Section 4. Effective Date
This resolution shall take effect immediately upon its adoption.
On motion by Commissioner Robinson, seconded by Commissioner Foster, the foregoing resolution was passed and adopted the 25th day of April, 2023, by the Planning Commission of the City of Pittsburg, California by the following vote:
AYES: Robinson, Foster, Jackson
NAYES: Smith
ABSTAIN:
ABSENT: Kobata, Popova
I hereby certify that the above Resolution No.10231 was adopted by the Planning Commission of the City of Pittsburg on April 25, 2023.
________________________________
JOHN FUNDERBURG, AICP, SECRETARY
PITTSBURG PLANNING COMMISSION
106
NOTICE OF PUBLIC HEARING
The City of Pittsburg City Council will hold a public hearing on:
Date: August 21, 2023
Time: 5:30 p.m.
Place: City Council Chamber at City Hall
65 Civic Avenue, Pittsburg, California
Concerning the following matter:
Title 18 Text Amendments/Updates; AP-23-0002 (ZTA)
Staff has identified a variety of miscellaneous “clean-up” text amendments needed to address some ambiguities and inconsistencies in Title 18 of the Pittsburg Municipal Code (PMC) and to also update other sections in compliance with recently updated provisions of Accessory Dwelling Unit (ADU) State Law. The proposed amendments would clarify and correct some requirements that have been ambiguous or misinterpreted in the past and update some zoning definitions, use classifications and development standards for consistency with State ADU Law.
The zoning text amendment is exempt from CEQA pursuant to CEQA Guidelines section 15061 (b) (3), which provides that a project is exempt from CEQA when it is covered by the general rule that CEQA only applies to projects which have the potential for causing a significant effect on the environment and does not apply where it can be seen with certainty that there is no possibility of a significant effect.
On April 25, 2023, the Planning Commission adopted Resolution No. 10231, recommending City Council adoption of the proposed amendments to Title 18 of the Pittsburg Municipal Code as miscellaneous zoning code updates.
You are invited to submit comments regarding any aspect of this matter in writing or verbally at the August 21, 2023, public hearing. If you challenge the above matter in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the Planning Commission at, or prior to, the public hearing.
Anyone who wishes to submit written comments must submit them to Maurice Brenyah-Addow, Senior Planner, via mail at 65 Civic Avenue, Pittsburg, CA, by telephone at (925) 252-4261, through e-mail at [email protected], or by fax at (925) 252-4814.
JOHN FUNDERBURG III, SECRETARY
PITTSBURG PLANNING COMMISSION
107
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 Accepting the Plans and Specifications, Approve and Allocate Additional Funds, and Awarding Project 2241-East Leland Pavement Maintenance Project
MEETING DATE: August 21, 2023
EXECUTIVE SUMMARY
Project 2241-East Leland Pavement Maintenance (the “Project”) will extend the useful life of East Leland Road between Railroad Avenue and Antioch city limits by performing pavement maintenance and rehabilitation. If adopted, this resolution will accept the project plans and specifications, allocate additional funds, and authorize the City Manager to award a construction contract to Bay Cities Paving & Grading, Inc.
FISCAL IMPACT
The bid proposal from Bay Cities Paving & Grading, Inc. is $1,858,000.00. Funding for construction will be provided from the $1,900,000 previously allocated project budget.
This resolution will allocate an additional $300,000 from Fund 228 RMRA.
If approved, the total project budget will be $2,200,000.
The Budget Summary is attached to this report.
RECOMMENDATION
City Council adopt the attached resolution to accept the plans and specifications, allocate an additional $300,000 from Fund 228 RMRA, and authorize the City Manager to execute a construction contract with Bay Cities Paving & Grading, Inc. for $1,858.000.
Staff recommends that the City Council allocate a construction contingency of $185,800 for any unanticipated costs and contract change orders.
108
Staff further recommends that the City Engineer be authorized to approve contract change orders for the Project in a total amount not to exceed 50% of the contingency, and the City Manager be authorized to approve change orders in an amount not to exceed the approved project budget.
BACKGROUND
On June 19, 2023, the City Council adopted Resolution No. 23-14318, approving the operating budget for Fiscal Year 2023-24, re-allocating funds from Project 2240 to Project 2241 for a combined budget of $1,200,000, and allocating an additional $700,000 from Fund 228 – RMRA towards Project 2241 resulting in a total approved budget of $1,900,000.
On July 12, 2023, staff advertised the Project for construction bids.
On Friday, August 4, 2023, construction bids were opened, and four (4) bid proposals were received. Bay Cities Paving & Grading, Inc. was the lowest responsive, responsible bidder with a base bid in the amount of $1,858,000.00.
SUBCOMMITTEE FINDINGS
This item was not presented to a subcommittee.
STAFF ANALYSIS
The City needs to perform maintenance and rehabilitation work on arterial roads such as East Leland Road to extend the useful life of the road and improve conditions for drivers.
The East Leland Road section of City streets is heavily used by the community and commuters.
ATTACHMENTS: Resolution
Budget Summary
Report Prepared By: Savon Reese, Assistant Engineer
109
Project 2241 E Leland Road Pavement Maintenance
Project Funding
2241 Fund #228 Gas Tax (RMRA) $1,700,000
Fund #203 Gas Tax $200,000
Funding Total $1,900,000
Project Expenditures:
Construction: Construction $1,858,000
(Code 2281) Construction Contingency (~10%) $185,800
Material Testing $56,200
Subtotal $2,100,000
Staff Time: Staff Design $25,000
(Code 1101) $25,000
Subtotal $50,000
Admin: Staff Design $25,000
(Code 2372) $25,000
Subtotal $50,000
Estimated Total Expenditures $2,200,000
Additional Funding Needed (Fund #228 RMRA) $300,000
Staff Construction Management
Staff Construction Management
110
Resolution No. 23- Page 1 of 2 August 21, 2023
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Accepting the Plans and Specifications )
Approving and Allocating Additional )
Funds and Awarding Contract for ) RESOLUTION NO. 23-
Project 2241, East Leland Road )
Pavement Maintenance Project )
WHEREAS, Project 2241-East Leland Road Pavement Maintenance (the “Project”) is to rehabilitate pavement on East Leland Road to extend the useful life of the road; and WHEREAS, on June 19, 2023, the City Council adopted Resolution 23-14318, approving the operating budget for Fiscal Year 2023-24, re-allocating funds from Project 2240 to Project 2241 for a combined budget of $1,200,000, and allocating an additional $700,000 from Fund 228 – RMRA towards Project 2241 resulting in a total approved budget of $1,900,000; and
WHEREAS, on July 12, 2023, staff advertised construction bids for the Project; and WHEREAS, on August 4, 2023, construction bids were opened, and Bay Cities Paving & Grading, Inc. was the lowest responsive, responsible bidder with a base bid in the amount of $1,858,000.00; and
WHEREAS, staff recommends that the City Council accept the plans and specifications; and
WHEREAS, staff recommends that the City Council approve and allocate an additional $300,000 from Fund 228 RMRA; and
WHEREAS, staff recommends that the City Manager be authorized to execute a contract for Project 2241 with Bay Cities Paving & Grading, Inc. in the amount not to exceed $1,858,000.00; and
WHEREAS, staff recommends establishing a contingency in an amount of $185,800 for unanticipated costs and construction change orders; 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 a total amount not to exceed the approved project budget.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Pittsburg hereby accepts the plans and specifications, allocates an additional $300,000 from Fund 228 RMRA, and awards the contract to Bay Cities Paving & Grading, Inc. in an amount of $1,858,000.
BE IT FURTHER RESOLVED, that the City Council authorizes a construction 111
Resolution No. 23- Page 2 of 2 August 21, 2023 contingency in the amount of $185,800, authorizes the City Engineer or his designee to approve contract change orders for this Project for a total amount not to exceed 50% of the contingency, and authorizes the City Manager to approve change orders for an amount not to exceed the approved project budget.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21st day of August 2023, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
_____________________________
Shanelle Scales-Preston, Mayor
ATTEST:
_______________________________
Alice E. Evenson, City Clerk
112
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 Accepting the Plans and Specifications, and Awarding Project 2033-Loveridge Road Maintenance Project
MEETING DATE: August 21, 2023
EXECUTIVE SUMMARY
The Project will extend the useful life of Loveridge Road from East Leland Road to Buchannan Road by performing pavement maintenance and rehabilitation. If adopted, this resolution will accept the project plans and specifications, and authorize the City Manager to award a construction contract to Bay Cities Paving & Grading Inc.
FISCAL IMPACT
The bid proposal from Bay Cities Paving & Grading Inc. is $1,072,042.00. Funding for construction will be provided from the $1,225,000 previously allocated from the Fund 228 – RMRA (Resolution 23-14318), $150,000 previously allocated from Measure M (Resolution 21-14000), and $75,000 previously allocated from Measure M (Resolution 23-14233).
RECOMMENDATION
City Council adopt the attached resolution to accept the plans and specifications and authorize the City Manager to execute a construction contract with Bay Cities Paving & Grading Inc. for $1,072,042.00.
Staff recommends that the City Council allocate a construction contingency of $107,204.20 for any unanticipated costs and contract change orders.
Staff further recommends that the City Engineer be authorized to approve contract change orders for the Project in a total amount not to exceed 50% of the contingency, and the City Manager be authorized to approve change orders in an amount not to exceed the approved project budget.
113
BACKGROUND
On October 4, 2021, the City Council adopted Resolution 21-14000, allocating $150,000 Measure M Sales Tax funds for Project 2033.
On January 17, 2023, the City Council adopted Resolution 23-14233, allocating $75,000 Measure M Sales Tax funds for Project 2033.
On June 19, 2023, the City Council adopted Resolution 23-14318, approving the operating budget for Fiscal Year 2023-24, allocating an additional $1,225,000 from Fund 228 – RMRA towards Project 2033 resulting in a total approved budget of $1,450,000.
On July 12, 2023, staff advertised the Project for construction bids.
On Friday, August 4, 2023, construction bids were opened, and Bay Cities Paving & Grading Inc. was the lowest responsive, responsible bidder with a base bid in the amount of $1,072,042.00.
SUBCOMMITTEE FINDINGS
This item was not presented to a subcommittee.
STAFF ANALYSIS
The City needs to perform maintenance and rehabilitation work on arterial roads like Loveridge Road to extend the useful life of the road and improve conditions for drivers.
Staff advertised the Project for construction bids, and six (6) bid proposals were received.
Bay Cities Paving & Grading Inc. was the low bidder with a bid of $1,072,042.00. The low bid has been checked for arithmetical errors, completeness, and conformance with the bid requirements.
The recommended construction contingency is $107,204.20, which will provide funding for unanticipated work and contract change orders.
ATTACHMENTS: Resolution
Budget Summary
Report Prepared By: Savon Reese, Assistant Engineer
114
Project 2033, Loveridge Road Maintenance Project
Project Funding
2033 Fund Measure M $225,000
Fund #228 Gas Tax (RMRA) $1,225,000
Funding Total $1,450,000
Project Expenditures:
Construction: Construction Cost Will Change Based on Bid Opening 8/4 (Code 2281) Construction $1,072,042
Construction Contingency (~10%) $107,204
Material Testing $20,000
Subtotal $1,199,246
Staff Time: Staff Design $25,000
(Code 1101) $25,000
Subtotal $50,000
Admin: Staff Design $25,000
(Code 2372) $25,000
Subtotal $50,000
Estimated Total Expenditures $1,299,246
Staff Construction Management
Staff Construction Management
115
Resolution No. 23- Page 1 of 2 August 21, 2023
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Accepting the Plans and Specifications )
and Awarding Project 2033, Loveridge ) RESOLUTION NO. 23- Road Maintenance Project )
WHEREAS, Project 2033-Loveridge Road Maintenance Project (the “Project”) is to rehabilitate pavement on Loveridge Road to extend the useful life of the road; and WHEREAS, on October 4, 2021, the City Council adopted Resolution 21-14000, allocating $150,000 from Measure M Sales Tax funds for Project 2033.
WHEREAS, on January 17, 2023, the City Council adopted Resolution 23-14233, allocating $75,000 from Measure M Sales Tax funds for Project 2033.
WHEREAS, on June 19, 2023, the City Council adopted Resolution 23-14318, approving the operating budget for Fiscal Year 2023-24, allocating $1,225,000 from Fund 228 – RMRA towards Project 2033 resulting in a total approved budget of $1,400,000; and WHEREAS, on July 12, 2023, staff advertised the Project for construction bids; and WHEREAS, on Friday, August 4, 2023, construction bids were opened, and Bay Cities Paving & Grading Inc. was the lowest responsive, responsible bidder with a base bid in the amount of $1,072,042.00; and
WHEREAS, the City Council hereby accepts the plans and specifications; and WHEREAS, the City Manager is authorized to execute a contract for Project 2033 with Bay Cities Paving & Grading Inc. in the amount of $1,072,042.00 for the construction of the Project; and
WHEREAS, a contingency in an amount of $107,204.20 is established for unanticipated costs and construction change orders; and WHEREAS, the City Engineer or his designee is 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 a total amount not to exceed the approved project budget.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Pittsburg hereby accepts the plans and specifications and awards the contract to Bay Cities Paving & Grading Inc. in an amount not to exceed $1,072,042.00. 116
Resolution No. 23- Page 2 of 2 August 21, 2023 BE IT FURTHER RESOLVED, that the City Council authorizes a construction contingency in the amount of $107,204.20, authorizes the City Engineer or his designee to approve contract change orders for this Project for a total amount not to exceed 50% of the contingency, and authorizes the City Manager to approve change orders for an amount not to exceed the approved project budget.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21st day of August 2023, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
_____________________________
Shanelle Scales-Preston, Mayor
ATTEST:
_______________________________
Alice E. Evenson, City Clerk
117
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 the Staff Response to the Contra Costa County Civil Grand Jury Report No. 2306, Affordable Housing: “A Plan Without a Home”
MEETING DATE: August 21, 2023
EXECUTIVE SUMMARY
The Contra Costa County Civil Grand Jury prepares, and issues reports throughout their tenure on a Fiscal Year basis. The Civil Grand Jury issued Report No. 2306, Affordable Housing: “A Plan Without a Home”. This report required a response from the City of Pittsburg. The City of Pittsburg has prepared a response to Civil Grand Jury Report No. 2306 and has addressed the concerns raised in the report.
FISCAL IMPACT
There is no fiscal impact to approve the City’s response to the Fiscal Year 2022-2023 Civil Grand Jury Report.
RECOMMENDATION
The City Council adopt a resolution approving the attached response to the Contra Costa County Civil Grand Jury Fiscal Year 2022-2023 Report.
BACKGROUND
Contra Costa County’s Grand Jury consists of 19 citizens. A new Grand Jury is impaneled each year. Grand Jurors are officers of the court, and function as an independent body under the guidance of a Superior Court judge.
Apart from the investigations mandated by the California Penal Code, each county’s Grand Jury decides what it will investigate. Investigations may be initiated in response to letters from citizens, newspaper articles and personal knowledge. 118
The Grand Jury issues its findings and recommendations in written reports. At least 12 members of the Grand Jury must approve each report. Within 60 to 90 days following the issuance of a report, officials responsible for matters addressed in the report must respond in writing to the supervising Judge.
SUBCOMMITTEE FINDINGS
This report did not require Subcommittee review.
STAFF ANALYSIS
The Contra Costa County Civil Grand Jury prepares, and issues reports throughout their tenure on a Fiscal Year basis. The reports often, but not always, require responses from the City. The City of Pittsburg has prepared a response to Civil Grand Jury Report No. 2306 and has addressed the concerns raised in the report.
ATTACHMENTS:
1. Contra Costa County Civil Grand Jury Report No. 2306
2. Response to Report No. 2306
3. Resolution
Report Prepared By: John Funderburg, Asst Director of Community/Economic Development 119
Grand Jury
June 16, 2023
Pittsburg City Council :
65 Civic A venue
Pittsburg, CA 94565
Dear Pittsburg City Council:
Contra
Costa
County
725 Court Street
P.O. Box 431
Martinez, CA 94553-0091
Attached is a copy of Grand Jury Report No. 2306, Affordable Housing: "A Plan Without a Home" prepared by the 2022-2023 Contra Costa County Civil Grand Jury.
In accordance with California Penal Code Section 933 et seq., we are submitting this report to you as the officer, agency, or department responsible for responding to the report. Please respond to the Findings and Recommendations as they apply to your agency. Please also confirm in writing that the person responding to the report is authorized to do so. As the responding person or person responding on behalf of an entity, please indicate one of the following actions with respect to each finding:
(1) You agree with the finding.
(2) You disagree with the finding.
(3) You partially disagree with the finding.
(Pen. Code, § 933.05(a).) In the cases of both (2) and (3) above, please specify the portion of the finding that is disputed and include an explanation of the reasons therefor.
In addition, Section 933.05(b) requires you to reply to each recommendation by stating one of the following actions:
1. The recommendation has been implemented, with a summary describing the implemented action.
2. The recommendation has not yet been implemented, but will be implemented in the future, with a time frame for implementation.
3. The recommendation requires further analysis. This response should explain the scope and parameters of the analysis or study, and a time frame for the matter to be prepared for discussion. This time frame shall not exceed six months from the date of the publication of the Grand Jury Report.
120
4. The recommendation will not be implemented because it is not warranted or is not reasonable, with an explanation thereof.
The Penal Code also prescribes the obligations of a governing board or elected county official with regard to responding to the grand jury's findings and recommendations. Specifically, ifthe report contains one or more recommendations directed to you as an elected county official, or to the governing board of which you are a member, you must respond to these recommendations and to the supporting findings, as directed in the report.
After reviewing the response to ensure that it includes the above-noted mandated items, please send (1) a hard copy of the response to the Grand Jury at P.O. Box 431, Martinez, CA 94553; and (2) an electronic copy by e-mail to [email protected]. gov. The response must be submitted to the Grand Jury no later than September 13, 2022.
Finally, please note that this report is provided at least two working days before it is released publicly. Section 933.05 specifies that no officer, agency, department, or governing body of a public agency shall disclose any contents of the report prior to its public release.
Please immediately confirm receipt of this letter and the attached report by responding via e-mail to ctadmin @contracosta.courts.ca. gov.
Sincerely,
{\ f) .
'--'~ ~--- _.->
Cynthia Roberts, Foreperson
2022-2023 Contra Costa County Civil Grand Jury
cc: Garrett Evans, City Manager
121
Affordable Housing
A Plan Without a Home
2022-2023
Contra Costa County
Civil Grand Jury
Report 2306
June 14, 2023
122
A REPORT BY
THE 2022-2023 CONTRA COSTA COUNTY CIVIL GRAND JURY
725 Court Street
Martinez, California 94553
Report 2306
Affordable Housing
A Plan Without a Home
APPROVED BY THE GRAND JURY
Date 6 - ~L.\ - 2 0· 2~~ ... -=
ACCEPTED FOR FILING
Date 6-/ L( - Z0'2..3
~N~~OBERTS
GRAND JURY FOREPERSON
~c_K_:_ n.JILC C. FANNIN
JUDGE OF THE SUPERIOR COURT
123
TO:
Contact: Cynthia Roberts
Foreperson
(925) 608-2621
Contra Costa County Grand Jury Report 2306
Affordab le Housing
A Plan Without a Home
Contra Costa County Board of Supervisors
City Councils for All Cities in Contra Costa County
124
Affordable Housing
A Plan Without a Home
- - ---- - -
Table of Contents
GLOSSARY AND ABBREVIATIONS ...................................................................................... 1 SUMMARY ................................................................................................................................ 2 METHODOLOGY ...................................................................................................................... 3 DOCU A1ENTS ......................................................................................................................... 3 INTERVIEWS ........................................................................................................................... 3 BACKGROUND ........................................................................................................................ 4 DISCUSSION ........................................................................................................................... 12 RHNA TARGETS AND CITY AND COUNTY RESPONSIBILITY ........................................... I 2 ADDITIONAL OBSTACLES THAT HINDER THE DEVELOP.MENT OF AH ........................ I 3 Limited Availability of Land ............................................................................................... 13 Restrictive Zoning Policies Specific to AH Development .................................................... 13 Developer Interest to Bring Projects Forward ...................................................................... 14 Limited Funding .................................................................................................................. 14 Lack of Community Support ............................................................................................... 14 NIMBY Opposition & City Council response to NIMBY opposition ................................... 14 CITIES AND THEIR RELATIONSHIP WITH THE STATE OF CALIFORNIA ........................ 15 FINDINGS AND RECOMMENDATIONS .............................................................................. 16 FINDINGS: ............................................................................................................................ I 6 RECOM.~1ENDATIONS: ..................................................................................................... ... 17 REQUIRED RESPONSES ........................................................................................................ 19 REFERENCES: ........................................................................................................................ 20 BIBLIOGRAP HJ~· .................................................................................................................. 20 APPENDICES ............................................................................................................................ .
A-1. CONTRA COSTA COUNTY AVERAGE MEDIAN INCOME 2022 ................................. 21 A-2. 2022 CCC WAGES, RE!vT TO INCOME, AMI STATUS ................................................ 22 A-3. BAY AREA RHNA ALLOC"A.TIONS AND PROGRESS ................................................... 23 A-4. SB 35 VERY LOW-INCOME AND LOW-INCOJv!E DETERMINATION SUM1VIARIES .. 27 A-5. NEWS ARTICLES REGARDING AFFORDABLE HOUSING ........................................ 3./ Contra Costa 2022-2023 Civil Grand Jury Report 2306 ~}i of i Grand Jury Reports are posted at http://www.cc-courts.org/grandjury 125
Affordable Housing
A Plan Without a Home
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GLOSSARY AND ABBREVIATIONS
ABAG Association of Bay Area Governments
AH Affordable Housing
Allocations State-issued housing goals by income category that must be planned for and included in each County and city housing element plan AMI Area Median Income-Refer to Table 1
Builder's Remedy A provision found in California's Housing Accountability Act (HAA) that allows developers of affordable housing projects to bypass the zoning code and general plan of cities that are out of compliance with the Housing Element Law.
Extremely Low 30% or less of area AMI
Income
HEP Housing Element Plans
HCD The State Department of Housing and Community Development Inclusionary Housing Regulation, when adopted by a city or the County, requires new Ordinance residential developments to include a minimum percentage of very low-, low-, and moderate-income households into residential developments of five units or more (generally 15%)
Low Income (LI) 50- 80% or less of area AMI.
RDA Redevelopment Agency - dedicated to urban renewal.
RHNA Regional Housing Needs Allocation
Measure X Housing Contra Costa County's 20-year, $12 million annual share of Measure Fund X Y2 cent sales tax to be used for housing & services.
NIMBY Not in my back yard
SB 35 California Senate Bill 35 streamlines the housing construction process for cities and counties that fail to build enough housing to meet state-mandated requirements for very low- and low-income households.
Very Low Income 30-50% of area AMI. Qualifications for this designation are based on (VLI) the collective income of all the persons in a household (total household income).
Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury [®]1 of 38
126
Affordable Housing
A Plan Without a Home
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SUMMARY
The civil grand jury began this investigation to understand how Contra Costa County is addressing the need for affordable housing. We started by reviewing California Housing and Community reports titled Regional Housing Needs Allocation (RHNA) results for the County.
These reports, issued at the end of each Housing Element cycle , show housing permits issued for various resident income classification groups against state mandated targets. Each city plus unincorporated County areas of responsibility results are listed. Appendix 3 comprises results for the past 3 Housing Element cycles plus targets for the latest cycle 2023-2031.
After reviewing these reports, we realized that most cities and our County were not providing the required number of housing permits primarily for very low- and low-income resident housing.
Close examination of these reports reveals the scale and accelerated progression of missed targets. Additionally , these reports show that the very low- and low-income resident categories reflect the largest percentage of missed RHNA and plan targets over the past 20 years.
Based on these initial findings, we focused our efforts on housing for residents classified as very low or low income. We wanted to understand who in local government is responsible for implementation of approved housing plans and why were those plans failing to address permit targets for very low- and low-income residents. What are the drivers/obstacles behind these missed targets! and what actions were being taken to increase the availability of affordab le housing for these residents throughout our County.
What we found was that although there is ownership for the creation and approval of Housing Elements that address affordable housing targets! we could not find clear assigned responsibility inside local government to implement plans after approval. This problem , combined with the myriad of challenging obstacles outlined in this report has translated into years of missed targets for residents classified as very low or low income. Without significant changes to how local governments address affordable housing, cities and the County risk the imposition of State mandated solutions that bypass local development protocols. This report is a summation of our work, findings and recommendations for improvement.
Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury r@}2 of 38
127
Affordable Housing
A Plan Without a Home
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METHODOLOGY
Documents
The grand jury reviewed numerous documents from local, County, regional, and State agencies. For a comprehensive list see the References section of this document.
Interviews
The grand jury conducted interviews with city and County leaders knowledgeable about the housing development process in the west, central and east County cities. We also interviewed:
• developers that specialize in affordable housing construction projects • leaders with experience in addressing housing development issues • various staff members with housing responsibilities
Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury ~::3 of 38
128
Affordable Housing
' A Plan Without a Home
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BACKGROUND
The housing element cycle was introduced in 1969, when the California State Legislature passed Jaws requiring that all cities and counties adequately plan to meet the housing needs of people at al1 income levels in the community. California 's local governments meet this requirement by adopting housing plans as part of their "general plan" (also required by the state).
The process involves significant planning from experts in local government , and citizens are asked proactively for input on these proposed plans before being submitted to the State for approval. The Department of Housing and Community Development (HCD) approves all HEPs.
The role of the state ~ besides approval of each HEP, is to identify the total number of homes required by resident income classification so that cities and counties can include these numbers in their HEPs. These numbers are required to be included in each city and County HEP.
Octennining individual income classifications is a County-specific exercise. It starts with a detennination of County Area Median Income (AMI). As noted in Table 1 below, the state defines for each County, which is then extrapolated into specific resident income classifications.
After development of housing allocation numbers by HCD, the data is passed down to the regional authority, the Association of Bay Area Governments, (ABAG), as a Regional Housing Need Dete1mination (RHND). This is the first step in California· s process to plan for the housing needs in each region of the state. It is RHND's responsibility to also track permits issued against allocation targets in each Housing Element Plan (HEP). This tracking of progress against targets is communicated through ABAG issued reports (Appendix 3).
The next step, allocation , is also the role of the regional authority , ABAG. lt is their responsibility to allocate a share of the RHND housing numbers to each city and County as a Regional Housing Need Allocation (RHNA). These numbers are broken out by resident income, classified as very low income, low income, moderate income and above moderate income.
The next two tables reflect Contra Costa County's average median income~ occupation, and wages of some of the County residents. We wanted to understand who in our community is part of the very low- and low-income groups. We realized that we all probably know someone who may be impacted by the shortage of affordable housing in the County.
Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury ~::4of38
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Affordable Housing
A Plan Without a Home
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Table 1 below, from the California Department of Housing and Community Development website~ shows the state definition of income limits for residents in Contra Costa County based on the calculation of the average median income (AMI). AMI is based on the collective income of all the persons in a household (total household income).
Table 1: 2022 State Income Limits by Household
2022 State lric:ome Limits
Contra Costa County
Income Limits by Household Size· Effective May 13, 2022 Median Family Income - $142,800
Acutely Low Extremely Low VetyLow Moderate
Persons per Low Income Median
Household Income Income Income 80%AMI Income Income
15%AMI 30%AMI 50%AMI 120%AMI
1 $15,000 $30,000 $50,000 $76,750 $99,950 $119,950
2 $17,100 $34,300 $57,150 $87,700 $114,250 $137,100
3 $19,250 $38,600 $64,300 $98,650 $128,500 $154,200
4 $21,400 $42,850 $71,400 $109,600 $142,800 $171,350
5 $23,100 $46,300 sn,150 $118,400 $154,200 $185,050
6 $24,800 $49,750 $82,850 $127,150 $165,650 $198,750
7 $26,550 $53,150 $88,550 $135,950 $177,050 $212,450
8 $28,250 $56,600 $94,250 $144,700 $188,500 $226,200
For lnduslonary Housing, Density Bonus, and calculating rents and for-sale prices Income Limits from 2022 State Income Limits from the Department of Housing and Community Development State Income Limits apply to designated programs, are used to determine applicant ellglblllty (based on the level of household incomeJ and may be 1Hed to calculate affordable housina costs for applit:ilblc housing assistance programs. Use of State Income Limits arc subject to a particular program's definition of Income, family, family size, effective dates and other factors. In addition, definitions applicable to Income categories, atterla, and geographic areas sometimes differ depending on the funding !Ourte and program, resultl~g In some programs using other income llmlts.
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Table 2 belov,r contains data from govsalaries.com. It identifies by occupation some of the County occupations that fall into the very low- and low-income classifications as well as a few occupations that are just over the threshold, falling into the median income group.
Table 2: 2022 CCC Wages, Rent to Income, AMI Status
Occupatton Mean Annual % of Monthly %ofMonthly Income Status • % of Wage(2022) Income Needed Income Needed AMI•
for a 2-Bedroom far a 3-bedroom
Unit Unit
Food Service Worker $36,488 87% 113% Extremely Low
(<30%AMI)
Dishwasher $38,853 82% 107% Extremely Low
Hairdressers $42.203 75% 98% Extremely Low
Retail Salespersons $43,018 74% 97% Very Low
(50%AMI)
Securitv Guards $45,998 69% 90% VervLow
Receptionists and $46,833 68% 89% Very Low
Information Clerks
Preschool Teachers $46,103 69% 90% Very Low
Medical Assistants $59,313 54% 70% Very Low
Education and Chlldcare $66,492 48% 62% Very Low
Administrators
licensed Practical and $78,255 41% 53% Low
Licensed Vocational (80%AMI)
Nurses
$91,041 34% 46% Low
Education Teachers,
Postsecondary
Police and Sheriff's Patrol $126,289 25% 33% Median
Officers
Computer and $132,023 24% 32% Median
Mathematical
Occuoatfons
In addition to residents in these occupational categories, a lack of very low- and low-income affordable housing impacts senior County residents (over the age of 65). Seniors are one of the fastest gwwing population segments in the County. The most recent US Census for the County indicates that 6. 7 percent of the total population, over 200,000 residents, is over the age of 65, an increase of 12.5 percent since 2010. The Califomia Department of Aging projects that this group of residents will grow by over 150 percent by 2060.
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The next two charts contain data extracted from published ABAG housing reports (Appendix 3).
They highlight the disappointing results in housing permits issued against mandated allocations for very low- and low-income residents.
Chart 1 shows a 21-year decline in the percentage of permits issued for very low-income residents, even as allocation targets stayed relatively flat. For the upcoming 2023-2031 allocation cycle for very low-income housing, allocations have tripled.
Chart 1 : Very-low Income Housing Allocations and Permits for CCC 16 14
12 10
4 2
0 Contra Costa County Very Low Income
RH NA Allocation and Permits
-1999-2006 Progress 2007-2014 2015-2020
RHNACycle
2023-2031
- RHNA Allocation - Permits Issued ·Percent of Allocation Permitted Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury 100%
90%
80%
70%
60%
QI
50% DJ)
~
.... c:
40% QI ..., ....
QI
30% a..
20%
10%
0%
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Chart 2 shows a 15-year decline in low-income housing permits, with an uplift in the most recent allocation cycle. However, the County still only issued permits for about half of the allocations mandated by the state for this same period. And again, the upcoming allocation cycle for 2023- 2031 has a significant bump in the mandated allocation for low-income housing. 9 8
7 6
VI
"C
:ii 5
Ill
::l
_g 4
!-
3 2
1 0
Chart 2: Low Income Housing Allocations and Permits for CCC Contra Costa County Low Income
1999-2006 Progress
- RHNA Allocation
RHNA Allocation and Permits
Ill
2007-2014 2015 - 2020 Progress
Progress4325
RHNACycle
2023-2031
Permits Issued Percent of Allocations Permitted
100%
90%
80%
70%
Q)
60% 0.0
111 ...
50% c:
Q)
u ....
40%
Q)
Q..
30%
20%
10%
0%
The data published in charts 1 & 2 above illustrates that over the period I 999-2020 the County has failed to provide the number of housing units mandated by the State of California and as they have planned for in their individual city and County element plans for very low- and low-income residents.
To understand the allocation targets and whether all income groups were equally impacted, the grand jury again looked at whether there had been any progress made against RHNA targets within any of the other income groups. What we found was that housing permits for high income housing had outpaced other income groups, with high income permits more than double all other income group housing permits combined. Close examination of the details published in the reports found in Appendix 3 validates this reality. The next 2 charts again use graphic descriptions of this published data to reinforce the magnitude of the problem.
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Chart 3 looks at the past three Housing Element cycles results against allocations for the four income categories measured by RHNA reports for Contra Costa County. It also identifies new allocations for the current 2023-2031 Housing Element cycle. The income categories are VLI (very low), L (low), M (moderate), and H- (above moderate), which align with income categories measured in RHNA published progress reports. This chart also shows what percentage of the planned permits (allocation) resulted in a corresponding permit (Permits Issued) being issued for each income group as a percentage (Percent Permitted).
40 35
30 Ill
-g 25
111
Ill
g 20
_c
I- 15
10 5
0 vu L
Chart 3: Contra Costa County
RHNA Allocations and Permits by Income Group
I
M H VLI
Contra Costa County RHNA Allocations
and Permits
i
~
I I
L M H vu l M H vu L
I
M
1999-2006 2007-2014 2015-2020 2023-2031
- Allocation - Permits Issued ·- · c~ Percent Permitted Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury 250%
200%
150%
100%
50%
0%
H
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Chart 4 below takes a representative sample of cities in the County and shows the percentage of housing permits issued for very low- and low-income residents measured against all housing permits issued for the time period 1999-2020. Most of the cities identified fell short of their allocation goals.
Chart 4: Very Low and Low-Income Housing Permits as a % of All Permits by City 1200
1000
800
GOO
400
200
0 u c 0 _g > c ~
c:: u
~ .... .... > ... 0
"' ;! OJ 0 :i ::5 -~ a ·=
:;;: c
"' 8 == =
Cl.
.. ~ r: ~ Q :i: ::E r.; r: VI .. c::
19'.l9·2006
- vu Permits Issued
-" u c ~
..., .... >
"' ~ "' g .=: "' "' g e .2 > ~ E ·~ :;;;
c u
~ .. 8 == iJ r:
"' ""
tO
~
0 :i: ~ "' ...
iS ...
3: ;;:
0 -" c iE ..,
~ > ...
~ :;; " u 0 := "' 0
"' .9 -;. ~ § ::;;: .. u a c c .... c: .. - 8 c: c iJ "' ~ "' "' It ::> < Q :i: ~ "' "' c "' ;; CJ c:: ~
2007-2014 2015-2020
- Low Permits Issued - vu & L Permitted as a% or all Permitted 0 :l5
"" ....
c
"' VI
... ... ., .::;
:;
,5 .. 3:
70%
60%
50%
40%
30%
W%
10%
0%
Chart 5 is a listing of all 19 cities in the County, showing how much housing was permitted for very low- and low-income residents in the last Housing Element cycle 2015-2020 and what is expected to be accomplished in 2023-2031. As the chart shows, the State of California has increased the mandatory allocation for very low- and low-income housing for many Contra Costa County cities and for the County itself.
Chart 5: Very Low and Low-Income Permit Allocations by City 7000
6000
5000
4000
3~JO
2000
ioog • I . ' • 2 - <: - • .r. .. . L .. I
r:
.v .l. : .l.1.. 1 ~ .l.1 .h l. l.1.i ·'
2015-2020
• VU Allocation Low Allocation Total Allocations
Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury 2023- 2031
I
t u
.i.HL11 I 1 ~ ' ~ ~
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Whether reviewing individual city details in Appendix 3 or reviewing the County results overall , the track record regarding very low- and low-income permitted units for affordable housing over the past 20 years is dismal. How will each city and the County meet more challenging targets (Appendix 5) for very low- and low-income housing in the next Housing Element cycle and what might enable attainment in the future?
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DISCUSSION
Affordable Housing
A Plan Without a Home
In every interview the grand jury conducted \Vith city and County officials, all communicated that they care deeply about the affordable housing issue in their communities. However, none of those interviewed acknowledged or identified themselves, their department or any other agency as having responsibility for the actual attainment of RHNA housing targets. Although we found the Housing Element Plans on the various city and the County entities, we did not find any language or group description that identified an ov.ning entity that is either accountable or responsible for the execution of the Housing Element Plan, identifying and addressing obstacles, or attaining state mandated targets. The grand jury was unable to find any owner for the actual achievement of state mandated housing targets. Meaning that once a Housing Element plan containing the mandated housing targets for each in.come group was approved, no individual or department was responsible for implementing the approved Housing Element plan or accountable for the progress/results against the established targets within the plan.
Our investigation looked at three specific areas that should enable affordable housing. First, the RHNA targets identified in housing element plans and who in local government takes ownership to implement approved HEPs. Second, what control do our cities and the County have in the affordable housing development process? Finally, the state's relationship with our cities and the County: how decisions by the state impact affordable housing development in our County.
RHNA Targets and City and County Responsibility
Each city is required by the State of California to provide an updated housing element plan for approval every eight years. The Association of Bay Area Governments (ABAG), a Bay Area local government consortium whose mission is to strengthen cooperation and collaboration across local governments in order to build healthier and stronger communities, receives the affordable housing target data from the state. This data outlines how much housing will be needed, by income category , for the next reporting cycle. ABAG distributes the individua l targets for each city and the County for the current cycle. ABAG then provides a report, before the next housing element cycle, which documents each city and the County results against targets.
Contra Costa County city and County performance in issuing housing permits for very low- and low-income residents for the last three housing clement cycles, 1999-2006, 2007-2014 and 2015- 2020, showed significant misses of actual permits issued against the targets.
The charts in Appendix 3 reflect the number of permits issued by city, against RHNA allocation targets for each housing element. Appendix 5 is the final RHNA allocation for 2023-2031. All data presented in appendices 3 and 5 reflect that our cities and County are permitting housing , primarily for residents in the 120 percent of median or higher income classification.
City and County officials are primarily focused on getting HCD to approve an individual housing element plan. In multiple interviews with various city officials, after HEP approval we did not find examples of consistent communication of progress to meeting targets for very low- and low income residents. In these same interviews, RHNA targets were described as "aspirational, not Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury r@J12 of 38
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realistic, or not attainable." Interviewees used different words, but overall, RHNA targets were considered mostly an academic exercise that no one takes seriously. Furthennore, we did not find a specific ovmer for attainment of the housing element plan allocations, leading us to believe that this could well be one of the key reasons for our County's failure to realize (permit and build) affordable housing for very low- and low-income residents.
Additional Obstacles that Hinder the Development of AH
Six additional obstacles to the development of AH for residents identified as very low- and low mcome are:
• limited availability of land;
• restrictive zoning policies specific to AH development; o limited developer interest to bring projects forward; • limited funding;
• lack of community support;
• NIMBY - an industry term that denotes opposition to development in a neighborhood, community, or city.
These obstacles are not uniform or constant across the County. Rather, some are more pronounced in one area or at one time.
Limited Availability of Land
Cities with less available land, but access to mass transit hubs, benefit from incentives to build AH close to transit centers. West County cities have benefitted the most from these projects. East County cities with large tracts of undeveloped land have had recent success in building AH projects for very low- and low-income residents. The Antioch Family and Senior Apartments project, completed in 2022, is an example of a successful AH projecti in that it was submitted, approved, and completed in a relatively short time period with minimal roadblocks (References/ Bibliography East Bay Times October 22, 2022). Central County cities must balance extremely high land costs against AH development needs.
Restrictive Zoning Policies Specific to AH Development
City zoning ordinances vary greatly throughout the County but in many instances are not conducive to the development of AH. For instance, we conducted a limited proactive review of existing zoning policies to see if there were any subtle changes to local building codes that could be made to ease the approval of AH projects. Some cities zone land for AH development, but land that is far from basic services, in v.ery expensive-to-develop areas, or in environmentally sensitive locations. Some cities have restrictive height zoning ordinances. Many cities do not have an inclusionary housing ordinance. (An inclusionary housing ordinance requires developers to set aside select units for very low- and low-income residents when proposing projects or to pay cities for the exclusion creating a local funding opportunity.) Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http:l/www.cc-courts.org/grandjury r@13 of 38
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Developer Interest to Bring Projects Forward
Actions by local city councils greatly influence how developers view their ability to successfully create an AH development. In our interviews with city officials and developers. it wac; determined that city councils that work openly to mitigate community concerns, don't flip flop after a project has been properly vetted, and are \.villing to team with developers as partners throughout the long approval and development process are viewed as fostering conducive and supportive environments for AH development. Failure to team with a developer or to actively address obstacles during the approval and development process often results in failing to meet AH targets.
Limited Funding
The lack of funding and the complexity associa~ed with getting funding support for AH projects are obstacles. The state prioritizes AH projects that provide some local funding support.
Developers who rely on tax incentives to help secure project funding get a better place in line to have their projects approved if there is demonstrated local funding support. City officials attribute the elimination of redevelopment agencies as a local funding source in 2012 as a key reason local funding has been so difficult to obtain. The County has been slow to provide alternative funding sources. Voters passed Measure X in 2020, and housing funds will finally be available in 2023. Other Bay Area counties took a more assertive role in providing alternative funding support for their cities.
In 2016, Alameda County passed measure A I, which dedicated $580 million for AH. In 2016, Santa Clara County passed Measure A~ which allocated $950 million for AH. In Contra Costa County, Measure X carved out $240 million as a dedicated housing fund~ with a stipulation that only $12 miUion annually for 20 years will be allocated to support housing. No funds are dedicated specifically to building housing for very low- and low-income residents, and there is no direct link of fund requests to achieving RHNA targets.
Lack of Community Support
Cities across the County have a wide range of policies around outreach and education about AH.
The effort to educate communities as to why this housing issue is so important is broadly different across the County. In reviewing successful AH projects completed in the County citizen involvement and participation has shown to lessen local opposition to AH.
NIMBY Opposition and City Council response to NIMBY Opposition NIMBY opposition was frequently cited by the developers that we interviewed as a primary cause of wasted resources and unnecessary project delays. Communities where projects get tied up in extensive local battles with non-supportive citizens or with city councils that reverse earlier decisions made through the nonnal local development process were cited by developers as influencing whether they would consider proposing AH projects in these communities.
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Cities and Their Relationship with the State of California The state grants cities and counties broad independence to do what is best for their community regarding housing development. But the state retains the ability to override local city jurisdiction.
The Builder's Remedy provision in California's Housing Accountability Act has been in place since 1990. It grants developers the authority to bypass any local zoning or approval process and move projects forward if a local government entity is not in compliance with its current Housing Element plans. Compliance has meant meeting the requirement to have an approved HEP. While in place for many years, the state, until recently, has rarely enforced this provision. City and County officials who were interviewed recognize that there is now a more intense state oversight process to plan submissions, and there are potential penalties for poor content plans or plans that do not get approved by state deadlines. This renewed intensity of focus has forced cities and counties to improve the quality of their Housing Element plans. The Builder's Remedy is the draconian solution that the state may enforce if cities insist on proposing Housing Element plans that are not implementable. The city and County officials interviewed for this investigation expect to get their housing element plans approved. But again, plan approval does not equal plan implementation.
Senate Bill 35 allows qualifying development projects with certain minimum affordable housing guarantees to move more quickly through the local government review process. The bill amended the Government Code to restrict the ability of local governments to reject these projects. A project approved under SB 35 cannot be challenged under the California Environmental Quality Act ( CEQA). This is an important feature of projects developed under SB35 as much has been discussed publicly about how CEQA lawsuits have been used to slow or stop the development of AH projects. Appendix 4 identifies individual cities and counties that have met their prorated very low- and low-income RHNA goals for the latest reporting period.
It's a small list. In this County, only El Cerrito qualified for exemption from SB 35. We did not find examples of projects being developed in this County that have been or could be streamlined under SB 35.
Cities in this County that propose Housing Element plans, implement their approved plans, and meet RRNA targets for very low- and low-income residents will not run the risk of losing local development control through either Builder's Remedy or SB35.
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Findings and Recommendations
Findings:
Fl. Within existing city or County infrastructure there is no clear owner who is responsible for achieving RHNA permitting targets.
F2. City and County officials see no direct path to meet state-mandated regional housing (RHNA) targets.
F3. There are currently no measurable penalties if a city or a County does not achieve RHNA targets in an approved housing element plan.
F4. Data published by ABAG shows that Contra Costa County and most of its cities have missed their current RHNA targets for very low- and low-income housing allocations. The allocation requirements continue to increase (16x for very low-income and 4x for low incomc residents).
F5. Many obstacles hinder the development of AH at the local level, specifically for very low and low-income housing, including:
a. Limited availability of land;
b. Restrictive zoning policies specific to AH development; c. Limited developer interest to bring projects forward; d. Limited available funding;
e. Lack of community support;
f. NIMBY opposition & city council response to NIMBY opposition.
F6. Zoning changes are generally addressed only when a project is presented for development.
Zoning obstacles include:
a. Housing element plans that offer poor land choices for AH development; b. Restrictive height and high-density zoning policies; c. Lack of inclusionary housing ordinance(s) in many cities.
F7. Penalties directed at cities and the County (financial loss of control over local planning) are tied to not meeting state deadlines for Housing Element plan approval F8. Builder's Remedy and SB35 projects do not address ingrained local obstacles identified in this report that prevent the completion of approved AH projects.
F9. When local Redevelopment Agencies (RDA's) were discontinued by the state in 2012, the County and cities did not address the loss of funding for affordable housing or find alternative funding to support affordable housing projects until voters passed Measure X in November 2020. Projects that target very low- and low-income residents were particularly impacted.
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Fl 0. Measure X housing funds are not fully dedicated to building AH for very low- and low income residents.
FJ 1. Local funding provided by bonds like Measure X Housing Fund is a critical component of a developer's overall ability to raise funds for an AH development.
Fl2. Cities that proactively engage citizens, address zoning obstacles, make reasonable zoning concessions, work coUaboratively with developers, provide local funding support, and are united in addressing NIMBY opposition , have been successful in attracting AH projects.
Fl 3. The latest RHNA targets for cities and unincorporated Contra Costa County show a significant increase in the number of units that are expected to be permitted for very low and low-income housing.
Recommendations:
Rl. Each city and the County should consider assigning a staff position \Vith clear leadership, o\lmership and accountability to achieve allocated RHNA targets. The individual in this position would be responsible for establishing and promoting an operational plan to achieve the RHNA goals set forth in the housing element plan.
R2. Each city and the County should report AH progress and lack of progress using data across all four measured income groups. Special attention should be paid to tracking the housing needs of residents categorized as very low- and low-income. Cities and the County should communicate their progress, biannually, against RHNA targets at council and supervisor meetings.
R3. Each city and the County should consider creating a dedicated AH commission comprised of a multi-disciplinary team of diverse citizens and led by a current, nonelected, city expert in planning. Each commission would be charged with providing a community voice in the process and helping to identify and address obstacles that hinder the development of affordable housing projects in their community.
R4. Each city and the County should consider reviewing existing processes and identifying changes that would address or resolve the specific obstacles identified in this report that hinder achieving RHNA allocation targets for very low- and low-income housing in their community.
RS. Each city and the County should consider developing a public dashboard to report progress against RHNA targets.
R6. Each city and the County should consider, in their individual Housing Element plans, putting forth land zoned "suitable for residential use," without development obstacles~ and located strategically close to existing services, for AH purposes.
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R7. Each city and the County should consider reviewing their zoning policies to identify restrictive zoning policies unique to their jurisdiction that impede AH projects and consider making zoning changes in light of that review that will support AH in their community.
R8. Cities should consider adopting an inclusionary housing ordinance as part of their standard development policy by the end of 2023 (if not already in place).
R9. Each city and the County should consider how to prioritize the implementation of housing projects that promote development of very low- and low-income housing.
RIO. Each city and the County should consider prioritizing Measure X funding requests that support projects that address RHNA targets for very low- and low-income residents. Each city and County should consider reporting regularly to their residents on the use of Measure X funds for such purposes.
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REQUIRED RESPONSES
As required by California Penal Code sections 933(b) and 933.05, the 2022-2023 Contra Costa County civil grand jury requires responses from the following governing bodies:
Responding Agency Findings Recommendations
tantra Costa County Board of Supervisors F1--F13 R1-R7 & R9-R10 Antioch City Council F1-F13 R1-R10
Brentwood City Council F1-F13 R1-R10
Clayton City Council F1-F13 R1-R10
Concord City Council F1-F13 R1-R10
Danville City Council F1-F13 R1-R10
El Cerrito City Council F1-F13 R1-R10
Hercules City Council F1-F13 R1-R10
Lafayette City Council F1-F13 R1-R10
Martinez City Council F1-F13 R1-R10
Moraga City Council F1-F13 R1-R10
Oakley City Council F1-F13 R1-R10
Orinda City Council F1-F13 R1~R10
Pinole City Council F1-F13 R1-R10
Pittsburg City Council F1-F13 R1-R10
Pleasant Hill City Council F1-F13 R1 · R10
Richmond City Council F1-F13 R1-R10
San Pablo City Council F1-F13 R1-R10
San Ramon City Council F1-F13 R1-R10
Walnut Creek City Council F1-F13 R1-R10
These responses must be provided in the format and by the date set forth in the cover letter that accompanies this report. An electronic copy of these responses in the form of a Word document should be sent by e-mail to [email protected]. gov and a hard (paper) copy should be sent to:
Civil Grand Jury -Foreperson
725 Court Street
P.O. Box 431
Martinez, CA 94553-0091
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REFERENCES:
Bibliography:
• Association of Bay Area Governments:
o RHNA 1999-2006 Final Report
o RHNA San Francisco Bay Area Progress in Meeting 2007-2014 o RHNA 2015 -2020 Bay Area Building Permit Activity Report o RHNA Final Regional Housing Needs Allocation Plan: San Francisco Bay Area. 2023-2031
o RHNA - Regional Housing Needs Allocation
o RHNA: Housing Element Law Changes from 1969 to 2020
• U.S. Census Quick Facts I Contra Costa County, CA
• Fannie Mae Area Median Income Lookup Tool I Contra Costa Countv. CA • CEOA: The California Environmental Oualitv Act
• SB35 Affordable Housing: Streamlined Approval Process • Housing Accountability Act (Government Code Section 65589.51 ): Builder's Remedv and Housing Elements
• Mercury News, February 13, 2023: New bill would extend controversial California housing law
• Mercury News, October 20, 2022: Antioch unveils its newest and largest affordable income apartment complex
• Contra Costa County Civil Grand Jury, 2015-2016, Report 1614: Where Will We Live? The Affordable Housing Waitinl! List is Closed
• Contra Costa Conservation and Development: Measure X Housing Fund • Santa Clara County Office of Supportive Housing: 2016 Measure A - Affordable Housine Bond
• Alameda County HCD: Measure At Implementation Policies - Rental Housing Development Fund & Innovation and Opportunity Fund
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Appendices
A-1. Contra Costa County Average Median Income 2022
2022 State Income Umits
Contra Costa County
Income Umits by Household Size - Effective May 13, 2022 Median Family Income - $142,800
Acutely low Extremely Low Very Low Mod!Jfate
Persons per Low Income Median
Household Income Income Income 80%AMI Income Income
15%AMI 309'AMI 50%AMI U09'Ap,ill
1 $15,000 $30,000 $50,000 $76,750 $99,950 $119,950
2 $17,100 $34,300 $57,150 $87.700 $114,250 $137,100
3 $19,250 $38,600 $64,300 $98,650 $128,500 $154,200
4 $21,400 $42.850 $71,400 $109,600 $142,800 $171,350
s $23,100 $46,300 $77,150 $118,400 $154,200 $185,050
6 $24,800 $49,750 $82,850 $127,150 $165,650 $198,750
7 $26,550 $53,150 $88,550 $135,950 $177,050 $212,450
8 $28,250 $56,600 $94,250 $144,700 $188,500 $226,200
For lnduslonary Housing, Density Bonus, and calculating rents and for-sale prices Income Umlts from 2022 State Income Umlts from the Department of Housing and Community Development State lnwme Limits apply to designated programs, arc used ta determine appllcant eliglblllty (based on the level of household income) and may be used to ca!wlatc affordable houslns costs for applicable hoLISing assistance proarams. Use of State Income Limits arc subject to a particulill prosram's definition of Income, family, family size, effective dates and other factors. In addition, definitions applicable to Income categories, crlterlQ, and geographic areas sometlmll$ differ depending on the funding source and program, resuldng In some programs using other Income limits.
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A-2. 2022 CCC Wages, Rent to Income, AMI Status
Occupation Mean Annual % of Monthly % of Monthly
Wage(2022) Income Needed Income Needed
for a 2-Bedroom for a 3-bedroom
Unit Unit
Food Service Worker $36,488 87% 113%
I Dishwasher $38,853 82% 107%
Hairdressers $42,203 75% 98%
Retail Salespersons $43,018 74% 97%
I Securitv Guards $45,998 69% 90%
Receptionists and $46,833 68% 89%
Information Clel"ks
Preschool Teachers $46,103 69% 90%
Medical Assistants $59.313 54% 70%
Education and Chlldcare $66,492 48% 62%
Aclmlnlstratot"S
Licensed Practical and $78,255 41% 53%
Licensed Vocational
Nurses
$91,041 34% 46%
Education Teachers,
Postsecondary
Police and Sheriff's Patrol $126,289 25% 33%
Officers
Computer and $132.023 24% 32%
Mathematical
Occupations
Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury Income Status - % of
AMI•
Extremely Low
(<30%AMI)
Extremel11 Low
Extremely Low
Very Low
(50%AMI)
Vervlow
Very Low
Vftf'Y Low
Very Low
Vet"V Low
Low
(80%AMI)
Low
Median
M ed ian
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A-3. Bay Area RHNA Allocations and Progress
CCC Progress in Meeting 1999-2006 Regional Housing Need Allocation Very tow Low Modtr1te Abovt~;att
Percent of ,e-ICtll\ al Percent of
RHNA Pemllt$ Allocatlon RHNA P!rmlts AllocaUon RHNA Permits Allotatlon Allllutlon ISSUed hfmHtad Alkicallon Issued Permitted Aloutlon ISSl&ad Pennltted Com Cosla Counll
IAntloch' 921 435 47" 509 403 79" 1,156 1,923 165'1
Brentwood' 906 376 42% 476 238 SO!lo 958 2,166 226"
Clal'tOll' SS 67 122" 33 17 52" 84 16 19"
concool' 453 111 3"-" 273 115 42" 606 76 B"
Dan¥ille' 140 85 61" 88 56 64K 216 84 39K
Elcen1to' 37 0 0% 23 5 22% 48 19 40%
H~l'Cllles' 101 96 95" 62 68
"°"
195 93 48K
Ulawette' lO 15 SOK 17 2 12" 42 0
°" Martinez" 248 0
°"
139 0
°"
341 0
°" Mor~sa· 32 21 66K 17 0
°"
45 0
°" Oakley' 209 168 8°" 125 293 234!1 321 51 16"
Orinda~ 31 0
°"
18 0
°"
43 0
°" Pinole' 48 34 71" 35 6 17" 74 80 108%
Pl1tsbu11' 534 247 461' 296 381 129'1 696 800 115"
PleasantHilf 129 95 74" 79 69 87" 175 226 129%
Richmond' 471 200 m m 1.093 400% 625 m 21"
SanPabto• 147 214 146% 69 70 101" 123 16 ll"
5a11Ramon
1 599 157 26'6 372 407 11l9K 984 1,143 116"
Walnut Cttek
1 289 99 34" 195 80 41" 418 175 42%
Unln(«POratl!d' 1,101 3n 34" w 177 28" 1,401 11 5"
Total &,481 t85Z
""
3,741 3MO 9J• 8,551 7816 m
Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury Peatntof Tot.I
RHNA Ptrmlts Allocation f'lnnllJ
-'llocatlon IUIMU! Ptnnltttd i..u
1,873 3,213 172" 5,974
1,733 7,687 444M 10,467
274 119 43K 21.!
987 2.411 244K 2,m
666 496 74" 7ll
77 210 273" 234
434 1,818 419'6 2Jm
105 186 177% 2QJ
613 424 ~ •l•
120 65 54" ¥
553 1,888 341K 2,G
129 157 122" l5J
131 52 401' 17l
987 2,477 251'' l,VO!
m 362 100% 7SJ
1,23' 80S 65" J.m
155 366 236%
"' 2,492 5,538 122" 7,245
751 1.m 1~ 1,41i
2,292 5,151 225" s.m
15,937 34,548 Zl"" '1'.JSI
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CCC Progress in Meeting 2007-2014 Regional Housing Need Allocation \'try low (9.SO!IAMI) low!somAMll Modmte llO-UOl'AMJ} AIMM Modetllt IUOI+ AMQ Total COHTRACOSTA Perant Percent Pwnl Pelcent COUNlY Ptnds Pelttntof Pmnlls ofRHNA Ptlmils ofRHNA Pellllils of RIINA Ptmlls ofRHNA RIINA ls1ll!ll RllNAMet RHNA Issued Mel RIINA lswed Met RIINA llsued Met RHNA bsutd Mee Anlia<h 516 8 2' m 20 6!1 381 834 }U!I l.D46 381 .. U82 U.43 S4l Bltd\WOOd 717 192 Z1ll m 58 13% 480 17S J6ll 1.013 LfiOI 1SO!I 2.70S 2,DJ) 7S' Davion 49
°"
JS l 111 n 2 51 34 46 135!1 ISi 49 m
COncOld' 639 2 f!l 426 Oll 498 8 2" JABii 216 1Sti 3.Dll 226 71 llinvtllel 196 2 lll uo 84 651 146 WI 6ft 111 287 2S9K 58J 474 l1W EICtlrito 93 142 linl S9 38 ~" 80 13 I~ 199 161 821 m lS6 m Herailes
1 10 Oii 74
°"
73 Oii 163 15) 94i m m 141
labvt1te1
m 47 UK 77 8
'°"
80 8
'°"
91 170 18711 J6l 2U 6)!
Martinel m q 18' 166
°"
179 4 1" 454 1'8 m l,060 200 !!II
.Mcil;JQ 73 °" 47 Oll 52 DI 62 9 1Sll 234 9
" l>al!Y' 219 242 1111 120 191 IS9l sa 874 99111 348 m 9511 775 1.6]8 21U Olinda 10 72 10111 48 20 42) SS 22 tall •s m .!04lC 218 251 llS~ Pinole 83 2 111 49 I
"
'8 10 2lll 14J 59 41'1 323 7Z m
Pitt1llnv m 79 lSl m 126 S71 296 666 2251' 931 839 m 1.772 1.710 91'1 Pleasant Hill 160 g m !OS 1 II 106 8
"
m 194 7511 6U 212 _y,
Rldurond 391 74 IJll 339 153 CSK 540 m CSll l,S56 892 S7lC 2,826 1.162 QI WihblrJ 22 ~ 38 I }) 60 35 581 178 OI 298 36 121'
Wl:limon 1.174 196 17' 715 m 36~ 740 302 41" 8J4 2.247 269tl 3.463 3,IXX) m \Y*11! Creek 456 150 1lll 302 2S 11 314 19 5' 12~ 1.206 14611 1.958 HOO m Co!ltn Costa Crurilv' 815 88 llli 598 S3 91 617 330 48' 1,408 1.6n Ii.gt J.SOS J,143 ill.
CGllll'vlcbls 6,512 J)5J m '325 1,GJS zci 4,996 ~ m 11,239 10,751 fB 21,an 1',IOll UI CCC Progress in Meeting 2015 - 2020 Regional Housing Need Allocation r-- ··-·::.._- __ . . r- ~, - I ~ · --....... . •
f 1 , ~~· . . ... I . ·-·· . . . -.. ,.
~'> T ·~·I -~ - '"t, ....... ........ "--' ~ ... ·1 ,I. U ·•· ....... • 1 .. , ... .. ....... ·- -· •••• '"' .• . •• , I ••.•• , I..,. . ··1 1 •· ' . 1 '· .... I ~----~-~-~-- --. .
- - ... .. ...
U< , • I
.. 0 0 a ' -""
0 0 0 0 0 .... ...
"' • 0 JO 111 J ll JO l ... IJ4
UI>
"
0 "
.q • • • - .. 0
.... 0 0 0 111 0
" "
IA UD •
UI
'
0 '
II • 0
' ... • II
""
0 • 0
"
0 • ""'
II 0
,. 0 0 .. 0 0 • .... ,. 0
Jll • 0 • "'
no 1111
-
ll'I 5
.. 0 0 0 .. 0 ... :M 0
., 0 0 0 ... 0 ... .q 0
Jll .. 0 .. ,,. ... " ,., lt3
'" • ... • • 0 .. .. 0 .. - .. 0
.. 116 0 M m II • 11 .... •1• 0
16 0 • 0
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~ .. l!o 0 a ... •• 0 17 " .. m ... .... JO • .. .... M ti to JI ... ... • ,,. ., l iJ !~ m "' • tn
- '"
Jl
Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury ~
• .. .,.
I) u .... 116
m 111
""' ... ... .. .. - "
119
• 0 c.. •• • • • ,,,. .. ..
ilOI , .. .,... SQl 1,m
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11 " , ... Ull 9"'
.. .q
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117 JU
0 0 ... ..... 111
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JO
• ... -
JIO UAI
-.. .. ,,..
-
U• ,,, .. IJO .... .., ..... ....
[@J24 of 38
149
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------------ - - - - - - - -
Brentwood
Clayton
Concord
Da"'°lle
El Centlo
Harcules
Martinez
Moraga
Orinda
Pinole
P1ttsb1ug
P11asan1H~
6anl'llblil
San Rlmon
Walnut Cree!<
COntrlCOllll
Un[nc: nt!«l
349
234
51 788
198
100
220
138
124
75 317
84 80
392
118
438
58 518
804
374
175
0 0
20 82
0 0
0 8
0 0
75 0
288
0 25
92 1e m m1 20s
t'llo 124
25 20 10% 111
82 82'1
0% 118
O'llo
78 72
44 3% 174
47 Olio 48
75 11,. 254
288 lt'llo 305
O'llo 53
I'll 279
98 1111. 355
13 17% 211
RHNA: Regional Housing Needs Allocation
%RHMA Met> I 00
75> %RliNA Met> I 00
%RHNMet<75
299
0 170
7Da
19 St
87 18
174
10 27
0 300 ·- 214
1B 13% 123
Z0% 31
Olio 559
30 Z7'11o 124
e 10% ea
18 1411 100
8 0
0 l'llo
Olio
85 78
50 HO H'llo 175
0 0
Dllo
D'llo
34 742 292'. 318
0 0
19 Zl'llo 84
n 27'll 410
1311 75
~i ,11,., 282
10 25 Ill 381
'" 84'4 243
24 0
28 184
31 Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http:/lwww.cc-courts.org/grandjury 34 ns
85 • ..,. 279 3.192
0 D'lo
10 2% 1,877 501
38 40 32% 128 484
13 13 11% 166 459
217 217 217% 244
40 O'llo 195 88
6 t2llo 60
208 234 1.,.., 502 1.273
30 71
41 21
71 2~ 1,063
41 41% 177
0)1 1.282
29 3111. 285
25 978
112
812
36 184 5111 340 1,547
44 Ullo 895 1,210
99 130 U'llo 532 1.53'
t11'1o
1144'11o
1•llo
455"
13W
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Final RHNA Allocations for 2023-2031
VERY LOW INCOME LOW INCOME MODERATE INCOME
Jurisdktion
(<SO'!. of Am (50-ll0".4 of 4rta (80-1Mo!Atu
Mtcfianlll<Ol11t) Medlin lncomel Mtdillt 11'11:.,,,f)
CONTRA COSTA COUNTY
Antioi;h 792 456 493
Brentwood 402 232 247
Oayton 170 97 84
Concord 1.292 744 847
Danville 652 376 338
El Cerrito 334 192 241
Hercules 344 198 126
Lafayene 599 344 326
Martinoz. 350 201 221
Moraga 318 183 172
Oakley 279 161 172
Orinda 372 215 215
Pinole 121 69 87
Pins burg 516 296 346
PlouantHill 566 326 25"
Riclimond 840 485 638
San Pablo 173 100 132
San Ramon 1,497 862 767
Unincorporated Contra Costa 2.072 1,194 1,211
Walnut Creek 1,657 954 890
Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury
ABOVE MODERATE
INCOME
(>12°"ofAm
Median IDCOrnt) TOTAL
1.275 3,016
641 1,522
219 570
2.190 5,073
875 2.241
624 1,391
327 995
845 2.114
573 1,345
445 1,118
446 1,058
557 1.359
223 500
894 2,052
657 1,803
1,651 3,614
341 746
1,985 5,111
3,133 7,610
2,304 5,805
-
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A-4. SB 35 Very Low Income and Low-Income Determination Summaries
Cities and Counties Not Cun·ently Subject to SB 35 Streamlining Provisions This determination represents Housing Element Annual Progress Report (APR) data received as of June I, 2022. The following 38 jurisdictions have met their prorated Lower (Very-Low and Low) and Above-Moderate Income Regional Housing Needs Assessment (RHNA) for the Reporting Period and submitted their latest APR (2021 ).
These jurisdictions are not currently subject to the streamlined ministerial approval process (SB 3 5 (Chapter 366, Statutes of 201 7) streamlining) , but the jurisdictions are still encouraged to promote streamlining. All other cities and counties beyond these 38 are subject to at least some form of SB 35 streamlining~ as indicated on the following pages.
For more detail on the proration methodology or background data see the SB 35 Determination Methodology.
JURISDICTION JURISDICTION
1 ATHERTON 20 MILL VALLEY
2 BELL 21 MONTE SERENO
3 BELLFLOWER 22 NEWPORT BEACH
4 BEVERLY HILLS 23 NORWALK
5 BUENA PARK 24 PLUMAS CO.
6CALISTOGA 25 ROHNERT PARK
7 CARPINTERIA 26 ROLLING HILLS ESTATES
8 CORTE MADERA 27 SAINT HELENA
9 EL CERRITO 28 SAN BERNARDINO CO.
10 FOSTER CITY 29 SANTAANA
11 FOUNTAIN VALLEY 30 SANTA CLARA CO.
12 GUADALUPE 31 SANTA MONICA
13 HILLSBOROUGH 32 SIERRA CO.
14 INDUSTRY 33 SOLVANG
15 LA HABRA 34 SONOMA CO.
16 LA QUINTA 35 UKIAH
17 LAGUNA NIGUEL 36 VILLA PARK
18 MENDOCINO CO. 37 WESTMINSTER
19 MENLO PARK 38WOODSIDE
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Cities and Counties Subject to SB 35 Streamlining Provisions When Proposed Developments Include ~l 0% Affordability
These 263 jurisdictions have insufficient progress toward their Above Moderate income RHNA and/or have not submitted the latest Housing Element Annual Progress Report (APR) (2021) and therefore are subject to the streamlined ministerial approval process (SB 35 (Chapter 366, Statutes of 20 J 7) streamlining) for proposed developments with at least 10% affordability.
JURISDICTION JURISDICTION JURISDICTION
1 ADELANTO 28 BURBANK 55 DEL REY OAKS
2 ALAMEDA CO. 29 BUTTE CO. 56 DELANO
3 ALISO VIEJO 30 CALAVERAS CO. 57 DESERT HOT SPRINGS
4ALTURAS 31 CALEXICO 58 DIAMOND BAR
5AMADOR 32 CALIFORNIA CITY 59 DORRIS
6AMADORCO. 33 CALIPATRIA 60 DOS PALOS
7 APPLE VALLEY 34 CARSON 61 DUNSMUIR
SARCADIA 35 CERES 62 EAST PALO AL TO
9ARCATA 36 CHOWCHILLA 63 EL CAJON
10 ARROYO GRANDE 37 CITRUS HEIGHTS 64 EL CENTRO
11ARVIN47 38 CLAYTON 65 EL MONTE
12 AUBURN 39 CLEARLAKE 66 ESCALON
13AVALON 40 CLOVERDALE 67 ESCONDIDO
14 AVENAL 41 COACHELLA 68 ETNA
15AZUSA 42 COLMA 69 EUREKA
16 BAKERSFIELD 43 COLTON 70 EXETER
17 BANNING 44 COLUSA 71 FAIRFAX 107
18BARSTOW 45 COLUSA CO. 72 FARMERSVILLE
19 BEAUMONT 46 COMMERCE 73 FERNDALE
20 BELVEDERE 47COMPTON 74 FILLMORE
21 BENICIA 48 CONCORD 75 FIREBAUGH
22 BIGGS 49CORCORAN 76 FORT JONES
23 BISHOP 50 CORNING 77 FORTUNA
24 BLUE LAKE 51 COSTA MESA 78 FRESNO CO.
25 BLYTHE 52 CRESCENT CITY 79GLENN CO.
26 BRADBURY 53CUDAHY 80 GONZALES
27 BRAWLEY 54 DEL NORTE CO. 81 GRASS VALLEY
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JURISDICTION JURISDICTION JURISDICTION
82 GREENFIELD 117 LEMON GROVE 152 NOVATO
83 GRIDLEY 118 LEMOORE 153 OCEANSIDE
84 GUSTINE 119 LINCOLN 154 OJAI
85 HALF MOON BAY 120 LINDSAY 155 ORANGE COVE
86 HANFORD 121 LIVINGSTON 156 ORLAND
87 HAWAIIAN GARDENS 122 LOMA LINDA 157 OROVILLE
88 HAYWARD 123 LOMPOC 158 OXNARD
89 HESPERIA 124 LOOMIS 159 PACIFICA
90 HIGHLAND 125 LOS ANGELES CO. 160 PALMDALE
91 HOLTVILLE 126 LOS GATOS 161 PARLIER
92 HUGHSON 127 LYNWOOD 162 PASO ROBLES
93 HUMBOLDT CO. 128 MADERA 163 PATIERSON
94 HUNTINGTON BEACH 129 MADERA CO. 164 PERRIS
95 HUNTINGTON PARK 130 MARICOPA 165 PICO RIVERA
96 HURON 131 MARTINEZ 166 PINOLE
97 IMPERIAL 132 MARYSVILLE 167 PLACERVILLE
98 IMPERIAL CO. 133 MAYWOOD 168 PLEASANT HILL
99 INGLEWOOD 134 MCFARLAND 169 POMONA
100 INYO CO. 135 MENDOTA 170 PORTERVILLE
101 IRWINDALE 136 MERCED CO. 171 PORTOLA
102 ISLETON 137 MILLBRAE 172 POWAY
103 KERMAN 138 MODESTO 173 RANCHO CORDOVA
104 KERN CO. 139 MONTAGUE 17 4 RED BLUFF
105 KINGS CO. 140 MONTEBELLO 175 REDLANDS
106 KINGSBURG 141 MONTEREY 176 REDONDO BEACH
107 LA HABRA HEIGHTS 142 MONTEREY PARK 177 REEDLEY
108 LA MIRADA 143 MORENO VALLEY 178 RIALTO
109 LA PUENTE 144 MORRO BAY 179 RICHMOND
110 LAKE CO. 145 MOUNT SHASTA 180 RIDGECREST
111 LAKE ELSINORE 146 NATIONAL CITY 181 RIO DELL
112 LAKEPORT 147 NEEDLES 182 RIPON
113 LAKEWOOD 148 NEVADA CITY 183 RIVERBANK
114 LANCASTER 149 NEVADA CO. 184 RIVERSIDE
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JURISDICTION JURISDICTION JURISDIC TION
115 LASSEN CO. 150 NEWMAN 185 RIVERSIDE CO.
116 LAWNDALE 151 NORCO 186 ROLLING HILLS
187 ROSS 213 SANTEE 239 TUO LUMNE CO.
188 SACRAMENTO 214 SARATOGA 240TURLOCK
189 SACRAMENTO CO. 215 SAUSALITO 241 TWENTYNINE PALMS
190 SALINAS 216 SEASIDE 242 VALLEJO
191 SAN BERNARDINO 217 SEBASTOPOL 243 VENTURA CO.
192 SAN BRUNO 218 SELMA 244 VICTORVILLE
193 SAN DIEGO CO. 219 SHAFTER 245 VISALIA
194 SAN DIMAS 220 SHASTA CO. 246 WATERFORD
195 SAN FERNANDO 221 SHASTA LAKE 247WEED
196 SAN GABRIEL 222 SIGNAL HILL 248 WEST HOLLYWOOD
197 SAN JACINTO 223 SISKIYOU CO. 249 WEST SACRAMENTO
198 SAN JOAQUIN 224 SOLANA BEACH 250 WESTLAKE VILLAGE
199 SAN JOAQUIN CO. 225 SONORA 260 251 WESTMORLAND
200 SAN JUAN BAUTISTA 226 SOUTH GATE 252 WHEATLAND
201 SAN LEANDRO 227 SOUTH LAKE TAHOE 253 WILDOMAR
202 SAN MARINO 228 STANISLAUS CO. 254 WILLIAMS
203 SAN MATEO CO. 229 STOCKTON 255 WILLITS
204 SAN PABLO 230 SUISUN CITY 256WILLOWS
205 SAN RAFAEL 231 SUTTER CO. 257WINDSOR
206 SAND CITY 232 TAFT 258 WOODLAKE
207 SANGER 233 TEHACHAPI 259YOLO CO.
208 SANTA CLARITA 234 TEHAMA 260YREKA
209 SANTA CRUZ CO. 235 TEHAMA CO. 261 YUBA CITY
210 SANTA MARIA 236 TORRANCE 262 YUCAIPA
211 SANTA PAULA 237 TULARE CO. 263 YUCCA VALLEY
212 SANTA ROSA 238 TULELAKE
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Cities and Counties Subject to SB 35 Streamlining Provisions When Proposed Developments Include 2:: 50 Percent Affordability These 238 jurisdictions have insufficient progress toward their Lower income RHNA (Very low- and low-income) and are therefore subject to the streamlined ministerial approval process (SB 35 (Chapter 366, Statutes of 2017) streamlining) for proposed developments with at least 50% affordability. If the jurisdiction also bas insufficient progress toward their Above Moderate income RHNA, then they are subject to the more inclusive streamlining for developments with at least 50% affordability.
JURISDICTION JURISDICTION JURISDICTION
1 AGOURA HILLS 28 CANYON LAKE 55 DINUBA
2ALAMEDA 29 CAPITOLA 56 DIXON
3ALBANY 30 CARLSBAD 57 DOWNEY
4ALHAMBRA 31 CARMEL 58 DUARTE
5ALPINE CO. 32 CATHEDRAL 59 DUBLIN
6 AMERICAN CANYON 33 CERRITOS 60 EASTVALE
7 ANAHEIM 34CHICO 61 EL DORADO CO.
SANDERSON 35 CHINO 62 EL SEGUNDO
9 ANGELS CAMP 36 CHINO HILLS 63 ELK GROVE
10ANTIOCH 37 CHULA VISTA 64 EMERYVILLE
11 ARTESIA 38 CLAREMONT 65 ENCINITAS
12 ATASCADERO 39CLOVIS 66 FAIRFIELD
13ATWATER 40COALINGA 67 FOLSOM
14 BALDWIN PARK 41 COLFAX 68 FONTANA
15 BELL GARDENS 42 CONTRA COSTA CO. 69 FORT BRAGG
16 BELMONT 43CORONA 70FOWLER
17 BERKELEY 44 CORONADO 71 FREMONT
18 BIG BEAR LAKE 45COTATI 72 FRESNO
19 BREA 46COVINA 73 FULLERTON
20 BRENTWOOD 47 CULVER CITY 74 GALT
21 BRISBANE 48 CUPERTINO 75 GARDEN GROVE
22 BUELLTON 49 CYPRESS 76 GARDENA
23 BURLINGAME 50 DALY CITY 77 GILROY
24 CALABASAS 51 DANA POINT 78GLENDALE
25 CALIMESA 52 DANVILLE 79GLENDORA
26 CAMARILLO 53 DAVIS 80 GOLETA
27CAMPBELL 54 DELMAR 81 GRAND TERRACE
82 GROVER BEACH 114 LOS ALAMITOS 146 OAKLEY
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156
JURISDICTION JURISDICTION JURISDICTION
83 HAWTHORNE 115 LOS ALTOS 1470NTARIO
84 HEALDSBURG 116 LOS ALTOS HILLS 1480RANGE
85 HEMET 117 LOS ANGELES 149 ORANGE CO.
86 HERCULES 118 LOS BANOS 150 0RINDA
87 HERMOSA BEACH 119 LOYALTON 151 PACIFIC GROVE
88 HIDDEN HILLS 120 MALIBU 152 PALM DESERT
89 HOLLISTER 121 MAMMOTH LAKES 153 PALM SPRINGS
90 IMPERIAL BEACH 122 MANHA TT AN BEACH 154 PALO ALTO
91 INDIAN WELLS 123 MANTECA 155 PALOS VERDES ESTATES
92 INDIO 124 MARIN CO. 156 PARADISE
93 IONE 125 MARINA 157 PARAMOUNT
94 IRVINE 126 MARIPOSA CO. 158 PASADENA
95JACKSON 127 MENIFEE 159 PETALUMA
96 JURUPA VALLEY 128 MERCED 160 PIEDMONT
97 KING CITY 129 MILPITAS 161 PISMO BEACH
98 LA CANADA FLINTRIDGE 130 MISSION VIEJO 162 PITTSBURG 99 LA MESA 131 MODOC CO. 163 PLACENTIA
100 LA PALMA 132 MONO CO. 164 PLACER CO.
101 LA VERNE 133 MONROVIA 165 PLEASANTON
102 LAFAYETTE 134 MONTCLAIR 166 PLYMOUTH
103 LAGUNA BEACH 135 MONTEREY CO. 167 POINT ARENA
104 LAGUNA HILLS 136 MOORPARK 168 PORT HUENEME
105 LAGUNA WOODS 137 MORAGA 169 PORTOLA VALLEY
106 LAKE FOREST 138 MORGAN HILL 170 RANCHO CUCAMONGA
107 LARKSPUR 139 MOUNTAIN VIEW 171 RANCHO MIRAGE
108 LATHROP 140 MURRIETA 172 RANCHO PALOS VERDES
109 LIVE OAK 141 NAPA 173 RANCHO SANTA MARGARITA
110 LIVERMORE 142 NAPA CO. 174 REDDING
11 1 LODI 143 NEWARK 175 REDWOOD CITY
112 LOMITA 144 OAKDALE 176 RIO VISTA
113 LONG BEACH 145 OAKLAND 177 ROCKLIN
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Affordable Housing
A Plan Without a Home
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JU RISO ICTION JURISDICTION JURISDICTION
178 ROSEMEAD 199 SEAL BEACH 220 TULARE
179 ROSEVILLE 200 SIERRA MADRE 221 TUSTIN
180 SAN ANSELMO 201 SIMI VALLEY 222 UNION CITY
181 SAN BENITO CO. 202 SOLANO CO. 223 UPLAND
182 SAN CARLOS 203 SOLEDAD 224 VACAVILLE
183 SAN CLEMENTE 204 SONOMA 225 VENTURA
184 SAN DIEGO 205 SOUTH EL MONTE 226 VERNON
185 SAN FRANCISCO 206 SOUTH PASADENA 227 VISTA
186 SAN JOSE 207 SOUTH SAN FRANCISCO 228WALNUT
187 SAN JUAN CAPISTRANO 208 STANTON 229 WALNUT CREEK
188 SAN LUIS OBISPO 209 SUNNYVALE 230WASCO
189 SAN LUIS OBISPO CO. 210 SUSANVILLE 231 WATSONVILLE
190 SAN MARCOS 211 SUTTER CREEK 232 WEST COVINA
191 SAN MATEO 212 TEMECULA 233 WHITTIER
192 SAN RAMON 213 TEMPLE CITY 234 WINTERS
193 SANTA BARBARA 214 THOUSAND OAKS 235 WOODLAND
194 SANTA BARBARA CO. 215 TIBURON 236 YORBA LINDA
195 SANTA CLARA 216 TRACY 237 YOUNTVILLE
196 SANTA CRUZ 217 TRINIDAD 238 YUBA CO.
197 SANTA FE SPRINGS 218 TRINITY CO.
198 SCOTTS VALLEY 219 TRUCKEE
Contra Costa County 2022-2023 Civil Grand Jury Report 2306 Grand Jury Reports are posted at http://www.cc-courts.org/grandjury [@.133 of 38
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Affordable Housing
A Plan Without a Home
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A-5. News Articles Regarding Affordable Housing
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A Plan Without a Home
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Grand Jury Reports are posted at http://www.cc-courts.org/grandjury ~t35 of 38
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A Plan Without a Home
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A Plan Without a Home
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Grand Jury Reports are posted at http://www.cc-courts.org/grandjury r4t!i:l38 of 38
163
1 City of Pittsburg Responses to Civil Grand Jury Report No. 2306, Affordable Housing: “A Plan Without a Home”
Civil Grand Jury Findings
Finding No. 1. Within existing city or County infrastructure, there is no clear owner who is responsible for achieving RHNA permitting targets.
Disagree with the finding. State law does not require that the City create affordable housing.
State law requires that a City identify locations where affordable housing could be created and comply with the laws the state legislature intended to facilitate the development of affordable housing. The City has staff in the Planning division whose responsibility is to ensure compliance with state law. California Government Code section 65400(b) requires the City to prepare a General Plan Annual Planning Report for submittal to the California Governor’s Office of Planning and Research and California Department of Housing and Community Development each year.
Included in the report are the Regional Fair Share Housing Allocation (RHNA) status for the City of Pittsburg, t he City of Pittsburg has outperformed many of the other cities in Contra Costa County.
Finding No. 2. City and County officials see no direct path to meet state -mandated regional housing (RHNA) targets.
Disagree with the finding. The City of Pittsburg has identified sites in the Housing Element to meet the RHNA numbers. Housing element law requires an inventory of land suitable for residential development (Government Code Section 65583(a)(3)). An important purpose of this inventory is to determine whether a jurisdiction has allocated sufficient land for the development of housing to meet th e jurisdiction’s share of the regional housing need, including housing to accommodate the needs of all household income levels. There are 17 pending private residential developer projects that will have occupancy in the City of Pittsburg after July 1, 2023.
Finding No. 3. There are currently no measurable penalties if a city or a County does not achieve RHNA targets in an approved housing element plan.
Partially disagree with the finding. The City of Pittsburg partially disagrees because a public agency faces potential litigation from individuals, housing rights’ organizations, developers, or the state. Possible consequences include suspending the authority to issue building permits or approve certain land use permits. A public agency may also be subject to court-issued fines, court receivership, and streamlined approval processes that remove local discretion.
Finding No. 4. Data published by ABAG shows that Contra Costa County and most of its cities have missed their current RHNA targets for very low - and low-income housing allocations. The allocation requirements continue to increase (16x for very low -income and 4x for low -income residents).
Agree with the finding.
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2 Finding No. 5. Many obstacles hinder the development of AH at the local level, specifically for very low and low-income housing, including:
a. Limited availability of land;
b. Restrictive zoning policies specific to AH development; c. Limited developer interest to bring projects forward; d. Limited available funding;
e. Lack of community support;
f. NIMBY opposition & city council response to NIMBY opposition.
Partially disagree with the finding. Although the list of obstacles can hinder the development of affordable housing, the City of Pittsburg has an excellent track record, and has addressed each item in its Housing Element programs, policies, and actions to the extent feasible.
Finding No. 6. Zoning changes are g enerally addressed only when a project is presented for development.
Zoning obstacles include:
a. Housing element plans that offer poor land choices for AH development; b. Restrictive height and high-density zoning policies; c. Lack of inclusionary housing ordinance(s) in many cities.
Disagree with the finding. The City of Pittsburg’s Housing Element plan provides for an inventory of land and the information on the number of dwelling units that it can accommodate for parcels, which meets the RHNA for Pittsburg. In addition, the City of Pittsburg has an inclusionary housing ordinance. See Pittsburg Municipal Code Chapter 18.86, which can be found at the following link:
https://www.codepublishing.com/CA/Pittsburg/#!/Pittsburg18/Pittsburg1886.html#18.86
Finding No. 7. Penalties directed at cities and the County (financial, loss of control over local planning) are tied to not meeting state deadlines for Housing Element plan approval.
Agree with the finding.
Finding No. 8. Builder's Remedy and SB35 projects do not address ingrained local obstacles identified in this report that prevent the completion of approved AH projects.
Agree with the finding.
Finding No. 9. When local Redevelopment Agencies (RDAs) were discontinued by the state in 2012, the County and cities did not address the loss of funding for affordable housing or find alternative funding to support affordable housing projects until voters passed Measure X in November 2020. Projects that target very low - and l ow-income residents were particularly impacted.
Partially disagree with the finding . While the Successor Agency can no longer generate the 20% set-aside funds from tax increment; any former set-aside funds that are for the repayment of housing-related loans are placed in an account for future affordable housing efforts. 165
3 For example, these funds were used to fund Veterans Square, a n affordable housing development with supportive service for people who are Veterans and unhoused. The funds were also used to assist in the development of Gonzalves Village, a six-unit affordable housing project that houses moderate to very low-income individuals, some of whom were homeless.
The City also applies for grants such as the Permanent Local Housing Allocation grant funding to fund homeless efforts and increase the affordable rental stock. Finally, the City of Pittsburg is the only city in Contra Costa County that also has a Housing Authority, which provides assistance to approximately 1,100 Housing Choice Voucher (also known as Section 8) low-income participants.
Finding No. 10. Measure X housing funds are not fully dedicated to building AH for very low- and low-income residents.
Agree with the finding.
Finding No. 11. Local funding provided by bonds like Measure X Housing Fund is a critical component of a developer’s overall ability to raise funds for an AH development.
Partially d isagree with the finding . While local funding provided by bonds like Measure X Housing Fund in Contra Costa County can be a beneficial component, it is not a critical factor in a developer's overall ability to raise funds for an affordable housing development. As we understand it, developers often require multiple sources of funding, including federal and state grants, tax credits, private investments, and partnerships with nonprofit organizations. While local funding can certainly enhance a project's financial viability and facilitate its development, affordable housing projects cannot move forward successfully without a combination of various funding sources and partnerships that fill the funding g ap between market rate and affordable housing rate. The critical aspect lies in the ability of developers to strategically leverage and combine these funding options to meet the financial requirements of the project and ensure its economic feasibility.
Finding No. 12. Cities that proactively engage citizens, address zoning obstacles, make reasonable zoning concessions, work collaboratively with developers, provide local funding support, and are united in addressing NIMBY opposition, have been successful in attracting AH projects.
Agree with the finding.
Finding No. 13. The latest RHNA targets for cities and unincorporated Contra Costa County show a significant increase in the number of units that are expected to be permitted for very low and low-income housing.
Agree with the finding.
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4 Civil Grand Jury Recommendations
Recommendation No. 1. Each city and the County should consider assigning a staff position with clear leadership, ownership and accountability to achieve allocated RHNA targets. The individual in this position would be responsible for establishing and promoting an operational plan to achieve the RHNA set forth in the housing element plan.
The recommendation has been implemented. The City of Pittsburg has dedicated staff in the Community Development Department and Community Services Department that report annually to HCD on the progress of achieving RHNA targets. The City of Pittsburg has achieved success in achieving the allocate d number of units required under its RHNA. Because of the City of Pittsburg’s dedication and hard work towards achieving the allocated number of units required under its RHNA it has received an overall grade of B+ for the 5th Cycle RHNA.
Recommendation N o. 2. Each city and the County should report AH progress and lack of progress using data across all four measured income groups. Special attention should be paid to tracking the housing needs of residents categorized as very low- and low-income. Cities and the County should communicate their progress, bi -annually, against RHNA targets at council and supervisor meetings.
The recommendation has been implemented. Government Code Section 65400 requires each jurisdiction (city council or board of supervisors) to prepare an annual progress report (APR) on the jurisdiction’s status and progress in implementing its housing eleme nt. State law further requires the planning agency to provide this report to the legislative body (i.e., local Council or Board), as well as HCD and OPR, by April 1 of each year (covering the previous calendar year).
APRs must be presented to the local legislative body for its review and acceptance . The City of Pittsburg has complied with the requirements.
.
Recommendation No. 3. Each city and the County should consider creating a dedicated AH commission comprised of a multi -disciplinary team of diverse citizens and led by a current, nonelected, city expert in planning. Each commission would be charged with pro viding a community voice in the process and helping to identify and address obstacles that hinder the development of affordable housing projects in their community.
The recommendation will not be implemented. We appreciate the thoughtful recommendation to create a dedicated Affordable Housing (AH) commission comprised of a multi-disciplinary team of diverse citizens, led by a current, non-elected, city expert in planning.
While the City of Pittsburg acknowledges the potential benefits of such a commission, after careful consideration this will not be implemented because it is not warranted. The City of Pittsburg has its own Housing Authority, with a governing board comprised of councilmembers plus tenants.
The Board provides policy direction on addressing the needs of low-income residents, and hears public comments. The City also has a Community Advisory Commission that may address affordable housing.
167
5 Recommendation No. 4. Each city and the County should consider reviewing existing processes and identifying changes that would address or resolve the specific obstacles identified in this report that hinder achieving RHNA allocation targets for very low- and low-income housing in their community.
The recommendation has been implemented. The City of Pittsburg has processes in place and programs to address any potential constraints to development through our Housing Element’s Constraints and Zoning Analysis Section. The City conducted a thorough review of existing processes related to affordable housing development, permitting, and zoning regulations during our recent Housing Element update. This review aimed to identify any inefficiencies or barriers , or in other words, constraints, that may have posed challenges in meeting RHNA numbers.
Recommendation No. 5. Each city and the County should consider developing a public dashboard to report progress against RHNA targets.
The recommendation has been implemented. Each jurisdiction ( City Council or Board of Supervisors) must prepare an annual progress report (APR) on the jurisdiction’s status and progress in implementing its housing element using forms and definitions adopted by the California Department of Housing and Community Development (HCD), pursuant to state law at Government Code Sectio n 65400. Each jurisdiction’s APR must be submitted to HCD and the OPR by April 1 of each year covering the previous calendar year.
In addition, all jurisdictions are subject to Government Code Section 65863 ( also known as the No Net Loss Law), which was amended in 2017 by SB 166, and requires jurisdictions to maintain adequate sites to accommodate remaining unmet RHNA at each income level throughout the life of an adopted Housing Element. The No Net Loss Law restricts cities and counties from approving a housing project at a lower density, or with fewer units than identified in the Housing Element unless a corresponding number of units are accommodated and identified elsewhere in the cities or county. To assist with the monitoring, cities and the County are developing standard language to include in staff reports when housing projects come forward to decisionmakers for approval and are exploring a No Net Loss tool to help monitor RHNA progress.
Recommendation No. 6. Each city and the County should consider, in their individual Housing Element plans, putting forth land zoned suitable for residential use, without development obstacles, and located strategically close to existing services, for AH purposes.
The recommendation has been implemented. The City of Pittsburg has fulfilled all the requirements under state law to prepare a site inventory list identifying land suitable and available for residential development to meet the regional housing need s by income level. Further, in addressing HCD’s Affirmatively Furthering Fair Housing (AFFH) requirements there has been a thorough review of the site selection in the City’s Housing Element, and a resources map that designated these areas has been provided.
Recommendation No. 7. Each city and the County should consider reviewing their zoning policies to identify restrictive zoning policies unique to their jurisdiction that impede AH projects and consider making zoning changes in light of that review that will support AH in their community. 168
6 The recommendation has been implemented. The recent update to the City of Pittsburg Housing Element, included a review of Pittsburg zoning policies to identify potential affordable housing development constraints. The Housing Element include s a program that requires periodic review of the Development Title in the Pittsburg Municipal Code to ensure consistency with state laws. The City of Pittsburg zoning requirements facilitate the development of very low- and low-income housing projects. The City of Pittsburg requires nearly all residential development projects to provide affordable housing or fund affordable housing and offers density bonuses or reduced fees for qualifying projects.
Recommendation No. 8. Cities should consider adopting an inclusionary housing ordinance as part of their standard development policy by the end of 2023 (if not already in place).
The recommendation has been implemented. The City of Pittsburg has an adopted ordinance. See Pittsburg Municipal Code Chapter 18.86 at the following link:
https://www.codepublishing.com/CA/Pittsburg/#!/Pittsburg18/Pittsburg1886.html#18.86
Recommendation No. 9. Each city and the County should consider how to prioritize the implementation of housing projects that promote development of very low - and low -income housing.
The recommendation has been implemented. The City of Pittsburg complies with the California Permit Streamlining Act, which requires cities and counties to process all development projects in the sequence they are received. The City of Pittsburg has implemented incentives and expedited permitting processes for certain categories of housing type or tenure , including affordable housing projects . The Atchison a 202-unit multi-family apartment complex is a 100 percent affordable housing residential development project for low and very low-income residents, which was recently completed and is slated for occupancy this year.
Recommendation No. 10. Each city and the County should consider prioritizing Measure X funding requests that support projects that address RHNA targets for very low - and low-income residents. Each city and County should consider reporting regularly to their residents on the use of Measure X funds for such purposes.
The recommendation will not be implemented. Measure X is a County initiative , and is a countywide 20 -year, ½ cent sales tax approved by Contra Costa County voters . Under the Measure X Program Allocation Summary, only $10 million (about 13% of FY 2022-23 funding and about 4.5% of total funding) were allocated to a Local Housing Trust Fund; for FY 2023 -24, $12 million were allocated. The recommendation will not be implemented because it is not reasonable.
The Measure X Housing Funds are to be dispersed by the Department of Conservation and Development (DCD) and the Health Services’ Health, Housing and Homeless (HSD-H3) Services and the Housing Authority of the County of Contra Costa. The use of Measure X funds for housing are reported by the County here: https://www.contracosta.ca.gov/8530/Measure-X
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BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Approving the Response to the )
Contra Costa County Civil Grand Jury ) RESOLUTION NO. 23- Report No. 2306 – Affordable Housing: )
“A Plan Without A Home” )
WHEREAS, the Fiscal Year 2022-2023 Contra Costa Civil Grand Jury issued Report No. 2306 Affordable Housing: “A Plan Without A Home” on June 14, 2023, addressing affordable housing and the Regional Housing Needs Allocation established by the State for Contra Costa County and the cities within the County; and WHEREAS, State Law at California Penal Code Section 933(c) requires that when a Civil Grand Jury submits a final report on the operations of any public agency, the governing body of the public agency must comment on findings and recommendations within 90 days; and
WHEREAS, staff has reviewed Report No. 2306 and prepared a response in compliance with California Penal Code Section 933.05, which requires the public agency to agree, or disagree in whole or part with an explanation of the reasons, to each finding, and as to each recommendation, report that the recommendation 1) has been implemented and include a summary, 2) will be implemented in a specified timeframe, 3) requires further analysis with a scope and timeframe, or 4) will not be implemented because it is not warranted or not reasonable, with an explanation.
NOW, THEREFORE, BE IT RESOLVED that the City Council approves the attached response to Report No. 2306.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21st day of August 2023, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
Shanelle Scales-Preston, Mayor
ATTEST:
Alice E. Evenson, City Clerk
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Combined Agency/City Council Minutes Page 1 of 5 August 07, 2023
CITY OF PITTSBURG
CITY COUNCIL/AGENCY CONCURRENT MEETING MINUTES
DATE: August 07, 2023
LOCATION: Council Chamber, City Hall, 65 Civic Avenue, Pittsburg, CA 94565
CITY COUNCIL/AGENCY MEMBERS
Shanelle Scales-Preston, Mayor/Chair
Juan Antonio Banales, Vice-Mayor/Chair
Jelani Killings, Council/Agency Member
Dionne Adams, Council/Agency Member
Angelica Lopez, 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)
Mayor Scales-Preston called the regular meeting to order at 7:14 P.M. in the Council Chamber at City Hall, 65 Civic Avenue Pittsburg, CA. after convening at 6:00 P.M. in Closed Session for the following items:
1. CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION Initiation of litigation pursuant to Section 54956.9(d)(4) Number of cases: two
City Attorney Mooney stated that the City Council provided direction to staff.
ROLL CALL
Council Member Adams was absent and excused.
PLEDGE OF ALLEGIANCE
Chief Addington led the Pledge of Allegiance.
PRESENTATION
2. New Employee Introductions
3. Presentation by Healthy Hearts Institute
4. Presentation by the Chamber of Commerce
City Manager Evans stated this presentation would be pulled from the agenda and brought back at a later date.
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Combined Agency/City Council Minutes Page 2 of 5 August 07, 2023
PROCLAMATIONS
5. In Memory of Dr. Carol Conner, Founder of White Pony Express
CITY MANAGER REPORTS/REMARKS
Assistant City Manager Aliotti gave an update on upcoming City events and noted that City Council and Commission meetings will be held at the Marina Center, 340 Marina Blvd, Pittsburg, CA from August 28, 2023, through September 29, 2023.
City Manager Evans thanked everyone in attendance and stated that City staff could not comment on Pittsburg Arts and Community Foundation (PACF), as it was not on the agenda.
PUBLIC COMMENTS
Comments in support of the Pittsburg Arts and Community Foundation were received from:
Jamersina Preston
Janet Quinn-Dennis
Nancy Parent
Ceilia Stone
Siu Ling
Veronica Maya
Rocio A. Palomino
Dennisha Marsh
Pittsburg Entertainment
Jessika Gillespie
Edgar S. Tumbaga
Robert LaCome, Pittsburg, asked for a park or street renaming in honor of Pete Escovedo.
Mousaab Atassi, Pittsburg, noted the Bay Walk Project developer has agreed to meet with the Unions.
Devin Williams, Antioch, on behalf of Alliance of Californians for Community Empowerment Action (ACCE), and residents of Pittsburg commented on rent stabilization and tenant antiharassment rights. Comments in support of tenant rights were also received from:
Essence Spencer
Nicole Arrington
Christian Copeland
Sylvester Henderson
Angela Henderson
Melaine Venenciano, Director of Records and Council Services, read sixteen (16) speaker cards into the record. These were in support of Pittsburg Arts and Community Foundation (PACF).
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Combined Agency/City Council Minutes Page 3 of 5 August 07, 2023
COMMITTEE REPORTS
Member Killings attended the Government Performance Ad-hoc committee meeting.
Vice Mayor Banales attended the Finance committee meeting.
PUBLIC HEARING
6. Adoption of a City Council Resolution Approving an Update to the Habitat Conservation Plan/Natural Community Conservation Plan (HCP/NCCP) Mitigation Fees
On Motion by Vice Mayor Banales, seconded by Member Killings and adopted by the following vote:
AYES: Banales, Killings, Lopez, Scales-Preston
ABSENT: Adams
CONSIDERATION
7. Adoption of a City Council Resolution Supporting House of Representatives Concurrent Resolution 16 - Efforts to Exonerate the Port Chicago 50
On Motion by Mayor Scales-Preston, seconded by Vice Mayor Banales and adopted by the following vote:
AYES: Banales, Killings, Lopez, Scales-Preston
ABSENT: Adams
8. Adoption of City Council Resolution Authorizing the Purchase of Deferred Replacement Vehicles and Equipment from FY 2022/23 and Budgeted for FY 2023/24.
On Motion by Vice Mayor Banales, seconded by Member Lopez and adopted by the following vote:
AYES: Banales, Killings, Lopez, Scales-Preston
ABSENT: Adams
CONFLICT OF INTEREST STATEMENT
There were no conflict of interest statements.
COMBINED CITY COUNCIL, PITTSBURG ARTS AND COMMUNITY FOUNDATION,
PITTSBURG POWER COMPANY, SOUTHWEST PITTSBURG GHAD II AND SUCCESSOR
AGENCY CONSENT CALENDAR
On Motion by Member Killings, seconded by Vice Mayor Banales and adopted by the following vote:
AYES: Banales, Killings, Lopez, Scales-Preston
ABSENT: Adams
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Combined Agency/City Council Minutes Page 4 of 5 August 07, 2023
9. Minutes of July 17, 2023
10. Adoption of a Minute Order to Approve a City Council Recess for Labor Day Holiday
11. Adoption of a Minute Order to Select Appointments for Vacancies on the Measure M/P Citizens Oversight Committee
12. Adoption of a Minute Order Authorizing a Letter of Support for ABAG's Regional Technology and Innovation Hub Program Proposal
13. Adoption of a City Council Resolution to Modify Overtime Pay and Amend the IBEW Agreement
14. Adoption of a City Council Resolution Authorizing the City Manager to Execute a Contract with Chemtrade Chemicals US LLC for the Water Treatment Chemical Supply – Aluminum Sulfate
15. Adoption of a City Council Resolution Accepting the Adjusted Budget Summary for Project 1200 California Theatre Balcony Renovation
16. Adoption of a City Council Resolution Awarding a Purchase Contract to JAM Services for Project 1752 Streetlight LED Replacement
17. Adoption of a City Council Resolution Authorizing the Application for a Land and Water Conservation Fund Funding for the Pittsburg Premier Fields Project
18. Adoption of a City Council Resolution Authorizing the City Manager to Execute a Lease Agreement with Contra Costa County Department of Information Technology
19. Adoption of a City Council Resolution Accepting Project 2039, Manville Avenue Speed Humps as Complete and Authorize the City Engineer to File a Notice of Completion
COUNCIL REQUEST FOR FUTURE AGENDA ITEMS
There were no requests for future agenda items.
COUNCIL MEMBER REMARKS
Mayor Scales-Preston attended the Sprouts groundbreaking, as well as went on a facility tour of the RYSE youth center in Richmond with Member Killings and staff. She Congratulated the Chief and Pittsburg Police Department for a successful National Night Out event.
ADJOURNMENT
The meeting was adjourned at 09:19 P.M. to August 21, 2023.
Respectfully submitted,
Alice E. Evenson, City Clerk
174
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 June 30, 2023
MEETING DATE: August 21, 2023
EXECUTIVE SUMMARY
Attached is the Treasurer’s Report for the fiscal quarter ending June 30, 2023. 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
The City’s expenditure requirements for the next six months are covered by anticipated revenues from City operations and liquidity from maturing investments. The difference between market value and cost as of June 30, 2023, will be reflected in the City’s financial statements for Fiscal Year 2022-23 as an adjustment to interest income for each of the City’s funds on a pro rata basis as required by Governmental Accounting Standards Board Statement Number 31. Due to the ongoing rise in interest rates available in the capital markets, the value for existing holdings has fallen on paper and will not be realized. This drop in value had increased as inflationary pressure have continued to move rates higher.
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.
RECOMMENDATION
City Council accept the Treasurer’s Report for the quarter ending June 30, 2023, 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.
175
SUBCOMMITTEE FINDINGS
This item was not reviewed by a subcommittee.
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 -0.12%, comparing to the City performance benchmark of -0.56%, 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 1.25%, which slightly overperformed the benchmark return of 0.97% for the same period. Total returns for the quarter and since inception reflect fluctuations in market value. 176
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.
Attached is the Chandler Asset Management (CAM) Investment Report detailing an economic update, account profile and investment activity for the quarter ending June 30, 2023.
ATTACHMENTS: Letter from City Treasurer
Investment Report by Chandler Asset Management
Report Prepared By: Christina Nguyen, Accountant II
Report Reviewed By: Laura Mendez, Finance Manager of Reporting 177
178
CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com
INVESTMENT REPORT
Period Ending June 30, 2023
City of Pittsburg
179
SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Consolidated Information
SECTION 4 Portfolio Holdings
SECTION 5 Transactions
Table of Contents As of June 30, 2023
1 180
SECTION |
Section 1 |
Economic Update
2 181
Economic Update
Recent economic data continues to suggest positive but below trend growth this year. Although the pace of job growth is moderating, labor markets remain solid, and the U.S. consumer has demonstrated resiliency. Inflationary trends are subsiding, but core levels remain well above the Fed’s target. Given the cumulative effects of restrictive monetarypolicy and tighter financial conditions, we believe the economy will gradually soften and the Fed will remain data dependent as they tread cautiously going forward.
As anticipated at the July meeting, the Federal Open Market Committee voted unanimously to raise the Federal Funds rate by 0.25% to a target range of 5.25 - 5.50%, the highest level in over 20 years. Fed Chair Powell maintained that the FOMC will remain data dependent going forward, and that they do not anticipate a recession, leaving the option open forthe possibility of additional rate hikes in the future if needed.
The yield curve remained inverted in June. The 2-year Treasury yield surged 50 basis points to 4.90%, the 5-year Treasury yield rose 40 basis points to 4.16%, and the 10-year Treasury yield increased 19 basis points to 3.84%. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -106 basis points at June month-endversus -76 basis points at May month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was +6 basis points. The inversion between 3-month and 10-year Treasuries narrowedto -146 basis points in June from -176 basis points in May. The shape of the yield curve indicates that the probability of recession is increasing.
3 182
Employment
-400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3 month average (000's)
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added 209,000 jobs in June, falling short of consensus expectations, and the last two months were revised downward by 110,000 jobs. Although decelerating, the pace of job growth remains healthy with the three-monthmoving average payrolls at 244,000 and the six-month moving average at 278,000. The unemployment rate declined to 3.6% in June from 3.7% in May, while the labor force participation rate remained at 62.6%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons, increased to 6.9% from the prior month at 6.7%. Average hourly earnings remained at 4.4% year-over-year in June, unchanged from an upwardly revised 4.4% increase in May. While the longer-term trendof hiring is slowing, levels remain consistent with a solid labor market.
Source: US Department of Labor Source: US Department of Labor 4 183
Job Openings & Labor Turnover Survey
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
The numberof job openings declined to 9.824 million in May after an upward revision to 10.320 million in April. The drop was widespread but particularly steep in healthcare and social assistance. Hiring increased over the month, along with both separations and quits. The level of job openings indicates strong resilience in labor demand.
Source: US Department of Labor
5 184
Inflation
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Cor e Deflator Y OY % Change
Fed Target
YOY (%) Change
The Consumer Price Index (CPI) increased in June by 0.2% month-over-monthand 3.0% year-over-year, down from 4.0% in May. The Core CPI, which excludes volatile food and energy components, was up 0.2% month-over-month and 4.8% year-over-year, decelerating modestly from 5.3% in May. The Personal Consumption Expenditures(PCE) index rose 3.0% year-over-year in June, down from a 3.8% gain in May. Core PCE, the Federal Reserve’s preferred inflation gauge, increased 4.1% year-over-year in June, down from a 4.6% increase in May. Core inflation is decelerating but remains above the Fed's 2% target.
Source: US Department of Labor Source: US Department of Commerce 6 185
Consumer
-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
Advance Retail Sales rose 0.2% month-over-monthin June, modestly below expectations. On a year-over-year basis, retail sales growth moderated to a 1.5% year-over-year gain in June versus an upwardly revised 2.0% increase in May. The Conference Board’s Consumer Confidence Index surged to a better than expected 117.0 in July from an upwardly revised 110.1 in June. Both current conditions and future expectations gained strength.
80 90
100
110
120
130
140
Index Level
Consumer Confidence
Source: US Department of Commerce Source: The Conference Board 7 186
Leading Indicators of Economic Activity
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25
0.00 0.25
0.50 0.75
1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) remained in negative territoryfor the fifteenth consecutive month at -0.7% and was down 7.8% year-over-year in June. The consistent decline month-over-monthcontinues to signal future contraction in the economy. The Chicago Fed National Activity Index (CFNAI) fell to -0.32 in June from a revised -0.28 in May. On a 3-month moving average basis, the CFNAI remained negative at -0.16 in June, indicating a rate of growth below the historical average trend.
Source: The Conference Board Source: Federal Reserve Bank of Chicago 8 187
Housing
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Total housing starts fell 8.0% month-over-monthin June to 1,434,000 units from a downwardly revised 1,559,000 units in May and were down 8.1% compared to June 2022. Both single-family and multi-family construction declined. The 30-year fixed rate mortgage stabilized at an average of approximately 6.7% at June month-end according to Freddie Mac. According to the Case-Shiller 20-City Home Price Index, housing prices dropped 1.7% year-over-year in May, unchanged from April. Tight inventories and higher mortgage rates continue to impact affordability.
Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change
9 188
Survey Based Measures
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services
EXPANDING
CONTRACTING
The Institute for Supply Management (ISM) manufacturing index fell to 46.0 in June from 46.9 in May. This is the eighth consecutive month of readings below 50.0, which is indicative of contraction in the manufacturing sector. The Institute for Supply Management (ISM) services index rose to 53.90 in June from 50.30 in May, as new orders increased, employment rebounded, and inflation moderated. The June data reflects continued strength in the services sector.
Source: Institute for Supply Management
10 189
Gross Domestic Product (GDP)
Components of GDP 9/22 12/22 3/23 6/23
1.5% 0.7% 2.8% 1.1%
-1.8% 0.8% -2.2% 1.0%
2.9% 0.4% 0.6% -0.1%
0.2% 0.4% 0.4% 0.1%
0.4% 0.3% 0.5% 0.4%
3.3% 2.6% 2.0% 2.4%
State and Local (Consumption and
Gross Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce According to the advance estimate, second quarter GDP growth exceeded expectations at an annualized rate of 2.4%, following 2.0% growth in the first quarter. Consumer spending on goods and services and business outlays for equipmentwere major drivers of growth.
The consensus estimate calls for just 0.5% growth for the third quarter and 1.5% for the full year 2023. 11 190
Federal Reserve
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
R ec ession
In $ millions
As anticipated at the July meeting, the Federal Open Market Committee voted unanimously to raise the Federal Funds rate by 0.25% to a target range of 5.25 - 5.50%, the highest level in over 20 years. Fed Chair Powell maintained that the FOMC will remain data dependent going forward, and that they do not anticipate a recession, leaving the option open forthe possibility of additional rate hikes in the future if needed. The Fed continued to focus on achieving price stability and bringing inflation down toward their 2% policy objective. We believe the resiliency of future economic data will determine if the Federal Reserve can stay on hold for a period of time or will tighten policy further to curb inflation.
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
Effective Federal Funds Rate
R ec ession
Yield (%)
12 191
Bond Yields
Source: Bloomberg Source: Bloomberg
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Yield Curve
Jun-23
Mar-23
Jun-22
Yield (%)
At the end of June, the 2-year Treasury yield was 194 basis points higher, and the 10-Year Treasury yield was about 82 basis points higher, year-over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -106 basis points at June month-end versus -76 basis points at May month-end. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-monthand 10-year Treasuries narrowed to -146 basis points in June from -176 basis points in May. The shape of the yield curve indicates that the probability of recession is increasing. 13 192
Section 2|SECTION |
Section 2 |
Account Profile
14 193
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 June 30, 2023
15 194
Compliance As of June 30, 2023
Category Standard Comment
U.S. Treasuri es No Limitation; Full faith and credit of the U.S. are pledged for the payment of principal and interest Complies Federal Agenci es
30% max per Agency/GSE i ssuer; 20% max agency cal l abl e securi ti es; Federal agency or U.S. government-sponsored enterpri se obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agenci es or U.S. government-sponsored enterpri ses.
Complies
Supranational Obligations "AA" rating category or better by a NRSRO; 30% max; 10% max per issuer; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by IBRD, IFC, IADB Complies Municipal Securities (CA, Other States)
"A" rating category or better by a NRSRO; 30% max; 5% max per issuer; Obligations of the City, State of California and any local agency within the state; Bonds of any of the other 49 states in addition to California; Including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, in addition to California.
Complies
Corporate Medi um Term Notes "A" rating category or better by a NRSRO; 30% max; 5% max per issuer; Issuer is a corporation 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, Mortgage-Backed,
Mortgage Pass-Through Securities,
Collate ralize d Mortgage Obligations
"AA" rati ng category or better by a NRSRO; 20% max (combi ned ABS/MBS/CMO); 5% max per Asset-Backed or Commerci al Mortgage security issuer; From issuers not defined in US Treasury and Federal Agencies of the Eligible Investments section of the policy
Complies
Negoti abl e Certi fi cates of Deposi t
(NCD)
The amount of NCD insured up to the FDIC limit does not require any credit ratings; Any amount above FDIC insured limit must be issued by institutions with "A-1" short-term debt rating or higher by a NRSRO; or "A" long-term rating category or higher by a NRSRO; 30% max; 5% max per issuer; Issued by a nationally or state-chartered bank, or a federal or state association, a state or federal credit union, or by a federally-licensed or state-licensed branch of a foreign bank.
Complies
Ti me Deposi ts (Non-negoti abl e &
Collate ralize d CD/TD)
"A" rated or one of the three highest rating categories by a NRSRO; 30% max; 5% max per issuer; 1 year max maturity; Non- ne gotiable tim e de posits that are FDIC insure d or fully collate ralize d in financial institutions locate d in California, including US branches of foreign banks licensed to do business in California Complies
Banker’s Acceptances "A-1" rated or highest short-term rating category by a NRSRO; 40% max; 5% max per issuer; 180 days max maturity Complies Commerci al Paper
"A-1" short-term ratings or higher by a NRSRO; "A" long-term rating category or higher by a NRSRO, if any; 25% max; Under a provision sunsetting on January 1, 2026, no more than 40% of the portfolio may be invested in Commercial Paper if the City’s investment assets under management are greater than $100 million; 5% max per issuer; 270 days max maturity; 10% max of the outstanding commercial paper of any single issuer; Issued by an entity that meets all the following conditions in either (1) or (2): 1. (a) organized and operating in the U.S. as a general corporation (b) has assets > $500 million; (c) "A" rating category or higher by a NRSRO, if any debt 2. (a) organized within the U.S. as a special purpose corporation, trust, or limited liability company; (b) has program-wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond; (c) "A-1" rating category or higher by a NRSRO.
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. 16 195
Compliance As of June 30, 2023
Category Standard Comment
Money Market Mutual Funds
Registered with SEC under Investment Company Act of 1940; issued by diversified management companies and meet either of the following crite ria: (i) Highe st rating by two N RSROs; or (ii) Re taine d an inve stm e nt advise r re giste re d or e xe m pt from SEC registration with > 5 years experience managing money market mutual funds with AUM >$500 million; 20% max Money Market Funds; 10% max per Fund
Complies
Local Agency Investment Fund (LAIF) Maximum amount permitted by LAIF; Not used by investment adviser Complies California Asset Management Program
(CAMP)
Shares of beneficial interest issued by a joint powers authority pursuant to California Government Code; Not used by investment advi ser Complies
Repurchase Agreements
Primary government securities dealers rated in one of the three highest categories by two NRSROs; Counterparties should also have : i) short-te rm rating in the highe st cate gory; ii) $25 billion m inim um asse ts and $350 m illion in capital size ; iii) 5 ye ars audited financial results; iv) strong reputation; 15% max; 5% max per issuer; 90 days max maturity; 102% collateralized with U.S. Treasury or Federal Agency securi ti es; Not used by i nvestment advi ser Complies
Prohibited
Investments not described in the policy, including but not limited to: Common stocks, Futures contracts, Options, Inverse floaters, Range notes, Mortgage derived Interest-only strips, or any security that could result in zero interest accrual securities if held to maturity; Purchase of any security not listed in Section 8-Eligible Investments of the Investment Policy, unless approved by the City Council
Complies
Max Per Issuer 5% of portfolio per issuer unless otherwise specified in the policy Complies Maxi mum Maturi ty 5 years, except as otherwi se stated i n the pol i cy 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. 17 196
Account Structure As of June 30, 2023
*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 17,241,737.11 17,241,737.11 6.42% Investment Pools 55,000,000.00 54,165,567.43 20.16% Additional Bonded Debt Funds 91,537,201.71 91,554,495.12 34.07% Total 163,778,938.82 162,961,799.66 60.65%
Funds Managed by City's Investment Advisor
Operating Funds 98,097,826.41 96,030,922.70 35.74% Bond Managed Reserve 6,762,805.48 6,762,805.48 2.52% Total 104,860,631.89 102,793,728.18 38.26%
City's Section 115 Trust
Section 115 Trust 2,985,340.10 2,946,492.69 1.10% Total 2,985,340.10 2,946,492.69 1.10%
Total City Funds 271,624,910.81 268,702,020.53 100.00% 18 197
Sector Allocation As of June 30, 2023
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 Equivalents1 17,241,737.11 17,241,737.11 10.30% 1 N/A Money Market Funds 1,144,899.33 1,144,899.33 0.68% 1 4.66% Investment Pools2 55,000,000.00 54,165,567.43 32.35% 1 N/A Total Liquidity 73,386,636.44 72,552,203.87 43.33% 1 4.66% U.S. Treasury Notes 39,441,603.56 38,715,919.05 23.12% 201 3.25% Federal Agency Securities 23,819,973.98 23,424,774.74 13.99% 387 1.90% Negotiable Certificates of Deposit 2,998,759.61 2,991,593.00 1.79% 172 4.97% Medium-Term Corporate Notes 15,310,951.60 14,657,907.57 8.75% 566 1.96% Asset-Backed Securities 4,648,147.35 4,537,359.77 2.71% 1091 2.49% Commercial Paper 1,926,885.00 1,996,228.20 1.19% 15 5.45% Supranationals 2,621,023.95 2,484,263.43 1.48% 285 0.36% Collateralized Mortgage Obligations 6,185,582.03 6,077,977.61 3.63% 1329 4.29% Total Securities 96,952,927.08 94,886,023.37 56.67% 415 2.77% Total Operating Funds 170,339,563.52 167,438,227.24 100.00% 236 1.60% Bonded Debt Funds
Pittsburg Pension Bond 5,636,890.71 5,636,890.71 5.73% 1 4.97% Pittsburg AD Auto Mall 340,616.19 340,616.19 0.35% 1 4.97% Pittsburg AD Vista DM 785,298.58 785,298.58 0.80% 1 4.97% Additional Bonded Debt Funds3 91,537,201.71 91,554,495.12 93.12% N/A N/A Total Bonded Debt Funds 98,300,007.19 98,317,300.60 100.00% 1 4.97% Section 115 Trust
Equity Mutual Fund2 2,985,340.10 2,946,492.69 100.00% N/A N/A Total Section 115 Trust Funds 2,985,340.10 2,946,492.69 100.00% N/A N/A Total City Funds 271,624,910.81 268,702,020.53
19 198
Portfolio Characteristics
City of Pittsburg Managed Consolidated
06/30/23
Portfolio
03/31/23
Portfolio
Average Maturity (yrs) 1.49 1.41
Modified Duration 1.31 1.24
Average Purchase Yield 2.79% 1.96%
Average Market Yield 5.10% 4.57%
Average Quality* AA+/Aa1 AA+/Aa1
Total Market Value** 96,030,923 75,991,790
*Portfolio is S&P and Moody’s, respectively.
**Excludes accrued interest
As of June 30, 2023
20 199
Purchase Yield as of 06/30/23 = 2.18%
0.00 0.50
1.00 1.50
2.00 2.50
Percent (%)
Historical Average Purchase Yield
City of Pittsburg
As of June 30, 2023
21 200
Portfolio Characteristics
City of Pittsburg Bond Reserve Consolidated
06/30/23
Portfolio
03/31/23
Portfolio
Average Maturity (yrs) 0.00 0.17
Modified Duration 0.00 0.16
Average Purchase Yield 4.97% 4.76%
Average Market Yield 4.97% 4.76%
Average Quality* AAA/Aaa AAA/Aaa
Total Market Value** 6,762,805 3,535,131
*Portfolio is S&P and Moody’s, respectively.
**Excludes accrued interest
As of June 30, 2023
22 201
SECTION |
Section 3 |
Consolidated Information
23 202
City of Pittsburg Total Consolidated
Sector Distribution
ABS
1.7%
Agency
8.7%
Cash
40.4%
CMO
2.3%
Commercial
Paper
0.7%
Corporate
5.5%
Equity Mutual
Fund
1.1%
Investment Pool
20.1%
Money Market
Fund
2.9%
Negotiable CD
1.1%
Supranational
0.9%
US Treasury
14.4%
June 30, 2023 March 31, 2023
ABS
1.7% Agency
10.0%
Cash
35.9%
CMO
1.1%Commercial
Paper
0.8%
Corporate
5.5%
Equity Mutual
Fund
1.0%
Investment Pool
30.3%
Money Market
Fund
0.7%
Negotiable CD
1.3%
Supranational
1.0%
US Treasury
10.8%
As of June 30, 2023
24 203
Issue Name Investment Type S&P Rating Moody Rating % Portfolio City of Pittsburg Cash NR NR 40.44%
City of Pittsburg Investment Pool NR NR 20.13%
Government of United States US Treasury AA+ Aaa 9.85%
Government of United States US Treasury A-1+ P-1 4.57%
Wells Fargo Adv Tsy Plus Money Market Fund Money Market Fund AAA Aaa 2.51% Federal Home Loan Bank Agency AA+ Aaa 2.23%
Federal Farm Credit Bank Agency AA+ Aaa 2.17%
Federal Home Loan Mortgage Corp Agency AA+ Aaa 1.88%
Federal Home Loan Mortgage Corp CMO NR NR 1.30%
Federal National Mortgage Association Agency AA+ Aaa 1.27% City of Pittsburg PARS 115 Trust Equity Mutual Fund NR NR 1.10% Westpac Banking Corp NY Negotiable CD A-1+ P-1 0.76%
Federal Home Loan Bank Agency A-1+ P-1 0.74%
Federal Home Loan Mortgage Corp CMO AAA NR 0.62%
Intl Bank Recon and Development Supranational AAA Aaa 0.61% MUFG Bank Ltd/NY Commercial Paper A-1 P-1 0.56%
Federal Home Loan Bank Agency NR Aaa 0.45%
Wells Fargo Advantage Govt Money Market Fund Money Market Fund AAA Aaa 0.43% Toronto Dominion Holdings Negotiable CD A-1+ P-1 0.38%
JP Morgan ABS ABS AAA NR 0.36%
JP Morgan Chase & Co Corporate A- A1 0.35%
Federal Home Loan Mortgage Corp CMO NR Aaa 0.35%
Deere & Company Corporate A A2 0.33%
Inter-American Dev Bank Supranational AAA Aaa 0.31%
Paccar Financial Corporate A+ A1 0.28%
Mass Mutual Insurance Corporate AA+ Aa3 0.27%
Toronto Dominion Holdings Corporate A A1 0.27%
Apple Inc Corporate AA+ Aaa 0.27%
Amazon.com Inc Corporate AA A1 0.27%
Bank of Montreal Chicago Corporate A- A2 0.27%
Honeywell Corp Corporate A A2 0.26%
Charles Schwab Corp/The Corporate A- A2 0.26%
Caterpillar Inc Corporate A A2 0.25%
Toyota Motor Corp Corporate A+ A1 0.23%
Northern Trust Corp Corporate A+ A2 0.22%
MasterCard Inc Corporate A+ Aa3 0.21%
Bank of America Corp Corporate A- A1 0.20%
John Deere ABS ABS NR Aaa 0.20%
Issuers
City of Pittsburg Total Consolidated – Account #10638
As of June 30, 2023
25 204
Issue Name Investment Type S&P Rating Moody Rating % Portfolio US Bancorp Corporate A A3 0.19%
Toyota Motor Corp Commercial Paper A-1+ P-1 0.19%
National Rural Utilities Corporate A- A1 0.19%
Bank of New York Corporate A A1 0.18%
American Express ABS ABS AAA NR 0.18%
Duke Energy Field Services Corporate A Aa3 0.18%
Home Depot Corporate A A2 0.18%
Royal Bank of Canada Corporate A A1 0.18%
Target Corp Corporate A A2 0.18%
Hyundai Auto Receivables ABS AAA NR 0.17%
GM Financial Automobile Leasing Trust ABS AAA NR 0.14%
Honda ABS ABS AAA NR 0.11%
United Health Group Inc Corporate A+ A3 0.09%
Honda ABS ABS NR Aaa 0.09%
Toyota ABS ABS AAA NR 0.08%
Toyota ABS ABS NR Aaa 0.07%
BMW ABS ABS AAA Aaa 0.07%
Mercedes-Benz Auto Lease Trust ABS AAA NR 0.07%
State Street Bank Corporate A A1 0.07%
GM Financial Securitized Term Auto Trust ABS NR Aaa 0.06% Wal-Mart Stores Corporate AA Aa2 0.06%
BMW Vehicle Lease Trust ABS AAA NR 0.06%
Salesforce.com Inc Corporate A+ A2 0.04%
BMW Vehicle Lease Trust ABS NR Aaa 0.03%
TOTAL 100%
Issuers
City of Pittsburg Total Consolidated – Account #10638
As of June 30, 2023
26 205
AAA AA A <A NR
06/30/23 12.4% 18.8% 4.6% 0.0% 64.2%
03/31/23 6.8% 19.4% 4.8% 0.0% 69.0%
Source: S&P Ratings
June 30, 2023 vs. March 31, 2023
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
AAA AA A <A NR
06/30/23 03/31/23
Quality Distribution
City of Pittsburg Total Consolidated
As of June 30, 2023
27 206
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%
80.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ June 30, 2023 March 31, 2023
June 30, 2023 vs. March 31, 2023
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 06/30/23 71.3% 7.2% 5.5% 6.6% 4.2% 4.0% 1.2% 0.0%
03/31/23 72.4% 6.2% 6.4% 8.2% 4.3% 2.1% 0.3% 0.0%
City of Pittsburg Total Consolidated
Duration Distribution As of June 30, 2023
28 207
SECTION |
Section 3 |
Portfolio Holdings
29 208
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
1,894.59 03/04/2020
1.11%
1,894.47
1,894.56
99.83 7.52%
1,891.29
0.93 0.00%
(3.27)
Aaa / NR
AAA
1.13 0.03
36262XAC8 GM Financial Auto Lease Trust 2021-3 A2
0.390% Due 10/21/2024
94,156.73 05/09/2022
2.83%
91,302.60
93,220.72
98.59 5.86%
92,832.32
11.22 0.03%
(388.40)
NR / AAA
AAA
1.31 0.25
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-B A3
0.400% Due 11/15/2024
184,815.42 06/22/2021
0.40%
184,801.47
184,812.45
98.41 6.13%
181,883.51
32.86 0.07%
(2,928.94)
NR / AAA
AAA
1.38 0.27
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3
0.330% Due 12/26/2024
78,548.84 09/08/2021
0.34%
78,540.73
78,547.11
98.70 6.39%
77,531.47
4.32 0.03%
(1,015.64)
Aaa / NR
AAA
1.49 0.21
89236XAC0 Toyota Auto Receivables 2020-D A3
0.350% Due 01/15/2025
47,033.22 10/06/2020
0.36%
47,024.45
47,030.04
98.94 6.01%
46,533.82
7.32 0.02%
(496.22)
NR / AAA
AAA
1.55 0.19
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3
1.100% Due 03/25/2025
151,161.41 01/11/2022
1.11%
151,138.81
151,153.80
98.29 5.84%
148,576.55
27.71 0.06%
(2,577.25)
NR / AAA
AAA
1.74 0.36
43813GAC5 Honda Auto Receivables Trust 2021-1 A3
0.270% Due 04/21/2025
56,605.00 02/17/2021
0.27%
56,603.95
56,604.75
97.65 6.18%
55,276.31
4.25 0.02%
(1,328.44)
Aaa / NR
AAA
1.81 0.39
89240BAC2 Toyota Auto Receivables Owners 2021-A A3
0.260% Due 05/15/2025
205,807.33 02/02/2021
0.27%
205,769.13
205,798.62
97.82 5.87%
201,315.38
23.78 0.07%
(4,483.24)
Aaa / NR
AAA
1.88 0.39
36266FAC3 GM Financial Auto Lease Trust 2022-2 A3
3.420% Due 06/20/2025
295,000.00 05/03/2022
3.45%
294,969.23
294,985.21
98.22 5.90%
289,760.80
308.28
0.11%
(5,224.41)
NR / AAA
AAA
1.98 0.72
47788UAC6 John Deere Owner Trust 2021-A A3
0.360% Due 09/15/2025
113,021.78 03/02/2021
0.37%
113,000.07
113,013.99
97.07 6.12%
109,713.41
18.08 0.04%
(3,300.58)
Aaa / NR
AAA
2.21 0.50
43815EAC8 Honda Auto Receivables 2021-3 A3
0.410% Due 11/18/2025
304,734.61 08/17/2021
0.41%
304,730.15
304,732.70
96.25 6.21%
293,297.30
45.12 0.11%
(11,435.40)
NR / AAA
AAA
2.39 0.65
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
184,980.22
95.98 5.92%
177,559.49
45.22 0.07%
(7,420.73)
Aaa / NR
AAA
2.56 0.80
47789QAC4 John Deere Owner Trust 2021-B A3
0.520% Due 03/16/2026
203,363.76 07/13/2021
0.52%
203,345.62
203,355.28
95.80 6.12%
194,819.84
47.00 0.07%
(8,535.44)
Aaa / NR
AAA
2.71 0.75
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
174,998.13
95.77 6.14%
167,591.03
55.22 0.06%
(7,407.10)
NR / AAA
AAA
2.79 0.78
44935FAD6 Hyundai Auto Receivables Trust 2021-C A3
0.740% Due 05/15/2026
344,000.00 07/27/2022
3.53%
328,614.06
334,368.85
96.07 5.87%
330,472.20
113.14
0.12%
(3,896.65)
NR / AAA
AAA
2.88 0.77
05602RAD3 BMW Vehicle Owner Trust 2022-A A3
3.210% Due 08/25/2026
195,000.00 05/10/2022
3.23%
194,989.86
194,993.52
97.22 5.76%
189,581.93
104.33
0.07%
(5,411.59)
Aaa / AAA
NR
3.16 1.10
47787JAC2 John Deere Owner Trust 2022-A A3
2.320% Due 09/16/2026
230,000.00 03/10/2022
2.34%
229,949.12
229,967.90
96.32 5.88%
221,543.59
237.16
0.08%
(8,424.31)
Aaa / NR
AAA
3.22 1.04
As of June 30, 2023
30 209
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
448977AD0 Hyundai Auto Receivables Trust 2022-A A3
2.220% Due 10/15/2026
136,000.00 05/02/2022
3.34%
132,685.00
133,917.20
95.98 5.78%
130,529.26
134.19
0.05%
(3,387.94)
NR / AAA
AAA
3.30 1.14
36265WAD5 GM Financial Securitized Auto 2022-3 A3
3.640% Due 04/16/2027
165,000.00 07/06/2022
3.67%
164,998.86
164,999.21
97.11 5.59%
160,230.18
250.25
0.06%
(4,769.03)
Aaa / NR
AAA
3.80 1.51
02582JJT8 American Express Credit Trust 2022-2 A
3.390% Due 05/17/2027
510,000.00 05/17/2022
3.42%
509,887.19
509,929.01
96.51 5.43%
492,180.09
768.40
0.18%
(17,748.92)
NR / AAA
AAA
3.88 1.75
161571HS6 Chase Issuance Trust 22-A1 A
3.970% Due 09/15/2027
1,000,000.00 05/11/2023
4.28%
993,945.31
994,278.14
97.42 5.27%
974,240.00
1,764.44
0.36%
(20,038.14)
NR / AAA
AAA
4.21 2.05
TOTAL ABS 4,676,142.69 2.49%
4,648,147.35
4,657,581.41 5.75%
4,537,359.77
4,003.22
1.69%
(120,221.64)
Aaa / AAA
AAA
2.99 1.12
Agency
3135G05G4 FNMA Note
0.250% Due 07/10/2023
910,000.00 07/08/2020
0.32%
908,043.50
909,983.92
99.91 3.51%
909,176.45
1,080.63
0.34%
(807.47)
Aaa / AA+
AAA
0.03 0.03
313384JQ3 FHLB Discount Note
3.270% Due 07/26/2023
2,000,000.00 08/25/2022
3.39%
1,939,323.33
1,995,458.33
99.77 3.39%
1,995,458.33
0.00 0.74%
0.00 P-1 / A-1+
F-1+
0.07 0.07
3133EKZK5 FFCB Note
1.600% Due 08/14/2023
1,000,000.00 08/09/2019
1.63%
998,710.00
999,961.15
99.55 5.30%
995,469.00
6,088.89
0.37%
(4,492.15)
Aaa / AA+
AAA
0.12 0.12
3133EL3V4 FFCB Note
0.200% Due 08/14/2023
1,000,000.00 08/12/2020
0.27%
997,910.00
999,916.02
99.42 4.98%
994,186.00
761.11
0.37%
(5,730.02)
Aaa / AA+
AAA
0.12 0.12
3137EAEV7 FHLMC Note
0.250% Due 08/24/2023
1,040,000.00 08/19/2020
0.28%
1,038,939.20
1,039,947.83
99.30 4.95%
1,032,721.04
917.22
0.38%
(7,226.79)
Aaa / AA+
AAA
0.15 0.15
3130ATB71 FHLB Note
3.625% Due 09/06/2023
1,200,000.00 09/27/2022
4.36%
1,192,035.60
1,198,435.15
99.63 5.58%
1,195,597.20
13,895.83
0.45%
(2,837.95)
Aaa / NR
NR
0.19 0.18
3130A3DL5 FHLB Note
2.375% Due 09/08/2023
1,000,000.00 08/29/2019
1.50%
1,033,950.00
1,001,593.57
99.42 5.42%
994,235.00
7,454.86
0.37%
(7,358.57)
Aaa / AA+
NR
0.19 0.19
3137EAEW5 FHLMC Note
0.250% Due 09/08/2023
1,210,000.00 Various
0.26%
1,209,535.70
1,209,970.77
99.09 5.10%
1,199,013.20
949.51
0.45%
(10,957.57)
Aaa / AA+
AAA
0.19 0.19
3133EMBS0 FFCB Note
0.200% Due 10/02/2023
1,000,000.00 09/28/2020
0.24%
998,810.00
999,898.93
98.69 5.39%
986,908.00
494.44
0.37%
(12,990.93)
Aaa / AA+
AAA
0.26 0.25
3137EAEY1 FHLMC Note
0.125% Due 10/16/2023
885,000.00 10/14/2020
0.25%
881,698.95
884,677.43
98.46 5.43%
871,394.90
230.47
0.32%
(13,282.53)
Aaa / AA+
AAA
0.30 0.29
3137EAEZ8 FHLMC Note
0.250% Due 11/06/2023
1,155,000.00 11/03/2020
0.28%
1,153,960.50
1,154,878.60
98.27 5.28%
1,135,025.43
441.15
0.42%
(19,853.17)
Aaa / AA+
AAA
0.35 0.34
3135G06H1 FNMA Note
0.250% Due 11/27/2023
1,020,000.00 11/23/2020
0.29%
1,018,837.20
1,019,842.06
97.95 5.37%
999,134.88
240.83
0.37%
(20,707.18)
Aaa / AA+
AAA
0.41 0.40
As of June 30, 2023
31 210
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
3137EAFA2 FHLMC Note
0.250% Due 12/04/2023
825,000.00 12/02/2020
0.28%
824,183.25
824,883.64
97.84 5.41%
807,182.48
154.69
0.30%
(17,701.16)
Aaa / AA+
AAA
0.43 0.42
3130A3VC5 FHLB Note
2.250% Due 12/08/2023
1,000,000.00 02/13/2020
1.46%
1,029,240.00
1,003,358.51
98.63 5.44%
986,283.00
1,437.50
0.37%
(17,075.51)
Aaa / AA+
NR
0.44 0.43
3135G0V34 FNMA Note
2.500% Due 02/05/2024
600,000.00 01/30/2020
1.44%
624,768.00
603,699.99
98.23 5.55%
589,376.40
6,083.33
0.22%
(14,323.59)
Aaa / AA+
AAA
0.60 0.57
3130A7PH2 FHLB Note
1.875% Due 03/08/2024
1,000,000.00 03/03/2020
0.85%
1,040,350.00
1,006,913.21
97.63 5.43%
976,251.00
5,885.42
0.37%
(30,662.21)
Aaa / AA+
NR
0.69 0.67
3133ENKS8 FFCB Note
1.125% Due 01/06/2025
425,000.00 01/06/2022
1.20%
424,043.75
424,513.55
94.13 5.20%
400,052.93
2,324.22
0.15%
(24,460.62)
Aaa / AA+
AAA
1.52 1.46
3130AWER7 FHLB Note
4.625% Due 06/06/2025
1,000,000.00 06/13/2023
4.74%
997,830.00
997,878.09
99.28 5.02%
992,829.00
2,440.97
0.37%
(5,049.09)
Aaa / AA+
NR
1.94 1.82
3135G05X7 FNMA Note
0.375% Due 08/25/2025
1,000,000.00 03/07/2022
1.78%
953,120.00
970,894.41
90.99 4.83%
909,949.00
1,312.50
0.34%
(60,945.41)
Aaa / AA+
AAA
2.16 2.09
3133EPJX4 FFCB Note
3.625% Due 02/17/2026
1,000,000.00 05/15/2023
3.89%
993,250.00
993,551.64
97.33 4.72%
973,259.00
4,430.56
0.36%
(20,292.64)
Aaa / AA+
AAA
2.64 2.46
3133EPHH1 FFCB Note
4.000% Due 04/28/2026
1,500,000.00 05/09/2023
3.90%
1,504,095.00
1,503,898.56
98.34 4.63%
1,475,068.50
10,500.00
0.55%
(28,830.06)
Aaa / AA+
AAA
2.83 2.62
3130ATUS4 FHLB Note
4.250% Due 12/10/2027
1,000,000.00 05/15/2023
3.66%
1,024,620.00
1,023,941.44
99.66 4.34%
996,569.00
2,479.17
0.37%
(27,372.44)
Aaa / AA+
NR
4.45 4.00
3130ATS57 FHLB Note
4.500% Due 03/10/2028
1,000,000.00 04/24/2023
3.76%
1,032,720.00
1,031,489.10
100.96
4.27%
1,009,635.00
13,875.00
0.38%
(21,854.10)
Aaa / AA+
AAA
4.70 4.14
TOTAL Agency 23,770,000.00 1.90%
23,819,973.98
23,799,585.90 4.90%
23,424,774.74
83,478.30
8.74%
(374,811.16)
Aaa / AA+
AAA
1.06 0.98
Cash
90PITT$00 City of Pittsburg Cash Equivalents
17,241,737.11 Various
0.00%
17,241,737.11
17,241,737.11
1.00 0.00%
17,241,737.11
0.00 6.41%
0.00 NR / NR
NR
0.00 0.00
90PITT$02 City of Pittsburg Additional Bonded Debt Funds
91,537,201.71 Various
0.00%
91,537,201.71
91,537,201.71
1.00 0.00%
91,554,495.12
0.00 34.03%
17,293.41
NR / NR
NR
0.00 0.00
TOTAL Cash 108,778,938.82 0.00%
108,778,938.82
108,778,938.82 0.00%
108,796,232.23
0.00 40.44%
17,293.41
NR / NR
NR
0.00 0.00
CMO
3137BM7C4 FHLMC K051 A2
3.308% Due 09/25/2025
500,000.00 05/16/2022
2.96%
503,886.72
502,566.34
96.15 5.21%
480,751.00
1,378.33
0.18%
(21,815.34)
NR / NR
AAA
2.24 1.96
As of June 30, 2023
32 211
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
3137BNGT5 FHLMC K054 A2
2.745% Due 01/25/2026
1,000,000.00 02/15/2023
4.92%
949,570.31
955,843.86
94.60 5.09%
946,010.00
2,287.50
0.35%
(9,833.86)
NR / AAA
NR
2.58 2.29
3137BSP72 FHLMC K058 A2
2.653% Due 08/25/2026
710,000.00 11/29/2022
4.53%
664,903.91
672,015.48
93.62 4.87%
664,693.48
1,569.69
0.25%
(7,322.00)
NR / NR
AAA
3.16 2.90
3137BVZ82 FHLMC K063
3.430% Due 01/25/2027
500,000.00 12/05/2022
4.29%
484,082.03
486,235.39
95.56 4.82%
477,779.50
1,429.17
0.18%
(8,455.89)
NR / NR
AAA
3.58 3.14
3137F2LJ3 FHLMC K066 A2
3.117% Due 06/25/2027
1,000,000.00 05/10/2023
3.97%
969,218.75
970,197.59
94.27 4.74%
942,677.00
2,597.50
0.35%
(27,520.59)
NR / NR
AAA
3.99 3.53
3137FAWS3 FHLMC K067 A2
3.194% Due 07/25/2027
1,000,000.00 05/10/2023
3.95%
971,562.50
972,434.93
94.40 4.72%
943,974.00
2,661.67
0.35%
(28,460.93)
Aaa / NR
NR
4.07 3.67
3137FBU79 FHLMC K069 A2
3.187% Due 09/25/2027
750,000.00 06/09/2023
4.98%
714,902.34
715,283.84
94.32 4.70%
707,393.25
1,991.88
0.26%
(7,890.59)
NR / AAA
NR
4.24 3.75
3137FETN0 FHLMC K073 A2
3.350% Due 01/25/2028
965,000.00 05/24/2023
4.34%
927,455.47
928,161.78
94.79 4.64%
914,699.38
538.79
0.34%
(13,462.40)
NR / NR
AAA
4.58 4.05
TOTAL CMO 6,425,000.00 4.29%
6,185,582.03
6,202,739.21 4.83%
6,077,977.61
14,454.53
2.26%
(124,761.60)
Aaa / AAA
AAA
3.64 3.24
Commercial Paper
62479MUE1 MUFG Bank Ltd/NY Discount CP
5.240% Due 07/14/2023
1,500,000.00 11/03/2022
5.47%
1,444,980.00
1,497,161.67
99.81 5.47%
1,497,161.67
0.00 0.56%
0.00 P-1 / A-1
NR
0.04 0.04
89233HUE2 Toyota Motor Credit Discount CP
5.170% Due 07/14/2023
500,000.00 11/03/2022
5.40%
481,905.00
499,066.53
99.81 5.40%
499,066.53
0.00 0.19%
0.00 P-1 / A-1+
F-1
0.04 0.04
TOTAL Commercial Paper 2,000,000.00 5.45%
1,926,885.00
1,996,228.20 5.45%
1,996,228.20
0.00 0.74%
0.00 P-1 / A-1
F-1
0.04 0.04
Corporate
24422EVN6 John Deere Capital Corp Note
0.450% Due 01/17/2024
485,000.00 03/01/2021
0.47%
484,655.65
484,934.35
97.30 5.54%
471,881.72
994.25
0.18%
(13,052.63)
A2 / A
A+
0.55 0.53
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
503,945.39
98.73 5.94%
493,660.00
7,759.72
0.19%
(10,285.39)
A3 / A
A
0.59 0.56
69371RR24 Paccar Financial Corp Note
0.350% Due 02/02/2024
225,000.00 01/28/2021
0.39%
224,739.00
224,948.52
97.01 5.58%
218,275.43
325.94
0.08%
(6,673.09)
A1 / A+
NR
0.59 0.57
637432NL5 National Rural Utilities Callable Note Cont 12/7/2023
2.950% Due 02/07/2024
500,000.00 04/06/2022
2.77%
501,470.00
500,384.42
98.36 5.75%
491,806.00
5,900.00
0.19%
(8,578.42)
A1 / A-
A+
0.61 0.58
As of June 30, 2023
33 212
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
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
725,254.90
96.47 5.84%
699,443.03
1,555.73
0.26%
(25,811.87)
A2 / A-
A
0.72 0.69
023135BW5 Amazon.com Inc Note
0.450% Due 05/12/2024
750,000.00 Various
0.67%
745,836.00
748,562.58
95.87 5.39%
719,046.75
459.38
0.27%
(29,515.83)
A1 / AA
AA-
0.87 0.84
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
249,500.80
95.83 5.49%
239,578.75
175.69
0.09%
(9,922.05)
A3 / A+
A
0.88 0.85
14913R2L0 Caterpillar Financial Service Note
0.450% Due 05/17/2024
715,000.00 05/10/2021
0.50%
714,041.90
714,719.39
95.72 5.49%
684,398.00
393.25
0.25%
(30,321.39)
A2 / A
A+
0.88 0.86
24422EVQ9 John Deere Capital Corp Note
0.450% Due 06/07/2024
425,000.00 06/07/2021
0.49%
424,468.75
424,833.77
95.45 5.50%
405,667.18
127.50
0.15%
(19,166.59)
A2 / A
A+
0.94 0.91
89114QCA4 Toronto Dominion Bank Note
2.650% Due 06/12/2024
750,000.00 04/23/2021
0.65%
796,327.50
764,076.74
96.98 5.97%
727,333.50
1,048.96
0.27%
(36,743.24)
A1 / A
AA-
0.95 0.92
06051GJY6 Bank of America Corp Callable Note Cont 6/14/2023
5.470% Due 06/14/2024
540,000.00 06/07/2021
5.51%
540,036.00
540,000.00
99.85 5.67%
539,191.63
1,394.85
0.20%
(808.37)
A1 / A-
AA-
0.96 0.21
89236TJH9 Toyota Motor Credit Corp Note
0.500% Due 06/18/2024
425,000.00 06/15/2021
0.54%
424,494.25
424,837.11
95.28 5.58%
404,936.60
76.74 0.15%
(19,900.51)
A1 / A+
A+
0.97 0.94
06367TQW3 Bank of Montreal Note
0.625% Due 07/09/2024
750,000.00 09/10/2021
0.65%
749,392.50
749,779.20
94.98 5.74%
712,338.75
2,239.58
0.27%
(37,440.45)
A2 / A-
AA-
1.03 0.99
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
114,979.72
95.19 5.44%
109,468.27
331.42
0.04%
(5,511.45)
A2 / A+
NR
1.04 1.01
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
760,056.12
96.19 5.12%
721,389.00
4,125.00
0.27%
(38,667.12)
Aaa / AA+
NR
1.20 1.15
78015K7C2 Royal Bank of Canada Note
2.250% Due 11/01/2024
500,000.00 05/19/2021
0.73%
525,750.00
509,993.45
95.42 5.86%
477,091.50
1,875.00
0.18%
(32,901.95)
A1 / A
AA-
1.34 1.28
46647PBY1 JP Morgan Chase & Co Callable Note Cont 2/16/2024
0.563% Due 02/16/2025
390,000.00 02/09/2021
0.56%
390,000.00
390,000.00
96.52 5.88%
376,428.78
823.39
0.14%
(13,571.22)
A1 / A-
AA-
1.64 1.55
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
608,962.52
95.05 5.12%
570,288.00
3,933.33
0.21%
(38,674.52)
Aa3 / A+
NR
1.68 1.60
87612EBL9 Target Corp Callable Note Cont 4/15/25
2.250% Due 04/15/2025
500,000.00 02/17/2022
2.08%
502,465.00
501,374.84
95.24 5.06%
476,175.50
2,375.00
0.18%
(25,199.34)
A2 / A
A
1.79 1.71
As of June 30, 2023
34 213
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
437076CM2 Home Depot Callable Note Cont 3/15/2025
2.700% Due 04/15/2025
500,000.00 03/24/2022
2.76%
499,125.00
499,486.31
95.91 5.12%
479,548.50
2,850.00
0.18%
(19,937.81)
A2 / A
A
1.79 1.71
06406RBC0 Bank of NY Mellon Corp Callable Note Cont 3/25/2025
3.350% Due 04/25/2025
510,000.00 04/19/2022
3.35%
509,928.60
509,956.70
96.16 5.60%
490,398.66
3,132.25
0.18%
(19,558.04)
A1 / A
AA-
1.82 1.72
46647PCH7 JP Morgan Chase & Co Callable Note Cont 6/1/2024
0.824% Due 06/01/2025
600,000.00 05/24/2021
0.78%
600,777.60
600,238.39
95.06 6.07%
570,382.20
412.00
0.21%
(29,856.19)
A1 / A-
AA-
1.92 1.83
26442UAA2 Duke Energy Progress LLC Callable Note Cont 5/15/25
3.250% Due 08/15/2025
500,000.00 04/18/2022
3.21%
500,605.00
500,369.15
95.92 5.30%
479,620.50
6,138.89
0.18%
(20,748.65)
Aa3 / A
NR
2.13 1.99
57629WDK3 Mass Mutual Global funding Note
4.150% Due 08/26/2025
750,000.00 05/10/2023
4.74%
740,385.00
740,959.37
97.11 5.59%
728,316.75
10,807.29
0.27%
(12,642.62)
Aa3 / AA+
AA+
2.16 2.00
931142EW9 Wal-Mart Stores Note
3.900% Due 09/09/2025
155,000.00 09/06/2022
3.92%
154,891.50
154,920.70
98.00 4.87%
151,906.67
1,880.67
0.06%
(3,014.03)
Aa2 / AA
AA
2.20 2.05
857477BR3 State Street Bank Callable Note Cont 2/6/2025
1.746% Due 02/06/2026
190,000.00 02/02/2022
1.75%
190,000.00
190,000.00
93.69 5.93%
178,016.70
1,336.18
0.07%
(11,983.30)
A1 / A
AA-
2.61 1.53
69371RR32 Paccar Financial Corp Note
1.100% Due 05/11/2026
600,000.00 02/10/2023
4.54%
538,422.00
545,559.21
89.92 4.92%
539,528.40
916.67
0.20%
(6,030.81)
A1 / A+
NR
2.87 2.75
89236TJK2 Toyota Motor Credit Corp Note
1.125% Due 06/18/2026
250,000.00 01/11/2023
4.55%
223,112.50
226,741.88
89.41 5.01%
223,530.25
101.56
0.08%
(3,211.63)
A1 / A+
A+
2.97 2.85
438516BL9 Honeywell Intl Callable Note 08/01/2026
2.500% Due 11/01/2026
750,000.00 05/10/2023
3.96%
714,847.50
716,232.55
93.36 4.67%
700,236.75
3,125.00
0.26%
(15,995.80)
A2 / A
A
3.34 3.13
665859AW4 Northern Trust Company Callable Note Cont 4/10/2027
4.000% Due 05/10/2027
600,000.00 09/12/2022
4.08%
597,906.00
598,263.42
96.34 5.05%
578,023.80
3,400.00
0.22%
(20,239.62)
A2 / A+
A+
3.86 3.50
TOTAL Corporate 15,300,000.00 1.96%
15,310,951.60
15,223,871.50 5.48%
14,657,907.57
70,015.24
5.47%
(565,963.93)
A1 / A+
A+
1.55 1.43
Equity Mutual Fund
90PARS$00 City of Pittsburg PARS 115 Trust
2,985,340.10 Various
0.00%
2,985,340.10
2,985,340.10
0.99 0.00%
2,946,492.69
0.00 1.10%
(38,847.41)
NR / NR
NR
0.00 0.00
TOTAL Equity Mutual Fund 2,985,340.10 0.00%
2,985,340.10
2,985,340.10 0.00%
2,946,492.69
0.00 1.10%
(38,847.41)
NR / NR
NR
0.00 0.00
As of June 30, 2023
35 214
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
Investment Pool
90PITT$01 City of Pittsburg Investment Pools
55,000,000.00 Various
0.00%
55,000,000.00
55,000,000.00
0.98 0.00%
54,165,567.43
0.00 20.13%
(834,432.57)
NR / NR
NR
0.00 0.00
TOTAL Investment Pool 55,000,000.00 0.00%
55,000,000.00
55,000,000.00 0.00%
54,165,567.43
0.00 20.13%
(834,432.57)
NR / NR
NR
0.00 0.00
Money Market Fund
94975H254 Wells Fargo Money Market Fund #743
35,458.70 Various
4.66%
35,458.70
35,458.70
1.00 4.66%
35,458.70
0.00 0.01%
0.00 Aaa / AAA
NR
0.00 0.00
94975H296 Wells Fargo Treasury Plus MMFD 453
340,616.19 Various
4.97%
340,616.19
340,616.19
1.00 4.97%
340,616.19
0.00 0.13%
0.00 Aaa / AAA
NR
0.00 0.00
94975H296 Wells Fargo Treasury Plus MMFD 453
785,298.58 Various
4.97%
785,298.58
785,298.58
1.00 4.97%
785,298.58
0.00 0.29%
0.00 Aaa / AAA
NR
0.00 0.00
94975H296 Wells Fargo Treasury Plus MMFD 453
5,636,890.71 Various
4.97%
5,636,890.71
5,636,890.71
1.00 4.97%
5,636,890.71
0.00 2.10%
0.00 Aaa / AAA
NR
0.00 0.00
94975H254 Wells Fargo Money Market Fund #743
1,109,440.63 Various
4.66%
1,109,440.63
1,109,440.63
1.00 4.66%
1,109,440.63
0.00 0.41%
0.00 Aaa / AAA
NR
0.00 0.00
TOTAL Money Market Fund 7,907,704.81 4.92%
7,907,704.81
7,907,704.81 4.92%
7,907,704.81
0.00 2.94%
0.00 Aaa / AAA
NR
0.00 0.00
Negotiable CD
89115BK66 Toronto Dominion Bank Yankee CD
4.020% Due 08/22/2023
1,000,000.00 08/24/2022
4.02%
999,986.98
999,998.13
99.81 5.17%
998,063.00
34,951.67
0.38%
(1,935.13)
P-1 / A-1+
F-1+
0.15 0.14
96130ASC3 Westpac Banking Corp NY Yankee CD
5.380% Due 02/16/2024
2,000,000.00 02/22/2023
5.44%
1,998,772.63
1,999,213.66
99.68 5.79%
1,993,530.00
40,350.00
0.76%
(5,683.66)
P-1 / A-1+
F-1
0.63 0.62
TOTAL Negotiable CD 3,000,000.00 4.97%
2,998,759.61
2,999,211.79 5.58%
2,991,593.00
75,301.67
1.14%
(7,618.79)
Aaa / AAA
AA+
0.47 0.46
Supranational
459058JM6 Intl. Bank Recon & Development Note
0.250% Due 11/24/2023
925,000.00 Various
0.28%
924,231.25
924,898.33
98.02 5.31%
906,648.93
237.67
0.34%
(18,249.40)
Aaa / AAA
AAA
0.40 0.39
459058GQ0 Intl. Bank Recon & Development Note
2.500% Due 03/19/2024
750,000.00 01/26/2021
0.26%
802,455.00
761,992.33
97.92 5.48%
734,390.25
5,312.50
0.27%
(27,602.08)
Aaa / AAA
AAA
0.72 0.69
As of June 30, 2023
36 215
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
4581X0DZ8 Inter-American Dev Bank Note
0.500% Due 09/23/2024
895,000.00 09/15/2021
0.52%
894,337.70
894,728.07
94.22 5.42%
843,224.25
1,218.19
0.31%
(51,503.82)
Aaa / AAA
NR
1.24 1.19
TOTAL Supranational 2,570,000.00 0.36%
2,621,023.95
2,581,618.73 5.40%
2,484,263.43
6,768.36
0.93%
(97,355.30)
Aaa / AAA
AAA
0.78 0.75
US Treasury
912797GJ0 US Treasury Bill
4.995% Due 08/29/2023
2,000,000.00 05/10/2023
5.14%
1,969,475.00
1,983,627.50
99.18 5.14%
1,983,627.50
0.00 0.74%
0.00 P-1 / A-1+
F-1+
0.16 0.16
912797GR2 US Treasury Bill
5.010% Due 09/05/2023
2,000,000.00 05/09/2023
5.16%
1,967,156.67
1,981,630.00
99.08 5.16%
1,981,630.00
0.00 0.74%
0.00 P-1 / A-1+
F-1+
0.18 0.18
912828T26 US Treasury Note
1.375% Due 09/30/2023
1,000,000.00 09/27/2022
4.31%
971,445.31
992,919.68
99.05 5.18%
990,510.00
3,456.28
0.37%
(2,409.68)
Aaa / AA+
AAA
0.25 0.25
912797HA8 US Treasury Bill
5.185% Due 10/10/2023
1,100,000.00 06/13/2023
5.35%
1,081,305.19
1,083,998.51
98.55 5.35%
1,083,998.51
0.00 0.40%
0.00 P-1 / A-1+
F-1+
0.28 0.27
912797FA0 US Treasury Bill
4.970% Due 10/12/2023
2,000,000.00 05/09/2023
5.15%
1,957,202.78
1,971,560.56
98.58 5.15%
1,971,560.56
0.00 0.73%
0.00 P-1 / A-1+
F-1+
0.28 0.28
912797FC6 US Treasury Bill
4.800% Due 10/26/2023
1,175,000.00 04/26/2023
4.99%
1,146,486.67
1,156,670.00
98.44 4.99%
1,156,670.00
0.00 0.43%
0.00 P-1 / A-1+
F-1+
0.32 0.32
912828T91 US Treasury Note
1.625% Due 10/31/2023
700,000.00 09/25/2019
1.60%
700,628.91
700,051.29
98.82 5.20%
691,742.10
1,916.44
0.26%
(8,309.19)
Aaa / AA+
AAA
0.34 0.33
912797FJ1 US Treasury Bill
4.940% Due 11/09/2023
2,000,000.00 05/09/2023
5.14%
1,950,051.11
1,964,047.78
98.20 5.14%
1,964,047.78
0.00 0.73%
0.00 P-1 / A-1+
F-1+
0.36 0.35
912797FK8 US Treasury Bill
5.010% Due 11/16/2023
2,200,000.00 05/16/2023
5.21%
2,144,277.67
2,157,749.00
98.08 5.21%
2,157,749.00
0.00 0.80%
0.00 P-1 / A-1+
F-1+
0.38 0.37
91282CBA8 US Treasury Note
0.125% Due 12/15/2023
1,000,000.00 01/08/2021
0.22%
997,148.44
999,554.11
97.73 5.20%
977,266.00
54.64 0.36%
(22,288.11)
Aaa / AA+
AAA
0.46 0.45
91282CBA8 US Treasury Note
0.125% Due 12/15/2023
2,000,000.00 05/26/2023
5.36%
1,944,843.75
1,953,479.32
97.73 5.20%
1,954,532.00
109.29
0.73%
1,052.68
Aaa / AA+
AAA
0.46 0.45
91282CBV2 US Treasury Note
0.375% Due 04/15/2024
1,000,000.00 04/14/2021
0.36%
1,000,351.56
1,000,092.70
96.14 5.42%
961,367.00
788.93
0.36%
(38,725.70)
Aaa / AA+
AAA
0.79 0.77
91282CCC3 US Treasury Note
0.250% Due 05/15/2024
650,000.00 05/12/2021
0.36%
647,968.75
649,407.71
95.62 5.44%
621,537.15
207.54
0.23%
(27,870.56)
Aaa / AA+
AAA
0.88 0.85
91282CCG4 US Treasury Note
0.250% Due 06/15/2024
1,000,000.00 06/28/2021
0.46%
993,750.00
997,978.28
95.21 5.44%
952,148.00
109.29
0.35%
(45,830.28)
Aaa / AA+
AAA
0.96 0.93
91282CCL3 US Treasury Note
0.375% Due 07/15/2024
1,000,000.00 08/05/2021
0.37%
1,000,273.44
1,000,096.75
94.97 5.40%
949,727.00
1,729.97
0.35%
(50,369.75)
Aaa / AA+
AAA
1.04 1.01
As of June 30, 2023
37 216
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
91282CCT6 US Treasury Note
0.375% Due 08/15/2024
1,000,000.00 09/10/2021
0.42%
998,632.81
999,473.37
94.61 5.37%
946,094.00
1,408.84
0.35%
(53,379.37)
Aaa / AA+
AAA
1.13 1.09
91282CDB4 US Treasury Note
0.625% Due 10/15/2024
1,000,000.00 12/02/2021
0.86%
993,281.25
996,971.11
94.21 5.32%
942,148.00
1,314.89
0.35%
(54,823.11)
Aaa / AA+
AAA
1.30 1.25
91282CDH1 US Treasury Note
0.750% Due 11/15/2024
1,000,000.00 11/10/2021
0.80%
998,554.69
999,336.69
94.05 5.29%
940,547.00
957.88
0.35%
(58,789.69)
Aaa / AA+
AAA
1.38 1.33
91282CDN8 US Treasury Note
1.000% Due 12/15/2024
1,100,000.00 12/29/2021
0.99%
1,100,472.66
1,100,233.05
94.11 5.24%
1,035,246.30
480.87
0.38%
(64,986.75)
Aaa / AA+
AAA
1.46 1.41
912828ZC7 US Treasury Note
1.125% Due 02/28/2025
1,000,000.00 02/03/2022
1.42%
991,054.69
995,143.97
93.73 5.09%
937,305.00
3,760.19
0.35%
(57,838.97)
Aaa / AA+
AAA
1.67 1.61
912828ZF0 US Treasury Note
0.500% Due 03/31/2025
750,000.00 03/03/2021
0.54%
748,886.72
749,521.92
92.50 5.03%
693,750.00
942.62
0.26%
(55,771.92)
Aaa / AA+
AAA
1.75 1.70
912828ZL7 US Treasury Note
0.375% Due 04/30/2025
500,000.00 01/13/2021
0.39%
499,609.38
499,833.23
92.01 4.99%
460,039.00
315.90
0.17%
(39,794.23)
Aaa / AA+
AAA
1.84 1.78
912828ZT0 US Treasury Note
0.250% Due 05/31/2025
1,250,000.00 10/06/2021
0.72%
1,228,759.77
1,238,837.72
91.51 4.94%
1,143,896.25
264.69
0.43%
(94,941.47)
Aaa / AA+
AAA
1.92 1.87
9128285C0 US Treasury Note
3.000% Due 09/30/2025
750,000.00 04/29/2022
2.90%
752,314.45
751,525.64
96.25 4.78%
721,845.75
5,655.74
0.27%
(29,679.89)
Aaa / AA+
AAA
2.25 2.13
9128285J5 US Treasury Note
3.000% Due 10/31/2025
1,000,000.00 06/02/2022
2.87%
1,004,023.44
1,002,754.41
96.18 4.75%
961,797.00
5,054.35
0.36%
(40,957.41)
Aaa / AA+
AAA
2.34 2.21
912828M56 US Treasury Note
2.250% Due 11/15/2025
1,000,000.00 08/25/2022
3.37%
966,093.75
974,995.22
94.48 4.74%
944,766.00
2,873.64
0.35%
(30,229.22)
Aaa / AA+
AAA
2.38 2.26
9128285T3 US Treasury Note
2.625% Due 12/31/2025
1,000,000.00 08/25/2022
3.34%
977,421.88
983,126.41
95.24 4.67%
952,383.00
71.33 0.35%
(30,743.41)
Aaa / AA+
AAA
2.51 2.38
9128286L9 US Treasury Note
2.250% Due 03/31/2026
1,000,000.00 08/29/2022
3.40%
961,640.63
970,578.45
94.10 4.56%
940,977.00
5,655.74
0.35%
(29,601.45)
Aaa / AA+
AAA
2.75 2.61
912828U24 US Treasury Note
2.000% Due 11/15/2026
1,500,000.00 05/09/2023
3.65%
1,418,964.84
1,422,244.08
92.50 4.42%
1,387,441.50
3,831.52
0.52%
(34,802.58)
Aaa / AA+
AAA
3.38 3.20
912828V98 US Treasury Note
2.250% Due 02/15/2027
1,000,000.00 11/29/2022
4.06%
930,585.94
940,199.20
92.99 4.36%
929,883.00
8,453.04
0.35%
(10,316.20)
Aaa / AA+
AAA
3.63 3.39
91282CEF4 US Treasury Note
2.500% Due 03/31/2027
1,100,000.00 11/03/2022
4.47%
1,014,148.44
1,026,908.72
93.71 4.33%
1,030,862.80
6,912.57
0.39%
3,954.08
Aaa / AA+
AAA
3.75 3.50
91282CEW7 US Treasury Note
3.250% Due 06/30/2027
1,250,000.00 11/03/2022
4.44%
1,187,792.97
1,196,543.69
96.17 4.30%
1,202,148.75
110.39
0.45%
5,605.06
Aaa / AA+
AAA
4.00 3.70
91282CFH9 US Treasury Note
3.125% Due 08/31/2027
800,000.00 01/30/2023
3.72%
779,968.75
781,765.81
95.64 4.28%
765,093.60
8,355.98
0.29%
(16,672.21)
Aaa / AA+
AAA
4.17 3.81
As of June 30, 2023
38 217
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
9128283F5 US Treasury Note
2.250% Due 11/15/2027
1,500,000.00 05/16/2023
3.59%
1,417,031.25
1,419,303.67
92.11 4.25%
1,381,582.50
4,310.46
0.52%
(37,721.17)
Aaa / AA+
AAA
4.38 4.08
TOTAL US Treasury 40,325,000.00 3.25%
39,441,603.56
39,642,159.55 4.99%
38,715,919.05
69,103.02
14.42%
(926,240.50)
Aaa / AAA
AAA
1.46 1.39
TOTAL PORTFOLIO 272,738,126.42 1.13%
271,624,910.81
271,774,980.02 1.95%
268,702,020.53
323,124.34
100.00%
(3,072,959.49)
Aa1 / AA+
AAA
0.53 0.47
TOTAL MARKET VALUE PLUS ACCRUALS 269,025,144.87
As of June 30, 2023
39 218
SECTION |
Section 4 |
Transactions
40 219
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 04/25/2023 3130ATS57 1,000,000.00 FHLB Note
4.5% Due: 03/10/2028
103.272 3.76% 1,032,720.00 5,625.00 1,038,345.00 0.00
Purchase 04/27/2023 912797FC6 1,175,000.00 US Treasury Bill
4.8% Due: 10/26/2023
97.573 4.99% 1,146,486.67 0.00 1,146,486.67 0.00
Purchase 05/02/2023 912797FQ5 325,000.00 US Treasury Bill
4.94% Due: 06/27/2023
99.232 5.05% 322,502.56 0.00 322,502.56 0.00
Purchase 05/02/2023 912797FQ5 760,000.00 US Treasury Bill
4.94% Due: 06/27/2023
99.232 5.05% 754,159.82 0.00 754,159.82 0.00
Purchase 05/10/2023 3133EPHH1 1,500,000.00 FFCB Note 4% Due: 04/28/2026
100.273 3.90% 1,504,095.00 2,000.00 1,506,095.00 0.00
Purchase 05/10/2023 912797FA0 2,000,000.00 US Treasury Bill
4.97% Due: 10/12/2023
97.860 5.15% 1,957,202.78 0.00 1,957,202.78 0.00
Purchase 05/10/2023 912797GR2 2,000,000.00 US Treasury Bill
5.01% Due: 09/05/2023
98.358 5.16% 1,967,156.67 0.00 1,967,156.67 0.00
Purchase 05/10/2023 912828U24 1,500,000.00 US Treasury Note 2% Due: 11/15/2026
94.598 3.65% 1,418,964.84 14,585.64 1,433,550.48 0.00
Purchase 05/11/2023 912797FJ1 2,000,000.00 US Treasury Bill
4.94% Due: 11/09/2023
97.503 5.14% 1,950,051.11 0.00 1,950,051.11 0.00
Purchase 05/11/2023 912797GJ0 2,000,000.00 US Treasury Bill
4.995% Due: 08/29/2023
98.474 5.14% 1,969,475.00 0.00 1,969,475.00 0.00
Purchase 05/12/2023 438516BL9 750,000.00 Honeywell Intl Callable Note 08/01/2026
2.5% Due: 11/01/2026
95.313 3.96% 714,847.50 572.92 715,420.42 0.00
Purchase 05/12/2023 57629WDK3 750,000.00 Mass Mutual Global funding Note
4.15% Due: 08/26/2025
98.718 4.74% 740,385.00 6,570.83 746,955.83 0.00
Purchase 05/15/2023 161571HS6 1,000,000.00 Chase Issuance Trust 22-A1 A
3.97% Due: 09/15/2027
99.395 4.28% 993,945.31 0.00 993,945.31 0.00
Purchase 05/15/2023 3137F2LJ3 1,000,000.00 FHLMC K066 A2
3.117% Due: 06/25/2027
96.922 3.97% 969,218.75 1,212.17 970,430.92 0.00
Purchase 05/15/2023 3137FAWS3 1,000,000.00 FHLMC K067 A2
3.194% Due: 07/25/2027
97.156 3.95% 971,562.50 1,242.11 972,804.61 0.00
Purchase 05/16/2023 3130ATUS4 1,000,000.00 FHLB Note
4.25% Due: 12/10/2027
102.462 3.66% 1,024,620.00 22,666.67 1,047,286.67 0.00
March 31, 2023 through June 30, 2023
As of June 30, 2023
41 220
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
Purchase 05/17/2023 3133EPJX4 1,000,000.00 FFCB Note
3.625% Due: 02/17/2026
99.325 3.89% 993,250.00 0.00 993,250.00 0.00
Purchase 05/17/2023 9128283F5 1,500,000.00 US Treasury Note
2.25% Due: 11/15/2027
94.469 3.59% 1,417,031.25 183.42 1,417,214.67 0.00
Purchase 05/18/2023 912797FK8 2,200,000.00 US Treasury Bill
5.01% Due: 11/16/2023
97.467 5.21% 2,144,277.67 0.00 2,144,277.67 0.00
Purchase 05/30/2023 3137FETN0 965,000.00 FHLMC K073 A2
3.35% Due: 01/25/2028
96.109 4.34% 927,455.47 2,604.16 930,059.63 0.00
Purchase 05/31/2023 91282CBA8 2,000,000.00 US Treasury Note
0.125% Due: 12/15/2023
97.242 5.36% 1,944,843.75 1,146.98 1,945,990.73 0.00
Purchase 06/14/2023 3137FBU79 750,000.00 FHLMC K069 A2
3.187% Due: 09/25/2027
95.320 4.98% 714,902.34 863.15 715,765.49 0.00
Purchase 06/14/2023 912797HA8 1,100,000.00 US Treasury Bill
5.185% Due: 10/10/2023
98.300 5.35% 1,081,305.19 0.00 1,081,305.19 0.00
Purchase 06/15/2023 3130AWER7 1,000,000.00 FHLB Note
4.625% Due: 06/06/2025
99.783 4.74% 997,830.00 385.42 998,215.42 0.00
Subtotal 30,275,000.00 29,658,289.18 59,658.47 29,717,947.65 0.00 Security
Contribution
06/30/2023 90PARS$00 369,718.07 City of Pittsburg PARS 115 Trust 1.000 369,718.07 0.00 369,718.07 0.00 Subtotal 369,718.07 369,718.07 0.00 369,718.07 0.00
TOTAL ACQUISITIONS 30,644,718.07 30,028,007.25 59,658.47 30,087,665.72 0.00
DISPOSITIONS
Maturity 04/20/2023 3137EAEQ8 1,000,000.00 FHLMC Note
0.375% Due: 04/20/2023
100.000 1,000,000.00 0.00 1,000,000.00 0.00
Maturity 04/20/2023 3137EAEQ8 1,000,000.00 FHLMC Note
0.375% Due: 04/20/2023
100.000 1,000,000.00 0.00 1,000,000.00 0.00
Maturity 05/05/2023 3137EAER6 975,000.00 FHLMC Note
0.375% Due: 05/05/2023
100.000 975,000.00 0.00 975,000.00 0.00
March 31, 2023 through June 30, 2023
As of June 30, 2023
42 221
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
Maturity 05/22/2023 3135G04Q3 1,470,000.00 FNMA Note
0.25% Due: 05/22/2023
100.000 1,470,000.00 0.00 1,470,000.00 0.00
Maturity 05/31/2023 912828R69 2,000,000.00 US Treasury Note
1.625% Due: 05/31/2023
100.000 2,000,000.00 0.00 2,000,000.00 0.00
Maturity 06/09/2023 3133834G3 1,000,000.00 FHLB Note
2.125% Due: 06/09/2023
100.000 1,000,000.00 0.00 1,000,000.00 0.00
Maturity 06/14/2023 313384GW3 1,000,000.00 FHLB Discount Note
3.25% Due: 06/14/2023
100.000 1,000,000.00 0.00 1,000,000.00 0.00
Maturity 06/27/2023 912797FQ5 325,000.00 US Treasury Bill
4.94% Due: 06/27/2023
100.000 325,000.00 0.00 325,000.00 0.00
Maturity 06/27/2023 912797FQ5 760,000.00 US Treasury Bill
4.94% Due: 06/27/2023
100.000 760,000.00 0.00 760,000.00 0.00
Maturity 06/29/2023 912796ZR3 2,400,000.00 US Treasury Bill
4.66% Due: 06/29/2023
100.000 2,400,000.00 0.00 2,400,000.00 0.00
Subtotal 11,930,000.00 11,930,000.00 0.00 11,930,000.00 0.00 Security
Withdrawal
06/30/2023 90PITT$01 19,675,475.84 City of Pittsburg Investment Pools 1.000 19,675,475.84 0.00 19,675,475.84 0.00 Subtotal 19,675,475.84 19,675,475.84 0.00 19,675,475.84 0.00 TOTAL DISPOSITIONS 31,605,475.84 31,605,475.84 0.00 31,605,475.84 0.00 March 31, 2023 through June 30, 2023
As of June 30, 2023
43 222
Important Disclosures
2023 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS 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.
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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.
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As of June 30, 2023
44 223
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 June 30, 2023
45 224
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 Execution of the First Amendment to the Consultant Services Agreement with
Gates+Associates for Project 3080-Premier Fields
MEETING DATE: August 21, 2023
EXECUTIVE SUMMARY
Premier Fields Project (the “Project”) is for the construction of three multi-purpose fields south of West Leland Road and east of John Henry Johnson Parkway on City property.
This resolution will authorize an amendment to the Consulting Services Agreement with Gates + Associates.
FISCAL IMPACT
The Amendment for additional services is in the amount of $28,880. The original design services contract in the amount of $615,100 was awarded on July 18, 2022. The total agreement amount, including Amendment One, will be $643,380.
RECOMMENDATION
City Council adopt the attached resolution approving the First Amendment to Consulting Services Agreement with Gates + Associates in the amount of $28,380 needed to complete the design of the project and authorizing the City Manager to execute the amendment.
BACKGROUND
The Project is planned to develop a portion of land owned by the City of Pittsburg and will encompass approximately 18 acres of land. This project will return public property to active recreational use and alleviate overcrowding on the City’s other sports facilities.
SUBCOMMITTEE FINDINGS
This item was not presented to a subcommittee.
225
STAFF ANALYSIS
On July 18, 2022, Gates + Associates was awarded the contract for design of the Project in the amount of $615,000.
After progressing the design to 90% level, additional services were deemed necessary which requires the consultant team to modify the plans, to better fit the City’s needs. Staff has negotiated a fair scope and fee with the consultant team.
ATTACHMENTS: Resolution
Amendment to Consultant Agreement
Report Prepared By: Bruce Zaeni, Acting Senior Civil Engineer 226
Resolution No. 23- Page 1 of 1 August 21, 2023
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Authorizing the City Manager to Execute )
First Amendment to Consulting Services )
Agreement for Design of Project 3080 ) RESOLUTION NO. 23- Premier Fields )
WHEREAS, Project 3080, Premier Fields (the “Project”), is for the construction of three multi-purpose sports fields, including parking, lighting, and restroom located south of West Leland Road and east of John Henry Johnson Parkway on City property; and WHEREAS, on June 18, 2022 Resolution No. 22-14132 awarded Gates + Associates an agreement in the amount not to exceed $615,000 for design services of the Project; and
WHEREAS, this resolution will authorize an amendment in the amount of $28,880 to the Consulting Services Agreement with Gates + Associates for additional design services; and
WHEREAS, the funding for this Amendment is being allocated from the existing project budget.
NOW, THEREFORE, BE IT RESOLVED, that the City Council herby authorizes the City Manager to execute the First Amendment to the Consulting Services Agreement with Gates + Associates.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21st day of August 2023, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
__________________________
Shanelle Scales-Preston, Mayor
ATTEST:
____________________________
Alice E. Evenson, City Clerk
227
FIRST AMENDMENT TO
CONSULTING SERVICES AGREEMENT BETWEEN
CITY OF PITTSBURG AND
GATES + ASSOCIATES
Project 3080 Pittsburg Premier Fields
This First Amendment to the Principal Agreement made and entered into on July 9, 2022, hereafter referred to as Agreement, between Gates + Associates, a California corporation, therein referred to as Consultant, and the City of Pittsburg, a municipal corporation, therein referred to as City, is made and entered into on this 10th day of August, 2023.
WHEREAS, the parties entered into an Agreement for design; and
WHEREAS, the parties desire to add services and increase the compensation amount accordingly.
NOW, THEREFORE, Consultant and City do mutually agree as follows:
1. Compensation. Section 2 of the Agreement is hereby amended to read as follows:
City hereby agrees to pay Consultant a sum not to exceed Six Hundred Forty-Three Thousand Three Hundred Eighty Dollars ($643,380), as set forth in Exhibit B, attached hereto and incorporated herein for services to be performed and reimbursable expenses incurred under this Agreement. This dollar amount is not a guarantee that the City will pay that full amount to the Consultant but is merely a limit of potential City expenditures under this Agreement.
2. Exhibit A Scope of Services. Exhibit A is hereby amended to include Attachment 1 of this First Amendment.
3. Exhibit B Compensation Schedule. Exhibit B is hereby amended to include Attachment 2 of this First Amendment.
4. Integration. This First Amendment contains the entire agreement between the parties with respect to its subject matter and supersedes whatever oral or written understanding they may have had prior to the execution of this First Amendment. This First Amendment shall not be amended or modified except by a written agreement executed by each of the parties. Except as specifically revised herein, all terms and conditions of the Agreement shall remain in full force and effect, and Consultant shall perform all duties, obligations and conditions required under the Agreement.
5. Inconsistencies. In the event of any conflict or inconsistency between the provisions of this First Amendment and the Agreement, the provisions of this First Amendment shall control in all respects.
228
6. Ambiguities. The parties have each carefully reviewed this First Amendment and have agreed to each term of this First Amendment. No ambiguity shall be presumed to be construed against either party.
7. Counterparts. This First Amendment may be executed by the parties in one or more counterparts all of which collectively shall constitute one document and agreement.
8. Authority. The person signing this First Amendment for Consultant hereby represents and warrants that he or she is fully authorized to sign this First Amendm ent on behalf of Consultant.
IN WITNESS WHEREOF, the parties have entered into this First Amendment on the day and year first hereinabove appearing.
229
CONSULTANT:
Gates + Associates, a California corporation
By:
Casey Case, President
CITY:
CITY OF PITTSBURG, a municipal
corporation of the State of California
By:
Garrett Evans, City Manager
ATTEST:
By:
Alice E. Evenson, City Clerk
APPROVED AS TO FORM:
By:
Donna Mooney, City Attorney
230
ATTACHMENT 1
SCOPE OF SERVICES
Change Order #1
Phase l Environmental Assessment
Change Order #2
Gates – Landscape
• Provide additional coordination & meetings as required • Coordinate design elements for parking lot modifications and stormwater treatment areas, limits of grading, and limit of work. Distribute updated Autocad site plans to team.
• Revise measure and payment, cost estimates and take offs for revised work.
Gates - Revise and Update Plans including:
• Hydroseed plan
• Layout plams
• Planting plans
RMA – Irrigation
• Revise irrigation plans and estimates for updated planting and stormwater zones.
Sandis – Civil
• Provide additional coordination and meetings as required • Develop revised CAD base file for stormwater zone
• Modify parking lots to asphalt
• Redesign stormwater treatment system, calculations and associated utilities • Update earthwork calculations
• Revise measure and payment, cost estimates and take offs for work
Sandis - Revise and Update Plans including:
• Notes and Legends
• Erosion control plans
• Rough grading and fine grading plans
• Horizontal control plans
• Utility plans
• Stormwater management plans
• Striping plans
• Civil construction details
231
ATTACHMENT 2
COMPENSATION SCHEDULE
Phase l Environmental Assessment $ 6,500
Gates – Landscape, Revise and Update Plans $ 2,640
RMA – Irrigation $ 1,240
Sandis – Civil, Revise and Update Plans $18,000
232
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 Purchase of Properties Fulfilling Specified Criteria
MEETING DATE: August 21, 2023
EXECUTIVE SUMMARY
The City plans to purchase, rehabilitate, and transfer properties to the Housing Authority of the City of Pittsburg (Housing Authority) and the Housing Authority plans to accept properties from the City for its Housing Choice Voucher Program, also known as Section 8.
FISCAL IMPACT
The City plans to use the Permanent Local Housing Allocation (PLHA) grant funds to purchase properties. The PLHA grant funds will also be used to pay for all costs related to the purchase such as closing costs and any rehabilitation needed to make the property suitable for rental. Each purchase, which includes the purchase price, related closing costs, and rehabilitation will not exceed $650,000.
RECOMMENDATION
City Council adopt the Resolution authorizing the purchase of properties not yet identified so long as they meet the defined criteria.
BACKGROUND
In September 2017, the California Legislature passed and the Governor signed Senate Bill 2, known as the Building Homes and Jobs Act (Act), which established a $75 recording fee on real estate documents to increase the supply of affordable housing. The Act established the PLHA program administered by the California Department of Housing and Community Development (HCD). The PLHA provides a permanent source of funding to cities and counties to help meet the need for affordable housing and increase the supply of affordable housing units.
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Under the PLHA, funding is provided through formula grants to entitlement jurisdictions based on the formula prescribed under federal law for the Community Development Block Grant program over a 5-year funding period, as well as through a competitive grant program for non-entitlement jurisdictions. In order to receive PLHA grant funds, the City is required to submit a PLHA Plan detailing the manner in which PLHA funds will be used.
On November 15, 2021, the City Council, through a public hearing process, adopted Resolution 21-14010, authorizing the submission of the application for and acceptance of PLHA funds. The City has been granted $317,863 for 2019 and $493,778 for 2020, totaling $811,461 in PLHA funds. The 2019 PLHA funds must be spent by April 30, 2024.
On April 17, 2023, the City Council adopted Resolution 23.-14276 authorizing the City Manager to purchase properties with PLHA funds and transfer the properties to the Housing Authority with the condition that the properties will be rented to Section 8 participants.
During the same meeting, the Governing Board of the Housing Authority adopted Resolution 23-366 accepting properties purchased by the City with PLHA funds with the condition that the properties will be rented to Section 8 participants and restrict the properties as affordable housing for 55 years.
SUBCOMMITTEE FINDINGS
This item was discussed in the Government Performance Ad-Hoc Subcommittee on July 28, 2023.
STAFF ANALYSIS
Because the 2019 PLHA funds must be spent by April 30, 2024, staff met with HCD staff on March 10, 2023 to receive guidance on a proposed program where the City would purchase properties using the PLHA grant funds and transfer the properties to the Housing Authority to be leased to Section 8 participants.
Typically, the process in which properties are purchased consists of consideration of the item in a City Council closed session meeting where price and terms would be discussed.
Once authorization is given, staff would make a purchase offer and conduct a site visit to inspect the condition of the property and determine the extent of the rehabilitation needed to make the property suitable for rental. Because of scheduling, this process could take as much as four weeks. Due to the competitive real estate market, four weeks could result in lost opportunities because the seller will likely have accepted an offer already.
Staff is proposing the purchase of properties not yet identified so long as they meet the following criteria:
The property is residential and has up to four bedrooms; A structural pest control inspection report for the property must be available, reviewed by the Chief Building Inspector, and the Chief Building Inspector must determine the condition of the property is acceptable in light of the estimate purchase price;
Staff and Chief Building Inspector must complete a site visit and evaluate the condition of the property and estimated rehabilitation cost; and The purchase price, including closing costs and rehabilitation, will not exceed $650,000 in total.
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Once the City’s offer is accepted, a purchase and sale agreement will be taken to the City Council for consideration. Upon completion of the purchase and rehabilitation of the property, the property will be transferred to the Housing Authority to own and operate.
According to the HUD Real Estate Assessment Center’s Income Level Report, attached as Exhibit A to this staff report, 91% of the Housing Authority, also known by HUD as CA060, participants’ incomes are below $50,000, which complies with PLHA’s requirement that these funds be used to assist the population whose incomes are 60% of AMI and lower.
ATTACHMENTS: Exhibit A
Resolution
Report Prepared By: Maria M. Aliotti, Assistant City Manager 235
Resolution No. 23- Page 1 of 2 August 21, 2023
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Authorizing the Purchase of Properties )
Fulfilling Specified Criteria ) RESOLUTION NO. 23-
WHEREAS, in September 2017, the California Legislature passed and the Governor signed Senate Bill 2, known as the Building Homes and Jobs Act (Act), which established a $75 recording fee on real estate documents to provide a permanent source of funding to cities and counties to help meet the need for affordable housing and increase the supply of affordable housing units; and
WHEREAS, the Act established the Permanent Local Housing Allocation (PLHA) program administered by the California Department of Housing and Community Development; and
WHEREAS, on November 15, 2021, the City Council adopted Resolution 21-14010, authorizing the submission of the application for and acceptance of PLHA grant funds; and WHEREAS, the City has been granted $317,863 for 2019 and $493,778 for 2020, totaling $811,461 in PLHA grant funds. The 2019 PLHA funds must be spent by April 30, 2024; and
WHEREAS, on April 17, 2023, the City Council adopted Resolution 23.-14276 authorizing the City Manager to purchase properties with PLHA funds and transfer the properties to the Housing Authority of the City of Pittsburg (Housing Authority) with the condition that the properties will be rented to Section 8 participants. During the same meeting, the Governing Board of the Housing Authority adopted Resolution 23-366 accepting properties purchased by the City with PLHA funds with the condition that the properties will be rented to Section 8 participants and restrict the properties as affordable housing for 55 years; and
WHEREAS, due to the time it takes for properties to be considered for purchase and the competitive real estate market, authorization to purchase properties is being requested.
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby authorizes the City Manager to purchase properties so long as they meet the following defined criteria:
The property is residential and has up to four bedrooms; A structural pest control inspection report for the property must be available, reviewed by the Chief Building Inspector, and the Chief Building Inspector must determine the condition of the property is acceptable in light of the estimate purchase price;
Staff and Chief Building Inspector must complete a site visit and evaluate the condition of the property and estimated rehabilitation cost; and 236
Resolution No. 23- Page 2 of 2 August 21, 2023
The purchase price, including closing costs and rehabilitation, will not exceed $650,000 in total.
.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21st day of August 2023 by the following votes:
AYES:
NOES:
ABSTAINED:
ABSENT:
Shanelle Scales-Preston, Mayor
ATTEST:
Alice E. Evenson, City Clerk
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Exhibit A
INCOME REPORT
As of February 28 2023
Program Type Public Housing March 01 2022
Level of Information Public Housing Agency within State CA June 30 2023
FAMILIES REPORTED
Distribution by Income
Public
Housing
Agency
Number of
Families
Reported(#)
Average Annual
Income($) $0(%) $1-5000(%)
$5000-
10000(%)
$10000-
15000(%)
$15000-
20000(%)
$20000-
25000(%)
$25000-
30000(%)
$30000-
35000(%)
$35000-
40000(%)
$40000-
45000(%)
$45000-
50000(%)
Above
$50000(%)
CA 261544 20027 3 5 6 39 11 12 6 5 4 3 2 5
CA060 987 24092 5 2 6 32 9 11 7 5 5 5 4 10
Effective Start Date:
Effective End Date:
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OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Candace Hatch, Administrative Coordinator
SUBJECT: Adoption of a City Council Resolution Authorizing the Execution of Second Amendment to Consulting Agreement with 4LEAF, Inc. for Building Inspector and Chief Building Official Services.
MEETING DATE: August 21, 2023
EXECUTIVE SUMMARY
The proposed item would authorize the execution of the Second Amendment to the Consulting Services Agreement (“Second Amendment’) with 4LEAF, Inc. (4LEAF) in an amount not to exceed $250,000. This amount would allocate an additional $175,000 to the existing contract amount of $75,000 for building inspector and chief building official services, as well as extend the contract term.
FISCAL IMPACT
The costs associated with this contract would be covered by salary savings within the Building Division budget due to unfilled positions in the current year and the upcoming fiscal year.
RECOMMENDATION
Staff recommends the City Council adopt the attached Resolution authorizing the City Manager to execute the Second Amendment to the Consulting Services Agreement with 4LEAF, Inc. for building inspector and chief building official services.
BACKGROUND
Building Division permitting and inspections have increased significantly since the launch of the Accela online permitting platform in February 2022, necessitating the need for additional building inspection services. Additionally, the City’s current Chief Building Official of record since 2018, Richard Abono, retired effective June 30, 2023; as such, the City has sought the assistance of a certified Chief Building Official.
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In August 2022, the City executed a contract with 4LEAF in an amount of $50,000 for building inspection and chief building official services. On February 8, 2023, the City and 4LEAF executed the First Amendment to the Consulting Services Agreement (“First Amendment”) to increase the contract amount to $75,000.
SUBCOMMITTEE FINDINGS
The item was not presented to a subcommittee.
STAFF ANALYSIS
Staff recommends the City continue to utilize 4LEAF to continue building inspector and chief building official services. 4LEAF was chosen due to their extensive resources and expertise in building inspection, chief building official, and building code enforcement services. 4LEAF also maintains a staff of numerous certified chief building officials and building inspectors to ensure someone is always available to staff. The term of this agreement would also be extended through Fiscal Year 2024.
The contract would be paid using salary savings within the Building Division budget due to unfilled positions. However, it should be noted that the contract inspector and chief building official may complete “in house” plan checks, reducing the amount spent on outside plan check services and increasing plan check revenues.
ATTACHMENTS:
1. Resolution
2. Second Amendment
3. Consulting Services Agreement and First Amendment
Report Prepared By: Candace Hatch, Administrative Coordinator 240
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Resolution No. 23- Page 1 of 2 August 21, 2023
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter Of:
Authorizing the Execution of a Second ) RESOLUTION NO. 23- Contract Amendment for a Consultant )
Service Agreement with 4LEAF, Inc. )
for Building Inspector and )
Chief Building Official Services )
WHEREAS, Building Division permitting and inspections have increased significantly since the launch of the Accela online permitting platform in February 2022; and WHEREAS, the City of Pittsburg has a need for a building inspector and chief building official services to assist with inspections and to ensure compliance with the California Building Code, California Fire Code, and other model codes adopted; and WHEREAS, the City’s Chief Building Official of record retired, effective June 30, 2023, and as such, the City has sought the assistance of a certified Chief Building Official; and WHEREAS, on August 15, 2022, the City executed a contract with 4LEAF, Inc. in an amount of $50,000 for building inspection and chief building official services; and WHEREAS, on February 8, 2023, the City and 4LEAF, Inc. executed the First Amendment to the Consulting Services Agreement (“First Amendment”) to increase the contract amount to $75,000; and
WHEREAS, the City and 4LEAF, Inc. mutually wish to increase the amount of the Consulting Services Agreement to $250,000 and extend the term of Consulting Services Agreement through Fiscal Year 2024.
NOW, THEREFORE BE IT RESOLVED that the City Council hereby authorizes the City Manager to execute the Second Amendment to the Consulting Services Agreement between the City of Pittsburg and 4LEAF, Inc.
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Resolution No. 23- Page 2 of 2 August 21, 2023 PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21st day of August 2023, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
_____________________________
Shanelle Scales-Preston, Mayor
ATTEST:
______________________________
Alice E. Evenson, City Clerk
243
Second Amendment to Consulting Services Agreement between August 21, 2023 City of Pittsburg and 4LEAF, Inc. Page 1 of 3
SECOND AMENDMENT TO
CONSULTING SERVICES AGREEMENT BETWEEN
CITY OF PITTSBURG
AND 4 LEAF, INC.
This Second Amendment to the Principal Agreement made and entered into on August 15, 2022, hereafter referred to as Agreement, between 4LEAF, Inc., a California Corporation, therein referred to as Consultant, and the City of Pittsburg, a municipal corporation, therein referred to as City, is made and entered into on this 21st day of August, 2023.
WHEREAS, the parties entered into an Agreement for building inspector and chief building official services; and
WHEREAS, the parties desire to extend the duration of an Agreement for on call building inspector and chief building official services and increase the compensation amount accordingly.
NOW, THEREFORE, Consultant and City do mutually agree as follows:
1. Term. Section 1.1 of the Agreement is hereby amended to read as follows:
The term of this Agreement shall begin on the Effective Date and shall end on June 30, 2024 or the date the Consultant completes the services specified in Exhibit A, whichever occurs first, unless the term of the Agreement is otherwise terminated or extended, as referenced herein.
2. Compensation. Section 2 of the Agreement is hereby amended to read as follows: City shall compensate 4LEAF, Inc. for the performance of Services at the rates shown on Exhibit B. City hereby agrees to pay Consultant a sum not to exceed two hundred fifty thousand dollars ($250,000), as set forth in Exhibit A, attached hereto and incorporated herein for services to be performed and reimbursable expenses incurred under the Agreement. This dollar amount is not a guarantee that the City will pay that full amount to the Consultant, but is merely a limit of potential City expenditures under this Agreement.
3. Integration. This Second Amendment contains the entire agreement between the parties with respect to its subject matter and supersedes whatever oral or written understanding they may have had prior to the execution of this Second Amendment.
Second Amendment shall not be amended or modified except by a written agreement executed by each of the parties. Except as specifically revised herein, all terms and conditions of the Agreement shall remain in full force and effect, and Consultant shall perform all duties, obligations and conditions required under the Agreement.
4. Inconsistencies. In the event of any conflict or inconsistency between the provisions of this Second Amendment and the Agreement, the provisions of this Second Amendment shall control in all respects.
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Second Amendment to Consulting Services Agreement between August 21, 2023 City of Pittsburg and 4LEAF, Inc. Page 2 of 3
5. Ambiguities. The parties have each carefully reviewed this Second Amendment and have agreed to each term of this Second Amendment. No ambiguity shall be presumed to be construed against either party.
6. Counterparts. This Second Amendment may be executed by the parties in one or more counterparts all of which collectively shall constitute one document and agreement.
7. Authority. The person signing this Second Amendment for Consultant hereby represents and warrants that he or she is fully authorized to sign this Second Amendment on behalf of Consultant.
The remainder of this page left intentionally blank.
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Second Amendment to Consulting Services Agreement between August 21, 2023 City of Pittsburg and 4LEAF, Inc. Page 3 of 3
IN WITNESS WHEREOF, the parties have entered into this Second Amendment on the day and year first hereinabove appearing.
CONSULTANT:
4LEAF, Inc., a California Corporation
By:
Kevin Duggan, President
CITY:
CITY OF PITTSBURG, a municipal
corporation of the State of California
By:
Garrett Evens, City Manager
ATTEST:
By:
Alice Evenson, City Clerk
APPROVED AS TO FORM:
By:
Donna Mooney, City Attorney
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