Agenda packet, regular meeting, first session — Palmdale City Council, May 1, 2024 (part 1 of 6)

1. CALL MEETING TO ORDER

Note: All City Council memberships are reflected in their City Council titles.

2. ROLL CALL

MAYOR BISHOP, MAYOR PRO TEM LOA, COUNCILMEMBERS OHLSEN,

BETTENCOURT, ALARC
Ó
N

COMMISSIONERS FRAGA-SAENZ, BETTS

3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE

PUBLIC COMMENT RULES:
“(California Government Code Section 54954.3).
(a) Every agenda for regular meetings shall provide an opportunity for members of the public to directly address the legislative body on any item of interest to the public, before or during the legislative body’s consideration of the item, that is within the subject matter jurisdiction of the legislative body, provided that no action shall be taken on any item not appearing on the agenda unless the action is otherwise authorized by subdivision (b) of Section 54954.2 [section omitted].

(b) (1) The legislative body of a local agency may adopt reasonable regulations to ensure that the intent of the subdivision (a) is carried out, including, but not limited to, regulations limiting the total amount of time allocated for public testimony on particular issues and for

CITY COUNCIL

SUCCESSOR AGENCY

HOUSING AUTHORITY

CITY COUNCIL CHAMBERS
38300 SIERRA HIGHWAY

SUITE B
PALMDALE, CA 93550

WEDNESDAY, MAY
1, 2024
5:00 PM
www.cityofpalmdale.org

WELCOME
City Council
Wednesday, May
1, 2024
each individual speaker.
(2) Notwithstanding paragraph (1), when the legislative body of a local agency limits time for public comment, the legislative body of a local agency shall provide at least twice the allotted time to a member of the public who utilizes a translator to ensure that non- English speakers receive the same opportunity to directly address the legislative body of a local agency.”

In furtherance of Section 54954.3 of the Brown Act, the public is allotted to speak a total of two (2) minutes on the entirety of the Consent Calendar(s), Appointment(s), New Business and Closed Session, with two (2) minutes on each Public Hearing, and, if desired, an additional two (2) minutes on items not on the agenda that are within the subject matter jurisdiction of the City Council. As specified in the Brown Act, a speaker utilizing a translator will receive twice the amount of time specified.

4. PUBLIC COMMENTS:

CONSENT CALENDAR(S), APPOINTMENT(S), NEW BUSINESS, AND CLOSED SESSION: Now is the time for public participation on items listed on the Consent Calendar(s), Appointment(s), New Business, and Closed Session. Each speaker is allotted two (2) minutes in total for the entirety of the above sections.

5. JOINT CONSENT CALENDAR CC/HA
All matters listed under the Joint Consent Calendar will be enacted by one motion unless an item(s) is pulled by Council/Authority, in which case the item(s) will be removed from the Calendar and will be considered separately following this portion of the Agenda.

5.1 Approve Project Authorizations under two Master Services Agreements with Absolute International Security, Inc. for unarmed security guard services; one for the Housing Authority of the City of Palmdale in the combined amount not to exceed $2,879,620; and one for the City of Palmdale in the combined amount not to exceed $9,174,920, each for a term of three years with option for two additional one-year terms.

SR Project Authorizations Agrmt No. A-8811-A through G and A-8812-A and B with Absolute International Security.docx

Agrmt No. A-8811 Master Services Agreement with Absolute International Security.pdf

Exh A Agrmt No. A-8811 Scope of Services Master Services Agreement.pdf

Exh B Agrmt No. A-8811 Pricing Schedule Master Services Agreement.pdf

Agrmt No. A-8811-A Project Authorization.pdf

Agrmt No. A-8811-B Project Authorization.pdf

Agrmt No. A-8811-C Project Authorization.pdf

Agrmt No. A-8811-D Project Authorization.pdf

Agrmt No. A-8811-E Project Authorization.pdf

Agrmt No. A-8811-F Project Authorization.pdf

Agrmt No. A-8811-G Project Authorization.pdf
City Council
Wednesday, May
1, 2024

Exh A Agrmt No. A-8811-A-G Scope of Services.docx

Exh B Agrmt No. A-8811-A-G Pricing Schedule.pdf

Agrmt No. A-8812 Master Services Agreement with Absolute International Security.pdf

Exh A Agrmt No. A-8812 Pricing Schedule for Master Services Agreement.pdf

Agrmt No. A-8812-A Project Authorization.pdf

Exh A Agrmt No A-8812-A Scope of Services.docx

Exh B Agrmt No. A-8812-A Pricing Schedule.pdf

Agrmt No. A-8812-B Project Authorization.pdf

Exh A Agrmt No. A-8812-B Scope of Services.pdf

Exh B Agrmt No. A-8812-B Pricing Schedule.pdf

6. CONSENT CALENDAR
All matters listed under the Consent Calendar will be enacted by one motion unless an item(s) is pulled by Council, in which case the item(s) will be removed from the Calendar and will be considered separately following this portion of the Agenda.

6.1 Waive full reading of the Resolution(s) to be considered and voted on at this meeting. (This allows for reading the title only in lieu of reciting the entire text).

6.2 Receive and file the Monthly and Quarterly Investment Activity Reports for March 2024.

SR Investment Report MAR 2024.docx

Rpt. City and Successor Monthly and Quarterly Investment Reports March 2024.pdf

6.3 Receive and File the Annual Report on Development Impact Fees for the Fiscal Year Ended June 30, 2023, and adopt findings to commit funds held in the Littlerock Drainage Fee Fund, Fire Facilities Fee Fund, and Sewer Upgrade Fee fund.

SR Annual Report on Development Impact Fees for the Year Ended June 30, 2023.docx

Rpt. Annual Report on Development Impact Fees for Year Ended June 30, 2023.pdf

6.4 Adopt Resolution No. CC 2024-047, a Resolution of the City Council of the City of Palmdale approving the application for Local Streets and Roads Funds authorized under Article 8 of the Transportation Development Act.

SR Reso. No. CC 2024-047.docx

Reso. No. CC 2024-047.docx

Atch 1 TDA Claim Forms FY 2024.pdf

6.5 Award Construction Agreement with Comet Electric, Inc. for PN 867/868, Traffic Signal Modification at Avenue M and 20th Street East and 30th Street East, for a not to exceed amount of $1,309,129 for a term of 75 working days from the date of Notice to Proceed.

SR Agrmt No. A-8705 with Comet Electric, Inc.docx
City Council
Wednesday, May
1, 2024

Agrmt No. A-8705 with Comet Electric, Inc.pdf

Atch A Site Map Ave M and 20th St East.pdf

Atch B Site Map Ave M and 30th St East.pdf

6.6 Adopt Resolution No. CC 2024-032, a Resolution of the City Council of the City of Palmdale directing the preparation of the annual Engineer's Report for the continuation of the annual levy of assessments and designating the Engineer of Work for fiscal year 2024-2025 for the City of Palmdale Drainage Benefit Assessment Districts No. 1 and No. 2006-02.

SR Reso. No. CC 2024-032.docx

Reso. No. CC 2024-032.docx

6.7 Adopt Resolution No. CC 2024-035, a Resolution of the City Council of the City of Palmdale directing the preparation of the annual Engineer's Report for the continuation of the annual levy of assessments and designating the Engineer of Work for fiscal year 2024-2025 for the City of Palmdale Landscape Maintenance Assessment Districts and Annexations, Park Maintenance and Recreation Improvement District, and Streetlight Maintenance Assessment Districts and Annexations.

SR Reso. No. CC 2024-035.docx

Reso. No. CC 2024-035.docx

6.8 Adopt Resolution No. CC 2024-046, a Resolution of the City Council of the City of Palmdale adopting a list of projects for Fiscal Year 2024-2025 funded by Senate Bill 1: The Road Repair and Accountability Act of 2017.

SR Reso. No. CC 2024-046.docx

Reso. No. CC 2024-046.docx

Atch 1 Site Map.pdf

6.9 Approve the Second Amendment to Agreement with Sully Miller Contracting Co., for PN 698, Avenue R Complete Streets and Safe Routes Project for a not to exceed amount of $14,245,965, including an additional $1,152,731 contract value and $1,000,000 contingency per the original term of four hundred (400) calendar days.

SR Second Amendment to Agrmt A-7596 with Sully Miller.docx

Agrmt No. A-7596 Second Amendment with Sully Miller.pdf

Exh A Change Order Summary.pdf

6.10 Approve the minutes from the April 17, 2024 meeting.

Minutes 04 17 2024.pdf

7. PUBLIC HEARING

7.1 Public Hearing to receive public comments on the 2024-2025 Draft Action Plan City Council
Wednesday, May
1, 2024
programming estimated
$4,454,266 in Consolidated Plan Funds; review, approve
and submit the 2024-2025 Action Plan; and execute documents related to the submission of the Action Plan and subrecipient agreements.

SR Public Hearing 24-25 Draft Action Plan .docx

2024-2025 Draft Action Plan.pdf

7.2 Adopt Resolution No. CC 2024-048, a Resolution of the City Council of the City of Palmdale, approving a form of Density Bonus Agreement with M aison’s Palmdale
Blvd 150, LLC, to facilitate the construction of Tentative Tract Map 83359 located on the south side of Palmdale Boulevard between 50
th
Street East and 55
th
Street
East (APN: 3023-002-084).

Cover letter to City Council AGR 24-0002 (A-8767).pdf

Atch 1 City Council SR and Reso No. CC 2024-048.pdf

Atch 2 PMC Section 17.25.020 Density Bonus Agreements.pdf

Atch 3 Planning Commission SR and Reso. No. PC-2024-004.pdf

Atch 4 Government Code 65915.pdf

Atch 5 Case law examples.pdf

Atch 6 Bankers Hill 150 v City of San Diego.pdf

PPT Reso. No. CC 2024 048.pptx

8. APPOINTMENT

8.1 Discussion, nomination, and appointment of one (1) Council Member to the Antelope Valley Fair Authority.

9. CITY MANAGER’S REPORT

10. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS

11. NON-AGENDA PUBLIC COMMENTS
:

Now is the time for public participation on items not listed on the agenda. Each speaker is allotted two (2) minutes total.

12. ADJOURN
meeting to May 15, 2024, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California.

Americans with Disabilities Act (ADA) Accommodations
In accordance with the Americans with Disabilities Act of 1990, if you require a disability- related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (661) 267-5151 at least 48 hours prior to the meeting.

If you require oral translation, please contact the City Clerk’s Office at (661) 267-5151 at least 48 hours prior to the meeting.

City Council
Wednesday, May
1, 2024
City Council
Wednesday, May
1, 2024
Joint Staff Report
DATE: MAY 1, 2024
TO: HONORABLE CHAIR AND COMMISSIONERS

HONORABLE MAYOR AND CITY COUNCIL
FROM: NEIGHBORHOOD SERVICES, PARKS AND RECREATION, AND

PUBLIC SAFETY DEPARTMENTS
DISTRICT: ALL
SUBJECT: APPROVE PROJECT AUTHORIZATION S UNDER TWO MASTER

SERVICES AGREEMENT S WITH ABSOLUTE INTERNATIONAL
SECURITY, INC. FOR UNARMED SECURITY GUARD SERVICES ;

ONE FOR THE HOUSING AUTHORITY OF THE CITY OF PALMDALE
IN THE COMBINED AMOUNT NOT TO EXCEED $2,879,620; AND ONE

FOR THE CITY OF PALMDALE IN THE COMBINED AMOUNT NOT TO
EXCEED $9,174,920, EACH FOR A TERM OF THREE YEARS WITH

OPTION FOR TWO ADDITIONAL ONE-YEAR TERMS

RECOMMENDATION
Staff recommends that the Housing Authority of the City of Palmdaleand the City Council:

1. Approve Project Authorizations A through G under Master Services Agreement No. A-8811 with Absolute International Security, Inc. for unarmed security guard services for the Housing Authority of the City of Palmdale (Housing Authority) facilities in the combined amount not to exceed $ 2,879,620, for a term of three years with the option for two additional one-year terms;

2. Authorize the Executive Director or her designee to execute Project Authorizations A through G under Master Services Agreement No. A -8811 with Absolute International Security, Inc., including minimal and/or non-substantial changes;

3. Approve Project Authorizations A and B under Master Services Agreement No. A- 8812 with Absolute International Security, Inc. for unarmed security guard services for City-owned facilities and special events in the combined amount not to exceed $9,174,920, for a term of three years with the option for two additional one -year terms; and,

4. Authorize the City Manager or her designee to execute Project Authorizations A and B under Master Services Agreement No. A-8812 with Absolute International Security, Inc., including minimal and/or non-substantial changes.

Report to Mayor, City Council, Chair and Commissioners
Re: Approve Project Authorizations A through G under Agreement No. A-8811 and Project Authorizations A and B under Agreement No. A-8812 with Absolute International Security, Inc.

May 1, 2024

Page 2 ends

BACKGROUND
Enhancing public safety and our community’s quality of life is at the forefront of the City Council’s priorities. In alignment with this priority, effective security operations management to deter crime and suspicious activities is provided at Housing Authority and City-owned facilities.

The Housing Authority manages three mobile home parks and four apartment complexes.

The properties are provided with a security program consisting of unarmed guard services, including access control, parking enforcement, asset protection, and a visual deterrent for crime and suspicious behavior through observation.

Since August 2004, the Housing Authority has contracted with Newport Pacific Capital Company, Inc. (Newport Pacific) to oversee operations at the Housing Authority facilities.

Newport Pacific, in turn, contracts with OPSEC Specialized Protection (OPSEC) to provide security services at the sites. The Housing Authority and Newport Pacific periodically review the services provided for the properties.

In addition, the City contracts with OPSEC to provide security services for City events at the Palmdale Amphitheater, DryTown Water Park, and SAVES.

DISCUSSION
To align and consolidate city-wide security efforts, a Request for Proposal (RFP) No. 23- 002-4400 for Unarmed Security Guard Services was released on December 12, 2023.

Notifications were distributed through PlanetBids to 164 security service vendors, and 18 complete bids were received, with no bidders from the Antelope Valley.

On March 14, 2024, interviews were held with the top four bidders. Absolute International Security, Inc. received the top interview and overall evaluation score. While Absolute International Security, Inc. is based in Irwindale, CA, its goal is to recruit and employ from within the Antelope Valley.

Master Services Agreement No. A-8811 for the Housing Authority will house Project Authorizations A through G. Master Services Agreement No. A-8812 will house Project Authorizations A and B. All agreements/project authorizations are attached for reference.

May 1, 2024

Page 3 ends

FISCAL IMPACT
Total Not to Exceed: $12,054,540:
 $2,879,620; Agreement No. A-8811, Project Authorizations A through G; Housing Authority Funds for Fiscal Year 2024-2025 of $927,080 is requested in account 29264004-721870.
 $1,086,470; Agreement No. A-8812, Project Authorization B; Parks and Recreation:

Funds for Fiscal Year 2024-2025 of $340,000 are requested in accounts 10142001- 721870-1091, 30041005-721870, 28027002-737400-6100, 10142001-721870, and 10141004-721870.
 $8,088,450; Agreement No. A-8812, Project Authorization A; Public Safety: Funds for Fiscal Year 2024-2025 of $886,130 are requested in account 23025602-721870 and $1,632,540 in account 10125602-721870.

Sufficient funds for each subsequent year, as presented in the chart below, will be requested in each year’s budget.

Department Start Date –
6/30/2024
FY 2025 FY 2026 FY 2027
Housing Authority N/A $ 927,080 $ 959,380 $ 993,160 Parks and Recreation $ 30,000 $ 340,000 $ 351,900 $ 364,570 Public Safety $ 338,440 $ 2,518,670 $ 2,570,460 $ 2,660,880

STRATEGIC PLAN
Goal I: Maintain effective public safety and protection for life, property, and the environment.

A. Provide comprehensive and innovative safety services to prevent crime and promote a safe community.

Prepared by: Andrea Navarrette, Community Compliance
Coordinator
Certified as to availability of Funds: Janelle Samson, Director of Operations Approved by: Ronda Perez, City Manager
Approved as to form: William P. Curley, III, City Attorney Report to Mayor, City Council, Chair and Commissioners
Re: Approve Project Authorizations A through G under Agreement No. A-8811 and Project Authorizations A and B under Agreement No. A-8812 with Absolute International Security, Inc.

May 1, 2024

Page 4 ends

ATTACHMENTS
Agrmt No. A-8811 Master Services Agreement with Absolute International Security Exh A Agrmt No. A-8811 Scope of Services Master Services Agreement Exh B Agrmt No. A-8811 Pricing Schedule Master Services Agreement Agrmt Nos. A-8811-A through G Project Authorizations
Exh A Agrmt No. A-8811-A-G Scope of Services
Exh B Agrmt No. A-8811-A-G Pricing Schedule
Agrmt No. A-8812 Master Services Agreement with Absolute International Security Exh A Agrmt No. A-8812 Pricing Schedule Master Services Agreement Agrmt No. A-8812-A Project Authorization
Exh A Agrmt No. A-8812-A Scope of Services
Exh B Agrmt No. A-8812-A Pricing Schedule
Agrmt No. A-8812-B Project Authorization
Exh A Agrmt No. A-8812-B Scope of Services
Exh B Agrmt No. A-8812-B Pricing Schedule
AGREEMENT NO. A-8811

CONTRACT FOR SERVICES

BETWEEN THE HOUSING AUTHORITY OF THE CITY OF PALMDALE AND ABSOLUTE INTERNATIONAL SECURITY, INC.

This CONTRACT for services (“Contract” herein) is made and entered into by and between the Housing Authority of the City of Palmdale, a public body corporate and politic, (hereinafter called “HOUSING AUTHORITY”), and ABSOLUTE INTERNATIONAL SECURITY, INC., a CONTRACTOR, (hereinafter called “CONTRACTOR”). This Contract shall become effective on the date of the last signatory.

RECITALS
WHEREAS, CONTRACTOR represents that CONTRACTOR has the expertise and is qualified to perform the services described in this Contract.

NOW THEREFORE, HOUSING AUTHORITY and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as follows:
1 HOUSING AUTHORITY PROJECT MANAGER
To provide the services required by this Contract, CONTRACTOR shall act under the authority and approval of Neighborhood Services Director/designee, who shall oversee this Contract, the work performed by CONTRACTOR, assist CONTRACTOR with any necessary information, audit billings, and approve payments. The CONTRACTOR shall channel all contacts and requests through the Housing Authority project manager.
2 DESCRIPTION OF WORK

2.1 CONTRACTOR shall provide the following services in a manner satisfactory to HOUSING AUTHORITY:

This agreement will serve as the Master Agreement for multiple Project Authorization Agreements (PAAs) with Exhibit A Scope of Services providing requirements, locations and related schedules.

2.2 CONTRACTOR shall have no claim for compensation for any services or work, which has not been authorized by HOUSING AUTHORITY’s Authorization to Proceed.

2.3 CONTRACTOR shall not accept any change of scope, or change in contract provisions, to this Contract unless issued in writing, as a contract change order or amendment and signed by HOUSING AUTHORITY. Any extensions of time must be mutually agreed upon in writing and executed by both parties. 1-13Concord - Document ID: generated after first signature

2.4 CONTRACTOR shall maintain in current status all Federal, State, and local licenses and permits required for the operation of the business conducted by the CONTRACTOR as applicable to this contract.

2.5 All work supplied under this Contract shall be fully guaranteed by CONTRACTOR for a minimum period of 1,095 days from the date of acceptance by HOUSING AUTHORITY. Any defects of design, workmanship, or materials that would result in non-compliance with the Contract specifications shall be fully corrected by CONTRACTOR (including parts and labor) without cost to HOUSING AUTHORITY.

The written warranty shall be included with the delivered products to the using Department.

HOUSING AUTHORITY shall provide to CONTRACTOR, without charge, all data, program information, including reports, records, maps, and other information, now in HOUSING AUTHORITY’s possession, which may facilitate the timely performance of the work.
3 CONTRACTOR’S KEY PERSONNEL

3.1 Key Staff. HOUSING AUTHORITY reserves the right to review and approve CONTRACTOR’S staff including all subcontractors to be assigned to any project by CONTRACTOR during the term of this Contract.

This Contract has been awarded to CONTRACTOR based partially on the key personnel proposed to perform the services required herein. CONTRACTOR shall not change nor substitute any of these key staff for work on this Contract without prior written approval by HOUSING AUTHORITY.

CONTRACTOR’s Team and Key Personnel are as follows:

Brian Colindres - Executive of Operations and Training
David Reynoso - Chief or Operations
Samuel Santillano - Quality Assurance Manager
Sandy Ladage - Scheduling/Communications Manager
Larry Morrow - Training
Security Guards
This Services Contract has been awarded to CONTRACTOR based on its representation that those personnel and subcontractors submitted as part of its bid and listed above will perform the portions of the work listed above.

CONTRACTOR shall not deviate nor substitute any of these team members without prior written approval by HOUSING AUTHORITY.

3.2 Subcontractors. During the performance of the Agreement, CONTRACTOR may engage such additional SUBCONTRACTORS as may be required for the timely completion of this Agreement. In the event of subcontracting, the sole responsibility for fulfillment of all terms and conditions of this Agreement rests with CONTRACTOR. 2-13Concord - Document ID: generated after first signature CONTRACTOR shall not enter into any Subcontract under this Contract for the performance of this Contract without the advance written approval of HOUSING AUTHORITY. The subcontract shall incorporate by reference the terms and conditions of this Contract.

3.3 Direct Responsibility. All services required under this Contract shall be performed by CONTRACTOR, or under CONTRACTOR’s direct supervision, and all personnel shall possess the qualifications, permits and licenses required by State and local law to perform such services.

3.3.1 CONTRACTOR shall be solely responsible for the satisfactory work performance of all personnel engaged in performing services required by this Contract, and compliance with all reasonable performance standards established by HOUSING AUTHORITY.

3.3.2 CONTRACTOR shall be responsible for payment of all CONTRACTOR’s employees’ and subcontractor’s wages and benefits and shall comply with all requirements pertaining to the employer’s liability, workers’ compensation, unemployment insurance, and Social Security.

3.3.3 CONTRACTOR shall indemnify and hold harmless HOUSING AUTHORITY, and its respective officers, agents and employees from and against all claims, demands, damages or costs arising from CONTRACTOR’s acts or omissions with respect to any liability, damages, claims, costs and expenses of any nature arising from alleged violations of personnel practices.
4 CONTRACT TERM

The term of this Contract is THREE (3) YEARS, commencing on the effective date, with HOUSING AUTHORITY reserving the option to extend the agreement for 2 additional terms of one year each.

5 ACCEPTANCE AND DOCUMENTATION
Each task shall be reviewed and approved by the Contract Project Manager to determine acceptable completion.

5.1 Records. The CONTRACTOR shall retain and shall contractually require each SUBCONTRACTOR to retain all data and other “records” relating to the acquisition and performance of the Contract for a period of five years after the completion of the Contract.

5.2 Property of HOUSING AUTHORITY. All materials, including reports, computer programs and other deliverables, supplied or created under this Contract are the sole property of HOUSING AUTHORITY. CONTRACTOR is not entitled to a patent or copyright on those materials and may not transfer the patent or copyright to 3-13Concord - Document ID: generated after first signature anyone else. CONTRACTOR shall not use or release these materials without the prior written consent of HOUSING AUTHORITY.

5.3 Products. All equipment, materials, parts, and other components incorporated in the work or services performed pursuant to this Contract shall be new, or the latest model and of the most suitable grade for the purpose intended. All work shall be performed in a skilled and workmanlike manner. 6 PRICE
HOUSING AUTHORITY shall pay to CONTRACTOR an amount not to exceed Zero dollars ($0) for the completion of all the work and services described in Section 2, which sum shall include all costs or expenses incurred by CONTRACTOR, payable as follows:

SEE EXHIBIT B See the attached fee schedule, which will be applied to each PAA based on the scope of work detailed within that PAA.

6.1 An application for payment form must be submitted to HOUSING AUTHORITY which shall include the following: a clear, detailed invoice reflecting work being billed for, a summary sheet showing percentage of work completed to date, amount/percent billed to date and current status of all tasks within a project; any/all backup documentation supporting the above items. Work schedule updates must also be included with the payment requests.

6.2 CONTRACTOR shall maintain adequate records and shall permit inspection and audit by HOUSING AUTHORITY of CONTRACTOR’s charges under this Contract. CONTRACTOR shall make such records available to HOUSING AUTHORITY during normal business hours upon reasonable notice. Nothing herein shall convert such records into public records, and they will be available only to HOUSING AUTHORITY and any specified public agencies. Such records shall be maintained by CONTRACTOR for one (1) year following completion of the work under this Contract unless a longer period of time is required by state or federal law, in which event CONTRACTOR shall retain its records for the time required by such laws.

6.3 Payment. A separate invoice shall be issued for each shipment of material or service performed, and no payment will be issued prior to receipt of material and/or completion of specified services and receipt of a correct invoice. 7 TAXES

7.1 CONTRACTOR shall pay all sales, consumer, use, and other similar taxes required to be paid by CONTRACTOR in accordance with state and local laws.

7.2 CONTRACTOR is an independent contractor and shall have no power or authority to incur any debt, obligation, or liability on behalf of HOUSING AUTHORITY. 4-13Concord - Document ID: generated after first signature No person employed by CONTRACTOR or acting on its behalf, in connection with this Contract shall be considered the Agent or employee of HOUSING AUTHORITY.

7.3 CONTRACTOR shall be required to obtain a current City of Palmdale business license, as required by the Palmdale Municipal Code, before an Authorization to Proceed is issued.

7.4 When equipment, materials or supplies generally taxable to CONTRACTOR are eligible for a tax exemption due to the nature of the work, CONTRACTOR shall assist the HOUSING AUTHORITY in applying for and obtaining such tax credits and exemptions, which shall be paid or credited to the HOUSING AUTHORITY. 8 PATENT FEES AND ROYALTIES
CONTRACTOR shall pay all license fees and royalties and assume all costs incident to the use, in the performance of the work or the incorporation in the work of any invention, design, process, program, product or device which is the subject of patent rights or copyrights held by others. If a particular invention, design, process, program, product or device is specified in the contract documents for use in the performance of the work and if, to the actual knowledge of HOUSING AUTHORITY, its use is subject to patent rights or copyrights calling for the payment of any license fee or royalty to others, the existence of such rights shall be disclosed by HOUSING AUTHORITY in the contract documents. CONTRACTOR shall indemnify and hold harmless HOUSING AUTHORITY and anyone directly or indirectly employed by HOUSING AUTHORITY from and against all claims, damages, losses and expenses (including attorneys' fees) arising out of any infringement of patent rights or copyrights incident to the use in the performance of the work, or resulting from the incorporation in the work of any invention, design, process, program, product or device not specified in the contract documents, and shall defend all such claims in connection with any alleged infringement of such rights.
9 INDEMNIFICATION
To the fullest extent permitted by law, CONTRACTOR and any subcontractors working on its behalf agree to indemnify HOUSING AUTHORITY, its officers, employees, agents and elected and appointed boards (hereinafter “Indemnified Parties”) for any loss, claim, demand, cause of action, cost, expense, damage, obligation or liability which arises out of or is in any way connected with the performance of any work under this agreement, including any acts or omissions, willful misconduct or negligent conduct, whether active or passive, on the part of CONTRACTOR, or its subcontractors, and regardless of any acts, omissions or negligence (whether active or passive) of any person or entity indemnified hereunder.

At their own expense, CONTRACTOR and, as applicable, any subcontractors working on its behalf, shall defend any suit, claim or action against the Indemnified Parties founded upon such loss, claim, demand, cause of action, cost, expense, damage, obligation or liability. CONTRACTOR shall ensure that the contract of any 5-13Concord - Document ID: generated after first signature subcontractor working under this agreement contain an indemnity agreement, requiring the subcontractor to indemnify and defend the Indemnified Parties pursuant the terms set forth above. CONTRACTOR shall indemnify the Indemnified Parties, and save it harmless from any and all loss, damage, costs, expenses and attorney's fees suffered or incurred on account of any breach of the aforesaid obligations and covenants, and any other provision or covenant of this agreement. 10 INSURANCE

Proof of Insurance, as identified in Section 10.8, must be reviewed and accepted by the Housing Authority Attorney.

10.1.1 Workers’ Compensation and Employer’s Liability
 Workers’ Compensation -- coverage as required by the State of California  Employer’s Liability -- $1,000,000.00 each accident $1,000,000.00 policy limit bodily injury
$1,000,000.00 each employee bodily injury by disease

10.1.2 Commercial General Liability
 $1,000,000.00 limit on a per occurrence basis
 $2,000,000.00 general aggregate limit

10.1.3 Commercial Automobile Liability
 $1,000,000.00 combined single limit including owned, non-owned and hired automobile coverage

10.2 All of CONTRACTOR’s policies shall contain an endorsement providing that written notice shall be given to HOUSING AUTHORITY at least thirty (30) calendar days prior to termination, cancellation, or reduction of coverage in the policy.

10.3 Policies providing for bodily injury and property damage coverage shall contain the following:

A. An endorsement extending coverage to the HOUSING AUTHORITY as an additional insured, as respects liability arising out of the performance of any work under the Contract. Such insurance shall be primary insurance, as respects the interest of the HOUSING AUTHORITY, and any other insurance maintained by the HOUSING AUTHORITY shall be considered excess coverage and not contributing insurance with the insurance required hereunder. The certificates shall state: “The City of Palmdale, Successor Agency to the Community Redevelopment Agency of the City of Palmdale, Palmdale Civic Authority, Housing Authority, Industrial Development Authority, 6-13Concord - Document ID: generated after first signature Airport Authority, their officers, agents, employees and volunteers are named as additional insured”.

B. “Severability of Interest” Clause.

10.4 Promptly upon execution of this Contract, and prior to commencement of any work, CONTRACTOR shall deliver to HOUSING AUTHORITY certificates of insurance and endorsements to all required policies demonstrating that CONTRACTOR has the required coverage and showing the required named insured.

Within five (5) days of written request from HOUSING AUTHORITY, CONTRACTOR shall deliver to HOUSING AUTHORITY full and complete copies of all insurance policies required by this Contract.

10.5 The requirements as to the types and limits of insurance to be maintained by CONTRACTOR are not intended to and shall not in any manner limit or qualify CONTRACTOR’s liabilities and obligations under this Contract.

10.6 Any policy or policies of insurance that CONTRACTOR elects to carry as insurance against loss or damage to its equipment and tools or other personal property used in the performance of this Contract shall include a provision waiving the insurer’s right of subrogation against HOUSING AUTHORITY.

10.7 All insurance coverage must be maintained throughout the duration of this Contract.

10.8 Acceptable Proof of Insurance:

10.8.1 ACORD Certificate of Insurance listing all coverage, limits, deductibles and insured; and endorsements for all applicable coverage if agent has authority to issue it; or additional insured Form CG20100704 and CG20370704 or equivalent must be provided for general liability coverage. Additional insured form CA0001 must be provided for automobile liability coverage.

10.8.2 Binders of insurance for all coverage. Agents must confirm that policy endorsements have been ordered from the respective insurance companies. Upon issuance, policy endorsements and a corresponding Certificate of Insurance listing all insurers and coverage must be submitted to the Housing Authority Attorney.

10.9 Notwithstanding any other provision of this Contract, HOUSING AUTHORITY may immediately terminate this Contract if, at any time CONTRACTOR fails to maintain the required insurance for any period of time or fails to comply with any of the insurance requirements listed above.

10.10 CONTRACTOR shall require any and all subcontractor's working on its behalf to provide insurance coverages and limits that are based on the scope of work and nature of risk being performed by the subcontractor. Any and all subcontractors working on behalf of CONTRACTOR shall be subject to all other insurance requirements that are stated herein.
7-13Concord - Document ID: generated after first signature

Any deviation in this requirement will be CONTRACTOR's sole risk. CONTRACTOR's insurance requirements in Section 10 will not be impacted and/or limited by such deviation.

11 TERMINATION WITHOUT CAUSE
HOUSING AUTHORITY reserves the right to terminate this Contract or any part thereof for its sole convenience with fifteen (15) days written notice. In the event of such termination, CONTRACTOR shall immediately stop all work hereunder, and shall immediately cause any of its suppliers and subcontractors to cease such work.

CONTRACTOR shall also surrender to HOUSING AUTHORITY all finished or unfinished documents, processes, programs and other supplies and materials, which shall be HOUSING AUTHORITY’s property. As compensation in full for services performed to the date of such termination, the CONTRACTOR shall receive an amount equal to the value of the work completed as of the termination date in accordance with the fee schedule or as negotiated between the parties. In no event shall the amount payable upon termination exceed the total maximum compensation provided for in this Contract.
12 TERMINATION FOR CAUSE
If HOUSING AUTHORITY determines that CONTRACTOR has failed to supply an adequate working force, or to provide services of proper quality, or has failed in any other respect to satisfactorily perform the services specified in this Contract, HOUSING AUTHORITY shall give written notice to CONTRACTOR specifying all defaults to be remedied within thirty (30) days. Such notice shall set forth the basis for HOUSING AUTHORITY’s dissatisfaction and suggest corrective measures. If, after thirty days, CONTRACTOR has failed to implement appropriate corrective measures, HOUSING AUTHORITY may elect to terminate this Contract in whole or in part.

12.1 In the event HOUSING AUTHORITY terminates this Contract, in whole or in part, for cause, HOUSING AUTHORITY may procure, upon such terms and in such manner, as it may deem appropriate, services similar to those terminated.

12.2 CONTRACTOR shall provide all finished or unfinished documents, data, studies, software, drawings, programs, processes, maps, photographs, reports, etc., prepared by CONTRACTOR within fifteen (15) working days after notice of termination. Upon such termination, CONTRACTOR shall be paid an amount equal to the value of the services provided and work performed as of the date of termination, taking into consideration the costs associated with hiring another CONTRACTOR to complete the services. In ascertaining the value of the work performed up to the date of termination, consideration shall be given to both completed work and work in progress, to complete and incomplete documents when such are delivered to HOUSING AUTHORITY, and to authorized reimbursement expenses. The above is in addition to any other remedies available by law or equity to HOUSING AUTHORITY. 8-13Concord - Document ID: generated after first signature

12.3 If, after notice of termination of the Contract under the provisions of this Section 12, it is determined, for any reason, that CONTRACTOR was not in default, or that the default was excusable, then the rights and obligations of the parties shall be the same as if the notice of termination had been issued pursuant to Section 11. 13 DISPUTE RESOLUTION
All claims, disputes, and other matters in question between HOUSING AUTHORITY and CONTRACTOR arising out of or relating to this Contract or the breach thereof shall, to the extent reasonably feasible, be resolved through good faith negotiations between the parties.
14 OWNERSHIP OF PRODUCT
All product, data, documents, programs and software including, but not limited to, research, field notes, investigations, analysis, studies, processes, software, instructions for use and other manuals, whether complete or incomplete, which are prepared or produced in the performance of this Contract are to be, and remain the property of HOUSING AUTHORITY and shall be delivered to or left with HOUSING AUTHORITY upon the completion or termination of this Agreement. CONTRACTOR shall furnish HOUSING AUTHORITY, upon its request, originals and reproducible and electronic copies of product, data reports, studies and of all other documents listed above. Electronic copies shall be provided in an unprotected format which allows HOUSING AUTHORITY to copy, reproduce and makes changes as HOUSING AUTHORITY deems necessary.
15 DELEGATION AND ASSIGNMENT

15.1 CONTRACTOR shall not delegate or assign its duties or rights hereunder, either in whole or in part, without the prior written consent of HOUSING AUTHORITY; provided, however, that claims for money due or to become due to CONTRACTOR from HOUSING AUTHORITY under this Contract may be assigned to a bank, trust company or other financial institution without such approval.

15.2 Any assignment, delegation or subcontract shall be made in the name of CONTRACTOR and shall not bind or purport to bind HOUSING AUTHORITY and shall not release CONTRACTOR from any obligations under this Contract including, but not limited to, the duty to properly supervise and coordinate the work of employees, assignees, delegates and subcontractors. No such assignment, delegation or subcontract shall result in any increase in the amount of total compensation payable to CONTRACTOR under this Contract. 16 NON-DISCRIMINATION AND EQUAL EMPLOYMENT OPPORTUNITY

16.1 In performance of this Contract, CONTRACTOR shall not discriminate against any employee, subcontractor, or applicant for employment because of sex, color, race, religion, ancestry, national origin, disability, medical condition, marital status, 9-13Concord - Document ID: generated after first signature sexual orientation, or age. CONTRACTOR will take affirmative action to ensure that applicants are employed, and that employees are treated during employment, without regard to their sex, color, race, religion, ancestry, national origin, disability, medical condition, marital status, sexual orientation or age. Affirmative action relating to employment shall include, but not be limited to the following: employment, upgrading, demotion or transfer; recruitment; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship.

16.2 The provisions of subsection 16.1 above shall be included in all solicitations or advertisements placed by or on behalf of CONTRACTOR for personnel to perform any services under this Contract. HOUSING AUTHORITY shall have access to all documents, data and records of CONTRACTOR and its subcontractors for purposes of determining compliance with the equal employment opportunity and non- discrimination provisions of this Section, and all applicable provisions of Executive Order No. 11246 which is incorporated herein by this reference. A copy of Executive Order No. 11246 is available for inspection at, and on file with, the Palmdale City Clerk’s Office.
17 FINANCIAL INTEREST CERTIFICATION

17.1 CONTRACTOR warrants that no person has been employed or retained to solicit or secure this Contract upon an agreement or understanding for a commission, percentage, brokerage or contingent fee; and that no officer or employee of the HOUSING AUTHORITY has any interest, financially or otherwise, in CONTRACTOR’s firm.

17.2 For breach or violation of this warranty, HOUSING AUTHORITY shall have the right to annul this Contract without liability or at its discretion to deduct from the Contract Price or consideration, the full amount of such commission, percentage, brokerage or contingent fee.
18 CONFLICT OF INTEREST

18.1 CONTRACTOR stipulates that its officers and employees do not now have a conflict of interest and it further agrees for itself, its officers and its employees that it will not contract for or accept employment for the performance of any work or services with any individual business, corporation or government unit that would create a conflict of interest in the performance of its obligations pursuant to this Contract or which would cause CONTRACTOR to be “financial interested” (as provided in California Government Code Section 1090 et seq. or 87100 et seq.) in any contract or decision made by HOUSING AUTHORITY on any matter.

18.2 CONTRACTOR shall not employ any City official or employee to perform any work required pursuant to this Contract.

18.3 To the extent required by the City Manager or her designee, CONTRACTOR shall complete and file with the City Clerk a Form 700 Statement of Economic 10-13Concord - Document ID: generated after first signature Interests disclosing any reportable property interests, income, gifts, investments, or business positions.
19 COMPLIANCE WITH LAW

19.1 CONTRACTOR shall comply with all state and federal laws, including but not limited to, the requirement to hire only those persons authorized by federal law to work in the United States. If CONTRACTOR uses any subcontractors to complete this Contract, this same requirement shall be included in all subcontracts and strictly enforced by CONTRACTOR.

19.2 The law of the state of California shall govern this Contract. The venue of any legal action, either formal or informal, shall be the County of Los Angeles. 20 NOTICES
Any notice required under this Contract shall be in writing, addressed to the appropriate party at its address on the signature page and given personally or by registered or certified mail postage prepaid, or by a commercial courier service. All notices shall be effective upon the date of receipt.
21 ENTIRE AGREEMENT AND AMENDMENTS

21.1 This Contract is the complete Agreement between the parties and supersedes all prior proposals, agreements, and understandings between the parties and may not be modified or terminated orally.

21.2 No attempted waiver of any of the provisions hereof, nor any modification in the nature, extent or duration of the work to be performed by CONTRACTOR hereunder, shall be binding unless in writing and signed by the party against whom the same is sought to be enforced.

21.3 The failure of any party to enforce against another party any provision of this Contract shall not constitute a waiver of that party’s right to enforce such a provision at a later time, and shall not serve to vary the terms of this Contract. 11-13Concord - Document ID: generated after first signature 22 ATTORNEY’S FEES

If any action at law or in equity is brought to enforce or interpret any provisions of this Contract, the prevailing party in such action shall be entitled to reasonable attorney’s fees, costs and necessary disbursements, in addition to such other relief as may be sought and awarded.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

HOUSING AUTHORITY OF THE

CITY OF PALMDALE

ABSOLUTE INTERNATIONAL
SECURITY, INC.:

Ronda Perez
Executive Director

Lucy Lin
President/QM

ADDRESS FOR NOTICE:

HOUSING AUTHORITY OF THE

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL
SECURITY, INC.
5155 Irwindale Ave
Irwindale, CA 91706
APPROVE AS TO FORM:

William P. Curley, III
Authority Counsel

ATTEST:

Roxanne Faber
Authority Secretary

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

12-13Concord - Document ID: generated after first signature ■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) ■Attached Agreement Checklist and met all requirements
13-13Concord - Document ID: generated after first signature A-8811 Exhibit A
Housing Authority of the City of Palmdale
Scope of Work

Absolute International Security, Inc. (AIS) shall provide appropriately equipped and well- trained, certified, and/or licensed security guards for the protection of the Housing Authority of the City of Pal mdale’s (Housing Authority ) employees, the public , and property. AIS shall plan, schedule, and coordinate with the Housing Authority and On - Site Property Management to ensure the effective performance of all services described herein. The quality and experience of security guards and the services provided will be critical elements of the contract.

A. Contractor Service Requirements:
• AIS shall comply with all applicable federal, state, and local laws, rules, and regulations, including but not limited to those regarding wages, and cover all rest and meal periods to ensure continuous coverage.
• AIS shall agree and ensure that security personnel fully perform their duties in accordance with City-imposed policies, procedures, and conditions for continued service at this account.
o AIS shall ensure that security personnel are fully aware of the political sensitivities that exist in a municipal government. AIS shall immediately transfer/remove security personnel from the account at the Housing Authority’s request.
• AIS shall provide standard uniforms to security personnel. o Security guards are to be dressed in appropriate uniforms that comply with the “name and patch” requirements of the State of California Department of Consumer Affairs for security guards. Uniforms are to be neat, clean, pressed, and lint-free. Uniforms are to include dress or leather work shoes that are clean, in good repair, and color coordinated with the uniform. No tennis or athletic shoes are permitted.
o This also includes a visual depiction of uniforms as part of the proposal, including any overcoats, jackets, headgear, and photo ID badges. • AIS shall ensure all security personnel have proper communication equipment (radios, cell phones, etc.).
• AIS shall ensure that security guards are provided with or bring their own water or hydration drinks for their assignment and are supported in all weather conditions. • AIS shall designate a Supervisor/Manager who will be the point of contact for the Housing Authority and who will ensure all work tasks are performed by each security guard and staff to meet contract obligations. The Supervisor/Manager shall coordinate all phases of security services.
• The Supervisor/Manager shall work continuously with the Housing Authority representative to improve or modify the schedules, service model, and reporting protocols as needed.
• The Supervisor/Manager shall address all issues relating to this contract, staffing, performance, etc.
• AIS shall not replace the Supervisor/Manager unless prior written notice is provided to and approved by the Housing Authority.
• AIS shall supervise on-site security guards and must periodically check security guard staff during assigned shifts. The assigned supervisor shall provide the Housing Authority Representative with any identified issues and any resolution, as necessary.
• AIS shall offer a patrol motoring system. For further system criteria, please refer to the “Reporting and Notification” section.
• AIS shall not be entitled to be paid or reimbursed by the City for any services or any other labor, supervision, or material that is in excess of the Scope of Services. • AIS shall ensure security guards provide exceptional service through checks, balances, audits and/or inspections.
• Absolute International Security shall, at the firm’s expense, have all assigned guards complete Absolute International Security’s established training program, and shall make evidence of completion of the training available upon request. In addition, AIS must provide a copy of their training plan/schedule. • AIS will conduct personal background checks on all personnel before they are assigned work under the Award Contract with the Housing Authority. Background checks must include fingerprinting. The Housing Authority reserves the right to review all background checks and to conduct security clearances on all personnel assigned. The Housing Authority may verify each license and obtain AIS’s complaint history from the Department of Consumer Affairs, Bureau of Collection, and Investigative Services.

B. Security Guard Requirements
• All unarmed security guards shall meet the requirements, including a valid Security Guard Registration (California Guard Card) of the California State Department of Consumer Affairs, Bureau of Collections, and Investigations. The Security guard shall act a s a polite and professional “ambassador” for the Housing Authority , educating visitors on current site rules and regulations and requesting compliance. • Upon arrival, security guards shall contact Site Management personnel to confirm the guard is onsite.
• Security guards’ appearance, personal hygiene, attitude, courtesy, and job knowledge need to present a favorable image. No smoking, reading unauthorized material, eating, or grooming shall be permitted while guards are in public view. • Security guards shall arrive in uniform provided by AIS, before arriving on site. The uniform must have the Absolute International Security , Inc. name. A photo ID badge is to be worn at all times. Security guards shall maintain CPR and First Aid Training certification and remain certified to remain compliant. No personal phone calls will be permitted, except in an emergency.
• All Security personnel are responsible for documenting any security incidents in a formal report and shall provide electronic copies to the Housing Authority. Further criteria are noted in the “Reporting and Notification” section below. • Security guards shall be adequately trained and experienced in their specific duties, and in addition, the use of all -purpose fire extinguishers, drug/narcotics identification, bomb threat situations, the avoidance of violent situations, and be specifically trained for each piece of security equipment carried or used. • Security guards shall protect the safety of persons and properties on site. • Security guards shall always be clearly visible when on foot patrol. • Security Guards shall not be permitted to carry a weapon of any type. • Security Guards shall not be permitted to carry or possess any unauthorized equipment such as firearms, knives, batons, Tasers, chemical agents, concealed weapons, or any other items, not specifically approved in the Contract. • Security Guard must be of a temperament to work and communicate with adults, teens, and children of all ages and be capable of controlling a crowd in all circumstances.
• Security guard shall prohibit entry into secured sites by anyone other than persons with authorized access to the premises and assist/escort patrons on/off the property as necessary.
• AIS will fully cooperate with the Housing Authority, City of Palmdale, Los Angeles County Sheriff’s Department, and any other public agency, in addition to making any assigned security guard available to said agencies/entities in the event of any investigation.
• AIS shall be responsible for any loss or damage to property, including money securities, merchandise, fixtures, and equipment belonging to the Housing Authority, if the Contractor caused any such loss or damage.

C. Security Guard Patrol Vehicle Requirements/Duties
• When required, as needed, or as requested, AIS shall provide a clearly marked and professional Patrol Vehicle. Vehicle type, markings, lights, etc. are to be of a type approved by the Housing Authority.
• Patrol Vehicles shall be equipped with a heavy-duty/rechargeable flashlight, traffic cones, flares, a first aid kit, a blanket, and a fire extinguisher. • Security Guards operating Patrol Vehicles shall conduct patrols in AIS-provided vehicles. Patrol Security Guards shall have valid Class “C” California driver’s licenses.

D. Reporting and Notification
• Security guards shall log and report all serious incidents to the Onsite Management and Housing Authority Representative.
o Items to be documented include, but are not limited to, suspicious persons, security breaches, system failures, facility maintenance issues, safety hazards, any bomb threats, criminal activity, or incidents that occur to any member of the public.
o These forms should be used to document any damage, such as graffiti or vandalism, noted at any of the Housing Authority facilities. o Security personnel shall document any security incidents on the incident report form and provide electronic copies to the Onsite Management and Housing Authority Representative.
• The Vendor must have a patrol monitoring system in place to allow security guards to scan assigned QR -code checkpoints located at Housing Authority facility locations including building entrances, doors, window frames, etc. o The function is to be used on regular patrol, for tracking , and to generate real-time reports. Special events would be requested on an as-needed basis.
o Guard tours are to be monitored by AIS, the Onsite Management and the Housing Authority Representative remotely and sent by email to ensure required patrols are being conducted.

E. Customer Service and After-Hours Notification
• Absolute International Security is required to have a dedicated after -hours notification line monitored and answered by an employee who can dispatch crews should an after-hour emergency or urgent issue occur.

F. Hours of Operation
• Work hours vary by facility and times are subject to change at any time. The Contractor will be notified by the Onsite Management or the Housing Authority Representative of any changes to department hours or any adjustments needed to be made to the existing schedule prior to implementation.

G. Requests from the Public
• Absolute International Security and its security guards are prohibited from taking direct requests from any residents, visitors to the facilities , or any other organizations. The security guard will make every effort to politely inform the requesting individual or party to contact Onsite Management or the Housing Authority Representative.

H. Requests from the Media
• Absolute International Security and its security guards shall not speak to the media on the Housing Authority’s behalf without prior approval. All media inquiries should be directed to the City’s Public Information Officer (PIO) or City Representative.

I. Locations and Areas of Service

Facility Address Number of Units Schedule
Boulders at the
Ranch I
40707 Rancho
Vista Blvd
358 spaces One Security guard is posted at
the gate for 24/7 coverage. Shared
vehicle random patrol Mon – Fri, 4
days, 4-hour shift 10:30 pm – 2:30
am or 1:30 am – 5:30 am; Sat-Sun
9:30 pm - 6 am
Boulders at the
Ranch II
5200 Entrar Drive 206 spaces One Security guard is posted at the gate for 24/7 coverage. Shared
vehicle random patrol with
Boulders at the Ranch I.

Fiscal Year (July 1 – June
30)
Regular Hourly
Rate
Overtime Hourly Rate
(1.5x)
Double Overtime
Hourly Rate (2x)
Holiday Hourly
Rate
2023/24 $ 29.68 $ 44.52 $ 59.36 $ 44.52 2024/25 $ 30.72 $ 46.08 $ 61.44 $ 46.08 2025/26 $ 31.79 $ 47.69 $ 63.59 $ 47.69 2026/27 $ 32.91 $ 49.36 $ 65.81 $ 49.36 2027/28 $ 34.06 $ 51.09 $ 68.12 $ 51.09 2028/29 $ 35.25 $ 52.88 $ 70.50 $ 52.88 Fiscal Year (July 1 – June
30)
Regular Hourly
Rate
Overtime Hourly
Rate (1.5x)
Double Overtime
Hourly Rate (2x)
Holiday Hourly
Rate
2023/24 $ 33.48 $ 48.32 $ 63.16 $ 48.32 2024/25 $ 34.65 $ 50.01 $ 65.37 $ 50.01 2025/26 $ 35.86 $ 51.76 $ 67.66 $ 51.76 2026/27 $ 37.12 $ 53.57 $ 70.03 $ 53.57 2027/28 $ 38.42 $ 55.45 $ 72.48 $ 55.45 2028/29 $ 39.76 $ 57.39 $ 75.01 $ 57.39 Rate Type
Regular Rate
OvertimeRate (1.5x)
Double Overtime (2x)
Holiday Rate

PRICING (UNARMED SECURITY GUARD)
A-8811
Exhibit B
Absolute International Security Pricing
Additional Note:

Should the City of Palmdale require the deployment of Armed Security Officers, AIS is able to offer Armed Guard Services if future needs arise. Armed Security service rate will be provided upon request by the City.

PRICING (PATROL VEHICLE W/ A SECURITY GUARD)
When Does This Rate Apply or Start?
Hours of service from 0 – 8 hour shifts
If personnel are requested to stay over 8 hours but less than 12 consecutive hours If personnel are requested to stay over 12 consecutive hours New Year’s Day, Martin Luther King Jr. Day, President’s Day, Memorial Day, Independence Day, Labor Day, Veteran’s Day, Thanksgiving Day, Christmas Day.

AGREEMENT NO. A-8811-A

AUTHORIZATION AGREEMENT
WITH ABSOLUTE INTERNATIONAL SECURITY, INC.

PURSUANT TO ONGOING CONTRACT NO. A-8811

This AGREEMENT is made and entered into by and between the Housing Authority of the City of Palmdale, a municipal corporation (hereinafter referred to as “HOUSING AUTHORITY”) and ABSOLUTE INTERNATIONAL SECURITY, INC. (hereinafter referred to as “CONTRACTOR/CONSULTANT”) and is an Authorization Agreement entered into pursuant to Ongoing Contract No. A-8811. This Contract shall become effective on the date of the last signatory.

WHEREAS, the term of Ongoing Contract No. A-8811 between the HOUSING AUTHORITY and CONTRACTOR/CONSULTANT is from July 1, 2024 to June 30, 2027.

HOUSING AUTHORITY and CONTRACTOR/CONSULTANT, in consideration of the mutual covenants herein set forth, agree as follows:

ARTICLE 1. DESCRIPTION OF WORK

The scope of work for this project consists of the following work:

Pursuant to Exhibit A Scope of Services of the Master Agreeement and Section I for Boulders at the Ranch I
The CONTRACTOR/CONSULTANT shall not accept any change of scope, or change in contract provisions, unless issued in writing, as a Change Order, or amendment to this Agreement and signed by HOUSING AUTHORITY.

ARTICLE 2. PROJECT STAFF

CONTRACTOR/CONSULTANT shall use only those employees, and sub consultants listed below:

ARTICLE 3. CONTRACT PRICE

HOUSING AUTHORITY shall pay CONTRACTOR/CONSULTANT for completion of the Work in accordance with the Contract Documents a fee not to exceed Nine Hundred Twenty-three Thousand One Hundred Thirty-eight Dollars ($923,138) determined and payable as set forth in Ongoing Contract No. A-8811 at the following Fee Schedule:

1-4Concord - Document ID: generated after first signature See Exhibit B

No payment made hereunder by HOUSING AUTHORITY to
CONTRACTOR/CONSULTANT, shall be construed as an acceptance by HOUSING AUTHORITY of any work or materials, nor as evidence of satisfactory performance by CONTRACTOR/CONSULTANT of its obligations under this Contract.

ARTICLE 4. CONTRACT TIME

CONTRACTOR/CONSULTANT agrees to complete all work within ONE THOUSAND NINETY-FIVE (1,095) CALENDAR days of the date this Agreement is executed by CITY and in accordance with the following Project Schedule:

The term of this contract is three (3) years commencing on July 1, 2024 through June 30, 2027 with option to extend two additional one year terms.

This Agreement is the Notice to Proceed directing CONTRACTOR/CONSULTANT to commence work on July 1, 2024.

2-4Concord - Document ID: generated after first signature ARTICLE 5. GENERAL

This Authorization Agreement is entered into pursuant to Ongoing Contract No. 8811 and the terms and conditions contained therein are incorporated herein by reference as if set forth in full.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

CITY OF PALMDALE ABSOLUTE INTERNATIONAL
SECURITY, INC.

Ronda Perez
Executive Director

Lucy Lin
President/QM
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL
SECURITY, INC.
5155 Irwindale Ave
Irwindale, CA 91706
APPROVE AS TO FORM:

William P. Curley, III
Authority Counsel

ATTEST:

Roxanne Faber
Authority Secretary

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) ■Original agreement and previous amendment(s) (if any) are attached ■Attached Agreement Checklist and met all requirements
3-4Concord - Document ID: generated after first signature 4-4Concord - Document ID: generated after first signature AGREEMENT NO. A-8811-B

AUTHORIZATION AGREEMENT
WITH ABSOLUTE INTERNATIONAL SECURITY, INC.

PURSUANT TO ONGOING CONTRACT NO. A-8811

WHEREAS, the term of Ongoing Contract No. A-8811 between the HOUSING AUTHORITY and CONTRACTOR/CONSULTANT is from July 1, 2024 to June 30, 2027.

HOUSING AUTHORITY and CONTRACTOR/CONSULTANT, in consideration of the mutual covenants herein set forth, agree as follows:

ARTICLE 1. DESCRIPTION OF WORK

The scope of work for this project consists of the following work:

Pursuant to Exhibit A Scope of Services of the Master Agreeement and Section I for Boulders at the Ranch II
The CONTRACTOR/CONSULTANT shall not accept any change of scope, or change in contract provisions, unless issued in writing, as a Change Order, or amendment to this Agreement and signed by HOUSING AUTHORITY.

ARTICLE 2. PROJECT STAFF

CONTRACTOR/CONSULTANT shall use only those employees, and sub consultants listed below:

ARTICLE 3. CONTRACT PRICE

1-4Concord - Document ID: generated after first signature See Exhibit B

ARTICLE 4. CONTRACT TIME

CONTRACTOR/CONSULTANT agrees to complete all work within ONE THOUSAND NINETY- FIVE (1,095) CALENDAR days of the date this Agreement is executed by HOUSING AUTHORITY and in accordance with the following Project Schedule:

The term of this contract is three (3) years commencing on July 1, 2024 through June 30, 2027 with option to extend two additional one year terms.

This Agreement is the Notice to Proceed directing CONTRACTOR/CONSULTANT to commence work on July 1, 2024.

2-4Concord - Document ID: generated after first signature ARTICLE 5. GENERAL

This Authorization Agreement is entered into pursuant to Ongoing Contract No. 8811 and the terms and conditions contained therein are incorporated herein by reference as if set forth in full.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

CITY OF PALMDALE ABSOLUTE INTERNATIONAL
SECURITY, INC.

Ronda Perez
Executive Director

Lucy Lin
President/QM
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Hwy
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL
SECURITY, INC.
5155 Irwindale Ave
Irwindale, CA 91706
APPROVE AS TO FORM:

William P. Curley, III
Authority Counsel

ATTEST:

Roxanne Faber
Authority Secretary

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

AUTHORIZATION AGREEMENT

WITH ABSOLUTE INTERNATIONAL SECURITY
PURSUANT TO ONGOING CONTRACT NO. A-8811

This AGREEMENT is made and entered into by and between the Housing Authority of the City of Palmdale, a municipal corporation (hereinafter referred to as “HOUSING AUTHORITY”) and ABSOLUTE INTERNATIONAL SECURITY (hereinafter referred to as “CONTRACTOR/CONSULTANT”) and is an Authorization Agreement entered into pursuant to Ongoing Contract No. A-8811. This Contract shall become effective on the date of the last signatory.

WHEREAS, the term of Ongoing Contract No. A-8811 between the HOUSING AUTHORITY and CONTRACTOR/CONSULTANT is from July 1, 2024 to June 30, 2027.

HOUSING AUTHORITY and CONTRACTOR/CONSULTANT, in consideration of the mutual covenants herein set forth, agree as follows:

ARTICLE 1. DESCRIPTION OF WORK

The scope of work for this project consists of the following work:

Pursuant to Exhibit A Scope of Services of the Master Agreeement and Section I for Boulders at the Lake
The CONTRACTOR/CONSULTANT shall not accept any change of scope, or change in contract provisions, unless issued in writing, as a Change Order, or amendment to this Agreement and signed by HOUSING AUTHORITY.

ARTICLE 2. PROJECT STAFF

CONTRACTOR/CONSULTANT shall use only those employees, and sub consultants listed below:

ARTICLE 3. CONTRACT PRICE

HOUSING AUTHORITY shall pay CONTRACTOR/CONSULTANT for completion of the Work in accordance with the Contract Documents a fee not to exceed Two Hundred Fifty-one Thousand Eight Hundred Fifty-five Dollars ($251,855) determined and payable as set forth in Ongoing Contract No. A-8811 at the following Fee Schedule:

1-4Concord - Document ID: generated after first signature See Exhibit B

ARTICLE 4. CONTRACT TIME

CONTRACTOR/CONSULTANT agrees to complete all work within ONE THOUSAND NINETY- FIVE (1,095) CALENDAR days of the date this Agreement is executed by CITY and in accordance with the following Project Schedule:

The term of this contract is three (3) years commencing on July 1, 2024 through June 30, 2027 with option to extend two additional one year terms.

This Agreement is the Notice to Proceed directing CONTRACTOR/CONSULTANT to commence work on July 1, 2024.

2-4Concord - Document ID: generated after first signature ARTICLE 5. GENERAL

This Authorization Agreement is entered into pursuant to Ongoing Contract No. 8811 and the terms and conditions contained therein are incorporated herein by reference as if set forth in full.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

CITY OF PALMDALE ABSOLUTE INTERNATIONAL

SECURITY

Ronda Perez
Executive Director

Lucy Lin
President/QM
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL

SECURITY
5155 Irwindale Ave
Irwindale, CA 91706
APPROVE AS TO FORM:

William P. Curley, III
Authority Counsel

ATTEST:

Roxanne Faber
Authority Secretary

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

AUTHORIZATION AGREEMENT

WITH ABSOLUTE INTERNATIONAL SECURITY
PURSUANT TO ONGOING CONTRACT NO. A-8811

This AGREEMENT is made and entered into by and between the Housing Authority of the City of Palmdale, a municipal corporation (hereinafter referred to as “HOUSING AUTHORITY”) and ABSOLUTE INTERNATIONAL SECURITY (hereinafter referred to as “CONTRACTOR/CONSULTANT”) and is an Authorization Agreement entered into pursuant to Ongoing Contract No. A-8811. This Contract shall become effective on the date of the last signatory.

WHEREAS, the term of Ongoing Contract No. A-8811 between the HOUSING AUTHORITY and CONTRACTOR/CONSULTANT is from July 1, 2024 to June 30, 2027.

HOUSING AUTHORITY and CONTRACTOR/CONSULTANT, in consideration of the mutual covenants herein set forth, agree as follows:

ARTICLE 1. DESCRIPTION OF WORK

The scope of work for this project consists of the following work:

Pursuant to Exhibit A Scope of Services of the Master Agreeement and Section I for Impressions Apartments
The CONTRACTOR/CONSULTANT shall not accept any change of scope, or change in contract provisions, unless issued in writing, as a Change Order, or amendment to this Agreement and signed by HOUSING AUTHORITY.

ARTICLE 2. PROJECT STAFF

CONTRACTOR/CONSULTANT shall use only those employees, and sub consultants listed below:

ARTICLE 3. CONTRACT PRICE

HOUSING AUTHORITY shall pay CONTRACTOR/CONSULTANT for completion of the Work in accordance with the Contract Documents a fee not to exceed Two Hundred Sixty Thiousand Four Hundred Ninety-seven Dollars ($260,497) determined and payable as set forth in Ongoing Contract No. A-8811 at the following Fee Schedule:

1-3Concord - Document ID: generated after first signature See Exhibit B

ARTICLE 4. CONTRACT TIME

CONTRACTOR/CONSULTANT agrees to complete all work within ONE THOUSAND NINETY-FIVE (1,095) CALENDAR days of the date this Agreement is executed by HOUSING AUTHORITY and in accordance with the following Project Schedule:

The term of this contract is three (3) years commencing on July 1, 2024 through June 30, 2027 with option to extend two additional one year terms.

This Agreement is the Notice to Proceed directing CONTRACTOR/CONSULTANT to commence work on July 1, 2024.

ARTICLE 5. GENERAL

This Authorization Agreement is entered into pursuant to Ongoing Contract No. 8811 and the terms and conditions contained therein are incorporated herein by reference as if set forth in full.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

2-3Concord - Document ID: generated after first signature

CITY OF PALMDALE ABSOLUTE INTERNATIONAL

SECURITY

Ronda Perez
Executive Director

Lucy Lin
President/QM
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL

SECURITY
5155 Irwindale Ave
Irwindale, CA 91706
APPROVE AS TO FORM:

William P. Curley, III
Authority Counsel

ATTEST:

Roxanne Faber
Authority Secretary

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) ■Original agreement and previous amendment(s) (if any) are attached ■Attached Agreement Checklist and met all requirements
3-3Concord - Document ID: generated after first signature AGREEMENT NO. A-8811-E

AUTHORIZATION AGREEMENT

WITH ABSOLUTE INTERNATIONAL SECURITY
PURSUANT TO ONGOING CONTRACT NO. A-8811

This AGREEMENT is made and entered into by and between the Housing Authority of the City of Palmdale, a municipal corporation (hereinafter referred to as “HOUSING AUTHORITY”) and ABSOLUTE INTERNATIONAL SECURITY (hereinafter referred to as “CONTRACTOR/CONSULTANT”) and is an Authorization Agreement entered into pursuant to Ongoing Contract No. A-8811. This Contract shall become effective on the date of the last signatory.

WHEREAS, the term of Ongoing Contract No. A-8811 between the HOUSING AUTHORITY and CONTRACTOR/CONSULTANT is from July 1, 2024 to June 30, 2027.

HOUSING AUTHORITY and CONTRACTOR/CONSULTANT, in consideration of the mutual covenants herein set forth, agree as follows:

ARTICLE 1. DESCRIPTION OF WORK

The scope of work for this project consists of the following work:

Pursuant to Exhibit A Scope of Services of the Master Agreeement and Section I for La Quinta Apartments
The CONTRACTOR/CONSULTANT shall not accept any change of scope, or change in contract provisions, unless issued in writing, as a Change Order, or amendment to this Agreement and signed by HOUSING AUTHORITY.

ARTICLE 2. PROJECT STAFF

CONTRACTOR/CONSULTANT shall use only those employees, and sub consultants listed below:

ARTICLE 3. CONTRACT PRICE

HOUSING AUTHORITY shall pay CONTRACTOR/CONSULTANT for completion of the Work in accordance with the Contract Documents a fee not to exceed Two hundred Sixty Thousand Four Hundred Ninety-seven Dollars ($260,497) determined and payable as set forth in Ongoing Contract No. A-8811 at the following Fee Schedule:

1-4Concord - Document ID: generated after first signature See Exhibit B

ARTICLE 4. CONTRACT TIME

The term of this contract is three (3) years commencing on July 1, 2024 through June 30, 2027 with option to extend two additional one year terms.

This Agreement is the Notice to Proceed directing CONTRACTOR/CONSULTANT to commence work on July 1, 2024.

2-4Concord - Document ID: generated after first signature ARTICLE 5. GENERAL

This Authorization Agreement is entered into pursuant to Ongoing Contract No. 8811 and the terms and conditions contained therein are incorporated herein by reference as if set forth in full.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

CITY OF PALMDALE ABSOLUTE INTERNATIONAL

SECURITY

Ronda Perez
Executive Director

Lucy Lin
President/QM
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL

SECURITY
5155 Irwindale Ave
Irwindale, CA 91706
APPROVE AS TO FORM:

William P. Curley, III
Authority Counsel

ATTEST:

Roxanne Faber
Authority Secretary

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

AUTHORIZATION AGREEMENT

WITH ABSOLUTE INTERNATIONAL SECURITY
PURSUANT TO ONGOING CONTRACT NO. A-8811

This AGREEMENT is made and entered into by and between the Housing Authority of the City of Palmdale, a municipal corporation (hereinafter referred to as “HOUSING AUTHORITY”) and ABSOLUTE INTERNATIONAL SECURITY (hereinafter referred to as “CONTRACTOR/CONSULTANT”) and is an Authorization Agreement entered into pursuant to Ongoing Contract No. A-8811. This Contract shall become effective on the date of the last signatory.

WHEREAS, the term of Ongoing Contract No. A-8811 between the HOUSING AUTHORITY and CONTRACTOR/CONSULTANT is from July 1, 2024 to June 30, 2027.

HOUSING AUTHORITY and CONTRACTOR/CONSULTANT, in consideration of the mutual covenants herein set forth, agree as follows:

ARTICLE 1. DESCRIPTION OF WORK

The scope of work for this project consists of the following work:

Pusuant to Exhibit A Scope of Services of the Master Agreeement and Section I for Summerwood
The CONTRACTOR/CONSULTANT shall not accept any change of scope, or change in contract provisions, unless issued in writing, as a Change Order, or amendment to this Agreement and signed by HOUSING AUTHORITY.

ARTICLE 2. PROJECT STAFF

CONTRACTOR/CONSULTANT shall use only those employees, and sub consultants listed below:

ARTICLE 3. CONTRACT PRICE

HOUSING AUTHORITY shall pay CONTRACTOR/CONSULTANT for completion of the Work in accordance with the Contract Documents a fee not to exceed One hundred Thirty Thousand Two Hundred Forty-nine Dollars ($130,249) determined and payable as set forth in Ongoing Contract No. A-8811 at the following Fee Schedule:

1-4Concord - Document ID: generated after first signature See Exhibit B

ARTICLE 4. CONTRACT TIME

CONTRACTOR/CONSULTANT agrees to complete all work within ONE THOUSAND NINET- FIVE (1,095) CALENDAR days of the date this Agreement is executed by HOUSING AUTHORITY and in accordance with the following Project Schedule:

The term of this contract is three (3) years commencing on July 1, 2024 through June 30, 2027 with option to extend two additional one year terms.

This Agreement is the Notice to Proceed directing CONTRACTOR/CONSULTANT to commence work on July 1, 2024.

2-4Concord - Document ID: generated after first signature ARTICLE 5. GENERAL

This Authorization Agreement is entered into pursuant to Ongoing Contract No. 8811 and the terms and conditions contained therein are incorporated herein by reference as if set forth in full.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

CITY OF PALMDALE ABSOLUTE INTERNATIONAL

SECURITY

Ronda Perez
Executive Director

Lucy Lin
President/QM
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL

SECURITY
5155 Irwindale Ave
Irwindale, CA 91706
APPROVE AS TO FORM:

William P. Curley, III
Authority Counsel

ATTEST:

Roxanne Faber
Authority Secretary

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) 3-4Concord - Document ID: generated after first signature ■Original agreement and previous amendment(s) (if any) are attached ■Attached Agreement Checklist and met all requirements
4-4Concord - Document ID: generated after first signature AGREEMENT NO. A-8811-G

AUTHORIZATION AGREEMENT

WITH ABSOLUTE INTERNATIONAL SECURITY, INC
PURSUANT TO ONGOING CONTRACT NO. A-8811

This AGREEMENT is made and entered into by and between the Housing Authority of the City of Palmdale, a municipal corporation (hereinafter referred to as “HOUSING AUTHORITY”) and ABSOLUTE INTERNATIONAL SECURITY, INC (hereinafter referred to as “CONTRACTOR/CONSULTANT”) and is an Authorization Agreement entered into pursuant to Ongoing Contract No. A-8811. This Contract shall become effective on the date of the last signatory.

WHEREAS, the term of Ongoing Contract No. A-8811 between the HOUSING AUTHORITY and CONTRACTOR/CONSULTANT is from July 1, 2024 to June 30, 2027.

HOUSING AUTHORITY and CONTRACTOR/CONSULTANT, in consideration of the mutual covenants herein set forth, agree as follows:

ARTICLE 1. DESCRIPTION OF WORK

The scope of work for this project consists of the following work:

Pursuant to Exhibit A Scope of Services of the Master Agreement and Section I for Park Vista Apartments.

The CONTRACTOR/CONSULTANT shall not accept any change of scope, or change in contract provisions, unless issued in writing, as a Change Order, or amendment to this Agreement and signed by CITY.

ARTICLE 2. PROJECT STAFF

CONTRACTOR/CONSULTANT shall use only those employees, and sub consultants listed below:

Brian Colindres - Execurive of Operations and Training
David Reynoso - Chief of Operations
Samual Santillano - Quality Assurance Manager
Sandy Ladage - Scheduling/ Communications Manager
Larry Morrow - Training
Security Guards

ARTICLE 3. CONTRACT PRICE

HOUSING AUTHORITY shall pay CONTRACTOR/CONSULTANT for completion of the Work in accordance with the Contract Documents a fee not to exceed One Hundred Thirty Thousand Two Hundred Forty-nine Dollars ($130,249) determined and payable as set forth in Ongoing Contract No. A-8811 at the following Fee Schedule:

1-4Concord - Document ID: generated after first signature See Exhibit B

ARTICLE 4. CONTRACT TIME

The term of this contract is three (3) years commencing on July 1, 2024 through June 30, 2027 with option to extend two additional one year terms.

This Agreement is the Notice to Proceed directing CONTRACTOR/CONSULTANT to commence work on July 1, 2024.

2-4Concord - Document ID: generated after first signature ARTICLE 5. GENERAL

This Authorization Agreement is entered into pursuant to Ongoing Contract No. 8811 and the terms and conditions contained therein are incorporated herein by reference as if set forth in full.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

CITY OF PALMDALE ABSOLUTE INTERNATIONAL

SECURITY, INC

Ronda Perez
Executive Director

Lucy Lin
President/QM
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38250 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL

SECURITY, INC
5155 Irwindale Avenie
Irwindale, CA 91706
APPROVE AS TO FORM:

William P. Curley, III
Authority Counsel

ATTEST:

Roxanne Faber
Authority Secretary

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

□Certificate(s) and Endorsement(s) attached
□Confirmed business name on contract with certificate(s) □Original agreement and previous amendment(s) (if any) are attached □Attached Agreement Checklist and met all requirements
3-4Concord - Document ID: generated after first signature 4-4Concord - Document ID: generated after first signature A-8811 A through G Exhibit A
Housing Authority of the City of Palmdale
Scope of Work
Absolute International Security, Inc. (AIS) shall provide appropriately equipped and well- trained, certified, and/or licensed security guards for the protection of the Housing Authority of the City of Palmdale’s (Housing Authority) employees, the public, and property. AIS shall plan, schedule, and coordinate with the Housing Authority and On- Site Property Management to ensure the effective performance of all services described herein. The quality and experience of security guards and the services provided will be critical elements of the contract.

A. Contractor Service Requirements:
 AIS shall comply with all applicable federal, state, and local laws, rules, and regulations, including but not limited to those regarding wages, and cover all rest and meal periods to ensure continuous coverage.
 AIS shall agree and ensure that security personnel fully perform their duties in accordance with City-imposed policies, procedures, and conditions for continued service at this account.
o AIS shall ensure that security personnel are fully aware of the political sensitivities that exist in a municipal government. AIS shall immediately transfer/remove security personnel from the account at the Housing Authority’s request.
 AIS shall provide standard uniforms to security personnel. o Security guards are to be dressed in appropriate uniforms that comply with the “name and patch” requirements of the State of California Department of Consumer Affairs for security guards. Uniforms are to be neat, clean, pressed, and lint-free. Uniforms are to include dress or leather work shoes that are clean, in good repair, and color coordinated with the uniform. No tennis or athletic shoes are permitted.
o This also includes a visual depiction of uniforms as part of the proposal, including any overcoats, jackets, headgear, and photo ID badges.  AIS shall ensure all security personnel have proper communication equipment (radios, cell phones, etc.).
 AIS shall ensure that security guards are provided with or bring their own water or hydration drinks for their assignment and are supported in all weather conditions.  AIS shall designate a Supervisor/Manager who will be the point of contact for the Housing Authority and who will ensure all work tasks are performed by each security guard and staff to meet contract obligations. The Supervisor/Manager shall coordinate all phases of security services.
 The Supervisor/Manager shall work continuously with the Housing Authority representative to improve or modify the schedules, service model, and reporting protocols as needed.
 The Supervisor/Manager shall address all issues relating to this contract, staffing, performance, etc.
 AIS shall not replace the Supervisor/Manager unless prior written notice is provided to and approved by the Housing Authority.
 AIS shall supervise on-site security guards and must periodically check security guard staff during assigned shifts. The assigned supervisor shall provide the Housing Authority Representative with any identified issues and any resolution, as necessary.
 AIS shall offer a patrol motoring system. For further system criteria, please refer to the “Reporting and Notification” section.
 AIS shall not be entitled to be paid or reimbursed by the City for any services or any other labor, supervision, or material that is in excess of the Scope of Services.  AIS shall ensure security guards provide exceptional service through checks, balances, audits and/or inspections.
 Absolute International Security shall, at the firm’s expense, have all assigned guards complete Absolute International Security’s established training program, and shall make evidence of completion of the training available upon request. In addition, AIS must provide a copy of their training plan/schedule.  AIS will conduct personal background checks on all personnel before they are assigned work under the Award Contract with the Housing Authority. Background checks must include fingerprinting. The Housing Authority reserves the right to review all background checks and to conduct security clearances on all personnel assigned. The Housing Authority may verify each license and obtain AIS’s complaint history from the Department of Consumer Affairs, Bureau of Collection, and Investigative Services.

B. Security Guard Requirements
 All unarmed security guards shall meet the requirements, including a valid Security Guard Registration (California Guard Card) of the California State Department of Consumer Affairs, Bureau of Collections, and Investigations. The Security guard shall act as a polite and professional “ambassador” for the Housing Authority, educating visitors on current site rules and regulations and requesting compliance.  Upon arrival, security guards shall contact Site Management personnel to confirm the guard is onsite.
 Security guards’ appearance, personal hygiene, attitude, courtesy, and job knowledge need to present a favorable image. No smoking, reading unauthorized material, eating, or grooming shall be permitted while guards are in public view.  Security guards shall arrive in uniform provided by AIS, before arriving on site. The uniform must have the Absolute International Security, Inc. name. A photo ID badge is to be worn at all times. Security guards shall maintain CPR and First Aid Training certification and remain certified to remain compliant. No personal phone calls will be permitted, except in an emergency.
 All Security personnel are responsible for documenting any security incidents in a formal report and shall provide electronic copies to the Housing Authority. Further criteria are noted in the “Reporting and Notification” section below.  Security guards shall be adequately trained and experienced in their specific duties, and in addition, the use of all-purpose fire extinguishers, drug/narcotics identification, bomb threat situations, the avoidance of violent situations, and be specifically trained for each piece of security equipment carried or used.  Security guards shall protect the safety of persons and properties on site.  Security guards shall always be clearly visible when on foot patrol.  Security Guards shall not be permitted to carry a weapon of any type.  Security Guards shall not be permitted to carry or possess any unauthorized equipment such as firearms, knives, batons, Tasers, chemical agents, concealed weapons, or any other items, not specifically approved in the Contract.  Security Guard must be of a temperament to work and communicate with adults, teens, and children of all ages and be capable of controlling a crowd in all circumstances.
 Security guard shall prohibit entry into secured sites by anyone other than persons with authorized access to the premises and assist/escort patrons on/off the property as necessary.
 AIS will fully cooperate with the Housing Authority, City of Palmdale, Los Angeles County Sheriff’s Department, and any other public agency, in addition to making any assigned security guard available to said agencies/entities in the event of any investigation.
 AIS shall be responsible for any loss or damage to property, including money securities, merchandise, fixtures, and equipment belonging to the Housing Authority, if the Contractor caused any such loss or damage.

C. Security Guard Patrol Vehicle Requirements/Duties
 When required, as needed, or as requested, AIS shall provide a clearly marked and professional Patrol Vehicle. Vehicle type, markings, lights, etc. are to be of a type approved by the Housing Authority.
 Patrol Vehicles shall be equipped with a heavy-duty/rechargeable flashlight, traffic cones, flares, a first aid kit, a blanket, and a fire extinguisher.  Security Guards operating Patrol Vehicles shall conduct patrols in AIS-provided vehicles. Patrol Security Guards shall have valid Class “C” California driver’s licenses.

D. Reporting and Notification
 Security guards shall log and report all serious incidents to the Onsite Management and Housing Authority Representative.
o Items to be documented include, but are not limited to, suspicious persons, security breaches, system failures, facility maintenance issues, safety hazards, any bomb threats, criminal activity, or incidents that occur to any member of the public.
o These forms should be used to document any damage, such as graffiti or vandalism, noted at any of the Housing Authority facilities. o Security personnel shall document any security incidents on the incident report form and provide electronic copies to the Onsite Management and Housing Authority Representative.
 The Vendor must have a patrol monitoring system in place to allow security guards to scan assigned QR-code checkpoints located at Housing Authority facility locations including building entrances, doors, window frames, etc. o The function is to be used on regular patrol, for tracking, and to generate real-time reports. Special events would be requested on an as-needed basis.
o Guard tours are to be monitored by AIS, the Onsite Management and the Housing Authority Representative remotely and sent by email to ensure required patrols are being conducted.

E. Customer Service and After-Hours Notification
 Absolute International Security is required to have a dedicated after-hours notification line monitored and answered by an employee who can dispatch crews should an after-hour emergency or urgent issue occur.

F. Hours of Operation
 Work hours vary by facility and times are subject to change at any time. The Contractor will be notified by the Onsite Management or the Housing Authority Representative of any changes to department hours or any adjustments needed to be made to the existing schedule prior to implementation.

G. Requests from the Public
 Absolute International Security and its security guards are prohibited from taking direct requests from any residents, visitors to the facilities, or any other organizations. The security guard will make every effort to politely inform the requesting individual or party to contact Onsite Management or the Housing Authority Representative.

H. Requests from the Media
 Absolute International Security and its security guards shall not speak to the media on the Housing Authority’s behalf without prior approval. All media inquiries should be directed to the City’s Public Information Officer (PIO) or City Representative.

I. Locations and Areas of Service
Facility Address Number of Units Schedule
Boulders at the
Ranch I
40707 Rancho
Vista Blvd
358 spaces One Security guard is posted at
the gate for 24/7 coverage. Shared
vehicle random patrol Mon – Fri, 4
days, 4-hour shift 10:30 pm – 2:30
am or 1:30 am – 5:30 am; Sat-Sun
9:30 pm - 6 am
Boulders at the
Ranch II
5200 Entrar Drive 206 spaces One Security guard is posted at the gate for 24/7 coverage. Shared
vehicle random patrol with
Boulders at the Ranch I.

Boulders at the
Lake
1030 East
Avenue S
223 spaces One Vehicle patrol, Mon-Fri 11:30
pm – 5:30 am, Sat - Sum 9:00 pm
to 5:00 am
Impressions
Apartments
38045 10th Street
East
109 units One Security Guard foot patrol;
Mon-Sun 9 pm – 5 am coverage
La Quinta
Apartments
38301 11th Street
East
100 units One Security Guard foot patrol;
Mon-Sun 9 pm – 5 am coverage
Summerwood
Apartments and
Park Vista
Apartments
38272 11th Street
East
38204 11th Street
East
54 units
28 units
One shared Security Guard foot
patrol; Mon-Sun 9 pm – 5 am
coverage
Fiscal Year (July 1 – June
30)
Regular Hourly
Rate
Overtime Hourly Rate
(1.5x)
Double Overtime
Hourly Rate (2x)
Holiday Hourly
Rate
2023/24 $ 29.68 $ 44.52 $ 59.36 $ 44.52 2024/25 $ 30.72 $ 46.08 $ 61.44 $ 46.08 2025/26 $ 31.79 $ 47.69 $ 63.59 $ 47.69 2026/27 $ 32.91 $ 49.36 $ 65.81 $ 49.36 2027/28 $ 34.06 $ 51.09 $ 68.12 $ 51.09 2028/29 $ 35.25 $ 52.88 $ 70.50 $ 52.88 Fiscal Year (July 1 – June
30)
Regular Hourly
Rate
Overtime Hourly
Rate (1.5x)
Double Overtime
Hourly Rate (2x)
Holiday Hourly
Rate
2023/24 $ 33.48 $ 48.32 $ 63.16 $ 48.32 2024/25 $ 34.65 $ 50.01 $ 65.37 $ 50.01 2025/26 $ 35.86 $ 51.76 $ 67.66 $ 51.76 2026/27 $ 37.12 $ 53.57 $ 70.03 $ 53.57 2027/28 $ 38.42 $ 55.45 $ 72.48 $ 55.45 2028/29 $ 39.76 $ 57.39 $ 75.01 $ 57.39 Rate Type
Regular Rate
OvertimeRate (1.5x)
Double Overtime (2x)
Holiday Rate

PRICING (UNARMED SECURITY GUARD)
A-8811-A through G
Exhibit B
Absolute International Security Pricing
Additional Note:

AGREEMENT NO. A-8812

CONTRACT FOR SERVICES

BETWEEN THE CITY OF PALMDALE AND ABSOLUTE INTERNATIONAL

SECURITY

This CONTRACT for services (“Contract” herein) is made and entered into by and between the City of Palmdale, a public body corporate and politic, (hereinafter called “CITY”), and ABSOLUTE INTERNATIONAL SECURITY, a CONTRACTOR , (hereinafter called “CONTRACTOR”). This Contract shall become effective on the date of the last signatory.

RECITALS
WHEREAS, CONTRACTOR represents that CONTRACTOR has the expertise and is qualified to perform the services described in this Contract.

NOW THEREFORE, CITY and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as follows:
1 CITY PROJECT MANAGER
To provide the services required by this Contract, CONTRACTOR shall act under the authority and approval of Community Compliance Manager Director/designee, who shall oversee this Contract, the work performed by CONTRACTOR, assist CONTRACTOR with any necessary information, audit billings, and approve payments. The CONTRACTOR shall channel all contacts and requests through the City project manager.
2 DESCRIPTION OF WORK

2.1 CONTRACTOR shall provide the following services in a manner satisfactory to CITY:

This agreement will serve as the master agreement for multiple Project Authorization Agreement (PAAs). The scope of work will be detailed individually within each Project Authorization Agreement.

2.2 CONTRACTOR shall have no claim for compensation for any services or work, which has not been authorized by CITY’s Authorization to Proceed.

2.3 CONTRACTOR shall not accept any change of scope, or change in contract provisions, to this Contract unless issued in writing, as a contract change order or amendment and signed by CITY. Any extensions of time must be mutually agreed upon in writing and executed by both parties.

2.5 All work supplied under this Contract shall be fully guaranteed by CONTRACTOR for a minimum period of 1144 days from the date of acceptance by CITY. Any defects of design, workmanship, or materials that would result in non- compliance with the Contract specifications shall be fully corrected by CONTRACTOR (including parts and labor) without cost to CITY. The written warranty shall be included with the delivered products to the using Department.

2.6 CITY shall provide to CONTRACTOR, without charge, all data, program information, including reports, records, maps, and other information, now in CITY’s possession, which may facilitate the timely performance of the work. 3 CONTRACTOR’S KEY PERSONNEL

3.1 Key Staff. CITY reserves the right to review and approve CONTRACTOR’S staff including all subcontractors to be assigned to any project by CONTRACTOR during the term of this Contract.

CONTRACTOR’s Team and Key Personnel are as follows:

Brian Colindres - Executive of Operations and Training
David Reynoso - Chief or Operations
Samuel Santillano - Quality Assurance Manager
Sandy Ladage - Scheduling/Communications Manager
Larry Morrow - Training
This Services Contract has been awarded to CONTRACTOR based on its representation that those personnel and subcontractors submitted as part of its bid and listed above will perform the portions of the work listed above.

CONTRACTOR shall not deviate nor substitute any of these team members without prior written approval by CITY.

CONTRACTOR shall not enter into any Subcontract under this Contract for the performance of this Contract without the advance written approval of CITY. The subcontract shall incorporate by reference the terms and conditions of this Contract.

3.3 Direct Responsibility. All services required under this Contract shall be performed by CONTRACTOR, or under CONTRACTOR’s direct supervision, and all 2-12Concord - Document ID: generated after first signature personnel shall possess the qualifications, permits and licenses required by State and local law to perform such services.

3.3.3 CONTRACTOR shall indemnify and hold harmless CITY, and its respective officers, agents and employees from and against all claims, demands, damages or costs arising from CONTRACTOR’s acts or omissions with respect to any liability, damages, claims, costs and expenses of any nature arising from alleged violations of personnel practices.
4 CONTRACT TERM

The term of this Contract is THREE (3) YEARS, commencing on the effective date, with CITY reserving the option to extend the agreement for 2 additional terms of one year each.

5 ACCEPTANCE AND DOCUMENTATION
Each task shall be reviewed and approved by the Contract Project Manager to determine acceptable completion.

5.2 Property of CITY. All materials, including reports, computer programs and other deliverables, supplied or created under this Contract are the sole property of CITY. CONTRACTOR is not entitled to a patent or copyright on those materials and may not transfer the patent or copyright to anyone else. CONTRACTOR shall not use or release these materials without the prior written consent of CITY.

5.3 Products. All equipment, materials, parts, and other components incorporated in the work or services performed pursuant to this Contract shall be new, or the latest model and of the most suitable grade for the purpose intended. All work shall be performed in a skilled and workmanlike manner. 6 PRICE
3-12Concord - Document ID: generated after first signature CITY shall pay to CONTRACTOR an amount not to exceed ZERO dollars ($0) for the completion of all the work and services described in Section 2, which sum shall include all costs or expenses incurred by CONTRACTOR, payable as follows:

See Exhibit A, which will be applied to each PAA based on the scope of work detailed within that PAA.

6.1 An application for payment form must be submitted to CITY which shall include the following: a clear, detailed invoice reflecting work being billed for, a summary sheet showing percentage of work completed to date, amount/percent billed to date and current status of all tasks within a project; any/all backup documentation supporting the above items. Work schedule updates must also be included with the payment requests.

6.2 CONTRACTOR shall maintain adequate records and shall permit inspection and audit by CITY of CONTRACTOR’s charges under this Contract. CONTRACTOR shall make such records available to CITY during normal business hours upon reasonable notice. Nothing herein shall convert such records into public records, and they will be available only to CITY and any specified public agencies. Such records shall be maintained by CONTRACTOR for one (1) year following completion of the work under this Contract unless a longer period of time is required by state or federal law, in which event CONTRACTOR shall retain its records for the time required by such laws.

7.1 CONTRACTOR shall pay all sales, consumer, use, and other similar taxes required to be paid by CONTRACTOR in accordance with state and local laws.

7.2 CONTRACTOR is an independent contractor and shall have no power or authority to incur any debt, obligation, or liability on behalf of CITY. No person employed by CONTRACTOR or acting on its behalf, in connection with this Contract shall be considered the Agent or employee of CITY.

7.3 CONTRACTOR shall be required to obtain a current City of Palmdale business license, as required by the Palmdale Municipal Code, before an Authorization to Proceed is issued.

7.4 When equipment, materials or supplies generally taxable to CONTRACTOR are eligible for a tax exemption due to the nature of the work, CONTRACTOR shall assist the City in applying for and obtaining such tax credits and exemptions, which shall be paid or credited to the City.
4-12Concord - Document ID: generated after first signature 8 PATENT FEES AND ROYALTIES
CONTRACTOR shall pay all license fees and royalties and assume all costs incident to the use, in the performance of the work or the incorporation in the work of any invention, design, process, program, product or device which is the subject of patent rights or copyrights held by others. If a particular invention, design, process, program, product or device is specified in the contract documents for use in the performance of the work and if, to the actual knowledge of CITY, its use is subject to patent rights or copyrights calling for the payment of any license fee or royalty to others, the existence of such rights shall be disclosed by CITY in the contract documents.

CONTRACTOR shall indemnify and hold harmless CITY and anyone directly or indirectly employed by CITY from and against all claims, damages, losses and expenses (including attorneys' fees) arising out of any infringement of patent rights or copyrights incident to the use in the performance of the work, or resulting from the incorporation in the work of any invention, design, process, program, product or device not specified in the contract documents, and shall defend all such claims in connection with any alleged infringement of such rights. 9 INDEMNIFICATION
To the fullest extent permitted by law, CONTRACTOR and any subcontractors working on its behalf agree to indemnify CITY, its officers, employees, agents and elected and appointed boards (hereinafter “Indemnified Parties”) for any loss, claim, demand, cause of action, cost, expense, damage, obligation or liability which arises out of or is in any way connected with the performance of any work under this agreement, including any acts or omissions, willful misconduct or negligent conduct, whether active or passive, on the part of CONTRACTOR, or its subcontractors, and regardless of any acts, omissions or negligence (whether active or passive) of any person or entity indemnified hereunder. At their own expense, CONTRACTOR and, as applicable, any subcontractors working on its behalf, shall defend any suit, claim or action against the Indemnified Parties founded upon such loss, claim, demand, cause of action, cost, expense, damage, obligation or liability. CONTRACTOR shall ensure that the contract of any subcontractor working under this agreement contain an indemnity agreement, requiring the subcontractor to indemnify and defend the Indemnified Parties pursuant the terms set forth above. CONTRACTOR shall indemnify the Indemnified Parties, and save it harmless from any and all loss, damage, costs, expenses and attorney's fees suffered or incurred on account of any breach of the aforesaid obligations and covenants, and any other provision or covenant of this agreement.
10 INSURANCE

10.1 CONTRACTOR, at its expense, shall maintain in effect at all times during the performance of work under this Contract not less than the following coverage and limits of insurance, which shall be maintained with insurers listed “A” or better in the Best’s Insurance Guide and authorized to do business in the State of California. 5-12Concord - Document ID: generated after first signature Proof of Insurance, as identified in Section 10.8, must be reviewed and accepted by the City Attorney.

10.1.1 Workers’ Compensation and Employer’s Liability
 Workers’ Compensation -- coverage as required by the State of California  Employer’s Liability
$1,000,000 each accident
$1,000,000.00 policy limit bodily injury
$1,000,000.00 each employee bodily injury by disease

10.1.2 Commercial General Liability
 $1,000,000.00 limit on a per occurrence basis
 $2,000,000.00 general aggregate limit

10.1.3 Commercial Automobile Liability
 $1,000,000.00 combined single limit including owned, non-owned and hired automobile coverage

10.2 All of CONTRACTOR’s policies shall contain an endorsement providing that written notice shall be given to CITY at least thirty (30) calendar days prior to termination, cancellation, or reduction of coverage in the policy.

10.3 Policies providing for bodily injury and property damage coverage shall contain the following:

A. An endorsement extending coverage to the City as an additional insured, as respects liability arising out of the performance of any work under the Contract.

Such insurance shall be primary insurance, as respects the interest of the City, and any other insurance maintained by the City shall be considered excess coverage and not contributing insurance with the insurance required hereunder. The certificates shall state: “The City of Palmdale, Successor Agency to the Community Redevelopment Agency of the City of Palmdale, Palmdale Civic Authority, Housing Authority, Industrial Development Authority, Airport Authority, their officers, agents, employees and volunteers are named as additional insured”.

B. “Severability of Interest” Clause.

10.4 Promptly upon execution of this Contract, and prior to commencement of any work, CONTRACTOR shall deliver to CITY certificates of insurance and endorsements to all required policies demonstrating that CONTRACTOR has the required coverage and showing the required named insured. Within five (5) days of written request from CITY, CONTRACTOR shall deliver to CITY full and complete copies of all insurance policies required by this Contract.

10.7 All insurance coverage must be maintained throughout the duration of this Contract.

10.8 Acceptable Proof of Insurance:

10.9 Notwithstanding any other provision of this Contract, CITY may immediately terminate this Contract if, at any time CONTRACTOR fails to maintain the required insurance for any period of time or fails to comply with any of the insurance requirements listed above.

10.10 CONTRACTOR shall require any and all subcontractors working on its behalf to provide insurance coverages and limits that are based on the scope of work and nature of risk being performed by the subcontractor. Any and all subcontractors working on behalf of CONTRACTOR shall be subject to all other insurance requirements that are stated herein.

Any deviation in this requirement will be CONTRACTOR's sole risk. CONTRACTOR's insurance requirements in Section 10 will not be impacted and/or limited by such deviation.

11 TERMINATION WITHOUT CAUSE
City reserves the right to terminate this Contract or any part thereof for its sole convenience with fifteen (15) days written notice. In the event of such termination, CONTRACTOR shall immediately stop all work hereunder, and shall immediately cause any of its suppliers and subcontractors to cease such work. CONTRACTOR shall also surrender to CITY all finished or unfinished documents, processes, programs and other supplies and materials, which shall be City’s property. As compensation in full for services performed to the date of such termination, the CONTRACTOR shall receive an amount equal to the value of the work completed as of the termination date in accordance with the fee schedule or as negotiated between 7-12Concord - Document ID: generated after first signature the parties. In no event shall the amount payable upon termination exceed the total maximum compensation provided for in this Contract.
12 TERMINATION FOR CAUSE
If CITY determines that CONTRACTOR has failed to supply an adequate working force, or to provide services of proper quality, or has failed in any other respect to satisfactorily perform the services specified in this Contract, CITY shall give written notice to CONTRACTOR specifying all defaults to be remedied within thirty (30) days.

Such notice shall set forth the basis for CITY’s dissatisfaction and suggest corrective measures. If, after thirty days, CONTRACTOR has failed to implement appropriate corrective measures, CITY may elect to terminate this Contract in whole or in part.

12.1 In the event CITY terminates this Contract, in whole or in part, for cause, CITY may procure, upon such terms and in such manner, as it may deem appropriate, services similar to those terminated.

12.2 CONTRACTOR shall provide all finished or unfinished documents, data, studies, software, drawings, programs, processes, maps, photographs, reports, etc., prepared by CONTRACTOR within fifteen (15) working days after notice of termination. Upon such termination, CONTRACTOR shall be paid an amount equal to the value of the services provided and work performed as of the date of termination, taking into consideration the costs associated with hiring another CONTRACTOR to complete the services. In ascertaining the value of the work performed up to the date of termination, consideration shall be given to both completed work and work in progress, to complete and incomplete documents when such are delivered to CITY, and to authorized reimbursement expenses. The above is in addition to any other remedies available by law or equity to CITY.

12.3 If, after notice of termination of the Contract under the provisions of this Section 12, it is determined, for any reason, that CONTRACTOR was not in default, or that the default was excusable, then the rights and obligations of the parties shall be the same as if the notice of termination had been issued pursuant to Section 11. 13 DISPUTE RESOLUTION
All claims, disputes, and other matters in question between CITY and CONTRACTOR arising out of or relating to this Contract or the breach thereof shall, to the extent reasonably feasible, be resolved through good faith negotiations between the parties. 14 OWNERSHIP OF PRODUCT
All product, data, documents, programs and software including, but not limited to, research, field notes, investigations, analysis, studies, processes, software, instructions for use and other manuals, whether complete or incomplete, which are prepared or produced in the performance of this Contract are to be, and remain the property of CITY and shall be delivered to or left with CITY upon the completion or 8-12Concord - Document ID: generated after first signature termination of this Agreement. CONTRACTOR shall furnish CITY, upon its request, originals and reproducible and electronic copies of product, data reports, studies and of all other documents listed above. Electronic copies shall be provided in an unprotected format which allows CITY to copy, reproduce and makes changes as CITY deems necessary.
15 DELEGATION AND ASSIGNMENT

15.1 CONTRACTOR shall not delegate or assign its duties or rights hereunder, either in whole or in part, without the prior written consent of CITY; provided, however, that claims for money due or to become due to CONTRACTOR from CITY under this Contract may be assigned to a bank, trust company or other financial institution without such approval.

15.2 Any assignment, delegation or subcontract shall be made in the name of CONTRACTOR and shall not bind or purport to bind CITY and shall not release CONTRACTOR from any obligations under this Contract including, but not limited to, the duty to properly supervise and coordinate the work of employees, assignees, delegates and subcontractors. No such assignment, delegation or subcontract shall result in any increase in the amount of total compensation payable to CONTRACTOR under this Contract.
16 NON-DISCRIMINATION AND EQUAL EMPLOYMENT OPPORTUNITY

16.1 In performance of this Contract, CONTRACTOR shall not discriminate against any employee, subcontractor, or applicant for employment because of sex, color, race, religion, ancestry, national origin, disability, medical condition including the medical condition of Acquired Immune Deficiency Syndrome (AIDS) or any condition related thereto, marital status, sexual orientation, age, gender, gender identity, gender expression, genetic information, or military and veteran status.

CONTRACTOR will take affirmative action to ensure that applicants are employed, and that employees are treated during employment, without regard to their sex, color, race, religion, ancestry, national origin, disability, medical condition including the medical condition of Acquired Immune Deficiency Syndrome (AIDS) or any condition related thereto, marital status, sexual orientation, age, gender, gender identity, gender expression, genetic information, or military and veteran status . Affirmative action relating to employment shall include, but not be limited to the following:
employment, upgrading, demotion or transfer; recruitment; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship.

16.2 The provisions of subsection 16.1 above shall be included in all solicitations or advertisements placed by or on behalf of CONTRACTOR for personnel to perform any services under this Contract. CITY shall have access to all documents, data and records of CONTRACTOR and its subcontractors for purposes of determining compliance with the equal employment opportunity and non-discrimination provisions 9-12Concord - Document ID: generated after first signature of this Section, and all applicable provisions of Executive Order No. 11246 which is incorporated herein by this reference. A copy of Executive Order No. 11246 is available for inspection at, and on file with, the Palmdale City Clerk’s Office. 17 FINANCIAL INTEREST CERTIFICATION

17.1 CONTRACTOR warrants that no person has been employed or retained to solicit or secure this Contract upon an agreement or understanding for a commission, percentage, brokerage or contingent fee; and that no officer or employee of the CITY has any interest, financially or otherwise, in CONTRACTOR’s firm.

17.2 For breach or violation of this warranty, CITY shall have the right to annul this Contract without liability or at its discretion to deduct from the Contract Price or consideration, the full amount of such commission, percentage, brokerage or contingent fee.
18 CONFLICT OF INTEREST

18.2 CONTRACTOR shall not employ any City official or employee to perform any work required pursuant to this Contract.

18.3 To the extent required by the City Manager or his designee, CONTRACTOR shall complete and file with the City Clerk a Form 700 Statement of Economic Interests disclosing any reportable property interests, income, gifts, investments, or business positions.
19 COMPLIANCE WITH LAW

19.2 The law of the state of California shall govern this Contract. The venue of any legal action, either formal or informal, shall be the County of Los Angeles. 20 NOTICES
10-12Concord - Document ID: generated after first signature Any notice required under this Contract shall be in writing, addressed to the appropriate party at its address on the signature page and given personally or by registered or certified mail postage prepaid, or by a commercial courier service. All notices shall be effective upon the date of receipt.
21 ENTIRE AGREEMENT AND AMENDMENTS

21.1 This Contract is the complete Agreement between the parties and supersedes all prior proposals, agreements, and understandings between the parties and may not be modified or terminated orally.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

11-12Concord - Document ID: generated after first signature CITY OF PALMDALE: ABSOLUTE INTERNATIONAL SECURITY
:

Ronda Perez
City Manager

Lucy Lin
President/QM

ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway, Suite A
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL SECURITY
5155 Irwindale Avenue
Irwindale, CA 91706
APPROVE AS TO FORM:

William P. Curley, III
City Attorney

ATTEST:

Roxanne Faber
City Clerk

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) ■Attached Agreement Checklist and met all requirements
12-12Concord - Document ID: generated after first signature Fiscal Year (July 1 – June
30)
Regular Hourly
Rate
Overtime Hourly Rate
(1.5x)
Double Overtime
Hourly Rate (2x)
Holiday Hourly
Rate
2023/24 $ 29.68 $ 44.52 $ 59.36 $ 44.52 2024/25 $ 30.72 $ 46.08 $ 61.44 $ 46.08 2025/26 $ 31.79 $ 47.69 $ 63.59 $ 47.69 2026/27 $ 32.91 $ 49.36 $ 65.81 $ 49.36 2027/28 $ 34.06 $ 51.09 $ 68.12 $ 51.09 2028/29 $ 35.25 $ 52.88 $ 70.50 $ 52.88 Fiscal Year (July 1 – June
30)
Regular Hourly
Rate
Overtime Hourly
Rate (1.5x)
Double Overtime
Hourly Rate (2x)
Holiday Hourly
Rate
2023/24 $ 33.48 $ 48.32 $ 63.16 $ 48.32 2024/25 $ 34.65 $ 50.01 $ 65.37 $ 50.01 2025/26 $ 35.86 $ 51.76 $ 67.66 $ 51.76 2026/27 $ 37.12 $ 53.57 $ 70.03 $ 53.57 2027/28 $ 38.42 $ 55.45 $ 72.48 $ 55.45 2028/29 $ 39.76 $ 57.39 $ 75.01 $ 57.39 Rate Type
Regular Rate
OvertimeRate (1.5x)
Double Overtime (2x)
Holiday Rate

PRICING (UNARMED SECURITY GUARD)
A-8812
Exhibit A
Absolute International Security Pricing
Additional Note:

AGREEMENT NO. A-8812-A

AUTHORIZATION AGREEMENT

WITH ABSOLUTE INTERNATIONAL SECURITY
PURSUANT TO ONGOING CONTRACT NO. A-8812

This AGREEMENT is made and entered into by and between the City of Palmdale, a municipal corporation (hereinafter referred to as “CITY”) and ABSOLUTE INTERNATIONAL SECURITY (hereinafter referred to as
“CONTRACTOR/CONSULTANT”) and is an Authorization Agreement entered into pursuant to Ongoing Contract No. A-8812. This Contract shall become effective on the date of the last signatory.

WHEREAS, the term of Ongoing Contract No. A-8812 between the CITY and CONTRACTOR/CONSULTANT is from May 13, 2024 to June 30, 2027.

CITY and CONTRACTOR/CONSULTANT, in consideration of the mutual covenants herein set forth, agree as follows:

ARTICLE 1. DESCRIPTION OF WORK

The scope of work for this project consists of the following work:

See Exhibit A
The CONTRACTOR/CONSULTANT shall not accept any change of scope, or change in contract provisions, unless issued in writing, as a Change Order, or amendment to this Agreement and signed by CITY.

ARTICLE 2. PROJECT STAFF

CONTRACTOR/CONSULTANT shall use only those employees, and sub consultants listed below:

David Reynoso-Chief of Operations
Bryan Colindres-Executive of Operations and Training
Sam Santillano-Quality Assurance Manager
Sandy Ladage-Scheduling/Communications Manager
Larry Morrow-Training

ARTICLE 3. CONTRACT PRICE

CITY shall pay CONTRACTOR/CONSULTANT for completion of the Work in accordance with the Contract Documents a fee not to exceed Eight Million Eighty- Eight Thousand Four Hundred Fifty Dollars ($8088450) determined and payable as set forth in Ongoing Contract No. A-8812 at the following Fee Schedule:

See Exhibit B

No payment made hereunder by CITY to CONTRACTOR/CONSULTANT, shall be construed as an acceptance by CITY of any work or materials, nor as evidence of 1-3Concord - Document ID: generated after first signature satisfactory performance by CONTRACTOR/CONSULTANT of its obligations under this Contract.

ARTICLE 4. CONTRACT TIME

CONTRACTOR/CONSULTANT agrees to complete all work within 1144 (One Thousand Forty-Four) CALENDAR days of the date this Agreement is executed by CITY and in accordance with the following Project Schedule:

The term of this Contract is Three (3) years, commencing on May 13, 2024 to June 30, 2027.

This Agreement is the Notice to Proceed directing CONTRACTOR/CONSULTANT to commence work on June 1, 2024.

2-3Concord - Document ID: generated after first signature ARTICLE 5. GENERAL

This Authorization Agreement is entered into pursuant to Ongoing Contract No. 8812 and the terms and conditions contained therein are incorporated herein by reference as if set forth in full.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

CITY OF PALMDALE ABSOLUTE INTERNATIONAL

SECURITY

Ronda Perez
City Manager

Lucy Lin
President/QM
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway, Suite A
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL

SECURITY
5155 Irwindale Avenue
Irwindale, CA 91706
APPROVE AS TO FORM:

William P. Curley, III
City Attorney

ATTEST:

Roxanne Faber
City Clerk

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) □Original agreement and previous amendment(s) (if any) are attached □Attached Agreement Checklist and met all requirements
3-3Concord - Document ID: generated after first signature A-8812-A
Exhibit A

Page 1 of 6 ends

SCOPE OF WORK
The Contractor shall provide appropriately equipped and well-trained, cer?ﬁed, and/or licensed security guards for the protec?on of the City’s employees, the public, and property, and shall plan, schedule, and coordinate with the City of Palmdale to ensure the eﬀec?ve performance of all services described herein. The quality and experience of security guards and the services provided will be cri?cal elements of the contract,par?cularly in the following “Scope of Work (Speciﬁca?ons).” A. Contractor Service Requirements:
 The Contractor shall comply with all applicable federal, state, and local laws, rules, andregula?ons, including but not limited to those regarding wages, and cover all rest and meal periods to ensure con?nuous coverage.
 The Contractor shall agree and ensure that security personnel fully perform their du?es in accordance with City-imposed policies, procedures, and condi?ons for con?nued service at this account.
o The Contractor shall ensure that security personnel are fully aware of the poli?cal sensi?vi?es that exist in a municipal government.
o The Contractor shall immediately transfer/remove security personnel from the account at the City’s request.
 The Contractor shall provide standard uniforms to security personnel. o Security guards are to be dressed in appropriate uniforms that comply with the “name and patch” requirements of the State of California Department of Consumer Aﬀairs for security guards. Uniforms are to be neat, clean, pressed, and lint-free. Uniforms are to include dress or leather work shoes that are clean, in good repair, and color coordinated with the uniform. No tennis or athle?c shoes are permi? ed. o This also includes a visual depic?on of uniforms, including any overcoats, jackets, headgear, and photo ID badge.
 The Contractor shall ensure all security personnel have proper communica?on equipment (radios, cell phones, etc.).
 The Contractor shall ensure that securityguards are provided with or bring their water/hydra?on drinks for events and are provided support for all weather condi?ons.  The Contractor shall designate a Supervisor/Manager who will be the point of contact for the City and who will ensure all work tasks are performed by each security guard and staﬀ to meet contract obliga?ons.
o The Supervisor/Manager shall coordinate all phases of security services. o The Supervisor/Manager shall workcon?nuously with the Cityrepresenta?ve to improve or modify the schedules, service model, and repor?ng protocols as needed. o The Supervisor/Manager shall address all issues rela?ng to this contract, staﬃng, performance, etc.
o The Contractor shall not replace the Supervisor/Manager unless prior wri? en no? ce is given to and approved by the City.
 The Contractor shall provide supervision of on-site security guards and must provide sporadic checks of security guard sta ﬀ during assigned shi? s. The assigned supervisor shall provide the City Representa?ve with any issues iden?ﬁed and any resolu?ons, as necessary.  The Contractor shall o ﬀer a patrol motoring system. Please refer to the “ Repor? ng and No? ﬁca?on” sec?on for further system criteria.
A-8812-A
Exhibit A

Page 2 of 6 ends

 The Contractor shall not be en?tled to be paid or reimbursed by the City for any services or any other labor, supervision, or material that is in excess of the Scope of Services.  The Contractor shall ensure security guards provide excep?onal service through checks and balances, audits, and/or inspec?ons.
 The Contractor shall, at the contractor’s expense, have all assigned guards complete the Contractor’s established training program and shall make evidence of such training available upon request.
 The Contractor will conduct personal background checks on all personnel before they are assigned work under the Award Contract with the City of Palmdale. Background checks must include ﬁngerprin?ng. The City of Palmdale reserves the right to review all background checks and to conduct security clearances on all personnel assigned. The City of Palmdale may verify each license and obtain a complaint history of the successful Proposer from the Department of Consumer Aﬀairs, Bureau of Collec?on, and Inves?ga?ve Services. B. Security Guard Requirements
 All unarmed security guards shall meet the requirements, including a valid Security Guard Registra?on (California Guard Card) of the California State Department of Consumer A ﬀairs, Bureau of Collec?ons, and Inves?ga?ons. The Security guard shall act as a polite and professional “ambassador” for the city, educa?ng visitors on current site rules and regula?ons and reques?ng compliance.
 Designated City representa?ve shall have access to verify arrival/departure ?mes from assigned loca?ons.
 Security guards’ appearance, personal hygiene, a? tude, courtesy, and job knowledge need to present a favorable image. No smoking, reading unauthorized material,ea?ng, or grooming shall be permi? ed while guards are in public view.
 Security guards shall arrive in uniform provided by the Contractor before arriving on site.

The uniform must have the contractor’s name. A photo ID badge is to be always worn.  No personal phone calls will be permi? ed except in an emergency.  All Security personnel are responsible for documen?ng any security incidents in a formal report and shall provide electronic copies to the City. Further criteria are noted in the “Repor? ng and No? ﬁca? on” sec?on below.
 Security guards shall escort City sta ﬀ as requested. A dispatch number shall be provided to accommodate escort services upon award of contract services.  Security guards shall be adequately trained and experienced in their speci ﬁc du?es, and in addi?on, the use of all-purpose ﬁre ex?nguishers, drug/narco?cs iden? ﬁca?on, bomb threat situa?ons, the avoidance of violent situa?ons, and be speci ﬁcally trained for each piece of security equipment carried or used.
o Security guards shall maintain CPR and First Aid Training cer?ﬁca?on and remain cer?ﬁed to remain compliant.
 Security guards shall protect the safety of persons and proper?es on site.  Security guards shall always be clearly visible when on foot patrol.  Security Guards shall not be permi? ed to carry a weapon of any type. o Security personnel shall not be permi? ed to carry or possess any unauthorized equipment such as handcuffs, ﬁrearms, knives, batons, Tasers, chemical agents, concealed weapons, or any other items not speciﬁcally approved in the Contract.

A-8812-A
Exhibit A

Page 3 of 6 ends

 Security Guard must have the temperament to work and communicate with adults, teens, and children of all ages and be capable of controlling a crowd in all circumstances.  Security guard shall prohibit entry into secured sites by anyone other than persons with authorized access to the premises and assist/escort patrons on/oﬀ the property as necessary.  The Contractor will fully cooperate with the City of Palmdale, Los Angeles County Sheri ﬀ’s Department, and any other public agency, in addi?on to making any assigned security guard available to said agencies/en??es in the event of any inves?ga?on.   The Contractor shall be responsible for any loss or damage to property, including money securi?es, merchandise, ﬁxtures, and equipment belonging to the City if the Contractor caused any such loss or damage.
C. Security Guard Patrol Vehicle Requirements/Du?es
 When required, as needed, or as requested, the Contractor shall provide a clearly marked and professional Patrol Vehicle.
o Vehicle type, markings, lights, etc., are to be of a type approved by the City.  Patrol Vehicles shall be equipped with a heavy-duty/Rechargeableﬂashlight, Traﬃc Cones, Flares, a First Aid Kit, a Blanket, and a FireEx?nguisher.  Security Guards opera?ng Patrol Vehicles shall conduct patrols in Contractor-provided vehicles.

Patrol Security Guards shall have valid Class “C” California driver’s licenses.

D. Repor? ng and No?ﬁca? on
 Security guards shall log and report all serious incidents, as deﬁned by the City. o Items to be documented include, but are not limited to, suspicious persons, security breaches, system failures, facility maintenance issues, safety hazards, any bomb threats, criminal ac?vity, or incidents that occur to any member of the public. o The Contractor’s patrol monitoring system should report electronically to the City’s repor?ng system for any damage, such as graﬃ? or vandalism, noted at any of the city facili?es.
 Security personnel shall document any security incidents on the Contractor’s repor?ng pla? orm/so? wareand provide electronic copies to the City.  The Vendor must have a patrol monitoring system in place to allow security guards to scan assigned QR-code checkpoints located at City entrances, doors, window frames, etc. o The func?on is to be used on regular patrol, for tracking, and to generate real-?me reports.
o Guard tours are to be monitored by the Contractor & Cityrepresenta?ve remotely and sent by email to ensure required patrols are being conducted.  Customer Service and A? er-Hours No?ﬁca?on
o The Contractor is required to have a dedicated a? er-hours no?ﬁca?on line monitored and answered by an employee who can dispatch crews should an a? er-hour emergency or urgent issue occur.

E. Hours of Opera?on
 Work hours vary by department, and ?mes are subject to change at any ?me. Events, dates, and ?mes will vary throughout the year. The Contractor will be no?ﬁed by the Department City Representa?ve of any changes to department hours or adjustments to theexis?ng schedule prior to implementa?on.

F. Requests from the Public
A-8812-A
Exhibit A

Page 4 of 6 ends

 The Contractor and its security guards are prohibited from taking direct requests from any residents, park patrons, or any other organiza?ons. The security guard will make every eﬀort to politely inform the reques?ng individual or party to contact the City Staﬀ/Representa?ve.

G. Requests from the Media
 The Contractor and its security guards shall not speak to the media on the City’s behalf without prior approval. All media inquiries should be directed to the City’s PublicInforma?on Oﬃcer (PIO) or City Representa?ve.

H. Loca? ons and Areas of Service
 CONTRACTOR will provide Security Services for the following areas and loca?ons:

Palmdale Transporta?on Center: 24/7
 39000 Clock T ower Plaza Drive
Guard
1 Security
1 Security with vehicle
Park & Ride: 24/7
 434 Avenue S
 210 Avenue S
 37800 Tierra Subida Avenue
Guard
1 Security with vehicle
Patrol: 24/7
Guard
1 Security with vehicle
Name of Location Location Address
Palmdale Amphitheater 2723 Rancho Vista Boulevard
Poncitlán Square 38315 9th Street East
DryTown Waterpark 3850-B Avenue S
Palmdale Playhouse 38334 10th Street East
SAVES 1002 Avenue Q-12
Aero Institute 38256 Sierra Highway
Anaverde Park 2820 Greenbrier Street
A-8812-A
Exhibit A

Page 5 of 6 ends

Arnie Quinones Park 41003 50th Street West
Chimbole Cultural Center (1st & 2nd Floor) 38350 Sierra Highway City Hall 38300 Sierra Highway
Desert Sands Park 39117 3rd Street East
Development Services (1st & 2nd Floor) 38250 Sierra Highway Domenic Massari Park 37716 55th Street East
East Avenue S Park and Ride 210 Avenue S
Foothill Park 2525 The Groves
Gabriel Neighborhood House 38553 4th Street East
Joe Davies Heritage Air Park 2001 Avenue P
Joshua Hills Park 3110 Fairfield Avenue
Legacy Commons Senior Center 930 Avenue Q-9
Manzanita Heights Park 431 Mesa Verde Avenue
Manzanita Neighborhood House 38627 32nd Street East
Marie Kerr Park 39700 30th Street West
Melville J. Courson Park 38226 10th Street East
Palmdale City Library (1st & 2nd Floor) 700 East Palmdale Boulevard Palmdale Film Stage 38448 Sierra Highway
Palmdale Oasis Park 3850 Avenue S
Palmdale Transportation Center 39000 Clock Tower Plaza Drive Pelona Vista Park 37800 Tierra Subida Avenue
Public Works Maintenance Facility 39110 3rd Street East Records Center 616 Ave P / Rancho Vista Boulevard
Sam Yellen Park & Dog Park 5100 Avenue S
Tumbleweed Neighborhood House 1129 Avenue R-4
West Avenue S Park and Ride 434 Avenue S
William J. McAdam Park 38115 30th Street East
Yucca Neighborhood House 503 Avenue Q-3
Parks: 14:00 - 24:00
Guard
2 Security — Marie Kerr Park: 39700 30th Street West
2 Security — Domenic Massari Park: 37716 55th Street East 2 Security — William J. McAdam Park: 38115 30th Street East A-8812-A
Exhibit A

Page 6 of 6 ends

2 Security – Melville J. Courson Park: 38226 10th Street East 1 Security — Sam Yellen Park & Dog Park: 5100 Avenue S
Civic Center: 24/7
Guard
1 Security with vehicle
Loca? ons include:

Name of Location Location Address
Poncitlán Square 38315 9th Street East
Palmdale Playhouse 38334 10th Street East
SAVES 1002 Avenue Q-12
Aero Institute 38256 Sierra Highway
Chimbole Cultural Center (1st & 2nd Floor) 38350 Sierra Highway City Hall 38300 Sierra Highway
Development Services (1st & 2nd Floor) 38250 Sierra Highway Legacy Commons Senior Center 930 Avenue Q-9
Melville J. Courson Park 38226 10th Street East
Palmdale City Library (1st & 2nd Floor) 700 East Palmdale Blvd  The City shall adjust the security/guard coverage needs as necessary in the best interest of the City.
 On an “as needed” and scheduled basis, the City’s Park Maintenance Sta ﬀ will need to restrict access to certain areas in park Pest Control Management. Security Guards shall post at the loca?on and restrict access to non-authorized personnel.  Overnight Patrol:
o Security Guards shall rou?nely walk and monitor the City facili?es/Parks to ensure no unauthorized persons enter the grounds, ensure all equipmentand supplies are secure, and report any intruders to Law Enforcement and/or City Personnel. o Security Guards shall close/secure all parking lot gates at designated/posted ?me.  On-site Supervisor:
o A supervisor shall be available to City personnel 24/7. This supervisor will be the main communicator with City personnel and ensure guards are working in accordance with guidelines.

PRICING (UNARMED SECURITY GUARD)
A-8812-A and B
Exhibit B
Absolute International Security Pricing
Additional Note:

AGREEMENT NO. A-8812-B

AUTHORIZATION AGREEMENT
WITH ABSOLUTE INTERNATIONAL SECURITY, INC.

PURSUANT TO ONGOING CONTRACT NO. A-8812

This AGREEMENT is made and entered into by and between the City of Palmdale, a municipal corporation (hereinafter referred to as “CITY”) and ABSOLUTE INTERNATIONAL SECURITY, INC. (hereinafter referred to as “CONTRACTOR/CONSULTANT”) and is an Authorization Agreement entered into pursuant to Ongoing Contract No. A-8812. This Contract shall become effective on the date of the last signatory.

WHEREAS, the term of Ongoing Contract No. A-8812 between the CITY and CONTRACTOR/CONSULTANT is from June 1, 2024 to June 30, 2027.

CITY and CONTRACTOR/CONSULTANT, in consideration of the mutual covenants herein set forth, agree as follows:

ARTICLE 1. DESCRIPTION OF WORK

The scope of work for this project consists of the following work:

SEE EXHIBIT A
The CONTRACTOR/CONSULTANT shall not accept any change of scope, or change in contract provisions, unless issued in writing, as a Change Order, or amendment to this Agreement and signed by CITY.

ARTICLE 2. PROJECT STAFF

CONTRACTOR/CONSULTANT shall use only those employees, and sub consultants listed below:

David Reynoso-Chief of Operations
Bryan Colindres-Executive of Operations and Training
Sam Santillano-Quality Assurance Manager
Sandy Ladage-Scheduling/Communications Manager
Larry Morrow-Training

ARTICLE 3. CONTRACT PRICE

CITY shall pay CONTRACTOR/CONSULTANT for completion of the Work in accordance with the Contract Documents a fee not to exceed One Million Eighty-Six Thousand Four Hundred Seventy Dollars ($1,086,470.00) determined and payable as set forth in Ongoing Contract No. A-8812 at the following Fee Schedule:

See Exhibit B

ARTICLE 4. CONTRACT TIME

CONTRACTOR/CONSULTANT agrees to complete all work within One Thousand One Hundred Twenty-Five (1,125) CALENDAR days of the date this Agreement is executed by CITY and in accordance with the following Project Schedule:

The term of this Contract is Three (3) years, commencing on the effective date, with CITY reserving the option to extend the agreement for 2 additional terms of one year each.

This Agreement is the Notice to Proceed directing CONTRACTOR/CONSULTANT to commence work on June 1, 2024.

2-3Concord - Document ID: generated after first signature ARTICLE 5. GENERAL

This Authorization Agreement is entered into pursuant to Ongoing Contract No. 8812 and the terms and conditions contained therein are incorporated herein by reference as if set forth in full.

In Witness Whereof, the parties hereto have caused this Contract to be executed and attested by their respective officers thereunto duly authorized.

CITY OF PALMDALE ABSOLUTE INTERNATIONAL
SECURITY, INC.

Ronda Perez
City Manager

Lucy J. Lin
President & QM
ADDRESS FOR NOTICE:

CITY OF PALMDALE
827 East Avenue Q-9
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ABSOLUTE INTERNATIONAL
SECURITY, INC.
5155 Irwindale Avenue
Irwindale, CA 91706
(626) 858-7188
APPROVE AS TO FORM:

William P. Curley, III
City Attorney

ATTEST:

Roxanne Faber
City Clerk

---------------------------------------- INTERNAL USE ONLY ----------------------------------------

■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) □Original agreement and previous amendment(s) (if any) are attached ■Attached Agreement Checklist and met all requirements
3-3Concord - Document ID: generated after first signature Agrmt No. A-8812-B
Exhibit A

SCOPE OF WORK

The Contractor shall provide appropriately equipped and well-trained, certified, and/or licensed security guards for the protection of the City’s employees, the public, and property, and shall plan, schedule, and coordinate with the City of Palmdale to ensure the effective performance of all services described herein. The quality and experience of security guards and the services provided will be critical elements of the contract, particularly in the following “Scope of Work (Specifications).”

A. Contractor Service Requirements:
• The Contractor shall comply with all applicable federal, state, and local laws, rules, and regulations, including but not limited to those regarding wages, and cover all rest and meal periods to ensure continuous coverage.
• The Contractor shall agree and ensure that security personnel fully perform their duties in accordance with City-imposed policies, procedures, and conditions for continued service at this account.
o The Contractor shall ensure that security personnel are fully aware of the political sensitivities that exist in a municipal government.
o The Contractor shall immediately transfer/remove security personnel from the account at the City’s request.
• The Contractor shall provide standard uniforms to security personnel. o Security guards are to be dressed in appropriate uniforms that comply with the “name and patch” requirements of the State of California Department of Consumer Affairs for security guards. Uniforms are to be neat, clean, pressed, and lint-free. Uniforms are to include dress or leather work shoes that are clean, in good repair, and color coordinated with the uniform. No tennis or athletic shoes are permitted. o This also includes a visual depiction of uniforms, including any overcoats, jackets, headgear, and photo ID badge.
• The Contractor shall ensure all security personnel have proper communication equipment (radios, cell phones, etc.).
• The Contractor shall ensure that security guards are provided with or bring their water/hydration drinks for events and are provided support for all weather conditions. • The Contractor shall designate a Supervisor/Manager who will be the point of contact for the City and who will ensure all work tasks are performed by each security guard and staff to meet contract obligations.
o The Supervisor/Manager shall coordinate all phases of security services. o The Supervisor/Manager shall work continuously with the City representative to improve or modify the schedules, service model, and reporting protocols as needed. o The Supervisor/Manager shall address all issues relating to this contract, staffing, performance, etc.
o The Contractor shall not replace the Supervisor/Manager unless prior written notice is given to and approved by the City.
• The Contractor shall provide supervision of on-site security guards and must provide sporadic checks of security guard staff during assigned shifts. The assigned supervisor shall provide the City Representative with any issues identified and any resolutions, as necessary.

Agrmt No. A-8812-B
Exhibit A
• The Contractor shall offer a patrol motoring system. Please refer to the “Reporting and Notification” section for further system criteria.
• The Contractor shall not be entitled to be paid or reimbursed by the City for any services or any other labor, supervision, or material that is in excess of the Scope of Services. • The Contractor shall ensure security guards provide exceptional service through checks and balances, audits, and/or inspections.
• The Contractor shall, at the firm’s expense, have all assigned guards complete the Contractor’s established training program and shall make evidence of such training available upon request.
• The Contractor will conduct personal background checks on all personnel before they are assigned work under the Award Contract with the City of Palmdale. Background checks must include fingerprinting. The City of Palmdale reserves the right to review all background checks and to conduct security clearances on all personnel assigned. The City of Palmdale may verify each license and obtain a complaint history of the successful Proposer from the Department of Consumer Affairs, Bureau of Collection, and Investigative Services.

Agrmt No. A-8812-B
Exhibit A
o Security personnel shall not be permitted to carry or possess any unauthorized equipment such as firearms, knives, batons, Tasers, chemical agents, concealed weapons, or any other items not specifically approved in the Contract. • Security Guard must have the temperament to work and communicate with adults, teens, and children of all ages and be capable of controlling a crowd in all circumstances. • Security guard shall prohibit entry into secured sites by anyone other than persons with authorized access to the premises and assist/escort patrons on/off the property as necessary.
• The Contractor will fully cooperate with the City of Palmdale, Los Angeles County Sheriff’s Department, and any other public agency, in addition to making any assigned security guard available to said agencies/entities in the event of any investigation. • The Contractor shall be responsible for any loss or damage to property, including money securities, merchandise, fixtures, and equipment belonging to the City if the Contractor caused any such loss or damage.

C. Security Guard Patrol Vehicle Requirements/Duties
• When required, as needed, or as requested, the Contractor shall provide a clearly marked and professional Patrol Vehicle.
o Vehicle type, markings, lights, etc., are to be of a type approved by the City. • Patrol Vehicles shall be equipped with a heavy-duty/Rechargeable flashlight, Traffic Cones, Flares, a First Aid Kit, a Blanket, and a Fire Extinguisher. • Security Guards operating Patrol Vehicles shall conduct patrols in Contractor-provided vehicles.

Patrol Security Guards shall have valid Class “C” California driver’s licenses.

D. Reporting and Notification
• Security guards shall log and report all serious incidents, as defined by the City. o Items to be documented include, but are not limited to, suspicious persons, security breaches, system failures, facility maintenance issues, safety hazards, any bomb threats, criminal activity, or incidents that occur to any member of the public. o The Contractor’s patrol monitoring system should report electronically to the City’s reporting system for any damage, such as graffiti or vandalism, noted at any of the city facilities.
o Security personnel shall document any security incidents on the Contractor’s reporting platform/software and provide electronic copies to the City. • The Vendor must have a patrol monitoring system in place to allow security guards to scan assigned QR-code checkpoints located at City entrances, doors, window frames, etc. o The function is to be used on regular patrol, for tracking, and to generate real-time reports.
o Guard tours are to be monitored by the Contractor & City representative remotely and sent by email to ensure required patrols are being conducted. • Customer Service and After-Hours Notification
o The Contractor is required to have a dedicated after-hours notification line monitored and answered by an employee who can dispatch crews should an after-hour emergency or urgent issue occur.

E. Hours of Operation
• Work hours vary by department, and times are subject to change at any time. Events, dates, and times will vary throughout the year. The Contractor will be notified by the Department City Representative of any changes to department hours or adjustments to the existing schedule prior to implementation.

Agrmt No. A-8812-B
Exhibit A
F. Requests from the Public
• The Contractor and its security guards are prohibited from taking direct requests from any residents, park patrons, or any other organizations. The security guard will make every effort to politely inform the requesting individual or party to contact the City Staff/Representative.

G. Requests from the Media
• The Contractor and its security guards shall not speak to the media on the City’s behalf without prior approval. All media inquiries should be directed to the City’s Public Information Officer (PIO) or City Representative.

CONTRACTOR will provide Security Services for the following areas and locations:

1. Special Events Support: (Various City Locations)

o Special Event Days/Hours:
▪ Varies based on the size, duration, and scope of the event. ▪ Estimated one to twelve Security Guards Coverage per event. o Event Operations:
▪ AIS security guards shall provide perimeter, gate, and interior patrol of special events.
• Perimeter patrol shall ensure no unauthorized / un-ticketed persons enter the grounds.
• Gate control shall ensure every patron entering has their bags and personal belongings screened for unauthorized items (vary per event) and may provide metal detection.
• Interior patrol shall ensure patrons follow event rules and procedures and provide immediate response to altercations that may arise, including removing patrons from the facility.
• Additional services based on event needs.

Overnight Patrol of Event Grounds:
o AIS security guards shall routinely walk and monitor the special event facilities to ensure no unauthorized persons enter the grounds, ensure all equipment and supplies are secure, and report any intruders to Law Enforcement and/or City Personnel. o A marked security guard vehicle may be required for overnight outdoor patrol services and during inclement weather.
o Estimated one to two Security Guards Coverage per event.

On-site Supervisor:
o An on-site supervisor will be required at all special events during the duration of the event. This supervisor will be the main communicator with City personnel and ensure guards are working in accordance with event guidelines.

2. DryTown Water Park: (3850-B East Avenue S, Palmdale, CA 93550)

o DryTown Days/Hours:
▪ Days and Hours vary based on park needs.
▪ Estimated one to two Security Guards Coverage in-season per day.

Agrmt No. A-8812-B
Exhibit A
▪ Facility patrols three to four days per week during the off-season and various dates within the operating calendar.
o In-Season Park Operations Support: (Open Memorial Day Weekend through Labor Day Weekend)
▪ AIS security guards shall provide perimeter, gate, and interior patrol of the Waterpark.
• Perimeter patrol shall ensure no unauthorized / un-ticketed persons enter the facility.
• Gate control shall ensure every patron entering has their bags and personal belongings screened for unauthorized items (vary per event) and may provide metal detection.
• Interior patrol shall ensure patrons follow park rules and procedures and provide immediate response to altercations that may arise, including removing patrons from the facility.
o Off-season and Overnight Patrol of the Facility: (After Labor Day through Memorial Day)
▪ AIS security guards shall routinely walk and monitor the facility to ensure no unauthorized persons enter or have entered the grounds, ensure all equipment and supplies are secure, and report any intruders or suspicious activity to law enforcement and/or city personnel.

3. Palmdale Playhouse: (38334 10th St E, Palmdale, CA 93550)

o Palmdale Playhouse Days/Hours:
▪ Varies based on select needs (not a regular/reoccurring location) ▪ Estimated one to two security guard coverage, to provide perimeter, inside building patrols and patron screening.
o Event Support:
▪ AIS security guards shall provide perimeter and building patrols of Playhouse.
▪ AIS security guards shall ensure no unauthorized/un-ticketed persons enter the facility.
▪ AIS security guards shall provide support to Playhouse Staff as needed.

4. SAVES (South Antelope Valley Emergency Services): (1002 E. Ave Q-12, Palmdale, CA 93550)

SAVES Days/Hours:
▪ Varies based on select needs (not a regular/reoccurring location) Operation Support:
▪ AIS security guards shall ensure the lines are kept orderly and keep the peace & order with the clients. (Ensure clients do not cut in line and ensure clients arrive during scheduled times, if applicable).
▪ AIS security guards shall provide support to SAVES Staff as needed.

Agrmt No. A-8812-B
Exhibit A

5. Palmdale City Library: (700 E. Palmdale Blvd, Palmdale, CA 93550)

Palmdale Library Days/Hours:
▪ Operating hours
Operation Support:
▪ AIS security guards shall routinely walk and monitor the facility to ensure no unauthorized persons enter or have entered the grounds, ensure all equipment and supplies are secure, and report any intruders or suspicious activity to law enforcement and/or city personnel.
▪ AIS security guards shall provide support to Palmdale City Library Staff as needed.

6. Joe Davis Heritage Airpark: (2001 E Avenue P, Palmdale, CA 93550)

Joe Davies Heritage Airpark Days/Hours:
▪ Operating hours
Operation Support:
▪ AIS security guards shall open and close/secure entrance gate and restrooms at designated/posted time.
▪ AIS security shall monitor traffic in and out of facility to ensure patrons are parking in designated parking areas and posted rules and regulations. ▪ AIS security guards shall routinely walk and monitor the facility to ensure no unauthorized persons enter or have entered the grounds, ensure all equipment and supplies are secure, and report any intruders or suspicious activity to law enforcement and/or city personnel.

PRICING (UNARMED SECURITY GUARD)
A-8812-A and B
Exhibit B
Absolute International Security Pricing
Additional Note:

City Council Staff Report
DATE: MAY 1, 2024
TO: HONORABLE MAYOR AND CITY COUNCIL
FROM: OPERATIONS DEPARTMENT

FINANCE DIVISION
DISTRICT: ALL
SUBJECT: RECEIVE AND FILE THE MONTHLY AND QUARTERLY
INVESTMENT ACTIVITY REPORTS FOR MARCH 2024

RECOMMENDATION
Staff recommends that the City Council receive and file the monthly and quarterly investment activity reports for the City of Palmdale and Successor Agency for March 2024.

BACKGROUND
Pursuant to Section 16 of the City and Successor Agency Investment Policy, the City Treasurer shall prepare and present monthly and quarterly reports on investments to the City Manager/Executive Director and the City Council/Directors. The reports shall detail the type of investment, issuer’s name, purchase date, date of maturity, amount of deposit, and interest rate. This information shall be provided for all City and Successor Agency pooled investments and for Certificates of Participation, Revenue Bonds, Tax Allocation Bonds, Assessment Districts, and Community Facilities District accounts, which are managed by outside Fiscal Agents.

The monthly investment reports provide a synopsis of the investment activity for the City and Successor Agency. The reports provide information on assets, allocations, average maturities, yields, and book valuations. The interest rates presented are the most current rates available as of the date of this report.

The market values presented for pooled City and Successor Agenc y investments are based on closing prices for the related investment as of the date of this report. This information was obtained from the Wall Street Journal, Bloomberg Financial Markets, Capital Market Finances, or other reliable sources of market prices.

Report to Mayor and City Council
Re: Monthly and Quarterly Investment Reports
May 1, 2024

Page 2 ends

DISCUSSION
Compliance with Investment Policy
For March, the City's invested portfolio totaled $322,952,824, an increase of $5,061,607 from the previous month and an increase of $23,469,771 compared to last year. The monthly increase resulted from a transfer of funds into California Asset Management Program (CAMP) during the month.

The par value of Successor Agency’s portfolio as of March was $10,764,463. The balance decreased by $1,138,225 from last month due to debt obligation payments made during the month.

All investments meet criteria appropriate to Section 8 of the Investment Policy. The portfolios are based on a combination of various investments, including CDs, Corporate Notes, U.S. Treasury Securities, and Government Agency Paper, each adhering to portfolio percentage limitations.

The Finance Division is the custodian for the City and Successor Agency’s investment portfolio and follows the three main principles of both entities’ investment policies: 1) Investment in financial instruments that mitigate the risk of monetary losses stemming from market fluctuations; 2) Establish and maintain a portfolio that has sufficient liquidity to allow the City and Successor Agency to meet all anticipated cash requirements; and, 3) Seek out investment instruments that provide a competitive market rate of return.

Liquidity
One core approach the Finance Division focuses on is providing liquidity to measure up to the City and Successor Agency’s operational requirements. Thus, the Finance Division invests in two pooled funds, Local Agency Investment Fund (LAIF) and CAMP.

These are intended for daily operational activities and used for economic uncertainties and maintenance needs. The pooled funds provide a higher liquidity ratio to ensure the City and Successor Agency meet cash flow requirements.

The City's total LAIF balance at the end of March was $120,013,401. No changes were reported from the prior month.

Successor Agency LAIF balance at the end of March was $6,283,347. No changes were reported from the prior month.

CAMP’s balance for the City at the end of March was $25,472,001 compared to the February balance of $20,372,951. The increase is due to a transfer of funds into CAMP, and interest earned during the month.

Report to Mayor and City Council
Re: Monthly and Quarterly Investment Reports
May 1, 2024

Page 3 ends

The interest rates presented are the most current rates available as of the date of this report. As of March 31, 2024, the interest rates for LAIF and CAMP investments were at 4.232 percent and 5.48 percent, respectively. By comparison, the LAIF and CAMP interest rates at the end of February were 4.122 percent and 5.50 percent. This time last year, LAIF and CAMP rates were at 2.831 percent and 4.80, respectively.

The chart above shows the LAIF and CAMP average monthly yields from June 2023 through March 2024. The difference between the two funds’ performance is primarily due to their varying pool characteristics. CAMP’s portfolio composition is more prone to market volatility, resulting in performance variations.

Diversity
The Finance Division aims to diversify the investment portfolios to avoid incurring unreasonable and avoidable risks regarding specific security types or individual financial institutions.

The City and Successor Agency’s investment portfolios remain strongly diversified.

The monthly and quarterly report includes all investments held by both entities and current book values as of March 31, 2024.

The City and Successor Agency is expected to have sufficient sums of money to meet their expenditure requirements for the next six months. The Finance Division will continue to monitor current economic conditions and the impact on interest rates.

Attached are summaries of the investments in the City and Successor Agency’s books as of March 31, 2024.

3.17% 3.30% 3.43% 3.53% 3.67% 3.84% 3.93% 4.01% 4.12% 4.23%

5.24% 5.31% 5.52% 5.55% 5.56% 5.58% 5.55% 5.54% 5.50% 5.48%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Q4 Jun Jul Aug Q1 Sep Oct Nov Q2 Dec Jan Feb Q3 Mar
Pooled Investments Monthly Yields

LAIF CAMP
Report to Mayor and City Council
Re: Monthly and Quarterly Investment Reports
May 1, 2024

Page 4 ends

FISCAL IMPACT
There is no fiscal impact associated with the recommended actions for this report.

STRATEGIC PLAN
Goal II: Ensure long-term fiscal health of the City and maintain funding for services.

B. Manage resources, costs, and liabilities to ensure the City’s long-term fiscal health.

C. Involve and expand engagement to enhance public oversight and transparency.

Prepared by: Gohar Avetisyan, Senior Financial Analyst
Certified as to availability of Funds: Janelle Samson, Director of Operations Approved by: Ronda Perez, City Manager
Approved as to form: William P. Curley, III, City Attorney

ATTACHMENTS
Rpt. Monthly and Quarterly Investment Reports March 2024

CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
MARCH 31, 2024

PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT
U.S. TREASURY SECURITIES Yield
05-31-19 04-30-24 CITY 9128286R6 U.S. Treasury Note 2.03 5,000,000.00 5,051,650.00 4,870,312.50 03-19-21 12-31-25 CITY 9128285T3 U.S. Treasury Note 2.63 3,000,000.00 3,260,634.36 2,856,570.00 05-11-21 02-28-26 CITY 9128286F2 U.S. Treasury Note 0.66 3,000,000.00 3,261,331.50 2,843,100.00 05-11-21 12-31-24 CITY 9128283P3 U.S. Treasury Note 0.40 3,000,000.00 3,200,040.56 2,872,020.00 07-12-21 12-31-25 CITY 9128285T3 U.S. Treasury Note 2.63 5,000,000.00 5,451,958.35 4,760,950.00 12-17-21 12-15-24 CITY 91282CDN8 U.S. Treasury Note 0.85 10,000,000.00 10,045,505.25 9,410,200.00 12-22-21 12-15-24 CITY 91282CDN8 U.S. Treasury Note 0.88 5,000,000.00 5,018,208.38 4,705,100.00 12-20-21 12-15-24 CITY 91282CDN8 U.S. Treasury Note 1.00 5,000,000.00 5,017,187.50 4,705,078.10 03-08-23 03-31-26 CITY 9128286L9 U.S. Treasury Note 2.25 3,200,000.00 3,029,330.80 3,010,496.00 01-03-24 12-31-26 CITY 912828YX2 U.S. Treasury Note 0.04 5,000,000.00 4,696,880.23 4,696,880.23 01-03-24 06-30-27 CITY 91282CEW7 U.S. Treasury Note 0.04 5,000,000.00 4,897,630.28 4,897,630.28 01-03-24 09-30-27 CITY 91282CFM8 U.S. Treasury Note 0.04 2,500,000.00 2,523,771.66 2,523,771.66 01-08-24 02-15-26 CITY 91282CGL9 U.S. Treasury Note 0.04 5,000,000.00 4,987,205.23 4,987,205.23 01-08-24 06-15-26 CITY 91282CHH7 U.S. Treasury Note 0.04 5,000,000.00 5,001,760.94 5,001,760.94 TOTAL U.S. TREASURY SECURITIES 64,700,000.00$ 65,443,095.04$ 62,141,074.94$

GOVERNMENT AGENCY PAPER
06-10-20 06-16-25 CITY 3133ELK37 Federal Farm Credit 0.78 5,000,000.00 5,000,000.00 4,604,401.25 08-07-20 05-06-24 CITY 3133EL2X1 Federal Farm Credit 0.42 2,000,000.00 2,000,000.00 1,914,808.08 08-27-20 11-27-24 CITY 3134GWNG7 Freddie Mac 0.50 2,000,000.00 2,000,000.00 1,867,580.54 04-01-21 04-01-25 CITY 3133EMUP5 Federal Farm Credit 0.71 5,000,000.00 5,000,000.00 4,629,334.75 05-11-21 09-04-25 CITY 3133EJYM5 Federal Farm Credit 0.59 1,000,000.00 1,103,275.25 963,220.00 05-11-21 09-04-25 CITY 3133EJYM5 Federal Farm Credit 0.57 2,000,000.00 2,208,460.00 1,926,440.00 06-04-21 11-07-25 CITY 3135G06G3 Fannie Mae 0.55 3,000,000.00 2,993,675.25 2,718,300.00 06-04-21 08-01-24 CITY 3130AMHH8 Federal Home Loan Note 0.41 4,000,000.00 4,000,000.00 3,784,890.08 06-07-21 06-07-24 CITY 3130AMQR6 Federal Home Loan Note 0.35 3,000,000.00 3,000,000.00 2,857,869.93 06-30-21 12-30-25 CITY 3130AMRQ7 Federal Home Loan Note 0.88 3,000,000.00 3,000,000.00 2,724,400.26 07-29-21 04-29-26 CITY 3130AN5C0 Federal Home Loan Note 1.05 4,000,000.00 4,010,455.13 3,606,160.00 12-17-21 11-12-25 CITY 3134GXBM5 Federal Home Loan Note 1.15 1,150,000.00 1,125,785.50 1,036,575.50 12-17-21 12-30-24 CITY 3130AQDY6 Federal Home Loan Note 1.00 6,750,000.00 6,750,000.00 6,327,843.39 12-17-21 06-23-25 CITY 3133ENHW3 Federal Farm Credit 1.17 10,000,000.00 10,000,000.00 9,275,883.70 12-20-21 07-30-25 CITY 3136G4ZP1 Fannie Mae 0.65 3,500,000.00 3,444,175.00 3,203,308.12 12-20-21 09-24-25 CITY 3134GWUG9 Freddie Mac 0.57 10,000,000.00 9,806,600.00 9,088,861.70 12-21-21 12-22-26 CITY 3133ENJC5 Federal Farm Credit 1.29 5,000,000.00 5,000,000.00 4,487,676.35 01-14-22 01-14-25 CITY 3130AQEA7 Federal Home Loan Note 1.05 7,000,000.00 7,000,000.00 6,561,152.22 06-29-22 08-12-25 CITY 3133EL3P7 Federal Farm Credit 3.34 1,810,000.00 1,660,349.20 1,650,002.84 06-29-22 03-28-25 CITY 3130A5DH9 Federal Home Loan Note 3.34 1,950,000.00 1,937,715.00 1,873,133.09 06-24-22 02-26-27 CITY 3130AL5A8 Federal Home Loan Note 3.33 5,000,000.00 4,479,000.00 4,355,784.25 08-17-22 10-27-26 CITY 3134GW4C7 Freddie Mac 0.80 5,000,000.00 4,539,500.00 4,429,309.65 01-06-23 02-25-27 CITY 3130AQRH8 Federal Home Loan Note 4.38 5,000,000.00 4,590,638.89 4,571,978.55 01-06-23 04-19-27 CITY 3130ARHJ3 Federal Home Loan Note 4.38 5,000,000.00 4,801,354.86 4,742,725.40 05-18-23 05-18-27 CITY 3133EPKC8 Federal Farm Credit 5.39 5,000,000.00 5,000,000.00 4,949,700.35 06-05-23 05-30-28 CITY 3133EPLE3 Federal Farm Credit 4.67 2,815,000.00 2,822,746.50 2,753,942.65 09-21-23 09-21-26 CITY 3130AXAP3 Federal Home Loan Note 5.75 4,750,000.00 4,746,437.50 4,747,196.18 TOTAL GOVERNMENT AGENCY PAPER 113,725,000.00$ 112,020,168.08$ 105,652,478.83$

CITY OF PALMDALE INVESTMENTS

CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
MARCH 31, 2024

PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT

CERTIFICATES OF DEPOSIT
01-04-24 06-15-26 CITY 05580A4Y7 BMW Bank of NA NA 4.03 240,000.00 243,434.40 243,434.40 01-04-24 11-30-27 CITY 46656MVH1 JPMorgan Chase Bank DE US RT 4.76 240,000.00 242,022.91 242,022.91 01-04-24 12-28-28 CITY 09582YAV4 Blue Ridge Bank NA VA US RT 4.09 240,000.00 240,948.00 240,948.00 TOTAL CERTIFICATES OF DEPOSIT 720,000.00$ 726,405.31$ 726,405.31$

CORPORATE NOTES
05-17-23 03-01-26 CITY 30231GAT9 Exxon Mobile Corporation 3.04 1,000,000.00 982,084.11 955,987.20 05-17-23 03-02-26 CITY 194162AQ6 Colgate-Palmolive CO GlobalL 4.80 1,000,000.00 1,035,553.33 1,003,302.97 05-17-23 01-26-26 CITY 742718FY0 Procter & Gamble CO/The Global 4.10 1,000,000.00 1,018,471.67 987,613.50 01-04-24 07-27-26 CITY 61761J3R8 Morgan Stanley 4.70 500,000.00 481,185.25 481,185.25 01-04-24 06-15-26 CITY 46625HRS1 JPMorgan Chase & CO 4.52 500,000.00 484,840.25 484,840.25 01-04-24 03-02-28 CITY 718172CE7 Philip Morris Intl Inc 4.49 500,000.00 474,395.25 474,395.25 01-04-24 04-01-27 CITY 808513BW4 Charles Schaw Corp 4.68 500,000.00 479,390.25 479,390.25 01-09-24 06-02-26 CITY 11271LAA0 Brookfield Fin Inc 5.13 500,000.00 490,115.25 490,115.25 01-09-24 11-28-28 CITY 05565QDH8 BP Capital Markets PLC 4.48 500,000.00 483,460.25 483,460.25 01-09-24 01-28-26 CITY 06406RAQ0 Bank OF NY Mellon Corp 4.52 500,000.00 463,355.25 463,355.25 01-09-24 07-09-27 CITY 22550L2K6 Crdit Suisse New York 4.92 500,000.00 500,910.25 500,910.25 01-09-24 08-15-28 CITY 797440CE2 San Diego G & E 4.49 500,000.00 509,340.25 509,340.25 01-09-24 07-01-27 CITY 75973QAA5 Reneissance Financial 5.01 500,000.00 475,470.25 475,470.25 01-09-24 01-27-26 CITY 780082AD5 Royal Bank of Canada 4.97 500,000.00 496,930.25 496,930.25 TOTAL CORPORATE BONDS $8,500,000 $8,375,502 8,286,296.42$

STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND
09-01-84 n/a CITY 98-19-620 0.78 54,243,161.38 54,243,161.38 54,243,161.38 06/23/08 n/a PCA 40-19-060 0.78 42,307,274.55 42,307,274.55 42,307,274.55 n/a ARPA 19-19-004 0.78 23,462,965.39 23,462,965.39 23,462,965.39 TOTAL LAIF ACCOUNTS 120,013,401.32$ 120,013,401.32$ 120,013,401.32$

CAMP- CALIFORNIA ASSET MANAGEMENT PROGRAM
6080-01 n/a CITY 6080-01 0.30 25,472,001.10 25,472,001.10 25,472,001.10 TOTAL CAMP ACCOUNTS 25,472,001.10$ 25,472,001.10$ 25,472,001.10$

UBS FINANCIAL SERVICES
n/a n/a CITY 0.00 661,165.97 661,165.97 661,165.97
TOTAL UBS FINANCIAL SERVICES ACCOUNTS 661,165.97$ 661,165.97$ 661,165.97$ TOTAL CITY INVESTMENTS 333,791,568.39$ 332,711,738.68$ 322,952,823.89$

STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND
11-20-84 n/a LIBRARY 16-19-012 0.78 13,024.31
TOTAL LIBRARY INVESTMENTS 13,024.31$

LIBRARY INVESTMENTS

CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
MARCH 31, 2024

PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT
SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1
Fiscal Agent: U.S. Bank National Association (fka First Trust) 05-10-95 n/a BOND 95421220 0.35 114.08
05-10-95 n/a IMPROVEMENT 95421222 0.10 165,807.01
TOTAL SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1 165,921.09$

BOND PROCEEDS
RITTER RANCH COMMUNITY FACILITIES DISTRICT 93-1
Fiscal Agent: U.S. Bank National Association (fka First Trust) 04-06-95 n/a RESERVE-SEN 95420880 n/a 0.00
04-06-95 n/a IMPV-ACQUI 95420884 0.01 2,766,726.07
04-06-95 n/a BOND 95420887 0.15 0.15
TOTAL RITTER RANCH COMMUNITY FACILITIES DISTRICT 93-1 2,766,726.22$

BOND PROCEEDS
ANAVERDE COMMUNITY FACILITIES DISTRICT 2003-1
Fiscal Agent: U.S. Bank National Association (fka First Trust) 08-01-19 n/a SP TAX - B BOND 242969000 0.00 1.39
08-01-19 n/a RESERVE 242969003 0.00 1,447,039.01
08-01-19 n/a SP TAX - REFUNDING BOND 242969004 0.01 15,150.71 TOTAL ANAVERDE COMMUNITY FACILITIES DISTRICT 2003-1 1,462,191.11$

BOND PROCEEDS
2005 $7.2M COMMUNITY FACILITIES DISTRICT 05-1 (TRADE AND COMMERCE CENTER) REFUNDED 2021 Fiscal Agent: U.S. Bank National Association (fka First Trust) n/a SPEC TRB SER A/B 251009000 0.01 15,977.52
n/a RESERVE FUND 251009001 0.01 641,538.21
TOTAL 2005 $7.2M COMMUNITY FACILITIES DISTRICT 05-1 (TRADE AND COMMERCE CENTER) REFUNDED 2021 657,515.73$

BOND PROCEEDS
2006-1 Godde Hill Estate Sewer Improvements LOIB
Fiscal Agent: U.S. Bank National Association (fka First Trust) 11-08-06 n/a REDEMPTION FUND 106844000 0.01 44,812.52
11-08-06 n/a ADM EXP 106844002 0.01 1,706.17
11-08-06 n/a RESERVE FUND 106844003 0.01 91,361.48
TOTAL 2006-1 Godde Hill Estate Sewer Improvements LOIB 137,880.17$

FISCAL AGENT CASH

CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
MARCH 31, 2024

PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT

BOND PROCEEDS
2012 PFA $8.7M LEASE REVENUE BONDS
Fiscal Agent: U.S. Bank National Association (fka First Trust) 12-19-12 n/a REVENUE FD 201546000 0.00 0.00
12-19-12 n/a INTEREST ACCOUNT 201546001 n/a 0.00
12-19-12 n/a PRINCIPAL ACCOUNT 201546002 n/a 0.00
TOTAL 2012 PFA $8.7M LEASE REVENUE BONDS -$
2013 HA PALMDALE TRANSIT VILLAGE HOMES LLC ESCROW
Fiscal Agent: U.S. Bank National Association (fka First Trust) 10-11-13 n/a ESCROW FUND 206455000 0.00 2,979,562.04
TOTAL 2013 HA TRANSIT VILLAGE HOMES ESCROW 2,979,512.65$ 2015 HA DEBT SERVICE RESERVE
Fiscal Agent: Bank of America
11-19-15 n/a DEBT SVC RESERVE 1257964992 0.08 40,057.03 TOTAL 2015 HA DEBT SERVICE RESERVE 40,057.03$

PARS RESTRICTED CASH FOR PENSION STABILIZATION TRUST FUND 05-23-18 n/a CITY 104790895775 Public Agency Retirement Services 2.60 9,527,596.58 TOTAL PARS PENSION TRUST FUND 9,527,596.58$

BOND PROCEEDS
2012 LEASE REVENUE REFUNDING ESCROW
Fiscal Agent: U.S. Bank National Association (fka First Trust) 11-30-23 n/a ESCROW REFUND 25992900 0.00
TOTAL 2012 LEASE REVENUE REFUNDING ESCROW 0.00

BOND PROCEEDS
2015 HA $4.3M MULTIFAMILY HOUSING REVENUE BONDS
Fiscal Agent: U.S. Bank National Association (fka First Trust) 09-03-15 n/a BOND FUND 277067000 0.00 147,594.39
09-03-15 n/a INTEREST ACCT 277067001 0.01 7.06
09-03-15 n/a BOND RESERVE 277067003 0.00 281,019.66
09-03-15 n/a REPAIR & REPLACE FUND 277067004 0.00 1,282,181.82 TOTAL 2015 HA $4.3M MULTIFAMILY HOUSING REVENUE BONDS 1,710,802.93$

BOND PROCEEDS
2017 PFA $17.4M LEASE REVENUE BONDS
Fiscal Agent: U.S. Bank National Association (fka First Trust) 04-05-17 n/a REVENUE FUND 271128000 0.00 3.01
04-05-17 n/a PRINCIPAL ACCT 271128002 n/a 0.00
TOTAL 2017 PFA $17.4M LEASE REVENUE BONDS 3.01$

CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
MARCH 31, 2024

PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT

BOND PROCEEDS
2023 A&B SERIES B ACQUISITION & CONSTRUCTION REVENUE BOND Fiscal Agent: U.S. Bank National Association (fka First Trust) 248041000 6.31
11-30-23 n/a INTEREST 248041001 2,571,010.11
12-01-23 n/a RESERVE 248041003 3,356,405.60
11-30-23 n/a REVENUE FUND 248041004 19,445,115.73
11-30-23 n/a COST OF ISSUANCE 248041005 0.00
11-30-23 n/a INTEREST 248041007 452,212.50
11-30-23 n/a REVENUE FUND 248041008 13,700,172.67
TOTAL 2023 A&B SERIES B ACQUISITION & CONSTRUCTION REV BOND 39,524,916.61$ GRAND TOTAL - FISCAL AGENT CASH 58,315,607.40$
Cash on Hand 8,160,184$
Pooled Cash Investments

City: 329,428,975$
Insur Fund: ($6,476,151) 322,952,824$
Library Investments $13,024

Subtotal 331,126,032$

City/AD/CFD/PCA/PFA/HA
Fiscal Agent Cash 58,315,607$

Grand total 389,441,639$

The interest rate quoted on LAIF, AIM, and Fiscal Agent/Trustee accounts is the most current rate available.

LAIF & AIM interest rates are as of March 31, 2024.

SUMMARY OF CASH AND INVESTMENTS

Page 1 of 1 ends

CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
MARCH 31, 2024

CITY OF PALMDALE

POOLED CASH - LOCAL AGENCY INVESTMENT FUND (LAIF), CALIFORNIA ASSET MANAGEMENT PROGRAM (CAMP), & UBS FINANCIAL SERVICES March 31, 2024

TRANSACTION INTEREST

DATE DEPOSIT WITHDRAWAL RECEIVED BALANCE
LAIF - CITY ACCOUNT 98-19-620
Beginning Balance 54,243,161.38$

Subtotal -$ -$ -$ 54,243,161.38$ LAIF - PCA ACCOUNT 40-19-060
Beginning Balance 42,307,274.55$
Subtotal -$ -$ -$ 42,307,274.55$ LAIF - LIBRARY ACCOUNT 16-19-012
Beginning Balance 13,024.31$
Subtotal -$ -$ -$ 13,024.31$ LAIF - ARPA ACCOUNT 19-19-004
Beginning Balance 23,462,965.39$
Subtotal -$ -$ -$ 23,462,965.39$ CAMP
Beginning Balance 20,372,950.83$
03-26-24 5,000,000.00$
03-28-24 99,050.27$
Subtotal 5,000,000.00$ -$ 99,050.27$ 25,472,001.10$ UBS Financial Services
Beginning Balance 698,608.88$
03-04-24 53,169.59$
03-28-24 (90,612.50)$
Subtotal -$ (90,612.50)$ 53,169.59$ 661,165.97$ Total 5,000,000.00$ (90,612.50)$ 152,219.86$ 146,159,592.70$

CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
MARCH 31, 2024
TN= US Treasury C = Call
FP= Federal Paper M = Maturity
CD= Certificate of Deposit CB= Corporate Bond
FACE

PURCHASE MATURITY VALUE INTEREST NET INVESTED GAIN/

ISSUER DATE DATE REDEEMED RECEIVED FUNDS AMOUNT (LOSS)
-$ -$ -$ -$ $0.00 Total Number of Transactions: 0

POOLED CASH - INVESTMENTS MATURED OR CALLED
March 31, 2024

CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
MARCH 31, 2024
TN = US Treasury
FP = Federal Paper
CD = Certificate of Deposit
CN = Corporate Notes ACCRUED
PURCHASE MATURITY FACE PREMIUM / PURCHASE INTEREST NET Yield

ISSUER DATE DATE VALUE (DISCOUNT) PRICE PURCHASED PURCHASE -$ -$ -$ -$ -$ Total Number of Transactions: 0

POOLED CASH - INVESTMENTS PURCHASED
March 31, 2024

SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
March 31, 2024

POOLED CASH - STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND (LAIF)

PURCHASE MATURITY ACCOUNT/ INTEREST INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT TOTAL
LAIF - SA ACCOUNT 65-19-035
09-01-84 n/a SA Account 65-19-035 0.78 6,283,347.00
6,283,347.00$

FISCAL AGENT CASH

BOND PROCEEDS
CRA - 2002 Sub Lien Tax Allocation Bonds $5.3M ($5,329,748.25) Fiscal Agent: U.S. Bank National Association
08-20-02 n/a Reserve Fund 94460700 2.54 532,042.84
08-20-02 n/a Interest Acct 94460701 0.04 18,036.19
08-20-02 n/a Principal Acct 94460702 0.04 129.11

TOTAL CRA - 2002 Sub Lien Tax Allocation Bonds $5.3M ($5,329,748.25) 550,208.14$

BOND PROCEEDS
2016 SA $31.5M Tax Allocation Refunding Bonds Series A
Fiscal Agent: U.S. Bank National Association (fka First Trust) 04-26-16 n/a Debt Service 245113000 0.00 1.41
04-26-16 n/a Interest Acc 245113001 N/A 0.00
TOTAL 2016 SA $31.5M Tax Allocation Refunding Bonds Series A 1.41$ GRAND TOTAL - FISCAL AGENT CASH $550,210

SUMMARY OF CASH AND INVESTMENTS
Cash on Hand 3,930,906$ 3,929,488.81$
$0
Pooled Cash Investments 6,283,347$ $1,417
3,930,905.67$
Successor Agency Fiscal Agent Cash 550,210$ *

Grand total 10,764,463$

* The interest rate quoted on LAIF and Fiscal Agent/Trustee accounts is the most current rate available.

LAIF interest rates are as of March 31, 2024.

S:\Cash and Investment\Investment\Investment Reports\23-24\09 Mar 2024\[09 MAR 2024 Successor Investment Report.xls]LAIF Transactions

SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS

POOLED CASH - STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND (LAIF) March 31, 2024

TRANSACTION INTEREST

DATE DEPOSIT WITHDRAWAL RECEIVED BALANCE
LAIF - SA ACCOUNT 65-19-035
Beginning Balance 6,283,347.00$
Subtotal -$ -$ -$ 6,283,347.00$

PORTFOLIO REVIEW AND ANALYSIS
City of Palmdale
Palmdale, CA
As of Date: 03/31/2024
Pricing as of: 03/28/2024
Date of Analysis: 04/05/2024
Account Executive: Bill Blackwill

Book Value
331,180
# Securities
61 Average Size (Book)
5,429
Yield at Book

1.39 Market Yield

3.05 $ Gain/Loss
-7,376
% Gain/Loss
-2.2%
Average Life

0.98 Average Life +300bps

1.00 % Price Change +100bps
-0.86
% Price Change +300bps
-2.58
Effective Duration

0.85 Effective Convexity
-0.02
AFS / HTM%
100% / 0%
Fixed / Floating
100% / 0%
ESG/Green Par (000's)
$500 / $500
Portfolio Overview
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 2 of 46 ends

Portfolio ID: 6748 - 58411

Historical Portfolio Overview
03/31/2024
12/31/2023
09/30/2023
06/30/2023
Book Value
331,180
285,946
313,945
331,875
Yield at Book

1.39 1.26

1.18 1.16
Yield at Book (+100)

1.39 1.26

1.18 1.16
Yield at Book (+300)

1.39 1.26

1.18 1.16
Yield at Book (-100)

1.39 1.26

1.18 1.16
WAL

0.98 0.99

1.03 1.11
WAL (+100)

1.00 0.99

1.03 1.12
WAL (+300)

1.00 0.99

1.03 1.12
WAL (-100)

0.92 0.94

1.03 1.05
% Price Change (+100)
-0.9%
-0.8%
-0.9%
-1.0%
% Price Change (+300)
-2.6%
-2.5%
-2.7%
-3.0%
% Price Change (-100)

0.8%

0.9%

1.0%
Effective Duration

0.85 0.81

0.90 1.02
Effective Convexity
-0.02
-0.02

0.00 -0.01
$ Gain/Loss
-7,376
-6,903
-10,108
-11,011
% Gain/Loss
-2.2%
-2.4%
-3.2%
-3.3%
$ Gain/Loss (+300)
-15,728
-13,826
-18,209
-20,696
Principal Cash Flow 2 yrs out
83%
83%
81%
77%
Principal Cash Flow 2 yrs out (+100)
82%
83%
81%
77%
Principal Cash Flow 2 yrs out (+300)
82%
83%
81%
77%
Principal Cash Flow 2 yrs out (-100)
85%
84%
81%
79%
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 3 of 46 ends

Portfolio ID: 6748 - 58411

Portfolio Sector Summary
Portfolio
Par
Book
Yield
Market
% Price Change
Gain/(Loss)
Effective
AFS
Sector
%
Value
Cpn
Maturity
Value
@Bk
Value
Yield
-100
+100
+300
$
%
WAL
Dur
Cvx
%
Treasury (14)

19.5%
64,700

2.31 1.6 yrs
64,700

2.31 62,855

4.87 1.5
-1.5
-4.3
-1,845
-2.9%

1.58 1.48

0.04 100 %
Agency Bullet (4)

2.7%
9,000

1.29 1.1 yrs
9,000

1.29 8,694

5.07 1.0
-1.0
-3.0
-306
-3.4%

1.07 1.02

0.02 100 %
Callable Agency (22)

31.0%
102,775

1.57 1.8 yrs
102,775

1.57 97,800

5.02 1.4
-1.5
-4.5
-4,975
-4.8%

1.72 1.42
-0.12
100 %
Treasury/Agency (40)

53.3%
176,475

1.83 1.7 yrs
176,475

1.83 169,349

4.97 1.4
-1.4
-4.4
-7,126
-4.0%

1.63 1.42
-0.05
100 %
Finance (9)

1.4%
4,500

3.49 2.7 yrs
4,500

3.49 4,326

5.16 2.5
-2.5
-7.1
-174
-3.9%

2.73 2.47

0.07 100 %
Industrial (4)

1.1%
3,500

3.86 2.2 yrs
3,500

3.86 3,425

4.78 2.0
-2.0
-5.8
-75
-2.1%

2.18 2.00

0.06 100 %
Utility (1)

0.2%
500

4.95 4.4 yrs
500

4.95 502

4.86 3.9
-3.8
-10.8
2 0.3%

4.38 3.83

0.18 100 %
Corporate (14)

2.6%
8,500

3.73 2.6 yrs
8,500

3.73 8,253

4.98 2.4
-2.3
-6.8
-247
-2.9%

2.60 2.36

0.07 100 %
NCD (3)

0.2%
720

4.62 3.2 yrs
720

4.62 717

4.77 2.2
-2.3
-7.3
-3
-0.4%

3.21 2.20
-0.19
100 %
CD (3)

0.2%
720

4.62 3.2 yrs
720

4.62 717

4.77 2.2
-2.3
-7.3
-3
-0.4%

3.21 2.20
-0.19
100 %
Cash & Other (4)

43.9%
145,485

0.70 0.1 yrs
145,485

0.70 145,485

0.70 0.1
-0.1
-0.2
0 0.0%

0.08 0.08

0.00 100 %
Other (4)

43.9%
145,485

0.70 0.1 yrs
145,485

0.70 145,485

0.70 0.1
-0.1
-0.2
0 0.0%

0.08 0.08

0.00 100 %
Total (61)
100.0%
331,180

1.39 1.0 yrs
331,180

1.39 323,804

3.05 0.8
-0.9
-2.6
-7,376
-2.2%

0.98 0.85
-0.02
100 %
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 4 of 46 ends

Portfolio ID: 6748 - 58411

Shocked Analysis
-300
-200
-100
Base
+100
+200
+300
Par Value
331,180
331,180
331,180
331,180
331,180
331,180
331,180
Book Value
331,180
331,180
331,180
331,180
331,180
331,180
331,180
Market Value
331,836
329,231
326,536
323,804
321,023
318,227
315,452
Gain/(Loss)
656
-1,950
-4,645
-7,376
-10,157
-12,954
-15,728
Gain/(Loss) %

0.2%
-0.6%
-1.4%
-2.2%
-3.1%
-3.9%
-4.8%
Gain/(Loss) % - Chg from Base

2.5%

1.7%

0.8%

0.0%
-0.9%
-1.7%
-2.6%
Book Price
100.00
100.00
100.00
100.00
100.00
100.00
100.00
Yield at Book

1.39 1.39

1.39 Market Price
100.20

99.41 98.60

97.77 96.93

96.09 95.25
Market Yield
-0.02

0.99 2.01

3.05 4.01

4.98 5.96
WAL

0.85 0.90

0.92 0.98

1.00 1.00

1.00 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 5 of 46 ends

Portfolio ID: 6748 - 58411

Price Risk & Market Value Change by Sector
AFS
HTM
% Change in Market Value from Level
Eff
% Change in Market Value from Level
Eff
Sector
-100
Mkt Value
+100
+200
+300
Dur
-100
Mkt Value
+100
+200
+300
Dur
Treasury/Agency

1.4%
169,349
-1.5%
-2.9%
-4.4%

1.4%
Corporate

2.4%
8,253
-2.3%
-4.6%
-6.8%

2.4%
CD

2.2%
717
-2.3%
-4.8%
-7.3%

2.2%
Other

0.1%
145,485
-0.1%
-0.2%
-0.3%

0.1%
Total

0.8%
323,804
-0.9%
-1.7%
-2.6%

0.8%
Scenario Market Val
326,536
323,804
321,023
318,227
315,452
Scenario Gain/Loss
-4,645
-7,376
-10,157
-12,954
-15,728
Total Portfolio (AFS + HTM):
% Change in Market Val from Level
-200 bps

1.7%
-100 bps

0.8%
Level Market Val
323,804
+100 bps
-0.9%
+200 bps
-1.7%
+300 bps
-2.6%
+400 bps
-3.4%
Effective Duration

0.85 Effective Convexity
-0.02
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 6 of 46 ends

Portfolio ID: 6748 - 58411

Peer Group Comparison
As of
Book
G/L
Yield
Average Life
% Price Change
Effective
UST
Fix
Fix
Flt
Agy
Sm
Prv
CD &
%
%
Peer
Date
Value
%
@Bk
Base
-100
+300
-100
+100
+300
Dur
Cvx
Agy
MBS
ARM
CMO
CMO
CMBS
Bus.

Label
Muni
Corp
Oth
Fixed
AFS
1 12/23
394,148
-1.7

3.26 1.9

1.6 1.9

1.3 -1.5
-4.6

1.4 -0.1
81%
0%
0%
0%
0%
0%
0%
0%
19%
0%
0%
100%
100%
2 01/24
252,213
-2.8

2.48 2.5

2.5 2.5

2.4 -2.3
-6.7

2.3 0.1
70%
0%
0%
0%
0%
0%
0%
0%
12%
8%
11%
100%
100%
3 02/24
235,133
-2.7

3.26 2.7

2.7 2.7

2.4 -2.4
-7.0

2.4 0.0
60%
0%
0%
0%
0%
0%
0%
0%
24%
3%
13%
100%
100%
4 02/24
230,432
-1.3

4.57 1.5

1.4 1.5

1.4 -1.3
-3.9

1.3 0.0
47%
0%
0%
0%
0%
0%
0%
0%
0%
0%
52%
100%
100%
5 01/24
206,000
-4.2

3.49 2.0

1.9 2.0

1.8 -1.8
-5.3

1.8 0.0
58%
0%
0%
0%
0%
0%
0%
0%
15%
20%
8%
100%
100%
6 02/24
181,952
-4.0

2.52 2.1

1.6 2.3

1.4 -1.6
-5.3

1.5 -0.2
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
97%
7 01/24
175,842
-4.6

1.90 1.8

1.8 1.8

1.6 -1.6
-4.9

1.6 0.0
86%
0%
0%
0%
0%
0%
0%
0%
1%
13%
0%
100%
100%
8 02/24
146,086
-2.6

4.28 3.1

2.9 3.7

2.4 -2.4
-7.5

2.4 -0.1
2%
11%
12%
11%
1%
10%
1%
0%
27%
25%
0%
80%
100%
9 03/24
121,943
-0.2

5.25 1.5

0.2 1.9

0.4 -0.9
-3.5

0.7 -0.3
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
100%
10 02/24
544,030
-3.0

2.17 1.5

1.5 1.5

1.5 -1.4
-4.1

1.4 0.0
43%
0%
0%
0%
0%
0%
0%
0%
53%
0%
4%
100%
100%
11 12/23
548,133
-3.1

2.00 1.2

1.1 1.3

1.1 -1.1
-3.3

1.1 0.0
65%
0%
0%
0%
0%
0%
0%
0%
5%
28%
3%
96%
100%
12 12/23
110,683
-1.6

3.28 1.8

1.8 1.9

1.8 -1.7
-5.0

1.7 0.0
80%
0%
0%
0%
0%
0%
0%
0%
3%
7%
10%
100%
100%
13 12/23
110,683
-1.5

3.33 1.8

1.8 1.9

1.7 -1.7
-5.0

1.7 0.1
80%
0%
0%
0%
0%
0%
0%
0%
3%
7%
10%
100%
100%
14 12/23
103,028
-3.0

3.32 2.7

2.4 2.8

2.0 -2.1
-6.5

2.1 -0.1
76%
0%
0%
0%
0%
1%
0%
1%
0%
10%
11%
99%
100%
15 01/24
91,316
-3.4

2.35 2.0

1.7 2.0

1.6 -1.7
-5.1

1.6 -0.1
71%
0%
0%
0%
0%
0%
0%
0%
2%
0%
27%
100%
100%
16 12/23
62,546
-2.2

3.07 2.9

2.9 2.9

2.7 -2.6
-7.5

2.6 0.1
72%
0%
0%
0%
0%
0%
0%
0%
3%
11%
14%
100%
100%
17 03/24
60,211
-0.8

4.87 2.3

1.1 2.7

1.1 -1.4
-5.1

1.2 -0.4
60%
0%
0%
0%
0%
5%
0%
0%
0%
0%
35%
100%
100%
18 03/24
609,685
-3.2

2.58 2.4

2.2 2.5

2.0 -2.1
-6.3

2.0 0.0
60%
0%
0%
0%
0%
0%
0%
0%
40%
0%
0%
100%
100%
19 03/24
52,019
-4.6

2.64 2.2

2.0 2.2

1.8 -1.9
-5.6

1.8 -0.1
99%
0%
0%
0%
0%
0%
0%
0%
0%
0%
1%
100%
100%
20 12/23
40,613
-2.1

2.15 1.6

1.3 1.7

1.1 -1.2
-3.7

1.1 -0.1
53%
0%
0%
0%
0%
1%
0%
0%
1%
1%
44%
100%
100%
21 03/24
38,657

0.9 5.31

3.8 3.8

3.9 3.4
-3.3
-9.5

3.3 0.2
0%
0%
0%
0%
0%
77%
0%
0%
2%
0%
21%
100%
100%
22 01/24
37,962
-1.9

3.68 2.1

1.8 2.1

1.6 -1.7
-5.1

1.6 -0.1
25%
0%
0%
0%
0%
0%
0%
0%
0%
0%
75%
100%
100%
23 03/24
37,196
-1.3

3.21 1.3

1.2 1.3

1.2 -1.2
-3.4

1.2 0.0
22%
0%
0%
0%
0%
0%
0%
0%
35%
2%
41%
100%
100%
24 03/24
35,570
-6.9

1.27 2.1

2.1 2.1

2.0 -1.9
-5.7

2.0 0.0
98%
0%
0%
0%
0%
0%
0%
0%
0%
0%
2%
100%
100%
25 12/23
26,691
-5.6

2.01 2.5

2.4 2.6

2.1 -2.2
-6.6

2.1 0.0
60%
0%
0%
0%
0%
3%
0%
0%
0%
0%
37%
100%
100%
Avg
178,111
-2.7

3.13 2.1

1.9 2.2

1.8 -1.8
-5.4

1.8 0.0
63%
0%
0%
0%
0%
4%
0%
0%
10%
5%
17%
99%
100%
Port
331,180
-2.2

1.39 1.0

0.9 1.0

0.8 -0.9
-2.6

0.8 0.0
53%
0%
0%
0%
0%
0%
0%
0%
0%
3%
44%
100%
100%
Diff
153,070

0.5 -1.74
-1.1
-1.0
-1.2
-0.9

0.9 2.9
-0.9

0.0 -9%
0%
0%
0%
0%
-4%
0%
0%
-10%
-3%
27%
1%
0%
* Peer group includes Public Entitys that have received portfolio analysis from Stifel in the last three months with the closest portfolio book values.

City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 7 of 46 ends

Portfolio ID: 6748 - 58411

Summary Peer Comparison
Yield and Average Life Peer Comparison
Price Risk Peer Comparison
Each box contains the range of your peer group, the top and bottom of the boxes being the max and min. The gray box is the avg. of your peers within the range and the blue dot represents your position.

City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 8 of 46 ends

Portfolio ID: 6748 - 58411

Cash Flow and Rolloff Yield - Next 12 Months
Yield Rolloff
Month
Begin BY
Principal CF
Rolloff Yld
Ending BY
Apr 2024

1.39 150,485

0.75 1.92
May 2024

1.92 2,000

0.42 1.93
Jun 2024

1.93 3,000

0.35 1.96
Jul 2024

1.96 0

1.96 Aug 2024

1.96 4,000

0.41 2.00
Sep 2024

2.00 0

2.00 Oct 2024

2.00 0

2.00 Nov 2024

2.00 2,000

0.50 2.01
Dec 2024

2.01 29,750

1.13 2.20
Jan 2025

2.20 7,000

1.05 2.26
Feb 2025

2.26 4,750

5.75 2.13
Mar 2025

2.13 0

2.13 Shocked Principal and Interest Cash Flow Analysis
Year
-300
-200
-100
Base
+100
+200
+300
Apr 2024
165,644
160,644
160,644
150,778
150,778
150,778
150,778
May 2024
2,096
2,096
2,096
2,231
2,231
2,231
2,231
Jun 2024
3,666
3,666
3,666
3,666
3,666
3,666
3,666
Jul 2024
111
111
111
111
111
111
111
Aug 2024
4,234
4,234
4,234
4,234
4,234
4,234
4,234
Sep 2024
208
208
208
345
345
345
345
Oct 2024
67 146
146
146
146
146
146
Nov 2024
2,335
2,335
2,335
2,229
2,229
2,229
2,229
Dec 2024
30,404
30,404
30,404
30,404
30,404
30,404
30,404
Jan 2025
7,111
7,111
7,111
7,111
7,111
7,111
7,111
Feb 2025
228
228
228
5,091
228
228
228
Mar 2025
208
208
208
208
208
208
208
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 9 of 46 ends

Portfolio ID: 6748 - 58411

Cash Flow and Rolloff Yield - Next 10 Years
Yield Rolloff
Year
Begin BY
Principal CF
Rolloff Yld
Ending BY
2024

1.39 191,235

0.79 2.20
2025

2.20 65,210

1.50 2.82
2026

2.82 40,940

2.44 3.28
2027

3.28 29,480

3.12 4.41
2028

4.41 4,315

4.41 2029
2030
2031
2032
2033
Shocked Principal and Interest Cash Flow Analysis
Year
-300
-200
-100
Base
+100
+200
+300
2024
208,766
203,845
203,845
194,145
194,145
194,145
194,145
2025
66,476
65,627
62,857
68,001
63,411
63,411
63,411
2026
41,057
42,237
42,372
42,653
47,676
47,676
47,676
2027
19,610
24,695
24,827
30,213
30,213
30,213
30,213
2028
1,543
1,549
4,432
4,432
4,432
4,432
4,432
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 10 of 46 ends

Portfolio ID: 6748 - 58411

Sector Cash Flow - Next 12 Months
Apr 24
May 24
Jun 24
Jul 24
Aug 24
Sep 24
Oct 24
Nov 24
Dec 24
Jan 25
Feb 25
Mar 25
Bk Yld Chg
Treasury/Agency
Cash Flow
5,194
2,216
3,637
48 4,222
298
138
2,214
30,375
7,048
5,078
161
End BY

1.82 1.83

1.86 1.86

1.89 1.89

1.89 1.91

2.09 2.15

2.01 2.01

0.19 Corporate
Cash Flow
8 9
19 63
12 47
8 9
19 63
12 47
End BY

3.73 3.73

0.00 CD
Cash Flow
0 6
11 0
0 0
0 6
11 0
0 0
End BY

4.62 4.62

0.00 Other
Cash Flow
145,575
End BY
Total
Cash Flow
150,778
2,231
3,666
111
4,234
345
146
2,229
30,404
7,111
5,091
208
End BY

1.92 1.93

1.96 1.96

2.00 2.00

2.00 2.01

2.20 2.26

2.13 2.13

0.22 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 11 of 46 ends

Portfolio ID: 6748 - 58411

Sector Cash Flow - Next 3 Years
2Q24
3Q24
4Q24
1Q25
2Q25
3Q25
4Q25
1Q26
2Q26
3Q26
4Q26
1Q27
Bk Yld Chg
Treasury/Agency
Cash Flow
11,047
4,568
32,727
12,288
20,805
18,697
15,861
11,498
9,580
124
15,458
10,124
End BY

1.86 1.89

2.09 2.01

2.22 2.50

2.68 2.60

2.56 2.56

3.20 4.06

2.20 Corporate
Cash Flow
36 122
36 122
36 122
36 4,122
1,036
549
18 41
End BY

3.73 3.73

3.73 3.79

3.81 3.92

3.92 3.92

0.20 CD
Cash Flow
17 0
17 0
17 0
17 0
257
0 11
0 End BY

4.62 4.62

4.60 4.60

4.60 4.60
-0.02
Other
Cash Flow
145,575
End BY
Total
Cash Flow
156,675
4,690
32,780
12,410
20,858
18,819
15,914
15,620
10,873
673
15,486
10,165
End BY

1.96 2.00

2.20 2.13

2.35 2.63

2.82 2.71

2.67 2.67

3.28 4.05

2.09 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 12 of 46 ends

Portfolio ID: 6748 - 58411

Gap Analysis - Potential Income Impact of Principal Reinvestment Assumed
Estimated
Income
Resulting
Reinvestment
Annualized
Difference from
Yield
Yield
Income
Current Book
at Book

0.25 507
-1,344

0.98 0.50
1,015
-836

1.13 0.75
1,522
-329

1.29 1.00
2,030
179

1.44 1.25
2,537
686

1.59 1.50
3,045
1,194

1.75 1.75
3,552
1,701

1.90 2.00
4,060
2,209

2.05 2.25
4,567
2,716

2.21 2.50
5,075
3,224

2.36 2.75
5,582
3,731

2.51 3.00
6,090
4,239

2.67 3.25
6,597
4,746

2.82 3.50
7,104
5,253

2.97 3.75
7,612
5,761

3.12 4.00
8,119
6,268

3.28 4.25
8,627
6,776

3.43 4.50
9,134
7,283

3.58 4.75
9,642
7,791

3.74 5.00
10,149
8,298

3.89 5.25
10,657
8,806

4.04 5.50
11,164
9,313

4.20 5.75
11,672
9,821

4.35 6.00
12,179
10,328

4.50 6.25
12,687
10,836

4.66 6.50
13,194
11,343

4.81 6.75
13,702
11,851

4.96 7.00
14,209
12,358

5.12 7.25
14,716
12,865

5.27 7.50
15,224
13,373

5.42 7.75
15,731
13,880

5.58 8.00
16,239
14,388

5.73 Principal Maturing(12 Mo.Horizon): $202,985
Current Yield at Book of Principal Maturing: 0.91%
Est. Annual Income at Current Yield at Book: $1,851
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 13 of 46 ends

Portfolio ID: 6748 - 58411

Shocked Cash Flows By Sector - Next 10 Years
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 14 of 46 ends

Portfolio ID: 6748 - 58411

Cash Flows By Sector - Next 30 Years
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 15 of 46 ends

Portfolio ID: 6748 - 58411

Cash Flow Projection By Month - Next 5 Years
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 16 of 46 ends

Portfolio ID: 6748 - 58411

Agency - Summary
G/L $
G/L %
WAL
% Px
Δ
Dur
Cvx
Sector
Par
Maturity
Bk Price
Yield
Mkt Price
Mkt
Base
Base
Base
-100
Base
Base
Subsector
%
Value
Cpn
Next Call
Bk Value
@Bk
Mkt Value
Yield
+ 300
+ 300
+ 300
+300
AFS %

1.6 yrs
100.00

97.15 -1,845
-2.9%

1.58 1.5

1.48 0.04
Treasury (14)

36.7%
64,700

2.31 64,700

2.31 62,855

4.87 -4,537
-7.0%

1.58 -4.3
100.0%

1.1 yrs
100.00

96.60 -306
-3.4%

1.07 1.0

1.02 0.02
Agency Bullet (4)

5.1%
9,000

1.29 9,000

1.29 8,694

5.07 -564
-6.3%

1.07 -3.0
100.0%

1.8 yrs
100.00

95.16 -4,975
-4.8%

1.72 1.4

1.42 -0.12
Callable Agency (22)

58.2%
102,775

1.57 0.1 yrs
102,775

1.57 97,800

5.02 -9,402
-9.1%

1.79 -4.5
100.0%

1.7 yrs
100.00

95.96 -7,126
-4.0%

1.63 1.4

1.42 -0.05
Total (40)
100.0%
176,475

1.83 0.1 yrs
176,475

1.83 169,349

4.97 -14,503
-8.2%

1.68 -4.4
100.0%
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 17 of 46 ends

Portfolio ID: 6748 - 58411

Agency - Sector Cash Flow and Yield Rolloff - Next 3 Years 2Q24
3Q24
4Q24
1Q25
2Q25
3Q25
4Q25
1Q26
2Q26
3Q26
4Q26
1Q27
Bk Yld Chg
Cash Flow
11,047
4,568
32,727
12,288
20,805
18,697
15,861
11,498
9,580
124
15,458
10,124
End BY

1.86 1.89

2.09 2.01

2.22 2.50

2.68 2.60

2.56 2.56

3.20 4.06

2.20 Cash Flow
11,047
4,568
32,727
12,288
20,805
18,697
15,861
11,498
9,580
124
15,458
10,124
End BY

1.86 1.89

2.09 2.01

2.22 2.50

2.68 2.60

2.56 2.56

3.20 4.06

2.20 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 18 of 46 ends

Portfolio ID: 6748 - 58411

Shocked Agency Projected Call Schedule
Callable Agency Rate Shock Analysis
–
Projected Par Value Redeemed at NEXT Call Date
–
Monthly
-100
-75
-50
-25
0 25
50 75
100
Mar 24
-
-
-
-
-
-
-
-
-
Apr 24
9,750
9,750
4,750
4,750
4,750
-
-
-
-
May 24
-
-
-
-
-
-
-
-
-
Jun 24
-
-
-
-
-
-
-
-
-
Jul 24
-
-
-
-
-
-
-
-
-
Aug 24
-
-
-
-
-
-
-
-
-
Sep 24
-
-
-
-
-
-
-
-
-
Oct 24
-
-
-
-
-
-
-
-
-
Nov 24
-
-
-
-
-
-
-
-
-
Dec 24
-
-
-
-
-
-
-
-
-
Jan 25
-
-
-
-
-
-
-
-
-
Feb 25
-
-
-
-
-
-
-
-
-
Callable Agency Rate Shock Analysis
–
Projected Par Value Redeemed at NEXT Call Date
–
Quarterly
-100
-75
-50
-25
0 25
50 75
100
1Q24
-
-
-
-
-
-
-
-
-
2Q24
9,750
9,750
4,750
4,750
4,750
-
-
-
-
3Q24
-
-
-
-
-
-
-
-
-
4Q24
-
-
-
-
-
-
-
-
-
1Q25
-
-
-
-
-
-
-
-
-
2Q25
-
-
-
-
-
-
-
-
-
3Q25
-
-
-
-
-
-
-
-
-
4Q25
-
-
-
-
-
-
-
-
-
1Q26
-
-
-
-
-
-
-
-
-
2Q26
-
-
-
-
-
-
-
-
-
3Q26
-
-
-
-
-
-
-
-
-
4Q26
-
-
-
-
-
-
-
-
-
1Q27
-
-
-
-
-
-
-
-
-
2Q27
-
-
-
-
-
-
-
-
-
3Q27
-
-
-
-
-
-
-
-
-
4Q27
-
-
-
-
-
-
-
-
-
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 19 of 46 ends

Portfolio ID: 6748 - 58411

Agency Projected Call Report - CUSIP Level
Sec
Cpn
Par
Next
Call
Mkt
Gain/
Projected Shocked Call Dates
No.

CUSIP
Issuer
Cpn
Type
Maturity
Value
Call
Type
Price
Loss
-300
-200
-100
Base
+100
+200
+300
17 3133EPKC8
FFCB

5.39 Fixed
05/18/27
5,000
04/12/24
Anytime

99.561
-22
04/24
04/24
04/24
05/27
05/27
05/27
05/27
8 3130AXAP3
FHLB

5.75 Fixed
09/21/26
4,750
04/12/24
Anytime
100.001
0 04/24
04/24
04/24
02/25
09/26
09/26
09/26
6 3133EL2X1
FFCB

0.42 Fixed
05/06/24
2,000
04/12/24
Anytime

99.528
-9
05/24
05/24
05/24
05/24
05/24
05/24
05/24
9 3130AMHH8
FHLB

0.41 Fixed
08/01/24
4,000
06/01/24
Quarterly

98.377
-65
08/24
08/24
08/24
08/24
08/24
08/24
08/24
10 3134GWNG7
FHLMC

0.50 Fixed
11/27/24
2,000
05/27/24
Quarterly

96.949
-61
11/24
11/24
11/24
11/24
11/24
11/24
11/24
15 3130AQDY6
FHLB

1.00 Fixed
12/30/24
6,750
04/12/24
Anytime

96.936
-207
12/24
12/24
12/24
12/24
12/24
12/24
12/24
16 3130AQEA7
FHLB

1.05 Fixed
01/14/25
7,000
04/14/24
Quarterly

96.803
-224
01/25
01/25
01/25
01/25
01/25
01/25
01/25
18 3133EMUP5
FFCB

0.71 Fixed
04/01/25
5,000
04/12/24
Anytime

95.738
-213
04/25
04/25
04/25
04/25
04/25
04/25
04/25
19 3133ELK37
FFCB

0.78 Fixed
06/16/25
5,000
04/12/24
Anytime

95.068
-247
06/25
06/25
06/25
06/25
06/25
06/25
06/25
21 3133ENHW3
FFCB

1.17 Fixed
06/23/25
10,000
04/12/24
Anytime

95.471
-453
06/25
06/25
06/25
06/25
06/25
06/25
06/25
22 3136G4ZP1
FNMA

0.65 Fixed
07/30/25
3,500
04/30/24
Quarterly

94.496
-193
07/25
07/25
07/25
07/25
07/25
07/25
07/25
23 3133EL3P7
FFCB

0.53 Fixed
08/12/25
1,810
04/12/24
Anytime

94.203
-105
08/25
08/25
08/25
08/25
08/25
08/25
08/25
26 3134GWUG9
FHLMC

0.57 Fixed
09/24/25
10,000
06/24/24
Quarterly

93.837
-616
09/25
09/25
09/25
09/25
09/25
09/25
09/25
28 3134GXBM5
FHLMC

0.60 Fixed
11/12/25
1,150
05/12/24
Quarterly

93.359
-76
11/25
11/25
11/25
11/25
11/25
11/25
11/25
31 3130AMRQ7
FHLB

0.88 Fixed
12/30/25
3,000
06/30/24
Quarterly

93.376
-199
12/25
12/25
12/25
12/25
12/25
12/25
12/25
41 3130AN5C0
FHLB

1.05 Fixed
04/29/26
4,000
04/29/24
Quarterly

92.744
-290
04/26
04/26
04/26
04/26
04/26
04/26
04/26
48 3134GW4C7
FHLMC

0.80 Fixed
10/27/26
5,000
04/27/24
Quarterly

90.764
-462
10/26
10/26
10/26
10/26
10/26
10/26
10/26
49 3133ENJC5
FFCB

1.29 Fixed
12/22/26
5,000
04/12/24
Anytime

91.579
-421
12/26
12/26
12/26
12/26
12/26
12/26
12/26
51 3130AQRH8
FHLB

2.00 Fixed
02/25/27
5,000
05/25/24
Quarterly

93.041
-348
02/27
02/27
02/27
02/27
02/27
02/27
02/27
53 3130AL5A8
FHLB

0.90 Fixed
02/26/27
5,000
05/26/24
Quarterly

90.120
-494
02/27
02/27
02/27
02/27
02/27
02/27
02/27
47 3130ARHJ3
FHLB

3.18 Fixed
04/19/27
5,000
04/19/24
Monthly

95.701
-215
04/24
04/27
04/27
04/27
04/27
04/27
04/27
46 3133EPLE3
FFCB

4.67 Fixed
05/30/28
2,815
05/30/25
Anytime

98.040
-55
07/25
07/25
05/28
05/28
05/28
05/28
05/28
Shocked Agency Projected Call Schedule - Next 12 Months -300
-200
-100
Base
+100
+200
+300
Mar 24
-
-
-
-
-
-
-
Apr 24
14,750
9,750
9,750
-
-
-
-
May 24
2,000
2,000
2,000
2,000
2,000
2,000
2,000
Jun 24
-
-
-
-
-
-
-
Jul 24
-
-
-
-
-
-
-
Aug 24
4,000
4,000
4,000
4,000
4,000
4,000
4,000
Sep 24
-
-
-
-
-
-
-
Oct 24
-
-
-
-
-
-
-
Nov 24
2,000
2,000
2,000
2,000
2,000
2,000
2,000
Dec 24
6,750
6,750
6,750
6,750
6,750
6,750
6,750
Jan 25
7,000
7,000
7,000
7,000
7,000
7,000
7,000
Feb 25
-
-
-
4,750
-
-
-
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 20 of 46 ends

Portfolio ID: 6748 - 58411

Agency Projected Call Report - CUSIP Level
Sec
Cpn
Par
Next
Call
Mkt
Gain/
Projected Shocked Call Dates
No.

CUSIP
Issuer
Cpn
Type
Maturity
Value
Call
Type
Price
Loss
-300
-200
-100
Base
+100
+200
+300

1.57 102,775

95.160
-4,975
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 21 of 46 ends

Portfolio ID: 6748 - 58411

Agency - Risk/Reward Analysis
Top 5 Market Yields
Security
Mkt
Mkt
Eff.
% Px
Δ
CUSIP
Description
Subsector
Value
Yld
Dur
Up 300
3130AXAP3
FHLB 5 3/4 09/21/26
Callable Agency
4,750

5.75%

0.32 -3.8
3133EPKC8
FFCB 5.39 05/18/27
Callable Agency
4,978

5.54%

0.89 -5.6
9128286R6
T 2 1/4 04/30/24
Treasury
4,987

5.42%

0.08 -0.3
3130AMQR6
FHLB 0.35 06/07/24
Agency Bullet
2,972

5.37%

0.19 -0.6
3130AMHH8
FHLB 0.41 08/01/24
Callable Agency
3,935

5.35%

0.34 -1.0
Bottom 5 Market Yields
Security
Mkt
Mkt
Eff.
% Px
Δ
CUSIP
Description
Subsector
Value
Yld
Dur
Up 300
91282CFM8
T 4 1/8 09/30/27
Treasury
2,480

4.37%

3.21 -9.0
91282CEW7
T 3 1/4 06/30/27
Treasury
4,829

4.39%

3.00 -8.5
912828YX2
T 1 3/4 12/31/26
Treasury
4,653

4.46%

2.61 -7.5
3130AL5A8
FHLB 0.9 02/26/27
Callable Agency
4,506

4.57%

2.78 -7.9
91282CHH7
T 4 1/8 06/15/26
Treasury
4,952

4.58%

2.05 -5.9
Top 5 Price Volatility (% price change +300)
Security
Mkt
Mkt
Eff.
% Px
Δ
CUSIP
Description
Subsector
Value
Yld
Dur
Up 300
91282CFM8
T 4 1/8 09/30/27
Treasury
2,480

4.37%

3.21 -9.0
3133EPLE3
FFCB 4.67 05/30/28
Callable Agency
2,760

5.20%

2.20 -8.7
91282CEW7
T 3 1/4 06/30/27
Treasury
4,829

4.39%

3.00 -8.5
3130AL5A8
FHLB 0.9 02/26/27
Callable Agency
4,506

4.57%

2.78 -7.9
3130AQRH8
FHLB 2 02/25/27
Callable Agency
4,652

4.59%

2.66 -7.8
Next 5 Projected Redemptions
Security
Mkt
Mkt
Eff.

CUSIP
Description
Subsector
Value
Yld
Dur
Mat/Call
9128286R6
T 2 1/4 04/30/24
Treasury
4,987

5.42%

0.08 04/01/24
3133EL2X1
FFCB 0.42 05/06/24
Callable Agency
1,991

5.20%

0.10 05/01/24
3130AMQR6
FHLB 0.35 06/07/24
Agency Bullet
2,972

5.37%

0.19 06/01/24
3130AMHH8
FHLB 0.41 08/01/24
Callable Agency
3,935

5.35%

0.34 08/01/24
3134GWNG
7 FHLMC 0 1/2 11/27/24
Callable Agency
1,939

5.28%

0.65 11/01/24
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 22 of 46 ends

Portfolio ID: 6748 - 58411

Corporate - Summary
G/L $
G/L %
WAL
% Px
Δ
Dur
Cvx
Sector
Par
Moody's
Bk Price
Yield
Mkt Price
Mkt
Base
Base
Base
-100
Base
Base
Subsector
%
Value
Cpn
Maturity
S&P
Bk Value
@Bk
Mkt Value
Yield
+ 300
+ 300
+ 300
+300
AFS %
A2
100.00

96.12 -174
-3.9%

2.73 2.5

2.47 0.07
Finance (9)

52.9%
4,500

3.49 2.7 yrs
A
4,500

3.49 4,326

5.16 -484
-10.7%

2.73 -7.1
100.0%
Aa2
100.00

97.87 -75
-2.1%

2.18 2.0

2.00 0.06
Industrial (4)

41.2%
3,500

3.86 2.2 yrs
AA-
3,500

3.86 3,425

4.78 -273
-7.8%

2.18 -5.8
100.0%
A1
100.00
100.34
2 0.3%

4.38 3.9

3.83 0.18
Utility (1)

5.9%
500

4.95 4.4 yrs
A
500

4.95 502

4.86 -52
-10.5%

4.38 -10.8
100.0%
A1
100.00

97.09 -247
-2.9%

2.60 2.4

2.36 0.07
Total (14)
100.0%
8,500

3.73 2.6 yrs
A+
8,500

3.73 8,253

4.98 -809
-9.5%

2.60 -6.8
100.0%
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 23 of 46 ends

Portfolio ID: 6748 - 58411

Corporate - Rating Summary
Combined Rating Summary
Maturity Summary
Combined Rating
% Balance
Par Value
Yield at Book
Eff. Duration
Maturity Range
% Balance
Par Value
Yield at Book
Combined
Rating
AAA
-
-
-
-
< 1 Yr
-
-
-
-
AA

35.3%
3,000

3.98 1.76

1.00 Yr - 2.99 Yr

64.7%
5,500

3.62 AA-
A

64.7%
5,500

3.59 2.69

3.00 Yr - 4.99 Yr

35.3%
3,000

3.92 A+
BBB
-
-
-
-

5.00 Yr - 6.99 Yr
-
-
-
-
BB
-
-
-
-

7.00 Yr - 9.99 Yr
-
-
-
-
B or Below
-
-
-
-
10 Yr +
-
-
-
-
NR
-
-
-
-
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 24 of 46 ends

Portfolio ID: 6748 - 58411

CD - Summary
G/L $
G/L %
WAL
Px Chg
Dur
Cvx
Sector
Par
Maturity
Bk Price
Yield
Mkt Price
Mkt
Base
Base
Base
-100
Base
Base
Subsector
%
Value
Cpn
Next Call
Bk Value
@Bk
Mkt Value
Yield
+ 300
+ 300
+ 300
+300
AFS %

3.2 yrs
100.00

99.56 -3
-0.4%

3.21 2.2

2.20 -0.19
NCD (3)
100.0%
720

4.62 0.7 yrs
720

4.62 717

4.77 -56
-7.7%

3.21 -7.3
100.0%

3.2 yrs
100.00

99.56 -3
-0.4%

3.21 2.2

2.20 -0.19
Total (3)
100.0%
720

4.62 0.7 yrs
720

4.62 717

4.77 -56
-7.7%

3.21 -7.3
100.0%
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 25 of 46 ends

Portfolio ID: 6748 - 58411

Other - Summary
G/L $
G/L %
WAL
Px Chg
Dur
Cvx
Sector
Par
Maturity
Bk Price
Yield
Mkt Price
Mkt
Base
Base
Base
-100
Base
Base
Subsector
%
Value
Cpn
Next Call
Bk Value
@Bk
Mkt Value
Yield
+ 300
+ 300
+ 300
+300
AFS %

0.1 yrs
100.00
100.00
0 0.0%

0.08 0.1

0.08 0.00
Cash & Other (4)
100.0%
145,485

0.70 145,485

0.70 -361
-0.2%

0.08 -0.2
100.0%

0.1 yrs
100.00
100.00
0 0.0%

0.08 0.1

0.08 0.00
Total (4)
100.0%
145,485

0.70 145,485

0.70 -361
-0.2%

0.08 -0.2
100.0%
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 26 of 46 ends

Portfolio ID: 6748 - 58411

Portfolio Considerations
Par
Book
Market
Gain/
Yield
Eff.

Historical CPR
Proj. CPR
Loan
Sector
Cnt
Cpn
Maturity
Value
Price
Price
(Loss)
@ Book
WAL
Dur
1 Mo.
3 Mo.

Life
Life
Count
Yield at Book < 2%
29 0.80

0.7 yrs
262,195
100.00

97.76 -5,869

0.81 0.7

0.62 Treasury
4 1.15

1.1 yrs
25,000
100.00

96.31 -922

1.15 1.1

1.06 Agency Bullet
2 0.43

0.9 yrs
6,000
100.00

96.22 -227

0.42 0.9

0.85 Callable Agency
18 0.92

1.5 yrs
85,210
100.00

94.50 -4,683

0.92 1.5

1.44 Finance
1 0.75

1.8 yrs
500
100.00

92.38 -38

0.75 1.8

1.76 Cash & Other
4 0.70

0.1 yrs
145,485
100.00
100.00
0 0.70

0.1 0.08
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 27 of 46 ends

Portfolio ID: 6748 - 58411

Key Portfolio Sorts
Top 10 Up 300 Market Value Changes (%)
Par
Book
Market
Yield
% Px
Δ
$ Amt
Δ
G/L
Eff.

CUSIP
Sector
Description
Cpn
Maturity
Value
Price
Price
G/L
@ Book
WAL
+300
+300
+300
Dur
INT
05565QDH8
Finance
BPLN 3.723 11/28/28

3.72 11/28/28
500
100.00

95.41 -23

3.722

4.66 -11.58
-55
-78

4.08 AFS
797440CE2
Utility
SRE 4.95 08/15/28

4.95 08/15/28
500
100.00
100.34
2 4.949

4.38 -10.78
-54
-52

3.83 AFS
718172CE7
Industrial
PM 3 1/8 03/02/28

3.13 03/02/28
500
100.00

93.25 -34

3.125

3.92 -10.08
-47
-81

3.56 AFS
09582YAV4
NCD
BRBS 4.2 12/28/27

4.20 12/28/27
240
100.00

99.44 -1

4.199

3.74 -9.58
-23
-24

3.38 AFS
91282CFM8
Treasury
T 4 1/8 09/30/27

4.13 09/30/27
2,500
100.00

99.22 -20

4.124

3.50 -9.03
-224
-244

3.21 AFS
3133EPLE3
Callable Agency
FFCB 4.67 05/30/28

4.67 05/30/28
2,815
100.00

98.04 -55

4.668

4.17 -8.71
-240
-296

2.20 AFS
91282CEW7
Treasury
T 3 1/4 06/30/27

3.25 06/30/27
5,000
100.00

96.58 -171

3.246

3.25 -8.54
-412
-584

3.00 AFS
75973QAA5
Finance
RNR 3.45 07/01/27

3.45 07/01/27
500
100.00

94.68 -27

3.449

3.25 -8.47
-40
-67

2.94 AFS
22550L2K6
Finance
CS 5 07/09/27

5.00 07/09/27
500
100.00

98.69 -7

4.997

3.28 -8.41
-42
-48

2.94 AFS
3130AL5A8
Callable Agency
FHLB 0.9 02/26/27

0.90 02/26/27
5,000
100.00

90.12 -494

0.900

2.91 -7.92
-357
-851

2.78 AFS

3.07 18,055
100.00

95.41 -829

3.063

3.43 -8.68
-1,495
-2,324

2.91 Top 10 Up 300 Market Value Changes ($)
Par
Book
Market
Yield
% Px
Δ
$ Amt
Δ
G/L
Eff.

CUSIP
Sector
Description
Cpn
Maturity
Value
Price
Price
G/L
@ Book
WAL
+300
+300
+300
Dur
INT
91282CEW7
Treasury
T 3 1/4 06/30/27

3.25 06/30/27
5,000
100.00

96.58 -171

3.246

3.25 -8.54
-412
-584

3.00 AFS
3134GWUG9
Callable Agency
FHLMC 0.57 09/24/25

0.57 09/24/25
10,000
100.00

93.84 -616

0.570

1.48 -4.15
-389
-1,005

1.43 AFS
3130ARHJ3
Callable Agency
FHLB 3.175 04/19/27

3.18 04/19/27
5,000
100.00

95.70 -215

3.175

3.05 -7.75
-371
-586

2.41 AFS
3130AQRH8
Callable Agency
FHLB 2 02/25/27

2.00 02/25/27
5,000
100.00

93.04 -348

2.000

2.90 -7.77
-361
-709

2.66 AFS
3130AL5A8
Callable Agency
FHLB 0.9 02/26/27

0.90 02/26/27
5,000
100.00

90.12 -494

0.900

2.91 -7.92
-357
-851

2.78 AFS
912828YX2
Treasury
T 1 3/4 12/31/26

1.75 12/31/26
5,000
100.00

93.06 -347

1.750

2.75 -7.46
-347
-694

2.61 AFS
3133ENJC5
Callable Agency
FFCB 1.29 12/22/26

1.29 12/22/26
5,000
100.00

91.58 -421

1.290

2.73 -7.41
-339
-761

2.57 AFS
3133ENHW3
Callable Agency
FFCB 1.17 06/23/25

1.17 06/23/25
10,000
100.00

95.47 -453

1.170

1.23 -3.44
-328
-781

1.18 AFS
3134GW4C7
Callable Agency
FHLMC 0.8 10/27/26

0.80 10/27/26
5,000
100.00

90.76 -462

0.800

2.58 -7.06
-321
-782

2.46 AFS
91282CHH7
Treasury
T 4 1/8 06/15/26

4.13 06/15/26
5,000
100.00

99.03 -48

4.118

2.21 -5.94
-294
-342

2.05 AFS

1.73 60,000
100.00

94.04 -3,575

1.730

2.32 -6.24
-3,520
-7,096

2.14 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 28 of 46 ends

Portfolio ID: 6748 - 58411

Key Portfolio Sorts
Top 10 Marked to Market Up 300 Loss Positions
Par
Book
Market
Yield
% Px
Δ
$ Amt
Δ
G/L
Eff.

CUSIP
Sector
Description
Cpn
Maturity
Value
Price
Price
G/L
@ Book
WAL
+300
+300
+300
Dur
INT
3134GWUG9
Callable Agency
FHLMC 0.57 09/24/25

0.57 09/24/25
10,000
100.00

93.84 -616

0.570

1.48 -4.15
-389
-1,005

1.43 AFS
3130AL5A8
Callable Agency
FHLB 0.9 02/26/27

0.90 02/26/27
5,000
100.00

90.12 -494

0.900

2.91 -7.92
-357
-851

2.78 AFS
3134GW4C7
Callable Agency
FHLMC 0.8 10/27/26

0.80 10/27/26
5,000
100.00

90.76 -462

0.800

2.58 -7.06
-321
-782

2.46 AFS
3133ENHW3
Callable Agency
FFCB 1.17 06/23/25

1.17 06/23/25
10,000
100.00

95.47 -453

1.170

1.23 -3.44
-328
-781

1.18 AFS
3133ENJC5
Callable Agency
FFCB 1.29 12/22/26

1.29 12/22/26
5,000
100.00

91.58 -421

1.290

2.73 -7.41
-339
-761

2.57 AFS
3130AQRH8
Callable Agency
FHLB 2 02/25/27

2.00 02/25/27
5,000
100.00

93.04 -348

2.000

2.90 -7.77
-361
-709

2.66 AFS
912828YX2
Treasury
T 1 3/4 12/31/26

1.75 12/31/26
5,000
100.00

93.06 -347

1.750

2.75 -7.46
-347
-694

2.61 AFS
3130ARHJ3
Callable Agency
FHLB 3.175 04/19/27

3.18 04/19/27
5,000
100.00

95.70 -215

3.175

3.05 -7.75
-371
-586

2.41 AFS
91282CEW7
Treasury
T 3 1/4 06/30/27

3.25 06/30/27
5,000
100.00

96.58 -171

3.246

3.25 -8.54
-412
-584

3.00 AFS
3130AN5C0
Callable Agency
FHLB 1.05 04/29/26

1.05 04/29/26
4,000
100.00

92.74 -290

1.050

2.08 -5.74
-213
-503

1.99 AFS

1.48 59,000
100.00

93.53 -3,817

1.481

2.31 -6.23
-3,439
-7,256

2.14 Top 10 Average Life Extension Up 300bps
Par
Book
Market
Yield
% Px
Δ
Eff.

WAL
Chg in
CUSIP
Sector
Description
Cpn
Maturity
Value
Price
Price
G/L
@ Book
+300
Dur
WAL
+300
WAL
INT
3130AXAP3
Callable Agency
FHLB 5 3/4 09/21/26

5.75 09/21/26
4,750
100.00
100.00
0 5.754
-3.84

0.32 0.89

2.48 1.59
AFS
3133EL3P7
Callable Agency
FFCB 0.53 08/12/25

0.53 08/12/25
1,810
100.00

94.20 -105

0.530
-3.83

1.32 1.37

1.37 0.00
AFS

PLMDLLAIF
Cash & Other
LAIF

0.78 04/30/24
54,243
100.00
100.00
0 0.781
-0.25

0.08 0.08

0.08 0.00
AFS
3133EJYM5
Agency Bullet
FFCB 3.02 09/04/25

3.02 09/04/25
2,000
100.00

97.36 -53

3.019
-3.95

1.36 1.43

1.43 0.00
AFS
9128283P3
Treasury
T 2 1/4 12/31/24

2.25 12/31/24
3,000
100.00

97.88 -64

2.252
-2.15

0.73 0.75

0.75 0.00
AFS
3134GXBM5
Callable Agency
FHLMC 0.6 11/12/25

0.60 11/12/25
1,150
100.00

93.36 -76

0.600
-4.51

1.56 1.62

1.62 0.00
AFS

PLMDLLAIF
Cash & Other
LAIF

0.78 04/30/24
42,307
100.00
100.00
0 0.781
-0.25

0.08 0.08

0.08 0.00
AFS
3130AMHH8
Callable Agency
FHLB 0.41 08/01/24

0.41 08/01/24
4,000
100.00

98.38 -65

0.410
-1.00

0.34 0.34

0.34 0.00
AFS
3134GWNG7
Callable Agency
FHLMC 0 1/2 11/27/24

0.50 11/27/24
2,000
100.00

96.95 -61

0.500
-1.90

0.65 0.66

0.66 0.00
AFS
30231GAT9
Industrial
XOM 3.043 03/01/26

3.04 03/01/26
1,000
100.00

96.85 -32

3.042
-5.20

1.77 1.92

1.92 0.00
AFS

1.06 116,260
100.00

99.61 -455

1.057
-0.69

0.19 0.23

0.29 0.06
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 29 of 46 ends

Portfolio ID: 6748 - 58411

Agency - CUSIP Detail
Maturity
Book
Market
Gain/(Loss)
% Px
Δ
Eff.

CUSIP
Cpn Type
Next Call Dt
Step Date
Proj.

Price
Price
bp
→

call
%
-100
Dur
ESG/Gr
Security Description
Ticker
Par
Coupon
Call Type
Step Cpn
Final
Value
Yield
Value
Yield
$
+300
Cvx
Intent
91282CDN8
Fixed
12/24
100.00

97.13 -2.9%

0.7 0.69
T 1 12/15/24
T
10,000

1.000
12/15/24
10,000

1.00 9,713

5.18 -288
-2.0

0.01 AFS
91282CDN8
Fixed
12/24
100.00

97.13 -2.9%

0.7 0.69
T 1 12/15/24
T
5,000

1.000
12/15/24
5,000

1.00 4,856

5.18 -144
-2.0

0.01 AFS
91282CDN8
Fixed
12/24
100.00

97.13 -2.9%

0.7 0.69
T 1 12/15/24
T
5,000

1.000
12/15/24
5,000

1.00 4,856

5.18 -144
-2.0

0.01 AFS
9128283P3
Fixed
12/24
100.00

97.88 -2.1%

0.7 0.73
T 2 1/4 12/31/24
T
3,000

2.250
12/31/24
3,000

2.25 2,936

5.17 -64
-2.2

0.01 AFS
9128286R6
Fixed
04/24
100.00

99.73 -0.3%

0.1 0.08
T 2 1/4 04/30/24
T
5,000

2.250
04/30/24
5,000

2.20 4,987

5.42 -13
-0.3

0.00 AFS
9128285T3
Fixed
12/25
100.00

96.48 -3.5%

1.7 1.66
T 2 5/8 12/31/25
T
5,000

2.625
12/31/25
5,000

2.62 4,824

4.74 -176
-4.8

0.04 AFS
9128285T3
Fixed
12/25
100.00

96.48 -3.5%

1.7 1.66
T 2 5/8 12/31/25
T
3,000

2.625
12/31/25
3,000

2.62 2,895

4.74 -105
-4.8

0.04 AFS
91282CGL9
Fixed
02/26
100.00

98.75 -1.3%

1.8 1.76
T 4 02/15/26
T
5,000

4.000
02/15/26
5,000

4.00 4,938

4.71 -63
-5.1

0.05 AFS
9128286F2
Fixed
02/26
100.00

96.05 -4.0%

1.8 1.82
T 2 1/2 02/28/26
T
3,000

2.500
02/28/26
3,000

2.50 2,881

4.68 -119
-5.2

0.05 AFS
9128286L9
Fixed
03/26
100.00

95.47 -4.5%

1.9 1.91
T 2 1/4 03/31/26
T
3,200

2.250
03/31/26
3,200

2.25 3,055

4.65 -145
-5.5

0.06 AFS
91282CHH7
Fixed
06/26
100.00

99.03 -1.0%

2.1 2.05
T 4 1/8 06/15/26
T
5,000

4.125
06/15/26
5,000

4.12 4,952

4.58 -48
-5.9

0.06 AFS
912828YX2
Fixed
12/26
100.00

93.06 -6.9%

2.7 2.61
T 1 3/4 12/31/26
T
5,000

1.750
12/31/26
5,000

1.75 4,653

4.46 -347
-7.5

0.09 AFS
91282CEW7
Fixed
06/27
100.00

96.58 -3.4%

3.1 3.00
T 3 1/4 06/30/27
T
5,000

3.250
06/30/27
5,000

3.25 4,829

4.39 -171
-8.5

0.12 AFS
91282CFM8
Fixed
09/27
100.00

99.22 -0.8%

3.3 3.21
T 4 1/8 09/30/27
T
2,500

4.125
09/30/27
2,500

4.12 2,480

4.37 -20
-9.0

0.14 AFS
Treasury
100.00

97.15 -2.9%

1.5 1.48
64,700

2.313
64,700

2.31 62,855

4.87 -1,845
-4.3

0.04 3135G06G3
Fixed
11/25
100.00

93.36 -6.6%

1.6 1.55
FNMA 0 1/2 11/07/25
FNMA
3,000

0.500
11/07/25
3,000

0.50 2,801

4.85 -199
-4.5

0.04 AFS
3133EJYM5
Fixed
09/25
100.00

97.36 -2.6%

1.4 1.36
FFCB 3.02 09/04/25
FFCB
1,000

3.020
09/04/25
1,000

3.02 974

4.96 -26
-4.0

0.03 AFS
3133EJYM5
Fixed
09/25
100.00

97.36 -2.6%

1.4 1.36
FFCB 3.02 09/04/25
FFCB
2,000

3.020
09/04/25
2,000

3.02 1,947

4.96 -53
-4.0

0.03 AFS
3130AMQR6
Fixed
06/24
100.00

99.08 -0.9%

0.2 0.19
FHLB 0.35 06/07/24
FHLB
3,000

0.350
Quarterly
06/07/24
3,000

0.35 2,972

5.37 -28
-0.6

0.00 AFS
Agency Bullet
100.00

96.60 -3.4%

1.0 1.02
9,000

1.290
9,000

1.29 8,694

5.07 -306
-3.0

0.02 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 30 of 46 ends

Portfolio ID: 6748 - 58411

Agency - CUSIP Detail
Maturity
Book
Market
Gain/(Loss)
% Px
Δ
Eff.

CUSIP
Cpn Type
Next Call Dt
Step Date
Proj.

Price
Price
bp
→

call
%
-100
Dur
ESG/Gr
Security Description
Ticker
Par
Coupon
Call Type
Step Cpn
Final
Value
Yield
Value
Yield
$
+300
Cvx
Intent
3130AXAP3
Fixed
04/12/24
02/25
100.00
100.00
0 0.0%

0.1 0.32
FHLB 5 3/4 09/21/26
FHLB
4,750

5.750
Anytime
09/21/26
4,750

5.75 4,750

5.75 0
-3.8
-1.36
AFS
3130AMHH8
Fixed
06/01/24
08/24
100.00

98.38 -515
-1.6%

0.3 0.34
FHLB 0.41 08/01/24
FHLB
4,000

0.410
Quarterly
08/01/24
4,000

0.41 3,935

5.35 -65
-1.0

0.00 AFS
3134GWNG7
Fixed
05/27/24
11/24
100.00

96.95 -508
-3.1%

0.7 0.65
FHLMC 0 1/2 11/27/24
FHLMC
2,000

0.500
Quarterly
11/27/24
2,000

0.50 1,939

5.28 -61
-1.9

0.01 AFS
3134GWUG9
Fixed
06/24/24
09/25
100.00

93.84 -521
-6.2%

1.4 1.43
FHLMC 0.57 09/24/25
FHLMC
10,000

0.570
Quarterly
09/24/25
10,000

0.57 9,384

4.93 -616
-4.1

0.03 AFS
3133EL2X1
Fixed
04/12/24
05/24
100.00

99.53 -484
-0.5%

0.1 0.10
FFCB 0.42 05/06/24
FFCB
2,000

0.420
Anytime
05/06/24
2,000

0.42 1,991

5.20 -9
-0.3

0.00 AFS
3130AQDY6
Fixed
04/12/24
12/24
100.00

96.94 -471
-3.1%

0.7 0.73
FHLB 1 12/30/24
FHLB
6,750

1.000
Anytime
12/30/24
6,750

1.00 6,543

5.22 -207
-2.1

0.01 AFS
3130AQEA7
Fixed
04/14/24
01/25
100.00

96.80 -458
-3.2%

0.8 0.77
FHLB 1.05 01/14/25
FHLB
7,000

1.050
Quarterly
01/14/25
7,000

1.05 6,776

5.24 -224
-2.3

0.01 AFS
3133EPKC8
Fixed
04/12/24
05/27
100.00

99.56 -71
-0.4%

0.5 0.89
FFCB 5.39 05/18/27
FFCB
5,000

5.390
Anytime
05/18/27
5,000

5.39 4,978

5.54 -22
-5.6
-0.92
AFS
3133EMUP5
Fixed
04/12/24
04/25
100.00

95.74 -513
-4.3%

1.0 0.96
FFCB 0.71 04/01/25
FFCB
5,000

0.710
Anytime
04/01/25
5,000

0.71 4,787

5.12 -213
-2.8

0.02 AFS
3133ELK37
Fixed
04/12/24
06/25
100.00

95.07 -509
-4.9%

1.2 1.16
FFCB 0.78 06/16/25
FFCB
5,000

0.780
Anytime
06/16/25
5,000

0.78 4,753

5.03 -247
-3.4

0.02 AFS
3133ENHW3
Fixed
04/12/24
06/25
100.00

95.47 -466
-4.5%

1.2 1.18
FFCB 1.17 06/23/25
FFCB
10,000

1.170
Anytime
06/23/25
10,000

1.17 9,547

5.01 -453
-3.4

0.02 AFS
3136G4ZP1
Fixed
04/30/24
07/25
100.00

94.50 -526
-5.5%

1.3 1.28
FNMA 0.65 07/30/25
FNMA
3,500

0.650
Quarterly
07/30/25
3,500

0.65 3,307

4.97 -193
-3.7

0.03 AFS
3133EL3P7
Fixed
04/12/24
08/25
100.00

94.20 -537
-5.8%

1.3 1.32
FFCB 0.53 08/12/25
FFCB
1,810

0.530
Anytime
08/12/25
1,810

0.53 1,705

4.97 -105
-3.8

0.03 AFS
3134GXBM5
Fixed
05/12/24
11/25
100.00

93.36 -536
-6.6%

1.6 1.56
FHLMC 0.6 11/12/25
FHLMC
1,150

0.600
Quarterly
11/12/25
1,150

0.60 1,074

4.92 -76
-4.5

0.04 AFS
3130AMRQ7
Fixed
06/30/24
12/25
100.00

93.38 -504
-6.6%

1.7 1.68
FHLB 0 7/8 12/30/25
FHLB
3,000

0.875
Quarterly
12/30/25
3,000

0.87 2,801

4.87 -199
-4.9

0.04 AFS
3130AN5C0
Fixed
04/29/24
04/26
100.00

92.74 -475
-7.3%

2.0 1.99
FHLB 1.05 04/29/26
FHLB
4,000

1.050
Quarterly
04/29/26
4,000

1.05 3,710

4.75 -290
-5.7

0.05 AFS
3130AQRH8
Fixed
05/25/24
02/27
100.00

93.04 -394
-7.0%

2.6 2.66
FHLB 2 02/25/27
FHLB
5,000

2.000
Quarterly
02/25/27
5,000

2.00 4,652

4.59 -348
-7.8
-0.02
AFS
3130AL5A8
Fixed
05/26/24
02/27
100.00

90.12 -504
-9.9%

2.8 2.78
FHLB 0.9 02/26/27
FHLB
5,000

0.900
Quarterly
02/26/27
5,000

0.90 4,506

4.57 -494
-7.9

0.08 AFS
3133EPLE3
Fixed
05/30/25
05/28
100.00

98.04 -105
-2.0%

1.9 2.20
FFCB 4.67 05/30/28
FFCB
2,815

4.670
Anytime
05/30/28
2,815

4.67 2,760

5.20 -55
-8.7
-0.59
AFS
3130ARHJ3
Fixed
04/19/24
04/27
100.00

95.70 -290
-4.3%

2.2 2.41
FHLB 3.175 04/19/27
FHLB
5,000

3.175
Monthly
04/19/27
5,000

3.17 4,785

4.70 -215
-7.8
-0.24
AFS
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 31 of 46 ends

Portfolio ID: 6748 - 58411

Agency - CUSIP Detail
Maturity
Book
Market
Gain/(Loss)
% Px
Δ
Eff.

CUSIP
Cpn Type
Next Call Dt
Step Date
Proj.

Price
Price
bp
→

call
%
-100
Dur
ESG/Gr
Security Description
Ticker
Par
Coupon
Call Type
Step Cpn
Final
Value
Yield
Value
Yield
$
+300
Cvx
Intent
3134GW4C7
Fixed
04/27/24
10/26
100.00

90.76 -508
-9.2%

2.5 2.46
FHLMC 0.8 10/27/26
FHLMC
5,000

0.800
Quarterly
10/27/26
5,000

0.80 4,538

4.65 -462
-7.1

0.07 AFS
3133ENJC5
Fixed
04/12/24
12/26
100.00

91.58 -475
-8.4%

2.6 2.57
FFCB 1.29 12/22/26
FFCB
5,000

1.290
Anytime
12/22/26
5,000

1.29 4,579

4.61 -421
-7.4

0.05 AFS
Callable Agency
100.00

95.16 -4.8%

1.4 1.42
102,775

1.571
102,775

1.57 97,800

5.02 -4,975
-4.5
-0.12
Total
100.00

95.96 -4.0%

1.4 1.42
176,475

1.828
176,475

1.83 169,349

4.97 -7,126
-4.4
-0.05
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 32 of 46 ends

Portfolio ID: 6748 - 58411

Corporate - CUSIP Detail
Gain/(Loss)
% Px
Δ
Eff.

CUSIP
Sector
Par
Index
Moody's
Bk Price
Yield
Mkt Price
Mkt
%
-100
Dur
ESG/Gr
Security Description
Subsector
Value
Cpn
Maturity
Margin
S&P
Bk Value
@Bk
Mkt Value
Yield
$
+300
Cvx
Intent
11271LAA0
Finance
A-
100.00

97.97 -2.0%

1.9 1.91
BNCN 4 1/4 06/02/26
Other Financial
500

4.250
06/02/26
A3
500

4.25 490

5.25 -10
-5.7

0.01 AFS
46625HRS1
Finance
A-
100.00

96.17 -3.8%

2.0 2.02
JPM 3.2 06/15/26
Banks
500

3.200
06/15/26
A1
500

3.20 481

5.05 -19
-5.9

0.02 AFS
61761J3R8
Finance
A-
100.00

95.75 -4.3%

2.2 2.18
MS 3 1/8 07/27/26
Banks
500

3.125
07/27/26
A1
500

3.12 479

5.09 -21
-6.3

0.07 AFS
808513BW4
Finance
A-
100.00

95.20 -4.8%

2.8 2.70
SCHW 3.3 04/01/27
Other Financial
500

3.300
04/01/27
A2
500

3.30 476

5.04 -24
-7.9

0.06 AFS
75973QAA5
Finance
A-
100.00

94.68 -5.3%

3.0 2.94
RNR 3.45 07/01/27
Other Financial
500

3.450
07/01/27
A3
500

3.45 473

5.25 -27
-8.5

0.10 AFS
22550L2K6
Finance
A+
100.00

98.69 -1.3%

3.0 2.94
CS 5 07/09/27
Banks
500

5.000
07/09/27
A3
500

5.00 493

5.44 -7
-8.4

0.12 AFS
780082AD5
Finance
A-
100.00

98.86 -1.1%

1.7 1.70
RY 4.65 01/27/26
Banks
500

4.650
01/27/26
A3
500

4.65 494

5.31 -6
-5.0

0.05 AFS
06406RAQ0
Finance
A
100.00

92.38 -7.6%

1.8 1.76
BK 0 3/4 01/28/26
Other Financial
500

0.750
01/28/26
A1
500

0.75 462

5.17 -38
-5.1

0.05 AFS
05565QDH8
Finance
A-
100.00

95.41 -4.6%

4.2 4.08
BPLN 3.723 11/28/28
Other Financial
500

3.723
11/28/28
A1
500

3.72 477

4.83 -23
-11.6

0.17 AFS
Finance
A
100.00

96.12 -3.9%

2.5 2.47
4,500

3.494
A2
4,500

3.49 4,326

5.16 -174
-7.1

0.07 30231GAT9
Industrial
AA-
100.00

96.85 -3.2%

1.8 1.77
XOM 3.043 03/01/26
Energy Company
1,000

3.043
03/01/26
Aa2
1,000

3.04 968

4.78 -32
-5.2

0.04 AFS
194162AQ6
Industrial
AA-
100.00
100.17

0.2%

1.8 1.79
CL 4.8 03/02/26
Consumer
Goods
1,000

4.800
03/02/26
Aa3
1,000

4.80 1,002

4.70 2
-5.2

0.05 AFS
742718FY0
Industrial
AA-
100.00

98.90 -1.1%

1.7 1.71
PG 4.1 01/26/26
Consumer
Goods
1,000

4.100
01/26/26
Aa3
1,000

4.10 989

4.73 -11
-5.0

0.05 AFS
718172CE7
Industrial
A-
100.00

93.25 -6.8%

3.6 3.56
PM 3 1/8 03/02/28
Consumer
Goods
500

3.125
03/02/28
A2
500

3.12 466

5.04 -34
-10.1

0.14 AFS
Industrial
AA-
100.00

97.87 -2.1%

2.0 2.00
3,500

3.859
Aa2
3,500

3.86 3,425

4.78 -75
-5.8

0.06 797440CE2
Utility
A
100.00
100.34

0.3%

3.9 3.83
Y/Y
SRE 4.95 08/15/28
Electric Power
500

4.950
08/15/28
A1
500

4.95 502

4.86 2
-10.8

0.18 AFS
Utility
A
100.00
100.34

0.3%

3.9 3.83
500

4.950
A1
500

4.95 502

4.86 2
-10.8

0.18 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 33 of 46 ends

Portfolio ID: 6748 - 58411

Corporate - CUSIP Detail
Gain/(Loss)
% Px
Δ
Eff.

97.09 -2.9%

2.4 2.36
8,500

3.730
A1
8,500

3.73 8,253

4.98 -247
-6.8

0.07 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 34 of 46 ends

Portfolio ID: 6748 - 58411

CD - CUSIP Detail
Coupon
Step
Maturity
Gain/(Loss)
% Px
Δ
Effective
CUSIP
Par
Type
Date
Proj.

Bk Price
Yield
Mkt Price
Mkt
%
-100
Dur
ESG/G
r
Security Description
Ticker
Value
Rate
Rate
Final
Bk Value
@Bk
Mkt Value
Yield
$
+300
Cvx
Intent
46656MVH1
Fixed
11/27
100.00

99.56 -0.4%

0.9 1.18
JPM 5 11/30/27
JPM
240

5.000
11/30/27
240

5.00 239

5.13 -1
-6.5
-0.79
AFS
05580A4Y7
Fixed
06/26
100.00

99.68 -0.3%

2.1 2.03
BMW 4.65 06/15/26
BMW
240

4.650
06/15/26
240

4.65 239

4.80 -1
-5.9

0.06 AFS
09582YAV4
Fixed
12/27
100.00

99.44 -0.6%

3.5 3.38
BRBS 4.2 12/28/27
BRBS
240

4.200
12/28/27
240

4.20 239

4.36 -1
-9.6

0.15 AFS
NCD
100.00

99.56 -0.4%

2.2 2.20
720

4.617
720

4.62 717

4.77 -3
-7.3
-0.19
Total
100.00

99.56 -0.4%

2.2 2.20
720

4.617
720

4.62 717

4.77 -3
-7.3
-0.19
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 35 of 46 ends

Portfolio ID: 6748 - 58411

Other - CUSIP Detail
Coupon
Step
Gain/(Loss)
% Px
Δ
Effective
Par
Type
Date
Proj.Mat.

Bk Price
Yield
Mkt Price
%
-100
Dur
ESG/G
r
CUSIP
Ticker
Value
Rate
Rate
Final Mat.

Bk Value
@ Bk
Mkt Value
Mkt Yield
$
+300
Cvx
Intent
Fixed
04/24
100.00
100.00

0.0%

0.1 0.08

PLMDLCAMP
25,472

0.300
04/30/24
25,472

0.30 25,472

0.30 0
-0.2

0.00 AFS
Fixed
04/24
100.00
100.00

0.0%

0.1 0.08

PLMDLLAIF
23,463

0.780
04/30/24
23,463

0.78 23,463

0.78 0
-0.2

0.00 AFS
Fixed
04/24
100.00
100.00

0.0%

0.1 0.08

PLMDLLAIF
54,243

0.780
04/30/24
54,243

0.78 54,243

0.78 0
-0.2

0.00 AFS
Fixed
04/24
100.00
100.00

0.0%

0.1 0.08

PLMDLLAIF
42,307

0.780
04/30/24
42,307

0.78 42,307

0.78 0
-0.2

0.00 AFS
100.00
100.00

0.0%

0.1 0.08
Cash & Other
145,485

0.696
145,485

0.70 145,485

0.70 0
-0.2

0.00 100.00
100.00

0.0%

0.1 0.08
Total
145,485

0.696
145,485

0.70 145,485

0.70 0
-0.2

0.00 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 36 of 46 ends

Portfolio ID: 6748 - 58411

Shocked CUSIP Analysis
-300
-200
-100
Base
+100
+200
+300
Par Value
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
CUSIP
Coupon
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Description
Maturity
WAL
WAL
WAL
Dur
WAL
WAL
WAL
WAL
2,000
6 0.30%
4 0.20%
2 0.10%
0 0.00%
-2
-0.10%
-4
-0.20%
-6
-0.30%
3133EL2X1

0.42 99.83

2.16 99.73

3.17 99.63

4.19 99.53

5.20 99.43

6.23 99.33

7.25 99.23

8.28 FFCB 0.42 05/06/24
05/06/2024

0.10 0.10

0.10 0.10
1,810
69 4.04%
46 2.69%
23 1.33%
0 0.00%
-22
-1.30%
-44
-2.58%
-65
-3.82%
3133EL3P7

0.53 98.01

2.01 96.74

2.98 95.46

3.98 94.20

4.97 92.97

5.96 91.77

6.94 90.60

7.92 FFCB 0.53 08/12/25
08/12/2025

1.37 1.37

1.37 1.32

1.37 1.37

1.37 1.37
5,000
142

2.96%
94 1.97%
47 0.97%
0 0.00%
-46
-0.96%
-91
-1.89%
-135
-2.82%
3133EMUP5

0.71 98.58

2.15 97.62

3.14 96.67

4.13 95.74

5.12 94.82

6.11 93.92

7.09 93.04

8.07 FFCB 0.71 04/01/25
04/01/2025

1.00 1.00

1.00 0.96

1.00 1.00

1.00 1.00
5,000
169

3.56%
113

2.38%
56 1.18%
0 0.00%
-55
-1.15%
-109
-2.28%
-161
-3.39%
3133ELK37

0.78 98.45

2.08 97.33

3.04 96.19

4.03 95.07

5.03 93.97

6.01 92.90

7.00 91.84

7.98 FFCB 0.78 06/16/25
06/16/2025

1.21 1.21

1.21 1.16

1.21 1.21

1.21 1.21
10,000
339

3.55%
229

2.40%
114

1.20%
0 0.00%
-112
-1.17%
-221
-2.32%
-328
-3.44%
3133ENHW3

1.17 98.86

2.11 97.76

3.04 96.61

4.02 95.47

5.01 94.35

6.00 93.26

6.98 92.19

7.96 FFCB 1.17 06/23/25
06/23/2025

1.23 1.23

1.23 1.18

1.23 1.23

1.23 1.23
5,000
333

7.28%
234

5.11%
119

2.59%
0 0.00%
-117
-2.55%
-230
-5.02%
-339
-7.41%
3133ENJC5

1.29 98.25

1.95 96.26

2.72 93.95

3.64 91.58

4.61 89.24

5.60 86.98

6.58 84.79

7.56 FFCB 1.29 12/22/26
12/22/2026

2.73 2.73

2.73 2.57

2.73 2.73

2.73 2.73
1,000
41 4.24%
27 2.79%
13 1.38%
0 0.00%
-13
-1.35%
-26
-2.67%
-38
-3.95%
3133EJYM5

3.02 101.49

1.96 100.08

2.96 98.70

3.96 97.36

4.96 96.04

5.95 94.76

6.93 93.51

7.92 FFCB 3.02 09/04/25
09/04/2025

1.43 1.43

1.43 1.36

1.43 1.43

1.43 1.43
2,000
83 4.24%
54 2.79%
27 1.38%
0 0.00%
-26
-1.35%
-52
-2.67%
-77
-3.95%
3133EJYM5

3.02 101.49

1.96 100.08

2.96 98.70

3.96 97.36

4.96 96.04

5.95 94.76

6.93 93.51

7.92 FFCB 3.02 09/04/25
09/04/2025

1.43 1.43

1.43 1.36

1.43 1.43

1.43 1.43
2,815
126

4.56%
92 3.34%
53 1.91%
0 0.00%
-70
-2.55%
-153
-5.54%
-240
-8.71%
3133EPLE3

4.67 102.51

2.73 101.31

3.65 99.92

4.69 98.04

5.20 95.54

5.89 92.61

6.73 89.50

7.66 FFCB 4.67 05/30/28
05/30/2028

1.33 1.33

4.17 2.20

4.17 4.17

4.17 4.17
5,000
29 0.58%
26 0.53%
24 0.48%
0 0.00%
-66
-1.32%
-164
-3.29%
-280
-5.63%
3133EPKC8

5.39 100.14
-1.57
100.09

1.00 100.03

3.59 99.56

5.54 98.25

6.01 96.29

6.72 93.96

7.59 FFCB 5.39 05/18/27
05/18/2027

0.02 0.02

0.02 0.89

3.13 3.13

3.13 3.13
3,000
142

5.07%
96 3.43%
48 1.70%
0 0.00%
-47
-1.66%
-92
-3.28%
-136
-4.86%
3130AMRQ7

0.88 98.11

1.98 96.58

2.90 94.97

3.88 93.38

4.87 91.82

5.86 90.31

6.84 88.83

7.82 FHLB 0 7/8 12/30/25
12/30/2025

1.75 1.75

1.75 1.68

1.75 1.75

1.75 1.75
3,000
17 0.56%
11 0.38%
6 0.19%
0 0.00%
-6
-0.19%
-11
-0.37%
-17
-0.56%
3130AMQR6

0.35 99.64

2.29 99.45

3.31 99.27

4.34 99.08

5.37 98.90

6.40 98.71

7.44 98.53

8.48 FHLB 0.35 06/07/24
06/07/2024

0.19 0.19

0.19 0.19
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 37 of 46 ends

Portfolio ID: 6748 - 58411

Shocked CUSIP Analysis
-300
-200
-100
Base
+100
+200
+300
Par Value
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
CUSIP
Coupon
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Description
Maturity
WAL
WAL
WAL
Dur
WAL
WAL
WAL
WAL
4,000
40 1.02%
27 0.68%
13 0.34%
0 0.00%
-13
-0.33%
-26
-0.67%
-39
-1.00%
3130AMHH8

0.41 99.38

2.28 99.04

3.30 98.71

4.32 98.38

5.35 98.05

6.37 97.72

7.40 97.40

8.43 FHLB 0.41 08/01/24
08/01/2024

0.34 0.34

0.34 0.34
5,000
367

8.14%
252

5.60%
126

2.81%
0 0.00%
-123
-2.74%
-242
-5.38%
-357
-7.92%
3130AL5A8

0.90 97.45

1.80 95.16

2.64 92.65

3.59 90.12

4.57 87.66

5.56 85.27

6.55 82.98

7.53 FHLB 0.9 02/26/27
02/26/2027

2.91 2.91

2.91 2.78

2.91 2.91

2.91 2.91
6,750
146

2.23%
97 1.48%
48 0.74%
0 0.00%
-48
-0.73%
-94
-1.44%
-141
-2.15%
3130AQDY6

1.00 99.10

2.22 98.38

3.21 97.65

4.21 96.94

5.22 96.23

6.22 95.54

7.22 94.85

8.21 FHLB 1 12/30/24
12/30/2024

0.75 0.75

0.75 0.73

0.75 0.75

0.75 0.75
7,000
159

2.35%
106

1.56%
53 0.78%
0 0.00%
-52
-0.76%
-103
-1.52%
-153
-2.26%
3130AQEA7

1.05 99.08

2.23 98.32

3.23 97.55

4.23 96.80

5.24 96.06

6.24 95.33

7.24 94.62

8.23 FHLB 1.05 01/14/25
01/14/2025

0.79 0.79

0.79 0.77

0.79 0.79

0.79 0.79
4,000
218

5.89%
150

4.03%
75 2.02%
0 0.00%
-73
-1.97%
-144
-3.88%
-213
-5.74%
3130AN5C0

1.05 98.20

1.94 96.48

2.80 94.61

3.77 92.74

4.75 90.92

5.74 89.15

6.73 87.42

7.71 FHLB 1.05 04/29/26
04/29/2026

2.08 2.08

2.08 1.99

2.08 2.08

2.08 2.08
5,000
312

6.71%
232

4.98%
122

2.62%
0 0.00%
-124
-2.66%
-244
-5.25%
-361
-7.77%
3130AQRH8

2.00 99.29

2.25 97.67

2.84 95.48

3.66 93.04

4.59 90.57

5.56 88.15

6.55 85.82

7.53 FHLB 2 02/25/27
02/25/2027

2.90 2.90

2.90 2.66

2.90 2.90

2.90 2.90
5,000
216

4.52%
183

3.83%
107

2.24%
0 0.00%
-122
-2.55%
-248
-5.18%
-371
-7.75%
3130ARHJ3

3.18 100.03

2.63 99.37

3.39 97.84

3.93 95.70

4.70 93.26

5.61 90.75

6.57 88.28

7.54 FHLB 3.175 04/19/27
04/19/2027

0.05 3.05

3.05 2.41

3.05 3.05

3.05 3.05
4,750
9 0.20%
7 0.14%
4 0.08%
0 0.00%
-34
-0.71%
-98
-2.06%
-182
-3.84%
3130AXAP3

5.75 100.20
-4.38
100.14
-1.43
100.08

1.56 100.00

5.75 99.29

6.06 97.94

6.66 96.16

7.47 FHLB 5 3/4 09/21/26
09/21/2026

0.02 0.02

0.02 0.32

0.89 2.48

2.48 2.48
2,000
38 1.98%
25 1.31%
13 0.65%
0 0.00%
-12
-0.64%
-25
-1.28%
-37
-1.90%
3134GWNG7

0.50 98.87

2.24 98.22

3.26 97.58

4.27 96.95

5.28 96.33

6.28 95.71

7.29 95.10

8.30 FHLMC 0 1/2 11/27/24
11/27/2024

0.66 0.66

0.66 0.65

0.66 0.66

0.66 0.66
10,000
412

4.39%
275

2.93%
136

1.45%
0 0.00%
-133
-1.42%
-262
-2.80%
-389
-4.15%
3134GWUG9

0.57 97.96

1.98 96.58

2.94 95.20

3.94 93.84

4.93 92.51

5.92 91.21

6.90 89.95

7.88 FHLMC 0.57 09/24/25
09/24/2025

1.48 1.48

1.48 1.43

1.48 1.48

1.48 1.48
1,150
51 4.78%
34 3.19%
17 1.58%
0 0.00%
-17
-1.54%
-33
-3.05%
-48
-4.51%
3134GXBM5

0.60 97.82

1.98 96.34

2.94 94.83

3.93 93.36

4.92 91.92

5.91 90.51

6.90 89.14

7.88 FHLMC 0.6 11/12/25
11/12/2025

1.62 1.62

1.62 1.56

1.62 1.62

1.62 1.62
5,000
333

7.34%
227

5.01%
113

2.50%
0 0.00%
-110
-2.43%
-217
-4.79%
-321
-7.06%
3134GW4C7

0.80 97.43

1.83 95.31

2.70 93.03

3.66 90.76

4.65 88.56

5.64 86.42

6.62 84.35

7.60 FHLMC 0.8 10/27/26
10/27/2026

2.58 2.58

2.58 2.46

2.58 2.58

2.58 2.58
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 38 of 46 ends

Portfolio ID: 6748 - 58411

4.83%
89 3.18%
44 1.57%
0 0.00%
-43
-1.53%
-85
-3.02%
-125
-4.48%
3135G06G3

0.50 97.87

1.85 96.33

2.86 94.83

3.86 93.36

4.85 91.93

5.85 90.54

6.83 89.18

7.81 FNMA 0 1/2 11/07/25
11/07/2025

1.60 1.60

1.60 1.55

1.60 1.60

1.60 1.60
3,500
130

3.92%
87 2.62%
43 1.30%
0 0.00%
-42
-1.27%
-83
-2.51%
-123
-3.73%
3136G4ZP1

0.65 98.20

2.02 96.97

2.98 95.72

3.98 94.50

4.97 93.30

5.95 92.12

6.94 90.98

7.91 FNMA 0.65 07/30/25
07/30/2025

1.33 1.33

1.33 1.28

1.33 1.33

1.33 1.33
10,000
206

2.12%
137

1.41%
68 0.70%
0 0.00%
-67
-0.69%
-133
-1.37%
-198
-2.04%
91282CDN8

1.00 99.19

2.16 98.49

3.17 97.80

4.18 97.13

5.18 96.46

6.19 95.80

7.19 95.15

8.19 T 1 12/15/24
12/15/2024

0.71 0.71

0.71 0.69

0.71 0.71

0.71 0.71
5,000
103

2.12%
68 1.41%
34 0.70%
0 0.00%
-33
-0.69%
-66
-1.37%
-99
-2.04%
91282CDN8

1.00 99.19

2.16 98.49

3.17 97.80

4.18 97.13

5.18 96.46

6.19 95.80

7.19 95.15

8.19 T 1 12/15/24
12/15/2024

0.71 0.71

0.71 0.69

0.71 0.71

0.71 0.71
5,000
103

2.12%
68 1.41%
34 0.70%
0 0.00%
-33
-0.69%
-66
-1.37%
-99
-2.04%
91282CDN8

1.00 99.19

2.16 98.49

3.17 97.80

4.18 97.13

5.18 96.46

6.19 95.80

7.19 95.15

8.19 T 1 12/15/24
12/15/2024

0.71 0.71

0.71 0.69

0.71 0.71

0.71 0.71
5,000
387

8.31%
253

5.44%
124

2.67%
0 0.00%
-120
-2.57%
-235
-5.06%
-347
-7.46%
912828YX2

1.75 100.80

1.45 98.12

2.46 95.55

3.46 93.06

4.46 90.67

5.45 88.35

6.44 86.12

7.42 T 1 3/4 12/31/26
12/31/2026

2.75 2.75

2.75 2.61

2.75 2.75

2.75 2.75
3,000
165

5.71%
108

3.75%
53 1.85%
0 0.00%
-52
-1.80%
-102
-3.55%
-151
-5.25%
9128286F2

2.50 101.53

1.68 99.65

2.69 97.82

3.69 96.05

4.68 94.32

5.67 92.64

6.65 91.01

7.63 T 2 1/2 02/28/26
02/28/2026

1.92 1.92

1.92 1.82

1.92 1.92

1.92 1.92
3,200
183

5.98%
120

3.92%
59 1.93%
0 0.00%
-57
-1.88%
-113
-3.70%
-167
-5.48%
9128286L9

2.25 101.17

1.65 99.22

2.65 97.31

3.65 95.47

4.65 93.68

5.64 91.93

6.62 90.24

7.60 T 2 1/4 03/31/26
03/31/2026

2.00 2.00

2.00 1.91

2.00 2.00

2.00 2.00
5,000
13 0.25%
8 0.17%
4 0.08%
0 0.00%
-4
-0.08%
-8
-0.17%
-12
-0.25%
9128286R6

2.25 99.99

2.38 99.90

3.39 99.82

4.40 99.73

5.42 99.65

6.45 99.57

7.48 99.48

8.51 T 2 1/4 04/30/24
04/30/2024

0.08 0.08

0.08 0.08
3,000
66 2.25%
44 1.49%
22 0.74%
0 0.00%
-21
-0.73%
-42
-1.45%
-63
-2.15%
9128283P3

2.25 100.08

2.15 99.33

3.16 98.60

4.17 97.88

5.17 97.16

6.18 96.46

7.18 95.77

8.18 T 2 1/4 12/31/24
12/31/2024

0.75 0.75

0.75 0.73

0.75 0.75

0.75 0.75
3,000
151

5.22%
99 3.43%
49 1.69%
0 0.00%
-48
-1.65%
-94
-3.26%
-140
-4.82%
9128285T3

2.63 101.52

1.74 99.80

2.74 98.12

3.74 96.48

4.74 94.89

5.73 93.34

6.72 91.83

7.70 T 2 5/8 12/31/25
12/31/2025

1.75 1.75

1.75 1.66

1.75 1.75

1.75 1.75
5,000
252

5.22%
166

3.43%
82 1.69%
0 0.00%
-80
-1.65%
-157
-3.26%
-233
-4.82%
9128285T3

2.63 101.52

1.74 99.80

2.74 98.12

3.74 96.48

4.74 94.89

5.73 93.34

6.72 91.83

7.70 T 2 5/8 12/31/25
12/31/2025

1.75 1.75

1.75 1.66

1.75 1.75

1.75 1.75
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 39 of 46 ends

Portfolio ID: 6748 - 58411

9.65%
304

6.30%
149

3.09%
0 0.00%
-143
-2.96%
-280
-5.81%
-412
-8.54%
91282CEW7

3.25 105.90

1.38 102.66

2.39 99.56

3.39 96.58

4.39 93.72

5.38 90.97

6.37 88.33

7.35 T 3 1/4 06/30/27
06/30/2027

3.25 3.25

3.25 3.00

3.25 3.25

3.25 3.25
5,000
274

5.55%
180

3.65%
89 1.80%
0 0.00%
-86
-1.75%
-170
-3.45%
-252
-5.11%
91282CGL9

4.00 104.23

1.70 102.35

2.71 100.53

3.71 98.75

4.71 97.02

5.70 95.34

6.69 93.71

7.67 T 4 02/15/26
02/15/2026

1.88 1.88

1.88 1.76

1.88 1.88

1.88 1.88
5,000
322

6.51%
212

4.27%
104

2.10%
0 0.00%
-101
-2.04%
-199
-4.02%
-294
-5.94%
91282CHH7

4.13 105.48

1.59 103.26

2.59 101.11

3.59 99.03

4.58 97.01

5.57 95.05

6.56 93.15

7.54 T 4 1/8 06/15/26
06/15/2026

2.21 2.21

2.21 2.05

2.21 2.21

2.21 2.21
2,500
255

10.27%
166

6.70%
81 3.28%
0 0.00%
-78
-3.14%
-152
-6.15%
-224
-9.03%
91282CFM8

4.13 109.41

1.36 105.87

2.37 102.47

3.37 99.22

4.37 96.10

5.36 93.12

6.35 90.26

7.33 T 4 1/8 09/30/27
09/30/2027

3.50 3.50

3.50 3.21

3.50 3.50

3.50 3.50
Treasury/Agency
176,475
7,009

4.14%
4,751

2.81%
2,397

1.42%
0 0.00%
-2,450
-1.45%
-4,921
-2.91%
-7,377
-4.36%

1.83 99.93

1.73 98.65

2.79 97.32

3.87 95.96

4.97 94.57

5.92 93.17

6.89 91.78

7.88 1.39

1.48 1.52

1.42 1.63

1.68 1.68

1.68 500
25 5.50%
17 3.62%
8 1.79%
0 0.00%
-8
-1.74%
-16
-3.43%
-23
-5.08%
06406RAQ0

0.75 97.46

2.18 95.72

3.18 94.03

4.18 92.38

5.17 90.77

6.17 89.20

7.15 87.68

8.14 BK 0 3/4 01/28/26
01/28/2026

1.83 1.83

1.83 1.76

1.83 1.83

1.83 1.83
500
29 5.83%
19 3.87%
9 1.94%
0 0.00%
-10
-1.94%
-19
-3.86%
-28
-5.75%
11271LAA0

4.25 103.68

2.28 101.76

3.33 99.87

4.31 97.97

5.25 96.07

6.21 94.19

7.18 92.34

8.16 BNCN 4 1/4 06/02/26
06/02/2026

1.92 2.00

2.17 1.91

2.17 2.17

2.17 2.17
500
63 13.23%
41 8.63%
20 4.22%
0 0.00%
-19
-4.04%
-38
-7.91%
-55
-11.58%
05565QDH8

3.72 108.04

1.82 103.65

2.88 99.44

3.85 95.41

4.83 91.56

5.82 87.87

6.80 84.36

7.79 BPLN 3.723 11/28/28
11/28/2028

4.41 4.66

4.66 4.08

4.66 4.66

4.66 4.66
1,000
56 5.64%
37 3.71%
18 1.83%
0 0.00%
-18
-1.78%
-35
-3.50%
-52
-5.19%
194162AQ6

4.80 105.82

1.71 103.88

2.71 102.00

3.71 100.17

4.70 98.39

5.69 96.66

6.68 94.98

7.66 CL 4.8 03/02/26
03/02/2026

1.92 1.92

1.92 1.79

1.92 1.92

1.92 1.92
500
47 9.51%
31 6.21%
15 3.04%
0 0.00%
-14
-2.92%
-28
-5.72%
-42
-8.41%
22550L2K6

5.00 108.07

2.42 104.82

3.43 101.69

4.44 98.69

5.44 95.81

6.44 93.05

7.43 90.39

8.41 CS 5 07/09/27
07/09/2027

3.28 3.28

3.28 2.94

3.28 3.28

3.28 3.28
500
29 6.11%
20 4.08%
10 2.04%
0 0.00%
-10
-2.02%
-19
-4.01%
-29
-5.94%
46625HRS1

3.20 102.05

2.13 100.09

3.16 98.13

4.09 96.17

5.05 94.22

6.03 92.32

7.01 90.46

8.00 JPM 3.2 06/15/26
06/15/2026

1.96 2.21

2.21 2.02

2.21 2.21

2.21 2.21
500
33 6.90%
22 4.53%
11 2.23%
0 0.00%
-10
-2.16%
-20
-4.25%
-30
-6.27%
61761J3R8

3.13 102.36

2.08 100.08

3.09 97.88

4.09 95.75

5.09 93.68

6.08 91.68

7.07 89.74

8.05 MS 3 1/8 07/27/26
07/27/2026

2.33 2.33

2.33 2.18

2.33 2.33

2.33 2.33
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 40 of 46 ends

Portfolio ID: 6748 - 58411

Shocked CUSIP Analysis
-300
-200
-100
Base
+100
+200
+300
Par Value
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
CUSIP
Coupon
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Description
Maturity
WAL
WAL
WAL
Dur
WAL
WAL
WAL
WAL
1,000
53 5.39%
35 3.54%
17 1.75%
0 0.00%
-17
-1.70%
-33
-3.35%
-49
-4.96%
742718FY0

4.10 104.23

1.73 102.41

2.74 100.63

3.74 98.90

4.73 97.22

5.72 95.59

6.71 93.99

7.69 PG 4.1 01/26/26
01/26/2026

1.82 1.82

1.82 1.71

1.82 1.82

1.82 1.82
500
53 11.28%
34 7.39%
17 3.63%
0 0.00%
-16
-3.50%
-32
-6.86%
-47
-10.08%
718172CE7

3.13 103.76

2.10 100.14

3.09 96.64

4.06 93.25

5.04 89.98

6.03 86.85

7.02 83.85

8.00 PM 3 1/8 03/02/28
03/02/2028

3.84 3.92

3.92 3.56

3.92 3.92

3.92 3.92
500
44 9.21%
29 6.07%
14 3.00%
0 0.00%
-14
-2.92%
-27
-5.75%
-40
-8.47%
75973QAA5

3.45 103.40

2.33 100.42

3.31 97.52

4.27 94.68

5.25 91.91

6.23 89.24

7.22 86.66

8.20 RNR 3.45 07/01/27
07/01/2027

3.17 3.25

3.25 2.94

3.25 3.25

3.25 3.25
500
27 5.37%
17 3.53%
9 1.74%
0 0.00%
-8
-1.70%
-17
-3.35%
-24
-4.95%
780082AD5

4.65 104.17

2.30 102.35

3.31 100.58

4.31 98.86

5.31 97.18

6.30 95.55

7.29 93.96

8.28 RY 4.65 01/27/26
01/27/2026

1.83 1.83

1.83 1.70

1.83 1.83

1.83 1.83
500
40 8.48%
27 5.60%
13 2.77%
0 0.00%
-13
-2.71%
-25
-5.34%
-38
-7.88%
808513BW4

3.30 103.27

2.07 100.53

3.12 97.84

4.07 95.20

5.04 92.62

6.02 90.11

7.01 87.69

7.99 SCHW 3.3 04/01/27
04/01/2027

2.75 3.00

3.00 2.70

3.00 3.00

3.00 3.00
500
62 12.42%
41 8.08%
20 3.94%
0 0.00%
-19
-3.76%
-37
-7.35%
-54
-10.78%
797440CE2

4.95 112.80

1.83 108.44

2.85 104.29

3.87 100.34

4.86 96.56

5.85 92.96

6.84 89.53

7.82 SRE 4.95 08/15/28
08/15/2028

4.29 4.29

4.38 3.83

4.38 4.38

4.38 4.38
1,000
51 5.25%
34 3.51%
17 1.77%
0 0.00%
-17
-1.76%
-34
-3.50%
-50
-5.20%
30231GAT9

3.04 101.93

1.86 100.25

2.91 98.56

3.83 96.85

4.78 95.14

5.75 93.46

6.73 91.81

7.71 XOM 3.043 03/01/26
03/01/2026

1.67 1.92

1.92 1.77

1.92 1.92

1.92 1.92
Corporate
8,500
612

7.42%
403

4.88%
199

2.41%
0 0.00%
-193
-2.34%
-381
-4.61%
-562
-6.80%

3.73 104.30

2.01 101.83

3.02 99.43

4.00 97.09

4.98 94.82

5.97 92.61

6.95 90.48

7.94 2.50

2.58 2.60

2.36 2.60

2.60 2.60

2.60 240
16 6.48%
10 4.25%
5 2.09%
0 0.00%
-5
-2.03%
-10
-4.00%
-14
-5.91%
05580A4Y7

4.65 106.15

1.80 103.92

2.80 101.77

3.80 99.68

4.80 97.66

5.79 95.70

6.78 93.79

7.76 BMW 4.65 06/15/26
06/15/2026

2.21 2.21

2.21 2.03

2.21 2.21

2.21 2.21
240
26 10.97%
17 7.14%
8 3.49%
0 0.00%
-8
-3.34%
-16
-6.53%
-23
-9.58%
09582YAV4

4.20 110.35

1.36 106.54

2.36 102.91

3.37 99.44

4.36 96.12

5.36 92.95

6.34 89.91

7.33 BRBS 4.2 12/28/27
12/28/2027

3.74 3.74

3.74 3.38

3.74 3.74

3.74 3.74
240
6 2.33%
4 1.65%
2 0.94%
0 0.00%
-4
-1.56%
-9
-3.80%
-15
-6.46%
46656MVH1

5.00 101.88

2.16 101.20

3.17 100.50

4.24 99.56

5.13 98.01

5.61 95.78

6.31 93.13

7.16 JPM 5 11/30/27
11/30/2027

0.67 0.67

0.67 1.18

3.67 3.67

3.67 3.67
CD
720
47 6.59%
31 4.35%
16 2.17%
0 0.00%
-17
-2.31%
-34
-4.77%
-52
-7.31%

4.62 106.12

1.76 103.89

2.77 101.73

3.80 99.56

4.77 97.26

5.59 94.81

6.48 92.28

7.42 2.21

2.21 2.21

2.20 3.21

3.21 3.21

3.21 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 41 of 46 ends

Portfolio ID: 6748 - 58411

Shocked CUSIP Analysis
-300
-200
-100
Base
+100
+200
+300
Par Value
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
$ Amt
Δ
% Px
Δ
CUSIP
Coupon
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Mkt Px
Mkt Yld
Description
Maturity
WAL
WAL
WAL
Dur
WAL
WAL
WAL
WAL
25,472
64 0.25%
42 0.17%
21 0.08%
0 0.00%
-21
-0.08%
-42
-0.17%
-63
-0.25%

PLMDLCAMP

0.30 100.25
-2.67
100.17
-1.69
100.08
-0.69
100.00

0.30 99.92

1.30 99.83

2.30 99.75

3.31 CAMP
04/30/2024

0.08 0.08

0.08 0.08
54,243
135

0.25%
90 0.17%
45 0.08%
0 0.00%
-45
-0.08%
-90
-0.17%
-135
-0.25%

PLMDLLAIF

0.78 100.25
-2.20
100.17
-1.21
100.08
-0.22
100.00

0.78 99.92

1.78 99.83

2.79 99.75

3.80 LAIF
04/30/2024

0.08 0.08

0.08 0.08
42,307
106

0.25%
70 0.17%
35 0.08%
0 0.00%
-35
-0.08%
-70
-0.17%
-105
-0.25%

PLMDLLAIF

0.78 100.25
-2.20
100.17
-1.21
100.08
-0.22
100.00

0.78 99.92

1.78 99.83

2.79 99.75

3.80 LAIF
04/30/2024

0.08 0.08

0.08 0.08
23,463
59 0.25%
39 0.17%
19 0.08%
0 0.00%
-19
-0.08%
-39
-0.17%
-58
-0.25%

PLMDLLAIF

0.78 100.25
-2.20
100.17
-1.21
100.08
-0.22
100.00

0.78 99.92

1.78 99.83

2.79 99.75

3.80 LAIF
04/30/2024

0.08 0.08

0.08 0.08
Other
145,485
363

0.25%
242

0.17%
121

0.08%
0 0.00%
-121
-0.08%
-241
-0.17%
-361
-0.25%

0.70 100.25
-2.28
100.17
-1.29
100.08
-0.30
100.00

0.70 99.92

1.70 99.83

2.70 99.75

3.71 0.08

0.08 0.08

0.08 Total
331,180
8,032

2.48%
5,426

1.68%
2,732

0.84%
0 0.00%
-2,781
-0.86%
-5,577
-1.72%
-8,352
-2.58%

1.39 100.20
-0.02

99.41 0.99

98.60 2.01

97.77 3.05

96.93 4.01

96.09 4.98

95.25 5.96
1 0.85

0.90 0.92

0.85 0.98

1.00 1.00

1.00 City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 42 of 46 ends

Portfolio ID: 6748 - 58411

Portfolio Changes
New Securities 12/2023-3/2024
CUSIP
Sector
Security Description
Maturity
Coupon
Original Face
Book Price
Intent
05565QDH8
Corporate
BPLN 3.723 11/28/28
11/28/2028

3.72 500,000
100.00
AFS
05580A4Y7
CD
BMW 4.65 06/15/26
06/15/2026

4.65 240,000
100.00
AFS
06406RAQ0
Corporate
BK 0 3/4 01/28/26
01/28/2026

0.75 500,000
100.00
AFS
09582YAV4
CD
BRBS 4.2 12/28/27
12/28/2027

4.20 240,000
100.00
AFS
11271LAA0
Corporate
BNCN 4 1/4 06/02/26
06/02/2026

4.25 500,000
100.00
AFS
22550L2K6
Corporate
CS 5 07/09/27
07/09/2027

5.00 500,000
100.00
AFS
46625HRS1
Corporate
JPM 3.2 06/15/26
06/15/2026

3.20 500,000
100.00
AFS
46656MVH1
CD
JPM 5 11/30/27
11/30/2027

5.00 240,000
100.00
AFS
61761J3R8
Corporate
MS 3 1/8 07/27/26
07/27/2026

3.13 500,000
100.00
AFS
718172CE7
Corporate
PM 3 1/8 03/02/28
03/02/2028

3.13 500,000
100.00
AFS
75973QAA5
Corporate
RNR 3.45 07/01/27
07/01/2027

3.45 500,000
100.00
AFS
780082AD5
Corporate
RY 4.65 01/27/26
01/27/2026

4.65 500,000
100.00
AFS
797440CE2
Corporate
SRE 4.95 08/15/28
08/15/2028

4.95 500,000
100.00
AFS
808513BW4
Corporate
SCHW 3.3 04/01/27
04/01/2027

3.30 500,000
100.00
AFS
912828YX2
Treasury/Agency
T 1 3/4 12/31/26
12/31/2026

1.75 5,000,000
100.00
AFS
91282CEW7
Treasury/Agency
T 3 1/4 06/30/27
06/30/2027

3.25 5,000,000
100.00
AFS
91282CFM8
Treasury/Agency
T 4 1/8 09/30/27
09/30/2027

4.13 2,500,000
100.00
AFS
91282CGL9
Treasury/Agency
T 4 02/15/26
02/15/2026

4.00 5,000,000
100.00
AFS
91282CHH7
Treasury/Agency
T 4 1/8 06/15/26
06/15/2026

4.13 5,000,000
100.00
AFS
Partial Buy12/2023-3/2024
CUSIP
Sector
Security Description
Maturity
Coupon
Original Face
Book Price
Intent
Redemption Type

PLMDLCAMP
Other
CAMP
04/30/2024

0.30 25,472,001
100.00
AFS
Same CUSIP buys
Securities Sold/Redeemed 12/2023-3/2024
CUSIP
Sector
Security Description
Maturity
Coupon
Original Face
Book Price
Intent
Redemption Type
912828V23
Treasury/Agency
T 2 1/4 12/31/23
12/31/2023

2.25 9,000,000
100.00
AFS
Expired/Matured
9128285U0
Treasury/Agency
T 2 5/8 12/31/23
12/31/2023

2.63 5,000,000
100.00
AFS
Expired/Matured

PLMDLLAIF
Other
LAIF
04/30/2024

0.78 120,013,401
100.00
AFS
Partial Sale
City of Palmdale - Palmdale, CA
As of 3/31/2024

Page 43 of 46 ends

Palmdale City CouncilMay 1, 2024

Palmdale City Council
May 1, 2024