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Agenda packet

Orange City Council
May 13, 2025

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Agenda packet
Meeting
May 13, 2025
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Orange City Council
Pages
14
Original file
101.5 MB
Text extracted from the city's file for reading and search. Open the original on cityoforange.legistar.com. That file is the official record.

364
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
12 combined with the unique proximity and access enjoy ed by parcels in the District, they provide a direct advantage and special benefit to property in the District.

Access to Improved Landscaped Areas within the District Since the parcels in the District are nearly the on ly parcels that enjoy close access to the Improvements, they directly benefit from the unique close access to improved landscaping areas and other public improvements that are provided by the Assessments. This is a direct advantage and special benefit to property in the District.

Improved Views within the Assessment Districts
The City, by maintaining permanent public improveme nts funded by the Assessments in the District, provides improved views to properties in the District. The properties in the District enjoy close and unique proximity, access and views of the specific Improvements funded in the District; therefore, the improved and protected views provide d by the Assessments are another direct and tangible advantage that is uniquely conferred upon property in the District.

Extension of a Property’s Outdoor Areas and Green Space s for Properties within Close Proximity to the Improvements
In large part because it is cost prohibitive to pro vide large open land areas on property in the District, the residential, commercial and other ben efiting properties in the District do not have larg e outdoor areas and green spaces. The Improvements wi thin the District provide additional outdoor areas that serve as an effective extension of the l and area for proximate properties because the Improvements are uniquely proximate and accessible to property in close proximity to the Improvements. The Improvements, therefore, provide an important, valuable and desirable extension of usable land area for the direct advantage and special benefit of properties in the District because such properties have uniquely good and close proximity to the Improvements.

Creation of Individual Lots for Residential and Commerci al Use that, in Absence of the Assessments, Would Not Have Been Created
In most of the District, the original owner/develop er(s) of the property within the District agreed unanimously to the Assessments. The Assessments pro vide the necessary funding for public improvements that were approved as a condition of d evelopment and subdivision approval.

Therefore, such Assessments allowed the original pr operty to be subdivided and for development of the parcels to occur. As parcels were sold, new own ers were informed of the Assessments through the title reports, and in some cases, through Depar tment of Real Estate “White Paper” reports that the parcels were subject to assessment. Purchase of property was also an “agreement” to pay the Assessment. Therefore, in the absence of the Assess ments, the lots within most of the District would not have been created. These parcels, and the Improvements that were constructed on the parcels, receive direct advantage and special benefit from the Assessments. 365
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
13 Special
Benefit +
General
Benefit =
Total
Benefit

Summary of Relative Weight of Benefit Factors
A solid argument could be made that the Creation of Individual Lots benefit comprises 100% of the benefit because the Improvements were incorporated into the original planning and design of the subdivision, and thus were deemed to be necessary a nd required for the development of the lot.

Without those Improvements and associated benefit, the lots would not have been created in the first place. Nevertheless, four other definitive be nefits accruing to the parcels within the District are identified, and an allowance should be made within the overall relative importance of benefits. The table below illustrates the relative benefit level of the five identified benefits used in this Report.

Benefit Factor

Proximity

Relative Weight

10%
Access 10%
Views 10%
Outdoor Area or Green Space Extension 10%
Creation of Individual Lots for Development 60%
Total Benefit 100%

General Versus Special Benefit
Article XIIIC of the California Constitution requir es any local agency proposing to increase or impose a benefit assessment to “separate the genera l benefits from the special benefits conferred on a parcel.” The rationale for separating special and general benefits is to ensure that property owners subject to the benefit assessment are not paying fo r general benefits. An assessment can fund special benefits but cannot fund general benefits. Accordin gly, a separate estimate of the special and general benefit is given in this section.

In other words:

There is no widely-accepted or statutory formula fo r general benefit. General benefits are benefits from improvements or services that are not special in nature, are not “particular and distinct” and are not “over and above” benefits received by other properties. SVTA provides some clarification by indicating that general benefits provide “an ind irect, derivative advantage” and are not necessaril y proximate to the improvements.

In this Report, the general benefit is liberally estimated and described, and then budgeted so that it is funded by sources other than the Assessment.
366
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
14 Benefit
+ to the
Public
at Large
Benefit to Real
Property Inside
the Assessment
District that is
Indirect and
Derivative
+
Benefit to Real
Property
= Outside the
Assessment
District
General
Benefit

The starting point for evaluating general and speci al benefits is the current, baseline level of servi ce.

The Assessment will fund Improvements “over and abo ve” this general, baseline level and the general benefits estimated in this section are over and above the baseline.

A formula to estimate the general benefit is listed below:

Special benefit, on the other hand, is defined in t he state constitution as “a particular and distinct benefit over and above general benefits conferred o n real property located in the district or to the public at large.” The SVTA decision indicates that a special benefit is confer red to a property if it “receives a direct advantage from the improvement ( e.g., proximity to a park).” In these Assessments, as noted, properties in the District h ave close and unique proximity, views and access to the Improvements and uniquely improved desirabil ity from the Improvements and other properties and the public at large do not receive s ignificant benefits because they do not have proximity, access or views of the Improvements. The refore, the overwhelming proportion of the benefits conferred to property is special, and is o nly minimally received by property outside the Assessment Districts or the public at large.

Benefit Finding
Quantification of General Benefit
In this section, the general benefit from landscapi ng and other types of Improvements is liberally estimated and described, and then budgeted so that it is funded by sources other than the Assessment.

Benefit to Property Outside the Assessment Districts
Properties within the District receive almost all o f the special benefits from the Improvements because properties in the District enjoy unique clo se proximity and access to the Improvements that are not enjoyed by other properties or the public a t large. However, certain properties within the proximity/access radius of the Improvements, but ou tside of the boundaries of the District, may receive some benefit from the Improvements. Since t his benefit is conferred to properties outside the District boundaries, it contributes to the over all general benefit calculation and will not be funded by the Assessments. The general benefit to p roperty outside of the District is calculated with the parcel and data analysis performed by SCI Consulting Group.

Since the properties outside the District but with frontage abutting the Improvements receive benefit but cannot be assessed by the District, thi s is a form of general benefit to other property.

The primary ways that parcels outside the district benefit by the Improvements is from proximity, 367
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
15 Assumptions:
47 parcel outside the District
1517 parcels in the District
Calculation:

General Benefit to property outside the
District =
47/(47+1517) * 40% = 1.20%

access, views and extension of outdoor space, which account for 40% of the available benefit.

Therefore, parcels that abut the landscape areas an d are not separated from the Improvements by a privacy fence are counted for this general benefit. The general benefit to property outside of the District is calculated as follows.

Benefit to Property Inside the Assessment Districts that is Indirect and Derivative The “indirect and derivative” benefit to property w ithin the District is particularly difficult to calculate. A solid argument can be presented that all benefit within the District is special, because the Improvements are clearly “over and above” and “part icular and distinct” when compared with the baseline level of service and the unique proximity, access and views of the Improvements enjoyed by benefiting properties in the District.

Nevertheless, the SVTA decision indicates there may be general benefit “co nferred on real property located in the district.” A measure of the general benefits to property within the Assessment area is the percentage of land area within the District tha t is publicly owned and used for regional purposes such as major roads, rail lines and other regional facilities because such properties used for regiona l purposes could provide indirect benefits to the pub lic at large. Approximately 7.15% of the land area in the District is used for such regional purp oses, so this is a measure of the general benefits to property within the District.

Benefit To The Public At Large
The general benefit to the public at large can be e stimated by the proportionate amount of time that the District’s Improvements including landscaping a re used and enjoyed by individuals who are not residents, employees, customers or property owners in the District. It should be noted that these Improvements do not attract the public at large in the same way as park improvements – and they confer far less benefit to the public at large than do similar park improvements.

One way to measure the special benefit to the gener al public is by the car trips through an area with Improvements. Of the five ways benefits are conferr ed (proximity, access, views, extension of a property’s green space, and creation of lots), the only benefit that is conferred by way of pass-by ca r trips is views, which accounts for 10% of the total benefits. For pass-by car trips, the benefit of views is found to be approximately half that of res idents, employees, customers or property owners in the District due to the brevity of the views. Therefore the relative benefit factor is reduced to 5%. 368
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
16 1.16%

11.31% 11.3% = 10.0%
= 11.6%

21.6% TOTAL GENERAL BENEFIT
100.0% x 11.6% Out -of -District General Benefits
Property within the District 7.15%
Public at Large 3.00%
Total In -District 11.35% 11.4% x 88.4%

1.20%
In -District General Benefits
Outside the District
Relative Percent of
General Overall General
Benefit Benefit Benefit

Next, the views factors are weighted by the relevan t number of car trips. Using the lane miles as representative of pass-by traffic, an analysis show s that 60% of the lane miles are on arterial or collector streets where the general public has view s of the landscaping. Therefore (60% of 5% =)

3.0% of the benefits from the Improvements are general benefits to the public at large.

Special Considerations of Improvements Outside of District The benefits are categorized into to two geographic groupings of Improvements: In-District Improvements that include parkways, medians and pas eos that are either inside the district boundaries, or are traffic medians that directly ab ut or front the district; and Out-of-District Improvements that are parkways or medians that are both outside the District boundaries and are not abutting, fronting or lying adjacent to the Dis trict. Based on weighted square footage of the various types of Improvements, Out-of-District Impr ovements count for approximately 11.6% of the total benefits. These Out-of-District benefits are found to be entirely General Benefit. For example some Improvements at Santiago Canyon Colleg e are maintained, but the funding for this work comes entirely from the College as general benefit funds.

The In-District Improvements, conversely, provide a pproximately 88.4% of the total benefits. The general benefits provided by these Improvements are discussed above.

Total General Benefits
Using a sum of these three measures of general bene fit plus the special considerations of general benefit from Out-of-District benefits (both weighted accordingly), we find that approximately 21.6% of the benefits conferred by the Improvements may b e general in nature and should be funded by sources other than the Assessment. This calculation is shown below.

Although this analysis finds that 21.6% of the Asse ssment may provide general benefits from the Improvements, the Assessment Engineer establishes a requirement for a minimum contribution from sources other than the Assessments of 22%. Thi s minimum contribution above the measure of general benefits will serve to provide additional coverage for any other general benefits.

369
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
17 Final Step – Calculate the Current General Benefit Contribution from the City This general benefit cannot be funded from the Asse ssments; it must be funded from other sources such as the City’s General Fund or other non-Distri ct funds. These contributions can also be in the form of in-lieu contributions to the installation a nd maintenance of the Improvements such as other City assets that support and protect the Improvemen ts. The City of Orange will contribute both monetary and in-lieu resources to ensure that the g eneral benefits conferred by the proposed Improvements are not funded by the District’s property owners.

A summary and quantification of these other contributions from the City is discussed below:

The City of Orange owns, maintains, rehabilitates a nd replaces curb and gutter along the border of the District Improvements. This curb and gutter ser ves to support, contain, retain, manage irrigation flow and growth, and provide a boundary for the Improvements. The contribution from the City towards general benefit from the maintenan ce, rehabilitation, and replacement of the curb and gutter is conservatively estimated to be 5%.

The City owns and maintains a storm drainage system along the border of the District Improvements. This system serves to prevent floodin g and associated damage to the Improvements, and manage urban runoff including local pollutants loading from the Improvements.

The contribution from the City towards general bene fit from the maintenance, and operation of the local storm drainage system is conservatively estimated to be 5%.

The City owns and maintains local public streets al ong the border of the District Improvements.

These public streets provide access to the Improvements for residents’ enjoyment as well as efficient maintenance. The contribution from the City towards general benefit from the maintenance of local public streets is conservatively estimated to be 5%.

The value of the construction of the Improvements c an be quantified and monetized as an annuity.

Since this construction was performed and paid for by non-assessment funds, this “annuity” can be used to offset general benefit costs, and is conservatively estimated to contribute 10%.

The total General Benefit is liberally quantified a t 22% which is entirely offset by the conservativel y quantified total non-Assessment contribution toward s general benefit described above of 25%.

Therefore, no additional General Benefit must be funded by the City.

Zones of Benefit
The boundaries of the District were developed in co njunction and concurrent with the planning and design of the subdivisions and Improvements, and th us include only the properties in the City of Orange that are proximate to the Improvements and t hat would materially benefit from the Improvements. Certain other properties surrounding the District were not part of the designed association between the Improvements and the assess ed areas, and are generally less proximate to the Improvements. In other words, the boundaries of the District have been narrowly drawn to include only properties that will specially benefit from the Improvements, and would receive a declining level of service if the Assessments were not approved.

The SVTA decision indicates:

In a well-drawn district — limited to only parcels r eceiving special benefits from the improvement — ev ery parcel within that district receives a shared special benef it. Under section 2, subdivision (i), these benefit s can be construed as being general benefits since they are not “particular and distinct” and are not “over and above” the benefits received by other properties “located in the district.” 370
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
18 We do not believe that the voters intended to inval idate an assessment district that is narrowly drawn t o include only properties directly benefiting from an improve ment. Indeed, the ballot materials reflect otherwise . Thus, if an assessment district is narrowly drawn, the fact that a benefit is conferred throughout the district does not make it general rather than special. In that circumstance, the characterization of a benefit may depend on whet her the parcel receives a direct advantage from the improve ment (e.g., proximity to park) or receives an indire ct, derivative advantage resulting from the overall public benefit s of the improvement (e.g., general enhancement of the district’s property values).

In the District, the advantage that each parcel rec eives from the Improvements is direct, and the boundaries are narrowly drawn to include only parce ls that benefit from the Assessment. Therefore, the even spread of Assessment throughout the narrow ly drawn district is indeed consistent with the SVTA decision. For the most part, the benefits from the Improvements within the District do not vary further based on proximity of the parcels to t he Improvements because the increased benefits of greater proximity to the Improvements are genera lly offset by a parallel increase in negative factors such as higher levels of traffic, noise, etc. that comes with increased proximity.

There are two distinct neighborhoods within the Dis trict: Santiago Hills and Hillsdale. Santiago Hills is a complex neighborhood with arterial and c ollector streets traversing the residential areas and a commercial area on the northeast portion. In addition, Santiago Hills has a system of walking paths, or paseos, that provide additional benefits not found in the Hillsdale neighborhood. Hillsdale is a relatively small neighborhood, linear in shape centered on one residential street (Hillsdale Driv e) with Improvements along only one exterior frontage (Santiago Canyon Road).

In order to most conservatively assure that Assessm ents are proportional to the relative level of special benefits in the District, two zones have be en created. Zone of Benefit A (or “Zone A”) consists of all of the parcels that lie within the Santiago Hills neighborhood bounded generally by Chapman Avenue, Jamboree Road, Canyon View Avenue, Skylark Lane and Newport Boulevard.

Zone A receives the full complement of special benefits.

Zone of Benefit B (“Zone B”) consists of all the pa rcels that lie within the Hillsdale neighborhood lying generally north of Santiago Canyon Road. A de tailed analysis of the proportionate benefits received by the Hillsdale neighborhood as compared to the Santiago Hills neighborhood based on the weighted areas of parkways, paseos, and traffic medians within or proximate to the two zones shows that the Hillsdale neighborhood (Zone B) rece ives approximately 75% as much special benefit as the Santiago neighborhood (Zone A). Ther efore Assessments for parcels in Zone B are reduced approximately 20% from the rates for Zone A (see Assessment Diagram).

Method of Assessment
As previously discussed, the proposed Assessments w ill provide comprehensive Improvements that will clearly confer special benefits to properties in the District. The allocation of special benefits to property is partially based on the type of property and the size of property. These benefits can also partially be measured by the occupants on property in the District because such parcel population density is a measure of the relative benefit a parc el receives from the Improvements. It should be noted that many other types of “traditional” assess ments also use parcel population densities to apportion the Assessments. For example, the assessm ents for sewer systems, roads and water systems are typically allocated based on the popula tion density of the parcels assessed. Therefore, the apportionment of benefit is reasonably based on the type of parcel, the size of parcels and the population density of parcels.
371
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
19 The next step in apportioning Assessments is to det ermine the relative special benefit for each property. This process involves determining the rel ative benefit received by each property in relation to a single family home, or, in other words, on the basis of Single Family Equivalents (SFE). This SFE methodology is commonly used to distribute Asse ssments in proportion to estimated special benefit and is generally recognized as providing th e basis for a fair and appropriate distribution of Assessments. For the purposes of this Engineer’s Re port, all properties are designated a SFE value, which is each property’s relative benefit in relati on to a single family home on one parcel. In this case, the "benchmark" property is the single family detached dwelling which is one Single Family Equivalent or one SFE.

Not only residential improved property will be asse ssed, because commercial and other properties may also receive direct benefits from the Improvements, and will be assessed.

A fixed or flat Assessment is proposed for all sing le family residential properties regardless of occupancy or parcel size. Assessments on multi-fami ly residential parcels vary based on the number of dwelling units. Assessments on commercial proper ty are levied on an acreage basis because larger properties generally support larger buildings and h ave higher numbers of employees, customers and guests who would benefit from proximity and improve d access to well-maintained and improved landscaping.

Finally, the special benefits to be derived from th e proposed Assessments will be conferred on property and are not based on a specific property o wner’s use of the improvements, a specific property owner’s occupancy of property, or the prop erty owner’s demographic status such as age or number of dependents. The benefits conferred to pro perty are related to the average number of people who could potentially live on, work at, or o therwise could occupy a property, not how the property is currently used by the present owner. Th erefore, the number of people who could or potentially live on, work at or otherwise occupy a property is one indicator of the relative level of benefit received by a property.

In conclusion, the Assessment Engineer determined t hat the appropriate method of assessment apportionment should be based on the type of proper ty, the relative size of the property, property location, its relative population and its proximity to Improvements. This method is further described below.

Residential Properties
Certain residential properties in the District that contain a single residential dwelling unit are assigned one Single Family Equivalent or 1.0 SFE. D etached or attached houses and zero-lot line houses are included in this category of single fami ly residential property. If there is more than one single family detached dwelling on a parcel, it wil l be charged one SFE per single family detached dwelling.

Properties with more than one residential unit (oth er than parcels with more than one detached single family dwelling as described above) are designated as multi-family residential properties. These properties benefit from the Improvements in proport ion to the number of dwelling units that occupy each property, the average number of people who reside in multi-family residential units versus the average number of people who reside in a single family home (Population Density Factor) and the relative size of each type of residential d welling unit (Square Foot Factor). The population density factors for the area in Orange County encom passing the District, as depicted in the following table, provide the basis for determining the SFE factors for residential properties. Using the total population in a certain property type in the area of the District from the 2010 Census and 372
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
20 dividing it by the total number of such households, finds that approximately 3.21 persons occupy each single family residence, whereas an average of 2.93 persons occupy each condominium. The ratio of 3.21 people on average for a single family residence and 2.93 people per dwelling unit in a condominium unit results in a population density eq uivalent of 0.91 for condominiums. Next, the relative building areas are factored into the analysis because special benefits are related to the average size of a property, in addition to average populati on densities. For a condominium, this calculation results in an SFE factor of 0.71 per dwelling unit.

Table 1 – Residential Density and Assessment Factors

Type of Residential Property
Pop. Density
Equivalent
SqFt
Factor
SFE
Factor

Single Family Residential

1.00 1.00

1.00 Condominium 0.91 0.78 0.71

There are no other multi-family property types (e.g ., duplex, triplex, fourplex, apartments) in the District, and none are foreseen in the future. Therefore no SFE-based assessment rate is calculated.

Commercial Properties
SFE values for commercial land uses are based on th e equivalence of special benefit on a land area basis between single family residential property an d the average commercial property. The SFE values for various commercial land uses are further defined by using average employee densities because the special benefit factors described previ ously can be measured by the average number of people who work at commercial properties.

In order to determine employee density factors, the findings from the San Diego Association of Governments Traffic Generators Study (the “SANDAG S tudy”) are used because these findings were approved by the State Legislature as being a g ood representation of the average number of employees per acre of land area for commercial prop erties. As determined by the SANDAG Study, the average number of employees per acre for general commercial property is 24.

In comparison, the average number of people residin g in a single family home in the area is 3.21.

Since the average lot size for a single family home in the District is approximately 0.12 acres, the average number of residents per acre of residential property is 26.8.

The employee density per acre is roughly equal to ( or 0.9 times) the population density of single family residential property per acre (24 employees per acre / 26.8 residents per acre). However, the benefit derived by employees on commercial properti es is less than that derived by a resident on residential property, generally due to less time of use of services and Improvements. The Assessment Engineer determines that this factor is 0.5 for commercial to 1 for residential. Table 2 below shows the average employees per acre of land area or portion thereof for various types of commercial properties and lists the relative SFE fa ctors per 0.12 acre for properties in each land use category.
373
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
21 Commercial properties in excess of 5 acres generall y involve uses that are more land intensive relative to building areas and number of employees (lower coverage ratios). As a result, the benefit factors for commercial property land area in excess of 5 acres is determined to be the SFE rate per

0.12 acre for the first 5 acres and the relevant SFE rate per each additional acre over 5 acres.

Table 2 – Commercial Density and Assessment Factors

Type of Commercial Land Use
Average
Employees
per Acre 1
SFE Unit
per

0.12 Acre
s

2 General Commercial

24 0.500
Office 3 68 1.420
Shopping Center 24 0.500

1. Source: San Diego Association of Governments Traffic Generators Study.

2. The SFE factors for commercial and industrial parce ls are applied by the 0.12 acre of land area or portion thereof. (Therefore, the minimum assessment for any assessable parcel in these categories is the SFE Units listed herein.) The rates apply up to first 5 acres of parcel size. Additional acreage i s benefited at the rate shown above per acre or portion thereof.

3. Currently there are no parcels in the District in t he Office category. This rate is included in the event General Commercial space is converted to Office space.

Vacant/Undeveloped Properties
The benefit to undeveloped properties is determined to be proportional to the corresponding benefits for similar type developed properties, but at a lower rate due to the lack of improvements on the property. A measure of the benefits accruing to the underlying land is the average value of land in relation to Improvements for developed prop erty. An analysis of the assessed valuation data from the County of Orange found that approximately 55% of the assessed value of improved properties is classified as the land value. It is r easonable to assume, therefore, that approximately 55% of the benefits are related to the underlying l and and 45% are related to the improvements and the day-to-day use of the property. Using this rati o, the SFE factor for vacant/undeveloped parcels is 0.55 per parcel.

Other Properties
Article XIIID stipulates that publicly owned proper ties must be assessed unless there is clear and convincing evidence that those properties receive no special benefit from the Assessment.

All properties that are specially benefited are ass essed. Certain other publicly owned property that lie within the District boundaries, including Santiago Canyon College, Chapman Hills Elementary School, Santiago Hills Park, and City of Orange pub lic safety facility on East Fort Road, are not assessed. These are discussed below.

Santiago Canyon College: The College lies within th e District and certain Improvements lie on their property. Although the College is not assessed in this District, the College pays for any special 374
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
22 benefit through a separate agreement with the City, and that monetary contribution is shown in Table 1. In addition, all benefit attributable for the College property is included in the General Benefit calculation shown above.

Chapman Hills Elementary School: Any special benefi t attributable to the School buildings and parking lots are entirely offset by the benefit pro vided to the neighborhood by the outdoor fields.

This facility was also included in the list of regi onal facilities in the calculation of general benef it to properties inside the district that is indirect and derivative above.

Santiago Hills Park: Any special benefit attributab le to the Park is entirely offset by the benefit provided to the neighborhoods by park facilities. T his facility was also included in the list of regional facilities in the calculation of general b enefit to properties inside the district that is in direct and derivative above.

City of Orange Public Safety Facility on East Fort Road: Any special benefit received by this facility is entirely offset by the benefit provided back to the neighborhood similar to other in-lieu contributions to the General Benefit contributions that are funded by the City’s General Fund or other non-District funds.

Miscellaneous, small and other parcels such as road s, right-of-way parcels, and common areas typically do not generate significant numbers of em ployees, residents, customers or guests, and have limited economic value. These miscellaneous parcels receive minimal, if any, benefit from the Improvements and are assessed an SFE benefit factor of zero SFEs.

Annual Cost Indexing
The Assessment is subject to an annual adjustment t ied to the Consumer Price Index-U for the Los Angeles-Long Beach-Anaheim area as of December of e ach succeeding year (the “CPI”), with a maximum annual adjustment not to exceed 3%. Any cha nge in the CPI in excess of 3% shall be cumulatively reserved as the “Unused CPI” and shall be used to increase the maximum authorized assessment rate in years in which the CPI is less t han 3%. The maximum authorized assessment rate is equal to the maximum assessment rate in the firs t fiscal year the Assessment was levied adjusted annually by the minimum of either 3% or the change in the CPI plus any Unused CPI as described above.

Appeals of Assessments Levied to Property
Any property owner who feels that the Assessment le vied on the subject property is in error as a result of incorrect information being used to apply the foregoing method of assessment may file a written appeal with the City of Orange City Manager or his or her designee. Any such appeal is limited to correction of an Assessment during the t hen-current Fiscal Year and applicable law. Upon the filing of any such appeal, the City Manager or his or her designee will promptly review the appeal and any information provided by the property owner. If the City Manager or his or her designee finds that the Assessment should be modified, the a ppropriate changes shall be made to the Assessment Roll. If any such changes are approved after the Assessment Roll has been filed with the County for collection, the City Manager or his or h er designee is authorized to refund to the property owner the amount of any approved reduction . Any dispute over the decision of the City Manager or his or her designee shall be referred to the Orange City Council, and the decision of the City Council shall be final.
375
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
23 Assessment Funds Must Be Expended Within the District Area The net available Assessment funds, after incidenta l, administrative, financing and other costs shall be expended exclusively for Improvements within the boundaries of the District or as described herein, and appropriate incidental and administrati ve costs as defined in the Plans and Specifications section.
376
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
24 ASSESSMENT
The amount to be paid for said Improvements and the expense incidental thereto, to be paid by the District for the Fiscal Year 2025-26 is generally as follows:

Table 3 – Summary Cost Estimate
For Landscape Maintenance District No. 15 -1
For Fiscal Year 2025-26

BUDGET ITEM COST

ANNUAL MAINTENANCE
Operating Expenses

$967,491
Salaries & Benefits $56,522
Administration and Project Management $76,695
Capital Expenses/ Revenues $0
Total for Services $1,100,708
Less Other Revenue ($567,879)
Taken from Reserve Funds $142,865

Net Amount of Assessment $389,964
As required by the Act, an Assessment Diagram showi ng the exterior boundaries of the Improvement District is hereto attached and incorpo rated herein by reference. The distinctive number of each parcel or lot of land in the Distric t is its Assessor Parcel Number appearing on the Assessment Roll.
377
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
25 ASSESSMENT DIAGRAM
The parcels proposed to be assessed in Landscape Ma intenance District No. 15-1 are shown on the Assessment Diagram, which is on file with the City Clerk of the City of Orange, and includes all those properties included in the original formation of LMD No. 86-2. The following Assessment Diagram is for general location only and is not to be considered the official boundary map. The lines and dimensions of each lot or parcel within t he District are those lines and dimensions as shown on the maps of the Assessor of the County of Orange, for Fiscal Year 2025-2, and are incorporated herein by reference, and made a part of this Diagram and this Report. 378
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
26 379
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
27 ASSESSMENT ROLL
An Assessment Roll (a listing of all parcels assess ed within the Assessment District and the amount of the Assessment) will be filed with the City Cler k and is, by reference, made part of this Report and is available for public inspection during norma l office hours at the City Hall at 300 East Chapman Avenue, Orange, California 92866.

Each lot or parcel listed on the Assessment Roll is shown and illustrated on the latest County Assessor records and these records are, by referenc e made part of this Report. These records shall govern for all details concerning the description of the lots or parcels. 380
Agenda Item
City Council
Item #: 7.1. 5/13/2025 File #: 25-0252

1. SUBJECT
Appointment(s) to the Orange Public Library Board of Trustees.

2. SUMMARY
Due to the resignation of Peggy Calvert, an unscheduled vacancy exists on the Orange Public Library Board of Trustees (“Board”).A Notice of Vacancy was posted on February 4, 2025, in accordance with Government Code Section 54974.

In addition, Mayor Slater recommends reappointing Rebecca Martinez to the Board for a three-year term expiring June 30, 2028. Ms. Martinez’sterm is due to expire on June 30, 2025. She was not reappointed at the April 8, 2025, Council meeting. A Notice of Scheduled Vacancy was posted on April 9, 2025.

3. RECOMMENDED ACTION
Confirm Mayor Slater’s recommendation to appoint Ariana Cazares to the Orange Public Library Board of Trustees to fill an unexpired term ending June 30, 2027; and reappoint Orange Public Library Board Trustee Rebecca Martinez for a three-year term expiring June 30, 2028.

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Agenda Item
City Council
Item #: 7.1. 5/13/2025 File #: 25-0252

1. SUBJECT
Appointment(s) to the Orange Public Library Board of Trustees.

2. SUMMARY
Due to the resignation of Peggy Calvert, an unscheduled vacancy exists on the Orange Public Library Board of Trustees (“Board”).A Notice of Vacancy was posted on February 4, 2025, in accordance with Government Code Section 54974.

In addition, Mayor Slater recommends reappointing Rebecca Martinez to the Board for a three-year term expiring June 30, 2028. Ms. Martinez’sterm is due to expire on June 30, 2025. She was not reappointed at the April 8, 2025, Council meeting. A Notice of Scheduled Vacancy was posted on April 9, 2025.

3. RECOMMENDED ACTION
Confirm Mayor Slater’s recommendation to appoint Ariana Cazares to the Orange Public Library Board of Trustees to fill an unexpired term ending June 30, 2027; and reappoint Orange Public Library Board Trustee Rebecca Martinez for a three-year term expiring June 30, 2028.

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Agenda Item
City Council
Item #: 9.1. 5/13/2025 File #: 25-0189
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Leslie Hardy, Community and Library Services Director

1. SUBJECT
Lottery selection for permits to sell Safe and Sane Fireworks.

2. SUMMARY
On February 11, 2025, the Orange City Council adopted Resolution No. 11597 regarding rules and regulations for the number of permits, application process, and lottery process to sell Safe and Sane fireworks pursuant to Orange Municipal Code Chapter 8.13. An eligibility pool has been created from a compiled list of qualified applicant organizations and a lottery drawing can now be conducted wherein permittees are chosen via random selection for continuance in the permit process.

3. RECOMMENDED ACTION
Conduct a lottery via random selection process and provide notification to permittees regarding next steps in the Safe and Sane Fireworks sale permit process.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 3: Enhance Public Communication Strategy and Quality of Life.

6. DISCUSSION AND BACKGROUND
On May 14, 2024, the City Council adopted Resolution No. 11545, submitting to the voters a question on whether to permit the sale, possession, and use of Safe and Sane Fireworks. Assigned the letter designation “AA”by the Orange County Registrar of Voters, Measure AA was approved in November 2024 with 61.18% of the vote. The Council adopted Resolution No. 11597, finalizing the lottery and permit process pertinent to the sale of Safe and Sane fireworks within the City (Attachment 1).

Staff finalized necessary application forms, created a webpage, and conducted outreach to allow interested groups to participate in the lottery process. The lottery process will determine which organizations will advance to the permit process.

The application process allowed for “Qualified Organizations” as defined in Orange Municipal Code Chapter 8.13 and Resolution No. 11597 to submit an application, which was made available electronically on the City’swebsite between March 3, 2025, and March 31, 2025 (application period).

At the conclusion of the application period, a total of 32 applications were received and reviewed to City of Orange Printed on 5/7/2025Page 1 of 2
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At the conclusion of the application period, a total of 32 applications were received and reviewed to determine eligibility for the lottery. Based on the requirements outlined in Section 3, Subsection D of Resolution No. 11597 it was determined that a total of 26 qualified organizations should be included in the lottery process (Attachment 2).

Several applications were received but determined not to be included in the lottery process. The El Modena Girls Basketball Booster Club submitted an application but is not included because the organization is affiliated with El Modena High School which is automatically receiving a permit covering all of their school organizations. An application was received from the Kiwanis Club of Greater Westminster, which did not meet several requirements of a Qualified Organization. Calvary Chapel Old Towne and Orange AYSO Region 1335 had submitted applications but withdrew from consideration during the review period.

A maximum number of twelve permits can be issued to Qualified Organizations, eight being issued to Qualified Organizations selected randomly from an eligible pool of lottery entrants and the remaining four permits being designated for El Modena High School, Orange High School, Orange Lutheran High School, and Richland Continuation High School. Staff coordinated with the administrations of each High School to determine interest in pursuing a permit for the sale of Safe and Sane fireworks.

All of the High Schools except for Richland Continuation School indicated they would pursue a permit as allotted. Richland’s election to withdraw results in an additional selection being added to the lottery, raising the total number allotted lottery permittees to nine.

Per Resolution No. 11597, it is recommended that an additional number of applicants be selected randomly to serve as “alternates”in the event that one or more of the initial nine selected applicants fails to obtain a permit. As such, it is recommended that six alternates be selected. These additional applicants shall be considered for a permit in the order they were drawn.

Applicants selected in the lottery will be contacted by the Orange Fire Department to begin the process to secure all necessary approvals to receive their permit for 2025 (Phase II).

7. ATTACHMENTS
· Attachment 1 - Resolution No. 11597
· Attachment 2 - List of Qualified Organizations
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Agenda Item
City Council
Item #: 9.1. 5/13/2025 File #: 25-0189
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Leslie Hardy, Community and Library Services Director

1. SUBJECT
Lottery selection for permits to sell Safe and Sane Fireworks.

2. SUMMARY
On February 11, 2025, the Orange City Council adopted Resolution No. 11597 regarding rules and regulations for the number of permits, application process, and lottery process to sell Safe and Sane fireworks pursuant to Orange Municipal Code Chapter 8.13. An eligibility pool has been created from a compiled list of qualified applicant organizations and a lottery drawing can now be conducted wherein permittees are chosen via random selection for continuance in the permit process.

3. RECOMMENDED ACTION
Conduct a lottery via random selection process and provide notification to permittees regarding next steps in the Safe and Sane Fireworks sale permit process.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 3: Enhance Public Communication Strategy and Quality of Life.

6. DISCUSSION AND BACKGROUND
On May 14, 2024, the City Council adopted Resolution No. 11545, submitting to the voters a question on whether to permit the sale, possession, and use of Safe and Sane Fireworks. Assigned the letter designation “AA”by the Orange County Registrar of Voters, Measure AA was approved in November 2024 with 61.18% of the vote. The Council adopted Resolution No. 11597, finalizing the lottery and permit process pertinent to the sale of Safe and Sane fireworks within the City (Attachment 1).

Staff finalized necessary application forms, created a webpage, and conducted outreach to allow interested groups to participate in the lottery process. The lottery process will determine which organizations will advance to the permit process.

The application process allowed for “Qualified Organizations” as defined in Orange Municipal Code Chapter 8.13 and Resolution No. 11597 to submit an application, which was made available electronically on the City’swebsite between March 3, 2025, and March 31, 2025 (application period).

At the conclusion of the application period, a total of 32 applications were received and reviewed to City of Orange Printed on 5/7/2025Page 1 of 2
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At the conclusion of the application period, a total of 32 applications were received and reviewed to determine eligibility for the lottery. Based on the requirements outlined in Section 3, Subsection D of Resolution No. 11597 it was determined that a total of 26 qualified organizations should be included in the lottery process (Attachment 2).

Several applications were received but determined not to be included in the lottery process. The El Modena Girls Basketball Booster Club submitted an application but is not included because the organization is affiliated with El Modena High School which is automatically receiving a permit covering all of their school organizations. An application was received from the Kiwanis Club of Greater Westminster, which did not meet several requirements of a Qualified Organization. Calvary Chapel Old Towne and Orange AYSO Region 1335 had submitted applications but withdrew from consideration during the review period.

A maximum number of twelve permits can be issued to Qualified Organizations, eight being issued to Qualified Organizations selected randomly from an eligible pool of lottery entrants and the remaining four permits being designated for El Modena High School, Orange High School, Orange Lutheran High School, and Richland Continuation High School. Staff coordinated with the administrations of each High School to determine interest in pursuing a permit for the sale of Safe and Sane fireworks.

All of the High Schools except for Richland Continuation School indicated they would pursue a permit as allotted. Richland’s election to withdraw results in an additional selection being added to the lottery, raising the total number allotted lottery permittees to nine.

Per Resolution No. 11597, it is recommended that an additional number of applicants be selected randomly to serve as “alternates”in the event that one or more of the initial nine selected applicants fails to obtain a permit. As such, it is recommended that six alternates be selected. These additional applicants shall be considered for a permit in the order they were drawn.

Applicants selected in the lottery will be contacted by the Orange Fire Department to begin the process to secure all necessary approvals to receive their permit for 2025 (Phase II).

7. ATTACHMENTS
· Attachment 1 - Resolution No. 11597
· Attachment 2 - List of Qualified Organizations
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RESOLUTION NO. 11597

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF ORANGE, CALIFORNIA, RESCINDING AND
REPLACING RESOLUTION NO. 11593 TO

REESTABLISH A FEE AND ADOPT RULES AND

REGULATIONS REGARDING THE NUMBER OF

PERMITS AS WELL AS THE APPLICATION AND
LOTTERY PROCESS TO SELL " SAFE AND SANE"

FIREWORKS PURSUANT TO ORANGE MUNICIPAL
CODE CHAPTER 8. 13.

WHEREAS, City of Orange voters approved Ordinance No. 10-24 allowing for the use, possessionand dischargeof" safe and sane" fireworks; and WHEREAS, Ordinance No. 10-24 repealed and replaced the then- existing Orange Municipal Code Chapter 8. 13; and
WHEREAS, Orange Municipal Code Chapter 8.13, as established by Ordinance No. 10- 24, provides that the City shall permit the sale, possession and discharge of " safe and sane" fireworks for private display within the City, in accordancewith rules and regulations adoptedby ordinance or resolution of the City Council, relating to the following: who may sell fireworks, the timeperiodsin whichtheymaybesoldanddischarged,thelocationwheretheymaybedischarged and the manner in which they may be discharged, stored, disposedof etc., Permits which may be required relating to fireworks, and similar provisions to protect the public health, safety, and welfare; and
WHEREAS, the City Council desires to adopt this Resolution to rescind and replace Resolution No. 11593 and reestablish rules and regulations regarding the number of Permits allowed eachyear aswell as the application and lottery processto receive a Permit as defined in Orange Municipal Code Chapter 8. 13.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ORANGE,

CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS:

SECTION 1:

Resolution No. 11593 is hereby rescinded and replaced upon the effective date of this resolution.

SECTION 2:

The City Manager is hereby authorized to implement this resolution pursuant to Orange Municipal Code Chapter 8. 13.
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SECTION 3:

The maximum number of Permits issued to Qualified Organizations, shall be 12 Permits per year.

A. Four of the maximum number of Permits shall be for Orange High School, El Modena High School, Richland Continuation High School, and Orange Lutheran High School.

The Permit for each high school shall incorporate all of the high school sports teams, affiliated civic groups, student groups, booster clubs, other school organizations, etc.

Each high school shall be responsible for how the Permit is administered and utilized.

None of the aforementioned high schools are required to complete an application for the lottery since eachhigh school will automatically receive a Permit to sell Safe and SaneFireworks. In the event that any of the four high schools electsto not participate in the sale of Safe and Sane Fireworks, then the Permit will be included as an additional lottery Permit available to qualified organizations.

B. All other Qualified Organizations interestedin receiving aPermit must file applications with the City Manager's Office or its designeebeginningthe first businessday of March, continuing up to 5:30 p.m. on the last businessday in March of the sameyear, at which time the filing period for that year will be closed.

C. In drawing from the pool of Qualified Organizations that submitted completed applications, the City Manager's Office or its designeeshall conduct a lottery during a City Council meeting using somemeansof random selection. The first 8 applicants to be randomly selected shall be granted a Permit upon completion of all Permit application requirements. An additional number of applicants shall be randomly selected in the event that one or more of the initial 8 applicants fails to obtain a Permit.

Additional applicants shall be consideredfor a Permit in the order they were drawn.

D. In additionto the requirementsof OrangeMunicipal CodeChapter8.13, Qualified Organizations must be organized primarily for veterans, patriotic, welfare, civic betterment, religious, athletic, educational, youth development or charitable purposes; must have their principal and permanentmeeting place within the City; provide direct and regular community servicesandbenefits to theresidentsof the City; andhavebona fide memberswho either residein the City, areemployed in the City, or are owners or operatorsof a businessor other establishmentlocated in the City.

E. Qualified Organizations may only submit one application to be included in the lottery for a Safe and Sane Fireworks Permit. If more than one application is submitted on behalf of any nonprofit organization or educational institution, including from their respectiveaffiliated organizations,the City shall disregardoneor all of the applications at its sole discretion. Any attempt to transfer an application shall void that application and may preclude an applicant from participating in the lottery in future years.

F. On forms and applications provided by the City, Qualified Organizations shall provide:
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a. The proposedlocation of the fireworks stand.
b. The name, address and 24- hour telephone number of one or more responsible adults who will be in chargeof and responsible for the fireworks stand during the period fireworks are sold, displayed, or storedat such location. c. Written permission from the owner of record and/or lessor and/or management company of the property upon which said fireworks stand is proposed to be located.
d. Proof of the applicant' s statusasa Qualified Organization. e. Date when the applicant was organized and established. f. The names and addresses of the officers, if any, of the applicant. g. The name, address, and California StateFire Marshal's license number of any wholesaler or distributor from whom the Qualified Organization proposes to purchasefor resale.
h. The manner, method, and times regarding how the applicant proposes to sell Safe and Sane Fireworks.
i. A copy of the requisite retail salesPermit issuedby the Office of the California State Fire Marshal.
j. Copy of a City of Orangebusinesslicense.
k. Evidence of a temporary salestax Permit from the California State Board of Equalization.

This shall be not be construed asto limit the City from requesting additional information to effectuatethe intent andpurposesof this Resolution and OrangeMunicipal Code Chapter 8.13.

SECTION 4:

Permitteesshall provide certificates of insuranceevidencing the following minimum limits with a California admitted carrier with a current A. M. Best's rating of no lessthan anA.

A. General Liability: $ 1,000,000 per occurrence for bodily injury, personal injury, and property damage. If Commercial General Liability Insurance or other form with a generalaggregatelimit is used, either the general aggregatelimit shall apply separately to this project/location or the general aggregate limit shall be twice the required occurrence limit. The City of Orange its officers, elected or appointed officials, 3 389
employees, agents and volunteers must be named as certificate holder and as additional insured by separateattachedendorsement.

B. Any deductibles, self-insured retentions, or similar forms of coverage limitations or modifications must be declaredto and approvedby the City.

C. Permittee shall include all sub-Permitteesor subcontractors, if any, asinsured under its policiesor shallfurnishseparatecertificatesandendorsementsfor eachsub-Permittees or subcontractors. All coverage for sub- Permittees shall be subject to all of the requirements stated herein.

SECTION 5:

Permitteesagree, asa conditionof receivinga Permit, to protect, defend, indemnify, and hold harmless, the City, the City Council, the City' s officers, elected or appointed officials, employees, agents, andvolunteers from and againstany andall claims, damages,losses,expenses, judgments, demands, anddefensecosts, howevercaused, resultingfrom deathor injury and/or damageto property, arising directly or indirectly out of the obligations or operations undertaken by Permitteeby virtue of thePermitissuance, causedin wholeor in partby anyactor omissionof the Permittee, any subcontractors, anyone directly or indirectly employed, volunteers, or anyone for whose acts any of them may be liable, including but not limited to, concurrent active negligence, exceptwhere causedby the sole active negligence orrwillful misconduct of the City.

In the event of aninjury, claim, lawsuit, or any other dispute,the Permitteewill conduct all legal defensesto those injuries, claims, lawsuits, or any other disputes, including the defenseof the City if applicable, at its sole cost and expense, and at no cost or expenseto the City.

The City shall approve selection of Permittee's counsel. This defense and indemnity obligation shall apply to all claims and liability regardlessof whether any defensesand insurance policies are applicable. The policy limits do not act as a limitation upon the indemnification to be provided by Permittee.

SECTION 6:

Pursuant to Section 12635. 5 of the Health and Safety Code, the City will require each applicant receiving a Permit to pay a feeto the City apro rata portion of the actual and reasonable coststhe City incurred that is related to any of the following:
1) Processingand issuing Permits.
2) Inspection of fireworks stands.
3) Public education and awarenesscampaignsregarding the safe and responsibleuse of safe and sanefireworks, and the dangers and risks posedby the use of illegal fireworks.
4 390
4) Enforcing the provisions of the code of the City with respectto the sale and use of safe and sane fireworks, including extra personnel time and cleanup of the fireworks trash and debris. " Extra personnel time" means employee or contracted employee time that the City would not otherwise incur but for the sale and use of safe and sane fireworks.
5) Fire operation and suppression efforts that are directly related to safe and sane fireworks.

Costsshallbe allocatedamongPermitteesin proportionto grosssalesasshownon each Permittee's salesandusetax return for the applicable period.

The pro rata shareof costs shall not exceed 7 percent of the gross salesof the fireworks sold in the City during the applicable period. The fee will be calculated annually and due September 2nd
SECTION 7:

The City Council hereby determinesthat the adoptions of MeasureAA, Resolution 11593, this resolution, and Ordinance No. 01- 25 are exempt from review under the California Environmental Quality Act becauseallowing and regulating safe and sanefireworks salesin the City on the Fourth of July cannot be expectedto have a significant environmental effect because such sales already occur without compliance with law or regulation to ensurethe public health, safety and welfare, and therefore this project regulates existing activity for the protection of the environment and other public values rather than allowing wholly new activity. Therefore, these provisions of the State CEQA Guidelines apply: section 15061( b)( 3) — the " common sense" exception, section 15305— the categorical exemption for minor alterations to land use limitations, and section 15308 — the categorical exemption for actions by regulatory agenciesto protect the environment.

ADOPTED this 11thday of February, 2025
aniel R. Slater, Mayor, City of Orange
ATTEST:
a/A44126( 401—e.frne
PamelaColeman, City Clerk, City of Orange
5 391
APPROVED AS TO FORM:

AcV)(
16V\
Vigliotta, City Attorney, City of Orange
tJ hck tclOJ(1' an - f c hike VV:
5Iio1Fa

STATE OF CALIFORNIA )

COUNTY OF ORANGE )

CITY OF ORANGE
I, PAMELA COLEMAN, City Clerk of theCity of Orange, California, do herebycertify' that the foregoingResolutionwasduly andregularlyadoptedby the City Councilof the City of Orangeat a regular meeting thereof held on the 11th.day of February 2025 by the following vote:.

AYES: COUNCILMEMBERS: Bilodeau, Dumitru, Tavoularis, Gyllenhammer, Slater
NOES:. COUNCILMEMBER • ' os
ABSENT: ' COUNCILMEMB S: Gutierr z
PamelaColeman, City Clerk, City of Orange
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Attachment 2
List of Qualified Organizations

List Number

Name of Organization(s)
1* Orange Elks Lodge #1475 / Building Association (Historical) Benevolent and Protective Order, Elks Building
2 North Sunrise Little League
3 St. Paul's Lutheran Church and School
4 American Legion Post 132 (Orange Post 132)
5 The Supreme Emblem Club of The United States of America 6* McPherson Magnet School PTSA / McPherson Education Foundation 7 Carter-Drenner-Kalms Foundation, Inc.
8 Salem Lutheran Church & School
9 Hub for Integration, Reentry & Employment
10 Spirit and Truth Worship Center
11 Orange International Street Fair, Inc.
12 House of Mercy
13 Journey to Hope Ministries
14 A Quarter Blue
15 Orange Chiefs Football & Cheer
16 Orange Unified Public Schools Foundation
17 The Hub OC
18 Love Orange
19 Rest EZZZ Foundation
20 Orange Plaza Rotary Club
21 Olive Pony Baseball
22 Father JJ Juba Council 4922 Knights of Columbus
23 Bethel 337 Orange Job's Daughters International
24 Scepter Chapter #163 Order of the Easter Star
25 Orange County Friends of Music
26 Fletcher Elementary PTSA

*Entrants numbers 1 and 6 above represent combined applications for organizations that were deemed to be affiliated with the same nonprofit and/or educational institutions.

These applicants would have been independently considered Qualified Organizations if not for multiple affiliate status and we re therefore given the opportunity to combine their applications in lieu of having their applications disregarded. Each of these applying organizations accepted the offer to have their applications combined. 393
Agenda Item
City Council
Item #: 9.2. 5/13/2025 File #: 25-0244
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
Expansion of Permit Parking Area “AA”to include both sides of E. Avenida Palmar from west City limits to N. Thora Street and both sides of N. Sandpiper Circle, and establishment of Permit Parking Area “AB,”to be comprised of both sides of N. Mallard Street from E. Locust Avenue to E. Jackson Avenue. Resolution Nos. 11606, 11607, or 11608.

2. SUMMARY
Staff received three requests for permit parking. All three requests were processed in accordance with the City’sNeighborhood Permit Parking Program, adequately supported by the affected property owners, and approved by the City Traffic Commission. If approved, E. Avenida Palmar and N.

Sandpiper Circle will be added the existing Permit Parking Area “AA”and N. Mallard Street, from E.

Locust Avenue to E. Jackson Avenue, will establish Permit Parking Area “AB.”

3. RECOMMENDED ACTION
Approve one of the following options: Option 1, 2 OR 3.

1. Option 1. Approve permit parking on E. Avenida Palmar, N. Sandpiper Circle and N. Mallard Street and adopt Resolution No. 11606. A Resolution of the City Council of the City of Orange adopting a revised master resolution of designated permit parking areas and established permit parking opportunity areas within the City of Orange.

2. Option 2. Approve permit parking on E. Avenida Palmar and N. Sandpiper Circle only and adopt Resolution No. 11607. A Resolution of the City Council of the City of Orange adopting a revised master resolution of designated permit parking areas and established permit parking opportunity areas within the City of Orange.

3. Option 3. Approve permit parking on N. Mallard Street only and adopt Resolution No. 11608. A Resolution of the City Council of the City of Orange adopting a revised master resolution of designated permit parking areas and established permit parking opportunity areas within the City of Orange.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
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6. DISCUSSION AND BACKGROUND
The City’s Neighborhood Permit Parking Program (NPPP) provides a mechanism for protecting residential streets from external parking overflow when certain criteria are satisfied. To initiate the NPPP process, a property owner on an affected and eligible street must submit a written request identifying the streets and boundaries for permit parking as well as days and times where demand for on-street parking is the highest. City staff will review the proposed streets for eligibility for incorporation into the permit parking program. Once reviewed, staff will conduct a parking occupancy study on eligible streets. A street must have a minimum 75% parking occupancy and 75% property owner support via a petition process. If these criteria are met, staff will present the proposed permit parking boundaries to City Traffic Commission (CTC) for initial review and City Council for final approval.

This report presents requests for permit parking in two separate sets of streets (areas), which must be adopted by resolution. Because only one permit parking resolution may be adopted at any given City Council meeting, the two areas are combined into a single agenda item, with the recommended action formatted in such a way to give the City Council the option to approve permit parking in any one or both areas.

Permit Parking on E. Avenida Palmar and N. Sandpiper Circle Staff received written requests for permit parking to be implemented on several streets in the neighborhood of E. Avenida Palmar and N. Sandpiper Circle. Of those streets, only E. Avenida Palmar, from west City limits to N. Thora Street, and Sandpiper Circle met the objectives and criteria of the City’sNPPP for permit parking consideration. Staff mapped the number of legal parking spaces for each of the streets and conducted parking occupancy studies during hours of highest demand identified by the proponents. Both E. Avenida Palmar and N. Sandpiper Circle exceeded the 75% minimum level of parking occupancy, with an average parking occupancy of 76% and 75%, respectively. Subsequently, staff mailed petitions to affect property owners. The results of petition process for E. Avenida Palmar indicate that 88% of property owners are in favor of permit parking, 0% were opposed, and 12% did not respond. On N. Sandpiper Circle, 75% of property owners were in favor of permit parking, 0% were opposed, and 25% did not respond. Because the support on each street exceeded the 75% stipulated in the NPPP, staff supports, and the CTC recommends implementation of permit parking on the aforementioned streets. If approved, E. Avenida Palmar, from west City limits to N. Thora Street, and both sides of N. Sandpiper Circle would be added to existing Permit Parking Area “AA”,as shown in Attachment 4. Permit Parking Area “AA”was established in December 2023. The requests for permit parking on Avenida Palmar and Sandpiper Circle were made less than one year from implementation of permit parking in Area “AA.” One of the requests for permit parking was made by a resident of Thora Street, and also included Renee Street. While Renee Street satisfied the parking occupancy requirement (average occupancy of 97%,) it was not included in the petition process or recommended to CTC for the following reasons:
· Permitting Renee Street would not meet a key NPPP objective of providing reasonably convenient parking opportunities for residents that otherwise would not have access to such.

Both properties in Orange that front the street would have adequate parking without designating it parking-by-permit only.
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mechanism for resolving.
· The street is already heavily parked to the extent that permitting nearby streets would not be expected to displace any additional vehicles onto Renee.

Notwithstanding the above, a resident/business owner on a property taking access onto Renee street spoke under public comments at the CTC meeting, requesting that Renee Street be considered as part of the permit parking approval. The resident has also subsequently submitted a letter to the CTC requesting same, a copy of which is provided as Attachment 11 for the City Council’s reference.

Permit Parking on N. Mallard Street
Staff received a written request for permit parking to be implemented on several streets in the area of N. Mallard Street. Of those streets, only N. Mallard Street, from E. Locust Avenue to E. Jackson Avenue, met the objectives and criteria of the City’sNPPP for permit parking consideration. Staff mapped the number of legal parking spaces for the street and conducted parking occupancy studies during hours of highest demand identified by the proponent. N. Mallard Street exceeded the 75% minimum level of parking occupancy, with an average parking occupancy of 79%. Subsequently, staff mailed petitions to affected property owners. The results of the petition process for N. Mallard Street indicate that 85% of property owners are in favor of permit parking, 7% are opposed, and 7% did not respond. Because the support on each street exceeded the 75% stipulated in the NPPP, staff supports, and the CTC recommends implementation of permit parking. If approved, N. Mallard Street, from E. Locust Avenue to E. Jackson Avenue, would establish Permit Parking Area “AB”.

Based on the above, three options are presented for City Council’s consideration:
· Option 1 approves permit parking on E. Avenida Palmar, N. Sandpiper Circle and N. Mallard Street; and
· Option 2 approves permit parking only on E. Avenida Palmar and N. Sandpiper Circle; and · Option 3 approves permit parking only on N. Mallard Street.

It should be noted that property owners of any street adjacent experiencing spillover may request to initiate permit parking within a year without having to pay the application fee. Parking occupancy, petition thresholds, and other requirements in effect at the time would still apply. Furthermore, permit parking does not supersede other parking restrictions such as street sweeping. Participation in the permit program is voluntary. However, any vehicle parking on the street without a permit after implementation is subject to citation.

7. ATTACHMENTS
· Attachment 1 Resolution No. 11606 (Option 1)
· Attachment 2 Resolution No. 11607 (Option 2)
· Attachment 3 Resolution No. 11608 (Option 3)
· Attachment 4 E. Avenida Palmar and N. Sandpiper Circle Activation Map · Attachment 5 N. Mallard Street Activation Map
· Attachment 6 City Traffic Commission Staff Report April 9, 2025 (Avenida Palmar and City of Orange Printed on 5/7/2025Page 3 of 4
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Item #: 9.2. 5/13/2025 File #: 25-0244
· Attachment 6 City Traffic Commission Staff Report April 9, 2025 (Avenida Palmar and Sandpiper Circle)
· Attachment 7 City Traffic Commission Staff Report April 9, 2025 (Mallard Street) · Attachment 8 Draft City Traffic Commission Minutes April 9, 2025 · Attachment 9 Notification Letter Avenida Palmar and Sandpiper Circle · Attachment 10 Notification Letter Mallard Street
· Attachment 11 Letter to CTC Requesting Permit Parking on Renee Street City of Orange Printed on 5/7/2025Page 4 of 4
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Agenda Item
City Council
Item #: 9.2. 5/13/2025 File #: 25-0244
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
Expansion of Permit Parking Area “AA”to include both sides of E. Avenida Palmar from west City limits to N. Thora Street and both sides of N. Sandpiper Circle, and establishment of Permit Parking Area “AB,”to be comprised of both sides of N. Mallard Street from E. Locust Avenue to E. Jackson Avenue. Resolution Nos. 11606, 11607, or 11608.

2. SUMMARY
Staff received three requests for permit parking. All three requests were processed in accordance with the City’sNeighborhood Permit Parking Program, adequately supported by the affected property owners, and approved by the City Traffic Commission. If approved, E. Avenida Palmar and N.

Sandpiper Circle will be added the existing Permit Parking Area “AA”and N. Mallard Street, from E.

Locust Avenue to E. Jackson Avenue, will establish Permit Parking Area “AB.”

3. RECOMMENDED ACTION
Approve one of the following options: Option 1, 2 OR 3.

1. Option 1. Approve permit parking on E. Avenida Palmar, N. Sandpiper Circle and N. Mallard Street and adopt Resolution No. 11606. A Resolution of the City Council of the City of Orange adopting a revised master resolution of designated permit parking areas and established permit parking opportunity areas within the City of Orange.

2. Option 2. Approve permit parking on E. Avenida Palmar and N. Sandpiper Circle only and adopt Resolution No. 11607. A Resolution of the City Council of the City of Orange adopting a revised master resolution of designated permit parking areas and established permit parking opportunity areas within the City of Orange.

3. Option 3. Approve permit parking on N. Mallard Street only and adopt Resolution No. 11608. A Resolution of the City Council of the City of Orange adopting a revised master resolution of designated permit parking areas and established permit parking opportunity areas within the City of Orange.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology City of Orange Printed on 5/7/2025Page 1 of 4
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6. DISCUSSION AND BACKGROUND
The City’s Neighborhood Permit Parking Program (NPPP) provides a mechanism for protecting residential streets from external parking overflow when certain criteria are satisfied. To initiate the NPPP process, a property owner on an affected and eligible street must submit a written request identifying the streets and boundaries for permit parking as well as days and times where demand for on-street parking is the highest. City staff will review the proposed streets for eligibility for incorporation into the permit parking program. Once reviewed, staff will conduct a parking occupancy study on eligible streets. A street must have a minimum 75% parking occupancy and 75% property owner support via a petition process. If these criteria are met, staff will present the proposed permit parking boundaries to City Traffic Commission (CTC) for initial review and City Council for final approval.

This report presents requests for permit parking in two separate sets of streets (areas), which must be adopted by resolution. Because only one permit parking resolution may be adopted at any given City Council meeting, the two areas are combined into a single agenda item, with the recommended action formatted in such a way to give the City Council the option to approve permit parking in any one or both areas.

Permit Parking on E. Avenida Palmar and N. Sandpiper Circle Staff received written requests for permit parking to be implemented on several streets in the neighborhood of E. Avenida Palmar and N. Sandpiper Circle. Of those streets, only E. Avenida Palmar, from west City limits to N. Thora Street, and Sandpiper Circle met the objectives and criteria of the City’sNPPP for permit parking consideration. Staff mapped the number of legal parking spaces for each of the streets and conducted parking occupancy studies during hours of highest demand identified by the proponents. Both E. Avenida Palmar and N. Sandpiper Circle exceeded the 75% minimum level of parking occupancy, with an average parking occupancy of 76% and 75%, respectively. Subsequently, staff mailed petitions to affect property owners. The results of petition process for E. Avenida Palmar indicate that 88% of property owners are in favor of permit parking, 0% were opposed, and 12% did not respond. On N. Sandpiper Circle, 75% of property owners were in favor of permit parking, 0% were opposed, and 25% did not respond. Because the support on each street exceeded the 75% stipulated in the NPPP, staff supports, and the CTC recommends implementation of permit parking on the aforementioned streets. If approved, E. Avenida Palmar, from west City limits to N. Thora Street, and both sides of N. Sandpiper Circle would be added to existing Permit Parking Area “AA”,as shown in Attachment 4. Permit Parking Area “AA”was established in December 2023. The requests for permit parking on Avenida Palmar and Sandpiper Circle were made less than one year from implementation of permit parking in Area “AA.” One of the requests for permit parking was made by a resident of Thora Street, and also included Renee Street. While Renee Street satisfied the parking occupancy requirement (average occupancy of 97%,) it was not included in the petition process or recommended to CTC for the following reasons:
· Permitting Renee Street would not meet a key NPPP objective of providing reasonably convenient parking opportunities for residents that otherwise would not have access to such.

Both properties in Orange that front the street would have adequate parking without designating it parking-by-permit only.
· Many of the concerns being expressed are over red curb violations and public nuisance activities, both of which are enforcement matters that permit parking is not the appropriate City of Orange Printed on 5/7/2025Page 2 of 4
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Item #: 9.2. 5/13/2025 File #: 25-0244
mechanism for resolving.
· The street is already heavily parked to the extent that permitting nearby streets would not be expected to displace any additional vehicles onto Renee.

Notwithstanding the above, a resident/business owner on a property taking access onto Renee street spoke under public comments at the CTC meeting, requesting that Renee Street be considered as part of the permit parking approval. The resident has also subsequently submitted a letter to the CTC requesting same, a copy of which is provided as Attachment 11 for the City Council’s reference.

Permit Parking on N. Mallard Street
Staff received a written request for permit parking to be implemented on several streets in the area of N. Mallard Street. Of those streets, only N. Mallard Street, from E. Locust Avenue to E. Jackson Avenue, met the objectives and criteria of the City’sNPPP for permit parking consideration. Staff mapped the number of legal parking spaces for the street and conducted parking occupancy studies during hours of highest demand identified by the proponent. N. Mallard Street exceeded the 75% minimum level of parking occupancy, with an average parking occupancy of 79%. Subsequently, staff mailed petitions to affected property owners. The results of the petition process for N. Mallard Street indicate that 85% of property owners are in favor of permit parking, 7% are opposed, and 7% did not respond. Because the support on each street exceeded the 75% stipulated in the NPPP, staff supports, and the CTC recommends implementation of permit parking. If approved, N. Mallard Street, from E. Locust Avenue to E. Jackson Avenue, would establish Permit Parking Area “AB”.

Based on the above, three options are presented for City Council’s consideration:
· Option 1 approves permit parking on E. Avenida Palmar, N. Sandpiper Circle and N. Mallard Street; and
· Option 2 approves permit parking only on E. Avenida Palmar and N. Sandpiper Circle; and · Option 3 approves permit parking only on N. Mallard Street.

It should be noted that property owners of any street adjacent experiencing spillover may request to initiate permit parking within a year without having to pay the application fee. Parking occupancy, petition thresholds, and other requirements in effect at the time would still apply. Furthermore, permit parking does not supersede other parking restrictions such as street sweeping. Participation in the permit program is voluntary. However, any vehicle parking on the street without a permit after implementation is subject to citation.

7. ATTACHMENTS
· Attachment 1 Resolution No. 11606 (Option 1)
· Attachment 2 Resolution No. 11607 (Option 2)
· Attachment 3 Resolution No. 11608 (Option 3)
· Attachment 4 E. Avenida Palmar and N. Sandpiper Circle Activation Map · Attachment 5 N. Mallard Street Activation Map
· Attachment 6 City Traffic Commission Staff Report April 9, 2025 (Avenida Palmar and City of Orange Printed on 5/7/2025Page 3 of 4
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Item #: 9.2. 5/13/2025 File #: 25-0244
· Attachment 6 City Traffic Commission Staff Report April 9, 2025 (Avenida Palmar and Sandpiper Circle)
· Attachment 7 City Traffic Commission Staff Report April 9, 2025 (Mallard Street) · Attachment 8 Draft City Traffic Commission Minutes April 9, 2025 · Attachment 9 Notification Letter Avenida Palmar and Sandpiper Circle · Attachment 10 Notification Letter Mallard Street
· Attachment 11 Letter to CTC Requesting Permit Parking on Renee Street City of Orange Printed on 5/7/2025Page 4 of 4
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RESOLUTION NO. 11606

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF ORANGE ADOPTING A REVISED MASTER

RESOLUTION OF DESIGNATED PERMIT PARKING

AREAS AND ESTABLISHED PERMIT PARKING

OPPORTUNITY AREAS WITHIN THE CITY OF
ORANGE

WHEREAS, pursuant to California Vehicle Code Section 22507, local authorities may generally prohibit or restrict the stopping, parking, or standing of vehicles on certain streets or highways, or portions thereof, during all or certain hours of the day; and

WHEREAS, local authorities may also include a designation of certain streets upon which preferential parking privileges are established with a permit or permits that exempt them from the prohibition or restriction of the ordinance or resolution; and

WHEREAS, pursuant to the authority provided by the California Vehicle Code, the City Council of the City of Orange codified Chapter 10.30 of the Orange Municipal Code generally establishing parking requirements for the City of Orange; and

WHEREAS, Sections 10.30.010 and 10.30.020 specifically establishes the Neighborhood Parking Permit Program designating portions of certain public streets for permit-parking and explicitly authorizes the City Council of the City of Orange to add, remove or modify designated areas within the Neighborhood Parking Permit Program by resolution; and

WHEREAS, the creation of a “Master Resolution” containing all the permit parking areas in a single document eliminates the need to potentially revise multiple resolutions when an area is added, deleted, or modified within the Neighborhood Parking Permit Program; and

WHEREAS, the City Council of the City of Orange most recently adopted said Master Resolution on January 28, 2025 (Resolution No. 11595), containing a list of all permit parking areas within the City; and

WHEREAS, staff now recommends adding additional streets in the Neighborhood Permit Parking Program; and

WHEREAS, staff recommends adjustments to descriptions of Neighborhood Permit Parking Program Area “S” and Area “T” to be consistent with signage installed in the field and available records; and

WHEREAS, accordingly, the City Council desires to rescind Resolution No. 11595 and replace it with a revised Resolution;

NOW, THEREFORE, BE IT RESOLVED , by the City Council of the City of Orange does resolve as follows:
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2 SECTION I:

That Resolution No. 11595, adopted January 28 , 202 5, is hereby rescinded, effective immediately upon the date of the adoption of Resolution No. 11606.

SECTION II:

The following streets be added to the Neighborhood Permit Parking Program Area “AA”:

Both sides of E. Avenida Palmar, from west City limits to N. Thora Street.

Both sides of N. Sandpiper Circle.

The following streets be added to the Neighborhood Permit Parking Program Area “AB”:

Both sides of N. Mallard Street, from 985 N. Mallard Street to E. Jackson Avenue.

SECTION III:

That the Master Resolution of Permit Parking Area for the Neighborhood Permit Parking Program attached hereto as Exhibit s “A”, Exhibit “B”, Exhibit “C”, Exhibit “D”, Exhibit “E”, Exhibit “F”, Exhibit “G”, Exhibit “H” and Exhibit “I” are hereby adopted.

ADOPTED this day of , 2025

Daniel R. Slater, Mayor, City of Orange

ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Wayne W. Winthers, Interim City Attorney, City of Orange

403
3 I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the day of , 202 5 by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

ABSTAIN: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange
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Exhibit A

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EXHIBIT A

The following areas are all areas that have been designated by the City Council for inclusion in the Neighborhood Permit Parking Program and are subject to Chapter 10.30 of the Orange Municipal Code. Any additions or deletions to the Neighborhood Permit Parking Program shall be made by amending this Master Resolution.

CHAPMAN UNIVERSITY NEIGHBORHOOD PERMIT PARKING AREA “A”

1. Both sides of Center St. from Walnut Ave. to the southern terminus of Center St. adjacent to residential land uses.

2. Both sides of Cleveland St. from Palm Ave. to Sycamore Ave.

3. East side of Cypress St. from Maple Ave. to the southern property line of 171 North Cypress St.

4. Both sides of Cypress St. from Walnut Ave. to Sycamore Ave.

5. Both sides of Everett Pl. from Shaffer St. to Glassell St.

6. Both sides of Glassell St. from Walnut Ave. to Rose Ave.

7. East side of Grand St. from the southern property line of 127 N Grand Street to the northern property line of 147 North Grand St.

8. Both sides of Grand St. from Palm Ave. to the southern property line of 183 N Grand St. adjacent to residential land uses.

9. Both sides of Grand St. from Mayfair Ave. to Walnut Ave. adjacent to residential land uses.

10. Both sides of Harwood St. from Palm Ave. to the northern terminus of Harwood St.

11. Both sides of Jefferson Ave. from Harwood St. to Shaffer St.

12. East side of Lemon St. from Maple Ave. to the southern property line of 149 North Lemon St.

13. Both sides of Lemon St. from Palm Ave. to Walnut Ave. adjacent to residential land uses.

14. Both sides of Maple Ave. from Cleveland St. to Orange St. adjacent to residential land uses.

15. North side of Maple Ave. from Olive St. to the eastern property line of 115 East Maple Ave.

16. Both sides of Mayfair Ave. from Shaffer St. to Glassell St.

17. Both sides of Olive St. from Maple Ave. to the northern terminus of Olive St. adjacent to residential land uses.

18. Both sides of Olive St. from Sycamore Ave. to Walnut Ave.

19. Both sides of Orange St. from Maple Ave. to Palm Ave. adjacent to residential land uses.

20. Both sides of Orange St. from Walnut Ave. to the northern terminus of Orange St.

21. Both sides of Palm Ave. from Harwood St. to Glassell St. adjacent to residential land uses.

22. North side of Palm Ave. from Pine St. to Harwood St.

23. Both sides of Rose Ave. from Glassell St. to Grand St.

24. Both sides of Shaffer St. from Chapman Ave. to Walnut Ave. adjacent to residential land uses.

25. West side of Shaffer St. from Walnut Ave. to the northern property line of 516 North Shaffer St.

26. Both sides of Sycamore Ave. from Cambridge St. to Center St.

27. North side of Sycamore Ave. from Glassell St. to the western property line of 317 West Sycamore Ave. adjacent to residential land uses.

28. South side of Sycamore Ave. from the western property line of 314 West Sycamore Ave. to Lemon St.

29. Both sides of Walnut Ave. from Cambridge St. to Center St. adjacent to residential land uses. 405
Exhibit A

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AREA “B”

1. Both sides of Adams Ave. from Glassell St. to Grand St.

2. Both sides of Hoover Ave. from Glassell St. to Grand St.

3. Both sides of Quincy Ave. from Glassell St. to Grand St.

4. Both sides of Wilson Ave. from Glassell St. to Grand St.

AREA “C”

1. Both sides of Compton Ave. from Manchester Ave. to Lewis St.

2. East side of Lewis St. from the northerly property line at 4035 Compton Ave. to the southern property line of 119 N. Lewis St.

3. West side of Manchester Ave. from Sheringham Ave. to Compton Ave.

4. North side of Sheringham Ave. from Manchester Ave. to Windgap Dr.

5. South sides of Sheringham Ave. from Woodridge Cr. to Windgap Dr.

6. Both sides of Sunningdale Cr. from Compton Ave. south to include the cul-de-sac.

7. Both sides of Windgap Dr. from Compton Ave. south to include the cul-de-sac.

8. West side of Woodridge Cr. from Sheringham Ave. south to include the cul-de-sac.

9. East side of Woodridge Cr. from the northerly property line of 119 N. Woodridge Cr. south to include the cul-de-sac.

AREA “D”

1. Both sides of Dunas St. from Maple Ave. north to include the cul-de-sac.

2. Both sides of Maple Ave. from Prospect St. to Olympia Way.

3. Both sides of Olympia Way from Maple Ave. to Spring St.

4. Both sides of Shasta St. from Maple Ave. north to include the cul-de-sac.

5. Both sides of Vine Ave. from Olympia Way to its western terminus.

6. Both sides of First St. from Chapman Ave. north to include the cul-de-sac.

7. Both sides of Pearl Ave. from First St. to McPherson Rd.

8. East side of McPherson Rd. from 131 to 133 N. McPherson Rd.

AREA “E”

1. West side of Elm St. south of Sycamore Ave. to include the cul-de-sac.

AREA “F”
Permit Parking between the hours of 10:00 p.m. and 6:00 a.m.

1. Both sides of Almond Ave. from Prospect St. to Violet Ln.

2. Both sides of Kathleen St. from Chapman Ave. to Palmyra Ave.

3. Both sides of Palmyra Ave. from Craig Dr. to Prospect St.

4. East side of Prospect St. from Almond Ave. to Palmyra Ave.

5. Both sides of Violet Ln. from Almond Ave. to Palmyra Ave. 406
Exhibit A

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AREA “G”
Permit Parking between the hours of 10:00 p.m. and 6:00 a.m.

1. Both sides of Euclid Ave. from James St. to Seranado St.

2. Both sides of James St. from Sycamore Ave. to Euclid Ave.

3. Both sides of Palm Ave. from Swidler St. to Seranado St.

4. Both sides of Sycamore Ave. from Swidler St. to Seranado St.

5. Both sides of Seranado St. from Spring St. to Walnut Ave.

6. Both sides of Silverleaf Ave. from Thomas St. to Seranado St.

7. Both sides of Spring St. from Swidler St. to Seranado St.

8. Both sides of Swidler St. from Spring St. to Walnut Ave.

9. Both sides of Thomas St. from Sycamore Ave. to Silverleaf Ave.

10. Both sides of Walnut Ave. from Swidler St. to Seranado St.

AREA “H”

1. Both sides of Shaffer St. beginning 390 feet north of Katella Ave. and ending at Trenton Ave. (R-1 zoned single-family residences only.)

AREA “I”

1. Both sides of Almond Ave. from Prospect St. to Dunas St.

2. Both sides of Century Ave. from James St. to Thomas St.

3. Both sides of Craig Dr. 100 feet south of Roberta Dr. to Prospect St.

4. Both sides of Dunas St. from Palmyra Ave. to Almond Ave.

5. Both sides of James St. from Century Dr. to La Veta Ave.

6. North side of La Veta Ave. from Prospect St. to Dunas St.

7. Both sides of Merelet Ln. from Craig Dr. to include the cul-de-sac.

8. Both sides of Olympia Way from Palmyra Ave. to Almond Ave.

9. North side of Palmyra Ave. from Prospect St. to Thomas St.

10. Both sides of Ruth Pl. easterly of James St.

11. Both sides of Ruth Pl. from Prospect St. to Olympia Way.

12. Both sides of Shasta St. from Palmyra Ave. to Almond Ave.

13. Both sides of Thomas St. from Century Dr. to Palmyra Ave.

AREA “J”

1. Both sides of Binnacle Ave. from Jetty Dr. to its easterly terminus.

2. North side of Chapman Ave. from Jetty Dr. to 4537 W. Chapman Ave.

3. North side of Chapman Ave. frontage road from Jetty Dr. to cul-de-sac.

4. Both sides of Grant Pl. from Chapman Ave. northerly to include the cul-de-sac.

5. Both sides of Jetty Dr. from Chapman Ave. to Sirius Ave.

6. West side of Lewis St. from Sirius Ave. to Simmons Ave.

7. South side of Simmons Ave. from Lewis St. to Spinnaker St.

8. Both sides of Sirius Ave. from Lewis St. to Jetty Dr.

9. Both sides of Spinnaker St. from Binnacle Ave. to Simmons Ave. 407
Exhibit A

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10. Both sides of Stay Court easterly of Jetty Dr.

11. Both sides of Tiller Ave. from Lewis St. to Spinnaker St.

AREA “K”

1. Both sides of the 2700 block of E. Bennett Ave.

2. Both sides of the 2700 block of E. Killingsworth Ave.

3. Both sides of the 100-200 blocks of N. Malena Dr.

4. Both sides of the 2700 block of E. Sherman Ave.

5. Both sides of the 100-200 blocks of N. Wheeler St.

AREA “L”

1. Both sides of Jacaranda Ave. from Morgan St. to Mallard St.

2. Both sides of Juniper Ave. from Morgan St. to Mallard St.

3. Both sides of Mallard St. from Collins Ave. northerly to 985 N. Mallard St.

4. Both sides of Morgan St. from Collins Ave. northerly to 986 N. Morgan St.

AREA “M”

1. Both sides of Citrus St. from Almond Ave. to the southerly commercial property lines south of Chapman Ave.

AREA “N”

1. West side of Bedford Rd. from La Veta Ave. to Bronson Ave.

AREA “O”

1. North side of Spring St. from Hewes St. to Earlham St.

AREA “P”

1. Both sides of the 1000 block of Gardner Dr.

2. Both sides of the 1000 block of Greengrove St.

3. Both sides of Monroe Ave. from California St. to Lincoln St.

4. Both sides of Quincy Ave. from California St. to Lincoln St.

5. Both sides of Lincoln St. between Adams Ave. and Wilson Ave. including the cul-de-sac.

6. West side of Lincoln St. from 990 N. Lincoln St. to Adams Ave.

7. East side of Lincoln St. from 1073 N. Lincoln St. to Adams Ave.

8. Both sides of Adams Ave. between Lincoln St. and California St.

AREA “Q”

1. Both sides of the 8500 block of Biscayne Way.

2. Both sides of the 8500 block of Deershire Ct.

3. Both sides of the 200 block of Fairfield Ln.

4. Both sides of the 200 block of Firenza Way.

5. Both sides of the 8500 block of Heatherview Ln.
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Exhibit A

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AREA “R”

1. Both sides of San Luis Dr. from 7821 (north side) to Santa Cruz Ave., and from 7816 (south side) to the beginning of 8132.

2. 8102 and 8110 Santa Cruz Ave. (south side).

3. Both sides of Santa Maria St. between San Luis Dr. and Santa Cruz Ave.

AREA “S”

1. Both sides of Poplar St. between Maple Ave. and the cul-de-sac.

2. North side of Maple Ave. between Stevens St. and 1949 W. Maple Ave.

3. South side of Maple Ave. from Stevens St. to 2010 W. Maple Ave.

4. Both sides of Eckhoff St. between 130-283 N. Eckhoff St. except the following spaces:
• Four spaces on the east side of Eckhoff St. from the southerly limit to W. Arbor Way (approximately 110 feet).
• Five spaces on the east side of Eckhoff St. from 45 feet north of W. Arbor Way end of curb return to Maple Ave. (approximately 140 feet. It allows one parking space to remain in the permit parking program just north of the driveway at 2037 W. Arbor Way for visibility).
• Three spaces on the east side of Eckhoff St. north of Willow Ave. to the northerly limit (approximately 70 feet).
• Two spaces on the east side of Eckhoff St. from the existing red curb north of Maple Ave. to the driveway south of 206 N. Eckhoff St.

AREA “T”

1. Both sides of Cully Dr. from the westerly property lines of 861 and 864 W. Cully Dr. to the cul-de-sac.

AREA “U”

1. Both sides of Waverly St. from the northerly property lines of 133 and 138 S. Waverly St. to Almond Ave.

AREA “V”

1. The south side of E. Rose Ave. from 1932/1934 to N. Highland St.

2. Both sides of N. Highland St. from E. Rose Ave. to E. Barkley Ave.

3. Both sides of E. Mayfair Ave. from 1740 E. Mayfair Ave. to N. Highland St.

4. The south side of E. Lomita Ave. from 1734/1736 to N. Highland St.

5. The north side of E. Lomita Ave. from 1901 to N. Highland St.

6. Both sides of E. Barkley Ave. from the cul-de-sac to N. Highland St.

7. Both sides of the cul-de-sacs of N. Victoria Dr., N. Russell Dr., and N. Shirley Dr., north of E.

Mayfair Ave.

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Exhibit A

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AREA “W”

1. Both sides of Madison Ave. from Wayfield St. to the cul-de-sac.

2. Both sides of Orange Grove Ave. from Wayfield St. to the westerly property lines of 1743/1744

3. E. Orange Grove Ave.

4. East side Wayfield St. between Orange Grove Ave. and the southerly property lines of 550/555 Wayfield St.

5. West side of Wayfield St. between Orange Grove Ave. and Madison Ave.

AREA “X”

1. South side of Collins Ave. from Hart St. to 2842 E. Collins Ave.

AREA “Y”

1. Both sides N. Citrus St. from Walnut Ave. to W. Sycamore Ave.

AREA “Z”

1. Both sides of Sycamore Ave. from Rancho Santiago Blvd. to Richard St.

2. Both sides Rancho Santiago Blvd. from the south city limits to Silverleaf Ave.

3. Both sides of Silverleaf Ave. from Rancho Santiago Blvd. to Richard St.

4. Both sides of Christine St. from Silverleaf Ave. to Sycamore Ave.

5. Both sides of Richard St. from Silverleaf Ave. to Sycamore Ave.

AREA “AA”

1. Both sides of Ryals Ln. from the West City limit to Bob White Way.

2. East side of Bob White Way between Ryals and Partridge Ln.

3. Both sides of the 200 Block of Renee St.

4. Both sides of Avenida Palmar, from west City limits to N. Thora St.

5. Both sides of Sandpiper Circle.

AREA “AB”

1. Both sides of Mallard Street, from 985 N. Mallard St. to Jackson Ave.

OPPORTUNITY AREA “1”

1. Both sides of Lilac Ln. from Culver Ave. to Orchard Ave.

2. Both sides of Plum Ln. from Culver Ave. to Orchard Ave.

3. Both sides of Orchard Ave. from Flower St. to the easterly terminus of the street.

4. Both sides of Bedford Rd. between Culver Ave. and La Veta Ave.

5. Both sides of Devon Rd. between Palmyra Ave. and Culver Ave. (permit parking between the hours 4:00p.m. and 9:00a.m.)

6. Both sides of Crest Rd. between Palmyra Ave. and Culver Ave.

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Exhibit A

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Opportunity Area “2”

1. Both sides of Fairway Dr. from Cambridge St. to Tustin St.

2. Both sides of Young Cir. south of Fairway Dr.

3. Both sides of Greenview Dr. south of Fairway Dr.

OPPORTUNITY AREA “3”

1. Wayfield St. between Palm Ave. and Walnut Ave.

2. Palm Ave. between Park Ln. and Wayfield St.

3. Park Ln. between Dana Pl. and Palm Ave.

4. Wayfield Cr. south of Palm Ave.

5. Both sides of Mount Vernon Ave. between Wayfield St. and Le May Ct.

6. Both sides of Park Ln. between Mount Vernon Ave. and Sycamore Ave.

7. Both sides of Martha Ave. east of Park Ln.

8. Both sides of Sycamore Ave. between Wayfield St. and Highland St.

9. Both sides of Highland St. between Sycamore Ave. and south terminus.

10. Both sides of Wayfield St. from Chapman Ave. north to include the cul-de-sac.

OPPORTUNITY AREA “4”

1. Both sides of Trenton Ave. from the westerly property lines of 331 E. Trenton Ave. and 1482 N.

Grant St. to Shaffer St.

2. Both sides of Trenton Ave., from Shaffer St to Cleveland St.

3. Both sides of Grant St. from Trenton Ave. to the cul-de sac.

OPPORTUNITY AREA “5”

1. Both sides of Greengrove St. from Meats Ave. to the southern terminus.

2. Both sides of Del Mar Ave. from Cambridge St. to Greengrove St.

3. South side of Meats Ave., from Cambridge St. to Greengrove St. 411
Exhibit B

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EXHIBIT B

The following are descriptions of preemptively established permit parking opportunity areas approved by the City Council and are subject to Chapter 10.30 of the Orange Municipal Code. Any additions or deletions to the Neighborhood Permit Parking Program shall be made by amending this Master Resolution.

CHAPMAN UNIVERSITY NEIGHBORHOOD PERMIT PARKING OPPORTUNITY AREA “A”
Generally bounded by Lomita Avenue to the north, Cypress Street to the west, Chapman Avenue to the south, and Cambridge Street to the east, as shown in Exhibit C.

OPPORTUNITY AREA “1”
To the north, Opportunity Area “1” is comprised of the area bounded by Sycamore Avenue. To the west, Opportunity Area “1” is comprised of the area bounded by, but does not include, the 57 Freeway.

To the south, Opportunity Area “1” is comprised of the area bounded by, but does not include, the 22 Freeway from the 57 Freeway to Bedford Road, and La Veta Avenue from Bedford Road to Main Street. To the east, Opportunity Area “1” is comprised of the area bounded by, and inclusive of, the east side of Bedford Ro ad from the 22 Freeway to La Veta Avenue; and bounded by, but does not include, Main Street from La Veta Avenue to Sycamore Avenue.

OPPORTUNITY AREA “2”
To the north, Opportunity Area “2” is comprised of the area bounded by, but does not include, the Santiago Creek Bike Trail. To the west, Opportunity Area “2” is comprised of the area bounded by, but does not include, Cambridge Street. To the south, Opport unity Area “2” is comprised of the area bounded by, but does not include, the 22 Freeway. To the east, Opportunity Area “2” is comprised of the area bounded by, but does not include, Tustin Street.

OPPORTUNITY AREA “3”
To the north, Opportunity Area “3” is comprised of the area bounded by, but does not include, the Walnut Avenue. To the west, Opportunity Area “3” is comprised of the area bounded by, and inclusive of, Wayfield Street from Walnut Avenue to Palm Avenue and Wayfield Street from Chapman Avenue to the northern terminus of Wayfield Street. To the south, Opportunity Area “2” is comprised of the area bounded by, but does not include, Chapman Avenue. To the east, Opportunity Area “2” is comprised of the area bounded by, but does not include, the 55 Freeway and Le May Court.

OPPORTUNITY AREA “4”
To the north, Opportunity Area “4” is comprised of the area bounded by, and inclusive of, Trenton Avenue. To the west, Opportunity Area “4” is comprised of the area bounded by the western property line of 331 East Trenton Avenue. To the south, Opportunity Area “4” is comprised of the area bounded by the prolongation of the southern property line of 1411 North Shaffer Street and 1412 North Shaffer Street. To the east, Opportunity Area “4” is comprised of the area bounded by, but does not include, Cambridge Street.

412
Exhibit B

Page 2 of 2 ends

OPPORTUNITY AREA “5”
To the north, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, the south side of Meats Avenue. To the west, Opportunity Area “5” is comprised of the area bounded by, but does not include, Cambridge Street. To the south, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, Del Mar Avenue and the southern terminus of Greengrove Street. To the east, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, Greengrove Street.

OPPORTUNITY AREA “6”
Opportunity Area “6” is generally bounded by Almond Avenue to the north, Cypress Street to the west, Palmyra Avenue to the south, and Shaffer Street to the east, as shown in Exhibit I. 413
414
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

Bitterbush Channel
SantaAnaRiver
W Maple Ave
N
Bitterbush
St
N
Flow
er
St
W Sycamore Ave
W SpruceAve
W Palm Ave
W Willow Ave
N
Ram
partSt
W Beverly Dr
W Cherry Dr
N
Donneybrooke
St
N
Holly
St
1D
1B
57 5 W Culver Ave
W Almond Ave
S
M
arks
W
ay
W Mills Dr
W Palmyra Ave
S Anita Dr
W La Veta Ave
W Chapman AveW Chapman Ave
1B
1A
1A
107A
105B
22 Fernw
ood
Dr Sherwood Ln
Col William
Eldridge Park
14D
W Palm Ave
W Maple Ave
N
CedarSt
N
Jew
ellPl
W Birch Ave
N
Ash
St
W Cherry Dr
El Camino Real
Park
Portola Middle
School
Far Horizons
Montessori
School
Sycamore
Elementary
School
W Culver Ave
W Almond Ave
S
Feldner
Rd
S
Alpine
Rd
S
Pepper
St
S
Devon
Rd
W Robin Rd
S
M
ain
St
W Chapman Ave
West Orange
Elementary
School
CHOC
Children's Main
Campus-Orange
St Joseph
Hospital
22 Main Place Dr
15 14B
OpArea1
S
E
N
Legend
NPPP Opportunity Area 1
Area E
Area N
Area S
Exhibit D

CITY OF ORANGE
Opportunity Area 1
415
416
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

N
M
aplew
ood
St
N
California
St
E Everett Pl
E Rose Ave
N
Fern
St
E Mayfair AveN
Lincoln
St
N
HartStN
Highland
St N
Elm
w
ood
St
55 55
S
Loretta
Dr
N
Clinton
St
E Palm Ave
N
W
ayfield
St
E Rose Ave
N
Fern
St
E Walnut Ave
E Walnut Ave
E Palmyra Ave
N
Lincoln
St
S
TeriLn
N
M
ilford
St
N
Sacram
ento
St
S
W
heelerPl
S
Yorba
St
N
O
ak
St
S
Lincoln
St
Burly Ave
N
Handy
St
E Chapman Ave
S
Tustin
St
N
Tustin
St
Yorba Park
V
K
OpArea3
W
U
Legend
NPPP Opportunity Area 3
Area K
Area U
Area V
Area W
Exhibit F

CITY OF ORANGE
Opportunity Area 3
417
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

SPRR
N
Cam
bridge
St
E Palmdale Ave
E Glendale Ave
N
Neville
St
E Taft AveW Taft Ave
Shaffer Park
Taft Elementary
School
SPRR
E Wilson Ave E Wilson Ave
N
Shaffer
St
Xtra
W
ay
N
Cam
bridge
St
N
G
rand
St
N
California
St
E Trenton Ave
E Barkley Ave
E Hoover Ave E Hoover Ave
E Adams Ave
E Adams Ave
N
Lem
on
St
E Chestnut Ave
E Vanowen Ave
E Collins Ave
N
G
lassellSt
E Katella Ave
W Collins Ave
W Katella Ave
Yorba Junior
High School
N
Lincoln
St
N
Lincoln
St
P
B
OpArea4
H
Legend
NPPP Opportunity Area 4
Area B
Area H
Area P
Exhibit G

CITY OF ORANGE
Opportunity Area 4
418
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

E Heim Ave
N
CanalSt
E Meats Ave
N
Cam
bridge
St
E Gr ove Ave
E Palmdale Ave
N
Bourbon
St
E Glendale Ave
E Glendora Ave
E Cumberland Rd
N
O
range
O
live
Rd
E Taft Ave
Shaffer Park
Taft Elementary
School
E Chestnut Ave
55 E Orangeview Ln
N
Bourbon
St
E Heim Ave
N
Highland
St
N
Lincoln
St
N
Tustin
St
The Village At
Orange
OpArea5
Legend
NPPP Opportunity Area 5
Exhibit H

CITY OF ORANGE
Opportunity Area 5
419
420
RESOLUTION NO. 11607

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF ORANGE ADOPTING A REVISED MASTER

RESOLUTION OF DESIGNATED PERMIT PARKING

AREAS AND ESTABLISHED PERMIT PARKING

OPPORTUNITY AREAS WITHIN THE CITY OF
ORANGE

WHEREAS, pursuant to California Vehicle Code Section 22507, local authorities may generally prohibit or restrict the stopping, parking, or standing of vehicles on certain streets or highways, or portions thereof, during all or certain hours of the day; and

WHEREAS, local authorities may also include a designation of certain streets upon which preferential parking privileges are established with a permit or permits that exempt them from the prohibition or restriction of the ordinance or resolution; and

WHEREAS, pursuant to the authority provided by the California Vehicle Code, the City Council of the City of Orange codified Chapter 10.30 of the Orange Municipal Code generally establishing parking requirements for the City of Orange; and

WHEREAS, Sections 10.30.010 and 10.30.020 specifically establishes the Neighborhood Parking Permit Program designating portions of certain public streets for permit-parking and explicitly authorizes the City Council of the City of Orange to add, remove or modify designated areas within the Neighborhood Parking Permit Program by resolution; and

WHEREAS, the creation of a “Master Resolution” containing all the permit parking areas in a single document eliminates the need to potentially revise multiple resolutions when an area is added, deleted, or modified within the Neighborhood Parking Permit Program; and

WHEREAS, the City Council of the City of Orange most recently adopted said Master Resolution on January 28, 2025 (Resolution No. 11595), containing a list of all permit parking areas within the City; and

WHEREAS, staff now recommends adding additional streets in the Neighborhood Permit Parking Program; and

WHEREAS, staff recommends adjustments to descriptions of Neighborhood Permit Parking Program Area “S” and Area “T” to be consistent with signage installed in the field and available records; and

WHEREAS, accordingly, the City Council desires to rescind Resolution No. 11595 and replace it with a revised Resolution;

NOW, THEREFORE, BE IT RESOLVED , by the City Council of the City of Orange does resolve as follows:
421
2 SECTION I:

That Resolution No. 11595, adopted January 28 , 202 5, is hereby rescinded, effective immediately upon the date of the adoption of Resolution No. 11607.

SECTION II:

The following streets be added to the Neighborhood Permit Parking Program Area “AA”:

Both sides of E. Avenida Palmar, from west City limits to N. Thora Street.

Both sides of N. Sandpiper Circle.

SECTION III:

That the Master Resolution of Permit Parking Area for the Neighborhood Permit Parking Program attached hereto as Exhibit s “A”, Exhibit “B”, Exhibit “C”, Exhibit “D”, Exhibit “E”, Exhibit “F”, Exhibit “G”, Exhibit “H” and Exhibit “I” are hereby adopted.

ADOPTED this day of , 2025

Daniel R. Slater, Mayor, City of Orange

ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Wayne W. Winthers
Interim City Attorney, City of Orange

422
3 I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the day of , 202 5 by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

ABSTAIN: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange
423
Exhibit A

Page 1 of 7 ends

EXHIBIT A

The following areas are all areas that have been designated by the City Council for inclusion in the Neighborhood Permit Parking Program and are subject to Chapter 10.30 of the Orange Municipal Code. Any additions or deletions to the Neighborhood Permit Parking Program shall be made by amending this Master Resolution.

CHAPMAN UNIVERSITY NEIGHBORHOOD PERMIT PARKING AREA “A”

1. Both sides of Center St. from Walnut Ave. to the southern terminus of Center St. adjacent to residential land uses.

2. Both sides of Cleveland St. from Palm Ave. to Sycamore Ave.

3. East side of Cypress St. from Maple Ave. to the southern property line of 171 North Cypress St.

4. Both sides of Cypress St. from Walnut Ave. to Sycamore Ave.

5. Both sides of Everett Pl. from Shaffer St. to Glassell St.

6. Both sides of Glassell St. from Walnut Ave. to Rose Ave.

7. East side of Grand St. from the southern property line of 127 N Grand Street to the northern property line of 147 North Grand St.

8. Both sides of Grand St. from Palm Ave. to the southern property line of 183 N Grand St. adjacent to residential land uses.

9. Both sides of Grand St. from Mayfair Ave. to Walnut Ave. adjacent to residential land uses.

10. Both sides of Harwood St. from Palm Ave. to the northern terminus of Harwood St.

11. Both sides of Jefferson Ave. from Harwood St. to Shaffer St.

12. East side of Lemon St. from Maple Ave. to the southern property line of 149 North Lemon St.

13. Both sides of Lemon St. from Palm Ave. to Walnut Ave. adjacent to residential land uses.

14. Both sides of Maple Ave. from Cleveland St. to Orange St. adjacent to residential land uses.

15. North side of Maple Ave. from Olive St. to the eastern property line of 115 East Maple Ave.

16. Both sides of Mayfair Ave. from Shaffer St. to Glassell St.

17. Both sides of Olive St. from Maple Ave. to the northern terminus of Olive St. adjacent to residential land uses.

18. Both sides of Olive St. from Sycamore Ave. to Walnut Ave.

19. Both sides of Orange St. from Maple Ave. to Palm Ave. adjacent to residential land uses.

20. Both sides of Orange St. from Walnut Ave. to the northern terminus of Orange St.

21. Both sides of Palm Ave. from Harwood St. to Glassell St. adjacent to residential land uses.

22. North side of Palm Ave. from Pine St. to Harwood St.

23. Both sides of Rose Ave. from Glassell St. to Grand St.

24. Both sides of Shaffer St. from Chapman Ave. to Walnut Ave. adjacent to residential land uses.

25. West side of Shaffer St. from Walnut Ave. to the northern property line of 516 North Shaffer St.

26. Both sides of Sycamore Ave. from Cambridge St. to Center St.

27. North side of Sycamore Ave. from Glassell St. to the western property line of 317 West Sycamore Ave. adjacent to residential land uses.

28. South side of Sycamore Ave. from the western property line of 314 West Sycamore Ave. to Lemon St.

29. Both sides of Walnut Ave. from Cambridge St. to Center St. adjacent to residential land uses. 424
Exhibit A

Page 2 of 7 ends

AREA “B”

1. Both sides of Adams Ave. from Glassell St. to Grand St.

2. Both sides of Hoover Ave. from Glassell St. to Grand St.

3. Both sides of Quincy Ave. from Glassell St. to Grand St.

4. Both sides of Wilson Ave. from Glassell St. to Grand St.

AREA “C”

1. Both sides of Compton Ave. from Manchester Ave. to Lewis St.

2. East side of Lewis St. from the northerly property line at 4035 Compton Ave. to the southern property line of 119 N. Lewis St.

3. West side of Manchester Ave. from Sheringham Ave. to Compton Ave.

4. North side of Sheringham Ave. from Manchester Ave. to Windgap Dr.

5. South sides of Sheringham Ave. from Woodridge Cr. to Windgap Dr.

6. Both sides of Sunningdale Cr. from Compton Ave. south to include the cul-de-sac.

7. Both sides of Windgap Dr. from Compton Ave. south to include the cul-de-sac.

8. West side of Woodridge Cr. from Sheringham Ave. south to include the cul-de-sac.

9. East side of Woodridge Cr. from the northerly property line of 119 N. Woodridge Cr. south to include the cul-de-sac.

AREA “D”

1. Both sides of Dunas St. from Maple Ave. north to include the cul-de-sac.

2. Both sides of Maple Ave. from Prospect St. to Olympia Way.

3. Both sides of Olympia Way from Maple Ave. to Spring St.

4. Both sides of Shasta St. from Maple Ave. north to include the cul-de-sac.

5. Both sides of Vine Ave. from Olympia Way to its western terminus.

6. Both sides of First St. from Chapman Ave. north to include the cul-de-sac.

7. Both sides of Pearl Ave. from First St. to McPherson Rd.

8. East side of McPherson Rd. from 131 to 133 N. McPherson Rd.

AREA “E”

1. West side of Elm St. south of Sycamore Ave. to include the cul-de-sac.

AREA “F”
Permit Parking between the hours of 10:00 p.m. and 6:00 a.m.

1. Both sides of Almond Ave. from Prospect St. to Violet Ln.

2. Both sides of Kathleen St. from Chapman Ave. to Palmyra Ave.

3. Both sides of Palmyra Ave. from Craig Dr. to Prospect St.

4. East side of Prospect St. from Almond Ave. to Palmyra Ave.

5. Both sides of Violet Ln. from Almond Ave. to Palmyra Ave. 425
Exhibit A

Page 3 of 7 ends

AREA “G”
Permit Parking between the hours of 10:00 p.m. and 6:00 a.m.

1. Both sides of Euclid Ave. from James St. to Seranado St.

2. Both sides of James St. from Sycamore Ave. to Euclid Ave.

3. Both sides of Palm Ave. from Swidler St. to Seranado St.

4. Both sides of Sycamore Ave. from Swidler St. to Seranado St.

5. Both sides of Seranado St. from Spring St. to Walnut Ave.

6. Both sides of Silverleaf Ave. from Thomas St. to Seranado St.

7. Both sides of Spring St. from Swidler St. to Seranado St.

8. Both sides of Swidler St. from Spring St. to Walnut Ave.

9. Both sides of Thomas St. from Sycamore Ave. to Silverleaf Ave.

10. Both sides of Walnut Ave. from Swidler St. to Seranado St.

AREA “H”

1. Both sides of Shaffer St. beginning 390 feet north of Katella Ave. and ending at Trenton Ave. (R-1 zoned single-family residences only.)

AREA “I”

1. Both sides of Almond Ave. from Prospect St. to Dunas St.

2. Both sides of Century Ave. from James St. to Thomas St.

3. Both sides of Craig Dr. 100 feet south of Roberta Dr. to Prospect St.

4. Both sides of Dunas St. from Palmyra Ave. to Almond Ave.

5. Both sides of James St. from Century Dr. to La Veta Ave.

6. North side of La Veta Ave. from Prospect St. to Dunas St.

7. Both sides of Merelet Ln. from Craig Dr. to include the cul-de-sac.

8. Both sides of Olympia Way from Palmyra Ave. to Almond Ave.

9. North side of Palmyra Ave. from Prospect St. to Thomas St.

10. Both sides of Ruth Pl. easterly of James St.

11. Both sides of Ruth Pl. from Prospect St. to Olympia Way.

12. Both sides of Shasta St. from Palmyra Ave. to Almond Ave.

13. Both sides of Thomas St. from Century Dr. to Palmyra Ave.

AREA “J”

1. Both sides of Binnacle Ave. from Jetty Dr. to its easterly terminus.

2. North side of Chapman Ave. from Jetty Dr. to 4537 W. Chapman Ave.

3. North side of Chapman Ave. frontage road from Jetty Dr. to cul-de-sac.

4. Both sides of Grant Pl. from Chapman Ave. northerly to include the cul-de-sac.

5. Both sides of Jetty Dr. from Chapman Ave. to Sirius Ave.

6. West side of Lewis St. from Sirius Ave. to Simmons Ave.

7. South side of Simmons Ave. from Lewis St. to Spinnaker St.

8. Both sides of Sirius Ave. from Lewis St. to Jetty Dr.

9. Both sides of Spinnaker St. from Binnacle Ave. to Simmons Ave. 426
Exhibit A

Page 4 of 7 ends

10. Both sides of Stay Court easterly of Jetty Dr.

11. Both sides of Tiller Ave. from Lewis St. to Spinnaker St.

AREA “K”

1. Both sides of the 2700 block of E. Bennett Ave.

2. Both sides of the 2700 block of E. Killingsworth Ave.

3. Both sides of the 100-200 blocks of N. Malena Dr.

4. Both sides of the 2700 block of E. Sherman Ave.

5. Both sides of the 100-200 blocks of N. Wheeler St.

AREA “L”

1. Both sides of Jacaranda Ave. from Morgan St. to Mallard St.

2. Both sides of Juniper Ave. from Morgan St. to Mallard St.

3. Both sides of Mallard St. from Collins Ave. northerly to 985 N. Mallard St.

AREA “M”

1. Both sides of Citrus St. from Almond Ave. to the southerly commercial property lines south of Chapman Ave.

AREA “N”

1. West side of Bedford Rd. from La Veta Ave. to Bronson Ave.

AREA “O”

1. North side of Spring St. from Hewes St. to Earlham St.

AREA “P”

1. Both sides of the 1000 block of Gardner Dr.

2. Both sides of the 1000 block of Greengrove St.

3. Both sides of Monroe Ave. from California St. to Lincoln St.

4. Both sides of Quincy Ave. from California St. to Lincoln St.

5. Both sides of Lincoln St. between Adams Ave. and Wilson Ave. including the cul-de-sac.

6. West side of Lincoln St. from 990 N. Lincoln St. to Adams Ave.

7. East side of Lincoln St. from 1073 N. Lincoln St. to Adams Ave.

8. Both sides of Adams Ave. between Lincoln St. and California St.

AREA “Q”

1. Both sides of the 8500 block of Biscayne Way.

2. Both sides of the 8500 block of Deershire Ct.

3. Both sides of the 200 block of Fairfield Ln.

4. Both sides of the 200 block of Firenza Way.

5. Both sides of the 8500 block of Heatherview Ln.
427
Exhibit A

Page 5 of 7 ends

AREA “R”

1. Both sides of San Luis Dr. from 7821 (north side) to Santa Cruz Ave., and from 7816 (south side) to the beginning of 8132.

2. 8102 and 8110 Santa Cruz Ave. (south side).

3. Both sides of Santa Maria St. between San Luis Dr. and Santa Cruz Ave.

AREA “S”

1. Both sides of Poplar St. between Maple Ave. and the cul-de-sac.

2. North side of Maple Ave. between Stevens St. and 1949 W. Maple Ave.

3. South side of Maple Ave. from Stevens St. to 2010 W. Maple Ave.

4. Both sides of Eckhoff St. between 130-283 N. Eckhoff St. except the following spaces:
• Four spaces on the east side of Eckhoff St. from the southerly limit to W. Arbor Way (approximately 110 feet).
• Five spaces on the east side of Eckhoff St. from 45 feet north of W. Arbor Way end of curb return to Maple Ave. (approximately 140 feet. It allows one parking space to remain in the permit parking program just north of the driveway at 2037 W. Arbor Way for visibility).
• Three spaces on the east side of Eckhoff St. north of Willow Ave. to the northerly limit (approximately 70 feet).
• Two spaces on the east side of Eckhoff St. from the existing red curb north of Maple Ave. to the driveway south of 206 N. Eckhoff St.

AREA “T”

1. Both sides of Cully Dr. from the westerly property lines of 861 and 864 W. Cully Dr. to the cul-de-sac.

AREA “U”

1. Both sides of Waverly St. from the northerly property lines of 133 and 138 S. Waverly St. to Almond Ave.

AREA “V”

1. The south side of E. Rose Ave. from 1932/1934 to N. Highland St.

2. Both sides of N. Highland St. from E. Rose Ave. to E. Barkley Ave.

3. Both sides of E. Mayfair Ave. from 1740 E. Mayfair Ave. to N. Highland St.

4. The south side of E. Lomita Ave. from 1734/1736 to N. Highland St.

5. The north side of E. Lomita Ave. from 1901 to N. Highland St.

6. Both sides of E. Barkley Ave. from the cul-de-sac to N. Highland St.

7. Both sides of the cul-de-sacs of N. Victoria Dr., N. Russell Dr., and N. Shirley Dr., north of E.

Mayfair Ave.

428
Exhibit A

Page 6 of 7 ends

AREA “W”

1. Both sides of Madison Ave. from Wayfield St. to the cul-de-sac.

2. Both sides of Orange Grove Ave. from Wayfield St. to the westerly property lines of 1743/1744

3. E. Orange Grove Ave.

4. East side Wayfield St. between Orange Grove Ave. and the southerly property lines of 550/555 Wayfield St.

5. West side of Wayfield St. between Orange Grove Ave. and Madison Ave.

AREA “X”

1. South side of Collins Ave. from Hart St. to 2842 E. Collins Ave.

AREA “Y”

1. Both sides N. Citrus St. from Walnut Ave. to W. Sycamore Ave.

AREA “Z”

1. Both sides of Sycamore Ave. from Rancho Santiago Blvd. to Richard St.

2. Both sides Rancho Santiago Blvd. from the south city limits to Silverleaf Ave.

3. Both sides of Silverleaf Ave. from Rancho Santiago Blvd. to Richard St.

4. Both sides of Christine St. from Silverleaf Ave. to Sycamore Ave.

5. Both sides of Richard St. from Silverleaf Ave. to Sycamore Ave.

AREA “AA”

1. Both sides of Ryals Ln. from the West City limit to Bob White Way.

2. East side of Bob White Way between Ryals and Partridge Ln.

3. Both sides of the 200 Block of Renee St.

4. Both sides of Avenida Palmar, from west City limits to N. Thora St.

5. Both sides of Sandpiper Circle.

OPPORTUNITY AREA “1”

1. Both sides of Lilac Ln. from Culver Ave. to Orchard Ave.

2. Both sides of Plum Ln. from Culver Ave. to Orchard Ave.

3. Both sides of Orchard Ave. from Flower St. to the easterly terminus of the street.

4. Both sides of Bedford Rd. between Culver Ave. and La Veta Ave.

5. Both sides of Devon Rd. between Palmyra Ave. and Culver Ave. (permit parking between the hours 4:00p.m. and 9:00a.m.)

6. Both sides of Crest Rd. between Palmyra Ave. and Culver Ave.

Opportunity Area “2”

1. Both sides of Fairway Dr. from Cambridge St. to Tustin St.

2. Both sides of Young Cir. south of Fairway Dr.
429
Exhibit A

Page 7 of 7 ends

3. Both sides of Greenview Dr. south of Fairway Dr.

OPPORTUNITY AREA “3”

1. Wayfield St. between Palm Ave. and Walnut Ave.

2. Palm Ave. between Park Ln. and Wayfield St.

3. Park Ln. between Dana Pl. and Palm Ave.

4. Wayfield Cr. south of Palm Ave.

5. Both sides of Mount Vernon Ave. between Wayfield St. and Le May Ct.

6. Both sides of Park Ln. between Mount Vernon Ave. and Sycamore Ave.

7. Both sides of Martha Ave. east of Park Ln.

8. Both sides of Sycamore Ave. between Wayfield St. and Highland St.

9. Both sides of Highland St. between Sycamore Ave. and south terminus.

10. Both sides of Wayfield St. from Chapman Ave. north to include the cul-de-sac.

OPPORTUNITY AREA “4”

1. Both sides of Trenton Ave. from the westerly property lines of 331 E. Trenton Ave. and 1482 N.

Grant St. to Shaffer St.

2. Both sides of Trenton Ave., from Shaffer St to Cleveland St.

3. Both sides of Grant St. from Trenton Ave. to the cul-de sac.

OPPORTUNITY AREA “5”

1. Both sides of Greengrove St. from Meats Ave. to the southern terminus.

2. Both sides of Del Mar Ave. from Cambridge St. to Greengrove St.

3. South side of Meats Ave., from Cambridge St. to Greengrove St. 430
Exhibit B

Page 1 of 2 ends

EXHIBIT B

The following are descriptions of preemptively established permit parking opportunity areas approved by the City Council and are subject to Chapter 10.30 of the Orange Municipal Code. Any additions or deletions to the Neighborhood Permit Parking Program shall be made by amending this Master Resolution.

CHAPMAN UNIVERSITY NEIGHBORHOOD PERMIT PARKING OPPORTUNITY AREA “A”
Generally bounded by Lomita Avenue to the north, Cypress Street to the west, Chapman Avenue to the south, and Cambridge Street to the east, as shown in Exhibit C.

OPPORTUNITY AREA “1”
To the north, Opportunity Area “1” is comprised of the area bounded by Sycamore Avenue. To the west, Opportunity Area “1” is comprised of the area bounded by, but does not include, the 57 Freeway.

To the south, Opportunity Area “1” is comprised of the area bounded by, but does not include, the 22 Freeway from the 57 Freeway to Bedford Road, and La Veta Avenue from Bedford Road to Main Street. To the east, Opportunity Area “1” is comprised of the area bounded by, and inclusive of, the east side of Bedford Ro ad from the 22 Freeway to La Veta Avenue; and bounded by, but does not include, Main Street from La Veta Avenue to Sycamore Avenue.

OPPORTUNITY AREA “2”
To the north, Opportunity Area “2” is comprised of the area bounded by, but does not include, the Santiago Creek Bike Trail. To the west, Opportunity Area “2” is comprised of the area bounded by, but does not include, Cambridge Street. To the south, Opport unity Area “2” is comprised of the area bounded by, but does not include, the 22 Freeway. To the east, Opportunity Area “2” is comprised of the area bounded by, but does not include, Tustin Street.

OPPORTUNITY AREA “3”
To the north, Opportunity Area “3” is comprised of the area bounded by, but does not include, the Walnut Avenue. To the west, Opportunity Area “3” is comprised of the area bounded by, and inclusive of, Wayfield Street from Walnut Avenue to Palm Avenue and Wayfield Street from Chapman Avenue to the northern terminus of Wayfield Street. To the south, Opportunity Area “2” is comprised of the area bounded by, but does not include, Chapman Avenue. To the east, Opportunity Area “2” is comprised of the area bounded by, but does not include, the 55 Freeway and Le May Court.

OPPORTUNITY AREA “4”
To the north, Opportunity Area “4” is comprised of the area bounded by, and inclusive of, Trenton Avenue. To the west, Opportunity Area “4” is comprised of the area bounded by the western property line of 331 East Trenton Avenue. To the south, Opportunity Area “4” is comprised of the area bounded by the prolongation of the southern property line of 1411 North Shaffer Street and 1412 North Shaffer Street. To the east, Opportunity Area “4” is comprised of the area bounded by, but does not include, Cambridge Street.

431
Exhibit B

Page 2 of 2 ends

OPPORTUNITY AREA “5”
To the north, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, the south side of Meats Avenue. To the west, Opportunity Area “5” is comprised of the area bounded by, but does not include, Cambridge Street. To the south, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, Del Mar Avenue and the southern terminus of Greengrove Street. To the east, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, Greengrove Street.

OPPORTUNITY AREA “6”
Opportunity Area “6” is generally bounded by Almond Avenue to the north, Cypress Street to the west, Palmyra Avenue to the south, and Shaffer Street to the east, as shown in Exhibit I. 432
433
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

Bitterbush Channel
SantaAnaRiver
W Maple Ave
N
Bitterbush
St
N
Flow
er
St
W Sycamore Ave
W SpruceAve
W Palm Ave
W Willow Ave
N
Ram
partSt
W Beverly Dr
W Cherry Dr
N
Donneybrooke
St
N
Holly
St
1D
1B
57 5 W Culver Ave
W Almond Ave
S
M
arks
W
ay
W Mills Dr
W Palmyra Ave
S Anita Dr
W La Veta Ave
W Chapman AveW Chapman Ave
1B
1A
1A
107A
105B
22 Fernw
ood
Dr Sherwood Ln
Col William
Eldridge Park
14D
W Palm Ave
W Maple Ave
N
CedarSt
N
Jew
ellPl
W Birch Ave
N
Ash
St
W Cherry Dr
El Camino Real
Park
Portola Middle
School
Far Horizons
Montessori
School
Sycamore
Elementary
School
W Culver Ave
W Almond Ave
S
Feldner
Rd
S
Alpine
Rd
S
Pepper
St
S
Devon
Rd
W Robin Rd
S
M
ain
St
W Chapman Ave
West Orange
Elementary
School
CHOC
Children's Main
Campus-Orange
St Joseph
Hospital
22 Main Place Dr
15 14B
OpArea1
S
E
N
Legend
NPPP Opportunity Area 1
Area E
Area N
Area S
Exhibit D

CITY OF ORANGE
Opportunity Area 1
434
435
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

N
M
aplew
ood
St
N
California
St
E Everett Pl
E Rose Ave
N
Fern
St
E Mayfair AveN
Lincoln
St
N
HartStN
Highland
St N
Elm
w
ood
St
55 55
S
Loretta
Dr
N
Clinton
St
E Palm Ave
N
W
ayfield
St
E Rose Ave
N
Fern
St
E Walnut Ave
E Walnut Ave
E Palmyra Ave
N
Lincoln
St
S
TeriLn
N
M
ilford
St
N
Sacram
ento
St
S
W
heelerPl
S
Yorba
St
N
O
ak
St
S
Lincoln
St
Burly Ave
N
Handy
St
E Chapman Ave
S
Tustin
St
N
Tustin
St
Yorba Park
V
K
OpArea3
W
U
Legend
NPPP Opportunity Area 3
Area K
Area U
Area V
Area W
Exhibit F

CITY OF ORANGE
Opportunity Area 3
436
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Source: City of Orange (2024)
0 500250
Feet
.

SPRR
N
Cam
bridge
St
E Palmdale Ave
E Glendale Ave
N
Neville
St
E Taft AveW Taft Ave
Shaffer Park
Taft Elementary
School
SPRR
E Wilson Ave E Wilson Ave
N
Shaffer
St
Xtra
W
ay
N
Cam
bridge
St
N
G
rand
St
N
California
St
E Trenton Ave
E Barkley Ave
E Hoover Ave E Hoover Ave
E Adams Ave
E Adams Ave
N
Lem
on
St
E Chestnut Ave
E Vanowen Ave
E Collins Ave
N
G
lassellSt
E Katella Ave
W Collins Ave
W Katella Ave
Yorba Junior
High School
N
Lincoln
St
N
Lincoln
St
P
B
OpArea4
H
Legend
NPPP Opportunity Area 4
Area B
Area H
Area P
Exhibit G

CITY OF ORANGE
Opportunity Area 4
437
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

E Heim Ave
N
CanalSt
E Meats Ave
N
Cam
bridge
St
E Gr ove Ave
E Palmdale Ave
N
Bourbon
St
E Glendale Ave
E Glendora Ave
E Cumberland Rd
N
O
range
O
live
Rd
E Taft Ave
Shaffer Park
Taft Elementary
School
E Chestnut Ave
55 E Orangeview Ln
N
Bourbon
St
E Heim Ave
N
Highland
St
N
Lincoln
St
N
Tustin
St
The Village At
Orange
OpArea5
Legend
NPPP Opportunity Area 5
Exhibit H

CITY OF ORANGE
Opportunity Area 5
438
439
RESOLUTION NO. 11608

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF ORANGE ADOPTING A REVISED MASTER

RESOLUTION OF DESIGNATED PERMIT PARKING

AREAS AND ESTABLISHED PERMIT PARKING

OPPORTUNITY AREAS WITHIN THE CITY OF
ORANGE

WHEREAS, pursuant to California Vehicle Code Section 22507, local authorities may generally prohibit or restrict the stopping, parking, or standing of vehicles on certain streets or highways, or portions thereof, during all or certain hours of the day; and

WHEREAS, local authorities may also include a designation of certain streets upon which preferential parking privileges are established with a permit or permits that exempt them from the prohibition or restriction of the ordinance or resolution; and

WHEREAS, pursuant to the authority provided by the California Vehicle Code, the City Council of the City of Orange codified Chapter 10.30 of the Orange Municipal Code generally establishing parking requirements for the City of Orange; and

WHEREAS, Sections 10.30.010 and 10.30.020 specifically establishes the Neighborhood Parking Permit Program designating portions of certain public streets for permit-parking and explicitly authorizes the City Council of the City of Orange to add, remove or modify designated areas within the Neighborhood Parking Permit Program by resolution; and

WHEREAS, the creation of a “Master Resolution” containing all the permit parking areas in a single document eliminates the need to potentially revise multiple resolutions when an area is added, deleted, or modified within the Neighborhood Parking Permit Program; and

WHEREAS, the City Council of the City of Orange most recently adopted said Master Resolution on January 28, 2025 (Resolution No. 11595), containing a list of all permit parking areas within the City; and

WHEREAS, staff now recommends adding additional streets in the Neighborhood Permit Parking Program; and

WHEREAS, staff recommends adjustments to descriptions of Neighborhood Permit Parking Program Area “S” and Area “T” to be consistent with signage installed in the field and available records; and

WHEREAS, accordingly, the City Council desires to rescind Resolution No. 11595 and replace it with a revised Resolution;

NOW, THEREFORE, BE IT RESOLVED , by the City Council of the City of Orange does resolve as follows:
440
2 SECTION I:

That Resolution No. 11595, adopted January 28 , 202 5, is hereby rescinded, effective immediately upon the date of the adoption of Resolution No. 11608.

SECTION II:

The following streets be added to the Neighborhood Permit Parking Program as Area “AB”:

Both sides of N. Mallard Street, from 985 N. Mallard Street to E. Jackson Avenue.

SECTION III:

That the Master Resolution of Permit Parking Area for the Neighborhood Permit Parking Program attached hereto as Exhibit s “A”, Exhibit “B”, Exhibit “C”, Exhibit “D”, Exhibit “E”, Exhibit “F”, Exhibit “G”, Exhibit “H” and Exhibit “I” are hereby adopted.

ADOPTED this day of , 2025

Daniel R. Slater, Mayor, City of Orange

ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Wayne W. Winthers
Interim City Attorney, City of Orange

441
3 I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the day of , 202 5 by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

ABSTAIN: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange
442
Exhibit A

Page 1 of 7 ends

EXHIBIT A

The following areas are all areas that have been designated by the City Council for inclusion in the Neighborhood Permit Parking Program and are subject to Chapter 10.30 of the Orange Municipal Code. Any additions or deletions to the Neighborhood Permit Parking Program shall be made by amending this Master Resolution.

CHAPMAN UNIVERSITY NEIGHBORHOOD PERMIT PARKING AREA “A”

1. Both sides of Center St. from Walnut Ave. to the southern terminus of Center St. adjacent to residential land uses.

2. Both sides of Cleveland St. from Palm Ave. to Sycamore Ave.

3. East side of Cypress St. from Maple Ave. to the southern property line of 171 North Cypress St.

4. Both sides of Cypress St. from Walnut Ave. to Sycamore Ave.

5. Both sides of Everett Pl. from Shaffer St. to Glassell St.

6. Both sides of Glassell St. from Walnut Ave. to Rose Ave.

7. East side of Grand St. from the southern property line of 127 N Grand Street to the northern property line of 147 North Grand St.

8. Both sides of Grand St. from Palm Ave. to the southern property line of 183 N Grand St. adjacent to residential land uses.

9. Both sides of Grand St. from Mayfair Ave. to Walnut Ave. adjacent to residential land uses.

10. Both sides of Harwood St. from Palm Ave. to the northern terminus of Harwood St.

11. Both sides of Jefferson Ave. from Harwood St. to Shaffer St.

12. East side of Lemon St. from Maple Ave. to the southern property line of 149 North Lemon St.

13. Both sides of Lemon St. from Palm Ave. to Walnut Ave. adjacent to residential land uses.

14. Both sides of Maple Ave. from Cleveland St. to Orange St. adjacent to residential land uses.

15. North side of Maple Ave. from Olive St. to the eastern property line of 115 East Maple Ave.

16. Both sides of Mayfair Ave. from Shaffer St. to Glassell St.

17. Both sides of Olive St. from Maple Ave. to the northern terminus of Olive St. adjacent to residential land uses.

18. Both sides of Olive St. from Sycamore Ave. to Walnut Ave.

19. Both sides of Orange St. from Maple Ave. to Palm Ave. adjacent to residential land uses.

20. Both sides of Orange St. from Walnut Ave. to the northern terminus of Orange St.

21. Both sides of Palm Ave. from Harwood St. to Glassell St. adjacent to residential land uses.

22. North side of Palm Ave. from Pine St. to Harwood St.

23. Both sides of Rose Ave. from Glassell St. to Grand St.

24. Both sides of Shaffer St. from Chapman Ave. to Walnut Ave. adjacent to residential land uses.

25. West side of Shaffer St. from Walnut Ave. to the northern property line of 516 North Shaffer St.

26. Both sides of Sycamore Ave. from Cambridge St. to Center St.

27. North side of Sycamore Ave. from Glassell St. to the western property line of 317 West Sycamore Ave. adjacent to residential land uses.

28. South side of Sycamore Ave. from the western property line of 314 West Sycamore Ave. to Lemon St.

29. Both sides of Walnut Ave. from Cambridge St. to Center St. adjacent to residential land uses. 443
Exhibit A

Page 2 of 7 ends

AREA “B”

1. Both sides of Adams Ave. from Glassell St. to Grand St.

2. Both sides of Hoover Ave. from Glassell St. to Grand St.

3. Both sides of Quincy Ave. from Glassell St. to Grand St.

4. Both sides of Wilson Ave. from Glassell St. to Grand St.

AREA “C”

1. Both sides of Compton Ave. from Manchester Ave. to Lewis St.

2. East side of Lewis St. from the northerly property line at 4035 Compton Ave. to the southern property line of 119 N. Lewis St.

3. West side of Manchester Ave. from Sheringham Ave. to Compton Ave.

4. North side of Sheringham Ave. from Manchester Ave. to Windgap Dr.

5. South sides of Sheringham Ave. from Woodridge Cr. to Windgap Dr.

6. Both sides of Sunningdale Cr. from Compton Ave. south to include the cul-de-sac.

7. Both sides of Windgap Dr. from Compton Ave. south to include the cul-de-sac.

8. West side of Woodridge Cr. from Sheringham Ave. south to include the cul-de-sac.

9. East side of Woodridge Cr. from the northerly property line of 119 N. Woodridge Cr. south to include the cul-de-sac.

AREA “D”

1. Both sides of Dunas St. from Maple Ave. north to include the cul-de-sac.

2. Both sides of Maple Ave. from Prospect St. to Olympia Way.

3. Both sides of Olympia Way from Maple Ave. to Spring St.

4. Both sides of Shasta St. from Maple Ave. north to include the cul-de-sac.

5. Both sides of Vine Ave. from Olympia Way to its western terminus.

6. Both sides of First St. from Chapman Ave. north to include the cul-de-sac.

7. Both sides of Pearl Ave. from First St. to McPherson Rd.

8. East side of McPherson Rd. from 131 to 133 N. McPherson Rd.

AREA “E”

1. West side of Elm St. south of Sycamore Ave. to include the cul-de-sac.

AREA “F”
Permit Parking between the hours of 10:00 p.m. and 6:00 a.m.

1. Both sides of Almond Ave. from Prospect St. to Violet Ln.

2. Both sides of Kathleen St. from Chapman Ave. to Palmyra Ave.

3. Both sides of Palmyra Ave. from Craig Dr. to Prospect St.

4. East side of Prospect St. from Almond Ave. to Palmyra Ave.

5. Both sides of Violet Ln. from Almond Ave. to Palmyra Ave. 444
Exhibit A

Page 3 of 7 ends

AREA “G”
Permit Parking between the hours of 10:00 p.m. and 6:00 a.m.

1. Both sides of Euclid Ave. from James St. to Seranado St.

2. Both sides of James St. from Sycamore Ave. to Euclid Ave.

3. Both sides of Palm Ave. from Swidler St. to Seranado St.

4. Both sides of Sycamore Ave. from Swidler St. to Seranado St.

5. Both sides of Seranado St. from Spring St. to Walnut Ave.

6. Both sides of Silverleaf Ave. from Thomas St. to Seranado St.

7. Both sides of Spring St. from Swidler St. to Seranado St.

8. Both sides of Swidler St. from Spring St. to Walnut Ave.

9. Both sides of Thomas St. from Sycamore Ave. to Silverleaf Ave.

10. Both sides of Walnut Ave. from Swidler St. to Seranado St.

AREA “H”

1. Both sides of Shaffer St. beginning 390 feet north of Katella Ave. and ending at Trenton Ave. (R-1 zoned single-family residences only.)

AREA “I”

1. Both sides of Almond Ave. from Prospect St. to Dunas St.

2. Both sides of Century Ave. from James St. to Thomas St.

3. Both sides of Craig Dr. 100 feet south of Roberta Dr. to Prospect St.

4. Both sides of Dunas St. from Palmyra Ave. to Almond Ave.

5. Both sides of James St. from Century Dr. to La Veta Ave.

6. North side of La Veta Ave. from Prospect St. to Dunas St.

7. Both sides of Merelet Ln. from Craig Dr. to include the cul-de-sac.

8. Both sides of Olympia Way from Palmyra Ave. to Almond Ave.

9. North side of Palmyra Ave. from Prospect St. to Thomas St.

10. Both sides of Ruth Pl. easterly of James St.

11. Both sides of Ruth Pl. from Prospect St. to Olympia Way.

12. Both sides of Shasta St. from Palmyra Ave. to Almond Ave.

13. Both sides of Thomas St. from Century Dr. to Palmyra Ave.

AREA “J”

1. Both sides of Binnacle Ave. from Jetty Dr. to its easterly terminus.

2. North side of Chapman Ave. from Jetty Dr. to 4537 W. Chapman Ave.

3. North side of Chapman Ave. frontage road from Jetty Dr. to cul-de-sac.

4. Both sides of Grant Pl. from Chapman Ave. northerly to include the cul-de-sac.

5. Both sides of Jetty Dr. from Chapman Ave. to Sirius Ave.

6. West side of Lewis St. from Sirius Ave. to Simmons Ave.

7. South side of Simmons Ave. from Lewis St. to Spinnaker St.

8. Both sides of Sirius Ave. from Lewis St. to Jetty Dr.

9. Both sides of Spinnaker St. from Binnacle Ave. to Simmons Ave. 445
Exhibit A

Page 4 of 7 ends

10. Both sides of Stay Court easterly of Jetty Dr.

11. Both sides of Tiller Ave. from Lewis St. to Spinnaker St.

AREA “K”

1. Both sides of the 2700 block of E. Bennett Ave.

2. Both sides of the 2700 block of E. Killingsworth Ave.

3. Both sides of the 100-200 blocks of N. Malena Dr.

4. Both sides of the 2700 block of E. Sherman Ave.

5. Both sides of the 100-200 blocks of N. Wheeler St.

AREA “L”

1. Both sides of Jacaranda Ave. from Morgan St. to Mallard St.

2. Both sides of Juniper Ave. from Morgan St. to Mallard St.

3. Both sides of Mallard St. from Collins Ave. northerly to 985 N. Mallard St.

4. Both sides of Morgan St. from Collins Ave. northerly to 986 N. Morgan St.

AREA “M”

1. Both sides of Citrus St. from Almond Ave. to the southerly commercial property lines south of Chapman Ave.

AREA “N”

1. West side of Bedford Rd. from La Veta Ave. to Bronson Ave.

AREA “O”

1. North side of Spring St. from Hewes St. to Earlham St.

AREA “P”

1. Both sides of the 1000 block of Gardner Dr.

2. Both sides of the 1000 block of Greengrove St.

3. Both sides of Monroe Ave. from California St. to Lincoln St.

4. Both sides of Quincy Ave. from California St. to Lincoln St.

5. Both sides of Lincoln St. between Adams Ave. and Wilson Ave. including the cul-de-sac.

6. West side of Lincoln St. from 990 N. Lincoln St. to Adams Ave.

7. East side of Lincoln St. from 1073 N. Lincoln St. to Adams Ave.

8. Both sides of Adams Ave. between Lincoln St. and California St.

AREA “Q”

1. Both sides of the 8500 block of Biscayne Way.

2. Both sides of the 8500 block of Deershire Ct.

3. Both sides of the 200 block of Fairfield Ln.

4. Both sides of the 200 block of Firenza Way.

5. Both sides of the 8500 block of Heatherview Ln.
446
Exhibit A

Page 5 of 7 ends

AREA “R”

1. Both sides of San Luis Dr. from 7821 (north side) to Santa Cruz Ave., and from 7816 (south side) to the beginning of 8132.

2. 8102 and 8110 Santa Cruz Ave. (south side).

3. Both sides of Santa Maria St. between San Luis Dr. and Santa Cruz Ave.

AREA “S”

1. Both sides of Poplar St. between Maple Ave. and the cul-de-sac.

2. North side of Maple Ave. between Stevens St. and 1949 W. Maple Ave.

3. South side of Maple Ave. from Stevens St. to 2010 W. Maple Ave.

4. Both sides of Eckhoff St. between 130-283 N. Eckhoff St. except the following spaces:
• Four spaces on the east side of Eckhoff St. from the southerly limit to W. Arbor Way (approximately 110 feet).
• Five spaces on the east side of Eckhoff St. from 45 feet north of W. Arbor Way end of curb return to Maple Ave. (approximately 140 feet. It allows one parking space to remain in the permit parking program just north of the driveway at 2037 W. Arbor Way for visibility).
• Three spaces on the east side of Eckhoff St. north of Willow Ave. to the northerly limit (approximately 70 feet).
• Two spaces on the east side of Eckhoff St. from the existing red curb north of Maple Ave. to the driveway south of 206 N. Eckhoff St.

AREA “T”

1. Both sides of Cully Dr. from the westerly property lines of 861 and 864 W. Cully Dr. to the cul-de-sac.

AREA “U”

1. Both sides of Waverly St. from the northerly property lines of 133 and 138 S. Waverly St. to Almond Ave.

AREA “V”

1. The south side of E. Rose Ave. from 1932/1934 to N. Highland St.

2. Both sides of N. Highland St. from E. Rose Ave. to E. Barkley Ave.

3. Both sides of E. Mayfair Ave. from 1740 E. Mayfair Ave. to N. Highland St.

4. The south side of E. Lomita Ave. from 1734/1736 to N. Highland St.

5. The north side of E. Lomita Ave. from 1901 to N. Highland St.

6. Both sides of E. Barkley Ave. from the cul-de-sac to N. Highland St.

7. Both sides of the cul-de-sacs of N. Victoria Dr., N. Russell Dr., and N. Shirley Dr., north of E.

Mayfair Ave.

447
Exhibit A

Page 6 of 7 ends

AREA “W”

1. Both sides of Madison Ave. from Wayfield St. to the cul-de-sac.

2. Both sides of Orange Grove Ave. from Wayfield St. to the westerly property lines of 1743/1744

3. E. Orange Grove Ave.

4. East side Wayfield St. between Orange Grove Ave. and the southerly property lines of 550/555 Wayfield St.

5. West side of Wayfield St. between Orange Grove Ave. and Madison Ave.

AREA “X”

1. South side of Collins Ave. from Hart St. to 2842 E. Collins Ave.

AREA “Y”

1. Both sides N. Citrus St. from Walnut Ave. to W. Sycamore Ave.

AREA “Z”

1. Both sides of Sycamore Ave. from Rancho Santiago Blvd. to Richard St.

2. Both sides Rancho Santiago Blvd. from the south city limits to Silverleaf Ave.

3. Both sides of Silverleaf Ave. from Rancho Santiago Blvd. to Richard St.

4. Both sides of Christine St. from Silverleaf Ave. to Sycamore Ave.

5. Both sides of Richard St. from Silverleaf Ave. to Sycamore Ave.

AREA “AA”

1. Both sides of Ryals Ln. from the West City limit to Bob White Way.

2. East side of Bob White Way between Ryals and Partridge Ln.

3. Both sides of the 200 Block of Renee St.

AREA “AB”

1. Both sides of Mallard St., from 985 N. Mallard St. to Jackson Ave.

OPPORTUNITY AREA “1”

1. Both sides of Lilac Ln. from Culver Ave. to Orchard Ave.

2. Both sides of Plum Ln. from Culver Ave. to Orchard Ave.

3. Both sides of Orchard Ave. from Flower St. to the easterly terminus of the street.

4. Both sides of Bedford Rd. between Culver Ave. and La Veta Ave.

5. Both sides of Devon Rd. between Palmyra Ave. and Culver Ave. (permit parking between the hours 4:00p.m. and 9:00a.m.)

6. Both sides of Crest Rd. between Palmyra Ave. and Culver Ave.

Opportunity Area “2”

448
Exhibit A

Page 7 of 7 ends

1. Both sides of Fairway Dr. from Cambridge St. to Tustin St.

2. Both sides of Young Cir. south of Fairway Dr.

3. Both sides of Greenview Dr. south of Fairway Dr.

OPPORTUNITY AREA “3”

1. Wayfield St. between Palm Ave. and Walnut Ave.

2. Palm Ave. between Park Ln. and Wayfield St.

3. Park Ln. between Dana Pl. and Palm Ave.

4. Wayfield Cr. south of Palm Ave.

5. Both sides of Mount Vernon Ave. between Wayfield St. and Le May Ct.

6. Both sides of Park Ln. between Mount Vernon Ave. and Sycamore Ave.

7. Both sides of Martha Ave. east of Park Ln.

8. Both sides of Sycamore Ave. between Wayfield St. and Highland St.

9. Both sides of Highland St. between Sycamore Ave. and south terminus.

10. Both sides of Wayfield St. from Chapman Ave. north to include the cul-de-sac.

OPPORTUNITY AREA “4”

1. Both sides of Trenton Ave. from the westerly property lines of 331 E. Trenton Ave. and 1482 N.

Grant St. to Shaffer St.

2. Both sides of Trenton Ave., from Shaffer St to Cleveland St.

3. Both sides of Grant St. from Trenton Ave. to the cul-de sac.

OPPORTUNITY AREA “5”

1. Both sides of Greengrove St. from Meats Ave. to the southern terminus.

2. Both sides of Del Mar Ave. from Cambridge St. to Greengrove St.

3. South side of Meats Ave., from Cambridge St. to Greengrove St. 449
Exhibit B

Page 1 of 2 ends

EXHIBIT B

The following are descriptions of preemptively established permit parking opportunity areas approved by the City Council and are subject to Chapter 10.30 of the Orange Municipal Code. Any additions or deletions to the Neighborhood Permit Parking Program shall be made by amending this Master Resolution.

CHAPMAN UNIVERSITY NEIGHBORHOOD PERMIT PARKING OPPORTUNITY AREA “A”
Generally bounded by Lomita Avenue to the north, Cypress Street to the west, Chapman Avenue to the south, and Cambridge Street to the east, as shown in Exhibit C.

OPPORTUNITY AREA “1”
To the north, Opportunity Area “1” is comprised of the area bounded by Sycamore Avenue. To the west, Opportunity Area “1” is comprised of the area bounded by, but does not include, the 57 Freeway.

To the south, Opportunity Area “1” is comprised of the area bounded by, but does not include, the 22 Freeway from the 57 Freeway to Bedford Road, and La Veta Avenue from Bedford Road to Main Street. To the east, Opportunity Area “1” is comprised of the area bounded by, and inclusive of, the east side of Bedford Ro ad from the 22 Freeway to La Veta Avenue; and bounded by, but does not include, Main Street from La Veta Avenue to Sycamore Avenue.

OPPORTUNITY AREA “2”
To the north, Opportunity Area “2” is comprised of the area bounded by, but does not include, the Santiago Creek Bike Trail. To the west, Opportunity Area “2” is comprised of the area bounded by, but does not include, Cambridge Street. To the south, Opportunity Area “2” is comprised of the area bounded by, but does not include, the 22 Freeway. To the east, Opportunity Area “2” is comprised of the area bounded by, but does not include, Tustin Street.

OPPORTUNITY AREA “3”
To the north, Opportunity Area “3” is comprised of the area bounded by, but does not include, the Walnut Avenue. To the west, Opportunity Area “3” is comprised of the area bounded by, and inclusive of, Wayfield Street from Walnut Avenue to Palm Avenue and Wayfield Street from Chapman Avenue to the northern terminus of Wayfield Street. To the south, Opportunity Area “2” is comprised of the area bounded by, but does not include, Chapman Avenue. To the east, Opportunity Area “2” is comprised of the area bounded by, but does not include, the 55 Freeway and Le May Court.

OPPORTUNITY AREA “4”
To the north, Opportunity Area “4” is comprised of the area bounded by, and inclusive of, Trenton Avenue. To the west, Opportunity Area “4” is comprised of the area bounded by the western property line of 331 East Trenton Avenue. To the south, Opportunity Area “4” is comprised of the area bounded by the prolongation of the southern property line of 1411 North Shaffer Street and 1412 North Shaffer Street. To the east, Opportunity Area “4” is comprised of the area bounded by, but does not include, Cambridge Street.

450
Exhibit B

Page 2 of 2 ends

OPPORTUNITY AREA “5”
To the north, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, the south side of Meats Avenue. To the west, Opportunity Area “5” is comprised of the area bounded by, but does not include, Cambridge Street. To the south, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, Del Mar Avenue and the southern terminus of Greengrove Street. To the east, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, Greengrove Street.

OPPORTUNITY AREA “6”
Opportunity Area “6” is generally bounded by Almond Avenue to the north, Cypress Street to the west, Palmyra Avenue to the south, and Shaffer Street to the east, as shown in Exhibit I. 451
452
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

Bitterbush Channel
SantaAnaRiver
W Maple Ave
N
Bitterbush
St
N
Flow
er
St
W Sycamore Ave
W SpruceAve
W Palm Ave
W Willow Ave
N
Ram
partSt
W Beverly Dr
W Cherry Dr
N
Donneybrooke
St
N
Holly
St
1D
1B
57 5 W Culver Ave
W Almond Ave
S
M
arks
W
ay
W Mills Dr
W Palmyra Ave
S Anita Dr
W La Veta Ave
W Chapman AveW Chapman Ave
1B
1A
1A
107A
105B
22 Fernw
ood
Dr Sherwood Ln
Col William
Eldridge Park
14D
W Palm Ave
W Maple Ave
N
CedarSt
N
Jew
ellPl
W Birch Ave
N
Ash
St
W Cherry Dr
El Camino Real
Park
Portola Middle
School
Far Horizons
Montessori
School
Sycamore
Elementary
School
W Culver Ave
W Almond Ave
S
Feldner
Rd
S
Alpine
Rd
S
Pepper
St
S
Devon
Rd
W Robin Rd
S
M
ain
St
W Chapman Ave
West Orange
Elementary
School
CHOC
Children's Main
Campus-Orange
St Joseph
Hospital
22 Main Place Dr
15 14B
OpArea1
S
E
N
Legend
NPPP Opportunity Area 1
Area E
Area N
Area S
Exhibit D

CITY OF ORANGE
Opportunity Area 1
453
454
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

N
M
aplew
ood
St
N
California
St
E Everett Pl
E Rose Ave
N
Fern
St
E Mayfair AveN
Lincoln
St
N
HartStN
Highland
St N
Elm
w
ood
St
55 55
S
Loretta
Dr
N
Clinton
St
E Palm Ave
N
W
ayfield
St
E Rose Ave
N
Fern
St
E Walnut Ave
E Walnut Ave
E Palmyra Ave
N
Lincoln
St
S
TeriLn
N
M
ilford
St
N
Sacram
ento
St
S
W
heelerPl
S
Yorba
St
N
O
ak
St
S
Lincoln
St
Burly Ave
N
Handy
St
E Chapman Ave
S
Tustin
St
N
Tustin
St
Yorba Park
V
K
OpArea3
W
U
Legend
NPPP Opportunity Area 3
Area K
Area U
Area V
Area W
Exhibit F

CITY OF ORANGE
Opportunity Area 3
455
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

SPRR
N
Cam
bridge
St
E Palmdale Ave
E Glendale Ave
N
Neville
St
E Taft AveW Taft Ave
Shaffer Park
Taft Elementary
School
SPRR
E Wilson Ave E Wilson Ave
N
Shaffer
St
Xtra
W
ay
N
Cam
bridge
St
N
G
rand
St
N
California
St
E Trenton Ave
E Barkley Ave
E Hoover Ave E Hoover Ave
E Adams Ave
E Adams Ave
N
Lem
on
St
E Chestnut Ave
E Vanowen Ave
E Collins Ave
N
G
lassellSt
E Katella Ave
W Collins Ave
W Katella Ave
Yorba Junior
High School
N
Lincoln
St
N
Lincoln
St
P
B
OpArea4
H
Legend
NPPP Opportunity Area 4
Area B
Area H
Area P
Exhibit G

CITY OF ORANGE
Opportunity Area 4
456
J:\Production_Environment\Projects\PermitParking\PermitParking.aprx\Parking Permit Areas 12/12/2024
Source: City of Orange (2024)
0 500250
Feet
.

E Heim Ave
N
CanalSt
E Meats Ave
N
Cam
bridge
St
E Gr ove Ave
E Palmdale Ave
N
Bourbon
St
E Glendale Ave
E Glendora Ave
E Cumberland Rd
N
O
range
O
live
Rd
E Taft Ave
Shaffer Park
Taft Elementary
School
E Chestnut Ave
55 E Orangeview Ln
N
Bourbon
St
E Heim Ave
N
Highland
St
N
Lincoln
St
N
Tustin
St
The Village At
Orange
OpArea5
Legend
NPPP Opportunity Area 5
Exhibit H

CITY OF ORANGE
Opportunity Area 5
457
458

COUNTY OF ORANGE

CITY OF ORANGE

N SANDPIPER
CIR

E RYALS LN
Legend:

Existing Permit Parking
Area AA (2023)
Proposed Addition to
Permit Parking Area AA
City of Orange Boundaries
Petition Area
ATTACHMENT 4 - ACTIVATION MAP

RENEE ST
459
Legend:

Existing Permit Parking
Area L (2007)
Proposed Permit Parking
Area AB
City of Orange Boundaries

CITY OF VILLA PARK

CITY OF ORANGE
Petition Area

CITY OF ORANGE

CITY OF VILLA PARK
ATTACHMENT 5 - ACTIVATION MAP
460
Agenda Item
City Traffic Commission
Item #: 4.6. 4/9/2025 File #: 25-0131
TO: Chair and Members of the City Traffic Commission
THRU: Larry Tay, City Traffic Engineer
FROM: Gabrielle Hayes, Principal Civil Engineer

1. SUBJECT
Request for permit parking on both sides of E. Avenida Palmar from west City limits to N. Thora Street and on both sides of N. Sandpiper Circle.

2. SUMMARY
This request is to implement permit parking on the aforementioned streets, which are adjacent to Permit Parking Area AA.

3. RECOMMENDED ACTION

1. Approve the implementation of permit parking on the following streets:
a. Both sides of E. Avenida Palmar from west City limits to N. Thora Street. b. Both sides of N. Sandpiper Circle.

2. Forward to the City Council for final action.

4. FISCAL IMPACT
None. Implementation involves minimal staff time and minimal expenditures that have already been approved in the City’s operating budget.

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology

6. DISCUSSION AND BACKGROUND
Background
In December 2023, the City Council approved the establishment of Permit Parking Area AA for the streets of E. Ryals Lane and 200 block of N. Renee Street (as depicted on the Area Map attached).

Since implementation of permit parking in Area AA, residents on neighboring streets have observed an increase in demand for on-street parking on their frontages. Staff received two separate requests to initiate the process for permit parking on streets adjacent to existing Permit Parking Area AA.

The first request was from a property owner on N. Sandpiper Circle asking for the cul-de-sac to be incorporated into Permit Parking Area AA. The second request was from a property owner on N.

Thora Street asking for three streets to be studied: the 300 block of N. Renee Street, E. Avenida City of Orange Printed on 4/2/2025Page 1 of 3
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Item #: 4.6. 4/9/2025 File #: 25-0131
Palmar from west City limits to N. Thora Street, and N. Thora Street.

In accordance with the City’sNeighborhood Permit Parking Program (NPPP), staff performed an initial screening of the study area to determine the following:

1. Whether each street is eligible to be considered for permit parking; and

2. If so, does said street lie within a City-defined permit parking opportunity area with streamlined procedures.

After evaluating the four streets requested for study, staff determined the 300 block of N. Renee Street was ineligible for permit parking for several reasons. The west side of N. Renee Street provides curbside parking along a residential property located within unincorporated County of Orange. Residents who live outside the City of Orange, such as this property, are ineligible to participate in the permit parking program. Additionally, the only site that takes direct access off of N.

Renee Street is 349 N. Renee Street, a residential property that also operates as a wedding venue under a Conditional Use Permit with the City. The NPPP is intended to serve residential streets and the commercial nature of this site precludes this street from consideration for permit parking.

The remaining three streets of N. Sandpiper Circle, E. Avenida Palmar, and N. Thora Street were identified as eligible for permit parking and outside of a City-defined permit parking opportunity area.

As such, minimum levels of parking occupancy and property owner support must be met to recommend permit parking. Both are discussed below.

Parking Occupancy Study
Staff mapped and counted the number of legal parking spaces for each of the streets in the study area. The proponents provided staff with the days and times when parking demand in the neighborhood was believed to be at its highest. Staff then conducted the parking observations during those report hours. Per the City’sNPPP, a street parking occupancy rate of 75% is required to qualify for permit parking. E. Avenida Palmar and N. Sandpiper Circle were the only streets to exceed the 75% threshold, with an average parking occupancy of 76% and 75%, respectively.

N. Thora Street (57%) failed to meet the 75% parking occupancy threshold.

Petition Results
Because the parking occupancy exceeded the minimum 75% threshold only on E. Avenida Palmar and N. Sandpiper Circle, petitions were circulated for the residents on each street (Thora Street was not included). The petition letter and a list of permit parking advantages and disadvantages were provided by the Traffic Division to each of the resident property owners and absentee property owners on the candidate streets. The table below shows the results of the neighborhood polling.

Affected Streets Households In Favor Households OpposedUnreturned E. Avenida Palmar 15 88% 0 0% 2 12%
N. Sandpiper Circle 6 75% 0 0% 2 25%
The final results of the petition process indicate that both Avenida Palmar and Sandpiper Circle meet the required minimum 75% of property owners in favor of the permit parking program.

Findings
Through the parking occupancy studies, staff have documented a consistently high demand for on- City of Orange Printed on 4/2/2025Page 2 of 3
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Item #: 4.6. 4/9/2025 File #: 25-0131
Through the parking occupancy studies, staff have documented a consistently high demand for on- street parking on E. Avenida Palmar, from west City limits to N. Thora Street, and N. Sandpiper Circle. Since the level of demand for parking exceeds the minimum requirements under the City’s NPPP, permit parking is recommended on the aforementioned streets.

The following should be kept in mind:

1. Under the NPPP, property owners on any adjacent street experiencing spillover may request to initiate permit parking within a year without having to pay the application fee. Parking occupancy, petition thresholds, and other requirements in effect at the time would still apply.

2. Any vehicle parked in a designated parking-by-permit area without a permit is subject to citation. Parking permits do not supersede the street sweeping restrictions in the neighborhood.

7. ATTACHMENTS
· Letter of Request
· Notification Letter
· Area Map
· Site Sketch & Petition Area Map
City of Orange Printed on 4/2/2025Page 3 of 3
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1 Maria Prado Flores
From: Clifford Clinton <[email protected]>
Sent: Monday, January 6, 2025 3:16 PM
To: Maria Prado Flores
Subject: Fwd: Sandpiper Circle - permit parking request Here is the email I sent to Dave Allenbach in September.

Thanks
Cliff Clinton

---------- Forwarded message ---------
From: Clifford Clinton <[email protected]>
Date: Mon, Sep 23, 2024, 9:28 AM
Subject: Sandpiper Circle - permit parking request
To: <[email protected]>
Cc: Leah Clinton ICE-1 <[email protected]>

Dear. Mr Allenbach,

I am writing to request that the North Sandpiper Circle cul de sac off of East Ryals Lane be added to the permit required parking that is all around the cul de sac on Ryals and the N. Renee Street cul de sac. There are 8 houses on our cul de sac, with only about 8 available curb side parking spots. Typically 5-7 of these spots are filled by residents in the evenings, which means that if visitors were to come there may not be parking available on the cul de sac. Due to the permit parking requirement they could not park on Ryals either, which really means you have restricted visitors to our homes. This means that if someone were to have an event such as a birthday party or wedding (we have 6 kids and our next neighbor has 7 kids) there would be nowhere for the guests to park without risk of getting parking tickets. And we were not offered any parking permits to park on Ryals because we are not included in the permit zone.

I understand that you said regular 75% parking occupancy is required for permit parking, but I feel that the 75% of parking requirement should not have been limited to the cul de sac alone. It should have been included in the percentage of parking available on Ryals extending out of the cul de sac on your initial study. I do not feel that marking the N. Sandpiper Circle as its own entity was a fair measure of the parking capacity.

Please reconsider permit parking for the North Sandpiper Circle cul de sac.

Sincerely,
Clifford Clinton, MD, and Leah Clinton
253 N. Sandpiper Circle
Orange, CA 92869
310-569-4564 - Cliff
310-963-2768 - Leah
[email protected]

60464
61465
62466
63467
Legend:

Subject Area
City of Orange Boundaries

COUNTY OF ORANGE

CITY OF ORANGE
Existing Permit Parking Area AA (2023)
64468

COUNTY OF ORANGE

CITY OF ORANGE

N SANDPIPER
CIR

E RYALS LN
Legend:

Existing Permit Parking
Area AA (2023)
Proposed Addition to
Permit Parking Area AA
City of Orange Boundaries
Petition Area

SITE SKETCH & PETITION AREA MAP

RENEE ST
65469
Agenda Item
City Traffic Commission
Item #: 4.7. 4/9/2025 File #: 25-0201
TO: Chair and Members of the City Traffic Commission
THRU: Larry Tay, City Traffic Engineer
FROM: Gabrielle Hayes, Principal Civil Engineer

1. SUBJECT
Request for permit parking on both sides of N. Mallard Street, from E. Locust Avenue to E. Jackson Avenue.

2. SUMMARY
This request is to implement permit parking on N. Mallard Street, which is adjacent to Permit Parking Area L.

3. RECOMMENDED ACTION

1. Approve the implementation of permit parking on N. Mallard Street, from E. Locust Avenue to E. Jackson Avenue.

2. Forward to the City Council for final action.

4. FISCAL IMPACT
None. Implementation involves minimal staff time and minimal expenditures that have already been approved in the City’s operating budget.

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology

6. DISCUSSION AND BACKGROUND
Background
A property owner on N. Mallard Street submitted a request to initiate the process for permit parking on a total of five streets adjacent to existing Permit Parking Area L (established in 2007): E. Jackson Avenue, E. Monroe Avenue, E. Locust Avenue, N. Mallard Street and N. Morgan Street. The extents of the requested streets are shown on the attached Area Map. In accordance with the City’s Neighborhood Permit Parking Program (NPPP), staff performed an initial screening of the study area to determine the following:

1. Whether each street is eligible to be considered for permit parking; and

2. If so, does said street lie within a City-defined permit parking opportunity area with streamlined procedures.

Because each of the above streets is eligible for permit parking and outside of a City-defined permit City of Orange Printed on 4/9/2025Page 1 of 3
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Item #: 4.7. 4/9/2025 File #: 25-0201
Because each of the above streets is eligible for permit parking and outside of a City-defined permit parking opportunity area, minimum levels of parking occupancy and property owner support must be met to recommend permit parking. Both are discussed below.

Parking Occupancy Study
Staff mapped and counted the number of legal parking spaces for each of the streets in the study area. The proponent provided staff with the days and times when parking demand in the neighborhood was believed to be at its highest. Staff then conducted the parking observations during those report hours. Per the City’sNPPP, a street parking occupancy rate of 75% is required to qualify for permit parking. N. Mallard Street was the only street to exceed the 75% threshold, with an average parking occupancy of 79%.

N. Morgan Street (7%), E. Jackson Avenue (37%), E. Monroe Avenue (54%), and E. Locust Avenue (44%), each failed to meet the 75% parking occupancy threshold.

Petition Results
Because the parking occupancy exceeded the minimum 75% threshold only on N. Mallard Street, a petition was circulated for those residents (the other streets were not included). The petition letter and a list of permit parking advantages and disadvantages were provided by the Traffic Division to each of the resident property owners and absentee property owners on the candidate streets. The table below shows the results of the neighborhood polling.

Affected Streets Households In Favor Households OpposedUnreturned N. Mallard Street 11 85% 1 7% 1 7%
The final results of the petition process indicate that Mallard Street meets the required minimum 75% of property owners in favor of the permit parking program.

Findings
Through the parking occupancy studies, staff have documented a consistently high demand for on- street parking on N. Mallard Street. Since the level of demand for parking exceeds the minimum requirements under the City’s NPPP, permit parking is recommended on the aforementioned street.

The following should be kept in mind:

1. Under the NPPP, property owners on any adjacent street experiencing spillover may request to initiate permit parking within a year without having to pay the application fee. Parking occupancy, petition thresholds, and other requirements in effect at the time would still apply.

2. Any vehicle parked in a designated parking-by-permit area without a permit is subject to citation. Parking permits do not supersede the street sweeping restrictions in the neighborhood.

7. ATTACHMENTS
· Letter of Request
· Notification Letter
City of Orange Printed on 4/9/2025Page 2 of 3
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Item #: 4.7. 4/9/2025 File #: 25-0201
· Area Map
· Site Sketch & Petition Area Map
City of Orange Printed on 4/9/2025Page 3 of 3
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71472
72473
73474

CITY OF VILLA PARK

CITY OF ORANGE

CITY OF VILLA PARK

CITY OF VILLA PARK

CITY OF VILLA PARK

CITY OF ORANGE

CITY OF ORANGE

CITY OF ORANGE
Legend:

Subject Area
City of Orange Boundaries
Existing Permit Parking Area L (2007)
74475
Legend:

Existing Permit Parking
Area L (2007)
Proposed Addition to
Permit Parking Area L
City of Orange Boundaries

CITY OF VILLA PARK

CITY OF ORANGE

SITE SKETCH & PETITION AREA MAP
Petition Area

CITY OF ORANGE

CITY OF VILLA PARK
75476
City of Orange
City Traffic Commission
April 09, 2025

MINUTES - DRAFT
The Traffic Commission of the City of Orange, California convened on Wednesday, April 09, 2025 at 5:30 p.m. in a Regular Meeting in the Council Chamber, 300 E. Chapman Avenue, Orange, California.

1. OPENING/CALL TO ORDER
Chair Feliz called the meeting to order at 5:31 p.m.

1.1 PLEDGE OF ALLEGIANCE
Vice Chair Ricci led the flag salute.

1.2 ROLL CALL

Present: Ricci, Barbeito, Hamilton, Jurjis, Chavarria, Redding, and Feliz

Absent: None
Commissioner Redding joined the meeting at 5:52 p.m.

2. PUBLIC COMMENTS
None.

3. APPROVAL OF MINUTES

3.1. Approval of minutes of the City of Orange Traffic Commission Regular Meeting held on February 12, 2025.

A motion was made by Vice Chair Ricci, seconded by Commissioner Chavarria, to approve the minutes as presented. The motion carried by the following vote:

Ricci, Barbeito, Hamilton, Jurjis, Chavarria, and FelizAyes:

NoneNoes:

ReddingAbsent:

4. NEW BUSINESS
Vice Chair Ricci recused himself from Item 4.1 due to a conflict of interest with a nearby property and left the dais at 5:34 p.m.

4.1. Installation of time -limited parking and extension of red curb on the west side of S. Citrus Street, south of W. Chapman Avenue, adjacent to the medical office building at 1010 W. Chapman Avenue. Resolution TC 01-2025.

Public Speakers
Fernando Martinez spoke in opposition.

Page 1 of 3 ends

Draft
477
City Traffic Commission Minutes - Draft April 9, 2025
Aharen Hakala spoke in support.

A motion was made by Commissioner Seimone, seconded by Commissioner Chavarria, to: 1) Consider the installation of one -hour parking on the west side of S .

Citrus Street, south of W. Chapman Avenue, adjacent to 1010 W. Chapman Avenue . 2) Adopt Resolution TC 01-2025. A Resolution of the Traffic Commission of the City of Orange for the Establishment of 1-hour Time -Limited Parking on the West Side of S .

Citrus Street, South of W. Chapman Avenue, Adjacent to 1010 W. Chapman Avenue and Associated Parking Lot to the South (Assessor Parcel Numbers 041-041-27 and 041-041-16). 3) Approve the five -foot extension of red curb along the S. Citrus Street frontage of the commercial building addressed at 1010 W. Chapman Avenue. The motion carried by the following vote:

Barbeito, Hamilton, Jurjis, Chavarria, and FelizAyes:

NoneNoes:

ReddingAbsent:

RicciRecuse:

Vice Chair Ricci returned to the dais at 5:45 p.m.

4.2. Installation of blue curb at 1845 E. Grove Avenue.

Public Speakers
Marina Marquez spoke in support.

A motion was made by Commissioner Chavarria, seconded by Commissioner Hamilton, to approve the installation of approximately 22 feet of blue curb along the frontage of 1845 E. Grove Avenue. The motion carried by the following vote:

Ricci, Barbeito, Hamilton, Jurjis, Chavarria, and FelizAyes:

NoneNoes:

ReddingAbsent:

4.3. Installation of a one -way stop control at the intersection of N. Adele Street and E .

Lomita Avenue.

A motion was made by Vice Chair Ricci, seconded by Commissioner Chavarria, to approve the installation of a one -way stop control for westbound Lomita Avenue at N .

Adele Street. The motion carried by the following vote:

Ricci, Barbeito, Hamilton, Jurjis, Chavarria, Redding, and FelizAyes:

NoneNoes:

NoneAbsent:

4.4. Installation of an all -way stop at the intersection of E. Almond Avenue and S .

Center Street.

A motion was made by Chair Feliz, seconded by Commissioner Barbeito to approve the installation of an all -way stop at the intersection of E. Almond Avenue and S .

Center Street. The motion carried as follows:

Ricci, Barbeito, Hamilton, Jurjis, Chavarria, Redding, and FelizAyes:

NoneNoes:

NoneAbsent:

Page 2 of 3 ends

Draft
478
City Traffic Commission Minutes - Draft April 9, 2025

4.5. Installation of red curb along the frontage of 2190 N. Canal Street.

A motion was made by Commissioner Seimone, seconded by Commissioner Chavarria, to approve the installation of red curb along the frontage of 2190 N. Canal Street. The motion carried as follows:

Ricci, Barbeito, Hamilton, Jurjis, Chavarria, Redding, and FelizAyes:

NoneNoes:

NoneAbsent:

4.6. Request for permit parking on both sides of E. Avenida Palmar from west City limits to N. Thora Street and on both sides of N. Sandpiper Circle.

Public Speakers
The following spoke in support: Argelia Wasmack, Peter Petro, and Christine Shepherd.

Santosh Swamidass raised concerns with the amount of permits available per household.

Jovan Rangel spoke in support; however, expressed concerns with fire vehicle access and requested to include Renee Street.

A motion was made by Chair Feliz, seconded Commissioner Chavarria, to: 1) Approve the implementation of permit parking on the following streets: a) both sides of E .

Avenida Palmar from west City limits to N. Thora Street. b) Both sides of N. Sandpiper Circle. 2) Forward to the City Council for final action. The motion carried as follows:

Ricci, Barbeito, Hamilton, Jurjis, Chavarria, Redding, and FelizAyes:

NoneNoes:

NoneAbsent:

4.7. Request for permit parking on both sides of N. Mallard Street, from E. Locust Avenue to E. Jackson Avenue.

Public Speakers
The following spoke in support of approval: Joel Cassara, John Skagp, Daniel Patterson, Michael Christi, and Justin Comer.

A motion was made by Commissioner Chavarria, seconded by Commissioner Hamilton, to: 1) Approve the implementation of permit parking on N. Mallard Street, from E. Locust Avenue to E. Jackson Avenue. 2) Forward to the City Council for final action.The motion carried by the following vote:

Ricci, Barbeito, Hamilton, Jurjis, Chavarria, Redding, and FelizAyes:

NoneNoes:

NoneAbsent:

5. ADJOURNMENT
There being no further business, the meeting adjourned at 6:48 p.m.

The next Regular City Traffic Commission Meeting will be held on Wednesday, June 11, 2025 at 5:30 p.m., in the Council Chamber.
____________________

LARRY TAY

CITY TRAFFIC ENGINEER

Page 3 of 3 ends

Draft
479
480
481
482
Agenda Item
City Council
Item #: 9.3. 5/13/2025 File #: 25-0245
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
Memorandum of Agreement between the City of Orange and the Mabury Ranch Homeowner’s Association for tree maintenance. (Continued from April 8, 2025)

2. SUMMARY
This item is continued from the April 8, 2025, City Council meeting. The City of Orange and the Mabury Ranch Homeowner’sAssociation recognize the importance of maintaining trees within the Mabury Ranch community public right of way for the safety, aesthetic, and environmental benefits it provides. Staff is recommending the approval of a memorandum of agreement with MRHOA for tree maintenance at an initial cost of $99,000, and an ongoing tree maintenance cost of $5,000 annually.

3. RECOMMENDED ACTION
Approve the Memorandum of Agreement with Mabury Ranch Homeowner’s Association for tree maintenance at an initial cost of $99,000, and an ongoing tree maintenance cost of $5,000 annually.

4. FISCAL IMPACT
Upon approval of the appropriation, the initial expense for this Memorandum of Agreement for $99,000 will utilize one-time salary savings, with an additional ongoing annual cost of $5,000 to be funded through General Fund.

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology Objective 5.9: Identify costs and funding associated with maintaining new amenities

6. DISCUSSION AND BACKGROUND
This item is continued from the April 8, 2025, meeting. This agreement has been approved by the Mabury Ranch Homeowner’sAssociation (MRHOA) on March 25, 2025. Under the agreement, the City would assume maintenance responsibilities for the trees within the public right-of-way and liability after an initial two-year indemnification period provided by MRHOA. As a follow-up requested by the City Council, a detailed City arborist report for all Canary Island Pine trees along Serrano Ave. and Cannon Ave. was prepared.

In summary, 52 Pine trees out of 61 Pine trees on Serrano Ave. are planted within a 4 feet wide planter without adequate soil volume and are planted too close to private walls. These trees are recommended for removal. Five trees have defects relating to inadequate spacing and/or they are damaging adjacent infrastructure. These trees are also recommended for removal. Finally, 4 of the City of Orange Printed on 5/7/2025Page 1 of 3
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damaging adjacent infrastructure. These trees are also recommended for removal. Finally, 4 of the 61 Pine trees could be retained, however, it would require the removal of up to 3 Crape Myrtle trees that are adjacent and conflicting with the growth of the Pine trees.

The 22 pine trees along Cannon Avenue have no substantial defects. They have comparatively far more soil volume and are further away from private walls and trees.

In conclusion, staff is recommending all 61 Canary Island Pine trees along Serrano to be removed as part of this agreement. The 22 pine trees along Cannon will be retained with an initial prune.

Below is the summary of all 226 trees as part of this agreement:

Location Canary
Island
Pines
Eucalyptus Elms Crape
Myrtle
Liquid
Amber
Braford
Pears
Total RemovalTotal Initial Pruning
Cannon St. 22 6 28
Serrano Ave. 61 10 13 72 13
Mt.

Mckindley
Blvd.
22 5 22 5
Yellowstone
Blvd.
21 21 2 21 23
Orange Park
Blvd.
5 22 9 5 31
Taft
Extension
7 7
Total 126 100
The removal cost is estimated at $80,000 for 126 trees, including Canary Island Pines and Eucalyptus trees. The remaining 100 trees will require a special trim per the City Arborist’sdirection for an estimated cost of $19,000. Due to the existing landscape and surrounding infrastructure, replanting options are limited, however, staff will endeavor to replace trees where suitable within our existing tree planning program.

By approving this agreement, MRHOA agrees to indemnify the City from all liability arising out of and associated with those trees that used to be maintained by MRHOA as identified in the agreement for a period of two years. In addition, MRHOA will reimburse the City an amount not to exceed $16,000 or the cost of the initial pruning of the 100 trees.

MRHOA has an interest in the replanting of trees in and adjacent to the Mabury Ranch community.

MRHOA will reimburse the City up to $5,000 in 2025 and another additional $5,000 in 2026 for replanting. Any trees planted will remain the maintenance obligation of the City.

7. ATTACHMENTS
· Memorandum of Agreement
· City Arborist Report
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· Serrano and Cannon Inspection Note
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Agenda Item
City Council
Item #: 9.3. 5/13/2025 File #: 25-0245
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
Memorandum of Agreement between the City of Orange and the Mabury Ranch Homeowner’s Association for tree maintenance. (Continued from April 8, 2025)

2. SUMMARY
This item is continued from the April 8, 2025, City Council meeting. The City of Orange and the Mabury Ranch Homeowner’sAssociation recognize the importance of maintaining trees within the Mabury Ranch community public right of way for the safety, aesthetic, and environmental benefits it provides. Staff is recommending the approval of a memorandum of agreement with MRHOA for tree maintenance at an initial cost of $99,000, and an ongoing tree maintenance cost of $5,000 annually.

3. RECOMMENDED ACTION
Approve the Memorandum of Agreement with Mabury Ranch Homeowner’s Association for tree maintenance at an initial cost of $99,000, and an ongoing tree maintenance cost of $5,000 annually.

4. FISCAL IMPACT
Upon approval of the appropriation, the initial expense for this Memorandum of Agreement for $99,000 will utilize one-time salary savings, with an additional ongoing annual cost of $5,000 to be funded through General Fund.

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology Objective 5.9: Identify costs and funding associated with maintaining new amenities

6. DISCUSSION AND BACKGROUND
This item is continued from the April 8, 2025, meeting. This agreement has been approved by the Mabury Ranch Homeowner’sAssociation (MRHOA) on March 25, 2025. Under the agreement, the City would assume maintenance responsibilities for the trees within the public right-of-way and liability after an initial two-year indemnification period provided by MRHOA. As a follow-up requested by the City Council, a detailed City arborist report for all Canary Island Pine trees along Serrano Ave. and Cannon Ave. was prepared.

In summary, 52 Pine trees out of 61 Pine trees on Serrano Ave. are planted within a 4 feet wide planter without adequate soil volume and are planted too close to private walls. These trees are recommended for removal. Five trees have defects relating to inadequate spacing and/or they are damaging adjacent infrastructure. These trees are also recommended for removal. Finally, 4 of the City of Orange Printed on 5/7/2025Page 1 of 3
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damaging adjacent infrastructure. These trees are also recommended for removal. Finally, 4 of the 61 Pine trees could be retained, however, it would require the removal of up to 3 Crape Myrtle trees that are adjacent and conflicting with the growth of the Pine trees.

The 22 pine trees along Cannon Avenue have no substantial defects. They have comparatively far more soil volume and are further away from private walls and trees.

In conclusion, staff is recommending all 61 Canary Island Pine trees along Serrano to be removed as part of this agreement. The 22 pine trees along Cannon will be retained with an initial prune.

Below is the summary of all 226 trees as part of this agreement:

Location Canary
Island
Pines
Eucalyptus Elms Crape
Myrtle
Liquid
Amber
Braford
Pears
Total RemovalTotal Initial Pruning
Cannon St. 22 6 28
Serrano Ave. 61 10 13 72 13
Mt.

Mckindley
Blvd.
22 5 22 5
Yellowstone
Blvd.
21 21 2 21 23
Orange Park
Blvd.
5 22 9 5 31
Taft
Extension
7 7
Total 126 100
The removal cost is estimated at $80,000 for 126 trees, including Canary Island Pines and Eucalyptus trees. The remaining 100 trees will require a special trim per the City Arborist’sdirection for an estimated cost of $19,000. Due to the existing landscape and surrounding infrastructure, replanting options are limited, however, staff will endeavor to replace trees where suitable within our existing tree planning program.

By approving this agreement, MRHOA agrees to indemnify the City from all liability arising out of and associated with those trees that used to be maintained by MRHOA as identified in the agreement for a period of two years. In addition, MRHOA will reimburse the City an amount not to exceed $16,000 or the cost of the initial pruning of the 100 trees.

MRHOA has an interest in the replanting of trees in and adjacent to the Mabury Ranch community.

MRHOA will reimburse the City up to $5,000 in 2025 and another additional $5,000 in 2026 for replanting. Any trees planted will remain the maintenance obligation of the City.

7. ATTACHMENTS
· Memorandum of Agreement
· City Arborist Report
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· Serrano and Cannon Inspection Note
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March 25, 2025
Suitability of AdopƟng and Retaining 61 Canary Island Pine Trees along Serrano Blvd, and 22 Canary Island Pine Trees along Cannon St.

Prepared by:

Micah Jean – City of Orange Tree Services Coordinator
ISA Board CerƟfied Master Arborist WE-9971BM
ISA Tree Risk Assessment Qualified | ISA CerƟfied Urban Forest Professional Prepared for:

Chris Cash – City of Orange Director of Public Works
Background:

In August 2023, I provided a summary report of condiƟons regarding the suitability of adopƟng trees within the Right of Way adjacent to Mabury Ranch HOA. The report primarily served as a broad overview to establish esƟmated iniƟal and future maintenance costs. Future liability concerns due to observable condiƟons was a determining factor in anƟcipated costs.

A thorough inspecƟon of condiƟons was performed in March, 2025. This document serves to provide addiƟonal informaƟon on the 61 Canary Island Pine trees along Serrano Blvd, the 22 Canary Island Pines on Cannon St, and my recommendaƟon to remove the 61 trees on Serrano Ave, if adopted as City responsibility. This document is not intended to provide every observaƟon or potenƟal factor of concern, relaƟng to current condiƟons, defects, and likely future liability of these trees.

Method:

To determine the likelihood of future liability issues, and compaƟbility as City trees: trees were assessed for species characterisƟcs, immediate hazard, tree structural integrity defects, site condiƟons, and observed current infrastructure damage.

Tree Species CharacterisƟcs:

Canary Island Pine is the largest pine species naƟve to the Old World, with recorded height and width of 196’ tall and 105” DBH.

Mature trees are commonly 80-120’tall, with trunk widths 35-50” DBH. Canopy widths are commonly 20-35’.

Specimens in the naƟve range are reported to live over 800 years. In California, anƟcipated longevity is 100-200 years.

On a Low / Moderate / High scale for root damage potenƟal, Canary Island Pine is rated as Moderate.

Canary Island Pine has a generally deep root system. PrevenƟng root related infrastructuredamage relies upon correct site suitability and placement.
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PlanƟng Site CondiƟons:
 On Serrano Ave:
52 trees are located within 11 planters, behind the sidewalk and abuƫng the private HOA wall.

Planters are 4’ wide, with some minor variance in width. Trees within planters are spaced an average of 17’ apart, with some outliers. Trees in planters were measured to be between 7” and 29” to the wall, and from 9” to 28” to the sidewalk.
9 trees are located east of the planters, with distances of up to 7’-9’ to HOA wall, and 26” to 68” to sidewalk.
 On Cannon St:
22 trees are located behind the sidewalk, adjacent to an open trail. Trees are generally spaced between 17’ to 20’ apart. Trees measured between7’to 8’to HOA wall, and 30” to 45” to sidewalk (with 1 excepƟon).

CompeƟƟon with Private Trees:

Many trees were observed to be in current conflict with private property tree canopies, and other trees are anƟcipated to have future conflicts with private trees, as the trees mature.  On Serrano Ave:
22 trees were observed to have canopies within 10’ of private trees. 11 trees were observed to be in contact with private trees. 23 tree trunks were observed to have less than 30’ proximity to private tree trunks.
 On Cannon St:
8 trees were observed to have canopies within 10’ of private trees. 4 trees were observed to be in contact with private trees. 11 tree trunks were observed to have less than 30’ proximity to private tree trunks.

Tree CondiƟons:
 On Serrano Ave:

Current tree size is generally small for the species, with DBH measurements between 5” and 20”. The majority of trees are approximately 8”-12” DBH. The 61 trees have the capacity to grow far larger than their current size. Defects in the main stem or branch structure were observed in many (15) trees. Of 15 trees with observed structural defects, 5 consƟtuted severe defects that currently warrant tree removal.

Of the 9 trees to the east and outside of the 4’ planters:
3 trees are sƟll staked, and staked improperly with a splint, which weakens trunk development. 2 addiƟonal trees were observed with poor structure.
4 trees have observable adjacent infrastructure damage. 1 tree trunk measured 9’ to light pole.
3 trees have insufficient distance to 1 or more adjacent Crape Myrtle trees.  On Cannon St:

DBH measurements range from 10”-27”. The majority of trees are approximately 17”-20”. The 22 trees are anƟcipated to grow larger than their current size. 5 trees were improperly pruned to remove the majority of branches on the East facing side. 1 tree was impacted by an embedded 3”metal pole. No other substanƟal defects were observed.
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Current Infrastructure Damage:
 On Serrano Ave:
41/61 tree locaƟons observed to have current adjacent infrastructure damage. 27 locaƟons observed to have damage to public infrastructure. 28 locaƟons observed to have damage to adjacent private wall.
 On Cannon St:
13/22 tree locaƟons observed to have current adjacent infrastructure damage. 8 locaƟons observed to have damage to public infrastructure. 7 locaƟons observed to have damage to adjacent private wall.

PotenƟal for Future Damage and Liability:

Proper planning for tree planƟng is essenƟal to have healthy, long lived trees that provide many benefits, while limiƟng liability over the lifeƟme of trees.

When determining suitable tree placement for a site, an important factor is the space available for canopy, trunk, and root growth. Considering soil volume is a necessary component of site suitability.

Trees require adequate oxygen-rich soil space for their roots, to anchor and provide the tree water and nutrients. When trees are surrounded by hardscape, their available root space isgreatly diminished and made more inhospitable due to soil compacƟon, and other factors. When trees are placed close together, this also reduces soil volume available per tree, and the trees compete for this space. These condiƟons can create adverse effects, such as: stunted growth, poor health, poor anchorage, abnormal or raised root crown (mounding of the soil around trees), suscepƟbility to spread of pests and disease, increased likelihood of root conflicts with infrastructure, and increased likelihood of tree failure.

Generally, a “good”soil volume for a large tree is 1000 cu. Ō. For reference, the County of San Diego requires 600 cu. Ō. for small trees, 1000 cu. Ō. for medium size trees, and 1500 cu. Ō. for large trees (County of San Diego BMP Design Manual, SecƟon K, pg 32). The City of Orange Master Street Tree Plan (1999) establishes 8’ x 8’ as a minimum planƟng area for the species. If the root zone is limited to an 8’ x 8’ square, the soil volume is esƟmated as 192 cu. Ō.  On Serrano Ave:
52 trees within the 4’ planters do not meet the minimum requirement of an 8’ x 8’ square, and also do not have adequate soil volume. Trees within the 4’ planter are very likely to cause both public and private infrastructure damage. It is very likely that the future replacement of surrounding infrastructure would require the removal of trees.
 On Cannon St:
22 trees have comparaƟvely far more soil volume, and root space. Trees are located further from the private wall, as well as sidewalk. Trees are inadequately spaced, and in too close proximity to private trees. Due to the current proximity of the privatewall and sidewalk, there is opportunity to follow the City standard operaƟng procedure for root miƟgaƟons. There is potenƟal for selecƟve root removal to allow for retenƟon of trees, at the Ɵme of potenƟal future sidewalk replacement.

Conclusion:

The Canary Island Pine trees of concern are generally not observed to be diseased, though there are a range of minor to major defects on some trees. Many trees have adjacent infrastructure damage present. Many trees have canopy conflicts with private trees.  On Serrano Ave:

The mature size of the species is highly non-compaƟble with the proximity to the HOA wall, as well as the undersized planter where they reside. The current size of the pines is considered small/ immature for the species, and it is anƟcipated that they would grow much larger . A mature Canary Island Pine 3 497
has the potenƟal trunk size over 4’ in diameter,as wide as the enƟre planter . As trees mature, their trunk flare and root crown (the widening at the base of the tree, where the trunk connects to the roots) oŌen become more pronounced, which has a very high likelihood of damage to adjacent infrastructure when planted in inadequate space.

Due to the inadequate space, the likelihood of any root miƟgaƟons performed being successful without undermining the stability of the trees is unlikely. When making determinaƟons to the suitability of selecƟve root removal for root miƟgaƟons, proximity of cuts to the trunk is a major consideraƟon. It would be very likely that sidewalk replacement would result in observaƟons of root caused damage, and required root miƟgaƟons would result in the removal of trees.

It is very likely that 52 trees planted within the 4’ planter will present with future liability issues. The likelihood of future issues greatly exceeds the potenƟal liability of typical new City tree locaƟons, due to the combinaƟon of small planter size, proximity to private infrastructure, and species.

The 9 trees not located in 4’ planters are assessed to havecomparaƟvely lower likelihood of damage related to soil volume, and distance to the private wall. The 9 trees were observed to have defects, substanƟally inadequate spacing, and current adjacent infrastructure damage. 61/61 Canary Island Pine Trees located on Serrano Ave are recommended for removal, if adopted as City responsibility.
 On Cannon St:

There is a comparaƟvely far greater space between infrastructure and trees, on Cannon St. Due to more available space, there is potenƟal to follow normal root assessment and miƟgaƟon procedures during infrastructure repair .
22/22 Canary Island Pine Trees located on Cannon St are recommended for retenƟon, if adopted as City responsibility.
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Examples of Current Infrastructure Damage
28 tree locations observed to have current damage to adjacent private wall. 5 499
Examples of Current Infrastructure Damage
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Serrano Canary Island Pine INSPECTION NOTES 3/17-18 2025 West to East
PlanterTree NumberDBH Sidewalk Private WallAdjacent PineTrunk to trunkCanopy Defects / Other Current Infrastructure damage observed 1 T-1 10" 17" 29" 18' 15' Poor Structure, Co-dominate Sidewalk displaced at 7' to trunk, sidewalk cracked at 2' to trunk, cracked curb and gutter 1 T-2 8" 22" 20" 16' 10' In contact
1 T-3 9" 18" 26" 17' 8' In contact
1 T-4 8" 21" 25" 16' 12' Cracked curb and gutter
1 T-5 9" 20" 20" Last in row 2@5', 1@15' 4' to cracked wall column 2 T-6 Vacant site, tree previously removed. 8' from previous tree location: Displaced and cracked sidewalk. cracked curb and gutter 2 T-7 11" 16" 18" 17' 2' - Cracked wall. Cracked curb and gutter. 2 T-8 14" 20" 14" 17' Very poor structure. Increased risk of failure. 2.5' cracked / patched wall. Multiple underground utilities between T-8 and T-9, with cracked concrete. 2 T-9 13" 12" 17" 17' Wall cracks 1@2', 1@6'. Chipped sidewalk. Cracked curb and gutter. 2 T-10 14" 16" 19" Last in row 8' Trunk proximity to light pole. Displaced sidewalk panels @5' @8', grinds at 15', Cracks around light pole. 3 T-11 16" 18" 19" 17' 4" surface root between trunk and column Cracked block in wall column. Cracked and raised sidewalk at 8' 3 T-12 13" 18" 21" 17' Wall crack adjacent to trunk. Additional light crack between T-11 and T-12. Minor sidewalk crack, and broken corner of panel. 3 T-13 13" 17" 20" 17' Light wall crack @ 2.5'
3 T-14 20" 17" 18" 3" root abutting sidewalk. Very poor structure. Co-dom at 4'.Sidewalk displaced. Wall cracked @2', @6'. 3 T-15 14" 17" 24" Last in row Poor branch structure. SW cracked and displaced at 6'. Wall column cracked at 5'. 4 T-16 8" 18" 25" 17' Vertical wall crack @4', Broken SW at 8' 4 T-17 12" 23" 21" 18' Poor branching structure
4 T-18 12" 20" 20" 18' 25' Less than 1' Vertical crack @3' 4 T-19 8" 24" 21" 16' 20' 0' Cracked curb and gutter
4 T-20 8" 24" 20" Last in row 25' 3' Very poor structure, narrow co-dom w/ included barkCracked wall and column 5 T-21 8" 20" 21" 15' Narrow canopy, 2" surface root
5 T-22 7" 18" 18" 18' 30' 2' Root barrier @10", surface roots, poor trunk flare. Narrow.Vertical crack in wall @3' 5 T-23 8" 15" 19" 25' 0' Root barrier @4". Poor / lack of radial flare. 5 T-24 9" 14" 20" 16' Sprinkler @6"
5 T-25 7" 26" 30" Last in row 12' 0' All branches limited to North side. Surface roots. 6 T-26 4" 24" 24" 16' 30' 0' Staked and tied @ 12'. Root barrier @ 6" 6 T-27 12" 20" 20" 18' CompetingRoot barrier @ 10". Poor radial flare. 6 T-28 8" 28" 26" 17' Root barrier @9". Wall cracked / patched @ 4' 6 T-29 10" 24" 24" 17' Root barrier @12" Adjacent SW panel displaced. Wall cracked / patched. 6 T-30 12" 21" 22" last in row Root barrier @6". Sprinkler @16" Adjacent concrete grinds. Cracked and raised SW parallel with wall, broken curb and gutter 7 T-31 7" 25" 26" 18' 20' 3' Root barrier@12". Sprinkler@24" 7 T-32 9" 18" 25" 17' 15' 1' Root barrier@10". Surface roots. Raised concrete panel. Cracked wall column @3' 7 T-33 12" 18" 19" 18' 0' Sprinkler @18". Surface roots. Very poor structure. 7 T-34 9" 20" 17" 18' Ultility man-hole, with cracked sw. 7 T-35 10" 21" 7" 17' Root barrier@12". Corrected lean. Co-dom @20'. Displaced concrete panel. 7 T-36 12" 21" 21" 20' cracked wall column@4'. Minor SW displacement@3' 7 T-37 12" 21" 22" Last in row 20' and 30' 4' and 6'Surface roots abutt wall. 8 T-38 14" 18" 24" 21' 8' to light pole. 1' proximity of canopy to pole. Adjacent concrete to all trees in 8th planter appears minor elevated on planter sd, and depressed at curb side. 8 T-39 10" 24" 26" 19' Patched wall crack
8 T-40 12" 23" 23" last in row 15' CompetingRoot barrier@10" 9 T-41 10" 22" 28" 18' 45' 5' Surface root. Raised and cracked SW. 9 T-42 10" 23" 25" 18' 20' 3' Cracked wall, missing brick. 9 T-43 10" 24" 23" 24' 25' trunk 9' to light pole. Canopy @3' to pole. Wall lightly cracked 9 T-44 5" 27" 26" 12' 8' 0' Corrected lean. Stake tied at 8'. Root barrier@12".Cracked/patched wall. 9 T-45 7" 24" 25" Last in row 20' 0' Wall cracked. Cracked and raised SW at 18' 10 T-46 8" 18" 26" 17' Competing with adjacent pine. 3' to Edison Vault. 10 T-47 18" 20" 18" 20' Cracked wall @6'
10 T-48 9" 14" 23" last in row Very poor structure. Likely previously topped at 9'.Cracked and raised SW @14'. Adjacent SW panel cracked at seam. 11 T-49 20" 9" 19" 18' Sprinkler @4". Lightpole 12' to trunk. Poor structure.Displaced SW@6'. 11 T-50 16" 13" 23" 19'
11 T-51 14" 15" 17" 18' Wall crack @8'. Surface roots.
11 T-52 9" 20" 19" Last in row Co-dom with included bark @20' Wall crack at 2' OutsideT-53 8" 32" 86" Corrected lean. Poor structure. 7' to wall crack.

OutsideT-54 13" 26" 85" 22' 9' to light pole. Sidewlk cracked @11' OutsideT-55 13" 68" 84" 23' 30' Possible retention. Wall cracked OutsideT-56 12" 68" 84" 15' Possible retention. SW cracked at 7'. Wall cracked at 18' OutsideT-57 6" 40" 120" 47' Improperly staked with splint. Too close to private Euc.

OutsideT-58 35" 120" 18' 9' Co-dom . Improperly staked with splint.

OutsideT-59 5" 54" 108" 15' 25' 8' Improperly staked with splint.

OutsideT-60 9" 52" 108" 29' 20' 4' Corrected lean @2'. Narrow competing leader at 10'Compensating root growth on SW side likely to increase, due to lean.

OutsideT-61 13" 48" 108" Possible retention Multiple Crape Myrtle in conflict (6", 2" DBH) Infrastructure Proximity to trunk Proximity to Private tree 508
Cannon St Canary Island Pine INSPECTION NOTES 3/25/25
South to North
Tree NumberDBH Sidewalk Private WallAdjacent PineTrunk to trunkCanopy Defects / Other Current Infrastructure damage observed T-1 17" 35" 90" 19' 14' Improperly pruned to remove majority of branches on east facing side, and to remove overhang of private trees.

T-2 18" 39" 90" 20' 15' Improperly pruned to remove majority of branches on east facing side, and to remove overhang of private trees.

T-3 20" 38" 90" 20' 10' 8' Improperly pruned to remove majority of branches on east side.2" and 3" surface roots observed.

T-4 14" 30" 96" 21' 12' Improperly pruned to remove majority of branches on east side.Sidewalk cracked @ 11' T-5 11" 45" 96" 17' 16' 8' Improperly pruned to remove majority of branches on east side.Sidewalk displaced @4' T-6 17" 35" 96" 17' 10' 0' Elevated root crown. Wall cracked T-7 19" 35" 96" 19' 15' 3'
T-8 20" 38" 96" 20' 13' 0'
T-9 12" 34" 96" 19' Corrected lean
T-10 26" 34" 90" 67' Displaced sidewalk at 6'
T-11 19" 36" 90" 19' 8' to light pole. Sidewalk displaced @8'. Wall crack@9' T-12 21" 38" 84" 18'
T-13 17" 38" 90" 19' 15' 0' wall crack @7'
T-14 20" 35" 90" 18' 3" metal pole embedded in trunk. patched wall crack.

T-15 21" 28" 90" 20' 20' 0' 10" to "RCV" utility box. Sidewalk displaced @6' T-16 10" 39" 96" 20' Sidewalk displaced @4'
T-17 22" 36" 90" 20' Sidewalk displaced @8'. Wall crack@8' T-18 15" 40" 96" 73' 16' 0'
T-19 23" 31" 90" 19' minor wall crack
T-20 19" 37" 90" 19' Sidewalk displaced@6'. Wall cracked.

T-21 27" 32" 90" 19' 5' to "RCV" utility box Sidewalk cracked.

T-22 19" 6" 90" 5.5' to light pole. New sidewalk installed very close to trunk.

Infrastructure Proximity to trunk Proximity to Private tree 509
Agenda Item
City Council
Item #: 9.4. 5/13/2025 File #: 24-0669
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Russell Bunim, Community Development Director

1. SUBJECT
First Amendment to Subrecipient Agreement with The Hub OC for supportive services to qualifying populations under the HOME Investment Partnerships Program American Rescue Plan to identify eligible expenses managed by The Hub OC at the Hub Resource Center and reimburse the General Fund (100).

2. SUMMARY
First Amendment to Subrecipient Agreement with The Hub OC to increase compensation by $503,371, for a total not-to-exceed amount of $1,293,032, to reimburse eligible expenses to the General Fund as approved through the City’sHOME Investment Partnerships Program American Rescue Plan Allocation Plan. This Amendment is necessary for the drawdown of remaining HOME- ARP funds and to reimburse the General Fund (100) for the remaining amount of $503,371.

3. RECOMMENDED ACTION
Approve the amendment to the agreement with The Hub OC for $503,371, for a total compensation of $1,293,032, for supportive services to qualifying populations under the HOME Investment Partnerships Program American Rescue Plan Allocation Plan; and authorize the Mayor and the City Clerk to execute on behalf of the City.

4. FISCAL IMPACT
This Amendment reimburses the General Fund (100) an additional $503,371 for eligible expenses under the HOME Investment Partnerships Program American Rescue Plan Allocation Plan with The Hub OC.

5. STRATEGIC PLAN GOALS
Goal 3: Enhance Public Communication Strategy and Quality of Life.

6. DISCUSSION AND BACKGROUND
The American Rescue Plan Act of 2021 (ARP) appropriated $5 billion to jurisdictions that qualified for HOME Investment Partnerships Program (HOME) in Fiscal Year 2021. The purpose of HOME-ARP is to provide housing, services, and shelter to individuals experiencing homelessness, at-risk of homelessness, victims of domestic violence, and other vulnerable populations. The City of Orange was eligible to receive $1,655,244 and was approved for the funding by the Department of Housing and Urban Development (HUD) with the adoption and approval of the City of Orange HOME-ARP City of Orange Printed on 5/7/2025Page 1 of 2
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Item #: 9.4. 5/13/2025 File #: 24-0669
Allocation Plan (Allocation Plan) on May 8, 2023.

On May 1, 2023, the city issued a Request for Proposals to identify service providers offering specialized services to those experiencing homelessness and other vulnerable populations. The Hub OC was the only agency to submit a proposal. The Hub OC has been providing supportive services through The Hub Resource Center (HRC) at 517 W. Struck since May 2, 2022 that includes, but is not limited to, continuum of care services, laundry, shower, restroom, mail, and food distribution. In addition, the HRC connects the unhoused with access to shelter services through the Coordinated Entry System and Homeless Management Information System, provides access to phones and fax services, veterinary services, COVID-19 vaccinations, haircuts, and referrals to clothing providers. In response to the RFP, the City approved the agreement with The Hub OC on September 12, 2023, to continue the services at the HRC in accordance with the Allocation Plan.

When the City initially approved the agreement for $789,661, the compensation was based on estimates of the following:

1. Estimated eligible expenses incurred prior to entering the HOME-ARP agreement with The Hub OC and originally paid for through the general fund;

2. Proportion of the operations expected to be managed by The Hub OC moving forward; and

3. Estimated eligible expenses for the operations expected to be managed by the City, including the rental of showers, laundry, and restrooms.

After review of actual expenses, it was determined that the eligible expenses managed by The Hub OC were $1,293,032. The increase was a result of The Hub OC taking on the management of additional services, including shower, laundry, and restroom services previously managed by the City after the Agreement was approved.

The Amendment increases the compensation and reimbursement of the General Fund for the operations managed by The Hub OC in accordance with the Allocation Plan. The Amendment reclassifies the eligible expenses previously identified as City managed resources to The Hub OC managed resources and allows for the drawdown and reimbursement to the General Fund for the remaining $503,371 of HOME-ARP funds available.

Staff recommends approving the First Amendment to the Subrecipient Agreement with The Hub OC in order to access the remaining HOME-ARP funds of $503,371 and request the reimbursement drawdown from HUD.

7. ATTACHMENTS
· First Amendment to Subrecipient Agreement with The Hub OC · City of Orange HOME-ARP Allocation Plan
City of Orange Printed on 5/7/2025Page 2 of 2
powered by Legistar™
511
Agenda Item
City Council
Item #: 9.4. 5/13/2025 File #: 24-0669
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Russell Bunim, Community Development Director

1. SUBJECT
First Amendment to Subrecipient Agreement with The Hub OC for supportive services to qualifying populations under the HOME Investment Partnerships Program American Rescue Plan to identify eligible expenses managed by The Hub OC at the Hub Resource Center and reimburse the General Fund (100).

2. SUMMARY
First Amendment to Subrecipient Agreement with The Hub OC to increase compensation by $503,371, for a total not-to-exceed amount of $1,293,032, to reimburse eligible expenses to the General Fund as approved through the City’sHOME Investment Partnerships Program American Rescue Plan Allocation Plan. This Amendment is necessary for the drawdown of remaining HOME- ARP funds and to reimburse the General Fund (100) for the remaining amount of $503,371.

3. RECOMMENDED ACTION
Approve the amendment to the agreement with The Hub OC for $503,371, for a total compensation of $1,293,032, for supportive services to qualifying populations under the HOME Investment Partnerships Program American Rescue Plan Allocation Plan; and authorize the Mayor and the City Clerk to execute on behalf of the City.

4. FISCAL IMPACT
This Amendment reimburses the General Fund (100) an additional $503,371 for eligible expenses under the HOME Investment Partnerships Program American Rescue Plan Allocation Plan with The Hub OC.

5. STRATEGIC PLAN GOALS
Goal 3: Enhance Public Communication Strategy and Quality of Life.

6. DISCUSSION AND BACKGROUND
The American Rescue Plan Act of 2021 (ARP) appropriated $5 billion to jurisdictions that qualified for HOME Investment Partnerships Program (HOME) in Fiscal Year 2021. The purpose of HOME-ARP is to provide housing, services, and shelter to individuals experiencing homelessness, at-risk of homelessness, victims of domestic violence, and other vulnerable populations. The City of Orange was eligible to receive $1,655,244 and was approved for the funding by the Department of Housing and Urban Development (HUD) with the adoption and approval of the City of Orange HOME-ARP City of Orange Printed on 5/7/2025Page 1 of 2
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512
Item #: 9.4. 5/13/2025 File #: 24-0669
Allocation Plan (Allocation Plan) on May 8, 2023.

On May 1, 2023, the city issued a Request for Proposals to identify service providers offering specialized services to those experiencing homelessness and other vulnerable populations. The Hub OC was the only agency to submit a proposal. The Hub OC has been providing supportive services through The Hub Resource Center (HRC) at 517 W. Struck since May 2, 2022 that includes, but is not limited to, continuum of care services, laundry, shower, restroom, mail, and food distribution. In addition, the HRC connects the unhoused with access to shelter services through the Coordinated Entry System and Homeless Management Information System, provides access to phones and fax services, veterinary services, COVID-19 vaccinations, haircuts, and referrals to clothing providers. In response to the RFP, the City approved the agreement with The Hub OC on September 12, 2023, to continue the services at the HRC in accordance with the Allocation Plan.

When the City initially approved the agreement for $789,661, the compensation was based on estimates of the following:

1. Estimated eligible expenses incurred prior to entering the HOME-ARP agreement with The Hub OC and originally paid for through the general fund;

2. Proportion of the operations expected to be managed by The Hub OC moving forward; and

3. Estimated eligible expenses for the operations expected to be managed by the City, including the rental of showers, laundry, and restrooms.

After review of actual expenses, it was determined that the eligible expenses managed by The Hub OC were $1,293,032. The increase was a result of The Hub OC taking on the management of additional services, including shower, laundry, and restroom services previously managed by the City after the Agreement was approved.

The Amendment increases the compensation and reimbursement of the General Fund for the operations managed by The Hub OC in accordance with the Allocation Plan. The Amendment reclassifies the eligible expenses previously identified as City managed resources to The Hub OC managed resources and allows for the drawdown and reimbursement to the General Fund for the remaining $503,371 of HOME-ARP funds available.

Staff recommends approving the First Amendment to the Subrecipient Agreement with The Hub OC in order to access the remaining HOME-ARP funds of $503,371 and request the reimbursement drawdown from HUD.

7. ATTACHMENTS
· First Amendment to Subrecipient Agreement with The Hub OC · City of Orange HOME-ARP Allocation Plan
City of Orange Printed on 5/7/2025Page 2 of 2
powered by Legistar™
513

FIRST AMENDMENT
TO

COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM

HOME-ARP

SUBRECIPIENT AGREEMENT

THIS FIRST AMENDMENT TO COMMUNITY DEVELOPMENT BLOCK
GRANT PROGRAM HOME-ARP SUBRECIPIENT AGR EEMENT (the “First Amendment”) is made and entered into as of November 26, 2024, by and between the CITY OF ORANGE, a municipal corporation (“City”), and The HUB OC, a California nonprofit corporation (the “Subrecipient”), with reference to the following:

A. City and Subrecipient entered into an Agreement (Agreement No. 7568) dated as of May 8, 2023, which is incorporated herein by this reference (the “Original Agreement”); and

B. City and Contractor desire to amend the Original Agreement to modify, amend and supplement certain portions of the Original Agreement by revising the Scope of Services and increasing the compensation.

NOW, THEREFORE, the parties hereby agree as follows:

Section 1. Defined Terms. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement.

Section 2. Cross-References. City and Contractor agree that all references in this First Amendment are deemed and construed to refer to the Original Agreement, as implemented by this First Amendment.

Section 3 Term. The term of this agreement covers all eligible expenses under the HOME-ARP Allocation Plan adopted by the City and approved by HUD as of May 8, 2023.

Section 4 Compensation. The total not -to-exceed compensation for the services to be rendered as set forth in the Original Agreement is increased by FIVE HUNDRED THREE THOUSAND THREE HUNDRED SEVENTY -ONE DOLLARS and 00/100 ($503,371.00) and Agreement is hereby amended in its entirety to read as follows:

“WHEREAS, a total Subgrant of One Million Two Hundred Ninety -Three Thousand Thirty-Two Dollars and 00/100 ($1,293,032.00) was approved by the City Council on March 14, 2023 through the adoption of the Second Amendment to the City’s 2021-2022 Annual Action Plan”

Section 5. Integration. This First Amendment amends, as set forth herein, the Original Agreement and, except as specifically amended hereby, the Original Agreement shall remain in full force and effect. To the extent that there is any conflict or inconsistency between 514
2 the terms and provisions of this First Amendment and the terms and provisions of the Original Agreement, the terms and provisions of this First Amendment shall control and govern the rights and obligations of the parties.

IN WITNESS of this First Amendment, the parties enter into this First Amendment on the year and day first above written.

“SURECIPIENT” “CITY”

The HUB OC, a California nonprofit corporation CITY OF ORANGE, a municipal corporation

*By: By:

Printed Name: Daniel R. Slater, Mayor
Title:

*By: ATTEST:

Printed Name:

Title:

Pamela Coleman, City Clerk

APPROVED AS TO FORM:

Nathalie Adourian
Senior Assistant City Attorney

*NOTE: If Contractor is a corporation, the City requires the following signature(s):
-- (1) the Chairman of the Board, the President or a Vice-President, AND (2) the Secretary, the Chief Financial Officer, the Treasurer, an Assistant Secretary or an Assistant Treasurer. If only one corporate officer exists or one corporate officer holds more than one corporate office, please so indicate. OR -- The corporate officer named in a corporate resolution as authorized to enter into this Agreement. A copy of the corporate resolution, certified by the Secretary close in time to the execution of the Agreement, must be provided to the City.

√
515
,(
the terms and provisions of this First Amendment and the terms and provisions of the Original Agreement, the terms and provisions of this First Amendment shall control and govem the rights and obligations of the parties.

IN WITNESS of this First Amendment, the parties enter into this First Amendment on the year and day first above written.
*SURECIPIENT' *CITY'
The HLIB OC, a Califomia nonprofit corporation CITY OF ORANGE, a municipal corporation Daniel R. Slater, Mayor
Title:
*By: ATTEST:

Printed Name:

Title:

Pamela Coleman, City Clerk
APPROVED AS TO FORM:
*NUE: If Contractor is a corporation, the City requires the following signature(s):
(1) the Chairman of the Board, the President or a Vice-President, $!p (2) the Secretary, the Chief Financial Officer, the Treasurer, an Assistant Secretary or an Assistant Treasurer. If only one corporate officer exists or one corporate officer holds more than one corporate office, please so indicate. QS The corporate officer named in a corporate resolution as authorized to enter into this Agreemenl A copy of the corporate resolution, certified by the Secretary close in time to the execution of the Agreemenl must be provided to the City.
{
2 516
HOME Investment
Partnerships
Program
American Rescue
Plan
Substantial Amendment to
2021 Annual Action Plan

HOME-ARP ALLOCATION
PLAN
March 2023
517
2 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN

HOME-ARP ALLOCATION PLAN
HOME Investment Partnerships (HOME) Program
American Rescue Plan
518
3 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN

TABLE OF CONTENTS
INTRODUCTION .......................................................................................... 4 CONSULTATION ......................................................................................... 4 PUBLIC PARTICIPATION .......................................................................... 14 NEEDS ASSESSMENT AND GAP ANALYSIS ......................................... 16 HOME-ARP ACTIVITIES ........................................................................... 30 HOME ARP PRODUCTION HOUSING GOALS ....................................... 31 PREFERENCES ........................................................................................ 31 HOME- ARP REFINANCING GUIDELINES .............................................. 31 REFERRAL METHODS ............................................................................. 32 APPENDIX A: Public Participation Comments .......................................... 40 APPENDIX B: HOME-ARP Certifications & SF 424 Form ........................ 51 519
4 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN

INTRODUCTION
The City of Orange’s HOME-American Rescue (ARP) Allocation Plan describes how the City of Orange engaged in the consultation and public participation process as part of the Plan’s development and requirements. It outlines how the City will use HOME-ARP funds to address the needs of qualifying populations who are defined as persons who are: (1) homeless, as defined in section 103(a) of the McKinney-Vento Homeless Assistance Act, as amended (42 U.S.C.11302(a)) (“McKinney-Vento”); (2) at risk of homelessness, as defined in section 401 of McKinney-Vento; (3) fleeing, or attempting to flee domestic violence, dating violence, sexual assault, stalking, or human trafficking; (4) part of other populations where providing supportive services or assistance would prevent a family’s homelessness or would serve those with the greatest risk of housing instability; or (5) veterans and families that include a veteran family member that meet the criteria in one of (1)-(4) above.

The City will receive $1,655,186 in HOME-ARP funding to be used in accordance with the HOME-ARP Guidelines and as described in this Allocation Plan.

The eligible activities for HOME-ARP activities are as follows:

1. Administration and Planning Costs;

2. Development of Rental Housing (Acquisition, Rehabilitation, Construction);

3. Development of Non-Congregate Shelter (Acquisition, Rehabilitation, Construction);

4. Tenant-Based Rental Assistance (TBRA);

5. Supportive Services; and

6. Nonprofit Operating and Capacity Building Assistance.

The contents of this plan will address how the City of Orange proposes to use its HOME-ARP Funds in accordance with the eligible activity proposed in this HOME- ARP Allocation Plan.

The following are the major components addressed in the plan:

1. Consultation;

2. Public Participation;

3. Needs Assessment and Gaps Analysis;

4. Identification of HOME-ARP Activities;

5. HOME-ARP Production Goals;

CONSULTATION
The City of Orange undertook an extensive consultation process to encourage public participation in the development of its HOME ARP-Allocation Plan. The consultation meetings helped inform this HOME ARP-Allocation Plan by providing additional information and data on the four qualifying populations. The 520
5 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN
consultations also included one-on-one interviews with the qualifying population to assess needs and determine the gaps in services. Through the consultations, the City was able to identify gaps in shelter, housing, and other service delivery systems. Most importantly, the City identified potential collaborations for administering HOME-ARP eligible activities.

In accordance with the HOME-ARP Guidelines, the City consulted with the following agencies before developing its HOME-ARP allocation plan:
 Continuum of Care (CoC) agencies serving the jurisdiction’s geographic area;
 Homeless service providers;
 Domestic violence service providers;
 Veterans’ groups;
 Public housing agencies (PHAs);
 Public agencies that address the needs of the qualifying populations; and  Public or private organizations that address fair housing, civil rights, and the needs of persons with disabilities.

Stakeholder Consultation
The consultation meetings were held as follows:
 Consultation Meeting #1 – Virtual meeting
October 13, 2022, 7:00 p.m.
 Consultation Meeting #2 – Virtual meeting
October 18, 2022, 6:00 p.m.
 Consultation Meeting #3 – Weimer Room, 300 E. Chapman Avenue October 25, 2022, 6:00 p.m.
 Consultation Meeting #4 – Virtual Meeting
October 27, 2022, 7:00 p.m.
 Consultation Meeting #5 – Virtual Meeting
November 1, 2022, 4:00 p.m.
 Consultation Meeting #6 – Handy Park, 2143 E. Oakmont Avenue November 3, 2022, 6:00 p.m.
 Consultation Meeting #7 – El Camino Park, 400 N. Main Street November 10, 2022, 7 p.m.

The consultation meetings were coordinated to include public noticing and email invitations to all required participants under the HOME-ARP guidelines. 521
6 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN
The meetings included:

1. Overview of the funding available to the City under the HOME-ARP program;

2. PowerPoint Presentation by City staff describing the funding source, HOME-ARP Allocation Plan Process, and the eligible activities the City considered for inclusion in the HOME-ARP Allocation plan;

3. Solicitation of feedback for the needs of the Orange qualifying population.

The HOME-ARP Allocation Plan was developed following an extensive consultation and outreach effort. The City of Orange conducted extensive outreach activities beginning October 13, 2022. The City held over seven (7) consultation meetings to engage stakeholder groups in the process of its engagement efforts. In addition, fourteen (14) one-on-one interviews were held with homeless advocates, service providers, internal/external stakeholders including City staff, continuum of care partners, fair housing agencies, individuals from the qualifying populations beginning November 2022. The consultation meetings with stakeholders were held virtually and in person. Community Development staff also offered one-on-one consultations to accommodate individuals unable to attend the consultation meetings. For a complete list, please refer to table below.

The interviews were conducted by staff from the City’s Community Development Department and Community Services Department.

The consultations provided attendees with the HOME-ARP Program background, funding availability, eligible uses of funds, and the range of eligible activities to address the needs of the qualifying populations. The consultations were an essential part of assessing the needs of all the qualifying populations because it provided an opportunity to gather data maintained by other organizations.

Through the consultations, the City of Orange:
 Gathered data to understand the needs of the four qualifying populations;  Identified gaps in shelter, housing, or service delivery systems;  Determined eligible activities currently occurring within the City of Orange; and
 Identified potential collaborations for administering HOME-ARP eligible activities.

The consultation meetings with the stakeholders were advertised consistent with the City of Orange’s Citizen Participation Plan. Email communication was also sent to stakeholders. The outreach effort included advertisement via the City’s website and social media, flyers at City Hall Department counters and the Main Library, and on City monitors in at the City Clerk’s Office and Community Services Department. Meetings were also advertised on the City’s channel 3 station. 522
7 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN
Method of Outreach
Method of Outreach Date Target of Outreach
Flyers at:
 Community
Development
Department
 City Clerk Office
 Orange Main Library
 Friends Church
 Youth Centers of
Orange
October 13,
2022 –
November 10,
2022
 City Residents
 Community
Stakeholders
 Elected Officials
City of Orange Official
Website
October 11,
2022 - January
10, 2023
 City Residents
 Community
Stakeholders
 Elected Officials
Social media platforms:
 City of Orange
 The HUB OC
October 13,
2022-November
10, 2022
 City residents
 Community
Stakeholders
 Elected officials
Advertisement Monitors:
 Community Services
 City Clerk
October 13,
2022- November
10, 2022
 City Residents
 Community
Stakeholders
 Elected Officials
Direct email meeting
invitation
Starting October
1, 2022
 Continuum of Care
Service Providers
 Homeless Services
Providers
 Local Hospitals
 Fair Housing Agencies
 Food Service
Providers
 Local Partners (ie.

Starbucks, Full Circle,
City of Orange
Community Services
Department).
 CDBG Committee P
 Planning Commission
Members
 Elected Officials
523
8 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN
City’s Channel 3 Station Starting October
13, 2022 –
November 10,
2022
 City Residents
 Community
Stakeholders
 Elected Officials
One-on-One Interviews Starting October
1, 2022
 Targeted recipients
 Providers
Public Notice Starting
December 1,
2022
Community at Large
Push Notifications of
Meetings
Starting October
1, 2022
Subscribers
The HUB OC newsletter October,
November
Subscribers
Organizations Consulted by Type and Method
The following table includes a list of outreach methods, the date of the meeting and the targeted audience.

Agency/Org Consulted Type of Agency/Org Method of
Consultation

CONTINUUM OF CARE AGENCIES (COC)
Coalition of OC
Community Health
Supports needs of
vulnerable populations
through service, education,
advocacy, and resources
Virtual stakeholder
meetings on 10/13/22,
10/18/22
Did not participate.

Orange County Health
Care Agency - County
of Orange Social
Services
Planning, implementing,
operating social services
One-on-one in-
person consultation
on 11/9/22
Orange County Health
OC Outreach and
Engagement (OC O&E)
Care coordinator, case
management, and
assistance to physical
health, behavioral health,
housing, and other
supportive services
Virtual stakeholder
meetings on 10/13/22,
10/18/22
One-on-one in-person
consultation on
11/9/22
524
9 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN

HOMELESS SERVICE PROVIDERS
The HUB – Homeless
Resource Center (HRC)
Administrator
Local non-profit; homeless
services provider, clothing
provider through their thrift
store, and youth services
through the Youth Centers
of Orange
Virtual stakeholder
meetings 10/13/22,
10/18/22, 10/27/22,
11/1/22
In-person stakeholder
meeting 10/25/22,
11/10/22
Abound Food Prepare and deliver meals
to the HRC
Virtual stakeholder
meeting 10/13/22,
10/18/22
Did not participate.

HomeAid Family care and emergency
shelter
Virtual stakeholder
meetings 10/13/22,
10/18/22
Feeding Freedom Homeless food service
provider
Virtual stakeholder
meeting 10/13/22,
10/18/22
Did not participate.

Helping Hands Homeless service provider Virtual stakeholder meeting 10/13/22,
10/18/22
Did not participate.

Helping Homeless
Companions
Homeless pet service
provider
Invited to virtual
stakeholder meetings
10/13/22, 10/18/22
One-on-one in-person
interview on 11/9/22
Hospital Association of
S. California
Homeless service provider Invited to virtual
stakeholder meeting
10/13/22, 10/18/22
Did not participate.
525
10 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Hurtt Family Clinic Homeless health service
provider
Invited to virtual
stakeholder meeting
10/13/22, 10/18/22
Did not participate.

Lestonacc Medical care and vision
services
Invited to virtual
stakeholder meeting
10/13/22, 10/18/22
Phone consultation on
11/17/22
Love Orange Community Service
Provider
Invited to virtual
stakeholder meeting
10/13/22, 10/18/22
Trellis Homeless Service Provider Virtual stakeholder
meeting 10/13/22,
10/18/22
Did not participate.

Clothing the Homeless Clothing provider for the
homeless
Virtual stakeholder
meeting 10/13/22,
10/18/22
Did not participate
Sisters of St. Josephs Homeless Service Provider Virtual meeting on 10/27/22
Assurance and
American Assistance
Provide free mobile devices
to homeless individuals
One-on-one in-person
interview on 11/15/22
Stay Connect.us Provide free mobile devices
to homeless individuals
One-on-one in-person
interview on 11/9/22
Full Circle Provides clothing assistance
to the homeless through the
HRC
Virtual stakeholder
meeting 10/18/22
Youth Centers of
Orange
Provide child-care
assistance for homeless
families through HRC
Virtual stakeholder
meeting on 10/18/22
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11 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN

DOMESTIC VIOLENCE SERVICE PROVIDERS
HomeAid Family care and emergency
shelter
Virtual stakeholder
meeting 10/18/22
Coalition of OC
Community Health
County of Orange
Continuum of Care
Virtual stakeholder
meeting 10/13/22,
10/18/22
Did not participate.

Volunteers of America Offers programs for
vulnerable populations
including domestic violence
victims and veterans and
their families
Virtual stakeholder
meetings on 10/13/22,
10/18/22
One-on-one in-person
consultation on
11/15/22
VETERANS’ GROUPS
Veterans of OC Veteran’s Advocacy Group Invited to virtual stakeholder meetings
on 10/13/22, 10/18/22
Did not participate.

FAIR HOUSING SERVICE AGENCIES
Fair Housing
Foundation
Housing Advocacy Virtual stakeholder
meetings on
10/13/22, 10/18/22
Phone consultation on
11/17/22

PUBLIC AGENCIES THAT ADDRESS NEEDS OF QUALIFYING

POPULATIONS
CDBG Program
Committee
City of Orange Federal
Funding Board of Review
Virtual stakeholder
meetings on 10/13/22,
10/18/22
527
12 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Orange Police
Department (HEART
Team, Bike Team,
Homeless Outreach
Specialists)
Referrals and assistance to
homeless individuals in the
City of Orange
Virtual Stakeholder
Meeting 10/13/22,
10/18/22, 11/1/22
City of Orange
Community Services
Department
Oversee operations and
services to homeless
community in the city
Virtual stakeholder
Meeting 10/13/22,
10/18/22, 11/1/22
In-person stakeholder
meetings on 11/3/22
and 11/10/22
OC Housing and
Community
Development
Oversee grants for housing
and homeless services
Virtual stakeholder
meetings on 10/13/22,
10/18/22, 12/9/22
Orange County Health
Care Agency - County
of Orange Social
Services
Planning, implementing,
operating social services
Virtual stakeholder
meetings on 10/13/22,
10/18/22
One-on-one in-person
consultation on
11/9/22
Orange County Health
OC Outreach and
Engagement (OC O&E)
Care coordinator, case
management, and
assistance to physical
health, behavioral health,
housing, and other
supportive services
Virtual stakeholder
meetings on 10/13/22,
10/18/22
One-on-one in-person
consultation on
11/9/22

AFFORDABLE AND SPECIAL NEEDS HOUSING PROVIDERS
Orange Housing
Development
Corporation (OHDC)
CHDO Virtual stakeholder
meetings on 10/13/22,
10/18/22
Did not participate.

C&C Development Affordable housing
developer
Virtual stakeholder
meetings on 10/13/22,
10/18/22
Did not participate.
528
13 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Acacia Housing
Advisors
Affordable housing
developer
Virtual stakeholder
meeting on 10/18/22
Mercy Housing Affordable housing
developer
Virtual stakeholder
meetings on 10/13/22,
10/18/22
Did not participate.

OC Housing Authority Housing choice voucher
administrator
Virtual stakeholder
meetings on 10/13/22,
10/18/22
Direct request for
interview on 11/28/22
Summary of Feedback Received from Consulted Organizations Through its consultation process with agencies that serve the qualifying populations in the City of Orange and region, an overwhelming support was voiced for supportive services, for the four HOME-ARP qualifying populationsin the City of Orange.

A great need was also expressed for non-congregate shelters to house the four qualifying vulnerable populations immediately.

Development of affordable housing was also referenced as the most significant issue facing the unsheltered population. There is lack of affordable housing in the County of Orange, as well with a trend of rising rents over the past few years. The lack of affordable housing options creates an obstacle to move those at risk or experiencing homelessness from shelter to permanent housing. Long waiting periods for shelters and affordable housing compound the situation. The issues are further compounded by an individual’s credit worthiness and stability.

Another recurring theme is that most landlords are not accepting Section 8 vouchers as they do not reflect current ‘market’ value of their units and landlords also do not want to deal with the red tape of the program when there are tenants willing to pay the higher rents. Historically, the Section 8 program has assisted in securing long-term affordable housing and is not keeping pace with rising rents or inventory. Tenant-based rental assistance (TBRA) was also discussed as a program that could compliment the development of affordable rental housing next to the HRC as an additional resource.

Additional feedback received is found in Appendix #A.
529
14 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN

PUBLIC PARTICIPATION
In accordance with the HOME-ARP Allocation Plan Guidelines, the City of Orange provided for and encouraged citizen participation in the development of the HOME-ARP allocation plan. Before submission of the plan, the City provided residents with reasonable notice and an opportunity to comment on the proposed Draft HOME-ARP Allocation Plan of no less than 15 calendar days as follows:
 Public comment period: From February 23, 2023 through March 27, 2023
 Public Hearing: March 28, 2023
To allow for additional comment and feedback, the City provided residents the opportunity to comment on two separate occasions from December 1, 2022 through December 19, 2022 and held a second Public hearing on January 10, 2023 during the development of the HOME-ARP allocation plan. In order to include accessibility accommodation language in the noticing, the City re-noticed the HOME-ARP Public Review Period, for 30-days from February 9, 2023 – March 11, 2023 to allow more opportunity for public review and comment.

Furthermore, the City held a Public Hearing on February 14, 2023, but continued the hearing to March 28, 2023 for the Substantial Amendment to the 2021-2022 Action Plan in order to add accessibility language to the notice. The first review period of the Substantial Amendment to integrate the HOME-ARP Allocation Plan was held from January 12, 2023 – February 11, 2023. The second review period for the Substantial Amendment to the 2021 Annual Action Plan was held from February 23, 2023 – March 27, 2023 and the public hearing was held on March 28, 2023.

In compliance with HOME-ARP guidelines, the City made the following information available to the public:
 The amount of HOME-ARP the City will receive, and
 The range of eligible activities the City will undertake.

Throughout the HOME-ARP allocation plan public participation process, the City followed its applicable fair housing and civil rights requirements and procedures for effective communication, accessibility, and reasonable accommodation for persons with disabilities and providing meaningful access to participation by limited English proficient (LEP) residents that are in its current citizen participation plan as required by 24 CFR 91.105 and 91.115.

Additional comments and recommendations received through the public participation process either in writing, or orally at a public hearing or otherwise are summarized and included in Appendix #A.
530
15 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Efforts to Broaden Public Participation
To broaden the public participation process, the City developed an extensive mailing list of the appropriate agencies required for consultation and the consultation meetings were coordinated to include public noticing, email invitations and telephone calls to all required participants under the HOME-ARP guidelines. For those unable to attend a meeting, telephone conferences and one- on-one opportunities were made available. Special accommodations and translation services were offered.

The City also provided opportunities for an extended review and comment period of the HOME-ARP Allocation Plan to allow for additional public participation.

In compliance with the HOME-ARP guidelines, all notices were published in the Orange City News which is a newspaper of general circulation. The public participation process included noticing via direct email to stakeholders, advertisement on all City Hall tv monitors (City Clerk, Community Services), flyers at public counters (City Clerk, Community Services, Community Development, Youth Centers of Orange, Friends Church); advertisement on the City of Orange Official Website and City of Orange social media platforms including Facebook, City push notifications to subscribers of news items, and Channel 3. Notification of the Public Hearing was also communicated via email to the mailing list of stakeholders and to attendees at all the consultation meetings.

A hard copy of the Plan was made available at the Community Development Department Counter, City Clerk’s Office, Orange Main Library, and a digital copy was made available on the City’s website.

City staff also placed individual and personal calls to groups that were unable to attend the consultation meetings. Special accommodations were made available for anyone needing them to ensure every opportunity was used to pursue additional feedback to inform the Allocation Plan.

All comments or views were considered orally and in writing and incorporated herein in the process of preparing the HOME-ARP allocation plan.

Summary of Public Comments
December 1, 2022 to December 19, 2022 – First Allocation Plan Public Review and Comment Period:
 There were no public comments during the public comment period.

January 10, 2023 – Public Hearing on HOME ARP Plan
 See Appendix A for a summary of comments received.
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16 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN February 9, 2023 to March 11, 2023 – Second HOME ARP Plan Public Review and Comment Period:
 There were no public comments during the public comment period.

March 14, 2023 – Public Hearing to consider HOME-ARP Plan  There were no public comments during the public hearing.

March 28, 2023 – Public Hearing on Substantial Amendment to the Fiscal Year 2021 Annual Action Plan to integrate the HOME-ARP Plan
 Pending public hearing
Public Comments and Recommendations Not Accepted and Reasons Email comment received October 18, 2022 (Appendix A) addressed directly with developer.

NEEDS ASSESSMENT AND GAP ANALYSIS
The City of Orange evaluated the size and demographic composition of the qualifying populations within its boundaries and assessed the unmet needs of each of the qualifying populations to identify gaps and needs within its current shelter and housing inventory, as well as the service delivery system. The City used current data, including point in time count, housing inventories, and other data available through CoCs, and consultations with service providers to quantify the qualifying populations.

HOME- ARP Eligible Qualifying Populations
The American Rescue Plan Act (ARP) defines qualifying individuals or families, including Veterans, that are:

Homeless as defined in 24 CFR 91.5 (1)
Chronically homeless means:

1. A “homeless individual with a disability,” as defined in section 401(9) of the McKinney-Vento Homeless Assistance Act (42 U.S.C. 11360(9)), who:
 Lives in a place not meant for human habitation, a safe haven, or in an emergency shelter; and
 Has been homeless and living as described in paragraph (1)(i) of this definition continuously for at least 12 months or on at least 4 separate occasions in the last 3 years, as long as the combined occasions equal at least 12 months and each break in homelessness separating the occasions included at least 7 consecutive nights of not living as described in paragraph (1)(i). Stays in institutional care facilities for 532
17 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN fewer than 90 days will not constitute as a break in homelessness, but rather such stays are included in the 12-month total, as long as the individual was living or residing in a place not meant for human habitation, a safe haven, or an emergency shelter immediately before entering the institutional care facility;

2. An individual who has been residing in an institutional care facility, including a jail, substance abuse or mental health treatment facility,hospital, or other similar facility, for fewer than 90 days and met all of the criteria in paragraph (1) of this definition, before entering that facility; or

3. A family with an adult head of household (or if there is no adult in the family, a minor head of household) who meets all of the criteria in paragraph (1) or (2) of this definition, including a family whose composition has fluctuated while the head of household has been homeless.

At Risk of Homelessness- as defined in 24 CFR 91.5 (2)
The number of individuals at risk of homelessness is difficult to assess given an individual’s circumstances can change overnight. An individual at risk of homelessness is defined in 24 CFR 91.5 as those that have an annual income below 30 percent of median family income for the area at the greatest risk of homelessness, especially those that do not have family, friends, or other social networks to rely on. An individual at risk of homelessness is best described in meeting one of the following conditions:

1. Has moved because of economic reasons two or more times during the 60 days immediately preceding the application for homelessness prevention assistance;

2. Is living in the home of another because of economic hardship;

3. Has been notified in writing that their right to occupy their current housing or living situation will be terminated within 21 days after the date of application for assistance;

4. Lives in a hotel or motel and the cost of the hotel or motel stay is not paid by charitable organizations or by federal , State, or local government programs for low-income individuals;

5. Lives in a single-room occupancy or efficiency apartment unit in which there reside more than two persons or lives in a larger housing unit in which there reside more than 1.5 people per room, as defined by the U.S. Census Bureau;

6. Is exiting a publicly funded institution, or system of care (such as a health- care facility, a mental health facility, foster care or other youth facility, or correction program or institution); or

7. Otherwise lives in housing that has characteristics associated with instability and an increased risk of homelessness, as identified in the recipient's approved
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18 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Fleeing, or Attempting to Flee, Domestic Violence, Dating Violence, Sexual Assault, Stalking, or Human Trafficking, as defined by HUD in the Notice (3) Any individual or family who:

1. Is fleeing, or is attempting to flee, domestic violence, dating violence, sexual assault, stalking, or other dangerous or life-threatening conditions that relate to violence against the individual or a family member, including a child, that has either taken place within the individual's or family's primary nighttime residence or has made the individual or family afraid to return to their primary nighttime residence;

2. Has no other residence; and

3. Lacks the resources or support networks, e.g., family, friends, faith-based or other social networks, to obtain other permanent housing.

Other populations requiring services or housing assistance to prevent homelessness and other populations at greatest risk of housing instability, as defined by HUD in the Notice (4)
A youth (17 years or younger) not accompanied by an adult (18 years or older) or an adult without children, who is homeless (not imprisoned or otherwise detained pursuant to an Act of Congress or a State law), including the following:

1. An individual who lacks a fixed, regular, and adequate nighttime residence; and

2. An individual who has a primary nighttime residence that is:
 A supervised publicly or privately operated shelter designed to provide temporary living accommodations (including welfare hotels, congregate shelters, and transitional housing for the mentally ill);  An institution that provides a temporary residence for individuals intended to be institutionalized; or
 A public or private place not designed for, or ordinarily used as, a regular sleeping accommodation for human beings.

Size and Demographic Composition of Qualifying Populations within the City’s Boundaries
Homeless Population - as defined in 24 CFR 91.5 (1)
All data charts listed below are based on the Orange County 2022 Point in Time Summary. All reported data are reflective of the County as a whole and demographic data is not broken down to the city level.

Every two years, the Point in Time count is conducted by the Orange County CoC to assess the population of individuals experiencing homelessness. The 2022 Orange County Point in Time count indicated that the county has a total of 4,510 homeless individuals with 2,806 unsheltered persons and 1,704 sheltered 534
19 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN persons. There is a total of 1,201 homeless individuals in household with at least one child under the age of 18 and 950 are sheltered and 251 are unsheltered.

Between the count in 2019 to 2022, the county overall saw a decrease in total homeless population for both adults and household with at least one child under the age of 18. In 2019 there were a total of 5,296 homeless individuals and it decreased by 768 individuals in 2022, which is a 14% decrease. For households with children, there were 1550 persons in 2019 and it decreased by 349 individuals, which is a 16% decrease.

The Orange County Coc is broken down into various planning areas, the City of Orange is within the North Service Planning area. The detailed breakdown of demographic information of homeless individuals is not available down to the city.

In 2022, the Orange County CoC North Service Planning area has a total of 1,115 unsheltered individuals and 1,306 sheltered individuals. Out of those individuals, the City of Orange makes up 134 unsheltered individuals and 116 sheltered individuals bringing the city’s total homeless count to 250.

Due to the COVID-19 pandemic, point in time counts were not conducted in 2020 or 2021. In 2019, the city’s number of homeless individuals was 341 individuals and the 2022 point in time count suggest that the number decreased by 27% to 250. The number of sheltered individuals decreased by 22% from 148 in 2019 to 116 in 2022. The number of unsheltered in individuals decreased by 30% from 193 individuals to 134 in 2022.

Homeless by Household Status
Summary of Persons in Each Household
Type Sheltered Unsheltered Total
Persons in households without children 1704 2806 4510
Persons in households with at least one
adult and one child 950 251 389
Children under age 18 594 121 715
Persons over age 18 356 0 486
Persons in households with only children 0 7 7
Data Source: County of Orange 2022 Point in Time Summary. Data references the County level and includes City of Orange. Demographic data down to the City of Orange level is not available.
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20 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Demographic Summary by Race
Race Sheltered Unsheltered Total
American Indian or Alaska Native 93 118 211
Asian 99 96 195
Black or African American 293 190 483
Native Hawaiian or other Pacific Islander 26 31 57
White 2056 2000 4056
Multiple Races or Other 94 622 716
Data Source: County of Orange 2022 Point in Time Summary. Data references the County level and includes City of Orange. Demographic data down to the City of Orange level is not available.

Summary of other Populations Reported
Homeless Population Sheltered Unsheltered Total
Adults 2,060 2,936 4,996
Veterans 135 145 280
Victims of Domestic Violence 226 289 515
Chronic Homelessness 791 1,617 2,408
Substance Use Issues 416 1217 1,633
Physical Disability 512 945 1,457
Mental Health Issues 578 867 1,445
Developmental Disability 39 419 458
HIV/AIDS 77 52 129
Data Source: County of Orange 2022 Point in Time Summary. Data references the County level and includes City of Orange. Demographic data down to the City of Orange level is not available.

Sheltered Homeless Population (1)
The 2022 sheltered point-in time count identified 2661 people experiencing sheltered homelessness in Orange County, there were 1,306 in the North Service Planning area and 116 of people were in the City of Orange. Among the individuals experiencing sheltered homelessness in Orange County:
 64% (1,704) were in households with adults only; 35.7% (950) were in households with at least one adult and one child, which is further broken down to 13.4% (356) adults in family units and 22.3% (594) children in family units; unaccompanied youth made up 0.003% (7)
 72.7% (1,934) were over the age of 24; 4.7% (126) were between the age 18-24; and 22.6% (601) were under the age of 18
 51.5% (1,370) identified as male; 48.1% (1,280) identified as female; 0.15% (4) identified as transgender; 0.2% (6) identified as gender not singularly male or female; 0.04% (1) person identified as questioning. 536
21 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN  54.7% (1,455) identified as Hispanic or Latino; 45.32% identified as Non- Hispanic or Non-Latino
 3.49% (93) identified as American Indian or Alaska Native; 3.72% (99) identified as Asian; 11.01% (293) identified as Black or African American;

0.98% identified as Native Hawaiian or other Pacific Islander; 77.26% (2,056) identified as White; 3.53% (94) identified as multiple races or other.  0.05% (135) were veterans
 38.40% (791) meet the definition of experiencing chronic homelessness  20.19% (416) were adults with substance use issues
 24.85% (512) were adults with physical disability
 28.06% (578) were adults with mental health issues
 1.89% (39) were adults with developmental disability
 10.97% (226) were adults that survived domestic violence  3.74% (77) were adults with HIV/AIDS
Unsheltered Homeless Population (1)
The 2022 unsheltered point-in-time count identified 3,057 unsheltered homelessness in Orange County, there were 1,113 in the North Service Planning area and 134 were in the City of Orange. Among the individuals experiencing unsheltered homelessness in Orange County:
 91.7% (2,806) were in households with adults only; 0.08% (251) were in households with at least one adult and one child, which is further broken down to 0.04% (130) adults in family units and 0.04% (121) children in family units.
 92.4% (2,827) were over 24; 3.57% (109) were between the age 18-24;

3.96% (121) were under 18
 73.50% (2,247) identified as male, 25.81% (789) identified as female;

0.43% (13) identified as transgender; 0.13% (4) identified as gender not singularly female or male, and 0.13% (4) identified as questioning  34.22% (1,046) identified as Hispanic or Latino; 65.78% (2,011) identified as Non-Hispanic or Non-Latino
 3.6% (118) identified as American Indian or Alaska Native; 3.14% (96) identified as Asian; 6.22% (190) identified as Black or African American;

1.01% (31) identified as Native Hawaiian or other Pacific Islander; 65.42% (2,000) identified as White; 20.35% identified as multiple races or other  0.05% (145) were veterans
 55.07% (1,617) meet the definition of experiencing chronic homelessness  41.45% (1,217) were adults with substance use issues
 32.19% (945) were adults with physical disability
 29.53% (867) were adults with mental health issues
 14.27% (419) were adults with developmental disability  9.84% (289) were adults that survived domestic violence 537
22 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN  1.77% (52) were adults with HIV/AIDS
At-Risk of Homelessness- as defined in 24 CFR 91.5 (2)
The definition of those who are at risk of homelessness includes individuals and families who have an annual income below the 30% of the median family income for the area as defined as HUD. They do not have sufficient resources or support networks, immediately available to prevent them from moving to an emergency shelter or place not meant for habitation and experience risk factors of homelessness including recent housing instability or exiting a publicly funded institution or system of care.

HUD Comprehensive Housing Affordability Strategy (CHAS) 2014-2018 data Table 10 provides information on overcrowding among households that include more than one family, by household income level. This CHAS data indicates there are approximately 6,715 households with incomes below 30% AMI that are at risk of homelessness in Orange.

Other Population: At greatest risk of housing instability – Households with incomes < 30% AMI and experiencing severe housing cost burden (4) Households who are at greatest risk of housing instability are households with incomes below 30% AMI. HUD Comprehensive Housing Affordability Strategy (CHAS) 2014-2018 data Table 10 provides information on households that include more than one family, household income level and overcrowding. This CHAS data indicates there are approximately 6,715 households with incomes less than 30% AMI with approximately 4,625 renters and 2,090 owners who have household income below 30% AMI. Households who have severe housing problem makes up a total of 10,625 with 3,750 owners and 6,875 renters.

City of Orange CHAS Data
Owner Renter
<=30% AMI 2,090 4,625
Household has at least 1 of 4 housing
problems 1,575 3,720
Household with severe housing
problems 3,750 6,875
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23 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Unmet Housing and Service Needs of Qualifying Populations Unmet Housing Needs of Qualifying Populations
For households with the greatest risk of housing instability, there is a lack of affordable rental housing in the city. The table below highlights, there are only

6.8% (1,196) rental units available to households below 30% AMI and 11.6% (2,054) rental units available to households between 30%-50% AMI. The level of need for rental units for households with less than 50% AMI is more than two times the available units with a total gap of 4,370 units.

Housing Needs Inventory and Gap Analysis
Available
Units
Level of
Need
HH with at
least 1
Housing
Problem
GAP
(Units-
Level of
Need
Total Rental Units 17,679
<=30% AMI 1,196 4,625 3,720 -3,429
>30% to <=50% AMI 2,054 2,995 2,730 -941
Total <=50% AMI 3,250 7,620 6,450 -4,370
Data Source: ACS 2021 and HUD 2015-2019 CHAS
Based on the collected data in the Orange County PIT and CoC Housing Inventory Count, the number of shelter beds are limited at the County level. There is a gap of 456 beds for the adult homeless population. There are currently 4,996 homeless adults in the county, while the total number of beds available across emergency shelter, transitional housing, permanent supportive housing, and other permanent supportive housing is 4,531.

Unmet Service Needs of Qualifying Populations
Following consultation with the required agencies and data collection, it was determined that the unmet service needs for the qualifying populations in the city are supportive services to include:
 Food/Water
 Shower and Laundry facilities
 Clothing
 Electronic charging stations
 Hygiene supplies
 Mail services
 Centralized location for CoC providers
 Outreach services
 Case management
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24 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN  Substance Abuse Treatment
 Job training and resources to employment
 Case management services
 Life skill training
The following data was compiled by the local Homeless Resource Center (HRC) who serves all four qualifying populations in the City of Orange:
 Individuals: 150 daily
 Families: 2-3 weekly
 Veterans: 30 daily
 Youth: 10 weekly
 At Risk: 115 weekly
 Fleeing Domestic Violence: Approximately 30 daily
 Stalking: 50 daily, based on PTSD, mental health, addiction and trauma.

Many believe they are being stalked.
 Human Trafficking: 3 women a day
 Populations where supportive services would prevent a family’s homelessness: 25-50 a week
 Those with the greatest risk of housing instability: 150 daily  Victim services hotline call volumes: 50 calls a day on behalf of our patrons. Only: 2-5 individuals will benefit from the hotline calls. It all depends on who answers the phone on the other end.

Staff at the HRC familiar with the Orange clientele provided the following information of the needs for each of the qualifying populations they serve:
 Homeless: Being advocated for, meals, basic hygiene needs, emotional, mental health care, sheltering or housing, jobs and financial relief  Individuals: Being advocated for, meals, basic hygiene needs, emotional, mental health care, sheltering or housing, jobs and financial relief  Families: Safe environments/ low stress environments, being advocated for, meals, basic hygiene needs, emotional, mental health care, sheltering or housing, jobs and financial relief
 Veterans: Being advocated for, meals, basic hygiene needs, emotional, mental health care, sheltering or housing, jobs and financial relief  Youth: Safe environments/ low stress environments. Being advocated for, meals, basic hygiene needs, emotional, mental health care, sheltering or housing, jobs and financial relief
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25 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN  At Risk: Safe environments/ low stress environments. Low barrier and quick responsive resources. Being advocated for, meals, basic hygiene needs, emotional, mental health care, sheltering or housing, jobs and financial relief
 Fleeing Domestic Violence: Safe environments/ low stress environments.

Low barrier and quick responsive resources. Being advocated for, meals, basic hygiene needs, emotional, mental health care, sheltering or housing, jobs and financial relief
 Stalking: Safe environments/ low stress environments. Low barrier and quick responsive resources. Being advocated for, meals, basic hygiene needs, emotional, mental health care, sheltering or housing, jobs, and financial relief
 Human Trafficking: Safe environments/ low stress environments. Low barrier and quick responsive resources. Being advocated for, meals, basic hygiene needs, emotional, mental health care, sheltering or housing, jobs and financial relief
All of the feedback was also considered in addition to local data collected at the HRC to determine unmet service needs of the qualifying population.

Current Resources Available to Assist Qualifying Populations Current Homeless Housing Inventory
Family
Beds
Family
Units
Adult
Beds
Adult
Units Vet Beds
Emergency
Shelter 634 176 1,875 N/A 0
Transitional
Housing 711 234 157 N/A 81
Permanent
Supportive
Housing
1,279 391 1,514 N/A 1,178
Other
Permanent
Housing
622 229 985 N/A 0
Data Source: HUD 2022 Continuum of Care Housing Inventory Count. Data references the County level and includes City of Orange. Demographic data down to the City of Orange level is not available.

According to the 2022 Orange County Housing Inventory Count Report, and the data collected at the local level, there are several resources available at the County level to assist qualifying populations as follows:
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26 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN

1. Emergency shelter allows for short term stays. Currently there are 634 family beds, 176 family units, 1,875 adult beds, and 0 bed available for veterans.

2. Transitional housing generally allows for a stay of up to 24 months. In the county there are 711 beds and 234 family units, 1,514 adult beds, and 81 are reserved specifically for vets. Family beds and units are for household with one adult and at least one child under age 18.

3. Permanent supportive housing is housing assistance (long-term leasing or rental assistance) with supportive services provided with households to achieve housing stability. There are 1,279 beds and 391 units for families, 1,514 beds for adults, and 1,178 for veterans.

4. Other permanent housing includes housing with services that does not require disability required for entry. There are 622 beds and 229 units for families, 985 beds for adults, and 0 for veterans.

5. Congregate and non-congregate shelter units is (1) Congregate housing is for displaced, elderly and handicapped persons or families in which some or all of the individual dwelling units do not contain kitchen facilities, and which has a central dining facility to provide nutritious and economical meals for the residents. (2) Non-congregate shelter is the term used for emergency shelters that provide accommodations in a way that provides private space for guests. Non-congregate shelter is generally provided via motel rooms and is a proven way to limit the spread of COVID 19 among people experiencing houselessness.

Both congregate and non-congregate shelter units are available in North Service Planning Area, with shelters in Buena Park and Placentia, however the shelters are not administered by the city. The cities of Anaheim, Brea, Buena Park, Cypress, Fullerton, La Habra, La Palma, Placentia, Villa Park, Stanton, and Yorba Linda through the North SPA Partnership collaborated with funding to create two full-service Navigation Centers to provide help to the region’s homeless. The local HRC provides services to connect individuals to these shelters, provide continuum of care services while individuals are waiting to be placed in the shelter, and services for those who declined shelter services. Additionally, the City’s HEART Team, and the Orange County Health OC&OE also provide the resources individuals need to seek shelter where beds are available.

6. Tenant Based Rental Assistance (TBRA) There are many different types of TBRA programs, but the most common type provides payments to make up the difference between the amount a household can afford to pay for 542
27 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN housing and the local rent standards. Other TBRA programs help tenant pay for costs associated with their housing, such as security and utility deposits. Currently, the City of Orange does not have a TBRA program.

However, the City is launching its TBRA with HOME funding in Fiscal Year 2023-24 to assist those the qualifying population.

7. Affordable and Permanent Rental Housing. Over the past 2.5 years, the City has committed HOME funding to four separate affordable housing developments. A total of 352 affordable units will be created in the community. One of the projects, is currently under construction. The city will be using its HOME funds to establish a TBRA program that will provide for additional housing support.

Other resources available to qualifying populations in the city include Local/State and Federal Funds in the form of:

8. CDBG Funding. The city received an allocation of $1,119,937 that can be used for public service organizations that serve the qualifying populations.

9. HOME Funding. The City received an allocation of $486,812 in HOME funds that is used for affordable housing development programs.

10. PLHA/Successor Agency Funds. Orange has joined with the cities of Anaheim, Brea, Buena Park, Cypress, Fullerton, La Habra, La Palma, Placentia, Villa Park, Stanton, and Yorba Linda in an unprecedented partnership called the North Service Planning Area (SPA). The North SPA Partnership is a joint collaboration that includes two full-service Navigation Centers to provide help to the region’s homeless. The HRC provides services to connect individuals to these shelters, provide continuum of care services while individuals are waiting to be placed in the shelter, and services for those who declined shelter services.

Gaps within the current shelter and housing inventory as well as the service delivery system
Based on the data gathered, the current shelter and housing inventory is not sufficient to meet the current needs in the City, County. or Region to house the unsheltered population.
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28 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Shelter Gap
Shelter Gap - Beds in Emergency Shelters and Transitional Housing Existing Bed Capacity (Emergency Shelter + Transitional Housing) 3,122
Total Homeless 5,711
Total Adult HH Homeless population 4,510
Total Family HH Homeless population 1,201
GAP
(Existing bed capacity -total homeless population) -2,589 The shelter gap methodology used to determine the shelter gap included the January 2022 PIT count of homeless individuals in Orange County and the CoC Housing Inventory Count. The data revealed the existing number of beds is not enough to assist the homeless population. There is a deficit of 2,589 beds in shelters and transitional housing.

The 2022 PIT does not break down the number of homeless populations by household type in the city. The PIT stated that there were 148 unsheltered homeless population in the City of Orange, but does not define how many were individuals, in family units, or children.

Affordable and Permanent Supportive Rental Housing Gap
There is an estimated gap of 3,200 rental units affordable to renter households with income less than 30% AMI. In addition, there are a total of 1,145 rental units affordable to household with 30%-50% AMI.

Affordable Rental Unit Gap
Renter Households with income at or below 30% AMI paying more than 50% of income for rent 3,200
Renter Households with income 30% to 50% AMI paying more than 50% of income for rent 1,145
Total Affordable Rental Unit Need 4,345
Housing Voucher Gap
Based on the input gathered from the Orange County Authority, there are 363 Section 8 housing vouchers that are held in the City of Orange. Furthermore, there are approximately 2,900 individuals placed on the waiting list for the voucher. One of the challenges with locating units for voucher holders is the limited affordable housing supply in the city. The city has a shortage of 4,370 affordable rental housing units.
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29 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Service Delivery System Gap
Data collected at the HRC and through consultation with the stakeholders and those experienced with working with the qualifying population, also helped inform the HOME-ARP Plan to identify the gaps in the service delivery system. The following are the service delivery gaps identified by the HUB OC at the HRC since working with the qualifying population since April 2022:
 Homeless: There are not enough beds available when an individual needs it most.
 Families: There are not enough places where there are beds for couples and often these families get split up.
 Veterans: Mental health services, Post Traumatic Stress Disorder (PTSD), available beds in shelters with wrap around services.
 Youth: Parents are not always placed in the same housing opportunity with their child and shelter is needed to accommodate them.
 At Risk: The need for PTSD, mental health, addiction, and trauma care in the moment of emergency.
 Fleeing Domestic Violence: Not enough Safe home bed availability.  Stalking: The need for PTSD, mental health, addiction and trauma care in the moment of emergency.
 Human Trafficking: The need for PTSD, mental health, addiction and trauma care in the moment of emergency. The need for PTSD, mental health, addiction, and trauma care in the moment of emergency  Populations where supportive services would prevent a family’s homelessness: Availability and space in all the programs they have access to are limited.
 Populations at greatest risk of housing instability: Not enough beds available when an individual needs it most. Availability and space in all the programs they have access to is limited.

The HRC has created an extended network of agencies and housing providers to assist in cases where shelter is an option for those willing to pursue it. Since it started operating in April 2022, together with all the partners, the HRC has successfully helped house over 100 individuals.

The families that are at risk or experiencing homelessness do not frequent the HRC at the same consistent rate as its regular clientele, but there are cases where families go the HRC out of desperation due to unforeseen circumstances.

Through its partnerships, temporary shelter is facilitated through the HRC along with services to assist the family. For example, if the family has minors, the HRC 545
30 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN will work with the Youth Centers of Orange to provide child-care so that the parent(s) are able to seek supportive services which can include crisis intervention or job search assistance.

For the homeless subpopulations served in Orange, many are chronically homeless because they suffer from severe mental illness, chronic substance abuse, HIV/AIDS, disabilities, and are veterans. The greatest challenge is they do not wish to seek shelter based on actual testimony from our interviews.

The greatest service delivery need for the qualifying population is meals, showers, laundry facility, hygiene kits, access to closing/socks, mail services, and a one- stop location connection to the Continuum of Care services offered. These services are not offered in the adjacent communities and the dire need is evidenced by the homeless clientele that the HRC serves and personal interviews with them in the process of developing this plan.

Priority Needs for Qualifying Populations:

The priority needs for the City of Orange’s qualifying population is supportive services with the greatest emphasis on the provision of meals, showers, laundry, mail service, access to clothing and the connection to CoC resources.

HOME-ARP ACTIVITIES
Administration of Eligible Activities
The City of Orange does not have the capacity to administer HOME-ARP eligible activities directly making it necessary to contract with a service provider to administer the activities on the City’s behalf. The City’s does not plan to directly administer HOME-ARP activities aside from program administration and planning.

Use of HOME-ARP Funding
The City of Orange will use its HOME-ARP allocation of $1,655,186 to provide supportive services which is an eligible HOME-ARP activity. The planned funding for supportive services is $1,571,427. The administration and planning costs will be within HOME-ARP limits as reflected in the table below.

Use of HOME-ARP Funding
Funding
Amount
Percent of
the Grant
Statutory
Limit
Supportive Services $ 1,571,427
Acquisition and Development of
Non-Congregate Shelters $ 0
Tenant Based Rental Assistance
(TBRA) $ 0
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31 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Development of Affordable Rental
Housing $ 0
Non-Profit Operating $ 0 0 % 5%
Non-Profit Capacity Building $ 0 0 % 5%
Administration and Planning $ 83,759 5 % 15%
Total HOME ARP Allocation $ 1,655,186
HOME-ARP Funds Distribution Plan
Rationale for Use of HOME-ARP Funds
The rationale for the use of HOME-ARP funds to provide supportive services was through the consultation process with local stakeholders, COC participants, agencies that represent the qualifying populations and the one-on-one interviews.

The data collected over the last year at the local level factored into the rationale for use of the HOME-ARP Funds.

HOME ARP PRODUCTION HOUSING GOALS
The city does not plan to produce affordable rental housing units with its HOME- ARP allocation.

The city does support affordable rental housing. Over the past 2.5 years in planning the production of affordable housing, the city has committed HOME entitlement funds to four affordable housing developers to develop affordable housing, including senior housing, a group that is also at risk of homelessness due to the fixed nature of their incomes and the potential for unseen circumstances that make them vulnerable. The total number of units that will be produced by the four developments financed with HOME funds is 186.

The city also uses program income from its HOME entitlement grant and from its successor agency (former Redevelopment Agency) to assist with the development of affordable housing.

The city will also launch a Tenant Based Rental Assistance Program (TBRA) with its regular HOME fund allocation as part of the 2023-24 Annual Action Plan process to compliment the affordable housing developments that are currently under construction and those that are in the pipeline .

PREFERENCES
The City of Orange does not intend to give preferences to any population or subpopulations.
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32 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN

HOME-ARP REFINANCING GUIDELINES
The City of Orange does not intend to use HOME-ARP funds to refinance existing debt secured by multifamily housing that is rehabilitated with HOME-ARP funds.

Therefore, refinancing guidelines pursuant to 24 CFR 92.l206(b) do not apply.

REFERRAL METHODS
The City does not intend to use a coordinated entry (CE) process for referrals to a HOME-ARP project or activity. Homeless individuals who seek permanent housing solutions will enter the CE process after receiving services through the COC or housing case managers at The HRC. The referrals will be for a non- HOME-ARP project.
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33 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN

APPENDIX A
Public Participation Comments
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34 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN

CONTINUUM OF CARE AGENCIES (COC)
Orange County Health OC Outreach and Engagement (OC O&E)  Conduct outreach efforts to provide resources to get individuals off the street.
 Regularly goes to the HRC to provide services.
 Gaps: Need more office working space.
 Comments on HRC: pleased with the HRC as it provides a “hub” for individuals to receive assistance. Coordinated effort is making a visible difference.

OC Health County of Orange Social Services
 Services include speaking to clients on a weekly basis to determine if they need assistance.
 Focus is mental health wellness, appointments, and substance use treatment (behavioral health).
 Provides weekly visits from 9 a.m. - 12:30 p.m. at the HRC by appointment or outreach.
 Have had many successes.
 Work with the county clinic.
 Full-service partnership program contracted by the County to assist with mental health, housing, education opportunities and employment.  Gaps identified: lack of shelter beds.
 Comments on HRC: The HRC provides a structure in its operation. Staff is welcoming and provides tangible solutions. It is important to keep services centralized. The One-Stop shop idea needs to stay in effect. This is a great and effective program.

HOMELESS SERVICE PROVIDERS
The Hub - Homeless Resource Center (HRC) Administrator
 Partners have made a difference. Finding Partners in the community to come in and bring their services to the site such as medical and other services to people is great. Also, seeing the community donations, investment and show up is wonderful.
 HRC Partners with Abound Food, which is a fantastic partner. Mike and his team make sure there are balanced food meals. Protein, fruit, and vegetable in every meal. Served for breakfast and lunch, hot meals brought in twice a day. Temperature is right where it needs to be for health codes.

Found there was a transition from the food they were receiving at Mary’s.

Patrons say how they feel good and give thanks for the meals. They also know the meals are not expired and are well made and they will be receiving a balanced meal. Each week go over what is being given and approve. 550
35 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Also, non-perishables available when they leave, which are also balanced meals which contain vegetable, protein and the right items they need. To- go bags are also health conscious.
 Amazing work done. Impressed with all the hard work and teamwork.

HomeAid
 Gaps in service: availability of shelter beds.
 Comments on HRC: Supportive of continuing the work of the HRC.

Helping Homeless Companions
 Many clients own pets who have needs too.
 Provides assistance to healthcare, vaccinations, and spaying and neutering for pet companions of those experiencing homelessness at the HRC.  Food and other needs for pets are also provided
 Comments on HRC: Supportive of work being done at HRC.

Lestonnac
 Provides medical services to clients at the HRC, insurance does not matter.  Comes once a week. Assists 7-8 clients per visit.
 Provides glasses for homeless individuals on-site.
 Gap: Does not see a gap in services.
 Comments on HRC: Effective – interacts with homeless in the correct way.

Clients treated with respect and dignity. Efficient and ticket system is effective. Excited to be at HRC. Loves the HRC set up – just needs to be off the street. Effective because it is centralized and not at a shelter, so it doesn’t exclude those that don’t want to be in shelters – HRC has broad reach.

Love Orange
 Comments on the HRC: Supportive of services being provided.

Sisters of St. Josephs
 Requested to partner with the HRC in some capacity since helping the homeless community is part of their mission.

Assurance and American Assistance
 Provides cell phone and iPads for individuals who receive any type of State government assistance at HRC.
 Helps teach clients how to use communication devices.  Devices free from government for once year. Brand new devices. Different plan options.
 Comes twice a week to HRC and helps 0-9 people a visit.  Gaps identified: none.
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36 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN  Comments on HRC: Feels HRC is an improvement and way it is managed is effective. Good Structure.

Stay Connect.us
 Provide activated phones to qualifying populations that are subsidized by government programs.
 T-Mobile contract provides life line services, and they are the master agent  Cell phones are not sold
 Program helps connect homeless individuals to services  Happy to have the HRC to continue service delivery
Full Circle
 Supportive of operations at HRC.
 Comments on HRC: Effective.

Youth Centers of Orange
 Has seen success stories at HRC.
 Comments on HRC: Effective. Great set-up.

DOMESTIC VIOLENCE SERVICE PROVIDERS
HomeAid
 Gaps in service: availability of shelter beds.
 Comments on HRC: Supportive of continuing the work of the HRC.

Volunteers of America
 Connects vets to SSVF to get permanent housing.
 Assists vulnerable populations, including victims of domestic violence.  Operates similar to city.net.
 Services provided include outreach, connection to shelters, appointments, buses, drug and alcohol rehab.
 Ultimate goal is long-term housing and getting resources for security deposits.
 Comes once a week to HRC, started in July. Will see bout 5-10 people a day.
 Gaps identified: Does not see major gaps. Would like to see more outreach organizations, maybe city.net. Would like to see more coordinated efforts with community-based policing where they can come to establish rapport.

Would be good to have medical come more often (ie Lestonnac), maybe twice a week (all medical, dental, vision). Feels very effective and accomplishes what it is supposed to. Applauds City for doing it.

Centralization is effective.
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37 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN  Comments on HRC: Has seen some results. HRC set-up effective.

Structure makes it easy to locate individuals, provide basic needs, and assist in finding jobs.

VETERANS’ GROUPS
Volunteers of America
 Connects vets to SSVF to get permanent housing.
 Assists vulnerable populations, including victims of domestic violence.  Operates similar to city.net.
 Services provided include outreach, connection to shelters, appointments, buses, drug and alcohol rehab.
 Ultimate goal is long-term housing and getting resources for security deposits.
 Comes once a week to HRC, started in July. Will see bout 5-10 people a day.
 Gaps identified: Does not see major gaps. Would like to see more outreach organizations, maybe city.net. Would like to see more coordinated efforts with community-based policing where they can come to establish rapport.

Would be good to have medical come more often (ie Lestonnac), maybe twice a week (all medical, dental, vision). Feels very effective and accomplishes what it is supposed to. Applauds City for doing it.

Centralization is effective.
 Comments on HRC: Has seen some results. HRC set-up effective.

Structure makes it easy to locate individuals, provide basic needs, and assist in finding jobs.

FAIR HOUSING
Fair Housing Foundation
 Assists with people looking to rent, at-risk for homelessness.  Biggest issues are initial rental assistance. First month and deposits for housing are needed because most people live paycheck to paycheck and don’t have enough. For some, need up to three months’ rent (security deposit is double months’ rent and then first month).
 Gap identified: When clients have unforeseen circumstances, they have no money to pay. Would be good to provide for one time assistance for unforeseen circumstances. Additionally, would be good to provide assistance with security deposits and first month’s rent. Feels need for more 553
38 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN landlord/tenant info for those at risk, without that tenants make bad decisions.
 Comments on HRC: Asked to reach out to HRC to partner. Stated that the program sounded effective and something they would like to be involved with.

PUBLIC AGENCIES THAT ADDRESS NEEDS OF QUALIFYING POPULATIONS Orange Police Department (HEART Team, Bike Team, Homeless Outreach Specialist)
 The Police Department through its HEART Team has assisted approximately 100 individuals with a shelter placement.  The City of Orange is part of the North Orange County SPA agreement that contributed to funding shelters located in Buena Park, Placentia, and at Bridges in Anaheim. Some individuals are successful once sheltered, while others do come and go.
 Gradual process to get people off the streets.
 Gap identified: There is a demand for more housing and most people do have to wait as they have already surpassed last year’s numbers.  Comments on HRC: What is great about the HRC is that they give the Police Department structure to help those in need and get contacts that may have not been available in the past. They are taking giant steps moving forward with the help of the HRC. While the numbers do fluctuate depending on weather, funding, spaces, they are consistent, and they are on the move in the right direction.
 They’re very pleased with how the HRC is centralizing services for all qualifying populations
City of Orange Community Services Department
 The HRC partners with 50+ local organizations including non-profits, the City, the County, Orange Police Department, churches, heath/dental/vision providers and food services to provide daily hot meals, laundry, shower, clothing, mail, and social services to the unhoused.
 The HRC provides a safe space for the unhoused to come to be connected to housing and jobs and access other services that will assist them in getting out of homelessness.
 The HRC also provides preventative services to those who may be on the verge of becoming homeless, allowing them to focus their resources on maintaining their housing.
 Comments on HRC: Great plan. Supportive of operation.

OC Health County of Orange Social Services
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39 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN  Services include speaking to clients on a weekly basis to determine if they need assistance.
 Focus is mental health wellness, appointments, and substance use treatment (behavioral health).
 They’re very pleased with how the HRC is centralizing services for all qualifying populations
Orange County Health OC Outreach and Engagement (OC O&E)  Conduct outreach efforts to provide resources to get individuals off the street.
 Regularly goes to the HRC to provide services.
 Gaps: Need more office working space.
 Comments on HRC: pleased with the HRC as it provides a “hub” for individuals to receive assistance. Coordinated effort is making a visible difference.

AFFORDABLE AND SPECIAL NEEDS HOUSING PROVIDERS
Acacia Housing
 Appreciates seeing details of what he heard about in concept for use of HOME Funds.
 Big advocate of providing bricks and mort to permanently house the homeless.
 Advocate of integrating homeless into a larger community of similar demographic for seniors 62+.
 Currently working with the City of Orange to develop 74 affordable senior apartment units – Katella Terrace. Projects require financial support from the City.
 Please see Attachment A for prepared statement.
 Gap identified: We can’t deny the need for affordable housing.  Comments on HRC: Sounds effective.

COMMUNITY STAKEHOLDERS
Day Porter
 Clients at HRC are shown interest.
 Stated that clients speak to her and that they like HRC; clients ask her for prayers.
 Gaps identified: More bus voucher access and food variety.  Comments on HRC: Effective because noticed people’s demeanor change after going to HRC. At Mary’s Kitchen, they were drunk or high. 555
40 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Employee from Starbucks
 Local business owners, specifically Starbucks coffee, very supportive of the HRC.
 Noticeable decrease in loitering outside of their business and less disruptive behavior since the establishment of the HRC.
 Due to the cost of coffee and the supplies associated with a cup of coffee, it is not an item that is served at the HRC. During the consultation process, the HRC announced a partnership with Starbucks to offer coffee a couple days per week.
 Comments on HRC: Effective and support operations.

Resident/Community Member
 Great replacement program. This is being implemented by people that know how to handle the situation.
 Very consistent and respectable way people are being treated.  Proud of the City has pulled it together so quickly. A great example of what the city can do.
 As someone who has volunteered, witnessed a lot of food coming in for people to take with them such as frosted cake. The food given at Mary’s made you think about the nutrition that people need and the right food service. Whatever food was coming in was just being put in a bag and distributed out. Nice to know there is now a method to the way the meals are served, and how the food is being organized.

QUALIFYING POPULATION INTERVIEWS
Through the interviews with the qualifying population, staff was made aware of limitations related to those seeking shelter services, including restrictions placed on families and pets. The restrictions prevent families and those with pets from being sheltered in some cases because the shelter places limitations on who they will accept.

While some individuals indicated they have some form of a plan to get into housing, most individuals interviewed stated a preference for independent living arrangements, so their only option is to be homeless or live in a car. Many described bad experiences in the shelter system that has left them with no desire to seek any type of temporary shelter. For those who do seek a temporary shelter, the shelter beds near the City of Orange are at capacity.

The comments from the one-on-one interviews from the HRC clientele and general comments are as follows:
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41 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN Client A
 Client F travels six days a week to the HRC using several buses and spends up to two hours each way from Los Angeles to reach Orange where he has been receiving meals and services for nearly two decades.  When asked about his housing status, he said it took him a while to become sober, but with his sobriety he is hopeful of finding a job so that he can afford an apartment and live independently.
 Indicated he travels from Los Angeles to Orange to receive two hot meals, get a warm shower, do laundry, charge his phone, receive mail, and talk to his social workers who are helping him navigate through homeless services.

Client B
 He used to own a home and had a family but lost it all to addiction.  Went to Mary’s Kitchen for 10 years, now goes to the HRC.  Uses all the services at HRC.
 The showers are clean.
 The laundry service is great.
 He applied for housing and is on a waiting list.
 Doesn’t like shelters.
 Has a case worker at the HRC that is helping him find permanent housing.  Works as a day laborer at Home Depot.
 Receives social security income.
 Uses the mail services at the HRC for housing communication.  He likes the HRC and depends on it at the moment.
 He’s trying to fight addiction to get back on his feet.  Gap identified: He would like to see more variety with food and no coffee is offered.

Client C
 Employed full-time but uses the HRC as a stepping stone.  Not housed.
 Uses a bike/bus/car for transportation.
 Was affected by COVID and it set him back.
 Likes everything about the HRC.
 Uses the mail service.

Client D
 Started at HRC September 1, 2022
 Originally was at Riverbed five years ago then moved to Florida. Was staying in Orange in a car with his girlfriend and two dogs until breakup.  Used Mary’s kitchen before, felt that clothes more easily accessible then. 557
42 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN  Has own health insurance.
 Trying to get into Bridges Shelter.
 Uses food/shower/laundry services.
 Had all possessions stolen; HRC provided clothing and items for him.  Has not tried to use services for employment.
 Likes that he has somewhere to go where he can get what he needs.  Receives $355 a month GR and asks for donations on street. States he will look for a job once he is in a shelter.
 Gaps identified: feels that there needs to be a better facility and more access to clothing. Stated Orange should have little, tiny homes for the homeless.
 Comments on HRC: Feels HRC has been helpful and effective.

Client E
 Has been coming to HRC since it opened.
 Has been in and out of places but gets robbed and beat up so she prefers to stay close to the Police Department. Likes that HRC is close to PD.  Has been trying to get into a shelter.
 Been dealing with a divorce for 8 years.
 Likes the HEART team.
 No income.
 Has been trying to come daily to use shower, laundry, and breakfast. Does not get lunch because needs to go to court.
 Gaps identified: coffee, but effective in that it gives her what she needs.

Client F
 Homeless since 2016.
 Stays in Anaheim in her car.
 Receives Social Security.
 Has housing vouchers Section 8 from Mercy Housing.
 Uses showers, laundry, and food services. Also uses mail services.  Has own health insurance.
 Gaps identified: More parking. Coffee and snacks such as donuts. More clothing accessibility. Would like it open on Sundays.
 Comments on HRC: Believes it is effective and efficient. Feels comfortable going to HRC and to approach workers. Feels it is great to have everything in once place.

Client G
 Been using services for a week.
 Feels safe at HRC. Stays in Orange on the street.
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43 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN  Has been coming every day.
 Receives help from a friend and SSI $1347 a month.
 Dealing with a name change issues after identify theft.  Raised by a single mother.
 History of working as a security guard.
 Permanently disabled.
 Put name down for housing.
 Uses shower/laundry/food services and VOA.
 Gaps identified: Feels some clients should be banned and have Wi-Fi on- site.
 Comments on HRC: States volunteers are great, asked for a rain jacket and was given one along with a blanket.

Client H
 Sleeping in car since September 1. Used to stay on Riverbed.  Has health insurance. Trying to get back into Hurtt.
 Receives $898 a month. Pays for car, insurance, and helps mom. Cannot work because would not qualify for assistance.
 Multiple health issues/mental issues.
 Comes every day. Won’t go to a shelter because had bad experiences.

Stated she was sexually harassed, had stuff stolen.
 Uses mail services/showers/food services.
 Gaps identified: more food variety; coffee; more people to just listen; more clothing sizing options.

QUA
COMMENTS RECEIVED AT PUBLIC HEARING ON JANUARY 10, 2023

YING POPULATION INTERVIEWSQUALIFYING POPULATION INTERVIEWS Summary
Twelve comments were received from members of the public and HRC staff in favor of the HOME-ARP Allocation Plan.

Comments from Councilmember Barrios
 Had frank discussion on what was going on at Struck with Kisela when she took office. They are now seeing something completely different. City Manager said it is night and day.
 Connectivity at the site. Connecting with others in the City is key element that was missing before.

Comments from Chief of Police Dan Adams
 Havent had one violent crime since this group took over. Orange PD was at Mary’s Kitchen a lot.
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44 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN  Had resouces desginated for fighting crime there. Now the resources are used to see how they can help. Crime has been great.
 Structure, leadership, true care is what we get from this group.  Truly believe in what they are doing and that is why it is successful.

PREPARED STATEMENTS RECEIVED

ON INTERVIEWSQUALIFYING POPULATION INTERVIEWS
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45 SUBSTANTIAL AMENDMENDMENT - HOME ARP ALLOCATION PLAN 561
Agenda Item
City Council
Item #: 9.5. 5/13/2025 File #: 24-0679
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Leslie Hardy, Community Services Director

1. SUBJECT
Review of the draft Policies for Naming of New City Parks and for Park Asset Naming and Donations for Park Improvements.

2. SUMMARY
Review of the draft policy for Naming of New City Parks as well as the proposed policy for Park Asset Naming and Donations for Park Improvements to establish criteria, guidelines, and a procedure for future naming opportunities per the Park Planning and Community Events Commission’s recommendation.

3. RECOMMENDED ACTION
Provide input and direction regarding the proposed policies.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 2: Enhance Economic Development and Achieve Fiscal Sustainability Objective 2.15: Park naming/sponsorship program

6. DISCUSSION AND BACKGROUND
At the October 24, 2023 City Council Meeting, the Council directed staff to work with the Park Planning and Community Events Commission (Commission), to recommend a policy outlining criteria and guidelines for naming new City parks and park amenities.

At its January 2024 meeting, a draft Policy for the Naming of City Parks and Fundraising Efforts for Park Facilities/Amenities was presented to the Commission who requested that the draft policy be separated into two: one policy for the naming of new parks and one policy that addressed fundraising opportunities for naming rights of park amenities.

Staff returned to the September 2024 Commission Meeting, with two separate policies for review and consideration. The Commission recommended that after the incorporation of minor edits, revised drafts of the two policies be presented to the City Council for their consideration.

Attached are two proposed policies. The first outlines criteria for the naming of new City parks. It includes elements of similar policies adopted in other Orange County cities. It also incorporates the City of Orange Printed on 5/7/2025Page 1 of 2
powered by Legistar™
562
Item #: 9.5. 5/13/2025 File #: 24-0679
includes elements of similar policies adopted in other Orange County cities. It also incorporates the procedure for collecting public input which was recommended by the Commission at their November 2022 meeting. The second proposed policy outlines criteria for fundraising opportunities for park asset naming and donations for park improvements.

At this time the Council is being asked to provide input and direction regarding both policies.

7. ATTACHMENTS
· Draft Policy for Naming of New City Parks
· Draft Policy for Park Asset Naming and Donations for Park Improvements City of Orange Printed on 5/7/2025Page 2 of 2
powered by Legistar™
563
Agenda Item
City Council
Item #: 9.5. 5/13/2025 File #: 24-0679
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Leslie Hardy, Community Services Director

1. SUBJECT
Review of the draft Policies for Naming of New City Parks and for Park Asset Naming and Donations for Park Improvements.

2. SUMMARY
Review of the draft policy for Naming of New City Parks as well as the proposed policy for Park Asset Naming and Donations for Park Improvements to establish criteria, guidelines, and a procedure for future naming opportunities per the Park Planning and Community Events Commission’s recommendation.

3. RECOMMENDED ACTION
Provide input and direction regarding the proposed policies.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 2: Enhance Economic Development and Achieve Fiscal Sustainability Objective 2.15: Park naming/sponsorship program

6. DISCUSSION AND BACKGROUND
At the October 24, 2023 City Council Meeting, the Council directed staff to work with the Park Planning and Community Events Commission (Commission), to recommend a policy outlining criteria and guidelines for naming new City parks and park amenities.

At its January 2024 meeting, a draft Policy for the Naming of City Parks and Fundraising Efforts for Park Facilities/Amenities was presented to the Commission who requested that the draft policy be separated into two: one policy for the naming of new parks and one policy that addressed fundraising opportunities for naming rights of park amenities.

Staff returned to the September 2024 Commission Meeting, with two separate policies for review and consideration. The Commission recommended that after the incorporation of minor edits, revised drafts of the two policies be presented to the City Council for their consideration.

Attached are two proposed policies. The first outlines criteria for the naming of new City parks. It includes elements of similar policies adopted in other Orange County cities. It also incorporates the City of Orange Printed on 5/7/2025Page 1 of 2
powered by Legistar™
564
Item #: 9.5. 5/13/2025 File #: 24-0679
includes elements of similar policies adopted in other Orange County cities. It also incorporates the procedure for collecting public input which was recommended by the Commission at their November 2022 meeting. The second proposed policy outlines criteria for fundraising opportunities for park asset naming and donations for park improvements.

At this time the Council is being asked to provide input and direction regarding both policies.

7. ATTACHMENTS
· Draft Policy for Naming of New City Parks
· Draft Policy for Park Asset Naming and Donations for Park Improvements City of Orange Printed on 5/7/2025Page 2 of 2
powered by Legistar™
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1 CITY OF ORANGE

POLICY FOR NAMING OF NEW CITY PARKS
(DRAFT)
I. PURPOSE
To establish a policy regarding the naming of New City Parks of which the City Council has final approval. This policy also establishes a procedure for collecting public input regarding the naming of a new City park when directed to do so by the City Council.

II. NAMING OF PARKS
A. Criteria

1. In General
In selecting names for new City parks, the recommending body shall give primary consideration to names that bear a relationship to the geography, topography, history, adjacent street, school or neighborhood of the area in which it is located.

Every effort should be made to avoid names that are redundant of other public facilities, names that are similar in sound or spelling to other public facilities and names that may otherwise cause confusion.

2. Names in Honor of Individuals
Keeping in mind that the City has limited parks and numerous individuals who have made a significant contribution to our community, the naming of a park in honor of an individual is discouraged, especially if the individual is still living. However, it may be recommended that the City Council approve the naming of a new park in honor of an individual if they have no other park or facility named for them and the following factors occur:
 There was a direct substantial financial contribution of that person to the development of the park;
 There was a substantial contribution of that person to the development of facilities and recreation programs on a City-wide basis, financial or otherwise;  There was a substantial contribution by the person to the Community of Orange in general, financial or otherwise.
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2 3. Name Changes
Changes to names of existing parks, especially those that have received prior City Council approval, are discouraged because of the confusion it may create and the historical and familiarity value in keeping the same name, especially in the case of parks. Name changes should only be considered in extraordinary cases.

B. Procedure
This procedure provides a guideline for collecting public input regarding park naming for new City parks when directed to do so by the City Council. It is realized that the responsibility for park naming is at the discretion of the City Council.

1. Public Input:
 The Department will notice the community of a park naming opportunity via website, social media, QR code in park kiosks, and email. This notice will include park specifications with an invitation to provide submissions for the park’s official name per a given timeline through the City’s website, social media, email, and/or public comment.
 Submissions should include the proposer’s contact information and must state the reasons why the name furthers one or more of the listed criteria.  From these submissions, staff will compile a list of names that meet at least one of the listed criteria.
 Anyone may provide a submission for the naming of a new City park, including, but not limited to the City Council or any former member of the City Council.

2. Name Consideration:
 Submitted names shall be reviewed at a public meeting. Upon receipt of community input and upon due consideration, the Department will recommend up to three potential names per new City park naming opportunity to the City Council for final approval.
 If needed, family members of any potential namesakes will be contacted, if available, by staff prior to final recommendation to City Council to ensure their support of the recommendation.

3. City Council Consideration
567
3 Notice of the City Council’s consideration of the name recommendations shall be agendized and may be reviewed by the City Council at a formal meeting. The naming of a new City park after a person currently seated as a City Council member, Commissioner, or City employee or has held such a position in the past five years, shall not be considered.
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1 CITY OF ORANGE

POLICY FOR PARK ASSET NAMING AND DONATIONS FOR PARK

IMPROVEMENTS
(DRAFT)
I. PURPOSE
The purpose of this policy is to establish guidelines in the development and management of park asset naming rights programs and donations for park improvements. The policy will provide guidelines for entering into naming rights agreements in exchange for providing financial or material in-kind support for a specified park asset, making a donation to the City for park improvements, and proposing the re-naming of an existing park asset.

II. POLICY STATEMENT
The City Orange Community and Library Services Department (Community Services Department) may secure revenue and/or in-kind support for the benefit of its park system with the addition or development of new park assets which in turn benefits the community at large. The City of Orange or an organization affiliated with the City (Organization) may fundraise for new City park assets for the purpose of generating revenue, reducing expenses, increasing awareness of parks and recreation programs, and complementing the visitor experience.

The Community and Library Services Department provides quality, life-enriching, park spaces to the community, which translates into exceptional visibility for sponsors. It is the goal of this policy to further sponsorship opportunities for the ultimate benefit of the public.

Sponsors will receive recognition for their financial or in-kind contribution based on the agreed upon benefits to a level comparable with sponsors’ investment, without detracting from the visitor/customer/community member experience or impairing the visual qualities of the park facility or asset. It is the policy of the Community and Library Services Department that sponsorship and naming rights solicitation and agreements as well as donations for park improvements will exist in accordance with the guidelines set forth in this policy.

A. Definitions

1. Park Asset: Park amenities such as park buildings, fields, pavilions, and other facilities, rooms, art, or other physical features owned, operated, managed, and/or maintained by Community Services Department. Park assets may also include marketing assets such as advertising and promotional materials, digital and social media, and signage. A new park asset could include a new park 569
2 amenity or renovation and new or upgraded equipment (i.e. - playgrounds, fitness equipment) in an existing park.

2. Sponsorship: Sponsorship is a relationship with a person (an individual, corporation, limited liability company, or any other legal or commercial entity) where that person/corporation provides funds over a specified term, and in return, the person/entity receives acknowledgement of the sponsorship via specific benefits such as inclusion in marketing materials, signage, digital media, promotions, and/or display area. The person/entity may also receive other benefits, including certain designations, or category exclusivity.

3. Donation: Gift of money, goods, or services to the City or Organization without the expectation of a benefit in return.

B. Naming Rights for New Amenities
Naming rights of City approved amenities as part of the Community Services Capital Improvement Plan can vary in level and can include naming a room, pavilion, field, or other visible and accessible amenity.

1. Naming rights are positioned before the asset name, providing a strong alignment and ownership of the asset, for example “Company Name Skate Plaza at New Park”. Sponsors may receive exclusive naming rights on City Capital Improvement Projects for which any donation matches or exceeds 75% of the total budgeted cost for the amenity. The name will remain for the lifetime of the amenity, at which time, the Sponsor and City may agree to renew the naming rights based on an agreed dollar amount determined by the value of the amenity at that time. Lifetime of the amenity is determined by the needs of the City and is subjective per the City’s discretion.

C. Fundraising Campaigns
From time to time, the City may receive offers for outside groups/Organizations to identify sponsors to fundraise for specific, new park assets not funded through the City’s Capital Improvement Plan, in exchange for benefits. These Organizations, intending to fundraise for multiple naming rights or major projects must take the following steps:

1. Develop recommendations for naming opportunities with gift/benefit levels prior to receiving gifts and offering naming rights to prospective donors.

2. Draft and submit recommended naming opportunities to the Department Director for review.
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3 3. Department Director will submit the proposal to the City Attorney’s office for legal review and preparation of a draft agreement with the Organization, to be followed by final approval of the City Council. Only after City Council approval may the Organization begin soliciting donations and accepting sponsorships.

4. Naming proposals that do not align with the City’s mission, vision, or values, nor political organizations will not be considered.

5. Organizations conducting fundraising campaigns with naming opportunities attached must immediately notify City staff when a naming proposal is under consideration in order to facilitate an administrative review.

6. Acceptance of a naming proposal by an Organization conducting a fundraising campaign must be considered conditional pending approval of the City Council.

D. Guidelines Associated with Donations (outside of Sponsorship or Fundraising Campaign)
Donations made to the City for City approved park improvements and/or assets outside of a sponsorship/fundraising campaign can be made to the City of Orange directly.

1. Donor will receive a letter of acceptance and a certificate of donation acknowledgement and the location of the donated item/improvement (when applicable).

2. In some cases, recognition of donation may be given at a Commission or Council meeting.

3. Donor will receive a certificate of acknowledgement for the donation and their name will be placed on the City’s website and posted on social media.

E. Nonpublic Forum Status
The City of Orange’s acceptance of sponsorships, and the advertising included in a sponsorship agreement, does not provide or create a public forum for expressive activities or for discourse and debate. Rather, as noted, the City’s purpose and intent is to secure additional means of generating revenue to support the Community and Library Services Department in their efforts to develop and improve its park system through new park assets. In furtherance of that objective, the City retains strict control over the nature of the sponsors and content accepted for posting online, and in its parks, facilities, and on its property. The City maintains its advertising space 571
4 as a nonpublic forum. This policy is intended to provide clear guidance as to the types of advertisements that will allow the City to generate revenue and enhance parks by fulfilling the following important goals and objectives:

1. Maintain a position of neutrality and preventing the appearance of favoritism or endorsement by the City.

2. Preventing the risk of imposing objectionable, inappropriate or harmful views on a captive public audience.

3. Preventing any harm or abuse that may result from running objectionable, inappropriate or harmful advertisements.

The City of Orange’s sponsorship and naming rights opportunities are a nonpublic forum and, as such, the City will accept only that advertising that falls within the categories of acceptable advertising specified in this neutral policy and that satisfies all other access requirements and restrictions provided herein.

F. Disclaimer of Endorsement
The City of Orange does not endorse the products, services, or ideas of any sponsor.

The City’s acceptance of a sponsorship does not constitute express or implied endorsement of the content or message of the advertisement, including any person, organization, products, services, information or viewpoints contained therein, or of the advertisement sponsor itself. This endorsement disclaimer extends to and includes content that may be found via internet addresses, quick response (QR) codes, and telephone numbers that may appear in posted ads and that direct viewers to external sources of information.

G. Right to Decline
The City of Orange reserves the right to decline a sponsor if, upon review, acceptance of the funds is determined to not be in the best interest of the City. At its discretion, the City may reject a sponsorship offer. Circumstances under which this may occur include, but are not limited to: The potential sponsor seeks to secure a contract, permit; seeks to impose conditions that are inconsistent with the City’s mission, values, policies, and/or planning documents; seeks to impose conditions that are inconsistent with the City’s Equity values; seeks to impose conditions that are inconsistent with the City’s environmental stewardship values; or Acceptance of a potential sponsorship would create a conflict of interest or policy.

H. Special Privileges
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5 Becoming a sponsor or making a donation does not entitle a sponsor/donor to any special privileges other than those as agreed upon with the fundraising Organization or that are stated in this policy.

I. Individual Recognition
The naming of a park asset in honor of an individual is discouraged, especially if the individual is still living. However, it may be recommended that the City Council approve naming of a park asset in honor of an individual under the following conditions:

1. They have no other City facility or park asset named for them.

2. The individual, their family, or a community organization has made exceptional contributions to the City.

3. The significance of the contribution of the individual/organization needs to be evaluated in terms of the service impact of the facility. Individuals and organizations that have made contributions of regional or community wide significance may be considered for naming of park assets that serve the region of community. Individuals and organizations that have made contributions of area or neighborhood wide significance may be considered for naming of park assets that serve the area and neighborhood.

IV. PROCEDURE
A. New Park Assets
Organizations shall propose naming rights opportunities for new park assets for consideration to the Community and Library Services Department Director. If the Director approves the proposal in principle, the proposed naming rights opportunity will be presented to the City Council for final approval. Once approved, the City will implement the benefits agreed upon with the Sponsor or fundraising Organization and any applicable termination provisions.

B. Re-Naming of Existing Park Assets
Financial donors interested in receiving naming rights for an existing park asset will be handled on a case-by-case basis, allowing the City to determine the appropriateness of re-naming the amenity, value of a particular asset, and duration of benefit comparable to the donation. While discouraged, re-naming proposals for existing park assets must:
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6 1. Align with City’s mission, vision, and values. Political organizations will not be considered.

2. Recommended to the City Council for final approval.

C. Cancellation Provision
In the event of unforeseen or extenuating circumstances, the City reserves the right to revoke any asset naming rights granted under this policy at its sole discretion and without liability.
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Agenda Item
City Council
Item #: 9.6. 5/13/2025 File #: 25-0258
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Garrett Smith, City Treasurer

1. SUBJECT
Monthly Treasurer’s Reports for January, February, and March 2025

2. SUMMARY
These reports provide a compilation of three-monthly Treasurer’sReports to the City Council for the third quarter of Fiscal Year 2024-25. Included in the reports are an economic update and detail of the City’s portfolio holdings, monthly transactions, and consolidated information on all cash and investments.

3. RECOMMENDED ACTION
Receive and file.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 2: Enhance Economic Development and Achieve Fiscal Sustainability Objective 2.9: Create a fiscal sustainability plan

6. DISCUSSION AND BACKGROUND
The City’sFiscal Year 2024-25 Statement of Investment Policy has been adopted by the City Council of the City of Orange as Resolution 11563 and is in accordance with the California Government Code Sections 53600 et seq. Per the Investment Policy, three monthly investment reports are to be submitted to the City Council within 45 days following the end of the quarter.

As required by the City’s present Investment Policy, the City Treasurer’s report delineates all investments made by the City Treasurer for the City, its special funds, and the Successor Agency funds, by investment type and by broker.

The monthly Compliance Report certifying compliance of all investments with both the Government Code and the City’s Investment Policy is included.

The Investment Portfolio Statement accurately reflects all investments held by the City and its agents as of the end of the month. A summary of Treasurer’s cash and investments is also included.

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Item #: 9.6. 5/13/2025 File #: 25-0258
Summary of Cash and Investments:

The cash and investment report provides a summary of the cash and investment accounts held by the City as quarter ending March 31, 2025. As of March 31, 2025, the book value of the City’stotal investment portfolio was $152.4 million, of which $104.7 million, or 68.5%, was managed by Chandler Asset Management (Chandler), the City’sinvestment manager. The remaining balance of $48 million of the portfolio was managed by City staff of which $35.3 million was invested in the Local Agency Investment Fund (LAIF) and $12.7 million held in the City’s operating checking account.

Cash & Investments Balance
₁Chandler Investments $104,718,221.25
LAIF, City $29,524,635.03
LAIF, Successor Agency $5,465,222.71
Chandler, Cash $344,866.45
Wells Fargo Bank $12,731,477.44
Balance at 3/31/2025 $152,784,422.88
(1)Represents the bank balance. Includes operating cash and investments (valued at cost). Does not include deposits with administrator, impress cash, fiscal agent cash and investments, and deferred compensation.

Pursuant to California Government Code Section 53646(b)(3), the City certifies that the reported cash and investment balances are sufficient to meet anticipated expenditures for the next six months.

In summary, cash and investments as of March 31, 2025 totaled $152,784,422.88. The City’s balances by fund is presented in the Cash and Investment by Fund attachment.

Fund Categories Amount
General Fund 22,503,800.28 15%
Special Revenue Fund29,674,802.62 19%
Enterprise Fund 39,465,056.72 26%
Capital Project Fund 27,592,740.40 18%
Internal Service Fund 24,707,368.04 16%
Other Funds 8,840,654.83 6%
152,784,422.88 100.0%
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Item #: 9.6. 5/13/2025 File #: 25-0258
The City invests a large portion of its portfolio in Federal Agency Securities and U.S. Treasury Notes due to safety and preservation of capital to prevent loss. The City also invests a portion of its funds in LAIF which offers same day liquidity. Additionally, the City invests in high quality corporate notes, asset backed securities, and supranational agency bonds to obtain higher yields and add diversity to the portfolio. As of March 31, 2025 the City investments consisted of the following and are compliant with the Investment Policy:

Investment Type
Book Value as of
March 31, 2025
Percentage of Portfolio
Investment by Type
Federal Agency Securities 33,616,573.97 68.77%
Corporate Notes 30,820,330.01
U.S. Treasury Notes 26,100,774.59
Asset Backed Securities 9,452,644.71
Supranational 4,311,511.63
Money Market Fund 416,386.34
Chandler Custodial Cash 344,866.45
Local Agency Investment Fund City (LAIF 604) 29,524,635.03 22.90% Local Agency Investment Fund Successor (LAIF 007) 5,465,222.71 Checking Account/Custodial Cash (WF14) 536,160.81 8.33% Checking Account/Custodial Cash (WF15) 11,831,570.63
Checking Account/Custodial Cash (WF12) 363,746.00
Total Investments 152,784,422.88 100%
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Item #: 9.6. 5/13/2025 File #: 25-0258
Significant Cash Transactions:

The City’stotal cash Increased by $4.3 million from the last quarter’stotal of $148,504,125 million.

Total cash fluctuates over the course of the fiscal year due to cyclical events. All cash disbursements are within the FY 2024-25 budget and all check registers are presented to the City Council monthly.

Treasurers’ Comments:

Q3 fell just short of our benchmark at +1.9% (benchmark of +2%). In comparison to last quarter, we were down (.43%), so we have seen a big shift in the right direction.

In addition to the investment portfolio being in good standing, we also saw dividends on our Wells Fargo side. The interest rates do fluctuate on a monthly basis but the values are below for reference.

January 2025 = $81,489.39
February 2025 = $55,448.58
March 2025 = $40,880.55
TOTAL = $177,818.52

7. ATTACHMENTS
· Cash and Investments by Fund
· Investment Report for the Period Ending March 31, 2025 · Chandler Monthly Statements for January, February, and March 2025 City of Orange Printed on 5/7/2025Page 4 of 4
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Agenda Item
City Council
Item #: 9.6. 5/13/2025 File #: 25-0258
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Garrett Smith, City Treasurer

1. SUBJECT
Monthly Treasurer’s Reports for January, February, and March 2025

2. SUMMARY
These reports provide a compilation of three-monthly Treasurer’sReports to the City Council for the third quarter of Fiscal Year 2024-25. Included in the reports are an economic update and detail of the City’s portfolio holdings, monthly transactions, and consolidated information on all cash and investments.

3. RECOMMENDED ACTION
Receive and file.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 2: Enhance Economic Development and Achieve Fiscal Sustainability Objective 2.9: Create a fiscal sustainability plan

6. DISCUSSION AND BACKGROUND
The City’sFiscal Year 2024-25 Statement of Investment Policy has been adopted by the City Council of the City of Orange as Resolution 11563 and is in accordance with the California Government Code Sections 53600 et seq. Per the Investment Policy, three monthly investment reports are to be submitted to the City Council within 45 days following the end of the quarter.

As required by the City’s present Investment Policy, the City Treasurer’s report delineates all investments made by the City Treasurer for the City, its special funds, and the Successor Agency funds, by investment type and by broker.

The monthly Compliance Report certifying compliance of all investments with both the Government Code and the City’s Investment Policy is included.

The Investment Portfolio Statement accurately reflects all investments held by the City and its agents as of the end of the month. A summary of Treasurer’s cash and investments is also included.

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Item #: 9.6. 5/13/2025 File #: 25-0258
Summary of Cash and Investments:

The cash and investment report provides a summary of the cash and investment accounts held by the City as quarter ending March 31, 2025. As of March 31, 2025, the book value of the City’stotal investment portfolio was $152.4 million, of which $104.7 million, or 68.5%, was managed by Chandler Asset Management (Chandler), the City’sinvestment manager. The remaining balance of $48 million of the portfolio was managed by City staff of which $35.3 million was invested in the Local Agency Investment Fund (LAIF) and $12.7 million held in the City’s operating checking account.

Cash & Investments Balance
₁Chandler Investments $104,718,221.25
LAIF, City $29,524,635.03
LAIF, Successor Agency $5,465,222.71
Chandler, Cash $344,866.45
Wells Fargo Bank $12,731,477.44
Balance at 3/31/2025 $152,784,422.88
(1)Represents the bank balance. Includes operating cash and investments (valued at cost). Does not include deposits with administrator, impress cash, fiscal agent cash and investments, and deferred compensation.

Pursuant to California Government Code Section 53646(b)(3), the City certifies that the reported cash and investment balances are sufficient to meet anticipated expenditures for the next six months.

In summary, cash and investments as of March 31, 2025 totaled $152,784,422.88. The City’s balances by fund is presented in the Cash and Investment by Fund attachment.

Fund Categories Amount
General Fund 22,503,800.28 15%
Special Revenue Fund29,674,802.62 19%
Enterprise Fund 39,465,056.72 26%
Capital Project Fund 27,592,740.40 18%
Internal Service Fund 24,707,368.04 16%
Other Funds 8,840,654.83 6%
152,784,422.88 100.0%
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Item #: 9.6. 5/13/2025 File #: 25-0258
The City invests a large portion of its portfolio in Federal Agency Securities and U.S. Treasury Notes due to safety and preservation of capital to prevent loss. The City also invests a portion of its funds in LAIF which offers same day liquidity. Additionally, the City invests in high quality corporate notes, asset backed securities, and supranational agency bonds to obtain higher yields and add diversity to the portfolio. As of March 31, 2025 the City investments consisted of the following and are compliant with the Investment Policy:

Investment Type
Book Value as of
March 31, 2025
Percentage of Portfolio
Investment by Type
Federal Agency Securities 33,616,573.97 68.77%
Corporate Notes 30,820,330.01
U.S. Treasury Notes 26,100,774.59
Asset Backed Securities 9,452,644.71
Supranational 4,311,511.63
Money Market Fund 416,386.34
Chandler Custodial Cash 344,866.45
Local Agency Investment Fund City (LAIF 604) 29,524,635.03 22.90% Local Agency Investment Fund Successor (LAIF 007) 5,465,222.71 Checking Account/Custodial Cash (WF14) 536,160.81 8.33% Checking Account/Custodial Cash (WF15) 11,831,570.63
Checking Account/Custodial Cash (WF12) 363,746.00
Total Investments 152,784,422.88 100%
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Item #: 9.6. 5/13/2025 File #: 25-0258
Significant Cash Transactions:

The City’stotal cash Increased by $4.3 million from the last quarter’stotal of $148,504,125 million.

Total cash fluctuates over the course of the fiscal year due to cyclical events. All cash disbursements are within the FY 2024-25 budget and all check registers are presented to the City Council monthly.

Treasurers’ Comments:

Q3 fell just short of our benchmark at +1.9% (benchmark of +2%). In comparison to last quarter, we were down (.43%), so we have seen a big shift in the right direction.

In addition to the investment portfolio being in good standing, we also saw dividends on our Wells Fargo side. The interest rates do fluctuate on a monthly basis but the values are below for reference.

January 2025 = $81,489.39
February 2025 = $55,448.58
March 2025 = $40,880.55
TOTAL = $177,818.52

7. ATTACHMENTS
· Cash and Investments by Fund
· Investment Report for the Period Ending March 31, 2025 · Chandler Monthly Statements for January, February, and March 2025 City of Orange Printed on 5/7/2025Page 4 of 4
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City of Orange
Cash and Investments by Fund
As of March 31, 2025
Fund Fund Name Fund Type Balance
100 General Fund General Fund 21,014,805.50
105 Reimbursable Expenses General Fund (96,629.97)
110 Building Records Mgmt Fee General Fund 1,585,624.74 120 Prop 172 Special Revenue Fund 1,168,435.93
125 EMT Transport Fund Special Revenue Fund 2,962,963.62 126 Opioid Settlement Fund Special Revenue Fund 1,243,709.96 130 1% PEG Program Special Revenue Fund 316,144.77
140 CASp Certification & Training Fund Special Revenue Fund 423,172.20 150 OC Headstart (OCPT) Building Maint Special Revenue Fund 214,018.16 220 Sewer Enterprise Fund 12,680,473.58
245 AB 2766 Air Pollution Reduction Special Revenue Fund 352,701.98 263 Traffic Improvement -Measure M2 Special Revenue Fund 2,859,554.98 270 Gas Tax Maintenance Special Revenue Fund 687,141.45 274 Road Maint Rehabilitation Account (RMRA) Special Revenue Fund 3,678,531.19 287 Citywide TSIP Special Revenue Fund 4,479,114.17
291 Santiago Hills Landscape Maint 1986 & 2015 Special Revenue Fund 1,312,593.34 293 94-1 Sycamore Crossing Landscape Maint District Special Revenue Fund 142,289.02 294 Del Rio Landscape Maintenance District Special Revenue Fund 348,802.89 310 Community Development Block Grant (CDBG) Special Revenue Fund (252,208.82) 312 SB2-Building Homes & Jobs Act Special Revenue Fund 2,502,345.97 315 CDBG - Housing Rehab/Loans Special Revenue Fund 541,614.26 316 Federal Rental Rehabilitation Special Revenue Fund 163,603.98 317 HOME Grant Special Revenue Fund (1,013,138.55)
320 California Parklands Special Revenue Fund 138,656.62 350 Traffic Safety Special Revenue Fund 1,008,789.21
353 Federal Police Grants Special Revenue Fund (10,639.37) 354 Citizen's Option for Public Safety (COPS) Grant Special Revenue Fund 1,215,518.26 355 Asset Seizure- Federal Special Revenue Fund 2,227,230.36 356 Asset Seizure - State (85%) Special Revenue Fund 109,073.44 357 Asset Seizure - State (15%) Special Revenue Fund 232,428.62 358 RNSP - Federal Special Revenue Fund 307,669.77
359 RNSP - Treasury Special Revenue Fund 5,837.74
360 Asset Seizure - Treasury Special Revenue Fund 1,132,790.91 400 City Debt Service Debt Service Fund 0.49
500 Capital Projects Capital Project Fund 11,395,054.91 510 Park Acquisition (Infill) Capital Project Fund 9,483,594.30 511 Park Acquisition & Development (Quimby) Capital Project Fund 39,527.56 512 El Modena Park Facility - Cell Tower Fee Capital Project Fund 741,963.39 520 Sewer Construction Enterprise Fund 58,109.11
530 Drainage Districts Capital Project Fund 4,445.83
540 Old Towne Parking Facility Capital Project Fund 31,912.48 550 Reimbursable Capital Projects Capital Project Fund (2,654,396.80) 551 Grijalva Park Fund Capital Project Fund 3,165.90
553 City Infrastructure Bond Capital Project Fund (803,250.94) 555 Parking In Lieu Capital Project Fund 72,228.16
560 Fire Facility Fee Districts Capital Project Fund 1,001,018.84 570 Police Facility Fees Capital Project Fund 934,586.33 573 Library Facility Fees Capital Project Fund 708,825.76 600 Water Enterprise Fund 26,726,474.03
710 Equipment Expense Internal Service Fund 478,793.34
720 Equipment Replacement Internal Service Fund 4,424,580.80 725 Major Building Improvements Internal Service Fund 178,846.36 730 Self Insurance - Workers Compensation Internal Service Fund 3,461,894.86 740 Self Insurance - Liability Internal Service Fund 460,230.89 752 Self Insurance - Dental Internal Service Fund 609,505.08 760 Employee Accrued Liability Internal Service Fund 4,350,887.81 780 Information Systems Fund Internal Service Fund 1,368,973.08 790 Computer Replacement Internal Service Fund 9,373,655.83 810 Cash Bond Deposit Other Funds 32,805.62
811 DPW Advance Payment Other Funds 1,179,409.00
812 Building Department/Cash Bond Deposit Other Funds 963.57 830 County Sanitation District 15 Other Funds 25,835.02 840 Eastern Foothill Transportation Corridor Other Funds 1,020.59 877 Community Facilities District 91-2 Other Funds 1,324,092.91 878 Comm Facilities District 06-1 Del Rio Other Funds 1,070,712.33 916 Affordable Housing - New Construction Special Revenue Fund 305,735.64 920 Redevelopment Obligation Retirement Fund Other Funds 65,483.04 921 Low & Moderate Income Housing Asset Fund Special Revenue Fund 870,320.93 940 Orange Merged Capital Projects Other Funds 4,313,336.92 951 City Trf: Tustin Project-Taxable Bonds Capital Project Fund 1,337,768.03 952 City Trf: Nw & Sw Merged 2003 Txbl Bonds Capital Project Fund 1,453,759.91 953 City Trf: Nw & Sw Merged 2003 Tax Exempt Capital Project Fund 768,279.18 954 City Trf: Merged 2008 Tax Exempt Bonds Capital Project Fund 3,074,257.55 987 Orange Merged Debt Service Other Funds 826,995.35
Total Pooled Cash and Investments 152,784,422.88
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INVESTMENT REPORT
City of Orange | As of March 31, 2025
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement. 584

TABLE OF CONTENTS

ECONOMIC UPDATE

ACCOUNT PROFILE

CONSOLIDATED INFORMATION

PORTFOLIO HOLDINGS

TRANSACTIONS
1 585

ECONOMIC UPDATE
2 586
▪
▪
▪
Recent economic data suggest slower growth in 2025 and greater market uncertainty as the effects of fiscal policy unfold. Inflationary trends have subsided, but some components remain sticky, and core levels remain above the Fed’s target. The labor market reflects improved balance between supply and demand for workers. While job creation has been robust, continuing jobless claims remain elevated.

Given the economic outlook, we expect gradual normalization of monetary policy and a steepening yield curve.

As broadly anticipated, the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged at the range of 4.25 - 4.50% at the March meeting. Fed Chair Powell emphasized increased uncertainty around the economic outlook and the need for “greater clarity” before making changes to interest rate policy. He also acknowledged possible transitory inflationary impacts from tariffs. The summary of economic projections (SEP) indicated lower GDP growth, higher inflation, and higher unemployment estimates than December projections, along with roughly two 25-basis point rate cuts this year. The FOMC also announced a slowdown in the pace of balance sheet reduction.

US Treasury yields declined, and the curve steepened in March. The 2-year Treasury yield declined 10 basis points to 3.89%, the 5-year Treasury fell 7 basis points to 3.95%, and the 10-year Treasury yield was unchanged 4.21%. The spread between the 2-year and 10-year Treasury yield points on the curve widened to +32 basis points at March month-end versus +22 basis points at February month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -42 basis points. The spread between the 3-month and10- year Treasury yield points on the curve was -9 basis points in March, unchanged from February.

ECONOMIC UPDATE
3 587
-400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added 228,000 jobs in March, exceeding consensus expectations, and the last two months were revised down by 48,000. Gains were led by healthcare, retail, social assistance, and transportation. The three-month moving average and six-month moving average payrolls totaled 152,000 and 181,000 respectively. The unemployment rate rose to 4.2% in March, and the labor participation rate edged up to 62.5%, remaining below the pre-pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons edged down to 7.9% in March from

8.0% in February. Average hourly earnings ticked down to an increase of 3.8% year-over-year in March.

Source: US Department of Labor Source: US Department of Labor

EMPLOYMENT
4 588
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) fell to 7.57 million new job openings in February from 7.76 million new job openings in January. Job openings indicate a ratio of 1.1 jobs for each unemployed individual, representing a relatively balanced labor market.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
5 589

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
YOY (%) Change
In March, price increases measured by both the Consumer Price Index (CPI) and Core CPI, which excludes volatile food and energy components, decelerated from last month and came in lower than consensus expectations. The headline CPI dropped 0.1% month-over- month and rose 2.4% year-over-year, while the Core CPI rose 0.1% month-over-month and 2.8% year-over-year. The Personal Consumption Expenditures (PCE) price index increased by 0.3% from the previous month and 2.5% year-over-year in February. The Core PCE deflator, which excludes food and energy and is the Fed’s preferred gauge, accelerated its increase to 0.4% month-over-month and 2.8% from 2.6% year-over-year. Inflation remains above the Fed’s 2% target.

Source: US Department of Labor Source: US Department of Commerce

INFLATION
6 590
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
The Advance Retail Sales report for February fell short of expectations, increasing 0.2% month-over-month following a 1.2% decline in January. Declines were broad-based across categories. However, control group sales, which feeds into gross domestic product and excludes food services, auto dealers, building materials stores, and gasoline stations, increased 1% in February. On a year-over-year basis, Retail Sales grew 3.1% in February versus 3.9% in January. The Conference Board’s Consumer Confidence Index tumbled 7.2 points in March to 92.9, a notable decrease from February. Consumers' assessment of the present situation fell, with business conditions viewed as "good" by only 17.7% and jobs considered "plentiful" by 33.6%. Their expectations for income, business, and labor market conditions dropped, with pessimism about future employment prospects falling to a 12-year low. While the consumer has been resilient, rising inflation expectations, concerns about trade policies and tariffs, and general economic and policy uncertainty could pose potential risks to future spending.
0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)

CONSUMER
7 591
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) fell by 0.3% in February, following a 0.2% decline in January. The LEI decreased year- over-year by 3.1%. The monthly decline was primarily driven by consumer assessments of future business conditions becoming more pessimistic. The Chicago Fed National Activity Index (CFNAI) increased to +0.18 in February from a revised -0.08 in January, reflecting stronger readings across production-related indicators and sales, orders, and inventories. The three-month moving average rose to +0.15 in February from +0.07 in January, indicating expectations of continued above-trend economic growth.

Source: The Conference Board Source: Federal Reserve Bank of Chicago

LEADING INDICATORS OF ECONOMIC ACTIVITY
8 592
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts soared 11.2% to 1.5 million units in February as builders rebounded from adverse weather conditions in January. Total starts are down 2.9% compared to February 2024. Single family homes starts rose 11.4%, and multi-family starts increased 10.7%. The Freddie Mac 30-year fixed rate mortgage averaged approximately 6.8% in February. According to the Case-Shiller 20-City Home Price Index, housing prices rose 4.7% year-over-year in January, compared to 4.5% in December. While inventory constraints remain a challenge, the slight improvement in annual gains suggests gradual stabilization in the market. However, higher mortgage rates continue to weigh on affordability, limiting buyer demand and market activity.

Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change

HOUSING
9 593
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management (ISM) Manufacturing index dipped back into contractionat 49.0 in March from 50.3 in February. The survey reflected a decline in business activity, upward price pressures, and notably weaker employment. The ISM Services index declined to 50.8 in March from 53.5 in February as new orders, employment, and supplier deliveries all weakened. A reading over 50 indicates expansion, while a reading under 50 indicates contraction.

Source: Institute for Supply Management

SURVEY BASED MEASURES
10 594
Components of GDP 3/24 6/24 9/24 12/24

1.3% 1.9% 2.5% 2.7%

0.6% 1.5% 0.2% -1.0%
-0.6% -0.9% -0.4% 0.3%

0.0% 0.3% 0.6% 0.3%

0.3% 0.3% 0.3% 0.3%

1.6% 3.0% 3.1% 2.4%
State and Local (Consumption and Gross
Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-40.0%
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce According to the third estimate, fourth quarter GDP increased at an annualized rate of 2.4 percent, revised up 0.1 percentage point from the second estimate. Growth continues to be powered by consumer spending and government spending, partly offset by a decrease in investment. Imports also decreased. Real GDP increased 2.8 percent in 2024. The consensus projection calls for 1.2% growth for the first quarter and 2.0% for the full year 2025.

GROSS DOMESTIC PRODUCT (GDP)
11 595
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
As broadly anticipated, the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged at the range of 4.25 - 4.50% at the March meeting. Fed Chair Powell emphasized increased uncertainty around the economic outlook and the need for“greater clarity” before making changes to interest rate policy. He also acknowledged possible transitory inflationary impacts from tariffs. The summary of economic projections (SEP) indicated lower GDP growth, higher inflation, and higher unemployment estimates than December projections, along with roughly two 25-basis point rate cuts this year. The FOMC also announced a slowdown in the pace of balance sheet reduction. The monthly redemption cap on Treasuries will be reduced from $25 billion to $5 billion, while the cap on agencies and mortgage-backed securities will be maintained at $35 billion. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by approximately $2.2 trillion to approximately $6.8 trillion.

FEDERAL RESERVE

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 596
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Mar-25
Dec-24
Mar-24
Yield (%)

BOND YIELDS
13 597

ACCOUNT PROFILE
14 598

OBJECTIVES
Investment Objectives
The investment objectives of the City of Orange are first, to provide safety of principal to ensure the preservation of capital in the overall portfolio; second, to provide adequate liquidity to meet all requirements which might be reasonably anticipated; and third, to earn a commensurate rate of return.

Chandler Asset Management Performance Objective
The performance objective for the portfolio is to achieve a rate of return over a market cycle that equals or exceeds the return on a market index of similar duration and sector allocation.

Strategy
In order to achieve these objectives, the portfolio invests in high quality fixed income securities consistent with the investment policy and California Government Code. 15 599

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of March 31, 2025 Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (BV; ABS, CMO & MBS) 20.0 6.2 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (BV) 20.0 6.2 Compliant
Max % Issuer (BV) 5.0 0.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

COMMERCIAL PAPER
Max % (BV) 40.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (BV) 30.0 20.2 Compliant
Max % Issuer (BV) 5.0 3.3 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (BV) 75.0 22.0 Compliant
Max % Issuer (BV) 30.0 11.4 Compliant
Max Callables (BV) 20.0 12.7 Compliant
Max Maturity (Years) 5 4 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (BV) 75.0 35.0 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (BV) 100.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
16 600

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of March 31, 2025 Rules Name Limit Actual Compliance
Status Notes
Max % (BV) 20.0 0.3 Compliant
Max % Issuer (BV) 20.0 0.3 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

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

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (BV) 30.0 2.8 Compliant
Max % Issuer (BV) 10.0 1.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (BV) 100.0 17.1 Compliant
Max Maturity (Years) 5 4 Compliant
17 601

PORTFOLIO CHARACTERISTICS
City of Orange | Account #10888 | As of March 31, 2025
Benchmark* 3/31/2025
Portfolio
12/31/2024
Portfolio
Average Maturity (yrs) 2.65 2.67 2.60
Average Modified Duration 2.48 2.24 2.23
Average Purchase Yield 3.39% 3.16%
Average Market Yield 3.93% 4.23% 4.47%
Average Quality** AA+ AA+ AA+
Total Market Value 105,095,891 103,160,056
*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 18 602

SECTOR DISTRIBUTION
City of Orange | Account #10888 | As of March 31, 2025
Sector as a Percentage of Market Value
Sector 03/31/2025 12/31/2024
Agency 31.88% 37.72%
Corporate 29.46% 26.84%
US Treasury 25.00% 25.34%
ABS 9.11% 6.44%
Supras 4.15% 3.58%
Money Mkt Fd 0.40% 0.08%
19 603

ISSUERS
City of Orange | Account #10888 | As of March 31, 2025
Issuer Investment Type % Portfolio
Government of The United States US Treasury 25.00%
Federal Home Loan Banks Agency 16.49%
Farm Credit System Agency 7.85%
Federal Home Loan Mortgage Corp Agency 7.54%
Toyota Motor Corporation Corporate 4.69%
Apple Inc. Corporate 2.79%
International Bank for Recon and Dev Supras 2.49%
PepsiCo, Inc. Corporate 1.97%
Honda Auto Receivables Owner Trust ABS 1.84%
Inter-American Development Bank Supras 1.65%
American Express Credit Master Trust ABS 1.36%
John Deere Owner Trust ABS 1.30%
BMW Vehicle Owner Trust ABS 1.26%
State Street Corporation Corporate 1.24%
Guardian Life Global Funding Corporate 1.22%
Cisco Systems, Inc. Corporate 1.22%
The Home Depot, Inc. Corporate 1.21%
Chubb Limited Corporate 1.21%
JPMorgan Chase & Co. Corporate 1.19%
Merck & Co., Inc. Corporate 1.19%
Bank of America Corporation Corporate 1.18%
PACCAR Inc Corporate 1.16%
Chase Issuance Trust ABS 1.03%
Royal Bank of Canada Corporate 0.97%
Massachusetts Mutual Life Insurance Corporate 0.96%
Bank of Montreal Corporate 0.96%
UnitedHealth Group Incorporated Corporate 0.95%
Caterpillar Inc. Corporate 0.93%
Hyundai Auto Receivables Trust ABS 0.88%
New York Life Insurance Company Corporate 0.80%
20 604

ISSUERS
City of Orange | Account #10888 | As of March 31, 2025
Issuer Investment Type % Portfolio
Metropolitan Life Global Funding I Corporate 0.79%
Morgan Stanley Corporate 0.74%
Eli Lilly and Company Corporate 0.67%
WF Card Issuance Trust ABS 0.54%
Deere & Company Corporate 0.49%
Bank of America Credit Card Trust ABS 0.49%
National Rural Utilities Cooperative Corporate 0.48%
Union Pacific Corporation Corporate 0.45%
GM Financial Automobile Leasing Trus ABS 0.41%
First American Govt Oblig fund Money Mkt Fd 0.40%
Cash Cash 0.00%
TOTAL 100.00%
21 605

QUALITY DISTRIBUTION
Rating 03/31/2025 12/31/2024
AAA 11.3% 8.1%
AA 64.6% 69.1%
A 21.7% 20.8%
NA 2.4% 2.0%
Rating 03/31/2025 12/31/2024
AAA 69.5% 73.8%
AA 6.1% 1.2%
A 19.8% 22.1%
NA 4.6% 2.9%
Rating 03/31/2025 12/31/2024
AAA 8.2% 5.8%
AA 64.2% 67.4%
A 11.2% 11.4%
NA 16.5% 15.4%
City of Orange | Account #10888 | As of March 31, 2025
S&P Rating Moody’s Rating Fitch Rating
22 606
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 7.7% 0.7% 18.7% 18.3% 16.3% 24.6% 13.7% 0.0% 0.0% ICE BofA 1-5 Year Unsubordinated US Treasury &
Agency Index 0.0% 0.0% 2.6% 35.4% 27.3% 22.5% 12.1% 0.0% 0.0%

DURATION DISTRIBUTION
City of Orange | Account #10888 | As of March 31, 2025
Portfolio Compared to the Benchmark
23 607
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception

TOTAL RATE OF RETURN
City of Orange 1.90% 5.70% 4.63% 2.80% 1.43%
Benchmark 2.00% 5.50% 3.96% 2.49% 1.29%
*Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

INVESTMENT PERFORMANCE
City of Orange | Account #10888 | As of March 31, 2025
Total Rate of Return : Inception | 01/01/2022
24 608

HISTORICAL AVERAGE PURCHASE YIELD
City of Orange | Account #10888 | As of March 31, 2025
Purchase Yield as of
03/31/25 = 3.39%
25 609

CONSOLIDATED INFORMATION
26 610

PORTFOLIO CHARACTERISTICS
City of Orange Cons | Account #10897 | As of March 31, 2025 3/31/2025
Portfolio
12/31/2024
Portfolio
Average Maturity (yrs) 1.83 1.81
Average Modified Duration 1.54 1.55
Average Purchase Yield 3.32% 3.10%
Average Market Yield 3.88% 4.00%
Average Quality** AA+ AA+
Total Market Value 153,160,709 148,174,084
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 27 611

PORTFOLIO HOLDINGS
28 612

HOLDINGS REPORT
City of Orange | Account #10888 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 157,019.74 02/16/2023

5.09%
156,990.57
157,005.32
100.23

4.68%
157,376.16
219.83

0.15%
370.84
AAA/NA
AAA

2.06 0.55
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 342,260.37 02/22/2023

3.39%
342,198.00
342,225.61
100.29

4.66%
343,252.58
762.10

0.33%
1,026.97
AAA/NA
AAA

2.63 0.71
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,951.47
100.46

4.43%
431,997.31
612.27

0.41%
2,045.84
NA/AAA
AAA

2.90 1.66
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 179,348.33 07/11/2023

5.47%
179,316.55
179,328.31
100.66

4.59%
180,530.75
163.51

0.17%
1,202.44
NA/AAA
AAA

2.91 0.70
02582JJZ4 AMXCA 2023-1 A 4.87 05/15/2026 350,000.00 06/07/2023

4.87%
349,968.96
349,984.62
100.55

4.40%
351,942.15
757.56

0.34%
1,957.53
NA/AAA
AAA

1.12 1.07
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 330,000.00 11/01/2023

5.74%
329,941.89
329,959.46
101.20

4.66%
333,975.51
519.75

0.32%
4,016.05
AAA/NA
AAA

3.22 1.11
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.17%
1,059,706.17
1,059,796.88
101.13

4.39%
1,072,007.68
2,430.93

1.03%
12,210.80
NA/AAA
AAA

3.46 1.37
02582JKD1 AMXCA 2023-3 A 5.23 09/15/2028 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,967.33
101.22

4.40%
1,067,884.72
2,452.29

1.02%
12,917.39
NA/AAA
AAA

3.46 1.37
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 450,000.00 06/04/2024

5.24%
449,931.65
449,943.33
101.24

4.40%
455,569.25
388.50

0.44%
5,625.92

AAA/AAA
NA

3.91 1.47
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.26%
509,900.30
509,916.83
101.45

4.41%
517,381.43
1,178.67

0.50%
7,464.60
AAA/NA
AAA

3.96 1.69
44934QAD3 HART 2024-B A3 4.84 03/15/2029 285,000.00 07/16/2024

4.90%
284,956.99
284,963.36
100.72

4.48%
287,065.97
613.07

0.27%
2,102.61
NA/AAA
AAA

3.96 1.77
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.68%
629,901.03
629,914.22
100.42

4.36%
632,627.73
799.75

0.61%
2,713.51
AAA/NA
AAA

3.97 1.65
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,976.36
101.31

4.32%
511,609.79
1,106.51

0.49%
6,633.43

AAA/AAA
NA

4.12 1.97
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,968.95

99.92 4.30%
499,606.10
1,352.78

0.48%
(362.85)
AAA/NA
AAA

4.47 2.38
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,976.22
100.51

4.37%
799,078.19
1,009.21

0.76%
4,101.97
NA/AAA
AAA

4.48 2.08
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,934.93
100.47

4.37%
683,183.15
516.80

0.65%
3,248.22

AAA/AAA
NA

4.49 2.02
29 613

HOLDINGS REPORT
City of Orange | Account #10888 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 560,000.00 10/17/2024

4.58%
559,916.78
559,924.06

99.98 4.34%
559,879.15
1,067.73

0.54%
(44.91)

AAA/AAA
NA

4.54 2.35
44935CAD3 HART 2025-A A3 4.32 10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,907.46

99.88 4.42%
634,248.03
1,447.80

0.61%
(659.42)
NA/AAA
AAA

4.54 2.06
9,452,386.08 100.70 9,519,215.65 9.11% 3.76
Total ABS 9,453,628.43 4.91% 9,452,644.71 4.41% 17,399.05 66,570.94 1.66 AGENCY
3130ANA42 FEDERAL HOME LOAN BANKS 0.65
04/28/2025 4,000,000.00 07/28/2021

0.65%
4,000,000.00
4,000,000.00

99.73 4.31%
3,989,048.84
4,550.00

3.82%
(10,951.16)
AAA/AA
AA

0.08 0.07
3130AMBG6 FEDERAL HOME LOAN BANKS 0.75
04/29/2025 2,400,000.00 05/04/2021

0.75%
2,400,000.00
2,400,000.00

99.73 4.26%
2,393,437.03
7,600.00

2.29%
(6,562.97)
AAA/AA
AA

0.08 0.08
3134GW3Z7 FEDERAL HOME LOAN MORTGAGE
CORP 0.6 10/28/2025 8,050,000.00 10/28/2020

0.60%
8,050,000.00
8,050,000.00

97.92 4.29%
7,882,840.30
20,527.50

7.54%
(167,159.70)
AAA/AA
AA

0.58 0.56
3133EPCF0 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/02/2026 2,000,000.00 03/27/2023

4.01%
2,026,680.00
2,008,353.08
100.37

4.08%
2,007,406.64
7,250.00

1.92%
(946.44)
AAA/AA
AA

0.92 0.89
3133EPQC2 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.625 07/17/2026 2,000,000.00 07/28/2023

4.66%
1,998,260.00
1,999,240.96
100.72

4.04%
2,014,492.16
19,013.89

1.93%
15,251.20
AAA/AA
AA

1.30 1.24
3130ANDF4 FEDERAL HOME LOAN BANKS 0.9
07/29/2026 5,000,000.00 07/29/2021

0.90%
5,010,000.00
5,000,000.00

95.92 4.09%
4,795,824.25
7,750.00

4.59%
(204,175.75)
AAA/AA
AA

1.33 1.29
3133EPDJ1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.375 09/15/2027 2,000,000.00 03/27/2023

3.81%
2,045,720.00
2,025,129.19
100.97

3.96%
2,019,300.58
3,888.89

1.93%
(5,828.61)
AAA/AA
AA

2.46 2.31
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 2,000,000.00 03/27/2023

3.82%
2,060,420.00
2,035,871.24
101.62

3.91%
2,032,392.72
5,250.00

1.95%
(3,478.52)
AAA/AA
AA

2.94 2.73
3130AEB25 FEDERAL HOME LOAN BANKS 3.25
06/09/2028 2,000,000.00 07/24/2023

4.15%
1,921,180.00
1,948,441.72

98.00 3.92%
1,959,976.22
20,222.22

1.88%
11,534.50
AAA/AA
AA

3.19 2.97
3130AXQK7 FEDERAL HOME LOAN BANKS 4.75
12/08/2028 2,000,000.00 01/29/2024

4.05%
2,060,660.00
2,046,059.20
102.75

3.94%
2,055,097.44
29,819.44

1.97%
9,038.24
AAA/AA
AA

3.69 3.32
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 2,100,000.00 04/29/2024

4.70%
2,104,263.00
2,103,478.57
102.67

4.03%
2,156,160.85
41,839.58

2.06%
52,682.28
AAA/AA
AA

4.08 3.62
33,677,183.00 99.32 33,305,977.03 31.88% 1.49
Total Agency 33,550,000.00 2.19% 33,616,573.97 4.13% 167,711.53 (310,596.94) 1.38 30 614

HOLDINGS REPORT
City of Orange | Account #10888 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 1,383.62 --

0.00%
1,383.62
1,383.62

1.00 0.00%
1,383.62

0.00 0.00%

0.00 AAA/AAA
AAA

0.00 0.00
Total Cash 1,383.62 0.00%
1,383.62
1,383.62

1.00 0.00%
1,383.62

0.00 0.00%

0.00 0.00

0.00 CORPORATE
89236THP3 TOYOTA MOTOR CREDIT CORP 0.8
10/16/2025 5,000,000.00 11/19/2020

0.70%
5,025,000.00
5,002,762.28

98.03 4.52%
4,901,492.10
18,333.33

4.69%
(101,270.18)
A/A
A

0.54 0.53
63743HFF4

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 5.45
10/30/2025
495,000.00 10/20/2022

5.50%
494,336.70
494,871.58
100.56

4.45%
497,793.38
11,315.56

0.48%
2,921.80
A/A
A

0.58 0.56
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021

0.70%
2,999,730.00
2,999,953.72

97.02 4.29%
2,910,746.91
3,091.67

2.79%
(89,206.81)
AAA/AA
NA

0.86 0.83
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,967.12
100.21

4.30%
195,405.82
1,183.00

0.19%
438.70
A/A
NA

0.87 0.76
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,907.73
100.25

4.45%
471,182.12
2,480.56

0.45%
1,274.39
A/A
A

0.90 0.78
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026 1,250,000.00 05/31/2022

3.92%
1,190,825.00
1,248,745.52

99.84 6.16%
1,247,958.93
11,499.90

1.19%
(786.59)
A/A
AA

1.06 0.06
61747YET8 MORGAN STANLEY 4.679
07/17/2026 775,000.00 12/28/2022

5.26%
764,390.25
773,778.57

99.98 5.74%
774,837.19
7,453.91

0.74%
1,058.62
A/A
A

1.30 0.29
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,828.25
101.36

4.16%
511,857.59
1,661.59

0.49%
7,029.34
A/A
A

1.44 1.37
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,944.96
101.38

4.23%
385,228.58
7,627.71

0.37%
5,283.63
A/A
NA

1.61 1.43
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
995,349.39
100.56

4.46%
1,005,556.99
2,219.44

0.96%
10,207.60
A/A
AA

2.46 2.22
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
998,831.72
101.17

4.45%
1,011,666.23
10,752.78

0.97%
12,834.51
A/A
AA

2.79 2.55
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,219,144.58

98.73 5.11%
1,234,163.78
9,427.22

1.18%
15,019.20
A/A
AA

2.81 1.71
31 615

HOLDINGS REPORT
City of Orange | Account #10888 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,464,999.97

98.59 4.12%
1,478,829.32
6,450.00

1.42%
13,829.35
A/A
NA

2.89 2.69
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
100.47

4.36%
1,291,053.64
5,343.03

1.24%
6,053.64
AA/A
AA

2.91 2.62
58933YBH7 MERCK & CO INC 4.05 05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,260,087.67

99.71 4.15%
1,246,324.93
18,843.75

1.19%
(13,762.75)
AA/A
NA

3.13 2.87
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
973,134.93

99.39 4.43%
993,885.76
8,972.22

0.95%
20,750.83
A/A
A

3.79 3.43
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,195,792.25
100.66

4.41%
1,207,945.10
9,353.33

1.16%
12,152.85
A/A
NA

3.84 3.45
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,506.08
101.78

4.35%
1,272,306.14
5,894.10

1.22%
21,800.06
A/AA
NA

3.91 3.44
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,246,597.19
101.23

4.43%
1,265,324.44
15,833.33

1.21%
18,727.25
A/A
A

4.24 3.69
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,650.52

99.42 4.35%
700,890.87
3,865.75

0.67%
(2,759.65)
AA/A
NA

4.37 3.93
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,277,463.10
100.84

4.43%
1,260,535.18
7,427.08

1.21%
(16,927.92)
A/A
A

4.38 3.83
40139LBJ1 GUARDIAN LIFE GLOBAL FUNDING

4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,274,296.32

98.46 4.56%
1,279,920.66
754.54

1.22%
5,624.34
AA/AA
NA

4.49 4.04
64952WFK4 NEW YORK LIFE GLOBAL FUNDING

4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,557.21
100.39

4.51%
833,215.30
12,302.44

0.80%
3,658.08
AAA/AA
AAA

4.68 4.11
14913UAX8 CATERPILLAR FINANCIAL SERVICES
CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,231.42
101.40

4.47%
973,447.60
10,624.00

0.93%
15,216.19
A/A
A

4.77 4.18
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,386.66
100.85

4.70%
826,955.99
9,152.11

0.79%
8,569.34
AA/AA
AA

4.78 4.17
57629TBV8 MASSMUTUAL GLOBAL FUNDING
II 4.95 01/10/2030 1,000,000.00 01/03/2025

4.96%
999,520.00
999,541.29
100.80

4.76%
1,007,955.24
11,137.50

0.96%
8,413.95
AA/AA
AA

4.78 4.17
Total Corporate 30,920,000.00 3.68%
30,739,145.95
30,820,330.01

99.59 4.55%
30,786,479.77
212,999.86

29.46%
(33,850.25)

2.62 2.27

MONEY MARKET
FUND
32 616

HOLDINGS REPORT
City of Orange | Account #10888 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
31846V203 FIRST AMER:GVT OBLG Y 416,386.34 --

3.97%
416,386.34
416,386.34

1.00 3.97%
416,386.34

0.00 0.40%

0.00 AAA/AAA
AAA

0.00 0.00
Total Money Market
Fund 416,386.34 3.97%
416,386.34
416,386.34

1.00 3.97%
416,386.34

0.00 0.40%

0.00 0.00

0.00 SUPRANATIONAL
4581X0EK0 INTER-AMERICAN DEVELOPMENT
BANK 4.5 05/15/2026 1,720,000.00 06/27/2023

4.53%
1,718,675.60
1,719,481.15
100.44

4.09%
1,727,602.83
29,240.00

1.65%
8,121.68

AAA/AAA
NA

1.12 1.07
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,000,000.00 07/24/2023

4.19%
1,938,380.00
1,959,282.54

98.51 3.99%
1,970,266.06
15,361.11

1.89%
10,983.52

AAA/AAA
NA

3.28 3.04
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
635,000.00 03/14/2025

4.20%
632,733.05
632,747.95
100.20

4.08%
636,299.05
800.36

0.61%
3,551.10

AAA/AAA
NA

4.97 4.45
Total Supranational 4,355,000.00 4.33%
4,289,788.65
4,311,511.63

99.53 4.04%
4,334,167.94
45,401.48

4.15%
22,656.31

2.67 2.46

US TREASURY
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,000,000.00 09/30/2021

1.01%
2,980,546.88
2,994,172.59

95.56 3.96%
2,866,757.82

71.72 2.74%
(127,414.77)
AAA/AA
AA

1.50 1.46
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,825,000.00 --

3.68%
1,822,165.04
1,822,310.26

99.27 3.88%
1,811,740.24
180.75

1.73%
(10,570.01)
AAA/AA
AA

3.00 2.81
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 12/28/2023

3.86%
1,935,078.13
1,951,791.05

97.36 3.91%
1,947,187.50
23,653.31

1.86%
(4,603.55)
AAA/AA
AA

3.63 3.34
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,205,259.16
101.17

3.92%
2,225,781.25
8,130.43

2.13%
20,522.09
AAA/AA
AA

3.91 3.57
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,167,904.99
100.73

3.93%
2,216,070.32
247.95

2.12%
48,165.32
AAA/AA
AA

4.00 3.66
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,036,759.08
102.61

3.93%
2,052,109.38
38,839.78

1.96%
15,350.30
AAA/AA
AA

4.08 3.63
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,220,630.98
102.17

3.93%
2,247,695.32
33,181.32

2.15%
27,064.34
AAA/AA
AA

4.17 3.72
33 617

HOLDINGS REPORT
City of Orange | Account #10888 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

4.30%
2,038,515.62
2,034,463.64
100.26

3.93%
2,005,234.38
13,259.67

1.92%
(29,229.26)
AAA/AA
AA

4.33 3.92
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,922,462.91

96.74 3.94%
1,934,765.62
5,434.78

1.85%
12,302.71
AAA/AA
AA

4.42 4.06
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.50%
2,177,828.13
2,179,705.64

99.72 3.94%
2,193,813.60
232.92

2.10%
14,107.96
AAA/AA
AA

4.50 4.09
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,367,800.95
100.77

3.94%
2,418,562.51
33,181.32

2.31%
50,761.57
AAA/AA
AA

4.67 4.15
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,200,000.00 03/28/2025

4.03%
2,197,507.81
2,197,513.35
100.23

3.95%
2,204,984.36
7,652.17

2.11%
7,471.01
AAA/AA
AA

4.91 4.41
Total US Treasury 26,225,000.00 3.85%
26,067,594.75
26,100,774.59

99.66 3.93%
26,124,702.31
164,066.14

25.00%
23,927.72

3.88 3.53
Total Portfolio 104,921,398.39 3.39%
104,643,868.39
104,719,604.87

99.23 4.23%
104,488,312.65
607,578.05
100.00%
(231,292.22)

2.67 2.24
Total Market Value +
Accrued 105,095,890.70
34 618

HOLDINGS REPORT
City of Orange LAIF Balances | Account #10895 | As of March 31, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 343,482.83 --

0.00%
343,482.83
343,482.83

1.00 0.00%
343,482.83

0.00 0.97%

0.00 AAA/AAA
AAA

0.00 0.00
Total Cash 343,482.83 0.00%
343,482.83
343,482.83

1.00 0.00%
343,482.83

0.00 0.97%

0.00 0.00

0.00 LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 34,989,857.74 --

4.31%
34,989,857.74
34,989,857.74

1.00 4.31%
34,989,857.74

0.00 99.03%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 34,989,857.74 4.31%
34,989,857.74
34,989,857.74

1.00 4.31%
34,989,857.74

0.00 99.03%

0.00 0.00

0.00 Total Portfolio 35,333,340.57 4.27%
35,333,340.57
35,333,340.57

1.00 4.27%
35,333,340.57

0.00 100.00%

0.00 0.00

0.00 Total Market Value +
Accrued 35,333,340.57
35 619

HOLDINGS REPORT
City of Orange Bank Balances | Account #10896 | As of March 31, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
999WEL$14 Wells Fargo 536,160.81 -- 536,160.81
536,160.81

1.00 0.00%
536,160.81

0.00 4.21%

0.00 NA/NA
NA

0.00 0.00
999WEL$15 Wells Fargo 11,831,570.63 --

0.00%
11,831,570.63
11,831,570.63

1.00 0.00%
11,831,570.63

0.00 92.93%

0.00 NA/NA
NA

0.00 0.00
999WEL$12 Wells Fargo General 363,746.00 --

0.00%
363,746.00
363,746.00

1.00 0.00%
363,746.00

0.00 2.86%

0.00 NA/NA
NA

0.00 0.00
Total Cash 12,731,477.44 0.00%
12,731,477.44
12,731,477.44

1.00 0.00%
12,731,477.44

0.00 100.00%

0.00 0.00

0.00 Total Portfolio 12,731,477.44 0.00%
12,731,477.44
12,731,477.44

1.00 0.00%
12,731,477.44

0.00 100.00%

0.00 0.00

0.00 Total Market Value +
Accrued 12,731,477.44
36 620

TRANSACTIONS
37 621

TRANSACTION LEDGER
City of Orange | Account #10888|01/01/2025 Through 03/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/08/2025 14913UAX8 960,000.00

CATERPILLAR FINANCIAL
SERVICES CORP 4.8
01/08/2030

99.807 4.84% (958,147.20) 0.00 (958,147.20) 0.00
Purchase 01/09/2025 59217GFT1 820,000.00

METROPOLITAN LIFE
GLOBAL FUNDING I 4.9
01/09/2030

99.794 4.95% (818,310.80) 0.00 (818,310.80) 0.00
Purchase 01/10/2025 57629TBV8 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 99.952 4.96% (999,520.00) 0.00 (999,520.00) 0.00 Purchase 02/11/2025 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 99.997 4.57% (794,975.51) 0.00 (794,975.51) 0.00 Purchase 02/12/2025 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 99.990 4.56% (679,933.02) 0.00 (679,933.02) 0.00 Purchase 02/12/2025 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 99.988 4.66% (429,949.26) 0.00 (429,949.26) 0.00 Purchase 02/28/2025 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 100.000 4.51% (1,285,000.00) 0.00 (1,285,000.00) 0.00 Purchase 03/11/2025 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 99.994 5.09% (499,968.55) 0.00 (499,968.55) 0.00 Purchase 03/12/2025 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 99.985 4.84% (634,906.34) 0.00 (634,906.34) 0.00 Purchase 03/20/2025 459058LR2 635,000.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 4.125
03/20/2030

99.643 4.20% (632,733.05) 0.00 (632,733.05) 0.00
Purchase 03/28/2025 91282CGQ8 2,200,000.00 UNITED STATES TREASURY

4.0 02/28/2030 99.887 4.03% (2,197,507.81) (6,695.65) (2,204,203.46) 0.00 Total Purchase 9,940,000.00 (9,930,951.54) (6,695.65) (9,937,647.19) 0.00 TOTAL
ACQUISITIONS 9,940,000.00 (9,930,951.54) (6,695.65) (9,937,647.19) 0.00

DISPOSITIONS
Sale 01/07/2025 3135GA4W8 (2,650,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 02/18/2025

99.551 0.50% 2,638,101.50 5,115.97 2,643,217.47 (11,898.50) 38 622

TRANSACTION LEDGER
City of Orange | Account #10888|01/01/2025 Through 03/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Sale 01/09/2025 91282CHA2 (200,000.00) UNITED STATES TREASURY

3.5 04/30/2028 97.305 4.33% 194,609.38 1,353.59 195,962.97 (369.45) Sale 02/10/2025 3130AMBG6 (1,600,000.00) FEDERAL HOME LOAN BANKS 0.75 04/29/2025 99.228 0.75% 1,587,648.00 3,366.67 1,591,014.67 (12,352.00) Sale 02/27/2025 91324PEN8 (775,000.00) UNITEDHEALTH GROUP INC

5.15 10/15/2025 100.390 4.56% 778,022.50 14,634.58 792,657.08 366.23 Sale 02/27/2025 24422EWF2 (280,000.00) JOHN DEERE CAPITAL CORP

3.4 06/06/2025 99.682 3.41% 279,109.60 2,142.00 281,251.60 (884.58) Sale 03/07/2025 3130AMBG6 (1,000,000.00) FEDERAL HOME LOAN BANKS 0.75 04/29/2025 99.477 0.75% 994,770.00 2,666.67 997,436.67 (5,230.00) Sale 03/18/2025 3134GW3Z7 (450,000.00)

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025

97.747 0.60% 439,861.50 1,050.00 440,911.50 (10,138.50) Sale 03/28/2025 91282CJF9 (2,200,000.00) UNITED STATES TREASURY

4.875 10/31/2028 102.965 4.57% 2,265,226.56 43,848.07 2,309,074.63 43,581.05 Total Sale (9,155,000.00) 9,177,349.04 74,177.55 9,251,526.59 3,074.25 TOTAL
DISPOSITIONS (9,155,000.00) 9,177,349.04 74,177.55 9,251,526.59 3,074.25 39 623

TRANSACTION LEDGER
City of Orange LAIF Balances | Account #10895|01/01/2025 Through 03/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/31/2025 90LAIF$00 268,200.81 Local Agency Investment Fund State Pool 1.000 4.35% (268,200.81) 0.00 (268,200.81) 0.00 Purchase 02/28/2025 90LAIF$00 5,000,000.00 Local Agency Investment Fund State Pool 1.000 4.32% (5,000,000.00) 0.00 (5,000,000.00) 0.00 Total Purchase 5,268,200.81 (5,268,200.81) 0.00 (5,268,200.81) 0.00 TOTAL
ACQUISITIONS 5,268,200.81 (5,268,200.81) 0.00 (5,268,200.81) 0.00 40 624

IMPORTANT DISCLOSURES
City of Orange | Account #10888 | As of March 31, 2025
2025 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively. 41 625

BENCHMARK DISCLOSURES
City of Orange | Account #10888 | As of March 31, 2025
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 42 626

MONTHLY ACCOUNT STATEMENT
City of Orange Cons | Account #10897 | As of January 31, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:
627
CONFIDENTIAL | 2
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Average Modified Duration 1.48
Average Coupon 2.92%
Average Purchase YTM 2.98%
Average Market YTM 3.73%
Average Credit Quality* AA+
Average Final Maturity 1.73
Average Life 1.51
End Values as of
12/31/2024
End Values as of
01/31/2025
Market Value 147,423,748.89 157,333,091.66
Accrued Interest 750,334.91 716,748.90
Total Market Value 148,174,083.81 158,049,840.56
Income Earned 323,576.68 535,146.39
Cont/WD 10,735,761.00 9,233,611.73
Par 148,950,557.82 158,584,676.00
Book Value 148,760,410.07 158,401,118.72
Cost Value 148,714,521.87 158,350,512.93
LAIF 19.06%
Government of The United States 16.41%
Wells Fargo & Company 15.42%
Federal Home Loan Banks 12.50%
Federal Home Loan Mortgage Corp 5.26%
Farm Credit System 5.18%
Toyota Motor Corporation 3.10%
Apple Inc. 1.84%
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 628
CONFIDENTIAL | 3
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (BV; ABS, CMO & MBS) 20.0 4.1 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (BV) 20.0 4.1 Compliant
Max % Issuer (BV) 5.0 0.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

COMMERCIAL PAPER
Max % (BV) 40.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (BV) 30.0 19.3 Compliant
Max % Issuer (BV) 5.0 3.2 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (BV) 75.0 23.2 Compliant
Max % Issuer (BV) 30.0 12.6 Compliant
Max Callables (BV) 20.0 14.2 Compliant
Max Maturity (Years) 5 4 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (BV) 75.0 30.0 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (BV) 100.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (BV) 20.0 0.3 Compliant
Max % Issuer (BV) 20.0 0.3 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (BV) 20.0 0.0 Compliant
629
CONFIDENTIAL | 4
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (BV) 30.0 2.3 Compliant
Max % Issuer (BV) 10.0 1.2 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (BV) 100.0 16.5 Compliant
Max Maturity (Years) 5 4 Compliant
630
CONFIDENTIAL | 5
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Book Value 148,760,410.07 148,760,410.07
Maturities/Calls 0.00 0.00
Principal Paydowns (33,637.39) (33,637.39)
Purchases 15,243,116.12 15,243,116.12
Sales (5,419,774.96) (5,419,774.96)
Change in Cash, Payables, Receivables (142,318.47) (142,318.47) Amortization/Accretion 5,591.31 5,591.31
Realized Gain (Loss) (12,267.95) (12,267.95)
Ending Book Value 158,401,118.72 158,401,118.72
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Market Value 147,423,748.89 147,423,748.89
Maturities/Calls 0.00 0.00
Principal Paydowns (33,637.39) (33,637.39)
Purchases 15,243,116.12 15,243,116.12
Sales (5,419,774.96) (5,419,774.96)
Change in Cash, Payables, Receivables (142,318.47) (142,318.47) Amortization/Accretion 5,591.31 5,591.31
Change in Net Unrealized Gain (Loss) 268,634.11 268,634.11 Realized Gain (Loss) (12,267.95) (12,267.95)
Ending Market Value 157,333,091.66 157,333,091.66
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date 0.00
Principal Paydowns
Month to Date (33,637.39)
Fiscal Year to Date (33,637.39)
Purchases
Month to Date 15,243,116.12
Fiscal Year to Date 15,243,116.12
Sales
Month to Date (5,419,774.96)
Fiscal Year to Date (5,419,774.96)
Interest Received
Month to Date 556,671.53
Fiscal Year to Date 556,671.53
Purchased / Sold Interest
Month to Date 6,469.56
Fiscal Year to Date 6,469.56
631
CONFIDENTIAL | 6
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 13,571.30 02/07/2023

5.43%
13,570.98
13,571.21
100.04

4.68%
13,576.99

11.67 0.01%

5.78 AAA/AAA
NA

0.82 0.08
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 184,835.52 02/16/2023

5.09%
184,801.17
184,817.20
100.32

4.55%
185,425.59
258.77

0.12%
608.38
AAA/NA
AAA

2.22 0.58
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 388,216.40 02/22/2023

3.39%
388,145.66
388,174.55
100.39

4.62%
389,747.52
864.43

0.25%
1,572.97
AAA/NA
AAA

2.79 0.88
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 190,000.00 07/11/2023

5.47%
189,966.33
189,977.61
100.81

4.45%
191,547.99
173.22

0.12%
1,570.37
NA/AAA
AAA

3.07 0.75
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 350,000.00 06/07/2023

4.87%
349,968.96
349,982.40
100.52

4.49%
351,818.22
757.56

0.22%
1,835.81
NA/AAA
AAA

1.28 1.22
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 330,000.00 11/01/2023

5.74%
329,941.89
329,957.43
101.48

4.51%
334,873.01
519.75

0.21%
4,915.59
AAA/NA
AAA

3.39 1.18
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.17%
1,059,706.17
1,059,787.39
101.09

4.50%
1,071,508.63
2,430.93

0.68%
11,721.24
NA/AAA
AAA

3.62 1.52
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,965.80
101.26

4.46%
1,068,243.94
2,452.29

0.68%
13,278.14
NA/AAA
AAA

3.62 1.52
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 450,000.00 06/04/2024

5.24%
449,931.65
449,940.98
101.04

4.49%
454,692.56
388.50

0.29%
4,751.57

AAA/AAA
NA

4.07 1.40
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.26%
509,900.30
509,913.43
101.30

4.69%
516,607.51
1,178.67

0.33%
6,694.08
AAA/NA
AAA

4.12 2.27
44934QAD3 HART 2024-B A3 4.84
03/15/2029 285,000.00 07/16/2024

4.90%
284,956.99
284,961.86
100.59

4.59%
286,676.57
613.07

0.18%
1,714.71
NA/AAA
AAA

4.12 1.97
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.62%
629,901.03
629,910.73
100.10

4.56%
630,633.59
799.75

0.40%
722.86
AAA/NA
AAA

4.13 1.76
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,975.43
100.95

4.53%
509,817.55
1,106.51

0.32%
4,842.11

AAA/AAA
NA

4.28 2.11
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.33%
559,916.78
559,921.36

99.48 4.54%
557,079.21
1,067.73

0.35%
(2,842.15)

AAA/AAA
NA

4.70 2.49
Total ABS 6,511,623.22 4.96%
6,510,632.43
6,510,857.39
100.78

4.53%
6,562,248.87
12,622.84

4.17%
51,391.47

3.66 1.62
AGENCY
3130ANA42 FEDERAL HOME LOAN BANKS

0.65 04/28/2025 4,000,000.00 07/28/2021

0.65%
4,000,000.00
4,000,000.00

99.16 4.25%
3,966,374.88
216.67

2.52%
(33,625.12)
AAA/AA
AA

0.24 0.23
632
CONFIDENTIAL | 7
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3130AMBG6 FEDERAL HOME LOAN BANKS

0.75 04/29/2025 5,000,000.00 05/04/2021

0.75%
5,000,000.00
5,000,000.00

99.15 4.34%
4,957,512.10
9,583.33

3.15%
(42,487.90)
AAA/AA
AA

0.24 0.24
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
8,500,000.00 10/28/2020

0.60%
8,500,000.00
8,500,000.00

97.37 4.26%
8,276,522.59
13,175.00

5.26%
(223,477.41)
AAA/AA
AA

0.74 0.72
3133EPCF0 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/02/2026 2,000,000.00 03/27/2023

4.01%
2,026,680.00
2,009,824.22
100.30

4.21%
2,006,015.60
37,250.00

1.28%
(3,808.62)
AAA/AA
AA

1.08 1.03
3133EPQC2

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/17/2026
2,000,000.00 07/28/2023

4.66%
1,998,260.00
1,999,146.08
100.51

4.26%
2,010,116.62
3,597.22

1.28%
10,970.54
AAA/AA
AA

1.46 1.39
3130ANDF4 FEDERAL HOME LOAN BANKS 0.9
07/29/2026 5,000,000.00 07/29/2021

0.90%
5,010,000.00
5,000,000.00

95.15 4.30%
4,757,535.35
250.00

3.02%
(242,464.65)
AAA/AA
AA

1.49 1.45
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
2,000,000.00 03/27/2023

3.81%
2,045,720.00
2,026,782.06
100.27

4.26%
2,005,334.82
33,055.56

1.27%
(21,447.24)
AAA/AA
AA

2.62 2.41
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 2,000,000.00 03/27/2023

3.82%
2,060,420.00
2,037,841.82
100.60

4.29%
2,012,038.32
35,250.00

1.28%
(25,803.50)
AAA/AA
AA

3.11 2.82
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028 2,000,000.00 07/24/2023

4.15%
1,921,180.00
1,945,830.61

96.87 4.26%
1,937,355.16
9,388.89

1.23%
(8,475.45)
AAA/AA
AA

3.36 3.12
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028 2,000,000.00 01/29/2024

4.05%
2,060,660.00
2,048,076.64
101.54

4.31%
2,030,842.06
13,986.11

1.29%
(17,234.58)
AAA/AA
AA

3.85 3.47
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 2,100,000.00 04/29/2024

4.70%
2,104,263.00
2,103,616.31
101.70

4.31%
2,135,663.50
25,214.58

1.36%
32,047.19
AAA/AA
AA

4.24 3.77
Total Agency 36,600,000.00 2.07%
36,727,183.00
36,671,117.75

98.66 4.28%
36,095,311.00
180,967.36

22.94%
(575,806.75)

1.53 1.43
CASH
999WEL$14 Wells Fargo 520,332.11 -- 520,332.11
520,332.11

1.00 0.00%
520,332.11

0.00 0.33%

0.00 NA/NA
NA

0.00 0.00
999WEL$15 Wells Fargo 23,634,142.28 --

0.00%
23,634,142.28
23,634,142.28

1.00 0.00%
23,634,142.28

0.00 15.02%

0.00 NA/NA
NA

0.00 0.00
999WEL$12 Wells Fargo General 103,642.00 --

4.26%
103,642.00
103,642.00

1.00 4.26%
103,642.00

0.00 0.07%

0.00 NA/NA
NA

0.00 0.00
CCYUSD Receivable 1,420.85 --

0.00%
1,420.85
1,420.85

1.00 0.00%
1,420.85

0.00 0.00%

0.00 AAA/AAA
AAA

0.00 0.00
633
CONFIDENTIAL | 8
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 113,088.87 --

0.00%
113,088.87
113,088.87

1.00 0.00%
113,088.87

0.00 0.07%

0.00 AAA/AAA
AAA

0.00 0.00
Total Cash 24,372,626.11 0.02%
24,372,626.11
24,372,626.11

1.00 0.02%
24,372,626.11

0.00 15.49%

0.00 0.00

0.00 CORPORATE
24422EWF2 JOHN DEERE CAPITAL CORP 3.4
06/06/2025 280,000.00 06/01/2022

3.41%
279,935.60
279,992.66

99.63 4.47%
278,965.25
1,454.44

0.18%
(1,027.41)
A/A
A

0.34 0.34
91324PEN8 UNITEDHEALTH GROUP INC 5.15
10/15/2025 775,000.00 12/28/2022

4.56%
786,780.00
777,956.55
100.50

4.40%
778,896.97
11,752.01

0.50%
940.42
A/A
A

0.70 0.67
89236THP3 TOYOTA MOTOR CREDIT CORP

0.8 10/16/2025 5,000,000.00 11/19/2020

0.70%
5,025,000.00
5,003,585.38

97.49 4.46%
4,874,625.60
11,666.67

3.10%
(128,959.78)
A/A
A

0.71 0.69
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
495,000.00 10/20/2022

5.50%
494,336.70
494,835.84
100.66

4.52%
498,267.58
6,819.31

0.32%
3,431.74
A/A
A

0.74 0.71
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021

0.70%
2,999,730.00
2,999,944.99

96.45 4.31%
2,893,586.22
10,091.67

1.84%
(106,358.77)
AAA/AA
NA

1.02 0.99
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,961.03
100.16

4.39%
195,315.71
4,140.50

0.12%
354.68
A/A
NA

1.04 0.90
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,891.03
100.29

4.46%
471,362.32
9,922.22

0.30%
1,471.28
A/A
A

1.06 0.92
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026 1,250,000.00 05/31/2022

3.92%
1,190,825.00
1,245,221.02

99.42 5.98%
1,242,695.66
7,160.31

0.79%
(2,525.36)
A/A
AA

1.22 0.22
61747YET8 MORGAN STANLEY 4.679
07/17/2026 775,000.00 12/28/2022

5.26%
764,390.25
773,105.07

99.95 5.65%
774,647.02
1,410.20

0.49%
1,541.95
A/A
A

1.46 0.45
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,808.95
101.11

4.42%
510,623.40
10,330.76

0.32%
5,814.45
A/A
A

1.60 1.49
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,939.43
101.25

4.38%
384,762.47
4,381.88

0.24%
4,823.04
A/A
NA

1.77 1.58
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
995,043.15
100.16

4.63%
1,001,612.96
17,886.11

0.64%
6,569.81
A/A
AA

2.62 2.32
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
998,763.87
100.69

4.64%
1,006,919.39
2,586.11

0.64%
8,155.52
A/A
AA

2.95 2.71
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,216,382.10

98.22 5.23%
1,227,806.65
1,460.56

0.78%
11,424.55
A/A
AA

2.97 1.86
634
CONFIDENTIAL | 9
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,463,038.90

97.68 4.42%
1,465,173.03
24,450.00

0.93%
2,134.13
A/A
NA

3.05 2.80
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,260,622.90

98.93 4.40%
1,236,653.83
10,406.25

0.79%
(23,969.08)
A/A
NA

3.29 3.02
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
971,990.50

98.18 4.76%
981,791.46
1,888.89

0.62%
9,800.96
A/A
A

3.96 3.58
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,195,615.05

99.83 4.65%
1,197,910.07
153.33

0.76%
2,295.02
A/A
NA

4.00 3.61
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,527.47
100.78

4.64%
1,259,704.09
26,102.43

0.80%
9,176.62
A/AA
NA

4.07 3.51
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,246,467.33
100.29

4.67%
1,253,673.55
5,937.50

0.80%
7,206.22
A/A
A

4.40 3.84
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,600.64

98.38 4.60%
693,595.98
13,735.75

0.44%
(10,004.65)
A/A
NA

4.53 4.00
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,278,497.79

99.34 4.81%
1,241,806.30
29,223.96

0.79%
(36,691.49)
A/A
A

4.54 3.95
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,273,371.05

97.39 4.81%
1,266,019.01
18,863.54

0.80%
(7,352.03)
AA/AA
NA

4.65 4.10
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,541.93

99.21 4.78%
823,468.85
5,939.11

0.52%
(6,073.08)
AAA/AA
AAA

4.84 4.26
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,171.55
100.39

4.71%
963,778.59
2,944.00

0.61%
5,607.04
A/A
A

4.94 4.33
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,332.08

99.71 4.97%
817,607.19
2,455.44

0.52%
(724.89)
AA/AA
AA

4.94 4.32
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,000,000.00 01/03/2025

4.96%
999,520.00
999,525.78
100.42

4.85%
1,004,217.43
2,887.50

0.64%
4,691.65
AA/AA
AA

4.94 4.32
Total Corporate 30,690,000.00 3.66%
30,520,861.55
30,583,734.03

98.90 4.68%
30,345,486.58
246,050.46

19.29%
(238,247.46)

2.69 2.32
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 29,989,857.74 --

4.35%
29,989,857.74
29,989,857.74

1.00 4.35%
29,989,857.74

0.00 19.06%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 29,989,857.74 4.35%
29,989,857.74
29,989,857.74

1.00 4.35%
29,989,857.74

0.00 19.06%

0.00 0.00

0.00 635
CONFIDENTIAL | 10
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 475,568.93 --

4.02%
475,568.93
475,568.93

1.00 4.02%
475,568.93

0.00 0.30%

0.00 AAA/AAA
AAA

0.00 0.00
Total Money
Market Fund 475,568.93 4.02%
475,568.93
475,568.93

1.00 4.02%
475,568.93

0.00 0.30%

0.00 0.00

0.00 SUPRANATIONAL
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
1,720,000.00 06/27/2023

4.53%
1,718,675.60
1,719,406.30
100.23

4.31%
1,723,870.21
16,340.00

1.10%
4,463.90

AAA/AAA
NA

1.28 1.22
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,000,000.00 07/24/2023

4.19%
1,938,380.00
1,957,277.25

97.30 4.35%
1,946,034.34
3,694.44

1.24%
(11,242.91)

AAA/AAA
NA

3.45 3.19
Total
Supranational 3,720,000.00 4.35%
3,657,055.60
3,676,683.56

98.67 4.33%
3,669,904.55
20,034.44

2.33%
(6,779.01)

2.43 2.27

US TREASURY
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,000,000.00 09/30/2021

1.01%
2,980,546.88
2,993,544.04

94.71 4.22%
2,841,328.14
8,942.31

1.81%
(152,215.90)
AAA/AA
AA

1.66 1.61
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,825,000.00 --

3.68%
1,822,165.04
1,822,165.33

98.16 4.25%
1,791,494.13
22,536.74

1.14%
(30,671.20)
AAA/AA
AA

3.16 2.91
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 2,200,000.00 05/28/2024

4.57%
2,226,640.63
2,222,552.22
101.98

4.30%
2,243,484.36
27,553.18

1.43%
20,932.15
AAA/AA
AA

3.75 3.35
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 12/28/2023

3.86%
1,935,078.13
1,949,642.77

95.93 4.30%
1,918,593.76
13,466.85

1.22%
(31,049.01)
AAA/AA
AA

3.79 3.49
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,205,476.30

99.76 4.31%
2,194,671.86
39,776.24

1.39%
(10,804.43)
AAA/AA
AA

4.08 3.63
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,166,608.00

99.26 4.32%
2,183,671.86
30,914.84

1.39%
17,063.86
AAA/AA
AA

4.16 3.72
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,038,214.64
101.17

4.32%
2,023,359.38
23,763.81

1.29%
(14,855.26)
AAA/AA
AA

4.24 3.77
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,221,431.26
100.70

4.32%
2,215,296.86
17,134.62

1.41%
(6,134.40)
AAA/AA
AA

4.33 3.86
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

4.30%
2,038,515.62
2,035,748.94

98.69 4.32%
1,973,750.00
220.99

1.25%
(61,998.94)
AAA/AA
AA

4.50 4.06
636
CONFIDENTIAL | 11
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,919,626.77

95.01 4.34%
1,900,234.38
26,588.40

1.21%
(19,392.39)
AAA/AA
AA

4.58 4.14
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.50%
2,177,828.13
2,178,976.87

98.05 4.34%
2,157,203.14
29,041.21

1.37%
(21,773.73)
AAA/AA
AA

4.66 4.15
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,366,686.07

99.13 4.33%
2,379,000.00
17,134.62

1.51%
12,313.93
AAA/AA
AA

4.83 4.30
Total US Treasury 26,225,000.00 3.89%
26,096,727.57
26,120,673.21

98.52 4.30%
25,822,087.88
257,073.80

16.41%
(298,585.32)

3.93 3.54
Total Portfolio 158,584,676.00 2.98%
158,350,512.93
158,401,118.72

64.73 3.73%
157,333,091.66
716,748.90
100.00%
(1,068,027.07)

1.73 1.48
Total Market
Value + Accrued 158,049,840.56
637
CONFIDENTIAL | 12
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/03/2025 31846V203 543.69 FIRST AMER:GVT OBLG Y 1.000 (543.69) 0.00 (543.69) 0.00 Purchase 01/07/2025 31846V203 2,643,217.47 FIRST AMER:GVT OBLG Y 1.000 (2,643,217.47) 0.00 (2,643,217.47) 0.00 Purchase 01/08/2025 14913UAX8 960,000.00

CATERPILLAR FINANCIAL
SERVICES CORP 4.8
01/08/2030

99.807 4.84% (958,147.20) 0.00 (958,147.20) 0.00
Purchase 01/09/2025 59217GFT1 820,000.00

METROPOLITAN LIFE
GLOBAL FUNDING I 4.9
01/09/2030

99.794 4.95% (818,310.80) 0.00 (818,310.80) 0.00
Purchase 01/10/2025 57629TBV8 1,000,000.00

MASSMUTUAL GLOBAL
FUNDING II 4.95
01/10/2030

99.952 4.96% (999,520.00) 0.00 (999,520.00) 0.00
Purchase 01/13/2025 31846V203 59,500.00 FIRST AMER:GVT OBLG Y 1.000 (59,500.00) 0.00 (59,500.00) 0.00 Purchase 01/15/2025 31846V203 4,076.71 FIRST AMER:GVT OBLG Y 1.000 (4,076.71) 0.00 (4,076.71) 0.00 Purchase 01/15/2025 31846V203 43,618.69 FIRST AMER:GVT OBLG Y 1.000 (43,618.69) 0.00 (43,618.69) 0.00 Purchase 01/17/2025 31846V203 64,381.13 FIRST AMER:GVT OBLG Y 1.000 (64,381.13) 0.00 (64,381.13) 0.00 Purchase 01/21/2025 31846V203 43,434.26 FIRST AMER:GVT OBLG Y 1.000 (43,434.26) 0.00 (43,434.26) 0.00 Purchase 01/27/2025 31846V203 14,169.20 FIRST AMER:GVT OBLG Y 1.000 (14,169.20) 0.00 (14,169.20) 0.00 Purchase 01/27/2025 31846V203 866.08 FIRST AMER:GVT OBLG Y 1.000 (866.08) 0.00 (866.08) 0.00 Purchase 01/28/2025 31846V203 13,000.00 FIRST AMER:GVT OBLG Y 1.000 (13,000.00) 0.00 (13,000.00) 0.00 Purchase 01/29/2025 31846V203 22,500.00 FIRST AMER:GVT OBLG Y 1.000 (22,500.00) 0.00 (22,500.00) 0.00 Purchase 01/31/2025 31846V203 67,600.00 FIRST AMER:GVT OBLG Y 1.000 (67,600.00) 0.00 (67,600.00) 0.00 Purchase 01/31/2025 999WEL$14 10,137.91 Wells Fargo 1.000 0.00% (10,137.91) 0.00 (10,137.91) 0.00 Purchase 01/31/2025 999WEL$15 9,184,026.17 Wells Fargo 1.000 0.00% (9,184,026.17) 0.00 (9,184,026.17) 0.00 Purchase 01/31/2025 999WEL$12 27,866.00 Wells Fargo General 1.000 4.26% (27,866.00) 0.00 (27,866.00) 0.00 Purchase 01/31/2025 90LAIF$00 268,200.81 Local Agency Investment Fund State Pool 1.000 4.35% (268,200.81) 0.00 (268,200.81) 0.00 Total Purchase 15,247,138.12 (15,243,116.12) 0.00 (15,243,116.12) 0.00 TOTAL
ACQUISITIONS 15,247,138.12 (15,243,116.12) 0.00 (15,243,116.12) 0.00

DISPOSITIONS
638
CONFIDENTIAL | 13
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Sale 01/07/2025 3135GA4W8 (2,650,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 02/18/2025

99.551 0.50% 2,638,101.50 (5,115.97) 2,643,217.47 (11,898.50) Sale 01/08/2025 31846V203 (958,147.20) FIRST AMER:GVT OBLG Y 1.000 958,147.20 0.00 958,147.20 0.00 Sale 01/09/2025 31846V203 (622,347.83) FIRST AMER:GVT OBLG Y 1.000 622,347.83 0.00 622,347.83 0.00 Sale 01/09/2025 91282CHA2 (200,000.00) UNITED STATES TREASURY

3.5 04/30/2028 97.305 4.33% 194,609.38 (1,353.59) 195,962.97 (369.45) Sale 01/10/2025 31846V203 (6,356.81) FIRST AMER:GVT OBLG Y 1.000 6,356.81 0.00 6,356.81 0.00 Sale 01/10/2025 31846V203 (999,520.00) FIRST AMER:GVT OBLG Y 1.000 999,520.00 0.00 999,520.00 0.00 Sale 01/24/2025 31846V203 (692.24) FIRST AMER:GVT OBLG Y 1.000 692.24 0.00 692.24 0.00 Total Sale (5,437,064.08) 5,419,774.96 (6,469.56) 5,426,244.52 (12,267.95) TOTAL
DISPOSITIONS (5,437,064.08) 5,419,774.96 (6,469.56) 5,426,244.52 (12,267.95) OTHER

TRANSACTIONS
Cash Transfer 01/15/2025 CCYUSD (256,284.50) Cash (256,284.50) 0.00 (256,284.50) 0.00 Cash Transfer 01/31/2025 CCYUSD 9,489,896.23 Cash 9,489,896.23 0.00 9,489,896.23 0.00 Total Cash
Transfer 9,233,611.73 9,233,611.73 0.00 9,233,611.73 0.00 Coupon 01/12/2025 459058KT9 0.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 3.5
07/12/2028

4.19% 35,000.00 0.00 35,000.00 0.00
Coupon 01/12/2025 78016FZW7 0.00 ROYAL BANK OF CANADA

4.9 01/12/2028 4.95% 24,500.00 0.00 24,500.00 0.00
Coupon 01/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 1,649.13 0.00 1,649.13 0.00
Coupon 01/15/2025 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 2,002.00 0.00 2,002.00 0.00
Coupon 01/15/2025 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.87% 1,420.42 0.00 1,420.42 0.00
Coupon 01/15/2025 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 2,074.71 0.00 2,074.71 0.00
639
CONFIDENTIAL | 14
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 01/15/2025 91324PEU2 0.00 UNITEDHEALTH GROUP
INC 4.25 01/15/2029 5.05% 21,250.00 0.00 21,250.00 0.00 Coupon 01/15/2025 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.17% 4,558.00 0.00 4,558.00 0.00
Coupon 01/15/2025 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2028 5.29% 4,598.04 0.00 4,598.04 0.00
Coupon 01/15/2025 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 1,149.50 0.00 1,149.50 0.00
Coupon 01/15/2025 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.81% 2,210.00 0.00 2,210.00 0.00
Coupon 01/17/2025 3133EPQC2 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.625 07/17/2026

4.66% 46,250.00 0.00 46,250.00 0.00
Coupon 01/17/2025 61747YET8 0.00 MORGAN STANLEY 4.679
07/17/2026 5.26% 18,131.13 0.00 18,131.13 0.00
Coupon 01/20/2025 06051GGF0 0.00 BANK OF AMERICA CORP

3.824 01/20/2028 5.30% 23,900.00 0.00 23,900.00 0.00
Coupon 01/21/2025 43813YAC6 0.00 HAROT 2024-3 A3 4.57
03/21/2029 4.66% 2,399.25 0.00 2,399.25 0.00
Coupon 01/21/2025 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 838.21 0.00 838.21 0.00
Coupon 01/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 1,559.25 0.00 1,559.25 0.00
Coupon 01/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 1,942.50 0.00 1,942.50 0.00
Coupon 01/25/2025 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.43% 110.46 0.00 110.46 0.00
Coupon 01/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 866.08 0.00 866.08 0.00
Coupon 01/28/2025 3130ANA42 0.00 FEDERAL HOME LOAN
BANKS 0.65 04/28/2025 0.65% 13,000.00 0.00 13,000.00 0.00 Coupon 01/29/2025 3130ANDF4 0.00 FEDERAL HOME LOAN
BANKS 0.9 07/29/2026 0.90% 22,500.00 0.00 22,500.00 0.00 Coupon 01/31/2025 91282CLC3 0.00 UNITED STATES TREASURY

4.0 07/31/2029 3.56% 40,000.00 0.00 40,000.00 0.00
640
CONFIDENTIAL | 15
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 01/31/2025 69371RS80 0.00 PACCAR FINANCIAL CORP

4.6 01/31/2029 4.70% 27,600.00 0.00 27,600.00 0.00
Total Coupon 0.00 299,508.68 0.00 299,508.68 0.00
Custody Fee 01/24/2025 CCYUSD (692.24) Cash (692.24) 0.00 (692.24) 0.00 Total Custody Fee (692.24) (692.24) 0.00 (692.24) 0.00
Dividend 01/31/2025 999WEL$12 0.00 Wells Fargo General 4.26% 334.66 0.00 334.66 0.00 Dividend 01/31/2025 31846V203 0.00 FIRST AMER:GVT OBLG Y 1,420.85 0.00 1,420.85 0.00 Total Dividend 0.00 1,755.51 0.00 1,755.51 0.00
Management Fee 01/10/2025 CCYUSD (6,356.81) Cash (6,356.81) 0.00 (6,356.81) 0.00 Total
Management Fee (6,356.81) (6,356.81) 0.00 (6,356.81) 0.00 Principal Paydown 01/15/2025 47800CAC0 6,783.60 JDOT 2023 A3 5.01 11/15/2027 3.39% 6,783.60 -- 6,783.60 (0.00)
Principal Paydown 01/21/2025 43815JAC7 14,737.55 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 14,737.55 -- 14,737.55 (0.00)
Principal Paydown 01/25/2025 05593AAC3 12,116.24 BMWLT 2023-1 A3 5.16 11/25/2025 5.43% 12,116.24 -- 12,116.24 (0.00)
Total Principal
Paydown 33,637.39 33,637.39 -- 33,637.39 (0.00)

TOTAL OTHER
TRANSACTIONS 9,260,200.07 9,561,464.26 0.00 9,561,464.26 (0.00) 641
CONFIDENTIAL | 16
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
475,568.93
85,725.78
2,976,907.23
(2,587,064.08)
475,568.93

0.00 543.69

0.00 543.69

0.00 0.00

0.00 543.69
543.69
999WEL$12 Wells Fargo General
103,642.00
75,776.00
27,866.00

0.00 103,642.00

0.00 334.66

0.00 334.66

0.00 0.00

0.00 334.66
334.66
999WEL$14 Wells Fargo
520,332.11
510,194.20
10,137.91

0.00 520,332.11

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 999WEL$15 Wells Fargo
23,634,142.28
14,450,116.11
9,184,026.17

0.00 23,634,142.28

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 CCYUSD Receivable
114,509.72
256,828.19

0.00 0.00
114,509.72

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 24,848,195.04
15,378,640.28
12,198,937.31
(2,587,064.08)
24,848,195.04

0.00 878.35

0.00 878.35

0.00 0.00

0.00 878.35 878.35

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
350,000.00
349,981.24

0.00 0.00
349,982.40
757.56
1,420.42
757.56
1,420.42

1.17 0.00

1.17 1,421.59
1,421.59
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028
09/12/2023
09/19/2023
1,055,000.00
1,054,965.00

0.00 0.00
1,054,965.80
2,452.29
4,598.04
2,452.29
4,598.04

0.80 0.00

0.80 4,598.84
4,598.84
642
CONFIDENTIAL | 17
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
037833EB2 APPLE INC 0.7 02/08/2026
02/08/2021
02/08/2021
3,000,000.00
2,999,940.41

0.00 0.00
2,999,944.99
8,341.67

0.00 10,091.67
1,750.00

4.58 0.00

4.58 1,754.58
1,754.58
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029
06/06/2024
06/13/2024
505,000.00
504,974.95

0.00 0.00
504,975.43
1,106.51
2,074.71
1,106.51
2,074.71

0.49 0.00

0.49 2,075.20
2,075.20
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
190,000.00
189,976.99

0.00 0.00
189,977.61
173.22
866.08
173.22
866.08

0.62 0.00

0.62 866.70
866.70
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025
02/07/2023
02/15/2023
13,571.30
25,687.35

0.00 (12,116.24)
13,571.21

22.09 110.46

11.67 100.04

0.10 0.00

0.10 100.14
100.14
06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,214,930.64

0.00 0.00
1,216,382.10
21,377.22
23,900.00
1,460.56
3,983.33
1,451.47

0.00 1,451.47
5,434.80
5,434.80
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027
03/30/2023
03/31/2023
1,000,000.00
994,882.25

0.00 0.00
995,043.15
13,969.44

0.00 17,886.11
3,916.67
160.90

0.00 160.90
4,077.57
4,077.57
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
450,000.00
449,939.75

0.00 0.00
449,940.98
388.50
1,942.50
388.50
1,942.50

1.23 0.00

1.23 1,943.73
1,943.73
14913UAX8

CATERPILLAR FINANCIAL
SERVICES CORP 4.8
01/08/2030
01/06/2025
01/08/2025
960,000.00

0.00 958,147.20

0.00 958,171.55

0.00 0.00
2,944.00
2,944.00

24.35 0.00

24.35 2,968.35
2,968.35
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,782.40

0.00 0.00
1,059,787.39
2,430.93
4,558.00
2,430.93
4,558.00

4.99 0.00

4.99 4,562.99
4,562.99
643
CONFIDENTIAL | 18
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
09/26/2024
09/27/2024
1,250,000.00
1,279,041.44

0.00 0.00
1,278,497.79
24,380.21

0.00 29,223.96
4,843.75

0.00 (543.65)
(543.65)
4,300.10
4,300.10
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/27/2024
02/29/2024
1,250,000.00
1,250,538.71

0.00 0.00
1,250,527.47
21,050.35

0.00 26,102.43
5,052.08

0.00 (11.24)
(11.24)
5,040.85
5,040.85
24422EWF2 JOHN DEERE CAPITAL CORP

3.4 06/06/2025
06/01/2022
06/06/2022
280,000.00
279,990.83

0.00 0.00
279,992.66
661.11

0.00 1,454.44
793.33

1.82 0.00

1.82 795.15
795.15
24422EXD6 JOHN DEERE CAPITAL CORP

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,798.81

0.00 0.00
504,808.95
8,163.47

0.00 10,330.76
2,167.29

10.14 0.00

10.14 2,177.43
2,177.43
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,944,458.67

0.00 0.00
1,945,830.61
3,972.22

0.00 9,388.89
5,416.67
1,371.94

0.00 1,371.94
6,788.60
6,788.60
3130AMBG6 FEDERAL HOME LOAN BANKS

0.75 04/29/2025
05/04/2021
05/04/2021
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
6,458.33

0.00 9,583.33
3,125.00

0.00 0.00

0.00 3,125.00
3,125.00
3130ANA42 FEDERAL HOME LOAN BANKS

0.65 04/28/2025
07/28/2021
07/28/2021
4,000,000.00
4,000,000.00

0.00 0.00
4,000,000.00
11,050.00
13,000.00
216.67
2,166.67

0.00 0.00

0.00 2,166.67
2,166.67
3130ANDF4 FEDERAL HOME LOAN BANKS

0.9 07/29/2026
07/29/2021
07/29/2021
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
19,000.00
22,500.00
250.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3130ATS57 FEDERAL HOME LOAN BANKS

4.5 03/10/2028
03/27/2023
03/28/2023
2,000,000.00
2,038,877.21

0.00 0.00
2,037,841.82
27,750.00

0.00 35,250.00
7,500.00

0.00 (1,035.39)
(1,035.39)
6,464.61
6,464.61
644
CONFIDENTIAL | 19
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
01/29/2024
01/30/2024
2,000,000.00
2,049,136.65

0.00 0.00
2,048,076.64
6,069.44

0.00 13,986.11
7,916.67

0.00 (1,060.01)
(1,060.01)
6,856.66
6,856.66
3133EPCF0

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/02/2026
03/27/2023
03/28/2023
2,000,000.00
2,010,597.20

0.00 0.00
2,009,824.22
29,750.00

0.00 37,250.00
7,500.00

0.00 (772.97)
(772.97)
6,727.03
6,727.03
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,027,650.51

0.00 0.00
2,026,782.06
25,763.89

0.00 33,055.56
7,291.67

0.00 (868.46)
(868.46)
6,423.21
6,423.21
3133EPQC2

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/17/2026
07/28/2023
07/31/2023
2,000,000.00
1,999,096.23

0.00 0.00
1,999,146.08
42,138.89
46,250.00
3,597.22
7,708.33

49.85 0.00

49.85 7,758.19
7,758.19
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00
2,103,688.69

0.00 0.00
2,103,616.31
16,902.08

0.00 25,214.58
8,312.50

0.00 (72.37)
(72.37)
8,240.13
8,240.13
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
10/28/2020
10/28/2020
8,500,000.00
8,500,000.00

0.00 0.00
8,500,000.00
8,925.00

0.00 13,175.00
4,250.00

0.00 0.00

0.00 4,250.00
4,250.00
3135GA4W8

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
02/18/2025
11/20/2020
11/20/2020

0.00 2,650,000.00

0.00 (2,650,000.00)

0.00 4,895.14
5,115.97

0.00 220.83

0.00 0.00

0.00 220.83
220.83
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
11/26/2024
11/27/2024
1,300,000.00
1,272,884.89

0.00 0.00
1,273,371.05
14,336.29

0.00 18,863.54
4,527.25
486.16

0.00 486.16
5,013.41
5,013.41
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/27/2024
06/28/2024
1,250,000.00
1,246,399.09

0.00 0.00
1,246,467.33
989.58

0.00 5,937.50
4,947.92

68.23 0.00

68.23 5,016.15
5,016.15
645
CONFIDENTIAL | 20
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
330,000.00
329,956.36

0.00 0.00
329,957.43
519.75
1,559.25
519.75
1,559.25

1.07 0.00

1.07 1,560.32
1,560.32
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
630,000.00
629,908.90

0.00 0.00
629,910.73
799.75
2,399.25
799.75
2,399.25

1.83 0.00

1.83 2,401.08
2,401.08
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
184,835.52
199,552.53

0.00 (14,737.55)
184,817.20
279.40
838.21
258.77
817.58

2.22 0.00

2.22 819.80
819.80
44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
285,000.00
284,961.08

0.00 0.00
284,961.86
613.07
1,149.50
613.07
1,149.50

0.79 0.00

0.79 1,150.29
1,150.29
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
06/27/2023
07/06/2023
1,720,000.00
1,719,366.98

0.00 0.00
1,719,406.30
9,890.00

0.00 16,340.00
6,450.00

39.33 0.00

39.33 6,489.33
6,489.33
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,956,223.63

0.00 0.00
1,957,277.25
32,861.11
35,000.00
3,694.44
5,833.33
1,053.62

0.00 1,053.62
6,886.96
6,886.96
46647PBK1 JPMORGAN CHASE & CO

2.083 04/22/2026
05/31/2022
06/02/2022
1,250,000.00
1,243,369.17

0.00 0.00
1,245,221.02
4,990.52

0.00 7,160.31
2,169.79
1,851.85

0.00 1,851.85
4,021.65
4,021.65
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
510,000.00
509,911.65

0.00 0.00
509,913.43
1,178.67
2,210.00
1,178.67
2,210.00

1.79 0.00

1.79 2,211.79
2,211.79
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
388,216.40
394,956.12

0.00 (6,783.60)
388,174.55
879.53
1,649.13
864.43
1,634.03

2.03 0.00

2.03 1,636.05
1,636.05
646
CONFIDENTIAL | 21
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
705,000.00
703,574.43

0.00 0.00
703,600.64
11,268.25

0.00 13,735.75
2,467.50

26.21 0.00

26.21 2,493.71
2,493.71
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030
01/03/2025
01/10/2025
1,000,000.00

0.00 999,520.00

0.00 999,525.78

0.00 0.00
2,887.50
2,887.50

5.78 0.00

5.78 2,893.28
2,893.28
58933YBH7 MERCK & CO INC 4.05
05/17/2028
09/26/2024
09/27/2024
1,250,000.00
1,260,904.12

0.00 0.00
1,260,622.90
6,187.50

0.00 10,406.25
4,218.75

0.00 (281.22)
(281.22)
3,937.53
3,937.53
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030
01/02/2025
01/09/2025
820,000.00

0.00 818,310.80

0.00 818,332.08

0.00 0.00
2,455.44
2,455.44

21.28 0.00

21.28 2,476.72
2,476.72
61747YET8 MORGAN STANLEY 4.679
07/17/2026
12/28/2022
12/30/2022
775,000.00
772,751.19

0.00 0.00
773,105.07
16,519.47
18,131.13
1,410.20
3,021.86
353.87

0.00 353.87
3,375.73
3,375.73
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
10/20/2022
10/31/2022
495,000.00
494,817.06

0.00 0.00
494,835.84
4,571.19

0.00 6,819.31
2,248.13

18.78 0.00

18.78 2,266.90
2,266.90
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,533.90

0.00 0.00
829,541.93
2,757.44

0.00 5,939.11
3,181.67

8.03 0.00

8.03 3,189.70
3,189.70
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,195,521.95

0.00 0.00
1,195,615.05
23,153.33
27,600.00
153.33
4,600.00

93.11 0.00

93.11 4,693.11
4,693.11
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,462,008.51

0.00 0.00
1,463,038.90
19,950.00

0.00 24,450.00
4,500.00
1,030.39

0.00 1,030.39
5,530.39
5,530.39
647
CONFIDENTIAL | 22
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
713448FQ6 PEPSICO INC 4.55 02/13/2026
02/13/2023
02/15/2023
195,000.00
194,957.82

0.00 0.00
194,961.03
3,401.13

0.00 4,140.50
739.38

3.20 0.00

3.20 742.58
742.58
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
380,000.00
379,936.53

0.00 0.00
379,939.43
2,758.96

0.00 4,381.88
1,622.92

2.90 0.00

2.90 1,625.82
1,625.82
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028
03/30/2023
03/31/2023
1,000,000.00
998,728.23

0.00 0.00
998,763.87
23,002.78
24,500.00
2,586.11
4,083.33

35.65 0.00

35.65 4,118.98
4,118.98
89236THP3 TOYOTA MOTOR CREDIT
CORP 0.8 10/16/2025
11/19/2020
11/19/2020
5,000,000.00
5,004,017.86

0.00 0.00
5,003,585.38
8,333.33

0.00 11,666.67
3,333.33

0.00 (432.48)
(432.48)
2,900.86
2,900.86
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026
02/13/2023
02/21/2023
470,000.00
469,882.26

0.00 0.00
469,891.03
8,061.81

0.00 9,922.22
1,860.42

8.77 0.00

8.77 1,869.19
1,869.19
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
12/28/2023
12/29/2023
2,000,000.00
1,948,514.01

0.00 0.00
1,949,642.77
8,114.64

0.00 13,466.85
5,352.21
1,128.76

0.00 1,128.76
6,480.97
6,480.97
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,993,213.78

0.00 0.00
2,993,544.04
6,706.73

0.00 8,942.31
2,235.58
330.26

0.00 330.26
2,565.83
2,565.83
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,918,136.60

0.00 0.00
1,919,626.77
21,236.19

0.00 26,588.40
5,352.21
1,490.17

0.00 1,490.17
6,842.38
6,842.38
91282CFL0 UNITED STATES TREASURY

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,178,593.96

0.00 0.00
2,178,976.87
21,780.91

0.00 29,041.21
7,260.30
382.91

0.00 382.91
7,643.21
7,643.21
648
CONFIDENTIAL | 23
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028 1,825,000.00
1,822,089.18

0.00 0.00
1,822,165.33
16,902.56

0.00 22,536.74
5,634.19
158.39
(82.24)

76.15 5,710.33
5,710.33
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028
06/13/2024
06/14/2024

0.00 194,945.54

0.00 (194,978.83)

0.00 1,198.90
1,353.59

0.00 154.70

33.28 0.00

33.28 187.98
187.98
91282CJF9 UNITED STATES TREASURY

4.875 10/31/2028
05/28/2024
05/29/2024
2,200,000.00
2,223,063.27

0.00 0.00
2,222,552.22
18,368.78

0.00 27,553.18
9,184.39

0.00 (511.05)
(511.05)
8,673.34
8,673.34
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,205,590.38

0.00 0.00
2,205,476.30
31,769.34

0.00 39,776.24
8,006.91

0.00 (114.09)
(114.09)
7,892.82
7,892.82
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
05/28/2024
05/29/2024
2,200,000.00
2,165,926.54

0.00 0.00
2,166,608.00
23,186.13

0.00 30,914.84
7,728.71
681.47

0.00 681.47
8,410.18
8,410.18
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 2,000,000.00
2,038,979.43

0.00 0.00
2,038,214.64
15,842.54

0.00 23,763.81
7,921.27

0.00 (764.79)
(764.79)
7,156.48
7,156.48
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00
2,221,851.75

0.00 0.00
2,221,431.26
8,703.30

0.00 17,134.62
8,431.32

0.00 (420.49)
(420.49)
8,010.83
8,010.83
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
09/26/2024
09/27/2024
2,000,000.00
2,036,424.27

0.00 0.00
2,035,748.94
33,478.26
40,000.00
220.99
6,742.73

0.00 (675.33)
(675.33)
6,067.40
6,067.40
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,366,100.29

0.00 0.00
2,366,686.07
8,703.30

0.00 17,134.62
8,431.32
585.78

0.00 585.78
9,017.10
9,017.10
649
CONFIDENTIAL | 24
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91324PEN8 UNITEDHEALTH GROUP INC

5.15 10/15/2025
12/28/2022
12/30/2022
775,000.00
778,314.57

0.00 0.00
777,956.55
8,425.97

0.00 11,752.01
3,326.04

0.00 (358.02)
(358.02)
2,968.02
2,968.02
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
971,389.18

0.00 0.00
971,990.50
19,597.22
21,250.00
1,888.89
3,541.67
601.31

0.00 601.31
4,142.98
4,142.98
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
560,000.00
559,919.94

0.00 0.00
559,921.36
1,067.73
2,002.00
1,067.73
2,002.00

1.42 0.00

1.42 2,003.42
2,003.42
Total Fixed Income 103,746,623.22
103,660,112.86
2,775,978.00
(2,878,616.22)
103,563,065.94
750,334.91
305,978.24
716,748.90
272,392.23
13,595.10
(8,003.79)
5,591.31
277,983.54 277,983.54
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 29,989,857.74
29,721,656.93
268,200.81

0.00 29,989,857.74

0.00 256,284.50

0.00 256,284.50

0.00 0.00

0.00 256,284.50
256,284.50
Total LAIF 29,989,857.74
29,721,656.93
268,200.81

0.00 29,989,857.74

0.00 256,284.50

0.00 256,284.50

0.00 0.00

0.00 256,284.50 256,284.50
TOTAL PORTFOLIO 158,584,676.00
148,760,410.07
15,243,116.12
(5,465,680.30)
158,401,118.72
750,334.91
563,141.09
716,748.90
529,555.08
13,595.10
(8,003.79)
5,591.31
535,146.39 535,146.39
650
CONFIDENTIAL | 25
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount FEBRUARY 2025
02/03/2025 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 1,420.85 1,420.85 02/10/2025 Coupon 037833EB2 0.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 02/13/2025 Coupon 713448FQ6 0.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 02/14/2025 Coupon 532457CQ9 0.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 02/18/2025 Coupon 02582JJZ4 0.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 02/18/2025 Coupon 02582JKD1 0.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 02/18/2025 Coupon 05522RDJ4 0.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 02/18/2025 Coupon 161571HT4 0.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 02/18/2025 Coupon 171239AL0 0.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 31,484.38 31,484.38 02/18/2025 Coupon 44934QAD3 0.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 02/18/2025 Coupon 47800CAC0 0.00 JDOT 2023 A3 5.01 11/15/2027 1,620.80 1,620.80 02/18/2025 Principal Paydown 47800CAC0 (28,376.09) JDOT 2023 A3 5.01 11/15/2027 28,376.09 28,376.09 02/18/2025 Coupon 47786WAD2 0.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 02/18/2025 Coupon 713448FL7 0.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 02/18/2025 Coupon 92970QAE5 0.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 02/21/2025 Coupon 43815JAC7 0.00 HAROT 2023-1 A3 5.04 04/21/2027 776.31 776.31 02/21/2025 Principal Paydown 43815JAC7 (14,420.61) HAROT 2023-1 A3 5.04 04/21/2027 14,420.61 14,420.61 02/21/2025 Coupon 438123AC5 0.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 02/21/2025 Coupon 43813YAC6 0.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 02/21/2025 Coupon 907818GE2 0.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 02/25/2025 Custody Fee CCYUSD 0.00 (695.65) (695.65)
02/25/2025 Coupon 05593AAC3 0.00 BMWLT 2023-1 A3 5.16 11/25/2025 58.36 58.36 02/25/2025 Principal Paydown 05593AAC3 (9,966.70) BMWLT 2023-1 A3 5.16 11/25/2025 9,966.70 9,966.70 02/25/2025 Coupon 05592XAD2 0.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 02/25/2025 Coupon 096919AD7 0.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 02/26/2025 Coupon 17275RBR2 0.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 02/28/2025 Coupon 91282CFJ5 0.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 02/28/2025 Coupon 91282CKD2 0.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 February 2025
Total 53,488.60 234,935.85 288,424.45
MARCH 2025
651
CONFIDENTIAL | 26
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/03/2025 Coupon 3133EPCF0 0.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 45,000.00 45,000.00
03/03/2025 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 1,449.31 1,449.31 03/10/2025 Coupon 3130ATS57 0.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 45,000.00 45,000.00 03/10/2025 Coupon 24422EXD6 0.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 03/14/2025 Coupon 06368LAQ9 0.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 03/17/2025 Coupon 02582JJZ4 0.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 03/17/2025 Coupon 02582JKD1 0.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 03/17/2025 Coupon 05522RDJ4 0.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 03/17/2025 Coupon 161571HT4 0.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 03/17/2025 Coupon 3133EPDJ1 0.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
03/17/2025 Coupon 44934QAD3 0.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 03/17/2025 Coupon 47800CAC0 0.00 JDOT 2023 A3 5.01 11/15/2027 1,502.33 1,502.33 03/17/2025 Principal Paydown 47800CAC0 (17,579.94) JDOT 2023 A3 5.01 11/15/2027 17,579.94 17,579.94 03/17/2025 Coupon 47786WAD2 0.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 03/17/2025 Coupon 92970QAE5 0.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 03/20/2025 Coupon 36271VAD9 0.00 GMALT 2025-1 A3 4.66 02/21/2028 2,115.12 2,115.12 03/21/2025 Coupon 43815JAC7 0.00 HAROT 2023-1 A3 5.04 04/21/2027 715.74 715.74 03/21/2025 Principal Paydown 43815JAC7 (13,395.17) HAROT 2023-1 A3 5.04 04/21/2027 13,395.17 13,395.17 03/21/2025 Coupon 438123AC5 0.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 03/21/2025 Coupon 43813YAC6 0.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 03/21/2025 Coupon 43814VAC1 0.00 HAROT 2025-1 A3 4.57 09/21/2029 4,036.83 4,036.83 03/26/2025 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
03/31/2025 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 03/31/2025 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 03/31/2025 Coupon 91282CGT2 1,825,000.00 UNITED STATES TREASURY 3.625 03/31/2028 33,078.13 33,078.13 03/31/2025 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 March 2025 Total 32,424.42 361,961.56 394,385.99
APRIL 2025
04/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 652
CONFIDENTIAL | 27
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 04/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 04/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 04/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 04/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,788.18 2,788.18 04/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 04/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,455.87 1,455.87 04/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 23,178.18 23,178.18 04/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,997.50 1,997.50 04/15/2025 Dividend 90LAIF$00 34,989,857.74 Local Agency Investment Fund State Pool 215,266.57 215,266.57 04/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 04/16/2025 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 04/21/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 04/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 04/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 04/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 04/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 673.89 673.89 04/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 13,482.41 13,482.41 04/22/2025 Coupon 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 13,018.75 13,018.75 04/22/2025 Effective Maturity 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 1,250,000.00 1,250,000.00 04/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 827.43 827.43 04/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 11,713.55 11,713.55 04/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 04/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 04/28/2025 Coupon 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 6,500.00 6,500.00 04/28/2025 Final Maturity 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 4,000,000.00 4,000,000.00 04/28/2025 Coupon 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 24,150.00 24,150.00
04/29/2025 Coupon 3130AMBG6 2,400,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 9,000.00 9,000.00 04/29/2025 Final Maturity 3130AMBG6 2,400,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 2,400,000.00 2,400,000.00 04/30/2025 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
653
CONFIDENTIAL | 28
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/30/2025 Coupon 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 13,488.75 13,488.75
04/30/2025 Coupon 91282CJF9 2,200,000.00 UNITED STATES TREASURY 4.875 10/31/2028 53,625.00 53,625.00 04/30/2025 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 April 2025 Total 7,913,640.71 274,845.49 8,188,486.20
MAY 2025
05/12/2025 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 05/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 05/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 05/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 05/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 05/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 05/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 05/15/2025 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
05/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 05/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,359.10 1,359.10 05/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 22,658.61 22,658.61 05/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 05/15/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 05/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 05/19/2025 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 05/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 05/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 05/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 05/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 05/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 617.26 617.26 05/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 12,925.14 12,925.14 05/26/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 774.03 774.03 05/26/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 11,184.19 11,184.19 05/26/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 05/26/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 654
CONFIDENTIAL | 29
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount May 2025 Total 46,767.94 143,242.73 190,010.68
JUNE 2025
06/02/2025 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 06/02/2025 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 06/05/2025 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
06/09/2025 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 06/09/2025 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 06/16/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 06/16/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 06/16/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 06/16/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 06/16/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 06/16/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 06/16/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 06/16/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,264.50 1,264.50 06/16/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 20,391.67 20,391.67 06/16/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 06/16/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 06/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 06/23/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 06/23/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 06/23/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 06/23/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 562.98 562.98 06/23/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 12,640.49 12,640.49 06/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 723.05 723.05 06/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 10,983.82 10,983.82 06/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 06/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 06/25/2025 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 June 2025 Total 44,015.98 265,820.37 309,836.35
JULY 2025
655
CONFIDENTIAL | 30
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/08/2025 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
07/09/2025 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
07/10/2025 Coupon 57629TBV8 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 24,750.00 24,750.00
07/14/2025 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/14/2025 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 07/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 07/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 07/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 07/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 07/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 07/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,179.37 1,179.37 07/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 20,951.82 20,951.82 07/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 07/15/2025 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 07/17/2025 Coupon 3133EPQC2 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 07/17/2026 46,250.00 46,250.00
07/17/2025 Coupon 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 18,131.13 18,131.13 07/17/2025 Effective Maturity 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 775,000.00 775,000.00 07/21/2025 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 07/21/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 07/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 07/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 07/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 07/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 509.89 509.89 07/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 12,340.95 12,340.95 07/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 672.98 672.98 656
CONFIDENTIAL | 31
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 10,752.23 10,752.23 07/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 07/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 07/29/2025 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2025 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 July 2025 Total 819,045.00 364,865.70 1,183,910.70
AUGUST 2025
08/08/2025 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 08/13/2025 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 08/14/2025 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 08/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 08/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 08/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 08/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/15/2025 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 08/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 08/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 08/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 08/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,091.89 1,091.89 08/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 19,256.61 19,256.61 08/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 08/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 08/18/2025 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 08/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 08/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 13,014.84 13,014.84 08/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 08/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 08/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 458.06 458.06 08/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 11,964.25 11,964.25 08/21/2025 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 657
CONFIDENTIAL | 32
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 623.97 623.97 08/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 10,430.77 10,430.77 08/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 08/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 08/26/2025 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 08/28/2025 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 August 2025 Total 54,666.46 194,088.80 248,755.27
SEPTEMBER 2025
09/02/2025 Coupon 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 45,000.00 45,000.00
09/02/2025 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 09/02/2025 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 09/08/2025 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/10/2025 Coupon 3130ATS57 2,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 45,000.00 45,000.00 09/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 09/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 09/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 09/15/2025 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/15/2025 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 09/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 09/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 09/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,011.50 1,011.50 09/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 19,624.89 19,624.89 09/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 09/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 09/22/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 09/22/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,497.75 1,497.75 09/22/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 19,184.50 19,184.50 09/22/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 658
CONFIDENTIAL | 33
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/22/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 09/22/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 407.81 407.81 09/22/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 11,677.85 11,677.85 09/22/2025 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
09/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 576.42 576.42 09/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 10,216.24 10,216.24 09/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 09/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 09/26/2025 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/30/2025 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 09/30/2025 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 09/30/2025 Coupon 91282CGT2 1,825,000.00 UNITED STATES TREASURY 3.625 03/31/2028 33,078.13 33,078.13 09/30/2025 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 September 2025
Total 60,703.48 460,143.82 520,847.30
OCTOBER 2025
10/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 10/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 10/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 10/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 10/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 10/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 10/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 10/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 929.56 929.56 10/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 23,332.67 23,332.67 10/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 10/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 10/16/2025 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 10/16/2025 Final Maturity 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 5,000,000.00 5,000,000.00 10/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 659
CONFIDENTIAL | 34
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,407.11 1,407.11 10/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 18,417.17 18,417.17 10/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 10/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 10/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 358.76 358.76 10/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 11,244.65 11,244.65 10/27/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 529.86 529.86 10/27/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 9,479.41 9,479.41 10/27/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 10/27/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 10/28/2025 Coupon 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 24,150.00 24,150.00
10/28/2025 Final Maturity 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 8,050,000.00 8,050,000.00
10/30/2025 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
10/30/2025 Coupon 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 13,488.75 13,488.75
10/30/2025 Final Maturity 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 495,000.00 495,000.00
10/31/2025 Coupon 91282CJF9 2,200,000.00 UNITED STATES TREASURY 4.875 10/31/2028 53,625.00 53,625.00 10/31/2025 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 October 2025
Total 13,607,473.89 244,547.12 13,852,021.01
NOVEMBER 2025
11/10/2025 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 11/17/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 11/17/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 11/17/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 11/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 11/17/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 11/17/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 660
CONFIDENTIAL | 35
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/17/2025 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
11/17/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 11/17/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 832.15 832.15 11/17/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 27,281.69 27,281.69 11/17/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 11/17/2025 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 11/17/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/17/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 11/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 11/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,320.09 1,320.09 11/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 17,970.16 17,970.16 11/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 11/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 11/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 311.53 311.53 11/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 9,882.75 9,882.75 11/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 486.64 486.64 11/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 8,497.32 8,497.32 11/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 11/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 November 2025
Total 63,631.92 141,883.50 205,515.42
DECEMBER 2025
12/01/2025 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 12/01/2025 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 12/05/2025 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
12/08/2025 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/09/2025 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 12/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 12/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 661
CONFIDENTIAL | 36
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 12/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 12/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 12/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 12/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 718.25 718.25 12/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 18,241.92 18,241.92 12/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 12/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 12/22/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 12/22/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,235.18 1,235.18 12/22/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 17,065.53 17,065.53 12/22/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 12/22/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 12/22/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 270.02 270.02 12/22/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 9,435.88 9,435.88 12/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 447.91 447.91 12/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 8,078.32 8,078.32 12/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 12/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 12/26/2025 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 December 2025
Total 52,821.66 264,381.95 317,203.60
Grand Total 291,166,431.05 22,748,680.07 2,950,716.89 25,699,396.96 662
CONFIDENTIAL | 37
City of Orange Cons | Account #10897 | As of January 31, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY , ADEQUACY , ACCURACY , TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a high rating by S&P , Moody’s and Fitch respectively. 663

MONTHLY ACCOUNT STATEMENT
City of Orange Cons | Account #10897 | As of February 28, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:
664
CONFIDENTIAL | 2
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Average Modified Duration 1.46
Average Coupon 3.06%
Average Purchase YTM 3.13%
Average Market YTM 3.71%
Average Credit Quality* AA+
Average Final Maturity 1.73
Average Life 1.63
End Values as of
01/31/2025
End Values as of
02/28/2025
Market Value 157,333,091.66 159,847,703.48
Accrued Interest 716,748.90 732,601.69
Total Market Value 158,049,840.56 160,580,305.17
Income Earned 535,146.39 277,415.11
Cont/WD 9,233,611.73 1,493,450.15
Par 158,584,676.00 160,419,694.76
Book Value 158,401,118.72 160,238,407.19
Cost Value 158,350,512.93 160,173,681.97
LAIF 21.89%
Government of The United States 16.34%
Wells Fargo & Company 12.98%
Federal Home Loan Banks 11.37%
Federal Home Loan Mortgage Corp 5.19%
Farm Credit System 5.12%
Toyota Motor Corporation 3.06%
Apple Inc. 1.82%
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 665
CONFIDENTIAL | 3
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (BV; ABS, CMO & MBS) 20.0 5.2 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (BV) 20.0 5.2 Compliant
Max % Issuer (BV) 5.0 0.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

COMMERCIAL PAPER
Max % (BV) 40.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (BV) 30.0 19.2 Compliant
Max % Issuer (BV) 5.0 3.1 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (BV) 75.0 21.9 Compliant
Max % Issuer (BV) 30.0 11.5 Compliant
Max Callables (BV) 20.0 13.0 Compliant
Max Maturity (Years) 5 4 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (BV) 75.0 35.0 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (BV) 100.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (BV) 20.0 0.1 Compliant
Max % Issuer (BV) 20.0 0.1 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (BV) 20.0 0.0 Compliant
666
CONFIDENTIAL | 4
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (BV) 30.0 2.3 Compliant
Max % Issuer (BV) 10.0 1.2 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (BV) 100.0 16.3 Compliant
Max Maturity (Years) 5 4 Compliant
667
CONFIDENTIAL | 5
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Book Value 158,401,118.72 148,760,410.07
Maturities/Calls 0.00 0.00
Principal Paydowns (52,763.40) (86,400.79)
Purchases 11,071,928.06 26,315,044.18
Sales (9,276,274.36) (14,696,049.32)
Change in Cash, Payables, Receivables 102,206.16 (40,112.31) Amortization/Accretion 5,062.37 10,653.68
Realized Gain (Loss) (12,870.36) (25,138.31)
Ending Book Value 160,238,407.19 160,238,407.19
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Market Value 157,333,091.66 147,423,748.89
Maturities/Calls 0.00 0.00
Principal Paydowns (52,763.40) (86,400.79)
Purchases 11,071,928.06 26,315,044.18
Sales (9,276,274.36) (14,696,049.32)
Change in Cash, Payables, Receivables 102,206.16 (40,112.31) Amortization/Accretion 5,062.37 10,653.68
Change in Net Unrealized Gain (Loss) 677,323.35 945,957.46 Realized Gain (Loss) (12,870.36) (25,138.31)
Ending Market Value 159,847,703.48 159,847,703.48
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date 0.00
Principal Paydowns
Month to Date (52,763.40)
Fiscal Year to Date (86,400.79)
Purchases
Month to Date 11,071,928.06
Fiscal Year to Date 26,315,044.18
Sales
Month to Date (9,276,274.36)
Fiscal Year to Date (14,696,049.32)
Interest Received
Month to Date 236,356.70
Fiscal Year to Date 793,028.23
Purchased / Sold Interest
Month to Date 20,143.25
Fiscal Year to Date 26,612.81
668
CONFIDENTIAL | 6
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 3,604.60 02/07/2023

5.43%
3,604.52
3,604.58
100.07

4.07%
3,607.07

3.10 0.00%

2.49 AAA/AAA
NA

0.74 0.06
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 170,414.91 02/16/2023

5.09%
170,383.24
170,398.60
100.30

4.55%
170,919.78
238.58

0.11%
521.17
AAA/NA
AAA

2.14 0.55
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 359,840.30 02/22/2023

3.39%
359,774.74
359,802.58
100.43

4.34%
361,402.98
801.24

0.23%
1,600.40
AAA/NA
AAA

2.71 0.59
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,950.04
100.59

4.37%
432,518.77
1,057.56

0.27%
2,568.73
NA/AAA
AAA

2.98 1.72
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 190,000.00 07/11/2023

5.47%
189,966.33
189,978.17
100.73

4.47%
191,378.60
173.22

0.12%
1,400.43
NA/AAA
AAA

2.99 0.68
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 350,000.00 06/07/2023

4.87%
349,968.96
349,983.46
100.65

4.35%
352,274.93
757.56

0.22%
2,291.47
NA/AAA
AAA

1.21 1.14
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 330,000.00 11/01/2023

5.74%
329,941.89
329,958.39
101.42

4.48%
334,669.80
519.75

0.21%
4,711.41
AAA/NA
AAA

3.31 1.11
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.17%
1,059,706.17
1,059,791.89
101.34

4.29%
1,074,208.24
2,430.93

0.67%
14,416.35
NA/AAA
AAA

3.55 1.44
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,966.52
101.47

4.28%
1,070,521.16
2,452.29

0.67%
15,554.64
NA/AAA
AAA

3.55 1.44
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 450,000.00 06/04/2024

5.24%
449,931.65
449,942.10
101.21

4.38%
455,428.98
388.50

0.28%
5,486.88

AAA/AAA
NA

4.00 1.40
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.26%
509,900.30
509,915.05
101.70

4.12%
518,690.20
1,178.67

0.32%
8,775.15
AAA/NA
AAA

4.04 1.49
44934QAD3 HART 2024-B A3 4.84
03/15/2029 285,000.00 07/16/2024

4.90%
284,956.99
284,962.57
100.93

4.36%
287,657.68
613.07

0.18%
2,695.11
NA/AAA
AAA

4.04 1.74
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.68%
629,901.03
629,912.39
100.45

4.34%
632,830.78
799.75

0.40%
2,918.39
AAA/NA
AAA

4.06 1.63
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,975.87
101.44

4.28%
512,256.90
1,106.51

0.32%
7,281.03

AAA/AAA
NA

4.21 2.04
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,975.77
100.64

4.32%
800,076.55
2,018.42

0.50%
5,100.78
NA/AAA
AAA

4.56 2.12
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,933.70
100.53

4.35%
683,601.28
1,636.53

0.43%
3,667.58

AAA/AAA
NA

4.57 2.06
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.58%
559,916.78
559,922.64
100.09

4.29%
560,478.63
1,067.73

0.35%
555.99

AAA/AAA
NA

4.63 2.42
669
CONFIDENTIAL | 7
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total ABS 8,363,859.81 4.90%
8,362,734.90
8,362,974.33
100.94

4.32%
8,442,522.33
17,243.41

5.28%
79,548.00

3.73 1.60
AGENCY
3130ANA42 FEDERAL HOME LOAN BANKS

0.65 04/28/2025 4,000,000.00 07/28/2021

0.65%
4,000,000.00
4,000,000.00

99.43 4.37%
3,977,378.04
2,383.33

2.49%
(22,621.96)
AAA/AA
AA

0.16 0.15
3130AMBG6 FEDERAL HOME LOAN BANKS

0.75 04/29/2025 3,400,000.00 05/04/2021

0.75%
3,400,000.00
3,400,000.00

99.44 4.37%
3,380,912.67
8,641.67

2.12%
(19,087.33)
AAA/AA
AA

0.16 0.15
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
8,500,000.00 10/28/2020

0.60%
8,500,000.00
8,500,000.00

97.67 4.25%
8,302,355.62
17,425.00

5.19%
(197,644.38)
AAA/AA
AA

0.66 0.64
3133EPCF0 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/02/2026 2,000,000.00 03/27/2023

4.01%
2,026,680.00
2,009,126.06
100.33

4.16%
2,006,591.28
44,750.00

1.26%
(2,534.78)
AAA/AA
AA

1.01 0.97
3133EPQC2

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/17/2026
2,000,000.00 07/28/2023

4.66%
1,998,260.00
1,999,191.11
100.63

4.14%
2,012,644.84
11,305.56

1.26%
13,453.73
AAA/AA
AA

1.38 1.31
3130ANDF4 FEDERAL HOME LOAN BANKS 0.9
07/29/2026 5,000,000.00 07/29/2021

0.90%
5,010,000.00
5,000,000.00

95.57 4.17%
4,778,666.85
4,000.00

2.99%
(221,333.15)
AAA/AA
AA

1.41 1.37
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
2,000,000.00 03/27/2023

3.81%
2,045,720.00
2,025,997.65
100.77

4.05%
2,015,359.66
40,347.22

1.26%
(10,637.99)
AAA/AA
AA

2.54 2.33
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 2,000,000.00 03/27/2023

3.82%
2,060,420.00
2,036,906.63
101.43

3.99%
2,028,568.86
42,750.00

1.27%
(8,337.77)
AAA/AA
AA

3.03 2.74
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028 2,000,000.00 07/24/2023

4.15%
1,921,180.00
1,947,069.78

97.75 3.99%
1,955,007.30
14,805.56

1.22%
7,937.52
AAA/AA
AA

3.28 3.04
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028 2,000,000.00 01/29/2024

4.05%
2,060,660.00
2,047,119.21
102.50

4.03%
2,050,038.54
21,902.78

1.28%
2,919.33
AAA/AA
AA

3.78 3.39
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 2,100,000.00 04/29/2024

4.70%
2,104,263.00
2,103,550.94
102.56

4.07%
2,153,676.74
33,527.08

1.35%
50,125.79
AAA/AA
AA

4.17 3.69
Total Agency 35,000,000.00 2.13%
35,127,183.00
35,068,961.38

99.08 4.19%
34,661,200.40
241,838.19

21.68%
(407,760.98)

1.52 1.40
CASH
999WEL$14 Wells Fargo 527,054.58 -- 527,054.58
527,054.58

1.00 0.00%
527,054.58

0.00 0.33%

0.00 NA/NA
NA

0.00 0.00
670
CONFIDENTIAL | 8
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
999WEL$15 Wells Fargo 20,149,973.96 --

0.00%
20,149,973.96
20,149,973.96

1.00 0.00%
20,149,973.96

0.00 12.61%

0.00 NA/NA
NA

0.00 0.00
999WEL$12 Wells Fargo General 74,538.00 --

0.00%
74,538.00
74,538.00

1.00 0.00%
74,538.00

0.00 0.05%

0.00 NA/NA
NA

0.00 0.00
CCYUSD Receivable 1,449.31 --

0.00%
1,449.31
1,449.31

1.00 0.00%
1,449.31

0.00 0.00%

0.00 AAA/AAA
AAA

0.00 0.00
CCYUSD Receivable 215,266.57 --

0.00%
215,266.57
215,266.57

1.00 0.00%
215,266.57

0.00 0.13%

0.00 AAA/AAA
AAA

0.00 0.00
Total Cash 20,968,282.42 0.00%
20,968,282.42
20,968,282.42

1.00 0.00%
20,968,282.42

0.00 13.12%

0.00 0.00

0.00 CORPORATE
89236THP3 TOYOTA MOTOR CREDIT CORP

0.8 10/16/2025 5,000,000.00 11/19/2020

0.70%
5,025,000.00
5,003,194.75

97.77 4.50%
4,888,315.70
15,000.00

3.06%
(114,879.05)
A/A
A

0.63 0.60
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
495,000.00 10/20/2022

5.50%
494,336.70
494,852.80
100.54

4.60%
497,661.43
9,067.44

0.31%
2,808.63
A/A
A

0.67 0.63
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021

0.70%
2,999,730.00
2,999,949.13

96.73 4.32%
2,902,021.26
1,341.67

1.82%
(97,927.87)
AAA/AA
NA

0.94 0.91
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,963.92
100.18

4.35%
195,351.80
443.63

0.12%
387.88
A/A
NA

0.96 0.83
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,898.96
100.21

4.52%
471,007.18
620.14

0.29%
1,108.22
A/A
A

0.98 0.85
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026 1,250,000.00 05/31/2022

3.92%
1,190,825.00
1,246,893.66

99.62 6.09%
1,245,297.35
9,330.10

0.78%
(1,596.31)
A/A
AA

1.15 0.14
61747YET8 MORGAN STANLEY 4.679
07/17/2026 775,000.00 12/28/2022

5.26%
764,390.25
773,424.69

99.98 5.70%
774,819.29
4,432.05

0.48%
1,394.60
A/A
A

1.38 0.37
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,818.11
101.32

4.24%
511,689.75
12,498.05

0.32%
6,871.64
A/A
A

1.53 1.41
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,942.05
101.38

4.27%
385,238.05
6,004.79

0.24%
5,296.00
A/A
NA

1.70 1.50
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
995,188.48
100.58

4.45%
1,005,816.76
21,802.78

0.63%
10,628.28
A/A
AA

2.54 2.24
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
998,796.07
101.11

4.48%
1,011,066.35
6,669.44

0.63%
12,270.28
A/A
AA

2.87 2.63
671
CONFIDENTIAL | 9
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,217,693.11

98.58 5.14%
1,232,310.65
5,443.89

0.77%
14,617.54
A/A
AA

2.89 1.78
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,463,969.58

98.38 4.19%
1,475,659.92
1,950.00

0.92%
11,690.34
A/A
NA

2.97 2.77
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
100.33

4.42%
1,289,292.58
485.73

0.81%
4,292.58
AA/A
AA

3.00 2.69
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,260,368.89

99.66 4.16%
1,245,766.89
14,625.00

0.78%
(14,602.01)
A/A
NA

3.22 2.94
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
972,533.62

98.94 4.55%
989,350.82
5,430.56

0.62%
16,817.20
A/A
A

3.88 3.51
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,195,699.15
100.94

4.34%
1,211,226.60
4,753.33

0.76%
15,527.45
A/A
NA

3.93 3.53
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,517.32
101.44

4.45%
1,268,006.29
842.01

0.79%
17,488.97
A/AA
NA

4.00 3.52
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,246,528.96
101.07

4.47%
1,263,365.76
10,885.42

0.79%
16,836.81
A/A
A

4.32 3.76
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,624.31

99.29 4.38%
699,996.37
1,398.25

0.44%
(3,627.94)
AA/A
NA

4.46 4.01
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,278,006.75
100.60

4.50%
1,257,452.71
2,583.33

0.79%
(20,554.04)
A/A
A

4.46 3.91
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,273,810.16

98.46 4.56%
1,280,026.37
23,390.79

0.80%
6,216.21
AA/AA
NA

4.57 4.03
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,549.18
100.27

4.54%
832,207.35
9,120.78

0.52%
2,658.17
AAA/AA
AAA

4.77 4.18
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,199.96
101.51

4.45%
974,543.62
6,784.00

0.61%
16,343.65
A/A
A

4.86 4.26
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,357.98
101.03

4.66%
828,441.28
5,803.78

0.52%
10,083.30
AA/AA
AA

4.86 4.25
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,000,000.00 01/03/2025

4.96%
999,520.00
999,533.14
101.30

4.65%
1,012,964.70
7,012.50

0.63%
13,431.56
AA/AA
AA

4.87 4.25
Total Corporate 30,920,000.00 3.68%
30,739,145.95
30,815,314.75

99.47 4.56%
30,748,896.83
187,719.46

19.24%
(66,417.92)

2.71 2.34
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 34,989,857.74 --

4.32%
34,989,857.74
34,989,857.74

1.00 4.32%
34,989,857.74

0.00 21.89%

0.00 NA/NA
NA

0.00 0.00
672
CONFIDENTIAL | 10
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total LAIF 34,989,857.74 4.32%
34,989,857.74
34,989,857.74

1.00 4.32%
34,989,857.74

0.00 21.89%

0.00 0.00

0.00 MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 232,694.79 --

3.99%
232,694.79
232,694.79

1.00 3.98%
232,694.79

0.00 0.15%

0.00 AAA/AAA
AAA

0.00 0.00
Total Money
Market Fund 232,694.79 3.99%
232,694.79
232,694.79

1.00 3.98%
232,694.79

0.00 0.15%

0.00 0.00

0.00 SUPRANATIONAL
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
1,720,000.00 06/27/2023

4.53%
1,718,675.60
1,719,441.82
100.41

4.14%
1,727,129.93
22,790.00

1.08%
7,688.11

AAA/AAA
NA

1.21 1.14
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,000,000.00 07/24/2023

4.19%
1,938,380.00
1,958,228.91

98.20 4.08%
1,963,908.96
9,527.78

1.23%
5,680.05

AAA/AAA
NA

3.37 3.12
Total
Supranational 3,720,000.00 4.35%
3,657,055.60
3,677,670.74

99.23 4.11%
3,691,038.89
32,317.78

2.31%
13,368.16

2.36 2.19

US TREASURY
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,000,000.00 09/30/2021

1.01%
2,980,546.88
2,993,842.33

95.21 4.04%
2,856,445.32
10,961.54

1.79%
(137,397.01)
AAA/AA
AA

1.59 1.53
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,825,000.00 --

3.68%
1,822,165.04
1,822,234.11

98.99 3.98%
1,806,536.13
27,625.69

1.13%
(15,697.98)
AAA/AA
AA

3.09 2.84
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 2,200,000.00 05/28/2024

4.57%
2,226,640.63
2,222,090.62
102.95

4.00%
2,264,968.75
35,848.76

1.42%
42,878.13
AAA/AA
AA

3.67 3.28
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 12/28/2023

3.86%
1,935,078.13
1,950,662.29

97.03 3.99%
1,940,626.00
18,301.11

1.21%
(10,036.29)
AAA/AA
AA

3.71 3.42
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,205,373.25
100.89

4.01%
2,219,679.68
254.08

1.39%
14,306.44
AAA/AA
AA

4.00 3.64
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,167,223.53
100.44

4.01%
2,209,625.00
37,895.60

1.38%
42,401.48
AAA/AA
AA

4.08 3.66
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,037,523.87
102.35

4.01%
2,046,953.12
30,918.51

1.28%
9,429.25
AAA/AA
AA

4.17 3.71
673
CONFIDENTIAL | 11
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,221,051.47
101.91

4.01%
2,241,938.60
24,750.00

1.40%
20,887.13
AAA/AA
AA

4.25 3.80
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

4.30%
2,038,515.62
2,035,138.97

99.98 4.01%
1,999,531.24
6,408.84

1.25%
(35,607.73)
AAA/AA
AA

4.42 4.00
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,920,972.73

96.37 4.02%
1,927,421.88
169.84

1.21%
6,449.15
AAA/AA
AA

4.50 4.14
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.50%
2,177,828.13
2,179,322.72

99.41 4.02%
2,187,109.36
35,598.90

1.37%
7,786.64
AAA/AA
AA

4.59 4.09
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,367,215.17
100.52

4.00%
2,412,375.00
24,750.00

1.51%
45,159.83
AAA/AA
AA

4.75 4.23
Total US Treasury 26,225,000.00 3.89%
26,096,727.57
26,122,651.05

99.63 4.01%
26,113,210.08
253,482.85

16.34%
(9,440.96)

3.85 3.48
Total Portfolio 160,419,694.76 3.13%
160,173,681.97
160,238,407.19

64.87 3.71%
159,847,703.48
732,601.69
100.00%
(390,703.71)

1.73 1.46
Total Market
Value + Accrued 160,580,305.17
674
CONFIDENTIAL | 12
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 02/04/2025 31846V203 1,420.85 FIRST AMER:GVT OBLG Y 1.000 (1,420.85) 0.00 (1,420.85) 0.00 Purchase 02/10/2025 31846V203 1,601,514.67 FIRST AMER:GVT OBLG Y 1.000 (1,601,514.67) 0.00 (1,601,514.67) 0.00 Purchase 02/11/2025 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 99.997 4.57% (794,975.51) 0.00 (794,975.51) 0.00 Purchase 02/12/2025 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 99.990 4.56% (679,933.02) 0.00 (679,933.02) 0.00 Purchase 02/12/2025 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 99.988 4.66% (429,949.26) 0.00 (429,949.26) 0.00 Purchase 02/13/2025 31846V203 4,436.25 FIRST AMER:GVT OBLG Y 1.000 (4,436.25) 0.00 (4,436.25) 0.00 Purchase 02/14/2025 31846V203 14,805.00 FIRST AMER:GVT OBLG Y 1.000 (14,805.00) 0.00 (14,805.00) 0.00 Purchase 02/18/2025 31846V203 104,491.94 FIRST AMER:GVT OBLG Y 1.000 (104,491.94) 0.00 (104,491.94) 0.00 Purchase 02/18/2025 31846V203 2,002.00 FIRST AMER:GVT OBLG Y 1.000 (2,002.00) 0.00 (2,002.00) 0.00 Purchase 02/21/2025 31846V203 11,162.50 FIRST AMER:GVT OBLG Y 1.000 (11,162.50) 0.00 (11,162.50) 0.00 Purchase 02/21/2025 31846V203 19,155.42 FIRST AMER:GVT OBLG Y 1.000 (19,155.42) 0.00 (19,155.42) 0.00 Purchase 02/25/2025 31846V203 12,137.99 FIRST AMER:GVT OBLG Y 1.000 (12,137.99) 0.00 (12,137.99) 0.00 Purchase 02/26/2025 31846V203 30,312.50 FIRST AMER:GVT OBLG Y 1.000 (30,312.50) 0.00 (30,312.50) 0.00 Purchase 02/27/2025 31846V203 1,073,908.68 FIRST AMER:GVT OBLG Y 1.000 (1,073,908.68) 0.00 (1,073,908.68) 0.00 Purchase 02/28/2025 999WEL$14 6,722.47 Wells Fargo 1.000 0.00% (6,722.47) 0.00 (6,722.47) 0.00 Purchase 02/28/2025 90LAIF$00 5,000,000.00 Local Agency Investment Fund State Pool 1.000 4.32% (5,000,000.00) 0.00 (5,000,000.00) 0.00 Purchase 02/28/2025 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 100.000 4.51% (1,285,000.00) 0.00 (1,285,000.00) 0.00 Total Purchase 11,072,070.27 (11,071,928.06) 0.00 (11,071,928.06) 0.00 TOTAL
ACQUISITIONS 11,072,070.27 (11,071,928.06) 0.00 (11,071,928.06) 0.00

DISPOSITIONS
Sale 02/10/2025 31846V203 (6,364.15) FIRST AMER:GVT OBLG Y 1.000 6,364.15 0.00 6,364.15 0.00 Sale 02/10/2025 3130AMBG6 (1,600,000.00) FEDERAL HOME LOAN BANKS 0.75 04/29/2025 99.228 0.75% 1,587,648.00 (3,366.67) 1,591,014.67 (12,352.00) Sale 02/11/2025 31846V203 (794,975.51) FIRST AMER:GVT OBLG Y 1.000 794,975.51 0.00 794,975.51 0.00 Sale 02/12/2025 31846V203 (1,109,882.28) FIRST AMER:GVT OBLG Y 1.000 1,109,882.28 0.00 1,109,882.28 0.00 675
CONFIDENTIAL | 13
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Sale 02/27/2025 24422EWF2 (280,000.00) JOHN DEERE CAPITAL CORP 3.4 06/06/2025 99.682 3.41% 279,109.60 (2,142.00) 281,251.60 (884.58) Sale 02/27/2025 91324PEN8 (775,000.00) UNITEDHEALTH GROUP INC 5.15 10/15/2025 100.390 4.56% 778,022.50 (14,634.58) 792,657.08 366.23 Sale 02/28/2025 31846V203 (1,207,000.00) FIRST AMER:GVT OBLG Y 1.000 1,207,000.00 0.00 1,207,000.00 0.00 Sale 02/28/2025 999WEL$12 (29,104.00) Wells Fargo General 1.000 0.00% 29,104.00 0.00 29,104.00 0.00 Sale 02/28/2025 999WEL$15 (3,484,168.32) Wells Fargo 1.000 0.00% 3,484,168.32 0.00 3,484,168.32 0.00 Total Sale (9,286,494.26) 9,276,274.36 (20,143.25) 9,296,417.61 (12,870.36) TOTAL
DISPOSITIONS (9,286,494.26) 9,276,274.36 (20,143.25) 9,296,417.61 (12,870.36) OTHER

TRANSACTIONS
Cash Transfer 02/28/2025 CCYUSD 1,493,450.15 Cash 1,493,450.15 0.00 1,493,450.15 0.00 Total Cash
Transfer 1,493,450.15 1,493,450.15 0.00 1,493,450.15 0.00 Coupon 02/08/2025 037833EB2 0.00 APPLE INC 0.7
02/08/2026 0.70% 10,500.00 0.00 10,500.00 0.00
Coupon 02/13/2025 713448FQ6 0.00 PEPSICO INC 4.55
02/13/2026 4.57% 4,436.25 0.00 4,436.25 0.00
Coupon 02/14/2025 532457CQ9 0.00 ELI LILLY AND CO 4.2
08/14/2029 4.25% 14,805.00 0.00 14,805.00 0.00
Coupon 02/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 1,620.80 0.00 1,620.80 0.00
Coupon 02/15/2025 171239AL0 0.00 CHUBB INA HOLDINGS
LLC 4.65 08/15/2029 4.08% 31,484.38 0.00 31,484.38 0.00 Coupon 02/15/2025 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 2,002.00 0.00 2,002.00 0.00
Coupon 02/15/2025 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.87% 1,420.42 0.00 1,420.42 0.00
Coupon 02/15/2025 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 2,074.71 0.00 2,074.71 0.00
Coupon 02/15/2025 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.17% 4,558.00 0.00 4,558.00 0.00
676
CONFIDENTIAL | 14
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 02/15/2025 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2028 5.29% 4,598.04 0.00 4,598.04 0.00
Coupon 02/15/2025 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 1,149.50 0.00 1,149.50 0.00
Coupon 02/15/2025 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.81% 2,210.00 0.00 2,210.00 0.00
Coupon 02/18/2025 713448FL7 0.00 PEPSICO INC 3.6
02/18/2028 4.49% 27,000.00 0.00 27,000.00 0.00
Coupon 02/21/2025 43813YAC6 0.00 HAROT 2024-3 A3 4.57
03/21/2029 4.66% 2,399.25 0.00 2,399.25 0.00
Coupon 02/21/2025 907818GE2 0.00 UNION PACIFIC CORP

4.75 02/21/2026 4.77% 11,162.50 0.00 11,162.50 0.00
Coupon 02/21/2025 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 776.31 0.00 776.31 0.00
Coupon 02/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 1,559.25 0.00 1,559.25 0.00
Coupon 02/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 1,942.50 0.00 1,942.50 0.00
Coupon 02/25/2025 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.43% 58.36 0.00 58.36 0.00
Coupon 02/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 866.08 0.00 866.08 0.00
Coupon 02/26/2025 17275RBR2 0.00 CISCO SYSTEMS INC 4.85 02/26/2029 4.84% 30,312.50 0.00 30,312.50 0.00
Coupon 02/28/2025 91282CFJ5 0.00 UNITED STATES TREASURY

3.125 08/31/2029 4.10% 31,250.00 0.00 31,250.00 0.00
Coupon 02/28/2025 91282CKD2 0.00 UNITED STATES TREASURY

4.25 02/28/2029 4.18% 46,750.00 0.00 46,750.00 0.00
Total Coupon 0.00 234,935.85 0.00 234,935.85 0.00
Custody Fee 02/25/2025 CCYUSD (695.65) Cash (695.65) 0.00 (695.65) 0.00 Total Custody Fee (695.65) (695.65) 0.00 (695.65) 0.00
Dividend 02/28/2025 31846V203 0.00 FIRST AMER:GVT OBLG Y 1,449.31 0.00 1,449.31 0.00 Total Dividend 0.00 1,449.31 0.00 1,449.31 0.00
Management Fee 02/10/2025 CCYUSD (6,364.15) Cash (6,364.15) 0.00 (6,364.15) 0.00 677
CONFIDENTIAL | 15
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Total
Management Fee (6,364.15) (6,364.15) 0.00 (6,364.15) 0.00 Principal Paydown 02/15/2025 47800CAC0 28,376.09 JDOT 2023 A3 5.01 11/15/2027 3.39% 28,376.09 -- 28,376.09 (0.00)
Principal Paydown 02/21/2025 43815JAC7 14,420.61 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 14,420.61 -- 14,420.61 (0.00)
Principal Paydown 02/25/2025 05593AAC3 9,966.70 BMWLT 2023-1 A3 5.16 11/25/2025 5.43% 9,966.70 -- 9,966.70 (0.00)
Total Principal
Paydown 52,763.40 52,763.40 -- 52,763.40 (0.01)

TOTAL OTHER
TRANSACTIONS 1,539,153.75 1,775,538.91 0.00 1,775,538.91 (0.01) 678
CONFIDENTIAL | 16
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
232,694.79
475,568.93
2,875,347.80
(3,118,221.94)
232,694.79

0.00 1,420.85

0.00 1,420.85

0.00 0.00

0.00 1,420.85
1,420.85
999WEL$12 Wells Fargo General
74,538.00
103,642.00

0.00 (29,104.00)
74,538.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 999WEL$14 Wells Fargo
527,054.58
520,332.11
6,722.47

0.00 527,054.58

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 999WEL$15 Wells Fargo
20,149,973.96
23,634,142.28

0.00 (3,484,168.32)
20,149,973.96

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 CCYUSD Receivable
216,715.88
114,509.72

0.00 0.00
216,715.88

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 21,200,977.21
24,848,195.04
2,882,070.27
(6,631,494.26)
21,200,977.21

0.00 1,420.85

0.00 1,420.85

0.00 0.00

0.00 1,420.85 1,420.85

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
350,000.00
349,982.40

0.00 0.00
349,983.46
757.56
1,420.42
757.56
1,420.42

1.05 0.00

1.05 1,421.47
1,421.47
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028
09/12/2023
09/19/2023
1,055,000.00
1,054,965.80

0.00 0.00
1,054,966.52
2,452.29
4,598.04
2,452.29
4,598.04

0.72 0.00

0.72 4,598.76
4,598.76
679
CONFIDENTIAL | 17
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
037833EB2 APPLE INC 0.7 02/08/2026
02/08/2021
02/08/2021
3,000,000.00
2,999,944.99

0.00 0.00
2,999,949.13
10,091.67
10,500.00
1,341.67
1,750.00

4.14 0.00

4.14 1,754.14
1,754.14
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029
06/06/2024
06/13/2024
505,000.00
504,975.43

0.00 0.00
504,975.87
1,106.51
2,074.71
1,106.51
2,074.71

0.44 0.00

0.44 2,075.15
2,075.15
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
190,000.00
189,977.61

0.00 0.00
189,978.17
173.22
866.08
173.22
866.08

0.56 0.00

0.56 866.64
866.64
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025
02/07/2023
02/15/2023
3,604.60
13,571.21

0.00 (9,966.70)
3,604.58

11.67 58.36

3.10 49.79

0.07 0.00

0.07 49.86

49.86 06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,216,382.10

0.00 0.00
1,217,693.11
1,460.56

0.00 5,443.89
3,983.33
1,311.00

0.00 1,311.00
5,294.34
5,294.34
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027
03/30/2023
03/31/2023
1,000,000.00
995,043.15

0.00 0.00
995,188.48
17,886.11

0.00 21,802.78
3,916.67
145.33

0.00 145.33
4,062.00
4,062.00
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
450,000.00
449,940.98

0.00 0.00
449,942.10
388.50
1,942.50
388.50
1,942.50

1.11 0.00

1.11 1,943.61
1,943.61
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029
02/04/2025
02/12/2025
680,000.00

0.00 679,933.02

0.00 679,933.70

0.00 0.00
1,636.53
1,636.53

0.68 0.00

0.68 1,637.21
1,637.21
14913UAX8

CATERPILLAR FINANCIAL
SERVICES CORP 4.8
01/08/2030
01/06/2025
01/08/2025
960,000.00
958,171.55

0.00 0.00
958,199.96
2,944.00

0.00 6,784.00
3,840.00

28.41 0.00

28.41 3,868.41
3,868.41
680
CONFIDENTIAL | 18
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,787.39

0.00 0.00
1,059,791.89
2,430.93
4,558.00
2,430.93
4,558.00

4.50 0.00

4.50 4,562.50
4,562.50
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
09/26/2024
09/27/2024
1,250,000.00
1,278,497.79

0.00 0.00
1,278,006.75
29,223.96
31,484.38
2,583.33
4,843.76

0.00 (491.04)
(491.04)
4,352.72
4,352.72
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/27/2024
02/29/2024
1,250,000.00
1,250,527.47

0.00 0.00
1,250,517.32
26,102.43
30,312.50
842.01
5,052.08

0.00 (10.15)
(10.15)
5,041.93
5,041.93
24422EWF2 JOHN DEERE CAPITAL CORP

3.4 06/06/2025
06/01/2022
06/06/2022

0.00 279,992.66

0.00 (279,994.18)

0.00 1,454.44
2,142.00

0.00 687.56

1.53 0.00

1.53 689.08
689.08
24422EXD6 JOHN DEERE CAPITAL CORP

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,808.95

0.00 0.00
504,818.11
10,330.76

0.00 12,498.05
2,167.29

9.16 0.00

9.16 2,176.45
2,176.45
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,945,830.61

0.00 0.00
1,947,069.78
9,388.89

0.00 14,805.56
5,416.67
1,239.17

0.00 1,239.17
6,655.84
6,655.84
3130AMBG6 FEDERAL HOME LOAN BANKS

0.75 04/29/2025
05/04/2021
05/04/2021
3,400,000.00
5,000,000.00

0.00 (1,600,000.00)
3,400,000.00
9,583.33
3,366.67
8,641.67
2,425.00

0.00 0.00

0.00 2,425.00
2,425.00
3130ANA42 FEDERAL HOME LOAN BANKS

0.65 04/28/2025
07/28/2021
07/28/2021
4,000,000.00
4,000,000.00

0.00 0.00
4,000,000.00
216.67

0.00 2,383.33
2,166.67

0.00 0.00

0.00 2,166.67
2,166.67
3130ANDF4 FEDERAL HOME LOAN BANKS

0.9 07/29/2026
07/29/2021
07/29/2021
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
250.00

0.00 4,000.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
681
CONFIDENTIAL | 19
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130ATS57 FEDERAL HOME LOAN BANKS

4.5 03/10/2028
03/27/2023
03/28/2023
2,000,000.00
2,037,841.82

0.00 0.00
2,036,906.63
35,250.00

0.00 42,750.00
7,500.00

0.00 (935.19)
(935.19)
6,564.81
6,564.81
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
01/29/2024
01/30/2024
2,000,000.00
2,048,076.64

0.00 0.00
2,047,119.21
13,986.11

0.00 21,902.78
7,916.67

0.00 (957.43)
(957.43)
6,959.24
6,959.24
3133EPCF0

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/02/2026
03/27/2023
03/28/2023
2,000,000.00
2,009,824.22

0.00 0.00
2,009,126.06
37,250.00

0.00 44,750.00
7,500.00

0.00 (698.17)
(698.17)
6,801.83
6,801.83
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,026,782.06

0.00 0.00
2,025,997.65
33,055.56

0.00 40,347.22
7,291.67

0.00 (784.41)
(784.41)
6,507.25
6,507.25
3133EPQC2

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/17/2026
07/28/2023
07/31/2023
2,000,000.00
1,999,146.08

0.00 0.00
1,999,191.11
3,597.22

0.00 11,305.56
7,708.33

45.03 0.00

45.03 7,753.36
7,753.36
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00
2,103,616.31

0.00 0.00
2,103,550.94
25,214.58

0.00 33,527.08
8,312.50

0.00 (65.37)
(65.37)
8,247.13
8,247.13
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
10/28/2020
10/28/2020
8,500,000.00
8,500,000.00

0.00 0.00
8,500,000.00
13,175.00

0.00 17,425.00
4,250.00

0.00 0.00

0.00 4,250.00
4,250.00
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028
02/05/2025
02/12/2025
430,000.00

0.00 429,949.26

0.00 429,950.04

0.00 0.00
1,057.56
1,057.56

0.78 0.00

0.78 1,058.34
1,058.34
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
11/26/2024
11/27/2024
1,300,000.00
1,273,371.05

0.00 0.00
1,273,810.16
18,863.54

0.00 23,390.79
4,527.25
439.11

0.00 439.11
4,966.36
4,966.36
682
CONFIDENTIAL | 20
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/27/2024
06/28/2024
1,250,000.00
1,246,467.33

0.00 0.00
1,246,528.96
5,937.50

0.00 10,885.42
4,947.92

61.63 0.00

61.63 5,009.55
5,009.55
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
330,000.00
329,957.43

0.00 0.00
329,958.39
519.75
1,559.25
519.75
1,559.25

0.96 0.00

0.96 1,560.21
1,560.21
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
630,000.00
629,910.73

0.00 0.00
629,912.39
799.75
2,399.25
799.75
2,399.25

1.66 0.00

1.66 2,400.91
2,400.91
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029
02/04/2025
02/11/2025
795,000.00

0.00 794,975.51

0.00 794,975.77

0.00 0.00
2,018.42
2,018.42

0.26 0.00

0.26 2,018.68
2,018.68
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
170,414.91
184,817.20

0.00 (14,420.61)
170,398.60
258.77
776.31
238.58
756.12

2.01 0.00

2.01 758.13
758.13
44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
285,000.00
284,961.86

0.00 0.00
284,962.57
613.07
1,149.50
613.07
1,149.50

0.71 0.00

0.71 1,150.21
1,150.21
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
06/27/2023
07/06/2023
1,720,000.00
1,719,406.30

0.00 0.00
1,719,441.82
16,340.00

0.00 22,790.00
6,450.00

35.52 0.00

35.52 6,485.52
6,485.52
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,957,277.25

0.00 0.00
1,958,228.91
3,694.44

0.00 9,527.78
5,833.33
951.66

0.00 951.66
6,784.99
6,784.99
46647PBK1 JPMORGAN CHASE & CO

2.083 04/22/2026
05/31/2022
06/02/2022
1,250,000.00
1,245,221.02

0.00 0.00
1,246,893.66
7,160.31

0.00 9,330.10
2,169.79
1,672.64

0.00 1,672.64
3,842.43
3,842.43
683
CONFIDENTIAL | 21
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
510,000.00
509,913.43

0.00 0.00
509,915.05
1,178.67
2,210.00
1,178.67
2,210.00

1.61 0.00

1.61 2,211.61
2,211.61
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
359,840.30
388,174.55

0.00 (28,376.09)
359,802.58
864.43
1,620.80
801.24
1,557.62

4.13 0.00

4.13 1,561.74
1,561.74
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
705,000.00
703,600.64

0.00 0.00
703,624.31
13,735.75
14,805.00
1,398.25
2,467.50

23.68 0.00

23.68 2,491.18
2,491.18
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030
01/03/2025
01/10/2025
1,000,000.00
999,525.78

0.00 0.00
999,533.14
2,887.50

0.00 7,012.50
4,125.00

7.36 0.00

7.36 4,132.36
4,132.36
58933YBH7 MERCK & CO INC 4.05
05/17/2028
09/26/2024
09/27/2024
1,250,000.00
1,260,622.90

0.00 0.00
1,260,368.89
10,406.25

0.00 14,625.00
4,218.75

0.00 (254.01)
(254.01)
3,964.74
3,964.74
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030
01/02/2025
01/09/2025
820,000.00
818,332.08

0.00 0.00
818,357.98
2,455.44

0.00 5,803.78
3,348.33

25.90 0.00

25.90 3,374.24
3,374.24
61747YET8 MORGAN STANLEY 4.679
07/17/2026
12/28/2022
12/30/2022
775,000.00
773,105.07

0.00 0.00
773,424.69
1,410.20

0.00 4,432.05
3,021.85
319.63

0.00 319.63
3,341.48
3,341.48
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
10/20/2022
10/31/2022
495,000.00
494,835.84

0.00 0.00
494,852.80
6,819.31

0.00 9,067.44
2,248.13

16.96 0.00

16.96 2,265.09
2,265.09
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,541.93

0.00 0.00
829,549.18
5,939.11

0.00 9,120.78
3,181.67

7.25 0.00

7.25 3,188.92
3,188.92
684
CONFIDENTIAL | 22
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,195,615.05

0.00 0.00
1,195,699.15
153.33

0.00 4,753.33
4,600.00

84.10 0.00

84.10 4,684.10
4,684.10
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,463,038.90

0.00 0.00
1,463,969.58
24,450.00
27,000.00
1,950.00
4,500.00
930.68

0.00 930.68
5,430.68
5,430.68
713448FQ6 PEPSICO INC 4.55 02/13/2026
02/13/2023
02/15/2023
195,000.00
194,961.03

0.00 0.00
194,963.92
4,140.50
4,436.25
443.63
739.38

2.89 0.00

2.89 742.27
742.27
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
380,000.00
379,939.43

0.00 0.00
379,942.05
4,381.88

0.00 6,004.79
1,622.92

2.62 0.00

2.62 1,625.54
1,625.54
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028
03/30/2023
03/31/2023
1,000,000.00
998,763.87

0.00 0.00
998,796.07
2,586.11

0.00 6,669.44
4,083.33

32.20 0.00

32.20 4,115.53
4,115.53
857477CU5 STATE STREET CORP 4.536
02/28/2028
02/25/2025
02/28/2025
1,285,000.00

0.00 1,285,000.00

0.00 1,285,000.00

0.00 0.00
485.73
485.73

0.00 0.00

0.00 485.73
485.73
89236THP3 TOYOTA MOTOR CREDIT
CORP 0.8 10/16/2025
11/19/2020
11/19/2020
5,000,000.00
5,003,585.38

0.00 0.00
5,003,194.75
11,666.67

0.00 15,000.00
3,333.33

0.00 (390.63)
(390.63)
2,942.71
2,942.71
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026
02/13/2023
02/21/2023
470,000.00
469,891.03

0.00 0.00
469,898.96
9,922.22
11,162.50
620.14
1,860.42

7.92 0.00

7.92 1,868.34
1,868.34
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
12/28/2023
12/29/2023
2,000,000.00
1,949,642.77

0.00 0.00
1,950,662.29
13,466.85

0.00 18,301.11
4,834.25
1,019.52

0.00 1,019.52
5,853.78
5,853.78
685
CONFIDENTIAL | 23
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,993,544.04

0.00 0.00
2,993,842.33
8,942.31

0.00 10,961.54
2,019.23
298.30

0.00 298.30
2,317.53
2,317.53
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,919,626.77

0.00 0.00
1,920,972.73
26,588.40
31,250.00
169.84
4,831.44
1,345.96

0.00 1,345.96
6,177.40
6,177.40
91282CFL0 UNITED STATES TREASURY

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,178,976.87

0.00 0.00
2,179,322.72
29,041.21

0.00 35,598.90
6,557.69
345.86

0.00 345.86
6,903.55
6,903.55
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028 1,825,000.00
1,822,165.33

0.00 0.00
1,822,234.11
22,536.74

0.00 27,625.69
5,088.94
143.06
(74.28)

68.78 5,157.72
5,157.72
91282CJF9 UNITED STATES TREASURY

4.875 10/31/2028
05/28/2024
05/29/2024
2,200,000.00
2,222,552.22

0.00 0.00
2,222,090.62
27,553.18

0.00 35,848.76
8,295.58

0.00 (461.60)
(461.60)
7,833.99
7,833.99
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,205,476.30

0.00 0.00
2,205,373.25
39,776.24
46,750.00
254.08
7,227.83

0.00 (103.05)
(103.05)
7,124.78
7,124.78
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
05/28/2024
05/29/2024
2,200,000.00
2,166,608.00

0.00 0.00
2,167,223.53
30,914.84

0.00 37,895.60
6,980.77
615.52

0.00 615.52
7,596.29
7,596.29
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 2,000,000.00
2,038,214.64

0.00 0.00
2,037,523.87
23,763.81

0.00 30,918.51
7,154.70

0.00 (690.77)
(690.77)
6,463.92
6,463.92
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00
2,221,431.26

0.00 0.00
2,221,051.47
17,134.62

0.00 24,750.00
7,615.38

0.00 (379.79)
(379.79)
7,235.59
7,235.59
686
CONFIDENTIAL | 24
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
09/26/2024
09/27/2024
2,000,000.00
2,035,748.94

0.00 0.00
2,035,138.97
220.99

0.00 6,408.84
6,187.85

0.00 (609.98)
(609.98)
5,577.87
5,577.87
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,366,686.07

0.00 0.00
2,367,215.17
17,134.62

0.00 24,750.00
7,615.38
529.09

0.00 529.09
8,144.48
8,144.48
91324PEN8 UNITEDHEALTH GROUP INC

5.15 10/15/2025
12/28/2022
12/30/2022

0.00 777,956.55

0.00 (777,656.27)

0.00 11,752.01
14,634.58

0.00 2,882.57

0.00 (300.27)
(300.27)
2,582.29
2,582.29
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
971,990.50

0.00 0.00
972,533.62
1,888.89

0.00 5,430.56
3,541.67
543.12

0.00 543.12
4,084.79
4,084.79
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
560,000.00
559,921.36

0.00 0.00
559,922.64
1,067.73
2,002.00
1,067.73
2,002.00

1.28 0.00

1.28 2,003.28
2,003.28
Total Fixed Income 104,228,859.81
103,563,065.94
3,189,857.79
(2,710,413.86)
104,047,572.24
716,748.90
255,079.10
732,601.69
270,931.89
12,268.51
(7,206.14)
5,062.37
275,994.26 275,994.26
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 34,989,857.74
29,989,857.74
5,000,000.00

0.00 34,989,857.74

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total LAIF 34,989,857.74
29,989,857.74
5,000,000.00

0.00 34,989,857.74

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00
687
CONFIDENTIAL | 25
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
TOTAL PORTFOLIO 160,419,694.76
158,401,118.72
11,071,928.06
(9,341,908.12)
160,238,407.19
716,748.90
256,499.95
732,601.69
272,352.74
12,268.51
(7,206.14)
5,062.37
277,415.11 277,415.11
688
CONFIDENTIAL | 26
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MARCH 2025
03/03/2025 Coupon 3133EPCF0 0.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 45,000.00 45,000.00
03/03/2025 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 1,449.31 1,449.31 03/10/2025 Coupon 3130ATS57 0.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 45,000.00 45,000.00 03/10/2025 Coupon 24422EXD6 0.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 03/14/2025 Coupon 06368LAQ9 0.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 03/17/2025 Coupon 02582JJZ4 0.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 03/17/2025 Coupon 02582JKD1 0.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 03/17/2025 Coupon 05522RDJ4 0.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 03/17/2025 Coupon 161571HT4 0.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 03/17/2025 Coupon 3133EPDJ1 0.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
03/17/2025 Coupon 44934QAD3 0.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 03/17/2025 Coupon 47800CAC0 0.00 JDOT 2023 A3 5.01 11/15/2027 1,502.33 1,502.33 03/17/2025 Principal Paydown 47800CAC0 (17,579.94) JDOT 2023 A3 5.01 11/15/2027 17,579.94 17,579.94 03/17/2025 Coupon 47786WAD2 0.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 03/17/2025 Coupon 92970QAE5 0.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 03/20/2025 Coupon 36271VAD9 0.00 GMALT 2025-1 A3 4.66 02/21/2028 2,115.12 2,115.12 03/21/2025 Coupon 43815JAC7 0.00 HAROT 2023-1 A3 5.04 04/21/2027 715.74 715.74 03/21/2025 Principal Paydown 43815JAC7 (13,395.17) HAROT 2023-1 A3 5.04 04/21/2027 13,395.17 13,395.17 03/21/2025 Coupon 438123AC5 0.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 03/21/2025 Coupon 43813YAC6 0.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 03/21/2025 Coupon 43814VAC1 0.00 HAROT 2025-1 A3 4.57 09/21/2029 4,036.83 4,036.83 03/26/2025 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
03/31/2025 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 03/31/2025 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 03/31/2025 Coupon 91282CGT2 1,825,000.00 UNITED STATES TREASURY 3.625 03/31/2028 33,078.13 33,078.13 03/31/2025 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 March 2025 Total 32,424.42 361,961.56 394,385.99
APRIL 2025
689
CONFIDENTIAL | 27
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 04/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 04/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 04/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 04/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 04/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,788.18 2,788.18 04/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 04/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,455.87 1,455.87 04/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 23,178.18 23,178.18 04/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,997.50 1,997.50 04/15/2025 Dividend 90LAIF$00 34,989,857.74 Local Agency Investment Fund State Pool 215,266.57 215,266.57 04/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 04/16/2025 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 04/21/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 04/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 04/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 04/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 04/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 673.89 673.89 04/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 13,482.41 13,482.41 04/22/2025 Coupon 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 13,018.75 13,018.75 04/22/2025 Effective Maturity 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 1,250,000.00 1,250,000.00 04/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 827.43 827.43 04/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 11,713.55 11,713.55 04/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 04/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 04/28/2025 Coupon 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 6,500.00 6,500.00 04/28/2025 Final Maturity 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 4,000,000.00 4,000,000.00 04/28/2025 Coupon 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 24,150.00 24,150.00
04/29/2025 Coupon 3130AMBG6 2,400,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 9,000.00 9,000.00 04/29/2025 Final Maturity 3130AMBG6 2,400,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 2,400,000.00 2,400,000.00 690
CONFIDENTIAL | 28
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/30/2025 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
04/30/2025 Coupon 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 13,488.75 13,488.75
04/30/2025 Coupon 91282CJF9 2,200,000.00 UNITED STATES TREASURY 4.875 10/31/2028 53,625.00 53,625.00 04/30/2025 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 April 2025 Total 7,913,640.71 274,845.49 8,188,486.20
MAY 2025
05/12/2025 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 05/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 05/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 05/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 05/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 05/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 05/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 05/15/2025 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
05/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 05/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,359.10 1,359.10 05/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 22,658.61 22,658.61 05/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 05/15/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 05/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 05/19/2025 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 05/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 05/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 05/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 05/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 05/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 617.26 617.26 05/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 12,925.14 12,925.14 05/26/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 774.03 774.03 05/26/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 11,184.19 11,184.19 691
CONFIDENTIAL | 29
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/26/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 05/26/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 May 2025 Total 46,767.94 143,242.73 190,010.68
JUNE 2025
06/02/2025 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 06/02/2025 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 06/05/2025 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
06/09/2025 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 06/09/2025 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 06/16/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 06/16/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 06/16/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 06/16/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 06/16/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 06/16/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 06/16/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 06/16/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,264.50 1,264.50 06/16/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 20,391.67 20,391.67 06/16/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 06/16/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 06/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 06/23/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 06/23/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 06/23/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 06/23/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 562.98 562.98 06/23/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 12,640.49 12,640.49 06/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 723.05 723.05 06/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 10,983.82 10,983.82 06/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 06/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 06/25/2025 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 692
CONFIDENTIAL | 30
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount June 2025 Total 44,015.98 265,820.37 309,836.35
JULY 2025
07/08/2025 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
07/09/2025 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
07/10/2025 Coupon 57629TBV8 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 24,750.00 24,750.00
07/14/2025 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/14/2025 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 07/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 07/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 07/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 07/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 07/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 07/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,179.37 1,179.37 07/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 20,951.82 20,951.82 07/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 07/15/2025 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 07/17/2025 Coupon 3133EPQC2 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 07/17/2026 46,250.00 46,250.00
07/17/2025 Coupon 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 18,131.13 18,131.13 07/17/2025 Effective Maturity 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 775,000.00 775,000.00 07/21/2025 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 07/21/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 07/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 07/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 07/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 07/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 509.89 509.89 693
CONFIDENTIAL | 31
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 12,340.95 12,340.95 07/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 672.98 672.98 07/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 10,752.23 10,752.23 07/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 07/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 07/29/2025 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2025 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 July 2025 Total 819,045.00 364,865.70 1,183,910.70
AUGUST 2025
08/08/2025 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 08/13/2025 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 08/14/2025 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 08/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 08/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 08/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 08/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/15/2025 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 08/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 08/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 08/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 08/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,091.89 1,091.89 08/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 19,256.61 19,256.61 08/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 08/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 08/18/2025 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 08/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 08/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 13,014.84 13,014.84 08/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 08/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 08/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 458.06 458.06 694
CONFIDENTIAL | 32
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 11,964.25 11,964.25 08/21/2025 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 08/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 623.97 623.97 08/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 10,430.77 10,430.77 08/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 08/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 08/26/2025 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 08/28/2025 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 August 2025 Total 54,666.46 194,088.80 248,755.27
SEPTEMBER 2025
09/02/2025 Coupon 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 45,000.00 45,000.00
09/02/2025 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 09/02/2025 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 09/08/2025 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/10/2025 Coupon 3130ATS57 2,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 45,000.00 45,000.00 09/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 09/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 09/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 09/15/2025 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/15/2025 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 09/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 09/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 09/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 1,011.50 1,011.50 09/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 19,624.89 19,624.89 09/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 09/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 09/22/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 09/22/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,497.75 1,497.75 695
CONFIDENTIAL | 33
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/22/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 19,184.50 19,184.50 09/22/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 09/22/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 09/22/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 407.81 407.81 09/22/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 11,677.85 11,677.85 09/22/2025 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
09/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 576.42 576.42 09/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 10,216.24 10,216.24 09/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 09/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 09/26/2025 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/30/2025 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 09/30/2025 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 09/30/2025 Coupon 91282CGT2 1,825,000.00 UNITED STATES TREASURY 3.625 03/31/2028 33,078.13 33,078.13 09/30/2025 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 September 2025
Total 60,703.48 460,143.82 520,847.30
OCTOBER 2025
10/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 10/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 10/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 10/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 10/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 10/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 10/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 10/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 929.56 929.56 10/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 23,332.67 23,332.67 10/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 10/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 10/16/2025 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 696
CONFIDENTIAL | 34
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/16/2025 Final Maturity 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 5,000,000.00 5,000,000.00 10/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 10/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,407.11 1,407.11 10/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 18,417.17 18,417.17 10/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 10/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 10/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 358.76 358.76 10/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 11,244.65 11,244.65 10/27/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 529.86 529.86 10/27/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 9,479.41 9,479.41 10/27/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 10/27/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 10/28/2025 Coupon 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 24,150.00 24,150.00
10/28/2025 Final Maturity 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 8,050,000.00 8,050,000.00
10/30/2025 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
10/30/2025 Coupon 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 13,488.75 13,488.75
10/30/2025 Final Maturity 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 495,000.00 495,000.00
10/31/2025 Coupon 91282CJF9 2,200,000.00 UNITED STATES TREASURY 4.875 10/31/2028 53,625.00 53,625.00 10/31/2025 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 October 2025
Total 13,607,473.89 244,547.12 13,852,021.01
NOVEMBER 2025
11/10/2025 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 11/17/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 11/17/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 11/17/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 11/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 11/17/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 697
CONFIDENTIAL | 35
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/17/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 11/17/2025 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
11/17/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 11/17/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 832.15 832.15 11/17/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 27,281.69 27,281.69 11/17/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 11/17/2025 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 11/17/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/17/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 11/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 11/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,320.09 1,320.09 11/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 17,970.16 17,970.16 11/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 11/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 11/21/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 311.53 311.53 11/21/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 9,882.75 9,882.75 11/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 486.64 486.64 11/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 8,497.32 8,497.32 11/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 11/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 November 2025
Total 63,631.92 141,883.50 205,515.42
DECEMBER 2025
12/01/2025 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 12/01/2025 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 12/05/2025 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
12/08/2025 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/09/2025 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 12/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 698
CONFIDENTIAL | 36
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 12/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 12/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 12/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,534.71 2,534.71 12/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 12/15/2025 Coupon 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 718.25 718.25 12/15/2025 Principal Paydown 47800CAC0 342,260.37 JDOT 2023 A3 5.01 11/15/2027 18,241.92 18,241.92 12/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 12/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 12/22/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 12/22/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,235.18 1,235.18 12/22/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 17,065.53 17,065.53 12/22/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 12/22/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 12/22/2025 Coupon 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 270.02 270.02 12/22/2025 Principal Paydown 43815JAC7 157,019.74 HAROT 2023-1 A3 5.04 04/21/2027 9,435.88 9,435.88 12/25/2025 Coupon 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 447.91 447.91 12/25/2025 Principal Paydown 05592XAD2 179,348.33 BMWOT 2023-A A3 5.47 02/25/2028 8,078.32 8,078.32 12/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 12/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 12/26/2025 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 December 2025
Total 52,821.66 264,381.95 317,203.60
JANUARY 2026
01/08/2026 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
01/09/2026 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
01/12/2026 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/12/2026 Coupon 57629TBV8 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 24,750.00 24,750.00
01/12/2026 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 699
CONFIDENTIAL | 37
City of Orange Cons | Account #10897 | As of February 28, 2025 Execution Time: 03/26/2025 11:37:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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