Oakley City Council
November 12, 2025

AGENDA

REGULAR JOINT MEETING OF THE OAKLEY CITY COUNCIL/OAKLEY CITY COUNCIL

ACTING AS THE SUCCESSOR AGENCY TO THE OAKLEY REDEVELOPMENT

AGENCY/OAKLEY PUBLIC FINANCING AUTHORITY
Wednesday, November 12, 2025
6:30 PM
Oakley City Council Chambers located at 3231 Main Street, Oakley, California 94561.

Unless stated otherwise on the agenda, every item on the agenda is exempt from CEQA Guidelines Sections 15060(c), 15061(b)(3), 15273, 15378, 15301, 15323 and/or Public Resources Code Section 21065.

MISSION STATEMENT: The City of Oakley will create a resilient future that fosters and attracts a vibrant and evolving community that welcomes and values all people.

VISION STATEMENT: The City of Oakley celebrates our unique Delta lifestyle and small-town feel where we Live in a safe, dynamic community, Work together to build the future, and Play in our own backyard.

Agendas are posted in Oakley at Oakley City Hall-3231 Main Street, outside the gym at Delta Vista Middle School-4901 Frank Hengel Way and outside the Library at Freedom High School-1050 Neroly Road. Agendas are also posted on the City's Internet Website www.oakleyca.gov.

A complete packet of information containing staff reports and exhibits related to each item is available for public review prior to an Oakley City Council and/or City Council Acting as the Successor Agency to the Oakley Redevelopment Agency/Oakley Public Financing Authority meeting at Oakley City Hall, 3231 Main Street, Oakley, CA 94561. Any writings or documents provided to a majority of the Oakley City Council, Oakley City Council Acting as the Successor Agency to the Oakley Redevelopment Agency or Oakley Public Financing Authority regarding any item on this agenda will be made available for public inspection, during regular business hours, in the Main Lobby of Oakley City Hall.

Agendas may be picked up at Oakley City Hall for no charge. To request information regarding placement on the City's agenda e-mail distribution list, please contact us at (925) 625-7000.

We provide social media options to stay connected to City Hall through Facebook, X, Next Door and Instagram.

If you require special accommodation, please call the City Clerk's office at (925) 625-7000 before the meeting or contact City staff at the meeting.

Please keep cell phones/electronic devices turned off during the meeting. Please be 1 1. OPENING MATTERS

1.1 Call to Order and Roll Call

1.2 Pledge of Allegiance to the Flag (Andi Baladiang, Iron House Elementary School Student)

1.3 Proclamation Recognizing Law Enforcement Records and Support Personnel Day (Paul Beard, Chief of Police)

1.4 Update from the Oakley Library Manager Lisa Cano-Loomis

2. PUBLIC COMMENTS

3. COUNCILMEMBER COMMENTS

4. CONSENT CALENDAR

4.1 Approve Minutes from the Regular Meeting held October 28, 2025 (Kim advised that City Council meetings are video recorded and attendees may appear on video.

Information Regarding Public Comment
Members of the public may address the Council on items of interest that are within the City's jurisdiction. In compliance with State law, the council may not take action or have discussion on any item that is not specifically listed on the agenda. Public comment on items not listed on the agenda will be heard under the Public Comments section of the agenda. Public comments on items listed on the agenda will be heard as the Mayor calls the items. In compliance with State law, the Council may not take action on an item that is not specifically listed on the agenda. If you would like to speak on any agenda item, please fill out a public speaker card available in the lobby and submit it to the City Clerk seated in the Council Chamber prior to the agenda item being called. The Mayor will call you by name to the podium to hear your comment. PUBLIC COMMENTS ARE LIMITED TO THREE (3) MINUTES. Online public comments are accepted until 5 p.m. the day of the meeting and can be submitted at https://www.oakleyca.gov/publiccomment.

Oakley City Council/Oakley City Council Acting as the Successor Agency to the Oakley Redevelopment Agency/Oakley Public Financing Authority
Proclamation
At this time, the public is permitted to address the Oakley City Council/Oakley City Council Acting as the Successor Agency to the Oakley Redevelopment Agency/Oakley Public Financing Authority on non-agendized items.

Consent Calendar items are typically non-controversial in nature and are considered for approval by the Oakley City Council/ Oakley City Council Acting as the Successor Agency to the Oakley Redevelopment Agency/Oakley Public Financing Authority with one single action. Members of the audience, Staff or the Oakley City Council/ Oakley City Council Acting as the Successor Agency to the Oakley Redevelopment Agency/Oakley Public Financing Authority who would like an item removed from the Consent Calendar for purposes of public input may request the Mayor remove the item. The public may request to remove an item(s) to provide input by completing a public speaker card and submitting it to the City Clerk prior to the item(s) being called by the Mayor. 2 Snodgrass, City Clerk)

4.2 Report out of Closed Session Memo (Derek Cole, City Attorney)

4.3 City of Oakley Investment Report (1st Quarter FY 2025/26) (Jeri Tejeda, Administrative Services Director)

4.4 City of Oakley as Successor Agency to the Oakley Redevelopment Agency Quarterly Investment Report (1st Quarter FY 2025/26) (Jeri Tejeda, Administrative Services Director)

4.5 Adopt two Resolutions approving a Subdivision Improvement Agreement and Final Map for Summer Lake North (Phase 1) Village 6 Subdivision 9621 located at the northeast corner of East Cypress Road and Lake Tahoe Drive (Large Lot 6 of Subdivision 9307) (Kevin Rohani, P.E., Public Works Director/City Engineer)

4.6 Adopt a Resolution Accepting the Work Associated with Capital Improvement Project Number 280 – Laurel Road Widening (Cloverbrook Avenue to O'Hara Avenue) Project (Kevin Rohani, P.E., Public Works Director/City Engineer)

4.7 Adopt a Resolution Accepting the Frontage Improvements associated with Capital Improvement Project Number 334 for East Cypress Road Widening Project related to the Machado Subdivision 9615 Frontage Improvements (Kevin Rohani, P.E. Public Works Director/City Engineer)

4.8 Adopt a Resolution Authorizing the Designation of Applicant’s Agent Resolution for Non-State Agencies and Directing Staff to File the Form with the California Governor’s Office of Emergency Services (Cal OES) (Danielle Minutes
Memo
Staff Report

1. City of Oakley Investment Report for the quarter ended September 30, 2025

2. FY 2026 City Investment Worksheet
Staff Report

1. City of Oakley as Successor Agency to the Redevelopment Agency Investment Report for the quarter ended September 30, 2025.

Staff Report

1. Vicinity Map

2. Resolution - FM

3. Resolution - SIA

4. SLN V6 SIA

5. VILLAGE 6 Final Map
Staff Report

1. Resolution

2. Notice of Completion
Staff Report

1. Vicinity Map

2. Resolution
3 Navarro, Assistant City Manager)

5. PUBLIC HEARINGS

6. REGULAR CALENDAR

7. REPORTS

7.1 City Manager
(a) City Manager
(b) Business License Update
(c) Pavement Management Program Update (Mostafa Nakhaei, Project Manager)

7.2 Oakley City Council / Oakley City Council Acting as the Successor Agency to the Oakley Redevelopment Agency
(a) Reports from Council Liaisons to Regional Committees, Commissions and Boards AND Oakley City Council/Oakley City Council Acting as the Successor Agency to the Oakley Redevelopment Agency
(b) Requests for Future Agendas

8. WORK SESSIONS

9. CLOSED SESSION

9.1 CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Section 54956.9: (One potential case based on November 3, 2025 letter from legal counsel for the Bay Area News Group to the City Attorney)

10. ADJOURN
Staff Report

1. Resolution

2. CalOES Form 130- Designation of Applicant's Agent Resolution for Non-State Agencies
(b) October New Business Licenses
4 Proclamation
Law Enforcement Records and Support
Personnel Day
November 14, 2025
WHEREAS, the City Council recognize that the Oakley Police Department, and all law enforcement agencies throughout the State, depend on law enforcement records and support personnel to provide them vital services; and
WHEREAS, the City Council of the City of Oakley appreciates Police Records Assistants and Police Service Assistants who devote countless hours performing the duties that keep law enforcement agencies running smoothly; and
WHEREAS, these professionals demonstrate excellent attention to detail with quality control, and effective communication with the court community that is crucial to the successful completion of criminal cases; and WHEREAS, the Oakley Police Department Record Bureau personnel’s dedication to the accurate and efficient processing of police reports, court paperwork, data entry, filing, and report releases, along with positive and energetic attitudes make for a productive and pleasant workplace; and WHEREAS, it is important to recognize California’s law enforcement records and support personnel for their valuable contributions to our law enforcement system.

NOW, THEREFORE BE IT RESOLVED that I, Shannon Shaw, Mayor of the City of Oakley along with the members of the Oakley City Council do hereby proclaim November 14, 2025 as Law Enforcement Records and Support Personnel Day and extend our gratitude to the Oakley Police Department Records Bureau staff and support personnel for their diligence, commitment, and dedicated service to our community.

November 12, 2025
___________________
Shannon Shaw, Mayor
5 MINUTES OF THE REGULAR JOINT MEETING OF THE OAKLEY CITY COUNCIL/

OAKLEY CITY COUNCIL ACTING AS THE SUCCESSOR AGENCY TO THE OAKLEY

REDEVELOPMENT AGENCY AND SPECIAL MEETING OF THE OAKLEY PUBLIC FINANCING AUTHORITY HELD OCTOBER 28 2025

1. OPENING MATTERS

1.1 Call to Order and Roll Call
Mayor Shannon Shaw called the meeting to order at 6:30 p.m. Vice Mayor Hugh Henderson and Councilmembers George Fuller, Aaron Meadows and Anissa Williams were also present.

1.2 Pledge of Allegiance to the Flag
Vice Mayor Henderson led the Pledge of Allegiance to the Flag.

1.3 Proclamation Recognizing November as Homelessness Awareness Month (Jenny Robbins, Contra Costa Health)
After a short video, Mayor Shaw read and presented the proclamation to Jenny Robbins and Jamie Schecter recognizing November as Homelessness Awareness Month.

1.4 Presentation from Contra Costa Health (Jenny Robbins) Jamie Schecter and Jenny Robbins provided a presentation on Homeless Awareness Month and the work going on in Contra Costa County.

1.5 Recognizing Stepz Dance Studio for their performance at the Warriors Halftime Show (Stephanie Nelson, Owner)
After a short video of Stepz Dance Studio’s performance at the Warriors Halftime Show, Stephanie Nelson made comments about the experience and thanked the City Council for their recognition.

Comments were provided by Councilmember Williams and Mayor Shaw.

2. PUBLIC COMMENTS
A Public Comment was provided by Beth Mounce.
6 3. COUNCILMEMBER COMMENTS
Councilmember Williams provided a comment.

4. CONSENT CALENDAR

4.1 Approve Minutes from the Regular Meeting held October 14, 2025 (Kim Snodgrass, City Clerk)

4.2 Approve Minutes from the Special Meeting Held October 21, 2025 (Kim Snodgrass, City Clerk)

4.3 Report out of Closed Session Memo from the Special Meeting held October 21, 2025 (Derek Cole, City Attorney)

4.4 Waive the Second Reading and adopt Ordinance No. 14-25 approving Rezoning (RZ 2025-004), resulting in completing implementation of Policy Action 1.1 of the Housing Element (Ken Strelo, Community Development Director)

4.5 Waive the Second Reading and Adopt Ordinance No. 15-25 Repealing Section 2.1.003 and Amending and Reenacting Section 2.1.005 of the Oakley Municipal Code Concerning the Appointment of Mayor and Vice Mayor (Derek Cole, City Attorney)

4.6 Adopt a Resolution Appointing Andrea Everage to the Contra Costa Transportation Authority Citizens Advisory Committee for a Four-Year Term (Kim Snodgrass, City Clerk)

4.7 Adopting a Resolution Accepting the Subdivision Improvements Associated with Subdivision 8734 Stonewood Unit 2A Located on Grapevine Lane east of O’Hara Avenue (Kevin Rohani, P.E., Public Works Director/City Engineer)

4.8 Adopt a Resolution Approving the Agreement with Oakley Regency, LLC for “Agreement of Property Owner for Provision of Landscaping in the Public Right of Way” pursuant to Conditions of Approval in Planning Commission Resolution No. 16-24 for Oakley Shops at Laurel Fields and Authorizing the City Manager to Execute the Agreement (Kevin Rohani, P.E., Public Works Director/City Engineer)

4.9 Adopt Resolutions Required by CalPERS Confirming the City’s Election to Pay the Required Member Contribution (Jeri Tejeda, Administrative Services Director)
Councilmember Meadows pulled item 4.4
Councilmember Fuller pulled items 4.1, 4.3, 4.4 and 4.5.

Councilmember Williams pulled item 4.6.
7 It was moved by Councilmember Meadows and seconded by Vice Mayor Henderson to approve the remainder of the Consent Calendar. Motion was unanimous and so ordered. (5-0)
Item 4.1
Councilmember Fuller mentioned he will vote no.

Councilmember Meadows provided a comment.

It was moved by Councilmember Meadows and seconded by Councilmember Williams to approve the minutes. Ayes: Henderson, Meadows, Shaw, Williams; Noes: Fuller (4- 1)
Item 4.3
Councilmember Fuller asked for clarification; City Attorney Derek Cole responded.

There is no vote required for this item.

Item 4.4
Councilmember Meadows mentioned he will recuse himself.

Councilmember Fuller mentioned he will vote no.

It was moved by Councilmember Williams and seconded by Vice Mayor Henderson to adopt the Ordinance. Ayes: Henderson, Shaw, Williams; Noes: Fuller; Recusal:

Meadows (4-1-1)
Item 4.5
Councilmember Fuller mentioned he will vote no.

It was moved by Councilmember Williams and seconded by Councilmember Meadows to adopt the Ordinance. Ayes: Henderson, Meadows, Shaw, Williams; Noes: Fuller (4-1) Item 4.6
Councilmember Williams thanked Andrea for her service to the City of Oakley.

It was moved by Councilmember Williams and seconded by Vice Mayor Henderson to adopt the Resolution. Motion was unanimous and so ordered (5-0) 8 5. PUBLIC HEARINGS

5.1 Adopt a Resolution Amending the Master Fee Schedule to Add Studio 55 Annual Membership Fees and a Home-Based Business Transfer Fee (Jeri Tejeda, Administrative Services Director)

Administrative Services Director Jeri Tejeda presented the report.

Mayor Shaw opened the Public Hearing.

There were no Public Comments, so she closed the Public Hearing.

It was moved by Vice Mayor Henderson and seconded by Councilmember Meadows to adopt the Resolution. Motion was unanimous and so ordered (5-0)

6. REGULAR CALENDAR

6.1 Adopt a Resolution Approving the Fifth Amendment to the Employment Agreement Between the City of Oakley and Joshua McMurray (Derek Cole, City Attorney)
City Attorney Derek Cole presented the report.

Councilmember Fuller, Vice Mayor Henderson, Councilmember Williams asked questions: Mr. Cole responded.

A Public Comment was provided by Marilyn Tiernan.

Two online Comments were provided by individuals who did not state their names and will be entered into the record.

Comments were provided by Councilmember Fuller, Councilmember Williams, Mayor Shaw, Councilmember Meadows.

Mayor Shaw called for a brief recess.

City Attorney Derek Cole provided clarification on what is to be discussed during this item.

Vice Mayor Henderson and Mayor Shaw provided comments.

It was moved by Councilmember Meadows and seconded by Councilmember Williams to adopt the Resolution as written. Ayes: Henderson, Meadows, Shaw, Williams; Noes:

Fuller (4-1)

7. REPORTS

7.1 City Manager
(a) City Manager
9 (b) Business License Update - September
(c) City Council Follow-up: "Blue Sky" Contract for Animal Evacuation Services
City Manager Joshua McMurray reported on the progress of the Oakley Leadership Academy and he provided an update on Oakley on Ice. He announced the Tree Lighting will take place on December 4th. He noted that the business license update for September is attached to the agenda and that the Blue-Sky contract for Animal Evacuation Services will be discussed at the next D6 meeting.

7.2 Oakley City Council/Oakley City Council Acting as the Successor Agency to the Oakley Redevelopment Agency
(a) Reports from Council Liaisons to Regional Committees, Commissions and Boards AND Oakley City Council/Oakley City Council Acting as the Successor Agency to the Oakley Redevelopment Agency
Councilmember Williams thanked staff for their follow-up on mobility and sidewalk issues. She reported she attended the press conference for Brentwood’s potential new City Manager, the Tri Delta Transit meeting, and an interview with the Boy Scouts.

Councilmember Meadows reported he attended the CCTA Board meeting and two CCTA Executive Committee meetings. He also mentioned he toured Oakley with the City Manager and State Treasurer Fiona Ma.

Vice Mayor Henderson reported he attended Oktoberfest at Studio 55, and the East Contra Costa County Habitat Conservancy meeting.

Mayor Shaw reported she attended Ironhouse Sanitary District’s 80th Anniversary Celebration, a tour of Oakley with State Treasurer Fiona Ma, Oktoberfest at Studio 55 and the Tri Delta Transit meeting. She also met with the Mayors of Brentwood and Antioch at Eight Acres with the Brentwood Lions and several optometrists. She attended the Elected Women’s luncheon, worked the Bell Game with Rotary, and attended the Bedford Block Party.
(b) Requests for Future Agendas
None

8. WORK SESSION
None

9. CLOSED SESSIONS

9.1 CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION Pursuant to Government Code Section 54956.9(d)(1)
Schaefers v. BNSF Railway Company (and City of Oakley), Contra Costa Superior Court, Case No. C22-01552
10 McCallister v. Moeckel (and City of Oakley), Contra Costa Superior Court, Case No. C23-00834
Adler v. City of Oakley Police Officers, US District Court, N. D. Cal. Case No. 4:24-cv-03939-HSG
County of Contra Costa, et al. (and City of Oakley) v. Monsanto Co., et al., Civ. No. C22-02818
Cendejas v. City of Oakley. Contra Costa Sup. Ct. Case No. C24-02585

10. ADJOURN
There being no further business, the meeting was adjourned at 8:10 pm Respectfully submitted,
Kim Snodgrass
City Clerk
11 MEMORANDUM
City of Oakley | 3231 Main Street, Oakley, CA 94561 1
O (925) 625-7000 | F (925) 625-9859 | www.oakleyca.gov
Date: October 29, 2025
To: Mayor and City Councilmembers
From: Derek P. Cole, City Attorney
CC: Joshua McMurray, City Manager
Subject: Closed Session Report-Out Memo
For Consideration at the City Council Meeting of November 12, 2025 Background and Analysis
The City Council considered the following closed session item during its Regular meeting held October 28, 2025:

CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(d)(1)
Schaefers v. BNSF Railway Company (and City of Oakley), Contra Costa Superior Court, Case No. C22-01552
McCallister v. Moeckel (and City of Oakley), Contra Costa Superior Court, Case No.

C23-00834
Adler v. City of Oakley Police Officers, US District Court, N. D. Cal. Case No. 4:24-cv03939-HSG County of Contra Costa, et al. (and City of Oakley) v. Monsanto Co., et al., Civ. No.

C22-02818
Cendejas v. City of Oakley. Contra Costa Sup. Ct. Case No. C24-02585 Fiscal Impact
None.

Recommendation
Receive and file this report.

Attachments
None.
12 STAFF REPORT
1 City of Oakley | 3231 Main Street, Oakley, CA 94561
O (925) 625-7000 | F (925) 625-9859 | www.ci.oakley.ca.us DATE: November 12, 2025
TO: Joshua McMurray, City Manager
FROM: Jeri Tejeda, Administrative Service Director
SUBJECT: City of Oakley Quarterly Investment Report (1st Quarter FY 25/26) Background and Analysis
California law and the City’s Investment Policy require the City’s fiscal officer to submit a quarterly investment report to the City Council at the end of each quarter. The report should contain information on all securities held and include a statement denoting the ability of the local agency to meet its expenditure requirements for the next six months.

The City invests in the bond market and utilizes a third party, PFM, to manage these investments. The bond market represents debt owed by a company or government to investors, different from the investment in the stock market which represents ownership in a corporation. The California Government Code prohibits public agencies from investing in the stock market, except for funds specifically designated as pension or OPEB funds. In addition, public agencies are limited to fixed-income bonds and investment instruments, in which the City lends money to governments (U.S. Treasury, municipal issuers, federal agencies such as Fannie Mae and Freddie Mac) or to corporations rated “A” or better, in exchange for semiannual interest payments and the return of the bond’s par value at maturity.

The corporations and institutions in which the City currently holds investments can be found on pages 21 and 22 of the attached investment report. While volatility exists in the bond market, the volatility in the bond market is much less than what is experienced in the stock market.

Volatility in the City’s portfolio is mitigated in a number of ways, including purchasing only from issuers with high credit quality, purchasing securities with maturities of 5 years or less, and maintaining a portfolio that is diversified by sector and issuer.

Additionally, because bonds have a stated maturity date, when the investor is returned the par value of the investment, unlike investment in the equity market, volatility diminishes as a security gets closer to maturity.

Approved and
Forwarded to the
City Council
13 STAFF REPORT
CITY HALL | 3231 Main Street, Oakley, CA 94561 2
O (925) 625-7000 | F (925) 625-9859 | www.CI.Oakley.CA.US Consistency with the Oakley Strategic Plan 27+
This agenda item is consistent with the Strategic Plan 27+ goal for the City of Oakley to leverage its financial resources for the long-term benefit of our residents and businesses while maintaining sufficient reserves to provide stability and ensure a successful future.

Fiscal Impact
City resources are organized and accounted for on a fund basis with some of those funds being restricted for specified uses and others that are unrestricted. For investment purposes, however, the funds are invested as a pool. The Investment Report for the Period Ending September 30, 2025, attached shows a combined pool balance of $105,243,892.34. In the first quarter, the pool accrued interest earnings totaling $609,667.94, a decrease from $626,125.05 at the close of the previous quarter.

Our investments continue to yield interest at the purchase cost rate, averaging 3.56% for the quarter ending September 30, 2025, as detailed in the PFM investment report.

Staff Recommendation
Staff recommends the City Council accept the investment report for the 1st Quarter of Fiscal Year 2025-2026.

Attachments

1. City of Oakley Investment Report for the quarter ended September 30, 2025

2. FY 2026 City Investment Worksheet
14 Investment Performance Review
For the Quarter Ended September 30, 2025
Client Management Team PFM Asset Management A division of U.S. Bancorp Asset Management, Inc Allison Kaune, Relationship Manager
Rachael Miller, Client Consultant
213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
1 California Street Ste. 1000
San Francisco, CA 94111-5411
415-393-7270
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public City of Oakley
15 PFM Asset Management | pfmam.com
Market Summary
2 16
Summary
• The third quarter of 2025 saw a gradual easing of uncertainty as markets digested the lingering effects of a complex tariff rollout. While the effectivetariff rate remains elevated, the avoidance of worst-case trade outcomeshelped stabilize investor sentiment. Equity and bond markets rebounded,supported by steady consumer spending and business investment. • The labor market continued to soften as job creation surprised to the downside in July and August. The unemployment rate rose during the quarter but remained below its 30-year average.
• Rising goods prices and sticky services costs continued to keep core inflation well above the Federal Reserve’s (Fed) 2% target. Certain import-reliantgoods showed signs of modest tariff passthroughs. • In September, the Fed delivered its first rate cut of 2025, lowering the federal funds target range to 4.00% to 4.25%. Fed Chair Jerome Powell describedit as a “risk management cut” reflecting growing concerns over the labormarket.The median forecast from the Fed’s September “dot plot” showedan additional 50 basis points (bps) of rate cuts this year, 25 bps more thanits June projections.

Economic Snapshot• U.S. inflation accelerated modestly during the third quarter as certain goods categories began to reflect tariff-related cost pressures and services inflationremained sticky. Headline CPI rose to 2.9% year-over-year, and core CPI (exfood and energy) edged up to 3.1%. Fed Chair Powell noted tariffs have begun to push up goods prices though these effects are expected to be shortlived. • U.S. real gross domestic product (GDP) rebounded to 3.8% in the second quarter, driven by a reversal of the trade and inventory dynamics that weighed on Q1 growth. Despite labor market softness, consumer spendingproved resilient, largely supported by continued spending from higher-income households. Business investment also remained strong.
• The labor market continued to cool with new net job creation nearing zero and the unemployment rate ticked up to 4.3%. Despite these signs of slowing, layoffs remained low, suggesting employers are adopting a “no hire,no fire” approach.

Interest Rates• The U.S. Treasury yield curve steepened furtherin Q3, led by a decline in shortterm yields. Maturities less than one year fell 30-40 bps as markets reflectednew Fed rate-cutting expectations. Longer-dated maturityyields from three to 30 years also fell but to a lesser extent afterconcerns overfiscal deficits and tariffrelated inflation eased slightly. • The 3-month U.S. Treasury ended the quarter at 3.94%, over35 bps lower. The 2- and 5-year Treasuries fell by 11 and 6 bps to 3.61% and 3.74% respectively. The10- and 30-year U.S.Treasury fell by 8 and 4 bps to 4.15% and 4.73% respectively.Bond volatility has continuedto fall significantly from April highs and has now reachedthe lowest levels in three years. • As a result of lower yields overthe quarter, bond indexes generated positive total returns forthe quarter.The ICE BofA3-month, 2-, 5-, and 10-year U.S.Treasuryindices returned 1.08%, 1.01%, 1.17%, and 1.81% for the quarter, respectively.

Sector Performance• Excess returns were strong across investment grade sectors as April’s spread widening fully reversed on positive trade news and resilient economic data. • Federal agency and supranational spreads remained low and traded in a narrow range throughout Q3. Excess returns remained muted in part due to limited issuance, which is a trend we expect to continue. • Investment-grade (IG) corporate bonds generated strong excess returns as spreads narrowed to multi-year lows across most maturities. Lower-qualityand longer-duration bonds led performance, supported by strong investordemand. • Asset-backed securities (ABS) spreads tightened but remain modestly elevated versus 12-month lows. While excess returns were positive, theylagged those of IG corporates. Auto loan collateral modestly outperformedcredit card-backed securities. • Agency-backed mortgage-backed securities (MBS) delivered solid performance with positive excess returns across the board. Longer-durationMBS stood out as a top-performing IG sector in Q3. Agency-backedcommercial MBS (CMBS) also posted positive excess returns for the quarter. • Short-term credit (commercial paper and negotiable bank CDs) yields declined as Treasury issuance surged and the Fed cut rates. Short-end yield spreads widened over the quarter and demand remained strong as investorsviewed the sector as a hedge against future rate cuts.

City of Oakley
For the Quarter Ended September 30, 2025
Market Summary
PFM Asset Management | pfmam.com
3 17
Labor Market
Economic Snapshot
Jun '25 Sep '24
GDP Personal Consumption (QoQ SAAR) 2025Q2 2.5%
Retail Sales (YoY) Aug-25 5.0% 4.4% 2.0%
ISM Manufacturing Survey (month) Sep-25 49.1 49.0 47.5
Existing Home Sales SAAR (month) Aug-25 4.00 mil. 3.93 mil. 3.90 mil.

Inflation/ Prices
Personal Consumption Expenditures (YoY) Aug-25 2.7% 2.6% 2.3% Consumer Price Index (YoY) Aug-25 2.9% 2.7% 2.4%
Consumer Price Index Core (YoY) Aug-25 3.1% 2.9% 3.3%
Crude Oil Futures (WTI, per barrel) Sep 30 $62.37 $65.11 $68.17Gold Futures (oz.) Sep 30 $3,841 $3,308 $2,636 Latest
0-100K200K100K400K300K500K

0.0%1.0%3.0%2.0%4.0%5.0%
Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25
Unemployment Rate (left) vs. Change in Non-farm Payrolls (right) Change In Non-Farm Payrolls Unemployment Rate
4%3%5%
2%1%0%
-1%
Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25
Real GDP (QoQ)
9%8%7%6%5%4%3%2%1%0%
Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25
Consumer Price Index
CPI (YoY) Core CPI (YoY)
2 3.9%
Unemployment Rate Aug-25 4.3% 4.1% 4.1%
Change In Non-Farm Payrolls Aug-25 22,000 -13,000 240,000 Average Hourly Earnings (YoY) Aug-25 3.7% 3.7% 3.9%
Personal Income (YoY) Aug-25 5.1% 4.7% 5.3%
Initial Jobless Claims (week) 9/20/25 218,000 232,000 227,000 Growth
Real GDP (QoQ SAAR) 2025Q2 3.8% -0.6%1 3.6%2
1 0.6%

1.Data as of First Quarter 2025.2.Data as of Second Quarter 2024.

Note: YoY = year-over-year, QoQ = quarter-over-quarter, SAAR = seasonally adjusted annual rate, WTI = West Texas Intermediate crude oil.

Source: Bloomberg Finance L.P.

City of Oakley
For the Quarter Ended September 30, 2025
Market Summary
PFM Asset Management | pfmam.com
4 18
Source: Bloomberg Finance L.P.

Interest Rate Overview
U.S. Treasury Note Yields U.S. TreasuryYield Curve
U.S. Treasury Yields Yield Curves as of September 30, 2025 6%5%4%3%2%1%0%
3-mo
1-yr
2-yr
3-yr
5-yr
7-yr
10-yr
20-yr
30-yr
Yield
Maturity
September 30, 2025 June 30, 2025 September 30, 2024
6%5%4%3%2%1%0%
3-mo
1-yr
2-yr
3-yr
5-yr 0
7-yr
10-yr
25-yr
30-yr
Yield
Maturity
U.S. Treasury Federal Agency Corporates, A Rated

0.0%1.0%2.0%3.0%4.0%5.0%6.0%
9/30/24 12/31/24 3/31/25 6/30/25 9/30/25
Yield
2-Year 5-Year 10-Year
Maturity Sep '25 Jun '25 Change over Quarter Sep '24 Change over Year 3-Month 3.94% 4.30% (0.36%) 4.63% (0.69%)
1-Year 3.62% 3.97% (0.35%) 4.01% (0.39%)2-Year 3.61% 3.72% (0.11%) 3.64% (0.03%)5-Year 3.74% 3.80% (0.06%) 3.56% 0.18% 10-Year 4.15% 4.23% (0.08%) 3.78% 0.37%
30-Year 4.73% 4.78% (0.05%) 4.12% 0.61%
City of Oakley
For the Quarter Ended September 30, 2025
Market Summary
PFM Asset Management | pfmam.com
5 19
September 30, 2025 Duration Yield 3 Month 1 Year 3 Years 1-3 Year Indices
U.S. Treasury 1.83 3.65% 1.12% 3.87% 4.34%
Federal Agency 1.47 3.68% 1.17% 4.04% 4.50%
U.S. Corporates, A-AAA rated 1.82 4.13% 1.40% 4.65% 5.44% Agency MBS (0 to 3 years) 1.78 4.50% 1.15% 4.25% 5.03%
TaxableMunicipals 1.71 3.83% 1.48% 4.73% 5.14%
1-5 Year Indices
U.S. Treasury 2.54 3.66% 1.14% 3.77% 4.42%
Federal Agency 2.18 3.72% 1.20% 4.11% 4.60%
U.S. Corporates, A-AAA rated 2.64 4.38% 1.69% 7.06% 4.63% Agency MBS (0 to 5 years) 2.56 4.70% 1.43% 4.81% 5.57%
TaxableMunicipals 2.59 3.97% 1.73% 4.65% 5.19%
Master Indices (Maturities 1 Year or Greater)
U.S. Treasury 6.13 3.97% 1.56% 1.89% 3.48%
Federal Agency 3.37 3.85% 1.45% 3.67% 4.65%
U.S. Corporates, A-AAA rated 6.75 4.68% 2.51% 3.39% 6.43% Agency MBS (0 to 30 years) 5.50 4.79% 2.40% 3.26% 5.00% TaxableMunicipals 8.86 5.06% 2.95% 2.13% 5.56%
Returns for periods greater than one year areannualized.

Source: ICE BofA Indices.

As of 09/30/2025 Returns for Periods ended 09/30/2025
ICE BofA Index Returns
City of Oakley
For the Quarter Ended September 30, 2025
Market Summary
PFM Asset Management | pfmam.com
6 20
Disclosures
Indices shown are not available for investment. The index data reference herein is the property of the index provider and/or its licensors. The index provider assumes no liability in connections with its use and does not sponsor, endorse or recommend the products or services contained herein. Index returns do not reflect payment of anysales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to belower than the performance shown.The views expressed within this material constitute the perspective and judgment of U.S. BancorpAsset Management, Inc. at the time of distribution and are subject to change. Any forecast, projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon current opinion as of the date of issue and are also subject to change. Opinions and data presented are not necessarily indicative of future events or expected performance. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. No representation ismade as to its accuracy or completeness.PFM Asset Management serves clients in the public sector and is a division of U.S. BancorpAsset Management, Inc., which is the legal entity providing investmentadvisory services. U.S. Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S.Bancorp. U.S. BankN.A. is not responsible for and does not guarantee the products, services, or performance of U.S. BancorpAsset Management, Inc.NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUEFurther distribution is not permitted without prior written consent.

City of Oakley
For the Quarter Ended September 30, 2025
Market Summary
PFM Asset Management | pfmam.com
7 21
PFM Asset Management | pfmam.com
Portfolio Review:

CITY OF OAKLEY
8 22
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Compliance
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Financial LP Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended September 30, 2025, the account(s) managed by PFM Asset Management("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. 9 23
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Account Summary
Account Summary

1. Yield at market, yield on cost, and portfolio duration only include investments held within the separately managed account(s), excludes balances invested in overnight funds.

The current 7-day yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by 365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

2. City of Oakley - City of Oakley - 6111-01
Portfolio Values September 30, 2025CAMP Managed Account $31,004,742 CAMP Pool $1,268,592
Amortized Cost $30,826,736
Market Value $31,004,742
Accrued Interest $208,532
Cash $0
Analytics¹ September 30, 2025Yield at Market 3.78%
Yield on Cost 3.56%Portfolio Duration 2.24
CAMP Pool7-Day Yield 4.27%
10 24
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Account Summary
Account Summary
CAMP Managed Account $31,213,274CAMP Pool $1,268,592Total Program $32,481,867 Consolidated Summary
Sector Allocation

3.9%

0.7% 0.0%

4.5%

16.8%

21.3%

11.6%

25.2%

16.0%

0.0% 0.0% 0.0%
$0$2$4$6$8
$10
Millions
Under
30 days
31 to 60
days
61 to 90
days
91 to
180 days
181 days
to 1 year
1 to 2 years
2 to 3 years
3 to 4 years
4 to 5 years
5 to 7 years
7 to 10
years
Over 10
years
Maturity Distribution
(Weighted Average Maturity: 858 Days)

1. Account summary and sector allocation include market values, accrued interest, and overnight balances. Maturity distribution includes market values and excludes accrued interest and overnight balances U.S. Treasury | 90%Corporate | 6%Joint Powers Authority | 4% 11 25
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Snapshot
Total market value includes accrued interest and balances invested in CAMP, as of September 30, 2025.

Yield and duration calculations exclude balances invested in CAMP.The portfolio’s benchmark is currently the 0-5 year U.S. Treasury Index. Piror to 03/31/24 it was the 1-5 year U.S. Treasury.. Source:

Bloomberg Financial LP.An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.

1. Portfolio Snapshot - CITY OF OAKLEY¹
Credit Quality - S&P
23% 24%
17%
32%
4%
26% 27%
21%
18%
8%
0%5%
10%15%20%25%30%35%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 90%Corporate | 6%Joint Powers Authority | 4% Sector Allocation
AAAm | 4%AA+ | 91%A+ | 2%A | 3%A- | 1%
Portfolio Statistics
Portfolio Effective Duration 2.24 years
Benchmark Effective Duration 2.04 yearsPortfolio Credit Quality AA Yield At Market 3.78%
Yield At Cost 3.56%
Total Market Value $32,481,866.62
Managed Account Sub-Total $31,004,742.13Pool $1,268,592.43 Accrued Interest $208,532.06
12 26
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Summary
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balancesinvested in overnight funds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchU.S. Treasury 93.7% United States Treasury 93.7% AA / Aa / AA
Corporate 6.3%
Alphabet Inc 0.9% AA / Aa / NR
Bank of America Corp 0.7% A / A / AABristol-Myers Squibb Co 0.7% A / A / NRJPMorgan Chase & Co 1.6% A / A / AA Mastercard Inc 0.7% A / Aa / NRTarget Corp 0.7% A / A / ATexas Instruments Inc 0.9% A / Aa / NR Total 100.0%
13 27
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Characteristics
$0.0$6.6
$13.2$19.8$26.4$33.0
Millions
September 2025
$0.0$6.6
$13.2$19.8$26.4$33.0
Millions
June 2025
$0.0$6.6
$13.2$19.8$26.4$33.0
Millions
March 2025
$0.0$6.6
$13.2$19.8$26.4$33.0
Millions
December 2024
Sector Allocation Review
U.S. Treasury Corporate Joint Powers Authority
Market values, excluding accrued interest. Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. Detail may not add to total due to rounding.

Security Type Dec-24 % of Total Mar-25 % of Total Jun-25 % of Total Sep-25 % of Total U.S. Treasury $26.9 87.1% $28.5 90.5% $27.7 86.8% $29.0 90.0%Corporate $3.9 12.7% $2.9 9.2% $1.9 6.1% $2.0 6.1%Joint Powers Authority $0.0 0.2% $0.1 0.3% $2.3 7.1% $1.3 3.9%Total $30.9 100.0% $31.5 100.0% $31.9 100.0% $32.3 100.0% 14 28
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Activity
Portfolio Activity
Net Activity by Sector
($ millions)
U.S. TreasuryU.S. Treasury
($4.0) ($2.0) $0.0 $2.0 $4.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.

Sector Net ActivityU.S. Treasury $1,227,993Total Net Activity $1,227,993 Sales/Maturities Purchases
15 29
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Performance

0.0%1.0%2.0%3.0%4.0%5.0%
Return
Portfolio Benchmark
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years Since Inception¹ Interest Earned² $236,394 $842,055 $1,754,616 - $1,935,551 Change in Market Value $139,920 $459,959 $2,490,656 - $778,334 Total Dollar Return $376,314 $1,302,014 $4,245,272 - $2,713,885 Total Return³
Portfolio 1.16% 4.18% 4.77% - 2.14%Benchmark⁴ 1.15% 3.91% 4.37% - 1.75% 3 Months 1 Year 3 Years 5 Years Since Inception

1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is December 31, 2021.

2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.4. The portfolio’s benchmark is currently the 0-5 year U.S. Treasury Index. Prior to 03/31/24 it was the 1-5 year U.S. Treasury.. Source: Bloomberg Financial LP. 16 30
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Performance

1. The lesser of 10 years or since inception is shown. Performance inception date is December 31, 2021.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Realized gains / (losses) are shown on an amortized cost basis.

Accrual Basis Earnings
Accrual Basis EarningsInterest Earned²Realized Gains / (Losses)³Change in Amortized CostTotal Earnings 3 Months
$236,394- $34,421
$270,814
1 Year
$842,055- $145,100$987,155
3 Years
$1,754,616
($4,366)
$435,772
$2,186,021
5 Year---- Since Inception¹ $1,935,551 ($26,313) $476,537 $2,385,775 17 31
Portfolio Holdings and Transactions
PFM Asset Management | pfmam.com
18 32
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Composition
Issuer Distribution
As of September 30, 2025
Issuer Market Value ($) % of PortfolioUNITED STATES TREASURY 29,049,128 90.01 %CAMP POOL 1,268,592 3.93 %JPMORGAN CHASE & CO 485,686 1.50 % ALPHABET INC 295,461 0.92 %
TEXAS INSTRUMENTS INC 280,025 0.87 %MASTERCARD INC 228,638 0.71 %BRISTOL-MYERS SQUIBB CO 224,081 0.69 %BANK OF AMERICA CORP 222,063 0.69 %TARGET CORP 219,660 0.68 % Grand Total 32,273,335 100.00 %
19 33
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY N/BDTD 02/01/2021 0.375% 01/31/2026
91282CBH3 1,490,000.00 AA+ Aa1 5/2/2022 5/3/2022 1,352,349.61 3.00 941.37 1,477,733.13 1,472,266.02 US TREASURY N/BDTD 03/31/2021 0.750% 03/31/2026
91282CBT7 1,835,000.00 AA+ Aa1 10/13/2021 10/14/2021 1,816,721.68 0.98 37.81 1,832,969.08 1,807,144.70 US TREASURY N/BDTD 06/01/2021 0.750% 05/31/2026
91282CCF6 930,000.00 AA+ Aa1 6/6/2022 6/7/2022 850,732.03 3.04 2,344.06 916,806.84 911,345.13 US TREASURY N/BDTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 2,510,000.00 AA+ Aa1 10/13/2021 10/14/2021 2,487,939.45 1.06 60.34 2,505,568.41 2,440,641.17 US TREASURY N/BDTD 02/15/2024 4.125% 02/15/2027
91282CKA8 1,875,000.00 AA+ Aa1 3/28/2025 3/31/2025 1,880,786.13 3.95 9,878.14 1,879,268.96 1,885,839.38 US TREASURY N/BDTD 04/30/2020 0.500% 04/30/2027
912828ZN3 835,000.00 AA+ Aa1 8/3/2022 8/4/2022 744,813.48 2.96 1,747.15 804,972.58 794,978.45 US TREASURY N/BDTD 08/15/2024 3.750% 08/15/2027
91282CLG4 775,000.00 AA+ Aa1 2/12/2025 2/18/2025 763,526.37 4.38 3,711.79 766,268.29 776,604.25 US TREASURY N/BDTD 08/15/2017 2.250% 08/15/2027
9128282R0 875,000.00 AA+ Aa1 9/6/2022 9/7/2022 826,567.38 3.48 2,514.44 856,653.09 853,295.62 US TREASURY N/BDTD 09/30/2025 3.500% 09/30/2027
91282CPB1 2,360,000.00 AA+ Aa1 9/29/2025 9/30/2025 2,354,007.81 3.63 226.92 2,354,018.97 2,354,930.72 US TREASURY N/BDTD 01/31/2023 3.500% 01/31/2028
91282CGH8 1,000,000.00 AA+ Aa1 3/1/2024 3/5/2024 969,921.88 4.34 5,896.74 982,041.66 997,344.00 US TREASURY N/BDTD 05/01/2023 3.500% 04/30/2028
91282CHA2 1,000,000.00 AA+ Aa1 2/22/2024 2/26/2024 966,484.38 4.39 14,646.74 979,297.24 997,109.00 US TREASURY N/BDTD 07/31/2023 4.125% 07/31/2028
91282CHQ7 1,000,000.00 AA+ Aa1 2/15/2024 2/16/2024 995,039.06 4.25 6,949.73 996,847.20 1,013,281.00 US TREASURY N/BDTD 10/31/2023 4.875% 10/31/2028
91282CJF9 1,000,000.00 AA+ Aa1 2/22/2024 2/26/2024 1,021,953.13 4.35 20,400.82 1,014,959.54 1,035,625.00 US TREASURY N/BDTD 11/16/1998 5.250% 11/15/2028
912810FF0 1,000,000.00 AA+ Aa1 4/2/2024 4/3/2024 1,036,093.75 4.38 19,830.16 1,024,411.96 1,046,836.00 US TREASURY N/BDTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,000,000.00 AA+ Aa1 4/2/2024 4/3/2024 972,304.69 4.40 9,476.90 980,427.88 1,003,164.00 20 34
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY N/BDTD 01/31/2024 4.000% 01/31/2029
91282CJW2 1,000,000.00 AA+ Aa1 2/15/2024 2/16/2024 990,585.94 4.21 6,739.13 993,463.98 1,010,820.00 US TREASURY N/BDTD 02/29/2024 4.250% 02/28/2029
91282CKD2 1,000,000.00 AA+ Aa1 3/1/2024 3/5/2024 999,492.19 4.26 3,639.50 999,641.37 1,019,023.00 US TREASURY N/BDTD 04/01/2024 4.125% 03/31/2029
91282CKG5 1,000,000.00 AA+ Aa1 4/2/2024 4/3/2024 988,632.81 4.38 113.32 991,782.22 1,015,234.00 US TREASURY N/BDTD 04/30/2024 4.625% 04/30/2029
91282CKP5 450,000.00 AA+ Aa1 5/9/2024 5/13/2024 453,058.59 4.47 8,709.58 452,272.68 464,361.30 US TREASURY N/BDTD 07/31/2024 4.000% 07/31/2029
91282CLC3 745,000.00 AA+ Aa1 8/1/2024 8/2/2024 749,627.15 3.86 5,020.65 748,628.25 753,235.98 US TREASURY N/BDTD 09/03/2024 3.625% 08/31/2029
91282CLK5 750,000.00 AA+ Aa1 9/5/2024 9/6/2024 752,314.45 3.56 2,328.21 751,853.47 748,183.50 US TREASURY N/BDTD 10/31/2024 4.125% 10/31/2029
91282CLR0 3,400,000.00 AA+ Aa1 11/14/2024 11/15/2024 3,374,367.19 4.30 58,691.58 3,378,523.90 3,454,053.20 US TREASURY N/BDTD 09/02/2025 3.625% 08/31/2030
91282CNX5 1,200,000.00 AA+ Aa1 9/2/2025 9/3/2025 1,193,625.00 3.74 3,725.14 1,193,719.39 1,193,812.80 Security Type Sub-Total 29,030,000.00 28,540,944.15 3.54 187,630.22 28,882,130.09 29,049,128.22 Joint Powers Authority
CAMP Pool 1,268,592.43 AAAm NR 1,268,592.43 0.00 1,268,592.43 1,268,592.43 Security Type Sub-Total 1,268,592.43 1,268,592.43 0.00 1,268,592.43 1,268,592.43 Corporate
BRISTOL-MYERS SQUIBB CO(CALLABLE)DTD 11/13/2020 0.750% 11/13/2025 110122DN5 225,000.00 A A2 3/14/2022 3/16/2022 210,096.00 2.66 646.88 224,524.70 224,080.88

ALPHABET INC (CALLABLE)
DTD 08/09/2016 1.998% 08/15/2026
02079KAC1 300,000.00 AA+ Aa2 3/14/2022 3/16/2022 294,777.00 2.42 765.90 298,967.89 295,461.30 TARGET CORP (CALLABLE)DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 25,000.00 A A2 1/19/2022 1/24/2022 24,957.50 1.99 102.92 24,988.99 24,406.65 21 35
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
TARGET CORP (CALLABLE)DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 200,000.00 A A2 3/14/2022 3/16/2022 194,764.00 2.53 823.33 198,602.93 195,253.20 BANK OF AMERICA CORP(CALLABLE)DTD 10/21/2016 3.248% 10/21/2027 06051GGA1 225,000.00 A- A1 1/3/2023 1/5/2023 210,411.00 4.78 3,248.00 218,745.16 222,062.63 TEXAS INSTRUMENTS INC(CALLABLE)DTD 11/03/2017 2.900% 11/03/2027 882508BC7 285,000.00 A+ Aa3 1/3/2023 1/5/2023 267,880.05 4.29 3,397.83 277,592.52 280,024.76 MASTERCARD INC (CALLABLE)DTD 02/27/2025 4.550% 03/15/2028 57636QBF0 225,000.00 A+ Aa3 3/3/2025 3/4/2025 226,869.75 4.25 455.00 226,523.33 228,638.03 JPMORGAN CHASE & CO(CALLABLE)DTD 04/22/2024 5.581% 04/22/2030 46647PEG7 465,000.00 A A1 4/22/2025 4/23/2025 475,741.50 5.05 11,461.98 474,660.56 485,686.46 Security Type Sub-Total 1,950,000.00 1,905,496.80 3.86 20,901.84 1,944,606.08 1,955,613.91 Managed Account Sub Total 30,980,000.00 30,446,440.95 208,532.06 31,004,742.13Securities Sub TotalAccrued Interest $32,248,592.43 $31,715,033.38 $208,532.06 $32,273,334.56 $208,532.06
30,826,736.17
$32,095,328.60

3.56 3.56%
Total Investments $32,481,866.62
22 36
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY9/2/2025 9/3/2025 1,200,000.00 91282CNX5 US TREASURY N/B 3.62% 8/31/2030 1,193,985.50 3.74%9/29/2025 9/30/2025 2,360,000.00 91282CPB1 US TREASURY N/B 3.50% 9/30/2027 2,354,007.81 3.63% Total BUY 3,560,000.00 3,547,993.31 0.00
INTEREST7/15/2025 7/15/2025 87612EBM7 TARGET CORP (CALLABLE) 1.95% 1/15/2027 2,193.757/31/2025 7/31/2025 91282CBH3 US TREASURY N/B 0.37% 1/31/2026 2,793.757/31/2025 7/31/2025 91282CJW2 US TREASURY N/B 4.00% 1/31/2029 20,000.007/31/2025 7/31/2025 91282CGH8 US TREASURY N/B 3.50% 1/31/2028 17,500.007/31/2025 7/31/2025 91282CHQ7 US TREASURY N/B 4.12% 7/31/2028 20,625.007/31/2025 7/31/2025 91282CLC3 US TREASURY N/B 4.00% 7/31/2029 14,900.008/15/2025 8/15/2025 02079KAC1 ALPHABET INC (CALLABLE) 1.99% 8/15/2026 2,997.008/15/2025 8/15/2025 91282CLG4 US TREASURY N/B 3.75% 8/15/2027 14,531.258/15/2025 8/15/2025 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 38,671.888/15/2025 8/15/2025 9128282R0 US TREASURY N/B 2.25% 8/15/2027 9,843.758/31/2025 8/31/2025 91282CKD2 US TREASURY N/B 4.25% 2/28/2029 21,250.008/31/2025 8/31/2025 91282CLK5 US TREASURY N/B 3.62% 8/31/2029 13,593.759/15/2025 9/15/2025 57636QBF0 MASTERCARD INC (CALLABLE) 4.55% 3/15/2028 5,630.63 23 37
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST9/30/2025 9/30/2025 91282CAM3 US TREASURY N/B 0.25% 9/30/2025 2,900.009/30/2025 9/30/2025 91282CKG5 US TREASURY N/B 4.12% 3/31/2029 20,625.009/30/2025 9/30/2025 91282CBT7 US TREASURY N/B 0.75% 3/31/2026 6,881.259/30/2025 9/30/2025 91282CCZ2 US TREASURY N/B 0.87% 9/30/2026 10,981.25 Total INTEREST 0.00 225,918.26 0.00
MATURITY9/30/2025 9/30/2025 2,320,000.00 91282CAM3 US TREASURY N/B 0.25% 9/30/2025 2,320,000.00 Total MATURITY 2,320,000.00 2,320,000.00 0.00
24 38
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Appendix
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sourcesexternal to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements.While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References toparticular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and indexcharacteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO.It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of anysales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investmentperformance to be lower than the performance shown.The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast,projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinionas of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct asactual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions anddata presented are not necessarily indicative of future events or expected performance.PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investmentadvisory services. U.S. Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S.

Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc. Theinformation contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.For more information regarding PFMAM's services or entities, please visit www.pfmam.com.Further distribution is not permitted without prior written consent. 25 39
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Appendix
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer tobuy or sell any fund or other security. Investors should consider the Trust’s investment objectives, risks, charges and expenses before investing in the Trust. Thisand other information about the Trust is available in the Trust’s current Information Statement, which should be read carefully before investing. A copy of the Trust’sInformation Statement may be obtained by calling 1-800-729-7665 or is available on the Trust’s website at www.camponline.com. While the Cash Reserve Portfolioseeks to maintain a stable net asset value of $1.00 per share and the CAMP Term Portfolio seeks to achieve a net asset value of $1.00 per share at the statedmaturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation orany other government agency. Shares of the Trust are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorpand affiliate of U.S. Bank N.A.Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may bedifferences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local governmentinvestment program is contained in the appropriate fund offering documentation or information statement.

In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.

Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.

ICE Bank of America Indices provided by Bloomberg Financial Markets.Money market fund/cash balances are included in performance and duration computations.Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.MBS maturities are represented by expected average life. 26 40
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Appendix
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.Agencies: Federal agency securities and/or Government-sponsored enterprises.Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.

Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.

Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector addedor subtracted from the overall portfolio performance.Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compoundingon investment returns, while nominal yield does not.FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.Interest Rate: Interest per year divided by principal amount and expressed as a percentage.Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.Maturity: The date upon which the principal or stated value of an investment becomes due and payable.Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.Par Value: The nominal dollar face amount of a security.Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is themortgage-backed security. 27 41
PFM Asset Management | pfmam.com
City of Oakley
For the Quarter Ended September 30, 2025
Appendix
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments andmaturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whosedecisions are binding on its members.Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.U.S. Treasury: The department of the U.S. government that issues Treasury securities.Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.

YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time periodfrom purchase date to maturity, stated as a percentage on an annualized basis.YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the timeperiod remaining until maturity, stated as a percentage on an annualized basis. 28 42
Type* Name of Institution Rate Maturity**** Cost Amount Market Value** Investments in Wells Fargo Bank Account
- Commercial Checking Acct Public Funds 0.000% 9/30/2025 $ 7,853,781.53 $ 7,853,781.53 Investments with Wells Fargo Investment Advisors:
9 Institutional Money Market 0.182% N/A 1,959,571.75 1,959,571.75 Investments with State of California:
3 Local Agency Investment Fund (LAIF)-City 4.340% N/A 20,503,251.86 20,542,814.55 Investments with CalTRUST
11 Short-Term Investment Account-City 0.364% N/A 314,753.36 314,753.36 Investments with CAMP
13 Short-Term Investment Account-City 4.360% N/A 42,355,616.09 42,355,616.09 Total Investments Other than Bond Proceeds 72,986,974.59 73,026,537.27 Investments with Wells Fargo Trust (bond proceeds): *** 2021 Refunding Revenue Bonds
9 Government Money Market
Wells Fargo Advantage Gov MM Svc 1.400% N/A 141,817.41 141,817.41 2014 Refunding Revenue Bonds
9 Government Money Market
Wells Fargo Advantage Gov MM Svc 1.310% N/A 400,066.42 400,066.42 Investments with USBank Trust (bond proceeds): ***
2016 Lease Revenue Bonds
9 Government Money Market
USBank - First American Government Obligation 0.000% N/A 0.54 0.54 Total Investments of Bond Proceeds 541,884.37 541,884.37 Managed Investments with PFM (Detail Attached)
CAMP POOL See Detail 1,268,592.43 1,268,592.43
Managed Investments See Detail 30,446,440.95 31,004,742.13 Total Managed Investments 31,715,033.38 32,273,334.56
Total All City Investments $ 105,243,892.34 $ 105,841,756.20 Accrued Interest of Investments other than Bond Proceeds:

Wells Fargo Investment Advisors 3,559.44
Local Agency Investment Fund 224,031.17
CalTRUST 1,146.05
PFM (Asset Management& CAMP) 380,931.28
Accrued Interest as of 09/30/25 $ 609,667.94
* Type of investment as described in Authorized Investments section of the City's adopted Investment Policy

1. U.S Government Securities 5. Bankers Acceptance 9. Money market funds

2. U.S. Government Agency Securities 6. Commercial Paper 10. Repurchase agreements

3. Local Agency Investment Fund 7. Medium term notes 11. CalTRUST Short Term Account

4. Certificates of Deposit 8. Mutual funds 12. Overnight Sweep

13. CAMP Joint Powers Authority
** Market Valuation for LAIF was obtained at https://www.treasurer.ca.gov/pmia-laif/mktvalue/2025/202509.pdf Market value for all other investments was obtained from FT Interactive Data. As the City holds its investments to maturity, market value fluctuations are not significant.
*** Investment of bond proceeds is governed by each bond's Trust Agreement. All of the amounts with Wells Fargo Trust are debt service reserve funds. Investment income remains with the individual bond accounts. **** With the exception of CDs and managed investments, except for the CAMP POOL, all accounts have same day or next-day liquidity Approved by Jeri Tejeda Date
Admoinsitrsative Service Director
Quarterly Investment Report
For the Quarter Ended September 30, 2025
The City of Oakley is in compliance with the City’s annually adopted investment policy and is able to meet its operating expenditure requirements for the next six months.
10/31/2025
43 STAFF REPORT
1 City of Oakley | 3231 Main Street, Oakley, CA 94561
O (925) 625-7000 | F (925) 625-9859 | www.ci.oakley.ca.us DATE: November 10, 2025
TO: Joshua McMurray, City Manager
FROM: Jeri Tejeda, Administrative Service Director
SUBJECT: City of Oakley as Successor Agency to the Oakley Redevelopment Agency – Quarterly Investment Report (1st Quarter FY 25/26) Background and Analysis
California law and the City’s Investment Policy require the Agency’s fiscal officer to submit a quarterly investment report to the Agency’s governing board. The report should contain information on all securities held and include a statement denoting the ability of the local agency to meet its expenditure requirements for the next six months.

Fiscal Impact
The Investment Report for the Period Ending September 30, 2025, attached shows a balance of $5,564.01 in cash for operations before the City receives the next distribution from the Department of Finance requested with the ROPS. To increase annual cash flow savings of refunding bonds, cash reserves were applied to bond insurance with Build America Mutual (BAM). The Reserve Requirements are satisfied in face amounts of $571,000.00 for 2015 Bonds and $1,827,318.76 for 2018 Bonds.

The Agency is in compliance with the City’s annually adopted investment policy. The tax revenues distributed to the Agency is sufficient to make the Agency’s enforceable obligation payments as approved by the Department of Finance.

Staff Recommendation
Staff recommends the City Council, as the Board of the Successor Agency, accept the investment report for the 1st Quarter of Fiscal Year 25/26.

Attachments

1. City of Oakley as Successor Agency to the Redevelopment Agency Investment Report for the quarter ended September 30, 2025.

Approved and
Forwarded to the
City Council
44 .

Type* Name of Institution Rate Maturity*** Cost Amount Market Value Investments in Wells Fargo Bank Account
Successor Agency Checking 0.640% N/A $ 5,564.01 $ 5,564.01 Total Investments Other than Bond Proceeds 5,564.01 5,564.01 Investments with US Bank Trust (bond proceeds): **
20015 A&B Tax Allocation Refunding Bonds - -
2018 Tax Allocation Refunding Bonds - -
Total Investments of Bond Proceeds - -
Total Agency Investments $ 5,564.01 $ 5,564.01
* Type of investment as described in Authorized Investments section of the City's adopted Investment Policy

1. U.S Government Securities 5. Bankers Acceptance 9. Money market funds

2. U.S. Government Agency Securities 6. Commercial Paper 10. Repurchase agreements

3. Local Agency Investment Fund 7. Medium term notes 11. CalTRUST Short Term Account

4. Certificates of Deposit 8. Mutual funds 12. Overnight Sweep ** Investment of bond proceeds is governed by each bond's Trust Agreement. Reserve Requirements are satisfied by BAM surety policy in face amounts equal to $571,000 for 2015 Bonds and $1,827,318.76 for 2018 Bonds. *** All Successor Agency accounts have same day or next day liquidity Approved by Jeri Tejeda Date
Adminstrative Services Director
City of Oakley as Successor Agency to the
Oakley Redevelopment Agency
Quarterly Investment Report
For the Quarter Ended September 30, 2025
The City of Oakley, as Successor Agency to the Oakley Redevelopment Agency, is in compliance with the City’s annually adopted investment policy.
10/31/2025
45 STAFF REPORT
1 City of Oakley | 3231 Main Street, Oakley, CA 94561
O (925) 625-7000 | F (925) 625-9859 | www.ci.oakley.ca.us DATE: November 12, 2025
TO: Joshua McMurray, City Manager
FROM: Kevin Rohani, P.E., Public Works Director/City Engineer SUBJECT: Adopt two Resolutions approving a Subdivision Improvement Agreement and Final Map for Summer Lake North (Phase 1) Village 6 Subdivision 9621 located at the northeast corner of East Cypress Road and Lake Tahoe Drive (Large Lot 6 of Subdivision 9307)
Background and Analysis
On October 25, 2011, the City Council approved the Summer Lake North Subdivision 9307 (TM 01-11) Vesting Tentative Map Subdividing 409 acres into 824 residential lots, a 70-acre man-made lake, open space, parks, a commercial area, and other associated improvements, including construction of levee improvements.

On April 23, 2021, the Community Development Director prepared a letter of substantial conformance letter stating that the updated Vesting Tentative Map presented to the city is in substantial conformance to the originally approved Vesting Tentative Map.

On October 31, 2022, DeNova Homes LLC filed an application requesting Design Review approval for the Summer Lake North Subdivision. Plans consist of floor plans, architectural elevations, colors and materials schemes, and village preliminary development plans for 817 new single-family residential three architectural types preselected from five architectural types used throughout the entire subdivision (Spanish, Tusca, Farmhouse, Traditional, and Prairie). Livable area of the homes is between 1,927 sf and 3,479 sf. The site is in Summer Lake North Subdivision 9307 located east of Bethel Island Road and north of East Cyress Road. The site is zoned SP-1 (East Cypress Corridor Specific Plan) District.

On March 7, 2023, Resolution 5-23, the Planning Commission made findings and approved the Summer Lake North Design Review (DR 09-22) within the Summer Lake North Subdivision 9307.

On February 27, 2024, Resolution 19-24 and 20-24, the City Council approved the large lot Final Map and Subdivision Improvement Agreement of Subdivision 9307 Summer Lake North, which subdivided the property carving out the various parcels for the park, lake, pump station, sewer lift station, levee, backbone roadway infrastructure, and parcels for future villages within this master planned community.

Approved and
Forwarded to the
City Council
46 STAFF REPORT
City of Oakley | 3231 Main Street, Oakley, CA 94561 2
O (925) 625-7000 | F (925) 625-9859 | www.ci.oakley.ca.us Civic Summer Lake North, LLC, is now requesting approval for the City Council to execute the Subdivision Improvement Agreement and approve the final map for Subdivision 9621 Summer Lake North (Phase 1) Village 6. In order to satisfy all remaining conditions of approval, a Subdivision Improvement Agreement must be approved with the recordation of the final map.

The City Engineer and City Surveyor have reviewed the tentative map approval documents and the final map, and have found the map to be technically correct, in substantial compliance with the conditionally approved tentative map, development agreement, and all final map conditions of approval have been met (or are being secured by way of this agreement).

Consistency with the Oakley Strategic Plan 27+
This item is consistent with the Strategic Plan 27+ Community Health and Safety goals to build safe streets and healthy neighborhoods.

Fiscal Impact
There is no fiscal impact associated with this action as all the work is being performed by the Developer.

Staff Recommendation
Staff recommend that the City Council adopt the Resolutions to execute the Subdivision Improvement Agreement and approve the Final Map for Subdivision 9621 Summer Lake North (Phase 1) Village 6.

Attachments
Attachment 1. Vicinity Map
Attachment 2. Resolution Approving the Final Map
Attachment 3. Resolution Approving the Subdivision Improvement Agreement Attachment 4. Subdivision Improvement Agreement (SIA)
Exhibit A – City Council Resolution No. 116-11 & Substantial Conformance Letter
Exhibit B – Engineer’s Estimate
Exhibit C – Insurance Requirements
Exhibit D – Verification of Required Insurance
Attachment 5. Reduction of Subdivision 9621 Summer Lake North (Phase 1) Village 6 Final Map
47 Vicinity Map
Subdivision 9621
Summer Lake North - Village 6
Bethel Island Rd
E Cypress Rd
Bethel Island Rd
Aspen Rd
E Cypress Rd
Sandmound Blvd
Clear
Lake Dr
Talaria Dr
Summer Lake
Dr
Manresa Park
Summerlake
Park
Tranquility
Bay Rd
1 3
4 8
13 7
5 9
10 11
12 Esri C
¯
2 6
48 RESOLUTION NO. XX-25

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OAKLEY
APPROVING THE FINAL MAP FOR SUMMER LAKE NORTH (PHASE 1) VILLAGE 6 SUBDIVISION 9621
WHEREAS, On February 27, 2024, Resolution 19-24 and 20-24, the City Council approved the Final Map and Subdivision Improvement Agreement of Subdivision 9307 Summer Lake North Subdivision; and,
WHEREAS, Subdivision 9621 is Village 6 within Phase 1 of the master planned community of Summer Lake North; and,
WHEREAS, Civic Summer Lake North, LLC, has satisfied the necessary conditions of approval for Subdivision 9621 Summer Lake North (Phase 1) Village 6 Subdivision, as approved by the City Council on October 25, 2011, Resolution Number 116-11; and,
WHEREAS, the City Engineer has determined that the conditions of approval required prior to final map approval for Subdivision 9621 Summer Lake North (Phase 1) Village 6 have been satisfied; and
WHEREAS, the City Surveyor has determined that the final map attached herein is technically correct.

BE IT RESOLVED by the City Council of the City of Oakley that the final map labeled “Subdivision 9621 Summer Lake North Village 6”, as prepared by Carlson, Barbee, & Gibson, Inc. is hereby approved.

PASSED AND ADOPTED by the City Council of the City of Oakley on this 12th day of November 2025 by the following vote:

AYES:

NOES:

ABSTENTIONS:

ABSENT:

APPROVED:
_________________________
Shannon Shaw, Mayor
ATTEST:
_______________________
Kim Snodgrass, City Clerk Date
49 RESOLUTION NO. XX-25

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OAKLEY APPROVING

THE SUBDIVISION IMPROVEMENT AGREEMENT WITH CIVIC SUMMER LAKE NORTH, LLC, FOR SUBDIVISION 9621 SUMMER LAKE NORTH (PHASE 1) VILLAGE 6 AND AUTHORIZING THE CITY MANAGER TO SIGN THE AGREEMENT WHEREAS, the City Council of the City of Oakley, California wishes to enter into a Subdivision Improvement Agreement with Civic Summer Lake North, LLC, for the development of a residential subdivision known as Subdivision 9621 Summer Lake North (Phase 1) Village 6; and,
WHEREAS, this agreement will require the developer to complete $633,000 for the Public Improvements in accordance with the project conditions of approval and City standard construction design.

BE IT RESOLVED by the City Council of the City of Oakley that the Subdivision Improvement Agreement with Civic Summer Lake North, LLC, is hereby approved and the City Manager is hereby authorized to execute the Subdivision Improvement Agreement for the development of Subdivision 9621 Summer Lake North (Phase 1) Village 6 in the form attached is made part of this resolution.

PASSED AND ADOPTED by the City Council of the City of Oakley on this 12 th day of
November 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTENTIONS:

APPROVED:
____________________
Shannon Shaw, Mayor
ATTEST:
_______________________ _____________________
Kim Snodgrass, City Clerk Date
50 51
52 53
54 55
56 57
58 59
60 61
62 63
64 65
66 67
68 69
1 SUBDIVISION 9621
CONSISTING OF 8 SHEETS
BEING A SUBDIVISION OF LOT 6, AS SHOWN ON
SUBDIVISION 9307, SUMMER LAKE NORTH
FILED IN BOOK 555 OF MAPS AT PAGE 34 THROUGH 54,

CONTRA COSTA COUNTY RECORDS

CITY OAKLEY, CONTRA COSTA COUNTY, CALIFORNIA
FEBRUARY 2025

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

ROSEVILLE
(925) 866-0322
(916)788-4456
SUMMER LAKE NORTH - VILLAGE 6
JOB NO. 1292-106 SHEET OF 8

OWNER'S STATEMENT

OWNER'S ACKNOWLEDGMENT

COUNTY RECORDER'S STATEMENT

OWNER'S ACKNOWLEDGMENT

PROJECT
SITE

VICINITY MAP

CLERK OF THE BOARD OF SUPERVISORS '

STATEMENT

PRELIMINARY
70 2
SUBDIVISION 9621
CONSISTING OF 8 SHEETS
BEING A SUBDIVISION OF LOT 6, AS SHOWN ON
SUBDIVISION 9307, SUMMER LAKE NORTH
FILED IN BOOK 555 OF MAPS AT PAGE 34 THROUGH 54,

CONTRA COSTA COUNTY RECORDS

CITY OAKLEY, CONTRA COSTA COUNTY, CALIFORNIA
FEBRUARY 2025

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

ROSEVILLE
(925) 866-0322
(916)788-4456
SUMMER LAKE NORTH - VILLAGE 6
JOB NO. 1292-106 SHEET OF 8

PRELIMINARY

CITY ENGINEER'S STATEMENT

CITY CLERK'S STATEMENT

CITY COUNCIL STATEMENT

CERTIFICATE OF DEDICATION FOR SAME

PUBLIC PURPOSE

CITY SURVEYOR'S STATEMENT

PRELIMINARY

SURVEYOR'S STATEMENT SOILS REPORT
SIGNATURE OMISSIONS:
71 E. CYPRESS ROAD
LOT 6 LAKE TAHOE
DRIVE

MENDOCINO WAY
3 100'

GRAPHIC SCALE
100' 0' 50' 100' 200' 400'

PRELIMINARY
SUBDIVISION 9621
SCALE: 1" =
CONSISTING OF 8 SHEETS
BEING A SUBDIVISION OF LOT 6, AS SHOWN ON
SUBDIVISION 9307, SUMMER LAKE NORTH
FILED IN BOOK 555 OF MAPS AT PAGE 34 THROUGH 54,

CONTRA COSTA COUNTY RECORDS

CITY OAKLEY, CONTRA COSTA COUNTY, CALIFORNIA
FEBRUARY 2025

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

ROSEVILLE
(925) 866-0322
(916)788-4456
SUMMER LAKE NORTH - VILLAGE 6
JOB NO. 1292-106 SHEET OF 8
BASIS OF BEARINGS:

LEGEND
REFERENCES:

NOTE:

EASEMENT NOTE:
72 5
552
555
522
505
553
551
550
531
529
530
533
532
528
526 525 524 523
527
515
521 520 519 518 517
512
516
513
510
511
554
563
567
558
566
565
556
561
560
564
557
562
559
502
503
508
501
504
509
506
507

DEL VALLE STREET

MANZANITA CIRCLE

GRIZZLY STREET

FALLEN LEAF LANE
6 7
8 LAKE TAHOE DRIVE
534
535
536
537
514
E. CYPRESS ROAD

MANZANITA CIRCLE

MANZANITA CIRCLE

GRIZZLY STREET

MENDOCINO WAY
LEGEND
JOB NO. 1292-106 SHEET OF 8 4
1 GRAPHIC SCALE
100' 0' 50' 100' 200' 400'

PRELIMINARY
SUBDIVISION 9621
SCALE: 1" =
CONSISTING OF 8 SHEETS
BEING A SUBDIVISION OF LOT 6, AS SHOWN ON
SUBDIVISION 9307, SUMMER LAKE NORTH
FILED IN BOOK 555 OF MAPS AT PAGE 34 THROUGH 54,

CONTRA COSTA COUNTY RECORDS

CITY OAKLEY, CONTRA COSTA COUNTY, CALIFORNIA
FEBRUARY 2025

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

ROSEVILLE
(925) 866-0322
(916)788-4456
SUMMER LAKE NORTH - VILLAGE 6
BASIS OF BEARINGS:

REFERENCES:
100'
73 531
529
533
532
528 526
527
530

FALLEN LEAF LANE

DEL VALLE STREET
534
535
536
537

MENDOCINO
WAY

LAKE TAHOE DRIVE
JOB NO. 1292-106 SHEET OF 8 5
40'

GRAPHIC SCALE
40' 0' 20' 40' 80' 160'

PRELIMINARY
SUBDIVISION 9621
SCALE: 1" =
CONSISTING OF 8 SHEETS
BEING A SUBDIVISION OF LOT 6, AS SHOWN ON
SUBDIVISION 9307, SUMMER LAKE NORTH
FILED IN BOOK 555 OF MAPS AT PAGE 34 THROUGH 54,

CONTRA COSTA COUNTY RECORDS

CITY OAKLEY, CONTRA COSTA COUNTY, CALIFORNIA
FEBRUARY 2025

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

ROSEVILLE
(925) 866-0322
(916)788-4456
SUMMER LAKE NORTH - VILLAGE 6
BASIS OF BEARINGS:

LEGEND
REFERENCES: SEE SHEET 6
NOTE:
74 SEE SHEET 7
552
553
551
550
554 555
567 566 565
556
525 524 523 522 521 520 519

MANZANITA CIRCLE
DEL VALLE STREET SEE SHEET 5 MANZANITA CIRCLE
JOB NO. 1292-106 SHEET OF 8 6
40'

GRAPHIC SCALE
40' 0' 20' 40' 80' 160'

PRELIMINARY
SUBDIVISION 9621
SCALE: 1" =
CONSISTING OF 8 SHEETS
BEING A SUBDIVISION OF LOT 6, AS SHOWN ON
SUBDIVISION 9307, SUMMER LAKE NORTH
FILED IN BOOK 555 OF MAPS AT PAGE 34 THROUGH 54,

CONTRA COSTA COUNTY RECORDS

CITY OAKLEY, CONTRA COSTA COUNTY, CALIFORNIA
FEBRUARY 2025

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

ROSEVILLE
(925) 866-0322
(916)788-4456
SUMMER LAKE NORTH - VILLAGE 6
BASIS OF BEARINGS:

LEGEND
REFERENCES:

NOTE:
75 SEE SHEET 6
505
517 516 515
563
558
561
560
562
559
502
503
501
504
506
507

DEL VALLE STREET
SEE SHEET 8

MANZANITA CIRCLE
518
564
557 MANZANITA CIRCLE GRIZZLY STREET
JOB NO. 1292-106 SHEET OF 8 7
40'

GRAPHIC SCALE
40' 0' 20' 40' 80' 160'

PRELIMINARY
SUBDIVISION 9621
SCALE: 1" =
CONSISTING OF 8 SHEETS
BEING A SUBDIVISION OF LOT 6, AS SHOWN ON
SUBDIVISION 9307, SUMMER LAKE NORTH
FILED IN BOOK 555 OF MAPS AT PAGE 34 THROUGH 54,

CONTRA COSTA COUNTY RECORDS

CITY OAKLEY, CONTRA COSTA COUNTY, CALIFORNIA
FEBRUARY 2025

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

ROSEVILLE
(925) 866-0322
(916)788-4456
SUMMER LAKE NORTH - VILLAGE 6
BASIS OF BEARINGS:

LEGEND
REFERENCES:

NOTE:
76 SEE SHEET 7 GRIZZLY STREET
512
513
511 510
508
509
514

E CYPRESS ROAD

GRIZZLY STREET
JOB NO. 1292-106 SHEET OF 8 8
40'

GRAPHIC SCALE
40' 0' 20' 40' 80' 160'

PRELIMINARY
SUBDIVISION 9621
SCALE: 1" =
CONSISTING OF 8 SHEETS
BEING A SUBDIVISION OF LOT 6, AS SHOWN ON
SUBDIVISION 9307, SUMMER LAKE NORTH
FILED IN BOOK 555 OF MAPS AT PAGE 34 THROUGH 54,

CONTRA COSTA COUNTY RECORDS

CITY OAKLEY, CONTRA COSTA COUNTY, CALIFORNIA
FEBRUARY 2025

CIVIL ENGINEERS SURVEYORS PLANNERS

SAN RAMON
WWW.CBANDG.COM

ROSEVILLE
(925) 866-0322
(916)788-4456
SUMMER LAKE NORTH - VILLAGE 6
BASIS OF BEARINGS:

LEGEND
REFERENCES:

NOTE:
77 STAFF REPORT
1 City of Oakley | 3231 Main Street, Oakley, CA 94561
O (925) 625-7000 | F (925) 625-9859 | www.ci.oakley.ca.us DATE: November 12, 2025
TO: Joshua McMurray, City Manager
FROM: Kevin Rohani, P.E., Public Works Director & City Engineer SUBJECT: Adopt a Resolution accepting the work associated with Capital Improvement Project Number 280 – Laurel Road Widening (Cloverbrook Avenue to O'Hara Avenue) Project
The City’s Capital Improvement Program includes this project to widen Laurel Road from Cloverbrook Avenue to O’Hara Avenue. This was the last segment of Laurel Road to be widened between Highway 4 and Main Street. This section of Laurel Road became congested, especially during rush hour times. Also included with this project is the widening of the east side of O’Hara Avenue approximately 750 feet south of the Laurel Road and O’Hara Avenue intersection. The construction of this project also complements the new Safeway Shopping Center that is constructed at the Laurel Road/O’Hara Avenue intersection.

On July 9, 2024, the City Council awarded a contract to R&R Pacific Construction, Inc. for the construction of the Laurel Road Widening (Cloverbrook Avenue to O'Hara Avenue) Project, and the work has now been completed successfully.

With the successful completion of construction, this project brings much-needed improvement to Laurel Road and will benefit the community by providing a safer intersection at O’Hara Avenue, as well as improving traffic flows along O’Hara Avenue. The new sidewalks, bicycle lanes and traffic signal will provide a safe and direct access to the new Safeway Shopping Center, which will be major destination in Oakley.

Consistency with the Oakley Strategic Plan 27+
The acceptance of this project is consistent with the Oakley Strategic Plan under the Community Health and Safety Goal to provide safe streets in Oakley.

Fiscal Impact
This project had a total budget of $9,227,000 which included design and construction. The project was successfully completed under the authorized budget of approximately $8,650,000. This project is funded by the Gas Tax RMRA fund, TIF fund, Street Maintenance and Rehab fund, 2014 Bond and the 2012 Bond benefit fund. Landscape Maintenance is funded by the City’s Lighting & Landscape Assessment Districts.

Approved and
Forwarded to the
City Council
78 STAFF REPORT
City of Oakley | 3231 Main Street, Oakley, CA 94561 2
O (925) 625-7000 | F (925) 625-9859 | www.ci.oakley.ca.us Staff Recommendation
Staff recommends that the City Council Adopt the Resolution accepting Capital Improvement Project Number 280 – Laurel Road Widening (Cloverbrook Avenue to O'Hara Avenue) Project as constructed by R&R Pacific Construction, Inc. to be complete, and to direct the City Clerk to file a Notice of Completion for the project with the County Recorder.

Attachments
1) Resolution
2) Notice of completion
79 Resolution No. __-25 Page 1
RESOLUTION NO. __-25

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OAKLEY ACCEPTING AS

COMPLETE THE WORK ASSOCIATED WITH CAPITAL IMPROVEMENT PROJECT NUMBER 280 – LAUREL ROAD WIDENING (CLOVERBROOK AVENUE TO O'HARA

AVENUE) PROJECT
WHEREAS, the design team prepared plans, special provisions, and bid documents related to CIP Project No. 280 - Laurel Road Widening (Cloverbrook Avenue to O'Hara Avenue) Project; and
WHEREAS, on July 9, 2024, by adopting Resolution Number 104-24, the City Council awarded a construction contract to R&R Pacific Construction, Inc., for the construction of CIP No. 280 – Laurel Road Widening (Cloverbrook Avenue to O'Hara Avenue) Project; and
WHEREAS, this project had a total budget of $9,227,000 which included design and construction. The project was successfully completed under the authorized budget of approximately $8,650,000. This project is funded by the Gas Tax RMRA fund, TIF fund, Street Maintenance and Rehab fund, 2014 Bond and the 2012 Bond benefit fund.

WHEREAS, R&R Pacific Construction, Inc., has now satisfied the contractual requirements necessary for the acceptance of CIP No. 280 to be deemed complete.

NOW, THEREFORE, BE IT RESOLVED AND ORDERED, by the City Council of the City of Oakley that CIP Project No. 280 – Laurel Road Widening (Cloverbrook Avenue to O'Hara Avenue) Project is hereby accepted as complete and will begin the one-year warranty period. The City will start landscape maintenance on February 1, 2026, once the landscape establishment period is complete.

BE IT FURTHER RESOLVED AND ORDERED that the City Clerk is hereby directed to file a Notice of Completion for CIP No. 280 with the County Recorder.

PASSED AND ADOPTED by the City Council of the City of Oakley at a meeting held on the 12th of November 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTENTIONS:

APPROVED:
_______________________
Shannon Shaw, Mayor
80 Resolution No. __-25 Page 2
ATTEST:
_______________________ _______________________
Kim Snodgrass, City Clerk Date
81 WHEN RECORDED MAIL TO:

City Clerk
City Of Oakley
3231 Main Street
Oakley, CA 94561
RECORDING REQUESTED BY:

City Of Oakley
3231 Main Street
Oakley, CA 94561
SPACE ABOVE THIS LINE RESERVED FOR RECORDER’S USE

NOTICE OF COMPLETION
Capital Improvement Project Number 280 - Laurel Road Widening (Cloverbrook Avenue to O'Hara Avenue) Project
NOTICE IS HEREBY GIVEN THAT:

The CITY OF OAKLEY, a political subdivision of the State of California, did, on July 9, 2024, enter into an agreement with R&R Pacific Construction, Inc. for the construction of Capital Improvement Program Project Number 280 – Laurel Road Widening (Cloverbrook Avenue to O'Hara Avenue) Project located at the intersection of Laurel Road and O’Hara Avenue within the City of Oakley limits.

The Owner’s nature of interest or estate in the property described below is in fee.

The work described in the contract documents was to furnish all material, labor, and equipment necessary to complete Capital Improvement Project Number 280 – Laurel Road Widening (Cloverbrook Avenue to O'Hara Avenue) Project On November 12, 2025, said contract, as a whole was completed and the work was accepted by the City Council of the City of Oakley. ________________________________________________________________

VERIFICATION
I have read the foregoing NOTICE OF COMPLETION and know the contents thereof; the same is true of my knowledge. I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct, and that this declaration was executed on this 12h day of November 2025 at Oakley, California.

PURSUANT TO GOVERNMENT
CODE §6103 NO FEE IS REQUIRED

FOR THE RECORDATION OF THIS

DOCUMENT
82 Date: ______________ By:

Kim Snodgrass, City Clerk
City of Oakley, California
83 STAFF REPORT
1 City of Oakley | 3231 Main Street, Oakley, CA 94561
O (925) 625-7000 | F (925) 625-9859 | www.ci.oakley.ca.us DATE: November 12, 2025
TO: Joshua McMurray, City Manager
FROM: Kevin Rohani, P.E. Public Works Director/City Engineer SUBJECT: Adopt a Resolution Accepting the Frontage Improvements associated with Capital Improvement Project Number 334 for East Cypress Road Widening Project related to the Machado Subdivision 9615 Frontage Improvements
Background and Analysis
On November 23, 2021, MLC Holdings filed an application to request approval of a Vesting Tentative Map (TM 03-21) subdividing approximately 20.11 acres into 76 single family residential lots. The development includes frontage improvements on East Cypress Road, frontage improvements of Machado Lane, improvement of a pocket park with a playground, a stormwater detention treatment area, and emergency vehicle access. This subdivision is located at the southwest corner of Machado Lane and East Cypress Road.

On February 7, 2023, Resolution 04-23, the Planning Commission approved the recommendation for the City Council to approve the Vesting Tentative Map for this development.

On June 13, 2023, Resolution 66-23, the City Council made findings and adopted a mitigated negative declaration for the project known as Machado Property Subdivision 9615 including approval of the entitlements for a Vesting Tentative Map (TM 03-21), Final Development Plan (FDP 01-21), and Design Review (DR 10-21). Condition of Approval number 62a required the developer to design and construct the ultimate roadway improvements of East Cypress Road between 800 feet east of Rubens Way to Machado Lane.

On April 9, 2024, Resolution 46-24 and 47-24, the City Council adopted a resolution approving the Final Map and Subdivision Improvement Agreement for Machado Property Subdivision 9615 which includes the frontage of improvements of East Cypress Road.

On June 10, 2025, Resolution 64-25, the City Council approved a Reimbursement Agreement with Meritage Homes of California, Inc, for the East Cypress Road Widening from 800 feet east of Rubens Way to Machado Lane Project related to the Machado Subdivision 9615 frontage improvements.

Approved and
Forwarded to the
City Council
84 STAFF REPORT
CITY HALL | 3231 Main Street, Oakley, CA 94561 2
O (925) 625-7000 | F (925) 625-9859 | www.CI.Oakley.CA.US The City of Oakley Public Works and Engineering staff have inspected the frontage improvements and have determined the Developer has since completed all of the required improvements for East Cypress Road per the approved improvement plans for the improvements subject to the Reimbursement Agreement. CIP 334 was budgeted to account for the reimbursement of these improvements.

At this time, the Developer has requested that the City accept the roadway improvements for maintenance and reimburse them for the widening that they have constructed beyond the obligation of the development. The Public Works and Engineering staff have completed a final inspection of all public roadway improvements and have found them to be in substantial compliance with the approved improvement plans.

Consistency with the Oakley Strategic Plan 27+
This item is consistent with the Strategic Plan 27+ Community Health and Safety goals under Community Health and Safety Goal to build safe streets and healthy neighborhoods.

Fiscal Impact
Upon acceptance of the improvements, the City will reimburse $546,545.88 to Meritage Homes of California, Inc., for the construction of the City’s portion of the East Cypress Road widening, consistent with the approved Reimbursement Agreement.

The City will also begin the maintenance of the public roadway infrastructure listed in the itemized costs of improvements. The Landscape improvements along East Cypress Road will be accepted at a later time when the subdivision improvements are accepted.

Staff Recommendation
Staff recommends that the City Council adopt the Resolution accepting the frontage improvements associated with the Machado Property Subdivision 9615 and for the City to begin the maintenance of the public roadway infrastructure along East Cypress Road.

Attachments
Attachment 1. Vicinity Map
Attachment 2. Resolution
85 VICINITY MAP
East Cypress Road Widening 800’ east
of Rubens Way to Machado Lane
86 Resolution No. XX-25 Page 1 of 2
RESOLUTION NO. XX-25

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OAKLEY ACCEPTING

THE FRONTAGE IMPROVEMENTS ASSOCIATED WITH CAPITAL IMPROVEMENT PROJECT NUMBER 334 FOR EAST CYPRESS ROAD WIDENING PROJECT RELATED TO THE MACHADO SUBDIVISION 9615 FRONTAGE IMPROVEMENTS WHEREAS, On June 13, 2023, Resolution 66-23, the City Council made findings and adopted a mitigated negative declaration for the project known as Machado Property Subdivision 9615 including approval of the entitlements for a Vesting Tentative Map (TM 03-21), Final Development Plan (FDP 01-21), and Design Review (DR 10-21). Condition of Approval number 62a required the developer to design and construct the ultimate roadway improvements of East Cypress Road between 800 feet east of Rubens Way to Machado Lane; and,
WHEREAS, On April 9, 2024, Resolution 46-24 and 47-24, the City Council adopted a resolution approving the Final Map and Subdivision Improvement Agreement for Machado Property Subdivision 9615 which includes the frontage of improvements of East Cypress Road.

WHEREAS, On June 10, 2025, Resolution 64-25, the City Council approved a Reimbursement Agreement with Meritage Homes of California, Inc, for the East Cypress Road Widening from 800 feet east of Rubens Way to Machado Lane Project related to the Machado Subdivision 9615 frontage improvement; and, WHEREAS, The City of Oakley Public Works and Engineering staff have inspected the frontage improvements and have determined the Developer has since completed all of the required improvements for East Cypress Road per the conditions of approval and approved improvement plans subject to the Reimbursement Agreement.

WHEREAS, staff recommends that the City Council adopt the Resolution accepting the subdivision improvements associated with the Machado Property Subdivision frontage improvements and for the City to begin the maintenance of the public infrastructure for this subdivision;
NOW, THEREFORE, BE IT RESOLVED AND ORDERED, by the City Council of the City of Oakley as follows:
a) Accept the offer of dedication for the 50-foot-wide public right of way along East Cyress Road for roadway purposes dedicated on the Parcel Map for Minor Subdivision 24-85 Book 121, Page 48 and as referenced in the recorded map Subdivision Machado Property (9615) in Map Book 556, Page 21; and, 87 Resolution No. XX-25 Page 2 of 2
b) Accept the roadway widening improvements for East Cypress Road and begin the roadway maintenance. Landscape improvements will be accepted at a later time once the subdivision improvements are completed; and,
c) Reimburse Meritage Homes Inc. $546,545.88 as budgeted for CIP 334 for the East Cypress Widening Project; and,
PASSED AND ADOPTED by the City Council of the City of Oakley on this 12th day of November 2025 by the following vote.

AYES:

NOES:

ABSTENTION:

ABSENT:

APPROVED:
___________________
Shannon Shaw, Mayor
ATTEST:
____________________ ________
Kim Snodgrass, City Clerk Date
88 STAFF REPORT
1 City of Oakley | 3231 Main Street, Oakley, CA 94561
O (925) 625-7000 | F (925) 625-9859 | www.oakleyca.gov
DATE: November 12, 2025
TO: Joshua McMurray, City Manager
FROM: Danielle Navarro, Assistant City Manager
SUBJECT: Adopt a Resolution Authorizing the Designation of Applicant’s Agent Resolution for Non-State Agencies and Directing Staff to File the Form with the California Governor’s Office of Emergency Services (Cal OES) Background and Analysis
The Robert T. Stafford Disaster Relief and Emergency Assistance Act., P.L. 93-288, as amended, 42 U.S.C. 5121 et seq., and Related Authorities as of April 2013, provides Federal financial assistance for Individual and/or Public Assistance after a Federal Major Disaster or Emergency Declaration is proclaimed. Public Assistance can include response, recovery, and mitigation after an Emergency or Major Disaster Declaration.

Individual Assistance can include recovery and/or mitigation after a Major Disaster Declaration is proclaimed.

The State of California Governor’s Office of Emergency Services (Cal OES) requires designation of specific staff to act on behalf of the City of Oakley to request federal financial assistance under the Robert T. Staff Disaster Relief and Emergency Assistance Act and Related Authorities and/or State financial assistance under the California Disaster Assistance Act (CDAA) in the case of a disaster. Adoption of Cal OES’s Designation of Applicant’s Agent Resolution for Non-State Agencies (Form 130) designating the City Manager, Administrative Services Director, and Finance Manager meets this requirement. The City does not have a Form 130 on file with CalOES. Adopting and filing Form 130 (Universal option) will allow the City to process federal funding in the form of grants and/or disaster reimbursement for a period of three years. After that date, a new resolution will need to be adopted, reconfirming or changing the designations, and be refiled with the State of California.

Should the City Council not make the designations, the City of Oakley could file a Disaster Proclamation with the State of California and would still be able to apply for federal funding assistance in the case of a disaster; however, the funds would not be awarded until a Form 130 specific to that disaster is filed with the Governor’s Office of Emergency Services.

Consistency with the Oakley Strategic Plan 27+
Adoption of the Resolution authorizing the Applicant’s Agent Resolution is consistent with the Emergency Disaster & Response Plan subobjective of the Strategic Plan’s Community Health & Safety Goal.

Approved and
Forwarded to the
City Council
89 2
City of Oakley | 3231 Main Street, Oakley, CA 94561
O (925) 625-7000 | F (925) 625-9859 | www.oakleyca.gov
Fiscal Impact
The State requires this documentation for the City to Receive State and/or Federal financial assistance for a disaster.

Staff Recommendation
Adopt a Resolution Authorizing the Designation of Applicant’s Agent Resolution for Non-State Agencies and Directing Staff to File the Form with the California Governor’s Office of Emergency Services (Cal OES)
Attachments

1. Resolution

2. CalOES Form 130- Designation of Applicant’s Agent Resolution for Non-State Agencies
90 Resolution No. XX-25 Page 1 of 2
RESOLUTION NO. XX-25

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OAKLEY AUTHORIZING THE DESIGNATION OF APPLICANT’S AGENT RESOLUTION FOR NON-STATE

AGENCIES AND DIRECTING STAFF TO FILE THE FORM WITH THE CALIFORNIA GOVERNOR’S OFFICE OF EMERGENCY SERVICES
WHEREAS, the State of California Governor’s Office of Emergency Services (Cal OES) requires the formal filing of a resolution which authorizes designated agents to act on behalf of the agency in the event of a major disaster or for requesting federal financial assistance; and
WHEREAS, the titled agents in this resolution will be authorized to provide assurances and execute agreements for and on the behalf of the City of Oakley, a public entity established under the laws of the State of California, Emergency Management Agency for the purpose of obtaining certain federal financial assistance under Public Law 93-288 as amended by the Robert T. Stafford Disaster Relief and Emergency Assistance Act of 1988, and/or state financial assistance under the California Disaster Assistance Act; and WHEREAS, the Disaster Mitigation Act of 2000 (Public Law 106-390) established new requirements for pre- and post-disaster hazard mitigation programs; and WHEREAS, this is a universal resolution, and is effective for all open and future disasters, up to three (3) years following the date of approval.

BE IT RESOLVED by the City Council of the City of Oakley that:

Section 1. The titles of City Manager, Administrative Services Director, and Finance Manager are authorized agents under the Designation of Applicant’s Agent Resolution for Non-State Agencies with the Cal OES.

Section 2. This resolution hereby authorizes the above titled Agents to provide to Cal OES for all matters pertaining to such state disaster assistance, the assurances and agreements required, including the authority to execute associated agreements and other documents for and on the behalf of the City of Oakley.

Section 3. This is a universal resolution and is effective immediately upon its passage and adoption for all open and future disasters up to three (3) years following the date of approval below.

BE IT FURTHER RESOLVED that staff is directed to submit the Designation of Applicant’s Agent Resolution for Non-State Agencies to the State of California Governor’s Office of Emergency Services.
91 Resolution No. XX-25 Page 2 of 2
PASSED AND ADOPTED by the City Council of the City of Oakley this 12th day of November 2025 by the following vote.

AYES:

NOES:

ABSTENTION:

ABSENT:

APPROVED:
___________________
Shannon Shaw, Mayor
ATTEST:
____________________ ________
Kim Snodgrass, City Clerk Date
92 DESIGNATION OF APPLICANT'S AGENT RESOLUTION FOR NON-STATE AGENCIES

BE IT RESOLVED BY THE OF THE
(Governing Body) (Name of Applicant)

THAT , OR
(Title of Authorized Agent)
, OR
(Title of Authorized Agent)
(Title of Authorized Agent)
is hereby authorized to execute for and on behalf of the , (Name of Applicant)
a public entity established under the laws of the State of California, this application and to file it with the California Governor’s Office of Emergency Services for the purpose of obtaining federal financial assistance for any existing or future grant program, including, but not limited to any of the following:
- Federally declared Disaster (DR), Fire Mitigation Assistance Grant (FMAG), California State Only Disaster (CDAA), Immediate Services Program (ISP), Hazard Mitigation Grant Program (HMGP), Building Resilient Infrastructure and Communities (BRIC), Legislative Pre-Disaster Mitigation Program (LPDM), under - Public Law 93-288 as amended by the Robert T. Stafford Disaster Relief and Emergency Assistance Act of 1988, and/or state financial assistance under the California Disaster Assistance Act.
- Flood Mitigation Assistance Program (FMA), under Section 1366 of the National Flood Insurance Act of 1968.
- National Earthquake Hazards Reduction Program (NEHRP) 42 U.S. Code 7704 (b) ((2) (A) (ix) and 42 U.S. Code 7704 (b) (2) (B) National Earthquake Hazards Reduction Program, and also The Consolidated Appropriations Act, 2018, Div. F, Department of Homeland Security Appropriations Act, 2018, Pub. L. No. 115-141 - California Early Earthquake Warning (CEEW) under CA Gov Code – Gov, Title 2, Div. 1, Chapter 7, Article 5, Sections 8587.8, 8587.11, 8587.12 That the , a public entity established under the
(Name of Applicant)
laws of the State of California, hereby authorizes its agent(s) to provide to the Governor’s Office of Emergency Services for all matters pertaining to such state disaster assistance the assurances and agreements required.

STATE OF CALIFORNIA

CALIFORNIA GOVERNOR'S OFFICE OF EMERGENCY SERVICES

DESIGNATION OF APPLICANT'S AGENT RESOLUTION

NON-STATE AGENCIES
OES-FPD-130 (Rev. 10-2022)

RECOVERY DIRECTORATE

FINANCIAL PROCESSING DIVISION
Cal OES ID No: _____________
Rev. 10-2022 Page 1 of 4 OES-FPD-130 93
Please check the appropriate box below
This is a universal resolution and is effective for all open and future disasters/grants declared up to three (3) years following the date of approval.

This is a disaster/grant specific resolution and is effective for only disaster/grant number(s):

Passed and approved this __day of , 20
(Name and Title of Governing Body Representative)
(Name and Title of Governing Body Representative)
(Name and Title of Governing Body Representative)

CERTIFICATION
I, , duly appointed and of
(Name) (Title)
, do hereby certify that the above is a true and
(Name of Applicant)
correct copy of a resolution passed and approved by the (Governing Body)
of the on the day of , 20 .
(Name of Applicant)
(Signature) (Title)

STATE OF CALIFORNIA

CALIFORNIA GOVERNOR'S OFFICE OF EMERGENCY SERVICES

DESIGNATION OF APPLICANT'S AGENT RESOLUTION

NON-STATE AGENCIES
OES-FPD-130 (Rev. 10-2022)

RECOVERY DIRECTORATE

FINANCIAL PROCESSING DIVISION
Rev. 10-2022 Page 2 of 4 OES-FPD-130 94
Cal OES Form 130 Instructions
A Designation of Applicant’s Agent Resolution for Non-State Agencies is required of all Applicants to be eligible to receive funding. A new resolution must be submitted if a previously submitted resolution is older than three (3) years from the last date of approval, is invalid, or has not been submitted.

When completing the Cal OES Form 130, Applicants should fill in the blanks on pages 1 and 2. The blanks are to be filled in as follows:

Resolution Section:

Governing Body: This is the group responsible for appointing and approving the Authorized Agents.

Examples include: Board of Directors, City Council, Board of Supervisors, Board of Education, etc.

Name of Applicant: The public entity established under the laws of the State of California.

Examples include: School District, Office of Education, City, County or Non-profit agency that has applied for the grant, such as: City of San Diego, Sacramento County, Burbank Unified School District, Napa County Office of Education, University Southern California.

Authorized Agent: These are the individuals that are authorized by the Governing Body to engage with the Federal Emergency Management Agency and the California Governor’s Office of Emergency Services regarding grants for which they have applied.

There are two ways of completing this section:

1. Titles Only: The titles of the Authorized Agents should be entered here, not their names. This allows the document to remain valid if an Authorized Agent leaves the position and is replaced by another individual. If “Titles Only” is the chosen method, this document must be accompanied by either a cover letter naming the Authorized Agents by name and title, or the Cal OES AA Names document. The supporting document can be completed by any authorized person within the Agency (e.g., administrative assistant, the Authorized Agent, secretary to the Director). It does not require the Governing Body’s signature.

2. Names and Titles: If the Governing Body so chooses, the names and titles of the Authorized Agents would be listed. A new Cal OES Form 130 will be required if any of the Authorized Agents are replaced, leave the position listed on the document, or their title changes.

STATE OF CALIFORNIA

CALIFORNIA GOVERNOR'S OFFICE OF EMERGENCY SERVICES

DESIGNATION OF APPLICANT'S AGENT RESOLUTION

NON-STATE AGENCIES
OES-FPD-130 (Rev. 10-2022)

RECOVERY DIRECTORATE

FINANCIAL PROCESSING DIVISION
Rev. 10-2022 OES-FPD-130 Page 3 of 4 95
Checking Universal or Disaster-Specific Box: A Universal resolution is effective for all past disasters and for those declared up to three (3) years following the date of approval. Upon expiration it is no longer effective for new disasters, but it remains in effect for disasters declared prior to expiration. It remains effective until the disaster goes through closeout unless it is superseded by a newer resolution.

Governing Body Representative: These are the names and titles of the approving Board Members.

Examples include: Chairman of the Board, Director, Superintendent, etc. The names and titles cannot be one of the designated Authorized Agents. A minimum of three (3) approving board members must be listed. If less than three are present, meeting minutes must be attached in order to verify a quorum was met.

Certification Section:

Name and Title: This is the individual in attendance who recorded the creation and approval of this resolution.

Examples include: City Clerk, Secretary to the Board of Directors, County Clerk, etc. This person cannot be one of the designated Authorized Agents or Approving Board Member. If a person holds two positions (such as City Manager and Secretary to the Board) and the City Manager is to be listed as an Authorized Agent, then that person could sign the document as Secretary to the Board (not City Manager) to eliminate “Self-Certification.”

STATE OF CALIFORNIA

CALIFORNIA GOVERNOR'S OFFICE OF EMERGENCY SERVICES

DESIGNATION OF APPLICANT'S AGENT RESOLUTION

NON-STATE AGENCIES
OES-FPD-130 (Rev. 10-2022)

RECOVERY DIRECTORATE

FINANCIAL PROCESSING DIVISION
Rev. 10-2022 Page 4 of 4 OES-FPD-130 96
October 2025 New In-Town Business Licenses
Business Name Primary Contact Email Address Full Primary Address Active Licenses BALANCED SOLUTIONS [email protected] 187 CENTURY WAY OAKLEY CA 94561-4215

HOME BASED BUSINESS
BROOKLYN COAST BOUTIQUE 1560 PORT WAY
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OAKLEY CA 94561

BUSINESS LICENSE
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GOLDEN STATE NURSING REGISTRY
LLC
[email protected] 49 SORREL CT
OAKLEY CA 94561

HOME BASED BUSINESS
KLEAR CONCEPTS LLC 1310 BIRMINGHAM ST
OAKLEY CA 94561

HOME BASED BUSINESS

KLM HOUSE AND COMMERCIAL

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4470 FALL LN
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MABUHAY LOGISTIC AND

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[email protected] 4510 MAIN ST
OAKLEY CA 94561

BUSINESS LICENSE
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HOME BASED BUSINESS
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NEXTPHASE PRO CLEANING, LLC [email protected] 901 CHIANTI WAY OAKLEY CA 94561-2331

HOME BASED BUSINESS
SWIFT SAVING INC [email protected] 2603 MAIN ST
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