IMPORTANT NOTICE REGARDING THIS MEETING: To protect our residents, officials, and staff, and in alignment with AB 361 and Orinda City Council Resolution No. 42-21, in which certain teleconference requirements of the Brown Act have been suspended, including the requirement to provide a physical location for members of the public to participate in the meeting, this meeting will be held by Teleconference.
BY
TELECONFERENCE
VIA
ZOOM WEBINAR
By PC:
MEETING URL:
https://tinyurl.com/ncusvn4h
MEETING ID: 924 9319 5201
By Telephone:
+1 669-900-9128
MEETING ID: 924 9319 5201
CITY COUNCIL
AGENDA
Tuesday, March 15, 2022
7:00 PM - REGULAR MEETING
City Council
Agenda Page 1 03.15.22
How to follow or participate in the meeting:
Members of the public may observe and participate in the meeting at the teleconference location highlighted above. To ensure that the City Council receives your comments, we strongly encourage you to submit your comments in writing in advance of the meeting by following instructions below:
Send your e-mail to [email protected] by 3pm on the day of the meeting.
Those e-mails will be forwarded to the City Council. They will also be made a part of the public record and be available to view upon request by contacting the City Clerk at [email protected] or 925-253-4221. In addition, they will be available electronically by 5pm on the day of the meeting by selecting the date of the meeting in this Box link:
https://cityoforinda.box.com/s/aqrelwbwv0wc37m5hkju2o8a0sta7bup Comments may also be submitted by e-mail during the meeting up until the closure of public comment period on the relevant agenda item. These will be read into the record by staff at their normal cadence and will be limited to a maximum of 3 minutes. To be read into the record, e-mail must contain in the subject line “Public Forum – Not on the Agenda” or “Public Comment – Agenda Item #” with the relevant agenda item indicated.
City Council
Agenda Page 2 03.15.22
To comment orally in real time during the meeting, you may use the Zoom “raise your hand” function on your computer screen or the *9 function on your phone. 7:00 PM - REGULAR SESSION
A. CALL TO ORDER / ROLL CALL
Councilmembers: Darlene Gee, Nick Kosla, Amy Worth
Vice Mayor Inga Miller, Mayor Dennis Fay
B. PLEDGE OF ALLEGIANCE
C. ADOPTION OF AGENDA
The City Council may take action on any item listed on the agenda.
D. ITEMS FOR THE GOOD OF THE CITY
D.1. Proclamation Declaring March, 2022 as American Red Cross Month in Orinda
D.2. Proclamation Declaring March 2022 as Prescription Drug Abuse Awareness Month in Orinda
D.3. Recognize American Public Works Association Award for the Orinda Way Project
D.4. Orinda Communication Effort Update, Jennifer Fitzgerald, Director, Tripepi Smith
E. PUBLIC FORUM
The public forum provides an opportunity for members of the public to speak on any item within the jurisdiction of the City Council that is not on the agenda.
Additionally, a speaker has the option of addressing the Council on an item listed on the agenda, if the speaker will not be present when that agenda item is taken up. When an item is not listed on the agenda, State law prohibits Council discussion or action. Councilmembers may only “briefly respond” to statements made and questions posed. For example, State law allows Councilmembers to ask questions for clarification and provide a reference to staff or other resources for factual information. Additionally, consistent with the “Matters Initiated” rule contained in its Policies and Procedures Manual, the Council may also direct staff to report back and/or place a matter on a future agenda for discussion.
F. CONSENT CALENDAR
F.1. City Council Minutes
Recommendation:
City Council
Agenda Page 3 03.15.22
Approve City Council Minutes:
1. March 1, 2022 Closed Session
2. March 1, 2022 Regular Meeting
F.2. Quarterly Investment Report For Period Ending December 31, 2021 Recommendation:
Staff recommends that the City Council accept the Quarterly Investment Report for the period ending December 31, 2021.
F.3. Authorization For Continued Use of Remote Teleconference for City Meetings
Recommendation:
Approve the Ratification of Orinda City Council Resolution No. 42-21 and Authorize the Continued Use of Teleconference Meetings for the Period of March 16, 2022 to April 15, 2022 Pursuant to the Provisions of Assembly Bill 361.
F.4. Consider Adoption of a Revised Schedule of Hourly Pay Rates for Temporary, Seasonal and Project Positions to address minimum wage rate increases and establish a reasonable wage range Recommendation:
It is recommended that the City Council adopt Resolution 10-22 approving the revised Hourly Pay Rates for Temporary, Seasonal and Project Positions.
F.5. Accept Work for the Wilder Fields 1 & 2 Turf Replacement Project #4013, and Authorize the City Clerk to sign and file a Notice of Completion with the Contra Costa County Clerk-Recorder
Recommendation:
Staff recommends that the City Council adopt Resolution No. 08-22 to accept work for the Wilder Fields 1 & 2 Turf Replacement Project #4013 performed under contract with Valley Precision Grading, Inc. and authorize the City Clerk to sign and file the Notice of Completion for the contract with the Contra Costa County Clerk-Recorder.
F.6. General Plan Safety Element Update – Authorize Contract Amendment No. 1 to Professional Planning Services Contract with PlaceWorks, Inc. for the Update of the General Plan Housing Element and Safety Element to Allow for Additional Evacuation Route Analysis in Safety Element
Recommendation:
Staff recommends that the City Council: authorize the City Manager and City Clerk to execute Contract Amendment No. 1 with PlaceWorks, Inc., subject to approval as to form by the City Attorney. The funding for this amendment was approved by the Council as part of the mid-year budget update on March 1, 2022.
F.7. Subdivision Improvement Agreement Extension for J&J Ranch Subdivision 9271
City Council
Agenda Page 4 03.15.22
Recommendation:
Staff recommends adoption of Resolution 07-22 to extend the time by which J&J Ranch, LLC must complete all required improvements in the J&J Ranch Subdivision to April 18, 2023.
G. PUBLIC HEARING
H. POLICY MATTERS
H.1. Possible Participation in the Cleaner Contra Costa Challenge Recommendation:
Receive Report, Discuss, and Provide Direction, if any
I. COUNCILMEMBERS' REPORTS
J. CITY MANAGER'S REPORT
K. MATTERS INITIATED
L. ADJOURNMENT
L.1. Adjourn in Support of Those Resisting the Russian Invasion of Ukraine and in Memory of Those Who Have Already Lost Their Lives.
The next Special Meeting of the Orinda City Council will be held on Wednesday, March 16, 2022 at 5:00 PM.
Please visit the City’s website at www.cityoforinda.org to view the City Council Calendar.
I, Sheri Marie Smith, City Clerk, declare under penalty of perjury under the laws of the State of California that this regular meeting agenda has been posted at least 72 hours in advance at the Orinda City Hall, 22 Orinda Way and the Orinda Library, 26 Orinda Way.
Additional copies are available at the Orinda Library, 26 Orinda Way, and at the City’s website at www.cityoforinda.org
~ Notice ~
There is a 90-day limit for the filing of a challenge in the Superior Court to certain City administrative decisions and orders, which require a hearing by law, the receipt of evidence and the exercise of discretion. The 90-day limit begins on the date the decision is final (Code of Civil Procedure §1094.6). Further, if you challenge an action taken by the City Council in court, you may be limited by California law, including but not limited to Government Code §65009, to raising only those issues you or someone else raised in the public hearing, or in written correspondence delivered to the City Council prior to or at the public hearing. The City Council may be requested to reconsider a decision if the request is made prior to the next City Council meeting, regardless of whether it is a regular or special meeting. For information on the next regular or special City Council
Agenda Page 5 03.15.22
City Council meeting, please call 925.253.4221 or visit the website at www.cityoforinda.org.
~ Accessible Public Meetings ~
The City of Orinda will provide special assistance for disabled citizens to participate in public meetings upon advance notice. If you need auxiliary hearing aid or sign language assistance at least two (2) working days advanced notice is necessary.
Please contact the City Clerk’s Office, 22 Orinda Way, Orinda, Ca 94563 or 925.253.4221 or [email protected] with the following information: name, mailing address, phone number and type of assistance requested.
D.1
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Communication: Proclamation Declaring March, 2022 as American Red Cross Month in Orinda (ITEMS FOR THE GOOD OF THE CITY) D.2
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Communication: Proclamation Declaring March 2022 as Prescription Drug Abuse Awareness Month in Orinda (ITEMS FOR THE GOOD OF THE D.2
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Communication: Proclamation Declaring March 2022 as Prescription Drug Abuse Awareness Month in Orinda (ITEMS FOR THE GOOD OF THE City of Orinda
Communication Partnership Update
March 15, 2022
D.4
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Communication: Orinda Communication Effort Update,
About Tripepi Smith
D.4
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Communication: Orinda Communication Effort Update,
D.4
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Communication: Orinda Communication Effort Update,
Our Team
D.4
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Communication: Orinda Communication Effort Update,
• Strategic Messaging
• Crisis Management
• Communication Assessments
• Graphic Design
• Brand Development
• Publications
• Photography & Videography
• Social Media
• Email Campaigns
• Digital Advertising
• Web Development & Analytics
• Video Production
A Single Stop for Communication
D.4
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Communication: Orinda Communication Effort Update,
Some of Our Clients
D.4
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Communication: Orinda Communication Effort Update,
Orinda Communication
D.4
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Communication: Orinda Communication Effort Update,
Our Scope of Work
• Strategic Communication Plan
• Platform Review
• Social Media Policy
• Content Planning
• Articles / News Releases
• Social Media Management
• Media Monitoring
• Monthly Dashboard Metrics
Report
• Quarterly Communications
Calendar Planning
• Website Review and Trainings
• Graphic Design
• Check-In Calls
• Department Head meetings
D.4
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Communication: Orinda Communication Effort Update,
Communications Priorities
“The City of Orinda will engage with the public via digital and traditional mediums in an accurate, timely, and transparent manner that promotes a safe, healthy, and vibrant
community. Utilizing Measure R funding, the City will
specifically communicate on a regular basis regarding
wildfire prevention and mitigation, as well as storm drain and road improvements. Plan Orinda is a major city initiative to be incorporated into the 2022 communications calendar, as well.
D.4
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Communication: Orinda Communication Effort Update,
Fixed Scope Projects
D.4
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Communication: Orinda Communication Effort Update,
Platforms Review
A complete audit of the City’s communication methods, coupled with our recommendations.
Key Findings • Local penetration the highest with Nextdoor, followed by Twitter • Comprehensive detailing of internal communication processes • Key demographics information on residents to maximize audiences Recommendations • Establish a cross
-departmental communication planning process
• Regularly analyze available metrics • Optimize social media strategy through goals and objectives • Establish social media policy • Provide staff with training on digital communication tactics • Develop brand style guide, stock photo library D.4
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Communication: Orinda Communication Effort Update,
Social Media Policy
Completion of differentiated internal and external social media policies to ensure legal compliance and enable confidence in communication.
Section Highlights • Purpose and pertinent definitions • Guidelines for public engagement • Staff authority • Staff responsibility regarding public comments • Assumption of Liability • Disclosures • Public Records D.4
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Communication: Orinda Communication Effort Update,
Strategic Communication Plan
A written plan outlining Orinda’s communication objectives and goals, including tactics to fuel strategies.
City’s Communication Objectives: To engage with the public via digital and traditional mediums in an accurate, timely, and transparent manner that promotes a safe, healthy and vibrant community.
Sections Included:
• Goals and Strategic Priorities
• Audience
• Internal and External Staff Resources
• Communications Toolset
• Social Media Best Practices
• Measuring Metrics of Success
• Publications Management
• Themes and Outreach Campaigns
• 2022 Communication Calendar
D.4
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Communication: Orinda Communication Effort Update,
Communication Calendar
Key Initiatives
• Development of comprehensive quarterly communication
calendar for 2022 (Fig. 1)
• GANTT chart for calendar tracking (Fig. 2)
• Restoration of social media platforms
• Website revisions
• Website functionality training
• Weekly training for social media content creation & platform maintenance
• Target audience expansion across platforms
• Primary focus - Measure R
• Secondary focus - Plan Orinda & General Support
Fig. 1
Fig 2.
D.4
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Communication: Orinda Communication Effort Update,
Household Readiness / Home Hardening
D.4
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Communication: Orinda Communication Effort Update,
Trim
- Stack –Chip Month
D.4
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Communication: Orinda Communication Effort Update,
Platform Roll Out
Campaign Details
• Posted graphic and copy to Facebook, Instagram, and Twitter • Hot topic on City website homepage
• Orinda Outlook highlight
• Boosted post on Facebook from Feb 3-8
• Ad spend of $50 for 5 days at $10/day
• Reach: 1,186
• +114% in Facebook followers from Dec-Feb
• Increase in followers across all platforms
Introduce City’s new Facebook page, Instagram and Twitter; grow audience, broaden reach, launch a new Orinda City
communication attitude: proactive - interactive - compelling.
D.4
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Communication: Orinda Communication Effort Update,
Plan Orinda
Campaign Details
• 500-word editorial placed in local newspaper
• Three 200-word articles for Orinda Outlook
• 13 social media posts, disseminated across four
platforms
• Clear calls-to-action through Plan Orinda website
Educate the Orinda public and garner
engagement around Plan Orinda and its
included elements. Introduce the Balancing
Act tool and motivate engagement.
D.4
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Communication: Orinda Communication Effort Update,
2022 Activity Forecast
Tripepi Smith continues to support City staff in fulfillment of Orinda’s Mission Statement: to provide excellent service in a fiscally responsible manner and to promote a safe, healthy and vibrant community.
• Comprehensive communications campaigns to support wildfire safety (Fig. 1) • Website redesign
• FY 2022-23 Communications Calendar
• Expanding in-house skill sets
Fig. 1 Orinda GANTT Chart
D.4
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Communication: Orinda Communication Effort Update,
Results – Monthly Dashboard Report
D.4
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Communication: Orinda Communication Effort Update,
Results
D.4
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Communication: Orinda Communication Effort Update,
Questions?
www.TripepiSmith.com
D.4
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Communication: Orinda Communication Effort Update,
AGENDA TITLE: City Council Minutes
RECOMMENDATION:
Approve City Council Minutes:
1. March 1, 2022 Closed Session
2. March 1, 2022 Regular Meeting
ATTACHMENTS:
A. City Council Closed Session Minutes of March 1, 2022 B. City Council Meeting Minutes of March 1, 2022
Respectfully Submitted by:
Sheri Smith
City Clerk
Prepared By: Sheri Smith, City Clerk
Approved by:
F.1
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MARCH 1, 2022
CITY OF ORINDA
CITY COUNCIL CLOSED SESSION MINUTES
6:00 PM - SPECIAL MEETING
A. CALL TO ORDER/ ROLL CALL
Mayor Fay called the meeting to order at 6:00 p.m. City Manager Biggs called the roll and noted that all Councilmembers were present.
B. OPEN SESSION IDENTIFICATION OF CLOSED SESSION MATTERS Mayor Fay identified the Closed Session Matter.
C. PUBLIC COMMENTS REGARDING CLOSED SESSION MATTERS
There were no members of the public wishing to speak.
D. CLOSED SESSION
1. CONFERENCE WITH LABOR NEGOTIATORS
Pursuant to Government Code Section 54957.6 Conference With Labor Negotiators - City Negotiators: David Biggs, City Manager; Douglas Alessio, Administrative Services Director; Gregory Ramirez, IEDA; Chuck Flesher, IEDA; and Ginger Staton, Human Resources Manager relative to the following employee groups:
a. Teamsters Local Union No. 856
b. Unrepresented Employee Group
E. OPEN SESSION REPORT REGARDING CLOSED SESSION
At the 7pm City Council Meeting, Mayor Fay announced that there was no reportable action taken.
F. ADJOURNMENT
The meeting adjourned at approximately 7:00 P.M.
_______________________
Sheri Marie Smith, City Clerk
F.1.a
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Attachment: City Council Closed Session Minutes of March 1, 2022 (2708 : City Council Minutes) Orinda City Council Minutes Page 1 of 6 03.01.22
March 1 2022
CITY OF ORINDA
CITY COUNCIL MINUTES
Note: Written communications received from the public prior to the start of this meeting can be viewed at: http://orindaca.iqm2.com/Citizens/Detail_Meeting.aspx?ID=2087. They are also kept in the City Clerk’s Office as part of the public record and available upon request.
7:00 P.M. – REGULAR MEETING– BY TELECONFERENCE
A. CALL TO ORDER / ROLL CALL:
Mayor Fay called the Regular Meeting to order at approximately 7:00 p.m.
COUNCILMEMBERS PRESENT: Darlene Gee, Nick Kosla, Amy Worth Vice Mayor Inga Miller, Mayor Dennis Fay
COUNCILMEMBERS ABSENT: None
B. PLEDGE OF ALLEGIANCE – Led by Councilmember Kosla.
C. ADOPTION OF AGENDA
City Manager Biggs stated there were recommended changes to the minutes as requested by Mayor Fay which is in the supplemental package.
Mayor Fay opened the Public Forum.
MOTION by Councilmember Gee and seconded by Councilmember Miller to adopt the agenda. Said motion carried by unanimous (5-0) roll call vote.
D. ITEMS FOR THE GOOD OF THE CITY
D.1. Presentation and Update by East Bay Municipal Utilities District on upcoming Briones Trench Soils Removal Project
Marguerite Young, EBMUD Board, District 3 member introduced the presentation and said EBMUD is hopeful it will give the Council some insight into the work to incorporate the lessons learned from their last Briones Trench Soils Removal project. She announced EBMUD’s water treatment plant tour on March 24th and invitations will go out this week.
She turned over the presentation to Casey Leblanc, Senior Engineer, Operations and Maintenance who is overseeing how the District manages all of its trench soils work. Mike Ambrose, David Ringstrom, and Katherine Horn are also present to answer any questions.
F.1.b
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Attachment: City Council Meeting Minutes of March 1, 2022 (2708 : City Council Minutes) Orinda City Council Minutes Page 2 of 6 03.01.22
Casey Leblanc, Senior Engineer, EBMUD, gave a PowerPoint presentation and overview of the upcoming Briones Trench Soils Removal project.
Councilmember Kosla referred to a number of people who have complained about the intersection of Manzanita and Camino Pablo two intersection signals which are not synced correctly. He asked if EBMUD was aware of this and what is proposed to be done to make the intersection safer. He asked to connect with staff on this to resolve it.
Mayor Fay asked and confirmed that the project only involves removal of soils from the site.
Mayor Fay opened the Public Forum.
Sandy Gross referred to the project 4 years ago and what occurred, cited traffic and safety concerns, asked for additional enforcement along the impacted roads from the project, and confirmed the District will be contributing to soils for the Oyster Bay Regional Shoreline Park.
Councilmembers asked that the District work with staff and the community on truck traffic and pedestrian and vehicle safety concerns, thanked EBMUD for the recognition of impacts from the last project involving soils removal work, for identifying sites in the EBRPD where soils can be utilized, and thanked Director Young and EBMUD staff for their presentation.
E. PUBLIC FORUM
Caitlin Roach, President of the Miramonte Climate Action Club, requested the City consider participating in a program run by Sustainable Contra Costa called The Cleaner Contra Costa Challenge. More information can be found at www.cleanercontracosta.org, and described the statistics and success of the program with the Town of Moraga and 8 other communities.
Mayor Fay voiced support to consider this program and asked that staff work with the club for a future presentation.
MOTION by Mayor Fay and seconded by Councilmember Worth to initiate a Matters Initiated to direct staff to return with a presentation regarding the Cleaner Contra Costa Challenge for consideration by the Council. Said motion carried by unanimous (5-0) roll call vote.
F. CONSENT CALENDAR
Mayor Fay asked and confirmed there were no requests for removal of items or public comments.
F.1. City Council Minutes
F.1.b
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Attachment: City Council Meeting Minutes of March 1, 2022 (2708 : City Council Minutes) Orinda City Council Minutes Page 3 of 6 03.01.22
Recommendation:
Approve City Council Minutes:
1. February 15, 2022
F.2. Monthly Report of Receipts and Disbursements for the Period December 1, 2021 through December 31, 2021 and Summary of Revenue, Expenditures, and Preliminary Fund Balances for July 1, 2021 through December 31, 2021
Recommendation:
Staff recommends that the City Council receive and file this report of receipts, disbursements, and preliminary fund balances for the month of December 2021.
F.3. Monthly Report of Receipts and Disbursements for the Period January 1, 2022 through January 31, 2022 and Summary of Revenue, Expenditures, and Preliminary Fund Balances for July 1, 2021 through January 31, 2022
Recommendation:
Staff recommends that the City Council receive and file this report of receipts, disbursements, and preliminary fund balances for the month of January 2022.
F.4. Authorization For Continued Use of Remote Teleconference for City Meetings
Recommendation:
Approve the Ratification of Orinda City Council Resolution No. 42-21 and Authorize the Continued Use of Teleconference Meetings for the Period of March 2, 2022 to March 31, 2022 Pursuant to the Provisions of Assembly Bill 361.
F.5. Establishing the Rate per Equivalent Runoff Unit (ERU) for Fiscal Year 2022/2023 and requesting the Contra Costa County Flood Control and Water Conservation District to Adopt an Annual Parcel Assessment for Drainage Maintenance and the National Pollutant Discharge Elimination System (NPDES) Program
Recommendation:
Staff recommends adoption of Resolution No. 09-22, establishing the Equivalent Runoff Unit (ERU) for Fiscal Year 2022-2023 for the National Pollutant Discharge Elimination System (NPDES) Program at the same rate as was levied in the current year.
MOTION by Vice Mayor Miller and seconded by Councilmember Kosla to approve Consent Calendar Items F.1.1, F.2, F.3, F.4, and F5. Said motion carried by unanimous (5-0) roll call vote.
G. PUBLIC HEARING – None.
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Attachment: City Council Meeting Minutes of March 1, 2022 (2708 : City Council Minutes) Orinda City Council Minutes Page 4 of 6 03.01.22
H. POLICY MATTERS
H.1. Mid-Year Budget Adjustments Including 2nd Quarter General Fund Report Fiscal Year 2021-2022 (July 2021 - December 2021) Recommendation:
Receive the report and :1) Authorize Staff to record the Budget adjustments as described in Attachment E General Fund Budget Adjustment and Attachment F Other (Non-General Fund) And Transfers Budget Adjustment.
City Manager David Biggs introduced the item and turned over the presentation to Doug Alessio, Director of Finance.
Doug Alessio, Director of Finance, gave the staff report and comprehensive overview of the monthly report of receipts and disbursements for the period January 1, 2022 through January 31, 2022 and summary of revenue, expenditures and preliminary fund balances for July 1, 2021 through January 31, 2022.
Mr. Biggs briefly described the OPEB Trust and benefits which takes money set aside for employee benefits being applied to employee benefits in the future.
Mr. Alessio then provided background, State Code references to City financial reporting, payments made, report of revenue/expenditure and fund balances as of January 31, 2022, and proposed adjustments which have to do with the following:
ARPA requirements and final rules;
Implementation of a records management system over multiple years; Use of federal award monies for three stormwater infrastructure projects; and Programming $80,000 of Measure R monies to undertake a more enhanced evacuation analysis given new State law AB 747 to be done in conjunction with the Safety Element
He concluded the presentation and described upcoming financial challenges as general economic impacts from the pandemic and other national global events, inflation and interest rates, filling key management vacancies, and adapting to changes in the workforce and labor market.
Mayor Fay referred to packet page 59 regarding collection from Measure R at $1,095,000 and he believed the estimate for the entire year was $2.85 million. He asked to describe this discrepancy. He then referred to the pie chart for contract services at 31%, and he asked and confirmed this is predominantly police contract services. Regarding the SSTOC’s work of possible uses of Measure R monies for wildfire. He asked if a placeholder needs to be set aside or at such time would the Council consider a budget adjustment.
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Attachment: City Council Meeting Minutes of March 1, 2022 (2708 : City Council Minutes) Orinda City Council Minutes Page 5 of 6 03.01.22
Mr. Alessio addressed Mayor Fay’s first question and explained that revenues do not come in evenly and monies collected in the first couple of months were part of last year’s income stream.
Regarding Measure R monies for wildfires, Mr. Biggs explained there is money budgeted for some of these activities, and all monies may not be expended. Staff will be reviewing this in more detail with the SSTOC at their meeting on March 9th.
Mr. Biggs added that it has always been very important to the City Council that costs for the City Attorney are very much in line or trending just under at this time. The City Attorney is cognizant of making the best use of her time as well as controlling legal costs. He noted the legal budget has not been reduced because he has asked the City Attorney to work on code amendments, along with staff, as well as other items to comply with State law. Additionally, other potential impacts could be the City Attorney’s work on the Housing Element, Safety Element, and Downtown Precise Plan.
Mayor Fay opened the Public Forum, and there were no speakers.
Councilmembers thanked Mr. Alessio for his thorough mid-year budget presentation, voiced support of use of federal relief monies and transfer of remaining funds into the OPEB Trust, Measure R and evacuation monies, and moving forward with IT improvements.
MOTION by Councilmember Kosla and seconded by Councilmember Gee to authorize staff to record the Budget adjustments as described in Attachment E General Fund Budget Adjustment and Attachment F Other (Non-General Fund) and Transfers Budget Adjustment. Said motion carried by unanimous (5-0) roll call vote.
I. COUNCILMEMBERS’ REPORTS – Councilmember Kosla recommended Councilmembers attend the EBMUD tour. Councilmember Worth thanked staff for their engagement in the City’s regional transportation discussions, regional policies, and investments for the City.
Mayor Fay announced next week, MOFD will hold a meeting on March 8th and March 10th at 7 PM which is a Town Hall meeting regarding preparing for wildland fire season and designating very high fire severity zones.
J. CITY MANAGER’S REPORT – City Manager Biggs reported that March is Trim Back Chip Month and he spoke about reminders to residents about fuel reduction, chipper availability, and while they encourage people to do this in groups of three they also schedule appointments.
He also reported on upcoming regular and special Council meetings on March 15, 16 (joint meeting with the Fire Board at 6 PM), March 21st (annual joint Lamorinda council meeting), March 23rd (SSTOC Annual Report meeting) F.1.b
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Attachment: City Council Meeting Minutes of March 1, 2022 (2708 : City Council Minutes) Orinda City Council Minutes Page 6 of 6 03.01.22
K. MATTERS INITIATED – Mayor Fay stated he briefly reviewed the issue of Community Choice Aggregation. When the Council had previously discussed this, there have been some changes and rates seem to be lower than PG&E. PG&E has also closed the eligibility for people to enroll in their solar program for generation. Therefore, he requested the Council ask the City Manager to provide a report on this issue to see if anything has changed enough for the Council to consider a different action than was taken 5 years ago.
Mr. Biggs said staff could bring back a report and decide whether this would be something to revisit.
Councilmember Gee indicated she would abstain under any circumstances due to her husband being retired from PG&E and she derives income from PG&E.
Councilmembers asked and confirmed the request is completely different from the earlier Matters Initiated regarding the student’s grassroots efforts regarding addressing climate change.
MOTION by Mayor Fay and seconded by Councilmember Kosla to initiate a Matters Initiated for staff to bring back a report on Community Choice Aggregate. Said motion carried by (4-0-1) roll call vote (Gee abstained).
L. ADJOURNMENT
L.1. Close in Memory of Mike Evanhoe and Honoring and his Contributions to Bay Area Transportation.
The Regular Meeting was adjourned in memory of Mike Evanhoe and honoring his contributions to Bay Area Transportation at approximately 8:25 p.m. to the next Regular Meeting on Tuesday, March 15, 2022, at 7:00 p.m.
______________________________________
Sheri Marie Smith, City Clerk
F.1.b
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Attachment: City Council Meeting Minutes of March 1, 2022 (2708 : City Council Minutes) City Council
Staff Report
Agenda Item: F.2
Date: March 15, 2022
Department: City Council
AGENDA TITLE: Quarterly Investment Report For Period Ending December 31, 2021 RECOMMENDATION:
Staff recommends that the City Council accept the Quarterly Investment Report for the period ending December 31, 2021.
BACKGROUND:
The adopted City Investment policy provides that the City Treasurer will submit a report of the City's investments to the Council on a quarterly basis. The policy specifies the information that is to be reported. This report covers the period from October 1, 2021 through December 31, 2021.
The City of Orinda uses Chandler Asset Management (Chandler), an independent fiduciary advisor, to manage a portion of its portfolio. The funds under management by Chandler are managed as a General Reserve. The City also uses the Local Agency Investment Fund (LAIF) which is a pooled investment managed by the State Treasurer. On a quarterly basis, Chandler prepares a report which includes City initiated transactions and balances in the City’s LAIF account. Although the LAIF funds are not managed by Chandler, including this data makes it possible to present all of the quarterly investment data in a single consolidated report.
Quarterly Report Prepared By Chandler Asset Management
The December 31, 2021 report prepared by Chandler (Attachment A) contains the following components:
1) Economic Update - provides general economic background on key indicators that may impact the investment results. This information is useful background in evaluating the performance of the portfolio as well as expected trends. (Attachment A pages 2-13).
2) Account Profile - describes the objectives and strategy used for the portfolio, compliance with the adopted investment policy, and key data related to the issuers included in the combined portfolio. This section breaks down the consolidated portfolio to provide key performance data for each sub-account: General Reserve; and LAIF. (Attachment A pages 14-27) Page 16 is a table showing compliance status - General Portfolio.
3) Consolidated Information - combined portfolio characteristics for all of the subaccounts that are described in Section 1 above (General Reserve and LAIF). (Attachment A pages 28-30)
4) Portfolio Holdings - provides a detail for each security held in the portfolio including; F.2
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purchase date, maturity date, market value, and rating. The section presents the holdings grouped by each sub-account (General Reserve and LAIF). (Attachment A pages 31-38)
5) Transactions - shows all purchases, sale of holdings and maturities for each month in the quarter. (Attachment A pages 39-42)
DISCUSSION:
All of the funds in the report are in compliance with the City’s Investment Policy and the Government Code in terms of allowed investments. The comparison information provided below is based on the original cost of investments. As shown below, the City had approximately $34.2 million invested as of December 31, 2021 and it was divided between investments in the State Treasurer Local Agency Investment Fund (LAIF) and funds managed by Chandler investments.
The following table provides a comparison of balances at September 30, 2021 and December 31, 2021.
As shown above there was an increase of approximately $4.3 million from the previous quarter.
It is appropriate to keep in mind that the portfolio reflects all types of funds and is not limited to the General Fund. The City operates with a system of pooled cash which includes Restricted Funds, Debt Service Funds, Capital Project Funds, as well as General Fund. In the most recent quarter ending September 30th the City had significant expenditures for the semi-annual General Obligation Bond Debt Service ($1.9 million) and annual insurance premiums ($440,000). As a comparison, the total portfolio one year ago (as of December 31, 2020) was $28.5 million. The increase shown as of 2021 reflects the receipt in July 2021 of the first distribution of American Rescue Plan Act (ARPA) Funds in the amount of $2.4 million as well as the increased revenue generated by the new Add-on Sales Tax (Measure R).
Therefore, the change in the portfolio should not be equated with the cash balance of any specific fund. The Finance Department reports information related to cash balances as part of monthly reports of disbursement.
The table below contains a more detailed view of the portfolio including the type of securities held.
CITY OF ORINDA PORTFOLIO BASED ON INVESTMENT TYPE AT COST (December 31, 2021 With Comparison To Prior Quarter)
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The mix of investments shows a decrease in US Agencies and an increase in US Treasuries.
Although the attached report includes market values, the Table above provides values on a cost basis. The market value will vary both up or down from the original cost. For the most part the City tends to hold most securities until maturity, so the cost basis is more closely aligned with expected performance.
Portfolio Performance
The overall average purchase yield to maturity on the total portfolio was 0.49% which in the current environment has been decreasing (Previous quarter was 0.56%). The reported purchase yield was 0.94% one year ago (Quarter ending December 31, 2020). These figures relate to the combined portfolio including both LAIF and the Reserve funds managed by Chandler. The Chandler investments are looked at separately, their average purchase yield is 1.08%, which is also trending down from the prior quarter.
The following excerpt is from page 13 of Attachment A shows the decline in US Treasury Notes since 2019, and especially with the shorter term investments (dotted line is the two year Treasury which had been flat for the past 18 months but has started increasing during the reporting period). As a reminder the City cannot invest in bonds with a maturity of more than 5 years and the Benchmark maturity guiding the portfolio selection is an average maturity of 1.85 years. As of September 30, 2021 the Reserve portfolio managed by Chandler had a slightly longer average maturity of 1.98 years.
The current interest rate environment is expected to show signs of inflation due to Federal policy and world events. The important consideration for public funds in this environment is the safety of the investments. The investments owned by the City are of a high quality as required by the F.2
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investment policy.
The Transaction Data included in the report, displays all transactions including the settlement date. During the three month period ending December 31, 2021 among the funds managed by Chandler there was: $995,000 in purchased securities; $525,000 in securities sold; and $375,000 in maturities. In the LAIF Account there was a contribution of interest, one deposit of $5 million and one withdrawal of $750,000.
The City also maintains liquidity using LAIF combined with shorter maturities in the Reserve portfolio to protect against the need to liquidate an investment before maturity. The portfolio will allow the City to have adequate funds to meet its cash flow requirements for the next six months.
FISCAL IMPACT:
This report is for information only. There is no fiscal impact.
ATTACHMENTS:
A. Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) Respectfully Submitted by:
Doug Alessio
Administrative Services Director
Prepared By: Doug Alessio, Administrative Services Director Approved by:
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CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com
INVESTMENT REPORT
Period Ending December 31, 2021
City of Orinda
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Consolidated Information
SECTION 4 Portfolio Holdings
SECTION 5 Transactions
Table of Contents As of December 31, 2021
1 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly
SECTION
| Section 1 | Economic Update
2 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Economic Update
In our view, economic growth is likely to moderate but remain modestly above-trend in 2022, fueled in part by ongoing tailwinds from fiscal support, accommodative monetary policy, and continued progress on vaccinations. Our outlook assumes an improving global health backdrop, though risks to the downside remain. Covid infection rates in the US and on a global basis have recently increased, and the new omicron variant poses a significant risk to the outlook. Given the high level of uncertainty regarding omicron’s impact on the global health situation, supply chains, and the broader economy, we expect financial market volatility will be elevated over the near-term. Inflation readings continue to run hot, but marketbased inflation expectations remain relatively contained and we believe inflation may be at or near a peak. We expect supply chain bottlenecks will continue to put upward pressure on prices over the near-term but should improve during 2022.
The Federal Open Market Committee (FOMC) kept the fed funds target rate unchanged in December, in a range of 0.0%-
0.25%, but announced plans to accelerate the pace of their tapering process. The Fed will reduce the magnitude of their monthly asset purchases by $30 billion in January, doubling the pace of the monthly reduction in asset purchases that began in November. Should the Fed continue to reduce their monthly asset purchases at the new pace, their bond-buying program would end this spring (late-March or mid-April). The FOMC’s updated Summary of Economic Projections indicates that policymakers may be prepared to hike the fed funds rate three times in 2022 (based on the median estimate), up from the previous projection of just one 25 basis point hike. The Fed’s updated projections suggest that these hikes would be amid a backdrop of strong economic growth. With inflation now more elevated and prolonged than originally anticipated, we believe the Fed’s decision to accelerate the tapering process is prudent. However, we do not believe that monetary policy is on a pre-set course and expect the Fed will adjust policy if necessary, depending on developments in the economy.
In December, the 2-year Treasury yield increased nearly 17 basis points to 0.73%, the 5-year Treasury yield increased ten basis points to 1.26%, and the 10-year Treasury yield increased about seven basis points to 1.51% in the month. 3 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Source: US Department of Labor Source: US Department of Labor Employment
Job growth slowed in December, with US nonfarm payroll growth of just 199,000 in the month versus the consensus forecast of 450,000, but the unemployment rate still declined to 3.9%, the lowest level since February 2020. On a trailing 3-month and 6-month basis, payrolls increased an average of 365,000 and 508,000 per month, respectively, which still compares favorably to the average job gains in the five years leading up to the pandemic of about 196,000 per month. We believe a variety of factors are keeping some workers out of the labor force for now, which continues to hold back job growth despite strong demand from employers. The labor participation rate was unchanged in December at 61.9% and remains lower than the pre-pandemic level of 63.4%. The employment-population ratio increased to 59.5% in December form 59.3% in November, but also remains below the pre-pandemic level of 61.2%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons, declined to 7.3% in December from 7.7% in November (versus 7.0% in February 2020). Annualized average hourly earnings rose 0.6% month-over-month and were up 4.7% year-over-year in December versus
5.1% in November.
-22,000
-18,000
-14,000
-10,000
-6,000
-2,000
2,000
6,000
MOM Change In (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3 month average (000's)
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
24.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
4 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Initial Claims for Unemployment
-
5,000
10,000
15,000
20,000
25,000
In thousands
Initial Jobless Claims
Continuing Claims
Initial Claims For Unemployment April 17, 2020 - December 31, 2021 In the most recent week, the number of initial jobless claims was 207,000, versus 200,000 in the prior week. The level of continuing unemployment claims (where the data is lagged by one week) was also little changed at 1.754 million versus 1.718million in the prior week.
Continuing jobless claims have declined significantly from the peak of nearly 25 million in May 2020, and are in the range of pre-pandemic levels (the 2019 average was 1.7 million).
Source: US Department of Labor
5 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Source: US Department of Labor Source: US Department of Commerce Inflation
The Consumer Price Index (CPI) was up 6.8% year-over-year in November, versus up 6.2% year-over-year in October. Core CPI (CPI less food and energy) was up 4.9% year-over-year in November, versus up 4.6% in October. Pricing pressures were widespread in November, with notable gains for energy, food, used cars and trucks, new vehicles, and rent. The Personal Consumption Expenditures (PCE) index was up 5.7% year-over-year in November, up from 5.1% in October. Core PCE was up 4.7% year-over-year in November, versus up 4.2% in October. Current inflation readings continue to run well above the Fed’s longer-run target of around 2.0%. Upward pressure on inflation from supply chain bottlenecks and pandemic-related disruptions is likely to remain elevated over the near-term.
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
YOY( %) Change
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY( %) Change
6 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly On a year-over-year basis, retail sales were up 18.2% in November versus up 16.3% in October. On a month-over-month basis, retail sales were softer than expected in November, up 0.3% versus expectations of 0.8%, but this followed an upwardly revised gain of 1.8% in October. In our view, the data suggests that consumers may have started shopping early this holiday season in anticipation of supply shortages. Higher gas prices seem to have taken some wallet share, with spending at gasoline stations up 1.7% month-over-month. Amid the current resurgence of virus cases, the outlook for December retail sales is uncertain, and nonstore retailers (online) may be poised to outperform. The Consumer Confidence index increased to 115.8 in December from 111.9 in November. The improvement came despite the arrival of the omicron variant and still elevated inflation.
Source: US Department of Commerce Source: The Conference Board -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
80 90
100
110
120
130
140
Index Level
Consumer Confidence
Consumer
7 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Source: The Conference Board Source: Federal Reserve Bank of Chicago Economic Activity
The Conference Board’s Leading Economic Index (LEI) increased 1.1% month-over-month in November, following a 0.9% increase in October.
On a year-over-year basis, the LEI was up 9.8% in November versus up 9.6% in October. The Conference Board believes the strong gain in the LEI in November suggests that the economic expansion will continue into the first half of 2022, but they caution that ongoing supply chain headwinds and the current resurgence of the virus pose risks to the outlook. The Conference Board expects GDP growth to moderate in the first quarter to 2.2% versus their forecast of 6.5% growth in the fourth quarter of this year. Meanwhile, the Chicago Fed National Activity Index (CFNAI) declined to 0.37 in November from 0.76 in October. On a 3-month moving average basis, the CFNAI increased to 0.37 in November versus 0.21 in October.
-8.00
-6.00
-4.00
-2.00
0.00 2.00
4.00 6.00
Chicago Fed National Activity Index (CFNAI)
3 Month Average
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
Leading Economic Indicators (LEI)
MOM ( %) Change
8 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Source: US Department of Commerce Source: S&P
Housing
0 200
400
600
800
1000
1200
1400
1600
1800
2000
MOM Change (In Thousands of Units)
Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
0.0%
3.0%
6.0%
9.0%
12.0%
15.0%
18.0%
21.0%
24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
YOY( %) Change
Total housing starts jumped 11.8% in November to an annual pace of 1,679,000. Single-family starts increased 11.3% while multi-family starts increased 12.9%, month-over-month. On a year-over-year basis total housing starts were up 8.3% in November. According to the Case-Shiller 20-City home price index, home prices were up 18.4% year-over-year in October versus up 19.1% year-over-year in September, suggesting the acceleration in home prices is easing. However, tight supply will likely continue to support prices. 9 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Source: Institute for Supply Management Source: Federal Reserve Manufacturing
The Institute for Supply Management (ISM) manufacturing index declined to 58.7 in December from 61.1 in November. Nevertheless, readings above 50.0 are indicative of expansion in the manufacturing sector. The Industrial Production index was up 5.3% in November, on par with October’s year-over-year gain. On a month-over-month basis, the Industrial Production index increased 0.5% in November, following an upwardly revised 1.7% increase in October. Though manufacturing production likely remains constrained by supply chain bottlenecks, capacity utilization increased to 76.8% in November from 76.5% in October. Although capacity utilization remains below its longer-run average of 79.6%, it is running above the pre-pandemic level of 76.3%.
40 42
44 46
48 50
52 54
56 58
60 62
64 66
Institute of Supply Management Purchasing Manager
Index
EXPANDING
CONTRACTING
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
Industrial Production
YOY( %) Change
10 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Source: US Department of Commerce Source: US Department of Commerce 12/20 3/21 6/21 9/21
2.3% 7.4% 7.9% 1.4%
4.0% -0.4% -0.7% 2.1%
-1.7% -1.6% -0.2% -1.3%
-0.2% 0.8% -0.4% -0.4%
0.1% 0.0% 0.0% 0.5%
4.5% 6.3% 6.7% 2.3%
Gross Private Domestic Investment
Personal Consumption Expenditures
Components of GDP
Federal Government Expenditures
State and Local (Consumption and Gross
Investment)
Net Exports and Imports
Total
-35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Gross Domestic Product (GDP)
Real US gross domestic product (GDP) growth decelerated in the third quarter of 2021 amid widespread supply chain disruptions and a surge in the Covid Delta variant. However, third quarter growth was slightly better than previously estimated. According to the final estimate, third quarter GDP grew at an annualized rate of 2.3% in the third quarter, revised up from the second estimate of 2.1% and the advance estimate of
2.0%. This follows a much stronger pace of growth in the first half of 2021, with first and second quarter annualized GDP growth up 6.3% and
6.7%, respectively. The consensus estimate is 6.0% GDP growth in the fourth quarter, and 3.9% GDP growth in the current quarter. Though the impact on economic activity from each resurgence of the virus seems to lessen with each wave, we believe there is risk to the current quarter growth outlook.
11 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Federal Reserve
Source: Federal Reserve Source: Bloomberg
Last year, the Fed took a wide range of aggressive actions to help stabilize and provide liquidity to the financial markets. The Fed lowered the fed funds target rate to a range of 0.0%-0.25% and started purchasing Treasury and agency mortgage-backed securities (MBS) to support smooth market functioning. Last year, policymakers reinstated the Commercial Paper Funding Facility and Money Market Mutual Fund Liquidity Facility, and established the Primary Market Corporate Credit Facility, Secondary Market Corporate Credit Facility, Term Asset-Backed Securities Loan Facility, Paycheck Protection Program Liquidity Facility, Main Street Lending Facility, and Municipal Liquidity Facility. The Fed has also provided short-term funding through large-scale repo operations and lowered the reserve requirement for depository institutions.
Many of the Fed's lending facilities expired at the end of 2020. In June 2021, the Fed announced plans to unwind its corporate credit facility.
The Fed started to taper their Treasury and agency MBS purchases in November 2021, and we believe the Fed's bond-buying program is likely to end in the spring of 2022. The Fed has also signaled that they are likely to start hiking the fed funds target rate in 2022.
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
Effective Federal Funds Rate
Yield (%)
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
Federal Reserve Balance Sheet Assets
In $ millions
12 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Source: Bloomberg Source: Bloomberg
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
US Treasury Yield Curve
Dec-21
Sep-21
Dec-20
Yield (%)
Bond Yields
At the end of December, the 2-year Treasury yield was about 61 basis points higher and the 10-Year Treasury yield was about 60 basis points higher, year-over-year. The spread between the 2-year Treasury yield and 10-year Treasury yield was 78 basis points at year-end compared to the average historical spread (since 2002) of about 135 basis points. 13 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Section 2| SECTION | Section 2 | Account Profile
14 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Objectives
Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return over a market cycle that equals or exceeds the benchmark, the ICE BAML 1-3 Year US Treasury and Agency Index.
Investment Objectives
The City of Orinda’s investment objectives, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program.
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.
As of December 31, 2021
15 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Compliance As of December 31, 2021
Category Standard Comment
U.S. Treasuries No limitation; Full faith and credit of the U.S. are pledged for the payment of principal and interest Complies Federal Agencies 25% max per Agency/GSE issuer; 20% max callable agency securities; Federal agencies or U.S. government-sponsored enterprises Complies Supranational Obligations
"AA" rating category or higher by a Nationally Recognized Statistical Rating Organization ("NRSRO"); 30% maximum; 10% max per issuer; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), or Inter-American Development Bank (IADB) Complies
Municipal Securities (CA, Local Agency) "A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Include obligations of the City, State of California, and any local agency within the State of California Complies
Municipal Securities (Other States)
"A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Bonds of any of the other 49 states in addition to California; Including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state, or by a department, board, agency, or authority of any of the other 49 states, in addition to California.
Complies
Corporate Medium Term Notes "A" rating category or higher by a NRSRO; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S. Complies Asset-Backed, Mortgage-Backed,
Mortgage Pass-Through Securities,
Collateralized Mortgage Obligations
"AA" rating category or better by a NRSRO; 20% maximum; 5% max per Asset-Backed or Commercial Mortgage issuer; No issuer limitation on any mortgage security where issuer is the U.S. Treasury or a Federal Agency/GSE Complies Negotiable Certificates of Deposit (NCD) No rating required if amount of the NCD is covered by FDIC insured limit; If above FDIC insured limit, requires "A-1" short-term rated or "A" long-term issuer rating category or higher by a NRSRO; 30% maximum; 5% max per issuer Complies FDIC insured Time Deposits/ (Nonnegotiable CD/TD)Amount per institution limited to the max covered under FDIC or NCUA; 20% maximum (combination of FDIC insured and collateralized TDs/ CDs); NonNegotiable Certificates of Deposit in state or federally chartered banks, savings and loans, or credit unions; Complies Collateralized Time Deposits/ Nonnegotiable CD/TD)20% maximum (combination of FDIC insured and collateralized TDs/ CDs); Non-Negotiable Certificates of Deposit in state or federally chartered banks, savings and loans, or credit unions in excess of insured amounts which are fully collateralized with securities in accordance with California law; Complies Banker’s Acceptances "A-1" short-term debt rated or higher by a NRSRO; or "A" long-term debt rating category or better by a NRSRO; 40% maximum; 5% max per issuer; 180 days max maturity Complies
Commercial Paper "A-1" rated or higher by a NRSRO; "A" long-term rating category or higher by a NRSRO, if issuer has long-term ratings; 25% maximum; 5% max per issuer; 270 days max maturity; Issuer is a corporation organized and operating in the U.S. with assets >$500 million Complies Money Market Mutual Funds
Registered with SEC under Investment Company Act of 1940 and issued by diversified management companies and meet either of the following criteria:
(i) Highest rating by two NRSROs; or (ii) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience managing money market mutual funds with AUM >$500 million;
20% max combined Money Market Mutual Funds and Mutual Funds; 20% max per Money Market Mutual Fund Complies
Mutual Funds
Invest in securities as authorized under CGC, Section 53601 (a) to (k) and (m) to (q) inclusive and meet either of the following criteria: (i) Highest rating by two NRSROs; or (ii) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience investing in securities authorized by CGC, Section 53601 and with AUM >$500 million; 20% max combined Money Market Mutual Funds and Mutual Funds; 10% max per Mutual Fund Complies
Local Agency Investment Fund (LAIF) Max amount permitted by LAIF; Not used by Investment Adviser Complies Prohibited Securities Futures and Options; Inverse floaters; Ranges notes, Interest-only strips from mortgaged backed securities; Zero interest accrual securities; Purchasing or selling securities on margin; Repurchase Agreements; Reverse Repurchase Agreements; Securities Lending; Foreign currency denominated securities Complies Max Per Issuer No more than 5% in any single issuer, except where the issuer is the US Government, its Agencies and GSEs, Supranationals, Money Market Mutual Funds or LGIPs, or where otherwise specified in the investment policy Complies Maximum Maturity 5 years, unless the City Council has by resolution granted authority to make such an investment at least three months prior to that investment. Complies City of Orinda Reserve Portfolio
Assets managed by Chandler Asset Management are in full compliance with state law and the investment policy. 16 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Portfolio Characteristics
City of Orinda Reserve Portfolio
12/31/2021 9/30/2021
Benchmark* Portfolio Portfolio
Average Maturity (yrs) 1.85 1.98 1.99
Average Modified Duration 1.82 1.82 1.82
Average Purchase Yield n/a 1.08% 1.18%
Average Market Yield 0.68% 0.71% 0.34%
Average Quality** AAA AA+/Aa1 AA+/Aa1
Total Market Value 10,935,857 10,993,900
*ICE BofA 1-3 Yr US Treasury & Agency Index
**Benchmark is a blended rating of S&P, Moody’s, and Fitch. Portfolio is S&P and Moody’s respectively.
As of December 31, 2021
17 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly City of Orinda Reserve Portfolio
Sector Distribution
ABS
7.2%
Agency
36.1%
Corporate
19.0%
Money Market
Fund
0.1%
Supranational
5.8%
US Treasury
31.8%
December 31, 2021 September 30, 2021
ABS
6.8%
Agency
39.6%
Corporate
18.6%
Money Market
Fund
0.2%
Supranational
5.8%
US Treasury
29.1%
As of December 31, 2021
18 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Duration Allocation As of December 31, 2021
City of Orinda Reserve Portfolio
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 12/31/21 2.0% 4.3% 9.4% 40.8% 36.7% 6.8% 0.0% 0.0%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
0 - 0.25 Years 0.25 - 0.5 Years 0.5 - 1 Years 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years 5+ Years ABS
Agency
Corporate
Money Market Fund
Supranational
US Treasury
19 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ City of Orinda Reserve Portfolio ICE BofA 1-3 Yr US Treasury & Agency Index Portfolio Compared to the Benchmark as of December 31, 2021 0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ Portfolio 2.0% 4.3% 9.4% 40.8% 36.7% 6.8% 0.0% 0.0%
Benchmark* 0.1% 0.0% 2.7% 56.0% 41.1% 0.0% 0.0% 0.0%
*ICE BofA 1-3 Yr US Treasury & Agency Index
Duration Distribution
City of Orinda Reserve Portfolio
As of December 31, 2021
20 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Portfolio Allocation & Duration Changes
City of Orinda Reserve Portfolio
As of December 31, 2021
Benchmark: ICE BofA 1-3 Yr US Treasury & Agency Index
100.3% 99.4% 100.4%
98.0%
95.5%
94.1% 95.1%
98.3%
80.0%
85.0%
90.0%
95.0%
100.0%
105.0%
110.0%
3/31/2020 6/30/2020 9/30/2020 12/31/2020 3/31/2021 6/30/2021 9/30/2021 12/31/2021 Duration as a % of the Benchmark
0.2%
5.8%
6.8%
18.6%
29.1%
39.6%
0.2%
5.8%
7.2%
19.0%
31.9%
36.1%
Money Market
Fund
Supranational
ABS
Corporate
US Treasury
Agency
Portfolio Allocation
12/31/2021
9/30/2021
21 F.2.a
Packet Pg. 64
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Issue Name Investment Type % Portfolio
Government of United States US Treasury 31.85%
Federal Home Loan Bank Agency 12.79%
Federal Farm Credit Bank Agency 8.48%
Federal Home Loan Mortgage Corp Agency 8.12%
Federal National Mortgage Association Agency 6.66%
Inter-American Dev Bank Supranational 3.38%
Intl Bank Recon and Development Supranational 2.43%
Deere & Company Corporate 1.59%
Honda ABS ABS 1.32%
Hyundai Auot Receivables ABS 1.27%
Caterpillar Inc Corporate 1.27%
Toyota ABS ABS 1.23%
US Bancorp Corporate 1.19%
Bank of America Corp Corporate 1.19%
Toronto Dominion Holdings Corporate 1.19%
Toyota Motor Corp Corporate 1.18%
Royal Bank of Canada Corporate 1.18%
Berkshire Hathaway Corporate 1.18%
Apple Inc Corporate 1.17%
Chubb Corporation Corporate 1.17%
Paccar Financial Corporate 1.17%
Bank of Montreal Chicago Corporate 1.13%
John Deere ABS ABS 1.13%
JP Morgan Chase & Co Corporate 1.04%
Charles Schwab Corp/The Corporate 1.00%
Bank of New York Corporate 0.94%
Amazon.com Inc Corporate 0.77%
GM Financial Automobile Leasing Trust ABS 0.68%
Mercedes-Benz Auto Lease Trust ABS 0.50%
Nissan ABS ABS 0.48%
United Health Group Inc Corporate 0.45%
BMW Vehicle Lease Trust ABS 0.32%
GM Financial Securitized Term Auto Trust ABS 0.23%
Salesforce.com Inc Corporate 0.18%
First American Govt Oblig Fund Money Market Fund 0.15%
TOTAL 100.00%
Issuers
City of Orinda Reserve Portfolio – Account #10296
As of December 31, 2021
22 F.2.a
Packet Pg. 65
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly AAA AA
A <A NR
12/31/21 9.8% 71.0% 15.9% 0.0% 3.3%
09/30/21 9.5% 71.8% 15.4% 0.0% 3.2%
Source: S&P Ratings
December 31, 2021 vs. September 30, 2021
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
AAA AAA <A NR
12/31/2021 9/30/2021
Quality Distribution
City of Orinda Reserve Portfolio
As of December 31, 2021
23 F.2.a
Packet Pg. 66
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly -1.00%
-0.50%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
12 months 2 years 3 years 5 years 10 years Since Inception City of Orinda Reserve Portfolio ICE BofA 1-3 Yr US Treasury & Agency Index Total Rate of Return Annualized Since Inception 02/29/2016 Annualized
TOTAL RATE OF RETURN 3 months 12 months 2 years 3 years 5 years 10 years Since Inception
City of Orinda Reserve Portfolio -0.50% -0.50% 1.33% 2.19% 1.82% N/A 1.63% ICE BofA 1-3 Yr US Treasury & Agency Index -0.53% -0.55% 1.25% 2.01% 1.61% N/A 1.41% 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 value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.
Investment Performance
City of Orinda Reserve Portfolio
As of December 31, 2021
24 F.2.a
Packet Pg. 67
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Purchase Yield as of 12/31/2021 = 1.08%
0.0 0.5
1.0 1.5
2.0 2.5
Percent (%)
Historical Average Purchase Yield
City of Orinda Reserve Portfolio
As of December 31, 2021
25 F.2.a
Packet Pg. 68
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Portfolio Characteristics
City of Orinda LAIF Portfolio
12/31/2021
Portfolio
9/30/2021
Portfolio
Average Maturity (yrs) 0.00 0.00
Modified Duration 0.00 0.00
Average Purchase Yield 0.22% 0.21%
Average Market Yield 0.22% 0.21%
Average Quality* NR/NR NR/NR
Total Market Value 23,312,223 19,050,972
*Portfolio is S&P and Moody’s, respectively.
As of December 31, 2021
26 F.2.a
Packet Pg. 69
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly City of Orinda LAIF Portfolio
Sector Distribution
LAIF
100.0%
December 31, 2021 September 30, 2021
LAIF
100.0%
As of December 31, 2021
27 F.2.a
Packet Pg. 70
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly
SECTION
| Section 3 | Consolidated Information
28 F.2.a
Packet Pg. 71
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Portfolio Characteristics
City of Orinda Consolidated 10296/10298/10528
12/31/2021 9/30/2021
Portfolio Portfolio
Average Maturity (yrs) 0.63 0.73
Modified Duration 0.58 0.66
Average Purchase Yield 0.49% 0.56%
Average Market Yield 0.38% 0.26%
Average Quality* AA+/Aa1 AA+/Aa1
Total Market Value 34,248,081 30,044,872
* Portfolio is S&P and Moody’s respectively.
As of December 31, 2021
29 F.2.a
Packet Pg. 72
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly City of Orinda Consolidated 10296/10298/10528
Sector Distribution
ABS
2.3%
Agency
11.5%
Corporate
6.1%
LAIF
68.1%
Money Market
Fund
0.0%
Supranational
1.9%
US Treasury
10.2%
December 31, 2021 September 30, 2021
ABS
2.5%
Agency
14.5%
Corporate
6.8%
LAIF
63.4%
Money Market
Fund
0.1%
Supranational
2.1%
US Treasury
10.7%
As of December 31, 2021
30 F.2.a
Packet Pg. 73
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly
SECTION
| Section 4
| Portfolio Holdings
31 F.2.a
Packet Pg. 74
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Holdings Report
City of Orinda Reserve Portfolio - Account #10296
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43815NAC8 Honda Auto Receivables Trust 2019-3 A3
1.780% Due 08/15/2023
39,321.05 08/20/2019
1.79%
39,320.73
39,320.98
100.57
0.35%
39,545.46
31.11 0.36%
224.48
Aaa / AAA
NR
1.62 0.40
477870AC3 John Deere Owner Trust 2019-B A3
2.210% Due 12/15/2023
17,347.61 07/16/2019
2.23%
17,343.93
17,345.98
100.66
0.63%
17,461.88
17.04 0.16%
115.90
Aaa / NR
AAA
1.96 0.42
43813RAC1 Honda Auto Receivables 2020-1 A3
1.610% Due 04/22/2024
69,729.70 02/19/2020
1.62%
69,716.03
69,722.11
100.71
0.52%
70,226.04
31.18 0.64%
503.93
Aaa / NR
AAA
2.31 0.66
65479JAD5 Nissan Auto Receivables Owner 2019-C A3
1.930% Due 07/15/2024
52,089.31 10/16/2019
1.94%
52,086.57
52,087.84
100.81
0.38%
52,509.77
44.68 0.48%
421.93
Aaa / AAA
NR
2.54 0.52
47789KAC7 John Deere Owner Trust 2020-A A3
1.100% Due 08/15/2024
21,751.14 03/04/2020
1.11%
21,749.81
21,750.35
100.35
0.58%
21,827.66
10.63 0.20%
77.31 Aaa / NR
AAA
2.62 0.68
36262XAC8 GM Financial Auto Lease Trust 2021-3 A2
0.390% Due 10/21/2024
75,000.00 08/10/2021
0.39%
74,998.98
74,999.14
99.04 0.91%
74,281.13
8.94 0.68%
(718.01)
NR / AAA
AAA
2.81 1.84
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-B A3
0.400% Due 11/15/2024
55,000.00 06/22/2021
0.40%
54,995.85
54,996.68
99.25 0.81%
54,585.25
9.78 0.50%
(411.43)
NR / AAA
AAA
2.88 1.85
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3
0.330% Due 12/26/2024
35,000.00 09/08/2021
0.34%
34,996.39
34,996.86
99.24 0.80%
34,732.85
1.93 0.32%
(264.01)
Aaa / NR
AAA
2.99 1.64
89240BAC2 Toyota Auto Receivables Owners 2021-A A3
0.260% Due 05/15/2025
100,000.00 02/02/2021
0.27%
99,981.44
99,986.81
99.50 0.67%
99,497.50
11.56 0.91%
(489.31)
Aaa / NR
AAA
3.37 1.23
47788UAC6 John Deere Owner Trust 2021-A A3
0.360% Due 09/15/2025
40,000.00 03/02/2021
0.37%
39,992.31
39,994.05
99.19 0.84%
39,676.40
6.40 0.36%
(317.65)
Aaa / NR
AAA
3.71 1.70
44933LAC7 Hyundai Auto Receivables Trust 2021-A A3
0.380% Due 09/15/2025
45,000.00 04/20/2021
0.38%
44,995.27
44,996.32
99.25 0.84%
44,664.08
7.60 0.41%
(332.24)
NR / AAA
AAA
3.71 1.62
44934KAC8 Hyundai Auto Receivables Trust 2021-B A3
0.380% Due 01/15/2026
95,000.00 07/20/2021
0.39%
94,979.03
94,981.91
98.90 0.98%
93,950.82
16.04 0.86%
(1,031.09)
NR / AAA
AAA
4.04 1.85
43815GAC3 Honda Auto Receivables Trust 2021-4 A3
0.880% Due 01/21/2026
35,000.00 11/16/2021
0.89%
34,992.62
34,992.86
99.76 0.99%
34,915.55
8.56 0.32%
(77.31)
Aaa / NR
AAA
4.06 2.13
47789QAC4 John Deere Owner Trust 2021-B A3
0.520% Due 03/16/2026
45,000.00 07/13/2021
0.52%
44,995.99
44,996.48
98.86 1.02%
44,487.23
10.40 0.41%
(509.25)
Aaa / NR
AAA
4.21 2.30
89238JAC9 Toyota Auto Receivables Trust 2021-D A3
0.710% Due 04/15/2026
35,000.00 11/09/2021
0.71%
34,999.25
34,999.28
99.39 1.37%
34,784.86
11.04 0.32%
(214.42)
NR / AAA
AAA
4.29 0.94
362554AC1 GM Financial Securitized Term 2021-4 A3
0.680% Due 09/16/2026
25,000.00 10/13/2021
0.68%
24,999.36
24,999.40
99.25 1.06%
24,812.23
7.08 0.23%
(187.17)
Aaa / AAA
NR
4.71 1.98
TOTAL ABS 785,238.81 0.77%
785,143.56
785,167.05 0.79%
781,958.71
233.97
7.15%
(3,208.34)
Aaa / AAA
Aaa
3.25 1.41
As of December 31, 2021
32 F.2.a
Packet Pg. 75
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Holdings Report
City of Orinda Reserve Portfolio - Account #10296
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
Agency
3133ELYR9 FFCB Note
0.250% Due 05/06/2022
215,000.00 04/30/2020
0.31%
214,726.95
214,953.24
100.04
0.12%
215,094.82
82.12 1.97%
141.58
Aaa / AA+
AAA
0.35 0.35
313383WD9 FHLB Note
3.125% Due 09/09/2022
175,000.00 11/07/2018
3.14%
174,870.50
174,976.80
101.95
0.29%
178,406.38
1,701.39
1.65%
3,429.58
Aaa / AA+
AAA
0.69 0.68
3133EKHN9 FFCB Note
2.330% Due 10/18/2022
200,000.00 05/02/2019
2.37%
199,712.00
199,933.92
101.75
0.13%
203,509.40
944.94
1.87%
3,575.48
Aaa / AA+
AAA
0.80 0.79
3130AFE78 FHLB Note
3.000% Due 12/09/2022
200,000.00 12/20/2018
2.77%
201,736.00
200,409.74
102.45
0.38%
204,899.80
366.67
1.88%
4,490.06
Aaa / AA+
AAA
0.94 0.93
3135G0T94 FNMA Note
2.375% Due 01/19/2023
200,000.00 07/26/2018
2.92%
195,460.00
198,937.80
102.05
0.41%
204,107.80
2,137.50
1.89%
5,170.00
Aaa / AA+
AAA
1.05 1.03
3133EKUA2 FFCB Note
1.850% Due 02/01/2023
200,000.00 07/23/2019
1.86%
199,950.00
199,984.63
101.76
0.22%
203,529.60
1,541.67
1.88%
3,544.97
Aaa / AA+
AAA
1.09 1.07
3133ELNW0 FFCB Note
1.450% Due 02/21/2023
200,000.00 02/14/2020
1.45%
199,996.00
199,998.48
101.38
0.23%
202,765.00
1,047.22
1.86%
2,766.52
Aaa / AA+
AAA
1.14 1.13
3130ADRG9 FHLB Note
2.750% Due 03/10/2023
200,000.00 03/20/2019
2.46%
202,142.00
200,639.65
102.64
0.52%
205,283.20
1,695.83
1.89%
4,643.55
Aaa / AA+
NR
1.19 1.17
3135G04Q3 FNMA Note
0.250% Due 05/22/2023
165,000.00 05/20/2020
0.35%
164,503.35
164,770.50
99.59 0.55%
164,319.87
44.69 1.50%
(450.63)
Aaa / AA+
AAA
1.39 1.39
3133834G3 FHLB Note
2.125% Due 06/09/2023
200,000.00 06/14/2019
1.93%
201,494.00
200,538.79
102.19
0.60%
204,371.60
259.72
1.87%
3,832.81
Aaa / AA+
NR
1.44 1.42
3135G05G4 FNMA Note
0.250% Due 07/10/2023
225,000.00 07/31/2020
0.24%
225,092.25
225,047.80
99.46 0.60%
223,794.00
267.19
2.05%
(1,253.80)
Aaa / AA+
AAA
1.52 1.52
3137EAEV7 FHLMC Note
0.250% Due 08/24/2023
140,000.00 08/19/2020
0.28%
139,857.20
139,921.97
99.36 0.64%
139,104.56
123.47
1.27%
(817.41)
Aaa / AA+
AAA
1.65 1.64
3137EAEW5 FHLMC Note
0.250% Due 09/08/2023
200,000.00 09/28/2020
0.22%
200,148.00
200,084.75
99.33 0.65%
198,662.00
156.94
1.82%
(1,422.75)
Aaa / AA+
AAA
1.69 1.68
3137EAEY1 FHLMC Note
0.125% Due 10/16/2023
170,000.00 10/14/2020
0.25%
169,365.90
169,621.86
99.02 0.68%
168,335.87
44.27 1.54%
(1,285.99)
Aaa / AA+
AAA
1.79 1.78
3137EAEZ8 FHLMC Note
0.250% Due 11/06/2023
225,000.00 11/03/2020
0.28%
224,797.50
224,875.47
99.13 0.73%
223,032.38
85.94 2.04%
(1,843.09)
Aaa / AA+
AAA
1.85 1.84
3135G06H1 FNMA Note
0.250% Due 11/27/2023
135,000.00 11/23/2020
0.29%
134,846.10
134,902.50
99.13 0.71%
133,831.44
31.88 1.22%
(1,071.06)
Aaa / AA+
AAA
1.91 1.90
3137EAFA2 FHLMC Note
0.250% Due 12/04/2023
160,000.00 12/02/2020
0.28%
159,841.60
159,898.45
99.07 0.74%
158,504.80
30.00 1.45%
(1,393.65)
Aaa / AA+
AAA
1.93 1.91
As of December 31, 2021
33 F.2.a
Packet Pg. 76
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Holdings Report
City of Orinda Reserve Portfolio - Account #10296
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
3133EMRZ7 FFCB Note
0.250% Due 02/26/2024
100,000.00 02/22/2021
0.26%
99,964.00
99,974.16
98.98 0.73%
98,975.30
86.81 0.91%
(998.86)
Aaa / AA+
AAA
2.16 2.14
3130A7PH2 FHLB Note
1.875% Due 03/08/2024
200,000.00 03/03/2020
0.85%
208,070.00
204,390.30
102.32
0.80%
204,649.60
1,177.08
1.88%
259.30
Aaa / AA+
NR
2.19 2.13
3130AJX95 FHLB Note
0.250% Due 09/13/2024
250,000.00 10/29/2020
0.29%
249,602.50
249,722.82
98.04 0.99%
245,104.75
187.50
2.24%
(4,618.07)
Aaa / AA+
NR
2.70 2.68
3130AQF40 FHLB Note
1.000% Due 12/20/2024
150,000.00 12/21/2021
1.03%
149,868.00
149,869.21
100.08
0.97%
150,127.05
37.50 1.37%
257.84
Aaa / AA+
AAA
2.97 2.92
TOTAL Agency 3,910,000.00 1.17%
3,916,043.85
3,913,452.84 0.54%
3,930,409.22
12,050.33
36.05%
16,956.38
Aaa / AA+
Aaa
1.51 1.49
Corporate
00440EAU1 Chubb INA Holdings Inc Callable Note Cont 9/3/2022
2.875% Due 11/03/2022
125,000.00 08/29/2019
1.89%
128,758.75
125,994.10
101.54
0.57%
126,925.88
578.99
1.17%
931.78
A3 / A
A
0.84 0.67
89236TEL5 Toyota Motor Credit Corp Note
2.700% Due 01/11/2023
125,000.00 05/20/2019
2.66%
125,157.50
125,044.41
102.25
0.50%
127,812.50
1,593.75
1.18%
2,768.09
A1 / A+
A+
1.03 1.01
06051GEU9 Bank of America Corp Note
3.300% Due 01/11/2023
125,000.00 06/14/2019
2.59%
127,997.50
125,862.67
102.74
0.62%
128,429.38
1,947.92
1.19%
2,566.71
A2 / AAA1.03
1.00 69371RQ41 Paccar Financial Corp Note
1.900% Due 02/07/2023
125,000.00 10/31/2019
1.90%
124,993.75
124,997.89
101.22
0.79%
126,519.88
950.00
1.17%
1,521.99
A1 / A+
NR
1.10 1.08
084670BR8 Berkshire Hathaway Callable Note Cont 1/15/2023
2.750% Due 03/15/2023
125,000.00 01/16/2019
3.15%
123,057.50
124,439.15
102.11
0.71%
127,637.75
1,012.15
1.18%
3,198.60
Aa2 / AA
A+
1.20 1.02
037833AK6 Apple Inc Note
2.400% Due 05/03/2023
125,000.00 04/11/2019
2.70%
123,565.00
124,527.49
102.39
0.60%
127,991.25
483.33
1.17%
3,463.76
Aaa / AA+
NR
1.34 1.32
06406FAD5 Bank of NY Mellon Corp Callable Note Cont 6/16/2023
2.200% Due 08/16/2023
100,000.00 09/12/2019
2.15%
100,176.00
100,072.86
102.18
0.70%
102,175.30
825.00
0.94%
2,102.44
A1 / A
AA1.621.43
24422EVN6 John Deere Capital Corp Note
0.450% Due 01/17/2024
95,000.00 03/01/2021
0.47%
94,932.55
94,952.03
99.05 0.92%
94,096.65
194.75
0.86%
(855.38)
A2 / A
A
2.05 2.02
808513BN4 Charles Schwab Corp Callable Note Cont 2/18/2024
0.750% Due 03/18/2024
110,000.00 Various
0.71%
110,138.00
110,102.18
99.57 0.95%
109,527.99
236.04
1.00%
(574.19)
A2 / A
A
2.21 2.18
023135BW5 Amazon.com Inc Note
0.450% Due 05/12/2024
85,000.00 05/10/2021
0.50%
84,875.90
84,902.40
99.04 0.86%
84,182.47
52.06 0.77%
(719.93)
A1 / AA
AA2.362.34
As of December 31, 2021
34 F.2.a
Packet Pg. 77
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Holdings Report
City of Orinda Reserve Portfolio - Account #10296
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
91324PEB4 United Health Group Inc Callable Note Cont 5/15/2022
0.550% Due 05/15/2024
50,000.00 11/08/2021
0.78%
49,713.00
49,729.27
99.22 0.88%
49,611.00
35.14 0.45%
(118.27)
A3 / A+
A
2.37 2.35
14913R2L0 Caterpillar Financial Service Note
0.450% Due 05/17/2024
140,000.00 05/10/2021
0.50%
139,812.40
139,851.60
98.78 0.97%
138,292.14
77.00 1.27%
(1,559.46)
A2 / A
A
2.38 2.36
24422EVQ9 John Deere Capital Corp Note
0.450% Due 06/07/2024
80,000.00 06/07/2021
0.49%
79,900.00
79,918.76
98.78 0.96%
79,020.96
24.00 0.72%
(897.80)
A2 / A
A
2.44 2.41
89114QCA4 Toronto Dominion Bank Note
2.650% Due 06/12/2024
125,000.00 08/25/2021
0.61%
132,032.50
131,156.88
103.75
1.09%
129,682.75
174.83
1.19%
(1,474.13)
A1 / A
AA2.452.37
06367TQW3 Bank of Montreal Note
0.625% Due 07/09/2024
125,000.00 09/10/2021
0.65%
124,898.75
124,909.48
98.66 1.17%
123,324.38
373.26
1.13%
(1,585.10)
A2 / AAA2.52
2.48 79466LAG9 Salesforce.com Inc Callable Note Cont 7/15/2022
0.625% Due 07/15/2024
20,000.00 06/29/2021
0.64%
19,989.80
19,991.41
99.09 0.99%
19,817.82
58.68 0.18%
(173.59)
A2 / A+
NR
2.54 2.50
91159HHX1 US Bancorp Callable Note Cont 6/28/2024
2.400% Due 07/30/2024
125,000.00 12/23/2021
1.09%
129,172.50
129,154.84
103.34
1.04%
129,171.88
1,258.33
1.19%
17.04 A2 / A+
A+
2.58 2.40
78015K7C2 Royal Bank of Canada Note
2.250% Due 11/01/2024
125,000.00 05/19/2021
0.74%
131,411.25
130,266.38
102.74
1.26%
128,426.00
468.75
1.18%
(1,840.38)
A2 / A
AA2.842.74
46647PCH7 JP Morgan Chase & Co Callable Note Cont 6/1/2024
0.824% Due 06/01/2025
115,000.00 05/24/2021
0.74%
115,145.80
115,124.44
98.85 1.10%
113,679.11
78.97 1.04%
(1,445.33)
A2 / AAA3.42
3.36 TOTAL Corporate 2,045,000.00 1.40%
2,065,728.45
2,060,998.24 0.87%
2,066,325.09
10,422.95
18.99%
5,326.85
A1 / A+
A+
1.95 1.88
Money Market Fund
31846V203 First American Govt Obligation Fund Class Y 16,043.96 Various
0.01%
16,043.96
16,043.96
1.00 0.01%
16,043.96
0.00 0.15%
0.00 Aaa / AAA
AAA
0.00 0.00
TOTAL Money Market Fund 16,043.96 0.01%
16,043.96
16,043.96 0.01%
16,043.96
0.00 0.15%
0.00 Aaa / AAA
Aaa
0.00 0.00
Supranational
459058DY6 Intl. Bank Recon & Development Note
1.625% Due 02/10/2022
200,000.00 05/11/2018
2.93%
190,838.00
199,731.91
100.15
0.27%
200,294.00
1,272.92
1.84%
562.09
Aaa / AAA
AAA
0.11 0.11
4581X0CN6 Inter-American Dev Bank Note
1.750% Due 04/14/2022
200,000.00 09/13/2018
2.99%
191,676.00
199,343.01
100.43
0.24%
200,864.00
748.61
1.84%
1,520.99
Aaa / AAA
AAA
0.28 0.29
459058JM6 Intl. Bank Recon & Development Note
0.250% Due 11/24/2023
65,000.00 11/17/2020
0.32%
64,860.25
64,911.68
99.10 0.73%
64,412.14
16.70 0.59%
(499.54)
Aaa / AAA
AAA
1.90 1.89
As of December 31, 2021
35 F.2.a
Packet Pg. 78
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Holdings Report
City of Orinda Reserve Portfolio - Account #10296
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
4581X0DZ8 Inter-American Dev Bank Note
0.500% Due 09/23/2024
170,000.00 09/15/2021
0.52%
169,874.20
169,885.68
98.68 0.99%
167,747.50
231.39
1.54%
(2,138.18)
Aaa / AAA
NR
2.73 2.70
TOTAL Supranational 635,000.00 2.04%
617,248.45
633,872.28 0.50%
633,317.64
2,269.62
5.81%
(554.64)
Aaa / AAA
Aaa
1.04 1.03
US Treasury
912828L24 US Treasury Note
1.875% Due 08/31/2022
125,000.00 10/04/2018
3.01%
119,790.04
124,115.84
101.05
0.29%
126,308.63
796.36
1.16%
2,192.79
Aaa / AA+
AAA
0.67 0.66
912828R28 US Treasury Note
1.625% Due 04/30/2023
175,000.00 12/04/2019
1.60%
175,157.23
175,061.27
101.45
0.53%
177,529.28
487.05
1.63%
2,468.01
Aaa / AA+
AAA
1.33 1.32
912828R69 US Treasury Note
1.625% Due 05/31/2023
200,000.00 04/11/2019
2.30%
194,679.69
198,185.46
101.51
0.55%
203,023.40
285.71
1.86%
4,837.94
Aaa / AA+
AAA
1.41 1.40
912828T91 US Treasury Note
1.625% Due 10/31/2023
220,000.00 08/27/2020
0.20%
229,874.22
225,705.86
101.69
0.69%
223,721.08
612.29
2.05%
(1,984.78)
Aaa / AA+
AAA
1.83 1.80
91282CBA8 US Treasury Note
0.125% Due 12/15/2023
145,000.00 01/08/2021
0.22%
144,586.52
144,723.96
98.86 0.71%
143,351.79
8.46 1.31%
(1,372.17)
Aaa / AA+
AAA
1.96 1.95
91282CBE0 US Treasury Note
0.125% Due 01/15/2024
250,000.00 01/12/2021
0.24%
249,111.33
249,396.19
98.75 0.74%
246,884.75
144.36
2.26%
(2,511.44)
Aaa / AA+
AAA
2.04 2.03
91282CBR1 US Treasury Note
0.250% Due 03/15/2024
200,000.00 04/12/2021
0.35%
199,421.88
199,564.38
98.82 0.79%
197,640.60
149.17
1.81%
(1,923.78)
Aaa / AA+
AAA
2.21 2.19
912828X70 US Treasury Note
2.000% Due 04/30/2024
145,000.00 09/28/2020
0.18%
154,447.66
151,134.84
102.73
0.82%
148,959.23
496.69
1.37%
(2,175.61)
Aaa / AA+
AAA
2.33 2.27
91282CCG4 US Treasury Note
0.250% Due 06/15/2024
325,000.00 Various
0.43%
323,304.69
323,600.99
98.55 0.85%
320,277.43
37.94 2.93%
(3,323.56)
Aaa / AA+
AAA
2.46 2.44
91282CCL3 US Treasury Note
0.375% Due 07/15/2024
200,000.00 08/05/2021
0.37%
200,054.69
200,047.15
98.79 0.86%
197,570.40
346.47
1.81%
(2,476.75)
Aaa / AA+
AAA
2.54 2.52
912828YE4 US Treasury Note
1.250% Due 08/31/2024
250,000.00 10/29/2020
0.26%
259,462.89
256,572.01
100.94
0.89%
252,353.50
1,061.81
2.32%
(4,218.51)
Aaa / AA+
AAA
2.67 2.61
912828YM6 US Treasury Note
1.500% Due 10/31/2024
250,000.00 09/24/2021
0.55%
257,246.09
256,630.49
101.59
0.93%
253,974.50
642.27
2.33%
(2,655.99)
Aaa / AA+
AAA
2.84 2.76
91282CDH1 US Treasury Note
0.750% Due 11/15/2024
200,000.00 11/10/2021
0.80%
199,710.94
199,723.34
99.46 0.94%
198,921.80
194.75
1.82%
(801.54)
Aaa / AA+
AAA
2.88 2.83
912828Z52 US Treasury Note
1.375% Due 01/31/2025
150,000.00 02/17/2021
0.38%
155,853.52
154,570.78
101.17
0.99%
151,752.00
863.11
1.40%
(2,818.78)
Aaa / AA+
AAA
3.09 3.00
912828ZF0 US Treasury Note
0.500% Due 03/31/2025
100,000.00 04/28/2021
0.62%
99,546.88
99,625.04
98.37 1.01%
98,371.10
127.75
0.90%
(1,253.94)
Aaa / AA+
AAA
3.25 3.20
As of December 31, 2021
36 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Holdings Report
City of Orinda Reserve Portfolio - Account #10296
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
912828ZL7 US Treasury Note
0.375% Due 04/30/2025
175,000.00 01/26/2021
0.33%
175,341.80
175,267.24
97.81 1.04%
171,171.88
112.40
1.57%
(4,095.36)
Aaa / AA+
AAA
3.33 3.29
912828ZT0 US Treasury Note
0.250% Due 05/31/2025
200,000.00 10/14/2021
0.78%
196,195.31
196,419.45
97.30 1.06%
194,609.40
43.96 1.78%
(1,810.05)
Aaa / AA+
AAA
3.42 3.38
91282CAB7 US Treasury Note
0.250% Due 07/31/2025
175,000.00 12/02/2021
1.06%
169,927.73
170,037.83
97.04 1.10%
169,811.60
183.08
1.55%
(226.23)
Aaa / AA+
AAA
3.58 3.55
TOTAL US Treasury 3,485,000.00 0.70%
3,503,713.11
3,500,382.12 0.83%
3,476,232.37
6,593.63
31.85%
(24,149.75)
Aaa / AA+
Aaa
2.44 2.40
TOTAL PORTFOLIO 10,876,282.77 1.08%
10,903,921.38
10,909,916.49 0.71%
10,904,286.99
31,570.50
100.00%
(5,629.50)
Aa1 / AA+
Aaa
1.98 1.82
TOTAL MARKET VALUE PLUS ACCRUALS 10,935,857.49
As of December 31, 2021
37 F.2.a
Packet Pg. 80
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Holdings Report
City of Orinda LAIF Portfolio - Account #10298
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
LAIF
90LAIF$00 Local Agency Investment Fund State Pool 23,302,260.83 Various
0.22%
23,302,260.83
23,302,260.83
1.00 0.22%
23,302,260.83
9,962.24
100.00%
0.00 NR / NR
NR
0.00 0.00
TOTAL LAIF 23,302,260.83 0.22%
23,302,260.83
23,302,260.83 0.22%
23,302,260.83
9,962.24
100.00%
0.00 NR / NR
NR
0.00 0.00
TOTAL PORTFOLIO 23,302,260.83 0.22%
23,302,260.83
23,302,260.83 0.22%
23,302,260.83
9,962.24
100.00%
0.00 NR / NR
NR
0.00 0.00
TOTAL MARKET VALUE PLUS ACCRUALS 23,312,223.07
As of December 31, 2021
38 F.2.a
Packet Pg. 81
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly
SECTION
| Section 5
| Transactions
39 F.2.a
Packet Pg. 82
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Transaction Ledger
City of Orinda Reserve Portfolio - Account #10296
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 10/15/2021 912828ZT0 200,000.00 US Treasury Note
0.25% Due: 05/31/2025
98.098 0.78% 196,195.31 187.16 196,382.47 0.00
Purchase 10/21/2021 362554AC1 25,000.00 GM Financial Securitized Term 2021-4 A3
0.68% Due: 09/16/2026
99.997 0.68% 24,999.36 0.00 24,999.36 0.00
Purchase 11/10/2021 91324PEB4 50,000.00 United Health Group Inc Callable Note Cont 5/15/2022
0.55% Due: 05/15/2024
99.426 0.78% 49,713.00 130.63 49,843.63 0.00
Purchase 11/15/2021 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due: 04/15/2026
99.998 0.71% 34,999.25 0.00 34,999.25 0.00
Purchase 11/15/2021 91282CDH1 200,000.00 US Treasury Note
0.75% Due: 11/15/2024
99.855 0.80% 199,710.94 0.00 199,710.94 0.00
Purchase 11/24/2021 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due: 01/21/2026
99.979 0.89% 34,992.62 0.00 34,992.62 0.00
Purchase 12/03/2021 91282CAB7 175,000.00 US Treasury Note
0.25% Due: 07/31/2025
97.102 1.06% 169,927.73 148.61 170,076.34 0.00
Purchase 12/22/2021 3130AQF40 150,000.00 FHLB Note
1% Due: 12/20/2024
99.912 1.03% 149,868.00 0.00 149,868.00 0.00
Purchase 12/28/2021 91159HHX1 125,000.00 US Bancorp Callable Note Cont 6/28/2024
2.4% Due: 07/30/2024
103.338 1.09% 129,172.50 1,233.33 130,405.83 0.00
Subtotal 995,000.00 989,578.71 1,699.73 991,278.44 0.00 TOTAL ACQUISITIONS 995,000.00 989,578.71 1,699.73 991,278.44 0.00
DISPOSITIONS
Sale 10/15/2021 912828YA2 250,000.00 US Treasury Note
1.5% Due: 08/15/2022
101.184 0.08% 252,958.98 621.60 253,580.58 3,144.92
Sale 12/03/2021 313378CR0 150,000.00 FHLB Note
2.25% Due: 03/11/2022
100.591 0.08% 150,886.50 768.75 151,655.25 718.54
September 30, 2021 through December 31, 2021
As of December 31, 2021
40 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Transaction Ledger
City of Orinda Reserve Portfolio - Account #10296
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss Sale 12/22/2021 3135G0W33 125,000.00 FNMA Note
1.375% Due: 09/06/2022
100.790 0.25% 125,987.50 506.08 126,493.58 1,089.90
Subtotal 525,000.00 529,832.98 1,896.43 531,729.41 4,953.36 Call 12/23/2021 91159HHP8 125,000.00 US Bancorp Callable Note Cont 12/23/2021
2.625% Due: 01/24/2022
100.000 2.63% 125,000.00 1,358.07 126,358.07 -79.00
Subtotal 125,000.00 125,000.00 1,358.07 126,358.07 -79.00 Maturity 11/15/2021 3133EJT74 250,000.00 FFCB Note
3.05% Due: 11/15/2021
100.000 250,000.00 0.00 250,000.00 0.00
Subtotal 250,000.00 250,000.00 0.00 250,000.00 0.00
TOTAL DISPOSITIONS 900,000.00 904,832.98 3,254.50 908,087.48 4,874.36 September 30, 2021 through December 31, 2021
As of December 31, 2021
41 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Transaction Ledger
City of Orinda LAIF Portfolio - Account #10298
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 10/15/2021 90LAIF$00 12,361.14 Local Agency Investment Fund State Pool 1.000 0.21% 12,361.14 0.00 12,361.14 0.00 Subtotal 12,361.14 12,361.14 0.00 12,361.14 0.00
Security
Contribution
12/21/2021 90LAIF$00 5,000,000.00 Local Agency Investment Fund State Pool 1.000 5,000,000.00 0.00 5,000,000.00 0.00 Subtotal 5,000,000.00 5,000,000.00 0.00 5,000,000.00 0.00 TOTAL ACQUISITIONS 5,012,361.14 5,012,361.14 0.00 5,012,361.14 0.00
DISPOSITIONS
Security
Withdrawal
10/25/2021 90LAIF$00 750,000.00 Local Agency Investment Fund State Pool 1.000 750,000.00 0.00 750,000.00 0.00 Subtotal 750,000.00 750,000.00 0.00 750,000.00 0.00
TOTAL DISPOSITIONS 750,000.00 750,000.00 0.00 750,000.00 0.00 September 30, 2021 through December 31, 2021
As of December 31, 2021
42 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Important Disclosures
2021 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. 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 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.
As of December 31, 2021
43 F.2.a
Packet Pg. 86
Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly Benchmark Disclosures
ICE BofA 1-3 Yr US Treasury & Agency Index
The ICE BofA 1-3 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 three 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.
As of December 31, 2021
44 F.2.a
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Attachment: Fiscal Year 2021-2022 Quarter 2 Report (October 2021 - December 2021) (2707 : Quarterly City Council
Staff Report
Agenda Item: F.3
Date: March 15, 2022
Department: City Clerk
AGENDA TITLE: Authorization For Continued Use of Remote Teleconference for City Meetings
RECOMMENDATION:
Approve the Ratification of Orinda City Council Resolution No. 42-21 and Authorize the Continued Use of Teleconference Meetings for the Period of March 16, 2022 to April 15, 2022 Pursuant to the Provisions of Assembly Bill 361.
BACKGROUND:
On October 5th, 2021 the Orinda City Council adopted Resolution No. 42-21 approving the continued use of teleconferencing for the meetings of all City legislative bodies pursuant to the provisions of Assembly Bill 361. The resolution was ratified on October 19th, and at subsequent meetings through 2021 and 2022.
DISCUSSION:
At the time of adoption, the City Council anticipated that the resolution would appear on its consent calendar for review and ratification or update at regular Council meetings.
The State law authorizes the continuation for as long as the Governor’s proclaimed state of emergency relating to the COVID-19 pandemic remains in effect. On February 25, 2022 Governor Newsom issued an Executive Order which extends the emergency proclamation to June 30, 2022. State law also provides that the City Council determine that they desire to continue remote public meetings and make the necessary findings at least every thirty days. Those findings were contained in Orinda City Council Resolution No. 42-21, which staff recommends the Council vote to ratify based on current conditions.
Approval of this item will allow all public bodies established by the City of Orinda and covered by Resolution No. 42-21 to continue to conduct teleconferencing meetings.
On March 1, 2022, Contra Costa Health Services issued the attached revised Recommendations for Safely Holding Public Meetings in which online meetings are still strongly recommended.
FISCAL IMPACT:
None.
ATTACHMENTS:
A. Weblink to: Staff Report, Adopted Resolution at October 5, 2021 Council Meeting B. Contra Costa Health Services Recommendations for Safely Holding Public Meetings F.3
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Respectfully Submitted by:
Sheri Smith
City Clerk
Prepared By: Sheri Smith, City Clerk
Approved by:
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RECOMMENDATIONS FOR SAFELY HOLDING PUBLIC MEETINGS
Each local government agency is authorized to determine whether to hold public meetings in person, on-line (teleconferencing only), or via a combination of methods. The following are recommendations from the Contra Costa County Health Officer to minimize the risk of COVID 19 transmission during a public meeting.
1. Online meetings (i.e. teleconferencing meetings) are strongly recommended as these meetings present the lowest risk of transmission of SARS CoV-2, the virus that causes COVID 19. This is particularly important in light of the current community prevalence rate as of March 1, 2022.
Our current trends as of March 1, 2022 in Covid-19 case rate, Covid-19 test positivity, and Covid19 hospitalizations are decreasing, but cases rates remain high with the Omicron variant of Covid-19 being the predominant variant identified, the impact of which on the spread of Covid19 has shown to dramatically increase COVID-19 transmission.
2. If a local agency determines to hold in-person meetings, offering the public the opportunity to attend via a call-in option or an internet-based service option is recommended, when possible, to give those at higher risk of and/or higher concern about COVID-19 an alternative to participating in person.
3. A written safety protocol should be developed and followed. It is recommended that the protocol require social distancing – i.e., six feet of separation between attendees – and face masking of all attendees.
4. Seating arrangements should allow for staff and members of the public to easily maintain at least six-foot distance from one another at all practicable times.
5. Consider holding public meetings outdoors. Increasing scientific consensus is that outdoor airflow reduces the risk of COVID-19 transmission compared to indoor spaces. Hosting events outdoors also may make it easier to space staff and members of the public at least 6 feet apart.
6. Current evidence is unclear as to the added benefit of temperature checks in addition to symptom checks. We encourage focus on symptom checks as they may screen out individuals with other Covid-19 symptoms besides fever and help reinforce the message to not go out in public if you are not feeling well.
7. Consider a voluntary attendance sheet with names and contact information to assist in contact tracing of any cases linked to a public meeting.
Revised 3-1-2022
Sefanit Mekuria, MD, MPH
Deputy Health Officer, Contra Costa County
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Attachment: Contra Costa Health Services Recommendations for Safely Holding Public Meetings (2709 : Ratify Continued Teleconference City Council
Staff Report
Agenda Item: F.4
Date: March 15, 2022
Department: Human Resources
AGENDA TITLE: Consider Adoption of a Revised Schedule of Hourly Pay Rates for Temporary, Seasonal and Project Positions to address minimum wage rate increases and establish a reasonable wage range
RECOMMENDATION:
It is recommended that the City Council adopt Resolution 10-22 approving the revised Hourly Pay Rates for Temporary, Seasonal and Project Positions.
BACKGROUND:
On October 30, 2018, the Council adopted Resolution 74-18 establishing the job classifications and an associated salary schedule for positions identified as temporary, seasonal and project positions. On November 5, 2019 the Council adopted Resolution 62-19 lowering the minimum hourly pay rate for the classification of Special Projects Associate to allow more flexibility for limited term personnel within this broad classification range. Since 2018 there have been no increases to the hourly pay rate changes for temporary, seasonal and project positions. For the past two years, due to COVID-19, the City operated without many temporary or seasonal employees, yet the minimum wage has increased from $12.00 per hour on January 1, 2019, to the current minimum hourly wage of $15.00 per hour.
DISCUSSION:
City Departments hire a variety of part-time and seasonal staff to supplement the regular, full time positions. This is especially prevalent in the Parks & Recreation Department where programming requirements change throughout the year based on the season. The Council established base pay rates for all temporary, seasonal and project (limited term) positions on October 30, 2018. At that time the minimum wage rate was $11.00 per hour which equaled the starting rate of pay for several positions.
Since this time, the California Minimum Wage increased to $15.00 per hour effective January 1, 2022 for employers with twenty-six or more employees. To comply with the State’s minimum wage rate law, the City needs to amend the current salary schedule to increase classifications to implement a modest pay range. The City Manager has the authority, subject to available funds within the approved budget, to approve temporary, seasonal or project (limited term) workers.
Based on a review of similar positions in comparable cities and considering that no salary increase has been implemented since 2018, Staff recommends that the salary schedule be modified to address changes in minimum wage and provide a reasonable wage range for these positions which will aid with recruitment and retention of the temporary workforce, particularly for upcoming summer programs in Parks and Recreation.
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The recommended adjustments are noted below. The current hourly rates are struck out while the proposed rates are in redline format:
Staff has prepared a Resolution (Attachment A) which includes an adjustment to the previously adopted temporary and part-time schedule of hourly rates.
FISCAL IMPACT:
There are no immediate fiscal impacts associated with this agenda item. The assignment of temporary personnel are subject to available budgeted funds and City Manager approval.
ATTACHMENTS:
A. Resolution 10-22 Amending Hourly Rate for Temporary-Seasonal-Project Positions Respectfully Submitted by:
Ginger Staton
Human Resources Manager
Prepared By: Ginger Staton, Human Resources Manager
Approved by:
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BEFORE THE CITY COUNCIL OF THE CITY OF ORINDA
In the Matter of:
Approving a revised Hourly Pay-Rate )
Schedule for Temporary, Seasonal )
And Project Positions ) Resolution No. 10-22
WHEREAS, it is desirable to periodically update the hourly pay-rate schedule for personnel identified as temporary, seasonal or project positions in the City of Orinda Personnel Rules; and
WHEREAS, the City Council on October 30, 2019 adopted Resolution 74- 18 establishing hourly pay rates for temporary and seasonal positions in Resolution 74-18; and
WHEREAS, the City Council on November 5, 2019 adopted Resolution 62-19 lowering the minimum hourly pay rate for the Special Projects Associate position; and
WHEREAS, temporary hourly rates Schedule for all classifications, have not been adjusted since and the California Minimum Wage has risen since 2018; and
WHEREAS, in order to keep up with current minimum wage law and adjust in order to maintain a reasonable wage range for temporary and seasonal positions;
NOW THEREFORE BE IT RESOLVED he City Council adopts the hourly pay rates for temporary, part-time, and project positions as attached hereto as Exhibit A, and effective March 19, 2022
Adopted by the City Council of the City of Orinda at a regular meeting on March 15, 2022 by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
Dennis Fay, Mayor
ATTEST:
Sheri Marie Smith, City Clerk
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Attachment: Resolution 10-22 Amending Hourly Rate for Temporary-Seasonal-Project Positions (2715 : Revised Pay Rates for Temporary F.4.a
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Attachment: Resolution 10-22 Amending Hourly Rate for Temporary-Seasonal-Project Positions (2715 : Revised Pay Rates for Temporary City Council
Staff Report
Agenda Item: F.5
Date: March 15, 2022
Department: City Council
AGENDA TITLE: Accept Work for the Wilder Fields 1 & 2 Turf Replacement Project #4013, and Authorize the City Clerk to sign and file a Notice of Completion with the Contra Costa County Clerk-Recorder
RECOMMENDATION:
Staff recommends that the City Council adopt Resolution No. 08-22 to accept work for the Wilder Fields 1 & 2 Turf Replacement Project #4013 performed under contract with Valley Precision Grading, Inc. and authorize the City Clerk to sign and file the Notice of Completion for the contract with the Contra Costa County Clerk-Recorder.
BACKGROUND:
On June 29, 2021, the City Council confirmed the award of a construction contract to Valley Precision Grading, Inc. of Rancho Cordova, California in the amount of $1,194,752 for performance of said project. The City Council also authorized contingency expenditure to allow change orders up to 9% of the original contract amount, for a total construction budget of $1,304,680.
Upon contract execution on July 7, 2021, the contractor was notified to proceed with procuring the turf material. Due to the covid pandemic delays to the manufacture of the synthetic turf, and in order to work outside of soccer schedules, it was mutually agreed to schedule the field work to start November 1, 2021. The project was completed within the agreed schedule and no liquidated damages were assessed to the Contractor upon substantial completion of the project, which occurred on January 21, 2022.
DISCUSSION:
In order to issue the payment of the final retention, and close out the contract, it is presented for acceptance by the City Council.
The final contact value is $1,194,752; no change orders were required.
NEXT STEPS:
Upon City Council approval, the City Engineer will sign the Notice of Completion and the City Clerk will record it with Contra Costa County Clerk-Recorder’s office. Retention (5% of the contract value) will be released in accordance with the contract documents and the Public Contract Code.
FISCAL IMPACT:
The construction associated with this project was funded from the Wilder Community Maintenance Endowment (Fund #340).
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ATTACHMENTS:
A. Resolution 08-22 Accept Wilder Fields 1 & 2 Turf Replacement (VPG) B. NOC
Respectfully Submitted by:
Scott Christie
Acting Public Works Director
Prepared By: Scott Christie, Acting Public Works Director Approved by:
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BEFORE THE CITY COUNCIL OF THE CITY OF ORINDA
In the Matter of:
Accept Work for the Wilder Fields 1
& 2 Turf Replacement Project
#4013, and Authorize the City
Clerk to sign and file a Notice of
Completion with the Contra Costa
County Clerk-Recorder
)
) Resolution No. 08-22
)
)
)
)
)
)
WHEREAS, Valley Precision Grading, Inc., has completed the work in accordance with the construction contract documents for the Wilder Fields 1 & 2 Turf Replacement Project #4013; and
WHEREAS, the Acting Director of Public Works has recommended that the work be accepted as complete.
NOW THEREFORE BE IT RESOLVED that the work accomplished by Valley Precision Grading, Inc., under the terms and conditions of the above-referenced construction contract documents is hereby accepted.
BE IT FURTHER RESOLVED that the City Clerk is hereby authorized to sign and file the Notice of Completion with the Contra Costa County Clerk-Recorder.
BE IT FURTHER RESOLVED that the Administrative Services Director is hereby authorized to release all withheld project retention in accordance with the contract documents and the Public Contract Code.
Adopted by the City Council of the City of Orinda at a regular meeting on March 15, 2022, by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
Dennis Fay, Mayor
ATTEST:
Sheri Marie Smith, City Clerk
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Attachment: Resolution 08-22 Accept Wilder Fields 1 & 2 Turf Replacement (VPG) (2712 : Accept the Contract with VPG for Wilder Turf WHEN RECORDED, RETURN TO:
City Clerk/Public Works Dept.
City of Orinda
22 Orinda Way
Orinda, CA 94563
NO FEE DOCUMENT
(Government Code section 27383)
TITLE:
Notice of Completion for
Wilder Fields 1 & 2 Turf Replacement Project #4013
(Contractor: Valley Precision Grading, Inc.)
NOTICE IS HEREBY GIVEN by the undersigned, those certain improvements, to wit:
Wilder Fields 1 & 2 Turf Replacement Project #4013 at Wilder Sports Fields on Wilder Rd., Orinda
Project location in the City of Orinda, Contra Costa County, California:
Property Owner: Interest in Property is owned by City of Orinda (a municipal corporation, 22 Orinda Way, Orinda CA 94563) in fee title.
The contract which has heretofore been let to Valley Precision Grading Inc., and which contract was filed for record in the City Clerk’s office in the City of Orinda, Contra Costa County, California, was actually completed in accordance with the plans and specifications, and the work was completed and accepted by the City of Orinda, on 3/15/2022 Information pertaining to the estimate of cost, names of bidders with prices bid, changes in adopted and approved plans and specifications, and the total cost of work is on file in the City Clerks’ office of the City of Orinda.
CITY OF ORINDA,
a municipal corporation
Date: ________________ By: ____________________________________ Scott Christie, Acting PW Director
R.C.E. #36272
City of Orinda
22 Orinda Way
Orinda, CA 94563
I hereby certify, under penalty of perjury, that the above Notice of Completion was duly accepted by the City Council of the City of Orinda at a regular meeting thereof held on 3/15/2022 ______________________________
Sheri Smith, City Clerk
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Attachment: NOC (2712 : Accept the Contract with VPG for Wilder Turf Replacement) City Council
Staff Report
Agenda Item: F.6
Date: March 15, 2022
Department: Planning Department
AGENDA TITLE: General Plan Safety Element Update – Authorize Contract Amendment No. 1 to Professional Planning Services Contract with PlaceWorks, Inc. for the Update of the General Plan Housing Element and Safety Element to Allow for Additional Evacuation Route Analysis in Safety Element
RECOMMENDATION:
Staff recommends that the City Council: authorize the City Manager and City Clerk to execute Contract Amendment No. 1 with PlaceWorks, Inc., subject to approval as to form by the City Attorney. The funding for this amendment was approved by the Council as part of the mid-year budget update on March 1, 2022.
BACKGROUND:
On June 15, 2021, the City Council awarded a professional services contract to PlaceWorks for preparation of an update to the General Plan Housing Element and Safety Element. The award was in the amount of $390,711 for the two updates, plus a contingency authorizing the City Manager to approve adjustments to the agreement provided they do not exceed a cumulative amount of $24,000.
On March 1, as part of the mid-year budget review the City Council authorized additional expenditures of up to $80,000 to cover the costs of an additional evacuation study to be folded into the Safety Element update, described in the staff report as follows:
In addition, while the update of the City’s Safety Element, now underway, will do a deeper dive into evacuation issues, it does not include a new State mandate to undertake what is referred to as an AB 747, as amended by AB 1409 in 2021, analysis which would only be triggered by an update of the Local Hazards Mitigation Plan, which will not occur for a number of years. Given community concerns about evacuations, it is timely to undertake this more informative analysis and to incorporate the results into the safety element. Given the Measure R emphasis on emergency preparedness, this is the most appropriate source of funding for this analysis.
DISCUSSION:
On February 16, 2022, PlaceWorks submitted a proposed scope of work for “conducting an analysis of evacuation route roadway capacity, evacuation-constrained residential locations, and potentially vulnerable households under plausible emergency scenarios in the City of Orinda, in compliance with California Government Code Section 65302.15, as established by California Assembly Bill (AB) 747 in 2019 and amended by AB 1409 in 2021” (Attachment A).
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NEXT STEPS:
Upon City Council authorization, Contract Amendment No. 1 will be executed by the parties, subject to review by the City Attorney.
FISCAL IMPACT:
The total cost for the scope of work of Contract Amendment No. 1 is $74,904, which would be funded through the Add-on One Cent Sales Tax Measure (Measure R/Fund 106).
ATTACHMENTS:
A. Placework Letter Proposal for Additional Scope of Work to Conduct Orinda Evacuation Route Analysis
Respectfully Submitted by:
Drummond Buckley
Director of Planning
Prepared By: Drummond Buckley, Director of Planning
Approved by:
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February 16, 2022
David Biggs
City Manager
City of Orinda
22 Orinda Way
Orinda, CA 94563
Subject: Orinda Evacuation Route Analysis
Dear David:
Please accept this letter as PlaceWorks’ proposal for the City of Orinda’s Evacuation Route Analysis.
Understanding of the Project
Thank you for considering this proposed scope of work and cost estimate for conducting an analysis of evacuation route roadway capacity, evacuation-constrained residential locations, and potentially vulnerable households under plausible emergency scenarios in the City of Orinda, in compliance with California Government Code Section 65302.15, as established by California Assembly Bill (AB) 747 in 2019 and amended by AB 1409 in 2021.This analysis would achieve the following goals:
» Identify evacuation routes and ‘pinch-point’ intersections along evacuation routes that are likely to be the most congested during an evacuation event, depending on dynamics of the hazard, roadway network characteristics, and expected number of vehicles moving through evacuation route intersections during an evacuation. Per Government Code Section 65302.15, the City is required to incorporate these findings into the Safety Element of its General Plan upon the next revision to the Contra Costa County Local Hazard Mitigation Plan on or after January 1, 2022. » Identify households that are most evacuation-constrained based on results of pinch-point analysis, as well as magnitude of and proximity to the hazard area and dynamics like rate of spread for wildfire.
» Identify shelters and areas of refuge where evacuees may be directed and recommend best practices for coordinating with surrounding jurisdictions to establish intra-jurisdictional areas of refuge.
» Identify households, residential care facilities, and other locations where specific evacuation communications and/or evacuation assistance may be needed (e.g., households with low or no vehicle access, elders living alone, households speaking limited English, and residents with disabilities).
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» Provide preliminary recommendations for evacuation roadways and intersections that are identified as most constrained.
Key Staff
The PlaceWorks team is made up of staff who are familiar with Orinda and are well-versed in evacuation analysis and public safety planning. Eli Krispi, Senior Associate, will serve as Project Manager. Eli is currently serving as the Project Manager for PlaceWorks for the in-progress update of the Safety Element for the City of Orinda and has extensive experience with climate adaptation and resilience, hazard mitigation, and related planning topics. Tammy L. Seale will serve as Principal-in-Charge and project advisor. Rob Mazur, Senior Associate, will serve as geographic information systems (GIS) lead.
Rob specializes in all facets of GIS work, including quantitative and spatial analysis, and has led other evacuation modeling efforts for PlaceWorks. Allison Giffin, Associate I, will play a pivotal support role in the GIS analysis and reporting phases of the project. Allison has experience working on similar projects and acted as project manager and GIS lead on PlaceWorks’ Disaster Analysis and Evacuation Study for the City of Elk Grove. These key staff will be supported by PlaceWorks’ experienced and interdisciplinary team, as needed.
Key Considerations:
» Almost all of Orinda is considered within the wildland-urban interface, with sizable portions in ‘Very High’ Fire Hazard Severity Zones (FHSZs), according to CalFire and the Moraga-Orinda Fire District. During a wildfire event, it is likely that most or all refuge areas will therefore necessarily be outside city limits, underscoring the importance of inter-jurisdictional coordination of evacuation efforts with surrounding unincorporated and incorporated communities like Lafayette, Moraga, Berkeley, and Oakland. The efforts of Contra Costa County and neighboring cities to assess evacuation routes and constraints are not included in this scope of work. » Orinda’s hilly topography limits access to and from the city and is susceptible to landslides, highlighting the importance of emergency response and evacuation plans. Potential strategies to increase capacity along potentially constrained evacuation routes may include contra-flow lanes, dynamic signage, vehicle reduction (carpooling) strategies, and the use of fire roads for evacuation purposes.
» Contra Costa County and the Moraga-Orinda Fire District (MOFD) have contracted with Zonehaven to support evacuation analysis, mapping, and community support software platform.
On November 23, 2021, the Contra County Board of Supervisors approved the Sheriff-Coroner, or designee, to reimburse the MOFD, as the subrecipient of the Urban Area Security Initiative (UASI) awarded to the Contra Costa County Sheriff’s Office in the amount of $300,000. According to the staff report, the “purpose of this grant is for MOFD to contract with Zonehaven for the development of a comprehensive evacuation support (software) system consisting of fire modeling, evacuation polygons, and an evacuation decision support tool,” which “will give the MOFD and the Contra Costa County Sheriff’s Office an additional tool to safely evacuate the citizens in the event of a catastrophic fire or other large-scale disaster.” How MOFD’s contract and scope of work with Zonehaven can be used by the City to support compliance with Government Code Section 65302.15 is unknown at this time.
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» The California Office of Planning and Research (OPR) is developing guidance for implementing Senate Bill 99 and AB 747, which PlaceWorks will integrate throughout the project as it becomes available. Our team anticipates draft guidance will be available in the spring of 2022 and will likely be finalized later in the year. Our proposed approach is based on best practices and our interpretation of the government code in the absence of guidance from the state.
Scope of Work
This scope of work consists of two activities: (1) identification of emergency scenarios, analysis of expected intersection and roadway constraints, and analysis of vulnerable locations; and (2) reporting, mapping, and development of web-based map applications for public consumption and outreach.
To complete this scope of work, the project team will rely on our extensive experience in hazard mitigation planning, GIS, and knowledge of current best practices, trends, and tools available for evacuation planning, like Zonehaven, and FlamMap. PlaceWorks will analyze, evaluate, and report on the following disaster scenario events relevant to the City of Orinda based on the Contra Costa County Local Hazard Mitigation Plan and other local emergency action plans: (1) multiple (three)wildfire scenarios originating from the open spaces surrounding Orinda, including Briones Park to the North, Lafayette Reservoir to the east, and open space areas to the south; and (2) potential landslides resulting from heavy rainfall, seismic activity, and/or topsoil that has become unstable due to wildfire. We are also prepared to model a third disaster scenario, to be identified upon further discussion with City staff and key stakeholders.
The final report will detail the method for identifying constrained intersections and for identifying vulnerable residential locations, summarize results of the analysis, display relevant demographic statistics and maps of vulnerable locations and constrained intersections, and provide recommendations based on analysis results. PlaceWorks will adapt relevant report findings and evacuation information from accessible interactive online formats like Zonehaven.
TASK 0. PROJECT INITIATION AND PROJECT MANAGEMENT
PlaceWorks will conduct short biweekly check-in meetings throughout critical phases of the project. We will prepare for and participate in a kick-off meeting to exchange information and initiate work, consistent with any applicable public health orders. At the project kick-off we will:
» Review the scope of work and schedule.
» Review any legal requirements.
» Confirm the selection of disaster scenarios analyzed and the overall approach to the analysis. » Provide a list of data needs.
Deliverables: Kick-off meeting agenda and data needs list (electronic copy in PDF), agendas for subsequent calls with staff (electronic copies in PDF), and virtual participation in 14 biweekly check-in meetings with City staff.
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TASK 1. SCENARIO SELECTION, PARAMETERIZATION, AND ANALYSIS
1.1 Disaster Scenario Selection, Parameterization, and Method PlaceWorks will work with City staff to confirm and parameterize key disaster scenarios to be analyzed focusing on two primary hazards in the area: fire and landslides. We are also prepared to model a third hazard scenario, to be identified upon further discussion with City staff and key stakeholders. The parameters assessed for each scenario will include:
» Congestion thresholds used for evacuation route congestion analysis. » Demographic indicators used to construct residential vulnerability assessments with the affected areas, including, but not limited to, seniors living alone, residents with disabilities, households without internet, residents without cell phones or internet access, persons without access to a vehicle, and linguistically isolated groups.
» Critical evacuation facilities (e.g., assisted living facilities, schools). » Extent of evacuation study area.
» Timing, intensity, and dynamics of potential scenarios. » Data requirements and software options.
PlaceWorks will rely on publicly available (e.g., Census) data, data from Contra Costa County, and the City of Orinda GIS staff to provide the GIS data and other background data/documents required for the analysis. We will include limited budget (20 hours) for data development and processing, which includes digitizing data from existing reports, processing of incomplete data, and similar work efforts. Data sources and demographic groups will be consistent with the Vulnerability Assessment currently being prepared as part of the City’s Safety Element update.
Deliverables: Evacuation Scenario Analysis Methods Plan (electronic copy in PDF, to be used as the methods section within final report).
1.2 Evacuation Scenario Analysis
PlaceWorks will begin to analyze each disaster scenario following the parameters defined in Task 1.1.
This analysis will focus on answering the following questions:
» What is the peak capacity of evacuation routes leading out of the affected areas and will they be able to handle the traffic load before/during a disaster event? Which evacuation route segments and/or intersections are likely to be the most congested during each evacuation scenario? » Where are the major pinch points restricting flow out of the affected areas, and where are households most evacuation-constrained, based on limited points of ingress and egress? F.6.a
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» Who are the vulnerable populations and where are they concentrated in the study area, and what is their spatial relationship to the concentration of evacuation-constrained households? » What general best practices can be employed during an evacuation event based on expected congestion conditions and vulnerability characteristics resulting from the analysis? Prior to moving forward with the analysis, PlaceWorks will coordinate with Contra Costa County, MOFD, or other interested parties and Zonehaven to assess if any of this work has already been completed by the County or MOFD. If any of these steps have already been completed or additional data is available through the County’s or MOFD’s efforts, PlaceWorks will use these data and information to the extent possible.
Deliverables: Datasets (Excel and GIS geodatabase) detailing constrained evacuation route segment and/or intersection locations, constrained residential locations, and residential locations with high vulnerability risk.
1.3 Study Sessions
PlaceWorks will conduct a series of study sessions with elected and appointed City officials to share the preliminary results of the analysis. We anticipate that these study sessions will occur as an item on regularly scheduled meetings or special sessions as the schedule requires. PlaceWorks will prepare materials for these meetings and be available to give presentations and answer questions. We expect one meeting with the City Council and a second meeting with the Planning Commission or other body.
Deliverables: Presentations for and attendance at two meetings.
TASK 2. REPORTING, MAPPING, AND OUTREACH
PlaceWorks will use the results of the analysis to map and report on each of the key indicators listed in Task 1.2. The maps and data produced from the analysis will be the focal point of outreach efforts to inform residents of possible hazards in their community and planned evacuation protocols.
2.1 Evacuation Scenario Reporting
PlaceWorks will prepare a report providing a narrative summary of the Evacuation Scenario Analysis.
The final report will detail the methods, display relevant maps and graphics, and provide recommendations based on analysis results.
Deliverable(s):
One electronic copy (in MS Word and PDF) of the final report, including all associated GIS data and map documents (MXD, APRX) used and developed for the project.
2.2 Evacuation Scenario Web Map Application Development PlaceWorks will develop a web-based map tool, meant to inform the public of important evacuation and disaster planning information, what the result of this analysis means for properties and F.6.a
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neighborhoods, and how to prepare for potential disasters and evacuation scenarios. Users may click data layers in each scenario depicted in the interactive map tool to find out evacuation route information and to sign up for important community alerts.
Following the completion of Task 2.2, PlaceWorks will present the web-based map tool to City Council and stakeholders.
Deliverables: One web-based map tool with parcel query function. Presentation for and attendance at one meeting.
Proposed Schedule
PlaceWorks assumes the project will start shortly after the March 1,2022, City Council meeting. Please see the proposed schedule in Table 1.
Table 1. Proposed Schedule
TASK DATE
Project Initiation and Project Management March 2022
Disaster Scenario Selection, Parameterization, and Methodology March – April 2022 Evacuation Scenario Analysis April – June 2022
Evacuation Scenario Reporting July – August 2022
Evacuation Scenario Web Map Application Development August – September 2022 F.6.a
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Cost Estimate
The total cost for this scope of work is $74,904.
Table 2. Cost Estimate
TASK COST
Project Initiation and Project Management $16,136
Disaster Scenario Selection, Parameterization, and Methodology $9,833 Evacuation Scenario Analysis $17,636
Meetings and Study Sessions $7,742
Evacuation Scenario Reporting $11,883
Disaster Scenario Web Map Application Development $10,924 Reimbursable Expenses $750
GRAND TOTAL $74,904
Table 3. PlaceWorks – 2022 Standard Fee Schedule
STAFF LEVEL HOURLY BILL RATE
Principal $210-$335
Associate Principal $195-$225
Senior Associate/Senior Scientist $170-$210
Associate/Scientist $135-$165
Project Planner/Project Scientist $105-$125
Planner/Assistant Scientist $90-$110
Graphics Specialist $90-$135
Administrator $145-$200
Clerical/Word Processing $45-$150
Intern $75-$95
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Acknowledgement
This proposal shall remain valid for a period of 90 days from the time of submittal. As a Principal at PlaceWorks, Tammy L. Seale is authorized to bind PlaceWorks and the project team to the contents of this proposal.
We look forward to working with you to bring about the successful completion of this project. If you have any questions regarding the contents of this proposal, please feel free to contact the undersigned.
Respectfully submitted,
PlaceWorks
Tammy L. Seale Eli Krispi
Principal Senior Associate
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Packet Pg. 109 Attachment: Placework Letter Proposal for Additional Scope of Work to Conduct Orinda Evacuation Route Analysis (2711 : Placeworks City Council
Staff Report
Agenda Item: F.7
Date: March 15, 2022
Department: City Council
AGENDA TITLE: Subdivision Improvement Agreement Extension for J&J Ranch Subdivision 9271
RECOMMENDATION:
Staff recommends adoption of Resolution 07-22 to extend the time by which J&J Ranch, LLC must complete all required improvements in the J&J Ranch Subdivision to April 18, 2023.
BACKGROUND:
On April 17, 2018, City Council adopted Resolution 24-18 which included the approval of the Final Map for the J&J Ranch, Subdivision 9271, Subdivision Improvement Agreement (SIA) with J&J Ranch, LLC, the Stormwater Operations and Maintenance Agreement and Right of Entry; and accepted a Grant of Open Space and Scenic Easement Deed.
Section 6 of the SIA (Attachment A) requires J&J Ranch, LLC to complete all of the Improvements within the final map within two years of the date of the agreement (April 18, 2020) or prior to issuance of the first certificate of occupancy for the first building within the project. At their September 15, 2020 meeting, City Council approved an extension of the SIA by Resolution 57-20, until April 18, 2022 for a new deadline for completion of all subdivision improvements in Final Maps 9271.
The developer, J&J Ranch, LLC has been constructing subdivision improvements since the summer of 2018. Roadways and stormdrains within the subdivision are private and will ultimately be maintained by a homeowners association. Most of the improvements have been constructed, including roadways, utility lines (potable water, sewer, gas & electric), stormdrain facilities, curb, gutter and sidewalk. The remaining items of work include planting in the stormwater bioretention facility, repaving Donna Maria (the preexisting private portion from El Camino Moraga to the beginning of the subdivision) and completion of the restoration work at the historic Joaquin Moraga Adobe structure that is within the subdivision.
DISCUSSION:
J&J Ranch, LLC has requested an extension of the completion date by one year, primarily for two reasons:
(1) To allow repaving Donna Maria when school is out (which is after the current deadline)
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(2) To allow adequate time to properly complete the restoration of the Adobe. Progress on the Adobe has been delayed due to a number of finish details that J&J have been working on with the Friends of the Joaquin Moraga Adobe. These have been recently settled but finding and scheduling the craftsmen necessary has required a conservative completion date, as requested.
Staff recommends granting the extension request since adequate progress is being made by the developer and the City still holds bonds paid for by the developer with adequate amounts ($631,000) to cover the cost of the remaining work.
FISCAL IMPACT:
There is no fiscal impact to the City as a result of approving the extension. J&J Ranch, LLC has submitted the required deposit ($1,200) for the Subdivision Improvement Agreement Extension Fee in accordance with the City’s current Fee Schedule.
NEXT STEPS:
Upon City Council adoption of Resolution 07-22 (Attachment B), Staff will advise the developer that the completion date for said improvements is extended until April 18, 2023.
ATTACHMENTS:
A. RECORDED J&J Ranch Subdivision Improvement Agreement B. Resolution 07-22 J&J Ranch SIA Extension
Respectfully Submitted by:
Scott Christie
Acting Public Works Director
Prepared By: Scott Christie, Acting Public Works Director Approved by:
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Packet Pg. 112 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 113 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 114 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 115 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 116 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 117 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 118 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 119 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 120 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 121 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 122 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 123 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 124 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 125 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 126 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 127 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 128 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 129 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 130 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 131 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 132 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 133 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 134 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 135 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 136 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 137 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 138 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 139 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 140 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) F.7.a
Packet Pg. 141 Attachment: RECORDED J&J Ranch Subdivision Improvement Agreement (2710 : J&J SIA extension) 1 BEFORE THE CITY COUNCIL OF THE CITY OF ORINDA
IN THE MATTER OF:
SUBDIVISION IMPROVEMENT
AGREEMENT EXTENSION
FOR J&J RANCH SUB 9271
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RESOLUTION NO. 07-22
WHEREAS, the City of Orinda and J&J Ranch, LLC, the developer of a subdivision located at the end of Donna Maria Way/Adobe Lane in Orinda, executed a Subdivision Improvement Agreement (SIA), which was recorded in the official records of Contra Costa County on May 8, 2018;
WHEREAS, the 2018 SIA provides for the required subdivision improvements (Improvements) associated with J&J Ranch Final Map 9271; WHEREAS, Section 6 of the SIA requires J&J Ranch, LLC to complete all of the Improvements within the final map within two years of the date of the agreement (April 18, 2020) or prior to issuance of the first certificate of occupancy for the first building within the project;
WHEREAS, City Council approved an extension of the SIA by Resolution 57-20, until April 18, 2022 for a new deadline for completion of all subdivision improvements in Final Maps 9271;
WHEREAS, J&J Ranch, LLC has now proposed to extend to the SIA one additional year until April 18, 2023 for a new deadline for completion of all subdivision improvements in Final Maps 9271;
WHEREAS, the City has considered this requested extension pursuant to Section 7 of the SIA, which allows the City, in its sole discretion, to extend the time for completion of improvements for good cause shown, provided sufficient security will remain in place during the term of the extension;
WHEREAS, City Staff has reviewed and confirmed the sufficiency of security in place for SIA performance; and
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Packet Pg. 142 Attachment: Resolution 07-22 J&J Ranch SIA Extension (2710 : J&J SIA extension) 2 NOW, THEREFORE, BE IT RESOLVED, that the deadline for J&J Ranch, LLC to complete the Improvements within Final Map 9271, per the SIA is hereby extended to April 18, 2023.
Adopted by the City Council of the City of Orinda at a regular meeting on March 15, 2022 by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
Dennis Fay, Mayor
ATTEST:
Sheri M. Smith, City Clerk
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Packet Pg. 143 Attachment: Resolution 07-22 J&J Ranch SIA Extension (2710 : J&J SIA extension) City Council
Staff Report
Agenda Item: H.1
Date: March 15, 2022
Department: Administration
AGENDA TITLE: Possible Participation in the Cleaner Contra Costa Challenge RECOMMENDATION:
Receive Report, Discuss, and Provide Direction, if any
BACKGROUND: On March 1, 2022, as a Matter Initiated, the City Council requested a future agenda item to discuss the possibility of participating in the Cleaner Contra Costa Challenge after a public comment from a member of the Miramonte High School Climate Change Club.
DISCUSSION: The Cleaner Contra Costa Challenge is an initiative of a non-profit organization called Sustainable Contra Costa. The Cleaner Contra Costa Challenge encourages homeowners and others to make changes to their energy and other resource consumption to reduce their carbon footprint and assist in achieving climate change-related objectives. Anyone in Contra Costa County can participate in this program currently. More information on the program generally can be found through this link: https://sustainablecoco.org/cleaner-contra-costa-challenge/ The request from the Miramonte Student was for the City to undertake a more Orinda centric effort similar to the one underway in Moraga called the Sustainable Moraga Challenge, which is a more targeted and focused effort in that community to get residents there to engage with the generally available Cleaner Contra Costa Challenge.
In addition to staff time, Sustainable Contra Costa is seeking a $1,500 contribution to undertake a Sustainable Orinda Challenge. The City of Moraga has thus far made two contributions of $1,500 each for a total of $3,000 to support the ongoing Sustainable Moraga Challenge according to their staff reports to the City Council.
In addition to the request from the Miramonte Student, the City was approached in late January by Sustainable Contra Costa regarding this initiative and, that letter is provided as Attachment 1.
NEXT STEPS: The City Council could request a more detailed analysis of this matter including a presentation from Sustainable Contra Costa, or could provide direction to staff regarding participation based on the information provided.
FISCAL IMPACT: None as result of this item. There would be staff time required, and $1,500 would need to be made available to be paid to Sustainable Contra Costa, to initiate a Sustainable Orinda Challenge.
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ATTACHMENTS:
A. 2022 Partner Letter Orinda - Sustainable Contra Costa B. E-mail from Kaitlyn Roach
Respectfully Submitted by:
David Biggs
City Manager
Prepared By: Sheri Smith, City Clerk
Approved by:
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YOUR 2022 SUSTAINABLE CONTRA COSTA PARTNERSHIP
January 28, 2022
Dear David,
We invite the City of Orinda to Partner with Sustainable Contra Costa (SCOCO) and the Cleaner Contra Costa Challenge! With the help of Partners like you, we’ve educated thousands of individuals about sustainable living and have inspired people of all ages to take actions that reduce waste, save resources, support the local economy, and build healthy, more resilient communities. SCOCO works with student and adult groups in our Partner Cities to help them learn about solutions and local resources, and work together to take measurable actions that improve their lifestyles and the overall wellbeing of the local community.
Sustainable Contra Costa launched the Cleaner Contra Costa Challenge in 2019 in partnership with Contra Costa County and the cities of Walnut Creek, San Pablo, and Antioch to advance community goals for health, safety, economic vitality, energy independence, and quality of life. A generous grant from the Bay Area Air Quality Management District provided funding for the development of the online platform and the first two years of the community engagement program. This online platform is a valuable tool for people to measure their household footprint, find practical solutions, create an action plan, track their progress, and save money. Adults and Youth are able form teams and community groups to participate in friendly competitions, support each other, and celebrate their collective accomplishments.
We’re excited to invite the City of Orinda to join the Cleaner Contra Costa Challenge in FY 2022 with a sponsorship in the amount of $1,500 (you may select a higher amount per the below tiers).
Your funding will support the following activities:
● Sustainable Contra Costa will conduct community outreach throughout the year to engage and inspire Orinda residents, students, and groups to learn about solutions and take steps to reduce waste, save resources, support the local economy, and build a more connected, resilient community. We will work with teachers and students at Miramonte High School - providing science and action-based curriculum with measurable activities to empower students to make a difference.
● SCOCO will set up a regional page on the Cleaner Contra Costa Challenge platform in order to view and track progress of Orinda student residents, Clean Teams, and Community Groups. Orinda-specific messaging, programs, rebates and resources will be loaded into the platform for all users with an Orinda address to access. ● SCOCO will help promote Orinda’s sustainability-related programs and initiatives (e.g. fire prevention measures, supporting local business, composting, etc.) throughout the year via group presentations, newsletters, and social media.
Can we count on you to become a SCOCO Partner for 2022 at the $1,500 Champion Partner level? (details below) We’ll put those resources to work leveraging our shared enthusiasm for clean, safe, and resilient communities.
Let’s put our best feet forward to make Contra Costa and the City or Orinda beautiful, healthy and economically vibrant today and for our future generations!
Together in Action!
Tina Neuhausel and the SCOCO Team
Sustainable Contra Costa | 501c3 Nonprofit Organization - Tax ID #30-0670501 www.sustainablecoco.org | [email protected] | 2156 Stewart Ave, Walnut Creek 94596 H.1.a
Packet Pg. 146 Attachment: 2022 Partner Letter Orinda - Sustainable Contra Costa (2703 : Sustainable Contra Costa) 2022 SCOCO PARTNERSHIP LEVELS & BENEFITS
VISIONARY - $10,000+
Prominently featured logo on SCOCO website and SCOCO Network; positive brand association with Sustainability Live!, the Leadership in Sustainability Awards Event, Cleaner Contra Costa, and Sustainable Living Workshops; leverage your ability to improve the community.
● E-Newsletter Feature Article showcasing sponsors’ participation and work in the community ● Featured Visionary sponsor of the Leadership in Sustainability Awards Event ● Full-page color ad in the Annual Awards Booklet
● Employee and community education services customized to your needs ● Logo & link on SCOCO and SCOCO Network websites, links in SCOCO Insights e-news and social media BENEFACTOR - $7,000+
Prominently featured logo on SCOCO website and SCOCO Network; positive brand association with Sustainability Live!, the Leadership in Sustainability Awards Event, Cleaner Contra Costa Challenge, and Sustainable Living Workshops; leverage your ability to improve the community.
● E-Newsletter Feature Article showcasing sponsors’ participation and work in the community ● Featured Benefactor sponsor of the Leadership in Sustainability Awards Event ● Full-page color ad in the Annual Awards Booklet
● Employee and community education services customized to your needs ● Logo & link on SCOCO and SCOCO Network websites, links in SCOCO Insights e-news and social media SUSTAINER - $3,000 (City Partner level for Cleaner Contra Costa - over 30,000 residents) Prominently featured logo on SCOCO website and SCOCO Network; positive brand association with Sustainability Live!, the Leadership in Sustainability Awards Event, Cleaner Contra Costa Challenge, and Sustainable Living Workshops; leverage your ability to improve the community.
● Recognized sponsor of the Leadership in Sustainability Awards Event ● Half-page color ad in the Annual Awards Booklet
● Employee and community education services
● Logo & link on SCOCO and SCOCO Network websites, links in SCOCO Insights e-news and social media ● Cleaner Contra Costa partnership for city/municipal agencies CHAMPION - $1,500 (City Partner level for Cleaner Contra Costa - under 30,000 residents) Featured on SCOCO website, Network, and in Leadership in Sustainability Awards Event ● Recognized sponsor of the Awards Event
● Half-page color ad in the Annual Awards Booklet
● Logo & link on SCOCO and SCOCO Network websites, links in e-news and social media ● Cleaner Contra Costa partnership for city/municipal agencies ADVOCATE - $750
Recognized on SCOCO websites, Network, and at Awards Gala ● Recognized sponsor of the Awards Event
● Quarter-page color ad in the Annual Awards Booklet
● Listing with link in SCOCO and SCOCO Network websites, e-news, and social media SUPPORTER - $400
Recognized on SCOCO websites, Network, and at Awards Gala ● Recognized sponsor of the Awards Event
● Listing in the Annual Awards Booklet
● Listing with link in SCOCO and SCOCO Network websites, E-news, and social media INDIVIDUALS (Students ½ price) - $100
One ticket to all of SCOCO’s workshops and even
Donate online at SustainableCoCo.org or mail your check to the address below! Sustainable Contra Costa | 501c3 Nonprofit Organization - Tax ID #30-0670501 www.sustainablecoco.org | [email protected] | 2156 Stewart Ave, Walnut Creek 94596 H.1.a
Packet Pg. 147 Attachment: 2022 Partner Letter Orinda - Sustainable Contra Costa (2703 : Sustainable Contra Costa) From: David Biggs
To: Kaitlyn Roach
Cc: Laura Wehrley; Dennis Fay; Sheri Smith
Subject: RE: More Info: Cleaner Contra Costa Challenge for Orinda Date: Tuesday, March 8, 2022 8:24:21 AM
Thank you Kaitlyn –
I have already completed my brief report to the City Council which will be on their agenda for March 15, 2022, as that agenda goes out later this week.I will ask the City Clerk to include your e-mail below as a communication on the matter as agendized.
Many thanks,
David
From: Kaitlyn Roach [mailto:[email protected]]
Sent: Tuesday, March 8, 2022 8:00 AM
To: David Biggs <[email protected]>
Cc: Laura Wehrley <[email protected]>; Dennis Fay <[email protected]> Subject: More Info: Cleaner Contra Costa Challenge for Orinda CAUTION: This email is from an external source. Be careful when clicking links or opening attachments!
Hi Mr. Biggs,
I hope you are well! I just wanted to follow-up with additional information on the Cleaner Contra Costa Challenge to help the City put together its report on the proposed program. Laura Wehrley (cc'd, the Community Outreach Coordinator for Sustainable Contra Costa) and I have compiled this FAQ and presentation to provide answers to the questions the City is likely to have about the program.
I also wanted to directly address some of the concerns regarding ongoing City resources to support the program:
What is required of the City of Orinda to participate?
It doesn't require much of anything from the city except for the minimal annual sponsorship ($1500 for 30,000 citizens or less).
If the City of Orinda is unable to cover the full $1500 annual sponsorship, then the Miramonte Climate Action Club is willing to raise the entire amount – or a portion of the amount if the City can contribute the remaining funds – in order to participate each year.
What is the annual $1500 fee used for?
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Packet Pg. 148 Attachment: E-mail from Kaitlyn Roach (2703 : Sustainable Contra Costa) The fee is put towards the following:
· Landing Page creation on the Cleaner Contra Costa Challenge (city just needs to provide a picture of the city + a tagline like "Let's get sustainable together”)
·Sustainable Contra Costa outreach to different groups to educate on the platform like schools, youth commissions, eco clubs, churches, rotary clubs, etc
·Sustainable Contra Costa gives reporting back to the city regarding results of carbon/gas/water/money savings.
·Sustainable Contra Costa gives messaging that the city can post to social media or e-newsletters regarding sustainability actions. ·Sustainable Contra Costa can post messaging that the city wants us to announce to our audience.
What is required from City of Orinda staff?
City staffing effort is minimal. If they want to join our monthly meetings with other city leaders about the progress on the Cleaner Contra Costa Challenge, they can. It's optional. Also, the City staff has the option to post messages provided by Sustainable Contra Costa regarding sustainability actions to social media or newsletters (see #4 above). Again, this is optional.
So in essence, The Miramonte Climate Action Club and Sustainable Contra Costa are asking for the City of Orinda's support to move forward with the program. Covering the annual participation fee is requested, but not required. Our hope is to launch the program before the end of the school year in May so the Miramonte Climate Action Club can jumpstart outreach activities this spring. If there is any other information we can provide to assist with the report, please let us know. We'd also be happy to hop on a quick Zoom call to clarify any questions.
Sincerely,
Kaitlyn Roach and Laura Wehrley
Links contained in this email have been replaced. If you click on a link in the email above, the link will be analyzed for known threats. If a known threat is found, you will not be able to proceed to the destination. If suspicious content is detected, you will see a warning.
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Packet Pg. 149 Attachment: E-mail from Kaitlyn Roach (2703 : Sustainable Contra Costa)