CITY OF PITTSBURG
AGENDA
FEBRUARY 22, 2022
CITY HALL COUNCIL CHAMBER
65 CIVIC AVENUE, PITTSBURG, CA
CLOSED SESSION
6:00 P.M.
REGULAR MEETINGS
7:00 P.M.
CITY COUNCIL
HOUSING AUTHORITY
PITTSBURG ARTS AND COMMUNITY FOUNDATION
PITTSBURG POWER COMPANY
SOUTHWEST PITTSBURG GEOLOGIC HAZARD ABATEMENT DISTRICT II
SUCCESSOR AGENCY
PRESIDING
Holland Barrett White, Mayor/Chair
Shanelle Scales-Preston, Vice- Mayor/Chair
Juan Antonio Banales, Council Member/Board Member
Jelani Killings, Council Member/Board Member
Marilyn “Merl” Craft, Council Member/Board Member
FOR HOUSING AUTHORITY:
S.L. Floyd, Housing Authority Member
Annie Hill Herring, Housing Authority Member
-------------------------------------------------------------------------------------------------------------------------- Pittsburg City Council meetings are held the first and third Mondays of each month at 7:00 p.m. The Housing Authority meets in conjunction with the City Council on the third Monday of each month. The Pittsburg City Council meets regularly in the Council Chamber at 65 Civic Avenue, unless otherwise noted above. The City Council also sits as the Board of Directors of several other City agencies. The stipends for all agency members conform to state statutes governing compensation amounts. All other Agencies meet on an as needed basis and will be listed above if applicable. Copies of the open session agenda packets, which are distributed to the City Council, are on file in the office of the City Clerk, 65 Civic Avenue, Pittsburg, California, and are available for public inspection, beginning 72 hours in advance, during normal business hours (8:00 a.m. – 5:00 p.m., Monday through Friday, except from noon to 1:00 p.m. and City holidays). The agenda and reports are also located on the City’s website at www.pittsburgca.gov. Additionally, if any reports or documents, which are public records, are distributed to the City Council less than 72 hours before the meeting, those reports and documents will also be available for public inspection in the City Clerk’s Office and on the day of the meeting in the Council Chamber at the public counter area below the dais. 1 AUDIENCE REMARKS
The Audience Remarks period is for the public to comment on any items scheduled to be heard during the Closed Session portion of the meeting, if applicable.
6:00 P.M. - CONVENE IN CLOSED SESSION
1. PUBLIC EMPLOYEE PERFORMANCE EVALUATION pursuant to Section 54957:
City Manager
2. CONFERENCE WITH LABOR NEGOTIATORS Pursuant to Section 54957.6:
Agency designated representatives: Mary Egan of Management Resource Group (MRG)
Unrepresented employee: City Manager
7:00 P.M. - CONVENE IN OPEN SESSION FOR REGULAR MEETING
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE
CITY MANAGER REPORTS/REMARKS
The City Manager may make brief announcements or informal comments at this time and brief the Council on items of interest. (No Action Required)
PUBLIC COMMENTS
See Public Advisory.
COMMITTEE REPORTS
Council Members may make a report on their committee assignments at this time. (see attached list of adhoc committees and other public agencies in which Council members particiapte). (No Action Required)
CITY COUNCIL MEETING
CONSIDERATION
3. Adoption of a City Council Resolution Approving a Rate Increase Requested by Pittsburg Disposal and Debris Box Service, Inc. for Refuse, Recycling, and Organics Collection
Pittsburg Disposal and Debris Box Service, Inc. DBA Mt. Diablo Resource Recovery Pittsburg (MDRR) collects the refuse, recycling, and organic materials curbside per the Franchise Agreement with the City of Pittsburg. MDRR has requested a base rate increase for refuse, recycling, and organic materials collection that will be spread over five years and accompanied by a customary 2 annual Consumer Price Index increase to accommodate new State-mandated processing and diversion requirements. The base rate application also proposes the retirement of the 32-gallon cart over five years as a long-term solution for reducing cart contamination. The Franchise Agreement requires that MDRR obtain City approval prior to increasing rates above the CPI. After a review, City staff recommends approval of the rate increases and 32-gallon cart removal as requested.
4. Adoption of a City Council Resolution Allocating Funds for City’s Share of Construction Costs for West San Marco Park
On December 21, 2020 the City, Seecon Financial & Construction Co., and San Marco Properties, LLC (Developer), executed the fourth amendment to the San Marco Development Agreement (“Agreement”). The Agreement requires the Developer to construct a 2.78-acre park in Subdivision 9379, San Marco Unit 11 at a cost not to exceed $1,582,724. The solicited bid results to construct the park were approximately $700,000 more than Developer’s financial obligation.
Therefore, additional funds are necessary to supplement the cost of construction.
5. By Minute Order, Select Commission Appointments to Vacancies on the Planning Commission, Community Advisory Commission, Youth Advisory Commission, and the Contra Costa Mosquito and Vector Control District
Three (3) openings exist on the Planning Commission, three (3) openings exist on the Community Advisory Commission, a maximum of four (4) openings exist for youth members on the Youth Advisory Commission, and one (1) opening exists as the City of Pittsburg’s Trustee on the Contra Costa Mosquito and Vector Control District. The City has advertised for all openings and received a total of twelve (12) applications. All applicants were invited to interview with the City Council on February 14, 2022.
CONFLICT OF INTEREST STATEMENT
City Council/Agency Members may make any conflict of interest declarations pertaining to Consent Calendar items at this time.
COMBINED CITY COUNCIL, PITTSBURG ARTS AND COMMUNITY FOUNDATION,
PITTSBURG POWER COMPANY, SUCCESSOR AGENCY AND SOUTHWEST PITTSBURG
GHAD II CONSENT CALENDAR
6. Minutes of February 7, 2022
7. Adoption of a City Council Resolution Approving the Terms and Conditions of Employment for Employees in the Pittsburg Police Managers’ Group for the Period July 1, 2021–June 30, 2022
The Memorandum of Understanding between the City of Pittsburg and the Pittsburg Police Managers’ Group (PMG) expired on June 30, 2021. The City and PMG representatives started negotiation sessions in March 2021 to develop a successor Memorandum of Understanding (MOU) and have reached a tentative agreement on the terms and conditions of employment for fiscal year 2021-2022 3 that provides for a one-year contract term, two-point five percent (2.5%) cost of living adjustment (COLA), one-thousand-dollar ($1,000.00) lump sum payment, and specific revisions to certain articles of the MOU to be amended. Should Council approve these terms, staff will prepare a successor MOU that incorporates the agreed upon changes.
8. Adoption of a City Council Resolution Authorizing the City to Submit a Notice of Intent to Comply with Senate Bill 1383 to the California Department of Resources Recycling and Recovery
Jurisdictions are required to implement SB 1383 starting on January 1, 2022 and Pittsburg, like the vast majority of local governments throughout the state, is facing implementation challenges. SB 619 authorizes the California Department of Resources Recycling and Recovery (CalRecycle) to waive civil penalties if a jurisdiction submits and adopts by Resolution a Notification of Intent to Comply (NOCI) for the regulatory requirements and implements a Corrective Action Plan.
9. Receive and File the Treasurer’s Report for the Quarter Ending December 31, 2021
Attached is the Treasurer’s Report for the fiscal quarter ending December 31, 2021. The report includes the combined detailed information of the City and the Successor Agency’s (Agency) investments, which are compliant with the City’s and Agency’s Investment Policies.
10. Adoption of a City Council Resolution Accepting the Plans and Specifications and Authorizing Award of Project 5006, Buchanan Road Emergency Waterline Repair Project
Project 5006, Buchanan Road Emergency Waterline Repair Project (“the Project’) consists of emergency repairs to the 18-inch asbestos cement (AC) pipeline on Buchanan Road near the Buchanan Road Pump Station. Adoption of this Resolution will accept the plans and specifications for the Project and authorize the City Manager to award a construction contract to Devaney Engineering, Inc. of San Francisco, California.
11. Adoption of a City Council Resolution to Accept Project 5004, East 9th Street Water and Sewer Improvements Project as Complete and Authorize the City Engineer to File a Notice of Completion
Project 5004, East 9th Street Water and Sewer Improvements Project (the “Project”), was for replacement of an existing sewer main and water for a total cost of $473,332. This resolution will accept construction as complete and authorize the City Engineer to file a Notice of Completion.
COUNCIL REQUEST FOR FUTURE AGENDA ITEMS
Council Members may request items to be considered for future agendas. An item will only be brought forward with a majority vote and will appear on a future agenda with staff recommendations for further Council consideration.
4 COUNCIL MEMBER REMARKS
Council Members may make brief announcements or informal comments at this time. (No Action Required) ADJOURNMENT to March 7, 2022
5 PUBLIC ADVISORY:
THE CITY COUNCIL CHAMBER WILL NOT BE OPEN TO THE PUBLIC This meeting will be held in compliance with California Government Code Section 54953(e)(2), which was added by Assembly Bill 361 which became effective Oct. 1, 2021, pursuant to the Governor’s Executive Order N-15-21. On November 29, 2021, the City Council authorized hybrid meetings of the City Council and Commissions upon findings made in Resolution 21-13997 as required by state law. In addition, all Boards authorized teleconferenced meetings. City Council Members/Board Members/Commissioners and appropriate staff will be participating in person in the Council Chamber. The Public will continue virtual participation via Zoom. Pursuant to Government Code Section 54953(e)(3), the Council/Board/Commission authorization is effective for 30 days and may be extended every 30 days if the Council/Board/Commission makes required findings.
The public is invited to watch and participate in meetings via the methods listed below:
Watch the live meeting via the City’s webcast (www.pittsburgca.gov), or on Delta TV Comcast Channel 32, or Delta TV AT&T U-Verse Channel 99.
Members of the public may comment live via Zoom video conferencing. Download Zoom from its website:
www.zoom.com. Zoom also allows you to join the meeting by phone. Join the meeting at any point but be sure you are in the meeting prior to the City Council/Board/Commission consideration of the item on which you would like to provide comment.
From a PC, Mac, iPad, iPhone or Android:
Webinar ID: 821 8558 3622
Passcode: 106491
By phone: US: +1-669-900-6833 or +1346-348-7799
Speakers are asked to provide their name and city of residence for the record, although providing this is not required for participation.
Each speaker will be afforded up to 3 minutes to speak (at the discretion of the Mayor/Chair).
When the Mayor/Chair opens a public comment period on the item on which you would like to comment, please use the “Raise Hand” feature (or press *9 if connecting via telephone) which will alert staff that you have a comment to provide. You will be invited to speak when it is your turn. Speakers will be muted until their opportunity to provide public comment. You will not be seen or heard until it is your turn to speak. You will be muted again after the allotted time to speak. Just as in a live meeting inside the Council Chamber, only one comment per agenda item per person is allowed.
When making public comment during the meeting, please
1. Try to be in a room or space without a lot of background noise.
2. Mute your microphone until it is your turn to speak, then mute your speakers while speaking.
3. Have a strong, reliable internet connection or cell phone signal.
In the event of a disruption which prevents the City Council/Board/Commission from broadcasting the meeting to the public or from receiving public comment, no further action will be taken at the meeting.
Written comments provided by the public will be accepted and given to the Council/Board/Commission although they will not be read at the meeting.
6 NOTICE TO PUBLIC
GENERAL INFORMATION
Copies of the open session agenda packets, which are distributed to the City Council, are on file in the office of the City Clerk, 65 Civic Avenue, Pittsburg, California, and are available for public inspection, beginning 72 hours in advance, during normal business hours (8:00 a.m. – 5:00 p.m., Monday through Friday, except City holidays). The full packets are also located on the City’s website at www.pittsburgca.gov. If any reports or documents, which are public records, are distributed to the City Council less than 72 hours before the meeting, those reports or documents will be available for public inspection in the City Clerk’s Office and on the day of the meeting in the Council Chamber at the public counter area below the dais.
SPEAKER’S CARD
Members of the audience who wish to address the City Council on issues that are not scheduled for the agenda and on any items listed as part of the agenda should complete a Speaker’s Card available at the dais. Please read the card carefully in order to fill out the card properly. Submit the completed card to the City Clerk before the item is called, preferably before the meeting begins. Individuals will be given up to three minutes to address the Council unless additional time is allowed as provided for spokespersons. Speakers are not permitted to yield their time to another speaker. Prior to speaking, each member of the public shall state their name and business and City of residence in a clear and audible tone of voice. Pursuant to the Brown Act, no action may be taken by the City Council on items not already scheduled on the agenda; however, the City Council may refer your comments/concerns to staff or request that the item be placed on a future agenda.
PUBLIC HEARINGS
Persons who wish to speak on Public Hearings listed on the agenda will be heard when the Public Hearing is opened, except on Public Hearing items previously heard and closed to public comment. After the public has commented, the item is closed to public comment and brought to the Council/Agency level for discussion and action. Further comment from the audience will not be received unless requested by the Council/Agency.
There is a 90-day limit for the filing of a challenge in the Superior Court to certain City administrative decisions and orders which require a hearing by law, the receipt of evidence, and the exercise of discretion. The 90-day limit begins on the date the decision is final (Code of Civil Procedure Section 1094.6). Further, if you challenge an action taken by the City Council in court, you may be limited, by California law, including but not limited to Government Code Section 65009, to raising only those issues you or someone else raised in the public hearing, or in written correspondence delivered to the City Council prior to or at the public hearing. The City Council may be requested to reconsider a decision if the request is made prior to the next City Council meeting, regardless of whether it is a regular or special meeting.
NOTICE TO THE DISABLED AND VISUALLY OR HEARING IMPAIRED In compliance with the Americans with Disabilities Act, the City of Pittsburg will provide special assistance for disabled citizens. Upon request, an agenda for any meeting shall be made available in appropriate alternative formats. The Council Chamber is equipped with sound amplifier units for use by the hearing impaired. The units operate in conjunction with the Chamber’s sound system. You may request the sound amplifier from the City Clerk for personal use during Council meetings. If you need special assistance to participate in this meeting, or are requesting a specially formatted agenda, please contact the City Clerk at 925-252-4850. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting or provide the requested agenda format. (28 CFR 35.102-35.104 ADA Title II)
DISRUPTIVE CONDUCT
The Council requests that you observe the order and decorum of our Council Chamber by turning off or setting to vibrate all cellular telephones and electronic devices, and that you refrain from making personal, impertinent, or slanderous remarks. Boisterous and disruptive behavior while the Council is in session, and the display of signs in a manner which violates the rights of others or prevents others from watching or fully participating in the Council meeting, is a violation of our Municipal Code and any person who engages in such conduct can be ordered to leave the Council Chamber by the Mayor.
LIVE MEDIA BROADCASTING ADVISEMENT
City Council meetings are webcast live on the City’s website at www.pittsburgca.gov on the Streaming Media page.
Past meetings are also archived on that webpage. Watch the live meeting via the City’s webcast (www.pittsburgca.gov), or on Delta TV Comcast Channel 32, or Delta TV AT&T U-Verse Channel 99. For more information, please contact the City Clerk’s office at 252-4850. 7 City Council Outside Agency / Liaison / Sub-Committees Assignments - 2022 Updated December 20, 2021
OUTSIDE AGENCY BOARDS COUNCIL MEMBER(S) TYPE MEETS STAFF ABAG Shanelle Scales-Preston / Holland White Alt. Standing Annual G. Evans Delta Diablo** Juan Banales / Shanelle Scales-Preston Alt. Standing 2nd Wednesday R. Abono East Co. Co. County Habitat Conservancy Juan Banales / Jelani Killings Alternate Standing Monthly Planning East County Water Management Juan Banales / Jelani Killings Alternate Standing Annual R. Abono MCE Clean Energy Board Shanelle Scales-Preston / Holland White Alt. Standing 4 Per Year D. Buchanan TRANSPLAN / ECCRFFA Holland White / Juan Banales Alternate Standing 2nd Thursday R. Abono Tri-Delta Transit (2 reps)*** S. Scales-Preston & Merl Craft / Jelani Killings Alt. Standing Last Wednesday R. Abono
LIAISON TO COUNCIL MEMBER(S) TYPE MEETS STAFF
East Bay League of Calif. Cities Shanelle Scales-Preston / Merl Craft Alt. Standing 3rd Thursday *Rotational Mayor’s Conference Holland White / Shanelle Scales-Preston Alt. Standing 1st Thursday G. Evans School Districts Committee (2x2) Shanelle Scales-Preston & Merl Craft / Jelani Killings Alt. Standing 2nd Thursday G. Evans even months
SUBCOMMITTEES COUNCIL MEMBER(S) TYPE MEETS STAFF
American Rescue Plan Act (ARPA) Holland White / S. Scales-Preston / Juan Banales Alt. Ad Hoc As needed G. Evans CAC CDBG Subcommittee S. Scales-Preston & Jelani Killings / Holland White Alt. Standing As needed M. Aliotti City Council Policy and Procedures Review Juan Banales & Merl Craft Ad Hoc As needed G. Evans City Infrastructure and Transportation (2) S. Scales-Preston & Juan Banales / Holland White Alt. Standing As needed G. Evans Community Services Subcommittee Merl Craft & Shanelle Scales-Preston / Juan Banales Alt. Standing As needed M. Aliotti Constituent Management Services S. Scales-Preston & Juan Banales / Holland White Alt. Ad Hoc As needed G. Evans Government Performance Subcommittee Holland White & Jelani Killings Ad Hoc As needed G. Evans Hills Committee Juan Banales & Jelani Killings / Merl Craft Alt. Ad Hoc As needed G. Evans Pittsburg Recognition Committee Holland White / Shanelle Scales-Preston Alt. Standing As needed J. Hecht Economic Develop/Waterfront Subcommittee Jelani Killings & Holland White / S. Scales-Preston Alt. Standing As needed J. Davis Finance Subcommittee (1) Juan Banales & Holland White / S. Scales-Preston Alt. Standing As needed P. Rodrigues Land Use Subcommittee (3) Juan Banales & Holland White / S. Scales-Preston Alt. Standing As needed J. Davis Pittsburg Arts & Community Foundation Merl Craft & S. Scales-Preston / Jelani Killings Alt. Standing As needed G. Evans Pittsburg Police Activities League (PAL) Holland White & S. Scales-Preston / Jelani Killings Alt. Standing Monthly B. Addington Power Company Advisory Holland White & S. Scales-Preston / Juan Banales Alt. Standing As needed D. Buchanan Public Safety Subcommittee Holland White & Shanelle Scales-Preston Standing As needed B. Addington Sister City Committee Jelani Killings & Holland White / Merl Craft Alt. Standing As needed K. Simonton *Rotational Staff as assigned by City Manager
**Stipend of $170 per month
***Stipend of $100 per month
8 OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution Approving a Rate Increase Requested by Pittsburg Disposal and Debris Box Service, Inc. for Refuse, Recycling, and Organics Collection
MEETING DATE: February 22, 2022
EXECUTIVE SUMMARY
Pittsburg Disposal and Debris Box Service, Inc. DBA Mt. Diablo Resource Recovery Pittsburg (MDRR) collects the refuse, recycling, and organic materials curbside per the Franchise Agreement with the City of Pittsburg. MDRR has requested a base rate increase for refuse, recycling, and organic materials collection that will be spread over five years and accompanied by a customary annual Consumer Price Index increase to accommodate new State-mandated processing and diversion requirements. The base rate application also proposes the retirement of the 32-gallon cart over five years as a long-term solution for reducing cart contamination. The Franchise Agreement requires that MDRR obtain City approval prior to increasing rates above the CPI. After a comprehensive review, staff recommends approval of the rate increase and 32-gallon cart removal as requested and as recommended by the Subcommittee.
FISCAL IMPACT
Approval of this Resolution will have no fiscal impact on the City’s General Fund.
RECOMMENDATION
City Council adopt the attached Resolution approving the solid waste base rate increase for refuse, recycling, and organics collection effective April 1, 2022 and a five-year phase out of the 32-gallon cart.
BACKGROUND
Senate Bill (SB) 1383, Short-lived Climate Pollutants Reduction, as enacted in 2017 (Lara, Chapter 395, Statutes of 2016), establishes targets to reduce the statewide disposal of organics by 75% by 2025. SB 1383 is the most significant waste reduction mandate to be 9 adopted in California in the last 30 years and requires that each jurisdiction redefine and develop methods for managing, tracking, regulating, procuring organics and more.
To align collection costs with expenses, MDRR, the local franchise operator that provides residential, commercial and industrial solid waste, recycling, and organics collection services within the City of Pittsburg, can employ positive or negative base rate adjustments per its Franchise Agreement with the City. Due to the increased services required for SB 1383 compliance, MDRR submitted a comprehensive refuse, recycling, and organics collection base rate application and supplemental information to the City on November 5, 2021. The application contemplates two rate options for meeting an increased revenue requirement of $719,982. To meet this revenue requirement, Option 1, like typical changes to base rates, implements a 6.87% increase in 2022. Option 2 meets the revenue requirement over five years, softening the increase felt by ratepayers, and as shown in Attachment 2, results in lower 96-gallon, 64-gallon, and Low-Income Senior rates than Option 1. Option 2 also suggest phasing out the 32-gallon cart over a five-year period while Option 1 does not phase out the 32-gallon cart.
Both options are in line with the City’s franchise and rate-setting process to meet revenue required for normal and customary operations like labor and capital expenditures, as well as upcoming costs of SB 1383 implementation. In addition, both options include and reflect projected annual Consumer Price Index increases based on the All-Urban Consumers, San Francisco-Oakland-San Jose (CPI-U) from August to August, which per the City’s Franchise Agreement is allowed annually at the discretion of the City Manager.
SUBCOMMITTEE FINDINGS
This item was reviewed by the Finance Subcommittee on November 19, 2021, at which time found support for Option 2 due to its relatively softer impact on ratepayers and potential long-term environmental impact of helping to reduce the potential for increased contamination in the blue and green carts.
STAFF ANALYSIS
Per its Franchise Agreement with the City, MDRR aims to recuperate $719,982 in customary operational costs and costs associated with new services triggered by SB 1383 with this rate adjustment. This revenue requirement is sufficient to cover anticipated operational costs as set forth in the Base Rate application that include several items such as long term planned vehicle fleet updates per the California Air Resources Board, a new 5- year labor CBA, and periodic cart replacements unrelated to SB 1383 requirements. The anticipated SB 1383-related costs in Pittsburg total $985,304 as MDRR will lead jurisdictional efforts in cart compliance, outreach, and education, monitoring and inspection, organics facility improvements and processing, and more.
While Pittsburg has not experienced solid waste base rate modifications in over a decade, collection costs and expenses are relatively balanced when compared to many surrounding jurisdictions. On average, Pittsburg’s monthly collection rate resulting from Options 1 or 2 would be below the average rates charged to other MDRR-served jurisdictions, ranking 12th most expensive out of 17 jurisdictions. Likewise, both Options 1 and 2 present comparatively low increases, as several nearby jurisdictions are seeing double-digit increases to their residential collection rates. In the same climate of the recycling crises and unfunded state organics mandates, proposed increases in Pittsburg are more manageable than neighboring jurisdictions due to:
10 • Pittsburg’s commitment to regularly implement CPI increases and align rates with revenue requirements over the years unlike many jurisdictions facing steeper base rate increases.
• Pittsburg’s Recycling Contamination Fee, a surcharge to address increased recycling costs due to the global recycling crisis triggered by “China National Sword”. This fee, approved in October 2019 and subsequently extended in December 2021, will sunset upon adoption of new base rates, and produced revenues of $1,426,592 in 2021. • A $410,764 reduction in the cost to ratepayers for recycling processing due to the pending replacement of the Residential Recycling Contamination Fee with the Recycling Center and Transfer Station gate rate approved in September 2021. As seen here, the newly approved gate rate shifts a portion of the increased recycling costs away from ratepayers to a larger customer base, of all users of the Recycling Center and Transfer Station.
• Exclusion of $346,806 in lost revenue from unpaid accounts due to the COVID-19 pandemic. MDRR is recouping these losses internally, and while customary and allowed to pass uncollected revenue to the ratepayers, MDRR has not included this cost in the base rate application.
Given the relatively manageable increase, staff challenged MDRR to balance additional priorities in its comprehensive base rate application:
1. Keep all annual rate increase options in single digits; and
2. Preserve affordability of Low-Income Senior Rates; and
3. Maintain a small variance between cart costs; and
4. Produce a long-term strategy for reducing cart contamination in Pittsburg.
MDRR met this challenge through Option 2 which includes phasing out the 32-gallon cart over five years. Removal of the 32-gallon refuse cart will ensure that all residential households have ample space for disposal of non-organic and non-recyclable wastes in the black cart. With ample space for placing appropriate wastes in the black cart, residents will be less likely to contaminate the blue and green carts with non-recyclable and non-organic wastes.
MDRR and the City will continue to educate the community on acceptable wastes per cart but have observed countless overflowing carts and an unbalanced shift of customers to the 32-gallon cart due to its price rather than its capacity to contain a household’s actual volume of weekly generated refuse. Inspiring behavior change and reducing this cart contamination, are pillars of SB 1383 implementation that ultimately aim to purify organic waste streams for reuse while also keeping organic waste products out of the landfill where they decompose and create harmful greenhouse gases.
11 Staff therefore concurs with the justification provided by MDRR and recommends the City Council approves:
• A base rate increase phased in over five years and annually adjusted by the CPI as is customarily allowed pursuant to Option 2; and
• Retirement of the 32-gallon cart over five years.
ATTACHMENTS: Resolution 22-
Comprehensive Base Rate Application dated November 5, 2021 from Mount Diablo Resource Recovery – Pittsburg with Proposed base rate and CPI increases and detail 2022-2026
Report Prepared By: Sara Bellafronte, Senior Administrative Analyst 12 Resolution No. 22- Page 1 of 2 February 22, 2022
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Approving a Rate Increase Requested By )
Pittsburg Disposal and debris Box Service, ) RESOLUTION NO. 22- Inc. for Refuse, Recycling, and Organics )
Collection )
WHEREAS, Pittsburg Disposal and Debris Box Service, Inc. DBA Mt. Diablo Resource Recovery Pittsburg (MDRR) collects the refuse, recycling, and organic materials curbside per the Franchise Agreement with the City of Pittsburg; and WHEREAS, MDRR has submitted a refuse, recycling, and organics collection comprehensive base rate application for increases in customary operating costs as well as costs associated with compliant implementation of the recent state law to address short- lived climate pollutants and reduce organic waste disposal, SB 1383 of 2016; and WHEREAS, MDRR is requesting a base rate increase which will be accompanied by annual CPI adjustments as customarily allowed, to meet increased revenue requirement of $719,982 as allowed per its Franchise Agreement with the City; and WHEREAS, on November 19, 2021, the Finance Subcommittee supported phasing the base rate increase in over five years; and
WHEREAS, the requested rate increase is comparatively low, as other local jurisdictions are seeing high double-digit increases to their residential collection rates; and WHEREAS, Pittsburg’s average resulting residential rates are below the average residential rates charged to other MDRR-served jurisdictions, ranking 12 th most expensive out of 17 jurisdictions; and
WHEREAS, in efforts to reduce cart contamination and maximize the amount of organic waste diverted from landfills in accordance with SB 1383, and in accordance with Finance Subcommittee recommendation, MDRR-Pittsburg is also suggesting the retirement of the 32-gallon residential can over five years; and WHEREAS, the City Council has the authority to review and approve an increase to the authorized collection base rate pursuant to the Franchise Agreement; and WHEREAS, staff has reviewed the refuse, recycling, and organics collection rate increase and cart retirement requests pursuant to the terms of the Franchise Agreement and recommends a base rate increase phased in over five years and annually adjusted by the CPI as is customarily allowed, and five-year phase out of the 32-gallon cart. 13 Resolution No. 22- Page 2 of 2 February 22, 2022 NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Pittsburg hereby authorizes a solid waste base rate increase for refuse, recycling, and organics collection effective April 1, 2022 and a five-year phase out of the 32-gallon cart.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 22nd day of February 2022, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
_____________________________
Holland Barrett White, Mayor
ATTEST:
___________________________
Alice E. Evenson, City Clerk
14 15
16 17
18 19
20 21
2021
City of Pittsburg
Base Rate Application
Summary
November, 2021
22 1. Base Rate Application
2. Approved RCTS Gate Rate Adjustment
3. Recycling Contamination Fee Transition
4. COVID Related Impacts
5. SB1383 - Compliance & Costs
6. 2021 Base Rate Application Summary
7. Comparable 2022 Projected Rates
8. Implementation Considerations
Agenda & Topics For Today’s Discussion
23 2021 Base Rate Application Summary (FINAL)
Total revenue requirement (w/ additions & new services) = $719,982 Resulting in a 6.78% total residential rate increase ($95,611 less than presented to Staff on 10-20-21) 24 1. New 5-year CBA = 2.8% increase
2. Trucking / SEG Lease Rate Model (Depreciation &
Insurance)
These normal and customary Base Year adjustments, when off- set by the temporary Recycling Contamination Fee revenue, would actually result in a surplus of $1,426,592 or approximately a (13.43%) downward adjustment to the residential rates.
Normal Base Year Adjustments
25 1. CAPEX - long term planned fleet update per CARB to 2023
2. Non-1383 related cart replacement schedule
These additional Base Year adjustments add up to $750,507 or would result in a 7.07% upward rate adjustment.
Additional Operating Costs
26 Approved Gate Rate Adjustment at RCTS
1) MDR - Recycling Operations = + $6.50 per ton
2) MDRRP - Master Plan Improvements (~$34M) = + $5.50 per ton 3) SB1383 - Post-Collection Operations = + $4.25 per ton Total (3-year) Incremental Gate Rate Adjustment = + $16.25 27 Residential Recycling Contamination Fee
Pittsburg Residential Recycling Fee revenue in 2020 = $897,608 Current recycling fee will be replaced upon adoption of a new base rate which will include the newly approved RCTS Gate Rate MDR operational cost is $21.83 per ton, when spread against total inbound MSW tonnage at RCTS
Current portion of RCTS Gate to MDR = $15.33 per ton ($14 w/ CPI adjustments) + $6.50 per ton incremental adjustment at the RCTS gate, to cover operational costs at MDR
Example using 2020 RCTS Gate tonnage for the City of Pittsburg = 50,050 tons (MSW) x $6.50 per ton = $325,325 + F .F .’s = $410,764 (3.87% of the total requested increase)
The cost to process recyclables at MDR, when passed down to Pittsburg through the newly approved gate rate, will be ~$486,844 less than the current residential recycling fee.
28 Significant increase in unpaid accounts across
residential, multi-family & commercial, which as of
November 1st is now only $346,806.
(463 total accounts; 432 residential, 29 commercial & 2 multi-family; $293,696 less than previously presented to City Staff) • Historically, and prior to COVID, this was less than
2% of total revenue. (~479 Accounts)
• Pittsburg continues to make progress with unpaid
accounts.
• Through collection efforts and establishing payment
plans for customers, throughout the pandemic, we
have decreased UnPaid accounts by a total of
$2,273,210.
• Although it is customary, this un-collected revenue is not in our Base Rate Request.
COVID Related Impacts
29 SB 1383 Compliance & Related Costs
$985,304 or 9.28% of the
requested total increase
• Compliant Carts, Lids
& Labels
• Outreach & Education
• Additional organics
routes
• Residential & multi-
family pails
• Compliance / Lid flips
• Post collection organics
(improvements &
processing)
30 2021 Base Rate Application Summary (FINAL)
Total revenue requirement (w/ additions & new services) = $719,982 Resulting in a 6.78% total residential rate increase ($95,611 less than presented to Staff on 10-20-21) 31 2021 Base Rate Application Summary (FINAL)
Total revenue requirement (w/ additions & new services) = $719,982 Resulting in a 6.78% total residential rate increase
32 BASE RATE - ONE & DONE
33 BASE RATE - ONE & DONE
34 BASE RATE - ONE & DONE
35 BASE RATE - ONE & DONE
36 Implementation Considerations
The goal and pricing strategy of Option 2, is to equalize the pricing of the 32 & 64 gallon carts, slowly over a 5 year period
37 Implementation Considerations
Option 2 will give the rate payer a bigger bang for the buck Phasing out the 32 Gal cart will help reduce contamination in the other carts The projected cost of the 64 Gal cart in 5 years is slightly below TODAYS average 38 Process & Timing
1. Extension of Recycling Contamination Fee -
City Council in December
2. Base Rate - City Council in February
39 OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution to Approve and Allocate Funds for City’s Share of Project Costs for West San Marco Park MEETING DATE: February 22, 2022
EXECUTIVE SUMMARY
On December 21, 2020 the City, Seecon Financial & Construction Co., and San Marco Properties, LLC (Developer), executed the fourth amendment to the San Marco Development Agreement (Agreement). The Agreement requires the Developer to construct a 2.78-acre park in Subdivision 9379, San Marco Unit 11 at a cost not to exceed $1,582,724. The solicited bid results to construct the park were more than the Developer’s financial obligation. Additional funds are necessary to meet the cost of construction.
FISCAL IMPACT
Staff has completed a review of the bid summaries. The average bid exceeds the Developer’s obligation for park costs by $900,000 with contingency. If approved, the resolution will allocate $900,000 from fund balance in Park Dedication Funds (Fund 304) and authorize payment of the City’s share of construction costs to the Developer.
RECOMMENDATION
Staff recommends that the City Council approve the attached Resolution to allocate $900,000 from unallocated and available Park Dedication Funds (Fund 304) and authorize payment of City’s share of park construction costs to the Developer.
BACKGROUND
On April 3, 1990, the City and Developer entered into a Development Agreement for the San Marco Subdivision. On April 8, 2013, the City and Developer executed the Third Amendment to Development Agreement acknowledging that the Developer will contribute $1,500,000 for the construction of a six-acre park and amenities. 40 On December 21, 2020, the City and Developer executed the Fourth Amendment to the Development Agreement. The Developer is obligated to construct a 6-acre community park at the southeastern corner of San Marco Boulevard and West Leland Road. The Developer constructed and dedicated a 2.44-acre park to the City in accordance with the Agreement.
The fourth amendment acknowledges the rezoning of the remaining 3.57 acres of land for commercial purposes, and the Developer is obligated to construct a 2.78-acre park on land previously dedicated to the City with the final map for Subdivision 9379, San Marco Unit 11.
SUBCOMMITTEE FINDINGS
This item was not reviewed by a subcommittee.
STAFF ANALYSIS
The Developer has completed the design for the 2.78- acre park in San Marco Unit 11. Staff has reviewed the bids solicited by the Developer and confirms the construction costs exceed the Developer’s obligation. Additional funds are necessary to construct the park with all the amenities desired by residents in the surrounding neighborhood. Staff recommends the City Council authorize payment to developer in the amount up to $900,000.
ATTACHMENTS: Resolution
Report Prepared By: Jolan Longway
Clean Water Program Coordinator
41 Resolution No. 22- Page 1 of 1 February 22,2022
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Approving and Allocating Funds for ) RESOLUTION NO. 22- Payment of City’s Share of Project Costs )
for West San Marco Park )
WHEREAS, on April 3, 1990, the City, Seecon Financial & Construction Co., and San Marco Properties, LLC (Developer) entered into a Development Agreement for the San Marco Subdivision. On April 8, 2013, the City and Developer executed the Third Amendment to Development Agreement acknowledging that Developer will contribute $1,500,000 for the construction of a six-acre park in the San Marco development area, now known as Ray Giacomelli Community Park and amenities; and WHEREAS, on December 21, 2020, the City and Developer executed the Fourth Amendment to Development Agreement, which revised the Developer’s park obligation for the 6-acre parcel located at the southeastern corner of San Marco Boulevard and West Leland Road; and
WHEREAS, under the provisions of the Agreement, the Developer is obligated to construct a 2.78-acre park on land previously dedicated to the City with final map for Subdivision 9379 San Marco Unit 11; and
WHEREAS, Developer’s financial obligation to construct the park was not to exceed $1,582,724. Solicited bids exceed the Developer’s obligation, therefore staff proposes that the City agree to contribute up to $900,000 toward the cost of construction.
NOW, THEREFORE, BE IT RESOLVED, that the City Council hereby approves and allocates up to $900,000 from the fund balance in Park Dedication Funds (Fund 304) and authorizes payment to Developer in an amount up to $900,000 for City’s share of park construction costs.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 22nd day of February, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
___________________________
Holland Barrett White, Mayor
ATTEST:
_______________________________
Alice E. Evenson, City Clerk
42 West San Marco Park
February 22, 2022
43 Park Site
2.78-acre park
Subdivision 9379,
San Marco Unit 11
1 44
Delano Drive
Park Amenities
• Soccer Field
• Picnic Area
• Covered Play
Structures
• Restrooms
• Restroom
5 2
45 Park Elements
Pavilion Cover at Picnic Tables
Mega Tower
Bench
Park
Restroom
ADA Picnic Tables
3 46
Background
Bid Results
● $900,000
shortfall
● Total Project Cost
= $2,482,724
Present
4th Amendment
● Developer to
construct 2.78 Ac
park at a cost not
to exceed
$1,582,727
Dec
2020
Ray Giacomelli
Park
● Developer to
construct community
park at the southeast
corner of San Marco
Boulevard and West
Leland Road
● Developer will
contribute $1,500,000
for construction costs
Apr
2018
Development
Agreement for the San
Marco Development Project
● City & Developer
entered into an
agreement
Apr
1990
4 47
Budget
Project Expenditures Engineer’s
Estimate
Construction Total $2,191,805
Fees $250,873
Miscellaneous $40,046
TOTAL $2,482,724
Project Funding Amount
Seecon Financial $1,582,724
Park Dedication Fund $900,000
TOTAL $2,482,724
5 48
Importance
• Long time coming
• Need for Commercial Development
• Accommodate community needs
• Provide desired amenities by residents
• Build the high-quality neighborhood park as planned
6 49
Who will benefit?
• 600 + students in Delta View
Elementary School
More than 1,100 residential
units in the map area
More than 3,000 residents
in the map area
7 50
Recommendation
• Adopt the Resolution allocating
$900,000 from Park Dedication Fund
for West San Marco Park
8 51
OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: By Minute Order, Select Commission Appointments to Vacancies on the Planning Commission, Community Advisory Commission, Youth Advisory Commission, and the Contra Costa Mosquito and Vector Control District
MEETING DATE: February 22, 2022
EXECUTIVE SUMMARY
Three (3) openings exist on the Planning Commission, three (3) openings exist on the Community Advisory Commission, a maximum of four (4) openings exist for youth members on the Youth Advisory Commission, and one (1) opening exists as the City of Pittsburg’s Trustee on the Contra Costa Mosquito and Vector Control District. The City has advertised for all openings and received a total of twelve (12) applications. All applicants for Planning Commission, Community Advisory Commission and the Youth Advisory Commission were invited to interview with the City Council on February 14, 2022. The incumbent Contra Costa Mosquito and Vector control board trust was not invited to interview but has requested re-appointment.
FISCAL IMPACT
There is no fiscal impact
RECOMMENDATION
Staff recommends appointment of eligible candidates to the Commission openings.
BACKGROUND
Staff has advertised for all vacancies and received applications. Four (4) applications were received for the Planning Commission. Five (5) applications were received for the Community Advisory Commission. Two (2) applications were received for the Youth Advisory Commission. One (1) application was received for the Contra Costa Mosquito and Vector Control District.
52 Appointments made to the Planning Commission and Community Advisory Commission will expire on February 28, 2024.
Appointments made to the Youth Advisory Commission will expire on May 31, 2024.
Appointments made to the Contra Costa Mosquito and Vector Control District will expire on February 16, 2026.
SUBCOMMITTEE FINDINGS
This item was not presented to a subcommittee.
STAFF ANALYSIS
On February 14, 2022, the City Council reviewed four (4) applications for appointment to the Planning Commission. On that date candidate interviews were held. There are three (3) vacancies.
The candidates are:
Lynn Dougherty
Sarah Foster - Incumbent
Alvin Jackson
Kyle Terry
On February 14, 2022, the City Council reviewed five (5) applications for appointment to the Community Advisory Commission. On that date candidate interviews were held. There are three (3) vacancies.
The candidates are:
Lynn Dougherty
Karen Lewis Foster - Incumbent
Sarah Foster
Arlene Kobata
Eric Utley
Patt Young - Incumbent
On February 14, 2022, the City Council reviewed two (2) applications for appointment to the Youth Advisory Commission. On that date candidate interviews were held. There are a maximum of four (4) vacancies.
The candidates are:
Kathryn Jackson 10th grade
Kristin Jackson 12th grade
On February 14, 2022, the City Council reviewed one (1) application for appointment to the Contra Costa Mosquito and Vector Control District. Due to the unique and specific qualifications of the position, which the applicant possesses, an interview was not required.
There is one (1) vacancy.
53 The candidate is:
Richard Ainsley - Incumbent
ATTACHMENTS: Commission Applications
Report Prepared By: Amanda McVey, Assistant City Clerk
54 55
56 57
58 59
60 61
62 63
64 65
66 67
68 69
70 71
72 73
74 Combined Agency/City Council Minutes Page 1 of 4 February 7, 2022
CITY OF PITTSBURG
CITY COUNCIL/AGENCY CONCURRENT MEETING MINUTES
DATE: February 7, 2022
LOCATION: Council Chamber, City Hall, 65 Civic Avenue, Pittsburg, CA 94565 CITY COUNCIL.AGENCY MEMBERS
Holland Barrett White, Mayor/Chair
Shanelle Scales-Preston, Vice-Mayor/Chair
Juan Antonio Banales, Council/Agency Member
Jelani Killings, Council/Agency Member
Marilyn Craft, Council/Agency Member
S.L. Floyd, Agency Member
Annie Hill Herring, Agency Member
APPOINTED OFFICIALS
Garrett Evans, City Manager/Executive Director
Donna Mooney, City Attorney/Legal Counsel
Alice E. Evenson, City Clerk/Agency Secretary (elected) Nancy Parent, City Treasurer (elected)
This meeting was held in compliance with California Government Code Section 54953(e)(2), which was added by Assembly Bill 361 which became effective October 1, 2021, pursuant to the Governor’s Executive Order N-15-21. On November 29, 2021, the City Council authorized hybrid meetings of the City Council and Commissions upon findings made in Resolution 21-13997 as required by state law. In addition, all Boards authorized teleconferenced meetings. City Council Members/Board Members/Commissioners and appropriate staff will be participating virtually. The Public will continue virtual participation via Zoom. Pursuant to Government Code Section 54953(e)(3), the Council/Board/Commission authorization is effective for 30 days and may be extended every 30 days if the Council/Board/Commission makes required findings.
Mayor White called the Meeting of the City Council to order at 7:02 P.M. in the City Council Chamber at City Hall, 65 Civic Avenue, Pittsburg, CA after convening in Closed Session at 5:30 P.M. for the following items:
1. PUBLIC EMPLOYEE PERFORMANCE EVALUATION pursuant to Section 54957:
City Manager
2. CONFERENCE WITH LABOR NEGOTIATORS Pursuant to Section 54957.6:
Agency designated representatives: Mary Egan of Management Resource Group (MRG)
Unrepresented employee: City Manager
There was no reportable action taken in Closed Session. 75 Combined Agency/City Council Minutes Page 2 of 4 February 7, 2022
ROLL CALL
All Members were present.
PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was recited.
PRESENTATION
3. Pittsburg Literacy Project
This presentation is to be rescheduled to a March meeting.
PROCLAMATION
4. Black History Month
CITY MANAGER REPORTS/REMARKS
City Manager Evans reported on COVID-19 management and upcoming City events.
PUBLIC COMMENTS
There were no public comments.
COMMITTEE REPORTS
Member Killings attended the Economic Development subcommittee meeting.
Member Banales attended the Finance subcommittee.
Member Craft attended the Community Services subcommittee and also visited the shower program.
Vice-Mayor Scales-Preston attended the Public Safety subcommittee and also visited the shower program.
PUBLIC HEARING
5. Adoption of A City Council Resolution to Approve the Amended City Master Fee Schedule
Mayor White opened the Public Hearing. There being no one to speak to the item, Mayor White closed the Public Hearing.
On Motion by Member Craft, seconded by Member Banales to adopt and carried unanimously.
76 Combined Agency/City Council Minutes Page 3 of 4 February 7, 2022
CONSIDERATION
6. Adoption of a City Council Resolution Approving a List of Qualified Consulting Firms for On-Call Building Plan Check Services and Authorizing the City Manager to Enter into Agreements with Selected Firms
On Motion by Member Banales, seconded by Vice-Mayor Scales-Preston to adopt and unanimously.
CONFLICT OF INTEREST STATEMENT
There were no conflicts of interest statements.
COMBINED CITY COUNCIL, PITTSBURG HOUSING AUTHORITY, PITTSBURG ARTS AND
COMMUNITY FOUNDATION, PITTSBURG POWER COMPANY AND SOUTHWEST
PITTSBURG GHAD II AND SUCCESSOR AGENCY CONSENT CALENDAR On Motion by Member Banales, seconded by Member Craft to adopt and carried unanimously.
7. Minutes of January 18, 2022 and minutes of Special Meeting of January 18, 2022
8. Adoption Of A City Council Resolution To Authorize the Renewal Of A Reciprocal Tax Information Sharing Agreement Between The City Of Pittsburg And The California State Franchise Tax Board
9. Adoption of a City Council Resolution to Approve and Allocate Funds for Project 3018, Police Department Security Fencing
10. Adoption of a City Council Resolution Authorizing Submittal of Applications for CalRecycle Grant and Payment Programs
11. Adoption of a City Council Resolution to Approve and Allocate Funds for Project 5009, Water Treatment Plant Reservoir Control Panel & PLC Replacement Project
12. Adoption of City Council Resolution Declaring that Certain City-Owned Real Property Located at or in the Vicinity of the Former Delta View Golf Course, Pittsburg, California, as Exempt Surplus Land Under California Government Code Section 54234(a)(1), and Adopting a Notice of Exemption Regarding Same
13. Adoption of a City Council Resolution to Approve Amendment Three to the Contract for Janitorial Services with Impec Group
14. Adoption of a City Council Resolution Authorizing the Negotiation and Execution of Consultant Service Agreement with Raney Planning and Management for the Stoneman Park Subdivision
15. Adoption of Resolutions Making Findings in Support of Continuing to Hold Public Meetings by Teleconference Pursuant to California Government Code Section 54953(e) 77 Combined Agency/City Council Minutes Page 4 of 4 February 7, 2022
COUNCIL REQUEST FOR FUTURE AGENDA ITEMS
There were no requests for future agenda items.
COUNCIL MEMBER REMARKS
Member Craft commended Chief Brian Addington for his time here at the City upon notice of his pending retirement.
Vice-Mayor Scales-Preston also commended Chief Addington.
Mayor White commended Chief Addington and wished him well on his retirement.
ADJOURNMENT
The City Council adjourned at 7:42 P.M. to February 22, 2022 in memory of Ralph Ramirez and Joseph Arenivar.
Respectfully submitted,
Alice E. Evenson, City Clerk
78 OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution Approving the Terms and Conditions of Employment for Employees in the Pittsburg Police Managers’ Group for the Period July 1, 2021–June 30, 2022 MEETING DATE: February 22, 2022
EXECUTIVE SUMMARY
The Memorandum of Understanding between the City of Pittsburg and the Pittsburg Police Managers’ Group (PMG) expired on June 30, 2021. The City and PMG representatives started negotiation sessions in March 2021 to develop a successor Memorandum of Understanding (MOU) and have reached a tentative agreement on the terms and conditions of employment for Fiscal Year 2021-2022 that provides for a one-year contract term, two- point five percent (2.5%) cost of living adjustment (COLA), one-thousand-dollar ($1,000.00) lump sum payment, and specific revisions to certain articles of the MOU to be amended.
Should Council approve these terms, staff will prepare a successor MOU that incorporates the agreed upon changes.
FISCAL IMPACT
The total net cost of the compensation package is $70,837 over the one-year contract.
The additional costs for Fiscal Year 2021-2022 will come from the existing approved budget and funding will be incorporated into the City’s future annual budgets.
RECOMMENDATION
Staff recommends that the City Council adopt a resolution approving the January 2022 tentative agreement, authorizing the City Manager to prepare and execute a successor MOU between the City of Pittsburg and the Pittsburg PMG for the period of July 1, 2021 – June 30, 2022.
79 BACKGROUND
In the midst of the COVID-19 pandemic and subsequent economic impacts, the City’s fiscal uncertainty has severely limited its ability to achieve long-term agreements on compensation matters with its employee bargaining units.
PMG unit members are deeply committed to providing a level of excellence in public service and responding effectively and efficiently to the needs of this community. While the City’s ability to effectively recruit and retain qualified employees is related to the quality of the total compensation package offered, the City and PMG also recognize that recent unprecedented financial challenges and long-term fiscal uncertainty call for a one-year term agreement.
The City and PMG representatives started meeting in May 2021 to negotiate a successor MOU. During the parties’ negotiation sessions, a number of tentative agreements were reached for a one-year contract with a 2.5% COLA, $1,000 lump sum payment, and amendments to language of the MOU.
The PMG membership ratified the parameters of the tentative agreement package on January 18, 2022. For additional details and changes to terms and conditions of employment, please refer to the Staff Analysis section of this report and Exhibit A – Tentative Agreements between the City of Pittsburg and the PMG bargaining unit.
SUBCOMMITTEE FINDINGS
This item was not reviewed by a subcommittee.
STAFF ANALYSIS
In accordance with the Meyers-Milias-Brown Act, the City Council is asked to approve the terms and conditions of employment for employees in the PMG unit for the period July 1, 2021, through June 30, 2022.
The terms and conditions of the tentative agreement include the following amendments to the MOU:
1) Term (Section2)
2) Salaries (Section 5)
3) Incentives and Differentials (Section 7.11)
4) Vacation Buyback (Section 8.6)
5) Holidays (Sections 10.3 & 10.4)
6) Disciplinary Action (Section 15)
For additional details of the changes agreed upon, please refer to Exhibit A – Comprehensive Tentative Agreement between the City of Pittsburg and PMG.
ATTACHMENTS: Exhibit A – Comprehensive Tentative Agreement between the City of Pittsburg and PMG
Exhibit B – Resolution
Report Prepared By: Michelle Fitzer, Human Resources Consultant 80 Resolution No. 22- Page 1 of 1 February 22, 2022
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
A Resolution Approving the Terms and ) RESOLUTION NO. 22- Conditions of Employment for Employees )
in the Pittsburg Police Managers’ Group )
For the period of July 1, 2021 through )
June 30, 2022 )
WHEREAS, the Memorandum of Understanding (MOU) between the City of Pittsburg and the Pittsburg Police Managers’ Group (PMG) expired on June 30, 2021; and WHEREAS, City representatives and the duly appointed representatives of the PMG have met and conferred in accordance with Section 3500 et seq. of the California Government Code; and
WHEREAS, the membership of the PMG ratified the attached agreement on January 18, 2022; and
WHEREAS, the City Manager and City staff recommend the terms and conditions of the agreement to be approved by the City Council; and WHEREAS, the City Manager and City staff will prepare a successor MOU that incorporates the agreed upon changes upon adoption of this resolution.
NOW, THEREFORE the City Council DOES RESOLVE as follows:
Section 1. The recitals set forth above are true and correct statements and are hereby incorporated in conjunction with the staff report.
Section 2. The City Council hereby approves the attached terms and conditions and directs staff to prepare a Memorandum of Understanding setting forth the terms and conditions.
Section 3. The Resolution shall become effective immediately upon adoption.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 22nd day of February 2022, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
_____________________________
Holland Barrett White, Mayor
ATTEST:
_________________________
Alice E. Evenson, City Clerk
81 82
For the City
1/24/22
Charles Sakai
83 City of Pittsburg and PMG
2021
1 City Proposal on Vacation Sellback
August 16, 2021
The following proposal is intended to address a potential constructive receipt issue.
SECTION 8 – VACATION
8.6 Vacation Buyback
Employees may receive vacation pay in lieu of paid time off, subject to the following limitations. Buyback shall only be made at the request of the employee, the recommendation of the Chief of Police, and upon the approval of the City Manager.
Approvals will be granted if it is determined that "buyback" will result in increased cost- effectiveness and efficiency to the City as determined by the City Manager. Employees are only eligible for one such approval in a twelve (12) month period and only one (1) buyback per fiscal year.
Each vacation buyback shall be limited to Employees may elect to sell back a maximum of eighty (80) hours of vacation per calendar year. and will be at the employee's regular rate of pay. Employees desiring to sell back vacation must file an irrevocable election identifying the number of Vacation Leave hours they will sell back in November (November 1-21) of the tax year preceding the sell back. The election will apply only to Vacation Leave hours accrued in the following tax year. Employees who do not pre- designate a sell back amount by the annual deadline will be deemed to have waived the right to sell back any Vacation Leave in the following tax year and will not be eligible to sell back Vacation Leave in that year. Vacation hours bought back shall be paid at the employee's normal hourly rate of pay at the time of the buyback, excluding any enhancements such as out of class pay. The City Manager may authorize buyback in excess of the eighty (80) hour limit in urgent and/or emergency situations.
Effective July 1, 2014 the total City-wide allocation for the buyback program will be one hundred and sixty thousand dollars ($160,000) per fiscal year. The City shall establish an annual window period for the receipt of vacation buyback requests (November 1 - 21). At the conclusion of the window period, the City will tabulate the total dollar value of the buyback requests. If the total dollar value is less than or equal to one hundred and sixty thousand dollars ($160,000.00) employee will receive, upon the City Manager's approval, payment as noted above. If the total dollar value of the requests exceeds one hundred and sixty thousand dollars ($160,000.00), request hours will be pro-rated and employees paid accordingly. (Payment shall be made with the first paycheck of December.) Should this occur, employee will be credited with vacation hours in excess of those hours determined eligible for the buyback program.
Effective July 1, 2007 the City shall establish a separate twenty thousand dollars ($20,000) per fiscal year vacation buyback program for all police safety members (including those not represented by the Association). The purpose of this separate 84 City of Pittsburg and PMG
2021
2 account is for those safety members whose qualifying requested vacation buyback was not paid through the City-wide allocation. The City-wide program and the separate police safety members program shall have the same annual window period.
To the extent permitted by law, and so long as there is no negative impact on the Plan’s qualified status, individual employees may elect to have payouts of Vacation leave deposited directly into the City’s Deferred Compensation Plan. If the employee does not so elect or if the funds cannot lawfully be deposited into the employee’s Deferred Compensation account (e.g., if they would exceed the maximum contribution), the payout will be included in the employee’s paycheck for the applicable pay period.
If a PMG represented employee’s requested and recommended vacation buyback is denied and such denial results in the employee’s vacation bank being over his/her accrual cap, then the City shall transfer such hours into the employee’s vacation reserve bank. If such transfer results in the employee’s vacation bank being at or below the vacation accrual cap then the employee will continue to accrue vacation.
If a PMG represented employee’s scheduled vacation is cancelled by the City after the vacation buyback program’s annual window period and such cancellation results in the employee’s vacation bank being over his/her accrual cap, then the City shall transfer such hours into the employee’s vacation reserve bank. If such transfer results in the employee’s vacation bank being at or below the vacation accrual cap then the employee will continue to accrue vacation.
85 City of Pittsburg and PMG
2021
1 City Proposal on Disciplinary Action
[August 16, 2021
The following proposal is intended to update the language regarding delivery of disciplinary notices.
SECTION 15 – DISCIPLINARY ACTION
15.1 Disciplinary Action
Supervisors shall be vested with the powers to discipline employees of the department or work unit, and for cause, may discipline up to a written reprimand. In emergency situations supervisors may relieve employees of their duties, pending further action by a department head.
Department heads shall be vested with the powers to discipline employees of the department or work unit, and for cause, may discipline up to dismissal from employment.
The City Manager shall be vested with the powers to discipline employees, and for cause, may discipline up to dismissal from employment.
Any proposed disciplinary action greater than a written reprimand requires prior consultation with the Human Resources Director.
The employee shall have the right to request another employee or bargaining unit representative be present when the employee is called into a meeting that he/she reasonably believes could result in disciplinary action, or where the purpose of the meeting is to propose or impose discipline, or where the purpose of the meeting is to appeal disciplinary action as provided within this section.
Any person disciplined shall be immediately notified in writing of such charges or actions, by personal service, via e-mail at the address on file with the City, or U.S. Postal Service mail (or equivalent)(with at least mail delivery confirmation) or delivery in person. Any person aggrieved by such action may utilize the Disciplinary Action Appeal Procedure as hereinafter set forth, as a means of appeal from such by the City.
Any time limit described in the appeal procedures may be extended only by mutual agreement in writing. Failure by the employee or the employee's representative to initiate or appeal within the prescribed time limits shall waive the right of the employee and the employee's representative from appealing the discipline. In the case of an appeal, the City's last answer shall be final and conclusive. The failure of the City to respond to an appeal within the prescribed time limits shall be cause for the employee to automatically appeal the discipline to the next step.
86 City of Pittsburg and PMG
2021
2 15.2 Disciplinary Action Appeal Procedure for Written Reprimands
For all employees, written reprimands may be appealed to the City Manager within seven (7) days of receipt of disciplinary action. The City Manager or designee (other than the supervisor and/or department head involved) shall review the circumstances and render a written decision within fourteen (14) days upon receipt of the disciplinary action appeal.
The decision of the City Manager or designee shall be final and conclusive.
In the event the City Manager issued the written reprimand, then opportunity to utilize the "City Manager Appeal" shall still apply.
15.3 Disciplinary Action Appeal Procedure for Non-Written Reprimands No disciplinary action against an employee, excluding probationary and other at will employees, shall be imposed unless such action is recommended by the City in a Notice of Proposed Disciplinary Action delivered to the employee either personally, via e-mail at the address on file with the City, or by U.S. Postal Service mail (or equivalent) (with .at least mail delivery confirmation) and shall contain the following:
[. . .]
87 OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution Authorizing the City to Submit a Notification of Intent to Comply with Senate Bill 1383 to the California Department of Resources Recycling and Recovery
MEETING DATE: February 22, 2022
EXECUTIVE SUMMARY
Jurisdictions are required to implement SB 1383 starting on January 1, 2022 and Pittsburg, like the vast majority of local governments throughout the State, is facing implementation challenges. SB 619 authorizes the California Department of Resources Recycling and Recovery (CalRecycle) to waive civil penalties if a jurisdiction submits and adopts by Resolution a Notification of Intent to Comply for the regulatory requirements and implements a Corrective Action Plan.
FISCAL IMPACT
In the case that CalRecycle pursues enforcement of SB 1383 implementation items, submittal of this Notification of Intent to Comply will relieve the City and General Fund from civil penalties accrued during the 2022 calendar year. Once levied, civil penalties can accrue at a rate of up to $10,000 per day.
RECOMMENDATION
Staff recommends City Council adoption of the attached Resolution authorizing the City to Submit a Notification of Intent to Comply with Senate Bill 1383 to CalRecycle and the City Manager or his designee to submit the Notification of Intent to Comply in the name of the City of Pittsburg.
BACKGROUND
SB 1383, Short-lived Climate Pollutants Reduction, as enacted in 2017 (Lara, Chapter 395, Statutes of 2016), established targets to reduce the statewide disposal of organics by 50% by 2020 and 75% by 2025; and requires that not less than 20% of edible food that is currently disposed be recovered for human consumption by 2025. SB 1383 is the most significant waste reduction mandate to be adopted in California in the last 30 years and requires that each jurisdiction redefine and develop methods for managing and collecting 88 organics, procuring recycled organics and developing a policy, recovering edible food, tracking and document non-franchise haulers, planning for edible food capacity expansion, and enforcing SB 1383 provisions. In addition, it requires complying with the Model Water Efficient Landscape standards and CalGreen, California’s green building standards code.
Despite the variety of major programmatic and policy-related requirements for jurisdictions, generators, and other entities set forth by SB 1383, this regulation is an unfunded mandate.
It impacts all property owners, tenants, multifamily residences, commercial entities, and public entities within the City. Jurisdictions that are unable to fully implement the SB 1383 regulations, may submit to CalRecycle a Notice of Intent to Comply by March 1, 2022. The Notification of Intent to Comply includes a template for creating a Corrective Action Plan with proposed timelines and steps for bringing Pittsburg into compliance with SB 1383.
CalRecycle may waive calendar year 2022 administrative civil penalties for the violations if the local jurisdiction implements the actions proposed in the Notification of Intent to Comply.
SUBCOMMITTEE FINDINGS
This item was not presented to a subcommittee.
STAFF ANALYSIS
The City has made significant progress in implementing SB 1383 regulations. With the substantial amount of SB 1383 public outreach needed to educate Pittsburg’s residential and commercial communities in mind, Pittsburg was one of the first jurisdictions to adopt the required ordinance in July 2021. This allowed the City to work with franchised hauler Mount Diablo Resource Recovery (MDRR) to develop outreach materials, strategize new organics collection processes and costs, and come to collaborative solutions for compliant recordkeeping. The City also regularly engages with Contra Costa County, surrounding cities, CalRecycle, RecycleMore, and RecycleSmart to develop best practices, share resources, interpret regulations, and discuss potential strategies for meeting the challenging SB 1383 requirements.
Likewise, to prepare the communities it serves for upcoming regulations set forth by SB 1383, MDRR has invested in programs and technology that maximize diversion but maintain customer convenience and service. Since 2015, MDRR has been working through planning and permitting processes for the Mount Diablo Resource Recovery Park – a project that will transform the 1300 Loveridge Rd. Recycling Center and Transfer Station to the Mount Diablo Resource Recovery Park with over 10 new buildings, additional gasification units, facility relocations, and more aimed at meeting requirements needed for the advanced sorting, storage, and management of organic materials under SB 1383.
Areas in which the City and many local jurisdictions will commonly experience implementation difficulty and potential civil penalties in 2022 include recycled organics procurement, edible food recovery, edible food capacity planning, and organics collection and management. Authorization to submit a Notification of Intent to Comply to CalRecycle will afford the City time to develop a stepwise plan with CalRecycle for achieving SB 1383 compliance in these areas without incurring fines in calendar year 2022.
ATTACHMENT: Resolution 22-
Notification of Intent to Comply
Report Prepared by: Sara Bellafronte, Senior Administrative Analyst 89 1
Notification of Intent to Comply
CalRecycle is providing this optional form as a convenience to assist jurisdictions (counties, cities, a county and city, or special districts providing solid waste collection services) for purposes of submitting a notification of intent to comply to CalRecycle [see Public Resources Code (PRC) section 42652.5(c)].
A jurisdiction may submit a notification of intent to comply if it is facing continuing violations of the Short-lived Climate Pollutants: Organic Waste Reductions requirements in Title 14 California Code of Regulations (14 CCR). The written notification of intent to comply, adopted by resolution of the jurisdiction’s governing body, shall be sent to CalRecycle no later than March 1, 2022, to [email protected].
A jurisdiction shall, at minimum, include the following in its notification:
1. A description, with specificity, of the continuing violations.
2. A detailed explanation of the reasons, supported by documentation, why the local jurisdiction is unable to comply.
3. A description of the impacts of the COVID-19 pandemic on compliance.
4. A description of the proposed actions the local jurisdiction will take to remedy the violations within the timelines established in 14 CCR section 18996.2 with a proposed schedule for doing so. The proposed actions shall be tailored to remedy the violations in a timely manner.
Upon approval by CalRecycle of a jurisdiction’s notification and implementation of the intent to comply, a jurisdiction may be eligible for both of the following:
1. Administrative civil penalty relief for the 2022 calendar year pursuant to PRC section 42652.5(d).
2. A corrective action plan pursuant to 14 CCR section 18996.2. a. CalRecycle may address through a corrective action plan any violations disclosed in a jurisdiction’s notification that will take more than 180 days to correct. In this situation, the proposed actions and schedule in the jurisdiction’s approved notification will be in effect until a corrective action plan is issued.
CalRecycle will respond in writing to a jurisdiction within 45 business days of receiving its notification with an approval, disapproval, request for additional information, or timeline for a decision on approval or disapproval. CalRecycle will include details about why a jurisdiction did not meet the requirements for a Notification of Intent to Comply when disapproving the jurisdiction’s notification.
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Please clearly print or type responses. Attach additional pages as necessary.
Jurisdiction Name: City of Pittsburg County: Contra Costa Person Completing the Form:
First Name: Sara Last Name: Bellafronte
Title: Senior Administrative Analyst
Mailing Address: 65 Civic Avenue
City: Pittsburg Zip Code: 94565
Email Address: [email protected]
Phone Number: (925) 252-4109
1. Select using the check boxes below or write in the continuing violations for each applicable regulatory section. For each selection, please describe the specific violations related to the regulatory section.
Example:
☒ (B) 14 CCR section 18984.1 Three-Container Organic Waste Collection Services i. Not implementing mandatory residential foodwaste collection for all residents. Note:
City already provides mandatory greenwaste collection to all residents ii. Not implementing mandatory commercial organics collection for all businesses under 2 cubic yards. Note: City already provides mandatory commercial organics collection to all businesses 2 cubic yard or more.
Disclaimer: The list of possible continuing violations below is not inclusive of all potential violations of the regulations.
(A) 14 CCR section 18984 Combined Organic Waste Collection Services. This requirement is not included since the requirements are further specified in sections 18984.1-18984.11.
X (B) 14 CCR section 18984.1 Three-Container Organic Waste Collection Services . (C) 14 CCR section 18984.2 Two-Container Organic Waste Collection Services (D) 14 CCR section 18984.3 Unsegregated Single Container Collection Services X (E) 14 CCR section 18984.4 Recordkeeping Requirements for Compliance with Organic Waste Collection Services
X (F) 14 CCR section 18984.5 Container Contamination Minimization: .
X (G) 14 CCR section 18984.6 Recordkeeping Requirements for Container Contamination Minimization
(H) 14 CCR section 18984.7 Container Color Requirements X (I) 14 CCR section 18984.8 Container Labeling Requirements X (J) 14 CCR section 18984.11 Waivers Granted by a Jurisdiction (K) 14 CCR section 18985.1. Organic Waste Recovery Education and Outreach. (L) 14 CCR section 18985.2. Edible Food Recovery Education and Outreach (M) 14 CCR section 18985.3. Recordkeeping Requirements for a Jurisdiction’s Compliance with Education and Outreach Requirements
(N) 14 CCR section 18988.1. Jurisdiction Approval of Haulers and Self-Haulers (O) 14 CCR section 18988.3. Self-haulers of Organic Waste X (P) 14 CCR section 18988.4. Recordkeeping Requirements for Compliance with Jurisdiction Hauler Program
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(Q) 14 CCR section 18989.1. CALGreen Building Codes
(R) 14 CCR section 18989.2 Model Water Efficient Landscape Ordinance X (S) 14 CCR section 18991.1. Jurisdiction Edible Food Recovery Program x (T) 14 CCR section 18991.2. Recordkeeping Requirements for Jurisdiction Edible Food Recovery Program
(U) 14 CCR section 18992.1. Organic Waste Recycling Capacity Planning (V) 14 CCR section 18992.2. Edible Food Recovery Capacity X (W) 14 CCR section 18993.1. Recovered Organic Waste Product Procurement Target X (X) 14 CCR section 18993.2. Recordkeeping Requirements for Recovered Organic Waste Procurement Target
X (Y) 14 CCR section 18993.3. Recycled Content Paper Procurement Requirements (Z) 14 CCR section 18993.4. Recordkeeping Requirements for Recycled Content Paper Procurement
(AA) 14 CCR section 18994.2. Jurisdiction Annual Reporting Note: This requirement is not included since jurisdictions are still expected to report to CalRecycle.
X (BB) 14 CCR section 18995.1. Jurisdiction Inspection Requirements Note: Section 18995.1(a)(1) should not be included because a jurisdiction should already be completing this action due to the requirements of PRC Chapter 12.9 (commencing with Section 42649.8)
(CC) 14 CCR section 18995.2. Implementation Record and Recordkeeping Requirements (DD) 14 CCR section 18995.3. Jurisdiction Investigation of Complaints of Alleged Violations Note: This requirement is not included since jurisdictions are still expected to investigate complaints.
X (EE) 14 CCR section 18995.4. Enforcement by a Jurisdiction Use the check box(es) below to write in the continuing violations for any regulatory section(s) not reflected above and describe the specific violations related to the regulatory section.
Example:
☒ (1) (Type regulatory section number) (Type regulatory section title) i. Describe the specific violations related to the regulatory section (1)
(2)
(3)
(4)
(5)
2. A detailed explanation of the reasons why the jurisdiction is unable to comply, supported by documentation, if applicable.
The City and its franchised hauler and operator of the Recycling Center and Transfer Station (RCTS) in Pittsburg, Mount Diablo Resource Recovery (MDRR), have met significant milestones in creating capacity for organics collection and processing per SB 1383 requirements. MDRR is in the midst of a 20-year enhancement project to transform the existing RCTS into the Mount Diablo Resource Recovery Park (MDRRP) capable of receiving, processing, and converting organics in compliance with SB 1383 (see attachment 1 for project details). The City of Pittsburg has approved all discretionary items needed to commence the project (see attachment 2 for a list of project- related City approvals). However, MDRR is experiencing delays receiving Regional Water Quality Control Board approvals that will allow for construction of a an 82,500sf organics building 92 4
necessary for accepting and processing residential organics in compliance with SB 1383 due to its proposed location on an inland stream. MDRR has engaged CalRecycle in seeking approval from the RWQCB as all other agencies, including the Army Corps of Engineers, have given permission to proceed with the construction. MDRR aims to receive RWQCB approval to move forward with construction of the organics building by April 15, 2022.
MDRR’s current facilities are equipped to manage commercial organic waste, therefore outreach to qualifying commercial entities has commenced. Applicable recordkeeping requirements are being met for the elements of the Commercial Organics Program that are active.
Combined residential organics waste collection services cannot commence until the organics processing building is complete at MDRRP. Therefore at this time the City is unable to comply with SB 1383 mandated recordkeeping on a Residential Organics Collection program.
3. A description of the impacts of the COVID-19 pandemic on compliance.
The COVID-19 pandemic has altered MDRR’s traditional outreach methods. Site visits and in- person audits, especially for encouraging required organics service at all commercial locations and multifamily locations, have been converted to mostly virtual experiences. Due to the pandemic, many commercial accounts have turned over and response rates received from commercial accounts have lengthened. In the midst of it all, MDRR expanded its outreach and customer service team in order to prioritize organics outreach, and still aims to have all remaining noncompliant businesses and multifamily residences registered and using the organics service (or properly waived) by June 1, 2023. These conditions on the commercial and multifamily side have impacted staff’s ability to shift its focus to residential organics outreach and marketing.
Similarly, all City-sponsored school and public events (Civic Pride Day litter cleanup, Green Footprint Festival Earth Day Celebration, Neighborhood Improvement Team meetings, etc.) at which solid waste regulations and new compliance programs are shared and discussed with the public have been canceled since 2019, to protect the health and safety of the community.
In preparation for SB 1383 compliance, City staff monitored the rulemaking carefully and began internally planning for staffing needed to carry out outreach, monitoring, and enforcement activities, as well as associated increased communications with MDRR upon SB 1383 implementation. In an update to its ordinance (attachment 3), the City proactively defined a new term, “Enforcement Official,” to expand the breadth and depth of staff active in implementing solid waste to include Code Enforcement, Police, Building, City Manager, and Environmental Services staff. At the same time, these departments are strained from the economic and social consequences of the pandemic:
homelessness, illegal dumping, abandoned businesses, construction projects, and more, and the anticipated relief to staff has not yet been realized.
4. Provide a description of the proposed actions the jurisdiction will take to remedy the violations with a proposed schedule for completing each action. The proposed actions shall be tailored to remedy the violations in a timely manner. See optional format below.
Please see tables starting on page 6.
I hereby certify under penalty of perjury that the information provided herein is true and correct to the best of my knowledge.
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------------------------------
Signature
Sara Bellafronte
------------------------------
Printed Name
Senior Administrative
Analyst
------------------------------
Title
----------------------------
Date
94 6
Description of the proposed actions with proposed schedules the jurisdiction will take to remedy the violations. The proposed actions shall be tailored to remedy the violations in a timely manner.
Regulatory Requirement:
(B) 14 CCR section 18984.1 Three-Container Organic Waste Collection Services Description:
i. Not implementing mandatory residential foodwaste collection for all residents. Note: City already provides mandatory greenwaste collection to all residents ii. Not implementing mandatory commercial organics collection for all businesses under 2 cubic yards. Note: City already provides mandatory commercial organics collection to all businesses 2 cubic yard or more
Action Proposed Schedule
TASK 1: Receive approval from RWQCB to construct organics building
Date to be completed:
Unknown, and outside of City’s
control, but aiming for April 15,
2022
TASK 2: Establish a Commercial Organics Program
Outreach has already commenced
Register all qualifying commercial entities for organics service and provide applicable green carts
Ensure all commercial entities qualifying for waivers have valid waiver by June 1, 2023
Date to be completed:
June 1, 2023
TASK 3: Establish a Residential and Multifamily Organics Program once there is capacity for residential organic waste at the MDRRP.
Residents and MF locations already have green carts for organics collection
Commence outreach January 1, 2024
Ensure all entities qualifying for waivers have valid waiver by January 1, 2025
Provide kitchen pails for convenient foodwaste collection Date to be completed:
January 1, 2025
Regulatory Requirement:
(E) 4 CCR section 18984.4 Recordkeeping Requirements for Compliance with Organic Waste Collection Services
Description:
i. Not keeping the required implementation record. Note: In the absence of organic waste collection services in 2022, there will be no 2022 records to keep other than ongoing outreach documents and occurrences that will be kept.
Action Proposed Schedule
TASK 1: Receive approval from RWQCB to construct organics building
Date to be completed:
Unknown, and outside of City’s
control, but aiming for April 15,
2022
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TASK 2: Establish a Commercial Organics Program Date to be completed:
June 1, 2023
Task 3: Maintain required commercial records (note, MDRR already utilizes Recyclist, capable of meeting SB 1383
recordkeeping requirements. The City has already established a file system per the Model Recordkeeping Tool provided by CalRecycle and will request and collect records using the tool and file folder system.)
Date to be completed:
June 1, 2023
TASK 4: Establish a Residential and Multifamily Organics Program
Date to be completed:
January 1, 2025
Task 5: Maintain required residential records (note, MDRR already utilizes Recyclist, capable of meeting SB 1383
recordkeeping requirements. The City has already established a file system per the Model Recordkeeping Tool provided by CalRecycle and will request and collect records using the tool and file folder system.)
Date to be completed:
January 1, 2025
Regulatory Requirement:
(F) 14 CCR section 18984.5 Container Contamination Minimization Description:
i. Not conducting route reviews for routes in calendar year 2022 for organics specifically. ii. Not noticing for contamination violations for routes in calendar year 2022 for organics specifically
iii. Not conducting waste evaluations for organics specifically in 2022 iv. Not notifying generators or performing targeted route reviews of containers on routes sampled for waste evaluations.
Note: The City’s franchised hauler, MDRR, already reports observed residential container contamination to generators and conducts commercial organics route reviews in efforts to register all commercial entities producing 2 c.y. or more for organics service. The City’s LEA also conducts regular waste evaluations for Title 14 regulations. As the Organic Waste Collection Services are established in 2023 and 2025 respectively as shown below, these observations and evaluations will be expanded to comply with all sections of this regulation Action Proposed Schedule
TASK 1: Update the City’s Franchise Agreement with MDRR to require MDRR conduct route reviews and inspections on both residential and commercial accounts in compliance with 14 CCR section 18984.5
January 1, 2023
TASK 2: Establish a Commercial Organics Program
Intensify outreach for one year
Date to be completed:
June 1, 2023
TASK 3: Begin commercial route reviews and inspections. Date to be completed:
June 1, 2024
TASK 4: Establish a Residential and Multifamily Organics Program (once RWQCB approval received and organics building constructed)
Intensify outreach for 1 year
Date to be completed:
January 1, 2025
TASK 5: Begin residential route reviews and inspections Date to be completed:
January 1, 2026
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Regulatory Requirement:
(G) 14 CCR section 18984.6 Recordkeeping Requirements for Container Contamination Minimization
Description:
i. Not keeping the required implementation record. Note: In the absence of organic waste collection services in 2022, there will be no 2022 records to keep other than ongoing outreach documents and occurrences that will be kept.
Action Proposed Schedule
TASK 1: Receive approval from RWQCB to construct organics building
Date to be completed:
Unknown, but hoping for April
15, 2022
TASK 2: Establish a Commercial Organics Program and
commence route reviews and inspections for commercial
accounts
Date to be completed:
June 1, 2023, June 1, 2024
Task 3: Maintain required commercial records (note, MDRR already utilizes Recyclist, capable of meeting SB 1383
recordkeeping requirements. The City has already established a file system per the Model Recordkeeping Tool provided by CalRecycle and will request and collect records using the tool and file folder system.)
Date to be completed:
June 1, 2023
TASK 4: Establish a Residential and Multifamily Organics Program and commence route reviews and inspections for
residential and MF accounts
Date to be completed:
January 1, 2025, January 1,
2026
Task 5: Maintain required residential records (note, MDRR already utilizes Recyclist, capable of meeting SB 1383
recordkeeping requirements. The City has already established a file system per the Model Recordkeeping Tool provided by CalRecycle and will request and collect records using the tool and file folder system.)
Date to be completed:
January 1, 2025
Regulatory Requirement:
(I) 14 CCR section 18984.8 Container Labeling Requirements Description:
i. Not placing labels on each new container or lid provided to generators consistent with the applicable container collection requirements in 2022
Action Proposed Schedule
TASK 1: Once a Commercial Organics Program is established, labels compliant with this section and in alignment with previous outreach materials will be placed on all green commercial containers. Any green containers provided to new commercial accounts will be distributed with a label already affixed.
Date to be completed:
June 1, 2023
Task 2: Once a Residential Organics Program is established, labels compliant with this section and in alignment with previous Date to be completed:
January 1, 2025
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outreach materials will be placed on all green residential carts.
Any green carts provided to new residential customers accounts will be distributed with a label already affixed.
Regulatory Requirement:
(J) 14 CCR section 18984.11 Waivers Granted by a Jurisdiction Description:
i. Not granting waivers to generators of organic waste in 2022 Action Proposed Schedule
TASK 1: MDRR and the City have begun commercial organics program outreach especially focusing on registering all commercial entities for commercial organics service as it exists currently. With these efforts, commercial entities are already being contacted and evaluated for waiver qualification. It is the City’s goal to have all commercial entities qualified for a waiver approved by the time the new SB1383 compliant Commercial Organics Service program begins.
Date to be completed:
present - June 1, 2023
TASK 2: It is the City’s goal to have all residents and multifamily dwellings qualified for a waiver approved before enforcement of the new Residential Organics Service program begins.
Date to be completed:
January 1, 2025 – January 1,
2026
Regulatory Requirement:
(P) 14 CCR section 18988.4. Recordkeeping Requirements for Compliance with Jurisdiction Hauler Program
Description:
i. Not keeping a record of hauler compliance with local ordinances and this article. Note:
Required recordkeeping has been achieved for the City’s franchised hauler, MDRR, and for non-franchised haulers that dispose of waste at the RCTS in Pittsburg as MDRR employs Recyclist to track self-haul and the City has established a recordkeeping and folder system per the provided model tool for storing the required information upon request. Though this list of non-franchised commercial haulers should be very small (per Pittsburg Municipal Code Section
8.04, the only non-franchised commercial haulers are trucking and hauling companies that are owned by the construction company generating C&D waste and landscapers with valid City of Pittsburg business licenses), relationships have not been established for collection of self-haul organic waste records that is dropped off at non-Pittsburg locations.
Action Proposed Schedule
TASK 1: Using public City of Pittsburg business license records, the City will gather contact information for all landscaping operations in Pittsburg. Using this information staff will inform the haulers of the documentation needed for each Pittsburg- originating haul disposed of at a non-Pittsburg location and establish a means by which the hauler will provide the information to City staff upon each haul of that nature.
Date to be completed:
November 30, 2022
Regulatory Requirement:
(S) 14 CCR section 18991.1. Jurisdiction Edible Food Recovery Program 98 10
Description:
i. not increasing commercial edible food generator access to food recovery organizations and food recovery services
ii. not monitoring commercial edible food generator compliance ii. not increasing edible food recovery capacity if the analysis indicates an insufficient capacity to meet edible food recovery needs
Note: the City has been collaborating with County and numerous neighboring jurisdictions to develop best practices and creative solutions to best comply with this regulation.
Action Proposed Schedule
TASK 1: Apply for SB 1383 noncompetitive grant funds Date to be completed:
February 1, 2022
TASK 2: Hire a qualified consultant (potentially partnering with other local jurisdictions) to design, develop, and implement the first year of an Edible Food Recover Program in Pittsburg. Note:
MDRR has begun outreach on edible food recovery in the form of letters and website information.
Date to be completed:
June 30, 2022
TASK 3: Commence year 1 implementation of the food recovery program (using consultant). Continue to collaborate with other local jurisdictions to vet and troubleshoot the program designed by the qualified consultant.
Date to be completed:
June 30, 2023
TASK 4: Evaluate effectiveness of food recovery program and make staffing and resource decision for continued compliance monitoring and potential capacity increase needs before end of program year 1.
Date to be completed:
April 1, 2024
Regulatory Requirement:
(T) 14 CCR section 18991.2. Recordkeeping Requirements for Jurisdiction Edible Food Recovery Program
Description:
i. Not keeping the required implementation record. Note: In the absence of an edible food recovery program in 2022, there will be no 2022 records to keep.
Action Proposed Schedule
TASK 1: Hire a qualified consultant (potentially partnering with other local jurisdictions) to design, develop, and implement the first year of an Edible Food Recover Program in Pittsburg.
Date to be completed:
June 30, 2022
TASK 2: Commence year 1 implementation of the food recovery program (using consultant). Continue to collaborate with other local jurisdictions to vet and troubleshoot the program designed by the qualified consultant.
Date to be completed:
June 30, 2023
Task 3: Maintain required commercial records (note: The City has already established a file system per the Model Recordkeeping Tool provided by CalRecycle and will organize records using the tool and file folder system.)
Date to be completed:
June 30, 2022
Regulatory Requirement:
(W) 14 CCR section 18993.1. Recovered Organic Waste Product Procurement Target 99 11
Description:
i. Not procuring the required volume of recovered organic waste products.
Action Proposed Schedule
TASK 1: Conduct an inventory of qualifying purchases of organic waste product that the City and direct service providers already procure annually to determine difference between procurement requirement volume and volume of items regularly purchased by all relevant parties.
Date to be completed:
December 1, 2023
TASK 2: Create a strategy, engaging City divisions like Public Works, Marina, and Parks, to determine where additional organic waste products can be used for City operations: compost, mulch, and renewable gas or electricity from biomass for fleet vehicles.
Note: the City has been collaborating with County and numerous neighboring jurisdictions to develop best practices and creative solutions to best comply with this regulation. From these meetings, the City will be investigating and keeping informed on markets and sources to purchase electricity from biomass conversion as well as renewable gas in order to annually meet the procurement requirement without excessive purchase and giveaway of mulch and compost.
Date to be completed:
March 1, 2024
Task 3: Coordinate with MDRR regarding compost purchasing and community giveaways. Create a program for increasing public education on compost use and advertising compost available for purchase.
Date to be completed:
December 1, 2023
TASK 4: Develop a strategy for funding or meeting the increased required volumes.
Date to be completed: May 1
2024
TASK 5: Update City’s Procurement Policy and implement
strategy.
Date to be completed: July 1,
2024
Regulatory Requirement:
(Y) 14 CCR section 18993.3. Recycled Content Paper Procurement Requirements Description:
i. Not solely procuring the required recycled paper products nor requiring all businesses from which it purchases to make the required certifications. Note some paper products procured and vendors used by the City already meet this section’s requirements.
Action Proposed Schedule
TASK 1: Determine volume of paper products regularly
purchased by City annually to create a baseline need for paper products on a citywide basis.
Conduct an inventory of qualifying purchases of recycled content paper that the City already procures annually.
Date to be completed:
August 1, 2022
TASK 2: Coordinate with current paper vendors to make required certifications on qualifying products purchased.
Date to be completed:
September 1, 2022
Task 3: Develop and release an RFP to obtain a qualified vendor to supply annual citywide recycled paper needs.
Date to be completed: February
2, 2023
100
12 TASK 2: Develop a strategy for funding the increased expenses of required procurement volumes.
Date to be completed: May 1,
2023
Task 3: Update City’s Procurement Policy and implement funding strategy.
Date to be completed: July 1,
2023
Regulatory Requirement:
(BB) 14 CCR section 18995.1. Jurisdiction Inspection Requirements Note: Section 18995.1(a)(1) should not be included because a jurisdiction should already be completing this action due to the requirements of PRC Chapter 12.9 (commencing with Section 42649.8)
Description:
i. Not conducting inspections of Tier One or Two commercial edible food generators and food recovery organizations and services
ii. Not providing educational material in response to commercial violations iii. Not conducting commercial route reviews per this section nor keeping required records due to the absence of sufficient commercial route reviews.
Action Proposed Schedule
TASK 1: Apply for SB 1383 noncompetitive grant funds Date to be completed:
February 1, 2022
TASK 2: Hire a qualified consultant (potentially partnering with other local jurisdictions) to design, develop, and implement the first year of an Edible Food Recover Program in Pittsburg.
Date to be completed:
June 30, 2022
TASK 3: Commence year 1 implementation of the food recovery program (using consultant). Continue to collaborate with other local jurisdictions to vet and troubleshoot the program designed by the qualified consultant.
Date to be completed:
June 30, 2023
TASK 4: Evaluate effectiveness of food recovery program and make staffing and resource decision for continued compliance monitoring and potential capacity increase needs before end of program year 1.
Date to be completed:
April 1, 2024
Regulatory Requirement:
(EE) 14 CCR section 18995.4. Enforcement by a Jurisdiction Description:
i. Not taking enforcement actions
Action Proposed Schedule
TASK 1: Amend the City’s Franchise Agreement with MDRR to require MDRR conduct route reviews and inspections on both residential and commercial accounts in compliance with 14 CCR section 18984.5
January 1, 2023
TASK 2: Establish a Commercial Organics Program
Intensify outreach for one year
Date to be completed:
June 1, 2023
TASK 3: Begin commercial route reviews and inspections. Note:
City has already adopted updated solid waste ordinances that include SB 1383-compliant enforcement procedures.
Date to be completed:
June 1, 2024
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13 TASK 4: Establish a Residential and Multifamily Organics Program (once RWQCB approval received and organics building constructed)
Intensify outreach for 1 year
Date to be completed:
January 1, 2025
TASK 5: Begin residential route reviews and inspections. Note:
City has already adopted updated solid waste ordinances that include SB 1383-compliant enforcement procedures.
Date to be completed:
January 1, 2026
EXAMPLE
Regulatory Requirement: (B.i.) 14 CCR section 18984.1 Three-Container Organic Waste Collection Services
Description: Not implementing mandatory residential foodwaste collection for all residents. Note:
City already provides mandatory greenwaste collection to all residents Action Proposed Schedule
TASK 1: Purchase two additional collection trucks and modify collection routes
Date to be completed:
4/7/2022
TASK 2: The city will work with its hauler to find a facility to accept mixed organic waste.
Date to be completed:
4/14/2022
Regulatory Requirement: (B.ii.) 14 CCR section 18984.1 Three-Container Organic Waste Collection Services
Description: Not implementing mandatory commercial organics collection for all businesses under 2 cubic yards. Note: City already provides mandatory commercial organics collection to all businesses 2 cubic yard or more.
Action: Proposed Schedule
TASK 1: Purchase two additional collection trucks and modify collection routes
Date to be completed:
4/21/2022
TASK 2: The city will work with its hauler to acquire and distribute appropriate containers to all commercial accounts. The city will obtain monthly reports from the hauler to monitor full distribution of carts.
Date to be completed:
4/28/2022
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Resolution No. 22- Page 1 of 2 February 22, 2022
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter Of:
Authorizing the Submittal of a )
Notification of Intent to Comply ) RESOLUTION NO. 22-
With SB 1383 to the California )
Department of Resources )
Recycling and Recovery )
WHEREAS, the California Department of Resources Recycling and Recovery (CalRecycle), in consultation with the California Air Resources Board, has adopted regulatory requirements (Regulations), consistent with the mandate of Senate Bill 1383 (Lara, 2016), that are designed to achieve the organic waste reduction goals established in Section 39730.6 of the Health and Safety Code through a 50 percent reduction in the level of the statewide disposal of organic waste from the 2014 level by 2020 and a 75 percent reduction in the level of the statewide disposal of organic waste from the 2014 level by 2025; and
WHEREAS, the City of Pittsburg is a local jurisdiction required to comply with the Regulations; and
WHEREAS, the City of Pittsburg, like most entities required to comply with the Regulations, will not be able to achieve full compliance with the Regulations during the 2022 calendar year; and
WHEREAS, Senate Bill 619 (Laird, 2021), through amendments to Section 42652.5 of the Public Resources Code (Statute), created a mechanism called a Notification of Intent to Comply through which a local jurisdiction may secure administrative civil penalty relief from any continuing violations of the Regulations for the 2022 calendar year and may be eligible for a broader and longer-term regulatory compliance path, including suspended administrative civil penalties, through a corrective action plan; and WHEREAS, the City of Pittsburg is a local jurisdiction authorized by the Statute to submit a Notification of Intent to Comply for CalRecycle approval; and WHEREAS, by submitting the Notification of Intent to Comply the City of Pittsburg represents and certifies that it will implement the proposed actions to remedy the violations according to the proposed corrective action plan schedule as approved by CalRecycle and in accordance with the Statute and Regulations; and
WHEREAS, CalRecycle shall approve a Notification of Intent to Comply that is duly adopted by the City of Pittsburg by formal written resolution and meets the requirements of the Statute.
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Pittsburg hereby authorizes the City Manager or his designee to submit the attached Notification of Intent to Comply to CalRecycle for approval.
103
Resolution No. 22- Page 2 of 2 February 22, 2022
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 22nd day of February 2022, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
_____________________________
Holland Barrett White, Mayor
ATTEST:
___________________________
Alice E. Evenson, City Clerk
104
OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Receive and File the Treasurer’s Report for the Quarter Ending December 31, 2021
MEETING DATE: February 22, 2022
EXECUTIVE SUMMARY
Attached is the Treasurer’s Report for the fiscal quarter ending December 31, 2021. The report includes the combined detailed information of the City and the Successor Agency’s (Agency) investments, which are compliant with the City’s and Agency’s Investment Policies.
FISCAL IMPACT
Net investment income for the quarter ending December 31, 2021, was $52,800 which includes regular earnings and market value adjustments as required by Governmental Accounting Standards Board Statement Number 31.
The City’s and Agency’s expenditure requirements for the next six months are covered by anticipated revenues from operations and maturing investments.
RECOMMENDATION
City Council accept the Treasurer’s Report for the quarter ending December 31, 2021, for information purposes only.
BACKGROUND
Each fiscal quarter, an Investment Summary Report is required to be provided, by policy, to the City Council for review.
SUBCOMMITTEE FINDINGS
This item was not reviewed by a subcommittee.
105
STAFF ANALYSIS
The City’s objectives in order of priority, are to provide safety, ensure the preservation of capital, provide sufficient liquidity for cash needs and earn a competitive rate of return (yield) within the confines of the California Government Code and the Investment Policy. Chandler Asset Management is responsible for managing investments in accordance with the City’s investment policy. All portfolio holdings were held with investment grade securities.
The advisor-managed funds are comprised of operating funds managed in a Core Portfolio account, as well as several Non-Successor Agency bond-related funds. The City’s advisor works to achieve the City’s objectives by investing in high quality fixed income securities consistent with the City’s investment policy and California Government Code.
The Core Portfolio represents the City’s cash reserves. Its return objective is to enhance both interest income and principal value as measured by total return. Total return reflects the value added to the portfolio for a period of time from interest income, realized gains and losses, as well as unrealized gains and losses. The portfolio’s total return for the quarter was -0.49%, comparing to the City performance benchmark of -0.53%, the Intercontinental Exchange Bank of America Merrill Lynch (ICE BAML) 1-3 Year U.S. Treasury/Agency Index.
Since inception (7/31/2018), the portfolio’s total return through quarter end is 2.36%, which slightly overperformed the benchmark return of 2.21% for the same period. Total returns for the quarter and since inception reflect fluctuations in market value. Actual investment earnings for the quarter total $52,800.
106
Governmental Accounting Standards Board Statement 31 requires the City to recognize the fair market value of its investments at the end of each fiscal year. The market values of investments included in this report were obtained from the State Controller’s office for Local Agency Investment Funds (LAIF), and from the City’s registered investment advisor and bond trustees for longer-term investments. Market values change on a daily basis. The change in market value is considered temporary in nature, as the City mostly holds its investments until maturity, when they can be redeemed at par value.
Attached is the Chandler Asset Management (CAM) Investment Report detailing an economic update, account profile and investment activity for the quarter ending December 31, 2021.
ATTACHMENTS: Letter from City Treasurer
Investment Report by Chandler Asset Management
Report Prepared By: Christina Nguyen, Accountant I
Report Reviewed By: Laura Mendez, Finance Manager of Reporting 107
108
CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com
INVESTMENT REPORT
Period Ending December 31, 2021
City of Pittsburg
109
SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Consolidated Information
SECTION 4 Portfolio Holdings
SECTION 5 Transactions
Table of Contents As of December 31, 2021
1 110
SECTION |
Section 1 |
Economic Update
2 111
Economic Update
▪
▪
▪
We believe economic growth is likely to moderate but remain above-trend in 2022,as US fiscal support begins to wane, and the Federal Reserve becomes less accommodative. We expect continued improvement in the labor market, particularly an increase in the participation rate, will help drive economic growth this year as the health situation improves. Consumer spending, the largest component of US GDP, should also remain solid, supported by healthy consumer balance sheets and an improving labor market, in our view. We anticipate inventory rebuilding will likely be a significant driver of US GDP growth in the second half of the year as well. Our outlook is predicated on an improving global health backdrop, though risks to the downside remain. Over the near-term, we believe the omicron variant will hinder economic growth and we expect financial market volatility will be elevated. Inflation readings continue to run hot, but we believe inflation may be at or near a peak and pricing pressures are likely to abate as we move through the year.
The Federal Open Market Committee (FOMC) kept the fed funds target rate unchanged in December, in a range of 0.0%-
0.25%, but announced plans to accelerate the pace of their tapering process. The Fed will reduce the magnitude of their monthly asset purchases by $30billion in January, doubling the pace of the monthly reduction in asset purchases that began in November. Should the Fed continue to reduce their monthly asset purchases at the new pace, their bond-buying program would end this spring (late-March or mid-April). The FOMC’s updated Summary of Economic Projections indicates that policymakers may be prepared to hike the fed funds rate three times in 2022(based on the median estimate), up from the previous projection of just one 25 basis point hike. The Fed’s updated projections suggest that these hikes would be amid a backdrop of strong economic growth. With inflation now more elevated and prolonged than originally anticipated, we believe the Fed’s decision to accelerate the tapering process is prudent. However, we do not believe that monetary policy is on a pre-set course and expect the Fed will adjust policy if necessary, depending on developments in the economy.
In December, the 2-year Treasury yield increased nearly 17 basis points to 0.73%, the 5-year Treasury yield increased ten basis points to 1.26%, and the 10-year Treasury yield increased about seven basis points to 1.51% in the month. So far in January, we have seen a relatively swift move upward in Treasury yields across the curve. 3 112
Source: US Department of Labor Source: US Department of Labor Employment
Job growth slowed in December, with US nonfarm payroll growth of just 199,000in the month versus the consensus forecast of 450,000,but the unemployment rate still declined to 3.9%, the lowest level since February 2020.On a trailing 3-month and 6-month basis, payrolls increased an average of 365,000 and 508,000 per month, respectively, which still compares favorably to the average job gains in the five years leading up to the pandemic of about 196,000 per month. We believe a variety of factors are keeping some workers out of the labor force for now, which continues to hold back job growth despite strong demand from employers. The labor participation rate was unchanged in December at 61.9% and remains lower than the pre-pandemic level of 63.4%. The employment-population ratio increased to 59.5% in December form 59.3% in November, but also remains below the pre-pandemic level of 61.2%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons, declined to 7.3% in December from 7.7% in November (versus 7.0% in February 2020). Annualized average hourly earnings rose 0.6% month-over-month and were up 4.7% year-over-year in December versus
5.1% in November.
-22,000
-18,000
-14,000
-10,000
-6,000
-2,000
2,000
6,000
MOM Change In (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3 month average (000's)
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
24.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
4 113
Initial Claims for Unemployment
-
5,000
10,000
15,000
20,000
25,000
In thousands
Initial Jobless Claims
Continuing Claims
Initial Claims For Unemployment May 01, 2020 - January 14, 2022 In the most recent week, the number of initial jobless claims was 286,000, versus 231,000 in the prior week. The level of continuing unemployment claims (where the data is lagged by one week) declined to 1.635 million from 1.551 million in the prior week. Continuing jobless claims have declined significantly from the peak of nearly 25 million in May 2020,and are in the range of pre-pandemic levels (the 2019 average was 1.7 million).
Source: US Department of Labor
5 114
Source: US Department of Labor Source: US Department of Commerce Inflation
The Consumer Price Index (CPI) was up 7.0% year-over-year in December, versus up 6.8% year-over-year in November. Core CPI (CPI less food and energy) was up 5.5% year-over-year in December, versus up 4.9% in November. Pricing pressures were widespread in December, with notable gains for used cars and trucks, new vehicles, food, and rent. The Personal Consumption Expenditures (PCE) index was up 5.7% year- over-year in November, up from 5.1% in October. Core PCE was up 4.7% year-over-year in November, versus up 4.2% in October. Current inflation readings continue to run well above the Fed’s longer-run target of around 2.0%. While we believe year-over-year inflation may be at or near a peak, and pricing pressures are likely to abate as we move through the year, we expect inflationary pressures will remain elevated over the near-term.
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
YOY( %) Change
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY( %) Change
6 115
On a year-over-year basis, retail sales were up 16.9% in December versus up 18.2% in November. On a month-over-month basis, retail sales were softer than expected in December, down 1.9% versus expectations of down 0.1%, following a modest gain of just 0.2% in November.
Excluding vehicles and gas, retail sales were down 2.5% month-over-month. In our view, the data suggests that consumers started shopping early in the holiday season and that high gas prices are likely taking some wallet share. We believe the surge in Omicron virus cases likely hindered December sales as well. We remain constructive on the outlook for consumer spending this year, but we believe the current surge in virus cases is likely to take a toll on January retail sales. Looking further ahead, we believe high levels of consumer savings along with improvement in the health situation and continued improvement in the labor market, should provide a healthy tailwind for consumer spending. The Consumer Confidence index increased to 115.8 in December from 111.9 in November. The improvement came despite the arrival of the omicron variant and still elevated inflation.
Source: US Department of Commerce Source: The Conference Board -30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Retail Sales YOY % Change
YOY (%) Change
80 90
100
110
120
130
140
Index Level
Consumer Confidence
Consumer
7 116
Source: The Conference Board Source: Federal Reserve Bank of Chicago Economic Activity
The Conference Board’s Leading Economic Index (LEI) increased 0.8% month-over-month in December, following a 0.7% increase in November.
On a year-over-year basis, the LEI was up 8.5% in December versus up 8.4% in November. The Conference Board believes the December increase in the LEI suggests that the economic expansion will continue into the spring, but they caution that headwinds from the virus, labor shortages, inflation, and expected rate hikes by the Fed pose risks to the outlook. The Conference Board expects GDP growth to moderate in the first quarter to 2.2% but they are forecasting 3.5% growth for the full year. Meanwhile, the Chicago Fed National Activity Index (CFNAI) declined to -0.15 in December from 0.44 in November, suggesting that economic growth declined in December. We believe the rapid spread of the Omicron variant in December contributed to the overall decline. On a 3-month moving average basis, the CFNAI increased to 0.33 in December versus 0.40 in November.
-8.00
-6.00
-4.00
-2.00
0.00 2.00
4.00 6.00
Chicago Fed National Activity Index (CFNAI)
3 Month Average
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
Leading Economic Indicators (LEI)
MOM ( %) Change
8 117
Source: US Department of Commerce Source: S&P
Housing
0 200
400
600
800
1000
1200
1400
1600
1800
2000
MOM Change (In Thousands of Units)
Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
0.0%
3.0%
6.0%
9.0%
12.0%
15.0%
18.0%
21.0%
24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
YOY( %) Change
Total housing starts increased 1.4% in December to an annual pace of 1,702,000. Single-family starts declined 2.3% while multi-family starts increased 10.6%, month-over-month. On a year-over-year basis total housing starts were up 2.5% in December. According to the Case-Shiller 20- City home price index, home prices were up 18.4% year-over-year in October versus up 19.1% year-over-year in September, suggesting the acceleration in home prices is easing. However, tight supply will likely continue to support prices. 9 118
Source: Institute for Supply Management Source: Federal Reserve Manufacturing
The Institute for Supply Management (ISM) manufacturing index declined to 58.7 in December from 61.1 in November. Nevertheless, readings above 50.0 are indicative of expansion in the manufacturing sector. The Industrial Production index was up 3.7% in December, versus up 5.0% in November. On a month-over-month basis, the Industrial Production index declined 0.1% in December, following an upwardly revised 0.7% increase in November. Manufacturing production likely remains constrained by supply chain bottlenecks, and capacity utilization declined to
76.5% in December from 76.6% in November. Although capacity utilization remains below its longer-run average of 79.6%, it is running above the pre-pandemic level of 76.3%.
40 42
44 46
48 50
52 54
56 58
60 62
64 66
Institute of Supply Management Purchasing Manager
Index
EXPANDING
CONTRACTING
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
Industrial Production
YOY( %) Change
10 119
Source: US Department of Commerce Source: US Department of Commerce 12/20 3/21 6/21 9/21
2.3% 7.4% 7.9% 1.4%
4.0% -0.4% -0.7% 2.1%
-1.7% -1.6% -0.2% -1.3%
-0.2% 0.8% -0.4% -0.4%
0.1% 0.0% 0.0% 0.5%
4.5% 6.3% 6.7% 2.3%
Gross Private Domestic Investment
Personal Consumption Expenditures
Components of GDP
Federal Government Expenditures
State and Local (Consumption and Gross
Investment)
Net Exports and Imports
Total
-35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Gross Domestic Product (GDP)
Real US gross domestic product (GDP) growth decelerated in the third quarter of 2021amid widespread supply chain disruptions and a surge in the Covid Delta variant. However, third quarter growth was slightly better than previously estimated. According to the final estimate, third quarter GDP grew at an annualized rate of 2.3% in the third quarter, revised up from the second estimate of 2.1% and the advance estimate of
2.0%. This follows a much stronger pace of growth in the first half of 2021, with first and second quarter annualized GDP growth up 6.3% and
6.7%, respectively. The consensus estimate is 5.9% GDP growth in the fourth quarter, and 2.9% GDP growth in the current quarter. We anticipate the recent surge of omicron cases in the US will hamper current quarter economic growth. 11 120
Federal Reserve
Source: Federal Reserve Source: Bloomberg
Last year, the Fed took a wide range of aggressive actions to help stabilize and provide liquidity to the financial markets. The Fed lowered the fed funds target rate to a range of 0.0%-0.25% and started purchasing Treasury and agency mortgage-backed securities (MBS) to support smooth market functioning. Last year, policymakers reinstated the Commercial Paper Funding Facility and Money Market Mutual Fund Liquidity Facility, and established the Primary Market Corporate Credit Facility, Secondary Market Corporate Credit Facility, Term Asset-Backed Securities Loan Facility, Paycheck Protection Program Liquidity Facility, Main Street Lending Facility, and Municipal Liquidity Facility. The Fed has also provided short-term funding through large-scale repo operations and lowered the reserve requirement for depository institutions.
Many of the Fed's lending facilities expired at the end of 2020. In June 2021, the Fed announced plans to unwind its corporate credit facility.
The Fed started to taper their Treasury and agency MBS purchases in November 2021,and we believe the Fed's bond-buying program is likely to end in the spring of 2022. The Fed has also signaled that they are likely to start hiking the fed funds target rate in 2022.
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
Effective Federal Funds Rate
Yield (%)
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
Federal Reserve Balance Sheet Assets
In $ millions
12 121
Source: Bloomberg Source: Bloomberg
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
US Treasury Yield Curve
Dec-21
Sep-21
Dec-20
Yield (%)
Bond Yields
At the end of December, the 2-year Treasury yield was about 61 basis points higher and the 10-Year Treasury yield was about 60 basis points higher, year-over-year. The spread between the 2-year Treasury yield and 10-year Treasury yield was 78 basis points at year-end compared to the average historical spread (since 2002) of about 135 basis points. 13 122
Section 2|SECTION |
Section 2 |
Account Profile
14 123
Objectives
Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.
Investment Objectives
The investment objectives for the City of Pittsburg, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program.
Strategy
In order to achieve these objectives, the portfolio invests in high quality fixed income securities consistent with the City’s investment policy and California Government Code.
As of December 31, 2021
15 124
Compliance As of December 31, 2021
Category Standard Comment
Treasury Issues No limit Complies
Agency Issues No limit Complies
Supranationals "AA" rated or one of the two highest rating categories by a NRSRO; 30% maximum; 5% max per issuer; USD denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by IBRD, IFC, IADB Complies Municipal Obligations "A" rated or one of the top three rating categories by a NRSRO; 30% maximum; 5% max per issuer Complies Banker’s Acceptances "A-1" rated or highest short-term rating category by a NRSRO; 40% maximum; 5% max per issuer; 180 days max maturity Complies Commercial Paper
"A-1" rated or higher by a NRSRO; "A" long-term rated issuer or higher by a NRSRO, if any; 25% maximum; 5% max per issuer; 270 days max maturity; Issuer is a corporation organized and operating in the U.S. with assets >$500 million; 10% max of the outstanding commercial paper of any single issuer.
Complies
Negotiable Certificates of Deposit
(NCD)
AA- rated or one of the two highest rating categories by a NRSRO; 30% maximum; 5% max per issuer; Issued by nationally or state-chartered bank, a savings association or federal association, a state or federal credit union, or by a federally licensed or state-licensed branch of a foreign bank.
Complies
Time Deposits/Certificates of Deposit
(CD)
"A" rated or one of the three highest rating categories by a NRSRO; 30% maximum; 5% max per issuer; 1 year max maturity; FDIC insured or fully collateralized in financial institutions located in California, including US branches of foreign banks licensed to do business in California
Complies
Corporate Medium Term Notes
"A" rated or one of the three highest categories by a NRSRO; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S.
Complies
Asset-Backed (ABS), Mortgage-Backed
Securities; Pass-Throughs, CMOs
"AA" rated or one of the two highest rating categories by a NRSRO; "A" rated issuer or one of two highest rating categories by a NRSRO; 20% maximum; 5% max per issuer Complies Money Market Mutual Funds Highest rating or "AAA" rated by two NRSROs; or SEC registered adviser with AUM >$500 million and experience greater than 5 years; 20% maximum; 10% max per fund Complies Local Agency Investment Fund (LAIF) $50 million maximum; Not used by IA Complies California Asset Management
Program (CAMP) pursuant to CGC 53601; Not used by IA Complies City of Pittsburg Managed Consolidated
This portfolio is a consolidation of assets managed by Chandler Asset Management. Assets managed by Chandler Asset Management are in full compliance with state law and Client's investment policy. Chandler relies on City to provide accurate information for reporting assets and producing this compliance statement. 16 125
Compliance As of December 31, 2021
Category Standard Comment
Repurchase Agreements "A" rated or one of the three highest categories by two NRSROs; 15% maximum; 5% max per issuer; 90 days max maturity; 102% collateralized; Not used by IA Complies Prohibited
Common stocks, Futures contracts, Options, Inverse floaters, Range notes, Mortgage derived Interest-only strips, Zero interest accrual securities, Any purchase of any security not listed in Section 8-Eligible Investments of the Investment Policy, unless approved by the City Council
Complies
Max Per Fund 10% per fund, with the exception of US Treasuries, Federal Agencies, and authorized pools Complies Max Per Issuer 5% of portfolio per issuer, with the exception of US Treasuries, Federal Agencies, and authorized pools Complies Diversification
With the exception of US Treasury securities, Federal Agency securities, and authorized pools, no more than 30% of the total portfolio, and less where stated, will be invested in a single security type with no more than 5% invested with a single issuer.
Complies
Maximum maturity 5 years Complies
City of Pittsburg Managed Consolidated
This portfolio is a consolidation of assets managed by Chandler Asset Management. Assets managed by Chandler Asset Management are in full compliance with state law and Client's investment policy. Chandler relies on City to provide accurate information for reporting assets and producing this compliance statement. 17 126
Account Structure As of December 31, 2021
*Market value changes daily and is subject to a number of economic forces, including supply and demand, and can incur unrealized gains and losses.
Original Cost Market Value % of Portfolio
Funds Managed Internally
Cash Equivalents 15,017,495.67 15,017,495.67 8.83% Investment Pools 74,909,130.16 74,717,296.87 43.91% Additional Bonded Debt Funds 14,776,387.72 14,796,581.78 8.70% Total 104,703,013.55 104,531,374.32 61.43%
Funds Managed by City's Investment Advisor
Operating Funds 56,767,694.32 56,655,813.03 33.30% Bond Managed Reserve 6,779,630.41 6,779,630.41 3.98% Total 63,547,324.73 63,435,443.44 37.28% City's Section 115 Trust
Section 115 Trust 2,157,286.80 2,190,064.69 1.29% Total 2,157,286.80 2,190,064.69 1.29% Total City Funds 170,407,625.08 170,156,882.45 100.00% 18 127
Sector Allocation As of December 31, 2021
1,2Funds not managed by City's investment adviser; 3Bonded Debt Funds not managed, nor tracked by City's investment adviser *Market value changes daily and is subject to a number of economic forces, including supply and demand, and can incur unrealized gains and losses.
Security Type Original Cost Market Value % of Portfolio Average Maturity Average Yield Operating Funds
Cash Equivalents 1 15,017,495.67 15,017,495.67 10.26% 1 N/A Money Market Funds 70,361.53 70,361.53 0.05% 1 0.01% Investment Pools2 74,909,130.16 74,717,296.87 51.04% 1 N/A Total Liquidity 89,996,987.36 89,805,154.07 61.35% 1 0.01% U.S. Treasury Notes 13,681,081.27 13,668,686.02 9.34% 894 0.86% Federal Agency Securities 24,314,419.10 24,338,690.50 16.63% 537 0.92% Medium-Term Corporate Notes 12,328,028.50 12,229,207.09 8.35% 759 1.08% Asset-Backed Securities 2,729,610.66 2,713,743.39 1.85% 1267 0.49% Supranationals 3,320,797.60 3,311,667.77 2.26% 715 0.89% Collateralized Mortgage Obligations 323,395.66 323,456.73 0.22% 237 2.84% Total Securities 56,697,332.79 56,585,451.50 38.65% 715 0.93% Total Operating Funds 146,694,320.15 146,390,605.57 100.00% 277 0.36% Bonded Debt Funds
Pittsburg Pension Bond 3,902,092.30 3,902,092.30 18.09% 1 0.01% Pittsburg AD Auto Mall 328,819.54 328,819.54 1.52% 1 0.01% Pittsburg AD Vista DM 758,041.71 758,041.71 3.51% 1 0.01% Pittsburg 2011A PIFA AD Ser 1,556,274.95 1,556,274.95 7.21% 1 0.01% Pittsburg 2011B PIFA AD Ser 234,401.91 234,401.91 1.09% 1 0.01% Additional Bonded Debt Funds 3 14,776,387.72 14,796,581.78 68.58% N/A N/A Total Bonded Debt Funds 21,556,018.13 21,576,212.19 100.00% 1 0.01% Section 115 Trust
Equity Mutual Fund 2 2,157,286.80 2,190,064.69
Total Section 115 Trust Funds 2,157,286.80 2,190,064.69 100.00% N/A N/A Total City Funds 170,407,625.08 170,156,882.45
19 128
Portfolio Characteristics
City of Pittsburg Managed Consolidated
12/31/2021
Portfolio
9/30/2021
Portfolio
Average Maturity (yrs) 1.96 1.94
Modified Duration 1.83 1.80
Average Purchase Yield 0.93% 1.03%
Average Market Yield 0.70% 0.34%
Average Quality* AA/Aa1 AA/Aa1
Market Value** 56,655,813 56,923,147
*Portfolio is S&P and Moody’s, respectively.
** Excludes accrued interest
As of December 31, 2021
20 129
-1.00%
-0.50%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
12 months 2 years 3 years 5 years 10 years Since Inception City of Pittsburg ICE BofA 1-3 Yr US Treasury & Agency Index Total Rate of Return Annualized Since Inception 07/31/2018 Annualized
TOTAL RATE OF RETURN 3 months 12 months 2 years 3 years 5 years 10 years Since Inception
City of Pittsburg -0.49% -0.45% 1.35% 2.20% N/A N/A 2.36% ICE BofA 1-3 Yr US Treasury & Agency Index -0.53% -0.55% 1.25% 2.01% N/A N/A 2.21% Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.
Investment Performance
City of Pittsburg
As of December 31, 2021
21 130
Portfolio Characteristics
City of Pittsburg Bond Reserve Consolidated
12/31/2021
Portfolio
9/30/2021
Portfolio
Average Maturity (yrs) 0.00 0.00
Modified Duration 0.00 0.00
Average Purchase Yield 0.01% 0.01%
Average Market Yield 0.01% 0.01%
Average Quality* AAA/Aaa AAA/Aaa
Market Value** 6,779,630 6,779,461
*Portfolio is S&P and Moody’s, respectively.
** Excludes accrued interest
As of December 31, 2021
22 131
SECTION |
Section 3 |
Consolidated Information
23 132
City of Pittsburg Total Consolidated
Sector Distribution
ABS
1.6%
Agency
14.3%
Cash
17.5%
CMO
0.2%
Corporate
7.2%Equity Mutual
Fund
1.3%
Investment Pool
43.9%
Money Market
Fund
4.0%
Supranational
2.0%
US Treasury
8.0%
December 31, 2021 September 30, 2021
ABS
1.5%
Agency
16.0%
Cash
15.6%
CMO
0.2%
Corporate
7.4%Equity Mutual
Fund
1.2%
Investment Pool
42.5%
Money Market
Fund
4.4%
Supranational
2.1%
US Treasury
8.8%
As of December 31, 2021
24 133
Issue Name Investment Type S&P Rating Moody Rating % Portfolio City of Pittsburg Investment Pool NR NR 43.88%
City of Pittsburg Cash NR NR 17.51%
Government of United States US Treasury AA+ Aaa 8.04%
Federal Home Loan Mortgage Corp Agency AA+ Aaa 4.73%
Wells Fargo Adv Tsy Plus Money Market Fund Money Market Fund AAA Aaa 3.98% Federal Home Loan Bank Agency AA+ Aaa 3.85%
Federal Farm Credit Bank Agency AA+ Aaa 3.39%
Federal National Mortgage Association Agency AA+ Aaa 2.35% City of Pittsburg PARS 115 Trust Equity Mutual Fund NR NR 1.29% Intl Bank Recon and Development Supranational AAA Aaa 1.00% Inter-American Dev Bank Supranational AAA Aaa 0.95%
Bank of New York Corporate A A1 0.59%
JP Morgan Chase & Co Corporate A- A2 0.57%
Toyota Motor Corp Corporate A+ A1 0.53%
Deere & Company Corporate A A2 0.53%
Toronto Dominion Holdings Corporate A A1 0.46%
Apple Inc Corporate AA+ Aaa 0.45%
Amazon.com Inc Corporate AA A1 0.44%
Bank of Montreal Chicago Corporate A- A2 0.44%
Paccar Financial Corporate A+ A1 0.43%
Charles Schwab Corp/The Corporate A A2 0.42%
Truist Financial Corporation Corporate A- A3 0.42%
Caterpillar Inc Corporate A A2 0.41%
John Deere ABS ABS NR Aaa 0.39%
MasterCard Inc Corporate A+ A1 0.36%
Bank of America Corp Corporate A- A2 0.32%
US Bancorp Corporate A+ A2 0.31%
Royal Bank of Canada Corporate A A2 0.30%
Toyota ABS ABS NR Aaa 0.30%
Toyota ABS ABS AAA NR 0.24%
Honda ABS ABS AAA NR 0.21%
Federal Home Loan Mortgage Corp CMO NR Aaa 0.19%
Honda ABS ABS NR Aaa 0.19%
Mercedes-Benz Auto Lease Trust ABS AAA NR 0.16%
United Health Group Inc Corporate A+ A3 0.15%
BMW Vehicle Lease Trust ABS NR Aaa 0.10%
Salesforce.com Inc Corporate A+ A2 0.07%
Wells Fargo Advantage Govt Money Market Fund Money Market Fund AAA Aaa 0.04% TOTAL 100%
Issuers
City of Pittsburg Total Consolidated – Account #10638
As of December 31, 2021
25 134
AAA AA A <A NR
12/31/21 6.6% 23.2% 6.3% 0.0% 63.8%
09/30/21 7.1% 25.6% 6.4% 0.3% 60.6%
Source: S&P Ratings
December 31, 2021 vs. September 30, 2021
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
AAA AA A <A NR
12/31/2021 9/30/2021
Quality Distribution
City of Pittsburg Total Consolidated
As of December 31, 2021
26 135
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
55.0%
60.0%
65.0%
70.0%
75.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ December 31, 2021 September 30, 2021
December 31, 2021 vs. September 30, 2021
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 12/31/21 67.7% 0.8% 3.7% 14.3% 11.4% 2.0% 0.0% 0.0%
09/30/21 64.8% 1.8% 3.6% 13.7% 15.3% 0.8% 0.0% 0.0%
City of Pittsburg Total Consolidated
Duration Distribution As of December 31, 2021
27 136
SECTION |
Section 3 |
Portfolio Holdings
28 137
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
47789KAC7 John Deere Owner Trust 2020-A A3
1.100% Due 08/15/2024
234,912.30 03/04/2020
1.11%
234,897.94
234,903.81
100.35
0.58%
235,738.72
114.85
0.14%
834.91
Aaa / NR
AAA
2.62 0.68
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-B A3
0.400% Due 11/15/2024
275,000.00 06/22/2021
0.40%
274,979.24
274,983.39
99.25 0.81%
272,926.22
48.89 0.16%
(2,057.17)
NR / AAA
AAA
2.88 1.85
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3
0.330% Due 12/26/2024
175,000.00 09/08/2021
0.34%
174,981.94
174,984.29
99.24 0.80%
173,664.23
9.63 0.10%
(1,320.06)
Aaa / NR
AAA
2.99 1.64
89236XAC0 Toyota Auto Receivables 2020-D A3
0.350% Due 01/15/2025
235,000.00 10/06/2020
0.36%
234,956.22
234,968.75
99.74 0.64%
234,395.11
36.56 0.14%
(573.64)
NR / AAA
AAA
3.04 0.90
43813GAC5 Honda Auto Receivables Trust 2021-1 A3
0.270% Due 04/21/2025
140,000.00 02/17/2021
0.27%
139,997.44
139,998.15
99.47 0.71%
139,253.10
10.50 0.08%
(745.05)
Aaa / NR
AAA
3.31 1.21
89240BAC2 Toyota Auto Receivables Owners 2021-A A3
0.260% Due 05/15/2025
510,000.00 02/02/2021
0.27%
509,905.34
509,932.71
99.50 0.67%
507,437.25
58.93 0.30%
(2,495.46)
Aaa / NR
AAA
3.37 1.23
47788UAC6 John Deere Owner Trust 2021-A A3
0.360% Due 09/15/2025
200,000.00 03/02/2021
0.37%
199,961.56
199,970.24
99.19 0.84%
198,382.00
32.00 0.12%
(1,588.24)
Aaa / NR
AAA
3.71 1.70
43815EAC8 Honda Auto Receivables 2021-3 A3
0.410% Due 11/18/2025
365,000.00 08/17/2021
0.41%
364,994.67
364,995.25
98.94 0.98%
361,146.70
54.04 0.21%
(3,848.55)
NR / AAA
AAA
3.88 1.87
43815GAC3 Honda Auto Receivables Trust 2021-4 A3
0.880% Due 01/21/2026
185,000.00 11/16/2021
0.89%
184,961.00
184,962.25
99.76 0.99%
184,553.60
45.22 0.11%
(408.65)
Aaa / NR
AAA
4.06 2.13
47789QAC4 John Deere Owner Trust 2021-B A3
0.520% Due 03/16/2026
235,000.00 07/13/2021
0.52%
234,979.04
234,981.62
98.86 1.02%
232,322.18
54.31 0.14%
(2,659.44)
Aaa / NR
AAA
4.21 2.30
89238JAC9 Toyota Auto Receivables Trust 2021-D A3
0.710% Due 04/15/2026
175,000.00 11/09/2021
0.71%
174,996.27
174,996.42
99.39 1.37%
173,924.28
55.22 0.10%
(1,072.14)
NR / AAA
AAA
4.29 0.94
TOTAL ABS 2,729,912.30 0.49%
2,729,610.66
2,729,676.88 0.83%
2,713,743.39
520.15
1.59%
(15,933.49)
Aaa / AAA
Aaa
3.47 1.49
Agency
313379Q69 FHLB Note
2.125% Due 06/10/2022
1,100,000.00 05/20/2019
2.24%
1,096,205.00
1,099,455.91
100.83
0.25%
1,109,089.30
1,363.54
0.65%
9,633.39
Aaa / AA+
AAA
0.44 0.44
3137EAET2 FHLMC Note
0.125% Due 07/25/2022
1,000,000.00 07/27/2020
0.23%
997,910.00
999,410.66
99.95 0.22%
999,478.00
541.67
0.59%
67.34 Aaa / AA+
AAA
0.56 0.57
3133EKY91 FFCB Note
1.375% Due 10/11/2022
1,000,000.00 10/08/2019
1.46%
997,430.00
999,336.40
100.97
0.12%
1,009,740.00
3,055.56
0.59%
10,403.60
Aaa / AA+
AAA
0.78 0.77
3130AFE78 FHLB Note
3.000% Due 12/09/2022
1,300,000.00 01/18/2019
2.74%
1,312,207.00
1,302,946.22
102.45
0.38%
1,331,848.70
2,383.33
0.78%
28,902.48
Aaa / AA+
AAA
0.94 0.93
As of December 31, 2021
29 138
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
3133EKUA2 FFCB Note
1.850% Due 02/01/2023
700,000.00 07/23/2019
1.86%
699,825.00
699,946.20
101.76
0.22%
712,353.60
5,395.83
0.42%
12,407.40
Aaa / AA+
AAA
1.09 1.07
3133ELNW0 FFCB Note
1.450% Due 02/21/2023
1,000,000.00 02/19/2020
1.45%
999,970.00
999,988.61
101.38
0.23%
1,013,825.00
5,236.11
0.60%
13,836.39
Aaa / AA+
AAA
1.14 1.13
3137EAEQ8 FHLMC Note
0.375% Due 04/20/2023
1,000,000.00 06/03/2020
0.32%
1,001,440.00
1,000,650.06
99.78 0.55%
997,765.00
739.58
0.59%
(2,885.06)
Aaa / AA+
AAA
1.30 1.30
3137EAER6 FHLMC Note
0.375% Due 05/05/2023
975,000.00 05/05/2020
0.39%
974,590.50
974,816.79
99.78 0.54%
972,892.05
568.75
0.57%
(1,924.74)
Aaa / AA+
AAA
1.34 1.34
3135G04Q3 FNMA Note
0.250% Due 05/22/2023
1,470,000.00 Various
0.29%
1,468,435.30
1,469,271.34
99.59 0.55%
1,463,940.66
398.12
0.86%
(5,330.68)
Aaa / AA+
AAA
1.39 1.39
3133834G3 FHLB Note
2.125% Due 06/09/2023
1,000,000.00 06/14/2019
1.93%
1,007,470.00
1,002,693.93
102.19
0.60%
1,021,858.00
1,298.61
0.60%
19,164.07
Aaa / AA+
NR
1.44 1.42
3135G05G4 FNMA Note
0.250% Due 07/10/2023
910,000.00 07/08/2020
0.32%
908,043.50
909,008.35
99.46 0.60%
905,122.40
1,080.63
0.53%
(3,885.95)
Aaa / AA+
AAA
1.52 1.52
3133EKZK5 FFCB Note
1.600% Due 08/14/2023
1,000,000.00 08/09/2019
1.63%
998,710.00
999,479.06
101.96
0.39%
1,019,559.00
6,088.89
0.60%
20,079.94
Aaa / AA+
AAA
1.62 1.59
3133EL3V4 FFCB Note
0.200% Due 08/14/2023
1,000,000.00 08/12/2020
0.27%
997,910.00
998,873.88
99.71 0.38%
997,062.00
761.11
0.59%
(1,811.88)
Aaa / AA+
AAA
1.62 1.61
3137EAEV7 FHLMC Note
0.250% Due 08/24/2023
1,040,000.00 08/19/2020
0.28%
1,038,939.20
1,039,420.33
99.36 0.64%
1,033,348.16
917.22
0.61%
(6,072.17)
Aaa / AA+
AAA
1.65 1.64
3130A3DL5 FHLB Note
2.375% Due 09/08/2023
1,000,000.00 08/29/2019
1.50%
1,033,950.00
1,014,203.57
102.93
0.62%
1,029,341.00
7,454.86
0.61%
15,137.43
Aaa / AA+
NR
1.69 1.65
3137EAEW5 FHLMC Note
0.250% Due 09/08/2023
1,210,000.00 Various
0.26%
1,209,535.70
1,209,739.48
99.33 0.65%
1,201,905.10
949.51
0.71%
(7,834.38)
Aaa / AA+
AAA
1.69 1.68
3133EMBS0 FFCB Note
0.200% Due 10/02/2023
1,000,000.00 09/28/2020
0.24%
998,810.00
999,305.56
99.60 0.43%
996,032.00
494.44
0.59%
(3,273.56)
Aaa / AA+
AAA
1.75 1.75
3137EAEY1 FHLMC Note
0.125% Due 10/16/2023
885,000.00 10/14/2020
0.25%
881,698.95
883,031.43
99.02 0.68%
876,336.74
230.47
0.51%
(6,694.69)
Aaa / AA+
AAA
1.79 1.78
3137EAEZ8 FHLMC Note
0.250% Due 11/06/2023
1,155,000.00 11/03/2020
0.28%
1,153,960.50
1,154,360.75
99.13 0.73%
1,144,899.53
441.15
0.67%
(9,461.22)
Aaa / AA+
AAA
1.85 1.84
3135G06H1 FNMA Note
0.250% Due 11/27/2023
1,020,000.00 11/23/2020
0.29%
1,018,837.20
1,019,263.31
99.13 0.71%
1,011,170.88
240.83
0.59%
(8,092.43)
Aaa / AA+
AAA
1.91 1.90
3137EAFA2 FHLMC Note
0.250% Due 12/04/2023
825,000.00 12/02/2020
0.28%
824,183.25
824,476.38
99.07 0.74%
817,290.38
154.69
0.48%
(7,186.00)
Aaa / AA+
AAA
1.93 1.91
3130A3VC5 FHLB Note
2.250% Due 12/08/2023
1,000,000.00 02/13/2020
1.46%
1,029,240.00
1,014,819.41
102.92
0.73%
1,029,237.00
1,437.50
0.61%
14,417.59
Aaa / AA+
NR
1.94 1.90
As of December 31, 2021
30 139
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
3135G0V34 FNMA Note
2.500% Due 02/05/2024
600,000.00 01/30/2020
1.44%
624,768.00
612,924.64
103.56
0.78%
621,348.00
6,083.33
0.37%
8,423.36
Aaa / AA+
AAA
2.10 2.03
3130A7PH2 FHLB Note
1.875% Due 03/08/2024
1,000,000.00 03/03/2020
0.85%
1,040,350.00
1,021,951.50
102.32
0.80%
1,023,248.00
5,885.42
0.60%
1,296.50
Aaa / AA+
NR
2.19 2.13
TOTAL Agency 24,190,000.00 0.92%
24,314,419.10
24,249,373.77 0.52%
24,338,690.50
53,201.15
14.32%
89,316.73
Aaa / AA+
Aaa
1.47 1.45
Cash
90PITT$00 City of Pittsburg Cash Equivalents 15,017,495.67 Various
0.00%
15,017,495.67
15,017,495.67
1.00 0.00%
15,017,495.67
0.00 8.82%
0.00 NR / NR
NR
0.00 0.00
90PITT$02 City of Pittsburg Additional Bonded Debt Funds 14,776,387.72 Various
0.00%
14,776,387.72
14,776,387.72
1.00 0.00%
14,796,581.78
0.00 8.69%
20,194.06
NR / NR
NR
0.00 0.00
TOTAL Cash 29,793,883.39 0.00%
29,793,883.39
29,793,883.39 0.00%
29,814,077.45
0.00 17.51%
20,194.06
NR / NR
NR
0.00 0.00
CMO
3137BM6P6 FHLMC K721 A2
3.090% Due 08/25/2022
320,665.00 04/04/2018
2.84%
323,395.66
321,068.02
100.87
0.66%
323,456.73
825.71
0.19%
2,388.71
Aaa / NR
NR
0.65 0.44
TOTAL CMO 320,665.00 2.84%
323,395.66
321,068.02 0.66%
323,456.73
825.71
0.19%
2,388.71
Aaa / NR
NR
0.65 0.44
Corporate
06406RAA5 Bank of NY Mellon Corp Callable Note Cont 1/7/2022
2.600% Due 02/07/2022
1,000,000.00 02/07/2017
2.59%
1,000,460.00
1,000,009.34
100.04
0.29%
1,000,376.00
10,400.00
0.59%
366.66
A1 / A
AA-
0.10 0.02
05531FAX1 Truist Financial Corporation Callable Note Cont 3/1/2022
2.750% Due 04/01/2022
710,000.00 04/03/2017
2.59%
715,360.50
710,176.69
100.40
0.32%
712,867.69
4,881.25
0.42%
2,691.00
A3 / A-
A
0.25 0.17
89236TEC5 Toyota Motor Credit Corp Note
2.150% Due 09/08/2022
475,000.00 09/08/2017
2.18%
474,439.50
474,923.09
101.12
0.51%
480,317.63
3,205.59
0.28%
5,394.54
A1 / A+
A+
0.69 0.68
69371RQ41 Paccar Financial Corp Note
1.900% Due 02/07/2023
500,000.00 10/31/2019
1.90%
499,975.00
499,991.54
101.22
0.79%
506,079.50
3,800.00
0.30%
6,087.96
A1 / A+
NR
1.10 1.08
24422EVN6 John Deere Capital Corp Note
0.450% Due 01/17/2024
485,000.00 03/01/2021
0.47%
484,655.65
484,755.11
99.05 0.92%
480,388.14
994.25
0.28%
(4,366.97)
A2 / A
A
2.05 2.02
91159HHG8 US Bancorp Callable Note Cont 12/29/2023
3.700% Due 01/30/2024
500,000.00 11/27/2019
2.03%
532,435.00
515,846.94
105.59
0.87%
527,934.50
7,759.72
0.31%
12,087.56
A2 / A+
A+
2.08 1.91
As of December 31, 2021
31 140
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
69371RR24 Paccar Financial Corp Note
0.350% Due 02/02/2024
225,000.00 01/28/2021
0.39%
224,739.00
224,818.37
98.68 0.99%
222,026.63
325.94
0.13%
(2,791.74)
A1 / A+
NR
2.09 2.07
808513BN4 Charles Schwab Corp Callable Note Cont 2/18/2024
0.750% Due 03/18/2024
725,000.00 Various
0.69%
726,181.50
725,864.94
99.57 0.95%
721,889.03
1,555.73
0.42%
(3,975.91)
A2 / A
A
2.21 2.18
023135BW5 Amazon.com Inc Note
0.450% Due 05/12/2024
750,000.00 Various
0.67%
745,836.00
746,078.95
99.04 0.86%
742,786.50
459.38
0.44%
(3,292.45)
A1 / AA
AA-
2.36 2.34
91324PEB4 United Health Group Inc Callable Note Cont 5/15/2022
0.550% Due 05/15/2024
250,000.00 11/08/2021
0.78%
248,565.00
248,646.37
99.22 0.88%
248,055.00
175.69
0.15%
(591.37)
A3 / A+
A
2.37 2.35
14913R2L0 Caterpillar Financial Service Note
0.450% Due 05/17/2024
715,000.00 05/10/2021
0.50%
714,041.90
714,242.09
98.78 0.97%
706,277.72
393.25
0.41%
(7,964.37)
A2 / A
A
2.38 2.36
24422EVQ9 John Deere Capital Corp Note
0.450% Due 06/07/2024
425,000.00 06/07/2021
0.49%
424,468.75
424,568.39
98.78 0.96%
419,798.85
127.50
0.25%
(4,769.54)
A2 / A
A
2.44 2.41
89114QCA4 Toronto Dominion Bank Note
2.650% Due 06/12/2024
750,000.00 04/23/2021
0.65%
796,327.50
786,226.32
103.75
1.09%
778,096.50
1,048.96
0.46%
(8,129.82)
A1 / A
AA-
2.45 2.37
06051GJY6 Bank of America Corp Callable Note Cont 6/14/2023
0.523% Due 06/14/2024
540,000.00 06/07/2021
0.50%
540,036.00
540,029.40
99.35 0.77%
536,464.08
133.37
0.32%
(3,565.32)
A2 / A-
AA-
2.45 2.43
89236TJH9 Toyota Motor Credit Corp Note
0.500% Due 06/18/2024
425,000.00 06/15/2021
0.54%
424,494.25
424,585.16
98.54 1.10%
418,812.00
76.74 0.25%
(5,773.16)
A1 / A+
A+
2.47 2.44
06367TQW3 Bank of Montreal Note
0.625% Due 07/09/2024
750,000.00 09/10/2021
0.65%
749,392.50
749,456.85
98.66 1.17%
739,946.25
2,239.58
0.44%
(9,510.60)
A2 / A-
AA-
2.52 2.48
79466LAG9 Salesforce.com Inc Callable Note Cont 7/15/2022
0.625% Due 07/15/2024
115,000.00 06/29/2021
0.64%
114,941.35
114,950.58
99.09 0.99%
113,952.47
337.41
0.07%
(998.11)
A2 / A+
NR
2.54 2.50
037833DM9 Apple Inc Callable Note Cont 8/11/2024
1.800% Due 09/11/2024
750,000.00 08/18/2021
0.58%
776,857.50
773,546.64
102.21
0.94%
766,559.25
4,125.00
0.45%
(6,987.39)
Aaa / AA+
NR
2.70 2.54
78015K7C2 Royal Bank of Canada Note
2.250% Due 11/01/2024
500,000.00 05/19/2021
0.73%
525,750.00
521,151.79
102.74
1.26%
513,704.00
1,875.00
0.30%
(7,447.79)
A2 / A
AA-
2.84 2.74
46647PBY1 JP Morgan Chase & Co Callable Note Cont 2/16/2024
0.563% Due 02/16/2025
390,000.00 02/09/2021
0.54%
390,000.00
390,000.00
98.57 1.00%
384,417.15
823.39
0.23%
(5,582.85)
A2 / A-
AA-
3.13 3.08
57636QAN4 MasterCard Inc Callable Note 1x 02/03/2025
2.000% Due 03/03/2025
600,000.00 10/28/2021
1.04%
618,294.00
617,356.24
102.56
1.15%
615,349.80
3,933.33
0.36%
(2,006.44)
A1 / A+
NR
3.17 2.98
As of December 31, 2021
32 141
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
46647PCH7 JP Morgan Chase & Co Callable Note Cont 6/1/2024
0.824% Due 06/01/2025
600,000.00 05/24/2021
0.74%
600,777.60
600,663.70
98.85 1.10%
593,108.40
412.00
0.35%
(7,555.30)
A2 / A-
AA-
3.42 3.36
TOTAL Corporate 12,180,000.00 1.08%
12,328,028.50
12,287,888.50 0.88%
12,229,207.09
49,083.08
7.21%
(58,681.41)
A1 / A
A+
2.08 2.02
Equity Mutual Fund
90PARS$00 City of Pittsburg PARS 115 Trust 2,157,286.80 Various
0.00%
2,157,286.80
2,157,286.80
1.02 0.00%
2,190,064.69
0.00 1.29%
32,777.89
NR / NR
NR
0.00 0.00
TOTAL Equity Mutual Fund 2,157,286.80 0.00%
2,157,286.80
2,157,286.80 0.00%
2,190,064.69
0.00 1.29%
32,777.89
NR / NR
NR
0.00 0.00
Investment Pool
90PITT$01 City of Pittsburg Investment Pools 74,909,130.16 Various
0.00%
74,909,130.16
74,909,130.16
1.00 0.00%
74,717,296.87
0.00 43.88%
(191,833.29)
NR / NR
NR
0.00 0.00
TOTAL Investment Pool 74,909,130.16 0.00%
74,909,130.16
74,909,130.16 0.00%
74,717,296.87
0.00 43.88%
(191,833.29)
NR / NR
NR
0.00 0.00
Money Market Fund
94975H254 Wells Fargo Money Market Fund #743 0.58 06/01/2021
0.01%
0.58 0.58
1.00 0.01%
0.58 0.00
0.00%
0.00 Aaa / AAA
NR
0.00 0.00
94975H296 Wells Fargo Treasury Plus MMFD 453 3,902,092.30 Various
0.01%
3,902,092.30
3,902,092.30
1.00 0.01%
3,902,092.30
0.00 2.29%
0.00 Aaa / AAA
NR
0.00 0.00
94975H296 Wells Fargo Treasury Plus MMFD 453 328,819.54 Various
0.01%
328,819.54
328,819.54
1.00 0.01%
328,819.54
0.00 0.19%
0.00 Aaa / AAA
NR
0.00 0.00
94975H296 Wells Fargo Treasury Plus MMFD 453 758,041.71 Various
0.01%
758,041.71
758,041.71
1.00 0.01%
758,041.71
0.00 0.45%
0.00 Aaa / AAA
NR
0.00 0.00
94975H296 Wells Fargo Treasury Plus MMFD 453 1,556,274.95 Various
0.01%
1,556,274.95
1,556,274.95
1.00 0.01%
1,556,274.95
0.00 0.91%
0.00 Aaa / AAA
NR
0.00 0.00
94975H296 Wells Fargo Treasury Plus MMFD 453 234,401.91 Various
0.01%
234,401.91
234,401.91
1.00 0.01%
234,401.91
0.00 0.14%
0.00 Aaa / AAA
NR
0.00 0.00
94975H254 Wells Fargo Money Market Fund #743 70,360.95 Various
0.01%
70,360.95
70,360.95
1.00 0.01%
70,360.95
0.00 0.04%
0.00 Aaa / AAA
NR
0.00 0.00
TOTAL Money Market Fund 6,849,991.94 0.01%
6,849,991.94
6,849,991.94 0.01%
6,849,991.94
0.00 4.02%
0.00 Aaa / AAA
NR
0.00 0.00
As of December 31, 2021
33 142
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
Supranational
4581X0CZ9 Inter-American Dev Bank Note
1.750% Due 09/14/2022
480,000.00 02/21/2018
2.78%
459,004.80
476,769.97
100.95
0.40%
484,541.76
2,496.67
0.29%
7,771.79
Aaa / AAA
AAA
0.70 0.70
4581X0DA3 Inter-American Dev Bank Note
2.500% Due 01/18/2023
245,000.00 06/04/2018
2.90%
240,768.85
244,041.91
102.06
0.53%
250,036.96
2,773.26
0.15%
5,995.05
Aaa / AAA
NR
1.05 1.03
459058JM6 Intl. Bank Recon & Development Note
0.250% Due 11/24/2023
925,000.00 Various
0.28%
924,231.25
924,518.10
99.10 0.73%
916,634.30
237.67
0.54%
(7,883.80)
Aaa / AAA
AAA
1.90 1.89
459058GQ0 Intl. Bank Recon & Development Note
2.500% Due 03/19/2024
750,000.00 01/26/2021
0.26%
802,455.00
786,983.98
103.64
0.84%
777,313.50
5,312.50
0.46%
(9,670.48)
Aaa / AAA
AAA
2.22 2.15
4581X0DZ8 Inter-American Dev Bank Note
0.500% Due 09/23/2024
895,000.00 09/15/2021
0.52%
894,337.70
894,398.13
98.68 0.99%
883,141.25
1,218.19
0.52%
(11,256.88)
Aaa / AAA
NR
2.73 2.70
TOTAL Supranational 3,295,000.00 0.89%
3,320,797.60
3,326,712.09 0.76%
3,311,667.77
12,038.29
1.95%
(15,044.32)
Aaa / AAA
Aaa
1.96 1.92
US Treasury
912828M80 US Treasury Note
2.000% Due 11/30/2022
1,250,000.00 04/08/2019
2.30%
1,236,962.89
1,246,738.27
101.45
0.41%
1,268,115.00
2,197.80
0.75%
21,376.73
Aaa / AA+
AAA
0.92 0.91
912828Q29 US Treasury Note
1.500% Due 03/31/2023
570,000.00 05/01/2018
2.82%
535,800.00
561,345.15
101.23
0.51%
576,991.62
2,184.48
0.34%
15,646.47
Aaa / AA+
AAA
1.25 1.23
912828T91 US Treasury Note
1.625% Due 10/31/2023
700,000.00 09/25/2019
1.60%
700,628.91
700,280.82
101.69
0.69%
711,839.80
1,948.20
0.42%
11,558.98
Aaa / AA+
AAA
1.83 1.80
91282CBA8 US Treasury Note
0.125% Due 12/15/2023
1,000,000.00 01/08/2021
0.22%
997,148.44
998,096.29
98.86 0.71%
988,633.00
58.38 0.58%
(9,463.29)
Aaa / AA+
AAA
1.96 1.95
91282CBV2 US Treasury Note
0.375% Due 04/15/2024
1,000,000.00 04/14/2021
0.36%
1,000,351.56
1,000,267.84
99.02 0.81%
990,156.00
803.57
0.58%
(10,111.84)
Aaa / AA+
AAA
2.29 2.27
91282CCC3 US Treasury Note
0.250% Due 05/15/2024
650,000.00 05/12/2021
0.36%
647,968.75
648,393.94
98.66 0.82%
641,265.30
210.98
0.38%
(7,128.64)
Aaa / AA+
AAA
2.37 2.36
91282CCG4 US Treasury Note
0.250% Due 06/15/2024
1,000,000.00 06/28/2021
0.46%
993,750.00
994,824.40
98.55 0.85%
985,469.00
116.76
0.58%
(9,355.40)
Aaa / AA+
AAA
2.46 2.44
91282CCL3 US Treasury Note
0.375% Due 07/15/2024
1,000,000.00 08/05/2021
0.37%
1,000,273.44
1,000,235.76
98.79 0.86%
987,852.00
1,732.34
0.58%
(12,383.76)
Aaa / AA+
AAA
2.54 2.52
91282CCT6 US Treasury Note
0.375% Due 08/15/2024
1,000,000.00 09/10/2021
0.42%
998,632.81
998,773.76
98.70 0.88%
987,031.00
1,416.44
0.58%
(11,742.76)
Aaa / AA+
AAA
2.62 2.60
91282CDB4 US Treasury Note
0.625% Due 10/15/2024
1,000,000.00 12/02/2021
0.86%
993,281.25
993,467.35
99.21 0.91%
992,109.00
1,339.29
0.58%
(1,358.35)
Aaa / AA+
AAA
2.79 2.75
As of December 31, 2021
34 143
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
91282CDH1 US Treasury Note
0.750% Due 11/15/2024
1,000,000.00 11/10/2021
0.80%
998,554.69
998,616.67
99.46 0.94%
994,609.00
973.76
0.58%
(4,007.67)
Aaa / AA+
AAA
2.88 2.83
91282CDN8 US Treasury Note
1.000% Due 12/15/2024
1,100,000.00 12/29/2021
0.99%
1,100,472.66
1,100,471.79
100.13
0.95%
1,101,460.80
513.74
0.65%
989.01
Aaa / AA+
AAA
2.96 2.91
912828ZF0 US Treasury Note
0.500% Due 03/31/2025
750,000.00 03/03/2021
0.54%
748,886.72
749,113.42
98.37 1.01%
737,783.25
958.10
0.43%
(11,330.17)
Aaa / AA+
AAA
3.25 3.20
912828ZL7 US Treasury Note
0.375% Due 04/30/2025
500,000.00 01/13/2021
0.39%
499,609.38
499,697.13
97.81 1.04%
489,062.50
321.13
0.29%
(10,634.63)
Aaa / AA+
AAA
3.33 3.29
912828ZT0 US Treasury Note
0.250% Due 05/31/2025
1,250,000.00 10/06/2021
0.72%
1,228,759.77
1,230,131.14
97.30 1.06%
1,216,308.75
274.73
0.71%
(13,822.39)
Aaa / AA+
AAA
3.42 3.38
TOTAL US Treasury 13,770,000.00 0.86%
13,681,081.27
13,720,453.73 0.83%
13,668,686.02
15,049.70
8.04%
(51,767.71)
Aaa / AA+
Aaa
2.45 2.42
TOTAL PORTFOLIO 170,195,869.59 0.31%
170,407,625.08
170,345,465.28 0.23%
170,156,882.45
130,718.08
100.00%
(188,582.83)
Aa1 / AA+
Aaa
0.65 0.61
TOTAL MARKET VALUE PLUS ACCRUALS 170,287,600.53
As of December 31, 2021
35 144
SECTION |
Section 4 |
Transactions
36 145
Transaction Ledger
City of Pittsburg Total Consolidated - Account #10638
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 10/07/2021 912828ZT0 1,250,000.00 US Treasury Note
0.25% Due: 05/31/2025
98.301 0.72% 1,228,759.77 1,101.43 1,229,861.20 0.00
Purchase 11/01/2021 57636QAN4 600,000.00 MasterCard Inc Callable Note 1x 02/03/2025 2% Due: 03/03/2025
103.049 1.04% 618,294.00 1,933.33 620,227.33 0.00
Purchase 11/10/2021 91324PEB4 250,000.00 United Health Group Inc Callable Note Cont 5/15/2022
0.55% Due: 05/15/2024
99.426 0.78% 248,565.00 653.13 249,218.13 0.00
Purchase 11/15/2021 89238JAC9 175,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due: 04/15/2026
99.998 0.71% 174,996.27 0.00 174,996.27 0.00
Purchase 11/15/2021 91282CDH1 1,000,000.00 US Treasury Note
0.75% Due: 11/15/2024
99.855 0.80% 998,554.69 0.00 998,554.69 0.00
Purchase 11/24/2021 43815GAC3 185,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due: 01/21/2026
99.979 0.89% 184,961.00 0.00 184,961.00 0.00
Purchase 12/03/2021 91282CDB4 1,000,000.00 US Treasury Note
0.625% Due: 10/15/2024
99.328 0.86% 993,281.25 841.35 994,122.60 0.00
Purchase 12/06/2021 023135BW5 300,000.00 Amazon.com Inc Note
0.45% Due: 05/12/2024
98.831 0.94% 296,493.00 90.00 296,583.00 0.00
Purchase 12/30/2021 91282CDN8 1,100,000.00 US Treasury Note 1% Due: 12/15/2024
100.043 0.99% 1,100,472.66 453.30 1,100,925.96 0.00
Subtotal 5,860,000.00 5,844,377.64 5,072.54 5,849,450.18 0.00 Security
Contribution
12/31/2021 90PARS$00 186,383.89 City of Pittsburg PARS 115 Trust 1.000 186,383.89 0.00 186,383.89 0.00 September 30, 2021 through December 31, 2021
As of December 31, 2021
37 146
Transaction Ledger
City of Pittsburg Total Consolidated - Account #10638
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Security
Contribution
12/31/2021 90PITT$01 8,041,551.39 City of Pittsburg Investment Pools 1.000 8,041,551.39 0.00 8,041,551.39 0.00 Subtotal 8,227,935.28 8,227,935.28 0.00 8,227,935.28 0.00 TOTAL ACQUISITIONS 14,087,935.28 14,072,312.92 5,072.54 14,077,385.46 0.00
DISPOSITIONS
Sale 10/07/2021 912828T67 1,075,000.00 US Treasury Note
1.25% Due: 10/31/2021
100.074 1.87% 1,075,797.85 5,842.39 1,081,640.24 1,204.28 Sale 11/01/2021 3133ELYR9 620,000.00 FFCB Note
0.25% Due: 05/06/2022
100.082 0.31% 620,508.40 753.47 621,261.87 709.03
Sale 11/10/2021 9128282W9 1,200,000.00 US Treasury Note
1.875% Due: 09/30/2022
101.555 2.54% 1,218,656.25 2,534.34 1,221,190.59 25,351.72 Sale 12/03/2021 912828V72 1,095,000.00 US Treasury Note
1.875% Due: 01/31/2022
100.297 1.90% 1,098,250.78 6,973.93 1,105,224.71 3,291.70 Sale 12/30/2021 912828R69 1,000,000.00 US Treasury Note
1.625% Due: 05/31/2023
101.496 1.61% 1,014,960.94 1,339.29 1,016,300.23 14,692.51 Subtotal 4,990,000.00 5,028,174.22 17,443.42 5,045,617.64 45,249.24 Call 11/08/2021 172967LC3 460,000.00 Citigroup Inc Callable Note Cont 11/8/2021
2.9% Due: 12/08/2021
100.000 2.66% 460,000.00 5,558.33 465,558.33 0.00
Subtotal 460,000.00 460,000.00 5,558.33 465,558.33 0.00 TOTAL DISPOSITIONS 5,450,000.00 5,488,174.22 23,001.75 5,511,175.97 45,249.24 September 30, 2021 through December 31, 2021
As of December 31, 2021
38 147
Important Disclosures
2022 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.
Source ice Data Indices, LLC ("ICE"), used with permission. ICE permits use of the ICE indices and related data on an "as is" basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and licensee's use it at licensee's own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.
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Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.
Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively.
As of December 31, 2021
39 148
Benchmark Disclosures
ICE BofA 1-3 Yr US Treasury & Agency Index
The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.
As of December 31, 2021
40 149
OFFICE OF THE CITY MANAGER
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution Accepting the Plans and Specifications and Authorizing Award of Project 5006, Water System Reliability Project Phase IA - Buchanan Road Emergency Waterline Repair
MEETING DATE: February 22, 2022
EXECUTIVE SUMMARY
Project 5006, Water System Reliability Project Phase IA - Buchanan Road Emergency Waterline Repair (the “Project”), is one phase of a larger project that consists of emergency repairs to the 18-inch asbestos cement (AC) pipeline on Buchanan Road near the Buchanan Road Pump Station. Adoption of this Resolution will accept the plans and specifications for the Project and authorize the City Manager to award a construction contract to Devaney Engineering, Inc. of San Francisco, California.
FISCAL IMPACT
Project 5006 is currently funded with $800,000 from Water Operations Fund (Fund 501). If approved, the Project total budget will be $170,000. Funds remaining in the Project 5006 account will provide for the design and construction of the next phase.
A Project Budget Summary is attached to this report.
RECOMMENDATION
City Council adopt the attached Resolution accepting the plans and specifications and authorizing the City Manager to execute a contract in the amount of $99,000 with Devaney Engineering, Inc. to complete the Project.
City Council adopt the Resolution establishing a construction contingency of $19,800 for unanticipated costs during construction.
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Staff further recommends that the City Engineer be authorized to approve contract change orders for the Project for a total amount not to exceed 50% of the contingency, and the City Manager be authorized to approve change orders for the Project for a total amount not to exceed 100% of the contingency amount.
BACKGROUND
On December 21, 2021, the City Council adopted Resolution 20-13859 approving Addendum 1 to the City’s Five-Year Capital Improvement Program for Fiscal Year 2019/20- 2023/24 and the appropriation of $800,000 from Water Operations Fund (Fund 501) to Project 5006, Water System Reliability Project. This project includes the emergency repairs to the 18-inch waterline on Buchanan Road, looping the system near Brookside Drive and the Cabrillo Place waterline repair.
The Project is one part of the larger Water System Reliability Project, but due to the emergency nature, Phase 1A - Buchanan Road Emergency Waterline Repair was split off and bid separately. Staff will return to award the next phase at a later date.
Advertising for the Project began on Wednesday, January 12, 2022. Bids for construction of the Project were opened on February 2, 2022. Devaney Engineering, Inc. was the most qualified lowest bidder with a base bid amount of $99,000.
SUBCOMMITTEE FINDINGS
This item was not reviewed by a Subcommittee.
STAFF ANALYSIS
The scope of work for the Project consists of emergency repairs to the 18-inch AC pipeline on Buchanan Road near the Buchanan Road Pump Station. This project will include the installation of new valves, the replacement of a 90-degree elbow, and the installation of a new concrete thrust block.
Staff received twelve bid proposals for the construction of the Project. The bids received have been checked for arithmetical errors, completeness, and conformance with the bid requirements. The bid proposal submitted by Devaney Engineering, Inc.is responsive, competitive, and less than the Engineer’s Estimate.
The recommended construction contingency of $19,800 or approximately 20% of the construction contract will provide funding for unanticipated change orders that are often required with work that involves excavation.
Remaining funds for Project 5006, Water System Reliability Project, after completion of the Project, will fund the design and construction of Phase 1B.
ATTACHMENTS: Resolution
Project Budget Summary
Report Prepared By: Andrew Peters, Assistant Engineer
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Resolution No. 22- Page 1 of 2 February 22, 2022
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
A Resolution Accepting the Plans and )
Specifications and Authorizing Award ) RESOLUTION NO. 22- of Project 5006, Buchanan Road )
Emergency Waterline Repair Project )
WHEREAS, Project 5006, Buchanan Road Emergency Waterline Repair Project (the “Project”) consists of emergency repairs to the 18-inch asbestos cement (AC) pipeline on Buchanan Road near the Buchanan Road Pump Station; and WHEREAS, on December 21, 2021, the City Council adopted Resolution 20-13859 approving Addendum 1 to the City’s Five-Year Capital Improvement Program for Fiscal Year 2019/20-2023/24 and the appropriation of $800,000 from Water Operations Fund (Fund 501) to the Project; and
WHEREAS, staff received twelve bid proposals for the construction of the Project, and the bids received have been checked for arithmetical errors, completeness, and conformance with the bid requirements; and
WHEREAS, bids for construction of the Project were opened on February 2, 2022.
Devaney Engineering, Inc. was the most qualified lowest bidder with a base bid in the amount of $99,000; and
WHEREAS, staff recommends that the City Council accept the plans and specifications for the Project; and
WHEREAS, staff recommends that the City Manager be authorized to execute a contract in the amount of $99,000 with Devaney Engineering, Inc. for construction of the project; and
WHEREAS, staff recommends establishing a contingency in an amount $19,800 (20% of the construction contract) for unforeseen expenses; and WHEREAS, staff recommends that the City Engineer or his designee be authorized to approve contract change orders for the Project for a total amount not to exceed 50% of the contingency and the City Manager be authorized to approve change orders for this Project for a total amount not to exceed 100% of the contingency amount.
NOW, THEREFORE BE IT RESOLVED that the City Council hereby accepts the plans and specifications for the Project, approves and authorizes the City Manager to execute a contract with Devaney Engineering, Inc in the amount $99,000 for construction of the Project, authorizes a construction contingency in the amount of $19,800 for unforeseen expenses, authorizes the City Engineer to approve contract change orders for the Project for a total amount not to exceed 50% of the contingency, and authorizes the City Manager to approve contract change orders for the Project for a total amount not to exceed 100% of the contingency amount.
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Resolution No. 22- Page 2 of 2 February 22, 2022 PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 22nd day of February 2022, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
_____________________________
Holland Barrett White, Mayor
ATTEST:
_______________________________
Alice E. Evenson, City Clerk
153
Project Budget Summary
Contract 2021-11A, Buchanan Road Emergency Waterline Repair Project Project 5006
Project Funding: Water Operations Fund (Fund 501) $800,000 Funding Total $800,000
Project Expenditures:
Design: Consultant Design $19,732
(Code 2122)
Subtotal $19,732
Miscellaneous: Advertising $700
(Code 1399) Reproduction $568
Postage $200
Subtotal $1,468
Construction: Base Bid $99,000.00
(Code 2281) Construction Contingency $19,800.00
Subtotal $118,800
Staff Time: Staff Costs During Design $5,000
(Code 1101) Staff Costs During Construction Management $10,000 Subtotal $15,000
Admin: Overhead Costs During Design Management $5,000
(Code 2372) Overhead Costs During Construction Management $10,000 Subtotal $15,000
Estimated Expenditures Total $170,000
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OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution to Accept Project 5004, East 9th Street Water and Sewer Improvements Project as Complete and Authorize the City Engineer to File a Notice of Completion MEETING DATE: February 22, 2022
EXECUTIVE SUMMARY
Project 5004, East 9th Street Water and Sewer Improvements Project (the “Project”), was for replacement of an existing sewer main and water at a total cost of $473,332. This resolution will accept construction as complete and authorize the City Engineer to file a Notice of Completion.
FISCAL IMPACT
The Project was initially funded with $400,000 from the Water Operations Fund (Fund 501) and $300,000 from the Sewer Operations Fund (Fund 521). The total for all Project-related expenses is $473,332, which includes staff and administrative overhead costs.
A detailed Project Budget Summary is attached to this report.
RECOMMENDATION
City Council adopt the attached Resolution accepting the Project as complete and authorizing the City Engineer to execute a Notice of Completion. Staff recommends all unspent funds be returned to the source of funds for use on other projects.
BACKGROUND
On December 21, 2020, the City Council adopted Resolution 20-13865, allocating funds for the design and construction of the Project with a total budget of $700,000 for design and construction.
On August 2, 2021, the City Council approved Resolution 21-13973, awarding construction to the most qualified lowest bidder, California Trenchless Inc., with a bid of $358,135. 155
SUBCOMMITTEE FINDINGS
This item was not presented to a subcommittee.
STAFF ANALYSIS
Contract work by California Trenchless Inc. was completed December 10, 2021. The final construction amount was $358,135 and included one contract change order in the amount of $11,411.87. Change order work was 3% of the total construction costs and included quantity adjustments and extra work due to conditions on the water line and additional concrete work. The project is complete and one-year warranty period is effective December 10, 2021.
Total anticipated expenditures for the Project are $700,000. After all expenditures are paid, unexpended funds totaling $226,668 will be available for other similar projects. The project was completed on time and within the budget amount approved by the City Council ATTACHMENTS: Resolution
Notice of Completion
Project Budget Summary
Report Prepared By: Calvin Chung, Associate Engineer
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Resolution No. 22- Page 1 of 1 February 22, 2022
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
A Resolution Accepting Project 5004, )
E. 9th Street Water and Sewer Improvements ) RESOLUTION NO. 22- Project as Complete and Authorizing the )
City Engineer to File a Notice of Completion )
WHEREAS, Project 5004, East 9 th Street Water and Sewer Improvements Project (the “Project”), was for the replacement of approximately 400 feet of an existing 8-inch sewer and upsizing of existing water line to improve service capacity; and WHEREAS, on December 1, 2020, the City Council adopted Resolution 20-13865, allocating $400,000 from the Water Operations Fund (Fund 501) and $300,000 from the Sewer Operations Fund (Fund 521) for the design and construction of the East 9 th Street Water and Sewer Improvements project; and
WHEREAS, on August 2, 2021, the Project was awarded to California Trenchless Inc. for a total contract amount of $358,135; and
WHEREAS, the construction contract was completed for a total amount of $369,546.87; and
WHEREAS, the total expenditures for the Project including design, construction and City staff costs are $473,332, and the remaining balance of $226,668 will return to the source for use on other projects; and
WHEREAS, staff requests that the City Council accept the contract as complete and authorize the City Engineer to file a Notice of Completion for the Project.
NOW, THEREFORE BE IT RESOLVED that the City Council hereby accepts the Project as complete, authorizes and directs the City Engineer to execute a Notice of Completion and file said document with the Office of the Recorder of the County of Contra Costa, State of California, within 10 days from the date hereof.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 22nd day of February 2022, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
________________________
Holland Barrett White, Mayor
ATTEST:
_______________________________
Alice E. Evenson, City Clerk
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NOTICE OF COMPLETION
Recording Requested By: City of Pittsburg
Upon Recording Return To:
City of Pittsburg
Engineering Records
65 Civic Avenue
Pittsburg, CA 94565-3814
NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 3093 OF THE CALIFORNIA CIVIL CODE:
1. That on the 10 th day of December, 2021 the City of Pittsburg, State of California, did enter into a contract with:
California Trenchless Inc.
2315 Dunn Road
Hayward, CA 94545
as Contractor for certain improvement work: To wit, Project 5004, East 9th Street Water and Sewer Improvements Project in Pittsburg, California of which the City of Pittsburg is the Owner in fee.
2. That the surety upon the bond of the Contractor for said improvement work is:
Not required
3. That said improvement work was accepted by the City Council of the City of Pittsburg as complete on the 22nd day of February 2022.
_
________________________________________
Richard Abono
City Engineer, City of Pittsburg
State of California )
County of Contra Costa )
5. I, Richard Abono, being first duly sworn, depose and say that: I am the City Engineer of the City of Pittsburg, a municipal corporation of the State of California, and I am authorized to make this verification for, and on behalf of, said City, that I have read the foregoing Notice of Completion and know the contents thereof; and the same is true to the best of my knowledge and belief.
________________________________________
Richard Abono
City Engineer, City Engineer
A notary public or other officer completing this certificate Verifies only the identity of the individual who signed the Document to which this certificate is attached, and not the truthfulness, accuracy. or validity of that document.
State of California )
County of Contra Costa )
Subscribed and sworn to (or affirmed) before me on this day of , 2022 by Richard Abono proved to me on the basis of satisfactory evidence to be the person who appeared before me. I certify under PENALTY OF PURJURY under the laws of the State of California that the foregoing paragraph is true and correct.
_________________________________________
Cathleen A. Slaga, Notary Public
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East 9th Street Water & Sewer Improvements
Project
Project Funding
Fund 501 Water Operations Fund $400,000
Fund 521 Sewer Operations Fund $300,000
Funding Total $700,000
Project Expenditures:
Design: Consultant Design Fee $75,785
(Code 2122)
Subtotal $75,785
Miscellaneous: Advertising
(Code 1399) Reproduction
Subtotal $0
Construction: Construction Contract $358,135
(Code 2281) Change Order 1 $11,412
Subtotal $369,547
Wages/Benefits Staff Time for Design Management $7,000
(Code 1101) Staff Time for Construction Management $7,000 Subtotal $14,000
Admin Overhead Staff Costs During Design Management $7,000 (Code 2372) Staff Costs During Construction Management $7,000 Subtotal $14,000
Estimated Expenditures Total $473,332
Return to Source Fund 501 $111,974
Return to Source Fund 521 $114,694
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