City Council Workshop - Supplemental Material 1-9-25 — Pleasanton City Council, January 9, 2025

SUPPLEMENTAL MATERIAL
1 Responses to City Council Agenda Items – January 9, 2025

Workshop
Agenda Item #1 (Budget Update, Budget Principles and Key Financial Policies)

1. Has online sales tax offset the City’s loss in “brick and mortar” sales tax?

A. At the March 19th Council Meeting, the City Council requested information regarding Pleasanton’s share of sales tax allocation from the county pool over time. Attached please find a report provided by HdLshowing the allocations between calendar years 2014 and 2023. Please refer to the two rows highlighted in blue for Pleasanton’s allocations.

As noted in the report, AB 147, California's New Online Sales Tax Collection Law, was enacted in 2019 and fully implemented in 2020. California now requires out-of-state and online retailers to collect sales taxes. With the enactment of AB 147, the allocations to cities increased significantly.

Pleasanton’s allocation increased from $3.3M in 2018 to $3.9M in 2019. The allocation to the City has remained at about $4.9M over the last two years.

While the increase from the county pool allocation helped to offset the decrease in revenue from the Stoneridge Shopping Center, the decline impacted our overall revenue growth. The Stoneridge Mall used to generate more than $4.5M in sales tax revenue per year, and now it is only generating about $2.5M per year.

Alameda County Pool
Pool MIG are Adjusted Data; City Allocation % are based on cash for that period.

Major Industry Groups
Calendar Yr
2014
Totals
Calendar Yr
2015
Totals
Calendar Yr
2016
Totals
Calendar Yr
2017
Totals
Calendar Yr
2018
Totals
Calendar Yr
2019
Totals
Calendar Yr
2020
Totals
Calendar Yr
2021
Totals
Calendar Yr
2022
Totals
Calendar Yr
2023
Totals
Autos And Transportation 3,822,146 4,038,948 4,105,375 4,046,437 4,573,686 4,683,641 4,958,385 5,641,793 5,827,027 5,280,563 Building And Construction 3,226,920 3,766,174 4,119,892 4,575,316 4,649,585 5,191,731 5,232,123 5,782,090 6,067,029 5,977,714 Business And Industry 20,940,897 20,636,252 21,810,242 23,436,805 25,239,671 25,355,605 26,654,755 31,663,315 35,507,210 34,738,869 Food And Drugs 80,483 77,217 71,064 65,111 94,831 112,070 190,089 266,499 247,631 276,234 Fuel And Service Stations 306,734 240,626 179,006 255,918 179,738 234,640 195,227 253,647 346,657 348,331 General Consumer Goods 10,574,586 10,973,466 12,879,036 15,483,715 16,740,936 21,437,615 33,162,995 29,904,187 28,091,576 25,712,952 Restaurants And Hotels 106,066 152,164 197,387 199,139 180,055 158,423 172,668 1,041,180 1,568,659 1,652,164 Transfers & Unidentified 195,289 195,878 187,491 245,436 410,805 1,749,183 2,502,043 3,206,775 3,971,103 4,638,154 Total (Net Collections) 39,253,120 40,080,724 43,549,494 48,307,877 52,069,306 58,922,909 73,068,285 77,759,487 81,626,891 78,624,981 AB 147 started AB147 fully
implemented
Pandemic
Large online reporter
changed reporting
method
Large online reporter
shifted again
Pleasanton Pool
Allocation in Dollars 3,140,250$ 3,206,458$ 3,309,762$ 3,574,783$ 3,332,436$ 3,947,835$ 4,822,507$ 5,054,367$ 4,979,240$ 4,953,374$ Agencies % of Pool:

Alameda 3.2% 3.3% 3.0% 3.3% 3.2% 3.4% 3.2% 3.1% 2.8% 3.0% Alameda Co. Uninc 3.2% 3.4% 3.4% 3.2% 3.1% 3.4% 3.4% 3.3% 3.1% 3.2% Albany 0.9% 0.9% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% Berkeley 6.3% 6.2% 6.1% 5.6% 5.4% 5.6% 5.0% 4.8% 4.6% 4.7% Dublin 6.5% 6.4% 6.5% 6.3% 6.5% 6.6% 6.5% 6.8% 6.2% 7.2% Emeryville 3.1% 3.0% 2.8% 2.8% 2.6% 2.7% 2.2% 2.2% 2.1% 2.0% Fremont 14.5% 14.6% 15.5% 16.6% 20.2% 15.8% 17.3% 19.6% 24.2% 19.7%* Hayward 11.1% 10.9% 11.3% 10.5% 10.0% 11.4% 12.1% 11.0% 10.4% 11.6% Livermore 9.1% 9.3% 9.7% 9.7% 9.6% 10.0% 9.6% 9.6% 9.0% 9.2% Newark 3.8% 3.9% 3.9% 3.9% 3.9% 3.8% 4.3% 4.1% 4.0% 4.6% Oakland 18.0% 17.3% 16.6% 17.1% 16.5% 17.0% 15.7% 15.3% 14.6% 15.1% Piedmont 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% Pleasanton 8.0% 8.0% 7.6% 7.4% 6.4% 6.7% 6.6% 6.5% 6.1% 6.3% San Leandro 9.0% 9.7% 9.6% 9.4% 8.7% 9.5% 9.9% 9.9% 9.1% 9.5% Union City 3.4% 3.1% 3.2% 3.4% 3.2% 3.2% 3.3% 3.0% 2.9% 3.1% 03/22/2024 8:52 am *Estimated at 17.5% going forward

1. Has the City increased user fees for city facilities, or added new user fees? If so, what is the anticipated annual revenues generated from such and were they included in the forecast?
General City facility use fees are analyzed and modified regularly to remain within the appropriate cost recovery bucket in the Master Fee Schedule.

Regarding co-sponsor use of City fields, the City maintains formal partnerships with a limited number of private non-profit sports organizations that use the City’s sports fields with priority above other user groups (and historically without charge).

Currently, the City charges these groups $18 per hour for field lights when used, but there is no additional fee for the rental/use of the field. The fees proposed for co- sponsor group use of fields were recommended by the Parks & Recreation Commission. If approved by the City Council at the January 21, 2025 meeting, the field fees will become effective in FY 2025/26. The annual revenue is estimated at $61,000.

2. I recall the CC processing fees was estimating a recovery of ~$420k/annually (I think staff also estimated a ~50/50 split between the General Fund and the Water Enterprise Fund). Is this accurate, and is it included in the forecast – I presume not since the forecast hasn’t been updated yet?
The credit card fees will be reflected in the updated forecast that will be presented to the Council in February as part of the FY 2024/25 mid-year budget update. Annual fees/expenses will depend on credit card payments. Over 50% of the fees is expected to be generated by Enterprise Funds associated with utility billings. Please be reminded that these fees will help to offset some costs but will not be able to eliminate the projected structural deficit as the funding gap is significant.

3. The staff report now outlines the 3.5% YoY P-Tax judgement from the 4% experienced in 2023-2024 due to commercial / office building concerns. This appears a policy question to me. To understand better, is there a way to get some clarity on this risk? For example, can Council get a list of the commercial/office buildings that have appealed their assessed valuations over the past 3 to 4 years and have it identified if those appeals were approved and for what amount? Attached please find the appeals reports provided by the City’s property tax consultant. At the June 2024 Mayor’s Conference, The Assessor’s Officer presented the projected property tax growth rate for cities within Alameda County. As presented in the chart below, the anticipated growth for Pleasanton is about 4%.

The City has the second lowest growth rate in the county after Emeryville.

4. Since the housing element is in place and we’ve seen activity increasing, can Council be provided a list of developments in Pleasanton – showing number of housing units by type and estimated property taxes to the City once constructed and occupied? I presume some of this was input into the forecast, but when / how much would be a policy conversation I think Council should have.

This request will require more time to compile the information. Staff will provide the information when it becomes available. Please note that the 1% countywide property tax paid by property owners, the City receives over 24% and the rest goes to the County, schools and other special districts.

5. OPEB Trust Fund

1. Could you let Council know the balance as of year-end 06/30/2024 and then maybe a more recent balance – say 11/30/2024 (I’d ask for 12/31/2024, but even I don’t have my bank statements yet).

At June 30, 2024, the assets in the OPEB trust accounts including the 50% with LPFD totaled $81.3M. At September 30, 2024, the assets totaled $87.9M. It should be noted that Pleasanton’s retiree medical liability is high compared to some of the Tri-Valley cities’ liabilities.

2. My past recollection was that OPEB has actuary reports generated yearly to estimate its obligations, etc. – could Council be provided the last 2 or 3 years of those reports?
Attached please find the Fire and Non-fire OPEB actuarial valuation reports prepared for recent years.

6. The $900M 10-year state of good repair gap – Can you refresh my memory, did that include replacing the Civic Center? If so, how much was that cost estimated at? Replacement of the Civic Center is not included in the draft 10-year infrastructure plan.

2024-2025 PROPERTY DATA

THE CITY OF PLEASANTON

APPEALS REPORTS
Revenue Management for Local Government

THE CITY OF PLEASANTON
2024/25 PROPERTY TAX
Contents
1Section 1: Entire City
1Pending Appeals Impact Projections
2Pending Appeals
8Top Owner Pending Appeals
11Appeals History

PENDING APPEALS IMPACT PROJECTIONS

THE CITY OF PLEASANTON
Potential AV Loss Based On Prior Success Rates On Current Average Appeals Entire City Appeals History:

Pending
Appeals
Resolved
Appeals
Total
Appeals
Successful
Appeals
Lien
Year
Successful
Orig Value
Successful Appeal
Value Loss
Success
Rate Loss Rate
2019/20 5 55.00%65 60 33 $716,133,679 $50,955,581 7.12% 2020/21 14 48.60%121 107 52 $869,072,799 $83,160,076 9.57% 2021/22 21 68.75%69 48 33 $907,491,726 $82,978,744 9.14% 2022/23 40 56.82%84 44 25 $714,010,870 $120,661,825 16.90% 2023/24 128 26.79%184 56 15 $241,001,168 $51,429,900 21.34% 2024/25 0 0.00%[0]* [0]* [0]* [$0]* [$0]* 0.00%
$3,447,710,242 523 $389,186,126Totals: 208 315 158 50.16% 11.29% *Years with less than 10% resolved appeals or no successful appeals are not included in history totals.

Entire City Pending Appeals Impact Projection Based On Annual Experience:

Projected AV
Loss
Prior
Loss
Avg. Appeal
Value
Prior
Successful
Lien
Year
Pending
Appeals
Projected
Revenue Loss
Avg. Tax
Rate
2019/20 5 $13,402,017 $2,622,41055.00% 7.12% $6,6820.254805 2020/21 14 $17,406,157 $11,332,06948.60% 9.57% $28,8750.254805 2021/22 21 $37,580,637 $49,611,26668.75% 9.14% $126,4120.254805 2022/23 40 $21,211,746 $81,468,32856.82% 16.90% $207,5850.254805 2023/24 128 $20,022,573 $146,497,30026.79% 21.34% $373,2820.254805 2024/25 0 $0 $050.16%* 11.29%* $00.254805
$21,101,874**Totals: 208 $742,835$291,531,374
*Years with less than 10% resolved appeals or no successful appeals are not included in history totals. **Combined Average value per appeal is based on 523 appeals in the years 2019/20 to 2024/25 with a total value of $11,036,280,162 Average Rate and Projected Revenue Loss reflect Prop 13 1% revenue for all non-redevelopment-related agencies known to be associated with Pleasanton This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Combined Tax Rolls & Most Recent Appeals Roll

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PENDING APPEALS

THE CITY OF PLEASANTON
Pending Appeals Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2020 Pending Appeals
Parcel/Bill Number File DateAppeal Number Applicant Value Under Appeal Opinion TotalSitus Address 100118 07/27/2000-393645-00-001-1 Focus Shoes $119,794 $30,000 100654 09/14/20941 -1201-098-00-1 Blackhawk Network Inc $11,992,201 $2,288,8246220 Stoneridge Mall Rd 100673 09/14/20941 -1201-094-03-1 Stoneridge Properties Llc C/O Simon Property Group $271,125,755 $160,000,0001008 Stoneridge Mall Rd 100675 09/14/2000-386550-00-001-1 Mount Diablo Brewing Company, Llc $80,881 $4,700 100716 09/14/20941 -1051-011-00-1 Jia Gan $1,183,974 $1,055,0007727 Fairoaks Dr 1029 09/09/20947 -0005-004-34-1 Applera Corporation $7,341,754 $3,600,0006001 Sunol Blvd 1030 09/09/20947 -0005-004-39-1 Applera Corporation $2,730,439 $1,300,000Sunol Blvd 1031 09/09/20947 -0005-004-40-1 Applera Corporation $24,326,830 $12,200,0006055 Sunol Blvd 1032 09/09/20947 -0005-004-41-1 Applera Corporation $36,033,082 $17,700,0006085 Sunol Blvd 1607 09/15/20941 -2771-029-00-1 24 Hour Fitness Usa, Inc $22,706,743 $15,000,0004770 Willow Rd 379 09/14/20941 -1311-039-00-1 Bay Club Pleasanton Llc $15,313,139 $7,000,0007090 Johnson Dr 380 09/14/20941 -1311-036-03-1 Bay Club Pleasanton Llc $4,841,628 $1,000,0007100 Johnson Dr 485 09/14/2000-016680-00-015-1 Walgreen Co $224,621 $140,000 984 09/12/2030-358219-86-000-1 Workday Inc $336,946,310 $95,165,060 14 Appeals Pending $734,967,1512020 Totals $316,483,584 2021 Pending Appeals
Parcel/Bill Number File DateAppeal Number Applicant Value Under Appeal Opinion TotalSitus Address 100240 09/08/21941 -2771-028-00-1 Pleasanton Diagnostic Imaging, Inc. $182,420 $1,147,0325860 Owens Dr 100240 09/08/2100-359462-00-002-1 Pleasanton Diagnostic Imaging, Inc. $1,445,940 $1,147,032 100283 09/10/2101-394406-00-013-1 Tesla Energy Operations Inc $3,420,820 $342,000 100409 09/15/21094 -0014-059-00-1 Pleasanton Real Estate Llc $6,034,109 $1,000,000300 Neal St 1373 09/15/21946 -1100-015-04-1 Jpmorgan Chase Bank N A $4,650,000 $4,250,0003506 Old Santa Rita Rd 1379 09/15/21941 -1201-071-11-1 Workday Inc $340,437,045 $235,000,0006002 Stoneridge Mall Rd 1386 09/15/21946 -4550-018-02-1 Sh 10 Pleasanton Llc $8,435,133 $4,200,0004115 Mohr Ave 1416 09/15/21941 -1301-061-02-1 Hacienda Md Llc $41,499,305 $35,000,0005050 Hopyard Rd 1631 09/15/20941 -2764-012-01-1 Gs Springhouse Llc $138,183,291 $68,870,0005505 Springhouse Dr 1984 08/23/21941 -2759-041-00-1 Ollagnier Lp $4,000,000 $20,500,0004682 Chabot Dr 321 08/30/21941 -2771-029-00-1 24 Hour Fitness Usa, Inc. (Lessee) $22,941,878 $14,000,0004770 Willow Rd 450 09/09/21947 -0005-004-34-1 Applera Corp $7,417,800 $3,700,0006001 Sunol Blvd 451 09/09/21947 -0005-004-39-1 Applera Corp $2,758,721 $1,400,000Sunol Blvd 452 09/09/21947 -0005-004-40-1 Applera Corp $24,578,808 $12,200,0006055 Sunol Blvd 453 09/09/21947 -0005-004-41-1 Applera Corp $36,406,308 $18,200,0006085 Sunol Blvd 493 09/14/2100-290707-00-002-1 Kohl'S Department Store Inc $538,538 $270,000 634 09/10/21941 -1201-094-03-1 Stoneridge Properties $273,933,636 $201,797,1461008 Stoneridge Mall Rd 635 09/10/21941 -1201-094-03-1 Stoneridge Properties $273,933,636 $205,874,8531008 Stoneridge Mall Rd 636 09/10/21941 -1201-095-00-1 Stoneridge S & S Llc $45,900,000 $32,854,7371700 Stoneridge Mall Rd 637 09/10/21941 -1201-095-00-1 Stoneridge S & S Llc $46,818,000 $33,511,8321700 Stoneridge Mall Rd 639 09/10/21941 -1201-094-03-1 Stoneridge Properties $273,933,636 $160,000,0001008 Stoneridge Mall Rd This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Combined Tax Rolls and Appeals Data

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PENDING APPEALS

THE CITY OF PLEASANTON
Pending Appeals Listing - 2020 Through 12/19/2024 - In Appeal Number Order 21 Appeals Pending $1,557,449,0242021 Totals $1,055,264,632 2022 Pending Appeals
Parcel/Bill Number File DateAppeal Number Applicant Value Under Appeal Opinion TotalSitus Address 100020 07/15/22946 -3408-050-00-2 Abdolreza Feizi $1,632,000 $1,275,0006776 Via San Blas 100020 07/15/22946 -3408-050-00-1 Abdolreza Feizi $1,632,000 $1,275,0006776 Via San Blas 100076 07/29/22946 -3327-019-00 Kimberly Annicchero $832,371 $832,3714275 Dundalk Ct 100138 08/08/2200-401718-00-001-2 Noetic Information Systems, Llc $166,549 $2,500 100424 09/13/2200-334271-00-069-1 Tesla Inc $361,009 $180,000 100481 09/14/22946 -4542-053-00-1 Cp Iv Vintage Llc $7,247,993 $4,785,3383150 Bernal Ave 100487 09/14/22941 -2766-020-00 Ajit Ramalingam 7980 Foothill Knolls Dr 100488 09/14/22941 -2766-019-00 Ajit Ramalingam $2,652,000 $2,166,6007980 Foothill Knolls Dr 100495 09/14/2200-359462-00-002-1 Pleasanton Diagnostic Imaging Inc $1,827,080 $1,080,105 100526 09/14/2283850100 Michael Carey $1,225,000 $598,334 100572 09/15/22941 -1201-094-03-1 Stoneridge Properties Llc C/O Simon Property Group $279,410,518 $159,800,0001008 Stoneridge Mall Rd 100626 09/15/22941 -2759-044-00-1 Hhlp Pleasanton Associates Llc $48,462,988 $24,231,4944545 Chabot Dr 100628 09/17/22094 -0156-002-00-1 337 Pleasanton Investors Llc $1,092,031 $2,160,283278 W. Angela St 100679 09/15/22947 -0005-004-34-1 Applera Corporation $7,566,093 $3,783,0476001 Sunol Blvd 100699 09/15/22947 -0005-004-41-1 Applera Corporation $38,224,133 $19,112,0676085 Sunol Blvd 100700 09/15/22947 -0005-004-40-1 Applera Corporation $25,070,176 $12,535,0886055 Sunol Blvd 100701 09/15/22947 -0005-004-39-1 Applera Corporation $2,813,872 $1,406,936Sunol Blvd 100766 09/17/22946 -4557-029-02-1 Chipotle Mexican Grill $296,459 $226,8336654 Koll Center Pkwy 101005 05/26/23946 -1127-028-01 Tim Hoang $1,332,129 $1,252,1293390 Vermont Pl 1113 09/15/22941 -1301-080-00-1 Clorox Services Company (Lessee) $63,081,525 $30,922,3874900 Johnson Dr 1114 09/15/22941 -1301-079-00-1 Clorox Services Company (Lessee) $63,626,151 $31,189,3635020 Johnson Dr 1130 09/15/2201-255596-00-007-8 Directv Llc $120,163
1142 09/15/22946 -4550-018-02-1 Sh 10 Pleasanton Llc $8,603,826 $4,200,0004115 Mohr Ave 1150 09/15/2200-114955-00-001-1 Applied Biosystems Llc $68,905,600 $34,450,000 56789 12/12/22946 -3327-019-00-1 Test $945,8124275 Dundalk Ct 618 09/13/2200-290707-00-002-1 Kohl'S Department Store Inc $711,008 $355,000 683 09/13/22941 -1201-090-00-1 6200 Stoneridge Mall Road Investors Llc $1,929,941 $964,9716180 Stoneridge Mall Rd 684 09/13/22941 -1201-096-00-1 6200 Stoneridge Mall Road Investors Llc $55,786,471 $27,893,2356200 Stoneridge Mall Rd 685 09/13/22941 -1201-097-00-1 6200 Stoneridge Mall Road Investors Llc $55,696,050 $27,848,0256210 Stoneridge Mall Rd 686 09/13/22941 -1201-098-00-1 6200 Stoneridge Mall Road Investors Llc $55,696,0506220 Stoneridge Mall Rd 687 09/13/22941 -1201-099-00-1 6200 Stoneridge Mall Road Investors Llc $55,696,050 $27,848,0256230 Stoneridge Mall Rd 691 09/13/22941 -2759-027-00-1 Cmp I Pleasanton Owner Lp $39,370,680 $31,123,5605021 Hopyard Rd 1C 694 09/13/22941 -2771-010-00-1 W2005 New Century Hotel Portfolio Lp $4,746,584 $3,802,8445115 Hopyard Rd 695 09/13/22941 -2771-009-00-1 Hci-Cre Silverplate Jv Lp $32,243,969 $11,934,5535115 Hopyard Rd 709 09/13/2201-394406-00-013-1 Tesla Energy Operations Inc $2,845,730 $1,422,000 752 09/13/2200-005550-00-001-1 Longs Drug Stores California Llc $543,597 $270,000 883 09/14/2200-000488-00-010-1 Safeway Inc $2,946,600 $1,473,298 899 09/14/2200-000488-00-072-1 Safeway Inc $2,918,650 $1,459,325 915 09/16/22941 -1201-100-00-1 Safeway Stores Inc #9946 $6,215,488 $3,107,7435918 Stoneridge Mall Rd This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Combined Tax Rolls and Appeals Data

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PENDING APPEALS

THE CITY OF PLEASANTON
Pending Appeals Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2022 Pending Appeals (Continued)
Parcel/Bill Number File DateAppeal Number Applicant Value Under Appeal Opinion TotalSitus Address 928 09/14/2202-372846-00-005-1 Bloom Energy Corporation $1,274,040 $637,021 40 Appeals Pending $945,748,3862022 Totals $477,604,475 2023 Pending Appeals
Parcel/Bill Number File DateAppeal Number Applicant Value Under Appeal Opinion TotalSitus Address 100189 07/13/23946 -4571-054-00-2 Kumar Deepak Syam Kallakuri $2,668,000 $2,225,6912784 Calle De La Loma 100218 07/14/23946 -4567-073-00-1 Sumit Agarwal $3,187,500 $3,040,3121022 Gray Fox Cir 100221 07/15/23941 -1052-102-00-1 Veerendra Gupta $1,160,250 $900,0007380 Stonedale Dr 100246 07/16/23941 -2805-039-00-1 Sameer Bhandula $1,446,155 $1,417,8005133 Angelico Ct 100295 07/19/23946 -1113-048-00-2 Lisa Fontillas 3770 W. Las Positas Blvd 100344 07/24/23946 -4564-169-00-1 Kirti Kansal $2,279,700 $2,037,8751916 Palmer Dr 100345 07/24/23946 -4564-099-00-1 Kirti Kansal $920,000 $662,1123613 Kamp Dr 100351 07/24/23941 -1201-054-00-1 Eci Four 7901 Stoneridge Llc $40,961,160 $20,500,0007901 Stoneridge Dr 100415 07/29/23941 -1803-083-00-1 Ye Zhang $2,448,000 $2,161,9248243 Moller Ranch Dr 100467 08/02/23941 -1712-010-00-2 David Selinger $1,915,315 $1,781,0259616 Crosby Dr 100530 08/09/23950 -0016-026-00-1 Vasantha Vemula $4,040,000 $3,638,0003218 Novara Way 100630 08/17/23094 -0014-046-00-1 Heidi Kalnicky $1,311,720 $900,000340 E. Angela St 100655 08/21/23941 -1049-044-00-1 Shuang Liang $1,987,000 $1,674,5007755 Fairbrook Ct 100736 08/28/23941 -1201-057-02-1 Wh Pleasanton Hotel Lp $34,600,000 $17,300,0005990 Stoneridge Mall Rd 100757 08/29/23946 -4565-040-00-1 Stanislav Neyman $1,270,000 $1,270,0001469 Trimingham Dr 100766 08/30/23950 -0021-008-00-1 Nishi Kant $3,752,664 $3,200,0001329 Via Di Salerno 100787 08/31/23941 -1201-029-00-1 Penney Project Llc $40,000,000 $16,000,0001500 Stoneridge Mall Rd 100841 09/04/23946 -1126-068-00-1 Praveenkumar Ramakrishnan $1,300,000 $1,262,0003624 Annis Cir 100855 09/05/23949 -0017-024-00-1 Kevin Lam $2,764,195 $2,520,0002275 Westbridge Ln 100918 09/07/2305-016615-00-031-1 Comcast Corp $35,577,792 $17,788,896 100941 09/07/2305-016615-00-012-1 Comcast Corp $1,983,770 $991,885 101048 09/09/2300-334271-00-069-1 Tesla Inc $364,716 $182,000 101066 09/09/23946 -3329-040-00-1 Parag Manjrekar $1,971,000 $1,700,0002250 Fairfield Rd 101182 09/12/23946 -4563-178-00-1 Srikanth Dasaka $2,100,000 $1,830,0006713 Corte Del Vis 101185 09/12/23948 -0020-018-01-1 Vinay And Praveen L Trs Karamsetty $3,533,000 $2,750,0005633 Selena Ct 101229 09/13/23941 -2764-012-01-1 Gs Springhouse Llc $175,134,000 $87,567,0005505 Springhouse Dr 101250 09/13/23946 -1101-034-00-1 Imt Capital Iv Pleasanton Llc $88,295,382 $44,147,6913992 Stoneridge Dr 101256 09/13/23948 -0024-020-00-1 Shuming Yao $3,300,000 $2,651,8005731 Dakin Ct 101348 09/14/23947 -0013-009-00-1 Inc Pleasanton Retail Owner $11,143,020 $5,571,5106770 Bernal Ave 101350 09/14/23947 -0013-008-00-1 Pleasanton Retail Owner Inc $7,953,589 $3,976,7956766 Bernal Ave 101351 09/14/23947 -0013-007-00-1 Pleasanton Retail Owner Inc $5,184,036 $2,592,0186762 Bernal Ave 101352 09/14/23947 -0013-006-00-1 Pleasanton Retail Owner Inc $9,008,828 $4,504,4146754 Bernal Ave 101353 09/14/23947 -0013-005-00-1 Pleasanton Retail Owner Inc $7,929,919 $3,964,9596750 Bernal Ave 101354 09/14/23947 -0005-004-41-1 Applera Corporation $38,988,544 $19,494,2726085 Sunol Blvd 101355 09/14/23947 -0005-004-40-1 Applera Corporation $25,571,527 $12,785,7646055 Sunol Blvd This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Combined Tax Rolls and Appeals Data

Page 4 ends

PENDING APPEALS

THE CITY OF PLEASANTON
Pending Appeals Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2023 Pending Appeals (Continued)
Parcel/Bill Number File DateAppeal Number Applicant Value Under Appeal Opinion TotalSitus Address 101356 09/14/23947 -0013-004-00-1 Pleasanton Retail Owner Inc $25,240,027 $12,620,0146790 Bernal Ave 101357 09/14/23947 -0005-004-39-1 Applera Corporation $2,870,143 $1,435,072Sunol Blvd 101358 09/14/23947 -0005-004-34-1 Applera Corporation $7,717,399 $3,858,7006001 Sunol Blvd 101359 09/14/23947 -0013-003-01-1 Pleasanton Retail Owner Inc $4,651,430 $2,325,7156778 Bernal Ave 101360 09/14/23947 -0013-002-03-1 Pleasanton Retail Owner Inc $3,349,934 $1,674,9686782 Bernal Ave 101361 09/14/23947 -0013-010-00-1 Pleasanton Retail Owner Inc $8,308,661 $4,154,3306774 Bernal Ave 101371 09/14/23941 -2779-008-00-1 Centro Np Metro 580 Sc Lp $3,850,540 $1,925,2704503 Rosewood Dr 101373 09/14/23941 -2779-009-00-1 Centro Np Metro 580 Sc Lp $42,333,136 $21,166,5684515 Rosewood Dr 101532 09/14/23941 -1201-094-03-1 Simon Property Group $285,685,553 $160,487,5541008 Stoneridge Mall Rd 101629 09/14/23946 -1250-019-06-1 Amazon $76,500,000 $50,000,000Mohr Ave 101654 09/14/23941 -2778-003-05-1 Peoplesoft Properties Inc $149,021,820 $131,322,7045805 Owens Dr 101678 09/14/23949 -0003-036-00-1 Ida Jennings $521,445 $399,6356512 Stanton Ct 101702 09/14/23946 -4623-002-00-1 Snowflake Usa Inc $46,073,026 $15,0002733 Stoneridge Dr 101702 09/14/2300-397423-00-001-1 Snowflake Usa Inc $137,375 $15,000 101711 09/14/23941 -2763-029-00-1 Ev 4225 Llc $101,178,900 $60,000,0004225 Hacienda Dr 101712 09/14/23941 -2771-017-00-1 State Compensation Insurance Fund $85,123,259 $50,000,0005880 Owens Dr 101713 09/14/23941 -2780-034-00-1 Gap Inc $46,463,950 $32,000,0004440 Rosewood Dr 101725 09/14/23941 -2823-007-00-1 Andrea Orourke $610,980 $425,2905890 Stoneridge Dr 101763 09/15/23950 -0027-022-00-1 Fabexchange Inc $4,228,420 $2,618,0001489 Via Di Salerno 101805 09/15/23941 -2759-044-00-1 Hhlp Pleasanton Associates, Llc $49,432,076 $24,716,0384545 Chabot Dr 101840 09/15/23947 -0013-001-02-1 Pleasanton Retail Owner Inc $5,829,316 $2,914,6586786 Bernal Ave 101861 09/15/23941 -1700-006-03-1 Safeway Inc $39,044,070 $19,522,03511555 Dublin Canyon Rd 101862 09/15/23941 -1201-103-02-1 Safeway Inc $7,730,380 $3,865,190Stoneridge Mall Rd 101863 09/15/23941 -1201-100-00-1 Safeway Inc $24,489,180 $12,244,5905918 Stoneridge Mall Rd 101864 09/15/23941 -2819-005-02-1 Vons Reit Inc $1,210,441 $605,22011393 Dublin Canyon Rd 101865 09/15/23941 -2819-005-01-1 Safeway Inc $2,535,554 $1,267,77711393 Dublin Canyon Rd 101874 09/15/23941 -2779-010-00-1 Oak Owens 20172020 Llc $263,133,918 $130,185,3025650 Owens Dr 101877 09/15/23946 -1144-002-00-1 Store Master Funding X Llc $9,381,691 $4,690,8463800 Stoneridge Dr 101902 09/15/23946 -1101-039-00-1 Pleasanton Partners Llc $6,100,000 $5,045,0006700 Santa Rita Rd 102020 09/15/23946 -4557-038-00-1 Llc Bernal Corporate Park Ii E $34,591,564 $17,295,7826800 Koll Center Pkwy 102025 09/15/23946 -4557-040-00-1 Llc Sycamore Plaza I A $40,080,651 $20,040,3266801 Koll Center Pkwy 1 102026 09/15/23946 -4557-039-00-1 Bernal Corporate Park I E Llc $31,657,875 $15,828,9386700 Koll Center Pkwy 102027 09/15/23946 -4557-041-00-1 Sycamore Plaza Ii E Llc $36,611,539 $18,305,7706701 Koll Center Pkwy 2 102039 09/15/2300-324898-00-004-1 Workday Inc $94,382,670 $70,000,000 102109 09/15/23946 -3376-044-00-1 Ramesh Raman $1,800,000 $1,600,0001866 Halcyon Ct 102115 09/15/23946 -3378-018-00-1 Kashyap Ivaturi $1,495,000 $1,200,0001554 Ramblewood Way 1069 09/15/23094 -0156-007-03-1 Kdci Development Llc $8,323,200 $4,161,600349 Main St 1117 09/14/2300-290707-00-002-1 Kohl'S Department Store Inc $743,626 $310,001 1154 09/12/2302-410476-00-008-1 Lytx, Inc. $1,851 $0
1174 09/13/23941 -1309-035-03-1 Anabi Oil Corp $4,679,619 $3,679,0393760 Hopyard Rd 1200 09/13/2301-394406-00-013-1 Tesla Energy Operations Inc $3,019,467 $1,500,000 1214 09/14/2300-010425-00-002-1 C/O Dma Inc. $5,055,479 $2,527,740 This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Combined Tax Rolls and Appeals Data

Page 5 ends

PENDING APPEALS

THE CITY OF PLEASANTON
Pending Appeals Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2023 Pending Appeals (Continued)
Parcel/Bill Number File DateAppeal Number Applicant Value Under Appeal Opinion TotalSitus Address 1311 09/15/23941 -1201-090-00-1 6200 Stoneridge Mall Road Investors Llc $1,968,533 $984,2676180 Stoneridge Mall Rd 1380 09/13/23941 -2780-031-00-1 Rosewood Commons Property Owner Llc $7,537,495 $3,768,7484426 Rosewood Dr 1381 09/13/23941 -2780-033-00-1 Rosewood Commons Property Owner Llc $33,773,985 $16,886,9934450 Rosewood Dr 1382 09/13/23941 -2780-035-00-1 Rosewood Commons Property Owner Llc $27,083,519 $13,541,7594460 Rosewood Dr 1383 09/13/23941 -2780-036-00-1 Rosewood Commons Property Owner Llc $90,868,102 $45,434,0504430 Rosewood Dr 1384 09/13/23941 -2780-037-00-1 Rosewood Commons Property Owner Llc $34,974,837 $17,487,4184410 Rosewood Dr 1385 09/13/23941 -2780-038-00-1 Rosewood Commons Property Owner Llc $41,097,041 $20,548,5204420 Rosewood Dr 1386 09/13/23941 -2780-039-00-1 Rosewood Commons Property Owner Llc $11,032,835 $5,516,4184406 Rosewood Dr 1387 09/13/23941 -2780-040-00-1 Rosewood Commons Property Owner Llc $6,862,016 $3,431,0084416 Rosewood Dr 1388 09/13/23941 -2780-041-00-1 Rosewood Commons Property Owner Llc $900,639 $450,320Rosewood Dr 1389 09/13/23941 -2780-042-00-1 Rosewood Commons Property Owner Llc $2,342,735 $1,171,368Rosewood Dr 1390 09/13/23941 -2780-043-00-1 Rosewood Commons Property Owner Llc $14,238,262 $7,119,1314452 Rosewood Dr 1396 09/13/2302-372846-00-005-1 Bloom Energy Corporation $905,643 $452,822 1414 09/13/23941 -1201-100-00-1 Safeway Stores Inc $12,920,702 $6,460,3515918 Stoneridge Mall Rd 1422 09/13/2300-000488-00-072-1 Safeway Stores Inc $3,715,031 $1,857,516 1430 09/13/2300-000488-00-010-1 Safeway Stores Inc $3,720,031 $1,860,016 1549 08/09/23941 -1710-003-15-1 Pleasant Canyon Hotelcorp $22,396,760 $16,956,00011920 Dublin Canyon Rd 1587 09/18/23950 -0003-059-00-1 Garrett J & Kathrine D Waters $3,289,500 $2,138,0004204 Casterson Ct 1621 09/15/23941 -1301-080-00-1 Clorox Services Company (Lessee) $64,343,155 $61,235,6554900 Johnson Dr 1678 09/15/2300-114955-00-001-1 Applera Corporation $71,558,481 $35,000,000 1691 09/15/23941 -1301-079-00-1 Clorox Services Company (Lessee) $64,898,674 $61,764,3455020 Johnson Dr 1718 09/15/2400-349016-00-002-1 Garfield Beach Cvs Llc $202,286 $95,001 1722 09/14/2300-349016-00-017-1 Garfield Beach Cvs Llc $307,293 $130,001 1733 09/14/2300-005550-00-001-1 Longs Drug Stores California Llc $552,182 $235,001 1766 09/15/2300-111361-00-010-1 Traders Joes Company $1,082,975 $541,487 1786 09/15/2300-257681-00-000-1 California Pizza Kitchen Inc $371,191 $185,595 1891 09/15/23946 -3325-036-00-1 Weiwei Wang & Yun Ching Chang $1,853,000 $1,722,5934630 Laramie Gate Ct 192 08/09/23950 -0012-014-00-1 Pamela Tr Power Of Appointment Trust Hsiao $3,009,530 $1,956,0001556 Rubino Ct 203 08/21/23941 -2761-003-00-1 Boehringer Mannheim Corporation $166,331,027 $153,500,0004300 Hacienda Dr 209 08/24/2300-256344-00-016-1 Spectrasite Communications Inc Ca $1,022,535 $376,482 218 09/07/23949 -0018-003-00-1 Vikas P Deshpande $3,050,000 $2,500,000500 Happy Valley Rd 289 08/22/23946 -2554-056-00-1 H R & Monica H Trs Gavankar $1,567,000 $1,325,000810 Chateli Ct 291 08/25/23946 -4597-005-00-1 Luke S & Hsia Yuanyi Youngblood $3,085,500 $2,006,0001428 Briones Ln 338 08/18/23946 -3314-058-00-1 Kruthi G Suresh & Sri R Bathina $2,093,000 $2,132,3082416 Sanderling Dr 401 08/18/23946 -1699-087-00-1 Sri H & Gudi Sindhuja Gollakota $1,285,200 $948,65831 Rogers Ln 411 08/18/23946 -2542-077-00-1 Kyunghwan & Kim Eunkyung Han $2,350,000 $1,706,676820 Genevieve Pl 485 08/18/23946 -3319-095-00-1 Saurabh & Nayar Malika Mehta $2,254,200 $1,842,4722361 Greenwood Rd 564 08/18/23948 -0008-016-00-1 Venkatraman C & Venkitachalam Revathy Subramanian $1,450,000 $1,416,4795357 Sonoma Dr 610 09/14/23946 -4608-001-00-1 Shaju & Sonia Mathew $2,560,000 $1,900,0002509 Leona Pl 640 09/09/23941 -1301-061-02-1 Hacienda Md Llc $43,175,447 $21,266,3095050 Hopyard Rd 644 09/07/23949 -0005-018-00-1 Butler Family Survivors Tr Dtd 3-16-93 $4,386,000 $2,322,345609 Blossom Ct 680 09/05/23941 -2759-027-00-1 Cmp I Pleasanton Owner Lp $40,158,000 $31,986,0005021 Hopyard Rd 1C This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Combined Tax Rolls and Appeals Data

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PENDING APPEALS

Page 7 ends

Owners' Opinion Value of Pending Appeals for the Top 25 Property Owners - Through 12/19/2024

THE CITY OF PLEASANTON
2024/25 TOP OWNER PENDING APPEALS
2) KAISER
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
121,460,528 59,992,787941 -2778-009-00
59,992,7871 Appeals On 1 Parcel(s) 121,460,528
4) STONERIDGE PROPERTIES
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
291,452,520 160,487,554 159,800,000 205,874,853 160,000,000941 -1201-094-03 160,000,000 205,874,853 159,800,000 160,487,5544 Appeals On 1 Parcel(s) 291,452,520 5) ROSEWOOD COMMONS PROPERTY OWNER LLC
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
7,688,218 3,768,748941 -2780-031-00
34,449,345 16,886,993941 -2780-033-00
27,625,093 13,541,759941 -2780-035-00
93,062,999 45,434,050941 -2780-036-00
35,674,210 17,487,418941 -2780-037-00
41,918,837 20,548,520941 -2780-038-00
11,253,452 5,516,418941 -2780-039-00
6,999,232 3,431,008941 -2780-040-00
918,649 450,320941 -2780-041-00
2,389,581 1,171,368941 -2780-042-00
14,522,917 7,119,131941 -2780-043-00
135,355,73311 Appeals On 11 Parcel(s) 276,502,533
6) OAK OWENS 20172020 LLC
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
268,485,759 130,185,302941 -2779-010-00
130,185,3021 Appeals On 1 Parcel(s) 268,485,759
9) GSIC II STONERIDGE OWNER LP
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
179,058,537 87,567,000 68,870,000941 -2764-012-01
68,870,000 87,567,0002 Appeals On 1 Parcel(s) 179,058,537 11) CP IV VINTAGE LLC
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
7,540,780 4,785,338946 -4542-053-00
4,785,3381 Appeals On 1 Parcel(s) 7,540,780
u = Unsecured, x = Cross-Reference
Top Owners last edited on 08/30/2024 by imorales using sales through 05/31/2024 This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor 2024/25 Combined Tax Rolls, the SBE Non Unitary Tax Roll, & Most Recent Appeals Roll Page 8
Owners' Opinion Value of Pending Appeals for the Top 25 Property Owners - Through 12/19/2024

THE CITY OF PLEASANTON
2024/25 TOP OWNER PENDING APPEALS
12) BOEHRINGER MANNHEIM CORPORATION
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
169,657,041 153,500,000941 -2761-003-00
153,500,0001 Appeals On 1 Parcel(s) 169,657,041
13) ORACLE AMERICA INC/PEOPLESOFT
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
152,001,928 131,322,704941 -2778-003-05
131,322,7041 Appeals On 1 Parcel(s) 152,001,928
14) SFF CLOROX CENTER LLC
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
66,196,294 61,764,345 31,189,363941 -1301-079-00
65,629,668 61,235,655 30,922,387941 -1301-080-00
62,111,750 123,000,0004 Appeals On 2 Parcel(s) 131,825,962 15) PCC STONERIDGE I LLC
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
2,007,900 984,267 964,971941 -1201-090-00
57,945,600 27,848,025941 -1201-097-00
57,945,600 27,848,025941 -1201-099-00
56,661,021 984,2674 Appeals On 3 Parcel(s) 117,899,100 16) 6200 STONERIDGE MALL ROAD INVESTORS LLC
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
58,039,673 27,893,235941 -1201-096-00
57,945,600 2,288,824941 -1201-098-00
2,288,824 27,893,2352 Appeals On 2 Parcel(s) 115,985,273 18) SAFEWAY INC
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
28,172,561 12,244,590 3,107,743941 -1201-100-00
7,884,928 3,865,190941 -1201-103-02
43,468,833 19,522,035941 -1700-006-03
2,586,258 1,267,777941 -2819-005-01
3,107,743 36,899,5925 Appeals On 4 Parcel(s) 82,112,580 20) EV 4225 LLC
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
103,201,700 60,000,000941 -2763-029-00
u = Unsecured, x = Cross-Reference
Top Owners last edited on 08/30/2024 by imorales using sales through 05/31/2024 This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor 2024/25 Combined Tax Rolls, the SBE Non Unitary Tax Roll, & Most Recent Appeals Roll Page 9
Owners' Opinion Value of Pending Appeals for the Top 25 Property Owners - Through 12/19/2024

THE CITY OF PLEASANTON
2024/25 TOP OWNER PENDING APPEALS
60,000,0001 Appeals On 1 Parcel(s) 103,201,700
22) PLEASANTON RETAIL OWNER INC
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
5,945,895 2,914,658947 -0013-001-02
3,416,924 1,674,968947 -0013-002-03
4,744,453 2,325,715947 -0013-003-01
25,744,762 12,620,014947 -0013-004-00
8,088,508 3,964,959947 -0013-005-00
9,188,993 4,504,414947 -0013-006-00
5,287,710 2,592,018947 -0013-007-00
8,112,652 3,976,795947 -0013-008-00
11,365,866 5,571,510947 -0013-009-00
8,474,824 4,154,330947 -0013-010-00
44,299,38110 Appeals On 10 Parcel(s) 90,370,587
23) IMT CAPITAL IV PLEASANTON LLC
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
90,324,354 44,147,691946 -1101-034-00
44,147,6911 Appeals On 1 Parcel(s) 90,324,354
24) STATE COMPENSATION INSURANCE FUND
2024/25 AVParcel/Bill Number 2023/24 2024/252022/232021/222020/21 Owners Opinion Value
86,896,583 50,000,000941 -2771-017-00
50,000,0001 Appeals On 1 Parcel(s) 86,896,583
u = Unsecured, x = Cross-Reference
Top Owners last edited on 08/30/2024 by imorales using sales through 05/31/2024 This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor 2024/25 Combined Tax Rolls, the SBE Non Unitary Tax Roll, & Most Recent Appeals Roll Page 10

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2020 Parcel Appeals
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
100009 07/05/20 05/16/22094 -0215-018-00-1 $984,000Cuong C. Nguyen $1,091,400 $-107,400 Stipulated 100037 07/16/20 02/25/22950 -0019-018-00-1 Naren Chawla $2,791,266 $0 DENIED FOR NONAPPEARANCE 100051 07/17/20 12/15/21946 -4537-042-00-1 $837,000Tzongli Shaw $868,733 $-31,733 STIPULATED/ADMIN 100060 07/19/20 12/15/21946 -4556-047-00-1 $1,365,000Srinivasa Chebrolu $1,393,320 $-28,320 STIPULATED/ADMIN 100081 07/22/20 02/09/22094 -0065-007-00-1 $1,315,000Prashant Kabade $1,368,126 $-53,126 STIPULATED/ADMIN 100085 07/22/20 05/18/22946 -4572-079-00-1 $500,000Manoharbabu Katuri $572,220 $-72,220 Stipulated 100095 07/24/20 12/21/2000-194432-00-006-1 $45,313Copy Station, Inc. $602,768 $-557,455 Stipulated 100096 07/24/20 03/30/2200-175336-00-000-1 WithdrawnShooter & Butts, Inc. $1,604,141 Withdrawn Withdrawn 100103 07/25/20 02/25/22941 -1313-048-00-1 Srinivasan Rangaswamy $1,604,422 $0 DENIED FOR NONAPPEARANCE 100104 07/26/20 03/03/2200-385118-00-001-1 Sharda Patel, Dmd Inc $175,686 $0 DENIED FOR NONAPPEARANCE 100118 07/27/20 12/13/2100-393645-00-001-2 $10,641Focus Shoes $119,794 $-109,153 Stipulated 100118 07/27/20 10/20/2100-393645-00-001-1 PendingFocus Shoes $119,794 Pending VOID 100126 07/28/20 03/14/2200-388191-00-002-1 $0American Advancement Capital Co $24,083 $0 Stipulated 100161 08/02/20 05/20/22946 -3320-012-00-1 Yulin Wang $1,591,812 $0 DENIED FOR NONAPPEARANCE 100169 08/03/20 04/20/22946 -3406-082-00-1 Kenson Yee $1,404,540 $0 DENIED FOR NONAPPEARANCE 100244 08/07/20 03/14/2200-371500-00-001-1 $363,789Slashnext, Inc. $657,430 $-293,641 Stipulated 100262 08/10/20 11/15/2100-390789-00-001-1 Mane Society $102,450 $0 DENIED FOR NONAPPEARANCE 100300 08/18/20 06/29/22949 -0019-020-00-1 Withdrawn1157 Sleepy Head Lane, Llc $1,500,000 Withdrawn Withdrawn 100300 08/18/20 06/29/22949 -0019-020-00-2 $1,189,0001157 Sleepy Head Lane, Llc $1,500,000 $-311,000 HEARD 100331 08/22/20 12/15/21946 -4596-006-00-1 $1,625,000Sandeep Gupta $1,672,800 $-47,800 STIPULATED/ADMIN 100352 08/25/20 06/29/22946 -1682-002-00-1 Francisco Londono $755,353 $0 DENIED FOR NONAPPEARANCE 100386 08/25/20 10/10/2209-364520-00-007-2 $113,020Apro, Llc Dba. United Pacific $286,448 $-173,428 Stipulated 100404 09/14/20 11/22/21950 -0003-074-00-1 WithdrawnAnoop Kundra $2,460,545 Withdrawn WITHDRAWAL/ADMIN 100405 09/14/20 12/15/21946 -4629-032-00-1 $1,300,000Srikanth Kollu $1,315,494 $-15,494 STIPULATED/ADMIN 100407 09/14/20 12/15/21946 -3409-013-00-1 $1,280,000Benjamin Baker $1,326,000 $-46,000 STIPULATED/ADMIN 100443 08/29/20 12/15/21094 -0085-115-00-1 $675,000Byoungkyun Kang $733,481 $-58,481 STIPULATED/ADMIN 100462 09/01/20 07/28/21947 -0013-005-00-1 $7,100,000Cvs Health - Lessee $7,543,932 $-443,932 STIPULATED/ADMIN 100474 09/01/20 01/24/22948 -0017-021-00-1 Withdrawn446 Sycamore Road Llc $2,197,840 Withdrawn Withdrawn 100482 09/02/20 02/09/22950 -0014-049-00-1 $2,150,000Deepak Gupta $2,349,021 $-199,021 STIPULATED/ADMIN 100499 09/04/20 11/03/21950 -0027-027-00-1 $2,825,000Harshraj Ghai $2,900,000 $-75,000 STIPULATED/ADMIN 100499 09/04/20 04/28/22950 -0027-027-00-2 Harshraj Ghai $2,900,000 $0 DENIED FOR NONAPPEARANCE 100513 09/07/20 09/22/21941 -1046-061-00-1 $1,325,000Praveen Kodali $1,404,540 $-79,540 STIPULATED/ADMIN 100601 09/11/20 04/28/22950 -0009-043-00-1 Chirag Patel $2,078,760 $0 DENIED FOR NONAPPEARANCE 100602 09/11/20 10/07/22941 -1201-030-06-1 Pleasanton Properties C/O Macy'S, Inc. $30,346,879 $0 DENIED FOR NONAPPEARANCE 100613 09/12/20 12/15/2100-393715-00-001-1 $2,200Eva Stump, Md $166,549 $-164,349 STIPULATED/ADMIN 100654 09/14/20 10/12/20941 -1201-098-00-1 PendingBlackhawk Network Inc $11,992,201 Pending PENDING ASSESSOR EVALUATION 100655 09/14/20 05/20/24949 -0017-027-00-1 $1,633,000Alethea Duong $1,923,110 $-290,110 HEARD 100656 09/14/20 12/30/21946 -4542-053-00-1 WithdrawnVersatax Consulting, Inc. $7,033,080 Withdrawn Withdrawn 100657 09/14/20 07/06/22941 -2794-010-00-1 WithdrawnFoster Associates Llc $861,900 Withdrawn Withdrawn 100673 09/14/20 11/20/24941 -1201-094-03-1 PendingStoneridge Properties Llc C/O Simon Property Group$271,125,755 Pending Reset 100674 09/14/20 07/08/24941 -1201-095-00-1 WithdrawnStoneridge S&S Llc C/Osimon Property Group$46,818,000 Withdrawn WITHDRAWAL/ADMIN 100675 09/14/20 01/20/2100-386550-00-001-1 PendingMount Diablo Brewing Company, Llc $80,881 Pending Assessor Recommendation This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 11 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2020 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
100699 09/14/20 10/13/21950 -0017-090-00-1 WithdrawnKent Kirimli $4,000,000 Withdrawn WITHDRAWAL/ADMIN 100700 09/14/20 08/03/22950 -0021-008-00-1 WithdrawnNishi Kant $3,150,000 Withdrawn Withdrawn 100711 09/14/20 02/23/22948 -0024-011-00-1 $2,500,000Matthew Madrigal $2,719,826 $-219,826 Stipulated 100716 09/14/20 08/29/22941 -1051-011-00-1 PendingJia Gan $1,183,974 Pending VOID 100717 09/14/20 05/03/24949 -0017-024-00-1 $2,250,000Kevin N Lam $2,350,000 $-100,000 HEARD 1026 09/09/20 12/14/21946 -4593-015-00-1 WithdrawnRamesh & Promila Trs Sood $2,136,485 Withdrawn WITHDRAWAL/ADMIN 1029 09/09/20 12/23/21947 -0005-004-34-1 PendingApplera Corporation $7,341,754 Pending PENDING WITH 1604(C) 1030 09/09/20 12/23/21947 -0005-004-39-1 PendingApplera Corporation $2,730,439 Pending PENDING WITH 1604(C) 1031 09/09/20 12/23/21947 -0005-004-40-1 PendingApplera Corporation $24,326,830 Pending PENDING WITH 1604(C) 1032 09/09/20 12/23/21947 -0005-004-41-1 PendingApplera Corporation $36,033,082 Pending PENDING WITH 1604(C) 1033 09/09/20 09/26/2200-114955-00-001-1 $35,745,048Applied Biosystems Llc $35,359,401 $385,647 STIPULATED/ADMIN 1039 09/09/20 12/15/21941 -2779-007-00-1 WithdrawnWal Mart Real Estate Business Trust $22,196,823 Withdrawn Withdrawn 1057 09/14/20 03/09/22941 -2759-006-00-1 WithdrawnJonathan Del Arroz $18,382,349 Withdrawn Withdrawn 1058 09/15/20 03/09/22941 -1301-061-02-1 $39,000,000Jonathan Del Arroz $41,073,857 $-2,073,857 Stipulated 106 07/28/20 12/15/21950 -0028-022-00-1 WithdrawnRamesh & Gita R Patel $1,125,000 Withdrawn WITHDRAWAL/ADMIN 1085 09/15/20 01/27/2108-009732-00-159-1 WithdrawnBank Of America Na $1,347,017 Withdrawn WITHDRAWAL/ADMIN 109 07/28/20 02/03/21946 -3544-032-00-1 WithdrawnJerome P & Nga T Lynch, Ii Trs $1,735,570 Withdrawn Withdrawn 1092 09/15/20 12/15/21941 -2778-013-02-1 WithdrawnEssex Pleasanton Owner L P $103,560,970 Withdrawn Withdrawn 1093 09/15/20 12/15/21941 -2778-011-04-1 WithdrawnEssex Pleasanton Owner L P $101,024,964 Withdrawn Withdrawn 1121 09/15/20 03/16/22946 -4623-002-00-1 WithdrawnStoneridge Drive Retail Investors Llc $43,385,807 Withdrawn Withdrawn 1122 09/14/20 11/20/24941 -1201-090-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $1,872,720 Withdrawn Withdrawn 1123 09/14/20 12/15/21941 -1201-096-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $54,132,290 Withdrawn Withdrawn 1124 09/14/20 12/15/21941 -1201-097-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $54,044,550 Withdrawn Withdrawn 1125 09/14/20 12/15/21941 -1201-098-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $54,044,550 Withdrawn Withdrawn 1126 09/14/20 12/15/21941 -1201-099-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $54,044,550 Withdrawn Withdrawn 114 07/28/20 02/03/21950 -0012-016-00-1 WithdrawnJavaid Nasir & Delauna E Joseph ,Trs $3,500,000 Withdrawn Withdrawn 1165 09/15/20 04/13/22946 -4601-001-01-1 WithdrawnHua Qiao & Qingyun Song $1,750,000 Withdrawn WITHDRAWAL/ADMIN 1180 09/15/20 07/12/2100-363030-00-004-2 $2,759,684Vulcan Materials Company $6,457,384 $-3,697,700 Stipulated 1180 09/15/20 12/14/21904 -0001-006-05-1 WithdrawnVulcan Materials Company $42,264 Withdrawn WITHDRAWAL/ADMIN 1191 09/15/20 12/14/21946 -1350-004-00-1 WithdrawnVulcan Materials Company $109,031 Withdrawn WITHDRAWAL/ADMIN 1244 09/14/20 10/07/2400-349016-00-002-1 WithdrawnGarfield Beach Cvs Llc $301,899 Withdrawn Withdrawn 1247 09/14/20 10/07/2400-349016-00-017-1 WithdrawnGarfield Beach Cvs Llc $458,229 Withdrawn Withdrawn 1248 09/14/20 10/07/2400-005550-00-001-1 WithdrawnLongs Drug Stores California Llc $379,965 Withdrawn Withdrawn 133 07/31/20 11/12/2100-388180-00-001-1 Formverse Inc $25,699 $0 DENIED FOR NONAPPEARANCE 1360 09/15/20 03/07/22950 -0010-001-00-1 WithdrawnCf Arcis Ix Llc $1,653,283 Withdrawn Withdrawn 1361 09/15/20 03/07/22950 -0010-002-06-1 WithdrawnCf Arcis Ix Llc $4,421,570 Withdrawn Withdrawn 1362 09/15/20 03/07/22950 -0010-003-03-1 WithdrawnCf Arcis Ix Llc $224,173 Withdrawn Withdrawn 1363 09/15/20 03/07/22950 -0010-004-16-1 WithdrawnCf Arcis Ix Llc $1,120,869 Withdrawn Withdrawn 1364 09/15/20 03/07/22950 -0010-005-04-1 WithdrawnCf Arcis Ix Llc $33,625 Withdrawn Withdrawn 1365 09/15/20 03/07/22950 -0010-009-00-1 WithdrawnCf Arcis Ix Llc $425,930 Withdrawn Withdrawn 1366 09/15/20 03/07/22950 -0020-001-00-1 WithdrawnCf Arcis Ix Llc $3,418,653 Withdrawn Withdrawn 1367 09/15/20 03/07/22950 -0020-002-00-1 WithdrawnCf Arcis Ix Llc $644,499 Withdrawn Withdrawn 1374 09/15/20 08/29/22941 -2779-008-00-1 WithdrawnCentro Np Metro 580 Sc Lp $3,663,106 Withdrawn Withdrawn This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 12 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2020 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
1374 09/15/20 03/09/21941 -2779-008-00-2 Centro Np Metro 580 Sc Lp $3,663,106 $0 REJECTED 1375 09/15/20 08/29/22941 -2779-009-00-1 $39,370,000Centro Np Metro 580 Sc Lp $40,272,465 $-902,465 Stipulated 1375 09/15/20 03/09/21941 -2779-009-00-2 Centro Np Metro 580 Sc Lp $40,272,465 $0 REJECTED 1376 09/15/20 03/23/22946 -1100-034-02-1 WithdrawnCentro Np Rose Pavilion Lp $9,605,726 Withdrawn Withdrawn 1376 09/15/20 03/09/21946 -1100-034-02-2 Centro Np Rose Pavilion Lp $9,605,726 $0 REJECTED 1377 09/15/20 03/23/22946 -1100-035-00-1 WithdrawnCentro Np Rose Pavilion Lp $14,057,160 Withdrawn Withdrawn 1377 09/15/20 03/09/21946 -1100-035-00-2 Centro Np Rose Pavilion Lp $14,057,160 $0 REJECTED 1378 09/15/20 03/23/22946 -1100-036-00-1 WithdrawnCentro Np Rose Pavilion Lp $13,937,473 Withdrawn Withdrawn 1378 09/15/20 03/09/21946 -1100-036-00-2 Centro Np Rose Pavilion Lp $13,937,473 $0 REJECTED 1379 09/15/20 03/23/22946 -1100-037-00-1 WithdrawnCentro Np Rose Pavilion Lp $5,740,007 Withdrawn Withdrawn 1379 09/15/20 03/09/21946 -1100-037-00-2 Centro Np Rose Pavilion Lp $5,740,007 $0 REJECTED 138 08/04/20 05/12/21950 -0027-032-00-1 WithdrawnSami & Suad Khoury Trs $3,200,000 Withdrawn Withdrawn 1380 09/15/20 03/23/22946 -1100-038-00-1 WithdrawnCentro Np Rose Pavilion Lp $5,622,864 Withdrawn Withdrawn 1380 09/15/20 03/09/21946 -1100-038-00-2 Centro Np Rose Pavilion Lp $5,622,864 $0 REJECTED 1381 09/15/20 03/23/22946 -1100-039-02-1 WithdrawnCentro Np Rose Pavilion Lp $4,392,862 Withdrawn Withdrawn 1381 09/15/20 03/09/21946 -1100-039-02-2 Centro Np Rose Pavilion Lp $4,392,862 $0 REJECTED 1382 09/15/20 03/23/22946 -1100-040-00-1 WithdrawnCentro Np Rose Pavilion Lp $4,217,148 Withdrawn Withdrawn 1382 09/15/20 03/09/21946 -1100-040-00-2 Centro Np Rose Pavilion Lp $4,217,148 $0 REJECTED 1383 09/15/20 03/23/22946 -1100-041-00-1 WithdrawnCentro Np Rose Pavilion Lp $5,037,149 Withdrawn Withdrawn 1383 09/15/20 03/09/21946 -1100-041-00-2 Centro Np Rose Pavilion Lp $5,037,149 $0 REJECTED 1384 09/15/20 03/23/22946 -1100-042-00-1 WithdrawnCentro Np Rose Pavilion Lp $410,000 Withdrawn Withdrawn 1384 09/15/20 03/09/21946 -1100-042-00-2 Centro Np Rose Pavilion Lp $410,000 $0 REJECTED 1385 09/15/20 03/23/22946 -1100-043-00-1 WithdrawnCentro Np Rose Pavilion Lp $12,465,664 Withdrawn Withdrawn 1385 09/15/20 03/09/21946 -1100-043-00-2 Centro Np Rose Pavilion Lp $12,465,664 $0 REJECTED 1386 09/15/20 03/23/22946 -1100-044-00-1 WithdrawnCentro Np Rose Pavilion Lp $1,171,430 Withdrawn Withdrawn 1386 09/15/20 03/09/21946 -1100-044-00-2 Centro Np Rose Pavilion Lp $1,171,430 $0 REJECTED 1387 09/15/20 03/23/22946 -1100-045-02-1 WithdrawnCentro Np Rose Pavilion Lp $7,380,009 Withdrawn Withdrawn 1387 09/15/20 03/09/21946 -1100-045-02-2 Centro Np Rose Pavilion Lp $7,380,009 $0 REJECTED 1388 09/15/20 03/23/22946 -1100-046-00-1 WithdrawnCentro Np Rose Pavilion Lp $7,253,302 Withdrawn Withdrawn 1388 09/15/20 03/09/21946 -1100-046-00-2 Centro Np Rose Pavilion Lp $7,253,302 $0 REJECTED 1392 09/15/20 04/13/22946 -4623-010-00-1 WithdrawnCarmax Auto Superstores California Llc $38,054,972 Withdrawn Withdrawn 1396 09/15/20 07/27/22941 -2771-010-00-1 WithdrawnW2005 New Century Hotel Portfolio Lp $4,605,850 Withdrawn Withdrawn 1396 09/15/20 03/09/21941 -2771-010-00-2 W2005 New Century Hotel Portfolio Lp $4,605,850 $0 REJECTED 1397 09/15/20 07/27/22941 -2771-009-00-1 WithdrawnW2005 New Century Hotel Portfolio Lp $31,287,948 Withdrawn Withdrawn 1397 09/15/20 03/09/21941 -2771-009-00-2 W2005 New Century Hotel Portfolio Lp $31,287,948 $0 REJECTED 1433 09/15/20 03/06/24947 -0013-010-00-1 $6,682,426Pleasanton Retail Owner Inc $7,904,239 $-1,221,813 STIPULATED/ADMIN 1433 09/15/20 02/18/21947 -0013-010-00-2 Pleasanton Retail Owner Inc $7,904,239 $0 REJECTED 1434 09/15/20 03/06/24947 -0013-001-02-1 $4,714,025Pleasanton Retail Owner Inc $5,545,574 $-831,549 STIPULATED/ADMIN 1434 09/15/20 02/22/21947 -0013-001-02-2 Pleasanton Retail Owner Inc $5,545,574 $0 REJECTED 1435 09/15/20 03/08/24947 -0013-002-03-1 WithdrawnPleasanton Retail Owner Inc $3,186,868 Withdrawn WITHDRAWAL/ADMIN 1435 09/15/20 02/22/21947 -0013-002-03-2 Pleasanton Retail Owner Inc $3,186,868 $0 REJECTED 1436 09/15/20 03/06/24947 -0013-003-01-1 $3,639,332Pleasanton Retail Owner Inc $4,425,022 $-785,690 STIPULATED/ADMIN 1436 09/15/20 02/22/21947 -0013-003-01-2 Pleasanton Retail Owner Inc $4,425,022 $0 REJECTED This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 13 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2020 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
1437 09/15/20 03/08/24947 -0013-004-00-1 WithdrawnPleasanton Retail Owner Inc $24,011,402 Withdrawn WITHDRAWAL/ADMIN 1437 09/15/20 02/22/21947 -0013-004-00-2 Pleasanton Retail Owner Inc $24,011,402 $0 REJECTED 1438 09/15/20 03/08/24947 -0013-005-00-1 WithdrawnPleasanton Retail Owner Inc $7,543,932 Withdrawn WITHDRAWAL/ADMIN 1438 09/15/20 02/22/21947 -0013-005-00-2 Pleasanton Retail Owner Inc $7,543,932 $0 REJECTED 1439 09/15/20 03/06/24947 -0013-006-00-1 $6,784,833Pleasanton Retail Owner Inc $8,570,325 $-1,785,492 STIPULATED/ADMIN 1439 09/15/20 02/22/21947 -0013-006-00-2 Pleasanton Retail Owner Inc $8,570,325 $0 REJECTED 1440 09/15/20 03/06/24947 -0013-007-00-1 $4,154,974Pleasanton Retail Owner Inc $4,931,704 $-776,730 STIPULATED/ADMIN 1440 09/15/20 02/22/21947 -0013-007-00-2 Pleasanton Retail Owner Inc $4,931,704 $0 REJECTED 1441 09/15/20 03/06/24947 -0013-008-00-1 $6,212,830Pleasanton Retail Owner Inc $7,566,451 $-1,353,621 STIPULATED/ADMIN 1441 09/15/20 02/22/21947 -0013-008-00-2 Pleasanton Retail Owner Inc $7,566,451 $0 REJECTED 1442 09/15/20 03/06/24947 -0013-009-00-1 $9,013,310Pleasanton Retail Owner Inc $10,600,634 $-1,587,324 STIPULATED/ADMIN 1442 09/15/20 02/22/21947 -0013-009-00-2 Pleasanton Retail Owner Inc $10,600,634 $0 REJECTED 1452 09/15/20 04/13/22941 -2778-004-01-1 $172,000,000Kaiser Foundation Health Plan Inc $183,150,974 $-11,150,974 Stipulated 1469 09/15/20 01/08/24094 -0156-020-01-1 Withdrawn337 Pleasanton Investors Llc $3,706,072 Withdrawn WITHDRAWAL/ADMIN 1470 09/15/20 02/18/21946 -1101-035-04-1 Penrod Family Lp $2,542,901 $0 REJECTED 1503 09/09/20 12/14/21950 -0027-002-00-1 WithdrawnSingh Kulwinder & Kaur Manjit $3,060,491 Withdrawn WITHDRAWAL/ADMIN 151 08/04/20 02/03/21950 -0024-012-00-1 WithdrawnJacqueline Y Lee & Edwin H Kim, Trs $3,850,000 Withdrawn Withdrawn 1510 09/09/20 02/09/22946 -4596-004-00-1 $1,625,000John Q & Chen Naihong Hsu $1,747,872 $-122,872 STIPULATED/ADMIN 1523 09/10/20 04/01/2401-348801-00-012-1 WithdrawnAdt Llc $291,216 Withdrawn Withdrawn 1572 09/11/20 09/22/21941 -1201-026-00-1 $32,000,000Equity One Pleasanton Llc $37,736,272 $-5,736,272 Stipulated 159 08/04/20 03/17/21946 -1680-019-00-1 WithdrawnTaylor Commercial Properties Inc $2,156,463 Withdrawn Withdrawn 1590 09/14/20 07/23/2100-290707-00-002-1 $630,742Kohl'S Department Store Inc $693,556 $-62,814 Stipulated 1595 09/14/20 07/22/2400-001436-00-009-1 WithdrawnClorox Services Company $38,077,015 Withdrawn Withdrawn 1598 09/14/20 07/01/2400-018841-00-013-1 WithdrawnMacys West Stores Inc $782,768 Withdrawn Withdrawn 1601 09/14/20 07/01/2400-018841-00-010-1 WithdrawnMacys West Stores Inc $132,183 Withdrawn Withdrawn 1605 09/14/20 07/01/2400-018841-00-003-1 WithdrawnMacys West Stores Inc $4,037,812 Withdrawn Withdrawn 1607 09/15/20 08/24/22941 -2771-029-00-1 Pending24 Hour Fitness Usa, Inc $22,706,743 Pending Reset 1631 09/15/20 07/22/22941 -2764-012-01-1 Gs Springhouse Llc $138,183,291 $0 DENIED FOR NONAPPEARANCE 1639 09/15/20 05/19/21946 -4547-100-01-1 Big Valley L P $9,820,579 $0 REJECTED 1640 09/15/20 05/19/21946 -4547-116-00-1 Big Valley Lp $1,769,666 $0 REJECTED 1641 09/15/20 05/19/21946 -4547-117-00-1 Big Valley Lp $1,778,177 $0 REJECTED 1642 09/15/20 05/19/21946 -4547-118-00-1 Big Valley Lp $2,129,064 $0 REJECTED 1643 09/15/20 05/19/21946 -4547-119-00-1 Big Valley Lp $1,049,809 $0 REJECTED 1644 09/15/20 05/19/21946 -4547-120-00-1 Big Valley Lp $900,747 $0 REJECTED 1658 09/15/20 05/19/21941 -2762-020-00-1 Bg Hacienda Llc $3,040,092 $0 REJECTED 1659 09/15/20 05/19/21950 -0002-013-00-1 Jack Balch Tr $814,617 $0 REJECTED 1663 09/11/20 12/15/21094 -0107-012-01-1 WithdrawnDonald A & Catherine Trs Dambrosio $987,706 Withdrawn Withdrawn 1681 09/11/20 07/22/24941 -1201-092-00-1 $25,000,000Nordstrom Inc $38,056,211 $-13,056,211 STIPULATED/ADMIN 1691 09/11/20 12/15/21094 -0107-015-00-1 WithdrawnDonald A & Catherine Trs Dambrosio $1,219,658 Withdrawn Withdrawn 1720 08/14/20 06/22/2230-294948-12-000-1 $5,408,000Comcast Corp $8,014,689 $-2,606,689 STIPULATED/ADMIN 1720 08/14/20 06/22/2230-294948-12-000-2 WithdrawnComcast Corp $8,014,689 Withdrawn WITHDRAWAL/ADMIN 189 08/04/20 01/19/22950 -0029-057-00-1 WithdrawnSushil & Anjali Jhangiani Trs $3,080,848 Withdrawn Withdrawn 1923 09/15/20 08/03/22947 -0004-002-14-1 $3,600,000Kalthoff Stephen A Tr $4,078,271 $-478,271 Stipulated This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 14 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2020 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
1929 09/15/20 12/14/21950 -0012-046-00-1 WithdrawnJinshun & Liyan Wu $2,676,637 Withdrawn WITHDRAWAL/ADMIN 1931 09/02/20 12/15/21949 -0004-015-00-1 WithdrawnTraynor Brien & Tamara L Trs $2,017,000 Withdrawn WITHDRAWAL/ADMIN 1937 09/15/20 03/09/22941 -0550-024-00-1 WithdrawnMjq Dublin Llc $123,738 Withdrawn Withdrawn 1939 09/15/20 03/09/22941 -0550-030-00-1 WithdrawnMjq Dublin Llc $154,747 Withdrawn Withdrawn 1961 09/10/20 02/22/2400-373229-00-001-1 WithdrawnSorrento Networks International Inc $577,896 Withdrawn WITHDRAWAL/ADMIN 1972 02/04/21 04/28/22941 -1201-015-02-1 Welltower Propco Group Llc C/O Tobias & Assoc.$27,038,160 $0 REJECTED 2123 09/04/20 01/10/2408-003171-00-115-1 WithdrawnWells Fargo Bank Na 106394 $293,695 Withdrawn WITHDRAWAL/ADMIN 2162 06/04/21 06/09/21941 -2759-045-00-1 Bre Esa 2005 Portfolio Llc (Extended Stay Hotels)$9,302,607 $0 REJECTED 238 08/06/20 05/18/22941 -1712-011-00-1 WithdrawnWhetstone Earl L Tr $1,745,237 Withdrawn Withdrawn 239 08/06/20 10/13/21950 -0027-009-00-1 WithdrawnTai K. Lan $3,100,000 Withdrawn WITHDRAWAL/ADMIN 243 08/06/20 12/14/21950 -0028-024-00-1 WithdrawnReema Patel $3,591,812 Withdrawn WITHDRAWAL/ADMIN 288 08/14/20 12/14/21950 -0017-038-00-1 WithdrawnChinta Sudha & Suryanaray Murty Trs $2,895,000 Withdrawn WITHDRAWAL/ADMIN 292 08/17/20 01/19/22941 -1301-080-00-1 $59,050,000Clorox Svcs Co $61,210,851 $-2,160,851 Stipulated 293 08/17/20 01/19/22941 -1301-079-00-1 $58,950,000Clorox Services Company $61,739,326 $-2,789,326 Stipulated 296 08/20/20 11/10/21941 -2761-003-00-1 $148,000,000Boehringer Mannheim Corporation $158,234,490 $-10,234,490 Stipulated 314 08/26/20 02/08/22946 -4051-034-01-2 $3,468,452Sandra Luo $3,498,452 $-30,000 HEARD/CHANGE 315 08/26/20 10/04/2330-358219-86-000-1 WithdrawnWorkday Inc. $336,946,310 Withdrawn Withdrawn 316 08/26/20 10/04/2330-358219-86-000-1 WithdrawnWorkday Inc $336,946,310 Withdrawn Withdrawn 342 08/11/20 12/07/20941 -1201-015-02-1 WithdrawnWelltower Propco Group Llc $27,578,784 Withdrawn WITHDRAWAL/ADMIN 379 09/14/20 04/16/21941 -1311-039-00-2 WithdrawnBay Club Pleasanton Llc $15,313,139 Withdrawn WITHDRAWAL/ADMIN 379 09/14/20 06/06/22941 -1311-039-00-1 PendingBay Club Pleasanton Llc $15,313,139 Pending Reset 380 09/14/20 04/16/21941 -1311-036-03-2 WithdrawnBay Club Pleasanton Llc $4,841,628 Withdrawn WITHDRAWAL/ADMIN 380 09/14/20 06/06/22941 -1311-036-03-1 PendingBay Club Pleasanton Llc $4,841,628 Pending Reset 393 09/14/20 12/15/21941 -2759-027-00-1 WithdrawnCmp I Pleasanton Owner Lp $20,220,127 Withdrawn WITHDRAWAL/ADMIN 394 09/14/20 03/30/22941 -1710-012-00-1 WithdrawnPleasanton Project Owner Llc $47,255,330 Withdrawn Withdrawn 410 08/27/20 12/08/21941 -1301-083-00-1 WithdrawnWestwood Co Franklin Llc $13,406,351 Withdrawn Withdrawn 485 09/14/20 03/29/2200-016680-00-015-1 PendingWalgreen Co $224,621 Pending PENDING WITH 1604(C) 530 09/03/20 11/17/21941 -1201-057-02-1 $25,000,000Wh Pleasanton Hotel Lp $35,523,670 $-10,523,670 Stipulated 557 09/03/20 11/08/2100-387847-00-001-2 $11,979Lern Education $112,431 $-100,452 Stipulated 558 09/03/20 11/08/2100-387847-00-001-1 $54,125Lern Education $112,431 $-58,306 Stipulated 569 09/03/20 12/14/21946 -4050-071-00-1 WithdrawnPiardip S & Johal Baljeet K Trs Johal $3,433,320 Withdrawn WITHDRAWAL/ADMIN 628 09/14/20 06/08/21941 -2762-016-00-1 WithdrawnHarsch Investment Corp $26,685,252 Withdrawn WITHDRAWAL/ADMIN 63 07/21/20 05/03/24941 -1560-010-01-1 The Clorox Company (Lessee) $515,013 $0 DENIED FOR NONAPPEARANCE 733 09/14/20 12/08/21094 -0198-001-05-1 WithdrawnPaul L & Helga A Trs Hulme $7,568,189 Withdrawn Withdrawn 737 09/14/20 06/06/22941 -2779-010-00-1 WithdrawnOak Owens 20172020 Llc $137,816,400 Withdrawn Withdrawn 745 09/14/20 03/23/22946 -4557-040-00-1 $36,500,000Sycamore Plaza I A Llc $38,129,679 $-1,629,679 Stipulated 753 09/14/20 12/14/21941 -1201-100-00-1 WithdrawnSafeway Inc $25,203,730 Withdrawn WITHDRAWAL/ADMIN 754 09/14/20 12/14/21941 -1201-103-00-1 WithdrawnSafeway Inc $9,203,455 Withdrawn WITHDRAWAL/ADMIN 755 09/14/20 06/06/22941 -1700-006-03-1 WithdrawnSafeway Inc $37,143,496 Withdrawn Withdrawn 789 09/15/20 11/20/2400-228105-00-002-1 WithdrawnPacific Imaging Partners Inc $992,726 Withdrawn Withdrawn 79 07/30/20 11/08/2100-344562-00-002-1 WithdrawnDesign Energy Group Llc $59,023 Withdrawn Withdrawn 852 09/14/20 09/09/2200-000488-00-010-1 Safeway Inc #1502 $1,374,000 $0 Heard - No Change 860 09/14/20 09/09/2200-000488-00-072-1 Safeway Inc #2856 $2,480,825 $0 Heard - No Change This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 15 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2020 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
927 09/08/20 06/08/21941 -2759-045-00-1 WithdrawnBre Esa Properties Llc $9,488,583 Withdrawn WITHDRAWAL/ADMIN 928 09/08/20 06/08/21941 -1301-013-03-1 WithdrawnLamorinda Development & Investment $5,168,115 Withdrawn WITHDRAWAL/ADMIN 929 09/08/20 02/24/21946 -1100-015-04-1 $4,650,000Jpmorgan Chase Bank N A $5,637,976 $-987,976 Stipulated 937 09/09/20 04/27/22941 -1315-004-00-1 WithdrawnLl Pleasanton Lp $25,853,079 Withdrawn Withdrawn 945 09/10/20 03/30/22941 -2762-011-01-1 WithdrawnEci Four Arroyo Llc $20,988,290 Withdrawn Withdrawn 952 09/10/20 01/12/22941 -2759-024-00-1 $13,500,000Willow Ridge V Llc $15,000,000 $-1,500,000 Stipulated 953 09/10/20 09/22/21949 -0002-029-00-1 $5,000,000Phillips P Yee $6,600,000 $-1,600,000 Stipulated 958 09/11/20 12/08/21094 -0122-040-00-1 WithdrawnKn St John Lp $814,043 Withdrawn Withdrawn 959 09/11/20 12/08/21094 -0122-043-00-1 WithdrawnKn St John Lp $807,896 Withdrawn Withdrawn 96 07/27/20 03/03/2200-385118-00-001-1 Sharda Patel Dmd Inc $158,275 $0 DENIED FOR NONAPPEARANCE 965 09/11/20 12/08/21094 -0122-047-00-1 WithdrawnKn St John Lp $675,910 Withdrawn Withdrawn 966 09/11/20 12/08/21094 -0122-045-00-1 WithdrawnKn St John Lp $671,754 Withdrawn Withdrawn 967 09/11/20 12/08/21094 -0122-041-00-1 WithdrawnKn St John Lp $807,896 Withdrawn Withdrawn 968 09/11/20 12/08/21094 -0122-046-00-1 WithdrawnKn St John Lp $675,910 Withdrawn Withdrawn 969 09/11/20 12/08/21094 -0122-039-00-1 WithdrawnKn St John Lp $847,112 Withdrawn Withdrawn 970 09/11/20 12/08/21094 -0122-042-00-1 WithdrawnKn St John Lp $807,896 Withdrawn Withdrawn 971 09/11/20 12/08/21094 -0122-044-00-1 WithdrawnKn St John Lp $851,180 Withdrawn Withdrawn 972 09/11/20 12/08/21094 -0122-048-00-1 WithdrawnKn St John Lp $675,910 Withdrawn Withdrawn 973 09/10/20 12/14/21946 -4598-050-00-1 WithdrawnGabriel & Scott Stephanie Trs Araiza $2,408,384 Withdrawn WITHDRAWAL/ADMIN 975 09/10/20 12/15/21948 -0020-021-00-1 $2,000,000Rajiv & Neeta Vohra $2,223,600 $-223,600 STIPULATED/ADMIN 984 09/12/20 02/23/2230-358219-86-000-1 PendingWorkday Inc $336,946,310 Pending Hearing Canceled 987 09/12/20 04/08/2400-324898-00-004-1 WithdrawnWorkday Inc $104,091,650 Withdrawn WITHDRAWAL/ADMIN 988 09/12/20 04/08/2400-324898-00-005-1 WithdrawnWorkday Inc $29,508,374 Withdrawn WITHDRAWAL/ADMIN 2020 Totals Appeals Allowed Value Decline: 9.6%52 $869,072,799 $785,912,723 $-83,160,076 Appeals Denied 55 $502,105,087
Appeals Pending14 $734,967,151
Appeals Withdrawn116 $2,150,316,248
$4,256,461,285 $-83,160,076$785,912,723 237 Appeals
2021 Parcel Appeals
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
100009 07/08/21 08/22/22946 -4557-030-01-1 $5,800,000T.E. Enterprises, Llc $6,230,278 $-430,278 STIPULATED/ADMIN 100028 07/21/21 05/04/22946 -4596-037-00-1 WithdrawnPreeti Joshi $1,244,763 Withdrawn WITHDRAWAL/ADMIN 100028 07/21/21 04/13/22946 -4596-037-00-2 WithdrawnPreeti Joshi $1,244,763 Withdrawn WITHDRAWAL/ADMIN 100036 07/23/21 01/25/2300-399691-00-001-1 $12,909Megan Mcmanus, Cpa $22,929 $-10,020 STIPULATED/ADMIN 100140 08/17/21 05/10/23941 -2785-041-00-1 $810,000Dineshkumar Mohan $830,424 $-20,424 Stipulated 100206 09/01/21 11/08/2100-387046-00-002-1 $9,102Shining Light Therapy $25,958 $-16,856 Stipulated 100236 09/06/21 01/25/23946 -4050-048-00-1 WithdrawnRavi Cherukuri $4,485,242 Withdrawn WITHDRAWAL/ADMIN 100239 09/08/21 12/13/22949 -0017-024-00-1 Kevin N Lam $2,600,000 $0 Heard - No Change 100240 09/08/21 11/04/2400-359462-00-002-1 PendingPleasanton Diagnostic Imaging, Inc. $1,445,940 Pending New agenda item This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 16 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2021 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
100240 09/08/21 11/29/21941 -2771-028-00-1 PendingPleasanton Diagnostic Imaging, Inc. $182,420 Pending PENDING ASSESSOR EVALUATION 100245 09/08/21 07/17/2300-010425-00-002-1 $4,824,281Oldcastle Infrastructure Dba Utility Vault Co $5,802,810 $-978,529 Stipulated 100283 09/10/21 03/07/2301-394406-00-013-1 PendingTesla Energy Operations Inc $3,420,820 Pending PENDING WITH 1604(C) 100306 09/10/21 06/21/23941 -1201-030-06-1 WithdrawnMacy'S, Inc. $30,661,161 Withdrawn Withdrawn 100325 09/12/21 11/16/22946 -1101-039-00-1 $6,100,000Owner In Dtf Trust $6,970,892 $-870,892 HEARD/CHANGE 100345 09/13/21 10/24/2200-302780-00-000-1 WithdrawnBlackhawk Network Inc. $10,447,390 Withdrawn Withdrawn 100388 09/14/21 11/14/22946 -4542-053-00-1 Cp Iv Vintage Llc C/O Cvs As Lessee $7,105,899 $0 DENIED FOR NONAPPEARANCE 100402 09/14/21 07/31/2300-131924-00-045-1 WithdrawnStarbucks Corporation $259,689 Withdrawn Withdrawn 100409 09/15/21 03/29/23094 -0014-059-00-1 PendingPleasanton Real Estate Llc $6,034,109 Pending Reset 100500 09/15/21 07/31/2300-277762-00-001-1 WithdrawnApple Inc $4,811,398 Withdrawn Withdrawn 100524 09/15/21 06/28/23941 -1311-039-00-1 WithdrawnBay Club Pleasanton Llc $15,471,755 Withdrawn Withdrawn 100527 09/15/21 06/28/23941 -1311-036-03-1 WithdrawnBay Club Pleasanton Llc $4,891,766 Withdrawn Withdrawn 100545 09/15/21 09/23/2400-390233-00-001-1 WithdrawnCs Fremont Llc $2,522,130 Withdrawn Withdrawn 1013 09/15/21 07/12/23941 -2779-008-00-1 WithdrawnCentro Np Metro 580 Sc Lp $3,701,037 Withdrawn Withdrawn 1014 09/15/21 07/12/23941 -2779-009-00-1 $38,420,000Centro Np Metro 580 Sc Lp $40,689,480 $-2,269,480 Stipulated 1039 09/15/21 09/28/22946 -1100-034-02-1 WithdrawnCentro Np Rose Pavilion Lp $9,705,192 Withdrawn Withdrawn 1040 09/15/21 09/28/22946 -1100-035-00-1 WithdrawnCentro Np Rose Pavilion Lp $14,202,720 Withdrawn Withdrawn 1069 09/15/21 03/06/24947 -0013-010-00-1 $6,205,271Pleasanton Retail Owner Inc $7,986,092 $-1,780,821 STIPULATED/ADMIN 1070 09/15/21 03/06/24947 -0013-001-02-1 $4,390,999Pleasanton Retail Owner Inc $5,603,002 $-1,212,003 STIPULATED/ADMIN 1071 09/15/21 03/08/24947 -0013-002-03-1 WithdrawnPleasanton Retail Owner Inc $3,219,870 Withdrawn WITHDRAWAL/ADMIN 1072 09/15/21 03/06/24947 -0013-003-01-1 $3,325,684Pleasanton Retail Owner Inc $4,470,846 $-1,145,162 STIPULATED/ADMIN 1073 09/15/21 03/08/24947 -0013-004-00-1 WithdrawnPleasanton Retail Owner Inc $24,260,055 Withdrawn WITHDRAWAL/ADMIN 1074 09/15/21 03/08/24947 -0013-005-00-1 WithdrawnPleasanton Retail Owner Inc $7,622,054 Withdrawn WITHDRAWAL/ADMIN 1075 09/15/21 03/06/24947 -0013-006-00-1 $6,056,677Pleasanton Retail Owner Inc $8,659,076 $-2,602,399 STIPULATED/ADMIN 1076 09/15/21 03/06/24947 -0013-007-00-1 $3,850,672Pleasanton Retail Owner Inc $4,982,775 $-1,132,103 STIPULATED/ADMIN 1077 09/15/21 03/06/24947 -0013-008-00-1 $5,671,870Pleasanton Retail Owner Inc $7,644,806 $-1,972,936 STIPULATED/ADMIN 1078 09/15/21 03/06/24947 -0013-009-00-1 $8,396,848Pleasanton Retail Owner Inc $10,710,411 $-2,313,563 STIPULATED/ADMIN 108 08/09/21 08/31/22941 -0550-024-00-1 WithdrawnMjq Dublin Llc & Bq Dublin, Llc $125,020 Withdrawn Withdrawn 1090 09/15/21 09/28/22946 -1100-036-00-1 WithdrawnCentro Np Rose Pavilion Lp $14,081,819 Withdrawn Withdrawn 1091 09/15/21 09/28/22946 -1100-037-00-1 WithdrawnCentro Np Rose Pavilion Lp $5,799,444 Withdrawn Withdrawn 1092 09/15/21 09/28/22946 -1100-038-00-1 WithdrawnCentro Np Rose Pavilion Lp $5,681,088 Withdrawn Withdrawn 1093 09/15/21 09/28/22946 -1100-039-02-1 WithdrawnCentro Np Rose Pavilion Lp $4,438,350 Withdrawn Withdrawn 1094 09/15/21 09/28/22946 -1100-040-00-1 WithdrawnCentro Np Rose Pavilion Lp $4,260,816 Withdrawn Withdrawn 1095 09/15/21 09/28/22946 -1100-041-00-1 WithdrawnCentro Np Rose Pavilion Lp $5,089,308 Withdrawn Withdrawn 1096 09/15/21 09/28/22946 -1100-042-00-1 WithdrawnCentro Np Rose Pavilion Lp $414,246 Withdrawn Withdrawn 1097 09/15/21 09/28/22946 -1100-043-00-1 WithdrawnCentro Np Rose Pavilion Lp $12,594,743 Withdrawn Withdrawn 1098 09/15/21 09/28/22946 -1100-044-00-1 WithdrawnCentro Np Rose Pavilion Lp $1,183,560 Withdrawn Withdrawn 1099 09/15/21 09/28/22946 -1100-045-02-1 WithdrawnCentro Np Rose Pavilion Lp $7,456,428 Withdrawn Withdrawn 110 08/09/21 08/31/22941 -0550-030-00-1 WithdrawnMjq Dublin Llc & Bq Dublin, Llc $156,350 Withdrawn Withdrawn 1100 09/15/21 09/28/22946 -1100-046-00-1 WithdrawnBrixmor Rose Pavilion L P $7,328,418 Withdrawn Withdrawn 1118 09/15/21 07/03/24941 -1201-029-00-1 WithdrawnJ.C. Penny Properties Inc. $16,126,558 Withdrawn Withdrawn 1203 09/14/21 11/18/24941 -2779-010-00-1 $235,600,000Oak Owens 20172020 Llc $239,590,000 $-3,990,000 HEARD 1206 09/15/21 03/22/23941 -2764-012-01-1 WithdrawnGs Springhouse Llc $139,557,354 Withdrawn Withdrawn This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 17 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2021 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
1207 09/14/21 10/16/24946 -1101-034-00-1 $79,700,000Imt Capital Iv Pleasanton Llc $84,867,131 $-5,167,131 Stipulated 1261 09/14/21 09/21/22941 -2762-011-01-1 WithdrawnEci Four Arroyo Llc $21,205,688 Withdrawn Withdrawn 1361 09/14/21 03/01/23941 -1201-015-02-1 WithdrawnSunrise Pleasanton Ca Senior Living Llc $27,864,355 Withdrawn Withdrawn 1373 09/15/21 02/15/23946 -1100-015-04-1 PendingJpmorgan Chase Bank N A $4,650,000 Pending Reset 1379 09/15/21 12/15/2230-358219-86-000-1 WithdrawnWorkday Inc $340,437,200 Withdrawn WITHDRAWAL/ADMIN 1379 09/15/21 12/20/21941 -1201-071-11-1 PendingWorkday Inc $340,437,045 Pending PENDING ASSESSOR EVALUATION 1386 09/15/21 08/09/23946 -4550-018-02-1 PendingSh 10 Pleasanton Llc $8,435,133 Pending Reset 1392 09/15/21 08/22/23941 -2759-044-00-1 Terra Hospitality Sfmsa Llc $47,512,884 $0 HEARD/CHANGE 1393 09/15/21 04/26/23950 -0010-001-00-1 WithdrawnCf Arcis Ix Llc $1,670,408 Withdrawn Withdrawn 1394 09/15/21 04/26/23950 -0010-002-06-1 WithdrawnCf Arcis Ix Llc $4,467,369 Withdrawn Withdrawn 1395 09/15/21 04/26/23950 -0010-003-03-1 WithdrawnCf Arcis Ix Llc $226,496 Withdrawn Withdrawn 1396 09/15/21 04/26/23950 -0010-004-16-1 WithdrawnCf Arcis Ix Llc $1,132,480 Withdrawn Withdrawn 1397 09/15/21 04/26/23950 -0010-005-04-1 WithdrawnCf Arcis Ix Llc $33,973 Withdrawn Withdrawn 1398 09/15/21 04/26/23950 -0010-009-00-1 WithdrawnCf Arcis Ix Llc $430,342 Withdrawn Withdrawn 1399 09/15/21 04/26/23950 -0020-001-00-1 WithdrawnCf Arcis Ix Llc $3,454,064 Withdrawn Withdrawn 1400 09/15/21 04/26/23950 -0020-002-00-1 WithdrawnCf Arcis Ix Llc $651,176 Withdrawn Withdrawn 1408 09/15/21 03/22/23946 -4623-010-00-1 Carmax Auto Superstores California Llc $38,449,068 $0 DENIED FOR NONAPPEARANCE 1416 09/15/21 03/12/24941 -1301-061-02-1 PendingHacienda Md Llc $41,499,305 Pending PENDING WITH 1604(C) 1435 09/15/21 07/13/2200-241171-00-001-1 $0Intertek Testing Services Na Inc $29,266 $0 STIPULATED/ADMIN 1446 09/15/21 02/15/23094 -0107-012-01-1 WithdrawnDonald A & Catherine Trs Dambrosio $997,936 Withdrawn Withdrawn 1447 09/15/21 02/15/23094 -0107-015-00-1 WithdrawnDonald A & Catherine Trs Dambrosio $1,232,290 Withdrawn Withdrawn 1458 09/15/21 05/17/23946 -4596-004-00-1 $1,700,000John Q & Chen Naihong Hsu $1,765,965 $-65,965 Stipulated 1459 09/15/21 07/25/22950 -0027-002-00-1 WithdrawnKulwinder & Kaur Manjit Singh $3,092,184 Withdrawn WITHDRAWAL/ADMIN 148 08/12/21 04/13/22950 -0012-016-00-1 WithdrawnJoseph And Delauna E Living Trs Javaid Nasir $3,536,260 Withdrawn WITHDRAWAL/ADMIN 1495 09/15/21 10/27/22941 -2762-020-00-1 Bg Hacienda Llc $3,071,574 $0 REJECTED 1495 09/15/21 10/27/22941 -2762-020-00-2 Bg Hacienda Llc $3,071,574 $0 REJECTED 150 08/12/21 04/13/22950 -0029-057-00-1 WithdrawnSushil & Anjali Family Trs Jhangiani $3,112,764 Withdrawn WITHDRAWAL/ADMIN 1527 08/25/21 11/30/22950 -0029-072-00-1 Uppal Bhupinder S & Ravindar K Trs $3,127,339 $0 REJECTED 157 08/17/21 09/28/22946 -1680-019-00-1 WithdrawnTaylor Commercial Properties Inc $2,178,790 Withdrawn Withdrawn 158 08/19/21 04/13/22946 -4593-015-00-1 WithdrawnRamesh & Promila Trs Sood $2,158,611 Withdrawn WITHDRAWAL/ADMIN 163 08/20/21 07/22/24941 -1201-092-00-1 $20,500,000Nordstrom Inc $38,450,308 $-17,950,308 STIPULATED/ADMIN 1631 09/15/20 03/01/21941 -2764-012-01-1 PendingGs Springhouse Llc $138,183,291 Pending PENDING ASSESSOR EVALUATION 1692 03/02/22 03/16/2200-116015-00-016-1 Ebvc Optomerty Inc $108,571 $0 REJECTED UNTIMELY 1695 02/04/22 03/03/22946 -3200-029-01-1 Hospital Committee For Livermore Pleasanton Areas$13,298,249 $0 REJECTED UNTIMELY 1696 02/04/22 03/04/22946 -3200-036-00-1 Hospital Committee For Livermore Pleasanton Areas$5,653,630 $0 REJECTED UNTIMELY 1697 02/04/22 03/04/22946 -3200-035-02-1 Hospital Committee For Livermore Pleasanton Areas$98,179 $0 REJECTED UNTIMELY 1699 02/04/22 03/04/22941 -2764-014-00-1 Hospital Committee For Livermore Pleasanton Areas$27,100 $0 REJECTED UNTIMELY 1784 08/23/21 07/19/23941 -2759-041-00-1 $3,900,000Ollagnier Lp C/O United States Postal Svc (Lessee)$4,000,000 $-100,000 Stipulated 18 07/19/21 01/08/24941 -1201-057-02-1 $21,700,000Wh Pleasanton Hotel Lp $26,750,000 $-5,050,000 Stipulated 1839 09/08/21 07/01/2400-018841-00-003-1 WithdrawnMacy'S Retail Holdings, Llc (Old: Macy'S West) $2,896,666 Withdrawn Withdrawn 1841 09/08/21 07/01/2400-018841-00-010-1 WithdrawnMacy'S Retail Holdings, Llc (Old: Macy'S West) $90,369 Withdrawn Withdrawn 1844 09/08/21 07/01/2400-018841-00-013-1 WithdrawnMacy'S Retail Holdings, Llc (Old: Macys West) $644,623 Withdrawn Withdrawn 188 08/18/21 09/28/22946 -1689-012-00-1 WithdrawnJames A & Jacquelyn C Trs Robinette $1,545,191 Withdrawn Withdrawn This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 18 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2021 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
1984 08/23/21 06/17/22941 -2759-041-00-1 PendingOllagnier Lp $4,000,000 Pending PENDING ASSESSOR EVALUATION 227 08/26/21 10/16/23941 -1301-079-00-1 $60,100,000Clorox Services Co (Lessee) $62,378,724 $-2,278,724 STIPULATED/ADMIN 228 08/26/21 10/16/23941 -1301-080-00-1 $60,700,000Clorox Services Co (Lessee) $61,844,776 $-1,144,776 STIPULATED/ADMIN 231 08/26/21 04/13/22950 -0028-024-00-1 WithdrawnReema Patel $3,629,007 Withdrawn WITHDRAWAL/ADMIN 252 08/31/21 07/19/23941 -2761-003-00-1 $149,200,000Boehringer Mannheim Corporation $159,873,109 $-10,673,109 Stipulated 283 08/24/21 01/24/24941 -1315-004-00-1 $22,000,000Ll Pleasanton Lp $25,625,340 $-3,625,340 Stipulated 321 08/30/21 09/14/22941 -2771-029-00-1 Pending24 Hour Fitness Usa, Inc. (Lessee) $22,941,878 Pending PENDING WITH 1604(C) 339 08/31/21 07/25/24950 -0027-032-00-1 WithdrawnSami & Suad Khoury Trs $3,640,290 Withdrawn Withdrawn 345 08/31/21 04/13/22946 -4050-071-00-1 WithdrawnJohal Baljeet K & Johal S Piardip Trs $3,468,861 Withdrawn WITHDRAWAL/ADMIN 347 09/01/21 11/15/22948 -0024-025-00-1 Xiaomeng Zhou & Guanglei Xiong $2,123,363 $0 DENIED FOR NONAPPEARANCE 355 09/07/21 04/13/22950 -0029-026-00-1 WithdrawnSudhanshu K & Abha Trs Ghoshal $3,066,100 Withdrawn WITHDRAWAL/ADMIN 371 09/07/21 09/28/22946 -4050-072-00-1 WithdrawnThang & Hanh Trs Tran $3,300,000 Withdrawn Withdrawn 410 08/31/21 01/08/24941 -1710-012-00-1 $38,600,000Pleasanton Project Owner Llc $47,744,726 $-9,144,726 Stipulated 422 09/09/21 03/21/22950 -0028-022-00-1 WithdrawnRamesh & Gita R Patel $1,274,101 Withdrawn WITHDRAWAL/ADMIN 427 09/09/21 02/26/2400-256344-00-016-1 $740,677Spectrasite Communications Inc $851,265 $-110,588 STIPULATED/ADMIN 443 09/09/21 07/22/2400-001436-00-009-1 WithdrawnClorox Services Company $37,887,470 Withdrawn Withdrawn 450 09/09/21 07/19/23947 -0005-004-34-1 PendingApplera Corp $7,417,800 Pending Reset 451 09/09/21 07/19/23947 -0005-004-39-1 PendingApplera Corp $2,758,721 Pending Reset 452 09/09/21 07/19/23947 -0005-004-40-1 PendingApplera Corp $24,578,808 Pending Reset 453 09/09/21 07/19/23947 -0005-004-41-1 PendingApplera Corp $36,406,308 Pending Reset 454 09/09/21 07/17/2300-114955-00-001-1 WithdrawnApplied Biosystems Llc $34,514,700 Withdrawn Withdrawn 479 09/09/21 06/22/2230-294948-12-000-1 $5,279,200Comcast Corp $8,097,680 $-2,818,480 STIPULATED/ADMIN 479 09/09/21 06/22/2230-294948-12-000-2 WithdrawnComcast Corp $8,097,680 Withdrawn WITHDRAWAL/ADMIN 493 09/14/21 03/29/2300-290707-00-002-1 PendingKohl'S Department Store Inc $538,538 Pending PENDING WITH 1604(C) 498 09/14/21 07/26/23948 -0017-021-00-1 Withdrawn446 Sycamore Road Llc (National Mentor Holdings)$2,220,600 Withdrawn Withdrawn 560 08/24/21 02/01/23094 -0198-001-05-1 WithdrawnPaul L & Helga A Trs Hulme $7,646,547 Withdrawn Withdrawn 58 08/02/21 04/13/22941 -1712-011-00-1 WithdrawnEarl L Whetstone Trust $1,763,310 Withdrawn WITHDRAWAL/ADMIN 581 09/03/21 07/19/23949 -0002-029-00-1 $4,600,000Phillips P Yee $5,000,000 $-400,000 Stipulated 582 09/03/21 07/19/23941 -2759-024-00-1 $13,000,000Willow Ridge V Llc $14,500,000 $-1,500,000 Stipulated 587 08/31/21 11/22/21950 -0017-038-00-1 WithdrawnSuryanarayana & Chinta Sudha S Trs Murty $3,267,298 Withdrawn WITHDRAWAL/ADMIN 631 09/10/21 07/25/22949 -0004-015-00-1 WithdrawnBrien & Tamara L Trs Traynor $2,300,000 Withdrawn WITHDRAWAL/ADMIN 634 09/10/21 03/10/23941 -1201-094-03-1 PendingStoneridge Properties $273,933,636 Pending Reset 635 09/10/21 03/10/23941 -1201-094-03-1 PendingStoneridge Properties $273,933,636 Pending Reset 636 09/10/21 03/10/23941 -1201-095-00-1 PendingStoneridge S & S Llc $45,900,000 Pending Reset 637 09/10/21 03/10/23941 -1201-095-00-1 PendingStoneridge S & S Llc $46,818,000 Pending Reset 638 09/10/21 11/20/24941 -1201-095-00-1 WithdrawnStoneridge S & S Llc $46,100,000 Withdrawn Withdrawn 639 09/10/21 11/20/24941 -1201-094-03-1 PendingStoneridge Properties $273,933,636 Pending Reset 659 09/10/21 02/08/23941 -1700-006-03-1 WithdrawnSafeway Inc $37,528,140 Withdrawn Withdrawn 666 09/14/21 07/25/22950 -0026-008-00-1 WithdrawnMohan R Tr Ravulapati $2,040,532 Withdrawn WITHDRAWAL/ADMIN 694 09/14/21 12/12/2200-363030-00-004-1 WithdrawnVulcan Materials Company $2,471,045 Withdrawn Withdrawn 721 09/13/21 10/14/2400-359116-00-000-1 WithdrawnPepsico Inc $6,239,887 Withdrawn Withdrawn 724 09/13/21 04/19/23941 -1301-018-02-1 $5,175,000Khatri Brothers L P $6,530,476 $-1,355,476 STIPULATED/ADMIN 734 09/13/21 07/25/22946 -4051-033-01-1 WithdrawnYibin Zhang & Shin N Wei & $2,742,657 Withdrawn WITHDRAWAL/ADMIN This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 19 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2021 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
74 08/03/21 05/04/22950 -0027-009-00-1 $3,500,000Tai K Lan $3,597,896 $-97,896 STIPULATED/ADMIN 744 09/13/21 01/10/2408-003171-00-115-1 WithdrawnWells Fargo Bank # 106394 $286,285 Withdrawn WITHDRAWAL/ADMIN 756 09/13/21 04/08/2400-324898-00-004-1 WithdrawnWorkday Inc $81,147,600 Withdrawn WITHDRAWAL/ADMIN 757 09/13/21 04/08/2400-324898-00-005-1 WithdrawnWorkday Inc $31,138,470 Withdrawn WITHDRAWAL/ADMIN 773 09/15/21 10/24/2202-372846-00-005-1 $1,043,792Bloom Energy Corporation $1,274,040 $-230,248 Stipulated 801 09/15/21 07/26/2300-228105-00-002-1 WithdrawnRadnet Management Inc $735,554 Withdrawn Withdrawn 829 09/15/21 09/21/22941 -2760-017-00-1 WithdrawnBritannia Property Owner Llc $74,364,340 Withdrawn Withdrawn 850 09/15/21 08/22/23946 -3295-011-00-1 Harman Management Corporation $1,846,484 $0 HEARD/CHANGE 88 08/10/21 07/13/22947 -0004-002-14-1 $3,600,000Stephen A Tr Kalthoff $4,120,511 $-520,511 STIPULATED/ADMIN 925 09/14/21 10/07/2400-005550-00-001-1 WithdrawnLongs Drug Stores California Llc $313,099 Withdrawn Withdrawn 942 09/14/21 10/07/2400-349016-00-002-1 WithdrawnGarfield Beach Cvs Llc $212,826 Withdrawn Withdrawn 946 09/14/21 10/07/2400-349016-00-017-1 WithdrawnGarfield Beach Cvs Llc $321,292 Withdrawn Withdrawn 958 09/08/21 07/26/23941 -1311-037-05-1 WithdrawnPacific Pearl Hotels Llc $33,020,949 Withdrawn Withdrawn 970 09/15/21 10/19/22941 -1201-099-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $54,604,350 Withdrawn Withdrawn 971 09/15/21 10/19/22941 -1201-098-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $54,604,350 Withdrawn Withdrawn 972 09/15/21 10/19/22941 -1201-097-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $54,604,350 Withdrawn Withdrawn 973 09/15/21 10/19/22941 -1201-096-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $54,692,998 Withdrawn Withdrawn 974 09/15/21 11/13/24941 -1201-090-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $1,892,105 Withdrawn Withdrawn 2021 Totals Appeals Allowed Value Decline: 9.1%33 $907,491,726 $824,512,982 $-82,978,744 Appeals Denied 15 $128,123,180
Appeals Pending21 $1,557,449,024
Appeals Withdrawn87 $1,441,240,515
$4,034,304,445 $-82,978,744$824,512,982 156 Appeals
2022 Parcel Appeals
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
10 07/12/22 07/01/24949 -0002-029-00-1 $4,600,000Phillips Yee $5,300,000 $-700,000 STIPULATED/ADMIN 100020 07/15/22 04/24/24946 -3408-050-00-1 PendingAbdolreza Feizi $1,632,000 Pending VOID 100020 07/15/22 05/03/24946 -3408-050-00-2 PendingAbdolreza Feizi $1,632,000 Pending PENDING WITH 1604(C) 100029 07/20/22 02/22/2400-373229-00-002-1 WithdrawnSorrento Networks International Inc $539,055 Withdrawn WITHDRAWAL/ADMIN 100035 07/21/22 05/06/2400-402257-00-001-1 $35,372Jj Heating And Air Conditioning Co. $88,000 $-52,628 Stipulated 100042 07/23/22 03/03/2300-400166-00-001-1 WithdrawnAp Ventures Llc $130,806 Withdrawn WITHDRAWAL/ADMIN 100076 07/29/22 07/29/22946 -3327-019-00 PendingKimberly Annicchero $832,371 Pending Pending Processing 100137 08/08/22 04/19/2300-403550-00-001-1 $0Janim Systems Inc $22,000 $0 STIPULATED/ADMIN 100138 08/08/22 04/03/2300-401718-00-001-1 $2,093Noetic Information Systems, Llc $166,549 $-164,456 Stipulated 100138 08/08/22 08/22/2200-401718-00-001-2 PendingNoetic Information Systems, Llc $166,549 Pending LEGAL - ISSUE REJECTED 100155 08/11/22 11/30/2200-399712-00-002-1 $0Viamontech Inc $166,549 $0 STIPULATED/ADMIN 100186 08/15/22 04/26/2300-009846-00-001-1 WithdrawnHumangood Norcal $641,700 Withdrawn Withdrawn 100191 08/16/22 10/02/24946 -1697-001-00-1 Quentin Bammer $1,050,000 $0 DENIED FOR NONAPPEARANCE 100253 08/23/22 05/20/2400-401056-00-001-1 $7,661United Techno Solutions Inc $550,000 $-542,339 Stipulated This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 20 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2022 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
100254 08/24/22 04/03/2300-402388-00-001-1 $950Hill Mortgage Inc $22,000 $-21,050 Stipulated 100296 08/31/22 05/29/24941 -2811-022-00-1 Qingwen Yan $2,154,897 $0 DENIED FOR NONAPPEARANCE 100297 08/31/22 04/08/24941 -1201-057-02-1 $27,500,000Wh Pleasanton Hotel Lp $29,000,000 $-1,500,000 HEARD 100302 09/01/22 10/16/2300-401392-00-001-1 $7,001Prime Rehabilitation Services $25,958 $-18,957 Stipulated 100308 09/02/22 11/08/23946 -1122-011-00-1 WithdrawnKalyanjit Ghosh $1,497,870 Withdrawn Withdrawn 100361 09/09/22 11/15/23941 -1311-039-00-1 WithdrawnBay Club Pleasanton, Llc $15,781,170 Withdrawn Withdrawn 100383 09/12/22 11/15/23941 -1311-036-03-1 WithdrawnBay Club Pleasanton, Llc $4,989,591 Withdrawn Withdrawn 100392 09/12/22 11/15/23094 -0155-029-00-1 WithdrawnMichael Carey $1,249,499 Withdrawn Withdrawn 100396 09/12/22 09/23/2400-390233-00-001-1 WithdrawnBay Club Pleasanton, Llc $1,907,132 Withdrawn Withdrawn 100424 09/13/22 03/06/2400-334271-00-069-1 PendingTesla Inc $361,009 Pending PENDING WITH 1604(C) 100476 09/13/22 07/10/24941 -2771-017-00-1 $65,000,000State Compensation Insurance Fund $83,454,415 $-18,454,415 Stipulated 100477 09/13/22 07/10/24941 -2780-034-00-1 $44,000,000Gap Inc. $45,552,892 $-1,552,892 Stipulated 100481 09/14/22 09/18/24946 -4542-053-00-1 PendingCp Iv Vintage Llc $7,247,993 Pending New agenda item 100483 09/14/22 02/17/23947 -0013-005-00-1 Pleasanton Retail Owner Inc C/O Cvs $7,774,479 $0 DUPLICATE (REJECTED) 100487 09/14/22 01/09/24941 -2766-020-00-1 Ajit Ramalingam $408,000 $0 DENIED FOR NONAPPEARANCE 100487 09/14/22 09/14/22941 -2766-020-00 PendingAjit Ramalingam Pending Pending Processing 100488 09/14/22 08/07/24941 -2766-019-00-1 Ajit Ramalingam $2,652,000 $0 DENIED FOR NONAPPEARANCE 100488 09/14/22 09/14/22941 -2766-019-00 PendingAjit Ramalingam $2,652,000 Pending Pending Processing 100495 09/14/22 11/04/2400-359462-00-002-1 PendingPleasanton Diagnostic Imaging Inc $1,827,080 Pending New agenda item 100501 09/14/22 10/11/23946 -1100-036-00-1 WithdrawnCentro Np Rose Pavilion Lp C/O Cvs As Lessee$14,437,820 Withdrawn Withdrawn 100520 09/14/22 11/28/23950 -0018-032-00-1 WithdrawnSivanath Murali O & Murali Shanthi P Trs $2,244,000 Withdrawn Withdrawn 100520 09/14/22 11/28/23950 -0018-032-00-2 WithdrawnSivanath Murali O & Murali Shanthi P Trs $2,244,000 Withdrawn Withdrawn 100526 09/14/22 09/14/2283850100 PendingMichael Carey $1,225,000 Pending Pending Processing 100562 09/14/22 07/17/24941 -2763-029-00-1 $97,250,000Ev 4225 Llc $99,195,000 $-1,945,000 Stipulated 100565 09/14/22 12/28/23949 -0017-024-00-1 $2,600,000Kevin Lam $2,710,003 $-110,003 HEARD 100571 09/15/22 11/20/24941 -1201-095-00-1 WithdrawnStoneridge S & S Llc $48,248,550 Withdrawn Withdrawn 100572 09/15/22 11/20/24941 -1201-094-03-1 PendingStoneridge Properties Llc C/O Simon Property Group$279,410,518 Pending Reset 100573 09/15/22 07/31/24941 -2778-009-00-1 WithdrawnKaiser Foundation Hospitals $97,890,962 Withdrawn Withdrawn 100575 09/15/22 12/09/24941 -2778-004-01-1 $156,000,000Kaiser Foundation Health Plan Inc $188,747,724 $-32,747,724 Stipulated 100595 09/15/22 03/06/24947 -0013-007-00-1 $4,024,533Pleasanton Retail Owner Inc $5,082,420 $-1,057,887 STIPULATED/ADMIN 100596 09/15/22 03/06/24947 -0013-006-00-1 $6,400,442Pleasanton Retail Owner Inc $8,832,238 $-2,431,796 STIPULATED/ADMIN 100597 09/15/22 01/08/24947 -0013-005-00-1 WithdrawnPleasanton Retail Owner Inc $7,774,479 Withdrawn WITHDRAWAL/ADMIN 100598 09/15/22 01/08/24947 -0013-004-00-1 WithdrawnPleasanton Retail Owner Inc $24,745,125 Withdrawn WITHDRAWAL/ADMIN 100599 09/15/22 03/06/24947 -0013-003-01-1 $3,490,164Pleasanton Retail Owner Inc $4,560,254 $-1,070,090 STIPULATED/ADMIN 100601 09/15/22 01/08/24947 -0013-002-03-1 WithdrawnPleasanton Retail Owner Inc $3,284,250 Withdrawn WITHDRAWAL/ADMIN 100602 09/15/22 03/06/24947 -0013-001-02-1 $4,582,501Pleasanton Retail Owner Inc $5,715,050 $-1,132,549 STIPULATED/ADMIN 100603 09/15/22 03/06/24947 -0013-010-00-1 $6,481,719Pleasanton Retail Owner Inc $8,145,797 $-1,664,078 STIPULATED/ADMIN 100609 09/15/22 03/06/24947 -0013-008-00-1 $5,954,087Pleasanton Retail Owner Inc $7,797,685 $-1,843,598 STIPULATED/ADMIN 100626 09/15/22 11/21/23941 -2759-044-00-1 PendingHhlp Pleasanton Associates Llc $48,462,988 Pending PENDING WITH 1604(C) 100628 09/15/22 12/20/23094 -0156-020-01-1 Withdrawn337 Pleasanton Investors Llc $4,320,566 Withdrawn Withdrawn 100628 09/17/22 03/30/23094 -0156-002-00-1 Pending337 Pleasanton Investors Llc $1,092,031 Pending PENDING ASSESSOR EVALUATION 100635 09/15/22 03/06/24947 -0013-009-00-1 $8,762,701Pleasanton Retail Owner Inc $10,924,596 $-2,161,895 STIPULATED/ADMIN 100679 09/15/22 01/04/24947 -0005-004-34-1 PendingApplera Corporation $7,566,093 Pending PENDING WITH 1604(C) This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 21 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2022 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
100699 09/15/22 09/08/23947 -0005-004-41-1 PendingApplera Corporation $38,224,133 Pending PENDING WITH 1604(C) 100700 09/15/22 09/08/23947 -0005-004-40-1 PendingApplera Corporation $25,070,176 Pending PENDING WITH 1604(C) 100701 09/15/22 09/08/23947 -0005-004-39-1 PendingApplera Corporation $2,813,872 Pending PENDING WITH 1604(C) 100725 09/15/22 02/29/24950 -0020-002-00-1 WithdrawnCf Arcis Ix Llc $664,194 Withdrawn WITHDRAWAL/ADMIN 100726 09/15/22 02/29/24950 -0020-001-00-1 WithdrawnCf Arcis Ix Llc $4,863,554 Withdrawn WITHDRAWAL/ADMIN 100727 09/15/22 02/29/24950 -0010-009-00-1 WithdrawnCf Arcis Ix Llc $438,945 Withdrawn WITHDRAWAL/ADMIN 100728 09/15/22 02/29/24950 -0010-005-04-1 WithdrawnCf Arcis Ix Llc $34,653 Withdrawn WITHDRAWAL/ADMIN 100729 09/15/22 02/29/24950 -0010-004-16-1 WithdrawnCf Arcis Ix Llc $1,155,120 Withdrawn WITHDRAWAL/ADMIN 100730 09/15/22 02/29/24950 -0010-003-03-1 WithdrawnCf Arcis Ix Llc $231,024 Withdrawn WITHDRAWAL/ADMIN 100731 09/15/22 02/29/24950 -0010-002-06-1 WithdrawnCf Arcis Ix Llc $4,556,679 Withdrawn WITHDRAWAL/ADMIN 100732 09/15/22 02/29/24950 -0010-001-00-1 WithdrawnCf Arcis Ix Llc $1,703,802 Withdrawn WITHDRAWAL/ADMIN 100766 09/15/22 09/23/2400-272506-00-019-1 WithdrawnChipotle Mexican Grill $73,455 Withdrawn WITHDRAWAL/ADMIN 100766 09/17/22 03/30/23946 -4557-029-02-1 PendingChipotle Mexican Grill $296,459 Pending PENDING ASSESSOR EVALUATION 100808 09/21/22 02/27/2300-401718-00-001-1 Noetic Information Systems, Llc $166,549 $0 DUPLICATE (REJECTED) 101005 05/26/23 05/26/23946 -1127-028-01 PendingTim Hoang $1,332,129 Pending Pending Processing 1035 09/14/22 02/22/24941 -1301-018-02-1 Khatri Brother Lp $6,661,109 $0 DENIED FOR NONAPPEARANCE 11 07/12/22 07/01/24941 -2759-024-00-1 $13,000,000Willow Ridge V Llc $14,500,000 $-1,500,000 STIPULATED/ADMIN 1103 09/15/22 10/16/2300-333310-00-000-1 WithdrawnCarl Zeiss Meditec Inc $7,836,160 Withdrawn WITHDRAWAL/ADMIN 1105 09/15/22 05/10/23950 -0019-021-00-1 WithdrawnSingh Amanpreet & Kaur Harkirat Trs $1,891,978 Withdrawn WITHDRAWAL/ADMIN 1110 09/15/22 07/22/2400-001436-00-009-1 WithdrawnClorox Services Company $44,462,000 Withdrawn Withdrawn 1113 09/15/22 08/07/24941 -1301-080-00-1 PendingClorox Services Company (Lessee) $63,081,525 Pending Reset 1114 09/15/22 08/07/24941 -1301-079-00-1 PendingClorox Services Company (Lessee) $63,626,151 Pending Reset 112 08/02/22 05/17/23941 -0550-024-00-1 WithdrawnMjq Dublin Llc $127,520 Withdrawn Withdrawn 1130 09/15/22 04/04/2301-255596-00-007-8 PendingDirectv Llc $120,163 Pending VOID 114 08/02/22 05/17/23941 -0550-030-00-1 WithdrawnMjq Dublin Llc $159,477 Withdrawn Withdrawn 1142 09/15/22 04/17/24946 -4550-018-02-1 PendingSh 10 Pleasanton Llc $8,603,826 Pending PENDING ASSESSOR EVALUATION 1143 09/15/22 10/14/2400-359116-00-000-1 WithdrawnPepsico Inc $620,321 Withdrawn Withdrawn 1146 09/15/22 02/07/23947 -0005-004-34-1 Applera Corporation $7,566,093 $0 DUPLICATE (REJECTED) 1147 09/15/22 02/07/23947 -0005-004-39-1 Applera Corporation $2,813,872 $0 DUPLICATE (REJECTED) 1148 09/15/22 02/07/23947 -0005-004-40-1 Applera Corporation $25,070,176 $0 DUPLICATE (REJECTED) 1149 09/15/22 02/07/23947 -0005-004-41-1 Applera Corporation $38,224,133 $0 DUPLICATE (REJECTED) 1150 09/15/22 07/29/2400-114955-00-001-1 PendingApplied Biosystems Llc $68,905,600 Pending Reset 118 08/02/22 12/21/22950 -0027-009-00-1 WithdrawnTai K Lan $3,669,830 Withdrawn WITHDRAWAL/ADMIN 1235 09/15/22 08/09/23946 -4601-001-01-1 WithdrawnSong Qingyun & Qiao Hua Tr $1,895,000 Withdrawn Withdrawn 124 08/09/22 06/26/23946 -4050-068-00-1 WithdrawnMazyar & Maryam Trs Sehrgosha $3,283,524 Withdrawn WITHDRAWAL/ADMIN 1268 12/29/22 01/25/23946 -3408-050-00-1 Abdolreza Feizi $1,632,000 $0 REJECTED UNTIMELY 1269 07/29/22 04/27/2321-363240-00-000-1 Richard Jones $48,800 $0 REJECTED 1285 07/29/22 11/08/23950 -0027-032-00-1 WithdrawnKhoury Sami & Suad Trs $3,713,070 Withdrawn Withdrawn 1308 04/10/23 09/30/24948 -0010-068-00-2 Carol Wyatt $584,056 $0 REJECTED 1338 09/15/22 06/26/2301-255596-00-007-1 WithdrawnDirectv Llc $120,163 Withdrawn WITHDRAWAL/ADMIN 171 08/11/22 07/22/24941 -1201-092-00-1 $16,000,000Nordstrom Inc C/O Tax Dept $39,219,256 $-23,219,256 STIPULATED/ADMIN 212 08/18/22 11/30/22946 -4593-015-00-1 WithdrawnRamesh & Promila Trs Sood $2,201,769 Withdrawn WITHDRAWAL/ADMIN 214 08/18/22 05/24/23946 -1680-019-00-1 WithdrawnTaylor Commercial Properties Inc $2,222,354 Withdrawn Withdrawn This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 22 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2022 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
275 08/22/22 08/16/23946 -4597-004-00-1 WithdrawnMostafa & Ghanem Hoda Trs Shalaby $2,550,000 Withdrawn Withdrawn 280 08/22/22 08/16/23950 -0012-016-00-1 WithdrawnNasir & Joseph Delauna E Trs/ Joseph N.J. & D.E. Javaid$3,606,960 Withdrawn Withdrawn 287 08/22/22 08/23/23094 -0107-014-00-1 Withdrawn608 Main Llc $1,822,100 Withdrawn Withdrawn 287 08/22/22 08/23/23094 -0107-014-00-2 Withdrawn608 Main Llc $1,822,100 Withdrawn Withdrawn 312 08/30/22 11/30/22950 -0028-022-00-1 WithdrawnRamesh & Gita R Patel $3,280,674 Withdrawn WITHDRAWAL/ADMIN 334 08/31/22 01/24/24941 -1315-004-00-1 $23,000,000Ll Pleasanton Lp $26,137,756 $-3,137,756 Stipulated 340 09/01/22 12/21/22949 -0004-015-00-1 WithdrawnBrien & Tamara L Trs Traynor $2,559,835 Withdrawn WITHDRAWAL/ADMIN 342 09/01/22 02/26/2400-256344-00-016-1 $729,821Spectrasite Communications Inc Ca $918,902 $-189,081 STIPULATED/ADMIN 350 09/02/22 06/21/23941 -1201-048-00-1 WithdrawnTriuam Partners Llc $16,951,265 Withdrawn Withdrawn 359 08/07/22 07/03/24941 -2771-029-00-1 WithdrawnWestmar Ii Lp & Bindi Family Properties Lp Etal$23,400,673 Withdrawn Withdrawn 360 09/07/22 09/09/22946 -3408-050-00-1 Abdolreza & Nader Arvin Feizi $1,632,000 $0 DUPLICATE (REJECTED) 362 09/06/22 07/03/24941 -1201-029-00-1 $20,000,000Ctl Propco I Llc $40,800,000 $-20,800,000 Stipulated 365 09/07/22 05/24/23094 -0198-001-05-1 WithdrawnPaul L & Helga A Trs Hulme $7,799,441 Withdrawn Withdrawn 378 08/15/22 12/21/22950 -0015-012-00-1 WithdrawnSunil K & Ektaa Trs Verma $2,244,815 Withdrawn WITHDRAWAL/ADMIN 414 09/07/22 04/19/2308-002674-00-014-1 WithdrawnUnion Bank #161 $0 Withdrawn WITHDRAWAL/ADMIN 416 09/07/22 05/24/23941 -1311-037-05-1 WithdrawnPacific Pearl Hotels Llc $33,681,286 Withdrawn Withdrawn 422 09/07/22 10/17/22941 -2771-029-00-1 24 Hour Fitness Usa, Inc As Lessee $23,400,673 $0 DUPLICATE (REJECTED) 427 09/08/22 12/21/22946 -4591-027-00-1 WithdrawnNeil A & Savita Tolani Trs $3,265,020 Withdrawn WITHDRAWAL/ADMIN 476 09/09/22 07/17/24941 -2779-010-00-1 WithdrawnOak Owens 20172020 Llc $239,590,000 Withdrawn Withdrawn 477 09/09/22 07/24/24946 -1101-034-00-1 $83,920,000Imt Capital Iv Pleasanton Llc $86,564,375 $-2,644,375 Stipulated 478 09/09/22 08/20/24941 -2764-012-01-1 WithdrawnGsic Ii Stoneridge Owner Lp $171,700,000 Withdrawn Withdrawn 56789 12/12/22 04/17/24946 -3327-019-00-1 PendingTest $945,812 Pending VOID 618 09/13/22 04/17/2400-290707-00-002-1 PendingKohl'S Department Store Inc $711,008 Pending PENDING WITH 1604(C) 638 09/13/22 10/11/2301-215602-00-009-1 WithdrawnChep Usa $110,209 Withdrawn Withdrawn 64 07/26/22 03/06/24941 -2759-041-00-1 WithdrawnOllagnier Lp C/O Us Postal Svc $4,100,000 Withdrawn Withdrawn 683 09/13/22 11/13/24941 -1201-090-00-1 Pending6200 Stoneridge Mall Road Investors Llc $1,929,941 Pending Reset 684 09/13/22 11/13/24941 -1201-096-00-1 Pending6200 Stoneridge Mall Road Investors Llc $55,786,471 Pending Reset 685 09/13/22 11/13/24941 -1201-097-00-1 Pending6200 Stoneridge Mall Road Investors Llc $55,696,050 Pending Reset 686 09/13/22 11/13/24941 -1201-098-00-1 Pending6200 Stoneridge Mall Road Investors Llc $55,696,050 Pending Reset 687 09/13/22 11/13/24941 -1201-099-00-1 Pending6200 Stoneridge Mall Road Investors Llc $55,696,050 Pending Reset 691 09/13/22 12/13/23941 -2759-027-00-1 PendingCmp I Pleasanton Owner Lp $39,370,680 Pending Reset 694 09/13/22 02/14/24941 -2771-010-00-1 PendingW2005 New Century Hotel Portfolio Lp $4,746,584 Pending Reset 695 09/13/22 02/14/24941 -2771-009-00-1 PendingHci-Cre Silverplate Jv Lp $32,243,969 Pending Reset 709 09/13/22 03/07/2301-394406-00-013-1 PendingTesla Energy Operations Inc $2,845,730 Pending PENDING WITH 1604(C) 728 09/12/22 06/14/23949 -0004-018-00-1 WithdrawnSekhar R & Biddala Mrudula Reddy $2,346,000 Withdrawn Withdrawn 73 07/28/22 03/06/24947 -0004-002-14-1 WithdrawnStephen A Kalthoff Revocable Trust $3,672,000 Withdrawn Withdrawn 737 09/13/22 10/07/2400-349016-00-002-1 WithdrawnGarfield Beach Cvs Llc $205,467 Withdrawn WITHDRAWAL/ADMIN 741 09/13/22 10/07/2400-349016-00-017-1 WithdrawnGarfield Beach Cvs Llc $304,122 Withdrawn WITHDRAWAL/ADMIN 752 09/13/22 12/04/2300-005550-00-001-1 PendingLongs Drug Stores California Llc $543,597 Pending Reset 850 09/14/22 07/01/2400-018841-00-003-1 WithdrawnMacys Retail Holdings Llc $3,439,580 Withdrawn Withdrawn 853 09/14/22 07/01/2400-018841-00-010-1 WithdrawnMacys Retail Holdings, Llc $106,994 Withdrawn Withdrawn 856 09/14/22 07/01/2400-018841-00-013-1 WithdrawnMacys Retail Holdings, Llc $773,054 Withdrawn Withdrawn 875 09/14/22 04/08/2400-324898-00-004-1 WithdrawnWorkday Inc $77,469,700 Withdrawn WITHDRAWAL/ADMIN This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 23 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2022 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
883 09/14/22 03/20/2400-000488-00-010-1 PendingSafeway Inc $2,946,600 Pending PENDING WITH 1604(C) 899 09/14/22 03/20/2400-000488-00-072-1 PendingSafeway Inc $2,918,650 Pending PENDING WITH 1604(C) 915 09/16/22 07/05/23941 -1201-100-00-1 PendingSafeway Stores Inc #9946 $6,215,488 Pending PENDING ASSESSOR EVALUATION 916 09/14/22 05/07/2400-272559-00-002-1 WithdrawnSafeway Stores Inc #9953 $4,253,996 Withdrawn Withdrawn 928 09/14/22 05/07/2402-372846-00-005-1 PendingBloom Energy Corporation $1,274,040 Pending PENDING WITH 1604(C) 93022 11/01/22 10/27/23941 -2762-011-01-1 Lozano Smith Atty At Law $0 $0 CANCELLATION OF TAXES FINAL 950 09/14/22 07/26/2300-228105-00-002-1 WithdrawnRadnet Management Inc $788,930 Withdrawn Withdrawn 962 09/13/22 01/22/2400-302780-00-000-2 WithdrawnBlackhawk Network Inc $10,327,420 Withdrawn WITHDRAWAL/ADMIN 2022 Totals Appeals Allowed Value Decline: 16.9%25 $714,010,870 $593,349,045 $-120,661,825 Appeals Denied 19 $122,027,386
Appeals Pending40 $945,748,386
Appeals Withdrawn67 $940,022,808
$2,721,809,450 $-120,661,825$593,349,045 151 Appeals
2023 Parcel Appeals
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
100043 07/05/23 08/07/24946 -4561-048-00-2 Mahipal Rathore $2,645,000 $0 DENIED FOR NONAPPEARANCE 100043 07/05/23 08/07/24946 -4561-048-00-3 Mahipal Rathore $2,645,000 $0 DENIED FOR NONAPPEARANCE 100131 07/11/23 01/06/25946 -3319-109-00-1 Naveen Kodali $1,586,610 $0 STIPULATED/ADMIN 100189 07/13/23 03/22/24946 -4571-054-00-1 WithdrawnKumar Deepak Syam Kallakuri $2,668,000 Withdrawn WITHDRAWAL/ADMIN 100189 07/13/23 01/09/24946 -4571-054-00-2 PendingKumar Deepak Syam Kallakuri $2,668,000 Pending PENDING ASSESSOR EVALUATION 100192 07/13/23 03/04/24948 -0022-012-00-1 WithdrawnJingliang Li $3,460,000 Withdrawn WITHDRAWAL/ADMIN 100216 07/14/23 08/14/24946 -2554-064-00-1 WithdrawnRajiv Dayal $1,862,315 Withdrawn Withdrawn 100218 07/14/23 08/02/23946 -4567-073-00-1 PendingSumit Agarwal $3,187,500 Pending PENDING ASSESSOR EVALUATION 100221 07/15/23 08/02/23941 -1052-102-00-1 PendingVeerendra Gupta $1,160,250 Pending PENDING ASSESSOR EVALUATION 100246 07/16/23 02/05/25941 -2805-039-00-1 PendingSameer Bhandula $1,446,155 Pending New agenda item 100270 07/17/23 01/06/25941 -1046-062-00-1 Hansong Zhang $1,654,000 $0 STIPULATED/ADMIN 100279 07/18/23 04/17/24946 -4598-001-00-1 $6,500,000Blacklab Llc $6,732,000 $-232,000 Stipulated 100282 07/18/23 10/14/24941 -1601-009-00-1 $630,000Guy Houston $720,936 $-90,936 STIPULATED/ADMIN 100283 07/18/23 10/14/24941 -1601-026-00-1 $630,000Guy Houston $691,152 $-61,152 STIPULATED/ADMIN 100288 07/19/23 12/18/24094 -0221-039-00-1 Manish Pandya $1,377,000 $0 STIPULATED/ADMIN 100295 07/19/23 10/09/23946 -1113-048-00-2 PendingLisa Fontillas Pending LEGAL APPEAL/ISSUE 100344 07/24/23 10/30/23946 -4564-169-00-1 PendingKirti Kansal $2,279,700 Pending PENDING ASSESSOR EVALUATION 100345 07/24/23 10/30/23946 -4564-099-00-1 PendingKirti Kansal $920,000 Pending PENDING ASSESSOR EVALUATION 100351 07/24/23 01/29/25941 -1201-054-00-1 PendingEci Four 7901 Stoneridge Llc $40,961,160 Pending New agenda item 100415 07/29/23 08/09/23941 -1803-083-00-1 PendingYe Zhang $2,448,000 Pending PENDING ASSESSOR EVALUATION 100453 08/01/23 01/08/2400-408265-00-001-1 WithdrawnQpos Inc. Dba Minuteman Press $851,368 Withdrawn WITHDRAWAL/ADMIN 100467 08/02/23 10/09/24941 -1712-010-00-2 PendingDavid Selinger $1,915,315 Pending PENDING ASSESSOR EVALUATION 100522 08/08/23 01/08/25941 -2803-040-00-1 Saurabh Jamkhindikar $1,122,000 $0 STIPULATED/ADMIN 100530 08/09/23 08/15/23950 -0016-026-00-1 PendingVasantha Vemula $4,040,000 Pending PENDING ASSESSOR EVALUATION This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 24 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2023 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
100532 08/09/23 08/28/24941 -1310-144-00-1 Sandeep Sambaraju $1,616,700 $0 DENIED FOR NONAPPEARANCE 100541 08/11/23 12/06/23946 -4539-016-00-1 WithdrawnShivang Patwa $2,958,000 Withdrawn WITHDRAWAL/ADMIN 100579 08/15/23 01/08/25946 -1113-017-00-1 Keji Pan $2,432,700 $0 STIPULATED/ADMIN 100630 08/17/23 11/30/23094 -0014-046-00-1 PendingHeidi Kalnicky $1,311,720 Pending PENDING ASSESSOR EVALUATION 100655 08/21/23 10/23/24941 -1049-044-00-1 PendingShuang Liang $1,987,000 Pending New agenda item 100689 08/24/23 08/19/2400-401708-00-001-1 $53,268314E Corporation $512,740 $-459,472 STIPULATED/ADMIN 100720 08/27/23 12/18/24941 -2804-019-00-1 Kaushal Chari $1,800,300 $0 STIPULATED/ADMIN 100736 08/28/23 01/24/24941 -1201-057-02-1 PendingWh Pleasanton Hotel Lp $34,600,000 Pending PREHEARING CANCELLED 100749 08/29/23 12/18/24941 -1307-119-00-1 Yi Wang $1,242,000 $0 STIPULATED/ADMIN 100757 08/29/23 06/07/24946 -4565-040-00-1 PendingStanislav Neyman $1,270,000 Pending ADMIN/REJECTIONS 100766 08/30/23 12/18/23950 -0021-008-00-1 PendingNishi Kant $3,752,664 Pending PENDING ASSESSOR EVALUATION 100779 08/31/23 03/25/24946 -3410-005-00-1 WithdrawnWei Fan $900,000 Withdrawn WITHDRAWAL/ADMIN 100787 08/31/23 08/26/24941 -1201-029-00-1 PendingPenney Project Llc $40,000,000 Pending PENDING ASSESSOR EVALUATION 100791 08/31/23 12/11/24941 -1311-036-03-1 WithdrawnBay Club Pleasanton, Llc $5,089,351 Withdrawn Withdrawn 100792 08/31/23 12/11/24941 -1311-039-00-1 WithdrawnBay Club Pleasanton, Llc $16,096,771 Withdrawn Withdrawn 100826 09/02/23 06/05/24094 -0015-005-00-1 WithdrawnRobert Wensing $1,042,276 Withdrawn Withdrawn 100841 09/04/23 10/02/24946 -1126-068-00-1 PendingPraveenkumar Ramakrishnan $1,300,000 Pending PREHEARING CANCELLED 100855 09/05/23 10/23/24949 -0017-024-00-1 PendingKevin Lam $2,764,195 Pending PREHEARING CANCELLED 100918 09/07/23 01/25/2405-016615-00-031-1 PendingComcast Corp $35,577,792 Pending PENDING ASSESSOR EVALUATION 100941 09/07/23 01/17/2405-016615-00-012-1 PendingComcast Corp $1,983,770 Pending PENDING ASSESSOR EVALUATION 101048 09/09/23 03/06/2400-334271-00-069-1 PendingTesla Inc $364,716 Pending PENDING WITH 1604(C) 101066 09/09/23 12/28/23946 -3329-040-00-1 PendingParag Manjrekar $1,971,000 Pending PENDING ASSESSOR EVALUATION 101123 09/11/23 09/10/24946 -1109-106-00-1 Prashantkumar Javiya $1,050,000 $0 REJECTED 101182 09/12/23 01/31/24946 -4563-178-00-1 PendingSrikanth Dasaka $2,100,000 Pending PENDING ASSESSOR EVALUATION 101185 09/12/23 02/06/24948 -0020-018-01-1 PendingVinay And Praveen L Trs Karamsetty $3,533,000 Pending PENDING ASSESSOR EVALUATION 101193 09/12/23 01/08/25946 -1107-063-00-1 Sanjeev Gupta $1,650,000 $0 STIPULATED/ADMIN 101229 09/13/23 01/08/25941 -2764-012-01-1 PendingGs Springhouse Llc $175,134,000 Pending New agenda item 101250 09/13/23 07/10/24946 -1101-034-00-1 PendingImt Capital Iv Pleasanton Llc $88,295,382 Pending PREHEARING CANCELLED 101251 09/13/23 02/06/24946 -1101-034-00-1 Imt Capital Iv Pleasanton Llc $88,295,382 $0 DUPLICATE (REJECTED) 101256 09/13/23 02/07/24948 -0024-020-00-1 PendingShuming Yao $3,300,000 Pending PENDING ASSESSOR EVALUATION 101348 09/14/23 08/21/24947 -0013-009-00-1 PendingInc Pleasanton Retail Owner $11,143,020 Pending PREHEARING CANCELLED 101350 09/14/23 08/21/24947 -0013-008-00-1 PendingPleasanton Retail Owner Inc $7,953,589 Pending PREHEARING CANCELLED 101351 09/14/23 08/21/24947 -0013-007-00-1 PendingPleasanton Retail Owner Inc $5,184,036 Pending PREHEARING CANCELLED 101352 09/14/23 08/21/24947 -0013-006-00-1 PendingPleasanton Retail Owner Inc $9,008,828 Pending PREHEARING CANCELLED 101353 09/14/23 08/21/24947 -0013-005-00-1 PendingPleasanton Retail Owner Inc $7,929,919 Pending PREHEARING CANCELLED 101354 09/14/23 12/18/24947 -0005-004-41-1 PendingApplera Corporation $38,988,544 Pending PREHEARING CANCELLED 101355 09/14/23 12/18/24947 -0005-004-40-1 PendingApplera Corporation $25,571,527 Pending PREHEARING CANCELLED 101356 09/14/23 08/21/24947 -0013-004-00-1 PendingPleasanton Retail Owner Inc $25,240,027 Pending PREHEARING CANCELLED 101357 09/14/23 12/18/24947 -0005-004-39-1 PendingApplera Corporation $2,870,143 Pending PREHEARING CANCELLED 101358 09/14/23 12/18/24947 -0005-004-34-1 PendingApplera Corporation $7,717,399 Pending PREHEARING CANCELLED 101359 09/14/23 08/21/24947 -0013-003-01-1 PendingPleasanton Retail Owner Inc $4,651,430 Pending PREHEARING CANCELLED 101360 09/14/23 08/21/24947 -0013-002-03-1 PendingPleasanton Retail Owner Inc $3,349,934 Pending PREHEARING CANCELLED 101361 09/14/23 08/21/24947 -0013-010-00-1 PendingPleasanton Retail Owner Inc $8,308,661 Pending PREHEARING CANCELLED This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 25 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2023 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
101371 09/14/23 08/21/24941 -2779-008-00-1 PendingCentro Np Metro 580 Sc Lp $3,850,540 Pending PREHEARING CANCELLED 101373 09/14/23 08/21/24941 -2779-009-00-1 PendingCentro Np Metro 580 Sc Lp $42,333,136 Pending PREHEARING CANCELLED 101531 09/14/23 08/28/24941 -1201-095-00-1 Stoneridge S & S Llc C/O Simon Property Group$49,213,350 $0 DENIED FOR NONAPPEARANCE 101532 09/14/23 10/30/24941 -1201-094-03-1 PendingSimon Property Group $285,685,553 Pending PREHEARING CANCELLED 101629 09/14/23 08/28/24946 -1250-019-06-1 PendingAmazon $76,500,000 Pending PREHEARING CANCELLED 101654 09/14/23 11/20/24941 -2778-003-05-1 PendingPeoplesoft Properties Inc $149,021,820 Pending PREHEARING CANCELLED 101660 09/14/23 10/07/2400-013421-00-005-1 WithdrawnThoratec Corporation $1,289,403 Withdrawn Withdrawn 101673 09/14/23 08/05/24946 -3404-020-00-1 WithdrawnKrishnan Raman $2,250,000 Withdrawn WITHDRAWAL/ADMIN 101678 09/14/23 04/24/24949 -0003-036-00-1 PendingIda Jennings $521,445 Pending LEGAL - DUPLICATE REJ 101702 09/14/23 03/25/2400-397423-00-001-1 PendingSnowflake Usa Inc $137,375 Pending PENDING ASSESSOR EVALUATION 101702 09/14/23 03/25/24946 -4623-002-00-1 PendingSnowflake Usa Inc $46,073,026 Pending PENDING ASSESSOR EVALUATION 101711 09/14/23 10/02/24941 -2763-029-00-1 PendingEv 4225 Llc $101,178,900 Pending PREHEARING CANCELLED 101712 09/14/23 10/02/24941 -2771-017-00-1 PendingState Compensation Insurance Fund $85,123,259 Pending PREHEARING CANCELLED 101713 09/14/23 10/02/24941 -2780-034-00-1 PendingGap Inc $46,463,950 Pending PREHEARING CANCELLED 101725 09/14/23 10/14/24941 -2823-007-00-1 PendingAndrea Orourke $610,980 Pending PENDING ASSESSOR EVALUATION 101763 09/15/23 02/26/24950 -0027-022-00-1 PendingFabexchange Inc $4,228,420 Pending PENDING ASSESSOR EVALUATION 101805 09/15/23 02/05/25941 -2759-044-00-1 PendingHhlp Pleasanton Associates, Llc $49,432,076 Pending New agenda item 101840 09/15/23 10/09/24947 -0013-001-02-1 PendingPleasanton Retail Owner Inc $5,829,316 Pending PREHEARING CANCELLED 101861 09/15/23 10/09/24941 -1700-006-03-1 PendingSafeway Inc $39,044,070 Pending PREHEARING CANCELLED 101862 09/15/23 10/09/24941 -1201-103-02-1 PendingSafeway Inc $7,730,380 Pending Reset 101863 09/15/23 10/09/24941 -1201-100-00-1 PendingSafeway Inc $24,489,180 Pending Reset 101864 09/15/23 10/09/24941 -2819-005-02-1 PendingVons Reit Inc $1,210,441 Pending PREHEARING CANCELLED 101865 09/15/23 10/09/24941 -2819-005-01-1 PendingSafeway Inc $2,535,554 Pending PREHEARING CANCELLED 101874 09/15/23 10/09/24941 -2779-010-00-1 PendingOak Owens 20172020 Llc $263,133,918 Pending PREHEARING CANCELLED 101877 09/15/23 04/24/24946 -1144-002-00-1 PendingStore Master Funding X Llc $9,381,691 Pending PREHEARING CANCELLED 101902 09/15/23 12/28/23946 -1101-039-00-1 PendingPleasanton Partners Llc $6,100,000 Pending PENDING ASSESSOR EVALUATION 102020 09/15/23 10/16/24946 -4557-038-00-1 PendingLlc Bernal Corporate Park Ii E $34,591,564 Pending PREHEARING CANCELLED 102025 09/15/23 10/16/24946 -4557-040-00-1 PendingLlc Sycamore Plaza I A $40,080,651 Pending PREHEARING CANCELLED 102026 09/15/23 05/10/24946 -4557-039-00-1 PendingBernal Corporate Park I E Llc $31,657,875 Pending PENDING ASSESSOR EVALUATION 102027 09/15/23 09/18/24946 -4557-041-00-1 PendingSycamore Plaza Ii E Llc $36,611,539 Pending PREHEARING CANCELLED 102039 09/15/23 02/08/2400-324898-00-004-1 PendingWorkday Inc $94,382,670 Pending PENDING ASSESSOR EVALUATION 102050 09/15/23 01/08/25946 -4566-018-00-1 Ishan Khoche $1,300,000 $0 STIPULATED/ADMIN 102094 09/15/23 10/09/24941 -2851-048-00-1 WithdrawnWeihung Lin $1,300,500 Withdrawn Withdrawn 102109 09/15/23 02/04/24946 -3376-044-00-1 PendingRamesh Raman $1,800,000 Pending PENDING ASSESSOR EVALUATION 102115 09/15/23 01/02/24946 -3378-018-00-1 PendingKashyap Ivaturi $1,495,000 Pending PENDING ASSESSOR EVALUATION 1069 09/15/23 11/06/24094 -0156-007-03-1 PendingKdci Development Llc $8,323,200 Pending Reset 1076 09/15/23 07/10/24941 -2771-029-00-1 WithdrawnWestmar Ii Lp & Bindi Family Properties Lp Etal$23,868,608 Withdrawn WITHDRAWAL/ADMIN 1117 09/14/23 04/17/2400-290707-00-002-1 PendingKohl'S Department Store Inc $743,626 Pending PENDING WITH 1604(C) 1154 09/12/23 02/22/2402-410476-00-008-1 PendingLytx, Inc. $1,851 Pending PENDING ASSESSOR EVALUATION 1174 09/13/23 11/13/24941 -1309-035-03-1 PendingAnabi Oil Corp $4,679,619 Pending PREHEARING CANCELLED 1200 09/13/23 02/26/2401-394406-00-013-1 PendingTesla Energy Operations Inc $3,019,467 Pending PENDING ASSESSOR EVALUATION 1210 09/14/23 08/28/24941 -1301-018-02-1 Khatri Brothers Lp $6,794,246 $0 DENIED FOR NONAPPEARANCE 1214 09/14/23 03/11/2400-010425-00-002-1 PendingC/O Dma Inc. $5,055,479 Pending PENDING ASSESSOR EVALUATION This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 26 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2023 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
1224 09/14/23 10/14/2400-359116-00-000-1 WithdrawnPepsico Inc $682,353 Withdrawn Withdrawn 1301 09/14/23 11/13/24941 -2760-019-01-1 WithdrawnHir Hacienda Llc $32,548,175 Withdrawn Withdrawn 1311 09/15/23 01/24/24941 -1201-090-00-1 Pending6200 Stoneridge Mall Road Investors Llc $1,968,533 Pending Reset 1312 09/15/23 12/04/24941 -1201-096-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $56,902,029 Withdrawn Withdrawn 1313 09/15/23 12/04/24941 -1201-097-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $56,809,800 Withdrawn Withdrawn 1314 09/15/23 12/04/24941 -1201-098-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $56,809,800 Withdrawn Withdrawn 1315 09/15/23 12/04/24941 -1201-099-00-1 Withdrawn6200 Stoneridge Mall Road Investors Llc $56,809,800 Withdrawn Withdrawn 1354 09/19/23 03/05/24947 -0004-002-14-1 Katherine L Kalthoff $3,745,440 $0 REJECTED UNTIMELY 1380 09/13/23 12/04/24941 -2780-031-00-1 PendingRosewood Commons Property Owner Llc $7,537,495 Pending New agenda item 1381 09/13/23 12/04/24941 -2780-033-00-1 PendingRosewood Commons Property Owner Llc $33,773,985 Pending New agenda item 1382 09/13/23 12/04/24941 -2780-035-00-1 PendingRosewood Commons Property Owner Llc $27,083,519 Pending New agenda item 1383 09/13/23 12/04/24941 -2780-036-00-1 PendingRosewood Commons Property Owner Llc $90,868,102 Pending New agenda item 1384 09/13/23 12/04/24941 -2780-037-00-1 PendingRosewood Commons Property Owner Llc $34,974,837 Pending New agenda item 1385 09/13/23 12/04/24941 -2780-038-00-1 PendingRosewood Commons Property Owner Llc $41,097,041 Pending New agenda item 1386 09/13/23 12/04/24941 -2780-039-00-1 PendingRosewood Commons Property Owner Llc $11,032,835 Pending New agenda item 1387 09/13/23 12/04/24941 -2780-040-00-1 PendingRosewood Commons Property Owner Llc $6,862,016 Pending New agenda item 1388 09/13/23 12/04/24941 -2780-041-00-1 PendingRosewood Commons Property Owner Llc $900,639 Pending New agenda item 1389 09/13/23 12/04/24941 -2780-042-00-1 PendingRosewood Commons Property Owner Llc $2,342,735 Pending New agenda item 1390 09/13/23 12/04/24941 -2780-043-00-1 PendingRosewood Commons Property Owner Llc $14,238,262 Pending New agenda item 1396 09/13/23 05/07/2402-372846-00-005-1 PendingBloom Energy Corporation $905,643 Pending PENDING WITH 1604(C) 141 08/08/23 01/08/25946 -4571-074-00-1 Zhuoran & Song Xiang Chen $2,040,000 $0 STIPULATED/ADMIN 1414 09/13/23 02/05/24941 -1201-100-00-1 PendingSafeway Stores Inc $12,920,702 Pending PENDING ASSESSOR EVALUATION 1422 09/13/23 04/19/2400-000488-00-072-1 PendingSafeway Stores Inc $3,715,031 Pending PENDING WITH 1604(C) 1430 09/13/23 04/19/2400-000488-00-010-1 PendingSafeway Stores Inc $3,720,031 Pending PENDING WITH 1604(C) 150 08/07/23 01/31/24094 -0107-014-00-1 Withdrawn608 Main Llc $1,858,542 Withdrawn Withdrawn 151 08/07/23 08/07/24946 -4591-027-00-1 WithdrawnNeil A & Savita Trs Tolani $3,190,000 Withdrawn Withdrawn 1531 08/10/23 10/02/24946 -4597-004-00-1 WithdrawnHoda Ghanem & Mostafa Shalaby Trs $2,300,000 Withdrawn Withdrawn 1549 08/09/23 01/22/25941 -1710-003-15-1 PendingPleasant Canyon Hotelcorp $22,396,760 Pending New agenda item 1551 08/15/23 11/06/24950 -0012-024-00-1 WithdrawnRajiv & Sarika Jain $4,200,000 Withdrawn Withdrawn 1558 08/15/23 11/06/24950 -0027-002-00-1 WithdrawnKulwinder & Kaur Manjit Singh $3,217,091 Withdrawn Withdrawn 1579 07/24/23 11/06/24949 -0004-015-00-1 WithdrawnBrien & Tamara L Trs Traynor $2,611,016 Withdrawn Withdrawn 1587 09/18/23 04/01/24950 -0003-059-00-1 PendingGarrett J & Kathrine D Waters $3,289,500 Pending PENDING ASSESSOR EVALUATION 159 08/07/23 08/07/24950 -0012-016-00-1 WithdrawnNasir & Joseph Delauna E Trs Javaid $3,679,094 Withdrawn Withdrawn 1595 09/18/23 10/07/2400-397212-00-001-1 WithdrawnCafebonappetit $170,460 Withdrawn Withdrawn 1617 07/31/23 09/25/24941 -1201-029-00-1 WithdrawnCtl Proco 1 Llc C/O Jc Penney $40,000,000 Withdrawn Withdrawn 1621 09/15/23 03/28/24941 -1301-080-00-1 PendingClorox Services Company (Lessee) $64,343,155 Pending PENDING ASSESSOR EVALUATION 1644 09/15/23 04/03/24094 -0198-001-05-1 Paul L. Hulme 1976 Trust $7,955,401 $0 DUPLICATE (REJECTED) 1674 09/15/23 04/09/24947 -0005-004-34-1 Applera Corporation $7,717,399 $0 DUPLICATE (REJECTED) 1675 09/15/23 04/09/24947 -0005-004-39-1 Applera Corporation $2,870,143 $0 DUPLICATE (REJECTED) 1676 09/15/24 04/09/24947 -0005-004-40-1 Applera Corporation $25,571,527 $0 DUPLICATE (REJECTED) 1677 09/15/23 04/09/24947 -0005-004-41-1 Applera Corporation $38,988,544 $0 DUPLICATE (REJECTED) 1678 09/15/23 07/29/2400-114955-00-001-1 PendingApplera Corporation $71,558,481 Pending Reset 1689 09/15/23 10/09/24946 -1689-015-00-1 Paul Hulme $738,610 $0 DENIED FOR NONAPPEARANCE This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 27 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2023 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
1691 09/15/23 04/11/24941 -1301-079-00-1 PendingClorox Services Company (Lessee) $64,898,674 Pending PENDING ASSESSOR EVALUATION 1716 09/18/23 01/25/24941 -2762-020-00-1 Bg Hacienda Llc $3,195,639 $0 REJECTED UNTIMELY 1716 09/18/23 01/26/24941 -2762-020-00-2 Bg Hacienda Llc $3,195,639 $0 REJECTED 1718 09/15/24 04/08/2400-349016-00-002-1 PendingGarfield Beach Cvs Llc $202,286 Pending PENDING ASSESSOR EVALUATION 1722 09/14/23 04/08/2400-349016-00-017-1 PendingGarfield Beach Cvs Llc $307,293 Pending PENDING ASSESSOR EVALUATION 1733 09/14/23 04/08/2400-005550-00-001-1 PendingLongs Drug Stores California Llc $552,182 Pending PENDING ASSESSOR EVALUATION 1766 09/15/23 04/15/2400-111361-00-010-1 PendingTraders Joes Company $1,082,975 Pending PENDING ASSESSOR EVALUATION 1786 09/15/23 01/15/2500-257681-00-000-1 PendingCalifornia Pizza Kitchen Inc $371,191 Pending New agenda item 1891 09/15/23 11/06/24946 -3325-036-00-1 PendingWeiwei Wang & Yun Ching Chang $1,853,000 Pending New agenda item 192 08/09/23 04/19/24950 -0012-014-00-1 PendingPamela Tr Power Of Appointment Trust Hsiao $3,009,530 Pending PENDING ASSESSOR EVALUATION 203 08/21/23 11/13/24941 -2761-003-00-1 PendingBoehringer Mannheim Corporation $166,331,027 Pending PREHEARING CANCELLED 204 08/23/23 03/11/24941 -1315-004-00-1 $24,000,000Ll Pleasanton Lp $26,660,450 $-2,660,450 STIPULATED/ADMIN 209 08/24/23 10/27/2300-256344-00-016-1 PendingSpectrasite Communications Inc Ca $1,022,535 Pending PENDING ASSESSOR EVALUATION 218 09/07/23 02/14/24949 -0018-003-00-1 PendingVikas P Deshpande $3,050,000 Pending NEW APPEAL 289 08/22/23 04/19/24946 -2554-056-00-1 PendingH R & Monica H Trs Gavankar $1,567,000 Pending PENDING ASSESSOR EVALUATION 291 08/25/23 04/19/24946 -4597-005-00-1 PendingLuke S & Hsia Yuanyi Youngblood $3,085,500 Pending PENDING ASSESSOR EVALUATION 312 08/28/23 02/07/24946 -4547-268-00-1 WithdrawnRobert & Patricia Blocka Trs $6,002,346 Withdrawn Withdrawn 323 08/18/23 01/08/25946 -2555-074-00-1 Rachna Gutgutia & Sandip Agarwala $1,652,400 $0 STIPULATED/ADMIN 329 08/18/23 12/18/24946 -3405-041-00-1 Rayan A & Trisha R Almeida $2,244,000 $0 STIPULATED/ADMIN 338 08/18/23 08/21/24946 -3314-058-00-1 PendingKruthi G Suresh & Sri R Bathina $2,093,000 Pending ADMIN/REJECTIONS 373 08/18/23 01/08/25946 -4580-001-00-1 Geetanjali Paranjape & Manav Deshmukh $2,100,000 $0 STIPULATED/ADMIN 382 08/18/23 10/21/24941 -2803-009-00-1 Pradeep & Ruchi Dubey $984,300 $0 STIPULATED/ADMIN 401 08/18/23 09/10/24946 -1699-087-00-1 PendingSri H & Gudi Sindhuja Gollakota $1,285,200 Pending PENDING ASSESSOR EVALUATION 403 08/18/23 11/04/24941 -1312-010-00-1 $1,200,000Naveen K & Shivanna Fnu S Gowda $1,275,000 $-75,000 STIPULATED/ADMIN 411 08/18/23 08/21/24946 -2542-077-00-1 PendingKyunghwan & Kim Eunkyung Han $2,350,000 Pending PREHEARING CANCELLED 414 08/18/23 11/04/24941 -1306-067-00-1 $1,125,000Jiefeng & Wang Xinmei He $1,175,000 $-50,000 STIPULATED/ADMIN 432 08/18/23 01/06/25946 -3402-007-00-1 Jain Amit & Jain Meghna Trs $2,080,800 $0 STIPULATED/ADMIN 448 08/18/23 11/04/24941 -0903-038-00-1 $1,730,000Kolar Saideep & Avasarala Niharika Trs $2,040,000 $-310,000 STIPULATED/ADMIN 453 08/16/23 08/28/24946 -1109-096-00-1 WithdrawnPraween & Shanker Minakshi Kumar $877,200 Withdrawn Withdrawn 456 08/16/23 11/04/24946 -4565-055-00-1 $1,285,000Lakhotia Sumit & Rajni Trs $1,504,500 $-219,500 STIPULATED/ADMIN 485 08/18/23 08/28/24946 -3319-095-00-1 PendingSaurabh & Nayar Malika Mehta $2,254,200 Pending PREHEARING CANCELLED 496 08/18/23 11/04/24941 -1049-053-00-1 $1,580,000Kibum & Lee Hwajeong Nam $1,785,000 $-205,000 STIPULATED/ADMIN 498 08/18/23 11/22/24946 -4589-018-00-1 $1,430,000Abhishek & Sohin Narayan I $1,555,500 $-125,500 STIPULATED/ADMIN 501 08/18/23 11/06/24946 -3541-045-00-1 WithdrawnPrashanth & Vishwa Nayana Prakash $1,887,000 Withdrawn WITHDRAWAL/ADMIN 511 08/18/23 01/08/25946 -1109-111-00-1 Pachika Ramakanth & Geethika Trs $1,213,800 $0 STIPULATED/ADMIN 513 08/18/23 11/04/24941 -1307-045-00-1 $1,420,000Pranav A & Jankee Patel $1,619,000 $-199,000 STIPULATED/ADMIN 529 08/18/23 11/06/24946 -4563-005-00-1 WithdrawnRamachandran Ramaswamy Lavanya Lakshmi &$1,999,200 Withdrawn WITHDRAWAL/ADMIN 530 08/18/23 01/08/25946 -4561-048-00-1 Mahipal S & Shekhawat Manju Rathore $2,645,000 $0 STIPULATED/ADMIN 547 08/18/23 11/22/24946 -2551-126-00-1 $710,000Joshua S & Pearl J Schmitt $803,250 $-93,250 STIPULATED/ADMIN 564 08/18/23 03/21/24948 -0008-016-00-1 PendingVenkatraman C & Venkitachalam Revathy Subramanian$1,450,000 Pending PENDING ASSESSOR EVALUATION 575 08/18/23 01/06/25946 -3329-054-00-1 Vallamsetla Karthik $1,100,000 $0 STIPULATED/ADMIN 579 08/18/23 01/06/25946 -3376-061-00-1 Veronica Cedillos Vecko Marko & $1,378,020 $0 STIPULATED/ADMIN 583 08/18/23 08/05/24947 -0012-076-00-1 WithdrawnZhixian Xiang Wei Fengguo & $1,815,000 Withdrawn WITHDRAWAL/ADMIN This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 28 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order 2023 Parcel Appeals (Continued)
Parcel/Bill Number Action DescriptionBoard Value
Last Action
DateFile DateAppeal Number Applicant
Value Under
Appeal Change
595 08/18/23 01/06/25941 -2818-005-00-1 Yingnan Hu Yin Ye & $2,734,620 $0 STIPULATED/ADMIN 610 09/14/23 02/16/24946 -4608-001-00-1 PendingShaju & Sonia Mathew $2,560,000 Pending NEW APPEAL 640 09/09/23 01/19/24941 -1301-061-02-1 PendingHacienda Md Llc $43,175,447 Pending PENDING ASSESSOR EVALUATION 643 09/11/23 04/17/24946 -4565-097-00-1 WithdrawnHong Chung Karl & Tati Tjokro $1,125,000 Withdrawn WITHDRAWAL/ADMIN 644 09/07/23 01/23/24949 -0005-018-00-1 PendingButler Family Survivors Tr Dtd 3-16-93 $4,386,000 Pending PENDING ASSESSOR EVALUATION 653 09/07/23 01/08/25946 -3572-028-00-1 Sophia C & He Xin Chen $1,999,200 $0 STIPULATED/ADMIN 655 09/07/23 01/06/25946 -4589-016-00-1 Srikanth & Thimmanna Harshana Kulkarni $1,600,000 $0 STIPULATED/ADMIN 680 09/05/23 02/28/24941 -2759-027-00-1 PendingCmp I Pleasanton Owner Lp $40,158,000 Pending PREHEARING CANCELLED 683 09/05/23 02/28/24941 -2771-010-00-1 PendingW2005 New Century Hotel Portfolio Lp $4,841,499 Pending PREHEARING CANCELLED 684 09/05/23 02/28/24941 -2771-009-00-1 PendingHci-Cre Silverplate Jv Lp $32,888,734 Pending PREHEARING CANCELLED 685 09/05/23 11/27/23941 -1710-012-00-1 PendingPleasanton Project Owner Llc $49,673,497 Pending PENDING ASSESSOR EVALUATION 707 09/11/23 02/05/24946 -1101-039-00-1 Pleasanton Partners Llc $6,100,000 $0 DUPLICATE (REJECTED) 754 09/05/23 12/04/23941 -0550-024-00-1 PendingMjq Dublin Llc & Bq Dublin, Llc $130,070 Pending PENDING ASSESSOR EVALUATION 756 09/05/23 03/06/24941 -0550-030-00-1 WithdrawnMjq Dublin Llc & Bq Dublin, Llc $162,666 Withdrawn Withdrawn 787 09/05/23 12/11/23946 -3320-030-00-1 PendingYunhe & Liao Jing Trs Huang $2,091,000 Pending PENDING ASSESSOR EVALUATION 788 09/05/23 12/11/23941 -2795-007-00-1 PendingIgwe Dominic $1,183,200 Pending PENDING ASSESSOR EVALUATION 808 09/05/23 09/23/24946 -1102-065-00-1 $1,278,000Maya & Rathinakumar Sharath Kalyan $1,404,540 $-126,540 STIPULATED/ADMIN 848 09/11/23 11/06/24941 -2778-004-01-1 $146,000,000Kaiser Foundation Health Plan Inc $192,522,100 $-46,522,100 Stipulated 852 09/11/23 11/06/24941 -2778-009-00-1 PendingKaiser Foundation Health Plan Inc $119,985,573 Pending PREHEARING CANCELLED 861 09/11/23 01/05/2408-003171-00-115-1 PendingWells Fargo Bank N A $308,248 Pending PENDING ASSESSOR EVALUATION 879 09/11/23 04/10/24941 -1201-048-00-1 WithdrawnTriuam Partners Llc $17,290,250 Withdrawn Withdrawn 883 09/07/23 07/01/2400-018841-00-003-1 WithdrawnMacys Retail Holdings Llc $3,583,290 Withdrawn Withdrawn 885 09/07/23 07/01/2400-018841-00-010-1 WithdrawnMacys Retail Holdings Llc $107,406 Withdrawn Withdrawn 888 09/07/23 07/01/2400-018841-00-013-1 WithdrawnMacys Retail Holdings Llc $787,885 Withdrawn Withdrawn 89 07/31/23 02/22/2421-408451-00-001-1 WithdrawnRobert L Petersman $38,600 Withdrawn WITHDRAWAL/ADMIN 894 09/06/23 04/10/24094 -0198-001-05-1 PendingPaul L & Helga A Trs Hulme $7,955,401 Pending PREHEARING CANCELLED 93007 08/25/23 10/06/23941 -1560-010-01-1 City Of Dublin - Public Works Dept $0 $0 CANCELLATION OF TAXES FINAL 93008 09/12/23 03/11/24946 -4630-002-00-1 City Of Pleasanton $0 $0 CANCELLATION OF TAXES FINAL 2023 Totals Appeals Allowed Value Decline: 21.3%15 $241,001,168 $189,571,268 $-51,429,900 Appeals Denied 41 $290,274,770
Appeals Pending128 $3,152,877,511
Appeals Withdrawn40 $421,100,595
$4,105,254,044 $-51,429,900$189,571,268 224 Appeals
This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 29 ends

APPEALS HISTORY

THE CITY OF PLEASANTON
Appeals History Listing - 2020 Through 12/19/2024 - In Appeal Number Order Appeals Pending
Appeals Denied
Appeals AllowedPLEASANTON, ENTIRE CITY
Listed Totals Value Decline:125
130
203

12.4%$-338,230,545$2,393,346,018$2,731,576,563
$1,042,530,423
$6,391,042,072
Appeals Withdrawn310 $4,952,680,166
$-338,230,545$15,117,829,224 $2,393,346,018Appeals 768
This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone Prepared On 12/19/2024 By MV Data Source: Alameda County Assessor Through 12/19/2024 - In Appeal Number Order Combined Tax Rolls

Page 30 ends

LIVERMORE-PLEASANTON FIRE DEPARTMENT

RETIREE HEALTHCARE PLAN
June 30, 2021 Actuarial Valuation
Plan Funding 2022/23 and 2023/24
Doug Pryor, Senior Consulting Actuary
Bianca Lin, Senior Consulting Actuary
Katherine Moore, Consulting Actuary
Joseph Herm, Senior Actuarial Analyst
Bartel Associates, LLC
October 13, 2022
Contents
B:\CA- Public\City_of_Pleasanton\6-30-21_Valuation\Reports\BA PleasantonCi 22-10-13 OPEB 21-06-30 Report Fire.docx Topic Page
Benefit Summary
1 Participant Statistics 9
Actuarial Assumption Highlights 11
Actuarial Methods 15
Assets 17
Results
23 Actuarial Certification 33
Exhibits 34

October 13, 2022 1

BENEFIT SUMMARY
Fire Mgmt Fire Non-Sworn IAFF
 Eligibility • Retire directly from LPFD, service or disability retirement  Benefit • LPFD paid medical premium, not greater than cap multiplied by percentage • If benefit payable after 65, caps based on Medicare eligible premiums  Medical
Benefit
Cap
Retired < 7/1/09 Retired < 7/1/12 Retired < 1/1/08
Kaiser EE+1
Retired > 7/1/09 Retired ≥ 7/1/12 Retired 1/1/08 to 7/1/09 • Hired < 1/1/09
Lowest HMO EE+1
• Hired ≥ 1/1/09
Lowest HMO EE
(until age 65)
• Hired < 6/1/11
Lowest HMO EE+1
• Hired ≥ 6/1/11:

Lowest HMO EE
(until age 65)
• Lowest HMO EE+1

Retired ≥ 7/1/09
 Hired < 7/1/12:

Lowest HMO EE+1
 DOH ≥ 7/1/12:

Lowest HMO EE only
(until age 65)

October 13, 2022 2

BENEFIT SUMMARY
Fire Mgmt Fire Non-Sworn IAFF
 Cap
Percentage
• Greater of 4% x Years
of Service and:

YOS %
10 75%
15 80
20 90
25 100
• Mgmt
 Hired < 1/1/09:
all CalPERS service
 Hired ≥ 1/1/09:

LPFD service only
• 4% x Years of LPFD
Service
• 4% x Years of LPFD
Service

October 13, 2022 3

BENEFIT SUMMARY
Fire Mgmt Fire Non-Sworn IAFF
 21/22 Cap1
(pre/post65
)
• Cap
 Retired < 7/1/09:

Kaiser EE+1
$1,595/ $887
 Retired ≥ 7/1/09:

Kaiser EE only
$775/ $337
Kaiser EE+1
$1,551/ $674

• Cap
 Retired < 7/1/12:

Kaiser EE+1
$1,595/ $887
 Retired ≥ 7/1/12:

Kaiser EE only
$775/ $337
Kaiser EE+1
$1,551/ $674
• Cap
 Retired < 1/1/08:

Kaiser EE+1
$1,595/ $887
 Retired ≥ 1/1/08:

Kaiser EE+1
$1,551/ $674
 Retired ≥ 7/1/09:

Kaiser EE only
$775/ $337
Kaiser EE+1
$1,551/ $674

1 For retired after 7/1/10, annual increas e in LPFD’s contribution is limited to 15% of lowest cost family premium

October 13, 2022 4

BENEFIT SUMMARY
Fire Mgmt Fire Non-Sworn IAFF
 Medical
Benefits –
Disability
Retirement
• LPFD contributes percent of same base as for service retirement Years % Years % Years % Years %
10 20 14 40 18 54 22 88
11 25 15 45 19 57 23 92
12 30 16 48 20 80 24 96
13 35 17 51 21 84 25 100

 Surviving
Spouse
Benefit
• 50% of retiree benefit

October 13, 2022 5

BENEFIT SUMMARY
Fire Mgmt Fire Non-Sworn IAFF
 Pay-As-
You-Go
Cost2

FY Cash Subsisdy Implied Subsidy
2020/21 $1,150,000 $394,000
2019/20 1,181,000 389,000
2018/19 1,189,416 355,000
2017/18 1,078,986 262,000
2016/17 994,786 250,000
2015/16 939,618 293,000
2014/15 945,513 240,000
2013/14 881,063 233,000
2012/13 844,579 197,000
2011/12 753,541 157,000

2 Does not include professional service fees

October 13, 2022 6

BENEFIT SUMMARY
35 40 45 50 55 60 64
Cost by Age 485 522 601 735 914 1,130 1,354
Retiree Version 1 Premium 788 788 788 788 788 788 788
Retiree Version 2 Premium 767 767 767 767 767 767 767
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$Cost/Premium
Age
2022/23 Kaiser Plan - Single Coverage

October 13, 2022 7

BENEFIT SUMMARY
35 40 45 50 55 60 64
Cost by Age 957 1,030 1,185 1,449 1,803 2,229 2,671
Retiree Version 1 Premium 1,794 1,794 1,794 1,794 1,794 1,794 1,794 Retiree Version 2 Premium 1,745 1,745 1,745 1,745 1,745 1,745 1,745 $-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$Cost/Premium
Age
2022/23 Health Net HMO Plan - Single Coverage

October 13, 2022 8

BENEFIT SUMMARY

35 40 45 50 55 60 64
Cost by Age 1,102 1,236 1,443 1,723 2,014 2,372 2,790
Retiree Version 1 Premium 1,815 1,815 1,815 1,815 1,815 1,815 1,815 Retiree Version 2 Premium 1,800 1,800 1,800 1,800 1,800 1,800 1,800 $-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$Cost/Premium
Age
2022/23 Health Net PPO Plan - Single Coverage

October 13, 2022 9

PARTICIPANT STATISTICS
June 30, 2021

Mgmt Misc Safety Total
 Actives
• Count 9 3 108 120
• Avg Age 54.2 40.1 43.7 44.4
• Avg Service 15.2 8.4 12.6 12.7
• Avg Base Pay $166,600 $81,200 $123,200 $125,400
• Total Pay (000’s) 1,500 243 13,309 15,052
 Retirees3
• Count 19 4 85 108
• Avg Age 64.1 66.5 65.8 65.5
• Avg Ret Age
 Service 53.7 56.4 55.2 54.9
 Disabled 56.4 n/a 52.2 52.5
• Est 21/22 Monthly Cash Benefit $1,042 $686 $833 $864

3 Includes 7 retirees not currently receiving benefits

October 13, 2022 10

PARTICIPANT STATISTICS
June 30, 2019

Mgmt Misc Safety Total
 Actives
• Count 11 2 106 119
• Avg Age 52.6 51.2 43.7 44.6
• Avg Service 15.1 17.0 12.6 12.9
• Avg Base Pay $161,800 $86,400 $120,200 $123,500
• Total Pay (000’s) 1,779 173 12,739 14,691
 Retirees4
• Count 17 3 77 97
• Avg Age 63.1 69.3 65.0 64.8
• Avg Ret Age
 Service 53.7 57.9 55.2 54.9
 Disabled 55.7 n/a 51.9 52.1
• Est 18/19 Monthly Cash Benefit $1,074 $664 $934 $950

4 Includes 2 retirees not currently receiving benefits

October 13, 2022 11

ACTUARIAL ASSUMPTION HIGHLIGHTS
CERBT Investment Options

 2018 Asset Allocation
Strategy 1 Strategy 2 Strategy 3
Global Equity 59% 40% 22%
Fixed Income 25% 43% 49%
TIPS 5% 5% 16%
Commodities 3% 4% 5%
REITs 8% 8% 8%
Total 100% 100% 100%
 2022 Asset Allocation (approved March 14, 2022)
Strategy 1 Strategy 2 Strategy 3
Global Equity 49% 34% 23%
Fixed Income 23% 41% 51%
TIPS 5% 5% 9%
Commodities 3% 3% 3%
REITs 20% 17% 14%
Total 100% 100% 100%

October 13, 2022 12

ACTUARIAL ASSUMPTION HIGHLIGHTS
Discount Rate
 Future expected returns
 Stochastic simulations of geometric average returns over 20 years  5,000 trials
 2.50% inflation assumption
 Projections based on 8 independent Investment Advisors 2021 10-year Capital Market Assumptions and where available, investment advisors anticipated long-term trends
 Confidence levels (based on 2022 asset allocations):

Strategy 1 Strategy 2 Strategy 3
50% Confidence Level 6.25% 5.75% 5.25%
55% Confidence Level 6.00% 5.50% 5.00%
60% Confidence Level 5.75% 5.25% 4.75%

 Department currently in Strategy 1
 Recommend 6.25% discount rate

October 13, 2022 13

ACTUARIAL ASSUMPTION HIGHLIGHTS
June 30, 2019 Valuation June 30, 2021 Valuation
 Valuation Date  June 30, 2019
 Fiscal Years 20/21 & 21/22
 June 30, 2021
 Fiscal Years 22/23 & 23/24
 Discount Rate  6.75%, Pre-funded through
CERBT Strategy #1
 6.25%, Pre-funded through
CERBT Strategy #1
 Payroll
Increases
 Aggregate increase –3.00%
 Merit Increases – CalPERS
1997-15 Experience Study
 Aggregate increase –2.75%
 Merit Increases – CalPERS
2000-19 Experience Study
 General
Inflation
 2.75%  2.50%
 Mortality,
Disability,
Termination
 CalPERS 1997-2015
Experience Study
 Post-retirement mortality
improvement projection Scale
MP-2019
 CalPERS 2000-2019 Experience
Study
 Mortality improvement
projection Scale MP-2021

October 13, 2022 14

ACTUARIAL ASSUMPTION HIGHLIGHTS
June 30, 2019 Valuation June 30, 2021 Valuation
 Medical
Healthcare
Trend
Increase from Prior Year
Year
Non-
Medicare Medicare
2019 Actual Premiums/Claims
2020 Actual Premiums/Claims
2021 7.25% 6.30%
2022 7.00% 6.10%
2023 6.75% 5.90%
2024 6.50% 5.70%
2025 6.25% 5.50%
2026 6.00% 5.30%
2027 5.80% 5.15%
2028 5.60% 5.00%
2029 5.40% 4.85%
2030 5.20% 4.70%
2031-2035 5.05% 4.60%
2036-2045 4.90% 4.50%
2046-2055 4.75% 4.45%
2056-2065 4.60% 4.40%
2066-2075 4.30% 4.20%
2076+ 4.00% 4.00%
Increase from Prior Year
Year
Non-
Medicare
Medicare
Kaiser Other
2019 n/a
2020 n/a
2021 Actual Premiums/Claims
2022 Actual Premiums/Claims
2023 6.50% 4. 60% 5.65%
2024 6.25% 4. 45% 5.45%
2025 6.00% 4. 35% 5.25%
2026 5.75% 4. 25% 5.05%
2027 5.55% 4. 20% 4.90%
2028 5.35% 4. 15% 4.75%
2029 5.15% 4. 10% 4.60%
2030 4.95% 4. 05% 4.45%
2031-35 4.80% 4.00% 4.35%
2036-45 4.65% 3.95% 4.25%
2046-55 4.50% 3.90% 4.20%
2056-65 4.35% 3.85% 4.15%
2066-75 4.05% 3.80% 3.95%
2076+ 3.75% 3.75% 3.75%

October 13, 2022 15

ACTUARIAL METHODS
June 30, 2019 Valuation June 30, 2021 Valuation
 Data  Participant data at 6/30/19  Participant data at 6/30/21  Cost Method  Entry Age Normal  Same
 Funding Policy  Full prefunding through
CERBT beginning fiscal year
2010/11
 Same
 Actuarial Value of
Assets
 Investment gains/losses
spread over a 5-year rolling
period
 Not less than 80% nor more
than 120% of market value
 Same
 Amortization
Method
 Level Percent of Payroll  Same
 Amortization
Period
 18 years from 6/30/20  16 years from 6/30/22

October 13, 2022 16

ACTUARIAL METHODS
June 30, 2019 Valuation June 30, 2021 Valuation
 “Implied
Subsidy”
 Employer cost for allowing retirees to participate, irrespective of employer contribution
 Fire Department demographics combined with City of
Pleasanton for claims cost development
 Value implied subsidy until Medicare eligibility or lifetime if not Medicare eligible

October 13, 2022 17
ASSETS
LPFD Retiree Healthcare Reserve

2019/20 2020/21 2021/22
 Beginning Year Balance $1,052,798 $954,843 $1,053,194  Income
• Annual Contribution 1,730,000 1,730,000 1,480,000
• Interest Income 35,852 2,840 5,113 • Subtotal 1,765,852 1,732,840 1,485,113
 Expenditures
• Benefit Payments5 (1,180,969) (1,150, 398) (1,115,688) • Trust Contribution (671,000) (477,000) (366,000)
• Professional Services Fees (11,838) (7,092) (4,035) • Subtotal (1,863,807) (1 ,634,490) (1,485,723)
 Ending Year Balance 954,843 1,053,194 1,052,584

5 Does not include implied subsidy payments of $389 ,000 for 2019/20, $394,000 for 2020/21, and $431,000 for 2021/22.

October 13, 2022 18
ASSETS
This page intentionally blank

October 13, 2022 19
ASSETS
Market Value of Plan Assets6
(000’s Omitted)

2019/20 2020/21 2021/22
 Market Value
(Beginning of Year) $21,125 $22,586 $29,272
• Trust Contribution 671 477 366
• Trust Withdrawals7 - - -
• Administrative Expenses (11) (13) (14)
• Net Investment Return 800 6,222 (3,922)
 MVA
(End of Year) 22,586 29,272 25,701
 Approximate Annual Return 3.8% 27.5% (13.4)%

6 Based on CERBT quarterly asset statements. Prior valuation was based on audited CERBT assets and had a balance of $21,119 at 6/30/19.
7 Benefit payments paid outside trust by the LPFD.

October 13, 2022 20
ASSETS
Actuarial Value of Plan Assets
(000’s Omitted)

2019/20 2020/21 2021/22
 Actuarial Value
(Beginning of Year) $21,231 $23,182 $26,026
• Contributions 671 477 366
• Trust Withdrawals - - -
• Administrative Expenses (11) (13) (14)
• Expected Earnings 1,440 1,568 1,627
 Expected AVA (End of Year) 23,331 25,215 28,005
 MVA (End of Year) 22,586 29,272 25,701
 1/5 of (MVA - Expected AVA) (149) 811 (461)
 Preliminary AVA 23,182 26,026 27,544
• Minimum AVA (80% of MVA) 18,068 23,417 20,561
• Maximum AVA (120% of MVA) 27,103 35,126 30,842
 Actuarial Value
(End of Year) 23,182 26,026 27,544
 Approximate Annual Return 6.0% 10.2% 4.5%

October 13, 2022 21
ASSETS
Historical Returns

October 13, 2022 22
ASSETS
Historical Asset Changes
(000’s Omitted)

October 13, 2022 23

RESULTS
Actuarial Obligations
(000’s Omitted)

6/30/19 6/30/21
Projected
6/30/22
 Present Value of Benefits
• Actives $ 19,778 $17,717
• Retirees 23,845 20,886
• Total 43,623 38,603
 Actuarial Accrued Liability
• Actives 13,200 11,821
• Retirees 23,845 20,886
• Total 37,045 32,707 $33,934
 Actuarial Value of Assets 21,231 26,026 27,544
 Unfunded AAL 15,814 6,681 6,390
 Funded Ratio 57.3% 79.6% 81.2%
 Normal Cost (20/21 & 22/23) 810 706
 Benefit Payments8 1,544 1,489

8 20/21 LPFD reported paym ents with implied subsidy, and 22/23 projected payments from 6/30/21 valuation.

October 13, 2022 24

RESULTS
Funded Status
(000’s Omitted)

October 13, 2022 25

RESULTS
Actuarial Gain/Loss
(000’s Omitted)

AAL Assets UAAL
 Actual @ 6/30/2019 $37,045 $21,231 $15,814
 Expected @ 6/30/2021 40,572 25,353 15,218
• Actual vs. expected premiums and claims (5,760) - (5,760) • Asset/Contribution gain - 673 (673)
• CalPERS 2000-2019 experience study 277 - 277
• Mortality improvement MP-2021 (178) - (178)
• Kaiser Medicare trend decreased
(also decreasing projected caps) (863) - (863)
• General inflation lowered by 0.25%9 97 - 97
• Discount rate 6.25% 939 - 939
• Other/Demographic10 (2,377) - (2,377)
• Total Increase/(Decrease) (7,865) 673 (8,537)
 Actual @ 6/30/2021 32,707 26,026 6,681

9 Includes impact of lower discount ra te, payroll increases, and medical trend 10 Includes terminations and retirements different than expected and medical coverage changes.

October 13, 2022 26

RESULTS
Schedule of Funding Progress
(000’s Omitted)

Actuarial
Valuation
Date
Actuarial
Value of
Assets
(a)
Entry Age
Actuarial
Accrued
Liability
(b)
Unfunded
Actuarial
Accrued
Liability
(b-a)
Funded
Ratio
(a/b)
Covered
Payroll
(c)
UAAL as
Percentage
of Covered
Payroll
((b-a)/c)
6/30/13 $8,696 $32,064 $23,368 27.1% $14,088 165.9%
6/30/15 13,294 31,195 17,901 42.6% 14,781 121.1%
6/30/17 17,279 35,497 18,218 48.7% 16,989 107.2%
6/30/19 21,231 37,045 15,814 57.3% 18,104 87.4%
6/30/21 26,026 32,707 6, 681 79.6% 19,455 34.3%

October 13, 2022 27

RESULTS
Actuarially Determined Contribution (ADC)
(000’s Omitted)

6/30/19 Valuation 6/30/21 Valuation
2020/21 2021/22 2022/23 2023/24
 ADC - $
• Normal Cost11 $ 810 $ 820 $ 719 $ 720
• UAAL Amortization 1,222 1,258 539 588
• Total ADC 2,032 2,078 1,258 1,308
 Projected Payroll12 18,648 19,207 19,990 20,539
 ARC - %
• Normal Cost 4.3% 4.3% 3.6% 3.5%
• UAAL Amortization 6.6% 6.5% 2.7% 2.9%
• Total ADC 10.9% 10.8% 6.3% 6.4%

11 Includes $12, $13, $13, and $14 fo r CERBT administrative expenses in 2020/21, 2021/22, 2022/23, and 2023/24 respectively. Normal Cost includes benefits end at age 65 for new hires. 12 Includes base pay and appr oximately 23% loading in 2020/21 & 2021/22 and 26% loading in 2022/23 & 2023/24 for other PERSable earnings, projected one year with aggregate payroll growth assumption.

October 13, 2022 28

RESULTS
Actuarially Determined Contribution (ADC)
(000’s Omitted)

October 13, 2022 29

RESULTS
Amortization Bases
(000’s Omitted)

6/30/19 Valuation 6/30/21 Valuation
6/30/20 6/30/21 6/30/22 6/30/23
 Outstanding Balance $15,465 $15,287 $6,390 $6,642

October 13, 2022 30

RESULTS
Amortization Payments
(000’s Omitted)

6/30/19 Valuation 6/30/21 Valuation
2020/21 2021/22 2022/23 2023/24
 Amortization Payment $1,222 $1,258 $539 $588
 Amortization Years 18 17 16 15

October 13, 2022 31

RESULTS
10-Year Projection13
(000’s Omitted)

FYE
June 30,
Contributions
Payroll
Contr. As
% of
Payroll
Benefit
Payments CERBT Total
2023 $1,489 $(231) $1,258 $19,990 6.3%
2024 1,653 (345) 1,308 20,539 6.4%
2025 1,771 (423) 1,348 21,104 6.4%
2026 1,918 (531) 1,387 21,684 6.4%
2027 2,117 (692) 1,425 22,281 6.4%
2028 2,251 (801) 1,450 22,893 6.3%
2029 2,381 (899) 1,482 23,523 6.3%
2030 2,565 (1,054) 1,511 24,170 6.3%
2031 2,706 (1,171) 1,535 24,835 6.2%
2032 2,847 (1,287) 1,560 25,518 6.1%

13 Includes projected impact of futu re hires with lowest tier benefits.

October 13, 2022 32

RESULTS
Estimated Benefit Payments
(000’s Omitted)

Cash
Implied
Subsidy Total
 2022/23 $1,118 $371 $1,489
 2023/24 1,235 418 1,653

October 13, 2022 33

ACTUARIAL CERTIFICATION
This report presents the Livermore-Pleasanton Fire Department Retiree Healthcare Plan (“Plan”) June 30, 2021 actuarial valuation. The purpose of this valuation is to:
 Provide the Plan’s June 30, 2021 Benefit Obligations and Funded Status, and  Calculate the 2022/23 and 2023/24 Actuarially Determined Contributions.

Information provided in this report may be useful to the Department for the Plan’s financial management. Future actuarial measurements may differ significantly from the current measurements presented in this report due to such factors as: plan experience differing from that anticipated by the assumptions; changes in assumptions; changes expected as part of the natural progression of the plan; and changes in plan provisions or applicable law. Actuarial models necessarily rely on the use of estimates and are sensitive to changes. Small variations in estimates may lead to significant changes in actuarial measurements. Due to the limited scope of this assignment, we did not perform an analysis of the potential range of such measurements.

The valuation is based on Plan provisions, participant data, and asset information provided by the Department as summarized in this report, which we relied on and did not audit. We reviewed the participant data for reasonableness.

To the best of our knowledge, this report is complete and accurate and has been conducted using generally accepted actuarial principles and practices. As members of the American Academy of Actuaries meeting the Academy Qualification Standards, we certify the actuarial results and opinions herein.

Respectfully submitted,

Doug Pryor, ASA, EA, MAAA
Senior Consulting Actuary
Bartel Associates, LLC
October 13, 2022
Bianca Lin, FSA, EA, MAAA, FCA
Senior Consulting Actuary
Bartel Associates, LLC
October 13, 2022
Katherine Moor e, ASA, MAAA
Consulting Actuary
Bartel Associates, LLC
October 13, 2022

October 13, 2022 34

EXHIBITS

Topic Page
Premiums E - 1
Data Summary E - 7
Actuarial Assumptions E - 13
Definitions E - 20

October 13, 2022 E-1

PREMIUMS
Retiree Premiums – Non Medicare Eligible
7/1/22– 6/30/23

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 214
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Family Single 2-Party Family
Kaiser $787.55 $1,575.10 $2,094.88 $766.67 $1,533.36 $2,039.35 HealthNet HMO 1,794.00 3,358.78 4,696.88 1,744.52 3,402.49 4,574.16 HealthNet PPO 1,815.48 3,903.34 4,885.25 1,800.42 3,870.96 4,843.22 HealthNet Smart
Care 1,272.37 2,735.60 3,753.49 1,272.37 2,735.60 3,753.49

14 Same as active premiums.

October 13, 2022 E-2

PREMIUMS
Premiums – Medicare Eligible
7/1/22 – 6/30/23

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 2
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Single 2-Party
Kaiser Sr. Advantage $421.48 $842.96 $315.10 $630.03
Health Net HMO 1,203.05 2,406.10 1,203.05 2,406.10
Health Net PPO 1,282.85 2,565.70 1,282.85 2,565.70
Health Net Senior Plus
PPO 337.38 674.76 337.38 674.76

October 13, 2022 E-3

PREMIUMS
Retiree Premiums – Non Medicare Eligible
7/1/21– 6/30/22

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 215
PCEA (DOR≥7/1/12),
IAFF (DOR≥1/1/08),
POA & Mgmt/Conf
(DOR≥7/1/09)
Plan Single 2-Party Family Single 2-Party Family
Kaiser $797.36 $1,594.72 $2,120. 98 $775.27 $1,550.54 $2,062.21 HealthNet HMO 1,661.11 3,109.98 4,348.96 1,615.30 3,150.45 4,236.26 HealthNet PPO 1,681.00 3,614.20 4,523.38 1,667.06 3,584.22 4,484.46 HealthNet Smart
Care 1,178.12 2,532.96 3,475.45 1,178.12 2,532.96 3,475.45

15 Same as active premiums.

October 13, 2022 E-4

PREMIUMS
Premiums – Medicare Eligible
7/1/21 – 6/30/22

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 2
PCEA (DOR≥7/1/12),
IAFF (DOR≥1/1/08),
POA & Mgmt/Conf
(DOR≥7/1/09)
Plan Single 2-Party Single 2-Party
Kaiser Sr. Advantage $443.35 $886.70 $337.10 $674.21
Health Net HMO 1,109.56 2,219.12 1,109.56 2,219.12
Health Net PPO 1,200.00 2,400.00 1,200.00 2,400.00

October 13, 2022 E-5

PREMIUMS
Retiree Premiums – Non Medicare Eligible
7/1/20– 6/30/21

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 216
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Family Single 2-Party Family
Kaiser $804.38 $1,608.76 $2,139. 65 $781.04 $1,562.07 $2,077.55 HealthNet HMO 1,552.44 2,906.52 4,064.45 1,509.63 2,944.35 3,958.19 HealthNet PPO 1,571.03 3,377.76 4,227.46 1,558.00 3,349.76 4,191.08 HealthNet Smart
Care 1,101.05 2,367.25 3,248.08 1,101.05 2,367.25 3,248.08

16 Same as active premiums.

October 13, 2022 E-6

PREMIUMS
Premiums – Medicare Eligible
7/1/20 – 6/30/21

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 2
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Single 2-Party
Kaiser Sr. Advantage $472.33 $944.66 $365.80 $731.60
Health Net HMO 1,029.68 2,059.35 1,029.68 2,059.35
Health Net PPO 1,130.23 2,260.47 1,130.23 2,260.47

October 13, 2022 E-7

DATA SUMMARY
Medical Plan Participation
LPFD Plans

Plan Actives
Retirees
< 65
> 65
Medicare
Eligible
> 65 Not
Medicare
Eligible
Kaiser 87% 94% 85% 86%
Health Net HMO 3% 0% 4% 0%
Health Net PPO 9% 6% 4% 14%
HealthNet Smart Care 2% 0% 7% 0%
Total 101% 100% 100% 100%

October 13, 2022 E-8

DATA SUMMARY
Active Medical Coverage

Plan Single 2-Party Family Waived Total
Kaiser 13 14 73 - 100
Health Net HMO 1 1 1 - 3
Health Net PPO 6 2 2 - 10
HealthNet Smart Care - 2 - - 2
Waived - - - 5 5
Total 20 19 76 5 120

October 13, 2022 E-9

DATA SUMMARY
Retiree Medical Coverage
Under 65

Plan Single 2-Party Family Total
Kaiser 8 18 6 32
Health Net HMO - - - -
Health Net PPO 2 - - 2
HealthNet Smart Care - - - -
Non LPFD Plan 2 10 2 14
Not Receiving Benefits - - - 2
Total 12 28 8 50

October 13, 2022 E-10

DATA SUMMARY
Retiree Medical Coverage
Over 65
Medicare
Eligibility Plan Single 2-Party Family Total
Yes Kaiser Sr. Adv. 5 18 - 23
Health Net HMO Medicare 1 - - 1
Health Net PPO Medicare 1 - - 1
Health Net Senior Plus HMO 2 - - 2
Subtotal 9 18 - 27
No Kaiser 2 4 - 6
Health Net HMO - - - -
Health Net PPO 1 - - 1
HealthNet Smart Care - - - -
Subtotal 3 4 - 7
Unknown Non LPFD Plan 3 16 - 19
Not Receiving Benefits - - - 5
Total 15 38 - 58

October 13, 2022 E-11

DATA SUMMARY
Actives by Age and Service

LPFD Service
Age Under 1 1-4 5-9 10-14 15-19 20-24
25 &
Over Total
Under 25 - 1 - - - - - 1
25-29 - 3 2 - - - - 5
30-34 - 9 6 - - - - 15
35-39 - 8 11 3 1 - - 23
40-44 - 2 8 3 6 1 - 20
45-49 - - 1 4 7 5 1 18
50-54 - - 2 2 6 8 3 21
55-59 - - 2 - 2 4 4 12
60-64 - - 2 - - 1 2 5
65 & Over - - - - - - - -
Total - 23 34 12 22 19 10 120

October 13, 2022 E-12

DATA SUMMARY
Medical Plan Coverage
Retirees by Age

Medical Coverage
Age Single 2-Party Family Waived Total
Under 50 - - - 1 1
50-54 5 1 5 1 12
55-59 2 8 1 - 11
60-64 5 19 2 - 26
65-69 8 20 - 1 29
70-74 4 11 - 3 18
75-79 3 6 - 1 10
80 84 - 1 - - 1
85 & Over - - - - -
Total 27 66 8 7 108
Average Age 65.2 66.6 56.5 66.7 65.5

October 13, 2022 E-13

ACTUARIAL ASSUMPTIONS
June 30, 2019 Valuation June 30, 2021 Valuation
 Retirement  CalPERS 1997-2015
Experience Study
Misc Fire
Classic Member
Benefit 2.7%@55 3%@50
ERA 57.9 55.6
Benefit 3%@55
ERA 58.2
PEPRA Member

Benefit 2%@62 2.7%@57
ERA 61.1 57.4

 CalPERS 2000-2019 Experience
Study
Misc Fire
Classic Member
Benefit 2.7%@55 3%@50
ERA 59.5 56.7
Benefit 3%@55
ERA 58.5
PEPRA Member

Benefit 2%@62 2.7%@57
ERA 61.3 58.1

 CERBT
Administrative
Expenses
 0.05% of assets added to
Normal Cost
 Same

October 13, 2022 E-14

ACTUARIAL ASSUMPTIONS
June 30, 2019 Valuation June 30, 2021 Valuation
 CalPERS
Service
 LPFD service plus ½ service
between age 30 and LPFD hire
date for non-Mgmt
 CalPERS service for Mgmt
 Same
 Medicare
Eligible
 Actives
• Hired < 4/1/86: 70%
• Hired > 4/1/86: 100%
 Current retirees < 65:
• Hired < 4/1/86: 70%
• Hired > 4/1/86: 100%
 Everyone eligible for Medicare
will e lect Part B coverage
 Based on current retiree data
 Same
 Cap Increase  Healthcare trend  Same

October 13, 2022 E-15

ACTUARIAL ASSUMPTIONS
June 30, 2019 Valuation June 30, 2021 Valuation
 Medical Plan at
Retirement
 Actives:
< 65 > 65
Med.

Elg.

Non Med.

Elig.

Kaiser 60% 50% 44%
HN HMO 5% 5% 8%
HN PPO 5% 5% 8%
Opt Out 30% 40% 40%
 Retirees: Same as current
medical plan
 Same
 Participation at
Retirement
 Current Actives – 100%
 Current Retirees:
• In payment status – 100%
• Not in payment status – 50%
will re-elect at age 65
 Same

October 13, 2022 E-16

ACTUARIAL ASSUMPTIONS
June 30, 2019 Valuation June 30, 2021 Valuation
 Spouses  Actives
• Currently covered: current
marital status
• Not currently covered: 80%
married
 Retirees: current marital status
 Same
 Spouse Age  Males 3 years older than
females if not provided
 Same
 Surviving
Spouse
Participation
 100%  Same
 Future New
Entrants
 None – Closed Group  Same

October 13, 2022 E-17

ACTUARIAL ASSUMPTIONS
Assumptions June 30, 2021 Valuation
 Medical
Claims Cost
 Sample estimated 2022/23 monthly non-Medicare eligible claims costs:

Kaiser HealthNet HMO HealthNet PPO
Age Male Female Male Female Male Female
25 $262 $510 $516 $1,005 $587 $953
35 341 629 673 1,241 866 1,339
45 542 660 1,069 1,301 1,373 1,513
55 909 920 1,793 1,813 2,049 1,979
60 1,164 1,097 2,295 2,163 2,456 2,289
64 1,415 1,294 2,791 2,550 2,934 2,646
65 1,471 1,324 2,900 2,611 3,052 2,744
70 1,748 1,537 3,446 3,031 3,626 3,185
75 2,076 1,796 4,094 3,542 4,308 3,721
80 2,413 2,070 4,757 4,082 5,006 4,288
85 2,721 2,337 5,365 4,608 5,645 4,842

October 13, 2022 E-18

ACTUARIAL ASSUMPTIONS
Assumptions June 30, 2021 Valuation
 Data Quality  Our valuation used census data provided by the Department. We reviewed the data for reasonableness and resolved any questions with the Department. We believe the resulting data can be relied on for all purposes of this valuation without limitation.
 Actuarial
Modeling
 Our valuation was performed using and relying on ProVal, an actuarial model leased from WinTech. Our use of ProVal is consistent with its intended purpose. We have reviewed and understand ProVal and its operation, sensitivities and dependencies

October 13, 2022 E-19

ACTUARIAL ASSUMPTIONS
Assumptions June 30, 2021 Valuation
 Basis for
Assumptions
 CalPERS 2021 experience study covering 2000 to 2019 experience  Mortality improvement based on Society of Actuaries tables  Inflation based on our estimate for the Plan’s very long time horizon  Age-based claims are based on Society of Actuaries publications  Participation and coverage assumptions based in part on Plan experience
 Capital market assumptions based on 2021 Bartel Associates stochastic analysis, taking into account capital market assumptions of investment advisory firms
 Medical trend:
• Short-term healthcare trend was developed in consultation with Axene Health Partners’ healthcare actuaries
• Long-term healthcare trend was developed using Society of Actuaries’ Getzen Model of Long-Run Medical Cost Trends

October 13, 2022 E-20

DEFINITIONS
 OPEB
Accrual
Accounting
• Project future employer-provided benefit cash flows for current active employees and current retirees
• Discount projected cash flow to valuation date using discount rate (assumed return on assets used to pay benefits) and other actuarial assumptions to determine present value of projected future benefits (PVB)
• Allocate PVB to past, current, and future periods using the actuarial cost method
• Actuarial cost method used for this valuation is the Entry Age Normal Cost method which determines Normal Cost as a level percentage of payroll (same method used by CalPERS)
• Normal Cost is amount allocated to current fiscal year • Actuarial Accrued Liability (AAL) is amount allocated to prior service with employer
• Unfunded AAL (UAAL) is AAL less plan assets pre-funded in a segregated and restricted trust
 PayGo Cost • Cash subsidy is employer pay-as-you-go benefit payments for retirees • Implied subsidy is difference between actual cost of retiree benefits and retiree premiums subsidized by active employee premiums

October 13, 2022 E-21

DEFINITIONS
Present Value of Benefits

CITY OF PLEASANTON (NON-FIRE)

RETIREE HEALTHCARE PLAN
June 30, 2021 Actuarial Valuation
Plan Funding 2022/23 and 2023/24

Doug Pryor, Senior Consulting Actuary
Bianca Lin, Senior Consulting Actuary
Katherine Moore, Consulting Actuary
Joseph Herm, Senior Actuarial Analyst
Bartel Associates, LLC

October 13, 2022
Contents
B:\CA-Public\City_of_Pleasanton\6-30-21_Valuation\Reports\B A PleasantonCi 22-10-13 OPEB 21-06-30 Report Non-Fire.docx

Topic Page
Benefit Summary 1
Participant Statistics 9
Actuarial Assumption Highlights 11
Actuarial Methods 16
Assets 19
Results 23
Actuarial Certification 33
Exhibits 34

October 13, 2022 1

BENEFIT SUMMARY
Mgmt/Conf POA PCEA
 Eligibility • Retire directly from the City, service or disability retirement  Benefit • City paid medical premium, not greater than cap multiplied by percentage • If benefit payable after 65, caps based on Medicare eligible premiums  Medical
Benefit
Cap

Retired < 7/1/09 Retired < 7/1/09 Retired < 7/1/12
Kaiser EE+1
Retired ≥ 7/1/09 Retired ≥ 7/1/09 Retired ≥ 7/1/12
• Hired < 1/1/09
Lowest HMO EE+1
• Hired > 1/1/09
Lowest HMO EE
(until age 65)
• Hired < 1/1/09
Lowest HMO EE+1
• 1/1/09 ≤ Hired < 1/1/12
 < 20 YOS
Lowest HMO EE
 > 20 YOS
Lowest HMO EE+1
• Hired > 1/1/12:
lowest HMO EE
(until age 65)
• Hired < 6/1/11
Lowest HMO EE+1
• Hired > 6/1/11
Lowest HMO EE
(until age 65)

October 13, 2022 2

BENEFIT SUMMARY
Mgmt/Conf POA PCEA
 Cap
Percentage
• Greater of 4% x Years
of Service and:

YOS %
10 75%
15 80
20 90
25 100
• Mgmt
 Hired < 1/1/09: all
CalPERS service
 Hired > 1/1/09: City
service only
• Conf: City service
only
• 4% x Years of City
Service
• 4% x Years of City
Service

October 13, 2022 3

BENEFIT SUMMARY
Mgmt/Conf POA PCEA
 21/22 Caps1
(pre/post
65)
• Cap
 Retired < 7/1/09:

Kaiser EE+1 $1,595/ $887
 Retired > 7/1/09:

Kaiser EE only $775/ $337
Kaiser EE+1 $1,551/ $674
• Cap
 Retired < 7/1/12:

Kaiser EE+1
$1,595/ $887
 Retired > 7/1/12:

Kaiser EE only
$775/ $337
Kaiser EE+1
$1,551/ $674
 Medical
Benefits –
Disability
Retirement
• City cap percentage based on years of service at retirement Years
% Years % Years % Years %
10 20 14 40 18 54 22 88
11 25 15 45 19 57 23 92
12 30 16 48 20 80 24 96
13 35 17 51 21 84 25 100

 Surviving
Spouses
• 50% of retiree benefit for surviving spouses

1 For retired after 7/1/10, annual incr ease in City’s contribution is limited to 15% of lowest cost family premium

October 13, 2022 4

BENEFIT SUMMARY
Mgmt/Conf POA PCEA
 Council
Members
and
Pre-LPFD
Retirees
• Active Council members are not eligible
• The City pays a percent of the EE+1 Kaiser premium based on years of service for 4 retired Council members.
• Pre-LPFD: The City pays a percent of the EE+1 Kaiser premium based on years of service
 Pay-As-
You-Go
Cost2

FY Cash Subsidy Implied Subsidy
2020/21 $3,353,000 $832,000
2019/20 3,248,000 1,006,000
2018/19 3,233,572 967,000
2017/18 2,914,085 756,000
2016/17 2,823,157 693,000
2015/16 2,664,867 741,000
2014/15 2,519,757 641,000
2013/14 2,327,749 623,000
2012/13 2,131,553 520,000
2011/12 1,982,139 470,000

2 Does not include professional service fees

October 13, 2022 5

BENEFIT SUMMARY

35 40 45 50 55 60 64
Cost by Age 485 522 601 735 914 1,130 1,354
Retiree Version 1 Premium 788 788 788 788 788 788 788
Retiree Version 2 Premium 767 767 767 767 767 767 767
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$Cost/Premium
Age
2022/23 Kaiser Plan - Single Coverage

October 13, 2022 6

BENEFIT SUMMARY

35 40 45 50 55 60 64
Cost by Age 957 1,030 1,185 1,449 1,803 2,229 2,671
Retiree Version 1 Premium 1,794 1,794 1,794 1,794 1,794 1,794 1,794 Retiree Version 2 Premium 1,745 1,745 1,745 1,745 1,745 1,745 1,745 $-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$Cost/Premium
Age
2022/23 Health Net HMO Plan - Single Coverage

October 13, 2022 7

BENEFIT SUMMARY

October 13, 2022 8

BENEFIT SUMMARY
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October 13, 2022 9

PARTICIPANT STATISTICS
June 30, 2021

Mgmt PCEA POA Council
Pre
LPFD Total
 Actives
• Count 70 206 72 - - 348
• Avg Age 49.2 44.5 38.3 n/a n/a 44.1
• Avg Service 9.9 10.2 9.3 n/a n/a 10.0
• Avg Base Pay 149,000 91,600 117,900 n/a n/a 108,600
• Total Pay (000’s) 10,429 18,878 8,490 n/a n/a 37,797
 Retirees3
• Count 103 217 52 4 9 385
• Avg Age 69.7 67.9 61.4 79.9 77.9 67.9
• Avg Ret Age
 Service 56.3 57.5 51.8 58.9 55.9 56.6
 Disabled 42.2 41.9 47.0 n/a 51.7 46.8
• Est 21/22 Monthly Cash Benefit $785 $610 $881 $453 $727 $694

3 Includes 40 retirees not currently receiving benefits

October 13, 2022 10

PARTICIPANT STATISTICS
June 30, 2019

Mgmt PCEA POA Council
Pre
LPFD Total
 Actives
• Count 64 198 66 n/a n/a 328
• Avg Age 49.1 45.0 39.4 n/a n/a 44.6
• Avg Service 10.8 10.7 9.8 n/a n/a 10.6
• Avg Base Pay 158,300 93,300 117,500 n/a n/a 110,900
• Total Pay (000’s) 10,134 18,481 7,756 n/a n/a 36,372
 Retirees4
• Count 99 202 47 4 9 361
• Avg Age 68.7 66.9 60.1 77.9 76.1 66.9
• Avg Ret Age
 Service 56.3 57.4 51.6 58.9 55.9 56.5
 Disabled 42.2 44.2 46.7 n/a 52.0 47.1
• Est 18/19 Monthly Cash Benefit $830 $627 $825 $435 $741 $709

4 Includes 34 retirees not currently receiving benefits

October 13, 2022 11

ACTUARIAL ASSUMPTION HIGHLIGHTS
CERBT Investment Options

October 13, 2022 12

Strategy 1 Strategy 2 Strategy 3
50% Confidence Level 6.25% 5.75% 5.25%
55% Confidence Level 6.00% 5.50% 5.00%
60% Confidence Level 5.75% 5.25% 4.75%

 City currently in Strategy 1
 Recommend 6.25% discount rate

October 13, 2022 13

ACTUARIAL ASSUMPTION HIGHLIGHTS
June 30, 2019 Valuation June 30, 2021 Valuation
 Valuation Date  June 30, 2019
 Fiscal Years 20/21 & 21/22
 June 30, 2021
 Fiscal Years 22/23 & 23/24
 Discount Rate  6.75%, Pre-funded through
CERBT Strategy #1
 6.25%, Pre-funded through
CERBT Strategy #1
 Payroll
Increases
 Aggregate increase –3.00%
 Merit Increases – CalPERS
1997-15 Experience Study
 Aggregate increase –2.75%
 Merit Increases – CalPERS
2000-19 Experience Study
 General
Inflation
 2.75%  2.50%
 Mortality,
Disability,
Termination
 CalPERS 1997-2015
Experience Study
 Mortality improvement
projection Scale MP-2019
 CalPERS 2000-2019 Experience
Study
 Mortality improvement
projection Scale MP-2021

October 13, 2022 14

October 13, 2022 15

ACTUARIAL ASSUMPTION HIGHLIGHTS
June 30, 2019 Valuation June 30, 2021 Valuation
 Medical Plan
at Retirement
 Actives:
< 65 > 65
Med.

Elg.

Non Med.

Elig.

Kaiser 60% 65% 60%
HN HMO 5% 5% 5%
HN PPO 5% 0% 5%
Opt Out 30% 30% 30%
 Retirees: Same as current
medical plan
 Actives:
< 65 > 65
Med.

Elg.

Non Med.

Elig.

Kaiser 60% 60% 60%
HN HMO 5% 5% 5%
HN PPO 0% 0% 0%
Opt Out 35% 35% 35%
 Retirees: Same as current
medical plan
 Participation at
Retirement

 Current Actives – 100%
 Current Retirees:
• In payment status – 100%
• Not in payment status – 30%
will re-elect at age 65
 Same

October 13, 2022 16

October 13, 2022 17

ACTUARIAL METHODS
June 30, 2019 Valuation June 30, 2021 Valuation
 “Implied
Subsidy”
 Employer cost for allowing retirees to participate, irrespective of employer contribution
 City demographics combined with Livermore-Pleasanton Fire Department for claims cost development
 Value implied subsidy until Medicare eligibility or lifetime if not Medicare eligible

October 13, 2022 18

ACTUARIAL METHODS
This page intentionally blank

October 13, 2022 19
ASSETS
Market Value of Plan Assets5
(000’s Omitted)

2019/20 2020/21 2021/22
 Market Value
(Beginning of Year) $48,292 $51,227 $65,303
• Trust Contribution 1,159 25 -
• Trust Withdrawals6 - - (201)
• Administrative Expenses (24) (29) (32)
• Net Investment Return 1,800 14,080 (8,737)
 Market Value
(End of Year) 51,227 65,303 56,333
 Approximate Annual Return 3.7% 27.5% (13.4)%

5 Based on CERBT quarterly asset statem ents. Prior valuation was based on audited CERBT assets and had a balance of $48,275 at 6/30/19.
6 Additional benefit payments paid outside trust by the City.

October 13, 2022 20
ASSETS
Actuarial Value of Plan Assets
(000’s Omitted)

2019/20 2020/21 2021/22
 Actuarial Value
(Beginning of Year) $48,991 $53,001 $58,320
• Contributions 1,159 25 -
• Trust Withdrawals - - (201)
• Administrative Expenses (24) (29) (32)
• Expected Earnings 3,319 3,577 3,644
 Expected AVA (End of Year) 53,444 56,574 61,731
 MVA (End of Year) 51,227 65,303 56,333
 1/5 of (MVA - Expected AVA) (443) 1,746 (1,079)
 Preliminary AVA 53,001 58,320 60,651
• Minimum AVA (80% of MVA) 40,981 52,243 45,067
• Maximum AVA (120% of MVA) 61,472 78,364 67,600
 Actuarial Value
(End of Year) 53,001 58,320 60,651
 Approximate Annual Return 5.8% 10.0% 4.4%

October 13, 2022 21
ASSETS
Historical Returns

October 13, 2022 22
ASSETS
Historical Asset Changes
(000’s Omitted)

October 13, 2022 23

RESULTS
Actuarial Obligations
(000’s Omitted)

6/30/19 6/30/21
Projected
6/30/22
 Present Value of Benefits
• Actives $ 37,061 $32,243
• Retirees 55,588 50,548
• Total 92,649 82,791
 Actuarial Accrued Liability
• Actives 25,281 20,996
• Retirees 55,588 50,548
• Total 80,869 71,544 $73,247
 Actuarial Value of Assets 48,991 58,320 60,651
 Unfunded AAL 31,878 13,224 12,596
 Funded Ratio 60.6% 81.5% 82.8%

October 13, 2022 24

RESULTS
Funded Status
(000’s Omitted)

October 13, 2022 25

RESULTS
Actuarial Gain/Loss
(000’s Omitted)

AAL Assets UAAL
 Actual @ 6/30/2019 $80,869 $48,991 $31,878
 Expected @ 6/30/2021 86,943 57,243 29,700
• Actual vs. expected premiums and claims (13,798) - (13,798) • Asset/Contribution gain - 1,077 (1,077)
• Medical plan elections
(changed to less expensive plans) (404) - (404)
• CalPERS 2000-2019 experience study 105 - 105
• Mortality improvement MP-2021 (382) - (382)
• Kaiser Medicare trend decreased
(also decreasing projected caps) (2,192) - (2,192)
• General inflation lowered by 0.25%8 208 - 208
• Discount rate 6.25% 1,969 - 1,969
• Other/Demographic9 (905) - (905)
• Total Increase/(Decrease) (15,399) 1,077 (16,476)
 Actual @ 6/30/2021 71,544 58,320 13,224

8 Includes impact of lower discount ra te, payroll increases, and medical trend 9 Includes terminations and retir ements different than expected and medical coverage changes.

October 13, 2022 26

RESULTS
Schedule of Funding Progress
(000’s Omitted)

Actuarial
Valuation
Date
Actuarial
Value of
Assets
(a)
Entry Age
Actuarial
Accrued
Liability
(b)
Unfunded
Actuarial
Accrued
Liability
(b-a)
Funded
Ratio
(a/b)
Covered
Payroll
(c)
UAAL as
Percentage
of Covered
Payroll
((b-a)/c)
6/30/13 $19,361 $74,631 $55, 270 25.9% $32,281 171.2%
6/30/15 33,015 77,076 44,061 42.8% 33,742 130.6%
6/30/17 41,099 88,084 46,985 46.7% 36,280 129.5%
6/30/19 48,991 80,869 31,878 60.6% 38,286 83.3%
6/30/21 58,320 71,544 13,224 81.5% 40,944 32.3%

October 13, 2022 27

RESULTS
Actuarially Determined Contribution (ADC)
(000’s Omitted)

6/30/19 Valuation 6/30/21 Valuation
2020/21 2021/22 2022/23 2023/24
 ADC - $
• Normal Cost10 $ 1,577 $ 1,580 $1,359 $1,356
• UAAL Amortization 2,414 2,486 1,062 1,173
• Total ADC 3,991 4,066 2,421 2,529
 Projected Payroll11 39,434 40,618 42,070 43,227
 ADC - %
• Normal Cost 4.0% 3.9% 3.2% 3.1%
• UAAL Amortization 6.1% 6.1% 2.5% 2.7%
• Total ADC 10.1% 10.0% 5.8% 5.9%

10 Includes $26, $28, $29, and $30 fo r CERBT administrative expenses in 2020/21, 2021/22, 2022/23, and 2023/24 respectively. Normal Cost includes benefits ends at age 65 for new hires. 11 Includes base pay and approxi mately 5% loading for other PERSable earnings, projected one year with aggregate payroll growth assumption.

October 13, 2022 28

RESULTS
Actuarially Determined Contribution (ADC)
(000’s Omitted)

October 13, 2022 29

RESULTS
Amortization Bases
(000’s Omitted)

6/30/19 Valuation 6/30/21 Valuation
6/30/20 6/30/21 6/30/22 6/30/23
 Outstanding Balance $30,552 $30,200 $12,596 $13,238

October 13, 2022 30

RESULTS
Amortization Payments
(000’s Omitted)

6/30/19 Valuation 6/30/21 Valuation
2020/21 2021/22 2022/23 2023/24
 Amortization Payment $2,414 $2,486 $1,062 $1,173
 Amortization Years 18 17 16 15

October 13, 2022 31

RESULTS
10-Year Projection12
(000’s Omitted)

FYE
June 30,
Contributions
Payroll
Contribution
as % of
Payroll
Benefit
Payments CERBT Total
2023 $3,892 $(1,471) $2,421 $42,070 5.8%
2024 4,134 (1,605) 2,529 43,227 5.9%
2025 4,339 (1,718) 2,621 44,415 5.9%
2026 4,626 (1,926) 2,700 45,637 5.9%
2027 4,925 (2,156) 2,769 46,892 5.9%
2028 5,092 (2,260) 2,832 48,181 5.9%
2029 5,332 (2,443) 2,889 49,506 5.8%
2030 5,426 (2,488) 2,938 50,868 5.8%
2031 5,485 (2,498) 2,987 52,267 5.7%
2032 5,693 (2,659) 3,034 53,704 5.6%

12 Includes projected impact of futu re hires with lowest tier benefits.

October 13, 2022 32

RESULTS
Estimated Benefit Payments
(000’s Omitted)

Cash
Implied
Subsidy Total
 2022/23 $3,059 $832 $3,892
 2023/24 3,228 905 4,134

October 13, 2022 33

ACTUARIAL CERTIFICATION
This report presents the City of Pleasanton Retiree Healthcare Plan (“Plan”) June 30, 2021 actuarial valuation. The purpose of this valuation is to:
 Provide the Plan’s June 30, 2021 Benefit Obligations and Funded Status, and  Calculate the 2022/23 and 2023/24 Actuarially Determined Contributions.

Information provided in this report may be useful to the City for the Plan’s financial management. Future actuarial measurements may differ significantly from the current measurements presented in this report due to such factors as: plan experience differing from that anticipated by the assumptions; changes in assumptions; changes expected as part of the natural progression of the plan; and changes in plan provisions or applicable law. Actuarial models necessarily rely on the use of estimates and are sensitive to changes. Small variations in estimates may lead to significant changes in actuarial measurements. Due to the limited scope of this assignment, we did not perform an analysis of the potential range of such measurements.

The valuation is based on Plan provisions, participant data, and asset information provided by the City as summarized in this report, which we relied on and did not audit. We reviewed the participant data for reasonableness.

Respectfully submitted,

October 13, 2022 34

EXHIBITS
Topic Page
Premiums E - 1
Data Summary E - 7
Actuarial Assumptions E - 13
Definitions E - 20

October 13, 2022 E-1

PREMIUMS
Retiree Premiums – Non Medicare Eligible
7/1/22– 6/30/23

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 213
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Family Single 2-Party Family
Kaiser $787.55 $1,575.10 $2,094.88 $766.67 $1,533.36 $2,039.35 HealthNet HMO 1,794.00 3,358.78 4,696.88 1,744.52 3,402.49 4,574.16 HealthNet PPO 1,815.48 3,903.34 4,885.25 1,800.42 3,870.96 4,843.22 HealthNet Smart
Care 1,272.37 2,735.60 3,753.49 1,272.37 2,735.60 3,753.49

13 Same as active premiums.

October 13, 2022 E-2

PREMIUMS
Premiums – Medicare Eligible
7/1/22 – 6/30/23

October 13, 2022 E-3

PREMIUMS
Retiree Premiums – Non Medicare Eligible
7/1/21– 6/30/22

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 214
PCEA (DOR≥7/1/12),
IAFF (DOR≥1/1/08),
POA & Mgmt/Conf
(DOR≥7/1/09)
Plan Single 2-Party Family Single 2-Party Family
Kaiser $797.36 $1,594.72 $2,120. 98 $775.27 $1,550.54 $2,062.21 HealthNet HMO 1,661.11 3,109.98 4,348.96 1,615.30 3,150.45 4,236.26 HealthNet PPO 1,681.00 3,614.20 4,523.38 1,667.06 3,584.22 4,484.46 HealthNet Smart
Care 1,178.12 2,532.96 3,475.45 1,178.12 2,532.96 3,475.45

14 Same as active premiums.

October 13, 2022 E-4

PREMIUMS
Premiums – Medicare Eligible
7/1/21 – 6/30/22

October 13, 2022 E-5

PREMIUMS
Retiree Premiums – Non Medicare Eligible
7/1/20– 6/30/21

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 215
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Family Single 2-Party Family
Kaiser $804.38 $1,608.76 $2,139. 65 $781.04 $1,562.07 $2,077.55 HealthNet HMO 1,552.44 2,906.52 4,064.45 1,509.63 2,944.35 3,958.19 HealthNet PPO 1,571.03 3,377.76 4,227.46 1,558.00 3,349.76 4,191.08 HealthNet Smart
Care 1,101.05 2,367.25 3,248.08 1,101.05 2,367.25 3,248.08

15 Same as active premiums.

October 13, 2022 E-6

PREMIUMS
Premiums – Medicare Eligible
7/1/20 – 6/30/21

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 2
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Single 2-Party
Kaiser Sr. Advantage $472.33 $944.66 $365.80 $731.60
Health Net HMO 1,029.68 2,059.35 1,029.68 2,059.35
Health Net PPO 1,130.23 2,260.47 1,130.23 2,260.47

October 13, 2022 E-7

DATA SUMMARY
Medical Plan Participation
City Plans

Plan Actives
Retirees
< 65
> 65
Medicare
Eligible
> 65 Not
Medicare
Eligible
Kaiser 85% 91% 91% 94%
Health Net HMO 4% 4% 4% 6%
Health Net PPO 8% 3% 3% 0%
HealthNet Smart Care 3% 2% 2% 0%
Total 100% 100% 100% 100%

October 13, 2022 E-8

DATA SUMMARY
Active Medical Coverage

Plan Single 2-Party Family Waived Total
Kaiser 52 59 180 - 291
Health Net HMO 8 5 - - 13
Health Net PPO 24 2 1 - 27
Health Net Smart Care 3 2 5 - 10
Waived - - - 7 7
Total 87 68 186 7 348

October 13, 2022 E-9

DATA SUMMARY
Retiree Medical Coverage
Under 65

Plan Single 2-Party Family Total
Kaiser 32 43 11 86
Health Net HMO 2 1 1 4
Health Net PPO 2 1 - 3
Health Net Smart Care - 2 - 2
Non City Plan 13 27 5 45
Not Receiving Benefits - - - 7
Total 49 74 17 147

October 13, 2022 E-10

DATA SUMMARY
Retiree Medical Coverage
Over 65
Medicare
Eligibility Plan Single 2-Party Family Total
Yes Kaiser Sr. Adv. 54 59 2 115
Health Net HMO Medicare 2 3 - 5
Health Net PPO Medicare 2 2 - 4
Health Net Senior Plus 3 - - 3
Subtotal 61 64 2 127
No Kaiser 13 4 - 17
Health Net HMO 1 - - 1
Health Net PPO - - - -
Health Net Smart Care - - - -
Subtotal 14 4 - 18
Unknown Non City Plan 11 49 - 60
Not Receiving Benefits - - - 33
Total 86 117 2 238

October 13, 2022 E-11

DATA SUMMARY
Actives by Age and Service

City Service
Age Under 1 1-4 5-9 10-14 15-19 20-24
25 &
Over Total
Under 25 2 2 - - - - - 4
25-29 3 24 5 - - - - 32
30-34 4 20 9 1 - - - 34
35-39 4 16 18 10 4 - - 52
40-44 3 15 23 12 11 4 - 68
45-49 4 11 5 9 18 8 1 56
50-54 1 8 9 5 6 12 3 44
55-59 - 3 8 7 9 6 4 37
60-64 - 4 1 3 1 3 1 13
65 & Over - - 1 3 1 2 1 8
Total 21 103 79 50 50 35 10 348

October 13, 2022 E-12

DATA SUMMARY
Medical Plan Coverage
Retirees by Age

Medical Coverage
Age Single 2-Party Family Waived Total
Under 50 2 2 - 1 5
50-54 4 7 5 2 18
55-59 16 29 8 2 55
60-64 27 36 4 2 69
65-69 39 39 2 9 89
70-74 19 33 - 11 63
75-79 16 28 - 9 53
80 84 11 14 - 3 28
85 & Over 1 3 - 1 5
Total 135 191 19 40 385
Average Age 67.9 68.1 58.6 70.8 67.9

October 13, 2022 E-13

ACTUARIAL ASSUMPTIONS
June 30, 2019 Valuation June 30, 2021 Valuation
 CERBT
Administrative
Expenses
 0.05% of assets added to
Normal Cost
 Same
 Retirement  CalPERS 1997-2015
Experience Study
Misc Police
Classic Member
Benefit 2.7%@55 3%@50
ERA 57.9 53.9
Benefit 3%@55
ERA 56.4
PEPRA Member

Benefit 2%@62 2.7%@57
ERA 61.1 55.4

 CalPERS 2000-2019 Experience
Study
Misc Police
Classic Member
Benefit 2.7%@55 3%@50
ERA 59.5 54.2
Benefit 3%@55
ERA 57.1
PEPRA Member

Benefit 2%@62 2.7%@57
ERA 61.3 55.8

October 13, 2022 E-14

ACTUARIAL ASSUMPTIONS
June 30, 2019 Valuation June 30, 2021 Valuation
 Participation at
Retirement

 Current Actives – 100%
 Current Retirees:
• In payment status – 100%
• Not in payment status – 30%
will re-elect at age 65
 Same
 CalPERS
Service
 City service plus ½ service
between age 30 and City hire
date for non-Mgmt
 CalPERS service for Mgmt
 Same
 Cap Increase  Healthcare trend  Same

October 13, 2022 E-15

ACTUARIAL ASSUMPTIONS
June 30, 2019 Valuation June 30, 2021 Valuation
 Medicare
Eligible
 Actives
• Hired < 4/1/86: 80%
• Hired > 4/1/86: 100%
 Current retirees < 65:
• Hired < 4/1/86: 80%
• Hired > 4/1/86: 100%
 Everyone eligible for Medicare
will elect Part B coverage
 Based on current retiree data
 Same
 Spouses  Actives
• Currently covered: current
marital status
• Not currently covered: 80%
married
 Retirees: current marital status
 Same
 Spouse Age  Males 3 years older than
females if not provided
 Same

October 13, 2022 E-16

ACTUARIAL ASSUMPTIONS
June 30, 2019 Valuation June 30, 2021 Valuation
 Surviving
Spouse
Participation
 100%  Same
 Future New
Entrants
 None – Closed Group  Same

October 13, 2022 E-17

ACTUARIAL ASSUMPTIONS
Assumptions June 30, 2021 Valuation
 Medical
Claims Cost
 Sample estimated 2022/23 monthly non-Medicare eligible claims costs:

October 13, 2022 E-18

ACTUARIAL ASSUMPTIONS
Assumptions June 30, 2021 Valuation
 Data Quality  Our valuation used census data provided by the City. We reviewed the data for reasonableness and resolved any questions with the City. We believe the resulting data can be relied on for all purposes of this valuation without limitation.
 Actuarial
Modeling
 Our valuation was performed using and relying on ProVal, an actuarial model leased from WinTech. Our use of ProVal is consistent with its intended purpose. We have reviewed and understand ProVal and its operation, sensitivities and dependencies

October 13, 2022 E-19

October 13, 2022 E-20

October 13, 2022 E-21

DEFINITIONS
Present Value of Benefits

LIVERMORE-PLEASANTON FIRE DEPARTMENT

RETIREE HEALTHCARE PLAN
June 30, 2023 Actuarial Valuation
Plan Funding for 2024/25 and 2025/26

Doug Pryor, ASA, EA, MAAA
Katherine Moore, ASA, MAAA
Joseph Herm
Foster & Foster, Inc.

September 5, 2024

Contents
L:\PleasantonCity\OPEB\6-30-23_Valuation\Reports\F&F_PleasantonCity_24-09-05_OPEB_23-06-30_Report_Fire.docx

Topic Page
Benefit Summary 1
Participant Statistics 9
Actuarial Assumption Highlights 13
Actuarial Methods 18
Assets 20
Results 27
Actuarial Certification 37
Exhibits

Premiums E - 1
Data Summary E - 5
Actuarial Assumptions E - 11
Definitions E - 18

September 5, 2024 1

BENEFIT SUMMARY
Fire Mgmt PCEA IAFF
 Eligibility • Retire directly from LPFD, service or disability retirement  Benefit • LPFD paid medical premium, not greater than cap multiplied by percentage • If benefit payable after 65, caps based on Medicare eligible premiums  Medical
Benefit Cap
Retired < 7/1/09 Retired < 7/1/12 Retired < 1/1/08
Kaiser EE+1
Retired > 7/1/09 Retired ≥ 7/1/12 Retired 1/1/08 to 7/1/09 • Hired < 1/21/09
Lowest HMO EE+1
• Hired ≥ 1/21/09
Lowest HMO EE
(until age 65)
• Hired < 6/1/11
Lowest HMO EE+1
• Hired ≥ 6/1/11:

Lowest HMO EE
(until age 65)
• Lowest HMO EE+1

Retired ≥ 7/1/09
 Hired < 7/1/12:

Lowest HMO EE+1
 Hired ≥ 7/1/12:

Lowest HMO EE only
(until age 65)

September 5, 2024 2

BENEFIT SUMMARY
Fire Mgmt PCEA IAFF
 Cap
Percentage
• Greater of 4% x
Years of Service and:

YOS %
10 75%
15 80
20 90
25 100
• Mgmt
 Hired < 1/1/09:
all CalPERS service
 Hired ≥ 1/1/09:

LPFD service only
• 4% x Years of LPFD
Service
• 4% x Years of LPFD
Service

September 5, 2024 3

BENEFIT SUMMARY
Fire Mgmt PCEA IAFF
 23/24 Cap1
(pre/post65)
• Cap
 Retired < 7/1/09:

Kaiser EE+1
$1,697/ $778
 Retired ≥ 7/1/09:

Kaiser EE only
$827/ $283
Kaiser EE+1
$1,653/ $566

• Cap
 Retired < 7/1/12:

Kaiser EE+1
$1,697/ $778
 Retired ≥ 7/1/12:

Kaiser EE only
$827/ $283
Kaiser EE+1
$1,653/ $566
• Cap
 Retired < 1/1/08:

Kaiser EE+1
$1,697/ $778
 Retired ≥ 1/1/08:

Kaiser EE+1
$1,653/ $566
 Retired ≥ 7/1/09:

Kaiser EE only
$827/ $283
Kaiser EE+1
$1,653/ $566

1 For retired after 7/1/10, annual increas e in LPFD’s contribution is limited to 15% of lowest cost family premium

September 5, 2024 4

BENEFIT SUMMARY
Fire Mgmt PCEA IAFF
 Medical
Benefits –
Disability
Retirement
• LPFD contributes percent of same base as for service retirement Years % Years % Years % Years %
10 20 14 40 18 54 22 88
11 25 15 45 19 57 23 92
12 30 16 48 20 80 24 96
13 35 17 51 21 84 25 100

 Surviving
Spouse
Benefit
• 50% of retiree benefit

September 5, 2024 5

BENEFIT SUMMARY
 Pay-As-
You-Go
Cost
(amounts in $000’s)

628
754 845 881 946 940 995 1,079
1,189 1,181 1,150 1,116 1,146
212
157
197
233
240 293 250
262
355 389 394 431 371
$-
$500
$1,000
$1,500
$2,000
Cash Benefit Implicit Subsidy Benefit

September 5, 2024 6

BENEFIT SUMMARY

35 40 45 50 55 60 64
Cost by Age 587 632 727 890 1,107 1,368 1,639
Retiree Version 1 Premium 943 943 943 943 943 943 943
Retiree Version 2 Premium 919 919 919 919 919 919 919
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$Cost/Premium
Age
2024/25 Kaiser Plan - Single Coverage

September 5, 2024 7

BENEFIT SUMMARY

35 40 45 50 55 60 64
Cost by Age 1,154 1,242 1,429 1,748 2,175 2,688 3,221
Retiree Version 1 Premium 2,169 2,169 2,169 2,169 2,169 2,169 2,169 Retiree Version 2 Premium 2,109 2,109 2,109 2,109 2,109 2,109 2,109 $-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$Cost/Premium
Age
2024/25 Health Net HMO Plan - Single Coverage

September 5, 2024 8

BENEFIT SUMMARY

35 40 45 50 55 60 64
Cost by Age 1,389 1,558 1,819 2,172 2,539 2,990 3,517
Retiree Version 1 Premium 2,195 2,195 2,195 2,195 2,195 2,195 2,195 Retiree Version 2 Premium 2,176 2,176 2,176 2,176 2,176 2,176 2,176 $-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$Cost/Premium
Age
2024/25 Health Net PPO Plan - Single Coverage

September 5, 2024 9

PARTICIPANT STATISTICS
Actives

6/30/13 6/30/15 6/30/17 6/30/19 6/30/21 6/30/23
 Actives
• Count
 Dual Cap 107 99 87 79 68 57
 Single Cap 10 22 32 40 52 68
 Total 117 121 119 119 120 125
• Average
 Age 43.5 44.3 44.5 44.6 44.4 43.4
 Service 12.4 12.5 12.6 12.9 12.7 11.7
 PERSable Pay $99,600 $99,300 $115,800 $123,500 $125,400 $131,500 • Total Pay (000’s) 11,655 12,019 13,784 14,691 15,052 16,436

September 5, 2024 10

PARTICIPANT STATISTICS
Retirees

6/30/13 6/30/15 6/30/17 6/30/19 6/30/21 6/30/23
 Retirees
• Count
 Reimbursement 68 75 86 95 101 108
 No reimbursement 5 4 3 2 7 10
 Total 73 79 89 97 108 118
• Average
 Age 61.1 62.4 63.7 64.8 65.5 66.8
 R e t A g e
o Service 54.8 54.8 55.2 54.9 54.9 55.4
o Disabled 51.0 51.3 51.7 52.1 52.5 53.0
• Est Monthly Cash
Benefit $976 $957 $904 $950 $864 $895

September 5, 2024 11

PARTICIPANT STATISTICS
June 30, 2023

Mgmt Misc Safety Total
 Actives
• Count 9 5 111 125
• Avg Age 52.9 46.7 42.4 43.4
• Avg Service 17.2 6.6 11.5 11.7
• Avg PERSable Pay 192,500 88,400 128,500 131,500
• Total Pay (000’s) 1,733 442 14,261 16,436
 Retirees2
• Count 22 3 93 118
• Avg Age 65.7 69.3 67.0 66.8
• Avg Ret Age
 Service 54.8 55.3 55.7 55.4
 Disabled 56.4 n/a 52.7 53.0
• Est 22/23 Monthly Cash Benefit $934 $594 $892 $895

2 Includes 10 retirees not currently receiving benefits

September 5, 2024 12

PARTICIPANT STATISTICS
June 30, 2021

3 Includes 7 retirees not currently receiving benefits

September 5, 2024 13

ACTUARIAL ASSUMPTION HIGHLIGHTS
CERBT Investment Options

 2022 Asset Allocation (approved March 14, 2022)

Strategy 1 Strategy 2 Strategy 3
Global Equity 49% 34% 23%
Fixed Income 23% 41% 51%
TIPS 5% 5% 9%
Commodities 3% 3% 3%
REITs 20% 17% 14%
Total 100% 100% 100%

September 5, 2024 14

Strategy 1 Strategy 2 Strategy 3
50% Confidence Level 6.25% 5.75% 5.25%
55% Confidence Level 6.00% 5.50% 5.00%
60% Confidence Level 5.75% 5.25% 4.75%

 Department currently in Strategy 1
 Recommend 6.25% discount rate

September 5, 2024 15

ACTUARIAL ASSUMPTION HIGHLIGHTS
June 30, 2021 Valuation June 30, 2023 Valuation
 Valuation Date  June 30, 2021
 Fiscal Years 22/23 & 23/24
 June 30, 2023
 Fiscal Years 24/25 & 25/26
 Discount Rate  6.25%, Pre-funded through
CERBT Strategy #1
 Same
 Payroll
Increases
 Aggregate increase –2.75%
 Merit Increases – CalPERS
2000-19 Experience Study
 Same
 General
Inflation
 2.50%  Same
 Retirement,
Mortality,
Disability,
Termination
 CalPERS 2000-2019
Experience Study
 Mortality improvement
projection Scale MP-2021
 Same

September 5, 2024 16

ACTUARIAL ASSUMPTION HIGHLIGHTS
June 30, 2021 Valuation June 30, 2023 Valuation
 Medical
Healthcare
Trend
Increase from Prior Year
Year
Non-
Medicare
Medicare
Kaiser Other
2021 Actual Premiums/Claims
2022 Actual Premiums/Claims
2023 6.50% 4. 60% 5.65%
2024 6.25% 4. 45% 5.45%
2025 6.00% 4. 35% 5.25%
2026 5.75% 4. 25% 5.05%
2027 5.55% 4. 20% 4.90%
2028 5.35% 4. 15% 4.75%
2029 5.15% 4. 10% 4.60%
2030 4.95% 4. 05% 4.45%
2031-35 4.80% 4.00% 4.35%
2036-45 4.65% 3.95% 4.25%
2046-55 4.50% 3.90% 4.20%
2056-65 4.35% 3.85% 4.15%
2066-75 4.05% 3.80% 3.95%
2076+ 3.75% 3.75% 3.75%
Increase from Prior Year
Year
Non-
Medicare
Medicare
Kaiser Other
2021 n/a
2022 n/a
2023 Actual Premiums/Claims
2024 Actual Premiums/Claims
2025 8.50% 6. 25% 7.50%
2026 7.90% 5. 65% 6.90%
2027 7.35% 5. 45% 6.50%
2028 6.75% 5. 25% 6.10%
2029 6.20% 5. 05% 5.70%
2030 5.60% 4. 85% 5.25%
2031 5.05% 4. 65% 4.85%
2032-38 4.45% 4.45% 4.45%
2039-40 4.35% 4.35% 4.35%
2041 4.30% 4. 30% 4.30%
↓ ↓ ↓ ↓
2076+ 3.45% 3.45% 3.45%

September 5, 2024 17

ACTUARIAL ASSUMPTION HIGHLIGHTS
June 30, 2021 Valuation June 30, 2023 Valuation
 Medicare
Eligibility
 Actives
• Hired < 4/1/86: 70%
• Hired > 4/1/86: 100%
 Current retirees < 65:
• Hired < 4/1/86: 70%
• Hired > 4/1/86: 100%
 Everyone eligible for Medicare
will elect Part B coverage
Based on current retiree data
 Actives
• Hired < 4/1/86: 75%
• Hired > 4/1/86: 100%
 Current retirees < 65:
• Hired < 4/1/86: 75%
• Hired > 4/1/86: 100%
 Everyone eligible for Medicare
will elect Part B coverage
Based on current retiree data

September 5, 2024 18

ACTUARIAL METHODS
June 30, 2021 Valuation June 30, 2023 Valuation
 Data  Participant data at 6/30/21  Participant data at 6/30/23  Cost Method  Entry Age Normal  Same
 Funding Policy  Full prefunding through
CERBT beginning fiscal year
2010/11
 Same
 Actuarial Value of
Assets
 Investment gains/losses
spread over a 5-year rolling
period
 Not less than 80% nor more
than 120% of market value
 Market value of assets
 Amortization
Method
 Level Percent of Payroll  Same

September 5, 2024 19

ACTUARIAL METHODS
June 30, 2021 Valuation June 30, 2023 Valuation
 Amortization
Period
 16 years from 6/30/22  14-year fixed period for
projected 6/30/22 UAAL
 15-year fixed period for
assumption and experience
gains and losses
 “Implicit
Subsidy”
 Employer cost for allowing retirees to participate, irrespective of employer contribution
 Fire Department demographics combined with City of
Pleasanton for claims cost development
 Value implicit subsidy until Medicare eligibility or lifetime if not Medicare eligible

September 5, 2024 20
ASSETS
LPFD Retiree Healthcare Reserve

2020/21 2021/22 2022/23
 Balance
(beginning of year) $954,843 $1,053,194 $977,912
 Income
• Annual Contribution 1,730,000 1,480,000 1,480,000
• Interest Income 2,840 (69,558) (278) • Subtotal 1,732,840 1,410,442 1,479,722
 Expenditures
• Benefit Payments4 (1,150,398) (1,115,688) (2,282,272) • Trust Contribution ( 477,000) (366,000) -
• Professional Services Fees (7,092) (4,035) (15,445) • Subtotal (1,634,490) (1,485,723) (2,297,717)
 Balance
(end of year) 1,053,194 977,912 159,918

4 Does not include implicit subsidy payments of $394 ,000 for 2020/21, $431,000 for 2021/22, and $371,000 for 2022/23.

September 5, 2024 21
ASSETS
Market Value of Plan Assets
(000’s Omitted)

2020/21 2021/22 2022/23
Projected
2023/245
 Market Value
(Beginning of Year) $22,586 $29,272 $25,701 $27,339
• Trust Contribution 477 366 - -
• Trust Withdrawals6 - - - -
• Administrative Expenses (13) (14) (13) (14)
• Net Investment Return 6,222 (3,922) 1,651 1,708
 Market Value
(End of Year) 29,272 25,701 27,339 29,034
 Approximate Annual Return 27.5% (13.4%) 6.4% 6.25%

5 Projection assumes no trust contributions or withdrawals in 2023/24 6 Benefit payments paid outside trust by the LPFD.

September 5, 2024 22
ASSETS
Actuarial Value of Plan Assets
(000’s Omitted)

2020/21 2021/22 2022/23
 Actuarial Value
(Beginning of Year) $23,182 $26,026 $27,544
• Contributions 477 366 -
• Trust Withdrawals - - -
• Administrative Expenses (13) (14) (13)
• Expected Earnings 1,568 1,627 1,721
 Expected AVA (End of Year) 25,215 28,005 29,252
 MVA (End of Year) 29,272 25,701 27,339
 1/5 of (MVA - Expected AVA) 811 (461) (383)
 Preliminary AVA 26,026 27,544 28,870
• Minimum AVA (80% of MVA) 23,417 20,561 21,872
• Maximum AVA (120% of MVA) 35,126 30,842 32,807
 Actuarial Value
(End of Year) 26,026 27,544 28,870
 Approximate Annual Return 10.2% 4.5% 4.9%

September 5, 2024 23
ASSETS
Historical Returns

11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 Market Value 1.4% 10.7% 18.2% -0.2% 1.1% 10.5% 7.8% 6.2% 3.8% 27.5% -13.4% 6.4% Expected Return 7.75% 7.61% 7.61% 7.61% 7.25% 7.25% 6.75% 6.75% 6.75% 6.75% 6.25% 6.25% Actuarial Value 7.1% 7.8% 9.9% 7.5% 6.0% 6.9% 6.7% 6.6% 6.0% 10.2% 4.5% 4.9% (20%)
(15%)
(10%)
(5%)
0%
5%
10%
15%
20%
25%
30%

September 5, 2024 24
ASSETS
Historical Asset Changes
(000’s Omitted)

September 5, 2024 25
ASSETS
Actuarial Value of Assets

 Historical ADC’s based on smoothed Actuarial Value of Assets • Targeted 100% funding on a smooth path
 6/30/23 valuation
• Recommend change to market value
• Better reflect actual funded status
• Address contribution volatility due with 5 year ramp-up amortization on future investment gains/losses

September 5, 2024 26
ASSETS
This page intentionally blank

September 5, 2024 27

RESULTS
Actuarial Obligations
(000’s Omitted)

6/30/21 6/30/23
Projected
6/30/24
 Present Value of Benefits
• Actives $17,717 $20,059
• Retirees 20,886 22,642
• Total 38,603 42,701
 Actuarial Accrued Liability
• Actives 11,821 13,175
• Retirees 20,886 22,642
• Total 32,707 35,817 $37,221
 Assets7 26,026 27,339 29,034
 Unfunded Liability 6,681 8,478 8,187
 Funded Ratio
• Actuarial Assets 79.6% n/a n/a
• Market Assets 89.5% 76.3% 78.0%

7 Actuarial value of assets as of 6/30/21, market value of assets as of 6/30/23 and projected 6/30/24.

September 5, 2024 28

RESULTS
Actuarial Gain/Loss
(000’s Omitted)

AAL Assets UAAL
 Actual @ 6/30/2021 $32,707 $26,026 $6,681
 Expected @ 6/30/2023 35,226 29,657 5,568
 Changes
• Actual vs. expected premiums and claims 491 - 491
• Asset/Contribution gain (2,318) 2,318
• Healthcare medical trend 2,368 - 2,368
• Medicare eligibility (304) - (304)
• Other/Demographic8 (1,964) - (1,964)
• Total Increase/(Decrease) 591 (2,318) 2,910
 Actual @ 6/30/2023 35,817 27,339 8,478

8 Includes terminations and retirements different than expected and medical coverage changes.

September 5, 2024 29

RESULTS
Historical Funded Status
(000’s Omitted)

0% 0%
11%
16%
27%
42%
48%
57%
89%
76%
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
6/30/07 6/30/08 6/30/10 6/30/11 6/30/13 6/30/15 6/30/17 6/30/19 6/30/21 6/30/23 Retiree pay-go Retiree AAL less pay-go Active AAL Assets X% Funded Ratio

September 5, 2024 30

RESULTS
Schedule of Funding Progress
(000’s Omitted)

Actuarial
Valuation
Date
Actuarial
Value of
Assets
(a)
Entry Age
Actuarial
Accrued
Liability
(b)
Unfunded
Actuarial
Accrued
Liability
(b-a)
Funded
Ratio
(a/b)
Covered
Payroll
(c)
UAAL as
Percentage
of Covered
Payroll
((b-a)/c)
6/30/13 $8,696 $32,064 $23, 368 27.1% $14,088 165.9%
6/30/15 13,294 31,195 17, 901 42.6% 14,781 121.1%
6/30/17 17,279 35,497 18,218 48.7% 16,989 107.2%
6/30/19 21,231 37,045 15,814 57.3% 18,104 87.4%
6/30/21 26,026 32,707 6, 681 79.6% 19,455 34.3%
6/30/23 27,339 35,817 8, 478 76.3% 16,888 50.2%

September 5, 2024 31

RESULTS
Historical ADCs and Contributions
(000’s Omitted)

251%
100%
100% 100%
101%
87%
119%
98%
104% 99%
99% 92%
121%
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
Trust Contributions Net Ben Pmts - Cash Ben Pmts - IS
ADC
Percentage of ADC Contributed

September 5, 2024 32

RESULTS
Actuarially Determined Contribution (ADC)
(000’s Omitted)

6/30/21 Valuation 6/30/23 Valuation
2022/23 2023/24 2024/25 2025/26
 ADC - $
• Normal Cost9 $ 719 $ 720 $807 $806
• UAAL Amortization 539 588 757 778
• Total ADC 1,258 1,308 1,564 1,584
 Projected Payroll10 19,990 20,539 17,352 17,830
 ADC - %
• Normal Cost 3.6% 3.5% 4.7% 4.5%
• UAAL Amortization 2.7% 2.9% 4.4% 4.4%
• Total ADC 6.3% 6.4% 9.0% 8.9%

9 Includes $13, $14, $15, and $16 for CERBT administrative expenses in 2022/23, 2023/24, 2024/25, and 2025/26 respectively. Normal Cost includes impact of future hires with lowest tier benefits. 10 2022/23 and 2023/24 include ba se pay and approximately 26% loading for other PERSable earnings, projected one year with aggregate payroll growth assumption. 2022/23 PERSable earnings provided for 6/30/23 valuation and are projected forward to 2024/25 and 2025/26 with aggregate payroll growth assumption.

September 5, 2024 33

RESULTS
Actuarially Determined Contribution (ADC)
(000’s Omitted)

September 5, 2024 34

RESULTS
Amortization Bases
(000’s Omitted)

6/30/21 Valuation 6/30/23 Valuation
6/30/22 6/30/23 6/30/24 6/30/25
 2021 Valuation UAAL $6,390 $6,642 $6,468 $6,268
 Assumption Changes &
Experience (Gain)/Loss
• 2023 Valuation - - 1,719 1,674
 Total 6,390 6,642 8,187 7,942

September 5, 2024 35

RESULTS
Amortization Payments
(000’s Omitted)

6/30/21 Valuation 6/30/23 Valuation
2022/23 2023/24 2024/25 2025/26
 2021 Valuation UAAL $539 $589 $606 $621
 Assumption Changes &
Experience (Gain)/Loss
• 2023 Valuation - - 152 157
 Total 539 589 757 778
 Amortization Years 16.0 15.0 14.2 13.2

September 5, 2024 36

RESULTS
10-Year Projection11
(000’s Omitted)

FYE
June 30,
Contributions
Payroll
Contribution
as % of
Payroll
Benefit
Payments CERBT Total
2025 $1,756 $(192) $1,564 $17,352 9.0%
2026 1,891 (307) 1,584 17,830 8.9%
2027 2,132 (529) 1,603 18,320 8.8%
2028 2,311 (695) 1,616 18,824 8.6%
2029 2,477 (841) 1,636 19,341 8.5%
2030 2,685 (1,028) 1,657 19,873 8.3%
2031 2,838 (1,162) 1,676 20,420 8.2%
2032 2,980 (1,284) 1,696 20,981 8.1%
2033 2,957 (1,239) 1,718 21,558 8.0%
2034 3,094 (1,352) 1,742 22,151 7.9%

11 Includes projected impact of futu re hires with lowest tier benefits.

September 5, 2024 37

RESULTS
Estimated Benefit Payments
(000’s Omitted)

FYE
June 30,
Benefit Payments
Cash
Benefits
Implicit
Subsidy Total
2025 $1,304 $452 $1,756
2026 1,426 465 1,891
2027 1,581 551 2,132
2028 1,710 602 2,311
2029 1,822 655 2,477
2030 1,934 751 2,685
2031 2,043 795 2,838
2032 2,144 836 2,980
2033 2,164 793 2,957
2034 2,272 822 3,094

September 5, 2024 38

ACTUARIAL CERTIFICATION
This report presents the Livermore-Pleasanton Fire Department Retiree Healthcare Plan (“Plan”) June 30, 2023 actuarial valuation. The purpose of this valuation is to:
 Provide the Plan’s June 30, 2023 Benefit Obligations and Funded Status, and  Calculate the 2024/25 and 2025/26 Actuarially Determined Contributions.

Respectfully submitted,

Doug Pryor, ASA, EA, MAAA
Foster & Foster, Inc.

Katherine Moore, ASA, MAAA
Foster & Foster, Inc.

September 5, 2024 E-1

PREMIUMS

Retiree Premiums – Non Medicare Eligible
7/1/23– 6/30/24

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 212
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Family Single 2-Party Family
Kaiser $848.43 $1,696.85 $2,256. 82 $826.58 $1,653.17 $2,198.71 HealthNet HMO 1,955.46 3,661.07 5,119.60 1,901.53 3,708.72 4,986.93 HealthNet PPO 1,978.87 4,254.63 5,324.91 1,962.46 4,219.35 5,279.12 HealthNet Smart
Care 1,386.88 2,981.80 4,091.29 1,386.88 2,981.80 4,091.29

12 Same as active premiums.

September 5, 2024 E-2

PREMIUMS
Premiums – Medicare Eligible
7/1/23 – 6/30/24

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 2
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Single 2-Party
Kaiser Sr. Advantage $389.21 $778.42 $282.89 $565.79
Health Net HMO 1,287.57 2,575.14 1,287.57 2,575.14
Health Net PPO 1,391.24 2,782.48 1,391.24 2,782.48
Health Net Senior Plus
PPO 352.63 705.26 352.63 705.26

September 5, 2024 E-3

PREMIUMS
Retiree Premiums – Non Medicare Eligible
7/1/24– 6/30/25

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 213
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Family Single 2-Party Family
Kaiser $942.53 $1,885.07 $2,507. 14 $918.85 $1,837.70 $2,444.14 HealthNet HMO 2,168.61 4,060.14 5,677.65 2,108.80 4,112.98 5,530.51 HealthNet PPO 2,194.57 4,718.38 5,905.33 2,176.37 4,679.26 5,854.55 HealthNet Smart
Care 1,538.05 3,306.82 4,537.24 1,538.05 3,306.82 4,537.24

13 Same as active premiums.

September 5, 2024 E-4

PREMIUMS
Premiums – Medicare Eligible
7/1/24 – 6/30/25

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 2
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Single 2-Party
Kaiser Sr. Advantage $440.72 $881.44 $330.20 $660.40
Health Net HMO 1,372.57 2,745.14 1,372.57 2,745.14
Health Net PPO 1,476.24 2,952.48 1,476.24 2,952.48
Health Net Senior Plus
PPO 370.26 740.52 370.26 740.52

September 5, 2024 E-5

DATA SUMMARY
Medical Plan Participation
LPFD Plans

Plan Actives
Retirees
< 65
> 65
Medicare
Eligible
> 65 Not
Medicare
Eligible
Kaiser 89% 94% 89% 86%
Health Net HMO 3% 3% 3% 0%
Health Net PPO 6% 3% 3% 14%
HealthNet Smart Care 3% 0% 6% 0%
Total 100% 100% 100% 100%

September 5, 2024 E-6

DATA SUMMARY
Active Medical Coverage

Plan Single 2-Party Family Waived Total
Kaiser 11 16 78 - 105
Health Net HMO 2 1 - - 3
Health Net PPO 5 1 1 - 7
HealthNet Smart Care - 1 2 - 3
Waived - - - 7 7
Total 18 19 81 7 125

September 5, 2024 E-7

DATA SUMMARY
Retiree Medical Coverage
Under 65

Plan Single 2-Party Family Total
Kaiser 7 15 7 29
Health Net HMO - 1 - 1
Health Net PPO 1 - - 1
HealthNet Smart Care - - - -
Non LPFD Plan 1 11 2 14
Not Receiving Benefits - - - 4
Total 9 27 9 49

September 5, 2024 E-8

DATA SUMMARY
Retiree Medical Coverage
Over 65
Medicare
Eligibility Plan Single 2-Party Family Total
Yes Kaiser Sr. Adv. 6 23 2 31
Health Net HMO Medicare 1 - - 1
Health Net PPO Medicare 1 - - 1
Health Net Senior Plus HMO 1 1 - 2
Subtotal 9 24 2 35
No Kaiser 2 4 - 6
Health Net HMO - - - -
Health Net PPO 1 - - 1
HealthNet Smart Care - - - -
Subtotal 3 4 - 7
Unknown Non LPFD Plan 3 18 - 21
Not Receiving Benefits - - - 6
Total 15 46 2 69

September 5, 2024 E-9

DATA SUMMARY
Actives by Age and Service

LPFD Service
Age Under 1 1-4 5-9 10-14 15-19 20-24
25 &
Over Total
Under 25 - 1 - - - - - 1
25-29 2 5 - - - - - 7
30-34 4 11 5 - - - - 20
35-39 1 10 4 4 3 - - 22
40-44 - 4 5 9 5 - - 23
45-49 - - 1 - 7 4 1 13
50-54 1 1 1 1 9 11 1 25
55-59 - - 2 - - 5 3 10
60-64 - - 1 - - 2 1 4
65 & Over - - - - - - - -
Total 8 32 19 14 24 22 6 125

September 5, 2024 E-10

DATA SUMMARY
Medical Plan Coverage
Retirees by Age

Medical Coverage
Age Single 2-Party Family Waived Total
Under 50 - - - 1 1
50-54 1 1 - 2 4
55-59 4 7 7 - 18
60-64 4 19 2 1 26
65-69 4 21 2 1 28
70-74 6 16 - 2 24
75-79 4 5 - 3 12
80 84 1 4 - - 5
85 & Over - - - - -
Total 24 73 11 10 118
Average Age 67.8 67.5 59.7 67.0 66.8

September 5, 2024 E-11

ACTUARIAL ASSUMPTIONS
June 30, 2021 Valuation June 30, 2023 Valuation
 Retirement  CalPERS 2000-2019
Experience Study
Misc Fire
Classic Member
Benefit 2.7%@55 3%@50
ERA 59.5 56.7
Benefit 3%@55
ERA 58.5
PEPRA Member

Benefit 2%@62 2.7%@57
ERA 61.3 58.1

 CalPERS 2000-2019 Experience
Study
Misc Fire
Classic Member
Benefit 2.7%@55 3%@50
ERA 59.4 56.6
Benefit 3%@55
ERA 58.6
PEPRA Member

Benefit 2%@62 2.7%@57
ERA 61.4 57.9

 CERBT
Administrative
Expenses
 0.05% of assets added to
Normal Cost
 Same

September 5, 2024 E-12

ACTUARIAL ASSUMPTIONS
June 30, 2021 Valuation June 30, 2023 Valuation
 CalPERS
Service
 LPFD service plus ½ service
between age 30 and LPFD hire
date for non-Mgmt
 CalPERS service for Mgmt
 Same
 Cap Increase  Healthcare trend  Same
 Medical Plan at
Retirement
 Actives:
< 65 > 65
Med.

Elig.

Non
Med.

Elig.

Kaiser 60% 50% 44%
HN
HMO
5% 5% 8%
HN
PPO
5% 5% 8%
Opt Out 30% 40% 40%
 Retirees: Same as current
medical plan
 Same

September 5, 2024 E-13

ACTUARIAL ASSUMPTIONS
June 30, 2021 Valuation June 30, 2023 Valuation
 Participation at
Retirement
 Current Actives – 100%
 Current Retirees:
• In payment status – 100%
• Not in payment status – 50%
will re-elect at age 65
 Same

 Spouses  Actives
• Currently covered: current
marital status
• Not currently covered: 80%
married
 Retirees: current marital status
 Same
 Spouse Age  Males 3 years older than
females if not provided
 Same
 Surviving
Spouse
Participation
 100%  Same

September 5, 2024 E-14

ACTUARIAL ASSUMPTIONS
June 30, 2021 Valuation June 30, 2023 Valuation
 Future New
Entrants
 None – Closed Group  Same

September 5, 2024 E-15

ACTUARIAL ASSUMPTIONS
Assumptions June 30, 2023 Valuation
 Medical
Claims Cost
 Sample estimated 2024/25 monthly non-Medicare eligible claims costs:

Kaiser HealthNet HMO HealthNet PPO
Age Male Female Male Female Male Female
25 $317 $617 $622 $1,213 $740 $1,201
35 413 762 812 1,497 1,091 1,687
45 656 799 1,289 1,569 1,731 1,907
55 1,101 1,113 2,163 2,187 2,583 2,495
60 1,409 1,328 2,768 2,609 3,095 2,885
64 1,713 1,566 3,366 3,077 3,698 3,335
65 1,781 1,603 3,499 3,150 3,847 3,458
70 2,116 1,861 4,157 3,657 4,571 4,014
75 2,513 2,174 4,938 4,272 5,430 4,691
80 2,920 2,506 5,738 4,924 6,310 5,406
85 3,294 2,829 6,472 5,559 7,116 6,103

September 5, 2024 E-16

ACTUARIAL ASSUMPTIONS
Assumptions June 30, 2023 Valuation
 Data Quality  Our valuation used census data provided by the Department. We reviewed the data for reasonableness and resolved any questions with the Department. We believe the resulting data can be relied on for all purposes of this valuation without limitation.
 Actuarial
Modeling
 Our valuation was performed using and relying on ProVal, an actuarial model leased from WinTech. Our use of ProVal is consistent with its intended purpose. We have reviewed and understand ProVal and its operation, sensitivities and dependencies

September 5, 2024 E-17

ACTUARIAL ASSUMPTIONS
Assumptions June 30, 2023 Valuation
 Basis for
Assumptions
 CalPERS 2021 experience study covering 2000 to 2019 experience  Mortality improvement based on Society of Actuaries tables  Inflation based on our estimate for the Plan’s very long time horizon  Age-based claims are based on Society of Actuaries publications  Participation and coverage assumptions based in part on Plan experience
 Capital market assumptions based on 2021 Foster & Foster stochastic analysis, taking into account capital market assumptions of investment advisory firms
 Medical trends based on expectations over the short term blended into long term medical trends developed using the Society of Actuaries Getzen Model of Long-Run Medical Cost Trends

September 5, 2024 E-18

DEFINITIONS
 OPEB
Accrual
Accounting
• Project future employer-provided benefit cash flows for current active employees and current retirees
• Discount projected cash flow to valuation date using discount rate (assumed return on assets used to pay benefits) and other actuarial assumptions to determine present value of projected future benefits (PVB)
• Allocate PVB to past, current, and future periods using the actuarial cost method
• Actuarial cost method used for this valuation is the Entry Age Normal Cost method which determines Normal Cost as a level percentage of payroll (same method used by CalPERS)
• Normal Cost is amount allocated to current fiscal year • Actuarial Accrued Liability (AAL) is amount allocated to prior service with employer
• Unfunded AAL (UAAL) is AAL less plan assets pre-funded in a segregated and restricted trust
 PayGo Cost • Cash subsidy is employer pay-as-you-go benefit payments for retirees • Implicit subsidy is difference between actual cost of retiree benefits and retiree premiums subsidized by active employee premiums

September 5, 2024 E-19

DEFINITIONS
Present Value of Benefits

September 5, 2024 E-20

DEFINITIONS
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CITY OF PLEASANTON (NON-FIRE)

RETIREE HEALTHCARE PLAN
June 30, 2023 Actuarial Valuation
Plan Funding for 2024/25 and 2025/26

Doug Pryor, ASA, EA, MAAA
Katherine Moore, ASA, MAAA
Joseph Herm
Foster & Foster, Inc.

September 5, 2024
Contents

Topic Page
Benefit Summary 1
Participant Statistics 9
Actuarial Assumption Highlights 13
Actuarial Methods 18
Assets 21
Results 27
Actuarial Certification 38
Exhibits

Premiums E - 1
Data Summary E - 5
Actuarial Assumptions E - 11
Definitions E - 18

September 5, 2024 1

BENEFIT SUMMARY
Mgmt/Conf POA PCEA
 Eligibility  Retire directly from the City, service or disability retirement  Benefit  City paid medical premium, not greater than cap multiplied by percentage  If benefit paid after 65, caps based on Medicare eligible premiums  Medical
Benefit
Cap

Retired < 7/1/09 Retired < 7/1/09 Retired < 7/1/12
Kaiser EE+1
Retired ≥ 7/1/09 Retired ≥ 7/1/09 Retired ≥ 7/1/12
 Hired < 1/21/09
Lowest HMO EE+1
 Hired > 1/21/09
Lowest HMO EE
(until age 65)
 Hired < 1/1/09
Lowest HMO EE+1
 1/1/09 ≤ Hired < 1/1/12
 < 20 YOS
Lowest HMO EE
 > 20 YOS
Lowest HMO EE+1
 Hired > 1/1/12:
lowest HMO EE
(until age 65)
 Hired < 6/1/11
Lowest HMO EE+1
 Hired > 6/1/11
Lowest HMO EE
(until age 65)

September 5, 2024 2

BENEFIT SUMMARY
Mgmt/Conf POA PCEA
 Cap
Percentage
 Greater of 4% x Years
of Service and:

YOS %
10 75%
15 80
20 90
25 100
 Mgmt
 Hired < 1/1/09: all
CalPERS service
 Hired > 1/1/09: City
service only
 Conf: City service
only
 4% x Years of City
Service

 4% x Years of City
Service

September 5, 2024 3

BENEFIT SUMMARY
Mgmt/Conf POA PCEA
 23/24 Caps1
(pre/post
65)
 Cap
 Retired < 7/1/09:

Kaiser EE+1 $1,697/ $778
 Retired > 7/1/09:

Kaiser EE only $827/ $283
Kaiser EE+1 $1,653/ $566
 Cap
 Retired < 7/1/12:

Kaiser EE+1
$1,697/ $778
 Retired > 7/1/12:

Kaiser EE only
$827/ $283
Kaiser EE+1
$1,653/ $566
 Medical
Benefits –
Disability
Retirement
 City cap percentage based on years of service at retirement Years
% Years % Years % Years %
10 20 14 40 18 54 22 88
11 25 15 45 19 57 23 92
12 30 16 48 20 80 24 96
13 35 17 51 21 84 25 100

 Surviving
Spouses
 50% of retiree benefit for surviving spouses

1 For retired after 7/1/10, annual incr ease in City’s contribution is limited to 15% of lowest cost family premium

September 5, 2024 4

BENEFIT SUMMARY
Mgmt/Conf POA PCEA
 Council
Members
and
Pre-LPFD
Retirees
 Active Council members are not eligible
 The City pays a percent of the EE+1 Kaiser premium based on years of service for 4 retired Council members.
 Pre-LPFD: The City pays a percent of the EE+1 Kaiser premium based on years of service

September 5, 2024 5

BENEFIT SUMMARY
 Pay-As-
You-Go
Cost2
(amounts in $000’s)

2 Does not include professional service fees

September 5, 2024 6

BENEFIT SUMMARY

September 5, 2024 7

BENEFIT SUMMARY

September 5, 2024 8

BENEFIT SUMMARY
35 40 45 50 55 60 64
Cost by Age 1,389 1,558 1,819 2,172 2,539 2,990 3,517
Retiree Version 1 Premium 2,195 2,195 2,195 2,195 2,195 2,195 2,195 Retiree Version 2 Premium 2,176 2,176 2,176 2,176 2,176 2,176 2,176 $-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$Cost/Premium
Age
2024/25 Health Net PPO Plan - Single Coverage

September 5, 2024

9 PARTICIPANT STATISTICS
Actives

6/30/13 6/30/15 6/30/17 6/30/19 6/30/21 6/30/23
 Actives
 Count
 Dual Cap 298 264 207 173 143 109
 Single Cap 38 78 136 155 205 233
 Total 336 342 343 328 348 342
 Average
 Age 45.5 45.2 44.5 44.6 44.1 43.7
 Service 12.3 11.9 10.4 10.6 10.0 9.3
 PERSable Pay $89,900 $93,500 $100,500 $110,900 $108,600 $115,700  Total Pay (000’s) 30,212 31,988 34,470 36,372 37,797 39,562

September 5, 2024

10 PARTICIPANT STATISTICS
Retirees

6/30/13 6/30/15 6/30/17 6/30/19 6/30/21 6/30/23
 Retirees
 Count
 Reimbursement 240 269 302 327 345 368
 No reimbursement 24 26 35 34 40 51
 Total 264 295 337 361 385 419
 Average
 Age 64.5 65.4 65.8 66.9 67.9 68.9
 R e t A g e
o Service 56.6 56.7 56.7 56.5 56.6 56.7
o Disabled 47.7 47.4 46.6 47.1 46.8 46.8
 Est Monthly Cash
Benefit $738 $736 $694 $709 $694 $744

September 5, 2024

11 PARTICIPANT STATISTICS
June 30, 2023

Mgmt PCEA POA Council
Pre
LPFD Total
 Actives
 Count 68 203 71 - - 342
 Avg Age 48.4 44.1 38.1 n/a n/a 43.7
 Avg Service 9.3 9.3 9.2 n/a n/a 9.3
 Avg PERSable Pay 161,800 98,500 120,700 n/a n/a 115,700  Total Pay (000’s) 11,001 19,994 8,567 n/a n/a 39,562
 Retirees3
 Count 113 238 56 4 8 419
 Avg Age 70.4 69.1 62.7 81.9 78.0 68.9
 Avg Ret Age
 Service 56.3 57.7 51.8 58.9 55.4 56.7
 Disabled 42.2 42.6 47.0 n/a 51.4 46.8
 Est 22/23 Monthly Cash Benefit $803 $672 $948 $398 $703 $744

3 Includes 51 retirees not currently receiving benefits

September 5, 2024

12 PARTICIPANT STATISTICS
June 30, 2021

Mgmt PCEA POA Council
Pre
LPFD Total
 Actives
 Count 70 206 72 - - 348
 Avg Age 49.2 44.5 38.3 n/a n/a 44.1
 Avg Service 9.9 10.2 9.3 n/a n/a 10.0
 Avg Base Pay 149,000 91,600 117,900 n/a n/a 108,600
 Total Pay (000’s) 10,429 18,878 8,490 n/a n/a 37,797
 Retirees4
 Count 103 217 52 4 9 385
 Avg Age 69.7 67.9 61.4 79.9 77.9 67.9
 Avg Ret Age
 Service 56.3 57.5 51.8 58.9 55.9 56.6
 Disabled 42.2 41.9 47.0 n/a 51.7 46.8
 Est 21/22 Monthly Cash Benefit $785 $610 $881 $453 $727 $694

4 Includes 40 retirees not currently receiving benefits

September 5, 2024

13 ACTUARIAL ASSUMPTION HIGHLIGHTS
CERBT Investment Options

 2022 Asset Allocation (approved March 14, 2022)
Strategy 1 Strategy 2 Strategy 3
Global Equity 49% 34% 23%
Fixed Income 23% 41% 51%
TIPS 5% 5% 9%
Commodities 3% 3% 3%
REITs 20% 17% 14%
Total 100% 100% 100%

September 5, 2024

14 ACTUARIAL ASSUMPTION HIGHLIGHTS
Discount Rate
 Future expected returns
 Stochastic simulations of geometric average returns over 20 years  5,000 trials
 2.50% inflation assumption
 Projections based on 8 independent Investment Advisors 2021 10-year Capital Market Assumptions and where available, investment advisors anticipated long-term trends
 Confidence levels (based on 2022 asset allocations):

Strategy 1 Strategy 2 Strategy 3
50% Confidence Level 6.25% 5.75% 5.25%
55% Confidence Level 6.00% 5.50% 5.00%
60% Confidence Level 5.75% 5.25% 4.75%

 City currently in Strategy 1
 Recommend 6.25% discount rate

September 5, 2024

15 ACTUARIAL ASSUMPTION HIGHLIGHTS
June 30, 2021 Valuation June 30, 2023 Valuation
 Valuation Date  June 30, 2021
 Fiscal Years 22/23 & 23/24
 June 30, 2023
 Fiscal Years 24/25 & 25/26
 Discount Rate  6.25%, Pre-funded through
CERBT Strategy #1
 Same
 Payroll
Increases
 Aggregate increase –2.75%
 Merit Increases – CalPERS
2000-19 Experience Study
 Same
 General
Inflation
 2.50%  Same
 Retirement,
Mortality,
Disability,
Termination
 CalPERS 2000-2019
Experience Study
 Mortality improvement
projection Scale MP-2021
 Same

September 5, 2024

16 ACTUARIAL ASSUMPTION HIGHLIGHTS
June 30, 2021 Valuation June 30, 2023 Valuation
 Medical
Healthcare
Trend
Increase from Prior Year
Year
Non-
Medicare
Medicare
Kaiser Other
2021 Actual Premiums/Claims
2022 Actual Premiums/Claims
2023 6.50% 4. 60% 5.65%
2024 6.25% 4. 45% 5.45%
2025 6.00% 4. 35% 5.25%
2026 5.75% 4. 25% 5.05%
2027 5.55% 4. 20% 4.90%
2028 5.35% 4. 15% 4.75%
2029 5.15% 4. 10% 4.60%
2030 4.95% 4. 05% 4.45%
2031-35 4.80% 4.00% 4.35%
2036-45 4.65% 3.95% 4.25%
2046-55 4.50% 3.90% 4.20%
2056-65 4.35% 3.85% 4.15%
2066-75 4.05% 3.80% 3.95%
2076+ 3.75% 3.75% 3.75%
Increase from Prior Year
Year
Non-
Medicare
Medicare
Kaiser Other
2021 n/a
2022 n/a
2023 Actual Premiums/Claims
2024 Actual Premiums/Claims
2025 8.50% 6. 25% 7.50%
2026 7.90% 5. 65% 6.90%
2027 7.35% 5. 45% 6.50%
2028 6.75% 5. 25% 6.10%
2029 6.20% 5. 05% 5.70%
2030 5.60% 4. 85% 5.25%
2031 5.05% 4. 65% 4.85%
2032-38 4.45% 4.45% 4.45%
2039-40 4.35% 4.35% 4.35%
2041 4.30% 4. 30% 4.30%
↓ ↓ ↓ ↓
2076+ 3.45% 3.45% 3.45%

September 5, 2024

17 ACTUARIAL ASSUMPTION HIGHLIGHTS
June 30, 2021 Valuation June 30, 2023 Valuation
 Medicare
Eligible
 Actives
 Hired < 4/1/86: 80%
 Hired > 4/1/86: 100%
 Current retirees < 65:
 Hired < 4/1/86: 80%
 Hired > 4/1/86: 100%
 Everyone eligible for
Medicare will elect Part B
coverage
 Based on current retiree data
 Same

September 5, 2024

18 ACTUARIAL METHODS
June 30, 2021 Valuation June 30, 2023 Valuation
 Data  Participant data at 6/30/21  Participant data at 6/30/23  Cost Method  Entry Age Normal  Same
 Funding Policy  Full prefunding through
CERBT beginning fiscal year
2010/11
 Same
 Actuarial Value of
Assets
 Investment gains/losses
spread over a 5-year rolling
period
 Not less than 80% nor more
than 120% of market value
 Market value of assets
 Amortization
Method
 Level Percent of Payroll  Same

September 5, 2024

19 ACTUARIAL METHODS
June 30, 2021 Valuation June 30, 2023 Valuation
 Amortization
Period
 16 years from 6/30/22  14-year fixed period for
projected 6/30/22 UAAL
 15-year fixed period for
assumption and experience
gains and losses
 “Implicit
Subsidy”
 Employer cost for allowing retirees to participate, irrespective of employer contribution
 City demographics combined with Livermore-Pleasanton Fire Department for claims cost development
 Value implicit subsidy until Medicare eligibility or lifetime if not Medicare eligible

September 5, 2024

20 ACTUARIAL METHODS
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September 5, 2024

21 ASSETS
Market Value of Plan Assets
(000’s Omitted)

2020/21 2021/22 2022/23
Projected
2023/245
 Market Value
(Beginning of Year) $51,227 $65,303 $56,333 $59,924
 Trust Contribution 25 - - -
 Trust Withdrawals6 - (201) - -
 Administrative Expenses (29) (32) (28) (30)
 Net Investment Return 14,080 (8,737) 3,619 3,744
 Market Value
(End of Year) 65,303 56,333 59,924 63,638
 Approximate Annual Return 27.5% (13.4%) 6.4% 6.25%

5 Projection assumes no trust contributions or withdrawals in 2023/24 6 Additional benefit payments paid outside trust by the City.

September 5, 2024

22 ASSETS
Actuarial Value of Plan Assets
(000’s Omitted)

2020/21 2021/22 2022/23
 Actuarial Value
(Beginning of Year) $53,001 $58,320 $60,651
 Contributions 25 - -
 Trust Withdrawals - (201) -
 Administrative Expenses (29) (32) (28)
 Expected Earnings 3,577 3,644 3,790
 Expected AVA (End of Year) 56,574 61,731 64,413
 MVA (End of Year) 65,303 56,333 59,924
 1/5 of (MVA - Expected AVA) 1,746 (1,079) (898)
 Preliminary AVA 58,320 60,651 63,515
 Minimum AVA (80% of MVA) 52,243 45,067 47,939
 Maximum AVA (120% of MVA) 78,364 67,600 71,909
 Actuarial Value
(End of Year) 58,320 60,651 63,515
 Approximate Annual Return 10.0% 4.4% 4.8%

September 5, 2024

23 ASSETS
Historical Returns

11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 Market Value 1.8% 10.4% 18.1% -0.2% 1.1% 10.4% 7.9% 6.2% 3.7% 27.5% -13.4% 6.4% Expected Return 7.75% 7.61% 7.61% 7.61% 7.25% 7.25% 6 .75% 6.75% 6.75% 6.75% 6.25% 6.25% Actuarial Value 4.7% 6.2% 8.7% 6.8% 5.5% 6.5% 6.4% 6.4% 5.8% 10.0% 4.4% 4.8% (20%)
(15%)
(10%)
(5%)
0%
5%
10%
15%
20%
25%
30%

September 5, 2024

24 ASSETS
Historical Asset Changes
(000’s Omitted)

September 5, 2024

25 ASSETS
Actuarial Value of Assets

 Historical ADC’s based on smoothed Actuarial Value of Assets  Targeted 100% funding on a smooth path
 6/30/23 valuation
 Recommend change to market value
 Better reflect actual funded status
 Address contribution volatility due with 5 year ramp-up amortization on future investment gains/losses

September 5, 2024

26 ASSETS
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September 5, 2024

27 RESULTS
Funded Status
(000’s Omitted)

6/30/21 6/30/23
Projected
6/30/24
 Present Value of Benefits
 Actives $32,243 $33,505
 Retirees 50,548 57,163
 Total 82,791 90,668
 Actuarial Accrued Liability
 Actives 20,996 21,765
 Retirees 50,548 57,163
 Total 71,544 78,928 $80,991
 Assets7 58,320 59,924 63,638
 Unfunded Liability 13,224 19,004 17,352
 Funded Ratio
 Actuarial Assets 81.5% n/a n/a
 Market Assets 91.3% 75.9% 78.6%

7 Actuarial value of assets as of 6/30/21, market value of assets as of 6/30/23 and projected 6/30/24.

September 5, 2024

28 RESULTS
Actuarial Gain/Loss
(000’s Omitted)

AAL Assets UAAL
 Actual @ 6/30/2021 $71,544 $58,320 $13,224
 Expected @ 6/30/2023 75,143 64,151 10,993
 Changes
 Actual vs. expected premiums and claims 245 - 245
 Asset/Contribution gain - (4,227) 4,227
 Healthcare medical trend 5,105 - 5,105
 Other/Demographic8 (1,565) - (1,565)
 Total Increase/(Decrease) 3,785 (4,227) 8,011
 Actual @ 6/30/2023 78,928 59,924 19,004

8 Includes terminations and retir ements different than expected and medical coverage changes.

September 5, 2024

29 RESULTS
Historical Funded Status
(000’s Omitted)

September 5, 2024

30 RESULTS
Schedule of Funding Progress
(000’s Omitted)

Actuarial
Valuation
Date
Actuarial
Value of
Assets
(a)
Entry Age
Actuarial
Accrued
Liability
(b)
Unfunded
Actuarial
Accrued
Liability
(b-a)
Funded
Ratio
(a/b)
Covered
Payroll
(c)
UAAL as
Percentage
of Covered
Payroll
((b-a)/c)
6/30/13 $19,361 $74,631 $55, 270 25.9% $32,281 171.2%
6/30/15 33,015 77,076 44, 061 42.8% 33,742 130.6%
6/30/17 41,099 88,084 46, 985 46.7% 36,280 129.5%
6/30/19 48,991 80,869 31,878 60.6% 38,286 83.3%
6/30/21 58,320 71,544 13, 224 81.5% 40,944 32.3%
6/30/23 59,924 78,928 19, 004 75.9% 40,650 46.8%

September 5, 2024

31 RESULTS
Historical ADCs and Contributions
(000’s Omitted)

238%
100%
100% 100%
166%
81%
127%
97%
103% 99%
105% 98% 169%
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
Trust Contributions Net Ben Pmts - Cash Ben Pmts - IS
ADC
Percentage of ADC Contributed

September 5, 2024

32 RESULTS
Actuarially Determined Contribution (ADC)
(000’s Omitted)

6/30/21 Valuation 6/30/23 Valuation
2022/23 2023/24 2024/25 2025/26
 ADC - $
 Normal Cost9 $1,359 $1,356 $1,392 $1,395
 UAAL Amortization 1,062 1,173 1,601 1,645
 Total ADC 2,421 2,529 2,992 3,040
 Projected Payroll10 42,070 43,227 41,768 42,916
 ADC - %
 Normal Cost 3.2% 3.1% 3.3% 3.3%
 UAAL Amortization 2.5% 2.7% 3.8% 3.8%
 Total ADC 5.8% 5.9% 7.2% 7.1%

9 Includes $29, $30, $33, and $34 fo r CERBT administrative expenses in 2022/23, 2023/24, 2024/25, and 2025/26 respectively. Normal Cost includes impact of future hires with lowest tier benefits. 10 2022/23 and 2023/24 include ba se pay and approximately 5% loading for other PERSable earnings, projected one year with aggregate payroll growth assumption. 2022/23 PERSable earnings provided for 6/30/23 valuation and are projected forward to 2024/25 and 2025/26 with aggregate payroll growth assumption.

September 5, 2024

33 RESULTS
Actuarially Determined Contribution (ADC)
(000’s Omitted)

September 5, 2024

34 RESULTS
Amortization Bases
(000’s Omitted)

6/30/21 Valuation 6/30/23 Valuation
6/30/22 6/30/23 6/30/24 6/30/25
 2021 Valuation UAAL $12,596 $13,238 $12,892 $12,492
 Assumption Changes &
Experience (Gain)/Loss
 2023 Valuation - - 4,460 4,344
 Total 12,596 13,238 17,352 16,836

September 5, 2024

35 RESULTS
Amortization Payments
(000’s Omitted)

6/30/21 Valuation 6/30/23 Valuation
2022/23 2023/24 2024/25 2025/26
 2021 Valuation UAAL $1,062 $1,173 $1,205 $1,239
 Assumption Changes &
Experience (Gain)/Loss
 2023 Valuation - - 395 406
 Total 1,063 1,173 1,601 1,645
 Amortization Years 16.0 15.0 14.2 13.2

September 5, 2024

36 RESULTS
10-Year Projection11
(000’s Omitted)

FYE
June 30,
Contributions
Payroll
Contribution
as % of
Payroll
Benefit
Payments CERBT Total
2025 $4,434 $(1,442) $2,992 $41,768 7.2%
2026 4,800 (1,760) 3,040 42,916 7.1%
2027 5,150 (2,064) 3,086 44,097 7.0%
2028 5,357 (2,224) 3,133 45,309 6.9%
2029 5,636 (2,457) 3,179 46,555 6.8%
2030 5,721 (2,497) 3,224 47,836 6.7%
2031 5,752 (2,483) 3,269 49,151 6.7%
2032 5,975 (2,658) 3,317 50,503 6.6%
2033 6,215 (2,847) 3,368 51,892 6.5%
2034 6,340 (2,919) 3,421 53,319 6.4%

11 Includes projected impact of futu re hires with lowest tier benefits.

September 5, 2024

37 RESULTS
Estimated Benefit Payments
(000’s Omitted)

FYE
June 30,
Benefit Payments
Cash
Benefits
Implicit
Subsidy Total
2025 $3,406 $1,028 $4,434
2026 3,656 1,143 4,800
2027 3,886 1,264 5,150
2028 4,027 1,330 5,357
2029 4,196 1,440 5,636
2030 4,301 1,420 5,721
2031 4,446 1,306 5,752
2032 4,595 1,380 5,975
2033 4,756 1,459 6,215
2034 4,887 1,453 6,340

September 5, 2024

38 ACTUARIAL CERTIFICATION
This report presents the City of Pleasanton Retiree Healthcare Plan (“Plan”) June 30, 2023 actuarial valuation. The purpose of this valuation is to:
 Provide the Plan’s June 30, 2023 Benefit Obligations and Funded Status, and  Calculate the 2024/25 and 2025/26 Actuarially Determined Contributions.

Respectfully submitted,

Doug Pryor, ASA, EA, MAAA
Foster & Foster, Inc.

Katherine Moore, ASA, MAAA
Foster & Foster, Inc.

September 5, 2024 E-1

PREMIUMS
Retiree Premiums – Non Medicare Eligible
7/1/23– 6/30/24

12 Same as active premiums.

September 5, 2024 E-2

PREMIUMS
Premiums – Medicare Eligible
7/1/23 – 6/30/24

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 2
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Single 2-Party
Kaiser Sr. Advantage $389.21 $778.42 $282.89 $565.79
Health Net HMO 1,287.57 2,575.14 1,287.57 2,575.14
Health Net PPO 1,391.24 2,782.48 1,391.24 2,782.48
Health Net Senior Plus
PPO 352.63 705.26 352.63 705.26

September 5, 2024 E-3

PREMIUMS
Retiree Premiums – Non Medicare Eligible
7/1/24– 6/30/25

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 213
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Family Single 2-Party Family
Kaiser $942.53 $1,885.07 $2,507. 14 $918.85 $1,837.70 $2,444.14 HealthNet HMO 2,168.61 4,060.14 5,677.65 2,108.80 4,112.98 5,530.51 HealthNet PPO 2,194.57 4,718.38 5,905.33 2,176.37 4,679.26 5,854.55 HealthNet Smart
Care 1,538.05 3,306.82 4,537.24 1,538.05 3,306.82 4,537.24

13 Same as active premiums.

September 5, 2024 E-4

PREMIUMS
Premiums – Medicare Eligible
7/1/24 – 6/30/25

Version 1
PCEA (DOR<7/1/12),
IAFF (DOR<1/1/08),
POA & Mgmt/Conf
(DOR<7/1/09)
Version 2
PCEA (DOR>7/1/12),
IAFF (DOR>1/1/08),
POA & Mgmt/Conf
(DOR>7/1/09)
Plan Single 2-Party Single 2-Party
Kaiser Sr. Advantage $440.72 $881.44 $330.20 $660.40
Health Net HMO 1,372.57 2,745.14 1,372.57 2,745.14
Health Net PPO 1,476.24 2,952.48 1,476.24 2,952.48
Health Net Senior Plus
PPO 370.26 740.52 370.26 740.52

September 5, 2024 E-5

DATA SUMMARY
Medical Plan Participation
City Plans

Plan Actives
Retirees
< 65
> 65
Medicare
Eligible
> 65 Not
Medicare
Eligible
Kaiser 87% 90% 93% 94%
Health Net HMO 4% 3% 3% 6%
Health Net PPO 7% 2% 3% 0%
HealthNet Smart Care 2% 5% 1% 0%
Total 100% 100% 100% 100%

September 5, 2024 E-6

DATA SUMMARY
Active Medical Coverage

Plan Single 2-Party Family Waived Total
Kaiser 60 53 168 - 281
Health Net HMO 10 3 - - 13
Health Net PPO 24 - - - 24
Health Net Smart Care 4 - 3 - 7
Waived - - - 17 17
Total 98 56 171 17 342

September 5, 2024 E-7

DATA SUMMARY
Retiree Medical Coverage
Under 65

Plan Single 2-Party Family Total
Kaiser 18 44 15 77
Health Net HMO 1 1 1 3
Health Net PPO 1 1 - 2
Health Net Smart Care 1 3 - 4
Non City Plan 15 26 6 47
Not Receiving Benefits - - - 7
Total 36 75 22 140

September 5, 2024 E-8

DATA SUMMARY
Retiree Medical Coverage
Over 65
Medicare
Eligibility Plan Single 2-Party Family Total
Yes Kaiser Sr. Adv. 68 68 1 137
Health Net HMO Medicare 2 3 - 5
Health Net PPO Medicare 3 1 - 4
Health Net Senior Plus 2 - - 2
Subtotal 75 72 1 148
No Kaiser 14 3 - 17
Health Net HMO 1 - - 1
Health Net PPO - - - -
Health Net Smart Care - - - -
Subtotal 15 3 - 18
Unknown Non City Plan 15 54 - 69
Not Receiving Benefits - - - 44
Total 105 129 1 279

September 5, 2024 E-9

DATA SUMMARY
Actives by Age and Service

City Service
Age Under 1 1-4 5-9 10-14 15-19 20-24
25 &
Over Total
Under 25 1 1 - - - - - 2
25-29 6 20 8 - - - - 34
30-34 7 29 6 - - - - 42
35-39 4 12 15 10 2 - - 43
40-44 3 14 15 16 14 4 - 66
45-49 3 14 11 8 19 9 1 65
50-54 2 8 12 3 10 7 5 47
55-59 2 3 5 3 10 1 3 27
60-64 - 3 - 1 2 3 1 10
65 & Over - 1 2 - 1 2 - 6
Total 28 105 74 41 58 26 10 342

September 5, 2024 E-10

DATA SUMMARY
Medical Plan Coverage
Retirees by Age

Medical Coverage
Age Single 2-Party Family Waived Total
Under 50 2 - - 1 3
50-54 2 8 5 1 16
55-59 13 28 10 2 53
60-64 19 39 7 3 68
65-69 45 40 1 16 102
70-74 25 36 - 9 70
75-79 19 29 - 10 58
80 84 9 18 - 7 34
85 & Over 7 6 - 2 15
Total 141 204 23 51 419
Average Age 69.7 68.9 58.4 71.5 68.9

September 5, 2024 E-11

ACTUARIAL ASSUMPTIONS
June 30, 2021 Valuation June 30, 2023 Valuation
 CERBT
Administrative
Expenses
 0.05% of assets added to
Normal Cost
 Same
 Retirement  CalPERS 2000-2019
Experience Study
Misc Police
Classic Member
Benefit 2.7%@55 3%@50
ERA 59.5 54.2
Benefit 3%@55
ERA 57.1
PEPRA Member

Benefit 2%@62 2.7%@57
ERA 61.3 55.8

 CalPERS 2000-2019 Experience
Study
Misc Police
Classic Member
Benefit 2.7%@55 3%@50
ERA 59.4 54.2
Benefit 3%@55
ERA 57.2
PEPRA Member

Benefit 2%@62 2.7%@57
ERA 61.4 56.3

September 5, 2024 E-12

ACTUARIAL ASSUMPTIONS
June 30, 2021 Valuation June 30, 2023 Valuation
 Medical Plan at
Retirement
 Actives:
< 65 > 65
Med.

Elg.

Non Med.

Elig.

Kaiser 60% 60% 60%
HN HMO 5% 5% 5%
HN PPO 0% 0% 0%
Opt Out 35% 35% 35%
 Retirees: Same as current
medical plan
 Same
 Participation at
Retirement

 Current Actives – 100%
 Current Retirees:
 In payment status – 100%
 Not in payment status – 30%
will re-elect at age 65
 Same

September 5, 2024 E-13

ACTUARIAL ASSUMPTIONS
June 30, 2021 Valuation June 30, 2023 Valuation
 CalPERS
Service
 City service plus ½ service
between age 30 and City hire
date for non-Mgmt
 CalPERS service for Mgmt
 Same
 Cap Increase  Healthcare trend  Same
 Spouses  Actives
 Currently covered: current
marital status
 Not currently covered: 80%
married
 Retirees: current marital status
 Same
 Spouse Age  Males 3 years older than
females if not provided
 Same
 Surviving
Spouse
Participation
 100%  Same

September 5, 2024 E-14

ACTUARIAL ASSUMPTIONS
June 30, 2021 Valuation June 30, 2023 Valuation
 Future New
Entrants
 None – Closed Group  Same

September 5, 2024 E-15

ACTUARIAL ASSUMPTIONS
Assumptions June 30, 2023 Valuation
 Medical
Claims Cost
 Sample estimated 2024/25 monthly non-Medicare eligible claims costs:

September 5, 2024 E-16

ACTUARIAL ASSUMPTIONS
Assumptions June 30, 2023 Valuation
 Data Quality  Our valuation used census data provided by the City. We reviewed the data for reasonableness and resolved any questions with the City. We believe the resulting data can be relied on for all purposes of this valuation without limitation.
 Actuarial
Modeling
 Our valuation was performed using and relying on ProVal, an actuarial model leased from WinTech. Our use of ProVal is consistent with its intended purpose. We have reviewed and understand ProVal and its operation, sensitivities and dependencies

September 5, 2024 E-17

September 5, 2024 E-18

DEFINITIONS
 OPEB
Accrual
Accounting
 Project future employer-provided benefit cash flows for current active employees and current retirees
 Discount projected cash flow to valuation date using discount rate (assumed return on assets used to pay benefits) and other actuarial assumptions to determine present value of projected future benefits (PVB)
 Allocate PVB to past, current, and future periods using the actuarial cost method
 Actuarial cost method used for this valuation is the Entry Age Normal Cost method which determines Normal Cost as a level percentage of payroll (same method used by CalPERS)
 Normal Cost is amount allocated to current fiscal year  Actuarial Accrued Liability (AAL) is amount allocated to prior service with employer
 Unfunded AAL (UAAL) is AAL less plan assets pre-funded in a segregated and restricted trust
 PayGo Cost  Cash subsidy is employer pay-as-you-go benefit payments for retirees  Implicit subsidy is difference between actual cost of retiree benefits and retiree premiums subsidized by active employee premiums

September 5, 2024 E-19

DEFINITIONS
Present Value of Benefits

September 5, 2024 E-20

DEFINITIONS
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Pleasanton City CouncilJanuary 9, 2025

Pleasanton City Council
January 9, 2025