Agenda — Finance Committee, August 24, 2026 (part 2 of 2)

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ertain enumerated events. The Annual Report and the notices of specified events will be filed by the City with the MSRB through the MSRB’s EMMA System. The specific nature of the information to be contained in the Annual Report and the notice of specified events is set forth in APPENDIX E – “FORM OF CONTINUING DISCLOSURE AGREEMENT” herein. These covenants have been made in order to assist the Initial Purchaser in complying with SEC Rule 15c2- 12(b)(5) (the “Rule”). In the last five years, the City has not failed in any material respect to comply with any previous undertaking to provide continuing disclosure reports and notices of enumerated events pursuant to the provisions of the Rule.

The City will reserve the right to amend the Continuing Disclosure Agreement, and to obtain the waiver of non-compliance with any provision of the Continuing Disclosure Agreement, if such amendment or waiver is supported by a written opinion of counsel expert in federal securities laws selected by the City to the effect that such amendment or waiver would not materially impair the interest of the holders of the 2026A Bond and would not, in and of itself, cause the Continuing Disclosure Agreement to violate the Rule if such amendment or waiver had been effective at the time of the primary offering of the 2026A Bonds, after taking into account any applicable amendments to or official interpretations of the Rule.

The Disclosure Dissemination Agent has only the duties specified in the Continuing Disclosure Agreement. The Disclosure Dissemination Agent’s obligation to deliver the information at the times and with the contents described in the Continuing Disclosure Agreement is limited to the extent the City has provided that information to the Disclosure Dissemination Agent as required by the Continuing Disclosure Agreement. The Disclosure Dissemination Agent has no duty with respect to the content of any disclosures or notice made pursuant to the terms of the Continuing Disclosure Agreement or duty or obligation to review or verify any information in the Annual Report, Audited Financial Statements, notice of Notice Event or Voluntary Report (all as defined in the Continuing Disclosure Agreement), or any other information, disclosure or notices provided to it by the City, and the Disclosure Dissemination Agent shall not be deemed to be acting in any fiduciary capacity for the City, the holders of the 2026A Bonds or any other party. The Disclosure Dissemination Agent has no responsibility for any failure to report to the Disclosure Dissemination Agent a Notice Event or a duty to determine the materiality thereof, as to determine or liability for failing to determine whether the City has complied with the Con tinuing Disclosure Agreement, and the Disclosure Dissemination Agent may conclusively rely upon certification of the City at all times.

The City has adopted policies and procedures to assist the City in complying with disclosure undertakings. [The City intends to amend its policies and procedures in response to two new event notices that were added effective February 27, 2019 to the list of events for which notice is required by the Rule.] [Remainder of page intentionally left blank.]

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XECUTION AND DELIVERY
The execution and delivery of this Official Statement have been duly authorized by the City.

CIT

Y OF PASADENA, CALIFORNIA
By:

Deputy Director of Finance

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APPE
NDIX A

THE CITY OF PASADENA

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APP

ENDIX B

AUDITED FINANCIAL STATEMENTS OF PASADENA WATER AND POWER ENTERPRISE FUNDS FOR THE FISCAL EAR ENDED JUNE 30, 2025

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APPENDIX C

BOOK ENTRY SYSTEM
The description that follows of the procedures and recordkeeping with respect to beneficial ownership interests in the 2026A Bonds, payment of principal of and interest on the 2026A Bonds to Participants or Beneficial Owners, confirmation and transfer of beneficial ownership interests in the 2026A Bonds, and other 2026A Bonds- related transactions by and between DTC, Participants and Beneficial Owners, is based on information furnished by DTC which the City believes to be reliable, but the City takes no responsibility for the completeness or accuracy thereof.

The Depository Trust Company (“DTC”), New York, New York, will act as securities depository for the 2026A Bonds (the “2026A Bonds”). The 2026A Bonds will be issued as fully-registered securities registered in the name of Cede & Co. (DTC’s partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully-registered security bond will be issued for each maturity of the 2026A Bonds, each in the aggregate principal amount of such maturity, and will be deposited with DTC.

DTC, the world’s largest securities depository, is a limited -purpose trust company organized under the New York Banking Law, a “banking organization” within the meaning of the New York Banking Law, a member of the Federal Reserve System, a “clearing corporation” within the meaning of the New York Uniform Commercial Code, and a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC’s participants (“Direct Participants”) deposit with DTC. DTC also facilitates the post -trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants’ accounts. This eliminates the need for physical movement of securities certificates. Direct Participants include both U.S. and non- U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation (“DTCC”). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non -U.S. securities brokers and dealers, banks, trust companies, and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”). DTC has a Standard & Poor’s rating of AA+.

The DTC Rules applicable to DTC’s Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com. The information on such website is not incorporated herein by reference.

Purchases of the 2026A Bonds under the DTC book- entry system must be made by or through Direct Participants, which will receive a credit for the 2026A Bonds on DTC’s records. The ownership interest of each actual purchaser of each 2026A Bond (“Beneficial Owner”) is in turn to be recorded on the Direct and Indirect Participants’ records. Beneficial Owners will not receive written confirmation from DTC of their purchase.

Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the 2026A Bonds are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in the 2026A Bonds, except in the event that use of the book-entry system for the 2026A Bonds is discontinued.

To facilitate subsequent transfers, all 2026A Bonds deposited by Direct Participants with DTC are registered in the name of DTC’s partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of 2026A Bonds with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge

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of
the actual Beneficial Owners of the 2026A Bonds. DTC’s records reflect only the identity of the Direct Participants to whose accounts such 2026A Bonds are credited, which may or may not be the Beneficial Owners.

The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers.

Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time. Beneficial Owners of the 2026A Bonds may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the 2026A Bonds, such as redemptions, defaults and proposed amendments to the Fiscal Agent Agreement. For example, Beneficial Owners of 2026A Bonds may wish to ascertain that the nominee holding the 2026A Bonds for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the Bond Registrar and request that copies of notices be provided directly to them.

Redemption notices shall be sent to DTC. If less than all of the 2026A Bonds of a maturity are being redeemed, DTC’s practice is to determine by lot the amount of the interest of each Direct Participant in such maturity to be redeemed.

Neither DTC nor Cede & Co. (nor such other DTC nominee) will consent or vote with respect to 2026A Bonds unless authorized by a Direct Participant in accordance with DTC’s MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to the City as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.’s consenting or voting rights to those Direct Participants to whose accounts 2026A Bonds are credited on the record date (identified in a listing attached to the Omnibus Proxy).

Principal, redemption price and interest payments on the 2026A Bonds will be made to Cede & Co. or such other nominee as may be requested by an authorized representative of DTC. DTC’s practice is to credit Direct Participants’ accounts upon DTC’s receipt of funds and corresponding detail information from the City or the Fiscal Agent, on each payment date in accordance with their respective holdings shown on DTC’s records.

Payments by Direct and Indirect Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in “street name,” and will be the responsibility of such Participant and not of DTC, the Fiscal Agent or the City, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of principal, redemption price and interest to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the City or the Fiscal Agent, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to Beneficial Owners is the responsibility of Direct and Indirect Participants.

DTC may discontinue providing its services as security depository with respect to the 2026A Bonds at any time by giving reasonable notice to the City or the Fiscal Agent. Under such circumstances, in the event that a successor depository is not obtained, the 2026A Bonds are required to be printed and delivered.

The City may decide to discontinue use of the system of book-entry transfers through DTC (or a successor securities depository). In that event, definitive 2026A Bonds will be printed and delivered.

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APPE
NDIX D

SUMMARY OF CERTAIN PROVISIONS OF THE FISCAL AGENT AGREEMENT

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APP

ENDIX E

FORM OF CONTINUING DISCLOSURE AGREEMENT
This Continuing Disclosure Agreement (the “Disclosure Agreement”), dated as of _____ 1, 2026, is executed and delivered by the City of Pasadena (the “Issuer”) and Digital Assurance Certification, L.L.C., as exclusive Disclosure Dissemination Agent (the “Disclosure Dissemination Agent” or “DAC”) for the benefit of the Holders (hereinafter defined) of the Bonds (hereinafter defined) in order to provide certain continuing disclosure with respect to the Bonds in accordance with Rule 15c2- 12 of the United States Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time (the “Rule”).

The services provided under this Disclosure Agreement solely relate to the execution of instructions received from the Issuer through use of the DAC system and do not constitute “advice” within the meaning of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”). DAC will not provide any advice or recommendation to the Issuer or anyone on the Issuer’s behalf regarding the “issuance of municipal securities” or any “municipal financial product” as defined in the Act and nothing in this Disclosure Agreement shall be interpreted to the contrary.

SECTION 1. Definitions. Capitalized terms not otherwise defined in this Disclosure Agreement shall have the meaning assigned in the Rule or, to the extent not in conflict with the Rule, in the Official Statement (hereinafter defined). The capitalized terms shall have the following meanings:
“Annual Filing Date” means the date, set in Sections 2(a) and 2(f), by which the Annual Report is to be filed with the MSRB.
“Annual Financial Information” means annual financial information as such term is used in paragraph (b)(5)(i) of the Rule and specified in Section 3(a) of this Disclosure Agreement. “Annual Report” means an Annual Report described in and consistent with Section 3 of this Disclosure Agreement.
“Audited Financial Statements” means the financial statements (if any) of the Issuer for the prior fiscal year, certified by an independent auditor as prepared in accordance with generally accepted accounting principles or otherwise, as such term is used in paragraph (b)(5)(i) of the Rule and specified in Section 3(a)(i) of this Disclosure Agreement. “Bonds” means the bonds as listed on the attached Exhibit A, with the 9- digit CUSIP numbers relating thereto.
“Certification” means a written certification of compliance signed by the Disclosure Representative stating that the Annual Report, Audited Financial Statements, Notice Event notice, Failure to File Event notice, Voluntary Event Disclosure or Voluntary Financial Disclosure delivered to the Disclosure Dissemination Agent is the Annual Report, Audited Financial Statements, Notice Event notice, Failure to File Event notice, Voluntary Event Disclosure or Voluntary Financial Disclosure required to be submitted to the MSRB under this Disclosure Agreement. A Certification shall accompany each such document submitted to the Disclosure Dissemination Agent by the Issuer and include the full name of the Bonds and the 9-digit CUSIP numbers for all Bonds to which the document applies.

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“Di
sclosure Dissemination Agent” means Digital Assurance Certification, L.L.C., acting in its capacity as Disclosure Dissemination Agent hereunder, or any successor Disclosure Dissemination Agent designated in writing by the Issuer pursuant to Section 9 hereof. “Disclosure Representative” means the Director of Finance of the Issuer or his or her designee, or such other person as the Issuer shall designate in writing to the Disclosure Dissemination Agent from time to time as the person responsible for providing Information to the Disclosure Dissemination Agent.
“Failure to File Event” means the Issuer’s failure to file an Annual Report on or before the Annual Filing Date.
“Fiscal Agent” means The Bank of New York Mellon Trust Company, N.A., as successor fiscal agent under that Electric Revenue Bond Fiscal Agent Agreement, dated as of August 1, 1998, by and between the Issuer and the Fiscal Agent, as amended and supplemented, including as amended and supplemented by the Twelfth Supplement to Electric Revenue Bond Fiscal Agent Agreement, dated as of _____ 1, 2026, by and between the Issuer and the Fiscal Agent, relating to Bonds. “Force Majeure Event” means: (i) acts of God, war, or terrorist action; (ii) failure or shut-down of the Electronic Municipal Market Access system maintained by the MSRB; or (iii) to the extent beyond the Disclosure Dissemination Agent’s reasonable control, interruptions in telecommunications or utilities services, failure, malfunction or error of any telecommunications, computer or other electrical, mechanical or technological application, service or system, computer virus, interruptions in Internet service or telephone service (including due to a virus, electrical delivery problem or similar occurrence) that affect Internet users generally, or in the local area in which the Disclosure Dissemination Agent or the MSRB is located, or acts of any government, regulatory or any other competent authority the effect of which is to prohibit the Disclosure Dissemination Agent from performance of its obligations under this Disclosure Agreement. “Holder” means any person (a) having the power, directly or indirectly, to vote or consent with respect to, or to dispose of ownership of, any Bonds (including persons holding Bonds through nominees, depositories or other intermediaries) or (b) treated as the owner of any Bonds for federal income tax purposes.
“Information” means, collectively, the Annual Reports, the Audited Financial Statements (if any), the Notice Event notices, the Failure to File Event notices, the Voluntary Event Disclosures and the Voluntary Financial Disclosures.
“MSRB” means the Muni cipal Securities Rulemaking Board established pursuant to Section 15B(b)(1) of the Securities Exchange Act of 1934 or any other entity designated or authorized by the Securities and Exchange Commission to receive reports pursuant to the Rule.

Until otherwise designated by the MSRB or the Securities and Exchange Commission, filings with the MSRB are to be made through the Electronic Municipal Marketplace Access (EMMA) website of the MSRB, currently located at http://emma.msrb.org. “Notice Event” means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.
“Obligated Person” means any person, including the Issuer, who is either generally or through an enterprise, fund, or account of such person committed by contract or other arrangement to support payment of all, or part of the obligations on the Bonds (othe r than providers of municipal bond

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i
nsurance, letters of credit, or other liquidity facilities). With respect to the Bonds, only the Issuer constitutes the Obligated Person.
“Official Statement” means that Official Statement dated ______, 2026 prepared by the Issuer in connection with the Bonds, as listed on Exhibit A.
“Voluntary Event Disclosure” means information of the category specified in any of subsections (e)(vi)(1) through (e)(vi)(11) of Section 2 of this Disclosure Agreement that is accompanied by a Certification of the Disclosure Representative containing the i nformation prescribed by Section 7(a) of this Disclosure Agreement.
“Voluntary Financial Disclosure” means information of the category specified in any of subsections (e)(vii)(1) through (e)(vii)(9) of Section 2 of this Disclosure Agreement that is accompanied by a Certification of the Disclosure Representative containing the information prescribed by Section 7(b) of this Disclosure Agreement.

SECTION 2. Provision of Annual Reports and Other Reports. (a) The Issuer shall provide, annually, an electronic copy of the Annual Report and Certification to the Disclosure Dissemination Agent, together with a copy for the Fiscal Agent, not later than 30 days prior to the Annual Filing Date. Promptly upon receipt of an electronic copy of the Annual Report and the Certification, the Disclosure Dissemination Agent shall provide an Annual Report to the MSRB not later than 210 days after the end of the Issuer’s Fiscal Year (presently June 30), commencing with the report for Fiscal Year 2025-26. Such date and each anniversary thereof is the Annual Filing Date.

The Annual Report must be submitted in electronic format, accompanied by such identifying information as is prescribed by the MSRB. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may cross- reference other information as provided in Section 3 of this Disclosure Agreement.
(b) If on the fifteenth (15th) day prior to the Annual Filing Date, the Disclosure Dissemination Agent has not received a copy of the Annual Report and Certification, the Disclosure Dissemination Agent shall contact the Disclosure Representative by telephone and in writing (which may be by e-mail) to remind the Issuer of its undertaking to provide the Annual Report pursuant to Section 2(a). Upon such reminder, the Disclosure Representative shall either (i) provide the Disclosure Dissemination Agent with an electronic copy of the Annual Report and the Certification) no later than two (2) business days prior to the Annual Filing Date, or (ii) instruct the Disclosure Dissemination Agent in writing that the Issuer will not be able to file the Annual Report within the time required under this Disclosure Agreement, state the date by which the Annual Report for such year will be provided and instruct the Disclosure Dissemination Agent to immediately provide a notice to the MSRB in substantially the form attached as Exhibit B. (c) If the Disclosure Dissemination Agent has not received an Annual Report and Certification by 6:00 p.m. Eastern time on Annual Filing Date (or, if such Annual Filing Date falls on a Saturday, Sunday or holiday, then the first business day thereafter) for the Annual Report, a Failure to File Event shall have occurred and the Issuer irrevocably directs the Disclosure Dissemination Agent to immediately send a notice to the MSRB in substantially the form attached as Exhibit B. (d) If Audited Financial Statements of the Issuer are prepared but not available prior to the Annual Filing Date, the Issuer shall, when the Audited Financial Statements are available, provide in a timely manner an electronic copy to the Disclosure Dissemination Agent, accompanied by a Certification, together with a copy for the Fiscal Agent, for filing with the MSRB.

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(e) The
Disclosure Dissemination Agent shall:
(i) verify the filing specifications of the MSRB each year prior to the Annual Filing Date;
(ii) upon receipt, promptly file each Annual Report received under Sections 2(a) and 2(b) with the MSRB;
(iii) upon receipt, promptly file each Audited Financial Statement received under Section 2(d) with the MSRB;
(iv) upon receipt, promptly file the text of each Notice Event received under Sections 4(a) and 4(b)(ii) with the MSRB, identifying the Notice Event as instructed by the Issuer pursuant to Section 4(a) or 4(b)(ii) (being any of the categories set forth below) when filing pursuant to Section 4(c) of this Disclosure Agreement:

1. “Principal and interest payment delinquencies;”

2. “Non-Payment related defaults, if material;”

3. “Unscheduled draws on debt service reserves reflecting financial difficulties;”

4. “Unscheduled draws on credit enhancements reflecting financial difficulties;”

5. “Substitution of credit or liquidity providers, or their failure to perform;”

6. “Adverse tax opinions, IRS notices or events affecting the tax status of the security;”

7. “Modifications to rights of securities holders, if material;”

8. “Bond calls, if material;”

9. “Defeasances;”

10. “Release, substitution, or sale of property securing repayment of the securities, if material;”

11. “Rating changes;”

12. “Tender off ers;”

13. “Bankruptcy, insolvency, receivership or similar event of the obligated person;”

14. “Merger, consolidation, or acquisition of the obligated person, if material;” and

15. “Appointment of a successor or additional trustee, or the change of name of a trustee, if material;”

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(
v) upon receipt (or irrevocable direction pursuant to Section 2(c) of this Disclosure Agreement, as applicable), promptly file a completed copy of Exhibit B to this Disclosure Agreement with the MSRB, identifying the filing as “Failure to provide annual financial information as required” when filing pursuant to Section 2(b)(ii) or Section 2(c) of this Disclosure Agreement;
(vi) upon receipt, promptly file the text of each Voluntary Event Disclosure received under Section 7(a) with the MSRB, identifying the Voluntary Event Disclosure as instructed by the Issuer pursuant to Section 7(a) (being any of the categories set forth below) when filing pursuant to Section 7(a) of this Disclosure Agreement:

1. “
amendment to continuing disclosure undertaking;”

2. “change in obligated person;”

3. “notice to investors pursuant to bond documents;”

4. “certain communications from the Internal Revenue Service;”

5. “seco
ndary market purchases;”

6. “
bid for auction rate or other securities;”

7. “capital or other financing plan;”

8. “
litigation/enforcement action;”

9. “change of tender agent, remarketing agent, or other on-going party;”

10. “d
erivative or other similar transaction;” and

11. “other event-based disclosures;”
(vii) upon receipt, promptly fi le the text of each Voluntary Financial Disclosure received under Section 7(b) with the MSRB, identifying the Voluntary Financial Disclosure as instructed by the Issuer pursuant to Section 7(b) (being any of the categories set forth below) when filing pursuant to Section 7(b) of this Disclosure Agreement:

1. “
quarterly/monthly financial information;”

2. “ch
ange in fiscal year/timing of annual disclosure;”

3. “ch
ange in accounting standard;”

4. “
interim/additional financial information/operating data;”

5. “budge
t;”

6. “
investment/debt/financial policy;”

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7. “inf
ormation provided to rating agency, credit/liquidity provider or other third party;”

8. “consultant reports;” and

9. “other financial/operating data.”
(viii) provide the Issuer evidence of the filings of each of the above when made, which shall be by means of the DAC system, for so long as DAC is the Disclosure Dissemination Agent under this Disclosure Agreement.
(f) The Issuer may adjust the Annual Filing Date upon change of its fiscal year by providing written notice of such change and the new Annual Filing Date to the Disclosure Dissemination Agent, Trustee (if any) and the MSRB, provided that the period between the existing Annual Filing Date and new Annual Filing Date shall not exceed one year.
(g) Any Information received by the Disclosure Dissemination Agent before 6:00 p.m. Eastern time on any business day that it is required to file with the MSRB pursuant to the terms of this Disclosure Agreement and that is accompanied by a Certification and all other information required by the terms of this Disclosure Agreement will be filed by the Disclosure Dissemination Agent with the MSRB no later than 11:59 p.m. Eastern time on the same business day; provided, however, the Disclosure Dissemination Agent shall have no liability for any delay in filing with the MSRB if such delay is caused by a Force Majeure Event provided that the Disclosure Dissemination Agent uses reasonable efforts to make any such filing as soon as possible.

SECTION 3. Content of Annual Reports.
(a) The Issuer’s Annual Report shall contain or include by reference the following:
(i) The Issuer’s annual Annual Comprehensive Financial Report, which shall include the audited financial statements of the Issuer’s Light and Power Fund for the prior fiscal year, prepared in accordance with generally accepted accounting principles as promulgated to apply to governmental entities from time to time by the Governmental Accounting Standards Board. If the Issuer’s audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 2(a), the Annual Report shall contain unaudited financial statements in a format similar to the financial statements contained in the final Official Statement, and the audited financial statements shall be filed in the same manner as the Annual Report when they become available; (ii) Pasadena Water and Power’s most recently published Annual Report, not previously filed with the MSRB;
(iii) Updated information comparable to the information in the following tables as they appear in the Official Statement relating to the Bonds:

1. Table 2 entitled “TOTAL POWER GENERATED AND PURCHASED (MWh);”

2. Table 3 entitled “POWER SUPPLY RESOURCES;”

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3. Tab
le 6 entitled “CUSTOMERS, ENERGY SALES AND REVENUES;”

4. Table 7 entitled “OUTSTANDING DEBT OF JOINT POWERS
AGENCIES;”

5. Table 10 entitled “HISTORICAL OPERATING RESULTS AND DEBT SERVICE COVERAGE;” and

6. Table 11 entitled “ELECTRIC UTILITY FUND CONDENSED
BALANCE SHEET.”
(b) Any or all of the items lis ted above may be included by specific reference from other documents, including official statements of debt issues with respect to which the Issuer is an Obligated Person, which have been previously filed with the MSRB or the Securities and Exchange Commission or available to the public on the MSRB Internet website. If the document incorporated by reference is a final official statement, it must be available from the MSRB. The Issuer will clearly identify each such document so incorporated by reference.

Any Annual Financial Information containing modified operating data or financial information is required to explain, in narrative form, the reasons for the modification and the impact of the change in the type of operating data or financial information being provided. The Issuer will reserve the right to modify from time to time the specific type of information provided or the format of the presentation of such information, to the extent necessary or appropriate in the judgment of the Issuer; provided that t he Issuer will agree that any such modification will be done in a manner consistent with the Rule.

SECTION 4. Reporting of Notice Events.
(a) Reporting of Notice Events.

The occurrence of any of the following events with respect to the Bonds constitutes a Notice Event:

1. Principal and interest payment delinquencies;

2. Non-payment related defaults, if material;

3. Unscheduled draws on debt service reserves reflecting financial difficulties;

4. Unscheduled draws on credit enhancements reflecting financial difficulties;

5. Substitution of credit or liquidity providers, or their failure to perform;

6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701- TEB) or other material notices or determinations with respect to the tax status of the Bonds, or other material events affecting the tax status of the Bonds;

7. Modifications to rights of Bond holders, if material;

8. Bond calls, if material, and tender offers;

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9. Def
easances;

10. R
elease, substitution, or sale of property securing repayment of the Bonds, if material;

11. Rating changes;

12. B
ankruptcy, insolvency, receivership or similar event of the Obligated Person;
Note to subsection (a)(12) of this Section 4: For the purposes of the event described in subsection (a)(12) of this Section 4, the event is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent or similar officer for an Obligated Person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the Obligated Person, or if such jurisdiction has been assu med by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the Obligated Person.

13. T
he consummation of a merger, consolidation, or acquisition involving an Obligated Person or the sale of all or substantially all of the assets of the Obligated Person, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of
a definitive agreement relating to any such actions, other than pursuant to its terms, if material; and

14. A
ppointment of a successor or additional trustee or the change of name of a trustee, if material.

15. I
ncurrence of a financial obligation of the Obligated Person, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a financial obligation of the Obligated Person, any of which affect security holders, if material.

Note to subsection (a)(15) of this Section 4: Financial obligation means a (A) debt obliga tion; (B) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (C) guarantee of (A) or (B). Financial obligation shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule.

16. D
efault, event of acceleration, termination event, modification of terms, or other similar events under the terms of a financial obligation of the Obligated Person, any of which reflect financial difficulties.

The Issuer shall, in a timely manner not in excess of ten business days after its occurrence, notify the Disclosure Dissemination Agent in writing of the occurrence of a Notice Event. Such notice shall

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ins
truct the Disclosure Dissemination Agent to report the occurrence pursuant to subsection (c) and shall be accompanied by a Certification. Such notice or Certification shall identify the Notice Event that has occurred (which shall be any of the categori es set forth in Section 2(e)(iv) of this Disclosure Agreement), include the text of the disclosure that the Issuer desires to make, contain the written authorization of the Issuer for the Disclosure Dissemination Agent to disseminate such information, and identif y the date the Issuer desires for the Disclosure Dissemination Agent to disseminate the information (provided that such date is not later than the tenth business day after the occurrence of the Notice Event). (b) The Disclosure Dissemination Agent is under no obligation to notify the Issuer or the Disclosure Representative of an event that may constitute a Notice Event. In the event the Disclosure Dissemination Agent so notifies the Disclosure Representative, the Disclosure Representative will within two business days of receipt of such notice (but in any event not later than the tenth business day after the occurrence of the Notice Event, if the Issuer determines that a Notice Event has occurred), instruct the Disclosure Dissemination Agent that (i) a Notice Event has not occurred and no filing is to be made or (ii) a Notice Event has occurred and the Disclosure Dissemination Agent is to report the occurrence pursuant to subsection (c) of this Section 4, together with a Certification. Such Certification shall identify the Notice Event that has occurred (which shall be any of the categories set forth in Section 2(e)(iv) of this Disclosure Agreement), include the text of the disclosure that the Issuer desires to make, contain the written authorization of the Issuer for the Disclosure Dissemination Agent to disseminate such information, and identify the date the Issuer desires for the Disclosure Dissemination Agent to disseminate the information (provided that such date is not later than the tenth business day after the occurrence of the Notice Event). (c) If the Disclosure Dissemination Agent has been instructed by the Issuer as prescribed in subsection (a) or (b)(ii) of this Section 4 to report the occurrence of a Notice Event, the Disclosure Dissemination Agent shall promptly file a notice of such occurrence with the MSRB in accordance with Section 2(e)(iv) hereof.

SECTION 5. CUSIP Numbers. Whenever providing information to the Disclosure Dissemination Agent, including but not limited to Annual Reports, documents incorporated by reference to the Annual Reports, Audited Financial Statements, Notice Event notices, Failure to File Event notices, Voluntary Event Disclosures and Voluntary Financial Disclosures, the Issuer shall indicate the full name of the Bonds and the 9-digit CUSIP numbers for the Bonds as to which the provided information relates.

SECTION 6. Additional Disclosure Obligations. The Issuer acknowledges and understands that other state and federal laws, including but not limited to the Securities Act of 1933 and Rule 10b- 5 promulgated under the Securities Exchange Act of 1934, may apply to the Issuer, and that the failure of the Disclosure Dissemination Agent to so advise the Issuer shall not constitute a breach by the Disclosure Dissemination Agent of any of its duties and responsibilities under this Disclosure Agreement. The Issuer acknowledges and understands that the duties of the Disclosure Dissemination Agent relate exclusively to execution of the mechanical tasks of disseminating information as described in this Disclosure Agreement.

SECTION 7. Voluntary Filings.
(a) The Issuer may instruct the Disclosure Dissemination Agent to file a Voluntary Event Disclosure with the MSRB from time to time pursuant to a Certification of the Disclosure Representative.

Such Certification shall identify the Voluntary Event Disclosure (which shall be any of the categories set forth in Section 2(e)(vi) of this Disclosure Agreement), include the text of the disclosure that the Issuer desires to make, contain the written authorization of the Issuer for the Disclosure Dissemination Agent to disseminate such information, and identify the date the Issuer desires for the Disclosure Dissemination Agent to disseminate the information. If the Disclosure Dissemination Agent has been instructed by t he Issuer as prescribed in this Section 7(a) to file a Voluntary Event Disclosure, the Disclosure Dissemination

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Agent
shall promptly file such Voluntary Event Disclosure with the MSRB in accordance with Section 2(e)(vi) hereof.
(b) The Issuer may instruct the Disclosure Dissemination Agent to file a Voluntary Financial Disclosure with the MSRB from time to time pursuant to a Certification of the Disclosure Representative.

Such Certification shall identify the Voluntary Financial Dis closure (which shall be any of the categories set forth in Section 2(e)(vii) of this Disclosure Agreement), include the text of the disclosure that the Issuer desires to make, contain the written authorization of the Issuer for the Disclosure Dissemination Agent to disseminate such information, and identify the date the Issuer desires for the Disclosure Dissemination Agent to disseminate the information. If the Disclosure Dissemination Agent has been instructed by the Issuer as prescribed in this Section 7(b) to file a Voluntary Financial Disclosure, the Disclosure Dissemination Agent shall promptly file such Voluntary Financial Disclosure with the MSRB in accordance with Section 2(e)(vii) hereof.
(c) The parties hereto acknowledge that the Issuer is not obligated pursuant to the terms of this Disclosure Agreement to file any Voluntary Event Disclosure pursuant to Section 7(a) hereof or any Voluntary Financial Disclosure pursuant to Section 7(b) hereof. (d) Nothing in this Disclosure Agreement shall be deemed to prevent the Issuer from disseminating any other information through the Disclosure Dissemination Agent using the means of dissemination set forth in this Disclosure Agreement or including any other information in any Annual Report, Audited Financial Statements, Notice Event notice, Failure to File Event notice, Voluntary Event Disclosure or Voluntary Financial Disclosure, in addition to that required by this Disclosure Agreement. If the Issuer chooses to include any information in any Annual Report, Audited Financial Statements, Notice Event notice, Failure to File Event notice, Voluntary Event Disclosure or Voluntary Financial Disclosure in addition to that which is specifically required by this Disclosure Agreement, the Issuer shall have no obligation under this Disclosure Agreement to update such information or include it in any future Annual Report, Audited Financial Statements, Notice Event notice, Failure to File Event notice, Voluntary Event Disclosure or Voluntary Financial Disclosure.

SECTION 8. Termination of Reporting Obliga tion. The obligations of the Issuer and the Disclosure Dissemination Agent under this Disclosure Agreement shall terminate with respect to the Bonds upon the legal defeasance, prior redemption or payment in full of all of the Bonds, when the Issuer is no longer an obligated person with respect to the Bonds, or upon delivery by the Disclosure Representative to the Disclosure Dissemination Agent of an opinion of nationally recognized bond counsel to the effect that continuing disclosure is no longer required.

SECTION 9. Disclosure Dissemination Agent. The Issuer has appointed Digital Assurance Certification, L.L.C. as exclusive Disclosure Dissemination Agent under this Disclosure Agreement. The Issuer may, upon thirty days written notice to the Disclosure Dissemination Agent and the Fiscal Agent, replace or appoint a successor Disclosure Dissemination Agent. Upon termination of DAC’s services as Disclosure Dissemination Agent, whether by notice of the Issuer or DAC, the Issuer agrees to appoint a successor Disclosure Dissemination Agent or, alternately, agrees to assume all responsibilities of Disclosure Dissemination Agent under this Disclosure Agreement for the benefit of the Holders of the Bonds. Notwithstanding any replacement or appointment of a successor, the Issuer shall remain liable until payment in full for any and all sums owed and payable to the Disclosure Dissemination Agent. The Disclosure Dissemination Agent may resign at any time by providing thirty days’ prior written notice to the Issuer.

SECTION 10. Remedies in Event of Default . In the event of a failure of the Issuer or the Disclosure Dissemination Agent to comply with any provision of this Disclosure Agreement, the Holders’

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ts to enforce the provisions of this Agreement shall be limited solely to a right, by action in mandamus or for specific performance, to compel performance of the parties’ obligation under this Disclosure Agreement. Any failure by a party to perform in accordance with this Disclosure Agreement shall not constitute a default on the Bonds or under any other document relating to the Bonds, and all rights and remedies shall be limited to those expressly stated herein.

SECTION 11. Duties, Immunities and Liabilities of Disclosure Dissemination Agent. (a) The Disclosure Dissemination Agent shall have only such duties as are specifically set forth in this Disclosure Agreement. The Disclosure Dissemination Agent’s obligation to deliver the information at the times and with the contents described herein shall be limited to the extent the Issuer has provided such information to the Disclosure Dissemination Agent as required by this Disclosure Agreement. The Disclosure Dissemination Agent shall have no duty with respect to the content of any disclosures or notice made pursuant to the terms hereof. The D isclosure Dissemination Agent shall have no duty or obligation to review or verify any Information or any other information, disclosures or notices provided to it by the Issuer and shall not be deemed to be acting in any fiduciary capacity for the Issuer, the Holders of the Bonds or any other party. The Disclosure Dissemination Agent shall have no responsibility for the Issuer’s failure to report to the Disclosure Dissemination Agent a Notice Event or a duty to determine the materiality thereof. The Discl osure Dissemination Agent shall have no duty to determine, or liability for failing to determine, whether the Issuer has complied with this Disclosure Agreement. The Disclosure Dissemination Agent may conclusively rely upon certifications of the Issuer at all times.

The obligations of the Issuer under this Section shall survive resignation or removal of the Disclosure Dissemination Agent and defeasance, redemption or payment of the Bonds. (b) The Disclosure Dissemination Agent may, from time to time, consult with legal counsel (either in-house or external) of its own choosing in the event of any disagreement or controversy, or question or doubt as to the construction of any of the provisions hereof or its respective duties hereunder, and shall not incur any liability and shall be fully protected in acting in good faith upon the advice of such legal counsel. The fees and expenses of such counsel shall be payable by the Issuer. (c) All documents, reports, notices, statements, information and other materials provided to the MSRB under this Disclosure Agreement shall be provided in an electronic format and accompanied by identifying information as prescribed by the MSRB.

SECTION 12. Amendment; Waiver . Notwithstanding any other provision of this Disclosure Agreement, the Issuer and the Disclosure Dissemination Agent may amend this Disclosure Agreement and any provision of this Disclosure Agreement may be waived, if such amendment or waiver is supported by an opinion of counsel expert in federal securities laws acceptable t o both the Issuer and the Disclosure Dissemination Agent to the effect that such amendment or waiver does not materially impair the interests of Holders of the Bonds and would not, in and of itself, cause the undertakings herein to violate the Rule if such amendment or waiver had been effective on the date hereof but taking into account any subsequent change in or official interpretation of the Rule; provided neither the Issuer nor the Disclosure Dissemination Agent shall be obligated to agree to any amendment modifying their respective duties or obligations without their consent thereto.

Notwithstanding the preceding paragraph, the Disclosure Dissemination Agent shall have the right to adopt amendments to this Disclosure Agreement necessary to comply with m odifications to and interpretations of the provisions of the Rule as announced by the Securities and Exchange Commission from time to time by giving not less than 20 days written notice of the intent to do so together with a copy of the proposed amendment to the Issuer. No such amendment shall become effective if the Issuer shall,

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hin 10 days following the giving of such notice, send a notice to the Disclosure Dissemination Agent in writing that it objects to such amendment.

SECTION 13. Beneficiaries. This Disclosure Agreement shall inure solely to the benefit of the Issuer, the Fiscal Agent of the Bonds, the Disclosure Dissemination Agent, the participating underwriter (as defined in the Rule), and the Holders from time to time of the Bonds, and shall create no rights in any other person or entity.

SECTION 14. Governing Law. This Disclosure Agreement shall be governed by the laws of the State of California (other than with respect to conflicts of laws).

SECTION 15. Counterparts. This Disclosure Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. (Signature page follows)

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Th
e Disclosure Dissemination Agent and the Issuer have caused this Continuing Disclosure Agreement to be executed, on the date first written above, by their respective officers duly authorized.

DIGITAL ASSURANCE CERTIFICATION, L.L.C.,
as Disclosure Dissemination Agent
By:

Name:

Title:

TY OF PASADENA, CALIFORNIA,
as Issuer
By:

Vicken Erganian
Deputy Director of Finance
APPROVED AS TO FORM:

By:
___________________________________
Michele Beal Bagneris
City Attorney
APP
ROVED AS TO FORM:

By:
___________________________________
Danny Kim, Partner
Best Best & Krieger LLP
Bond Counsel
-Signature Page-
Continuing Disclosure Agreement

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EXH
IBIT A

NAME AND CUSIP NUMBERS OF BONDS
Name of Issuer City of Pasadena, California
Obligated Person(s) City of Pasadena, California
Name of Bond Issue: $______ Ele ctric Revenue Refunding Bonds, 2026A Series Date of Issuance: ______, 2026
Date of Official Statement: ______, 2026
CUSIP Number:

CUSIP Number:

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EXH
IBIT B

NOTICE TO MSRB OF FAILURE TO FILE ANNUAL REPORT
Issuer:

Obligated Person:

City of Pasadena, California
City of Pasadena, California
Name of Bond Issue: $______ Electric Revenue Refunding Bonds, 2026A Series Date of Issuance: ______, 2026
NO
TICE IS HEREBY GIVEN that the Issuer has not provided an Annual Report with respect to the above-named Bonds as required by the Continuing Disclosure Agreement, dated as of ______ 1, 2026, between the Issuer and Digital Assurance Certification, L.L.C., as Disclosure Dissemination Agent. The Issuer has notified the Disclosure Dissemination Agent that it anticipates that the Annual Report will be filed by______________.

Dated: ________________ DIGITAL ASSURANCE CERTIFICATION, L.L.C., on behalf of the City of Pasadena, California
By:
cc: Director of Finance, City of Pasadena

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APPE
NDIX F

PROPOSED FORM OF OPINION OF BOND COUNSEL
Upon issuance of the 2026A Bonds, Best Best & Krieger LLP , Los Angeles, California, Bond Counsel, proposes to render its final opinion with respect to the 2026A Bonds in substantially the following form:
[CLOSING DATE]
City of Pasadena
Pasadena, California
$_________
City of Pasadena, California
Electric Revenue Refunding Bonds, 2026A Series
Ladies and Gentlemen:

We have acted as bond counsel to the City of Pasadena, Cal ifornia (the “City”) in connection with the issuance of the City’s Electric Revenue Refunding Bonds, 2026A Series (the “ 2026A Bonds”) in the aggregate principal amount of $___________. The 2026A Bonds are being issued pursuant to the Charter of the City, as amended (the “Charter”), including Article XIV thereof, Ordinance No. _____ (the “Ordinance”), adopted by the City Council of the City (the “Council”) on ________, 2026, and an Electric Revenue Bond Fiscal Agent Agreement, dated as of August 1, 1998, by and between the City and The Bank of New York Mellon Trust Company, N.A. (successor to BNY Western Trust Company), as fiscal agent (the “Fiscal Agent”), as amended and supplemented, including as amended and supplemented by a Twelfth Supplement to Electric Revenue Bond Fiscal Agent Agreement, dated as of _________ 1, 2026, each by and between the City and the Fiscal Agent (collectively, the “Fiscal Agent Agreement”).

In our capacity as bond counsel, we have reviewed the Charter, the Ordinance, resolutions adopted by the City Council, the Fiscal Agent Agreement, certifications of the City, the Fiscal Agent and others, opinions of counsel to the City and the Fiscal Agent, and such other documents, opinions and instruments as we deemed necessary to render the o pinions set forth herein. Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Fiscal Agent Agreement.

We have assumed the genuineness of all documents and signatures presented to us. We have not undertaken to verify independently, and have assumed, the accuracy of the factual matters represented, warranted or certified in such documents. Furthermore, we have assumed compliance with all covenants and agreements contained in the Fiscal Agent Agreement, including ( without limitation) covenants and agreements compliance with which is necessary to assure that future actions, omissions or events will not cause interest on the 2026A Bonds to be included in gross income for federal income tax purposes.

Based on and subje ct to the foregoing, and in reliance thereon, as of the date hereof, we are of the following opinions:

1. The City is authorized and empowered by law, including the Charter, to adopt the Ordinance, to execute and deliver the Fiscal Agent Agreement, to issue the 2026 A Bonds, to use the proceeds from the sale thereof for the purposes stated in the Ordinance and the Fiscal Agent Agreement and to pledge the Net Income of the Electric System.

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2. The F
iscal Agent Agreement has been, pursuant to law, including the Charter and the Ordinance, duly authorized, executed and delivered by, and constitutes the valid and binding obligation of, the City.

3. The 2026A Bonds are valid and binding special obligations of the City and are payable exclusively from the Light and Power Fund of the City’s Water and Power Department and certain other funds as provided in the Fiscal Agent Agreement, and are secured by a pledge of and lien upon Net Income of the Electric System on a parity with other obligations of the Electric System payable from Net Income of the Electric System and issued from time to time pursuant to the Fiscal Agent Agreement. The general fund of the City is not liable for the payment of any 2026A Bonds, any premium thereon upon redemption prior to maturity or their interest, nor is the credit or taxing power of the City pledged for the payment of any 2026A Bonds, any premium thereon upon redemption prior to maturity or their interest. The Owner of any 2026A Bond may not compel the exercise of the taxing power by the City or the forfeiture of any of its property. The principal of and interest on any 2026A Bonds and any premiums upon the redemption of any thereof prior to maturity are not a debt of the City nor a legal or equitable pledge, charge, lien or encumbrance upon any of its property or upon any of its income, receipts or revenues, except the Net Income and other funds, security or assets which are pledged to the payment of the 2026A Bonds, interest thereon and any premiums upon redemption.

4. The Internal Revenue Code of 1986 (the “Code”) sets forth certain requirements which must be met subsequent to the issuance and delivery of the 2026A Bonds for interest thereon to be and remain excluded from gross income for federal income tax purposes. Noncompliance with such requirements could cause the interest on the 2026A Bonds to be included in gross income for federal income tax purposes retroactive to the date of issue of the 2026A Bonds. Pursuant to the Fiscal Agent Agreement and the Tax Certificate, the City has covenanted to comply with the applicable requirements of the Code in order to maintain the exclusion of the interest on the 2026A Bonds from gross income for federal income tax purposes pursuant to Section 103 of the Code. In addition, the City has made certain representations and certifications in the Fiscal Agent Agreement and the Tax Certificate. We have not independently verified the accuracy of those certifications and representations.

Under existing law, assuming compliance with the tax covenan ts described herein and the accuracy of the aforementioned representations and certifications, interest on the Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Code. We are also of the opinion that such interest is not treated as a preference item in calculating the alternative minimum tax imposed under the Code.

Interest on the Bonds is exempt from personal income taxes of the State of California under present state law.

The opinions expressed in paragraphs 2 and 3 above are qualified to the extent that the enforceability of the 2026A Bonds and the Fiscal Agent Agreement may be limited by applicable bankruptcy, insolvency, debt adjustment, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors’ rights generally or as to the availability of any particular remedy. The enforceability of the 2026A Bonds and the Fiscal Agent Agreement is subject to the effect of general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing, to the possible unavailability of specific performance or injunctive relief, regardless of whether considered in a proceeding in equity or at law, and to the limitations on legal remedies against governmental entities in California (including, but not limited to, rights of indemnification).

In rendering the opinions set forth in paragraph 4 above, we are relying upon representations and covenants of the City in the Tax Certificate concerning the investment and use of 2026A Bond proceeds, the rebate to the federal government of certain earnings thereon, and the use of the property and facilities financed with the proceeds of the 2026A Bonds. In addition, we have assumed that all such representations are true and correct and

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that t
he City will comply with such covenants. We express no opinion with respect to the exclusion of the interest on the 2026A Bonds from gross income under Section 103(a) of the Code in the event that any of such representations are untrue or the City fails to comply with such covenants, unless such failure to comply is based on our advice or opinion.

Except as stated in paragraph 4 above, we express no opinion as to any other federal, state or local tax consequences of the ownership or disposition of the 2026A Bonds. Furthermore, we express no opinion as to any federal, state or local tax law consequences with respect to the 2026A Bonds, or the interest thereon, if any action is taken with respect to the 2026A Bonds or the proceeds thereof upon the advice or approval of other counsel.

Our opinions are based on existing law, which is subject to change. Such opinions are further based on our knowledge of facts as of the date hereof. We assume no duty to update or supplement our opinions to reflect any facts or circumstances that may hereafter come to our attention or to reflect any changes in any law that may hereafter occur or become effective. Moreover, our opinions are not a guarantee of result and are not binding on the Internal Revenue Service; rather, such opinions represent our legal judgment based upon our review of existing law that we deem relevant to such opinions and in reliance upon the representations and covenants referenced above.

No opinion is expressed herein on the accuracy, completeness or sufficiency of the Official Statement or other offering material relating to the 2026A Bonds.

Very truly yours,

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1 X
N2TKC5O0D2VQ8
RESOLUTION NO. __________

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PASADENA,

CALIFORNIA AUTHORIZING THE INVITATION OF BIDS FOR THE
PURCHASE OF ELECTRIC REVENUE REFUNDING BONDS, 2026A
SERIES OF SAID CITY; APPROVING A NOTICE OF INTENTION TO

SELL BONDS, A PRELIMINARY OFFICIAL STATEMENT AND A
NOTICE INVITING BIDS; AUTHORIZING THE PUBLICATION OF A
NOTICE OF INTENTION TO SELL BONDS; AND AUTHORIZING

CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH
WHEREAS, the City Council of the City of Pasadena, California (the “City Council”) deems it necessary and proper that bids be invited for the purchase of the Electric Revenue Refunding Bonds, 2026A Series (the “2026A Bonds”) of the City of Pasadena, California (the “City”) and that the 2026A Bonds be sold in the manner and at the time and place hereinafter set forth;
NOW, THEREFORE, the City Council does hereby resolve, determine and order as follows:

Section 1. Electronic proposals for the purchase of the 2026A Bonds shall be received by the Director of Finance of the City (or designee of the Director of Finance) at the time and place determined as provided in the Notice of Intention to Sell Bonds and the Notice Inviting Bids as hereinafter approved.

Section 2. The Director of Finance (or designee of the Director of Finance) is hereby authorized and directed to publish a Notice of Intention to Sell Bonds, substantially in the form annexed hereto as “Exhibit A” and hereby approved by this City Council, by one insertion in a newspaper of general circulation published in the City, at least five days prior to the date of receiving proposals for the purchase of the 2026A Bonds.

Section 3. The City Council hereby approves the Preliminary Official Statement relating to the 2026A Bonds substantially in the form on file with the City Clerk, a copy of which has been made available to this City Council, with such changes therein as the Director of Finance of the City (or designee of the Director of Finance) may determine necessary, to be furnished to prospective bidders for the 2026A Bonds as provided in Section 4 hereof. The City authorizes the Director of Finance (or

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N2TKC5O0D2VQ8
designee of the Director of Finance) to deem the Preliminary Official Statement to be final within the meaning of Securities and Exchange Commission Rule 15c2-12 subject to completion of those items permitted by said Rule. The City Council directs the City Clerk to file the Preliminary Official Statement in her office and to identify it as being the Preliminary Official Statement so approved hereby, by an endorsement thereon to that effect over her signature. The Director of Finance (or designee of the Director of Finance) is authorized and directed to execute and deliver a final Official Statement in substantially the form of the Preliminary Official Statement hereby approved, with such additions thereto and changes therein as are consistent with this Resolution and recommended or approved by Disclosure Counsel to the City and approved by such officers and employees, such approval to be conclusively evidenced by the execution and delivery thereof.

Section 4. The Director of Finance (or designee of the Director of Finance) is authorized and directed to cause to be furnished to prospective bidders, upon their request, a reasonable number of copies of the Ordinance authorizing issuance of the 2026A Bonds, the Electric Revenue Bond Fiscal Agent Agreement, the Twelfth Supplement to Electric Revenue Bond Fiscal Agent Agreement providing for the issuance of the 2026A Bonds as approved pursuant to said Ordinance, and the Preliminary Official Statement. The Director of Finance (or designee of the Director of Finance) is authorized and directed to cause to be furnished to prospective bidders, upon their request, a reasonable number of copies of the Notice Inviting Bids substantially in the form annexed hereto as “Exhibit B” and hereby approved by the City Council. The Director of Finance is further authorized and directed, after any proposal for the purchase of the 2026A Bonds has been accepted by the Director of Finance (or designee of the Director of Finance), and after the final Official Statement has been prepared, to cause to be furnished to the successful bidder, for use in connection with the resale of the 2026A Bonds, such number of copies of the final Official Statement as may be reasonably required.

Section 5. The Director of Finance (or designee of the Director of Finance) may withdraw or modify the Notice Inviting Bids and the Notice of Intention to Sell Bonds, or either, at any time by notice published via MuniOS (www.munios.com) or

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N2TKC5O0D2VQ8
Refinitiv Municipal Market Monitor (www.tm3.com) or other means determined by the Director of Finance (or designee of the Director of Finance) to be reasonably calculated to reach potential bidders for the 2026A Bonds. If the Director of Finance should withdraw the Notice Inviting Bids or the Notice of Intention to Sell Bonds at any time before the 2026A Bonds are awarded, and should at a later date determine that it is desirable to receive bids for the 2026A Bonds, then the Director of Finance (or designee of the Director of Finance) is hereby authorized to redistribute the Notice Inviting Bids and republish the Notice of Intention to Sell Bonds with such modifications or revisions as are approved by the Director of Finance (or designee of the Director of Finance).

Section 6. The City Council shall confirm the award of the 2026A Bonds at the time and date specified in the Notice Inviting Bids by subsequent City Council action; provided, that if the City Council does not meet at City Hall in Council Chambers or does not achieve a quorum on the date on which bids for the 2026A Bonds are received, the Director of Finance (or designee of the Director of Finance) is hereby authorized and directed on behalf of the City to accept the best bid for the 2026A Bonds received (or reject all bids) pursuant to and subject to the terms and conditions set forth in the Notice Inviting Bids and to take such other actions as the Director of Finance (or designee of the Director of Finance) deems appropriate, consistent with the provisions hereof, and upon the execution by any member of this City Council and by the Director of Finance (or designee of the Director of Finance) of a Written Order to award the 2026A Bonds to the best bidder, the 2026A Bonds shall be so awarded, and the interest rate or rates on the 2026A Bonds as have been bid by the best bidder so awarded the 2026A Bonds shall be fixed.

Section 7. The law firm of Best Best & Krieger LLP, Los Angeles, California, is hereby retained as Bond Counsel and Disclosure Counsel in connection with the issuance of the 2026A Bonds, upon such terms and conditions as shall be approved and executed by the City Attorney (or designee of the Director of Finance).

Section 8. The firm of PFM Financial Advisors LLC, Los Angeles, California, is hereby retained as municipal advisor in connection with the issuance of the 2026A Bonds, upon such terms and conditions as shall be approved by the Director of Finance (or designee of the Director of Finance).

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XN2TKC5O0D2VQ8
Exhibit A
Notice of Intention to Sell Bonds

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B
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Exhibit B
Notice Inviting Bids

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1 XOGYD2CO0D1OMB
Introduced by: __________________________
ORDINANCE NO. ________

AN ORDINANCE OF THE CITY OF PASADENA AUTHORIZING THE
ISSUANCE BY THE CITY OF NOT TO EXCEED $104,000,000

AGGREGATE PRINCIPAL AMOUNT OF CITY OF PASADENA
ELECTRIC REVENUE REFUNDING BONDS, 2026A SERIES,

PAYABLE OUT OF THE LIGHT AND POWER FUND, AND APPROVING

THE EXECUTION AND DELIVERY OF A TWELFTH SUPPLEMENT TO

ELECTRIC REVENUE BOND FISCAL AGENT AGREEMENT AND A

CONTINUING DISCLOSURE AGREEMENT IN CONNECTION

THEREWITH
The People of the City of Pasadena ordain as follows:

SECTION 1. This ordinance, due to its length and corresponding cost of publication, will be published by title and summary as permitted in Section 508 of the Pasadena City Charter. The approved summary of this ordinance is as follows:
“Summary
This uncodified ordinance authorizes the issuance of not to exceed $104 million in 2026A Bonds for the primary purpose of refunding the outstanding and unpaid principal amount of Electric Revenue Refunding Bonds, 2016A Series.

Ordinance no. ________ shall take effect upon publication by title and summary.” SECTION 2. The City Clerk shall certify the adoption of this ordinance and shall cause this ordinance to be published by title and summary. / / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /

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2 XOGYD2CO0D1OMB
SECTION 3. This Ordinance shall take effect on the date of publication pursuant to Section 2, subject only to the right of referendum provided in Section 1413 of the City Charter.

Signed and approved this________ day of_______________, 2026.

Victor M. Gordo
Mayor of the City of Pasadena
I HEREBY CERTIFY that the foregoing ordinance was adopted by the City Council of the City of Pasadena at its meeting held this ________day of_____________2026, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Date Published:

Mark Jomsky
City Clerk
Approved as to form:

Lisa Hosey
Assistant City Attorney

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1 XMJMXIBD0D3775
Introduced by: ____________________
ORDINANCE NO. _________

AN ORDINANCE OF THE CITY OF PASADENA AUTHORIZING THE
ISSUANCE BY THE CITY OF NOT TO EXCEED $104,000,000

AGGREGATE PRINCIPAL AMOUNT OF CITY OF PASADENA
ELECTRIC REVENUE REFUNDING BONDS, 2026A SERIES,

PAYABLE OUT OF THE LIGHT AND POWER FUND, AND APPROVING

THE EXECUTION AND DELIVERY OF A TWELFTH SUPPLEMENT TO

ELECTRIC REVENUE BOND FISCAL AGENT AGREEMENT AND A

CONTINUING DISCLOSURE AGREEMENT IN CONNECTION

THEREWITH
WHEREAS, pursuant to Article XIV of the Charter (the “Charter”) of the City of Pasadena (the “City”), the City Council of the City (the “City Council”) is authorized to provide for the issuance of revenue bonds for the purpose of providing moneys for the acquisition and construction of additions to, extensions, improvements, or repairs of the electric works of the City, or the purchase for intertie purposes of undivided joint interests or rights of use in other generation or transmission facilities, constructed either by governmental agencies or investor-owned companies, or for the purpose of refunding any revenue bonds issued for such purposes, by ordinance authorizing the issuance of such revenue bonds; and
WHEREAS, the City has heretofore authorized and issued $119,440,000 principal amount of its City of Pasadena, California Electric Revenue/Refunding Bonds, 2016A Series (the “2016A Bonds”), of which $92,090,000 principal amount are outstanding and unpaid; and
WHEREAS, pursuant to Article XIV of the Charter, the City now proposes to issue its Electric Revenue Refunding Bonds, 2026A Series (the “2026A Bonds”) pursuant to the Electric Revenue Bond Fiscal Agent Agreement, dated as of August 1, 1998 (the “Master Fiscal Agent Agreement”), by and between the City and The Bank of New York Mellon Trust Company, N.A., as successor fiscal agent (the “Fiscal Agent”), as amended and supplemented, including as amended and supplemented by a Twelfth Supplement to Electric Revenue Bond Fiscal Agent Agreement, by and between the City and the Fiscal Agent (the Master Fiscal Agent Agreement as so amended and supplemented hereinafter, the “Fiscal Agent Agreement”), in order (i) to refund all of the

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2 XMJMXIBD0D3775
outstanding 2016A Bonds, and (ii) to pay costs of issuance of the 2026A Bonds, said 2026A Bonds not to constitute an indebtedness of the City but to constitute obligations which shall be payable as to both principal and interest, and any premiums upon the redemption of any thereof prior to maturity, only from the Light and Power Fund of the City and certain other funds as provided in the Fiscal Agent Agreement; and this Ordinance is for the purpose of authorizing the issuance of such 2026A Bonds.

NOW, THEREFORE, the People of the City of Pasadena ordain as follows:

Section 1. Summary. This ordinance, due to its length and corresponding cost of publication, will be published by title and summary as permitted by Section 508 of the Pasadena City Charter. The approved summary of this ordinance is as follows:
“Summary
This uncodified ordinance authorizes the issuance of not to exceed $104 million in 2026A Bonds for the primary purpose of refunding the outstanding and unpaid principal amount of Electric Revenue Refunding Bonds, 2016A Series.

Ordinance no. ____________ shall take effect upon publication.” Section 2. Authorization to Issue 2026A Bonds; Purpose; Principal Amount. (a) Pursuant to Article XIV of the Charter, the City Council does hereby authorize to be issued, upon the terms and conditions as hereinafter set forth, the 2026A Bonds in the aggregate principal amount of not to exceed $104,000,000 for the primary purpose of refunding the 2016A Bonds.
(b) This Ordinance shall constitute complete authority to issue the 2026A Bonds pursuant to the Fiscal Agent Agreement as provided herein.

Section 3. Issuance of 2026A Bonds. The 2026A Bonds shall be issued pursuant to and in accordance with the terms and conditions set forth in this Ordinance, and more specifically in the Fiscal Agent Agreement, including the Twelfth Supplement.

Section 4. Date of Issuance; Interest Rates for the 2026A Bonds. The 2026A Bonds shall be dated their date of delivery. The interest rates to be payable on the 2026A Bonds shall not exceed such rates as will result in a true interest cost to the City of greater than (5.50%) for the 2026A Bonds.

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3 XMJMXIBD0D3775
Section 5. Maturity Dates. The maximum term for the 2026A Bonds shall not exceed August 1, 2045. Subject to the preceding sentence, the 2026A Bonds shall mature and be payable on such dates as specifically set forth in the Twelfth Supplement described in Section 7 hereof.

Section 6. Source of Payment. The 2026A Bonds shall not constitute an indebtedness of the City but shall constitute obligations which shall be payable as to both principal and interest, and any premiums upon the redemption of any thereof prior to maturity, only from the Light and Power Fund of the City, as provided in Article XIV of the Charter, and certain other funds as authorized by Article XIV and provided in the Fiscal Agent Agreement.

Section 7. Approval of Twelfth Supplement. In order to prescribe the terms and conditions upon which the 2026A Bonds are to be issued, secured, executed, authenticated and held, the Twelfth Supplement proposed to be executed and entered into by the City and the Fiscal Agent, in substantially the form attached hereto as Exhibit A, is hereby approved, and the Director of Finance (or designee of the Director of Finance, her designee) is hereby authorized and directed, for and in the name and on behalf of the City, to execute, and the City Clerk is authorized to affix the official seal of the City to, and deliver the Twelfth Supplement in substantially such form, with such changes (including, without limitation, such changes as may be requested by rating agencies providing ratings on the 2026A Bonds) as may be approved by the Director of Finance (or designee of the Director of Finance), acting on behalf of the City, subject to advice of counsel, such execution thereof to constitute conclusive evidence of the approval of the City of all changes from the form of the Twelfth Supplement presented to this meeting.

Section 8. Continuing Disclosure Agreement. The Continuing Disclosure Agreement, proposed to be executed and entered into by and between the City and the Digital Assurance Certification, L.L.C., in substantially the form attached hereto as Exhibit B is hereby approved, and the Director of Finance (or designee of the Director of Finance) is hereby authorized and directed, for and in the name and on behalf of the City, to execute and deliver the Continuing Disclosure Agreement in substantially said form, with such changes as may be approved by the Director of Finance (or designee of

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4 XMJMXIBD0D3775
the Director of Finance), acting on behalf of the City, subject to advice of counsel, such execution thereof to constitute conclusive evidence of the approval of the City of all changes from the form of the Continuing Disclosure Agreement presented to this meeting.

Section 9. Official Action. All actions heretofore taken by the officers and agents of the City with respect to the issuance of the 2026A Bonds and the negotiation and execution of said agreements are hereby approved, confirmed and ratified. The City Manager, the Director of Finance, the City Treasurer, the City Clerk and any and all other officers of the City are hereby authorized and directed, for and in the name and on behalf of the City to do any and all things and take any and all actions, including, without limitation, the execution and delivery of any and all certificates, requisitions, agreements and other documents, which they, or any of them, may deem necessary or advisable in order to consummate the issuance, sale and delivery of the 2026A Bonds pursuant to the agreements described herein.

Section 10. Provisions Necessary and Desirable. The provisions of this Ordinance are deemed necessary and desirable to facilitate the issuance and sale of the 2026A Bonds authorized by this Ordinance.

Section 11. Publication. The City Clerk shall certify to the adoption of this Ordinance and shall cause this Ordinance to be published by title and summary. / / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /
/ / /

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1 XMJMXIBD0D3775

EXHIBIT A

PROPOSED FORM OF TWELFTH SUPPLEMENT TO

ELECTRIC REVENUE BOND FISCAL AGENT AGREEMENT

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B-1
XMJMXIBD0D3775

EXHIBIT B

PROPOSED FORM OF

CONTINUING DISCLOSURE AGREEMENT

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Pasadena Water and Power
Electric Revenue Refunding Bonds
Series 2026A
Agenda Item #: 1
Finance Committee – August 24, 2026 – Item 1
City Council – August 31, 2026 – Item X

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Pasadena Water and Power
Recommendation
• Find that the proposed action is not a project
su
bject to California Environmental Quality Act
(CEQA) and as such no environmental document
pursuant to CEQA is required for the project
• Adopt a Resolution authorizing the invitation of bids for
the purchase of Electric Revenue/Refunding
Bonds, 2026A Series of said city, approving a notice
of intention to sell bonds, a preliminary official
statement, a notice inviting bids, authorizing the
publication of a notice of intention to sell bonds,
and authorizing certain other actions in connection
therewith
2

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Pasadena Water and Power
Background
• In 2016, the City issued Electric Revenue Refunding Bonds, Ser
ies 2016A, in the aggregate amount of $141,935,281. The pr
oceeds of the bonds were used to pay in full the
outstanding balance on a line of credit for the electric system, fund a portion of the capital improvement program of the electric distribution, refund the outstanding 2008 bonds, fund a deposit to the parity reserve, and to pay the cost of issuance of the 2016A Bonds.
• The outstanding balance of the 2016A Bonds is $92,090,000, wit
h coupon rates between 4% and 5%. Current market yields f
or comparable Electric System maturities are approximately

3.7%. Because the 2016A Bonds are callable at par beginning June 1, 2026, the difference between their fixed rates and current market yields creates an opportunity to refund the full 2016A series and generate savings.
3

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Pasadena Water and Power
2026A Electric Revenue Refunding Bonds
• The City is planning to issue Electric Revenue
Re
funding Bonds, Series 2026A, in the
aggregate amount of $104 million to refund
the 2016A bonds.
• The estimated financial results:
> True Interest Cost not to exceed 5.5%
> NPV Savings = $6.8 million
*
> N
PV % Savings = 7.4%
> Average Annual Savings = $1.2 million
*after adjusting for the release of the parity reserve fund 4

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NEW BUSINESS
ITEM 2

2. AUTHORIZE THE CITY MANAGER TO EXECUTE AN AGREEMENT

WITH PASADENA COMMUNITY FOUNDATION TO SUPPORT

IMPLEMENTATION OF THE TUBERCULOSIS CLINICIAN
ENGAGEMENT AND ACTION FOR RESPONSE (“TB CLEAR”)
PROGRAM FOR AN AMOUNT NOT-TO-EXCEED $518,869 FOR TWO
YEARS AND RECOGNIZE AND APPROPRIATE $254,754 TO THE
FISCAL YEAR 2027 PUBLIC HEALTH DEPARTMENT OPERATING
BUDGET AND INCREASE THE PERSONNEL ALLOCATION BY 1.0

FULL-TIME EQUIVALENT

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Public Health Department

AUTHORIZE THE CITY MANAGER TO EXECUTE AN AGREEMENT WITH

PASADENA COMMUNITY FOUNDATION TO SUPPORT IMPLEMENTATION OF

THE TUBERCULOSIS CLINICIAN ENGAGEMENT AND ACTION FOR RESPONSE (“TB CLEAR”) PROGRAM FOR AN AMOUNT NOT-TO-EXCEED $518,869 FOR TWO YEARS AND RECOGNIZE AND APPROPRIATE $254,754 TO THE FISCAL YEAR 2027 PUBLIC HEALTH DEPARTMENT OPERATING BUDGET AND INCREASE THE PERSONNEL ALLOCATION BY 1.0 FULL-TIME EQUIVALENT Finance Committee Item No. # 2
August 24, 2026

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Public Health Department
Background
• Tuberculosis (TB) cases in California have increased
by 26% since 2020
> 2,150 reported cases in 2025
> Most cases (83%) are the result of progression from
latent TB infection to active TB disease
• Lack of effective treatment can increase severity,
drug-resistance, and expose more people
> TB is considered rare so physicians may be less
ex
perienced in TB care best practices
> Primary care providers may also be generally less
c
omfortable treating TB

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Public Health Department
TB CLEAR Program
• TB CLinician Engagement and Action for Response
(“TB CLEAR”)
> Enhanced clinician case management and outreach
> Designed to promote and foster evidence-based TB
m
anagement in a patient’s medical home
• UniHealth Foundation grant through Pasadena
Community Foundation

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Public Health Department
TB CLEAR Program and Staffing
• Proposed program will support local health providers
> Build their capacity for delivering TB care
> Offer training, educational materials, and one-on-one technical assistance
• If approved, PPHD will:
> Add 1.0 FTE grant-funded limited-term position Nurse
P
ractitioner
> Support 0.50 FTE of an existing Community Services
Rep
resentative III

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Public Health Department
Fiscal Impact
• If approved, the Department FY27 Operating Budget
will be amended:
> Increase by $254,754 for project implementation
> Increase the personnel allocation by 1.0 FTE
• Remaining grant funding will be appropriated and
recognized in the annual budget submission in future
fiscal years

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Public Health Department
Recommendations
• Find that the proposed actions are not a project
subject to the California Environmental Quality Act
(CEQA) pursuant to Section 21065 of CEQA and
Sections 15060(c)(2), 15060(c)(3), and 15378 of the
State CEQA Guidelines and, as such, no
environmental document pursuant to CEQA is
required;

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Public Health Department
Recommendations
• Authorize the City Manager to execute an agreement
with the Pasadena Community Foundation (“PCF”) to
accept and administer $518,869 in UniHealth Foundation
grant funds on behalf of the City of Pasadena to expand tuberculosis program services through June 30, 2028; and • Amend the Fiscal Year 2027 Public Health Department
operating budget by recognizing and appropriating
$254,754 in the Health Fund (203) and increase th
e
p
ersonnel allocation by 1.0 full-time equivalent (“FTE”) limited-term grant-funded position.

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NEW BUSINESS
ITEM 3

3. AUTHORIZE THE CITY MANAGER TO ENTER INTO A CONTRACT
WITH ELEGANT CONSTRUCTION, INC. FOR CONSTRUCTION OF A

PREFABRICATED STEEL STRUCTURE AND SITE WORK AT THE

POLICE DEPARTMENT HELIPORT FACILITY FOR AN AMOUNT NOT
TO EXCEED $1,641,875 AND AMENDMENT TO THE FISCAL YEAR
2027 CAPITAL IMPROVEMENT PROGRAM BUDGET

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Department of Public Works

AUTHORIZE THE CITY MANAGERTO ENTER INTO A CONTRACT WITH ELEGANT CONSTRUCTION, INC. FOR CONSTRUCTION OF A PREFABRICATED

STEEL STRUCTURE AND SITE WORKAT THE POLICE DEPARTMENT HELIPORT FACILITY FOR AN AMOUNT NOT TO EXCEED $1,641,875AND TO AMEND THE FISCAL YEAR 2027 CAPITALIMPROVEMENT PROGRAM BUDGET
City Council/Finance Committee
August 24, 2026
Item 3

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Department of Public Works
Project Background
2 • Police Department’s Air Operations Section has served Pasadena since 1969
• Existing auxiliary hangar located at 2175 Yucca Lane is undersized and at the end of its useful life
• New Mobile Command Center and two additional Bell helicopters require additional enclosed space
• Project replaces existing 2,400 square-foot hangar with a new 5,000 square-foot hangar facility
2

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Department of Public Works
Project Background (cont’d)
3 Key Cost Drivers Requiring Additional Funding
• As the design progressed and code compliance requirements were finalized, the replacement hangar was determined to require a fire suppression system, necessitating modifications to the prefabricated hangar, installation of fire suppression equipment, and construction of a new water service
• Additional improvements were incorporated to satisfy current building code requirements, including accessibility upgrades, Low Impact Development (LID) measures, and enhanced structural design requirements for essential facilities
• Operational improvements were incorporated to support the current and future needs of the Police Department's Air Operations Section • Construction labor and materials cost increases since project was originally programmed in 2021
Project Status
• Prefabricated hangar and aircraft door system have been procured, fabricated, and delivered to site 3

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Department of Public Works
Fiscal Impact
4 4
Project Expenditures to Date
Mobile Command Center $1,666,545
Design Consultant $ 232,500
Building Components and Equip. $ 459,909
Project Management & In-house Design $ 117,576
Total Project Expenditure to Date $2,475,730
CIP Appropriation to Date (71919) $3,400,000
CIP Project (71919) Current Balance $ 924,270

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Department of Public Works
Fiscal Impact
5 5
Current FY 2027-2031 CIP Project Budget (71919) Balance $ 924,270 Project Budget Amendment
FY 2027-2031 CIP Project Budget (71919) $ 3,400,000
Appropriation of Public Safety Augmentation
Fund (202) $ 900,000
New Project Budget Amount $ 4,300,000
Contract Summary
Base Bid $ 1,491,875
Contingency $ 150,000
Contract Not-to-Exceed Amount $ 1,641,875
Total Fiscal Impact
Contract + Contingency $ 1,641,875
Construction Admin, Material Testing, Inspection $ 122,125 Total Cost of Action $ 1,764,000
Project will have no additional impact on the General Fund beyond the funds previously budgeted for the project

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Department of Public Works
Recommendations
For Item No. XX, it is recommended that the City Council:

1. Find the contract proposed herein to be categorically exempt under the California Environmental Quality Act (CEQA) pursuant to Title 14, Chapter 3, Article 19, Section 15301, Class 1 – Existing Facilities, Section 15302, Class 2 – Replacement or Reconstruction, and Section 15303, Class 3 – New Construction or Conversion of Small Structures, and that there are no features that distinguish this project from others in the exempt class and, therefore, there are no unusual circumstances;

2. Award contract to the lowest and best bid dated June1, 2026, submitted by Elegant Construction, Inc. in response to the bid specifications for Construction of Prefabricated Steel Structure and Site Work project, and authorize the City Manager to enter into a contract for a total not-to-exceed amount of $1,641,875 which includes the base contract amount of $1,491,875 and a contingency of $150,000 to provide for any necessary change orders;
Department of Public Works
6

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Department of Public Works
Recommendations (cont’d)

3. Amend the Fiscal Year (FY) 2027 Capital Improvement Program Budget by appropriating $900,000 from the unappropriated fund balance in the Public Safety Augmentation Fund 202 to the Mobile Operation Center (71919) project; and

4. Authorize the City Manager to approve within the contract authority, amendments to the subject contract including durational extensions.

Department of Public Works
7

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INFORMATION ONLY
ITEM 4

4. THE AUDITOR’S COMMUNICATION WITH THOSE CHARGED

WITH GOVERNANCE PURSUANT TO STATEMENTS ON
AUDITING STANDARDS NO. 114

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INFORMATION ONLY
ITEM 5

5. UPDATE ON LOS ANGELES COUNTY MEASURE ER FUNDING

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UPDATE ON LOS ANGELES COUNTY

MEASURE ER FUNDING
Finance Committee No. 5
August 24, 2026

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Background
• In June 2026, Los Angeles County voters approved
Mea
sure ER, also known as the Essential Services
Restoration Act
> 0.5% general sales tax to support core healthcare
and s
afety net services across the county
> Expected to generate $1 billion a year for five years > Bulk of funding would support hospitals, clinics, and other
healthcare services impacted by federal cuts
expected to result in $2.4 billion in revenue losses
> 1% of Measure ER funding committed to supporting
Pa
sadena and Long Beach public health
departments
2

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Public Health Department Allocations
• Approximately $10 million annually shared by:
> Pasadena Public Health Department (PPHD)
> Long Beach Dept of Health & Human Services
(LBDH
HS)
• Los Angeles County is seeking an allocation
met
hodology recommendation from the two
public health departments
• PPHD is working with LBDHHS to determine a fair
an
d reasonable approach for both cities
• Staff will return to City Council with a request for
appr
opriations based on the adopted allocation
3

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Future Allocations
• Pasadena and Long Beach:
> Generate approximately 6.2% of County sales tax
rev
enue
> Represent 6% of the County’s population
> Provide essential public health services
• Commitment of 1% in Measure ER funding does
not
align with contributions from both cities
• Letter sent to Board of Supervisors requesting
rev
iew of the Measure ER allocation
m
ethodology going forward
4

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Citizen Oversight Committee
• Nine-m ember advisory Citizen Oversight
Committee
> Review and recommend how the sales tax
rev
enue is spent
> Provide annual reporting on expenditures
• PPHD is exploring opportunities to have at least
on
e of the two public health departments
represented on the committee
5

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INFORMATION ONLY
ITEM 6

6. FY 2026 CAPITAL IMPROVEMENT PROGRAM – FOURT H
Q

UARTER MONITORING REPORT

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DEPARTMENT OF PUBLIC WORKS

MEMORANDUM
T
O: Finance Committee
F
ROM: Gregory de Vinck, P.E., Director of Public Works
DAT
E: August 24, 2026
S
UBJECT: FY 2026 Capital Improvement Program – Fourth Quarter Monitoring Report A
ttached for the Finance Committee’s review is an update of the active Capital Improvement Program (CIP) projects through June 30, 2026. The Fourth Quarter Monitoring Report (QMR) includes 196 projects as summarized on the chart below:

I
f you have questions on any projects, please let me know prior to the August 24, 2026 Finance Committee meeting and I will have the appropriate staff available to respond.

T
hank you.

Completed
7%
Construction
14%
Design
9%
No Activity
5%Ongoing
53%
Planning
13%
NUMBER OF PROJECTS REVIEWED - 196

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Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
LEGEND
Project Completed
Project Delayed - External Factors
Project Delayed - Internal Factors
Project Over Budget

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Municipal Buildings and Facilities
7,675,0008,425,000Fire Stations Renovations and
Improvements
719111 Further design on hold for future Fire
Stations.

Design of Fire Station 32 improvements will
be completed in FY 2026.
97% 6/30/2026 Ongoing7,459,149
204,860,000204,860,000Central Library Seismic Retrofit
and Renovations
719222 Phase II construction began with the
demolition, abatement, structural seismic
improvements, and utility work in the fourth
quarter. Materials, Testing and Inspection
began and will continue in the fourth quarter.

Construction will begin in FY 2026.
20% 9/30/2028 Construction40,591,498
3,681,84010,769,912Building Maintenance FY 2026 -
2030
719313 Planning for Building Automation upgrades
has been completed in the fourth quarter.

Installation for Building Automation upgrades
is anticipated in the first quarter of FY 2027 at
City Hall's Council Chambers and in the third
quarter of FY 2027 at Villa Parke Community
Center, Fire Station 32, 34, and 37.

Building Automation upgrades will be
completed at various locations in FY 2026.

Buildings to be upgraded have yet to be
determined but will average five buildings a
year over the next five years. Work will also
be completed at Villa-Parke Community
Center, Hale Building and Police Department.
15% 6/30/2030 Ongoing565,689
3,400,0003,400,000Mobile Operations Center719194 Construction contract scheduled for City Council to be awarded on July 13, 2026.

Construction will begin in FY 2026.
73% 6/30/2027 Ongoing2,486,630
4,207,9335,100,000Hale Building Interior Remodel -
Phase II
711705 Construction of the Permit Center has been
completed in the fourth quarter.

Miscellaneous repairs to be completed in the
first quarter of FY 2027.

Phase II construction will be completed in FY
2026.
82% 6/30/2026 Construction3,437,401
500,0004,860,882Hill Ave Library Roof Replacement
and Seismic Strengthening
719327 Construction contract scheduled for City
Council to be awarded on July 13, 2026.

This project will continue in FY 2026.
0% 6/30/2027 Ongoing0
703,7855,150,000Improvements at City Yards
Facility
719288 Project was completed in the second quarter.Phase I and Phase II construction will be completed in FY 2026.
91% 6/30/2026 Completed643,570
100,000100,000City Hall Courtyard Fountain
Repairs & Restoration
719299 Awarded contractor contract for the
restoration in the fourth quarter. Testing is
anticipated to begin July 7, 2026.

This project will continue in FY 2026.
87% 6/30/2026 Ongoing86,784
300,000225,000Public Health Building Restrooms
- ADA Improvements
7192510 Construction anticipated to begin and be
completed in the first quarter of FY 2027.

This project will be completed in FY 2026.
32% 6/30/2026 Ongoing94,761
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 2

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550,000550,000Underground Storage Tank
Relining
7193011 Planning continued in the fourth quarter. The
following fuel tanks at the following locations
passed their tank tightness and fit test: City
Yard, Civil Defense, EOC Diesel Generator at
City Yard Heliport, Police Department, and
Fire Station 33.

Planning and design of relining tanks will
continue in FY 2026.
0% 6/30/2026 Planning0
300,000300,000City Hall Building Systems -
Design Phase
7192312 FY 2027 work plan has been adopted in the
fourth quarter.

Design will continue in FY 2026.
1% 6/30/2026 Ongoing2,470
175,000175,000Update to ADA Transition Plan for
City Facilities
7192413 ADA transition plan report continued in the
fourth quarter. Anticipated completion in the
second quarter of FY 2027.

This project will be completed in FY 2026.
93% 6/30/2026 Ongoing162,155
500,0002,500,000HVAC Replacement at City
Facilities
7193314 Installed HVAC systems at Fire Station 32
and BSFMD Carpentry/Electrical Shop.

HVAC installations anticipated at Fire Station
37 in the fourth quarter, Fire Station 34 in the
first quarter of FY 2027, and Villa Parke
Community Center in the second quarter of
FY 2027 .

Evaluation of HVAC systems to begin in FY
2026 followed by a replacement schedule to
be implemented between FY 2027 and FY
2030 in the order of highest priority.
66% 6/30/2026 Ongoing331,664
1,000,0002,000,000Roof Replacement at City
Facilities
7193415 Roof replacement completed at Santa
Catalina Library, Lamanda Library, and
Hastings Library. Anticipated roof
replacement at Fire Station 34 in the first
quarter of FY 2027.

This project will begin in FY 2026.
68% 6/30/2026 Completed682,121
969,062969,062YWCA Building Preservation7193516 Maintenance and inspections continued in the fourth quarter.

The design of renovations and improvements
outlined in the completed structural
assessment for this project will begin in FY
2026.
0% 6/30/2026 Ongoing2,690
Streets and Streetscapes
11,024,71454,200,000Annual Citywide Street
Resurfacing and ADA
Improvement Program FY 2026
739481 Contract executed in the fourth quarter.

Construction began in the fourth quarter.

Resurfacing will continue in FY 2026.
8% 6/30/2026 Construction918,289
10,208,71010,208,710Annual Citywide Street
Resurfacing and ADA
Improvement Program FY 2025
739442 Project was completed in the second quarter.Resurfacing will be completed in FY 2026. 87% 6/30/2026 Completed8,932,027
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 3

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9,550,0009,550,000Sierra Madre Blvd. Median
Enhancements
739453 Design and environmental permits completed
in the fourth quarter.

Design and jurisdictional permitting will
continue in FY 2026.
9% 6/30/2026 Design892,663
2,198,0505,000,000Curb Ramp ADA Improvements
Program FY 2022 - 2026
739374 Construction began in the fourth quarter.Installation of curb ramps will continue in FY 2026.
88% 6/30/2026 Ongoing1,936,787
1,500,00012,100,000Annual ADA Citywide Sidewalk
Improvement Program FY 2026 -
2030
739495 FY 2026 Annual Sidewalk Repairs have been
completed in the fourth quarter. Repair of
sidewalks will continue in FY 2027.

Repair of sidewalks will continue in FY 2026.
88% 6/30/2025 Construction1,314,964
2,874,0002,874,000Colorado Street Bridge Barrier
Enhancements - Design Phase
733246 Further evaluation of concepts by Pasadena
Heritage continued in the fourth quarter.

Design and environmental documentation will
continue in FY 2026.
51% 6/30/2028 Ongoing1,475,508
706,6781,000,000Miscellaneous Sidewalk Repair
Program FY 2026 - 2030
739507 FY 2026 Miscellaneous Sidewalk Repairs
have been completed in the fourth quarter.

Repair of sidewalks will continue in FY 2027.

Sidewalk repairs will continue in FY 2026.
34% 6/30/2025 Construction239,368
10,575,00010,575,000Holly Street Bridge - Seismic
Retrofit
733238 Design completed in the fourth quarter.

Construction anticipated to begin in FY 2027.

Design will be completed in FY 2026.
16% 6/30/2027 6/1/2028 Design1,644,560
1,861,14910,546,067San Rafael Bridge Seismic
Retrofit
739469 Environmental Study began in the fourth
quarter.

Design will begin in FY 2026.
10% 6/30/2025 Planning186,701
353,372553,372Guardrail Program FY 2023 -
2027
7394110 Construction started in the fourth quarter.This is a continuing program. Projects will be scheduled by City staff as repairs and/or
replacements are identified.
67% 6/30/2027 Construction238,018
200,0003,500,000Misc. Roadway Slope
Improvements
7394711 No reportable activity in the fourth quarter.Geotechnical evaluation and design to address structural needs will continue in FY
2026.
1% 6/30/2026 No Activity This
Quarter
1,639
585,856685,856Bridge Improvement Program FY
2024 - 2028
7394312 Los Angeles County completed additional
scope in the fourth quarter.

Bridge inspections and improvements will
continue in FY 2026.
42% 6/30/2028 Construction243,906
Street Lighting
4,435,0005,494,000High Voltage Series Street Light
Conversion - Phase I
744151 High voltage series conversions and
luminaire retrofits on circuit S104 Linda Vista
Avenue was completed in the fourth quarter.

Construction will continue for the S-104 (Linda
Vista Ave.) circuit in FY 2026.
97% 12/31/2027 Ongoing4,298,797
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 4

Page 184 ends

300,00017,480,000High Voltage Series Street Light
Conversion - Phase II
744172 Conversion circuit at Canyon Close Road (S-
091) was completed in the fourth quarter.

Staff is reviewing the project expenditures
and will take appropriate action to address
imbalance.

Future circuit conversions will begin when
funds are identified.
106% 6/30/2026 Ongoing318,292
155,0006,675,000High Voltage Series Street Light
Conversion - Phase III
744203 No reportable activity in the fourth quarter.Future circuit conversions will begin when funds are identified.
58% 6/30/2026 No Activity This
Quarter
90,633
1,225,2376,775,000Street Lighting Program FY 2024 -
2028
744224 Street light work orders and LED
replacements continued for upgrades at
various citywide locations in the fourth
quarter.

This is a continuing program. Projects will be
scheduled by City staff as requests are
received for enhanced lighting or in-fill
lighting; and as street light components in
need of repair or replacement are identified.
85% 6/30/2026 Ongoing1,045,834
500,0002,860,000LED Street and Safety Lighting
Upgrades FY 2023 - 2027
744215 The replacement and upgrade of induction
safety lights to LED technology for Phase I
has been completed in the fourth quarter.

Phase II of the replacements and upgrades
will continue in FY 2027.

Installation of Phase I and II will continue in
FY 2026.
87% 6/30/2026 6/30/2027 Ongoing434,147
Street Lighting and Electric Undergrounding
12,122,00044,410,000Raymond Avenue - Electrical
System Undergrounding, Maple
Street to North City Limits
32141 Construction continued in the fourth quarter.Civil construction work and underground electrical system construction will continue in
FY 2026.
19% 6/30/2028 Construction2,317,732
4,800,00014,752,000Mountain Street - Electrical
System Undergrounding, Lake
Avenue to Hill Avenue
32132 No reportable activity in the fourth quarter.No workplan in FY 2026. 5% 6/30/2030 Design246,718
634,000381,000Electric System Undergrounding
Outside Established
Undergrounding Districts
32103 Four reimbursement requests were
processed in the fourth quarter.

This is an ongoing project involving
undergrounding projects that are not part of
an established undergrounding district. An
estimated four service reimbursements will be
processed in FY 2025.
37% 6/30/2030 Ongoing231,428
Transportation
Active Transportation/Complete Streets
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 5

Page 185 ends

442,317855,225Pasadena Bicycle Program FY
2026-2030
759191 Installed 14 new bicycle racks in the fourth
quarter. Bike Month 2026 had over 14 bike
related events in the fourth quarter.

Implementation of the Bicycle Transportation
Action Plan will continue in FY 2026, including
installation of additional painted bikeway
amenities such as green paint at conflict
points, safety crossing improvements, and
installation of sharrows along Roseway and
Greenway bike routes. In addition,
prioritization of existing bike network gaps,
and continuation of bicycle education and
event activities will continue in FY 2026.
4% 6/30/2026 6/30/2030 Ongoing19,360
753,2751,199,915Citywide Neighborhood Traffic
Management Program FY 2026-
2030
759233 Construction of the speed tables on Mountain
Street has been completed in the fourth
quarter.

Ongoing work, including speed hump
investigations, the preferential parking
program, and the Neighborhood Traffic
Management Program (NTMP), in various
neighborhoods will continue in FY 2026. A
specific NTMP for the neighborhood of
Mountain St./El Molino Ave. area (between
Los Robles Ave. and Lake Ave.) and Boylston
St./Lake Ave. area is expected to begin in FY
2026.
23% 6/30/2025 Ongoing169,812
2,059,3882,059,388Pedestrian Crossing
Enhancements Program FY 2021-
2028
751124 Construction began for Measure M
Pedestrian Crossing subproject
enhancements in the fourth quarter. HSIP
Cycle 11 subproject is under design in the
fourth quarter.

Design of RRFB's on Marengo Ave. at Wallis
St., Green St. at Chester Ave., Green St.at
Michigan Ave., and Villa St. at Oakland Ave.
will continue in FY 2026.
59% 6/30/2025 Construction1,222,861
168,512660,500Arterials Speed Management
Program FY 2026-2030
759245 Portions of Marengo Ave, Orange Grove
Blvd, San Pasqual St, and Holly St. are
confirmed for installation in the fourth quarter.

Installation for speed feedback signs on El
Molino Ave. between Del Mar Blvd. and
California Blvd.; Los Robles Ave. between
California Blvd. and Fillmore St.; Del Mar Blvd
between Berkeley Ave. and
Grand Oaks Ave. will be completed in FY
2026. Design for additional locations will
begin in FY 2026.
15% 6/30/2030 Ongoing25,946
1,599,9801,599,980Complete Streets Project - N Hill
Ave from North City Limit to Villa
St
750937 Planning continued in the fourth quarter.Improvements at Hill Ave. and Topeka St. were completed in FY 2024. The design for
Hill Ave. and Elizabeth St. will be evaluated in
FY 2026 taking into consideration the results
of work completed at Topeka St.
60% 6/30/2026 Ongoing953,890
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 6

Page 186 ends

2,106,6812,106,681Enhancements to Metro A Line
Allen Station
755148 Construction continued in the fourth quarter.

Anticipated completion in the first quarter of
FY 2027.

Construction will begin in FY 2026.
88% 9/30/2026 9/30/2026 Construction1,848,483
10,643,53210,643,532Lake Ave Traffic and Pedestrian
Safety Enhancements from
Mountain St to Maple St
751059 Design consultant was selected and
approved at City Council on June 8, 2026.

Public outreach and design will continue in FY
2026.
3% 12/31/2027 Planning281,354
200,0002,200,000Pedestrian Transportation Action
Plan - Outreach and Conceptual
Design
7551110 Planning continued in the fourth quarter.Public outreach and concept design will continue in FY 2026.
0% 12/31/2026 6/30/2026 Planning0
12,600,00012,600,000Greenway (Bike Boulevard)
Implementation
7512611 Initial tasks, data collection, initial concepts, and community engagement events began in
the fourth quarter.

Procurement for professional services,
community outreach, and design to begin in
FY 2026.
2% 6/30/2029 Design283,796
75,100,00075,100,000Pasadena Ave and St John Ave
Street Improvements
7512713 Initial data collection has began in the fourth quarter. Community outreach events
anticipated to begin in the second quarter of
FY 2027.

Community outreach, and design will continue
in FY 2026.
0% 6/30/2030 6/30/2030 Design125,836
9,900,0009,900,000Columbia Street Multimodal
Improvements
7512814 Planning continued in the fourth quarter.Community outreach and design will continue in FY 2026.
1% 6/1/2030 Planning54,155
1,279,38918,300,000Citywide Continental Crosswalk
Implementation
7591715 Request for Proposal for design continued in
the fourth quarter.

Crosswalk installations will begin in FY 2026.
1% 6/30/2026 Planning8,283
5,400,0005,400,000Orange Grove Blvd Mobility
Improvement Program
7512918 Planning continued in the fourth quarter.Funding agreement execution with Metro is anticipated in FY 2027.
0% 6/30/2027 Planning0
200,000200,000Two-Way Traffic Conversion -
Mentor Ave from Walnut St to
Colorado Blvd - Feasibility Study
7591819 Additional funding needed to award contract
has been identified and allocated to proceed
with contract in the fourth quarter. The
feasibility study will continue in FY 2027.

The Feasibility study will continue in FY 2026.
0% 6/1/2027 Planning0
Traffic Operations, Traffic Signals, and ITS
0612,144Mobility Corridor Improvements
FY 2026-2030
20 Planning continued in the fourth quarter.This project will continue in FY 2026. 0% 6/30/2026 Planning
697,7101,097,710Transportation System Safety
Enhancements Project - FY 2021
- 2028
7511521 Design for HSIP cycle 11 reflective backplate
subproject began in the fourth quarter.

Design of reflective backplates and near side
traffic signal heads will continue in FY 2026.
9% 6/30/2026 Design61,542
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 7

Page 187 ends

199,183310,000Old Pasadena Traffic
Improvement - FY 2026-2030
7592022 Continued assisting Old Pasadena
Management District with design for bollard
improvements on Mills Alley in the fourth
quarter.

Additional enhancements to signing, striping,
on-street parking, and signal operations will
continue as requested and received.
0% 6/30/2026 Ongoing740
500,802950,802Intelligent Transportation System
(ITS) Equipment
Upgrades/Replacement - FY
2021-2028
7511723 Contract work for ITS device maintenance
continued in the fourth quarter.

This project will continue in FY 2026.
34% 6/30/2026 Ongoing169,430
661,9283,182,428Implementation of Citywide
Transportation Performance
Monitoring Network
7560225 Planning continued in the fourth quarter.Future identified locations and implementation will begin in FY 2026.
81% N/A Planning533,670
1,447,1911,447,191Implement Bus Signal Priority
System on Pasadena Transit
Buses
7509426 Construction continued in the fourth quarter.Construction will begin in FY 2026. 46% 12/31/2026 Construction666,292
4,208,0004,208,000Walnut St Corridor Signal
Improvements
7512127 Construction contract awarded in the fourth
quarter.

Construction will begin in FY 2026
23% 12/31/2026 Construction978,042
3,800,0003,800,000Intelligent Transportation System
Projects & Traffic Flow
Improvements within the SR 710
Affected Corridors
7591428 Construction began in the fourth quarter.Construction will begin in FY 2026. 22% 12/31/2026 Construction853,572
917,210917,210Installation of Pedestrian Hybrid
Beacon at Washington Blvd and
Hudson Ave
7551229 Minor construction closeout items completed
in the fourth quarter.

Construction will be completed in FY 2026.
55% 12/31/2026 Completed507,935
766,000766,000Traffic Signal at Del Mar Blvd and
Michigan Ave
7521130 Project was completed in the second quarter.Construction will be completed in FY 2026. 99% 12/31/2026 Completed756,032
990,000990,000Traffic Signal at Orange Grove
Blvd and Craig Ave
7509731 Project was completed in the second quarter.Construction will be completed in FY 2026. 98% 6/30/2026 Completed969,646
970,000970,000Installation of Traffic Signal and
Curb Extensions at Sierra Bonita
Ave and Orange Grove
7513432 Design continued in the fourth quarter.Design will continue in FY 2026. 6% 6/30/2029 Design60,450
4,270,8005,711,908A Line Phase I - Project
Enhancements
7550633 Planning continued in the fourth quarter.This project will continue in FY 2026.1% 6/30/2026 Planning45,874 Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 8

Page 188 ends

2,500,0002,500,000Pasadena Light Rail Train (LRT)
Tracking and Network Monitoring
System - Phase II
7552434 Planning continued in the fourth quarter.Design will begin in FY 2026.5% 6/30/2027 Planning119,185 40,000280,000Signal Preemption Equipment at
Traffic Signals Citywide - Phase II
7591639 Planning continued in the fourth quarter.This project will be completed when funds are identified.
0% 6/30/2025 Planning0
851,350851,350Installation of Automated License
Plate Readers - Pilot Program
7511940 Planning continued with Pasadena Police
Department in the fourth quarter.

Phase III installations will commence when
scope is identified
60% 6/30/2025 Ongoing513,251
974,6461,500,000Traffic Signal at Del Mar Blvd and
Kinneloa Ave
7592254 Design continued in the fourth quarter.This project will begin when funds are identified.
7% 10/31/2027 Design69,350
Transit
51,292,34751,292,346Purchase of Replacement Transit
Vehicles and Expansion Fixed-
Route Transit Vehicles
7508544 Work on the production of the 17 buss
continued in the fourth quarter.

Nine expansion zero-emission vehicles, and
eight replacement zero-emission vehicles
were ordered in FY 2025 with delivery in FY
2027 to implement the Adopted Zero-
Emission Bus Rollout Plan.
27% 6/30/2027 Construction13,661,558
2,096,0457,884,316Purchase of Dial-A-Ride Vehicles7508645 City Council authorized the purchase of 7 battery electric buses which are in the
process of being purchased and
manufactured in the fourth quarter.

Seven replacement zero-emission vehicles
will be ordered to replace aging fleet and
implement the adopted Zero-Emission Bus
Rollout Plan in FY 2026.
65% 2/27/2026 12/30/2027 Construction1,366,079
72,620,000100,000,000Construction of Transit Operations Maintenance Facility
7570746 Design continued in the fourth quarter.

Contract award scheduled for City Council in
September 2026.

Design will continue in FY 2026.
15% 6/30/2026 Design10,981,395
769,8734,332,093Bus Stop Improvement Program7590047 Replaced the plexiglass on all advertising cases at bus stops to improve visibility and
protect the informational materials being
displayed in the fourth quarter.

This project will continue in FY 2026.60% 6/30/2025 Ongoing464,807 17,504,72417,504,724Hydrogen Fueling Station7513348 Request for Proposal for design was advertised in the fourth quarter.

Design will continue in FY 2026.4% 6/30/2027 Ongoing761,227 Parking
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 9

Page 189 ends

5,000,00012,100,000Off-Street Parking Facility
Maintenance and Repair Project
721601 Elevator modernization has been completed
in the fourth quarter. Bid documents
continued to be finalized for the concrete
work in the Paseo, Marengo, and DeLacey
garages and are anticipated to be completed
in FY 2027. Request for Proposal for design
of the carbon monoxide detection systems in
the Paseo, Del Mar Station, DeLacey,
Schoolhouse and Marriott garages will be
drafted and is anticipated to be completed in
FY 2027.

Elevator modernization anticipated be
completed in FY 2026. Paseo subterranean
garage concrete deck and beam repairs
categorized as "immediate needs" began in
FY 2024 and will be completed in FY 2026.

Select DeLacey columns and concrete
patching repairs will be completed in FY 2026.

Carbon Monoxide detection systems in the
Paseo Colorado, Del Mar Station, Delacey,
Schoolhouse and Marriott garages will be
completed in FY 2026.
41% 6/30/2027 Construction2,057,329
Sewers and Storm Drains
10,207,24027,667,240Annual Sewer System
Improvements and Capacity
Upgrades - FY 2022-2026
769181 Construction of the repair, rehabilitation, and
inspections of the sewer system continued in
the fourth quarter and will continue in FY
2027.

Repair and rehabilitation of the sewer system
will continue in FY 2026 as identified by
annual inspection and evaluation.
62% 6/30/2026 12/31/2026 Construction6,366,894
2,000,0005,000,000Annual Storm Drain System
Repair & Improvements - FY 2025
- 2029
769202 Construction contract awarded in the fourth
quarter.

Prioritized repair and replacement of the
storm drain system identified in the FY 2022
Storm Drain Master Plan will continue in FY
2026.
45% 6/30/2026 8/31/2026 Construction905,708
14,199,79914,199,799San Rafael Treatment Wetlands
and Storm Water Capture
762913 Project continued through environmental
permitting in the fourth quarter and will
continue in FY 2027.

Environmental study to continue in FY 2026.
13% 6/30/2025 Design1,791,280
2,198,6122,198,612Brookside Park Stormwater
Capture Project - Design Phase
762944 Design continued in the fourth quarter.Design will continue in FY 2026.65% 6/30/2029 Design1,433,137 2,292,7622,292,762Eaton Wash Stormwater Capture
Project - Design Phase
762955 Design continued in the fourth quarter.Design will continue in FY 2026. 86% 12/30/2026 Design1,971,405
5,250,0005,250,000Modernization of Busch Garden
and Rosemont Sewer Pump
Stations
769176 Construction contract awarded in the fourth
quarter.

Construction will begin in FY 2026.9% 6/30/2027 6/30/2028 Ongoing484,148 2,750,0009,000,000East Side Storm Drain
Improvements
765407 Design contract for Phase II was awarded in
the fourth quarter.

The construction of structural rehabilitation
between Elmira Street at Wright Avenue to
North Mentor Avenue at Emerson Street will
be completed in FY 2026.
30% 9/30/2025 6/30/2028 Design837,211
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 10

Page 190 ends

12,649,27112,649,271Washington Park Stormwater
Capture Project
769218 Design and planning contract was awarded
in the fourth quarter. Anticipated work to
begin in FY 2027.

Community outreach, environmental studies
and design will begin in FY 2026.
0% 6/30/2026 Design52,745
441,18116,400,000Jefferson Park Stormwater
Capture Project
769229 The feasibility study, outreach and
engagement support services continued in
the fourth quarter.

A Feasibility Study will begin in FY 2026.
51% 6/30/2025 Planning224,002
Rose Bowl Improvements
422,0002,422,000Brookside Golf Course and
Clubhouse Capital Improvement
Projects FY 2025 - 2029
1 No reportable activity in the fourth quarter.In FY 2026 the following upgrades and improvements will continue - clubhouse
improvements; food and beverage
improvements; turf replacement and other
water reduction related projects; and studies,
assessments, and capital management of
future golf course improvement projects.
0% 6/30/2026 Ongoing
8,000,00034,500,000Rose Bowl Stadium Capital
Improvement Projects FY 2025 -
2029
2 Planning, upgrade implementation,
maintenance repairs, and security expansion
improvements continued in the fourth quarter.

In FY 2026 the following improvements will
take place: improvements to the stadiums
digital displays and related components;
design and construction of improved plumbing
infrastructure; improvement to the stadiums
lighting control system; improvements to
stadium technology systems; improvements
to passenger elevator; modernization of the
ticket operations facility; implementation of a
stadium statue; project aimed at improving the
south endzone area; and project
management, planning, design, and
development of future stadium improvements.
0% 6/30/2026 Ongoing
2,347,4602,347,460Brookside Golf Course Installation
of Cantilevered Netting
775213 Project has been completed in the fourth
quarter.

Constructions will begin in FY 2026.
81% 6/30/2025 Completed1,910,141
Parks and Landscaping - Park Projects
185,000348,000Washington Park Security
Improvements
789601 Walkway security lighting upgrades to LED
have been completed in the fourth quarter.

Design of security cameras will be completed
in FY 2026. Upgrades to security lighting will
continue in FY 2026.
70% 6/30/2026 Ongoing129,836
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 11

Page 191 ends

1,494,0001,800,000Citywide Parks Playground Shade
Structure Installations - Phase I
780842 Procurement for materials and fabrication
continued in the fourth quarter. Construction
anticipated to begin in the first quarter of FY
2027.

Construction of shade structures at McDonald
Park and Victory Park will begin in FY 2026.
21% 6/30/2027 Ongoing319,399
1,385,9211,385,921Brenner Park Playground
Improvements
782003 Construction began in the fourth quarter.

Anticipated completion for construction in the
first quarter of FY 2027.

Construction will begin in FY 2026.
15% 6/30/2027 Construction214,548
1,225,0001,225,000Hamilton Park Field
Improvements
780714 Construction anticipated to begin in the
second quarter of FY 2027.

Design will continue in FY 2026.
13% 6/30/2027 Ongoing164,982
660,0002,660,000Jackie Robinson Community
Center Improvements
789615 Construction contract awarded in the fourth
quarter. Construction is anticipated to begin
and be completed in the first quarter of FY
2027.

Construction of Phase I will be completed in
FY 2026.
48% 6/30/2026 Ongoing319,594
1,154,0415,200,000Vina Vieja Pickleball Courts780866 No reportable activity in the fourth quarter.Additional phases will begin when funding is identified.
91% 6/30/2025 No Activity This
Quarter
1,053,202
800,5024,100,000Central Park - Clubhouse Retrofit
and Lawn Bowling Improvements
780918 Negotiation with insurance companies
continued in the fourth quarter.

Construction will begin when funds are
identified.
26% 6/30/2025 Planning210,842
50,000100,000Villa Parke Pool and Pool Area
Upgrades - Concept Study
780939 Planning continued in the fourth quarter.Project will begin in FY 2026. 0% 6/30/2027 Planning0
Arroyo Projects
150,000150,000Brookside Park - Outdoor
Basketball and Pickleball Courts -
Planning and Design Phase
775181 Planning continued in the fourth quarter.

Stakeholder group meetings anticipated in
the first quarter of FY 2027.

Stakeholder outreach and planning will
continue in FY 2026.
0% 6/30/2027 Planning192
1,375,0002,500,000One Arroyo Project – Upper
Arroyo Trail Loop and Lower
Arroyo Trail Loop – Construction
Phase II
773822 Environmental documentation continued in
the fourth quarter. Completion is anticipated
in the first quarter of FY 2027.

Phase II will begin when funds are identified.
90% 6/30/2026 Planning1,231,207
50,00050,000Hahamongna Watershed Park -
New Restrooms - Planning Phase
775203 Planning continued in the fourth quarter.

Design phase anticipated to begin in the first
quarter of FY 2027.

Planning efforts will continue in FY 2026.
93% 6/30/2027 Planning46,490
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 12

Page 192 ends

1,702,9001,702,900Hahamongna - Implement Master
Plan - Oak Grove Area
Improvements
775064 Habitat maintenance, monitoring, and
reporting services has been completed in the
fourth quarter.

The five-year environmental and habitat
monitoring effort was started in FY 2022 and
will continue through FY 2026.
85% 6/30/2026 Completed1,445,159
1,018,8031,018,803Lower Arroyo Seco - Habitat
Restoration
774105 Habitat maintenance, monitoring, and
reporting services has been completed in the
fourth quarter.

The five-year environmental and habitat
monitoring effort was started in FY 2022 and
will continue through FY 2026.
96% 6/30/2026 Completed981,820
2,598,4722,598,472Implement Master Plan -
Hahamongna Watershed Park -
Berkshire Creek Area
Improvements
775096 Habitat maintenance, monitoring, and
reporting services has been completed in the
fourth quarter.

The five-year environmental and habitat
sustainability plan was started in FY 2022 and
will continue through FY 2026.
98% 6/30/2026 Completed2,551,442
Pasadena Center Improvements
8,900,00018,800,000Restoration, Upgrades, and
Repairs of the Civic Auditorium,
Convention Center and Ice Rink
1 The Ice-Skating Center construction was
completed in the third quarter. The Ballroom
Lighting construction is anticipated to be
completed in the first quarter of FY 2027.

The following work will continue in FY 2026:
restoration, waterproofing, and painting of the
exterior façade; and replacement of exterior
stairs. Additional work for the lower-level
interior spaces and Civic Auditorium Plaza will
be scheduled. General and emergency
repairs will be completed throughout the
facilities as needed, including retrofitting the
ballroom with LED lighting system. Parking
garage waterproofing, replacement of gutters,
and repair of expansion joints.
0% 6/30/2026 Construction
Water System
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 13

Page 193 ends

36,650,00068,650,000Distribution Mains10801 A total of 1,780 square feet of asphalt, 1,965 square feet of concrete roadway, 33 square
feet of sidewalk, 24 feet of curb and gutter,
and 13 gate valve can bases were repaired
in the fourth quarter. Water main and service
installation on Oak Knoll Avenue was
completed in the fourth quarter. Design for
future main construction continued in the
fourth quarter.

Several methods for determining new water
main replacements include the priorities
established in the Water System and
Resources Plan, leak history, water main
condition assessments, support of economic
development, and the determination of
deficient fire flows. Water main projects
planned for FY 2026 include the completion of
Fair Oaks Avenue (Washington Blvd. to
Montana Street), Oak Knoll Avenue (Colorado
Blvd. to California Blvd.), Grand Avenue
(Green Street to California Blvd.), and Holly
Street (Fair Oaks Avenue to Marengo
Avenue).
99% 6/30/2030 Ongoing36,173,621
14,119,00083,445,000Sunset Reservoir Improvements10752 Design phase continued in the fourth quarter.

EPA terms and agreements continued in the
fourth quarter.

In FY 2026, the upgrades to the City yards will
be completed and construction of the Sunset
Complex Project will begin.
34% 6/30/2028 Design4,844,144
5,855,00014,855,000Eaton Windstorm and Fire
Recovery - Water
10983 Allen Reservoir construction was completed
in the fourth quarter.

In FY 2026, design and construction will be
conducted for affected infrastructure.
25% 6/30/2028 Construction1,450,081
14,398,44131,951,441Arroyo Seco Canyon Project10404 The second post‑construction monitoring report for Area 1 was submitted, Area 2’s
design is under review, and Area 3 bid
specifications were prepared in the fourth
quarter. In addition, meetings were held with
FEMA, Cal OES, and U.S. Fish and Wildlife
on the Area 2 grant in the fourth quarter.

In FY 2026, design plans will be completed
and construction will begin for Project Areas 1
through 3, which includes the headworks
area, the intake structure, and the spreading
basin expansion. In addition, partnering
efforts on the Devil's Gate Reservoir Pump
Back project will continue and the design will
begin.
53% 6/30/2030 Ongoing7,616,263
9,310,00026,810,000Advanced Metering Infrastructure
(AMI)
10785 The water meter survey was completed in
the fourth quarter. In addition, the Request
for Proposal for the system selection and
implementation began in the fourth quarter.

Procurement will continue for program
management, AMI network, systems
integration, and smart meters in FY 2026.
6% 6/30/2028 Ongoing587,590
12,530,00017,230,000Meters and Services10816 Approximately 260 small water meters, 4 large water meters, and 15 service lines were
replaced in the fourth quarter.

Small and large meter installations are
planned in FY 2026. Vaults will be replaced,
while domestic service renewals, fire service
renewals, and abandonments are also
anticipated.
97% 6/30/2030 Ongoing12,096,472
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 14

Page 194 ends

3,965,0004,699,800Enterprise Asset Management
("EAM") System
10897 Solution Design Workshops and Integration
Workshops continued in the fourth quarter. In
addition, initial configuration of the
application began in the fourth quarter.

Software licenses required for EAM system
installation and integrations will be purchased
in FY 2026. The project management
consultant will create a series of To-Be
Process Maps to discuss, agree, and
document the future desired business
practices for the new EAM solution
implementation. The EAM Solution
Implementor (SI) will develop a detailed EAM
Implementation Plan with Project Schedule,
Communications Plan, Education/Training
Plan, Issues Log and Change Management
Plan. The SI will also facilitate business
discovery sessions, document the design of
the new solution in a Business Process
Review document, perform data mapping and
import the City’s asset/inventory data into the
new solution, and configure the new solution
to the City’s needs.
23% 6/30/2027 Ongoing907,444
10,760,00010,760,000Monk Hill Groundwater Treatment
Improvements
10768 Construction contract was awarded on June
22, 2026 at City Council. Advertisement for
construction improvements were advertised
for bids in the fourth quarter.

Above-grade improvements and switchboard
procurement for Explorer Well will be
completed in FY 2026.
45% 6/30/2026 Construction4,882,925
8,720,00021,885,000Booster Improvements10739 Design continued for Eagle Rock Booster Station and Santa Anita Booster Stations in
the fourth quarter.

Design of upgrades to Eagle Rock, Santa
Anita, and Atlanta Booster Stations will be
completed in FY 2026. The construction of
Atlanta Booster Station upgrades will begin
and booster pumps will be replaced as
required.
85% 6/30/2026 Design7,436,785
1,230,0007,750,000Reservoir Improvements109310 Request for proposals for design started in the fourth quarter.

Reservoir improvements will be performed as
needed.
93% 6/30/2030 Planning1,139,737
2,425,0004,225,000Emergency Generators - Water107911 No reportable activity in the fourth quarter.Preliminary design and procurement of stationary generators at wells and booster
stations will begin in FY 2026.
65% 6/30/2030 No Activity This
Quarter
1,571,459
10,319,00010,809,000Well Improvements107412 Re-evaluated and collected data at a number of inactive wells in the fourth quarter.

Construction of above-grade improvements
for Garfield Replacement Well and the Monte
Vista Well abandonment will be completed in
FY 2026. In addition, other well equipment
replacements will occur as required.
94% 6/30/2030 Ongoing9,727,286
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 15

Page 195 ends

1,230,00010,370,000New Water Well108813 No reportable activity in the fourth quarter.Grading of the property will be completed (shared cost with PWP's Power division).
91% 6/30/2030 No Activity This
Quarter
1,124,974
8,412,67440,212,674Water Reuse Project101314 Prepared the final financial and progress reports as instructed by the U.S. Bureau of
Reclamation to submit upon declining the
extension request for the federal funding
agreement before de‑obligation of funds in
the fourth quarter.

A collaboration with partners to develop an
advanced water treatment project will
continue and a feasibility study will be
prepared.
94% 6/30/2030 Ongoing7,881,949
585,000725,000Water SCADA Improvements108715 SCADA communication upgrades continued in the fourth quarter.

Enhanced SCADA communication through
radio, cellular, and fiber systems will be
implemented in FY 2026. A radio survey will
be done. In addition, SCADA software and
server upgrades will be completed.
91% 6/30/2030 Ongoing529,455
3,175,0005,342,200Customer Information System
Managed Services - Water
109616 Enhancements of the Customer Information
System continued in the fourth quarter.

Additional CIS system enhancements and
upgrades will continue to add benefits to PWP
customers and staff in FY 2026.
70% 6/30/2030 Ongoing2,238,090
465,000615,000Radio Equipment Replacement -
Water
108617 A procurement contract for radio equipment
was awarded in the fourth quarter.

In FY 2026, a radio replacement plan will be
developed, and the radio replacements will
begin implementation.
0% 6/30/2030 Ongoing0
210,00018,305,000Water & Power Headquarters109718 No reportable activity in the fourth quarter.A needs assessment will be conducted in FY 2025. PWP will begin identifying potential
sites for the future headquarters.
0% 6/30/2030 No Activity This
Quarter
0 1,356,0001,618,500Management Information Systems108319 Relevant subscriptions remained current and renewed as required in the fourth quarter.

The following work will be completed /
continue in FY 2026: Implementation of
vulnerability assessment recommendations,
expansion of security systems, installation of
Cloud system management and network
equipment, and procurement of
miscellaneous hardware and software.
41% 6/30/2030 Ongoing556,913
11,053,00019,053,000Customer Driven - Mains, Meters,
and Services
108220 A total of 18 water service applications and
209 fire flow test requests were received
from customers and developers in the fourth
quarter. In addition, 15 installations were
completed, 18 domestic/irrigation services, 5
fire services, 2 hydrants, 17 meter changes,
and 13 abandonments in the fourth quarter.

Customer driven installations of new water
meters, services and mains, fire hydrant, gate
valves, and services, including final paving of
the trenches will be completed in FY 2026.
91% 6/30/2030 Ongoing10,049,364
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 16

Page 196 ends

1,025,0001,270,000Geographic Information System
(GIS) Enhancements
108421 Migration to the utility network continued in
the fourth quarter. There was an expected
delay due to data compatibility issues.

Resolution efforts continued in the fourth
quarter with an anticipated completion in FY
2027.

Desktop workstation for ArcGIS Pro and GIS
Software will be installed in FY 2025. In
addition, utility network integration and
training are planned.
86% 6/30/2030 Ongoing881,269
361,491431,491Field Services and Meter Reading
Automation
101222 Purchased new meter reading hardware in
the fourth quarter.

Field Services purchase of new meter reading
hardware coupled with professional services
for the upgrade to cloud capability will be
implemented in FY 2026.
53% 6/30/2030 Ongoing192,539
10,353,00010,413,000Treatment Systems109123 The project was completed in the third quarter.

The Wadsworth Groundwater Treatment Plant
may require refinement for operational and
optimization needs including addressing
existing supporting electrical, mechanical and
civil infrastructure.
99% 6/30/2030 Completed10,269,221
335,000335,000Water Operations / Training and
Storage / Work Shop
109024 No reportable activity in the fourth quarter.Grading, paving, fencing, and the installation of construction debris storage bays with
canopy will be completed in FY 2025.
33% 6/30/2030 No Activity This
Quarter
110,984
3,503,0463,503,046Water and Power Facilities
Modernization
105626 The resurfacing and locker room remodel
projects were completed in the fourth quarter.

In FY 2026, the City yards parking lot will be
repaved.
85% 6/30/2030 Completed2,960,892
445,000925,000Facilities Site Improvement
Initiative
109227 Landscape design of Woodbury Well was
completed in the fourth quarter.

The project will address water loss by building
infrastructure to capture water loss onsite and
return it to the groundwater table. Leak
detection devices on water service lines will
be expanded and landscape retrofits will be
implemented at water facilities.
45% 6/30/2030 Ongoing198,446
Electric System
17,868,57133,868,5714kV to 17kV Distribution System
Conversion Program
32272 Construction of the overhead and
underground portions of the F8 Conversion
on Adena Street was completed in the fourth
quarter.

The 4kV to 17kV conversions of the F2, F5,
and F8 circuits will begin in FY 2026.

Additional conversion projects may occur
based on operational needs or to prepare for
major developments.
70% 6/30/2030 Ongoing12,452,326
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 17

Page 197 ends

9,184,23212,184,232Conductor Replacement Program32263 No reportable activity in the fourth quarter.

Construction for the Washington Circuit
Cable Upgrade anticipated to begin in FY
2027. Staff is reviewing the project
expenditures and will take appropriate action
to address project imbalance.

The cable replacement on the
Washington Circuit will be completed in FY
2026. In addition, other projects may be
completed as needed to mitigate the risk of
failure.
101% 6/30/2030 Ongoing9,283,288
2,545,0002,545,000Subtransmission Cable Upgrade
(34-8)
32864 Construction of the 34-8 Subtransmission
line upgrade was completed in the fourth
quarter.

In FY 2026, the 34-8 subtransmission line
upgrade between Glenarm Receiving Station
and Oak Knoll Substation will be completed.
76% 6/30/2026 Completed1,934,402
17,506,35638,487,056Advanced Metering Infrastructure
(AMI)
31425 Request for Proposal for system selection
and implementation started in the fourth
quarter.

Procurement will continue for program
management, AMI network, systems
integration, and smart meters in FY 2026.
6% 6/30/2028 Ongoing993,166
28,160,00028,260,000Glenarm Energy Storage Systems32066 Construction contract was awarded in the fourth quarter. The Notice to Proceed (NTP)
is anticipated for issuance in the first quarter
of FY 2027.

Work includes permitting, planning, site
preparation, design and equipment, and
construction/installation of a 25 MW / 4 hour
energy storage system in FY 2026.
6% 6/30/2027 Design1,579,201
5,036,50086,626,500Broadway Energy Storage
Systems
32757 Feasibility study for a 100 MW Battery
Energy Storage System (BESS) with the
potential for Long Duration Energy Storage
(LDES) began at the Broadway site in the
fourth quarter. California Environmental
Quality Act (CEQA) work continued in the
fourth quarter.

Planning, site preparation, and permitting will
continue in FY 2026.
10% 6/30/2030 Design498,116
11,070,00023,070,000Electrical Vault Replacement and
Reinforcement Program
32299 About five units were completed in the fourth
quarter. In FY 2026, approximately 90 vaults
and pullboxes were reinforced, replaced, or
had their frames and covers replaced,
including 16 full vault restorations.

A total of 50 vaults and/or pull boxes will be
reinforced, replaced, or have their
frame/cover replaced in FY 2026.
98% 6/30/2030 Ongoing10,815,233
1,999,0004,249,000Substation Switch Replacement
Program
328410 Glenarm switch replacements project began
in the fourth quarter.

Six substation switches are expected to be
replaced in FY 2026.
10% 6/30/2029 Ongoing199,251
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 18

Page 198 ends

9,885,35116,365,351GT-3 and GT-4 Capital Equipment
Refurbishments
318611 Balance of Plant (BOP) Control System
upgrade contract was approved in the fourth
quarter. Anticipated construction to begin in
the first quarter of FY 2027.

Planned work includes upgrades to the GT-3
and GT-4 Turbines & Blowout Preventers
(BOP) Control System, upgrades to the hot
section of GT-3 (e.g. combustor upgrade),
GT-3 and GT-4 Automatic Voltage Regulator
and miscellaneous improvements, re-coating
of GT-4 Cooling Tower Basin, and if needed ,
installation of GT-3 and GT-4 Ammonia
Continuous Emission Monitoring System
(CEMS) in FY 2026.
59% 6/30/2030 Ongoing5,822,233
37,760,50338,160,503GT-1 and GT-2 Capital Equipment
Refurbishments
318212 No reportable activity in the fourth quarter.Planned work includes Generator Step Up (GSU) Transformer Containment;
replacement of the SCR Catalyst on GT-1;
painting of both GT-1 and GT-2, and if
needed, installation of GT-1 Ammonia
Continuous Emissions Monitoring Systems
(CEMS) in FY 2026.
88% 6/30/2030 Ongoing33,338,820
9,537,50016,337,500Distribution Switch Replacement
Program
323113 Fourteen switches were installed and 31
replacements were completed systemwide
with additional cable replacements to support
upcoming switch installations in the fourth
quarter.

A total of 17 distribution switches will be
replaced based on oil test results and a field
evaluation in FY 2026.
99% 6/30/2030 Ongoing9,447,723
7,686,00013,862,878Substation Modernization
Program
323514 Chester Unit 1 upgrades were completed in
the fourth quarter. New battery chargers were
installed at Oak Knoll and Villa substations in
the fourth quarter.

Transformer upgrades for Chester Unit 1,
Eastern Unit 1, Hastings Unit 1, and Oak
Knoll Unit 4 substations will be completed in
FY 2026. In addition, the designs for the
Eastern Unit 1 Load Tap Changer (LTC)
replacement and station electric service will
be completed, as well as minor capital
upgrades at multiple substations.
97% 6/30/2030 Ongoing7,466,321
5,725,8006,125,800GT-5 Capital Equipment
Refurbishments
328015 The nitrogen oxide (NOx) injection pump and
circuit board were received in the fourth
quarter. Installation and testing anticipated in
the first quarter of FY 2027.

Work planned for FY 2026 includes upgrade
of GT-5 nitrogen oxide pump, blade
replacement, and miscellaneous
improvements.
79% 6/30/2030 Ongoing4,505,010
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 19

Page 199 ends

4,604,75816,814,419Receiving Station 35kV Upgrades326216 The Potential Transformer (PT) fuse upgrades for LA South, 34-33, and GT-1
circuit breakers were completed in the fourth
quarter. The development of 35 kV
equipment specifications continued under a
new General Engineering Service task order
in the fourth quarter.

The upgrade of five 35 kV Circuit Breaker
Potential Transformers and Fuses will be
completed in FY 2026. The contracts for the
35 kV Circuit Breaker, 35 kV Disconnect, and
35 kV Ground Switch will be awarded and
procurement initiated. In addition,
specifications for the capacitor bank upgrade
will be initiated and minor upgrades to the
receiving station will be completed.
92% 6/30/2030 Ongoing4,224,481
6,860,00010,860,000Distribution Transformer
Replacement Program
323717 Approximately three transformers were
upgraded in the fourth quarter.

A total of ten transformers will be replaced
based on field inspection, evaluation criteria,
or a modeling indication of overloading in FY
2026. In addition, ten transformers will be
upgraded in relation to maintaining or
improving service quality.
96% 6/30/2030 Ongoing6,564,212
15,172,00025,172,000Electric Vehicle Charging
Infrastructure
322518 Procurement continued for City Yards,
Playhouse Park, Marengo Garage, Avon
Parking Ramp, and Arroyo EV Charging
Depot in the fourth quarter. FY 2026
accomplishments include completing City
Yards design and permitting, finalizing the
invitation for bids for award in FY 2027, and
replacing twelve aging fast chargers.

Installation of additional electric vehicle
charging stations will be complete at the City
Yards and Arroyo EV Charging Depot and
initiated at Marengo Garage in FY 2026. In
addition, EV chargers will be upgraded across
the city, and the design and EV charger
procurement will continue for the Avon Ramp
EV project.
56% 6/30/2030 Ongoing8,534,367
8,115,00012,101,000Customer Information System
Managed Services - Power
327119 Enhancements of the Customer Information
System continued in the fourth quarter.

Additional CIS system enhancements and
upgrades will continue to add benefits to PWP
customers and staff in FY 2026.
50% 6/30/2030 Ongoing4,076,528
25,456,75037,856,750Installation of Low Voltage
Electrical Services
322120 Approximately 627 installation requests,
including 145 right‑of‑way requests of 400
amps or below, were completed in the fourth
quarter. Staff is reviewing the project
expenditures and will take appropriate action
to address project imbalance.

Modifications, upgrades, telecom, unmetered
service, or new low voltage electric service
will be installed as requested in FY 2026.

Installation of service conductors to provide
electrical service will be installed as needed.
103% 6/30/2030 Ongoing26,194,956
4,126,0006,526,000Fire Threat Mitigation Tier 2 Areas325821 Design for Phase 1 of the Lida St. high voltage undergrounding project continued in
the fourth quarter.

Poles and transformers will be replaced within
the Tier 2 area in FY 2026. In addition,
research of the possibility of converting the
high voltage street light circuit on Lida St. to
low voltage will take place in conjunction with
Public Works Street Lighting and Traffic
Systems.
94% 6/30/2030 Planning3,875,286
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 20

Page 200 ends

22,575,00022,119,000Installation of High Voltage
Electrical Services
322022 Approximately 18 electric service installation
requests, including two private‑property
requests exceeding 400 amps, were
completed in the fourth quarter. Staff is
reviewing the project expenditures and will
take appropriate action to address project
imbalance.

Modifications, upgrades or new high voltage
electric services will be completed as
requested in FY 2026. Installation of cables,
conduits, switches, transformers, and meters
will be installed as necessary.
101% 6/30/2030 Ongoing22,739,703
4,730,0007,730,000Fire Threat Mitigation Tier 3 Areas325723 Substructure installation for high voltage undergrounding on Florecita Dr. and
Crestford Dr. began in the fourth quarter.

Staff is reviewing the project expenditures
and will take appropriate action to address
project imbalance.

Complete conversion of high voltage
distribution lines to underground on Canyon
Close Rd., Fox Ridge Dr., Florecita Dr. and
Crestford Dr. will be completed in FY 2026.
105% 6/30/2029 Construction4,958,817
303,0001,503,000Customer Solar/Storage System
Interconnections and Related
Distribution System Upgrades
328724 Approximately 75 solar interconnections to
electric system were completed in the fourth
quarter. Staff is reviewing the project
expenditures and will take appropriate action
to address project imbalance.

Work planned in FY 2026 includes the review
and process of customer applications for
installation of solar/storage systems and
interconnect with customer solar/storage
systems by replacing customers’ existing
electrical meters with bi-directional meters
upon inspection and approval of the installed
systems. Additionally, upgrade distribution
system infrastructure as necessary to ensure
safe operation of installed systems and
compliance with power quality standards.
133% 6/30/2030 Ongoing404,405
164,00036,326,000Emerging New Technology
Development and Testing
328825 Request for Proposal for the Rooftop Wind
Microturbine to pursue technologies and
pilot projects to expand carbon‑free resource
diversity continued in the fourth quarter .

In FY 2026, potential work for the installation
and testing of a distributed energy resource
rooftop wind microturbine pilot project will
begin.
5% 6/30/2030 Ongoing8,746
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 21

Page 201 ends

7,588,2788,792,878Enterprise Asset Management
("EAM") System
314026 Solution Design Workshops and Integration
Workshops continued in the fourth quarter. In
addition, initial configuration of the
application began in the fourth quarter.

Software licenses required for EAM system
installation and integrations will be purchased
in FY 2026. The project management
consultant will create a series of To-Be
Process Maps to discuss, agree, and
document the future desired business
practices for the new EAM solution
implementation. The EAM Solution
Implementor (SI) will develop a detailed EAM
Implementation Plan with Project Schedule,
Communications Plan, Education/Training
Plan, Issues Log and Change Management
Plan. The SI will also facilitate business
discovery sessions, document the design of
the new solution in a Business Process
Review document, perform data mapping and
import the City’s asset/inventory data into the
new solution, and configure the new solution
to the City’s needs.
41% 6/30/2027 Ongoing3,083,487
2,048,00071,030,233Fair Oaks and Brookside
Substation Upgrades
326727 Request for Proposal for Fair Oaks
professional design services was released in
the fourth quarter.

Major materials contracts will be awarded for
substation transformers and switchgear, and
equipment ordered in FY 2026. In addition,
the design build specifications for Fair Oaks
and Brookside upgrades will be completed.
16% 6/30/2030 Ongoing336,078
671,0002,042,000Oak Knoll Substation Upgrades327728 Design for Oak Knoll Substation upgrades in support of the 34-8 protection and control
upgrade were completed in the fourth
quarter.

The procurement for Oak Knoll 35kV switch
upgrades will be completed and construction
initiated in FY 2026.
12% 6/30/2030 Ongoing79,039
16,812,00022,812,000Emergency Transmission and
Distribution System
Replacements
322229 Seven emergency replacement projects were
completed in the fourth quarter. A total of 32
emergency replacement projects were
completed in FY 2026. Staff is reviewing the
project expenditures and will take appropriate
action to address project imbalance.

Emergency replacements to transmission,
distribution, and substation systems will be
completed on an as needed basis in FY 2026.
102% 6/30/2030 Ongoing17,144,297
7,344,00018,453,336Station Transformer Upgrades325930 Contract revisions to the Mobile Substation specification were started in the fourth
quarter.

The Mobile Transformer equipment drawings
will be approved. In addition, work will be
performed on the design of the housing and
station upgrades in FY 2026.
8% 6/30/2030 Ongoing576,768
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 22

Page 202 ends

11,581,39621,581,396Deteriorated Pole Replacement
Program
323331 A total of 146 poles were replaced in FY
2026, with approximately 20 completed in the
fourth quarter. Staff is reviewing the project
expenditures and will take appropriate action
to address project imbalance.

A total of sixty utility poles will be replaced
based on inspection and evaluation criteria in
FY 2026. In addition, funds are required to
cover Southern California Joint Pole
Committee charges that account for joint pole
work performed by other utilities.
102% 6/30/2030 Ongoing11,836,534
8,453,0008,853,000Power Facility Wastewater /
Storm Water Capture and
Treatment
327032 The Glenarm Onsite Alternative Report was
updated in the fourth quarter. The Industrial
General Permit Time Schedule Order (IGP
TSO) Biennial Progress Report was finalized
for submission to the California State Water
Resources Board in the fourth quarter.

Work planned for FY 2026 includes the
replacement of the Oily Water Separator;
installation of a stormwater capture
mechanism, and address any needs of storm
and waste water treatment, storage, recycling
and disposal facilities at the power plant on an
as-needed basis.
2% 6/30/2030 Ongoing168,483
3,741,0315,654,709T.M. Goodrich Receiving Station
Upgrades
326333 TMG Bank 2 cooling and alarm upgrades
were completed in the fourth quarter. In
addition, materials were ordered for Bank 1
and specification work began for the 35 kV
grounding bank and 220 kV–35 kV inter‑tie
transformer in the fourth quarter.

Design for the 220 kV Metering and
Disturbance Fault Recorder (DFR) will be
completed and procurement initiated in FY
2026. In addition, a transformer cooling study
and station service upgrade design will be
initiated.
59% 6/30/2030 Ongoing2,204,988
3,271,0003,991,000Seismic and Reliability Upgrades
of Power Facilities
319634 Construction on the seismic upgrades for
Glenarm Units 1 and 2 were completed in the
fourth quarter. In addition, Del Mar Seismic
Anchoring work began and design work for
the firewall between Santa Anita
Transformers 4 and 5 continued in the fourth
quarter.

Design and construction of the seismic
upgrade of the Glenarm 4kV substation will be
completed in FY 2026.
66% 6/30/2030 Ongoing2,157,361
7,913,66611,413,666Transmission System
Enhancements
319535 Site visits and meetings with Southern
California Edison continued for the review of
the scope and preliminary design for the
Goodrich–Gould 220 kV line protection,
disconnect, and RTU upgrades in the fourth
quarter.

In FY 2026, replacement of an aging
communication device, RFL 6780
transmitter/receiver, will begin. In addition,
other transmission equipment and
infrastructure at TM Goodrich Receiving
Station will be upgraded or replaced.
95% 6/30/2030 Ongoing7,479,287
230,000710,000Replacement of Power Plant
Instruments and Controls
323237 Ammonia control and air regulator valves
were received in the fourth quarter.

Anticipated installation scheduled for
October 2026.

Procurement of instruments and controls at
the Glenarm Power Plant will occur on an as-
needed basis in FY 2026.
10% 6/30/2030 Ongoing23,295
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 23

Page 203 ends

1,110,5002,782,500Power Substation Weatherizing
Enhancements
327938 Weatherization at Santa Anita and painting of
the Wilson Unit 1 transformers were
completed in the fourth quarter. Staff is
reviewing the project expenditures and will
take appropriate action to address project
imbalance.

Two substations will be enhanced with
protective weatherproof high-temperature
paint coating and weatherization upgrades in
FY 2026.
103% 6/30/2030 Ongoing1,144,897
1,702,0001,917,051Security, Access Control, and
Lighting Program at Power
Facilities
324839 Security upgrades at Wilson, Villa, and Del
Mar substations were completed in the fourth
quarter.

Installations for the security, access control,
and lighting systems at Wilson, Villa, and Del
Mar substations will be completed in FY 2026.
73% 6/30/2028 Construction1,246,465
596,521796,521Distribution System GIS
Enhancements
324640 No reportable activity in the fourth quarter.In FY 2026, PWP will continue to enhance the GIS to meet PWP operational immediate and
future needs.
6% 6/30/2030 Ongoing35,079
8,169,52813,069,528Distribution System Expansion
Program
322841 Design efforts for Caltech‑4 and LA28
continued in the fourth quarter.

Underground infrastructure for customer
related projects will be enhanced and
expanded in FY 2026.
97% 6/30/2030 Ongoing7,953,742
485,0002,263,000Villa Substation Upgrades327842 No reportable activity due to delayed vendor materials in the fourth quarter.

The procurement for Villa 35kV switch
upgrades will be completed in FY 2026.
30% 6/30/2030 Ongoing147,853
737,0001,337,000Fiber Optic Cable Expansions /
Overbuilds
324443 No reportable activity in the fourth quarter.The installation of overhead fiber-optic cables along El Mirador from Colorado Blvd. up to El
Mirador Tower on Glen Oaks Blvd. will be
completed in FY 2026. In addition, work in
coordination with Department of Technology
to complete fiber projects to meet PWP
operational and system needs will continue.
29% 6/30/2030 Ongoing210,367
2,760,0004,382,696Supervisory Control and Data
Acquisition (SCADA) System
Expansion
324544 Equipment for the backup SCADA backhaul
network was installed in the fourth quarter.

Procurement of a new fiber‑optic multiplexer
started in the fourth quarter.

Procurement and acceptance testing for
Connex 30 substation gateways, and Jungle
Mux fiber optic multiplexer upgrades will be
completed in FY 2026. In addition, the design
and programming for the Eastern Unit 1 SEL-
2032-to-SEL RTAC project will be completed.
32% 6/30/2030 Ongoing889,526
859,0002,230,000Chester Substation Upgrades327345 Chester Substation upgrades for the 34‑37 protection and control were completed in the
fourth quarter.

Procurement for Chester 35kV switch
upgrades will be completed and construction
initiated in FY 2026.
21% 6/30/2030 Ongoing178,448
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 24

Page 204 ends

2,474,0002,961,500Management Information Systems
- Power
323946 Relevant subscriptions remained current and
renewed as required in the fourth quarter.

In FY 2026, a radio replacement plan will be
developed, and the radio replacements will
begin implementation.
0% 6/30/2030 Ongoing0
1,000,0001,800,000Customer Load Research
Program
324148 Approximately 77 instrument rated meters
were replaced in the fourth quarter.

The ongoing replacement of failing or analog
electric customer meters with load
research/automated metering equipment and
connection to the MV-90 system will continue
in FY 2026.
91% 6/30/2030 Ongoing908,894
899,1041,981,10435kV Subtransmission System
Upgrades
328349 The study agreement from Southern
California Edison for the TM Goodrich import
capacity expansion was finalized in the fourth
quarter.

In FY 2026, a study will be initiated to
evaluate options to upgrade the 35 kV
subtransmission system and the 220 kV grid
interconnections.
0% 6/30/2030 Ongoing0
2,744,3203,144,320Power Production Facility
Improvements
323650 Request for Proposal for the Remote
Intelligent Gateway (RIG) project continued
to be posted in the fourth quarter.

Anticipated contract award scheduled for
early FY 2027.

Work planned for FY 2026 includes
installation of a new perimeter wall at Azusa;
Remote Intelligence Gateway (RIG), and
miscellaneous facility improvements on an as-
needed basis.
66% 6/30/2030 Ongoing1,809,001
5,536,0008,537,859Santa Anita 35kV Receiving
Station Upgrades
326051 Phase 1 of the Santa Anita electric service
upgrade was completed in the fourth quarter.

In addition, a task order for Santa Anita
station battery specification was issued for
General Engineering Services in the fourth
quarter.

The engineering design and construction will
be initiated in FY 2026 for the removal of the
obsolete panels/racks for the Santa Anita
Historic Building. In addition, design for linear
coupler, transfer trip, wye potential
transformer, and station service upgrades will
be initiated.
76% 6/30/2030 Ongoing4,212,349
390,00033,995,000Water & Power Headquarters328552 No reportable activity in the fourth quarter.Needs assessment efforts will continue in FY 2026. PWP will begin identifying potential
sites for the future headquarters.
0% 6/30/2030 No Activity This
Quarter
0 Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 25

Page 205 ends

2,795,0004,195,000Customer Facility Replacements326953 Replacement of one MTA RFI controller was completed in the fourth quarter. Staff is
reviewing the project expenditures and will
take appropriate action to address project
imbalance.

Two Resettable Fault Interrupters (RFIs) will
be replaced at Metro Tracking Stations in FY
2026. In addition, ten aging interrupter
switches will be replaced and new covers
installed as necessary.
103% 6/30/2030 Ongoing2,875,060
20,363,44220,363,442Water and Power Facilities
Modernization
317554 A portion of the PWP Yards was resurfaced
in the fourth quarter.

Scheduled resurfacing of the roadway and
parking spaces around the City Yards building
at 311 West Mountain St. will be completed in
FY 2026.
98% 6/30/2026 Completed20,039,103
3,559,8475,959,847Power System Equipment325455 Procurement for major tools and field equipment continued in the fourth quarter.

Major tools and test equipment will be
purchased upon field evaluation in FY 2026.
57% 6/30/2030 Ongoing2,028,452
2,862,6033,139,692Santa Anita 17kV Substation
Upgrades
326156 Dissolved gas analyzers and new 17 kV
potential transformers for Santa Anita Bank 4
and Bank 5 were received in the fourth
quarter.

In FY 2026, the Santa Anita Bank 5 Tap
Changer Under Load (TCUL) will be
upgraded. In addition, the design and
procurement for the wye-connected potential
transformer upgrades will be initiated.
72% 6/30/2030 Ongoing2,075,298
2,287,0003,887,000Distribution Volt/Var
Enhancements Program
325257 Four summer‑loading mitigation projects
were evaluated, two projects were selected,
all designs completed, and one was released
for construction in the fourth quarter.

Voltage correction projects will occur when
determined by recorded voltage abnormalities
or when identified ahead of requested
upgrades in FY 2026.
96% 6/30/2030 Ongoing2,192,246
1,879,0006,686,847Primary Dispatch Facility
Remodel
325358 Procurement for Progressive Design-Build
continued in the fourth quarter.

The pursuit of a Progressive Design Build
(PDB) contracting method for the Primary
Dispatch Center project is underway and
expect to select a PDB firm in FY 2026. In
addition, it is anticipated that the PDB firm will
initiate scope, design, and site reviews to
develop a guaranteed maximum price. PWP
crews will complete equipment removals
and/or relocations as necessary.
11% 6/30/2030 Planning198,342
2,670,0005,614,720Glenarm Receiving Station
Upgrades
326659 The 34‑37 protection and control upgrades
were completed in the fourth quarter. Three
inverters were installed in the Primary
Dispatch Center and a task order was issued
to develop battery specifications for Glenarm
in the fourth quarter.

Procurement, design, field installation, and
acceptance testing for the Glenarm RSC and
RSD 35kV protection and control upgrades
will be completed in FY 2026.
92% 6/30/2030 Ongoing2,463,320
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 26

Page 206 ends

1,430,0002,830,000Power Supply Integrated
Resource Planning and Design
324960 Optimized Strategic Plan progress report was
completed in the fourth quarter. The report is
planned to be presented at the Municipal
Service Committee in the first quarter of FY
2027. Continued reviewing Request for
Proposals for Southern California Public
Power Authority in the fourth quarter.

In FY 2026 staff will work on updating the
Optimized Strategic Plan to inform the next
detailed IRP for FY 2028.
87% 6/30/2026 Ongoing1,246,605
5,276,3525,276,352Substation Oil Containment312861 No reportable activity in the fourth quarter.The construction of an oil containment system for Santa Anita Substation Units 1 and 2 will
be completed in FY 2026. Additionally,
modifications to the existing oil containment
system in banks 4 and 5 will be completed.
84% 6/30/2026 6/30/2027 No Activity This
Quarter
4,428,420
1,382,9001,782,900Power Supply Facility Security323462 Glenarm security upgrades near completion in the fourth quarter. Testing anticipated in
first quarter of FY 2027.

Procurement and installation of new and/or
improved security systems with a focus on
Glenarm Plant will continue, and work will be
performed at the Broadway and Azusa Hydro
Plants on an as-needed basis in FY 2026.
58% 6/30/2030 Ongoing800,650
1,631,0002,086,000Geographic Information System
(GIS) Enhancements
324063 Migration to the utility network continued in
the fourth quarter. There was an expected
delay due to data compatibility issues.

Resolution efforts continued with an
anticipated completion in FY 2027.

Desktop workstations will be installed in FY
2026. In addition, utility network integration
and training are planned.
87% 6/30/2030 Ongoing1,419,697
9,428,9999,428,999Power Transmission Program319064 Los Angeles Department of Water and Power continued to submit invoices for work
performed on the porcelain insulator
replacement project in the fourth quarter.

Work on the Porcelain Insulators
Replacement will be complete in FY 2026.
95% 6/30/2026 Ongoing8,984,456
607,463737,463Field Services and Meter Reading
Automation
302565 Purchased new meter reading hardware in
the fourth quarter.

Field Services purchase of new meter reading
hardware coupled with professional services
for the upgrade to cloud capability will be
implemented in FY 2026.
71% 6/30/2030 Ongoing433,901
1,083,0001,567,629Power Transmission Program325166 Los Angeles Department of Water and Power, the operating agent for this project,
continued submitting invoices for work
relating to the Pacific Direct Current Intertie
Transmission Line upgrades in the fourth
quarter.

In FY 2026, work will continue on replacement
of the 480V breaker switchgear at Sylmar
Converter Station (SCS) and Phase 2 of the
Fire Protection System Replacement project;
there will be an elevator upgrade at the
Sylmar SC and various smaller capital
projects will be completed.
30% 6/30/2030 Ongoing324,404
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 27

Page 207 ends

41,620,00066,170,000Subtransmission Path 2 Upgrade328275 Reels of cable began to arrive in the fourth quarter.

Procurement of new Path 2 underground
cables will be completed in FY 2026.
5% 6/30/2027 Planning2,101,492
Technology Projects
3,550,0003,550,000Police Computer-Aided Dispatch
and Records Management
System Replacement
711681 All record types were successfully migrated
with the archival data migration planned for
completion in the fourth quarter. Review of
crime mapping solution offerings continued in
the fourth quarter.

This project, including implementation of
additional systems and historical data
migration will be completed in FY 2026.
79% 6/30/2026 Construction2,800,564
5,406,9938,931,993DoIT Equipment Lifecycle
Replacement FY 2025 - 2029
711712 Network and server infrastructure equipment
and software updates continued as part of
planned lifecycle replacements. Progress of
the PBX replacement project continued with
the goal to enable shutdown of the entire
legacy PBX equipment. Additional phases to
upgrade all Fire Stations to Teams Phone
service has been completed in the fourth
quarter. Lifecycle replacement of the City's
server infrastructure has been completed in
the fourth quarter. Staff is reviewing the
project expenditures and will take appropriate
action to address project imbalance.

Annual system life cycle replacement of
hardware and software will continue in FY
2026.
102% 6/30/2026 Ongoing5,509,531
3,289,3673,289,367Enterprise Building Security
Management
711633 Received a responsive proposal in response
to the Request of Proposals in the fourth
quarter. Anticipated contract award to be
awarded in the first quarter of FY 2027.

Work will continue at Washington Park and
expand to other City facilities in FY 2026.
80% 6/30/2026 Planning2,621,689
1,893,9792,733,979City Fiber Network Expansion FY
2025 - 2029
711724 The Request for Proposals (RFP) to formally
solicit partnership offers for broadband
expansion into underserved areas identified
in the Strategic Broadband Plan is scheduled
to be released in the fourth quarter.

Expansion of fiber to provide Wi-Fi services to
public parks and park facilities will begin in FY
2026.
71% 6/30/2026 Ongoing1,340,486
1,500,0001,500,000City Park Public Wifi Expansion711695 Construction began as the project kickoff for the installation of Wi-Fi equipment in the
fourth quarter. Anticipated completion in the
fourth quarter of FY 2028.

Planning efforts will continue and construction
of the WiFi designs will begin in FY 2026.
11% 6/30/2027 Planning165,086
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 28

Page 208 ends

2,100,0002,100,000Mobile Data Computer
Replacement
711737 A total of 222 of 228 devices were
successfully deployed in the fourth quarter.

Vehicle outfitting and docking station
replacement activities to support deployment
efforts continued in the fourth quarter.

This project will begin when funds are
identified.
67% 6/30/2026 Construction1,409,969
1,500,0001,500,000Police Dispatch Radio Console
Replacement
711748 Project kicked off with the hardware installed
and tested in the fourth quarter. Software
was installed and pending testing in the
fourth quarter. Training anticipated to be
scheduled with supervisors in the first quarter
of FY 2027.

This project will begin when funds are
identified.
79% 6/30/2026 Construction1,179,562
Capital Improvement Program
FY 2026 Quarter Monitoring Report
Activity Through June 30, 2026
Priority
Total
Estimated
CostProject Name
Appropriation
Thru FY 2026 Status UpdateFY 2026 Workplan ScheduleProject# % of
Appropriations
Spent To Date
Revised
Completion
Date
Target
Completion
Date Phase
Expenditures
Life of
Project
July 21, 2026 Page 29

Page 209 ends

Finance CommitteeAugust 24, 2026

Finance Committee
August 24, 2026