Paso Robles City Council
January 16, 2024

City Council Agenda January 16, 2024
69353RFG8
PNC Bank NA 3.1 10/25/2027
735,000.00
12/8/2022

4.39 693,884.10
693,884.10 90.11

5.87 9,810.21
662,274.38
-31,609.72

0.52%
S&P-A
Moodys-A2

3.78 1486
857477BM4
State Street Corp Var. Corp 3/30/2026 -25
625,000.00
3/17/2022

2.90 626,225.00
626,225.00 95.40

2.90 0.00
596,237.81
-29,987.19

0.47%
S&P-A
Moodys-A1
0 547
89236TGT6
TOYOTA MOTOR CREDIT CORP 1.8
2/13/2025
275,000.00
5/26/2020

1.58 277,686.75
277,686.75 95.03

5.62 646.25
261,341.27
-16,345.48

0.21%
S&P-AAMoodys-A1

1.36 502
89236TLB9
Toyota Motor Credit Corp 5.25 9/11/2028
400,000.00
9/11/2023

5.29 399,304.00
399,304.00 99.48

5.37 1,108.33
397,903.92
-1,400.08

0.3%
S&P-A+
Moodys-A1

4.41 1808
931142ER0
Walmart Inc 1.05 9/17/2026-26
1,030,000.00
1/30/2023

4.14 923,601.00
923,601.00 89.18

5.02 390.54
918,579.28
-5,021.72

0.69%
S&P-AA
Moodys-Aa2

2.92 1052
991

2.46 12.34%
-678,271.15
15,748,992.45

5.13 92,313.41
16,427,263.60
Sub Total Corporate Bond 16,515,000.00 3.23 16,427,263.60 FHLB Bond
3130AJHU6
FHLB 0.5 4/14/2025
620,000.00
4/16/2020

0.60 616,924.80
616,924.80 93.02

5.28 1,429.44
576,752.01
-40,172.79

0.46%
S&P-AA+
Moodys-Aaa

1.53 562
3130A0F70
FHLB 3.375 12/8/2023
585,000.00
1/31/2019

2.72 602,242.23
602,242.23 99.64

5.24 6,142.50
582,904.67
-19,337.56

0.45%
S&P-AA+
Moodys-Aaa

0.19 69
318

0.87 0.91%
-59,510.35
1,159,656.68

5.26 7,571.94
1,219,167.03
Sub Total FHLB Bond 1,205,000.00 1.65 1,219,167.03
FHLMC Bond
3137EAFA2
FHLMC 0.25 12/4/2023
465,000.00
12/4/2020

0.28 464,539.65
464,539.65 99.12

5.26 374.58
460,890.12
-3,649.53

0.35%
S&P-AA+
Moodys-Aaa

0.18 65
3134GXBL7
FHLMC 0.3 11/16/2023-22
500,000.00
11/16/2020

0.33 499,600.00
499,600.00 99.37

5.25 558.33
496,856.99
-2,743.01

0.38%
S&P-AA+
Moodys-Aaa

0.13 47
3137EAEU9
FHLMC 0.375 7/21/2025
575,000.00
7/23/2020

0.48 572,136.50
572,136.50 91.92

5.11 413.28
528,523.10
-43,613.40

0.43%
S&P-AA+
Moodys-Aaa

1.8 660
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 9/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
7 Attachment 1

City Council Agenda January 16, 2024
3137EAEX3
FHLMC 0.375 9/23/2025
855,000.00
9/25/2020

0.44 852,426.45
852,426.45 91.18

5.11 62.34
779,586.14
-72,840.31

0.64%
S&P-AA+
Moodys-Aaa

1.97 724
3137EAEP0
FHLMC 1.5 2/12/2025
1,365,000.00
2/14/2020

1.52 1,363,948.95
1,363,948.95 95.06

5.30 2,730.00
1,297,526.63
-66,422.32

1.02%
S&P-AA+
Moodys-Aaa

1.36 501
3137EAEP0
FHLMC 1.5 2/12/2025
1,905,000.00
6/8/2020

0.56 1,987,715.10
1,987,715.10 95.06

5.30 3,810.00
1,810,833.87
-176,881.23

1.49%
S&P-AA+
Moodys-Aaa

1.36 501
3137BTUMI
FHLMC MBS 3.347 11/25/2026
620,000.00
5/24/2023

4.31 602,837.48
600,915.63 94.37

5.63 1,671.64
585,106.40
-17,731.08

0.45%
S&P-AA+
Moodys-Aaa

0.98 1152
539

1.26 4.76%
-383,880.88
5,959,323.25

5.28 9,620.17
6,341,282.28
Sub Total FHLMC Bond 6,285,000.00 1.06 6,343,204.13
FNMA Bond
3135G05X7
FNMA 0.375 8/25/2025
600,000.00
10/16/2020

0.45 597,972.00
597,972.00 91.48

5.13 218.75
548,853.55
-49,118.45

0.45%
S&P-AA+
Moodys-Aaa

1.9 695
3135G06G3
FNMA 0.5 11/7/2025
900,000.00
11/12/2020

0.57 896,778.00
896,778.00 90.95

5.10 1,787.50
818,510.60
-78,267.40

0.67%
S&P-AA+
Moodys-Aaa

2.09 769
3135G06G3
FNMA 0.5 11/7/2025
500,000.00
11/16/2020

0.53 499,250.00
499,250.00 90.95

5.10 993.06
454,728.11
-44,521.89

0.37%
S&P-AA+
Moodys-Aaa

2.09 769
3135G06G3
FNMA 0.5 11/7/2025
570,000.00
12/4/2020

0.52 569,481.30
569,481.30 90.95

5.10 1,132.08
518,390.04
-51,091.26

0.43%
S&P-AA+
Moodys-Aaa

2.09 769
3135G04Z3
FNMA 0.5 6/17/2025
990,000.00
6/19/2020

0.54 987,950.70
987,950.70 92.48

5.14 1,416.25
915,575.65
-72,375.05

0.74%
S&P-AA+
Moodys-Aaa

1.71 626
3135G04Z3
FNMA 0.5 6/17/2025
1,235,000.00
8/5/2020

0.38 1,242,002.45
1,242,002.45 92.48

5.14 1,766.74
1,142,157.51
-99,844.94

0.93%
S&P-AA+
Moodys-Aaa

1.71 626
3135G03U5
FNMA 0.625 4/22/2025
765,000.00
4/24/2020

0.67 763,424.10
763,424.10 93.16

5.25 2,098.44
712,660.08
-50,764.02

0.57%
S&P-AA+
Moodys-Aaa

1.55 570
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 9/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
8 Attachment 1

City Council Agenda January 16, 2024
676

1.84 4.16%
-445,983.01
5,110,875.54

5.14 9,412.82
5,556,858.55
Sub Total FNMA Bond 5,560,000.00 0.51 5,556,858.55
Local Government Investment Pool
CAMP1001

CAMP LGIP
21,219,792.86
12/31/2019

5.55 21,219,792.86
21,219,792.86 100.00

5.55 21,219,792.86

0.00 15.94%
NR
NR
0 1
LAIF0271

LAIF LGIP
21,130,337.56
12/31/2019

3.53 21,130,337.56
21,130,337.56 100.00

3.53 21,130,337.56

0.00 15.87%
NR
NR
0 1
1 0

31.81%

0.00 42,350,130.42

4.54 42,350,130.42
Sub Total Local Government Investment 42,350,130.42 4.54 42,350,130.42 Pool
Money Market
MM9730
Zions Bank MM
8,455.01
2/1/2020

5.01 8,455.01
8,455.01 100.00

5.01 8,455.01

0.00 0.01%
NR
NR
0 1
1 0

0.01%

0.00 8,455.01

5.01 8,455.01
Sub Total Money Market 8,455.01 5.01 8,455.01
Negotiable Certificate Of Deposit
21684LGS5
Cooperatieve Centrale 5.08 7/17/2026
800,000.00
7/20/2023

5.08 800,000.00
800,000.00 99.90

5.11 8,016.66
799,225.68
-774.32

0.6%
FDIC Insured
FDIC Insured

2.62 1021
89115B6F2
Toronto Dominion Bank NY 5.47 10/25/2024
600,000.00
10/31/2022

5.47 600,000.00
600,000.00 99.76

5.70 30,085.00
598,557.92
-1,442.08

0.45%
None
S&P-A1.02
391
751

1.93 1.05%
-2,216.40
1,397,783.60

5.36 38,101.66
1,400,000.00
Sub Total Negotiable Certificate Of 1,400,000.00 5.25 1,400,000.00 Deposit
Treasury Note
91282CAT8
T-Note 0.25 10/31/2025
1,550,000.00
10/6/2021

0.78 1,517,062.50
1,517,062.50 90.68

5.02 1,611.07
1,405,535.16
-111,527.34

1.14%
S&P-AA+
Moodys-Aaa

2.08 762
91282CAJ0
T-Note 0.25 8/31/2025
1,730,000.00
8/4/2021

0.52 1,711,280.86
1,711,280.86 91.25

5.10 356.46
1,578,557.43
-132,723.43

1.29%
S&P-AA+
Moodys-Aaa

1.91 701
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 9/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
9 Attachment 1

City Council Agenda January 16, 2024
91282CAM3
T-Note 0.25 9/30/2025
1,340,000.00
9/8/2021

0.67 1,317,544.53
1,317,544.53 91.00

5.04 0.00
1,219,452.34
-98,092.19

0.99%
S&P-AA+
Moodys-Aaa
2 731
91282CBH3
T-Note 0.375 1/31/2026
635,000.00
7/7/2021

0.80 622,796.09
622,796.09 90.03

4.95 394.72
571,673.64
-51,122.45

0.47%
S&P-AA+
Moodys-Aaa

2.32 854
91282CBH3
T-Note 0.375 1/31/2026
1,700,000.00
1/6/2022

1.27 1,639,703.13
1,639,703.13 90.03

4.95 1,056.73
1,530,464.85
-109,238.28

1.23%
S&P-AA+
Moodys-Aaa

2.32 854
91282CBH3
T-Note 0.375 1/31/2026
765,000.00
2/22/2022

1.82 723,193.95
723,193.95 90.03

4.95 475.53
688,709.18
-34,484.77

0.54%
S&P-AA+
Moodys-Aaa

2.32 854
91282CBH3
T-Note 0.375 1/31/2026
1,105,000.00
5/4/2022

2.95 1,004,859.38
1,004,859.38 90.03

4.95 686.87
994,802.15
-10,057.23

0.75%
S&P-AA+
Moodys-Aaa

2.32 854
91282CAZ4
T-Note 0.375 11/30/2025
1,460,000.00
11/3/2021

1.01 1,422,872.66
1,422,872.66 90.62

5.00 1,825.00
1,323,067.97
-99,804.69

1.07%
S&P-AA+
Moodys-Aaa

2.16 792
91282CAZ4
T-Note 0.375 11/30/2025
1,050,000.00
3/9/2022

1.78 997,171.88
997,171.88 90.62

5.00 1,312.50
951,521.49
-45,650.39

0.75%
S&P-AA+
Moodys-Aaa

2.16 792
91282CAU5
T-Note 0.5 10/31/2027
2,170,000.00
1/6/2023

3.91 1,847,975.39
1,847,975.39 84.61

4.69 4,511.01
1,835,938.68
-12,036.71

1.39%
S&P-AA+
Moodys-Aaa

4.03 1492
91282CBQ3
T-Note 0.5 2/28/2026
1,680,000.00
3/5/2021

0.71 1,662,609.38
1,662,609.38 90.02

4.93 692.31
1,512,393.76
-150,215.62

1.25%
S&P-AA+
Moodys-Aaa

2.4 882
91282CBQ3
T-Note 0.5 2/28/2026
1,635,000.00
12/7/2021

1.16 1,590,867.77
1,590,867.77 90.02

4.93 673.76
1,471,883.21
-118,984.56

1.19%
S&P-AA+
Moodys-Aaa

2.4 882
912828ZN3
T-Note 0.5 4/30/2027
610,000.00
8/4/2022

2.89 545,973.83
545,973.83 86.23

4.72 1,268.07
526,005.86
-19,967.97

0.41%
S&P-AA+
Moodys-Aaa

3.55 1308
912828ZV5
T-Note 0.5 6/30/2027
840,000.00
8/10/2022

2.99 745,434.38
745,434.38 85.68

4.71 1,050.00
719,742.19
-25,692.19

0.56%
S&P-AA+
Moodys-Aaa

3.71 1369
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 9/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
10 Attachment 1

City Council Agenda January 16, 2024
91282CCF6
T-Note 0.75 5/31/2026
1,210,000.00
6/4/2021

0.82 1,206,171.48
1,206,171.48 89.81

4.87 3,025.00
1,086,731.25
-119,440.23

0.91%
Moodys-Aaa
S&P-AA+

2.64 974
91282CCF6
T-Note 0.75 5/31/2026
905,000.00
6/8/2022

2.99 829,418.36
829,418.36 89.81

4.87 2,262.50
812,803.13
-16,615.23

0.62%
Moodys-Aaa
S&P-AA+

2.64 974
91282CCZ2
T-Note 0.875 9/30/2026
1,075,000.00
4/7/2022

2.77 989,797.85
989,797.85 89.24

4.77 0.00
959,353.52
-30,444.33

0.74%
S&P-AA+
Moodys-Aaa

2.97 1096
91282CDS7
T-Note 1.125 1/15/2025
1,010,000.00
3/9/2022

1.70 994,021.48
994,021.48 94.80

5.34 2,377.48
957,527.35
-36,494.13

0.75%
S&P-AA+
Moodys-Aaa

1.28 473
91282CDS7
T-Note 1.125 1/15/2025
600,000.00
5/5/2022

3.01 570,984.38
570,984.38 94.80

5.34 1,412.36
568,828.13
-2,156.25

0.43%
S&P-AA+
Moodys-Aaa

1.28 473
91282CDQ1
T-Note 1.25 12/31/2026
1,385,000.00
1/30/2023

3.71 1,262,027.15
1,262,027.15 89.59

4.75 4,328.12
1,240,765.24
-21,261.91

0.95%
S&P-AA+
Moodys-Aaa

3.18 1188
91282CDQ1
T-Note 1.25 12/31/2026
2,760,000.00
2/10/2023

3.95 2,494,026.56
2,494,026.56 89.59

4.75 8,625.00
2,472,571.89
-21,454.67

1.87%
S&P-AA+
Moodys-Aaa

3.18 1188
91282CDZ1
T-Note 1.5 2/15/2025
925,000.00
7/13/2023

5.12 874,377.93
874,377.93 94.99

5.32 1,734.38
878,677.74
4,299.81

0.66%
S&P-AA+
Moodys-Aaa

1.36 504
91282CEA5
T-Note 1.5 2/29/2024
1,000,000.00
3/9/2022

1.53 999,453.13
999,453.13 98.39

5.44 1,236.26
983,906.25
-15,546.88

0.75%
S&P-AA+
Moodys-Aaa

0.42 152
912828YH7
T-Note 1.5 9/30/2024
430,000.00
3/4/2021

0.41 446,645.70
446,645.70 96.20

5.46 0.00
413,639.84
-33,005.86

0.34%
S&P-AA+
Moodys-Aaa
1 366
9128287B0
T-Note 1.875 6/30/2026
1,620,000.00
5/18/2023

3.69 1,533,937.50
1,533,937.50 92.52

4.81 7,593.75
1,498,753.13
-35,184.37

1.15%
S&P-AA+
Moodys-Aaa

2.68 1004
9128282U3
T-Note 1.875 8/31/2024
1,050,000.00
9/12/2019

1.54 1,066,611.33
1,066,611.33 96.79

5.51 1,622.60
1,016,326.17
-50,285.16

0.8%
S&P-AA+
Moodys-Aaa

0.91 336
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 9/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
11 Attachment 1

City Council Agenda January 16, 2024
912828XX3
T-Note 2 6/30/2024
985,000.00
7/3/2019

1.78 995,157.81
995,157.81 97.45

5.52 4,925.00
959,836.32
-35,321.49

0.75%
S&P-AA+
Moodys-Aaa

0.74 274
912828W48
T-Note 2.125 2/29/2024
1,210,000.00
4/21/2021

0.31 1,272,579.69
1,272,579.69 98.66

5.40 2,119.16
1,193,787.89
-78,791.80

0.96%
S&P-AA+
Moodys-Aaa

0.42 152
912828W71
T-Note 2.125 3/31/2024
975,000.00
1/7/2020

1.61 995,452.15
995,452.15 98.36

5.49 0.00
959,041.99
-36,410.16

0.75%
S&P-AA+
Moodys-Aaa

0.5 183
912828V98
T-Note 2.25 2/15/2027
1,155,000.00
7/7/2022

2.85 1,125,132.42
1,125,132.42 92.29

4.75 3,248.44
1,065,983.79
-59,148.63

0.84%
S&P-AA+
Moodys-Aaa

3.25 1234
9128282R0
T-Note 2.25 8/15/2027
2,180,000.00
9/6/2022

3.40 2,066,827.34
2,066,827.34 91.40

4.70 6,131.25
1,992,571.10
-74,256.24

1.55%
S&P-AA+
Moodys-Aaa

3.71 1415
9128286G0
T-Note 2.375 2/29/2024
993,000.00
8/12/2021

0.34 1,044,279.14
1,044,279.14 98.75

5.42 1,943.72
980,626.29
-63,652.85

0.78%
S&P-AA+
Moodys-Aaa

0.42 152
912828D56
T-Note 2.375 8/15/2024
535,000.00
9/25/2019

1.56 555,334.18
555,334.18 97.36

5.51 1,588.28
520,851.76
-34,482.42

0.42%
S&P-AA+
Moodys-Aaa

0.87 320
9128286A3
T-Note 2.625 1/31/2026
805,000.00
2/8/2021

0.46 890,625.59
890,625.59 94.92

4.95 3,502.73
764,121.09
-126,504.50

0.67%
S&P-AA+
Moodys-Aaa

2.27 854
91282CEN7
T-Note 2.75 4/30/2027
1,285,000.00
5/5/2023

3.50 1,249,260.94
1,249,260.94 93.52

4.74 14,691.95
1,201,776.18
-47,484.76

0.94%
S&P-AA+
Moodys-Aaa

3.39 1308
91282CGH8
T-Note 3.5 1/31/2028
1,755,000.00
6/5/2023

3.76 1,735,461.91
1,735,461.91 95.45

4.67 10,181.86
1,675,133.79
-60,328.12

1.3%
S&P-AA+
Moodys-Aaa

4.03 1584
91282CHA2
T-Note 3.5 4/30/2028
485,000.00
5/1/2023

3.60 482,821.29
482,821.29 95.33

4.64 7,057.54
462,360.35
-20,460.94

0.36%
S&P-AA+
Moodys-Aaa

4.2 1674
91282CGT2
T-Note 3.625 3/31/2028
1,230,000.00
5/5/2023

3.41 1,241,963.67
1,241,963.67 95.89

4.65 0.00
1,179,406.64
-62,557.03

0.93%
S&P-AA+
Moodys-Aaa

4.18 1644
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 9/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
12 Attachment 1

City Council Agenda January 16, 2024
91282CGV7
T-Note 3.75 4/15/2026
1,240,000.00
5/5/2023

3.63 1,244,262.50
1,244,262.50 97.27

4.91 21,344.26
1,206,093.75
-38,168.75

0.93%
S&P-AA+
Moodys-Aaa

2.4 928
91282CGE5
T-Note 3.875 1/15/2026
2,500,000.00
2/10/2023

4.12 2,483,398.44
2,483,398.44 97.65

4.97 20,270.04
2,441,308.60
-42,089.84

1.87%
None
None

2.2 838
91282CGX3
T-Note 3.875 4/30/2025
1,250,000.00
5/5/2023

3.93 1,248,779.30
1,248,779.30 97.95

5.24 20,138.42
1,224,365.24
-24,414.06

0.94%
S&P-AA+
Moodys-Aaa

1.53 578
91282CGL9
T-Note 4 2/15/2026
2,535,000.00
3/6/2023

4.61 2,493,014.06
2,493,014.06 97.89

4.95 12,675.00
2,481,428.33
-11,585.73

1.87%
None
Moodys-Aaa

2.28 869
91282CGP0
T-Note 4 2/29/2028
2,525,000.00
3/6/2023

4.26 2,495,706.05
2,495,706.05 97.43

4.65 8,324.18
2,460,198.25
-35,507.80

1.87%
S&P-AA+
Moodys-Aaa

4.07 1613
91282CHK0
T-Note 4 6/30/2028
115,000.00
7/3/2023

4.17 114,133.01
114,133.01 97.35

4.63 1,150.00
111,954.30
-2,178.71

0.09%
S&P-AA+
Moodys-Aaa

4.32 1735
91282CHK0
T-Note 4 6/30/2028
775,000.00
7/10/2023

4.34 763,253.91
763,253.91 97.35

4.63 7,750.00
754,474.60
-8,779.31

0.57%
S&P-AA+
Moodys-Aaa

4.32 1735
91282CFM8
T-Note 4.125 9/30/2027
1,500,000.00
5/18/2023

3.57 1,533,515.63
1,533,515.63 97.94

4.70 0.00
1,469,062.50
-64,453.13

1.15%
S&P-AA+
Moodys-Aaa

3.72 1461
91282CHX2
T-Note 4.375 8/31/2028
710,000.00
9/13/2023

4.42 708,474.61
708,474.61 99.02

4.60 2,560.10
703,066.41
-5,408.20

0.53%
None
None

4.46 1797
912810FB9
T-Note 6.125 11/15/2027
1,125,000.00
1/30/2023

3.60 1,248,925.78
1,248,925.78 105.38

4.67 25,839.84
1,185,512.69
-63,413.09

0.94%
None
Moodys-Aaa

3.64 1507
978

2.57 44.01%
-2,392,584.59
56,212,593.41

4.94 225,573.25
58,605,178.00
Sub Total Treasury Note 60,108,000.00 2.66 58,605,178.00 TOTAL PORTFOLIO 134,673,234.58 3.16 133,151,905.89
133,149,984.04

4.82 382,593.25
129,189,459.51
-3,962,446.38
100.00%

1.6 618
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 9/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
13 Attachment 1

City Council Agenda January 16, 2024
Buy Transactions
Buy 9/11/2023 89236TLB9 400,000.00 Toyota Motor Credit Corp 5.25 9/11/2028 99.83 399,304.00 0.00 5.29 399,304.00 Buy 9/13/2023 91282CHX2 710,000.00 T-Note 4.375 8/31/2028 99.79 708,474.61 1,109.38 4.42 709,583.99 JP Morgan Chase & CO 2.947 2/24/2028-
27 Buy 9/18/2023 46647PCW4 350,000.00 91.44 320,029.50 687.63 5.13 320,717.13 Buy 9/29/2023 17325FBB3 1,345,000.00 Citibank 5.803 9/29/2028-28 100.00 1,345,000.00 0.00 5.80 1,345,000.00 Subtotal 2,805,000.00 2,772,808.11 1,797.01 2,774,605.12 Deposit 9/1/2023 MM9730 45.07 Zions Bank MM 100.00 45.07 0.00 0.00 45.07 Deposit 9/29/2023 MM9730 8,455.01 Zions Bank MM 100.00 8,455.01 0.00 0.00 8,455.01 Deposit 9/30/2023 CAMP1001 78,398.18 CAMP LGIP 100.00 78,398.18 0.00 0.00 78,398.18 Deposit 9/30/2023 CAMP1001 8,100,000.00 CAMP LGIP 100.00 8,100,000.00 0.00 0.00 8,100,000.00 Subtotal 8,186,898.26 8,186,898.26 0.00 8,186,898.26
Total Buy Transactions 10,991,898.26 10,959,706.37 1,797.01 10,961,503.38 Sell Transactions
JP Morgan Chase & Co Var. Corp
9/16/2024 -23
Called 9/18/2023 46647PBS4 325,000.00 0.00 325,000.00 0.00 0.00 325,000.00 Subtotal 325,000.00 325,000.00 0.00 325,000.00
Sell 9/11/2023 91282CBM2 410,000.00 T-Note 0.125 2/15/2024 0.00 400,871.09 37.60 0.00 400,908.69 Sell 9/13/2023 9128285D8 140,000.00 T-Note 2.875 9/30/2023 0.00 139,830.47 1,825.55 0.00 141,656.02 Sell 9/13/2023 91282CBM2 585,000.00 T-Note 0.125 2/15/2024 0.00 572,363.09 57.63 0.00 572,420.72 Sell 9/29/2023 3130A0F70 1,345,000.00 FHLB 3.375 12/8/2023 0.00 1,339,458.60 13,996.41 0.00 1,353,455.01 Subtotal 2,480,000.00 2,452,523.25 15,917.19 2,468,440.44 Withdraw 9/6/2023 MM9730 102,986.95 Zions Bank MM 0.00 102,986.95 0.00 0.00 102,986.95 Withdraw 9/30/2023 LAIF0271 2,775,000.00 LAIF LGIP 0.00 2,775,000.00 0.00 0.00 2,775,000.00 Withdraw 9/30/2023 CASH3004 1,801,449.97 Pacific Premier Bank Cash 0.00 1,801,449.97 0.00 0.00 1,801,449.97 Subtotal 4,679,436.92 4,679,436.92 0.00 4,679,436.92
Total Sell Transactions 7,484,436.92 7,456,960.17 15,917.19 7,472,877.36 Interest/Dividends
Interest 9/1/2023 3137BTUMI 0.00 FHLMC MBS 3.347 11/25/2026 0.00 1,729.28 0.00 1,729.28 Settlement Date CUSIP Description Principal YTM @ Cost
Face Amount /
Action Shares Purchase Price
Interest /
Dividends Total
Begin Date: 8/31/2023, End Date: 9/30/2023 All Portfolios Transaction Summary by Action
City of Paso Robles
14 Attachment 1

City Council Agenda January 16, 2024
Interest 9/1/2023 478160CN2 0.00 Johnson & Johnson 0.55 9/1/2025-25 0.00 1,210.00 0.00 1,210.00 Interest 9/1/2023 MM9730 0.00 Zions Bank MM 0.00 45.07 0.00 45.07 Interest 9/3/2023 57636QAN4 0.00 Mastercard INC 2 3/3/2025-25 0.00 4,400.00 0.00 4,400.00 Interest 9/14/2023 437076BT8 0.00 Home Depot Inc 2.8 9/14/2027-27 0.00 9,100.00 0.00 9,100.00 Interest 9/15/2023 717081ES8 0.00 Pfizer Inc 2.95 3/15/2024-24 0.00 14,233.75 0.00 14,233.75 JP Morgan Chase & Co Var. Corp
9/16/2024 -23
Interest 9/16/2023 46647PBS4 0.00 0.00 1,061.13 0.00 1,061.13 Interest 9/17/2023 931142ER0 0.00 Walmart Inc 1.05 9/17/2026-26 0.00 5,407.50 0.00 5,407.50 Interest 9/23/2023 4581X0DZ8 0.00 IBRD | Supranational 0.5 9/23/2024 0.00 2,175.00 0.00 2,175.00 Interest 9/23/2023 3137EAEX3 0.00 FHLMC 0.375 9/23/2025 0.00 1,603.13 0.00 1,603.13 Interest 9/25/2023 458140BP4 0.00 INTEL CORP 3.4 3/25/2025-25 0.00 7,395.00 0.00 7,395.00 Interest 9/30/2023 91282CGT2 0.00 T-Note 3.625 3/31/2028 0.00 22,293.75 0.00 22,293.75 Interest 9/30/2023 912828YH7 0.00 T-Note 1.5 9/30/2024 0.00 3,225.00 0.00 3,225.00 Interest 9/30/2023 91282CCZ2 0.00 T-Note 0.875 9/30/2026 0.00 4,703.13 0.00 4,703.13 Interest 9/30/2023 912828W71 0.00 T-Note 2.125 3/31/2024 0.00 10,359.38 0.00 10,359.38 Interest 9/30/2023 91282CFM8 0.00 T-Note 4.125 9/30/2027 0.00 30,937.50 0.00 30,937.50 Interest 9/30/2023 91282CAM3 0.00 T-Note 0.25 9/30/2025 0.00 1,675.00 0.00 1,675.00 Interest 9/30/2023 CAMP1001 0.00 CAMP LGIP 0.00 78,398.18 0.00 78,398.18 Interest 9/30/2023 857477BM4 0.00 State Street Corp Var. Corp 3/30/2026 -25 0.00 9,065.63 0.00 9,065.63 Subtotal 0.00 0.00 209,017.43 209,017.43
Total Interest/Dividends 0.00 0.00 209,017.43 209,017.43 Settlement Date CUSIP Description Principal YTM @ Cost
Face Amount /
Action Shares Purchase Price
Interest /
Dividends Total
Begin Date: 8/31/2023, End Date: 9/30/2023 All Portfolios Transaction Summary by Action
City of Paso Robles
15 Attachment 1

City Council Agenda January 16, 2024
Council Agenda Report
From: Catherine Piatti, Finance Manager
Ryan Cornell, Administrative Services Director/City Treasurer Subject: Receipt of Treasurer’s Report – October 2023
CEQA: The city finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Date: January 16, 2024
Facts

1. The City has a fiduciary responsibility to maximize the productive use of its assets entrusted to its care and to manage those public funds wisely and prudently. To achieve this responsibility, the City has an adopted Investment Policy to guide the investment of idle City funds.

2. California Government Code Sections 41004 and 53607 require the City to report certain investment and financial activity each month. As a result, this report presents the fund balances, receipts, and disbursements for the City’s operating cash, investment portfolio, and restricted investments for the month of October 2023. Total investment portfolio assets are shown in the attachment and reflect all investments under the care and control of the city.

3. The investment portfolio contains three components: liquidity funds, short-term and long-term portfolios. The liquidity funds are monies that are generally available to the City with little-to-no notice and include funds held in the Local Agency Investment Fund (LAIF), money markets, and California Asset Management Program (CAMP). The short-term portfolio is made up of fixed income securities that mature in less than one year and the long-term portfolio is made up of fixed income securities whose maturities are greater than one year, but less than five years.

4. PFM Asset Management LLC provides advisory services to the City for the short-term and long-term portfolios; liquidity funds are managed by the Administrative Services Director/City Treasurer.

5. The investment portfolio complies with all State laws and Council policy and provides sufficient liquidity to meet the City’s needs over the next six months.

Options

1. Take no action.

2. Receive and file the Treasurer’s Reports for the month of October 2023.

3. Provide alternative direction to staff.

Analysis and Conclusions
Government Code Section 53607 requires the city to report on investment activity monthly. Additionally, Government Code Section 41004 requires that the City Treasurer submit to the City Clerk and the legislative body a written report and accounting of all receipts, disbursements, and fund balances. As a result, this report presents the fund balances, receipts, and disbursements for the City’s operating cash, investment portfolio, and restricted investments for the month of October 2023. Total investment

City Council Agenda January 16, 2024
portfolio assets are shown in the attachment and reflect all investments under the care and control of the city.

The City’s total investment funds on hand as of October 31, 2023, is shown below. The City Treasurer has certified that all City investments provide sufficient liquidity to meet the City’s cash flow requirements for the next six months and follow all State and Council laws and policies.

As of 10/31/23
Investments Beginning
Fund Balance Receipts Disbursements
Ending Fund
Balance
Market
Value
Operating Cash $1,241,649 $17,674,014 $17,868,219 $1,047,444 $1,047,444 Liquidity 42,350,130 4,496,678 8,500,000 38,346,809 38,346,809 Short / Long Term 89,558,204 5,189,182 146,321 94,601,066 90,564,441 Total Investments 133,149,984 27,359,874 26,514,540 133,995,319 129,958,694 As of 10/31/23
Restricted
Investments
Beginning
Fund Balance Receipts Disbursements Ending Fund Balance Market Value Section 115 Trust 8,915,632 9,444 2,271 8,922,805 8,256,528 OPEB Trust 8,769,527 (191,312)
53,776.91 8,524,438 8,524,438
Bond Trust 1,448,977 6,220 0 1,455,197 1,455,197
Total Restricted $19,134,136 ($175,648) $56,048 $18,902,439 $18,236,162 Fiscal Impact
None
CEQA
The city finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Recommendation
Receive and file the Monthly Treasurer’s Report for October 2023.

Attachments

1. October 2023 Treasurer’s Report.

City Council Agenda January 16, 2024
Security Sector Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity Cash 1,047,444.35 1,047,444.35 1,047,444.35 0.78 0.00 1 Certificate Of Deposit 1,400,000.00 1,400,085.70 1,400,000.00 1.04 5.25 720 Corporate 16,515,000.00 15,699,040.20 16,427,263.60 12.26 3.23 1,032 Local Government Investment Pool 38,346,808.53 38,346,808.53 38,346,808.53 28.62 4.92 1 Money Market 59,262.50 59,262.50 59,262.50 0.04 5.01 1
US Agency 14,050,000.00 13,256,593.02 14,119,641.54 10.54 1.25 582 US Treasury 64,153,000.00 60,149,459.59 62,597,281.72 46.72 2.79 989 Total / Average 135,571,515.38 129,958,693.89 133,997,702.24 100.00 3.30 658 This report presents the City’s investment portfolio as of October 31, 2023. Total portfolio assets are shown in the chart below and reflects all investments under the care and control of the City. It does not include funds held by in trust on behalf of the City; i.e. bond reserve funds, deferred compensation plans, Section 115 Trust plan and other post-retirement benefit funds.

The portfolio contains three components; liquidity funds, short-term and long-term portfolios. The liquidity fund are monies that are generally available to the City with little or no notice. Liquidity funds include Local Agency Investment Fund (LAIF), money market and California Asset Management Program (CAMP). The short-term portfolio is made up of fixed income securities that mature in less than one (1) year and the long-term portfolio is made up of fixed income securities whose maturities are greater than one (1) year and less than five (5) years.

PFM Asset Management LLC (PFM) provides advisory services to the City for the short-term and long-term portfolios. All PFM trades must be approved in advance by the Treasurer. Liquidity funds are managed by the Treasurer.

The investment portfolio is in compliance with all State laws and provides sufficient liquidity to meet the City's needs over the next six months.

Total Funds on hand at October 31, 2023 included the following and are listed be type:

CITY OF PASO ROBLES

MONTHLY TREASURERS REPORT
OCTOBER 31, 2023
1 Attachment 1

City Council Agenda January 16, 2024
Month Market Value Book Value Unrealized Gain/Loss YTM @ Cost YTM @ Market Duration Days To Maturity 11/30/2022 115,418,906.89 119,415,453.39 -3,996,546.50 1.65 3.19 1.22 474 12/31/2022 115,805,166.55 119,766,471.50 -3,961,304.95 1.76 3.33 1.20 466 1/31/2023 123,532,530.78 127,016,497.13 -3,483,966.35 2.02 3.34 1.32 513 2/28/2023 124,798,258.59 129,075,352.79 -4,277,094.20 2.18 3.79 1.39 538 3/31/2023 127,389,806.05 130,426,687.20 -3,036,881.15 2.34 3.57 1.47 569 4/30/2023 128,461,228.13 131,288,963.34 -2,827,735.21 2.37 3.60 1.41 547 5/31/2023 136,691,319.91 139,983,982.34 -3,292,662.43 2.47 3.82 1.56 604 6/30/2023 135,434,000.59 139,431,202.71 -3,997,202.12 2.52 4.08 1.56 607 7/31/2023 132,445,261.95 136,211,153.55 -3,765,891.60 2.61 4.14 1.60 624 8/31/2023 126,053,442.59 129,718,043.00 -3,664,600.41 2.89 4.49 1.64 637 9/30/2023 129,189,459.51 133,151,905.89 -3,962,446.38 3.17 4.82 1.62 635 10/31/2023 129,958,693.89 133,997,702.24 -4,039,008.35 3.31 5.02 1.71 666 Total / Average 127,098,172.95 130,790,284.59 -3,692,111.64 2.46 3.95 1.48 576 Market Value / Book Value Comparison
Begin Date: 11/30/2022, End Date: 10/31/2023 All Portfolios Portfolio Summary by Month
City of Paso Robles
Attachment 1

City Council Agenda January 16, 2024
Security Type Allocation
Security Type
Book Value
9/30/2023
% of Portfolio
9/30/2023
Book Value
10/31/2023
% of Portfolio
10/31/2023
Cash 1,241,649.15 0.93 1,047,444.35 0.78
Corporate Bond 16,427,263.60 12.34 16,427,263.60 12.26
FHLB Bond 1,219,167.03 0.92 1,219,167.03 0.91
FHLMC Bond 6,343,204.13 4.76 7,343,615.96 5.48
FNMA Bond 5,556,858.55 4.17 5,556,858.55 4.15
Local Government Investment Pool 42,350,130.42 31.81 38,346,808.53 28.62 Money Market 8,455.01 0.01 59,262.50 0.04
Negotiable Certificate Of Deposit 1,400,000.00 1.05 1,400,000.00 1.04 Treasury Note 58,605,178.00 44.01 62,597,281.72 46.72
Total / Average 133,151,905.89 100.00 133,997,702.24 100.00 Portfolio Holdings as of 9/30/2023 Portfolio Holdings as of 10/31/2023 Begin Date: 9/30/2023, End Date: 10/31/2023 All Portfolios Distribution by Security Type - Book Value
City of Paso Robles
Attachment 1

City Council Agenda January 16, 2024
Security Type Allocation
Security Type
Market Value
9/30/2023
% of Portfolio
9/30/2023
Market Value
10/31/2023
% of Portfolio
10/31/2023
Cash 1,241,649.15 0.96 1,047,444.35 0.81
Corporate Bond 15,748,992.45 12.19 15,699,040.20 12.08
FHLB Bond 1,159,656.68 0.90 1,162,906.85 0.89
FHLMC Bond 5,959,323.25 4.61 6,968,612.16 5.36
FNMA Bond 5,110,875.54 3.96 5,125,074.01 3.94
Local Government Investment Pool 42,350,130.42 32.78 38,346,808.53 29.51 Money Market 8,455.01 0.01 59,262.50 0.05
Negotiable Certificate Of Deposit 1,397,783.60 1.08 1,400,085.70 1.08 Treasury Note 56,212,593.41 43.51 60,149,459.59 46.28
Total / Average 129,189,459.51 100.00 129,958,693.89 100.00 Portfolio Holdings as of 9/30/2023 Portfolio Holdings as of 10/31/2023 Begin Date: 9/30/2023, End Date: 10/31/2023 All Portfolios Distribution by Security Type - Market Value
City of Paso Robles
Attachment 1

City Council Agenda January 16, 2024
Cash
CASH3004
Pacific Premier Bank Cash
1,047,444.35
12/31/2019

0.00 1,047,444.35
1,047,444.35 100.00

0.00 1,047,444.35

0.00 0.78%
NR
NR
0 1
1 0

0.78%

0.00 1,047,444.35

0.00 1,047,444.35
Sub Total Cash 1,047,444.35 0.00 1,047,444.35
Corporate Bond
02079KAC1
Alphabet Inc 1.998 8/15/2026-26
980,000.00
1/30/2023

4.05 914,163.60
914,163.60 91.92

5.14 4,133.64
900,839.95
-13,323.65

0.68%
S&P-AA+
Moodys-Aa2

2.71 927
023135BC9
Amazon.Com INC 3.15 8/22/2027
370,000.00
11/3/2022

4.81 343,863.20
343,863.20 92.58

5.33 2,233.88
342,537.40
-1,325.80

0.26%
S&P-AA
Moodys-A1

3.59 1391
037833ET3
Apple Inc 4 5/10/2028-28
1,230,000.00
5/18/2023

3.94 1,233,198.00
1,233,198.00 95.33

5.17 23,370.00
1,172,551.83
-60,646.17

0.92%
S&P-AA+
Moodys-Aaa

4.09 1623
06051GJS9
Bank of America Corp Var. Corp 7/22/2027 -
26 495,000.00
8/4/2022

1.73 446,381.10
446,381.10 88.24

1.73 2,360.41
436,812.64
-9,568.46

0.33%
S&P-AMoodys-A2
0 995
06051GKM0
Bank of America Var. Corp 4/2/2026 -25
475,000.00
3/22/2022

3.38 475,000.00
475,000.00 95.79

3.38 1,294.85
454,979.89
-20,020.11

0.35%
S&P-AMoodys-A2
0 519
14913R3B1
Caterpillar Finl Svcs Corp 4.8 1/6/2026-25
600,000.00
1/27/2023

4.32 607,812.00
607,812.00 98.63

5.47 9,200.00
591,791.49
-16,020.51

0.45%
S&P-A
Moodys-A2

2.07 767
17325FBB3
Citibank 5.803 9/29/2028-28
1,345,000.00
9/29/2023

5.80 1,345,000.00
1,345,000.00 98.82

6.08 6,937.81
1,329,121.44
-15,878.56
1%
S&P-A+
Moodys-Aa3

4.32 1764
427866BH0
Hershey Company 4.25 5/4/2028-28
615,000.00
5/18/2023

4.07 619,969.20
619,969.20 96.02

5.25 12,850.94
590,548.00
-29,421.20

0.46%
S&P-AA+
Moodys-Aaa

4.05 1617
437076BT8
Home Depot Inc 2.8 9/14/2027-27
650,000.00
1/30/2023

4.16 613,210.00
613,210.00 90.97

5.42 2,376.11
591,286.94
-21,923.06

0.46%
S&P-A
Moodys-A2

3.67 1322
4581X0DZ8
IBRD | Supranational 0.5 9/23/2024
870,000.00
9/23/2021

0.53 869,356.20
869,356.20 95.58

5.64 459.17
831,547.37
-37,808.83

0.65%

S&P-AAA
Moodys-Aaa

0.89 328
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 10/31/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
5 Attachment 1

City Council Agenda January 16, 2024
458140BP4
INTEL CORP 3.4 3/25/2025-25
435,000.00
5/20/2020

1.00 484,220.25
484,220.25 97.00

5.66 1,479.00
421,951.33
-62,268.92

0.36%
S&P-A+
Moodys-A1

1.37 483
24422EXB0
John Deere Capital 4.95 7/14/2028
125,000.00
7/14/2023

4.64 126,700.00
126,700.00 97.60

5.53 1,839.06
122,000.87
-4,699.13

0.09%
S&P-A
Moodys-A2

4.18 1718
24422EXB0
John Deere Capital 4.95 7/14/2028
290,000.00
7/14/2023

4.98 289,567.90
289,567.90 97.60

5.53 4,266.62
283,042.02
-6,525.88

0.22%
S&P-A
Moodys-A2

4.18 1718
24422EXB0
John Deere Capital 4.95 7/14/2028
225,000.00
7/18/2023

4.73 227,205.00
227,205.00 97.60

5.53 3,310.31
219,601.56
-7,603.44

0.17%
S&P-A
Moodys-A2

4.18 1718
478160CN2
Johnson & Johnson 0.55 9/1/2025-25
440,000.00
9/24/2020

0.49 441,262.80
441,262.80 91.84

5.28 403.33
404,076.20
-37,186.60

0.33%

S&P-AAA
Moodys-Aaa

1.82 640
46647PCW4
JP Morgan Chase & CO 2.947 2/24/2028-27
350,000.00
9/18/2023

5.13 320,029.50
320,029.50 90.07

5.57 1,919.64
315,231.36
-4,798.14

0.24%
S&P-AMoodys-A1

4.04 1212
46625HJX9
JP Morgan Chase & Co 3.625 5/13/2024
475,000.00
9/24/2020

0.64 525,877.25
525,877.25 98.74

6.05 8,035.42
469,033.38
-56,843.87

0.39%
S&P-AMoodys-A2

0.52 195
57636QAN4
Mastercard INC 2 3/3/2025-25
440,000.00
3/17/2021

0.92 458,440.40
458,440.40 95.57

5.48 1,417.78
420,492.56
-37,947.84

0.34%
S&P-A+
Moodys-A1

1.32 461
594918BB9
Microsoft Corp 2.7 2/12/2025-24
1,000,000.00
3/17/2021

0.93 1,067,560.00
1,067,560.00 96.73

5.37 5,925.00
967,293.35
-100,266.65

0.8%

S&P-AAA
Moodys-Aaa

1.26 378
69371RS56
Paccar Finanical 5.05 8/10/2026
650,000.00
8/11/2023

4.88 652,990.00
652,990.00 99.36

5.30 7,385.62
645,840.49
-7,149.51

0.49%
S&P-A+
Moodys-A1

2.6 1014
713448CT3
Pepsico INC 2.75 4/30/2025-25
425,000.00
3/17/2021

1.00 454,869.00
454,869.00 96.16

5.45 0.00
408,662.01
-46,206.99

0.34%
S&P-A+
Moodys-A1

1.48 457
717081ES8
Pfizer Inc 2.95 3/15/2024-24
965,000.00
6/5/2019

2.38 989,887.35
989,887.35 98.97

5.77 3,637.51
955,012.57
-34,874.78

0.74%
S&P-AAMoodys-A1

0.37 107
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 10/31/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
6 Attachment 1

City Council Agenda January 16, 2024
69353RFG8
PNC Bank NA 3.1 10/25/2027
735,000.00
12/8/2022

4.39 693,884.10
693,884.10 89.17

6.21 379.75
655,405.85
-38,478.25

0.52%
S&P-A
Moodys-A2

3.76 1455
857477BM4
State Street Corp Var. Corp 3/30/2026 -25
625,000.00
3/17/2022

2.90 626,225.00
626,225.00 95.30

2.90 1,510.94
595,623.16
-30,601.84

0.47%
S&P-A
Moodys-A1
0 516
89236TGT6
TOYOTA MOTOR CREDIT CORP 1.8
2/13/2025
275,000.00
5/26/2020

1.58 277,686.75
277,686.75 95.29

5.65 1,072.50
262,052.09
-15,634.66

0.21%
S&P-AAMoodys-A1

1.27 471
89236TLB9
Toyota Motor Credit Corp 5.25 9/11/2028
400,000.00
9/11/2023

5.29 399,304.00
399,304.00 98.43

5.62 2,916.67
393,719.97
-5,584.03

0.3%
S&P-A+
Moodys-A1

4.32 1777
931142ER0
Walmart Inc 1.05 9/17/2026-26
1,030,000.00
1/30/2023

4.14 923,601.00
923,601.00 89.12

5.17 1,321.83
917,984.48
-5,616.52

0.69%
S&P-AA
Moodys-Aa2

2.84 1021
960

2.38 12.26%
-728,223.40
15,699,040.20

5.26 112,037.79
16,427,263.60
Sub Total Corporate Bond 16,515,000.00 3.23 16,427,263.60 FHLB Bond
3130AJHU6
FHLB 0.5 4/14/2025
620,000.00
4/16/2020

0.60 616,924.80
616,924.80 93.42

5.26 146.39
579,213.28
-37,711.52

0.46%
S&P-AA+
Moodys-Aaa

1.45 531
3130A0F70
FHLB 3.375 12/8/2023
585,000.00
1/31/2019

2.72 602,242.23
602,242.23 99.78

5.49 7,842.66
583,693.57
-18,548.66

0.45%
S&P-AA+
Moodys-Aaa

0.1 38
287

0.78 0.91%
-56,260.18
1,162,906.85

5.37 7,989.05
1,219,167.03
Sub Total FHLB Bond 1,205,000.00 1.65 1,219,167.03
FHLMC Bond
3137EAFA2
FHLMC 0.25 12/4/2023
465,000.00
12/4/2020

0.28 464,539.65
464,539.65 99.50

5.73 474.69
462,675.79
-1,863.86

0.35%
S&P-AA+
Moodys-Aaa

0.09 34
3134GXBL7
FHLMC 0.3 11/16/2023-22
500,000.00
11/16/2020

0.33 499,600.00
499,600.00 99.78

5.68 687.50
498,880.03
-719.97

0.37%
S&P-AA+
Moodys-Aaa

0.04 16
3137EAEU9
FHLMC 0.375 7/21/2025
575,000.00
7/23/2020

0.48 572,136.50
572,136.50 92.27

5.12 598.96
530,551.55
-41,584.95

0.43%
S&P-AA+
Moodys-Aaa

1.72 629
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 10/31/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
7 Attachment 1

City Council Agenda January 16, 2024
3137EAEX3
FHLMC 0.375 9/23/2025
855,000.00
9/25/2020

0.44 852,426.45
852,426.45 91.45

5.17 338.44
781,865.76
-70,560.69

0.64%
S&P-AA+
Moodys-Aaa

1.89 693
3137EAEP0
FHLMC 1.5 2/12/2025
1,365,000.00
2/14/2020

1.52 1,363,948.95
1,363,948.95 95.30

5.34 4,493.13
1,300,884.56
-63,064.39

1.02%
S&P-AA+
Moodys-Aaa

1.27 470
3137EAEP0
FHLMC 1.5 2/12/2025
1,905,000.00
6/8/2020

0.56 1,987,715.10
1,987,715.10 95.30

5.34 6,270.63
1,815,520.20
-172,194.90

1.48%
S&P-AA+
Moodys-Aaa

1.27 470
3134H1BW2
FHLMC 6 9/18/2026
1,000,000.00
10/10/2023

6.00 999,950.00
999,950.00 99.41

6.23 7,166.67
994,064.07
-5,885.93

0.75%
S&P-AA+
Moodys-Aaa

2.67 1053
3137BTUMI
FHLMC MBS 3.347 11/25/2026
620,000.00
5/24/2023

4.31 603,299.31
600,915.63 94.22

5.34 1,729.28
584,170.20
-19,129.11

0.45%
S&P-AA+
Moodys-Aaa

2.68 1121
583

1.53 5.49%
-375,003.80
6,968,612.16

5.47 21,759.30
7,341,232.28
Sub Total FHLMC Bond 7,285,000.00 1.73 7,343,615.96
FNMA Bond
3135G05X7
FNMA 0.375 8/25/2025
600,000.00
10/16/2020

0.45 597,972.00
597,972.00 91.74

5.20 412.50
550,419.80
-47,552.20

0.45%
S&P-AA+
Moodys-Aaa

1.81 664
3135G06G3
FNMA 0.5 11/7/2025
900,000.00
11/12/2020

0.57 896,778.00
896,778.00 91.16

5.17 2,175.00
820,465.82
-76,312.18

0.67%
S&P-AA+
Moodys-Aaa
2 738
3135G06G3
FNMA 0.5 11/7/2025
500,000.00
11/16/2020

0.53 499,250.00
499,250.00 91.16

5.17 1,208.33
455,814.35
-43,435.65

0.37%
S&P-AA+
Moodys-Aaa
2 738
3135G06G3
FNMA 0.5 11/7/2025
570,000.00
12/4/2020

0.52 569,481.30
569,481.30 91.16

5.17 1,377.50
519,628.35
-49,852.95

0.42%
S&P-AA+
Moodys-Aaa
2 738
3135G04Z3
FNMA 0.5 6/17/2025
990,000.00
6/19/2020

0.54 987,950.70
987,950.70 92.74

5.21 1,842.50
918,126.56
-69,824.14

0.74%
S&P-AA+
Moodys-Aaa

1.62 595
3135G04Z3
FNMA 0.5 6/17/2025
1,235,000.00
8/5/2020

0.38 1,242,002.45
1,242,002.45 92.74

5.21 2,298.47
1,145,339.69
-96,662.76

0.93%
S&P-AA+
Moodys-Aaa

1.62 595
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 10/31/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
8 Attachment 1

City Council Agenda January 16, 2024
3135G03U5
FNMA 0.625 4/22/2025
765,000.00
4/24/2020

0.67 763,424.10
763,424.10 93.50

5.26 119.53
715,279.44
-48,144.66

0.57%
S&P-AA+
Moodys-Aaa

1.47 539
645

1.75 4.15%
-431,784.54
5,125,074.01

5.20 9,433.83
5,556,858.55
Sub Total FNMA Bond 5,560,000.00 0.51 5,556,858.55
Local Government Investment Pool
CAMP1001

CAMP LGIP
25,424,317.79
12/31/2019

5.56 25,424,317.79
25,424,317.79 100.00

5.56 25,424,317.79

0.00 18.97%
NR
NR
0 1
LAIF0271

LAIF LGIP
12,922,490.74
12/31/2019

3.67 12,922,490.74
12,922,490.74 100.00

3.67 12,922,490.74

0.00 9.64%
NR
NR
0 1
1 0

28.61%

0.00 38,346,808.53

4.92 38,346,808.53
Sub Total Local Government Investment 38,346,808.53 4.92 38,346,808.53 Pool
Money Market
MM9730
Zions Bank MM
59,262.50
2/1/2020

5.01 59,262.50
59,262.50 100.00

5.01 59,262.50

0.00 0.04%
NR
NR
0 1
1 0

0.04%

0.00 59,262.50

5.01 59,262.50
Sub Total Money Market 59,262.50 5.01 59,262.50
Negotiable Certificate Of Deposit
21684LGS5
Cooperatieve Centrale 5.08 7/17/2026
800,000.00
7/20/2023

5.08 800,000.00
800,000.00 100.17

5.02 11,468.27
801,376.38
1,376.38

0.6%
FDIC Insured
FDIC Insured

2.53 990
89115B6F2
Toronto Dominion Bank NY 5.47 10/25/2024
600,000.00
10/31/2022

5.47 600,000.00
600,000.00 99.78

5.70 547.00
598,709.32
-1,290.68

0.45%
None
S&P-A0.98
360
720

1.87 1.05%

85.70 1,400,085.70

5.31 12,015.27
1,400,000.00
Sub Total Negotiable Certificate Of 1,400,000.00 5.25 1,400,000.00 Deposit
Treasury Note
91282CAT8
T-Note 0.25 10/31/2025
1,550,000.00
10/6/2021

0.78 1,517,062.50
1,517,062.50 90.92

5.08 0.00
1,409,228.52
-107,833.98

1.13%
S&P-AA+
Moodys-Aaa
2 731
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 10/31/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
9 Attachment 1

City Council Agenda January 16, 2024
91282CAJ0
T-Note 0.25 8/31/2025
1,730,000.00
8/4/2021

0.52 1,711,280.86
1,711,280.86 91.55

5.14 724.79
1,583,896.10
-127,384.76

1.28%
S&P-AA+
Moodys-Aaa

1.83 670
91282CAM3
T-Note 0.25 9/30/2025
1,340,000.00
9/8/2021

0.67 1,317,544.53
1,317,544.53 91.27

5.09 283.74
1,223,011.72
-94,532.81

0.98%
S&P-AA+
Moodys-Aaa

1.91 700
91282CBH3
T-Note 0.375 1/31/2026
635,000.00
7/7/2021

0.80 622,796.09
622,796.09 90.23

5.02 595.31
572,938.67
-49,857.42

0.46%
S&P-AA+
Moodys-Aaa

2.24 823
91282CBH3
T-Note 0.375 1/31/2026
1,700,000.00
1/6/2022

1.27 1,639,703.13
1,639,703.13 90.23

5.02 1,593.75
1,533,851.55
-105,851.58

1.22%
S&P-AA+
Moodys-Aaa

2.24 823
91282CBH3
T-Note 0.375 1/31/2026
765,000.00
2/22/2022

1.82 723,193.95
723,193.95 90.23

5.02 717.19
690,233.20
-32,960.75

0.54%
S&P-AA+
Moodys-Aaa

2.24 823
91282CBH3
T-Note 0.375 1/31/2026
1,105,000.00
5/4/2022

2.95 1,004,859.38
1,004,859.38 90.23

5.02 1,035.94
997,003.51
-7,855.87

0.75%
S&P-AA+
Moodys-Aaa

2.24 823
91282CAZ4
T-Note 0.375 11/30/2025
1,460,000.00
11/3/2021

1.01 1,422,872.66
1,422,872.66 90.84

5.06 2,288.73
1,326,318.75
-96,553.91

1.06%
S&P-AA+
Moodys-Aaa

2.07 761
91282CAZ4
T-Note 0.375 11/30/2025
1,050,000.00
3/9/2022

1.78 997,171.88
997,171.88 90.84

5.06 1,646.00
953,859.38
-43,312.50

0.74%
S&P-AA+
Moodys-Aaa

2.07 761
91282CAU5
T-Note 0.5 10/31/2027
2,170,000.00
1/6/2023

3.91 1,847,975.39
1,847,975.39 84.28

4.87 0.00
1,828,903.13
-19,072.26

1.38%
S&P-AA+
Moodys-Aaa

3.96 1461
91282CBQ3
T-Note 0.5 2/28/2026
1,680,000.00
3/5/2021

0.71 1,662,609.38
1,662,609.38 90.21

5.00 1,407.69
1,515,609.38
-147,000.00

1.24%
S&P-AA+
Moodys-Aaa

2.32 851
91282CBQ3
T-Note 0.5 2/28/2026
1,635,000.00
12/7/2021

1.16 1,590,867.77
1,590,867.77 90.21

5.00 1,369.99
1,475,012.70
-115,855.07

1.19%
S&P-AA+
Moodys-Aaa

2.32 851
912828ZN3
T-Note 0.5 4/30/2027
610,000.00
8/4/2022

2.89 545,973.83
545,973.83 86.05

4.88 0.00
524,933.60
-21,040.23

0.41%
S&P-AA+
Moodys-Aaa

3.47 1277
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 10/31/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
10 Attachment 1

City Council Agenda January 16, 2024
912828ZV5
T-Note 0.5 6/30/2027
840,000.00
8/10/2022

2.99 745,434.38
745,434.38 85.49

4.87 1,403.80
718,134.38
-27,300.00

0.56%
S&P-AA+
Moodys-Aaa

3.63 1338
91282CCF6
T-Note 0.75 5/31/2026
1,210,000.00
6/4/2021

0.82 1,206,171.48
1,206,171.48 89.92

4.96 3,793.65
1,088,054.69
-118,116.79

0.9%
Moodys-Aaa
S&P-AA+

2.55 943
91282CCF6
T-Note 0.75 5/31/2026
905,000.00
6/8/2022

2.99 829,418.36
829,418.36 89.92

4.96 2,837.40
813,792.97
-15,625.39

0.62%
Moodys-Aaa
S&P-AA+

2.55 943
91282CCZ2
T-Note 0.875 9/30/2026
1,075,000.00
4/7/2022

2.77 989,797.85
989,797.85 89.28

4.86 796.70
959,731.45
-30,066.40

0.74%
S&P-AA+
Moodys-Aaa

2.88 1065
91282CDS7
T-Note 1.125 1/15/2025
1,010,000.00
3/9/2022

1.70 994,021.48
994,021.48 95.13

5.35 3,334.65
960,762.50
-33,258.98

0.74%
S&P-AA+
Moodys-Aaa

1.2 442
91282CDS7
T-Note 1.125 1/15/2025
600,000.00
5/5/2022

3.01 570,984.38
570,984.38 95.13

5.35 1,980.98
570,750.00
-234.38

0.43%
S&P-AA+
Moodys-Aaa

1.2 442
91282CDQ1
T-Note 1.25 12/31/2026
1,385,000.00
1/30/2023

3.71 1,262,027.15
1,262,027.15 89.52

4.86 5,786.51
1,239,899.62
-22,127.53

0.94%
S&P-AA+
Moodys-Aaa

3.1 1157
91282CDQ1
T-Note 1.25 12/31/2026
2,760,000.00
2/10/2023

3.95 2,494,026.56
2,494,026.56 89.52

4.86 11,531.25
2,470,846.89
-23,179.67

1.86%
S&P-AA+
Moodys-Aaa

3.1 1157
91282CDZ1
T-Note 1.5 2/15/2025
925,000.00
7/13/2023

5.12 874,377.93
874,377.93 95.27

5.34 2,903.19
881,207.03
6,829.10

0.65%
S&P-AA+
Moodys-Aaa

1.28 473
91282CEA5
T-Note 1.5 2/29/2024
1,000,000.00
3/9/2022

1.53 999,453.13
999,453.13 98.71

5.43 2,513.74
987,109.38
-12,343.75

0.75%
S&P-AA+
Moodys-Aaa

0.33 121
912828YH7
T-Note 1.5 9/30/2024
430,000.00
3/4/2021

0.41 446,645.70
446,645.70 96.49

5.48 546.31
414,916.41
-31,729.29

0.33%
S&P-AA+
Moodys-Aaa

0.91 335
9128287B0
T-Note 1.875 6/30/2026
1,620,000.00
5/18/2023

3.69 1,533,937.50
1,533,937.50 92.50

4.91 10,152.51
1,498,563.28
-35,374.22

1.14%
S&P-AA+
Moodys-Aaa

2.59 973
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 10/31/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
11 Attachment 1

City Council Agenda January 16, 2024
9128282U3
T-Note 1.875 8/31/2024
1,050,000.00
9/12/2019

1.54 1,066,611.33
1,066,611.33 97.06

5.53 3,299.28
1,019,156.25
-47,455.08

0.8%
S&P-AA+
Moodys-Aaa

0.83 305
912828XX3
T-Note 2 6/30/2024
985,000.00
7/3/2019

1.78 995,157.81
995,157.81 97.72

5.53 6,584.51
962,568.16
-32,589.65

0.74%
S&P-AA+
Moodys-Aaa

0.66 243
912828W48
T-Note 2.125 2/29/2024
1,210,000.00
4/21/2021

0.31 1,272,579.69
1,272,579.69 98.91

5.44 4,308.96
1,196,812.89
-75,766.80

0.95%
S&P-AA+
Moodys-Aaa

0.33 121
912828W71
T-Note 2.125 3/31/2024
975,000.00
1/7/2020

1.61 995,452.15
995,452.15 98.64

5.47 1,754.87
961,708.01
-33,744.14

0.74%
S&P-AA+
Moodys-Aaa

0.42 152
912828V98
T-Note 2.25 2/15/2027
1,155,000.00
7/7/2022

2.85 1,125,132.42
1,125,132.42 92.10

4.88 5,437.60
1,063,773.04
-61,359.38

0.84%
S&P-AA+
Moodys-Aaa

3.17 1203
9128282R0
T-Note 2.25 8/15/2027
2,180,000.00
9/6/2022

3.40 2,066,827.34
2,066,827.34 91.00

4.88 10,263.18
1,983,885.15
-82,942.19

1.54%
S&P-AA+
Moodys-Aaa

3.63 1384
9128286G0
T-Note 2.375 2/29/2024
993,000.00
8/12/2021

0.34 1,044,279.14
1,044,279.14 98.98

5.46 3,952.22
982,914.84
-61,364.30

0.78%
S&P-AA+
Moodys-Aaa

0.33 121
912828D56
T-Note 2.375 8/15/2024
535,000.00
9/25/2019

1.56 555,334.18
555,334.18 97.59

5.52 2,658.64
522,126.56
-33,207.62

0.41%
S&P-AA+
Moodys-Aaa

0.78 289
9128286A3
T-Note 2.625 1/31/2026
805,000.00
2/8/2021

0.46 890,625.59
890,625.59 94.94

5.03 5,282.81
764,278.32
-126,347.27

0.66%
S&P-AA+
Moodys-Aaa

2.18 823
91282CEN7
T-Note 2.75 4/30/2027
1,285,000.00
5/5/2023

3.50 1,249,260.94
1,249,260.94 93.22

4.88 0.00
1,197,860.94
-51,400.00

0.93%
S&P-AA+
Moodys-Aaa

3.35 1277
91282CGH8
T-Note 3.5 1/31/2028
1,755,000.00
6/5/2023

3.76 1,735,461.91
1,735,461.91 94.85

4.85 15,356.25
1,664,644.91
-70,817.00

1.3%
S&P-AA+
Moodys-Aaa

3.94 1553
91282CHA2
T-Note 3.5 4/30/2028
485,000.00
5/1/2023

3.60 482,821.29
482,821.29 94.66

4.84 0.00
459,101.76
-23,719.53

0.36%
S&P-AA+
Moodys-Aaa

4.19 1643
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 10/31/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
12 Attachment 1

City Council Agenda January 16, 2024
91282CGT2
T-Note 3.625 3/31/2028
1,230,000.00
5/5/2023

3.41 1,241,963.67
1,241,963.67 95.20

4.84 3,776.54
1,170,998.44
-70,965.23

0.93%
S&P-AA+
Moodys-Aaa

4.1 1613
91282CGV7
T-Note 3.75 4/15/2026
1,240,000.00
5/5/2023

3.63 1,244,262.50
1,244,262.50 97.19

4.98 2,032.79
1,205,173.43
-39,089.07

0.93%
S&P-AA+
Moodys-Aaa

2.36 897
91282CGE5
T-Note 3.875 1/15/2026
2,500,000.00
2/10/2023

4.12 2,483,398.44
2,483,398.44 97.60

5.04 28,430.71
2,439,941.40
-43,457.04

1.85%
None
None

2.11 807
91282CGX3
T-Note 3.875 4/30/2025
1,250,000.00
5/5/2023

3.93 1,248,779.30
1,248,779.30 98.05

5.25 0.00
1,225,585.94
-23,193.36

0.93%
S&P-AA+
Moodys-Aaa

1.47 547
91282CGL9
T-Note 4 2/15/2026
2,535,000.00
3/6/2023

4.61 2,493,014.06
2,493,014.06 97.82

5.02 21,216.85
2,479,744.91
-13,269.15

1.86%
None
Moodys-Aaa

2.19 838
91282CGP0
T-Note 4 2/29/2028
2,525,000.00
3/6/2023

4.26 2,495,706.05
2,495,706.05 96.73

4.84 16,925.82
2,442,542.97
-53,163.08

1.86%
S&P-AA+
Moodys-Aaa

3.99 1582
91282CHK0
T-Note 4 6/30/2028
115,000.00
7/3/2023

4.17 114,133.01
114,133.01 96.58

4.83 1,537.50
111,069.34
-3,063.67

0.09%
S&P-AA+
Moodys-Aaa

4.24 1704
91282CHK0
T-Note 4 6/30/2028
775,000.00
7/10/2023

4.34 763,253.91
763,253.91 96.58

4.83 10,361.41
748,510.74
-14,743.17

0.57%
S&P-AA+
Moodys-Aaa

4.24 1704
91282CFM8
T-Note 4.125 9/30/2027
1,500,000.00
5/18/2023

3.57 1,533,515.63
1,533,515.63 97.37

4.87 5,240.78
1,460,507.82
-73,007.81

1.14%
S&P-AA+
Moodys-Aaa

3.64 1430
91282CFM8
T-Note 4.125 9/30/2027
2,045,000.00
10/10/2023

4.76 1,998,588.09
1,998,588.09 97.37

4.87 7,144.93
1,991,158.99
-7,429.10

1.49%
S&P-AA+
Moodys-Aaa

3.64 1430
91282CHX2
T-Note 4.375 8/31/2028
710,000.00
9/13/2023

4.42 708,474.61
708,474.61 98.13

4.81 5,205.53
696,742.97
-11,731.64

0.53%
None
None

4.37 1766
91282CJA0
T-Note 4.625 9/30/2028
2,000,000.00
10/10/2023

4.70 1,993,515.63
1,993,515.63 99.13

4.83 7,410.22
1,982,656.24
-10,859.39

1.49%
Moodys-Aaa
None

4.43 1796
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 10/31/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
13 Attachment 1

City Council Agenda January 16, 2024
912810FB9
T-Note 6.125 11/15/2027
1,125,000.00
1/30/2023

3.60 1,248,925.78
1,248,925.78 104.66

4.84 31,644.45
1,177,426.76
-71,499.02

0.93%
None
Moodys-Aaa

3.56 1476
989

2.59 46.69%
-2,447,822.13
60,149,459.59

5.02 259,069.67
62,597,281.72
Sub Total Treasury Note 64,153,000.00 2.79 62,597,281.72 TOTAL PORTFOLIO 135,571,515.38 3.30 133,997,702.24
133,995,318.56

5.02 422,304.91
129,958,693.89
-4,039,008.35
100.00%

1.68 649
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 10/31/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
14 Attachment 1

City Council Agenda January 16, 2024
Buy Transactions
Buy 10/10/2023 3134H1BW2 1,000,000.00 FHLMC 6 9/18/2026 100.00 999,950.00 3,666.67 6.00 1,003,616.67 Buy 10/10/2023 91282CFM8 2,045,000.00 T-Note 4.125 9/30/2027 97.73 1,998,588.09 2,304.82 4.76 2,000,892.91 Buy 10/10/2023 91282CJA0 2,000,000.00 T-Note 4.625 9/30/2028 99.68 1,993,515.63 2,527.32 4.70 1,996,042.95 Subtotal 5,045,000.00 4,992,053.72 8,498.81 5,000,552.53 Deposit 10/2/2023 MM9730 89.99 Zions Bank MM 100.00 89.99 0.00 0.00 89.99 Deposit 10/31/2023 LAIF0271 292,153.18 LAIF LGIP 100.00 292,153.18 0.00 0.00 292,153.18 Deposit 10/31/2023 CAMP1001 104,524.93 CAMP LGIP 100.00 104,524.93 0.00 0.00 104,524.93 Deposit 10/31/2023 CAMP1001 4,100,000.00 CAMP LGIP 100.00 4,100,000.00 0.00 0.00 4,100,000.00 Deposit 10/31/2023 MM9730 59,262.50 Zions Bank MM 100.00 59,262.50 0.00 0.00 59,262.50 Subtotal 4,556,030.60 4,556,030.60 0.00 4,556,030.60
Total Buy Transactions 9,601,030.60 9,548,084.32 8,498.81 9,556,583.13 Interest/Dividends
Interest 10/1/2023 3137BTUMI 0.00 FHLMC MBS 3.347 11/25/2026 0.00 1,729.28 0.00 1,729.28 Interest 10/2/2023 06051GKM0 0.00 Bank of America Var. Corp 4/2/2026 -25 0.00 8,037.00 0.00 8,037.00 Interest 10/2/2023 MM9730 0.00 Zions Bank MM 0.00 89.99 0.00 89.99 Interest 10/14/2023 3130AJHU6 0.00 FHLB 0.5 4/14/2025 0.00 1,550.00 0.00 1,550.00 Interest 10/15/2023 91282CGV7 0.00 T-Note 3.75 4/15/2026 0.00 23,250.00 0.00 23,250.00 Interest 10/22/2023 3135G03U5 0.00 FNMA 0.625 4/22/2025 0.00 2,390.63 0.00 2,390.63 Interest 10/25/2023 69353RFG8 0.00 PNC Bank NA 3.1 10/25/2027 0.00 11,392.50 0.00 11,392.50 Toronto Dominion Bank NY 5.47
10/25/2024
Interest 10/25/2023 89115B6F2 0.00 0.00 32,728.83 0.00 32,728.83 Interest 10/30/2023 713448CT3 0.00 Pepsico INC 2.75 4/30/2025-25 0.00 5,843.75 0.00 5,843.75 Interest 10/31/2023 91282CHA2 0.00 T-Note 3.5 4/30/2028 0.00 8,487.50 0.00 8,487.50 Interest 10/31/2023 912828ZN3 0.00 T-Note 0.5 4/30/2027 0.00 1,525.00 0.00 1,525.00 Interest 10/31/2023 LAIF0271 0.00 LAIF LGIP 0.00 292,153.18 0.00 292,153.18 Interest 10/31/2023 91282CAU5 0.00 T-Note 0.5 10/31/2027 0.00 5,425.00 0.00 5,425.00 Interest 10/31/2023 91282CGX3 0.00 T-Note 3.875 4/30/2025 0.00 24,218.75 0.00 24,218.75 Settlement Date CUSIP Description Principal YTM @ Cost
Face Amount /
Action Shares Purchase Price
Interest /
Dividends Total
Begin Date: 9/30/2023, End Date: 10/31/2023 All Portfolios Transaction Summary by Action
City of Paso Robles
15 Attachment 1

City Council Agenda January 16, 2024
Interest 10/31/2023 91282CAT8 0.00 T-Note 0.25 10/31/2025 0.00 1,937.50 0.00 1,937.50 Interest 10/31/2023 CAMP1001 0.00 CAMP LGIP 0.00 104,524.93 0.00 104,524.93 Interest 10/31/2023 91282CEN7 0.00 T-Note 2.75 4/30/2027 0.00 17,668.75 0.00 17,668.75 Subtotal 0.00 0.00 542,952.59 542,952.59
Total Interest/Dividends 0.00 0.00 542,952.59 542,952.59 Sell Transactions
Withdraw 10/3/2023 MM9730 8,545.00 Zions Bank MM 0.00 8,545.00 0.00 0.00 8,545.00 Withdraw 10/31/2023 LAIF0271 8,500,000.00 LAIF LGIP 0.00 8,500,000.00 0.00 0.00 8,500,000.00 Withdraw 10/31/2023 CASH3004 194,204.80 Pacific Premier Bank Cash 0.00 194,204.80 0.00 0.00 194,204.80 Subtotal 8,702,749.80 8,702,749.80 0.00 8,702,749.80
Total Sell Transactions 8,702,749.80 8,702,749.80 0.00 8,702,749.80 Settlement Date CUSIP Description Principal YTM @ Cost
Face Amount /
Action Shares Purchase Price
Interest /
Dividends Total
Begin Date: 9/30/2023, End Date: 10/31/2023 All Portfolios Transaction Summary by Action
City of Paso Robles
16 Attachment 1

City Council Agenda January 16, 2024
Council Agenda Report
From: Catherine Piatti, Finance Manager
Ryan Cornell, Administrative Services Director/City Treasurer Subject: Receipt of Treasurer’s Report – November 2023
CEQA: The city finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Date: January 16, 2024
Facts

1. The City has a fiduciary responsibility to maximize the productive use of its assets entrusted to its care and to manage those public funds wisely and prudently. To achieve this responsibility, the City has an adopted Investment Policy to guide the investment of idle City funds.

2. California Government Code Sections 41004 and 53607 require the City to report certain investment and financial activity each month. As a result, this report presents the fund balances, receipts, and disbursements for the City’s operating cash, investment portfolio, and restricted investments for the month of November 2023. Total investment portfolio assets are shown in the attachment and reflect all investments under the care and control of the city.

3. The investment portfolio contains three components: liquidity funds, short-term and long-term portfolios. The liquidity funds are monies that are generally available to the City with little-to-no notice and include funds held in the Local Agency Investment Fund (LAIF), money markets, and California Asset Management Program (CAMP). The short-term portfolio is made up of fixed income securities that mature in less than one year and the long-term portfolio is made up of fixed income securities whose maturities are greater than one year, but less than five years.

4. PFM Asset Management LLC provides advisory services to the City for the short-term and long-term portfolios; liquidity funds are managed by the Administrative Services Director/City Treasurer.

5. The investment portfolio complies with all State laws and Council policy and provides sufficient liquidity to meet the City’s needs over the next six months.

Options

1. Take no action.

2. Receive and file the Treasurer’s Reports for the month of November 2023.

3. Provide alternative direction to staff.

Analysis and Conclusions
Government Code Section 53607 requires the city to report on investment activity monthly. Additionally, Government Code Section 41004 requires that the City Treasurer submit to the City Clerk and the legislative body a written report and accounting of all receipts, disbursements, and fund balances. As a result, this report presents the fund balances, receipts, and disbursements for the City’s operating cash, investment portfolio, and restricted investments for the month of November 2023. Total investment

City Council Agenda January 16, 2024
portfolio assets are shown in the attachment and reflect all investments under the care and control of the city.

The City’s total investment funds on hand as of November 30, 2023, is shown below. The City Treasurer has certified that all City investments provide sufficient liquidity to meet the City’s cash flow requirements for the next six months and follow all State and Council laws and policies.

As of 11/30/23
Investments Beginning
Fund Balance Receipts Disbursements
Ending Fund
Balance Market Value
Operating Cash $1,047,444 $13,050,865 $12,886,351 $1,211,958 $1,211,958 Liquidity 38,346,809 5,923,313 2,450,000 41,820,121 41,820,121 Short / Long Term 94,601,066 2,044,279 2,110,020 94,535,324 91,691,771 Total Investments 133,995,319 21,018,456 17,446,371 137,567,404 134,723,850 As of 11/30/23
Restricted
Investments
Beginning
Fund Balance Receipts Disbursements Ending Fund Balance Market Value Section 115 Trust 8,922,805 131,501 107,048 8,947,259 8,868,713 OPEB Trust 8,524,438 730,981
-
9,255,418 9,255,418
Bond Trust 1,455,197 74,422 0 1,529,618 1,529,618
Total Restricted $18,902,439 $936,903 $107,048 $19,732,295 $19,653,749 Fiscal Impact
None
CEQA
The city finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Recommendation
Receive and file the Monthly Treasurer’s Report for November 2023.

Attachments

1. November 2023 Treasurer’s Report.

City Council Agenda January 16, 2024
Security Sector Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity Cash 1,211,958.19 1,211,958.19 1,211,958.19 0.88 0.00 1 Certificate Of Deposit 1,400,000.00 1,403,509.02 1,400,000.00 1.02 5.25 690 Corporate 16,515,000.00 15,962,556.79 16,427,263.60 11.94 3.23 1,002 Local Government Investment Pool 41,820,121.26 41,820,121.26 41,820,121.26 30.40 5.15 1 Money Market 12,637.50 12,637.50 12,637.50 0.01 5.00 1
US Agency 13,085,000.00 12,396,713.35 13,155,948.83 9.56 1.31 593 US Treasury 65,268,000.00 61,916,354.23 63,542,305.15 46.19 2.87 997 Total / Average 139,312,716.95 134,723,850.34 137,570,234.53 100.00 3.46 644 This report presents the City’s investment portfolio as of November 30, 2023. Total portfolio assets are shown in the chart below and reflects all investments under the care and control of the City. It does not include funds held by in trust on behalf of the City; i.e. bond reserve funds, deferred compensation plans, Section 115 Trust plan and other post-retirement benefit funds.

The portfolio contains three components; liquidity funds, short-term and long-term portfolios. The liquidity fund are monies that are generally available to the City with little or no notice. Liquidity funds include Local Agency Investment Fund (LAIF), money market and California Asset Management Program (CAMP). The short-term portfolio is made up of fixed income securities that mature in less than one (1) year and the long-term portfolio is made up of fixed income securities whose maturities are greater than one (1) year and less than five (5) years.

PFM Asset Management LLC (PFM) provides advisory services to the City for the short-term and long-term portfolios. All PFM trades must be approved in advance by the Treasurer. Liquidity funds are managed by the Treasurer.

The investment portfolio is in compliance with all State laws and provides sufficient liquidity to meet the City's needs over the next six months.

Total Funds on hand at November 30, 2023 included the following and are listed be type:

CITY OF PASO ROBLES

MONTHLY TREASURERS REPORT
NOVEMBER 30, 2023
1 Attachment 1

City Council Agenda January 16, 2024
Month Market Value Book Value Unrealized Gain/Loss YTM @ Cost YTM @ Market Duration Days To Maturity 12/31/2022 115,805,166.55 119,766,471.50 -3,961,304.95 1.76 3.33 1.20 466 1/31/2023 123,532,530.78 127,016,497.13 -3,483,966.35 2.02 3.34 1.32 513 2/28/2023 124,798,258.59 129,075,352.79 -4,277,094.20 2.18 3.79 1.39 538 3/31/2023 127,389,806.05 130,426,687.20 -3,036,881.15 2.34 3.57 1.47 569 4/30/2023 128,461,228.13 131,288,963.34 -2,827,735.21 2.37 3.60 1.41 547 5/31/2023 136,691,319.91 139,983,982.34 -3,292,662.43 2.47 3.82 1.56 604 6/30/2023 135,434,000.59 139,431,202.71 -3,997,202.12 2.52 4.08 1.56 607 7/31/2023 132,445,261.95 136,211,153.55 -3,765,891.60 2.61 4.14 1.60 624 8/31/2023 126,053,442.59 129,718,043.00 -3,664,600.41 2.89 4.49 1.64 637 9/30/2023 129,189,459.51 133,151,905.89 -3,962,446.38 3.17 4.82 1.62 635 10/31/2023 129,958,693.89 133,997,702.24 -4,039,008.35 3.31 5.02 1.71 666 11/30/2023 134,723,850.34 137,570,234.53 -2,846,384.19 3.47 4.80 1.68 654 Total / Average 128,706,918.24 132,303,183.02 -3,596,264.78 2.60 4.08 1.52 590 Market Value / Book Value Comparison
Begin Date: 12/31/2022, End Date: 11/30/2023 All Portfolios Portfolio Summary by Month
City of Paso Robles
Attachment 1

City Council Agenda January 16, 2024
Security Type Allocation
Security Type
Book Value
10/31/2023
% of Portfolio
10/31/2023
Book Value
11/30/2023
% of Portfolio
11/30/2023
Cash 1,047,444.35 0.78 1,211,958.19 0.88
Corporate Bond 16,427,263.60 12.26 16,427,263.60 11.94
FHLB Bond 1,219,167.03 0.91 1,219,167.03 0.89
FHLMC Bond 7,343,615.96 5.48 6,379,923.25 4.64
FNMA Bond 5,556,858.55 4.15 5,556,858.55 4.04
Local Government Investment Pool 38,346,808.53 28.62 41,820,121.26 30.40 Money Market 59,262.50 0.04 12,637.50 0.01
Negotiable Certificate Of Deposit 1,400,000.00 1.04 1,400,000.00 1.02 Treasury Note 62,597,281.72 46.72 63,542,305.15 46.19
Total / Average 133,997,702.24 100.00 137,570,234.53 100.00 Portfolio Holdings as of 10/31/2023 Portfolio Holdings as of 11/30/2023 Begin Date: 10/31/2023, End Date: 11/30/2023 All Portfolios Distribution by Security Type - Book Value
City of Paso Robles
Attachment 1

City Council Agenda January 16, 2024
Security Type Allocation
Security Type
Market Value
10/31/2023
% of Portfolio
10/31/2023
Market Value
11/30/2023
% of Portfolio
11/30/2023
Cash 1,047,444.35 0.81 1,211,958.19 0.90
Corporate Bond 15,699,040.20 12.08 15,962,556.79 11.85
FHLB Bond 1,162,906.85 0.89 1,168,296.05 0.87
FHLMC Bond 6,968,612.16 5.36 6,055,923.74 4.50
FNMA Bond 5,125,074.01 3.94 5,172,493.56 3.84
Local Government Investment Pool 38,346,808.53 29.51 41,820,121.26 31.04 Money Market 59,262.50 0.05 12,637.50 0.01
Negotiable Certificate Of Deposit 1,400,085.70 1.08 1,403,509.02 1.04 Treasury Note 60,149,459.59 46.28 61,916,354.23 45.96
Total / Average 129,958,693.89 100.00 134,723,850.34 100.00 Portfolio Holdings as of 10/31/2023 Portfolio Holdings as of 11/30/2023 Begin Date: 10/31/2023, End Date: 11/30/2023 All Portfolios Distribution by Security Type - Market Value
City of Paso Robles
Attachment 1

City Council Agenda January 16, 2024
Cash
CASH3004
Pacific Premier Bank Cash
1,211,958.19
12/31/2019

0.00 1,211,958.19
1,211,958.19 100.00

0.00 1,211,958.19

0.00 0.88%
NR
NR
0 1
1 0

0.88%

0.00 1,211,958.19

0.00 1,211,958.19
Sub Total Cash 1,211,958.19 0.00 1,211,958.19
Corporate Bond
02079KAC1
Alphabet Inc 1.998 8/15/2026-26
980,000.00
1/30/2023

4.05 914,163.60
914,163.60 93.25

4.68 5,710.95
913,896.93
-266.67

0.66%
S&P-AA+
Moodys-Aa2

2.63 897
023135BC9
Amazon.Com INC 3.15 8/22/2027
370,000.00
11/3/2022

4.81 343,863.20
343,863.20 94.71

4.71 3,172.75
350,422.49
6,559.29

0.25%
S&P-AA
Moodys-A1

3.51 1361
037833ET3
Apple Inc 4 5/10/2028-28
1,230,000.00
5/18/2023

3.94 1,233,198.00
1,233,198.00 98.04

4.49 2,733.33
1,205,932.59
-27,265.41

0.9%
S&P-AA+
Moodys-Aaa

4.1 1593
06051GJS9
Bank of America Corp Var. Corp 7/22/2027 -
26 495,000.00
8/4/2022

1.73 446,381.10
446,381.10 90.24

1.73 3,051.84
446,675.64
294.54

0.32%
S&P-AMoodys-A2
0 965
06051GKM0
Bank of America Var. Corp 4/2/2026 -25
475,000.00
3/22/2022

3.38 475,000.00
475,000.00 96.60

3.38 2,589.70
458,860.50
-16,139.50

0.35%
S&P-AMoodys-A2
0 489
14913R3B1
Caterpillar Finl Svcs Corp 4.8 1/6/2026-25
600,000.00
1/27/2023

4.32 607,812.00
607,812.00 99.79

4.91 11,520.00
598,730.89
-9,081.11

0.44%
S&P-A
Moodys-A2

1.99 737
17325FBB3
Citibank 5.803 9/29/2028-28
1,345,000.00
9/29/2023

5.80 1,345,000.00
1,345,000.00 101.98

5.33 13,225.20
1,371,575.72
26,575.72

0.98%
S&P-A+
Moodys-Aa3

4.25 1734
427866BH0
Hershey Company 4.25 5/4/2028-28
615,000.00
5/18/2023

4.07 619,969.20
619,969.20 98.44

4.64 1,887.71
605,405.65
-14,563.55

0.45%
S&P-AA+
Moodys-Aaa

4.07 1587
437076BT8
Home Depot Inc 2.8 9/14/2027-27
650,000.00
1/30/2023

4.16 613,210.00
613,210.00 93.32

4.75 3,842.22
606,577.54
-6,632.46

0.45%
S&P-A
Moodys-A2

3.59 1292
4581X0DZ8
IBRD | Supranational 0.5 9/23/2024
870,000.00
9/23/2021

0.53 869,356.20
869,356.20 96.20

5.33 809.58
836,982.39
-32,373.81

0.63%

S&P-AAA
Moodys-Aaa

0.81 298
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 11/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
5 Attachment 1

City Council Agenda January 16, 2024
458140BP4
INTEL CORP 3.4 3/25/2025-25
435,000.00
5/20/2020

1.00 484,220.25
484,220.25 97.64

5.27 2,670.42
424,716.50
-59,503.75

0.35%
S&P-A+
Moodys-A1

1.29 453
24422EXB0
John Deere Capital 4.95 7/14/2028
125,000.00
7/14/2023

4.64 126,700.00
126,700.00 100.17

4.91 2,337.50
125,213.35
-1,486.65

0.09%
S&P-A
Moodys-A2

4.11 1688
24422EXB0
John Deere Capital 4.95 7/14/2028
290,000.00
7/14/2023

4.98 289,567.90
289,567.90 100.17

4.91 5,423.00
290,494.96
927.06

0.21%
S&P-A
Moodys-A2

4.11 1688
24422EXB0
John Deere Capital 4.95 7/14/2028
225,000.00
7/18/2023

4.73 227,205.00
227,205.00 100.17

4.91 4,207.50
225,384.02
-1,820.98

0.17%
S&P-A
Moodys-A2

4.11 1688
478160CN2
Johnson & Johnson 0.55 9/1/2025-25
440,000.00
9/24/2020

0.49 441,262.80
441,262.80 92.94

4.80 598.28
408,954.56
-32,308.24

0.32%

S&P-AAA
Moodys-Aaa

1.74 610
46647PCW4
JP Morgan Chase & CO 2.947 2/24/2028-27
350,000.00
9/18/2023

5.13 320,029.50
320,029.50 92.60

4.90 2,750.53
324,106.09
4,076.59

0.23%
S&P-AMoodys-A1

3.97 1182
46625HJX9
JP Morgan Chase & Co 3.625 5/13/2024
475,000.00
9/24/2020

0.64 525,877.25
525,877.25 99.14

5.57 813.11
470,905.67
-54,971.58

0.38%
S&P-AMoodys-A2

0.45 165
57636QAN4
Mastercard INC 2 3/3/2025-25
440,000.00
3/17/2021

0.92 458,440.40
458,440.40 96.29

5.08 2,126.67
423,654.73
-34,785.67

0.33%
S&P-A+
Moodys-A1

1.24 431
594918BB9
Microsoft Corp 2.7 2/12/2025-24
1,000,000.00
3/17/2021

0.93 1,067,560.00
1,067,560.00 97.26

5.08 8,100.00
972,561.56
-94,998.44

0.78%

S&P-AAA
Moodys-Aaa

1.18 348
69371RS56
Paccar Finanical 5.05 8/10/2026
650,000.00
8/11/2023

4.88 652,990.00
652,990.00 100.40

4.89 10,029.86
652,608.79
-381.21

0.47%
S&P-A+
Moodys-A1

2.52 984
713448CT3
Pepsico INC 2.75 4/30/2025-25
425,000.00
3/17/2021

1.00 454,869.00
454,869.00 96.86

5.08 973.96
411,644.74
-43,224.26

0.33%
S&P-A+
Moodys-A1

1.4 427
717081ES8
Pfizer Inc 2.95 3/15/2024-24
965,000.00
6/5/2019

2.38 989,887.35
989,887.35 99.25

5.53 5,930.73
957,766.99
-32,120.36

0.72%
S&P-AAMoodys-A1

0.29 77
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 11/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
6 Attachment 1

City Council Agenda January 16, 2024
69353RFG8
PNC Bank NA 3.1 10/25/2027
735,000.00
12/8/2022

4.39 693,884.10
693,884.10 91.56

5.53 2,215.21
673,001.38
-20,882.72

0.5%
S&P-A
Moodys-A2

3.68 1425
857477BM4
State Street Corp Var. Corp 3/30/2026 -25
625,000.00
3/17/2022

2.90 626,225.00
626,225.00 96.37

2.90 3,021.88
602,317.23
-23,907.77

0.46%
S&P-A
Moodys-A1
0 486
89236TGT6
TOYOTA MOTOR CREDIT CORP 1.8
2/13/2025
275,000.00
5/26/2020

1.58 277,686.75
277,686.75 96.05

5.23 1,471.25
264,135.71
-13,551.04

0.2%
S&P-AAMoodys-A1

1.19 441
89236TLB9
Toyota Motor Credit Corp 5.25 9/11/2028
400,000.00
9/11/2023

5.29 399,304.00
399,304.00 101.05

5.00 4,608.33
404,192.22
4,888.22

0.29%
S&P-A+
Moodys-A1

4.25 1747
931142ER0
Walmart Inc 1.05 9/17/2026-26
1,030,000.00
1/30/2023

4.14 923,601.00
923,601.00 90.86

4.57 2,193.04
935,837.95
12,236.95

0.67%
S&P-AA
Moodys-Aa2

2.76 991
930

2.32 11.93%
-464,706.81
15,962,556.79

4.79 108,014.55
16,427,263.60
Sub Total Corporate Bond 16,515,000.00 3.23 16,427,263.60 FHLB Bond
3130AJHU6
FHLB 0.5 4/14/2025
620,000.00
4/16/2020

0.60 616,924.80
616,924.80 94.12

4.98 396.11
583,561.46
-33,363.34

0.45%
S&P-AA+
Moodys-Aaa

1.37 501
3130A0F70
FHLB 3.375 12/8/2023
585,000.00
1/31/2019

2.72 602,242.23
602,242.23 99.95

5.33 9,433.12
584,734.59
-17,507.64

0.44%
S&P-AA+
Moodys-Aaa

0.02 8
257

0.7 0.89%
-50,870.98
1,168,296.05

5.16 9,829.23
1,219,167.03
Sub Total FHLB Bond 1,205,000.00 1.65 1,219,167.03
FHLMC Bond
3137EAEU9
FHLMC 0.375 7/21/2025
575,000.00
7/23/2020

0.48 572,136.50
572,136.50 93.06

4.82 772.66
535,102.63
-37,033.87

0.42%
S&P-AA+
Moodys-Aaa

1.64 599
3137EAEX3
FHLMC 0.375 9/23/2025
855,000.00
9/25/2020

0.44 852,426.45
852,426.45 92.35

4.83 596.72
789,618.88
-62,807.57

0.62%
S&P-AA+
Moodys-Aaa

1.81 663
3137EAEP0
FHLMC 1.5 2/12/2025
1,365,000.00
2/14/2020

1.52 1,363,948.95
1,363,948.95 95.99

4.98 6,142.50
1,310,258.71
-53,690.24

0.99%
S&P-AA+
Moodys-Aaa

1.19 440
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 11/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
7 Attachment 1

City Council Agenda January 16, 2024
3137EAEP0
FHLMC 1.5 2/12/2025
1,905,000.00
6/8/2020

0.56 1,987,715.10
1,987,715.10 95.99

4.98 8,572.50
1,828,602.81
-159,112.29

1.44%
S&P-AA+
Moodys-Aaa

1.19 440
3134H1BW2
FHLMC 6 9/18/2026
1,000,000.00
10/10/2023

6.00 999,950.00
999,950.00 99.98

6.01 12,000.00
999,750.91
-199.09

0.73%
S&P-AA+
Moodys-Aaa

2.59 1023
3137BTUMI
FHLMC MBS 3.347 11/25/2026
620,000.00
5/24/2023

4.31 603,746.25
600,915.63 95.58

4.91 1,671.64
592,589.80
-11,156.45

0.44%
S&P-AA+
Moodys-Aaa

2.61 1091
637

1.67 4.64%
-323,999.51
6,055,923.74

5.10 29,756.02
6,377,092.63
Sub Total FHLMC Bond 6,320,000.00 1.95 6,379,923.25
FNMA Bond
3135G05X7
FNMA 0.375 8/25/2025
600,000.00
10/16/2020

0.45 597,972.00
597,972.00 92.66

4.84 593.75
555,930.10
-42,041.90

0.43%
S&P-AA+
Moodys-Aaa

1.73 634
3135G06G3
FNMA 0.5 11/7/2025
900,000.00
11/12/2020

0.57 896,778.00
896,778.00 92.15

4.79 287.50
829,359.10
-67,418.90

0.65%
S&P-AA+
Moodys-Aaa

1.93 708
3135G06G3
FNMA 0.5 11/7/2025
500,000.00
11/16/2020

0.53 499,250.00
499,250.00 92.15

4.79 159.72
460,755.06
-38,494.94

0.36%
S&P-AA+
Moodys-Aaa

1.93 708
3135G06G3
FNMA 0.5 11/7/2025
570,000.00
12/4/2020

0.52 569,481.30
569,481.30 92.15

4.79 182.08
525,260.76
-44,220.54

0.41%
S&P-AA+
Moodys-Aaa

1.93 708
3135G04Z3
FNMA 0.5 6/17/2025
990,000.00
6/19/2020

0.54 987,950.70
987,950.70 93.50

4.91 2,241.25
925,657.94
-62,292.76

0.72%
S&P-AA+
Moodys-Aaa

1.54 565
3135G04Z3
FNMA 0.5 6/17/2025
1,235,000.00
8/5/2020

0.38 1,242,002.45
1,242,002.45 93.50

4.91 2,795.90
1,154,734.90
-87,267.55

0.9%
S&P-AA+
Moodys-Aaa

1.54 565
3135G03U5
FNMA 0.625 4/22/2025
765,000.00
4/24/2020

0.67 763,424.10
763,424.10 94.22

4.97 504.69
720,795.70
-42,628.40

0.55%
S&P-AA+
Moodys-Aaa

1.39 509
615

1.68 4.02%
-384,364.99
5,172,493.56

4.87 6,764.89
5,556,858.55
Sub Total FNMA Bond 5,560,000.00 0.51 5,556,858.55
Local Government Investment Pool
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 11/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
8 Attachment 1

City Council Agenda January 16, 2024
CAMP1001

CAMP LGIP
31,347,630.52
12/31/2019

5.58 31,347,630.52
31,347,630.52 100.00

5.58 31,347,630.52

0.00 22.79%
NR
NR
0 1
LAIF0271

LAIF LGIP
10,472,490.74
12/31/2019

3.84 10,472,490.74
10,472,490.74 100.00

3.84 10,472,490.74

0.00 7.61%
NR
NR
0 1
1 0

30.4%

0.00 41,820,121.26

5.15 41,820,121.26
Sub Total Local Government Investment 41,820,121.26 5.15 41,820,121.26 Pool
Money Market
MM9730
Zions Bank MM
12,637.50
2/1/2020

5.00 12,637.50
12,637.50 100.00

5.00 12,637.50

0.00 0.01%
NR
NR
0 1
1 0

0.01%

0.00 12,637.50

5.00 12,637.50
Sub Total Money Market 12,637.50 5.00 12,637.50
Negotiable Certificate Of Deposit
21684LGS5
Cooperatieve Centrale 5.08 7/17/2026
800,000.00
7/20/2023

5.08 800,000.00
800,000.00 100.49

4.91 14,808.55
803,914.17
3,914.17

0.58%
FDIC Insured
FDIC Insured

2.45 960
89115B6F2
Toronto Dominion Bank NY 5.47 10/25/2024
600,000.00
10/31/2022

5.47 600,000.00
600,000.00 99.93

5.52 3,282.00
599,594.85
-405.15

0.44%
None
S&P-A0.9
330
690

1.79 1.02%
3,509.02
1,403,509.02

5.17 18,090.55
1,400,000.00
Sub Total Negotiable Certificate Of 1,400,000.00 5.25 1,400,000.00 Deposit
Treasury Note
91282CAT8
T-Note 0.25 10/31/2025
1,550,000.00
10/6/2021

0.78 1,517,062.50
1,517,062.50 91.86

4.74 319.37
1,423,880.86
-93,181.64

1.1%
S&P-AA+
Moodys-Aaa

1.91 701
91282CAJ0
T-Note 0.25 8/31/2025
1,730,000.00
8/4/2021

0.52 1,711,280.86
1,711,280.86 92.41

4.82 1,081.25
1,598,763.27
-112,517.59

1.24%
S&P-AA+
Moodys-Aaa

1.75 640
91282CAM3
T-Note 0.25 9/30/2025
1,340,000.00
9/8/2021

0.67 1,317,544.53
1,317,544.53 92.16

4.77 558.33
1,234,946.09
-82,598.44

0.96%
S&P-AA+
Moodys-Aaa

1.83 670
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 11/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
9 Attachment 1

City Council Agenda January 16, 2024
91282CBH3
T-Note 0.375 1/31/2026
635,000.00
7/7/2021

0.80 622,796.09
622,796.09 91.30

4.64 789.44
579,735.16
-43,060.93

0.45%
S&P-AA+
Moodys-Aaa

2.16 793
91282CBH3
T-Note 0.375 1/31/2026
1,700,000.00
1/6/2022

1.27 1,639,703.13
1,639,703.13 91.30

4.64 2,113.45
1,552,046.87
-87,656.26

1.19%
S&P-AA+
Moodys-Aaa

2.16 793
91282CBH3
T-Note 0.375 1/31/2026
765,000.00
2/22/2022

1.82 723,193.95
723,193.95 91.30

4.64 951.05
698,421.09
-24,772.86

0.53%
S&P-AA+
Moodys-Aaa

2.16 793
91282CBH3
T-Note 0.375 1/31/2026
1,105,000.00
5/4/2022

2.95 1,004,859.38
1,004,859.38 91.30

4.64 1,373.74
1,008,830.47
3,971.09

0.73%
S&P-AA+
Moodys-Aaa

2.16 793
91282CAZ4
T-Note 0.375 11/30/2025
1,460,000.00
11/3/2021

1.01 1,422,872.66
1,422,872.66 91.82

4.71 0.00
1,340,633.60
-82,239.06

1.03%
S&P-AA+
Moodys-Aaa

1.99 731
91282CAZ4
T-Note 0.375 11/30/2025
1,050,000.00
3/9/2022

1.78 997,171.88
997,171.88 91.82

4.71 0.00
964,154.30
-33,017.58

0.72%
S&P-AA+
Moodys-Aaa

1.99 731
91282CAU5
T-Note 0.5 10/31/2027
2,170,000.00
1/6/2023

3.91 1,847,975.39
1,847,975.39 86.14

4.39 894.23
1,869,251.56
21,276.17

1.34%
S&P-AA+
Moodys-Aaa

3.88 1431
91282CBQ3
T-Note 0.5 2/28/2026
1,680,000.00
3/5/2021

0.71 1,662,609.38
1,662,609.38 91.31

4.61 2,100.00
1,533,984.38
-128,625.00

1.21%
S&P-AA+
Moodys-Aaa

2.24 821
91282CBQ3
T-Note 0.5 2/28/2026
1,635,000.00
12/7/2021

1.16 1,590,867.77
1,590,867.77 91.31

4.61 2,043.75
1,492,895.51
-97,972.26

1.16%
S&P-AA+
Moodys-Aaa

2.24 821
912828ZN3
T-Note 0.5 4/30/2027
610,000.00
8/4/2022

2.89 545,973.83
545,973.83 87.70

4.42 251.37
534,965.24
-11,008.59

0.4%
S&P-AA+
Moodys-Aaa

3.39 1247
912828ZV5
T-Note 0.5 6/30/2027
840,000.00
8/10/2022

2.99 745,434.38
745,434.38 87.16

4.41 1,746.20
732,145.31
-13,289.07

0.54%
S&P-AA+
Moodys-Aaa

3.55 1308
91282CCF6
T-Note 0.75 5/31/2026
1,210,000.00
6/4/2021

0.82 1,206,171.48
1,206,171.48 91.11

4.55 0.00
1,102,470.70
-103,700.78

0.88%
Moodys-Aaa
S&P-AA+

2.48 913
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 11/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
10 Attachment 1

City Council Agenda January 16, 2024
91282CCF6
T-Note 0.75 5/31/2026
905,000.00
6/8/2022

2.99 829,418.36
829,418.36 91.11

4.55 0.00
824,575.19
-4,843.17

0.6%
Moodys-Aaa
S&P-AA+

2.48 913
91282CCZ2
T-Note 0.875 9/30/2026
1,075,000.00
4/7/2022

2.77 989,797.85
989,797.85 90.59

4.45 1,567.71
973,840.82
-15,957.03

0.72%
S&P-AA+
Moodys-Aaa

2.8 1035
91282CDS7
T-Note 1.125 1/15/2025
1,010,000.00
3/9/2022

1.70 994,021.48
994,021.48 95.68

5.13 4,260.94
966,325.39
-27,696.09

0.72%
S&P-AA+
Moodys-Aaa

1.12 412
91282CDS7
T-Note 1.125 1/15/2025
600,000.00
5/5/2022

3.01 570,984.38
570,984.38 95.68

5.13 2,531.25
574,054.68
3,070.30

0.42%
S&P-AA+
Moodys-Aaa

1.12 412
91282CCV1
T-Note 1.125 8/31/2028
1,160,000.00
11/3/2023

4.69 983,507.81
983,507.81 86.29

4.35 3,262.50
1,000,998.44
17,490.63

0.71%
S&P-AA+
Moodys-Aaa

4.61 1736
91282CDQ1
T-Note 1.25 12/31/2026
1,385,000.00
1/30/2023

3.71 1,262,027.15
1,262,027.15 90.97

4.41 7,197.86
1,259,971.29
-2,055.86

0.92%
S&P-AA+
Moodys-Aaa

3.02 1127
91282CDQ1
T-Note 1.25 12/31/2026
2,760,000.00
2/10/2023

3.95 2,494,026.56
2,494,026.56 90.97

4.41 14,343.75
2,510,845.30
16,818.74

1.81%
S&P-AA+
Moodys-Aaa

3.02 1127
91282CDZ1
T-Note 1.5 2/15/2025
925,000.00
7/13/2023

5.12 874,377.93
874,377.93 95.84

5.09 4,034.31
886,482.43
12,104.50

0.64%
S&P-AA+
Moodys-Aaa

1.2 443
912828YH7
T-Note 1.5 9/30/2024
430,000.00
3/4/2021

0.41 446,645.70
446,645.70 96.96

5.28 1,075.00
416,915.23
-29,730.47

0.32%
S&P-AA+
Moodys-Aaa

0.83 305
9128287B0
T-Note 1.875 6/30/2026
1,620,000.00
5/18/2023

3.69 1,533,937.50
1,533,937.50 93.63

4.51 12,628.74
1,516,788.28
-17,149.22

1.12%
S&P-AA+
Moodys-Aaa

2.51 943
9128282U3
T-Note 1.875 8/31/2024
1,050,000.00
9/12/2019

1.54 1,066,611.33
1,066,611.33 97.52

5.29 4,921.88
1,023,955.08
-42,656.25

0.78%
S&P-AA+
Moodys-Aaa

0.75 275
912828XX3
T-Note 2 6/30/2024
985,000.00
7/3/2019

1.78 995,157.81
995,157.81 98.12

5.31 8,190.49
966,454.30
-28,703.51

0.72%
S&P-AA+
Moodys-Aaa

0.58 213
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 11/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
11 Attachment 1

City Council Agenda January 16, 2024
912828W48
T-Note 2.125 2/29/2024
1,210,000.00
4/21/2021

0.31 1,272,579.69
1,272,579.69 99.20

5.33 6,428.12
1,200,357.81
-72,221.88

0.93%
S&P-AA+
Moodys-Aaa

0.25 91
912828W71
T-Note 2.125 3/31/2024
975,000.00
1/7/2020

1.61 995,452.15
995,452.15 98.97

5.25 3,453.13
964,945.31
-30,506.84

0.72%
S&P-AA+
Moodys-Aaa

0.33 122
912828V98
T-Note 2.25 2/15/2027
1,155,000.00
7/7/2022

2.85 1,125,132.42
1,125,132.42 93.54

4.43 7,556.15
1,080,376.17
-44,756.25

0.82%
S&P-AA+
Moodys-Aaa

3.09 1173
9128282R0
T-Note 2.25 8/15/2027
2,180,000.00
9/6/2022

3.40 2,066,827.34
2,066,827.34 92.69

4.41 14,261.82
2,020,587.50
-46,239.84

1.5%
S&P-AA+
Moodys-Aaa

3.55 1354
9128286G0
T-Note 2.375 2/29/2024
993,000.00
8/12/2021

0.34 1,044,279.14
1,044,279.14 99.25

5.38 5,895.94
985,552.50
-58,726.64

0.76%
S&P-AA+
Moodys-Aaa

0.25 91
912828D56
T-Note 2.375 8/15/2024
535,000.00
9/25/2019

1.56 555,334.18
555,334.18 97.96

5.33 3,694.48
524,111.92
-31,222.26

0.4%
S&P-AA+
Moodys-Aaa

0.7 259
9128286A3
T-Note 2.625 1/31/2026
805,000.00
2/8/2021

0.46 890,625.59
890,625.59 95.89

4.64 7,005.47
771,888.09
-118,737.50

0.65%
S&P-AA+
Moodys-Aaa

2.1 793
91282CEN7
T-Note 2.75 4/30/2027
1,285,000.00
5/5/2023

3.50 1,249,260.94
1,249,260.94 94.75

4.42 2,912.43
1,217,587.69
-31,673.25

0.91%
S&P-AA+
Moodys-Aaa

3.27 1247
91282CGH8
T-Note 3.5 1/31/2028
1,755,000.00
6/5/2023

3.76 1,735,461.91
1,735,461.91 96.72

4.37 20,363.72
1,697,482.61
-37,979.30

1.26%
S&P-AA+
Moodys-Aaa

3.86 1523
91282CHA2
T-Note 3.5 4/30/2028
485,000.00
5/1/2023

3.60 482,821.29
482,821.29 96.63

4.35 1,399.04
468,631.25
-14,190.04

0.35%
S&P-AA+
Moodys-Aaa

4.11 1613
91282CGT2
T-Note 3.625 3/31/2028
1,230,000.00
5/5/2023

3.41 1,241,963.67
1,241,963.67 97.14

4.35 7,431.25
1,194,877.73
-47,085.94

0.9%
S&P-AA+
Moodys-Aaa

4.02 1583
91282CGV7
T-Note 3.75 4/15/2026
1,240,000.00
5/5/2023

3.63 1,244,262.50
1,244,262.50 98.14

4.59 5,844.26
1,216,895.32
-27,367.18

0.9%
S&P-AA+
Moodys-Aaa

2.28 867
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 11/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
12 Attachment 1

City Council Agenda January 16, 2024
91282CGE5
T-Note 3.875 1/15/2026
2,500,000.00
2/10/2023

4.12 2,483,398.44
2,483,398.44 98.44

4.65 36,328.12
2,461,035.15
-22,363.29

1.81%
None
None

2.03 777
91282CGX3
T-Note 3.875 4/30/2025
1,250,000.00
5/5/2023

3.93 1,248,779.30
1,248,779.30 98.52

4.97 3,992.10
1,231,445.31
-17,333.99

0.91%
S&P-AA+
Moodys-Aaa

1.39 517
91282CGL9
T-Note 4 2/15/2026
2,535,000.00
3/6/2023

4.61 2,493,014.06
2,493,014.06 98.67

4.64 29,483.15
2,501,332.03
8,317.97

1.81%
None
Moodys-Aaa

2.11 808
91282CGP0
T-Note 4 2/29/2028
2,525,000.00
3/6/2023

4.26 2,495,706.05
2,495,706.05 98.61

4.36 25,250.00
2,489,985.35
-5,720.70

1.81%
S&P-AA+
Moodys-Aaa

3.91 1552
91282CHK0
T-Note 4 6/30/2028
115,000.00
7/3/2023

4.17 114,133.01
114,133.01 98.62

4.33 1,912.50
113,414.26
-718.75

0.08%
S&P-AA+
Moodys-Aaa

4.16 1674
91282CHK0
T-Note 4 6/30/2028
775,000.00
7/10/2023

4.34 763,253.91
763,253.91 98.62

4.33 12,888.59
764,313.48
1,059.57

0.55%
S&P-AA+
Moodys-Aaa

4.16 1674
91282CFM8
T-Note 4.125 9/30/2027
1,500,000.00
5/18/2023

3.57 1,533,515.63
1,533,515.63 99.07

4.39 10,312.50
1,485,996.09
-47,519.54

1.11%
S&P-AA+
Moodys-Aaa

3.56 1400
91282CFM8
T-Note 4.125 9/30/2027
2,045,000.00
10/10/2023

4.76 1,998,588.09
1,998,588.09 99.07

4.39 14,059.38
2,025,908.00
27,319.91

1.45%
S&P-AA+
Moodys-Aaa

3.56 1400
91282CHX2
T-Note 4.375 8/31/2028
710,000.00
9/13/2023

4.42 708,474.61
708,474.61 100.25

4.32 7,765.62
711,747.27
3,272.66

0.51%
None
None

4.3 1736
91282CJA0
T-Note 4.625 9/30/2028
2,000,000.00
10/10/2023

4.70 1,993,515.63
1,993,515.63 101.30

4.32 15,075.97
2,026,093.76
32,578.13

1.45%
Moodys-Aaa
None

4.36 1766
91282CJF9
T-Note 4.875 10/31/2028
955,000.00
11/2/2023

4.73 960,968.75
960,968.75 102.44

4.32 3,837.05
978,278.13
17,309.38

0.7%
None
Moodys-Aaa

4.42 1797
912810FB9
T-Note 6.125 11/15/2027
1,125,000.00
1/30/2023

3.60 1,248,925.78
1,248,925.78 106.24

4.39 2,839.54
1,195,180.66
-53,745.12

0.91%
None
Moodys-Aaa

3.58 1446
997

2.61 46.16%
-1,625,950.92
61,916,354.23

4.62 328,226.94
63,542,305.15
Sub Total Treasury Note 65,268,000.00 2.87 63,542,305.15 CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 11/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
13 Attachment 1

City Council Agenda January 16, 2024
TOTAL PORTFOLIO 139,312,716.95 3.45 137,570,234.53
137,567,403.91

4.80 500,682.18
134,723,850.34
-2,846,384.19
100.00%

1.65 636
CUSIP
Face Amount /
Shares
Description Settlement Date
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 11/30/2023 All Portfolios
Portfolio Holdings by Security Type
City of Paso Robles
14 Attachment 1

City Council Agenda January 16, 2024
Buy Transactions
Buy 11/2/2023 91282CJF9 955,000.00 T-Note 4.875 10/31/2028 100.63 960,968.75 255.80 4.73 961,224.55 Buy 11/3/2023 91282CCV1 1,160,000.00 T-Note 1.125 8/31/2028 84.79 983,507.81 2,294.51 4.69 985,802.32 Subtotal 2,115,000.00 1,944,476.56 2,550.31 1,947,026.87 Deposit 11/1/2023 MM9730 35.96 Zions Bank MM 100.00 35.96 0.00 0.00 35.96 Deposit 11/30/2023 CASH3004 164,513.84 Pacific Premier Bank Cash 100.00 164,513.84 0.00 0.00 164,513.84 Deposit 11/30/2023 CAMP1001 123,312.73 CAMP LGIP 100.00 123,312.73 0.00 0.00 123,312.73 Deposit 11/30/2023 CAMP1001 5,800,000.00 CAMP LGIP 100.00 5,800,000.00 0.00 0.00 5,800,000.00 Deposit 11/30/2023 MM9730 12,637.50 Zions Bank MM 100.00 12,637.50 0.00 0.00 12,637.50 Subtotal 6,100,500.03 6,100,500.03 0.00 6,100,500.03
Total Buy Transactions 8,215,500.03 8,044,976.59 2,550.31 8,047,526.90 Interest/Dividends
Interest 11/1/2023 3137BTUMI 0.00 FHLMC MBS 3.347 11/25/2026 0.00 1,729.28 0.00 1,729.28 Interest 11/1/2023 MM9730 0.00 Zions Bank MM 0.00 35.96 0.00 35.96 Interest 11/4/2023 427866BH0 0.00 Hershey Company 4.25 5/4/2028-28 0.00 13,068.75 0.00 13,068.75 Interest 11/7/2023 3135G06G3 0.00 FNMA 0.5 11/7/2025 0.00 4,925.00 0.00 4,925.00 Interest 11/10/2023 037833ET3 0.00 Apple Inc 4 5/10/2028-28 0.00 24,600.00 0.00 24,600.00 Interest 11/13/2023 46625HJX9 0.00 JP Morgan Chase & Co 3.625 5/13/2024 0.00 8,609.38 0.00 8,609.38 Interest 11/15/2023 912810FB9 0.00 T-Note 6.125 11/15/2027 0.00 34,453.13 0.00 34,453.13 Interest 11/30/2023 91282CAZ4 0.00 T-Note 0.375 11/30/2025 0.00 4,706.25 0.00 4,706.25 Interest 11/30/2023 91282CCF6 0.00 T-Note 0.75 5/31/2026 0.00 7,931.25 0.00 7,931.25 Interest 11/30/2023 CAMP1001 0.00 CAMP LGIP 0.00 123,312.73 0.00 123,312.73 Subtotal 0.00 0.00 223,371.73 223,371.73
Total Interest/Dividends 0.00 0.00 223,371.73 223,371.73 Sell Transactions
Sell 11/2/2023 3137EAFA2 465,000.00 FHLMC 0.25 12/4/2023 0.00 462,837.75 477.92 0.00 463,315.67 Sell 11/2/2023 3134GXBL7 500,000.00 FHLMC 0.3 11/16/2023-22 0.00 498,990.00 691.67 0.00 499,681.67 Sell 11/3/2023 91282CEA5 1,000,000.00 T-Note 1.5 2/29/2024 0.00 987,578.13 2,637.36 0.00 990,215.49 Settlement Date CUSIP Description Principal YTM @ Cost
Face Amount /
Action Shares Purchase Price
Interest /
Dividends Total
Begin Date: 10/31/2023, End Date: 11/30/2023 All Portfolios Transaction Summary by Action
City of Paso Robles
15 Attachment 1

City Council Agenda January 16, 2024
Subtotal 1,965,000.00 1,949,405.88 3,806.95 1,953,212.83 Withdraw 11/3/2023 MM9730 35.96 Zions Bank MM 0.00 35.96 0.00 0.00 35.96 Withdraw 11/3/2023 MM9730 59,262.50 Zions Bank MM 0.00 59,262.50 0.00 0.00 59,262.50 Withdraw 11/30/2023 LAIF0271 2,450,000.00 LAIF LGIP 0.00 2,450,000.00 0.00 0.00 2,450,000.00 Subtotal 2,509,298.46 2,509,298.46 0.00 2,509,298.46
Total Sell Transactions 4,474,298.46 4,458,704.34 3,806.95 4,462,511.29 Settlement Date CUSIP Description Principal YTM @ Cost
Face Amount /
Action Shares Purchase Price
Interest /
Dividends Total
Begin Date: 10/31/2023, End Date: 11/30/2023 All Portfolios Transaction Summary by Action
City of Paso Robles
16 Attachment 1

City Council Agenda January 16, 2024
Council Agenda Report
From: Catherine Piatti, Finance Manager
Subject: Receipt of Annual Development Impact Fee Report for FY 2022-23 CEQA Determination: The City finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Date: January 16, 2024
Facts

1. The Mitigation Fee Act (Government Code Section 66000 et seq.) established the criteria by which municipal governments may charge developments impact fees for the cost of providing new facilities (including public improvements, public services and community amenities) related to those projects.

2. A key premise of the Mitigation Fee Act is that existing development should not subsidize new development; the new development should pay its own way. Similarly, new development should not bear costs related to the correction of service level deficiencies within existing development.

3. The purpose of the City’s growth mitigation fee program is to finance the design, construction, and acquisition of facilities and equipment to maintain the City’s level of service and mitigate the impacts of growth.

4. Development impact fees are collected for different categories of public facilities and are maintained in separate interest-bearing funds which are used only to pay for the designated category of facilities and equipment. Interest income is allocated to each impact fee account based upon its proportionate share of total invested City cash resources.

5. The purpose of this report is to concentrate on the accounting requirements in regard to development impact fees that have already been collected. The Mitigation Fee Act requires that the City provide information to the public annually regarding the revenues generated, the expenses incurred, and the end-of-year status of each of the development impact fee funds.

6. On April 1, 2014, City Council adopted Resolution No. 14-035, adopting the Development Impact Fee Calculation and Justification Study dated March 20, 2014, prepared by David Taussig & Associates, INC.

7. On September 7, 2017, City Council approved Resolution No. 17-113, approving the Evaluation of Water and Wastewater Capital Facility Charges report dated August 2017, prepared by Water Consultancy.

8. On February 5, 2019, City Council adopted Resolution No. 19-017, adopting the Transportation Development Impact Fee Calculation and Justification Study dated January 25, 2019, prepared by David Taussig & Associates, INC.

Community Outreach
The Annual Development Impact Fee Report for the fiscal year ending June 30, 2023 was made available for public review on the City’s website starting December 18, 2023, at least 15 days prior to the presentation to City Council.

City Council Agenda January 16, 2024
Options

1. Take no action;

2. Receive and file the Annual Development Impact Fee Report for the fiscal year ending June 30, 2023;

3. Provide alternative direction to staff.

Analysis and Conclusions
As required by State law, the City is required to make available to the public the impact fee information as described in Attachment 1, within 180 days after the last day of each fiscal year. The attached report is the annual activity of the City beginning on July 1, 2022 and ending on June 30, 2023. Again, this report simply focuses on the accounting requirements related to development impact fees. The Mitigation Fee Act requirements dictate that agencies must make the following information available for each fee:
 The beginning and ending balances in each fee account;  The fee amounts collected and the interest earned during the preceding year;  The projects the fees were used for and the percentage of the total project costs funded with fees;
 The expected start date for construction on improvements the fees will fund if the City determines that sufficient funds have been collected to complete financing on an incomplete public improvement;
 A description of any inter-fund transfers or loans, the interest the account will receive for the; loan, and the date on which the loan will be repaid; and  The amount of any refunds made, including the number of persons or entities that received such refunds, if any.

By way of this report, staff is not requesting that City Council adopt new development impact fees or adjust existing fees. Rather, it is reporting on the status of each of the development impact fee accounts.

Additionally, the Development Impact Fee Justification Study dated March 20, 2014, the Transportation Impact Fee Justification Study dated January 25, 2019, and the Evaluation of Water and Wastewater Capital Facility Charges, Final Report dated August 2017 include important details and discussions of projected new development and demand variables such as future population and employment, growth trends in housing, commercial, and industrial development. More importantly, these reports include a description of the facilities needed to serve new development that are eligible for funding by impact fees.

Fiscal Impact
None.

CEQA
The City finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Recommendation (Option 2)
Receive and file the Annual Development Impact Fee Report for the Fiscal Year Ending June 30, 2023.

Attachments

1. Attachment FY 2022-23 Compliance Report for Development Impact Fees

City Council Agenda January 16, 2024

CITY OF PASO ROBLES
SENATE BILL 1693

ANNUAL COMPLIANCE REPORTING FOR DEVELOPMENT IMPACT FEES FOR THE FISCAL YEAR ENDING JUNE 30, 2023
1 Attachment 1
Pursuant to California Government Code Section 66006(b)(1), local agencies shall, within 180 days after the last day of each fiscal year, make available to the public the following information:

Water Development Impact (Connection) Fee: This fee is used to assist in funding the construction and improvements in water production and delivery needed to accommodate new .

A. The amount of the fee:

Meter Size Fee
3/4" $ 19,066
1” 31,840
1 1/2” 63,490
2” 101,622
3” 190,660
4” 317,830
6” 635,470
8” 1,016,790
10” 1,461,788
B. The beginning and ending balance of the account or fund:

Beginning Balance $ (3,431,889)
Ending Balance (3,577,140)
C. The amount of fees collected and the investment income (loss):

Fees Collected $ 1,844,930
Investment Income (Loss) 23,565
D. An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees:

Project Expenditure
% Funded by
Fees
Nacimiento Water Line $ 2,013,746 50.0%
E. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete.

Sufficient funds have not been collected. See Exhibit A of Resolution 17-113 regarding the Evaluation of Water and Wastewater Capital Facility Charges Final Report (Table 9) for further detail.

City Council Agenda January 16, 2024

CITY OF PASO ROBLES
SENATE BILL 1693

ANNUAL COMPLIANCE REPORTING FOR DEVELOPMENT IMPACT FEES FOR THE FISCAL YEAR ENDING JUNE 30, 2023
2 Attachment 1
F. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, that date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan.

No interfund transfer or loans were made during the fiscal year utilizing these funds.

G. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocation pursuant to subdivision (f) of Section 66001.

No refunds were made during the fiscal year.

Sewer Development Impact (Connection) Fee: This fee is used to assist in funding the construction and improvements in sewer collection and treatment needed to accommodate new development.

A. The amount of the fee:

Type of Development Fee
Single Family Residence $ 8,093
Non-Residential
Water Meter Size
3/4” 8,093
1” 13,515
1 1/2” 26,948
2” 43,134
3” 80,926
B. The beginning and ending balance of the account or fund:

Beginning Balance $ 5,346,079
Ending Balance 5,862,001
C. The amount of fees collected and the investment income (loss):

Fees Collected $ 722,852
Investment Income (Loss) 13,378
D. An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees: Transfers out, reported here? Or under Interfund transfers?
Project Expenditure
% Funded by
Fees
Tertiary Treatment Facilities 220,308 50.0%

City Council Agenda January 16, 2024

CITY OF PASO ROBLES
SENATE BILL 1693

ANNUAL COMPLIANCE REPORTING FOR DEVELOPMENT IMPACT FEES FOR THE FISCAL YEAR ENDING JUNE 30, 2023
3 Attachment 1
E. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete.

Sufficient funds have not been collected. See Exhibit A of Resolution 17-113 regarding the Evaluation of Water and Wastewater Capital Facility Charges Final Report (Table 21) for further detail.

F. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, that date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan.

No interfund transfer or loans were made during the fiscal year utilizing these funds.

G. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocation pursuant to subdivision (f) of Section 66001.

No refunds were made during the fiscal year.

Transportation Impact Fees: This fee is used to assist in funding the construction and improvements of the transportation system, including bike and pedestrian path and storm drains, sufficient to accommodate future traffic demand generated by new development.

A. The amount of the fee:

Construction Type Area “A” Fee Area “B” Fee Area “C” Fee Single Family Residential $ 3,447 $ 4,575 $ 11,828
Multi-Family Residential 2,376 3,153 8,151
One Bedroom Units 1,340 1,778 4,597
Studio Units 893 1,185 3,064
Accessory Dwelling Units (per sq.ft.-750 sq. ft./>) 1.72 2.29 5.91 Commercial Lodging Motel/Hotel 1,426 2,856 2,964
RV Parks & Campgrounds 1,426 2,856 2,964
Commercial (per sq. ft.) 10.01 13.28 13.78
Fuel Stations w/ Convenience Market (per sq. ft.) 36.69 67.69 72.45 Drive-Thru Food / Beverage Outlets (per sq. ft.) 37.17 71.55 76.83 Assisted Living Facilities (per sq. ft.) 1.14 1.51 1.57 Light Industrial (per sq. ft.) 2.00 2.65 2.76
Heavy Industrial (per sq. ft.) 0.80 1.05 1.09
B. The beginning and ending balance of the account or fund:

Beginning Balance $ 6,085,343

City Council Agenda January 16, 2024

CITY OF PASO ROBLES
SENATE BILL 1693

ANNUAL COMPLIANCE REPORTING FOR DEVELOPMENT IMPACT FEES FOR THE FISCAL YEAR ENDING JUNE 30, 2023
4 Attachment 1
Ending Balance 2,798,250
C. The amount of fees collected and the investment income (loss):

Fees Collected $ 1,270,000
Investment Income (Loss) 77,061
D. An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees:

Project Expenditure
% Funded by
Fees
South Vine Bridge/Road Alignment $ 165,954 100.0%
Union Road/Golden Hill Rd Roundabout 4,468,200 92.5%
E. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete.

Sufficient funds have not been collected. See Exhibit C of Resolution No. 19-017 regarding the Transportation Impact Fee Justification Study (Table 4-2) for further detail.

F. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, that date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan.

No interfund transfer or loans were made during the fiscal year utilizing these funds.

G. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocation pursuant to subdivision (f) of Section 66001.

No refunds were made during the fiscal year.

City Council Agenda January 16, 2024

CITY OF PASO ROBLES
SENATE BILL 1693

ANNUAL COMPLIANCE REPORTING FOR DEVELOPMENT IMPACT FEES FOR THE FISCAL YEAR ENDING JUNE 30, 2023
5 Attachment 1
Public Safety (Police & Fire) Impact Fees: This fee is used to assist in funding the construction and improvements of new law enforcement and fire service facilities and equipment used to protect life and property.

A. The amount of the fee:

Construction Type Fee
Single Family Residential $ 1,465
Multi-Family Residential 1,483
One Bedroom Units 841
Studio Units 557
Accessory Dwelling Units (per sq.ft.-750 sq. ft./>) 0.73 Commercial Lodging Motel/Hotel 683
RV Parks & Campgrounds 683
Commercial (per sq. ft.) 0.65
Fuel Stations w/ Convenience Market (per sq. ft.) 0.65
Drive-Thru Food / Beverage Outlets (per sq. ft.) 0.65
Assisted Living Facilities (per sq. ft.) 2.03
Light Industrial (per sq. ft.) 0.31
Heavy Industrial (per sq. ft.) 0.31
B. The beginning and ending balance of the account or fund:

Beginning Balance $ 64,718
Ending Balance 546,120
C. The amount of fees collected and the investment income (loss):

Fees Collected $ 497,737
Investment Income (Loss) 5,888
D. An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees:

Project Expenditure
% Funded by
Fees
Fire Engine for Fire Station 3 22,224 100.0%
E. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete.

Sufficient funds have not been collected. See Exhibit B of Resolution 14-035 regarding the Development Impact Fee Justification Study (Table 4-2) for further detail.

City Council Agenda January 16, 2024

CITY OF PASO ROBLES
SENATE BILL 1693

ANNUAL COMPLIANCE REPORTING FOR DEVELOPMENT IMPACT FEES FOR THE FISCAL YEAR ENDING JUNE 30, 2023
6 Attachment 1
F. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, that date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan.

No interfund transfer or loans were made during the fiscal year utilizing these funds.

G. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocation pursuant to subdivision (f) of Section 66001.

No refunds were made during the fiscal year.

General Government Impact Fees: This fee is used to assist in the construction and development of facilities used by the City to provide basic governmental services such as public meeting and City Hall.

A. The amount of the fee:

Construction Type Fee
Single Family Residential $ 3,955
Multi-Family Residential 3,955
One Bedroom Units 2,230
Studio Units 1,487
Accessory Dwelling Units (per sq.ft.-750 sq. ft./>) 1.98 Commercial Lodging Motel/Hotel 118
RV Parks & Campgrounds 118
Commercial (per sq. ft.) 1.44
Fuel Stations w/ Convenience Market (per sq. ft.) 1.44
Drive-Thru Food / Beverage Outlets (per sq. ft.) 1.44
Assisted Living Facilities (per sq. ft.) 1.62
Light Industrial (per sq. ft.) 0.79
Heavy Industrial (per sq. ft.) 0.79
B. The beginning and ending balance of the account or fund:

Beginning Balance $ 7,831,717
Ending Balance 8,812,461
C. The amount of fees collected and the investment income (loss):

Fees Collected $ 963,552
Investment Income (Loss) 49,192
D. An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees:

City Council Agenda January 16, 2024

CITY OF PASO ROBLES
SENATE BILL 1693

ANNUAL COMPLIANCE REPORTING FOR DEVELOPMENT IMPACT FEES FOR THE FISCAL YEAR ENDING JUNE 30, 2023
7 Attachment 1
Project Expenditure
% Funded by
Fees
City Hall Parking Lot Feasibility Study 32,000 42.8%
E. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete.

Sufficient funds have not been collected. See Exhibit B of Resolution 14-035 regarding the Development Impact Fee Justification Study (Table 4-2) for further detail.

F. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, that date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan.

No interfund transfer or loans were made during the fiscal year utilizing these funds.

G. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocation pursuant to subdivision (f) of Section 66001.

No refunds were made during the fiscal year.

Parks and Recreation Impact Fees: This fee is used to assist in the construction and development of public facilities which improve neighborhood and community parklands as well as an aquatics center needed to serve new development.

A. The amount of the fee:

Construction Type Fee
Single Family Residential $ 3,867
Multi-Family Residential 3,867
One Bedroom Units 2,181
Studio Units 1,454
Accessory Dwelling Units (per sq.ft.-750 sq. ft./>) 1.93 B. The beginning and ending balance of the account or fund:

Beginning Balance $ 4,206,715
Ending Balance 4,828,618
C. The amount of fees collected and the investment income (loss):

Fees Collected $ 646,212
Investment Income (Loss) 33,357

City Council Agenda January 16, 2024

CITY OF PASO ROBLES
SENATE BILL 1693

ANNUAL COMPLIANCE REPORTING FOR DEVELOPMENT IMPACT FEES FOR THE FISCAL YEAR ENDING JUNE 30, 2023
8 Attachment 1
D. An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees:

Project Expenditure
% Funded by
Fees
Uptown Family Park Water Feature 25,000 25.9%
Sherwood Park Master Plan-Pickleball Courts 32,664 29.8% E. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete.

Sufficient funds have not been collected. See Exhibit B of Resolution 14-035 regarding the Development Impact Fee Justification Study (Table 4-2) for further detail.

F. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, that date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan.

No interfund transfer or loans were made during the fiscal year utilizing these funds.

G. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocation pursuant to subdivision (f) of Section 66001.

No refunds were made during the fiscal year.

Library Impact Fees: This fee is used to assist in funding the construction and improvements of the library facility sufficient to accommodate future demand generated by new development.

A. The amount of the fee:

Construction Type Fee
Single Family Residential $ 1,276
Multi-Family Residential 1,276
One Bedroom Units 719
Studio Units 479
Accessory Dwelling Units (per sq.ft.-750 sq.ft./>) 0.64

City Council Agenda January 16, 2024

CITY OF PASO ROBLES
SENATE BILL 1693

ANNUAL COMPLIANCE REPORTING FOR DEVELOPMENT IMPACT FEES FOR THE FISCAL YEAR ENDING JUNE 30, 2023
9 Attachment 1
B. The beginning and ending balance of the account or fund:

Beginning Balance $ 1,814,845
Ending Balance 2,084,439
C. The amount of fees collected and the investment income (loss):

Fees Collected $ 256,756
Investment Income (Loss) 12,838
D. An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees:

No fees were expended in the fiscal year.

E. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete.

Sufficient funds have not been collected. See Exhibit B of Resolution 14-035 regarding the Development Impact Fee Justification Study (Table 4-2) for further detail.

F. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, that date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan.

No interfund transfer or loans were made during the fiscal year utilizing these funds.

G. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocation pursuant to subdivision (f) of Section 66001.

No refunds were made during the fiscal year.

City Council Agenda January 16, 2024
Council Agenda Report
From: Ryan Cornell, Administrative Services Director
Subject: Approval of Professional Services Agreement for Federal Emergency Management Agency Public Assistance Consulting
CEQA Determination: The City finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Date: January 16, 2024
Facts

1. The Federal Emergency Management Agency (FEMA) is the federal agency responsible for leading the Nation’s effort to prepare for, protect and mitigate against, respond to, and recover from the impacts of natural disasters and man-made incidents or terrorist events.

2. FEMA’s Public Assistance Program provides supplemental grants to state, tribal, territorial, and local governments, and certain types of private non-profits for debris removal, emergency protective measures, and the restoration of disaster-damage. The program also encourages protection of these damaged facilities from future incidents by providing assistance for hazard mitigation measures.

3. The Disaster Mitigation Act of 2000 amended the Robert T. Stafford Disaster Relief and Emergency Assistance Act and created the framework for local governments to engage in hazard mitigation planning and to receive certain types of non-emergency disaster assistance. Requirements and procedures to implement hazard mitigation planning provisions may be found in the Code of Federal Regulations, Stafford Act Title 44. Any entity receiving public assistance must comply with all applicable Federal Regulations and the Public Assistance Program and Policy Guide. Needless to say, the FEMA Public Assistance process can be complex and overwhelming.

4. In January 2023, the City experienced two 100-year storms and as a result, on January 12, 2023, City Council declared a local state of emergency due to severe storm event that resulted in sustained damage to public and private infrastructure.

5. Over the past year, city staff have worked and coordinated with FEMA and the California Office of Emergency Services (Cal OES) staff in order to seek reimbursement for the damage caused by the January storms as well as for COVID related response efforts. To date, the City has not received any reimbursement related to the storms, and minimal reimbursement for the COVID pandemic. This is not to state the City will not get reimbursed for the storm damages, but rather the public assistance reimbursement process is long and tedious, resulting in a significant amount of staff time devoted towards these efforts.

6. Without a dedicated team well-versed in the interplay between insurance, FEMA, and Cal OES, recovery efforts may encounter significant disparities in scope, pricing, and expectation; this can also lead to delays in reimbursement or a shortfall of funds.

7. The City can receive grant funding under the FEMA Public Assistance Program for indirect and direct administrative costs, meaning the costs related to management of the public assistance program.

City Council Agenda January 16, 2024

8. FEMA Public Assistance consultants like Berquist Recovery Consulting, LLC, possess extensive expertise in navigating the FEMA grant process. They also have experience helping entities in over 20 states and territories obtain reimbursement for response, recovery, and mitigation. They have indepth knowledge of the FEMA guidelines, regulations, and documentation requirements. With their guidance, the City can optimize our applications and appeals, while increasing our chances of securing and keeping the funding that the City needs.

Options

1. Take no action;

2. Approve professional services agreement with Berquist Recovery Consulting, LLC in an amount notto-exceed $150,000; or

3. Provide alternative direction to staff.

Analysis and Conclusions
This year is anticipated to be an El Nino year, the first time in four years. From December through February, the National Oceanic and Atmospheric Administration (NOAA) predicts wetter-than-average conditions for portions of the West, including the Central Coast. As a result, the City’s Emergency Services Division is preparing for an Emergency Operation Center (EOC) activation at some point during this winter, similar to what occurred in Winter 2023.

In anticipation of this—and based on the lessons learned this past year—staff is recommending proactively contracting with a FEMA Public Assistance Consultant ahead of time to assist City staff in navigating FEMA’s guidelines, regulations, and documentation requirements, should the City incur substantial damage. This service will bring clarity to the requirements, help gather the necessary documentation, ensure accuracy, and eliminate potential errors in the event the City is seeking reimbursement from FEMA. Furthermore, the cost of this service can be fully recovered by FEMA’s Public Assistance program, resulting in no net fiscal impact to the City. The contract is being established as an “on-call” basis, so the City will not be incurring costs for these professional services unless there is a FEMAapproved event and costs for the services are eligible for reimbursement.

The City’s Purchasing Policy requires informal quotations from consultants for services not-to-exceed $150,000. Two consultants responded to the City’s Request for Qualifications, Ernst and Young and Berquist Recovery, LLC. Both firms are qualified, however, Berquist Recovery Consulting, LLC, having worked with the City of Grover Beach this past year, appears to be the most suitable for the City. The pricing between the two firms was the same, with Ernst and Young not interested in lower cost events.

Fiscal Impact
The total costs of Berquist Recovery Consulting, LLC for public assistance is 10% of the funds FEMA obligates for a natural disaster, or $300/hour, whichever is greater, but shall not exceed $150,000.

However, it is anticipated that all costs associated with this consultant will be reimbursed by FEMA Public Assistance Program and have no net impact to the City. Furthermore, the contract is being established as an “on-call” basis, so the City will not be incurring costs for the services unless there is a FEMA-approved event.

CEQA
The City finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

City Council Agenda January 16, 2024
Recommendation (Option x)
Approved Resolution 24-XXX, authorizing the City Manager to enter into a professional services agreement with Berquist Recovery Consulting LLC, for FEMA publica assistance consulting for an amount not-to-exceed $150,000, and to authorize the City Attorney to make minor modifications to the agreement, as needed, fully consistent with overall Council direction.

Attachments

1. Resolution 24-XXX – FEMA Consultant
a. Exhibit A - Draft Professional Services Agreement

City Council Agenda January 16, 2024
Attachment 1
RESOLUTION 24-XXX

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL PASO DE ROBLES

APPROVING A PROFESSIONAL SERVICES AGREEMENT FOR FEDERAL EMERGENCY MANAGEMENT

AGENCY PUBLIC ASSISTANCE CONSULTING WITH BERQUIST RECOVERY CONSULTING, LLC WHEREAS, the Federal Emergency Management Agency (FEMA) is the federal agency responsible for leading the Nation’s effort to prepare for, protect and mitigate against, respond to, and recover from the impacts of natural disasters and man-made incidents or terrorist events; and WHEREAS, FEMA’s Public Assistance Program provides supplemental grants to state, tribal, territorial, and local governments, and certain types of private non-profit for debris removal, emergency protective measures, and the restoration of disaster-damage; the program also encourages protection of these damaged facilities from future incidents by providing assistance for hazard mitigation measures; and
WHEREAS, any entity receiving public assistance must comply with all applicable Federal Regulations and the Public Assistance Program and Policy Guide; and WHEREAS, without a dedicated team well-versed in the interplay between insurance, FEMA, and California Office of Emergency Services (Cal OES), recovery efforts may encounter significant disparities in scope, pricing, and expectation; this can also lead to delays in reimbursement or a shortfall of funds; and
WHEREAS, FEMA Public Assistance consultants like Berquist Recovery Consulting, LLC, possess extensive expertise in navigating the FEMA grant process, help entities obtain reimbursement for response, recovery and mitigation, have in-depth knowledge of the FEMA guidelines, regulations, and documentation requirements; and
WHEREAS, with Berquist Recovery Consulting, LLC guidance, the City can optimize our applications and appeals, increase our chances of securing and keeping the funding the City needs.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL PASO DE ROBLES DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. All of the above recitals are true and correct and incorporated herein by reference.

Section 2. The City finds that this action authorizing the agreement for FEMA consulting is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, SS 15060, subd. (c)(2)-(3), 15378, because it can be seen with certainty the activity will not result in a physical change in the environment.

Section 3. The City Council hereby approves the Berquist Recover Consulting, LLC for FEMA Disaster Recovery consulting and representation services for an amount not to exceed $150,000, in substantially the form attached hereto as Exhibit A, and incorporated herein by reference, and authorizes the City Manager to execute the Agreement, subject to any minor, technical, or nonsubstantive changes as approved by the City Manager and the City Attorney.

Section 4. This Resolution shall take effect on the date it is approved by the City Council.

City Council Agenda January 16, 2024
Attachment 1
APPROVED this 16th day of January 2024, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

John R. Hamon, Jr., Mayor
ATTEST:

Melissa Boyer, City Clerk
Attachments:

Exhibit A – PSA FEMA Consultant Professional Services Agreement

City Council Agenda January 16, 2024
82477.07000\30678865.2
1 CITY OF EL PASO DE ROBLES

PROFESSIONAL SERVICES AGREEMENT
This Agreement is made and entered into as of ________________, 20____ by and between the City of El Paso de Robles, a municipal corporation organized and operating under the laws of the State of California with its principal place of business at 1000 Spring Street, Paso Robles, CA 93446 (“City”), and Berquist Recovery Consulting, LLC with its principal place of business at 136 Forum Drive, Suite 4, Columbia, South Carolina (hereinafter referred to as “Consultant”). City and Consultant are sometimes individually referred to as “Party” and collectively as “Parties” in this Agreement.

RECITALS
A. City is a public agency of the State of California and is in need of professional services for the following project: Consulting and Representation Services – FEMA Disaster Recovery (hereinafter referred to as “the Project”).

B. Consultant is duly licensed and has the necessary qualifications to provide such services.

C. The Parties desire by this Agreement to establish the terms for City to retain Consultant to provide the services described herein.

AGREEMENT
NOW, THEREFORE, IT IS AGREED AS FOLLOWS:

1. Services.

Consultant shall provide the City with the services described in the Scope of Services attached hereto as Exhibit “A”, including, but not limited to, Federal Emergency Management Agency (FEMA) grant management, grant development, policy support, project management and other applicable services.

2. Compensation.
a. Subject to paragraph 2(b) below, the City shall pay for such services in accordance with the following: City shall pay Consultant an amount equal to 10% of FEMA obligated dollars. Consultant shall submit invoices no more frequently than monthly for services rendered. Each invoice shall describe the services for which payment is requested and the person(s) rendering such service(s). Consultant represents and warrants that all services billed by Consultant comports and will comport with federal guidelines for reimbursement with federal disaster relief funds for which City applies. City shall pay the amount due to the Consultant on account of services rendered within thirty (30) days of obligation of each FEMA project. b. In no event shall the total amount paid for services rendered by Consultant under this Agreement exceed 10% of the obligated dollars by FEMA, or $150,000, whichever is less. This amount is to cover all printing and related costs, and the City will not pay any additional fees for printing expenses. Periodic payments shall be made within 30 days of receipt of an invoice which includes a detailed description of the work performed. Payments to Consultant for work performed will be made on a monthly billing basis.

Attachment 1, Exhibit A

City Council Agenda January 16, 2024
82477.07000\30678865.2
2 3. Additional Work.

If changes in the work seem merited by Consultant or the City, and informal consultations with the other party indicate that a change is warranted, it shall be processed in the following manner: a letter outlining the changes shall be forwarded to the City by Consultant with a statement of estimated changes in fee or time schedule. An amendment to this Agreement shall be prepared by the City and executed by both Parties before performance of such services, or the City will not be required to pay for the changes in the scope of work. Such amendment shall not render ineffective or invalidate unaffected portions of this Agreement.

4. Ownership of Records.

Consultant shall provide City one (1) hard copy and one (1) electronic copy of all records produced under this agreement to become property of the City upon completion of the services and payment in full of the monies due to the Consultant. Notwithstanding the ownership of records, the Consultant shall make available for examination all its records with respect to all matter covered by this Agreement during the ongoing period of service.

5. Period of Service.

Consultant shall begin rendering on-call services as of the effective date of this agreement and continue such on-call services until such time that the FEMA Project Worksheets are properly closed out or this Agreement is terminated by either party.

6. Delays in Performance.
a. Neither City nor Consultant shall be considered in default of this Agreement for delays in performance caused by circumstances beyond the reasonable control of the nonperforming party. For purposes of this Agreement, such circumstances include but are not limited to, abnormal weather conditions; floods; earthquakes; fire; epidemics; war; riots and other civil disturbances; strikes, lockouts, work slowdowns, and other labor disturbances; sabotage or judicial restraint.
b. Should such circumstances occur, the non-performing party shall, within a reasonable time of being prevented from performing, give written notice to the other party describing the circumstances preventing continued performance and the efforts being made to resume performance of this Agreement.

7. Compliance with Law.
a. Consultant shall comply with all applicable laws, ordinances, codes and regulations of the federal, state and local government, including Cal/OSHA requirements. b. If required, Consultant shall assist the City, as requested, in obtaining and maintaining all permits required of Consultant by federal, state and local regulatory agencies. c. If applicable, Consultant is responsible for all costs of clean up and/ or removal of hazardous and toxic substances spilled as a result of his or her services or operations performed under this Agreement.

Attachment 1, Exhibit A

City Council Agenda January 16, 2024
82477.07000\30678865.2
3 8. Standard of Care
Consultant’s services will be performed in accordance with generally accepted professional practices and principles and in a manner consistent with the level of care and skill ordinarily exercised by members of the profession currently practicing under similar conditions.

9. Assignment and Subconsultant
Consultant shall not assign, sublet, or transfer this Agreement or any rights under or interest in this Agreement without the written consent of the City, which may be withheld for any reason. Any attempt to so assign or so transfer without such consent shall be void and without legal effect and shall constitute grounds for termination. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement. Nothing contained herein shall prevent Consultant from employing independent associates, and subconsultants as Consultant may deem appropriate to assist in the performance of services hereunder.

10. Independent Consultant
Consultant is retained as an independent contractor and is not an employee of City. No employee or agent of Consultant shall become an employee of City. The work to be performed shall be in accordance with the work described in this Agreement, subject to such directions and amendments from City as herein provided.

11. Insurance. Consultant shall not commence work for the City until it has provided evidence satisfactory to the City it has secured all insurance required under this section. In addition, Consultant shall not allow any subcontractor to commence work on any subcontract until it has secured all insurance required under this section. a. Commercial General Liability
(i) The Consultant shall take out and maintain, during the performance of all work under this Agreement, in amounts not less than specified herein, Commercial General Liability Insurance, in a form and with insurance companies acceptable to the City. (ii) Coverage for Commercial General Liability insurance shall be at least as broad as the following:
(1) Insurance Services Office Commercial General Liability coverage (Occurrence Form CG 00 01) or exact equivalent. (iii) Commercial General Liability Insurance must include coverage for the following:
(1) Bodily Injury and Property Damage
(2) Personal Injury/Advertising Injury
(3) Premises/Operations Liability
(4) Products/Completed Operations Liability
(5) Aggregate Limits that Apply per Project
(6) Explosion, Collapse and Underground (UCX) exclusion deleted
(7) Contractual Liability with respect to this Contract Attachment 1, Exhibit A

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4 (8) Broad Form Property Damage
(9) Independent Consultants Coverage
(iv) The policy shall contain no endorsements or provisions limiting coverage for (1) contractual liability; (2) cross liability exclusion for claims or suits by one insured against another; (3) products/completed operations liability; or (4) contain any other exclusion contrary to the Agreement.
(v) The policy shall give City, its officials, officers, employees, agents and City designated volunteers additional insured status using ISO endorsement forms CG 20 10 10 01 and 20 37 10 01, or endorsements providing the exact same coverage. (vi) The general liability program may utilize either deductibles or provide coverage excess of a self-insured retention, subject to written approval by the City, and provided that such deductibles shall not apply to the City as an additional insured. b. Automobile Liability
(i) At all times during the performance of the work under this Agreement, the Consultant shall maintain Automobile Liability Insurance for bodily injury and property damage including coverage for owned, non-owned and hired vehicles, in a form and with insurance companies acceptable to the City.
(ii) Coverage for automobile liability insurance shall be at least as broad as Insurance Services Office Form Number CA 00 01 covering automobile liability (Coverage Symbol 1, any auto).
(iii) The policy shall give City, its officials, officers, employees, agents and City designated volunteers additional insured status. (iv) Subject to written approval by the City, the automobile liability program may utilize deductibles, provided that such deductibles shall not apply to the City as an additional insured, but not a self-insured retention.
c. Workers’ Compensation/Employer’s Liability
(i) Consultant certifies that he/she is aware of the provisions of Section 3700 of the California Labor Code which requires every employer to be insured against liability for workers’ compensation or to undertake self-insurance in accordance with the provisions of that code, and he/she will comply with such provisions before commencing work under this Agreement.
(ii) To the extent Consultant has employees at any time during the term of this Agreement, at all times during the performance of the work under this Agreement, the Consultant shall maintain full compensation insurance for all persons employed directly by him/her to carry out the work contemplated under this Agreement, all in accordance with the “Workers’ Compensation and Insurance Act,” Division IV of the Labor Code of the State of California and any acts amendatory thereof, and Employer’s Liability Coverage in amounts indicated herein. Consultant shall require all subconsultants to obtain and maintain, for the period required by this Agreement, workers’ compensation coverage of the same type and limits as specified in this section.

Attachment 1, Exhibit A

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5 d. Professional Liability (Errors and Omissions)
At all times during the performance of the work under this Agreement the Consultant shall maintain professional liability or Errors and Omissions insurance appropriate to its profession, in a form and with insurance companies acceptable to the City and in an amount indicated herein.

This insurance shall be endorsed to include contractual liability applicable to this Agreement and shall be written on a policy form coverage specifically designed to protect against acts, errors or omissions of the Consultant. “Covered Professional Services” as designated in the policy must specifically include work performed under this Agreement. The policy must “pay on behalf of” the insured and must include a provision establishing the insurer's duty to defend. e. Minimum Policy Limits Required
(i) The following insurance limits are required for the Agreement:

Combined Single Limit
Commercial General Liability $1,000,000 per occurrence/ $2,000,000 aggregate for bodily injury, personal injury, and property
damage
Automobile Liability $1,000,000 per occurrence for bodily injury and property damage
Employer’s Liability $1,000,000 per occurrence
Professional Liability $1,000,000 per claim and aggregate (errors and omissions)
(ii) Defense costs shall be payable in addition to the limits. (iii) Requirements of specific coverage or limits contained in this section are not intended as a limitation on coverage, limits, or other requirement, or a waiver of any coverage normally provided by any insurance. Any available coverage shall be provided to the parties required to be named as Additional Insured pursuant to this Agreement. f. Evidence Required
Prior to execution of the Agreement, the Consultant shall file with the City evidence of insurance from an insurer or insurers certifying to the coverage of all insurance required herein. Such evidence shall include original copies of the ISO CG 00 01 (or insurer’s equivalent) signed by the insurer’s representative and Certificate of Insurance (Acord Form 25-S or equivalent), together with required endorsements. All evidence of insurance shall be signed by a properly authorized officer, agent, or qualified representative of the insurer and shall certify the names of the insured, any additional insureds, where appropriate, the type and amount of the insurance, the location and operations to which the insurance applies, and the expiration date of such insurance.

Attachment 1, Exhibit A

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6 g. Policy Provisions Required
(i) Consultant shall provide the City at least thirty (30) days prior written notice of cancellation of any policy required by this Agreement, except that the Consultant shall provide at least ten (10) days prior written notice of cancellation of any such policy due to non-payment of premium. If any of the required coverage is cancelled or expires during the term of this Agreement, the Consultant shall deliver renewal certificate(s) including the General Liability Additional Insured Endorsement to the City at least ten (10) days prior to the effective date of cancellation or expiration.
(ii) The Commercial General Liability Policy and Automobile Policy shall each contain a provision stating that Consultant’s policy is primary insurance and that any insurance, self-insurance or other coverage maintained by the City or any named insureds shall not be called upon to contribute to any loss.
(iii) The retroactive date (if any) of each policy is to be no later than the effective date of this Agreement. Consultant shall maintain such coverage continuously for a period of at least three years after the completion of the work under this Agreement. Consultant shall purchase a one (1) year extended reporting period A) if the retroactive date is advanced past the effective date of this Agreement; B) if the policy is cancelled or not renewed; or C) if the policy is replaced by another claims-made policy with a retroactive date subsequent to the effective date of this Agreement.
(iv) All required insurance coverages, except for the professional liability coverage, shall contain or be endorsed to waiver of subrogation in favor of the City, its officials, officers, employees, agents, and volunteers or shall specifically allow Consultant or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Consultant hereby waives its own right of recovery against City, and shall require similar written express waivers and insurance clauses from each of its subconsultants.
(v) The limits set forth herein shall apply separately to each insured against whom claims are made or suits are brought, except with respect to the limits of liability.

Further the limits set forth herein shall not be construed to relieve the Consultant from liability in excess of such coverage, nor shall it limit the Consultant’s indemnification obligations to the City and shall not preclude the City from taking such other actions available to the City under other provisions of the Agreement or law.
h. Qualifying Insurers
(i) All policies required shall be issued by acceptable insurance companies, as determined by the City, which satisfy the following minimum requirements:
(1) Each such policy shall be from a company or companies with a current A.M. Best's rating of no less than A:VII and admitted to transact in the business of insurance in the State of California, or otherwise allowed to place insurance through surplus line brokers under applicable provisions of the California Insurance Code or any federal law.

Attachment 1, Exhibit A

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82477.07000\30678865.2
7 i. Additional Insurance Provisions
(i) The foregoing requirements as to the types and limits of insurance coverage to be maintained by Consultant, and any approval of said insurance by the City, is not intended to and shall not in any manner limit or qualify the liabilities and obligations otherwise assumed by the Consultant pursuant to this Agreement, including but not limited to, the provisions concerning indemnification.
(ii) If at any time during the life of the Agreement, any policy of insurance required under this Agreement does not comply with these specifications or is canceled and not replaced, City has the right but not the duty to obtain the insurance it deems necessary and any premium paid by City will be promptly reimbursed by Consultant or City will withhold amounts sufficient to pay premium from Consultant payments. In the alternative, City may cancel this Agreement.
(iii) The City may require the Consultant to provide complete copies of all insurance policies in effect for the duration of the Project. (iv) Neither the City nor any of its officials, officers, employees, agents or volunteers shall be personally responsible for any liability arising under or by virtue of this Agreement.
j. Subconsultant Insurance Requirements. Consultant shall not allow any subcontractors or subconsultants to commence work on any subcontract until they have provided evidence satisfactory to the City that they have secured all insurance required under this section.

Policies of commercial general liability insurance provided by such subcontractors or subconsultants shall be endorsed to name the City as an additional insured using ISO form CG 20 38 04 13 or an endorsement providing the exact same coverage. If requested by Consultant, City may approve different scopes or minimum limits of insurance for particular subcontractors or subconsultants.

12. Indemnification.
a. To the fullest extent permitted by law, Consultant shall defend (with counsel of City’s choosing), indemnify and hold the City, its officials, officers, employees, volunteers, and agents free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury of any kind, in law or equity, to property or persons, including wrongful death, in any manner arising out of, pertaining to, or incident to any acts, errors or omissions, or willful misconduct of Consultant, its officials, officers, employees, subcontractors, consultants or agents in connection with the performance of the Consultant’s services, the Project or this Agreement, including without limitation the payment of all damages, expert witness fees and attorney’s fees and other related costs and expenses. Consultant's obligation to indemnify shall not be restricted to insurance proceeds, if any, received by Consultant, the City, its officials, officers, employees, agents, or volunteers.
b. If Consultant’s obligation to defend, indemnify, and/or hold harmless arises out of Consultant’s performance of “design professional” services (as that term is defined under Civil Code section 2782.8), then, and only to the extent required by Civil Code section 2782.8, which is fully incorporated herein, Consultant’s indemnification obligation shall be limited to claims that arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of the Consultant, and, upon Consultant obtaining a final adjudication by a court of competent Attachment 1, Exhibit A

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8 jurisdiction, Consultant’s liability for such claim, including the cost to defend, shall not exceed the Consultant’s proportionate percentage of fault.

13. California Labor Code Requirements.
a. Consultant is aware of the requirements of California Labor Code Sections 1720 et seq. and 1770 et seq., which require the payment of prevailing wage rates and the performance of other requirements on certain “public works” and “maintenance” projects (“Prevailing Wage Laws”). If the services are being performed as part of an applicable “public works” or “maintenance” project, as defined by the Prevailing Wage Laws, and if the total compensation is $1,000 or more, Consultant agrees to fully comply with such Prevailing Wage Laws. Consultant shall defend, indemnify and hold the City, its officials, officers, employees and agents free and harmless from any claims, liabilities, costs, penalties or interest arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. It shall be mandatory upon the Consultant and all subconsultants to comply with all California Labor Code provisions, which include but are not limited to prevailing wages (Labor Code Sections 1771, 1774 and 1775), employment of apprentices (Labor Code Section 1777.5), certified payroll records (Labor Code Sections 1771.4 and 1776), hours of labor (Labor Code Sections 1813 and 1815) and debarment of contractors and subcontractors (Labor Code Section 1777.1). The requirement to submit certified payroll records directly to the Labor Commissioner under Labor Code section 1771.4 shall not apply to work performed on a public works project that is exempt pursuant to the small project exemption specified in Labor Code Section 1771.4. b. If the services are being performed as part of an applicable “public works” or “maintenance” project, then pursuant to Labor Code Sections 1725.5 and 1771.1, the Consultant and all subconsultants performing such services must be registered with the Department of Industrial Relations. Consultant shall maintain registration for the duration of the Project and require the same of any subconsultants, as applicable. This Project may also be subject to compliance monitoring and enforcement by the Department of Industrial Relations. It shall be Consultant’s sole responsibility to comply with all applicable registration and labor compliance requirements. Notwithstanding the foregoing, the contractor registration requirements mandated by Labor Code Sections 1725.5 and 1771.1 shall not apply to work performed on a public works project that is exempt pursuant to the small project exemption specified in Labor Code Sections 1725.5 and 1771.1.
c. This Agreement may also be subject to compliance monitoring and enforcement by the Department of Industrial Relations. It shall be Consultant’s sole responsibility to comply with all applicable registration and labor compliance requirements. Any stop orders issued by the Department of Industrial Relations against Consultant or any subcontractor that affect Consultant’s performance of services, including any delay, shall be Consultant’s sole responsibility. Any delay arising out of or resulting from such stop orders shall be considered Consultant caused delay and shall not be compensable by the City. Consultant shall defend, indemnify and hold the City, its officials, officers, employees and agents free and harmless from any claim or liability arising out of stop orders issued by the Department of Industrial Relations against Consultant or any subcontractor.

14. Verification of Employment Eligibility.

By executing this Agreement, Consultant verifies that it fully complies with all requirements and restrictions of state and federal law respecting the employment of undocumented aliens, including, but not limited to, the Immigration Reform and Control Act of 1986, as may be amended Attachment 1, Exhibit A

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82477.07000\30678865.2
9 from time to time, and shall require all subconsultants and sub-subconsultants to comply with the same.

15. Laws and Venue.

This Agreement shall be interpreted in accordance with the laws of the State of California.

If any action is brought to interpret or enforce any term of this Agreement, the action shall be brought in a state or federal court situated in the County of San Luis Obispo, State of California.

16. Termination or Abandonment
a. City has the right to terminate or abandon any portion or all of the work under this Agreement by giving ten (10) calendar days written notice to Consultant. In such event, City shall be immediately given title and possession to all original field notes, drawings and specifications, written reports and other documents produced or developed for that portion of the work completed and/or being abandoned. City shall pay Consultant the reasonable value of services rendered for any portion of the work completed prior to termination. If said termination occurs prior to completion of any task for the Project for which a payment request has not been received, the charge for services performed during such task shall be the reasonable value of such services, based on an amount mutually agreed to by City and Consultant of the portion of such task completed but not paid prior to said termination. City shall not be liable for any costs other than the charges or portions thereof which are specified herein. Consultant shall not be entitled to payment for unperformed services, and shall not be entitled to damages or compensation for termination of work.
b. Consultant may terminate its obligation to provide further services under this Agreement upon ten (10) calendar days’ written notice to City only in the event of substantial failure by City to perform in accordance with the terms of this Agreement through no fault of Consultant.

17. Documents. Except as otherwise provided in “Termination or Abandonment,” above, all original field notes, written reports, Drawings and Specifications and other documents, produced or developed for the Project shall, upon payment in full for the services described in this Agreement, be furnished to and become the property of the City.

18. Limitation of Agreement.

This Agreement is limited to and includes only the work included in the Project described above.

19. Notice
Any notice or instrument required to be given or delivered by this Agreement may be given or delivered by depositing the same in any United States Post Office, certified mail, return receipt requested, postage prepaid, addressed to:

CITY:

City of El Paso de Robles
1000 Spring Street
Paso Robles, CA 93446
Attn: Catherine Piatti, Finance Manager
CONSULTANT:
[***INSERT NAME, ADDRESS & CONTACT
PERSON***]
Attachment 1, Exhibit A

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10 20. Third Party Rights
Nothing in this Agreement shall be construed to give any rights or benefits to anyone other than the City and the Consultant.

21. Equal Opportunity Employment.

Consultant represents that it is an equal opportunity employer and that it shall not discriminate against any employee or applicant for employment because of race, religion, color, national origin, ancestry, sex, age or other interests protected by the State or Federal Constitutions. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination.

22. Entire Agreement
This Agreement, with its exhibits, represents the entire understanding of City and Consultant as to those matters contained herein, and supersedes and cancels any prior or contemporaneous oral or written understanding, promises or representations with respect to those matters covered hereunder. Each party acknowledges that no representations, inducements, promises or agreements have been made by any person which are not incorporated herein, and that any other agreements shall be void. This Agreement may not be modified or altered except in writing signed by both Parties hereto. This is an integrated Agreement.

23. Severability
The unenforceability, invalidity or illegality of any provision(s) of this Agreement shall not render the provisions unenforceable, invalid or illegal.

24. Successors and Assigns
This Agreement shall be binding upon and shall inure to the benefit of the successors in interest, executors, administrators and assigns of each party to this Agreement. However, Consultant shall not assign or transfer by operation of law or otherwise any or all of its rights, burdens, duties or obligations without the prior written consent of City. Any attempted assignment without such consent shall be invalid and void.

25. Non-Waiver
None of the provisions of this Agreement shall be considered waived by either party, unless such waiver is specifically specified in writing.

26. City’s Right to Employ Other Consultants
City reserves its right to employ other consultants, including engineers, in connection with this Project or other projects.

27. Prohibited Interests
Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company Attachment 1, Exhibit A

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82477.07000\30678865.2
11 or person, other than a bona fide employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, City shall have the right to rescind this Agreement without liability. For the term of this Agreement, no director, official, officer or employee of City, during the term of his or her service with City, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

28. FEMA Funding Requirements
FEMA financial assistance will be used to fund all or a portion of this Agreement. The Consultant shall comply with all federal requirements including, but not limited to, the following:

1. 2 C.F.R. Part 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, which is expressly incorporated herein by reference.

2. Federal Contract Provisions attached hereto as Exhibit “B” and incorporated herein by reference.

Subcontracts, if any, shall contain a provision making them subject to all of the provisions stipulated in the Agreement, including but not limited to, 2 C.F.R. Part 200 and the Federal Contract Provisions. With respect to any conflict between such federal requirements and the terms of this Agreement and/or the provisions of state law and except as otherwise required under federal law or regulation, the more stringent requirement shall control. [SIGNATURES ON FOLLOWING PAGE]
Attachment 1, Exhibit A

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12 SIGNATURE PAGE FOR PROFESSIONAL SERVICES AGREEMENT BETWEEN

THE CITY OF EL PASO DE ROBLES AND BERQUIST RECOVERY CONSULTING, LLC
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

CITY OF EL PASO DE ROBLES [INSERT NAME OF CONSULTANT]
By: By:

Ty Lewis
City Manager Its:

Printed Name:

CITY ATTORNEY APPROVAL:

By:

City Attorney
REVIEWED:

By:

City Project Manager
Attachment 1, Exhibit A

City Council Agenda January 16, 2024
Scope of Services
Consulting and Representation Services – Disaster Recovery CONSULTANT will provide professional services and technical assistance to support the Applicant to apply for Public Assistance for Post Declaration Activities, Project Listing Development and Project Formulation as described in Attachment A.

CONSULTANT will assist with documenting activities performed before, during and after the disaster.
• Grant Management
The CONSULTANT is to provide assistance and support for grants management and administration as needed for federal and state programs, including primarily, but not limited to, the Federal Emergency Management Agency Public Assistance Program and Federal Emergency Management Agency Hazard Mitigation Program.

The CONSULTANT shall work closely and collaborate with various funding agencies and internal City departments to ensure the proper use and application of federal and state funds. The CONSULTANT shall focus on maximizing eligible, allocable federal dollars. The CONSULTANT will provide technical knowledge and experience, proven business processes, and policy strategies. In order to develop and implement the framework of grant activities, the CONSULTANT may perform services and work to complete the following objectives and tasks:
• Effectively maintain efficient and complete records concerning any and all applicable grant programs.
• Compile and summarize/justify costs for presentation to Federal agencies and State agencies for reimbursement of eligible costs, ensuring compliance with applicable regulations.
• Attend meetings with City, Federal agencies, and State agencies to negotiate and represent Project Worksheet’s and the obligation of eligible amounts. • Provide grant management advice to maximize reimbursements of disaster recovery expenses.
• Provide advice to City personnel and consultants; attend and participate in meetings as required.
• Prepare draft correspondence to local, Federal and State officials as necessary.

Attachment 1, Exhibit A
EXHIBIT “A”

City Council Agenda January 16, 2024
• Prepare and conduct the closeout process, ensuring maximum recovery and retention of all eligible funding, satisfactory disposition of appeals and availability of supporting documents for future audits. • Keep track and monitor CONSULTANTS own time and activates by project, or as allowable under the provisions of Federal guidance for direct administrative, indirect, and project management costs. • Provide written performance and status reports to City on the status of the FEMA Public Assistance program and other grant programs as requested.

The performance and status reports should include, but not limited to, the following:
• Hours billed and amount invoiced by personnel
• Project Worksheets and grant application development and revisions • Project Worksheets and grant application submissions and approvals • Obligated amounts versus eligible estimates
• Issues with Project Worksheets and grant application submissions and resolutions
• Issues requiring assistance
• Amounts awarded to City per Project Worksheets and grant application • Requests for reimbursement submitted
• Estimated and actual costs
• Reimbursements received by City
• Grant Development
The CONSULTANT shall provide services to maximize grant funding for City, including but not limited to the following objectives and tasks:

1.2.1 Prepare and coordinate the development of Project Worksheets and versions as required with City, Federal agencies and State agencies. This includes project development, formulation, and processing as required for small and large projects.

1.2.2 Prepare, submit and track Hazard Mitigation Grant program applications as required. This includes project or program development, formulation, processing, and monitoring as required.

1.2.3 Review eligibility issues for City and develop justifications for presentation to the Federal Agencies, and State agencies. All eligible damages shall be incorporated into Project Worksheets and grant applications with supporting documentation and proper cost estimates, using the FEMA Cost Estimating Format when necessary.

1.2.4 Review contracts, bid documentation, change orders, and other records to support the proper preparation of Project Worksheet’s, grant applications and eligible activities.

Attachment 1, Exhibit A

City Council Agenda January 16, 2024

1.3 Policy Support
The CONSULTANT shall provide support to City on all relative grant policies, including but not limited to providing City with any changes in policies, procedures, processes or deadlines throughout the financial disaster recovery process. • Additional Services
The CONSULTANT shall provide professional experts to prepare damage assessments and technical reviews and oversight in the furtherance of program objectives.
• Project Management
The CONSULTANT shall perform work that is considered Project Management in order to seamlessly and efficiently support City grants and programs objectives. • Contact City departments and consultants for information and coordinate their participation.
• Oversee and coordinate project decisions
• Participate in document management
• Assist in processing and tracking financial transactions related to such grants • Other project management activities as requested
• Provide coordination services between City departments on capital projects.

Attachment 1, Exhibit A

City Council Agenda January 16, 2024
EXHIBIT “B”

FEDERAL CONTRACT PROVISIONS
During the performance of this Agreement, Consultant shall comply with all applicable federal laws and regulations including but not limited to the federal contract provisions in this Exhibit.

1. REQUIRED CONTRACT PROVISIONS IN ACCORDANCE WITH APPENDIX II TO PART 200 – CONTRACT PROVISIONS FOR NON-FEDERAL ENTITY CONTRACTS UNDER FEDERAL AWARDS (2 C.F.R. § 200.327)
(a) Appendix II to Part 200 (A); Appendix II to Part 200 (B): Remedies for Breach; Termination for Cause/Convenience. The Agreement includes provisions for both remedies for breach and termination.
(b) Appendix II to Part 200 (C) – Equal Employment Opportunity: Except as otherwise provided under 41 C.F.R. Part 60, if this Agreement meets the definition of a “federally assisted construction contract” in 41 C.F.R. § 60-1.3, then Consultant shall comply with the following equal opportunity clause, in accordance with Executive Order 11246 of September 24, 1965 entitled “Equal Employment Opportunity,” as amended by Executive Order 11375 of October 13, 1967 and implementation regulations at 41 C.F.R. Chapter 60:
(i) Consultant will not discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, or national origin. The Consultant will take affirmative action to ensure that applicants are employed, and that employees are treated during employment without regard to their race, color, religion, sex, sexual orientation, gender identity, or national origin. Such action shall include, but not be limited to the following: Employment, upgrading, demotion, or transfer; recruitment or recruitment advertising; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship. The Consultant agrees to post in conspicuous places, available to employees and applicants for employment, notices to be provided setting forth the provisions of this nondiscrimination clause.
(ii) Consultant will, in all solicitations or advertisements for employees placed by or on behalf of the Consultant, state that all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.
(iii) Consultant will not discharge or in any other manner discriminate against any employee or applicant for employment because such employee or applicant has inquired about, discussed, or disclosed the compensation of the employee or applicant or another employee or applicant. This provision shall not apply to instances in which an employee who has access to the compensation information of other employees or applicants as a part of such employee's essential job functions discloses the compensation of such other employees or applicants to individuals who do not otherwise have access to such information, unless such disclosure is in response to a formal complaint or charge, in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or is consistent with the Consultant's legal duty to furnish information. (iv) Consultant will send to each labor union or representative of workers with which he has a collective bargaining agreement or other contract or understanding, a notice to be provided advising the said labor union or workers' representatives of the Consultant's Attachment 1, Exhibit A

City Council Agenda January 16, 2024
commitments under this section, and shall post copies of the notice in conspicuous places available to employees and applicants for employment.
(v) Consultant will comply with all provisions of Executive Order 11246 of September 24, 1965, and of the rules, regulations, and relevant orders of the Secretary of Labor. (vi) Consultant will furnish all information and reports required by Executive Order 11246 of September 24, 1965, and by rules, regulations, and orders of the Secretary of Labor, or pursuant thereto, and will permit access to his books, records, and accounts by the administering agency and the Secretary of Labor for purposes of investigation to ascertain compliance with such rules, regulations, and orders.
(vii) In the event of the Consultant's noncompliance with the nondiscrimination clauses of this Agreement or with any of the said rules, regulations, or orders, this Agreement may be canceled, terminated, or suspended in whole or in part and the Consultant may be declared ineligible for further Government contracts or federally assisted construction contracts in accordance with procedures authorized in Executive Order 11246 of September 24, 1965, and such other sanctions may be imposed and remedies invoked as provided in Executive Order 11246 of September 24, 1965, or by rule, regulation, or order of the Secretary of Labor, or as otherwise provided by law.
(viii) The Consultant will include the portion of the sentence immediately preceding paragraph (i) and the provisions of paragraphs (i) through (vii) in every subcontract or purchase order unless exempted by rules, regulations, or orders of the Secretary of Labor issued pursuant to section 204 of Executive Order 11246 of September 24, 1965, so that such provisions will be binding upon each subcontractor or vendor. The Consultant will take such action with respect to any subcontract or purchase order as the administering agency may direct as a means of enforcing such provisions, including sanctions for noncompliance.

Provided, however, that in the event a Consultant becomes involved in, or is threatened with, litigation with a subcontractor or vendor as a result of such direction by the administering agency, the Consultant may request the United States to enter into such litigation to protect the interests of the United States.

The applicant further agrees that it will be bound by the above equal opportunity clause with respect to its own employment practices when it participates in federally assisted construction work: Provided, That if the applicant so participating is a State or local government, the above equal opportunity clause is not applicable to any agency, instrumentality or subdivision of such government which does not participate in work on or under the Agreement.

The applicant agrees that it will assist and cooperate actively with the administering agency and the Secretary of Labor in obtaining the compliance of contractors and subcontractors with the equal opportunity clause and the rules, regulations, and relevant orders of the Secretary of Labor, that it will furnish the administering agency and the Secretary of Labor such information as they may require for the supervision of such compliance, and that it will otherwise assist the administering agency in the discharge of the agency's primary responsibility for securing compliance.

The applicant further agrees that it will refrain from entering into any contract or contract modification subject to Executive Order 11246 of September 24, 1965, with a contractor debarred from, or who has not demonstrated eligibility for, Government contracts and federally assisted construction contracts pursuant to the Executive Order and will carry out such Attachment 1, Exhibit A

City Council Agenda January 16, 2024
sanctions and penalties for violation of the equal opportunity clause as may be imposed upon contractors and subcontractors by the administering agency or the Secretary of Labor pursuant to Part II, Subpart D of the Executive Order. In addition, the applicant agrees that if it fails or refuses to comply with these undertakings, the administering agency may take any or all of the following actions: Cancel, terminate, or suspend in whole or in part this grant (contract, loan, insurance, guarantee); refrain from extending any further assistance to the applicant under the program with respect to which the failure or refund occurred until satisfactory assurance of future compliance has been received from such applicant; and refer the case to the Department of Justice for appropriate legal proceedings.
(c) Appendix II to Part 200 (D) – Davis-Bacon Act; Copeland Act: Not applicable to this Agreement.
(d) Appendix II to Part 200 (E) – Contract Work Hours and Safety Standards Act:
(i) If this Agreement is in excess of $100,000 and involves the employment of mechanics or laborers, Consultant shall comply with 40 U.S.C. 3702 and 3704, as supplemented by Department of Labor regulations (29 C.F.R. Part 5). Under 40 U.S.C. 3702, each contractor must be required to compute the wages of every mechanic and laborer on the basis of a standard work week of 40 hours. Work in excess of the standard work week is permissible provided that the worker is compensated at a rate of not less than one and a half times the basic rate of pay for all hours worked in excess of 40 hours in the work week. The requirements of 40 U.S.C. 3704 are applicable to construction work and provide that no laborer or mechanic must be required to work in surroundings or under working conditions which are unsanitary, hazardous or dangerous.

These requirements do not apply to the purchases of supplies or materials or articles ordinarily available on the open market, or contracts for transportation or transmission of intelligence. (ii) Overtime Requirements. No contractor or subcontractor contracting for any part of the contract work which may require or involve the employment of laborers or mechanics shall require or permit any such laborer or mechanic in any workweek in which he or she is employed on such work to work in excess of forty hours in such workweek unless such laborer or mechanic receives compensation at a rate not less than one and one-half times the basic rate of pay for all hours worked in excess of forty hours in such workweek. (iii) Violation; liability for unpaid wages; liquidated damages. In the event of any violation of the clause set forth in paragraph (ii) of this section the contractor and any subcontractor responsible therefor shall be liable for the unpaid wages. In addition, such contractor and subcontractor shall be liable to the United States (in the case of work done under contract for the District of Columbia or a territory, to such District or to such territory), for liquidated damages. Such liquidated damages shall be computed with respect to each individual laborer or mechanic, including watchmen and guards, employed in violation of the clause set forth in paragraph (ii) of this section, in the sum of $10 for each calendar day on which such individual was required or permitted to work in excess of the standard workweek of forty hours without payment of the overtime wages required by the clause set forth in paragraph (ii) of this section. (iv) Withholding for unpaid wages and liquidated damages. The City shall upon its own action or upon written request of an authorized representative of the Department of Labor withhold or cause to be withheld, from any moneys payable on account of work performed by the Consultant or subcontractor under any such contract or any other Federal contract with the same prime contractor, or any other federally-assisted contract subject to the Contract Work Hours and Safety Standards Act, which is held by the same prime contractor, such sums as may be Attachment 1, Exhibit A

City Council Agenda January 16, 2024
determined to be necessary to satisfy any liabilities of such contractor or subcontractor for unpaid wages and liquidated damages as provided in the clause set forth in paragraph (iii) of this section. (v) Subcontracts. The Consultant or subcontractor shall insert in any subcontracts the clauses set forth in paragraph (ii) through (v) of this Section and also a clause requiring the subcontractors to include these clauses in any lower tier subcontracts. The Consultant shall be responsible for compliance by any subcontractor or lower tier subcontractor with the clauses set forth in paragraphs (ii) through (v) of this Section. (e) Appendix II to Part 200 (F) – Rights to Inventions Made Under a Contract or Agreement:
(i) If the Federal award meets the definition of “funding agreement” under 37 C.F.R. § 401.2(a) and the non-Federal entity wishes to enter into a contract with a small business firm or nonprofit organization regarding the substitution of parties, assignment or performance of experimental, developmental, or research work under that “funding agreement,” the non-Federal entity must comply with the requirements of 37 C.F.R. Part 401 (Rights to Inventions Made by Nonprofit Organizations and Small Business Firms Under Government Grants, Contracts and Cooperative Agreements), and any implementing regulations issued by the City. (ii) The regulation at 37 C.F.R. § 401.2(a) currently defines “funding agreement” as any contract, grant, or cooperative agreement entered into between any Federal agency, other than the Tennessee Valley Authority, and any contractor for the performance of experimental, developmental, or research work funded in whole or in part by the Federal government. This term also includes any assignment, substitution of parties, or subcontract of any type entered into for the performance of experimental, developmental, or research work under a funding agreement as defined in the first sentence of this paragraph. (iii) This requirement does not apply to the Public Assistance, Hazard Mitigation Grant Program, Fire Management Assistance Grant Program, Crisis Counseling Assistance and Training Grant Program, Disaster Case Management Grant Program, and Federal Assistance to Individuals and Households – Other Needs Assistance Grant Program, as FEMA awards under these programs do not meet the definition of “funding agreement.” (f) Appendix II to Part 200 (G) – Clean Air Act and Federal Water Pollution Control Act: If this Agreement is in excess of $150,000, Consultant shall comply with all applicable standards, orders, or requirements issued pursuant to the Clean Air Act (42 U.S.C. 7401-7671q) and the Federal Water Pollution Control Act as amended (33 U.S.C. 1251-1387). (i) Pursuant to the Clean Air Act, (1) Consultant agrees to comply with all applicable standards, orders or regulations issued pursuant to the Clean Air Act, as amended, 42 U.S.C. § 7401 et seq., (2) Consultant agrees to report each violation to the City and understands and agrees that the City will, in turn, report each violation as required to assure notification to the Federal awarding agency and the appropriate Environmental Protection Agency Regional Office, and (3) Consultant agrees to include these requirements in each subcontract exceeding $150,000.
(ii) Pursuant to the Federal Water Pollution Control Act, (1) Consultant agrees to comply with all applicable standards, orders or regulations issued pursuant to the Federal Water Pollution Control Act, as amended, 33 U.S.C. 1251 et seq., (2) Consultant agrees to report each violation to the City and understands and agrees that the City will, in turn, report each Attachment 1, Exhibit A

City Council Agenda January 16, 2024
violation as required to assure notification to the Federal awarding agency and the appropriate Environmental Protection Agency Regional Office, and (3) Consultant agrees to include these requirements in each subcontract exceeding $150,000.
(g) Appendix II to Part 200 (H) – Debarment and Suspension: A contract award (see 2 C.F.R. § 180.220) must not be made to parties listed on the government wide exclusions in the System for Award Management (SAM), in accordance with the OMB guidelines at 2 CFR 180 that implement Executive Orders 12549 (3 C.F.R. part 1986 Comp., p. 189) and 12689 (3 C.F.R. part 1989 Comp., p. 235), “Debarment and Suspension.” SAM Exclusions contains the names of parties debarred, suspended, or otherwise excluded by agencies, as well as parties declared ineligible under statutory or regulatory authority other than Executive Order 12549. (i) This Agreement is a covered transaction for purposes of 2 C.F.R. pt. 180 and 2 C.F.R. pt. 3000. As such Consultant is required to verify that none of the Consultant, its principals (defined at 2 C.F.R. § 180.995), or its affiliates (defined at 2 C.F.R. § 180.905) are excluded (defined at 2 C.F.R. § 180.940) or disqualified (defined at 2 C.F.R. § 180.935). (ii) Consultant must comply with 2 C.F.R. pt. 180, subpart C and 2 C.F.R. pt. 3000, subpart C and must include a requirement to comply with these regulations in any lower tier covered transaction it enters into.
(iii) This certification is a material representation of fact relied upon by City. If it is later determined that Consultant did not comply with 2 C.F.R. pt. 180, subpart C and 2 C.F.R. pt. 3000, subpart C, in addition to remedies available to the City, the Federal Government may pursue available remedies, including but not limited to suspension and/or debarment. (iv) Consultant warrants that it is not debarred, suspended, or otherwise excluded from or ineligible for participation in any federal programs. Consultant also agrees to verify that all subcontractors performing work under this Agreement are not debarred, disqualified, or otherwise prohibited from participation in accordance with the requirements above. Consultant further agrees to notify the City in writing immediately if Consultant or its subcontractors are not in compliance during the term of this Agreement.
(h) Appendix II to Part 200 (I) – Byrd Anti-Lobbying Act: If this Agreement is in excess of $100,000, Consultant shall have submitted and filed the required certification pursuant to the Byrd Anti-Lobbying Amendment (31 U.S.C. § 1353). If at any time during the contract term funding exceeds $100,000.00, Consultant shall file with the City the Federal Standard Form LLL titled “Disclosure Form to Report Lobbying.” Vendors that apply or bid for an award exceeding $100,000 must file the required certification. Each tier certifies to the tier above that it will not and has not used Federal appropriated funds to pay any person or organization for influencing or attempting to influence an officer or employee of any agency, a member of Congress, officer or employee of Congress, or an employee of a member of Congress in connection with obtaining any Federal contract, grant or any other award covered by 31 U.S.C. 1352. Each tier must also disclose any lobbying with non-Federal funds that takes place in connection with obtaining any Federal award. Such disclosures are forwarded from tier to tier up to the recipient who in turn will forward the certification(s) to the awarding agency.
(i) Appendix II to Part 200 (J) – §200.323 Procurement of Recovered Materials:
(i) Consultant shall comply with section 6002 of the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act. The requirements of Section 6002 Attachment 1, Exhibit A

City Council Agenda January 16, 2024
include procuring only items designated in guidelines of the Environmental Protection Agency (EPA) at 40 C.F.R. part 247 that contain the highest percentage of recovered materials practicable, consistent with maintaining a satisfactory level of competition, where the purchase price of the item exceeds $10,000 or the value of the quantity acquired during the preceding fiscal year exceeded $10,000; procuring solid waste management services in a manner that maximizes energy and resource recovery; and establishing an affirmative procurement. (ii) Such disclosures are forwarded from tier to tier up to the recipient who in turn will forward the certification(s) to the awarding agency. (iii) Information about this requirement, along with the list of EPA-designate items, is available at EPA’s Comprehensive Procurement Guidelines web site, https://www.epa.gov/smm/comprehensive-procurement-guideline-cpg-program. (iv) The Consultant also agrees to comply with all other applicable requirements of Section 6002 of the Solid Waste Disposal Act.” (j) Appendix II to Part 200 (K) – §200.216 Prohibition on Certain Telecommunications and Video Surveillance Services or Equipment:
(i) Consultant shall not contract (or extend or renew a contract) to procure or obtain equipment, services, or systems that uses covered telecommunications equipment or services as a substantial or essential component of any system, or as critical technology as part of any system funded under this Contract. As described in Public Law 115–232, section 889, covered telecommunications equipment is telecommunications equipment produced by Huawei Technologies Company or ZTE Corporation (or any subsidiary or affiliate of such entities). (1) For the purpose of public safety, security of government facilities, physical security surveillance of critical infrastructure, and other national security purposes, video surveillance and telecommunications equipment produced by Hytera Communications Corporation, Hangzhou Hikvision Digital Technology Company, or Dahua Technology Company (or any subsidiary or affiliate of such entities).
(2) Telecommunications or video surveillance services provided by such entities or using such equipment.
(3) Telecommunications or video surveillance equipment or services produced or provided by an entity that the Secretary of Defense, in consultation with the Director of the National Intelligence or the Director of the Federal Bureau of Investigation, reasonably believes to be an entity owned or controlled by, or otherwise connected to, the government of a covered foreign country.
(ii) See Public Law 115-232, section 889 for additional information. (k) Appendix II to Part 200 (L) – §200.322 Domestic Preferences for Procurement:
(i) Consultant shall, to the greatest extent practicable, purchase, acquire, or use goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products). The requirements of this section must be included in all subcontracts
Attachment 1, Exhibit A

City Council Agenda January 16, 2024
(ii) For purposes of this section:
(1) “Produced in the United States’’ means, for iron and steel products, that all manufacturing processes, from the initial melting stage through the application of coatings, occurred in the United States.
(2) ‘‘Manufactured products’’ means items and construction materials composed in whole or in part of nonferrous metals such as aluminum; plastics and polymer-based products such as polyvinyl chloride pipe; aggregates such as concrete; glass, including optical fiber; and lumber.

2. CONTRACTING WITH SMALL AND MINORITY FIRMS, WOMEN’S BUSINESS ENTERPRISE AND LABOR SURPLUS AREA FIRMS (2 C.F.R. § 200.321) (a) Consultant shall be subject to 2 C.F.R. § 200.321 and will take affirmative steps to assure that minority firms, women’s business enterprises, and labor surplus area firms are used when possible and will not be discriminated against on the grounds of race, color, religious creed, sex, or national origin in consideration for an award.
(b) Affirmative steps shall include:
(i) Placing qualified small and minority businesses and women's business enterprises on solicitation lists;
(ii) Assuring that small and minority businesses, and women's business enterprises are solicited whenever they are potential sources; (iii) Dividing total requirements, when economically feasible, into smaller tasks or quantities to permit maximum participation by small and minority business, and women's business enterprises;
(iv) Establishing delivery schedules, where the requirement permits, which encourage participation by small and minority business, and women's business enterprises; and (v) Using the services/assistance of the Small Business Administration (SBA), and the Minority Business Development Agency (MBDA) of the Department of Commerce.

Consultant shall submit evidence of compliance with the foregoing affirmative steps when requested by City.

3. ACCESS TO RECORDS & RECORD RETENTION
(a) Access to Records. The following access to records requirements apply to this Agreement:
(i) The Consultant agrees to provide the State, City, the FEMA Administrator, the Comptroller General of the United States, or any of their authorized representatives access to any books, documents, papers, and records of the Consultant which are directly pertinent to this Agreement for the purposes of making audits, examinations, excerpts, and transcriptions.

Attachment 1, Exhibit A

City Council Agenda January 16, 2024
(ii) The Consultant agrees to permit any of the foregoing parties to reproduce by any means whatsoever or to copy excerpts and transcriptions as reasonably needed. (iii) The Consultant agrees to provide the FEMA Administrator or his authorized representatives access to construction or other work sites pertaining to the work being completed under the Agreement.
(iv) In compliance with the Disaster Recovery Act of 2018, the City and the Consultant acknowledge and agree that no language in this Agreement is intended to prohibit audits or internal reviews by the FEMA Administrator or the Comptroller General of the United States.

4. MISCELLANEOUS PROVISIONS
(a) The Consultant shall not use the DHS seal(s), logos, crests, or reproductions of flags or likenesses of DHS agency officials without specific FEMA preapproval. (b) This is an acknowledgement that FEMA financial assistance will be used to fund all or a portion of this Agreement. The Consultant will comply with all applicable federal law, regulations, executive orders, FEMA policies, procedures, and directives. (c) Consultant acknowledges that 31 U.S.C. Chapter 38 (Administrative Remedies for False Claims and Statements) applies to the Consultant’s actions pertaining to this Agreement. (d) The Federal Government is not a party to this Agreement and is not subject to any obligations or liabilities to the City, Consultant, any subcontractors or any other party pertaining to any matter resulting from the Agreement.

Attachment 1, Exhibit A

City Council Agenda January 16, 2024
Council Agenda Report
From: Shannon Foutz, Human Resources/Risk Manager
Subject: Approval of Side Letter of Agreement with the Paso Robles Police Association CEQA Determination: The City finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Date: January 16, 2024
Facts

1. Dispatch staffing is currently comprised of dispatchers and a dispatch supervisor. The position of dispatch supervisor has been vacant since October 2023 when the prior incumbent was promoted to support services manager.

2. While the City recruits for a permanent dispatch supervisor position, there is still a need to provide oversight, training, development, and mentoring within the Communications Division. These are expanded roles and responsibilities over and beyond those of a typical dispatcher.

3. The memorandum of understanding (MOU) between the City of Paso Robles and the Paso Robles Police Association (POA), provides for additional compensation when a dispatcher is assigned a trainee as part of a formal training program; however, the needs of the department expand beyond the formal training program and more focus on the day-to-day operations and oversight is needed.

4. In June 2022, the City implemented the specialty assignment of corporal for sworn Police Department staff. Corporals serve as a lead police officer to oversee lower-level staff in the absence of a manager or supervisor and perform the duties of Field Training Officer.

5. The City satisfied meet and confer obligations with POA, who has agreed to a side letter of agreement (Attachment 1) creating a senior dispatcher specialty assignment similar to that of corporal.

Options

1. Take no action;

2. Approve the side letter of agreement between the City of Paso Robles and the Paso Robles Police Association;

3. Provide alternative direction to staff.

Analysis and Conclusions
Throughout the City, there are lead-level positions between line staff and supervisors who perform a variety of duties such as providing additional oversight and supervision to lower-level staff, training employees, and handling the more difficult and complex issues that arise. The Police Department currently has a rotational specialty assignment of corporal for sworn staff to assume these duties. A similar program does not yet exist for dispatch. Until the City is able to fill the vacant supervisor position, the Police Department is looking to temporarily appoint an individual to the specialty assignment of senior dispatcher to provide oversight, training, development, and mentoring within the Communications Division. As the assignment calls for expanded roles and responsibilities over and beyond that of

City Council Agenda January 16, 2024
dispatcher, an incentive of 5% of base pay will be provided. However, given training is an inherent role of a lead staff member, the individual assigned to senior dispatcher will not be simultaneously eligible for training pay. Upon the appointment of a dispatch supervisor, the senior dispatcher assignment will end.

Fiscal Impact
A 5% senior dispatcher incentive will cost approximately $4,400 per year. As this assignment is an underfill the vacant dispatch supervisor position and would end upon appointing a dispatch supervisor, there is no net increase in cost to the City.

CEQA
The City finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Recommendation (Option 2)
Approve the side letter of agreement between the City of Paso Robles and the Paso Robles Police Association.

Attachments

1. Side Letter of Agreement between the City of Paso Robles and the Paso Robles Police Association

City Council Agenda January 16, 2024
Attachment 1

SIDE LETTER OF AGREEMENT BETWEEN THE CITY OF EL PASO DE ROBLES

AND THE PASO ROBLES POLICE ASSOCIATION
The City of Paso Robles (“City”) and the Paso Robles Police Association (POA) agree to the following terms and conditions effective January 16, 2024 regarding the implementation of the Senior Dispatcher specialty assignment. Except as modified below, all other terms of the POA Memorandum of Understanding shall remain unchanged.

6. TRAINING PAY
Individuals in the classification of Police Officer or Dispatcher who are assigned a trainee as part of a formal training program shall be paid two and a half percent (2.5%) of base pay per shift.

Employees assigned to the Corporal or Senior Dispatcher specialty assignment shall not be eligible for training pay. Payment will be made only upon specific assignment by the Chief of Police or their designee.

7. SPECIALTY ASSIGNMENTS
D. Senior Dispatcher
Individuals assigned to the specialty assignment of Senior Dispatcher shall receive additional compensation of five percent (5%) of base pay.

Senior Dispatchers shall perform duties such as serving as a lead dispatcher, exercising technical and functional supervision over staff in the absence of supervisor or manager, and serving as communications training officer. Dispatchers must have a minimum of two years of experience to be eligible. The term of the Senior Dispatcher specialty assignment shall be up to three years but may be modified at the Police Chief’s discretion. Senior Dispatchers may retest at the end of their term. Appointment to or removal from the assignment of Senior Dispatcher is not considered a promotion or demotion, but rather a change in temporary assignment. Senior Dispatcher shift bids will be based on date of appointment to the specialty assignment.

City of El Paso de Robles Paso Robles Police Association Ty Lewis, City Manager
Date Date

City Council Agenda January 16, 2024
Council Agenda Report
From: Christopher Alakel, Utilities Director
Subject: Approval of Fifth Amendment to the Airport Solar Project Power Purchase Agreement CEQA Determination: The City finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Date: January 16, 2024
Facts

1. On December 29, 2015, the City entered into a Solar Power & Services Agreement (PPA) with SunEdison Government Solutions, LLC for the development and operation of solar photovoltaic farm to be located on various properties owned by the City, including the Paso Robles Airport.

2. Since then, the rights, title, interests, and obligations in the PPA have been assigned to Obsidian II West Coast Holding, LLC, a wholly owned subsidiary of Onyx Renewables Partners L.P.

3. On July 3, 2023, construction and installation of the solar panels officially began at the airport.

4. The PPA guaranteed a commercial operation date of 180 days from the start of construction, meaning electricity was to be generated no later than December 30, 2023.

5. As a result of supply chain shortages and scheduling delays with PG&E, Onyx Renewables was not able to meet this 180-day deadline and is requesting that the commercial operation date be changed to March 31, 2024.

6. Significant progress is being made to overcome supply chain challenges, construction is nearly completed, and commercial operation is likely to happen well before the requested schedule extension.

Staff issued a letter to Onyx Renewables on December 22, 2023, acknowledging that supply chain issues hindered compliance with the December 30, 2023, deadline.

Options

1. Take no action;

2. Approve and authorize the City Manager to sign the Fifth Amendment to the Airport Solar Project PPA extending commercial operation date to March 31, 2024;

3. Provide alternative direction to staff.

Analysis and Conclusions
The PPA currently states that guaranteed solar electricity would be produced no more than 180 days from the commencement of construction. Unfortunately, unforeseen supply chain shortages and scheduling delays with PG&E have caused delays in the project. To remedy this unforeseen circumstance, Onyx Renewables is requesting that the commercial operation date be changed to March 31, 2024. All other components of the PPA remain in force, with all parties will continue to initiate commercial operations at the earliest feasible date.

City Council Agenda January 16, 2024
Fiscal Impact
There is no direct fiscal impact from this action; however, solar electricity generated from this site is expected to lower City operating electricity costs in the future.

CEQA
The City finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.

Recommendation (Option x)
Approve and authorize the City Manager to sign the Fifth Amendment to the Airport Solar Project PPA extending commercial operation date to March 31, 2024.

Attachments

1. Resolution 24-XXX – Amendment No. 5 to the Airport Solar Power Purchase

2. Fifth Amendment for Airport Solar Project Power Purchase Agreement

City Council Agenda January 16, 2024
Attachment 1
RESOLUTION 24-XXX

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL PASO DE PASO ROBLES APPROVING AMENDMENT NO. 5 TO THE AIRPORT SOLAR POWER PURCHASE AGREEMENT WHERAS, the City entered into a Solar Power & Services Agreement (PPA) with SunEdison Government Solutions, LLC date December 29, 2015 for the development and operation of solar photovoltaic farm to be located on various properties owned by the City, including the Paso Robles Airport.

WHEREAS, Sun Edison Government Solutions assigned its interests in the PPA as of September 12, 2016 to SunE- Sunset Holdings1, LLC, a wholly-owned subsidiary of Onyx Renewables Partners L.P.

WHEREAS, on September 27, 2023 SunE Sunset Holdings1, LLC assigned its right, title, interests, and obligations in the PPA to Obsidian II West Coast Holding LLC pursuant to Section 13.1 of the Special Terms. Obsidian II West Coast Holding LLC is an Affiliate of SunE Sunset Holdings1, LLC.

WHEREAS, the PPA guaranteed commercial operation date of 180 days from the start of construction.

WHEREAS, construction officially started July 3, 2023, meaning commercial operation was to commence December 30, 2023.

WHEREAS, as a result of supply chain shortages and scheduling delays with PG&E, Onyx Renewables is requesting the Commercial Operation date be changed to March 31, 2024.

WHERAS, significant progress is being made to overcome supply chain challenges, construction is nearly completed, and commercial operation is likely to happen well before the requested schedule extension.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL PASO DE ROBLES DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. All of the above recitals are true and correct and incorporated herein by reference.

Section 2. The City finds that this action is not a project under the California Environmental Quality Act pursuant to State Guidelines Section State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378, because it can be seen with certainty the activity will not result in a physical change in the environment.

Section 3. The City of Paso Robles City Council hereby approves and authorizes the City Manager to sign Amendment No. 5 to the PPA with Obsidian II West Coast Holding LLC.

Section 4. This Resolution shall take effect on the date it is approved by the City Council.

APPROVED this 16th day of January, 2024, by the following vote:

City Council Agenda January 16, 2024
Attachment 1
AYES:

NOES:

John R. Hamon, Jr., Mayor
ATTEST:

Melissa Boyer, City Clerk

City Council Agenda January 16, 2024
Onyx Draft 12.6.23

FIFTH AMENDMENT AND AGREEMENT
El Paso de Robles - Airport
THIS FIFTH AMENDMENT AND AGREEMENT (this "Agreement") is made as of December [], 2023 (the "Effective Date"), by and among Obsidian II West Coast Holding LLC, a Delaware limited liability company, as assignee of SunE Sunset Holdings1, LLC ("Provider") and the City of El Paso de Robles, a California municipal corporation ("PPA Counterparty"). Provider and PPA Counterparty are sometimes collectively referred to in this Agreement as the "Parties".

RECITALS
WHEREAS, Provider and PPA Counterparty are parties to that certain Solar Power & Services Agreement, dated as of December 29, 2015, in connection with the design, construction and operation of photovoltaic electricity generation system ("System") and sale of electricity from such System to the PPA Counterparty (the "PPA");
WHEREAS, Provider and PPA Counterparty are parties to those certain Amendments and Agreements, dated as of February 7, 2017, February 7, 2018, October 1, 2020, and August 25, 2021 in which the Parties amended the PPA and other agreements for multiple sites; and WHEREAS, Provider and PPA Counterparty wish to further amend the PPA and update the Guaranteed Commercial Operation Date as set forth herein.

NOW, THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

1. Definitions. Unless otherwise defined in this Agreement, capitalized terms used in this Agreement have the respective meanings ascribed to them in the PPA.

2. Special Conditions. The PPA Special Conditions ("Special Conditions") are hereby amended as follows:
a. The "Guaranteed Commercial Operation Date" as set forth on Schedule 1 of the Special Conditions shall be replaced in its entirety with the following: March 31, 2024

3. No Modification to PPA. Other than the amendments described in this Agreement, nothing in this Agreement is intended to modify, alter or rescind any of the terms or provisions of the PPA.

4. Miscellaneous. This Agreement shall be governed by the laws of the jurisdiction set forth in Attachment 2

City Council Agenda January 16, 2024
the PPA, without regard to principles of conflicts of law. This Agreement shall inure to the benefit of and be binding upon each of the Parties and each of their respective successors and assigns. This Agreement may only be amended by a writing signed by all of the Parties. This Agreement may be executed in counterparts, each of which is deemed an original, but all of which constitutes one and the same agreement. Delivery of an executed counterpart of this Agreement electronically or by facsimile shall be effective as delivery of an original executed counterpart of this Agreement. This Agreement constitutes the entire agreement of the Parties relating to the Construction Start Date and supersedes all prior contracts, agreements or understandings with respect to the Construction Start Date, whether oral or written.
[Signature Page to Follow]
Attachment 2

City Council Agenda January 16, 2024
[Signature Page to Fifth Amendment to Paso Robles PPA]
IN WITNESS WHEREOF, the Parties have each executed this Agreement as of the Effective Date.

Obsidian II West Coast Holding LLC
By:_________________________________
Name: ______________________________
Title:________________________________
City of El Paso de Robles
By:_________________________________
Name: ______________________________
Title:________________________________
Attachment 2

City Council Agenda January 16, 2024
Council Agenda Report
From: Dita Esperanza, Capital Projects Engineer
Subject: Approval of a Change Order to North Coast Engineering’s Contract for Creston Road Phase 2 Project
CEQA Determination: On July 25, 2018, the Community Development Department adopted the Mitigated Negative Declaration for the project and found that the project would not have a significant effect on the environment after mitigation consistent with City’s adopted Local CEQA Guidelines. Consistent with the California Environmental Quality Act pursuant to Guidelines Section 15162, no subsequent environmental analysis is required associated with the proposed change order.

Date: January 16, 2024
Facts

1. In June 2016, the City received a Sustainable Community Grant from the California Department of Transportation (Caltrans). Grant funds were designated to be used to initiate and pay the costs to conduct a robust community wide visioning process for the ultimate improvements along the Creston Road Corridor from South River Road to Niblick Road.

2. In May 2017, the City hosted multi-day community workshops and meetings to solicit ideas and help establish a vision for the future of Creston Road.

3. City staff and the consultant team reviewed the existing opportunities and constraints along the corridor while translating the community’s input into a proposed design alternative to improve the corridor.

4. At the February 6, 2018 City Council meeting, the Council took three actions: (1) Adopt the Preferred Alternative for Creston Road Corridor; (2) Direct staff to pursue an Active Transportation Program (ATP) Grant for construction; and (3) Engage the services of North Coast Engineering to prepare Plans, Specifications, and Estimates (PS&E) for the Creston Road Corridor.

5. City staff applied for a state Active Transportation Grant twice for this project and has not been successful.

6. Since funding for construction of the entire corridor was not successful, City Council directed staff to provide a phased approach for completion: Phase 1, from South River Road to Orchard; and Phase 2, from Orchard to Niblick Road.

7. As part of the FY 2023 State Legislature budget adoption, the City received a $3 million grant to be used toward the Phase 2 construction of Creston Road, which includes the roundabout at Rolling Hills Road.

8. On July 18, 2023, City Council authorized awarding a contract to North Coast Engineering (NCE), to design the improvements for Creston Road Phase 2.

9. During review of the 30% design plans, City staff concluded that this corridor is in need of further improvements than was originally contemplated when the contract to NCE was awarded in July 2023.

Specifically, the area in front of an existing block wall from Melody to Lana, is unsightly and would greatly benefit from hardscape and landscape improvements; the existing raised median between Rolling Hills and Golden Hill is unsightly and needs improvement; and, there have been many

City Council Agenda January 16, 2024
accidents where vehicles have hit the block wall on Creston Road when turning left from Golden Hill.

The City is seeking to include a design concept to reduce these accidents as part of this project.

Options

1. Take no action;

2. Authorize the City Manager to approve a change order in the amount of $123,128.00 to North Coast Engineering’s contract to design the improvements of Creston Road Phase 2, from Rolling Hills to Niblick Road; or

3. Provide alternative direction to staff.

Analysis and Conclusions
The proposed Creston Road conceptual plan, as presented, was developed with significant input from the community through several different workshop events. City staff and the consultant team have reviewed the existing conditions of the corridor extensively, and translated the input received along with technical data and professional expertise to develop the conceptual plan as presented. Staff believes the expanded scope contemplated by the change order is in line with the desires of the community and will ultimately deliver a more cohesive project. The proposed change order, if approved, would provide a more aesthetically pleasing corridor by adding landscaping to beautify the unsightly area in front of the block wall and raised median, in front of the Smart and Final commercial center. The change order would also fund improvements at the intersection of Golden Hill and Creston Road that could prevent motorists from continuing to hit the existing block wall.

Fiscal Impact
The total costs of expanded scope tasks to complete the design to NCE is $123,128, an approximate 45% increase over their originally approved contract. However, as part of the FY 2023 State Legislative budget adoption, the City received a $3 million grant for Phase 2 of the Creston Road project, and as such, this additional change order stays within the original grant apportionments. It should be noted however, that as construction documents are finalized, additional local monies may be required to complete the project.

Any additional appropriations will come to City Council for consideration at time of construction award.

CEQA
On July 25, 2018, the Community Development Department adopted the Mitigated Negative Declaration for the project pursuant to the City’s adopted Local CEQA Guidelines, because the Creston Road project did not require any discretionary approvals by either the Planning Commission or City Council. The Mitigated Negative Declaration for the project was approved based on findings that the Project would not have a significant effect on the environment after mitigation. Consistent with CEQA Guidelines Section 15162, no subsequent environmental analysis is required unless there is substantial evidence of new or increased significant environmental effects. Mitigation measures required from the 2018 Mitigated Negative Declaration have been incorporated into the project and no subsequent environmental analysis is required associated with the proposed change order.

Recommendation (Option 2)
Approve Resolution No. 24-XXX, authorizing the City Manager to approve a change order in the amount of $123,128.00 to North Coast Engineering’s contract to design the improvements of Creston Road Phase 2, from Rolling Hills to Niblick Road.

Attachments

1. Resolution 24-XXX – Authorizing the City Manager to Approve Change Order.

2. Design Change Order

City Council Agenda January 16, 2024
Attachment 1
RESOLUTION 24-XXX

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL PASO DE ROBLES APPROVING A CHANGE ORDER TO NORTH COAST ENGINEERING’S CONTRACT FOR CRESTON ROAD PHASE 2 PROJECT WHEREAS, in June 2016, the City received a Sustainable Community Grant from the California Department of Transportation (Caltrans). Grant funds were designated to be used to initiate and pay the costs to conduct a robust community wide visioning process for the ultimate improvements along the Creston Road Corridor from South River Road to Niblick Road; and WHEREAS, in May 2017, the City hosted multi-day community workshops and meetings to solicit ideas and help establish a vision for the future of Creston Road. City staff and the consultant team reviewed the existing opportunities and constraints along the corridor while translating the community’s input into a proposed design alternative to improve the corridor; and WHEREAS, at the February 6, 2018 City Council meeting, the Council took three actions: (1) Adopt the Preferred Alternative for Creston Road Corridor; (2) Direct staff to pursue an Active Transportation Program (ATP) Grant for construction; and (3) Engage the services of North Coast Engineering to prepare Plans, Specifications, and Estimates (PS&E) for the Creston Road Corridor. City staff applied for an ATP grant twice for this project and has not been successful either time; and WHEREAS, since funding for construction of the entire corridor was not successful, City Council directed staff to provide a phased approach for completion: Phase 1, from South River Road to Orchard; and Phase 2, from Orchard to Niblick Road; and WHERE AS, as part of the FY 2023 State Legislature budget adoption, the City received a $3 million grant to be used toward the Phase 2 construction of Creston Road, which includes the roundabout at Rolling Hills Road. On July 18, 2023, City Council authorized awarding a contract to North Coast Engineering (NCE), to design the improvements for Creston Road Phase 2; and WHERE AS, during review of the 30% design plans, City staff concluded that this corridor needed further improvements than was originally contemplated when the contract to NCE was awarded in July 2023; and
WHERE AS, North Coast Engineering reviewed the expanded scope tasks and submitted a fee proposal to complete the design for $123,128.00.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL PASO DE ROBLES DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. All of the above recitals are true and correct and incorporated herein by reference.

Section 2. Authorize the City Manager to approve a change order in the amount of $123,128.00 to North Coast Engineering’s contract to design the improvements of Creston Road Phase 2, from Rolling Hills to Niblick Road.

Section 3. On July 25, 2018, the Community Development Department adopted the Mitigated Negative Declaration for the project pursuant to the City’s adopted Local CEQA Guidelines, because the Creston Road project did not require any discretionary approvals by either the Planning Commission or City Council. The Mitigated Negative Declaration for the project was

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approved based on findings that the Project would not have a significant effect on the environment after mitigation. Consistent with CEQA Guidelines Section 15162, no subsequent environmental analysis is required unless there is substantial evidence of new or increased significant environmental effects. Mitigation measures required from the 2018 Mitigated Negative Declaration have been incorporated into the project and no subsequent environmental analysis is required associated with the proposed change order.

APPROVED this 16th day of January, 2024, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

John R. Hamon, Jr., Mayor
ATTEST:

Melissa Boyer, City Clerk

City Council Agenda January 16, 2024
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City Council Agenda January 16, 2024
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City Council Agenda January 16, 2024
Council Agenda Report
From: Charlie Moloney, Interim Chief Building Official
Paul Patti, Battalion Chief/Fire Marshal
Subject: Second Reading by Title Only and Adoption of Ordinance Adopting 2022 California Building Standards Code with Local Amendments
CEQA Determination: The City finds that this action is not a project under the California Environmental Quality Act pursuant to State CEQA Guidelines, § 15061, subd. (b)(3).

Date: January 16, 2024
Facts

1. The State of California updates the California Building Standards Code (CBSC) every three years. The California Building Standards Commission adopted the 2022 Edition of the California Building Standards Code, effective January 1, 2023, and codified in Title 24 of the California Code of Regulations.

2. California Government Code Section 50022.1 et seq. authorizes the City to adopt by reference the CBSC, 2022 Edition, which also includes certain such uniform codes as the 2022 California Administrative Code, the 2022 California Building Code, the 2022 California Residential Code, the 2022 California Electrical Code, the 2022 California Mechanical Code, the 2022 California Plumbing Code, the 2022 California Energy Code, 2022 California Historical Building Code, the 2022 California Existing Building Code, the 2022 California Green Building Standards Code, and the 2022 California Referenced Standards Code.

3. Pursuant to California Health and Safety Code Sections 17958.7 and 18941.5, the City may adopt local amendments to the 2022 CBSC that are determined by the City Council to be reasonably necessary because of local climatic, geological, or topographical conditions.

4. Simplifying Title 17, Building and Construction, of the Paso Robles Municipal Code (the “Building Ordinance”) has removed several barriers to construction and has contributed to the desire to build in Paso Robles.

5. Staff has identified opportunities to further update the Building Ordinance, which would provide additional clarity in the field for City staff, developers, property owners, and residents.

6. On December 5, 2023, the City Council held a public hearing where the proposed ordinance was introduced for first reading.

Options

1. Second reading, by title only, and adoption of Ordinance 1133 adopting the 2022 California Building Code with local amendments;

2. Refer this item back to staff with direction for further analysis.

City Council Agenda January 16, 2024
Analysis and Conclusions
The City Council held a hearing on December 5, 2023 and introduced the ordinance for first reading. Since first reading there have been no substantive changes to the ordinance. The City Council must hold a public hearing for the second reading of the ordinance as required by State Law.

Previous Staff Report Discussion
The 2022 California Building Standards Code became effective statewide on January 1, 2023, and applies to building permit applications submitted from that date forward (permits submitted prior to January 1, 2023, effective date continue to be subject to the 2019 Code). The California Building Code has become more stringent over time and has, in many ways, caught up with the City’s Building Ordinance. During the last code adoption process for the 2019 California Building Standards Code, City Staff worked closely with the development community to identify several of the municipal code provisions that were redundant with the 2019 California Building Code. During that process, eight pages of antiquated building security requirements and overly bureaucratic requirements for moving buildings were deleted from the City’s Building Ordinance. Language was also simplified to provide more clarity on the existing requirements.

Because the 2022 California Building Standards Code went into effect statewide on January 1, 2023, the City must adopt an ordinance to implement desired local amendments to the California Building Standards Code to address climatic, geological, and/or topographical conditions specific to the City of Paso Robles.

It is critical to have the local amendments adopted for clarity and continuity of enforceability. The draft ordinance proposes minor changes to the prior version of the local amendments.

The draft ordinance would make certain changes to Title 17 of the Municipal Code, including:

1. Coordination – updates references from the “2019 California Building Standards Code” to the “2022 California Building Standards Code.”

2. Deletion – deletes existing municipal code provisions that are no longer relevant or are otherwise redundant to the 2022 California Building Standards Code (e.g., permit expiration dates 180 days to 1 year).

3. Soils Exemption – there is a soils/geotechnical investigation requirement that the Building Official can waive under the Building and Residential Codes. The proposed amendment specifies when soil reports are not required, as long as additional criteria are met. A neighboring jurisdiction follows the same guidelines which have the support of soils engineers, civil engineers, and architects. This will help create consistency for developers locally.

4. Plumbing Pipe Insulation – this item was in the previous version of the local amendments because of historic climatic conditions but was previously deleted. Since that time, there has been confusion in the field as to this requirement’s continued existence. Restoring a direct reference to this requirement will add clarity for the City and developers.

A redline version of all proposed modifications and justification/clarification for the changes is attached to this staff report for reference. Council may choose to amend, modify, or refer the draft ordinance back to staff. In these scenarios, pushing back the adoption timeline will continue to extend the lapse in the enforceability of the local amendments.

City Council Agenda January 16, 2024
Fiscal Impact
There are no direct fiscal impacts to the City by adopting this ordinance.

Recommendation (Option 1)

1. Introduce for second reading, by title only, Ordinance 1133, an Ordinance of The City of El Paso De Robles, California, Amending Title 17 of the El Paso De Robles Municipal Code to Adopt by Reference the 2022 Edition of the California Building Standards Code (California Code of Regulations, Title 24), including:
a. The 2022 California Administrative Code;
b. The 2022 California Building Code, including Chapter 1; c. The 2022 California Residential Code;
d. The 2022 California Electrical Code;
e. The 2022 California Mechanical Code;
f. The 2022 California Plumbing Code;
g. The 2022 California Energy Code;
h. The 2022 California Historical Building Code;
i. The 2022 California Fire Code, including Chapter 1 and Appendices B and D thereto; j. The 2022 California Existing Building Code;
k. The 2022 California Green Building Standards Code;
l. The California Referenced Standards Code, 2022 Edition; and m. Making Certain Amendments to Title 17.

2. Find the Action Exempt from the California Environmental Quality Act.

Attachments

1. Ordinance 1133
a. Exhibit A - Findings to Support Local Amendments

2. Existing Title 17 with Redlined Proposed Changes

3. Public Notice 2023-12-29

4. Public Notice 2024-01-05

City Council Agenda January 16, 2024
Attachment 1
ORDINANCE NO. 1133 N.S.

An Ordinance of The City of El Paso De Robles, California, Amending Title 17 of the El Paso De Robles Municipal Code to Adopt by Reference the 2022 Edition of the California Building Standards Code (California Code of Regulations, Title 24), including:

The 2022 California Administrative Code;
The 2022 California Building Code, including Chapter 1; The 2022 California Residential Code;
The 2022 California Electrical Code;
The 2022 California Mechanical Code;
The 2022 California Plumbing Code;
The 2022 California Energy Code;
The 2022 California Historical Building Code;
The 2022 California Fire Code, including Chapter 1 and Appendices B and D thereto; The 2022 California Existing Building Code;
The 2022 California Green Building Standards Code;
The California Referenced Standards Code, 2022 Edition; and Making Certain Amendments to Title 17
WHEREAS, in July 2022, the California Building Standards Commission adopted the 2022 Edition of the California Building Standards Code (“CBSC”), effective January 1, 2023, and codified in Title 24 of the California Code of Regulations (“CCR”); and WHEREAS, the CBSC consists of building standards that regulate the erection, construction, enlargement, alteration, repair, moving, removal, demolition, conversion, occupancy, equipment, use, height, area, electrical systems, plumbing, mechanical systems, and maintenance of all buildings in the state; and
WHEREAS, California Government Code Section 50022.1 et seq. authorizes the City of El Paso de Robles (the “City”) to adopt by reference the CBSC, 2022 Edition (Title 24 of the CCR), including certain uniform codes including the 2022 California Administrative Code, the 2022 California Building Code, the 2022 California Residential Code, the 2022 California Electrical Code, the 2022 California Mechanical Code, the 2022 California Plumbing Code, the 2022 California Energy Code, 2022 California Historical Building Code, the 2022 California Existing Building Code, the 2022 California Green Building Standards Code, and the 2022 California Referenced Standards Code; and
WHEREAS, the City now desires to adopt the provisions of the 2022 CBSC; and WHEREAS, pursuant to sections 17958.7 and 18941.5 of the California Health & Safety Code, the City may adopt local amendments to the CBSC determined by the City Council to be reasonably necessary because of local climatic, geological, or topographical conditions; and

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WHEREAS, the City held a public hearing on December 5, 2023 at which time all interested persons had the opportunity to appear and be heard on the matter of adopting the CBSC as amended herein.

WHEREAS, the City published notice of the aforementioned public hearing pursuant to California Government Code section 6066; and
WHEREAS, any and all other legal prerequisites relating to the adoption of this Ordinance have occurred.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL PASO DE ROBLES ORDAINS AS FOLLOWS:

SECTION 1. Recitals. The City Council hereby finds that the foregoing recitals are true and correct and are incorporated herein as substantive findings of this Ordinance.

SECTION 2. Municipal Code Amendment. Chapter 17.04 of the El Paso de Robles Municipal Code is hereby amended to read in its entirety as follows:
“Chapter 17.04 Uniform Codes

17.04.010 Technical building codes adopted—Copies on file.

The fourteen documents and their respective appendices as outlined herein, one copy of each of which are on file in the office of the city clerk, are hereby adopted by reference as amended in Title 17, and are being marked and designated as the:

1. 2022 California Administrative Code.

2. 2022 California Building Code, including Chapter 1.

3. 2022 California Residential Code.

4. 2022 California Electrical Code.

5. 2022 California Mechanical Code.

6. 2022 California Plumbing Code.

7. 2022 California Energy Code.

8. 2022 California Historical Building Code.

9. 2022 California Fire Code, including Chapter 1, and
Appendix B—Fire Flow Requirements for Buildings; and

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Appendix D—Fire Apparatus Access Roads.

10. 2022 California Existing Building Code.

11. 2022 California Green Building Standards Code.

12. 2022 California Referenced Standards Code.

13. Uniform Housing Code, 1997 Edition, as published by International Conference of Building Officials.

14. Uniform Code for the Abatement of Dangerous Buildings, 1997 Edition as published by International Conference of Building Officials.

17.04.020 Changes or additions to the California Building Code.

A. Section 105, Permits, is amended and subsections added as follows:
105.1.3 Start of Construction:

For the purpose of enforcement of this code, it shall be interpreted that any movement of soil or preparation for installation of foundation or utilities, other than that allowed under the jurisdiction of an approved grading permit shall signify the start of construction. Prior to start of construction, a valid building permit shall be secured. 105.1.4 Permit Revocation:

Should a permit be secured by check, later to be returned for insufficient funds or closed account, that this shall show just cause for revocation of any permits and posting of a Stop Work Order. In conjunction with posting of a Stop Work Order, the site shall be noticed for abatement. 105.1.5 Street Dedication as a Condition of Issuance of a Building Permit:

No Building Permit shall be issued for the construction, reconstruction or relocation of any building or structure abutting upon a street having a lesser width than that established by resolution of the City Council unless the following requirements in Sections 105.1.6 and 105.1.7 are complied with.
105.1.6 Dedication of Street Right-of-Way:

The owner of the lot shall make a perpetual and irrevocable offer of dedication to the City for public street purposes, and all uses

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appurtenant thereto, of a depth determined by the City Engineer based upon the Circulation Element of the General Plan and Official Plan Lines adopted by the City Council. It shall be the responsibility of the City Engineer to confirm that the required dedication(s) has/have been provided.
105.1.7 Setbacks:

The required setback shall be maintained for all buildings, structures, and improvements, including off-street parking, as measured from the right-of-way width. It shall be the responsibility of the Building Official to confirm that the required setbacks have been provided, based on property monuments established by a licensed surveyor.

B. Section 113, Board of Appeals, is amended and subsections added as follows:
113.1.1 In order to provide for interpretations of steps necessary to implement Title 24 of the California Code of Regulations or the technical codes adopted by the City pertaining to access or accommodations for the physically disabled, and those Chapters of the City of El Paso de Robles Municipal Code where the Board is specifically noted as being the entity responsible for the hearing of appeals, there is hereby established a City of Paso Robles Housing Advisory and Disabled Access Board of Appeals (hereinafter sometimes collectively referred to as "Building Board of Appeals" or "Board of Appeals").
113.1.2 Rules and Regulations.

The Board of Appeals shall adopt reasonable rules and regulations, subject to approval by the City Council, for conducting its business. 113.1.3 Appeals Procedure.

Any person aggrieved by a decision of the Building Official for the City pertaining to orders, decisions, or determinations relative to the application and interpretations of the Uniform Housing Code, Uniform Code for Abatement of Dangerous Buildings, Title 24 of the California Code of Regulations, or the technical codes adopted by the City, pertaining to access or accommodations for the physically disabled, shall have the right to appeal the decision as provided for under this chapter.

Decisions and actions regarding the enforcement of the
requirements of Division 13, Part 5.5 of the California Health and Safety Code may be appealed by any person to the Appeals Board for Disabled Access as provided for under this chapter.

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113.1.4 Appeal Hearing Fee.

A fee shall accompany an application for a hearing before the Building Board of Appeals. The purpose of the fee shall be to cover those costs incurred by the City to provide for the appeals process.

Appeal Fees shall be set by resolution, subject to review by City Council. Appeal fees will be reviewed periodically to ensure that the fees charged cover the costs associated with the appeals process. 113.1.5 Timing and form of appeal.

An appeal shall be filed with the Secretary of the Building Board of Appeals within fifteen (15) working days (holidays observed by the City are not working days) after the rendering of the decision affecting the aggrieved person. Grounds for the appeal shall be set forth in writing in a form to be supplied by the secretary in addition to any other supporting materials the appellant may wish to furnish, setting forth the reasons for the appeal.

Any written reports to be made to the Board shall be filed with the Secretary of the Board and shall be made available to the Board and to the public no less than five (5) working days prior to the date set for the hearing. Any City of Paso Robles Department Manager or designee shall have the right to be heard on any matter coming before the Board. 113.1.6 Hearing and decision.

The Secretary of the Board shall set the time and place for a hearing the appeal, and a notice of the time and place of the hearing shall be published in a newspaper of general circulation in the City of Paso Robles, and notice shall also be given to the appellant by mailing, postage prepaid, at the address provided by the appellant in the letter of appeal at least ten (10) working days before the hearing date. The Board shall render all decisions in writing.
113.2.1 The Board of Appeals shall function as the "Local Appeals Board" and "Housing Appeals Board" as specified in Sections 17920.5 and 17920.6, respectively, of Division 13, Part 1.5 of the California Health and Safety Code. The Board shall also serve as the "local appeals board" specified in section 19957.5 of the California Health and Safety Code, in appeals relating to accommodations for the physically disabled.

The Board shall have no authority relative to interpretation of the administrative provisions of the codes adopted by the City, nor shall the

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Board be empowered to waive requirements of any code adopted by the City.

The authority of the Board shall consist of the ability to consider appeals filed pursuant to this Chapter and give reasonable interpretations of the Chapter and the technical codes. When required to do so, the Board will conduct hearings regarding appeals of notices and/or orders relative to unsafe buildings.
113.3.2 Eligibility.

The Building Board of Appeals shall consist of five members and two (2) alternates; the Disabled Access Board of Appeals shall consist of the five members of the Board of Housing Appeals (two of the members of the board must work in construction and one member shall be a member of the public as required by Health & Safety Code § 19957.5) and shall be supplemented by two (2) additional members, both of whom shall be physically disabled when the appeal pertains to disabled access.

Members selected to hear an appeal shall reflect an area of expertise reflective of the appeal being heard.

Members of the Board of Appeals shall be qualified by experience and training to pass judgment upon matters pertaining to building construction and/or disabled access, as appropriate. Members of the Board of Appeals shall be appointed by and serve at the pleasure of the City Council. Each member of the Board shall comply with applicable provisions of the Political Reform Act of 1974, California Government Code Section 81000 et seq. The Building Official shall be an ex officio member of the Board and shall act as secretary to said Board, but shall have no vote upon any matter before the Board.

Exception:

City employees shall not be eligible to serve on the Board of Appeals.
113.3.3 Term.

Terms of initial appointment shall be for a term of two (2) years for two (2) members and four (4) years for three (3) members. Subsequent appointments shall be for a term of four (4) years.

Terms for initial appointment of disabled members for the Disabled Access Appeals shall be two (2) years for one member and four (4) years for the second. Subsequent appointments shall be for a term of four (4)

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years.

C. Section 1803.2, Geotechnical Investigations – Investigations Required, is amended to read as follows:
1803.2 Investigations Required
Geotechnical investigations shall be conducted in accordance with Sections 1803.3 through 1803.5.

Exception: The building official shall be permitted to waive the requirement for a geotechnical investigation where satisfactory data from adjacent areas is available that demonstrates an investigation is not necessary for any of the conditions in Sections 1803.5.1 through 1803.5.6 and Sections 1803.5.10 and 1803.5.11.

The building official shall be permitted to waive the requirement for a foundation and soils investigation report for one-story, wood-frame, and light-steel-frame additions to Group R, Division 1 and 3 occupancies of 1,000 square feet of floor area or less, or new one-story, wood-frame, and light-steel-frame detached accessory structures 1,000 square feet of floor area or less, or one-story, wood-frame, and light-steel-frame additions to detached accessory structures 1,000 square feet of floor area or less when a licensed architect or engineer provides a foundation design and a site observation report with a statement of site suitability.

Minimum foundation for structures that do not require a soils report may be any one of the following:

1. Minimum 27” deep, 12” wide, with two (2) #5 bars, top and bottom.

2. Foundation design prepared, stamped, and signed by a licensed architect or engineer, specific to the proposed structure and including a statement of site suitability.

3. Alternative design approved by the building official due to the project’s minor scope, or evidence observed by site investigation, or substantive information provided by the project owner or their authorized agent.

17.04.021 Changes or additions to the California Residential Code.

A. Section R401.4, Soil Tests, is amended with a subsection added as follows:

R401.4.1.1.5 Alternate Procedures.

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The governing body of any city, county, or city and county may enact an ordinance prescribing an alternate procedure which is equal to or more restrictive than the procedures specified in Sections R401.4.1.1.1, R401.4.1.1.2 or R401.1.1.3.

The building official shall be permitted to waive the requirement of a foundation and soils investigation report for one-story, wood-frame, and light-steel-frame additions to Group R, Division 1 and 3 occupancies of 1,000 square feet of floor area or less, or new one-story, wood-frame, and light-steel-frame detached accessory structures 1,000 square feet of floor area or less, or one-story, wood-frame, and light-steel-frame additions to detached accessory structures 1,000 square feet of floor area or less when a licensed architect or engineer provides a foundation design and a site observation report with a statement of site suitability.

Minimum foundation for structures that do not require a soils report may be any one of the following:

1. Minimum 27” deep, 12” wide, with two (2) #5 bars, top and bottom.

2. Foundation design prepared, stamped, and signed by a licensed architect or engineer, specific to the proposed structure and including a statement of site suitability.

3. Alternative design approved by the building official due to the project’s minor scope, or evidence observed by site investigation, or substantive information provided by the project owner or their authorized agent.

17.04.030 Changes or additions to the California Fire Code.

B. Section 311, Vacant Premises, is amended with a subsection added as follows:
311.1.3 Securing Premises.

The owner, occupant or other persons having under their control of any property, or materials on property, damaged by fire, when access by the public is possible, shall secure the property either by boarding up all openings, fencing, barricading, or other appropriate measures as directed by the Fire Chief within 24 hours of the incident.

C. Section 505, Premises Identification, is amended with subsections added as follows:
505.1.1 Address Identification.

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When the building or group of buildings (five units or more) is served by an alley or interior driveway, the numbers or alphabetical designation shall be displayed on a directory or annunciator board, approved by the Fire Chief, at each driveway or alley entrance. Senior housing, retirement villas, hotel and motel annunciator boards shall be of a Graphic type. The property owner, Homeowner's Association or individual in charge of the property shall be responsible for maintaining the directory.
505.1.2 Rear Door Address Numbers.

All buildings with access via an alley or other similar roadways shall have the address number provide on the rear door of the building or tenant space.

D. Section 507, Fire Protection Water Supplies, is amended with a subsection added as follows:
507.2.3 Installation Requirements.

Private fire service mains and water tank installation plans shall be reviewed and approved by the Fire Chief prior to installation. The Fire Chief shall conduct field verification for compliance with approved plans prior to the issuance of a Certificate of Occupancy.

Fire Suppression Backflow Devices shall be protected from freezing by one of the following methods:

1. A dedicated 20 amp, 120-volt receptacle, capable of
supporting the loads associated with commercially
available heat tapes shall be located within five feet of any backflow/check valve assembly.

2. An approved insulated cover providing a minimum
resistance factor of R-3. The insulation used must be of a minimum Class III flame spread index, with a smoke density no greater than 450.

E. Section 903.2 is amended to read as follows:
903.2 Where required.

Unless otherwise required by the Code for a lesser square footage, in the locations described in Sections 903.2.1 through 903.2.12, and Sections 903.2.14 through 903.2.21, approved automatic sprinkler systems shall be provided in all new buildings and structures where the total

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combination of both usable and unusable floor area exceeds 5,000 square feet.

Exceptions:

1. Group R Occupancies per Section 903.2.8 "Exceptions:" New Construction:

1. The area of mezzanines and additional stories above and below the ground floor shall be included in determining the areas where sprinklers are required. This requirement shall not preclude the installation of any separation walls
required by other sections of the Code.

2. The square footage of a building shall be computed using a combination of both usable and unusable floor area. Vent shafts and concealed spaces shall be considered when
computing building area. Areas of buildings may not be
reduced, subdivided, or compartmentalized into areas less than 5,000 square feet by the installation of separation walls. Courts meeting the requirements of Section 1206 of the California Building Code shall not be included in the calculation.

3. Plans for Fire Sprinkler systems shall be submitted for review prior to inspection of the structural frame.

4. Occupancies within Commercial Zones, in which the type of tenant is not known at the time of permit (i.e. Shell
Buildings), shall have the sprinkler system hydraulically designed to a minimum standard of N.F.P.A. #13, Ordinary Hazard Group III.

5. Occupancies within Industrial or Manufacturing Zones, when the type of tenant is not known at the time of
construction, shall have the sprinkler system hydraulically designed to a minimum standard N.F.P.A. hazard group, as determined by the Fire Chief.

Existing Construction:

An automatic fire sprinkler system shall be installed in all rooms, buildings, or structures when the following conditions are determined to exist:

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1. In conjunction with any change in the occupancy group assigned the structure under the California Building Code, the floor area exceeds 5,000 square feet.

2. The area of mezzanines shall be included in determining the areas where sprinklers are required. This requirement shall not preclude the installation of any separation walls
required by the Code.

3. The square footage of a building shall be computed using outside wall areas. Vent shafts and concealed spaces shall be considered when computing building area. Areas of
buildings may not be reduced, subdivided, or
compartmentalized into areas less than 5,000 square feet by the installation of separation walls. Courts meeting the requirements of Section 1206 of the California Building Code shall not be included in the calculation.

F. Section 903.3.7 is amended to read as follows:
903.3.7 Fire department connections.

Connections shall be located on the addressed side of the building and within 150 feet of a fire hydrant, with the exact location to be specified by the Fire Chief.

Exception: The Fire Chief may require connections in locations other than the addressed side when necessary due to response needs or unusual building configuration.

G. Section 5608, Fireworks Display, is amended with subsection added as follows:
5608.2 Fireworks Prohibited.

No person shall sell, display for sale, possess, store, or manufacture, use, light, fire, discharge, explode or set off any fireworks, including "Safe and Sane" fireworks anywhere within the city, except as allowed by the Fire Chief.

17.04.040 Changes or additions to the California Electrical Code.

A. Article 230.70, Service Equipment-Disconnecting Means, General, is amended with a subsection added as follows:
230.70.1. All electric services shall have a single main disconnect to disconnect all conductors in a building or structure. In all new construction

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and remodels involving fifty percent or more of the total square footage of the building, when the required disconnect is located within the building or in an area not readily accessible, a shunt trip shall be installed and wired to be activated by a 'Knox Switch' located in a readily accessible location on the exterior of the building as designated by the Fire Chief.

17.04.050 Changes or additions to the California Plumbing Code.

A. Section 312.0, Protection of Piping, Materials, and Structures, is amended with subsection added as follows:
312.6 Freezing Protection. No water, soil, or waste pipe shall be installed or permitted outside of a building, in attics or crawl spaces, or in an exterior wall unless, where necessary, adequate provision is made to protect such pipe from freezing.

Insulation providing a minimum resistance factor of R-3 or greater is required for all pipes 2” or less in diameter that are located in unconditioned spaces.

Commercial and residential fire suppression systems shall be provided with an insulation cover providing a minimum resistance factor of R-3. The insulation used must be of a minimum Class III flame spread index, with a smoke density no greater than 450.

B. Section 401.3, Water-Conserving Fixtures and Fittings, is amended with a subsection added as follows:
401.3.1. Equipment installed in automatic and coin operated car washes shall be capable of recycling a minimum of fifty percent (50%) of the water required for their daily operation.

C. Section 603.3, Backflow Prevention Devices, Assemblies, and Methods, is amended with subsections added as follows:
603.3.13. All new Commercial, Industrial, and Multi-family developments (two units or more) shall protect the city water supply through the installation of a Backflow - Reduced Pressure Device Prevention Device. Approval of the type and location of the device shall be the responsibility of the City Public Works Department. 603.3.14 Existing Commercial, Industrial, and Multi-family developments (two units or more) originally constructed without backflow-reduced pressure devices, shall retrofit and install a backflowreduced pressure device in conjunction with the issuance of any building or plumbing permit when the value of the work associated with the permit

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exceeds $2500.00. Approval of the type and location of the device shall be the responsibility of the City Public Works Department.

D. Section 608.2, Excessive Water Pressure, is amended with a subsection added as follows:
608.2.1. For potable water services up to and including one and one half (1-1/2) inch (38.1 mm) regulators, provision shall be made to prevent pressure on the building side of the regulator from exceeding main supply pressure. Approved regulators with integral by-passes are acceptable.

As a result of excessive water pressures found within the City of El Paso de Robles, pressure regulators complying with 608.2 above shall be installed on all new construction, and on all remodels consisting of changes to, or increases of the floor space in excess of 50% of the existing gross square footage.

E. Section 612, Residential Fire Sprinkler Systems, is amended with a subsection added as follows:
612.1.1. Passive purge fire sprinkler systems are a type of residential fire sprinkler system that serves a single toilet in addition to the fire sprinklers. The toilet shall be on a remote portion of the sprinkler system, or the system shall be designed as a loop so that the water moves through a majority of the fire sprinkler system piping when the toilet is flushed. Passive purge system non-metallic pipe and fittings shall be designed to withstand a working pressure of not less than 130 psi (8.9 bar) at 120 degrees (49C).

17.04.060 Building permit fees.

Building permit fees shall be as established in the city master fee schedule, as adopted by the City Council.

17.04.070 Penalty for violation.

Any person who violates any of the provisions of this chapter, or fails to comply with any order made thereunder, shall severally for each and every violation and noncompliance, respectively, be guilty of a misdemeanor.” SECTION 3. Municipal Code Amendment. Section 17.12.010 of the El Paso de Robles Municipal Code is hereby amended to read in its entirety as follows:
“17.12.010 Protective enclosures for swimming pools, etc.

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A. Every person who owns or is in possession of any lot or premises on which there is situated a swimming pool, or pool, any structure intended for swimming or recreational bathing, including in-ground and above-ground structures and includes, but is not limited to, hot tubs, spas, portable spas, non-portable wading pools, fish ponds, wading pools or any other outside body of water created by artificial means designated or used for swimming or other immersion purposes by men, women or children, any portion of which body of water is one and one-half feet or more in depth and in which the surface area of water does not exceed ten thousand square feet, public swimming pools operated for the use of the general public with or without charge, or for the use of the members and guests of a private club, (public swimming pool does not include a swimming pool located on the grounds of a private single-family home), shall maintain a fence, wall, or other structure on the lot or premises completely surrounding such body of water to make same inaccessible to children. Such fence, wall, or other structures shall comply with Article 2, commencing with Section 115920 of the State Health and Safety Code, relating to swimming pools as follows:

1. The top of the barrier shall be at least five feet above the grade measured on the side of the barrier that faces away from the swimming pool;

2. Any openings, gaps, or voids, if any, in the barrier shall not allow passage equal to or greater than a four inch diameter sphere;

3. Solid barriers which do not have openings, such as masonry or stone walls, shall not contain indentations or protrusions excepting tooled masonry joints;

4. If the barrier is composed of horizontal and vertical members and the distance between the tops of the horizontal members is less than fortyeight inches, the horizontal members shall be located on the swimming pool side of the fence. Spacing between vertical members shall not exceed one and three-quarters inches in width. If there are decorative cutouts, they shall not exceed one and three-quarters inches in width;

5. If the barrier is composed of horizontal and vertical members and the distance between the tops of the horizontal members if forty-eight inches or more, spacing between vertical members shall not exceed four inches. If there are decorative cutouts within vertical members, spacings or openings within the cutouts shall not exceed one and three-quarters inches in width;

6. The maximum mesh size for chain link or wire fences shall be two inches structure. The wire shall not be less than twelve gauge;

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7. If the barrier is composed of diagonal members, such as a lattice fence, the maximum opening formed by the diagonal members shall be no more than one and three-quarters inches;

8. Each access gate shall comply with the requirements of subsections (A)(1) through (A)(7) of this section, inclusive, and shall be equipped to accommodate a locking device.
a. Pedestrian-access gates shall open outward away from the pool and shall be self-closing and self-latching.
b. Gates other than pedestrian-access gates shall have a selflatching device. If the release mechanism of the self-latching device is located less than fifty-four inches from the bottom of the gate, the release mechanism shall be located on the pool side of the gate and the barrier shall have no opening greater than one-half inch maximum dimension within eighteen inches of the release mechanism.

9. The foregoing provisions shall apply to all permanent and to all portable or temporary structures including those designed or used for swimming or other immersion purposes by men, women, or children irrespective of the nature of the materials used in the construction and or the design thereof and irrespective of the length of time of use of such portable or temporary structure.
a. A pool located on a lot with a single-family dwelling or duplex may be protected by a fence around the pool or a fence around the entire lot; the walls of any such building may be used for a partial or complete enclosure of the pool. All other pools shall be protected by a fence around the pool itself.
b. In lieu of a permanent fence being required prior to starting construction, a temporary enclosure may be installed at time of excavation. Height and gate requirements for temporary
enclosures shall be the same as those for permanent fences.

The temporary enclosure is to be removed and the permanent enclosure installed in conjunction with installation of the finish decking around the pool or prior to final inspection.”
SECTION 4. Municipal Code Amendment. Chapter 17.18 of the El Paso de Robles Municipal Code is hereby amended to read in its entirety as follows:
“Chapter 17.18 – Amendments to the California Existing Building Code, Appendix A, Chapter A1

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17.18.010 California Existing Building Code.

The California Existing Building Code, Appendix A, Chapter A1 entitled Seismic Strengthening Provisions for Unreinforced Masonry Bearing Wall Buildings, with the amendments set forth in this chapter, is adopted.

17.18.020 Scope.

Section A102 entitled "Scope" is amended for A102.1 to read as follows and subsection A102.3 is added as follows:

Section A102 Scope
A102.1 General. The provisions of this chapter shall apply to all existing buildings having at least one unreinforced masonry bearing wall. The elements regulated by this chapter shall be determined in accordance with Table A102.1. Except as provided herein, all other provisions of the California Building Code shall apply.

A102.3 Exceptions. The provisions of this chapter shall not apply to detached oneor two-family dwellings and detached apartment houses containing less than five dwelling units and used solely for residential purposes.

17.18.030 Definitions.

Section A103 entitled “Definitions” is amended to include the following additional definitions:

1. "Qualified Historical Building" means any structure included on the National Register of Historic Buildings or the state list of Significant Historic Buildings.

2. "Qualified Zones" means that zone or geographic area referenced under the State [California] Building Code establishing the potential earthquake hazard of a given area.

3. "Seismic Retrofit" means all work necessary to comply with the requirements of this chapter.

The above definitions shall be in addition to those contained in the California Building Code and International Existing Building Code Section A103.

17.18.040 Administrative provisions.

A new Section A115 entitled “Administrative Provisions” is added to read as follows:

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Section A115 Administrative provisions
A115.1 Compliance requirements.

A115.1.1 Structural analysis. The owner of each building within the scope of this chapter shall, upon service of an order and within the time limits set forth in this chapter, cause a structural analysis to be made of the building by an engineer or architect licensed by the state to practice as such and, if the building does not comply with earthquake standards specified in this chapter, the owner shall cause it to be structurally altered to conform to such standards or shall cause the building to be demolished.

A115.1.2 Twelve-month compliance requirements. Within twelve (12) months of the date of service of the order, the owner of a building within the scope of this chapter shall obtain one of the following from the Building Official:

1. A building permit to construct the seismic retrofit improvements identified in a structural analysis and plans for structural alteration of the building to comply with this chapter; or

2. A letter from the Building Official stating that he or she concurs with a structural analysis, which demonstrates that the building meets the minimum requirements of this chapter and therefore does not require seismic retrofitting; or

3. A permit for the demolition of the building. Issuance of a permit for demolition of a building shall be subject to compliance with the provisions of Chapter

17.16 (Demolition of Buildings and Structures) of the City of El Paso de Robles Municipal Code.

In order to meet the deadline set forth above, owners of buildings within the scope of this chapter must submit structural analyses, plans for structural alteration of the building, and/or applications to demolish their buildings at least 105 calendar days prior to the deadline to allow for the Building Official to review the analyses, plans, and/or applications to demolish and to find them to be in compliance with this chapter.

A115.1.3 Thirty-month compliance requirements. Within thirty (30) months of the date of service of the order, the owner of a building within the scope of this chapter shall complete construction of structural alterations or complete demolition of the building, as applicable.

A115.2 Historical buildings. Alterations or repairs to qualified historical buildings shall comply with the State Historical Building Code (Title 24, Building Standards, Part 8), in addition to this chapter.

A115.3 Order.

A115.3.1 Service. The building official shall issue an order as provided in this

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section to the owner of each building within the scope of this chapter. The order shall be in writing and shall be served either personally or by certified or registered mail upon the owner as shown on the last equalized assessment roll, and upon the person, if any, in apparent charge or control of the building. The order shall specify that the building has been determined by the Building Official to be within the scope of this chapter and, therefore, is required to meet the minimum seismic standards of this chapter. The order shall be accompanied by a copy of Section A115.1, which sets forth time limits for compliance.

A115.4 Recordation.

1. At the time that the Building Official serves the order as provided in Subsection A115.3.1, the Building Official shall also file with the San Luis Obispo County Clerk-Recorder's Office a certificate stating that the subject building is within the scope of this chapter and is a potentially earthquake hazardous building. The certificate shall also state that the owner thereof has been ordered to structurally analyze the building and to structurally alter or demolish it where compliance with this chapter has not been demonstrated.

2. If the building is either 1) demolished, 2) found not to be within the scope of this chapter or 3) is structurally capable of resisting minimum seismic forces required by this chapter as a result of structural alterations or an analysis, the Building Official shall file with the San Luis Obispo County Clerk-Recorder' s Office a form terminating the status of the subject building as being classified within the scope of this chapter.

A115.5 Appeal. Appeals or requests for modifications from any determinations, actions, or orders by the Building Official pursuant to this chapter shall be made to the Building Board of Appeals. Such appeal shall be filed with the Building Board of Appeals within sixty (60) days of the rendering of the decision being appealed. Such appeal shall be made in writing on appropriate forms provided therefore by the Building Official and the grounds thereof shall be stated clearly and concisely.

A115.6 Enforcement.

A. If the owner in charge or control of the subject building fails to comply with any order issued by the Building Official pursuant to this Chapter within the time limits set forth in Section A115.1, the Building Official shall verify that the recorded owner of this building has been properly served.

B. If the order has been served on the record owner, then the Building Official may order that the entire building, or any portion thereof, be vacated and that the building, or any portion thereof, remain vacated until such order has been complied with.

C. If compliance with such order has not been accomplished within ninety (90) days after the date the building has been ordered vacated or such additional time as

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may have been granted, the building is hereby declared a public nuisance, and the Building Official shall order abatement of the building.

D. Any person who violates any provision of this chapter is guilty of a misdemeanor and is subject to the penalty as provided for in Section 1.02.010 of the City of El Paso de Robles Municipal Code.

E. Appeals or requests for modifications from any determinations, actions, or orders by the Building Official pursuant to this section shall be handled in the manner set forth in Section A115.5.

A115.7 Full strengthening required prior to time frames set forth in Section A115.1. The Building Official shall require full compliance with the minimum seismic standards contained within this chapter before the time frames set forth in Section A115.1 upon the occurrence of any one of the following conditions:

1. Any change or conversion of an unreinforced masonry structure from its existing use to that of a more intensive use;

2. The remodel of a structure covered by this chapter, in an amount equaling fifty percent of the structure's value as determined using the latest edition of the Building Standards Valuation, published by the International Conference of Building Officials; and/or

3. The Building Official may, upon receipt of a written request from the owner, order such owner to bring his building into compliance with this chapter prior to the normal service date for such building.

A115.8 Certificate of compliance.

1. In accordance with Chapter 3, Section 70(d)(3) of the Revenue and Taxation Code, the Building Division shall, upon the completion of a seismic retrofit, file a certificate of compliance with the County Assessor's Office on or before the following April 15th.

2. The certificate of compliance shall establish that the work associated with the seismic retrofit was the result of a local ordinance related to seismic safety, and therefore shall not add value to the assessment role.

A115.9 Requirements for structural alteration plans - structural engineering.

The following construction information shall be included in the structural alteration plans submitted to the Building Official pursuant to Section A115.1 of this chapter:

1. Dimensioned floor and roof plans showing existing walls and the size and

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spacing of floor and roof framing member and sheathing materials. The plans shall indicate all existing and new crosswalls and their materials of construction. The location of the crosswalls and their openings shall be fully dimensioned or drawn to scale on the plans;

2. Dimensioned wall elevations showing openings, thicknesses, heights, the type of veneer, its thickness, and its bonding and/or ties to the structural wall masonry;

3. The extent and type of existing wall anchorage to floors and roof when used in the design;

4. The extent and type of parapet corrections which were previously performed, if any; and

5. Repair details, if any, of cracked or damaged unreinforced masonry walls.

A115.10 Material requirements.

A115.10.1 General. All materials permitted by this chapter, including their appropriate allowable design values substantiated by testing, may be utilized to meet the requirements of this chapter.

A115.10.2 Existing materials. All existing materials utilized as part of the required vertical load-carrying or lateral force-resisting system shall be tested or shall be repaired or removed and replaced with new materials.

A115.11 Upgrade design—requirements for expanded or continued use of a structure.

1. Except as modified herein, the analysis and design relating to the alteration of, or addition to, an existing building shall be in accordance with the California Building Code.

2. Contractors providing structural upgrades shall be licensed by the State of California in the trade(s) being performed to accomplish the upgrade.

3. Design documents and specifications pertaining to structural upgrades shall be prepared by an architect, structural engineer or civil engineer specializing in structural work, licensed by the State of California to practice as such.

4. Design documents and specifications shall comply with this chapter.

A115.12 Special requirements for qualified historical buildings.

A115.12.1 Purpose and Intent of this Section A115.11. The purpose and intent of this Section A115.11 shall be to minimize the effects of seismic strengthening on the

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exterior appearance of qualified historical buildings.

A115.12.2 Review by the City of El Paso de Robles Development Review Committee. Plans for seismic upgrading of qualified historical buildings shall be reviewed by the Development Review Committee. The basis of review shall be the design guidelines established by this chapter and the Secretary of the Interior's Standards for Rehabilitation and Guidelines for Rehabilitation of Historic Properties, with the following special requirements:

1. Features of architectural or historical significance shall be retained and reattached, braced or stabilized, as required by applicable codes and/or the Building Official.

2. In-wall anchors shall be used on qualified historical buildings instead of through-wall anchors, especially on the principal facade.

3. Through-wall anchors on other facades may be permitted, provided that their locations and treatment are approved by the Development Review Committee.

4. Closure of historic openings on the principal facade shall not be permitted and shall be discouraged on secondary facades. If closure of such openings on secondary facades is unavoidable, the materials used shall be compatible with the existing exterior materials of the secondary facade wall.

5. Historic parapets shall be braced rather than removed.

6. Historic architectural veneer posing a safety hazard shall be stabilized and re-anchored to the building.

A115.12.3 Building Exterior.

1. In order to minimize the effect on the exterior appearance of a qualified historical building, plans showing proposed shear-test locations shall be submitted for review and approval by the Community Development Director or his or her designee, prior to any testing of the structure taking place.

2. Repairs after testing shall match the original adjacent existing building facade materials.

A115.13 Buildings with brick veneers, cornice work and/or parapets.

A115.13.1 Buildings constructed prior to 1972. The owner of each building constructed prior to 1972 with a brick veneer shall, upon service of an order and within the time limits set forth in this chapter, cause an analysis to be made of the veneer by an engineer or architect licensed by the state to practice as such and have such veneer examined to determine if it is anchored to the building structure in a manner consistent

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with the anchorage requirements contained in this chapter.

1. The owners of buildings within the scope of this Subsection shall be served written orders in the manner set forth in Sections A115.3 informing them of the requirements of this Subsection.

2. Within twelve (12) months of the date of service of the order, the owner of a building within the scope of this Subsection shall obtain from the Building Official a building permit to construct the seismic retrofit improvements identified in a structural analysis and plans for structural alteration of the brick veneer to comply with this Subsection.

3. Within thirty (30) months of the date of service of the order, the owner of a building within the scope of this Subsection shall complete anchoring of the brick veneer to meet the anchoring requirements of this chapter.

In order to meet the deadline set forth above, owners of buildings within the scope of this Subsection must submit structural analyses and plans for structural alteration of the building, and/or applications to demolish their buildings at least 105 calendar days prior to the deadline to allow for the Building Official to review the analyses, plans, and/or applications to demolish and to find them to be in compliance with this Chapter.

A115.13.2 Buildings from which brick veneers, cornice work, and/or parapets were removed as a result of the December 22, 2003 earthquake. Each owner of a building from which brick veneers, cornice work and/or parapets were removed as a result of the December 22, 2003 earthquake shall replace said veneers, cornices, and/or parapets.

1. The owners of buildings within the scope of this Subsection shall be served written orders in the manner set forth in Sections A115.3 informing them of the requirement to replace said veneers, cornices, and/or parapets. Said order shall inform building owners that veneers, cornice work and/or parapets shall be replaced with materials providing the same architectural/historical features originally removed.

2. Within twelve (12) months of the date of service of the order, the owner of a building within the scope of this Subsection shall obtain from the Building Official a building permit to construct the seismic retrofit improvements identified in a structural analysis and plans for structural alteration of the brick veneer, cornice, and/or parapet to comply with this Subsection.

3. Within thirty (30) months of the date of service of the order, the owner of a building within the scope of this Subsection shall complete all replacement work.

In order to meet the deadline set forth above, owners of buildings within the scope of this Subsection must submit structural analyses and plans for structural

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alteration of the building and/or applications to demolish their buildings at least 105 calendar days prior to the deadline to allow for the Building Official to review the analyses, plans, and/or applications to demolish and to find them to be in compliance with this Chapter.

A115.13.3 Appeals. Appeals of orders specified in this Section A115.12 shall be handled in the manner set forth in Section A115.5.

A115.14 Report to City Council. Within thirty (30) days of the deadlines established in Sections A115.1 and A115.12, the Building Official shall make a written report to the City Council explaining the status of compliance for each building served notice as set forth in Section A115.3.”
SECTION 5. Justifications for Local Amendments. The City Council hereby finds that the changes and modifications to the California Building Code, Residential Code, Fire Code, Electrical Code, Plumbing Code, and Existing Building Codes in Sections 17.04.020, 17.04.021, 17.04.030,

17.04.040, 17.04.050, 17.18.020, 17.18.030, and 17.18.040 of the El Paso de Robles Municipal Code are reasonably necessary because of the City’s local climate, characterized by hot, dry summers, often resulting in drought conditions, followed by strong winds, often resulting in hazardous fire conditions, and heavy winter rains, often resulting in expansive soil conditions; the City’s geological characteristics in that the area is characterized by geological instability; location in South-Central California; and the topography of the City.

The City Council hereby further finds that certain modifications to the State Building, Residential, Fire, Electrical, Plumbing, and Existing Building Codes in Sections 17.04.020,

17.04.021, 17.04.030, 17.04.040, 17.04.050, 17.18.020, 17.18.030, and 17.18.040 of the El Paso de Robles Municipal Code are administrative in nature and are necessary to allow the uniform application of the codes by procedures suited to the size and nature of the City’s staff and administrative agencies by means suited to the City’s experience with local climatic, geological, and topographical conditions, and to provide sufficient staff support for the time-consuming inspections and analysis required by the City’s fire and geological hazards.

Accordingly, the City Council finds the modifications in this Ordinance to the State Building Code, Residential Code, Fire Code, Electrical Code, Plumbing Code, and Existing Building Code to be necessary for the protection of the public health, safety, and welfare. The City Council hereby adopts all findings set forth in Exhibit “A” to this Ordinance.

SECTION 6. Filing. The City Clerk shall file a certified copy of this Ordinance with the California Building Standards Commission pursuant to section 17958.7 of the California Health and Safety Code.

SECTION 7. CEQA. The City Council finds that the adoption of the California Building Standards Code and these local amendments thereto is exempt from the California Environmental Quality Act (“CEQA”) under CEQA Guideline section 15061(b)(3) (the commonsense exemption). The action is largely administrative in nature and designed to