7. BUSINESS LICENSE
Consultant shall obtain a City business license prior to commencing performance under this Agreement.
8. COMPLIANCE WITH LAWS
Consultant shall keep informed of State, Federal and Local laws, ordinances, codes and regulations that in any manner affect those employed by it or in any way affect the performance of its services pursuant to this Agreement. The Consultant shall at all times comply with such laws, ordinances, codes and regulations. Without limiting the generality of the foregoing, if Consultant is an out-of-state corporation or LLC, it must be qualified and registered to do business in the State of California pursuant to sections 2105 and 17708.02 of the California Corporations Code. The City, its officers and employees shall not be liable at law or in equity occasioned by failure of Consultant to comply with this Section.
9. CONFLICT OF INTEREST
Consultant covenants that it presently has no interest and shall not acquire any interest, direct or indirect, which may be affected by the services to be performed by Consultant under this Agreement, or which would conflict in any manner with the performance of its services hereunder. During the term of this Agreement, Consultant shall not perform any work for another person or entity for whom Consultant was not working at the Commencement Date if both: (i) such work would require Consultant to abstain from a decision under this Agreement pursuant to a conflict of interest statute; and (ii) City has not consented in writing prior to Consultant’s performance of such work.
10. PERSONNEL
Consultant represents that it has, or will secure at its own expense, all personnel required to perform the services identified in the Scope of Services. All such services shall be performed by Consultant or under its supervision, and all personnel engaged in the work shall be qualified to perform such services. Consultant reserves the right to determine the assignment of its own employees to the performance of Consultant’s services under this Agreement, but City reserves the right, for good cause, to require Consultant to exclude any employee from performing services on City’s premises. Lorine Alatorre shall be Consultant’s project administrator and shall have direct responsibility for management of Consultant’s performance under this Agreement. No change shall be made in Consultant’s project administrator without City’s prior written consent.
11. OWNERSHIP OF WRITTEN PRODUCTS
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All reports, documents or other written material (“written products”) developed by Consultant in the performance of this Agreement shall be and remain the property of City without restriction or limitation upon its use or dissemination by City. Consultant may take and retain copies of such written products as desired, but no such written products shall be the subject of a copyright application by Consultant. If any state, federal, or local law requires mandatory copyright protection for Consultant’s work product, City shall comply with such laws to the extent feasible.
12. INDEPENDENT CONSULTANT
12.1 Consultant is, and shall at all times remain as to City, a wholly independent consultant. Consultant shall have no power to incur any debt, obligation, or liability on behalf of City or otherwise to act on behalf of City as an agent. Neither City nor any of its officers, employees or agents shall have control over the conduct of Consultant or any of Consultant’s employees, except as set forth in this Agreement. Consultant shall not at any time represent that it is, or that any of its agents or employees are, in any manner employees of City.
12.2 The Parties further acknowledge and agree that nothing in this Agreement shall create or be construed to create a partnership, joint venture, employment relationship, joint-employer relationship, or any other relationship between Consultant or Consultant’s employees except as set forth in this Agreement.
12.3 City shall have no direct or indirect control over Consultant’s employees or sub-consultants with respect to wages, hours, and working conditions. In addition, City shall not deduct from the Compensation paid to Consultant any sums required for Social Security, withholding taxes, FICA, state disability insurance or any other federal, state or local tax or charge which may or may not be in effect or hereinafter enacted or required as a charge or withholding on the compensation paid to Consultant, Consultant’s employees or subconsultants. City shall have no responsibility to provide Consultant, its employees or subconsultants with workers’ compensation insurance or any other insurance.
12.4 The Parties further acknowledges the following: (i) that Consultant shall provide the services outlined in the Scope of Services directly to City; (ii) Consultant maintains a business location at the address listed under Section 20 that is separate and distinct from the City; (iii) Consultant contracts with other businesses to provide the same or similar services and maintains a clientele without restriction from the City; (iv) Consultant advertises and holds itself out to the public as available to provide the same or similar services; (v) unless otherwise specified in this Agreement, Consultant provides its own tools, vehicles, and equipment necessary for performing the Scope of Services; (vi) Consultant has proposed and negotiated its own rates; and (vii) consistent with the nature and demands of the project and the City’s business hours, Consultant may set its own hours and location of work.
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13. CONFIDENTIALITY
All data, documents, discussion, or other information developed or received by Consultant or provided for performance of this Agreement are deemed confidential and shall not be disclosed by Consultant without prior written consent by City. City shall grant such consent if disclosure is legally required. Upon request, all City data and any copies thereof shall be returned to City upon the termination or expiration of this Agreement.
14. NON-LIABILITY OF CITY OFFICIALS AND EMPLOYEES
No official or employee of the City shall be personally liable to Consultant in the event of any default or breach by City, or for any amount which may become due to Consultant.
15. INDEMNIFICATION
15.1 The Parties agree that City, its officers, agents, elected and appointed officials, employees, affiliated public agencies and volunteers should, to the extent permitted by law, be fully protected from any loss, injury, damage, claim, lawsuit, cost, expense, attorneys’ fees, litigation costs, or any other cost arising out of or in any way related to the performance of this Agreement. Accordingly, the provisions of this indemnity provision are intended by the Parties to be interpreted and construed to provide the fullest protection possible under the law to City. Consultant acknowledges that City would not enter into this Agreement in the absence of Consultant’s commitment to indemnify and protect City as set forth herein. Notwithstanding the foregoing, to the extent Consultant's services are subject to Civil Code Section 2782.8, the above indemnity shall be limited, to the extent required by Civil Code Section 2782.8, to claims that arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of the Consultant.
15.2 To the full extent permitted by law, Consultant shall indemnify, hold harmless and defend City, its officers, agents, elected and appointed officials, employees, affiliated public agencies and volunteers from and against any and all claims, demands, lawsuits, causes of action, losses, costs or expenses for any damage due to death or injury to any person and injury to any property resulting from or arising out of any alleged intentional, reckless, negligent, or otherwise wrongful acts, errors or omissions of Consultant or any of its officers, employees, servants, agents, or subconsultants in the performance of this Agreement. Such costs and expenses shall include reasonable attorneys’ fees incurred by counsel of City’s choice and expert witness fees and consultant fees. Notwithstanding the foregoing, to the extent Consultant's Services are subject to Civil Code Section 2782.8, the above indemnity shall be limited, to the extent required by Civil Code Section 2782.8, to claims that arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of the Consultant.
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15.3 City shall have the right to offset against the amount of any compensation due Consultant under this Agreement any amount due City from Consultant as a result of Consultant’s failure to pay City promptly any indemnification arising under this Section 15 or related to Consultant’s failure to either: (i) pay taxes on amounts received pursuant to this Agreement or (ii) comply with applicable workers’ compensation laws.
15.4 The obligations of Consultant under this Section 15 will not be limited by the provisions of any workers’ compensation act or similar act. Consultant expressly waives its statutory immunity under such statutes or laws as to City, its officers, agents, employees and volunteers.
15.5 Consultant agrees to obtain executed indemnity agreements with provisions identical to those set forth here in this Section 15 from each and every subconsultant or any other person or entity involved by, for, with or on behalf of Consultant in the performance of this Agreement. In the event Consultant fails to obtain such indemnity obligations from others as required herein, Consultant agrees to be fully responsible and indemnify, hold harmless and defend City, its officers, agents, elected and appointed officials, employees, affiliated public agencies and volunteers from and against any and all claims, demands, lawsuits, causes of action, losses, costs or expenses for any damage due to death or injury to any person and injury to any property resulting from or arising out of any alleged intentional, reckless, negligent, or otherwise wrongful acts, errors or omissions of Consultant’s subconsultants or any other person or entity involved by, for, with or on behalf of Consultant in the performance of this Agreement. Such costs and expenses shall include reasonable attorneys’ fees incurred by counsel of City’s choice and expert witness fees and consultant fees.
15.6 City does not, and shall not, waive any rights that it may possess against Consultant because of the acceptance by City, or the deposit with City, of any insurance policy or certificate required pursuant to this Agreement. This hold harmless and indemnification provision shall apply regardless of whether or not any insurance policies are determined to be applicable to the claim, demand, damage, liability, loss, cost or expense.
15.7 PERS ELIGIBILITY INDEMNITY. In the event that Consultant or any employee, agent, or subconsultant of Consultant providing services under this Agreement claims or is determined by a court of competent jurisdiction or the California Public Employees Retirement System (PERS) to be eligible for enrollment in PERS as an employee of the City, Consultant shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Consultant or its employees, agents, or subconsultants, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of City.
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Notwithstanding any other agency, state or federal policy, rule, regulation, law or ordinance to the contrary, Consultant and any of its employees, agents, and subconsultants providing service under this Agreement shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in PERS as an employee of City and entitlement to any contribution to be paid by City for employer contribution and/or employee contributions for PERS benefits.
16. INSURANCE
16.1 During the term of this Agreement, Consultant shall carry, maintain, and keep in full force and effect insurance against claims for death or injuries to persons or damages to property that may arise from or in connection with Consultant’s performance of this Agreement. Such insurance shall be of the types and in the amounts as set forth below:
16.1.1 Comprehensive general liability, and Umbrella or Excess Liability Insurance covering all operations by or on behalf of Consultant providing insurance for bodily injury liability and property damage liability for the following and including coverage for:
16.1.1.1 Premises, operations, and mobile equipment
16.1.1.2 Products and completed operations
16.1.1.3 Broad form property damage (including completed operations)
16.1.1.4 Explosion, collapse, and underground hazards
16.1.1.5 Personal Injury
16.1.1.6 Contractual liability
in the amount of One Million Dollars ($1,000,000) per occurrence combined single limit; Two Million Dollars ($2,000,000) aggregate for products/completed operation; Two Million Dollars ($2,000,000) general aggregate (General aggregate must apply separately to Consultant’s work under this Agreement.); and Five Million Dollars ($5,000,000) umbrella or excess liability.
16.1.2 Automobile Liability Insurance for owned, hired and non-owned vehicles utilized by Consultant, its employees or subconsultants, in the amount of One Million Dollars ($1,000,000) per accident for bodily injury and property damage.
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16.1.3 Worker’s Compensation Insurance as required by the laws of the State of California, with Statutory Limits, and Employer's Liability Insurance with limit of no less than One Million Dollars ($1,000,000) per accident for bodily injury or disease.
16.1.4 Professional Liability Insurance against errors and omissions in the performance of the work under this Agreement with coverage limits of not less than One Million Dollars ($1,000,000) per occurrence of claim/ Two Million Dollars ($2,000,000) in the aggregate.
16.2 Consultant shall require each of its subconsultants, if any, to maintain insurance coverage that meets all of the requirements of this Agreement.
16.3 The policy or policies required by this Agreement shall be issued by an insurer admitted in the State of California and with a rating of at least A:VII in the latest edition of Best’s Insurance Guide.
16.4 Consultant agrees that if it does not keep the aforesaid insurance in full force and effect City may either: (i) immediately terminate this Agreement; or (ii) take out the necessary insurance and pay, at Consultant’s expense, the premium thereon.
16.5 At all times during the term of this Agreement, Consultant shall maintain on file with City’s Risk Manager a certificate or certificates of insurance showing that the aforesaid policies are in effect in the required amounts and, for the general liability and automobile liability policies, naming the City as an additional insured. Consultant shall, prior to commencement of work under this Agreement, file with City’s Risk Manager such certificate(s).
16.6 Consultant shall provide proof that policies of insurance required herein expiring during the term of this Agreement have been renewed or replaced with other policies providing at least the same coverage. Consultant shall provide such proof to City at least two weeks prior to the expiration of the coverages.
16.7 The general liability and automobile policies of insurance required by this Agreement shall contain an endorsement naming City, its officers, employees, agents and volunteers as additional insureds. All of the policies required under this Agreement shall contain an endorsement providing that the policies cannot be canceled or reduced except on thirty days’ prior written notice to City. Consultant agrees to require its insurer to modify the certificates of insurance to delete any exculpatory wording stating that failure of the insurer to mail written notice of cancellation imposes no obligation, and to delete the word “endeavor” with regard to any notice provisions.
16.8 The general liability and automobile policies of insurance provided by Consultant shall be primary to any coverage available to City. Any insurance or selfinsurance maintained by City, its officers, employees, agents or volunteers, shall be in excess of Consultant’s insurance and shall not contribute with it.
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16.9 All insurance coverage provided pursuant to this Agreement shall not prohibit Consultant, and Consultant’s employees, agents or subconsultants, from waiving the right of subrogation prior to a loss. Consultant hereby waives all rights of subrogation against the City.
16.10 Any deductibles or self-insured retentions must be declared to and approved by the City. At the option of City, Consultant shall either reduce or eliminate the deductibles or self-insured retentions with respect to City, or Consultant shall procure a bond guaranteeing payment of losses and expenses.
16.11 Procurement of insurance by Consultant shall not be construed as a limitation of Consultant’s liability or as full performance of Consultant’s duties to indemnify, hold harmless and defend under Section 15 of this Agreement.
16.12 If Consultant maintains broader coverage and/or higher limits than the minimums shown above, the City requires and shall be entitled to the broader coverage and/or the higher limits maintained by the Consultant. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.
17. MUTUAL COOPERATION
17.1 City shall provide Consultant with all pertinent data, documents and other requested information as is reasonably available to City for the proper performance of Consultant’s services under this Agreement.
17.2 In the event any claim or action is brought against City relating to Consultant’s performance in connection with this Agreement, Consultant shall render any reasonable assistance that City may require.
18. RECORDS AND INSPECTIONS
Consultant shall maintain full and accurate records with respect to all matters covered under this Agreement for a period of three years after the expiration or termination of this Agreement. City shall have the right to access and examine such records, without charge, during normal business hours. City shall further have the right to audit such records, to make transcripts therefrom and to inspect all program data, documents, proceedings, and activities.
19. PERMITS AND APPROVALS
Consultant shall obtain, at its sole cost and expense, all permits and regulatory approvals necessary in the performance of this Agreement.
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20. NOTICES
Any notices, bills, invoices, or reports required by this Agreement shall be deemed received on: (i) the day of delivery if delivered by hand, facsimile, email, or overnight courier service during Consultant’s and City’s regular business hours; or (ii) on the third business day following deposit in the United States mail if delivered by mail, postage prepaid, to the addresses listed below (or to such other addresses as the Parties may, from time to time, designate in writing).
If to City: If to Consultant:
Steve Carmona, City Manager
City of Pico Rivera
PO Box 1016
6615 Passons Blvd.
Pico Rivera, California 90660-1016
Facsimile: (562) 801-4371
Lorine Alatorre
Homeless Outreach Services, LLC
1220 S. Belhaven St., Apt. 40
Anaheim, CA 92806
(714) 473-5636
With a courtesy copy to:
Arnold M. Alvarez-Glasman, City Attorney
13181 Crossroads Parkway North
Suite 400 - West Tower
City of Industry, CA 91746
Facsimile: (562) 692-2244
21. SURVIVING COVENANTS
The Parties agree that the covenants contained in Sections 13, 15 and Paragraph
17.2 of Section 17, of this Agreement shall survive the expiration or termination of this Agreement.
22. TERMINATION
22.1. City shall have the right to terminate this Agreement for any reason on five (5) calendar days’ written notice to Consultant. Consultant shall have the right to terminate this Agreement for any reason on sixty (60) calendar days’ written notice to City. The effective date of termination shall be upon the date specified in the notice of termination. Consultant agrees that in the event of such termination, City’s obligation to pay Consultant shall be limited to payment only for those services satisfactorily rendered, as solely determined by the City, prior to the effective date of termination. Consultant agrees to cease all work under this Agreement on or before the effective date of any notice of termination. All City data, documents, objects, materials or other tangible things shall be returned to City upon the termination or expiration of this Agreement.
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22.2 If City terminates this Agreement due to no fault or failure of performance by Consultant, then Consultant shall be paid based on the work satisfactorily performed, as solely determined by the City, at the time of termination. In no event shall Consultant be entitled to receive more than the amount that would be paid to Consultant for the full performance of the services required by this Agreement.
23. ASSIGNMENT
Consultant shall not delegate, transfer, subcontract or assign its duties or rights hereunder, either in whole or in part, without City’s prior written consent, and any attempt to do so shall be void and of no effect. City shall not be obligated or liable under this Agreement to any Party other than Consultant.
24. NON-DISCRIMINATION AND EQUAL EMPLOYMENT OPPORTUNITY
24.1 In the performance of this Agreement, Consultant shall not discriminate against any employee, subconsultant, or employment applicant because of race, color, creed, religion, sex, marital status, national origin, ancestry, age, physical or mental handicap, medical condition or sexual orientation. Consultant will take affirmative action to ensure that subconsultants, employees, and employment applicants are treated without regard to their race, color, creed, religion, sex, marital status, national origin, ancestry, age, physical or mental handicap, medical condition or sexual orientation.
24.2 Consultant will, in all solicitations or advertisements for employees placed by or on behalf of Consultant state either that it is an equal opportunity employer or that all qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, marital status, national origin, ancestry, age, physical or mental handicap, medical condition or sexual orientation.
24.3 Consultant will cause the foregoing provisions to be inserted in all subcontracts for any work covered by this Agreement except contracts or subcontracts for standard commercial supplies or raw materials.
25. WARRANTIES
25.1 Each Party has received independent legal advice from its attorneys with respect to the advisability of entering into and executing this Agreement, or been provided with an opportunity to receive independent legal advice and has freely and voluntarily waived and relinquished the right to do so. Each Party who has not obtained independent counsel acknowledges that the failure to have independent legal counsel will not excuse such Party’s failure to perform under this Agreement.
25.2 In executing this Agreement, each Party has carefully read this Agreement, knows the contents thereof, and has relied solely on the statements expressly set forth Professional Services Agreement
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herein and has placed no reliance whatsoever on any statement, representation, or promise of any other party, or any other person or entity, not expressly set forth herein, nor upon the failure of any other party or any other person or entity to make any statement, representation or disclosure of any matter whatsoever.
25.3 It is agreed that each Party has the full right and authority to enter into this Agreement, and that the person executing this Agreement on behalf of either Party has the full right and authority to fully commit and bind such Party to the provisions of this Agreement.
26. CAPTIONS
26.1 The captions appearing at the commencement of the sections hereof, and in any paragraph thereof, are descriptive only and for convenience in reference to this Agreement. Should there be any conflict between such heading, and the section or paragraph thereof at the head of which it appears, the section or paragraph thereof, as the case may be, and not such heading, shall control and govern in the construction of this Agreement.
26.2 Masculine or feminine pronouns shall be substituted for the neuter form and vice versa, and the plural shall be substituted for the singular form and vice versa, in any place or places herein in which the context requires such substitution(s).
27. NON-WAIVER
27.1 The waiver by City or Consultant of any breach of any term, covenant or condition herein contained shall not be deemed to be a waiver of such term, covenant or condition or of any subsequent breach of the same or any other term, covenant or condition herein contained. In no event shall the making by City of any payment to Consultant constitute or be construed as a waiver by City of any breach of covenant, or any default which may then exist on the part of Consultant, and the making of any such payment by City shall in no way impair or prejudice any right or remedy available to City with regard to such breach or default. No term, covenant or condition of this Agreement shall be deemed to have been waived by City or Consultant unless in writing.
27.2 Each right, power and remedy provided for herein or now or hereafter existing at law, in equity, by statute, or otherwise shall be cumulative and shall be in addition to every other right, power, or remedy provided for herein or now or hereafter existing at law, in equity, by statute, or otherwise. The exercise, the commencement of the exercise, or the forbearance of the exercise by any Party of any one or more of such rights, powers or remedies shall not preclude the simultaneous or later exercise by such Party of any of all of such other rights, powers or remedies.
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27.3 Consultant shall not be liable for any failure to perform if Consultant presents acceptable evidence, in City’s sole judgment, that such failure was due to causes beyond the control and without the fault or negligence of Consultant.
28. COURT COSTS AND ATTORNEY FEES
In the event legal action shall be necessary to enforce any term, covenant or condition herein contained, the Party prevailing in such action, whether reduced to judgment or not, shall be entitled to its reasonable court costs, including accountants’ fees and expert witness fees, if any, and attorneys’ fees expended in such action. The venue for any litigation shall be Los Angeles County, California.
29. SEVERABILITY
If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, then such term or provision shall be amended to, and solely to, the extent necessary to cure such invalidity or unenforceability, and in its amended form shall be enforceable. In such event, the remainder of this Agreement, or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Agreement shall be valid and be enforced to the fullest extent permitted by law.
30. GOVERNING LAW
This Agreement shall be governed and construed in accordance with the laws of the State of California.
31. COUNTERPARTS
This Agreement may be signed in any one or more counterparts all of which taken together shall be but one and the same Agreement. Any signed copy of this Agreement or of any other document or agreement referred to herein, or copy or counterpart thereof, delivered by facsimile or email transmission, shall for all purposes be treated as if it were delivered containing an original manual signature of the Party whose signature appears in the facsimile or email and shall be binding upon such Party in the same manner as though an originally signed copy had been delivered.
32. ENTIRE AGREEMENT
All documents referenced as exhibits in this Agreement are hereby incorporated in this Agreement. In the event of any material discrepancy between the express provisions of this Agreement and the provisions of any document incorporated herein by reference, the provisions of this Agreement shall prevail. This instrument contains the entire Professional Services Agreement
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Agreement between City and Consultant with respect to the transactions contemplated herein. No other prior oral or written agreements are binding upon the Parties.
Amendments hereto or deviations herefrom shall be effective and binding only if made in writing and executed by City and Consultant.
TO EFFECTUATE THIS AGREEMENT, the Parties have caused their duly authorized representatives to execute this Agreement on the dates set forth below. “CITY” “CONSULTANT”
CITY OF PICO RIVERA HOMELESS OUTREACH SERVICES, LLC
______________________________ ___________________________________ Steve Carmona, City Manager Lorine Alatorre
Dated: ________________________ Dated: _____________________________ ATTEST: APPROVED AS TO FORM:
___________________________ ___________________________________ Cynthia Ayala, City Clerk Arnold M. Alvarez-Glasman, City Attorney Professional Services Agreement
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EXHIBIT A
SCOPE OF SERVICES
June 26, 2025
Alvie Betancourt
Director of Community & Economic Development
City of Pico Rivera
6615 Passons Blvd.
Pico Rivera, CA 90660
RE: PROPOSAL FOR HOMELESS SERVICES LIAISON
Dear Mr. Betancourt,
I am honored to submit this proposal in response to the City of Pico Rivera’s Request for Proposals for the Homeless Services Liaison (HSL), utilizing PLHA funds. As an independent consultant with over 16 years of progressive leadership in the homelessness services field—including program design, crisis intervention, interagency coordination, and direct street outreach—I bring a depth of experience tailored to the City’s goals for compassionate, data-driven, and sustainable solutions.
My engagement with the City of Pico Rivera is rooted not only in professional expertise, but also in an authentic commitment to the individuals, families, and neighborhoods impacted by homelessness. This proposal reflects a strategic framework built on trauma-informed practices, performance monitoring, and cross-sector collaboration, with measurable objectives to ensure accountability and impact. I am a sole provider and do not intend to subcontract services. All elements of the proposed work will be directly overseen and delivered by me.
I appreciate your consideration and look forward to the opportunity to serve your community.
Sincerely,
Lorine Alatorre
Lorine Alatorre
Homeless Outreach Services, LLC
Professional Services Agreement
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QUALIFICATIONS OF THE FIRM
As a sole proprietor, I offer a depth and breadth of professional experience typically associated with an entire agency. I bring over 16 years of progressive leadership in the design, management, and direct delivery of outreach and supportive services for vulnerable populations—including individuals experiencing homelessness, survivors of human trafficking, justice-involved youth, and those with mental health and substance use disorders.
My professional trajectory includes executive-level positions at respected organizations such as Pacific Clinics, Mercy House, The Salvation Army, and the Orange County Health Care Agency. These roles encompassed program management, direct supervision of multidisciplinary teams, fiscal oversight of multimillion-dollar grants, and cross-sector coordination with law enforcement, public health, legal aid, and housing agencies.
Key areas of expertise include:
• Strategic Program Development and Implementation: I have designed and scaled outreach, housing navigation, and wraparound service models across Southern California, including successful implementation of trauma-informed and harm-reduction frameworks. • Crisis Response and Trauma-Informed Care: My clinical training and field experience enable me to provide real-time de-escalation, mental health referrals, and survivor-centered case management to individuals in acute crisis.
• Grant and Budget Administration: I have successfully managed funding from municipal, state, and federal sources, maintaining full compliance and performance accountability. At Pacific Clinics, I led financial reporting and resource allocation to meet program goals with measurable outcomes. • Interagency Leadership: My work regularly intersects with law enforcement, city departments, behavioral health networks, and regional CES leads. I am known for forging durable partnerships to resolve barriers to housing access and service delivery. • Community Advocacy: I have developed outreach and prevention campaigns tailored to underserved populations, and in 2024, I was formally recognized by the Pico Rivera City Council for my longstanding community involvement and cross-agency collaboration.
• Bilingual Communication and Cultural Competency: As a fluent Spanish speaker, I ensure equitable service delivery across diverse populations, particularly in high-need communities where trust and cultural responsiveness are critical to client engagement. • Ethics, Integrity, and Reliability: I have no pending litigation, bankruptcies, or financial liabilities that would affect my ability to deliver services, and I maintain a reputation for high standards of professionalism and client-centered care.
Through this contract, the City will receive the full commitment of a seasoned professional with deep regional expertise and a longstanding record of advancing housing stability, public health, and equitable access to care. My unique qualifications enable me to deliver high-impact, cost-effective services Professional Services Agreement
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without the administrative overhead of a large institution—allowing for greater flexibility, responsiveness, and community alignment.
• Over 16 years of progressive leadership in homeless services, housing navigation, and systems-level collaboration, with a proven track record of designing, launching, and managing outreach and case management programs that have directly supported thousands of unhoused individuals and families across Southern California. My career spans public, nonprofit, and health agency settings, demonstrating adaptability and depth in both policy-level and frontline roles.
• Extensive experience managing multimillion-dollar programs and complex funding portfolios at leading organizations such as Mercy House and Pacific Clinics. I have overseen diverse funding streams—including local, state, and federal grants—ensuring full compliance with contract terms, achieving performance benchmarks, and maximizing the impact of limited resources through strategic planning and interagency coordination. • Comprehensive training in trauma-informed care, crisis intervention, and mental health strategies, enabling me to engage individuals experiencing acute psychological distress with empathy, skill, and professionalism. My approach integrates harm-reduction principles, motivational interviewing, and culturally responsive care to build trust with clients who have often been underserved by traditional systems.
• Bilingual fluency in English and Spanish, which has been instrumental in building rapport with monolingual Spanish-speaking individuals and families experiencing homelessness. My language skills enhance accessibility, reduce service barriers, and foster inclusive communication across culturally diverse populations in the communities I serve. • Strong ethical standing and professional integrity, with no pending litigation, bankruptcies, or financial liabilities that could impact my ability to deliver high-quality services. I maintain the highest standards of accountability, transparency, and client confidentiality in all aspects of my work.
PROPOSED STAFFING
All services under this contract will be personally delivered by me, Lorine Alatorre. As a sole proprietor, I bring a hands-on, executive-level commitment to every facet of program delivery—from direct street outreach and case coordination to strategic planning and interagency collaboration. My extensive background in both frontline service and program management allows me to operate with the agility of an independent consultant while bringing the systems-level insight of a senior administrator.
Throughout my 16-year career, I have led teams, developed service protocols, managed grants, and cultivated partnerships across Los Angeles and Orange counties. I have served in high-impact roles with organizations such as Pacific Clinics, The Salvation Army, Mercy House, and the Orange County Health Professional Services Agreement
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Care Agency—each of which sharpened my ability to deliver trauma-informed, culturally competent, and data-driven support to vulnerable populations.
My résumé (Attachment A) outlines in detail my qualifications in case management, outreach, housing navigation, crisis intervention, and coordinated entry systems. These experiences are not just theoretical—they directly inform the field-based, client-centered approach I will bring to the Homeless Services Liaison role in Pico Rivera.
I am fully committed to this assignment and will personally carry out all tasks outlined in the Scope of Work. No subcontractors or additional personnel will be used. Furthermore, I will not reassign or delegate any portion of this work without the City’s express written consent. This level of direct accountability ensures continuity of service, strong relationship-building with local stakeholders, and maximum return on the City’s investment.
CONSULTANTS AND/OR SUB-CONSULTANTS
Not applicable. No subcontractors are being proposed for this contract.
WORK APPROACH
My approach to the Scope of Work is grounded in evidence-based practices and a deep understanding of the unique needs of unsheltered individuals in suburban communities like Pico Rivera. I center my work on five interconnected pillars that together support the City’s goal of reducing homelessness through strategic, compassionate, and measurable service delivery.
1. Outreach & Engagement
I will conduct proactive, field-based outreach throughout Pico Rivera, including known encampment locations, high-traffic areas, and locations identified by community members, public safety officers, or City departments. My approach is rooted in trauma-informed care and harm reduction, prioritizing relationship-building, dignity, and trust.
When responding to service requests or field calls, I will provide immediate crisis de-escalation when necessary and begin client engagement by offering basic needs items, initial assessments, and referrals.
Drawing from my background in mental health and substance abuse services, I am skilled in recognizing early signs of psychological distress and tailoring my engagement approach to each individual’s readiness to accept help.
I will document each encounter and, with client consent, initiate intake into the Coordinated Entry System (CES) or other relevant platforms, facilitating their transition into shelter, interim housing, or behavioral health services. For individuals who are resistant to services, I will remain a consistent presence, using respectful persistence to build rapport and trust over time.
2. Interagency Collaboration
Professional Services Agreement
HOMELESS OUTREACH SERVICES, LLC
A key component of this role is acting as the City’s liaison to partner agencies. I have a proven track record of working collaboratively with LA County Sheriff’s Department, Code Enforcement, County Departments (including Mental Health and Health Services), and service providers across SPA 7. I will regularly coordinate with these entities to align field responses, co-manage complex cases, and advocate for tailored resource allocation for Pico Rivera.
I will also represent the City at CES case conferences, Continuum of Care convenings, and regional coalitions, ensuring that the City has a consistent voice in cross-jurisdictional planning. Through these relationships, I will help bring visibility to local needs, leverage external resources, and promote upstream solutions to chronic homelessness.
3. Case Monitoring and Follow-Up
Establishing and maintaining consistent contact with clients is critical to building trust and supporting successful service linkages. Once a client is engaged, I will develop an individualized service plan with measurable goals, based on their assessed needs and housing priorities.
Follow-up will include regular check-ins, coordination with housing navigators and case managers, and assistance with transportation, documentation, and service appointments. I will remain involved even after initial placement to support retention, provide warm hand-offs, and prevent returns to homelessness.
Progress updates will be compiled into monthly reports for City staff, with aggregated data on outreach outcomes, service referrals, and client milestones.
4. Community Engagement
Community support is essential to long-term success. I will actively participate in public forums, neighborhood association meetings, and City-led community events to promote transparent communication about the City’s homeless response efforts. I will provide education about homelessness, answer resident concerns, and advocate for compassionate, balanced approaches that address both individual and neighborhood needs.
Additionally, I will support public-facing efforts such as resource fairs, winter shelter promotions, and “know your rights” education in partnership with legal aid or health partners. My presence in these settings will serve to humanize the issue, foster goodwill, and build collaborative problem-solving between residents, businesses, and service systems.
5. Documentation and Compliance
I will ensure all program activities are thoroughly documented in alignment with PLHA requirements and applicable regulations. This includes timely and accurate case notes, tracking of deliverables, maintenance of confidentiality, and data entry into HMIS (where applicable). I am well-versed in managing government-funded programs and am meticulous with contract compliance, fiscal accountability, and performance metrics.
Professional Services Agreement
HOMELESS OUTREACH SERVICES, LLC
All documentation will be structured to support program audits, monitoring visits, and grant reporting. I will provide the City with regular summaries that highlight successes, identify gaps, and support strategic planning.
My work approach integrates compassion, accountability, and strategy. By combining on-the-ground engagement with systems-level coordination and regulatory rigor, I will support the City of Pico Rivera in delivering high-impact homeless services that are both humane and effective.
CLIENT REFERENCES
1. Mercy House
Contact: James Brooks, Emergency Service Senior Program Director Phone: (512) 897-3050 | Email: [email protected]
Description: Directed housing navigation services and supported rapid rehousing efforts for individuals experiencing homelessness.
2. Los Angeles County Sheriff’s Department (LASD)
Contact: Seargent Oscar Rodriguez, City of La Mirada
Phone: (562) 902-2973 | Email: [email protected] Description: Collaborated on field outreach and interagency coordination for homelessness response in La Mirada.
3. Personal Reference
Contact: Janiss Diaz
Relationship: Longtime professional colleague
Phone: (714) 276-7140 | Email: [email protected]
Description: Can speak to my professionalism, character, and commitment to community advocacy.
Professional Services Agreement
HOMELESS OUTREACH SERVICES, LLC
EXHIBIT B
APPROVED FEE SCHEDULE
SCHEDULE OF HOURLY RATES
Rate of Pay: $60 per hour
Hours per week: 30-40 hours
I am available on weekdays, weekends, holidays, and on an as-needed basis to ensure continuous support and responsiveness.
Professional Services Agreement
HOMELESS OUTREACH SERVICES, LLC
EXHIBIT C
TERMS FOR COMPLIANCE WITH CALIFORNIA LABOR LAW REQUIREMENTS
1. This Agreement calls for services that, in whole or in part, constitute “public works” as defined in Division 2, Part 7, Chapter 1 (commencing with Section 1720) of the California Labor Code (“Chapter 1”). Further, Consultant acknowledges that this Agreement is subject to (a) Chapter 1 and (b) the rules and regulations established by the Department of Industrial Relations (“DIR”) implementing such statutes. Therefore, as to those Services that are “public works”, Consultant shall comply with and be bound by all the terms, rules and regulations described in 1(a) and 1(b) as though set forth in full herein.
2. California law requires the inclusion of specific Labor Code provisions in certain contracts. The inclusion of such specific provisions below, whether or not required by California law, does not alter the meaning or scope of Section 1 above.
3. Consultant shall be registered with the Department of Industrial Relations in accordance with California Labor Code Section 1725.5 and has provided proof of registration to City prior to the Effective Date of this Agreement. Consultant shall not perform work with any subconsultant that is not registered with DIR pursuant to Section 1725.5. Consultant and subconsultants shall maintain their registration with the DIR in effect throughout the duration of this Agreement. If the Consultant or any subconsultant ceases to be registered with DIR at any time during the duration of the project, Consultant shall immediately notify City.
4. Pursuant to Labor Code Section 1771.4, Consultant’s Services are subject to compliance monitoring and enforcement by DIR. Consultant shall post job site notices, as prescribed by DIR regulations.
5. Pursuant to Labor Code Section 1773.2, copies of the prevailing rate of per diem wages for each craft, classification, or type of worker needed to perform the Agreement are on file at City Hall and will be made available to any interested party on request. Consultant acknowledges receipt of a copy of the DIR determination of such prevailing rate of per diem wages, and Consultant shall post such rates at each job site covered by this Agreement.
6. Consultant shall comply with and be bound by the provisions of Labor Code Sections 1774 and 1775 concerning the payment of prevailing rates of wages to workers and the penalties for failure to pay prevailing wages. The Consultant shall, as a penalty to City, forfeit $200.00 for each calendar day, or portion thereof, for each worker paid less than the prevailing rates as determined by the DIR for the work or craft in which the worker is employed for any public work done pursuant to this Agreement by Consultant or by any subconsultant.
Professional Services Agreement
HOMELESS OUTREACH SERVICES, LLC
7. Consultant shall comply with and be bound by the provisions of Labor Code Section 1776, which requires Consultant and each subconsultant to: keep accurate payroll records and verify such records in writing under penalty of perjury, as specified in Section 1776; certify and make such payroll records available for inspection as provided by Section 1776; and inform City of the location of the records.
8. Consultant shall comply with and be bound by the provisions of Labor Code seq. concerning the employment of apprentices on public works projects. Consultant shall be responsible for compliance with these aforementioned Sections for all apprenticeable occupations. Prior to commencing work under this Agreement, Consultant shall provide City with a copy of the information submitted to any applicable apprenticeship program. Within 60 days after concluding work pursuant to this Agreement, Consultant and each of its subconsultants shall submit to City a verified statement of the journeyman and apprentice hours performed under this Agreement.
9. The Consultant shall not perform Work with any Subconsultant that has been debarred or suspended pursuant to California Labor Code Section 1777.1 or any other federal or state law providing for the debarment of consultants from public works. The Consultant and Subconsultants shall not be debarred or suspended throughout the duration of this Contract pursuant to Labor Code Section 1777.1 or any other federal or state law providing for the debarment of consultants from public works. If the Consultant or any subconsultant becomes debarred or suspended during the duration of the project, the Consultant shall immediately notify City.
10. Consultant acknowledges that eight hours labor constitutes a legal day’s work. Consultant shall comply with and be bound by Labor Code Section 1810.
Consultant shall comply with and be bound by the provisions of Labor Code Section 1813 concerning penalties for workers who work excess hours. The Consultant shall, as a penalty to City, forfeit $25.00 for each worker employed in the performance of this Agreement by the Consultant or by any subconsultant for each calendar day during which such worker is required or permitted to work more than eight hours in any one calendar day and 40 hours in any one calendar week in violation of the provisions of Division 2, Part 7, Chapter 1, Article 3 of the Labor Code. Pursuant to Labor Code section 1815, work performed by employees of Consultant in excess of eight hours per day, and 40 hours during any one week shall be permitted upon public work upon compensation for all hours worked in excess of eight hours per day at not less than one and one-half times the basic rate of pay.
11. California Labor Code Sections 1860 and 3700 provide that every employer will be required to secure the payment of compensation to its employees. In accordance with the provisions of California Labor Code Section 1861, Consultant hereby certifies as follows:
“I am aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for workers’ compensation or to undertake self-insurance in accordance with the Professional Services Agreement
HOMELESS OUTREACH SERVICES, LLC
provisions of that code, and I will comply with such provisions before commencing the performance of the work of this contract.”
12. For every subconsultant who will perform work on the project, Consultant shall be responsible for such subconsultant’s compliance with Chapter 1 and Labor Code Sections 1860 and 3700, and Consultant shall include in the written contract between it and each subconsultant a copy of those statutory provisions and a requirement that each subconsultant shall comply with those statutory provisions. Consultant shall be required to take all actions necessary to enforce such contractual provisions and ensure subconsultant’s compliance, including without limitation, conducting a periodic review of the certified payroll records of the subconsultant and upon becoming aware of the failure of the subconsultant to pay his or her workers the specified prevailing rate of wages.
Consultant shall diligently take corrective action to halt or rectify any failure.
13. To the maximum extent permitted by law, Consultant shall indemnify, hold harmless and defend (at Consultant’s expense with counsel reasonably acceptable to City) City, its officials, officers, employees, agents and independent consultants serving in the role of City officials, and volunteers from and against any demand or claim for damages, compensation, fines, penalties or other amounts arising out of or incidental to any acts or omissions listed above by any person or entity (including Consultant, its subconsultants, and each of their officials, officers, employees and agents) in connection with any work undertaken or in connection with the Agreement, including without limitation the payment of all consequential damages, attorneys’ fees, and other related costs and expenses. All duties of Consultant under this Section shall survive the termination of the Agreement.
To: Mayor and City Council
From: City Manager
Meeting Date: July 21, 2025
Subject: RIGHT-OF-WAY USE AGREEMENT WITH THE GATEWAY CITIES
COUNCIL OF GOVERNMENTS FOR THE REGIONAL FIBER
OPTIC NETWORK
Recommendation:
1. Approve the Right-of-Way Use Agreement with the Gateway Cities Council of Governments (GCCOG) for the installation, maintenance, and operation of the Regional Fiber Optic Network; and
2. Authorize the City Manager to execute the agreement and any necessary amendments, in a form approved by the City Attorney.
Strategic Priority:
3 - Infrastructure - Plan, fund, build, and maintain reliable and cost-effective infrastructure that contributes to enhancing quality of life Strategy:
3.4 Facilitate a high-level of maintenance of City infrastructure to reduce increased costs from prolonged deferral.
Fiscal Impact:
There is no immediate fiscal impact to the General Fund associated with approving the Right-of-Way Use Agreement. The installation, maintenance, and operation of the fiber network are fully funded by the Gateway Cities Council of Governments (GCCOG) through external state grant funds.
To support project delivery, the City of Pico Rivera (City) will issue no-cost encroachment permits and may incur minor administrative costs related to staff coordination, review of construction drawings, and traffic control plans, as well as field inspections during construction. These are not anticipated to be significant. These costs can be absorbed into the Public Works’ Fiscal Year (FY) 2025-26 maintenance and operations budget.
In the future, if the City wishes to utilize the provided dark fiber strands, there may be 14 CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025
RIGHT-OF-WAY USE AGREEMENT WITH THE GATEWAY CITIES COUNCIL OF
GOVERNMENTS FOR THE REGIONAL FIBER OPTIC NETWORK
costs associated with installing electronics, connections, and other equipment necessary to activate the network. Additionally, if relocation of the fiber infrastructure is required due to future City projects, the agreement specifies that such relocation costs will be the City’s responsibility. Should any such expenses arise, staff will return to the City Council for separate approval.
Background:
The GCCOG, of which the City is a member, is advancing a major broadband infrastructure initiative aimed at addressing long-standing gaps in digital access across Southeast Los Angeles. With support from a $46.1 million grant from the California Public Utilities Commission (CPUC) and in collaboration with the California Department of Technology (CDT), GCCOG is leading the deployment of the Gateway Cities Regional Fiber Optic Network (RFON), a $103 million effort focused on bridging the “last-mile” between the State’s middle-mile backbone and local communities. The “last-mile” refers to the final stretch of broadband infrastructure that connects the main network to individual buildings, such as homes, businesses, and public facilities: often the most difficult and costly segment to build.
Traditionally, internet infrastructure has been left to private providers, who have often underinvested in lower-income or underserved neighborhoods. This regional initiative reflects a strategic shift, empowering local governments to proactively expand broadband access where private investment has fallen short. The project’s goal is to promote digital equity, affordability, and access, while creating new opportunities for economic development, education, and public service delivery.
The City, as part of its broader vision to modernize infrastructure and support connected communities, is participating in this effort to bring high-speed broadband fiber into the City’s rights-of-way, connecting City Hall and laying the foundation for expanded broadband access in the future.
Discussion:
The RFON is designed to integrate with the State’s publicly funded Middle-Mile Broadband Initiative and will result in approximately 885,000 linear feet of new fiber optic infrastructure across the Gateway Cities region. This includes both underground and aerial installations, all routed through existing public rights-of-way and utility poles to maximize efficiency and reduce disruption. The project is expected to connect over 4,000 unserved locations, as defined by CPUC standards.
Within Pico Rivera, the proposed route includes a mix of underground and aerial fiber installation through key transportation corridors, including Washington, Whittier, Rosemead, Beverly, and Passons Boulevards. GCCOG will coordinate directly with the City’s designated staff throughout the design and construction process and will provide as-built maps within 60 days of construction completion.
CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025
RIGHT-OF-WAY USE AGREEMENT WITH THE GATEWAY CITIES COUNCIL OF
GOVERNMENTS FOR THE REGIONAL FIBER OPTIC NETWORK
In exchange for granting access to the City’s right-of-way at no cost, the agreement provides the City with two strands of dark fiber for municipal, non-commercial use. Dark fiber refers to unlit fiber optic lines that can be activated by the user with their own equipment, offering fast and secure connectivity. These strands will be maintained by GCCOG for the useful life of the asset, though the City will be responsible for procuring any equipment or electronics necessary to utilize the strands.
While the agreement grants GCCOG lifetime access to the City’s rights-of-way, this is consistent with its approach across all 27 member cities, and GCCOG has clarified it will not be modifying its master agreement terms on a city-by-city basis. The agreement includes standard indemnity and dispute resolution provisions, mutual protections, and outlines each party’s responsibilities regarding damage, relocation, and coordination.
Overall, the benefits to the City, particularly access to high-speed broadband infrastructure at no cost, are substantial and align with Pico Rivera’s priorities around connectivity, modernization, and digital inclusion.
Conclusion:
Staff recommends approval of the Right-of-Way Use Agreement to allow this important regional infrastructure to move forward.
Steve Carmona
SC:VHF:pg
Enclosure: 1) Right-of-Way Use Agreement
1 RIGHT-OF-WAY USE AGREEMENT
BETWEEN THE CITY OF PICO RIVERA
AND THE GATEWAY CITIES COUNCIL OF GOVERNMENTS
FOR THE GATEWAY CITIES REGIONAL FIBER OPTIC NETWORK
This Right-of-Way Use Agreement (“Agreement”) is made by and between the City of Pico Rivera (“City”) and the Gateway Cities Council of Governments (“GCCOG”). City and GCCOG are each a “Party” and collectively known as the “Parties.”
RECITALS
A. GCCOG has entered into a Joint Build Agreement with the California Department of Technology (“CDT”) and has been awarded a grant by the California Public Utilities Commission (“CPUC”) to design and construct the Gateway Cities Regional Fiber Optic Network (“GCRFON”), for the purpose of furthering digital equity and expanding connectivity, competition, affordability, and access for its participating member cities.
B. City desires to participate in the GCRFON project and grant GCCOG the right to use certain portions of its public rights-of-way (“ROW”) for the purpose of installing, maintaining, and operating the GCRFON, as more fully set forth herein.
C. The City Council determines that participating in the GCRFON project serves the public interest, is beneficial for the broadband connectivity of City facilities, and creates an opportunity for greater broadband connectivity for its residents and businesses.
NOW, THEREFORE, in consideration of the mutual promises and agreements hereinafter contained, the Parties agree as follows:
1. GCCOG AUTHORIZATION TO ENCROACH UPON CITY PUBLIC RIGHTS-OF-WAY A. Authorization. City hereby grants GCCOG a license to encroach under, on, and along its ROW for the purpose of the installation, maintenance, and operation of the GCRFON upon various portions of City ROW, as more specifically depicted in Exhibit A attached hereto and incorporated herein, as may be modified or changed in the final design. GCCOG shall not be required to pay any fees or to obtain any other license or permit from City for the purpose of installing, maintaining, and/or operating the GCRFON.
B. Term. This license is granted in perpetuity.
C. City’s Use of the GCRFON. City shall have the right to utilize two (2) strands of dark fiber, for non-commercial purposes, along the path preliminarily identified in Exhibit A attached hereto and incorporated herein, as may be modified or changed in the final design (“City Strands”). No rent or license fee shall be payable to GCCOG from City for City’s use of the City Strands. GCCOG, at no cost to City, shall maintain the City Strands for the useful life of the asset, and City shall provide at City’s cost, all electronics, Enclosure 1
14a
2 connections, and other improvements and equipment needed to utilize the City Strands.
City shall not have the right to transfer or assign the use of the City Strands.
2. GCCOG’S RESPONSIBILITIES
A. Construction. GCCOG shall communicate and coordinate with City staff regarding the design and construction of the GCRFON. GCCOG shall provide to City staff completed engineering plans, traffic control plans, dates and schedules for construction activities, and other construction details as may arise. GCCOG shall provide City with asbuilt maps within sixty (60) days of completion of construction and final inspections.
B. Damage to Property. GCCOG shall assume all responsibility for all damage to property (including the GCRFON) that may arise from or be caused by GCCOG’s performance under this Agreement or by the performance of any other party which GCCOG directly or indirectly employs to perform under this Agreement. Any damage to any property or public right-of-way resulting from the installation, maintenance, and operation of the GCRFON by GCCOG shall be caused to be repaired by GCCOG at no expense to City and to the reasonable satisfaction of City.
C. Relocation. GCCOG shall remove or relocate, at City’s cost and/or expense, the GCRFON, or any part of it, if and when made necessary by either the installation, abandonment, change of grade, alignment or width of any street, sidewalk or other public facility or the construction, maintenance or operation of any City or other public agency underground or aboveground facilities (including, by way of example and not limitation, any sewer, storm drain, conduits, gas, water, electric or other utility systems or pipes), provided that City or other public agency is acting in its governmental capacity.
In the event all or any portion of any ROW occupied by GCRFON is needed by City or other public agency for a governmental purpose or in the event the existence of GCRFON or any part of it shall be considered detrimental to the public health, safety, welfare, or convenience or to governmental activities including, but not limited to, interference with City or other public agency construction projects, or is in conflict vertically and/or horizontally with any proposed City or other public agency installation, GCCOG shall remove and relocate GCCOG Fiber Network or the involved part of it, at City’s or other public agency’s cost and/or expense, to such other location or locations in the public rights-of-way as may be designated by City or other public agency. City or other public agency must provide written notice to GCCOG at least one hundred eighty (180) days in advance of the need for such removal or relocation.
D. Dig Alerts. GCCOG shall become a member of the Underground Service Alert of Southern California (“DigAlert”) and agrees to maintain and keep current its membership in DigAlert throughout the term of this Agreement, and to comply with applicable noticing and other requirements.
3. CITY RESPONSIBILITIES
To facilitate GCCOG’s buildout of the GCRFON with minimal disruption to the general 3 public, City agrees, to the best of its ability during the construction period, to cooperate with GCCOG to coordinate the design and construction of the GCRFON, including, but not limited to, traffic management and notices to residents and businesses. City shall designate a point-of-contact for communications with GCCOG for GCRFON-related activities. The City Manager or designee shall have the authority to issue any needed approvals on behalf of City regarding the GCRFON.
4. OTHER TERMS
A. Responsibility for Costs. Except as specified otherwise herein, each Party will be responsible for and bear its own costs and expenses incurred at any time in connection with the performance of its responsibilities under this Agreement.
B. Dispute Resolution.
i. If a dispute arises between the parties relating to this Agreement, the Parties agree to use the following procedure prior to resorting to judicial relief by a court of competent jurisdiction: A meeting shall be held promptly between the Parties, attended by individuals with decision-making authority regarding the dispute, to attempt in good faith to negotiate a resolution of the dispute. If, within thirty (30) days after such meeting, the Parties have not succeeded in negotiating a resolution of the dispute, they agree to submit the dispute to mediation in accordance with and pursuant to the rules of Judicial Arbitration and Mediation Services (“JAMS”), as amended or as augmented in this Agreement. Each Party shall pay their own costs of mediation. The Parties shall jointly appoint a mutually acceptable mediator, seeking assistance in such regard from the JAMS if they have been unable to agree upon such appointment within twenty (20) days from the conclusion of the negotiation period. The Parties agree to participate in good faith in the mediation and negotiations related thereto for a period of thirty (30) days. ii. If the Parties are not successful in resolving the dispute through mediation as described above, the Parties may pursue any remedy at law or in equity by a court of competent jurisdiction.
iii. Notwithstanding the provisions of this subsection, either Party shall be entitled to seek declaratory and injunctive relief in any court of competent jurisdiction to enforce the terms of this Agreement or to enjoin the other Party from an asserted breach thereof on a showing that the moving Party would otherwise suffer irreparable harm.
C. Indemnity and Defense.
i. GCCOG shall defend, indemnify, and hold City, its elected officials, officers, agents, employees, and volunteers, harmless from and against any and all liability, loss, expense, including reasonable attorneys’ fees, or claims for injury or damages arising out of the performance of this Agreement, but only in proportion to and to the extent such liability, loss, expense, attorneys’ fees, or claims for injury or damages are caused by or result from the negligent or intentional acts or omissions of GCCOG, its 4 officers, agents, or employees.
ii. City shall defend, indemnify and hold GCCOG, its officers, employees, and agents harmless from and against any and all liability, loss, expense, including reasonable attorneys’ fees, or claims for injury or damages arising out of the performance of this Agreement, but only in proportion to and to the extent such liability, loss, expense, attorneys’ fees, or claims for injury or damages are caused by or result from the negligent or intentional acts or omissions of City, its officers, agents, employees.
D. Notices. All notices required or provided for under this Agreement shall be in writing, delivered in person or by certified mail, return receipt requested, addressed to the parties as indicated, below. Any notice so delivered shall be effective on the date of its delivery. Any party may change its address for notice by giving ten (10) days’ notice of such change in the manner provided for in this paragraph. Notices may be served as follows:
To City: City of Pico Rivera
6615 Passons Blvd
Pico Rivera, CA 90660
Attention: City Manager
To GCCOG: Gateway Cities Council of Governments
16401 Paramount Blvd
Paramount, CA 90723
Attention: Executive Director
E. Applicable Law and Venue. This Agreement shall be governed by the laws of the State of California. Any dispute or controversy arising under or related in any way to this Agreement shall be adjudicated by a state court of competent jurisdiction located in Los Angeles County, California.
F. Prevailing Party. If any legal action is necessary to enforce any provision hereof or for damages by reason of an alleged breach of any provisions of this Agreement, the prevailing Party shall be entitled to receive from the losing party reasonable costs and expenses in such amount as the court or arbitrator may adjudge to be reasonable attorney's fees and costs incurred by the prevailing Party in such action or proceeding.
G. Assignment. GCCOG may sell, assign, transfer or lease any interest in those portions of the GCCOG Fiber Network within the City or assign or transfer any of its rights or obligations in this Agreement with prior written notice to City.
H. No Waiver. A waiver by either Party of any breach of any term, covenant or condition contained in this Agreement shall not be deemed to be a waiver of any subsequent breach of the same or any other term, covenant or condition contained in this agreement, whether of the same or different character.
5 I. Severability. If any part of this Agreement is held invalid, the remaining terms and conditions shall not be affected unless their enforcement under the circumstances would be unreasonable, inequitable, or otherwise frustrate the purposes of this Agreement.
J. Independent Contractor. The Parties are independent entities and are not to be, and shall not be, construed as joint venturers, partners, employer/employee, or agents one of the other, and neither shall have the power to bind or obligate the other except as set forth in this Agreement.
K. Construction. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises with respect to this Agreement, this Agreement shall be construed as if drafted jointly by the Parties and in accordance with its fair meaning. There shall be no presumption or burden of proof favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement.
L. Captions. The captions herein are for convenience and references only and are not a part of this Agreement and do not in any way limit, define or amplify the terms and provisions hereof.
M. Entire Agreement. This Agreement, including Exhibits A and B attached hereto, constitutes the entire agreement between the Parties and supersedes any previous oral or written agreements with respect to the subject of this Agreement. No amendment or modification to the Agreement shall be valid and binding unless in writing and signed by authorized representatives of the Parties.
N. Authority to Execute this Agreement. Each person executing this Agreement on behalf of a Party warrants and represents that they have the authority to execute this Agreement on behalf of that Party and the authority to bind that Party to the provisions of this Agreement.
O. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of such counterparts together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the authorized representatives of the Parties have caused this Agreement to be executed as of the date of the last signature below. [SIGNATURE PAGE FOLLOWS]
6 CITY OF PICO RIVERA GATEWAY CITIES COUNCIL OF GOVERNMENTS ______________________________ ___________________________________ Steve Carmona, City Manager Hector De La Torre, Executive Director Dated: ________________________ Dated: _____________________________ ATTEST: APPROVED AS TO FORM:
___________________________ ___________________________________ Cynthia Ayala, City Clerk Arnold M. Alvarez-Glasman, City Attorney
EXHIBIT A
City Route Design
Route Description Based on Current Design
Around Hasty Avenue and Telegraph Road, underground begins and runs East about .38 miles along the City’s border.
An underground route begins at the San Gabriel River and runs West .50 miles, across Passons Boulevard. It continues North along the west side of Passons Boulevard for .44 miles before changing to aerial. Aerial remains along Passons Boulevard for 1 mile North before changing back to underground for .08 miles, to Whittier Boulevard. At Whittier Boulevard, underground runs East for .46 miles before reaching the city border. It also runs West .40 miles along Whittier Boulevard, under Rosemead Boulevard. For .67 miles North, the underground route runs along Rosemead Boulevard and then West at Beverly Boulevard for .60 miles.
At the Paramount Boulevard and Beverly Boulevard intersection, there is an underground route running North .22 miles along Paramount Boulevard.
EXHIBIT B
Gateway Cities Regional Fiber Optic Network Design
To: Mayor and City Council
From: City Manager
Meeting Date: July 21, 2025
Subject: PICO RIVERA INNOVATIVE MUNICIPAL ENERGY RESIDENTIAL
PEAK DEMAND RESPONSE INCENTIVE PROGRAM
Recommendation:
1. Approve the Pico Rivera Innovative Municipal Energy (PRIME) residential peak demand response incentive program; and
2. Authorize the City Manager or his designees to negotiate and execute program contracts and policies, if applicable, on behalf of the City with concurrence from the City Attorney.
Strategic Priority:
1 - Fiscal & Organizational Sustainability - Create a City government build to adapt to change
Strategy:
1.2 Identify and implement opportunities for financial efficiency.
Fiscal Impact:
There is no fiscal impact to the General Fund. The Demand Response (DR) incentive program is designed to help participating residential customers lower their energy bills by shifting energy usage away from peak hours, particularly during high grid demand events.
Although this program is expected to deliver cost savings for the PRIME portfolio and its customers, the actual savings will depend on the level of resident participation.
Background:
The City of Pico Rivera (City) launched its Community Choice Aggregation (CCA) program, Pico Rivera Innovative Municipal Energy (PRIME), in partnership with the California Choice Energy Authority (CalChoice), a joint powers authority (JPA) composed of eight (8) CCAs across Southern California. This partnership enables local control over electricity procurement while leveraging shared administrative, regulatory, and energy 15 CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025
PICO RIVERA INNOVATIVE MUNICIPAL ENERGY RESIDENTIAL PEAK DEMAND
RESPONSE INCENTIVE PROGRAM
market resources to reduce costs and increase program effectiveness. PRIME began serving customers on September 1, 2017, with the goal of delivering cleaner energy, stable rates, and long-term savings to the community.
In August 2023, the City Council adopted the PRIME Power Choice Program, a residential solar and battery storage initiative developed in partnership with CalChoice, Tesla, and Participate.Energy (P.E.). This program democratizes solar systems by providing equipment and installation without upfront costs or credit checks. The program was designed to help customers save on their monthly energy bills, maintain reliable backup power in the event of outages, and support PRIME in reducing grid stress during peak demand periods.
While the PRIME Power Choice Program has been helpful for most residents, the structure of the program did not present a financially logical option for California Alternate Rates for Energy (CARE) customers. CARE is a program which provides income-qualified households with discounted utility rates. Many CARE customers found that participating in the standard program could result in higher monthly costs compared to their existing CARE benefits.
To address this gap and ensure equitable access, the City launched PRIME Power Choice CARE in April 2025, an income-qualified version of the program that enables eligible residents to receive solar and battery storage systems with no upfront costs or credit checks, at approximately half the cost of the traditional Power Choice Program. The program is administered in alignment with the California Public Utilities Commission’s (CPUC) Self-Generation Incentive Program (SGIP) and includes assistance with enrollment, technical support, and funding access for related upgrades.
Discussion:
As a condition of SGIP participation, the CPUC requires that customers also enroll in an approved Demand Response program for a minimum of 10 years. To comply with this requirement and ensure program eligibility, the City has developed the PRIME Residential Peak Demand Response Incentive Program.
This DR program supports grid reliability and encourages residents to reduce electricity usage during peak periods by offering:
• Lower baseline energy rates during non-event periods; • Incentivized rate signals during peak demand periods (typically 4:00 p.m. to 9:00 p.m.) when a DR event is called;
• Load Reduction Adder Charges for electricity drawn from the grid during event periods, to encourage conservation or battery discharge.
CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025
PICO RIVERA INNOVATIVE MUNICIPAL ENERGY RESIDENTIAL PEAK DEMAND
RESPONSE INCENTIVE PROGRAM
PRIME staff may call up to 15 DR events per calendar year. These efforts align with CPUC’s statewide objectives to manage grid stress, prevent outages, and reduce reliance on fossil-fuel peaker plants.
Importantly, customer participation in PRIME’s DR program also strengthens the City's ability to manage Resource Adequacy (RA) obligations. By reducing peak load at scale, PRIME can lower its RA allocation requirements, which are determined in part by a CCA’s coincident peak demand. These RA allocations have resulted in significant costs, millions of dollars per month during the summer season. Therefore, this program presents an opportunity not only to meet regulatory mandates, but also to achieve substantial financial savings for the PRIME portfolio and its customers.
By implementing this DR program, the City complies with CPUC requirements while furthering equitable access to clean energy, advancing grid resiliency, and promoting long-term cost savings.
Conclusion:
Staff recommends approval of the PRIME Residential Peak Demand Response Incentive Program to fulfill regulatory requirements, reduce PRIME’s peak load profile, strengthen long-term financial sustainability through lower RA obligations, and empower customers to take part in energy conservation.
Steve Carmona
SC:VHF:pg
Enclosure: 1) PRIME Residential Peak Demand Response Terms and Conditions 1 PICO RIVERA INNOVATIVE MUNICIPAL ENERGY
FLEXWISE
Residential Program Participants Schedule
Welcome to FlexWise, Pico Rivera’s peak load reduction demand response program (“Program”) Program Applicability:
This Program schedule is optional for PRIME residential customers on rates TOU-D-PRIME, TOU-D-4, and TOU-D-5 who have an interval meter, or an Edison SmartConnect meter installed and program ready.
General terms and conditions:
Participants must meet the following eligibility requirements to participate in the Program:
1. You must be a Pico Rivera Innovative Municipal Energy (“PRIME”) electricity account holder.
2. You must be on a residential rate for the duration of the Program.
3. Customers on Medical Baseline discount are not eligible for the Program.
4. You must be at least eighteen (18) years old.
5. The service account must be serviced by a Southern California Edison (SCE)-approved smart meter (“Smart Meter”).
6. Your account may not be enrolled in SCE’s Summer Discount Program (SDP), other SCE Demand Response (DR) programs, or any other third-party DR programs. Customers enrolled in any of these programs must disenroll prior to enrolling in the PRIME program.
7. In all cases, you must have an online SCE account, which will be able to give PRIME access to your meter data pursuant to SCE Rule 24. If you do not have an SCE login, you will be prompted to create one before you can sign up for the Program.
8. You must agree to and comply with these Terms and Conditions.
Territory:
Program available to PRIME customers served within the entire territory served.
Special Conditions:
FlexWise is an event-based pricing option which provides bill credits during summer Non-Event Credit Periods and incremental bill charges for load service by PRIME during FlexWise Event Charge Periods.
No FlexWise credits will be provided for exported generation, i.e., energy produced and exported by the customer’s generating facility, during FlexWise Non-Event Periods.
Enclosure 1
15a
2 PICO RIVERA INNOVATIVE MUNICIPAL ENERGY
FLEXWISE
Residential Program Participants Schedule
(continued)
Applicable rate periods are defined as follows:
a. FlexWise Event Periods:
FlexWise Event Energy Charge Periods: 4:00 p.m. to 9:00 p.m. Summer and Winter days during a FlexWise Event only.
FlexWise Non-event Demand Credit Periods: 4:00 p.m. to 9:00 p.m. Summer Season when a FlexWise Event is NOT occurring.
b. FlexWise Events: PRIME may, at its discretion, call a FlexWise Event any day. FlexWise Events will be called based on any of the following criteria:
1) California Independent System Operator (CAISO) Alert or Warning Notice, 2) Forecasts of SCE system emergencies – may be declared at the generation, transmission, or distribution level
3) Forecasts of extreme or unusual temperature conditions impacting system demand 4) Day-ahead load and/or price forecasts
c. Number of FlexWise Events: There will be a minimum of 12 FlexWise events and a maximum of 15 FlexWise Events per calendar year.
d. Notification of FlexWise Event: PRIME will notify customers of a FlexWise Event via PRIME’s notification system. Customers are responsible for providing PRIME with contact information consisting of a telephone number, electronic mail address, and/or SMS text number for notification of Events. Customers are responsible for updating customer contact information as necessary. PRIME will begin to notify customers no later than 3:00 p.m. the day before a FlexWise Event. Customers are responsible for all charges incurred during a FlexWise Event, even if notice is not received. Customers who fail to provide the necessary contact information prior to FlexWise Events are responsible for all charges incurred during FlexWise Events. e. Participation in other Programs: Only PRIME customers shall be served under schedule FlexWise. Medical Baseline customers and Customers served under DM, DMS-1, DMS-2, TOU-EV1, and S, are not eligible for service under this Schedule. Customers served under this schedule are not eligible to dually enroll in any demand response program offered by PRIME or any thirdparty administered demand response program. 3 PICO RIVERA INNOVATIVE MUNICIPAL ENERGY
FLEXWISE
Residential Program Participants Schedule
(continued)
Holidays are New Year’s Day (January 1), Presidents’ Day (third Monday in February), Memorial Day (last Monday in May), Independence Day (July 4), Labor Day (first Monday in September), Veterans Day (November 11), Thanksgiving Day (fourth Thursday in November), and Christmas Day (December 25).
When any holiday listed above falls on Sunday, the following Monday will be recognized as a holiday. No change will be made for holidays falling on Saturday.
The Summer Season shall commence at 12:00 a.m. on June 1 and continue until 12:00 a.m. on October 1 of each year. The Winter Season shall commence at 12:00 a.m. on October 1 of each year and continue until 12:00 a.m. on June 1 of the following year. 4 PICO RIVERA INNOVATIVE MUNICIPAL ENERGY
FLEXWISE
Residential Program Participants Schedule
(continued)
FlexWise Peak DR Program Rates:
Offers up to 30% discount from PRIME’s standard rates
TOU-D-PRIME
Non-Event Energy Charges SUMMER
June 1-October 31
WINTER
November 1 - May 31
PEAK $0.28074 $0.33894
MID-PEAK $0.10307 $0.08652
OFF-PEAK $0.10063 $0.08652
Peak Load Reduction Adder (per kWh)
applicable on called event days $0.80000 $0.80000
TOU-D-4
Non-Event Energy Charges SUMMER
June 1-October 31
WINTER
November 1 - May 31
PEAK $0.20166 $0.22122
MID-PEAK $0.12697 $0.14341
OFF-PEAK $0.11910 $0.12410
Peak Load Reduction Adder (per kWh)
applicable on called event days $0.80000 $0.80000
TOU-D-5
Non-Event Energy Charges SUMMER
June 1-October 31
WINTER
November 1 - May 31
PEAK $0.29872 $0.30477
MID-PEAK $0.17428 $0.14231
OFF-PEAK $0.11068 $0.11272
Peak Load Reduction Adder (per kWh)
applicable on called event days $0.80000 $0.80000
To: Mayor and City Council
From: City Manager
Meeting Date: July 21, 2025
Subject: FOURTH QUARTER TREASURER’S REPORT AND THE
MONTHLY INVESTMENT TRANSACTION REPORT AS OF
JUNE 30, 2025 – FISCAL YEAR 2024-2025
Recommendation:
1. Receive and file the Treasurer’s Report for the quarter ending June 30, 2025, which represents balances and activities for the fourth quarter (April through June) of the 2024-25 fiscal year; and
2. Receive and file the Treasurer’s Monthly Investment Transaction Report as of June 30, 2025.
Strategic Priority:
1 - Fiscal & Organizational Sustainability - Create a City government build to adapt to change
Strategy:
1.1 Build a more transparent and sustainable fiscal system to improve trust and efficiency.
Fiscal Impact:
There is no fiscal impact to 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 cash and investment activity for the City of Pico Rivera’s (City) cash and investment portfolio for the fiscal year (FY) 2024-25 fourth quarter ending June 30, 2025. The report provides information on assets, allocations, average maturities, yields, and valuations for each of the three (3) portfolios. 16 CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025 FOURTH QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF JUNE 30, 2025 – FISCAL YEAR 2024-2025
A discussion of market conditions is included to give additional perspective to these measurements.
As of June 30, 2025, the City's cash and 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 fourth quarter.
Total Pooled Cash and Investments during the quarter totaled $146,126,489. The aggregate amount consisted of $8,684,048 in the City’s operating accounts with its banking partner Commercial Bank of California (CBC), $21,898,584 with CBC Insured Cash Sweep (ICS) Account, $80,819,583 in the State Treasurer’s Local Agency Investment Fund (LAIF) and $34,724,274 managed by Chandler Asset Management (Chandler). The City also had $885,691 held by various Trustee Accounts, all related to the City’s bond issues (1999 Water Revenue Bonds, etc.).
The 2018 Certificates of Participation, Series A, managed by Wilmington Trust, have an ending balance of $1,653,921, representing the remaining unspent proceeds. These funds have been invested in Money Market Funds to ensure both stable returns and liquidity.
The Pico Rivera Innovative Municipal Energy (PRIME), an Enterprise Fund, has two (2) 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 $18,490,315 as of June 30, 2025. The second account, the Public Fund account, receives Electronic Data Interchange collection payments and executes vendor payments for energy purchases. As of June 30, 2025, the Public Fund account had an ending balance of $1,082,982.
Chandler Asset Management Managed Portfolio
The City entered into a discretionary investment advisory agreement in December 2017 with Chandler, a Securities and Exchange Commission 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 a 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.
To ensure the portfolio's safety, investments with 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 CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025 FOURTH QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF JUNE 30, 2025 – FISCAL YEAR 2024-2025
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 market value of the June 30, 2025, portfolio is $34,724,274, an increase of $452,908 from the market value of $34,271,366 on March 31, 2025. In the period ending June 30, 2025, the portfolio held a diverse set of investments, holding eight (8) different security types. The largest security holding consists of Treasury Securities of $15,079,538. 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, Modified Duration (bond sensitivity of price that may change in interest rates during duration).
Table 1 - Portfolio Holding Report
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CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025 FOURTH QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF JUNE 30, 2025 – FISCAL YEAR 2024-2025
The Investments by Type chart (Chart 1) reflects the makeup of the portfolio holdings by security type. The portfolio holds 43% in US Treasuries (government treasury bonds, notes, and bills), 26% in corporate medium-term notes, 6% of total investments in federal agency securities, 10% in asset-backed securities, and 9% in agency commercial mortgage-backed securities, which are backed by a pool of assets. The remaining investments are in supranational securities, money market funds, and cash reserves.
Chart 1 - Investments by Type
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CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025 FOURTH QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF JUNE 30, 2025 – FISCAL YEAR 2024-2025
The Investment Rating chart (Chart 2) illustrates the investment grade of the portfolio’s holdings. This rating provides the City with assurance regarding the quality and risk associated with the holdings’ investment grade. As the chart below demonstrates, 97.8% of the total portfolio consists of investments rated “A” or higher. As of June 30, 2025, the portfolio experienced a slight increase in this rating of 0.2% from March 31, 2025. Agency bonds and securities generally carry the same rating as the U.S. government, which is currently rated Aa1 by Moody’s, and AA+ by both S&P and Fitch Ratings. Staff will continue to monitor and work with the City’s investment advisor to ensure the investment portfolio is sound.
Chart 2 - Investment Ratings
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CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025 FOURTH QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF JUNE 30, 2025 – FISCAL YEAR 2024-2025
The City’s portfolio remains highly rated, liquid, and well-positioned to withstand economic uncertainties. Recent economic data suggests slower growth in 2025 and greater market uncertainty as the effects of fiscal policy unfold. This caused continued volatility in the market during the quarter. Some components of inflation have remained sticky as core Personal Consumption Expenditures levels remain above the Federal Reserve’s (Fed) 2% inflation target. Over the fourth quarter of FY 2024-25, US Treasury yields on shortterm bonds declined, driven by slowing economic growth and higher inflation expectations.
Local Agency Investment Funds (LAIF)
The Pico Rivera Pooled Investment Portfolio is invested in LAIF to manage liquidity while earning a competitive return. The LAIF March 31, 2025, market value represents a total of $71,829,889, and the June 30, 2025, market value of $80,819,583. The balance increased by $8.9 million compared to the previous quarter. This increase was primarily driven by General Fund revenues received of approximately $24 million during the fourth quarter, offset by expenditures totaling nearly $12.4 million. City Staff strategically leveraged the timing of this cash flow by investing excess funds into LAIF and Commercial Bank of California Insured Sweep Account (ICS) to maximize earnings on idle cash while maintaining sufficient liquidity to meet short-term operational needs.
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 that administrative costs may not exceed 5% of the fund's quarterly earnings. The characteristics of the LAIF portfolio reflect minimal credit risk and safety in investing in high-quality securities. LAIF funds are protected by statutes and are not borrowable.
Graph 1 shows the comparison of LAIF to the City’s portfolio managed by Chandler, highlighting the differences in investment security types and portfolio duration. Whereas LAIF takes a more conservative approach and focuses on securities with shorter average maturity, LAIF and Chandler follow similar investment guidelines for safety, liquidity, and return.
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CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025 FOURTH QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF JUNE 30, 2025 – FISCAL YEAR 2024-2025
Graph 1 – LAIF and CAM from
June 2018 through June 2025
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, wherein the market yield curve inverted. This stems from LAIF having a shorter weighted-average maturity than the Chandler-managed portfolio, so it responds more quickly to 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 fourth quarter of this fiscal year, the Chandlermanaged portfolio reinvested $2.7 million in investment income and maturing securities at an average purchase yield of 4.15%.
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. 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 established an ICS account with its banking partner, CBC, in August 2023. This 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 account also enhances the City’s liquidity, providing same-day liquidity to meet its short-term obligations and capitalizing on the current interest rates, safeguarding our long-term investments.
CITY COUNCIL AGENDA REPORT – SPECIAL MEETING OF JULY 21, 2025 FOURTH QUARTER TREASURER’S REPORT AND THE MONTHLY INVESTMENT TRANSACTION REPORT AS OF JUNE 30, 2025 – FISCAL YEAR 2024-2025
As of June 30, 2025, the ICS account had an ending balance of $21,898,584, compared to $15,906,599 on March 31, 2025. The balance increased by $5.9 million compared to the previous quarter. Similarly, as with LAIF, Staff strategically allocates idle cash into ICS to diversify its investments and ensure protection and accessibility of funds.
Monthly Investment Transaction Report
Per the City’s Investment Policy approved by the City Council on June 11, 2024, 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 June 30, 2025. 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 for FY 2024-25. 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 June 30, 2025, which represents balances and activities for the fourth quarter (April through June) of FY 2024-25 and the Treasurer’s Monthly Investment Transaction Report as of June 30, 2025.
Steve Carmona
SC:JG:JA:YL:ep
Enclosure(s): 1) Treasurer’s Report for the Fourth Quarter Ending June 30, 2025. 2) LAIF Statement for the Month Ending June 30, 2025.
3) Chandler Asset Management Transaction Ledger for the Month Ending June 30, 2025.
4) Commercial Bank of California Insured Cash Sweep Statement for the Month Ending June 30, 2025.
CITY OF PICO RIVERA
TREASURER'S REPORT4TH QTR APR 2025 - JUN 2025TYPE OF INVESTMENT Interest Rate Issuer Reporting Date Investment Income Ending Balance Source of Market ValuationCommercial Bank of California (CBC) Demand Deposits 0.05% CBC 6/30/2025 156 8,684,048 CBC StatementsCBC Insured Cash Sweep (ICS) Account 4.30% CBC 6/30/2025 191,958 21,898,584 CBC ICS Statement Local Agency Investment Fund (LAIF) 4.48% LAIF 6/30/2025 - 80,819,583 LAIF Statements Chandler Investments* 4.17% Chandler Investments 6/30/2025 349,371 34,724,274 Chandler Portfolio Summary TOTAL CASH & INVESTMENTS: Exclude Water Fund 550 TOTAL CASH & INVESTMENTS: 541,485 146,126,489 - -
Revenue Bonds, 1999 Bond Fund Water Authority 122073-001 US Bank 6/30/2025 263 35,540 US Bank/RECON StatementsRevenue Bonds, 1999 Bond Fund Water Authority 122073-002 US Bank 6/30/2025 1,066 26,285 US Bank/RECON StatementsRevenue Bonds, 1999 Bond Fund Water Authority 122073-003 US Bank 6/30/2025 7,815 219,559 US Bank/RECON StatementsRevenue Bonds, 1999 Water Rate Stabilization 122073-011 US Bank 6/30/2025 5,951 600,000 US Bank/RECON StatementsRevenue Bonds, 2021 Tax Allocation Refunding Bonds 245558-001 US Bank 6/30/2025 21 21 US Bank/RECON Statements Revenue Bonds, 2021 Tax Allocation Refunding Bonds 245558-002 US Bank 6/30/2025 41 4,286 US Bank/RECON Statements TOTAL FISCAL AGENT (TRUSTEE) INVESTMENTS TOTAL (TRUSTEE) INVESTMENTS: 15,156 885,691 - -
TOTAL CASH & TRUSTEE INVESTMENTS: 556,641 147,012,180
Dividends Ending Balance
2018 COPS 130877 Wilmington Trust 6/30/2025 27,603 1,653,921 Wilmington Trust Statement TOTAL 2018 COPS: 27,603 1,653,921
ENTERPRISE FUNDS Interest earned Ending Balance River City Bank (PRIME) River City Bank ICS Account 6/30/2025 193,593 18,490,315 River City Bank River City Bank (PRIME) River City Bank Operating Account 6/30/2025 - 1,082,982 River City Bank TOTAL RIVER CITY BANK: 193,593 19,573,298
Jane GuoDirector of Administrative Services and City Treasurer, City of Pico Rivera 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. * 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.
Enclosure 1
16a
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
July 01, 2025
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
June 2025 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 69,866,302.49
Total Withdrawal: 0.00 Ending Balance: 69,866,302.49
Enclosure 2
16b
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
July 01, 2025
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
June 2025 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 10,953,280.57
Total Withdrawal: 0.00 Ending Balance: 10,953,280.57
Settlement Date
Transaction
Category Transaction Type Security Description Quantity Price Principal Interest Total Amount 6/10/2025 Acquisitions Buy WFCIT 2025-1 A 4.34 05/15/2030 270,000.00 0.99998 269,995.52 - 269,995.52 6/11/2025 Acquisitions Buy FIRST AMER:GVT OBLG Y 1.00000 1,771,105.19 1,771,105.19 - 1,771,105.19 6/26/2025 Acquisitions Buy UNITED STATES TREASURY 4.0 02/28/2030 500,000.00 503,046.88 1.00609 6,413.04 509,459.92 6/26/2025 Acquisitions Buy UNITED STATES TREASURY 4.625 04/30/2029 500,000.00 514,257.81 1.02852 3,581.86 517,839.67 6/26/2025 Acquisitions Buy UNITED STATES TREASURY 12/26/2025 350,000.00 342,692.07 0.97912 - 342,692.07 6/15/2025 Dispositions Maturity NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 80,000.00 1.00000 80,000.00 - (80,000.00) 6/15/2025 Dispositions Maturity UNITED STATES TREASURY 2.875 06/15/2025 800,000.00 800,000.00 1.00000 - (800,000.00)6/23/2025 Dispositions Sell FIRST AMER:GVT OBLG Y 1.00000 1,642,704.99 1,642,704.99 - (1,642,704.99) 6/1/2025 Other Transactions Principal Paydown FHMS K-054 A2 2.745 01/25/2026 - - 9,393.21 - 9,393.21 6/1/2025 Other Transactions Principal Paydown FHMS K-069 A2 3.187 09/25/2027 - - 815.61 - 815.61 6/1/2025 Other Transactions Coupon FHMS K-054 A2 2.745 01/25/2026 - - - - 1,048.33 6/1/2025 Other Transactions Coupon FHMS K-063 A2 3.43 01/25/2027 - - - - 928.96 6/1/2025 Other Transactions Coupon FHMS K-069 A2 3.187 09/25/2027 - - - - 1,305.34 6/1/2025 Other Transactions Coupon FHMS K-073 A2 3.35 01/25/2028 - - - - 1,312.08 6/1/2025 Other Transactions Coupon FHMS K-081 A2 3.9 08/25/2028 - - - - 503.75 6/1/2025 Other Transactions Coupon FHMS K-082 A2 3.92 09/25/2028 - - - - 620.67 6/1/2025 Other Transactions Coupon FHMS K-083 A2 4.05 09/25/2028 - - - - 776.25 6/1/2025 Other Transactions Coupon FHMS K-085 A2 4.06 10/25/2028 - - - - 930.42 6/1/2025 Other Transactions Coupon FHMS K-090 A2 3.422 02/25/2029 - - - - 941.05 6/1/2025 Other Transactions Coupon FHMS K-746 A2 2.031 09/25/2028 - - - - 710.85 6/5/2025 Other Transactions Management Fee Cash 2,717.81 - 2,717.81 - (2,717.81) 6/8/2025 Other Transactions Coupon FEDERAL FARM CREDIT BANKS FUNDING CORP 4.625 12/08/2025 - - - - 4,625.00 6/11/2025 Other Transactions Coupon TORONTO-DOMINION BANK 5.264 12/11/2026 - - - - 4,211.206/15/2025 Other Transactions Principal Paydown HAROT 2022-1 A3 1.88 05/15/2026 - - 5,423.99 - 5,423.99 6/15/2025 Other Transactions Principal Paydown JDOT 2022 A3 2.32 09/15/2026 - - 2,552.95 - 2,552.956/15/2025 Other Transactions Principal Paydown JDOT 2022-B A3 3.74 02/16/2027 - - 4,281.09 - 4,281.096/15/2025 Other Transactions Principal Paydown JDOT 2022-C A3 5.09 06/15/2027 - - 9,250.07 - 9,250.076/15/2025 Other Transactions Principal Paydown MBART 2023-1 A3 4.51 11/15/2027 - - 4,900.13 - 4,900.13 6/15/2025 Other Transactions Principal Paydown HART 2023-A A3 4.58 04/15/2027 - - 10,519.26 - 10,519.26 6/15/2025 Other Transactions Principal Paydown JDOT 2023-C A3 5.48 05/15/2028 - - 9,372.52 - 9,372.526/15/2025 Other Transactions Coupon HAROT 2022-1 A3 1.88 05/15/2026 - - - - 21.91 6/15/2025 Other Transactions Coupon JDOT 2022 A3 2.32 09/15/2026 - - - - 26.96 6/15/2025 Other Transactions Coupon NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 - - - - 1,380.006/15/2025 Other Transactions Coupon UNITED STATES TREASURY 2.875 06/15/2025 - - - - 11,500.006/15/2025 Other Transactions Coupon JDOT 2022-B A3 3.74 02/16/2027 - - - - 118.666/15/2025 Other Transactions Coupon JDOT 2022-C A3 5.09 06/15/2027 - - - - 456.546/15/2025 Other Transactions Coupon MBART 2023-1 A3 4.51 11/15/2027 - - - - 216.786/15/2025 Other Transactions Coupon HART 2023-A A3 4.58 04/15/2027 - - - - 347.43 6/15/2025 Other Transactions Coupon AMXCA 2023-1 A 4.87 05/15/2026 - - - - 527.586/15/2025 Other Transactions Coupon UNITED STATES TREASURY 4.125 06/15/2026 - - - - 10,312.506/15/2025 Other Transactions Coupon CHAIT 2023-1 A 5.16 09/15/2028 - - - - 1,483.506/15/2025 Other Transactions Coupon JDOT 2023-C A3 5.48 05/15/2028 - - - - 1,438.506/15/2025 Other Transactions Coupon AMXCA 2023-3 A 5.23 09/15/2026 - - 0.01 - 1,503.626/15/2025 Other Transactions Coupon TAOT 2024-A A3 4.83 10/16/2028 - - - - 684.25 6/15/2025 Other Transactions Coupon UNITED STATES TREASURY 4.625 06/15/2027 - - - - 11,562.506/15/2025 Other Transactions Coupon MBALT 2024-B A3 4.23 02/15/2028 - - 0.01 - 475.88 6/15/2025 Other Transactions Coupon HART 2024-C A3 4.41 05/15/2029 - - 0.01 - 532.88 6/15/2025 Other Transactions Coupon UNITED STATES TREASURY 4.0 12/15/2027 - - - - 6,000.00 6/16/2025 Other Transactions Principal Paydown GMCAR 2023-2 A3 4.47 02/16/2028 - - 6,949.48 - 6,949.48 6/16/2025 Other Transactions Coupon GMCAR 2023-2 A3 4.47 02/16/2028 - - - - 330.18 6/16/2025 Other Transactions Coupon GMCAR 2024-4 A3 4.4 08/16/2029 - - - - 366.67 6/18/2025 Other Transactions Principal Paydown HAROT 2022-2 A3 3.73 07/20/2026 - - 4,480.64 - 4,480.646/18/2025 Other Transactions Coupon HAROT 2022-2 A3 3.73 07/20/2026 - - - - 68.20 City of Pico Rivera Portfolio
Chandler Investment Transactions
June 2025
Enclosure 3
16c
Settlement Date
Transaction
Category Transaction Type Security Description Quantity Price Principal Interest Total Amount City of Pico Rivera Portfolio
Chandler Investment Transactions
June 2025
6/20/2025 Other Transactions Principal Paydown GMALT 2023-3 A3 5.38 11/20/2026 - - 10,164.47 - 10,164.47 6/20/2025 Other Transactions Coupon GMALT 2023-3 A3 5.38 11/20/2026 - - - - 235.81 6/20/2025 Other Transactions Coupon GMALT 2024-2 A3 5.39 07/20/2027 - - - - 539.006/20/2025 Other Transactions Coupon VZMT 2025-3 A1A 4.51 03/20/2030 - - 0.01 - 958.376/20/2025 Other Transactions Coupon GMALT 2025-2 A3 4.58 05/22/2028 - - - - 427.476/21/2025 Other Transactions Principal Paydown HAROT 2023-1 A3 5.04 04/21/2027 - - 4,309.18 - 4,309.18 6/21/2025 Other Transactions Coupon HAROT 2023-1 A3 5.04 04/21/2027 - - - - 181.76 6/25/2025 Other Transactions Custody Fee Cash 266.12 - 266.12 - (266.12)6/25/2025 Other Transactions Coupon BMWOT 2024-A A3 5.18 02/26/2029 - - - - 625.926/25/2025 Other Transactions Coupon BMWOT 2025-A A3 4.56 09/25/2029 - - - - 836.006/30/2025 Other Transactions Coupon UNITED STATES TREASURY 3.875 12/31/2027 - - - - 11,625.00 6/30/2025 Other Transactions Coupon UNITED STATES TREASURY 4.0 06/30/2028 - - - - 7,500.00 Changes of Market Values and Accrued Interests (837,649.08) Net Investment Transactions $ 220,364.74Beginning Balance as of 5/31/2025 34,503,908.87 Ending Balance as of 6/30/2025 $ 34,724,273.61
Contact Us
(714) 431-7000
Account
CITY OF PICO RIVERA
Date
06/30/2025
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 June 2025 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. Certain conditions must be satisfied for "pass-through" FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi's network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.
Summary of Accounts
Account ID Deposit Option Interest Rate Opening Balance Ending Balance *********354 Savings 4.30% $19,728,037.00 $21,898,584.10 TOTAL $19,728,037.00 $21,898,584.10
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
135326-30A
CITY OF PICO RIVERA
6615 PASSIONS BLVD
PICO RIVERA, CA 90660
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RETURN SERVICE REQUESTED
Enclosure 4
16d
DETAILED ACCOUNT OVERVIEW
Account ID: *********354
Account Title: CITY OF PICO RIVERA
Account Summary - Savings
Statement Period 6/1-6/30/2025 Average Daily Balance $19,927,232.26 Previous Period Ending Balance $19,728,037.00 Interest Rate at End of Statement Period 4.30% Total Program Deposits 4,100,009.15 Annual Percentage Yield Earned 4.39% Total Program Withdrawals (2,000,000.00) YTD Interest Paid 353,992.53 Interest Capitalized 70,537.95
Current Period Ending Balance $21,898,584.10
Account Transaction Detail
Date Activity Type Amount Balance
06/03/2025 Deposit $9.15 $19,728,046.15
06/05/2025 Deposit 1,000,000.00 20,728,046.15
06/11/2025 Interest Capitalization 165.25 20,728,211.40 06/12/2025 Withdrawal (1,700,000.00) 19,028,211.40
06/20/2025 Withdrawal (300,000.00) 18,728,211.40
06/26/2025 Deposit 3,100,000.00 21,828,211.40
06/27/2025 Interest Capitalization 641.34 21,828,852.74 06/30/2025 Interest Capitalization 69,731.36 21,898,584.10 Summary of Balances as of June 30, 2025
FDIC-Insured Institution City/State FDIC Cert No. Balance Amalgamated Bank New York, NY 622 $247,874.55
American National Bank Omaha, NE 19300 247,874.55
Anderson Brothers Bank Mullins, SC 9923 247,145.52
BOKF, National Association Tulsa, OK 4214 247,874.55
Banc of California Los Angeles, CA 24045 247,874.55
Bank of Springfield Springfield, IL 19506 247,874.55
BankNewport Newport, RI 18129 247,874.54
Barclays Bank Delaware Wilmington, DE 57203 247,874.55
Brookline Bank Boston, MA 17798 247,874.55
Busey Bank Champaign, IL 16450 247,232.88
Byline Bank Chicago, IL 20624 93,206.24
CASS COMMERCIAL BANK Des Peres, MO 1068 247,874.55
CNB Bank Clearfield, PA 13876 247,874.55
Central Bank Houston, TX 17612 247,127.28
Citizens Bank, National Association Providence, RI 57957 247,847.72 City National Bank of Florida Miami, FL 20234 247,874.55 Coastal Carolina National Bank Myrtle Beach, SC 58864 247,874.55 Coastal Community Bank Everett, WA 34403 247,874.55
Coastal States Bank Hilton Head Island, SC 57756 247,874.55 Date
06/30/2025 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. %Ru
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DETAILED ACCOUNT OVERVIEW
Account ID: *********354
Account Title: CITY OF PICO RIVERA
Summary of Balances as of June 30, 2025
FDIC-Insured Institution City/State FDIC Cert No. Balance Cogent Bank Orange City, FL 34908 247,145.52
ConnectOne Bank Englewood Cliffs, NJ 57919 247,874.46
Dime Community Bank Hauppauge, NY 6976 247,874.55
Dogwood State Bank Raleigh, NC 57095 247,874.55
EagleBank Silver Spring, MD 34742 247,869.39
East West Bank Pasadena, CA 31628 247,845.25
Enterprise Bank & Trust Clayton, MO 27237 247,846.49
FFB Bank Fresno, CA 58090 247,635.09
Fidelity Bank Wichita, KS 30895 247,841.47
First Commercial Bank Jackson, MS 57069 247,874.45
First Horizon Bank MEMPHIS, TN 4977 247,874.55
First National Bank of Pennsylvania Greenville, PA 7888 247,874.55 First Resource Bank Exton, PA 57967 247,874.55
First-Citizens Bank & Trust Company Raleigh, NC 11063 247,874.55 FirstBank Nashville, TN 8663 247,874.55
Five Star Bank Roseville, CA 35361 247,874.55
Flagstar Bank, N.A. Hicksville, NY 32541 247,874.55
Flushing Bank Uniondale, NY 58564 247,671.73
Genesee Regional Bank Rochester, NY 26333 247,874.55
Great Southern Bank Reeds Spring, MO 29546 247,201.65
HarborOne Bank Brockton, MA 59070 247,874.55
Israel Discount Bank of New York New York City, NY 19977 247,874.55 Legacy Bank & Trust Company Mountain Grove, MO 22319 247,874.55 Liberty Bank, N.A. Irvine, CA 35331 353.81
Merchants Bank of Indiana Carmel, IN 8056 247,874.55
Merrick Bank South Jordan, UT 34519 247,145.52
Mission Bank Bakersfield, CA 34805 247,874.55
Mission Valley Bank Sun Valley, CA 57101 43.20
Montecito Bank & Trust Santa Barbara, CA 21956 291.79
NBT Bank, National Association Norwich, NY 7230 247,874.55 NexBank Dallas, TX 29209 247,874.55
Old National Bank Evansville, IN 3832 247,874.55
One Florida Bank Orlando, FL 58811 247,874.55
Origin Bank Ruston, LA 12614 247,874.55
Park National Bank Newark, OH 6653 247,145.52
Peoples Bank Marietta, OH 6544 247,874.55
Pinnacle Bank Nashville, TN 35583 247,874.55
Popular Bank New York, NY 34967 247,874.55
Quad City Bank and Trust Company Bettendorf, IA 33867 247,874.55 Date
06/30/2025 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.
DETAILED ACCOUNT OVERVIEW
Account ID: *********354
Account Title: CITY OF PICO RIVERA
Summary of Balances as of June 30, 2025
FDIC-Insured Institution City/State FDIC Cert No. Balance Republic Bank & Trust Company Louisville, KY 23627 247,874.55 S&T Bank Indiana, PA 11124 247,874.55
SMBC MANUBANK Los Angeles, CA 18618 247,874.55
Salem Five Cents Savings Bank Salem, MA 23296 247,874.55 ServisFirst Bank Birmingham, AL 57993 247,738.92
Shore United Bank, N.A. Easton, MD 4832 247,874.55
Simmons Bank Pine Bluff, AR 3890 247,466.52
Sound Community Bank Seattle, WA 57451 247,874.55
South State Bank, N.A. Winter Haven, FL 33555 247,874.55 Southside Bank Tyler, TX 18297 247,874.55
Stearns Bank N.A. St. Cloud, MN 10988 247,643.70
Stellar Bank Houston, TX 58629 247,466.60
Summit Bank Eugene, OR 57706 247,874.55
Synovus Bank Columbus, GA 873 247,874.55
T Bank, National Association Dallas, TX 57703 247,874.45 Texas Capital Bank Dallas, TX 34383 247,874.45
The Bank of Tampa Tampa, FL 21031 247,874.48
The Dart Bank Mason, MI 5033 247,874.55
The First Bank of Greenwich Cos Cob, CT 58307 247,757.67 The Huntington National Bank Columbus, OH 6560 247,874.45 TowneBank Portsmouth, VA 35095 247,874.55
TriState Capital Bank Pittsburgh, PA 58457 247,145.52
Truist Bank Charlotte, NC 9846 247,874.55
U.S. Bank National Association Cincinnati, OH 6548 29.30 UMB Bank, National Association Kansas City, MO 8273 247,874.55 United Bank Fairfax, VA 22858 247,874.55
Valley National Bank Morristown, NJ 9396 247,874.55
VeraBank Henderson, TX 3250 247,874.55
Veritex Community Bank Dallas, TX 57665 247,145.52
West Bank West Des Moines, IA 15614 247,874.55
West Coast Community Bank Watsonville, CA 57591 247,874.55 Western Alliance Bank Phoenix, AZ 57512 247,874.55
Winter Park National Bank Winter Park, FL 59105 247,874.55 Woodforest Natl Bank The Woodlands, TX 23220 247,874.55 Zions Bancorporation, N. A. Salt Lake City, UT 2270 247,874.55 Date
06/30/2025 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. %RyH XCc/S
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