Agenda packet, regular meeting — National City City Council, February 4, 2025

AGENDA
Consolidated Regular Meeting
City Council Chamber - 1243 National City
Boulevard, National City, CA
Ron Morrison, Mayor
Marcus Bush, Vice-Mayor – District 4 Benjamin A. Martinez, City Manager Luz Molina, Councilmember- District 1 Barry J. Schultz, City Attorney Jose Rodriguez, Councilmember -District 2 Shelley Chapel, MMC, City Clerk Ditas Yamane, Councilmember – District 3
_______________________________________________________________________

The City Council also sits as the City of National City Community Development Commission, Housing Authority, Joint Powers Financing Authority, and Successor Agency to the Community Development Commission as the National City Redevelopment Agency
Thank you for participating in local government and the City of National City Council Meetings.

Meetings: Regular City Council Meetings are held on the first and third Tuesday of the month at 6:00 p.m. Special Closed Session Meetings and Workshops may be same d ay, the start time is based on needs. Check Special Agendas for times.

Location: Regular City Council Meetings are held in the Council Chamber located at City Hall, 1243 National City Boulevard, National City, CA 91950, the meetings are open to the public.

Agendas and Material: Agendas and Agenda Packet for items listed are available on the City website, and distributed to the City Council no less than 72 hours before the City Council Meeting.

Public Participation: Encouraged in a number of ways as described below. Members of the public may attend the City Council Meeting in person, watch the City Council Meeting via live web stream, or participate remotel y via Zoom. Recording of Meetings are archived and available for viewing on the City’s website.

Public Comment: Persons wishing to address the City Council on matters not on the agenda may do so under Public Comments. Those wishing to speak on items on the agenda may do so when the item is being considered. Please submit a Speaker’s Slip to the City Clerk before the meeting or immediately following the announcement of the item. All comments will be limited up to three (3) minutes. The Presiding Officer shall have the authority to reduce the time allotted to accommodate for a large number of speakers. (City Council Policy 104) EFFECTIVE JANUARY 1, 2023
All Contributions to Candidates and Current Elected Officials are required to self -report a Declaration of Campaign Contribution to a Councilmember of more than $250 within the past year (effective Jan 1, 2023). This report may be included on the Public Comment Speaker Slip to be completed prior to the City Council Meeting.

If you wish to submit a written comment email
to the City Clerk’s Office at least 1 hour before the
City Council Meeting to allow time for distribution to the City Council.

Spanish Interpretation Services: Spanish Interpretation Services are available; please contact the City Clerk before the start of the meeting for assistance.

American Disabilities Act Title II: In compliance with the American Disabilities Act of 1990, persons with a disability may request an agenda in appropriate alternative formats as required by Title II. Any person with a disability who requires a modification or accommodation to participate in a meeting should direct such request to the City Clerk’s Office (619) 336-4228 at least 24 hours in advance of the meeting.

The City Council also sits as the City of National City Community Development Commission, Housing Authority, Joint Powers Financing Authority, and Successor Agency to the Community Development Commission as the National City Redevelopment Agency
Gracias por participar en las reuniones del gobierno local y del Consejo de la Ciudad de National City.

Reuniones: Las reuniones regulares del Consejo Municipal se llevan a cabo el primer y te rcer martes del mes a las 6:00 p.m. La reunión especial de sesión privada y los talleres pueden ser el mismo día, la hora de inicio se basa en las necesidades. Consulte las agendas especiales para conocer los horarios.

Ubicación: Las reuniones regulares del Concejo Municipal se llevan a cabo en la Cámara del Consejo ubicada en el Ayuntamiento, 1243 National City Boulevard, National City, CA 91950, las reuniones están abiertas al público.

Agendas y Material: Las Agendas y el Paquete de Agenda para los temas enumerados están disponibles en el sitio web de la Ciudad y se distribuyen al Concejo Municipal no menos de 72 horas antes de la Reunión del Concejo Municipal. Regístrese para recibir notificaciones electrónicas cuando se publiquen artículos.

Participación pública: Se fomenta de varias maneras como se describe a continuación. Los miembros del público pueden asistir a la Reunión del Concejo Municipal en persona, ver la Reunión del Concejo Municipal a través de la transmisión web en vivo o participar de forma remota a través de Zoom. Las grabaciones de las reuniones están archivadas y disponibles para su visualización en el sitio web de la Ciudad.

Comentario Público: Las personas que deseen dirigirse al Concejo Municipal sobre asuntos que no están en la agenda pueden hacerlo bajo Comentarios públicos. Quienes deseen hacer uso de la palabra sobre los temas del programa podrán hacerlo cuando se esté examinando el tema.

Por favor, envíe una solicitud del orador al Secretario de la Ciudad antes de la reuni ón o inmediatamente después del anuncio del artículo. Todos los comentarios estarán limitados a tres (3) minutos. El Presidente tendrá la autoridad para reducir el tiempo asignado para dar cabida a un gran número de oradores. (Política del Concejo Municipal 104) Si desea enviar comentarios por escrito, envíe un correo electrónico a la Oficina del Secretario de la Ciudad al menos 1 hora antes de la Reunión del Consejo Municipal para dar tiempo a la distribución al Consejo Municipal.

A PARTIR DEL 1 DE ENERO DE 2023

Todas las contribuciones a los candidatos y funcionarios electos actuales deben autoinformar una Declaración de contribución de campaña a un concejal de más de $ 250 en el último año (a partir del 1 de enero de 2023). Este informe puede incluirse en el Recibo del orador de comentarios públicos que se completará antes de la reunión del Concejo Municipal Servicios de interpretación en español: Los servicios de interpretación en español están disponibles, comuníquese con el Secretario de la Ciudad antes del inicio de la reunión para obtener ayuda.

Título II de la Ley de Discapacidades Americanas: En cumplimiento con la Ley de Discapacidades Americanas de 1990, las personas con discapacidad pueden solicitar una agenda en formatos alternativos apropiados según lo requerido por el Título II. Cualquier persona con una discapacidad que requiera un modificación o adaptación para participar en una reunión debe dirigir dicha solicitud a la Oficina del Secretario de la Ciudad (619) 336 -4228 al menos 24 horas antes de la reunión.

AGENDA
Consolidated Regular Meeting

Tuesday, February 4, 2025, 6:00 p.m.

City Council Chamber - 1243 National City Boulevard
National City, CA
Pages

1. CALL TO ORDER

2. ROLL CALL

3. PLEDGE OF ALLEGIANCE TO THE FLAG

4. INVOCATION

5. PUBLIC COMMENT
In accordance with State law, an item not scheduled on the agenda may be brought forward by the general public for comment; however, the City Council will not be able to discuss or take action on any issue not included on the agenda. Speakers will have up to three (3) minutes.

6. PROCLAMATIONS AND RECOGNITION

6.1 Introduction of New City Employees 4

7. PRESENTATION (Limited to Five (5) Minutes each)

7.1 SDSU National City Brownfields Project Update & Property Owner Outreach

8. REGIONAL BOARDS AND COMMITTEE REPORTS (Limited to Five (5) Minutes each) Per Government Code Section 53232.3(d) also known as AB1234:

Members of a legislative body shall provide brief reports on meetings attended at the expense of the local agency at the next regular meeting of the legislative body.

9. CONSENT CALENDAR
The Consent Calendar may be enacted in one motion by the City Council with a Roll Call Vote without discussion unless a Councilmember, a member of the Public, or the City Manager requests an item be removed for discussion. Items removed from the Consent Calendar will be considered immediately following the adoption of the Calendar.

9.1 Approval of Reading by Title Only and Waiver of Reading in Full of Ordinance on this Agenda

9.2 Agreement Amendment with Devaney Pate Morris & Cameron, LLP, for Legal Services in the Specialized Area of Land Use and Business Matters Regarding the San Diego Unified Port District.
5 Recommendation:

Adopt a Resolution Entitled, “Resolution of the City Council of the City of National City, California, Amending the Agreement between the City of National City and Devaney Pate Morris & Cameron, LLP, for Legal Services in the Specialized Area of Land Use and Business Matters Regarding the San Diego Unified Port District by Increasing the Not-to-Exceed Amount by $25,000 for a New Not-to-Exceed Total Amount of $100,000.”

9.3 Application to Purchase Tax-Defaulted Property from the County of San Diego. 10 Recommendation:

Adopt the Resolution entitled “Resolution of the City Council of the City of National City, California, Authorizing an Application to Purchase Tax-Defaulted Properties from the County of San Diego Treasurer-Tax Collector through Tax Sale No. 7095.”

9.4 Approval of a Settlement Agreement between Estate of Brian Umana, by and through his Successor in Interest, B.U., by and through Her Guardian Ad Litem Roberto Umana, Individually and as Successor in Interest to Brian Umana, Margarita Cardenas and the City
28 Recommendation:

Adopt a Resolution Entitled: “Resolution of the City Council of the City of National City, California, Approving the Settlement Agreement between Estate of Brian Umana, by and through His Successor in Interest, B.U., by and through Her Guardian Ad Litem Roberto Umana, Individually and as Successor in Interest to Brian Umana, Margarita Cardenas and the City of National City, and Authorizing the Establishment of an Appropriation in the Amount of One Million Dollars ($1,000,000) in the Liability Insurance Fund.”

9.5 Investment Report for the Quarter Ended September 30, 2024. 37 Recommendation:

Accept and File the Investment Report for the Quarter Ended September 30, 2024.

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9.6 Resolution to Initiate a Street Vacation of a Portion of Orange Street Cul-de- Sac West of Euclid Avenue. (Case File No. 2022-24 SV)
69 Recommendation:

Staff is Recommending that the City Council Once Again Initiate the Street Vacation Request, and Adopt a Resolution Entitled, “Resolution of the City Council of the City of National City, California, Initiating a Street Vacation of a Portion of Orange Street Cul-de-Sac West of Euclid Avenue.”

10. PUBLIC HEARING
The following item(s) have been advertised as public hearing(s) as required by law.

10.1 Introduction of Ordinance Amending National City Municipal Code Chapter

2.75 Adjusting Campaign Contribution Limits as Required Every Odd- Numbered Year to Reflect Changes in the Consumer Price Index. 77 Recommendation:

Introduce Ordinance Entitled, “Ordinance of the City Council of the City of National City, California, Amending Various Sections of the National City Municipal Code Chapter 2.75 to Adjust the Campaign Contribution Limits for Any Election Held on or after January 1, 2025.”

10.2 Public Hearing and Introduction of an Ordinance of the City Council of the City of National City, California, Establishing the Compensation of the Mayor and City Councilmembers.
85 Recommendation:

Hold the Public Hearing, Receive Public Comment, and Introduce an Ordinance of the City Council of the City of National City, California, Establishing the Compensation of the Mayor and City Council.

11. CITY MANAGER’S REPORT

12. ELECTED OFFICIALS REPORT

13. CITY ATTORNEY REPORT

14. ADJOURNMENT
Regular Meeting of the City Council of the City of National City - Tuesday, February 18, 2025 - 6:00 p.m. - Council Chambers - National City, California.

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Josue Gonzalez
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Juan Castillo Garnica
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JANUARY 2025

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AGENDA REPORT

Department: City Attorney's Office
Prepared by: Barry J. Schultz, City Attorney
Meeting Date: Tuesday, February 4, 2025
Approved by: Benjamin A. Martinez, City Manager

SUBJECT:

Agreement Amendment with Devaney Pate Morris & Cameron, LLP, for Legal Services in the Specialized Area of Land Use and Business Matters Regarding the San Diego Unified Port District.

RECOMMENDATION:

BOARD/COMMISSION/COMMITTEE PRIOR ACTION:

Not Applicable.

EXPLANATION:

The City of National City (“City”) engages outside legal support for specialized areas. Matters involving the San Diego Unified Port District require specialized expertise related to the Public Trust Doctrine and other specialized laws, regulations and policies involving the waterfront. In January 2024, the City Attorney’s Office negotiated a new retainer agreement with Devaney Pate Morris Cameron, LLP (“DPMC”). The legal services included representing the City in connection with waterfront development, implementation of the Balanced Land Use Plan, assisting with the negotiation of the Municipal Services Agreement and other business matters regarding the San Diego Unified Port District for a not -to-exceed amount of $25,000. On August 6, 2024, the Agreement was amended to increase the not -to-exceed amount by $50,000 for a new not -to- exceed total amount of $75,000 by Resolution No. 2024-89.

To ensure the City ’s interests remain protected and to avoid any lapse in the City’s ability to consult with DPMC, City staff recommends a Second Amendment to the Agreement by increasing the not-to-exceed amount by $25,000 for a new not-to-exceed total amount of $100,000.

FINANCIAL STATEMENT:

Sufficient funds exist in account no. 100-10-13-13100-7213, City Manager’s Professional Services account.

RELATED CITY COUNCIL 2020-2025 STRATEGIC PLAN GOAL:

Balanced Budget and Economic Development

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ENVIRONMENTAL REVIEW:

This is not a project under CEQA , and is therefore , not subject to environmental review.

CCR15378; PRC 21065.

PUBLIC NOTIFICATION:

The Agenda Report was posted at least 72 hours before the Regular Meeting date and time, and 24 hours before a Special Meeting in accordance with the Ralph M. Brown Act

ORDINANCE:

Not Applicable

EXHIBITS:

Exhibit A – Agreement Amendment
Exhibit B – Resolution

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RESOLUTION NO. 2025 -

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA,

AMENDING THE AGREEMENT BETWEEN THE CITY OF NATIONAL CITY AND DEVANEY

PATE MORRIS & CAMERON, LLP, FOR LEGAL SERVICES IN THE SPECIALIZED AREA OF

LAND USE AND BUSINESS MATTERS REGARDING THE SAN DIEGO UNIFIED PORT DISTRICT BY INCREASING THE NOT-TO-EXCEED AMOUNT BY $25,000 FOR A NEW NOT- TO-EXCEED TOTAL AMOUNT OF $100,000.

WHEREAS, in January 2024, the City of National City (“City”) entered into an Agreement with Devaney Pate Morris & Cameron , LLP (“DPMC”) to assist in representing the City in connection with matters regarding the San Diego Unified Port District for an amount not-to-exceed $25,000; and

WHEREAS, on August 6, 2024, the Agreement was amended to increase the not -to- exceed amount by $50,000 for a new not -to-exceed total amount of $75,000 by Resolution No. 2024 – 89; and

WHEREAS, to ensure the City’s interests remain protected and to avoid any lapse in the City’s ability to consult with DPMC, City staff recommends a Second Amendment to the existing Agreement by increasing the not-to-exceed amount by $25,000 for a new not -to-exceed total amount of $100,000.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:

Section 1: Authorizes the Mayor to execute the Second Amendment to the Agreement between the City of National City and Devaney Pate Morris & Cameron, LLP, for legal services in the specialized area of land use and business matters regarding the San Diego Unified Port District to increase the not -to-exceed amount by $25,000 for a new not-to-exceed amount of $100,000.

Section 2: The City Clerk shall certify to the passage and adoption of this Resolution and enter it into the book of original Resolutions.

PASSED and ADOPTED this 4th day of February, 2025.

Ron Morrison, Mayor
ATTEST:

Shelley Chapel, MMC, City Clerk

APPROVED AS TO FORM:

Barry J. Schultz, City Attorney

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AGENDA REPORT

Department: Community Development
Prepared by: Carlos Aguirre, Director of Community Development Meeting Date: Tuesday, February 4, 2025
Approved by: Benjamin A. Martinez, City Manager

SUBJECT:

Application to Purchase Tax-Defaulted Property from the County of San Diego.

RECOMMENDATION:

Adopt the Resolution entitled “ Resolution of the City Council of the City of National City, California, Authorizing an Application to Purchase Tax-Defaulted Properties from the County of San Diego Treasurer-Tax Collector through Tax Sale No. 7095.”

BOARD/COMMISSION/COMMITTEE PRIOR ACTION:

Not Applicable.

EXPLANATION:

On January 21, 2024, The City of National City (“City”) received notice of Tax Sale No. 7095, a sale of tax-defaulted properties through the County of San Diego Treasurer-Tax Collector (“TTC”).

If a property owner is delinquent on their property tax paym ents for five or more years, the TTC is empowered by state law to declare the property delinquent and sell the property at public auction to recover back taxes. Prior to public auction, the governing body of the public agency can enter into "Chapter 8" Pur chase Agreements with the TTC to acquire the parcels for public benefit. The TTC provides public agencies and nonprofit organizations with a list of pending sales.

Counties, cities, taxing agencies, revenue districts, special districts, the State of Califo rnia, and other state agencies may purchase properties prior to auction for public use. "Chapter 8" purchase agreements are negotiated between the TTC and the interested public agencies or nonprofit organizations. The "Chapter 8" purchase price is set by t he minimum bid established by TTC in accordance with Revenue and Tax Code § 3793.1 and includes all defaulted taxes, assessments, associated penalties and costs, costs of sale, and the "outstanding balance of any property tax postponement loan." The TTC ty pically sets the minimum bid at roughly half of the assessed value of the defaulted property.

Available Properties
The following three National City properties are listed for auction:

APN Address Minimum Bid
554-094-06-00 307 S Belmont Ave $44,000.00
556-062-10-00 631 E 2nd St $33,000.00
558-044-04-00 2828 E 11th St $33,000.00

If the City desires to purchase one or more of these properties, it must provide no later than February 13, 2025, a completed application form which includes:

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1) A written objection to the scheduled sale and request to acquire the parcels on City letterhead. This must include a list of the parcels by address/APN, the intended use for each parcel, and how that intended use complies with the City’s mission statement; and 2) A resolution from the governing board authorizing the purchase(s); and 3) The City’s mission statement

The City intends to u tilize the properties to offer for low-income homeownership opportunities once fully rehabilitated. However, the City has been made aware that it is a common occurrence for tax-defaulted properties up for auction to be pulled from the listing at the last minute as the owners find various ways to settle the outstanding tax bill. As such, any or all of these properties may no longer be available for sale by the time the sale deadline date arrives, rendering the City unable to acquire them.

FINANCIAL STATEMENT:

This item is only to approve the application. If successful, appropriation of Housing Authority funds, available from fund balance, will occur at a future date when the Chapter 8 Purchase Agreement is brought to City Council for approval. There is no financial impact to the General Fund.

RELATED CITY COUNCIL 2020-2025 STRATEGIC PLAN GOAL:

Housing and Community Development

ENVIRONMENTAL REVIEW:

This is not a project under CEQA , and is therefore , not subject to environmental review.

CCR15378; PRC 21065.

PUBLIC NOTIFICATION:

The Agenda Report was posted at least 72 hours before the Regular Meeting date and time, and 24 hours before a Special Meeting in accordance with the Ralph M. Brown Act.

ORDINANCE:

Not Applicable

EXHIBITS:

Exhibit A – Notice of Sale
Exhibit B – Resolution

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RESOLUTION NO. 2025-

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA ,

AUTHORIZING AN APPLICATION TO PURCHASE TAX-DEFAULTED PROPERTIES FROM THE COUNTY OF SAN DIEGO TREASURER-TAX COLLECTOR THROUGH TAX SALE NO. 7095.

WHEREAS, on January 21, 2024, the City of National City (“City”) received notice of Tax Sale No. 7095, a sale of tax-defaulted properties through the County of San Diego Treasurer-Tax Collector (“TTC”); and

WHEREAS, if a property owner is delinquent on their proper ty tax payments for five or more years, the TTC is empowered by state law to declare the property delinquent and sell the property at public auction to recover back taxes; and

WHEREAS, prior to public auction, the governing body of the public agency can e nter into "Chapter 8" Purchase Agreements with the TTC to acquire the parcels for public benefit; and

WHEREAS, the "Chapter 8" purchase price is set by the minimum bid established by TTC in accordance with Revenue and Tax Code § 3793.1 and includes all de faulted taxes, assessments, associated penalties and costs, costs of sale, and the "outstanding balance of any property tax postponement loan."; and

WHEREAS, the City desires to apply to purchase the following properties located within the City at the corresponding minimum bid; and

APN Address Minimum Bid
554-094-06-00 307 S Belmont Ave $44,000.00
556-062-10-00 631 E 2nd St $33,000.00
558-044-04-00 2828 E 11th St $33,000.00

WHEREAS, the City intends to utilize the properties for public benefit by offering for low- income homeownership opportunities; and

WHEREAS, the application requires a resolution from the public agency’s governing board authorizing the purchase.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:

Section 1: That t he City Council of the City of National City hereby authorizes the application to purchase the properties at the corresponding minimum bid to be utilized for public benefit to offer low-income homeownership opportunities.

Section 2: That the City Clerk shall certify the passage and adoption of this Resolution and enter it into the book of original Resolutions.

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PASSED and ADOPTED this 4th day of February 2025.

Ron Morrison, Mayor

ATTEST:

Shelley Chapel, MMC, City Clerk

APPROVED AS TO FORM:

Barry J. Schultz, City Attorney

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AGENDA REPORT

Department: City Attorney's Office
Prepared by: Barry J. Schultz, City Attorney
Meeting Date: Tuesday, February 4, 2025
Approved by: Benjamin A. Martinez, City Manager

SUBJECT:

Approval of a Settlement Agreement between Estate of Brian Umana, by and through his Successor in Interest, B.U., by and through Her Guardian Ad Litem Roberto Umana, Individually and as Successor in Interest to Brian Umana, Margarita Cardenas and the City

RECOMMENDATION:

Adopt a Resolution Entitled: “Resolution of the City Council of the City of National City, California, Approving the Settlement Agreement between Estate of Brian Umana, by and through His Successor in Interest, B.U., by and through Her Guardian Ad Litem Roberto Umana, Individually and as Successor in Interest to Brian Umana, Margarita Cardenas and the City of National City, and Authorizing the Establishment of an Appropriation in the Amount of One Million Dolla rs ($1,000,000) in the Liability Insurance Fund.”

BOARD/COMMISSION/COMMITTEE PRIOR ACTION:

Not Applicable.

EXPLANATION:

On October 25, 2022, Plaintiffs Estate of Brian Umana, by and through his successor in interest, B.U., by and through her guardian ad litem Roberto Umana, individually and as successor in interest to Brian Umana and Margarita Cardenas (“Plaintiffs”) filed a lawsuit against the City of National City (“City”) and National City Police Officers regarding the alleged wro ngful death of Brian Umana. The suit is titled Estate of Brian Umana et al. v. City of National City, United States District Court for the Southern District of California, Case Nos. 3:22-CV-01657-GPC-AGS AND 3:22-CV-01657-GPC-SBC.

On December 3, 2024 , City Council convened in Closed Session and voted unanimously to authorize a settlement of $1,000,000. On January 20, 2025 , Plaintiffs executed a Settlement Agreement agreeing to resolve the Litigation. This settlement is not an admission of guilt on the part of the City, or its officers. The City’s decision to reach a settlement is done to mitigate financial risk to the City and taxpayers.

FINANCIAL STATEMENT:

Approval of this action will increase Fiscal Year 2025 Appropriations in the Liability Insurance Fund (account 627-10-15-15600-7432) by $1,000,000. The City is self -insured up to $250,000.

All costs of this case in excess of $250,000 will be reimbursed by the City’s insurance carrier.

RELATED CITY COUNCIL 2020-2025 STRATEGIC PLAN GOAL:

Not Applicable

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ENVIRONMENTAL REVIEW:

This is not a project under CEQA , and is therefore , not subject to environmental review.

CCR15378; PRC 21065.

PUBLIC NOTIFICATION:

The Agenda Report was posted at least 72 hours before the Regular Meeting date and time, and 24 hours before a Special Meeting in accordance with the Ralph M. Brown Act

ORDINANCE:

Not Applicable

EXHIBITS:

Exhibit A - Agreement
Exhibit B - Resolution

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Estate of Brian Umana et al. v. City of National City, et al.

Final Settlement Agreement and Release
1 SETTLEMENT AGREEMENT AND GENERAL RELEASE OF ALL CLAIMS

This Settlement Agreement and General Release of All Claims (hereinafter “Agreement”) is made and entered into as of January 20, 2025, by and between Plaintiffs ESTATE OF BRIAN UMANA, by and through his successor in interest, B.U., by and through her guardian ad litem Roberto Umana, individually and as successor in interest to Brian Umana, Margarita Cardenas individually (collectively “Plaintiffs”) v. NATIONAL CITY, a municipal corporation, NATIONAL CITY POLICE DEPARTMENT, an unknown entity, OFFICERS MICHAEL SPORTELLI and EVAN DAVIS; CORPORAL RYAN STINNETT (collectively “Defendants”).

Hereinafter, Plaintiffs and Defendants will be collectively referred to as “Parties” or individually as a “Party”.

RECITALS

On October 25, 2022, Plaintiffs filed a Complaint alleging a series of civil rights violations related to the death of their beloved family member BRIAN UMANA, who was killed in an officer involved shooting. Specifically, in the operative Second Amended Complaint, Plaintiffs alleged causes of action including: (1) Use of Excessive Force (42 U.S.C §1983), (2) Monell (42 U.S.C. §1983), (3) Assault/Battery, (4) Bane Act §52.1, (5) Violation of Americans with Disabilities Act, (6) Deprivation of Medical Care, (7) Negligence, (8) Wrongful Death (CCP §377.60), (9) Substantive Due Process – Interference with Familial Relations (42 U.S.C. §1983), (10) Violation of the Rehabilitation Act (29 U.S.C. §794(a)), (11) Intentional Infliction of Emotional Distress. The case was filed in the United States District Court for the Southern District of California as Case Number: 3:22-CV-01657 GPC AGS and 3:22-CV-01657 GPC SBC.

This Agreement is in full accord and satisfaction of said action and any and all disputed claims that may arise out of said incident, and the payment of the sums detailed below is not an admission of liability by any party but is in compromise of disputed claims.

AGREEMENT

1.0 Release and Discharge

1.1 In consideration for the payments detailed below, each Party, and their assignees, fully and forever release and discharge every other Party from any and all actions, causes of action, claims, demands, damages, liabilities, costs, attorney’s fees, expenses, compensation and workers’ compensation benefits by reason of any damages, general or special, or injury or injuries sustained on account of or any way arising out of the incident described and set forth in the operative Complaint in the above-described lawsuit and which occurred on October 8, 2021.

1.2 This Agreement is intended as a full and complete release and discharge of all claims that the Parties may have by reason of the incident set forth in the operative Complaint in the above-described action. In consideration for the payment detailed below, the Parties do hereby release and discharge each and every other Party, including each such Party’s assignees, agents, servants, successors, worker’s compensation carriers, lien holders, insurers, attorneys, and all others claiming through them from any and all liability of any nature related to the above- Doc ID: f4ac6a1dda63980440dfa558abd641687c87ff49

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Estate of Brian Umana et al. v. City of National City, et al.

Final Settlement Agreement and Release
2 described incident, specifically including, but not limited to, all costs and expenses each such Party may have incurred, including, but not limited to, attorney’s fees. This Agreement shall be a fully binding and complete agreement among the Parties, and their respective heirs, assigns and successors.

1.3 Each Party also hereby releases and discharges each other from all consequences, effects and results of the incident set forth in the Complaint and the resulting damages. Further, all rights under Section 1542 of the Civil Code of the State of California are hereby expressly waived. The Parties understand that Section 1542 of the Civil Code provides as follows:

A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.

1.4 This Agreement is the result of arms-length negotiations. All Parties represent and warrant to the others that the persons executing this Agreement on behalf of such Party are duly and fully authorized to do so, that each Party, where applicable, is acting pursuant to the power and authority granted by its respective principals and that no further approvals are required to be obtained from any person or entities.

1.5 The Parties further declare and represent that no promise, inducement, or agreement not herein expressed has been made and that this Agreement contains the entire agreement between the Parties and that the terms of this Agreement are contractual and not mere recital.

1.6 Plaintiffs further declare that, in exchange for the payment detailed below, Plaintiffs are solely responsible to satisfy all existing, outstanding, or future liens (including Medicare or Medical liens) associated with this action, and to release, hold harmless, and indemnify Defendants and the Defendants’ counsel from responsibility to satisfy any such lien, if one now or hereafter ever exists.

2.0 Consideration

2.1 Plaintiffs have agreed to dismiss the Defendants from this matter, with prejudice, in exchange for payment of ONE MILLION DOLLARS ($1,000,000.00). Defendants shall deliver said payment to Plaintiffs’ attorneys within thirty (30) days of the plaintiffs’ return of the signed agreement. The check will be made payable to: “McKenzie Scott PC in trust” for “Umana” and the “Law Offices of Emily E. Howe”. Plaintiffs shall send Defendants’ Counsel a Request for a Joint Motion for Dismissal with prejudice, to hold in trust for joint filing after payment has been issued and cleared upon the full execution of this Agreement.

Doc ID: f4ac6a1dda63980440dfa558abd641687c87ff49

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Estate of Brian Umana et al. v. City of National City, et al.

Final Settlement Agreement and Release
3 3.0 Attorney’s Fees

Each Party hereto shall bear all attorney’s fees and costs arising from the actions of its own counsel in connection with the Agreement, the matters and documents referred to herein, and all related matters.

4.0 Representation of Comprehension of Document

In entering into this Agreement, Plaintiffs represent that they have relied upon the advice of their attorneys, who are the attorneys of their choice; that the terms of this Agreement have been completely read and explained by their attorneys; and that the terms of this Agreement are fully understood and voluntarily accepted by Plaintiffs.

5.0 Warranty of Capacity to Execute Agreement

Plaintiffs represent and warrant that no other person or entity has, or has had, any interest in the liens, claims, demands, obligations, or causes of action referred to in this Agreement; that Plaintiffs have the sole right and exclusive authority to execute this Agreement and receive the sums specified in it; and that Plaintiffs have not sold, assigned, transferred, conveyed or otherwise disposed of any of the liens, claims, demands, obligations or causes of action referred to in this Agreement.

6.0 Governing Law

This Agreement shall be construed and interpreted in accordance with the laws of the State of California.

7.0 Additional Documents

All Parties agree to cooperate fully and execute any and all supplementary documents and to take all additional actions which may be necessary or appropriate to give full force and effect to the basic terms and intent of this Agreement.

8.0 Entire Agreement and Successors in Interest

This Agreement contains the entire agreement between the Parties with regard to the matters set forth in the operative Complaint and shall be binding upon and inure to the benefits of the executors, administrators, personal representatives, heirs, successors and assigns of each Party.

9.0 Effectiveness

This Agreement shall become effective immediately following execution by each of the Parties.

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RESOLUTION NO. 2025 -

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA,

APPROVING THE SETTLEMENT AGREEMENT BETWEEN ESTATE OF BRIAN UMANA, BY AND THROUGH HIS SUCCESSOR IN INTEREST, B.U., BY AND THROUGH HER GUARDIAN

AD LITEM ROBERTO UMANA, INDIVIDUALLY AND AS SUCCESSOR IN INTEREST TO

BRIAN UMANA, MARGARITA CARDENAS AND THE CITY OF NATIONAL CITY , AND

AUTHORIZING THE ESTABLISHMENT OF AN APPROPRIATION IN THE AMOUNT OF ONE MILLION DOLLARS ($1,000,000) IN THE LIABILITY INSURANCE FUND.

WHEREAS, on October 25, 2022, Plaintiffs Estate of Brian Umana, by and through his successor in interest, B.U., by and through her guardian ad litem Roberto Umana, individually and as successor in interest to Brian Umana and Margarita Cardenas (“Plaintiffs”) filed a lawsuit against the City of National City (“City”) and National City Police Officers regarding the alleged wrongful death of Brian Umana; and

WHEREAS, Plaintiffs brought the suit in the United States District Court for the Southern District of California; and

WHEREAS, the suit is titled Estate of Brian Umana v. City of National City, United States District Court for the Southern District of California , Case Nos. 3:22-CV-01657-GPC-AGS AND 3:22-CV-01657-GPC-SBC (“Litigation”); and
WHEREAS, in Closed Session on December 3, 2024 , the City Council, by the following votes: Yeas, 5; Nays, 0; Absent, 0; authorized settlement on the Litigation for $1,000,000.00 and according to such other terms more fully outlined in the Settlement Agreement; and

WHEREAS, this settlement is not an admission of guilt on the part of the City, or its officers. The City’s decision to reach a settlement is done to mitigate financial risk to the City and taxpayers; and

WHEREAS, on January 20, 2025 , Plaintiffs executed a Settlement Agreement agreeing to resolve the Litigation.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:

Section 1: That the City Council hereby approves the Settlement Agreement, attached to the Agenda Report as Exhibit A, and authorizes the Finance Director to pay the sum of one million dollars ($1,000,000) from the Liability Claims Cost Fund, account No. 627-10-15-15600- 7432, in settlement of each and every claim for damages, interest, costs, and fees of any type against the City of National City, its agents and employees, arising from the Litigation filed by Plaintiffs.

Section 2: That the City Council hereby authorizes the establishment of an appropriation of one million dollars ($1,000,000) in the Liability Insurance Fund.

Section 3: That the City Clerk shall certify the passage and adoption of this Resolution and enter it into the book of original Resolutions.

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PASSED and ADOPTED this 4th day of February, 2025.

Ron Morrison, Mayor
ATTEST:

Shelley Chapel, MMC, City Clerk

APPROVED AS TO FORM:

Barry J. Schultz, City Attorney

Page 36 of 87 ends

AGENDA REPORT

Department: Finance
Prepared by: Kecia Carrasco, Accountant
Meeting Date: Tuesday, February 4, 2025
Approved by: Benjamin A. Martinez, City Manager

SUBJECT:

Investment Report for the Quarter Ended September 30, 2024.

RECOMMENDATION:

Accept and File the Investment Report for the Quarter Ended September 30, 2024.

BOARD/COMMISSION/COMMITTEE PRIOR ACTION:

Not Applicable.

EXPLANATION:

The California Government Code (§536 46(b)(1)) requires that, when the T reasurer or the Chief Fiscal Officer of a local agency renders to the legislative body of the agency a quarterly report on the agency’s investment portfolio, such report shall include the following information regarding all securities, investments, and moneys held by the local agency:
 type of investment;
 issuer (bank or institution);
 date of maturity;
 dollar amount invested; and
 current market valuation as of the date of the report.

In addition, Government Code §53646(b)(2) requires that the report state the City’s co mpliance with its investment policy and Government Code §53646(b)(3) requires that it include a statement regarding the ability of the local agency to meet its pool’s expenditure requirements over the next six months.

OVERVIEW OF CITY INVESTMENTS
The City’s pooled investment portfolio balance as of September 30, 2024, is summarized below and compared to the balance as of September 30, 2023.

1 actual cost of investments
2 amount at which the investments could be sold

The assets of the City of National City’s investment portfolio are managed by Chandler Asset Management, the California Treasurer’s Local Agency Investment Fund (LAIF), which represents the largest portion of the assets with 34.80%, and the San Diego County Treasurer's Pooled Table 1
9/30/2024 9/30/2023
Book Value 1 118,987,716$ 123,013,211$
Market Value 2 119,036,628$ 119,314,625$

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Money Fund (“San Diego County Pool”).

The San Diego County Pool and LAIF are liquid investment pools that allow participants to earn market-rate returns while retaining access to funds within 24 to 48 hours of a withdrawal request with no penalty. The City’s assets managed by Chandler Asset Management may be liquidated and withdrawn at any time. However, these investments likely do not provide the short liquidity (i.e., quick access to funds) of the pooled money funds, and liquidation of these investments is at the risk of loss and/or penalty to the City.

Summaries of the City’s investment portfolio are illustrated below.

INVESTMENT PORTFOLIO SUMMARY BY ISSUER/MANAGER
As of September 30, 2024

1 reflects LAIF participation factor of 1.002061084

Table 2
Total Market % of
Issuer/Manager Book Value Market Value YTM Portfolio
Chandler Asset Management 38,513,130 38,513,780 3.85% 32.35% County of San Diego 39,138,330 39,101,394 3.67% 32.85%
Local Agency Investment Fund 41,336,256 41,421,454 4.58% 34.80% Totals for September 30, 2024 $118,987,716 $119,036,628 100.00% 1 Chandler Asset
Management
$38,513,780
County of San Diego
$39,101,394
LAIF
$41,421,454

TOTAL MARKET VALUE
$119,036,628

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INVESTMENT PERFORMANCE BY ISSUER/MANAGER

For the Quarter Ended September 30, 2024

1 no withdrawals

Economic Update:

“Recent economic data suggests continued growth fueled by a resilient consumer. Inflationary trends have subsided, but some components remain sticky, and core levels remain above the Fed’s target. The labor market reflects improved balance betwee n supply and demand for workers. While job creation has been robust, continuing jobless claims remain elevated. Given the economic outlook, we expect gradual normalization of monetary policy and a steepening yield curve.

As broadly anticipated, the Federal Open Market Committee (FOMC) reduced the Fed Funds Rate by 25 basis points to the range of 4.25 - 4.50% at the December meeting. Although the cut was widely anticipated, market participants viewed the trajectory of rates in the SEP as ‘hawkish.’ Chair Jerome Powell reiterated previous statements indicating the economy is in a good place and that monetary policy is well positioned. The Fed released the quarterly Summary of Economic Projections (SEP), which now forecasts a h igher central tendency of core inflation and a higher longer run Fed Funds forecast. In the Chandler team’s view, the updated SEP reflects the continued resiliency of the US economy and the corresponding risk of inflation taking longer to reach the FOMC’s two percent objective in 2025.

US Treasury yields shifted higher in December and the curve steepened. The 2 -year Treasury yield increased 9 basis points to 4.24%, the 5- year Treasury rose 33 basis points to 4.38%, and the 10-year Treasury yield surged 40 basis points to 4.57%. The spread between the 2-year and 10-year Treasury yield points on the curve increased to +33 basis points at December month-end versus +2 basis points at November month -end. The spread between the 2 -year Treasury and 10-year Treasury yield one year ago was -37 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve increased to +25 basis points in December from -32 basis points in November.”1

1 September 30, 2024 Chandler Asset Management Quarterly Investment Report

Table 3
Issuer/Manager 9/30/2024 6/30/2024 Change
Percent
Change
Chandler Asset Management $38,513,780 $37,169,370 $1,344,410 3.62% County of San Diego $39,101,394 $39,011,179 $90,215 0.23% Local Agency Investment Fund $41,421,454 $40,724,482 $696,972 1.71% Totals for Sept 30, 2024 $119,036,628 $116,905,031 $2,131,596 1.82% Total Market Value
1

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COMPLIANCE STATEMENT
All of the City’s investments are in compliance with the City’s investment policy (City Council Policy No. 203) and the California Government Code (§53601) et seq.

FINANCIAL STATEMENT:

Realized gains for the period, reflected below, were $1,046,476. This amount is the result of a combination of factors including gains or losses from the sale of assets, accrued interest, and reinvested interest/earnings.

The difference between the changes reflected in the previous two tables is attributable to the purchase and sale of securities for which the first of the tables accounts but the second table typically does not (unless an investment is sold before maturity).

RELATED CITY COUNCIL 2020-2025 STRATEGIC PLAN GOAL:

Balanced Budget and Economic Development

ENVIRONMENTAL REVIEW:

This is not a project under CEQA and is therefore not subject to environmental review. CCR15378; PRC 21065.

PUBLIC NOTIFICATION:

Agenda Report posted within 72 hours of meeting date and time in accordance with Brown Act.

ORDINANCE:

Not Applicable

EXHIBIT:

Exhibit A – 2024-0930 Investment Reports

Table 4
Issuer/Manager Gain/(Loss)
Chandler Asset Management 99,626$
County of San Diego 456,646
LAIF 490,204
Totals for September 30, 2024 1,046,476$

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MONTHLY ACCOUNT STATEMENT
City of National City | Account | As of September 30, 2024 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

Bank of New York Mellon

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PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Total Rate of Return 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (03/01/12)
City of National City 0.91% 3.48% 4.55% 7.83% 5.14% 1.26% 1.49% 1.51% 1.31% Benchmark Return* 0.87% 3.37% 4.21% 7.44% 4.75% 0.81% 1.20% 1.27% 1.11% Average Modified Duration 2.61
Average Coupon 3.15%
Average Purchase YTM 3.28%
Average Market YTM 3.85%
Average Quality AA
Average Final Maturity 2.95
Average Life 2.67
Beg. Values as of
09/01/2024
End Values as of
09/30/2024
Market Value 38,094,668.59 38,513,779.55
Accrued Interest 281,650.74 208,446.50
Total Market Value 38,376,319.33 38,722,226.05
Income Earned 94,055.62 99,626.00
Cont/WD (2,680.92) (2,712.54)
Par 38,573,622.29 38,724,079.42
Book Value 38,368,630.04 38,513,130.29
Cost Value 38,368,630.04 38,513,130.29
United States 48.83%
FHLMC 6.63%
Federal Home Loan Banks 6.30%
Farm Credit System 4.56%
Apple Inc. 1.74%
International Finance Corporation 1.66%
State Street Corporation 1.45%
Federated Hermes, Inc. 1.43%
*Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark:
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P , Moody’s’ and Fitch

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STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 3.9 Compliant
Max % Issuer (MV) 5.0 3.9 Compliant
Max Maturity (Years) 5.0 4.0 Compliant
Min Rating (AA by 1) 0.0 0.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 3.0 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A- by 2, A-1 by 2) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A by 2, A-1 by 2) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 25.2 Compliant
Max % Issuer (MV) 5.0 1.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES

Page 43 of 87 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 100.0 13.6 Compliant
Max Maturity (Years) 5 4 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 1.4 Compliant
Max % Issuer (MV) 20.0 1.4 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 2) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A by 2, A-1 by 2 if > FDIC Limit) 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 4.1 Compliant
Max % Issuer (MV) 10.0 1.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 48.8 Compliant

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STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5 4 Compliant

Page 45 of 87 ends

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Book Value 38,368,630.04 38,302,695.14
Maturities/Calls (805,000.00) (1,255,000.00)
Principal Paydowns (34,318.66) (107,087.89)
Purchases 2,218,883.43 4,803,445.80
Sales (1,209,447.07) (3,076,873.28)
Change in Cash, Payables, Receivables (1,777.59) (34,169.12) Amortization/Accretion 0.00 0.00
Realized Gain (Loss) (23,839.86) (119,880.36)
Ending Book Value 38,513,130.29 38,513,130.29
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Market Value 38,094,668.59 37,169,370.25
Maturities/Calls (805,000.00) (1,255,000.00)
Principal Paydowns (34,318.66) (107,087.89)
Purchases 2,218,883.43 4,803,445.80
Sales (1,209,447.07) (3,076,873.28)
Change in Cash, Payables, Receivables (1,777.59) (34,169.12) Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 274,610.70 1,133,974.14 Realized Gain (Loss) (23,839.86) (119,880.36)
Ending Market Value 38,513,779.55 38,513,779.55
Maturities / Calls
Month to Date (805,000.00)
Fiscal Year to Date (1,255,000.00)
Principal Paydowns
Month to Date (34,318.66)
Fiscal Year to Date (107,087.89)
Purchases
Month to Date 2,218,883.43
Fiscal Year to Date 4,803,445.80
Sales
Month to Date (1,209,447.07)
Fiscal Year to Date (3,076,873.28)
Interest Received
Month to Date 174,391.79
Fiscal Year to Date 371,410.69
Purchased / Sold Interest
Month to Date (1,561.55)
Fiscal Year to Date 1,121.77

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INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
60934N807 FEDERATED HRMS GV O SVC
551,070.08
259,516.70
1,013,710.45
(722,157.07)
551,070.08

0.00 1,508.10

0.00 0.00

0.00 1,508.10
1,508.10
CCYUSD Receivable
1,683.64
3,461.23

0.00 0.00
1,683.64

0.00 0.00

0.00 Total Cash & Equivalents 552,753.72
262,977.93
1,013,710.45
(722,157.07)
552,753.72

0.00 1,508.10

0.00 0.00

0.00 1,508.10 1,508.10

FIXED INCOME
023135CF1 AMAZON.COM INC 3.3
04/13/2027
04/11/2022
04/13/2022
205,000.00
204,577.70

0.00 0.00
204,577.70
2,593.25

0.00 3,157.00
563.75

0.00 0.00

0.00 563.75
563.75
037833EB2 APPLE INC 0.7 02/08/2026
01/13/2022
01/18/2022
700,000.00
677,908.00

0.00 0.00
677,908.00
313.06

0.00 721.39
408.33

0.00 0.00

0.00 408.33
408.33
06051GHD4 BANK OF AMERICA CORP

3.419 12/20/2028
01/17/2024
01/19/2024
500,000.00
467,680.00

0.00 0.00
467,680.00
3,371.51

0.00 4,796.10
1,424.58

0.00 0.00

0.00 1,424.58
1,424.58
06368FAC3 BANK OF MONTREAL 1.25
09/15/2026
11/18/2021
11/22/2021
500,000.00
491,120.00

0.00 0.00
491,120.00
2,881.94
3,125.00
277.78
520.83

0.00 0.00

0.00 520.83
520.83
084664CZ2

BERKSHIRE HATHAWAY
FINANCE CORP 2.3
03/15/2027
03/07/2022
03/15/2022
430,000.00
429,918.30

0.00 0.00
429,918.30
4,560.39
4,945.00
439.56
824.17

0.00 0.00

0.00 824.17
824.17

Page 47 of 87 ends

0.00 0.00
164,974.94
142.45
712.25
142.45
712.25

0.00 0.00

0.00 712.25
712.25
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
395,000.00
394,890.51

0.00 0.00
394,890.51
905.87
1,698.50
905.87
1,698.50

0.00 0.00

0.00 1,698.50
1,698.50
24422EXT1 JOHN DEERE CAPITAL CORP

4.85 06/11/2029
06/06/2024
06/11/2024
230,000.00
229,692.95

0.00 0.00
229,692.95
2,478.89

0.00 3,408.47
929.58

0.00 0.00

0.00 929.58
929.58
3130A2UW4 FEDERAL HOME LOAN BANKS

2.875 09/13/2024
10/29/2019
10/30/2019

0.00 315,474.00

0.00 (315,474.00)

0.00 4,025.00
4,312.50

0.00 287.50

0.00 0.00

0.00 287.50
287.50
3130ATS57 FEDERAL HOME LOAN BANKS

4.5 03/10/2028 900,000.00
923,373.00

0.00 0.00
923,373.00
19,237.50
20,250.00
2,362.50
3,375.00

0.00 0.00

0.00 3,375.00
3,375.00
3130AWN63 FEDERAL HOME LOAN BANKS

4.0 06/30/2028
07/13/2023
07/14/2023
720,000.00
718,084.80

0.00 0.00
718,084.80
4,880.00

0.00 7,280.00
2,400.00

0.00 0.00

0.00 2,400.00
2,400.00
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028
09/12/2023
09/14/2023
750,000.00
746,200.50

0.00 0.00
746,200.50
15,768.23
16,406.25
2,096.35
2,734.37

0.00 0.00

0.00 2,734.37
2,734.37
3133EPC45

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
11/13/2028
11/27/2023
11/28/2023
440,000.00
443,150.40

0.00 0.00
443,150.40
6,105.00

0.00 7,800.83
1,695.83

0.00 0.00

0.00 1,695.83
1,695.83
3133EPN50

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.25
12/15/2028
12/18/2023
12/19/2023
550,000.00
556,110.50

0.00 0.00
556,110.50
4,934.72

0.00 6,882.64
1,947.92

0.00 0.00

0.00 1,947.92
1,947.92

Page 48 of 87 ends

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
08/14/2026
08/09/2023
08/14/2023
725,000.00
723,332.50

0.00 0.00
723,332.50
1,540.63

0.00 4,259.38
2,718.75

0.00 0.00

0.00 2,718.75
2,718.75
3137EAEP0

FEDERAL HOME LOAN
MORTGAGE CORP 1.5
02/12/2025
06/04/2020
06/05/2020
625,000.00
652,443.75

0.00 0.00
652,443.75
494.79

0.00 1,276.04
781.25

0.00 0.00

0.00 781.25
781.25
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
09/24/2020
09/25/2020
450,000.00
448,857.00

0.00 0.00
448,857.00
740.63
843.75

37.50 140.63

0.00 0.00

0.00 140.63
140.63
3137FETN0 FHMS K-073 A2 3.35
01/25/2028
07/10/2023
07/13/2023
190,000.00
179,891.41

0.00 0.00
179,891.41
530.42
530.42
530.42
530.42

0.00 0.00

0.00 530.42
530.42
3137FG6X8 FHMS K-077 A2 3.85
05/25/2028
05/24/2023
05/30/2023
720,000.00
706,781.25

0.00 0.00
706,781.25
2,310.00
2,310.00
2,310.00
2,310.00

0.00 0.00

0.00 2,310.00
2,310.00
3137FGZT5 FHMS K-079 A2 3.926
06/25/2028
07/10/2023
07/13/2023
300,000.00
290,332.03

0.00 0.00
290,332.03
981.50
981.50
981.50
981.50

0.00 0.00

0.00 981.50
981.50
3137H4BY5 FHMS K-746 A2 2.031
09/25/2028
10/26/2023
10/31/2023
320,000.00
275,587.50

0.00 0.00
275,587.50
541.60
541.60
541.60
541.60

0.00 0.00

0.00 541.60
541.60
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
235,000.00
234,963.08

0.00 0.00
234,963.08
298.32
894.96
298.32
894.96

0.00 0.00

0.00 894.96
894.96
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026
02/15/2022
02/23/2022
89,595.22
99,785.11

0.00 (10,203.37)
89,581.74

83.39 156.35

74.86 147.82

0.00 0.00

0.00 147.82
147.82

Page 49 of 87 ends

0.00 (5,025.48)
32,581.31

9.19 27.58

7.97 26.35

0.00 0.00

0.00 26.35

26.35 438516CJ3 HONEYWELL INTERNATIONAL
INC 4.95 02/15/2028
02/13/2023
02/15/2023
450,000.00
460,093.50

0.00 0.00
460,093.50
990.00

0.00 2,846.25
1,856.25

0.00 0.00

0.00 1,856.25
1,856.25
4581X0DZ8

INTER-AMERICAN
DEVELOPMENT BANK 0.5
09/23/2024
09/15/2021
09/23/2021

0.00 504,626.30

0.00 (504,626.30)

0.00 1,108.19
1,262.50

0.00 154.31

0.00 0.00

0.00 154.31
154.31
4581X0EN4

INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
02/15/2024
02/20/2024
475,000.00
470,782.00

0.00 0.00
470,782.00
870.83

0.00 2,503.65
1,632.81

0.00 0.00

0.00 1,632.81
1,632.81
459058KL6

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.625 09/21/2029
09/26/2024
09/27/2024
450,000.00

0.00 450,283.50

0.00 (271.88)
453.13
181.25

0.00 0.00

0.00 181.25
181.25
45950KCR9 INTERNATIONAL FINANCE
CORP 1.375 10/16/2024
07/12/2021
07/14/2021
300,000.00
308,070.00

0.00 0.00
308,070.00
1,546.88

0.00 1,890.63
343.75

0.00 0.00

0.00 343.75
343.75
45950KDD9 INTERNATIONAL FINANCE
CORP 4.5 07/13/2028
07/06/2023
07/13/2023
330,000.00
329,633.70

0.00 0.00
329,633.70
1,980.00

0.00 3,217.50
1,237.50

0.00 0.00

0.00 1,237.50
1,237.50
46625HRY8 JPMORGAN CHASE & CO

3.782 02/01/2028
06/13/2023
06/15/2023
450,000.00
426,834.00

0.00 0.00
426,834.00
1,418.25

0.00 2,836.50
1,418.25

0.00 0.00

0.00 1,418.25
1,418.25
47787JAC2 JDOT 2022 A3 0.36
09/15/2026
03/10/2022
03/16/2022
63,945.46
69,643.89

0.00 (5,712.57)
63,931.31

71.83 134.67

65.93 128.78

0.00 0.00

0.00 128.78
128.78

Page 50 of 87 ends

0.00 (3,399.97)
603.56

0.64 1.20

0.10 0.66

0.00 0.00

0.00 0.66

0.66 47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
28,634.55
32,035.88

0.00 (3,403.89)
28,632.00

7.40 13.88

6.62 13.09

0.00 0.00

0.00 13.09

13.09 47800AAC4 JDOT 2022-B A3 3.74
02/16/2027
07/12/2022
07/20/2022
115,958.62
122,515.49

0.00 (6,567.94)
115,947.55
203.67
381.88
192.75
370.96

0.00 0.00

0.00 370.96
370.96
532457CK2 ELI LILLY AND CO 4.5
02/09/2029
02/07/2024
02/09/2024
275,000.00
274,818.50

0.00 0.00
274,818.50
756.25

0.00 1,787.50
1,031.25

0.00 0.00

0.00 1,031.25
1,031.25
57636QAW4 MASTERCARD INC 4.875
03/09/2028
03/06/2023
03/09/2023
225,000.00
224,781.75

0.00 0.00
224,781.75
5,240.63
5,484.38
670.31
914.07

0.00 0.00

0.00 914.07
914.07
58933YBH7 MERCK & CO INC 4.05
05/17/2028
05/08/2023
05/17/2023
105,000.00
104,914.95

0.00 0.00
104,914.95
1,228.50

0.00 1,582.88
354.38

0.00 0.00

0.00 354.38
354.38
61747YET8 MORGAN STANLEY 4.679
07/17/2026
07/18/2022
07/20/2022
205,000.00
205,000.00

0.00 0.00
205,000.00
1,172.35

0.00 1,971.68
799.33

0.00 0.00

0.00 799.33
799.33
61747YFF7 MORGAN STANLEY 5.449
07/20/2029
09/10/2024
09/11/2024
300,000.00

0.00 311,868.00

0.00 (2,315.83)
3,223.99
908.16

0.00 0.00

0.00 908.16
908.16
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027
09/28/2022
09/30/2022
500,000.00
485,540.00

0.00 0.00
485,540.00
6,166.67

0.00 7,833.33
1,666.67

0.00 0.00

0.00 1,666.67
1,666.67

Page 51 of 87 ends

0.00 0.00
474,225.75
1,881.53

0.00 3,702.36
1,820.83

0.00 0.00

0.00 1,820.83
1,820.83
74340XCG4 PROLOGIS LP 4.875
06/15/2028
06/26/2023
06/28/2023
115,000.00
114,297.35

0.00 0.00
114,297.35
1,183.54

0.00 1,650.73
467.19

0.00 0.00

0.00 467.19
467.19
74456QBX3

PUBLIC SERVICE ELECTRIC
AND GAS CO 3.65
09/01/2028
12/18/2023
12/20/2023
450,000.00
433,890.00

0.00 0.00
433,890.00
8,212.50
8,212.50
1,368.75
1,368.75

0.00 0.00

0.00 1,368.75
1,368.75
756109CF9 REALTY INCOME CORP 4.75
02/15/2029
02/28/2024
02/29/2024
450,000.00
440,946.00

0.00 0.00
440,946.00
950.00

0.00 2,731.25
1,781.25

0.00 0.00

0.00 1,781.25
1,781.25
78015K7H1 ROYAL BANK OF CANADA

1.15 06/10/2025
11/16/2021
11/18/2021

0.00 496,035.00

0.00 (496,035.00)

0.00 1,293.75
1,453.47

0.00 159.72

0.00 0.00

0.00 159.72
159.72
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027
03/01/2022
03/03/2022
80,000.00
79,913.60

0.00 0.00
79,913.60
969.11
980.00
152.44
163.33

0.00 0.00

0.00 163.33
163.33
857477BR3
STATE STREET CORP 1.746
02/06/2026
02/02/2022
02/07/2022
125,000.00
125,000.00

0.00 0.00
125,000.00
151.56

0.00 333.44
181.88

0.00 0.00

0.00 181.88
181.88
857477CL5 STATE STREET CORP 4.993
03/18/2027
03/13/2024
03/18/2024
425,000.00
425,000.00

0.00 0.00
425,000.00
9,608.06
10,610.13
766.29
1,768.36

0.00 0.00

0.00 1,768.36
1,768.36
87612EBM7 TARGET CORP 1.95
01/15/2027
01/19/2022
01/24/2022
215,000.00
214,634.50

0.00 0.00
214,634.50
535.71

0.00 885.08
349.38

0.00 0.00

0.00 349.38
349.38

Page 52 of 87 ends

1.25 09/10/2026
11/17/2021
11/19/2021
500,000.00
489,720.00

0.00 0.00
489,720.00
2,968.75
3,125.00
364.58
520.83

0.00 0.00

0.00 520.83
520.83
89236TLB9 TOYOTA MOTOR CREDIT
CORP 5.25 09/11/2028
09/12/2023
09/13/2023
450,000.00
450,900.00

0.00 0.00
450,900.00
11,156.25
11,812.50
1,312.50
1,968.75

0.00 0.00

0.00 1,968.75
1,968.75
91159HJM3 US BANCORP 5.775
06/12/2029
07/31/2024
07/31/2024
450,000.00
462,163.50

0.00 0.00
462,163.50
5,702.81

0.00 7,868.44
2,165.63

0.00 0.00

0.00 2,165.63
2,165.63
9128282A7 UNITED STATES TREASURY 1.5
08/15/2026 1,000,000.00
1,019,062.50

0.00 0.00
1,019,062.50
692.93

0.00 1,915.76
1,222.83

0.00 0.00

0.00 1,222.83
1,222.83
9128286L9 UNITED STATES TREASURY

2.25 03/31/2026
10/25/2021
10/26/2021
1,000,000.00
1,050,234.38

0.00 0.00
1,050,234.38
9,467.21
11,250.00

61.81 1,844.60

0.00 0.00

0.00 1,844.60
1,844.60
912828P46 UNITED STATES TREASURY

1.625 02/15/2026 1,300,000.00
1,303,801.76

0.00 0.00
1,303,801.76
975.88

0.00 2,698.03
1,722.15

0.00 0.00

0.00 1,722.15
1,722.15
912828R36 UNITED STATES TREASURY

1.625 05/15/2026
10/25/2021
10/26/2021
1,000,000.00
1,022,500.00

0.00 0.00
1,022,500.00
4,813.18

0.00 6,137.91
1,324.73

0.00 0.00

0.00 1,324.73
1,324.73
912828V98 UNITED STATES TREASURY

2.25 02/15/2027
03/29/2022
03/30/2022
360,000.00
355,387.50

0.00 0.00
355,387.50
374.18

0.00 1,034.51
660.33

0.00 0.00

0.00 660.33
660.33
91282CAM3 UNITED STATES TREASURY

0.25 09/30/2025 550,000.00
533,940.43

0.00 0.00
533,940.43
578.55
687.50

3.78 112.73

0.00 0.00

0.00 112.73
112.73

Page 53 of 87 ends

0.25 10/31/2025
11/29/2021
11/30/2021
650,000.00
629,535.16

0.00 0.00
629,535.16
547.55

0.00 680.03
132.47

0.00 0.00

0.00 132.47
132.47
91282CAZ4 UNITED STATES TREASURY

0.375 11/30/2025 800,000.00
780,535.15

0.00 0.00
780,535.15
762.30

0.00 1,008.20
245.90

0.00 0.00

0.00 245.90
245.90
91282CDG3 UNITED STATES TREASURY

1.125 10/31/2026
11/18/2021
11/19/2021
1,000,000.00
995,507.81

0.00 0.00
995,507.81
3,790.76

0.00 4,707.88
917.12

0.00 0.00

0.00 917.12
917.12
91282CDK4 UNITED STATES TREASURY

1.25 11/30/2026
12/22/2021
12/23/2021
1,000,000.00
1,001,601.56

0.00 0.00
1,001,601.56
3,176.23

0.00 4,200.82
1,024.59

0.00 0.00

0.00 1,024.59
1,024.59
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
05/25/2022
05/26/2022
690,000.00
682,722.66

0.00 0.00
682,722.66
7,258.20
8,625.00

47.39 1,414.19

0.00 0.00

0.00 1,414.19
1,414.19
91282CET4 UNITED STATES TREASURY

2.625 05/31/2027
06/21/2022
06/22/2022
850,000.00
820,847.66

0.00 0.00
820,847.66
5,669.57

0.00 7,498.46
1,828.89

0.00 0.00

0.00 1,828.89
1,828.89
91282CEV9 UNITED STATES TREASURY

3.25 06/30/2029
07/29/2024
07/30/2024
600,000.00
577,406.25

0.00 0.00
577,406.25
3,338.32

0.00 4,927.99
1,589.67

0.00 0.00

0.00 1,589.67
1,589.67
91282CFB2 UNITED STATES TREASURY

2.75 07/31/2027
08/30/2022
08/31/2022
325,000.00
317,001.95

0.00 0.00
317,001.95
777.17

0.00 1,505.77
728.60

0.00 0.00

0.00 728.60
728.60
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027
10/05/2022
10/06/2022
125,000.00
120,214.84

0.00 0.00
120,214.84

10.79 1,953.13
334.51
2,276.85

0.00 0.00

0.00 2,276.85
2,276.85

Page 54 of 87 ends

3.125 08/31/2029
09/10/2024
09/11/2024
450,000.00

0.00 443,021.48

0.00 (427.31)
1,204.25
776.94

0.00 0.00

0.00 776.94
776.94
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027 1,025,000.00
1,035,717.78

0.00 0.00
1,035,717.78
17,790.47
21,140.63
116.16
3,466.32

0.00 0.00

0.00 3,466.32
3,466.32
91282CFZ9 UNITED STATES TREASURY

3.875 11/30/2027
12/28/2022
12/29/2022
760,000.00
756,971.88

0.00 0.00
756,971.88
7,483.20

0.00 9,897.13
2,413.93

0.00 0.00

0.00 2,413.93
2,413.93
91282CGC9 UNITED STATES TREASURY

3.875 12/31/2027
01/24/2023
01/25/2023
1,000,000.00
1,012,890.63

0.00 0.00
1,012,890.63
6,633.83

0.00 9,792.80
3,158.97

0.00 0.00

0.00 3,158.97
3,158.97
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028
05/25/2023
05/26/2023
425,000.00
420,185.55

0.00 0.00
420,185.55
6,482.41
7,703.13

42.32 1,263.04

0.00 0.00

0.00 1,263.04
1,263.04
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 800,000.00
777,078.13

0.00 0.00
777,078.13
9,434.78

0.00 11,717.39
2,282.61

0.00 0.00

0.00 2,282.61
2,282.61
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029
02/26/2024
02/27/2024
700,000.00
690,292.97

0.00 0.00
690,292.97
2,434.78

0.00 4,717.39
2,282.61

0.00 0.00

0.00 2,282.61
2,282.61
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029 700,000.00
683,417.97

0.00 0.00
683,417.97
12,149.59
14,437.50

79.33 2,367.24

0.00 0.00

0.00 2,367.24
2,367.24
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029
05/28/2024
05/29/2024
700,000.00
701,394.53

0.00 0.00
701,394.53
10,908.97

0.00 13,548.23
2,639.27

0.00 0.00

0.00 2,639.27
2,639.27

Page 55 of 87 ends

0.00 0.00
757,001.96
8,575.82

0.00 11,342.21
2,766.39

0.00 0.00

0.00 2,766.39
2,766.39
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
08/22/2024
08/23/2024
500,000.00
506,308.59

0.00 0.00
506,308.59
1,739.13

0.00 3,369.57
1,630.43

0.00 0.00

0.00 1,630.43
1,630.43
91324PEC2 UNITEDHEALTH GROUP INC

1.15 05/15/2026
11/24/2021
11/29/2021
500,000.00
490,095.00

0.00 0.00
490,095.00
1,693.06

0.00 2,172.22
479.17

0.00 0.00

0.00 479.17
479.17
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
80,000.00
79,848.80

0.00 0.00
79,848.80
382.67
420.00

32.67 70.00

0.00 0.00

0.00 70.00

70.00 931142EX7 WALMART INC 3.95
09/09/2027
10/05/2022
10/07/2022
350,000.00
341,393.50

0.00 0.00
341,393.50
6,605.28
6,912.50
844.86
1,152.08

0.00 0.00

0.00 1,152.08
1,152.08
Total Fixed Income 38,171,325.70
38,105,652.11
1,205,172.98
(1,350,448.52)
37,960,376.57
281,650.74
171,322.14
208,446.50
98,117.90

0.00 0.00

0.00 98,117.90 98,117.90
TOTAL PORTFOLIO 38,724,079.42
38,368,630.04
2,218,883.43
(2,072,605.59)
38,513,130.29
281,650.74
172,830.24
208,446.50
99,626.00

0.00 0.00

0.00 99,626.00 99,626.00

Page 56 of 87 ends

Sep
2024

Page 57 of 87 ends

SUMMARY PORTFOLIO STATISTICS
County of San Diego Pooled Money Fund
As of September 30, 2024
3 Notes
Yield to maturity (YTM) is the estimated rate of return on a bond given its purchase price, assuming all coupon payments are made on a timely basis and reinvested at this same rate of return to the maturity date. Weighted Days to Maturity is average time it takes for securities in a portfolio to mature, weighted in proportion to the dollar amount that is invested in the portfolio. Yields for the portfolio are aggregated based on the book value of each security.

Monthly Investment Returns are reported gross of fees. Administration fees since fiscal year 17-18 have averaged approximately 7 basis points per annum. **All Investments held during the month of August 2024 were in compliance with the Investment Policy dated January 1, 2023. The County Treasurer believes the Treasury Investment Pool contains sufficient cash flow from liquid and maturing securities, bank deposits, and incoming cash to meet the next six months of expected expenditures.

While Safety, Liquidity, and Yield remain the Fund’s primary investment objectives, all else being equal and acting under statutory investment limitations, the County Treasurer affirms his/her commitment to the consideration of ESG criteria in evaluating securities. Sustainalytics, a Morningstar Company, provides high-quality, analytical environmental, social and governance (ESG) research, ratings and data to institutional investors and companies. Using Sustainalytics scoring, which is available on Bloomberg, the Pool had a weighted average MTN/CP/CD score of 20.02 as of 09/30/24, placing it in the “Medium Risk” category. Sustainalytics’ ratings categories are: negligible (0-9.99), low (10-19.99), medium (20-29.99), high (30-39.99) and severe (40+).

Investment Type Par Value Book Value Market Value % of Portfolio Market Price Days To
Maturity YTM Accrued
Interest
Unrealized
Gain/Loss
ABS 1,080,813,945 1,080,560,864 1,088,673,686 7.90% 100.73 1113 4.40% 1,990,214 8,112,821 Agency 4,540,563,000 4,509,050,981 4,451,969,168 32.30% 98.05 504 3.00% 12,408,691 (57,081,812) Bank Deposit 17,331,208 17,331,208 17,331,208 0.13% 100.00 0 3.90% - - Commercial Paper 680,000,000 671,349,701 671,731,640 4.87% 98.78 99 5.13% - 381,939 Corporate 305,145,000 303,796,602 302,628,976 2.20% 99.18 226 2.76% 2,083,852 (1,167,626) LAIF 2,216 2,216 2,216 0.00% 100.00 0 4.57% - - Local Gov Investment Pool 250,647,247 250,647,247 250,647,247 1.82% 100.00 0 5.08% - - Money Market Fund FI 449,500,000 449,500,000 449,500,000 3.26% 100.00 0 4.79% - - Municipal Bonds 491,905,000 492,548,882 491,590,318 3.57% 99.94 672 3.06% 4,332,562 (958,564) Negotiable CD 2,864,000,000 2,864,000,000 2,867,451,885 20.80% 100.12 135 5.10% 48,029,058 3,451,885 Supranationals 1,693,274,000 1,677,000,127 1,694,015,885 12.29% 100.04 1128 3.37% 11,253,288 17,015,758 US Treasury 1,538,000,000 1,530,199,719 1,499,299,969 10.88% 97.48 482 1.76% 5,067,753 (30,899,750) Total for September 2024 13,911,181,616 13,845,987,547 13,784,842,198 100% 99.09 504 3.67% 85,165,419 (61,145,349) Total for August 2024 13,269,650,916 13,206,983,681 13,098,414,101 100% 98.71 526 3.64% 78,539,422 (108,569,581) Change from Prior Month 641,530,700 639,003,866 686,428,098 0.38 (22) 0.03% 6,625,997 47,424,232 Portfolio Effective Duration 1.14
Return Information Monthly Return Annualized Fiscal Year To Date Return Annualized Calendar
YTD Return Annualized
Book Value 0.30% 3.61% 0.90% 3.63% 2.81% 3.77%

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PARTICIPANT CASH BALANCES
County of San Diego Pooled Money Fund
As of September 30, 2024
($000)
4 * Footnote: The Oracle ending balances for these pool participants are under $500. Due to rounding, the FMV will show as zero even though there is an Oracle balance.

FMV FMV FMV % of
PARTICIPANT 07/31/24 08/31/24 09/30/24 Total
Lakeside FPD 353 1,880 2,564 0.02%
Leucadia Wastewater District 0 0 0 0.00%
Lower Sweetwater FPD 729 715 478 0.00%
Metropolitan Transit System 158,540 165,441 255,654 1.85% Mission Resource Conservation District 80 79 80 0.00%
North County Transit District 43,855 42,538 43,019 0.31% North County Cemetery District 11,387 11,163 11,222 0.08% North County Dispatch 6,985 6,879 6,902 0.05%
North County FPD 4,515 5,982 3,354 0.02%
Otay Water District 9,207 8,930 9,068 0.07%
Palomar Health 1 0 1 0.00%
Pomerado Cemetery District 2,241 2,155 2,125 0.02%
Public Agencies Self-Insurance System 0 0 0 0.00%
Ramona Cemetery District 1,775 1,751 1,735 0.01%
Rancho Santa Fe FPD 12,541 10,550 9,449 0.07%
Resource Conservation District of Greater SD* 0 0 0 0.00% Rincon del Diablo Municipal Water District 4,260 4,132 4,179 0.03% SANDAG 10,860 14,773 14,921 0.11%
SD County Regional Airport Authority 172,776 131,237 134,003 0.97% San Diego Housing Commission 8,562 8,305 8,399 0.06%
San Diego Geographic Information Source 681 563 533 0.00% San Diego Law Library 7,933 7,714 7,862 0.06%
San Diego Local Agency Formation Comm 2,921 3,074 3,296 0.02% San Diego Regional Training Center 1,085 1,607 1,497 0.01% San Dieguito River Park 666 530 1,830 0.01%
San Marcos FPD 1 1 1 0.00%
San Miguel Consolidated FPD 18,127 15,954 13,945 0.10%
Santa Fe Irrigation District 4,944 51 79 0.00%
Upper San Luis Rey Resource Conserv Dist 27 26 27 0.00% Vallecitos Water District 6,072 922 961 0.01%
Valley Center FPD 2,134 1,747 1,779 0.01%
Valley Center Cemetery District 479 465 471 0.00%
Valley Center Water District 2,663 2,583 2,644 0.02%
Vista FPD 3,140 1,841 1,800 0.01%
Whispering Palms Community Services District* 0 0 0 0.00% Total Voluntary Participants 740,053 673,290 762,070 5.53% Pooled Money Fund Total $ 13,966,423 $ 13,098,414 $ 13,784,842 100.00% FMV FMV FMV % of
PARTICIPANT 07/31/24 08/31/24 09/30/24 Total
COUNTY 1,659,890 1,859,965 1,811,739 13.14%
COUNTY - SPECIAL TRUST FUNDS 1,993,650 1,786,959 1,882,511 13.66% NON-COUNTY INVESTMENT FUNDS 139,420 120,364 137,166 1.00% SCHOOLS - (K THRU 12) 8,178,885 7,503,242 8,085,603 58.66%

COMMUNITY COLLEGES
Grossmont-Cuyamaca 205,200 191,768 193,337 1.40%
MiraCosta 254,713 236,951 224,188 1.63%
Palomar 278,150 255,903 249,325 1.81%
San Diego 280,027 267,765 251,619 1.84%
Southwestern 236,436 202,217 187,285 1.36%
Total Community Colleges 1,254,526 1,154,605 1,105,754 8.02% FIRST 5 COMMISSION 31,107 21,695 22,263 0.16%
SDCERA 1,229 8,685 8,712 0.06%
CITIES
Chula Vista 6,419 5,928 5,955 0.04%
Coronado 19,862 13,602 12,445 0.09%
Del Mar 3,038 2,947 2,980 0.02%
Encinitas 1,336 1,296 1,311 0.01%
National City 39,862 38,665 39,101 0.28%
Oceanside* 0 0 0 0.00%
Solana Beach* 0 0 0 0.00%
Vista 91 89 90 0.00%

INDEPENDENT AGENCIES
Air Pollution Control District 113,083 103,417 101,753 0.74% Alpine FPD 385 446 483 0.00%
Bonita-Sunnyside FPD 2,807 2,141 2,195 0.02%
Borrego Springs FPD 15 15 15 0.00%
Canebrake County Water District 0 0 0 0.00%
Deer Springs FPD 21,175 20,665 20,806 0.15%
Grossmont Healthcare District 2 2 2 0.00%
Julian-Cuyamaca FPD 0 0 0 0.00%
Lake Cuyamaca Rec & Park District 100 97 80 0.00%

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Page 60 of 87 ends

Page 61 of 87 ends

Page 62 of 87 ends

Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
October 01, 2024
LAIF Home
PMIA Average Monthly
Yields

CITY OF NATIONAL CITY

FINANCE DIRECTOR
1243 NATIONAL CITY BLVD
NATIONAL CITY, CA 91950-4397
Account Number: 98-37-576
September 2024 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 41,336,256.35
Total Withdrawal: 0.00 Ending Balance: 41,336,256.35

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MALIA M. COHEN

California State Controller

LOCAL AGENCY INVESTMENT FUND

REMITTANCE ADVICE
Agency Name NATIONAL CITY
Account Number 98-37-576
As of 10/15/2024, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 09/30/2024.

Earnings Ratio .00012912073474208
Interest Rate 4.71%
Dollar Day Total $ 3,796,478,893.40
Quarter End Principal Balance $ 41,336,256.35
Quarterly Interest Earned $ 490,204.14

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Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
September 05, 2024
LAIF Home
PMIA Average Monthly
Yields

CITY OF NATIONAL CITY

FINANCE DIRECTOR
1243 NATIONAL CITY BLVD
NATIONAL CITY, CA 91950-4397
Account Number: 98-37-576
August 2024 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 41,336,256.35
Total Withdrawal: 0.00 Ending Balance: 41,336,256.35

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Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
August 01, 2024
LAIF Home
PMIA Average Monthly
Yields

CITY OF NATIONAL CITY

FINANCE DIRECTOR
1243 NATIONAL CITY BLVD
NATIONAL CITY, CA 91950-4397
Account Number: 98-37-576
July 2024 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
7/15/2024 7/12/2024 QRD1757146 N/A SYSTEM 461,192.20
Account Summary
Total Deposit: 461,192.20 Beginning Balance: 40,875,064.15 Total Withdrawal: 0.00 Ending Balance: 41,336,256.35

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Carrying Cost Plus
Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury:

Bills 37,219,132,119.94 $ 37,611,761,722.45 $ 37,649,874,730.00 $ NA Notes 52,438,209,673.44 $ 52,431,249,843.99 $ 52,628,447,237.50 $ 338,916,414.00 $ Federal Agency:

SBA 234,789,566.25
$
234,789,566.25$ 239,688,922.19$ 1,137,293.83$ MBS-REMICs 1,343,330.39$
1,343,330.39$
1,333,133.17$
5,860.17$
Debent
ures 8,551,295,296.41$
8,550,807,275.58$ 8,572,162,650.00$ 88,174,874.00$ Debentures FR -$ -$
-$ -$
Debent
ures CL 1,900,000,000.00$
1,900,000,000.00$ 1,915,595,500.00$ 23,839,290.00$ Discount Notes 27,802,855,756.89$ 28,183,541,083.32$ 28,201,570,100.00$ NA Supranational Debentures 3,045,579,031.00$
3,045,427,121.27$ 3,058,954,350.00$ 30,087,194.50$ Supranational Debentures FR -$ -$
-$ -$
CDs and Y
CDs FR -$ -$
-$ -$
Bank
Notes -$ -$ -$
CDs and Y
CDs 14,150,000,000.00$ 14,150,000,000.00$ 14,167,238,042.50$ 234,857,430.54$ Commercial Paper 9,817,309,625.04$
9,932,313,000.02$ 9,943,126,375.07$ NA
Corporate:

Bonds FR -$ -$

-$ -$
Bonds
841,781,179.90$
841,450,311.84$ 839,516,915.00$ 7,674,799.03$ Repurchase Agreements -$ -$
-$ -$
Reverse Repurchase
-$ -$
-$ -$
Tim
e Deposits 5,149,000,000.00$
5,149,000,000.00$ 5,149,000,000.00$ NA
PMIA & GF Loans 419,106,000.00$
419,106,000.00$ 419,106,000.00$ NA TOTAL 161,570,401,579.26$ 162,450,789,255.11$ 162,785,613,955.43$ 724,693,156.07$ F
air Value Including Accrued Interest 163,510,307,111.50$ Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).

The value of each participating dollar equals the fair value divided by the amortized cost (1.002061084).

As an example: if an agency has an account balance of $20,000,000.00, then the agency would report its participation in the LAIF valued at $20,041,221.68 or $20,000,000.00 x 1.002061084.

State of California
Pooled Money Investment Account
Market Valuation
9/30/2024

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Home | Comments | Disclosure Notice | Privacy Notice | Accessibility Statement | Unclaimed Property | Site Map | Download Adobe Reader Home ->> PMIA ->> PMIA Average Monthly Effective Yields PMIA Average Monthly Effective Yields
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
19775.770 5.660 5.660 5.650 5.760 5.850 5.930 6.050 6.090 6.090 6.610 6.730 19786.920 7.050 7.140 7.270 7.386 7.569 7.652 7.821 7.871 8.110 8.286 8.769 19798.777 8.904 8.820 9.082 9.046 9.224 9.202 9.528 9.259 9.81410.22310.218 198010.98011.25111.49011.48012.01711.79810.2069.870 9.94510.05610.42610.961 198110.98711.68611.13011.47512.17911.44212.34612.84412.05912.39711.88711.484 198211.68312.04411.83511.77312.27011.99412.23511.90911.15111.11110.70410.401 198310.2519.887 9.688 9.868 9.527 9.600 9.87910.07610.20210.18210.16410.227 198410.31210.28010.38210.59410.84311.11911.35511.55711.59711.68111.47411.024 198510.57910.28910.11810.02510.1809.743 9.656 9.417 9.572 9.482 9.488 9.371 19869.252 9.090 8.958 8.621 8.369 8.225 8.141 7.844 7.512 7.586 7.432 7.439 19877.365 7.157 7.205 7.044 7.294 7.289 7.464 7.562 7.712 7.825 8.121 8.071 19888.078 8.050 7.945 7.940 7.815 7.929 8.089 8.245 8.341 8.397 8.467 8.563 19898.698 8.770 8.870 8.992 9.227 9.204 9.056 8.833 8.801 8.771 8.685 8.645 19908.571 8.538 8.506 8.497 8.531 8.538 8.517 8.382 8.333 8.321 8.269 8.279 19918.164 8.002 7.775 7.666 7.374 7.169 7.098 7.072 6.859 6.719 6.591 6.318 19926.122 5.863 5.680 5.692 5.379 5.323 5.235 4.958 4.760 4.730 4.659 4.647 19934.678 4.649 4.624 4.605 4.427 4.554 4.438 4.472 4.430 4.380 4.365 4.384 19944.359 4.176 4.248 4.333 4.434 4.623 4.823 4.989 5.106 5.243 5.380 5.528 19955.612 5.779 5.934 5.960 6.008 5.997 5.972 5.910 5.832 5.784 5.805 5.748 19965.698 5.643 5.557 5.538 5.502 5.548 5.587 5.566 5.601 5.601 5.599 5.574 19975.583 5.575 5.580 5.612 5.634 5.667 5.679 5.690 5.707 5.705 5.715 5.744 19985.742 5.720 5.680 5.672 5.673 5.671 5.652 5.652 5.639 5.557 5.492 5.374 19995.265 5.210 5.136 5.119 5.086 5.095 5.178 5.225 5.274 5.391 5.484 5.639 20005.760 5.824 5.851 6.014 6.190 6.349 6.443 6.505 6.502 6.517 6.538 6.535 20016.372 6.169 5.976 5.760 5.328 4.958 4.635 4.502 4.288 3.785 3.526 3.261 20023.068 2.967 2.861 2.845 2.740 2.687 2.714 2.594 2.604 2.487 2.301 2.201 20032.103 1.945 1.904 1.858 1.769 1.697 1.653 1.632 1.635 1.596 1.572 1.545 20041.528 1.440 1.474 1.445 1.426 1.469 1.604 1.672 1.771 1.890 2.003 2.134 20052.264 2.368 2.542 2.724 2.856 2.967 3.083 3.179 3.324 3.458 3.636 3.808 20063.955 4.043 4.142 4.305 4.563 4.700 4.849 4.946 5.023 5.098 5.125 5.129 20075.156 5.181 5.214 5.222 5.248 5.250 5.255 5.253 5.231 5.137 4.962 4.801 20084.620 4.161 3.777 3.400 3.072 2.894 2.787 2.779 2.774 2.709 2.568 2.353 20092.046 1.869 1.822 1.607 1.530 1.377 1.035 0.925 0.750 0.646 0.611 0.569 20100.558 0.577 0.547 0.588 0.560 0.528 0.531 0.513 0.500 0.480 0.454 0.462 20110.538 0.512 0.500 0.588 0.413 0.448 0.381 0.408 0.378 0.385 0.401 0.382 20120.385 0.389 0.383 0.367 0.363 0.358 0.363 0.377 0.348 0.340 0.324 0.326 20130.300 0.286 0.285 0.264 0.245 0.244 0.267 0.271 0.257 0.266 0.263 0.264 20140.244 0.236 0.236 0.233 0.228 0.228 0.244 0.260 0.246 0.261 0.261 0.267 20150.262 0.266 0.278 0.283 0.290 0.299 0.320 0.330 0.337 0.357 0.374 0.400 20160.446 0.467 0.506 0.525 0.552 0.576 0.588 0.614 0.634 0.654 0.678 0.719 20170.751 0.777 0.821 0.884 0.925 0.978 1.051 1.084 1.111 1.143 1.172 1.239 20181.350 1.412 1.524 1.661 1.755 1.854 1.944 1.998 2.063 2.144 2.208 2.291 20192.355 2.392 2.436 2.445 2.449 2.428 2.379 2.341 2.280 2.190 2.103 2.043 20201.967 1.912 1.787 1.648 1.363 1.217 0.920 0.784 0.685 0.620 0.576 0.540 20210.458 0.407 0.357 0.339 0.315 0.262 0.221 0.221 0.206 0.203 0.203 0.212 20220.234 0.278 0.365 0.523 0.684 0.861 1.090 1.276 1.513 1.772 2.007 2.173 20232.425 2.624 2.831 2.870 2.993 3.1673.305* 3.434 3.534 3.670 3.843 3.929 20244.012 4.122 4.232 4.272 4.332 4.480 4.516 4.579 4.575 4.518 * Revised
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AGENDA REPORT

Department: Planning
Prepared by: Martin Reeder, AICP – Asst. Director of Community Development Meeting Date: Tuesday, February 4, 2025
Approved by: Benjamin A. Martinez, City Manager

SUBJECT:

Resolution to Initiate a Street Vacation of a Portion of Orange Street Cul -de-Sac West of Euclid Avenue. (Case File No. 2022-24 SV)

RECOMMENDATION:

BOARD/COMMISSION/COMMITTEE PRIOR ACTION:

Not Applicable.

EXPLANATION:

Previous Action
The City Council initiated this Street Vacation in October of 2022. However, more than 40 days elapsed prior to a finding of General Plan Conformance by the Planning Commission, counter to what is required by the City’s Street Vacation Procedures. This was due to difficulties involved with getting an adequate property line survey. The applicant has since worked with Engineering Department staff on procuring the survey and is once again ready to move forward.

Executive Summary
The applicant is proposing to va cate a portion of the Orange Street cul-de-sac adjacent to their single-family home. The area is undeveloped and functions as a side yard of the property, although it is considered right-of-way. It is unclear to the casual observer that the area is not part of the residential property. The applicant already keeps the area clean and free of weeds.

Vacating the area would allow the applicant to fence off the area, delineating more clearly the border between private and public property, as well as providing more security for the property.

Street Vacation
The right-of-way to be vacated is approximately 1,500 square feet in size. The area is separated from the main Euclid Avenue corridor by a chain link fence and is at the top of an embankment adjacent to said street. A brow ditch is located on the top of the embankment on the Euclid Avenue side of the fence. There are overhead SDG&E facilities in the area, which would require an easement of access in the future should the area be vacated. Otherwise, the area is not accessible from Euclid Avenue or Orange Street (there is a barrier separating the area from the cul-de-sac) and is ostensibly part of the applicant’s property due to them keeping the area clean.

Although the City is technically responsible for maintenance of the area, there is often confusion over whether the area is private or public due it being immediately adjacent to a single -family

Page 69 of 87 ends

home. There have also been encampments and unauthorized access to the area in the past, which poses a security issue. Vacating the area would also allow the property owner to improve site drainage conditions, which are currently problematic (run -off is causing erosion and the transportation of topsoil into the street).

If initiated, the Planning Commission would subseque ntly hold a hearing to consider the conformity of the proposed vacation with the General Plan. The City Council would then hold a public hearing to consider the Planning Commission’s determination of conformity along with staff’s report and recommendation and any community input.

Options

1. Initiate the Street Vacation request; or

2. File the report (deny).

FINANCIAL STATEMENT:

Not Applicable

RELATED CITY COUNCIL 2020-2025 STRATEGIC PLAN GOAL:

Public Safety

ENVIRONMENTAL REVIEW:

This is a project under CEQA subject to a Categorical Exemption. Minor Alterations in Land Use Limitations. CCR 15305.

PUBLIC NOTIFICATION:

Agenda Report posted within 72 hours of meeting date and time in accordance with Brown Act.

ORDINANCE:

Not Applicable

EXHIBITS:

1. Location Map

2. Site Photos

3. Plat Map

4. Notice of Exemption

5. Resolution

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ATTACHMENT 1
1640 Orange St.

APN 561-160-26
LOT A, BLK. 6, MAP
1785
E. 16th Street
Euclid Avenue
Orange Street
Proposed Street Vacation
Proposed 15' Utility
Easement Reservation
1638
1640Page 71 of 87
ATTACHMENT 2
2022-24 SC – Euclid Avenue east of Orange Avenue
Brow ditch east of Orange Street cul-de-sac
Looking south towards overhead utilities

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Vacation area looking south from Orange Street

Vacation area looking southeast from Orange Street

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LOT
A
LOT
B
BLOCK
6 MAP
1785
APN:
561-160-40
APN:
561-160-28
APN:
561-160-26
º
º
º
º
EXHIBIT "B"
ATTACHMENT 3

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COMMUNITY DEVELOPMENT DEPARTMENT - PLANNING DIVISION
1243 NATIONAL CITY BLVD., NATIONAL CITY, CA 91950

NOTICE OF EXEMPTION
TO: Assessor/Recorder/County Clerk
Attn.: Fish and Wildlife Notices
1600 Pacific Highway, Suite 260
San Diego, CA 92101
MS: A-33
Project Title: 2022-24 SC
Project Location: Unused and undeveloped portion of Orange Street west of Euclid Avenue.

Lead Agency: City of National City
Contact Person: Martin Reeder Telephone Number: (619) 336-4313 Description of Nature, Purpose and Beneficiaries of Project:

Vacation of approximately 1,500 square feet of dirt right-of-way adjacent to a single-family home and between a cul-de-sac barrier and fence separating Orange Street from and an embankment leading down to Euclid Avenue.

Applicant: Telephone Number:

Andrea Arendas (619) 726-2604
1640 Orange Street
National City CA 91950
Exempt Status:

Categorical Exemption. Class 35, Section 15305 (Minor Alterations in Land Use Limitations) Reasons why project is exempt:

There is no possibility that the proposed vacation will have a significant impact on the environment since the area to be vacated is an undeveloped street right-of-way that is not identified as a major road (arterial or collector) in the Circulation Element of the General Plan, and is not identified for any future street or alley extension in or near the subject area. The property is less than five acres in size and is surrounded by urban development.

Date:
________________________________
MARTIN REEDER, AICP – Assistant Director of Community Development ATTACHMENT 4

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RESOLUTION NO. 2025 –

RESOLUTION OF THE CI TY COUNCIL OF THE CI TY OF NATIONAL CITY,

CALIFORNIA, INITIATING A STREET VACATION OF A PORTION OF ORANGE STREET CUL-DE-SAC WEST OF EUCLID AVENUE.

WHEREAS, the City Council of the City of National City, Californi a considered and approved an initiation request for a Street Vacation of a portion of Orange Street cul -de-sac west of Euclid Avenue on October 18, 2022; and

WHEREAS, pursuant to the City’s Street Vacation Procedures, more than 40 days elapsed before a fi nding of General Plan Conformance could be made by the Planning Commission, thus rendering the previous initiation null and void; and

WHEREAS, the City Council of the City of National City, California , considered an initiation request for a Street Vacation of a portion of Orange Street cul -de-sac west of Euclid Avenue on February 4, 2025; and

WHEREAS, the City Council considered the staff report contained in Case File No. 2022-24 SC, maintained by the City and incorporated herein by reference along with e vidence and testimony also presented; and

WHEREAS, this action is taken pursuant to all applicable procedures required by State and City law; and

WHEREAS, City staff recommends the approval of the request to initiate a Street Vacation.

NOW, THEREFORE , THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:

SECTION 1: That the City Council of the City of National City hereby a pproves the Request to Initiate a Street Vacation of a portion of Orange Street cul -de-sac west of Euclid Avenue.

SECTION 2: That t he City Clerk shall certify the passage and adoption of this Resolution and enter it into the book of original Resolutions.

PASSED and ADOPTED this 4th day of February, 2025.

__________________________
Ron Morrison, Mayor
ATTEST:
_____________________________
Shelley Chapel, MMC, City Clerk
APPROVED AS TO FORM:
___________________________
Barry J. Schultz, City Attorney

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AGENDA REPORT

Department: City Clerk's Office
Prepared by: Shelley Chapel, MMC, City Clerk
Meeting Date: Tuesday, February 4, 2025
Approved by: Benjamin A. Martinez, City Manager

SUBJECT:

Introduction of Ordinance Amending National City Municipal Code Chapter 2.75 Adjusting Campaign Contribution Limits as Required Every Odd-Numbered Year to Reflect Changes in the Consumer Price Index.

RECOMMENDATION:

Introduce Ordinance Entitled, “Ordinance of the City Council of the City of National City, California, Amending Various Section s of the National City Municipal Code Chapter 2.75 to Adjust the Campaign Contribution Limits for Any Election Held on or after January 1, 2025.”

BOARD/COMMISSION/COMMITTEE PRIOR ACTION:

Not Applicable.

EXPLANATION:

National City Municipal Code Section 2.75.030 (L) requires the City Clerk to adjust the campaign contribution limit every odd-numbered year to reflect any changes in the Consumer Price Index (CPI) for the San Diego Metropolitan Area for the two-year period ending on December 31st of the previous year and requires these adjustments to be rounded to the nearest five-dollars ($5) as a cost-of-living adjustment.

Chapter 2.75 Section 2.75.030 (L)
The campaign contribution limits and contribution acceptance and solicitation limits specified in subsections A, B, C and D of this section shall be adjusted in February of each odd -numbered year commencing in 2023, for changes in the Consumer Price Index (CPI) over the previous two -year period. The City Clerk shall apply the annual percent change in the CPI for all Urban Consumers (CPI -U) for the San Diego Metropolitan Area to determine the appropriate rate of increase or decrease.

Adjustments made pursuant to this subsection shall be rounded to the near est five dollars.

The Annual Consumer Price Index for the San Diego Metropolitan area rose by 5.2% during 2023 and by another 2.6% in 2024 , demonstrating an overall increase of 8.3 9 percent for the two-year period.

The contribution limits were previously set at one -thousand one hundred thirty -five dollars ($1,135) in a calendar year for individuals (subsection A, and B), and two-thousand two hundred and sixty-five dollars ($2, 265) in a calendar year from political party committees (subsections D, and E), political action committees and independent committees to candidates or controlled committees.

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Applying the percentage of change of the Consumer Price Index and rounding to the nearest five dollars ($5), the City C lerk adjusted the contribution limits to $1,230 for individuals and $2,455 for political action committees and independent committees to candidates or controlled committees.

The City Clerk will be publishing the Notice of Campaign Contribution Limit Adjustment in the Star News, as required , on Friday, February 7, 2025. Additionally, the Federal Voting Rights Act, together with an agreement between the U.S. Department of Justice and the San Diego County Registrar of Voters, requires translation of all election-related materials and notices into covered languages predominantly spoken by 10,000 voters or more in the County. Therefore, the City Clerk has caused the notice to be translated into and published in language -specific newspapers as follows:

Spanish El Latino – publishing on February 6, 2025
Chinese Epoch Times - publishing on February 7, 2025
Vietnamese Nguoi Viet - publishing on February 7, 2025
Filipino Filipino Press - publishing on February 7, 2025

FINANCIAL STATEMENT:

Not Applicable.

RELATED CITY COUNCIL 2020-2025 STRATEGIC PLAN GOAL:

Communication and Outreach

ENVIRONMENTAL REVIEW:

This is not a project under CEQA and is therefore not subject to environmental review. CCR15378; PRC 21065.

PUBLIC NOTIFICATION:

The Agenda Report was posted within 72 hours of the Meeting on the City Website, Bulletin Boards, and Social Media. Published in the Star-News, El Latino, Filipino Press, and Nguoi Viet.

ORDINANCE:

First Reading

EXHIBITS:

Exhibit A – Ordinance - Strike Through Version
Exhibit B – Ordinance

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 2.75.030 - Campaign Contributions—Limitations and Exclusions.

A. Contributions by individuals to candidates or controlled committees. No individual shall make any contribution to a candidate and/or the candidate’s -controlled committee, with respect to any single city election, which will cause the total amount contribut ed by such individual to the candidate and the candidate’s -controlled committee, when combined, to exceed one thousand one two hundred thirty-and thirtyfive dollars ($1,230) in a calendar year.

B. Acceptance or solicitation by candidates or controlled committees from individuals.

No candidate or controlled committee, including the candidate's campaign treasurer, shall solicit or accept any contribution from any individual with respect to any single city election, which will cause the total amount contributed by such individual to the candidate and the candidate’s -controlled committee, when combined, to exceed one thousand one two hundred thirty- and thirty five dollars ($1,230) in a calendar year.

C. Contributions by candidates. The provisions of Subsections A and B of this section shall not apply to contributions from a candidate to his or her controlled committee, nor to the expenditure by the candidate of his or her personal funds on behalf of his or her own candidacy.

D. Contributions by political party committees, political action committees and independent committees to candidates or controlled committees. No political party committee, political action committee or independent committee, shall make any contribution to a candidate and/or the candidate’s -controlled committee, with respect to any single city election, which will cause the total amount contributed to the candidate and the candidate’s-controlled committee, when combined, to exceed tw o thousand two four hundred sixty-and fifty-five dollars ($2,455) in a calendar year.

E. Acceptance or solicitation by candidates or controlled committees from political party committees, political action committees and independent committees. No candidate or controlled committee, including the candidate's campaign treasurer, shall solicit or accept any contribution from any political party committee, political action committee, or independent committee, with respect to any single city election, which will cause the total amount accepted by such political party committee, political action commi ttee, or independent committee to the candidate and the candidate's controlled committee, when combined, to exceed two thousand fourtwo hundred sixty- and fifty five dollars ($2,455) in a calendar year.

F. Family contributions. Contributions by spouses shall be treated as separate contributions and shall not be aggregated. Contributions by children under eighteen years of age shall be treated as contributions attributed equally to each parent or guardian.

G. Applicability of section to candidate and com mittees. The provisions of this section are applicable to any contributions made to a candidate or controlled committee whether used by such candidate or controlled committee to finance a current campaign, to pay debts incurred in prior campaigns, or other wise.

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H. Contributions by city contractors. No individual who contracts with the City of National City, either for the rendition of personal services or for the furnishing of any materials, supplies, or equipment to the city, or for the sale or lease of a ny land or building, to or from the city, shall make any contribution to a city candidate or controlled committee at any time between the commencement of negotiations for and (i) the completion of performance of such contract or (ii) the termination of neg otiations for such contract, whichever occurs later.

I. Contributions from city employees.

1. It is unlawful for a candidate or a candidate’s -controlled committee, to solicit, directly or indirectly, a contribution from a city employee with knowledge tha t the person from whom the contribution is solicited is a city employee.

2. This subsection shall not prohibit a candidate or a candidate’s -controlled committee from soliciting contributions from city employees if the solicitation is part of a solicitatio n made to a significant segment of the public that may include city employees, and the solicitation does not otherwise violate the provisions of this chapter.

3. Nothing in this subsection prohibits a city employee from making a contribution to a candidate, and nothing in this subsection prohibits a candidate from accepting a contribution from a city employee.

4. As used in this subsection, the term "city employee" means any employee of the City of National City (city) or any of its organizational subdivi sions, agencies, offices, boards, or commissions.

J. Aggregation of contributions from different individuals financed, maintained, or controlled by same individual. Contributions from different individuals, but which are financed, maintained, or controlle d by the same individual, shall be aggregated for purposes of the contribution limits of Subsections A and B of this section. All contributions made by an individual whose contribution activity is financed, maintained, or controlled by an individual, shall be deemed to be made by the same individual.

K. A contribution drawn from a checking account or credit card account held by an individual doing business as a sole proprietorship is considered a contribution from that individual for purposes of this subse ction, and may lawfully be received by a candidate for elected city office. A nonmonetary contribution in the form of goods and services donated by an individual doing business as a sole proprietorship is considered a contribution from that individual for purposes of this subsection, and may lawfully be received by a candidate for elective city office.

L. Adjustments for cost of living. The campaign contribution limits and contribution acceptance and solicitation limits specified in Subsections A, B, D and E of this section shall be adjusted in February of each odd -numbered year commencing in 2023, for changes in the Consumer Price Index (CPI) over the previous two -year period. The city clerk shall apply the annual percent change in the CPI for all Urban Co nsumers (CPI-U) for the San Diego Metropolitan Area to determine the appropriate rate of increase or decrease. Adjustments made pursuant to this subsection shall be rounded to the nearest five dollars.

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ORDINANCE NO. 2025 -

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, AMENDING SECTION 2.75.030 OF THE NATIONAL CITY MUNICIPAL CODE CHAPTER 2.75

TO ADJUST THE CAMPAIGN CONTRIBUTION LIMIT FOR ANY ELECTION HELD ON OR AFTER JANUARY 2025

NOW, THEREFORE, the City Council of the City of National City does ordain as follows:

Section 1. FINDINGS . The City Council of the City of National City hereby finds and declares as follows:

WHEREAS, the City Council finds that the National City Municipal Code Chapter 2.75 Section 2.75.030(L), requires the City Clerk to adjust the campaign contribution limits every odd- numbered year to reflect any changes in the Consumer Price Index to the San Diego Metropolitan area; and
WHEREAS, the two-year period ending December 31 of the previous year is the period of December 31, 2022 through December 31, 2024; and
WHEREAS, data reported by the Bureau of Labor Statistics regarding the annual changes in the Consumer Price Index (CPI) for the San Diego Metropolitan area showed that between 2023 and 2024 the CPI for the San Diego Metropolitan area rose 5.11% and 3.12% for those years, respectively, for an overall increase of 8.39%; and WHEREAS, the contribution limits were previously set at one-thousand one hundred thirty-five dollars ($1,135) in a calendar year for individuals (subsection A, and B), and two- thousand two hundred and sixty -five dollars ($2,265) in a calendar year from political party committees (subsections D, and E), politica l action committees and independent committees to candidates or controlled committees; and
WHEREAS, applying the 8.39% increase in the CPI to the previous limits would result in new contribution limits of one thousand two hundred and thirty dollars ($1,230) in a calendar year for individuals (subsection A, and B), and two-thousand four hundred fifty-five dollars ($2,455) in a calendar year from political party committees (subsections D, and E), political action committees and independent committees to candidates or controlled committees.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, HEREBY ORDAINS AS FOLLOWS:

Section 1: That the City Council hereby amends the Chapter 2.75 Section 2.75.030 to the National City Municipal Code, to read as follows:
 2.75.030 - Campaign Contributions—Limitations and Exclusions.

A. Contributions by individuals to candidates or controlled committees. No individual shall make any contribution to a candidate and/or the candidate’s -controlled committee, with respect to any single city election, which will cause the total amount contribut ed by such individual to the candidate and the candidate’s -controlled committee, when combined, to exceed one thousand two hundred and thirty dollars ($1,230) in a calendar year.

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B. Acceptance or solicitation by candidates or controlled committees from ind ividuals.

No candidate or controlled committee, including the candidate's campaign treasurer, shall solicit or accept any contribution from any individual with respect to any single city election, which will cause the total amount contributed by such indiv idual to the candidate and the candidate’s -controlled committee, when combined, to exceed one thousand two hundred and thirty dollars ($1,230) in a calendar year.

D. Contributions by political party committees, political action comm ittees and independent committees to candidates or controlled committees. No political party committee, political action committee or independent committee, shall make any contribution to a candidate and/or the candidate’s -controlled committee, with respec t to any single city election, which will cause the total amount contributed to the candidate and the candidate’s-controlled committee, when combined, to exceed two thousand four hundred and fifty-five dollars ($2, 455) in a calendar year.

E. Acceptance or solicitation by candidates or controlled committees from political party committees, political action committees and independent committees. No candidate or controlled committee, including the candidate's campaign treasurer, shall solicit or accept any contribution from any political party committee, political action committee, or independent committee, with respect to any single city election, which will cause the total amount accepted by such political party committee, political action committee, or independent committee to the candidate and the candidate's controlled committee, when combined, to exceed two thousand four hundred and fifty-five dollars ($2, 455) in a calendar year.

F. Family contributions. Contributions by spouses shall be treated as separat e contributions and shall not be aggregated. Contributions by children under eighteen years of age shall be treated as contributions attributed equally to each parent or guardian.

G. Applicability of section to candidate and committees. The provisions of t his section are applicable to any contributions made to a candidate or controlled committee whether used by such candidate or controlled committee to finance a current campaign, to pay debts incurred in prior campaigns, or otherwise.

H. Contributions by ci ty contractors. No individual who contracts with the City of National City, either for the rendition of personal services or for the furnishing of any materials, supplies, or equipment to the city, or for the sale or lease of any land or building, to or from the city, shall make any contribution to a city candidate or controlled committee at any time between the commencement of negotiations for and (i) the completion of performance of such contract or (ii) the termination of negotiations for such contract, whichever occurs later.

Page 82 of 87 ends

I. Contributions from city employees.

1. It is unlawful for a candidate or a candidate’s -controlled committee, to solicit, directly or indirectly, a contribution from a city employee with knowledge that the person from whom the co ntribution is solicited is a city employee.

2. This subsection shall not prohibit a candidate or a candidate’s -controlled committee from soliciting contributions from city employees if the solicitation is part of a solicitation made to a significant segme nt of the public that may include city employees, and the solicitation does not otherwise violate the provisions of this chapter.

3. Nothing in this subsection prohibits a city employee from making a contribution to a candidate, and nothing in this subsec tion prohibits a candidate from accepting a contribution from a city employee.

4. As used in this subsection, the term "city employee" means any employee of the City of National City (city) or any of its organizational subdivisions, agencies, offices, boa rds, or commissions.

J. Aggregation of contributions from different individuals financed, maintained, or controlled by same individual. Contributions from different individuals, but which are financed, maintained, or controlled by the same individual, shall be aggregated for purposes of the contribution limits of Subsections A and B of this section. All contributions made by an individual whose contribution activity is financed, maintained, or controlled by an individual, shall be deemed to be made by t he same individual.

K. A contribution drawn from a checking account or credit card account held by an individual doing business as a sole proprietorship is considered a contribution from that individual for purposes of this subsection, and may lawfully be received by a candidate for elected city office. A nonmonetary contribution in the form of goods and services donated by an individual doing business as a sole proprietorship is considered a contribution from that individual for purposes of this subsection , and may lawfully be received by a candidate for elective city office.

L. Adjustments for cost of living. The campaign contribution limits and contribution acceptance and solicitation limits specified in Subsections A, B, D and E of this section shall be adjusted in February of each odd -numbered year commencing in 2023, for changes in the Consumer Price Index (CPI) over the previous two -year period. The city clerk shall apply the annual percent change in the CPI for all Urban Consumers (CPI -U) for the San Diego Metropolitan Area to determine the appropriate rate of increase or decrease. Adjustments made pursuant to this subsection shall be rounded to the nearest five dollars.

Section 2: This Ordinance shall take effect and be enforced thirty (30) days following its adoption by City Council.

Section 3: The City Clerk shall certify to the adoption of this Ordinance and shall publish in accordance with the law.

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INTRODUCED at a regular meeting of the City Council of the City of National City, held on this 4th day of February, 2025.

PASSED and ADOPTED this ___ day of ____ 2025.

____________________________
Ron Morrison, Mayor

ATTEST:

_________________________________
Shelley Chapel, MMC, City Clerk

APPROVED AS TO FORM:

_________________________________
Barry J. Schultz, City Attorney

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1 Councilmember Rodriguez voted against.

AGENDA REPORT

Department: City Clerk's Office
Prepared by: Shelley Chapel, MMC, City Clerk
Meeting Date: Tuesday, February 4, 2025
Approved by: Benjamin A. Martinez, City Manager

SUBJECT:

Public Hearing and Introduction of an Ordinance of the City Council of the City of National City, California, Establishing the Compensation of the Mayor and City Councilmembers.

RECOMMENDATION:

Hold the Public Hearing, Receive Public Comment, and Introduce an Ordinance of the City Council of the City of National City, California, Establishing the Compensation of the Mayor and City Council.

BOARD/COMMISSION/COMMITTEE PRIOR ACTION:

Not Applicable.

EXPLANATION:

As an election has occurred and resulted in elected officials beginning new terms of office, the City Council at its January 21st meeting discussed changes to their compensation. In accordance with Government Code section 36516.5 changes to compensation must coincide with elections at which members begin a new term in office. Changes made to compensation outside this window will not be effective until the following term in office (two years).

The last salary adjustment for the Mayor and City Council occurred on March 7, 2023. The last salary adjustment set the base salary of the City Coun cil at $1,546.71 per month and the base salary of the Mayor at $5,211.95 per month, as codified in Ordinance No. 2023-2517.

Compensation increases cannot exceed 5% per calendar year from the date of the last increase in compensation, pursuant to Government Code Section 36516(a)(4). An elected Mayor, pursuant to Government Code Section 36516.1 , may be provided with additional compensation to that which he/she receives as a councilmember. There are no limitations imposed on the amount of the Mayor’s compensation.

At the January 21, 2025, Regular City Council Meeting, the City Council, in a 4 to 1 vote1, directed staff to prepare an ordinance increasing their compensation by 10%. The 10% increase would establish the City Council compensation to $1,701.38 per month, and the Mayor’s compensation to $5,733.15 per month.

FINANCIAL STATEMENT:

An increase to the compensation for the Mayor and City Council of the maximum 10% allowable by law will add approximately $13,678.55 of new expenditures annually to the General Fund.

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RELATED CITY COUNCIL 2020-2025 STRATEGIC PLAN GOAL:

Not Applicable

ENVIRONMENTAL REVIEW:

This is not a project under CEQA , and is therefore , not subject to environmental review.

CCR15378; PRC 21065.

PUBLIC NOTIFICATION:

The Agenda Report was posted within 72 hours of the meeting date and time in accordance with the Ralph M. Brown Act.

ORDINANCE:

First Reading

EXHIBIT:

Exhibit A - Ordinance

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ORDINANCE NO. 2025 -

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, ESTABLISHING THE COMPENSATION OF THE MAYOR AND CITY COUNCIL.

NOW, THEREFORE, the City Council of the City of National City , California, hereby ordains as follows:

Section 1. That the base monthly compensation for the City Council is established at $1,701.38 per month, pursuant to the provisions of sections 36516 and 36516.5 of the California Government Code.

Section 2. That the base monthly compensation for the Mayor is established at $5,211.95 per month, pursuant to the provisions of section 36516.1 of the California Government Code.

Section 3. That the benefits for the Mayor and City Council shall remain as previously established, except for elimination of the $350 City Council expense allowance, to the extent consistent with Government Code sections 36516, 36516.5, 53200 et seq . and any other applicable legal requirements.

Section 4. This Ordinance shall take effect and be in force thirty (30) days from the date of its passage, and before the expiration of fifteen (15) days after its passage, it or a summary of it, shall be published once, with the names of the members of the City Council voting for and against the same in the Star News, a newspaper of general circulation published in the County of San Diego, California.

Section 5. The City Clerk shall certify to the adoption of this Ordinance and shall publish in accordance with the law.

INTRODUCED at a regular meeting of the City Council of the City of National City, California, held on this 4th day of February, 2025.

PASSED and ADOPTED this ___ day of ____ 2025.

____________________________
Ron Morrison, Mayor

ATTEST:

_________________________________
Shelley Chapel, MMC, City Clerk

APPROVED AS TO FORM:

Barry J. Schultz, City Attorney

Page 87 of 87 ends

National City City CouncilFebruary 4, 2025

National City City Council
February 4, 2025