3137HBCF9 262.79 262.79 0.00 262.79 (2.45) (1.27) 07/25/26 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
07/01/26 3137HAMR4 25,921.07 25,921.07 0.00 25,921.07 406.78 176.92 07/25/26 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
07/01/26 3137F2LJ3 5,796.86 5,796.86 0.00 5,796.86 375.89 96.21 07/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
07/01/26 3137BTUM1 17,782.58 17,782.58 0.00 17,782.58 547.37 62.51 07/25/26 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
07/01/26 3137HAMN3 6,523.64 6,523.64 0.00 6,523.64 0.03 0.01 07/25/26 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
07/01/26 3137HAMG8 10,301.53 10,301.53 0.00 10,301.53 154.06 67.04 07/15/26 KCOT 2023-2A A3
DTD 07/26/2023 5.280% 01/18/2028
07/15/26 500945AC4 48,384.41 48,384.41 0.00 48,384.41 12.22 4.12 07/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
07/15/26 31680EAD3 101,322.51 101,322.51 0.00 101,322.51 6.28 2.63 07/15/26 USAOT 2023-A A3
DTD 09/15/2023 5.580% 05/15/2028
07/15/26 90291VAC4 110,677.36 110,677.36 0.00 110,677.36 19.37 8.08 07/15/26 BAAT 2023-2A A3
DTD 11/21/2023 5.740% 06/15/2028
07/15/26 06054YAC1 128,398.32 128,398.32 0.00 128,398.32 2.32 0.93 07/15/26 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
07/15/26 89231FAD2 31,690.14 31,690.14 0.00 31,690.14 7.17 2.69 07/15/26 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
07/15/26 89239FAD4 36,294.54 36,294.54 0.00 36,294.54 3.91 1.78 07/15/26 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
07/15/26 44918CAD4 54,959.48 54,959.48 0.00 54,959.48 7.23 3.48 07/15/26 BAAT 2023-1A A3
DTD 07/31/2023 5.530% 02/15/2028
07/15/26 06428AAC2 53,922.55 53,922.55 0.00 53,922.55 2.04 0.71 07/16/26 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
07/16/26 36268GAD7 18,044.63 18,044.63 0.00 18,044.63 3.63 1.89 07/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
07/18/26 43815QAC1 84,777.43 84,777.43 0.00 84,777.43 17.48 6.17 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 35 U.S. Bancorp Asset Management, Inc.
#13..
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Managed Account Security Transactions & Interest For the Month Ending July 31, 2026 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
Transaction Type Sub-Total 1,746,831.95 1,746,831.95 0.00 1,746,831.95 2,901.59 989.52 Managed Account Sub-Total 534,050.70 1,798,106.25 2,332,156.95 (39,188.64) 989.52 Total Security Transactions $534,050.70 $1,798,106.25 $2,332,156.95 ($39,188.64) $989.52 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 36 U.S. Bancorp Asset Management, Inc.
#13..
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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
7/31/2024 3.79% 50,908,210.76 5.43% 400,074,642.53 3.44% 43,066,591.51 5.14% 8/31/2024 3.65% 36,112,852.04 5.41% 400,899,946.42 3.34% 43,149,544.75 5.10% 9/30/2024 3.73% 21,244,197.28 5.29% 401,135,133.05 3.54% 43,205,826.11 4.78% 10/31/2024 3.80% 35,394,422.01 5.03% 403,285,397.15 3.62% 32,709,563.98 4.65% 11/30/2024 3.83% 36,072,860.08 4.87% 404,702,479.08 3.67% 32,740,820.12 4.65% 12/31/2024 3.84% 28,695,113.02 4.73% 405,389,405.62 3.71% 32,773,649.87 4.65% 1/31/2025 3.92% 28,806,032.00 4.55% 405,929,868.49 3.82% 32,806,480.28 4.65% 2/28/2025 3.96% 28,905,743.58 4.51% 407,804,449.58 3.87% 32,836,151.16 4.65% 3/31/2025 4.09% 44,039,271.43 4.47% 408,339,752.77 4.00% 32,869,009.39 4.65% 4/30/2025 4.09% 44,200,320.85 4.45% 409,488,391.09 4.01% 32,900,814.33 4.65% 5/31/2025 4.11% 79,438,306.43 4.42% 410,441,768.77 4.04% 32,935,133.33 4.31% 6/30/2025 4.14% 79,725,922.37 4.40% 412,622,161.85 4.08% 32,944,543.05 4.31% 7/31/2025 4.14% 59,964,300.41 4.41% 413,979,818.20 4.10% 33,186,228.57 4.08% 8/31/2025 4.15% 60,188,576.00 4.40% 415,507,339.76 4.12% 33,191,772.31 4.08% 9/30/2025 4.20% 50,385,416.20 4.36% 415,105,801.40 4.20% 33,383,909.00 3.97% 10/31/2025 4.20% 50,567,728.74 4.26% 418,980,906.24 4.21% 33,376,279.26 3.97% 11/30/2025 4.22% 50,738,014.85 4.10% 418,324,184.39 4.25% 33,368,986.12 3.97% 12/31/2025 4.21% 40,897,392.32 3.95% 418,804,876.80 4.26% 33,361,531.69 3.97% 1/31/2026 4.23% 31,011,170.63 3.85% 420,801,727.19 4.28% 33,354,002.10 3.97% 2/28/2026 4.21% 31,102,230.57 3.83% 423,583,119.84 4.26% 33,347,145.30 3.97% 3/31/2026 4.20% 31,202,481.58 3.80% 426,758,956.72 4.25% 33,339,545.05 3.97% 4/30/2026 4.19% 61,343,149.62 3.78% 428,599,720.15 4.26% 33,332,182.95 3.97% 5/31/2026 4.21% 51,517,300.19 3.76% 429,424,228.58 4.29% 33,514,206.71 3.88% 6/30/2026 4.24% 51,676,832.19 3.77% 430,980,593.65 4.32% 33,496,475.20 3.88% 7/31/2026 4.26% 12,806,262.80 3.78% 417,542,858.12 4.31% 33,724,494.20 3.88% 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. #13..
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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, 2027
Expected
Earnings to
June 30, 2027
Main Portfolio
Federal Agency CMBS
FHLMC 2,301,873 11/1/2026 4.080% 0 25,166 4.16% 87,669
FHLMC 4,000,000 3/1/2027 4.080% 1 115,274 4.64% 169,855 FHLMC 2,275,000 4/1/2027 4.160% 1 75,050 4.71% 98,138
FHLMC 3,470,477 6/1/2027 4.200% 1 144,048 4.89% 155,394 FHLMC 3,122,761 4/1/2028 4.330% 2 270,916 5.19% 148,338 FHLMC 1,824,812 5/1/2028 4.330% 2 160,198 5.01% 83,603
FHLMC 3,493,000 6/1/2028 4.420% 2 294,921 4.59% 146,801 FHLMC 1,745,547 6/1/2028 4.310% 2 153,307 4.78% 76,311
FNMA 3,125,313 7/1/2028 4.430% 2 274,648 4.58% 130,859
FHLMC 3,800,000 8/1/2028 4.520% 2 380,043 4.99% 173,407 FHLMC 1,030,858 8/1/2028 4.410% 2 108,991 5.27% 49,731
FHLMC 3,850,000 8/1/2028 4.480% 2 405,489 5.25% 185,018 FHLMC 3,800,000 9/1/2028 4.450% 2 403,112 5.07% 176,461 FHLMC 2,890,000 9/1/2028 4.480% 2 338,584 5.60% 148,214 FHLMC 1,465,000 10/1/2028 4.480% 2 163,446 5.14% 68,841 FHLMC 2,125,000 10/1/2028 4.500% 2 227,423 4.93% 95,787 FHLMC 1,781,888 11/1/2028 4.480% 2 192,581 4.79% 78,061 FHLMC 2,190,000 12/1/2028 4.510% 2 230,503 4.50% 90,150 FHLMC 2,220,000 12/1/2028 4.470% 2 225,682 4.34% 88,265 FHLMC 3,750,000 1/1/2029 4.510% 2 435,220 4.79% 164,253 FHLMC 3,750,000 1/1/2029 4.510% 2 435,429 4.79% 164,331 FHLMC 3,355,000 1/1/2029 4.560% 2 379,623 4.67% 143,270 FHLMC 2,715,000 1/1/2029 4.470% 2 318,015 4.83% 120,019 FHLMC 2,125,000 3/1/2029 4.560% 3 279,472 5.09% 98,881
FHLMC 3,245,000 5/1/2029 4.510% 3 408,886 4.58% 135,889 FHLMC 3,500,000 7/1/2029 4.550% 3 442,916 4.33% 138,775 FHLMC 3,980,000 9/1/2029 4.580% 3 574,365 4.67% 170,069 FHLMC 1,985,000 1/1/2031 4.630% 4 345,732 3.94% 71,501
FHLMC 2,000,000 3/1/2031 4.630% 5 373,472 4.07% 74,516
U.S. Treasury
U.S. Treasury 11,207,000 9/15/2026 3.800% 0 52,167 4.05% 415,471 U.S. Treasury 11,210,000 5/15/2027 4.130% 1 340,786 3.89% 398,924 U.S. Treasury 11,210,000 7/15/2027 4.150% 1 438,723 4.09% 419,867 U.S. Treasury 7,525,000 10/31/2027 4.140% 1 368,493 3.91% 269,314 U.S. Treasury 915,000 10/31/2027 4.200% 1 43,650 3.81% 31,901 U.S. Treasury 3,160,000 10/31/2027 4.200% 1 143,549 3.63% 104,914 U.S. Treasury 4,250,000 12/31/2027 4.240% 1 227,913 3.78% 146,955 U.S. Treasury 115,000 1/31/2028 4.240% 2 6,334 3.66% 3,854 U.S. Treasury 595,000 1/31/2028 4.250% 2 31,478 3.52% 19,150 U.S. Treasury 1,245,000 2/29/2028 4.250% 2 83,776 4.25% 48,411 U.S. Treasury 880,000 3/31/2028 4.190% 2 51,265 3.49% 28,116 U.S. Treasury 1,220,000 4/15/2028 4.270% 2 79,363 3.81% 42,480 U.S. Treasury 225,000 4/30/2028 4.270% 2 13,391 3.40% 6,999 U.S. Treasury 545,000 5/15/2028 4.270% 2 35,266 3.61% 18,010 U.S. Treasury 510,000 11/15/2028 4.300% 2 42,616 3.64% 16,985 U.S. Treasury 1,095,000 6/30/2029 4.340% 3 141,465 4.43% 44,366 U.S. Treasury 2,105,000 7/31/2029 4.340% 3 243,071 3.85% 74,075 U.S. Treasury 7,550,000 8/31/2029 4.340% 3 834,357 3.58% 247,272 U.S. Treasury 8,695,000 9/30/2029 4.350% 3 981,977 3.56% 283,475 U.S. Treasury 4,850,000 10/31/2029 4.360% 3 659,844 4.18% 185,512 U.S. Treasury 6,315,000 11/30/2029 4.360% 3 860,751 4.08% 236,035 U.S. Treasury 12,365,000 12/31/2029 4.310% 3 1,872,349 4.43% 500,692 U.S. Treasury 3,470,000 1/31/2030 4.380% 4 527,321 4.33% 137,598 U.S. Treasury 5,215,000 1/31/2030 4.380% 4 727,688 3.98% 189,881 U.S. Treasury 8,565,000 2/28/2030 4.370% 4 1,215,113 3.96% 310,281 U.S. Treasury 10,775,000 3/31/2030 4.320% 4 1,537,165 3.89% 383,430 U.S. Treasury 4,690,000 4/30/2030 4.380% 4 677,471 3.85% 165,285 U.S. Treasury 5,400,000 5/31/2030 4.390% 4 828,866 4.00% 197,744 U.S. Treasury 1,805,000 6/30/2030 4.390% 4 269,309 3.81% 62,902 U.S. Treasury 3,780,000 7/31/2030 4.400% 4 602,899 3.98% 137,829 U.S. Treasury 16,460,000 8/31/2030 4.370% 4 2,518,136 3.74% 563,711 U.S. Treasury 1,225,000 9/30/2030 4.400% 4 188,340 3.69% 41,331 U.S. Treasury 1,500,000 9/30/2030 4.400% 4 232,735 3.72% 51,073 U.S. Treasury 7,075,000 11/30/2030 4.410% 4 1,112,578 3.63% 234,745 U.S. Treasury 695,000 12/31/2030 4.410% 4 114,727 3.73% 23,741 U.S. Treasury 4,960,000 1/31/2031 4.420% 5 853,564 3.82% 173,307 U.S. Treasury 3,845,000 1/31/2031 4.420% 5 649,935 3.75% 131,963 U.S. Treasury 5,250,000 2/28/2031 4.410% 5 930,447 3.87% 185,756 U.S. Treasury 1,915,000 4/30/2031 4.420% 5 376,439 4.14% 72,509 Earnings to
Maturity
July 31, 2026
#13..
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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, 2027
Expected
Earnings to
June 30, 2027
Earnings to
Maturity
July 31, 2026
Corporate Note
Target Corp 365,000 1/15/2027 4.090% 0 3,337 3.04% 10,168 Microsoft Corp 3,000,000 2/6/2027 4.220% 1 63,354 4.08% 112,069 Home Depot Inc 3,610,000 9/14/2027 4.320% 1 168,606 4.16% 137,352 JPMorgan Chase & Co 1,535,000 2/24/2028 4.710% 2 123,632 5.13% 72,065 Kenvue Inc. 2,300,000 3/22/2028 4.610% 2 155,898 4.12% 86,783 Morgan Stanley 1,360,000 5/26/2028 4.590% 2 136,379 5.50% 68,497 Morgan Stanley 2,640,000 5/26/2028 4.590% 2 262,080 5.45% 131,631 Deere & Company 1,165,000 7/14/2028 4.320% 2 113,582 4.98% 53,132 Deere & Company 495,000 7/14/2028 4.320% 2 44,949 4.64% 21,026 Deere & Company 895,000 7/14/2028 4.320% 2 82,794 4.73% 38,730 Paccar Financial Corp 1,130,000 8/10/2028 4.430% 2 116,857 5.09% 52,672 National Rural Utilities Co Finance Corp 1,550,000 8/25/2028 4.640% 2 134,519 4.19% 59,431 Toyota Motor Corp 2,800,000 9/11/2028 4.460% 2 313,690 5.29% 135,540 Citigroup Inc 5,650,000 9/29/2028 4.490% 2 710,534 5.80% 300,023 Bank Of America Co 2,060,000 1/24/2029 4.550% 2 238,622 4.66% 87,775 Alphabet Inc 610,000 2/15/2029 4.560% 3 59,511 3.83% 21,373 Alphabet Inc 655,000 2/15/2029 4.560% 3 62,382 3.74% 22,404 Alphabet Inc 655,000 2/15/2029 4.560% 3 62,334 3.74% 22,386 Alphabet Inc 3,925,000 2/15/2029 4.560% 3 373,636 3.74% 134,187 State Street Corporation 1,900,000 2/20/2029 4.630% 3 220,481 4.53% 78,760 Caterpillar Inc 2,790,000 2/23/2029 4.590% 3 272,242 3.80% 96,939 Cisco Systems Inc 170,000 2/26/2029 4.580% 3 17,477 3.99% 6,203 Blackrock Inc. 365,000 3/14/2029 4.500% 3 45,371 4.74% 15,835 Salesforce Inc 3,250,000 3/15/2029 4.830% 3 397,317 4.66% 138,522 Depository Trust Company 5,500,000 3/27/2029 4.650% 3 623,523 4.27% 214,697 Adobe 1,580,000 4/4/2029 4.560% 3 204,645 4.83% 69,889
Adobe 1,295,000 4/4/2029 4.560% 3 165,510 4.77% 56,524
The Bank Of New York Mellon Corporation 2,700,000 4/20/2029 4.680% 3 327,027 4.45% 109,886 Pepsico Inc 1,935,000 7/17/2029 4.510% 3 260,126 4.53% 80,298 Eli Lilly & Co 660,000 8/14/2029 4.550% 3 85,283 4.25% 25,662 Eli Lilly & Co 2,290,000 8/14/2029 4.550% 3 290,215 4.17% 87,326 The Bank Of New York Mellon Corporation 1,165,000 1/22/2030 5.160% 3 163,325 4.03% 42,919 The Bank Of New York Mellon Corporation 2,310,000 1/22/2030 5.160% 3 327,715 4.07% 86,119 Pepsico Inc 730,000 2/7/2030 4.570% 4 119,382 4.64% 30,982 Morgan Stanley 2,000,000 2/8/2030 4.740% 4 296,635 4.20% 76,922 Apple Inc 1,834,000 5/11/2030 4.560% 4 290,113 4.18% 70,216 Apple Inc 4,890,000 5/11/2030 4.560% 4 773,935 4.19% 187,315 Charles Schwab 770,000 5/21/2030 4.740% 4 139,110 4.74% 33,426 Charles Schwab 2,480,000 5/21/2030 4.740% 4 449,345 4.76% 107,972 JPMorgan Chase & Co 4,330,000 7/22/2030 4.840% 4 776,990 4.51% 178,729 Novartis Capital Corp 5,525,000 11/5/2030 4.740% 4 982,721 4.17% 210,673 Caterpillar Inc 430,000 1/8/2031 4.760% 4 79,453 4.16% 16,361 Totalenergi Cap USA LLC 1,790,000 1/13/2031 4.840% 4 338,947 4.25% 69,581 Totalenergi Cap USA LLC 2,460,000 1/13/2031 4.840% 4 460,015 4.20% 94,435 Visa Inc 4,920,000 2/12/2031 4.570% 5 873,651 3.91% 176,101 Bank Of America Co 4,060,000 2/13/2031 4.970% 5 766,743 4.16% 154,459 Amazon.Com Inc 6,000,000 3/13/2031 4.910% 5 1,256,019 4.53% 248,820 Depository Trust Company 1,025,000 3/27/2031 4.880% 5 218,118 4.57% 42,854 Wal-Mart Stores Inc 1,445,000 4/30/2031 4.580% 5 288,168 4.20% 55,506 Meta Platforms Inc 2,221,000 5/15/2031 5.030% 5 498,273 4.68% 95,153 Meta Platforms Inc 4,280,000 5/15/2031 5.030% 5 959,587 4.68% 183,249 Mastercard Inc 3,920,000 6/8/2031 4.850% 5 879,357 4.62% 165,654 Mastercard Inc 1,000,000 6/8/2031 4.850% 5 224,948 4.63% 42,376 Mastercard Inc 1,580,000 6/8/2031 4.850% 5 355,732 4.64% 67,013 NVIDIA Corp 2,940,000 6/15/2031 5.000% 5 651,354 4.54% 122,220 Asset-Backed Securities
Kubota Credit Owners Trust 314,558 1/18/2028 4.260% 1 24,419 5.29% 15,216 Bank of America Auto Trust 260,525 2/15/2028 4.320% 2 22,266 5.53% 13,186 Honda Auto Receivables 471,317 2/18/2028 4.020% 2 39,648 5.42% 23,355 Toyota Motor Corp 194,958 4/17/2028 4.190% 2 17,271 5.17% 9,215 USAA Owners Trust 393,162 5/15/2028 4.100% 2 39,339 5.58% 20,090 Bank of America Auto Trust 889,473 6/15/2028 4.280% 2 95,824 5.74% 46,723 Fifth Third Auto Trust 678,770 8/15/2028 4.420% 2 76,737 5.53% 34,357 Toyota Motor Corp 360,992 8/15/2028 4.220% 2 40,893 5.54% 18,309 American Express Co 3,090,000 9/15/2028 3.920% 2 344,089 5.23% 147,910 Chase Issurance 3,020,000 9/15/2028 3.960% 2 332,135 5.17% 142,771 Hyundai Auto Receivables 458,731 10/16/2028 4.140% 2 56,289 5.54% 23,268 Bank Of America Co 1,365,000 11/15/2028 4.070% 2 156,162 4.98% 62,241 Gm Financial Securitized Term 163,547 12/18/2028 4.250% 2 18,946 4.85% 7,265 Chase Issurance 3,390,000 1/15/2029 4.190% 2 384,366 4.60% 142,801 Kubota Credit Owners Trust 1,550,000 6/15/2029 4.540% 3 208,271 4.67% 66,250 Hyundai Auto Receivables 2,525,000 10/15/2029 4.340% 3 350,535 4.32% 99,897 USAA Owners Trust 960,000 12/17/2029 4.390% 3 128,376 3.95% 34,719 Hyundai Auto Receivables 960,000 12/17/2029 4.420% 3 141,691 4.36% 38,320 Honda Auto Receivables 2,355,000 2/21/2030 4.460% 4 339,156 4.04% 87,070 Ally Auto Receivables Trust 860,000 3/15/2030 4.380% 4 123,550 3.96% 31,191 Toyota Motor Corp 1,635,000 3/15/2030 4.430% 4 243,720 4.11% 61,529 Hyundai Auto Receivables 2,040,000 4/15/2030 4.480% 4 293,917 3.88% 72,502 Gm Financial Securitized Term 680,000 4/16/2030 4.380% 4 108,127 4.28% 26,653 Bank Of America Co 1,830,000 5/15/2030 4.470% 4 299,069 4.31% 72,174 Honda Auto Receivables 1,745,000 6/17/2030 4.550% 4 269,927 3.98% 63,624 Toyota Motor Corp 2,575,000 6/17/2030 4.460% 4 384,141 3.84% 90,546 Citigroup Inc 3,990,000 6/21/2030 4.520% 4 668,911 4.31% 157,225 Chase Auto Owner Trust 1,135,000 6/25/2030 4.430% 4 190,194 4.29% 44,579 American Express Co 2,265,000 7/15/2030 4.480% 4 385,864 4.30% 89,189 Capital One Prime Auto Receivables 965,000 7/15/2030 4.580% 4 147,267 3.85% 34,039 Chase Issurance 3,190,000 7/15/2030 4.510% 4 525,413 4.16% 121,445 Capital One Financial Corp 2,565,000 9/15/2030 4.500% 4 404,962 3.82% 89,753 Hyundai Auto Receivables 1,810,000 9/16/2030 4.520% 4 298,515 3.99% 66,117 Toyota Motor Corp 1,040,000 9/16/2030 4.490% 4 165,941 3.86% 36,754 Honda Auto Receivables 1,005,000 9/23/2030 4.600% 4 157,835 3.78% 34,797 Bank of America Auto Trust 1,110,000 10/15/2030 4.670% 4 195,553 4.18% 42,495 #13..
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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, 2027
Expected
Earnings to
June 30, 2027
Earnings to
Maturity
July 31, 2026
Ford Credit Auto Owner Trust 1,655,000 10/15/2030 4.530% 4 282,571 4.05% 61,404 Chase Auto Owner Trust 1,585,000 10/25/2030 4.470% 4 259,361 3.86% 55,996 Honda Auto Receivables 2,675,000 11/15/2030 4.580% 4 494,204 4.30% 105,270 Toyota Motor Corp 1,685,000 12/16/2030 4.510% 4 305,233 4.14% 63,757 Hyundai Auto Receivables 690,000 2/18/2031 4.550% 5 119,192 3.79% 23,939 Verizon 3,620,000 2/20/2031 4.560% 5 651,114 3.94% 130,614 Bank Of America Co 3,690,000 4/15/2031 4.590% 5 733,750 4.22% 142,567 Municipal Securities
Hawaii St 1,130,000 4/1/2031 4.560% 5 222,362 4.21% 43,559 Overnight Investments 2,380,947 Varies Varies 3.74% 81,381 Totals (Main Portfolio) 467,720,510 59,099,820 4.28% 18,297,820 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. #13..
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Attachment 5
Issue Name / Type Trustee Bank Investment Total Amount
($)
Fair Market
Value
Instl Res Tre and Agny Cash Adv6541 568,578.79 568,578.79 Financial Guaranty Insurance Pol 1.00 1.00
CAMP 1,967,920.32 1,967,920.32
Total 2,536,500.11 2,536,500.11
Instl Res Tre and Agny Cash Adv6541 1,148,758.47 1,148,758.47 Letter of Credit 1.00 1.00
CAMP 4,885,444.37 4,885,444.37
Total 6,034,203.84 6,034,203.84
2018 Wastewater Refunding Bank of New York Fidelity Inv MM Trsy Only 3,863.58 3,863.58 2020 Wastewater Refunding Bank of New York Instl Res Tre and Agny Cash Adv6541 33,914.84 33,914.84 Instl Res Tre and Agny Cash Adv6541 14,953,738.68 14,953,738.68 State and Local Government Series Securities 33,299,677.00 33,299,677.00 Total 48,253,415.68 48,253,415.68
Fairview Village Refunding US Bank First American Treasury Obligation Fund 461,236.03 461,236.03 Blackrock Federal Fund Instl 30 593,590.54 593,590.54
CAMP 2,695,810.44 2,687,640.03
Total 3,289,400.98 3,281,230.57
Other Post Employment Benefits Section 115
Trust PARS HighMark Plus Moderate 2,224,011.24 2,224,011.24 Pension Section 115 Trust PARS HighMark Plus Moderately Conservative 3,435,744.26 3,435,744.26 Athens Administrators (Third Party
Administrator - Worker's Compensation) Wells Fargo Bank 570,377.76 570,377.76 George Hills Company - General Liability
Claims Administration Services California Bank & Trust 89,513.77 89,513.77 Kemper Sports Management Inc. BMO Harris Bank Business Money Market 120,741.73 120,741.73 Stanislaus Community Foundation Modesto Commerce Bank Charles Schwab 1,030,457.85 1,030,457.85 2025 Wastewater Bank of New York
Village One #2 Refunding Bank of New York
Cash with Fiscal Agent Investments
As of July 31, 2026
2008 Water Refunding COP Bank of New York
2008 Lease Revenue Bonds Bank of New York
#13..
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CITY OF MODESTO

COUNCIL AGENDA REPORT
DATE OF MEETING:

October 13, 2026
Date: September 21, 2026
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: Toby Wells, Director of Engineering Services / City Engineer SUBJECT: Highway Safety Improvement Program (HSIP) Grant Application Request CONTACT: Michael Sacuskie, Assistant City Engineer, [email protected], (209) 571-5552
DESCRIPTION:

Consider authorizing the submittal of a Grant Application for Highway Safety Improvement Program (HSIP) funds. (Funding Source: California Department of Transportation Grant Funds)
STRATEGIC PLAN ELEMENT:

The recommended action is consistent with the City of Modesto 2025-2026 Strategic Plan Goal D to provide safe, efficient, and reliable infrastructure through proactive community investment, maintenance, and sustainability efforts.

BACKGROUND:

The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 20211. Under the IIJA, the Local Highway Safety Improvement Program (HSIP)2 is a core federal-aid program for states. The purpose of the HSIP program is to achieve a significant reduction in traffic fatalities and serious injuries on all public roads, including non-State-owned public roads and roads on tribal land.

Caltrans Division of Local Assistance issued a call-for-projects July 1, 2026. The total available funds vary with each funding cycle but have been upwards of $200 million for the past several cycles. Applications for HSIP Cycle 13 are due November 2, 2026. 1 Infrastructure Investment and Jobs Act (IIJA) - https://www.fhwa.dot.gov/bipartisan-infrastructure-law/ 2 Local Highway Safety Improvement Program - https://dot.ca.gov/programs/local-assistance/fed-and-stateprograms/highway-safety-improvement-program #14..
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City Council, October 13, 2026
Highway Safety Improvement Program (HSIP) Grant Application Request