Pleasanton City Council
June 16, 2026

CITY COUNCIL

REGULAR MEETING AGENDA
Tuesday, June 16, 2026
7:00 PM
City Council Chamber
200 Old Bernal Avenue
Pleasanton, CA 94566

The meeting will be held in-person, broadcast live on Channel 29 and streamed live for viewing at the following links TV30 https://www.tri-valleytv.org, the City's website in the Meetings portal (a red dot will indicate a live meeting) https://www.cityofpleasantonca.gov/, and the City's YouTube channel: https://www.youtube.com/user/TheCityofPleasanton.

Public participation: It is requested that members of the public wishing to address the City Council submit a speaker card. When public comment is opened on an agenda item, individuals may speak once per agenda item.

To submit written public comment regarding an open session item on this meeting agenda visit https://forms.cityofpleasantonca.gov/f/writtenpubliccomment. Comments will be accepted by the City Clerk’s Office until 12:00 p.m. on the day of the Council meeting.

In Person at Council Chamber:
• Submit a physical speaker card to the City Clerk at the meeting. When your name is called, please provide comment at the podium.

CALL TO ORDER
• Welcome and Pledge of Allegiance - Cm. Gaidos
• Roll Call
Resolution No. 2026-049
Ordinance No. 2308

AGENDA AMENDMENTS

CONSENT CALENDAR
Items listed on the consent calendar are considered routine in nature and may be enacted by one motion. If discussion is required, that particular item will be removed from the consent calendar and will be considered separately.

City Manager

1. Approve meeting minutes of May 19, 2026

2. Introduce an ordinance updating the Pleasanton Municipal Code Title 2 to modify the duties, frequency of meetings, and maintenance of membership for the Civic Arts, Human Services, Library, and Parks and Recreation Commissions, and modify the membership and meeting frequency for the Youth Commission

3. Adopt a resolution amending the local Conflict of Interest Code and updating the list of designated positions required to file Statements of Economic Interests

City Council Agenda Page 2 of 4 June 16, 2026

Community and Economic Development

4. Approve and authorize the City Manager to execute second amendments to extend the term of the agreements with Hexagon, TJKM, and Fehr and Peers for on-call transportation consultant services, and approve an increase of $200,000 to the aggregate contract authorization, to a new total aggregate of $700,000 through June 30, 2027

5. Approve and authorize the City Manager to execute a Design Professional Services Agreement with Kier and Wright Civil Engineers and Surveyors, Inc., in the amount of $925,411 for the development, evaluation, and creation of a precise roadway alignment for El Charro Road (CIP 27501), and approve the related budget amendments
Finance

6. Accept the monthly disbursements and investment report for April 2026

7. Adopt a resolution approving Fiscal Year 2026/27 Investment Policy and Guidelines

8. Adopt a resolution approving the Fiscal Year 2026/27 Appropriations Limit

9. Approve Fiscal Year 2026/27 recurring purchase order agreements Human Resources

10. Authorize the City Manager to enter into a professional services agreement with Innovative Claim Solutions, Inc., to provide third-party administration of the City's workers' compensation program, for a three-year term through June 30, 2029, with the option to renew for two successive one-year terms, for a total not-to-exceed amount of $1,399,579 over five years
Library and Recreation

11. Authorize the City Manager to enter into the second amendment to the joint use agreement with Pleasanton Unified School District for the middle school gymnasiums
Public Works

12. Adopt a resolution approving rates for solid waste, recyclable materials, and organic materials collection for fiscal year 2026/27 as required by the Franchise Agreement between the City and Pleasanton Garbage Service, Inc.

13. Approve plans and special provisions, and authorize the City Manager to enter into an agreement with Villalobos and Associates in the amount of $127,490 for the 2026 Miscellaneous Sidewalk and Pathway Replacement Project, CIP No. 26511,

City Council Agenda Page 3 of 4 June 16, 2026

and approve a budget amendment to fund the project

14. Approve plans and special provisions, and authorize the City Manager to enter into an agreement with Frontline General Engineering, Inc., in the amount of $284,951 for the Sassafras Court Storm Drain Interceptor Project, CIP No. 22484; and authorize the Director of Public Works to approve and execute contract change orders from a project contingency not to exceed $44,843

15. Authorize the City Manager to enter into agreements with Core & Main LP for the water meter Advanced Metering Infrastructure (AMI) Capital Expenditure Project in an amount not to exceed $10,262,257 and the AMI Operation Expenditure Services in an amount not to exceed $2,514,096, and authorize a five percent aggregate contingency for the Water Meter and Advanced Metering Infrastructure Replacement Project, CIP No. 26137

MEETING OPEN TO THE PUBLIC

16. Presentation of a proclamation recognizing Juneteenth 2026

17. Presentation of a proclamation recognizing the 250th Anniversary of the United States

18. Public Comment regarding items not listed on the agenda – Speakers are limited to 3 minutes.

PUBLIC HEARINGS AND OTHER MATTERS
If necessary to ensure completion of the following items, the Mayor may alter time limits.

19. Adopt a resolution approving a policy establishing a process for public meeting disruptions under Senate Bill 707

20. Review an application for Sign Design Review to rebrand an existing 76 Gas Station and Circle K Market to Shell Gasoline and FastFill Market located at 4191 First Street, filed as Case No. P25-0300

MATTERS INITIATED BY COUNCIL

COUNCIL REPORTS
Brief reports on conferences, seminars, and meetings attended by the Council

CITY MANAGER UPDATES

ADJOURNMENT

Notice

City Council Agenda Page 4 of 4 June 16, 2026

Under Government Code §54957.5, any writings/documents regarding an open session item on this agenda and items received by the City Clerk’s Office by 12:00 p.m. on the day of the meeting provided to a majority of the City Council after distribution of the agenda packet will be available for public inspection on the City’s website https://www.cityofpleasantonca.gov/ and also at the Pleasanton Library located at 400 Old Bernal Ave., Pleasanton, CA 94566.

There is a 90-day limit for the filing of a challenge in the Superior Court to certain City administrative decisions and orders, which require a hearing by law, the receipt of evidence, and the exercise of discretion. The 90-day limit begins on the date the decision is final (Code of Civil Procedure § 1094.6). Further, if you challenge an action taken by the City Council in court, you may be limited, by California law, including but not limited to Government Code §65009, to raising only those issues you or someone else raised in the public hearing, or in written correspondence delivered to the City Council prior to or at the public hearing. The City Council may be requested to reconsider a decision if the request is made prior to the next City Council meeting, regardless of whether it is a regular or special meeting.

Accessible Public Meetings
The City of Pleasanton can provide special assistance for persons with disabilities to participate in public meetings. To make a request for a disability-related modification or accommodation (e.g., an assistive listening device), please contact the City Clerk’s Office at 123 Main Street, Pleasanton, CA 94566 or (925) 931-5027 at the earliest possible time. If you need translation or interpretation assistance, please provide at least two working days’ notice prior to the meeting date.

City Council Minutes Page 1 of 1 May 19, 2026

CITY OF PLEASANTON

CITY COUNCIL

MINUTES
Tuesday, May 19, 2026
5:00 PM

CALL TO ORDER
Mayor Balch called the Special Meeting Closed Session of the City Council to order at the hour of 5:03 p.m. from the Council Chamber located at 200 Old Bernal Avenue.

ROLL CALL

Present: Councilmembers Eicher, Gaidos, Nibert, Testa, Mayor Balch

Absent: None.

1. Public Comment - Comments are limited to items listed on the agenda.

Mayor Balch opened public comment. There being no speakers, Mayor Balch closed the public comment.

ADJOURN TO CLOSED SESSION

PUBLIC EMPLOYEE APPOINTMENT
Title: City Manager

2. PUBLIC EMPLOYEE APPOINTMENT
Title: City Manager

REPORT ON CLOSED SESSION
City Attorney Sodergren reported that there was no reportable action.

ADJOURNMENT
Mayor Balch adjourned the meeting at 6:55 p.m.
______________________
Jocelyn Kwong, City Clerk
Item #1

City Council Minutes Page 1 of 7 May 19, 2026

CITY OF PLEASANTON

CITY COUNCIL

MINUTES
Tuesday, May 19, 2026
7:00 PM

CALL TO ORDER
Mayor Balch called the Regular Meeting of the City Council to order at the hour of 7:05 p.m. from the Council Chamber located at 200 Old Bernal Avenue.

ROLL CALL

Present: Councilmembers Eicher, Gaidos, Nibert, Testa, Mayor Balch

Absent: None.

REPORT ON CLOSED SESSION
City Attorney Sodergren reported there was no reportable action during closed session.

AGENDA AMENDMENTS
City Manager Beaudin removed item 14 to be brought back on the June 2, 2026 City Council meeting and noted item 17 had additional supplemental material that was not included in the agenda packet.

CONSENT CALENDAR
Mayor Balch opened public comment. The following individuals provided comment:

Todd Nelson, Sharon Piekarski, and Lara Calvert.

Mayor Balch closed the public comment.

MOTION: It was m/s by Councilmember Gaidos/Councilmember Testa to approve the consent calendar as recommended. Motion passed by the following vote:

Ayes: Councilmembers Eicher, Gaidos, Nibert, Testa, Mayor Balch Noes: None

Absent: None
City Manager

1. Approve meeting minutes of April 21, 2026
Recomme
ndation: Approve meeting minutes of April 21, 2026.

2. Approve flying of the commemorative Progress Pride Flag pursuant to the City’s flag policy

City Council Minutes Page 2 of 7 May 19, 2026
Recommendation: Staff recommends that a member of the City Council request display of the Progress Pride Flag and authorize display of the commemorative Pride Flag for the month of June 2026.

Community and Economic Development

3. Adopt a resolution adopting the Pleasanton Transportation Safety Action Plan Recommendation: Adopt Resolution No. 2026-032 adopting the Pleasanton Transportation Safety Action Plan.

4. Authorize submittal of a Federal Grant Application to the United States Department of Transportation for the Safe Streets and Roads for All - Implementation Grant for the amount of $25,000,000
Recommendation: Authorize submittal of a Federal Grant Application to the United States Department of Transportation for the Safe Streets and Roads for All - Implementation Grant for the amount of $25,000,000.

5. Authorize the City Manager to enter into a design professional services agreement with Wood Rogers, Inc., for the I-580 Overcrossing Pedestrian and Bicycle Improvements project, CIP No. 22570, for a not-to-exceed amount of $482,940 Recomme
ndation: Approve and authorize the City Manager to execute the Design Professional Services Agreement (Attachment 1) with Wood Rogers, Inc., in the amount of $482,940, which includes a 20 percent contingency.

6. Approve the Housing and Human Services Grant Program and the Action Plan for the Use of Community Development Block Grant Program
a. Adopt a resolution approving the allocation of Housing and Human Services Grant Program funds for the fiscal year 2026/27 grant funding cycle and approve budget amendments
Recommendation: 1. Allocate $852,932 from non-General Fund sources listed to fund the applications as presented in Table A of the Resolution for human services- related and housing-related programs and projects, as follows:

CDBG Public Services
$57,667
CDBG Administration $76,890
CDBG Section 108 Loan $22,810
CDBG Capital $227,082
LIHF $402,075

City Council Minutes Page 3 of 7 May 19, 2026
HOME Programs $60,480
HOME Administration $5,928
TOTAL $852,932

2. Allocate $100,000 from the City General Fund to fund applications as presented in Table A of the Resolution for human services-related programs, as follows:

General Fund $100,000
TOTAL $100,000

3. Adopt Resolution No. 2026-033 approving the allocation of HHSG funds for FY 2026/27 (as listed in Table A of the Resolution) and authorize the City Manager and/or his designee to enter into individual contracts with each agency receiving HHSG funds and take all other actions necessary to carry out the HHSG program for FY 2026/27.

4. Approve the budget amendments related to non-General Fund allocations. b. Adopt a resolution approving the Annual Action Plan (fiscal year 2026-2027) for the Use of Federal Community Development Block Grant (CDBG) Funds Recommendation: Adopt Resolution No. 2026-034 approving the Annual Action Plan (FY 2026-2027) for the use of federal Community Development Block Grant (CDBG) funds.

Finance

7. Accept the monthly disbursements and investment report for March 2026 Recomme
ndation: Accept claim disbursements in the amount of $17,639,998 and the investment report for the month of March 2026.

8. Accept a report on City Manager-approved contracts and purchase orders for the quarter ended March 31, 2026
Recommendation: Staff recommends the City Council accept the report on City Manager-approved agreements for the quarter ended March 31, 2026.

Human Resources

9. Adopt a resolution approving the proposed Memorandum of Understanding between the City of Pleasanton and the Pleasanton Police Officers' Association with term ending May 31, 2029

City Council Minutes Page 4 of 7 May 19, 2026
Recommendation: Adopt Resolution No. 2026-035 approving the proposed Memorandum of Understanding between the City of Pleasanton and the Pleasanton Police Officers' Association with term ending May 31, 2029.

10. Public Hearing: Hold a public hearing and receive an informational report regarding the City’s vacancy rate, recruitment, and retention efforts, pursuant to Assembly Bill 2561 (Government Code Section 3502.3)
Recomme
ndation: Hold a public hearing and receive an informational report regarding the City’s vacancy rate, recruitment, and retention efforts, pursuant to Assembly Bill 2561 (Government Code Section 3502.3).

Library and Recreation

11. Authorize the City Manager to execute a five-year professional service agreement with CivicPlus for Recreation Management and Agenda and Meeting Management software in an amount not to exceed $563,423 and NextRequest in an amount not to exceed $92,629
Recomme
ndation:

1. Approve a five-year professional service agreement with CivicPlus for Recreation Management and Agenda and Meeting Management in an amount not to exceed $563,423

2. Approve a five-year agreement with CivicPlus for NextRequest public records management in an amount not to exceed $92,629.

Public Works

12. Adopt a resolution amending the fiscal year 2026/27 budget to incorporate a list of projects funded by Senate Bill 1, The Road and Repair Accountability Act of 2017 Recommendation: Adopt Resolution No. 2026-036 amending the FY 2026/27 budget to incorporate a list of street improvements to be funded by SB 1, the Road Repair and Accountability Act of 2017.

13. Authorize the City Manager to grant the Amador Theater property at 1155 Santa Rita Road to the Pleasanton Unified School District and adopt a resolution of summary vacation for access and utility easement at 1331 Santa Rita Road for the Pleasanton Unified School District
Recommendation:

1. Authorize the City Manager to execute a Grant Deed conveying the Amador Theater property back to the PUSD.

City Council Minutes Page 5 of 7 May 19, 2026

2. Adopt Resolution No. 2026-037 of Summary Vacation for the AUE, reserving a 20-foot-wide strip of utility easement along the Santa Rita Road frontage for current and future public utilities.

3. Authorize the City Manager to execute a Quitclaim Deed for the AUE.

4. Authorize the City Clerk to record the Grant Deed and Quitclaim Deed with the Alameda County Clerk-Recorder.

MEETING OPEN TO THE PUBLIC

14. Presentation of a proclamation declaring June 2026 as Pride Month Item continued to June 2, 2026.

15. Public Comment regarding items not listed on the agenda – Speakers are limited to 3 minutes.

Mayor Balch opened public comment. The following individuals provided comment:

Kenneth Salsmon, Sharon Piekarski, Dan Morley, Gerry Gire, Tony Shuga, Roy, and Isabel Gomez.

Mayor Balch closed the public comment.

PUBLIC HEARINGS AND OTHER MATTERS

16. Adopt a resolution accepting the Fiscal Year 2026/27 Mid-Term Update for Operating and Capital Budget, and approve a revised five-year Water Capital Improvement Program
Recommendation: Adop
t Resolution No. 2026-038 accepting the Fiscal Year 2026/27 Mid-Term Update for Operating and Capital Budget, and approve a revised five-year Water Capital Improvement Program.

Mayor Balch opened public comment. There being no speakers, Mayor Balch closed the public comment.

MOTION: It was m/s by Testa/Eicher to approve the item as recommended. Motion passed by the following vote:

Ayes: Councilmembers Eich
er, Gaidos, Nibert, Testa, Mayor Balch
Noes: None

Absent: None
Mayor Balch called a recess
at 8:44 p.m. and reconvened at 8:51 p.m.

City Council Minutes Page 6 of 7 May 19, 2026

17. A) Adopt a resolution certifying the Final Environmental Impact Report (FEIR); and B) Introduce an ordinance approving:
(1) Annexations (P18-0078) of parcels totaling 130.98 acres from unincorporated Alameda County to the City of Pleasanton;
(2) General Plan Amendments (P18-0079) redesignating residential areas from Open Space–Public Health and Safety to Low Density Residential and open space areas from Low Density Residential to either Open Space–Public Health and Safety or Open Space–Parks and Recreation;
(3) Rezoning (P18-0081) parcels from Pre-Zoned PUD–OS-A&G/OS-PH&S/LDR/HOZ (Planned Unit Development–Open Space–Agriculture and Grazing/Open Space–Public Health and Safety/Low Density Residential/Housing Opportunity Zone) Districts to PUD–OS-A&G/OS-PH&S/LDR (Planned Unit Development–Open Space–Agriculture and Grazing/Open Space–Public Health and Safety/Low Density Residential) Districts; (4) A Planned Unit Development (PUD-130) to construct 28 detached single-family residences, demolish and reconstruct two existing single-family residences, and install related on- and off-site improvements and infrastructure; and (5) A Vesting Tentative Tract Map (Tract 8569) to subdivide parcels totaling 128.5 acres into either single-family lots or private and public open space; and C) Introduce an Ordinance approving a Pre-Annexation and Development Agreement Recommendation:

1. Adopt Resolution No. 2026-039 certifying that the Final Environmental Impact Report for Hidden Canyon Residences and Preserve has been completed in compliance with the California Environmental Quality Act (CEQA).

2. Introduce Ordinance No. 2304 making the findings and approving the applications of: (1) Annexation (P18-0078) of parcels totaling approximately 130.98 acres; (2) General Plan Amendments (P18-0079) redesignating areas with: (a) new residential from Open Space-Public Health and Safety to Low Density Residential, and (b) private or public open space areas from Low Density Residential to Open Space – Public Health and Safety or Open Space-Parks and Recreation; (3) Rezoning (P18-0081) parcels from Pre-zoned-PUD-OS-A&G/OS- PH&S/LDR/HOZ to PUD-OS-A&G/OS-PH&S/LDR District; (4) a Planned Unit Development (PUD) development plan (PUD-130) to construct 28 single-family residential units, demolish and reconstruct two single-family homes, install related on- and off-site modifications and infrastructure, construct a staging area for public access to the Pleasanton Ridge, and dedicate land to the East Bay Regional Park District (EBRPD); and (5) a Vesting Tentative Tract Map (TRACT 8569) to subdivide 128.5 acres into: (a) 30 single-family lots and roadway; (b) private open space; and (c) public open space dedicated to the EBRPD; and

3. Introduce Ordinance No. 2305 approving the Pre-Annexation and Development Agreement.

City Council Minutes Page 7 of 7 May 19, 2026
Mayor Balch opened public comment. The following individuals provided comment:

Sarah Jane Hollister, Robert Devany, Guy Houston, and the project applicant, Jeff Schroeder.

Mayor Balch closed the public comment.

MOTION: It was m/s by Eicher/Gaidos to approve the item as recommended. Motion passed by the following vote:

Ayes: Councilmembers Eicher, Gaidos, Nibert, Testa, Mayor Balch Noes: None

Absent: None

MATTERS INITIATED BY COUNCIL
Councilmember Nibert requested a resolution that would address the disposition of the FCI Dublin facility based on findings of the new environmental assessment, resolving that the location would not become an ICE detention center. The item failed for lack of majority support.

Councilmember Testa requested an ordinance addressing single-use plastic to-go utensils and materials used at Pleasanton restaurants. The item failed for lack of majority support. The City Council requested that the StopWaste report provided on this topic be transmitted to the full City Council for their review and awareness.

COUNCIL REPORTS

Councilmembers reported on regional and local meetings attended.

CITY MANAGER UPDATES
The City Manager provided informational updates on the community and organization.

ADJOURNMENT
Mayor Balch adjourned the meeting at 10:42 p.m.
______________________
Jocelyn Kwong, City Clerk

Item #2

CITY COUNCIL AGENDA REPORT

June 16, 2026
Library and Recreation

TITLE: INTRODUCE AN ORDINANCE UPDATING THE PLEASANTON MUNICIPAL CODE TITLE 2 TO MODIFY THE DUTIES, FREQUENCY OF MEETINGS, AND

MAINTENANCE OF MEMBERSHIP FOR THE CIVIC ARTS, HUMAN SERVICES,

LIBRARY, AND PARKS AND RECREATION COMMISSIONS, AND MODIFY THE

MEMBERSHIP AND MEETING FREQUENCY FOR THE YOUTH COMMISSION

SUMMARY
In 2025, following the adoption of the Fiscal Year (FY) 2025-2027 biennial budget, which reduced available resources supporting commissions and committees, the City Council established an ad hoc subcommittee to evaluate the structure and sustainability of the City's five advisory bodies managed by the Library and Recreation Department. This proposed resolution (Attachment 1) reflects a collaborative process — drawing on input from staff, commissioners, and the ad hoc subcommittee — to balance the meaningful contributions advisory bodies make through subject-matter expertise and community voice with the practical constraints of reduced staff resources.

RECOMMENDATION
Introduce an ordinance updating the Pleasanton Municipal Code Title 2 to modify the duties, frequency of meetings, and maintenance of membership for the Civic Arts, Human Services, Library, and Parks and Recreation Commissions, and modify the membership and meeting frequency for the Youth Commission.

BACKGROUND
The City operates seven advisory commissions and two committees: the Civic Arts Commission, Library Commission, Parks and Recreation Commission, Human Services Commission, Youth Commission, Planning Commission, Energy and Environment Commission, Economic Vitality Committee, and the Bicycle, Pedestrian, and Trails Committee.

These bodies provide advisory support to the City Council across a broad range of policy areas.

In response to budget reductions that significantly reduced available resources supporting commissions and committees, the City Council established an ad hoc subcommittee to evaluate the structure and sustainability of the City's five advisory bodies managed by the Library and Recreation Department. The ad hoc subcommittee met in October 2025, December 2025, and April 2026 to review potential adjustments to the Civic Arts, Human Services, Library, Parks and Recreation, and Youth Commissions.

At those meetings, the ad hoc subcommittee identified key priorities:
• Commissioners should bring passion and expertise, conduct research, and provide the City Council with actionable policy recommendations.

• Commissions should communicate feedback to the City Council regularly. • Greater diversity among commissioners and across commission subject areas is desired.
• Commissioners should serve as promoters and advocates for their areas in the community.
• Standardized expectations for all commissioners should be established. • The current commission structure should be maintained to the extent possible.

In response, staff conducted outreach to four individual commissions, gathered feedback on proposed changes, and developed a comprehensive set of recommendations.

Structural changes and proposed duties were discussed at these commission meetings:
• Youth Commission — February 11, 2025
• Parks and Recreation Commission — February 12, 2025
• Civic Arts Commission — March 2, 2025
• Library Commission — March 5, 2025

As the Human Services Commission is currently paused, no meeting was held during this time, and no feedback was solicited.

DISCUSSION
The following summarizes feedback from the four commissions (Civic Arts, Library, Parks and Recreation, and Youth) as well as staff and ad hoc subcommittee recommendations.

General Recommendations
Biennial Commission/Committee/City Council Workplan Workshop Staff heard general feedback from many commissions requesting earlier, more structured involvement in City planning and budget processes. Accordingly, staff recommends a joint commission/committee and City Council workshop in the first quarter of odd-numbered years, aligned with the two-year budget, with all commissions and committees participating. This will give the City Council an opportunity to hear and provide direction on each advisory body's work plan. The City Council would then adopt the work plans through the budget process to ensure appropriate alignment between commission activities and available staff and financial resources. This would also allow each commission chair to learn about the priorities of the other commissions and committees within the City, building a broader citywide perspective.

Meeting Frequency
For the Civic Arts, Library, and Parks and Recreation Commissions, staff, and the ad hoc subcommittee recommend that the commission frequency be reduced to at least quarterly, allowing the commissions to continue in the near term with existing staff resources. This change was discussed with the three commissions, as outlined in more detail below. These proposed short-term modifications will allow the commissions to continue for the current fiscal year, pending additional discussion following the citywide Organizational Assessment and the next two-year budget process. Additionally, reducing these three commissions to quarterly will allow staff capacity to bring back the Human Services Commission at a quarterly cadence as

well.

Due to the change in meeting frequency from at least six times per year to at least four times per year, staff recommends updating the maintenance of membership sections for these four commissions to modify the number of allowable absences from "one-third of the regular meetings within a six-month period" to "one-quarter of regular meetings within a twelve-month period."

Individual Commissions - Feedback and Other Changes
The ad hoc subcommittee and staff also recommend minor changes to each commission, as outlined in the Pleasanton Municipal Code (PMC) Title 2 and discussed in more detail below.

Civic Arts Commission
The Civic Arts Commission agreed to at least quarterly meetings, with the adoption of ad hoc subcommittees to work on projects related to the commission's duties on an as-needed basis between quarterly meetings. These subcommittees would bring items back to the full commission for consideration. Additionally, strong communication from staff was requested between meetings.

The commission expressed a preference for retaining existing duties while incorporating the following introductory paragraph, clarifying the advisory role:

"The function of the commission shall be to serve in an advisory capacity to the department and the City Council regarding City policies, programs, and services within its scope of expertise, specifically on matters pertaining to cultural, visual, performing, and public art." (The introductory paragraph, as recommended by the commission, did not include the advisory role to the department. This was added at staff's recommendation to better note the relationship between the commission, staff, and City Council).

Recommendation: The ad hoc subcommittee and staff recommend quarterly meetings and amended duty language, as discussed above. Additionally, it is recommended that duty #8 be amended to include language related to available funding: "Review and recommend grant funding allocations to City Council for the Community Grant Program, Civic Arts Category, when money is available."

Human Services Commission
Recommendation: Staff recommends quarterly meetings and amended duty language to add the introductory paragraph: "The function of the commission shall be to serve in an advisory capacity to the department and City Council regarding City policies, programs, and services within its scope of expertise, specifically on matters pertaining to human services." As noted above, reducing the frequency of the Civic Arts, Library, and Parks and Recreation commissions to quarterly will allow staff capacity to bring back the Human Services Commission at a quarterly cadence as well.

Library Commission
Key themes from the Library Commission's March 5 meeting include:

1. Desire to continue to meet at least six times per year.

2. Strong interest in meaningful inclusion in the budget process, including input on library hours and programming decisions.

3. Request for greater clarity in duty language, particularly around budget, capital improvement program (CIP), programs, work plan, and community outreach, specifically for community members to be able to contact commissioners.

4. Preference for retaining active-voice language about what commissioners do and how they gather community feedback, and opposition to language perceived as reducing the commission's defined responsibilities or independence.

Of additional note for the Library Commission:

PMC Section 2.33 establishes a Library Board of Trustees in alignment with Education Code 18900. This spells out that the City Council acts as the Board of Trustees and allocates duties specifically to the Library Commission. Section 2.33.050 C. states, “The powers of the board are delegated to the Pleasanton library commission except that the following actions shall not be final until approved by the board:

1. Approval of the operating and capital budgets for the library;

2. Acquisition of real property;

3. Issuance of debt;

4. Adoption of major policies related to library operation, including those related to fees, fines, and hours of operation.”

The existing duties continue to align the City Council’s role as the Library Board of Trustees, while delegating the advisory functions to the Library Commission.

Recommendation: The ad hoc subcommittee and staff recommend quarterly meetings and keeping the existing duties, with the addition of the following introductory paragraph: "The function of the commission shall be to serve in an advisory capacity to the department and City Council regarding City policies, programs, and services within its scope of expertise, specifically related to the library." (The introductory paragraph, as recommended by the commission, did not include the advisory role to the department. This was added at staff's recommendation to better note the relationship between the commission, staff, and City Council).

Parks and Recreation Commission
The Parks and Recreation Commission shared general agreement that a work plan meeting and City Council adoption of the work plan through the two-year budget process would build the appropriate resources for commission work. The commission supports moving to quarterly meetings, with strong communication with staff between meetings. Regarding commission duties, the commissioners believe the existing duties work well and support adding an introductory paragraph.

Recommendation: The ad hoc subcommittee and staff recommend quarterly meetings and keeping existing duties with the addition of the following introductory paragraph to better define

the commission’s role: "The function of the commission shall be to serve in an advisory capacity to the department and City Council regarding City policies, programs, and services within its scope of expertise, specifically on matters pertaining to public parks, off-street trails, open space, and recreation." (The introductory paragraph, as recommended by the commission, did not include the advisory role to the department. This was added at staff's recommendation to better note the relationship between the commission, staff, and City Council).

Youth Commission
Commission members expressed support for both removing grade delineations and the proposed shift to an October–April meeting calendar. Commissioners also recommended extending term limits for youth commissioners, from two, two-year terms to three, two-year terms. This way, if students started in 7th grade, they could continue through 12th grade.

Recommendation: The ad-hoc subcommittee and staff recommend the following changes to the Youth Commission:
• Remove specific grade delineations and state membership criteria simply as "three from middle school and 12 from high school." Strive to balance grade levels through the recruitment process and attempt to balance representation from all public schools. • Modify meeting schedule to once per month from October through April (aligned with the school calendar).
• Increase outreach to Educational Options High School (Village High) to ensure equitable representation.

It is not recommended to change the term structure at this point, as the goal is to allow more students to participate in the commission.

Administrative Updates
In addition to the structural changes outlined above, staff developed a comprehensive set of administrative tools and processes to strengthen the consistency and effectiveness of all City commissions and committees. These tools were developed with input from staff liaisons across all bodies, will apply to all commissions and committees throughout the City, and are ready for implementation in the upcoming recruitment cycle.

1. Commission & Committee Recruitment Guide
Staff has developed a new recruitment guide covering all active commissions and committees.

The guide provides prospective applicants with detailed information about each body's role, meeting requirements, community engagement expectations, and ideal candidate profile. It also establishes general qualifications for commissioners, emphasizing commitment to public service, collaborative capacity, and alignment with the ONE Pleasanton Strategic Plan. The guide will be available during future recruitment cycles to support consistent, informed candidate evaluation.

2. Commission & Committee Chair/Vice Chair Training Curriculum Staff has also developed a robust training curriculum for new and returning commission chairs and vice chairs. Delivered as a two-hour workshop, the curriculum covers:
• Roles, responsibilities, and time commitments (including chair and vice chair duties) • Brown Act compliance and serial communication restrictions • Meeting facilitation and conflict resolution (Chairs/Vice Chairs) • Communication standards with staff and Council
• Professional conduct and etiquette, including social media guidelines • Equity and community perspective
• City governance, strategic plan alignment, and budget cycle

3. Commission Liaison Staff Training Curriculum
Staff has developed a parallel training curriculum for City staff serving as commission liaisons.

This two-hour workshop covers governance structure, Brown Act compliance, agenda development in partnership with commission chairs, staff report preparation, meeting facilitation support, and effective management of volunteer commissioner relationships. An initial training session will be conducted for all current liaisons to establish organizational consistency, followed by annual training for incoming liaisons.

For Future Consideration:

Update Commission and Committee Accountability Protocols Accountability protocols set consistent standards for all commission and committee members.

Staff recommends consideration of the following accountability protocols:
• City Council Liaison Program: Each commission will be assigned a City Council Member liaison, appointed annually by the Mayor, to serve as the primary point of contact and escalation resource between the commission and the City Council. • Three-Step Issue Escalation Process: A structured process for addressing concerns related to attendance, conduct, or participation — beginning with an informal staff liaison call, progressing to formal written notice, and culminating in Council Liaison/Mayoral intervention if needed.
• Attendance Policy: Clarifying and establishing attendance thresholds. • Commissioner Handbook, Code of Conduct Update: Standards covering integrity and impartiality, respect and civility, confidentiality, role clarity, social media conduct, and compliance with the Brown Act and applicable law.

Staff will develop more detailed outlines of these protocols, or a selection of them, for review by the City Council at a future date.

Staff will also review any recommendations regarding these commissions from the citywide organizational assessment as part of the broader conversation regarding staffing and priorities

during the biennial budget process.

EQUITY AND SUSTAINABILITY
Committees and commissions are structured to include diverse voices from throughout the Pleasanton community.

OUTREACH
Structural changes and proposed duties were discussed at these commission meetings:
• Youth Commission — February 11, 2025
• Parks and Recreation Commission — February 12, 2025
• Civic Arts Commission — March 2, 2025
• Library Commission — March 5, 2025

STRATEGIC PLAN ALIGNMENT
Approval of this action advances the ONE Pleasanton Citywide strategic plan strategy of Optimizing Our Organization, Strategy 4 - Evaluate the organization’s structure of community engagement opportunities, such as commissions and committees, to improve information sharing, optimize staff efficiency, and provide greater service to the community.

FISCAL IMPACT
There is no fiscal impact associated with this action.

Prepared by: Submitted by: Approved by:

Heidi Murphy, Director of
Library and Recreation
Alexa Jeffress, Assistant City Manager

Acting City Manager

Attachments:

1. Ordinance

ATTACHMENT 1

ORDINANCE NO.

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PLEASANTON AMENDING MUNICIPAL CODE TITLE 2 TO MODIFY THE DUTIES,

MEETING FREQUENCY, AND MAINTENANCE OF MEMBERSHIP OF THE

CIVIC ARTS, HUMAN SERVICES, LIBRARY, AND PARKS AND
RECREATION COMMISSIONS; AND THE MEETING FREQUENCY AND

MEMBERSHIP OF THE YOUTH COMMISSION

WHEREAS, the City's advisory commissions provide important focus on key issues for various segments of the community, for which the commissions then distill, add their own expertise, and make recommendations to the City Council; and

WHEREAS, a City Council ad-hoc subcommittee was formed and met from late 2025 through early 2026, and the Civic Arts, Library, Parks and Recreation, and Youth Commissions have also met to review and make recommendations for updates to their commission's respective duties and meeting frequency.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES HEREBY ORDAIN AS FOLLOWS:

SECTION 1. Finds that the proposed amendments to the Pleasanton Municipal Code have no possibility to have a significant effect on the environment per Title 14 California Code of Regulations (CEQA Guidelines) § 15061(b)(3).

SECTION 2. Amends the Pleasanton Municipal Code as shown in Exhibit A, attached, and incorporated by this reference, to modify the duties, meeting frequency, and maintenance of membership of the Civic Arts, Human Services, Library, and Parks and Recreation Commissions; and the meeting frequency and membership of the Youth Commissions.

SECTION 3. A summary of this ordinance shall be published once within fifteen (15) days after its adoption in "The Valley Times," a newspaper of general circulation published in the City of Pleasanton, and the complete ordinance shall be posted for fifteen (15) days in the City Clerk's office within fifteen (15) days after its adoption.

SECTION 4. This ordinance shall be effective thirty (30) days after its passage and adoption.

{Signatures and votes to follow on the next page}

2 The foregoing Ordinance was introduced at a regular meeting of the City Council of the City of Pleasanton on June 16, 2026, by the following vote:

Ayes:

Noes:

Absent:

Abstain:

______________________________
Jack Balch, Mayor

ATTEST:

____________________________
Jocelyn Kwong, City Clerk

APPROVED AS TO FORM:

____________________________
Daniel G. Sodergren, City Attorney

3 EXHIBIT A

CIVIC ARTS COMMISSION

Amends §2.39.020 Duties, by adding the following:
§2.39.020 Duties.

The function of the commission shall be to serve in an advisory capacity to the department and the city council regarding city policies, programs, and services within its scope of expertise, specifically on matters pertaining to cultural, visual, performing, and public art.

The duties of the Pleasanton civic arts commission shall include the following:

A. Develop a commission workplan to be provided to city council for consideration during the budget process. The workplan should be based on the goals and strategies outlined in the ONE Pleasanton Strategic Plan as well as the role of the commission.

B. Review and recommend policies and plans to the city council related to arts and culture.

C. Seasonally, review the adopted civic arts budget, program and service plans, and key performance indicators.

D. Advise the city council on services and capital projects related to arts and culture.

E. Review and provide recommendations for all works of art to be acquired, relocated, altered or removed by the city as outlined in the Pleasanton Municipal Code Section 13.16.

F. As a community leader, receive arts and culture related feedback from the community.

G. Act as an advocate for arts and culture within the community.

H. Review and recommend grant funding allocations to city council for the community grant program, civic arts category, when money is available.

I. Serve as liaison between the city and other arts and culture-related entities including, but not limited to: local municipalities, local nonprofits, Alameda County, state, and national agencies.

Amends § 2.39.050 Maintenance of membership, sections A and C, as follows:

§ 2.39.050 Maintenance of membership.

A. Persons appointed to the commission shall continue to serve as members of the commission except when:

1. The commissioner’s term of office on the commission expires;

2. The commissioner voluntarily resigns from the commission;

3. The commission is absent from one-third one quarter of the regular meetings within a six-monthtwelve-month period as provided in subsection C of this section;

4. The commissioner fails to maintain a primary residence within the city;

5. The commissioner is employed with the city in a capacity related to the

4 duties of the commission.

C. The following procedures shall apply to termination of office as a result of absences from commission meetings:

1. At the end of each six twelve-month period, the secretary of the commission shall report the attendance record of each member of the commission to the city manager, who shall transmit the record to the city council.

2. The city manager shall notify, in writing, any commissioner who has been absent more than one-thirdquarter or more of regular meetings during the course of a twelve-month period and request that the commissioner submit, in writing, to the city council the reasons for the absences.

3. The city council shall determine if the commissioner’s reasons for the absences were justified. If the city council determines that the reasons for the failure of the member to attend the meetings in question were not justified, the city council shall terminate the term of office of the commissioner and declare the office vacant.

4. If the city council declares such office vacant, the city clerk shall notify the commissioner that the commissioner’s term has been officially terminated.

Amends § 2.39.080 Meetings, section A, as follows:

§ 2.39.080 Meetings.

A. The commission shall meet on a monthly basis at a predetermined time and place, but shall meet at least six times each calendar yearat least four times per calendar year at a predetermined time and place.

B. Special meetings may be called by the chairperson or by a majority of the commissioners, the city manager, and/or the city council, provided written notice is given 48 hours in advance of the special meeting to the following: each commissioner, local newspapers of general circulation, and anyone filing written request for notice with the city clerk. Notice of meetings shall comply in all respects with section 54950 et seq., of the government code, known commonly as the Ralph M. Brown act.

C. All meetings shall be open to the public and shall follow a prepared agenda.

Minutes of all meetings shall be kept and filed with the city clerk.

D. Four commissioners allowed to vote need to be present to constitute a quorum and a vote to approve or deny shall only occur upon a majority vote of the commissioners present who are allowed to vote.

5 HUMAN SERVICES COMMISSION

Amends §2.28.020 Duties, as follows:
§2.28.020 Duties.

The function of the commission shall be to serve in an advisory capacity to the department and the city council regarding city policies, programs, and services within its scope of expertise, specifically on matters pertaining to human services.

The duties of the Pleasanton human services commission shall include the following:

A. Develop a commission workplan to be provided to city council for consideration during the budget process. The workplan should be based on the goals and strategies outlined in the ONE Pleasanton Strategic Plan as well as the role of the commission.

B. Review and recommend policies and plans to the city council related to the human services needs of the community. Emphasis will be given to the human services needs of the socially and economically disadvantaged, the elderly, and youth. socially and economically disadvantaged, the elderly, and youth.

C. Seasonally, review and advise staff on programs and service plans related to human service needs of the community and provide feedback on the evaluation metrics at workplan’s completion.

D. Advise the city council on services and capital projects related to the Eastern Alameda County Human Services Needs Assessment.

E. As community leaders, be aware of and identify human services needs and related feedback from the community and advocate for those community needs.

F. Review and evaluate requests from human services providers for financial assistance, endorsements, grants, and other types of assistance; make recommendations to the City Council regarding such requests.

G. Serve as liaison between the city and other regional human service providers including, but not limited to: local municipalities, local nonprofits, Alameda County, state, and national agencies.

Amends § 2.28.050 Maintenance of membership, sections A and C, as follows:

§ 2.28.050 Maintenance of membership.

A. Persons appointed to the commission shall continue to serve as members of the commission except when:

1. The commissioner’s term of office on the commission expires;

2. The commissioner voluntarily resigns from the commission;

3. The commission is absent from one-thirdone-quarter of the regular meetings within a six twelve-month period as provided in subsection C of this section;

4. The commissioner fails to maintain a primary residence within the city;

5. The commissioner is employed with the city in a capacity related to the duties of the commission.

6 C. The following procedures shall apply to termination of office as a result of absences from commission meetings:

1. At the end of each sixtwelve-month period, the secretary of the commission shall report the attendance record of each member of the commission to the city manager, who shall transmit the record to the city council.

2. The city manager shall notify, in writing, any commissioner who has been absent more than one-third quarter or more of regular meetings during the course of a sixtwelve-month period and request that the commissioner submit, in writing, to the city council the reasons for the absences.

3. The city council shall determine if the commissioner’s reasons for the absences were justified. If the city council determines that the reasons for the failure of the member to attend the meetings in question were not justified, the city council shall terminate the term of office of the commissioner and declare the office vacant.

4. If the city council declares such office vacant, the city clerk shall notify the commissioner that the commissioner’s term has been officially terminated.

Amends § 2.28.080 Meetings, section A, as follows:

§ 2.28.080 Meetings.

A. The commission shall meet at least sixfour times per year on the first Wednesday of each month at a time and place set by the commission. The commission may approve an alternate meeting date.

B. Special meetings may be called by the chairperson or by a majority of the commissioners, the city manager, and/or the city council, provided written notice is given 48 hours in advance of the special meeting to the following: each commissioner, local newspapers of general circulation, and anyone filing written request for notice with the city clerk. Notice of meetings shall comply in all respects with section 54950 et seq., of the government code, known commonly as the Ralph M. Brown act.

C. All meetings shall be open to the public and shall follow a prepared agenda.

Minutes of all meetings shall be kept and filed with the city clerk.

D. Four commissioners allowed to vote need to be present to constitute a quorum and a vote to approve or deny shall only occur upon a majority vote of the commissioners present who are allowed to vote.

7 LIBRARY COMMISSION

Amends §2.34.020 Duties, by adding the following:
§ 2.34.020 Duties.

The function of the commission shall be to serve in an advisory capacity to the department and city council regarding city policies, programs, and services within its scope of expertise, specifically related to the library.

The duties of the Pleasanton library commission shall include the following:

A. Develop a commission workplan to be provided to city council for consideration during the budget process. The workplan should be based on the goals and strategies outlined in the ONE Pleasanton Strategic Plan as well as the role of the commission.

B. Review and recommend policies to the city council related to library services.

C. Seasonally, review the adopted library budget, program and service plans, and key performance indicators.

D. Advise the city council on capital projects related to library facilities.

E. As community leaders, receive library related feedback from the community.

F. Act as an advocate for library and cultural programs, services and facilities within the community.

G. Serve as liaison between the city and other library-related entities including, but not limited to: local municipalities, local nonprofits, Alameda County, state, and national agencies.

Amends § 2.34.050 Maintenance of membership, sections A and C, as follows:

§ 2.34.050 Maintenance of membership.

A. Persons appointed to the commission shall continue to serve as members of the commission except when:

1. The commissioner’s term of office on the commission expires;

2. The commissioner voluntarily resigns from the commission;

3. The commission is absent from one-third quarter of the regular meetings within a sixtwelve- month period as provided in subsection C of this section;

4. The commissioner fails to maintain a primary residence within the city;

5. The commissioner is employed with the city in a capacity related to the duties of the commission.

C. The following procedures shall apply to termination of office as a result of absences from commission meetings:

1. At the end of each sixtwelve- month period, the secretary of the commission shall report the attendance record of each member of the commission to the city manager, who shall transmit the record to the city council.

2. The city manager shall notify, in writing, any commissioner who has been

8 absent more than one-third of regular meetings during the course of a six- month period and request that the commissioner submit, in writing, to the city council the reasons for the absences.

3. The city council shall determine if the commissioner’s reasons for the absences were justified. If the city council determines that the reasons for the failure of the member to attend the meetings in question were not justified, the city council shall terminate the term of office of the commissioner and declare the office vacant.

4. If the city council declares such office vacant, the city clerk shall notify the commissioner that the commissioner’s term has been officially terminated.

Amends § 2.34.080 Meetings, section A, as follows:

§ 2.34.080 Meetings.

A. Regular meetings shall be held at least sixfour times per year on the first Thursday of each month at a time and place set by the commission. The commission may approve an alternate meeting date.

B. Special meetings may be called by the chair or by a majority of the commissioners, the city manager, and/or the city council provided written notice is given 48 hours in advance of the special meeting to the following: each commissioner, local newspapers of general circulation, and anyone filing written request for notice with the city clerk. Notice of meetings shall comply in all respects with Section 54950 et seq., of the Government Code, known commonly as the Ralph M. Brown Act.

C. All meetings shall be open to the public and shall follow a prepared agenda.

Minutes of all meetings shall be kept and filed with the city clerk.

D. Four commissioners allowed to vote need to be present to constitute a quorum and a vote to approve or deny shall only occur upon a majority vote of the commissioners present who are allowed to vote.

9 PARKS AND RECREATION COMMISSION
Amends §2.32.020 Duties, by adding the following:

§ 2.32.020 Duties.

The function of the commission shall be to serve in an advisory capacity to the department and city council regarding city policies, programs, and services within its scope of expertise, specifically on matters pertaining to public parks, off- street trails, open space, and recreation. The duties of the parks and recreation commission shall include the following:

A. Develop a commission workplan to be provided to the city council for consideration during the budget process. The workplan should be based on the goals and strategies outlined in the ONE Pleasanton Strategic Plan as well as the role of the commission.

B. Review and recommend policies to the city council related to parks, trails and recreational facilities, programs and services.

C. Seasonally, review and advise city staff on program and service plans related to the parks and recreational needs of the community and provide feedback on the evaluation metrics at workplan's completion.

D. Advise the city council on capital projects related to parks, trails and recreational facilities.

E. As community leaders, receive parks, trails, and recreation related feedback from the community.

F. Act as an advocate for parks, trails, and recreation related programs, services and facilities within the community.

G. Serve as liaison between the city and other regional parks, trails and recreational-based entities including, but not limited to: local municipalities, local nonprofits, Alameda County, state, and national agencies.

Amends § 2.32.050 Maintenance of membership, sections A and C, as follows:

§ 2.32.050 Maintenance of membership.

A. Persons appointed to the commission shall continue to serve as members of the commission except when:

1. The commissioner’s term of office on the commission expires;

2. The commissioner voluntarily resigns from the commission;

3. The commission is absent from one-thirdquarter of the regular meetings within a sixtwelve-month period as provided in subsection C of this section;

4. The commissioner fails to maintain a primary residence within the city;

5. The commissioner is employed with the city in a capacity related to the duties of the commission.

C. The following procedures shall apply to termination of office as a result of absences from commission meetings:

6. At the end of each sixtwelve-month period, the secretary of the

10 commission shall report the attendance record of each member of the commission to the city manager, who shall transmit the record to the city council.

7. The city manager shall notify, in writing, any commissioner who has been absent more than one-thirdquarter or more of regular meetings during the course of a sixtwelve-month period and request that the commissioner submit, in writing, to the city council the reasons for the absences.

8. The city council shall determine if the commissioner’s reasons for the absences were justified. If the city council determines that the reasons for the failure of the member to attend the meetings in question were not justified, the city council shall terminate the term of office of the commissioner and declare the office vacant.

9. If the city council declares such office vacant, the city clerk shall notify the commissioner that the commissioner’s term has been officially terminated.

Amends § 2.32.080 Meetings, section A, as follows:

§ 2.32.080 Meetings.

A. Regular meetings shall be held at least sixfour times per year on the second Thursday of each month at a time and place set by the commission. The commission may approve an alternate meeting date.

B. Special meetings may be called by the chairperson or by a majority of the commissioners, the city manager, and/or the city council, provided written notice is given 48 hours in advance of the special meeting to the following: each commissioner, local newspapers of general circulation, and anyone filing written request for notice with the city clerk. Notice of meetings shall comply in all respects with Section 54950 et seq., of the Government Code, known commonly as the Ralph M. Brown Act.

C. All meetings shall be open to the public and shall follow a prepared agenda.

Minutes of all meetings shall be kept and filed with the city clerk.

D. Four commissioners allowed to vote need to be present to constitute a quorum and a vote to approve or deny shall only occur upon a majority vote of the commissioners present who are allowed to vote.

11 YOUTH COMMISSION

Amends §2.29.030 Memberships-Appointments, section B, as follows:

§ 2.29.030 Memberships—Appointments.

A. The commission shall have 15 regular commissioners, all of whom shall be residents of the city.

B. The 15 regular commissioners shall include: students from middle school; six students who are high school freshmen or sophomores; and six students who are high school juniors or seniors. three students from middle school and 12 students from high school.

C. Commissioners shall be appointed by the Mayor subject to ratification by the city council, as provided in the adopted city resolution establishing procedures for appointments to boards and commissions.

D. Commissioners shall be eligible to participate in all activities of the commission.

E. Commissioners shall be compensated as established by city council resolution or as allowed by state law.

Amends § 2.29.080 Meetings, section A, as follows:

§ 2.29.080 Meetings.

A. Regular meetings shall be held on the second Wednesday of each month, SeptemberOctober through MayApril, at a time and place set by the commission.

The commission may approve an alternate meeting date.

B. Special meetings may be called by the chairperson or by a majority of the commissioners, the city manager, and/or the city council, provided written notice is given 48 hours in advance of the special meeting to the following: each commissioner, local newspapers of general circulation, and anyone filing written request for notice with the city Clerk. Notice of meetings shall comply in all respects with Section 54950 et seq., of the Government Code, known commonly as the Ralph M. Brown Act.

C. All meetings shall be open to the public and shall follow a prepared agenda.

Minutes of all meetings shall be kept and filed with the city Clerk.

D. Eight commissioners need to be present to constitute a quorum and a vote to approve or deny shall only occur upon a majority vote of the commissioners present who are allowed to vote.

Item #3

CITY COUNCIL AGENDA REPORT

June 16, 2026
City Clerk

TITLE: ADOPT A RESOLUTION AMENDING THE LOCAL CONFLICT OF INTEREST

CODE AND UPDATING THE LIST OF DESIGNATED POSITIONS REQUIRED TO

FILE STATEMENTS OF ECONOMIC INTERESTS

SUMMARY
California law requires the City to regularly update its local conflict of interest code. The proposed resolution updates the local conflict of interest code to reflect the State’s amendments to the model code, as well as changed staff positions subject to public disclosure requirements.

RECOMMENDATION
Adopt a resolution amending the local Conflict of Interest Code and updating the list of designated positions required to file Statements of Economic Interests.

BACKGROUND
The California Political Reform Act (the Act) requires each city to adopt a local conflict of interest code (See California Government Code (GC) §§81000 et seq. and GC §§ 87306 and 87306.5). The policy goal of the Act is to ensure that public officials do not make government decisions in which the official has a financial conflict of interest. The California Fair Political Practices Commission (FPPC) adopts a model local conflict of interest code which cities may adopt as their own local code.

Pleasanton has historically adopted the FPPC’s model local code with modifications that reflect Pleasanton’s elected officials, appointed commissioners and committee members, and staff positions subject to varying levels of public disclosure of economic interests. The City last updated its local conflict of interest code in 2024 (Resolution No. 2024-016). This current update reflects changes to the FPPC’s model code, as well as changed staff positions.

DISCUSSION
Since the last update of the City’s local conflict of interest code, City staff titles and positions have been updated, including those created as a result of the creation of the Community and Economic Development department.

The proposed resolution amending the local conflict of interest code (Attachment 1) includes the FPPC’s model code in Exhibit A, and the revised City positions in Appendix A.

EQUITY AND SUSTAINABILITY
Not applicable, as this item is an administrative matter of City business.

OUTREACH

Not applicable, as this item is an administrative matter of City business.

STRATEGIC PLAN ALIGNMENT
Not applicable, as this item is an administrative matter of City business.

FISCAL IMPACT
There is no direct fiscal impact associated with this action.

Prepared by: Submitted by: Approved by:

Jocelyn Kwong, City Clerk Jocelyn Kwong, City Clerk

Acting City Manager

Attachments:

1. Resolution of Local Conflict of Interest Code 2026

ATTACHMENT 1
RESOLUTION NO. 2026-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON AMENDING

THE LOCAL CONFLICT OF INTEREST CODE, AND UPDATING THE LIST OF

DESIGNATED POSITIONS REQUIRED TO FILE STATEMENTS OF ECONOMIC

INTERESTS

WHEREAS, the California Political Reform Act requires each public agency to adopt a local Conflict of Interest Code (see Cal. Government Code §§87306 and 87306.5); and

WHEREAS, the California Fair Political Practices Commission (“FPPC”) has a Model Local Conflict of Interest Code at Title 2 Cal. Code of Regulations §18730 that can be incorporated by reference by any city or county as its Local Conflict of Interest Code, which the City did by Resolution No. 2024-016; and

WHEREAS, such local Conflict of Interest Code designates employees and elected and appointed officials who are involved in governmental decision-making, and requires some of them to make certain public disclosures regarding their sources of income (such as investments, interests in real property and business positions), in order to avoid potential conflicts of interest.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Pleasanton, that the FPPC’s Model Code, attached as Exhibit A and any amendments to it duly adopted by the FPPC, and Appendices A and B, are hereby incorporated by reference and shall constitute the Local Conflict of Interest Code for the City.

BE IT FURTHER RESOLVED that persons holding designated positions listed in the Appendices shall file Statements of Economic Interest pursuant to Section 5 of the Local Conflict of Interest Code with the information required for the disclosure categories assigned to them. The City Clerk shall retain the statements and make them available upon public request.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on June 16, 2026.

I, Jocelyn Kwong, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on the 16th day of June 2026 by the following vote:

Ayes:

Noes:

Absent:

Abstain:
__________________________
Jocelyn Kwong, City Clerk

APPROVED AS TO FORM:

____________________________
Daniel G. Sodergren, City Attorney

Resolution No. 2026-

EXHIBIT A
Adoption by reference of the FPPC Model
Local Conflict of Interest Code

2 C.C.R. § 18730. Provisions of Conflict of Interest Codes. (a) Incorporation by reference of the terms of this regulation along with the designation of employees and the formulation of disclosure categories in the Appendix referred to below constitute the adoption and promulgation of a conflict of interest code within the meaning of Section 87300 or the amendment of a conflict of interest code within the meaning of Section 87306 if the terms of this regulation are substituted for terms of a conflict of interest code already in effect. A code so amended or adopted and promulgated requires the reporting of reportable items in a manner substantially equivalent to the requirements of article 2 of chapter 7 of the Political Reform Act, Sections 81000, et seq. The requirements of a conflict of interest code are in addition to other requirements of the Political Reform Act, such as the general prohibition against conflicts of interest contained in Section 87100, and to other state or local laws pertaining to conflicts of interest.
(b) The terms of a conflict of interest code amended or adopted and promulgated pursuant to this regulation are as follows:
(1) Section 1. Definitions.

The definitions contained in the Political Reform Act of 1974, regulations of the Fair Political Practices Commission (Regulations 18110, et seq.), and any amendments to the Act or regulations, are incorporated by reference into this conflict of interest code. (2) Section 2. Designated Employees.

The persons holding positions listed in the Appendix are designated employees. It has been determined that these persons make or participate in the making of decisions which may foreseeably have a material effect on economic interests. (3) Section 3. Disclosure Categories.

This code does not establish any disclosure obligation for those designated employees who are also specified in Section 87200 if they are designated in this code in that same capacity or if the geographical jurisdiction of this agency is the same as or is wholly included within the jurisdiction in which those persons must report their economic interests pursuant to article 2 of chapter 7 of the Political Reform Act, Sections 87200, et seq.

In addition, this code does not establish any disclosure obligation for any designated employees who are designated in a conflict of interest code for another agency, if all of the following apply:
(A) The geographical jurisdiction of this agency is the same as or is wholly included within the jurisdiction of the other agency;
(B) The disclosure assigned in the code of the other agency is the same as that required under article 2 of chapter 7 of the Political Reform Act, Section 87200; and (C) The filing officer is the same for both agencies.1 Such persons are covered by this code for disqualification purposes only. With respect to all other designated employees, the disclosure categories set forth in the Appendix specify which kinds of economic interests are reportable. Such a designated employee shall disclose in the employee's statement of economic interests those economic interests the employee has which are of the kind described in the disclosure

Resolution No. 2026-

categories to which the employee is assigned in the Appendix. It has been determined that the economic interests set forth in a designated employee's disclosure categories are the kinds of economic interests which the employee foreseeably can affect materially through the conduct of the employee's office.
(4) Section 4. Statements of Economic Interests: Place of Filing.

The code reviewing body shall instruct all designated employees within its code to file statements of economic interests with the agency or with the code reviewing body, as provided by the code reviewing body in the agency's conflict of interest code.2 (5) Section 5. Statements of Economic Interests: Time of Filing. (A) Initial Statements. All designated employees employed by the agency on the effective date of this code, as originally adopted, promulgated and approved by the code reviewing body, shall file statements within 30 days after the effective date of this code.

Thereafter, each person already in a position when it is designated by an amendment to this code shall file an initial statement within 30 days after the effective date of the amendment.
(B) Assuming Office Statements. All persons assuming designated positions after the effective date of this code shall file statements within 30 days after assuming the designated positions, or if subject to State Senate confirmation, 30 days after being nominated or appointed.
(C) Annual Statements. All designated employees shall file statements no later than April 1. If a person reports for military service as defined in the Servicemember's Civil Relief Act, the deadline for the annual statement of economic interests is 30 days following the person's return to office, provided the person, or someone authorized to represent the person's interests, notifies the filing officer in writing prior to the applicable filing deadline that the person is subject to that federal statute and is unable to meet the applicable deadline, and provides the filing officer verification of the person's military status.
(D) Leaving Office Statements. All persons who leave designated positions shall file statements within 30 days after leaving office.
(5.5) Section 5.5. Statements for Persons Who Resign Prior to Assuming Office.

Any person who resigns within 12 months of initial appointment, or within 30 days of the date of notice provided by the filing officer to file an assuming office statement, is not deemed to have assumed office or left office, provided the person did not make or participate in the making of, or use the person's position to influence any decision and did not receive or become entitled to receive any form of payment as a result of the person's appointment. Such persons shall not file either an assuming or leaving office statement. (A) Any person who resigns a position within 30 days of the date of a notice from the filing officer shall do both of the following:
(1) File a written resignation with the appointing power; and (2) File a written statement with the filing officer declaring under penalty of perjury that during the period between appointment and resignation the person did not make, participate in the making, or use the position to influence any decision of the agency or receive, or become entitled to receive, any form of payment by virtue of being appointed to the position.
(6) Section 6. Contents of and Period Covered by Statements of Economic Interests.

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(A) Contents of Initial Statements.

Initial statements shall disclose any reportable investments, interests in real property and business positions held on the effective date of the code and income received during the 12 months prior to the effective date of the code.
(B) Contents of Assuming Office Statements.

Assuming office statements shall disclose any reportable investments, interests in real property and business positions held on the date of assuming office or, if subject to State Senate confirmation or appointment, on the date of nomination, and income received during the 12 months prior to the date of assuming office or the date of being appointed or nominated, respectively.
(C) Contents of Annual Statements. Annual statements shall disclose any reportable investments, interests in real property, income and business positions held or received during the previous calendar year provided, however, that the period covered by an employee's first annual statement shall begin on the effective date of the code or the date of assuming office whichever is later, or for a board or commission member subject to Section 87302.6, the day after the closing date of the most recent statement filed by the member pursuant to Regulation 18754.
(D) Contents of Leaving Office Statements.

Leaving office statements shall disclose reportable investments, interests in real property, income and business positions held or received during the period between the closing date of the last statement filed and the date of leaving office. (7) Section 7. Manner of Reporting.

Statements of economic interests shall be made on forms prescribed by the Fair Political Practices Commission and supplied by the agency, and shall contain the following information:
(A) Investment and Real Property Disclosure.

When an investment or an interest in real property 3 is required to be reported, 4 the statement shall contain the following:

1. A statement of the nature of the investment or interest;

2. The name of the business entity in which each investment is held, and a general description of the business activity in which the business entity is engaged;

3. The address or other precise location of the real property;

4. A statement whether the fair market value of the investment or interest in real property equals or exceeds $2,000, exceeds $10,000, exceeds $100,000, or exceeds $1,000,000.
(B) Personal Income Disclosure. When personal income is required to be reported,5 the statement shall contain:

1. The name and address of each source of income aggregating $500 or more in value, or $50 or more in value if the income was a gift, and a general description of the business activity, if any, of each source;

2. A statement whether the aggregate value of income from each source, or in the case of a loan, the highest amount owed to each source, was $1,000 or less, greater than $1,000, greater than $10,000, or greater than $100,000;

3. A description of the consideration, if any, for which the income was received;

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4. In the case of a gift, the name, address and business activity of the donor and any intermediary through which the gift was made; a description of the gift; the amount or value of the gift; and the date on which the gift was received;

5. In the case of a loan, the annual interest rate and the security, if any, given for the loan and the term of the loan.
(C) Business Entity Income Disclosure. When income of a business entity, including income of a sole proprietorship, is required to be reported,6 the statement shall contain:

1. The name, address, and a general description of the business activity of the business entity;

2. The name of every person from whom the business entity received payments if the filer's pro rata share of gross receipts from such person was equal to or greater than $10,000.
(D) Business Position Disclosure. When business positions are required to be reported, a designated employee shall list the name and address of each business entity in which the employee is a director, officer, partner, trustee, employee, or in which the employee holds any position of management, a description of the business activity in which the business entity is engaged, and the designated employee's position with the business entity.
(E) Acquisition or Disposal During Reporting Period. In the case of an annual or leaving office statement, if an investment or an interest in real property was partially or wholly acquired or disposed of during the period covered by the statement, the statement shall contain the date of acquisition or disposal.
(8) Section 8. Prohibition on Receipt of Honoraria.
(A) No member of a state board or commission, and no designated employee of a state or local government agency, shall accept any honorarium from any source, if the member or employee would be required to report the receipt of income or gifts from that source on the member's or employee's statement of economic interests. (B) This section shall not apply to any part-time member of the governing board of any public institution of higher education, unless the member is also an elected official. (C) Subdivisions (a), (b), and (c) of Section 89501 shall apply to the prohibitions in this section.
(D) This section shall not limit or prohibit payments, advances, or reimbursements for travel and related lodging and subsistence authorized by Section 89506. (8.1) Section 8.1. Prohibition on Receipt of Gifts in Excess of $630. (A) No member of a state board or commission, and no designated employee of a state or local government agency, shall accept gifts with a total value of more than $630 in a calendar year from any single source, if the member or employee would be required to report the receipt of income or gifts from that source on the member's or employee's statement of economic interests. (B) This section shall not apply to any part-time member of the governing board of any public institution of higher education, unless the member is also an elected official.
(C) Subdivisions (e), (f), and (g) of Section 89503 shall apply to the prohibitions in this section.

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(8.2) Section 8.2. Loans to Public Officials.
(A) No elected officer of a state or local government agency shall, from the date of the election to office through the date that the officer vacates office, receive a personal loan from any officer, employee, member, or consultant of the state or local government agency in which the elected officer holds office or over which the elected officer's agency has direction and control. (B) No public official who is exempt from the state civil service system pursuant to subdivisions (c), (d), (e), (f), and (g) of Section 4 of Article VII of the Constitution shall, while he or she holds office, receive a personal loan from any officer, employee, member, or consultant of the state or local government agency in which the public official holds office or over which the public official's agency has direction and control. This subdivision shall not apply to loans made to a public official whose duties are solely secretarial, clerical, or manual. (C) No elected officer of a state or local government agency shall, from the date of the election to office through the date that the officer vacates office, receive a personal loan from any person who has a contract with the state or local government agency to which that elected officer has been elected or over which that elected officer's agency has direction and control. This subdivision shall not apply to loans made by banks or other financial institutions or to any indebtedness created as part of a retail installment or credit card transaction, if the loan is made or the indebtedness created in the lender's regular course of business on terms available to members of the public without regard to the elected officer's official status.
(D) No public official who is exempt from the state civil service system pursuant to subdivisions (c), (d), (e), (f), and (g) of Section 4 of Article VII of the Constitution shall, while the official holds office, receive a personal loan from any person who has a contract with the state or local government agency to which that elected officer has been elected or over which that elected officer's agency has direction and control. This subdivision shall not apply to loans made by banks or other financial institutions or to any indebtedness created as part of a retail installment or credit card transaction, if the loan is made or the indebtedness created in the lender's regular course of business on terms available to members of the public without regard to the elected officer's official status. This subdivision shall not apply to loans made to a public official whose duties are solely secretarial, clerical, or manual.
(E) This section shall not apply to the following:

1. Loans made to the campaign committee of an elected officer or candidate for elective office.

2. Loans made by a public official's spouse, child, parent, grandparent, grandchild, brother, sister, parent-in-law, brother-in-law, sister-in-law, nephew, niece, aunt, uncle, or first cousin, or the spouse of any such persons, provided that the person making the loan is not acting as an agent or intermediary for any person not otherwise exempted under this section.

3. Loans from a person which, in the aggregate, do not exceed $500 at any given time.

4. Loans made, or offered in writing, before January 1, 1998.

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(8.3) Section 8.3. Loan Terms.
(A) Except as set forth in subdivision (B), no elected officer of a state or local government agency shall, from the date of the officer's election to office through the date the officer vacates office, receive a personal loan of $500 or more, except when the loan is in writing and clearly states the terms of the loan, including the parties to the loan agreement, date of the loan, amount of the loan, term of the loan, date or dates when payments shall be due on the loan and the amount of the payments, and the rate of interest paid on the loan. (B) This section shall not apply to the following types of loans:

1. Loans made to the campaign committee of the elected officer.

2. Loans made to the elected officer by his or her spouse, child, parent, grandparent, grandchild, brother, sister, parent-in-law, brother-in-law, sister- in-law, nephew, niece, aunt, uncle, or first cousin, or the spouse of any such person, provided that the person making the loan is not acting as an agent or intermediary for any person not otherwise exempted under this section.

3. Loans made, or offered in writing, before January 1, 1998. (C) Nothing in this section shall exempt any person from any other provision of Title 9 of the Government Code.
(8.4) Section 8.4. Personal Loans.
(A) Except as set forth in subdivision (B), a personal loan received by any designated employee shall become a gift to the designated employee for the purposes of this section in the following circumstances:

1. If the loan has a defined date or dates for repayment, when the statute of limitations for filing an action for default has expired.

2. If the loan has no defined date or dates for repayment, when one year has elapsed from the later of the following:
a. The date the loan was made.
b. The date the last payment of $100 or more was made on the loan. c. The date upon which the debtor has made payments on the loan aggregating to less than $250 during the previous 12 months. (B) This section shall not apply to the following types of loans:

1. A loan made to the campaign committee of an elected officer or a candidate for elective office.

2. A loan that would otherwise not be a gift as defined in this title.

3. A loan that would otherwise be a gift as set forth under subdivision (A), but on which the creditor has taken reasonable action to collect the balance due.

4. A loan that would otherwise be a gift as set forth under subdivision (A), but on which the creditor, based on reasonable business considerations, has not undertaken collection action. Except in a criminal action, a creditor who claims that a loan is not a gift on the basis of this paragraph has the burden of proving that the decision for not taking collection action was based on reasonable business considerations.

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5. A loan made to a debtor who has filed for bankruptcy and the loan is ultimately discharged in bankruptcy.
(C) Nothing in this section shall exempt any person from any other provisions of Title 9 of the Government Code.
(9) Section 9. Disqualification.

No designated employee shall make, participate in making, or in any way attempt to use the employee's official position to influence the making of any governmental decision which the employee knows or has reason to know will have a reasonably foreseeable material financial effect, distinguishable from its effect on the public generally, on the official or a member of the official's immediate family or on:
(A) Any business entity in which the designated employee has a direct or indirect investment worth $2,000 or more;
(B) Any real property in which the designated employee has a direct or indirect interest worth $2,000 or more;
(C) Any source of income, other than gifts and other than loans by a commercial lending institution in the regular course of business on terms available to the public without regard to official status, aggregating $500 or more in value provided to, received by or promised to the designated employee within 12 months prior to the time when the decision is made;
(D) Any business entity in which the designated employee is a director, officer, partner, trustee, employee, or holds any position of management; or (E) Any donor of, or any intermediary or agent for a donor of, a gift or gifts aggregating $500 or more provided to, received by, or promised to the designated employee within 12 months prior to the time when the decision is made.
(9.3) Section 9.3. Legally Required Participation.

No designated employee shall be prevented from making or participating in the making of any decision to the extent the employee's participation is legally required for the decision to be made. The fact that the vote of a designated employee who is on a voting body is needed to break a tie does not make the employees' participation legally required for purposes of this section.
(9.5) Section 9.5. Disqualification of State Officers and Employees.

In addition to the general disqualification provisions of section 9, no state administrative official shall make, participate in making, or use the official's position to influence any governmental decision directly relating to any contract where the state administrative official knows or has reason to know that any party to the contract is a person with whom the state administrative official, or any member of the official's immediate family has, within 12 months prior to the time when the official action is to be taken:
(A) Engaged in a business transaction or transactions on terms not available to members of the public, regarding any investment or interest in real property; or (B) Engaged in a business transaction or transactions on terms not available to members of the public regarding the rendering of goods or services totaling in value $1,000 or more.
(10) Section 10. Disclosure of Disqualifying Interest.

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When a designated employee determines that the employee should not make a governmental decision because the employee has a disqualifying interest in it, the determination not to act may be accompanied by disclosure of the disqualifying interest. (11) Section 11. Assistance of the Commission and Counsel.

Any designated employee who is unsure of the duties under this code may request assistance from the Fair Political Practices Commission pursuant to Section 83114 and Regulations 18329 and 18329.5 or from the attorney for the employee's agency, provided that nothing in this section requires the attorney for the agency to issue any formal or informal opinion. (12) Section 12. Violations.

This code has the force and effect of law. Designated employees violating any provision of this code are subject to the administrative, criminal and civil sanctions provided in the Political Reform Act, Sections 81000-91014. In addition, a decision in relation to which a violation of the disqualification provisions of this code or of Section 87100 or 87450 has occurred may be set aside as void pursuant to Section 91003.
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1 Designated employees who are required to file statements of economic interests under any other agency's conflict of interest code, or under article 2 for a different jurisdiction, may expand their statement of economic interests to cover reportable interests in both jurisdictions, and file copies of this expanded statement with both entities in lieu of filing separate and distinct statements, provided that each copy of such expanded statement filed in place of an original is signed and verified by the designated employee as if it were an original. See Section 81004. 2 See Section 81010 and Regulation 18115 for the duties of filing officers and persons in agencies who make and retain copies of statements and forward the originals to the filing officer.
3 For the purpose of disclosure only (not disqualification), an interest in real property does not include the principal residence of the filer.
4 Investments and interests in real property which have a fair market value of less than $2,000 are not investments and interests in real property within the meaning of the Political Reform Act.

However, investments or interests in real property of an individual include those held by the individual's spouse and dependent children as well as a pro rata share of any investment or interest in real property of any business entity or trust in which the individual, spouse and dependent children own, in the aggregate, a direct, indirect or beneficial interest of 10 percent or greater.
5 A designated employee's income includes the employee's community property interest in the income of the employee's spouse but does not include salary or reimbursement for expenses received from a state, local or federal government agency. 6 Income of a business entity is reportable if the direct, indirect or beneficial interest of the filer and the filer's spouse in the business entity aggregates a 10 percent or greater interest. In addition, the disclosure of persons who are clients or customers of a business entity is required only if the clients or customers are within one of the disclosure categories of the filer.

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Appendix A

CITY OF PLEASANTON LOCAL CONFLICT OF INTEREST CODE
LIST OF DESIGNATED POSITIONS1

Position Disclosure Category
Assistant City Attorney Assistant Building Official 1
Assistant City Attorney 1
Assistant City Manager 1
Assistant Director of Community and Economic Development 1 Assistant Director of Library and Recreation 2
Assistant Director of Public Works/Engineering Services/City Engineer 1
Assistant Director of Public Works/Operations & Maintenance 1 Assistant Director of Public Works/Utilities & Environmental Services 1
Assistant Fire Marshal 4
Assistant Planner 2
Assistant to the City Manager 3
Associate Planner 2
Battalion Chief 3
Building Inspector 2
Building Inspector, Lead 2
Building Inspector, Senior 2
Business Manager – Fire 2
Chief Building Official 1
City Clerk 1
Community Relations Manager/PIO 3
Construction Inspectors 2
Construction Services Manager 2
Consultant *
Deputy City Attorney 1
Deputy City Manager 1
Deputy Director of Public Works/Transportation 1
Deputy Director of Community and Economic Development/Traffic Engineer 1
Deputy Director of Community and Economic
Development/Economic Development 1

1 The positions of mayor, councilmember, planning commissioner, city manager, city attorney, and finance director are governed directly by state statutes under the Political Reform Act.

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Position Disclosure Category
Planning Manager/Deputy Director of Community and
Development/Planning & Permit Center Manager 1
Deputy Fire Chief 1
Director of Community and Economic Development 1
Director of Human Resources and Labor Relations 1
Director of Information Technology 1
Director of Library & Recreation 1
Director of Public Works 1
Economic Development Manager 3
EMS Manager - Fire 3
Emergency Preparedness Manager 3
Environmental Services Manager 2
Financial Services Manager/Accounting 2
Financial Services Manager/Treasury 1
Fire Chief 1
Fire Inspector 4
Fire Marshal 4
Hazardous Materials Coordinator 4
Hazardous Materials Inspector 4
Hearing Officer (including alternates) 1
Housing Division Program Manager 3 & 5
Human Resources Manager 3
Library Manager 3
Management Analyst 3
Members Bicycle, Pedestrian and Trails Committee (except representative from the Youth Commission) 3 & 5
Members Civic Arts Commission (except youth member) 3
Members Energy and the Environment Commission (except youth member) 3
Members Human Services Commission (except youth member) 3 Members Library Commission (except youth member) 3
Members Parks & Recreation Commission (except youth member) 3 Operations & Maintenance Manager 3
Parks Division Manager 3
Police Captain 1
Police Chief 1
Police Lieutenant 1

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Position Disclosure Category
Police Support Services ManagerServices Commander 3
Principal Analyst 3
Principal Planner 1
Recreation Manager 3
Senior Civil Engineer 1
Senior Plan Checker 1
Senior Planner 2
Senior Transportation Engineer 1
Special Projects Manager/Finance 2
Training & Emergency Services Manager 3
Utilities Division Manager 3
Utilities Planning Manager 3
Waste and Recycling Manager 3
* Consultant would be advised regarding disclosure requirements specific to consultant’s scope of work.

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Appendix B

CITY OF PLEASANTON LOCAL CONFLICT OF INTEREST CODE

DISCLOSURE CATEGORIES

GENERAL PROVISIONS

Any person holding a designated position is required to disclose any financial interests which include some or all of the following: investments, real property interests and other sources of income. An employee needs only to disclose investments of business entities and sources of income which do business in the City, plan to do business in the City or have done business in the City within the past two years, unless otherwise specifically changed in the disclosure categories specified below. Income from the City need not be disclosed. In addition to other activities, a business entity is doing business with the City if it owns real property in the City.

Business position disclosure included businesses in which the employee is a director, officer, partner, trustee, employee, or holds any position of management. When a person holding a designated position is required to disclose interests in real property, that person need only disclose real property which is located in whole or in part within or not more than two miles outside the boundary for the City or within two miles of any land owned by the City of Pleasanton. The principal residence or any other property used as a personal residence of the employee need not be disclosed. Persons holding a designated position shall disclose their financial interest pursuant to the appropriate disclosure categories as described in Appendix A.

DISCLOSURE CATEGORIES
Category 1: Designated officials and employees in this disclosure category shall disclose all sources of income, interests in real property and investments and business positions in business entities.

Category 2: Designated officials and employees in this disclosure category shall disclose all investments and business positions in business entities and sources of income which provide services, supplies, materials, machinery or equipment of the type utilized by the city.

Category 3: Designated officials and employees in this disclosure category shall disclose all investments and business positions in business entities and sources of income which provide services, supplies, materials or equipment of the type utilized by the designated employee’s department or division.

Members of the Civic Arts Commission (except the youth member) shall disclose all investments and business positions in business entities and sources of income which provide services, supplies, materials or equipment related to fine arts, crafts and performing arts.

Members Bicycle, Pedestrian and Trails Committee (except representative from Youth Commission and non-voting members) shall disclose all investments and business positions in business entities and sources of income which provide services, supplies, materials or equipment related to architecture, design, and engineering related to bicycle and pedestrian trails, paths, and bike lanes.

Resolution No. 2026-

Members of the Energy and Environment Commission (except the youth representative) shall disclose all investments and business positions in business entities and sources of income which provide services, supplies, materials or equipment related to water and energy conservation, alternative fuels, environmental consulting, waste and pollution reduction, and clean energy.

Members of the Human Services Commission (except youth member) shall disclose all investments and business positions in business entities and sources of income which provide services, supplies, materials or equipment related to services for food insecure, homeless, disadvantaged youth, low-income seniors, and persons with special needs.

Members of the Library Commission (except youth member) shall disclose all investments and business positions in business entities and sources of income which provide services, supplies, materials or equipment related to services for library book circulation, library furniture, book publishers, and library architects.

Members of the Parks and Recreation Commission (except youth member) shall disclose all investments and business positions in business entities and sources of income which provide services, supplies, materials or equipment related to playground equipment, artificial turf, landscape supplies, landscape architects, playground architects, and sports and activities program providers.

Category 4: Designated officials and employees in this disclosure category shall disclose all investments and business positions in business entities and sources of income, interests in real property which are subject to the regulations, permits or licensing authority of the city.

Category 5: All designated officials and employees in this disclosure category shall disclose all investments and business positions in business entities, and sources of income which engage in land development, construction, acquisition or sale of real property, and all interests in real property.

Item #4

CITY COUNCIL AGENDA REPORT

June 16, 2026
Community and Economic Development

TITLE: APPROVE AND AUTHORIZE THE CITY MANAGER TO EXECUTE SECOND

AMENDMENTS TO EXTEND THE TERM OF THE AGREEMENTS WITH

HEXAGON, TJKM, AND FEHR AND PEERS FOR ON-CALL TRANSPORTATION CONSULTANT SERVICES, AND APPROVE AN INCREASE OF $200,000 TO THE

AGGREGATE CONTRACT AUTHORIZATION, TO A NEW TOTAL AGGREGATE OF $700,000 THROUGH JUNE 30, 2027

SUMMARY
The City of Pleasanton requires new development to mitigate traffic impacts generated by its projects. In many cases, as part of the development review process, applicants are required to fund a Traffic Impact Analysis (TIA) to determine the development’s impact on the traffic network, with the analysis managed by City staff. The On-Call Transportation Consultant Services contracts create a pre-approved roster of qualified consultants to prepare these studies, allowing for a more efficient project completion by eliminating the need to advertise the TIA project and seek individual contract approval. The City Council approved the current consultant agreements with Hexagon, TJKM, and Fehr and Peers in May 2022 for services between July 1, 2022, and June 30, 2025, with an option for two separate 1-year extensions.

The First Amendment to the Agreements extended the consultant agreements to June 30, 2026. This Second Amendment further extends the agreements to June 30, 2027, and increases the aggregate not-to-exceed amount across all three contracts from $500,000 to $700,000.

RECOMMENDATION
Staff recommends that the City Council approve and authorize the City Manager to execute the Second Amendments to the professional services agreements with Hexagon, TJKM, and Fehr and Peers for on-call transportation consultant services, to extend the term of the agreements until June 30, 2027, and increase the aggregate not-to-exceed total across all three contracts by $200,000, to a new total aggregate not-to-exceed amount of $700,000.

BACKGROUND
The City of Pleasanton requires all development to mitigate traffic impacts generated by its projects. When the City receives a development proposal, staff determines the need and level of traffic impact analysis. If it is determined that an analysis is necessary, the project developer is required to fund the analysis to determine the change in impact on the circulation network and possible additional mitigations required.

The City has used on-call transportation consultants for the past 25 years to conduct traffic modeling and complete Transportation Impact Assessments (TIA). The TIA is funded by the developer, but the contract and project management are administered by the City. This allows the City to work directly with the transportation consultant to ensure all elements of the TIA are addressed before the final report.

DISCUSSION
The cost of a traffic impact analysis can range from $5,000 to $100,000, depending on the size of the project, with most costing around $30,000. Over the past 15 years, the total amounts for on-call transportation consultant work have averaged just under $200,000 per year. The current on-call agreements are now in their fourth year and are approaching the $500,000 aggregate limit, which was intended to cover the first three years of the five allowed under the City's purchasing policy. To maintain sufficient aggregate authority, staff recommends increasing the aggregate by $200,000 across all three contracts, bringing the total not-to- exceed amount for the maximum five-year term to $700,000.

The On-Call Transportation Consultant Services Agreements improve project delivery time by eliminating the need to advertise and authorize each TIA. Eliminating these steps reduces the time to deliver the final report by up to two months and allows applicants to complete their development review more quickly. The approval of the amendment to the on-call consultant agreements allows continued flexibility in meeting developer timelines and maintains the competitive bidding process for each project (each TIA request for proposal will be sent to the three consultants for cost estimates and timelines). The increase in the not-to-exceed amount will ensure that future projects can move forward at an accelerated pace during this final year of the current on-call contracts.

EQUITY AND SUSTAINABILITY
Not applicable, as this item is a routine matter of City business.

OUTREACH
Not applicable, as this item is a routine matter of City business.

STRATEGIC PLAN ALIGNMENT
Approval of this action advances the ONE Pleasanton strategic plan goal of Investing in Our Environment by focusing on responsible project delivery and improved development review.

FISCAL IMPACT
The On-Call Transportation Consultant Services Contracts will be funded by developers as TIA studies become necessary. It is anticipated that the on-call services consultants will be used for City of Pleasanton projects on occasion, and this work will be funded through the Traffic Engineering’s professional services account.

The authorizations for agreements between July 1, 2022, and today total $407,386. With anticipated projects in FY 2027, it is likely that the current contract amount of $500,000 will be exceeded, and an increase is necessary to avoid future project delays. Since work under the on-call contracts is applicant-funded, extending the contract would not impact the General Fund.

Prepared by: Submitted by: Approved by:

Mike Tassano, Traffic
Engineer/Deputy Director of
Community and Econ Dev
Ellen Clark, Director of Community and
Economic Development

Acting City Manager

Attachments:

1. Hexagon On Call Second Amendment

2. Fehr & Peers On Call Second Amendment

3. TJKM On Call Second Amendment

Second Amendment Page 1

SECOND AMENDMENT TO AGREEMENT
This Second Amendment to Agreement ("Second Amendment") is entered into this 1 st day of July 2026 by the City of Pleasanton ("City") and Hexagon Transportation Consultants, Inc. ("Consultant”).

Whereas, on May 17, 2022 the City and Consultant entered into a Professional Services Agreement for on-call transportation consulting services ("Agreement"); and Whereas, the Agreement allowed up to two additional one-year term extensions; and Whereas, on July 1, 2025 the first of two possible extensions was executed as a First Amendment to this agreement; and
Whereas, the parties desire to further amend the Agreement to extend the term for an additional year;
Now, therefore, in exchange for valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

1. Section 6. of the Agreement, "Terms" is amended to extend the expiration date of the contract to June 30, 2027.

2. This amendment may be executed in multiple counterparts, each of which shall be an original and all of which together shall constitute one agreement. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with U.S. federal E-Sign Act of 2000 (15 U.S. Code §7001 et seq.), California Uniform Electronic Transactions Act (Cal. Civil Code §1633.1 et seq.), or other applicable law) or other transmission method, and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

3. All other terms and conditions of the Agreement shall remain in full force and effect.

In witness whereof, authorized representatives of the parties have executed this Second Amendment to the Agreement as of the date and year first above written.

CITY OF PLEASANTON CONSULTANT
_____________________________ By: __________________________ Gerry Beaudin, City Manager Signature
Brett Walinski______________
Print name
Title: CFO______________________
ATTACHMENT 1

Second Amendment Page 2
[If Consultant is a corporation, signatures must
comply with California Corporations Code §313]
ATTEST:
_____________________________
Jocelyn Kwong, City Clerk
APPROVED AS TO FORM:

By: __________________________
_____________________________ Signature
Daniel G. Sodergren, City Attorney
Gary Black_________________
Print name
Title: CEO______________________
Rev. 3/23

ATTACHMENT 2

Second Amendment Page 1

SECOND AMENDMENT TO AGREEMENT
This Second Amendment to Agreement ("Second Amendment") is entered into this 1st day of July 2026 by the City of Pleasanton ("City") and TJKM Transportation Consultants ("Consultant”).

Whereas, on May 17, 2022 the City and Consultant entered into a Professional Services Agreement for on-call transportation consulting services ("Agreement"); and Whereas, the Agreement allowed up to two additional one-year term extensions; and Whereas, on July 1, 2025 the first of two possible extensions was executed as a First Amendment to this agreement; and
Whereas, the parties desire to further amend the Agreement to extend the term for an additional year;
Now, therefore, in exchange for valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

1. Section 6. of the Agreement, "Terms" is amended to extend the expiration date of the contract to June 30, 2027.

2. This amendment may be executed in multip le counterparts, each of which shall be an original and all of which together shall constitute one agreement. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with U.S. federal E-Sign Act of 2000 (15 U.S. Code §7001 et seq.), California Uniform Electronic Transactions Act (Cal. Civil Code §1633.1 et seq.), or other applicable law) or other transmission method, and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

3. All other terms and conditi ons of the Agreement shall remain in full force and effect.

In witness whereof, authorized representatives of the parties have executed this Second Amendment to the Agreement as of the date and year first above written.

CITY OF PLEASANTON CONSULTANT
_____________________________ By: __________________________ Gerry Beaudin, City Manager Signature
__________________________
P r i n t n a m e
Title: __________________________
Nayan Amin
President
ATTACHMENT 3

Second Amendment Page 2
[If Consultant is a corporation, signatures must
comply with California Corporations Code §313]
ATTEST:
_____________________________
Jocelyn Kwong, City Clerk
APPROVED AS TO FORM:

By: __________________________
_____________________________ Signature
Daniel G. Sodergren, City Attorney
__________________________
P r i n t n a m e
Title: __________________________
Rev. 3/23
Ruta Jariwala
Secretary

Item #5

CITY COUNCIL AGENDA REPORT

June 16, 2026
Community and Economic Development

TITLE: APPROVE AND AUTHORIZE THE CITY MANAGER TO EXECUTE A DESIGN

PROFESSIONAL SERVICES AGREEMENT WITH KIER AND WRIGHT CIVIL ENGINEERS AND SURVEYORS, INC., IN THE AMOUNT OF $925,411 FOR THE

DEVELOPMENT, EVALUATION, AND CREATION OF A PRECISE ROADWAY ALIGNMENT FOR EL CHARRO ROAD (CIP 27501), AND APPROVE THE

RELATED BUDGET AMENDMENTS

SUMMARY
El Charro Road is an important north-south transportation corridor within Pleasanton and the broader Tri-Valley area. Completion of the segment between Stoneridge Drive and Stanley Boulevard as a public roadway has long-range implications for circulation, safety, multimodal connectivity, and access to adjacent development. The Precise Roadway Alignment Project will develop a technically defensible, precise roadway alignment that can serve as the basis for future project development, evaluating and incorporating elements including utility infrastructure, drainage, constructibility, cost, and environmental constraints. The agreement with Kier and Wright will be for an amount not to exceed $925,411.

RECOMMENDATION
Staff recommends the City Council approve and authorize the City Manager to execute the Design Professional Services Agreement with Kier and Wright Civil Engineers and Surveyors, Inc., in the amount of $927,618, and approve budget amendments to transfer $925,411 from the Tri-Valley Transportation Development Fee Reserve, CIP No. 01541, to the El Charro Road Precise Roadway Alignment Project, CIP No. 27501 (21430124-440108-27501) in the Tri-Valley Transportation Development Fund (Fund 214).

BACKGROUND
The segment of El Charro Road between Stoneridge Drive and Stanley Boulevard is a key missing link in Pleasanton’s circulation network, one that has been long-identified in the City's General Plan, and needed to support well-managed growth in East Pleasanton. A precise roadway alignment and alternative routing analysis are essential to define a safe, efficient, multimodal, and buildable solution for El Charro that enables further environmental analysis, right-of-way planning, and capital allocation.

This process was recognized as an essential element of the prior East Pleasanton Specific Plan process. Establishment of the El Charro Roadway alignment through the specific plan process would have allowed evaluation of design alternatives before the design and submittal of development projects. With the halt of the East Pleasanton Specific Plan and subsequent project applications in the East Pleasanton area, both within and outside the existing City limits, it is critical that the City evaluate and identify the precise alignment of El Charro Road so that developments in East Pleasanton can plan for and around its location. This project will allow the City to move forward with East Pleasanton projects, ensuring that the location of El

Charro is established and located based on sound engineering principles. Refining the alignment will also provide greater clarity around project costs, in determining fair share contributions required by new developments and the City.

DISCUSSION
A request for proposals was issued on April 8, 2026, for a design professional agreement to develop an El Charro Road Precise Roadway Alignment. The advertisement closed on May 7, 2026. The City received one proposal for this work from Kier and Wright Civil Engineers and Surveyors Inc.

Kier and Wright has significant experience in Pleasanton, including in East Pleasanton and with the design of El Charro Road. Kier and Wright worked on the 340-acre El Charro Specific Plan in Livermore. They also worked extensively with the City of Pleasanton on the prior Draft East Pleasanton Specific Plan. Prior to halting the specific plan, Kier and Wright provided comprehensive infrastructure planning and engineering for the 406-acre development area.

This work included engineering estimates and schematic designs for major infrastructure systems, including a four-lane El Charro Road corridor, Arroyo Mocho bridge crossings, and the El Charro Road/Stanley Boulevard grade separation.

Kier and Wright have outlined a comprehensive 12-month plan that estimates close to 4,000 hours of work, divided among Kier and Wright and nine sub-consultants identified in the proposal. The sub-consultants bring focused technical knowledge necessary for project completion. These technical areas include structural, geotechnical, railroad, hydrology, right-of- way, traffic, landscape, joint-trench, and environmental.

The full scope of work and fee breakdown is included as an attachment to the agreement and is summarized in the table below.

Table 1. Scope of Work and Fee

TASK 1 - PROJECT MANAGEMENT AND COORDINATION $109,773
TASK 2 - EXISTING CONDITIONS REVIEW AND DATA COLLECTION $62,755 TASK 3 - SURVEY AND BASE MAPPING SUPPORT $38,666
TASK 4 - DESIGN CRITERIA AND EVALUATION FRAMEWORK $69,694 TASK 5 - ALIGNMENT ALTERNATIVES DEVELOPMENT $152,542
TASK 6 - TECHNICAL EVALUATION OF ALTERNATIVES $70,765
TASK 7 - ENVIRONMENTAL AND PERMITTING CONSTRAINTS

SCREENING
$60,793
TASK 8 - UTILITY, DRAINAGE, AND RIGHT-OF- WAY

CONSIDERATIONS
$84,873

TASK 9 - STAKEHOLDER AND AGENCY COORDINATION $51,373
TASK 10 - PREFERRED ALIGNMENT RECOMMENDATION AND

FINAL DOCUMENTATION
$117,247
SUBCONSULTANT MANAGEMENT $62,863
Subtotal $881,344
5% reimbursable $44,067
TOTAL $925,411

Kier and Wright’s references have been checked and are in good standing, having completed similar projects in Pleasanton, Tracy, and Livermore.

Schedule
The proposal outlines a 12-month timeline to reach the final precise roadway alignment.

Table 2. Proposed Schedule
June-2026 to July-2026
Project initiation and data collection
Aug-2026 to Nov-2026 Alignment Alternatives Development/constraints/permits Aug-2026 to Dec-2026 Stakeholder & Agency Coordination Jan-2027 to May-2027 Preferred Alignment & Final Documentation June-2027 Project complete and ready for detailed design

EQUITY AND SUSTAINABILITY
The proposal advances equity by incorporating ADA, pedestrian, bicycle, and transit, evaluating right-of-way and access impacts early in the El Charro alignment study process, and structuring broad stakeholder coordination. It advances sustainability through multimodal corridor planning, long-range design criteria, comprehensive environmental screening, low- impact development stormwater planning, floodplain/hydraulic analysis, and early utility planning to reduce future retrofits.

OUTREACH

The project anticipates extensive outreach, with stakeholder and agency coordination led by the consultant. The outreach will focus on key stakeholders, including quarry operators, Zone 7, Livermore, Dublin, Livermore Amador Valley Transit Authority (LAVTA), East Bay Regional Park District, Caltrans, Union Pacific, and affected private landowners. At least three meetings are anticipated to facilitate the outreach and alternatives selection.

STRATEGIC PLAN ALIGNMENT
The project aligns the ONE Pleasanton citywide strategic plan goal of Investing in Our Environment by advancing long-range infrastructure planning, multimodal transportation, environmental screening, stormwater management, and utility/right-of-way coordination. It also supports the strategic plan goal of Building a Community Where Everyone Belongs through multimodal access and stakeholder coordination.

FISCAL IMPACT
The Tri-Valley Transportation Council created the Tri-Valley Transportation Development Fee (TVTDF) in 1998 to help fund regionally significant projects that would benefit the Tri-Valley area. El Charro Road was added to the regionally significant project list in 2008. The TVTDF program has a 20 percent return-to-source condition, under which 20 percent of all TVTDF paid by City of Pleasanton development projects is returned to the City for expenditure on TVTDF-qualifying projects. The TVTDF 20 percent fund balance is approximately $2,800,000.

As a qualifying project for use of TVTDF funds, staff recommends the City Council authorize a transfer of $925,411 from the TVTDF Reserve to the El Charro Road Alignment Project, CIP No. 27501 (21430124-440108-27501), to fund the contract.

Prepared by: Submitted by: Approved by:

Mike Tassano, Traffic
Engineer/Deputy Director of
Community and Econ Dev
Ellen Clark, Director of Community and
Economic Development

Acting City Manager

Attachments:

1. Design Professionals Agreement

DESIGN PROFESSIONAL SERVICES AGREEMENT
FOR: EL CHARRO ROAD PRECISE ROADWAY ALIGNMENT
CIP 27501

THIS DESIGN PROFESSIONAL SERVICES AGREEMENT (“Agreement”) is entered into this day, June 16, 2026, between the City of Pleasanton, a municipal corporation ("City"), and Kier & Wright Civil Engineers and Surveyors, Inc. whose address is 2850 Collier Canyon Road, Livermore, CA 94551, and telephone number is (925) 245-8788 ("Consultant").

RECITALS

A. Consultant is qualified and experienced in providing professional design services for the creation of a precise roadway alignment for El Charro Road between Stoneridge Drive and Stanley Boulevard.

B. City finds it necessary and advisable to use the services of Consultant for the purposes provided in this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants and conditions in this Agreement, City and Consultant agree as follows:

1. Consultant's Services. Consultant shall diligently perform the services described in Exhibit A, Scope of Work, attached and incorporated to the extent consistent with this Agreement.

2. City Assistance. In order to assist the Consultant in this work, the City shall provide, if necessary, only the facilities and equipment listed in Exhibit A according to the terms and conditions set forth in Exhibit A.

3. Staff. Consultant shall assign Steve Calcagno to serve as the Project Manager, who may not be replaced without the written consent of the City.

4. Term. Time is of the essence. Consultant shall begin work on June 17, 2026. The work as described in Exhibit A, Scope of Work, shall be completed by December 31, 2027.

5. Compensation. For the services to be rendered, City shall pay Consultant as described more particularly in Exhibit B, which is attached and incorporated to the extent consistent with this Agreement. Payment shall be made on a monthly basis upon receipt and approval of Consultant's invoice. Total compensation for services and reimbursement for costs shall not exceed $925,411.00 unless the parties agree pursuant to Section 8, below.

a. Invoices submitted to City must contain a brief description of work performed, percentage of work completed, percentage of Agreement time used, percentage of Agreement amount expended and City reference number CIP 27501, Payment shall be made within thirty (30) days of receipt of Consultant's invoice.

b. Upon completion of work and acceptance by City, Consultant shall have sixty (60) days in which to submit final invoicing for payment. An extension may be granted by City upon  Exhibits A & B
 Certificate(s) of Insurance
 Professional Liability Insurance
 W-9

receiving a written request thirty (30) days in advance of said time limitation. The City shall have no obligation or liability to pay any invoice for work performed which the Consultant fails or neglects to submit within sixty (60) days, or any extension thereof granted by the City, after the work is accepted by the City.

6. Sufficiency of Consultant's Work.

a. Services shall be performed by Consultant consistent with, and limited to, the professional care and skill ordinarily exercised under similar conditions by members of Consultant’s profession currently practicing in California (“Standard of Care”). Except for the Standard of Care, Consultant makes no warranties or guarantees, express or implied, under this Agreement or otherwise in connection with its services. Consultant shall perform its services as expeditiously as is consistent with the Standard of Care for the orderly progress of the Project.

Consistent with, and limited to the Standard of Care the Standard of Care, Consultant shall comply to the requirements of this Agreement and all applicable federal, state and local laws.

b. Consultant is responsible for making an independent evaluation and judgment of all conditions affecting performance of the work, including without limitation site conditions, existing facilities, seismic, geologic, soils, hydrologic, geographic, climatic conditions, applicable federal, state, and local laws and regulations, and all other contingencies or design considerations. Data, calculations, opinions, reports, investigations, and other similar information provided by the City relating to site, local, or other conditions is not warranted or guaranteed, either expressly or implied, by the City.

c. Consultant’s responsibilities under this section shall not be delegated. Consultant shall be responsible to the City for acts, errors, or omissions, which do not comply with the Standard of Care, of Consultant’s subconsultants.

d. Whenever the scope of work requires or permits review, approval, conditional approval or disapproval by the City, it is understood that such review, approval, conditional approval or disapproval is solely for the purposes of administering this Agreement and determining whether the Consultant is entitled to payment for such work, and not be construed as a waiver of any breach or acceptance by the City of any responsibility, professional or otherwise, for the work, and does not relieve the Consultant of responsibility for complying with the standard of performance or laws, regulations, industry standards, or from liability for damages caused by negligent acts, errors, omissions, noncompliance with high industry standards, or the willful misconduct of Consultant.

7. Ownership of Work. All reports, work data, plans, drawings, specifications, designs, photographs, images, works of authorship and all other documents completed or partially completed by Consultant in the performance of this Agreement (“materials”) shall become the property of City. Consultant agrees that all copyrights which arise from creation of the work pursuant to this Agreement shall be vested in the City, and Consultant waives and relinquishes all claims to copyright or other intellectual property rights in favor of the City. City acknowledges that Consultant may have included in the Consultant’s Work Product typical or standard design details, depictions, instructions and specifications regularly issued by Consultant in the ordinary course of its professional practice ("Consultant’s Standard Documents").

Consultant shall retain all statutory and reserved rights, including copyright, to Consultant 's Standard Documents except that Consultant hereby grants to City, at no additional cost, a

perpetual non-exclusive license to use Consultant’s Standard Documents in conjunction with the Project. City’s license to use Consultant’s Standard Documents shall include any and all uses reasonably deemed necessary by City for development, construction, operation, modification, repair, demolition, and/or sale or lease of the Project. City’s license shall expressly survive any termination of the Agreement for convenience or cause and any dispute or claim of any kind between the parties, including, but not limited to, payment disputes. All materials shall be delivered to the City upon completion or termination of the work under this Agreement. If any materials are lost, damaged or destroyed before final delivery to the City, the Consultant shall replace them at its own expense. Any and all copyrightable subject matter in all materials is hereby assigned to the City and the Consultant agrees to execute any additional documents that may be necessary to evidence such assignment. Consultant shall keep materials confidential and the materials shall not be used for purposes other than performance of services under this Agreement and shall not be disclosed to anyone not connected with these services, unless the City provides prior written consent.

8. Changes. City may request changes in the scope of services to be provided by Consultant.

Any changes and related fees shall be mutually agreed upon between the parties and subject to a written amendment to this Agreement. A cost-of-living adjustment in July 2027 shall be allowed without an amendment to this Agreement.

9. Consultant's Status. In performing the obligations set forth in this Agreement, Consultant shall have the status of an independent contractor and Consultant shall not be considered to be an employee of the City for any purpose. All persons working for or under the direction of Consultant are its agents and employees and are not agents or employees of City.

10. Labor Code/Prevailing Wages. To the extent applicable, Consultant shall comply with the requirements of the California Labor Code including but not limited to hours of labor, nondiscrimination, payroll records, apprentices, workers' compensation and payment of prevailing wages as determined by Director of the California Department of Industrial Relations. Consultant shall post, at each job site, a copy of the prevailing rate of per diem wages. Consultant shall forfeit fifty dollars ($50.00) for each calendar day or portion thereof for each worker paid less than the stipulated prevailing rates for any public work done under the Agreement by it or by any subconsultant.

11. Termination of Convenience of City. The City may terminate this Agreement at any time by mailing a notice in writing to Consultant. The Agreement shall then be deemed terminated, and no further work shall be performed by Consultant. If the Agreement is so terminated, the Consultant shall be paid for that percentage of the work actually completed at the time the notice of termination is received.

12. Non-Assignability. The Consultant and City shall not assign, sublet, or transfer this Agreement or any interest or obligation in the Agreement without the prior written consent of the other party, and then only upon such terms and conditions as the other party may set forth in writing. Consultant shall be solely responsible for reimbursing subconsultants.

13. Indemnity and Hold Harmless. To the fullest extent permitted by law (including, without limitation, California Civil Code §§ 2782, 2782.6 and 2782.8), Consultant shall defend (with legal counsel reasonably acceptable to the City), indemnify, and hold harmless, the City and its officers, agents and employees (collectively “Indemnitees”) from and against any and all claims, loss, cost, damage, injury (including, without limitation, injury to or death of an employee of

Consultant or its Subconsultants), expense, and liability of every kind, nature and description (including, without limitation, incidental and consequential damages, court costs, attorneys’ fees, litigation expenses and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation) arising from, or alleged to have arisen from, pertain to, or relate to, directly or indirectly, in whole or in part, the negligence, reckless, or willful misconduct of the Consultant, any Subconsultant, anyone directly or indirectly employed by them, or anyone that they control (collectively “Liabilities”) in the performance of its services under this Agreement, regardless of whether the City has reviewed or approved the work or services which has given rise to the claim, loss, cost, damage, injury or liability for damages. This indemnification shall extend for a reasonable period of time after completion of the project as well as during the period of actual performance of services under this Agreement. The City's acceptance of the insurance certificates required under this Agreement does not relieve the Consultant from its obligation under this paragraph. To the extent that there is an obligation to indemnify under this Section 13, Consultant shall be responsible for incidental and consequential damages resulting directly or indirectly, in whole or in part, from Consultant’s negligence, reckless or willful misconduct.

Such obligations to defend, hold harmless and indemnify any Indemnitee shall not apply to the extent such Liabilities are caused by the sole negligence, active negligence or willful misconduct of such Indemnitee. Obligation to defend shall be proportionate as to Consultant’s percentage of fault as provided in California Civil Code § 2782.8.

14. Insurance. During the term of this Agreement, Consultant shall maintain in full force and effect, at its own cost and expense, insurance coverages with insurers with an A.M. Best’s rating of no less than A:VII. Contractor shall have the obligation to furnish City, as additional insured, the minimum coverages identified below, or such greater or broader coverage for City, if available in the Contractor’s policies:

a. Commercial General Liability Insurance. Commercial general liability insurance with coverage at least as broad as Insurance Services Office (ISO) form CG 00 01, with limits of at least $2,000,000 per occurrence, $4,000,000 general aggregate, and $2,000,000 products and completed operations aggregate for bodily injury and property damage. The policy shall include a per project or per location general aggregate endorsement. If a per project/location endorsement is not available, the limit for the general aggregate shall be doubled. The policy shall provide that the City, its officials, officers, employees, agents, and volunteers are named as additional insureds using ISO form CG 20 10 (or equivalent) for ongoing operations, and, for construction or service agreements, ISO form CG 20 37 (or equivalent) for completed operations and satisfactory to the City Attorney. The policy shall allow and be endorsed primary insurance for work performed by Consultant and its subconsultants, and that no other insurance or self-insurance effected by City or other additional insured will be contribute to or be called on to cover a loss.

b. Automobile Liability Insurance. Automobile liability insurance coverage for owned, non- owned, and hired autos using ISO Business Automobile Coverage form CA 00 01 (or equivalent) with limits not less than $2,000,000 each accident. If the Consultant’s business/company does not own any automobiles, coverage for hired and non-owned autos shall be provided. The policy shall provide and be endorsed that the City, its officials, officers, employees, agents, and volunteers are included or named as additional insureds. The

policy shall provide and be endorsed to include a waiver of subrogation in favor of the City, its officials, officers, employees, agents, and volunteers.

c. Workers’ Compensation and Employer’s Liability Insurance. Statutory Workers’ Compensation and Employer’s Liability Insurance shall be provided for all persons employed directly or indirectly by Contractor. The Statutory Workers’ Compensation Insurance and Employer’s Liability Insurance shall be provided with limits of not less than $1,000,000 each accident, $1,000,000 by disease-policy limit, and $1,000,000 by disease- each employee. The coverage shall provide and be endorsed to include a waiver of subrogation in favor of the City, its officials, officers, employees, agents, and volunteers. The requirement to maintain Statutory Worker’s Compensation and Employer’s Liability Insurance may be waived by the City upon written verification that Contractor does not have any employees.

d. Professional Liability Insurance. Professional liability insurance that insures against professional errors and omissions that may be made in performing professional services in the amount of $2,000,000 per claim and in the aggregate. Any policy inception date, continuity date, or retroactive date must be before the effective date of the start of work, and Consultant agrees to maintain continuous coverage through a period no less than three (3) years after completion of the work.

e. Certificate of Insurance and Endorsements. Consultant shall file a certificate of insurance and all required endorsements with the City prior to the City’s execution of this Agreement, and prior to engaging in any operation or activity set forth in this Agreement.

The Certificate of Insurance shall provide in writing that the insurance afforded by this Certificate shall not be suspended, voided, canceled, reduced in coverage or in limits without providing notice to the City in accordance with California Insurance Code section 677.2 which requires the notice of cancellation to: 1) include the effective date of the cancellation; 2) include the reasons for the cancellation; and 3) be given at least 30 days prior to the effective date of the cancellation, except that in the case of cancellation for nonpayment of premiums or for fraud, the notice shall be given no less than 10 days prior to the effective date of the cancellation. Notice shall be sent by certified mail, return receipt requested. In addition, the insured shall provide thirty (30) days prior written notice to the City of any cancellation, suspension, reduction of coverage or in limits, or voiding of the insurance coverage required by this agreement. The City reserves the right to require complete certified copies of policies.

f. Defense Costs. Coverage shall be provided on a “pay on behalf of” basis, with defense costs payable in addition to policy limits. There shall be no cross liability exclusions. These provisions do not apply to Professional Liability.

g. Adequacy of Coverage. City reserves the right to modify these insurance requirements/coverages based on the nature of the risk, prior experience, insurer, or other special circumstances.

h. Subcontractors. Consultant shall include all subcontractors as insured under its policies or shall furnish separate certificates and endorsements for each subcontractor. All coverages for subcontractors shall be subject to all of the requirements stated in this Agreement, including but not limited naming additional insureds.

15. Notices. All notices herein required shall be in writing and shall be sent by certified or registered mail, postage prepaid, addressed as follows:

To Consultant: _____________________ To City: City Manager _____________________ City of Pleasanton
_____________________ 123 Main Street, P.O. Box 520
_____________________ Pleasanton, CA 94566

16. Conformance to Applicable Laws. Consultant shall comply with all applicable Federal, State, and Municipal laws, rules, and ordinances. Consultant shall not discriminate in the employment of persons or in the provision of services under this Agreement on the basis of any legally protected classification, including race, color, national origin, ancestry, sex or religion of such person.

17. Licenses, Certifications, Copyrights and Permits. Prior to the City's execution of this Agreement and prior to the Consultant's engaging in any operation or activity set forth in this Agreement, Consultant shall obtain a City of Pleasanton business license, which must be kept in effect during the term of this Agreement. Consultant represents that its work will not unlawfully infringe any other copyrighted work. Consultant covenants that it has obtained all certificates, licenses, permits and the like required to perform the services under this Agreement.

18. Records and Audits. Consultant shall maintain all records regarding this Agreement and the services performed for a period of three years from the date that final payment is made. At any time during normal business hours, the records shall be made available to the City to inspect and audit.

19. Confidentiality. Consultant shall exercise reasonable precautions to prevent the unauthorized disclosure and use of City reports, information or conclusions.

20. Conflicts of Interest. Consultant covenants that other than this Agreement, Consultant has no financial interest with any official, employee or other representative of the City. Consultant and its principals do not have any financial interest in real property, sources of income or investment that would be affected in any manner by the performance of Consultant’s services under this Agreement. If such an interest occurs, Consultant will immediately notify the City.

21. Campaign Contribution Disclosure. Consultant has complied with the campaign contribution disclosure provisions of the California Levine Act (Govt. Code § 84308) and has completed the Levine Act Disclosure Statement attached hereto as Exhibit C.

21. Waiver. In the event either City or Consultant at any time waive any breach of this Agreement by the other, such waiver shall not constitute a waiver of any other or succeeding breach of this Agreement, whether of the same or of any other covenant, condition or obligation.

22. Governing Law. California law shall govern any legal action pursuant to this Agreement with venue in the applicable court or forum for Alameda County.

23. No Personal Liability. No official or employee of City shall be personally liable to Consultant in the event of any default or breach by the City or for any amount due Consultant.

24. Counterparts and Electronic Signatures. This Agreement may be executed in multiple counterparts, each of which shall be an original and all of which together shall constitute one agreement. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with U.S. federal E-Sign Act of 2000 (15 U.S. Code §7001 et seq.), California Uniform Electronic Transactions Act (Cal. Civil Code §1633.1 et seq.), or other applicable law) or other transmission method, and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

25. Scope of Agreement. This writing constitutes the entire Agreement between the parties.

Any modification to the Agreement shall be in writing and signed by both parties.

26. Mediation. Any claim or dispute, including all claims and causes of action, between the parties to this Agreement not resolved through negotiations, shall be subject to mediation as a condition precedent to initiating litigation, with the mediator’s costs to be shared equally by the parties.

27. No Third-Party Beneficiaries. Except as expressly provided for in this Agreement, nothing in this Agreement shall create a contractual relationship with or a cause of action in favor of a third party against City or Consultant.

THIS AGREEMENT is executed the date first above written.

CITY OF PLEASANTON CONSULTANT

_____________________________ By: __________________________ Joseph Calabrigo, Interim City Manager Signature

__________________________
Print name
ATTEST:

_____________________________
Jocelyn Kwong, City Clerk Title: __________________________

Approved as to form:

_____________________________ By: __________________________ Daniel G. Sodergren, City Attorney Signature

__________________________
Print name

Title: __________________________

[If Consultant is a corporation, signatures must comply with California Corporations Code §313]

Rev. 11/23

EXHIBIT C

LEVINE ACT DISCLOSURE STATEMENT

California Government Code § 84308, commonly referred to as the “Levine Act,” prohibits any officer of a local government agency from participating in the consideration or action related to a proceeding, including the award of a contract, if he or she receives political contribution(s) totaling more than $500 within the preceding 12 months while the proceeding is pending, and for 12 months following the date of the final decision in a proceeding or award of a contract. This prohibition applies when an officer accepts, solicits, or directs contributions on the officer’s own behalf, on behalf of another officer, on behalf of any candidate for office, or on behalf of any committee.

A list of the members of the City Council can be located at: https://www.cityofpleasantonca.gov/our- government/mayor-city-council/

1. Have you or your company, or any agent on behalf of you or your company, made any political contributions of more than $500 to any City officer in the 12 months preceding the date of the submission of your proposals or the anticipated date of any Council action related to this contract?

□ YES □ NO

If YES, please identify the person(s) or agent(s) making the contribution:

____________________________________________________________

If YES, please identify the officer receiving the contribution:

____________________________________________________________

2. Do you, or your company, or any agent on behalf of you or you company, anticipate or plan to make any political contributions of more than $500 to any City officer in the 12 months following any Council action related to this contract?

□ YES □ NO

If YES, please identify the person(s) or agent(s) making the contribution:

____________________________________________________________

If YES, please identify the officer receiving the contribution:

____________________________________________________________

Answering YES does not preclude the City of Pleasanton from awarding a contract or taking subsequent action related to the item. It does, however, preclude the identified City officer from participating in any actions related to such an item.

By signing below, you certify you also agree to disclose to the City any future contributions made to a City officer by you or your agent(s) after the date of signing this disclosure form, and within 12 months following the approval, renewal, or extension of the requested contract.

I HEREBY CERTIFY UNDER PENALTY OF PERJURY UNDER THE LAWS OF THE STATE OF CALIFORNIA THAT THE FOREGOING IS TRUE AND CORRECT.

Signed: __________________________ Date: ________________

Print Name: __________________________ Title: ________________

Company: __________________________

;SVO5PER
Scope of Work

Kier + Wright | Page 13

WORK PLAN /

SCOPE OF WORK
K+W will serve as prime consultant, leading the
development, evaluation, and selection of alignment
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prior involvement in the El Charro corridor, providing
valuable institutional knowledge of its infrastructure, constraints, and regulatory considerations.

Our approach focuses on integrating technical analysis
with practical implementation, ensuring alternatives are not only well-evaluated but also feasible to advance. We will deliver all work products outlined in the RFP, with a WGSTIXLEXVIDZIGXWEGPIEVYRHIVWXERHMRKSJXLITVSNIGXMXW challenges, and the path to a defensible alignment.

TASK 1 - PROJECT MANAGEMENT AND

COORDINATION
1*&)+.720;
K+W will provide overall project management and civil
engineering leadership, serving as the integrating force across all disciplines and subconsultants. K+W will
GSRHYGXEOMGOSǯQIIXMRKEXXIRHIHF]EPPXIEQQIQFIVW
ERH (MX] WXEǯ XS EPMKR TVSNIGX SFNIGXMZIW WGLIHYPI ERH communication protocols. Bi-weekly progress meetings
[MPP FI LIPH [MXL GMX] WXEǯ XS QEMRXEMR WGLIHYPIH QSQIRXYQ and resolve emerging issues, with subconsultants joining as needed when their discipline is actively engaged. Action items and decision logs will be maintained throughout
to ensure accountability and transparency. Our team is committed to truly partnering with the city of Pleasanton on this vital project.

K+W will also lead all coordination with the current
property stakeholders and agencies, including outreach
to utility providers, City departments, and regional
EKIRGMIW YTTSVXMRK XLMW IǯSVX MW 0;ưW HIHMGEXIH TVSNIGX GSSVHMREXMSR WXEǯ [LSWI VIWTSRWMFMPMXMIW MRGPYHI document control, meeting coordination, agendas, and
meeting minutes, monitoring schedule, tracking action
items and deliverables, and ensuring that city inquiries are routed promptly to the team.

Deliverables: Project management plan and schedule;
meeting agendas and summaries; action item and decision logs.

TASK 2 - EXISTING CONDITIONS REVIEW AND

DATA COLLECTION
1*&)+.720;
CONTRIBUTING: ALL SUBCONSUL TANTS
Our team brings extensive prior project experience,
background data, and institutional knowledge of this
corridor. That knowledge of the existing conditions and what agencies maintain documentation of the area streamlines SYVIǯSVXWXSKEXLIVRIGIWWEV]MRJSVQEXMSR0;[MPPPIEH the collection and review of all planning, engineering, YXMPMX]XVEDzG,.ERHFEGOKVSYRHHSGYQIRXW
+SPPS[MRKXLIHEXEGSQTMPEXMSRIǯSVX0;ERHXLITVSNIGX XIEQ[MPPGSRHYGXMRHMZMHYEPǰIPHVIZMI[WSJXLIGSVVMHSVXS identify any gaps between the available data and current existing conditions. Where those gaps exist and additional data collection is warranted, the team will identify the WTIGMǰG WYTTPIQIRXEP IǯSVX RIIHIH FIJSVI EPXIVREXMZIW development begins.

Deliverables: Existing conditions memorandum covering
roadway and rail conditions, adjacent land uses, property context, utilities, drainage, multimodal conditions, and known environmental and geotechnical considerations.
8LI QIQSVERHYQ [MPP GSRǰVQ XLEX XLI GSQTMPIH HEXE TVSZMHIWEWYDzGMIRXJSYRHEXMSRXSTVSGIIHMRXSEPXIVREXMZIW development or will identify targeted areas where deeper data collection is needed before the study can move
JSV[EVH[MXLGSRǰHIRGI
TASK 3 - SURVEY AND BASE MAPPING

SUPPORT
1*&)+.720;
K+W brings nearly 30 years of survey and mapping
experience within the El Charro corridor and surrounding area, having performed work for Zone 7 Water Agency,
quarry operators, and private developers throughout this region. That institutional knowledge, including existing survey control networks, boundary records, easements,
ERHWYVZI]HEXEEPVIEH]SRǰPIEPPS[WSYVXIEQXSQSZI quickly from day one to demonstrate our institutional
knowledge of this site.

K+W will prepare a topographic and boundary survey
to serve as the base map for conceptual alignment
development. The base map will incorporate available

City of Pleasanton | El Charro Road Precise Roadway Alignment GIS data, utility records, plottable easements, and
parcel boundaries. We will supplement this compiled
foundation with third-party aerial imagery services
such as NearMap for current high-resolution site
photography and countywide LiDAR data for existing
ground surface information. This comprehensive base
map will serve as the foundational working document
for all subconsultants throughout the study. Where the
GSQTMPIHFEWIQETVIZIEPWKETWSVEVIEWSJMRWYDzGMIRX
EGGYVEG]0; [MPPHITPS]ǰIPHWYVZI]GVI[WEWRIIHIH Deliverables: Survey and base mapping support
QEXIVMEPW MJ EYXLSVM^IH HIPMZIVIH MR IPIGXVSRMG JSVQEX MRGPYHMRK 5)+ ERH&YXS(&) GSQTEXMFPI ǰPIW WYMXEFPI for use by all project subconsultants and the city.

TASK 4 - DESIGN CRITERIA AND

EVALUATION FRAMEWORK
1*&)+.720;
CONTRIBUTING: ALL SUBCONSUL TANTS
K+W will work collaboratively with the city to establish E GSQTVILIRWMZI FEWMW SJ HIWMKR XLEX VIDZIGXW XLI JYPP spectrum of technical disciplines represented on this
team. Rather than defaulting to a standard roadway
design checklist, our approach begins with a design
GLEVIXXIWX]PIQIIXMRKFVMRKMRKXSKIXLIV(MX]WXEǯERH all subconsultants to ensure that criteria spanning civil, structural, rail, hydraulic, environmental, geotechnical, dry utility, and landscape considerations are all on the table from the start. Critically, this process will challenge the team to consider not just current needs but how
transportation demand, land use, and development
patterns are expected to evolve over the next 10 to
20 years and beyond, ensuring that the alignment
selected today does not constrain the corridor’s ability to serve the region’s future. The output of this process will be a mutually agreed-upon design that all parties
can reference throughout the study.

With the design criteria established, the team will
develop an alternatives evaluation framework that
goes beyond a simple cost comparison. Alternatives
will be assessed across multiple dimensions including
physical feasibility, geotechnical aspects, schedule
implications, right-of-way and utility impacts,
environmental and permitting risk, and planning-level
cost. A key part of this process will be identifying where WXERHEVHTPERRMRKPIZIPEWWYQTXMSRWEVIWYDzGMIRXERH
where certain technical areas warrant a closer look
before alternatives can be meaningfully compared.

For example, hydraulic analysis of roadway drainage,
KISXIGLRMGEP VMWO MR XLI UYEVV] XVERWMXMSR ^SRIW SV structural constraints at the railroad undercrossing may require a more detailed level of engineering review
to ensure that the evaluation framework is built on
GSRǰVQIH EWWYQTXMSRW VEXLIV XLER SRIW XLEX GSYPH surface as complications later in design. The evaluation JVEQI[SVO[MPPDZEKXLIWIMXIQWI\TPMGMXP]WSXLEXXLIGMX] and team can make informed decisions about where
additional engineering investment is warranted at this
stage or subsequent stages.

Deliverables: Design criteria memorandum establishing
basis of design and alternatives evaluation framework.

TASK 5 - ALIGNMENT AL TERNATIVES

DEVELOPMENT
1*&)+.720;
CONTRIBUTING: TJKM, PASE, AL TA, S&W,

CORNERSTONE, RADIUS, GREEN DESIGN
4YV XIEQ [MPP HIZIPST JIEWMFPI LSVM^SRXEP EPMKRQIRX alternatives and conceptual vertical alignment
considerations for three corridor options. Vertical
alignment will be developed in conjunction with
LSVM^SRXEPKISQIXV][MXLTEVXMGYPEVEXXIRXMSRXSKVEHI constraints at the railroad crossing and the Arroyo
2SGLS GVSWWMRK [LIVI ZIVXMGEP TVSǰPI HIGMWMSRW LEZI direct structural and hydraulic implications. K+W will
TVITEVIGSRGITXYEPVSEH[E]JSSXTVMRXWTPERERHTVSǰPI drawings, typical sections, and intersection concepts
for connections at Stoneridge Dr and Stanley Blvd, and
will identify probable right-of-way envelopes, utility
GSRDZMGXEVIEWKVEHMRKGSRWMHIVEXMSRWERHQYPXMQSHEP
features including bicycle, pedestrian, ADA, and transit accommodation for each alternative.
8 /02 [MPP HIǰRI XLI STIVEXMSREP VIUYMVIQIRXW XLEX shape roadway geometry at each intersection,
including turn pocket needs, signal infrastructure
JSSXTVMRX XVERWMXMSRW FMOI PERI GSRǰKYVEXMSRW
SR
street or separate path), striping layouts and transit
accommodation requirements including bus stop
placement, pull-out geometry, and future Bus Rapid
Transit (BRT) considerations. The relationship between
K+W and TJKM will cycle through geometry and
STIVEXMSRWXSKIXLIVEWEPXIVREXMZIWEVIVIǰRIH

Kier + Wright | Page 15
Schaaf & Wheeler will provide regional hydraulic
ERH DZSSHTPEMR MRTYX JSV IEGL EPMKRQIRX EPXIVREXMZI evaluating how each option interacts with drainage
TEXXIVRW ERH DZSSHTPEMR FSYRHEVMIW MR XLI GSVVMHSV and providing the hydraulic constraints that inform
WTERWM^MRKERHHVEMREKIVSYXMRKJSVXLI&VVS]S2SGLS
crossing.

PASE will develop bridge crossing concepts for the
Arroyo Mocho, working in coordination with Schaaf

 ;LIIPIVưW L]HVEYPMG ǰRHMRKW XS IWXEFPMWL WTER
requirements and vertical clearance needs, and will
evaluate structural options to recommend the most
appropriate and economical structure type. They
will also provide structural input on railroad crossing KISQIXV] ERH ER] WMXIWTIGMǰG VIXEMRMRK [EPP RIIHW MHIRXMǰIHHYVMRKEPXIVREXMZIWHIZIPSTQIRX
Alta Engineering will provide rail expertise and identify high-level planning constraints and design triggers
JSV VEMP GVSWWMRKW 8LIMV IǯSVXW [MPP MRGPYHI STIVEXMSREP VIUYMVIQIRXW JSV QEMRXEMRMRK EGXMZI VEMP XVEDzG HYVMRK construction, applicable shutdown windows and
DZEKKMRK VIWXVMGXMSRW ERH WXVYGXYVEP ERH GPIEVERGI requirements for crossings. Railroad coordination at this stage is limited to informal information gathering and
does not constitute a formal application to UPRR. The
MRJSVQEXMSRSFXEMRIH [MPPVIDZIGX [LEXVEMPVSEHTIVWSRRIP are willing to share at this point in project development.

Formal determinations on clearances, operational
requirements, and construction conditions cannot be
made until a complete application is submitted and
approved, with construction required to commence
within the timeframe stipulated in that approval.

Cornerstone Earth Group will provide qualitative
geotechnical risk ratings for each alignment alternative ERH DZEK EVIEW [LIVI WYFWYVJEGI GSRHMXMSRW GSYPH
VITVIWIRX E WMKRMǰGERX GSWX WGLIHYPI SV JIEWMFMPMX] constraint.
7EHMYW )IWMKR[MPP MHIRXMJ] I\MWXMRK HV] YXMPMX] GSRDZMGXW along each alignment alternative and identify the
backbone dry utility infrastructure that should be
accommodated within the corridor right-of-way to
serve future development in the area, establishing
that placeholder now within the right-of-way envelope
FIMRKHIǰRIHF]XLMWWXYH]XSTVIZIRXGSWXP]VIXVSǰXXMRK in later project phases.

Green Design will contribute conceptual landscape and
planting treatments to the typical sections and possibly typical plan layouts, illustrating corridor character in section form alongside the engineering cross sections.

This gives the City and decision-makers a visual sense
SJ[LEXXLIǰRMWLIHGSVVMHSVW[SYPHPSSOPMOI
Deliverables: Alternatives exhibits and technical
evaluation memorandum with conceptual roadway plan
ERHTVSǰPIHVE[MRKWX]TMGEPWIGXMSRWERHMRXIVWIGXMSR concepts for each alternative, right-of-way envelopes,
corridor planting concepts in section form/plan, and
planning-level cost estimates for each alternative.

TASK 6 - TECHNICAL EVALUATION OF

AL TERNATIVES
1*&)+.720;
CONTRIBUTING: ALL SUBCONSUL TANTS
9XMPM^MRK XLI JVEQI[SVO HIZIPSTIH MR 8 EWO  0; will evaluate each of the alternatives. The analysis
will include qualitative and quantitative measures,
EWWIWWMRK XVEDzG STIVEXMSRW WEJIX] KISQIXVMG JIEWMFMPMX] utility and drainage implications, right-of-way impacts, environmental constraints, order-of-magnitude
GSWXW ERH GSRWXVYGXEFMPMX] 0; [MPP W]RXLIWM^I EPP subconsultant input into a consolidated alternatives
evaluation memorandum.

To supplement the design team’s cost and
constructability assessments, K+W will leverage its
longstanding relationships with prominent heavy civil
contractors active in this region to solicit informal input on construction feasibility, sequencing challenges,
and potential (rough order-of-magnitude) costs for key
elements such as the railroad undercrossing, the Arroyo Mocho bridge crossing, and earthwork in the quarry
XVERWMXMSR ^SRIW 8LMW GSRXVEGXSV TIVWTIGXMZI FVMRKW TVEGXMGEP ǰIPH ORS[PIHKI XLEX HIWMKR TVSJIWWMSREPW alone cannot fully replicate and will help ensure that
XLI EPXIVREXMZIW IZEPYEXMSR VIDZIGXW VIEP[SVPH GSWXW and what is required to construct the improvements.

The resulting memorandum will directly support the
city’s ability to make an informed, technically defensible alignment selection.

Deliverables: Technical evaluation memorandum
MHIRXMJ]MRK QENSV VMWOW XVEHISǯW ERH TSXIRXMEP JEXEP DZE[WJSVIEGLEPXIVREXMZI

City of Pleasanton | El Charro Road Precise Roadway Alignment TASK 7 - ENVIRONMENTAL AND

PERMITTING CONSTRAINTS SCREENING
LEAD FIRM: ICF
(4387.'98.3,0;
ICF will conduct a planning-level environmental
constraints screening analysis identifying preliminary
environmental considerations for each alignment
alternative under evaluation. The screening will rely on readily available desktop sources and does not include
XIGLRMGEP EREP]WMW QSHIPMRK SV ǰIPH WYVZI]W EX XLMW stage. The primary objectives are twofold: identify any critical resources that may require design avoidance
ERH XLIVIJSVI MRDZYIRGI EPMKRQIRX WIPIGXMSR ERH
provide a comparative assessment of environmental
constraints across the alternatives.

ICF’s screening will address the following resource areas:
agricultural farmlands; biological and aquatic resources (including land cover mapping, special-status species
occurrences, critical habitat, wetlands and waters,
sensitive vegetative communities, and conservation
areas); cultural resources (including a cultural resource records search, a Sacred Lands search and NAHC list
review; geology and seismicity including fault crossings, JEYPX ^SRIW ERH PERHWPMHI WYWGITXMFMPMX]  LE^EVHSYW materials and waste sites through DTSC EnviroStor and
SWRCB GeoTracker database searches within 100 feet
and 0.25 mile of each alternative; hydrology and water
VIWSYVGIW MRGPYHMRK +*2& DZSSHTPEMR QETTMRK  PERH
YWI MRGPYHMRK KIRIVEP TPER HIWMKREXMSRW ERH ^SRMRK  mineral resources based on state mapping; noise and
vibration sensitive receptors; and parks, recreation, and STIRWTEGI0;[MPPGSRXVMFYXIMHIRXMǰGEXMSRSJQENSV utilities and public service facilities within the potential alignment footprints.
.R EHHMXMSR XS GSRWXVEMRX MHIRXMǰGEXMSR .(+ [MPP MHIRXMJ] the likely environmental review and permits required
JSV IEGL EPXIVREXMZI YRHIV (*6& 3*5& IGXMSR  Section 401, and other applicable federal and state
IRZMVSRQIRXEP VIKYPEXMSRW ERH [MPP DZEK ER] MWWYIW where early agency outreach would be strategically
FIRIǰGMEPTVMSVXSEPMKRQIRXWIPIGXMSR
Deliverables &HQMRMWXVEXMZI HVEJX HVEJX ERH ǰREP Environmental Constraints Screening Memorandum.

TASK 8 - UTILITY, DRAINAGE, AND RIGHT-

OF-WAY CONSIDERATIONS
1*&)+.720;
CONTRIBUTING: S&W, RADIUS, AR/WS
0; [MPP MHIRXMJ] QENSV YXMPMX] GSRDZMGXW ERH EWWIWW drainage patterns and stormwater considerations for
each alignment alternative. With nearly 30 years of
project history in this corridor, K+W brings existing record VIWIEVGL EWFYMPX ORS[PIHKI ERH ǰIPH JEQMPMEVMX] XLEX no other team will have.

Where utility, drainage, or right-of-way considerations require a higher level of engineering scrutiny than
standard planning-level assumptions can support, the
XIEQ [MPPDZEKXLSWIMXIQWI\TPMGMXP]WSXLI(MX]GERQEOI informed decisions about where additional analysis is
warranted before alignment selection.

The corridor presents a demanding concentration
of known utility constraints including Zone 7 water
transmission mains, well and treatment facilities, cross- lake subsurface infrastructure, overhead power lines
through the chain of lakes segment, and high-voltage
XVERWQMWWMSR PMRIW TEVEPPIP XS XLI 9RMSR 5EGMǰG PMRIW 0; will initiate early coordination with Zone 7, PG&E, and SXLIVYXMPMX]TVSZMHIVWXSGSRǰVQPSGEXMSRWYRHIVWXERH any future planned utility improvement projects in the
area, and establish relocation scope.
XSVQ[EXIV QEREKIQIRX MW E WMKRMǰGERX GSRWXVEMRX
that must be resolved during the initial portion of this project. The corridor is subject to MRP 3 Provisions C.3 and C.3.g, and a corridor-wide low impact development
treatment strategy must be developed as part of this
study rather than deferred to subsequent phases.

A critical early question is whether there is adequate
elevation to discharge stormwater to the Arroyo Mocho
via gravity along the full corridor length. We anticipate EPS[TSMRXRIEVXLI9RMSR5EGMǰGVEMPVSEHGVSWWMRKQE] require a storm drain pump station.

Schaaf & Wheeler will review and selectively modify
I\MWXMRKDZSSHQSHIPWXSEWWIWWHVEMREKIERHDZSSHTPEMR
impacts for each alternative and will evaluate Arroyo
Mocho’s hydraulic capacity to accept additional project discharge in coordination with Zone 7.

Kier + Wright | Page 17
Radius Design will identify dry utility and overhead power PMRI GSRDZMGXW JSV IEGL EPXIVREXMZI 5,
* VIPSGEXMSRW
are known to carry multi-year lead times, and early
GSRDZMGX MHIRXMǰGEXMSR MW IWWIRXMEP XS OIITMRK YXMPMX] VIPSGEXMSR Sǯ XLI TVSNIGXưW GVMXMGEP TEXL 7EHMYW )IWMKR will also identify backbone dry utility infrastructure to be accommodated within the right-of-way for future
development.
&7;[MPP MHIRXMJ] EǯIGXIH TEVGIPW GLEVEGXIVM^I XLI type of right away takes required, assess valuation
implications, and provide a planning-level acquisition
assessment addressing permanent acquisitions,
XIQTSVEV] IEWIQIRXW ERH TEVGIP EGGIWW IǯIGXW
across the corridor.

Deliverables: Utility, drainage, and right-of-way exhibit MHIRXMJ]MRK OI] GSRDZMGXW GSRWXVEMRXW ERH VMKLXSJ[E] needs for each alignment alternative, accompanied
F] E QIQSVERHYQ WYQQEVM^MRK ǰRHMRKW ERH
recommendations.

TASK 9 - STAKEHOLDER AND AGENCY

COORDINATION
1*&)+.720;
CONTRIBUTING: ALL SUBCONSUL TANTS
K+W will lead stakeholder and agency coordination
as directed by the City, preparing meeting materials
and documenting comments and responses at each
WXIT ;LIVI WTIGMǰG XIGLRMGEP I\TIVXMWI MW RIIHIH to support a particular stakeholder conversation, the
relevant subconsultant will be brought in as needed.

The El Charro corridor involves an unusually broad
set of stakeholders. Key parties anticipated to require coordination include quarry operators regarding
EGGIWWERHXVYGOXVEDzG >SRI
 ;EXIV &KIRG]VIKEVHMRK
infrastructure, lake management, and groundwater
aquifer protection; the City of Livermore as an adjacent jurisdiction; the City of Dublin given proximity and
TSXIRXMEP XVEDzG MQTPMGEXMSRW  XLI 1MZIVQSVI &QEHSV Valley Transit Authority regarding BRT considerations;
*EWX'E]7IKMSREP5EVO)MWXVMGXKMZIRXLILEHS[(PMǯW connection at Stanley Boulevard; Caltrans depending
SR WXYH] EVIE PMQMXW  9RMSR 5EGMǰG 7EMPVSEH VIKEVHMRK the crossing; and private landowners with active
entitlements or development applications where
EPMKRQIRX HIGMWMSRW GSYPH EǯIGX EGGIWW SV VMKLXSJ way. Immediate neighborhood outreach is anticipated
to be addressed through the City of Pleasanton’s
existing public engagement processes.

Deliverables: Meeting materials, action item and
decision logs, and agency and stakeholder coordination
documentation. A minimum of three one-hour
meetings with each key stakeholder is anticipated, with the appropriate subconsultant participating as needed
based on the subject matter of each meeting.

TASK 10 - PREFERRED ALIGNMENT

RECOMMENDATION AND FINAL

DOCUMENTATION
1*&)+.720;
CONTRIBUTING: TJKM, GREEN DESIGN, AR/WS
K+W will recommend a preferred precise roadway
alignment based on the results of the alternatives
EREP]WMW ERH (MX] JIIHFEGO W]RXLIWM^MRK XLI [SVO products from Tasks 1 through 9. K+W, in conjunction
with TJKM and Green Design, will prepare draft
ERH ǰREP XIGLRMGEP HSGYQIRXEXMSR I\LMFMXW X]TMGEP sections, and presentation materials for city review.

The documentation will include a clear and technically
defensible narrative that explains why the preferred
alignment is recommended and what the city should
expect in the next phase of project delivery.

Upon selection of the preferred alignment, K+W will
prepare a plat map and legal description of the area to be reserved for the future roadway, as well as separate TPEX QETW ERH PIKEP HIWGVMTXMSRW JSV IEGL EǯIGXIH parcel through which the alignment extends, suitable
for recordation against the property as required by
XLI 7+5&7;[MPP WYTTSVX XLMW IǯSVX F] GSRǰVQMRK parcel ownership, boundary conditions, and any title
considerations relevant to the legal descriptions.

Deliverables )VEJX ERH ǰREP TVIJIVVIH EPMKRQIRX
TEGOEKI MRGPYHMRK GSRGITXYEP TPER ERH TVSǰPI HVE[MRKW typical sections with conceptual landscape treatments,
design assumptions and constraints summary, order-
of-magnitude cost estimates, and recommended next
WXITW ǰREPTVIGMWIVSEH[E]EPMKRQIRXVITSVX TPEXQETW and legal descriptions for the preferred alignment
GSVVMHSV ERH IEGL EǯIGXIH TEVGIP  ERH TVIWIRXEXMSR QEXIVMEPWERHIHMXEFPIIPIGXVSRMGǰPIWJSV(MX]VIZMI[

Schedule

Kier + Wright | Page 18
# Task / Deliverable M o 1M o 2M o 3M o 4M o 5M o 6M o 7M o 8M o 9 M o 1 0 M o 1 1 M o 1 2 1 Task 1 - Project Management & Coordination
Kickoff Meeting (all team + City staff)
Bi-weekly progress meetings
Deliverable: Project management plan, schedule,
meeting agendas, action item/decision logs
2 Task 2 - Existing Conditions Review & Data
Collection
City document review + team background data
Field reviews - all subconsultants
Deliverable: Existing conditions memorandum
3 Task 3 - Survey & Base Mapping Support
Compile GIS, LiDAR, NearMap, utility records - K+W
Supplement with field survey crews (if needed) - K+W
Deliverable: Base map (PDF + AutoCAD)
4 Task 4 - Design Criteria & Evaluation Framework
Design all hands meeting - City staff + all subconsultants Deliverable: Design criteria memorandum
+ alternatives evaluation framework
5 Task 5 - Alignment Alternatives Development
Hydraulic/geotech/dry utility input - S&W + CEG + Radius Structural concepts - Peoples Assoc + Alta Eng
Horizontal/vertical geometry - K+W + TJKM iteration
Conceptual landscape plans
Deliverable: Alt exhibits, typical sections, cost estimates 6 Task 6 - Technical Evaluation of Alternatives
Subconsultant discipline inputs
Contractor constructability/cost input
City review period
Deliverable: Technical evaluation memorandum
7 Task 7 - Environmental & Permitting Constraints
Screening
Desktop environmental screening - ICF
Deliverable: Admin draft, draft + final
Environmental Constraints Screening Memo
8 Task 8 - Utility, Drainage & Right-of-Way
Considerations
Early Zone 7, PG&E, utility coordination - K+W + Radius Drainage/stormwater feasibility analysis - K+W + S&W
Parcel/ROW acquisition assessment - K+W + AR/WS
Deliverable: Utility/drainage/ROW exhibit + findings
memorandum
9 Task 9 - Stakeholder & Agency Coordination
Quarry operators, Zone 7, UPRR, LAVTA,
EBRPD, Caltrans, LAVWMA, private landowners
Min. 3 meetings per key stakeholder
Deliverable: Meeting materials, decision logs, coordination documentation
10 Task 10 - Preferred Alignment Recommendation
& Final Documentation
Preferred alignment synthesis - K+W + TJKM
City review - draft preferred alignment package
Plat maps + legal descriptions - K+W + AR/WS
Deliverable: Final preferred alignment package,
report, plat maps, presentation materials
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El Charro Road Precise Roadway Alignment | Project Schedule Milestone Deliverable DueLEGEND: Task Duration Subtask/Activity сссссссссс
сссссссссс
сссссссссссссссссссссс
сссссссссс
сссссссссссссссссссссссссссссссссссссссссссссссссссссссссссссссссссс сссссссссссссссс
ссссссссссссссссссссссссссс
ссссссссссссссссссссссссссссссссссссссс
ссссссссссссссссссссссссссссссссссссссс

Role / Classification
Billing
Rate
($/hr)
T1
Proj
Mgmt
T2
Exist
Cond
T3
Survey
T4
Design
Criteria
T5
Alts
Dev
T6
Tech
Eval
T7
Environ
Screen
T8
Utility/
Drainage
T9
Stkhldr
Coord
T10
Final
Docs
Total
Hours
Total
Labor Cost
Principal $345 14 6 4 13 26 12 8 12 10 34 139 $47,955
Associate $300 22 12 16 17 45 13 12 21 14 50 222 $66,600 Senior Engineering Manager $280 46 12 0 23 65 20 18 31 31 40 286 $80,080 Engineer II $208 18 12 0 18 81 20 16 30 2 44 241 $50,128 Engineering Tech II $199 20 6 0 19 99 26 6 17 2 39 234 $46,566 Project Coordinator II $145 75 10 6 25 21 14 18 42 46 36 293 $42,485 Project Surveyor II $193 18 10 24 0 6 6 0 8 4 16 92 $17,756 Survey Coordinator $240 6 12 8 0 0 0 0 6 0 10 42 $10,080 Survey Tech III $186 0 10 68 0 0 0 0 22 2 30 132 $24,552 2-Man Survey Crew $388 0 2 32 0 0 0 0 0 0 0 34 $13,192
K+W | Task Hours Hrs/Task 219 92 158 115 343 111 78 189 111 299 1,715 Total Hours K+W | Task Cost Cost/Task $47,823 $21,616 $38,666 $27,175 $81,422 $26,162 $18,532 $41,909 $24,958 $71,131 1,715 $399,394 PIC/President $265 4 4 4 4 8 8 32 $8,480
TJKM Project Manager/Sr. Project Manager $210 24 8 24 24 16 8 16 120 $25,200 Technical Staff/Project Manager $200 40 8 48 $9,600
Technical Staff/Transportation Engineer $145 24 80 8 24 136 $19,720 TJKM Transportation Consultants | Task Hours Hrs/Task 28 32 0 28 148 20 0 0 32 48 336 Total Hours TJKM Transportation Consultants | Task Cost Cost/Task $6,100 $5,160 $0 $6,100 $25,700 $4,420 $0 $0 $6,560 $8,960 336 $63,000 $9,450
$72,450
Project Manager $315 20 4 6 8 24 8 70 $22,050
Senior Engineer $265 14 8 20 22 12 20 96 $25,440
Assistant Engineer $210 22 8 12 30 28 100 $21,000
Schaaf & Wheeler | Task Hours Hrs/Task 20 40 0 0 16 38 0 60 36 56 266 Total Hours Schaaf & Wheeler | Task Cost Cost/Task $6,300 $9,590 $0 $0 $3,800 $9,710 $0 $14,650 $10,740 $13,700 266 $68,490 $10,274
$78,764
Principal Engineer $285 8 8 16 16 12 4 4 68 $19,380
Senior Structural Engineer $240 24 32 30 16 6 10 118 $28,320 Senior Project Engineer 1 $210 26 26 $5,460
Assistant Engineer 3 $170 24 24 $4,080
BIM Technical Manager $210 2 2 $420
BIM Project Lead 2 $195 12 12 $2,340
El Charro Road Precise Roadway Alignment | Fee Proposal - Labor Hour Loader | Kier & Wright Civil Engineers & Land Surveyors Kier & Wright Civil Engineers & Land Surveyors (K+W) | Prime Consultant / Civil Engineering & Alignment TJKM Transportation Consultants | Traffic Engineering Schaaf & Wheeler | Regional Hydrology & Hydraulics
Peoples Associates Structural Engineering | Structural Engineering Total Consultant Cost
Consultants 15% Markup
Consultants 15% Markup
Total Consultant Cost

Role / Classification
Billing
Rate
($/hr)
T1
Proj
Mgmt
T2
Exist
Cond
T3
Survey
T4
Design
Criteria
T5
Alts
Dev
T6
Tech
Eval
T7
Environ
Screen
T8
Utility/
Drainage
T9
Stkhldr
Coord
T10
Final
Docs
Total
Hours
Total
Labor Cost
El Charro Road Precise Roadway Alignment | Fee Proposal - Labor Hour Loader | Kier & Wright Civil Engineers & Land Surveyors Peoples Associates | Task Hours Hrs/Task 32 8 0 48 110 28 4 0 6 14 250 Total Hours Peoples Associates | Task Cost Cost/Task $8,040 $2,280 $0 $12,240 $24,060 $7,260 $1,140 $0 $1,440 $3,540 250 $60,000 $9,000
$69,000
Principal Engineer $180 5 12 26 36 20 5 15 20 139 $25,020 Alta Engineering LLC | Task Hours Hrs/Task 5 12 0 26 36 20 0 5 15 20 139 Total Hours Alta Engineering LLC | Task Cost Cost/Task $900 $2,160 $0 $4,680 $6,480 $3,600 $0 $900 $2,700 $3,600 139 $25,020 $3,753
$28,773
Senior Principal Engineer $350 20 20 $7,000
Senior Project Engineer $273 85 24 25 40 20 194 $52,962 Staff Engineer $199 25 25 $4,975
Cornerstone Earth Group | Task Hours Hrs/Task 105 49 0 25 0 40 0 0 0 20 239 Total Hours Cornerstone Earth Group | Task Cost Cost/Task $30,205 $11,527 $0 $6,825 $0 $10,920 $0 $0 $0 $5,460 239 $64,937 $9,741
$74,678
Project Manager II $226 4 12 10 12 4 6 48 $10,848
Assistant Project Manager $148 4 20 18 16 18 76 $11,248 Sr Electric Design Engr $212 9 9 $1,908
Utility Design Engr I $148 97 97 $14,356
Radius Design LLC | Task Hours Hrs/Task 8 32 0 28 28 22 0 106 0 6 230 Total Hours Radius Design LLC | Task Cost Cost/Task $1,496 $5,672 $0 $4,924 $5,080 $3,568 $0 $16,264 $0 $1,356 230 $38,360 $5,754
$44,114
Principal Landscape Arhitiect $250 30 5 10 10 10 5 10 80 $20,000 Landscape Designer $175 20 30 20 15 5 40 130 $22,750
Green Design | Task Hours Hrs/Task 30 25 0 40 30 25 0 0 10 50 210 Total Hours Green Design | Task Cost Cost/Task $7,500 $4,750 $0 $7,750 $6,000 $5,125 $0 $0 $2,125 $9,500 210 $42,750 $6,413
$49,163
Consultants 15% Markup
Alta Engineering LLC | Railroad Engineering
Cornerstone Earth Group | Geotechnical Engineering
Radius Design LLC | Dry Utility Coordination
Total Consultant Cost
Consultants 15% Markup
Total Consultant Cost
Consultants 15% Markup
Total Consultant Cost
Consultants 15% Markup
Total Consultant Cost
Consultants 15% Markup
Total Consultant Cost
Green Design | Landscape Architecture

Role / Classification
Billing
Rate
($/hr)
T1
Proj
Mgmt
T2
Exist
Cond
T3
Survey
T4
Design
Criteria
T5
Alts
Dev
T6
Tech
Eval
T7
Environ
Screen
T8
Utility/
Drainage
T9
Stkhldr
Coord
T10
Final
Docs
Total
Hours
Total
Labor Cost
El Charro Road Precise Roadway Alignment | Fee Proposal - Labor Hour Loader | Kier & Wright Civil Engineers & Land Surveyors

Principal Consultant $300 2 2 4 $1,200
Managing Consultant $235 10 8 18 $4,230
Consultant III $185 40 2 42 $7,770
Administrative Support $100 8 8 $800
Associated Right of Way Services, Inc. (AR/WS) | Task Hours Hrs/Task 0 0 0 0 0 0 0 60 12 0 72 Total Hours Associated Right of Way Services, Inc. (AR/WS) | Task Cost Cost/Task $0 $0 $0 $0 $0 $0 $0 $11,150 $2,850 $0 72 $14,000 $2,100
$16,100
Project Director $374.16 1 7 8 $2,993
Project Manager $258.74 4 36 40 $10,350
GIS lead $156.82 104 104 $16,309
Archaeology $165.53 20 20 $3,311
Arch. Hstiory $140.80 20 20 $2,816
Wildlife Biology $239.18 10 10 $2,392
Project Coordinator $95.45 24 24 $2,291
Geology/Hazmat $142.17 6 6 $853
Water Resources $85.84 4 4 $343
Editor $142.87 6 6 $857
Word Processor $119.47 3 3 $358
ICF | Task Hours Hrs/Task 5 0 0 0 0 0 240 0 0 0 241 Total Hours ICF | Task Cost Cost/Task $1,409 $0 $0 $0 $0 $0 $41,121 $0 $0 $0 241 $42,530 $6,380
$48,910
TOTAL PROJECT | Hours by Task Hrs/Task 452 290 158 310 711 304 322 420 222 513 3,698 Total Hours TOTAL PROJECT FEE | Cost by Task Cost/Task $109,773 $62,755 $38,666 $69,694 $152,542 $70,765 $60,793 $84,873 $51,373 $117,247 3,698 $881,344

COST SUMMARY
$44,067
$925,411
Consultants 15% Markup
Total Consultant Cost
5% Reimburseable Expense
Total Consultant Cost
Consultants 15% Markup
Total Consultant Cost
Associated Right of Way Services, Inc. (AR/WS) | Right-of-Way Acquisition ICF | Environmental Permitting

Item #6

CITY COUNCIL AGENDA REPORT

June 16, 2026
Finance

TITLE: ACCEPT THE MONTHLY DISBURSEMENTS AND INVESTMENT REPORT FOR APRIL 2026

SUMMARY
Attached is the City of Pleasanton monthly disbursements and investment report for April 2026.

RECOMMENDATION
Accept claim disbursements in the amount of $18,502,999 and the investment report for the month of April 2026.

BACKGROUND
The City's Investment Policy requires the Director of Finance to submit a monthly transaction report to the City Council within 60 days of the end of the reporting period in accordance with California Government Code Section 53607.

The Investment Policy also requires the Director of Finance to submit a quarterly report to the City Council on the status of the City's investment portfolio no later than 45 days after the end of each month. This report shall include the types of investments, the amount of money invested with various institutions, purchase and maturity dates, and yield on investments. The Director of Finance affirms that the investment portfolio complies with the investment policy and will meet cash flow needs for the next six months.

This report also includes check and electronic payment information for April 2026.

DISCUSSION
The monthly disbursements and investment report provides transparency of the City’s financial transactions and payments for review by the City Council.

The City has transitioned to a new reporting format to incorporate Chandler Asset Management's Investment Report. The average purchase yield (also known as book yield) will be used to indicate the annual rate at which the City is currently earning income. The average market yield will be utilized to indicate the average rate at which new and maturing funds are being reinvested. The City will also utilize total return to demonstrate how the portfolio has grown over time. Total return includes growth from income (including accrual), realized gains and losses as a result of a sale before maturity, and unrealized gains and losses (gains and losses on paper) as a result of changes to market value. Total return is compared to the City’s risk and performance measuring benchmark that is similar in duration to the City’s portfolio duration: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index.

The total investment portfolio (market value) consists of $195,049,595 managed by Chandler

Asset Management and $74,478,582 invested by the City in Local Agency Investment Fund (LAIF) and Certificates of Deposit. The average market yield of the Chandler portfolio and the City Managed Investments were 4.03% and 3.81% respectively. These figures reflect the rate at which new and maturing funds are being reinvested.

The City’s investment portfolio for this period totaled $269,528,177 (market value), with a weighted-average market yield of 3.97%. The total investment portfolio balance fluctuates throughout the year due to normal cash flow needs and includes both discretionary and restricted funds.

Table 1. Asset Composition

EQUITY AND SUSTAINABILITY
Not applicable, as this item is a routine administrative matter of City business.

OUTREACH
No outreach was conducted, as this item is a routine administrative matter of City business.

STRATEGIC PLAN ALIGNMENT
Not applicable, as this item is a routine administrative matter.

FISCAL IMPACT
There is no fiscal impact associated with acceptance of this report.

Prepared by: Submitted by: Approved by:

Minh Nguyen, Junior
Accountant
Susan Hsieh, Director of Finance

Acting City Manager

Attachments:

1. Disbursements & Investment Report

Attachment 1

April 2026 DISBURSEMENTS
CHECK REGISTER*

DATE CHECK NUMBER AMOUNT
4/2/2026 86550-86665 4,173,057$
4/9/2026 86672-86763 308,313
4/14/2026 86764-86765 573,327
4/16/2026 86778-86903 1,042,962
4/23/2026 86915-87064 814,759
6,912,418$

ACH PAYMENTS

DATE CHECK NUMBER AMOUNT
4/2/2026 86528-86549 1,508,986 $
4/9/2026 86666-86671 2,052,569
4/16/2026 86766, 86768-86777 1,390,715
4/23/2026 86904-86914 488,324
Payroll & Tax Related ACH Payments 910,275
6,350,869$

WIRE TRANSFERS

DATE AMOUNT
-$

PAYROLL TRANSFERS

DATE AMOUNT
4/1/2026 1,717,972 $
4/15/2026 1,685,709
4/29/2026 1,836,030
5,239,711$
TOTAL DISBURSEMENTS 18,502,999$
* Detailed registers available upon request.

MONTHLY ACCOUNT STATEMENT
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

Bank of New York Mellon

CONFIDENTIAL | 2
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (07/01/25)
City of Pleasanton Mgd Account 0.20% 0.36% 0.64% -- -- -- -- -- -- Benchmark Return 0.15% (0.08%) 0.13% -- -- -- -- -- --
Average Modified Duration 2.25
Average Coupon 3.44%
Average Purchase YTM 3.41%
Average Market YTM 4.03%
Average Credit Quality* AA
Average Final Maturity 2.61
Average Life 2.48
End Values as of
03/31/2026
End Values as of
04/30/2026
Market Value 193,197,650.45 193,467,641.07
Accrued Interest 1,283,245.60 1,581,953.77
Total Market Value 194,480,896.05 195,049,594.84
Income Earned 665,484.43 539,372.03
Cont/WD 0.00 179,949.96
Par 193,830,400.39 194,298,285.60
Book Value 194,086,558.79 194,474,881.23
Cost Value 194,039,307.11 194,431,551.15
United States 50.48%
Federal Home Loan Banks 18.03%
JPMorgan Chase & Co. 2.32%
Farm Credit System 1.55%
Deere & Company 1.30%
Met Tower Global Funding 1.15%
Cisco Systems, Inc. 1.05%
Florida Power & Light 1.04%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index *The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch.

CONFIDENTIAL | 3
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (MV) 100.0 0.9 Compliant
Max % Issuer (MV) 30.0 0.9 Compliant
Max Maturity (Years) 5.0 2.7 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 6.1 Compliant
Max % Issuer (MV) 5.0 0.9 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant
CAMP
Max % (MV) 30.0 0.0 Compliant

COLLATERALIZED BANK DEPOSITS
Max % (MV) 100.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 21.2 Compliant
Max % Issuer (MV) 5.0 2.3 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

CONFIDENTIAL | 4
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 19.6 Compliant
Max % Issuer (MV) 30.0 18.0 Compliant
Max Callables (MV) 20.0 18.1 Compliant
Max Maturity (Years) 5 0.0 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.2 Compliant
Max % Issuer (MV) 20.0 0.2 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

CONFIDENTIAL | 5
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max % (MV) 15.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant

SRI PROHIBITED INVESTMENTS
Prohibited Investment - Fossil Fuels 0.0 0.0 Compliant
Prohibited Investments - Firearms 0.0 0.0 Compliant
Prohibited Investments - Tobacco 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 1.5 Compliant
Max % Issuer (MV) 10.0 1.0 Compliant
Max Maturity (Years) 5 2 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 50.5 Compliant
Max Maturity (Years) 5 4 Compliant

CONFIDENTIAL | 6
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 194,086,558.79 70,036,654.99
Maturities/Calls 0.00 (26,585,000.00)
Principal Paydowns 0.00 0.00
Purchases 12,017,506.55 175,890,929.14
Sales (11,592,971.13) (141,868,658.04)
Change in Cash, Payables, Receivables (1,931.38) 2,462.06 Amortization/Accretion (3,921.60) (32,450.52)
Realized Gain (Loss) (30,360.00) (977,564.45)
Ending Book Value 194,474,881.23 194,474,881.23
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 193,197,650.45 69,837,676.39
Maturities/Calls 0.00 (26,585,000.00)
Principal Paydowns 0.00 0.00
Purchases 12,017,506.55 175,890,929.14
Sales (11,592,971.13) (141,868,658.04)
Change in Cash, Payables, Receivables (1,931.38) 2,462.06 Amortization/Accretion (3,921.60) (32,450.52)
Change in Net Unrealized Gain (Loss) (118,331.82) (808,261.56) Realized Gain (Loss) (30,360.00) (977,564.45)
Ending Market Value 193,467,641.07 193,467,641.07
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (26,585,000.00)
Principal Paydowns
Month to Date 0.00
Fiscal Year to Date 0.00
Purchases
Month to Date 12,017,506.55
Fiscal Year to Date 175,890,929.14
Sales
Month to Date (11,592,971.13)
Fiscal Year to Date (141,868,658.04)
Interest Received
Month to Date 239,304.53
Fiscal Year to Date 3,692,115.25
Purchased / Sold Interest
Month to Date 5,280.93
Fiscal Year to Date (678,486.81)

CONFIDENTIAL | 7
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
096912AD2 BMWLT 2025-1 A3 4.43
06/26/2028 175,000.00 06/03/2025

4.82%
174,996.15
174,997.28
100.35

4.11%
175,611.80
129.21

0.09%
614.52
NA/AAA
AAA

2.16 0.97
89240NAD4 TLOT 2025-B A3 3.96 11/20/2028 805,000.00 09/09/2025

3.97%
804,855.91
804,883.98

99.63 4.25%
802,044.85
974.05

0.41%
(2,839.14)
Aaa/NA
AAA

2.56 1.44
448970AD5 HALST 2026-A A3 3.97
12/15/2028 590,000.00 01/12/2026

3.98%
589,913.51
589,921.68

99.65 4.22%
587,950.34
1,041.02

0.30%
(1,971.34)
NA/AAA
AAA

2.63 1.63
36273VAD7 GMALT 2026-1 A3 3.88
01/22/2029 1,050,000.00 02/03/2026

4.11%
1,049,862.56
1,049,872.53

99.64 4.14%
1,046,211.60
1,244.83

0.54%
(3,660.93)
NA/AAA
AAA

2.73 1.55
448972AD1 HALST 26B A3 4.21 04/16/2029 1,250,000.00 --

4.21%
1,249,836.35
1,249,837.21

99.88 4.31%
1,248,548.75
1,315.63

0.65%
(1,288.46)
NA/AAA
AAA

2.96 1.83
58770XAD5 MBALT 2025-B A3 3.88
04/16/2029 1,260,000.00 10/16/2025

4.57%
1,259,793.23
1,259,824.28

99.42 4.29%
1,252,649.16
2,172.80

0.65%
(7,175.12)
NA/AAA
AAA

2.96 1.54
05594YAD8 BMWLT 2026-1 A3 4.15
05/25/2029 875,000.00 04/14/2026

4.85%
874,903.31
874,904.08

99.84 4.27%
873,620.13
907.81

0.45%
(1,283.96)
Aaa/NA
AAA

3.07 1.82
44935XAD7 HART 2025-B A3 4.36
12/17/2029 265,000.00 06/03/2025

4.36%
264,976.07
264,980.77
100.35

4.14%
265,937.31
513.51

0.14%
956.54
NA/AAA
AAA

3.63 1.34
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 535,000.00 01/13/2026

3.97%
534,893.91
534,901.20

99.34 4.32%
531,472.75
934.47

0.27%
(3,428.46)
Aaa/NA
AAA

3.71 1.87
47787DAD3 JDOT 2026 A3 3.87 08/15/2030 650,000.00 03/10/2026

4.49%
649,884.82
649,887.97

99.00 4.36%
643,474.00
1,118.00

0.33%
(6,413.97)
Aaa/NA
AAA

4.29 2.21
89240KAD0 TAOT 2026-A A3 3.86
09/15/2030 770,000.00 01/13/2026

4.13%
769,934.40
769,938.26

99.35 4.27%
765,018.10
1,320.98

0.40%
(4,920.16)
Aaa/AAA
NA

4.38 1.72
43815CAD0 HAROT 2026-1 A3 3.78
09/23/2030 930,000.00 02/10/2026

3.03%
929,851.85
929,858.21

99.17 4.25%
922,321.92
976.50

0.48%
(7,536.29)
Aaa/NA
AAA

4.40 1.86
87269AAA8 TMUST 261 A 4.25 10/21/2030 690,000.00 03/12/2026

4.26%
689,853.58
689,857.25

99.65 4.45%
687,601.56
896.04

0.36%
(2,255.69)
Aaa/NA
AAA

4.48 2.20
89240QAD7 TAOT 2026-B A3 4.13
12/16/2030 710,000.00 04/14/2026

4.27%
709,850.26
709,851.14

99.84 4.24%
708,864.71
814.53

0.37%
(986.43)
Aaa/AAA
NA

4.63 2.25
448981AD2 HART 2026-A A3 3.79
02/18/2031 1,240,000.00 02/10/2026

4.30%
1,239,916.30
1,239,919.60

99.16 4.23%
1,229,526.96
2,088.71

0.64%
(10,392.64)
NA/AAA
AAA

4.80 2.08
Total ABS 11,795,000.00 4.19%
11,793,322.21
11,793,435.44

99.54 4.26%
11,740,853.92
16,448.09

6.07%
(52,581.52)

3.60 1.80
AGENCY

CONFIDENTIAL | 8
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3133EMH21 FEDERAL FARM CREDIT BANKS
FUNDING CORP 0.9 06/15/2026 3,000,000.00 06/24/2021

0.92%
2,997,000.00
2,999,925.70

99.64 3.81%
2,989,332.00
10,200.00

1.55%
(10,593.70)
Aa1/AA+
AA+

0.13 0.12
3130AMWK4 FEDERAL HOME LOAN BANKS

1.02 07/14/2026 3,000,000.00 07/14/2021

1.03%
2,999,250.00
2,999,969.61

99.45 3.73%
2,983,542.00
9,095.00

1.54%
(16,427.61)
Aa1/AA+
AA+

0.21 0.20
3130AP2P9 FEDERAL HOME LOAN BANKS

0.92 09/30/2026 3,000,000.00 09/30/2021

1.03%
2,983,500.00
2,998,626.51

98.82 3.82%
2,964,537.00
2,376.67

1.53%
(34,089.51)
Aa1/AA+
AA+

0.42 0.41
3130APC94 FEDERAL HOME LOAN BANKS

1.07 10/14/2026 3,000,000.00 10/14/2021

1.09%
2,997,750.00
2,999,795.45

98.80 3.77%
2,963,853.00
1,515.83

1.53%
(35,942.45)
Aa1/AA+
AA+

0.46 0.45
3130APUR4 FEDERAL HOME LOAN BANKS 1.3
11/24/2026 1,840,000.00 12/09/2021

1.42%
1,829,401.60
1,838,788.59

98.60 3.84%
1,814,160.88
10,431.78

0.94%
(24,627.71)
Aa1/AA+
AA+

0.57 0.55
3130APU78 FEDERAL HOME LOAN BANKS 1.3
11/24/2026 530,000.00 12/09/2021

1.42%
526,947.20
529,651.06

98.60 3.84%
522,557.21
3,004.81

0.27%
(7,093.85)
Aa1/AA+
AA+

0.57 0.55
3130APVC6 FEDERAL HOME LOAN BANKS

1.375 12/01/2026 3,000,000.00 12/09/2021

1.46%
2,988,000.00
2,998,587.46

98.62 3.78%
2,958,702.00
17,187.50

1.53%
(39,885.46)
Aa1/AA+
AA+

0.59 0.57
3130AQF65 FEDERAL HOME LOAN BANKS

1.25 12/21/2026 3,000,000.00 12/22/2021

1.28%
2,995,657.09
2,999,443.16

98.43 3.76%
2,952,921.00
13,541.67

1.53%
(46,522.16)
Aa1/AA+
AA+

0.64 0.62
3130AQG80 FEDERAL HOME LOAN BANKS

1.42 12/29/2026 6,000,000.00 --

1.48%
5,982,000.00
5,997,599.06

98.47 3.78%
5,908,476.00
28,873.33

3.05%
(89,123.06)
Aa1/AA+
AA+

0.67 0.65
3130AQEC3 FEDERAL HOME LOAN BANKS

1.37 12/30/2026 3,000,000.00 12/30/2021

1.37%
3,000,000.00
3,000,000.00

98.40 3.83%
2,952,072.00
13,814.17

1.53%
(47,928.00)
Aa1/AA+
AA+

0.67 0.65
3130AQEF6 FEDERAL HOME LOAN BANKS

1.375 12/30/2026 3,000,000.00 12/30/2021

1.39%
2,998,500.00
2,999,800.38

98.41 3.83%
2,952,171.00
13,864.58

1.53%
(47,629.38)
Aa1/AA+
AA+

0.67 0.65
3130AQLD3 FEDERAL HOME LOAN BANKS

1.75 01/28/2027 3,000,000.00 02/08/2022

1.93%
2,975,010.00
2,996,254.94

98.54 3.76%
2,956,323.00
13,562.50

1.53%
(39,931.94)
Aa1/AA+
AA+

0.75 0.72
3130AQW66 FEDERAL HOME LOAN BANKS

2.08 02/25/2027 3,000,000.00 03/08/2022

2.11%
2,995,500.00
2,999,256.20

98.60 3.83%
2,957,997.00
11,440.00

1.53%
(41,259.20)
Aa1/AA+
AA+

0.82 0.80
Total Agency 38,370,000.00 1.38%
38,268,515.89
38,357,698.12

98.72 3.79%
37,876,644.09
148,907.83

19.58%
(481,054.03)

0.56 0.54

AGENCY CMBS
3137FKZZ2 FHMS K-088 A2 3.69 01/25/2029 1,795,000.00 03/26/2026

4.24%
1,766,883.01
1,767,748.58

98.71 4.14%
1,771,815.78
5,519.63

0.92%
4,067.20
Aaa/AA+
AA+

2.74 2.48
Total Agency CMBS 1,795,000.00 4.24%
1,766,883.01
1,767,748.58

98.71 4.14%
1,771,815.78
5,519.63

0.92%
4,067.20

2.74 2.48
CASH

CONFIDENTIAL | 9
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 2,462.06 -- 2,462.06
2,462.06

1.00 2,462.06

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 2,462.06
2,462.06
2,462.06

1.00 2,462.06

0.00 0.00%

0.00 0.00

0.00 CORPORATE
46632FSC0 JPMORGAN CHASE BANK, N.A.

1.1 06/22/2026 3,000,000.00 06/22/2021

0.00%
3,000,000.00
3,000,000.00

99.41 5.26%
2,982,366.00
11,825.00

1.54%
(17,634.00)
Aa2/AA-
AA

0.15 0.14
14913UAR1 CATERPILLAR FINANCIAL
SERVICES CORP 4.4 10/15/2027 1,500,000.00 --

4.17%
1,507,375.00
1,504,775.00
100.48

4.06%
1,507,137.00
2,933.33

0.78%
2,362.00
A1/A
A+

1.46 1.40
571748BY7

MARSH & MCLENNAN
COMPANIES INC 4.55
11/08/2027
1,000,000.00 07/21/2025

4.22%
1,006,950.00
1,004,515.78
100.45

4.24%
1,004,478.00
21,865.28

0.52%
(37.78)
A3/A-
A-

1.53 1.35
532457CU0 ELI LILLY AND CO 4.55
02/12/2028 500,000.00 03/19/2025

4.32%
502,955.00
501,785.07
100.69

4.14%
503,469.00
4,992.36

0.26%
1,683.93
Aa3/AA-
NA

1.79 1.60
857477CU5 STATE STREET CORP 4.536
02/28/2028 500,000.00 03/19/2025

4.50%
500,095.00
500,057.96
100.61

4.18%
503,032.50
3,969.00

0.26%
2,974.54
Aa3/A
AA-

1.83 1.65
46647PAF3 JPMORGAN CHASE & CO 3.54
05/01/2028 750,000.00 07/22/2025

4.38%
739,305.00
743,966.50

99.16 4.85%
743,736.00
13,275.00

0.38%
(230.50)
A1/A
AA-

2.00 0.97
26444HAE1 DUKE ENERGY FLORIDA LLC 3.8
07/15/2028 1,250,000.00 --

4.20%
1,235,640.00
1,239,861.30

99.08 4.24%
1,238,541.25
13,986.11

0.64%
(1,320.05)
A1/A
NA

2.21 2.07
61744YAK4 MORGAN STANLEY 3.591
07/22/2028 750,000.00 07/22/2025

4.21%
736,972.50
740,327.53

98.89 4.12%
741,704.25
7,406.44

0.38%
1,376.72
A1/A-
A+

2.23 1.17
74340XBX8 PROLOGIS LP 4.0 09/15/2028 1,250,000.00 --

4.38%
1,235,247.50
1,239,564.53

99.31 4.31%
1,241,355.00
6,388.89

0.64%
1,790.47
A2/A
NA

2.38 2.23
023135CS3 AMAZON.COM INC 3.9
11/20/2028 925,000.00 11/17/2025

3.91%
924,796.50
924,826.58

99.35 4.17%
918,983.80
16,133.54

0.48%
(5,842.78)
A1/AA
AA-

2.56 2.36
06051GHD4 BANK OF AMERICA CORP 3.419
12/20/2028 750,000.00 07/22/2025

4.40%
733,402.50
738,721.24

98.35 4.67%
737,609.25
9,331.02

0.38%
(1,111.99)
A1/A-
AA-

2.64 1.55
58989V2M5 MET TOWER GLOBAL FUNDING

4.0 01/14/2029 1,225,000.00 01/07/2026

4.05%
1,223,419.75
1,223,574.03

98.85 4.46%
1,210,881.88
14,563.89

0.63%
(12,692.15)
Aa3/AA-
AA-

2.71 2.50
24422EXH7 JOHN DEERE CAPITAL CORP 4.5
01/16/2029 1,500,000.00 --

4.47%
1,500,745.00
1,501,409.23
100.79

4.19%
1,511,856.00
19,687.50

0.78%
10,446.77
A1/A
A+

2.71 2.50
78017DAA6 ROYAL BANK OF CANADA 4.965
01/24/2029 500,000.00 02/20/2025

4.82%
501,950.00
501,156.84
100.86

4.45%
504,311.50
6,688.96

0.26%
3,154.66
A1/A
AA-

2.74 1.62

CONFIDENTIAL | 10
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 500,000.00 03/19/2025

4.54%
501,095.00
500,779.60
101.20

4.13%
506,014.00
5,813.89

0.26%
5,234.40
A1/A+
NA

2.76 2.53
06406RBN6 BANK OF NEW YORK MELLON
CORP 4.543 02/01/2029 1,250,000.00 --

4.38%
1,251,885.00
1,253,584.65
100.39

4.49%
1,254,857.50
14,196.88

0.65%
1,272.85
Aa3/A
AA-

2.76 1.65
91159HJK7 US BANCORP 4.653 02/01/2029 1,500,000.00 --

4.30%
1,509,580.00
1,508,760.27
100.39

4.58%
1,505,851.50
17,448.75

0.78%
(2,908.77)
A3/A
A

2.76 1.65
009158BH8 AIR PRODUCTS AND CHEMICALS
INC 4.6 02/08/2029 500,000.00 04/17/2025

4.37%
503,835.00
502,776.00
100.70

4.33%
503,521.50
5,302.78

0.26%
745.50
A3/A
NA

2.78 2.48
756109CF9 REALTY INCOME CORP 4.75
02/15/2029 1,000,000.00 07/22/2025

4.30%
1,014,460.00
1,011,254.25
100.95

4.38%
1,009,547.00
10,027.78

0.52%
(1,707.25)
A3/A-
NA

2.80 2.49
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 2,000,000.00 --

4.04%
2,046,800.00
2,041,088.89
101.65

4.22%
2,033,010.00
17,513.89

1.05%
(8,078.89)
A1/AA-
NA

2.83 2.52
571748BG6

MARSH & MCLENNAN
COMPANIES INC 4.375
03/15/2029
500,000.00 05/22/2025

4.55%
496,995.00
497,735.46
100.06

4.35%
500,282.00
2,795.14

0.26%
2,546.54
A3/A-
A-

2.87 2.66
79466LAR5 SALESFORCE INC 4.65
03/15/2029 425,000.00 03/19/2026

4.65%
425,029.75
425,028.57
100.19

4.57%
425,827.90
2,635.00

0.22%
799.33
A2/A+
NA

2.87 2.57
00287YDS5 ABBVIE INC 4.8 03/15/2029 1,500,000.00 --

4.23%
1,524,390.00
1,522,149.79
101.45

4.26%
1,521,706.50
9,200.00

0.79%
(443.29)
A2/A-
NA

2.87 2.57
58989V2H6 MET TOWER GLOBAL FUNDING

5.25 04/12/2029 1,000,000.00 07/21/2025

4.39%
1,029,130.00
1,023,068.39
102.10

4.48%
1,021,012.00
2,770.83

0.53%
(2,056.39)
Aa3/AA-
AA-

2.95 2.70
91324PEH1 UNITEDHEALTH GROUP INC 4.0
05/15/2029 500,000.00 02/20/2025

4.74%
485,910.00
489,870.53

99.03 4.34%
495,156.00
9,222.22

0.26%
5,285.47
A2/A+
A

3.04 2.78
74456QBY1 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.2 05/15/2029 1,000,000.00 07/22/2025

4.27%
962,760.00
970,304.31

96.94 4.28%
969,402.00
14,755.56

0.50%
(902.31)
A1/A
NA

3.04 2.81
61747YFF7 MORGAN STANLEY 5.449
07/20/2029 750,000.00 --

4.87%
762,862.50
758,835.36
101.84

4.78%
763,782.75
11,465.60

0.39%
4,947.39
A1/A-
A+

3.22 2.05
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 1,750,000.00 --

4.27%
1,753,312.50
1,753,023.59

99.81 4.45%
1,746,661.00
21,362.20

0.90%
(6,362.59)
A2/A-
A

3.22 2.07
06051GHM4 BANK OF AMERICA CORP 4.271
07/23/2029 750,000.00 --

4.93%
734,265.00
739,971.12

99.53 4.72%
746,449.50
8,719.96

0.39%
6,478.38
A1/A-
AA-

3.23 2.08
46647PDU7 JPMORGAN CHASE & CO 5.299
07/24/2029 750,000.00 --

4.81%
760,890.00
757,540.80
101.67

4.68%
762,497.25
10,708.40

0.39%
4,956.45
A1/A
AA-

3.23 2.06
30303M8S4 META PLATFORMS INC 4.3
08/15/2029 500,000.00 03/19/2025

4.47%
496,715.00
497,545.95
100.13

4.25%
500,666.50
4,538.89

0.26%
3,120.55
Aa3/AA-
NA

3.29 2.94

CONFIDENTIAL | 11
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 500,000.00 04/17/2025

4.45%
503,710.00
502,810.10
100.90

4.35%
504,512.00
4,908.33

0.26%
1,701.90
A2/A
A

3.29 2.92
857477BD4 STATE STREET CORP 4.141
12/03/2029 500,000.00 05/22/2025

4.57%
493,045.00
494,894.28

99.57 4.49%
497,853.50
8,512.06

0.26%
2,959.22
Aa3/A
AA-

3.59 2.39
89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 1,500,000.00 08/27/2025

4.19%
1,544,835.00
1,537,920.01
101.77

4.42%
1,526,562.00
23,100.00

0.79%
(11,358.01)
A1/A+
A+

3.70 3.30
341081GP6 FLORIDA POWER & LIGHT CO

4.625 05/15/2030 2,000,000.00 03/05/2026

4.06%
2,041,320.00
2,039,745.90
100.89

4.38%
2,017,732.00
42,652.78

1.04%
(22,013.90)
Aa2/A+
AA-

4.04 3.44
24422EYE3 JOHN DEERE CAPITAL CORP 4.55
06/05/2030 1,000,000.00 03/19/2026

4.38%
1,006,290.00
1,006,118.23
100.65

4.37%
1,006,463.00
18,452.78

0.52%
344.77
A1/A
A+

4.10 3.64
828807EB9 SIMON PROPERTY GROUP LP 4.3
01/15/2031 2,000,000.00 03/05/2026

4.33%
1,997,040.00
1,997,133.33

98.60 4.63%
1,971,916.00
25,800.00

1.02%
(25,217.33)
A3/A
NA

4.71 4.16
756109CD4 REALTY INCOME CORP 3.2
02/15/2031 1,000,000.00 04/21/2026

4.54%
942,640.00
942,933.32

93.76 4.67%
937,598.00
6,755.56

0.48%
(5,335.32)
A3/A-
NA

4.80 4.33
023135DD5 AMAZON.COM INC 4.25
03/13/2031 1,000,000.00 --

4.40%
993,589.00
993,724.28

99.02 4.48%
990,213.00
5,666.67

0.51%
(3,511.28)
A1/AA
AA-

4.87 4.32
Total Corporate 41,075,000.00 4.02%
41,131,237.50
41,133,138.58
100.01

4.46%
41,068,555.83
457,372.24

21.23%
(64,582.75)

2.82 2.34

MONEY MARKET
FUND
X9USDCRGO Dreyfus Govt Cash Management 355,823.54 --

0.00%
355,823.54
355,823.54

1.00 0.00%
355,823.54

0.00 0.18%

0.00 NA/NA
NA

0.00 0.00
Total Money
Market Fund 355,823.54 0.00%
355,823.54
355,823.54

1.00 0.00%
355,823.54

0.00 0.18%

0.00 0.00

0.00 SUPRANATIONAL
45950KDF4 INTERNATIONAL FINANCE CORP

4.375 01/15/2027 1,000,000.00 06/27/2025

3.89%
1,007,230.00
1,003,320.16
100.33

3.88%
1,003,348.00
12,884.89

0.52%

27.84 Aaa/AAA
NA

0.71 0.68
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,000,000.00 06/17/2025

3.98%
1,972,780.00
1,980,484.23

99.12 3.92%
1,982,390.00
21,194.44

1.02%
1,905.77
Aaa/AAA
NA

2.20 2.07
Total
Supranational 3,000,000.00 3.95%
2,980,010.00
2,983,804.39

99.53 3.91%
2,985,738.00
34,079.33

1.54%
1,933.61

1.70 1.60

US TREASURY

CONFIDENTIAL | 12
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912797QX8 UNITED STATES TREASURY
06/11/2026 760,000.00 03/31/2026

3.68%
754,524.43
756,881.97

99.59 3.67%
756,884.00

0.00 0.39%

2.03 P-1/A-1+
F1+

0.11 0.11
91282CJT9 UNITED STATES TREASURY 4.0
01/15/2027 3,000,000.00 07/21/2025

3.95%
3,002,109.38
3,001,007.99
100.19

3.72%
3,005,625.00
35,138.12

1.55%
4,617.01
Aa1/AA+
AA+

0.71 0.68
91282CMP3 UNITED STATES TREASURY 4.125
02/28/2027 2,695,000.00 --

3.67%
2,711,219.73
2,704,789.75
100.30

3.76%
2,702,974.51
18,729.52

1.40%
(1,815.24)
Aa1/AA+
AA+

0.83 0.81
91282CMV0 UNITED STATES TREASURY 3.875
03/31/2027 750,000.00 04/17/2025

3.80%
750,966.80
750,455.45
100.10

3.76%
750,750.00
2,461.58

0.39%
294.55
Aa1/AA+
AA+

0.92 0.89
91282CMY4 UNITED STATES TREASURY 3.75
04/30/2027 1,000,000.00 05/22/2025

4.00%
995,273.44
997,566.52

99.96 3.79%
999,641.00
101.90

0.52%
2,074.48
Aa1/AA+
AA+

1.00 0.97
91282CKV2 UNITED STATES TREASURY 4.625
06/15/2027 1,000,000.00 06/04/2025

3.86%
1,014,765.63
1,008,180.96
100.89

3.80%
1,008,945.00
17,407.28

0.52%
764.04
Aa1/AA+
AA+

1.13 1.07
91282CLG4 UNITED STATES TREASURY 3.75
08/15/2027 3,000,000.00 07/22/2025

3.82%
2,995,664.06
2,997,287.88

99.86 3.86%
2,995,782.00
23,308.01

1.55%
(1,505.88)
Aa1/AA+
AA+

1.29 1.24
91282CPE5 UNITED STATES TREASURY 3.5
10/31/2027 2,000,000.00 11/24/2025

3.51%
1,999,609.38
1,999,696.37

99.46 3.88%
1,989,140.00
190.22

1.03%
(10,556.37)
Aa1/AA+
AA+

1.50 1.44
91282CLX7 UNITED STATES TREASURY 4.125
11/15/2027 750,000.00 12/19/2024

4.33%
745,810.55
747,774.85
100.36

3.88%
752,695.50
14,272.27

0.39%
4,920.65
Aa1/AA+
AA+

1.54 1.45
91282CMF5 UNITED STATES TREASURY 4.25
01/15/2028 750,000.00 01/14/2025

4.48%
745,283.20
747,312.07
100.59

3.89%
754,423.50
9,333.56

0.39%
7,111.43
Aa1/AA+
AA+

1.71 1.61
91282CMS7 UNITED STATES TREASURY 3.875
03/15/2028 750,000.00 03/19/2025

4.05%
746,279.30
747,667.32

99.97 3.89%
749,795.25
3,711.79

0.39%
2,127.93
Aa1/AA+
AA+

1.88 1.78
91282CMW8 UNITED STATES TREASURY 3.75
04/15/2028 1,000,000.00 04/17/2025

3.80%
998,515.63
999,026.31

99.73 3.89%
997,305.00
1,639.34

0.52%
(1,721.31)
Aa1/AA+
AA+

1.96 1.87
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 1,200,000.00 --

4.12%
1,182,328.13
1,188,584.00

99.46 3.89%
1,193,577.60
18,164.84

0.62%
4,993.60
Aa1/AA+
AA+

2.08 1.96
91282CNH0 UNITED STATES TREASURY 3.875
06/15/2028 1,500,000.00 06/17/2025

3.90%
1,499,003.91
1,499,292.80

99.97 3.89%
1,499,532.00
21,876.72

0.78%
239.20
Aa1/AA+
AA+

2.13 1.99
91282CNM9 UNITED STATES TREASURY 3.875
07/15/2028 3,000,000.00 07/22/2025

3.78%
3,008,203.13
3,006,076.95

99.96 3.89%
2,998,710.00
34,040.06

1.55%
(7,366.95)
Aa1/AA+
AA+

2.21 2.07
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 3,000,000.00 --

3.85%
3,040,302.73
3,034,848.44
101.04

3.90%
3,031,173.00
22,112.77

1.57%
(3,675.44)
Aa1/AA+
AA+

2.34 2.18
91282CNY3 UNITED STATES TREASURY 3.375
09/15/2028 3,000,000.00 09/29/2025

3.63%
2,978,671.88
2,982,874.37

98.81 3.90%
2,964,375.00
12,931.39

1.53%
(18,499.37)
Aa1/AA+
AA+

2.38 2.25
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 2,000,000.00 --

4.05%
2,033,945.31
2,025,841.42
101.66

3.90%
2,033,282.00
7,834.70

1.05%
7,440.58
Aa1/AA+
AA+

2.42 2.26

CONFIDENTIAL | 13
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 3,000,000.00 --

3.81%
3,053,671.88
3,040,626.64
101.13

3.91%
3,033,867.00
54,807.69

1.57%
(6,759.64)
Aa1/AA+
AA+

2.59 2.38
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 2,250,000.00 01/27/2026

3.63%
2,241,826.17
2,242,548.76

99.00 3.90%
2,227,500.00
29,639.42

1.15%
(15,048.76)
Aa1/AA+
AA+

2.63 2.45
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 3,000,000.00 --

3.91%
3,008,828.13
3,006,963.14
100.22

3.91%
3,006,681.00
29,834.25

1.55%
(282.14)
Aa1/AA+
AA+

2.76 2.56
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 3,000,000.00 --

3.84%
3,029,658.20
3,023,146.27
100.57

3.92%
3,016,992.00
10,481.56

1.56%
(6,154.27)
Aa1/AA+
AA+

2.92 2.72
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 3,000,000.00 --

3.90%
3,064,218.75
3,050,760.94
101.66

3.92%
3,049,806.00
56,373.63

1.58%
(954.94)
Aa1/AA+
AA+

3.08 2.81
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 3,000,000.00 07/22/2025

3.83%
3,018,281.25
3,014,771.85
100.20

3.93%
3,005,859.00
29,834.25

1.55%
(8,912.85)
Aa1/AA+
AA+

3.25 2.99
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 3,000,000.00 07/22/2025

3.85%
3,032,226.56
3,026,514.50
100.56

3.95%
3,016,875.00
51,675.82

1.56%
(9,639.50)
Aa1/AA+
AA+

3.59 3.25
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 3,000,000.00 --

3.72%
3,062,050.78
3,055,136.18
100.97

3.97%
3,029,181.00
31,698.90

1.57%
(25,955.18)
Aa1/AA+
AA+

3.76 3.41
91282CGZ8 UNITED STATES TREASURY 3.5
04/30/2030 3,000,000.00 09/29/2025

3.72%
2,971,875.00
2,975,455.77

98.23 3.98%
2,946,915.00
285.33

1.52%
(28,540.77)
Aa1/AA+
AA+

4.00 3.69
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 5,000,000.00 --

3.74%
5,002,617.19
5,002,544.94

99.12 3.98%
4,956,055.00
78,296.70

2.56%
(46,489.94)
Aa1/AA+
AA+

4.08 3.69
91282CHJ3 UNITED STATES TREASURY 3.75
06/30/2030 5,000,000.00 --

3.70%
5,010,468.75
5,009,738.57

99.09 3.99%
4,954,690.00
62,672.65

2.56%
(55,048.57)
Aa1/AA+
AA+

4.17 3.77
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 5,000,000.00 --

3.75%
5,026,367.19
5,025,186.30

99.54 3.99%
4,977,150.00
48,169.89

2.57%
(48,036.30)
Aa1/AA+
AA+

4.25 3.85
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 5,000,000.00 --

3.76%
4,970,507.81
4,971,951.78

98.48 4.00%
4,924,220.00
15,351.78

2.55%
(47,731.78)
Aa1/AA+
AA+

4.42 4.02
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 5,000,000.00 --

3.78%
4,939,765.63
4,942,536.96

97.89 4.01%
4,894,530.00
73,076.92

2.53%
(48,006.96)
Aa1/AA+
AA+

4.59 4.12
91282CJX0 UNITED STATES TREASURY 4.0
01/31/2031 8,000,000.00 --

3.88%
8,040,546.87
8,039,391.27

99.88 4.03%
7,990,624.00
79,558.01

4.13%
(48,767.27)
Aa1/AA+
AA+

4.76 4.25
91282CQG9 UNITED STATES TREASURY 3.875
03/31/2031 7,500,000.00 --

4.00%
7,457,910.16
7,458,331.27

99.34 4.02%
7,450,192.50
24,615.78

3.85%
(8,138.77)
Aa1/AA+
AA+

4.92 4.42
Total US Treasury 97,905,000.00 3.83%
98,133,296.94
98,080,770.53

99.76 3.94%
97,665,747.86
919,626.65

50.48%
(415,022.68)

3.24 2.96

CONFIDENTIAL | 14
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Portfolio 194,298,285.60 3.41%
194,431,551.15
194,474,881.23

99.40 4.03%
193,467,641.07
1,581,953.77
100.00%
(1,007,240.16)

2.61 2.25
Total Market Value
+ Accrued 195,049,594.84

CONFIDENTIAL | 15
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/02/2026 X9USDCRGO 4,393.44 Dreyfus Govt Cash Management 1.000 0.00% (4,393.44) 0.00 (4,393.44) 0.00
Purchase 04/13/2026 X9USDCRGO 26,250.00 Dreyfus Govt Cash Management 1.000 0.00% (26,250.00) 0.00 (26,250.00) 0.00 Purchase 04/14/2026 X9USDCRGO 16,050.00 Dreyfus Govt Cash Management 1.000 0.00% (16,050.00) 0.00 (16,050.00) 0.00 Purchase 04/15/2026 X9USDCRGO 68,770.67 Dreyfus Govt Cash Management 1.000 0.00% (68,770.67) 0.00 (68,770.67) 0.00 Purchase 04/16/2026 X9USDCRGO 2,992,358.33 Dreyfus Govt Cash Management 1.000 0.00% (2,992,358.33) 0.00 (2,992,358.33) 0.00 Purchase 04/20/2026 X9USDCRGO 8,495.25 Dreyfus Govt Cash Management 1.000 0.00% (8,495.25) 0.00 (8,495.25) 0.00
Purchase 04/21/2026 89240QAD7 710,000.00 TAOT 2026-B A3 4.13 12/16/2030 99.979 4.27% (709,850.26) 0.00 (709,850.26) 0.00 Purchase 04/21/2026 X9USDCRGO 2,929.50 Dreyfus Govt Cash Management 1.000 0.00% (2,929.50) 0.00 (2,929.50) 0.00
Purchase 04/22/2026 05594YAD8 875,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 99.989 4.85% (874,903.31) 0.00 (874,903.31) 0.00 Purchase 04/22/2026 756109CD4 1,000,000.00 REALTY INCOME CORP

3.2 02/15/2031 94.264 4.54% (942,640.00) (5,955.56) (948,595.56) 0.00 Purchase 04/22/2026 448972AD1 600,000.00 HALST 26B A3 4.21 04/16/2029 99.985 4.22% (599,912.52) 0.00 (599,912.52) 0.00 Purchase 04/27/2026 X9USDCRGO 6,165.67 Dreyfus Govt Cash Management 1.000 0.00% (6,165.67) 0.00 (6,165.67) 0.00
Purchase 04/29/2026 448972AD1 650,000.00 HALST 26B A3 4.21 04/16/2029 99.988 4.21% (649,923.83) (532.10) (650,455.93) 0.00 Purchase 04/29/2026 X9USDCRGO 2,526,484.86 Dreyfus Govt Cash Management 1.000 0.00% (2,526,484.86) 0.00 (2,526,484.86) 0.00 Purchase 04/30/2026 91282CQG9 2,500,000.00

UNITED STATES
TREASURY 3.875
03/31/2031

99.285 4.04% (2,482,128.91) (7,940.57) (2,490,069.48) 0.00 Purchase 04/30/2026 X9USDCRGO 106,250.00 Dreyfus Govt Cash Management 1.000 0.00% (106,250.00) 0.00 (106,250.00) 0.00

CONFIDENTIAL | 16
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Purchase 12,093,147.72 (12,017,506.55) (14,428.23) (12,031,934.78) 0.00 TOTAL
ACQUISITIONS 12,093,147.72 (12,017,506.55) (14,428.23) (12,031,934.78) 0.00

DISPOSITIONS
Sale 04/16/2026 3130AMSL7 (3,000,000.00)

FEDERAL HOME
LOAN BANKS 1.03
06/30/2026

99.442 1.03% 2,983,260.00 (9,098.33) 2,992,358.33 (16,740.00) Sale 04/21/2026 X9USDCRGO (709,850.26) Dreyfus Govt Cash Management 1.000 0.00% 709,850.26 0.00 709,850.26 0.00
Sale 04/22/2026 X9USDCRGO (140,903.32) Dreyfus Govt Cash Management 1.000 0.00% 140,903.32 0.00 140,903.32 0.00
Sale 04/22/2026 X9USDCRGO (2,282,508.07) Dreyfus Govt Cash Management 1.000 0.00% 2,282,508.07 0.00 2,282,508.07 0.00 Sale 04/29/2026 3130AMYA4 (3,000,000.00)

FEDERAL HOME
LOAN BANKS 1.07
06/30/2026

99.546 1.07% 2,986,380.00 (10,610.83) 2,996,990.83 (13,620.00) Sale 04/30/2026 X9USDCRGO (2,490,069.48) Dreyfus Govt Cash Management 1.000 0.00% 2,490,069.48 0.00 2,490,069.48 0.00 Total Sale (11,623,331.13) 11,592,971.13 (19,709.16) 11,612,680.29 (30,360.00) TOTAL
DISPOSITIONS (11,623,331.13) 11,592,971.13 (19,709.16) 11,612,680.29 (30,360.00) OTHER

TRANSACTIONS
Cash Transfer 04/29/2026 CCYUSD 179,949.96 Cash 0.00% 179,949.96 0.00 179,949.96 0.00 Total Cash
Transfer 179,949.96 179,949.96 0.00 179,949.96 0.00
Coupon 04/01/2026 3137FKZZ2 0.00 FHMS K-088 A2 3.69
01/25/2029 4.24% 5,519.63 0.00 5,519.63 0.00
Coupon 04/12/2026 58989V2H6 0.00

MET TOWER GLOBAL
FUNDING 5.25
04/12/2029

4.39% 26,250.00 0.00 26,250.00 0.00

CONFIDENTIAL | 17
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/14/2026 3130APC94 0.00

FEDERAL HOME
LOAN BANKS 1.07
10/14/2026

1.09% 16,050.00 0.00 16,050.00 0.00
Coupon 04/15/2026 58770XAD5 0.00 MBALT 2025-B A3 3.88
04/16/2029 4.57% 4,074.00 0.00 4,074.00 0.00
Coupon 04/15/2026 47787DAD3 0.00 JDOT 2026 A3 3.87
08/15/2030 4.49% 1,886.63 0.00 1,886.63 0.00
Coupon 04/15/2026 44935XAD7 0.00 HART 2025-B A3 4.36
12/17/2029 4.36% 962.83 0.00 962.83 0.00
Coupon 04/15/2026 448981AD2 0.00 HART 2026-A A3 3.79
02/18/2031 4.30% 3,916.33 0.00 3,916.33 0.00
Coupon 04/15/2026 14913UAR1 0.00

CATERPILLAR

FINANCIAL SERVICES
CORP 4.4 10/15/2027

4.17% 33,000.00 0.00 33,000.00 0.00
Coupon 04/15/2026 89240KAD0 0.00 TAOT 2026-A A3 3.86
09/15/2030 4.13% 2,476.83 0.00 2,476.83 0.00
Coupon 04/15/2026 448970AD5 0.00 HALST 2026-A A3 3.97
12/15/2028 3.98% 1,951.92 0.00 1,951.92 0.00
Coupon 04/15/2026 58770YAD3 0.00 MBALT 2026-A A3 3.93
01/15/2030 3.97% 1,752.13 0.00 1,752.13 0.00
Coupon 04/15/2026 91282CMW8 0.00

UNITED STATES
TREASURY 3.75
04/15/2028

3.80% 18,750.00 0.00 18,750.00 0.00
Coupon 04/20/2026 87269AAA8 0.00 TMUST 261 A 4.25
10/21/2030 4.26% 2,443.75 0.00 2,443.75 0.00
Coupon 04/20/2026 36273VAD7 0.00 GMALT 2026-1 A3 3.88
01/22/2029 4.11% 3,395.00 0.00 3,395.00 0.00
Coupon 04/20/2026 89240NAD4 0.00 TLOT 2025-B A3 3.96
11/20/2028 3.97% 2,656.50 0.00 2,656.50 0.00
Coupon 04/21/2026 43815CAD0 0.00 HAROT 2026-1 A3 3.78
09/23/2030 3.03% 2,929.50 0.00 2,929.50 0.00
Coupon 04/25/2026 096912AD2 0.00 BMWLT 2025-1 A3 4.43
06/26/2028 4.82% 646.04 0.00 646.04 0.00

CONFIDENTIAL | 18
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/30/2026 91282CMY4 0.00

UNITED STATES
TREASURY 3.75
04/30/2027

4.00% 18,750.00 0.00 18,750.00 0.00
Coupon 04/30/2026 91282CGZ8 0.00

UNITED STATES
TREASURY 3.5
04/30/2030

3.72% 52,500.00 0.00 52,500.00 0.00
Coupon 04/30/2026 91282CPE5 0.00

UNITED STATES
TREASURY 3.5
10/31/2027

3.51% 35,000.00 0.00 35,000.00 0.00
Total Coupon 0.00 234,911.09 0.00 234,911.09 0.00
Dividend 05/04/2026 X9USDCRGO 0.00 Dreyfus Govt Cash
Management 0.00% 2,462.06 0.00 2,462.06 0.00
Total Dividend 0.00 2,462.06 0.00 2,462.06 0.00

TOTAL OTHER
TRANSACTIONS 179,949.96 417,323.11 0.00 417,323.11 0.00

CONFIDENTIAL | 19
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
912797QX8 UNITED STATES TREASURY
06/11/2026
03/31/2026
03/31/2026
760,000.00
754,600.48

0.00 0.00
756,881.97

0.00 0.00

0.00 0.00
2,281.49

0.00 2,281.49
2,281.49
2,281.49
CCYUSD Receivable
2,462.06
4,393.44

0.00 0.00
2,462.06

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 X9USDCRGO Dreyfus Govt Cash
Management 355,823.54
221,006.95
5,758,147.72
(5,623,331.13)
355,823.54

0.00 4,393.44

0.00 4,393.44

0.00 0.00

0.00 4,393.44
4,393.44
Total Cash & Equivalents 1,118,285.60
980,000.87
5,758,147.72
(5,623,331.13)
1,115,167.57

0.00 4,393.44

0.00 4,393.44
2,281.49

0.00 2,281.49
6,674.93 6,674.93

FIXED INCOME
00287YDS5 ABBVIE INC 4.8 03/15/2029
1,500,000.00
1,522,800.62

0.00 0.00
1,522,149.79
3,200.00

0.00 9,200.00
6,000.00

0.00 (650.83)
(650.83)
5,349.17
5,349.17
009158BH8

AIR PRODUCTS AND
CHEMICALS INC 4.6
02/08/2029
04/17/2025
04/21/2025
500,000.00
502,860.72

0.00 0.00
502,776.00
3,386.11

0.00 5,302.78
1,916.67

0.00 (84.72)
(84.72)
1,831.95
1,831.95
023135CS3 AMAZON.COM INC 3.9
11/20/2028
11/17/2025
11/20/2025
925,000.00
924,821.01

0.00 0.00
924,826.58
13,127.29

0.00 16,133.54
3,006.25

5.57 0.00

5.57 3,011.82
3,011.82
023135DD5 AMAZON.COM INC 4.25
03/13/2031 1,000,000.00
993,618.33

0.00 0.00
993,724.28
2,125.00

0.00 5,666.67
3,541.67
105.95

0.00 105.95
3,647.62
3,647.62

CONFIDENTIAL | 20
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 1,750,000.00
1,753,140.82

0.00 0.00
1,753,023.59
15,016.99

0.00 21,362.20
6,345.21

11.95 (129.18)
(117.23)
6,227.98
6,227.98
05594YAD8 BMWLT 2026-1 A3 4.15
05/25/2029
04/14/2026
04/22/2026
875,000.00

0.00 874,903.31

0.00 874,904.08

0.00 0.00
907.81
907.81

0.77 0.00

0.77 908.58
908.58
06051GHD4 BANK OF AMERICA CORP

3.419 12/20/2028
07/22/2025
07/23/2025
750,000.00
738,155.42

0.00 0.00
738,721.24
7,194.15

0.00 9,331.02
2,136.88
565.82

0.00 565.82
2,702.70
2,702.70
06051GHM4 BANK OF AMERICA CORP

4.271 07/23/2029 750,000.00
739,601.51

0.00 0.00
739,971.12
6,050.58

0.00 8,719.96
2,669.38
369.61

0.00 369.61
3,038.99
3,038.99
06406RBN6 BANK OF NEW YORK MELLON
CORP 4.543 02/01/2029 1,250,000.00
1,253,752.42

0.00 0.00
1,253,584.65
9,464.58

0.00 14,196.88
4,732.29
176.17
(343.94)
(167.77)
4,564.52
4,564.52
096912AD2 BMWLT 2025-1 A3 4.43
06/26/2028
06/03/2025
06/10/2025
175,000.00
174,997.17

0.00 0.00
174,997.28
129.21
646.04
129.21
646.04

0.10 0.00

0.10 646.14
646.14
14913UAR1

CATERPILLAR FINANCIAL
SERVICES CORP 4.4
10/15/2027 1,500,000.00
1,505,044.27

0.00 0.00
1,504,775.00
30,433.33
33,000.00
2,933.33
5,500.00

0.00 (269.27)
(269.27)
5,230.73
5,230.73
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
04/17/2025
04/21/2025
500,000.00
502,882.09

0.00 0.00
502,810.10
2,970.83

0.00 4,908.33
1,937.50

0.00 (71.99)
(71.99)
1,865.51
1,865.51
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 2,000,000.00
2,042,320.32

0.00 0.00
2,041,088.89
9,430.56

0.00 17,513.89
8,083.33

0.00 (1,231.44)
(1,231.44)
6,851.90
6,851.90

CONFIDENTIAL | 21
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
24422EXH7 JOHN DEERE CAPITAL CORP

4.5 01/16/2029 1,500,000.00
1,501,451.89

0.00 0.00
1,501,409.23
14,062.50

0.00 19,687.50
5,625.00
170.21
(212.87)
(42.66)
5,582.34
5,582.34
24422EYE3 JOHN DEERE CAPITAL CORP

4.55 06/05/2030
03/19/2026
03/20/2026
1,000,000.00
1,006,240.92

0.00 0.00
1,006,118.23
14,661.11

0.00 18,452.78
3,791.67

0.00 (122.69)
(122.69)
3,668.97
3,668.97
26444HAE1 DUKE ENERGY FLORIDA LLC

3.8 07/15/2028 1,250,000.00
1,239,483.93

0.00 0.00
1,239,861.30
10,027.78

0.00 13,986.11
3,958.33
377.37

0.00 377.37
4,335.70
4,335.70
30303M8S4 META PLATFORMS INC 4.3
08/15/2029
03/19/2025
03/20/2025
500,000.00
497,484.70

0.00 0.00
497,545.95
2,747.22

0.00 4,538.89
1,791.67

61.25 0.00

61.25 1,852.92
1,852.92
3130AMSL7 FEDERAL HOME LOAN BANKS

1.03 06/30/2026
06/30/2021
06/30/2021

0.00 3,000,000.00

0.00 (3,000,000.00)

0.00 7,810.83
9,098.33

0.00 1,287.50

0.00 0.00

0.00 1,287.50
1,287.50
3130AMWK4 FEDERAL HOME LOAN BANKS

1.02 07/14/2026
07/14/2021
07/14/2021
3,000,000.00
2,999,957.28

0.00 0.00
2,999,969.61
6,545.00

0.00 9,095.00
2,550.00

12.32 0.00

12.32 2,562.32
2,562.32
3130AMYA4 FEDERAL HOME LOAN BANKS

1.07 06/30/2026
06/30/2021
06/30/2021

0.00 3,000,000.00

0.00 (3,000,000.00)

0.00 8,114.17
10,610.83

0.00 2,496.66

0.00 0.00

0.00 2,496.66
2,496.66
3130AP2P9 FEDERAL HOME LOAN BANKS

0.92 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,998,355.42

0.00 0.00
2,998,626.51

76.67 0.00
2,376.67
2,300.00
271.08

0.00 271.08
2,571.08
2,571.08
3130APC94 FEDERAL HOME LOAN BANKS

1.07 10/14/2026
10/14/2021
10/14/2021
3,000,000.00
2,999,758.49

0.00 0.00
2,999,795.45
14,890.83
16,050.00
1,515.83
2,675.00

36.97 0.00

36.97 2,711.97
2,711.97

CONFIDENTIAL | 22
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130APU78 FEDERAL HOME LOAN BANKS

1.3 11/24/2026
12/09/2021
12/09/2021
530,000.00
529,600.49

0.00 0.00
529,651.06
2,430.64

0.00 3,004.81
574.17

50.57 0.00

50.57 624.74
624.74
3130APUR4 FEDERAL HOME LOAN BANKS

1.3 11/24/2026
12/09/2021
12/09/2021
1,840,000.00
1,838,613.02

0.00 0.00
1,838,788.59
8,438.44

0.00 10,431.78
1,993.33
175.57

0.00 175.57
2,168.90
2,168.90
3130APVC6 FEDERAL HOME LOAN BANKS

1.375 12/01/2026
12/09/2021
12/09/2021
3,000,000.00
2,998,389.44

0.00 0.00
2,998,587.46
13,750.00

0.00 17,187.50
3,437.50
198.02

0.00 198.02
3,635.52
3,635.52
3130AQEC3 FEDERAL HOME LOAN BANKS

1.37 12/30/2026
12/30/2021
12/30/2021
3,000,000.00
3,000,000.00

0.00 0.00
3,000,000.00
10,389.17

0.00 13,814.17
3,425.00

0.00 0.00

0.00 3,425.00
3,425.00
3130AQEF6 FEDERAL HOME LOAN BANKS

1.375 12/30/2026
12/30/2021
12/30/2021
3,000,000.00
2,999,775.74

0.00 0.00
2,999,800.38
10,427.08

0.00 13,864.58
3,437.50

24.64 0.00

24.64 3,462.14
3,462.14
3130AQF65 FEDERAL HOME LOAN BANKS

1.25 12/21/2026
12/22/2021
12/22/2021
3,000,000.00
2,999,371.77

0.00 0.00
2,999,443.16
10,416.67

0.00 13,541.67
3,125.00

71.39 0.00

71.39 3,196.39
3,196.39
3130AQG80 FEDERAL HOME LOAN BANKS

1.42 12/29/2026 6,000,000.00
5,997,301.42

0.00 0.00
5,997,599.06
21,773.33

0.00 28,873.33
7,100.00
297.64

0.00 297.64
7,397.64
7,397.64
3130AQLD3 FEDERAL HOME LOAN BANKS

1.75 01/28/2027
02/08/2022
02/08/2022
3,000,000.00
2,995,841.88

0.00 0.00
2,996,254.94
9,187.50

0.00 13,562.50
4,375.00
413.06

0.00 413.06
4,788.06
4,788.06
3130AQW66 FEDERAL HOME LOAN BANKS

2.08 02/25/2027
03/08/2022
03/08/2022
3,000,000.00
2,999,181.82

0.00 0.00
2,999,256.20
6,240.00

0.00 11,440.00
5,200.00

74.38 0.00

74.38 5,274.38
5,274.38

CONFIDENTIAL | 23
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3133EMH21

FEDERAL FARM CREDIT
BANKS FUNDING CORP 0.9
06/15/2026
06/24/2021
06/24/2021
3,000,000.00
2,999,876.17

0.00 0.00
2,999,925.70
7,950.00

0.00 10,200.00
2,250.00

49.53 0.00

49.53 2,299.53
2,299.53
3137FKZZ2 FHMS K-088 A2 3.69
01/25/2029
03/26/2026
03/31/2026
1,795,000.00
1,766,910.93

0.00 0.00
1,767,748.58
5,519.63
5,519.63
5,519.63
5,519.63
837.65

0.00 837.65
6,357.28
6,357.28
341081GP6 FLORIDA POWER & LIGHT CO

4.625 05/15/2030
03/05/2026
03/06/2026
2,000,000.00
2,040,589.17

0.00 0.00
2,039,745.90
34,944.44

0.00 42,652.78
7,708.33

0.00 (843.27)
(843.27)
6,865.07
6,865.07
36273VAD7 GMALT 2026-1 A3 3.88
01/22/2029
02/03/2026
02/12/2026
1,050,000.00
1,049,868.70

0.00 0.00
1,049,872.53
1,244.83
3,395.00
1,244.83
3,395.00

3.84 0.00

3.84 3,398.84
3,398.84
43815CAD0 HAROT 2026-1 A3 3.78
09/23/2030
02/10/2026
02/18/2026
930,000.00
929,855.56

0.00 0.00
929,858.21
976.50
2,929.50
976.50
2,929.50

2.65 0.00

2.65 2,932.15
2,932.15
448970AD5 HALST 2026-A A3 3.97
12/15/2028
01/12/2026
01/21/2026
590,000.00
589,919.23

0.00 0.00
589,921.68
1,041.02
1,951.92
1,041.02
1,951.92

2.45 0.00

2.45 1,954.37
1,954.37
448972AD1 HALST 26B A3 4.21
04/16/2029 1,250,000.00

0.00 1,249,836.35

0.00 1,249,837.21

0.00 (532.10)
1,315.63
783.53

0.86 0.00

0.86 784.39
784.39
448981AD2 HART 2026-A A3 3.79
02/18/2031
02/10/2026
02/18/2026
1,240,000.00
1,239,918.23

0.00 0.00
1,239,919.60
2,088.71
3,916.33
2,088.71
3,916.33

1.38 0.00

1.38 3,917.71
3,917.71
44935XAD7 HART 2025-B A3 4.36
12/17/2029
06/03/2025
06/11/2025
265,000.00
264,980.33

0.00 0.00
264,980.77
513.51
962.83
513.51
962.83

0.44 0.00

0.44 963.27
963.27

CONFIDENTIAL | 24
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
06/17/2025
06/18/2025
2,000,000.00
1,979,755.13

0.00 0.00
1,980,484.23
15,361.11

0.00 21,194.44
5,833.33
729.11

0.00 729.11
6,562.44
6,562.44
45950KDF4 INTERNATIONAL FINANCE
CORP 4.375 01/15/2027
06/27/2025
06/30/2025
1,000,000.00
1,003,704.73

0.00 0.00
1,003,320.16
9,238.22

0.00 12,884.89
3,646.67

0.00 (384.57)
(384.57)
3,262.09
3,262.09
46632FSC0 JPMORGAN CHASE BANK,
N.A. 1.1 06/22/2026
06/22/2021
06/22/2021
3,000,000.00
3,000,000.00

0.00 0.00
3,000,000.00
9,075.00

0.00 11,825.00
2,750.00

0.00 0.00

0.00 2,750.00
2,750.00
46647PAF3 JPMORGAN CHASE & CO 3.54
05/01/2028
07/22/2025
07/23/2025
750,000.00
743,470.60

0.00 0.00
743,966.50
11,062.50

0.00 13,275.00
2,212.50
495.90

0.00 495.90
2,708.40
2,708.40
46647PDU7 JPMORGAN CHASE & CO

5.299 07/24/2029 750,000.00
757,818.38

0.00 0.00
757,540.80
7,396.52

0.00 10,708.40
3,311.88

0.00 (277.58)
(277.58)
3,034.30
3,034.30
47787DAD3 JDOT 2026 A3 3.87
08/15/2030
03/10/2026
03/18/2026
650,000.00
649,885.82

0.00 0.00
649,887.97
908.38
1,886.63
1,118.00
2,096.26

2.14 0.00

2.14 2,098.40
2,098.40
532457CU0 ELI LILLY AND CO 4.55
02/12/2028
03/19/2025
03/20/2025
500,000.00
501,871.31

0.00 0.00
501,785.07
3,096.53

0.00 4,992.36
1,895.83

0.00 (86.24)
(86.24)
1,809.60
1,809.60
571748BG6

MARSH & MCLENNAN
COMPANIES INC 4.375
03/15/2029
05/22/2025
05/23/2025
500,000.00
497,670.69

0.00 0.00
497,735.46
972.22

0.00 2,795.14
1,822.92

64.76 0.00

64.76 1,887.68
1,887.68
571748BY7

MARSH & MCLENNAN
COMPANIES INC 4.55
11/08/2027
07/21/2025
07/22/2025
1,000,000.00
1,004,773.82

0.00 0.00
1,004,515.78
18,073.61

0.00 21,865.28
3,791.67

0.00 (258.04)
(258.04)
3,533.62
3,533.62

CONFIDENTIAL | 25
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
58770XAD5 MBALT 2025-B A3 3.88
04/16/2029
10/16/2025
10/22/2025
1,260,000.00
1,259,819.40

0.00 0.00
1,259,824.28
2,172.80
4,074.00
2,172.80
4,074.00

4.88 0.00

4.88 4,078.88
4,078.88
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030
01/13/2026
01/21/2026
535,000.00
534,899.01

0.00 0.00
534,901.20
934.47
1,752.13
934.47
1,752.13

2.19 0.00

2.19 1,754.32
1,754.32
58989V2H6 MET TOWER GLOBAL
FUNDING 5.25 04/12/2029
07/21/2025
07/22/2025
1,000,000.00
1,023,710.96

0.00 0.00
1,023,068.39
24,645.83
26,250.00
2,770.83
4,375.00

0.00 (642.57)
(642.57)
3,732.43
3,732.43
58989V2M5 MET TOWER GLOBAL
FUNDING 4.0 01/14/2029
01/07/2026
01/14/2026
1,225,000.00
1,223,530.77

0.00 0.00
1,223,574.03
10,480.56

0.00 14,563.89
4,083.33

43.26 0.00

43.26 4,126.59
4,126.59
61744YAK4 MORGAN STANLEY 3.591
07/22/2028
07/22/2025
07/23/2025
750,000.00
739,970.61

0.00 0.00
740,327.53
5,162.06

0.00 7,406.44
2,244.38
356.92

0.00 356.92
2,601.29
2,601.29
61747YFF7 MORGAN STANLEY 5.449
07/20/2029 750,000.00
759,162.19

0.00 0.00
758,835.36
8,059.98

0.00 11,465.60
3,405.63

0.00 (326.83)
(326.83)
3,078.79
3,078.79
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/19/2025
03/20/2025
500,000.00
500,802.85

0.00 0.00
500,779.60
3,897.22

0.00 5,813.89
1,916.67

0.00 (23.25)
(23.25)
1,893.42
1,893.42
74340XBX8 PROLOGIS LP 4.0 09/15/2028
1,250,000.00
1,239,203.86

0.00 0.00
1,239,564.53
2,222.22

0.00 6,388.89
4,166.67
360.67

0.00 360.67
4,527.34
4,527.34
74456QBY1 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.2 05/15/2029
07/22/2025
07/23/2025
1,000,000.00
969,501.72

0.00 0.00
970,304.31
12,088.89

0.00 14,755.56
2,666.67
802.59

0.00 802.59
3,469.25
3,469.25

CONFIDENTIAL | 26
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
756109CD4 REALTY INCOME CORP 3.2
02/15/2031
04/21/2026
04/22/2026
1,000,000.00

0.00 942,640.00

0.00 942,933.32

0.00 (5,955.56)
6,755.56
800.00
293.32

0.00 293.32
1,093.31
1,093.31
756109CF9 REALTY INCOME CORP 4.75
02/15/2029
07/22/2025
07/23/2025
1,000,000.00
1,011,595.28

0.00 0.00
1,011,254.25
6,069.44

0.00 10,027.78
3,958.33

0.00 (341.04)
(341.04)
3,617.30
3,617.30
78017DAA6 ROYAL BANK OF CANADA

4.965 01/24/2029
02/20/2025
02/21/2025
500,000.00
501,211.67

0.00 0.00
501,156.84
4,620.21

0.00 6,688.96
2,068.75

0.00 (54.83)
(54.83)
2,013.92
2,013.92
79466LAR5 SALESFORCE INC 4.65
03/15/2029
03/19/2026
03/20/2026
425,000.00
425,029.41

0.00 0.00
425,028.57
988.13

0.00 2,635.00
1,646.88

0.00 (0.84)
(0.84)
1,646.04
1,646.04
828807EB9 SIMON PROPERTY GROUP LP

4.3 01/15/2031
03/05/2026
03/06/2026
2,000,000.00
1,997,083.33

0.00 0.00
1,997,133.33
18,633.33

0.00 25,800.00
7,166.67

50.00 0.00

50.00 7,216.67
7,216.67
857477BD4 STATE STREET CORP 4.141
12/03/2029
05/22/2025
05/23/2025
500,000.00
494,732.53

0.00 0.00
494,894.28
6,786.64

0.00 8,512.06
1,725.42
161.74

0.00 161.74
1,887.16
1,887.16
857477CU5 STATE STREET CORP 4.536
02/28/2028
03/19/2025
03/20/2025
500,000.00
500,060.69

0.00 0.00
500,057.96
2,079.00

0.00 3,969.00
1,890.00

0.00 (2.73)
(2.73)
1,887.27
1,887.27
87269AAA8 TMUST 261 A 4.25
10/21/2030
03/12/2026
03/20/2026
690,000.00
689,854.63

0.00 0.00
689,857.25
896.04
2,443.75
896.04
2,443.75

2.62 0.00

2.62 2,446.37
2,446.37
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
08/27/2025
08/28/2025
1,500,000.00
1,538,763.30

0.00 0.00
1,537,920.01
16,912.50

0.00 23,100.00
6,187.50

0.00 (843.29)
(843.29)
5,344.21
5,344.21

CONFIDENTIAL | 27
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
89240KAD0 TAOT 2026-A A3 3.86
09/15/2030
01/13/2026
01/21/2026
770,000.00
769,937.10

0.00 0.00
769,938.26
1,320.98
2,476.83
1,320.98
2,476.83

1.16 0.00

1.16 2,477.99
2,477.99
89240NAD4 TLOT 2025-B A3 3.96
11/20/2028
09/09/2025
09/17/2025
805,000.00
804,880.26

0.00 0.00
804,883.98
974.05
2,656.50
974.05
2,656.50

3.73 0.00

3.73 2,660.23
2,660.23
89240QAD7 TAOT 2026-B A3 4.13
12/16/2030
04/14/2026
04/21/2026
710,000.00

0.00 709,850.26

0.00 709,851.14

0.00 0.00
814.53
814.53

0.88 0.00

0.88 815.41
815.41
91159HJK7 US BANCORP 4.653
02/01/2029 1,500,000.00
1,509,170.27

0.00 0.00
1,508,760.27
11,632.50

0.00 17,448.75
5,816.25

48.18 (458.17)
(410.00)
5,406.25
5,406.25
91282CGZ8 UNITED STATES TREASURY 3.5
04/30/2030
09/29/2025
09/30/2025
3,000,000.00
2,974,951.43

0.00 0.00
2,975,455.77
44,088.40
52,500.00
285.33
8,696.93
504.33

0.00 504.33
9,201.26
9,201.26
91282CHE4 UNITED STATES TREASURY

3.625 05/31/2028 1,200,000.00
1,188,133.96

0.00 0.00
1,188,584.00
14,579.67

0.00 18,164.84
3,585.16
450.04

0.00 450.04
4,035.20
4,035.20
91282CHF1 UNITED STATES TREASURY

3.75 05/31/2030 5,000,000.00
5,002,596.15

0.00 0.00
5,002,544.94
62,843.41

0.00 78,296.70
15,453.30

20.00 (71.21)
(51.21)
15,402.09
15,402.09
91282CHJ3 UNITED STATES TREASURY

3.75 06/30/2030 5,000,000.00
5,009,930.66

0.00 0.00
5,009,738.57
47,133.98

0.00 62,672.65
15,538.67

0.00 (192.08)
(192.08)
15,346.59
15,346.59
91282CHX2 UNITED STATES TREASURY

4.375 08/31/2028 3,000,000.00
3,036,074.06

0.00 0.00
3,034,848.44
11,413.04

0.00 22,112.77
10,699.73

0.00 (1,225.62)
(1,225.62)
9,474.11
9,474.11

CONFIDENTIAL | 28
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CJA0 UNITED STATES TREASURY

4.625 09/30/2028 2,000,000.00
2,026,719.38

0.00 0.00
2,025,841.42
252.73

0.00 7,834.70
7,581.97

0.00 (877.96)
(877.96)
6,704.00
6,704.00
91282CJN2 UNITED STATES TREASURY

4.375 11/30/2028 3,000,000.00
3,041,917.74

0.00 0.00
3,040,626.64
43,990.38

0.00 54,807.69
10,817.31

0.00 (1,291.10)
(1,291.10)
9,526.21
9,526.21
91282CJT9 UNITED STATES TREASURY 4.0
01/15/2027
07/21/2025
07/22/2025
3,000,000.00
3,001,124.74

0.00 0.00
3,001,007.99
25,193.37

0.00 35,138.12
9,944.75

0.00 (116.76)
(116.76)
9,828.00
9,828.00
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 3,000,000.00
3,007,170.78

0.00 0.00
3,006,963.14
19,889.50

0.00 29,834.25
9,944.75

46.91 (254.56)
(207.65)
9,737.10
9,737.10
91282CJX0 UNITED STATES TREASURY 4.0
01/31/2031 8,000,000.00
8,040,071.99

0.00 0.00
8,039,391.27
53,038.67

0.00 79,558.01
26,519.34

57.44 (738.16)
(680.72)
25,838.61
25,838.61
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029 3,000,000.00
3,023,798.27

0.00 0.00
3,023,146.27
338.11

0.00 10,481.56
10,143.44

0.00 (652.01)
(652.01)
9,491.44
9,491.44
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 3,000,000.00
3,052,113.36

0.00 0.00
3,050,760.94
45,247.25

0.00 56,373.63
11,126.37

0.00 (1,352.42)
(1,352.42)
9,773.95
9,773.95
91282CKV2 UNITED STATES TREASURY

4.625 06/15/2027
06/04/2025
06/05/2025
1,000,000.00
1,008,779.56

0.00 0.00
1,008,180.96
13,595.47

0.00 17,407.28
3,811.81

0.00 (598.61)
(598.61)
3,213.21
3,213.21
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
07/22/2025
07/23/2025
3,000,000.00
3,015,145.19

0.00 0.00
3,014,771.85
19,889.50

0.00 29,834.25
9,944.75

0.00 (373.34)
(373.34)
9,571.41
9,571.41

CONFIDENTIAL | 29
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CLG4 UNITED STATES TREASURY

3.75 08/15/2027
07/22/2025
07/23/2025
3,000,000.00
2,997,115.13

0.00 0.00
2,997,287.88
13,984.81

0.00 23,308.01
9,323.20
172.75

0.00 172.75
9,495.95
9,495.95
91282CLX7 UNITED STATES TREASURY

4.125 11/15/2027
12/19/2024
12/20/2024
750,000.00
747,656.28

0.00 0.00
747,774.85
11,708.39

0.00 14,272.27
2,563.88
118.57

0.00 118.57
2,682.45
2,682.45
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
07/22/2025
07/23/2025
3,000,000.00
3,027,122.16

0.00 0.00
3,026,514.50
41,476.65

0.00 51,675.82
10,199.18

0.00 (607.67)
(607.67)
9,591.51
9,591.51
91282CMF5 UNITED STATES TREASURY

4.25 01/15/2028
01/14/2025
01/15/2025
750,000.00
747,182.84

0.00 0.00
747,312.07
6,691.99

0.00 9,333.56
2,641.57
129.23

0.00 129.23
2,770.80
2,770.80
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030 3,000,000.00
3,056,342.66

0.00 0.00
3,055,136.18
21,132.60

0.00 31,698.90
10,566.30

0.00 (1,206.48)
(1,206.48)
9,359.82
9,359.82
91282CMP3 UNITED STATES TREASURY

4.125 02/28/2027 2,695,000.00
2,705,759.03

0.00 0.00
2,704,789.75
9,666.85

0.00 18,729.52
9,062.67

0.00 (969.28)
(969.28)
8,093.39
8,093.39
91282CMS7 UNITED STATES TREASURY

3.875 03/15/2028
03/19/2025
03/20/2025
750,000.00
747,565.00

0.00 0.00
747,667.32
1,342.56

0.00 3,711.79
2,369.23
102.31

0.00 102.31
2,471.54
2,471.54
91282CMV0 UNITED STATES TREASURY

3.875 03/31/2027
04/17/2025
04/21/2025
750,000.00
750,496.35

0.00 0.00
750,455.45

79.41 0.00
2,461.58
2,382.17

0.00 (40.91)
(40.91)
2,341.26
2,341.26
91282CMW8 UNITED STATES TREASURY

3.75 04/15/2028
04/17/2025
04/21/2025
1,000,000.00
998,985.45

0.00 0.00
999,026.31
17,307.69
18,750.00
1,639.34
3,081.65

40.85 0.00

40.85 3,122.51
3,122.51

CONFIDENTIAL | 30
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CMY4 UNITED STATES TREASURY

3.75 04/30/2027
05/22/2025
05/23/2025
1,000,000.00
997,365.96

0.00 0.00
997,566.52
15,745.86
18,750.00
101.90
3,106.05
200.56

0.00 200.56
3,306.61
3,306.61
91282CNH0 UNITED STATES TREASURY

3.875 06/15/2028
06/17/2025
06/18/2025
1,500,000.00
1,499,265.46

0.00 0.00
1,499,292.80
17,086.20

0.00 21,876.72
4,790.52

27.34 0.00

27.34 4,817.86
4,817.86
91282CNM9 UNITED STATES TREASURY

3.875 07/15/2028
07/22/2025
07/23/2025
3,000,000.00
3,006,303.14

0.00 0.00
3,006,076.95
24,406.08

0.00 34,040.06
9,633.98

0.00 (226.19)
(226.19)
9,407.79
9,407.79
91282CNN7 UNITED STATES TREASURY

3.875 07/31/2030 5,000,000.00
5,025,673.15

0.00 0.00
5,025,186.30
32,113.26

0.00 48,169.89
16,056.63

0.00 (486.85)
(486.85)
15,569.78
15,569.78
91282CNY3 UNITED STATES TREASURY

3.375 09/15/2028
09/29/2025
09/30/2025
3,000,000.00
2,982,282.47

0.00 0.00
2,982,874.37
4,677.31

0.00 12,931.39
8,254.08
591.90

0.00 591.90
8,845.98
8,845.98
91282CPA3 UNITED STATES TREASURY

3.625 09/30/2030 5,000,000.00
4,971,430.11

0.00 0.00
4,971,951.78
495.22

0.00 15,351.78
14,856.56
521.67

0.00 521.67
15,378.22
15,378.22
91282CPE5 UNITED STATES TREASURY 3.5
10/31/2027
11/24/2025
11/25/2025
2,000,000.00
1,999,679.75

0.00 0.00
1,999,696.37
29,392.27
35,000.00
190.22
5,797.95

16.62 0.00

16.62 5,814.57
5,814.57
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 5,000,000.00
4,941,507.16

0.00 0.00
4,942,536.96
58,653.85

0.00 73,076.92
14,423.08
1,029.80

0.00 1,029.80
15,452.88
15,452.88
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028
01/27/2026
01/28/2026
2,250,000.00
2,242,315.67

0.00 0.00
2,242,548.76
23,149.04

0.00 29,639.42
6,490.38
233.09

0.00 233.09
6,723.48
6,723.48

CONFIDENTIAL | 31
City of Pleasanton Managed Account | Account #11313 | As of April 30, 2026 Execution Time: 05/06/2026 10:27:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CQG9 UNITED STATES TREASURY

3.875 03/31/2031 7,500,000.00
4,975,794.51
2,482,128.91

0.00 7,458,331.27
529.37
(7,940.57)
24,615.78
16,145.84
407.85

0.00 407.85
16,553.69
16,553.69
91324PEH1 UNITEDHEALTH GROUP INC

4.0 05/15/2029
02/20/2025
02/21/2025
500,000.00
489,596.76

0.00 0.00
489,870.53
7,555.56

0.00 9,222.22
1,666.67
273.77

0.00 273.77
1,940.44
1,940.44
Total Fixed Income 193,180,000.00
193,106,557.92
6,259,358.83
(6,000,000.00)
193,359,713.66
1,283,245.60
240,192.02
1,581,953.77
538,900.19
12,738.29
(18,941.37)
(6,203.08)
532,697.10 532,697.10
TOTAL PORTFOLIO 194,298,285.60
194,086,558.79
12,017,506.55
(11,623,331.13)
194,474,881.23
1,283,245.60
244,585.46
1,581,953.77
543,293.63
15,019.77
(18,941.37)
(3,921.60)
539,372.03 539,372.03

Item #7

CITY COUNCIL AGENDA REPORT

June 16, 2026
Finance

TITLE: ADOPT A RESOLUTION APPROVING FISCAL YEAR 2026/27 INVESTMENT

POLICY AND GUIDELINES

SUMMARY
Pursuant to California Government Code Section 53646(a)(2), the City’s Investment Policy and Guidelines may be submitted to the City Council annually for adoption. Various sections of the Investment Policy and Guidelines were updated in the prior fiscal years, making the policy more comprehensive and reflecting the requirements in the California Government Code. This year’s updates reflect changes to the California Code resulting from the passage of SB 59.

This report satisfies the legal requirement that the City Council adopt an annual investment policy.

RECOMMENDATION
Adopt the attached resolution approving the Investment Policy and Guidelines for FY 2026/27.

BACKGROUND
California Government Code Section 53646 provides for the City Council to adopt an annual investment policy. The proposed Investment Policy and Guidelines for FY 2026/27 and the adopting resolution are attached.

In addition to being legally required, an investment policy provides the framework for a prudent investment program and helps fulfill the City’s fiduciary responsibilities. The formal investment policy is necessary to identify investment objectives, define risk tolerance, assign responsibility, and establish control over the investment process.

DISCUSSION
Safekeeping for cash and investments is one of the most important responsibilities of the City.

The investment policy directs investment activities and protects the government from potential losses stemming from unsuitable investment practices.

Staff proposes modifying the policy language in various paragraphs. The changes include:
• Updating the maximum maturity for Commercial Paper investments from 270 days to 397 days consistent with Senate Bill 595—page 7.
• Exception to prohibited investments allowing U.S. Government securities with zero accrual if held to maturity, extended to 2031 consistent with provisions of Senate Bill 595—page 10.

EQUITY AND SUSTAINABILITY

Not applicable, as this matter is a routine administrative item of City business.

OUTREACH
No outreach was conducted as this item is a routine administrative matter of City business.

STRATEGIC PLAN ALIGNMENT
This matter is aligned with the ONE Pleasanton strategic plan goal of Funding Our Future supporting the City’s financial health and sound fiscal policies.

FISCAL IMPACT
There is no direct fiscal impact associated with the item. However, a prudent investment management policy helps ensure the City’s available financial resources are managed and invested safely.

Prepared by: Submitted by: Approved by:

Chris Yi, Financial Services
Manager
Susan Hsieh, Director of Finance

Acting City Manager

Attachments:

1. Attachment 1 - Resolution and Fiscal Year 2027 Investment Policy & Guidelines

EXHIBIT A

1 City of Pleasanton

INVESTMENT POLICY AND GUIDELINES
Adopted June 16, 2026
(For FY 2026/27)

POLICY

The purpose of this investment policy is to identify various policies and procedures that will foster a prudent and systematic investment program designed to seek the City of Pleasanton’s (“City”) objectives of safety, liquidity and return on investment through a diversified investment portfolio. This policy also serves to organize and formalize the City’s investment-related activities, while complying with all applicable statutes governing the investment of public funds. This policy is written to incorporate industry best practices and recommendations from sources such as the Government Finance Officers Association (GFOA), California Municipal Treasurers Association (CMTA), California Debt and Investment Advisory Commission (CDIAC) and the Association of Public Treasurers (APT).

SCOPE

This investment policy applies to all financial assets of the City. These funds are accounted for in the City's Annual Comprehensive Financial Report and include:

 General Fund
 Enterprise Funds
 Internal Service Funds
 Capital Projects Funds
 Special Revenue Funds
 Private-Purpose Trust Funds
 Agency Funds
 Debt Service Funds

Proceeds of debt issuance shall be invested in accordance with the City’s general investment philosophy as set forth in this policy; however, such proceeds are to be invested pursuant to the permitted investment provisions of their specific bond indentures.

The City’s Section 115 Pension Trust Fund and the City’s other post-employment benefit trusts are to be invested pursuant to their own investment policies.

POOLING OF FUNDS

Except for cash in certain restricted and special funds, the City will consolidate cash and reserve balances from all funds to maximize investment earnings and to increase efficiencies with regard to investment pricing, safekeeping and administration. Investment

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2 income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles.

PRUDENCE

Pursuant to California Government Code, Section 53600.3, all persons authorized to make investment decisions on behalf of the City are trustees and therefore fiduciaries subject to the Prudent Investor Standard:

“…all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the Agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the Agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law.”

Investment officers acting in accordance with written procedures and the investment policy and exercising due diligence shall be relieved of personal responsibility for an individual security's credit risk or market price changes, provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse developments.

OBJECTIVES

The primary objectives, in priority order, of the City's investment program shall be:

a. Safety: Safety of principal is the foremost objective of the investment program.

Investments of the City shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, the City will diversify its investments by investing funds among a variety of securities with independent returns.

b. Liquidity: The City's investment portfolio will remain sufficiently liquid to enable the City to meet all operating requirements which might be reasonably anticipated.

c. Return on Investment: The City's investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the City's investment risk constraints and the cash flow characteristics of the portfolio.

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3 DELEGATION OF AUTHORITY

Authority to manage the City's investment program is derived from Sections 41006 and 53600 et seq. of the Government Code and Chapter 2.16 of the Pleasanton Municipal Code. Management responsibility for the investment program is delegated by the City Council and City Manager to the Director of Finance.

The Director of Finance will be responsible for all transactions undertaken and will establish a system of procedures and controls to regulate the activities of subordinate officials and employees. Such procedures will include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Director of Finance.

The City may engage the services of professional investment managers (Advisers) at the election and further approval of the City Council at the recommendation of the City Manager and Director of Finance. The Adviser shall be registered under the Investment Advisers Act of 1940. The Adviser may be granted discretion to purchase and sell investment securities in accordance with this investment policy. The Adviser shall follow this Investment Policy, written internal controls and other written instructions as provided by the City. Such delegation is subject to City review and overriding discretion which will be exercised as needed.

ETHICS AND CONFLICTS OF INTEREST

All participants in the investment process shall act as custodians of the public trust.

Investment officials shall recognize that the investment portfolio is subject to public review and evaluation. Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions.

Employees and investment officials shall disclose to the City Manager any material interests in financial institutions with which they conduct business, and they shall further disclose any large personal financial/investment positions that could be related to the performance of the investment portfolio. Employees and officers shall refrain from undertaking any personal investment transactions with the same individual with whom business is conducted on behalf of the City. Employees and investment officials who manage the investment of public funds must file an annual Statement of Economic Interests.

AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS

To the extent practicable, the Director of Finance shall endeavor to complete investment transactions using a competitive bid process whenever possible. The Director of Finance will determine which financial institutions are authorized to provide investment services

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4 to the City. It shall be the City’s policy to purchase securities only from authorized institutions and firms. The Director of Finance will maintain a list of financial institutions authorized to provide investment services. In addition, a list will also be maintained of approved security broker/dealers selected by credit worthiness, these may include "primary" dealers or regional dealers that qualify under Security & Exchange Commission Rule 15C3-1 (uniform net capital rule). All broker investment transactions require the approval of authorized City staff. No public deposit shall be made except in a qualified public depository as established by state laws, and deposits will be insured by the Federal Deposit Insurance Corporation, or, to the extent the amount exceeds the insured maximum, will be collateralized in accordance with State law.

In accordance with Section 53601.5, institutions eligible to transact investment business with the City include:

 Institutions licensed by the state as a broker-dealer  Institutions that are members of a federally regulated securities exchange  Primary government dealers as designated by the Federal Reserve Bank and non- primary government dealers
 Nationally or state-chartered banks
 The Federal Reserve Bank
 Direct issuers of securities eligible for purchase

All financial institutions and broker/dealers who desire to become qualified bidders for investment transactions must supply the Director of Finance with the following: audited financial statements, completed broker/dealer questionnaire, and certification of having reviewed California Government Code, Section 53600 et seq. and read the City's investment policy.

Selection of broker/dealers used by an external investment adviser retained by the City will be at the sole discretion of the adviser. Where possible, transactions with broker/dealers shall be selected on a competitive basis and their bid or offering prices shall be recorded. If there is no other readily available competitive offering, best efforts will be made to document quotations for comparable or alternative securities. When purchasing original issue instrumentality securities, no competitive offerings will be required as all dealers in the selling group offer those securities at the same original issue price.

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5 AUTHORIZED AND SUITABLE INVESTMENTS

The City’s investments are governed by California Government Code, Sections 53600 et seq. Within the investments permitted by the Code, the City seeks to further restrict eligible investments to the guidelines listed below. In the event a discrepancy is found between this policy and the Code, the more restrictive parameters will take precedence.

Percentage holding limits and minimum credit quality requirements listed in this section apply at the time the security is purchased.

Any investment currently held at the time the policy is adopted which does not meet the new policy guidelines can be held until maturity and shall be exempt from the current policy. At the time of the investment’s maturity or liquidation, such funds shall be reinvested only as provided in the current policy.

An appropriate risk level shall be maintained by primarily purchasing securities that are of high quality, liquid, and marketable. The portfolio shall be diversified by security type and institution to avoid incurring unreasonable and avoidable risks regarding specific security types or individual issuers.

a. Time Deposits

Fully-insured (FDIC) or fully collateralized non-negotiable certificates of deposits (CDs) in financial institutions located in California. All time deposits must be collateralized in accordance with California Government Code sections 53650 et. seq. The City, at its discretion, may waive the collateralization requirements for any portion of the deposit that is covered by federal insurance. A maximum of 30% of the City’s portfolio may be invested in this category. The maximum maturity may not exceed five (5) years.

b. Negotiable Certificates of Deposit (NCDs)

Negotiable C/Ds issued by a nationally or state-chartered bank, a savings association or a federal association, a state or federal credit union, or by a federally licensed or state-licensed branch of a foreign bank. The amount of the NCD insured up to the FDIC limit does not require any credit ratings. Any amount above the FDIC insured limit must be issued by institutions which have short-term debt obligations rated “A-1” or its equivalent or better by at least one nationally recognized statistical rating organization (NRSRO); or long-term obligations rated in a rating category of “A” or its equivalent or better by at least one NRSRO. The aggregate investment in Negotiable C/Ds shall not exceed 30% of the City’s total portfolio.

c. Banker’s Acceptances

Banker’s Acceptances shall not to exceed 180 days maturity from date of purchase. No more than 5% of the City’s total portfolio shall be invested in banker’s

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6 acceptances of any one issuer and the aggregate investment in banker’s acceptances shall not exceed 30% of the City’s total portfolio. Banker’s Acceptances must be issued by institutions which have short-term debt obligations rated “A-1” or its equivalent or better by at least one NRSRO; or long-term debt obligations which are rated in a rating category of “A” or its equivalent or better by at least one NRSRO.

d. Obligations of the United States Treasury

U.S. Treasury bills, notes, bonds or certificates of indebtedness, and other government obligations for which the faith and credit of the United States are pledged for the payment of principal and interest. There is no limitation as to the percentage of the City’s portfolio that may be invested in this category. Maximum maturity may not exceed five years.

e. Securities of U.S. Government Agencies

Federal agency or United States government-sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government- sponsored enterprises. There is no limitation as to the percentage of the City’s portfolio that may be invested in this category, provided that:
 No more than 30% of the portfolio may be invested in any single Agency/GSE issuer
 The maximum maturity does not exceed five (5) years
 The maximum percent of agency callable securities in the portfolio will be 20%

f. Commercial Paper

Commercial paper securities issued by an entity that meets all of the following conditions in either paragraph (a) or (b) and additional requirements below:

a. Securities issued by corporations:

(i) A corporation organized and operating in the United States with assets more than $500 million
(ii) The securities are rated “A-1” or its equivalent or better by at least one NRSRO
(iii) If the issuer has other debt obligations, they must be rated in a rating category of “A” or its equivalent or better by at least one NRSRO

b. Securities issued by other entities:

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7 (i) The issuer is organized within the United States as a special purpose corporation, trust, or limited liability company (ii) The securities must have program-wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond
(iii) The securities are rated “A-1” or its equivalent or better by at least one NRSRO

 No more than 10% of the outstanding commercial paper of any single issuer is permitted
 No more than 25% of the City’s investment assets under management may be invested in Commercial Paper.
 No more than 5% of the portfolio may be invested in any single issuer  The maximum maturity does not exceed 397 days

g. State of California Local Agency Investment Fund (LAIF)

The Local Agency Investment Fund was established by the State to enable local agency treasurers to place funds in a pool for investment (California Government Code Section 16429.1 et seq.). The City uses this investment vehicle for short- term liquidity, funds are available on demand and interest is paid quarterly. The City may invest up to the maximum permitted by LAIF.

h. Municipal Securities That Are California State and Local Agency Obligations

Obligations of the State of California or any local agency within the state, provided that such obligations are rated in a rating category of A or its equivalent or better by at least one NRSRO. No more than 5% of the City’s total portfolio shall be invested in any one issuer in this category and the aggregate investment in categories (h. & i.) shall not exceed 30% of the City’s total portfolio. Maximum maturity may not exceed five years.

i. Municipal Securities from Other States

Registered treasury notes or bonds of any of the other 49 United States in addition to California, including bonds payable solely out of the revenues from a revenue- producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 United States, in addition to California, provided that such obligations are rated in a rating category of A or its equivalent or better by at least one NRSRO. No more than 5% of the City’s total portfolio shall be invested in any one issuer in this category and the aggregate investment in categories (h. & i.) shall not exceed 30% of the City’s total portfolio.

Maximum maturity may not exceed five years.

j. Medium-term notes

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8 Medium-term notes, defined as all corporate and depository institution debt securities with a maximum remaining maturity of five years or less, issued by corporations organized and operating in the United States or by depository institutions licensed by the United States or any state and operating in the United States. Purchases are limited to securities rated in a rating category of “A” or its equivalent or better by one NRSRO. The aggregate investment in Medium-term corporate notes shall not exceed 30% of the City’s total portfolio, and no more than 5% of the portfolio may be invested in any single issuer.

k. Repurchase and Reverse Repurchase Agreements

Repurchase Agreements collateralized only by securities of the U.S. Government or its agencies. The purchase securities shall have a minimum market value of 102% of the dollar value of funds borrowed and a term not to exceed one year.

The aggregate investment in repurchase agreements shall not exceed 15% of the City’s total portfolio. Securities used as collateral for Repurchase Agreements will be delivered to an acceptable third-party custodian. Repurchase Agreements are subject to a Master Repurchase Agreement between the City and the provider of the repurchase agreement. The Master Repurchase Agreement will be substantially in the form developed by the Securities Industry and Financial Markets Association (SIFMA).

l. Money Market and Mutual Funds

Money market and mutual funds that are registered with the Securities and Exchange Commission under the Investment Company Act of 1940, provided that:

a. Mutual Funds that invest in the securities and obligations as authorized under California Government Code, Section 53601 (a) to (k) and (m) to (q) inclusive and that meet either of the following criteria:

(i) Attained the highest ranking or the highest letter and numerical rating provided by not less than two (2) NRSROs; or
(ii) Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience investing in the securities and obligations authorized by California Government Code, Section 53601 and with assets under management in excess of $500 million.

 No more than 10% of the total portfolio may be invested in shares of any one mutual fund.

b. Money Market Mutual Funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and issued by diversified management companies and meet either of the following criteria:

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9 (i) Have attained the highest ranking or the highest letter and numerical rating provided by not less than two (2) NRSROs; or
(ii) Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience managing money market mutual funds with assets under management in excess of $500 million.

 No more than 20% of the total portfolio may be invested in the shares of any one Money Market Mutual Fund.

c. No more than 20% of the total portfolio may be invested in these securities.

m. Managed Portfolio for Pension Liabilities

City Council authorized setting up a Section 115 Pension Trust Fund (Trust Fund), The Trust Fund assets will be managed by an external manager and the investment policy related to the trust will be a separate document that is approved by the City Council.

n. Local Government Investment Pools that are Joint Powers Authorities

Local Government Investment Pools (LGIPs) are a permitted investment for all local agencies under California Government Code Section 53601(p). The aggregate investment in LGIPs shall not exceed 30% of the City’s investment portfolio.

o. Supranational Organizations Securities

United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by IBRD, IFC, or IADB, with a maximum remaining maturity of five years or less and eligible for purchase and sale in the United States. Purchases are limited to securities rated in a rating category of “AA” or its equivalent or better by an NRSRO. The aggregate investment in Supranational Organizations Securities shall not exceed 30% of the City’s investment portfolio. No more than 10% of the portfolio may be invested in any single issuer. Supranational Organizations Securities are permitted investment under California Government Code 53601(q).

p. Collateralized Bank Deposits

City’s deposits with financial institutions will be collateralized with pledged securities per California Government Code, Section 53651. There are no limits on the dollar amount or percentage that the City may invest in collateralized bank deposits.