CITY OF PITTSBURG
AMENDED AGENDA
SEPTEMBER 15, 2025
CITY HALL COUNCIL CHAMBER
65 CIVIC AVENUE, PITTSBURG, CA
CLOSED SESSION
5:30 PM
REGULAR MEETING
7:00 PM
CITY COUNCIL
PITTSBURG ARTS AND COMMUNITY FOUNDATION
PITTSBURG POWER COMPANY
SOUTHWEST PITTSBURG GEOLOGIC HAZARD ABATEMENT DISTRICT II
SUCCESSOR AGENCY
Jelani Killings, Mayor/Chair
Dionne Adams, Vice-Mayor/Chair
Angelica Lopez, Council Member/Board Member
Juan Antonio Banales, Council Member/Board Member
Arlene Kobata, Council Member/Board Member
FOR HOUSING AUTHORITY:
S.L. Floyd, Housing Authority Member
Annie Hill Herring, Housing Authority Member
Pittsburg City Council regular meetings are held the first and third Mondays of each month at 7:00 p.m. The Housing Authority meets in conjunction with the City Council on the third Monday of each month. The Pittsburg City Council meets regularly in the Council Chamber at 65 Civic Avenue, unless otherwise noted above. The City Council also sits as the Board of Directors of several other City agencies. The stipends for all agency members conform to state statutes governing compensation amounts. All other Agencies meet on an as needed basis and will be listed above if applicable. Copies of the open session agenda packets, which are distributed to the City Council, are on file in the office of the City Clerk, 65 Civic Avenue, Pittsburg, California, and are available for public inspection, beginning 72 hours in advance, during normal business hours (8:00 a.m. – 5:00 p.m., Monday through Friday, except from noon to 1:00 p.m. and City holidays). The agenda and reports are also located on the City’s website at www.pittsburgca.gov. Additionally, if any reports or documents, which are public records, are distributed to the City Council less than 72 hours before the meeting, those reports and documents will also be available for public inspection in the City Clerk’s Office and on the day of the meeting in the Council Chamber at the public counter area below the dais.
AUDIENCE REMARKS
The Audience Remarks period is for the public to comment on any items scheduled to be heard during the Closed Session portion of the meeting, if applicable.
5:30 PM - CONVENE IN CLOSED SESSION
1. CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION pursuant to Section 54956.9(d)(1)
Center for Biological Diversity v. City of Pittsburg et al, Contra Costa County Superior Court, case no. N24-2162
2. CONFERENCE WITH LABOR NEGOTIATORS Pursuant to Section 54957.6:
City designated representatives: Maria Aliotti, Jennifer Brizel, Jordan Davis Employee organization: Pittsburg Police Managers Group
3. PUBLIC EMPLOYMENT Pursuant to Section 54957
City Manager
4. CONFERENCE WITH REAL PROPERTY NEGOTIATORS pursuant to Section 54956.8
Property: 1000 Center Drive APN 086-100-049;-050;-051;-052 City negotiators: Maria Aliotti, Jordan Davis
Negotiating party: Discovery Builders Inc.
Under negotiation: Price and terms of payment
7:00 PM - CONVENE IN OPEN SESSION FOR REGULAR MEETING
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE
PRESENTATIONS
5. Presentation on Temporary Outdoor Food Vendors
PROCLAMATIONS
The standing proclamation(s) were published as part of the agenda. The proclamation(s) will be posted on the City's website and social media accounts as appropriate.
6. Inspire Pittsburg - Pittsburg Kiwanis
7. National Hispanic Heritage Month
CITY MANAGER REPORTS/REMARKS
The City Manager may make brief announcements or informal comments at this time and brief the Council on items of interest. (No Action Required)
PUBLIC COMMENTS
Members of the audience who wish to address the City Council or Agency Boards on issues that are not scheduled for the agenda and on any items listed as part of the Consent Calendar should complete a Speaker's Card available at the dais.
Please read the card carefully in order to fill out the card properly. Submit the completed card to the City Clerk before the item is called, preferably before the meeting begins. Individuals will be given three minutes to address the Council unless additional time is allowed as provided for spokespersons. Prior to speaking, each member of the public shall state their name and business and City of residence in a clear and audible tone of voice. (No Action Required)
COMMITTEE REPORTS
Council Members may make a report on their committee assignments at this time. (see attached list of adhoc committees and other public agencies in which Council members participate). (No Action Required)
PUBLIC HEARING
8. Adoption of a City Council Resolution Approving the 2024-2025 Community Development Block Grant Consolidated Annual Performance and Evaluation Report
The Housing and Community Development Act of 1974, as amended, requires all Community Development Block Grant (CDBG) entitlement jurisdictions to prepare and submit a Consolidated Annual Performance and Evaluation Report (CAPER) to the U.S. Department of Housing and Urban Development (HUD) by September 30th of each year. The CAPER is a “report card” that documents how well the City has met its goals during the period of July 1, 2024 through June 30, 2025 (Program Year) in helping low to moderate income residents of Pittsburg with a variety of services and improvements utilizing CDBG funds.
CONSIDERATION
9. Adoption of a City Council Resolution Authorizing the City Manager to Execute an Intergovernmental Support Agreement with Military Ocean Terminal Concord for Small Construction and Design Services
The Military Ocean Terminal Concord (MOTCO) is seeking the services of the City of Pittsburg (City) for small construction and design services. This resolution will authorize the execution of an Intergovernmental Support Agreement (IGSA) between MOTCO and the City to provide these services.
10. Adoption of a City Council Resolution Authorizing the City Manager to Execute a Cooperative Agreement with East Contra Costa Regional Fee and Financing Authority for Project 2041 – Bailey Road Improvements Phase I The East Contra Costa Regional Fee and Financing Authority (ECCRFFA) supports the establishment and administration of a uniform regional development fee program that funds and implements regional road improvement projects in the East County area. This resolution will authorize the execution of a Cooperative Agreement between ECCRFFA and the City of Pittsburg to fund the design phase for Project 2041 – Bailey Road Improvements Phase I (Project).
CONFLICT OF INTEREST STATEMENT
City Council/Agency Members may make any conflict of interest declarations pertaining to Consent Calendar items at this time.
COMBINED CITY COUNCIL, PITTSBURG ARTS AND COMMUNITY
FOUNDATION, PITTSBURG POWER COMPANY, SOUTHWEST PITTSBURG
GHAD II AND SUCCESSOR AGENCY CONSENT CALENDAR
11. Minutes of August 18, 2025
12. Receive and File the Treasurer’s Report for the Quarter Ending June 30, 2025
Each fiscal quarter, an Investment Summary Report is provided to the City Council for review. The report includes the combined detailed information of the City and the Successor Agency’s (Agency) investments, which are compliant with the City and Agency’s Investment Policies. This Treasurer's Report is for the fiscal quarter ending June 30, 2025.
13. Adoption of a City Council Resolution Designating a Voting Delegate and an Alternate for the League of California Cities 2025 Annual Conference and Expo
Every year, the League of California Cities (Cal Cities) convenes a member- driven General Assembly at the Annual Conference and Expo. The General Assembly is an important opportunity where city officials can directly participate in the development of Cal Cities policies. The City Council must appoint a voting delegate and an alternate.
14. Adoption of a City Council Resolution Authorizing the City Manager to Negotiate and Execute a Contract for Meter Reading Supplies with Badger Meter, Inc.
The City’s water system distributes potable water to approximately 19,690 residential, commercial, industrial, and institutional customers. Public Works crews maintain the water meters and purchase necessary supplies under an annual contract with vendor, Badger Meter. If approved, the resolution will authorize the City Manager to negotiate and execute a contract with Badger Meter for meters and meter reading supplies.
15. Adoption of a City Council Resolution Accepting Project 2029 – Zone 4 Pavement Management as Complete and Authorizing the City Engineer to File a Notice of Completion
Project 2029, Zone 4 Pavement Management (Project) implemented various pavement treatments including overlay, three-layer treatment, cape seal, micro-surfacing, base repair, and crack sealing to rehabilitate local/residential streets. This resolution will accept the construction contract as complete and authorize the City Engineer to file a Notice of Completion.
16. Adoption of a City Council Resolution Authorizing the City Manager to Accept a Community Grant from the United States Environmental Protection Agency and Enter into a Grant Agreement
The City was selected for a $959,752 federal earmark through the House Appropriations Committee and is eligible for receipt of grant funds through the administering party, the United States Environmental Protection Agency (US EPA) under the Safe Drinking Water State Revolving Fund Community Grants Program. The grant-funded project will identify and install alternative power technology to supplement the energy consumption of the City’s Water Treatment Plant (WTP) with off-grid, less expensive energy.
17. Adoption of a City Council Resolution Authorizing Participation in Future Settlements Regarding Nationwide Opioid Litigation Settlements and Directing Funds to Contra Costa County
The City has been receiving payments from settling manufacturers and distributors involved in the Nationwide Opioid Litigation since Fiscal Year 2021-22. Use of the settlement funds is restricted. The City has been notified of additional pending settlement opportunities, requiring a decision on participation to be made in the next two or three weeks. Staff recommends participation in settlements and, where we are given the choice of payee, including settlements we already participate in, directing settlement proceeds to Contra Costa County (the County). The County is better suited to implement behavioral health programs to prevent and treat opioid addiction and in light of the restrictions on the uses of the settlement funds.
18. Adoption of a City Council Resolution Accepting Project 2028 – Crestview Drive Safety Improvements as Complete and Authorizing the City Engineer to File a Notice of Completion
Project 2028 – Crestview Drive Safety Improvements (Project) installed pavement markings, raised medians, and pedestrian crossings at six intersections throughout the City. This resolution will accept the construction contract as complete and authorize the City Engineer to file a Notice of Completion.
19. Adoption of a City Council Resolution Accepting the Plans and Specifications and Awarding Project 3333 – California Theatre Restroom
Project 3333 – California Theatre Restroom (Project) is for the construction of an accessible backstage restroom for the California Theatre. Adoption of this resolution will accept the Project plans and specifications and award a construction contract to N G Builder Company.
20. Adoption of a City Council Resolution Accepting Project 2038 – Citywide Roadway Improvements as Complete and Authorizing the City Engineer to File a Notice of Completion
Project 2038 – Citywide Roadway Improvements (Project) installed and upgraded traffic advisory signs with new fluorescent sheeting, replaced damaged poles, and relocated existing signage to locations compliant with the Manual on Uniform Traffic Control Devices (MUTCD). This resolution will accept the construction contract as complete and authorize the City Engineer to file a Notice of Completion.
21. Adoption of a City Council Resolution Accepting the Military Equipment Annual Report, Determining the Use of Equipment Complied with Policy 706, and Determining that Policy 706 will Continue
State law requires the Police Department to provide the City Council with an annual report on military equipment use. On review of the report, the City Council determines whether use of the equipment complied with existing policy, and whether to continue with the policy or make any changes.
22. Adoption of a City Council Resolution Appointing Maria Aliotti as Interim City Manager
The proposed action adopts a Resolution appointing Maria Aliotti as Interim City Manager.
23. Adoption of a Pittsburg Power Company Resolution Approving the 2024 Annual Power Source Disclosure Report to the California Energy Commission California Public Utilities Code Section 398.1 requires all retail suppliers of electricity products to file an annual report with the California Energy Commission (CEC) disclosing resources or fuel types of power procured and sold to end-use customers. Pittsburg Power Company (PPC) provides electricity retail service on Mare Island, Vallejo, under the name of Island Energy (IE) and is required by law to disclose the sources of its energy procurement and sales to its end users on Mare Island. The CEC requires the Governing Board of PPC to approve its 2024 Annual Power Source Disclosure (PSD) Report.
COUNCIL REQUEST FOR FUTURE AGENDA ITEMS
Council Members may request items to be considered for future agendas. An item will only be brought forward with a majority vote and will appear on a future agenda with staff recommendations for further Council consideration.
COUNCIL MEMBER REMARKS
Council Members may make brief announcements or informal comments at this time. (No Action Required)
ADJOURNMENT TO OCTOBER 6, 2025
NOTICE TO PUBLIC
GENERAL INFORMATION
Copies of the open session agenda packets, as distributed to the City Council, are on file in the office of the City Clerk, 65 Civic Avenue, Pittsburg, California, and are available for public inspection, beginning 72 hours in advance, during normal business hours (8:00 a.m. – 5:00 p.m., Monday through Friday, except City holidays). Full agenda packets are also located on the City’s website at www.pittsburgca.gov. If any reports or documents, which are public records, are distributed to the City Council less than 72 hours before the meeting, those reports or documents will be available for public inspection in the City Clerk’s Office and on the day of the meeting in the Council Chamber at the public counter area below the dais.
SPEAKER’S CARD
Members of the audience who wish to address the City Council on issues that are not scheduled for the agenda and on any items listed as part of the agenda should complete a Speaker’s Card available at the dais. Please read the card carefully in order to fill out the card properly. Submit the completed card to the City Clerk before the item is called, preferably before the meeting begins.
Individuals will be given up to three minutes to address the Council unless additional time is allowed as provided for spokespersons. Speakers are not permitted to yield their time to another speaker. Prior to speaking, each member of the public shall state their name and business and City of residence in a clear and audible tone of voice. Pursuant to the Brown Act, no action may be taken by the City Council on items not already scheduled on the agenda; however, the City Council may refer your comments/concerns to staff or request that the item be placed on a future agenda.
PUBLIC HEARINGS
Persons who wish to speak on Public Hearings listed on the agenda will be heard when the Public Hearing is opened, except on Public Hearing items previously heard and closed to public comment. After the public has commented, the item is closed to public comment and brought to the Council/Agency level for discussion and action. Further comment from the audience will not be received unless requested by the Council/Agency.
There is a 90-day limit for the filing of a challenge in the Superior Court to certain City administrative decisions and orders which require a hearing by law, the receipt of evidence, and the exercise of discretion. The 90-day limit begins on the date the decision is final (Code of Civil Procedure Section 1094.6). Further, if you challenge an action taken by the City Council in court, you may be limited, by California law, including but not limited to Government Code Section 65009, to raising only those issues you or someone else raised in the public hearing, or in written correspondence delivered to the City Council prior to or at the public hearing. The City Council may be requested to reconsider a decision if the request is made prior to the next City Council meeting, regardless of whether it is a regular or special meeting.
NOTICE TO THE DISABLED AND VISUALLY OR HEARING IMPAIRED In compliance with the Americans with Disabilities Act, the City of Pittsburg will provide special assistance for disabled residents.
Upon request, an agenda for any meeting shall be made available in appropriate alternative formats. The Council Chamber is equipped with sound amplifier units for use by the hearing impaired. The units operate in conjunction with the Chamber’s sound system. You may request the sound amplifier from the City Clerk for personal use during Council meetings. If you need special assistance to participate in this meeting, or are requesting a specially formatted agenda, please contact the City Clerk at (925) 252- 4850. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting or provide the requested agenda format. (28 CFR 35.102-35.104 ADA Title II)
DISRUPTIVE CONDUCT
The Council requests that you observe the order and decorum of our Council Chamber by turning off or setting to vibrate all cellular telephones and electronic devices, and that you refrain from making personal, impertinent, or slanderous remarks.
Boisterous and disruptive behavior while the Council is in session, and the display of signs in a manner which violates the rights of others or prevents others from watching or fully participating in the Council meeting, is a violation of our Municipal Code and any person who engages in such conduct can be ordered to leave the Council Chamber by the Mayor.
LIVE MEDIA BROADCASTING ADVISEMENT
City Council meetings are webcast live on the City’s website at www.pittsburgca.gov on the Agendas and Live Meetings page.
Past meetings and approved minutes are also archived on that webpage. Watch the live meeting via the City’s webcast (www.pittsburgca.gov - Agendas and Live Meetings), on Comcast Channel 24 Delta TV, AT&T U-Verse Channel 99 Delta TV.
Contact the City Clerk’s office at (925) 252-4850 for more information
City Council Agency/Liaison/Subcommittee Assignments as of July 21, 2025
OUTSIDE AGENCY BOARDS COUNCIL MEMBER(S) TYPE MEETS TIME STAFF ABAG Dionne Adams / Jelani Killings (Alt.) Standing Annual G. Evans Delta Diablo* Jelani Killings / Arlene Kobata (Alt.) Standing 2nd Wednesday 4:30 PM J. Samuelson East Co. Co. County Habitat Conservancy Arlene Kobata / Juan Banales (Alt.) Standing 4th Monday (Bi-Monthly) 2:00 PM J. Davis East County Water Management Juan Banales / Jelani Killings (Alt.) Standing Bi-Annual 1:00 PM J. Samuelson MCE Clean Energy Board Arlene Kobata / Angelica Lopez (Alt.) Standing 3rd Thursday 6:30 PM D. Buchanan TRANSPLAN / ECCRFFA Juan Banales / Dionne Adams (Alt.) Standing 2nd Thursday 6:30 PM J. Samuelson Tri-Delta Transit (2 reps)** Angelica Lopez & Dionne Adams / Jelani Killings (Alt.) Standing 4th Wednesday 4:00 PM J. Samuelson
LIASISON COUNCIL MEMBER(S) TYPE MEETS TIME STAFF
East Bay League of California Cities Jelani Killings / Dionne Adams (Alt.) Standing 3rd Thursday G. Evans Green Empowerment Zone Arlene Kobata / Jelani Killings (Alt.) Standing 3rd Friday (Bi-Monthly) 9:30 AM J. Davis Los Medanos Health Advisory Committee Arlene Kobata & Jelani Killings Ad Hoc As needed M. Aliotti Mayor’s Conference Jelani Killings / Dionne Adams (Alt.) Standing 1st Thursday 6:30 PM G. Evans Pittsburg Police Activities League (PAL) Arlene Kobata & Angelica Lopez / Dionne Adams (Alt.) Standing Monthly S. Albanese School Districts Committee (2x2) Jelani Killings & Angelica Lopez / Juan Banales (Alt.) Standing Quarterly M. Aliotti
SUBCOMMITTEES COUNCIL MEMBER(S) TYPE MEETS TIME STAFF
Community and Economic Development Jelani Killings & Dionne Adams / Angelica Lopez (Alt.) Standing 2nd Wednesday 5:30 PM J. Davis Development Agreement Jelani Killings & Dionne Adams Ad Hoc As needed J. Davis Finance Management Juan Banales & Jelani Killings / Dionne Adams (Alt.) Standing 3rd Friday 5:00 PM P. Rodrigues Infrastructure and Transportation Juan Banales & Dionne Adams / Angelica Lopez (Alt.) Standing 4th Thursday 5:30 PM J. Samuelson Tenant Protections Juan Banales & Angelica Lopez Ad Hoc As needed S. Bellafronte Life Enrichment Dionne Adams & Angelica Lopez / Arlene Kobata (Alt.) Standing 3rd Wednesday 5:30 PM K. Simonton Pittsburg Arts and Community Foundation Angelica Lopez & Jelani Killings Standing As needed K. Simonton Public Safety Arlene Kobata & Angelica Lopez / Jelani Killings (Alt.) Standing 1st Wednesday 5:30 PM S. Albanese *Stipend of $170 per month
** Stipend of 100 per month
NATIONAL HISPANIC HERITAGE MONTH
September 15-October 15, 2025
WHEREAS, Hispanic Heritage Month is from September 15 to October 15 and is an annual celebration of the history and culture of the U.S. Latin and Hispanic communities; and WHEREAS, the theme for 2025 is “Collective Heritage: Honoring the Past, Inspiring the Future”; and
WHEREAS, we celebrate this month to recognize the achievements and contributions of Hispanic American champions who have inspired others to achieve success that better our future; and
WHEREAS, the City of Pittsburg recognizes the importance of the influence and contributions of the Hispanic heritage and we are honored that it helps shape our community’s future together.
NOW, THEREFORE, I, Jelani Killings, on behalf of the City Council of the City of Pittsburg, do hereby proclaim the days of September 15 through October 15, 2025, as “National Hispanic Heritage Month” and encourage all residents to honor this observance with programs, activities, and ceremonies to learn and promote the Latino-Hispanic contributions.
____________________________________________________________________________________________________________________________________________________ Alice E. Evenson, City Clerk
____________________________________________________________________________________________________________________________________________________ Jelani Killings, Mayor
OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Maria M. Aliotti - Interim City Manager
SUBJECT: Adoption of a City Council Resolution Approving the 2024- 2025 Community Development Block Grant Consolidated
Annual Performance and Evaluation Report
MEETING DATE: September 15, 2025
EXECUTIVE SUMMARY
The Housing and Community Development Act of 1974, as amended, requires all Community Development Block Grant (CDBG) entitlement jurisdictions to prepare and submit a Consolidated Annual Performance and Evaluation Report (CAPER) to the U.S.
Department of Housing and Urban Development (HUD) by September 30th of each year. The CAPER is a “report card” that documents how well the City has met its goals during the period of July 1, 2024 through June 30, 2025 (Program Year) in helping low to moderate income residents of Pittsburg with a variety of services and improvements utilizing CDBG funds.
FISCAL IMPACT
The CDBG program is a federally funded program. Activities and staffing expenses associated with the program are paid by HUD.
RECOMMENDATION
City Council open the public hearing, consider the 2024-2025 CAPER, receive testimony, close the public hearing, consider the public comments, and adopt a Resolution approving the 2024-2025 CAPER for submission to HUD.
BACKGROUND
HUD regulations require the City to submit the CAPER to report on the CDBG activities and programs undertaken during the Program Year. These activities were previously approved on May 06, 2024 by Resolution 24-14462 in the 2024-2025 Annual Action Plan.
The CAPER provides a concise summary of the CDBG funding available and expended in the Program Year. These monies funded activities and programs that address the priority needs and specific objectives identified in the Contra Costa Consortium 2020- 2025 Consolidated Plan (2020-2025 Consolidated Plan) and those that met the national objectives and community development goals.
As required, the CAPER consists of specific program narratives, an assessment of annual performance, and an assessment of progress toward meeting goals and objectives contained in the 2020-2025 Consolidated Plan. In addition, the CAPER provides the number of people assisted with CDBG funding in the Program Year, amount of funds budgeted and used for approved activities and programs, and actions by the City to affirmatively further local and Contra Costa County Consortium objectives.
SUBCOMMITTEE FINDINGS
The CAPER for fiscal year 2024-2025 was discussed and reviewed at the Life Enrichment Subcommittee meeting on August 20, 2025.
STAFF ANALYSIS
The preparation of the CAPER consists of an analysis of the year-end reports submitted by the subrecipients. These reports provide a summary of each subrecipient’s program goals accomplished, problems encountered, and success stories.
Activities undertaken during the Program Year consist of the following:
• $112,087 was expended by four (4) organizations funded under the Public Services category. The Public Service activities included programs providing meals for the homeless and low-income persons, medical care for the homeless and people without medical insurance, and community gardens providing fresh produce to low-income families. A total of 3,594 low-income residents were served and 1,900 meals were served.
• $65,707 was expended towards Economic Development activities that provided job training and placement along with programs that assist micro-enterprises.
Under this category, 37 people received job training and 3 were placed in administrative positions. In addition, 18 people opened and expanded childcare
services.
• A total of $838,496 in CDBG funds were expended on Infrastructure and Public Facilities improvements, which included the installation of 38 curb ramps in target areas to enhance accessibility. This also included Roadway Safety Improvement Projects, for which $162,374 was allocated in FY 2022-2023 and $200,000 was allocated in FY 2023-2024. While the funds were allocated in those program years, the projects were completed in the current reporting year.
• In Fiscal Year 2024-2025, two housing rehabilitation loans were approved under the Housing Rehabilitation Program. One project was completed during the fiscal year, while the other is pending final completion by a different contractor due to unforeseen issues. In addition, two other loan applications were reviewed but denied, as the proposed rehabilitation work did not meet HUD eligibility criteria.
• $128,380 was expended for Program Administration and Community Planning.
The City utilized its CDBG funds to assist low to moderate income residents. The targeted total persons or households to be served were 1,950 during the Program Year.
At year-end, a total of 2,296 individuals or households were served. Community Development Block Grant (CDBG) funds enable the City to foster a more livable, functional, and attractive community for all residents.
As required, the public comment period commenced on August 29, 2025, and ended on September 14, 2025. Copies of the draft 2024-2025 CAPER were made available for review online on the City’s website. Interested parties were encouraged to send comments on the draft 2024-2025 CAPER during the comment period.
ATTACHMENTS: Resolution
Draft CAPER
Report Prepared By: Ishani Rasanayagam, Administrative Analyst II
Resolution No. 25- Page 1 of 2 September 15, 2025
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Approving the 2024-2025 Community )
Development Block Grant Consolidated ) RESOLUTION NO. 25- Annual Performance and Evaluation Report )
WHEREAS, the Housing and Community Development Act of 1974, as amended, requires all Community Development Block Grant (CDBG) entitlement jurisdictions to prepare and submit a Consolidated Annual Performance and Evaluation Report (CAPER) to the U.S. Department of Housing and Urban Development (HUD) by September 30th of each year; and
WHEREAS, the CAPER is a “report card” that documents how well the City met its goals during the period of July 1, 2024 through June 30, 2025 (Program Year) in helping low income residents of Pittsburg with a variety of services and improvements utilizing CDBG funds; and
WHEREAS, the CAPER provides a concise summary of the CDBG funding available and expended in the Program Year; and
WHEREAS, these monies funded activities and programs that address the priority needs and specific objectives identified in the Contra Costa Consortium 2020-2025 Consolidated Plan (2020-2025 Consolidated Plan) and those that met the national objectives and community development goals; and
WHEREAS, the CAPER consists of specific program narratives, an assessment of annual performance, and an assessment of progress toward meeting goals and objectives contained in the 2020-2025 Consolidated Plan; and
WHEREAS, the CAPER provides the number of people assisted with CDBG funding in the Program Year, amount of funds budgeted and expended for approved activities and programs, and actions by the City to affirmatively further local and Contra Costa County Consortium objectives; and
WHEREAS, the City complied with public participation requirements by soliciting comments and holding a public hearing on September 15, 2025; and
WHEREAS, the City will submit a final version of the CAPER, incorporating all public comments received to HUD on or before September 30, 2025.
Resolution No. 25- Page 2 of 2 September 15, 2025
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Pittsburg hereby approves the 2024-2025 CAPER.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 15th day of September 2025, by the following vote
AYES:
NOES:
ABSTAINED:
ABSENT:
__________________
Jelani Killings, Mayor
ATTEST BY:
_______
Alice E. Evenson, City Clerk
CAPER 1
OMB Control No: 2506-0117 (exp. 09/30/2021)
2024-2025
Community Development
Block Grant
Consolidated
Annual Performance
and Evaluation Report
City of Pittsburg
65 Civic Avenue
Pittsburg, CA 94565
Duns Number: 1979275128
SUBMITTED TO HUD ON SEPTEMBER 30, 2025
Public Review and Comment Period:
August 29– September 14, 2025
CAPER 2
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-05 - Goals and Outcomes
Progress the jurisdiction has made in carrying out its strategic plan and its action plan. 91.520(a)
This could be an overview that includes major initiatives and highlights that were proposed and executed throughout the program year.
This Consolidated Annual Performance and Evaluation Report (CAPER) covers the accomplishments under the Community Development Block Grant (CDBG) program for the period of July 1, 2024 to June 30, 2025 (Program Year). It is the City’s goal to utilize CDBG funds to improve the quality of life for Pittsburg residents; especially the low and moderate income population.
Activities undertaken during the Program Year consists of the following:
• $112,087 was expended by four (4) agencies funded under the Public Services category. The Public Service activities included programs providing meals for the homeless and low income persons, medical care for the homeless and people without medical insurance, and community gardens providing fresh produce to low income families. A total of 3,594 low income residents were served and over 1,900 meals were served.
• $65,707 was expended by three (3) organizations funded under Economic Development.
Activities included the provision of job training and placement along with programs that assist micro-enterprises. Under this category, 37 people received job training and 3 were placed in administrative positions. In addition, 18 persons opened and expanded childcare services
• $838,496 was expended towards Infrastructure and Public Facilities improvements.
In FY 2022–2023, the Engineering Department was awarded $200,000 in CDBG funding for Citywide Roadway Safety Improvements, with the project identified for Crestview Drive. The project did not move forward during the program year due to lingering impacts of COVID-19, supply chain challenges, and staff turnover. The City requested and received HUD approval to roll over the project into FY 2023–2024.
In FY 2023–2024, the Engineering Department was awarded an additional $162,374 for roadway safety improvements. However, the same challenges persisted, preventing the project from advancing. The City requested and received HUD approval to roll over the funding from both FY 2022–2023 and FY 2023–2024 into FY 2024–2025.
In FY 2024–2025, the Engineering Department was awarded $202,184 for roadway safety improvements on Linscheid Drive. Based on the prior implementation challenges, the City completed a budget revision to reallocate all funds toward staff time, design, construction, and other related pre-construction costs to allow the project to begin moving forward.
As of the close of FY 2024–2025, all funds awarded for roadway safety improvements in FY 2022–2023, FY 2023–2024, and FY 2024–2025 have been fully expended. The projects included the construction of rapid flashing beacons, medians at 3 intersections, replacing traffic circle to a more permanent structure, bulbouts, 2 crosswalks and improvements on striping and pavement
CAPER 3
OMB Control No: 2506-0117 (exp. 09/30/2021)
markings. For the roadway safety improvements on Linscheid Drive, the City has completed the design phase for three roundabouts so far. This project is expected to be completed in January 2025.
In FY 2024–2025, the Engineering Department was awarded $273,938 in CDBG funding for the ADA Ramp Project. This project was successfully completed on time and within budget, without any implementation challenges.The project included the construction of 38 ADA ramps at HUD designated census tracts locations.
In FY 2024–2025, two Housing Rehabilitation Loans were approved under the City’s Housing Rehabilitation Loan Program. One loan was successfully completed within the fiscal year. The second loan encountered challenges when the selected contractor was unable to complete the project; the homeowner is currently seeking a different contractor to finish the work.
During the same fiscal year, two additional loan applications were reviewed but denied, as the proposed repairs did not meet the program’s criteria for urgent housing needs. $128,380 was expended for Program Administration and Planning.
The City utilized its CDBG funds to assist low to moderate income residents throughout the Program Year. The targeted total persons or households to be served were 1,950 during the Program Year. The year-end total number of persons or households actually served were 2,296. Additionally, the goal was to serve 1,600 meals, but 1,900 meals were actually provided. These outcomes reflect the City’s commitment to using CDBG funds to build a more livable, functional, and attractive community for all residents.
CAPER 4
OMB Control No: 2506-0117 (exp. 09/30/2021)
Table 2 - Accomplishments - Strategic Plan to Date
Goal Category Source /
Amount
Indicator Unit of
Measure
Expected
–
Strategic
Plan
Actual –
Strategic
Plan
Percent
Complete
AH-1: Increase Affordable
Rental Housing Supply
Affordable
Housing CDBG: $ Rental units constructed Household
Housing Unit 0 0
AH-1: Increase Affordable
Rental Housing Supply
Affordable
Housing CDBG: $ Rental units rehabilitated Household
Housing Unit 0 0
AH-2: Increase Affordable
Supportive Housing
Affordable
Housing CDBG: $ Rental units constructed Household
Housing Unit 0 0
AH-2: Increase Affordable
Supportive Housing
Affordable
Housing CDBG: $ Rental units rehabilitated Household
Housing Unit 0 0
AH-3: Maintain and
Preserve Affordable
Housing
Affordable
Housing
CDBG: $ /
Successor
Agency: $
Homeowner Housing Rehabilitated Household
Housing Unit 10 4 40%
CAPER 5
OMB Control No: 2506-0117 (exp. 09/30/2021)
AH-3: Maintain and
Preserve Affordable
Housing
Affordable
Housing
CDBG: $ /
Successor
Agency: $
Housing Code Enforcement/Foreclosed
Property Care
Household
Housing Unit 0 0
CD-1: General Public
Services
Non-Housing
Community
Development
CDBG: $ Public service activities other than
Low/Moderate Income Housing Benefit
Persons
Assisted 3,460 4,094 100%
CD-2: Non-Homeless
Special Needs
Non-Homeless
Special Needs CDBG: $ Public service activities other than Low/Moderate Income Housing Benefit
Persons
Assisted 0 0
CD-3: Youth
Non-Housing
Community
Development
CDBG: $ Public service activities other than
Low/Moderate Income Housing Benefit
Persons
Assisted 0 0
CD-4: Fair Housing
Non-Housing
Community
Development
CDBG: $ Other Other 10 11 10%
CD-5:Tenant/Landlord
Counseling
Non-Housing
Community
Development
CDBG: $ Other Other 45 33 -26.7%
CD-6: Economic
Development
Non-Housing
Community
Development
CDBG: $ Jobs created/retained Jobs 15 21 40%
CD-6: Economic
Development
Non-Housing
Community
Development
CDBG: $ Businesses assisted Businesses
Assisted 20 37 85%
CD-7: Infrastructure and
Accessibility
Non-Housing
Community
Development
CDBG: $
Public Facility or Infrastructure Activities
other than Low/Moderate Income Housing
Benefit
Persons
Assisted 13,645 13,645 100%
CD-8: Administration
Non-Housing
Community
Development
CDBG: $ /
Successor
Agency: $
Other Other $128,350 $128,350 100%
CAPER 6
OMB Control No: 2506-0117 (exp. 09/30/2021)
H-1: Permanent Housing
for the Homeless Homeless CDBG: $ Homeless Person Overnight Shelter Persons Assisted 0 0
H-1: Permanent Housing
for the Homeless Homeless CDBG: $ Other Other 0 0
CAPER 7
OMB Control No: 2506-0117 (exp. 09/30/2021)
Assess how the jurisdiction’s use of funds, particularly CDBG, addresses the priorities and specific objectives identified in the plan, giving special attention to the highest priority activities identified.
The 2020-2025 Consolidated Plan identifies a list of housing and community development needs. A Strategic Plan was produced to establish the priority of needs and objectives specific to Pittsburg. The objectives are intended to meet the identified priority needs. There were three priority needs category identified in the 2020-2025 Consolidated Plan:
• Affordable Housing – It is a priority to maintain and preserve the existing affordable housing stock, including single family residences owned and occupied by lower-income households, multi-family units at risk of loss to the market, and housing in deteriorating or deteriorated lower income neighborhoods.
The purpose of addressing a community’s non-housing needs, in addition to its housing needs, is to help create more livable, better functioning, and more attractive communities by integrating economic, physical, environmental, community, and human development programs in a comprehensive and coordinated fashion so that families and communities can thrive while working together.
CR-10 - Racial and Ethnic composition of families assisted
Describe the families assisted (including the racial and ethnic status of families assisted). 91.520(a)
CDBG
White 336
Black or African American 39
Asian 34
American Indian or American Native 0
Native Hawaiian or Other Pacific Islander 11
Total 420
Hispanic 336
Not Hispanic 463
Table 1 – Table of assistance to racial and ethnic populations by source of funds Narrative
Limited English Proficiency (LEP) - In order to better serve Pittsburg’s LEP residents, the City has a Language Assistance Plan (LAP). The LAP was updated in 2017 to encourage involvement and participation by LEP persons in programs or activities that are HUD funded.
According to the 2023 American Factfinder Community Survey, approximately 20% of Pittsburg’s population is Asian. However, the individual percentages of the ethnicities that make up the Asian category are less than 5%, with the exception of the Filipino community. Hispanic
CAPER 8
OMB Control No: 2506-0117 (exp. 09/30/2021)
and Latino individuals make up 44% of the community. Staff solicits participation during the CAPER, Consolidated Plan and Annual Action Plan process by posting the public hearing notices in English, Spanish and Tagalog.
CR-15 - Resources and Investments 91.520(a)
Identify the resources made available
Source of Funds Source Resources Made
Available
Amount Expended
During Program
Year
CDBG public - federal 641,748 640,971
Other public - state 150,000 49,337
Table 2 - Resources Made Available
Narrative
The subrecipients fully utilized the funds allocated to them. However, the Infrastructure project— Road Safety Improvement—faced challenges, including delays in the design process and receiving non-qualifying bids. The project was re-bid, and a qualifying bidder was selected, with the bid receiving approval at the City Council meeting on August 5th, 2024.
Identify the geographic distribution and location of investments Target Area Planned Percentage
of Allocation
Actual Percentage
of Allocation
Narrative
Description
City of Pittsburg 100 100 City
Table 3 – Identify the geographic distribution and location of investments
Narrative
The City leverages Federal, State, and local resources to the greatest extent feasible to assists with the needs identified in the 2020-2025 Consolidated Plan.
The City’s Police Department received the following grants which enables the City to carry out a wide range of community development activities directed toward revitalizing neighborhoods and developing viable urban communities by providing a suitable living environment for low- and moderate-income households.
• CHP Cannabis Tax Grant - $52,000
• Office of Traffic Safety - $150,000 • US Department of Justice Assistance - JAG - $37,029 • Board of State and Community Corrections – Officer Wellness and Mental Health Grant Program - $62,485
• Tobacco - $687,963 - funds one Police Officer for tobacco enforcement for a period of 36 months
CAPER 9
OMB Control No: 2506-0117 (exp. 09/30/2021)
The Police Department applied for the following grants and the decision from the granting authority is still pending.
• ABC (Alcohol Beverage Prevention and Education Enforcement) - $86,554 • California Department of Justice Tobacco Enforcement Grant - $86,554 The City’s Environmental Services Department received a $16,037 grant to support the administration of the Local Enforcement Agency (LEA). The funding covered staff time, equipment, and training.
In addition, the City of Pittsburg was awarded a $14,500 MPA Risk Safety Grant to launch a safety and wellness campaign aimed at reducing workplace injuries and workers’ compensation leave. This initiative includes training, wellness programs, and employee ecognition.
Additionally, the department has secured a total of $7,199,969 in grant funding for a range of projects. These funds are from the following sources:
• CalRecycle Local Enforcement Agency
• CalRecycle Used Oil
• CalRecycle SB 1383 OWR3
• CalRecycle Beverage Container Recycling Grant
• US EPA Brownfield Multipurpose
• Delta Conservancy Prop 68 Planning
• Delta Conservancy Climate, Access, Resilience (CAR) Grant • MCE Rebates & CCTA grant funding (a)
Charge!
• Energy Efficiency and Conservation Block Grant Program • ECRG Round 1
• DOE Energy Efficiency & Conservation Block Grant Program • Department of Boating & Waterways Pump Out Grant (Marina Division) Funds are being utilized for initiatives such as the installation of EV chargers, the reduction of greenhouse gas (GHG) emissions, and efforts to enhance coastal resilience at the Marina, among other sustainability and environmental projects. A total of $3.3 Million was invested in the Railroad Avenue beautification projects recently completed, of which $2.9 million for improvements were funded by a Caltrans grant. This beautification project will directly impact underserved communities of color in Pittsburg. These improvements include a park and landscape improvements in underdeveloped open areas, repairs to aging street medians, and the creation of a natural walking corridor.
Leveraging
Explain how federal funds leveraged additional resources (private, state and local funds), including a description of how matching requirements were satisfied, as well as how any publicly owned land or property located within the jurisdiction that were used to
CAPER 10
OMB Control No: 2506-0117 (exp. 09/30/2021)
address the needs identified in the plan.
The City of Pittsburg’s 5-Year Capital Improvement Program (CIP) is a multi-year planning instrument for construction of new facilities and infrastructure, and for the expansion, rehabilitation, or replacement of existing City-owned assets. The 5-Year CIP is developed by City Staff and is adopted by the City Council as a guide for prioritization of various projects to accomplish community goals. The CIP is updated regularly to reflect changing priorities and funding availability, and to remove projects that have been completed.
This 5-Year CIP for Fiscal Year (FY) 2024/25 through FY 2028/29 includes 64 current or new projects with a total estimated cost of $564,781,372 for the benefit of the residents of Pittsburg, and projects proposed by Pittsburg Power Company at the Island Energy facility on Mare Island in Vallejo. Each of the proposed projects meets one or more of the following criteria:
• Elimination of potentially hazardous or unsafe conditions and potential liability • Replacement of high-maintenance, inefficient or ineffective infrastructure • Improvement to and/or creation of new services to the public • Outside agency regulatory requirements and mandates
• Stimulation of the local economy/ elimination of blighted conditions • Compliance with the City of Pittsburg General Plan
• Preservation of existing assets
The schedule and prioritization of CIP projects are based on available funding, public benefit, and funding restrictions. Staff has solicited comments from department management and other City staff to evaluate projects proposed for inclusion in the CIP. All of the projects on the list have been evaluated and ranked. Funding that is proposed for the projects listed are according to their priority ranking or available funding. Staff obtains funding projections and available funding for current and future projects from the City’s Finance Department and applies them to the CIP accordingly. These projects will receive further evaluation in the next 5-Year CIP update planned for FY 2025/26.
CR-20 - Affordable Housing 91.520(b)
Evaluation of the jurisdiction's progress in providing affordable housing, including the number and types of families served, the number of extremely low-income, low-income, moderate-income, and middle-income persons served.
One-Year Goal Actual
Number of Homeless households to be
provided affordable housing units 0 0
Number of Non-Homeless households
to be provided affordable housing units 0 0
Number of Special-Needs households to
be provided affordable housing units 0 0
Total 0 0
CAPER 11
OMB Control No: 2506-0117 (exp. 09/30/2021)
Table 4 – Number of Households
One-Year Goal Actual
Number of households supported
through Rental Assistance 0 0
Number of households supported
through The Production of New Units 0 0
Number of households supported
through Rehab of Existing Units 5 2
Number of households supported
through Acquisition of Existing Units 0 0
Total 5 2
Table 5 – Number of Households Supported
Discuss the difference between goals and outcomes and problems encountered in meeting these goals.
In an effort to produce affordable housing, Pittsburg is part of the HOME Consortium with Contra Costa County. The purpose of the HOME program is to expand the supply of decent, safe, sanitary, and affordable housing for very low and low-income households. HOME funds may be used for projects to acquire, rehabilitate, and construct housing for lower-income households in the Consortium area. HOME funds cannot be used for half-way houses or student housing. HOME funds are typically only eligible for new HOME projects. Except in rare circumstances, it is not permissible to invest additional HOME funding during the HOME affordability term into a project that has previously been awarded funds. The HUD HOME term for new construction projects is 20 years and up to 15 years for acquisition/rehabilitation projects.
Goals:
1) Increase Affordable Rental Housing Supply. Expand housing opportunities for extremely low-income, very low-income, and low-income households by increasing the supply of decent, safe, and affordable rental housing.
The Atchison Mixed-Use Development Project was mentioned in the CAPER for FY 2023-2024 since it was under construction. The development consists of 202 residential units and 13,669 square feet of commercial space and has 100 apartment units for very low-income households earning 50% of area median income (AMI) and 100 units for low-income households earning 70% of AMI. The remaining two units will be occupied by property managers. Apartment rents range from $1,085 to $1,867 for a studio; $1,411 to $1,995 for a one-bedroom unit; and $1,395 to $2,382 for a two-bedroom unit. There is currently one apartment available, a one-bedroom unit.
CAPER 12
OMB Control No: 2506-0117 (exp. 09/30/2021)
The City is preparing to issue a Request for Proposal (RFP) for the Bliss Avenue Development.
This RFP includes that 25% of the 300 residential units be restricted to be affordable units.
The City is also partnering with HOPE Solutions on the construction of HOPE Village, a transitional housing project for young adults (TAY) aged 18–25, consisting of 14–17 units. The City plans to provide a forgivable loan using Housing Successor Agency funds to support the project
Accessory Dwelling Units (ADUs), are a growing strategy in Pittsburg to expand the supply of affordable housing. ADUs can be built on existing single-family properties, either as detached units, garage conversions, or additions to the main home. For low-income families, ADUs can provide an affordable rental option in established neighborhoods, often at lower costs than traditional apartments. They also create opportunities for homeowners to generate rental income, which can help stabilize household finances and prevent foreclosure or displacement.
By increasing the number of smaller, more affordable housing units within the community, ADUs can play a key role in addressing Pittsburg’s housing shortage and supporting families with limited incomes.
2) Increase Affordable Supportive Housing Supply. Expand housing opportunities for persons with special needs, including seniors, persons with disabilities, persons with HIV/AIDS, veterans, and the homeless, by increasing appropriate and supportive housing.
Discuss how these outcomes will impact future annual action plans.
The City currently has a dedicated Coordinated Outreach Referral and Engagement (CORE) team. Managed by the County, CORE is a critical program that provides direct outreach and engagement services to unsheltered individuals. This program has a team of two staff members who are specifically assigned to serve the Pittsburg community. These staff members are available Monday through Friday, from 8:00 AM to 4:00 PM, ensuring consistent and reliable support for individuals in need. Their presence during these hours allows them to engage directly with the community, providing essential outreach services, connecting people with resources, and addressing urgent needs as they arise. Building on the program's success in 2023-2024 and 2024-2025, the City is using funds from the 2021 and 2022 PLHA entitlement to support a three-year contract with the CORE Program.
A portion of the Bliss Avenue project is designed to benefit low-income residents by increasing access to affordable housing. This initiative will provide housing options for individuals and families of various income levels; from those who may struggling to find affordable places to live to those who are able to afford market rate housing but do not want the maintenance responsibilities. By focusing on creating sustainable, quality homes, the project aims to address the housing needs in our community. The Bliss Avenue project not only helps residents secure stable, affordable housing but also contributes to the overall revitalization of the area, fostering a more inclusive and supportive neighborhood for all.
Include the number of extremely low-income, low-income, and moderate-income persons
CAPER 13
OMB Control No: 2506-0117 (exp. 09/30/2021)
served by each activity where information on income by family size is required to determine the eligibility of the activity.
Number of Households Served CDBG Actual HOME Actual
Extremely Low-income 374 0
Low-income 75 0
Moderate-income 40 0
Total 489 0
Table 6 – Number of Households Served
Narrative Information
Fortunately, Pittsburg has its own Housing Authority that can help in meeting the needs for affordable housing. HUD requires that extremely low income (ELI) families make up at least 75% of the families admitted to the housing Choice Voucher (HCV) program during any given fiscal year. ELI families are those with annual income at or below 30% of the federal poverty level. Priority for housing is ranked as follows:
• Veterans who are residents of Pittsburg
• Employed citizens of Pittsburg
• Veterans who are nonresidents of Pittsburg
• Non Veterans/ Non Residents
Pittsburg believes in a regional approach when addressing the community’s housing needs.
Pittsburg continues to foster relationships with various agencies in the county and provide these resources to the community.
1. Home Match - Helps homeowners with extra rooms connect with home seekers who need an affordable place to live, creating a win-win situation
2. Catholic Charities of the East Bay - Rooted in compassion and human dignity for all, Catholic Charities of the East Bay works with youth, children, and families to promote self-sufficiency, strengthen families and pursue safety and justice
3. Destination Home - Provides permanent supportive housing for chronically homeless, disabled individuals. Participants of the project receive a safe, permanent place to live as well as wrap-around services to help stabilize their lives. Case management, assistance enrolling in mainstream benefits and services, and access to peer support groups are all part of a larger continuum of services that allow individuals to work through many of the issues that led to their homelessness while simultaneously moving toward a more sustainable future
4. Pacific Community Services, Inc. - a housing agency offering a range of supportive services including foreclosure prevention counseling, homeownership education, tenant
CAPER 14
OMB Control No: 2506-0117 (exp. 09/30/2021)
and landlord rights information, homeless referrals, money management guidance, home management, and property care and maintenance
5. Eden Council for Hope and Opportunity - Promote equitable access to housing and offer support services to prevent homelessness and ensure permanent housing, fostering fairness and opportunities for all.
CAPER 15
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-25 - Homeless and Other Special Needs 91.220(d, e); 91.320(d, e); 91.520(c)
Evaluate the jurisdiction’s progress in meeting its specific objectives for reducing and ending homelessness through:
Reaching out to homeless persons (especially unsheltered persons) and assessing their individual needs
The City continues to participate in the countywide effort to assist the homeless population by funding services that take proactive steps to implement the Continuum of Care strategy for the homeless. Pittsburg has a dedicated Coordinated Outreach Referral and Engagement (CORE) team. CORE teams served as an entry point into the coordinated entry system for unsheltered persons and work to identify, engage, stabilize and house chronically homeless individuals and families. They provide basic needs, supplies, counseling, benefits assistance, linkages to healthcare, shelter placement, and referrals and transportation to CARE Centers. The CORE staff have built trusting relationships with hard to reach clients. CORE staff have been able to link people to services and continue to coach and educate individuals and families on health, safety and sanitation. CORE teams also established connections with agencies to coordinate services and work together to support the homeless population. These partnerships helped to get individuals and families access to health, mental health, and dental services; connect individuals and families to shelters, and drug and detox programs. The CORE team also oversees an intake program, where every unsheltered individual they encounter is processed into a database. This database plays a crucial role in tracking and documenting the homeless population within the area. HUD relies on this information to assess the scope of homelessness in each county, which in turn directly influences the allocation of funding for homelessness services.
The City has its own team to address the unsheltered persons which includes staff from various departments including the City Manager’s Office, Police Department, Engineering, Public Works, Community and Economic Development, City Attorney’s Office and Community Services. This team meets monthly to discuss current issues that are affecting its residents and businesses and the homeless population and sets strategies that can help the community as a whole. Police officers that are in direct contact with the homeless population provide food vouchers, clothing and in some cases, vouchers for lodging at a local motel. The Police Department also has a Mental Health Evaluation Team (MHET) and includes staff to assist individuals who may be experiencing mental health crises.
The City is collaborating with Hope Solutions on the Village of Hope project at the Church of the Nazarene, Pittsburg property, offering a fully forgivable loan to support this initiative. This project plans to construct 14 to 17 housing units specifically for Transition Age Youth (TAY), providing critical support and stable housing for young adults transitioning out of foster care or facing homelessness. The project is set to commence in fiscal year 2025-2026.
CAPER 16
OMB Control No: 2506-0117 (exp. 09/30/2021)
Addressing the emergency shelter and transitional housing needs of homeless persons CDBG funds were used for the St. Vincent De Paul RotaCare clinic that is operated at the St.
Vincent De Paul facility in Pittsburg. This program not only offers free medical care but also serves as a daytime shelter for homeless families.
Loaves & Fishes is a CDBG-funded feeding program that provides hot meals for families. They offer breakfast and lunch at five dining hall locations across Contra Costa County. In addition to meals, these facilities also provide pantry essentials and fresh produce.
The City also provides resources to the Shower Program conducted by the Bay Church, in partnership with St. Vincent de Paul, New Destiny Church, and Loaves and Fishes. This is a weekly event where the unhoused can receive a shower with free toiletries, new clothes, a haircut, and a free meal.
Helping low-income individuals and families avoid becoming homeless, especially extremely low-income individuals and families and those who are: likely to become homeless after being discharged from publicly funded institutions and systems of care (such as health care facilities, mental health facilities, foster care and other youth facilities, and corrections programs and institutions); and, receiving assistance from public or private agencies that address housing, health, social services, employment, education, or youth needs
Contra Costa County’s Coordinated Entry System (CES) allows service providers to efficiently and effectively connect people to interventions which aim to rapidly resolve their housing crisis.
CES aims to help consumers with fewer roadblocks and fewer vulnerabilities obtain housing with short-term supports while connecting the highest needs, most vulnerable persons in the community to available housing and supportive services. CES is comprised of a variety of programs to serve those at-risk of homelessness, currently homeless, and formerly homeless people now housed in permanent supportive housing. The goal of CES it to move people from access points, and for those with higher needs, to housing services. The CES is has a prevention/diversion screening tool to be used by Contra Costa Crisis Center (2-1-1) and other crisis service entry points into our system to identify clients on the brink of homelessness and connect them to prevention and mainstream services. Clients are connected to prevention providers throughout the County.
AB 109 - Reentry: The CoC has two discharge plans for former inmates, the Reentry Strategic Plan and Realignment Plan. The Reentry Strategic Plan focuses on: 1) housing-focused discharge planning prior to release; 2) formalized pre-release planning that identifies service needs and connects prisoners with community-based service providers; and 3) enrollment in public benefits at least 90 days prior to release. Realignment Plan provides: 1) pre-release "reach-in" assessments, case management and referrals to housing resources, and 2) individualized treatment plans for mental health/substance abuse issues, linked with housing services. training, substance abuse treatment & childcare. Under AB109, probationers have five
CAPER 17
OMB Control No: 2506-0117 (exp. 09/30/2021)
days upon prison release to report to their Probation Officer (PO) to review their probation orders. At their initial meeting, the PO determines whether the individual received “custody” mental health services and/or was released with a 30 day supply of psychotropic medications.
POs may then offer the individual a referral to Mental Health Services to be assessed for their voluntary continuation of medications and need for focused forensic case management services. There is also coordination with the Parole and Community Team (PACT), comprised of service providers, police & the California Department of Corrections Regional Parole Board, to link newly released ex-offenders with resources like housing, education, employment, job training, substance abuse treatment & childcare.
The St. Vincent de Paul’s RotaCare is a free medical clinic and received $29,978 of CDBG funds. This free medical clinic is staffed with a team of volunteer medical professionals including physicians, pharmacists, pharmacy technicians, nurses, health educators, bi-lingual translators, social workers, receptionists and administrative assistant. They provide medical care and preventative services to uninsured and low income residents of Pittsburg. They directly improved availability and access to health services and reduced health disparities for low income and underserved residents. A total of 394 people were assisted during this Program Year.
Continuation
Countywide Discharge Coordination Policy FOSTER CARE: When foster youth age out of the foster care system, the County links them to the Independent Living Skills Program (ILSP) transition supports. ILSP includes workshops that prepare youth for emancipation (money management, education, computer skills, home management, and social skills), employment assistance, non-McKinney-Vento housing and retention services, and an individualized transition plan out of foster care. In addition, foster youth can elect to remain in foster care or return to care after emancipation (but before turning 21) to receive a two-year housing subsidy, which can be used in a market rate unit, student housing, or congregate living. This is a State program that all foster youth and former foster youth are able to access. HEALTH CARE:
Hospital discharge protocol, adopted by the CoC and by all hospitals in the County, states: 1) Hospitals will not discharge people who are not ambulatory or not capable of caring for themselves; 2) prior to discharge, the hospital will seek a pre-discharge assessment from a Healthcare for the Homeless (HCH) nurse; 3) the HCH nurse will assess the viability of a respite placement and make a recommendation accordingly; 4) prior to discharge, the hospital will ensure that a patient has an appointment for follow-up medical care; 5) the hospital will discharge the patient with enough medications and/or supplies for at least 7 days; and 6) the hospital will ensure that the patient leaves with all of their belongings and is appropriately clothed. ALCOHOL AND OTHER DRUGS SERVICES 1.) AOD works in partnership with the Behavioral Health Benefits Unit to enroll clients in Medi-Cal immediately upon release from a facility. 2.) AOD works to reduce the early termination rate among formerly incarcerated individuals in Substance Use Disorder (SUD) treatment. Coupled with training, AOD continues to adapt program policies and procedures which support successful engagement of this population while adhering to regulatory State mandates. AOD continues to assist and
CAPER 18
OMB Control No: 2506-0117 (exp. 09/30/2021)
encourage providers to develop/form/create linkages/agreements/MOUs with primary care and mental health and housing for provision of services to AOD clients. A Housing Specialist is available at the Discovery House by the Homeless program to help clients prepare housing arrangements before discharge and support long-term recovery. MENTAL HEALTH: Clients treated by the County Behavioral Health Division are regularly reviewed for readiness and prepared for discharge into environments that provide stepped-down levels of care. The Department holds a weekly Bed Committee where all institutionalized consumer's discharge plans are prepared. Discharge planning responsibilities fall to the Clinic managers for those consumers currently receiving services and to the Mental Health Transition Team (consisting of managers, a psychiatrist, RNs, clinicians and peer providers) for those patients not otherwise connected to the County system. State hospitals discharge to Institutes for Mental Disease (IMD)/Skilled Nursing Facilities (SNF) and not to HUD CoC funded programs. Persons discharged from IMDs/SNFs are placed in Crisis Residential/Transitional Residential Services (CR/TRS), and those discharged from Acute Inpatient Facilities (AIFs) are released to appropriate settings, such as the Respite Center at the County's Adult Emergency Shelter.
Those exiting CR/TRS are discharged to independent, shared or supported (e.g. Board & Care) housing. State Mental Health Services Act (MHSA) funds also pay for 79 housing units for homeless discharges with severe mental illness. RESPITE CENTER - Philip Dorn Respite Center in our neighboring city of Concord is a twenty-four (24) bed shelter for homeless adults who are leaving the hospital and have health care needs that cannot be met in the emergency shelter environment. This is a collaborative project with Health Care for the Homeless and local hospitals.
Helping homeless persons (especially chronically homeless individuals and families, families with children, veterans and their families, and unaccompanied youth) make the transition to permanent housing and independent living, including shortening the period of time that individuals and families experience homelessness, facilitating access for homeless individuals and families to affordable housing units, and preventing individuals and families who were recently homeless from becoming homeless again The most significant barrier to decreasing the duration of homelessness for individuals and families is the limited availability of affordable housing.
CHRONICALLY HOMELESS: The County's 2025 point-in-time count estimated that 2,118 people are staying in shelter beds or living outdoors on an average night in Contra Costa, compared to 2,843 in 2024, a decrease of 25% or 725 residents. On the night of the 2025 point- in-time count, there were 73 unsheltered people in Pittsburg compared to 110 in 2024.
Of the unsheltered population in Contra Costa County, 59% are between the ages of 25 - 54 and 58% are males and 4% are veterans. 95% of the unhoused were from adult only households and 62% are chronically homeless.
The City is partnering with Hope Solutions on the Village of Hope project at the Church of the Nazarene in Pittsburg by providing a fully forgivable loan. This initiative aims to build 14 to 17
CAPER 19
OMB Control No: 2506-0117 (exp. 09/30/2021)
housing units designed for Transition Age Youth (TAY), providing essential support and stable housing for young adults transitioning out of foster care or experiencing homelessness.
CR-30 - Public Housing 91.220(h); 91.320(j)
Actions taken to address the needs of public housing
The Housing Authority does not own any public housing. Instead, it provides rental subsidy to the maximum extent allowable through the Housing Voucher Program, also known as Section 8.
Funding is awarded by the Federal government, through the Department of Housing and Urban Development, to subsidize low-income families with their rent and utilities. The number of families the Housing Authority is able to assist is determined by the annual contract contribution awarded. Factors in determining the number of units available to assist eligible families are based on average housing assistance payments and fair market rents established by HUD. With this in mind, for FY 2023-2024, the Housing Authority received $20,131,092.These funds were used to subsidize 955 Section 8 recipients and 185 Veterans Affairs Supportive Housing (VASH) vouchers.
Actions taken to encourage public housing residents to become more involved in management and participate in homeownership
The Housing Authority counsels clients who are interested in becoming homeowners by sharing information on the Homeownership Voucher Program. Eligible candidates are provided monthly mortgage subsidy upon the purchase of their first home. The Housing Authority uses its normal voucher program payment standard schedule to determine the amount of subsidy. The housing assistance payment (HAP) is the lesser of either the payment standard minus the total tenant payment or the family's monthly homeownership expenses minus the total tenant payment. The Housing Authority may make the HAP payment directly to the family or to the lender. In the fiscal year 2024-2025, the Housing Authority launched a pilot program to promote self- sufficiency among Section 8 residents, helping them transition out of the program and into home ownership. This program will be put into effect in FY 2025-2026.
Actions taken to provide assistance to troubled PHAs
The Housing Authority, operating the rental subsidy program, was a high performer during the Program Year. Therefore, no actions were taken.
CAPER 20
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-35 - Other Actions 91.220(j)-(k); 91.320(i)-(j)
Actions taken to remove or ameliorate the negative effects of public policies that serve as barriers to affordable housing such as land use controls, tax policies affecting land, zoning ordinances, building codes, fees and charges, growth limitations, and policies affecting the return on residential investment. 91.220 (j); 91.320 (i) The provision of adequate and affordable housing is an important goal of the City. As a result, the City has proactively implemented a variety of programs, incentives, and development standards to encourage the development, maintenance, and improvement of affordable housing. The City offers incentives for on-site compliance as outlined in City’s Municipal Code Section 18.86.060. Incentives include:
• Allowing affordable units to be at most 10 percent smaller in square footage than market rate units.
• Allowing ownership units to be constructed on smaller lots. • Allowing affordable units to have a fewer number of bathrooms and have different interior design, finishes, and features than market rate units in the same residential development.
• A reduction in off-street parking requirements for affordable units provided that the development is located downtown or within walking distance, generally ½-mile of transit facilities.
• Deferment of parkland, traffic mitigation, and other City fees. • Provides for a density bonus for affordable housing projects.
In addition, to provide an incentive for the development of larger family units (four or more bedrooms), developers are offered credit toward the inclusionary requirement of one and one- quarter per larger family unit. On November 15, 2004, the City Council adopted Ordinance No. 04-1229 adding Chapter 18.86, Inclusionary Housing, to the Municipal Code. The Inclusionary Housing Ordinance contains minimum requirements for provision of affordable units within developments. The purpose of the City’s Inclusionary Housing Ordinance is to establish minimum requirements, incentives, and alternative measures by which to ensure the provision of safe, decent, and affordable housing for all segments of the City’s population, regardless of household income. This ordinance is only enforced on for sale units and not on rental housing.
Actions taken to address obstacles to meeting underserved needs. 91.220(k); 91.320(j) The City is committed to taking action to address obstacles to meeting underserved needs.
Special needs groups such as elderly/frail elderly, persons with disabilities, and persons who are victims of domestic violence live throughout the city. Given that these special needs populations have various obstacles to accessing housing and services, Pittsburg will continue to provide CDBG funds for housing rehabilitation activities, public facility/infrastructure improvements, and public service activities that improve the quality of life for special needs groups.
CAPER 21
OMB Control No: 2506-0117 (exp. 09/30/2021)
Actions taken to reduce lead-based paint hazards. 91.220(k); 91.320(j) Facts about Lead Poisoning in Contra Costa County:
More than 800 children with elevated blood lead levels have been identified in Contra Costa.
Most of these children have been identified in the last eleven years because of routine screening.
• 475 children had lead levels between 10 - 14 µg/dL
• 161 children had lead levels between 15 - 19 µg/dL
• 158 children had lead levels between 20 - 44 µg/dL
• 6 children had lead levels of 45 µg/dL or higher
• About 46% of the children are from the Richmond/San Pablo area • Another 26% of the children are from the Pittsburg/Antioch area • 10% are from the Concord area.
The rest live throughout the County, in areas as diverse as El Cerrito, Crockett, Brentwood, and San Ramon.
More than 63% of lead-poisoned children in Contra Costa have been under the age of 3 years.
Most are one- and two-year olds.
Who's at Risk and Why?
• Low income children
Nationwide data show that young children in publicly assisted programs such as MediCal are at much higher risk for lead poisoning.
• Children living in old, deteriorating housing
Lead-based paint is still the major source of childhood lead poisoning.
More than half of Contra Costa cases have been linked to lead-based paint.
Statewide percentages are even higher.
• Children of any income living in older housing that is being renovated or repainted Activities that disturb lead-based paint and create lead dust are very dangerous, especially for young children. They can also harm adults, including workers and owner- occupants engaged in do-it-yourself projects.
There are over 97,000 housing units built before 1960 in Contra Costa.
Because Contra Costa has experienced such rapid housing growth, percentages of old housing have declined overall. Older housing is not evenly distributed, and even within a community there are areas where the high-risk older housing is more concentrated. (State and federal agencies recommend targeted screening of all young children, regardless of income, in communities where > 27% of housing was built before 1960.) The City will continue to protect residents from lead-based paint hazards in housing funded with CDBG funds by conforming to HUD regulations 24 CFR Part 35. This regulation addresses the need to reduce or eliminate lead-based paint hazards in federally owned housing and housing
CAPER 22
OMB Control No: 2506-0117 (exp. 09/30/2021)
receiving Federal funds. The City requires its subrecipients to agree to include requirements for compliance with this regulation. The City requires that recipients of homeowner rehabilitation funds sign HUD’s Notification for Lead Based Paint and that any abatement required be included in the home’s repairs.
Actions taken to reduce the number of poverty-level families. 91.220(k); 91.320(j) Pittsburg employs a variety of strategies to help alleviate poverty in the city, including efforts to stimulate economic growth and job opportunities, and to provide residents with the skills and abilities required to take advantage of those opportunities. Pittsburg uses a portion of its CDBG funds to provide grants to non-profit organizations to operate the Public Service programs that serve the low- income population including the homeless in the community.
In particular, the City believes in funding economic development programs such as Contra Costa Child Care Council (CoCoKids), Opportunity Junction’s Job Training and Placement, and Renaissance Entrepreneurship Center, which play instrumental roles in reducing the number of persons below the poverty line. This is done by providing the participants the resources needed to obtain the skills and training needed to be competitive in the job market or become qualified business owners.
Outside of CDBG funding, the City also funds the Future Build program, a pre-apprenticeship program providing East County residents with 16+ weeks of training in the building trades and solar theory, construction, and installation.
The Housing Authority created a pilot program aimed at promoting self-sufficiency among Section 8 residents, helping them transition out of the program and into homeownership. The City will collaborate with organizations to offer training and education that will improve the participants skillset, providing an opportunity to obtain a job or higher paying job. In addition, the City will collaborate with an organization to provide training in money management, eliminating credit card debt, saving for a down payment, and more.
Actions taken to develop institutional structure. 91.220(k); 91.320(j) The Contra Costa County Consortium was formed by the County of Contra Costa and the cities of Antioch, Concord, Pittsburg and Walnut Creek to develop a collaborative approach to administering and implementing the goals and objectives of the respective CDBG programs.
The Contra Costa County Consortium members coordinate consolidated Planning efforts and have developed a streamlined process for applying for CDBG/HOME/ESG funds that allow applicants to complete one application for multiple jurisdictions and, once funded, complete one periodic performance report for all funding jurisdictions. This joint effort has eased the administrative burden for subrecipients and allows jurisdictions to easily share information.
Furthermore, the Contra Costa County Consortium established a multiple-year funding cycle that has greatly reduced the time spent on completing and reviewing applications for both subrecipients and CDBG/HOME staff respectively.
CAPER 23
OMB Control No: 2506-0117 (exp. 09/30/2021)
Each entitlement jurisdiction in the Contra Costa County Consortium completes its own annual planning and allocation process, including preparation and completion of its Annual Action Plan and CAPER. These planning efforts have a high degree of coordination with the Contra Costa County Consortium members working together to closely align CDBG allocations, helping to maximize funding and to ensure collaboration between agencies.
Actions taken to enhance coordination between public and private housing and social service agencies. 91.220(k); 91.320(j)
The Contra Costa County Consortium jurisdictions work on strategies and actions designed to overcome identified impediments and eliminate problems of housing discrimination. The Contra Costa Interagency Council on Homelessness (CCICH) works with local jurisdictions, public and private agencies, the interfaith community, homeless advocacy groups, and other community organizations to help the CoC to alleviate homelessness. The majority of the City's goals and objectives within the 2020-2025 Consolidated Plan and Annual Action Plan are met through activities that are carried out by subrecipients that are primarily public and private agencies within the County, including non-profit organizations. There is ongoing concern about the long- term capacity of the non-profit community during these severe budgetary times and their ability to comply with often complex Federal regulations and requirements in implementing federally funded programs. Pittsburg will continue to support these agencies by providing technical assistance, helping to establish collaboration between agencies and with funding, when possible.
Pittsburg works closely with public and private affordable housing providers as well as with Contra Costa County’s Public Health, Behavioral Health and Homeless Services departments, and various agencies to coordinate the allocation of funds to best meet the needs of the City’s low to moderate income residents and the special needs population. This coordination leverages CDBG funds to maximize their impact.
Identify actions taken to overcome the effects of any impediments identified in the jurisdictions analysis of impediments to fair housing choice. 91.520(a) The Contra Costa County Consortium is required to conduct an Analysis of Impediments to Fair Housing Choice (AI) and to periodically review that analysis and update it as necessary. Each AI is reassessed and reevaluated with each consolidated plan. Together, the members of the Contra Costa County Consortium have collaborated to jointly plan for the housing and community development needs of the County as a whole.
The purpose of an AI is to review conditions in the jurisdictions that may impact the ability of households to freely choose housing and to be treated without regard to race, ethnicity, religion, gender, national origin, source of income, age, disability, or other protected status. The AI reviews the general state of fair housing, the enforcement of fair housing law, efforts to promote fair housing, access to credit for the purpose of housing, and general constraints to the availability of a full range of housing types. An AI also examines the affordability of housing in
CAPER 24
OMB Control No: 2506-0117 (exp. 09/30/2021)
the jurisdiction with an emphasis on housing affordable to households with annual incomes classified as low income and less. Low income is defined as equal to or less than 80 percent of the adjusted Area Median Income as most recently published by HUD.
The AI not only identifies impediments to fair housing choice, but also makes recommendations to overcome the effects of those impediments and will serve as the basis for fair housing planning, providing essential information to staff, policy makers, housing providers, lenders, and fair housing advocates, and assisting with garnering community support for fair housing efforts.
The most recent AI was completed and approved the Contra Costa County Consortium in June 2019.
CR-40 - Monitoring 91.220 and 91.230
Describe the standards and procedures used to monitor activities carried out in furtherance of the plan and used to ensure long-term compliance with requirements of the programs involved, including minority business outreach and the comprehensive planning requirements
The City continues its monitoring of subrecipients and projects to ensure compliance with program and comprehensive planning requirements. The City performs on-site monitoring of CDBG subrecipients. Monitoring efforts are coordinated for subrecipients that are jointly funded by other jurisdictions within the Contra Costa County Consortium. The City works directly with the other jurisdictions to analyze which subrecipients need to be monitored and the Contra Costa County Consortium takes a tag team approach in conducting the on-site monitoring to minimize duplicative efforts. The purpose of the monitoring is to ensure the activities and programs achieve their approved objectives in a manner which is consistent with Federal regulations. If there is a lack of performance or the subrecipient does not meet goals, the City will continue site visits and investigate further until a resolution is reached.
Citizen Participation Plan 91.105(d); 91.115(d)
Describe the efforts to provide citizens with reasonable notice and an opportunity to comment on performance reports.
Consistent with Federal requirements, a draft of the CAPER document was prepared and made available online on the City’s website. A notice informing the public of the availability of the draft CAPER was published in English, Spanish and Tagalog in the East County Times on August 29, 2025. The notice was also displayed on the City’s website during the public review period.
Copies of the notices are attached to this report.
No comments were received during the comment period of August 29 through September 14, 2025 and during the City Council meeting on September 15, 2025.
CAPER 25
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-45 - CDBG 91.520(c)
Specify the nature of, and reasons for, any changes in the jurisdiction’s program objectives and indications of how the jurisdiction would change its programs as a result of its experiences.
There were no changes to Pittsburg’s program objectives.
Does this Jurisdiction have any open Brownfields Economic Development Initiative (BEDI) grants?
No
[BEDI grantees] Describe accomplishments and program outcomes during the last year.
N/A
CR-45 - CDBG 91.520(c)
Specify the nature of, and reasons for, any changes in the jurisdiction’s program objectives and indications of how the jurisdiction would change its programs as a result of its experiences.
There were no changes to Pittsburg’s program objectives.
Does this Jurisdiction have any open Brownfields Economic Development Initiative (BEDI) grants?
No
[BEDI grantees] Describe accomplishments and program outcomes during the last year.
N/A
CR-58 – Section 3
Identify the number of individuals assisted and the types of assistance provided
Total Labor Hours CDBG HOME ESG HOPWA HTF
Total Number of Activities 0 0 0 0 0
Total Labor Hours 0
Total Section 3 Worker Hours 0
Total Targeted Section 3 Worker Hours 0
CAPER 26
OMB Control No: 2506-0117 (exp. 09/30/2021)
Table 7 – Total Labor Hours
Qualitative Efforts - Number of Activities by
Program
CDBG HOME ESG HOPWA HTF
Outreach efforts to generate job applicants who
are Public Housing Targeted Workers 0
Outreach efforts to generate job applicants who
are Other Funding Targeted Workers. 0
Direct, on-the job training (including
apprenticeships). 0
Indirect training such as arranging for, contracting
for, or paying tuition for, off-site training. 0
Technical assistance to help Section 3 workers
compete for jobs (e.g., resume assistance,
coaching).
0 Outreach efforts to identify and secure bids from
Section 3 business concerns. 0
Technical assistance to help Section 3 business
concerns understand and bid on contracts. 0
Division of contracts into smaller jobs to facilitate
participation by Section 3 business concerns. 0
Provided or connected residents with assistance in
seeking employment including: drafting
resumes,preparing for interviews, finding job
opportunities, connecting residents to job
placement services.
0 Held one or more job fairs. 0
Provided or connected residents with supportive
services that can provide direct services or
referrals.
Provided or connected residents with supportive
services that provide one or more of the following:
work readiness health screenings, interview
clothing, uniforms, test fees, transportation.
0 Assisted residents with finding child care. 0
Assisted residents to apply for, or attend
community college or a four year educational
institution.
0 Assisted residents to apply for, or attend
vocational/technical training. 0
Assisted residents to obtain financial literacy
training and/or coaching. 0
CAPER 27
OMB Control No: 2506-0117 (exp. 09/30/2021)
Bonding assistance, guaranties, or other efforts to
support viable bids from Section 3 business
concerns.
0 Provided or connected residents with training on
computer use or online technologies. 0
Promoting the use of a business registry designed
to create opportunities for disadvantaged and
small businesses.
0 Outreach, engagement, or referrals with the state
one-stop system, as designed in Section 121(e)(2)
of the Workforce Innovation and Opportunity Act.
0 Other. 0
Table 8 – Qualitative Efforts - Number of Activities by Program
OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Maria M. Aliotti - Interim City Manager
SUBJECT: Adoption of a City Council Resolution Authorizing the City Manager to Execute an Intergovernmental Support
Agreement with Military Ocean Terminal Concord for Small Construction and Design Services
MEETING DATE: September 15, 2025
EXECUTIVE SUMMARY
The Military Ocean Terminal Concord (MOTCO) is seeking the services of the City of Pittsburg (City) for small construction and design services. This resolution will authorize the execution of an Intergovernmental Support Agreement (IGSA) between MOTCO and the City to provide these services.
FISCAL IMPACT
For each project, the City will respond to the task order proposal request issued by the U.S. Army, describing the work to be performed and the estimated cost. MOTCO will cover all costs associated with the project, including overhead costs charged by the City of up to 20% of the project cost. This will result in a new revenue source for the City which will reduce dependency on the General Fund.
RECOMMENDATION
City Council adopt the attached resolution authorizing the City Manager to execute the Intergovernmental Support Agreement with MOTCO.
BACKGROUND
In December 2023, City staff attended a symposium with MOTCO to discuss IGSAs. At this meeting, MOTCO provided a list of services that it was looking to outsource.
On May 16, 2024, City staff performed a site visit to MOTCO to further explore the services the City could provide and visit the facilities associated with these services.
SUBCOMMITTEE FINDINGS
This item was not presented to a subcommittee.
STAFF ANALYSIS
IGSAs are agreements between the U.S. Army and a state or local public partner that serve the best interests of both parties. IGSAs are authorized by federal law at 10 United States Code Section 2679 and can be used to achieve mutually beneficial partnerships. Some benefits of IGSAs are economic benefits and cost savings, strategic regional collaboration, improved government and community relationships, and efficiencies.
City staff have received two requests for task order proposals from MOTCO in anticipation of this agreement. These task orders include the expansion of an existing parking lot and the conversion of solar parking lot lighting to LED lighting. Other services currently being explored are electric utility services and facility maintenance services.
ATTACHMENTS: Resolution
Intergovernmental Support Agreement
Report Prepared By: John Samuelson, Public Works Director/City Engineer
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Authorizing the City Manager to Execute )
Intergovernmental Support Agreement )
With Military Ocean Terminal Concord for ) RESOLUTION NO.25 Small Construction and Design Services )
WHEREAS, in December 2023, City staff attended a symposium with Military Ocean Terminal Concord (MOTCO) to discuss Intergovernmental Support Agreement (IGSA). At this meeting, MOTCO provided a list of services that it was looking to outsource; and
WHEREAS, on May 16, 2024, City staff performed a site visit to MOTCO to further explore the services the City could provide and visit the facilities associated with these services; and
WHEREAS, IGSAs are agreements between the U.S. Army and a state or local public partner that serve the best interests of both parties.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Pittsburg authorizes the City Manager to execute the Intergovernmental Support Agreement with Military Ocean Terminal Concord for small construction and design services.
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 15th day of September 2025, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
__________________
Jelani Killings, Mayor
ATTEST BY:
_______
Alice E. Evenson, City Clerk
1 INTERGOVERNMENTAL SUPPORT AGREEMENT (IGSA)
BETWEEN
THE UNITED STATES ARMY
FOR
MILITARY OCEAN TERMINAL CONCORD (MOTCO)
AND
THE CITY OF PITTSBURG
IGSA NUMBER: IGSA-MOTC-25-DPW-003
This Intergovernmental Support Agreement (hereafter referred to as the IGSA or Agreement) between the United States Army and City of Pittsburg, a California municipal corporation, is entered into pursuant to federal law codified in 10 USC § 2679. The statute authorizes the Secretary of the Army to enter into an IGSA on a sole source basis with a state or local government to receive installation support and services. The Secretary of the Army has delegated authority to Garrison Commanders to execute agreements on behalf of the United States Army.
The purpose of this IGSA is to outline the roles and responsibilities of the parties; identify the services that may be furnished by the City of Pittsburg to the United States Army pursuant to individual written task orders executed by the parties (each a “Task Order”); describe the procedure for initiating and entering into Task Orders, including development of a cost proposal specifying the cost of the services to be paid by the United States Army to the City of Pittsburg for the services set forth in a Task Order; and specify the quality control procedures to be used. The parties undertake this Agreement in order to provide services, supplies or construction to the United States Army. The Agreement will achieve cost savings for the Department of the Army and provide additional revenues to local governments and their workforces.
RESPONSIBILITIES OF THE PARTIES:
The City of Pittsburg shall perform installation support services, as specified in this IGSA, pursuant to individual Task Orders. The term "installation support services" only includes services, supplies, resources, and support typically provided by a local government for its own needs and without regard to whether such services, supplies, resources, and support are provided to its residents generally, except that the term does not include security guard or firefighting services.
This is a non-personal services agreement. Each party is responsible for all costs of its personnel including pay, benefits, support, and travel. Each party is responsible for supervision or management of its personnel.
The tasks, duties and responsibilities set forth in this IGSA may not be interpreted or implemented in any manner that results in the City of Pittsburg personnel creating or modifying federal policy, obligating appropriated funds of the United
2 States Army, or overseeing the work of federal employees. Under no circumstances shall the City of Pittsburg employees or contractors be deemed federal employees.
If the City of Pittsburg shall provide services through a contract, the contract must be awarded through competitive procedures.
SUMMARY OF SERVICES AND PRICE PROPOSAL:
The City of Pittsburg will provide common use facility and facility construction and repair services, which may include related planning and design, on an individual Task Order basis. Sample Task Order projects include construction, alteration, operation, maintenance, and repair of common use infrastructure (e.g., roads, grounds, surfaced areas, structures, real property and installed equipment) and minor construction, alterations, additions, and major repairs required to modernize, replace, expand or restore real property. The projects selected for execution through this IGSA will be of limited size and scope but have an urgent need for life/health/safety or are emerging mission requirements.
When the need for work arises, the United States Army will issue a written Task Order Proposal Request to the City of Pittsburg for development of a cost proposal for a Task Order. The Task Order Proposal Request will identify the nature of the services to be performed, the time for performance, and other information or instruction that may be relevant to the performance of the services specified in a Task Order. The United States Army will develop specific project requirements including designs, statements of work, plans, specifications and any special provisions or references for each Task Order. The City of Pittsburg may, in its sole discretion, submit a written cost proposal in response to the United States Army’s Task Order Proposal Request. If the City of Pittsburg submits a cost proposal for a Task Order, the United States Army will evaluate and compare the City of Pittsburg's cost proposal to its Independent Government Estimate (IGE) to ensure the proposal and understanding of the work is acceptable. If the parties mutually agree to the terms of a Task Order, including the City of Pittsburg’s cost proposal in connection with the Task Order, the parties will execute the written Task Order, and the United States Army will issue a Notice to Proceed with the Task Order. A Task Order is not effective until signed by both parties. Each Task Order is incorporated into this Agreement by reference.
The United States Army will only issue Task Order Proposal Requests to the City of Pittsburg when funding is available for the specific work. No legal liability on the part of the United States Army shall arise until the Army (through the IGSA-Manager (IGSA-M) or IGSA-Technical Representative (IGSA-TR)) notifies the City of Pittsburg that funds are available, the parties execute the Task Order, and the United States Army authorizes the City of Pittsburg to begin performance of services through a Notice to Proceed.
TERM OF AGREEMENT:
The term of this Agreement shall be the later of one year (12 months) from the full execution of the Agreement or completion of all issued Task Orders, and renewable for successive one-year periods for an additional nine years, subject to mutual
3 written agreement of the parties. The IGSA-M shall provide written notice of the renewal of the IGSA at least 30 days prior to the expiration of the current performance period. The United States Army shall be obligated for only the executed Task Orders for which the United States Army has issued a Notice to Proceed. The United States Army will obligate funds for individual Task Orders for the time as proposed as appropriated by the Congress.
PAYMENT:
The United States Army shall pay the City of Pittsburg on an individual Task Order basis with phased installments, as set forth herein and as may be further specified in a Task Order. As set forth in the “Summary of Services and Price Proposal” section above, the United States Army will issue Task Order Proposal Requests to the City of Pittsburg for development of a cost proposal. Upon review, approval, and full execution of a Task Order, the United States Army will release funding to the City of Pittsburg for the design phase of the Task Order. Upon successful completion of the design phase, the United States Army will then release funds to the City of Pittsburg for the construction phase of the Task Order after bids have been received and before the contract is awarded to the contractor. If, during performance of the work for a Task Order, the City of Pittsburg or its contractors encounter circumstances giving rise to a change in the scope of the work and/or the cost of the work under a Task Order, the City of Pittsburg will submit the proposed change to the United States Army for review and approval. If the change is approved, the United States Army will release funds to the City of Pittsburg for any increased cost associated with the change prior to performance of the work.
The United States Army will only issue Task Order Proposal Requests to the City of Pittsburg when funding is available for the specific work. When funding becomes available and a Task Order is approved, a line of accounting will be established to obligate the full funding to the specific Task Order period of performance. In the event of unforeseen funding delays, the parties will mutually agree upon a revised schedule or re-prioritization of work. If a Task Order crosses fiscal years, bills will be invoiced against the appropriated funding for the original period of performance, thus eliminating the need for multi-fiscal-year funding.
The City of Pittsburg shall not include any State or Local taxes in its costs to the United States Army unless approved by the IGSA-TR in advance. For each Task Order, the City of Pittsburg shall electronically submit, on a monthly basis, itemized invoices to the IGSA-TR, including all copies of City of Pittsburg's invoices or payment requests.
The City of Pittsburg will establish a Unique Entity ID and Commercial and Government Entity (CAGE) code in order to submit invoices and receive payments.
IGSA payments will be made via Miscellaneous Payment transactions processed through the Army's General Fund Enterprise Business System (GFEBS). All IGSA costs will be manually entered into GFEBS to commit and obligate funds. Payments will be processed through GFEBS to the Defense Finance Accounting System (DFAS). DFAS will issue payment via electronic fund transfer (EFT) or check to the
4 City of Pittsburg.
OPEN COMMUNICATIONS AND QUALITY CONTROL:
Each party shall present to the other party any issue or concern that could potentially impede successful performance of the IGSA in a timely and professional manner. The City of Pittsburg shall maintain a quality control plan to ensure all work is completed within the specified timelines and quality standards specified in the Agreement or Task Order(s). After execution of the Agreement, an initial joint meeting of the Parties will be conducted to discuss the terms of the IGSA. The initial meeting shall also include an orientation of the City of Pittsburg and its employees to work areas on MOTCO as well a discussion of a phase-in plan to permit the orderly transition of responsibilities for performance of the services by the City of Pittsburg.
INSPECTION OF SERVICES:
The City of Pittsburg will only tender services and goods in conformance with the IGSA. The IGSA-TR will be responsible for inspecting all services performed by the City of Pittsburg. If services are performed outside of the installation, the IGSA-TR, in coordination with City of Pittsburg representatives, shall be granted reasonable access to areas where services are performed. The IGSA-TR shall have the right to inspect and test all services. Any inspections or tests conducted by the IGSA-TR will be conducted in a manner that will not unduly delay the performance of work.
The City of Pittsburg will follow all inspection and regulatory guidelines contained in the Task Order requirements and any specified references.
If the IGSA-TR determines that services do not conform to the requirements in the Task Order, the IGSA-TR can require the City of Pittsburg to perform the services again, in whole or in part, at no additional cost to the government. Alternately, the IGSA-TR can recommend to the IGSA-M to reduce the price to be paid for services to reflect the reduced value of the performed services. If the services cannot be corrected by reperformance, the IGSA-M can reduce the billed price to reflect the reduced value of the performed services. The IGSA-M may alternately waive price reductions or re-performance of services. Such waivers shall not constitute a waiver of requirements in the IGSA unless approved in writing by the IGSA-M. If the City of Pittsburg is unable to perform any of the services due to an occurrence beyond the reasonable control of the parties, such as Acts of God, unusually severe weather, or government activities on the installation which impede the City of Pittsburg's performance, the City of Pittsburg shall promptly notify the IGSA-TR.
If services are deemed to be deficient and cannot be corrected to the satisfaction of the IGSA-TR, the IGSA-M may recommend to the Installation Commander to immediately terminate the IGSA. Such termination shall not become effective without prior notice and consultation with the City of Pittsburg.
TERMINATION:
The IGSA may be terminated by mutual, written agreement at any time. Except as otherwise specified in this Agreement, either party can unilaterally terminate this
5 IGSA upon a minimum of 30 days written notice.
The United States Army reserves the right to terminate this Agreement for its convenience at any time. When notified by the IGSA-M of the termination, the City of Pittsburg shall take immediate steps to stop all work not already in progress. The United States Army will pay the City of Pittsburg a percentage of the agreed price of any active Task Order(s) reflecting the percentage of work performed under the applicable Task Order prior to the notice of termination. The City of Pittsburg shall not be paid for any work performed or costs incurred which reasonably could have been avoided following notice of termination.
SUSPENSION OF AGREEMENT:
The United States Army reserves the right to suspend performance of the Agreement or a Task Order or access to the installation in the event of emergencies, mobilizations, national security reasons, or for other reasons outside the control of the United States Army.
APPLICABLE LAW:
The IGSA is subject to the law and regulations of the United States. If any federal statue expressly prescribes policies or requirements that differ from the terms and conditions of this IGSA, the provisions of the statute shall govern.
CLAIMS AND DISPUTES:
The parties shall use their best efforts to resolve any disagreement or disputes they may have regarding this Agreement. To minimize disputes, the parties will meet periodically, preferably on a quarterly basis, to discuss performance and current issues they may have. The IGSA-M and IGSA-TR shall represent the United States Army in such meetings.
If the parties are unable to resolve an issue, the IGSA-M, IGSA-TR, or the City of Pittsburg may submit a claim arising out of the Agreement to the Installation Manager for a final decision. The written submission must specify the nature and basis for the relief requested and include all data that supports the claim and may designate a City of Pittsburg representative to discuss the claim and its resolution.
The Installation Manager shall issue a final decision within 60 days of receipt of each claim.
If the City of Pittsburg is dissatisfied with the Installation Manager’s decision, it may appeal the matter to the Installation Commander and must specify the basis of its disagreement.
The Installation Commander shall issue a final determination on the matter within 60 days of receipt of the appeal. The final determination shall be reduced to writing and provided to the POCs specified in this Agreement. All final determinations that result in the payment of additional funds to the City of Pittsburg must be coordinated with the IGSA-M.
NOTICES, POINTS OF CONTACT (POCs), ANNUAL REVIEWS, AND
6 AMENDMENTS TO THE IGSA:
The POCs for this IGSA are as follows:
For the United States Army- MOTCO:
IGSA-Manager:
Anibal Avina
925-246-4149
[email protected]
IGSA-Technical Representative:
J. Stephen Volk
925-246-4162
[email protected]
The POCs for issues pertaining to this IGSA for the City of Pittsburg are as follows unless otherwise specified:
City Engineer
John Samuelson
925-252-4271
[email protected]
Assistant Public Works Director - Engineering
Gina Haynes
925-252-4930
[email protected]
All notices under this Agreement shall be provided to the POCs specified above.
The POCs and a management official at least one level above the POCs shall meet annually to discuss this IGSA and consider any amendment(s) to the Agreement.
Any party can propose amendments to the Agreement at any time. No amendment to this Agreement will be binding unless it is in a writing duly authorized and signed by the parties to this Agreement. For the United States Army, the written amendment must be executed by the IGSA- M in order to be effective. For the City of Pittsburg, minor amendments may be signed by the City Manager .
DUTY TO PROTECT GOVERNMENT PROPERTY ON THE INSTALLATION:
The City of Pittsburg shall conduct a visit of MOTCO with the IGSA-TR prior to performance to satisfy itself of the general and local conditions existing on the installation where services will be performed. The City of Pittsburg shall take measures to protect all property of the United States Army during performance of services. Should the City of Pittsburg damage such property due to negligence of the City, the City of Pittsburg may replace the item or restore it to its prior condition at its own cost or reimburse the United States Army for such costs. If the City of Pittsburg does not take measures to replace or restore, the United States Army
7 reserves the right to deduct replacement or restoration costs from amounts billed by the City of Pittsburg. The IGSA-TR shall provide written notice of the Government's intent to offset costs against billings to allow the parties to resolve the matter amicably. Such a resolution can include a schedule for payments to cover the loss or restoration of Government property over the term of the current period of performance.
HOLD HARMLESS:
Except as otherwise provided in this Agreement, the City of Pittsburg shall indemnify and hold the United States Army harmless against any and all judgments, expenses, liabilities, claims and charges of whatever kind or nature that may arise as a result of the activities of the City of Pittsburg or its employees in performance of this Agreement, except to the extent due to the negligence or wrongful acts or omissions of the United States Army, its officers, employees, or agents.
WAGES AND LABOR LAW PROVISIONS:
These provisions apply to the City of Pittsburg and any contractor performing services under this IGSA on behalf of the City of Pittsburg. The City of Pittsburg shall be exempt from federal labor statutes, provided it pays its employees at wage grades or rates normally paid by the City of Pittsburg and complies with all applicable City of Pittsburg labor laws and standards. In no event, however, shall any employee be paid at wage rate below the minimum wage established in the Fair Labor Standards Act. The City of Pittsburg shall comply with all applicable federal, state and local occupational safety and health requirements and standards. If the City of Pittsburg has knowledge that any actual or potential labor dispute by its employees may delay or threaten to delay performance of a Task Order, the City of Pittsburg shall immediately notify the IGSA-M. The City of Pittsburg shall provide timely updates until the dispute is resolved.
NON-DISCRIMINATION AND SEXUAL ASSAULT/HARASSMENT:
This provision applies to City of Pittsburg and its contractors. The City of Pittsburg agrees not to discriminate against any employee based upon race, color, religion, sex, national origin, or sexual orientation, or to allow any employee to engage in discriminatory practices or conduct while performing work under this IGSA. The City of Pittsburg shall not permit employees which engage in sexual assault, sexual harassment or trafficking to perform services under this IGSA. The City of Pittsburg shall not engage in age discrimination and shall comply with the Americans with Disabilities Act with respect to the hiring and accommodation of employees performing services under this IGSA.
TRANSFERABILITY:
This Agreement is not transferable except with the written authorization of the Installation Manager.
ACTIONS OF DESIGNEES:
Any act described in the IGSA to be performed by an individual or official can be performed by the designee of such individual or official, except for the IGSA-M.
8 Signatures and dates of signatures of the parties:
FOR THE UNITED STATES ARMY
________________________________
LAUREN A. CABRAL
LTC, LG
Commanding
________________________________
DATE
FOR THE CITY OF PITTSBURG
________________________________
Maria Alioti
Interim City Manager
________________________________
DATE
Attachments/Annexes: The following annexes are incorporated into the Agreement by reference:
Annex 1: Installation Security and Access Requirements
Annex 2: Safety and Explosive Hazard/ Risk Requirements Annex 3: Insurance, Liability, and Miscellaneous Requirements
9 Annex 1: Installation Security and Access Requirements INSTALLATION SECURITY AND ACCESS REQUIREMENTS:
The following information in this section is provided on security (physical, personnel, information, operation, industrial security, and antiterrorism/force protection) requirements. The City of Pittsburg shall comply with all applicable security requirements, abide by direction of Department of Defense (DoD) police or other Security personnel, and adhere to installation traffic laws.
1. Employment Restrictions: MOTCO is designated as a restricted area in accordance with Army Regulation (AR) 190-13, (The Army Physical Security Program). As required by paragraph 6-2 of AR 190-13, as well as Homeland Security Presidential Directive (HSPD)-12, Directive-Type Memorandum 09-012, and Army Execution Order (EXORD) 033-15, the MOTCO Installation Commander has restricted MOTCO Access to U.S. citizens conducting official business at MOTCO. Consequently, any employee or invitee of the City of Pittsburg and any employee or invitee of each subcontractor who is not a United States citizen shall be denied access to the MOTCO installation. Note: A state issued REAL ID will be required for all contractors and visitors effective 7 May 2025.
2. Search, Inspection, and Seizure: All vehicles, personnel, and hand-carried items, entering or exiting any installation control point, or while on the installation, are subject to search and inspection and seizure of any prohibited item, at any time. Random, unannounced, and regular searches and inspections will be conducted. These searches and inspections are intended to ensure prohibited articles are not introduced into, and government property is not removed from, the installation or its facilities.
3. Parking: Parking of the City of Pittsburg’s employees’, consultants’, or contractors’ vehicles shall be restricted to the area of work. The company name shall be prominently displayed on all construction vehicles parked where work is being accomplished. a. Driver’s Licenses: All persons entering or working on MOTCO shall possess a valid Driver’s License or State issued ID Card.
b. The use of seatbelts by all vehicle operators and passengers is mandatory on MOTCO. Vehicle operators caught not wearing seatbelts will lose their driving privileges, subject to laws governing Military and Civilian Employees. c. The use of cell phones while driving vehicles is prohibited on MOTCO, subject to laws governing Military and Civilian Employees. Cell phones will not be used to take, send, or distribute photographs of installation projects, activities, or operations. If required by a Task Order, photo support will be coordinated through the MOTCO security office.
d. Traffic Laws. The City of Pittsburg and its employees shall comply with installation traffic regulations.
4. City of Pittsburg Vehicles: All vehicles must clearly display the organization’s name and/or logo.
10 5. Key Control. The City of Pittsburg shall establish and implement methods of making sure all keys issued to the City of Pittsburg by MOTCO are not lost or misplaced and are not used by unauthorized persons. NOTE: All references to keys include key cards.
The City of Pittsburg shall not duplicate any keys issued by MOTCO. No keys issued to the City of Pittsburg by MOTCO shall be duplicated. The City of Pittsburg shall develop procedures covering key control. Such procedures shall include turn-in of any issued keys by personnel who no longer require access to locked area. The City of Pittsburg shall establish and implement methods of ensuring that all lock combinations are not revealed to unauthorized persons.
a. The City of Pittsburg shall immediately report to the IGSA-TR or his/her authorized representative occurrences of lost or duplicated keys. b. In the event keys, other than master keys, are lost or duplicated, the City of Pittsburg may be required, upon written direction of the IGSA-TR or his/her authorized representative, to re-key or replace the affected lock or locks without cost to MOTCO.
MOTCO may, however, at its option, replace the affected lock or locks or perform re- keying and deduct the cost of such from payment due the City of Pittsburg. In the event a master key is lost or duplicated, MOTCO shall replace all locks and keys for that system and the total cost deducted from payment due the City of Pittsburg. c. Lock Combinations: The City of Pittsburg shall control access to all MOTCO provided lock combinations to preclude unauthorized entry.
6. General Security Information: The overall classification of work associated with this Agreement is at the UNCLASSIFIED level. Personnel assigned to this Agreement may require access to UNCLASSIFIED MOTCO systems, and/or require a Common Access Cards (CAC).
7. Physical Security and Access Control Requirements. All City of Pittsburg personnel requiring physical access to MOTCO shall comply with the installation access control procedures. City of Pittsburg personnel requiring unescorted access to meet performance requirements on MOTCO shall be vetted by the Security Office using the National Crime Information Center-Interstate Identification Index (commonly referred to as “NCIC-III”) and Terrorist Screening Database (commonly referred to as “TSDB”). City of Pittsburg personnel shall comply with all personal identity verification requirements (FAR clause 52.204-9, Personal Identity Verification of Contractor Personnel) as directed by DoD, HQDA and/or MOTCO policies and procedures. In addition to the changes otherwise authorized by the changes clause of this Agreement, should the Force Protection Condition (FPCON) at any installation or facility change, MOTCO may require changes in City of Pittsburg security matters or processes. City of Pittsburg personnel who do not meet requirements for unescorted access to MOTCO shall coordinate escorted access with the IGSA-TR, as needed. City of Pittsburg personnel who receive keys, access cards, or lock combinations that provide access to MOTCO- owned property shall comply with key and lock control requirements.
8. Minimum Security Requirements. The minimum-security clearance requirements for
11 City of Pittsburg personnel/employees include the following:
a. Favorable; NCIC III background check for access strictly to MOTCO. b. MOTCO form 190-3.
c. Inclusion onto the base access roster.
d. Failure to provide any of the above documentation will prevent City of Pittsburg personnel/employees from accessing MOTCO. Failure to pass the background checks (items a. and b.) will deny the person from accessing MOTCO, as deemed by MOTCO security.
9. Clearance / Investigation Validation Checks: The City of Pittsburg shall coordinate for the issuance of security badges and vehicle passes required to allow personnel access to designated work areas. Upon award of this IGSA, all names of City of Pittsburg employees, consultants, and contractors supporting this Agreement will be submitted to the MOTCO Security Specialist, through the IGSA-TR or his/her authorized representative, for vetting in DISS to ensure investigative requirements have been obtained before performance of any services. The list of employees will consist of Name, SSN, home address, and telephone number. If a City of Pittsburg employee does not have the appropriate investigative requirement to support this Agreement, the employee will be denied the ability to work in support of this Agreement. Notification of this will be provided to the IGSA-TR or his/her authorized representative upon verification by the MOTCO Security Specialist.
10. Terminal Access: City of Pittsburg employees will comply with base access and control procedures. The Visitor Center personnel will conduct a National Crime Information Center (NCIC) check on all personnel who request access to MOTCO. A MOTCO NCIC Consent form must be signed and submitted within at least seven (7) days of coming to the terminal. If there is nothing prohibiting the individual from working on the installation, they will be granted access. MOTCO Visitor Center is available between the hours of 0630 to 1430 Monday thru Friday; telephone number is (925) 246- 4174 /or e-mail [email protected].
11. Operations Security (OPSEC): All information furnished to the City of Pittsburg is to be used as Controlled Unclassified Information (CUI). The City of Pittsburg is required to be aware of OPSEC requirements from Surface Deployment and Distribution Command (SDDC). Information determined as CUI or included as part of the OPSEC Essential Elements of Friendly Information (EEFI) is not to be released to the public, unless otherwise required by law. The City of Pittsburg will refrain from, and advise all employees performing services under this Agreement, that the unauthorized disclosure (knowingly, willingly, or negligently) of information relating to MOTCO (people, information, equipment, facilities, activities, and operations) may constitute a security violation requiring an inquiry or investigation by the US Government. The City of Pittsburg and all subcontractors shall provide OPSEC protection for sensitive unclassified information and comply with all OPSEC requirements. The City of Pittsburg
12 and all subcontractors shall employ the countermeasures listed below to protect that information. These OPSEC requirements will be in effect throughout the life of the Agreement from award through the conclusion of services at the end of the period of performance or other termination of the Agreement. In any case where uncertainty or ambiguity regarding OPSEC measures, the City of Pittsburg shall consult the requirements. Whenever the DoD provides CUI to, or CUI is generated by non-DoD entities, protective measures and dissemination controls, including those directed by relevant law, regulation, or MOTCO-wide policy, will be articulated in the contract, grant, or other legal agreement, as appropriate. DoD contracts must require the City of Pittsburg to monitor CUI for aggregation and compilation based on the potential to generate classified information pursuant to security classification guidance addressing the accumulation of unclassified data or information. DoD contracts shall require the City of Pittsburg to report the potential classification of aggregated or compiled CUI to a DoD representative.
12. Protection of Sensitive Data: Per AR 530-1 Chapter 22 e. (3) Persons who knowingly, willfully, or negligently fail to protect sensitive and/or critical information from unauthorized disclosure may be subject to administrative, disciplinary, contractual, or criminal actions.
13. Force Protection Condition (FPCON) Information: FPCON Impact on Work Levels (US Installation Only): City of Pittsburg is not considered mission essential in this Agreement; therefore, access to the installation during increased FPCON CHARLIE and DELTA is not authorized.
14. Photographs and Video: Photographs and Video are prohibited in and around MOTCO unless a written request containing specific justification and details is approved by the MOTCO OPSEC Officer via the IGSA-TR. Four days' advance notice is required to obtain a photo permit. All the pictures taken must be vetted by the MOTCO OPSEC Officer before the camera leaves MOTCO. Cameras on any mobile device (phones, tablets, dash cams, etc.) are prohibited on MOTCO. All vehicles with video recording capability are prohibited from entering any of the wharves.
15. Security Regulation Compliance: The City of Pittsburg will be required to comply with all security regulations and directives as identified herein, and other security requirements located in this Agreement. The City of Pittsburg shall not divulge any financial, planning, programming, or budgeting information without the express consent of MOTCO as outlined in OPSEC and Information Security regulations. a. Department of Defense:
(1) 2000.16 (DoD Antiterrorism (AT) Standards)
(2) 5200.01 (DoD Information Security Program, 4 Vol’s) 5200.2-R (DOD Personnel Security Program)
(3) 5200.08-R (DoD Physical Security Program) 5220.22-M (National Industrial Security Program)
13 (4) 8500.1 (Information Assurance)
(5) 2000.12 (DoD Antiterrorism Program)
(6) 8500.2 (Information Assurance Implementation)
*DoD regulations found at: http://www.dtic.mil/whs/directives/corres/pub1.html b. Army:
(1) AR 25-2 (Information Assurance)
(2) AR 380-5 (Department of the Army Information Security Program) (3) AR 380-20 (Restricted Areas)
(4) AR 380-49 (Industrial Security Program) AR 380-67 (Personnel Security Program)
(5) AR 190-13 (Army Physical Security)
(6) AR 381-12 (Threat Awareness and Reporting Program)
(7) AR 525-13 (Antiterrorism)
(8) AR 530-1 (Operations Security)
(9) AR 190-11 (Physical Security of AA&E)
(10) AR 190-13 (Army Physical Security Program)
*Army regulations found at: http://armypubs.army.mil/
c. Military Surface Deployment and Distribution Command (SDDC):
(1) SDDC Regulation 190-13 (SDDC Physical Security Program) (2) SDDC Regulation 380-2 (SDDC Operations Security Program) (3) SDDC Regulation 380-5 (SDDC Information Security Program)
14 Annex 2: Safety and Explosive Hazard/ Risk Requirements SAFETY:
The following paragraphs provide information pertaining to general safety and Explosive Hazard/Risk Requirements.
1. Explosive Hazard/Risk: MOTCO port activities primarily involve the storage and transportation of military ammunition and explosives. This Annex serves as an official notification to City of Pittsburg employees working on MOTCO of the potential hazards associated with ammunition and explosives. In the event of an accidental detonation, City of Pittsburg employees and/or equipment may be subject to the following consequences depending on the quantity of explosives involved and the distance from the explosion:
a. Personnel may be killed or injured by blast, debris, or impact against hard surfaces.
b. Equipment may be destroyed or damaged by the blast or debris.
2. Evacuation Requirements: In the event of an emergency in/near/around the City of Pittsburg’s work area, which may include but is not limited to weather and/or operational emergencies, notification will be given, as applicable. When MOTCO’s lightning warning systems (LWS) shows lightning within various designated ranges (i.e. 30-to-5-mile radius), MOTCO personnel will announce on the giant voice, radio, cell phone, or in- person the status and whether evacuation is required. The MOTCO procedure for terminating ammunition operations during a thunderstorm can be found in the most recent revision of MOTCO Explosives Safety Management Program in appendix 2 “Terminating Operations Due to Lightning.” Copies may be obtained through the IGSA- TR and/or the MOTCO Safety office.
3. If City of Pittsburg personnel are instructed by the MOTCO warning systems to evacuate, immediately cease work, leave everything, and evacuate the area to a predetermined area.
4. City of Pittsburg Acknowledgement: The City of Pittsburg acknowledges the potential hazards of performing work on MOTCO when formally entering into this IGSA. The City of Pittsburg is responsible for ensuring its employees are aware of the potential hazards prior to performing work at MOTCO.
5. The City of Pittsburg is directly responsible for the safety and occupational health (SOH) standards for its employees and must comply with The Occupational Safety and Health Act of 1970; or any other applicable Federal, State, and local laws, codes, ordinances, and regulations.
6. The City of Pittsburg shall provide and maintain work environments and procedures which will safeguard the public and MOTCO personnel, property, materials, supplies, and equipment exposed to City of Pittsburg operations and activities.
15 7. The City of Pittsburg shall provide prevention plans and accident investigation procedures upon request from the IGSA-TR.
8. The City of Pittsburg shall notify the IGSA-TR of hazards that arise as a result of work or activities.
16 Annex 3: Insurance, Liability, and Miscellaneous Requirements INSURANCE:
The City of Pittsburg shall, at its own expense, provide and maintain during the entire period of this IGSA, the following insurance coverage:
General liability insurance with a minimum combined single limit of $1,000,000 per occurrence and $2,000,000 in the aggregate for all premises and operations. This policy shall include coverage for bodily injury, death, and property damage arising out of actions or omissions by the City of Pittsburg or its employees, agents, or representatives.
Comprehensive vehicular liability insurance with a combined single limit of $1,000,000 per occurrence for bodily injury and property damage.
Copies of the insurance policies shall be furnished to the IGSA-TR and IGSA-M prior to the commencement of any services under this Agreement.
LIABILITY FOR DAMAGE TO THIRD PARTIES:
The City of Pittsburg shall be liable to the United States Army for loss or damage to third parties in performance of the services, wherever performed, and for injury or death of persons resulting from the negligence or fault of the City of Pittsburg, its employees, its contractors, or agents in performance of the Agreement. The City of Pittsburg shall hold the United States harmless from claims or litigation from third parties and shall indemnify the MOTCO for all judgments against it as well as costs incurred in connection with defense of such litigation, except to the extent the claims or litigation arise from the negligence or wrongful acts or omissions of the United States Army, its officers, employees, or agents
. The United States shall not be responsible for
injuries and deaths to the City of Pittsburg’s employees or employees of its contractors, unless caused by a United States Army Officer, employee, or agent and compensable pursuant to federal legislation authorizing recovery against the United States.
DUTY TO COOPERATE IN ACCIDENTS AND DAMAGE:
The City of Pittsburg shall fully cooperate with the United States Army in investigations involving accidents or damage to property or persons on property under federal control.
The City of Pittsburg shall timely furnish to the IGSA-TR reports of investigations it completes regarding such incidents.
MEDICAL CARE IN EMERGENCIES:
In an event of an emergency, MOTCO fire department will provide first response for emergency medical service and coordinate for medical transport as needed to local medical facilities.
DRUG FREE WORKPLACE ON MILITARY INSTALLATIONS AND FACILITIES:
All property under the control of the Department of the Army are drug free areas.
Notwithstanding any contrary State or Local law, the City of Pittsburg shall notify all individuals performing services on the installation that no controlled substances as
17 specified in the Controlled Substances Act and 21 Code of Federal Regulations shall be sold, distributed, used, or consumed on the installation. The IGSA-TR may direct the City of Pittsburg to bar individuals who violate these laws and policies. Such individuals additionally may be barred from access to the installation by the installation commander.
FEDERAL HOLIDAYS:
The City of Pittsburg’s employees will not perform services during federal holidays. The federal holidays are as follows:
• New Years
• Martin Luther King Jr. Day
• President’s Day
• Memorial Day
• Juneteenth
• Independence Day
• Labor Day
• Columbus Day
• Veterans Day
• Thanksgiving Day
• Christmas Day
OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Maria M. Aliotti - Interim City Manager
SUBJECT: Adoption of a City Council Resolution Authorizing the City Manager to Execute a Cooperative Agreement with East
Contra Costa Regional Fee and Financing Authority for
Project 2041 – Bailey Road Improvements Phase I
MEETING DATE: September 15, 2025
EXECUTIVE SUMMARY
The East Contra Costa Regional Fee and Financing Authority (ECCRFFA) supports the establishment and administration of a uniform regional development fee program that funds and implements regional road improvement projects in the East County area. This resolution will authorize the execution of a Cooperative Agreement between ECCRFFA and the City of Pittsburg to fund the design phase for Project 2041 – Bailey Road Improvements Phase I (Project).
FISCAL IMPACT
This Cooperative Agreement will allow ECCRFFA to reimburse up to $5,000,000 for 97% of all eligible design phase expenses for the Project. The local match requirement will be paid for by development fair share contributions.
RECOMMENDATION
City Council adopt the attached resolution authorizing the City Manager to execute the Cooperative Agreement for Project 2041 – Bailey Road Improvements Phase I.
BACKGROUND
On August 9, 1994, Antioch, Brentwood, Pittsburg, and Contra Costa County formed the ECCRFFA, a separate joint powers agency, by entering into an agreement that would support the establishment and administration of a uniform regional development fee program that funds and implements regional road improvement projects in the East County area. Five amendments have been made between 1999 and 2024.
On August 8, 2024, the ECCRFFA Board of Directors adopted Resolution No. 2024/02, which included the adoption of the Fehr & Peers May 2024 East Contra Costa Regional Fee Program Update, adding 18 new projects to the ECCRFFA list of projects.
On June 12, 2025, the ECCRFFA Board of Directors approved the ECCRFFA Priority Projects, which included Project 2041, and adopted Resolution No. 25/11 appropriating funds to the Project.
SUBCOMMITTEE FINDINGS
This item was presented to the Infrastructure and Transportation Subcommittee on May 22, 2025.
STAFF ANALYSIS
With the completion of the majority of the priority projects identified for funding through the ECCRFFA program, the ECCRFFA Board of Directors requested each agency propose their priority projects for consideration to be added to the Strategic Plan. The City of Pittsburg requested that Bailey Road Improvements be added as our priority project. The Project will widen Bailey Road from West Leland Road to the southern city limits from two lanes to four lanes. The Project will also accommodate Class II bicycle lanes, sidewalks along Bailey Estates frontage, and a raised center median.
ECCRFFA has estimated that $25,000,000 will be available over the next 5 years for the City of Pittsburg to use for reimbursement of projects. The City of Pittsburg requested to use these funds for reimbursement for costs associated with the improvements on California Avenue as part of Project 2019 – BART Pedestrian & Bicycle Connectivity, with the remaining funds being allocated to the Project. The Project will need to be constructed in phases due to the total cost exceeding the available funds. Future phases of this Project will be constructed as funding becomes available.
ATTACHMENTS: Resolution
Cooperative Agreement 37-25
ECCRFFA Resolution 25/11
Report Prepared By: John Samuelson, Public Works Director/City Engineer
Resolution No. 25- Page 1 of 2 September 15, 2025
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Authorizing the City Manager to Execute )
A Cooperative Agreement with East )
Contra Costa Regional Fee and Financing ) RESOLUTION NO.25- Authority for Project 2041 – Bailey Road )
Improvements Phase I )
WHEREAS, on August 9, 1994, Antioch, Brentwood, Pittsburg, and Contra Costa County formed the East Contra Costa Regional Fee and Financing Authority (ECCRFFA), a separate joint powers agency, by entering into an agreement that would support the establishment and administration of a uniform regional development fee program that funds and implements regional road improvement projects in the East County area. Five amendments have been made between 1999 and 2024; and
WHEREAS, on August 8, 2024, the ECCRFFA Board of Directors adopted Resolution No. 2024/02, which included the adoption of the Fehr & Peers May 2024 East Contra Costa Regional Fee Program Update, adding 18 new projects to the ECCRFFA list of projects; and
WHEREAS, on June 12, 2025 the ECCRFFA Board of Directors approved the ECCRFFA Priority Projects, which included Project 2041 – Bailey Road Improvements Phase I (Project), and adopted Resolution No. 25/11 appropriating funds to the Project; and
WHEREAS, the Project will widen Bailey Road from West Leland Road to the southern city limits from two lanes to four lanes. The project will also accommodate Class II bicycle lanes, sidewalks along Bailey Estates frontage, and a raised center median, and
WHEREAS, this Cooperative Agreement will allow ECCRFFA to reimburse up to $5,000,000 for 97% of all eligible design phase expenses for the Project.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Pittsburg authorizes the City Manager to execute the Cooperative Agreement with the East Contra Costa Regional Fee and Financing Authority to secure funding for Project 2041 – Bailey Road Improvements Phase I.
Resolution No. 25- Page 2 of 2 September 15, 2025
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 15th day of September 2025, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
____
Jelani Killings, Mayor
ATTEST BY:
Alice E. Evenson, City Clerk
1 COOPERATIVE AGREEMENT No. 37-25
BETWEEN
EAST CONTRA COSTA REGIONAL FEE AND FINANCING AUTHORITY (ECCRFFA) AND
THE CITY OF PITTSBURG
Relative to:
Bailey Road Improvements Project
This Cooperative Agreement (“AGREEMENT”) is entered into as of June 12, 2025 (“EFFECTIVE DATE ”), by and between the East Contra Costa R egional Fee and Financing Authority ( “ECCRFFA”), a joint exercise of powers agency organized as a separate entity by the cities of Antioch, Brentwood, Oakley, and Pittsburg and the County of Contra Costa, and the City of Pittsburg (“CITY”), a municipal corporation (ECCRFFA and the CITY are sometimes collectively referred to as the “PARTIES,” and each as a “PARTY”).
RECITALS
A. ECCRFFA and the C ITY desire to enter into this AGREEMENT to define a framework to enable the two P ARTIES to work cooperatively in developing transportation improvements for the Bailey Road Improvements Project (“PROJECT”) in Contra Costa Count y. The PROJECT is more particularly described in Exhibit A.
B. The members of ECCRFFA signed a Joint Exercise of Powers Agreement (“ECCRFFA JEPA”) pertaining to the Regional Transportation Development Impact Mitigation (“RTDIM”) Fee in East Contra Costa County. ECCRFFA adopted the East Contra Costa Regional Fee Program Update on June 13, 202 4, which added the PROJECT to the RTDIM Fee Program.
C. The PROJECT will receive ECCRFFA funding , in accordance with the fifth amendment to the ECCRFFA JEPA, dated October 22, 2024 (“FIFTH JEPA AMENDMENT”). T he ECCRFFA Strategic Plan, approved on June 12 , 2025, (“STRATEGIC PLAN”) commits to providing an ECCRFFA RTDIM fee contribution of the regional share of the following PROJECT costs: PROJECT-related consultant/contractor costs related to design and construction phases (together, the “ELIGIBLE PROJECT COSTS”).
D. The CITY is managing the environmental, design, and construction processes for the PROJECT within the CITY . The CITY will seek ECCRFFA funding for ELIGIBLE PROJECT COSTS that the CITY incurs , in accordance with Exhibit C.
Subject to the STRATEGIC PLAN and the requirements of this AGREEMENT, the CITY will request those funds, and ECCRFFA will consider authorizing those funds, for specific ELIGIBLE PROJECT COSTS that the CITY incurs.
2 NOW, THEREFORE, in consideration of the foregoing, ECCRFFA and the C ITY do hereby agree as follows:
Section I.
CITY AGREES:
1. To submit to ECCRFFA requests for appropriation of funds to pay ELIGIBLE PROJECT COSTS for the construction phase of the PROJECT. Each request for appropriation must detail the PROJECT scope , schedule, and proposed funding plan, and shall meet the requirements in Exhibit C. The CITY shall deliver each request for appropriation to ECCRFFA at least sixty (60) days before the funds are needed. The CITY’s submittal of a funding request, and ECCRFFA’s approval of a funding resolution under Section II.1., does not guarantee RTDIM funds will be available to satisfy the CITY’s funding request. ECCRFFA’s obligations under any funding resolu tion are subject to the conditions more particularly described in Section II.1.
2. To apply any funds received under this AGREEMENT to the ELIGIBLE PROJECT COSTS consistent with the terms and conditions specified in the funding resolution approved by ECCRFFA.
3. To allow ECCRFFA to audit all expenditures relating to the PROJECT funded through this AGREEMENT. For the duration of the PROJECT, and for three (3) years following completion of the PROJECT, or earlier discharge of this AGREEMENT, CITY will make available to ECCRFFA and its agents and auditors all records relating to PROJECT expenses the CITY incurs in performance of this AGREEMENT.
4. To provide invoices and progress reports to ECCRFFA, consistent with the requirements of Exhibit C, along with the summary of expenditures to date, and to maintain strict accounting of all ELIGIBLE PROJECT COSTS for which future reimbursement will be requested.
5. Each year during the term of this AGREEMENT, t o prepare and provide ECCRFFA, within ninety (90) days of the last day of ECCRFFA’s fiscal year , a report that itemizes both (a) the expenditure of all funds received from ECCRFFA for ELIGIBLE PROJECT COSTS during the fiscal year for which the report is prepared, and (b) progress to date in CITY’s implementation of the PROJECT during the fiscal year for which the report is prepared.
6. To comply with Contra Costa Transportation Authority’s ( “CCTA”) Policy on the Implementation of Measure J Projects ( CCTA Resolution 08- 13-P) and all other applicable policies that CCTA or ECCRFFA may adopt in the future.
3 7. To be responsible for evaluating prospective consultants and contractors to be retained by the CITY and, subsequently awarding contracts for the PROJECT - related work contemplated in this AGREEMENT , consistent with this AGREEMENT and any appropriation resolutions adopted by ECCRFFA in the future.
8. Upon ECCRFFA’s request, to provide ECCRFFA copies of all executed contracts and other PROJECT documents between the CITY and consultants, contractors , and others involved in the PROJECT. The CITY shall retain all c opies of such executed contracts during PROJECT implementation, and for three (3) years following completion of PROJECT , or the earlier discharge of this AGREEMENT under Section III.2.
9. To oversee and manage PROJECT consultant and contractor activities, including responsibility for schedule, budget , and oversight of the services, consistent with the scope of ECCRFFA funding resolutions.
10. If the PROJECT involves any further right -of-way acquisition, to follow the requirements of state law and the Federal Uniform Acquisition and Relocation Assistance Act and, if applicable, to transfer net proceeds, after deducting auditable costs of sales, to ECCRFFA resulting from the sale of excess lands purchased in whole or in part with RTDIM funds, in the same proportion to the net proceeds as the original con tribution of such RTDIM funds was to the purchase price of the original parcel.
11. To obtain all permits, licenses, and land rights necessary for construction of the PROJECT.
12. ECCRFFA’s contribution of RTDIM funds to the PROJECT under this AGREEMENT shall not exceed the regional component of the PROJECT, as more particularly described in the STRATEGIC PLAN, which may be updated from time to time by ECCRFFA.
Section II.
ECCRFFA AGREES:
1. In response to a CITY request for appropriation of funds for ELIGIBLE PROJECT COSTS, to consider, within 60 days after receiving such request, whether to adopt a funding reso lution, provided that notice of cancellation or termination of this AGREEMENT pursuant to Section III.2. has not been given. ECCRFFA, in its sole discretion, may adopt a funding resolution for ELIGIBLE PROJECT COSTS before ECCRFFA actually has RTDIM funds available to pay the CITY for those costs.
Subject to the PROJECT’s inclusion in ECCRFFA’s Strategic Plan and subject to availability of RTDIM funds collected, ECCRFFA’S obligation to provide the CITY funds for ELIGIBLE PROJECT COSTS under an adopted funding resolution is
4 expressly made subject to ECCRFFA ’s receipt of sufficient RTDIM funds to both (a) meet other ECCRFFA obligations, and (b) to provide funding under the funding resolution, both as determined by ECCRFFA in its sole discretion. ECCRFFA’s contribution of RTDIM funds shall not exceed ELIGIBLE PROJECT COSTS, whenever incurred, in accordance with the STRATEGIC PLAN. Upon ECCRFFA’s adoption of a funding resolution providing RTDIM funds for ELIGIBLE PROJECT COSTS under this AGREEMENT, the resolution shall be deemed to be incorporated into Exhibit B and, by this reference, made a part of this AGREEMENT notwithstanding the requirements of Section III.7. Each funding resolution will include additional conditions, if any, and the purpose and timing, or projected timing , for release of RTDIM funds to the CITY for the ELIGIBLE PROJECT COSTS. A chronological listing of appropriation resolutions will be included in and made a part of Exhibit B, which is hereby incorporated into this AGREEMENT and made a part hereof. Exhibit B will be updated with each new appropriation resolution. Each request for appropriation of funds will include the most current ECCRFFA overall financial plan for the PROJECT.
2. To provide at least thirty (30) days’ advance notice to the CITY if an audit is to be conducted.
3. To provide CITY copies of all future updates of the STRATEGIC PLAN. ECCRFFA shall have sole discretion to revise and update its STRATEGIC PLAN from time to time in the future, to adjust funding commitments for all projects funded with RTDIM funds, provided that ECCRFFA’s funding commitment to the PROJECT shall not exceed the ELIGIBLE PROJECT COSTS.
Section III.
IT IS MUTUALLY AGREED:
1. Term: This AGREEMENT will remain in effect until it is discharged, cancelled, or terminated in accordance with Section III.2., excepting only those sections that expressly survive such discharge, cancellation, or termination, as set forth in Section III.14.
2. Discharge: This AGREEMENT shall be subject to discharge as follows:
a. Except for breach, which is covered in Section III.2(b) below, either P ARTY may terminate this AGREEMENT at any time, pursuant to a power created by this AGREEMENT or by law, for causes beyond the control and without the fault or negligence of said PARTY, including any force majeure event, if such causes irrevocably disrupt or render said PARTY ’s performance impossible under this AGREEMENT. The terminating PARTY shall give written notice of termination under this Section III.2(a) to the other PARTY, specifying both the cause for the termination and the effective date of the termination. Notice of
5 termination under this Section III.2(a) shall be given at least ninety (90) days before the effective date of such termination.
b. This AGREEMENT may be cancelled by a PARTY for breach of any obligation, covenant or condition set forth in this Agreement by the other PARTY, upon notice to the breaching Party. With respect to any breach which is reasonably capable of being cured, the breaching PARTY shall have thirty (30) days from the date of the notice to initiate steps to cure. If the breaching PARTY diligently pursues cure, such PARTY shall be allowed reasonable time to cure, not to exceed sixty (60) days from the date of the initial notice, unless a further extension is granted by the non- breaching PARTY. On cancellation, the non- breaching PARTY retains the same rights as a PARTY exercising its right to terminate under the provisions of Section III.2(a) and said cancel ling PARTY also retains any remedy for breach of the whole AGREEMENT or any unperformed balance.
c. By mutual written consent of both P ARTIES, this AGREEMENT may be terminated at any time.
3. Indemnity: It is mutually understood and agreed, relative to the reciprocal indemnification of ECCRFFA and the CITY:
a. That neither ECCRFFA, nor any officer, employee, director, agent or subcontractor thereof, shall be responsible for, and the CITY shall fully defend, indemnify, and hold harmless ECCRFFA, its officers, agents, employees, and member agencies against , any damage or liability occurring by reason of anything done or omitted to be done by the CITY, its officers, agents, employees, consultants, or contractors under or in connection with any work, authority, or jurisdiction delegated to the CITY under this AGREEMENT. It is also understood and agreed that, pursuant to Government Code Section 895.4, the CITY shall fully defend, indemnify, and hold ECCRFFA, its officers, agents, employees, and member agencies harmless for any liability imposed for injury, as defined by Government Code Section 810.8, occurring by reason of anything done or omitted to be done by the CITY, its officers, agents, employees, consultants, or contractors under this AGREEMENT or in connection with any work, authority, or jurisdiction delegated to the CITY under this AGREEMENT.
b. That neither the CITY, nor any officer, employee, director, agent or subcontractor thereof, shall be responsible for, and ECCRFFA shall fully indemnify and hold harmless the CITY against , any damage or liability occurring by reason of anything done or omitted to be done by ECCRFFA under or in connection with any work, authority , or jurisdiction delegated to ECCRFFA under this AGREEMENT. It is also understood and agreed that, pursuant to Government Code Section 895.4, ECCRFFA shall fully indemnify and hold the CITY harmless from any liability imposed for injury, as defined by
6 Government Code Section 810.8, occurring by reason of anything done or omitted to be done by ECCRFFA under this AGREEMENT or in connection with any work, authority, or jurisdiction delegated to ECCRFFA under this AGREEMENT.
4. Notices: Any notice which may be required under this AGREEMENT shall be in writing, shall be effective when received, and shall be given by personal service, or by certified or registered mail, return receipt requested, to the addresses set forth below, or to suc h addresses which may be specified in writing to the PARTIES hereto.
CITY: City of Pittsburg
ATTN: City Manager
65 Civic Avenue
Pittsburg, CA 94565
ECCRFFA: ECCRFFA Program Manager
Contra Costa County Public Works Department
255 Glacier Drive
Martinez, CA 94553
5. Recitals: The recitals are true and correct and are incorporated in and a part of this AGREEMENT.
6. Additional Acts and Documents: Each PARTY agrees to do all such things and take all such actions, and to make, execute and deliver such other documents and instruments, as shall be reasonably requested to carry out the provisions, intent, and purpose of this AGREEMENT.
7. Integration: This AGREEMENT represents the entire agreement of the PARTIES with respect to the subject matter hereof. No representations, warranties, inducements or oral agreements have been made by any of the PARTIES except as expressly set forth herein, or in other contemporaneous written agreements.
8. Amendment: This AGREEMENT may not be changed, modified, or rescinded except in writing, signed by all P ARTIES hereto, and any attempt at oral modification of this AGREEMENT shall be void and of no effect.
9. Independent Agency: ECCRFFA acts under this AGREEMENT as an independent agency. None of ECCRFFA’s agents or employees shall be agents or employees of the CITY. The CITY acts under this AGREEMENT as an independent agency. None of the CITY’s agents or employees shall be agents or employees of ECCRFFA.
7 10. Assignment: This AGREEMENT may not be assigned, transferred, hypothecated, or pledged by any P ARTY without the express written consent of the other PARTY.
11. Binding on Successors: This AGREEMENT shall be binding upon the successors, assignees, and transferees of ECCRFFA and the CITY. This provision shall not be construed as an authorization to assign, transfer, hypothecate, or pledge this AGREEMENT other than as provided above.
12. Severability: Should any part of this AGREEMENT be determined to be unenforceable, invalid, or beyond authority of either PARTY to enter into or carry out, such determination shall not affect the validity of the remainder of this AGREEMENT which shall continue in full force and effect; provided that, the remainder of this AGREEMENT can, absent the excised portion, be reasonably interpreted to give effect to the intentions of the PARTIES.
13. Counterparts: This AGREEMENT may be executed in one or more counterparts, each of which shall be deemed an original.
14. Survival: Notwithstanding anything to the contrary in this AGREEMENT, t he following provisions in this AGREEMENT shall survive the cancellation, expiration, discharge, or termination of this AGREEMENT:
a. As to the CITY:
Section I.2. (obligation to apply funds to PROJECT)
Section I.3. (obligation to allow audit and retain records) Section I.4. (obligation to provide remaining invoices and progress reports) Section I.5. (for the year in which termination occurs only, to prepare an annual report to the ECCRFFA)
Section I.8. (obligation to provide copies)
Section I.9. (obligation to continue to manage PROJECT) Section I.10. (obligation to reimburse funds on sale of excess land)
b. As to ECCRFFA:
Section II.3. (obligation to provide notice of audit)
c. As to both PARTIES:
Section III.3. (indemnity obligations)
Section III.11. (successors, assignees, and transferees)
15. Limitations:
a. All obligations of ECCRFFA under the terms of this AGREEMENT are expressly subject to ECCRFFA’s continued authorization to collect and expend RTDIM fees in East Contra Costa County, as well as the availability of funding, taking into consideration all of the obligations of ECCRFFA under all
8 outstanding contracts, agreements and other obligations of ECCRFFA in connection with funds for such purposes. T he availability of RTDIM funds is based on the collection of development fees, which are not a guaranteed revenue stream. If, for any reason, ECCRFFA’s right to collect or expend such RTDIM funds is terminated or suspended in whole or part, or if the amount of fees being collected falls short of the projections in the STRATEGIC PLAN, as may be amended from time to time, ECCRFFA shall promptly notify the CITY in writing , and the PARTIES shall consult on a cour se of action. If, after twenty-five (25) days, a course of action is not agreed upon by the PARTIES, this AGREEMENT shall be deemed terminated by mutual or joint consent.
b. This AGREEMENT does not guarantee that RTDIM funds will be available for the purposes of this AGREEMENT at the time that the CITY requests funds for ELIGIBLE PROJECT COSTS, according to any funding schedule adopted by the CITY , or at the time ECCRFFA adopts a funding resolution .
ECCRFFA’s adoption, amendment, or revision of the STRATEGIC PLAN also does not guarantee that RTDIM funds will be available according to the projected schedule of availability of funds in the STRATEGIC PLAN, as adopted, amended, or revised.
16. No Third-Party Beneficiaries. Nothing in this AGREEMENT, express or implied, is intended to confer on any person other than the PARTIES and their successors and assigns any rights or remedies by reason of this AGREEMENT.
17. Governing Law; Construction. This AGREEMENT shall be governed and construed in accordance with California law. The section headings and captions of this AGREEMENT are, and the arrangement of this AGREEMENT is, for the sole convenience of the PARTIES to this AGREEMENT. The section headings, captions, and arrangement of this AGREEMENT do not in any way affect, limit, amplify, or modify the terms and provisions of this A GREEMENT. This AGREEMENT shall not be construed as if it had been prepared by one of the PARTIES, but rather as if both PARTIES have prepared it. The PARTIES to this AGREEMENT and their attorneys have read and reviewed this AGREEMENT and agree that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply to the interpretation of this AGREEMENT.
18. Waiver. A waiver of breach of any covenant or provision in this A GREEMENT shall not be deemed a waiver of any other covenant or provision in this AGREEMENT, and no waiver shall be valid unless in writing and executed by the waiving PARTY.
The PARTIES have executed this Agreement as of the EFFECTIVE DATE.
9 EAS T CONTRA COSTA REGIONAL
FEE & FINANCING AUTHORITY
______
________________________
Dale Dennis, Program Manager
Appr
oved as to Form:
Thomas L. Geiger, County Counsel
______
_______________________
CITY OF PITTSBURG
___________________________
Maria M. Aliotti, Interim City
Manager
Approved as to Form:
___________________________
Donna Mooney, City Attorney
By Stephen M. Siptroth
Assi
stant County Counsel
At
tachments
Exhibit A Description of the Bailey Road Improvements Project Exhibit B Compensation Schedule (Listing of Funding Resolutions) Exhibit C Method of Payment
1 COOPERATIVE AGREEMENT No. 37-25
BETWEEN
EAST CONTRA COSTA REGIONAL FEE AND FINANCING AUTHORITY (ECCRFFA) AND
THE CITY OF PITTSBURG
EXHIBIT A
DESCRIPTION OF THE PROJECT
The Bailey Road Improvements Project (Project) will widen Bailey Road from 2- lanes to 4-lanes from West Leland Road to the southern City limit shared with the City of Concord.
The Project will include sidewalks /shoulders, bicycle lanes, and a raised center median with turn lanes.
2 COOPERATIVE AGREEMENT No. 37-25
BETWEEN
EAST CONTRA COSTA REGIONAL FEE AND FINANCING AUTHORITY (ECCRFFA) AND
THE CITY OF PITTSBURG
EXHIBIT B
COMPENSATION SCHEDULE
Chronological Listing of ECCRFFA Fund Appropriation Resolutions
Project
Number
Resolution
Number
DATE
FUNDS
APPROPRIATED
CUMULATIVE
TOTAL
0 TOTAL FUNDS
APPRORIATED
0
3 COOPERATIVE AGREEMENT No. 37-25
BETWEEN
EAST CONTRA COSTA REGIONAL FEE AND FINANCING AUTHORITY (ECCRFFA) AND
THE CITY OF PITTSBURG
EXHIBIT C
METHOD OF PAYMENT
1. The CITY will submit, no more often than monthly, invoices to ECCRFFA which include all costs of the PROJECT for which RTDIM funds are being requested for the stated time period.
2. The invoice shall include the following information. An invoice shall request ECCRFFA funding for only ELIGIBLE PROJECT COSTS:
A. ELIGIBLE PROJECT COSTS include the regional share of the Construction- phase costs (i.e., construction and construction management) for the PROJECT. The City share of the ELIGIBLE PROJECT COSTS is 0% and the ECCRFFA share (regional) is 100%.
B. Invoices should include the following:
a) A listing of the prime consultant/contractor and any sub- consultant/sub- contractor labor costs, broken out by funding resolution.
b) An itemized list of all other non-labor costs with identification of the activity to which the expense is chargeable.
c) The invoice submitted by the CITY should include a copy of the consultant/contractor invoice as backup to the above information.
C. Certification
The following statement will be included in each monthly invoice submitted by the CITY: “We hereby certify that the funds requested by the City of Pittsburg are to reimburse the City of Pittsburg for project costs already incurred and have not been included in a previous invoice request.”
D. Progress reports
The CITY will submit a progress report that summarizes the activities covered by the invoice.
4 3. Subject to the provisions of a funding resolution adopted by ECCRFFA’s Board of Directors and the requirements of the AGREEMENT, ECCRFFA will process reimbursement to the CITY within sixty (60) calendar days after receipt by ECCRFFA of a n invoice, containing all of the information required under item 2 above. ECCRFFA reserves the right to adjust future reimbursements should subsequent review indicate that an invoice includes ineligible costs.
EAST CONTRA COSTA
REGIONAL FEE AND FINANCING AUTHORITY
Antioch – Brentwood – Pittsburg – Pittsburg and Contra Costa County B
oard of Directors:
Susannah Meyer, City of Brentwood - Chair
Aaron Meadows, City of Oakley - Vice Chair
Juan Banales, City of Pittsburg
Diane Burgis, Contra Costa County
Ron Bernal, City of Antioch
APPROPRIATION RESOLUTION NO. 25/11 A RESOLUTION OF THE EAST CONTRA COSTA
REGIONAL FEE AND FINANCING AUTHORITY (ECCRFFA) APPROPRIATING FUNDS TO
THE BAILEY ROAD IMPROVEMENTS PROJECT IN ACCORDANCE WITH COOPERATIVE AGREEMENT NO. 37-25 BETWEEN ECCRFFA
AND CITY OF PITTSBURG (CITY)
FOR THE BAILEY ROAD IMPROVEMENTS PROJECT
WHEREAS, the East Contra Costa Regional Fee and Financing Authority (“ECCRFFA”) Strategic Plan, dated June 12 , 2025, (“Strategic Plan”) includes $5,000,000 for the California Avenue Project (“PROJECT”); and
WHEREAS, ECCRFFA and CITY have entered into a Cooperative Agreement No. 37-25 regarding the funding of the PROJECT; and
WHEREAS, CITY has submitted a Request for Appropr iation of Funds (“Request”) and an overall financial plan for the PROJECT pursuant to Cooperative Agreement No. 37-25; and WHEREAS, ECCRFFA’s Program Manager has reviewed the Request and has determined that (1) the Request is for Eligible Project Costs, as defined in Cooperative Agreement No. 37-25, and (2) the request is consistent with the most recent ECCRFFA Strategic Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE EAST CONTRA COSTA REGIONAL FEE AND FINANCING AUTHORITY, AS FOLLOWS:
RESOLVED, that the Request is consistent with the Strategic Plan and Cooperative Agreement No. 37-25; and
RESOLVED, that the scope of work and conditions set forth in Attachment A of this RESOLUTION, which is incorporated herein as set though set forth at length, are hereby approved; and
ATTACHMENT A
EAST CONTRA CITY REGIONAL FEE AND FINANCING AUTHORITY
APPROPRIATION RESOLUTION NO. 25/11
Date: June 12, 2025
Amount of Funds: $5,000,000
Appropriated to: City of Pittsburg
Specific Project: Bailey Road Improvements (Project)
Appropriated For: Project Development Costs for Project.
Scope of Work: Environmental, Design or R/W Phases
Other Conditions:
1. Subject to the PROJECT’s inclusion in ECCRFFA’s Strategic Plan and subject to availability of RTDIM funds collected , ECCRFFA’S obligation to provide the CITY funds for ELIGIBLE PROJECT COSTS under an adopted funding resolution is expressly made subject to ECCRFFA’s receipt of sufficient RTDIM funds to both (a) meet other ECCRFFA obligations, and (b) provide funding under the funding resolution, both as determined by ECCRFFA in its sole discretion.
2. ECCRFFA regional share of the Project Development Costs is 97% of the actual Project Development Costs and may be more or less than the allocation of $ 5,000,000. If the costs come in higher than $5,000,000, CITY would need to return to ECCRFFA to request additional funding.
3. ECCRFFA’s obligations under this funding resolution are subject to the terms and conditions of Cooperative Agreement No. 37-25.
Staff Comments: None
ATTACHMENT A
EAST CONTRA CITY REGIONAL FEE AND FINANCING AUTHORITY
APPROPRIATION RESOLUTION NO. 25/11
Total Funds Programmed in the East Contra Costa Regional Fee and Financing Authority Strategic Plan approved on June 12, 2025, for the entire Bailey Road Improvements Project (ECCRFFA’s Strategic Plan currently in effect):
Period Amount
FY 2025/26 $5,000,000
Total $5,000,000
Total Authorization to Date:
Total funds appropriated to date under Cooperative Agreement No. 37-25 for the Project, including this appropriation, are $5,000,000.
Resolution Adopted: 06/12/2025
Appropriation Resolution No: 25/11
Coop Agreement No: 37-25
Project Sponsor: CITY
Resolution Amount: $5,000,000
ATTACHMENT B
EAST CONTRA COUNTY REGIONAL FEE AND FINANCING AUTHORITY APPROPRIATION RESOLUTION NO. 25/11
COOPERATIVE AGREEMENT No. 37-25
between
EAST CONTRA COUNTY REGIONAL FEE AND FINANCING AUTHORITY and
CITY OF PITTBURG
EXHIBIT B
Chronological Listing of Fund Appropriation Resolutions
Project Name
Resolution
Number
DATE
FUNDS
APPROPRIATED
CUMULATIVE
TOTAL
Bailey Road Improvements
Project
25/11
6/12/2025
$5,000,000
$5,000,000
TOTAL FUNDS APPROPRIATED: $5,000,000
Combined Agency/City Council Minutes Page 1 of 4 August 18, 2025
CITY OF PITTSBURG
CITY COUNCIL/AGENCY CONCURRENT MEETING MINUTES
DATE: August 18, 2025
LOCATION: Council Chamber, City Hall, 65 Civic Avenue, Pittsburg, CA 94565
CITY COUNCIL/AGENCY MEMBERS
Jelani Killings, Mayor/Chair
Dionne Adams, Vice-Mayor/Chair
Angelica Lopez, Council/Agency Member
Juan Antonio Banales, Council/Agency Member
Arlene Kobata, 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 Killings called the regular meeting to order at 7:05 P.M. in the Council Chamber at City Hall, 65 Civic Avenue Pittsburg, CA. after having convened in Closed Session at 5:47 P.M. for the following Closed Session:
1. PUBLIC EMPLOYMENT Pursuant to Section 54957
City Manager
Substitute City Attorney Crowl stated that the City Council provided direction to staff, and there were no reportable actions taken.
2. CONFERENCE WITH LABOR NEGOTIATORS Pursuant to Section 54957.6:
City designated representatives: Garrett Evans, Maria Aliotti, Jennifer Brizel, Jordan Davis
Employee organizations: Pittsburg Police Managers Group
Substitute City Attorney Crowl stated that negotiation staff provided an update to the City Council and there were no reportable actions taken.
ROLL CALL
All members were present.
PLEDGE OF ALLEGIANCE
Mayor Killings led the Pledge of Allegiance.
PRESENTATIONS
3. 2025 Pittsburg Promise Community Scholarship Awards
Combined Agency/City Council Minutes Page 2 of 4 August 18, 2025
CITY MANAGER REPORTS/REMARKS
City Manager Evans thanked Public Works staff for the landscape work that is being done at City Hall. He also mentioned that he wanted to work with the Mayor on the creation of an Ad-Hoc Subcommittee that would focus on Data Center, and Hydrogen projects.
Assistant City Manager Aliotti gave an update on upcoming community events.
PUBLIC COMMENTS
Michelle Heller, Pittsburg spoke about low police presence in her neighborhood. She mentioned a home invasion and car break-in and asked for police to patrol the area more.
COMMITTEE REPORTS
Member Banales attended the Finance Subcommittee meeting.
Mayor Killings attended the Pittsburg Arts and Community Foundation (PACF) Subcommittee meeting.
CONSIDERATION
7. Adoption of a City Council Resolution Approving the Five-Year Capital Improvement Program for Fiscal Years 2025/26 Through 2029/30 and Allocating Funding for Fiscal Year 2025/26
On Motion by Vice Mayor Adams, seconded by Member Kobata and adopted unanimously.
8. Adoption of a City Council Resolution Authorizing an Agreement with BKF Engineers for the Design of Project 3038-West Leland Road Extension Phase II
Vice Mayor Adams recused herself from this item due to the proximity of her residence.
She left the Dais at 7:37 P.M.
On Motion by Member Lopez, seconded by Member Banales and adopted by the following vote:
AYES: Banales, Kobata, Lopez, Killings
ABSENT: Adams [Recused]
Member Adams returned to the Dais at 7:43 P.M.
CONFLICT OF INTEREST STATEMENT
Vice Mayor Adams recused herself from consent calendar item # 11 due to her employer being Pacific Gas & Electric Company.
Combined Agency/City Council Minutes Page 3 of 4 August 18, 2025
COMBINED CITY COUNCIL, PITTSBURG ARTS AND COMMUNITY FOUNDATION,
PITTSBURG POWER COMPANY, SOUTHWEST PITTSBURG GHAD II AND SUCCESSOR
AGENCY CONSENT CALENDAR
On Motion by Member Banales, seconded by Member Kobata and adopted unanimously.
9. Minutes of July 21, 2025
10. Adoption of a City Council Resolution Accepting Project 4077 - 2024/25 CDBG ADA Curb Ramp Installation as Complete, Allocate Additional Funds, and Authorizing the City Engineer to File a Notice of Completion
11. Adoption of a City Council Resolution Granting an Easement to Pacific Gas & Electric to Provide Service for the Premiere Fields Project
12. Adoption of a City Council Resolution Authorizing the Application for a Land and Water Conservation Fund Grant Funding for the Pittsburg Premier Fields Project and Accepting and Allocating Awarded Funds
13. Adoption of a City Council Resolution Authorizing the Execution of a Second Amendment with West Yost and Associates, Inc. for Project 5067 Water Treatment Plant Filtration Improvements and Hypochlorite Conversion
14. Adoption of a City Council Resolution Accepting Project 1754 – City Park Restroom Facility as Complete and Authorizing the City Engineer to File a Notice of Completion
15. Adoption of a City Council Resolution Accepting the Plans and Specifications and Awarding Project 3022 – Riverview Park Fishing Pier Repairs
16. Adoption of a City Council Resolution Amending the Master Pay Schedule as Required by California Public Employees’ Retirement System
17. Adoption of a City Council Resolution Authorizing an Agreement with the City of Concord for Project 2044-Bailey Road Pavement Repair
18. Adoption of a City Council Resolution Authorizing Reimbursement to Developer for Infrastructure Costs Incurred in Community Facilities District (CFD) 2009-01 San Marco
19. Adoption of a Pittsburg Power Company Resolution Approving the Conduit Nonexclusive Lease and License Agreement between Pittsburg Power Company and Smart Fiber Networks
20. Adoption of a Southwest Geological Hazard Abatement District II (GHAD II) Resolution Authorizing Execution of an Agreement with Sadek Derrega Consulting Engineer to Provide Geotechnical Oversight of the Montreux Subdivision
COUNCIL REQUEST FOR FUTURE AGENDA ITEMS
There were no requests for future agenda items.
Combined Agency/City Council Minutes Page 4 of 4 August 18, 2025
PROCLAMATIONS
21. Inspire Pittsburg – Garrett Evans
COUNCIL MEMBER REMARKS
The City Council expressed their appreciation, and each offered farewell remarks to retiring City Manager Evans.
ADJOURNMENT
The meeting adjourned at 8:01 P.M. to September 15, 2025.
Respectfully submitted,
Alice E. Evenson, City Clerk
OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Maria M. Aliotti - Interim City Manager
SUBJECT: Receive and File the Treasurer’s Report for the Quarter Ending June 30, 2025
MEETING DATE: September 15, 2025
EXECUTIVE SUMMARY
Each fiscal quarter, an Investment Summary Report is provided to the City Council for review. The report includes the combined detailed information of the City and the Successor Agency’s (Agency) investments, which are compliant with the City and Agency’s Investment Policies. This Treasurer's Report is for the fiscal quarter ending June 30, 2025.
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, 2025, will be reflected in the City’s financial statements for Fiscal Year 2024-25 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. 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, 2025 for information purposes only.
BACKGROUND
On April 21, 1997, the City Council adopted Resolution 97-8448, which established the City's Investment Policy with its primary objectives of safety, liquidity, and yield. The Investment Policy may be reviewed annually and revisions are made on an as needed basis.
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 is 1.31%, compared to the City performance benchmark of 1.18%, the Intercontinental Exchange Bank of America Merrill Lynch (ICE BAML) 1-3 Year U.S.
Treasury/Agency Index. Since inception (08/01/2018), the portfolio’s total return through the quarter end is 2.44%, which is slightly higher than the benchmark return of
2.14% for the same period. Total returns for the quarter and since inception reflect fluctuations in market value.
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 Investment Report detailing an economic
update, account profile, and investment activity for the quarter ending June 30, 2025.
Attachments: Letter from City Treasurer
Investment Report by Chandler Asset Management
Report Prepared By: Christina Nguyen, Accountant II
INVESTMENT REPORT
City of Pittsburg | As of June 30, 2025
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.
TABLE OF CONTENTS
ECONOMIC UPDATE
ACCOUNT PROFILE
CONSOLIDATED INFORMATION
PORTFOLIO HOLDINGS
TRANSACTIONS
1
ECONOMIC UPDATE
2
▪
▪
▪
Recent economic data suggest slower growth in 2025 and greater market uncertainty as the effects of fiscal policy unfold. Inflationary trends have subsided, but some components remain sticky, and core levels remain above the Fed’s target. The labor market reflects improved balance between supply and demand for workers. While job creation has moderated, the unemployment rate remains low; however, continuing jobless claims remain elevated implying a less robust labor market. Given the economic outlook, we expect gradual normalization of monetary policy and a steepening yield curve.
As broadly anticipated, the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged at the range of 4.25 - 4.50% at the June meeting. Fed Chair Powell continued to emphasize the Committee’s “waitand see” approach amidst economic uncertainty that remains elevated but diminished. Federal Reserve officials continued to pencil in two rate cuts in 2025.
US Treasury yields declined in June. The 2-year Treasury yield fell 18 basis points to 3.72%, the 5-year Treasury dropped 17 basis points to
3.80%, and the 10-year Treasury yield also declined 17 basis points to 4.23%. The spread between the 2-year and 10-year Treasury yield points on the curve edged up to +51 basis points at June month-end versus +50 basis points at May month-end. The spread between the 2- year Treasury and 10-year Treasury yield one year ago was -36 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve was -7 basis points in June, versus -6 basis points in May.
ECONOMIC UPDATE
3
-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 147,000 jobs in June, exceeding consensus expectations, and the last two months were revised up by 16,000.
Gains were primarily driven by state and local government education, while job growth in service sectors languished. The three-month moving average and six-month moving average payrolls totaled 150,000 and 130,000 respectively. The unemployment rate declined to
4.1% in June from 4.2% in May, due to a shrinking labor force. The labor participation rate dipped to 62.3%, remaining below the pre- pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons dropped to 7.7% in June. Average hourly earnings fell slightly, marking a 3.7% year-over-year increase.
Source: US Department of Labor Source: US Department of Labor
EMPLOYMENT
4
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 Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) unexpectedly roseto 7.77 million new job openings in May from
7.40 million in April. Layoffs declined and the quits rate increased. Job openings indicate a ratio of approximately 1.1 jobs for each unemployed individual, representing a relatively balanced labor market.
Source: US Department of Labor
JOB OPENINGS & LABOR TURNOVER SURVEY
5
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 Core Deflator YOY % Change
Fed Target
YOY (%) Change
In June, the Consumer Price Index (CPI) increased 0.3% month-over-month and rose 2.7% year-over-year, while the Core CPI rose 0.2% month-over-month and 2.9% year-over-year. The Personal Consumption Expenditures (PCE) price index increased 0.1% month-over-month and rose 2.3% year-over-yearin May. The Core PCE deflator, which excludes food and energy and is the Fed’s preferred gauge, increased
0.2% month-over-month and 2.7% year-over-year,up from April’s 2.6% year-over-year increase. Although inflation has trended toward the Federal Reserve’s 2% target, the overall impact of tariff policy has not yet fully flowed through to the US economy.
Source: US Department of Labor Source: US Department of Commerce
INFLATION
6
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Retail Sales YOY % Change
YOY (%) Change
Advance Retail Sales were up 0.6% month-over-month in June, rebounding from a 0.9% decline in May and exceeding consensus forecasts. Auto sales led the increase. Control group sales, which feed into GDP, increased by 0.5%. On a year-over-year basis, Retail Sales grew 3.9% in June, following a 3.3% increase in May. The Conference Board’s Consumer Confidence Index droppedto 93.0 in June from 98.4 in May, as consumers’ assessment of both the current situation and future expectations for income and labor markets soured.
While the consumer has been resilient, elevated inflation expectations, concerns about trade policies and tariffs, and general economic and policy uncertainty could pose potential risks to future spending. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)
CONSUMER
7
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
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) fell by 0.3% in June, following a flat reading in May. The LEI decreased by 4.0% year- over-year. The Conference Board is expecting economic growth to slow substantially in 2025 due to consumer pessimism, persistently soft manufacturing new orders, and rising first-time jobless claims. The Chicago Fed National Activity Index (CFNAI) improved slightly to -0.10 in June from an upwardly revised -0.16 in May. The three-month moving average dropped to -0.22 in June from -0.14 in May, indicating below trend growth.
Source: The Conference Board Source: Federal Reserve Bank of Chicago
LEADING INDICATORS OF ECONOMIC ACTIVITY
8
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts increased 4.6% month-over-month in June to a seasonally adjusted annual rate of 1.321 million units. Multi-family starts drove the gain, while single-family starts fell on weak buyer demand. The Freddie Mac 30-year fixed rate mortgage averaged approximately 6.8% in June. According to the Case-Shiller 20-City Home Price Index, housing prices rose 3.4% year-over-year in April, compared to 4.1% in March. Limited inventory, elevated mortgage rates, and lack of affordability continue to weigh on the housing market.
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
HOUSING
9
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 edged up to 49.0 in June from 48.5 in May, indicating a continuation of modest contraction in the sector. Inventories and production improved as companies worked through backlogs, while employment and new orders contracted. The ISM Services index increased to 50.8 in June from 49.9 in May, as new orders improved. However, ongoing concerns about the impact of tariffs remain. A reading over 50 indicates expansion, while a reading under 50 indicates contraction.
Source: Institute for Supply Management
SURVEY BASED MEASURES
10
Components of GDP 6/24 9/24 12/24 3/25
1.9% 2.5% 2.7% 0.3%
1.5% 0.2% -1.0% 3.9%
-0.9% -0.4% 0.3% -4.6%
0.3% 0.6% 0.3% -0.3%
0.3% 0.3% 0.3% 0.2%
3.0% 3.1% 2.5% -0.5%
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 Real GDP decreased at an annualized rate of 0.5% in the first quarter of 2025, according to the third and final estimate from the Bureauof Economic Analysis, a downward revision from the previously estimated 0.2% decline. This marks the first negative quarter since 2022.
The primary driver of the downward revision was weaker personal consumption expenditures. Net exports remained the primary drag on growth, as imports rose sharply in anticipation of higher tariffs. Gross investment contributed positively, powered by business decisions to get ahead of possible cost increases. The consensus projection calls for 2.1% growth for the second quarter and 1.5% for the full year 2025.
GROSS DOMESTIC PRODUCT (GDP)
11
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
Recession
In $ millions
As broadly anticipated, the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged at the range of 4.25 - 4.50% at the June meeting. In the Summaryof Economic Projections (SEP), Federal Reserve officials continued to pencil in two rate cuts in 2025, while downgrading estimates for economic growth and raising forecasts for both unemployment and inflation this year. The statement indicated that uncertainty about the economic outlook remained elevatedbut had diminished. The monthly redemption capon Treasuries will remain at $5 billion, while the cap on agencies and mortgage-backed securities will be maintained at $35 billion. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by about $2.2 trillion to approximately $6.7 trillion.
FEDERAL RESERVE
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12
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-25
Mar-25
Jun-24
Yield (%)
At the end of June, the 2-year Treasury yield was 103 basis points lower, and the 10-Year Treasury yield was 17 basis points lower, year- over-year. The spread between the 2-year and 10-year Treasury yield pointson the curve edged up to +51 basis points at June month-end versus +50 basis points at May month-end. The recent yield curve inversion which began in July 2022 was historically long. The average historical spread (since 2005) is about +99 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve was -7 basis points in June, versus -6 basis points in May.
BOND YIELDS
13
ACCOUNT PROFILE
14
OBJECTIVES
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.
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.
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. 15
STATEMENT OF COMPLIANCE
City of Pittsburg Managed Cons | Account #10618 | As of June 30, 2025 Rules Name Limit Actual Compliance
Status Notes
AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 6.7 Compliant
Max % Issuer (MV) 30.0 6.6 Compliant
Max Maturity (Years) 5.0 3.6 Compliant
ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 7.1 Compliant
Max % Issuer (MV) 5.0 0.9 Compliant
Max Maturity (Years) 5.0 4.8 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1) 0.0 0.0 Compliant
CAMP
Max % (MV) 100.0 0.0 Compliant
COLLATERALIZED TIME DEPOSITS (NON-
NEGOTIABLE CD/TD)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
COMMERCIAL PAPER
Max % (MV) 25.0 2.8 Compliant
Max % Issuer (MV) 5.0 1.9 Compliant
Max Maturity (Days) 270 130 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant
CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 18.1 Compliant
Max % Issuer (MV) 5.0 1.4 Compliant
Max Maturity (Years) 5 4 Compliant
16
STATEMENT OF COMPLIANCE
City of Pittsburg Managed Cons | Account #10618 | As of June 30, 2025 Rules Name Limit Actual Compliance
Status Notes
Min Rating (A- by 1) 0.0 0.0 Compliant
FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
FEDERAL AGENCIES
Max % (MV) 100.0 16.0 Compliant
Max % Issuer (MV) 30.0 8.3 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 3 Compliant
LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant
LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV) 100.0 0.0 Compliant
MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 7.8 Compliant
Max % Issuer (MV) 10.0 7.8 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
MORTGAGE -BACKED SECURITIES, CMOS (NON-
AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
17
STATEMENT OF COMPLIANCE
City of Pittsburg Managed Cons | Account #10618 | As of June 30, 2025 Rules Name Limit Actual Compliance
Status Notes
MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant
REPURCHASE AGREEMENTS
Max % (MV) 15.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 90.0 0.0 Compliant
Min Rating (A- by 2 or A-1 by 1) 0.0 0.0 Compliant
SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 2.0 Compliant
Max % Issuer (MV) 10.0 0.7 Compliant
Max Maturity (Years) 5 2 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 39.5 Compliant
Max Maturity (Years) 5 4 Compliant
18
PORTFOLIO CHARACTERISTICS
City of Pittsburg | Account #10607 | As of June 30, 2025 Benchmark* 6/30/2025
Portfolio
3/31/2025
Portfolio
Average Maturity (yrs) 1.85 2.09 2.09
Average Modified Duration 1.76 1.78 1.80
Average Purchase Yield 4.31% 4.20%
Average Market Yield 3.80% 4.03% 4.16%
Average Quality** AA+ AA+ AA+
Total Market Value 76,540,755 75,553,407
*Benchmark: ICE BofA 1-3 Year US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 19
SECTOR DISTRIBUTION
City of Pittsburg | Account #10607 | As of June 30, 2025 Sector as a Percentage of Market Value
Sector 06/30/2025 03/31/2025
US Treasury 29.73% 29.56%
Corporate 25.35% 25.62%
Agency 22.43% 24.00%
ABS 9.99% 10.25%
Agency CMBS 9.33% 8.26%
Supras 2.80% 1.96%
Money Mkt Fd 0.36% 0.36%
Cash 0.00% --
20
QUALITY DISTRIBUTION
Rating 06/30/2025 03/31/2025
AAA 12.19% 11.52%
AA 68.09% 67.76%
A 17.87% 18.76%
NA 1.85% 1.95%
Rating 06/30/2025 03/31/2025
AAA 11.65% 70.70%
AA 67.46% 7.89%
A 16.86% 17.06%
NA 4.02% 4.35%
Rating 06/30/2025 03/31/2025
AAA 13.05% 13.00%
AA 64.43% 65.30%
A 9.43% 9.62%
NA 13.08% 12.08%
City of Pittsburg | Account #10607 | As of June 30, 2025 S&P Rating Moody’s Rating Fitch Rating
21
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 6.4% 3.9% 15.5% 37.3% 25.1% 10.4% 1.3% 0.0% 0.0% ICE BofA 1-3 Year US Treasury & Agency Index 0.0% 0.1% 4.1% 57.4% 38.4% 0.0% 0.0% 0.0% 0.0%
DURATION DISTRIBUTION
City of Pittsburg | Account #10607 | As of June 30, 2025 Portfolio Compared to the Benchmark
22
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception
TOTAL RATE OF RETURN
City of Pittsburg 1.31% 5.99% 5.45% 3.93% 1.74% 2.44%
Benchmark 1.18% 5.67% 5.10% 3.42% 1.37% 2.14%
*Periods over 1 year are annualized.
Benchmark: ICE BofA 1-3 Year US Treasury & Agency Index Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.
INVESTMENT PERFORMANCE
City of Pittsburg | Account #10607 | As of June 30, 2025 Total Rate of Return : Inception | 08/01/2018
23
HISTORICAL AVERAGE PURCHASE YIELD
City of Pittsburg | Account #10607 | As of June 30, 2025 Purchase Yield as of 06/30/25 = 4.31%
24
PORTFOLIO CHARACTERISTICS
City of Pittsburg Liquidity | Account #10617 | As of June 30, 2025 Benchmark* 6/30/2025
Portfolio
3/31/2025
Portfolio
Average Maturity (yrs) 0.24 0.22 0.43
Average Modified Duration 0.23 0.21 0.41
Average Purchase Yield 4.21% 4.39%
Average Market Yield 4.29% 4.20% 4.20%
Average Quality** AA+ AAA AAA
Total Market Value 30,449,325 30,144,295
*Benchmark: ICE BofA 3-Month US Treasury Bill Index
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 25
SECTOR DISTRIBUTION
City of Pittsburg Liquidity | Account #10617 | As of June 30, 2025 Sector as a Percentage of Market Value
Sector 06/30/2025 03/31/2025
US Treasury 63.72% 78.96%
Money Mkt Fd 26.49% 11.28%
Comm Paper 9.71% 9.73%
Cash 0.08% 0.02%
26
QUALITY DISTRIBUTION
Rating 06/30/2025 03/31/2025
AAA 55.96% 55.53%
AA 37.57% 38.00%
A 6.47% 6.46%
Rating 06/30/2025 03/31/2025
AAA 26.54% 49.28%
AA 37.57% --
A 35.89% 50.72%
Rating 06/30/2025 03/31/2025
AAA 26.26% 41.05%
AA 37.57% 38.00%
A 3.24% 3.23%
NA 32.93% 17.71%
City of Pittsburg Liquidity | Account #10617 | As of June 30, 2025 S&P Rating Moody’s Rating Fitch Rating
27
DURATION DISTRIBUTION
City of Pittsburg Liquidity | Account #10617 | As of June 30, 2025 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
06/30/2025 59.2% 31.1% 9.7% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 03/31/2025 32.7% 19.6% 47.7% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 28
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception
TOTAL RATE OF RETURN
City of Pittsburg Liquidity 1.04% 4.85% 5.12% 4.62% 2.74% 2.65% Benchmark 1.04% 4.68% 5.03% 4.55% 2.76% 2.56%
*Periods over 1 year are annualized.
Benchmark: ICE BofA 3-Month US Treasury Bill Index
Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.
INVESTMENT PERFORMANCE
City of Pittsburg Liquidity | Account #10617 | As of June 30, 2025 Total Rate of Return : Inception | 10/01/2018
29
HISTORICAL AVERAGE PURCHASE YIELD
City of Pittsburg Liquidity | Account #10617 | As of June 30, 2025 Purchase Yield as of 06/30/25 = 4.21%
30
CONSOLIDATED INFORMATION
31
ACCOUNT STRUCTURE
City of Pittsburg | As of June 30, 2025
*Market value changes daily and is subject to a number of economic forces, including supply and demand, and can incur unrealized gains and losses. 32
SECTOR ALLOCATION
City of Pittsburg | As of June 30, 2025
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. 33
PORTFOLIO HOLDINGS
34
HOLDINGS REPORT
City of Pittsburg | Account #10607 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 17,017.66 05/10/2022
3.23%
17,016.77
17,017.43
99.82 4.56%
16,986.93
9.10 0.02%
(30.50)
Aaa/AAA
NA
1.15 0.14
47787JAC2 JDOT 2022 A3 2.32 09/15/2026 23,814.40 03/10/2022
2.34%
23,809.14
23,813.08
99.72 4.16%
23,746.67
24.56 0.03%
(66.40)
Aaa/NA
AAA
1.21 0.15
448977AD0 HART 2022-A A3 2.22 10/15/2026 8,873.84 05/02/2022
3.40%
8,657.54
8,815.84
99.83 4.49%
8,859.04
8.76 0.01%
43.20 NA/AAA
AAA
1.29 0.07
448988AD7 HALST 2024-A A3 5.02
03/15/2027 255,000.00 01/17/2024
5.03%
254,951.68
254,973.78
100.27
4.61%
255,696.94
568.93
0.34%
723.17
NA/AAA
AAA
1.71 0.59
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 750,000.00 06/20/2024
5.40%
746,015.63
747,499.38
100.34
4.43%
752,560.13
622.50
0.99%
5,060.74
Aaa/AAA
NA
1.73 0.57
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027 44,667.99 07/06/2022
3.93%
44,667.68
44,667.89
99.81 4.51%
44,582.78
67.75 0.06%
(85.11)
Aaa/NA
AAA
1.79 0.22
44934FAD7 HALST 2024-B A3 5.41 05/17/2027 280,000.00 05/14/2024
5.41%
279,992.22
279,995.11
100.79
4.55%
282,223.59
673.24
0.37%
2,228.48
NA/AAA
AAA
1.88 0.86
161571HS6 CHAIT 2022-1 A 3.97 09/15/2025 1,000,000.00 05/11/2023
4.28%
993,945.31
999,042.62
99.89 4.53%
998,936.20
1,764.44
1.32%
(106.42)
NA/AAA
AAA
0.21 0.20
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 190,000.00 05/17/2024
5.73%
189,977.77
189,984.50
101.22
4.38%
192,320.51
449.24
0.25%
2,336.01
Aaa/NA
AAA
2.55 1.22
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 295,000.00 09/17/2024
4.24%
294,950.35
294,961.54
99.97 4.29%
294,916.54
554.60
0.39%
(44.99)
NA/AAA
AAA
2.63 1.29
89239NAD7 TLOT 2025-A A3 4.75 02/22/2028 390,000.00 02/20/2025
4.75%
389,994.89
389,995.48
100.85
4.22%
393,302.05
566.04
0.52%
3,306.58
Aaa/AAA
NA
2.65 1.45
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 101,576.34 07/11/2023
5.47%
101,558.34
101,565.98
100.59
4.49%
102,179.98
92.60 0.13%
614.00
NA/AAA
AAA
2.66 0.57
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 350,000.00 05/20/2025
4.84%
349,994.19
349,994.37
100.64
4.23%
352,235.21
489.81
0.46%
2,240.84
NA/AAA
AAA
2.90 1.62
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 235,000.00 11/01/2023
5.74%
234,958.62
234,973.36
101.07
4.39%
237,506.28
370.13
0.31%
2,532.91
Aaa/NA
AAA
2.98 0.78
89239FAD4 TAOT 2023-D A3 5.54 08/15/2028 195,000.00 11/07/2023
5.61%
194,978.98
194,986.18
101.17
4.40%
197,287.70
480.13
0.26%
2,301.52
NA/AAA
AAA
3.13 0.97
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 670,000.00 02/13/2024
5.27%
669,970.86
669,979.69
100.86
4.32%
675,743.78
1,551.42
0.89%
5,764.09
Aaa/AAA
NA
3.13 0.90
35
HOLDINGS REPORT
City of Pittsburg | Account #10607 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
89238DAD0 TAOT 2024-A A3 4.83 10/16/2028 375,000.00 01/23/2024
4.89%
374,924.96
374,947.55
100.60
4.25%
377,233.84
805.00
0.50%
2,286.29
Aaa/AAA
NA
3.30 0.94
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 180,000.00 03/11/2024
5.12%
179,989.92
179,992.70
100.92
4.29%
181,662.77
396.80
0.24%
1,670.07
Aaa/NA
AAA
3.38 1.27
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028 360,000.00 --
4.90%
359,958.35
359,970.60
100.50
4.32%
361,798.96
727.50
0.48%
1,828.36
Aaa/NA
AAA
3.47 0.85
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 320,000.00 06/04/2024
5.18%
319,951.39
319,962.26
101.26
4.11%
324,034.56
276.27
0.43%
4,072.30
Aaa/AAA
NA
3.66 1.12
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 365,000.00 06/11/2024
5.81%
364,928.64
364,944.22
101.58
4.24%
370,764.77
843.56
0.49%
5,820.55
Aaa/NA
AAA
3.71 1.54
02582JKH2 AMXCA 2024-1 A 5.23 04/16/2029 570,000.00 04/16/2024
5.30%
569,883.15
569,911.03
102.00
4.11%
581,381.48
1,324.93
0.77%
11,470.45
NA/AAA
AAA
3.79 1.67
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 365,000.00 06/06/2024
4.93%
364,979.52
364,983.94
101.48
4.14%
370,406.78
799.76
0.49%
5,422.84
Aaa/AAA
NA
3.87 1.75
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030 185,000.00 05/06/2025
4.71%
184,972.77
184,973.50
100.54
4.07%
185,995.52
329.92
0.24%
1,022.03
Aaa/AAA
NA
4.79 2.14
Total ABS 7,525,950.23 5.03%
7,515,028.67
7,521,952.02
100.75
4.33%
7,582,363.00
13,796.99
9.99%
60,410.97
2.62 1.01
AGENCY
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 1,000,000.00 03/07/2022
1.76%
953,120.00
997,963.35
99.39 4.48%
993,871.01
1,312.50
1.31%
(4,092.34)
Aa1/AA+
AA+
0.15 0.15
3133EPJX4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 3.625 02/17/2026 1,000,000.00 05/15/2023
3.89%
993,250.00
998,451.59
99.63 4.23%
996,259.77
13,493.06
1.31%
(2,191.82)
Aa1/AA+
AA+
0.64 0.61
3133EPHH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.0 04/28/2026 1,500,000.00 05/09/2023
3.90%
1,504,095.00
1,501,137.08
99.84 4.19%
1,497,669.17
10,500.00
1.97%
(3,467.92)
Aa1/AA+
AA+
0.83 0.80
3133EPVP7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 07/08/2026 1,000,000.00 12/06/2023
4.48%
1,006,424.00
1,002,531.49
100.71
4.03%
1,007,139.18
22,826.39
1.33%
4,607.69
Aa1/AA+
AA+
1.02 0.97
3133EPZY4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 5.0 07/30/2026 1,000,000.00 11/09/2023
4.85%
1,003,740.00
1,001,483.95
100.85
4.18%
1,008,497.86
20,972.22
1.33%
7,013.91
Aa1/AA+
AA+
1.08 1.02
3130AXU63 FEDERAL HOME LOAN BANKS
4.625 11/17/2026 1,000,000.00 11/30/2023
4.53%
1,002,530.00
1,001,178.48
100.87
3.96%
1,008,733.37
5,652.78
1.33%
7,554.89
Aa1/AA+
AA+
1.38 1.32
36
HOLDINGS REPORT
City of Pittsburg | Account #10607 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3133EP6K6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/26/2027 1,000,000.00 03/25/2024
4.45%
1,001,450.00
1,000,838.22
101.11
3.83%
1,011,126.13
11,875.00
1.33%
10,287.91
Aa1/AA+
AA+
1.74 1.64
3130B0TY5 FEDERAL HOME LOAN BANKS 4.75
04/09/2027 865,000.00 04/10/2024
4.85%
862,716.40
863,648.23
101.70
3.75%
879,685.75
9,358.82
1.16%
16,037.53
Aa1/AA+
AA+
1.77 1.67
3133ERDS7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 05/06/2027 1,000,000.00 05/22/2024
4.70%
1,001,317.00
1,000,823.43
101.70
3.79%
1,016,962.89
7,256.94
1.34%
16,139.46
Aa1/AA+
AA+
1.85 1.75
3130B1EF0 FEDERAL HOME LOAN BANKS
4.625 06/11/2027 1,000,000.00 06/26/2024
4.57%
1,001,530.00
1,001,006.77
101.53
3.80%
1,015,260.30
2,569.44
1.34%
14,253.53
Aa1/AA+
AA+
1.95 1.84
3133ERMB4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.25 07/23/2027 1,000,000.00 07/18/2024
4.26%
999,690.00
999,787.11
100.79
3.85%
1,007,850.98
18,652.78
1.33%
8,063.88
Aa1/AA+
AA+
2.06 1.92
3130ATUS4 FEDERAL HOME LOAN BANKS 4.25
12/10/2027 1,000,000.00 05/15/2023
3.66%
1,024,620.00
1,013,158.20
101.10
3.77%
1,011,032.56
2,479.17
1.33%
(2,125.64)
Aa1/AA+
AA+
2.45 2.30
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 1,000,000.00 04/24/2023
3.76%
1,032,720.00
1,018,059.38
101.97
3.72%
1,019,693.06
13,875.00
1.34%
1,633.68
Aa1/AA+
AA+
2.70 2.49
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 1,000,000.00 07/06/2023
4.49%
978,470.00
987,125.16
100.77
3.72%
1,007,672.72
2,444.44
1.33%
20,547.56
Aa1/AA+
AA+
2.94 2.75
3130AWTR1 FEDERAL HOME LOAN BANKS
4.375 09/08/2028 1,250,000.00 09/07/2023
4.49%
1,243,625.00
1,245,934.93
101.97
3.71%
1,274,574.34
17,165.80
1.68%
28,639.40
Aa1/AA+
AA+
3.19 2.92
3133EPWK7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 09/22/2028 1,250,000.00 10/12/2023
4.71%
1,238,412.50
1,242,422.82
102.15
3.78%
1,276,921.94
15,468.75
1.68%
34,499.12
Aa1/AA+
AA+
3.23 2.95
Total Agency 16,865,000.00 4.21%
16,847,709.90
16,875,550.18
101.00
3.93%
17,032,951.02
175,903.09
22.43%
157,400.85
1.83 1.71
AGENCY CMBS
3137BM7C4 FHMS K-051 A2 3.308 09/25/2025 384,397.63 05/16/2022
2.99%
387,385.72
384,551.88
99.57 4.46%
382,726.19
1,059.66
0.50%
(1,825.69)
Aa1/AA+
AAA
0.24 0.19
3137BNGT5 FHMS K-054 A2 2.745 01/25/2026 897,784.22 02/15/2023
4.64%
852,509.24
889,812.36
98.93 4.50%
888,174.97
2,053.68
1.17%
(1,637.39)
Aa1/AA+
AAA
0.57 0.51
3137BSP72 FHMS K-058 A2 2.653 08/25/2026 710,000.00 11/29/2022
4.51%
664,903.91
696,653.17
98.16 4.23%
696,902.35
1,569.69
0.92%
249.17
Aa1/AA+
AAA
1.15 1.07
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 500,000.00 12/05/2022
4.27%
484,082.03
494,109.73
98.81 4.16%
494,057.80
1,429.17
0.65%
(51.93)
Aa1/AA+
AAA
1.57 1.36
37
HOLDINGS REPORT
City of Pittsburg | Account #10607 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137F2LJ3 FHMS K-066 A2 3.117 06/25/2027 1,000,000.00 05/10/2023
3.93%
969,218.75
985,421.60
98.23 4.04%
982,297.70
2,597.50
1.29%
(3,123.90)
Aa1/AA+
AAA
1.99 1.74
3137FAWS3 FHMS K-067 A2 3.194 07/25/2027 1,000,000.00 05/10/2023
3.92%
971,562.50
986,233.84
98.22 4.04%
982,245.10
2,661.67
1.29%
(3,988.74)
Aaa/AA+
AA+
2.07 1.91
3137FBU79 FHMS K-069 A2 3.187 09/25/2027 736,024.46 06/09/2023
4.41%
701,580.81
718,310.58
98.15 4.01%
722,401.45
1,954.76
0.95%
4,090.87
Aa1/AAA
AA+
2.24 2.06
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 965,000.00 05/24/2023
4.34%
927,455.47
944,537.45
98.31 4.01%
948,683.88
2,693.96
1.25%
4,146.43
Aa1/AA+
AAA
2.57 2.31
3137FKZZ2 FHMS K-088 A2 3.69 01/25/2029 1,000,000.00 04/30/2025
4.02%
987,617.19
988,145.10
98.76 4.03%
987,610.60
3,075.00
1.30%
(534.50)
Aaa/AA+
AA+
3.57 3.21
6,946,315.61 98.50 7,085,100.03 9.33% 1.94
Total Agency CMBS 7,193,206.30 4.16% 7,087,775.71 4.14% 19,095.08 (2,675.68) 1.75 CASH
CCYUSD Receivable 1,319.32 -- 1,319.32
1,319.32
1.00 0.00%
1,319.32
0.00 0.00%
0.00 Aaa/AAA
AAA
0.00 0.00
1,319.32 1.00 1,319.32 0.00% 0.00
Total Cash 1,319.32 1,319.32 0.00% 0.00 0.00 0.00
CORPORATE
26442UAA2 DUKE ENERGY PROGRESS LLC 3.25
08/15/2025 500,000.00 04/18/2022
3.21%
500,605.00
500,000.00
99.84 4.54%
499,180.29
6,138.89
0.66%
(819.72)
Aa3/A
NA
0.13 0.12
57629WDK3 MASSMUTUAL GLOBAL FUNDING
II 4.15 08/26/2025 750,000.00 05/10/2023
4.74%
740,385.00
749,356.70
99.93 4.56%
749,463.32
10,807.29
0.99%
106.62
Aa3/AA+
AA+
0.16 0.15
931142EW9 WALMART INC 3.9 09/09/2025 155,000.00 09/06/2022
3.92%
154,891.50
154,993.07
99.91 4.33%
154,860.49
1,880.67
0.20%
(132.58)
Aa2/AA
AA
0.19 0.19
00440EAV9 CHUBB INA HOLDINGS LLC 3.35
05/03/2026 750,000.00 08/24/2023
5.19%
715,927.50
739,350.17
99.23 4.29%
744,232.21
4,047.92
0.98%
4,882.04
A2/A
A
0.84 0.81
69371RR32 PACCAR FINANCIAL CORP 1.1
05/11/2026 600,000.00 02/10/2023
4.54%
538,422.00
583,641.72
97.41 4.19%
584,469.46
916.67
0.77%
827.74
A1/A+
NA
0.86 0.84
89236TJK2 TOYOTA MOTOR CREDIT CORP
1.125 06/18/2026 250,000.00 01/11/2023
4.55%
223,112.50
242,440.58
97.05 4.28%
242,633.93
101.56
0.32%
193.35
A1/A+
A+
0.97 0.94
38
HOLDINGS REPORT
City of Pittsburg | Account #10607 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
857477CD3 STATE STREET CORP 5.272
08/03/2026 350,000.00 07/31/2023
5.27%
350,000.00
350,000.00
101.00
4.31%
353,514.56
7,585.82
0.47%
3,514.56
Aa3/A
AA-
1.09 0.95
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 500,000.00 08/24/2023
5.48%
500,680.00
500,246.22
101.42
4.22%
507,091.28
10,207.75
0.67%
6,845.06
Aa2/A+
AA
1.13 0.99
437076CV2 HOME DEPOT INC 4.95
09/30/2026 500,000.00 11/30/2023
4.86%
501,140.00
500,484.50
100.99
4.12%
504,939.04
6,256.25
0.67%
4,454.54
A2/A
A
1.25 1.11
61690U7W4 MORGAN STANLEY BANK NA
5.882 10/30/2026 335,000.00 10/30/2023
5.88%
335,000.00
335,000.00
102.10
4.23%
342,049.45
3,338.85
0.45%
7,049.45
Aa3/A+
AA-
1.33 1.19
438516BL9 HONEYWELL INTERNATIONAL INC
2.5 11/01/2026 750,000.00 05/10/2023
3.96%
714,847.50
736,481.94
97.77 4.23%
733,306.94
3,125.00
0.97%
(3,175.00)
A2/A
A
1.34 1.29
713448FW3 PEPSICO INC 5.125 11/10/2026 275,000.00 11/08/2023
5.13%
274,925.75
274,966.33
101.26
4.16%
278,464.81
1,996.61
0.37%
3,498.48
A1/A+
NA
1.36 1.22
24422EXF1 JOHN DEERE CAPITAL CORP 4.5
01/08/2027 500,000.00 01/18/2024
4.52%
499,705.00
499,848.27
100.63
4.07%
503,142.49
10,812.50
0.66%
3,294.21
A1/A
A+
1.53 1.43
78016HZT0 ROYAL BANK OF CANADA 4.875
01/19/2027 665,000.00 01/10/2024
4.88%
664,833.75
664,913.99
100.97
4.22%
671,456.71
14,588.44
0.88%
6,542.72
A1/A
AA-
1.56 1.45
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027 1,000,000.00 --
4.81%
999,831.60
999,903.90
101.21
4.03%
1,012,126.55
16,666.67
1.33%
12,222.65
A1/AA-
NA
1.66 1.48
857477CL5 STATE STREET CORP 4.993
03/18/2027 325,000.00 03/13/2024
4.99%
325,000.00
325,000.00
101.45
4.11%
329,703.50
4,642.80
0.43%
4,703.50
Aa3/A
AA-
1.71 1.53
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 600,000.00 09/12/2022
4.08%
597,906.00
599,164.37
99.88 4.07%
599,266.21
3,400.00
0.79%
101.83
A2/A+
A+
1.86 1.76
14913UAL4 CATERPILLAR FINANCIAL SERVICES
CORP 5.0 05/14/2027 1,000,000.00 05/15/2024
4.89%
1,002,930.00
1,001,829.91
101.70
4.04%
1,017,024.22
6,527.78
1.34%
15,194.31
A2/A
A+
1.87 1.76
09290DAH4 BLACKROCK INC 4.6 07/26/2027 530,000.00 07/17/2024
4.60%
529,984.10
529,989.04
101.22
3.98%
536,471.49
10,496.94
0.71%
6,482.45
Aa3/AA-
NA
2.07 1.85
69371RT30 PACCAR FINANCIAL CORP 4.45
08/06/2027 560,000.00 08/01/2024
4.50%
559,255.20
559,478.98
101.16
3.87%
566,471.46
10,037.22
0.75%
6,992.48
A1/A+
NA
2.10 1.95
532457CP1 ELI LILLY AND CO 4.15 08/14/2027 470,000.00 08/12/2024
4.18%
469,619.30
469,730.90
100.49
3.90%
472,305.20
7,422.74
0.62%
2,574.30
Aa3/A+
NA
2.12 1.91
023135BC9 AMAZON.COM INC 3.15
08/22/2027 750,000.00 06/26/2024
4.90%
712,095.00
724,246.99
98.37 3.95%
737,782.90
8,465.63
0.97%
13,535.90
A1/AA
AA-
2.15 2.02
39
HOLDINGS REPORT
City of Pittsburg | Account #10607 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
66815L2T5
NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.11
09/12/2027
545,000.00 09/05/2024
4.11%
544,983.65
544,988.01
99.91 4.15%
544,517.36
6,782.07
0.72%
(470.65)
Aa1/AA+
AAA
2.20 2.06
58989V2J2 MET TOWER GLOBAL FUNDING
4.0 10/01/2027 750,000.00 10/11/2024
4.23%
745,132.50
746,298.72
99.39 4.28%
745,442.85
7,500.00
0.98%
(855.87)
Aa3/AA-
AA-
2.25 2.11
91324PDE9 UNITEDHEALTH GROUP INC 2.95
10/15/2027 750,000.00 08/22/2024
4.19%
722,842.50
730,223.28
97.29 4.20%
729,640.37
4,670.83
0.96%
(582.91)
A2/A+
A
2.29 2.17
24422EXZ7 JOHN DEERE CAPITAL CORP 4.65
01/07/2028 375,000.00 01/06/2025
4.66%
374,887.50
374,905.31
101.51
4.01%
380,663.00
8,331.25
0.50%
5,757.69
A1/A
A+
2.52 2.31
89115A3E0 TORONTO-DOMINION BANK 4.861
01/31/2028 825,000.00 01/28/2025
4.86%
825,000.00
825,000.00
101.37
4.29%
836,292.28
16,821.09
1.10%
11,292.28
A2/A-
AA-
2.59 2.36
00287YDY2 ABBVIE INC 4.65 03/15/2028 470,000.00 02/18/2025
4.70%
469,374.90
469,445.10
101.51
4.05%
477,105.48
7,588.54
0.63%
7,660.37
A3/A-
NA
2.71 2.41
57629TBW6 MASSMUTUAL GLOBAL FUNDING
II 4.45 03/27/2028 720,000.00 03/20/2025
4.49%
719,143.20
719,218.25
100.60
4.21%
724,348.23
8,366.00
0.95%
5,129.98
Aa3/AA+
AA+
2.74 2.53
64953BBW7 NEW YORK LIFE GLOBAL FUNDING
4.4 04/25/2028 530,000.00 04/22/2025
4.43%
529,629.00
529,651.68
100.76
4.11%
534,044.64
4,275.33
0.70%
4,392.96
Aa1/AA+
AAA
2.82 2.61
90331HPS6 US BANK NA 4.73 05/15/2028 660,000.00 05/12/2025
4.88%
660,000.00
660,000.00
100.50
4.74%
663,315.46
3,988.97
0.87%
3,315.46
A2/A+
A+
2.88 1.76
87612EBU9 TARGET CORP 4.35 06/15/2028 280,000.00 06/05/2025
4.35%
279,997.20
279,997.25
100.60
4.13%
281,682.95
710.50
0.37%
1,685.70
A2/A
A
2.96 2.67
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 430,000.00 01/16/2025
4.92%
430,000.00
430,000.00
101.34
4.58%
435,774.28
9,216.99
0.57%
5,774.28
A1/A
AA-
3.57 2.34
89236TMK8 TOYOTA MOTOR CREDIT CORP
4.55 08/09/2029 750,000.00 02/27/2025
4.58%
748,965.00
749,043.44
100.80
4.33%
756,012.46
13,460.42
1.00%
6,969.02
A1/A+
A+
4.11 3.65
Total Corporate 19,200,000.00 4.63%
18,961,052.15
19,099,838.61
100.27
4.20%
19,248,795.85
241,175.98
25.35%
148,957.23
1.91 1.71
MONEY MARKET
FUND
94975H254 ALLSPRING:GOVT MM S 276,048.98 --
3.91%
276,048.98
276,048.98
1.00 3.91%
276,048.98
0.00 0.36%
0.00 Aaa/AAAm
NA
0.00 0.00
Total Money Market
Fund 276,048.98 3.91%
276,048.98
276,048.98
1.00 3.91%
276,048.98
0.00 0.36%
0.00 0.00
0.00 40
HOLDINGS REPORT
City of Pittsburg | Account #10607 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
SUPRANATIONAL
4581X0EK0 INTER-AMERICAN DEVELOPMENT
BANK 4.5 05/15/2026 750,000.00 06/27/2023
4.53%
749,422.50
749,824.09
100.36
4.07%
752,675.20
4,312.50
0.99%
2,851.10
Aaa/AAA
NA
0.87 0.84
45950KDF4 INTERNATIONAL FINANCE CORP
4.375 01/15/2027 710,000.00 11/29/2023
4.49%
707,685.40
708,852.89
100.74
3.87%
715,279.88
14,326.54
0.94%
6,426.99
Aaa/AAA
NA
1.54 1.45
459058LT8
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.625 05/05/2028
660,000.00 04/29/2025
3.70%
658,534.80
658,609.73
99.70 3.74%
657,996.29
3,655.21
0.87%
(613.44)
Aaa/AAA
NA
2.85 2.66
Total Supranational 2,120,000.00 4.26%
2,115,642.70
2,117,286.71
100.28
3.90%
2,125,951.37
22,294.25
2.80%
8,664.65
1.71 1.61
US TREASURY
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025 750,000.00 04/29/2022
2.90%
752,314.45
750,168.90
99.67 4.29%
747,558.59
5,655.74
0.98%
(2,610.30)
Aa1/AA+
AA+
0.25 0.25
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025 1,000,000.00 06/02/2022
2.88%
1,004,023.44
1,000,393.95
99.57 4.28%
995,742.19
5,054.35
1.31%
(4,651.76)
Aa1/AA+
AA+
0.34 0.33
912828M56 UNITED STATES TREASURY 2.25
11/15/2025 1,000,000.00 08/25/2022
3.36%
966,093.75
996,053.39
99.24 4.32%
992,369.79
2,873.64
1.31%
(3,683.60)
Aa1/AA+
AA+
0.38 0.37
9128285T3 UNITED STATES TREASURY 2.625
12/31/2025 1,000,000.00 08/25/2022
3.34%
977,421.88
996,621.59
99.22 4.23%
992,200.52
71.33 1.31%
(4,421.07)
Aa1/AA+
AA+
0.50 0.49
9128286L9 UNITED STATES TREASURY 2.25
03/31/2026 1,000,000.00 08/29/2022
3.39%
961,640.63
991,999.92
98.65 4.10%
986,503.91
5,655.74
1.30%
(5,496.01)
Aa1/AA+
AA+
0.75 0.73
912828U24 UNITED STATES TREASURY 2.0
11/15/2026 1,500,000.00 05/09/2023
3.65%
1,418,964.84
1,468,342.68
97.50 3.88%
1,462,558.59
3,831.52
1.93%
(5,784.09)
Aa1/AA+
AA+
1.38 1.33
912828V98 UNITED STATES TREASURY 2.25
02/15/2027 1,000,000.00 11/29/2022
4.06%
930,585.94
973,191.19
97.56 3.81%
975,625.00
8,453.04
1.28%
2,433.81
Aa1/AA+
AA+
1.63 1.56
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 1,100,000.00 11/03/2022
4.46%
1,014,148.44
1,065,937.01
97.86 3.77%
1,076,496.09
6,912.57
1.42%
10,559.08
Aa1/AA+
AA+
1.75 1.68
91282CEN7 UNITED STATES TREASURY 2.75
04/30/2027 1,500,000.00 02/13/2024
4.39%
1,427,167.97
1,458,452.78
98.23 3.76%
1,473,398.43
6,949.73
1.94%
14,945.65
Aa1/AA+
AA+
1.83 1.76
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 1,250,000.00 11/03/2022
4.44%
1,187,792.97
1,223,308.46
99.11 3.72%
1,238,818.36
110.39
1.63%
15,509.90
Aa1/AA+
AA+
2.00 1.91
41
HOLDINGS REPORT
City of Pittsburg | Account #10607 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 800,000.00 01/30/2023
3.72%
779,968.75
790,523.49
98.77 3.72%
790,156.25
8,355.98
1.04%
(367.25)
Aa1/AA+
AA+
2.17 2.05
9128283F5 UNITED STATES TREASURY 2.25
11/15/2027 1,500,000.00 05/16/2023
3.59%
1,417,031.25
1,456,217.95
96.70 3.72%
1,450,488.29
4,310.46
1.91%
(5,729.67)
Aa1/AA+
AA+
2.38 2.27
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 1,250,000.00 09/27/2024
3.51%
1,220,019.53
1,226,681.86
97.62 3.71%
1,220,263.68
12,914.36
1.61%
(6,418.18)
Aa1/AA+
AA+
2.63 2.48
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 1,000,000.00 11/12/2024
4.34%
1,001,250.00
1,001,044.22
101.97
3.71%
1,019,726.56
14,622.96
1.34%
18,682.34
Aa1/AA+
AA+
3.17 2.90
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 1,500,000.00 04/18/2024
4.72%
1,402,792.96
1,428,272.72
98.13 3.72%
1,471,992.18
5,986.75
1.94%
43,719.46
Aa1/AA+
AA+
3.38 3.15
9128286T2 UNITED STATES TREASURY 2.375
05/15/2029 1,000,000.00 03/17/2025
4.08%
935,390.63
939,856.72
95.13 3.74%
951,250.00
3,033.29
1.25%
11,393.28
Aa1/AA+
AA+
3.87 3.64
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 1,000,000.00 11/05/2024
4.20%
991,445.31
992,618.61
100.93
3.75%
1,009,335.94
16,685.08
1.33%
16,717.33
Aa1/AA+
AA+
4.08 3.68
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 1,750,000.00 12/13/2024
4.27%
1,665,712.89
1,675,372.32
97.59 3.76%
1,707,753.92
18,278.70
2.25%
32,381.59
Aa1/AA+
AA+
4.17 3.82
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 1,000,000.00 06/16/2025
4.01%
999,687.50
999,690.24
100.95
3.76%
1,009,531.25
6,739.13
1.33%
9,841.01
Aa1/AA+
AA+
4.34 3.92
91282CFY2 UNITED STATES TREASURY 3.875
11/30/2029 1,000,000.00 06/06/2025
4.02%
993,984.38
994,065.32
100.44
3.76%
1,004,414.06
3,282.10
1.32%
10,348.74
Aa1/AA+
AA+
4.42 4.01
Total US Treasury 22,900,000.00 3.92%
22,047,437.51
22,428,813.33
98.61 3.86%
22,576,183.59
139,776.87
29.73%
147,370.26
2.35 2.19
Total Portfolio 76,081,524.83 4.31%
74,710,554.84
75,408,584.87
99.46 4.03%
75,928,713.15
612,042.25
100.00%
520,128.29
2.09 1.78
Total Market Value +
Accrued 76,540,755.41
42
HOLDINGS REPORT
City of Pittsburg Liquidity | Account #10617 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 23,705.39 -- 23,705.39
23,705.39
1.00 0.00%
23,705.39
0.00 0.08%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 23,705.39
23,705.39
23,705.39
1.00 0.00%
23,705.39
0.00 0.08%
0.00 0.00
0.00 COMMERCIAL
PAPER
89233GXU5 Toyota Motor Credit Corporation
10/28/2025 1,000,000.00 01/31/2025
4.46%
967,450.00
985,653.89
98.57 4.39%
985,700.00
0.00 3.24%
46.11 P-1/A-1+
F1
0.33 0.32
62479LY74 MUFG Bank, Ltd., New York
Branch 11/07/2025 2,000,000.00 02/13/2025
4.53%
1,935,029.99
1,968,610.00
98.44 4.51%
1,968,702.00
0.00 6.47%
92.00 P-1/A-1
NA
0.36 0.23
Total Commercial
Paper 3,000,000.00 4.51%
2,902,479.99
2,954,263.88
98.48 4.47%
2,954,402.00
0.00 9.71%
138.12
0.35 0.26
MONEY MARKET
FUND
94975H254 ALLSPRING:GOVT MM S 8,057,000.72 --
3.91%
8,057,000.72
8,057,000.72
1.00 3.91%
8,057,000.72
0.00 26.49%
0.00 Aaa/AAAm
NA
0.00 0.00
Total Money Market
Fund 8,057,000.72 3.91%
8,057,000.72
8,057,000.72
1.00 3.91%
8,057,000.72
0.00 26.49%
0.00 0.00
0.00 US TREASURY
912797NX1 UNITED STATES TREASURY
07/03/2025 2,000,000.00 01/02/2025
4.28%
1,958,445.42
1,999,540.83
99.98 4.25%
1,999,534.34
0.00 6.57%
(6.49)
P-1/A-1+
F1+
0.01 0.01
912797LW5 UNITED STATES TREASURY
07/10/2025 2,000,000.00 10/07/2024
4.22%
1,937,895.83
1,997,967.50
99.90 4.25%
1,997,904.16
0.00 6.57%
(63.34)
P-1/A-1+
F1+
0.03 0.02
912797MG9 UNITED STATES TREASURY
08/07/2025 2,000,000.00 10/07/2024
4.25%
1,931,320.00
1,991,613.33
99.56 4.33%
1,991,262.60
0.00 6.55%
(350.73)
P-1/A-1+
F1+
0.10 0.10
912797MH7 UNITED STATES TREASURY
09/04/2025 2,000,000.00 10/07/2024
4.24%
1,925,249.17
1,985,320.83
99.23 4.35%
1,984,621.18
0.00 6.53%
(699.65)
P-1/A-1+
F1+
0.18 0.18
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025 3,000,000.00 10/31/2024
4.32%
2,961,562.50
2,987,152.40
99.57 4.28%
2,987,226.57
15,163.04
9.82%
74.17 Aa1/AA+
AA+
0.34 0.33
43
HOLDINGS REPORT
City of Pittsburg Liquidity | Account #10617 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912828M56 UNITED STATES TREASURY 2.25
11/15/2025 3,500,000.00 11/26/2024
4.46%
3,427,539.06
3,471,877.77
99.24 4.32%
3,473,294.27
10,057.74
11.42%
1,416.50
Aa1/AA+
AA+
0.38 0.37
91282CJS1 UNITED STATES TREASURY 4.25
12/31/2025 2,000,000.00 01/02/2025
4.22%
2,000,625.00
2,000,315.95
100.00
4.25%
2,000,019.54
230.98
6.58%
(296.41)
Aa1/AA+
AA+
0.50 0.49
91282CBH3 UNITED STATES TREASURY 0.375
01/31/2026 1,500,000.00 01/30/2025
4.25%
1,443,632.81
1,466,951.84
97.80 4.24%
1,466,967.78
2,346.34
4.82%
15.94 Aa1/AA+
AA+
0.59 0.57
912828P46 UNITED STATES TREASURY 1.625
02/15/2026 1,500,000.00 02/27/2025
4.23%
1,463,437.50
1,476,213.60
98.43 4.20%
1,476,430.67
9,157.46
4.85%
217.06
Aa1/AA+
AA+
0.63 0.61
Total US Treasury 19,500,000.00 4.29%
19,049,707.29
19,376,954.06
99.37 4.28%
19,377,261.10
36,955.56
63.72%
307.04
0.30 0.29
Total Portfolio 30,580,706.11 4.21%
30,032,893.39
30,411,924.05
73.15 4.20%
30,412,369.21
36,955.56
100.00%
445.16
0.22 0.21
Total Market Value +
Accrued 30,449,324.77
44
HOLDINGS REPORT
City of Pittsburg Managed/Reporting Cons | Account #10639 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 17,017.66 05/10/2022
3.23%
17,016.77
17,017.43
99.82 4.56%
16,986.93
9.10 0.01%
(30.50)
Aaa/AAA
NA
1.15 0.14
47787JAC2 JDOT 2022 A3 2.32 09/15/2026 23,814.40 03/10/2022
2.34%
23,809.14
23,813.08
99.72 4.16%
23,746.67
24.56 0.01%
(66.40)
Aaa/NA
AAA
1.21 0.15
448977AD0 HART 2022-A A3 2.22 10/15/2026 8,873.84 05/02/2022
3.40%
8,657.54
8,815.84
99.83 4.49%
8,859.04
8.76 0.00%
43.20 NA/AAA
AAA
1.29 0.07
448988AD7 HALST 2024-A A3 5.02
03/15/2027 255,000.00 01/17/2024
5.03%
254,951.68
254,973.78
100.27
4.61%
255,696.94
568.93
0.11%
723.17
NA/AAA
AAA
1.71 0.59
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 750,000.00 06/20/2024
5.40%
746,015.63
747,499.38
100.34
4.43%
752,560.13
622.50
0.31%
5,060.74
Aaa/AAA
NA
1.73 0.57
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027 44,667.99 07/06/2022
3.93%
44,667.68
44,667.89
99.81 4.51%
44,582.78
67.75 0.02%
(85.11)
Aaa/NA
AAA
1.79 0.22
44934FAD7 HALST 2024-B A3 5.41 05/17/2027 280,000.00 05/14/2024
5.41%
279,992.22
279,995.11
100.79
4.55%
282,223.59
673.24
0.12%
2,228.48
NA/AAA
AAA
1.88 0.86
161571HS6 CHAIT 2022-1 A 3.97 09/15/2025 1,000,000.00 05/11/2023
4.28%
993,945.31
999,042.62
99.89 4.53%
998,936.20
1,764.44
0.41%
(106.42)
NA/AAA
AAA
0.21 0.20
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 190,000.00 05/17/2024
5.73%
189,977.77
189,984.50
101.22
4.38%
192,320.51
449.24
0.08%
2,336.01
Aaa/NA
AAA
2.55 1.22
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 295,000.00 09/17/2024
4.24%
294,950.35
294,961.54
99.97 4.29%
294,916.54
554.60
0.12%
(44.99)
NA/AAA
AAA
2.63 1.29
89239NAD7 TLOT 2025-A A3 4.75 02/22/2028 390,000.00 02/20/2025
4.75%
389,994.89
389,995.48
100.85
4.22%
393,302.05
566.04
0.16%
3,306.58
Aaa/AAA
NA
2.65 1.45
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 101,576.34 07/11/2023
5.47%
101,558.34
101,565.98
100.59
4.49%
102,179.98
92.60 0.04%
614.00
NA/AAA
AAA
2.66 0.57
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 350,000.00 05/20/2025
4.84%
349,994.19
349,994.37
100.64
4.23%
352,235.21
489.81
0.15%
2,240.84
NA/AAA
AAA
2.90 1.62
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 235,000.00 11/01/2023
5.74%
234,958.62
234,973.36
101.07
4.39%
237,506.28
370.13
0.10%
2,532.91
Aaa/NA
AAA
2.98 0.78
89239FAD4 TAOT 2023-D A3 5.54 08/15/2028 195,000.00 11/07/2023
5.61%
194,978.98
194,986.18
101.17
4.40%
197,287.70
480.13
0.08%
2,301.52
NA/AAA
AAA
3.13 0.97
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 670,000.00 02/13/2024
5.27%
669,970.86
669,979.69
100.86
4.32%
675,743.78
1,551.42
0.28%
5,764.09
Aaa/AAA
NA
3.13 0.90
45
HOLDINGS REPORT
City of Pittsburg Managed/Reporting Cons | Account #10639 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
89238DAD0 TAOT 2024-A A3 4.83 10/16/2028 375,000.00 01/23/2024
4.89%
374,924.96
374,947.55
100.60
4.25%
377,233.84
805.00
0.16%
2,286.29
Aaa/AAA
NA
3.30 0.94
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 180,000.00 03/11/2024
5.12%
179,989.92
179,992.70
100.92
4.29%
181,662.77
396.80
0.08%
1,670.07
Aaa/NA
AAA
3.38 1.27
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028 360,000.00 --
4.90%
359,958.35
359,970.60
100.50
4.32%
361,798.96
727.50
0.15%
1,828.36
Aaa/NA
AAA
3.47 0.85
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 320,000.00 06/04/2024
5.18%
319,951.39
319,962.26
101.26
4.11%
324,034.56
276.27
0.13%
4,072.30
Aaa/AAA
NA
3.66 1.12
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 365,000.00 06/11/2024
5.81%
364,928.64
364,944.22
101.58
4.24%
370,764.77
843.56
0.15%
5,820.55
Aaa/NA
AAA
3.71 1.54
02582JKH2 AMXCA 2024-1 A 5.23 04/16/2029 570,000.00 04/16/2024
5.30%
569,883.15
569,911.03
102.00
4.11%
581,381.48
1,324.93
0.24%
11,470.45
NA/AAA
AAA
3.79 1.67
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 365,000.00 06/06/2024
4.93%
364,979.52
364,983.94
101.48
4.14%
370,406.78
799.76
0.15%
5,422.84
Aaa/AAA
NA
3.87 1.75
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030 185,000.00 05/06/2025
4.71%
184,972.77
184,973.50
100.54
4.07%
185,995.52
329.92
0.08%
1,022.03
Aaa/AAA
NA
4.79 2.14
Total ABS 7,525,950.23 5.03%
7,515,028.67
7,521,952.02
100.75
4.33%
7,582,363.00
13,796.99
3.14%
60,410.97
2.62 1.01
AGENCY
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 1,000,000.00 03/07/2022
1.76%
953,120.00
997,963.35
99.39 4.48%
993,871.01
1,312.50
0.41%
(4,092.34)
Aa1/AA+
AA+
0.15 0.15
3133EPJX4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 3.625 02/17/2026 1,000,000.00 05/15/2023
3.89%
993,250.00
998,451.59
99.63 4.23%
996,259.77
13,493.06
0.41%
(2,191.82)
Aa1/AA+
AA+
0.64 0.61
3133EPHH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.0 04/28/2026 1,500,000.00 05/09/2023
3.90%
1,504,095.00
1,501,137.08
99.84 4.19%
1,497,669.17
10,500.00
0.62%
(3,467.92)
Aa1/AA+
AA+
0.83 0.80
3133EPVP7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 07/08/2026 1,000,000.00 12/06/2023
4.48%
1,006,424.00
1,002,531.49
100.71
4.03%
1,007,139.18
22,826.39
0.42%
4,607.69
Aa1/AA+
AA+
1.02 0.97
3133EPZY4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 5.0 07/30/2026 1,000,000.00 11/09/2023
4.85%
1,003,740.00
1,001,483.95
100.85
4.18%
1,008,497.86
20,972.22
0.42%
7,013.91
Aa1/AA+
AA+
1.08 1.02
3130AXU63 FEDERAL HOME LOAN BANKS
4.625 11/17/2026 1,000,000.00 11/30/2023
4.53%
1,002,530.00
1,001,178.48
100.87
3.96%
1,008,733.37
5,652.78
0.42%
7,554.89
Aa1/AA+
AA+
1.38 1.32
46
HOLDINGS REPORT
City of Pittsburg Managed/Reporting Cons | Account #10639 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3133EP6K6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/26/2027 1,000,000.00 03/25/2024
4.45%
1,001,450.00
1,000,838.22
101.11
3.83%
1,011,126.13
11,875.00
0.42%
10,287.91
Aa1/AA+
AA+
1.74 1.64
3130B0TY5 FEDERAL HOME LOAN BANKS 4.75
04/09/2027 865,000.00 04/10/2024
4.85%
862,716.40
863,648.23
101.70
3.75%
879,685.75
9,358.82
0.36%
16,037.53
Aa1/AA+
AA+
1.77 1.67
3133ERDS7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 05/06/2027 1,000,000.00 05/22/2024
4.70%
1,001,317.00
1,000,823.43
101.70
3.79%
1,016,962.89
7,256.94
0.42%
16,139.46
Aa1/AA+
AA+
1.85 1.75
3130B1EF0 FEDERAL HOME LOAN BANKS
4.625 06/11/2027 1,000,000.00 06/26/2024
4.57%
1,001,530.00
1,001,006.77
101.53
3.80%
1,015,260.30
2,569.44
0.42%
14,253.53
Aa1/AA+
AA+
1.95 1.84
3133ERMB4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.25 07/23/2027 1,000,000.00 07/18/2024
4.26%
999,690.00
999,787.11
100.79
3.85%
1,007,850.98
18,652.78
0.42%
8,063.88
Aa1/AA+
AA+
2.06 1.92
3130ATUS4 FEDERAL HOME LOAN BANKS 4.25
12/10/2027 1,000,000.00 05/15/2023
3.66%
1,024,620.00
1,013,158.20
101.10
3.77%
1,011,032.56
2,479.17
0.42%
(2,125.64)
Aa1/AA+
AA+
2.45 2.30
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 1,000,000.00 04/24/2023
3.76%
1,032,720.00
1,018,059.38
101.97
3.72%
1,019,693.06
13,875.00
0.42%
1,633.68
Aa1/AA+
AA+
2.70 2.49
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 1,000,000.00 07/06/2023
4.49%
978,470.00
987,125.16
100.77
3.72%
1,007,672.72
2,444.44
0.42%
20,547.56
Aa1/AA+
AA+
2.94 2.75
3130AWTR1 FEDERAL HOME LOAN BANKS
4.375 09/08/2028 1,250,000.00 09/07/2023
4.49%
1,243,625.00
1,245,934.93
101.97
3.71%
1,274,574.34
17,165.80
0.53%
28,639.40
Aa1/AA+
AA+
3.19 2.92
3133EPWK7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 09/22/2028 1,250,000.00 10/12/2023
4.71%
1,238,412.50
1,242,422.82
102.15
3.78%
1,276,921.94
15,468.75
0.53%
34,499.12
Aa1/AA+
AA+
3.23 2.95
Total Agency 16,865,000.00 4.21%
16,847,709.90
16,875,550.18
101.00
3.93%
17,032,951.02
175,903.09
7.06%
157,400.85
1.83 1.71
AGENCY CMBS
3137BM7C4 FHMS K-051 A2 3.308 09/25/2025 384,397.63 05/16/2022
2.99%
387,385.72
384,551.88
99.57 4.46%
382,726.19
1,059.66
0.16%
(1,825.69)
Aa1/AA+
AAA
0.24 0.19
3137BNGT5 FHMS K-054 A2 2.745 01/25/2026 897,784.22 02/15/2023
4.64%
852,509.24
889,812.36
98.93 4.50%
888,174.97
2,053.68
0.37%
(1,637.39)
Aa1/AA+
AAA
0.57 0.51
3137BSP72 FHMS K-058 A2 2.653 08/25/2026 710,000.00 11/29/2022
4.51%
664,903.91
696,653.17
98.16 4.23%
696,902.35
1,569.69
0.29%
249.17
Aa1/AA+
AAA
1.15 1.07
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 500,000.00 12/05/2022
4.27%
484,082.03
494,109.73
98.81 4.16%
494,057.80
1,429.17
0.20%
(51.93)
Aa1/AA+
AAA
1.57 1.36
47
HOLDINGS REPORT
City of Pittsburg Managed/Reporting Cons | Account #10639 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137F2LJ3 FHMS K-066 A2 3.117 06/25/2027 1,000,000.00 05/10/2023
3.93%
969,218.75
985,421.60
98.23 4.04%
982,297.70
2,597.50
0.41%
(3,123.90)
Aa1/AA+
AAA
1.99 1.74
3137FAWS3 FHMS K-067 A2 3.194 07/25/2027 1,000,000.00 05/10/2023
3.92%
971,562.50
986,233.84
98.22 4.04%
982,245.10
2,661.67
0.41%
(3,988.74)
Aaa/AA+
AA+
2.07 1.91
3137FBU79 FHMS K-069 A2 3.187 09/25/2027 736,024.46 06/09/2023
4.41%
701,580.81
718,310.58
98.15 4.01%
722,401.45
1,954.76
0.30%
4,090.87
Aa1/AAA
AA+
2.24 2.06
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 965,000.00 05/24/2023
4.34%
927,455.47
944,537.45
98.31 4.01%
948,683.88
2,693.96
0.39%
4,146.43
Aa1/AA+
AAA
2.57 2.31
3137FKZZ2 FHMS K-088 A2 3.69 01/25/2029 1,000,000.00 04/30/2025
4.02%
987,617.19
988,145.10
98.76 4.03%
987,610.60
3,075.00
0.41%
(534.50)
Aaa/AA+
AA+
3.57 3.21
Total Agency CMBS 7,193,206.30 4.16%
6,946,315.61
7,087,775.71
98.50 4.14%
7,085,100.03
19,095.08
2.94%
(2,675.68)
1.94 1.75
CASH
90PITT$02 City of Pittsburg 71,178,838.04 --
0.00%
71,178,838.04
71,178,838.04
1.00 0.00%
71,195,920.96
0.00 29.50%
17,082.92
NA/NA
NA
0.00 0.00
90PITT$00 City of Pittsburg 20,395,408.20 --
0.00%
20,395,408.20
20,395,408.20
1.00 0.00%
20,395,408.20
0.00 8.45%
0.00 NA/NA
NA
0.00 0.00
CCYUSD Receivable 1,319.32 -- 1,319.32
1,319.32
1.00 0.00%
1,319.32
0.00 0.00%
0.00 Aaa/AAA
AAA
0.00 0.00
CCYUSD Receivable 23,705.39 -- 23,705.39
23,705.39
1.00 0.00%
23,705.39
0.00 0.01%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 91,599,270.95 0.00%
91,599,270.95
91,599,270.95
1.00 0.00%
91,616,353.87
0.00 37.97%
17,082.92
0.00 0.00
COMMERCIAL
PAPER
89233GXU5 Toyota Motor Credit Corporation
10/28/2025 1,000,000.00 01/31/2025
4.46%
967,450.00
985,653.89
98.57 4.39%
985,700.00
0.00 0.41%
46.11 P-1/A-1+
F1
0.33 0.32
62479LY74 MUFG Bank, Ltd., New York
Branch 11/07/2025 2,000,000.00 02/13/2025
4.53%
1,935,029.99
1,968,610.00
98.44 4.51%
1,968,702.00
0.00 0.82%
92.00 P-1/A-1
NA
0.36 0.23
Total Commercial
Paper 3,000,000.00 4.51%
2,902,479.99
2,954,263.88
98.48 4.47%
2,954,402.00
0.00 1.22%
138.12
0.35 0.26
48
HOLDINGS REPORT
City of Pittsburg Managed/Reporting Cons | Account #10639 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CORPORATE
26442UAA2 DUKE ENERGY PROGRESS LLC 3.25
08/15/2025 500,000.00 04/18/2022
3.21%
500,605.00
500,000.00
99.84 4.54%
499,180.29
6,138.89
0.21%
(819.72)
Aa3/A
NA
0.13 0.12
57629WDK3 MASSMUTUAL GLOBAL FUNDING
II 4.15 08/26/2025 750,000.00 05/10/2023
4.74%
740,385.00
749,356.70
99.93 4.56%
749,463.32
10,807.29
0.31%
106.62
Aa3/AA+
AA+
0.16 0.15
931142EW9 WALMART INC 3.9 09/09/2025 155,000.00 09/06/2022
3.92%
154,891.50
154,993.07
99.91 4.33%
154,860.49
1,880.67
0.06%
(132.58)
Aa2/AA
AA
0.19 0.19
00440EAV9 CHUBB INA HOLDINGS LLC 3.35
05/03/2026 750,000.00 08/24/2023
5.19%
715,927.50
739,350.17
99.23 4.29%
744,232.21
4,047.92
0.31%
4,882.04
A2/A
A
0.84 0.81
69371RR32 PACCAR FINANCIAL CORP 1.1
05/11/2026 600,000.00 02/10/2023
4.54%
538,422.00
583,641.72
97.41 4.19%
584,469.46
916.67
0.24%
827.74
A1/A+
NA
0.86 0.84
89236TJK2 TOYOTA MOTOR CREDIT CORP
1.125 06/18/2026 250,000.00 01/11/2023
4.55%
223,112.50
242,440.58
97.05 4.28%
242,633.93
101.56
0.10%
193.35
A1/A+
A+
0.97 0.94
857477CD3 STATE STREET CORP 5.272
08/03/2026 350,000.00 07/31/2023
5.27%
350,000.00
350,000.00
101.00
4.31%
353,514.56
7,585.82
0.15%
3,514.56
Aa3/A
AA-
1.09 0.95
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 500,000.00 08/24/2023
5.48%
500,680.00
500,246.22
101.42
4.22%
507,091.28
10,207.75
0.21%
6,845.06
Aa2/A+
AA
1.13 0.99
437076CV2 HOME DEPOT INC 4.95
09/30/2026 500,000.00 11/30/2023
4.86%
501,140.00
500,484.50
100.99
4.12%
504,939.04
6,256.25
0.21%
4,454.54
A2/A
A
1.25 1.11
61690U7W4 MORGAN STANLEY BANK NA
5.882 10/30/2026 335,000.00 10/30/2023
5.88%
335,000.00
335,000.00
102.10
4.23%
342,049.45
3,338.85
0.14%
7,049.45
Aa3/A+
AA-
1.33 1.19
438516BL9 HONEYWELL INTERNATIONAL INC
2.5 11/01/2026 750,000.00 05/10/2023
3.96%
714,847.50
736,481.94
97.77 4.23%
733,306.94
3,125.00
0.30%
(3,175.00)
A2/A
A
1.34 1.29
713448FW3 PEPSICO INC 5.125 11/10/2026 275,000.00 11/08/2023
5.13%
274,925.75
274,966.33
101.26
4.16%
278,464.81
1,996.61
0.12%
3,498.48
A1/A+
NA
1.36 1.22
24422EXF1 JOHN DEERE CAPITAL CORP 4.5
01/08/2027 500,000.00 01/18/2024
4.52%
499,705.00
499,848.27
100.63
4.07%
503,142.49
10,812.50
0.21%
3,294.21
A1/A
A+
1.53 1.43
78016HZT0 ROYAL BANK OF CANADA 4.875
01/19/2027 665,000.00 01/10/2024
4.88%
664,833.75
664,913.99
100.97
4.22%
671,456.71
14,588.44
0.28%
6,542.72
A1/A
AA-
1.56 1.45
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027 1,000,000.00 --
4.81%
999,831.60
999,903.90
101.21
4.03%
1,012,126.55
16,666.67
0.42%
12,222.65
A1/AA-
NA
1.66 1.48
857477CL5 STATE STREET CORP 4.993
03/18/2027 325,000.00 03/13/2024
4.99%
325,000.00
325,000.00
101.45
4.11%
329,703.50
4,642.80
0.14%
4,703.50
Aa3/A
AA-
1.71 1.53
49
HOLDINGS REPORT
City of Pittsburg Managed/Reporting Cons | Account #10639 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 600,000.00 09/12/2022
4.08%
597,906.00
599,164.37
99.88 4.07%
599,266.21
3,400.00
0.25%
101.83
A2/A+
A+
1.86 1.76
14913UAL4 CATERPILLAR FINANCIAL SERVICES
CORP 5.0 05/14/2027 1,000,000.00 05/15/2024
4.89%
1,002,930.00
1,001,829.91
101.70
4.04%
1,017,024.22
6,527.78
0.42%
15,194.31
A2/A
A+
1.87 1.76
09290DAH4 BLACKROCK INC 4.6 07/26/2027 530,000.00 07/17/2024
4.60%
529,984.10
529,989.04
101.22
3.98%
536,471.49
10,496.94
0.22%
6,482.45
Aa3/AA-
NA
2.07 1.85
69371RT30 PACCAR FINANCIAL CORP 4.45
08/06/2027 560,000.00 08/01/2024
4.50%
559,255.20
559,478.98
101.16
3.87%
566,471.46
10,037.22
0.23%
6,992.48
A1/A+
NA
2.10 1.95
532457CP1 ELI LILLY AND CO 4.15 08/14/2027 470,000.00 08/12/2024
4.18%
469,619.30
469,730.90
100.49
3.90%
472,305.20
7,422.74
0.20%
2,574.30
Aa3/A+
NA
2.12 1.91
023135BC9 AMAZON.COM INC 3.15
08/22/2027 750,000.00 06/26/2024
4.90%
712,095.00
724,246.99
98.37 3.95%
737,782.90
8,465.63
0.31%
13,535.90
A1/AA
AA-
2.15 2.02
66815L2T5
NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.11
09/12/2027
545,000.00 09/05/2024
4.11%
544,983.65
544,988.01
99.91 4.15%
544,517.36
6,782.07
0.23%
(470.65)
Aa1/AA+
AAA
2.20 2.06
58989V2J2 MET TOWER GLOBAL FUNDING
4.0 10/01/2027 750,000.00 10/11/2024
4.23%
745,132.50
746,298.72
99.39 4.28%
745,442.85
7,500.00
0.31%
(855.87)
Aa3/AA-
AA-
2.25 2.11
91324PDE9 UNITEDHEALTH GROUP INC 2.95
10/15/2027 750,000.00 08/22/2024
4.19%
722,842.50
730,223.28
97.29 4.20%
729,640.37
4,670.83
0.30%
(582.91)
A2/A+
A
2.29 2.17
24422EXZ7 JOHN DEERE CAPITAL CORP 4.65
01/07/2028 375,000.00 01/06/2025
4.66%
374,887.50
374,905.31
101.51
4.01%
380,663.00
8,331.25
0.16%
5,757.69
A1/A
A+
2.52 2.31
89115A3E0 TORONTO-DOMINION BANK 4.861
01/31/2028 825,000.00 01/28/2025
4.86%
825,000.00
825,000.00
101.37
4.29%
836,292.28
16,821.09
0.35%
11,292.28
A2/A-
AA-
2.59 2.36
00287YDY2 ABBVIE INC 4.65 03/15/2028 470,000.00 02/18/2025
4.70%
469,374.90
469,445.10
101.51
4.05%
477,105.48
7,588.54
0.20%
7,660.37
A3/A-
NA
2.71 2.41
57629TBW6 MASSMUTUAL GLOBAL FUNDING
II 4.45 03/27/2028 720,000.00 03/20/2025
4.49%
719,143.20
719,218.25
100.60
4.21%
724,348.23
8,366.00
0.30%
5,129.98
Aa3/AA+
AA+
2.74 2.53
64953BBW7 NEW YORK LIFE GLOBAL FUNDING
4.4 04/25/2028 530,000.00 04/22/2025
4.43%
529,629.00
529,651.68
100.76
4.11%
534,044.64
4,275.33
0.22%
4,392.96
Aa1/AA+
AAA
2.82 2.61
90331HPS6 US BANK NA 4.73 05/15/2028 660,000.00 05/12/2025
4.88%
660,000.00
660,000.00
100.50
4.74%
663,315.46
3,988.97
0.27%
3,315.46
A2/A+
A+
2.88 1.76
87612EBU9 TARGET CORP 4.35 06/15/2028 280,000.00 06/05/2025
4.35%
279,997.20
279,997.25
100.60
4.13%
281,682.95
710.50
0.12%
1,685.70
A2/A
A
2.96 2.67
50
HOLDINGS REPORT
City of Pittsburg Managed/Reporting Cons | Account #10639 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 430,000.00 01/16/2025
4.92%
430,000.00
430,000.00
101.34
4.58%
435,774.28
9,216.99
0.18%
5,774.28
A1/A
AA-
3.57 2.34
89236TMK8 TOYOTA MOTOR CREDIT CORP
4.55 08/09/2029 750,000.00 02/27/2025
4.58%
748,965.00
749,043.44
100.80
4.33%
756,012.46
13,460.42
0.31%
6,969.02
A1/A+
A+
4.11 3.65
Total Corporate 19,200,000.00 4.63%
18,961,052.15
19,099,838.61
100.27
4.20%
19,248,795.85
241,175.98
7.98%
148,957.23
1.91 1.71
EQUITY MUTUAL
FUND
90PARS$00 City of Pittsburg 4,527,707.39 --
0.00%
4,527,707.39
4,527,707.39
1.07 0.00%
4,824,181.67
0.00 2.00%
296,474.28
NA/NA
NA
0.00 0.00
Total Equity Mutual
Fund 4,527,707.39 0.00%
4,527,707.39
4,527,707.39
1.07 0.00%
4,824,181.67
0.00 2.00%
296,474.28
0.00 0.00
INVESTMENT POOL
90PITT$01 City of Pittsburg 38,505,595.16 --
0.00%
38,505,595.16
38,505,595.16
1.00 0.00%
38,551,801.87
0.00 15.98%
46,206.71
NA/NA
NA
0.00 0.00
Total Investment
Pool 38,505,595.16 0.00%
38,505,595.16
38,505,595.16
1.00 0.00%
38,551,801.87
0.00 15.98%
46,206.71
0.00 0.00
MONEY MARKET
FUND
94975H254 ALLSPRING:GOVT MM S 276,048.98 --
3.91%
276,048.98
276,048.98
1.00 3.91%
276,048.98
0.00 0.11%
0.00 Aaa/AAAm
NA
0.00 0.00
94975H254 ALLSPRING:GOVT MM S 8,057,000.72 --
3.91%
8,057,000.72
8,057,000.72
1.00 3.91%
8,057,000.72
0.00 3.34%
0.00 Aaa/AAAm
NA
0.00 0.00
Total Money Market
Fund 8,333,049.70 3.91%
8,333,049.70
8,333,049.70
1.00 3.91%
8,333,049.70
0.00 3.45%
0.00 0.00
0.00 SUPRANATIONAL
4581X0EK0 INTER-AMERICAN DEVELOPMENT
BANK 4.5 05/15/2026 750,000.00 06/27/2023
4.53%
749,422.50
749,824.09
100.36
4.07%
752,675.20
4,312.50
0.31%
2,851.10
Aaa/AAA
NA
0.87 0.84
51
HOLDINGS REPORT
City of Pittsburg Managed/Reporting Cons | Account #10639 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
45950KDF4 INTERNATIONAL FINANCE CORP
4.375 01/15/2027 710,000.00 11/29/2023
4.49%
707,685.40
708,852.89
100.74
3.87%
715,279.88
14,326.54
0.30%
6,426.99
Aaa/AAA
NA
1.54 1.45
459058LT8
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.625 05/05/2028
660,000.00 04/29/2025
3.70%
658,534.80
658,609.73
99.70 3.74%
657,996.29
3,655.21
0.27%
(613.44)
Aaa/AAA
NA
2.85 2.66
Total Supranational 2,120,000.00 4.26%
2,115,642.70
2,117,286.71
100.28
3.90%
2,125,951.37
22,294.25
0.88%
8,664.65
1.71 1.61
US TREASURY
912797NX1 UNITED STATES TREASURY
07/03/2025 2,000,000.00 01/02/2025
4.28%
1,958,445.42
1,999,540.83
99.98 4.25%
1,999,534.34
0.00 0.83%
(6.49)
P-1/A-1+
F1+
0.01 0.01
912797LW5 UNITED STATES TREASURY
07/10/2025 2,000,000.00 10/07/2024
4.22%
1,937,895.83
1,997,967.50
99.90 4.25%
1,997,904.16
0.00 0.83%
(63.34)
P-1/A-1+
F1+
0.03 0.02
912797MG9 UNITED STATES TREASURY
08/07/2025 2,000,000.00 10/07/2024
4.25%
1,931,320.00
1,991,613.33
99.56 4.33%
1,991,262.60
0.00 0.83%
(350.73)
P-1/A-1+
F1+
0.10 0.10
912797MH7 UNITED STATES TREASURY
09/04/2025 2,000,000.00 10/07/2024
4.24%
1,925,249.17
1,985,320.83
99.23 4.35%
1,984,621.18
0.00 0.82%
(699.65)
P-1/A-1+
F1+
0.18 0.18
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025 750,000.00 04/29/2022
2.90%
752,314.45
750,168.90
99.67 4.29%
747,558.59
5,655.74
0.31%
(2,610.30)
Aa1/AA+
AA+
0.25 0.25
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025 1,000,000.00 06/02/2022
2.88%
1,004,023.44
1,000,393.95
99.57 4.28%
995,742.19
5,054.35
0.41%
(4,651.76)
Aa1/AA+
AA+
0.34 0.33
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025 3,000,000.00 10/31/2024
4.32%
2,961,562.50
2,987,152.40
99.57 4.28%
2,987,226.57
15,163.04
1.24%
74.17 Aa1/AA+
AA+
0.34 0.33
912828M56 UNITED STATES TREASURY 2.25
11/15/2025 1,000,000.00 08/25/2022
3.36%
966,093.75
996,053.39
99.24 4.32%
992,369.79
2,873.64
0.41%
(3,683.60)
Aa1/AA+
AA+
0.38 0.37
912828M56 UNITED STATES TREASURY 2.25
11/15/2025 3,500,000.00 11/26/2024
4.46%
3,427,539.06
3,471,877.77
99.24 4.32%
3,473,294.27
10,057.74
1.44%
1,416.50
Aa1/AA+
AA+
0.38 0.37
9128285T3 UNITED STATES TREASURY 2.625
12/31/2025 1,000,000.00 08/25/2022
3.34%
977,421.88
996,621.59
99.22 4.23%
992,200.52
71.33 0.41%
(4,421.07)
Aa1/AA+
AA+
0.50 0.49
91282CJS1 UNITED STATES TREASURY 4.25
12/31/2025 2,000,000.00 01/02/2025
4.22%
2,000,625.00
2,000,315.95
100.00
4.25%
2,000,019.54
230.98
0.83%
(296.41)
Aa1/AA+
AA+
0.50 0.49
91282CBH3 UNITED STATES TREASURY 0.375
01/31/2026 1,500,000.00 01/30/2025
4.25%
1,443,632.81
1,466,951.84
97.80 4.24%
1,466,967.78
2,346.34
0.61%
15.94 Aa1/AA+
AA+
0.59 0.57
52
HOLDINGS REPORT
City of Pittsburg Managed/Reporting Cons | Account #10639 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912828P46 UNITED STATES TREASURY 1.625
02/15/2026 1,500,000.00 02/27/2025
4.23%
1,463,437.50
1,476,213.60
98.43 4.20%
1,476,430.67
9,157.46
0.61%
217.06
Aa1/AA+
AA+
0.63 0.61
9128286L9 UNITED STATES TREASURY 2.25
03/31/2026 1,000,000.00 08/29/2022
3.39%
961,640.63
991,999.92
98.65 4.10%
986,503.91
5,655.74
0.41%
(5,496.01)
Aa1/AA+
AA+
0.75 0.73
912828U24 UNITED STATES TREASURY 2.0
11/15/2026 1,500,000.00 05/09/2023
3.65%
1,418,964.84
1,468,342.68
97.50 3.88%
1,462,558.59
3,831.52
0.61%
(5,784.09)
Aa1/AA+
AA+
1.38 1.33
912828V98 UNITED STATES TREASURY 2.25
02/15/2027 1,000,000.00 11/29/2022
4.06%
930,585.94
973,191.19
97.56 3.81%
975,625.00
8,453.04
0.40%
2,433.81
Aa1/AA+
AA+
1.63 1.56
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 1,100,000.00 11/03/2022
4.46%
1,014,148.44
1,065,937.01
97.86 3.77%
1,076,496.09
6,912.57
0.45%
10,559.08
Aa1/AA+
AA+
1.75 1.68
91282CEN7 UNITED STATES TREASURY 2.75
04/30/2027 1,500,000.00 02/13/2024
4.39%
1,427,167.97
1,458,452.78
98.23 3.76%
1,473,398.43
6,949.73
0.61%
14,945.65
Aa1/AA+
AA+
1.83 1.76
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 1,250,000.00 11/03/2022
4.44%
1,187,792.97
1,223,308.46
99.11 3.72%
1,238,818.36
110.39
0.51%
15,509.90
Aa1/AA+
AA+
2.00 1.91
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 800,000.00 01/30/2023
3.72%
779,968.75
790,523.49
98.77 3.72%
790,156.25
8,355.98
0.33%
(367.25)
Aa1/AA+
AA+
2.17 2.05
9128283F5 UNITED STATES TREASURY 2.25
11/15/2027 1,500,000.00 05/16/2023
3.59%
1,417,031.25
1,456,217.95
96.70 3.72%
1,450,488.29
4,310.46
0.60%
(5,729.67)
Aa1/AA+
AA+
2.38 2.27
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 1,250,000.00 09/27/2024
3.51%
1,220,019.53
1,226,681.86
97.62 3.71%
1,220,263.68
12,914.36
0.51%
(6,418.18)
Aa1/AA+
AA+
2.63 2.48
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 1,000,000.00 11/12/2024
4.34%
1,001,250.00
1,001,044.22
101.97
3.71%
1,019,726.56
14,622.96
0.42%
18,682.34
Aa1/AA+
AA+
3.17 2.90
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 1,500,000.00 04/18/2024
4.72%
1,402,792.96
1,428,272.72
98.13 3.72%
1,471,992.18
5,986.75
0.61%
43,719.46
Aa1/AA+
AA+
3.38 3.15
9128286T2 UNITED STATES TREASURY 2.375
05/15/2029 1,000,000.00 03/17/2025
4.08%
935,390.63
939,856.72
95.13 3.74%
951,250.00
3,033.29
0.39%
11,393.28
Aa1/AA+
AA+
3.87 3.64
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 1,000,000.00 11/05/2024
4.20%
991,445.31
992,618.61
100.93
3.75%
1,009,335.94
16,685.08
0.42%
16,717.33
Aa1/AA+
AA+
4.08 3.68
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 1,750,000.00 12/13/2024
4.27%
1,665,712.89
1,675,372.32
97.59 3.76%
1,707,753.92
18,278.70
0.71%
32,381.59
Aa1/AA+
AA+
4.17 3.82
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 1,000,000.00 06/16/2025
4.01%
999,687.50
999,690.24
100.95
3.76%
1,009,531.25
6,739.13
0.42%
9,841.01
Aa1/AA+
AA+
4.34 3.92
91282CFY2 UNITED STATES TREASURY 3.875
11/30/2029 1,000,000.00 06/06/2025
4.02%
993,984.38
994,065.32
100.44
3.76%
1,004,414.06
3,282.10
0.42%
10,348.74
Aa1/AA+
AA+
4.42 4.01
53
HOLDINGS REPORT
City of Pittsburg Managed/Reporting Cons | Account #10639 | As of June 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total US Treasury 42,400,000.00 4.09%
41,097,144.80
41,805,767.38
98.96 4.05%
41,953,444.69
176,732.44
17.39%
147,677.31
1.40 1.31
Total Portfolio 241,269,779.73 1.89%
239,350,997.02
240,428,057.71
41.08 1.80%
241,308,395.07
648,997.82
100.00%
880,337.36
0.68 0.59
Total Market Value +
Accrued 241,957,392.89
54
TRANSACTIONS
55
TRANSACTION LEDGER
City of Pittsburg | Account #10607|04/01/2025 Through 06/30/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 04/25/2025 64953BBW7 530,000.00 NEW YORK LIFE GLOBAL FUNDING 4.4 04/25/2028 99.930 4.43% (529,629.00) 0.00 (529,629.00) 0.00 Purchase 05/05/2025 3137FKZZ2 1,000,000.00 FHMS K-088 A2 3.69 01/25/2029 98.762 4.02% (987,617.19) (410.00) (988,027.19) 0.00 Purchase 05/06/2025 459058LT8 660,000.00
INTERNATIONAL BANK
FOR RECONSTRUCTION
AND DEVELOPM 3.625
05/05/2028
99.778 3.70% (658,534.80) 0.00 (658,534.80) 0.00
Purchase 05/14/2025 362549AD9 185,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 99.985 4.71% (184,972.77) 0.00 (184,972.77) 0.00 Purchase 05/15/2025 90331HPS6 660,000.00 US BANK NA 4.73 05/15/2028 100.000 4.88% (660,000.00) 0.00 (660,000.00) 0.00 Purchase 05/29/2025 362962AD4 350,000.00 GMALT 2025-2 A3 4.58 05/20/2028 99.998 4.84% (349,994.19) 0.00 (349,994.19) 0.00 Purchase 06/09/2025 91282CFY2 1,000,000.00 UNITED STATES TREASURY
3.875 11/30/2029 99.398 4.02% (993,984.38) (952.87) (994,937.25) 0.00 Purchase 06/10/2025 87612EBU9 280,000.00 TARGET CORP 4.35 06/15/2028 99.999 4.35% (279,997.20) 0.00 (279,997.20) 0.00 Purchase 06/17/2025 91282CFT3 1,000,000.00 UNITED STATES TREASURY
4.0 10/31/2029 99.969 4.01% (999,687.50) (5,217.39) (1,004,904.89) 0.00 Total Purchase 5,665,000.00 (5,644,417.03) (6,580.26) (5,650,997.29) 0.00 TOTAL
ACQUISITIONS 5,665,000.00 (5,644,417.03) (6,580.26) (5,650,997.29) 0.00
DISPOSITIONS
Maturity 04/15/2025 87612EBL9 (500,000.00) TARGET CORP 2.25 04/15/2025 100.000 2.08% 500,000.00 0.00 500,000.00 0.00 Maturity 04/15/2025 437076CM2 (500,000.00) HOME DEPOT INC 2.7 04/15/2025 100.000 2.76% 500,000.00 0.00 500,000.00 0.00 Maturity 04/25/2025 06406RBC0 (510,000.00)
BANK OF NEW YORK
MELLON CORP 3.35
04/25/2025
100.000 3.35% 510,000.00 0.00 510,000.00 0.00
Maturity 04/30/2025 912828ZL7 (500,000.00) UNITED STATES TREASURY
0.375 04/30/2025 100.000 0.39% 500,000.00 0.00 500,000.00 0.00 56
TRANSACTION LEDGER
City of Pittsburg | Account #10607|04/01/2025 Through 06/30/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Maturity 05/15/2025 02582JJT8 (510,000.00) AMXCA 2022-2 A 3.39 05/17/2027 100.000 3.42% 0.00 0.00 0.00 0.00
Maturity 05/31/2025 912828ZT0 (1,200,000.00) UNITED STATES TREASURY
0.25 05/31/2025 100.000 0.72% 1,200,000.00 0.00 1,200,000.00 0.00 Total Maturity (3,720,000.00) 3,210,000.00 0.00 3,210,000.00 0.00 Sale 05/22/2025 912828ZT0 (50,000.00) UNITED STATES TREASURY
0.25 05/31/2025 99.887 0.72% 49,943.36 59.41 50,002.77 (50.90) Sale 06/17/2025 3130B0ZP7 (1,000,000.00) FEDERAL HOME LOAN BANKS 4.875 03/13/2026 100.451 4.85% 1,004,510.00 12,729.17 1,017,239.17 4,316.94 Total Sale (1,050,000.00) 1,054,453.36 12,788.58 1,067,241.94 4,266.04 TOTAL
DISPOSITIONS (4,770,000.00) 4,264,453.36 12,788.58 4,277,241.94 4,266.04 57
TRANSACTION LEDGER
City of Pittsburg Liquidity | Account #10617|04/01/2025 Through 06/30/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Maturity 04/17/2025 912797KS5 (1,500,000.00) UNITED STATES TREASURY 04/17/2025 100.000 5.16% 1,500,000.00 0.00 1,500,000.00 0.00 Maturity 05/15/2025 912797LB1 (1,500,000.00) UNITED STATES TREASURY 05/15/2025 100.000 5.12% 1,500,000.00 0.00 1,500,000.00 0.00 Maturity 06/12/2025 912797LN5 (1,500,000.00) UNITED STATES TREASURY 06/12/2025 100.000 5.05% 1,500,000.00 0.00 1,500,000.00 0.00 Total Maturity (4,500,000.00) 4,500,000.00 0.00 4,500,000.00 0.00 TOTAL
DISPOSITIONS (4,500,000.00) 4,500,000.00 0.00 4,500,000.00 0.00 58
TRANSACTION LEDGER
City of Pittsburg Managed/Reporting Cons | Account #10639|04/01/2025 Through 06/30/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 04/25/2025 64953BBW7 530,000.00 NEW YORK LIFE GLOBAL FUNDING 4.4 04/25/2028 99.930 4.43% (529,629.00) 0.00 (529,629.00) 0.00 Purchase 05/05/2025 3137FKZZ2 1,000,000.00 FHMS K-088 A2 3.69 01/25/2029 98.762 4.02% (987,617.19) (410.00) (988,027.19) 0.00 Purchase 05/06/2025 459058LT8 660,000.00
INTERNATIONAL BANK
FOR RECONSTRUCTION
AND DEVELOPM 3.625
05/05/2028
99.778 3.70% (658,534.80) 0.00 (658,534.80) 0.00
Purchase 05/14/2025 362549AD9 185,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 99.985 4.71% (184,972.77) 0.00 (184,972.77) 0.00 Purchase 05/15/2025 90331HPS6 660,000.00 US BANK NA 4.73 05/15/2028 100.000 4.88% (660,000.00) 0.00 (660,000.00) 0.00 Purchase 05/29/2025 362962AD4 350,000.00 GMALT 2025-2 A3 4.58 05/20/2028 99.998 4.84% (349,994.19) 0.00 (349,994.19) 0.00 Purchase 06/09/2025 91282CFY2 1,000,000.00 UNITED STATES TREASURY
3.875 11/30/2029 99.398 4.02% (993,984.38) (952.87) (994,937.25) 0.00 Purchase 06/10/2025 87612EBU9 280,000.00 TARGET CORP 4.35 06/15/2028 99.999 4.35% (279,997.20) 0.00 (279,997.20) 0.00 Purchase 06/17/2025 91282CFT3 1,000,000.00 UNITED STATES TREASURY
4.0 10/31/2029 99.969 4.01% (999,687.50) (5,217.39) (1,004,904.89) 0.00 Purchase 06/30/2025 90PARS$00 327,476.47 City of Pittsburg 1.000 (327,476.47) 0.00 (327,476.47) 0.00 Purchase 06/30/2025 90PITT$01 414,350.98 City of Pittsburg 1.000 (414,350.98) 0.00 (414,350.98) 0.00 Total Purchase 6,406,827.45 (6,386,244.48) (6,580.26) (6,392,824.74) 0.00 TOTAL
ACQUISITIONS 6,406,827.45 (6,386,244.48) (6,580.26) (6,392,824.74) 0.00
DISPOSITIONS
Maturity 04/15/2025 87612EBL9 (500,000.00) TARGET CORP 2.25 04/15/2025 100.000 2.08% 500,000.00 0.00 500,000.00 0.00 Maturity 04/15/2025 437076CM2 (500,000.00) HOME DEPOT INC 2.7 04/15/2025 100.000 2.76% 500,000.00 0.00 500,000.00 0.00 Maturity 04/17/2025 912797KS5 (1,500,000.00) UNITED STATES TREASURY 04/17/2025 100.000 5.16% 1,500,000.00 0.00 1,500,000.00 0.00 59
TRANSACTION LEDGER
City of Pittsburg Managed/Reporting Cons | Account #10639|04/01/2025 Through 06/30/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Maturity 04/25/2025 06406RBC0 (510,000.00)
BANK OF NEW YORK
MELLON CORP 3.35
04/25/2025
100.000 3.35% 510,000.00 0.00 510,000.00 0.00
Maturity 04/30/2025 912828ZL7 (500,000.00) UNITED STATES TREASURY
0.375 04/30/2025 100.000 0.39% 500,000.00 0.00 500,000.00 0.00 Maturity 05/15/2025 02582JJT8 (510,000.00) AMXCA 2022-2 A 3.39 05/17/2027 100.000 3.42% 0.00 0.00 0.00 0.00
Maturity 05/15/2025 912797LB1 (1,500,000.00) UNITED STATES TREASURY 05/15/2025 100.000 5.12% 1,500,000.00 0.00 1,500,000.00 0.00 Maturity 05/31/2025 912828ZT0 (1,200,000.00) UNITED STATES TREASURY
0.25 05/31/2025 100.000 0.72% 1,200,000.00 0.00 1,200,000.00 0.00 Maturity 06/12/2025 912797LN5 (1,500,000.00) UNITED STATES TREASURY 06/12/2025 100.000 5.05% 1,500,000.00 0.00 1,500,000.00 0.00 Total Maturity (8,220,000.00) 7,710,000.00 0.00 7,710,000.00 0.00 Sale 05/22/2025 912828ZT0 (50,000.00) UNITED STATES TREASURY
0.25 05/31/2025 99.887 0.72% 49,943.36 59.41 50,002.77 (50.90) Sale 06/17/2025 3130B0ZP7 (1,000,000.00) FEDERAL HOME LOAN BANKS 4.875 03/13/2026 100.451 4.85% 1,004,510.00 12,729.17 1,017,239.17 4,316.94 Total Sale (1,050,000.00) 1,054,453.36 12,788.58 1,067,241.94 4,266.04 TOTAL
DISPOSITIONS (9,270,000.00) 8,764,453.36 12,788.58 8,777,241.94 4,266.04 60
IMPORTANT DISCLOSURES
2025 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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This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.
Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.
Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest. 61
BENCHMARK DISCLOSURES
City of Pittsburg | As of June 30, 2025
Benchmark Disclosure
ICE BofA 3-Month US Treasury Bill Index
The ICE BofA US 3-Month Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month- end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, three months from the rebalancing date.
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. 62
OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Maria M. Aliotti - Interim City Manager
SUBJECT: Adoption of a City Council Resolution Designating a Voting Delegate and an Alternate for the League of California Cities 2025 Annual Conference and Expo
MEETING DATE: September 15, 2025
EXECUTIVE SUMMARY
Every year, the League of California Cities (Cal Cities) convenes a member-driven General Assembly at the Annual Conference and Expo. The General Assembly is an important opportunity where city officials can directly participate in the development of Cal Cities policies. The City Council must appoint a voting delegate and an alternate.
FISCAL IMPACT
There is no fiscal impact.
RECOMMENDATION
Adopt the attached Resolution designating Mayor Jelani Killings as the primary voting delegate and Vice-Mayor Dionne Adams as the alternate.
BACKGROUND
In order to vote at the General Assembly, a voting delegate and an alternate must be designated by the City Council.
SUBCOMMITTEE FINDINGS
This item was not presented to a subcommittee.
STAFF ANALYSIS
The City’s appointed voting delegate plays an important role during the General Assembly by representing the City and voting on resolutions. Mayor Killings and Vice- Mayor Adams are registered to attend the conference from October 8-10, 2025 in Long Beach and should, therefore, be appointed as the City's voting delegates. Following the City Council action, delegates must be submitted through the online portal by September 24, 2025.
ATTACHMENTS: Resolution
Report Prepared By: Melaine Venenciano, Director of City Clerk Services
BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:
Designating a Voting Delegate and an )
Alternate for the League of California ) RESOLUTION NO. 25- Cities 2025 Annual Conference and Expo )
WHEREAS, every year, the League of California Cities (Cal Cities) convenes a member-driven General Assembly at the Annual Conference and Expo; and
WHEREAS, the General Assembly is an important opportunity where city officials can directly participate in the development of Cal Cities policies; and
WHEREAS, the City Council must appoint a voting delegate and an alternate in order to vote; and
WHEREAS, Mayor Killings is registered to attend the conference and, should therefore, be appointed as the City’s primary voting delegate; and
WHEREAS, Vice-Mayor Adams is also registered to attend the conference and, should therefore, be appointed as the City’s alternate voting delegate.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Pittsburg hereby appoints Mayor Killings as the primary voting delegate and Vice-Mayor Adams as the alternate voting delegate.
PASSED AND ADOPTED by the City Council of the City of Pittsburg, at a regular meeting on the 15th day of September 2025, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
____
Jelani Killings, Mayor
ATTEST BY:
Alice E. Evenson, City Clerk
OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Maria M. Aliotti - Interim City Manager
SUBJECT: Adoption of a City Council Resolution Authorizing the City Manager to Negotiate and Execute a Contract for Meter
Reading Supplies with Badger Meter, Inc.
MEETING DATE: September 15, 2025
EXECUTIVE SUMMARY
The City’s water system distributes potable water to approximately 19,690 residential, commercial, industrial, and institutional customers. Public Works crews maintain the water meters and purchase necessary supplies under an annual contract with vendor, Badger Meter. If approved, the resolution will authorize the City Manager to negotiate and execute a contract with Badger Meter for meters and meter reading supplies.
FISCAL IMPACT
The City Council approved sufficient funds for the purchase of meter supplies with the adoption of the City’s Operating Budget for Fiscal Year (FY) 2025/26 (Resolution No. 25-14634), included within Water Operations (501-44101). Staff is proposing to expend up to $200,000 from its approved FY 2025/26 Operating Budget on the purchase of various meter supplies as the need arises throughout the fiscal year.
RECOMMENDATION
City Council adopt the attached Resolution authorizing the City Manager to negotiate and execute a contract with Badger Meter for Automatic Metering Infrastructure (AMI) cellular meters and products.
BACKGROUND
Part of the water system includes a Badger AMI system that allows for the diagnosis and reporting of accounts where leaks are detected. Existing meters regularly require repairs or replacement to maintain function and efficiency. Additionally, new housing developments require the installation of AMI cellular meters and supplies to integrate with the City’s water system.
SUBCOMMITTEE FINDINGS
This item was not presented to a subcommittee.
STAFF ANALYSIS
With an AMI system, meter readings and event data are transmitted via cellular system to a central program. This data then synchronizes with the City’s billing system. Public Works Department staff continue to install and maintain Badger AMI cellular meters and products to update and enhance the current water system, identify the detection of leaks earlier, and provide a useful tool for water conservation.
Badger Meter, Inc., is the sole product distributor for the City’s water meters. The contracting process with Badger Meter, Inc. is compliant with Pittsburg Municipal Code
2.85 because no other manufacturer makes a meter compatible with the City’s system.
Attached to this staff report is a list of the various types of meter supplies that may be used to maintain the City's water system, totaling approximately, $1 million. Because maintenance needs vary and emergencies are unpredictable, staff is proposing to negotiate the ability to purchase up to $200,000 of meter supplies.
ATTACHMENTS: Resolution
Proposal from Badger
Report Prepared By: Shannon Tully, Administrative Assistant