Agenda packet — Pico Rivera City Council, January 23, 2024 (part 2 of 2)

and transitioned from preliminary planning to design, review of the proposed concepts determined that specific improvements for the Chambers fell outside the scope of eligible ADA improvements under the Community Development Block Grant (CDBG) funding. For this reason, the improvements to the Chambers were separated from the CDBG project and became an independent project.

Direction was given to Ware Malcomb to provide continued support in developing concepts for the chamber improvements, although those services were outside the eligible scope of the prior agreement. Ware Malcomb, in good faith, continued to provide alternate design layouts and exhibits when requested. Unfortunately, the failure to secure a professional services agreement for this work was due to turnover in Public Works staff.

Subsequently, as an interim measure to allow these services to continue, Agreement No. 23-2224 was awarded for the Project to Ware Malcomb on August 16, 2023, for a not-toexceed amount of $29,995.

As this project now advances into the final alternative selection for the chamber’s improvements, Ware Malcomb has incurred consultant staff costs that exceed the prior notto-exceed amount, totaling an additional $44,340. Staff requests that the City Council approve payment of all expenditures incurred by Ware Malcomb to this point of the project as work was completed at the request of staff.

Conclusion:

Staff recommends approving Amendment No. 1 to Ware Malcomb’s Agreement No. 23- 2224 for an additional amount of $44,340 and authorize the City Manager to execute change orders, as needed, in an amount no-to-exceed $20,000 in contingency, as may be necessary to complete the final alternative design selection for the Chamber’s improvements.

Steve Carmona
SC:NN:GE:np
Enclosure: 1) Amendment No. 1 to Agreement No. 23-2224
AMENDMENT NO. 1 TO AGREEMENT NO. 23-2224

PROFESSIONAL SERVICES AGREEMENT

WITH WARE MALCOMB
THIS AMENDMENT NO. 1 TO AGREEMENT NO. 23-2224 FOR PROFESSIONAL SERVICES WITH WARE MALCOMB (“Amendment No. 1"), effective as of the date specified in Section 4 hereof, is made and entered into by and between the CITY OF PICO RIVERA (“CITY”), and WARE MALCOMB, (“CONSULTANT”).

RECITALS
A. CITY and CONSULTANT (collectively referred to as the “PARTIES”) have previously executed that certain Agreement for Professional Services dated August 16, 2023, relating to interior architectural, mechanical engineering, electrical engineering and cost estimated design services for the City Hall Council Chambers Rehabilitation Improvement Project – CIP 50074 (Project).

B. The PARTIES desire to amend said Agreement as set forth herein, pursuant to Section 5 and 33 of the Agreement.

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

1. MODIFICATION OF SCOPE OF SERVICES TO BE PERFORMED BY CONSULTANT.

The Scope of Services to be performed by CONSULTANT, as set forth in Exhibit A of the Agreement shall hereby be supplemented by the CONSULTANT’S Proposal dated December 27, 2023, attached hereto and incorporated by reference as Exhibit “A-1” to this Amendment No. 1.

2. MODIFICATION OF CONSULTANT’S COMPENSATION.

The total compensation to be paid by CITY to CONSULTANT under Section 5.1 of the Agreement for the modified Scope of Services identified in Exhibit A-1 shall be increased by an amount of $43,140.00, to a total amount not-to-exceed SeventyThree Thousand One Hundred Thirty-Five Dollars ($73,135.00).

3. EFFECT OF AMENDMENTS.

Except as modified herein, either expressly or by necessary implication, the terms and provisions of the Agreement between the CITY and CONSULTANT shall remain in full force and effect.

4. EFFECTIVE DATE.

ENCLOSURE 1
7a
Amendment No. 1 to Professional Services Agreement No. 23-2224

WARE MALCOMB

Page 2 of 3 ends

Unless otherwise specified herein, this Amendment No. 1 shall become effective as of the date set forth below on which the last of the Parties, whether CITY or CONSULTANT, executes this Amendment No. 1.

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment No. 1 to be executed and attested by their respective officers hereunto duly authorized. “CITY” “CONSULTANT”

CITY OF PICO RIVERA WARE MALCOMB
______________________________ _________________________________ Steve Carmona, City Manager Tobin Sloane, CFO / EVP
Dated: ________________________ Dated: ____________________________ ATTEST: APPROVED AS TO FORM
___________________________ _________________________________ Cynthia Ayala, City Clerk Arnold M. Alvarez-Glasman, City Attorney EXHIBIT A-1
Scope of Services

12.27.2023 Page 1 of 8
Add Service 01 – Council Chambers Phase I
Date: December 27, 2023 Project Name: City of Pico Rivera – Council Chambers To: Noe Negrete Project No.: IRV23-6073-00
From: Amanda Humphrey Master Agreement Date:

Proposed Add No.: 01 WM Project Manager: Amanda Humphrey Reason for change:

Client request Omitted from original plan
Budgeted item not shown on bid set Other:

General Description of Additional Services:

This Additional Services proposal is intended to amend the above-referenced Master Agreement to include the additional services.

I. Project Description:

NOTE: This proposal is for work that has been approved and completed year ending 2022.

Our proposal is based upon the Request for Proposal and outlines Interior Architecture and Engineering Services for City of Pico Rivera’s (City) Council Chamber remodel project located in Pico Rivera, California. The Chamber scope of work is to be designed and prepared as a separate package from the previously approved City Hall Accessibility scope of work.

Ware Malcomb understands the scope of work to include:

A. The following disciplines are to be included under Ware Malcomb’s scope and responsibility:
• Interior Architectural Design Ware Malcomb
• Cost Estimating OCMI
• Mechanical and Electrical and Engineering RPM
• Specification Manual Bruce Dinwiddie & Associates
B. The following disciplines are excluded from Ware Malcomb’s s cope and responsibility; however, they may be required for the project:
• Structural Engineering
• Acoustical Engineer
• Plumbing Engineering

12.27.2023 Page 2 of 8
A. The following special considerations and assumptions were made for this proposal:

1. A Conditional Use Permit or Rezoning of the property is not required by the local jurisdiction.

2. The project will be completed as a single construction phase.

3. The existing facility conforms to all accessibility codes and requirements, and City of Pico Rivera or the building owner will sign the Accessibility Statement required by the local jurisdiction.

4. City of Pico Rivera will provide the design team with a completed equipment list of all major equipment within the scope of work for the project. Major equipment includes, but is not limited to the following:
a. Equipment with excessive heat loads or exhaust requirements. b. Equipment with compressed air or vacuum requirements. c. Equipment with piped gas requirements (N2, CO2, He, etc) d. Equipment weighing over two-hundred (200) pounds or with a height of over forty-eight inches (48”)
e. Equipment requiring a dedicated electrical circuit.
f. Equipment which non-line voltage (110-120V, 60Hz single phase) electrical requirements. g. Equipment which electrical loads of one (1) amp of more. h. Equipment with special environmental requirements, such as sensitivity to vibration or electrical / magnetic fields.
i. Information provided to Ware Malcomb to include cut sheets. Base diagrams / drawings will be required for heavy equipment required to be anchored. Ware Malcomb can assist City of Pico Rivera with completing the equipment list as an additional service (See “Optional Services” below). j. Coordination with Audio Visual/Low Voltage Consultant under a separate contract with City of Pico Rivera.

II. Interior Architecture Basic Services:

A. Programming Phase –
Ware Malcomb proposes to provide planning services to City of Pico Rivera through interviews and analysis, to arrive at overall space needs and relationships as follows:

1. Meet with the City of Pico Rivera Project Team to review program requirements as already determined and outlined, review responsibilities, budget, schedules and procedures.

2. With City of Pico Rivera’s assistance, schedule interviewing of designated personnel to determine the size requirements for area, adjacency requirements and basic information about their preferred council chamber layout.

3. Document and submit program interviews for City of Pico Rivera Project Team’s concurrence.

4. Become familiar with equipment usage and related power, ventilation, storage or other requirements.

5. Provide final program summary report for review/comment.

12.27.2023 Page 3 of 8

6. Ware Malcomb has included (1) one revision (up to 25% of the data originally provided) to Program Summary upon review.

7. Review outlined project schedule and budgets for any concerns.

8. Ware Malcomb shall attend up to three (3) one-hour programming meetings.

B. Space Planning Phase – Phase I

1. Based on the final program, Ware Malcomb will provide a space plan, which will indicate the location of rooms, circulation paths, partitions, doors and a suggested furniture layout will be blocked out. Ware Malcomb will provide two (2) minor revisions (less than 25%) as required.

2. Review the plans for conformance to codes and make recommendations as necessary to meet local building and fire department requirements.

3. Ware Malcomb shall attend up to three (3) one-hour meetings for design/review.

C. Schematic Design Phase – Phase I
Ware Malcomb shall provide the Schematic Design for the areas outlined above through the following:

1. Based on the program, refined space plan and City of Pico Rivera standards, Ware Malcomb shall provide sketches and loose material selections to communicate concepts and ideas for the space outlined above. These shall be reviewed with City of Pico Rivera for conformance to their image for each area.

2. Upon approval, Ware Malcomb shall prepare Preliminary Pricing Plans including additional information for City of Pico Rivera’s Cost Estimator to provide a preliminary budget price. Preliminary Pricing Plans shall include:

1. Demo plan: Plan identifies items to be removed from existing conditions to prepare for new approved scope.

2. Partition Plan: Noting locations of full height walls, if required.

3. Power/Signal Plan: Power and data locations and any (known) specialty power requirements.

4. Reflected Ceiling Plan: Ceiling Types (i.e. ACT, gypsum board, or open to structure) and light fixture type/quantity. Actual specifications will remain as “to be determined” at this stage.

5. Finish Plan (Floor & Wall): If already determined by the tenant/owner, finishes (by generic type) will be hatched / noted on the plan for location and provided with a budgetary material cost/allowance per SF.

12.27.2023 Page 4 of 8

3. Ware Malcomb shall review the budget pricing prepared by a designated Contractor and present costs to City of Pico Rivera for review.

4. Ware Malcomb shall provide two (2) loose finish palettes/concepts.

5. Ware Malcomb has included two (2) Revit / Enscape rendering views per below, with one (1) minor revision per view included (less than 10% change each).

Rendered views to be provided are as follows:

1. View 1: Facing Dais

2. View 2: Facing Rear of Council Chambers

6. Ware Malcomb shall attend up to three (3) one-hour meetings for design and review.

D. Design Development Phase – Phase I

1. Based on the approved Schematic Design, Ware Malcomb shall provide final Design Development to include plans with fixed dimension, elevations, relevant details, electrical and lighting solutions to provide City of Pico Rivera a representation of the final design.

2. Present final finish palette that shows all materials, finishes and colors. One (1) minor revision (a maximum of 10%) is included.

3. Rendered Views that were previously provided will be updated, based on the approved Design Development package, with one (1) minor revision per view included (less than 10% change each).

4. Provide plans and other design information to Consultants as directed by City of Pico Rivera.

5. Provide progress prints of plans and other design information for preliminary pricing by Cost Estimator and for review by City of Pico Rivera.

6. Assist City of Pico Rivera in evaluating preliminary pricing and other project information.

7. Ware Malcomb shall attend up to three (3) one-hour meetings for design and review.

E. Contract Documents Phase – Phase I:

Prepare Contract Documents based on the approved Design Development documents or as authorized by City of Pico Rivera. The documents shall set forth in detail the requirements for construction of the project. The scope of work shall include the following:

1. Prepare Interior Architectural Contract Documents of the project.

2. Prepare Project Manual outlining specifications in the scope of work.

12.27.2023 Page 5 of 8

3. Provide Mechanical and Electrical Engineering Contract Documents.

4. Ware Malcomb shall provide general coordination between documents prepared by its engineers and consultants, and with City of Pico Rivera consultants, contractors, engineers and vendors.

5. Ware Malcomb shall submit the Contract Documents to the Building Department and Fire Department for Plan Check Review. Submittals to special jurisdictions such as City Planning, Airport Authority, Health Department, etc. is not included but may be included as an additional service upon request.

Ware Malcomb is not responsible for plan check review times.

6. Plan Runner/Expeditor Services, if utilized, will be passed through as a reimbursable expense.

7. Ware Malcomb shall review and update a Project Schedule with the City of Pico Rivera Team, if necessary.

8. Ware Malcomb shall review with the City of Pico Rivera Team the updated cost estimate prepared by a designated Consultant or Contractor.

9. Ware Malcomb shall attend up to three (3) one-hour meetings. One of the meetings shall be a PageTurn meeting and/or “Sign-off” of Contract Document Drawings, prior to submitting for Permit, or issuing for Bid.

III. Excluded Services:

A. Soils engineering or reports.

B. Site surveys, services or reports.

C. Fire suppression or alarm systems (design-build).

D. Special studies such as Traffic, Noise, Utility, Acoustical or Environmental studies.

E. Off-Site Improvements.

F. Hazardous materials identification, storage, or abatement.

G. Roofing or waterproofing Inspection.

H. Confirmation and/or verification of the accuracy and/or completeness of documents or information received from others.

I. Storage or Racking design.

IV. Supplemental Services:

The following items are not contemplated or included within Ware Malcomb’s Scope or Fee. Ware Malcomb may perform certain services among the list below as an additional service and for an additional fee.

A. Existing Furniture inventories
B. Furniture selection / coordination
C. Furniture installation plans of final specifications.

D. Record drawings
E. Plumbing or Structural engineering or documents

12.27.2023 Page 6 of 8
F. Perspective or 3D Renderings, Virtual Reality, Panoramic Images, or Animation fly throughs U.O.N.

G. Branding services such as Identity/Logo, Stationery System, Branding, Marketing Materials/Leasing Brochures, Website, Multi-Media Presentations, and Environmental Graphics H. Changes to the Program or building area
I. Permits or Agency fees
J. Bidding Assistance & Coordination
K. Changes or revisions subsequent to completion of Design Development Phase including contractor Value Engineering, except for those required for refinement or code compliance L. Signage or Public Art selection
M. Landscape Design or Documents
N. Preparation of meeting minutes during construction
O. Contract Administration more than 15 days beyond date of substantial completion P. Multiple bid processes or negotiations with General Contractors Q. Contract Administration
R. Contractor submittal reviews beyond the initial review and one backcheck S. Retaining wall design
T. Design of non-standard structural systems due to sub-grade seismic or soils conditions U. BOMA Calculations
V. Lighting design, audio visual or communication consultants W. Acoustical design
X. Material Handling Coordination
Y. Equipment As-Builts
Z. Emergency generator and fuel system design or storage tanks AA. Parcel maps, lot line adjustments, zone changes or environmental clearances BB. Variances or Entitlements, Legal Descriptions, or Special Planning Processes CC. Any and all other services not specifically described as part of the Basic Services

12.27.2023 Page 7 of 8
V. Compensation:

Compensation for Basic Services shall be a fixed fee plus reimbursable expenses. All payments shall be due upon receipt of invoice. Billings shall be based on a percentage of completion on a phase basis. Invoicing shall be in accordance with the following breakdown:

INTERIOR ARCHITECTURE & DESIGN
Programming $ 800.00
Space Planning $ 3,600.00
Schematic Design $ 4,500.00
Design Development $ 6,000.00
Contract Documents $ 16,000.00
Sub-Total Fee for Interior Architectural Services $ 30,900.00

ENGINEERING & DESIGN CONSULTANTS
Electrical & Mechanical Engineering $ 3,600.00
Cost Estimator $ 5,040.00
Specification Manual $ 3,600.00
Sub-Total Fee for Consultant Engineering Services $ 12,240.00 TOTAL ARCHITECTURE & ENGINEERING SERVICES $ 43,140.00

Note: Ware Malcomb offers the following additional/integrated/in-house services. We may perform any or all of these services at your request for an additional fee:

1. LEED® Coordination & Management

2. Branding (including Signage)

3. Civil Engineering
VI. Reimbursable Expenses:

Standard expenses are in addition to our fees. Reimbursable expenses for such things as printing, plotting, renderings requested by Owner, postage and handling, delivery costs, travel and mileage, reproductions and facsimiles, are charged at the standard rate of cost plus fifteen percent (15%).The Client shall be responsible for plan check fees and shall provide payment directly to the Authority having Jurisdiction; plan check fees will not be handled as a reimbursable expense.

12.27.2023 Page 8 of 8
VII. Payment to Ware Malcomb:

All payments shall be due upon receipt of invoice, or as mutually agreed via a written contract. Billings shall be based on a percentage of completion on a Phase basis. Fees for all services up to and including Contract Documents and any unpaid billings shall be due and paid prior to submittal for agency plan check.

VIII. Expiration:

The Scope, Basic Services offered, and corresponding fees are valid for ninety (90) days from the date of this Proposal.

Should the project be awarded after ninety (90) days from the date of this Proposal, Ware Malcomb reserves the right to revise the durations and fees specified herein.

IX. Acceptance:

As described in the entire proceeding document, I hereby accept this Proposal. I understand that upon acceptance of the proposal, Ware Malcomb will generate a formal Contract, of which this Proposal will become an exhibit. Terms and Conditions of the Contract will supersede any presented within this proposal.

City of Pico Rivera
______________________________________________________ Date:__________________________ Noe Negrete, Director of Public Works
Best regards,
Ware Malcomb
Amanda Humphrey
Project Manager, Interior Architecture and Design
To: Mayor and City Council
From: City Manager
Meeting Date: January 23, 2024
Subject: APPROVE AMENDMENT NO. 4 TO AGREEMENT NO. 20-
1950 WITH AVANT-GARDE, INC., FOR ADMINISTRATION

OF THE SMALL BUSINESS GRANT PROGRAM
Recommendation:

1. Approve Amendment No. 4 to Agreement No. 20-1950 with Avant-Garde, Inc. in a form approved by the City Attorney, in the amount of $7,500 for a total not-toexceed amount of $68,000, with an extension of the term through June 30, 2024, to provide administration services for the Small Business Grant Program and authorize the City Manager to execute Amendment No. 4.

Fiscal Impact:

There is no fiscal impact to the General Fund as a result of the recommended action.

The City has existing federal Community Development Block Grant (CDBG) funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act to support administration of the Small Business Grant Program. There is sufficient funding for this amendment in the Adopted Budget for fiscal year (FY) 2023-2024 in Account No. 280.30.3400-54500 NonCIP 6305 (CDBG General Administration).

Discussion:

As an entitlement city, the City receives CDBG funds on an annual basis from the U.S.

Department of Housing and Urban Development (HUD) to carry out a wide range of community development activities that benefit low- and moderate-income persons.

HUD facilitated additional CDBG economic support through the 2020 CARES Act, known as CDBG-CV. The objective of CDBG-CV funding is to enable activities that respond to the impacts of the COVID-19 pandemic.
8 CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 APPROVE AMENDMENT NO. 4 TO AGREEMENT NO. 20-1950 WITH AVANTGARDE, INC., FOR ADMINISTRATION OF THE SMALL BUSINESS GRANT

PROGRAM

Page 2 of 2 ends

Small Business Grant Program
The Small Business Grant Program launched the first round of grants on April 19, 2021, to assist small businesses impacted by the COVID-19 pandemic. In two (2) rounds of CDBG-CV funding, a total of 31 Pico Rivera businesses have been awarded grants in the amount of $10,000 each, for a total of $310,000.

There are certain administrative tasks associated with the program’s closeout in order to comply with HUD reporting requirements. These include verifying completion of grantee documentation, recordkeeping, and submission of final reports to HUD. The City has enlisted the services of Avant-Garde, Inc., for the ongoing administration of CDBG funded programs, including the Small Business Grant Program.

The proposed fourth amendment is not-to-exceed $68,000, and the term of the agreement is recommended to be extended until June 30, 2024. This extension is sought to ensure Avant-Garde continues to provide administrative services for the proper documentation of the Small Business Grant Program.

Conclusion:

Staff recommends that the City Council approve Amendment No. 4 to Agreement No. 20-1950 between the City and Avant-Garde, Inc., for continued administration of the Small Business Grant Program. This amendment would provide for an extension of the term through June 30, 2024, with an additional allocation of $7,500 in CDBG-CV funds, resulting in a not-to-exceed total of $68,000.

Steve Carmona
SC:AB:JG:EL:jj
Enclosure: 1) Amendment No. 4
AMENDMENT NO. 4 TO AGREEMENT NO. 20-1950

PROFESSIONAL SERVICES AGREEMENT BETWEEN
THE CITY OF PICO RIVERA AND AVANT-GARDE, INC.

This Fourth Amendment to Agreement No. 20-1950, Professional Services Agreement Between the City of Pico Rivera and Avant-Garde, Inc. (formerly Avant-Garde, LLC) (“Fourth Amendment”) is made and entered into as of June 30, 2023, (“Effective Date”) by the City of Pico Rivera, a municipal corporation (“City”) and Avant-Garde, Inc., a California corporation (formerly Avant-Garde, LLC) (“Consultant”). City and Consultant are sometimes hereinafter referred to individually as “Party” and collectively as the “Parties.”

RECITALS
WHEREAS, City and Consultant are Parties to the Agreement No. 20-1950 dated on or about April 14, 2020, as amended by Amendment No. 1 dated May 12, 2021, Amendment No. 2 dated March 8, 2022, and Amendment No. 3 dated July 12, 2022, respectively (“Agreement”), pursuant to which Consultant assists in administrating the Community Development Block Grant (CDBG) program; and
WHEREAS, the Parties desire to amend the Agreement to incorporate additional costs associated with the updates to the “Scope of Services” submitted to the City on April 28, 2023 attached as Exhibit A-1; and
WHEREAS, to meet the objectives of the City’s ongoing CDBG projects, the Parties intend to be bound by the terms and provisions of the Agreement as it is amended herein; and
NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, the Parties agree as follows:

SECTION 1. The Scope of Services as defined under Section 3.1 of the Agreement is hereby amended to include the additional administrative services for the City’s Small Business Grant Program (Program) including outreach to businesses to encourage program participation, implementation of the program including reviewing applications for eligibility and underwriting, and assistance in ensuring program objectives are met as more specifically described in Exhibit A-1, which is incorporated into and made part of the Agreement by this reference.

SECTION 2. Section 5.1 is hereby amended for the purpose of incorporating additional costs associated with the services described above. City shall compensate Consultant for the updates to the Scope of Work identified in Exhibit A-1, for an additional amount not-to-exceed Seven Thousand, Five Hundred Dollars ($7,500), for a total notto-exceed amount of Sixty-Eight Thousand Dollars ($68,000).

SECTION 3. Pursuant to Section 4 of the Agreement, the Parties hereby extend the Term of the Agreement and amend the “Expiration Date” of the Agreement under Section 3.4 to June 30, 2024 unless extended by written agreement.

Enclosure 1
8a
Amendment No. 4 to Agreement No. 20-1950
AVANT-GARDE, INC.

Page 2 of 2 ends

SECTION 4. Consultant acknowledges that the funding associated with the Scope of Services under this Agreement requires compliance with the requirements of funding through the Community Development Block Grant program. (“CDBG”).

Consultant agrees that it will be responsible for ensuring that all applicable CDBG program requirements under 24 C.F.R. 570 and 2 C.F.R. part 200 are met, including but not limited to those requirements listed under Exhibit B, which is attached hereto and incorporated hereby reference. Should any conflict arise between the requirements of Exhibit B and the Agreement, the provisions of Exhibit B shall control to the minimum extent required to resolve such conflict.

SECTION 5. Except as otherwise provided for in this Fourth Amendment, the Agreement shall remain in full force and effect in accordance with the original terms of the Agreement.

SECTION 6. Unless otherwise specified herein, this Fourth Amendment shall become effective as of the date set forth in the introductory paragraph above.

IN WITNESS WHEREOF, the Parties hereto have caused this Fourth Amendment to be executed and attested by their respective officers hereunto duly authorized. “CITY” “CONSULTANT”
CITY OF PICO RIVERA AVANT-GARDE, INC.
______________________________ _________________________________ Steve Carmona, City Manager Ana Marie LeNoue, President Dated: ________________________ Dated: ____________________________ ATTEST: APPROVED AS TO FORM:
___________________________ _________________________________ Cynthia Ayala, CMC, City Clerk Arnold M. Alvarez-Glasman, City Attorney www.avant-garde-inc.com
April 28, 2023
Julia Gonzalez, Deputy Director
Community & Economic Development Department
City of Pico Rivera
6615 Passons Boulevard
Pico Rivera, CA 90660
Subject: Request for Contract amendment for implementation of the Business Grant Program – Round 3 Extension
Dear Ms. Gonzalez:

It is with great pleasure that I provide you with this proposal to provide continued assistance with the implementation of the third round of Business Grant Program funded with CDBG funds administered through the Department of Housing and Urban Development.

Our years of practice have resulted in a solid foundation of experience and technical expertise and a dedication to integrity, excellence, and quality. We are proud of our strong reputation for meeting aggressive schedules and our ability to multi-task to provide our clients with specialized attention and service.

Currently, we are requesting a budget increase to our current contract. We will continue to provide services as outlined in our existing professional services agreement and assist with the implementation and outreach for the Business Grant Program as follows.

A. Scope of Work
• Implementation of the Business Grant Program including reviewing applications for eligibility and underwriting.
• We will also assist the City with outreach to identified businesses by the City to encourage participation in the program.
• We will work alongside current staff to ensure that the program objectives are met.

B. Schedule
Avant-Garde is committed to working with the City to complete 5 Business Grants through follow up.

C. Personnel and Compensation
EXHIBIT A-1

www.avant-garde-inc.com
Our fee will be billed on a time and material basis in accordance with the hourly rates in our agreement and noted herein. We request an additional amount of $7,500 to be added to our existing contract.

CDBG-CV
Cost of Processing Application and
Completing Follow Up Phase (includes those
not eligible)
$7,500
Program Director $110
Program Manager $95
Program Assistant $75
AVANT-GARDE is committed to excellence and stands behind our reputation to provide only the highest level of products and services to enhance the quality of life for the communities we serve. Whether working on a specific project or a long-term program, our clients will always receive our blend of expertise to ensure every one of their goals are met.

If you have any questions, or if I can be of further assistance, please feel free to contact me at 909-979-6587 or 323-371-5530.

Sincerely,
Lissette Montoya
Lissette Montoya
Vice President
Acceptance of Proposal:
___________________________
City of Pico Rivera
EXHIBIT “B”
Required Federal Service Agreement Provisions
(2 C.F.R. Appendix II to Part 200)
A. Remedies - In addition to right to terminate or suspend the Agreement contained herein, if Consultant fails to perform any of the obligations under this Agreement, City may, in its sole discretion, require Consultant to cure any deficiencies in its performance by providing notice in compliance with Section 21 of the Agreement, specifying the applicable cure period to perform the requested cure items. If Consultant does not provide such a cure prior to the expiration of the cure period, Consultant shall be liable for the cost and expense incurred by City as a result of such default, including but not limited to the costs and expense associated with obtain a replacement Consultant to complete the Scope of Services. This provision shall not be interpreted to limit any administrative or civil penalties, sanctions, or remedies City may have under the City’s municipal code or under any applicable laws B. Termination for Cause and for Convenience – see Agreement Section 21. Termination C. Equal Employment Opportunity – During the performance of this Agreement, the Consultant agrees to abide by the Equal Opportunity Clause of 41 CFR 60-1.4(a) or 41 CFR 60-1.4(b) for construction Agreements.

D. Copeland “Anti-Kickback” Act –Consultant also warrants that Consultant was not induced, by any means, from giving up any portion of the compensation due under this Agreement by any City employee in breach of 40 U.S. C. 3145. For breach or violation of this warranty, City shall have the right, in its discretion, to terminate this Agreement without liability, to pay only for the value of the work actually performed, or to deduct from this Agreement Price or otherwise recover the full amount of such rebate, kickback or other unlawful consideration E. Debarment and Suspension – Consultant shall have an active registration with the System for Award Management (“SAM”) The Consultant’s execution of this Agreement shall constitute a certification under penalty of perjury under the laws of the State of California, that the Consultant or any person associated therewith in the capacity of owner, partner, director, officer or manager:

1. Is not currently under suspension, debarment, voluntary exclusion, or determination of ineligibility by any federal agency;

2. Has not been suspended, debarred, voluntarily excluded, or determined ineligible by any federal agency within the past three (3) years;

3. Does not have a proposed debarment pending; and

4. Has not been indicted, convicted, or had a civil judgment rendered against it by a court of competent jurisdiction in any matter involving fraud or official misconduct within the past three (3) years.

Any exceptions to this certification must be disclosed to City. Exceptions will not necessarily result in denial of recommendation for award, but will be considered in determining responsibility. Disclosures must indicate the party to whom the exceptions apply, the initiating agency, and the dates of agency action.

Exceptions to the Federal Government excluded parties (https://sam.gov/content/home) maintained by the U.S. General Services Administration are to be determined by FHWA.

F. Byrd Anti-Lobbying Amendment – By signing this Agreement, Consultant certifies, to the best of his or her knowledge and belief, that:

1. No State, Federal, or City appropriated funds have been paid or will be paid, by or on behalf of the Consultant, to any person for influencing or attempting to influence an officer or employee of any local, State, or Federal agency, a Member of the State Legislature or United States Congress, an officer or employee of the Legislature or Congress, or any employee of a Member of the Legislature or Congress in connection with the awarding or making of this Agreement, or with the extension, continuation, renewal, amendment, or modification of this Agreement.

2. If any funds other than Federal appropriated funds have been paid or will be paid to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a member of Congress in connection with this Agreement, the Consultant shall complete and submit Standard Form-LLL, “Disclosure Form to Report Lobbying,” in accordance with its instructions.

This certification is a material representation of fact upon which reliance was placed when this transaction was made or entered into. Submission of this certification is a prerequisite for making or entering into this transaction imposed by 31 U.S.C. §1352. Any person who fails to file the required certification shall be subject to a civil penalty of not less than ten thousand dollars ($10,000) and not more than one hundred thousand dollars ($100,000) for each such failure.

The Consultant also agrees by signing this Agreement that he or she shall require that the language of this certification be included in all lower tier subagreements, which exceed one hundred thousand dollars ($100,000), and that all such subrecipients shall certify and disclose accordingly.

G. Procurement of Recovered Materials – Consultant shall comply with the requirements of the Solid Waste Disposal Act, Section 6002, as amended by the Resource Conservation and Recovery Act.

H. Prohibition on Certain Telecommunications and Video Surveillance Services or Equipment – Consultant shall not use any equipment prohibited by 2 CFR Section 200.216 in the performance of this Agreement and shall comply with all requirements included thereto.

I. Domestic Preferences for Procurements – To the extent practicable, Consultant shall abide by the provision of 2 CFR Section 200.322 that provides a preference for goods, products, or materials produced domestically.

J. Civil Rights Act – Consultant shall not deny benefits or services, or otherwise discriminate on the basis of race, color, national origin (including limited English proficiency), disability, age or sex (including sexual orientation and gender identity) in accordance with the following authorities: Title VI of the Civil Rights Act of 1964 (Title VI) Public Law 88-352, 42 U.S.C. 2000d-1 et seq., and the Department's implementing regulations, 31 CFR part 22; Section 504 of the Rehabilitation Act of 1973 (Section 504), Public Law 93-112, as amended by Public Law 93-516, 29 U.S.C. 794; Title IX of the Education Amendments of 1972 (Title IX), 20 U.S.C. 1681 et seq., and the Department's implementing regulations, 31 CFR part 28; Age Discrimination Act of 1975, Public Law 94-135, 42 U.S.C. 6101 et seq., and the Department implementing regulations at 31 CFR part 23.

K. CDBG Section 3 - The work to be performed under this Agreement is a project assisted under a program providing direct Federal financial assistance from HUD and is subject to the requirements of Section 3 of the Housing and Urban Development Act of 1968, as amended (12 U.S.C. 1701). Section 3 requires that to the greatest extent feasible opportunities for training and employment be given to low- and very low-income residents of the project area, and that contracts for work in connection with the project be awarded to business concerns that provide economic opportunities for low- and very low-income persons residing in the metropolitan area in which the project is located.
www.avant-garde-inc.com
April 28, 2023
Julia Gonzalez, Deputy Director
Community & Economic Development Department
City of Pico Rivera
6615 Passons Boulevard
Pico Rivera, CA 90660
Subject: Request for Contract amendment for implementation of the Business Grant Program – Round 3 Extension
Dear Ms. Gonzalez:

B. Schedule
Avant-Garde is committed to working with the City to complete 5 Business Grants through follow up.

C. Personnel and Compensation
EXHIBIT A-1

If you have any questions, or if I can be of further assistance, please feel free to contact me at 909-979-6587 or 323-371-5530.

1. Is not currently under suspension, debarment, voluntary exclusion, or determination of ineligibility by any federal agency;

2. Has not been suspended, debarred, voluntarily excluded, or determined ineligible by any federal agency within the past three (3) years;

3. Does not have a proposed debarment pending; and

Exceptions to the Federal Government excluded parties (https://sam.gov/content/home) maintained by the U.S. General Services Administration are to be determined by FHWA.

F. Byrd Anti-Lobbying Amendment – By signing this Agreement, Consultant certifies, to the best of his or her knowledge and belief, that:

G. Procurement of Recovered Materials – Consultant shall comply with the requirements of the Solid Waste Disposal Act, Section 6002, as amended by the Resource Conservation and Recovery Act.

To: Mayor and City Council
From: City Manager
Meeting Date: January 23, 2024
Subject: MAYORAL APPOINTMENTS
Recommendation:

1. Confirm the Mayor’s appointments to various Boards, Agencies and Committees.

Fiscal Impact:

There is no fiscal impact to the General Fund associated with this item.

Discussion:

Each year, following the City Council reorganization meeting, the incoming Mayor is charged with assigning members of the City Council to represent the City Council on various Boards, Agencies, and Committees. Once the City Council has confirmed the Mayor’s appointments, staff then notify the appropriate affected agencies.

The attached list (Enclosure 1) shows the Mayoral Appointments for the year 2024 and is presented for the City Council’s confirmation.

Steve Carmona
SC:CA:gsm
Enclosure: 1) 2024 List of Mayoral appointments
9 Mayor’s Appointments 2024
* Mayor is the required delegate
City-related Committees (Not Council Appointed)
Members are not appointed by Council, but the Mayor annually assigns a liaison from the City Council membership Member Delegate/Alternate Staff
History and Heritage Society
8655 Holbrook Avenue, Pico Rivera, CA
90660
Celia Galindo
562-948-2408 Garcia/Lutz Pamela Yugar
Christmas Baskets Committee
Christina Trujillo
562-355-8093 Lutz/Sanchez Pamela Yugar
Council Liaison Appointments to Other Jurisdictions
Agency Name Contact Delegate/Alternate Stipend
League of California Cities - Los
Angeles Chapter
Kristine Guerrero
League Staff Lutz/Garcia None
*Los Angeles County City Selection
Committee Lee Millen Lara/ Garcia None
Pico Rivera Chamber of Commerce
3rd Tuesday of the Month, 12noon
Nicole Arruda
562-949-2477 Lara/Camacho None
California Contract Cities
Association
Exec. Board, 1st Wed. of the month,
6:00 p.m.

Director's Board, 3rd Wed. of the month,
6:00 p.m. Marcel Rodarte Camacho/Garcia None
Gateway Cities Council of
Governments
1st Wed. of the month, 5:30 p.m. Genny Cisneros Lutz/Sanchez $100 *Sanitation Districts of Los Angeles
County
2nd & 4th Wed. of the month, 1:30 p.m. Kim Christensen Lara/Camacho $125 per meeting
per District
Southeast Area Social Services Funding
Authority (SASSFA)
4th Thurs. of the month, 12:00 noon Alma Martinez Sanchez/ Lara None South East Area Animal Control
Authority
(SEAACA)
3rd Thurs. of the month, 2:00 p.m. Cathy Kyle Camacho/ Lutz $225 Greater Los Angeles County Vector
Control District (2-year term until 2025) Truc Dever Camacho /(No alternate required) $100 quarterly Southern California Association of
Governments (SCAG) Maggie Aguilar Lara/Camacho
Southeast Water Coalition
Kevin Sales (City of
Commerce) Lara/Garcia $150
Washington Boulevard Light Rail Transit
Coalition Camacho/Sanchez
Successor Agency Oversight Board Cynthia Ayala --- None Enclosure 1
9a

!
"

# $#%&%'("(

# ) *
#
(
+ ,

,
-
./ !

0.
!1
231 )
13!01
44!35),
4 010
23 2!
%%#'

4
2)
!1
231 !
%%
67789:;<9=>?@A
"#"%'( 4
*
(

0
0 B ) C/
//
67789:;D9==E@F 0) B/G

/

G % %

0H/-IG

3 /

G % %

Enclosure 1
10a

!
"

#
$#%&%'("(

#
) *
#
(

+ ,

,
-

./
!

0.
!1
231
!2
)13
33,31435!.!!650
)
1
55!37),
5 312
!3

%%#'

5
2)

!1
231 !
%%

899:;<=>;?@ABC#"#"

D
5
*
(

0
0 E ) F/
//

899:;<=G;??HBI
0) E/J

/

J #
' #
%#
0K/-LJ

3 /

J #
' #
%#
To: Mayor and City Council
From: City Manager
Meeting Date: January 23, 2024
Subject: TREASURER’S MONTHLY INVESTMENT TRANSACTION
REPORT AS OF NOVEMBER 30, 2023
Recommendation:

1. Receive and file the Treasurer’s Monthly Investment Transaction Report as of November 30, 2023.

Fiscal Impact:

There is no fiscal impact to the General Fund.

Background:

Per the City of Pico Rivera (City) Investment Policy approved by the City Council on August 1, 2023, the City Treasurer submits a monthly investment transaction report to the City Council within 45 days of the end of the reporting period in accordance with California Government Code Section 53607.

Discussion:

This report updates the City Council on the City’s monthly transactions of the City’s investment portfolio for the month ending November 30, 2023. The statements enclosed include transactions of the City’s investments with the Local Agency Investment Fund (LAIF), Chandler Asset Management, and Commercial Bank of California (Enclosures 1, 2, and 3).

Conclusion:

As of November 30, 2023, the City’s portfolio remains highly rated, liquid, and stable. All investments are maintained in accordance with California Government Code Section 53601 and the City’s investment policy approved by the City Council on August 1, 2023.

Steve Carmona
10 CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 TREASURER’S MONTHLY INVESTMENT TRANSACTION REPORT AS OF NOVEMBER 30, 2023

Page 2 of 2 ends

SC:JG:MP:JM:ep
Enclosures: 1) LAIF Statements for the Month Ending November 30, 2023. 2) Chandler Asset Management Transaction Ledger for the Month Ending November 30, 2023.
3) Commercial Bank of California Insured Cash Sweep Statement for the Month Ending November 30, 2023.

Transaction
Date
Tran Category Tran Type
Description
Security Description Quantity Price Principal Interest Total Amount 11/1/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 8,531.25 1.00000 8,531.25 - 8,531.25 11/1/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 620.60 1.00000 620.60 - 620.60 11/6/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 440,000.00 1.00000 440,000.00 - 440,000.00 11/6/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 550.00 1.00000 550.00 - 550.00 11/7/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 750.00 1.00000 750.00 - 750.00 11/8/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 967.50 1.00000 967.50 - 967.50 11/10/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 8,000.00 1.00000 8,000.00 - 8,000.00 11/12/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 483.75 1.00000 483.75 - 483.75 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,503.62 1.00000 1,503.62 - 1,503.62 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 358.42 1.00000 358.42 - 358.42 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 591.58 1.00000 591.58 - 591.58 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 285.05 1.00000 285.05 - 285.05 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 6,014.47 1.00000 6,014.47 - 6,014.47 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 4,303.01 1.00000 4,303.01 - 4,303.01 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,438.50 1.00000 1,438.50 - 1,438.50 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 10,090.85 1.00000 10,090.85 - 10,090.85 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 5,381.23 1.00000 5,381.23 - 5,381.23 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 43,306.25 1.00000 43,306.25 - 43,306.25 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 527.58 1.00000 527.58 - 527.58 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,483.50 1.00000 1,483.50 - 1,483.50 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 17,113.00 1.00000 17,113.00 - 17,113.00 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 3,111.44 1.00000 3,111.44 - 3,111.44 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 678.00 1.00000 678.00 - 678.00 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 933.17 1.00000 933.17 - 933.17 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 219.33 1.00000 219.33 - 219.33 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 394.62 1.00000 394.62 - 394.62 11/15/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 13,702.86 1.00000 13,702.86 - 13,702.86 11/16/2023 Acquisitions Purchase National Rural Utilities Callable Note 10/13/2026 400,000.00 1.00940 403,760.00 871.11 404,631.11 11/16/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 428.38 1.00000 428.38 - 428.38 11/17/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 2,576.25 1.00000 2,576.25 - 2,576.25 11/20/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 3,787.95 1.00000 3,787.95 - 3,787.95 11/20/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 336.25 1.00000 336.25 - 336.25 11/20/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 279.75 1.00000 279.75 - 279.75 11/21/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 4,944.52 1.00000 4,944.52 - 4,944.52 11/21/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 294.00 1.00000 294.00 - 294.00 11/21/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 3,969.51 1.00000 3,969.51 - 3,969.51 11/24/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 268.75 1.00000 268.75 - 268.75 11/24/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 215,000.00 1.00000 215,000.00 - 215,000.00 11/27/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 487.50 1.00000 487.50 - 487.50 11/27/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 503.75 1.00000 503.75 - 503.75 11/27/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,312.08 1.00000 1,312.08 - 1,312.08 City of Pico Rivera Portfolio
Chandler Investment Transactions
November 2023
Enclosure 2
10b
11/27/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,143.75 1.00000 1,143.75 - 1,143.75 11/27/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 172.00 1.00000 172.00 - 172.00 11/27/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 390,000.00 1.00000 390,000.00 - 390,000.00 11/27/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 930.42 1.00000 930.42 - 930.42 11/27/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 8,230.70 1.00000 8,230.70 - 8,230.70 11/27/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 7,104.65 1.00000 7,104.65 - 7,104.65 11/27/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,327.92 1.00000 1,327.92 - 1,327.92 11/28/2023 Acquisitions Purchase US Treasury Note 500,000.00 0.95977 479,882.81 375.68 480,258.49 11/28/2023 Acquisitions Purchase US Treasury Note 500,000.00 0.95680 478,398.44 2,267.76 480,666.20 11/30/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 16,909.38 1.00000 16,909.38 - 16,909.38 11/30/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,000,000.00 1.00000 1,000,000.00 - 1,000,000.00 11/30/2023 Acquisitions Purchase US Treasury Note 600,000.00 0.95883 575,296.88 2,616.85 577,913.73 11/30/2023 Acquisitions Short Sale First American Govt Obligation Fund Class Y (577,913.73) 1.00000 (577,913.73) - (577,913.73) 11/30/2023 Dispositions Closing Purchase First American Govt Obligation Fund Class Y (577,913.73) 1.00000 (577,913.73) - 577,913.73 11/6/2023 Dispositions Maturity FHLMC Note 440,000.00 1.00000 440,000.00 - (440,000.00) 11/24/2023 Dispositions Maturity Intl. Bank Recon & Development Note 215,000.00 1.00000 215,000.00 - (215,000.00) 11/27/2023 Dispositions Maturity FNMA Note 390,000.00 1.00000 390,000.00 - (390,000.00) 11/30/2023 Dispositions Maturity US Treasury Note 1,000,000.00 1.00000 1,000,000.00 - (1,000,000.00) 11/15/2023 Dispositions Paydown Hyundai Auto Receivables Trust 2023-A A3 - - - 591.58 (591.58) 11/15/2023 Dispositions Paydown John Deere Owner Trust 2022-A A3 9,881.63 1.00000 9,881.63 209.22 (10,090.85) 11/15/2023 Dispositions Paydown John Deere Owner Trust 2022-B A3 - - - 358.42 (358.42) 11/15/2023 Dispositions Paydown Mercedes-Benz Auto Lease Trust 2021-B A3 13,689.84 1.00000 13,689.84 13.02 (13,702.86) 11/15/2023 Dispositions Paydown Mercedes-Benz Auto Receivable 2023-1 A3 - - - 394.62 (394.62) 11/15/2023 Dispositions Paydown American Express Credit Trust 2022-2 A - - - 678.00 (678.00) 11/15/2023 Dispositions Paydown American Express Credit Trust 2023-3 A - - - 1,503.62 (1,503.62) 11/15/2023 Dispositions Paydown Chase Issuance Trust 23-A1 A - - - 1,483.50 (1,483.50) 11/15/2023 Dispositions Paydown John Deere Owner Trust 2022-C A3 - - - 933.17 (933.17) 11/15/2023 Dispositions Paydown John Deere Owner Trust 2020-B A3 284.93 1.00000 284.93 0.12 (285.05) 11/15/2023 Dispositions Paydown John Deere Owner Trust 2021-A A3 5,371.34 1.00000 5,371.34 9.89 (5,381.23) 11/15/2023 Dispositions Paydown John Deere Owner Trust 2021-B A3 5,981.13 1.00000 5,981.13 33.34 (6,014.47) 11/15/2023 Dispositions Paydown Honda Auto Receivables Trust 2022-1 A3 - - - 219.33 (219.33) 11/15/2023 Dispositions Paydown John Deere Owner Trust 2023-C A3 - - - 1,438.50 (1,438.50) 11/15/2023 Dispositions Paydown Toyota Auto Receivables 2020-D A3 3,110.09 1.00000 3,110.09 1.35 (3,111.44) 11/15/2023 Dispositions Paydown Mercedes-Benz Auto Receivables 2022-1 A2 16,547.96 1.00000 16,547.96 565.04 (17,113.00) 11/15/2023 Dispositions Paydown Toyota Auto Receivables Trust 2021-D A3 4,264.60 1.00000 4,264.60 38.41 (4,303.01) 11/15/2023 Dispositions Paydown American Express Credit Trust 2023-1 A - - - 527.58 (527.58) 11/16/2023 Dispositions Paydown GM Auto Receivable Trust 2023-2 A3 - - - 428.38 (428.38) 11/20/2023 Dispositions Paydown Honda Auto Receivables 2022-2 A3 - - - 279.75 (279.75) 11/20/2023 Dispositions Paydown GM Financial Auto Leasing 2023-3 A3 - - - 336.25 (336.25) 11/20/2023 Dispositions Paydown Honda Auto Receivables Trust 2020-3 A3 3,784.95 1.00000 3,784.95 3.00 (3,787.95) 11/21/2023 Dispositions Paydown Honda Auto Receivables Trust 2021-4 A3 4,891.57 1.00000 4,891.57 52.95 (4,944.52) 11/21/2023 Dispositions Paydown Honda Auto Receivables Owner 2023-1 A3 - - - 294.00 (294.00) 11/21/2023 Dispositions Paydown Honda Auto Receivables Trust 2021-1 A3 3,963.85 1.00000 3,963.85 5.66 (3,969.51) 11/27/2023 Dispositions Paydown BMW Vehicle Lease Trust 2023-1 A3 - - - 172.00 (172.00) 11/27/2023 Dispositions Paydown BMW Vehicle Lease Trust 2022-1 A3 8,195.56 1.00000 8,195.56 35.14 (8,230.70) 11/27/2023 Dispositions Paydown FHLMC K073 A2 - - - 1,312.08 (1,312.08) 11/27/2023 Dispositions Paydown FHLMC K081 A2 - - - 503.75 (503.75) 11/27/2023 Dispositions Paydown FHLMC K054 A2 - - - 1,143.75 (1,143.75) 11/27/2023 Dispositions Paydown FHLMC K085 A2 - - - 930.42 (930.42) 11/27/2023 Dispositions Paydown BMW Vehicle Lease Trust 2021-2 A3 7,102.27 1.00000 7,102.27 2.38 (7,104.65) 11/27/2023 Dispositions Paydown FHLMC K069 A2 - - - 1,327.92 (1,327.92) 11/16/2023 Dispositions Sale First American Govt Obligation Fund Class Y 404,631.11 1.00000 404,631.11 - (404,631.11) 11/28/2023 Dispositions Sale First American Govt Obligation Fund Class Y 960,924.69 1.00000 960,924.69 - (960,924.69) 11/30/2023 Dispositions Sale First American Govt Obligation Fund Class Y 577,913.73 1.00000 577,913.73 - (577,913.73) 11/6/2023 Dispositions Security Withdrawal First American Govt Obligation Fund Class Y 2,518.13 1.00000 2,518.13 - (2,518.13) 11/27/2023 Dispositions Security Withdrawal First American Govt Obligation Fund Class Y 248.11 1.00000 248.11 - (248.11) 11/1/2023 Other Transactions Dividend First American Govt Obligation Fund Class Y 247,560.94 - 620.60 - 620.60 11/1/2023 Other Transactions Interest Public Service El & Gas Callable Note Cont 02/01/28 300,000.00 - 5,550.00 - 5,550.00 11/1/2023 Other Transactions Interest Royal Bank of Canada Note 265,000.00 - 2,981.25 - 2,981.25 11/6/2023 Other Transactions Interest FHLMC Note 440,000.00 - 550.00 - 550.00 11/7/2023 Other Transactions Interest FNMA Note 300,000.00 - 750.00 - 750.00 11/8/2023 Other Transactions Interest Paccar Financial Corp Note 215,000.00 - 967.50 - 967.50 11/10/2023 Other Transactions Interest Northern Trust Company Callable Note Cont 4/10/2027 400,000.00 - 8,000.00 - 8,000.00 11/12/2023 Other Transactions Interest Amazon.com Inc Note 215,000.00 - 483.75 - 483.75 11/15/2023 Other Transactions Interest US Treasury Note 1,000,000.00 - 11,875.00 - 11,875.00 11/15/2023 Other Transactions Interest United Health Group Inc Callable Note Cont 4/15/2027 400,000.00 - 7,400.00 - 7,400.00 11/15/2023 Other Transactions Interest US Treasury Note 700,000.00 - 8,750.00 - 8,750.00 11/15/2023 Other Transactions Interest US Treasury Note 500,000.00 - 4,062.50 - 4,062.50 11/15/2023 Other Transactions Interest US Treasury Note 1,000,000.00 - 10,000.00 - 10,000.00 11/15/2023 Other Transactions Interest US Treasury Note 325,000.00 - 1,218.75 - 1,218.75 11/17/2023 Other Transactions Interest Merck & Co Callable Note Cont 4/17/2028 90,000.00 - 1,822.50 - 1,822.50 11/17/2023 Other Transactions Interest Caterpillar Financial Service Note 335,000.00 - 753.75 - 753.75 11/24/2023 Other Transactions Interest Intl. Bank Recon & Development Note 215,000.00 - 268.75 - 268.75 11/27/2023 Other Transactions Interest FNMA Note 390,000.00 - 487.50 - 487.50 11/30/2023 Other Transactions Interest US Treasury Note 885,000.00 - 1,659.38 - 1,659.38 11/30/2023 Other Transactions Interest US Treasury Note 700,000.00 - 875.00 - 875.00 11/30/2023 Other Transactions Interest US Treasury Note 1,000,000.00 - 14,375.00 - 14,375.00 Changes of Market Values and Accrued Interests 227,216.28 Net Investment Transactions $ 391,352.50
Beginning Balance as of 10/31/2023 31,551,253.46
Ending Balance as of 11/30/2023 $ 31,942,605.96
Contact Us
(714) 431-7000
Account

CITY OF PICO RIVERA
Date
11/30/2023
Page
1 of 3
IntraFi Cash ServiceSM, or ICS®, Monthly Statement
The following information is a summary of activity in your account(s) for the month of November 2023 and the list of FDIC-insured institution(s) that hold your deposits as of the date indicated. These deposits have been placed by us, as your agent and custodian, in deposit accounts through IntraFi Cash Service. Funds in your deposit accounts at the FDIC-insured institutions at which your funds have been placed will be "deposits," as defined by federal law.

Summary of Accounts
Account ID Deposit Option Interest Rate Opening Balance Ending Balance *********354 Savings 4.25% $12,619,005.36 $9,152,330.01 TOTAL $12,619,005.36 $9,152,330.01
CONTAINS CONFIDENTIAL INFORMATION IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC.

Commercial Bank of California
19752 MacArthur Blvd.

Suite 100
Irvine, CA 92612
121308-30A

CITY OF PICO RIVERA
6615 PASSIONS BLVD
PICO RIVERA, CA 90660
%Ru
L X2S r
q3]'I
?u/
:8I"FyG)B0|HG"tZ

'aRU$-]n}8xjNh(c1i/
u55UUU5u5UU5UuU5U5U
59967

RETURN SERVICE REQUESTED
Enclosure 3
10c

DETAILED ACCOUNT OVERVIEW
Account ID: *********354
Account Title: CITY OF PICO RIVERA
Account Summary - Savings
Statement Period 11/1-11/30/2023 Average Daily Balance $9,520,124.62 Previous Period Ending Balance $12,619,005.36 Interest Rate at End of Statement Period 4.25% Total Program Deposits 3,500,000.00 Statement Period Yield 4.34% Total Program Withdrawals (6,999,990.96) YTD Interest Paid 152,307.56 Interest Capitalized 33,315.61
Current Period Ending Balance $9,152,330.01
Account Transaction Detail
Date Activity Type Amount Balance
11/02/2023 Withdrawal ($499,990.96) $12,119,014.40
11/09/2023 Withdrawal (1,000,000.00) 11,119,014.40
11/16/2023 Withdrawal (1,000,000.00) 10,119,014.40
11/21/2023 Withdrawal (4,500,000.00) 5,619,014.40
11/30/2023 Deposit 3,500,000.00 9,119,014.40
11/30/2023 Interest Capitalization 33,315.61 9,152,330.01 Summary of Balances as of November 30, 2023
FDIC-Insured Institution City/State FDIC Cert No. Balance Amalgamated Bank New York, NY 622 $423.52
Avidbank San Jose, CA 57510 248,541.21
BMO Bank, N.A. Chicago, IL 16571 248,425.20
Bank of Houston Houston, TX 3178 232.02
Black Hills Community Bank, N.A. Rapid City, SD 58723 257.60 Bremer Bank, National Association South St. Paul, MN 12923 579.66 Citizens Bank of Philadelphia, MS Philadelphia, MS 12204 249,218.99 Coastal Community Bank Everett, WA 34403 249,218.99
CrossFirst Bank Leawood, KS 58648 579.66
Dime Community Bank Hauppauge, NY 6976 249,218.99
EagleBank Silver Spring, MD 34742 249,218.99
East West Bank Pasadena, CA 31628 542.73
Eastern Bank Boston, MA 32773 434.87
Encore Bank Little Rock, AR 34562 434.87
First Financial Northwest Bank Renton, WA 29058 179,014.83 First Foundation Bank Irvine, CA 58647 248,378.91
First Horizon Bank MEMPHIS, TN 4977 249,218.99
First United Bank and Trust Company Durant, OK 4239 29.01 First-Citizens Bank & Trust Company Raleigh, NC 11063 579.66 FirstBank Nashville, TN 8663 249,218.99
Fulton Bank, N.A. Lancaster, PA 7551 248,402.45
Date
11/30/2023 Page
2 of 3
CONTAINS CONFIDENTIAL INFORMATION IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC.

DETAILED ACCOUNT OVERVIEW
Account ID: *********354
Account Title: CITY OF PICO RIVERA
Summary of Balances as of November 30, 2023
FDIC-Insured Institution City/State FDIC Cert No. Balance Glens Falls Natl Bank and Trust Co Glens Falls, NY 7074 248,958.58 Hancock Whitney Bank Gulfport, MS 12441 248,958.58
Hanmi Bank Los Angeles, CA 24170 249,079.51
Israel Discount Bank of New York New York City, NY 19977 249,218.99 Leader Bank, National Association Arlington, MA 57134 249,190.49 Legacy Bank Wichita, KS 17676 356.73
Machias Savings Bank Machias, ME 19531 579.66
MainStreet Bank Fairfax, VA 57742 249,218.99
MidWestOne Bank Iowa City, IA 14843 249,218.99
NBT Bank, National Association Norwich, NY 7230 248,958.58 Northern Bank & Trust Company Woburn, MA 18266 600.58
Old National Bank Evansville, IN 3832 249,218.99
Origin Bank Ruston, LA 12614 249,218.99
Pacific Premier Bank Irvine, CA 32172 232.02
Pacific Western Bank Beverly Hills, CA 24045 248,958.58 Park National Bank Newark, OH 6653 248,958.58
Pinnacle Bank Nashville, TN 35583 249,218.99
Popular Bank New York, NY 34967 248,958.58
Raymond James Bank St. Petersburg, FL 33893 248,958.58
Republic Bank & Trust Company Louisville, KY 23627 249,218.99 South State Bank, N.A. Winter Haven, FL 33555 249,218.99 Sunwest Bank Irvine, CA 20164 666.49
Synovus Bank Columbus, GA 873 249,218.99
The American National Bank of Texas Terrell, TX 23474 249,181.65 The Washington Trust Company of Westerly Westerly, RI 23623 249,218.99 TowneBank Portsmouth, VA 35095 249,218.99
Truist Bank Charlotte, NC 9846 249,218.99
U.S. Bank National Association Cincinnati, OH 6548 579.66 United Bank Fairfax, VA 22858 249,218.99
Valley National Bank Wayne, NJ 9396 248,958.58
Western Alliance Bank Phoenix, AZ 57512 249,218.99
Zions Bancorporation, N. A. Salt Lake City, UT 2270 248,958.58 Date
11/30/2023 Page
3 of 3
CONTAINS CONFIDENTIAL INFORMATION IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC. %RyH X2S r
q3]'I
?u/
:8I"FyF,=}.~sHrZ

'aTZ

4nVQvfR~8n/
uUUU5UUuUuUUu5UU5U
59967
To: Mayor and City Council
From: City Manager
Meeting Date: January 23, 2024
Subject: DEVELOPMENT IMPACT FEE REPORT AS OF JUNE 30,
2023
Recommendation:

1. Receive and file the Development Impact Fee Report as of June 30, 2023.

Fiscal Impact:

There is no fiscal impact to the General Fund from this item.

Background:

State law requires any local agency that imposes development impact fees to prepare an annual report containing detailed information on the fees. As a result, we are submitting the Development Impact Fee (DIF) Report for the City of Pico Rivera (City) for the fiscal year (FY) ending on June 30, 2023, in accordance with the provisions of the California Government Code Section 66006(b) and 66001(d), as amended by Assembly Bill (AB) 518 and Senate Bill (SB) 1693.

Discussion:

State law requires the City to prepare and make the DIF Report available to the public within 180 days after the last day of each fiscal year. The City has fulfilled the mandated requirement for public availability of the report on the City’s website, however, it is important to note that the formal report adoption is being requested by the City Council per this report. The City Council must consider the acceptance of the annual report at a regularly scheduled public meeting. The information must be made available to the public no fewer than 15 days prior to the meeting.

Local governmental agencies charge DIFs in connection with the approval of development projects. The purpose of these fees is to defray all or a portion of the cost of public facilities related to the development projects. The legal requirements for enactment of a DIF program are outlined in Government Code Sections §66000–66025 (the "Mitigation Fee Act").
11 CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 DEVELOPMENT IMPACT FEE REPORT AS OF JUNE 30, 2022

Page 2 of 2 ends

The Mitigation Fee Act is commonly referred to as "AB 1600" and requires the following information:

A. Brief description of the type of fee in the fund;
B. The amount of the fee;
C. The fund’s beginning and ending balance;
D. The amount of fees collected and the interest earned; E. A description of the improvements on which the funds were expended and the amount expended on each improvement, including the percentage of the improvement funded with development fees;
F. An approximate date by which the construction of a public improvement will begin if the City determines that sufficient funds have been collected to complete financing on the incomplete improvement;
G. A description of each inter-fund transfer or loan made from the fund; and H. The amount of any refunds made pursuant to Code Section 66001.

The City adopted development impact fees for the Public Image Enhancement Fund (Fund 220) in 1996 and the Park Development Fund (Fund 270) in 1994:
• Public Image Enhancement Fund accounts for funds received from all developers to enhance the image of the City of Pico Rivera.
• Park Development Fund accounts for funds received on new residential construction to improve and/or develop the City’s Park system.

Staff compiled the Development Impact Fee Report as of June 30, 2023, based on the requirements pursuant to Government Code 66000 et seq. The City has fulfilled the mandated requirement for public availability of the report on the City’s website. The formal report is enclosed for the City Council’s consideration.

Conclusion:

Staff recommends that the City Council receive and file the Development Impact Fee report as of June 30, 2023.

Steve Carmona
SC:JG:ep
Enclosure: 1) Development Impact Fee Report as of June 30, 2023 Collection and Use
Public Image Enhancement Fund (PIE) - Fund 220
Per the City's Municipal Code 18.42.090:

Public Image Enhancement Fees are to be paid at the time of certificate of occupancy issuance in the following amounts:

Statement of Revenues, Expenditures and Changes in Fund Balance FY 2022-23
Revenue
Fees $ 777,380
Interest $ 16,616
Investment Fair Value Gain (Loss) $ (3,819)
Total Revenue $ 790,177
Expenditures
Project Planning, Design, Engineering, Support $ -
Capital Projects $ 627
Other $ -
Total Expenditures $ 627
Revenue Over (Under) Expenditures $ 789,549
Fund Balance Beginning of the Year $ 567,732
Fund Balance End of the Year $ 1,357,281
Residential: 0.5% of building the valuation for new development. For an owner-constructed and -occupied single-family residential unit, the first one hundred thousand dollars ($100,000) of the building valuation is exempt from fee calculations; fees shall be calculated based on valuations greater than one hundred thousand dollars ($100,000). For all other uses, fees shall include the first one hundred thousand dollars ($100,000) of the building valuation.

Commercial or industrial: 1.0% of the building valuation over one hundred fifty thousand dollars ($150,000) for new or remodeled development. Expenditure of fees may only be allotted for public space and right-of-way improvements.

Enclosure 1
11a
Collection and Use
Park Development - Fund 270
Per the City's Municipal Code: 17.36.200:

Formula for Park Development Fee payment in lieu of land dedication:

Statement of Revenues, Expenditures and Changes in Fund Balance FY 2022-23
Revenue
Fees $ -
Interest $ 2,709
Investment Fair Value Gain (Loss) $ (297)
Total Revenue $ 2,412
Expenditures
Project Planning, Design, Engineering, Support $ -
Capital Projects, Including Land $ 227,000
Other $ -
Total Expenditures $ 227,000
Revenue Over (Under) Expenditures $ (224,588)
Fund Balance Beginning of the Year $ 229,026
Fund Balance End of the Year $ 4,438
If there is no park or other recreation facility designated in the general plan to be located either in whole or in part within the division of land to serve the immediate and future needs of the residents thereof, or if the subdivision consists of fifty (50) lots or less, the subdivider shall, in lieu of dedicating land therefor, pay a fee equal to the value of land prescribed for dedication in Section 17.36.190 hereof in an amount determined in accordance with the provisions of Section 17.36.230.

The subdivider may receive a credit of fifty percent (50%) of the value of private open space provided that such space meets the criteria established in Section 17.36.250.

To: Mayor and City Council
From: City Manager
Meeting Date: January 23, 2024
Subject: SECOND QUARTER TREASURER’S REPORT AND THE

MONTHLY INVESTMENT TRANSACTION REPORT AS OF
DECEMBER 31, 2023 – FISCAL YEAR 2023-2024
Recommendation:

1. Receive and file the Treasurer’s Report for the quarter ending December 31, 2023, which represents balances and activities for the second quarter (October through December) of the 2023-24 fiscal year; and

2. Receive and file the Treasurer’s Monthly Investment Transaction Report as of December 31, 2023.

Fiscal Impact:

There is no fiscal impact on the General Fund from this item. On a quarterly basis, the Administrative Services Department staff allocates the appropriate interest income to the various funds. This shows as revenues to the respective funds.

Discussion:

The Treasurer's Report (Enclosure 1) provides a synopsis of investment activity for the City of Pico Rivera’s (City) investment portfolio for the fiscal year (FY) 2023-24 second quarter ending December 31, 2023. The report provides information on assets, allocations, average maturities, yields, and valuations for each of the three (3) portfolios.

A discussion of market conditions is included to give additional perspective to these measurements.

As of December 31, 2023, the City's investment portfolios are in full compliance with the City's Investment Policy, California Government Code Section 53601, and have sufficient cash flow from a combination of liquid and maturing securities, bank deposits and income to meet the City's expenditure requirements. The paragraphs below provide a summary of the investment results from the second quarter.

Total Pooled Cash and Investments during the quarter totaled $115,149,153. This total 12 CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 SECOND QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF DECEMBER 31, 2023 – FISCAL YEAR 2023-2024

Page 2 of 7 ends

amount consisted of $5,976,828 in the City’s operating accounts with its banking partner Commercial Bank of California (CBC), $20,715,864 with CBC Insured Cash Sweep (CBC ICS) Account, $56,134,280 in the State Treasurer’s Local Agency Investment Fund (LAIF) and $32,322,182 managed by Chandler Asset Management (Chandler). The City also had $1,482,896 held by various Trustee Accounts, all related to the City’s bond issues (1999 Water Revenue Bonds, etc.).

The total 2018 Certificates of Participation, Series A (COPS) managed by Wilmington Trust, reflect an ending balance of $5,025,085.

The Pico Rivera Innovative Municipal Energy (PRIME), an Enterprise Fund, has (2) two bank accounts managed by River City Bank (RCB). The first account, the RCB ICS account, receives and records investment income. It has an ending balance of $11,877,869 as of December 31, 2023. The second account, the Public Fund account, receives Electronic Data Interchange (EDI) collection payments and executes vendor payments for the purchase of energy. The Public Fund account, as of December 31, 2023, has an ending balance of $1,908,111.

Chandler Asset Management Managed Portfolio
The City entered into a discretionary investment advisory agreement in December 2017 with Chandler, a Securities and Exchange Commission (SEC) registered investment advisor, to manage a portion of the City's portfolio in a disciplined, active manner that complies with the City's investment policy and stated objectives of safety, liquidity, and yield. After detailed consultation with Chandler's investment team, the City selected the Limited Maturity investment strategy, benchmarked against the Bank of America Merrill Lynch 1-3 Year US Treasury & Agency Index. The strategy invests in a well-diversified portfolio of high-quality fixed-income securities. To maintain compliance with the City's investment policy, Chandler continues to invest in securities that reflect the guidelines set forth in the City's Investment Policy, most recently approved on August 1, 2023.

To ensure the safety of the portfolio, investments that hold the highest credit quality are selected. The Chandler Managed Portfolio is comprised primarily of Treasury Securities and Federal Government-sponsored entity debt, otherwise known as federal agency securities. Federal agency securities continue to be regarded as among the safest securities in the global market. Two (2) of the government-sponsored agencies, the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac), remain under conservatorship and carry an implicit guarantee by the Federal Government. In addition, both are carefully monitored by the City’s Treasurer to ensure the continued safety of the City’s funds.

The Portfolio Holding Report (Table 1) reflects the types of security holdings in the City’s investment fund. The portfolio of the December 31, 2023, market value represents a total of $32,322,182, an increase of $829,671 from the September 30, 2023, market value of $31,492,511. In the period ending December 31, 2023, the portfolio held a diverse set of CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 SECOND QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF DECEMBER 31, 2023 – FISCAL YEAR 2023-2024

Page 3 of 7 ends

investments, holding nine (9) different security types. The largest security holding consists of Treasury Securities of $13,503,782. These Treasury Securities are one of the highest-quality debt instruments.

The Portfolio Holdings Report also provides the portfolio’s Par values (nominal value of a bond); Book yield (Internal Rate of Return); Book value (value of a security); Market YTM (long-term bond yield); Market value (amount security can be sold on a given market); Accrued interest (interest earned); Total portfolio (Market value plus accrued interest); and finally, Maturity Duration (bond sensitivity of price that may change in interest rates during duration).

Table 1 - Portfolio Holding Report
The Investments by Type (Chart 1) reflects the makeup of the portfolio holdings by security type. The portfolio holds 42% in US Treasuries (government treasury bonds, notes, and bills), 26% in corporate medium-term notes, 5% of total investments in federal agency securities, 9% in asset-backed securities, 6% in collateralized mortgage obligations, which are collateralized by a pool of assets, and the remainder in money market funds and supranational.

CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 SECOND QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF DECEMBER 31, 2023 – FISCAL YEAR 2023-2024

Page 4 of 7 ends

Chart 1 - Investments by Type
The Investment Rating chart (Chart 2) illustrates the portfolios’ investment grade of holdings. This rating provides the City assurance of risk associated with the quality of the holdings’ investment grade. As demonstrated in the chart below, 94.3% of the total portfolio consists of investments rated “A” or higher as of December 31, 2023, a slight decrease of 0.5% from September 30, 2023.

Chart 2 - Investment Ratings
AAA

20.6%
AA

51.9%
A

21.8%
NR

5.7%
CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 SECOND QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF DECEMBER 31, 2023 – FISCAL YEAR 2023-2024

Page 5 of 7 ends

The City’s portfolio remains highly rated, liquid, and diversified; it is well-positioned to withstand today’s medium-term economic uncertainties. Recent economic data by the US Department of Commerce and The Conference Board (a global non-profit research organization) has shown above trend growth fueled by a rise in consumer spending and a continuing healthy US job market. Inflationary trends, by the US Department of Labor and the US Department of Commerce, continue to moderate, but core levels remain above the Federal Reserve’s (Fed) target. Over the second quarter of fiscal year 2023- 24, US Treasury rates fell steeply across the yield curve on a more dovish Federal Reserve outlook. The shape of the yield curve indicates that the probability of recession persists. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, market participants anticipate the economy will gradually soften and the Fed will loosen monetary policy in 2024.

Local Agency Investment Funds (LAIF)
The Pico Rivera Pooled Investment Portfolio is invested in LAIF to manage liquidity. The LAIF September 30, 2023, market value represents a total of $55,155,127, and the December 31, 2023, market value of $56,134,280. The increase of $979 thousand in the balance compared to the previous quarter was primarily due to the interest allocation and an increase in market value. The LAIF Quarterly Performance report for December 31, 2023, shows that the apportionment rate is now at 4.00%, and the quarterly yield has risen to 3.81%. These figures represent an increase from the previous quarter's rates of

3.59% and 3.42%, respectively.

The City participates in the State of California LAIF portfolio program. The program consists of local agencies participating in a large portfolio to invest using the State Treasurer's Office for investments at no additional cost to the taxpayer. The Local Investment Advisory Board (LIAB) provides oversight for LAIF.

LAIF administrative costs are minimal and assessed quarterly. The Government Code states administrative costs are not to exceed 5% of the quarterly earnings of the fund.

The characteristics of the LAIF portfolio reflect minimal credit risk with safety in investing of high-quality securities. LAIF funds are protected by statute and are not borrowable.

The comparison of LAIF to the City’s portfolio managed by Chandler as shown in Graph 1 below, on the next page, highlights the differences in investment security types and portfolio duration. Whereas LAIF takes on a more conservative approach and focuses on securities with shorter average maturity, LAIF, and Chandler follow similar investment guidelines for safety, liquidity, and return.

CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 SECOND QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF DECEMBER 31, 2023 – FISCAL YEAR 2023-2024

Page 6 of 7 ends

Graph 1 – LAIF and CAM from
December 2018 through December 2023
Staff has continuously monitored the City’s investment portfolio and performance on an ongoing basis. As shown in Graph 1 above, the yield of the Chandler-managed portfolio has historically outperformed the yield experienced from our LAIF portfolio until September 2022. This stems from LAIF having a shorter weighted-average maturity than the Chandler-managed portfolio, so it responds more quickly to the rises and falls in market yields. The Chandler-managed portfolio yield rates are locked in for an extended period through the reinvestment and purchase of longer-duration securities. During the second quarter of this fiscal year, the Chandler-managed portfolio reinvested $3.8 million of investment income and maturing securities at an average purchase yield of 5.03%.

Commercial Bank of California Insured Sweep Account
As part of the staff’s commitment to the City’s stated objectives of safety, liquidity, and yield, staff continuously researches alternative investment opportunities to enhance the City’s investment portfolio. Given the Federal Reserve’s recent interest rate hikes, staff explored various options to diversify the City’s investment portfolio aiming for greater flexibility in managing future interest fluctuations. Following this research, the City has established an ICS account with its banking partner, CBC. This new investment account aligns with the City’s commitment to prioritizing safety by mitigating credit risk and reinforcing safety through placing operational funds in short-term securities. The new account also enhances the City’s liquidity, providing same-day liquidity to meet its shortterm obligations and capitalizing on the current interest rates, safeguarding our long-term investments. With the City Council’s approval, staff transferred $10.0 million from the LAIF account to CBC to establish the ICS account in August 2023. The ICS account, as of December 31, 2023, had an ending balance of $20,715,864, compared to the CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 SECOND QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF DECEMBER 31, 2023 – FISCAL YEAR 2023-2024

Page 7 of 7 ends

September 30, 2023, ending balance of $14,070,798 million. The increase of $6.6 million in balance compared to the previous quarter is primarily related to net transfers of $6.5 million from the City’s operating bank account with CBC to ICS. Most of the transfers were attributed to grant revenues of $10.0 million awarded by the Los Angeles County Board of Supervisors Janice Hahn for the Smith Park Aquatic Center project and a debt payment of $3.6 million for the Tax Allocation Refunding Bonds 2021.

Monthly Investment Transaction Report
Per the City’s Investment Policy approved by the City Council on August 1, 2023, the City Treasurer submits a monthly investment transaction report to the City Council within 45 days of the end of the reporting period in accordance with California Government Code Section 53607.

The monthly investment transactions summary updates the City Council on the City’s monthly transactions of the City’s investment portfolio for the month ending December 31, 2023. The statements enclosed include transactions of the City’s investments with LAIF, Chandler, and Commercial Bank of California (Enclosures 2, 3 and 4).

Conclusion:

All investments are maintained in accordance with California Government Code Section 53601 and the City’s investment policy approved by the City Council on August 1, 2023.

The City Treasurer/Director of Administrative Services certifies that the funds are invested to provide sufficient cash flow for a period of six (6) months. Staff recommends receiving and filing the Treasurer’s Report for the quarter ending December 31, 2023, which represents balances and activities for the second quarter (October through December) of the 2023-24 fiscal year and the Treasurer’s Monthly Investment Transaction Report as of December 31, 2023.

Steve Carmona
SC:AG:MP:JM:ep
Enclosures: 1) Treasurer’s Report for the Second Quarter Ending December 31, 2023. 2) LAIF Statement for the Month Ending December 31, 2023. 3) Chandler Asset Management Transaction Ledger for the Month Ending December 31, 2023.
4) Commercial Bank of California Insured Cash Sweep Statement for the Month Ending December 31, 2023.

CITY OF PICO RIVERA

TREASURER'S REPORT
2ND QTR OCT 2023 - DEC 2023
TYPE OF INVESTMENT Interest Rate Issuer Reporting Date Investment Income Ending Balance Source of Market Valuation Local Agency Investment Fund (LAIF) 4.00 LAIF 12/31/2023 567,502.32 56,134,279.83 LAIF Statements Commercial Bank of California (CBC) Demand Deposits 0.05 CBC 12/31/2023 103.30 5,976,828.14 CBC Statements CBC Insured Cash Sweep (ICS) Account 4.25 CBC 12/31/2023 145,038.56 20,715,863.64 CBC ICS Statement Chandler Investments* 3.16 Chandler Investments 12/31/2023 237,680.00 32,322,182.00 Chandler Portfolio Summary TOTAL CASH & INVESTMENTS: Exclude Water Fund 550 TOTAL CASH & INVESTMENTS: $ 950,324.18 $ 115,149,153.61 Revenue Bonds, 1999 Bond Fund Water Authority 122073-001 US Bank 12/31/2023 302.84 11,146.90 US Bank/RECON Statements Revenue Bonds, 1999 Bond Fund Water Authority 122073-002 US Bank 12/31/2023 1,663.19 74,983.34 US Bank/RECON Statements Revenue Bonds, 1999 Bond Fund Water Authority 122073-003 US Bank 12/31/2023 6,828.36 793,333.43 US Bank/RECON Statements Revenue Bonds, 1999 Water Rate Stabilization 122073-011 US Bank 12/31/2023 7,481.11 600,000.02 US Bank/RECON Statements Revenue Bonds, 2021 Tax Allocation Refunding Bonds 245558-000 US Bank 12/31/2023 - - US Bank/RECON Statements Revenue Bonds, 2021 Tax Allocation Refunding Bonds 245558-001 US Bank 12/31/2023 70.56 70.26 US Bank/RECON Statements Revenue Bonds, 2021 Tax Allocation Refunding Bonds 245558-002 US Bank 12/31/2023 3,376.49 3,362.00 US Bank/RECON Statements Revenue Bonds, 2021 Tax Allocation Refunding Bonds 245558-003 US Bank 12/31/2023 - - US Bank/RECON Statements Revenue Bonds, 2021 Tax Allocation Refunding Bonds 245558-004 US Bank 12/31/2023 - - US Bank/RECON Statements TOTAL FISCAL AGENT (TRUSTEE) INVESTMENTS TOTAL (TRUSTEE) INVESTMENTS: $ 19,722.55 $ 1,482,895.95 TOTAL CASH & TRUSTEE INVESTMENTS: $ 970,046.73 $ 116,632,049.56 Dividends Ending Balance
2018 COPS 130877 Wilmington Trust 12/31/2023 62,905.82 5,025,084.54 Wilmington Trust Statement TOTAL 2018 COPS: $ 62,905.82 $ 5,025,084.54
ENTERPRISE FUNDS Interest earned Ending Balance
River City Bank (PRIME) RIVER CITY BANK ICS Account 12/31/2023 92,596.30 11,877,869.13 River City Bank River City Bank (PRIME) RIVER CITY BANK Operating Account 12/31/2023 - 1,908,111.02 River City Bank TOTAL River City Bank: $ 92,596.30 $ 13,785,980.15
Jane Guo
Director of Administrative Services and City Treasurer, City of Pico Rivera * Average Purchase Yield: The average yield on an investment or a portfolio is the sum of all interest, dividends, or other income that the investment generates, divided by the age of the investment or the length of time the investor has held it.

I certify that this investment portfolio is in conformity with the Investment Policy of the City of Pico Rivera. The investment Program provides sufficient liquidity to meet a minimum of the next six month's estimated expenditures.

Enclosure 1
12a
1/3/24, 10:44 AM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1 Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
January 03, 2024
LAIF Home
PMIA Average Monthly
Yields

CITY OF PICO RIVERA

DIRECTOR OF FINANCE/ADMINISTRATIVE SVCS
6615 PASSONS BLVD
PICO RIVERA, CA 90660
Account Number: 98-19-653
December 2023 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 46,246,980.84
Total Withdrawal: 0.00 Ending Balance: 46,246,980.84
Enclosure 2
12b
1/3/24, 10:41 AM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1 Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
January 03, 2024
LAIF Home
PMIAAverage Monthly
Yields

CITY OF PICO RIVERA

COVID RELIEF EMERGENCY ACCOUNT

DIR OF FINANCE/ADMIN SERVICES
6615 PASSONS BLVD
PICO RIVERA, CA 90660
Account Number: 19-19-007
December 2023 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 10,252,106.19
Total Withdrawal: 0.00 Ending Balance: 10,252,106.19
Transaction
Date
Tran Category Tran Type
Description
Security Description Quantity Price Principal Interest Total Amount 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 9,200.00 1.00000 9,200.00 $0.00 9,200.00 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 2,073.17 1.00000 2,073.17 $0.00 2,073.17 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 298,075.75 1.00000 298,075.75 $0.00 298,075.75 12/31/2023 Acquisitions Purchase International Finance Corp Note 240,000.00 0.99674 239,217.60 $0.00 239,217.60 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 12,656.25 1.00000 12,656.25 $0.00 12,656.25 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 900,000.00 1.00000 900,000.00 $0.00 900,000.00 12/31/2023 Acquisitions Purchase Toronto-Dominion Bank Note 160,000.00 1.00000 160,000.00 $0.00 160,000.00 12/31/2023 Acquisitions Purchase FFCB Note 200,000.00 0.99651 199,302.00 $102.78 199,404.78 12/31/2023 Acquisitions Purchase Inter-American Dev Bank Note 635,000.00 0.99915 634,460.25 $0.00 634,460.25 12/31/2023 Acquisitions Purchase Paccar Financial Corp Note 320,000.00 1.00215 320,688.00 $5,521.33 326,209.33 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 4,090.96 1.00000 4,090.96 $0.00 4,090.96 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,503.62 1.00000 1,503.62 $0.00 1,503.62 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,483.50 1.00000 1,483.50 $0.00 1,483.50 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 527.58 1.00000 527.58 $0.00 527.58 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 591.58 1.00000 591.58 $0.00 591.58 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 394.62 1.00000 394.62 $0.00 394.62 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,438.50 1.00000 1,438.50 $0.00 1,438.50 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 3,592.82 1.00000 3,592.82 $0.00 3,592.82 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 8,775.85 1.00000 8,775.85 $0.00 8,775.85 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 933.17 1.00000 933.17 $0.00 933.17 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 5,573.04 1.00000 5,573.04 $0.00 5,573.04 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 16,193.79 1.00000 16,193.79 $0.00 16,193.79 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,526.98 1.00000 1,526.98 $0.00 1,526.98 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 678.00 1.00000 678.00 $0.00 678.00 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 3,392.87 1.00000 3,392.87 $0.00 3,392.87 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 3,953.99 1.00000 3,953.99 $0.00 3,953.99 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 13,666.82 1.00000 13,666.82 $0.00 13,666.82 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 358.42 1.00000 358.42 $0.00 358.42 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 3,622.89 1.00000 3,622.89 $0.00 3,622.89 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 279.75 1.00000 279.75 $0.00 279.75 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 428.38 1.00000 428.38 $0.00 428.38 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 336.25 1.00000 336.25 $0.00 336.25 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 4,670.30 1.00000 4,670.30 $0.00 4,670.30 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 294.00 1.00000 294.00 $0.00 294.00 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 3,728.12 1.00000 3,728.12 $0.00 3,728.12 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 172.00 1.00000 172.00 $0.00 172.00 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,327.92 1.00000 1,327.92 $0.00 1,327.92 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,312.08 1.00000 1,312.08 $0.00 1,312.08 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,143.75 1.00000 1,143.75 $0.00 1,143.75 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 503.75 1.00000 503.75 $0.00 503.75 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 930.42 1.00000 930.42 $0.00 930.42 City of Pico Rivera Portfolio
Chandler Investment Transactions
December 2023
Enclosure 3
12c
12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 8,069.20 1.00000 8,069.20 $0.00 8,069.20 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 1,559.56 1.00000 1,559.56 $0.00 1,559.56 12/31/2023 Acquisitions Purchase First American Govt Obligation Fund Class Y 11,625.00 1.00000 11,625.00 $0.00 11,625.00 12/31/2023 Acquisitions Short Sale First American Govt Obligation Fund Class Y (239,217.60) 1.00000 (239,217.60) $0.00 (239,217.60)12/31/2023 Acquisitions Short Sale First American Govt Obligation Fund Class Y (634,460.25) 1.00000 (634,460.25) $0.00 (634,460.25)12/31/2023 Dispositions Closing Purchase First American Govt Obligation Fund Class Y (239,217.60) 1.00000 (239,217.60) $0.00 239,217.60 12/31/2023 Dispositions Closing Purchase First American Govt Obligation Fund Class Y (634,460.25) 1.00000 (634,460.25) $0.00 634,460.25 12/31/2023 Dispositions Maturity FHLB Note 450,000.00 1.00000 450,000.00 $0.00 (450,000.00)12/31/2023 Dispositions Maturity FHLB Note 450,000.00 1.00000 450,000.00 $0.00 (450,000.00)12/31/2023 Dispositions Paydown John Deere Owner Trust 2022-B A3 - - - $358.42 (358.42)12/31/2023 Dispositions Paydown John Deere Owner Trust 2022-C A3 - - - $933.17 (933.17)12/31/2023 Dispositions Paydown Mercedes-Benz Auto Receivables 2022-1 A2 15,701.28 1.00000 15,701.28 $492.51 (16,193.79)12/31/2023 Dispositions Paydown American Express Credit Trust 2023-3 A - - - $1,503.62 (1,503.62)12/31/2023 Dispositions Paydown Toyota Auto Receivables Trust 2021-D A3 4,055.08 1.00000 4,055.08 $35.88 (4,090.96)12/31/2023 Dispositions Paydown Chase Issuance Trust 23-A1 A - - - $1,483.50 (1,483.50)12/31/2023 Dispositions Paydown Hyundai Auto Receivables Trust 2023-A A3 - - - $591.58 (591.58)12/31/2023 Dispositions Paydown John Deere Owner Trust 2022-A A3 5,382.92 1.00000 5,382.92 $190.12 (5,573.04)12/31/2023 Dispositions Paydown Toyota Auto Receivables 2020-D A3 1,526.53 1.00000 1,526.53 $0.45 (1,526.98)12/31/2023 Dispositions Paydown John Deere Owner Trust 2021-A A3 3,384.59 1.00000 3,384.59 $8.28 (3,392.87)12/31/2023 Dispositions Paydown John Deere Owner Trust 2021-B A3 3,923.25 1.00000 3,923.25 $30.74 (3,953.99)12/31/2023 Dispositions Paydown American Express Credit Trust 2022-2 A - - - $678.00 (678.00)12/31/2023 Dispositions Paydown Mercedes-Benz Auto Lease Trust 2021-B A3 13,658.36 1.00000 13,658.36 $8.46 (13,666.82)12/31/2023 Dispositions Paydown Mercedes-Benz Auto Receivable 2023-1 A3 - - - $394.62 (394.62)12/31/2023 Dispositions Paydown John Deere Owner Trust 2023-C A3 - - - $1,438.50 (1,438.50)12/31/2023 Dispositions Paydown American Express Credit Trust 2023-1 A - - - $527.58 (527.58)12/31/2023 Dispositions Paydown Honda Auto Receivables Trust 2022-1 A3 3,373.49 1.00000 3,373.49 $219.33 (3,592.82)12/31/2023 Dispositions Paydown Honda Auto Receivables 2022-2 A3 - - - $279.75 (279.75)12/31/2023 Dispositions Paydown GM Auto Receivable Trust 2023-2 A3 - - - $428.38 (428.38)12/31/2023 Dispositions Paydown Honda Auto Receivables Trust 2020-3 A3 3,621.06 1.00000 3,621.06 $1.83 (3,622.89)12/31/2023 Dispositions Paydown GM Financial Auto Leasing 2023-3 A3 - - - $336.25 (336.25)12/31/2023 Dispositions Paydown Honda Auto Receivables Trust 2021-4 A3 4,620.94 1.00000 4,620.94 $49.36 (4,670.30)12/31/2023 Dispositions Paydown Honda Auto Receivables Owner 2023-1 A3 - - - $294.00 (294.00)12/31/2023 Dispositions Paydown Honda Auto Receivables Trust 2021-1 A3 3,723.35 1.00000 3,723.35 $4.77 (3,728.12)12/31/2023 Dispositions Paydown FHLMC K073 A2 - - - $1,312.08 (1,312.08)12/31/2023 Dispositions Paydown FHLMC K054 A2 - - - $1,143.75 (1,143.75)12/31/2023 Dispositions Paydown BMW Vehicle Lease Trust 2022-1 A3 8,041.57 1.00000 8,041.57 $27.63 (8,069.20)12/31/2023 Dispositions Paydown FHLMC K069 A2 - - - $1,327.92 (1,327.92)12/31/2023 Dispositions Paydown FHLMC K081 A2 - - - $503.75 (503.75)12/31/2023 Dispositions Paydown FHLMC K085 A2 - - - $930.42 (930.42)12/31/2023 Dispositions Paydown BMW Vehicle Lease Trust 2021-2 A3 1,559.13 1.00000 1,559.13 $0.43 (1,559.56)12/31/2023 Dispositions Paydown BMW Vehicle Lease Trust 2023-1 A3 - - - $172.00 (172.00)12/31/2023 Dispositions Sale Wal-Mart Stores Callable Note Cont 09/09/2027 300,000.00 0.98404 295,212.00 $2,863.75 (298,075.75)12/31/2023 Dispositions Sale First American Govt Obligation Fund Class Y 239,217.60 1.00000 239,217.60 $0.00 (239,217.60)12/31/2023 Dispositions Sale First American Govt Obligation Fund Class Y 160,000.00 1.00000 160,000.00 $0.00 (160,000.00)12/31/2023 Dispositions Sale First American Govt Obligation Fund Class Y 634,460.25 1.00000 634,460.25 $0.00 (634,460.25)12/31/2023 Dispositions Sale First American Govt Obligation Fund Class Y 199,404.78 1.00000 199,404.78 $0.00 (199,404.78)12/31/2023 Dispositions Sale First American Govt Obligation Fund Class Y 326,209.33 1.00000 326,209.33 $0.00 (326,209.33) 12/31/2023 Dispositions Security Withdrawal First American Govt Obligation Fund Class Y 2,533.13 1.00000 2,533.13 $0.00 (2,533.13) 12/31/2023 Dispositions Security Withdrawal First American Govt Obligation Fund Class Y 250.70 1.00000 250.70 $0.00 (250.70)12/31/2023 Other Transactions Dividend First American Govt Obligation Fund Class Y 294,123.41 - 2,073.17 $0.00 2,073.17 12/31/2023 Other Transactions Interest Amazon.com Inc Note 400,000.00 - 9,200.00 $0.00 9,200.00 12/31/2023 Other Transactions Interest FHLB Note 450,000.00 - 5,062.50 $0.00 5,062.50 12/31/2023 Other Transactions Interest FHLB Note 450,000.00 - 7,593.75 $0.00 7,593.75 12/31/2023 Other Transactions Interest National Rural Utilities Note 80,000.00 - 1,380.00 $0.00 1,380.00 12/31/2023 Other Transactions Interest US Treasury Note 700,000.00 - 875.00 $0.00 875.00 12/31/2023 Other Transactions Interest US Treasury Note 500,000.00 - 2,500.00 $0.00 2,500.00 12/31/2023 Other Transactions Interest JP Morgan Chase & Co Callable Note Cont 12/15/2024 145,000.00 - 4,020.85 $0.00 4,020.85 12/31/2023 Other Transactions Interest US Treasury Note 600,000.00 - 11,625.00 $0.00 11,625.00 Changes of Market Values and Accrued Interests 293,699.35 Net Investment Transactions $ 379,576.06
Beginning Balance as of 11/30/2023 $ 31,942,605.96
Ending Balance as of 12/31/2023 $ 32,322,182.02
Contact Us
(714) 431-7000
Account

CITY OF PICO RIVERA
Date
12/31/2023
Page
1 of 4
IntraFi Cash ServiceSM, or ICS®, Monthly Statement
The following information is a summary of activity in your account(s) for the month of December 2023 and the list of FDIC-insured institution(s) that hold your deposits as of the date indicated. These deposits have been placed by us, as your agent and custodian, in deposit accounts through IntraFi Cash Service. Funds in your deposit accounts at the FDIC-insured institutions at which your funds have been placed will be "deposits," as defined by federal law.

Summary of Accounts
Account ID Deposit Option Interest Rate Opening Balance Ending Balance *********354 Savings 4.25% $9,152,330.01 $20,715,863.64 TOTAL $9,152,330.01 $20,715,863.64
CONTAINS CONFIDENTIAL INFORMATION IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC.

Commercial Bank of California
19752 MacArthur Blvd.

Suite 100
Irvine, CA 92612
122675-29A

CITY OF PICO RIVERA
6615 PASSIONS BLVD
PICO RIVERA, CA 90660
%Ru
L X2[8R+q3]'I-?E/
PQ"FyH'72z}g,kZ
.cT;h3
n}#,_B
B9/
uUUuU5uuUUuUUU5U5U
61227

RETURN SERVICE REQUESTED
Enclosure 4
12d

DETAILED ACCOUNT OVERVIEW
Account ID: *********354
Account Title: CITY OF PICO RIVERA
Account Summary - Savings
Statement Period 12/1-12/31/2023 Average Daily Balance $17,573,741.94 Previous Period Ending Balance $9,152,330.01 Interest Rate at End of Statement Period 4.25% Total Program Deposits 11,500,008.75 Annual Percentage Yield Earned 4.34% Total Program Withdrawals (0.00) YTD Interest Paid 215,832.44 Interest Capitalized 63,524.88
Current Period Ending Balance $20,715,863.64
Account Transaction Detail
Date Activity Type Amount Balance
12/04/2023 Deposit $8.75 $9,152,338.76
12/06/2023 Deposit 8,500,000.00 17,652,338.76
12/07/2023 Deposit 500,000.00 18,152,338.76
12/21/2023 Deposit 2,500,000.00 20,652,338.76
12/29/2023 Interest Capitalization 63,524.88 20,715,863.64 Summary of Balances as of December 31, 2023
FDIC-Insured Institution City/State FDIC Cert No. Balance Access Bank Omaha, NE 58727 $413.88
Alpine Bank Glenwood Springs, CO 23091 249,102.94
Ameris Bank Atlanta, GA 20504 249,102.94
Anderson Brothers Bank Mullins, SC 9923 249,085.58
AuburnBank Auburn, AL 35 637.25
Axos Bank San Diego, CA 35546 248,931.64
BOKF, National Association Tulsa, OK 4214 248,876.34
Banc of California Beverly Hills, CA 24045 249,248.00
Bank of Washington Washington, MO 12627 249,078.59
BankUnited Miami Lakes, FL 58979 249,102.94
Bankers Trust Company Des Moines, IA 953 57.99
Bankwell Bank New Canaan, CT 57368 249,102.94
Byline Bank Chicago, IL 20624 249,102.94
CASS COMMERCIAL BANK Des Peres, MO 1068 248,523.55
Capitol Bank Madison, WI 34074 249,102.94
Central Bank Houston, TX 17612 271.38
Citizens Bank of Philadelphia, MS Philadelphia, MS 12204 249,248.00 Coastal Community Bank Everett, WA 34403 249,248.00
CorTrust Bank National Association Mitchell, SD 6063 115.77 D. L. Evans Bank Burley, ID 11666 249,102.94
Dime Community Bank Hauppauge, NY 6976 249,248.00
EagleBank Silver Spring, MD 34742 249,248.00
Date
12/31/2023 Page
2 of 4
CONTAINS CONFIDENTIAL INFORMATION IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC.

DETAILED ACCOUNT OVERVIEW
Account ID: *********354
Account Title: CITY OF PICO RIVERA
Summary of Balances as of December 31, 2023
FDIC-Insured Institution City/State FDIC Cert No. Balance Enterprise Bank & Trust Clayton, MO 27237 249,102.94
Esquire Bank, National Association Jericho, NY 58140 249,102.94 First American Bank Artesia, NM 2240 248,497.79
First Bank & Trust Brookings, SD 3973 248,523.54
First Commerce Bank Lewisburg, TN 57465 248,536.23
First Financial Northwest Bank Renton, WA 29058 249,248.00 First Foundation Bank Irvine, CA 58647 249,248.00
First Horizon Bank MEMPHIS, TN 4977 249,248.00
First International Bank & Trust Watford City, ND 10248 249,102.94 First National Bank of Omaha Omaha, NE 5452 249,102.94
FirstBank Nashville, TN 8663 249,248.00
Firstrust Savings Bank Conshohocken, PA 26647 249,102.94 Five Points Bank Grand Island, NE 20488 249,102.94
Five Star Bank Roseville, CA 35361 249,102.94
Flushing Bank Uniondale, NY 58564 248,668.27
Fulton Bank, N.A. Lancaster, PA 7551 249,248.00
Glens Falls Natl Bank and Trust Co Glens Falls, NY 7074 249,248.00 Grand Savings Bank Grove, OK 32084 249,083.58
Hancock Whitney Bank Gulfport, MS 12441 249,248.00
Hanmi Bank Los Angeles, CA 24170 249,248.00
Heritage Bank of Commerce San Jose, CA 33905 249,102.94 INB Springfield, IL 3664 249,083.94
International Finance Bank Miami, FL 24823 249,102.94
Israel Discount Bank of New York New York City, NY 19977 249,248.00 Katahdin Trust Company Patten, ME 12874 39,679.12
Kennebunk Savings Bank Kennebunk, ME 13063 127.03
Leader Bank, National Association Arlington, MA 57134 249,248.00 Liberty National Bank Lawton, OK 11522 249,102.94
MVB Bank, Inc Fairmont, WV 34603 249,071.13
MainStreet Bank Fairfax, VA 57742 249,248.00
Merchants Bank of Indiana Carmel, IN 8056 249,248.00
MidWestOne Bank Iowa City, IA 14843 249,248.00
NBT Bank, National Association Norwich, NY 7230 249,248.00 NexBank Dallas, TX 29209 249,102.94
Old National Bank Evansville, IN 3832 249,248.00
OneLocal Bank Norwood, MA 26555 144.72
Origin Bank Ruston, LA 12614 249,248.00
Park National Bank Newark, OH 6653 249,248.00
Parke Bank Sewell, NJ 34888 248,668.26
Date
12/31/2023 Page
3 of 4
CONTAINS CONFIDENTIAL INFORMATION IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC. %RyH X2[8R+q3]'I-?E/
PQ"FyE&<4ufLh0iZ
.cR8wqNeb
*:18&C"5:/
uu5UuUUUU5UUuUU5U
61227

DETAILED ACCOUNT OVERVIEW
Account ID: *********354
Account Title: CITY OF PICO RIVERA
Summary of Balances as of December 31, 2023
FDIC-Insured Institution City/State FDIC Cert No. Balance Patriot Bank Stamford, CT 33928 326.55
Pinnacle Bank Nashville, TN 35583 249,248.00
Popular Bank New York, NY 34967 249,248.00
Raymond James Bank St. Petersburg, FL 33893 249,248.00
Republic Bank & Trust Company Louisville, KY 23627 249,248.00 S&T Bank Indiana, PA 11124 249,050.87
SMBC MANUBANK Los Angeles, CA 18618 249,102.94
Santa Cruz County Bank Watsonville, CA 57591 248,965.95 Shore United Bank, N.A. Easton, MD 4832 248,668.27
South Central State Bank Campbell, NE 16707 66.31
South State Bank, N.A. Winter Haven, FL 33555 249,248.00 Synovus Bank Columbus, GA 873 249,248.00
T Bank, National Association Dallas, TX 57703 249,102.94 TBK Bank, SSB Dallas, TX 23498 249,102.94
Texas Bank Brownwood, TX 19559 248,661.59
Texas Bank and Trust Company Longview, TX 17842 249,102.94 The American National Bank of Texas Terrell, TX 23474 249,248.00 The Bank of Tampa Tampa, FL 21031 249,102.94
The Central Trust Bank Jefferson City, MO 12633 248,639.32 The Washington Trust Company of Westerly Westerly, RI 23623 249,248.00 Third Coast Bank, SSB Humble, TX 58716 248,523.55
TowneBank Portsmouth, VA 35095 249,248.00
Truist Bank Charlotte, NC 9846 249,248.00
U.S. Bank National Association Cincinnati, OH 6548 249,047.61 United Bank Fairfax, VA 22858 249,248.00
United Community Bank Blairsville, GA 16889 249,102.94
Valley National Bank Wayne, NJ 9396 249,248.00
VeraBank Henderson, TX 3250 248,668.27
Veritex Community Bank Dallas, TX 57665 249,102.94
WestStar Bank El Paso, TX 32941 248,668.27
Western Alliance Bank Phoenix, AZ 57512 249,248.00
Zions Bancorporation, N. A. Salt Lake City, UT 2270 249,248.00 Date
12/31/2023 Page
4 of 4
CONTAINS CONFIDENTIAL INFORMATION IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC.

To: Mayor and City Council
From: City Manager
Meeting Date: January 23, 2024
Subject: 10-DAY REPORT ON URGENCY ORDINANCE NO. 1172

PROHIBITING SPECIFIED USES IN THE COMMERCIAL

GENERAL AND COMMERCIAL PLANNED

DEVELOPMENT ZONE
Recommendation:

1. Receive, file, and issue a 10-day report on Urgency Ordinance No. 1172 enacting a 10-month 15-day moratorium on specified uses in the Commercial General (C-G) and Commercial Planned Development (CPD) zone as required under Government Code Section 65858(d).

Fiscal Impact:

There is no fiscal impact to the General Fund associated with this report.

Background:

On April 25, 2023, the City Council adopted Urgency Ordinance No. 1169, a 45-day moratorium prohibiting several specific uses in the Commercial General (C-G) and Commercial Planned Development (CPD) zone. The moratorium was extended to 10 months and 15 days on May 31, 2023, through the adoption of Urgency Ordinance No. 1172, in accordance with Government Code Section 65858(d). The purpose of the moratorium was to allot staff time to conduct research and determine how to mitigate impacts from the subject uses. Without proper study, the City may be allowing the development of new uses that have the potential for negative impacts on traffic, circulation, noise, and security and deterring other uses that may be better suited for the aforementioned zones and locations while having fewer negative impacts on the surrounding areas. The uses under evaluation are considered by staff as low performing and may not be in the best interest of the community. In light of these factors, the City continues to receive inquiries and permit applications from prospective businesses interested in the specified commercial uses. Therefore, without appropriate land use and planning regulations, the moratorium is necessary for the immediate preservation of public peace, health, and safety.
13 CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 10-DAY REPORT ON URGENCY ORDINANCE NO. 1172 PROHIBITING SPECIFIED

USES IN THE COMMERCIAL GENERAL AND COMMERCIAL PLANNED

DEVELOPMENT ZONE
PAGE 2 of 4
Discussion:

Urgency Ordinance No. 1172 will expire on March 11, 2024, unless extended by the City Council. Government Code Sections 36937 and 65858 allow the City to extend the ordinance for one additional year after public notice and public hearing. The moratorium may not be further extended. Prior to the extension, the City must issue a written report “… describing the measures taken to alleviate the condition which led to the adoption of the ordinance.”
Analysis
Community and Economic Development staff have been actively pursuing high-quality development that is desired by Pico Rivera residents, would improve community service, and would have a positive social and economic impact. The subject listed uses may be found in key locations and intersections and thereby encourage other undesirable land uses that further spiral blighted conditions.

Per General Plan Policy 7.3-3, the City should “… proactively recruit new high-quality commercial uses, specialty stores and sit-down restaurants that expand the diversity of retail and service offerings and increase generation of sales tax and enhance visitor amenities.”
The following is a list of commercial uses that may have an over proliferation or have negative impacts in the General Commercial (C-G) and Commercial Planned Development (CPD) zone:

1. Automobile leasing and renting

2. Automobile parts and accessory

3. Automobile Insurance

4. Medical office & dental office of over 1,000 square feet

5. Discount clothing store of over 1,000 square feet

6. Shoe Store (Warehouse)

7. Dollar Store

8. Drug store

9. Pet shop and grooming

10.Picture frames and framing

11.Barbershops and beauty salons

12. Nail salons

13.Cell Phone Repair

14. Tattoo Shops

15.Party Rental of over 1,000 square feet
CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 10-DAY REPORT ON URGENCY ORDINANCE NO. 1172 PROHIBITING SPECIFIED

USES IN THE COMMERCIAL GENERAL AND COMMERCIAL PLANNED

DEVELOPMENT ZONE
PAGE 3 of 4
The moratorium does not prohibit:
• The renewal of a business license for an existing commercial land use as specified above that seek to maintain the establishment in its current location, in a manner, and housed within a building, which complies with all City, state, federal or otherwise applicable, codes, rules, regulations or laws; and • Issuance of permits for emergency and emergency-related repairs.

Once the City Council receives and files this report, this staff report shall constitute the City Council’s 10-day report as required under Government Code Section 65858(d) describing the measures taken to alleviate the conditions which lead to the adoption of the ordinance.

Since May 31, 2023, staff continued to work on the following:

1. Studying unintended consequences of the ordinance and its effect on commercial vacancy rates.

2. Studying the unintended consequences of the ordinance and its effect on the ability of property owners to lease small spaces that would otherwise remain vacant.

3. Crafting a revised moratorium that eliminates land uses that were prohibited under the existing moratorium that have been studied and found not to have negative impacts on the community.

4. Analyzing all impacts of the existing land uses including the detrimental effects of traffic, circulation, security and noise, etc.

5. Creating a list of interested parties, stakeholders, and residents to engage in the community input process by way of community meetings and City study sessions.

6. Initiated meetings with staff from the City’s Building and Code Enforcement Division to review the impacts of the interim ordinance and future potential development standards.

7. Reviewing regulations in surrounding cities to determine adopted codes, taxes and fees implemented and the impacts on their respective communities.

8. Study the impacts of the specified uses in commercial versus industrial zones where traffic circulation impacts may be minimized.

9. Reviewing the City’s General Plan to determine whether the specified land uses are consistent with the General Plan’s adopted goals and policies.

Conclusion:

Staff recommends that the City Council receive, file, and issue this 10-day report. At the next available City Council meeting, staff will request that Urgency Ordinance No. 1172 be extended for an additional year to allow staff further study in accordance with CITY COUNCIL AGENDA REPORT – MEETING OF JANUARY 23, 2024 10-DAY REPORT ON URGENCY ORDINANCE NO. 1172 PROHIBITING SPECIFIED

USES IN THE COMMERCIAL GENERAL AND COMMERCIAL PLANNED

DEVELOPMENT ZONE
PAGE 4 of 4
Government Code Section 65858. Staff will also be recommending removing specific land uses that were found not to have an impact on the surrounding community. This will be the final extension under the moratorium. At the conclusion of the moratorium, staff will bring forth a permanent ordinance with staff’s final recommendations and findings.

Steve Carmona
SC:AB:JG:jj
Enclosure: 1) Urgency Ordinance No. 1172
Enclosure 1
13a

A Regular Meeting of the Water Authority was held in the Council Chamber, 6615 Passons Boulevard, Pico Rivera, California.

Meeting was jointly held with the City Council and Water Authority. Items appear as listed on the combined agenda for the meeting of October 24, 2023.

Authority President Lutz called the meeting to order at 6:05 p.m.

PRESENT: Camacho, Garcia, Lara, Sanchez, Lutz
ABSENT: None
PUBLIC COMMENTS: None
CONSENT CALENDAR ITEMS:

Water Authority:

8. Minutes:
• Approved the Water Authority regular meeting of September 26, 2023

9. Electrical Panel Replacement at Plant No. 3, CIP No. 50027 – Notice of Completion. (500)

1. Approved Amendment No. 4 to AKM Consulting Engineer’s professional services agreement increasing the not-to-exceed amount by $1,760, and extending the term of the agreement through December 31, 2023;

2. Accepted the work as completed for the Electrical Panel Replacement at Plant No. 3, CIP No. 50027, by Big Sky Electric, Inc. and authorized the Authority Secretary to file the Notice of Completion with the Los Angeles County Registrar-Recorder, and

3. Authorized the Executive Director to release the retention payment to Big Sky Electric, Inc., following the mandatory waiting period from the date the Notice of Completion is recorded.

Agreement No. 21-53-4

10. Approve Agreement with Liberty Utilities to Lease 500 Acre-Feet of Water Rights Annually for Three (3) Years. (500)

1. Approved a Groundwater Pumping Water Rights License and Agreement, with “flex rights” (transfers both the pumping right and associated carryover rights to the lessee) with Liberty Utilities, to lease 500 acre-feet of unused water rights from fiscal years (FY) 2023-2026 Allowable Pumping Allocation;

2. Increased the revenue for the Pico Rivera Water Authority Fund (Account No. 550.00.0000-43250) by $42,500 annually for FY’s 2023-2026; and Tuesday, October 24, 2023
14 10-24-23 Water Minutes

Page 2 of 2 ends

3. Authorized the Executive Director to execute a lease agreement in a form approved by the General Counsel.

Agreement No. 23-76
Motion by Commissioner Camacho, seconded by Vice Chair Lara to approve Consent Calendar Item No. 8 through 10. Motion carries by the following roll call vote:

AYES: Camacho, Garcia, Lara, Sanchez, Lutz
NOES: None
CONSENT CALENDAR ITEMS PULLED FOR FURTHER DISCUSSION: None REGULAR AGENDA: None
ADJOURNMENT:

President Lutz adjourned the Water Authority meeting at 7:09 p.m. There being no objection, it was so ordered.

AYES: Camacho, Garcia, Lara, Sanchez, Lutz
NOES: None
________________________________
Andrew C. Lara, President
ATTEST:
________________________________
Cynthia Ayala, CMC, Authority Secretary
I hereby certify that the foregoing is a true and correct report of the proceedings of the Water Authority regular meeting dated October 24, 2023, and approved by the Water Authority on January 23, 2024.
_______________________________
Cynthia Ayala, CMC, Authority Secretary
To: President and Commissioners
From: Executive Director
Meeting Date: January 23, 2024
Subject: APPROVE AMENDMENT NO. 1 TO PROFESSIONAL
SERVICES AGREEMENT NO. 23-71 WITH TETRA TECH,
INC. FOR THE WATER MAIN REPLACEMENT PROJECT;
CIP NO. 50078
Recommendation:

1. Approve Amendment No. 1 to Agreement No. 23-71, in a form approved by the General Counsel and authorize the Executive Director to execute Amendment No. 1 for a not-to-exceed amount of $6,100; and

2. Authorize the Executive Director to process change orders, as needed, in an amount not-to-exceed $18,000 (approximately 10% of the total contract amount) for design and technical construction-support contingency.

Fiscal Impact:

The fiscal year (FY) 2023-24 Adopted Budget includes sufficient funding in Water Authority Funds (Fund 550) Account No. 550.70.7340-54500-CIP.50078 for the amendment. The Total Design Budget is summarized in the table below. No additional funding is required at this time.
[This space intentionally left blank]
15 WATER AUTHORITY AGENDA REPORT – MEETING OF JANUARY 23, 2024 APPROVE AMENDMENT NO. 1 TO PROFESSIONAL SERVICES AGREEMENT NO. 23-71 WITH TETRA TECH, INC. FOR THE WATER MAIN REPLACEMENT PROJECT; CIP NO. 50078

Page 2 of 2 ends

Project Activity Estimated Cost
Design and Technical Construction Support $180,000
Additional Scope of Services $6,100
Design Contingency (10%) $18,000
TOTAL DESIGN COST: $204,100
Funding Category Budget
Water Authority Funds (550.70.7340.54500-CIP50078) $1,700,000 TOTAL DESIGN BUDGET: $1,700,000
Discussion:

The Water Main Replacement Project (CIP No. 50078) consists of upsizing approximately 2,000 linear feet of existing 4-inch diameter water main pipe to 8-inch diameter; replacing approximately 4,600 liner feet of existing 10-inch diameter water main pipe and upsizing 3,500 linear feet of existing 17-inch diameter water main pipe to 18-inch diameter.

In addition to the original scope of services for this project, staff recommend extending the design limits to include sections of the water mainline along Woodford Street which has been problematic in the past few years. Previous issues include leaks due to breaks in the mainline along this segment. Including this additional scope of work will maximize the water mainline improvements and mitigate the current water main deficiencies. An amendment to the existing professional services agreement is needed to allow for added design of the water main replacements.

Conclusion:

Staff recommends approving Amendment No. 1 to Tetra Tech’s Agreement No. 23-71 for a not-to-exceed amount of $6,100 and authorize the Executive Director to execute change orders, as needed, in an amount not-to-exceed $18,000 in contingency for design and technical construction-support services to complete the design phase.

Steve Carmona
SC:NN:NC:np
Enclosure: 1) Amendment No. 1
AMENDMENT NO. 1 TO AGREEMENT NO. 23-71

PROFESSIONAL SERVICES AGREEMENT

BETWEEN THE PICO RIVERA WATER AUTHORITY AND
TETRA TECH, INC.

THIS FIRST AMENDMENT TO AGREEMENT NO. 23-71 PROFESSIONAL

SERVICES AGREEMENT BETWEEN THE PICO RIVERA WATER AUTHORITY AND TETRA TECH, INC. (“First Amendment"), effective as of January 23, 2024, is made and entered into by and between the Pico Rivera Water Authority (“PRWA”), a division of the City of Pico Rivera (“City”), as successor-in-interest to the Agreement between City and Tetra Tech, Inc., (“Consultant”) (collectively as “Parties”).

RECITALS
A. City and Consultant (collectively referred to as the “Parties”) have previously executed that certain Agreement No. 23-71 Professional Services Agreement Between the City of Pico Rivera and Tetra Tech, Inc., dated June 10, 2023 (“Agreement”) relating to design and construction support services.

B. Pursuant to Section 23 of the Agreement, the Parties desire to assign the City’s rights and obligations under the Agreement to PRWA.

C. Pursuant to Sections 4, 5.1, and 32 of the Agreement, PRWA and Consultant desire to add Additional Services with a corresponding increase in compensation and extend the term of the Agreement for an additional four months.

NOW, THEREFORE, for and in consideration of the performance by the Parties of the mutual covenants and conditions herein contained, the Parties hereto agree as follows:

1. ASSIGNMENT AND ASSUMPTION OF AGREEMENT
CITY hereby assigns to PRWA all of its rights, interest and obligations under the Agreement to PRWA, and PRWA hereby agrees to assume all of CITY’s rights and obligations under the Agreement. As evidenced by CONSULTANT’s execution of Amendment No. 1, CONSULTANT hereby consents to the assignment of the Agreement from CITY to PRWA.

2. ADDITIONAL SERVICES
In accordance with Section 5.1. of the Agreement, the Scope of Work included in Exhibit A of the Agreement shall hereby be supplemented with Consultant’s proposal attached hereto as Exhibit A-1. Exhibit A-1 is hereby incorporated by reference into the Agreement.

3. COMPENSATION
As compensation for the Additional Services described in Exhibit A-1, the not to exceed fee amount under Section 5.1 Consultant’s Services of the Agreement ENCLOSURE 1
15a
Amendment No. 1 to Professional Services Agreement No. 23-71 TETRA TECH, INC.

Page 2 of 2 ends

shall hereby be increased by Six Thousand One Hundred Dollars ($6,100.00) for Fiscal Year 2023-2024.

4. TERM
Subsection 3.4 of the Agreement is hereby amended to read as follows:

3.4 “Expiration Date”: June 30, 2025

5. EFFECT OF AMENDMENTS.

Except as modified herein, either expressly or by necessary implication, the terms and provisions of the Agreement between the Parties shall remain in full force and effect.

6. EFFECTIVE DATE.

Unless otherwise specified herein, this First Amendment shall become effective as of the date set forth below on which the last of the Parties executes this First Amendment.

IN WITNESS WHEREOF, the Parties hereto have caused this First Amendment to be executed and attested by their respective officers hereunto duly authorized. “City/PRWA” “CONSULTANT”
City of Pico Rivera Tetra Tech, Inc.

Pico Rivera Water Authority
______________________________ ___________________________________ Steve Carmona, Executive Director Tom Epperson, Vice President Dated: ________________________ Dated: _____________________________ ATTEST: APPROVED AS TO FORM:
___________________________ ___________________________________ Cynthia Ayala, Authority Secretary Arnold M. Alvarez-Glasman, General Counsel EXHIBIT A-1
Scope of Work
17885 Von Karman Avenue, Suite 500, Irvine, CA 92614-5227 Tel 949.809.5000 Fax 949.809.5010 tetratech.com
October 9, 2023
Ms. Nadia Carrasco
City of Pico Rivera
Public Works Department
6615 Passons Blvd
Pico Rivera, CA 90660-1016
Reference: Water Main Replacement Projects - CIP No. 50078 Amendment Proposal No. 1
Dear Ms. Carrasco:

Tetra Tech has been working with the City of Pico Rivera (City) on the Water Main Replacements Project since earlier this summer. The scope of work was to replace approximately 10,000 linear feet of undersized and aging water pipelines throughout the City, including within residential and arterial streets. The approved contract amount for this project is $180,000.

After review of the 35% Plan Submittal, the City expressed that they would like to add additional pipe replacement segments to the project. The first segment is about 120 LF of 6” DIP from the intersection of Woodford St/Aleman Ave to the end of the cul-de-sac. The second segment is about 250 LF of 10” DIP from the intersection of Woodford St/Sandoval Ave to the intersection of Woodford St/Greenglade Ave. The following correspondence summarizes our understanding of the additional work requested by the City.

ADDITIONAL WORK
Task 1 - Additional Design Segments:

A. Survey – Our surveyor has the topography available for the additional segment, and therefore there will be no additional cost for survey.

B. Field Visit – Once the additional segments are incorporated into the base map, our design team will visit the site to field verify the visible surface features and confirm the existing conditions are reflected in the design plans.

C. Additional Plan Sheet – We anticipate one additional sheet to depict the plan and profile of the additional segments. This task will include preparation of the preliminary base plans, 65%, 90% and Final design submittals, including detail connections. This task will also include preparation of the record plan for this additional sheet.

SUMMARY
The following is a summary of the budget increase for the requested additional work:

Task No. Description of the Work Requested Budget
Additional Services
1A Survey $ 0
1B Field Visit $ 800
1C Additional Plan Sheet
(Design/Permitting/Record Plan)
$5,300
Total Amount $6,100
Exhibit A-1

Page 1 of 4 ends

Ms. Nadia Carrasco
October 9, 2023
2 TETRA TECH
Acceptance by the City of this Amendment Proposal will increase our approved budget from $180,000 to $186,100.

Attached herewith is the cost and labor hour breakdown for the additional work.

Should you have any questions or want to discuss this request in further detail, please do not hesitate to give me a call.

Sincerely,
Neha Gajjar, PE
Senior Project Manager
NG
Attachment
O:\Projects\Irvine\214394\200-214394-23001\ProjMgmt\Contracts\COs\CO #1 - Additional Segments

Page 2 of 4 ends

Price Summary / Totals
Task Pricing Totals 6,100
Specify Add'l Fees on Setup 0
Technology Use Fee
Proj Area > Civil/Mech Civil/Mech Civil/Mech Civil/Mech Civil/Mech Civil/Mech 6,100 Submitted to: City of Pico Rivera
(Attn: Nadia Carrasco)
Contract Type: T&M
Project Phases / Tasks 46 - 1 3 3 18 21 6,035 65 6,100
2 3 4 5 6 7
1-Additional Design Segments 46 - 1 3 3 18 21 6,035 65 6,100 A. Horizontal Survey - - -
B. Field Visit 6 - 3 3 735 65 800
C. Additional Plan Sheet 40 - 1 3 3 15 18 5,300 - 5,300 +Basemap Preparation - 3 - 1 2 360 360
+Preliminary Design - 5 - 1 2 2 640 640
+65% Plan - 16 - 1 1 6 8 2,025 2,025
+Connection Details - 5 - 1 2 2 640 640
+90% Plan - 5 - 1 2 2 665 665
+Final Plan - 4 - 1 1 1 1 725 725
+Record Plan - 2 - 1 1 245 245
Totals 46 - 1 3 3 18 21 6,035 65 6,100
Task Pricing
Totals
Total
Labor Hrs Labor ODCs Senior Project Manager (Neha Gajjar) Sr Engineer 1 (Erica Jenkins) Project Engineer 1 (Jaden Miller) Engineer 3 (Ashley Pham) Engineer 2 (Justin Clark) Pipeline Replacement Project - CO#1 Additional Segments Total Price Pricing by Resource
Civil/Mech
Program Manager (Tom Epperson)
6 Resource
Water Main Replacement Projects
Price Proposal Labor Plan
Tetra Tech - Confidential and Proprietary Page 1 of 1 Printed 10/9/2023

Page 3 of 4 ends

Project Management Construction
Project Manager 1 $220.00 Construction Project Rep 1 $80.00 Project Manager 2 $260.00 Construction Project Rep 2 $90.00 Sr Project Manager $305.00 Sr Constr Project Rep 1 $110.00 Program Manager $340.00 Sr Constr Project Rep 2 $120.00 Principal in Charge $340.00 Construction Manager 1 $170.00 Construction Manager 2 $190.00
Engineers Construction Director $235.00
Engineering Technician $90.00
Engineer 1 $115.00 General & Administrative
Engineer 2 $115.00 Project Assistant 1 $67.00
Engineer 3 $130.00 Project Assistant 2 $75.00
Project Engineer 1 $150.00 Project Administrator $95.00 Project Coordinator $175.00 Sr Project Administrator $120.00 Project Engineer 2 $165.00 Graphic Artist $130.00
Sr Engineer 1 $175.00 Technical Writer 1 $97.00
Sr Engineer 2 $185.00 Technical Writer 2 $124.00
Sr Engineer 3 $210.00 Sr Technical Writer $155.00
Principal Engineer $300.00
Planners Information Technology
Planner 1 $104.00 Systems Analyst / Programmer 1 $77.00 Planner 2 $115.00 Systems Analyst / Programmer 2 $115.00 Sr Planner 1 $125.00 Sr Sys Analyst / Programmer 1 $130.00 Sr Planner 2 $151.00 Sr Systems Analyst / Programmer 2 $196.00 Sr Planner 3 $175.00
Project Accounting
Designers & Technicians Project Analyst 1 $90.00
CAD Technician 1 $65.00 Project Analyst 2 $114.00
CAD Technician 2 $75.00 Sr Project Analyst $155.00
CAD Technician 3 $90.00
CAD Designer $105.00 Reimbursable In-House Costs:

Sr CAD Designer 1 $125.00 Photo Copies (B&W 8.5”x11”) $ 0.15/Each Sr CAD Designer 2 $150.00 Photo Copies (B&W 11”x17”) $ 0.40/Each CAD Director $155.00 Color Copies (up to 8.5"x11") $ 2.00/Each Survey Tech 1 $50.00 Color Copies (to 11"x17") $ 3.00/Each Compact Discs $10/each
Large format copies $0.40 S.F.

Health & Safety Mileage-Company Vehicle $0.80/mile
H&S Administrator $95.00 Mileage-POV $0.55/mile*
Sr H&S Administrator $115.00 *current GSA POV mileage rate subject to change H&S Manager $145.00
All other direct costs, such as production, special photography, postage, delivery services, overnight mail, printing and any other services performed by subcontractor will be billed at cost plus 15%.

Exhibit A
2023

HOURLY CHARGE RATE AND EXPENSE REIMBURSEMENT SCHEDULE
NOTE: Rates subject to change annually.

Page 4 of 4 ends

COUNCIL

MEETING
DATE

COUNCIL MEMBER REQUEST DETAIL DIRECTOR(S)
ACTION TAKEN: Memo; Staff
Report; Closed Session;
Presentation; Follow-up
Meeting; City Manager Reports;
Informal Action

DISCUSSION
ITEM

ACTION ITEM
DATE
STATUS:

Complete;
Pending;
On-going;
In-Progress
2/14/2023 Garcia/Sanchez Establishing Safe Spaces for kids Take to City Council P. Yugar TBD 2/14/2023 8/8/2023 In-Progress 11/14/2023 Lara/Lutz MHKO Ordinance Take to City Council A. Betancourt

GOOD OF THE ORDER

Pico Rivera City CouncilJanuary 23, 2024

Pico Rivera City Council
January 23, 2024