Agenda packet — Palmdale City Council, August 4, 2026 (part 1 of 6)

LEGISLATIVE BODY

ERIC OHLSEN, MAYOR

AUSTIN BISHOP, MAYOR PRO TEM
RICHARD J. LOA, COUNCILMEMBER

LAURA BETTENCOURT, COUNCILMEMBER
ANDREA ALARCÓN, COUNCILMEMBER

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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.

Public Comment Information
Members of the public may speak for up to
two (2) minutes
on the Consent Calendar,
Public Hearings, Appointments, New Business, and Closed Session items. To address

CITY COUNCIL

SUCCESSOR AGENCY

CITY COUNCIL CHAMBER
38300 SIERRA HIGHWAY

SUITE B
PALMDALE, CA 93550

TUESDAY, AUGUST
4, 2026
5:00 PM
www.cityofpalmdaleca.gov

WELCOME
City Council
Tuesday, August
4, 2026
1 the Legislative Body on any agendized item, please complete a speaker card for the City Clerk and indicate the item you wish to speak on. Speaker cards are available in the foyer of the Council Chambers.

Please follow these guidelines to ensure the meeting runs smoothly:

All comments must be respectful and courteous.

Comments that are personal, threatening, obscene, insulting, or that attack others or berate differing viewpoints will not be allowed.

Individuals who violate these rules or disrupt the meeting will be ruled out of order by the Chair and must immediately stop speaking.

Disruptive individuals may be asked to leave the meeting.

1. CALL MEETING TO ORDER

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

2. ROLL CALL

MAYOR OHLSEN, MAYOR PRO TEM BISHOP, COUNCILMEMBERS LOA,

BETTENCOURT, ALARC
Ó
N

3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE

4. NON-AGENDA PUBLIC COMMENTS
-
Now is the time for public participation.

5. CONSENT CALENDAR - Now is the time for public participation

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 Consent Calendar and will be considered separately following this portion of the Agenda.

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

5.2 Receive and File the Monthly and Quarterly Investment Reports for June 2026.

SR Monthly and Quarterly Investment Report June 2026.docx

Rpt. Monthly and Quarterly Investment Report June 2026.pdf

5.3 Approve Second Amendment to agreements with Advanced Avant-Garde, Inc., and Townsend Public Affairs for comprehensive grant-related services, increasing each agreement amount by $102,000, for a not to exceed amount of $210,000 for Advanced Avant-Garde, Inc., and for a not to exceed amount of $228,000 for Townsend Public Affairs for a combined not to exceed total of $438,000, and City Council
Tuesday, August
4, 2026
2 exercise the second option to extend both agreements through December 2027, completing the full three-year term.

SR Agrmt Nos. A-9035 Second Amendment with Advanced Avant-Garde, Inc., and A-9036 Second Amendment with Townsend Public Affairs.docx

Agrmt No. A-9035 Second Amendment with Advanced Avant-Garde Inc.pdf

Agrmt No. A-9035 First Amendment with Advanced Avant Garde, Inc.pdf

Agrmt No. A-9035 with Advanced Avant-Garde, Inc.pdf

Agrmt No. A-9036 Second Amendment with Townsend Public Affairs.pdf

Agrmt No. A-9036 First Amendment with Townsend Public Affairs.pdf

Agrmt No. A-9036 with Townsend Public Affairs.pdf

5.4 Adopt Resolution No. CC 2026-051, a Resolution of the City Council of the City of Palmdale authorizing the acceptance of federal grant funds from the Department of War's Office of local defense community cooperation for the Air Force Plant 42 Readiness Project.

SR Reso. No. CC 2026-051.docx

Reso CC 2026-051.docx

5.5 Adopt Resolution No. CC 2026-046, a Resolution of the City Council of the City of Palmdale, authorizing the execution of a restricted grant agreement with the California Department of Transportation for Palmdale Master Bike Plan through Fiscal Year 2026-27 Sustainable Transportation Planning Grant.

SR Reso. No. CC 2026-046.docx

Reso. No. CC 2026-046.docx

Caltrans Award Letter 05-29-2026.pdf

Existing and Planned Bicycle Network (Fig 6.11).pdf

5.6 Approve Agreements with Bureau Veritas North America Inc., BPR Consulting Group, and Interwest Consulting Group for as-needed plan check and staffing services each in an amount not to exceed $750,000 for a combined total of $2,250,000, and each for two-year terms with the option to extend for three additional one-year terms.

SR Agrmts Nos. A-9964 with Bureau Veritas North America Inc, A-9965 with BPR Consulting Group, and A-9966 with Interwest Consulting Group.docx

Agrmt No. A-9964 with Bureau Veritas North America, Inc.pdf

Proposal Bureau Veritas North America, Inc.pdf

Cost Estimate Bureau Veritas North America, Inc.pdf

Agrmt No. A-9965 with BPR Consulting Group.pdf

Proposal BPR Consulting Group.pdf

Cost Estimate BPR Consulting Group.pdf

Agrmt No. A-9966 with Interwest Consulting Group.pdf

Proposal Interwest Consulting Group.pdf

Cost Estimate Interwest Consulting Group.pdf

5.7 Adopt Resolution No. CC 2026-050, a Resolution of the City Council of the City of Palmdale, approving an Integrated Resource Plan for the Energy for Palmdale's City Council
Tuesday, August
4, 2026
3 Independent Choice Community Choice Aggregation Program.

SR Reso. No. CC 2026-050.docx

Reso. No. CC 2026-050.docx

EPIC 2026 Integrated Resource Plan.docx

5.8 Approve Agreement with Dash Construction Company, Inc., for wrought iron fencing replacement services for a total not to exceed amount of $177,962 for a term of 180 working days from the date of the Notice to Proceed.

SR Agrmt No. A-9718 with Dash Construction Company.docx

Agrmt No. A-9718 with Dash Construction Company.pdf

Bid Schedule.pdf

5.9 Approve Requisition with AAA Oils, Inc., dba California Fuels and Lubricants for diesel and unleaded fuel, motor oil, and lubricants for a total not to exceed amount of $525,000 for Fiscal Year 2026-27.

SR Req. No. 270110 with AAA Oils Inc. dba California Fuels and Lubricants.docx

Req. No. 270110 with AAA Oils, Inc. dba California Fuels and Lubricants.pdf

5.10 Approve the minutes from the previous meeting.

Mins 06 02 2026.pdf

6. PUBLIC HEARING - Now is the time for public participation. Each public hearing will have its own public testimony.

6.1 Adopt Resolutions No. CC 2026-049, a Resolution of the City Council of the City of Palmdale restating in its entirety the City of Palmdale Master schedule of fees and penalties and repealing all prior enactments inconsistent with this Resolution.

SR Reso. No. CC 2026-049 Master Schedule of Fees and Penalties.docx

Reso No. CC 2026-049 Master Schedule of Fees and Penalties.docx

Atch FY 2026-27 Proposed Master Schedule of Fees and Penalties.pdf

7. NEW BUSINESS

7.1 Adopt Resolution No. CC 2026-045, a Resolution of the City Council of the City of Palmdale to delay the Phased Implementation of the Transactions and Use Tax Increase Authorized by AB 2443 and Enacted by Measure PD.

SR Reso. No. CC 2026-045.docx

Reso. No. CC 2026-045.docx

8. CITY MANAGER’S REPORT

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

City Council
Tuesday, August
4, 2026
4 9.1
Discussion on oversight procedures for the City Manager position regarding authority to approve purchases and contracts.

9.2 Discussion of oversight procedures for the City Attorney position regarding billing statements and task assignments.

9.3 Discussion regarding the installation of life-saving automated external defibrillators (AED's) at City facilities.

10. CLOSED SESSION - Now is the time for public participation.

PRESENTATION BY CITY ATTORNEY

10.1 CONFERENCE WITH LEGAL COUNSEL- ANTICIPATED LITIGATION Initiation of litigation: (1 case)
This closed session is being held pursuant to the authority of California Government Code Section 54956.9, paragraph (4) of subdivision (d).

10.2 CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION Kristen Sheils v. City of Palmdale, et al.

Los Angeles Superior Court 25STCV05268
This closed session is being held pursuant to the authority of California Government Code Section 54956.9, subdivision (d)(1).

10.3 CONFERENCE WITH LABOR NEGOTIATORS
Agency designated representatives: Salvador Mendez, City Manager, Linda Daube, Special Counsel, Janelle Samson, Deputy City Manager, and Yvette Barrios, Director of Human Resources
Employee organization: Teamsters Local 986
This closed session is being held pursuant to the authority of California Government Code Section 54957.6.

11. ANNOUNCEMENT BY CITY ATTORNEY

12. ADJOURN
meeting to August 18, 2026, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California.

City Council
Tuesday, August
4, 2026
5 https:/ /attend.wordly.ai/join/SLOR-7400
6 City Council Staff Report

DATE: AUGUST 4, 2026

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 JUNE 2026

RECOMMENDATION

Staff recommend that the City Council:

1. Receive and file the June 2026 monthly and quarterly investment activity reports for the City of Palmdale and Successor Agency.

BACKGROUND

In accordance with Section 16 of the City and Successor Agency Investment Policy, the City Treasurer is required to prepare and present monthly and quarterly investment reports to the City Manager/Executive Director and the City Council/Board of Directors.

These reports include detailed information on each investment, including the investment type, issuer name, purchase date, maturity date, amount invested, and interest rate.

Reporting covers all pooled investments of the City and Successor Agency, as well as Certificates of Participation, Revenue Bonds, Tax Allocation Bonds, Assessment Districts, and Community Facilities District accounts managed by external fiscal agents.

The monthly and quarterly investment reports provide an overview of the City and Successor Agency’ s investment activity and portfolio performance. They summarize total assets, portfolio allocations, average maturities, yields, and book values. The interest rates presented reflect the most current rates available as of the report date.

Market values for pooled City and Successor Agency investments are based on closing prices as of the report date. Pricing information is obtained from reputable sources, including the Wall Street Journal, Bloomberg Financial Markets, Capital Market Finance publications, and other reliable market data providers.

7 Report to Mayor and City Council
Re: Monthly and Quarterly Investment Report June 2026
August 4, 2026

Page 2 ends

DISCUSSION

Compliance with Investment Policy

As of June, the City’s total investment portfolio was valued at $ 356,195,610, reflecting an increase of $ 17,982,924 from the prior month and a n increase of $ 34,912,657 compared to the same period last year. The month -over-month increase is attributable to interest earned and new investment purchases during the month.

The Successor Agency’s portfolio had a par value of $ 9,880,244 as of June, representing a decrease of $ 4,758,659 from the previous month. Th e decrease is primarily attributed to the year -end settlement of interfund balances between the Successor Agency and the General Fund.

All investments are in full compliance with Section 8 of the City’s Investment Policy. The portfolios consist of a diversified mix of authorized investment instruments, including Certificates of Deposit, Corporate Notes, U.S. Treasury Securities, and Government Agency Securities, each maintained within established portfolio percentage limits.

The Finance Division serves as custodian of the City and Successor Agency investment portfolios and adheres to the three primary objectives outlined in the Investment Policy:

 Safeguard principal by investing in financial instruments that mitigate the risk of market-related losses;

 Maintain sufficient liquidity to meet anticipated cash flow needs; and

 Achieve a competitive market rate of return consistent with policy constraints.

Liquidity

Maintaining adequate liquidity to support operational requirements remains a key priority of the Finance Division. To support this objective, the City and Successor Agency invest in two pooled funds: the Local Agency Investment Fund (LAIF) and the California Asset Management Program (CAMP). These funds are designed to support daily operational needs and provide flexibility during periods of economic uncertainty. Their high liquidity ensures that both entities can meet ongoing cash flow demands.

At the end of June, the City’s LAIF balance totaled $ 138,075,321, an increase of $10,000,000 from the prior month due to deposits made from General Fund . The Successor Agency’s LAIF balance was $4,067,226, no changes from the prior month.

The City’s CAMP balance at the end of June was $5 5,117,148, compared to $54,946,995 in May. The increase is due to interest earned during the month. 8 Report to Mayor and City Council
Re: Monthly and Quarterly Investment Report June 2026
August 4, 2026

Page 3 ends

The interest rates presented reflect the most current rates available as of the date of this report. As of June 30, 2026, LAIF and CAMP were earning 3.816 percent and 3.77 percent, respectively. At the end of May, the rates were 3.810 percent for LAIF and 3.76 percent for CAMP. One year ago, LAIF and CAMP rates were 4. 269 percent and 4.40 percent, respectively.

The chart above shows the LAIF and CAMP average monthly yields from September 2025 through June 2026. Both investment pools experienced a gradual decline in yields during th is period, reflecting the overall interest rate environment. CAMP initially provided higher yields than LAIF; however, beginning around December 2025, LAIF yields slightly exceeded CAMP yields and remained relatively more stable through June 2026. CAMP, on the other hand, appeared more sensitive to market fluctuations during this period.

Diversity

The Finance Division seeks to maintain a well -diversified investment portfolio in order to minimize exposure to risks associated with any single security type or financial institution.

The City and Successor Agency portfolios remain appropriately diversified in accordance with the Investment Policy. The accompanying monthly reports detail all investments held by both entities, including current book values as of June 30, 2026.

Based on current projections, both the City and the Successor Agency have sufficient funds to meet anticipated expenditure requirements over the next six months. The

4.21%

4.15% 4.10%

4.03%

3.93%

3.87%

3.83% 3.81% 3.81% 3.82%

4.36%

4.26%

4.10%

3.95%

3.85% 3.83% 3.80% 3.78%

3.76%

3.77%

3.40%

3.50%

3.60%

3.70%

3.80%

3.90%

4.00%

4.10%

4.20%

4.30%

4.40%

4.50%
Q1 Sep Oct Nov Q2 Dec Jan Feb Q3 Mar Apr May Q4 June
Pooled Investments Monthly Yields

LAIF CAMP
9 Report to Mayor and City Council
Re: Monthly and Quarterly Investment Report June 2026
August 4, 2026

Page 4 ends

Finance Division will continue to closely monitor economic conditions and assess their potential impact on interest rates and overall portfolio performance.

Attached are summaries of the investments in the City and Successor Agency’s books as of June 30, 2026.

FISCAL IMPACT

$0; There is no fiscal impact associated with the recommended action 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: Janelle Samson, Deputy City Manager
Certified as to availability of Funds: Janelle Samson, Deputy City Manager Approved by: Salvador Mendez, City Manager
Approved as to form: Alexandra Severino, City Attorney

ATTACHMENTS

Rpt. Monthly and Quarterly Investment Report June 2026
10 CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
JUNE 30, 2026

PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT
U.S. TREASURY SECURITIES Yield
01-03-24 12-31-26 CITY 912828YX2 U.S. Treasury Note 0.04 5,000,000.00$ 4,696,880.23$ 4,848,850.00$ 01-03-24 06-30-27 CITY 91282CEW7 U.S. Treasury Note 0.04 5,000,000.00 4,897,630.28 4,954,900.00 01-03-24 09-30-27 CITY 91282CFM8 U.S. Treasury Note 0.04 2,500,000.00 2,523,771.66 2,522,450.00 12-18-24 09-30-29 CITY 91282CFL0 U.S. Treasury Note 0.39 5,000,000.00 4,977,094.45 5,022,250.00 12-18-24 10-31-29 CITY 91282CFT3 U.S. Treasury Note 0.40 5,000,000.00 4,988,321.47 5,047,050.00 12-18-24 11-30-29 CITY 91282CFY2 U.S. Treasury Note 0.39 5,000,000.00 4,942,086.29 5,021,300.00 01-02-25 12-31-29 CITY 91282CGB1 U.S. Treasury Note 0.39 3,000,000.00 2,949,835.02 3,012,300.00 11-17-25 09-30-30 CITY 91282CPA3 U.S. Treasury Note 3.63 3,000,000.00 3,015,470.91 3,001,130.25 01-23-26 06-30-29 CITY 91282CEV9 US Treasury Note 3.25 1,000,000.00 985,312.50 985,312.50 01-23-26 02-28-30 CITY 91282CGQ8 US Treasury Note 4.00 1,000,000.00 1,008,750.00 1,008,750.00 01-23-26 12-31-30 CITY 91282CJQ5 US Treasury Note 3.75 1,000,000.00 995,937.50 995,937.50 03-05-26 11-15-28 CITY 91282CPK1 US Treasury Note 3.50 2,000,000.00 1,997,812.50 1,997,812.50 03-16-26 04-15-28 CITY 91282CMW8 US Treasury Note 3.75 2,000,000.00 2,001,875.00 2,001,875.00 05-05-26 05-15-28 CITY 91282CND9 U.S. Treasury Note 3.75 2,000,000.00 1,993,750.00 1,993,750.00 05-05-26 10-15-28 CITY 91282CPC9 U.S. Treasury Note 3.50 2,000,000.00 1,980,312.50 1,980,312.50 06-17-26 01-31-28 CITY 91282CGH8 U.S. Treasury Note 3.50 2,000,000.00 1,984,375.00 1,984,375.00 06-23-26 11-30-27 CITY 91282CFZ9 U.S. Treasury Note 3.88 3,000,000.00 2,988,750.00 2,988,750.00 TOTAL U.S. TREASURY SECURITIES 49,500,000.00$ 48,927,965.31$ 49,367,105.25$

GOVERNMENT AGENCY PAPER
12-21-21 12-22-26 CITY 3133ENJC5 Federal Farm Credit 1.29 5,000,000.00 5,000,000.00 4,814,666.55 06-24-22 02-26-27 CITY 3130AL5A8 Federal Home Loan Note 3.33 5,000,000.00 4,479,000.00 4,758,477.85 08-17-22 10-27-26 CITY 3134GW4C7 Freddie Mac 0.80 5,000,000.00 4,539,500.00 4,800,207.95 01-06-23 02-25-27 CITY 3130AQRH8 Federal Home Loan Note 4.38 5,000,000.00 4,590,638.89 4,843,987.40 01-06-23 04-19-27 CITY 3130ARHJ3 Federal Home Loan Note 4.38 5,000,000.00 4,801,354.86 4,925,508.20 08-08-24 08-14-29 CITY 3134HADY6 Freddie Mac Domestic 4.00 4,000,000.00 3,946,000.00 3,971,348.28 12-03-24 12-04-29 CITY 3130B3XP3 Federal Home Loan 4.50 1,000,000.00 1,000,000.00 998,973.31 12-04-24 12-02-27 CITY 3133ERE23 Federal Farm Credit 4.32 1,000,000.00 1,000,000.00 1,003,072.14 01-27-25 07-27-27 CITY 3130B4RC7 Federal Home Loan Bank 4.50 3,000,000.00 3,000,000.00 3,019,381.53 01-28-25 07-21-27 CITY 3130B4QA2 Federal Home Loan Bank 4.55 3,000,000.00 3,000,000.00 3,003,732.24 06-27-25 04-30-29 CITY 3136GAGW3 Fannie Mae 4.75 5,000,000.00 5,000,000.00 4,993,056.90 09-08-25 10-08-27 CITY 3135G05Y5 Fannie Mae NTS 3.31 2,000,000.00 1,897,625.25 1,897,625.25 09-17-25 09-15-28 CITY 3133ETXV4 Federal Farm Credit Bond 3.83 1,400,000.00 1,402,403.14 1,400,000.00 11-17-25 11-06-30 CITY 3130B8BF8 Federal Home Loan 3.95 830,000.00 833,082.01 832,080.25 01-06-26 06-26-30 CITY 3133ET5K9 Federal Farm Credit Bank 4.07 3,000,000.00 2,998,500.00 2,998,500.00 01-06-26 01-06-31 CITY 3136GCCY9 Fannie Mae 4.00 4,000,000.00 4,000,000.00 4,000,000.00 03-05-26 03-05-29 CITY 3133EWFX3 Federal Farm Credit 3.70 2,000,000.00 1,997,000.00 1,997,000.00 03-10-26 09-10-29 CITY 3130B9RD4 Federal Home Loan 4.00 2,000,000.00 2,000,000.00 2,000,000.00 03-10-26 03-10-31 CITY 3134HCXZ7 Freddie Mac 3.70 2,000,000.00 1,988,000.00 1,988,000.00 03-17-26 03-14-28 CITY 3130B9WM8 Federal Home Loan 4.00 2,500,000.00 2,500,000.00 2,500,000.00 03-31-26 02-26-29 CITY 3134HCE96 Freddie Mac 4.21 1,500,000.00 1,500,000.00 1,500,000.00 04-14-26 04-14-31 CITY 3130BA4X2 Federal Home Loan 4.75 1,520,000.00 1,520,000.00 1,520,000.00 04-22-26 04-30-29 CITY 3133EWMX5 Federal Farm Credit 4.03 2,000,000.00 2,000,000.00 2,000,000.00 04-30-26 04-23-31 CITY 3130BAGD3 Federal Home Loan 4.20 2,000,000.00 2,000,000.00 2,000,000.00 05-12-26 11-12-30 CITY 3133EWPC8 Federal Farm Credit 4.30 2,000,000.00 2,000,000.00 2,000,000.00 05-28-26 05-25-29 CITY 3134HCV48 Freddie Mac 4.25 2,000,000.00 2,000,000.00 2,000,000.00 06-16-26 12-15-28 CITY 3130BAW52 Federal Home Loan 4.32 1,890,000.00 1,890,000.00 1,890,000.00 06-24-26 06-15-29 CITY 3130BBAN5 Federal Home Loan 4.50 2,000,000.00 2,000,000.00 2,000,000.00 06-30-26 12-21-28 CITY 3130BB6W0 Federal Home Loan 4.35 2,000,000.00 2,000,000.00 2,000,000.00 TOTAL GOVERNMENT AGENCY PAPER 78,640,000.00$ 76,883,104.15$ 77,655,617.85$

CITY OF PALMDALE INVESTMENTS
11 CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
JUNE 30, 2026

PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT

CERTIFICATES OF DEPOSIT
01-04-24 12-28-28 CITY 09582YAV4 Blue Ridge Bank 4.09 240,000.00 240,948.00 241,135.20 06-13-24 06-13-29 CITY 89235MPP0 Toyota Financial SGS 4.65 245,000.00 245,000.00 250,250.86 01-14-26 01-14-31 CITY 46659CSR2 JP Morgan Chase Bank NA 4.00 250,000.00 250,000.00 250,000.00 02-13-26 02-14-28 CITY 178180HL2 City National Bank Beverly Hills 3.85 250,000.00 250,000.00 250,000.00 02-20-26 02-20-29 CITY 33622PAP8 First Security Bank 3.90 250,000.00 250,000.00 250,000.00 03-05-26 02-25-30 CITY 61778EQC8 Morgan Stanley 3.95 250,000.00 250,000.00 250,000.00 03-11-26 03-12-29 CITY 61776N2D4 Morgan Stanley 3.80 250,000.00 250,000.00 250,000.00 06-10-26 06-12-28 CITY 65504UAM9 Noble Federal Credit 4.10 250,000.00 250,000.00 250,000.00 06-16-26 12-30-27 CITY 77357DAN8 Rockland Federal Credion Union 4.25 250,000.00 250,000.00 250,000.00 06-18-26 06-20-28 CITY 949764XV1 Wells Fargo Bank 4.20 250,000.00 250,000.00 250,000.00 06-18-26 12-18-28 CITY 05612LLE0 BMW Bank of North America 4.25 250,000.00 250,000.00 250,000.00 06-18-26 06-18-29 CITY 53229WAE3 Lighthouse Credit Union 4.40 250,000.00 250,000.00 250,000.00 06-30-26 06-30-29 CITY 17290G5W3 Citi Bank NA 4.50 250,000.00 250,000.00 250,000.00 TOTAL CERTIFICATES OF DEPOSIT 3,235,000.00$ 3,235,948.00$ 3,241,386.06$

CORPORATE BONDS
01-04-24 07-27-26 CITY 61761J3R8 Morgan Stanley 4.70 500,000.00$ 481,185.25$ 493,730.00$ 01-04-24 03-02-28 CITY 718172CE7 Philip Morris Intl Inc 4.49 500,000.00 474,395.25 487,000.00 01-04-24 04-01-27 CITY 808513BW4 Charles Schaw Corp 4.68 500,000.00 479,390.25 492,985.00 01-09-24 07-09-27 CITY 22550L2K6 Crdit Suisse New York 4.92 500,000.00 500,910.25 507,650.00 01-09-24 08-15-28 CITY 797440CE2 San Diego G & E 4.49 500,000.00 509,340.25 510,425.00 01-09-24 07-01-27 CITY 75973QAA5 Reneissance Financial 5.01 500,000.00 475,470.25 492,385.00 08-27-24 02-01-29 CITY 06406RBN6 Bank of NY Mellon Corp 4.20 656,000.00 663,116.29 660,965.92 08-27-25 07-26-29 CITY 06406RBK2 Bank of Melon Corp 4.09 1,000,000.00 1,021,952.92 1,021,952.92 08-27-25 08-09-29 CITY 89236TMK8 Toyota Motor Crdt Corp 4.03 500,000.00 510,587.75 510,587.75 08-27-25 05-13-30 CITY 91324PDX7 United Health Group Inc 4.15 1,000,000.00 914,211.92 914,211.92 01-06-26 11-15-30 CITY 30303MAB8 Meta Platforms Inc Global 4.20 1,500,000.00 1,510,500.00 1,510,500.00 01-06-26 05-06-30 CITY 46647PBD7 JPMorgan Chase & Co 3.70 1,500,000.00 1,482,990.00 1,482,990.00 01-23-26 04-13-29 CITY 023135CG9 Amazon.com Inc 3.45 1,000,000.00 988,500.00 988,500.00 01-23-26 01-23-30 CITY 6174468G7 Morgan Stanley MTN 4.43 1,000,000.00 1,007,000.00 1,007,000.00 01-23-26 01-10-31 CITY 89236TPH2 Toyota Motor Credit Corp 4.20 1,000,000.00 998,300.00 998,300.00 02-12-26 02-12-31 CITY 95004HBB3 Wells Fargo Bank 4.15 2,000,000.00 2,000,000.00 2,000,000.00 02-23-26 02-23-29 CITY 06055JQF9 Bank of America Corp 4.05 2,000,000.00 2,000,000.00 2,000,000.00 03-05-26 11-20-30 CITY 023135CT1 Amazon.com Inc Global 4.10 1,500,000.00 1,510,500.00 1,510,500.00 03-05-26 02-15-31 CITY 02079KBK2 Alphabet Inc Global 4.10 1,000,000.00 1,006,000.00 1,006,000.00 03-05-26 03-21-29 CITY 59217GEZ8 Met Life Glob Funding 3.30 1,500,000.00 1,468,500.00 1,468,500.00 03-12-26 03-12-31 CITY 38151GAJ0 Goldman Sachs Bank 4.10 2,000,000.00 2,000,000.00 2,000,000.00 03-16-26 03-13-31 CITY 023135DD5 Amazon.com Inc Global 4.25 1,500,000.00 1,495,155.00 1,495,155.00 03-16-26 03-13-29 CITY 89236TPQ2 Toyota Motor Credit 4.05 1,000,000.00 997,600.00 997,600.00 04-23-26 05-07-30 CITY 57629TBX4 Massmutual Global 4.55 1,500,000.00 1,507,200.00 1,507,200.00 04-23-26 07-25-28 CITY 64952WFP3 New York Life Global 4.15 1,500,000.00 1,501,050.00 1,501,050.00 05-12-26 05-12-31 CITY 46660NBS1 JP Morgan Chase 4.88 2,000,000.00 2,000,000.00 2,000,000.00 06-23-26 06-15-29 CITY 67066GAQ7 Nvidia Corp 4.35 3,000,000.00 2,990,700.00 2,990,700.00 TOTAL CORPORATE BONDS 32,656,000.00$ 32,494,555.38$ 32,555,888.51$

STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND
09-01-84 n/a CITY 98-19-620 3.83 72,373,759.29$ 72,373,759.29$ 72,373,759.29$ 9-19-2024 n/a PFA 40-19-078 3.83 36,500,000.00 36,500,000.00 51,001,040.71 9-28-2021 n/a ARPA 19-19-004 3.83 14,700,521.41 14,700,521.41 14,700,521.41 TOTAL LAIF ACCOUNTS 123,574,280.70$ 123,574,280.70$ 138,075,321.41$

CAMP- CALIFORNIA ASSET MANAGEMENT PROGRAM
6080-01 n/a CITY 6080-01 3.77% 55,117,147.55$ 55,117,147.55$ 55,117,147.55$ TOTAL CAMP ACCOUNTS 55,117,147.55$ 55,117,147.55$ 55,117,147.55$ 12 CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
JUNE 30, 2026

PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT

UBS FINANCIAL SERVICES
n/a n/a CITY 0.00 183,143.48$ 183,143.48$ 183,143.48$ TOTAL UBS FINANCIAL SERVICES ACCOUNTS 183,143.48$ 183,143.48$ 183,143.48$ TOTAL CITY INVESTMENTS 342,905,571.73$ 340,416,144.57$ 356,195,610.11$

STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND
11-20-84 n/a LIBRARY 16-19-012 3.83 14,368.06$
TOTAL LIBRARY INVESTMENTS 14,368.06$
SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1
Fiscal Agent: U.S. Bank National Association (fka First Trust) 05-10-95 n/a BOND 95421220 0.35 124.93$
05-10-95 n/a IMPROVEMENT 95421222 0.10 181,572.95
TOTAL SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1 181,697.88$

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 -$
04-06-95 n/a IMPV-ACQUI 95420884 0.01 -
04-06-95 n/a BOND 95420887 0.15 0.15
TOTAL RITTER RANCH COMMUNITY FACILITIES DISTRICT 93-1 0.15$

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 0.00 111.07$
08-01-19 n/a RESERVE 242969003 0.00 722,959.79
08-01-19 n/a SP TAX - REFNDING BOND 242969004 0.01 15,152.33 TOTAL ANAVERDE COMMUNITY FACILITIES DISTRICT 2003-1 738,223.19$

BOND PROCEEDS
2005 $7.2M COMMUNITY FACILITIES DISTRICT 05-1 (TRADE AND COMMERCE CENTER) REFUNDED 2021 Fiscal Agent: U.S. Bank National Association (fka First Trust) n/a SPEC TRB SER A/B 251009000 0.01 11,525.96$
n/a RESERVE FUND 251009001 0.01 645,670.14
TOTAL 2005 $7.2M COMMUNITY FACILITIES DISTRICT 05-1 (TRADE AND COMMERCE CENTER) REFUNDED 2021657,196.10$

LIBRARY INVESTMENTS

FISCAL AGENT CASH
13 CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
JUNE 30, 2026

PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT

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 16,995.77$
11-08-06 n/a ADM EXP 106844002 0.01 1,868.42
11-08-06 n/a RESERVE FUND 106844003 0.01 81,381.65
TOTAL 2006-1 GODDE HILL ESTATE SEWER IMPROVEMENTS LOIB 100,245.84$ 2015 HA DEBT SERVICE RESERVE
Fiscal Agent: Bank of America
11-19-15 n/a DEBT SVC RESERVE 1257964992 0.08 41,341.28$ TOTAL 2015 HA DEBT SERVICE RESERVE 41,341.28$

PARS RESTRICTED CASH FOR PENSION STABILIZATION TRUST FUND 05-23-18 n/a CITY 104790895775 Pub. Agency Retirement Svcs.2.60 13,923,186.41$ TOTAL PARS PENSION TRUST FUND 13,923,186.41$

BOND PROCEEDS
2015 HA $4.3M MULTIFAMILY HOUSING REVENUE BONDS
Fiscal Agent: U.S. Bank National Association (fka First Trust) 09-03-15 n/a BOND FUND 277067000 0.00 29,509.18$
09-03-15 n/a INTEREST ACCT 277067001 0.01 20.97
09-03-15 n/a BOND RESERVE 277067003 0.00 281,016.19
09-03-15 n/a REPAIR & REPLACE FUND 277067004 0.00 1,478,759.64 TOTAL 2015 HA $4.3M MULTIFAMILY HOUSING REVENUE BONDS 1,789,305.98$

BOND PROCEEDS
2017 PFA $17.4M LEASE REVENUE BONDS
Fiscal Agent: U.S. Bank National Association (fka First Trust) 04-05-17 n/a REVENUE FUND 271128000 0.00 0.56$
04-05-17 n/a REVENUE REFUNDING BOND 271128001 n/a 0.09
04-05-17 n/a REVENUE REFUNDING BOND 271128002 0.31
TOTAL 2017 PFA $17.4M LEASE REVENUE BONDS 0.96$

BOND PROCEEDS
2023 A&B SERIES ACQUISITION & CONSTRUCTION REVENUE BOND PFA Fiscal Agent: U.S. Bank National Association (fka First Trust) 11-30-23 n/a REVENUE FUND 248041000 11.25$
11-30-23 n/a INTEREST 248041001 387,456.12
11-30-23 n/a PRINCIPAL 248041002 0.80
11-30-23 n/a REVENUE FUND 248041004 13.54
11-30-23 n/a INTEREST 248041007 0.18
11-30-23 n/a REVENUE FUND 248041008 4,800,540.79
TOTAL 2023 A&B SERIES B ACQUISITION & CONSTRUCTION REV BOND 5,188,022.68$ GRAND TOTAL - FISCAL AGENT CASH 22,619,220.47$
14 CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
JUNE 30, 2026

PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED

DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT
Cash on Hand 11,783,131$
Pooled Cash Investments

City: 344,008,013
Insur Fund: 12,187,597 356,195,610$ Library Investments 14,368

Subtotal 367,993,109$

City/AD/CFD/PCA/PFA/HA
Fiscal Agent Cash 22,619,220$

Grand total 390,612,329$

SUMMARY OF CASH AND INVESTMENTS
15 CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
JUNE 30, 2026

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

TRANSACTION INTEREST

DATE DEPOSIT WITHDRAWAL RECEIVED BALANCE
LAIF - CITY ACCOUNT 98-19-620
Beginning Balance 72,373,759.29$
Subtotal -$ -$ -$ 72,373,759.29 LAIF - PFA ACCOUNT 40-19-078
Beginning Balance 41,001,040.71$
06-05-26 10,000,000.00$
Subtotal 10,000,000.00$ -$ -$ 51,001,040.71$ LAIF - LIBRARY ACCOUNT 16-19-012
Beginning Balance 14,368.06$
Subtotal -$ -$ -$ 14,368.06$ LAIF - ARPA ACCOUNT 19-19-004
Beginning Balance 14,700,521.41$
Subtotal -$ -$ -$ 14,700,521.41$ CAMP
Beginning Balance 54,946,994.93$
06-30-26 170,152.62 $
Subtotal -$ -$ 170,152.62$ 55,117,147.55$ UBS Financial Services
Beginning Balance 0.29$
06-30-26 425,089.86 $
06-30-26 7,480,000.00$
06-30-26 (7,721,946.67)$
Subtotal 7,480,000.00$ (7,721,946.67)$ 425,089.86$ 183,143.48$ Total 17,480,000.00$ (7,721,946.67)$ 595,242.48$ 193,389,980.50$ 16 CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
JUNE 30, 2026
TN= US Treasury C = Call
FP= Federal Paper M= Maturity
CD= Certificate of Deposit CB= Corporate Bonds
FACE

PURCHASE MATURITY VALUE INTEREST NET INVESTED GAIN/

ISSUER DATE DATE REDEEMED RECEIVED FUNDS AMOUNT (LOSS)
91282CHH7 U.S. Treasury Note01-08-24 06-15-26 TN 5,000,000.00$ 103,125.00$ 5,103,125.00$ 5,006,000.00$ (6,000.00)$ 05580A4Y7 BMW Bank of NA 01-04-24 06-15-26 CD 240,000.00 5,564.71 245,564.71$ 241,276.80 (1,276.80)$ 38150VUZ0 Goldman Sachs Bank06-11-24 06-11-26 CD 245,000.00 6,169.30 251,169.30$ 247,179.52 (2,179.52)$ 34520LBC6 Forbright Bank 06-14-24 06-15-26 CD 245,000.00 6,203.20 251,203.20$ 247,279.55 (2,279.55)$ 307811KA6 Farmers & Merchs Bank06-14-24 06-14-26 CD 245,000.00 1,040.41 246,040.41$ 246,517.02 (1,517.02)$ 8562855V9 State Bank of India 06-17-24 06-17-26 CD 245,000.00 6,230.38 251,230.38$ 247,345.31 (2,345.31)$ 06051XER9 Bank of America NA06-20-24 06-22-26 CD 245,000.00 67.79 245,067.79$ 247,339.38 (2,339.38)$ 35634MAE1 Freedom Bank/Maywood NJ06-21-24 06-22-26 CD 245,000.00 6,203.20 251,203.20$ 247,339.60 (2,339.60)$ 46625HRS1 JPMorgan Chase & CO01-04-24 06-15-26 CB 500,000.00 8,000.00 508,000.00$ 495,185.00 4,815.00$ 11271LAA0 Brookfield Fin Inc 01-09-24 06-02-26 CB 500,000.00 10,625.00 510,625.00$ 498,735.00 1,265.00$ 7,710,000.00$ 153,228.99$ 7,863,228.99$ 7,724,197.18$ (14,197.18)$ Total Number of Transactions:

POOLED CASH - INVESTMENTS MATURED OR CALLED
17 CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
JUNE 30, 2026
TN= US Treasury
FP = Federal Paper
CD= Certificate of Deposit
CB = Corporate Bonds

ACCRUED
PURCHASE MATURITY FACE PREMIUM / PURCHASE INTEREST NET Yield

ISSUER DATE DATE VALUE (DISCOUNT) PRICE PURCHASED PURCHASE 65504UAM9 Noble Federal Credit Union06-10-26 06-12-28CD 250,000.00$ - 250,000.00$ 250,000.00$ 4.10 77357DAN8 Rockland Federal Credion Union06-16-26 12-30-27CD 250,000.00 - 250,000.00 250,000.00 4.25 3130BAW52 Federal Home Loan 06-16-26 12-15-28FP 1,890,000.00 - 1,890,000.00 1,890,000.00 4.32 91282CGH8 U.S. Treasury Note 06-17-26 01-31-28TN 2,000,000.00 15,625.00 1,984,375.00 26,491.71 2,010,866.71 3.50 949764XV1 Wells Fargo Bank 06-18-26 06-20-28CD 250,000.00 - 250,000.00 250,000.00 4.20 05612LLE0 BMW Bank of North America06-18-26 12-18-28CD 250,000.00 - 250,000.00 250,000.00 4.25 53229WAE3 Lighthouse Credit Union 06-18-26 06-18-29CD 250,000.00 - 250,000.00 250,000.00 4.40 67066GAQ7 Nvidia Corp 06-23-26 06-15-29CB 3,000,000.00 9,300.00 2,990,700.00 1,812.50 2,992,512.50 4.35 91282CFZ9 U.S. Treasury Note 06-23-26 11-30-27TN 3,000,000.00 11,250.00 2,988,750.00 7,305.33 2,996,055.33 3.88 3130BBAN5 Federal Home Loan 06-24-26 06-15-29FP 2,000,000.00 - 2,000,000.00 2,000,000.00 4.50 17290G5W3 Citi Bank NA 06-30-26 06-30-29CD 250,000.00 - 250,000.00 250,000.00 4.50 3130BB6W0 Federal Home Loan 06-30-26 12-21-28FP 2,000,000.00 - 2,000,000.00 2,000,000.00 4.35 15,390,000.00$ 36,175.00$ 15,353,825.00$ 35,609.54$ 15,389,434.54$ Total Number of Transactions:

POOLED CASH - INVESTMENTS PURCHASED
18 SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALMDALE

TREASURER'S REPORT OF INVESTMENTS
June 30, 2026

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 3.83 4,067,226.00$
4,067,226.00$

FISCAL AGENT CASH

BOND PROCEEDS
CRA - 2002 Sub Lien Tax Allocation Bonds $5.3M ($5,329,748.25) Fiscal Agent: U.S. Bank National Association
08-20-02 n/a Reserve Fund 94460700 2.54 529,194.77$
08-20-02 n/a Interest Acct 94460701 0.04 30,879.50
08-20-02 n/a Principal Acct 94460702 0.04 83.32

TOTAL CRA - 2002 Sub Lien Tax Allocation Bonds $5.3M ($5,329,748.25) 560,157.59$

BOND PROCEEDS
2016 SA $31.5M Tax Allocation Refunding Bonds Series A
Fiscal Agent: U.S. Bank National Association (fka First Trust) 04-26-16 n/a Debt Service 245113000 0.00 0.89$
TOTAL 2016 SA $31.5M Tax Allocation Refunding Bonds Series A 0.89$

BOND PROCEEDS
2016 SA $31.5M Tax Allocation Refunding Bonds Series B
Fiscal Agent: U.S. Bank National Association (fka First Trust) 4/26/2016 n/a Debt Service 269424000 0.00 0.52$
TOTAL 2016 SA $31.5M Tax Allocation Refunding Bonds Series B 0.52$ GRAND TOTAL - FISCAL AGENT CASH 560,159.00$

SUMMARY OF CASH AND INVESTMENTS
Cash on Hand 5,252,859$ 5,256,488.85$
($3,630)
Pooled Cash Investments 4,067,226 $0
5,252,858.85$
Successor Agency Fiscal Agent Cash 560,159 *

Grand total 9,880,244$

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

TREASURER'S REPORT OF INVESTMENTS
June 30, 2026

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

TRANSACTION INTEREST

DATE DEPOSIT WITHDRAWAL RECEIVED BALANCE
LAIF - SA ACCOUNT 65-19-035
Beginning Balance 4,067,226.00
Subtotal -$ -$ -$ 4,067,226.00$ 20 City of Palmdale: Flagship Lite
Palmdale, CA
As of Date: 06/30/2026
Pricing as of: 06/30/2026
Date of Analysis: 07/15/2026
21 Portfolio Overview
Portfolio Attributes
Curr. Face
357,223
Mkt. Value
355,437
Book Value
354,734
Est. Gain/Loss
703
Ave. Mkt. Price

99.50 Ave. Bk. Price

99.30 Eff. Dur.

0.93 Eff. Conv.
-0.15
OAS

12.9 Mkt YTP

4.04 Bk YTP

4.93 WAL

1.13 Line Items
88 City of Palmdale: Flagship Lite - Palmdale, CA

Page 2 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
22 Duration / Convexity
Eff. Dur.

0.93 Eff. Conv.
-0.15
City of Palmdale: Flagship Lite - Palmdale, CA

Page 3 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
23 Portfolio Sector Summary
Market
%
Book
Market
Est
Eff
Eff Dur
% Δ
in Price
Sector
Par Value
Value
Port
Price
Price
G/L
Conv
Bk Yld
Mkt Yld
+50
Base
-50
+50
Base
-50
Cash & Other
193,192
193,192

54.1%
100.00
100.00
0 0.00

3.82 3.82

0.09 0.09

0.09 0.0%
0 0.0%
Berm Call
50,410
49,870

14.1%

96.72 98.93
1,116
-0.54

9.71 4.30

1.53 1.28

0.97 -0.7%
0 0.6%
Treasury Note
49,500
49,018

13.9%

98.84 99.03
90 0.08

5.13 4.15

2.22 2.23

2.24 -1.1%
0 1.1%
Finance
21,156
20,941

5.9%

99.71 98.98
-154
-0.13

5.72 4.58

2.73 2.64

2.54 -1.4%
0 1.3%
Amer Call
17,230
17,009

4.8%
100.01

98.72 -222
-0.54

3.23 4.36

1.87 1.62

1.30 -0.9%
0 0.7%
Euro Call
9,000
8,988

2.5%
100.00

99.86 -12
-2.12

4.27 4.32

1.92 1.35

0.64 -0.9%
0 0.5%
Services
7,500
7,293

2.1%

99.00 97.25
-131

0.17 4.09

4.56 3.75

3.76 3.77
-1.9%
0 1.9%
Industrial
3,500
3,478

1.0%

99.00 99.37
13 0.07

4.73 4.49

2.54 2.54

2.54 -1.3%
0 1.3%
NCD
3,235
3,226

0.9%
100.03

99.72 -10
-0.20

4.15 4.25

2.18 2.07

1.94 -1.1%
0 1.0%
Agency Bullet
2,000
1,916

0.6%

94.88 95.79
18 0.03

4.95 4.18

1.23 1.24

1.24 -0.6%
0 0.6%
Utility
500
504

0.1%
101.87
100.79
-5

0.03 3.99

4.54 1.91

1.91 1.91
-1.0%
0 1.0%
Portfolio Totals
357,223
355,437
100.0%

99.30 99.50
703
-0.15

4.93 4.04

1.00 0.93

0.85 -0.5%
0 0.5%
City of Palmdale: Flagship Lite - Palmdale, CA

Page 4 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
24 Agency/Sovereign - Summary
Book
Market
G/L $
G/L %
WAL
% Px
Δ
Dur
Cvx
Sector
Par
Maturity
Price
Price
Base
Base
Base
-50
Base
Base
Subsector
%
Value
Cpn
Next Call
Value
Yield
Value
Yield
+ 100
+ 100
+ 100
+100
AFS %

2.4 yrs

98.84 99.03
90 0.2%

2.40 1.1

2.23 0.08
Treasury (17)

38.6%
49,500

3.54 48,928

5.13 49,018

4.15 -989
-2.0%

2.40 -2.2

99.0%

1.3 yrs

94.88 95.79
18 1.0%

1.27 0.6

1.24 0.03
Agency Bullet (1)

1.6%
2,000

0.75 1,898

4.95 1,916

4.18 -5
-0.3%

1.27 -1.2

95.8%

2.3 yrs

97.84 98.99
882

1.2%

1.96 0.6

1.37 -0.72
Callable Agency (28)

59.8%
76,640

3.34 0.4 yrs
74,985

7.57 75,868

4.32 -354
-0.5%

2.22 -1.6

99.0%

2.3 yrs

98.18 98.96
991

0.8%

2.12 0.8

1.70 -0.40
Total (46)
100.0%
128,140

3.38 0.4 yrs
125,811

6.58 126,802

4.25 -1,348
-1.1%

2.28 -1.8

99.0%
City of Palmdale: Flagship Lite - Palmdale, CA

Page 5 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
25 Corporate - Summary
Rating
Book
Market
G/L $
G/L %
WAL
% Px
Δ
Dur
Cvx
Sector
Par
Moody's
Price
Price
Base
Base
Base
-50
Base
Base
Subsector
%
Value
Cpn
Maturity
S&P
Value
Yield
Value
Yield
+ 100
+ 100
+ 100
+100
AFS %
Aa3

99.71 98.98
-154
-0.7%

3.16 1.3

2.64 -0.13
Finance (18)

64.8%
21,156

4.15 3.4 yrs
A+
21,095

5.72 20,941

4.58 -724
-3.4%

3.21 -2.7

99.0%
Aa1

99.00 99.37
13 0.4%

2.78 1.3

2.54 0.07
Industrial (2)

10.7%
3,500

4.18 2.8 yrs
AA
3,465

4.73 3,478

4.49 -75
-2.2%

2.78 -2.5

99.4%
Aa3

99.00 97.25
-131
-1.8%

4.19 1.9

3.76 0.17
Services (6)

23.0%
7,500

3.78 4.2 yrs
AA
7,425

4.09 7,293

4.56 -402
-5.4%

4.20 -3.7

97.2%
A1
101.87
100.79
-5
-1.1%

2.04 1.0

1.91 0.03
Utility (1)

1.5%
500

4.95 2.1 yrs
A
509

3.99 504

4.54 -15
-3.0%

2.13 -1.9
100.8%
Aa3

99.51 98.65
-278
-0.9%

3.33 1.4

2.87 -0.04
Total (27)
100.0%
32,656

4.08 3.5 yrs
AA-
32,495

5.22 32,216

4.57 -1,215
-3.7%

3.37 -2.9

98.7%
City of Palmdale: Flagship Lite - Palmdale, CA

Page 6 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
26 Peer Group Comparison
As of
Book
G/L
Book
Average Life
% Price Change
Effective
UST
Fix
Fix
Flt
Agy
Sm
Prv
%
Peer
Date
Value
%
Yield
Base
-50
+100
-50
+50
+100
Dur
Cvx
Agy
MBS
ARM
CMO
CMO
CMBS
Bus.

Label
Muni
Corp
CD
Other
Fixed
1 04/26
332,357
-0.2

3.62 2.3

2.5 -2.1

2.1 -0.1
94%
0%
0%
0%
0%
0%
0%
0%
5%
0%
1%
0%
100%
2 06/26
282,696
-0.6

3.81 2.1

2.2 -1.9

2.0 0.0
34%
0%
0%
0%
0%
0%
0%
0%
30%
29%
7%
0%
100%
3 05/26
271,621
-0.4

3.97 1.8

1.8 -1.7

1.7 0.0
52%
0%
0%
0%
0%
6%
0%
14%
0%
27%
0%
0%
94%
4 06/26
256,713
-2.3

6.6 7.4

0.0 3.7

0.4 0%
2%
0%
0%
0%
31%
67%
0%
0%
0%
0%
0%
34%
5 03/26
231,342
-0.4

3.37 2.4

2.4 -2.2

2.2 0.1
71%
0%
0%
0%
0%
0%
0%
0%
11%
9%
9%
0%
100%
6 04/26
480,944
-0.2

3.57 2.1

2.2 -2.0

2.0 0.0
75%
0%
0%
0%
0%
0%
0%
0%
16%
9%
0%
0%
100%
7 05/26
215,723
-0.6

3.71 1.9

0.7 2.7

0.6 -0.9
-1.9

1.5 -1.1
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
8 05/26
215,723
-0.9

3.71 2.3

2.8 -1.9

1.6 -0.8
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
9 05/26
189,231
-0.1

4.23 2.5

2.7 -2.3

2.3 0.0
78%
0%
0%
0%
0%
0%
0%
0%
0%
2%
19%
0%
100%
10 05/26
179,077
-0.7

3.41 2.1

2.4 -1.8

1.5 -0.4
58%
0%
0%
0%
0%
0%
0%
0%
7%
27%
8%
0%
100%
11 06/26
162,726
-0.8

4.41 3.6

4.0 -2.5

2.4 -0.2
1%
8%
10%
9%
13%
17%
14%
0%
9%
20%
0%
0%
74%
12 05/26
162,461
-0.8

3.94 2.5

2.6 -2.2

2.2 -0.1
71%
0%
0%
0%
0%
0%
0%
0%
13%
15%
1%
0%
100%
13 06/26
159,481
-2.5

2.3 4.0

0.0 1.8
-0.4
84%
2%
0%
3%
5%
2%
1%
0%
1%
1%
0%
0%
94%
14 05/26
159,290
-0.3

4.02 1.6

1.8 -1.3

1.2 -0.2
20%
0%
0%
0%
0%
2%
0%
0%
27%
4%
2%
44%
100%
15 05/26
151,786

2.1 5.83

2.5 2.5
-2.2

2.3 0.1
61%
0%
0%
0%
0%
0%
0%
0%
10%
30%
0%
0%
100%
16 06/26
151,643

0.2 6.07

1.2 1.2
-1.0

1.0 -0.1
56%
0%
0%
0%
0%
19%
0%
0%
0%
21%
3%
0%
100%
17 04/26
151,000
-1.0

1.8 0.0

1.7 -0.9
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
18 06/26
132,110
-0.6

3.93 2.1

2.1 -1.8

1.8 0.0
28%
0%
0%
0%
0%
19%
0%
0%
0%
0%
23%
30%
100%
19 06/26
118,716
-1.1

3.76 2.5

2.6 -2.2

2.1 -0.1
58%
1%
0%
0%
0%
10%
0%
9%
0%
14%
8%
0%
99%
20 05/26
117,724
-0.5

4.35 3.5

3.5 -3.1

3.1 0.1
5%
0%
0%
0%
0%
64%
0%
0%
5%
12%
13%
0%
100%
21 06/26
102,156
-10.0

5.9 7.5

0.0 5.2

0.1 8%
12%
0%
1%
0%
11%
8%
0%
56%
3%
0%
0%
98%
22 04/26
101,383

0.0 3.32

1.7 1.7
-1.5

1.6 0.0
79%
0%
0%
0%
0%
0%
0%
0%
0%
20%
0%
0%
100%
23 06/26
86,791
-0.7

4.3 6.4

0.0 3.2
-0.5
20%
15%
13%
8%
0%
0%
10%
0%
33%
1%
0%
0%
86%
24 03/26
73,660
-6.3

4.5 5.0

0.0 3.6
-0.2
22%
11%
0%
5%
9%
0%
0%
0%
53%
0%
0%
0%
91%
25 06/26
71,319
-5.9

9.0 14.4

0.0 5.8
-0.6
1%
22%
0%
2%
7%
0%
7%
0%
56%
6%
0%
0%
86%
Avg
182,307
-1.4

4.06 3.0

0.7 3.7

0.6 -0.9
-1.4

2.4 -0.2
51%
3%
1%
1%
1%
7%
4%
1%
13%
10%
4%
3%
94%
Port
06/26
354,734

0.2 4.93

1.1 0.9

1.2 0.5
-0.5
-1.0

0.9 -0.1
35%
0%
0%
0%
0%
0%
0%
0%
0%
9%
1%
54%
99%
Diff
172,427

1.6 0.87
-1.9

0.3 -2.5
-0.2

0.4 0.4
-1.4

0.0 -16%
-3%
-1%
-1%
-1%
-7%
-4%
-1%
-13%
-1%
-3%
52%
5%
* 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: Flagship Lite - Palmdale, CA

Page 7 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
27 Monthly Cashflow Profile - Next 30 Months
City of Palmdale: Flagship Lite - Palmdale, CA

Page 8 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
28 Monthly Cashflow Rate Shock - Next 30 Months
City of Palmdale: Flagship Lite - Palmdale, CA

Page 9 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
29 Annual Cashflow Profile
City of Palmdale: Flagship Lite - Palmdale, CA

Page 10 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
30 Annual Cashflow Rate Shock
City of Palmdale: Flagship Lite - Palmdale, CA

Page 11 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
31 5-Year Quarterly Principal Cash Flow Projections
5-Year Quarterly Principal Cash Flow Projections
Percentage of Total Cash Flow Projections
Period
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
3Q26
196.7
196.7
196.7
196.7
201.7
205.7
55%
55%
55%
55%
56%
58%
4Q26

15.0 15.0

16.0 16.0

17.0 22.4
59%
59%
60%
60%
61%
64%
1Q27

10.0 10.0

10.0 11.0

11.5 10.3
62%
62%
62%
63%
64%
67%
2Q27

10.5 10.5

16.4 14.5
65%
65%
65%
66%
69%
71%
3Q27

3.5 3.5

6.5 6.5

9.0 6.5
66%
66%
67%
67%
72%
73%
4Q27

6.5 6.5

6.5 8.0

5.5 5.5
68%
68%
69%
70%
73%
74%
1Q28

5.9 5.9

5.9 7.3

4.9 3.4
69%
69%
71%
72%
74%
75%
2Q28

4.5 4.5

4.5 6.8

4.8 14.4
71%
71%
72%
74%
76%
79%
3Q28

8.4 8.4

12.3 9.9

5.4 6.0
73%
73%
75%
76%
77%
81%
4Q28

8.1 8.1

6.3 6.3

4.5 6.3
75%
75%
77%
78%
79%
83%
1Q29

9.5 9.5

9.5 8.0

13.8 7.8
78%
78%
80%
80%
82%
85%
2Q29

13.2 13.2

11.2 10.5

11.0 6.7
82%
82%
83%
83%
85%
87%
3Q29

15.5 15.5

12.5 12.5

6.5 11.5
86%
86%
86%
87%
87%
90%
4Q29

14.0 14.0

13.0 13.0

15.0 13.0
90%
90%
90%
90%
92%
93%
1Q30

1.3 1.3

4.3 5.3
90%
90%
90%
91%
93%
95%
2Q30

5.5 5.5

6.5 3.6
92%
92%
92%
92%
95%
96%
3Q30

3.0 3.0

4.5 3.0

3.0 3.0
93%
93%
93%
93%
95%
97%
4Q30

6.8 6.8

6.8 8.8

5.1 4.0
95%
95%
95%
96%
97%
98%
1Q31

13.8 15.3

13.8 13.8

11.5 7.5
98%
99%
99%
99%
100%
100%
2Q31

5.5 4.0

4.0 2.0
-
-
100%
100%
100%
100%
-
-
In Millions
12-Month Principal Cash Flow Projections
Percentage of Total Cash Flow Projections
Period
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
Jul 26
196.7
196.7
196.7
196.7
196.7
196.7
55%
55%
55%
55%
55%
55%
Aug 26

0.0 0.0

5.0 6.5
55%
55%
55%
55%
56%
56%
Sep 26

0.0 0.0

0.0 2.5
55%
55%
55%
55%
56%
56%
Oct 26

5.0 5.0

5.0 6.5
56%
56%
56%
56%
58%
58%
Nov 26

0.0 0.0

0.0 0.0
56%
56%
56%
56%
58%
58%
Dec 26

10.0 10.0

11.0 11.0

12.0 15.9
59%
59%
60%
60%
61%
61%
Jan 27

0.0 0.0

1.5 0.0
59%
59%
60%
60%
62%
62%
Feb 27

10.0 10.0

10.0 11.0

10.0 10.3
62%
62%
62%
63%
64%
64%
Mar 27

0.0 0.0

0.0 0.0
62%
62%
62%
63%
64%
64%
Apr 27

5.5 5.5

5.5 5.5
64%
64%
64%
64%
66%
66%
May 27

0.0 0.0

0.0 2.0
64%
64%
64%
64%
66%
66%
Jun 27

5.0 5.0

10.9 7.0
65%
65%
65%
66%
69%
69%
City of Palmdale: Flagship Lite - Palmdale, CA

Page 12 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
32 Cash Flow and Rolloff Yield - Next 12 Months
Yield Rolloff
Month
Begin BY
Principal CF
Rolloff Yld
Ending BY
Jul 2026

4.93 196,692

3.97 6.12
Aug 2026

6.12 0

6.12 Sep 2026

6.12 0

6.12 Oct 2026

6.12 5,000

32.93 5.33
Nov 2026

5.33 0

5.33 Dec 2026

5.33 11,000

7.51 5.17
Jan 2027

5.17 0

5.17 Feb 2027

5.17 11,000

15.80 4.36
Mar 2027

4.36 0

4.36 Apr 2027

4.36 5,500

8.45 4.19
May 2027

4.19 0

4.19 Jun 2027

4.19 5,000

5.38 4.14
Shocked Principal and Interest Cash Flow Analysis
Year
Mod Up Stp
+100
+50
+25
-25
-50
Mod Dn Flt
Jul 2026
198,282
198,282
198,282
198,282
198,282
198,282
198,282
Aug 2026
423
423
423
423
5,423
6,923
5,423
Sep 2026
535
535
535
535
535
3,035
535
Oct 2026
5,435
5,435
5,435
5,435
5,435
6,955
6,955
Nov 2026
523
523
523
523
523
523
523
Dec 2026
11,573
10,573
10,573
11,573
12,573
16,463
18,988
Jan 2027
322
322
322
322
1,860
322
322
Feb 2027
10,428
10,428
10,428
10,428
10,326
10,544
11,826
Mar 2027
534
534
534
534
534
484
484
Apr 2027
5,914
5,914
5,914
5,914
5,877
5,876
5,877
May 2027
523
523
523
523
523
2,522
523
Jun 2027
5,467
5,467
5,467
5,467
11,357
7,382
7,383
City of Palmdale: Flagship Lite - Palmdale, CA

Page 13 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
33 Sector Cash Flow - Next 12 Months
Jul 26
Aug 26
Sep 26
Oct 26
Nov 26
Dec 26
Jan 27
Feb 27
Mar 27
Apr 27
May 27
Jun 27
Bk Yld Chg
Treasury/Agency
Cash Flow
3,250
301
393
5,399
329
11,482
183
11,313
393
5,377
329
5,363
End BY

6.63 6.63

6.63 5.62

5.62 5.43

5.43 4.36

4.36 4.16

4.16 4.09
-2.54
Corporate
Cash Flow
633
108
132
32 190
71 125
107
132
532
190
72 End BY

4.37 4.37

4.37 4.30

4.30 4.30
-0.07
CD
Cash Flow
4 14
9 4
4 20
14 14
9 4
4 32
End BY

4.15 4.15

0.00 Other
Cash Flow
194,395
End BY
Total
Cash Flow
198,282
423
535
5,435
523
11,573
322
11,435
534
5,914
523
5,467
End BY

6.12 6.12

6.12 5.33

5.33 5.17

5.17 4.36

4.36 4.19

4.19 4.14
-1.98
City of Palmdale: Flagship Lite - Palmdale, CA

Page 14 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
34 Cash Flow and Rolloff Yield - Next 3 Years
Yield Rolloff
Quarter
Begin BY
Principal CF
Rolloff Yld
Ending BY
3Q26

4.93 196,692

3.97 6.12
4Q26

6.12 16,000

15.08 5.17
1Q27

5.17 11,000

15.80 4.36
2Q27

4.36 10,500

6.97 4.14
3Q27

4.14 6,500

4.38 4.13
4Q27

4.13 7,990

4.29 4.12
1Q28

4.12 7,296

4.32 4.11
2Q28

4.11 6,750

4.07 4.11
3Q28

4.11 9,900

4.06 4.11
4Q28

4.11 6,250

3.93 4.13
1Q29

4.13 8,000

4.01 4.14
2Q29

4.14 10,515

4.26 4.12
Shocked Principal and Interest Cash Flow Analysis
Quarter
Mod Up Stp
+100
+50
+25
-25
-50
Mod Dn Flt
3Q26
199,240
199,240
199,240
199,240
204,240
208,240
204,240
4Q26
17,531
16,531
16,531
17,531
18,531
23,941
26,466
1Q27
11,285
11,285
11,285
11,285
12,720
11,350
12,632
2Q27
11,903
11,903
11,903
11,903
17,757
15,780
13,783
3Q27
4,703
4,703
4,703
7,703
10,101
7,516
9,540
4Q27
6,718
6,718
6,718
6,718
6,553
6,508
6,510
1Q28
4,426
4,426
4,426
4,426
5,824
4,289
4,292
2Q28
5,579
5,579
5,579
5,579
5,748
15,375
9,110
3Q28
9,340
8,830
9,340
9,340
6,227
6,734
9,028
4Q28
5,194
5,194
5,194
5,194
5,364
6,966
7,071
1Q29
8,489
8,489
8,489
8,489
14,488
8,339
10,349
2Q29
9,796
9,796
9,796
9,796
11,770
7,365
9,658
City of Palmdale: Flagship Lite - Palmdale, CA

Page 15 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
35 Sector Cash Flow - Next 3 Years
3Q26
4Q26
1Q27
2Q27
3Q27
4Q27
1Q28
2Q28
3Q28
4Q28
1Q29
2Q29
Bk Yld Chg
Treasury/Agency
Cash Flow
3,945
17,210
11,889
11,069
6,310
8,439
6,574
6,760
8,506
6,642
2,445
5,047
End BY

6.63 5.43

4.36 4.09

4.10 4.08

4.06 4.06

4.07 4.08

4.10 4.09
-2.55
Corporate
Cash Flow
873
293
365
794
1,365
286
1,500
286
2,319
286
5,771
5,765
End BY

4.37 4.37

4.37 4.30

4.23 4.23

4.20 4.20

4.21 4.21

4.23 4.22
-0.15
CD
Cash Flow
27 29
37 40
28 519
285
783
15 266
523
504
End BY

4.15 4.15

4.15 4.16

4.19 4.14

4.14 4.13

4.25 3.96
-0.19
Other
Cash Flow
194,395
End BY
Total
Cash Flow
199,240
17,531
12,292
11,903
7,703
9,243
8,358
7,829
10,840
7,194
8,739
11,315
End BY

6.12 5.17

4.36 4.14

4.13 4.12

4.11 4.11

4.11 4.13

4.14 4.12
-2.00
City of Palmdale: Flagship Lite - Palmdale, CA

Page 16 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
36 Cash Flow and Rolloff Yield - Next 10 Years
Yield Rolloff
Year
Begin BY
Principal CF
Rolloff Yld
Ending BY
2026

4.93 212,692

4.77 5.17
2027

5.17 35,990

8.44 4.12
2028

4.12 30,196

4.10 4.13
2029

4.13 44,015

4.17 4.08
2030

4.08 18,580

4.08 4.08
2031

4.08 15,750

4.08 2032
2033
2034
2035
Shocked Principal and Interest Cash Flow Analysis
Year
Mod Up Stp
+100
+50
+25
-25
-50
Mod Dn Flt
2026
216,772
215,772
215,772
216,772
222,772
232,182
230,707
2027
35,645
35,698
35,698
38,645
47,131
41,154
42,466
2028
33,286
31,375
31,373
33,151
23,163
33,364
29,501
2029
52,239
55,329
55,329
49,104
48,793
41,069
45,423
2030
19,411
17,909
17,909
19,411
19,767
16,568
16,584
2031
18,124
19,680
19,662
18,124
11,726
7,643
7,643
City of Palmdale: Flagship Lite - Palmdale, CA

Page 17 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
37 Sector Cash Flow - Next 10 Years
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
Bk Yld Chg
Treasury/Agency
Cash Flow
21,155
37,708
28,483
32,338
11,487
8,159
End BY

5.43 4.08

4.08 3.94

4.01 Corporate
Cash Flow
1,166
2,809
4,390
13,381
8,078
7,651
End BY

4.37 4.23

4.21 4.26

4.16 CD
Cash Flow
56 624
1,349
1,032
265
260
End BY

4.15 4.16

4.13 3.96

3.96 Other
Cash Flow
194,395
End BY
Total
Cash Flow
216,772
41,141
34,222
46,751
19,829
16,070
End BY

5.17 4.12

4.13 4.08

4.08 City of Palmdale: Flagship Lite - Palmdale, CA

Page 18 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
38 Gap Analysis - Potential Income Impact of Principal Reinvestment Assumed
Estimated
Income
Resulting
Reinvestment
Annualized
Difference from
Book
Yield
Income
Current Book
Yield

0.25 585
-11,926

1.59 0.50
1,171
-11,341

1.75 0.75
1,756
-10,755

1.92 1.00
2,342
-10,170

2.08 1.25
2,927
-9,584

2.25 1.50
3,513
-8,999

2.41 1.75
4,098
-8,413

2.57 2.00
4,684
-7,828

2.74 2.25
5,269
-7,242

2.90 2.50
5,855
-6,657

3.07 2.75
6,440
-6,071

3.23 3.00
7,026
-5,486

3.39 3.25
7,611
-4,900

3.56 3.50
8,197
-4,315

3.72 3.75
8,782
-3,730

3.88 4.00
9,368
-3,144

4.05 4.25
9,953
-2,559

4.21 4.50
10,539
-1,973

4.38 4.75
11,124
-1,388

4.54 5.00
11,710
-802

4.70 5.25
12,295
-217

4.87 5.50
12,881
369

5.03 5.75
13,466
954

5.20 6.00
14,052
1,540

5.36 6.25
14,637
2,125

5.52 6.50
15,223
2,711

5.69 6.75
15,808
3,296

5.85 7.00
16,393
3,882

6.02 7.25
16,979
4,467

6.18 7.50
17,564
5,053

6.34 7.75
18,150
5,638

6.51 8.00
18,735
6,224

6.67 Principal Maturing(12 Mo.Horizon): $234,192
Current Book Yield of Principal Maturing: 5.34%
Est. Annual Income at Current Book Yield: $12,512
City of Palmdale: Flagship Lite - Palmdale, CA

Page 19 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
39 Effective Duration - Instantaneous Rate Shock
City of Palmdale: Flagship Lite - Palmdale, CA

Page 20 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
40 % Px Chng - Instantaneous Rate Shock
City of Palmdale: Flagship Lite - Palmdale, CA

Page 21 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
41 Total Returns - 12mo Horizon
City of Palmdale: Flagship Lite - Palmdale, CA

Page 22 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
42 Book Yield / Duration
*Only securities >=$1mm shown
City of Palmdale: Flagship Lite - Palmdale, CA

Page 23 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
43 Market Yield / Duration
*Only securities >=$1mm shown
City of Palmdale: Flagship Lite - Palmdale, CA

Page 24 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
44 Total Return / Duration
*Only securities >=$1mm shown
City of Palmdale: Flagship Lite - Palmdale, CA

Page 25 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
45 OAS / Duration
*Only securities >=$1mm shown
City of Palmdale: Flagship Lite - Palmdale, CA

Page 26 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
46 Agency/Sovereign Option - Adjusted Analysis
Bond
Security
Original
Current
Next
Proj.

Par
Book
Mkt
Est.
at Book Price
at Market
Price
Eff
Eff
ID #
CUSIP
Description
Structure
Structure
Call Date
Redemp
Value
Price
Price
G/L
YTPC
YTM
YTPC
YTM
OAS
Dur
Conv
1 3130B4QA2
FHLB 4.55 07/21/28

3.5YrNC1.5Yr
2YrNC1mo
07/21/26
07/21/26
3,000
100.00
100.04
1 4.50

4.50 3.86

3.86 19.6

0.06 0.00
5 3134GW4C7
FHLMC 0.8 10/27/26
6YrNC3mo Berm

0.25YrNC1mo Berm
07/27/26
10/27/26
5,000

90.79 98.97
409

32.93 32.93

4.02 4.02

16.5 0.33

0.00 6
3133ENJC5
FFCB 1.29 12/22/26
5YrNC2Yr Amer

0.5YrNC1mo Amer
07/22/26
12/22/26
5,000
100.00

98.68 -66

1.29 1.29

4.12 4.12

19.8 0.48

0.00 7
912828YX2
T 1 3/4 12/31/26
7Yr Bullet

0.5Yr Bullet
12/31/26
5,000

93.94 98.91
249

14.77 14.77

3.96 3.96

2.5 0.50

0.01 8
3130AQRH8
FHLB 2 02/25/27
5YrNC3mo Berm

0.5YrNC1mo Berm
08/25/26
02/25/27
5,000

91.81 98.61
340

15.67 15.67

4.18 4.18

19.5 0.64

0.01 9
3130AL5A8
FHLB 0.9 02/26/27
6YrNC3mo Berm

0.5YrNC1mo Berm
08/26/26
02/26/27
5,000

89.58 97.90
416

18.49 18.49

4.17 4.17

19.0 0.65

0.01 11
3130ARHJ3
FHLB 3.175 04/19/27
5YrNC1mo

0.75YrNC1mo
08/19/26
04/19/27
5,000

96.03 99.24
160

8.39 8.39

4.15 4.15

15.7 0.76
-0.04
12 3133ERE23
FFCB 4.32 12/02/27
3YrNC2Yr Amer

1.5YrNC5mo Amer
12/02/26
02/01/27
1,000
100.00

99.91 -1

4.32 4.32

4.49 4.39

11.5 0.85
-0.37
15 91282CEW7
T 3 1/4 06/30/27
5Yr Bullet
1Yr Bullet
06/30/27
5,000

97.95 99.16
61 5.38

5.38 4.11

4.11 10.2

0.97 0.02
16 3130B3XP3
FHLB 4 1/2 12/04/29
5YrNC2Yr 1x

3.5YrNC5mo 1x
12/04/26
12/04/26
1,000
100.00
100.05
1 4.49

4.50 4.37

4.48 12.2

0.99 -1.99
17 3130B9WM8
FHLB 4 03/14/28
2YrNC6mo Berm

1.75YrNC2mo Berm
09/14/26
12/14/27
2,500
100.00

99.50 -13

4.00 4.00

4.36 4.30

14.2 1.14
-0.75
18 91282CFM8
T 4 1/8 09/30/27
5Yr Bullet

1.25Yr Bullet
09/30/27
2,500
100.95

99.97 -25

3.35 3.35

4.15 4.15

13.9 1.19

0.03 19
3135G05Y5
FNMA 0 3/4 10/08/27
7Yr Bullet

1.25Yr Bullet
10/08/27
2,000

94.88 95.79
18 4.95

4.95 4.18

4.18 16.9

1.24 0.03
20 3130BB6W0
FHLB 4.35 12/21/28

2.5YrNC6mo Berm

2.5YrNC5mo Berm
12/21/26
03/21/28
2,000
100.00

99.68 -6

4.35 4.35

4.55 4.49

18.2 1.29
-0.84
21 3130BAW52
FHLB 4.32 12/15/28

2.5YrNC6mo Berm

2.5YrNC5mo Berm
12/15/26
03/15/28
1,890
100.00

99.64 -7

4.32 4.32

4.54 4.47

17.8 1.30
-0.91
22 3136GAGW3
FNMA 4.1 08/10/28

3.25YrNC1.3Yr 1x
2YrNC1mo 1x
08/10/26
08/10/28
5,000
100.00

99.71 -15

4.10 4.10

4.24 4.24

20.8 1.30
-2.78
24 91282CFZ9
T 3 7/8 11/30/27
5Yr Bullet

1.5Yr Bullet
11/30/27
3,000

99.63 99.62
0 4.15

4.15 4.15

4.15 14.4

1.36 0.03
27 3134HCE96
FHLMC 4.21 02/26/29
3YrNC5mo Berm

2.5YrNC1mo Berm
08/26/26
08/26/28
1,500
100.00

99.42 -9

4.21 4.21

4.49 4.44

19.4 1.47
-1.28
28 3130BA4X2
FHLB 4 3/4 04/14/31
5YrNC6mo

4.75YrNC3mo
10/14/26
04/14/29
1,520
100.00

99.70 -5

4.75 4.75

4.86 4.82

23.8 1.49
-1.55
29 91282CGH8
T 3 1/2 01/31/28
5Yr Bullet

1.5Yr Bullet
01/31/28
2,000

99.22 98.98
-5

4.02 4.02

4.18 4.18

16.2 1.50

0.04 31
3130B4RC7
FHLB 4 1/2 07/27/29

4.5YrNC2.5Yr 1x
3YrNC1Yr 1x
07/27/27
07/27/27
3,000
100.00
100.06
2 4.50

4.50 4.44

4.48 17.7

1.55 -1.07
32 3130BBAN5
FHLB 4 1/2 06/15/29
3YrNC1Yr Berm
3YrNC11mo Berm
06/15/27
06/15/28
2,000
100.00

99.88 -2

4.50 4.50

4.56 4.54

19.2 1.56
-0.72
34 3133ETXV4
FFCB 3.83 09/15/28
3YrNC1Yr Amer

2.25YrNC2mo Amer
09/15/26
09/15/28
1,400
100.17

98.93 -17

3.75 3.75

4.34 4.34

21.3 1.58
-0.69
35 91282CMW8
T 3 5/8 04/15/28
3Yr Bullet

1.75Yr Bullet
04/15/28
2,000
100.09

99.29 -16

3.70 3.70

4.17 4.17

16.8 1.70

0.05 37
3134HCV48
FHLMC 4 1/4 05/25/29
3YrNC1Yr Berm

2.75YrNC10mo Berm
05/25/27
11/25/28
2,000
100.00

99.33 -13

4.25 4.25

4.54 4.50

27.4 1.77
-0.86
38 91282CND9
T 3 5/8 05/15/28
3Yr Bullet

1.75Yr Bullet
05/15/28
2,000

99.69 99.26
-9

3.92 3.92

4.16 4.16

16.7 1.78

0.05 41
3133EWMX5
FFCB 4.03 04/30/29
3YrNC1Yr Amer

2.75YrNC10mo Amer
04/30/27
04/29/29
2,000
100.00

98.97 -21

4.03 4.03

4.42 4.42

24.3 1.85
-0.57
42 3134HADY6
FHLMC 4 08/14/29
5YrNC6mo Berm
3YrNC1mo Berm
08/14/26
08/14/29
4,000

98.65 98.86
9 4.47

4.47 4.39

4.39 21.2

1.90 -0.85
45 3130B9RD4
FHLB 4 09/10/29

3.5YrNC6mo Berm

3.25YrNC2mo Berm
09/10/26
09/10/29
2,000
100.00

98.86 -23

4.00 4.00

4.39 4.39

19.9 1.93
-0.88
47 3133EWFX3
FFCB 3.7 03/05/29
3YrNC1Yr Amer

2.75YrNC8mo Amer
03/05/27
03/05/29
2,000

99.85 98.37
-30

3.76 3.76

4.35 4.35

26.0 1.97
-0.46
48 91282CPC9
T 3 1/2 10/15/28
3Yr Bullet

2.25Yr Bullet
10/15/28
2,000

99.02 98.54
-9

3.95 3.95

4.17 4.17

19.9 2.16

0.07 49
91282CPK1
T 3 1/2 11/15/28
3Yr Bullet

2.25Yr Bullet
11/15/28
2,000

99.89 98.50
-28

3.55 3.55

4.17 4.17

20.0 2.24

0.07 53
3133ET5K9
FFCB 4.07 06/26/30

4.5YrNC6mo Amer
4YrNC1mo Amer
07/22/26
06/26/30
3,000

99.95 98.51
-43

4.08 4.08

4.48 4.48

28.9 2.35
-1.31
60 3130BAGD3
FHLB 4.2 04/23/31
5YrNC1Yr

4.75YrNC9mo
04/23/27
04/23/31
2,000
100.00

98.70 -26

4.20 4.20

4.50 4.50

25.9 2.56
-1.47
62 3136GCCY9
FNMA 4 01/06/31
5YrNC1Yr

4.5YrNC6mo
01/06/27
01/06/31
4,000
100.00

98.20 -72

4.00 4.00

4.44 4.44

28.1 2.69
-1.05
64 3130B8BF8
FHLB 3.95 11/06/30
5YrNC1Yr Amer

4.25YrNC4mo Amer
11/06/26
11/06/30
830
100.37

97.89 -21

3.86 3.86

4.49 4.49

33.1 2.71
-0.92
67 3133EWPC8
FFCB 4.3 11/12/30

4.5YrNC2Yr Amer

4.25YrNC1.8Yr Amer
05/12/28
10/11/30
2,000
100.00

98.84 -23

4.30 4.30

4.60 4.59

40.4 2.80
-0.59
68 91282CEV9
T 3 1/4 06/30/29
7Yr Bullet
3Yr Bullet
06/30/29
1,000

98.53 97.44
-11

3.77 3.77

4.17 4.17

23.5 2.81

0.11 70
91282CFL0
T 3 7/8 09/30/29
7Yr Bullet

3.25Yr Bullet
09/30/29
5,000

99.54 99.11
-22

4.03 4.03

4.17 4.17

24.9 2.98

0.12 72
91282CFT3
T 4 10/31/29
7Yr Bullet

3.25Yr Bullet
10/31/29
5,000

99.77 99.46
-15

4.08 4.08

4.18 4.18

25.6 3.06

0.13 73
91282CFY2
T 3 7/8 11/30/29
7Yr Bullet

3.5Yr Bullet
11/30/29
5,000

98.84 99.04
10 4.24

4.24 4.18

4.18 26.2

3.15 0.13
City of Palmdale: Flagship Lite - Palmdale, CA

Page 27 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
47 Agency/Sovereign Option - Adjusted Analysis
Bond
Security
Original
Current
Next
Proj.

Par
Book
Mkt
Est.
at Book Price
at Market
Price
Eff
Eff
ID #
CUSIP
Description
Structure
Structure
Call Date
Redemp
Value
Price
Price
G/L
YTPC
YTM
YTPC
YTM
OAS
Dur
Conv
74 3134HCXZ7
FHLMC 3.7 03/10/31
5YrNC1Yr

4.75YrNC8mo
03/10/27
03/10/31
2,000

99.40 97.20
-44

3.84 3.84

4.37 4.37

29.3 3.20
-0.95
75 91282CGB1
T 3 7/8 12/31/29
7Yr Bullet

3.5Yr Bullet
12/31/29
3,000

98.33 99.02
21 4.40

4.40 4.18

4.18 26.5

3.23 0.14
77 91282CGQ8
T 4 02/28/30
7Yr Bullet

3.75Yr Bullet
02/28/30
1,000
100.88

99.41 -15

3.74 3.74

4.17 4.17

26.7 3.32

0.15 81
91282CPA3
T 3 5/8 09/30/30
5Yr Bullet

4.25Yr Bullet
09/30/30
3,000
100.52

97.81 -81

3.49 3.49

4.19 4.19

29.7 3.85

0.19 86
91282CJQ5
T 3 3/4 12/31/30
7Yr Bullet

4.5Yr Bullet
12/31/30
1,000

99.59 98.16
-14

3.85 3.85

4.21 4.21

31.2 4.08

0.21 128,140

98.18 98.96
991

6.58 6.58

4.25 4.25

20.4 1.70
-0.40
City of Palmdale: Flagship Lite - Palmdale, CA

Page 28 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
48 Corporate Bond Option - Adjusted Analysis
Bond
Security
Maturity
Opt
Cpn
Industry
Par
Book
Mkt
Book
Market
Eff
Eff
ID #
CUSIP
Description
Ticker
Cpn
Date
Call
Type
Sector
Mdy
S&P
Value
Price
Price
Yield
Yield
WAL
OAS
Dur
Conv
2 61761J3R8
MS 3 1/8 07/27/26
MS

3.13 07/27/26
N
Fixed
Finance
A1
A-
500

96.24 99.88

61.39 4.71

0.08 101.7

0.07 0.00
10 808513BW4
SCHW 3.3 04/01/27
SCHW

3.30 04/01/27
Y
Fixed
Finance
A2
A-
500

95.88 99.34

9.08 4.20

0.75 21.0

0.71 -0.05
13 75973QAA5
RNR 3.45 07/01/27
RNR

3.45 07/01/27
Y
Fixed
Finance
A3
A-
500

95.09 99.14

8.66 4.33

1.00 30.5

0.93 -0.04
14 22550L2K6
UBS 5 07/09/27
UBS

5.00 07/09/27
N
Fixed
Finance
Aa2
A+
500
100.18
100.62

4.81 4.38

1.03 36.1

0.96 0.02
33 718172CE7
PM 3 1/8 03/02/28
PM

3.13 03/02/28
Y
Fixed
Industrial
A2
A-
500

94.88 97.76

6.40 4.53

1.67 50.4

1.56 0.01
43 797440CE2
SRE 4.95 08/15/28
SRE

4.95 08/15/28
Y
Fixed
Utility
A1
A
500
101.87
100.79

3.99 4.54

2.04 52.6

1.91 0.03
44 64952WFP3
NYLIN 4.15 07/25/28
NYLIN

4.15 07/25/28
N
Fixed
Finance
Aa1
AA+
1,500
100.07

99.27 4.11

4.52 2.07

52.3 1.92

0.06 46
06055JQF9
BAC 4.05 02/23/29
BAC

4.05 02/23/29
Y
Fixed
Finance
A1
A-
2,000
100.00

98.41 4.08

4.73 2.65

63.1 1.96
-0.46
52 06406RBN6
BK 4.543 02/01/29
BK

4.54 02/01/29
Y
Variable
Finance
Aa3
A
656
101.08
100.06

3.83 4.50

1.59 -67.8

2.34 0.02
54 6174468G7
MS 4.431 01/23/30
MS

4.43 01/23/30
Y
Variable
Finance
A1
A-
1,000
100.70

99.15 4.14

4.79 2.56

80.8 2.35

0.08 55
46660NBS1
JPM 4 7/8 05/12/31
JPM

4.88 05/12/31
Y
Fixed
Finance
A1
A
2,000
100.00

98.80 4.87

5.18 4.37

84.6 2.47
-1.25
56 89236TPQ2
TOYOTA 4.05 03/13/29
TOYOTA

4.05 03/13/29
N
Fixed
Finance
A1
A+
1,000

99.76 98.85

4.14 4.51

2.70 55.0

2.49 0.09
58 59217GEZ8
MET 3.3 03/21/29
MET

3.30 03/21/29
N
Fixed
Finance
Aa3
AA-
1,500

97.90 96.65

4.12 4.62

2.73 66.5

2.54 0.09
59 023135CG9
AMZN 3.45 04/13/29
AMZN

3.45 04/13/29
Y
Fixed
Services
A1
AA
1,000

98.85 97.53

3.89 4.40

2.79 43.9

2.56 0.05
61 46647PBD7
JPM 3.702 05/06/30
JPM

3.70 05/06/30
Y
Variable
Finance
A1
A
1,500

98.87 97.31

4.13 4.72

2.85 76.3

2.65 0.10
63 67066GAQ7
NVDA 4.35 06/15/29
NVDA

4.35 06/15/29
Y
Fixed
Industrial
Aa1
AA
3,000

99.69 99.64

4.46 4.48

2.96 52.4

2.70 0.08
69 89236TMK8
TOYOTA 4.55 08/09/29
TOYOTA

4.55 08/09/29
N
Fixed
Finance
A1
A+
500
102.12

99.88 3.82

4.59 3.11

64.5 2.82

0.11 71
95004HBB3
WFC 4.15 02/12/31
WFC

4.15 02/12/31
Y
Fixed
Finance
Aa2
A+
2,000
100.00
100.00

4.15 4.15

4.62 -4.2

3.06 -0.44
78 57629TBX4
MASSMU 4.55 05/07/30
MASSMU

4.55 05/07/30
N
Fixed
Finance
Aa3
AA+
1,500
100.48

99.25 4.41

4.76 3.85

84.4 3.47

0.16 79
06406RBK2
BK 4.596 07/26/30
BK

4.60 07/26/30
Y
Variable
Finance
Aa3
A
1,000
102.20

99.79 3.83

4.67 3.07

10.4 3.55

0.10 80
91324PDX7
UNH 2 05/15/30
UNH

2.00 05/15/30
N
Fixed
Services
A2
A+
1,000

91.42 91.01

4.43 4.56

3.88 64.5

3.64 0.17
82 30303MAB8
META 4.2 11/15/30
META

4.20 11/15/30
Y
Fixed
Services
Aa3
AA-
1,500
100.70

98.31 4.02

4.63 4.38

71.2 3.90

0.19 83
023135CT1
AMZN 4.1 11/20/30
AMZN

4.10 11/20/30
Y
Fixed
Services
A1
AA
1,500
100.70

98.24 3.92

4.55 4.39

63.2 3.92

0.19 84
89236TPH2
TOYOTA 4.2 01/10/31
TOYOTA

4.20 01/10/31
N
Fixed
Finance
A1
A+
1,000

99.83 98.11

4.24 4.67

4.53 75.7

3.99 0.21
85 02079KBK2
GOOGL 4.1 02/15/31
GOOGL

4.10 02/15/31
Y
Fixed
Services
Aa2
AA+
1,000
100.60

98.29 3.96

4.51 4.63

60.0 4.07

0.20 87
023135DD5
AMZN 4 1/4 03/13/31
AMZN

4.25 03/13/31
Y
Fixed
Services
A1
AA
1,500

99.68 98.47

4.33 4.62

4.62 70.2

4.12 0.20
88 38151GAJ0
GS 4.1 03/12/31
GS

4.10 03/12/31
N
Fixed
Finance
NR
A+
2,000
100.00
100.00

4.10 4.10

4.70 21.3

4.17 0.23

4.08 32,656

99.51 98.65

5.22 4.57

3.33 53.0

2.87 -0.04
City of Palmdale: Flagship Lite - Palmdale, CA

Page 29 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
49 CD Option - Adjusted Analysis
Bond
Security
Maturity
Opt
Cpn
Industry
Par
Book
Mkt
Book
Market
Eff
Eff
ID #
CUSIP
Description
Ticker
Cpn
Date
Call
Type
Sector
Value
Price
Price
Yield
Yield
WAL
OAS
Dur
Conv
23 53229WAE3
LGHOF 4.4 06/18/29
LGHOF

4.40 06/18/29
Y
Fixed
NCD
250
100.00

99.74 4.45

4.54 2.97

14.9 1.32
-0.98
25 77357DAN8
ROCKN 4 1/4 12/30/27
ROCKN

4.25 12/30/27
N
Fixed
NCD
250
100.00
100.22

4.29 4.14

1.50 13.0

1.42 0.03
26 09582YAV4
RICBVA 4.2 12/28/27
RICBVA

4.20 12/28/27
N
Fixed
NCD
240
100.40
100.09

3.93 4.14

1.49 13.3

1.43 0.03
30 178180HL2
RY 3.85 02/14/28
RY

3.85 02/14/28
N
Fixed
NCD
250
100.00

99.56 3.86

4.14 1.62

13.0 1.53

0.04 36
33622PAP8
OLMST 3.9 02/20/29
OLMST

3.90 02/20/29
Y
Fixed
NCD
250
100.00

98.98 3.94

4.37 2.56

18.9 1.71
-0.81
39 65504UAM9
NOBLF 4.1 06/12/28
NOBLF

4.10 06/12/28
N
Fixed
NCD
250
100.00
100.01

4.14 4.14

1.95 14.3

1.83 0.05
40 949764XV1
WFC 4.2 06/20/28
WFC

4.20 06/20/28
N
Fixed
NCD
250
100.00
100.20

4.24 4.14

1.97 14.4

1.85 0.05
50 17290G5W3
C 4 1/2 06/30/29
C

4.50 06/30/29
Y
Fixed
NCD
250
100.00
100.00

4.46 4.46

2.00 31.8

2.25 -0.25
51 05612LLE0
BMWG 4 1/4 12/18/28
BMWG

4.25 12/18/28
N
Fixed
NCD
250
100.00
100.22

4.26 4.16

2.47 20.0

2.31 0.08
57 61776N2D4
MS 3.8 03/12/29
MS

3.80 03/12/29
N
Fixed
NCD
250
100.00

99.06 3.80

4.17 2.70

22.8 2.50

0.09 65
89235MPP0
TOYFBN 4.65 06/13/29
TOYFBN

4.65 06/13/29
N
Fixed
NCD
245
100.00
101.30

4.65 4.18

2.95 24.5

2.72 0.10
66 46659CSR2
JPM 4 01/14/31
JPM

4.00 01/14/31
Y
Fixed
NCD
250
100.00

97.92 3.96

4.47 4.54

30.1 2.76
-1.16
76 61778EQC8
MS 3.95 02/25/30
MS

3.95 02/25/30
N
Fixed
NCD
250
100.00

99.14 3.96

4.21 3.65

30.0 3.31

0.15 4.16
3,235
100.03

99.72 4.15

4.25 2.49

20.1 2.07
-0.20
City of Palmdale: Flagship Lite - Palmdale, CA

Page 30 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
50 Book Yield Table - Instantaneous Rate Shock
Projected Call Date - Instantaneous Rate Shock
Book Yield Table - Instantaneous Rate Shock
Bond
Security
Original
Par
Book
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
1 3130B4QA2
FHLB 4.55 07/21/28

3.5YrNC1.5Yr
3,000
100.00
7/21/26
7/21/26
7/21/26
7/21/26
7/21/26
7/21/26

4.50 4.50

4.50 4.50
2 61761J3R8
MS 3 1/8 07/27/26
10YrNC6mo
500

96.24 7/27/26
7/27/26
7/27/26
7/27/26
7/27/26
7/27/26

61.39 61.39

61.39 61.39
3 PALM1LAIF
LAIF
138,075
100.00
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26

3.83 3.83

3.83 3.83
4 PALM1CAMP
CAMP Accounts
55,117
100.00
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26

3.79 3.79

3.79 3.79
5 3134GW4C7
FHLMC 0.8 10/27/26
6YrNC3mo Berm
5,000

90.79 10/27/26
10/27/26
10/27/26
10/27/26
10/27/26
10/27/26

32.93 32.93

32.93 32.93
6 3133ENJC5
FFCB 1.29 12/22/26
5YrNC2Yr Amer
5,000
100.00
12/22/26
12/22/26
12/22/26
12/22/26
12/22/26
12/22/26

1.29 1.29

1.29 1.29
7 912828YX2
T 1 3/4 12/31/26
7Yr Bullet
5,000

93.94 12/31/26
12/31/26
12/31/26
12/31/26
12/31/26
12/31/26

14.77 14.77

14.77 14.77
8 3130AQRH8
FHLB 2 02/25/27
5YrNC3mo Berm
5,000

91.81 2/25/27
2/25/27
2/25/27
2/25/27
2/25/27
2/25/27

15.67 15.67

15.67 15.67
9 3130AL5A8
FHLB 0.9 02/26/27
6YrNC3mo Berm
5,000

89.58 2/26/27
2/26/27
2/26/27
2/26/27
2/26/27
2/26/27

18.49 18.49

18.49 18.49
10 808513BW4
SCHW 3.3 04/01/27

5.5YrNC5.3Yr Amer
500

95.88 4/1/27
4/1/27
4/1/27
4/1/27
4/1/27
4/1/27

9.08 9.08

9.08 9.08
11 3130ARHJ3
FHLB 3.175 04/19/27
5YrNC1mo
5,000

96.03 4/19/27
4/19/27
4/19/27
4/19/27
4/19/27
4/19/27

8.39 8.39

8.39 8.39
12 3133ERE23
FFCB 4.32 12/02/27
3YrNC2Yr Amer
1,000
100.00
12/2/27
12/2/27
10/1/27
2/1/27
12/2/26
12/2/26

4.32 4.32

4.31 4.31
13 75973QAA5
RNR 3.45 07/01/27
10YrNC9.8Yr Amer
500

95.09 7/1/27
7/1/27
7/1/27
7/1/27
7/1/27
7/1/27

8.66 8.66

8.66 8.66
14 22550L2K6
UBS 5 07/09/27
5Yr Bullet
500
100.18
7/9/27
7/9/27
7/9/27
7/9/27
7/9/27
7/9/27

4.81 4.81

4.81 4.81
15 91282CEW7
T 3 1/4 06/30/27
5Yr Bullet
5,000

97.95 6/30/27
6/30/27
6/30/27
6/30/27
6/30/27
6/30/27

5.38 5.38

5.38 5.38
16 3130B3XP3
FHLB 4 1/2 12/04/29
5YrNC2Yr 1x
1,000
100.00
12/4/29
12/4/29
12/4/26
12/4/26
12/4/26
12/4/26

4.50 4.50

4.49 4.49

4.49 4.49
17 3130B9WM8
FHLB 4 03/14/28
2YrNC6mo Berm
2,500
100.00
3/14/28
3/14/28
3/14/28
12/14/27
9/14/27
9/14/26

4.00 4.00

4.00 3.98
18 91282CFM8
T 4 1/8 09/30/27
5Yr Bullet
2,500
100.95
9/30/27
9/30/27
9/30/27
9/30/27
9/30/27
9/30/27

3.35 3.35

3.35 3.35
19 3135G05Y5
FNMA 0 3/4 10/08/27
7Yr Bullet
2,000

94.88 10/8/27
10/8/27
10/8/27
10/8/27
10/8/27
10/8/27

4.95 4.95

4.95 4.95
20 3130BB6W0
FHLB 4.35 12/21/28

2.5YrNC6mo Berm
2,000
100.00
12/21/28
12/21/28
9/21/28
3/21/28
6/21/27
12/21/26

4.35 4.35

4.35 4.35
21 3130BAW52
FHLB 4.32 12/15/28

2.5YrNC6mo Berm
1,890
100.00
12/15/28
12/15/28
9/15/28
3/15/28
6/15/27
12/15/26

4.32 4.32

4.32 4.32
22 3136GAGW3
FNMA 4.1 08/10/28

3.25YrNC1.3Yr 1x
5,000
100.00
8/10/28
8/10/28
8/10/28
8/10/28
8/10/26
8/10/26

4.10 4.10

4.07 4.07
23 53229WAE3
LGHOF 4.4 06/18/29
3YrNC6mo
250
100.00
6/18/29
6/18/29
6/18/29
6/18/29
6/18/29
2/8/27

4.45 4.45

4.45 4.48
24 91282CFZ9
T 3 7/8 11/30/27
5Yr Bullet
3,000

99.63 11/30/27
11/30/27
11/30/27
11/30/27
11/30/27
11/30/27

4.15 4.15

4.15 4.15
25 77357DAN8
ROCKN 4 1/4
12/30/27

1.5Yr Bullet
250
100.00
12/30/27
12/30/27
12/30/27
12/30/27
12/30/27
12/30/27

4.29 4.29

4.29 4.29
26 09582YAV4
RICBVA 4.2 12/28/27
4Yr Bullet
240
100.40
12/28/27
12/28/27
12/28/27
12/28/27
12/28/27
12/28/27

3.93 3.93

3.93 3.93
27 3134HCE96
FHLMC 4.21 02/26/29
3YrNC5mo Berm
1,500
100.00
2/26/29
2/26/29
2/26/29
8/26/28
2/26/28
8/26/26

4.21 4.21

4.21 4.19
28 3130BA4X2
FHLB 4 3/4 04/14/31
5YrNC6mo
1,520
100.00
4/14/31
1/14/31
7/14/30
4/14/29
1/14/27
10/14/26

4.75 4.75

4.75 4.73
29 91282CGH8
T 3 1/2 01/31/28
5Yr Bullet
2,000

99.22 1/31/28
1/31/28
1/31/28
1/31/28
1/31/28
1/31/28

4.02 4.02

4.02 4.02
30 178180HL2
RY 3.85 02/14/28
2Yr Bullet
250
100.00
2/14/28
2/14/28
2/14/28
2/14/28
2/14/28
2/14/28

3.86 3.86

3.86 3.86
31 3130B4RC7
FHLB 4 1/2 07/27/29

4.5YrNC2.5Yr 1x
3,000
100.00
7/27/29
7/27/29
7/27/27
7/27/27
7/27/27
7/27/27

4.50 4.50

4.50 4.50
32 3130BBAN5
FHLB 4 1/2 06/15/29
3YrNC1Yr Berm
2,000
100.00
6/15/29
6/15/29
12/15/28
6/15/28
6/15/27
6/15/27

4.50 4.50

4.50 4.50
33 718172CE7
PM 3 1/8 03/02/28

10.25YrNC10.1Yr
Amer
500

94.88 3/2/28
3/2/28
3/2/28
3/2/28
3/2/28
3/2/28

6.40 6.40

6.40 6.40
City of Palmdale: Flagship Lite - Palmdale, CA

Page 31 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
51 Book Yield Table - Instantaneous Rate Shock
Projected Call Date - Instantaneous Rate Shock
Book Yield Table - Instantaneous Rate Shock
Bond
Security
Original
Par
Book
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
34 3133ETXV4
FFCB 3.83 09/15/28
3YrNC1Yr Amer
1,400
100.17
9/15/28
9/15/28
9/15/28
9/15/28
9/15/28
4/14/28

3.75 3.75

3.75 3.73
35 91282CMW8
T 3 5/8 04/15/28
3Yr Bullet
2,000
100.09
4/15/28
4/15/28
4/15/28
4/15/28
4/15/28
4/15/28

3.70 3.70

3.70 3.70
36 33622PAP8
OLMST 3.9 02/20/29
3YrNC6mo
250
100.00
2/20/29
2/20/29
2/20/29
1/20/29
10/20/28
4/20/28

3.94 3.94

3.94 3.94
37 3134HCV48
FHLMC 4 1/4 05/25/29
3YrNC1Yr Berm
2,000
100.00
5/25/29
5/25/29
5/25/29
11/25/28
8/25/28
5/25/27

4.25 4.25

4.25 4.25
38 91282CND9
T 3 5/8 05/15/28
3Yr Bullet
2,000

99.69 5/15/28
5/15/28
5/15/28
5/15/28
5/15/28
5/15/28

3.92 3.92

3.92 3.92
39 65504UAM9
NOBLF 4.1 06/12/28
2Yr Bullet
250
100.00
6/12/28
6/12/28
6/12/28
6/12/28
6/12/28
6/12/28

4.14 4.14

4.14 4.14
40 949764XV1
WFC 4.2 06/20/28
2Yr Bullet
250
100.00
6/20/28
6/20/28
6/20/28
6/20/28
6/20/28
6/20/28

4.24 4.24

4.24 4.24
41 3133EWMX5
FFCB 4.03 04/30/29
3YrNC1Yr Amer
2,000
100.00
4/30/29
4/30/29
4/30/29
4/29/29
4/29/29
4/29/28

4.03 4.03

4.03 4.03
42 3134HADY6
FHLMC 4 08/14/29
5YrNC6mo Berm
4,000

98.65 8/14/29
8/14/29
8/14/29
8/14/29
2/14/29
8/14/28

4.47 4.47

4.55 4.67
43 797440CE2
SRE 4.95 08/15/28
5YrNC4.9Yr Amer
500
101.87
8/15/28
7/15/28
7/15/28
7/15/28
7/15/28
7/15/28

4.02 3.99

3.99 3.99

3.99 3.99
44 64952WFP3
NYLIN 4.15 07/25/28
3Yr Bullet
1,500
100.07
7/25/28
7/25/28
7/25/28
7/25/28
7/25/28
7/25/28

4.11 4.11

4.11 4.11
45 3130B9RD4
FHLB 4 09/10/29

3.5YrNC6mo Berm
2,000
100.00
9/10/29
9/10/29
9/10/29
9/10/29
3/10/29
6/10/28

4.00 4.00

4.00 4.00
46 06055JQF9
BAC 4.05 02/23/29
3YrNC1Yr
2,000
100.00
2/23/29
2/23/29
2/23/29
2/23/29
2/23/29
10/23/28

4.08 4.08

4.08 4.08
47 3133EWFX3
FFCB 3.7 03/05/29
3YrNC1Yr Amer
2,000

99.85 3/5/29
3/5/29
3/5/29
3/5/29
3/5/29
1/4/29

3.76 3.76

3.76 3.76
48 91282CPC9
T 3 1/2 10/15/28
3Yr Bullet
2,000

99.02 10/15/28
10/15/28
10/15/28
10/15/28
10/15/28
10/15/28

3.95 3.95

3.95 3.95
49 91282CPK1
T 3 1/2 11/15/28
3Yr Bullet
2,000

99.89 11/15/28
11/15/28
11/15/28
11/15/28
11/15/28
11/15/28

3.55 3.55

3.55 3.55
50 17290G5W3
C 4 1/2 06/30/29
3YrNC2Yr 1x
250
100.00
6/30/29
6/30/29
6/30/29
6/30/28
6/30/28
6/30/28

4.45 4.45

4.45 4.46

4.46 4.46
51 05612LLE0
BMWG 4 1/4 12/18/28

2.5Yr Bullet
250
100.00
12/18/28
12/18/28
12/18/28
12/18/28
12/18/28
12/18/28

4.26 4.26

4.26 4.26
52 06406RBN6
BK 4.543 02/01/29
6YrNC5Yr 1x
656
101.08
2/1/28
2/1/28
2/1/28
2/1/28
2/1/28
2/1/28

3.83 3.83

3.83 3.83
53 3133ET5K9
FFCB 4.07 06/26/30

4.5YrNC6mo Amer
3,000

99.95 6/26/30
6/26/30
6/26/30
6/26/30
1/25/30
7/25/29

4.08 4.08

4.09 4.09
54 6174468G7
MS 4.431 01/23/30
11YrNC10Yr 1x
1,000
100.70
1/23/29
1/23/29
1/23/29
1/23/29
1/23/29
1/23/29

4.14 4.14

4.14 4.14
55 46660NBS1
JPM 4 7/8 05/12/31
5YrNC1Yr
2,000
100.00
5/12/31
5/12/31
5/12/31
11/12/30
11/12/29
5/12/28

4.87 4.87

4.87 4.87
56 89236TPQ2
TOYOTA 4.05
03/13/29
3YrNC1mo
1,000

99.76 3/13/29
3/13/29
3/13/29
3/13/29
3/13/29
3/13/29

4.14 4.14

4.14 4.14
57 61776N2D4
MS 3.8 03/12/29
3Yr Bullet
250
100.00
3/12/29
3/12/29
3/12/29
3/12/29
3/12/29
3/12/29

3.80 3.80

3.80 3.80
58 59217GEZ8
MET 3.3 03/21/29
7Yr Bullet
1,500

97.90 3/21/29
3/21/29
3/21/29
3/21/29
3/21/29
3/21/29

4.12 4.12

4.12 4.12
59 023135CG9
AMZN 3.45 04/13/29
7YrNC6.8Yr Amer
1,000

98.85 4/13/29
4/13/29
4/13/29
4/13/29
4/13/29
4/13/29

3.89 3.89

3.89 3.89
60 3130BAGD3
FHLB 4.2 04/23/31
5YrNC1Yr
2,000
100.00
4/23/31
4/23/31
4/23/31
4/23/31
4/23/30
4/23/28

4.20 4.20

4.20 4.20
61 46647PBD7
JPM 3.702 05/06/30
11YrNC10Yr 1x
1,500

98.87 5/6/29
5/6/29
5/6/29
5/6/29
5/6/29
5/6/29

4.13 4.13

4.13 4.13
62 3136GCCY9
FNMA 4 01/06/31
5YrNC1Yr
4,000
100.00
1/6/31
1/6/31
1/6/31
1/6/31
1/6/31
1/6/30

4.00 4.00

4.00 4.00
63 67066GAQ7
NVDA 4.35 06/15/29
3YrNC2.9Yr Amer
3,000

99.69 6/15/29
6/15/29
6/15/29
6/14/29
5/15/29
5/15/29

4.46 4.46

4.47 4.47
64 3130B8BF8
FHLB 3.95 11/06/30
5YrNC1Yr Amer
830
100.37
11/6/30
11/6/30
11/6/30
11/6/30
10/5/30
4/5/30

3.86 3.86

3.85 3.84
65 89235MPP0
TOYFBN 4.65
06/13/29
5Yr Bullet
245
100.00
6/13/29
6/13/29
6/13/29
6/13/29
6/13/29
6/13/29

4.65 4.65

4.65 4.65
66 46659CSR2
JPM 4 01/14/31
5YrNC1Yr Berm
250
100.00
1/14/31
1/14/31
1/14/31
1/14/31
10/14/30
4/14/30

3.96 3.96

3.96 3.96
City of Palmdale: Flagship Lite - Palmdale, CA

Page 32 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
52 Book Yield Table - Instantaneous Rate Shock
Projected Call Date - Instantaneous Rate Shock
Book Yield Table - Instantaneous Rate Shock
Bond
Security
Original
Par
Book
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
67 3133EWPC8
FFCB 4.3 11/12/30

4.5YrNC2Yr Amer
2,000
100.00
11/12/30
11/12/30
11/12/30
10/11/30
4/11/30
7/11/29

4.30 4.30

4.30 4.30
68 91282CEV9
T 3 1/4 06/30/29
7Yr Bullet
1,000

98.53 6/30/29
6/30/29
6/30/29
6/30/29
6/30/29
6/30/29

3.77 3.77

3.77 3.77
69 89236TMK8
TOYOTA 4.55
08/09/29
5YrNC1mo
500
102.12
8/9/29
8/9/29
8/9/29
8/9/29
8/9/29
8/9/29

3.82 3.82

3.82 3.82
70 91282CFL0
T 3 7/8 09/30/29
7Yr Bullet
5,000

99.54 9/30/29
9/30/29
9/30/29
9/30/29
9/30/29
9/30/29

4.03 4.03

4.03 4.03
71 95004HBB3
WFC 4.15 02/12/31
5YrNC3Yr
2,000
100.00
2/12/31
2/12/31
2/12/31
2/12/31
5/12/29
2/12/29

4.15 4.15

4.15 4.15
72 91282CFT3
T 4 10/31/29
7Yr Bullet
5,000

99.77 10/31/29
10/31/29
10/31/29
10/31/29
10/31/29
10/31/29

4.08 4.08

4.08 4.08
73 91282CFY2
T 3 7/8 11/30/29
7Yr Bullet
5,000

98.84 11/30/29
11/30/29
11/30/29
11/30/29
11/30/29
11/30/29

4.24 4.24

4.24 4.24
74 3134HCXZ7
FHLMC 3.7 03/10/31
5YrNC1Yr
2,000

99.40 3/10/31
3/10/31
3/10/31
3/10/31
3/10/31
3/10/31

3.84 3.84

3.84 3.84
75 91282CGB1
T 3 7/8 12/31/29
7Yr Bullet
3,000

98.33 12/31/29
12/31/29
12/31/29
12/31/29
12/31/29
12/31/29

4.40 4.40

4.40 4.40
76 61778EQC8
MS 3.95 02/25/30
4Yr Bullet
250
100.00
2/25/30
2/25/30
2/25/30
2/25/30
2/25/30
2/25/30

3.96 3.96

3.96 3.96
77 91282CGQ8
T 4 02/28/30
7Yr Bullet
1,000
100.88
2/28/30
2/28/30
2/28/30
2/28/30
2/28/30
2/28/30

3.74 3.74

3.74 3.74
78 57629TBX4
MASSMU 4.55
05/07/30
5Yr Bullet
1,500
100.48
5/7/30
5/7/30
5/7/30
5/7/30
5/7/30
5/7/30

4.41 4.41

4.41 4.41
79 06406RBK2
BK 4.596 07/26/30
8YrNC7Yr 1x
1,000
102.20
7/26/29
7/26/29
7/26/29
7/26/29
7/26/29
7/26/29

3.83 3.83

3.83 3.83
80 91324PDX7
UNH 2 05/15/30
10YrNC1mo
1,000

91.42 5/15/30
5/15/30
5/15/30
5/15/30
5/15/30
5/15/30

4.43 4.43

4.43 4.43
81 91282CPA3
T 3 5/8 09/30/30
5Yr Bullet
3,000
100.52
9/30/30
9/30/30
9/30/30
9/30/30
9/30/30
9/30/30

3.49 3.49

3.49 3.49
82 30303MAB8
META 4.2 11/15/30
5YrNC4.9Yr Amer
1,500
100.70
11/15/30
11/15/30
11/15/30
11/15/30
11/15/30
10/15/30

4.02 4.02

4.02 4.02
83 023135CT1
AMZN 4.1 11/20/30
5YrNC4.9Yr Amer
1,500
100.70
11/20/30
11/20/30
11/20/30
11/20/30
11/20/30
10/20/30

3.92 3.92

3.92 3.92
84 89236TPH2
TOYOTA 4.2 01/10/31
5YrNC1mo
1,000

99.83 1/10/31
1/10/31
1/10/31
1/10/31
1/10/31
1/10/31

4.24 4.24

4.24 4.24
85 02079KBK2
GOOGL 4.1 02/15/31
5YrNC4.9Yr Amer
1,000
100.60
2/15/31
2/15/31
2/15/31
2/15/31
2/14/31
1/15/31

3.96 3.96

3.96 3.95
86 91282CJQ5
T 3 3/4 12/31/30
7Yr Bullet
1,000

99.59 12/31/30
12/31/30
12/31/30
12/31/30
12/31/30
12/31/30

3.85 3.85

3.85 3.85
87 023135DD5
AMZN 4 1/4 03/13/31
5YrNC4.9Yr Amer
1,500

99.68 3/13/31
3/13/31
3/13/31
2/13/31
2/13/31
2/13/31

4.33 4.33

4.33 4.33
88 38151GAJ0
GS 4.1 03/12/31
5Yr Bullet
2,000
100.00
3/12/31
3/12/31
3/12/31
3/12/31
3/12/31
3/12/31

4.10 4.10

4.10 4.10
357,223

99.30 5.01

5.00 5.00

5.00 City of Palmdale: Flagship Lite - Palmdale, CA

Page 33 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
53 Market Yield Table - Instantaneous Rate Shock
Projected Call Date - Instantaneous Rate Shock
Market Yield Table - Instantaneous Rate Shock
Bond
Security
Original
Par
Mkt
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
1 3130B4QA2
FHLB 4.55 07/21/28

3.5YrNC1.5Yr
3,000
100.04
7/21/26
7/21/26
7/21/26
7/21/26
7/21/26
7/21/26

3.86 3.86

3.86 3.86
2 61761J3R8
MS 3 1/8 07/27/26
10YrNC6mo
500

99.88 7/27/26
7/27/26
7/27/26
7/27/26
7/27/26
7/27/26

4.71 4.71

4.71 4.71
3 PALM1LAIF
LAIF
138,075
100.00
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26

3.83 3.83

3.83 3.83
4 PALM1CAMP
CAMP Accounts
55,117
100.00
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26

3.79 3.79

3.79 3.79
5 3134GW4C7
FHLMC 0.8 10/27/26
6YrNC3mo Berm
5,000

98.97 10/27/26
10/27/26
10/27/26
10/27/26
10/27/26
10/27/26

4.02 4.02

4.02 4.02
6 3133ENJC5
FFCB 1.29 12/22/26
5YrNC2Yr Amer
5,000

98.68 12/22/26
12/22/26
12/22/26
12/22/26
12/22/26
12/22/26

4.12 4.12

4.12 4.12
7 912828YX2
T 1 3/4 12/31/26
7Yr Bullet
5,000

98.91 12/31/26
12/31/26
12/31/26
12/31/26
12/31/26
12/31/26

3.96 3.96

3.96 3.96
8 3130AQRH8
FHLB 2 02/25/27
5YrNC3mo Berm
5,000

98.61 2/25/27
2/25/27
2/25/27
2/25/27
2/25/27
2/25/27

4.18 4.18

4.18 4.18
9 3130AL5A8
FHLB 0.9 02/26/27
6YrNC3mo Berm
5,000

97.90 2/26/27
2/26/27
2/26/27
2/26/27
2/26/27
2/26/27

4.17 4.17

4.17 4.17
10 808513BW4
SCHW 3.3 04/01/27

5.5YrNC5.3Yr Amer
500

99.34 4/1/27
4/1/27
4/1/27
4/1/27
4/1/27
4/1/27

4.20 4.20

4.20 4.20
11 3130ARHJ3
FHLB 3.175 04/19/27
5YrNC1mo
5,000

99.24 4/19/27
4/19/27
4/19/27
4/19/27
4/19/27
4/19/27

4.15 4.15

4.15 4.15
12 3133ERE23
FFCB 4.32 12/02/27
3YrNC2Yr Amer
1,000

99.91 12/2/27
12/2/27
10/1/27
2/1/27
12/2/26
12/2/26

4.39 4.39

4.40 4.49

4.54 4.54
13 75973QAA5
RNR 3.45 07/01/27
10YrNC9.8Yr Amer
500

99.14 7/1/27
7/1/27
7/1/27
7/1/27
7/1/27
7/1/27

4.33 4.33

4.33 4.33
14 22550L2K6
UBS 5 07/09/27
5Yr Bullet
500
100.62
7/9/27
7/9/27
7/9/27
7/9/27
7/9/27
7/9/27

4.38 4.38

4.38 4.38
15 91282CEW7
T 3 1/4 06/30/27
5Yr Bullet
5,000

99.16 6/30/27
6/30/27
6/30/27
6/30/27
6/30/27
6/30/27

4.11 4.11

4.11 4.11
16 3130B3XP3
FHLB 4 1/2 12/04/29
5YrNC2Yr 1x
1,000
100.05
12/4/29
12/4/29
12/4/26
12/4/26
12/4/26
12/4/26

4.48 4.48

4.37 4.37

4.37 4.37
17 3130B9WM8
FHLB 4 03/14/28
2YrNC6mo Berm
2,500

99.50 3/14/28
3/14/28
3/14/28
12/14/27
9/14/27
9/14/26

4.30 4.30

4.30 4.36

4.43 6.45
18 91282CFM8
T 4 1/8 09/30/27
5Yr Bullet
2,500

99.97 9/30/27
9/30/27
9/30/27
9/30/27
9/30/27
9/30/27

4.15 4.15

4.15 4.15
19 3135G05Y5
FNMA 0 3/4 10/08/27
7Yr Bullet
2,000

95.79 10/8/27
10/8/27
10/8/27
10/8/27
10/8/27
10/8/27

4.18 4.18

4.18 4.18
20 3130BB6W0
FHLB 4.35 12/21/28

2.5YrNC6mo Berm
2,000

99.68 12/21/28
12/21/28
9/21/28
3/21/28
6/21/27
12/21/26

4.49 4.49

4.51 4.55

4.69 5.04
21 3130BAW52
FHLB 4.32 12/15/28

2.5YrNC6mo Berm
1,890

99.64 12/15/28
12/15/28
9/15/28
3/15/28
6/15/27
12/15/26

4.47 4.47

4.49 4.54

4.70 5.12
22 3136GAGW3
FNMA 4.1 08/10/28

3.25YrNC1.3Yr 1x
5,000

99.71 8/10/28
8/10/28
8/10/28
8/10/28
8/10/26
8/10/26

4.24 4.24

6.71 6.71
23 53229WAE3
LGHOF 4.4 06/18/29
3YrNC6mo
250

99.74 6/18/29
6/18/29
6/18/29
6/18/29
6/18/29
2/8/27

4.54 4.54

4.54 4.93
24 91282CFZ9
T 3 7/8 11/30/27
5Yr Bullet
3,000

99.62 11/30/27
11/30/27
11/30/27
11/30/27
11/30/27
11/30/27

4.15 4.15

4.15 4.15
25 77357DAN8
ROCKN 4 1/4
12/30/27

1.5Yr Bullet
250
100.22
12/30/27
12/30/27
12/30/27
12/30/27
12/30/27
12/30/27

4.14 4.14

4.14 4.14
26 09582YAV4
RICBVA 4.2 12/28/27
4Yr Bullet
240
100.09
12/28/27
12/28/27
12/28/27
12/28/27
12/28/27
12/28/27

4.14 4.14

4.14 4.14
27 3134HCE96
FHLMC 4.21 02/26/29
3YrNC5mo Berm
1,500

99.42 2/26/29
2/26/29
2/26/29
8/26/28
2/26/28
8/26/26

4.44 4.44

4.44 4.49

4.57 7.99
28 3130BA4X2
FHLB 4 3/4 04/14/31
5YrNC6mo
1,520

99.70 4/14/31
1/14/31
7/14/30
4/14/29
1/14/27
10/14/26

4.82 4.82

4.83 4.86

5.33 5.79
29 91282CGH8
T 3 1/2 01/31/28
5Yr Bullet
2,000

98.98 1/31/28
1/31/28
1/31/28
1/31/28
1/31/28
1/31/28

4.18 4.18

4.18 4.18
30 178180HL2
RY 3.85 02/14/28
2Yr Bullet
250

99.56 2/14/28
2/14/28
2/14/28
2/14/28
2/14/28
2/14/28

4.14 4.14

4.14 4.14
31 3130B4RC7
FHLB 4 1/2 07/27/29

4.5YrNC2.5Yr 1x
3,000
100.06
7/27/29
7/27/29
7/27/27
7/27/27
7/27/27
7/27/27

4.48 4.48

4.44 4.44

4.44 4.44
32 3130BBAN5
FHLB 4 1/2 06/15/29
3YrNC1Yr Berm
2,000

99.88 6/15/29
6/15/29
12/15/28
6/15/28
6/15/27
6/15/27

4.54 4.54

4.55 4.56

4.63 4.63
33 718172CE7
PM 3 1/8 03/02/28

10.25YrNC10.1Yr
Amer
500

97.76 3/2/28
3/2/28
3/2/28
3/2/28
3/2/28
3/2/28

4.53 4.53

4.53 4.53
City of Palmdale: Flagship Lite - Palmdale, CA

Page 34 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
54 Market Yield Table - Instantaneous Rate Shock
Projected Call Date - Instantaneous Rate Shock
Market Yield Table - Instantaneous Rate Shock
Bond
Security
Original
Par
Mkt
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
34 3133ETXV4
FFCB 3.83 09/15/28
3YrNC1Yr Amer
1,400

98.93 9/15/28
9/15/28
9/15/28
9/15/28
9/15/28
4/14/28

4.34 4.34

4.34 4.46
35 91282CMW8
T 3 5/8 04/15/28
3Yr Bullet
2,000

99.29 4/15/28
4/15/28
4/15/28
4/15/28
4/15/28
4/15/28

4.17 4.17

4.17 4.17
36 33622PAP8
OLMST 3.9 02/20/29
3YrNC6mo
250

98.98 2/20/29
2/20/29
2/20/29
1/20/29
10/20/28
4/20/28

4.36 4.36

4.36 4.37

4.41 4.53
37 3134HCV48
FHLMC 4 1/4 05/25/29
3YrNC1Yr Berm
2,000

99.33 5/25/29
5/25/29
5/25/29
11/25/28
8/25/28
5/25/27

4.50 4.50

4.50 4.54

4.58 5.01
38 91282CND9
T 3 5/8 05/15/28
3Yr Bullet
2,000

99.26 5/15/28
5/15/28
5/15/28
5/15/28
5/15/28
5/15/28

4.16 4.16

4.16 4.16
39 65504UAM9
NOBLF 4.1 06/12/28
2Yr Bullet
250
100.01
6/12/28
6/12/28
6/12/28
6/12/28
6/12/28
6/12/28

4.14 4.14

4.14 4.14
40 949764XV1
WFC 4.2 06/20/28
2Yr Bullet
250
100.20
6/20/28
6/20/28
6/20/28
6/20/28
6/20/28
6/20/28

4.14 4.14

4.14 4.14
41 3133EWMX5
FFCB 4.03 04/30/29
3YrNC1Yr Amer
2,000

98.97 4/30/29
4/30/29
4/30/29
4/29/29
4/29/29
4/29/28

4.42 4.42

4.42 4.62
42 3134HADY6
FHLMC 4 08/14/29
5YrNC6mo Berm
4,000

98.86 8/14/29
8/14/29
8/14/29
8/14/29
2/14/29
8/14/28

4.39 4.39

4.46 4.57
43 797440CE2
SRE 4.95 08/15/28
5YrNC4.9Yr Amer
500
100.79
8/15/28
7/15/28
7/15/28
7/15/28
7/15/28
7/15/28

4.55 4.54

4.54 4.54

4.54 4.54
44 64952WFP3
NYLIN 4.15 07/25/28
3Yr Bullet
1,500

99.27 7/25/28
7/25/28
7/25/28
7/25/28
7/25/28
7/25/28

4.52 4.52

4.52 4.52
45 3130B9RD4
FHLB 4 09/10/29

3.5YrNC6mo Berm
2,000

98.86 9/10/29
9/10/29
9/10/29
9/10/29
3/10/29
6/10/28

4.39 4.39

4.45 4.62
46 06055JQF9
BAC 4.05 02/23/29
3YrNC1Yr
2,000

98.41 2/23/29
2/23/29
2/23/29
2/23/29
2/23/29
10/23/28

4.73 4.73

4.73 4.82
47 3133EWFX3
FFCB 3.7 03/05/29
3YrNC1Yr Amer
2,000

98.37 3/5/29
3/5/29
3/5/29
3/5/29
3/5/29
1/4/29

4.35 4.35

4.35 4.39
48 91282CPC9
T 3 1/2 10/15/28
3Yr Bullet
2,000

98.54 10/15/28
10/15/28
10/15/28
10/15/28
10/15/28
10/15/28

4.17 4.17

4.17 4.17
49 91282CPK1
T 3 1/2 11/15/28
3Yr Bullet
2,000

98.50 11/15/28
11/15/28
11/15/28
11/15/28
11/15/28
11/15/28

4.17 4.17

4.17 4.17
50 17290G5W3
C 4 1/2 06/30/29
3YrNC2Yr 1x
250
100.00
6/30/29
6/30/29
6/30/29
6/30/28
6/30/28
6/30/28

4.45 4.45

4.45 4.46

4.46 4.46
51 05612LLE0
BMWG 4 1/4 12/18/28

2.5Yr Bullet
250
100.22
12/18/28
12/18/28
12/18/28
12/18/28
12/18/28
12/18/28

4.16 4.16

4.16 4.16
52 06406RBN6
BK 4.543 02/01/29
6YrNC5Yr 1x
656
100.06
2/1/28
2/1/28
2/1/28
2/1/28
2/1/28
2/1/28

4.50 4.50

4.50 4.50
53 3133ET5K9
FFCB 4.07 06/26/30

4.5YrNC6mo Amer
3,000

98.51 6/26/30
6/26/30
6/26/30
6/26/30
1/25/30
7/25/29

4.48 4.48

4.53 4.60
54 6174468G7
MS 4.431 01/23/30
11YrNC10Yr 1x
1,000

99.15 1/23/29
1/23/29
1/23/29
1/23/29
1/23/29
1/23/29

4.79 4.79

4.79 4.79
55 46660NBS1
JPM 4 7/8 05/12/31
5YrNC1Yr
2,000

98.80 5/12/31
5/12/31
5/12/31
11/12/30
11/12/29
5/12/28

5.16 5.16

5.16 5.18

5.27 5.56
56 89236TPQ2
TOYOTA 4.05
03/13/29
3YrNC1mo
1,000

98.85 3/13/29
3/13/29
3/13/29
3/13/29
3/13/29
3/13/29

4.51 4.51

4.51 4.51
57 61776N2D4
MS 3.8 03/12/29
3Yr Bullet
250

99.06 3/12/29
3/12/29
3/12/29
3/12/29
3/12/29
3/12/29

4.17 4.17

4.17 4.17
58 59217GEZ8
MET 3.3 03/21/29
7Yr Bullet
1,500

96.65 3/21/29
3/21/29
3/21/29
3/21/29
3/21/29
3/21/29

4.62 4.62

4.62 4.62
59 023135CG9
AMZN 3.45 04/13/29
7YrNC6.8Yr Amer
1,000

97.53 4/13/29
4/13/29
4/13/29
4/13/29
4/13/29
4/13/29

4.40 4.40

4.40 4.40
60 3130BAGD3
FHLB 4.2 04/23/31
5YrNC1Yr
2,000

98.70 4/23/31
4/23/31
4/23/31
4/23/31
4/23/30
4/23/28

4.50 4.50

4.57 4.95
61 46647PBD7
JPM 3.702 05/06/30
11YrNC10Yr 1x
1,500

97.31 5/6/29
5/6/29
5/6/29
5/6/29
5/6/29
5/6/29

4.72 4.72

4.72 4.72
62 3136GCCY9
FNMA 4 01/06/31
5YrNC1Yr
4,000

98.20 1/6/31
1/6/31
1/6/31
1/6/31
1/6/31
1/6/30

4.44 4.44

4.44 4.56
63 67066GAQ7
NVDA 4.35 06/15/29
3YrNC2.9Yr Amer
3,000

99.64 6/15/29
6/15/29
6/15/29
6/14/29
5/15/29
5/15/29

4.48 4.48

4.49 4.49
64 3130B8BF8
FHLB 3.95 11/06/30
5YrNC1Yr Amer
830

97.89 11/6/30
11/6/30
11/6/30
11/6/30
10/5/30
4/5/30

4.49 4.49

4.50 4.57
65 89235MPP0
TOYFBN 4.65
06/13/29
5Yr Bullet
245
101.30
6/13/29
6/13/29
6/13/29
6/13/29
6/13/29
6/13/29

4.18 4.18

4.18 4.18
66 46659CSR2
JPM 4 01/14/31
5YrNC1Yr Berm
250

97.92 1/14/31
1/14/31
1/14/31
1/14/31
10/14/30
4/14/30

4.47 4.47

4.50 4.56
City of Palmdale: Flagship Lite - Palmdale, CA

Page 35 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
55 Market Yield Table - Instantaneous Rate Shock
Projected Call Date - Instantaneous Rate Shock
Market Yield Table - Instantaneous Rate Shock
Bond
Security
Original
Par
Mkt
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
67 3133EWPC8
FFCB 4.3 11/12/30

4.5YrNC2Yr Amer
2,000

98.84 11/12/30
11/12/30
11/12/30
10/11/30
4/11/30
7/11/29

4.59 4.59

4.59 4.60

4.64 4.71
68 91282CEV9
T 3 1/4 06/30/29
7Yr Bullet
1,000

97.44 6/30/29
6/30/29
6/30/29
6/30/29
6/30/29
6/30/29

4.17 4.17

4.17 4.17
69 89236TMK8
TOYOTA 4.55
08/09/29
5YrNC1mo
500

99.88 8/9/29
8/9/29
8/9/29
8/9/29
8/9/29
8/9/29

4.59 4.59

4.59 4.59
70 91282CFL0
T 3 7/8 09/30/29
7Yr Bullet
5,000

99.11 9/30/29
9/30/29
9/30/29
9/30/29
9/30/29
9/30/29

4.17 4.17

4.17 4.17
71 95004HBB3
WFC 4.15 02/12/31
5YrNC3Yr
2,000
100.00
2/12/31
2/12/31
2/12/31
2/12/31
5/12/29
2/12/29

4.15 4.15

4.15 4.15
72 91282CFT3
T 4 10/31/29
7Yr Bullet
5,000

99.46 10/31/29
10/31/29
10/31/29
10/31/29
10/31/29
10/31/29

4.18 4.18

4.18 4.18
73 91282CFY2
T 3 7/8 11/30/29
7Yr Bullet
5,000

99.04 11/30/29
11/30/29
11/30/29
11/30/29
11/30/29
11/30/29

4.18 4.18

4.18 4.18
74 3134HCXZ7
FHLMC 3.7 03/10/31
5YrNC1Yr
2,000

97.20 3/10/31
3/10/31
3/10/31
3/10/31
3/10/31
3/10/31

4.37 4.37

4.37 4.37
75 91282CGB1
T 3 7/8 12/31/29
7Yr Bullet
3,000

99.02 12/31/29
12/31/29
12/31/29
12/31/29
12/31/29
12/31/29

4.18 4.18

4.18 4.18
76 61778EQC8
MS 3.95 02/25/30
4Yr Bullet
250

99.14 2/25/30
2/25/30
2/25/30
2/25/30
2/25/30
2/25/30

4.21 4.21

4.21 4.21
77 91282CGQ8
T 4 02/28/30
7Yr Bullet
1,000

99.41 2/28/30
2/28/30
2/28/30
2/28/30
2/28/30
2/28/30

4.17 4.17

4.17 4.17
78 57629TBX4
MASSMU 4.55
05/07/30
5Yr Bullet
1,500

99.25 5/7/30
5/7/30
5/7/30
5/7/30
5/7/30
5/7/30

4.76 4.76

4.76 4.76
79 06406RBK2
BK 4.596 07/26/30
8YrNC7Yr 1x
1,000

99.79 7/26/29
7/26/29
7/26/29
7/26/29
7/26/29
7/26/29

4.67 4.67

4.67 4.67
80 91324PDX7
UNH 2 05/15/30
10YrNC1mo
1,000

91.01 5/15/30
5/15/30
5/15/30
5/15/30
5/15/30
5/15/30

4.56 4.56

4.56 4.56
81 91282CPA3
T 3 5/8 09/30/30
5Yr Bullet
3,000

97.81 9/30/30
9/30/30
9/30/30
9/30/30
9/30/30
9/30/30

4.19 4.19

4.19 4.19
82 30303MAB8
META 4.2 11/15/30
5YrNC4.9Yr Amer
1,500

98.31 11/15/30
11/15/30
11/15/30
11/15/30
11/15/30
10/15/30

4.63 4.63

4.63 4.64
83 023135CT1
AMZN 4.1 11/20/30
5YrNC4.9Yr Amer
1,500

98.24 11/20/30
11/20/30
11/20/30
11/20/30
11/20/30
10/20/30

4.55 4.55

4.55 4.55
84 89236TPH2
TOYOTA 4.2 01/10/31
5YrNC1mo
1,000

98.11 1/10/31
1/10/31
1/10/31
1/10/31
1/10/31
1/10/31

4.67 4.67

4.67 4.67
85 02079KBK2
GOOGL 4.1 02/15/31
5YrNC4.9Yr Amer
1,000

98.29 2/15/31
2/15/31
2/15/31
2/15/31
2/14/31
1/15/31

4.51 4.51

4.51 4.52
86 91282CJQ5
T 3 3/4 12/31/30
7Yr Bullet
1,000

98.16 12/31/30
12/31/30
12/31/30
12/31/30
12/31/30
12/31/30

4.21 4.21

4.21 4.21
87 023135DD5
AMZN 4 1/4 03/13/31
5YrNC4.9Yr Amer
1,500

98.47 3/13/31
3/13/31
3/13/31
2/13/31
2/13/31
2/13/31

4.61 4.61

4.61 4.62

4.62 4.62
88 38151GAJ0
GS 4.1 03/12/31
5Yr Bullet
2,000
100.00
3/12/31
3/12/31
3/12/31
3/12/31
3/12/31
3/12/31

4.10 4.10

4.10 4.10
357,223

99.50 4.04

4.04 4.04

4.04 4.09

4.14 City of Palmdale: Flagship Lite - Palmdale, CA

Page 36 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
56 Percentage Price Change / 12 Month Total Return
Price Change - Instantaneous Rate Shock
Projected TRR - 12mo. Horizon
Bond
Security
Original
Par
Mkt
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
1 3130B4QA2
FHLB 4.55 07/21/28

3.5YrNC1.5Yr
3,000
100.04
-0.06
-0.03
-0.01

0.00 0.01

0.03 4.16

3.95 3.84

3.74 3.64

3.53 2
61761J3R8
MS 3 1/8 07/27/26
10YrNC6mo
500

99.88 -0.08
-0.04
-0.02

0.00 0.02

0.04 4.21

4.01 3.91

3.81 3.71

3.61 3
PALM1LAIF
LAIF
138,075
100.00
-0.09
-0.04
-0.02

0.00 0.02

0.04 4.21

3.98 3.86

3.74 3.62

3.50 4
PALM1CAMP
CAMP Accounts
55,117
100.00
-0.09
-0.04
-0.02

0.00 0.02

0.04 4.21

3.97 3.86

3.74 3.62

3.50 5
3134GW4C7
FHLMC 0.8 10/27/26
6YrNC3mo Berm
5,000

98.97 -0.33
-0.16
-0.08

0.00 0.08

0.16 4.21

4.02 3.92

3.83 3.73

3.64 6
3133ENJC5
FFCB 1.29 12/22/26
5YrNC2Yr Amer
5,000

98.68 -0.48
-0.24
-0.12

0.00 0.12

0.24 4.26

4.09 4.00

3.92 3.83

3.74 7
912828YX2
T 1 3/4 12/31/26
7Yr Bullet
5,000

98.91 -0.50
-0.25
-0.13

0.00 0.13

0.25 4.21

4.03 3.94

3.85 3.76

3.67 8
3130AQRH8
FHLB 2 02/25/27
5YrNC3mo Berm
5,000

98.61 -0.65
-0.32
-0.16

0.00 0.16

0.33 4.28

4.15 4.09

4.02 3.96

3.89 9
3130AL5A8
FHLB 0.9 02/26/27
6YrNC3mo Berm
5,000

97.90 -0.65
-0.33
-0.16

0.00 0.16

0.33 4.28

4.15 4.08

4.02 3.96

3.89 10
808513BW4
SCHW 3.3 04/01/27

5.5YrNC5.3Yr Amer
500

99.34 -0.73
-0.36
-0.18

0.00 0.18

0.35 4.29

4.19 4.13

4.08 4.02

3.97 11
3130ARHJ3
FHLB 3.175 04/19/27
5YrNC1mo
5,000

99.24 -0.78
-0.39
-0.19

0.00 0.19

0.38 4.23

4.15 4.10

4.06 4.02

3.98 12
3133ERE23
FFCB 4.32 12/02/27
3YrNC2Yr Amer
1,000

99.91 -1.05
-0.48
-0.22

0.00 0.20

0.36 4.12

4.32 4.40

4.17 3.97

3.87 13
75973QAA5
RNR 3.45 07/01/27
10YrNC9.8Yr Amer
500

99.14 -0.95
-0.47
-0.24

0.00 0.23

0.47 4.33

4.32 4.32

4.31 14
22550L2K6
UBS 5 07/09/27
5Yr Bullet
500
100.62
-0.98
-0.49
-0.25

0.00 0.25

0.50 4.36

4.36 4.36

4.37 15
91282CEW7
T 3 1/4 06/30/27
5Yr Bullet
5,000

99.16 -0.96
-0.48
-0.24

0.00 0.24

0.49 4.11

4.11 4.11

4.11 16
3130B3XP3
FHLB 4 1/2 12/04/29
5YrNC2Yr 1x
1,000
100.05
-1.83
-0.68
-0.31

0.00 0.19

0.34 3.16

4.25 4.10

4.00 3.91

3.81 17
3130B9WM8
FHLB 4 03/14/28
2YrNC6mo Berm
2,500

99.50 -1.38
-0.65
-0.31

0.00 0.26

0.48 3.76

4.08 4.24

4.38 4.51

4.07 18
91282CFM8
T 4 1/8 09/30/27
5Yr Bullet
2,500

99.97 -1.19
-0.60
-0.30

0.00 0.30

0.60 3.95

4.07 4.13

4.19 4.24

4.30 19
3135G05Y5
FNMA 0 3/4 10/08/27
7Yr Bullet
2,000

95.79 -1.22
-0.62
-0.31

0.00 0.31

0.62 3.95

4.09 4.16

4.23 4.30

4.37 20
3130BB6W0
FHLB 4.35 12/21/28

2.5YrNC6mo Berm
2,000

99.68 -1.67
-0.75
-0.35

0.00 0.30

0.53 3.46

4.06 4.33

4.54 4.65

4.18 21
3130BAW52
FHLB 4.32 12/15/28

2.5YrNC6mo Berm
1,890

99.64 -1.67
-0.75
-0.35

0.00 0.30

0.54 3.45

4.04 4.31

4.53 4.64

4.18 22
3136GAGW3
FNMA 4.1 08/10/28

3.25YrNC1.3Yr 1x
5,000

99.71 -1.87
-0.90
-0.42

0.00 0.24

0.35 3.23

3.73 3.98

4.24 3.95

3.84 23
53229WAE3
LGHOF 4.4 06/18/29
3YrNC6mo
250

99.74 -1.77
-0.78
-0.36

0.00 0.30

0.53 3.34

4.04 4.34

4.57 4.75

4.30 24
91282CFZ9
T 3 7/8 11/30/27
5Yr Bullet
3,000

99.62 -1.34
-0.68
-0.34

0.00 0.34

0.68 3.80

4.00 4.10

4.20 4.30

4.40 25
77357DAN8
ROCKN 4 1/4 12/30/2

1.5Yr Bullet
250
100.22
-1.40
-0.71
-0.35

0.00 0.36

0.71 3.71

3.94 4.06

4.17 4.29

4.41 26
09582YAV4
RICBVA 4.2 12/28/27
4Yr Bullet
240
100.09
-1.41
-0.71
-0.36

0.00 0.36

0.72 3.71

3.94 4.06

4.18 4.30

4.42 27
3134HCE96
FHLMC 4.21 02/26/29
3YrNC5mo Berm
1,500

99.42 -1.88
-0.86
-0.41

0.00 0.33

0.59 3.22

3.90 4.20

4.48 4.70

4.19 28
3130BA4X2
FHLB 4 3/4 04/14/31
5YrNC6mo
1,520

99.70 -2.26
-0.95
-0.42

0.00 0.32

0.53 3.07

4.13 4.55

4.86 4.50

4.12 29
91282CGH8
T 3 1/2 01/31/28
5Yr Bullet
2,000

98.98 -1.50
-0.76
-0.38

0.00 0.38

0.76 3.64

3.92 4.06

4.19 4.33

4.47 30
178180HL2
RY 3.85 02/14/28
2Yr Bullet
250

99.56 -1.53
-0.77
-0.39

0.00 0.39

0.78 3.57

3.86 4.01

4.15 4.30

4.45 31
3130B4RC7
FHLB 4 1/2 07/27/29

4.5YrNC2.5Yr 1x
3,000
100.06
-1.96
-0.88
-0.43

0.00 0.36

0.69 3.20

4.12 4.44

4.46 4.47

4.49 32
3130BBAN5
FHLB 4 1/2 06/15/29
3YrNC1Yr Berm
2,000

99.88 -1.89
-0.87
-0.41

0.00 0.37

0.70 3.26

3.97 4.27

4.51 4.57

4.56 33
718172CE7
PM 3 1/8 03/02/28

10.25YrNC10.1Yr A
500

97.76 -1.57
-0.79
-0.39

0.00 0.40

0.79 3.90

4.22 4.38

4.54 4.70

4.86 34
3133ETXV4
FFCB 3.83 09/15/28
3YrNC1Yr Amer
1,400

98.93 -1.81
-0.86
-0.42

0.00 0.38

0.71 3.31

3.85 4.11

4.36 4.59

4.78 35
91282CMW8
T 3 5/8 04/15/28
3Yr Bullet
2,000

99.29 -1.69
-0.85
-0.43

0.00 0.43

0.86 3.42

3.79 3.98

4.17 4.35

4.54 36
33622PAP8
OLMST 3.9 02/20/29
3YrNC6mo
250

98.98 -2.00
-0.94
-0.45

0.00 0.40

0.74 3.04

3.74 4.07

4.37 4.64

4.86 City of Palmdale: Flagship Lite - Palmdale, CA

Page 37 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
57 Percentage Price Change / 12 Month Total Return
Price Change - Instantaneous Rate Shock
Projected TRR - 12mo. Horizon
Bond
Security
Original
Par
Mkt
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
37 3134HCV48
FHLMC 4 1/4 05/25/29
3YrNC1Yr Berm
2,000

99.33 -2.08
-0.97
-0.47

0.00 0.41

0.80 3.08

3.84 4.19

4.50 4.76

4.83 38
91282CND9
T 3 5/8 05/15/28
3Yr Bullet
2,000

99.26 -1.76
-0.89
-0.44

0.00 0.45

0.90 3.33

3.74 3.94

4.15 4.36

4.56 39
65504UAM9
NOBLF 4.1 06/12/28
2Yr Bullet
250
100.01
-1.81
-0.91
-0.46

0.00 0.46

0.92 3.23

3.67 3.89

4.11 4.33

4.55 40
949764XV1
WFC 4.2 06/20/28
2Yr Bullet
250
100.20
-1.83
-0.92
-0.46

0.00 0.46

0.93 3.21

3.66 3.88

4.11 4.33

4.56 41
3133EWMX5
FFCB 4.03 04/30/29
3YrNC1Yr Amer
2,000

98.97 -2.12
-1.00
-0.48

0.00 0.45

0.84 2.98

3.74 4.09

4.41 4.70

4.92 42
3134HADY6
FHLMC 4 08/14/29
5YrNC6mo Berm
4,000

98.86 -2.29
-1.07
-0.51

0.00 0.45

0.82 2.78

3.64 4.04

4.40 4.73

4.98 43
797440CE2
SRE 4.95 08/15/28
5YrNC4.9Yr Amer
500
100.79
-1.93
-0.97
-0.49

0.00 0.49

0.98 3.49

3.99 4.23

4.48 4.72

4.96 44
64952WFP3
NYLIN 4.15 07/25/28
3Yr Bullet
1,500

99.27 -1.93
-0.97
-0.49

0.00 0.49

0.99 3.49

3.98 4.22

4.47 4.71

4.96 45
3130B9RD4
FHLB 4 09/10/29

3.5YrNC6mo Berm
2,000

98.86 -2.32
-1.08
-0.51

0.00 0.46

0.83 2.74

3.62 4.03

4.40 4.73

4.99 46
06055JQF9
BAC 4.05 02/23/29
3YrNC1Yr
2,000

98.41 -2.15
-1.04
-0.50

0.00 0.47

0.90 3.29

4.02 4.37

4.71 5.02

5.31 47
3133EWFX3
FFCB 3.7 03/05/29
3YrNC1Yr Amer
2,000

98.37 -2.19
-1.05
-0.51

0.00 0.48

0.92 2.91

3.64 3.99

4.33 4.64

4.93 48
91282CPC9
T 3 1/2 10/15/28
3Yr Bullet
2,000

98.54 -2.14
-1.08
-0.54

0.00 0.54

1.09 2.90

3.50 3.80

4.10 4.41

4.71 49
91282CPK1
T 3 1/2 11/15/28
3Yr Bullet
2,000

98.50 -2.21
-1.11
-0.56

0.00 0.56

1.13 2.81

3.45 3.77

4.09 4.41

4.74 50
17290G5W3
C 4 1/2 06/30/29
3YrNC2Yr 1x
250
100.00
-2.37
-1.16
-0.57

0.00 0.55

1.10 2.79

3.60 3.97

4.32 4.65

4.94 51
05612LLE0
BMWG 4 1/4 12/18/28

2.5Yr Bullet
250
100.22
-2.27
-1.15
-0.58

0.00 0.58

1.17 2.72

3.40 3.73

4.07 4.42

4.76 52
06406RBN6
BK 4.543 02/01/29
6YrNC5Yr 1x
656
100.06
-2.37
-1.19
-0.60

0.00 0.60

1.19 1.76

2.47 2.83

3.18 3.54

3.90 53
3133ET5K9
FFCB 4.07 06/26/30

4.5YrNC6mo Amer
3,000

98.51 -2.78
-1.30
-0.62

0.00 0.54

1.01 2.34

3.50 4.03

4.51 4.94

5.30 54
6174468G7
MS 4.431 01/23/30
11YrNC10Yr 1x
1,000

99.15 -2.36
-1.19
-0.60

0.00 0.60

1.21 3.26

3.96 4.31

4.66 5.02

5.38 55
46660NBS1
JPM 4 7/8 05/12/31
5YrNC1Yr
2,000

98.80 -3.02
-1.39
-0.66

0.00 0.58

1.09 2.77

4.09 4.67

5.19 5.62

5.97 56
89236TPQ2
TOYOTA 4.05 03/13/2
3YrNC1mo
1,000

98.85 -2.48
-1.25
-0.63

0.00 0.63

1.27 2.85

3.62 4.00

4.39 4.79

5.18 57
61776N2D4
MS 3.8 03/12/29
3Yr Bullet
250

99.06 -2.49
-1.25
-0.63

0.00 0.63

1.27 2.52

3.29 3.68

4.07 4.46

4.85 58
59217GEZ8
MET 3.3 03/21/29
7Yr Bullet
1,500

96.65 -2.52
-1.27
-0.64

0.00 0.64

1.29 2.92

3.71 4.11

4.51 4.91

5.32 59
023135CG9
AMZN 3.45 04/13/29
7YrNC6.8Yr Amer
1,000

97.53 -2.54
-1.28
-0.64

0.00 0.65

1.29 2.66

3.47 3.88

4.29 4.70

5.10 60
3130BAGD3
FHLB 4.2 04/23/31
5YrNC1Yr
2,000

98.70 -3.13
-1.44
-0.69

0.00 0.60

1.12 2.04

3.41 4.02

4.57 5.05

5.47 61
46647PBD7
JPM 3.702 05/06/30
11YrNC10Yr 1x
1,500

97.31 -2.62
-1.32
-0.66

0.00 0.67

1.34 2.90

3.74 4.17

4.60 5.03

5.46 62
3136GCCY9
FNMA 4 01/06/31
5YrNC1Yr
4,000

98.20 -3.19
-1.50
-0.72

0.00 0.65

1.19 1.96

3.30 3.92

4.48 4.99

5.41 63
67066GAQ7
NVDA 4.35 06/15/29
3YrNC2.9Yr Amer
3,000

99.64 -2.67
-1.34
-0.67

0.00 0.68

1.36 2.59

3.47 3.91

4.36 4.80

5.24 64
3130B8BF8
FHLB 3.95 11/06/30
5YrNC1Yr Amer
830

97.89 -3.12
-1.48
-0.71

0.00 0.65

1.20 2.05

3.35 3.96

4.52 5.02

5.46 65
89235MPP0
TOYFBN 4.65 06/13/2
5Yr Bullet
245
101.30
-2.68
-1.35
-0.68

0.00 0.69

1.38 2.29

3.17 3.62

4.06 4.51

4.96 66
46659CSR2
JPM 4 01/14/31
5YrNC1Yr Berm
250

97.92 -3.25
-1.53
-0.74

0.00 0.66

1.25 1.94

3.30 3.92

4.51 5.02

5.48 67
3133EWPC8
FFCB 4.3 11/12/30

4.5YrNC2Yr Amer
2,000

98.84 -3.08
-1.48
-0.72

0.00 0.68

1.33 2.17

3.40 3.97

4.48 4.95

5.35 68
91282CEV9
T 3 1/4 06/30/29
7Yr Bullet
1,000

97.44 -2.76
-1.39
-0.70

0.00 0.71

1.42 2.19

3.11 3.58

4.04 4.51

4.99 69
89236TMK8
TOYOTA 4.55 08/09/2
5YrNC1mo
500

99.88 -2.81
-1.42
-0.71

0.00 0.72

1.45 2.58

3.51 3.98

4.45 4.93

5.40 70
91282CFL0
T 3 7/8 09/30/29
7Yr Bullet
5,000

99.11 -2.95
-1.49
-0.75

0.00 0.76

1.52 2.02

3.03 3.54

4.05 4.57

5.08 71
95004HBB3
WFC 4.15 02/12/31
5YrNC3Yr
2,000
100.00
-3.28
-1.60
-0.79

0.00 0.76

1.51 1.54

2.80 3.38

3.92 4.43

4.91 72
91282CFT3
T 4 10/31/29
7Yr Bullet
5,000

99.46 -3.02
-1.53
-0.77

0.00 0.77

1.56 1.95

3.00 3.53

4.06 4.59

5.13 City of Palmdale: Flagship Lite - Palmdale, CA

Page 38 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
58 Percentage Price Change / 12 Month Total Return
Price Change - Instantaneous Rate Shock
Projected TRR - 12mo. Horizon
Bond
Security
Original
Par
Mkt
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
73 91282CFY2
T 3 7/8 11/30/29
7Yr Bullet
5,000

99.04 -3.09
-1.56
-0.79

0.00 0.79

1.60 1.87

2.96 3.51

4.06 4.62

5.18 74
3134HCXZ7
FHLMC 3.7 03/10/31
5YrNC1Yr
2,000

97.20 -3.56
-1.72
-0.84

0.00 0.77

1.47 1.55

3.03 3.74

4.41 5.02

5.58 75
91282CGB1
T 3 7/8 12/31/29
7Yr Bullet
3,000

99.02 -3.16
-1.60
-0.80

0.00 0.81

1.63 1.79

2.92 3.49

4.07 4.64

5.22 76
61778EQC8
MS 3.95 02/25/30
4Yr Bullet
250

99.14 -3.29
-1.66
-0.84

0.00 0.84

1.70 1.73

2.90 3.50

4.09 4.69

5.30 77
91282CGQ8
T 4 02/28/30
7Yr Bullet
1,000

99.41 -3.29
-1.66
-0.84

0.00 0.85

1.70 1.69

2.87 3.46

4.06 4.66

5.27 78
57629TBX4
MASSMU 4.55 05/07/
5Yr Bullet
1,500

99.25 -3.41
-1.73
-0.87

0.00 0.88

1.77 2.12

3.38 4.01

4.65 5.29

5.93 79
06406RBK2
BK 4.596 07/26/30
8YrNC7Yr 1x
1,000

99.79 -3.56
-1.80
-0.90

0.00 0.91

1.82 1.27

2.58 3.25

3.91 4.58

5.24 80
91324PDX7
UNH 2 05/15/30
10YrNC1mo
1,000

91.01 -3.57
-1.80
-0.91

0.00 0.92

1.85 1.75

3.09 3.76

4.44 5.12

5.81 81
91282CPA3
T 3 5/8 09/30/30
5Yr Bullet
3,000

97.81 -3.79
-1.92
-0.96

0.00 0.98

1.97 1.20

2.64 3.37

4.10 4.83

5.57 82
30303MAB8
META 4.2 11/15/30
5YrNC4.9Yr Amer
1,500

98.31 -3.83
-1.94
-0.97

0.00 0.99

1.98 1.57

3.04 3.78

4.53 5.28

6.04 83
023135CT1
AMZN 4.1 11/20/30
5YrNC4.9Yr Amer
1,500

98.24 -3.85
-1.95
-0.98

0.00 0.99

1.99 1.47

2.95 3.70

4.45 5.21

5.97 84
89236TPH2
TOYOTA 4.2 01/10/31
5YrNC1mo
1,000

98.11 -3.97
-2.01
-1.01

0.00 1.02

2.06 1.51

3.03 3.80

4.57 5.35

6.13 85
02079KBK2
GOOGL 4.1 02/15/31
5YrNC4.9Yr Amer
1,000

98.29 -4.03
-2.04
-1.03

0.00 1.04

2.09 1.29

2.84 3.63

4.42 5.22

6.02 86
91282CJQ5
T 3 3/4 12/31/30
7Yr Bullet
1,000

98.16 -3.98
-2.02
-1.01

0.00 1.03

2.07 1.00

2.55 3.34

4.13 4.92

5.73 87
023135DD5
AMZN 4 1/4 03/13/31
5YrNC4.9Yr Amer
1,500

98.47 -4.07
-2.06
-1.04

0.00 1.05

2.11 1.34

2.93 3.73

4.53 5.34

6.15 88
38151GAJ0
GS 4.1 03/12/31
5Yr Bullet
2,000
100.00
-4.11
-2.08
-1.05

0.00 1.06

2.14 0.81

2.41 3.22

4.03 4.85

5.68 357,223

99.50 -0.99
-0.48
-0.24

0.00 0.23

0.45 3.67

3.82 3.90

3.96 4.02

4.05 City of Palmdale: Flagship Lite - Palmdale, CA

Page 39 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
59 Redemption at Next Call Date - Instantaneous Rate Shock Probability of Redemption at NEXT Call Date
BPs CURRENTLY Away From Par
Bond
Security
Original
Par
Next
ID #
CUSIP
Description
Structure
Value
Call Date
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
1 3130B4QA2
FHLB 4.55 07/21/28

3.5YrNC1.5Yr
3,000
07/21/26
100%
100%
100%
100%
100%
100%
0 0
0 0
0 0
5 3134GW4C7
FHLMC 0.8 10/27/26
6YrNC3mo Berm
5,000
07/27/26
0%
0%
0%
0%
0%
0%
427
375
349
323
298
272
6 3133ENJC5
FFCB 1.29 12/22/26
5YrNC2Yr Amer
5,000
07/22/26
0%
0%
0%
0%
0%
0%
391
340
314
289
263
238
8 3130AQRH8
FHLB 2 02/25/27
5YrNC3mo Berm
5,000
08/25/26
0%
0%
0%
0%
0%
0%
328
277
252
226
201
175
9 3130AL5A8
FHLB 0.9 02/26/27
6YrNC3mo Berm
5,000
08/26/26
0%
0%
0%
0%
0%
0%
438
387
361
336
310
285
10 808513BW4
SCHW 3.3 04/01/27

5.5YrNC5.3Yr Amer
500
01/01/27
0%
1%
1%
4%
4%
14%
200
149
124
99 73
48 11
3130ARHJ3
FHLB 3.175 04/19/27
5YrNC1mo
5,000
08/19/26
0%
0%
0%
0%
0%
0%
216
165
140
114
89 64
12 3133ERE23
FFCB 4.32 12/02/27
3YrNC2Yr Amer
1,000
12/02/26
0%
12%
12%
34%
34%
66%
112
61 36
11 -14
-39
13 75973QAA5
RNR 3.45 07/01/27
10YrNC9.8Yr Amer
500
04/01/27
0%
2%
7%
7%
19%
19%
194
145
120
95 70
45 16
3130B3XP3
FHLB 4 1/2 12/04/29
5YrNC2Yr 1x
1,000
12/04/26
12%
34%
66%
88%
88%
98%
94 44
19 -6
-31
-56
17 3130B9WM8
FHLB 4 03/14/28
2YrNC6mo Berm
2,500
09/14/26
0%
0%
0%
3%
25%
25%
153
103
78 53
27 2
20 3130BB6W0
FHLB 4.35 12/21/28

2.5YrNC6mo Berm
2,000
12/21/26
0%
12%
12%
34%
34%
66%
127
77 52
27 2
-23
21 3130BAW52
FHLB 4.32 12/15/28

2.5YrNC6mo Berm
1,890
12/15/26
0%
12%
12%
34%
34%
66%
131
81 56
31 6
-19
22 3136GAGW3
FNMA 4.1 08/10/28

3.25YrNC1.3Yr 1x
5,000
08/10/26
0%
0%
17%
17%
83%
83%
138
87 62
37 11
-14
23 53229WAE3
LGHOF 4.4 06/18/29
3YrNC6mo
250
12/08/26
0%
2%
12%
34%
34%
66%
119
70 46
22 -3
-27
27 3134HCE96
FHLMC 4.21 02/26/29
3YrNC5mo Berm
1,500
08/26/26
0%
0%
0%
0%
17%
17%
149
99 74
49 24
-2
28 3130BA4X2
FHLB 4 3/4 04/14/31
5YrNC6mo
1,520
10/14/26
0%
0%
6%
30%
30%
70%
123
73 48
23 -2
-27
31 3130B4RC7
FHLB 4 1/2 07/27/29

4.5YrNC2.5Yr 1x
3,000
07/27/27
22%
40%
60%
78%
78%
90%
95 46
21 -4
-29
-54
32 3130BBAN5
FHLB 4 1/2 06/15/29
3YrNC1Yr Berm
2,000
06/15/27
9%
21%
40%
40%
60%
60%
107
57 32
7 -17
-42
33 718172CE7
PM 3 1/8 03/02/28

10.25YrNC10.1Yr A
500
12/02/27
0%
3%
3%
7%
7%
14%
246
197
172
147
122
97 34
3133ETXV4
FFCB 3.83 09/15/28
3YrNC1Yr Amer
1,400
09/15/26
0%
0%
0%
0%
3%
3%
189
139
113
88 63
38 36
33622PAP8
OLMST 3.9 02/20/29
3YrNC6mo
250
08/20/26
0%
0%
0%
0%
0%
0%
176
127
103
78 54
29 37
3134HCV48
FHLMC 4 1/4 05/25/29
3YrNC1Yr Berm
2,000
05/25/27
3%
8%
20%
20%
39%
61%
141
91 66
41 16
-9
41 3133EWMX5
FFCB 4.03 04/30/29
3YrNC1Yr Amer
2,000
04/30/27
1%
8%
8%
20%
20%
39%
163
113
88 63
38 13
42 3134HADY6
FHLMC 4 08/14/29
5YrNC6mo Berm
4,000
08/14/26
0%
0%
0%
0%
0%
17%
180
130
104
79 54
29 43
797440CE2
SRE 4.95 08/15/28
5YrNC4.9Yr Amer
500
07/15/28
30%
43%
57%
70%
70%
81%
59 9
-16
-41
-65
-91
45 3130B9RD4
FHLB 4 09/10/29

3.5YrNC6mo Berm
2,000
09/10/26
0%
0%
0%
0%
3%
25%
179
129
104
79 54
29 46
06055JQF9
BAC 4.05 02/23/29
3YrNC1Yr
2,000
02/23/27
0%
1%
1%
5%
16%
16%
196
147
123
98 74
49 47
3133EWFX3
FFCB 3.7 03/05/29
3YrNC1Yr Amer
2,000
03/05/27
0%
1%
1%
6%
6%
17%
200
150
125
100
75 50
50 17290G5W3
C 4 1/2 06/30/29
3YrNC2Yr 1x
250
06/30/28
30%
43%
57%
57%
70%
81%
102
51 25
0 -25
-51
52 06406RBN6
BK 4.543 02/01/29
6YrNC5Yr 1x
656
02/01/28
0%
0%
0%
1%
1%
4%
-7
-57
-81
-106
-131
-156
53 3133ET5K9
FFCB 4.07 06/26/30

4.5YrNC6mo Amer
3,000
07/22/26
0%
0%
0%
0%
0%
0%
189
139
114
89 64
39 54
6174468G7
MS 4.431 01/23/30
11YrNC10Yr 1x
1,000
01/23/29
100%
100%
100%
100%
100%
100%
148
98 73
48 23
-2
55 46660NBS1
JPM 4 7/8 05/12/31
5YrNC1Yr
2,000
05/12/27
3%
8%
20%
20%
39%
39%
156
107
82 57
32 7
59 023135CG9
AMZN 3.45 04/13/29
7YrNC6.8Yr Amer
1,000
02/13/29
8%
14%
22%
32%
32%
44%
198
148
123
98 73
48 60
3130BAGD3
FHLB 4.2 04/23/31
5YrNC1Yr
2,000
04/23/27
2%
7%
19%
19%
38%
62%
161
111
86 61
36 11
City of Palmdale: Flagship Lite - Palmdale, CA

Page 40 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
60 Redemption at Next Call Date - Instantaneous Rate Shock Probability of Redemption at NEXT Call Date
BPs CURRENTLY Away From Par
Bond
Security
Original
Par
Next
ID #
CUSIP
Description
Structure
Value
Call Date
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
61 46647PBD7
JPM 3.702 05/06/30
11YrNC10Yr 1x
1,500
05/06/29
100%
100%
100%
100%
100%
100%
215
165
140
115
90 65
62 3136GCCY9
FNMA 4 01/06/31
5YrNC1Yr
4,000
01/06/27
0%
4%
4%
14%
14%
36%
188
138
113
88 63
38 63
67066GAQ7
NVDA 4.35 06/15/29
3YrNC2.9Yr Amer
3,000
05/15/29
23%
33%
44%
44%
56%
56%
113
63 38
13 -12
-37
64 3130B8BF8
FHLB 3.95 11/06/30
5YrNC1Yr Amer
830
11/06/26
0%
0%
0%
1%
1%
9%
209
159
134
109
84 59
66 46659CSR2
JPM 4 01/14/31
5YrNC1Yr Berm
250
01/14/27
0%
1%
1%
4%
14%
14%
204
152
127
101
76 50
67 3133EWPC8
FFCB 4.3 11/12/30

4.5YrNC2Yr Amer
2,000
05/12/28
5%
18%
18%
29%
43%
43%
143
93 68
43 19
-6
71 95004HBB3
WFC 4.15 02/12/31
5YrNC3Yr
2,000
02/12/29
22%
32%
44%
44%
56%
68%
99 50
25 0
-25
-50
74 3134HCXZ7
FHLMC 3.7 03/10/31
5YrNC1Yr
2,000
03/10/27
0%
1%
1%
6%
17%
17%
216
166
141
116
92 67
79 06406RBK2
BK 4.596 07/26/30
8YrNC7Yr 1x
1,000
07/26/29
0%
1%
1%
3%
5%
5%
55 6
-19
-44
-69
-94
82 30303MAB8
META 4.2 11/15/30
5YrNC4.9Yr Amer
1,500
10/15/30
13%
27%
27%
36%
45%
45%
143
93 68
43 18
-7
83 023135CT1
AMZN 4.1 11/20/30
5YrNC4.9Yr Amer
1,500
10/20/30
13%
27%
27%
36%
45%
45%
145
95 70
45 20
-5
85 02079KBK2
GOOGL 4.1 02/15/31
5YrNC4.9Yr Amer
1,000
01/15/31
14%
28%
28%
36%
45%
45%
142
92 67
42 17
-8
87 023135DD5
AMZN 4 1/4 03/13/31
5YrNC4.9Yr Amer
1,500
02/13/31
28%
36%
45%
45%
55%
64%
137
87 62
37 12
-13
99,296
City of Palmdale: Flagship Lite - Palmdale, CA

Page 41 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
61 Portfolio Changes
New Securities 5/2026-6/2026
CUSIP
Sector
Security Description
Maturity
Coupon
Original Face
Book Price
Intent
05612LLE0
CD
BMWG 4 1/4 12/18/28
12/18/2028

4.25 250,000
100.00
AFS
17290G5W3
CD
C 4 1/2 06/30/29
06/30/2029

4.50 250,000
100.00
AFS
3130BAW52
Treasury/Agency
FHLB 4.32 12/15/28
12/15/2028

4.32 1,890,000
100.00
AFS
3130BB6W0
Treasury/Agency
FHLB 4.35 12/21/28
12/21/2028

4.35 2,000,000
100.00
AFS
3130BBAN5
Treasury/Agency
FHLB 4 1/2 06/15/29
06/15/2029

4.50 2,000,000
100.00
AFS
53229WAE3
CD
LGHOF 4.4 06/18/29
06/18/2029

4.40 250,000
100.00
AFS
65504UAM9
CD
NOBLF 4.1 06/12/28
06/12/2028

4.10 250,000
100.00
AFS
67066GAQ7
Corporate
NVDA 4.35 06/15/29
06/15/2029

4.35 3,000,000

99.69 AFS
77357DAN8
CD
ROCKN 4 1/4 12/30/27
12/30/2027

4.25 250,000
100.00
AFS
91282CFZ9
Treasury/Agency
T 3 7/8 11/30/27
11/30/2027

3.88 3,000,000

99.63 AFS
91282CGH8
Treasury/Agency
T 3 1/2 01/31/28
01/31/2028

3.50 2,000,000

99.22 AFS
949764XV1
CD
WFC 4.2 06/20/28
06/20/2028

4.20 250,000
100.00
AFS
PALM1CAMP
Other
CAMP Accounts
07/31/2026

3.77 55,117,147
100.00
AFS
Partial Buy5/2026-6/2026
CUSIP
Sector
Security Description
Maturity
Coupon
Original Face
Book Price
Intent
Redemption Type
PALM1LAIF
Other
LAIF
07/31/2026

3.81 138,075,321
100.00
AFS
Same CUSIP buys
Securities Sold/Redeemed 5/2026-6/2026
CUSIP
Sector
Security Description
Maturity
Coupon
Original Face
Book Price
Intent
Redemption Type
307811KA6
CD
FMBKWI 5 06/14/28
06/14/2028

5.00 245,000
100.00
AFS
Called
8562855V9
CD
SBIIN 5.1 06/17/26
06/17/2026

5.10 245,000
100.00
AFS
Expired/Matured
06051XER9
CD
BAC 5.05 06/22/26
06/22/2026

5.05 245,000
100.00
AFS
Expired/Matured
35634MAE1
CD
FREBNJ 5.05 06/22/26
06/22/2026

5.05 245,000
100.00
AFS
Expired/Matured
34520LBC6
CD
FORBBK 5.05 06/15/26
06/15/2026

5.05 245,000
100.00
AFS
Expired/Matured
46625HRS1
Corporate
JPM 3.2 06/15/26
06/15/2026

3.20 500,000

96.97 AFS
Expired/Matured
38150VUZ0
CD
GS 5.05 06/11/26
06/11/2026

5.05 245,000
100.01
AFS
Expired/Matured
11271LAA0
Corporate
BNCN 4 1/4 06/02/26
06/02/2026

4.25 500,000

98.02 AFS
Expired/Matured
COPLAIF01
Other
CASH
06/30/2026

3.83 54,946,995
100.00
AFS
Expired/Matured
91282CHH7
Treasury/Agency
T 4 1/8 06/15/26
06/15/2026

4.13 5,000,000
100.04
AFS
Expired/Matured
05580A4Y7
CD
BMW 4.65 06/15/26
06/15/2026

4.65 240,000
101.43
AFS
Expired/Matured
City of Palmdale: Flagship Lite - Palmdale, CA

Page 42 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
62 Shocked Assumptions
Scenarios
Mod
Slight
Mod
Slight
Mod
Slight
Mod
Up Stp
Up Stp
Up Flt
Up Flt
+100
+50
+25
Base
-25
-50
Dn Stp
Dn Flt
Dn Flt
Shift Amount
3mo
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
6mo
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
12mo
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
2yr
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
3yr
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
5yr
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
10yr
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
30yr
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
Shock Horizon
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
Total Return Horizon
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
Shift Timing to Horizon
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Curve Type
Static
Static
Static
Static
Static
Static
Static
Static
Static
Static
Static
Static
Static
City of Palmdale: Flagship Lite - Palmdale, CA

Page 43 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
63 Assumptions
·

Curve Date
Same as Portfolio As Of Date
·

Curve Type Used
SOFRSwap Curve
·

Market Prices
Market prices are indications only, provided by Reuters unless otherwise specified ·

Horizon Price Methodology
Constant OAS where possible; constant nominal spread change as a secondary method ·

Horizon Period
0 month horizon for immediate rate shock scenarios; 12 month horizon for total return scenarios ·

Reinvestment Rate
SOFR
·

Cost of Funds

0.00%
·

Tax Rate

00.0%
·

Subtotal Weightings
Overall totals and subtotals are weighted by market value Additional Information
Adjustable Rate Securities
- YTM for ARMs and floaters assumes the coupon resets based on index levels implied by the static curve.

Projected Call Methodology
- The method used to determine the call assumes a small internal margin to account for the "cost to call." Municipals
- For taxable institutions, the above tax rate detailed - along with TEFRA adjustments for BQs - is used to calculate TEY unless otherwise noted.

Original Face
- If original face was not supplied, original face was estimated by dividing current face by current factor.

Dollar Amounts
- Unless otherwise specified, dollar amounts are displayed in thousands (000s).

City of Palmdale: Flagship Lite - Palmdale, CA

Page 44 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
64 The information contained herein has been prepared from sources believed reliable but is not guaranteed by Stifel and is not a complete summary or statement of all available data, nor is it to be construed as an offer to buy or sell any securities referred to herein. Opinions expressed are subject to change without notice and do not take into account the particular investment objectives, financial situation, or needs of investors. Employees of Stifel or its affiliates may, at times, release written or oral commentary, technical analysis, or trading strategies that differ from the opinions expressed within. No investments or services mentioned are available to "private customers" in the European Economic Area or to anyone in Canada other than a "Designated Institution." Stifel and/or its employees involved in the preparation or the issuance of this communication may have positions in the securities or options of the issuer/s discussed or recommended herein.

Securities identified herein are subject to availability and changes in price.

Stifel is a multi-disciplined financial services firm that regularly seeks investment banking assignments and compensation from issuers for services including, but not limited to, acting as an underwriter in an offering or financial advisor in a merger or acquisition, or serving as a placement agent in private transactions.

Moreover, Stifel and its affiliates and their respective shareholders, directors, officers, and/or employees, may from time to time have long or short positions in such securities or in options or other derivative instruments based thereon.

Readers of this report should assume that Stifel or one of its affiliates is seeking or will seek investment banking and/or other business relationships with the issuer or issuers, or borrower or borrowers, mentioned in this report. Stifel ’
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s Fixed Income Capital Markets. The views, if any, expressed by FICM Analysts herein accurately reflect their personal professional views about subject securities and borrowers. For additional information on investment risks (including, but not limited to, market risks, credit ratings, and specific securities provisions), contact your Stifel financial advisor or salesperson.

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’
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as applicable).

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2026
Stifel, Nicolaus & Company, Incorporated | Member NYSE, FINRA, SIPC 501
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. All rights reserved.

Disclaimer
City of Palmdale: Flagship Lite - Palmdale, CA

Page 45 of 45 ends

As of 6/30/2026
Portfolio ID: 7211 - 58411
65 City of Palmdale Successor - Flagship
Palmdale, CA
As of Date: 06/30/2026
Pricing as of: 06/30/2026
Date of Analysis: 07/08/2026
66 Portfolio Overview
Portfolio Attributes
Curr. Face
4,067
Mkt. Value
4,067
Book Value
4,067
Est. Gain/Loss
0 Ave. Mkt. Price
100.00
Ave. Bk. Price
100.00
Eff. Dur.

0.09 Eff. Conv.

0.00 OAS

4.2 Mkt YTP

3.85 Bk YTP

3.85 WAL

0.08 Line Items
1 City of Palmdale Successor - Flagship - Palmdale, CA

Page 2 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
67 Duration / Convexity
Eff. Dur.

0.09 Eff. Conv.

0.00 City of Palmdale Successor - Flagship - Palmdale, CA

Page 3 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
68 Portfolio Sector Summary
Market
%
Book
Market
Est
Eff
Eff Dur
% Δ
in Price
Sector
Par Value
Value
Port
Price
Price
G/L
Conv
Bk Yld
Mkt Yld
+50
Base
-50
+50
Base
-50
Cash & Other
4,067
4,067
100.0%
100.00
100.00
0 0.00

3.85 3.85

0.09 0.09

0.09 0.0%
0 0.0%
Portfolio Totals
4,067
4,067
100.0%
100.00
100.00
0 0.00

3.85 3.85

0.09 0.09

0.09 0.0%
0 0.0%
City of Palmdale Successor - Flagship - Palmdale, CA

Page 4 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
69 Peer Group Comparison
As of
Book
G/L
Book
Average Life
% Price Change
Effective
UST
Fix
Fix
Flt
Agy
Sm
Prv
%
Peer
Date
Value
%
Yield
Base
-50
+100
-50
+50
+100
Dur
Cvx
Agy
MBS
ARM
CMO
CMO
CMBS
Bus.

Label
Muni
Corp
CD
Other
Fixed
1 03/26
3,980

0.0 3.18

1.3 1.4
-1.2

1.2 -0.1
75%
0%
0%
0%
0%
0%
0%
0%
0%
0%
25%
0%
100%
2 06/26
3,689
-0.4

4.5 0.0

2.1 -0.5
0%
0%
0%
0%
0%
0%
0%
0%
5%
41%
54%
0%
100%
3 06/26
3,650
-1.2

2.46 1.3

1.3 -1.2

1.2 0.0
93%
0%
0%
0%
0%
0%
0%
0%
0%
0%
7%
0%
100%
4 05/26
5,017
-4.5

3.25 3.2

3.6 -3.1

2.9 -0.3
0%
14%
0%
35%
0%
6%
0%
0%
0%
0%
44%
0%
100%
5 06/26
73 -2.5

4.4 0.0

1.1 -0.6
0%
5%
95%
0%
0%
0%
0%
0%
0%
0%
0%
0%
5%
6 03/26
14 -1.0

2.5 0.0

0.7 0.0
0%
0%
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
7 04/26
10,839

0.1 4.24

2.8 2.9
-2.5

2.5 0.0
0%
0%
0%
0%
0%
7%
32%
0%
0%
0%
62%
0%
100%
8 06/26
11,495
-1.1

3.25 2.5

2.5 -2.3

2.3 0.1
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
9 06/26
12,543
-1.8

5.14 8.4

9.8 -4.2

3.6 -1.1
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
0%
0%
96%
10 04/26
13,473

0.6 4.47

2.2 2.6
-2.0

1.9 -0.3
33%
0%
0%
0%
0%
0%
0%
0%
22%
41%
4%
0%
100%
11 03/26
14,600
-1.0

0.64 0.4

0.4 -0.3

0.3 0.0
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
12 04/26
16,564
-2.1

3.23 2.8

2.8 -2.4

2.4 0.0
12%
0%
0%
0%
0%
24%
0%
0%
22%
3%
39%
0%
100%
13 05/26
17,908
-1.1

4.07 3.3

3.4 -2.5

2.1 -0.7
71%
0%
0%
0%
0%
25%
0%
0%
0%
0%
4%
0%
100%
14 06/26
18,350
-4.4

4.4 0.0

4.0 -0.2
7%
39%
0%
0%
0%
3%
45%
0%
0%
0%
7%
0%
100%
15 04/26
19,154
-0.9

3.95 3.6

4.0 -2.9

2.7 -0.5
43%
0%
0%
0%
0%
0%
0%
0%
0%
0%
57%
0%
100%
16 05/26
20,267
-0.2

4.13 1.7

1.8 -1.5

1.4 -0.2
39%
0%
0%
0%
0%
0%
0%
0%
0%
0%
61%
0%
100%
17 06/26
23,382
-8.8

4.9 12.8

0.0 4.0

0.0 22%
34%
5%
4%
0%
18%
1%
0%
17%
0%
0%
0%
95%
18 06/26
28,002
-2.1

4.0 4.5

0.0 2.5

0.0 0%
0%
0%
0%
0%
45%
0%
19%
0%
36%
0%
0%
64%
19 03/26
29,417
-4.2

3.21 5.4

5.4 -4.6

4.7 0.3
29%
17%
0%
0%
0%
54%
0%
0%
0%
0%
0%
0%
100%
20 03/26
29,883
-3.6

3.31 5.2

5.2 -4.3

4.5 0.3
16%
0%
0%
0%
0%
66%
0%
0%
0%
0%
18%
0%
100%
21 03/26
30,947
-0.4

3.45 1.8

1.9 -1.6

1.6 0.0
19%
0%
0%
0%
0%
29%
0%
0%
0%
0%
30%
22%
100%
22 03/26
33,466
-1.3

3.50 2.8

2.9 -2.5

2.5 0.0
3%
0%
0%
0%
0%
43%
0%
0%
1%
3%
49%
0%
100%
23 06/26
35,249
-0.7

2.4 0.0

2.2 0.1
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
24 06/26
40,058
-0.6

3.34 1.3

1.3 -1.2

1.3 0.0
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
25 06/26
40,601
-0.2

4.27 2.4

2.7 -2.1

1.9 -0.4
67%
0%
0%
0%
0%
0%
0%
0%
0%
0%
33%
0%
100%
Avg
18,505
-1.7

3.51 3.2

3.7 -1.7

2.3 -0.2
37%
4%
8%
2%
0%
13%
3%
1%
3%
9%
20%
1%
90%
Port
06/26
4,067

0.0 3.85

0.1 0.1

0.1 0.0

0.0 -0.1

0.1 0.0
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
100%
100%
Diff
-14,438

1.7 0.34
-3.1
-3.6

1.6 -2.2

0.2 -37%
-4%
-8%
-2%
0%
-13%
-3%
-1%
-3%
-9%
-20%
99%
10%
* 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 Successor - Flagship - Palmdale, CA

Page 5 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
70 Monthly Cashflow Profile - Next 30 Months
City of Palmdale Successor - Flagship - Palmdale, CA

Page 6 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
71 Monthly Cashflow Rate Shock - Next 30 Months
City of Palmdale Successor - Flagship - Palmdale, CA

Page 7 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
72 Annual Cashflow Profile
City of Palmdale Successor - Flagship - Palmdale, CA

Page 8 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
73 Annual Cashflow Rate Shock
City of Palmdale Successor - Flagship - Palmdale, CA

Page 9 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
74 5-Year Quarterly Principal Cash Flow Projections
5-Year Quarterly Principal Cash Flow Projections
Percentage of Total Cash Flow Projections
Period
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
3Q26

4.1 4.1

4.1 4.1
100%
100%
100%
100%
100%
100%
In Millions
12-Month Principal Cash Flow Projections
Percentage of Total Cash Flow Projections
Period
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
Jul 26

4.1 4.1

4.1 4.1
100%
100%
100%
100%
100%
100%
City of Palmdale Successor - Flagship - Palmdale, CA

Page 10 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
75 Cash Flow and Rolloff Yield - Next 12 Months
Yield Rolloff
Month
Begin BY
Principal CF
Rolloff Yld
Ending BY
Jul 2026

3.85 4,067

3.85 Shocked Principal and Interest Cash Flow Analysis
Year
Mod Up Stp
+100
+50
+25
-25
-50
Mod Dn Flt
Jul 2026
4,093
4,093
4,093
4,093
4,093
4,093
4,093
City of Palmdale Successor - Flagship - Palmdale, CA

Page 11 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
76 Sector Cash Flow - Next 12 Months
Jul 26
Aug 26
Sep 26
Oct 26
Nov 26
Dec 26
Jan 27
Feb 27
Mar 27
Apr 27
May 27
Jun 27
Bk Yld Chg
Other
Cash Flow
4,093
End BY
Total
Cash Flow
4,093
End BY
City of Palmdale Successor - Flagship - Palmdale, CA

Page 12 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
77 Cash Flow and Rolloff Yield - Next 3 Years
Yield Rolloff
Quarter
Begin BY
Principal CF
Rolloff Yld
Ending BY
3Q26

3.85 4,067

3.85 Shocked Principal and Interest Cash Flow Analysis
Quarter
Mod Up Stp
+100
+50
+25
-25
-50
Mod Dn Flt
3Q26
4,093
4,093
4,093
4,093
4,093
4,093
4,093
City of Palmdale Successor - Flagship - Palmdale, CA

Page 13 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
78 Sector Cash Flow - Next 3 Years
3Q26
4Q26
1Q27
2Q27
3Q27
4Q27
1Q28
2Q28
3Q28
4Q28
1Q29
2Q29
Bk Yld Chg
Other
Cash Flow
4,093
End BY
Total
Cash Flow
4,093
End BY
City of Palmdale Successor - Flagship - Palmdale, CA

Page 14 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
79 Cash Flow and Rolloff Yield - Next 10 Years
Yield Rolloff
Year
Begin BY
Principal CF
Rolloff Yld
Ending BY
2026

3.85 4,067

3.85 2027
2028
2029
2030
2031
2032
2033
2034
2035
Shocked Principal and Interest Cash Flow Analysis
Year
Mod Up Stp
+100
+50
+25
-25
-50
Mod Dn Flt
2026
4,093
4,093
4,093
4,093
4,093
4,093
4,093
City of Palmdale Successor - Flagship - Palmdale, CA

Page 15 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
80 Sector Cash Flow - Next 10 Years
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
Bk Yld Chg
Other
Cash Flow
4,093
End BY
Total
Cash Flow
4,093
End BY
City of Palmdale Successor - Flagship - Palmdale, CA

Page 16 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
81 Gap Analysis - Potential Income Impact of Principal Reinvestment Assumed
Estimated
Income
Resulting
Reinvestment
Annualized
Difference from
Book
Yield
Income
Current Book
Yield

0.25 10
-146

0.25 0.50
20 -136

0.50 0.75
31 -126

0.75 1.00
41 -116

1.00 1.25
51 -106

1.25 1.50
61 -96

1.50 1.75
71 -85

1.75 2.00
81 -75

2.00 2.25
92 -65

2.25 2.50
102
-55

2.50 2.75
112
-45

2.75 3.00
122
-35

3.00 3.25
132
-24

3.25 3.50
142
-14

3.50 3.75
153
-4

3.75 4.00
163
6 4.00

4.25 173
16 4.25

4.50 183
26 4.50

4.75 193
37 4.75

5.00 203
47 5.00

5.25 214
57 5.25

5.50 224
67 5.50

5.75 234
77 5.75

6.00 244
87 6.00

6.25 254
98 6.25

6.50 264
108

6.50 6.75
275
118

6.75 7.00
285
128

7.00 7.25
295
138

7.25 7.50
305
149

7.50 7.75
315
159

7.75 8.00
325
169

8.00 Principal Maturing(12 Mo.Horizon): $4,067
Current Book Yield of Principal Maturing: 3.85%
Est. Annual Income at Current Book Yield: $157
City of Palmdale Successor - Flagship - Palmdale, CA

Page 17 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
82 Effective Duration - Instantaneous Rate Shock
City of Palmdale Successor - Flagship - Palmdale, CA

Page 18 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
83 % Px Chng - Instantaneous Rate Shock
City of Palmdale Successor - Flagship - Palmdale, CA

Page 19 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
84 Total Returns - 12mo Horizon
City of Palmdale Successor - Flagship - Palmdale, CA

Page 20 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
85 Book Yield / Duration
*Only securities >=$1mm shown
City of Palmdale Successor - Flagship - Palmdale, CA

Page 21 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
86 Market Yield / Duration
*Only securities >=$1mm shown
City of Palmdale Successor - Flagship - Palmdale, CA

Page 22 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
87 Total Return / Duration
*Only securities >=$1mm shown
City of Palmdale Successor - Flagship - Palmdale, CA

Page 23 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
88 OAS / Duration
*Only securities >=$1mm shown
City of Palmdale Successor - Flagship - Palmdale, CA

Page 24 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
89 CD Option - Adjusted Analysis
Bond
Security
Maturity
Opt
Cpn
Industry
Par
Book
Mkt
Book
Market
Eff
Eff
ID #
CUSIP
Description
Ticker
Cpn
Date
Call
Type
Sector
Value
Price
Price
Yield
Yield
WAL
Dur
Conv
City of Palmdale Successor - Flagship - Palmdale, CA

Page 25 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
90 Book Yield Table - Instantaneous Rate Shock
Projected Call Date - Instantaneous Rate Shock
Book Yield Table - Instantaneous Rate Shock
Bond
Security
Original
Par
Book
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
1 PALM1LAIF

STATE OF

CALIFORNIA LOCAL
4,067
100.00
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26

3.85 3.85

3.85 3.85
4,067
100.00

3.85 3.85

3.85 3.85
City of Palmdale Successor - Flagship - Palmdale, CA

Page 26 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
91 Market Yield Table - Instantaneous Rate Shock
Projected Call Date - Instantaneous Rate Shock
Market Yield Table - Instantaneous Rate Shock
Bond
Security
Original
Par
Mkt
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
1 PALM1LAIF

STATE OF

CALIFORNIA LOCAL
4,067
100.00
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26
7/31/26

3.85 3.85

3.85 3.85
4,067
100.00

3.85 3.85

3.85 3.85
City of Palmdale Successor - Flagship - Palmdale, CA

Page 27 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
92 Percentage Price Change / 12 Month Total Return
Price Change - Instantaneous Rate Shock
Projected TRR - 12mo. Horizon
Bond
Security
Original
Par
Mkt
ID #
CUSIP
Description
Structure
Value
Price
+100
+50
+25
Base
-25
-50
+100
+50
+25
Base
-25
-50
1 PALM1LAIF

STATE OF CALIFOR
4,067
100.00
-0.09
-0.04
-0.02

0.00 0.02

0.04 4.21

3.98 3.86

3.74 3.62

3.51 4,067
100.00
-0.09
-0.04
-0.02

0.00 0.02

0.04 4.21

3.98 3.86

3.74 3.62

3.51 City of Palmdale Successor - Flagship - Palmdale, CA

Page 28 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
93 Portfolio Changes
No Portfolio Changes
City of Palmdale Successor - Flagship - Palmdale, CA

Page 29 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
94 Shocked Assumptions
Scenarios
Mod
Slight
Mod
Slight
Mod
Slight
Mod
Up Stp
Up Stp
Up Flt
Up Flt
+100
+50
+25
Base
-25
-50
Dn Stp
Dn Flt
Dn Flt
Shift Amount
3mo
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
6mo
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
12mo
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
2yr
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
3yr
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
5yr
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
10yr
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
30yr
75 38
75 38
100
50 25
0 -25
-50
-75
-38
-75
Shock Horizon
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
0 Months
Total Return Horizon
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
12 Months
Shift Timing to Horizon
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Ramped
Curve Type
Static
Static
Static
Static
Static
Static
Static
Static
Static
Static
Static
Static
Static
City of Palmdale Successor - Flagship - Palmdale, CA

Page 30 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
95 Assumptions
·

Curve Date
Same as Portfolio As Of Date
·

Curve Type Used
SOFRSwap Curve
·

Market Prices
Market prices are indications only, provided by Reuters unless otherwise specified ·

Horizon Price Methodology
Constant OAS where possible; constant nominal spread change as a secondary method ·

Horizon Period
0 month horizon for immediate rate shock scenarios; 12 month horizon for total return scenarios ·

Reinvestment Rate
SOFR
·

Cost of Funds

0.00%
·

Tax Rate

00.0%
·

Original Face
- If original face was not supplied, original face was estimated by dividing current face by current factor.

Dollar Amounts
- Unless otherwise specified, dollar amounts are displayed in thousands (000s).

City of Palmdale Successor - Flagship - Palmdale, CA

Page 31 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
96 The information contained herein has been prepared from sources believed reliable but is not guaranteed by Stifel and is not a complete summary or statement of all available data, nor is it to be construed as an offer to buy or sell any securities referred to herein. Opinions expressed are subject to change without notice and do not take into account the particular investment objectives, financial situation, or needs of investors. Employees of Stifel or its affiliates may, at times, release written or oral commentary, technical analysis, or trading strategies that differ from the opinions expressed within. No investments or services mentioned are available to "private customers" in the European Economic Area or to anyone in Canada other than a "Designated Institution." Stifel and/or its employees involved in the preparation or the issuance of this communication may have positions in the securities or options of the issuer/s discussed or recommended herein.

Securities identified herein are subject to availability and changes in price.

Disclaimer
City of Palmdale Successor - Flagship - Palmdale, CA

Page 32 of 32 ends

As of 6/30/2026
Portfolio ID: 6922 - 58411
97 City Council Staff Report

DATE: AUGUST 4, 2026

TO: HONORABLE MAYOR AND CITY COUNCIL

FROM: CITY MANAGER DEPARTMENT

LEGISLATIVE AFFAIRS DIVISION

DISTRICT: ALL

SUBJECT: APPROVE SECOND AMENDMENT TO AGREEMENT S WITH
ADVANCED AVANT -GARDE, INC. , AND TOWNSEND PUBLIC

AFFAIRS FOR COMPREHENSIVE GRANT -RELATED SERVICES,
INCREASING EACH AGREEMENT AMOUNT BY $10 2,000, FOR A
NOT TO EXCEED AMOUNT OF $210,000 FOR ADVANCED AVANT-
GARDE, INC., AND FOR A NOT TO EXCEED AMOUNT OF $228,000

FOR TOWNSEND PUBLIC AFFAIRS FOR A COMBINED NOT TO
EXCEED TOTAL OF $438,000 , AND EXERCISE THE SECOND

OPTION TO EXTEND BOTH AGREEMENTS THROUGH DECEMBER
2027, COMPLETING THE FULL THREE-YEAR TERM

RECOMMENDATION

Staff recommend that the City Council:

1. Approve the Second Amendment to Agreement No. A-9035 with Advanced Avant- Garde, Inc. , for comprehensive grant-related services, increase the agreement amount by $102,000 for a total not to exceed amount of $210,000 , and exercise the second option to extend the agreement through December 2027, completing the full three-year term;

2. Authorize the City Manager or his designee to execute the Second Amendment to Agreement No. A-9035 with Advanced Avant-Garde, Inc., including minimal and/or non-substantial changes;

3. Approve the Second Amendment to Agreement No. A-9036 with Townsend Public Affairs for comprehensive grant -related services , increasing the agreement amount by $108,000 for a total not to exceed amount of $228,000, and exercising the second option to extend the agreement through December 2027, completing the full three-year term; and,

4. Authorize the City Manager or his designee to execute the Second Amendment to Agreement No. A -9036 with Townsend Public Aff airs, including minimal and/or non-substantial changes.

98 Report to Mayor and City Council
Re: Approve Second Amendment to Agrmt Nos. A-9035 with Advanced Avant -Garde, Inc., and A-9036 with Townsend Public Affairs
August 4, 2026

Page 2 ends

BACKGROUND
In May 2024, the City issued Request for Proposals (RFP 23-002-1100) to establish multi- year professional services agreements for grant consulting. The consultants provide support in identifying funding opportunities, preparing and submitting grant applications, advocating for awarded grants, and assisting with grant administration for a variety of City programs and capital improvement projects. Following the competitive procurement process, Advanced Avant-Garde, Inc., and Townsend Public Affairs and were selected.

On February 13, 2025, the City entered into Agreement No. A-9035 with Advanced Avant- Garde, Inc., and on April 2, 2025, the City entered into Agreement No. A -9036 with Townsend Public Affairs. Both agreements included an initial one-year term with options to extend for two additional years. First Amendments to the agreements were executed on February 25, 2026, for Advanced Avant -Garde, Inc., and March 10, 2026, for Townsend Public Affairs.

The City now seeks to exercise the second option to extend both agreements through December 2027, completing the full three-year term.

DISCUSSION
To date, the Consultant teams have helped the City secure approximately $31.3 million in grant funding, with an additional $136.5 million in grant applications currently under review with grantors. The Consultants help City staff identify grant opportunities, prepare strong applications, and support the grant process from application throu gh award management. They also continue to support pending applications, identify new funding opportunities, and provide strategic guidance to improve future grant success.

The Legislative Affairs Division coordinates the City's grant program through month ly strategy meetings with the Consultant teams and City departments to identify funding priorities, assess project readiness, and coordinate grant application efforts.

Approval of the proposed Second Amendment will extend the agreements, increase the contract not to exceed amounts, and allow the Consultants to continue providing specialized grant services. The extension will ensure continuity, preserve institutional knowledge, and maintain the City's ability to pursue external funding opportunities without interruption.

FISCAL IMPACT

$210,000; $144,000 are budgeted for FY 2026-27 and available in the Legislative Affairs contract services account. Funds for subsequent years will be proposed through the annual budget process.

99 Report to Mayor and City Council
Re: Approve Second Amendment to Agrmt Nos. A-9035 with Advanced Avant -Garde, Inc., and A-9036 with Townsend Public Affairs
August 4, 2026

Page 3 ends

STRATEGIC PLAN

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

C. Pursue alternative financing opportunities for continued infrastructure improvements and quality community programs.

Prepared by: Nardy Lopez, Assistant City Manager
Certified as to availability of Funds: Janelle Samson, Deputy City Manager Approved by: Salvador Mendez, City Manager
Approved as to form: Alexandra Severino, City Attorney

ATTACHMENTS

Agrmt No. A 9035 Second Amendment with Advanced Avant-Garde, Inc.

Agrmt No. A-9035 First Amendment with Advanced Avant-Garde, Inc.

Agrmt No. A-9035 with Advanced Avant-Garde, Inc.

Agrmt No. A-9036 Second Amendment with Townsend Public Affairs Agrmt No. A-9036 First Amendment with Townsend Public Affairs Agrmt No. A-9036 with Townsend Public Affairs

100
SECOND AMENDMENT TO AGREEMENT A- 9035
BETWEEN THE CITY OF PALMDALE AND ADVANCED AVANT-GARDE, INC.

This Second Amendment to Agreement No. A-9035 (“Agreement”) is made and entered into by and between the City of Palmdale (hereinafter called “CITY”) and ADVANCED AVANT-GARDE, INC. (hereinafter called "CONTRACTOR"). This Contract shall become effective on the date of the last signatory.

WHEREAS, on 02/13/2025 ("Original Agreement") the CITY and CONTRACTOR entered into an agreement to provide:

Comprehensive grant-related services, including grant seeking, grant writing, post- submission advocacy, grant administration, and compliance management.

On 02/25/2026 First Amendment to Agreement No. A-9035 was executed to amend the term and original contract price by $36,000, for a total not to exceed contract amount of $108,000.

WHEREAS, the parties desire to amend the Original Agreement to:

Extend the agreement term for an additional 18 months from July 1, 2026 to December 31, 2027.

NOW THEREFORE, the parties agree as follows:

4 CONTRACT TERM
Original Agreement Term: 12 Months (Exp. 01/30/2026)
First Amendment: 5 Months (Exp. 6/30/2026)
Second Amendment: 18 Months (Exp. 12/31/2027)
6 PRICE
The compensation in the Original Agreement was amended to increase the Agreement by THIRTY-SIX THOUSAND dollars ($36,000), for a total not to exceed amount of ONE HUNDRED EIGHT THOUSAND dollars ($108,000).

The compensation is amended to increase the Agreement by ONE HUNDRED TWO THOUSAND dollars ($102,000) for a total not to exceed amount of TWO HUNDRED TEN THOUSAND dollars ($210,000).

Original Agreement Amount...................................$72,000 First Amendment Amount.......................................$36,000 Second Amendment Amount..................................$102,000 The agreement is Not-To-Exceed (NTE) Two Hundred Ten Thousand Dollars ($210,000)

1-2Concord - Document ID: 033yb8msQhyroMxpnTKPxl
101
All other terms and conditions of the Original Agreement not amended herein, remain in full force and effect.

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:

ADVANCED AVANT-GARDE, INC.:

Salvador Mendez
City Manager

Ana Marie LeNoue
President
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ADVANCED AVANT-GARDE, INC.
807 S. Lemon Ave.

Diamond Bar, CA 91789
APPROVE AS TO FORM:

Alexandra Severino
City Attorney

ATTEST:

Rochelle Scott
City Clerk

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

■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) ■Original contract and previous amendment(s) (if any) are attached ■Attached Agreement Checklist and met all requirements
■Attach Quotes, Solicitation Docs, City's Best Interest, Government Code, etc. 2-2Concord - Document ID: 033yb8msQhyroMxpnTKPxl
102
Record of Signing
Signed with https://www.concord.app/
For
Name
Title
City of Palmdale
Nardy Lopez
Deputy City Manager
Signed on Jul 30, 2026 11:34 AM PDT
Secured by Concord™
DocumentID: 033yb8msQhyroMxpnTKPxl
SigningID: 033yb8mgdPdvEynQe0nh6L
UTC Signing time: 2026-07-30 18:34:10 UTC
IP Address: 70.243.29.6
Email: [email protected]
For
Name
Title
[email protected]
Ana Marie LeNoue
Signed on Jul 30, 2026 11:53 AM PDT
Secured by Concord™
DocumentID: 033yb8msQhyroMxpnTKPxl
SigningID: 033ybc5awJTcC2AsAaZTJa
UTC Signing time: 2026-07-30 18:53:25 UTC
IP Address: 172.115.161.253
Email: [email protected]
103
FIRST AMENDMENT TO AGREEMENT A- 9035
BETWEEN THE CITY OF PALMDALE AND ADVANCED AVANT GARDE, INC.

This FIRST Amendment to Agreement No. A-9035 (“Agreement”) is made and entered into by and between the City of Palmdale (hereinafter called “CITY”) and ADVANCED AVANT GARDE, INC. (hereinafter called "CONSULTANT"). This Contract shall become effective on the date of the last signatory.

WHEREAS, on 02/13/2025 ("Original Agreement") the CITY and CONSULTANT entered into an agreement to provide:

CONSULTANT to provide services to perform the following grant-seeking and writing services work plan, and compliance management services, including but not limited to:

Strategic Planning and Grant Research
CONSULTANT shall coordinate meetings with CITY to identify priority projects and programs in need of grant funding. This process will include discussions on eligible grant funding from County, State, Federal, or private sources.

CONSULTANT shall research and identify potential grants and funding sources aligned with CITY priorities. The findings will include areas such as eligibility criteria, competitiveness, funding levels, and application deadlines. CONSULTANT shall assist the CITY in developing a strategic funding plan.

Grant Application Development and Submittal
CONSULTANT shall develop, draft, and submit grant applications, including all supplemental materials (e.g., budgets, maps, photos, plans, demographic data, and letters of support).

CONSULTANT shall share each grant application with CITY for review and approval prior to submission, ensure timely submission of all applications, provide proof of submission receipts, and provide CITY with a complete copy of each submitted application package.

CONSULTANT shall leverage relationships with funding agency officials and stakeholders to align grant applications with program goals, enhancing their competitiveness. Support may include crafting compelling narratives, securing stakeholder letters of support, and other strategic materials.

Post-Submission Advocacy and Monitoring
CONSULTANT shall contact legislators and agency officials to promote the need and urgency of CITY grant applications. Efforts shall include drafting letters of support and coordinating with legislators to engage granting agencies.

CONSULTANT shall monitor the status of submitted applications and provide CITY with regular updates, including progress reports on active applications and a 1-4Concord - Document ID: 032UugEMAt3r85J52FfC8A
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summary of grant applications submitted and their outcomes.

The CONSULTANT shall submit a monthly report detailing key activities, updates, and outcomes for CITY, which will accompany the monthly invoices.

Post-Award Administration and Compliance
CONSULTANT shall provide assistance with post-award administration and compliance, including:
a) Interaction with granting agencies on behalf of CITY; b) Support for drafting and submitting required reports, evaluations, and compliance documentation; and,
c) Budget analysis and tracking of expenditures and reimbursements to ensure alignment with grant requirements.

CONSULTANT shall assist CITY in identifying fund balances, eligible projects, and creative funding strategies to maximize program outcomes.

General Provisions
All project deliverables shall be reviewed and approved by CITY to ensure acceptable completion. CITY reserves the right to review and inspect work at its discretion.

CONSULTANT shall not accept any changes to the scope of work or contract provisions without prior written authorization from CITY.

CITY shall provide CONSULTANT with necessary data, reports, records, and other information to facilitate timely performance of services.

WHEREAS, the parties desire to amend the Original Agreement to:

Exercise the first option to extend the agreement for an additional term of six (6) months, as outlined in A-9035 and increase the contract amount to reflect an additional retainer amount for the provided services outlined in the Scope of Work.

NOW THEREFORE, the parties agree as follows:

The compensation identified in the Original Agreement is amended to increase the Agreement by THIRTY SIX THOUSAND dollars ($36,000) for a total not to exceed amount of ONE HUNDRED AND EIGHT THOUSAND dollars ($108,000).

The Agreement term is extended to June 30, 2026.

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All other terms and conditions of the Original Agreement not amended herein, remain in full force and effect.

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:

ADVANCED AVANT GARDE, INC.:

Salvador Mendez
Interim City Manager

Ana LeNoue
President
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ADVANCED AVANT GARDE, INC.
807 S. Lemon Ave.

Diamond Bar, CA 91789
APPROVE AS TO FORM:

Alexandra Severino
City Attorney

ATTEST:

Rochelle Scott
City Clerk

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

■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) 3-4Concord - Document ID: 032UugEMAt3r85J52FfC8A
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■Original contract and previous amendment(s) (if any) are attached ■Attached Agreement Checklist and met all requirements
4-4Concord - Document ID: 032UugEMAt3r85J52FfC8A
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Record of Signing
Signed with https://www.concord.app/
For
Name
Title
City of Palmdale
Nardy Lopez
Deputy City Manager
Signed on Feb 19, 2026 2:02 PM PST
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SigningID: 032UugEAZg9PiD6hFAg1a6
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IP Address: 206.171.111.149
Email: [email protected]
For
Name
Title
[email protected]
Ana Marie LeNoue
Signed on Feb 19, 2026 4:26 PM PST
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For
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City of Palmdale
Alexandra Severino
Signed on Feb 24, 2026 9:10 AM PST
Secured by Concord™
DocumentID: 032UugEMAt3r85J52FfC8A
SigningID: 032XeC3E3ltwYEkp19twhx
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Title
[email protected]
Salvador Mendez
Signed on Feb 24, 2026 12:06 PM PST
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DocumentID: 032UugEMAt3r85J52FfC8A
SigningID: 032XiVs43GieV7GTUpsesC
UTC Signing time: 2026-02-24 20:06:19 UTC
IP Address: 206.171.111.149
Email: [email protected]
For
Name
Title
City of Palmdale
Rochelle Scott
City Clerk
Signed on Feb 25, 2026 11:53 AM PST
Secured by Concord™
DocumentID: 032UugEMAt3r85J52FfC8A
SigningID: 032YHX6evtuJzt8w1Ec5Gn
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IP Address: 206.171.111.149
Email: [email protected]
108
AGREEMENT NO. A-9035

CONTRACT FOR CONSULTANT SERVICES
BETWEEN THE CITY OF PALMDALE AND ADVANCED AVANT-GARDE, INC.

THIS CONTRACT FOR CONSULTANT 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 ADVANCED AVANT-GARDE, INC. (hereinafter called “CONSULTANT”). This Contract shall become effective on the date of the last signatory.

RECITALS
WHEREAS, City desires to engage CONSULTANT to provide certain consultant services; and
WHEREAS, CONSULTANT represents that CONSULTANT has the expertise and is qualified to perform the services described in this Contract. And, if required, is duly registered under the laws of the State of California; and WHEREAS, CONSULTANT desires to accept such engagement.

NOW, THEREFORE, the parties agree as follows:
1 DESCRIPTION OF WORK

1.1 The City hereby engages CONSULTANT, and CONSULTANT accepts such engagement, to provide the following services:

CONSULTANT to provide services to perform the following grant-seeking and writing services work plan, and compliance management services, including but not limited to:

The CONSULTANT shall submit a monthly report detailing key activities, updates, and outcomes for CITY, which will accompany the monthly invoices.

CONSULTANT shall assist CITY in identifying fund balances, eligible projects, and creative funding strategies to maximize program outcomes.

Unsuccessful Applications
In the event of unsuccessful applications, CONSULTANT shall coordinate debriefing sessions with funding agencies to gather feedback and provide recommendations for future submissions to increase the likelihood of success. 2-14Concord - Document ID: 02yzq8vcijTKNj64pgCNa7
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General Provisions
All project deliverables shall be reviewed and approved by CITY to ensure acceptable completion. CITY reserves the right to review and inspect work at its discretion.

CONSULTANT shall not accept any changes to the scope of work or contract provisions without prior written authorization from CITY.

CITY shall provide CONSULTANT with necessary data, reports, records, and other information to facilitate timely performance of services.

CONSULTANT shall perform and complete all such work and services in a manner satisfactory to CITY.

1.2 Project deliverables shall be reviewed and approved by CITY to determine acceptable completion. CITY shall have the right to review and inspect the work during the course of its performance at such times as may be specified by CITY.

1.3 CONSULTANT shall not accept any change of scope, or change in contract provisions, 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.

1.4 CITY shall provide to CONSULTANT, 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. 2 CITY PROJECT MANAGER
To provide the services required by this Contract, CONSULTANT shall act under the authority and approval of a Project Manager appointed by CITY. The City Project Manager will oversee the work under this Contract, assist CONSULTANT with any necessary information, audit billings, and approve payments. CONSULTANT shall channel reports, deliverables, and special requests through the City Project Manager. 3 CONSULTANT’S KEY PERSONNEL
CONSULTANT’s Team and Key Personnel are as follows:

Ana LeNoue, President and Megan LeNoue
This Consultant Services Contract has been awarded to CONSULTANT based on its representation that those personnel and subcontractors listed above will perform the portions of the work listed herein. CONSULTANT shall not deviate nor substitute any of these team members without prior written approval by CITY. 3-14Concord - Document ID: 02yzq8vcijTKNj64pgCNa7
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4 CONTRACT TERM
The term of this contract is ONE (1) YEAR, commencing on the effective date, with CITY reserving the option to extend the agreement for TWO (2) additional terms of one (1) year each.
5 TAXES

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

5.2 CONSULTANT 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 CONSULTANT or acting on its behalf, in connection with this Contract shall be considered the Agent or employee of CITY.

5.3 CONSULTANT 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.
6 PATENT FEES AND ROYALTIES
CONSULTANT 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, product or device which is the subject of patent rights or copyrights held by others. If a particular invention, design, process, product or device is specified by CITY 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. CONSULTANT 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, product or device not specified by CITY, and shall defend all such claims in connection with any alleged infringement of such rights. 7 STANDARDS OF PERFORMANCE
CONSULTANT shall be responsible for the completeness and accuracy of its services and work and documents resulting there from, and CITY shall not be responsible for discovering deficiencies therein. CONSULTANT shall correct any such deficiencies or errors without additional compensation and without cost to CITY, except to the extent any such deficiency is directly attributable to deficiencies in CITY -furnished information.
8 CONSULTANT’S PERSONNEL
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8.1 All services required under this Contract shall be performed by CONSULTANT, or under CONSULTANT’S direct supervision, and all personnel shall possess the qualifications, permits and licenses required by State and local law to perform such services.

8.2 CONSULTANT 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 CITY.

8.3 CONSULTANT shall be responsible for payment of all CONSULTANT’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.

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

9.1 For all of work and services including the various phases of tasks as described in Section 1, CITY shall pay to CONSULTANT an amount not to exceed the sum of SEVENTY TWO THOUSAND dollars ($72000), payable as follows:

CITY shall pay CONSULTANT a not to exceed amount of $72,000 for services at a monthly invoiced amount of $6,000.

The Contract Price is CONSULTANT’S estimate of its charges for all of the services, including all labor, equipment, material, subcontractor and reimbursable costs, to be provided under this Agreement. Progress payments shall be made on a time and material basis. Final payment shall be made upon completion of all services and City acceptance of all deliverables, not-to-exceed the Contract Price.

9.2 CONSULTANT shall perform no work in excess of the total contract price without prior written approval of CITY. Total contract price includes expenses related to travel to and from CITY to meet with City and to appear, if so required, before City Council or any other board or commission of CITY.

9.3 CONSULTANT shall maintain adequate records and shall permit inspection and audit by CITY of CONSULTANT’s charges under this Contract. CONSULTANT 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 CONSULTANT for one (1) year following completion of the 5-14Concord - Document ID: 02yzq8vcijTKNj64pgCNa7
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work under this Contract unless a longer period of time is required by state or federal law, in which event CONSULTANT shall retain its records for the time required by such laws.

9.4 No payment made hereunder by CITY to CONSULTANT, shall be construed as an acceptance by CITY of any work or materials, nor as evidence of satisfactory performance by CONSULTANT of its obligations under this Contract. 10 INDEMNIFICATION
To the fullest extent permitted by law, CONSULTANT and any contractors or 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 CONSULTANT, its contractors or subcontractors, and regardless of any acts, omissions or negligence (whether active or passive) of any person or entity indemnified hereunder. At their own expense, CONSULTANT and, as applicable, any contractors or 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. CONSULTANT shall ensure that the contract of any contractor or subcontractor working under this agreement contain an indemnity agreement, requiring the contractor or subcontractor to indemnify and defend the Indemnified Parties pursuant the terms set forth above. CONSULTANT 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.
11 INSURANCE

11.1 CONSULTANT, 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.

Proof of Insurance, as identified in Section 11.8, must be reviewed and accepted by the City Attorney.

11.1.1 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
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11.1.2 Professional Liability (Errors & Omissions) Insurance*  $1,000,000 limit on a per occurrence basis

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

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

11.2 All of CONSULTANT’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.

11.3 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, in the same manner as the named 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 certificate and endorsements shall state: “The City of Palmdale, the Successor Agency of the Community Redevelopment Agency of the City of Palmdale, Palmdale Civic Authority, Industrial Development Authority of the City of Palmdale, Palmdale Airport Authority, their officers, agents, employees and volunteers are named as additional insured’s.”
B. “Severability of Interest” clause.

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

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

11.6 Any policy or policies of insurance that CONSULTANT elects to carry as insurance against loss or damage to its equipment and tools or other personal 7-14Concord - Document ID: 02yzq8vcijTKNj64pgCNa7
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property used in the performance of this Contract shall include a provision waiving the insurer’s right of subrogation against CITY.

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

11.8 Acceptable Proof of Insurance:

11.8.1 ACORD Certificate of Insurance listing all coverages, limits, deductibles and insureds; and endorsements for all applicable coverages if agent has authority to issue it; Additional insured Form CG20101185 or CG20100707 and CG20370704 or equivalent must be provided for general liability coverage.

Additional insured form CA0001 must be provided for automobile liability coverage.

11.8.2 Agents must confirm that policy endorsements have been ordered from the respective insurance companies. Upon issuance, policy endorsements listing all insurers must be submitted to the City Attorney.

11.8.3 *When professional (E&O) liability coverage is provided on a “claims made basis”, CONSULTANT will continue to renew the insurance for a period of five (5) years after this Agreement expires or is terminated. Such insurance will have the same coverage and limits as the policy that was in effect during the term of this Agreement, and will cover CONSULTANT, or its officers, employees, or agents during the time this Agreement was in effect.

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

11.10 CONSULTANT 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 CONSULTANT shall be subject to all other insurance requirements that are stated herein.

Any deviation in this requirement will be CONSULTANT's sole risk. CONSULTANT's insurance requirements in Section 11 will not be impacted and/or limited by such deviation.

12 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, CONSULTANT shall immediately stop all work hereunder, and shall immediately cause any of its suppliers and sub-consultants to cease such work. CONSULTANT 8-14Concord - Document ID: 02yzq8vcijTKNj64pgCNa7
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shall also surrender to CITY all finished or unfinished documents or programs and other materials, which shall be City’s property. As compensation in full for services performed to the date of such termination, the CONSULTANT 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.
13 TERMINATION FOR CAUSE

13.1 If the City determines that the CONSULTANT 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, the City shall give written notice to the CONSULTANT specifying all defaults to be remedied within thirty (30) days. Such notice shall set forth the basis for the City’s dissatisfaction and suggest corrective measures. If, after thirty days, the CONSULTANT has failed to implement the corrective measures, the City may elect to terminate this Contract, in whole or in part.

13.2 In the event the City terminates this Contract in whole or in part as provided herein above, the City may procure, upon such terms and in such manner, as it may deem appropriate, services similar to those terminated.

13.3 If this Contract is terminated as provided above, the City may require the CONSULTANT to provide all finished or unfinished documents, data, studies, software, drawings, maps, photographs, reports, etc., prepared by the CONSULTANT. Upon such termination, the CONSULTANT shall be paid an amount equal to the value of the services provided and work performed as of the date of termination. Such payment by the City may take into consideration the costs associated with hiring another CONSULTANT to complete the services. In the event no new CONSULTANT is employed, the CONSULTANT shall be paid an amount equal to the value of the work performed. 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 the City.

13.4 If, after notice of termination of the Contract under the provisions of this Section 13, it is determined, for any reason, that CONSULTANT 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 12. 14 DISPUTE RESOLUTION
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All claims, disputes, and other matters in question between CITY and CONSULTANT 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. 15 OWNERSHIP OF DOCUMENTS
All documents, including, but not limited to, research, field notes, investigations, analysis, and studies which are prepared in the performance of this Contract are to be, and remain the property of CITY. CONSULTANT shall furnish CITY, upon its request, originals or reproducible or electronic copies of reports, studies and of all other documents listed above.
16 SUBCONTRACTING, DELEGATION AND ASSIGNMENT

16.1 CONSULTANT shall not delegate, subcontract 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 CONSULTANT from CITY under this Contract may be assigned to a bank, trust company or other financial institution without such approval. Any proposed delegation, assignment or subcontract shall provide a description of the services covered, identification of the proposed assignee, delegates or subcontractor, and an explanation of why and how the same was selected, including the degree of competition involved. Any proposed agreement with an assignee, delegates or subcontractor shall include the following:

A. The amount involved, together with CONSULTANT’s analysis of such cost or price; and
B. A provision requiring that any subsequent modification or amendment shall be subject to the prior written consent of CITY.

C. The requirement to hire only those persons authorized by federal law to work in the United States.

16.2 Any assignment, delegation or subcontract shall be made in the name of CONSULTANT and shall not bind or purport to bind CITY and shall not release CONSULTANT 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 CONSULTANT under this Contract.
17 NON-DISCRIMINATION AND EQUAL EMPLOYMENT OPPORTUNITY

17.1 In performance of this Contract, CONSULTANT 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, sexual orientation, or age. CONSULTANT will take affirmative action to ensure that applicants are employed, and that employees are treated during employment, without 10-14Concord - Document ID: 02yzq8vcijTKNj64pgCNa7
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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.

17.2 The provisions of subsection 17.1 above shall be included in all solicitations or advertisements placed by or on behalf of CONSULTANT for personnel to perform any services under this Contract. CITY shall have access to all documents, data and records of CONSULTANT 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. 18 FINANCIAL INTEREST CERTIFICATION

18.1 CONSULTANT 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 CONSULTANT’s firm.

18.2 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.
19 CONFLICT OF INTEREST

19.1 CONSULTANT 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 CONSULTANT 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 CITY on any matter.

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

19.3 If CONSULTANT is a registered professional engineer or licensed land surveyor and the scope of work requires CONSULTANT’S recommendation of the actual formula to spread the costs of an assessment district’s improvements, then CONSULTANT shall not participate in making that recommendation if the additional elements set forth in Government Code section 87100.1(c) apply. Those additional elements are: (1) CONSULTANT has received income of $250 or more for 11-14Concord - Document ID: 02yzq8vcijTKNj64pgCNa7
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professional services in connection with any parcel included in the benefit assessment district within 12 months prior to the creation of the district; and (2) the district includes other parcels in addition to those parcels for which CONSULTANT received the income. In the event a conflict of interest does arise in that context, City shall select a different CONSULTANT to recommend the actual formula to spread the costs of the assessment district’s improvements and the costs of such services shall be deducted from the compensation to be paid to CONSULTANT.

19.4 To the extent required by the City Manager/designee, CONSULTANT 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.
20 COMPLIANCE WITH LAW

20.1 CONSULTANT 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 CONSULTANT uses any subcontractors to complete this Contract, this same requirement shall be included in all subcontracts and strictly enforced by CONSULTANT.

20.2 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. 21 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.
22 ENTIRE CONTRACT AND AMENDMENTS

22.1 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.

22.2 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 CONSULTANT hereunder, shall be binding unless in writing and signed by the party against whom the same is sought to be enforced.

22.3 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. 12-14Concord - Document ID: 02yzq8vcijTKNj64pgCNa7
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23 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.

CITY OF PALMDALE: ADVANCED AVANT-GARDE, INC.:

Ronda Perez
City Manager

Ana LeNoue
President
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

ADVANCED AVANT-GARDE, INC.
807 S. Lemon Ave
Diamond Bar, CA 91789
APPROVE AS TO FORM:

William P. Curley, III
City Attorney

ATTEST:

Roxanne Faber
City Clerk

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

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■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) ■Attached Agreement Checklist and met all requirements
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Record of Signing
Signed with www.concordnow.com
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Name
Title
Signed on 2025-02-04 01:52:34 GMT
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SigningID: 02yzq8vccgl6Q31OAhJHlS
Signing date: 2/4/2025
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Email: [email protected]
123
SECOND AMENDMENT TO AGREEMENT A- 9036

BETWEEN THE CITY OF PALMDALE AND TOWNSEND PUBLIC AFFAIRS

This Second Amendment to Agreement No. A-9036 (“Agreement”) is made and entered into by and between the City of Palmdale (hereinafter called “CITY”) and TOWNSEND PUBLIC AFFAIRS (hereinafter called "CONSULTANT"). This Contract shall become effective on the date of the last signatory.

WHEREAS, on 04/02/2025 ("Original Agreement") the CITY and CONSULTANT entered into an agreement to provide:

Comprehensive grant-related services, including grant seeking, grant writing, post- submission advocacy, grant administration, and compliance management.

On 3/10/2026 First Amendment to Agreement No. A-9036 was executed to amend the term and original contract price by $36,000, for a total not to exceed contract amount of $120,000.

WHEREAS, the parties desire to amend the Original Agreement to:

Extend the agreement term for an additional 18 months from July 1, 2026 to December 31, 2027.

NOW THEREFORE, the parties agree as follows:

4 CONTRACT TERM
Original Agreement Term: 14 Months (Exp. 12/31/2025)
First Amendment: 6 Months (Exp. 6/30/2026)
Second Amendment: 18 Months (Exp. 12/31/2027)
6 PRICE
The compensation in the Original Agreement was amended to increase the Agreement by THIRTY SIXTY THOUSAND dollars ($36,000) for a total not to exceed amount of ONE HUNDRED TWENTY THOUSAND dollars ($120,000).

The compensation is amended to increase the Agreement by ONE HUNDRED EIGHT THOUSAND dollars ($108,000) for a total not to exceed amount of TWO HUNDRED TWENTY EIGHT THOUSAND dollars ($228,000).

Original Agreement Amount...................................$84,000 First Amendment Amount.......................................$36,000 Second Amendment Amount..................................$108,000 The agreement is not-to-exceed (NTE) Two Hundred Twenty-Eight Thousand Dollars ($228,000)

1-2Concord - Document ID: 033y8Sl4xfF2tEGRfHuih7
124
All other terms and conditions of the Original Agreement not amended herein, remain in full force and effect.

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:

TOWNSEND PUBLIC AFFAIRS:

Salvador Mendez
City Manager

Christopher Townsend
President
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

TOWNSEND PUBLIC AFFAIRS
1401 Dove Street, Suite 430
Newport Beach, CA 92660
APPROVE AS TO FORM:

Alexandra Severino
City Attorney

ATTEST:

Rochelle Scott
City Clerk

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

■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) ■Original contract and previous amendment(s) (if any) are attached ■Attached Agreement Checklist and met all requirements
■Attach Quotes, Solicitation Docs, City's Best Interest, Government Code, etc. 2-2Concord - Document ID: 033y8Sl4xfF2tEGRfHuih7
125
Record of Signing
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For
Name
Title
City of Palmdale
Nardy Lopez
Deputy City Manager
Signed on Jul 29, 2026 4:05 PM PDT
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IP Address: 45.62.177.244
Email: [email protected]
For
Name
Title
[email protected]
Christopher Townsend
President
Signed on Jul 29, 2026 8:35 PM PDT
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DocumentID: 033y8Sl4xfF2tEGRfHuih7
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IP Address: 72.219.129.141
Email: [email protected]
126
FIRST AMENDMENT TO AGREEMENT A-9036 BETWEEN THE CITY OF

PALMDALE AND TOWNSEND PUBLIC AFFAIRS

This FIRST Amendment to Agreement No. A-9036 (“Agreement”) is made and entered into by and between the City of Palmdale (hereinafter called “CITY”) and TOWNSEND PUBLIC AFFAIRS (hereinafter called "CONSULTANT"). This Contract shall become effective on the date of the last signatory.

WHEREAS, on 04/02/2025 ("Original Agreement") the CITY and CONSULTANT entered into an agreement to provide:

Services to perform the following grant-seeking and writing services work plan, and compliance management services, including but not limited to:

Strategic Planning and Grant Research:

CONSULTANT shall coordinate meetings with CITY to identify priority projects and programs in need of grant funding. This process will include discussions on eligible grant funding from County, State, Federal, or private sources.

CONSULTANT shall assist the CITY in developing a strategic funding plan.

Grant Application Development and Submittal:

CONSULTANT shall develop, draft, and submit grant applications, including all supplemental materials (e.g., budgets, maps, photos, plans, demographic data, and letters of support).

Post-Submission Advocacy and Monitoring:

CONSULTANT shall contact legislators and agency officials to promote the need and urgency of CITY grant applications. Efforts shall include drafting letters of support and coordinating with legislators to engage granting agencies.

CONSULTANT shall monitor the status of submitted applications and provide CITY with regular updates, including progress reports on active applications and a summary of grant applications submitted and their outcomes. 1-4Concord - Document ID: 032Xow4sUj3UagM7ytXbc1
127
The CONSULTANT shall submit a monthly report detailing key activities, updates, and outcomes for CITY, which will accompany the monthly invoices.

Post-Award Administration and Compliance:

CONSULTANT shall provide assistance with post-award administration and compliance, including:
a) Interaction with granting agencies on behalf of CITY; b) Support for drafting and submitting required reports, evaluations, and compliance documentation; and,
c) Budget analysis and tracking of expenditures and reimbursements to ensure alignment with grant requirements.

CONSULTANT shall assist CITY in identifying fund balances, eligible projects, and creative funding strategies to maximize program outcomes.

Unsuccessful Applications:

In the event of unsuccessful applications, CONSULTANT shall coordinate debriefing sessions with funding agencies to gather feedback and provide recommendations for future submissions to increase the likelihood of success.

General Provisions:

All project deliverables shall be reviewed and approved by CITY to ensure acceptable completion. CITY reserves the right to review and inspect work at its discretion.

CONSULTANT shall not accept any changes to the scope of work or contract provisions without prior written authorization from CITY.

CITY shall provide CONSULTANT with necessary data, reports, records, and other information to facilitate timely performance of services.

WHEREAS, the term of the Agreement No. A-9036 between the CITY and CONSULTANT is from 11/01/2024 to 12/31/2025;

WHEREAS, the parties desire to amend the Original Agreement to:

Exercise the first option to extend the agreement for an additional term of six (6) months, as outlined in A-9036 and increase the contract amount to reflect an additional retainer amount for the provided services outlined in the Scope of Work.

NOW THEREFORE, the parties agree as follows:

The Agreement term is extended to June 30, 2026.
2-4Concord - Document ID: 032Xow4sUj3UagM7ytXbc1
128
All other terms and conditions of the Original Agreement not amended herein, remain in full force and effect.

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 TOWNSEND PUBLIC AFFAIRS

Salvador Mendez
Interim City Manager

Christopher Townsend
President
ADDRESS FOR NOTICE:

CITY OF PALMDALE
3800 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

TOWNSEND PUBLIC AFFAIRS
1401Dove Street., Ste 430 Newport
Beach, CA 92660
APPROVE AS TO FORM:

Alexandra Severino
City Attorney

ATTEST:

Rochelle Scott
City Clerk

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

■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) 3-4Concord - Document ID: 032Xow4sUj3UagM7ytXbc1
129
■Original contract and previous amendment(s) (if any) are attached ■Attached Agreement Checklist and met all requirements
4-4Concord - Document ID: 032Xow4sUj3UagM7ytXbc1
130
Record of Signing
Signed with https://www.concord.app/
For
Name
Title
City of Palmdale
Nardy Lopez
Deputy City Manager
Signed on Feb 24, 2026 4:28 PM PST
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UTC Signing time: 2026-02-25 00:28:02 UTC
IP Address: 206.171.111.149
Email: [email protected]
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Name
Title
[email protected]
Christopher Townsend
President
Signed on Feb 26, 2026 3:47 PM PST
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Email: [email protected]
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Title
[email protected]
Salvador Mendez
Signed on Mar 3, 2026 9:21 AM PST
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UTC Signing time: 2026-03-03 17:21:33 UTC
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Email: [email protected]
For
Name
Title
City of Palmdale
Alexandra Severino
Signed on Mar 4, 2026 5:24 PM PST
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DocumentID: 032Xow4sUj3UagM7ytXbc1
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UTC Signing time: 2026-03-05 01:24:36 UTC
IP Address: 97.131.119.112
Email: [email protected]
For
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Title
City of Palmdale
Rochelle Scott
City Clerk
Signed on Mar 10, 2026 3:13 PM PDT
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DocumentID: 032Xow4sUj3UagM7ytXbc1
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IP Address: 206.171.111.149
Email: [email protected]
131
AGREEMENT NO. A-9036

CONTRACT FOR CONSULTANT SERVICES
BETWEEN THE CITY OF PALMDALE AND TOWNSEND PUBLIC AFFAIRS, INC.

THIS CONTRACT FOR CONSULTANT 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 TOWNSEND PUBLIC AFFAIRS, INC. (hereinafter called “CONSULTANT”). This Contract shall become effective on the date of the last signatory.

NOW, THEREFORE, the parties agree as follows:
1 DESCRIPTION OF WORK

1.1 The City hereby engages CONSULTANT, and CONSULTANT accepts such engagement, to provide the following services:

CONSULTANT to provide services to perform the following grant-seeking and writing services work plan, and compliance management services, including but not limited to:

The CONSULTANT shall submit a monthly report detailing key activities, updates, and outcomes for CITY, which will accompany the monthly invoices.

CONSULTANT shall assist CITY in identifying fund balances, eligible projects, and creative funding strategies to maximize program outcomes.

Unsuccessful Applications
In the event of unsuccessful applications, CONSULTANT shall coordinate debriefing sessions with funding agencies to gather feedback and provide recommendations for future submissions to increase the likelihood of success. 2-14Concord - Document ID: 02zOK3mLy7PxeynC6Ix9qD
133
General Provisions
All project deliverables shall be reviewed and approved by CITY to ensure acceptable completion. CITY reserves the right to review and inspect work at its discretion.

CONSULTANT shall not accept any changes to the scope of work or contract provisions without prior written authorization from CITY.

CITY shall provide CONSULTANT with necessary data, reports, records, and other information to facilitate timely performance of services.

CONSULTANT shall perform and complete all such work and services in a manner satisfactory to CITY.

Christopher Townsend, Eric O'Donnell, Anastasia Heaton, Ben Goldeen, Alex Gibbs, and Sammi Maciel.

This Consultant Services Contract has been awarded to CONSULTANT based on its representation that those personnel and subcontractors listed above will perform the portions of the work listed herein. CONSULTANT shall not deviate nor substitute any of these team members without prior written approval by CITY. 3-14Concord - Document ID: 02zOK3mLy7PxeynC6Ix9qD
134
4 CONTRACT TERM
The term of this contract begins November 1, 2024 and goes through December 31, 2025 (14 MONTHS), with CITY reserving the option to extend the agreement for TWO (2) additional terms of one (1) year each.
5 TAXES

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

9.1 For all of work and services including the various phases of tasks as described in Section 1, CITY shall pay to CONSULTANT an amount not to exceed the sum of EIGHTY FOUR THOUSAND dollars ($84000), payable as follows:

CITY shall pay CONTRACTOR a not to exceed amount of $84,000 for services at a monthly invoiced amount of $6,000.

9.3 CONSULTANT shall maintain adequate records and shall permit inspection and audit by CITY of CONSULTANT’s charges under this Contract. CONSULTANT 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 CONSULTANT for one (1) year following completion of the 5-14Concord - Document ID: 02zOK3mLy7PxeynC6Ix9qD
136
work under this Contract unless a longer period of time is required by state or federal law, in which event CONSULTANT shall retain its records for the time required by such laws.

Proof of Insurance, as identified in Section 11.8, must be reviewed and accepted by the City Attorney.

11.1.2 Professional Liability (Errors & Omissions) Insurance*  $1,000,000 limit on a per occurrence basis

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

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

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

11.6 Any policy or policies of insurance that CONSULTANT elects to carry as insurance against loss or damage to its equipment and tools or other personal 7-14Concord - Document ID: 02zOK3mLy7PxeynC6Ix9qD
138
property used in the performance of this Contract shall include a provision waiving the insurer’s right of subrogation against CITY.

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

11.8 Acceptable Proof of Insurance:

Additional insured form CA0001 must be provided for automobile liability coverage.

Any deviation in this requirement will be CONSULTANT's sole risk. CONSULTANT's insurance requirements in Section 11 will not be impacted and/or limited by such deviation.

12 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, CONSULTANT shall immediately stop all work hereunder, and shall immediately cause any of its suppliers and sub-consultants to cease such work. CONSULTANT 8-14Concord - Document ID: 02zOK3mLy7PxeynC6Ix9qD
139
shall also surrender to CITY all finished or unfinished documents or programs and other materials, which shall be City’s property. As compensation in full for services performed to the date of such termination, the CONSULTANT 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.
13 TERMINATION FOR CAUSE

The above is in addition to any other remedies available by law or equity to the City.

13.4 If, after notice of termination of the Contract under the provisions of this Section 13, it is determined, for any reason, that CONSULTANT 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 12. 14 DISPUTE RESOLUTION
9-14Concord - Document ID: 02zOK3mLy7PxeynC6Ix9qD
140
All claims, disputes, and other matters in question between CITY and CONSULTANT 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. 15 OWNERSHIP OF DOCUMENTS
All documents, including, but not limited to, research, field notes, investigations, analysis, and studies which are prepared in the performance of this Contract are to be, and remain the property of CITY. CONSULTANT shall furnish CITY, upon its request, originals or reproducible or electronic copies of reports, studies and of all other documents listed above.
16 SUBCONTRACTING, DELEGATION AND ASSIGNMENT

C. The requirement to hire only those persons authorized by federal law to work in the United States.

17.1 In performance of this Contract, CONSULTANT 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, sexual orientation, or age. CONSULTANT will take affirmative action to ensure that applicants are employed, and that employees are treated during employment, without 10-14Concord - Document ID: 02zOK3mLy7PxeynC6Ix9qD
141
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.

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

19.3 If CONSULTANT is a registered professional engineer or licensed land surveyor and the scope of work requires CONSULTANT’S recommendation of the actual formula to spread the costs of an assessment district’s improvements, then CONSULTANT shall not participate in making that recommendation if the additional elements set forth in Government Code section 87100.1(c) apply. Those additional elements are: (1) CONSULTANT has received income of $250 or more for 11-14Concord - Document ID: 02zOK3mLy7PxeynC6Ix9qD
142
professional services in connection with any parcel included in the benefit assessment district within 12 months prior to the creation of the district; and (2) the district includes other parcels in addition to those parcels for which CONSULTANT received the income. In the event a conflict of interest does arise in that context, City shall select a different CONSULTANT to recommend the actual formula to spread the costs of the assessment district’s improvements and the costs of such services shall be deducted from the compensation to be paid to CONSULTANT.

22.1 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.

CITY OF PALMDALE: TOWNSEND PUBLIC AFFAIRS, INC.:

Ronda Perez
City Manager

Christopher Townsend
President
ADDRESS FOR NOTICE:

CITY OF PALMDALE
38300 Sierra Highway
Palmdale, CA 93550

ADDRESS FOR NOTICE:

TOWNSEND PUBLIC AFFAIRS, INC.
1401 Dove St., Ste 430
Newport Beach, CA 92660
APPROVE AS TO FORM:

William P. Curley, III
City Attorney

ATTEST:

Roxanne Faber
City Clerk

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

13-14Concord - Document ID: 02zOK3mLy7PxeynC6Ix9qD
144
■Certificate(s) and Endorsement(s) attached
■Confirmed business name on contract with certificate(s) ■Attached Agreement Checklist and met all requirements
14-14Concord - Document ID: 02zOK3mLy7PxeynC6Ix9qD
145
Record of Signing
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Email: [email protected]
146

City Council Staff Report

DATE: AUGUST 4, 2026

TO: HONORABLE MAYOR AND CITY COUNCIL

FROM: ECONOMIC & COMMUNITY DEVELOPMENT DEPARTMENT

ECONOMIC DEVELOPMENT DIVISION

DISTRICT: 1

SUBJECT: ADOPT RESOLUTION NO. CC 2026-051, A RESOLUTION OF THE

CITY COUNCIL OF THE CITY OF PALMDALE AUTHORIZING THE
ACCEPTANCE OF FEDERAL GRANT FUNDS FROM THE U.S.

DEPARTMENT OF WAR’S OFFICE OF LOCAL DEFENSE
COMMUNITY COOPERATION FOR THE AIR FORCE PLANT 42

READINESS PROJECT

RECOMMENDATION

Staff recommend that the City Council:

1. Adopt Resolution No. CC 2026-051 authorizing the acceptance of federal grant funds from the U.S. Department of War’s Office of Local Defense Community Cooperation (OLDCC) for the Air Force Plant 42 (Plant 42) Installation Readiness Project; and,

2. Authorize the City Manager, or his designee, to accept, execute, and administer the grant and any subsequent amendments and supplements; and take all actions necessary to carry out the grant -funded activitie s over the 18 -month performance period.

BACKGROUND

The City of Palmdale is home to Plant 42, an Air Force -owned, contractor -operated installation that serves as one of the nation’s premier aerospace and defense manufacturing and flight test facilities. Plant 42 is a major economic driver for Palmdale and the Antelope Valley, supporting thousands of high -quality jobs and contributing significantly to the region’s aerospace and defense industry.

As surrounding communities continue to grow, maintaining compatibility between military operations and adjacent land uses becomes increasingly important. The OLDCC Installation Readiness Program provides federal funding to help defense communi ties 147
Report to Mayor and City Council
Re: Reso No. CC 2026-051
August 4, 2026

Page 2 ends

strengthen long-term coordination among military installations, local governments, and regional stakeholders, and to support military readiness and sustainable community development.

The City applied for and was awarded funding under this competitive federal program to advance collaborative planning efforts in partnership with Plant 42, Wright-Patterson Air Force Base , and the U.S. Installation Readiness Program administered through OLDCC.

DISCUSSION

Acceptance of this grant will enable the City to collaborate with Plant 42, the U.S. Air Force, regional agencies, and other stakeholders to strengthen long -term coordination on issues affecting both installation readiness and community developme nt. The grant supports planning activities intended to preserve the long -term compatibility of surrounding land uses, improve interagency coordination, and reinforce the strategic importance of Plant 42 as a national defense asset and regional economic engine.

The grant is fully funded by the federal government, with the City providing the required local match through staff time spent on the grant deliverables. Staff will administer the grant over the 18-month performance period and provide any required re porting to the granting agency.

This project is consistent with the Palmdale 2045 General Plan, particularly the Economic Development Element, which emphasizes supporting the City’s aerospace and defense industry, strengthening partnerships with major employers and institutions, and promoting long -term economic competitiveness. By strengthening coordination among the City, Plant 42, and regional stakeholders while supporting compatib le land- use planning, the grant advances these objectives and helps sustain one of Palmdale's most significant economic assets.

FISCAL IMPACT

$944,402; The City has been awarded federal funding through the OLDCC Installation Readiness Program, $849,925 o f which is funded by OLDCC, and $94,477 of which is contributed by the City via staff time on administration of the grant. No additional General Fund appropriation is requested.

By supporting long-term coordination between the City and Plant 42, the grant is expected to help preserve a major regional employment center while positioning Palmdale for continued private investment, economic development, housing opportunities, and job creation.

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Report to Mayor and City Council
Re: Reso No. CC 2026-051
August 4, 2026

Page 3 ends

STRATEGIC PLAN

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

D. Pursue alternative financing opportunities for continued infrastructure improvements and qualify community programs.

Prepared by: Megan Taggart , Director of Economic &
Community Development
Certified as to availability of Funds: Janelle Samson, Deputy City Manager Approved by: Salvador Mendez, City Manager
Approved as to form: Alexandra Severino, City Attorney

ATTACHMENTS

Reso. No. CC 2026-051

149

CITY COUNCIL

CITY OF PALMDALE, CALIFORNIA
RESOLUTION NO. CC 2026-051

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALMDALE

AUTHORIZING THE ACCEPTANCE OF FEDERAL GRANT FUNDS
FROM THE U.S. DEPARTMENT OF WAR’S OFFICE OF LOCAL

DEFENSE COMMUNITY COOPERATION FOR THE AIR FORCE PLANT
42 READINESS PROJECT

WHEREAS, the Office of Local Defense Community Cooperation (OLDCC), within the United States Department of War, administers the Installation Readiness Program to assist defense communities in supporting milit ary ins tallation readiness through compatible community planning and intergovernmental coordination; and

WHEREAS, the City of Palmdale submitted an application to OLDCC for funding under the Installation Readiness Program to support planning and coordina tion activities benefiting both the City and U.S. Air Force Plant 42 (Plant 42); and

WHEREAS, the City of Palmdale has been awarded a federal grant to implement the Plant 42 Installation Readiness Project; and

WHEREAS, acceptance of these grant funds wil l enable the City to collaborate with Plant 42, regional agencies, and other stakeholders to support installation readiness while advancing the City’s long-term economic development and planning objectives; and

WHEREAS, the City will provide the required local match through staff time spent on grant administration activities.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PALMDALE;

SECTION 1. The City Council hereby authorizes the acceptance of federal grant funds from the OLDCC in the amount of $849,925 for the Plant 42 Installation Readiness Project.

SECTION 2. The City Manager, or his designee, is hereby authorized to accept, execute, and administer the grant and any subsequent amendments and supplements; and take all actions necess ary to carry out the grant -funded activities over the 18 - month performance period.

150
Resolution No. CC 2026-051

Page 2 of 2 ends

SECTION 3 . The City Manager, or his designee, is authorized to carry out all activities necessary to administer the grant in accordance with the terms and conditions of t he grant agreement and applicable federal laws, regulations, and guidance.

SECTION 4. The City acknowledges and agrees that all grant -funded activities shall be carried out in accordance with the grant agreement and all applicable federal requirements, and that the City shall satisfy the required local match through eligible staff time and other approved non-federal contributions.

SECTION 5. The City Clerk shall certify to the adoption of this resolution.

PASSED, APPROVED and ADOPTED this 4th day of August, 2026.

_________________________________
Eric Ohlsen, Mayor

APPROVED AS TO FORM: ATTEST:

___________________________ _________________________________ Alexandra Severino Rochelle Scott, City Clerk
City Attorney

I, Rochelle Scott, City Clerk of the City of Palmdale, California, do hereby certify that the foregoing resolution was duly passed, approved, and adopted by the City Council of the City of Palmdale at a regular meeting of said Council held on the 4th day of August, 2026 by the following roll call vote:

AYES:

NOES:___________________________________________________________

ABSTAIN:______________________ABSENT:___________________________

Date:

Rochelle Scott, City Clerk

151

City Council Staff Report

DATE: AUGUST 4, 2026

TO: HONORABLE MAYOR AND CITY COUNCIL

FROM: PUBLIC WORKS DEPARTMENT

ENGINEERING DIVISION

DISTRICT: ALL

SUBJECT: ADOPT RESOLUTION NO. CC 2026 -046, A RESOLUTION OF THE

CITY COUNCIL OF THE CITY OF PALMDALE, AUTHORIZING THE

EXECUTION OF A RESTRICTED GRANT AGREEMENT WITH THE

CALIFORNIA DEPA RTMENT OF TRANSPORTATION FOR
PALMDALE MASTER BIKE PL AN THROUGH FISCAL YEAR 2026-
27 SUSTAINABLE TRANSPORTATION PLANNING GRANT

RECOMMENDATION

Staff recommend that the City Council:

1. Adopt Resolution No. CC 2026-046, a Resolution of the City Council of the City of Palmdale, authorizing the execution of a R estricted Grant Agreement with the California Department of Transportation (Caltrans) for Palmdale Master Bike Plan through FY 2026-27 Sustainable Transportation Planning Grant;

2. Authorize the City Manager or his designee to execute the Grant Agreement with Caltrans, including any subsequent amendments and supplements; and,

3. Authorize the expenditure of Local Transportation Fund as a local match in an amount of 11.47%, or $36,666, of the grant funding.

BACKGROUND

In November 2025, the City of Palmdale applied for a Sustainable Transportation Planning Grant through the California Department of Transportation to develop a Master Bicycle Plan.

The Sustainable Transportation Planning Grant Program provides funding to help local and regional agencies plan safer, more efficient transportation systems. It suppo rts projects that reduce traffic, improve walking, biking, and transit, and lower greenhouse gas emissions. The program also encourages transportation planning that supports future 152
Report to Mayor and City Council
Re: Resolution No. CC 2026-046
August 4, 2026

Page 2 ends

growth and improves access for all users. These plans help communities comp ete for future state and federal funding to build transportation projects.

In June 2026, the City was selected as one of 58 grant awardees from a pool of 170 applications and awarded $283,000. The estimated project cost was $320,000, with the City providing the required local match of $36,666 to cover the remaining grant balance.

Staff is currently working with Caltrans to adjust the total project cost, local match amount, and percentage.

DISCUSSION

Currently, the City of Palmdale bicycle network is sparsely connected throughout the city except for three (3) networks along Sierra Highway, Avenue S , and the California Aqueduct, as shown in the Existing and Planned Bicycle Network Map (Figure 6.11) of the City General Plan. Figure 6.11 is a high -level planning document intended to guide future studies and development of bicycle transportation.

The proposed Master Bicycle Plan will include a comprehensive study, analysis, and actionable metrics to implement a citywide bicycle transportation and planning effort. The Master Bicycle Plan will support the City’s General Plan, Circulation and Mobility Goals, and Sustainable Transportation Plan in expanding and improving the existing bicycle network. The plan will also create goals, policies, programs , and standards regarding bicycle safety and access.

To receive the $283,000 grant funding, the City will be required to enter into a Restricted Grant Agreement ( Agreement) with Caltrans. This Resolution will authorize the City Manager to execute the grant agreement and any future amendments or supplements to the agreement on behalf of the City.

FISCAL IMPACT

$283,000 in grant revenues, and $36,666 in local match expenditures; The Sustainable Transportation Planning Grant funding require s the City to contribute a local matching fund of 11.47%, or $36,666, of the total grant amount of $283,000 as specified in the Grant Application Guide. City Local Measure R Fund will be used for the matching fund.

STRATEGIC PLAN

Goal III: Invest in infrastructure to improve community livability.

C. Plan and maintain safe and attractive neighborhoods, streets, facilities, and public spaces with exciting programming that promotes active fun for everyone.

153
Report to Mayor and City Council
Re: Resolution No. CC 2026-046
August 4, 2026

Page 3 ends

Prepared by: Leonardo Torres, P.E.

Director of Public Works
Certified as to availability of Funds: Janelle Samson, Deputy City Manager Approved by: Salvador Mendez, City Manager
Approved as to form: Alexandra Severino, City Attorney

ATTACHMENTS

Reso No. CC 2026-046
Caltrans Award Letter dated May 29, 2026
Existing and Planned Bicycle Network Map (Figure 6.11 of the current General Plan) 154

CITY COUNCIL

CITY OF PALMDALE, CALIFORNIA
RESOLUTION NO. CC 2026-046

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALMDALE ,

AUTHORIZING THE EXECUTION OF A RESTRICTED GRANT

AGREEMENT WITH THE CALIFORNIA DEPARTMENT OF

TRANSPORTATION FOR PALMDALE MASTER BIKE PLAN THROUGH
FISCAL YEAR 2026-27 SUSTAINABLE TRANSPORTATION PLANNING GRANT

WHEREAS, in November 2025, the City of Palmdale applied for the Sustainable Transportation Planning Grant funding, requesting $283,000 for the development of a Master Bicycle Plan;

WHEREAS, in May 2026, the California Department of Transportation (Caltrans) awarded the City of Palmdale $283,000 in the Sustainable Transportation Planning Grant funding;

WHEREAS, the California Department of Transportation require s the City of Palmdale to execute a Restricted Grant Agreement to receive such funding;

WHEREAS, the Sustainable Transportation Planning Grant require s the City of Palmdale to contribute a local matching fund of 11.47% of the total grant amount as specified in the Grant Application Guide; and,

WHEREAS, the City of Palmdale wishes to delegate authority to execute these agreements, any amendments, and supplements to the City Manager or his designee.

NOW THEREFORE, BE IT RESOLVED, THE CITY COUNCIL OF THE CITY OF

PALMDALE DOES HEREBY FIND, DETERMINE, RESOLVE , AND ORDER AS FOLLOWS:

SECTION 1. The City Manager or his designee is hereby authorized to execute the Restricted Grant Agreement with the California Department of Transportation, including any subsequent amendments and supplements.

SECTION 2. The City authorizes the expenditure of Local Measure R Fund as a local match in an amount of 11.47% of the grant funding.

SECTION 3. City Staff is authorized and directed to take all appropriate action to ensure that the Restricted Grant Agreement and all Supplemental Agreements are processed to receive funding for this project.
155
Resolution No. CC 2026-046

Page 2 of 2 ends

SECTION 4. The City Clerk shall certify to the adoption of this resolution.

PASSED, APPROVED and ADOPTED this 4th day of August, 2026.

_________________________________
Eric Ohlsen, Mayor

APPROVED AS TO FORM: ATTEST:

___________________________ _________________________________ Alexandra Severino Rochelle Scott, City Clerk
City Attorney

AYES:

NOES:___________________________________________________________

ABSTAIN:______________________ABSENT:___________________________

Date:

Rochelle Scott, City Clerk

156
“Improving lives and communities through transportation.”

DIVISION OF TRANSPORTATION P LANNING
P.O. BOX 942873 , MS–32 SACRAMENTO, C A 94273–0001
(916) 261-3326 | TTY 711
www.dot.ca.gov
May 29, 2026te

SENT VIA E-MAIL
On behalf of the California Department of Transportation (Caltrans), Division of Transportation Planning, we are pleased to congratulate you on your Sustainable Transportation Planning Grant award.

Sustainable Transportation Planning Grant Program
Grant Award
Fiscal Year
Grant
Category
Grant Fund
Source
Project Title
Grantee/Agency
Executive Director
Grantee/Agency
Contact
Sub-Recipient(s)
Caltrans District
Contact(s)
Caltrans District
Contact(s) E-mail
Grant Award Local Match
(Cash)
Local Match
(In-Kind)
Total
Local Match
%
Local Match
Total
Project Cost
Conditions of Award Due to Caltrans Grant Expiration Date Final Invoice Due * The final contractually agreed upon Local Match and Fund Source are located on the Grant Application Cover Sheet and Cost & Schedule. Any change in Local Match that increases/decreases the Total Project Cost must be approved by Caltrans and may require a Formal Amendment. Each invoice must include the contractual/agreed upon local match % - any deviation to this amount requires an approved Tapered Local Match prior to invoice submittal. Any change to the Local M atch Fund Source requires prior Caltrans approval and an Administrative Amendment. 2026-27
Sustainable Communities Competitive
RMRA
Palmdale Master Bike Plan
City of Palmdale
Sal Mendez
Krystal Hinojosa
Adam Weitzmann, Kevin Lum
[email protected], [email protected]
$283,000
$20,000
$17,000
$37,000

11.50%
$320,000
July 10, 2026
June 30, 2029
August 29, 2029
157
Caltrans Sustainable Transportation Planning Grant Program Grant Award

Page 2 ends

“Improving lives and communities through transportation.” Next Steps

1. The Caltrans District Grant Manager will schedule a Conditional Award Meeting with your agency soon.
 The attached specific and general conditions and project revisions necessary to accept grant funding will be discussed at this meeting.

2. The required conditions must be submitted to the Caltrans District Grant Manager no
later than the date listed in the table above.
 Failure to satisfy these conditions will result in the forfeiture of grant funds.

3. The Caltrans District Grant Manager will review and approve all items required to fulfill the attached specific and general conditions.

4. Once the
required conditions are met and the a greement is executed, the Caltrans District Grant Manager will:
 Send a Notice to Proceed letter (for MPO/RTPAs, this will happen after the OWP/OWPA formal amendment is approved). Grant work cannot begin until the Notice to Proceed letter is received by your agency.  Coordinate and schedule a grant kick-off meeting with your agency.

If you hav
e questions concerning your Conditional Grant Award, please reach out to your Caltrans District contact listed in the table above.

Sincerely,

ERIN THOM
PSON
Chief, Office of Regional and Community Planning
Attachments:

Specific and General Conditions
158
163
! !
!
!
!
City of
Lancaster
¬«14
¬«138
¬«14
Lake Palmdale
Little Rock Reservoir

AVENUE L

AVENUE T

AVENUE R
12 0TH ST
REET
EAST
AVENUE P-8

AVENUE P
25 TH STREE
T EA
ST
SI
ER
RA HIG
HW
AY
30 TH STREE
T W
EST

AVENUE O
10 TH STREE
T W
EST
45 TH STREE
T EA
ST

RANCHO VISTA BLVD
30 TH STREE
T EA
ST
60 TH STREE
T EA
ST

FORT TEJ
ON ROA
D
47 TH STREE
T EA
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COLUMBIA WAY / AVENUE M
40 TH STREE
T EA
ST
90 TH STREE
T EA
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AVENUE S

AVENUE Q
AVENUE M-8
DIVISI
O

N STREET
50 TH STREE
T EA
ST

AVENUE N

ELIZABETH LAKE ROAD

RANCHO VISTA BL / AVENUE P

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10 TH STREE
T EA
ST
20TH STREET WEST
50 TH STREE
T W
EST

AVENUE S
SI
ER
RA HIG
HW
AY
50 TH STREE
T EA
ST

AVENUE N
90 TH STREE
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AVENUE S
DIVISI
O

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20T

H STREE
T W
EST

RANCHO VISTA BL / AVENUE P

AVENUE R
10 TH STREE
T EA
ST

AVENUE R
DIVISI
O

N STREET

AVENUE P

COLUMBIA WAY / AVENUE M

AVENUE S

AVENUE Q

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AVENUE O
AVE
NUE S

ELIZABETH LAKE ROAD
40 TH STREE
T EA
ST
SI
ER

RA HIGHW
AY

AVENUE Q

AVENUE N
60 TH STREE
T EA
ST

COLUMBIA WAY / AVENUE M

AVENUE S

AVENUE NAVENUE N

PALMDALE BLVD
°
0 1.5 30.75 2.25 Miles
0 3,100 6,200 Feet
Data Sources: City of Palmdale GIS data; World
Terrain Base, 2015 ESRI, USGS, NOAA.

Produced by Nelson\Nygaard
March 2019
Park
Major Highway/Arterial
Water Body
Railroad
Sphere of Influence
California Aqueduct
City Boundary
!Transit Centers
Existing and Proposed Bicycle Network
Existing Bikeways
Proposed Bikeways
City of
Lancaster
¬«14
¬«138
¬«14
Lake Palmdale
Little Rock Reservoir

AVENUE L

AVENUE T

AVENUE R
120TH STREET EAST
AVENUE P-8

AVENUE P
25TH STREET EAST

SIERRA HIGHW
AY
30TH STR
EET W
EST

AVENUE O
10TH STREET W
EST
45TH STREET EAST

RANCHO VISTA BLVD
30TH STREET EAST
60TH STREET EAST

FORT TEJON ROAD
47TH STREET EAST

COLUMBIA WAY / AVENUE M
40TH STREET EAST
90TH STREET EAST

AVENUE S

AVENUE Q
AVENUE M-8

DIVISION STREET
50TH STREET EAST

AVENUE N

ELIZABETH LAKE ROAD

RANCHO VISTA BL / AVENUE P

PALMDALE BLVD
10TH STREET EAST
20TH STREET WEST
50TH STREET W
EST

AVENUE S
SIERRA
HIGHW
AY
50TH STREET EAST

AVENUE N
90TH STREET EAST

AVENUE S

DIVISION STREET
20TH STREET W
EST

RANCHO VISTA BL / AVENUE P

AVENUE R
10TH STREET EAST

AVENUE R

DIVISION STREET

AVENUE P

COLUMBIA WAY / AVENUE M

AVENUE S

AVENUE Q

COLUMBIA WAY / AVENUE M

AVENUE O

AVENUE S

ELIZABETH LAKE ROAD
40TH STREET EAST

SIERRA HIGHWAY

AVENUE Q

AVENUE N
60TH STREET EAST

COLUMBIA WAY / AVENUE M

AVENUE S

AVENUE NAVENUE N

PALMDALE BLVD
°
0 1.5 30.75 2.25 Miles
0 3,000 6,000 Feet
Data Sources: City of Palmdale GIS data; World
Terrain Base, 2015 ESRI, USGS, NOAA.

Produced by Nelson\Nygaard
March 2019
Park
Major Highway/Arterial
Water Body
Railroad
Sphere of Influence
California Aqueduct
City Boundary
!Transit Centers
Proposed Roadway Network
Classification

Regional
Crosstown
Connector
Neighborhood
Figure 6.11
Existing and Planned Bicycle Network Map
Water Body
Existing BikewaysTransit Center
City of
Lancaster
¬«14
¬«138
¬«14
Lake Palmdale
Little Rock Reservoir

AVENUE L

AVENUE T

AVENUE R
120TH STREET EAST
AVENUE P-8

AVENUE P
25TH STREET EAST

SIERRA HIGHW
AY
30TH STR
EET W
EST

AVENUE O
10TH STREET W
EST
45TH STREET EAST

RANCHO VISTA BLVD
30TH STREET EAST
60TH STREET EAST

FORT TEJON ROAD
47TH STREET EAST

COLUMBIA WAY / AVENUE M
40TH STREET EAST
90TH STREET EAST

AVENUE S

AVENUE Q
AVENUE M-8

DIVISION STREET
50TH STREET EAST

AVENUE N

ELIZABETH LAKE ROAD

RANCHO VISTA BL / AVENUE P

PALMDALE BLVD
10TH STREET EAST
20TH STREET WEST
50TH STREET W
EST

AVENUE S
SIERRA
HIGHW
AY
50TH STREET EAST

AVENUE N
90TH STREET EAST

AVENUE S

DIVISION STREET
20TH STREET W
EST

RANCHO VISTA BL / AVENUE P

AVENUE R
10TH STREET EAST

AVENUE R

DIVISION STREET

AVENUE P

COLUMBIA WAY / AVENUE M

AVENUE S

AVENUE Q

COLUMBIA WAY / AVENUE M

AVENUE O

AVENUE S

ELIZABETH LAKE ROAD
40TH STREET EAST

SIERRA HIGHWAY

AVENUE Q

AVENUE N
60TH STREET EAST

COLUMBIA WAY / AVENUE M

AVENUE S

AVENUE NAVENUE N

PALMDALE BLVD
°
0 1.5 30.75 2.25 Miles
0 3,000 6,000 Feet
Data Sources: City of Palmdale GIS data; World
Terrain Base, 2015 ESRI, USGS, NOAA.

Produced by Nelson\Nygaard
March 2019
Park
Major Highway/Arterial
Water Body
Railroad
Sphere of Influence
California Aqueduct
City Boundary
!Transit Centers
Proposed Roadway Network
Classification

Regional
Crosstown
Connector
Neighborhood
California Aqueduct
Park
Proposed Bikeways
City Boundary
Sphere of Influence
Major Highway/Arterial
Railroad
Major Arterials
159

City Council Staff Report

DATE: AUGUST 4, 2026

TO: HONORABLE MAYOR AND CITY COUNCIL

FROM: ECONOMIC AND COMMUNITY DEVELOPMENT DEPARTMENT

BUILDING AND SAFETY DIVISION

DISTRICT: ALL

SUBJECT: APPROVE AGREEMENTS WITH BUREAU VERITAS NORTH
AMERICA INC., BPR CONSULTING GROUP , AND INTERWEST

CONSULTING GROUP FOR AS-NEEDED PLAN CHECK AND

STAFFING SERVICES, EACH IN AN AMOUNT NOT TO EXCEED
$750,000 FOR A COMBINED TOTAL OF $2,250,000, AND EACH FOR

A TWO-YEAR TERM WITH THE OPTION TO EXTEND FOR THREE

ADDITIONAL ONE-YEAR TERMS

RECOMMENDATION

Staff recommend that the City Council:

1. Approve Agreement No. A-9964 with Bureau Veritas North America Inc. , for as- needed plan check and staffing services, in an amount not to exceed $750,000 for an initial two-year term, with the option to renew for t hree additional one -year terms;

2. Authorize the City Manager or his designee to execute Agreement No. A-9964 with Bureau Veritas North America Inc. , including minimal and/or non -substantive changes;

3. Approve Agreement No. A-9965 with BPR Consulting Group, for as-needed plan check and staffing services, in an amount not to exceed $750,000 for an initial two- year term, with the option to extend for three additional one-year terms;

4. Authorize the City Manager or his designee to execute Agreement No. A-9965 with BPR Consulting Group, including minimal and/or non-substantive changes;

5. Approve Agreement No. A-9966 with Interwest Consulting Group for as-needed plan check and staffing services, in an amount not to exceed $750,000 for an initial two-year term, with the option to extend for three additional one-year terms; and,

6. Authorize the City Manager or his designee to execute Agreement No. A-9966 with Interwest Consulting Group, including minimal and/or non-substantive changes.

160
Report to Mayor and City Council
Re: Approve Agrmts Nos. A-9964 with Bureau Veritas North America Inc , A-9965 with BPR Consulting Group, and A-9966 with Interwest Consulting Group August 4, 2026

Page 2 ends

Palmdale City CouncilAugust 4, 2026

Palmdale City Council
August 4, 2026