Rancho Cordova City Council
December 19, 2022

CITY OF RANCHO CORDOVA

CITY COUNCIL MEETING
Monday, December 19, 2022
5:30 PM – Regular Meeting
David B. Roberts Council Chambers
City Hall
2729 Prospect Park Drive, Rancho Cordova
Pursuant to California Assembly Bill 361 amending the Ralph M. Brown Act (Govt. Code 54950-54963), the City has declared a state of emergency relating to COVID-19 and imposed measures to promote social distancing.

Join the Meeting Via Zoom Link:
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Instructions to Make Public Comment
Submitting Public Comment via Email
Members of the public who wish to provide public comment via email will need to submit written comments to [email protected] no later than 3:00 p.m. on Monday, December 19, 2022. Written comments received no later than 3:00 p.m. will be distributed to the Council, filed in the record, and will not be read aloud. All comments submitted later than 3:00 p.m. will be distributed to the Council.

Listening to a Zoom Meeting by Zoom Video Conference
To make a public comment using the Zoom platform, please use the “raise hand” feature at the bottom center of the screen. Please make sure to enable audio controls once access has been given by the City Clerk’s office to speak. Please wait to be called upon by the City Clerk.

Rancho Cordova City Council - AGENDA
Regular Meeting of Monday, December 19, 2022

Listening to a Zoom Meeting by Phone Only
You can join a Zoom meeting via teleconferencing/audio conferencing using a cell phone or traditional landline phone. To request to make a public comment by phone press *9 to raise your hand. Please wait to be called upon by the City Clerk.

All public comments will be limited to three-minutes.

If you have questions related to the City Council Meeting or the use of Zoom, please contact the City Clerk’s Office at (916) 851-8720 before Monday, December 19, 2022, at 3:00 p.m.

AGENDA

1. REGULAR MEETING - CALL TO ORDER/ROLL CALL
Council Members Linda Budge, Garrett Gatewood, Siri Pulipati, David Sander, and Mayor Donald Terry

2. METRO CABLE TV TELEVISION ANNOUNCEMENT
The Clerk will announce the meetings video recording and playback schedules.

3. PLEDGE OF ALLEGIANCE
The Mayor will call on someone in attendance to lead the Pledge.

4. INVOCATION
Dan DeShong with River City Christian will give the invocation.

5. CERTIFICATION OF THE NOVEMBER 8, 2022 GENERAL MUNICIPAL ELECTION

5.1. Subject: A Resolution Certifying the Results of the November 8, 2022 General Municipal Election with Regard to Two Members of the City Council.

Recommendation: Adopt the Resolution certifying the results of the November 8, 2022 General Municipal Election with regard to two members of the City Council.

6. SPECIAL CEREMONIES - SWEAR IN COUNCIL MEMBERS

6.1. Swearing-in and Seating of Council Members.

7. SELECTION OF MAYOR AND VICE MAYOR

7.1. Subject: Selection of 2023 Mayor and Vice Mayor
Recommendation: Council selection of the 2023 Mayor and Vice Mayor.

8. SPECIAL CEREMONIES - SWEAR IN MAYOR AND VICE MAYOR

8.1. Swearing in of Vice Mayor.

8.2. Swearing in of Mayor.

Rancho Cordova City Council - AGENDA
Regular Meeting of Monday, December 19, 2022

8.3. Presentation to Outgoing Mayor Terry.

9. CELEBRATORY BREAK

10. PRESENTATIONS

10.1. Presentation of Proclamation by the City of Rancho Cordova in Recognition of City Manager Cyrus Abhar on the Occasion of His Retirement.

11. PUBLIC COMMENT
Citizens wishing to address the Council for any matter not on the agenda may do so at this time via teleconference or by completing and submitting a Speaker Card to the City Clerk.

If you want to make a public comment via teleconference, please use the “raise hand” feature at the bottom center of the screen. If you are participating by telephone and you want to make a public comment, please press *9 to raise your hand. For those participating by Zoom or telephone, please wait to be called upon by the City Clerk.

For items on the agenda, speakers will be called by the Mayor at the point on the agenda when the item will be heard. Speakers are encouraged to keep comments to three minutes or less and to state name and community of residence.

Under the provisions of the California Government Code, the City Council is prohibited from discussing or taking immediate action on any item not on the agenda unless it can be demonstrated to be of an emergency nature or the need to take immediate action arose after the posting of the agenda.

12. COUNCIL REPORTS

13. CITY MANAGER'S REPORT

14. CONSENT CALENDAR ITEMS - ROLL CALL VOTE

14.1. Subject: Meeting Minutes from the Special Meeting of December 5, 2022, the Regular City Council Meeting of December 5, 2022 and the Special Meeting of December 13, 2022.

Recommendation: Adopt the Minutes.

14.2. Subject: A Resolution Approving the City of Rancho Cordova Goals and Policies Concerning Use of Mello-Roos Community Facilities Act of 1982.

Recommendation: Adopt the Resolution.

14.3. Subject: A Resolution Making Certain Findings and Determinations Related to, and Accepting, the FY 2021-22 Development Impact Fee Report for AB1600 Development Fees.

Recommendation: Adopt the Resolution.

14.4. Subject: Treasurer’s Report - September 30, 2022.

Recommendation: This report is informational only. It is recommended that the City Council receive and file the September 30, 2022 Treasurer’s Report.

14.5. Subject: A Resolution Authorizing Application and Receipt of California Department of Housing and Community Development REAP 2.0 Higher Impact Transformative (HIT)

Rancho Cordova City Council - AGENDA
Regular Meeting of Monday, December 19, 2022

Allocation Funding.

Recommendation: Adopt the Resolution.

14.6. Subject: A Resolution Authorizing the Sale of City-Owned Property at 4381 Anatolia Dr, Rancho Cordova, and Authorizing Execution of a Purchase and Sale Agreement and Joint Escrow Instructions.

Recommendation: Adopt the Resolution.

14.7. Subject: A Resolution Authorizing the City Manager to Execute Contract Amendment No. 172-2019-1 for On-Call Professional Services with Salaber Associates, Inc. to Extend the Contract Term from December 31, 2022, to June 30, 2025 which Results in Increasing the Contract Amount from $1,500,000 to an Amount not to Exceed $2,850,000.

Recommendation: Adopt the Resolution.

14.8. Subject: A Resolution Approving the Budget for the Workforce Recovery Programs and Authorizing the City Manager to Execute Contracts with the Workforce Programs Providers as Outlined.

Recommendation: Adopt the Resolution

15. CONSENT PUBLIC HEARING ITEMS - ROLL CALL VOTE

15.1. Subject: Trevor Gilmartin Tentative Subdivision Map and Phasing Plan, Specific Plan Amendment, and Affordable Housing Plan Agreement Amendment - Project NO. PLND-0322- 0032.

Recommendation: Determine the project Exempt per Section 15183, Projects consistent with the densities established by existing zoning, community plan or general plan policies for which an Environmental Impact Report (EIR) was certified; Waive the first reading and introduce the Ordinance for the Specific Plan Amendments to the Suncreek Specific Plan, and adopt the Resolution approving the Trevor Gilmartin Tentative Subdivision Map, subject to the findings contained in the attached Resolution, Conditions of Approval, and Phasing Plan, and the Amendment to the Affordable Housing Plan Agreement.

15.2. Subject: The Ranch Four Seasons Special Planning Area Amendment and Major Design Review - Project No. PLND-0722-0045.

Recommendation: Determine the project is Exempt per CEQA Guidelines Section 15182, “Residential Projects Pursuant to a Specific Plan”, waive first reading and introduce the Ordinance for the Ranch Four Seasons Special Planning Area Handbook Amendment and adopt the Resolution for the Major Design Review.

16. PUBLIC HEARING ITEMS
None.

17. REGULAR CALENDAR ITEMS

17.1. Subject: Public Works In Action - Clean, Green, and Safe.

Recommendation: Receive update from the Public Works Department.

17.2. Subject: A Resolution Authorizing the Acquisition of Property at 2300 Mine Shaft Lane, Rancho Cordova, and Authorizing the Execution of a Real Estate Purchase and Sale Agreement, Certificate of Acceptance and Recordation of a Grant Deed and Presentation from

Rancho Cordova City Council - AGENDA
Regular Meeting of Monday, December 19, 2022

Cordova Community Council on Potential Improvements to Mine Shaft Building.

Recommendation: Receive the presentation on the Mine Shaft Building and provide direction.

17.3. Subject: A Resolution Authorizing the City Manager to Execute the Second Amendment to the Second Restated Grant Agreement between the City of Rancho Cordova and the Cordova Community Council Foundation and Presentation by Cordova Community Council of Proposed Events and Activities to Celebrate the City of Rancho Cordova’s 20th Anniversary in 2023.

Recommendation: Receive the presentation and adopt the Resolution.

17.4. Subject: A Resolution Updating the City Salary Range Table and Approving an Employment Agreement Between the City and Micah Runner for Service as City Manager and Setting the Terms of Employment, Including Salary and Benefits.

Recommendation: Adopt the Resolution approving a resolution updating the City Salary Range Table and approving an employment agreement between the City and Micah Runner for service as City Manager and setting the terms of employment, including salary and benefits.

17.5. Subject: A Resolution Approving the 2023 Rancho Cordova City Council Meeting Schedule.

Recommendation: Adopt the Resolution.

18. COUNCIL REQUESTS FOR FUTURE AGENDA ITEMS

19. ADJOURNMENT

ADDITIONAL INFORMATION
Special Meetings listed below are subject to change/cancellation without further notice.

Unless the Council adopts a motion to extend the meeting, any item that is not initiated before 11:00 p.m. will be continued to the next day at 5:30 p.m. or scheduled on the next regular meeting agenda of the Council.

Public documents related to items on the open session portion of this agenda, which are distributed to the City Council less than 72 hours prior to the meeting, shall be available for public inspection at the time the documents are distributed to the Council. Documents are available for inspection at the City Clerk's office located in Rancho Cordova City Hall.

The agenda items are accessible on the City’s website at www.cityofranchocordova.org on Thursdays or Fridays prior to the Regular City Council Meeting.

TENTATIVE UPCOMING MEETINGS
January 3, 2023 4:00 PM Special Meeting/Regular Meeting January 17, 2023 5:30 PM Regular Meeting
If you have any technical questions related to the agenda items, please contact City Hall at (916) 851- 8700.

Rancho Cordova City Council - AGENDA
Regular Meeting of Monday, December 19, 2022

The Rancho Cordova City Council meeting will be videotaped in its entirety and will be cablecast without interruption on Metro Cable 14, the Government Affairs Channel on the Comcast, Consolidated Communications and AT&T U-Verse Systems. Closed Captioning will be available on the playback cablecast. A DVD copy is available from the City Clerk’s Department and a webcast of this meeting will be available for viewing via video streaming from the City’s website within 48 hours of adjournment of this meeting.

In compliance with the Americans with Disabilities Act, if you need a disability-related modification or accommodation, including auxiliary aids or services, to participate in this meeting, please contact the City Clerk’s Office at (916) 851-8720 at least 48 hours prior to the meeting.

CERTIFICATION OF POSTING OF AGENDA
I, Stacy Leitner, City Clerk for the City of Rancho Cordova, declare that the foregoing agenda for the December 19, 2022 Regular Meeting of the Rancho Cordova City Council was posted and available for review on December 15, 2022 at City Hall of the City of Rancho Cordova, 2729 Prospect Park Drive, Rancho Cordova, California, 95670. The agenda is also available on the city website at www.cityofranchocordova.org.

Signed December 15, 2022 at Rancho Cordova, California.

Stacy Leitner, CMC
City Clerk

MEMORANDUM
City Council Staff Report - Page 1 of 1

ITEM 5.1.

DATE: December 19, 2022
TO: Honorable Mayor and Council Members
FROM: Stacy Leitner, City Clerk
SUBJECT: A RESOLUTION CERTIFYING THE RESULTS OF THE NOVEMBER 8, 2022 GENERAL MUNICIPAL ELECTION WITH REGARD TO TWO

MEMBERS OF THE CITY COUNCIL

RECOMMENDATION
Adopt the Resolution certifying the results of the November 8, 2022 General Municipal Election with regard to two members of the City Council.

RESULT OF RECOMMENDED ACTION
Adoption of the Resolution would result in the City's compliance with the California Elections Code Sections 10262, 10263, and 10264 which, in part, state that the governing body shall declare the results of each election under its jurisdiction.

BACKGROUND
The City Council, as the governing body of the City, declares the results of the election for each City Council office voted on at a municipal election. As a result of the election, the following Council Members have been elected to the City Council for full, four-year terms:

Linda Budge
Garrett Gatewood

FISCAL IMPACT AND FUNDING SOURCE
There is no fiscal impact.

ATTACHMENT(S)

1. Resolution for Election Certification

2. Exhibit A to the Resolution - Certification of Elections

ITEM 5.1. ATTACHMENT 1
Resolution No. XX-2022 Page 1 of 2

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2022

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA,

STATE OF CALIFORNIA, RECITING THE FACT OF THE GENERAL MUNICIPAL ELECTION HELD ON NOVEMBER 8, 2022 AND DECLARING THE RESULTS
WHEREAS, a General Municipal Election was held and conducted in the City of Rancho Cordova, California, on Tuesday, November 8, 2022, as required by law; and WHEREAS, notice of the election was given in time, form and manner as provided by law; that voting precincts were properly established; that election officers were appointed and that in all respects, the election was held and conducted and the votes were cast, received and canvassed and the returns made and declared in the time, form, and manner required by the provisions of the Elections Code of the State of California for the holding of elections in general law cities; and
WHEREAS, pursuant to the following City of Rancho Cordova Resolutions:
a. Resolution No. 115-2022 called for the General Municipal Election on November 8, 2022, adopted June 20, 2022;
WHEREAS, the Sacramento County Voter Registration and Elections Department canvassed the returns of the election and has certified the results to this City Council, and the results are received, attached, and made a part hereof as Exhibit A.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:

1. That the names of persons voted for at the election for Member of the City Council are as follows: Linda Budge, Garrett Gatewood, and Sheikh Zulkader.

2. That the number of votes given at each precinct and the number of votes given in the City to each of the persons above named for the respective offices for which the persons were candidates are listed in Exhibit A attached.

3. The City Council does declare and determine that:
 Linda Budge was elected as a Member of the City Council for the full term of four years; and
 Garrett Gatewood was elected as a Member of the City Council for the full term of four years.

ITEM 5.1. ATTACHMENT 1
Resolution No. XX-2022 Page 2 of 2
That the City Clerk shall certify to the passage and adoption of this resolution and enter it into the book of original resolutions.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova on the 19th day of December 2022 by following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:

Donald Terry, Mayor
Stacy Leitner, CMC
City Clerk

COUNTY OF SACRAMENTO

VOTER REGISTRATION AND ELECTIONS

CERTIFICATE OF FACTS
STATE OF CALIFORNIA } ss. County of Sacramento
I, HANG NGUYEN, Interim Registrar of Voters of the County of Sacramento, State of California, do hereby certify that the names of the candidates shown below were submitted to the known qualified electors in Sacramento County in the:

City of Rancho Cordova, City Council
for the purpose of electing:

Two (2) Councilmembers
at the November 8, 2022 General Election.

The results of the Official Canvass conducted by this office are as follows:

Name
*Linda Budge
*Garrett S. Gatewood
Sheikh Zulkader
Total
Votes Cast
13,697
12,357
3,349
I further certify that the conduct of the election and canvass of the ballots was, in every respect, in accordance with the election laws of the State of California.

IN WITNESS WHEREOF I have set my hand and affixed my official seal on this 7th day of December, 2022, in accordance with the laws of the State of California. *Elected
N

INTERIM REGIST S
County of Sacramento
State of California
ITEM 5.1. ATTACHMENT 2 Exhibit A to the Resolution

MEMORANDUM
City Council Staff Report - Page 1 of 1

ITEM 7.1.

DATE: December 19, 2022
TO: Honorable Mayor and Council Members
FROM: Stacy Leitner, City Clerk
SUBJECT: SELECTION OF 2023 MAYOR AND VICE MAYOR

RECOMMENDATION
Council selection of the 2023 Mayor and Vice Mayor.

RESULT OF RECOMMENDED ACTION
City Council Leadership officers for 2023 are appointed, per City Council Resolution No. 5- 2004.

BACKGROUND
On January 5, 2004, the City Council adopted Resolution No. 5-2004 establishing the Council policy that one of its members would be selected as Mayor and one of its members selected as Mayor Pro Tempore at the first regular City Council meeting in December. Subsequently, Council adopted Resolution No. 185-2004 changing the Mayor Pro Tempore designation to Vice Mayor.

FISCAL IMPACT AND FUNDING SOURCE
There is no Fiscal Impact.

ATTACHMENT(S)

1. Resolution No. 5-2004

2. Resolution No. 185-2004

ITEM 7.1. ATTACHMENT 1

RESOLUTION NO. 185-2004

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CORDOVA CALIFORNIA AMENDING RESOLUTION 31-2004 AND

CHANGING THE DESIGNATION OF MAYOR PRO TEMPORE TO VICE
MAYOR
WHEREAS, the City Council is desirous of changing the designation of "Mayor Pro Tempore" to "Vice Mayor.

NOW, THEREFORE, BE IT RESOLVED, that the City Council ofthe City Rancho Cordova does hereby determine and order that:

1. 2003 is amended to replace the "Mayor Pro
Tempore" designation with "Vice Mayor" and that

2. Mayor Pro Tempore" in Resolution No. 5-2004 are hereby amended to be "Vice Mayor.

I HEREBY CERTIFY that the foregoing resolution was introduced and passed at a regular meeting of the City Council of the City of Rancho Cordova, held on the day of December, 2004, by the following vote:

AYES: Skoglund, Sander, McGarvey, Cooley, Budge
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:

Lillian E. Hare, City Clerk
ITEM 7.1. ATTACHMENT 2

ITEM 14.1.

CITY OF RANCHO CORDOVA

CITY COUNCIL MEETING
Monday, December 5, 2022
12:15 PM – Special Meeting/Closed Session
David B. Roberts Council Chambers
City Hall
2729 Prospect Park Drive, Rancho Cordova
Pursuant to California Assembly Bill 361 amending the Ralph M. Brown Act (Govt. Code 54950-54963), the City has declared a state of emergency relating to COVID-19 and imposed measures to promote social distancing.

DRAFT MINUTES

1. SPECIAL MEETING - CALL TO ORDER/ROLL CALL
Mayor Terry called the special meeting to order in the David B. Roberts Council Chambers at 12:29 p.m.

Council Members Present: Linda Budge, Garrett Gatewood, Siri Pulipati, David Sander, and Donald Terry
Council Members Absent: None
Staff Members Present: Adam Lindgren, Stacy Leitner and Persephonie Riley

2. PUBLIC COMMENT
Mayor Terry opened the public comment period. Seeing no speakers. Mayor Gatewood closed the public comment period.

3. SPECIAL MEETING ITEMS

3.1. Subject: Appointment of Labor Negotiators.

Recommendation: Appoint Brenda Roach, Human Resources Manager and Adam Lindgren, City Attorney as Labor Negotiators for City Manager negotiations.

Mayor Terry opened the public comment period. Seeing no speakers. Mayor Terry closed the public comment period.

ITEM 14.1.

Rancho Cordova City Council - DRAFT MINUTES
Meeting of Monday, December 5, 2022

ACTION: Motion to approve item 3.1. by Sander second by Budge; Motion passed with a 5:0 vote.

4. ADJOURN TO CLOSED SESSION
Mayor Terry adjourned the meeting to closed session at 12:30 p.m.

5. CLOSED SESSION - CALL TO ORDER/ROLL CALL
Mayor Terry called closed session to order at 12:30 p.m.

Council Members Present: Linda Budge, Garrett Gatewood, Siri Pulipati, David Sander, and Mayor Donald Terry
Council Members Absent: None
Staff Members Present: Adam Lindgren

6. CLOSED SESSION
Council met in closed session to discuss the following item:

6.1. PUBLIC EMPLOYEE APPOINTMENT
Title: City Manager
Pursuant to Government Code Section 54957.

7. OPEN SESSION - REPORT FROM CLOSED SESSION
City Attorney Adam Lindgren reported that staff was given direction and no reportable action was taken in closed session.

8. ADJOURNMENT
Mayor Terry adjourned the meeting at 1:58 p.m.
______________________
Stacy Leitner, CMC
City Clerk

ITEM 14.1.

CITY OF RANCHO CORDOVA

CITY COUNCIL MEETING
Monday, December 5, 2022
4:00 PM Special Meeting/Closed Session
5:30 PM – Regular Meeting
David B. Roberts Council Chambers
City Hall
2729 Prospect Park Drive, Rancho Cordova
Pursuant to California Assembly Bill 361 amending the Ralph M. Brown Act (Govt. Code 54950-54963), the City has declared a state of emergency relating to COVID-19 and imposed measures to promote social distancing.

DRAFT MINUTES

1. SPECIAL MEETING - CALL TO ORDER/ROLL CALL
Mayor Terry called the Special meeting to order in the David B. Roberts Council Chambers at 4:02 p.m.

Council Members Present: Linda Budge, Garrett Gatewood, Siri Pulipati, David Sander, and Mayor Donald Terry
Council Members Absent: None
Staff Members Present: Cyrus Abhar, Adam Lindgren, Stacy Leitner and Persephonie Riley

2. PUBLIC COMMENT
Mayor Terry opened the public comment period. Seeing no speakers. Mayor Terry closed the public comment period.

3. ADJOURN TO CLOSED SESSION
Mayor Terry adjourned the meeting to closed session at 4:03 p.m.

4. CLOSED SESSION - CALL TO ORDER/ROLL CALL
Mayor Terry called closed session to order at 4:03 p.m.

ITEM 14.1.

Rancho Cordova City Council - DRAFT MINUTES
Meeting of Monday, December 5, 2022

Council Members Present: Linda Budge, Garrett Gatewood, Siri Pulipati, David Sander, and Mayor Donald Terry
Council Members Absent: None
Staff Members Present: Cyrus Abhar, Adam Lindgren, Stacy Leitner and Persephonie Riley

5. CLOSED SESSION
Council met in closed session to discuss the following item:

5.1. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION: Significant Exposure to Litigation Pursuant to Government Code Section 54956.9(d)(2) (One Case).

6. OPEN SESSION - REPORT FROM CLOSED SESSION
City Attorney Adam Lindgren reported that staff was given direction and no reportable action was taken in closed session.

7. ADJOURN TO REGULAR MEETING
Mayor Terry adjourned closed session to the regular meeting at 5:39 p.m.

8. REGULAR MEETING - CALL TO ORDER/ROLL CALL
Mayor Terry called the Regular meeting to order in the David B. Roberts Council Chambers at 5:39 p.m.

Council Members Present: Linda Budge, Garrett Gatewood, Siri Pulipati, David Sander, and Mayor Donald Terry
Council Members Absent: None
Staff Members Present: Cyrus Abhar, Adam Lindgren, Stacy Leitner and Persephonie Riley

9. METRO CABLE TV TELEVISION ANNOUNCEMENT
The City Clerk read the meetings recordings and playback schedule.

10. PLEDGE OF ALLEGIANCE
Derald Langwell led the pledge.

11. INVOCATION
Council Member Garrett Gatewood gave the invocation.

12. CERTIFICATION OF THE NOVEMBER 8, 2022 GENERAL MUNICIPAL ELECTION

12.1. Subject: A Resolution Certifying the Results of the November 8, 2022 General Municipal Election with Regard to Two Members of the City Council.

ACTION: Motion to continue items 12 through 15 to December 19, 2022 by Budge second by Sander;
Motion passed with a 5:0 vote.

ITEM 14.1.

Rancho Cordova City Council - DRAFT MINUTES
Meeting of Monday, December 5, 2022

13. SPECIAL CEREMONIES - SWEAR IN COUNCIL MEMBERS

13.1. Subject: Swearing-in and Seating of Council Members.

14. SELECTION OF MAYOR AND VICE MAYOR

14.1. Subject: Selection of 2023 Mayor and Vice Mayor.

Recommendation: Council selection of the 2023 Mayor and Vice Mayor.

15. BREAK

16. PRESENTATIONS
None.

17. PUBLIC COMMENT
Mayor Terry opened the public comment period. The following individuals addressed the Council or submitted public comment via email:

1. James Garcia

2. Helen Whelan-Bashaw

3. Fayzah Mughal
Mayor Terry closed the public comment period.

18. COUNCIL REPORTS
Council reported on events since the last meeting.

19. CITY MANAGER'S REPORT
City Manager Cyrus Abhar gave his report.

20. CONSENT CALENDAR ITEMS - ROLL CALL VOTE
Mayor Terry opened the public comment period. Seeing no speakers. Mayor Terry closed the public comment period.

ACTION: Motion to approve items 20.1 through 20.5 by Sander second by Budge; Motion passed with a 5:0 vote.

20.1. Subject: Meeting Minutes from the Regular City Council Meeting of November 21, 2022 and the Special Meeting of November 29, 2022.

Recommendation: Adopt the Minutes.

20.2. Subject: Second Reading of an Ordinance Amending Chapter 16.82 Relating to Certain Specific Development Impact Fees within the Suncreek Specific Plan Area.

Recommendation: Waive the second reading and adopt the Ordinance.

20.3. Subject: A Resolution of the City Council of the City of Rancho Cordova and on Behalf of Commissions and Committees Created by the City Council Pursuant to Government Code Section 54952(b) Confirming the State of Emergency Under Government Code Section 8625, Recognizing Continued Measures to Promote Social Distancing, and Reauthorizing Remote Teleconference Meetings of the City for the Period from December 5, 2022 through January 4, 2023.

Recommendation: Adopt the Resolution.

ITEM 14.1.

Rancho Cordova City Council - DRAFT MINUTES
Meeting of Monday, December 5, 2022

20.4. Subject: A Resolution Accepting a Grant from the State of California Department of Alcoholic Beverage Control (ABC) in the Amount of $40,000 and Authorizing the City Manager or his Designee to Execute a Grant Agreement.

Recommendation: Adopt the Resolution.

20.5. Subject: A Resolution Approving the Final Map of Sundance, Subdivision No. FM2018-006-01, and Authorizing the City Manager to Execute the Subdivision Improvement Agreement Contract No. 2022-244 with Sunridge Villas Property LLC.

Recommendation: Adopt the Resolution.

21. CONSENT PUBLIC HEARING ITEMS - ROLL CALL VOTE
Mayor Terry opened the public comment period. Seeing no speakers. Mayor Terry closed the public comment period.

ACTION: Motion to approve item 21.1 by Budge second by Pulipati; Motion passed with a 5:0 vote.

21.1. Subject: The Residences at Capital Center - Major Design Review - Project No. PLND1221-0024 - Located at the Northeast Corner of International Boulevard and Kilgore Road: APN: 072-0680-065 & 072-0680-068, 072-0260-051, 072-0260-053, 072-0260- 054 & 072-0260-056.

Recommendation: That Council find the initial Study-Mitigated Negative Declaration with mitigation measures that was prepared and circulated pursuant to the California Environmental Quality Act (CEQA) for the project to be adequate; and adopt the Resolution for a Major Design Review for The Residences at Capital Center project.

22. PUBLIC HEARING ITEMS

22.1. Subject: Logisticenter at Rancho Cordova Major Design Review - Project No. PLND1021-0015.

Recommendation: There is no staff recommendation at this time. Staff is providing a response to public comment received as well as Council’s concerns that were raised at the July 18th Council meeting and will be looking for any additional direction from Council for this project. The requested Major Design Review is within the Villages of Zinfandel Special Planning Area (VOZSPA) and therefore applicable design standards listed within the VOZSPA would be utilized to determine approval or denial of the project. This meeting is intended to discuss the project in detail regarding these standards and provide direction to Staff to return to Council with a final resolution based upon that discussion, at a later date. As a result of the holiday City Council schedule, the public hearing will be continued to the January 17, 2023 City Council meeting. At that time, staff may bring back draft documents for possible final action based upon Council’s direction.

Mayor Terry opened the public comment period. The following individuals addressed the Council or submitted public comment via email:

1. Paul Carroll

2. Renee Webber

3. Greg Muilenburg

4. James Garcia

5. Kate Carroll

6. Troy Fennel

7. Valeria Knippschild

ITEM 14.1.

Rancho Cordova City Council - DRAFT MINUTES
Meeting of Monday, December 5, 2022

8.Eric Winegar

9. Dilip Nayak

10.Mark Berry

11. Brenda Gustin

12. Helen Whelan-Bashaw

13. Barbara Kropacek

14. Jennifer Garcia

15. Sara Malone

16. Fayzah Mughal

17. Marilyn Metzger

18. Sara Malone

19. Dawn Davison

20. Greg Muilenburg

21. Eric Winegar

22. Kate Carroll

23. Valerie Knippschild

24. James Garcia

25. Marilyn Metzger

26. Paul Carroll

27. Sharon Muilenburg

28. Max Corrales

29. Eileen Sedilko

30. Brenda Gustin
Mayor Terry closed the public comment period.

RECESS 7:31 p.m. - 7:47 p.m.

ACTION: Input was received regarding the Logisticenter at Rancho Cordova Major Design Review - Project No. PLND-1021-0015.

23. REGULAR CALENDAR ITEMS
None.

24. COUNCIL REQUESTS FOR FUTURE AGENDA ITEMS

1. Update on Coloma Road

25. ADJOURN TO CLOSED SESSION
Mayor Terry adjourned the meeting to closed session at 8:53 p.m.

26. CLOSED SESSION - CALL TO ORDER/ROLL CALL
Mayor Terry called closed session to order at 8:53 p.m.

Council Members Present: Linda Budge, Garrett Gatewood, Siri Pulipati, David Sander, and Mayor Donald Terry
Council Members Absent: None
Staff Members Present: Adam Lindgren

27. CLOSED SESSION
Council met in closed session to discuss the following item:

ITEM 14.1.

Rancho Cordova City Council - DRAFT MINUTES
Meeting of Monday, December 5, 2022

27.1. CONFERENCE WITH LABOR NEGOTIATORS: Pursuant to Government Code Section 54957.6. Agency Designated Representatives: Human Resources Manager Brenda Roach and City Attorney Adam U. Lindgren; Unrepresented Employee: City Manager.

28. OPEN SESSION - REPORT FROM CLOSED SESSION
City Attorney Adam Lindgren reported that staff was given direction and no reportable action was taken in closed session.

29. ADJOURNMENT
Mayor Terry adjourned the meeting in memory of Tim Fairall at 9:16 p.m. ______________________
Stacy Leitner, CMC
City Clerk

ITEM 14.1.

CITY OF RANCHO CORDOVA

CITY COUNCIL MEETING
Tuesday, December 13, 2022
5:30 PM –Special Meeting/Work Session
David B. Roberts Council Chambers
City Hall
2729 Prospect Park Drive, Rancho Cordova
Pursuant to California Assembly Bill 361 amending the Ralph M. Brown Act (Govt. Code 54950-54963), the City has declared a state of emergency relating to COVID-19 and imposed measures to promote social distancing.

DRAFT MINUTES

1. SPECIAL MEETING - CALL TO ORDER/ROLL CALL
Mayor Terry called special meeting to order in the David B. Roberts Council Chambers at 5:31 p.m.

Council Members Present: Linda Budge(joined at 5:33 p.m.), Garrett Gatewood, Siri Pulipati, David Sander, and Mayor Donald Terry
Council Members Absent: None
Staff Members Present: Cyrus Abhar, Adam Lindgren, Stacy Leitner and Persephonie Riley

2. PUBLIC COMMENT
Mayor Terry stated that public comment would take place at the time the item on the agenda was discussed.

3. SPECIAL MEETING

3.1. Subject: Discussion and Potential Direction on Westborough Specific Plan.

Recommendation: No formal recommendation is being made at this time. Staff is requesting that the Council provide feedback and/or direction on the proposed land use map, proposed acreage for each land use category and various key infrastructure components. If requested, direct staff to bring back any changes to the proposed land

ITEM 14.1.

Rancho Cordova City Council - DRAFT MINUTES
Meeting of Tuesday, December 13, 2022

use map or infrastructure components for further discussion at a later date.

Mayor Terry opened the public comment period. The following individuals addressed the Council:

1.William Chao
Mayor Terry closed the public comment period.

ACTION: Input was received regarding Discussion and Potential Direction on Westborough Specific Plan.

4. ADJOURNMENT
Mayor Terry adjourned the meeting at 7:03 p.m.
_______________________
Stacy Leitner, CMC
City Clerk

MEMORANDUM
City Council Staff Report - Page 1 of 2

ITEM 14.2.

DATE: December 19, 2022
TO: Honorable Mayor and Council Members
FROM: Kim Juran, Administrative Services Director
Michelle Mingay, Senior Finance Analyst
SUBJECT: A RESOLUTION APPROVING THE CITY OF RANCHO CORDOVA

GOALS AND POLICIES CONCERNING USE OF MELLO-ROOS
COMMUNITY FACILITIES ACT OF 1982

RECOMMENDATION
Adopt the Resolution.

RESULT OF RECOMMENDED ACTION
Adoption of the Resolution will put the revised goals and policies into effect.

BACKGROUND
The Mello-Roos Community Facilities Act of 1982 allows for the creation of Community Facilities Districts (CFD's) to finance certain public capital facilities and services. As a prerequisite to forming CFD's pursuant to the Mello-Roos Act, each jurisdiction must first consider and adopt local goals and policies concerning their use. The City first adopted its Goals and Policies Concerning the Use of Mello-Roos Community Facilities Act of 1982 on July 1, 2003. The revised Goals and Policies attached to this staff report reflect additional policies and guidelines to provide greater clarity on CFD formation and bond issuance(s) within the City of Rancho Cordova. These revised goals and policies will be applicable to all CFD formations and bond issuances for the funding or construction of City-owned facilities and infrastructure, regardless of the forming entity.

The purpose of the CFD Goals and Policies is to provide the City staff, the residents of the City, and the owners and developers of property located within the City with guidance in the application for, and consideration of, the establishment of CFD’s for the purpose of financing or assisting in financing the acquisition or construction of public infrastructure or the provision of authorized public services to benefit and serve either existing or new development or a combination thereof. The underlying principles behind this policy are the protection of the public interest, assuring fairness in the application of special taxes to current and future property owners, assuring full disclosure of the existence of any special tax liens, ensuring the creditworthiness of any community facilities district special tax bonds, and assuring that applicants for all community facilities district proceedings other than City initiated pay all costs associated with the formation of any CFD.

City Council Staff Report - Page 2 of 2

FISCAL IMPACT AND FUNDING SOURCE
No fiscal impact.

ATTACHMENT(S)

1. Resolution

2. CORC Mello-Roos Goals and Policies-Final

ITEM 14.2. ATTACHMENT 1
Resolution No. XX-2022 Page 1 of 2

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2022

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, STATE

OF CALIFORNIA, ADOPTING THE CITY OF RANCHO CORDOVA GOALS AND POLICIES CONCERNING THE USE OF THE MELLO-ROOS COMMUNITY FACILITIES ACT OF 1982 WHEREAS, the City of Rancho Cordova (the “City”) has duly considered the advisability and necessity of establishing community facilities districts within the City from time to time under and pursuant to the terms and provisions of the “Mello-Roos Community Facilities Act of 1982,” being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California (the “Act”) and to issue bonds as provided thereunder; and WHEREAS, Section 53312.7 and 53345.8 of the California Government Code requires that the City consider and adopt local goals and policies concerning the use of the Mello-Roos Community Facilities Act of 1982 (the "Act") prior to the initiation of proceedings to establish a new community facilities district ("CFD") under the Act; and WHEREAS, the City has previously adopted goals and policies pursuant to the Act on July 1, 2003; and
WHEREAS, it is necessary to update the goals and policies to provide greater clarity and guidelines pertaining to the formation of CFD's and issuance of bonds; and WHEREAS, the City's guidelines are intended to be applicable to all CFD formations and bond issuances for the funding or construction of City-owned facilities and infrastructure, regardless of the forming entity.

NOW, THEREFORE, BE IT HEREBY RESOLVED THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA that:

Section 1. The City Council hereby finds and determines that the above recitals are true and correct.

Section 2. Pursuant to the Act, the City is hereby authorized to form community facilities district from time to time under the Act.

Section 3. Section 53312.7 and 53345.8 of the California Government Code requires that the City of Rancho Cordova (the "City") consider and adopt local goals and policies concerning the use of the Mello-Roos Community Facilities Act of 1982 (the "Act") prior to the initiation of proceedings to establish a new community facilities district ("CFD") under the Act.

Section 4. This Resolution shall take effect from and after its adoption.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova on the 19th day of December 2022 by the following vote:

AYES:

NOES:

ITEM 14.2. ATTACHMENT 1
Resolution No. XX-2022 Page 2 of 2
ABSENT:

ABSTAIN:

ATTEST:
, Mayor
Stacy Leitner, CMC
City Clerk

1 Goals and Policies
Concerning Use of
MELLO-ROOS COMMUNITY FACILITIES ACT OF 1982
Section 53312.7 and 53345.8 of the California Government Code requires that the City of Rancho Cordova (the “City”) consider and adopt local goals and policies concerning the use of the Mello-Roos Community Facilities Act of 1982 (the “Act”) prior to the initiation of proceeding to establish a new community facilities district under the Act.

The purpose of these Goals and Policies is to satisfy the minimum requirements of the Act and to provide guidance and conditions for the conduct by the City of District proceedings and the issuance of bonds therefor. The policies are intended to be general in nature and the specific details will depend on the nature of each particular financing. These revised goals and policies will be applicable to all CFD formations and bond issuances for the funding or construction of City-owned facilities and infrastructure, regardless of the forming entity.

Community Facilities District laws are found in the Mello-Roos Community Facilities Act of 1982 in the California Government Code, beginning at Section 53311 (the “Mello-Roos Act”).

These Goals and Policies are adopted by the City in compliance with Section 53312.7 of the Mello-Roos Act.

Definitions
Unless the context otherwise requires, the terms employed in the following policies shall have the meanings specified below:
 “Ad Valorem Property Tax” means any source of revenue derived from applying a property rate to the assessed value of property.
 “Bonds” means bonds authorized and issued under the Mello-Roos Act.  “City” means the City of Rancho Cordova.
 “District” means a community facilities district formed under the Mello-Roos Act. The term “District” may also refer to a separate improvement area of the District.  “Lien” means, in the case of public debt imposed on a parcel or parcels, the amount of debt attributable to a parcel or parcels, based on an apportionment of the debt to such parcel or parcels in relation to the probable debt service to be borne by such parcel or parcels.
 “Mello-Roos Act” means the Mello-Roos Community Facilities Act of 1982 (MelloRoos Act) as amended.  “Public Facilities” means improvements authorized to be constructed or acquired under the Mello-Roos Act, including, but not limited to, fees for capital facilities.

ITEM 14.2. ATTACHMENT 2

2  “Public Services” means any service authorized by the Mello-Roos Act.  “Rate and Method of Apportionment (RMA)” means the Rate and Method of Appointment of Special Taxes levied within the Improvement Area  “Special Tax” and “Special Taxes” means a direct levy imposed under the Mello-Roos Act on real property owners within the District.

Goals and Policies
The City has developed the following Goals and Policies on financing facilities and/or services through the formation of Community Facilities Districts, including financing public facilities through the issuance of debt to be repaid from proceeds of Special Taxes levied within the Districts. It is the City's goal to support projects which address a public need and provide a public benefit. Proposed projects requesting Community Facilities District debt financing will be evaluated to determine if such financing is financially viable and in the best interest of the City and current and future City and project residents.

The City may consider District formation for funding Public Facilities and/or Public Services on its own initiative and also will consider developer or property owner-initiated applications requesting the formation of Community Facilities Districts and the issuance of bonds to finance eligible Public Facilities necessary to serve newly developing commercial, industrial and residential projects.

Generally, community serving public facilities will be eligible for this tax-exempt financing program. Facilities will be financed, and Districts formed, in accordance with the then current provisions of the Mello-Roos Act, or any other methodology legally available to the City to finance such improvements.

Priorities for Use of Act
Each time public facilities are to be built or accepted by the City, or a Community Facilities District is formed for the benefit of a development project, and if maintenance requirements will exceed normal City standards and/or if City services will need to be expanded to facilitate the project, the City will require the creation of a maintenance/services District or Home/Property Owners Association suitable to provide such needs. The City may also annex projects into existing maintenance/services Districts. The maintenance/services District may be established pursuant to the provisions of the Mello-Roos Act, or any other methodology legally available to the City to finance such maintenance. The purpose of the services/maintenance District is to fund the ongoing costs of neighborhood greens, public landscaping, police protection services and maintenance not funded by other sources and/or to pay for any unfunded ongoing City maintenance or service costs associated with a development project in the City, all in accordance with the Mello-Roos Act and the formation documents for each particular District.

Existing neighborhoods may petition the City for the use of financing to fund local or neighborhood serving Public Services and/or Public Facilities in accordance with the Mello-Roos Act.

The City shall make the determination as to whether a proposed District shall proceed under the ITEM 14.2. ATTACHMENT 2

3 provisions of the Mello-Roos Act, or any other methodology legally available to the City to finance improvements, services or maintenance. The City may confer with consultants and the applicant to learn of any unique District requirements such as facilities or services serving the regional area or long-term development phasing prior to making any final determination.

All City and consultant costs incurred in the evaluation of new development, District applications, and the establishment of Districts will be paid by the applicant by advance deposit increments. The City shall not incur any non-reimbursable expense for processing Community Facilities Districts. Expenses not chargeable to the District shall be borne by the applicant.

In addition to forming and administering its own Districts, the City may also permit the formation of Community Facilities Districts on land in the City and on its behalf by joint powers authorities of which the City is a member, such as through the California Municipal Finance Authority’s Bond Opportunities for Land Development (BOLD) program. All transactions must abide by these policies.

Eligible Facilities
Public Facilities eligible for District financing are those improvements which benefit properties within a proposed development, and/or will mitigate impacts of that development upon areas of the City outside the proposed development and/or are otherwise determined by the City to be authorized improvements for a District, and which will be owned, operated and maintained by the City or another public agency as approved by the City.

The City has final determination as to any facility's eligibility for financing as well as the prioritization of facilities to be included within a financing District.

Public Services eligible for District financing are those types of services and maintenance activities which benefit properties within a proposed development or area of the City subject to the Special Tax as determined by the City, subject to the limitations and other requirements specified in the Mello-Roos Act.

Value-to-Lien Ratio
The City may sell bonds for the District only if it determines that the value of the real property that would be subject to the special tax to pay debt service will be at least four (4) times the principal amount of the bonds to be sold, any parity bonds and the proportional principal amount of all other bonds outstanding that are secured by a special tax of an overlapping District or bonded special assessment on taxable property within the subject District. Such determination will be based upon the full cash value as shown on the ad valorem assessment roll or upon an appraisal of the subject property made in a manner consistent with policies of the City.

Requirements of a higher value to lien ratio may be imposed by the City and will be determined by City staff with recommendations from bond counsel, municipal advisor, and the underwriter, with consideration of the facts pertaining to each particular project, including diversification of land ownership. Each project will be considered on its own merits.

In addition to the required overall value-to-lien ratio for each District, the City will require a minimum value-to-lien ratio of 2.5 to 1 on a parcel by parcel basis, provided that, in permitting ITEM 14.2. ATTACHMENT 2

4 individual parcels to have a value-to-lien ratio less than 3 to 1, the City will conduct a balanced review of the City’s Development Financing Considerations, as applied to the proposed transaction, as well as the number, sizes and values of such parcels, the significance of the parcels to the entire District, and letter of credit, surety bond, escrow, and other security arrangements offered by the developers or property owners regarding such parcels.

The City may allow exceptions to its value to lien ratio requirements in accordance with the Mello-Roos Act if it finds and determines that the proposed bonds do not present any unusual credit risk due to the availability of credit enhancements or for other reasons determined by the City.

The appraisal shall be coordinated by City CFO or designee, under the direction of and addressed to the City. All costs associated with the preparation of the appraisal report shall be paid by the applicant through the advance deposit mechanism. The appraisal shall be conducted in accordance with criteria, standards and assumptions established by the City, based upon the recommendations for each specific project received from the underwriter and municipal advisor designated by the City. In every case, the appraisal shall reflect recognized appraisal standards for land-secured bond financing. The City prefers that the appraisal be prepared in accordance with the recommendations of the California Debt and Investment Advisory Commission as contained in the Appraisal Standards for Land-Based Secured Financings, and deviations therefrom will only be considered upon recommendation from bond counsel, municipal advisor, the underwriter and/or the appraiser, with consideration of the facts pertaining to each particular project. The appraised land value should include the value attributable to the Public Facilities to be financed by the bonds being issued for the District assuming they have been completed.

Market Absorption Study
The City may require a market absorption study based on consultation with the City’s financing team. In these cases, the City will retain a consultant to prepare a report to verify market absorption assumptions and projected sales prices of the properties subject to the Special Taxes in the District. All City and consultant costs incurred for this study will be paid by the applicant by advance deposit or out of Special Taxes or bond proceeds.

Security
For new development, the applicant or property owner must demonstrate its financial plan to the satisfaction of the City.

If the City requires letters of credit or other credit enhancement, the credit enhancement shall be issued by an institution in a form and upon terms and conditions satisfactory to the City. All fees payable on the letter of credit or other security shall be the sole responsibility of the District applicant or developer, not the City or District. Any security required to be provided by the applicant shall be discharged by the City upon the opinion of a qualified appraiser retained by the City that the value-to-lien ratio has reached an acceptable level as determined by the City or upon meeting other credit criteria established by the City.

ITEM 14.2. ATTACHMENT 2

5 As an alternative to providing security, depending on circumstances:

A. A portion of the bond proceeds may be placed in escrow with a corporate agent in an amount sufficient to assure an acceptable value-to-lien ratio is reached on the escrowed proceeds. The escrowed proceeds shall be released at such times and in such amounts as will assure an acceptable value-to-lien ratio with regard to the aggregate outstanding bonds and other covenants; or
B. The bonds may be issued in series with each series in an amount sufficient to assure an acceptable value-to-lien ratio with regard to the aggregate outstanding bonds and other covenants.

Requirements for Special Tax Formula
The Special Tax formula for each District shall adhere to the following requirements:

A. The maximum Special Tax shall include the annual costs incurred by the City to administer the District, including debt service, City and County administrative expenses, and delinquency coverage in an amount determined appropriate by City staff.

B. The Special Tax formula shall establish tax rates which correspond to the expected land use designation of each parcel.

C. The Special Tax formula shall be structured to ensure sufficient funds to pay for annual debt service and administrative expenses of the District.

D. A backup Special Tax or other mechanism to protect against changes in densities resulting in insufficient annual Special Tax revenues to pay annual debt service and administrative expenses shall be required.

E. The City may, at its sole discretion, provide for an annual escalation factor on residential parcels, not to exceed two percent (2%) of the Maximum Special Tax for Facilities Districts in effect for the prior fiscal year. For Special Taxes levied to pay for public services, and for Special Taxes levied on non-residential properties to pay for public infrastructure, the City may provide for an annual escalation factor that is the lesser of (i) the increase from the prior fiscal year, if any, in the Local Consumer Price Index (CPI) for the San Francisco-OaklandHayward Area for All Urban Consumers, or (ii) four percent (4%) of the Maximum Special Tax in effect for the prior fiscal year, unless otherwise negotiated in the RMA.

The maximum annual Special Tax submitted to the qualified electors of the District, when added together with all the annual payment requirements of overlapping debt and bonded assessments, and ad-valorem property taxes, shall not exceed one and three-fourths percent (1.75%) of the anticipated (as developed) fair market value of the subject properties, based on projected home prices at time of District formation.

ITEM 14.2. ATTACHMENT 2

6 The City shall retain a Special Tax consultant to prepare a report which:

A. Recommends a Special Tax formula for the proposed District.

B. Evaluates the Special Tax proposed to determine its ability to adequately fund identified public facilities, City administrative costs, public services (if applicable) and other related expenditures. Such analysis shall also address the resulting aggregate tax burden of all proposed Special Taxes plus existing Special Taxes, ad valorem taxes, and assessments on the properties within the District.

The Rate and Method of Apportionment of Special Taxes (RMA) shall be designed to ensure sufficient revenues are produced in case of final development at lower densities than anticipated.

C. Consultants of the City for the District shall comply with the existing policies of the Fair Political Practices Commission and the California Government Code.

For bonded Districts, the City may retain a municipal advisor who will review the Special Tax formula and other financial documents to determine that the documents have been prepared in a manner that does not adversely impact the City’s financial position, District bonding capacity or credit rating. The municipal advisor will confirm the findings of the Special Tax consultant that the proposed Special Taxes are sufficient to fund all the future costs of the District. Costs incurred for these consultants will be paid by the applicant by advance deposit increments and may be reimbursed from bond proceeds or Special Tax collections.

Bonds Terms & Conditions
All terms and conditions of the bonds shall be established by the City and included in the Fiscal Agent Agreement. The City or a designated fiscal agent will control, manage and invest all District-issued bond proceeds designated for use on improvements. Each bond issue shall be structured to adequately protect bond owners and to not adversely impact the bonding capacity or credit rating of the City through the Special Taxes or assessments, credit enhancements, foreclosure covenant and reserve fund. Unless otherwise authorized by the City, the following shall serve as bond requirements:

A. If required, a reserve fund amount equal to the lesser of ten percent (10%) of the initial bond principal, or maximum annual debt service on the bonds, or one hundred twenty-five percent (125%) of average annual debt service, or as otherwise provided by Federal tax law. If agreed by the City (in consultation with its municipal advisor) and the underwriter, an insurance policy or reserve surety may be purchased in lieu of a funded reserve.

B. The Special Taxes shall be levied beginning in the first fiscal year in which property in the District is classified as “Developed Property,” as defined in the RMA. The amount of capitalized interest, if any is permitted or required, will ordinarily be limited to the amount of interest payable on the bonds prior to receipt of the first collection of the Special Taxes. The City may consider an increasing annual debt service by approximately two percent (2%) per year up to ITEM 14.2. ATTACHMENT 2

7 the maximum allowable escalation period, as noted in part C. This escalation may apply to aggregate bonds in a District that has multiple series. Determination of this shall be made by the City’s CFO.

C. The maximum allowable debt service escalation period shall not exceed approximately twenty (20) years from the first series of bonds. Bond amortization shall not exceed a period of approximately thirty-one (31) years.

D. The maximum Special Tax shall be established to ensure that the annual revenue produced by levy of the maximum Special Tax net of priority administration shall be equal to at least one hundred ten percent (110%) of the corresponding annual debt service.

E. In instances where multiple series of bonds are to be issued, the City may require the first series to include Public Facilities of highest priority as determined by the City to be appropriate for initial development.

F. Any development impact fees funded through the issuance of bonds must have an active Capital Improvement Program which expects that the revenues collected through the payment of impact fees will be used to acquire and/or construct the public infrastructure within three years of the issuance of bonds. This determination will be made by the City at the time of bond issuance.

G. All statements and materials related to the sale of bonds shall emphasize and state that neither the good faith, nor the taxing power of the City, is pledged to security or repayment of the bonds. The sole source of revenues to secure bonds are Special Taxes.

District Costs, Reimbursements, and Agreements
All City and consultant costs incurred in the formation, evaluation and administration of District applications and the establishment of Districts will be paid by the applicant by advance deposit increments. The City shall not incur any non-reimbursable expenses for processing and administering Districts. Expenses not chargeable to the District shall be directly borne by the applicant.

Funds to reimburse costs and expenses incurred by the City shall be billed to the applicant and the applicant shall pay each invoice within sixty (60) calendar days of receipt of such notice. If the applicant fails to make any payment of funds for the proceedings, the City may suspend all proceedings until receipt of such additional deposit.

For Districts financing Public Facilities, except as otherwise provided herein, the applicant shall be entitled to reimbursement for reasonable costs and expenses incident to the construction of the Public Facilities as provided under the Mello-Roos Act, provided that all such costs and expenses are determined by the City to be necessary and reasonable.

The applicant or property owner shall not be entitled to reimbursement from bond proceeds for any of the expenses specified as follows:

ITEM 14.2. ATTACHMENT 2

8 A. In-house administrative and overhead expenses incurred by the applicant not authorized by the City;
B. Interest expenses incurred by the applicant on moneys advanced or expended during the proceedings and construction of Public Facilities; and C. Any other costs and expenses incurred by the applicant which are not otherwise authorized for reimbursement under the Mello-Roos Act.

Neither the City, nor the District, shall be required to reimburse the applicant or property owner from any funds other than the proceeds of bonds issued by the City for a District and pay-as-yougo Special Taxes. The use and terms of any pay-as-you-go reimbursement shall be at the discretion of the City’s CFO or such other person or persons as may be designated.

Agreements will be prepared incidental to District formation proceedings in a form satisfactory to the City and consistent with these policies. These agreements may include, but not be limited to:

A. Funding, Construction and Acquisition Agreement;
B. Joint Community Facilities Agreements with any other public agency entitled to receive any portion of the bond proceeds or entitled to own and operate any of the public facilities financed by bond proceeds; and
C. Deposit and Reimbursement Agreement.

As a condition to the issuance and sale of bonds, all of the agreements specified shall be duly approved and executed by the parties thereto and reviewed and approved by bond counsel, who shall determine if each agreement shall also be approved by the City Council.

Use of Consultants
The City shall have the sole discretion as to selection of consultants and determination of fees and expenses of all consultants necessary for the formation of the District and the issuance of bonds, including the underwriter(s), bond counsel, municipal advisor, appraiser, trustee, paying agent, market absorption study consultant, and the Special Tax consultant after reasonable consultation with the applicant. Prior consent of the applicant shall not be required in the determination by the City of the consulting and financing team. The City shall also be responsible for determining the structure of the bonds to be issued, including the method of sale (negotiated or competitive), the need for bond ratings, investment of bond proceeds, and all other terms and conditions incidental to structuring and closing a bond issuance and distribution of proceeds, including pay-as-you-go funding, if any, in the form of reimbursement to developer from excess (after debt service and District administration) Special Tax collections, or otherwise as determined by the City’s CFO or such other person or persons as may be designated.

Acquisition Provisions
The City, at its sole discretion, will determine the Public Facilities to be acquired and the method ITEM 14.2. ATTACHMENT 2

9 of determining reasonable acquisition costs, which shall be set forth in the Funding, Construction and Acquisition Agreement. Applicable bidding and prevailing wage requirements are extensive and will be addressed during the preparation of the Funding, Construction and Acquisition Agreement.

Disclosure to Purchasers
The applicant or property owner will be required to demonstrate to the satisfaction of the City that, to the best of their abilities, there will be full disclosure of the Special Taxes to prospective purchasers of property including interim purchasers and sales to merchant builders. In addition to all requirements of law, the City may require the applicant to provide additional disclosure of such information as the City deems appropriate to the purchasers of property within the District, with respect to the existence of the District, maximum and/or backup Special Taxes to be levied within the District, facilities to be constructed, the foreclosure process and the terms and conditions of bonds issued on behalf of the District. Such disclosure shall include home buyer notifications requiring signature prior to home purchases, as well as methods to notify subsequent home purchasers.

Upon request, the Finance Department will provide a “Notice of Special Tax” to sellers of real property subject to the levy of Special Taxes as required by Government Code Section 53340.2.

Property Owner Support
In the instance of multiple property owners, the applicant shall be required to produce letters evidencing other property owners' support for the scope and establishment of the District. The applicant must have concurrence of 2/3 vote of the property owners to be included in a Community Facilities District unless the City accepts moving forward based on special circumstances.

Land Use Approvals
Properties proposed for inclusion in a District must possess a land use determination such that proposed development land use and specific facility requirements can support the proposed Special Tax. The City will accept applications for Mello-Roos financing for residential properties primarily when they are included in an approved specific plan or City planning area.

Application Process
Early communication with the City is encouraged to assist applicants in evaluating the feasibility of available financing programs and to discuss program procedures.

1. PREAPPLICATION CONFERENCE: Applicant meets with City to discuss the proposed project and application procedures.

2. PROJECT REVIEW: Applicant and City staff meet to discuss initial application, including any issues raised and further information that might be required. If necessary, Applicant submits revised application.

ITEM 14.2. ATTACHMENT 2

10 3. PROJECT INITIATION: Applicant, staff and consultants meet to determine preliminary project schedule and begin work necessary to initiate District formation.

4. PROJECT IMPLEMENTATION: The resolution of intention is approved by Council action in order to move forward to the formation hearing. Once the District is formed, bonds can be issued (if forming a District for Public Facilities).

Use of Alternative Land Secured Financing Programs
The City participates in alternative land secured financing programs ideal for smaller development projects with financings below $5 million. City staff will work developers to determine the most efficient manner in which to finance public infrastructure and/or development impact fees for a specific development project. The guidelines pertaining to the use of these financing programs were adopted by City Resolution 162-2018 and are attached as Exhibit A.

Application of Goals & Policies
The City may find that a waiver of any of the above stated policies is reasonable given identified City benefits to be derived from such waiver. Such waivers may be granted with or without action of the City Council, as determined appropriate by the City’s CFO. Approval by the City Council of formation of a District and/or issuance of bonds for a District constitutes a determination that a District conforms to the provisions of these Goals and Policies and, if applicable, that a waiver of any provision hereof is appropriate, and shall be conclusive evidence of such conformity.

These Goals and Policies may be reviewed and may be amended from time to time, as determined by the City to be appropriate in the light of changing conditions affecting the City and its real estate market and changes in practices among other communities in the region.

Exhibit A: Guidelines for the Use of Alternative Land Secured Financing Programs per Resolution 162-2018
ITEM 14.2. ATTACHMENT 2

ITEM 14.2. ATTACHMENT 2

MEMORANDUM
City Council Staff Report - Page 1 of 3

ITEM 14.3.

DATE: December 19, 2022
TO: Honorable Mayor and Council Members
FROM: Michelle Mingay, Senior Finance Analyst
SUBJECT: A RESOLUTION MAKING CERTAIN FINDINGS AND
DETERMINATIONS RELATED TO, AND ACCEPTING, THE FY 2021-
22 DEVELOPMENT IMPACT FEE REPORT FOR AB1600

DEVELOPMENT FEES

RECOMMENDATION
Adopt the Resolution.

RESULT OF RECOMMENDED ACTION
Adoption of the Resolution would approve the annual Development Impact Fee Report prepared in accordance with California Government Code Section 66000, et seq. and ensures the City remains in compliance with AB1600 reporting requirements.

BACKGROUND
State Law (California Government Code Section 66006) requires each local agency that imposes AB 1600 development impact fees to prepare an annual report providing specific information about those fees. AB 1600's legal requirements stipulate that the fees imposed on new development have the proper nexus to any project on which they are imposed. In addition, AB 1600 imposes certain accounting and reporting requirements with respect to the fees collected. The fees, for accounting purposes, must be segregated from the general fund or the City and from other funds or accounts containing fees collected for other improvements. Interest on each development fee fund or account must be credited to that fund or account and used only for the purposes for which the fees were collected.

California Government Code Section 66006(b)(1) requires that for each separate account or fund, the local agency shall, within 180 days after the last day of the fiscal year, make available to the public the following information for the fiscal year:
 A brief description of the type of fee in the account or fund  The amount of the fee
 The beginning and ending balance of the account or fund  The amount of the fees collected and interest earned

City Council Staff Report - Page 2 of 3

 An identification of each public improvement on which fees were expended and the amount of expenditures on each improvement including the total percentage of the cost of the public improvement that was funded with fees
 An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement  A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, the date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan  The amount of refunds made due to sufficient funds being collected to complete financing on incomplete public improvements, and the amount of reallocation of funds made due to administrative costs of refunding unexpended revenues exceeding the amount to be refunded
California Government Code Section 66001(d)(1) requires the local agency make all of following findings every fifth year with respect to that portion of the account remaining unexpended, whether committed or uncommitted:
 Identify the purpose to which the fee is to be put
 Demonstrate a reasonable relationship between the fee and purpose for which it is charged
 Identify all sources and amounts of funding anticipated to complete financing in incomplete improvements
 Designate the approximate dates on which the funding is expected to be deposited into the appropriate account or fund
 In any action imposing a fee as a condition of approval of a development project by a local agency, the local agency shall determine how there is a reasonable relationship between the amount of the fee and the cost of the public facility or portion of the public facility attributable to the development on which the fee is imposed If the agency no longer needs the funds for the purposes collected, or if the agency fails to make required finding, or perform certain administrative tasks prescribed by AB 1600, the agency may be required to refund, on a prorated basis to owners of the properties upon which the fees for the improvement were imposed, the monies collected for that project and any interest earned on those funds.

The FY 2021-22 Development Impact Fee Report (the “Report”) has been prepared to meet the annual reporting requirements only since the required five year findings were made in 2019, with the adoption of Resolution 133-2019, and therefore will not be required to be made again until 2024. It should also be noted that the Report includes fees that were in place on June 30, 2022 and does not necessarily represent current fee levels since any fee adjustments after June 30th will be captured in the FY 2022-23 Development Impact Fee Report.

The report must be reviewed by the City Council at a regularly scheduled public meeting, not less than 15 days after the information is made available to the public. In addition, notice of the time and place of the meeting shall be mailed at least 15 days prior to the meeting to any interested party who files a written request with the local agency for such a mailed notice, of

City Council Staff Report - Page 3 of 3

which the City has none. The report was posted to the City’s website and available for public review on December 2, 2022.

FISCAL IMPACT AND FUNDING SOURCE
Ongoing compliance with AB 1600 reporting requirements will allow the City to continue to collect fees from developers to ensure that new development is providing new infrastructure or funds to ensure that their impact upon the City is funded by the development, not by existing residents.

ATTACHMENT(S)

1. Resolution

2. Exhibit A to the Resolution - FY 2021-22 AB1600 Report

ITEM 14.3. ATTACHMENT 1
Resolution No. XX-2022 Page 1 of 3

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2022

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, STATE

OF CALIFORNIA, MAKING CERTAIN FINDING AND DETERMINATIONS RELATED TO, AND ACCEPTING, THE FY 2021-22 PUBLIC FACILITIES FEE REPORT FOR AB 1600

DEVELOPMENT FEES
WHEREAS, the City of Rancho Cordova imposes fees to mitigate the impacts of development, pursuant to Government Code section 66000 et seq.; and WHEREAS, in accordance with California Government Code section 66006(a), the City has established and maintained separate funds for each development impact fee in a manner to avoid any commingling of the fees with other revenues and funds of the City, except for temporary investments, and has expended those fees solely for the purpose for which the fees were collected; and

WHEREAS, California Government Code section 66006(b)(1) requires cities to prepare and make available to the public a report describing each development impact fee and providing details related to its use within one hundred eighty (180) days after the last day of each fiscal year; and

WHEREAS, the Development Impact Fee Report, for the Fiscal Year Ending June 30, 2022, (the “Report”), attached hereto as Exhibit A, provides a description of each fee, its amount, and various information required by Government Code section 66006(b)(1) to be reported on an annual basis; and
WHEREAS, the Report provides information required by Government Code sections 66001 and 66006 for the following approved development impact fees:
 Community Facilities Fee Program: On April 1, 2013, the City Council approved Resolution No. 38-2013 updating the Community Facilities Fee Program, which was originally established in 2004 and updated in 2005, to fund a portion of the future municipal facilities required to serve an increased City population due to anticipated future development; and
 Sunrise Douglas Community Plan Development Impact Fees: On June 21, 2004, the City Council approved Resolution No. 79-2004 establishing the Sunrise Douglas Community Plan Development Impact Fee Program to finance the required roadways, supplemental offsite water, interim sewer, park and library facilities necessary to service development in the Sunridge Specific Plan, as well as defray the cost of routine administration of the Sunrise Douglas Community Plan Development Fee Program; and  Transportation Development Impact Fee Program: On December 19, 2005, the City Council approved Ordinance 33-2005 establishing a Transportation Development Impact Fee (TDIF) Program to finance transportation improvements necessary to offset the impact on the City’s transportation system of new development in the City, to ensure that adequate funding is provided for improvements required to meet the demands of such new development, and to fund administration of the Fee Program. An update to the TDIF was approved by the City Council on February 7, 2022 with the approval of Resolution 15-2022; and

ITEM 14.3. ATTACHMENT 1
Resolution No. XX-2022 Page 2 of 3
 Storm Drainage Impact Fee Program: On October 5, 2020 , the City Council approved Ordinance 15-2020 establishing the Storm Drainage Impact Fee Program to finance major storm drainage improvements necessary to offset the impacts of new development in the City, to ensure that adequate funding is provided for improvements required to meet the demands of such new development, and to fund administration of the Fee Program; and  Measure A – Transportation Improvement Impact Fee: On January 20, 2009, the City Council approved Ordinance No 1-2009 establishing development impact fees for Measure A Transportation Improvements. The impact fees were established to provide funding for public facilities needed to serve the City, which facilities are described in the Measure A expenditure plan and the Measure A nexus study. The Measure A impact fee is collected by the City and remitted to the Sacramento Transportation Authority, which administers the impact fee program; and
 Sacramento Regional Transit District (SacRT) Development Impact Fee Program: On April 2, 2018, the City Council approved Ordinance 5-2018 establishing the Sacramento Regional Transit District (SacRT) Development Impact Fee Program, as outlined in the Sacramento County Roadway and Transit Capital Improvement Programs adopted by the City Council with Resolution 38-2018. The City collects and remits the impact fee to SacRT who is then responsible for programing and expending the funds on an annual basis, and
 Housing Trust Development Impact Fee: On December 1, 2003, the City Council approved Ordinance No. 26-2003 continuing the Housing Trust Development Impact Fee in effect when the City incorporated, which is to be used to finance municipal public facilities to reduce the impacts caused by future developments in the Rancho Cordova area on the housing stock, including but not limited to very low income housing facilities.

WHEREAS, California Government Code Section 66006(b)(2) requires that the governing body of the City review the information made available to the public at a regularly scheduled public meeting not less than 15 days after the information is made available to the public; and

WHEREAS, the Report was made available to the public on the City's website on December 4, 2022; and

WHEREAS, on December 19, 2022, the City Council reviewed the report and approved it pursuant to Government Code sections 66001 and 66006.

NOW, THEREFORE, BE IT HEREBY RESOLVED THE CITY COUNCIL OF THE CITY

OF RANCHO CORDOVA
Section 1. The City Council does hereby find and determine that the foregoing recitals and determinations are true and correct.

Section 2. The City Council has reviewed the Report and finds that it complies with California Government Code section 66006(b), setting the requirements for fiscal year reporting for development impact fees. The City Council finds that the Report provides the following required information:

1. A brief description of the type of fee in the account or fund (Report pg. 4-6);

2. The amount of the fee (Report pg. 6-9);

3. The beginning and ending balance of the account or fund (Report pg. 10-12);

4. The amount of the fees collected and interest earned (Report pg. 13-24);

ITEM 14.3. ATTACHMENT 1
Resolution No. XX-2022 Page 3 of 3

5. An identification of each public improvement on which fees were expended and the amount of expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees (Report pg. 28-30);

6. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement (Report pg. 28-30);

7. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, the date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan (Report pg. 25-26); and

8. The amount of refunds made due to sufficient funds being collected to complete financing on incomplete public improvements, and the amount of reallocation of funds made due to administrative costs of refunding unexpended revenues exceeding the amount to be refunded (Report pg. 27).

Section 3. The City Council hereby finds that all reportable fees, collections and expenditures have been received, deposited, invested and expended in compliance with the relevant sections of the California Government Code and all other applicable laws for the fiscal year 2021-22.

Section 4. The City Council hereby finds that no refunds and allocations of reportable fees, as required by California Government Code section 66001, are deemed payable at this time.

Section 5. The City Council hereby finds the City is in compliance with California Government Code section 66000, et seq., relative to receipt, deposit, investment, expenditure or refund of reportable fees received and expended relative to the individual impact fee programs in place for new development in fiscal year 2021-22.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova on the 19th day of December 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:
, Mayor
Stacy Leitner, CMC
City Clerk

City of Rancho Cordova
Development
Impact Fee
Report
Public Review Draft
Fiscal Year Ending
June 30, 2022
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

City of Rancho Cordova
Development Impact Fee Report

Table of Contents
Legal Requirement ........................................................................................................................... 1 Description of Development Impact Fee(s) ............................................................................. 4 Current Fee Schedule ..................................................................................................................... 6 Development Impact Fee Reports
Financial Summary Report - Current Year Activity ..........................................................10 Statement of Revenue, Expenditures and Change in Fund Balance Community Facility Fee (CFF) Impact Fee Program
Community Facilities....................................................................................................... 13 Library .................................................................................................................................. 14 Sunrise Douglas (SD) Impact Fee Program
Interim Sewer..................................................................................................................... 15 Supplemental Offsite Water ......................................................................................... 16 Roadway.............................................................................................................................. 17 Program Administration................................................................................................. 18 Traffic Mitigation Impact Fee Program .........................................................................19 Storm Drainage Impact Fee Program
Drainage Facilities........................................................................................................... 20 Administration .................................................................................................................. 21 Measure A Transportation Improvement Fee Program................................................. 22 Sacramento Regional Transit Fee Program ………………………………………………………………..23 Housing Trust Development Impact Fee Program.......................................................... 24 Notes to the Annual Development Impact Fee Report ....................................................... 25 Development Fee Project Identification .................................................................................. 28 Resolution No. XX-2022 ................................................................................................................ 31 ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

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City of Rancho Cordova
Development Impact Fee Report
Legal Requirements
A. REQUIREMENTS FOR DEVELOPMENT IMPACT FEES
State law (California Government Code Section 66006) requires each local agency that imposes AB 1600 development impact fees to prepare an annual report providing specific information about those fees. Within the AB1600 legal requirements, it stipulates that fees imposed on new development have the proper nexus to any project on which they are imposed. In addition, AB1600 imposes certain accounting and reporting requirements with respect to the fees collected. The fees, for accounting purposes, must be segregated from the general funds of the City and from other funds or accounts containing fees collected for other improvements. Interest on each development fee fund or account must be credited to that fund or account and used only for the purposes for which the fees were collected.

Current California Government Code Section 66006(b) requires that for each separate fund the local agency shall, within 180 days after the last day of each fiscal year, make available to the public the following information for the fiscal year:
• A brief description of the type of fee in the account or fund. • The amount of the fee.
• The beginning and ending balance of the account or fund. • The amount of the fees collected and interest earned. • An identification of each public improvement on which fees were expended and the amount of expenditures on each improvement including the total percentage of the cost of the public improvement that was funded with fees. • An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement. • A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, the date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan. • The amount of refunds made due to sufficient funds being collected to complete financing on incomplete public improvements, and the amount of reallocation of funds made due to administrative costs of refunding unexpended revenues exceeding the amount to be refunded.

California Government Code Section 66001(d) requires the local agency make all of following findings every fifth year with respect to that portion of the account remaining unexpended, whether committed or uncommitted:
• Identify the purpose to which the fee is to be put.
• Demonstrate a reasonable relationship between the fee and purpose for which it is charged.
• Identify all sources and amounts of funding anticipated to complete financing in incomplete improvements.

ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

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City of Rancho Cordova
Development Impact Fee Report
• Designate the approximate dates on which the funding is expected to be deposited into the appropriate account or fund.
• In any action imposing a fee as a condition of approval of a development project by a local agency, the local agency shall determine how there is a reasonable relationship between the amount of the fee and the cost of the public facility or portion of the public facility attributable to the development on which the fee is imposed.

B. ADDITIONAL NOTES
The State of California Government Code Section 66002 requires local agencies that have developed a fee program to adopt a Capital Improvement Plan (CIP) indicating the approximate location, size and timing of projects, plus an estimate for the cost of all facilities or improvements to be financed by fees. A formal CIP is recommended, at a minimum, as a five-year plan. The City annually produces a five-year CIP which provides program summary information for the City’s various capital improvement funding programs, as well as project summary information (revenue, expenditures and project schedule) for the specific projects selected for implementation during the CIP period. The CIP describes the five-year plan for allocating funds from the Impact Fee Programs, Measure A Transportation Sales Tax, State and Federal Grants, Gas Tax, Roadway Funds, Supplemental Transportation Fees, Storm Water Utility Tax and Transit Related Service Area Tax. A copy of the City’s most recent CIP was adopted as part of the biennial budget document and can be found under the Finance Department page on the City’s website at www.cityofranchocordova.org.

The CIP relates the City’s annual capital expenditures to a long-range plan for public improvements. By relating the plan for public improvements to the City’s capacity for funding, and scheduling expenditures over a period of years, the CIP helps maximize the funds available. This type of fiscal management is important during periods where budgetary demands exceeding financial resources.

C. ESTABLISHING A REASONABLE RELATIONSHIP BETWEEN THE FEE AND THE PURPOSE

FOR WHICH IT IS CHARGED
The Development Impact Fee Program has been in effect in Rancho Cordova since incorporation in fiscal year 2003/04. The Development Impact Fee Program consists of multiple components which were individually adopted by the City Council. The program sets forth the relationship between contemplated future development, facilities needed to serve future development and the estimated costs of those improvements based on the current General Plan for build-out.

The City’s Capital Improvement Plan (CIP) projects are financed, in part, by the development impact fees outlined in the description of the development impact fees on the following pages. The City’s CIP provide infrastructure to the residents and businesses in Rancho Cordova in order to keep pace with ongoing development in, and adjacent to, the community. Estimated project costs, and the summary of fee apportionment to each ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

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City of Rancho Cordova
Development Impact Fee Report
development fee type, are detailed within the adopted Nexus Studies establishing the individual Development Impact Fee program(s) and are on file with the City Clerk’s Office.

Information on projects in the Development Impact Fee Program(s) can be found on pages 28-30. The information in these tables include: Current Projects, Project Phase, Construction Estimated Start Date, Construction Estimated Completion Date, Estimated Project Cost and Development Fee information including Funding to Date, Budget to Date and % of Total Project Cost.

D. FUNDING OF INFRASTRUCTURE
The 2020/21 - 2024/25 Capital Improvement Plan (CIP) identifies all funding sources and amounts for individual projects through 2024/25. The CIP is updated annually to reflect the current infrastructure needs of the City. As a CIP project is identified, the project is evaluated to determine the portion of the project that will service existing residents and businesses versus new development.

Once the determination of use is made, the percentage of use attributable to new development is then funded by the appropriate development fee, based on the type of project. The percentage of use associated with existing residents or businesses are funded from other appropriate sources as identified on each individual project sheet in the CIP. All future planned infrastructure needs are outlined in the Development Impact Fee Program(s).

The funding and commencement dates for projects are adjusted, as needed, to reflect the needs of the community.

E. CURRENT PROJECTS
Construction is currently underway on the following projects:
• CP07-2032 – Douglas Road, Americanos Blvd to Grantline Road • CP20-2210 – Chrysanthy Blvd Phase II
• CP22-2220 - Chase Drive and American River Connection • CP22-2228 - White Rock Road Improvements Phase II
• CP22-2222 - Sidewalk, Curb and Gutter Maintenance
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

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City of Rancho Cordova
Development Impact Fee Report
Description of Development Impact Fee(s)
Community Facilities Fee (CFF) Program – This program was established by the City to cover the costs of municipal facilities required to serve an increased population as a result of new development. The city has identified these facilities to include a city hall, a police station, a community center, a city corporation yard, a city museum, a parking structure, library facilities and ongoing administration of the CFF program. The fee program was updated in April 2013 and combined fee components from the City’s 2004 and 2005 Fee Studies into a single fee category while continuing to report the library fee separately since the City is holding these funds on behalf of the Sacramento Public Library Authority.

Community Facilities Impact Fee – To provide for new development’s share of the cost of municipal facilities, furnishing and equipment required to service the City.

Library Impact Fee – To provide for new development’s share of the cost of a library building, furnishings, equipment, books, financing, and the purchase of land.

Sunrise Douglas (SD) Impact Fee Program – These specific plan development impact fees are imposed on development in the Sunridge Specific Plan (SRSP), which is part of the Sunrise Douglas Community Plan (SDCP) development area. It includes additional fees for fee program updates, interim sewer facilities, park development improvements, supplemental offsite water facilities, roadways improvements, transit shuttles, and administration of the fee program. These funds can only be spent on facilities in the SDCP Capital Improvement Plan (CIP) to mitigate impact as a result of development in the SDCP area.

SD Interim Sewer Impact Fee – To provide funding for the construction of interim sewer facilities to serve the SRSP area. Upon application by the property owner or his authorized agent, the City may authorize the construction of any interim sewer facilities, or portions thereof, as designated in the SDCP Impact Fee Program in lieu of all, or a portion of, the required interim sewer development fee.

SD Supplemental Offsite Water Impact Fee – To provide funding for the construction of offsite water improvements to serve the SRSP area. Upon application by the property owner or his authorized agent, the City may authorize the construction of any offsite water facilities, or portions thereof, as designated in the SDCP Impact Fee Program in lieu of all, or a portion of, the supplemental offsite water development fee.

SD Roadway Impact Fee – To provide funding to construct roads, intersections, and other roadway improvements in the SDCP CIP needed to mitigate the impacts of new development within the SRSP area. Upon application by the property owner or his authorized agent, the City may authorize the construction of any roadway facilities, or portions thereof, in order of priority as designated on the priority list in the SD Impact Fee Program. The developer will then either be reimbursed for these costs from fees collected from other developers in the SDCP area, only to the extent the funds are available, or a credit for such in lieu construction will be provide to the property owner to be used within the SDCP area.

ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

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City of Rancho Cordova
Development Impact Fee Report
SD Administration Impact Fee – To provide funding for the administrative duties associated with the SD Impact Fee program.

Traffic Mitigation Impact Fee – This development impact fee is a citywide fee imposed on new development in the City to cover the fair share cost of traffic impacts resulting from new development, including program administration. The funds collected will be used for construction of the transportation improvements listed in the Transportation Capital Improvement Plan (CIP) Development Impact Fee Program.

Upon application by the property owner or his authorized agent, the City may authorize the construction of any transportation facilities, or portions thereof, in order of priority as designated on the priority list for the transportation impact fee program. The developer will then either be reimbursed for these costs from fees collected from other developers, only to the extent the funds are available, or a credit in lieu of all, or a portion of the required transportation impact fee.

Storm Drainage Impact Fee Program – This development impact fee is a citywide fee imposed on new development in the City to cover the fair share cost of major drainage facilities, including program administration.

Storm Drainage – Facilities Fee – All development that contributes to stormwater runoff to the public drainage system is required to pay a drainage impact fee to offset the cost of trunk and regional drainage facilities necessitated by development. Upon application by the property owner or his authorized agent, the City may authorize the construction of any major drainage facility designated in the Storm Drainage Impact Fee Program. If the approved facility is sized to serve more than just the property owners project or if the facility will serve a regional purpose, the developer may qualify for fee credits. The credits are not intended to fully compensate developers for the drainage facilities.

Storm Drainage – Administration Fee – To provide funding for the administrative duties associated with the Storm Drainage Impact Fee program.

Measure A – Transportation Improvement Impact Fee – A impact fee established to provide funding for public facilities to serve the City, which facilities are described in the Measure A expenditure plan and the Measure A nexus study. The Measure A impact fee is collected by the City and remitted to the Sacramento Transportation Authority, which administers the countywide Measure A program.

Sacramento Regional Transit (SacRT) Impact Fee – A impact fee established to provide funding for public facilities to serve the City, which facilities are described in the Sacramento Regional Transit expenditure plan and nexus study. The SacRT impact fee is collected by the City and remitted to the Sacramento Regional Transit District, which administers the program.

ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

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City of Rancho Cordova
Development Impact Fee Report
Housing Trust Development Impact Fee – A non-residential impact fee used to offset some of the increased burden of need for very low-income housing, created by the construction of non-residential uses, which employ a significant number of low wage earners.

Current Fee Schedule
The Development Fee program is reviewed periodically to ensure the Development Impact Fee Program is accounting for all planned future development. The updated Development Impact Fee Program information is then used to determine the amount of fees available for the funding of the proposed capital improvement projects identified in the development of the five-year Capital Improvement Plan (CIP).

Single Family Multi-Family Office Commercial
Per Unit Per Unit Per Sq. Ft Per Sq. Ft
Sunrise Douglas (SD) Impact Fees:

Interim Sewer 753.59 565.19 0.15 0.08
Park* 11,473.51 9,037.49 n/a n/a
Supp. Offsite Water 1,092.27 818.93 0.34 0.40
Traffic Mitigation 8,405.99 4,709.93 9.52 13.79
Program Admin 384.45 228.53 0.36 0.53
Total Fees $22,109.81 $15,360.07 $10.37 $14.80
* Park Development Fees vary by Development Agreement
Residential Non-Residential
Fee Category

SUNRISE DOUGLAS (SD) IMPACT FEES
at June 30, 2022
Single Family Multi-Family Office Commercial Industrial Per Unit Per Unit Per Sq. Ft Per Sq. Ft Per Sq. Ft
Community Facility Impact Fees:

Community Facilities 3,753.21 2,932.60 0.94 0.57 0.24
Library 768.72 601.15 n/a n/a n/a
Total Fees $4,521.93 $3,533.75 $0.94 $0.57 $0.24

COMMUNITY FACILITIES IMPACT FEES
Residential Non-Residential
Fee Category
at June 30, 2022
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

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City of Rancho Cordova
Development Impact Fee Report
Traffic Mitigation Impact Fees
Residential [1]
Single Family > 1,200 SF 11,637.00 19,225.00
Single Family < 1,200 SF 7,770.00 16,918.00
Multi-Family 6,169.00 10,958.00
Age Restricted - Single Family 3,491.00 5,768.00
Age Restricted - Multi Family 3,026.00 4,999.00
Non-Residential
Commercial [2] 11.20 14.23
Office [2] 10.68 10.93
Industrial [2] 5.49 5.63
Miscellaneous
Church [2] 3.96 6.54
Gasoline/Service Station [3] 12,335.00 20,379.00
Hotel/Motel [4] 3,607.00 5,960.00
Mobile Home Park [5] 5,353.00 8,844.00
1 - Per Dwelling Unit 4 - Per Room
2 - Per Square Foot 5 - Per Unit
3 - Per Position
at June 30, 2022
Infill Area Growth Area
Residential Office Hotel
Research &
Development Commercial Manufacturing Warehouse
Per Sq. Ft Per Sq. Ft Per Sq. Ft Per Sq. Ft Per Sq. Ft Per Sq. Ft Very Low Income Housing Impact Fee
Impact Fee n/a 0.97 0.92 0.82 0.77 0.61 0.26
Program Admin n/a
Non-Residential
Fee Category
Between $30 and $100 as determined by Plan Review

VERY LOW INCOME HOUSING IMPACT FEES
at June 30, 2022
Single
Family
MultiFamily Commercial Bus & Prof Industrial Office
Per Unit Per Unit Per Sq. Ft Per Sq. Ft Per Sq. Ft Per Sq. Ft Sacramento Regional Transit (SacRT) Fee
Transit Development 175.00 356.00 0.77 0.70 0.16 0.45
Program Admin 3.50 7.12 0.02 0.01 0.00 0.01
Total Fees $178.50 $363.12 $0.79 $0.71 $0.16 $0.46
SACRAMENTO REGIONAL TRANSIT (SacRT) IMPACT FEES
at June 30, 2022
Residential Non-Residential
Fee Category
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

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City of Rancho Cordova
Development Impact Fee Report
Percent
Impervious
Construction
Cost/Acre
Administrative
Cost/Acre
Total
Fee/Acre
Commercial/Office/Retail1 70% $ 23,412.00 $ 937.00 $ 24,349 Industrial 70% $ 23,412.00 $ 937.00 $ 24,349
High Density Residential
RMH 75% $ 25,086.00 $ 1,004.00 $ 26,090
RD-302 70% $ 23,412.00 $ 937.00 $ 24,349
RD-25 70% $ 23,412.00 $ 937.00 $ 24,349
RD-20 70% $ 23,412.00 $ 937.00 $ 24,349
Medium Density Residential
RD-15 70% $ 23,412.00 $ 937.00 $ 24,349
RD-10 60% 20,068.00 $ $ 803.00 $ 20,871
RD-7 50% 16,723.00 $ $ 669.00 $ 17,392
RD-6 40% 13,379.00 $ $ 535.00 $ 13,914
Low Density Residential
RD-5 40% 13,379.00 $ $ 535.00 $ 13,914
RD-4 38% $ 12,710.00 $ 508.00 $ 13,218
RD-3 33% $ 10,871.00 $ 434.00 $ 11,305
RD-2 28% $ 9,198.00 $ 367.00 $ 9,565
RD-1 25% $ 8,362.00 $ 335.00 $ 8,697
AR-1 17% $ 5,686.00 $ 227.00 $ 5,913
AR-2 10% $ 3,344.00 $ 134.00 $ 3,478
AR-5 10% $ 3,344.00 $ 134.00 $ 3,478
AR-10 10% $ 3,344.00 $ 134.00 $ 3,478
Mowed grass with graded and piped to drain 20% $ 6,689.00 $ 268.00 $ 6,957 Mowed grass with no piped drainage 10% $ 3,344.00 $ 134.00 $ 3,478 Impervious Area Park2 75% $ 25,086.00 $ 1,004.00 $ 26,090 School Campus with detention 25% $ 8,362.00 $ 335.00 $ 8,697 School Campus 50% $ 16,723.00 $ 669.00 $ 17,392
1 2 A school or park that detains greater than 50% of peak flow value, at the discreation of the City, may reduce the fee by 50%.

STORM DRAINAGE IMPACT FEES
at June 30, 2022
Land Use
Impervious area for Commercial and Industrial reduced to reflect the use of Low Impact Development (LID) practices, meeting HMP requirements and increased landscaping standards. Actual fees may vary if LID not utilized ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

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City of Rancho Cordova
Development Impact Fee Report
Land Use Per Fee
Single Family Residential Unit $ 1,351
Single Family Residential, Senior Unit 1,081
Multi-Family Residential Unit 945
Multi-Family Residential, Senior Unit 809
Office Use 1,000 Sq. Ft 1,622
Retail Use 1,000 Sq. Ft 2,028
Industrial Use 1,000 Sq. Ft 1,081
Hotel/Motel Sleeping Room 783
Extended Stay Hotel/Motel Sleeping Room 695
Golf Course acre 1,124
Movie Theather screen 2,570
Religious Center 1,000 Sq. Ft 1,257
Hospital 1,000 Sq. Ft 2,266
Service Station fueling pump 1,757
Supermarket 1,000 Sq. Ft 2,028
Warehouse/Self-Storage 1,000 Sq. Ft 338
Assisted Living Facility bed 389
Congregate Care Unit 286
Child Day Care student 622
Private School (K through 12) student 352
Auto Repair/Body Shop 1,000 Sq. Ft 2,028
Gym/Fitness Center 1,000 Sq. Ft 2,028
Drive-through Car Wash 1,000 Sq. Ft 2,028
All Other avg. weekday trips 142

MEASURE A IMPACT FEES
at June 30, 2022
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description

REVENUES
Fees 2,464,493 496,369 427,334 707,455
Interest 40,831 33,491 731 770
Other Revenues - - - -
Total Revenues $ 2,505,324 $ 529,860 $ 428,065 $ 708,226

EXPENDITURES
Expenditures 92,419 18,614 371,240 639,317
Transfer Out 337,376 - - -
Total Expenditures $ 429,795 $ 18,614 $ 371,240 $ 639,317 REVENUE OVER/(UNDER) EXPENDITURES $ 2,075,529 $ 511,246 $ 56,825 $ 68,909 5,524,091 4,993,256 $ 83,906 84,020
$ 7,599,620 $ 5,504,502 $ 140,731 $ 152,928
Notes:
(1)
(2)
Financial Summary Report
City of Rancho Cordova
Suppl Offsite
Interim Sewer Water
Sunrise Douglas
Council approved consolidation of the SD Library Fee, the Villages of Zinfandel Library Fee into the Community Facility Fee - Library Fee. For reporting purposes all activity reported in the individual library funds prior to the implementation of the consolidated library fee have all been reported in CFF - Library Fee
Fund Balance, Beginning of Year
Fund Balance, End of Year
Statement of Revenues, Expenditures and Changes in Fund Balance For Year Ending June 30, 2022
Community Facilities Fee Program
Community
Facilities (1) Library (2)
An Updated Nexus Study was adopted in April 2013 which combined facility fees which had been reported as separate line items in the prior nexus study into a single fee component called Community Facilities. For reporting purposes all activity reported in individual funds prior to the implementation of the combined fee have been consolidated for reporting purposes. ~ 10 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Storm Drainage lmpact Fee Prog.

Description

REVENUES
Fees 5,422,457 234,248 1,899,862 79,161
Interest 217,342 12,474 28,091 151
Other Revenues - - - -
Total Revenues $ 5,639,798 $ 246,722 $ 1,927,953 $ 79,312

EXPENDITURES
Expenditures 1,738,409 32,411 - 34,342
Transfer Out - - - -
Total Expenditures $ 1,738,409 $ 32,411 $ - $ 34,342
REVENUE OVER/(UNDER) EXPENDITURES $ 3,901,390 $ 214,311 $ 1,927,953 $ 44,969 $ 32,136,849 $ 1,860,729 $ 3,877,775 $ 11,455
$ 36,038,238 $ 2,075,040 $ 5,805,728 $ 56,425
Notes:

Fund Balance, Beginning of Year
Storm Drain
Program
Admin
Statement of Revenues, Expenditures and Changes in Fund Balance For Year Ending June 30, 2022
Fund Balance, End of Year
City of Rancho Cordova
Financial Summary Report
Program
Roadway Admin
Sunrise Douglas Fee Program
~ 11 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description

REVENUES
Fees 6,659,774 2,846,759 159,551 680,720
Interest 126,258 15,306 - 3,030
Other Revenues - - - -
Total Revenues $ 6,786,032 $ 2,862,065 $ 159,551 $ 683,751

EXPENDITURES
Expenditures 2,773,678 465,526 - -
Transfer Out - - - -
Total Expenditures $ 2,773,678 $ 465,526 $ - $ -
REVENUE OVER/(UNDER) EXPENDITURES $ 4,012,354 $ 2,396,539 $ 159,551 $ 683,751 16,287,998 $ (987,441) $ 431,839 $ 256,107
$ 20,300,352 $ 1,409,098 $ 591,390 $ 939,858
Notes:
(4)
Measure A
Transportation
Improvements (4)
Traffic Mitigation
Impact Fee (3)
Sacramento
Regional
Transit(4)
Very Low
Income
Housing
These fees are collected on behalf of outside Agencies during the building permit process. These funds are then remitted to the Agencies who expend the funds on projects in accordance with their approved AB1600 studies. The City relies on information provided by the Agencies to compelete the annual reproting requirements. The city does not audit the information provided by the outside Agencies.

City of Rancho Cordova
Financial Summary Report
Fund Balance, End of Year
Fund Balance, Beginning of Year
Statement of Revenues, Expenditures and Changes in Fund Balance For Year Ending June 30, 2022
~ 12 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 2021-22

REVENUES
Fees 945,113 1,128,791 2,112,237 2,269,108 2,464,493
Interest 6,892 25,488 54,356 42,984 40,831
Other Revenues - - - - -
Total Revenues 952,006 1,154,279 2,166,593 2,312,091 2,505,324

EXPENDITURES
Expenditures 35,442 42,330 79,209 85,092 92,419
Transfer Out 323,572 337,480 337,120 337,275 337,376
Total Expenditures 359,014 379,810 416,329 422,366 429,795 REVENUES OVER (UNDER) EXPENDITURES 592,991 774,469 1,750,264 1,889,725 2,075,529 Fund Balance, Beginning of Year 516,641 1,109,632 1,884,101 3,634,365 5,524,091 Fund Balance, End of Year $ 1,109,632 $ 1,884,101 $ 3,634,365 $ 5,524,091 $ 7,599,620 Available Revenue 2017-18 2018-19 2019-20 2020-21 2021-22 Current Year 952,006 1,154,279 2,166,593 2,312,091 2,505,324 Prior Year (2-yr Old Funds) 157,627 729,822 1,154,279 2,166,593 2,312,091 Prior Year (3-yr Old Funds) - - 313,493 1,045,406 2,782,205 Prior Year (4-yr Old Funds) - - - - -
Prior Year (5-yr Old Funds) - - - - -
Greater than Five Prior Fiscal Years - - - - -
Total Revenues $ 1,109,632 $ 1,884,101 $ 3,634,365 $ 5,524,091 $ 7,599,620 Result: Five Year Revenue Test met in accordance with Government Code 66001 City of Rancho Cordova
Community Facility Fee (CFF) - Facilities
Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
Five Year Revenue Test Using First In First Out Method
~ 13 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 2021-22

REVENUES
Fees 156,443 243,439 309,257 428,804 496,369
Interest 44,329 73,113 81,168 45,710 33,491
Other Revenues - - - - -
Total Revenues 200,773 316,552 390,425 474,514 529,860

EXPENDITURES
Expenditures 5,867 9,129 11,597 16,080 18,614
Transfer Out - - - - -
Total Expenditures 5,867 9,129 11,597 16,080 18,614
REVENUES OVER (UNDER) EXPENDITURES 194,906 307,423 378,828 458,434 511,246 Fund Balance, Beginning of Year 3,653,665 3,848,571 4,155,994 4,534,822 4,993,256 Fund Balance, End of Year $ 3,848,571 $ 4,155,994 $ 4,534,822 $ 4,993,256 $ 5,504,502 Available Revenue 2017-18 2018-19 2019-20 2020-21 2021-22 Current Year 200,773 316,552 390,425 474,514 529,860
Prior Year (2-yr Old Funds) 310,865 200,773 316,552 390,425 474,514 Prior Year (3-yr Old Funds) 289,430 310,865 200,773 316,552 390,425 Prior Year (4-yr Old Funds) 135,118 289,430 310,865 200,773 316,552 Prior Year (5-yr Old Funds) 162,757 (1) 135,118 (1) 289,430 (1) 310,865 (1) 200,773 (1) Greater than Five Prior Fiscal Years 2,749,629 (1) 2,903,256 (1) 3,026,777 (1) 3,300,127 (1) 3,592,378 (1) Total Revenues $ 3,848,571 $ 4,155,994 $ 4,534,822 $ 4,993,256 $ 5,504,502 (1) The Community Facility Fees - Library Fund reports funds being held beyond the five-years as described by AB1600. These funds are being collected for a future constructuion of Library Branch(es) and therefore must be retained until enough fees have been collected to start construction of the project.

Result: Five Year Findings required in accordance with Government Code 66001 to be approved as part of current year report.

Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
Five Year Revenue Test Using First In First Out Method
Community Facility Fee (CFF) - Library
City of Rancho Cordova
~ 14 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 2021-22

REVENUES
Fees 176,565 290,308 1,137,414 1,056,840 427,334
Interest 1,379 3,285 2,946 1,093 731
Total Revenues 177,944 293,593 1,140,360 1,057,933 428,065

EXPENDITURES
Expenditures 26,366 298,958 1,112,598 1,168,263 371,240 Transfer Out - - - - -
Total Expenditures 26,366 298,958 1,112,598 1,168,263 371,240 REVENUES OVER (UNDER) EXPENDITURES 151,578 (5,365) 27,763 (110,330) 56,825 Fund Balance, Beginning of Year 20,260 171,838 166,473 194,236 83,906 Fund Balance, End of Year $ 171,838 $ 166,473 $ 194,236 $ 83,906 $ 140,731 Available Revenue 2017-18 2018-19 2019-20 2020-21 2021-22 Current Year 171,838 166,474 194,236 83,906 140,731
Prior Year (2-yr Old Funds) - - - - -
Prior Year (3-yr Old Funds) - - - - -
Prior Year (4-yr Old Funds) - - - - -
Prior Year (5-yr Old Funds) - - - - -
Greater than Five Prior Fiscal Years - - - - -
Total Revenues $ 171,838 $ 166,474 $ 194,236 $ 83,906 $ 140,731 Result: Five Year Revenue Test met in accordance with Government Code 66001 City of Rancho Cordova
Sunrise Douglas (SD) - Interim Sewer
Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
Five Year Revenue Test Using First In First Out Method
~ 15 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 2021-22

REVENUES
Fees 436,243 426,962 513,957 1,638,485 707,455
Interest 1,704 2,958 1,610 1,430 770
Other Revenues - - - - -
Total Revenues 437,947 429,920 515,566 1,639,915 708,226

EXPENDITURES
Expenditures 430,313 392,013 585,776 1,674,815 639,317
Transfer Out - - - - -
Total Expenditures 430,313 392,013 585,776 1,674,815 639,317 REVENUES OVER (UNDER) EXPENDITURES 7,634 37,908 (70,210) (34,900) 68,909 Fund Balance, Beginning of Year 143,587 151,221 189,129 118,919 84,020 Fund Balance, End of Year 151,221 189,129 $ 118,919 $ 84,020 $ 152,928 Available Revenue 2017-18 2018-19 2019-20 2020-21 2021-22 Current Year 151,219 189,127 118,919 84,020 152,928
Prior Year (2-yr Old Funds) - - - - -
Prior Year (3-yr Old Funds) - - - - -
Prior Year (4-yr Old Funds) - - - - -
Prior Year (5-yr Old Funds) - - - - -
Greater than Five Prior Fiscal Years - - - - -
Total Revenues $ 151,219 $ 189,127 $ 118,919 $ 84,020 $ 152,928 Result: Five Year Revenue Test met in accordance with Government Code 66001 City of Rancho Cordova
Sunrise Douglas (SD) - Supplemental Offsite Water
Five Year Revenue Test Using First In First Out Method
Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
~ 16 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 2021-22

REVENUES
Fees 2,290,828 4,157,115 7,794,321 8,308,575 5,422,457
Interest 227,087 366,059 426,346 274,564 217,342
Other Revenues - - - - -
Total Revenues 2,517,915 4,523,173 8,220,668 8,583,140 5,639,798

EXPENDITURES
Expenditures 2,419,907 3,336,761 3,456,292 1,977,626 1,738,409 Transfer Out - - - - -
Total Expenditures 2,419,907 3,336,761 3,456,292 1,977,626 1,738,409 REVENUES OVER (UNDER) EXPENDITURES 98,008 1,186,412 4,764,376 6,605,514 3,901,390 Fund Balance, Beginning of Year 19,482,539 19,580,547 20,766,959 25,531,335 32,136,849 Fund Balance, End of Year $ 19,580,547 $ 20,766,959 $ 25,531,335 $ 32,136,849 $ 36,038,238 Available Revenue 2017-18 2018-19 2019-20 2020-21 2021-22 Current Year 2,517,915 4,906,434 8,220,668 8,583,140 5,639,798 Prior Year (2-yr Old Funds) 4,111,280 2,517,915 4,906,434 8,220,668 8,583,140 Prior Year (3-yr Old Funds) 3,057,146 4,111,280 2,517,915 4,906,434 8,220,668 Prior Year (4-yr Old Funds) 1,781,651 3,057,146 4,111,280 2,517,915 4,906,434 Prior Year (5-yr Old Funds) 2,610,609 (1) 1,781,651 (1) 3,057,146 (1) 4,111,280 (1) 2,517,915 (1) Greater than Five Prior Fiscal Years 5,501,946 4,775,794 2,717,893 3,797,413 6,170,284 (1) Total Revenues $ 19,580,547 $ 21,150,220 $ 25,531,335 $ 28,339,435 $ 36,038,238 (1) The Sunrise Douglas Park Fund reports funds being held beyond the five-years as described by AB1600. These funds are being collected for the future roadway improvements necessary to serve the growning population within the Sunrise Douglas Community Plan Area and therefor must be retained until enough fees have been collected to start contruction of the various roadway projects.

Result: Five Year Findings required in accordance with Government Code 66001 to be approved as part of current year report.

Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
Five Year Revenue Test Using First In First Out Method
Sunrise Douglas (SD) - Roadway
City of Rancho Cordova
~ 17 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2016-17 2018-19 2019-20 2020-21 2021-22

REVENUES
Fees 101,552 195,348 357,436 370,841 234,248
Interest 9,796 17,445 23,084 13,916 12,474
Other Revenues - - - 264,981 -
Total Revenues 111,348 212,792 380,521 649,738 246,722

EXPENDITURES
Expenditures 60,507 30,804 143,029 87,338 32,411
Transfer Out - - - - -
Total Expenditures 60,507 30,804 143,029 87,338 32,411
REVENUES OVER (UNDER) EXPENDITURES 50,842 181,988 237,492 562,400 214,311 Fund Balance, Beginning of Year 828,008 878,849 1,060,838 1,298,329 1,860,729 Fund Balance, End of Year 878,849 $ 1,060,838 $ 1,298,329 $ 1,860,729 $ 2,075,040 Available Revenue 2016-17 2018-19 2019-20 2020-21 2021-22 Current Year 111,348 212,792 380,521 649,738 246,722
Prior Year (2-yr Old Funds) 130,424 111,348 212,792 380,521 649,738 Prior Year (3-yr Old Funds) 144,028 130,424 111,348 212,792 380,521 Prior Year (4-yr Old Funds) 95,312 144,028 130,424 111,348 212,792 Prior Year (5-yr Old Funds) 104,273 (1) 95,312 (1) 144,028 (1) 130,424 (1) 111,348 (1) Greater than Five Prior Fiscal Years 332,490 (1) 366,933 (1) 319,216 (1) 375,906 (1) 473,919 (1) Total Revenues $ 917,875 $ 1,060,837 $ 1,298,329 $ 1,860,729 $ 2,075,040 (1) The Sunrise Douglas Program Admin Fund reports funds being held beyond the five-years as described by AB1600. These funds are being collected for the ongoing administrative cost and therefor must be retained for future cost.

Result: Five Year Findings required in accordance with Government Code 66001 to be approved as part of current year report.

Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
Five Year Revenue Test Using First In First Out Method
Sunrise Douglas (SD) - Administration
City of Rancho Cordova
~ 18 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 2021-22

REVENUES
Fees 1,373,633 1,774,403 2,291,789 2,438,640 6,659,774
Interest 253,654 400,159 369,215 162,169 126,258
Other Revenues 720 - 39,037 1,047,841 -
Total Revenues 1,628,008 2,174,563 2,700,041 3,648,650 6,786,032

EXPENDITURES
Expenditures 1,476,435 1,910,560 8,389,095 2,133,479 2,773,678 Transfer Out - - - - -
Total Expenditures 1,476,435 1,910,560 8,389,095 2,133,479 2,773,678 REVENUES OVER (UNDER) EXPENDITURES 151,572 264,002 (5,689,054) 1,515,170 4,012,354 Fund Balance, Beginning of Year 21,561,477 21,713,050 21,977,052 21,977,052 16,287,998 Fund Balance, End of Year $ 21,713,050 $ 21,977,052 $ 16,287,998 $ 23,492,222 $ 20,300,352 Available Revenue 2017-18 2018-19 2019-20 2020-21 2021-22 Current Year 1,628,008 2,174,563 2,700,041 3,648,650 6,786,032 Prior Year (2-yr Old Funds) 4,063,390 1,628,008 2,174,563 2,700,041 3,648,650 Prior Year (3-yr Old Funds) 2,880,535 4,063,390 1,628,008 2,174,563 2,700,041 Prior Year (4-yr Old Funds) 1,144,114 2,880,535 4,063,390 1,628,008 2,174,563 Prior Year (5-yr Old Funds) 1,174,715 (1) 1,144,114 (1) 2,880,535 (1) 4,063,390 (1) 1,628,008 (1) Greater than Five Prior Fiscal Years 10,822,288 (1) 10,086,442 (1) 2,841,462 (1) 9,277,572 (1) 3,363,059 (1) Total Revenues $ 21,713,050 $ 21,977,052 $ 16,287,998 $ 23,492,222 $ 20,300,352 (1) The Traffic Mitigation Fund reports funds being held beyond the five-years as described by AB1600. While projects are being completed on an annual basis, this fund is accumulation funds for the development and construction of a new interchange, a multi-million dollar project which is not expected to start construction in the next five year CIP funding cycle, therefor the funds must be retained until a funding level that allows construction to start has been reached.

Result: Five Year Findings required in accordance with Government Code 66001 to be approved as part of current year report.

Five Year Revenue Test Using First In First Out Method
Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
Traffic Mitigation Impact Fee
City of Rancho Cordova
~ 19 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 (1) 2021-22 (1)

REVENUES
Fees - - - 3,874,399 1,899,862
Interest - - - 3,376 28,091
Other Revenues - - - - -
Total Revenues - - - 3,877,775 1,927,953

EXPENDITURES
Expenditures - - - - -
Transfer Out - - - - -
Total Expenditures - - - - -
REVENUES OVER (UNDER) EXPENDITURES - - - 3,877,775 1,927,953 Fund Balance, Beginning of Year - - - - 3,877,775
Fund Balance, End of Year $ - $ - $ - $ 3,877,775 $ 5,805,728 Available Revenue 2016-17 2017-18 2018-19 2020-21 (1) 2021-22 (1) Current Year - - - 3,877,775 1,927,953
Prior Year (2-yr Old Funds) - - - - -
Prior Year (3-yr Old Funds) - - - - -
Prior Year (4-yr Old Funds) - - - - -
Prior Year (5-yr Old Funds) - - - - -
Greater than Five Prior Fiscal Years - - - - 3,877,775
Total Revenues $ - $ - $ - $ 3,877,775 $ 5,805,728
(1) The Storm Drainage Impact Fee Program was implemented in FY 2020-21 and does not have 5 years worth of data to report at this time.

Storm Drainage Impact Fee Program - Facilities
Five Year Revenue Test Using First In First Out Method
Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
City of Rancho Cordova
~ 20 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 (1) 2021-22 (1)

REVENUES
Fees - - - 11,590 79,161
Interest - - - 4 151
Other Revenues - - - - -
Total Revenues - - - 11,595 79,312

EXPENDITURES
Expenditures - - - 139 34,342
Transfer Out - - - - -
Total Expenditures - - - 139 34,342
REVENUES OVER (UNDER) EXPENDITURES - - - 11,455 44,969
Fund Balance, Beginning of Year - - - - 11,455
Fund Balance, End of Year - - - $ 11,455 $ 56,425
Available Revenue 2016-17 2017-18 2018-19 2020-21 (1) 2021-22 (1) Current Year - - - 11,455 56,425
Prior Year (2-yr Old Funds) - - - - -
Prior Year (3-yr Old Funds) - - - - -
Prior Year (4-yr Old Funds) - - - - -
Prior Year (5-yr Old Funds) - - - - -
Greater than Five Prior Fiscal Years - - - - -
Total Revenues $ - $ - $ - $ 11,455 $ 56,425
(1) The Storm Drainage Impact Fee Program was implemented in FY 2020-21 and does not have 5 years worth of data to report at this time.

Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
Five Year Revenue Test Using First In First Out Method
Storm Drainage Impact Fee Program - Administration
City of Rancho Cordova
~ 21 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 2021-22

REVENUES
Fees 400,837 471,108 916,272 1,448,744 2,846,759
Interest - - - 18,691 15,306
Other Revenues - - - - -
Total Revenues 400,837 471,108 916,272 1,467,435 2,862,065

EXPENDITURES
Expenditures 830,082 2,346,404 1,731,205 2,457,075 465,526 Transfer Out - - - - -
Total Expenditures 830,082 2,346,404 1,731,205 2,457,075 465,526 REVENUES OVER (UNDER) EXPENDITURES (429,245) (1,875,296) (814,933) (989,640) 2,396,539 Fund Balance, Beginning of Year 3,121,673 2,692,428 817,132 2,199 (987,441) Fund Balance, End of Year $ 2,692,428 $ 817,132 $ 2,199 $ (987,441) $ 1,409,098 Available Revenue 2017-18 2018-19 2019-20 2020-21 2021-22 Current Year 400,837 471,108 2,199 (987,441) 1,409,098
Prior Year (2-yr Old Funds) 710,065 346,024 - - -
Prior Year (3-yr Old Funds) 444,382 - - - -
Prior Year (4-yr Old Funds) 354,601 - - - -
Prior Year (5-yr Old Funds) 369,040 (1) - - - -
Greater than Five Prior Fiscal Years 413,503 (1) - - - - Total Revenues $ 2,692,428 $ 817,132 $ 2,199 $ (987,441) $ 1,409,098 (1) The Measure A Transportation Improvements reports funds being held beyond the five-years as described by AB1600. These funds are being collected for the ongoing project cost and therefor must be retained for future cost.

Result: Five Year Revenue Test met in accordance with Government Code 66001 Measure A Impact Fee
Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
Five Year Revenue Test Using First In First Out Method
City of Rancho Cordova
~ 22 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 2021-22

REVENUES
Fees 7,700 85,978 194,011 144,149 159,551
Interest - - - - -
Other Revenues - - - - -
Total Revenues 7,700 85,978 194,011 144,149 159,551

EXPENDITURES
Expenditures - - - - -
Transfer Out - - - - -
Total Expenditures - - - - -
REVENUES OVER (UNDER) EXPENDITURES 7,700 85,978 194,011 144,149 159,551 Fund Balance, Beginning of Year - 7,700 93,678 287,690 431,839 Fund Balance, End of Year $ 7,700 $ 93,678 $ 287,690 $ 431,839 $ 591,390 Available Revenue 2017-18 2018-19 2019-20 2020-21 2021-22 Current Year 7,700 85,978 194,011 144,149 159,551
Prior Year (2-yr Old Funds) - 7,700 85,978 194,011 144,149 Prior Year (3-yr Old Funds) - - 7,700 85,978 194,011
Prior Year (4-yr Old Funds) - - - 7,700 85,978
Prior Year (5-yr Old Funds) - - - - 7,700
Greater than Five Prior Fiscal Years - - - - -
Total Revenues $ 7,700 $ 93,678 $ 287,690 $ 431,839 $ 591,390 Note: The City did not start collecting the SacRT fee until May 2018 therefore there is not 5 years of history to report at this time.

Result: Five Year Revenue Test met in accordance with Government Code 66001 Sacramento Regional Transit Impact Fee
Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
Five Year Revenue Test Using First In First Out Method
City of Rancho Cordova
~ 23 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Description 2017-18 2018-19 2019-20 2020-21 2021-22

REVENUES
Fees 73,433 51,003 117,936 35,498 680,720
Interest 20,669 523 1,775 2,329 3,030
Other Revenues 1,222,499 175,000 50,000 - -
Total Revenues 1,316,601 226,526 169,711 37,826 683,751

EXPENDITURES
Expenditures 82,991 175,000 - - -
Transfer Out - - - - -
Total Expenditures 82,991 175,000 - - -
REVENUES OVER (UNDER) EXPENDITURES 1,233,610 51,526 169,711 37,826 683,751 Fund Balance, Beginning of Year (1,236,566) (2,956) 48,570 218,281 256,107 Fund Balance, End of Year $ (2,956) $ 48,570 $ 218,281 $ 256,107 $ 939,858 Available Revenue 2017-18 2018-19 2019-20 2020-21 2021-22 Current Year - 48,570 169,711 37,826 683,751
Prior Year (2-yr Old Funds) - - 48,570 169,711 37,826
Prior Year (3-yr Old Funds) - - - 48,570 169,711
Prior Year (4-yr Old Funds) - - - - 48,570
Prior Year (5-yr Old Funds) - - - - -
Greater than Five Prior Fiscal Years - - - - -
Total Revenues $ - $ 48,570 $ 218,281 $ 256,107 $ 939,858 Result: Five Year Revenue Test met in accordance with Government Code 66001 City of Rancho Cordova
Low Income Housing Impact Fee
Five Year Revenue Test Using First In First Out Method
Statement of Revenues, Expenditures and Changes in Fund Balance For Last Five Fiscal Years
~ 24 ~
ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

~ 25 ~
City of Rancho Cordova
Development Impact Fee Report
Notes to the Annual Development Impact Fee Report
The Notes address two items required by California Government Code Section 66006(b).

Notes 1-3 provides information on any interfund transfer or loans made from a development fee account or fund, including the public improvement on which the transferred or loaned fee will be expended. In the case of an interfund loan, the date on which the loan will be repaid and the rate of interest the account or fund will receive on the loan is also provided. Note 4 provides information on the amount of refunds made due to sufficient funds being collected to complete financing on incomplete public improvements, and the amount of reallocation of funds made due to administrative costs of refunding unexpended revenues exceeding the amount to be refunded.

NOTE #1 – 2017 SERIES A & B REFUNDING CERTIFICATES OF PARTICIPATION On January 25, 2017 $11,925,000 and $4,470,000 in Refunding Certificated of Participation (COP’s) were issued by the Rancho Cordova Finance Corporation (the “Corporation”) to refund both the 2005 & 2007 Certificates of Participations, which were issued for City Hall Facility Acquisition and City Operations. Principal payments of $190,000 to $1,235,000 are due annually on February 1st through February 1, 2035. Concurrently, the City entered into a facilities lease agreement with the Corporation for the use and occupancy of the facilities.

The lease agreement requires the City to make rental payments to the Corporation equal to the Certificates of Participation’s principal and interest payments.

The CFF - Community Facilities Fee is responsible for 62.5% of the principal and interest attributable to the tax-exempt COP’s (2017 A). As of June 30, 2021, the CFF - Community Facilities Fee gross repayment obligation, including interest, totaled $10,082,286. During FY 2021-22 the CFF - Community Facilities Fee made payments totaling $337,376, including bank fees.

Future payments on these COP’s are as follows:

Principal Interest Total
2023 - 336,780 336,780
2024 368,750 336,780 705,530
2025 506,250 322,030 828,280
2026 531,250 296,717 827,967
2027 556,250 270,155 826,405
2028-2032 3,231,250 904,211 4,135,461
2033-2035 2,259,375 162,489 2,421,864
7,453,125 2,629,161 10,082,286
2017 Series A & B
CFF - Community Facilities Obligation
Long Term Debt Obligation
at June 30, 2022
Total Payments Due
For the Year
Ending June 30

ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

~ 26 ~
City of Rancho Cordova
Development Impact Fee Report
NOTE #2 – DEFERRED IMPACT FEES
In May 2008, the City enacted a Temporary Fee Deferral Program for certain development impact fees. This program allows residential and non-residential developers to defer eligible impact fees normally paid at the time of building permit issuance to the earlier of final inspection, issuance of temporary or final certificate of occupancy, or one-year from the date the fee deferral application was approved. Although originally set to expire after one year, through various Council actions, the program has been modified to remove the sunset date.

Developer impact fees deferred at June 30, 2022 are as follows:

Non-Residential
Fee Program Single Family Multi-Family All Types
Community Facility Fee - Library 82,415.67 - -
Park Renovation Fee 121,797.15
SD Interim Sewer Impact Fee 45,215.40
SD Supplemental Offsite Water Fee 33,860.37
SD Traffic Mitigation Fee 95,949.24
Transportation Impact Fee 1,644,649.05
Total Fees Deferred $ 2,023,886.88 $ - $ -

DEVELOPMENT IMPACT FEE DEFERRALS
at June 30, 2022
Residential
NOTE #3 – REFUNDS PAYABLE As defined by California Government Code Section 66006 (b) When the City no longer needs the funds for the purposed collected, or if the City fails to make required findings or perform certain administrative tasks prescribed by AB1600, the City may be required to refund, on a prorated basis, to property owners of the properties upon which the fees for the improvement were imposed, the monies collected for that project and any interest earned on those funds.

At this time, all fees being collected pursuant to the Development Impact Fee Program(s) have been earmarked for current or future capital projects necessary to maintain the current levels of service within existing services area to serve new development.

ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

~ 27 ~
City of Rancho Cordova
Development Impact Fee Report
Development Fee Project Identification - California Government Code Section 66006 and 66001 require the City to make certain findings and meet reporting requirements on the use of development fees.

The following table, on pages 28-30, illustrates several of the reporting requirements defined in the Legal Requirement section on pages 1-3.
• An identification of each public improvement on which fees were expended and the amount of expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees. • An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement. • Identify the purpose to which the fee is to be put.
• Designate the approximate dates on which the funding is expected to be deposited into the appropriate account or fund.

Most of the current projects including all funding sources and approximate dates on funding can be found in the 2020/21 – 2024/25 Capital Improvement Program (CIP). Some projects identified as “Future” in the Project Phase column will not be identified in the CIP but will be found in the corresponding Development Fee Program instead.

Information regarding completed projects which received full or partial funding from development impact fees can be obtained by contacting the Finance Department.

ITEM 14.3. ATTACHMENT 2 Exhibit A to the Resolution

Project
Number Current Project(s)
Project Phase
(1)
Estimated
Start Date
Completion
Date
Estimated Project
Cost Budget to Date (2) Funding to Date (2)
Attrib. to
New Dev
Community Facility Fee - Community Facilities
Administrative Duties associated with Community Facilities Fee Program (inc. updates) Admin 2004 Post 2022-23 n/a 1,144,419 1,144,419 100%Animal Control Vehicles Future Post 2022-23 Post 2022-23 106,000 - - 63% City Hall Cost Future Post 2022-23 Post 2022-23 54,856,000 - - 63% Community Center Future Post 2022-23 Post 2022-23 46,834,000 - - 63% Corportation Yard Future Post 2022-23 Post 2022-23 26,291,000 - 1,026,842 63% Debt Service Payment(s) - Refunding COPS 2017 A&B Debt Service 2017 2035 23,750,647 14,844,155 1,669,289 63%Hansen Computer System Future Post 2022-23 Post 2022-23 1,310,000 - - 63% Museum Future Post 2022-23 Post 2022-23 19,993,000 - - 63% Parking Structure Future Post 2022-23 Post 2022-23 16,571,000 - - 63% Police Facilities Future Post 2022-23 Post 2022-23 56,085,000 - - 63% Police Vehicles & Equipment Future Post 2022-23 Post 2022-23 4,172,000 - - 63% Total Community Facility Fee - Community Facilities $ 249,968,647 $ 15,988,574 $ 3,840,550 Community Facility Fee - Library
Administrative Duties Admin 2004 Post 2022-23 n/a 88,554 88,554 100%Regional Library Facility Future Post 2022-23 Post 2022-23 43,858,000 - - 79% Total Community Facility Fee - Library 43,858,000 $ $ 88,554 $ 88,554 Sunrise Douglas - Interim Sewer
Anatolia I & II Sewer Forcemain Reimb/Credit 2015 N/A 1,197,772 1,197,772 868,000 100%Anatolia III Sewer Forcemain Reimb/Credit 2003 N/A 1,766,886 1,766,886 1,992,028 100%Chrysanthy Blvd Lift Station Future Post 2022-23 Post 2022-23 1,466,569 - - 16% Chrysanthy Blvd Trunk Sewer Future Post 2022-23 Post 2022-23 1,506,556 - - 28% CP16-2181 Douglas Blvd Lift Station Construction 2016 2017 1,730,000 1,730,000 531,238 100% Douglas Blvd Lift Station Reimb/Credit 2017 N/A 1,573,034 1,573,034 823,656 100%Folsom South Canal Crossing: Sewer Costs Future Post 2022-23 Post 2022-23 1,545,991 - - 19%Kiefer Lift Station Reimb/Credit 2003 N/A 1,431,280 1,431,280 1,431,280 100%Sewer Forcemain: Chrysanthy Blvd Lift Station to Mayhew Road Outfall Future Post 2022-23 Post 2022-23 5,802,192 - 17%Sewer Forcemain: Douglas Lift station to Chrysanthy Blvd Reimb/Credit 2003 N/A 660,607 660,607 501,929 100%Sewer Studies Future Post 2022-23 Post 2022-23 30,000 - - 100% Total Sunrise Douglas - Interim Sewer 18,710,887 $ $ 8,359,579 $ 6,148,131 Sunrise Douglas - Suppl Offsite Water
Anatolia GTWP, Excelsior Raw Water Line, Vineyard Wells 1-3 Reimb/Credit 2003 2007 29,771,437 7,015,347 7,062,285 24%Folsom South Canal Crossing: Water Costs Future Post 2022-23 Post 2022-23 1,566,583 - - 18%North Douglas Tank Site Land Reimb/Credit 2003 2007 1,386,000 969,000 1,045,833 100%Vineyard Wells 4-7 Future Post 2022-23 Post 2022-23 3,520,000 - - 10% Total Sunrise Douglas - Suppl Offsite Water 36,244,020 $ $ 7,984,347 $ 8,108,118 Sunrise Douglas - Roadway
CP08-2063 Americanos Blvd, Douglas Rd to Chrysanthy Blvd Construction 2008 Post 2022-23 3,052,000 3,052,000 411,754 100% CP05-2003 Rancho Cordova Parkway Interchange Environmental 2005 Post 2022-23 100,000,000 500,000 590,296 100% Americanos Blvd Phase II, Chrysanthy Blvd to Kiefer Blvd Future Post 2022-23 Post 2022-23 3,423,000 3,326,000 - 97% CP06-2022 Chrysanthy Blvd, Sunrise Blvd to Rancho Cordova Pkwy Construction 2006 2019 3,762,000 3,334,000 3,372,883 89% Chrysanthy Blvd Phase II, Rancho Cordova Pkwy to Grant Line Rd Future Post 2022-23 Post 2022-23 10,431,000 10,431,000 - 100% CP06-2024 Douglas Road Phase I, Rancho Cordova Pkwy to Borderlands Dr Reimb/Credit 2006 2015 2,146,000 2,146,000 2,412,786 100% CP13-2124 Douglas Road & Grantline Rd Traffic Signal Construction 2013 2018 1,819,200 1,043,200 701,986 57% CP07-2032 Douglas Road, Americanos Blvd to Grant Line Rd Planned Post 2022-23 Post 2022-23 6,585,000 4,961,000 2,639,051 75%CP10-2083 Douglas Road, Rancho Cordova Pkwy to Americanos Blvd Construction 2010 2018 8,200,000 8,200,000 3,339,235 100% CP09-2074 Kiefer Blvd Phase II, Sunrise Blvd to Grant Line Rd Planned Post 2022-23 Post 2022-23 9,332,000 10,000 78 0% CP07-2036 Kiefer Blvd, Sunrise Blvd to Jaeger Road Reimb/Credit 2007 Post 2022-23 7,510,626 4,026,526 4,026,526 86% CP07-2035 Rancho Cordova Parkway, Douglas Rd to Kiefer Blvd Reimb/Credit 2006 Post 2022-23 11,857,800 11,228,500 4,109,733 95% CP11-2100 Sunrise Blvd Widening and Intersection Improvements, Keifer Blvd to State Rte. 16 Preliminary 2011 2020 13,000,000 1,231,000 159,334 9% Development Impact Fees
City of Rancho Cordova
Development Fee Program Identification - Active & Future Projects ~ 28 ~
ITEM 14.3.

ATTACHMENT 2
Exhibit A to the Resolution

Project
Number Current Project(s)
Project Phase
(1)
Estimated
Start Date
Completion
Date
Estimated Project
Cost Budget to Date (2) Funding to Date (2)
Attrib. to
New Dev
Development Impact Fees
City of Rancho Cordova
Development Fee Program Identification - Active & Future Projects Sunrise Douglas - Roadway (Fund 2246) - Continuted
CP06-2028 Sunrise Blvd, Douglas Rd to Kiefer Blvd Reimb/Credit 2006 Post 2022-23 16,334,786 16,180,250 16,180,250 92% Total Sunrise Douglas - Roadway 94,401,413 $ $ 66,117,476 $ 37,943,913 Sunrise Douglas - Admin
Administrative Duties associated with the Sunrise Douglas Fee Program Admin 2004 Post 2022-23 n/a 1,748,587 1,748,587 100% Total Sunrise Douglas - Admin - $ $ 1,748,587 $ 1,748,587 Traffic Mitigation - Impact Fee
Americanos Blvd Phase II, Chrysanthy Blvd to Kiefer Blvd Future Post 2022-23 Post 2022-23 3,423,000 97,000 - 3%Americanos Blvd Phase III, International Dr to Douglas Rd Future Post 2022-23 Post 2022-23 9,247,000 9,247,000 - 100%Centennial Drive, International Drive to Grant Line Road Future Post 2022-23 Post 2022-23 10,348,000 10,348,000 - 100% CP07-2032 Douglas Road, Americanos Blvd to Grant Line Rd Planned Post 2022-23 Post 2022-23 6,585,000 1,586,000 147,496 24% CP13-2111 Douglas Road - Sunrise to Wst City Boundary Preliminary 2013 Post 2022-23 16,512,000 62,000 75,614 0% CP13-2124 Douglas Road and Grant Line Road Traffic Signal Construction 2013 2018 1,819,200 73,600 72,025 4% CP11-2093 Easton Valley Parkway (6th Ave), Sunrise Blvd to City Limits Planned Post 2022-23 Post 2022-23 10,192,000 10,192,000 - 100% CP09-2069 International Drive, Sunrise Blvd to Rancho Cordova Pkwy Loop Planned Post 2022-23 Post 2022-23 46,700,000 46,700,000 - 100% CP09-2074 Kiefer Blvd Phase II, Sunrise Blvd to Grant Line Rd Planned Post 2022-23 Post 2022-23 9,332,000 9,322,000 - 100%CP07-2036 Kiefer Blvd, Sunrise Blvd to Jaeger Road Reimb/Credit 2007 Post 2022-23 7,510,626 2,527,593 2,527,593 86% CP15-2161 Pedestrian Promenade Construction Planned 2015 Post 2022-23 8,500,000 670,000 30,701 8% CP07-2035 Rancho Cordova Parkway, Douglas Rd to Kiefer Blvd Reimb/Credit 2006 Post 2022-23 11,857,800 629,300 - 5% CP05-2003 Rancho Cordova Parkway Interchange Environmental 2005 Post 2022-23 100,000,000 8,082,000 4,681,049 8% Rancho Cordova Parkway South, Kiefer Blvd to Grant Line Rd Future Post 2022-23 Post 2022-23 3,876,000 3,876,000 - 100% CP09-2070 Rio Del Oro Parkway, Sunrise Blvd to White Rock Rd Planned Post 2022-23 Post 2022-23 12,024,000 12,024,000 - 100% CP11-2100 Sunrise Blvd Widening and Intersection Improvements, Keifer Blvd to State Rte. 16 Preliminary 2011 2020 13,000,000 47,000 312,254 1%CP13-2116 Traffic Management Center Construction 2014 2018 5,539,000 1,302,000 1,299,931 24% Villagio, Douglas Rd to White Rock Rd Future Post 2022-23 Post 2022-23 2,608,000 2,608,000 - 100% CP15-2146 White Rock Road and Gold Valley Dr Signal and Intersection Improvements Design 2014 2018 900,000 350,000 334,733 39% CP07-2055 White Rock Road Improvements Phase I, Sunrise to Rancho Cordova Pkwy Design 2007 Post 2022-23 18,366,000 6,987,000 4,052,758 38% CP14-2132 Zinfandel Complex Phase I Feasibility Study Construction 2013 2020 12,585,000 8,147,000 8,362,278 65% CP20-2201 Zinfandel Pedestrian & Bicycle Crossing Design 2020 Post 2022-23 3,815,000 219,000 133,529 6% CP20-2210 Chrysanthy Boulevard Phase II Reimb/Credit 2020 Post 2022-23 4,035,287 4,035,287 938,670 100% CP22-2228 White Rock Road, 0.5 Mile East of Rancho Cordova Parkway to Easterly City Limits Design 2022 2025-26 1,350,000 1,350,000 235,969 100%PM21-7399 FY 2020-21 Transportation Impact Fee Program Update Admin 2020 2022 530,000 514,000 342,439 97% PM22-7445 Transportation Impact Fee Implementation - FY 21/22 Admin 2021 2022 51,321 51,321 100% 51,321 PM22-7448 General Plan - Circulation Element Update Admin 2021 2022 240,000 240,000 100% 12,132PM22-7450 Project Development - FY 21/22 (Pre-CIP and Pre-Grants project initation efforts) Admin 2021 2022 22,292 22,292 22,292 100% PM22-7452 SB743 Analysis - FY 21/22 (Compliance with SB743) Admin 2021 2022 15,691 15,691 100% 15,691PM22-7454 Transportation Master Plan Planning 2021 2022 87,164 86,838 86,838 100% Total Traffic Mitigation - Impact Fee 307,501,626 $ $ 134,780,493 $ 23,735,312 Traffic Mitigation - Admin
Administrative Duties associated with Traffic Mitigation Fee Program (including updates) Admin 2004 Post 2022-23 n/a 715,550 715,550 100% CP09-2067 Villages of Zinfandel Traffic Signals Construction 2009 2019 1,411,000 11,000 2,244 1% PM22-7422 PW Project Impact Fee Tracking Planning 2021 2023 3,380,899 100,000 96,354 3% Total Traffic Mitigation - Admin 1,411,000 $ 826,550 $ 814,148 $ Storm Drain Impact Fee Program - Admin
PM22-7455 Storm Drain Admin Impact Fees Planning 2022 2023 34,342 34,342 34,342 100% Measure A - Transportation Improvements (Administered by Sacramento Transportation Administration) CP18-2190 Cordova Creek Multi Use Trail Feasibility Study Planned 2018 2018 152,600 25,000 55,716 16% CP06-2022 Chrysanthy Blvd, Sunrise Blvd to Rancho Cordova Pkwy Construction 2006 2019 3,762,000 356,000 - 9% CP20-2200 Cordova School Zones Planning 2020 Post 2022-23 315,000 315,000 190,894 100%CP16-2175 Folsom Blvd Complete Street Phase V (Bradshaw Rd to Horn Rd) Design 2016 2019 4,110,000 3,000,000 1,126,436 73% ~ 29 ~
ITEM 14.3.

ATTACHMENT 2
Exhibit A to the Resolution

Project
Number Current Project(s)
Project Phase
(1)
Estimated
Start Date
Completion
Date
Estimated Project
Cost Budget to Date (2) Funding to Date (2)
Attrib. to
New Dev
Development Impact Fees
City of Rancho Cordova
Development Fee Program Identification - Active & Future Projects Measure A - Transporation Improvements - Continued
CP14-2129 Folsom Blvd Enhancement - Phase IV Construction 2014 2018 8,249,135 3,398,215 1,400,092 41% CP14-2139 Folsom Blvd Sidewalk South from Rod Beaudry to East of Horn Road Construction 2014 2019 770,000 770,000 979,757 100% CP18-2196 Olson Island Plan Planning 2018 Post 2022-23 180,000 25,000 94,755 14%CP16-2169 Rod Beaudry - Routier Bikeway Project Construction 2016 Post 2022-23 2,498,000 91,913 47,551 4% CP18-2195 Safe Routes to School Plan Planning 2018 Post 2022-23 280,000 35,000 55,000 13% CP19-2189 Sidewalk Repair Program Planning 2019 Post 2022-23 240,000 50,000 32,177 21%CP20-2199 Sunrise Boulevard & Folsom Boulevard Construction 2020 Post 2022-23 165,000 60,000 44,357 36% CP15-2148 Sunrise Boulevard & Monier Circle Drainage Improvements Planned 2015 Post 2022-23 2,000,000 - 11,321 0% CP18-2187 Sunrise Boulevard Rehabilitiation - Phase I Construction 2018 Post 2022-23 10,603,171 1,273,278 2,600,863 12% CP20-2215 Systemic Safety Analysis: Zinfadel and Coloma Corridors Planning 2020 2021 29,846 29,846 30,316 100% CP20-2216 Local Road Safety Plan Planning 2020 2022 90,000 72,000 22,228 80%CP21-2213 Sidewalk Improvement Planning 2020 2021 150,000 50,000 - 33%CP18-2192 Systemic Safety Study Planning 2018 Post 2022-23 83,000 20,000 11,118 24%CP20-2208 2020 Sidewalk Program Construction 2020 2021 460,561 50,000 50,000 11% CP15-2159 2016/2017 NTMP Project Planning 2015 2021-22 300,000 125,000 961 42% CP22-2220 Chase Drive - American River Parkway Connection Planning 2022 2022-23 938,000 788,000 93,561 84% CP22-2222 2022 Sidewalk Improvement Construction 2022 2021-22 501,000 100,000 72,064 20% CP22-2237 Coloma and Chase Curve Warning LED Upgrade Planning 2022 2022-23 60,000 10,000 1,123 17% PM21-7401 Pedestrian and Bicycle Safety Admin 2020 2022 36,000 6,000 5,603 17% PM22-7440 Bikeway Master Plan Implementation - FY 21/22 Admin 2022 2023 35,620 35,620 35,620 100% PM22-7441 NTMP Development - FY 21/22 Admin 2022 2023 14,916 14,916 14,916 100% PM22-7443 PM22-7443 - Traffic Control & Safety - FY 21/22 Admin 2022 2023 181,835 97,629 97,629 54% PM22-7446 PM22-7446 - Traffic Project Development - FY 21/22 Admin 2022 2023 1,034 1,034 1,034 100% PM22-7449 ITS Project Development - FY 21/22 (Citywide ITS,SACOG, CALTrans Coordination) Admin 2022 2023 15,982 15,982 100% 15,982 Total Measure A - Transportation Improvements 36,222,699 $ $ 10,815,432 $ 7,091,073 $ Complete 952,160 d
GL Balanc 7,618,542 e
$ 424,690.96 BALANCED
Sacramento Regional Transit Impact Fee
Horn Road LRT Station (City Allocation Only) Planning 2018 Post 2022-23 250,000 250,000 - 100% Total Sacramento Regional Transit Fee $ 250,000 $ 250,000 $ - Housing Trust Development Impact Fee
Administrative Duties associated with Housing Program Admin 2007 Post 2022-23 n/a 142,316 142,316 100% Total Housing Trust Development Impact Fee - $ $ 142,316 $ 142,316 ~ 30 ~
ITEM 14.3.

ATTACHMENT 2
Exhibit A to the Resolution

City Council Staff Report – Page 1 of 4
\

MEMORANDUM
ITEM 14.4.

DATE: December 19, 2022
TO: Honorable Mayor and Council Members
FROM: Kim Juran-Karageorgiou,
Administrative Services Director
SUBJECT: TREASURER’S REPORT – SEPTEMBER 30, 2022

RECOMMENDATION
This report is informational only. It is recommended that the City Council receive and file the September 30, 2022 Treasurer’s Report.

RESULT OF RECOMMENDED ACTION
The Treasurer’s Report is required to be submitted to the City Council at least quarterly in accordance with California Government Code Section 53600 et. seq. The purpose of the Treasurer’s Report is to update the City Council and the public on the status of the City’s cash balances and investments and highlight material changes from one period to another. The scope of this report covers the third quarter of the 2022 calendar year ending September 30, 2022 and is in compliance with the State’s reporting requirements.

BACKGROUND
Attached is the quarterly Treasurer’s Report for the period ending September 30, 2022.

Treasurer’s Reports are provided to the City Council on a quarterly basis.

At June 30, 2022, the value of the City’s total portfolio was $273.0 million. Since that time, the balances decreased by $9.3 million with an ending balance of $263.7 million as of September 30, 2022. The funds are held as follows:

Investment Distribution Book Value Market Value
Cash at Banking Institutions 99,025,435 99,025,435
Local Agency Investment Fund (LAIF) 6,216,125 6,216,125 CAMP Pool 58,637,327 58,637,327
CAMP Managed Account 62,312,543 58,456,852
Insight Investment 42,846,839 41,338,671
Total 269,038,269 263,674,410

City Council Staff Report – Page 2 of 4
Economic conditions in the third quarter of 2022 were characterized by persistently high inflation and aggressive interest rate hikes by the Fed. The rising interest rates led to higher U.S.

Treasury yields but also a two-decade high for mortgage rates, weakening the housing market.

While the probability of a recession increased in the third quarter, the U.S. labor market remained strong with unemployment hovering around 3.5%.

The City’s cash balance as of September 30, 2022 was allocated by fund type/purpose as follows:
 General Fund: $39.1 million
 Community Enhancement Fund: $13.6 million
 Measure R Fund: $1.5 million
 Sunrise Development Impact Fees (restricted for specific improvements needed as a result of development in the area): $54.8 million
 Transportation Funds: $75.3 million
 Storm Drain Fund: $20.3 million
Cash at Banking
Institutions 37.6%
Local Agency
Investment Fund (LAIF)

2.4% CAMP Pool 22.2%,
CAMP Managed
Account 22.2%
Insight Investment

15.7%
Investment Portfolio

City Council Staff Report – Page 3 of 4
 Capital Projects/Grant/Special Revenue Funds: $59.4 million  Agency Funds: $5.0 million
The overall portfolio is well diversified with $105.1 million invested in marketable securities, $64.9 million is invested in short-term investments that are considered liquid (LAIF, CAMP, and money markets), and another $99.0 million is on deposit with our banks, which includes $11.6 million on deposit with three local banks as part of the City’s participation in a local banking initiative and COVID-19 Lift Program. Staff, in conjunction with our financial advisors, periodically reviews the mix of liquid and long-term investments and adjusts the portfolio according to the market conditions and our short-term cash needs.

Staff thoroughly reviews investment statements and makes appropriate inquiries of its investment advisors to confirm the existence and viability of the City’s assets. The City invests conservatively in investment policy options in accordance with California State Government Code. The long-term assets are in securities that can be held to maturity, thus are less vulnerable to the fluctuations of the market. All securities are in compliance with the City’s investment policy. There are sufficient funds to meet the City’s expenditure requirements for the next six months.

The distribution of investments are displayed in the following charts:

Under 1 Year

69.1%
1 to 3 Years

25.2%
Over 3 Years

5.7%
Investment Ladder

City Council Staff Report – Page 4 of 4

ATTACHMENT(S)

1. City of Rancho Cordova Treasurer’s Report for the quarter ended September 30, 2022 Short Term Investment
Pool 62.2%
U.S. Treasury Bond /
Note 15.8%
Supra-National Agency
Bond / Note 0.4%
Municipal Bond / Note

0.7%
Federal Agency
Collateralized Mortgage
Obligation 0.1%
Federal Agency Bond /
Note 9.1%
Corporate Note 4.4% Corporate Bonds 4.5%
Certificate of Deposit

0.3% Asset-Backed Security

2.3%
Allocation By Security Type

Security Held Book Value Market Value
Wells Fargo Bank 87,445,209 87,445,209
5 Star Bank 5,303,960 5,303,960
American River Bank 5,276,251 5,276,251
Tri Counties Bank 1,000,015 1,000,015
Local Agency Investment Fund (LAIF) 6,216,125 6,216,125 CAMP Pool 58,637,327 58,637,327
CAMP Managed Account 62,312,543 58,456,852
Insight Investment 42,846,839 41,338,671
Total 269,038,269 263,674,410

CITY OF RANCHO CORDOVA

TREASURER'S REPORT
FOR THE QUARTER ENDED September 30, 2022
ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

ITEM 14.4. ATTACHMENT 1

SECURITIES HELD
As of September 30, 2022

CITY OF RANCHO CORDOVA
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Cusip Historical cost Total
accrued
interest
%
Portcost
Par value or
shares
Description
Asset Backed Securities89239JAD6 TOYOTA AUTO RECEIVABLES OWNER TAOT 2019-B A3 2.570 08/15/2023 2,467.55 2,514.20 2,479.84 2,466.91 (12.93) 2.64 0.01Total Asset Backed Securities 2,467.55 2,514.20 2,479.84 2,466.91 (12.93) 2.64 0.01 Cash and Cash Equivalents
Cash and Cash Equivalents 0.000 164,977.41 164,977.41 164,977.41 164,977.41 0.00 0.00 0.38 Total Cash and Cash Equivalents 164,977.41 164,977.41 164,977.41 164,977.41 0.00 0.00 0.38 Corporate Bonds02665WDH1 AMERICAN HONDA FINANCE 1.95% 10MAY2023 1.950 05/10/2023 600,000.00 609,648.00 604,358.44 591,917.98 (12,440.46) 4,550.00 1.41 90331HNV1 3.400 07/24/2023 682,090.50 656,279.61 (11,506.17) 4,051.67 06/24/2023
US BANK NA CINCINNATI 3.4% 24JUL2023 (CALLABLE 650,000.00 644,773.44 1.5823JUN23) 69349LAM0 3.800 07/25/2023 775,057.50 763,201.27 (17,335.16) 5,145.83 06/25/2023
PNC BANK NA 3.8% 25JUL2023 (CALLABLE 25JUN23) 750,000.00 745,866.11 1.79 89236THA6 TOYOTA MOTOR CREDIT CORP 1.35% 25AUG2023 1.350 08/25/2023 1,000,000.00 1,006,650.00 1,003,669.35 970,940.00 (32,729.35) 1,312.50 2.3306051GHC6 3.004 12/20/2023 888,190.50 854,657.38 (9,170.42) 7,092.78 12/20/2022
BANK OF AMERICA CORP 3.004% 20DEC2023 850,000.00 845,486.96 2.05(CALLABLE 20DEC22) 02665WCT6 AMERICAN HONDA FINANCE 3.55% 12JAN2024 3.550 01/12/2024 600,000.00 654,468.00 623,171.47 591,019.57 (32,151.90) 4,615.00 1.5117325FAS7 3.650 01/23/2024 1,076,820.00 1,037,728.67 (51,439.16) 6,793.06 12/23/2023
CITIBANK NA 3.65% 23JAN2024 (CALLABLE 23DEC23) 1,000,000.00 986,289.51 2.49 8 ITEM 14.4. ATTACHMENT
1

SECURITIES HELD
As of September 30, 2022

CITY OF RANCHO CORDOVA
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Cusip Historical cost Total
accrued
interest
%
Portcost
Par value or
shares
Description
Corporate Bonds459200HU8 IBM CORP 3.625% 12FEB2024 3.625 02/12/2024 600,000.00 652,356.00 624,462.63 591,926.45 (32,536.18) 2,900.00 1.51 037833CU2 2.850 05/11/2024 413,260.00 404,417.17 (14,276.41) 4,401.67 03/11/2024
APPLE INC 2.85% 11MAY2024 (CALLABLE 11MAR24) 400,000.00 390,140.76 0.95 14913R2L0 CATERPILLAR FINL SERVICE 0.45% 17MAY2024 0.450 05/17/2024 1,000,000.00 998,760.00 999,250.38 935,321.39 (63,928.99) 1,662.50 2.3106051GHL6 3.864 07/23/2024 856,216.00 820,823.37 (31,704.71) 5,753.07 07/23/2023
BANK OF AMERICA CORP 3.864% 23JUL2024 (CALLABLE 800,000.00 789,118.66 1.9823JUL23) 931142DV2 2.650 12/15/2024 1,009,812.00 989,605.24 (69,970.71) 7,342.71 10/15/2024
WALMART INC 2.65% 15DEC2024 (CALLABLE 15OCT24) 950,000.00 919,634.53 2.33 166764BW9 1.554 05/11/2025 1,525,696.00 1,535,438.54 (57,156.00) 9,600.27 04/11/2025
CHEVRON CORP 1.554% 11MAY2025 (CALLABLE 1,600,000.00 1,478,282.54 3.5211APR25) 24422ETC3 JOHN DEERE CAPITAL CORP 3.4% 11SEP2025 3.400 09/11/2025 600,000.00 593,280.00 593,470.77 578,572.69 (14,898.08) 1,076.67 1.3746625HRS1 3.200 06/15/2026 949,700.00 950,148.11 (21,789.69) 9,333.33 03/15/2026
JPMORGAN CHASE & CO 3.2% 15JUN2026 (CALLABLE 1,000,000.00 928,358.42 2.1915MAR26) Total Corporate Bonds 12,400,000.00 12,692,004.50 12,460,682.40 11,987,649.01 (473,033.39) 75,631.06 29.32Government Agencies3135G0T78 FANNIE MAE 2% 05OCT2022 2.000 10/05/2022 1,000,000.00 988,920.00 999,955.93 999,916.94 (38.99) 9,722.22 2.28 3133EA7E2 FEDERAL FARM CREDIT BANK 1.96% 07NOV2022 1.960 11/07/2022 1,000,000.00 1,009,046.00 1,000,328.14 998,350.19 (1,977.95) 7,785.56 2.333135G0T94 FANNIE MAE 2.375% 19JAN2023 2.375 01/19/2023 980,000.00 998,228.00 981,553.44 975,929.68 (5,623.76) 4,590.35 2.31 9 ITEM 14.4. ATTACHMENT
1

SECURITIES HELD
As of September 30, 2022

CITY OF RANCHO CORDOVA
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Cusip Historical cost Total
accrued
interest
%
Portcost
Par value or
shares
Description
Government Agencies3133EKKT2 FEDERAL FARM CREDIT BANK 2.25% 08FEB2023 2.250 02/08/2023 840,000.00 853,524.00 841,327.51 836,238.37 (5,089.14) 2,730.00 1.97 3130AJ7E3 FEDERAL HOME LOAN BANK 1.375% 17FEB2023 1.375 02/17/2023 1,200,000.00 1,201,698.09 1,200,688.28 1,189,486.43 (11,201.85) 1,970.83 2.783130ADRG9 FEDERAL HOME LOAN BANK 2.75% 10MAR2023 #0000 2.750 03/10/2023 1,000,000.00 1,014,967.70 1,001,698.46 995,260.95 (6,437.51) 1,527.78 2.343133EKGC4 FEDERAL FARM CREDIT BANK 2.25% 05APR2023 2.250 04/05/2023 1,000,000.00 996,160.00 999,505.64 991,020.64 (8,485.00) 10,937.50 2.303137EAEN5 FREDDIE MAC 2.75% 19JUN2023 2.750 06/19/2023 1,000,000.00 1,015,570.00 1,002,672.39 989,127.13 (13,545.26) 7,715.28 2.353135G0U43 FANNIE MAE 2.875% 12SEP2023 2.875 09/12/2023 985,000.00 1,022,617.15 993,553.90 970,886.60 (22,667.30) 1,415.94 2.36 3133EKKU9 FEDERAL FARM CREDIT BANK 2.3% 08NOV2023 2.300 11/08/2023 1,100,000.00 1,122,682.00 1,105,717.19 1,077,003.29 (28,713.90) 9,979.44 2.593133EJ2B4 FEDERAL FARM CREDIT BANK 3% 06DEC2023 3.000 12/06/2023 1,250,000.00 1,339,837.50 1,289,576.81 1,230,390.61 (59,186.20) 11,875.00 3.09 3134GVP51 FREDDIE MAC 0.5% 15DEC2023 CALLABLE 0.500 12/15/2023 1,000,000.00 1,000,000.00 1,000,000.00 956,304.30 (43,695.70) 1,458.33 2.313133EKMX1 FEDERAL FARM CREDIT BANK 2.23% 23FEB2024 2.230 02/23/2024 2,100,000.00 2,129,174.84 2,108,926.37 2,040,803.84 (68,122.53) 4,813.08 4.923130AMQQ8 0.350 04/23/2024 999,000.00 999,451.80 (62,953.72) 943.06 12/23/2022
FEDERAL HOME LOAN BANK 0.35% 23APR2024 1,000,000.00 936,498.08 2.31(CALLABLE 23DEC22) 3130A1XJ2 FEDERAL HOME LOAN BANK 2.875% 14JUN2024 2.875 06/14/2024 835,000.00 881,814.28 852,119.70 813,971.61 (38,148.09) 7,068.51 2.04 10 ITEM 14.4. ATTACHMENT
1

SECURITIES HELD
As of September 30, 2022

CITY OF RANCHO CORDOVA
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Cusip Historical cost Total
accrued
interest
%
Portcost
Par value or
shares
Description
Government Agencies3135GAC90 0.250 07/15/2024 500,000.00 500,000.00 (36,592.19) 260.42 10/15/2022
FANNIE MAE 0.25% 15JUL2024 (CALLABLE 15JAN23) 500,000.00 463,407.81 1.15 3130AL2A1 0.500 02/10/2025 1,002,860.00 1,000,000.00 (90,753.50) 694.44 11/10/2022
FEDERAL HOME LOAN BANK 0.5% 10FEB2025 1,000,000.00 909,246.50 2.32(CALLABLE 10NOV22) Total Government Agencies 17,790,000.00 18,076,099.56 17,877,075.56 17,373,842.97 (503,232.59) 85,487.74 41.75 Government Bonds912828VB3 USA TREASURY 1.75% 15MAY2023 1.750 05/15/2023 850,000.00 854,548.83 850,780.49 837,914.06 (12,866.43) 5,578.13 1.97 91282CCN9 USA TREASURY 0.125% 31JUL2023 0.125 07/31/2023 750,000.00 742,795.48 746,130.43 724,921.88 (21,208.55) 155.40 1.729128282D1 USA TREASURY 1.375% 31AUG2023 1.375 08/31/2023 1,000,000.00 987,734.38 997,048.14 973,906.25 (23,141.89) 1,139.50 2.28912828T26 USA TREASURY 1.375% 30SEP2023 1.375 09/30/2023 1,000,000.00 985,940.85 996,706.30 971,718.75 (24,987.55) 0.00 2.28912828T91 USA TREASURY 1.625% 31OCT2023 1.625 10/31/2023 500,000.00 512,638.39 506,690.91 485,859.38 (20,831.53) 3,378.06 1.1891282CDM0 USA TREASURY 0.5% 30NOV2023 0.500 11/30/2023 1,200,000.00 1,191,894.65 1,195,010.29 1,148,484.37 (46,525.92) 2,000.00 2.75912828W71 USA TREASURY 2.125% 31MAR2024 2.125 03/31/2024 1,000,000.00 1,019,143.98 1,006,491.89 968,242.19 (38,249.70) 0.00 2.3591282CCG4 USA TREASURY 0.25% 15JUN2024 0.250 06/15/2024 900,000.00 894,413.17 896,795.79 840,621.10 (56,174.69) 657.79 2.07912828YE4 USA TREASURY 1.25% 31AUG2024 1.250 08/31/2024 1,150,000.00 1,180,999.95 1,169,350.81 1,086,929.69 (82,421.12) 1,191.30 2.73 11 ITEM 14.4. ATTACHMENT
1

SECURITIES HELD
As of September 30, 2022

CITY OF RANCHO CORDOVA
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Cusip Historical cost Total
accrued
interest
%
Portcost
Par value or
shares
Description
Government Bonds912828YH7 USA TREASURY 1.5% 30SEP2024 1.500 09/30/2024 900,000.00 929,077.23 918,995.04 853,207.03 (65,788.01) 0.00 2.15 912828YY0 USA TREASURY 1.75% 31DEC2024 1.750 12/31/2024 1,000,000.00 1,041,253.35 1,028,175.52 947,500.00 (80,675.52) 4,398.91 2.4191282CAJ0 USA TREASURY 0.25% 31AUG2025 0.250 08/31/2025 1,400,000.00 1,279,250.00 1,289,511.16 1,247,148.43 (42,362.73) 290.06 2.959128285J5 USA TREASURY 3% 31OCT2025 3.000 10/31/2025 750,000.00 739,660.72 739,937.51 723,281.25 (16,656.26) 9,354.62 1.71 Total Government Bonds 12,400,000.00 12,359,350.98 12,341,624.28 11,809,734.38 (531,889.90) 28,143.77 28.55Grand total 42,757,444.96 43,294,946.65 42,846,839.49 41,338,670.68 (1,508,168.81) 189,265.21 100.00 12 ITEM 14.4. ATTACHMENT
1

MEMORANDUM
City Council Staff Report - Page 1 of 2

ITEM 14.5.

DATE: December 19, 2022
TO: Honorable Mayor and Council Members
FROM: Stefan Heisler, Housing Manager
SUBJECT: A RESOLUTION AUTHORIZING APPLICATION AND RECEIPT OF

CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT REAP 2.0 HIGHER IMPACT TRANSFORMATIVE
(HIT) ALLOCATION FUNDING

RECOMMENDATION
Adopt the Resolution.

RESULT OF RECOMMENDED ACTION
Adoption of the Resolution would authorize staff to submit an application to the competitive statewide California Department of Housing and Community Development (HCD) $30 million REAP 2.0 High Impact Transformative (HIT) program to construct utility infrastructure in support of the Mills Crossing project.

BACKGROUND
The Mills Crossing project is continuing to move forward into the Predevelopment Phase as an approximately 100,000 square foot community commercial development, approximately 3 acres of public plaza and open space, and 100 or more housing units.

As the project moves forward staff and the development team are continuing to look for grant opportunities to support the project. Recently, in October and November 2022, staff submitted two applications to the SACOG Green Means Go program to support the anticipated utility infrastructure improvements needed for the Mills Crossing project. These included a $486,000 Early Activation grant, which was awarded on November 10, 2022, and a $5,000,000 Capital Category funding request which is still pending.

The anticipated utility infrastructure costs exceed the grant amounts requested, therefore staff are looking for additional grant programs to support the project. One such program that is now available is the competitive REAP 2.0 HIT program being offered by CA HCD. The program intent is to produce infill development, housing for all incomes, reduced vehicle miles traveled, and affirmatively furthering fair housing. Staff and the development team believe that the Mills Crossing program is a good fit for this grant program and anticipates submitting an application for $4,000,000. REAP 2.0 HIT applications are due by December 31, 2022 and are required to submit a resolution from the jurisdiction’s governing body authorizing application for and receipt

City Council Staff Report - Page 2 of 2

of program funds. Program award selections are anticipated in Spring of 2023 and all funds must be expended by June 30, 2026.

FISCAL IMPACT AND FUNDING SOURCE
There is no local match requirement to apply for the REAP 2.0 HIT program, however previous city funding commitments to the Mills Crossing project will be used to show existing financial leverage.

ATTACHMENT(S)

1. Resolution

ITEM 14.5. ATTACHMENT 1
Resolution No. XX-2022 Page 1 of 2

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2022

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, STATE

OF CALIFORNIA, AUTHORIZING APPLICATION FOR AND RECEIPT OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT REAP 2.0 HIGH IMPACT

TRANSFORMATIVE PROGRAM FUNDS
A necessary quorum and majority of the council members of the City of Rancho Cordova, a California Municipal Corporation (“Applicant”) hereby consents to, adopts, and ratifies the following resolution:

WHEREAS, the Department is authorized to provide up to $30,000,000 to Eligible Entities (“Applicant”) listed in Health and Safety Code Section 50515.08, subdivisions (a)(1)-(6) under the Higher Impact Transformative (HIT) Allocation of the Regional Early Action Planning grants program (REAP 2.0), as detailed in Health and Safety Code Section 50515.08-10; and WHEREAS, the State of California (the “State”), Department of Housing and Community Development (“Department”) issued a Notice of Funding Availability on November 9, 2022 for REAP 2.0 HIT Allocation funds available to Eligible Entities; and WHEREAS, Applicant is an Eligible Entity eligible to submit a Request for Funds pursuant to Health and Safety Code Section 50515.08(c) to develop and accelerate the implementation of the requirements described in Health and Safety Code section 50515.08(c)(1); and WHEREAS, the Department shall approve the Request for Funds, subject to the terms and conditions of Eligibility, Guidelines, NOFAs, Program requirements, and the Standard Agreement by and between the Department and REAP 2.0 Grant Recipients.

NOW, THEREFORE, BE IT HEREBY RESOLVED THE CITY COUNCIL OF THE CITY

OF RANCHO CORDOVA

1. The City of Rancho Cordova is hereby authorized and directed to request an allocation of funds not to exceed $4,000,000 (the amount allocated pursuant to Health and Safety Code section 50515.07(a) consistent with the methodology described in 50515.09(a)).

2. The City Manager is authorized to execute the Request for Funds, on behalf of the City of Rancho Cordova as required by the Department for receipt of REAP 2.0 funds.

3. When the City of Rancho Cordova receives an allocation of REAP 2.0 funds in the authorized amount of $4,000,000 from the Department pursuant to the above referenced Request for Funds, it represents and certifies that it will use all such funds only for eligible activities as set forth in Health and Safety Code section 50515.08(c)(1), as approved by the Department and in accordance with all REAP 2.0 requirements, guidelines, all applicable state and federal statutes, rules, regulations, and the Standard Agreement executed by and between the Applicant City of Rancho Cordova and the Department.

4. The City Manager is authorized to enter into, execute, and deliver a State of California Standard Agreement for the amount of $4,000,000, and any and all other documents required or deemed necessary or appropriate to evidence and secure the REAP 2.0 Allocation, the City of Rancho Cordova obligations related thereto and all amendments

ITEM 14.5. ATTACHMENT 1
Resolution No. XX-2022 Page 2 of 2
the Department deems necessary and in accordance with REAP 2.0.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova on the 19th day of December 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:
, Mayor
Stacy Leitner, CMC
City Clerk

MEMORANDUM
City Council Staff Report - Page 1 of 2

ITEM 14.6.

DATE: December 19, 2022
TO: Honorable Mayor and Council Members
FROM: Stefan Heisler, Housing Manager
SUBJECT: A RESOLUTION AUTHORIZING THE SALE OF CITY-OWNED PROPERTY AT 4381 ANATOLIA DR, RANCHO CORDOVA, AND

AUTHORIZING EXECUTION OF A PURCHASE AND SALE

AGREEMENT AND JOINT ESCROW INSTRUCTIONS

RECOMMENDATION
Adopt the Resolution.

RESULT OF RECOMMENDED ACTION
Adoption of the Resolution would allow the City Manager to proceed with the execution of documents necessary to sell the city-owned property located at 4381 Anatolia Drive, APN 067- 0430-037 for the amount of $440,000.

BACKGROUND
The city-owned property at 4381 Anatolia Drive, APN 067-0430-037, is a vacant approximately

2.8-acre site zoned RD-20 (medium density residential of 18-20 units per acre). This site was acquired by the city in August 2019 through a land exchange with the Sacramento Metropolitan Fire District (Sac Metro Fire). The city exchanged a site in the Montelena subdivision, where Sac Metro Fire is completing construction of Fire Station 68. The site is identified for moderate income housing in the city’s 2021-2029 Housing Element Regional Housing Needs Assessment (RHNA) site inventory.

On June 20, 2022 the City Council declared the site surplus land. Staff subsequently followed the required State process as described in the Surplus Land Act (SLA, Government Code Section 54221) to submit a Notice of Availability to the California Department of Housing and Community Development (HCD) and eligible entities. No entities responded expressing interest in acquiring or leasing the property. Staff received notice from HCD on October 3, 2022 notifying the city of satisfaction with the SLA requirements and providing provisional permission to proceed with a sale or lease of the property.

At this time the city has received an offer to purchase the city’s property from D&S Development (D&S). D&S has submitted an application for development review to the city’s Planning Division for 172 housing units across the city’s property and the adjacent 6.8 acres of RD-20 zoned land. This application will undergo the city’s normal development and design

City Council Staff Report - Page 2 of 2

review process (the entitlement process). By request from D&S, the sale of the city’s property will not occur until D&S receives project entitlements. The Purchase and Sale Agreement (PSA) will provide D&S up to 12 months to receive entitlements, with one additional 3-month extension allowed.

As a condition under Section 54233 of the SLA, the city must require that a buyer or lessor rent 15% of housing units created on the city property at an affordable housing price. Based on the current D&S application, this would result in approximately 10 restricted units. D&S has agreed to enter into an affordable housing and rental restriction agreement with the city, which will be recorded on the city property at escrow closing pursuant to which at least ten (10) units will be restricted for fifty-five (55) years.

FISCAL IMPACT AND FUNDING SOURCE
The sale price for the land is $440,000. The PSA also includes a $2,000 fee to the city, and D&S and the city will split escrow closing costs estimated to be less than $10,000 cost to the city.

ATTACHMENT(S)

1. Resolution

2. Purchase and Sale Agreement

3. Site Map

4. Notice of Exemption

ITEM 14.6. ATTACHMENT 1
Resolution No. XX-2022 Page 1 of 2

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2022

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA

AUTHORIZING THE SALE OF PROPERTY AND AUTHORIZING EXECUTION OF A

PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS WHEREAS, the City of Rancho Cordova (“City”) is the owner of the 2.8 acre property at 4381 Anatolia Drive, APN 067-0430-037 (“Property”); and WHEREAS, the Property is a vacant, surplus site and the City is willing to sell the Property; and
WHEREAS, the City has complied with the California Surplus Land Act (Government Code Section 54221) (“SLA”) to declare the Property surplus, and has received permission from the California Department of Housing and Community Development to proceed with a sale of the Property; and
WHEREAS, the City has received an offer to purchase the Property from D&S Development (“Buyer”), which is agreeable to the City; and WHEREAS, the sale of surplus Government property is exempt from the California Environmental Quality Act (CEQA) pursuant to Title 14 of the California Code of Regulations, Chapter 3, Division 6 (State CEQA Guidelines) Section 15312, Class 12 (Surplus Government Property Sales).

NOW, THEREFORE, BE IT HEREBY RESOLVED THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA authorizes the City Manager and/or his designees to execute a Purchase and Sale Agreement and Joint Escrow Instructions for the sale of the Property at a sale price of $440,000, which Agreement shall be in a form approved by the City Attorney, and to execute such other documents and to take such other actions as necessary to consummate the transaction contemplated by this resolution, including without limitation, the execution of contracts required in connection with any additional requirements under the SLA.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova on the 19th day of December 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:
, Mayor

ITEM 14.6. ATTACHMENT 1
Resolution No. XX-2022 Page 2 of 2
Stacy Leitner, CMC
City Clerk

1 5210469.1

PURCHASE AND SALE AGREEMENT

AND JOINT ESCROW INSTRUCTIONS

THIS PURCHASE AND SALE AGREEMENT AND JOINT ESCROW
INSTRUCTIONS (this “Agreement”) is entered into as of __________, 2022 (the “Effective Date”), by the City of Rancho Cordova, a California municipal corporation (the “City” or the “Seller”) and Brighton Ten LLC, a Delaware limited liability company (the “Buyer”). Seller and Buyer are collectively referred to herein as the “Parties.”

RECITALS
A. The City is the owner of certain real property located at 4381 Anatolia Drive, also known as Sacramento County Assessor’s Parcel Number 067-0430-037 in the City of Rancho Cordova (the “City Property”), as more particularly described in Exhibit A attached hereto and incorporated herein by this reference.

B. The City has complied with the State Lands Act, Government Code, Title 5, Division 2, Part 1, Chapter 5, Article 8, (the “SLA”) with respect to the disposal of the City Property.

C. The Buyer owns certain property located adjacent to the City Property (the Buyer Property”).

D. Buyer desires to purchase the City Property to construct a rental housing development consisting of 30 apartments and 140 duplex housing units on the combined City Property and Buyer Property (the “Project”), of which approximately sixty-eight (68) units will be located on the City Property.

E. As a condition under Section 54233 of the SLA the City must require that Buyer rent 15% of the housing units (approximately ten (10) units) located on the City Property at an affordable housing price, as required under the SLA, and Buyer has agreed to enter into an Affordable Housing and Rental Restriction Agreement (the “Affordable Housing Agreement”) with the City, which will be recorded on the City Property at Closing (defined below) pursuant to which at least ten (10) units will be restricted for fiftyfive (55) years.

F. Buyer has agreed to pay Four Hundred Forty Thousand Dollars ($440,000) (the “Purchase Price”) to Seller for the purchase of the City Property.

G. Buyer has requested an extended closing date of up to twelve (12) months following Opening of Escrow (defined below) (the “Closing”) in order to ensure that Buyer has sufficient time to ensure that the City Property is properly zoned for the Project and to obtain the entitlements (the “Entitlements”) required to construct the Project.

ITEM 14.6. ATTACHMENT 2

2 5210469.1
H. The City has agreed to an extended Closing, as set forth in this Agreement, provided that Buyer pay a non-refundable extended closing fee of Two Thousand Dollars ($2,000) (the “Fee”) to City upon Opening of Escrow.

I. Buyer agrees to purchase the City Property, and Seller agrees to sell the City Property to Buyer, subject to the terms and conditions of this Agreement.

NOW, THEREFORE, for and in consideration of the mutual covenants and agreements contained in this Agreement, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged by the parties, Seller and Buyer hereby agree as follows:

1. INCORPORATION OF RECITALS AND EXHIBITS. The Recitals set forth above and the Exhibits attached to this Agreement are each incorporated into the body of this Agreement as if set forth in full.

2. PURCHASE AND SALE.

2.1 Agreement to Buy and Sell. Subject to the terms and conditions set forth herein, Seller agrees to sell the City Property to Buyer, and Buyer hereby agrees to acquire the City Property from Seller. For purposes of this Agreement, the term “City Property” consists of the following:
(a) Land. The real property located at 4381 Anatolia Drive (known as APN 067-0430-037) as more particularly described in Exhibit A. (b) Appurtenances. All privileges, rights, and easements appurtenant to the Land, including without limitation: all minerals, oil, gas, and other hydrocarbon substances on and under the Land; all development rights, air rights, water, water rights, and water stock relating to the Land; all right, title, and interest of Seller in and to streets, alleys, passages, water and sewer taps, sanitary or storm drain capacity or reservations and rights under utility agreements; and other easements and other rights-of-way included in, adjacent to, or used in connection with the beneficial use and enjoyment of the Land, if any (collectively, the “Appurtenances”). (c) Improvements. All buildings, structures, fences, or improvements located upon the City Property or upon the Improvements, including fixtures, systems, and equipment attached to the City Property or Improvements and used in connection with the operations or occupancy of the City Property and Improvements, if any (collectively, the “Improvements”). (d) Personal City Property. All tangible personal property and all intangible property owned by Seller that is located on or in or is used in connection with the use or operation of any of the City Property (“Personal City Property”).

Personal City Property includes without limitation, all of the following: (i) all licenses and permits related to the City Property, and (ii) all plans, drawings, reports, records and ITEM 14.6. ATTACHMENT 2

3 5210469.1
engineering studies located within, used in connection with, or related to the City Property.

2.2 Purchase Price. The Purchase Price for the City Property to be paid by Buyer to Seller is Four Hundred Forty Thousand Dollars ($440,000). The Purchase Price will be paid in immediately available funds to Seller on the Closing Date (defined below) at the address of Seller as provided in Section 10.8 of this Agreement.

3. ESCROW.

3.1 Escrow Account. Seller has opened an escrow account (the “Escrow”) maintained by Placer Title Company, 301 University Ave, Suite 120, Sacramento, CA 95825 Attn: Jenny Vega (the “Escrow Holder”), with interest accruing to the benefit of Buyer. Escrow Holder shall perform all escrow and title services in connection with this Agreement.

3.2 Opening of Escrow. Within seven (7) business days after the Effective Date, the Parties will deposit into Escrow the fully executed Agreement, or executed counterparts thereto. The date such fully executed Agreement is received by Escrow Holder will be deemed the “Opening of Escrow” and Escrow Holder will give written notice to the Parties of such occurrence.

3.3 Buyer’s Deposit. Within two (2) business days after the Opening of Escrow, the Buyer shall deposit Zero Dollars ($0.00) in Escrow (the “Initial Deposit”).

If Buyer delivers the Approval Notice (defined below) in accordance with Section 3.5 below, then upon expiration of Buyer’s Due Diligence Contingency Period, as set forth in Section 5.2 below, Buyer shall deposit an additional Thirteen Thousand Dollars ($13,000) (the “Additional Deposit”). The Initial Deposit and Additional Deposit are sometimes collectively referred to herein as the “Deposit.”

3.4 Payment of Fee. Buyer shall deposit the Fee in the amount of Two Thousand Dollars ($2,000) immediately upon Opening of Escrow. The Escrow Holder shall immediately transfer the Fee to the City in accordance with written instructions from the City. The Fee shall be non-refundable to Buyer under any circumstances, including but not limited to a default by City under this Agreement.

3.5 Satisfaction of Due Diligence Contingency. Buyer shall have the right, in its sole discretion, to terminate this Agreement for any reason prior to the expiration of the Due Diligence Contingency Period (as defined in Section 5.2(a) below) and receive a refund of the Deposits, if any. Buyer hereby agrees to provide written notice to Seller prior to the expiration of the Due Diligence Contingency Period if Buyer disapproves any due diligence items or approves all due diligence items (“Approval Notice”). If Buyer disapproves any items through the delivery of the Approval Notice to Seller before 5:00 p.m. on the last day of the Due Diligence Contingency Period, this Agreement shall terminate, and all amounts deposited by Buyer into escrow, together with interest thereon, if any, will be returned to Buyer, and neither Party shall have any ITEM 14.6. ATTACHMENT 2

4 5210469.1
further rights or obligations hereunder except those which expressly survive the termination hereof.

3.6 Independent Consideration. As independent consideration for Seller’s entering into this Agreement to sell the City Property to Buyer, Buyer shall deliver the sum of Ten Dollars ($10.00) to Seller (“Independent Consideration”). In the event that Buyer terminates this Agreement in accordance with Section 3.5 above, Seller shall retain the Independent Consideration; in the event that Buyer does not terminate this Agreement as aforesaid, the Independent Consideration shall be applied to the Purchase Price.

4. PROPERTY DISCLOSURE REQUIREMENTS.

4.1 Condition of Title/Preliminary Title Report. Escrow Holder shall deliver a Preliminary Title Report for the City Property (the “Preliminary Report”) to Buyer within three (3) days after the Opening of Escrow. Buyer shall have until the end of the Due Diligence Contingency Period to approve the condition of title to the City Property. If Buyer delivers the Approval Notice, Buyer agrees to take title to the City Property subject to the following “Permitted Exceptions” exclusively: (a) standard printed exceptions in the Preliminary Report acceptable to the Buyer; (b) general and special real property taxes and assessments constituting a lien not yet due and payable; and (c) exceptions to the title referenced in the Approval Notice.

4.2 Environmental and Natural Hazards Disclosure. California Health & Safety Code section 25359.7 requires owners of non-residential real property who know, or have reasonable cause to believe, that any release of hazardous substances are located on or beneath the real property to provide written notice of same to the buyer of real property. Other applicable laws require Seller to provide certain disclosures regarding natural hazards affecting the City Property. Seller agrees to make all necessary disclosures required by law within fifteen (15) business days after the Opening of Escrow.

5. CLOSING AND PAYMENT OF PURCHASE PRICE.

5.1 Closing. The closing (the “Closing” or “Close of Escrow”) will occur thirty (30) days after Buyer has received the Entitlements for the Project (the “Closing Date”). In the event the Closing has not occurred by the end of the twelfth month after the Opening of Escrow, then Close of Escrow may be extended up to an additional ninety (90) days (the “Extension Period) at the request of the Buyer. If Close of Escrow has not occurred by the end of the Extension Period, this Agreement shall automatically terminate, and neither Party shall have any further rights or obligations hereunder.

5.2 Buyer’s Conditions to Closing. Buyer's obligation to purchase the City Property is subject to the satisfaction of all of the following conditions or Buyer's written waiver thereof (in Buyer’s sole discretion) on or before the Closing Date:

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(a) Buyer shall have nine (9) months from Opening of Escrow (the “Due Diligence Contingency Period”) to complete physical inspections of the City Property and due diligence related to the purchase of the City Property. Seller shall provide to Buyer copies of all reasonably available and known documents, records, maps, memoranda, reports, data, whether in electronic or physical format relating to the ownership and operation of the City Property, including but not limited to plans, permits and reports (environmental, structural, mechanical, engineering and land surveys) that Seller has in its possession not later than five (5) business days following the execution and delivery of this Agreement. All physical inspections must be coordinated with Seller’s representative and require twenty-four (24) hour prior notice to Seller. (b) Seller has performed all obligations to be performed by Seller pursuant to this Agreement.
(c) Seller's representations and warranties herein are true and correct in all material respects as of the Closing Date. (d) Buyer has received the Entitlements.
(d) The Title Company is irrevocably committed to issue a CLTA Title Policy to Buyer, effective as of the Closing Date, insuring title to Buyer in the full amount of the Purchase Price subject only to the Permitted Exceptions.

5.3 Seller’s Conditions to Closing. The Close of Escrow and Seller's obligation to sell and convey the City Property to Buyer are subject to the satisfaction of the following conditions or Seller's written waiver (in Seller’s sole discretion) of such conditions on or before the Closing Date:
(a) Buyer has performed all obligations to be performed by Buyer pursuant to this Agreement before Closing Date.
(b) Buyer's representations and warranties set forth herein are true and correct in all material respects as of the Closing Date. (c) Buyer has executed the Affordable Housing Agreement. (d) Buyer has received the Entitlements necessary to construct the Project.

5.4 Conveyance of Title. Seller shall deliver marketable fee simple title to Buyer at the Closing, subject only to the Permitted Exceptions. The City Property will be conveyed by Seller to Buyer in an “as is” condition, with no warranty, express or implied, by Seller as to the physical condition of the City Property including, but not limited to, the soil, its geology, or the presence of known or unknown faults or hazardous materials, hazardous substances, or hazardous waste (as those terms are respectively defined in state and federal laws) on, in, under and adjacent to the City ITEM 14.6. ATTACHMENT 2

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Property, the air, soil, and groundwater. provided, however, that the foregoing shall not relieve Seller from disclosure of any conditions of which Seller has actual knowledge.

5.5 Deliveries at Closing.
(a) Deliveries by Seller. Seller shall deposit into the Escrow for delivery to Buyer at Closing: (i) a grant deed; (ii) an executed copy of the Affordable Housing Agreement; (iii) an affidavit or qualifying statement which satisfies the requirements of paragraph 1445 of the Internal Revenue Code of 1986, as amended, any regulations thereunder (the “Non-Foreign Affidavit”); and (iv) a California Franchise Tax Board form 590 to satisfy the requirements of California Revenue and Taxation Code Section 18805(b) and 26131 (the “California Certificate”). (b) Deliveries by Buyer. No less than one (1) business day prior to the close of escrow, Buyer shall deposit into escrow (i) immediately available funds in the amount, which together with the Deposit and interest thereon, if any, is equal to:
(a) the Purchase Price as adjusted by any prorations between the Parties; (b) the escrow fees and recording fees; and (c) the cost of the Title Policy; (ii) an executed copy of the Affordable Housing Agreement; and (iii) such documents as may be required by Escrow Holder.
(c) Closing. Upon Closing, Escrow Holder shall: (i) record the grant deed; (ii) record the Affordable Housing Agreement; (iii) disburse to Seller the Purchase Price, less Seller’s share of any escrow fees, costs and expenses; (iv) deliver to Buyer the Non-Foreign Affidavit, the California Certificate and the original recorded grant deed; (v) pay any broker commissions and other expenses payable through escrow; (vi) distribute to itself the payment of escrow fees and expenses required hereunder; and (vii) deliver the title policy to the Buyer. (d) Closing Costs. Buyer and seller will split all escrow and recording fees 50/50. Buyer will pay title insurance and title report costs and Seller will pay all governmental conveyance fees and all transfer taxes. All other costs and fees shall be paid in accordance with custom and practice in Sacramento County. (e) Pro-Rations. At the close of escrow, the Escrow Agent shall make the following prorations: (i) property taxes will be prorated as of the Close of Escrow based upon the most recent tax bill available, including any property taxes which may be assessed after the close of escrow but which pertain to the period prior to the transfer of title to the City Property to Seller, regardless of when or to whom notice thereof is delivered; (ii) any bond or assessment that constitutes a lien on the City Property at the Close of Escrow will be assumed by Buyer as of the date of closing.

Seller does not pay ad valorem taxes.

6. REPRESENTATIONS, WARRANTIES AND COVENANTS.

6.1 Seller’s Representations, Warranties and Covenants. In addition to the representations, warranties and covenants of Seller contained in other sections of this Agreement, Seller hereby represents, warrants and covenants to Buyer that the ITEM 14.6. ATTACHMENT 2

7 5210469.1
statements below in this Section 6.1 are each true and correct as of the Closing Date provided however, if to Seller’s actual knowledge any such statement becomes untrue prior to Closing, Seller will notify Buyer in writing and Buyer will have fifteen (15) business days thereafter to determine if Buyer wishes to proceed with Closing. If Buyer determines it does not wish to proceed, this Agreement shall terminate and all Deposits shall be returned to the Buyer.
(a) Authority. Seller is a California municipal corporation, lawfully formed, in existence and in good standing under the laws of the State of California. Seller has the full right, capacity, power and authority to enter into and carry out the terms of this Agreement. This Agreement has been duly executed by the Seller, and upon delivery to and execution by Buyer is a valid and binding agreement of Seller. (b) Encumbrances. Seller has not alienated, encumbered, transferred, mortgaged, assigned, pledged, or otherwise conveyed its interest in the City Property or any portion thereof, nor entered into any agreement to do so, and there are no liens, encumbrances, mortgages, covenants, conditions, reservations, restrictions, easements or other matters affecting the City Property, except as disclosed in the Preliminary Report. Seller will not, directly or indirectly, alienate, encumber, transfer, mortgage, assign, pledge, or otherwise convey its interest prior to the Close of Escrow, as long as this Agreement is in force.
(c) Conflicts. There are no agreements affecting the City Property except those which have been disclosed by Seller. There are no agreements which will be binding on the Buyer or the City Property after the Close of Escrow, which cannot be terminated on thirty (30) days prior written notice. (d) No Leases. There are no leases or rental agreements affecting the City Property, and no persons have any rights to occupy any portion of the City Property. Between the Effective Date and the earlier of the Closing or the termination of this Agreement, Seller shall not enter into any new leases of any portion of the City Property.
(e) Environmental. Seller makes no representations or
warranties concerning the environmental condition of the City Property. Buyer will satisfy itself concerning the environmental condition of the City Property, including but not limited to whether the City Property or any portion thereof, including but not limited to the air, soil, or groundwater in, on, beneath, or adjacent to the City Property is contaminated with petroleum hydrocarbons of any kind or form, hazardous materials, hazardous substances, or hazardous wastes (as those terms are respectively defined in state and federal laws).
(f) Condemnation. There is no (i) pending or threatened any contemplated annexation or condemnation proceeding relating to, or otherwise affecting, or which may affect, all or any portion of the City Property, (ii) proposed or pending proceeding to change or redefine the zoning classification of all or any portion of the City Property, or (iii) proposed change in road patterns or grades which may ITEM 14.6. ATTACHMENT 2

8 5210469.1
adversely affect access to the roads providing a means of ingress to or egress from the City Property.
(g) Violations. There is not pending or threatened from any Federal, State, City or local authority, litigation, suit of judgment relating to the City Property. Seller has not been formally notified in writing (including by service of process) by any governmental or quasi-governmental entity that the property is in violation of any environmental laws.
(h) Litigation. There is no litigation, arbitration or adversary proceeding pending or threatened before any court or administrative agency that relates to or affects the City Property. Seller’s performance hereunder, or which will result in any unsatisfied lien, charge, encumbrance or judgment against any part of or any interest in the City Property.
(i) No Contracts. Prior to the Effective Date, Seller has not entered into any contracts, agreements, or understandings, verbal or written, which are still in effect for the sale, transfer, or alienation of any portion of the City Property, or any option, right of refusal, right of first offer or other right relating to any of the foregoing.

Between the Effective Date and Closing, no part of the City Property shall be alienated, encumbered or transferred in a manner which will be binding on Buyer after Closing. (j) No Breach. The execution and delivery of this Agreement and all instruments and agreements associated herewith, and the consummation of the transactions contemplated hereby will not: (i) constitute or result in the breach of, or default under, any oral or written agreement to which Seller is a party or which affects the City Property; (ii) constitute or result in violation of any order, decree, or injuction with respect to which Seller and the City Property, or either of them, are bound; (iii) cause or entitle any party to have a right to accelerate or declare a default under any oral or written agreement to which Seller is a party; and/or (iv) to the best of Seller’s actual knowledge, violate any provisions of any Municipal, State or Federal law, statutory or otherwise, to which Seller or the City Property is or may be subject. (k) Non-Foreign Person. Seller is not a foreign person as defined in Internal Revenue Code section 1445(f)(3).

The truth and accuracy of each of the representations and warranties, and the performance of all covenants of Seller contained in this Agreement are conditions precedent to Buyer’s obligation to proceed with the Closing hereunder. The foregoing representations and warranties shall survive the expiration, termination, or close of escrow of this Agreement and shall not be deemed merged into the deed upon closing.

6.2 Buyer’s Representations and Warranties. In addition to the representations, warranties and covenants of Buyer contained in other sections of this Agreement, Buyer hereby represents, warrants and covenants to Seller that the statements below in this Section 6.5 are each true as of the Effective Date, and, if to Buyer’s actual knowledge any such statement becomes untrue prior to Closing, Buyer ITEM 14.6. ATTACHMENT 2

9 5210469.1
shall so notify Seller in writing and Seller shall have fifteen (15) business days thereafter to determine if Seller wishes to proceed with Closing.
(a) Buyer is a California limited liability company, lawfully formed, in existence and in good standing under the laws of the State of Delaware and qualified to do business in the State of California. Buyer has the full right, capacity, power and authority to enter into and carry out the terms of this Agreement. This Agreement has been duly executed by Buyer, and upon delivery to and execution by Seller shall be a valid and binding agreement of Buyer. (b) Buyer is not bankrupt or insolvent under any applicable federal or state standard, has not filed for protection or relief under any applicable bankruptcy or creditor protection statute, and has not been threatened by creditors with an involuntary application of any applicable bankruptcy or creditor protection statute.

The truth and accuracy of each of the representations and warranties, and the performance of all covenants of Buyer contained in this Agreement are conditions precedent to Seller’s obligation to proceed with the Closing hereunder.

7. REMEDIES. In the event of a breach or default under this Agreement by Buyer, if such breach or default occurs prior to Close of Escrow, Seller reserves the right to either (a) seek specific performance from Buyer or (b) to do any of the following:
(i) to waive the breach or default and proceed to close as provided herein; (ii) to extend the time for performance and the Closing Date until Buyer is able to perform; or (iii) to terminate this Agreement upon written notice to Buyer, whereupon Seller shall cause Escrow Holder to return to Buyer any and all sums placed into the Escrow by Buyer, and except for the rights and obligations expressly provided to survive termination of this Agreement, neither party shall have any further obligations or liabilities hereunder.

IN THE EVENT OF A BREACH OR DEFAULT HEREUNDER BY BUYER AND THE CLOSING DOES NOT OCCUR DUE TO SUCH DEFAULT, SELLER’S SOLE REMEDY SHALL BE TO RETAIN THE DEPOSIT AS LIQUIDATED DAMAGES. THE PARTIES

AGREE THAT IN SUCH INSTANCE, THE DEPOSITS REPRESENT A REASONABLE APPROXIMATION OF SELLER’S DAMAGES AND ARE NOT INTENDED AS A

FORFEITURE OR PENALTY BUT RATHER AN ENFORCEABLE LIQUIDATED DAMAGES PROVISION PURSUANT TO CALIFORNIA CIVIL CODE SECTION 1671, ET SEQ. IN NO EVENT SHALL EITHER PARTY BE ENTITLED TO LOST PROFITS OR CONSEQUENTIAL DAMAGES AS A RESULT OF THE OTHER PARTY’S BREACH OF THIS AGREEMENT.

Buyer’s Initials Seller’s Initials

8. BROKERS. Seller represents that no real estate broker has been retained by Seller in the sale of the City Property or the negotiation of this Agreement. Buyer represents that no real estate broker has been retained by Buyer in the procurement of the City Property or negotiation of this Agreement. Buyer shall indemnify, hold harmless and defend Seller from any and all claims, actions and liability for any breach of the ITEM 14.6. ATTACHMENT 2

10 5210469.1
preceding sentence, and any commission, finder’s fee, or similar charges arising out of Buyer’s conduct.

9. ASSIGNMENT. Absent an express signed written agreement between the Parties to the contrary, neither Seller nor Buyer may assign its rights or delegate its duties under this Agreement without the express written consent of the other, which consent may not be unreasonably withheld. No permitted assignment of any of the rights or obligations under this Agreement shall result in a novation or in any other way release the assignor from its obligations under this Agreement.

10. MISCELLANEOUS.

10.1 Attorneys’ Fees. If any party employs counsel to enforce or interpret this Agreement, including the commencement of any legal proceeding whatsoever (including insolvency, bankruptcy, arbitration, mediation, declaratory relief or other litigation), the prevailing party shall be entitled to recover its reasonable attorneys’ fees and court costs (including the service of process, filing fees, court and court reporter costs, investigative fees, expert witness fees, and the costs of any bonds, whether taxable or not) and shall include the right to recover such fees and costs incurred in any appeal or efforts to collect or otherwise enforce any judgment in its favor in addition to any other remedy it may obtain or be awarded. Any judgment or final order issued in any legal proceeding shall include reimbursement for all such attorneys’ fees and costs. In any legal proceeding, the “prevailing party” shall mean the party determined by the court to most nearly prevail and not necessarily the party in whose favor a judgment is rendered.

10.2 Interpretation. This Agreement has been negotiated at arm’s length and each party has been represented by independent legal counsel in this transaction and this Agreement has been reviewed and revised by counsel to each of the Parties. Accordingly, each party hereby waives any benefit under any rule of law (including Section 1654 of the California Civil Code) or legal decision that would require interpretation of any ambiguities in this Agreement against the drafting party.

10.3 Survival. All indemnities, covenants, representations and warranties contained in this Agreement shall survive Close of Escrow.

10.4 Successors. Except as provided to the contrary in this Agreement, this Agreement shall be binding on and inure to the benefit of the Parties and their successors and assigns.

10.5 Governing Law. This Agreement shall be construed and interpreted in accordance with the laws of the State of California.

10.6 Integrated Agreement; Modifications. This Agreement contains all the agreements of the Parties concerning the subject hereof and cannot be amended or modified except by a written instrument executed and delivered by the parties. There are no representations, agreements, arrangements or understandings, either oral or written, between or among the parties hereto relating to the subject matter of this ITEM 14.6. ATTACHMENT 2

11 5210469.1
Agreement that are not fully expressed herein. In addition there are no representations, agreements, arrangements or understandings, either oral or written, between or among the Parties upon which any party is relying upon in entering this Agreement that are not fully expressed herein.

10.7 Severability. If any term or provision of this Agreement is determined to be illegal, unenforceable, or invalid in whole or in part for any reason, such illegal, unenforceable, or invalid provisions or part thereof shall be stricken from this Agreement, any such provision shall not be affected by the legality, enforceability, or validity of the remainder of this Agreement. If any provision or part thereof of this Agreement is stricken in accordance with the provisions of this Section, then the stricken provision shall be replaced, to the extent possible, with a legal, enforceable and valid provision this is in keeping with the intent of the Parties as expressed herein.

10.8 Notices. Any delivery of this Agreement, notice, modification of this Agreement, collateral or additional agreement, demand, disclosure, request, consent, approval, waiver, declaration or other communication that either party desires or is required to give to the other party or any other person shall be in writing. Any such communication may be served personally, or by nationally recognized overnight delivery service (i.e., Federal Express) which provides a receipt of delivery, or sent by prepaid, first class mail, return receipt requested to the party’s address as set forth below:

To Buyer:

Brighton Ten LLC
1725 Capitol Avenue
Sacramento, CA 95811
Attn: ________________
To Seller: City of Rancho Cordova
2729 Prospect Park Drive
Rancho Cordova, CA 95670
Attn: City Manager
To Escrow Holder: Placer Title Company
301 University Avenue, Suite 120
Sacramento, CA 95825
Attn: Jenny Vega
Any such communication shall be deemed effective upon personal delivery or on the date of first refusal to accept delivery as reflected on the receipt of delivery or return receipt, as applicable. Any party may change its address by notice to the other party.

Each party shall make an ordinary, good faith effort to ensure that it will accept or receive notices that are given in accordance with this section and that any person to be given notice actually receives such notice.

10.9 Time. Time is of the essence to the performance of each and every obligation under this Agreement.

ITEM 14.6. ATTACHMENT 2

12 5210469.1

10.10 Days of Week. If any date for exercise of any right, giving of any notice, or performance of any provision of this Agreement falls on a Saturday, Sunday or holiday, the time for performance will be extended to 5:00 p.m. on the next business day.

10.11 Reasonable Consent and Approval. Except as otherwise provided in this Agreement, whenever a party is required or permitted to give its consent or approval under this Agreement, such consent or approval shall not be unreasonably withheld or delayed. If a party is required or permitted to give its consent or approval in its sole and absolute discretion or if such consent or approval may be unreasonably withheld, such consent or approval may be unreasonably withheld but shall not be unreasonably delayed.

10.12 Further Assurances. The Parties shall at their own cost and expense execute and deliver such further documents and instruments and shall take such other actions as may be reasonably required or appropriate to carry out the intent and purposes of this Agreement.

10.13 Waivers. Any waiver by any party shall be in writing and shall not be construed as a continuing waiver. No waiver will be implied from any delay or failure to take action on account of any default by any party. Consent by any party to any act or omission by another party shall not be construed to be a consent to any other subsequent act or omission or to waive the requirement for consent to be obtained in any future or other instance.

10.14 Signatures/Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Any one of such completely executed counterparts shall be sufficient proof of this Agreement.

10.15 Date and Delivery of Agreement. Notwithstanding anything to the contrary contained in this Agreement, the parties intend that this Agreement shall be deemed effective, and delivered for all purposes under this Agreement, and for the calculation of any statutory time periods based on the date an agreement between parties is effective, executed, or delivered, as of the Effective Date.

10.16 Representation on Authority of Parties. Each person signing this Agreement represents and warrants that he or she is duly authorized and has legal capacity to execute and deliver this Agreement. Each party represents and warrants to the other that the execution and delivery of the Agreement and the performance of such party’s obligations hereunder have been duly authorized and that the Agreement is a valid and legal agreement binding on such party and enforceable in accordance with its terms.

SIGNATURES ON FOLLOWING PAGE
ITEM 14.6. ATTACHMENT 2

13 5210469.1
IN WITNESS WHEREOF, this Agreement is executed by Buyer and Seller as of the Effective Date.

Seller:

City of Rancho Cordova
By:

City Manager
Attest:
___________________________________
City Clerk
Approved as to Form:
___________________________________
City Attorney
Buyer:

Brighton Ten LLC By: ____________________________
Name ____________________________
By: ____________________________
Name ____________________________
ITEM 14.6. ATTACHMENT 2

5210469.2
- A-1 -

EXHIBIT A

LEGAL DESCRIPTION

5210469.3
ITEM 14.6. ATTACHMENT 2

Parcel 067-0430-037-0000
4381 Anatolia Driv�
ITEM 14.6. ATTACHMENT 3

ITEM 14.6. ATTACHMENT 4

ITEM 14.6. ATTACHMENT 4

MEMORANDUM
City Council Staff Report - Page 1 of 2

ITEM 14.7.

DATE: December 19, 2022
TO: Honorable Mayor and Council Members
FROM: Albert Stricker, Public Works Director
Quoc Nham, Senior Civil Engineer
SUBJECT: A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE CONTRACT AMENDMENT NO. 172-2019-1 FOR ON-CALL
PROFESSIONAL SERVICES WITH SALABER ASSOCIATES, INC. TO
EXTEND THE CONTRACT TERM FROM DECEMBER 31, 2022, TO
JUNE 30, 2025 WHICH RESULTS IN INCREASING THE CONTRACT
AMOUNT FROM $1,500,000 TO AN AMOUNT NOT TO EXCEED
$2,850,000

RECOMMENDATION
Adopt the Resolution.

RESULT OF RECOMMENDED ACTION
Adoption of the Resolution would authorize the City Manager to execute Contract Amendment No. 172-2019-1 for additional on-call professional services with Salaber Associates, Inc. to extend the contract term from December 31, 2022, to June 30, 2025, which results in increasing the contract amount from $1,500,000 to a not to exceed amount of $2,850,000 for construction inspection and engineering development review services.

BACKGROUND
In order to provide flexibility to adapt to a variable development and construction market, the Public Works Department employs the assistance of qualified consultants for construction inspection and plan review services for private development projects. These on-call contracts allow the City to draw upon greater resources, thus increasing the ability to handle workload peaks and maintain efficient response times.

The City previously entered into Professional Services Agreement No. 172-2019 with Salaber Associates, Inc. to provide construction inspection and plan review services for private development projects. The original agreement was executed on December 16, 2019, with the term to expire on December 31, 2022, for an amount not to exceed $1,500,000. The purpose of this contract amendment is to extend the contract term from December 31, 2022, to June 30, 2025, which results in increasing the maximum compensation from $1,500,000 to an amount not to exceed $2,850,000 to allow Salaber Associates, Inc. to continue to provide construction inspection and plan review services for private development projects.

City Council Staff Report - Page 2 of 2

FISCAL IMPACT AND FUNDING SOURCE
Inspection and plan review services associated with private development projects are fully recoverable through direct billing to developers and utility companies. These services do not impact the general fund.

ATTACHMENT(S)

1. Resolution

2. Salaber Contract Amendment

ITEM 14.7. ATTACHMENT 1
Resolution No. XX-2022 Page 1 of 1

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2022

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, STATE

OF CALIFORNIA, AUTHORIZING THE CITY MANAGER TO EXECUTE CONTRACT AMENDMENT NO. 172-2019-1 FOR ON-CALL PROFESSIONAL SERVICES WITH SALABER ASSOCIATES, INC. TO EXTEND THE CONTRACT TERM FROM DECEMBER 31, 2022 TO JUNE 30, 2025 WHICH RESULTS IN INCREASING THE CONTRACT AMOUNT FROM $1,500,000 TO AMOUNT NOT TO EXCEED $2,850,000
WHEREAS, the City entered into contract 172-2019 with Salaber Associates, Inc. on December 16, 2019 to provide on-call professional services in an amount not to exceed of $1,500,000 for a term to end on December 31, 2022; and
WHEREAS, Contract Amendment No. 172-2019-1 will extend the contract term from December 31, 2022 to June 30, 2025, and increase the maximum compensation amount from $1,500,000 to a not to exceed amount of $2,850,000; and WHEREAS, the services will exceed the maximum amount the City Manager has authorization to approve; and
WHEREAS, there are sufficient funds budgeted to cover the cost of the contract.

NOW, THEREFORE, BE IT HEREBY RESOLVED THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA does authorize the City Manager or his designee to execute Contract Amendment No. 172-2019-1 with Salaber Associates, Inc. to extend the contract term from December 31, 2022 to June 30, 2025 and to increase the contract amount from $1,500,000 to a not to exceed amount of $2,850,000 for on-call professional services in a form approved by the City Attorney.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova on the 19th day of December, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:
, Mayor
Stacy Leitner, CMC
City Clerk

CONTRACT NO. 172-2019-1
First Amendment to Professional Services Agreement between Page 1 of 3 City of Rancho Cordova and Salaber Associates, Inc

FIRST AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT
BETWEEN THE CITY OF RANCHO CORDOVA AND SALABER ASSOCIATES, INC FOR ONCALL CONSTRUCTION INSPECTION AND ENGINEERING SERVICES This First Amendment to the Agreement for Professional Services (“Amendment”) is made by and between the City of Rancho Cordova (“City”) and Salaber Associates, Inc. (“Professional”) as of December 19, 2022. City and Professional are hereinafter collectively referred to as the "Parties."

RECITALS
WHEREAS, the Parties entered into a Professional Services Agreement (“PSA”) dated December 16, 2019 for the purpose of providing On-Call Construction Inspection and Engineering Development Review Services; and
WHEREAS, this Amendment will allow Parties to extend the contract term from December 31, 2022 to June 30, 2025, which results in an increase to the contract amount by $1,350,000 from $1,500,000 to an amount not to exceed $2,850,000; and
WHEREAS, the Parties agree that changes to the term and services provided for in the PSA are necessary in order for the City to continue receiving services by Professional.

NOW, THEREFORE, the Parties hereto agree as follows:

AGREEMENT

1. The Parties agree to modify the end date of the PSA from December 31, 2022 to June 30, 2025.

The first sentence of Section 1.1 of the PSA, “Term of Service,” is amended to read as follows:
"The term of this Agreement shall begin on the date first noted above and shall end on June 30, 2025, and Professional shall complete the work described in Exhibit A prior to that date; unless the term of the Agreement is otherwise terminated or extended, as provided in Section 8."

2. Section 2 of the PSA, “Compensation,” provides for the City to pay Professional a sum not to exceed $1,500,000. The Parties agree to amend Section 2 of the PSA in order to increase the compensation amount to pay Professional for additional services. The first sentence of Section 2 of the PSA is amended to read as follows:
"City hereby agrees to pay Professional a sum not to exceed Two Million Eight Hundred Fifty Thousand Dollars ($2,850,000), notwithstanding any contrary indication that may be contained in Professional’s proposal, for services to be performed and reimbursable costs incurred under this Agreement.”

3. The document entitled “Compensation Schedule,” attached hereto as Exhibit B, shall replace and supersede the PSA's Exhibit B.

ITEM 14.7. ATTACHMENT 2

CONTRACT NO. 172-2019-1
First Amendment to Professional Services Agreement between Page 2 of 3 City of Rancho Cordova and Salaber Associates, Inc

4. All other terms and conditions in the PSA shall remain in full force and effect to the extent they are not in conflict with this Amendment.

5. The signatures of the Parties to this Amendment may be executed and acknowledged on separate pages or in counterparts which, when attached to this Amendment, shall constitute one complete Amendment.

6. Contract Administration. This Agreement shall be administered by Mr. Quoc Nham, P.E. ("Contract Administrator"). All correspondence shall be directed to or through the Contract Administrator or his or her designee.

Notices. Any written notice to Professional shall be sent to:

Bob LoRusso, P.E.

Salaber Associates, Inc
10969 Trade Center Drive, Ste. 108
Rancho Cordova, CA 95670
Email Address (for Insurance Update Requests):
[email protected]
Any written notice to City shall be sent to:

Albert Stricker, Public Works Director
2729 Prospect Park Drive
Rancho Cordova, CA 95670

THIS SECTION INTENTIONALLY LEFT BLANK
ITEM 14.7. ATTACHMENT 2

CONTRACT NO. 172-2019-1
First Amendment to Professional Services Agreement between Page 3 of 3 City of Rancho Cordova and Salaber Associates, Inc
IN WITNESS WHEREOF, the Parties have executed this Amendment on the day and year first above written.

CITY OF RANCHO CORDOVA PROFESSIONAL
____________________________ ______________________________ Cyrus Abhar, City Manager Bob LoRusso, Senior Vice President Date:__________________ Date:__________________
Attest:
____________________________
Stacy Leitner, CMC, City Clerk
Date:__________________
Approved as to Form:
____________________________
Adam U. Lindgren, City Attorney
Date:__________________
ITEM 14.7. ATTACHMENT 2

CONTRACT NO. 172-2019-1
First Amendment to Professional Services Agreement between Page 1 of 2 City of Rancho Cordova and Salaber Associates, Inc

EXHIBIT A

SCOPE OF SERVICES
Provide development processing, plan and map checking, construction inspection, and general engineering services for all new development activity, and; other services as mutually agreed upon.

ITEM 14.7. ATTACHMENT 2

ITEM 14.7.

EXHIBIT B
ATTACHMENT 2

ITEM 14.7. ATTACHMENT 2

ITEM 14.7. ATTACHMENT 2

ITEM 14.7. ATTACHMENT 2

MEMORANDUM
City Council Staff Report - Page 1 of 3

ITEM 14.8.

DATE: December 19, 2022
TO: Honorable Mayor and Council Members
FROM: Amanda Norton, Economic Development Manager
SUBJECT: A RESOLUTION APPROVING THE BUDGET FOR THE WORKFORCE

RECOVERY PROGRAMS AND AUTHORIZING THE CITY MANAGER

TO EXECUTE CONTRACTS WITH THE WORKFORCE PROGRAMS

PROVIDERS AS OUTLINED

RECOMMENDATION
Adopt the Resolution

RESULT OF RECOMMENDED ACTION
Adoption of the Resolution would establish contract amounts for the Workforce Recovery programs; it will also authorize the City Manager to execute the Workforce Recovery Contracts for program implementation.

BACKGROUND
On November 21, 2022, Council received and discussed the summary of the Workforce Program Proposals with staff recommendations. At the Council's request, staff revisited one proposal that was submitted to rework the budget request.

The application period for Workforce Recovery Program (Program) NOFA opened on September 26, 2022 and closed on October 21, 2022. Staff received 10 proposals in response to the NOFA. In addition to three city staff, the proposals were reviewed by members from two outside organizations. Each application was reviewed according to the application criteria listed in the NOFA. The proposals received were broad and covered the areas of medical, manufacturing, the trades, full wrap around job placement assistance, and technology.

Per the NOFA, the Workforce Recovery Program was looking for proposals that went beyond basic training. These items can include, but are not limited to, providing a living wage while attending training, providing a direct connection to an employment / employer upon completion, and job placement services beyond training.

The summary of the proposals received:

Bay Valley Tech : Training in demand digital skills to prepare for entry level positions as digital designers, digital marketers, project managers, and web developers. Training will result in 15

City Council Staff Report - Page 2 of 3

paid internships and 6 months of career prep and placement.

Charles A Jones and Sacramento Valley Manufacturing Association: Manufacturing Training Program including Forklift Operator, Material handling & Logistics, Electro-Mechanical Assembly, Intro to manufacturing, and Welding Fabrication I. Cost includes training, placement bonuses ($200 -$1,500), and transportation stipends ($100/month) Cyber Proud: Pre-apprenticeship program training in Infrastructure Support or Cyber Security.

Employers provide work-based learning experiences which can include job shadowing, internships, and apprenticeship programs. Candidates are trained in a rigorous online setting.

Cost includes $500 stipends at 3 months and 6 months post employment.

DP Global Solutions: Salesforce Administrator 12 week certification program. Six months of hiring support, mentorship, and coaching. Laptops will also be available for students who may require them.

Folsom Cordova Community Partnership: Individual Case Management, JobEx Program, Training Scholarships, Support Services, Comprehensive assessment, Career planning and coaching, Professional networks, training scholarships, and employment Support Services.

General Assembly: Software Engineering Immersive Course, 480 hours of instruction. The Program includes a $3,000 living stipend, career coaching and hiring support.

Northern California Construction Training: Curriculum for over 22 construction trades including but not limited to tools, equipment, and job site safety certifications. Training length is dependent on student aptitude and interest. Partnership with local employers and apprenticeship programs for students to directly apply their skills. Students receive $1,000 in placement stipends.

North State Building Industry Association: Case management, life skills certificate, community service experience, Work Ready certificate, trade related certificates, and training program connections. Training length is dependent on student aptitude and interest.

Partnership with local employers and apprenticeship programs for students to directly apply their skills. Varying stipends for clothing, equipment, childcare, and transportation.

Udacity: Tech Career Incubator with two cohorts: Business Analytics and Digital Marketing.

Four month training program, career coaching and hiring support 6 months post program.

Women in Data: The Path Forward, 5-month program for data analytics with mentorship, resume support, portfolio building and job placement. Receive data analytics certification.Eight employer partnerships for direct employment or internship for a minimum of 25 students.

Laptops will also be made available for students who may require them.

Funding Recommendations:

Program Cost per
Participant
# of
Participants
Total
Bay Valley Tech $12,510.67 15 $187,660.00
Charles A Jones/ SVMA $4155.00 45 $186,975.00
Cyber Proud $9,000.00 14 $112,000.00
DP Global Solutions $13,563.77 13 $176,329.00
FCCP $4,214.22 45 $189,640.00

City Council Staff Report - Page 3 of 3

General Assembly $16,000.00 17 $272,000.00
North State BIA $5,378.56 25 $134,464.00
NCCT $9,819.04 25 $245,476.00
Wellspace Health $16,000.00 8 $128,000.00
Women in Data $13,720.67 30 $411,620.00
Total $10,136.19 237 $2,044,164.00
Attachment 2 - Exhibit A to the Resolution contains the Workforce Development Proposals that were selected for funding, the corresponding dollar amount, and previous program metrics.

Upon adoption of the Resolution, staff will initiate contracts with all of the awarded applicants.

FISCAL IMPACT AND FUNDING SOURCE

ATTACHMENT(S)

1. Resolution

2. Exhibit A to the Resolution

3. Bay Valley Tech Proposal

4. BIA Proposal

5. Cyber Proud Proposal

6. DP Global Proposal

7. FCCP Proposal

8. General Assembly Proposal

9. NCCT Proposal

10. SVMA Proposal

11. Udacity Proposal

12. Women in Data Proposal

13. Workforce Development NOFA

ITEM 14.8. ATTACHMENT 1

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2022

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, STATE

OF CALIFORNIA, APPROVING THE BUDGET FOR WORKFORCE RECOVERY

PROGRAMS AND AUTHORIZING THE CITY MANAGER TO EXECUTE CONTRACTS WITH

THE WORKFROCE PROGRAM PROVIDERS AS OUTLINED
WHEREAS, the City has allocated $2,000,000 from the American Rescue Plan Act funding for Workforce Development training for Rancho Cordova Residents; and WHEREAS, the City would like to enter into contracts with Bay Valley Tech, Charles A Jones/ SVMA, Cyber Proud, DP Global Solutions, Folsom Cordova Community Partnership, General Assembly, Northern California Construction Training, North State Building Industry Association, Udacity, and Women in Data as Workforce Training providers; and WHEREAS, the City and the training providers will negotiate an agreement that will be on file with the City Clerk that sets forth the requirements for the training providers' services; and WHEREAS, there are sufficient funds budgeted to cover the costs of the contracts; and WHEREAS, the contracts are in the best interest of the City and the health, safety, and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local law and requirements.

NOW, THEREFORE, BE IT HEREBY RESOLVED THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA THAT:

1. The above recitals are true and are incorporated herein by this reference.

2. The City Manager is hereby authorized to execute the contracts with the individual workforce training program providers, in a form acceptable to the City Attorney, and to execute all other documents and to take such actions as necessary to carry out the intent of this Resolution.

3. This Resolution shall become effective immediately upon its passage.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova on the 19th day of December 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ITEM 14.8. ATTACHMENT 1
ATTEST:
, Mayor
Stacy Leitner, CMC
City Clerk

ITEM 14.8. ATTACHMENT 2
Exhibit A to the Resolution
Program Description # of
Participants
Cost per
Participant
Partnership w/
Industry
Past Metrics Target
Demographic
Bay Valley
Tech
Training in demand digital skills to
prepare for entry level positions as
digital designers, digital marketers,
project managers, and web
developers. 15 paid internships and 6
months of career prep and
placement.
15 $12,510.67 E&J Gallo, County of
Merced, Tyler
Technologies,
American Medical
Response, Varsity
Technologies, Novo
Technologies,
Ottersoft
Completion Rate: 64%
Obtained Certification:71%
Employed:29%
Rancho Cordova
Residents
Charles A
Jones/
SVMA
Manufacturing Training Program
including Forklift Operator, Material
handling & Logistics, ElectroMechanical Assembly, Intro to manufacturing, and Welding
Fabrication I. Cost includes training,
placement bonuses ($200 -
$1,500),and transportation stipends
($100/month)
45 $4,155.00
*cost can
vary
depending
on program
track
Tri Tool, Siemens,
Garner products,
Snowline Engineering,
Insight Mfg,JHL,
Managed Solutions,
Termofusion
Completion Rate: 75%
Obtained Certification:

87.5%
Employed:71%
Rancho Cordova
Residents
Cyber
Proud
Pre-apprenticeship program training
in Infrastructure Support or Cyber
Security. Employers provide workbased learning experiences which can include job shadowing,
internships, and apprenticeship
programs. Candidates are trained in
a rigorous online setting. Cost
includes $500 stipends at 3 months
and 6 months post employment.
14 $8,000.00 +
$1,000
stipend per
student
SMUD, CalHR,
Accenture,
Omnistruct, Found IT
Data,CPS HR
Consulting,
Completion Rate: 77%
Obtained
Certification:100%
Employed: 75%
Rancho Cordova
Residents
DP Global
Solutions
Salesforce Administrator 12 week
certification program. 6 months of
hiring support, mentorship, and
coaching. Laptops will also be
available for students who may
require them.
13 $13,563.77 Tesla, Solidigm Completion Rate: 64%
Obtained Certification:71%
Employed:29%
*Previous RC Workforce
Recovery program
Rancho Cordova
Residents

ITEM 14.8. ATTACHMENT 2
Exhibit A to the Resolution
FCCP Individual Case Management, JobEx
Program, Training Scholarships,
Support Services, Comprehensive
assessment, Career planning and
coaching, Professional networks,
training scholarships, and
employment Support Services
45 $4,214.22 FCUSD, El Dorado iron
Works, Kimpton
Sawyer, AIM Higher,
Urgent Care, Ross,
Panda Express, RC
Marriott, etc.

Completion Rate: 61%
Employed:42%
*Previous RC Workforce
Recovery program
Rancho Cordova
Residents
General
Assembly
Software Engineer Immersive Course
480 hours of instruction - includes
robust career coaching and hiring
support and $3,000 living stipend
17 $13,000
tuition +
$3,000
living
stipend
Synergex, onDeck
Pro,Skillstorm, VSP,
Zennify,CA
Department of Social
Services, Greenhouse,
Recyclist, CA
Volunteers, etc.

Existing partnership
with GSEC
National Completion Rate:
85%
National Employment Rate:
95% employed at 1 year
RC Completion Rate: 50%
RC Obtained Certification:

N/A
RC Employment Rate: 45%
in 150 days with graduates
continuing to interview
*Previous RC Workforce
Recovery program
Rancho Cordova
Residents who are
un/underemployed
North
State
Building
Industry
Foundation
Case management, Life skills
certificate, Community Service
experience, Work Ready certificate,
Trade related certificates, Training
program connections. Training length
is dependent on student aptitude
and interest. Partnership with local
employers and apprenticeship
programs for students to directly
apply their skills. Varying stipends for
clothing, equipment, childcare, and
transportation.
25 $5,378.56 Nimbus Landscape
materials, Revival,
Rheia, Sun County
Builders, 40 League,
The Gallagher Team,
Elliot Homes, etc.

Completion Rate: 100%
Obtained Certification:
59%
Employed: 59%
Rancho Cordova
Residents

ITEM 14.8. ATTACHMENT 2
Exhibit A to the Resolution
NCCT Curriculum for over 22 construction
trades including but not limited to
tools, equipment, and job site safety
certifications. Training length is
dependent on student aptitude and
interest. Partnership with local
employers and apprenticeship
programs for students to directly
apply their skills. $1,000 placement
stipends.
25 $9,819.04 AACO Engineered
Systems, ALCO
General Contractors,
Stericycle,
Woodmack, Urata &
Sons, Crusader Fence,
Aerotek, Central
Striping Services,
Martin General
Completion Rate: 64%
Obtained Certification:71%
Employed:29%
Rancho Cordova
Residents
Udacity Tech Career Incubator with two
cohorts: Business Analytics and
Digital Marketing. 4-month training
program. Career coaching and hiring
support 6 months post program.
80 $3,567.70 None reported Completion Rate: 15%
Obtained Certification:15%
Employed: none reported
*Previous RC Workforce
Recovery program
Rancho Cordova
Residents
WellSpace Previously Approved 8 $16,000.00
Women in
Data
The Path Forward, 5-month program
for data analytics with mentorship,
resume support, portfolio building
and job placement. Receive data
analytics certification. 8 Employer
partnerships for direct employment
or internship for a minimum of 25
students. Laptops will also be made
available for students who may
require them
30 $13,720.67 PepsiCo, VSP,Adidas,
Vista print,
P3,LTI,Alation,
Deloitte, Microsoft,
etc.

Completion Rate: 85%
Obtained Certification:85%
Employed: 35%
*Previous RC Workforce
Recovery program
Rancho Cordova
Residents
Total: 237 $10,136.19

October 21, 2022
City of Rancho Cordova
Economic Development Department
2729 Prospect Park Drive
Rancho Cordova, CA 95670
Re: Workforce Recovery Program
To Economic Development Department,
Bay Valley Foundation (BVF) is submitting the following ‘DIGITAL SKILLS ACCELERATOR’ proposal to address Rancho Cordova’s commitment to further propel its Workforce Recovery Program and prepare local adults for more skilled, higher-paid tech jobs. BVF’s tuition-free online/on-site hybrid training program utilizes the name “Bay Valley Tech (BVT),” and is designed to be flexible for students in all situations. The terms Bay Valley Foundation and Bay Valley Tech are used interchangeably. Our program has been especially effective for those who may be unemployed, underemployed or looking to change career paths as a result of the Covid pandemic. This comprehensive training will enable local workers to become more skilled and hirable by employers.

Our comprehensive tech skills and community growth program will include seven parts:
1) Digital skills training for 25 Rancho Cordova residents in our six-month hybrid online/on-site in our Digital Skills Bootcamp
2) Paid internships for 25 Rancho Cordova residents
a) Pays up to $25.00 hour
b) Approximately 15 hours per week for 12 weeks
3) Free virtual technology or computer literacy training for up to 100 additional students referred by of Rancho Cordova during the 12 months of this program 4) 6 months of career prep and placement services for 25 Rancho Cordova residents, including employer coaching and introductions
a) Interns can be from other technology training programs or bootcamps 5) Free digital design and digital marketing services for up to 10 small business (or non-profits) located in Rancho Cordova
6) Tech community growth–Bay Valley Foundation will organize two community-building onsite tech events in the city of Rancho Cordova
7) Employer introductions–Bay Valley Foundation to introduce three potential tech employers to Rancho Cordova city staff
Bay Valley Foundation • 1325 H Street, Modesto, CA 95354 • P.O. Box 1355, Ripon, CA 95366 (209) 985-4721 • www.bayvalleytech.com
ITEM 14.8. ATTACHMENT 3

By expanding Rancho Cordova's digital talent pool, this program will enable local companies experiencing tech worker shortages to accelerate growth. Furthermore, a growing skilled labor force will attract more tech employers to the Rancho Cordova area due to the Bay Area's chronic shortage of digital talent. Preparing the city's residents to enter digital-based careers will further enhance Rancho Cordova’s economy by giving more local workers access to higher-paying jobs and the ability to work remotely, reducing COVID-related employment disruptions.

As the number of unfilled tech job openings reaches nearly one million and non-tech industries adopt new technologies to remain competitive, the ever-increasing demand for tech talent is creating unprecedented opportunities for digital workers. Many Sacramento County cities and workers have largely missed out on this tech economy, but BVF’s programs are now helping non-tech workers quickly pivot into lucrative tech careers, with a 95% placement rate for those who completed the digital skills training and internship. We provide a clear career pathway for workers to transition from low-wage to high-wage work and engage vulnerable populations that have experienced wage gaps, employment gaps, exclusion from the workforce and disproportionate employment in low-quality jobs.

Founded in 2018, Bay Valley Foundation, a 501(c)(3), is a workforce development and low-barrier tech training organization headquartered in California’s Central Valley. With a staff of 15 employees and contractors as well as many volunteers, we have helped many people transition into high-paying technology-based careers at leading companies.

Ethnicity: Annual Household Income:
- 42% Latino - 23% $0 to $20K
- 13% Asian/Pacific Islander - 27% $20K to $40K
- 3% Black/African American
- 34% Women
Economic Potential:

Adding 100 new skilled tech workers to a city will generate $450 million in direct salaries and $2.1 billion in overall economic impact over their 30-year careers. Bay Valley Foundation’s internship programs promote equity by transitioning individuals from low-paying jobs into lucrative tech careers. Our success and growth are demonstrated by Bay Valley Foundation’s alumni who have secured tech jobs and paid internships with leading Central Valley employers and Bay Area companies that have expanded here:
- E&J Gallo - Turlock School District
- County of Merced - Varsity Technologies
- Tyler Technologies - Novo Technologies
- American Medical Response - OtterSoft
2 ITEM 14.8. ATTACHMENT 3

- Walmart - DataPath
- Tesla - Oportun
Bay Valley Foundation has successfully established extensive partnerships to promote a sustainable bridge to high-paying tech careers for low-skilled, underrepresented adults.

Some of our key partnership agreements in which BVF provides tech skills training, internships and job placement services include:
● Stanislaus County Office of Education (code academy, digital skills bootcamp, tech internships, co-working space)
● Stanislaus County Workforce Development (internships, employer outreach, career coaching, interview prep, employer networking, employer engagement and hiring coordination)
● CSU Stanislaus (coding bootcamps for South Korean university computer science students)
● Modesto City Schools, Patterson Adult School, Turlock Adult School (code academy and digital skills bootcamp)
● Stanislaus Partners in Education (SPIE) (teachers’ summer web development bootcamp)
● ConSol USA (agreement to hire hundreds of BVT alumni) ● Oak Valley Community Bank (code academy funding)
● Bank of Stockton (code academy funding)
● The Salvation Army-Modesto (kids after-school tech bootcamp) BVF has also established long-term partnerships with private companies and foundations such as Oak Valley Community Bank, Bank of Stockton and The Raymus Foundation.

Proposed Budget:

We intend to use the Workforce Recovery Program funds to provide free digital and technology skills training for up to 100 Rancho Cordova adult residents. The primary expenses will be software for students, program management/student outreach and curriculum/instruction.

This program will provide ongoing, long-term economic benefit for Rancho Cordova.

Expanding the region's skilled labor force will alleviate COVID-driven economic challenges by helping local companies grow, increasing the earning potential of local workers and attracting more high-tech, high-wage employers to Rancho Cordova. 3 ITEM 14.8. ATTACHMENT 3

Wages for Interns: ($25/hr, 15 hrs/week, 12 weeks) $112,500 Payroll Taxes: $ 8,600
Employer Outreach and Career Placement: $ 17,000
Internship Supervision/Instruction: $ 20,000
Curriculum & Student Projects Development $ 7,500
Student Outreach & Marketing: $ 18,000
Instruction for 25 Students (plus 100 online students): $ 87,500 TOTAL COST: $271,100
Student Recruitment: Active student outreach and recruitment will be a multi-pronged approach:
● Partner with key stakeholders such as the Greater Sacramento Economic Council, County Office of Education, County Workforce Development, alternative and adult education programs, Chamber of Commerce as well as the City of Rancho Cordova to increase student awareness of Bay Valley Foundation’s paid internship program – especially to those who have completed web development or digital skills training through earlier City initiatives.
● Community outreach via public relations, digital advertising and social media channels (Facebook, Instagram, LinkedIn, etc.)
● Direct outreach to local education partners
References: Training and Placement Services:

Bay Valley Foundation has a proven track record of partnering with local organizations to provide free training programs, internships and create new technology-based jobs in the Central Valley, Sacramento region and San Francisco Bay Area.

Eugene Garcia, Business Services Manager
Stanislaus County Workforce Development (Workforce development/job placement) 251 E. Hackett Road, C-2
Modesto, CA 95358
(209) 558-2100
[email protected]
Services Provided: (Paid Internship Program)
Dates of Service: 2020 - 2024
Contract Term: two years
Contract Amount: $1.5 million
Jesse Ceja, Principal
4 ITEM 14.8. ATTACHMENT 3

Turlock Adult School (Industry: Adult education)
1574 E. Canal Drive
Turlock, CA 95380
(209) 667-0643
[email protected]
Services Provided: (Industry: Web Development & Digital Skills training) Dates of Service: 2019 to present
Contract Term: One year
Contract Amount: $140K
Dr. Ellen Junn, President
California State University at Stanislaus (Industry: Education) One University Circle
Turlock, CA 95382
(209) 667-3201
[email protected]
Services Provided: Coding Bootcamp for CSU Stanislaus students Dates of Service: 2020 - 2021
Contract Amount: $60K
Tax Exempt ID No.
83-1681369
Business License:

Currently a WIP.

Financials:

See attached.

Based on past successes and the phenomenal growth that Bay Valley Foundation has experienced in providing in-demand tech training, we are confident that we can be a valuable partner to Rancho Cordova in upskilling the city’s workforce and placing well-trained, hirable interns with local employers.

Sincerely,
Phillip Lan, President
Bay Valley Foundation LLC
(510) 703-5814
5 ITEM 14.8. ATTACHMENT 3

Table of Contents
Qualifications and Experience 8
Project Description 12
Project Expected Timeline 20
Sources and Uses of Funds 21
Conflict of Interest Statement 22
Exceptions 22
Supportive Information 23
6 ITEM 14.8. ATTACHMENT 3

QUALIFICATIONS / EXPERIENCE
Bay Valley Foundation will be the project lead for the Rancho Cordova Workforce Recovery Program outlined below. Bay Valley Foundation is a non-profit (EIN #83-1681369) 501(c)(3) founded and incorporated in 2018.

Bay Valley Tech will provide the digital skills training, paid internship and job placement services, which will include career coaching, mentor outreach and placement services. BVF has successfully collaborated with a broad range of mission-driven organizations and agencies. The following partners will work with Bay Valley Foundation to ensure success of this project:
● The Greater Sacramento Economic Council to assist with marketing, business outreach and placement.
● Connect Silicon Valley to assist with business/employer outreach. ● Others?
These Bay Valley Foundation partners have strong reputations in their communities and have all been operating for several years and in some instances, decades. Bay Valley Foundation will assign the following key staff to ensure the success of this project:

THE BAY VALLEY TECH TEAM:
● Phillip Lan will be the primary liaison and oversee this workforce development project, including career coaching and outreach to tech employers. As President of Bay Valley Foundation, Phil has leveraged his strong industry connections to successfully connect many of our students with local employers and has also brought several tech employers to the Central Valley. He is a veteran of several Silicon Valley technology companies, including IBM and AskJeeves. Phil previously led the San Francisco technology recruiting practice for Robert Half, a Fortune 500 staffing company, and managed E&J Gallo’s worldwide digital marketing organization.

Phillip Lan, Ripon, CA (510) 703-5814 / [email protected] ● Dori Jones will lead Bay Valley Foundation’s awareness-building initiatives for the Rancho Cordova project. She is a marketing and public relations expert who has over 20 years of experience working with Bay Area companies.

Dori Jones, Groveland, CA (209) 840-0746 / [email protected] 7 ITEM 14.8. ATTACHMENT 3

● Taylor LaMar is Bay Valley Tech’s head curriculum and instruction advisor. He is also a professional software developer who manages a leading software development consultancy in the Central Valley. Taylor has more than seven years of experience in software development and tech instruction. He has overseen training for hundreds of Bay Valley Tech’s students.

Taylor LaMar, Modesto, CA (209) 985-4826 / [email protected] ● Martyn Conkling is an education professional with eight years of experience teaching hundreds of students from broad backgrounds as well as education administration, curriculum development and technology training.

Martyn Conkling, Modesto, CA (215) 602-6065 / [email protected] ● Amanda Barlow has 4 years’ experience as a professional web design consultant and an instructor at Bay Valley Tech. She earned an associate of science degree in web development from Cosumnes River College, worked as a special education paraprofessional for Lodi Unified School District and is also the owner of Batcave Comics & Toys, where she manages its website and e-commerce, among other roles.

Amanda Barlow, Santa Rosa, CA (209) 649-7751 / [email protected] ● Blake Shaw has more than 10 years of professional experience, including two in social work. He oversees Bay Valley Tech’s partnership and employer relationships.

Blake Shaw, Modesto, CA (415) 580-9583 / [email protected] ● Aaron Gunderson has been an instructor and internship coach at Bay Valley Tech for the past three years. Aaron completed Bay Valley Tech’s training and now oversees its internship program.

Aaron Gunderson, Modesto, CA (209) 241-6862 / [email protected] RECENT SUCCESSFUL PARTNERSHIPS:

Bay Valley Foundation has provided training and related services (through similar funding agreements as this proposal) to the Stanislaus County Office of Education, Stanislaus County Workforce Development, Modesto City Schools, California State University Stanislaus, Turlock Adult School and others. All of Bay Valley Foundation’s training agreements have been renewed.
8 ITEM 14.8. ATTACHMENT 3

1. The state of California recently awarded Bay Valley Foundation (through our Stanislaus County Workforce Development partnership) a $5 million pandemic recovery grant to provide digital skills training and paid internships for 180 students in the Central Valley. In the first two months, we have already recruited over 200 applicants, with 35 approved and 80 pending approval.

Stanislaus County Workforce
Andy Fiskum
251 E. Hackett Road C-2
Modesto, CA 95358
(209) 558-2133
[email protected]
Contract Term: Two years
Contract Amount: $1.5 million (portion of the $5 million grant assigned to Bay Valley Foundation)

2. This year, Turlock Adult School has been awarded Bay Valley Foundation $140K to train students in both digital skills and web development training.

Jesse Ceja, Principal
Turlock Adult School (Industry: Adult education)
1574 E. Canal Drive
Turlock, CA 95380
(209) 667-0643
[email protected]
Services Provided: (Industry: Web Development & Digital Skills training) Dates of Service: 2019 to present
Contract Term: One year
Contract Amount: $140K

3. In August 2022, we launched a kids after-school digital skills bootcamp in partnership with Salvation Army - Modesto.

Maria Arellano
Salvation Army Red Shield Center - Modesto
1649 Las Vegas St, Modesto, CA 95358
(209) 538-7111
[email protected]
Services Provided: Children’s After-school Digital Skills Bootcamp Dates of Service: August 2022 - Jan 2023
Contract Term: 6 months
9 ITEM 14.8. ATTACHMENT 3

Contract Amount: $152,500

4. In 2021, Bay Valley Tech trained 10 computer science students from Tongmyong University in South Korea, and simultaneously taught 10 CSUS computer science students in a coding bootcamp.

Dr. Ellen Junn, President
California State University at Stanislaus (Industry: Education) One University Circle Turlock, CA 95382
(209) 667-3201
[email protected]
Services Provided: Coding Bootcamp for CSUStanislaus students Dates of Service: 2020 - 2021
Contract Amount: $60K

5. BVF trains approximately 15 students each year for Patterson Adult School in the latest web development languages.

Marcos Huerta
Patterson Adult School, Alternative Programs
201 North Ninth St. Patterson, CA 95363
(209) 675-4074
[email protected]
Services Provided: Web development training
Dates of Service: 9/15/22- 5/31/23
Contract Amount: $87,500
10 ITEM 14.8. ATTACHMENT 3

PROJECT DESCRIPTION:

Name of Project:

BAY VALLEY TECH ‘DIGITAL SKILLS ACCELERATOR’ PROGRAM
Our comprehensive tech skills and community growth program will include seven parts:
8) Digital skills training for 25 Rancho Cordova residents in our six-month hybrid online/on-site in our Digital Skills Bootcamp
9) Paid internships for 25 Rancho Cordova residents
a) Pays up to $25.00 hour
b) Approximately 15 hours per week for 12 weeks
10)Free virtual technology or computer literacy training for up to 100 additional students referred by of Rancho Cordova during the 12 months of this program 11)6 months of career prep and placement services for 25 Rancho Cordova residents, including employer coaching and introductions a) Interns can be from other technology training programs or bootcamps 12)Free digital design and digital marketing services for up to 10 small business (or non-profits) located in Rancho Cordova
13)Tech community growth–Bay Valley Foundation will organize two community-building onsite tech events in the city of Rancho Cordova 14)Employer introductions–Bay Valley Foundation to introduce three potential tech employers to Rancho Cordova city staff
Digital Skills Bootcamp (6-month program)
BVF proposes that we will train up to 25 students, who represent underserved Rancho Cordova residents in in-demand digital skills and prepare them for entry-level positions as digital designers, digital marketers, project managers, web developers, etc.

Applicants to our training programs will be required to apply online (https://www.bayvalleytech.com/code-academy-application), complete the mandatory pre-study assignments and attend at least two virtual information/study sessions.

Once the student completes these prerequisites, they will be accepted into the Digital Skills Bootcamp and begin the training. This program consists of four modules that provide a broad exposure to disciplines that directly correlate to the critical tech skills that are in such high demand.
11 ITEM 14.8. ATTACHMENT 3

Digital Skills Bootcamp Syllabus
2022-2024
Module 1: Digital Design
Weeks 1 & 2 (Digital Design & Intro to Digital Marketing) ○ What are Digital Design, Web Development and Digital Marketing; why they are highly relevant to businesses, and how they are related ■ Marketing Funnel:

Awareness>Engagement>Conversion>Advocacy
■ Better Decision-Making: Every click is a survey
■ Lowers Cost-Per-Acquisition (key to success for any business) ■ Conversion Optimization
○ What you’re going to learn
○ What you’re going to do
Weeks 3 & 4 (Digital Design Look and Feel)
○ Canva
■ https://www.canva.com/learn/a-step-by-step-guide-to-designing-fr om-scratch/
■ Design Templates
■ Functions/tools overview
● Canva Color Palettes/Coolors.co
● Format selection
● Design tools, libraries
● File types
○ Adobe Illustrator
■ https://helpx.adobe.com/illustrator/how-to/illustration-techniques.ht ml
■ Design tools
■ Converting formats/file types for social media
○ Digital design conversion (the same tools being used to create business cards, signage, letterhead, etc.)
Week 5 (UX/UI – User Experience/User Interface)
○ For Accessibility
○ For Process
○ For Social Media
12 ITEM 14.8. ATTACHMENT 3

○ Responsive Design (flexible for Desktop and Mobile)
Week 6 (Basic Design Projects)
○ Logo Design
○ Flyers & Advertisements
○ Business Presentations Design
○ Web Design
○ Mobile Design
○ UX/UI
Module 2: Website Development
Week 1 (Preparation & Content Management Systems)
○ Wix -- easy to get started, least customization
■ Features
■ Templates
■ Layouts
○ WordPress -- middle
■ Features
■ Templates
■ Layouts
Week 2 (HTML/CSS)
○ Free Code Camp
○ HTML Basics
○ Basic CSS
○ Applied Visual Design and Accessibility
○ Responsive Web Design Principles
○ CSS Flexbox
○ Bootstrap grid (Custom Lecture)
○ Basic webpage projects
Weeks 3 & 4 (JavaScript)
○ Free Code Camp
○ If/Else Statements
○ Loops
○ Functions
13 ITEM 14.8. ATTACHMENT 3

○ Objects
○ OO programming
○ Classes and class properties
○ ES6
○ Functional Programing
Week 5 (Introduction to Databases & APIs)
○ Intro to SQL
○ Intro to Restful API with Express and Node.js
○
Week 6 (Build Customized Website Projects
○ CMS Websites using Wix or Wordpress
○ Customize with HTML/CSS
Module 3: Digital Marketing
Weeks 1 (Digital Marketing & Social Media Marketing Overview) ○ Marketing Funnel: Awareness>Engagement>Conversion>Advocacy ○ Goal-setting: define success (what does success look like?) ○ Digital Branding
○ Social Media
■ Best practices
■ Introducing users to new products or services
■ Engagement
■ Advocacy of your products and services
○ Email - Engagement, drip marketing campaigns
○ Earned Media
Week 2 (Content Creation)
○ Writing for SEO and Users
○ Image Creation
○ Digital Video Production
○ Asset Management
Week 3 (Paid Search)
○ PPC Campaigns
○ Google AdWords
14 ITEM 14.8. ATTACHMENT 3

■ Campaigns, AdGroups, Ads
■ Importance of quality score
■ Bidding and landing page quality
Week 4 (Search Engine Optimization–SEO)
○ Meta tags
○ Keyword stuffing
○ Backlink building
○ Plugging
Week 5 (Social Media Marketing–Organic and Paid)
○ Channels - Facebook, LinkedIn
○ Engagement Timing
○ Optimum Content
○ Digital Branding
○ Public Relations
Week 6 (Email Marketing & Conversion Optimization)
○ Email Tools
○ Strategy: Tease, Target, Teach, Test and Track
○ Webpage Optimization
○ Google Analytics
○ Reducing Abandonment Rates
Module 4: Data Analytics, Digital Careers & Entrepreneurship Week 1 (Data Analytics)
○ Customer Analytics
○ Operational Analytics
○ Google Analytics
○ Conversion Optimization
○ Fraud and Compliance
○ New Product & Service Innovation
Weeks 2 & 3 (Digital Careers Prep - Tech Roles)
○ Software Developer
○ Software Quality Assurance Engineer
15 ITEM 14.8. ATTACHMENT 3

○ Cybersecurity Analyst
○ IT Help Desk Technician
○ Project Manager, Business Analyst & Operations
Weeks 4 & 5 (Digital Careers Prep - Tech-Related Roles) ○ Tech Sales & Business Development
○ Partnership & Account Management
○ Technology Instruction
○ Tech Recruiting
○ Optional Sections
■ In-Depth Tools for Digital Careers
■ Practice projects for Digital Careers
Week 6 (Entrepreneurship)
○ Concept & Market Fit
○ Organizational Structures
○ Cofounders
○ Funding and “Smart Money”
○ Elevator Pitch
○ Startup Execution and Operations
—------------------------------------------------------ Paid Internship (12 weeks part-time, $25.00 per hour)
● Hybrid online/onsite internship managed by Bay Valley Tech in collaboration with employer partners.
● Approximately 15 hours per week for 12 weeks.
● Interns will work on a variety of projects, including helping Rancho Cordova businesses with their technology, digital design or digital marketing projects.
● Mentorship by corporate professionals and hiring managers.

Job Placement Services:
● Employer outreach and awareness building about Rancho Cordova/Bay Valley Foundation interns.
● Career coaching and interview prep for students by BVF staff and employer mentors
16 ITEM 14.8. ATTACHMENT 3

● Interview and job placement coordination with interns and employers for 6 months.

Recruitment:

Bay Valley Foundation will utilize our strategic student recruitment partnership program (County Workforce Development, County Office of Education, community colleges, California State University, Salvation Army, NAACP, etc.), public relations and digital marketing campaigns to increase awareness of this program. Our innovative recruiting campaigns have resulted in thousands of new applicants from underserved communities from the Central Valley and across Northern California.

Population Served:

Bay Valley Foundation has a very diverse student base. We would expect students recruited from Rancho Cordova to be similar to our area’s demographics, adjusting for slight differences specific to the immediate area. Bay Valley Foundation student demographics:
● 42% Latino
● 13% Asian/Pacific Islander
● 3% Black/African-American
● 34% Women
● 50% From households with annual income below $40,000
Intake Process:

Prospective students begin by completing our online application (https://www.bayvalleytech.com/internship-application). Applicants then must then complete a series of prerequisite online lessons, attend several online information/study sessions and complete an informational interview. The admissions committee will make the final determination whether the applicant is ready to begin the program. Students who demonstrate grit/determination, a strong community spirit/willingness to help others and previous technical education or experience tend to make the strongest candidates for Bay Valley Foundation’s programs.

Program Model:

Once the student applies for BVF’s program, they will be instructed to complete pre-study assignments and attend several virtual information/study sessions. After completing these prerequisites, the student is ready to begin training. The digital skills 17 ITEM 14.8. ATTACHMENT 3

training consists of 4 modules, each taking about 6 weeks to complete. Students are expected to spend a minimum of 20-25 hours per week working on assignments and projects. BVF helps ensure a student’s success by staying in close contact with them as they progress through the program.

Students will be coached by a lead project manager and assigned to project teams of 4 or 5 students. They will learn industry-relevant Agile Development Methodologies and participate in daily “stand-up” project team meetings similar to how corporate software development teams are organized.

The internship portion of this program is part-time (15 hours per week) with online and onsite meetings, daily ‘stand-ups’ with their teams.

Students will receive group career coaching, resumé writing, portfolio and interview prep, and will also participate in practice interviews. Bay Valley Foundation’s employer outreach encourages companies to mentor students in the internship program in addition to providing internships and entry-level software development jobs.

Ensuring Skills Attainment:

Bay Valley Foundation’s curriculum is designed with input from hiring managers, and the program gives students access to industry professionals as tutors and mentors during the program. Students are supported throughout their internship from networking with local employers, to interview and resumé/portfolio coaching, and finding employment.

Expected Outcomes:

Bay Valley Foundation students who complete the Digital Skills Bootcamp and internship program have a 95% placement rate securing additional paid internships or entry-level tech jobs.

Workforce Development Program Experience:

In addition to providing paid internships, Bay Valley Foundation has successfully built partnerships with a broad coalition of public and private stakeholders to ensure a complete pathway for workers to transition into fulfilling high-paying careers. Many of our alumni have secured work at companies and organizations such as Walmart, Tesla, E&J Gallo, Tyler Technologies, Novo Technologies, Clearwave Software, Bixly, WebEnertia, DataPath, Oportun, Turlock School District, Varsity Technologies and Merced County.
18 ITEM 14.8. ATTACHMENT 3

Monitoring Outcomes:

Bay Valley Foundation conducts student surveys during and after the program and will provide monthly status reports, which will provide details on the status of each student’s progress, the students’ completed hours, the type of progress they have achieved in the program, as well as aggregate demographic and geographic student information.

PROJECT TIMELINE
Milestone Date Prerequisite
Milestone/Contingency
Present Curriculum to
Rancho Cordova Team -
Introduce Bay Valley
Foundation Team
Dec 2022
Outreach to
Community/Corporate
Partners
Jan – Apr 2023
Student Outreach Jan – Mar 2023 Student outreach for up to 25 successful applicants
Application Process Closes Apr 2023 All openings are filled Students Complete
Pre-Study Lessons
Apr – June 2023 Students begin pre-study
lessons
BVT conducts student
informational interviews
Apr 2023 Students have completed
their prerequisite lessons
Admissions Committee
makes final selection of
students
Apr 2023 Students have completed
informational interviews
Digital Skills Bootcamp
Begins
Apr 2023 4-month Digital Skills
Curriculum Begins
MODULE 1: Digital Design 6 Weeks to complete Digital Design & Intro to Digital Marketing; Digital
Design Look and Feel
(Canva, Adobe Illustrator,
Digital Design Conversion;
19 ITEM 14.8. ATTACHMENT 3

User Experience/User
Interface; Basic Design
Projects (logo, flyers, ads,
presentations, web design,
mobile design)
MODULE 2: Website
Development
6 Weeks to complete Preparation/Content
Management Systems (Wix,
WordPress); HTML/CSS;
JavaScript; Intro to
Databases & APIs; Build
Customized Website Projects
MODULE 3: Digital
Marketing
6 Weeks to complete Digital Marketing/Social Media
Marketing, Content Creation,
SEO, Email Marketing/
Conversion Optimization
MODULE 4: Data Analytics,
Digital Careers &
Entrepreneurship
6 Weeks to complete Data Analytics, Digital Career
Prep – Tech Roles,
Entrepreneurship
Internship Begins 12 Weeks to complete $25.00 per hour. Work to include assisting Rancho
Cordova businesses
Professional Development Oct 2023 Interns have completed or are close to completing their
internship. Begin Interview
Prep, Resumé Writing,
Portfolio Development
Job Search Support/
Employer Outreach
Sept – Dec 2023 Students have completed or are
in the process of completing
their internships. Employer
outreach begins; create
networking opportunities/intros
to employers.
20 ITEM 14.8. ATTACHMENT 3

SOURCES AND USE OF FUNDS
PROPOSED BUDGET:

Wages for Interns: ($25/HR, 15 HRS/WEEK, 12 WEEKS) $112,500 Payroll Taxes: $ 8,600
Employer Outreach and Career Placement: $ 17,000
Internship Supervision/Instruction: $ 20,000
Curriculum & Student Projects Development $ 7,500
Student Outreach & Marketing: $ 18,000
Instruction for 25 Students (plus 100 online students): $ 87,500 TOTAL COST: $271,100
Total program cost: $271,100. Use of funds:
● 90% Payroll (instruction, marketing, awareness building, partnerships, career coaching, employer outreach)
● 10% Utilities, Insurance, Rent
21 ITEM 14.8. ATTACHMENT 3

CONFLICT OF INTEREST STATEMENT
Bay Valley Foundation declares that there is no conflict of interest.

EXCEPTIONS
None.
22 ITEM 14.8. ATTACHMENT 3

SUPPORTIVE INFORMATION
California-based tech firms such as Google, Uber and Salesforce are experiencing severe tech worker shortages and are now seeking talent out of state, exporting high-wage jobs. Google announced that they will open tech job centers in nine other states. The Central Valley and Sacramento regions are losing out on these opportunities because they are lacking the skilled tech workforce that these large companies demand.

The Central Valley’s 6.5 million residents (larger than the populations of 30 other states) will make the region an attractive investment destination once enough local tech workers have been trained. Bay Valley Foundation’s paid internship program will help thousands of low-wage workers transition into high-paying careers and provide the California-based tech talent pool that Bay Area tech companies need.

To date, Bay Valley Foundation has:
● Improved the software development skills of almost 300 Central Valley, Sacramento area and Bay Area residents.
● Helped many local companies grow by providing hard-to-find software talent and facilitated expansion of Bay Area companies into the Central Valley. ● Built a local public/private coalition of 50 partners and corporate sponsors working toward the common goal of creating tech jobs and providing free software developer training for low-skilled workers.
● Organized more than 70 educational events and trainings. ● Sponsored high school and junior high coding initiatives. ● Grown the Valley Hackathon events, which facilitates rapid learning, to include 200 participants.
● Helped organize the annual AgTech Summit featuring executives from E&J Gallo, Blue Diamond as well as State Controller Betty Yee and California Assemblymember Heath Flora.
23 ITEM 14.8. ATTACHMENT 3

1536 Eureka Road
Roseville CA, 95661
916 677 5717
Amanda Norton
Economic Development Manager
City of Rancho Cordova
Economic Development
2729 Prospect Park Drive Rancho Cordova, CA 95670
Re: North State Building Industry Foundation proposal
Ms. Norton:

This is the introductory letter as defined in the Workforce Recovery Program Notice of Funding Availability.

Prime Organization: North State Building Industry Foundation (NSBIF) 1536 Eureka Road
Roseville, CA 95661
Jennifer Poff, Executive Director
[email protected]
916.899.4101
Understanding of City’s goals & objectives: The City’s website states, “The city’s Workforce Development Program offers FREE educational and training opportunities to Rancho Cordova residents who are unemployed, underemployed or want to upskill to compete for higher wage jobs.”
NSBIF’s proposal focuses on 18 to 30 year old city residents who are unemployed, underemployed or want to upskill to compete for higher wage jobs. The NSBIF offers work readiness preparation, connection to training and job placement in the energy, construction, utilities, and manufacturing Industries. Employment opportunities exist in the trades, professions, and business occupations of these industries.

Critical issues & challenges: In our experience, a stable home environment, lack of transportation, and sufficient childcare (for parents) represent the external barriers to training and employment. People who have been successful in our programs are people who want to make a change for the better in their lives and are able to persevere through the changes they need to make to be successful.

ITEM 14.8. ATTACHMENT 4

NSBIF Proposal 2 10.21.22
Milestone Tasks: Enroll 50 people, develop training/employment plans, placement into training, placement into employment, and retention on the job after 90 days.

Appropriate resourcing: We have dedicated staff and supportive services to assist participants.

Organization Information: The NSBIF was incorporated as a 501(c)(3) nonprofit social service organization in 2007. Attachment A is the IRS exemption form. Currently, the NSBIF has 9 employees and contractors. Two FTE employees will be working on this project. The financial reports for FY20 and FY21 can be found in Attachment B.

Applicant’s Experience:

The North State Building Industry Association Foundation has been providing workforce development employment and training services since 2007 for the Energy, Construction, & Utilities (ECU) industries in the Greater Sacramento area.

In the past two years, we have been a service provider to:
• SETA, Sacramento City Unified School District, and the City of Sacramento, to provide a variety of work-based learning experiences, student internships, teacher externships, work readiness training, life skills training, job search training, and placement services to youth and young adults ages 16 to 24.
• Sierra, Consumnes, and Sacramento, City colleges to recruit students, provide scholarships, provide job search training, and place graduating students into jobs. • Working with Home Builders and Trade Contractors we have provided student internships, summer jobs, and job fairs to hire graduating students in Placer and Sacramento counties.

In program year 20-21, we had a goal 120 individuals referred to companies and exceeded that goal by referring 408. We placed 51 participants in internships and placed 118 participants into jobs. We participated in 21 job fairs, Out of school youth had 24 participants and 19 presentations were given at local K-12 schools.

In program year 21-22, we had 591 job referrals made by our staff to industry employers, 62 youth received work readiness training, participated in 14 job fairs to recruit for programs, worked with 7 K-12 school districts to provide work-based learning experiences, 51 student interns, posted 1,899 jobs to our job board and sent 25,600 emails with job and training information to community members.

More details about our past outcomes can be found on page 12.

Detailed budget narrative and itemized funding request. (see Attachment C) ITEM 14.8. ATTACHMENT 4

NSBIF Proposal 3 10.21.22
Three References:

Entity Name: SETA
Contact: Roy Kim
Address: 925 Del Paso Blvd Sacramento, CA 95815
Phone: 916-263-3800
Email: [email protected]
References Industry: Governmental Organization Workforce Development Since FY08-09 we have had over 25 contracts amounting to $5.55 million dollars to provide Work Readiness training, On-the-Job Training, Job Search, Life Skills, and Community Service experiences to Youth/Young Adults (18-24), refugees (especially Arminian, Russian, Ukrainian, and Iraqi’s), Veterans, and Dislocated Workers. Upon completion of the program, we continue to follow up with the participants to help them get placed into employment. Our current funding is:

July 1, 2022 – June 30, 2023 for total cost of $191,438.00 Entity Name: City of Sacramento
Contact: Denise Malvetti, Andrew Kehoe, & Lindee Lane
Address: 915 I Street 4th floor Sacramento, CA 95814
Phone: 916-808-5300
Email: [email protected]; [email protected]; [email protected]
References Industry: Governmental Organization Economic Development Description of the Services provided: Since FY 18-19 we have had four projects with the City including recruiting and placing COVID effected residents into employment, recruiting, providing workforce readiness training, and placement into training and/or employment for 16-18 year olds (1000 Strong & Sacramento Youth Development Program) and provide work based learning experiences to high school youth. Total funds awarded to date $603,000. Currently, we are finishing up on the most recent projects and awaiting their next RFP.

SYDPF (Pathways 2 YES): July 1, 2021 – June 30, 2023 for total cost of $150,000.00 Entity Name: Los Rios Community College District
Contact: Theresa Milan
Address: 1410 Ethan Way Sacramento, CA 95825
Phone: 916-563-3221
Email: [email protected]
References Industry: Local Educational Agency: Community Colleges Description of the Services provided: We have had a relationship with Los Rios CCD starting in FY 08-09 and continuing up to the present day. We have had 13 contracts totaling over $2.1 million dollars. In addition to the above we have been involved in projects linking middle schools, high schools, and community colleges, providing teacher ITEM 14.8. ATTACHMENT 4

NSBIF Proposal 4 10.21.22
externships, afterschool middle school programs taught by college students. Our current funding is:

November 1, 2021 – June 30, 2023 for total cost of $57,500.00 September 1, 2022 – June 30, 2023 for total cost of $343,000.00 City of Rancho Cordova Business License: Attachment D
Sincerely,
Jennifer Poff, CAE
Executive Director
North State Building Industry Association Foundation
ITEM 14.8. ATTACHMENT 4

NSBIF Proposal 5 10.21.22

2. Table of Contents

1. Letter of Introduction P. 1

2. Table of Contents P. 5

3. Qualifications and Experience P. 6

4. Project Description P. 8

5. Sources and Uses of Funds P. 15

6. Conflict of Interest Statement P. 15

7. Exceptions P. 15

8. Supportive Information P. 16
Attachment A – IRS Nonprofit Status Certificate
Attachment B – FY20 and FY 21 Audited Financial Statements Attachment C – Detailed Budget and Budget Narrative
Attachment D – Rancho Cordova Business License
Attachment E: Letters of Support
E-1. Folsom Cordova Community Partnership Agency
E-2.Nimbus Landscaping
Attachment F: Post Secondary Training List
ITEM 14.8. ATTACHMENT 4

NSBIF Proposal 6 10.21.22

3. Qualifications and Experience

3.1 Description of each firm: The NSBIF is the sole organization responsible for implementing this project.

3.2 Key Staff
Jennifer Poff – Executive Director (4 weeks) – Primary Liaison 1536 Eureka Rd Roseville, CA 95661
916-899-4101
[email protected]
Jennifer has 15 years experience working with associations and foundations building a pipeline of future employees for the professions she serves. In her current role, she oversees the day-today operations of the Foundation.

La Vonnia Deloach Haggerty – Director of Workforce Development (11 years) 5655 Hillsdale Blvd #8 Sacramento, CA 95842
[email protected]
916-212-1290
La Vonnia oversees our workforce development team at the Hillsdale location. She works with our at-risk youth helping them with education needs and supportive services while overseeing a team of 3 case managers. Additional responsibilities include assessment of participants, mentoring, job development, program oversight and training. La Vonnia makes sure that the goals we set for each program are met.

Rick Larkey – Technical Advisor
1924 Gold Nugget Place, Rancho Cordova 95670
916.202.2836
[email protected]
Rick has 50 years experience in working as a community organizer, public administrator, and non-profit manager successfully operating workforce employment and training programs in Sacramento. He has lived in the Rancho Cordova area for over 20 years and as the Workforce Development Director of the Sacramento County Office of Education, operated the Rancho Cordova One Stop and Business Information Center at McGregor & Coloma Rd shopping center in partnership with the Rancho Cordova Chamber of Commerce. Rick served on the Rancho Cordova Chamber Board and for a time was the Interim Director. In 2007 he created the North State Building Industry Foundation as a 501(c)(3) and successfully operated the program until he stepped down as an Advisor in 2020. Rick will monitor and advise every aspect of the operation to ensure it has the necessary support to be successful.

3.4 Description of each firm:

The NSBIF is the sole organization responsible for implementing this project. We intend to involve social service agencies and community organizations as sources of referrals in the ITEM 14.8. ATTACHMENT 4

NSBIF Proposal 7 10.21.22
outreach effort and assistance with support services where appropriate. Various employers will be involved in considering applicants and providing internships where appropriate. We would like to partner with the City to reach out to residents and where appropriate recruit residents to fill Rancho Cordova City positions.

Participant Outreach Efforts: The NSBIF will contact:
• The Rancho Cordova Community Council, Folsom Cordova Community Center, Rancho Cordova Youth Center, Volunteers of America, Next Move Homeless Services, refugee and immigrant programs, ex-offender programs all of the religious organizations, food lockers, service clubs, and sports leagues serving the Rancho Cordova area,
• Public agencies including the Employment Development Department, Department of Rehabilitation, public libraries, Department of Human Assistance, Cordova Parks and Recreation, Sacramento County Office of Education, Folsom Cordova Adult Education, Cordova High School, Rancho Cordova Police Department, the County Probation, Folsom Lake Community College: Rancho Cordova Center, Child Action, and various public officials like Ken Cooley, and Ami Bera to assist in getting the word out to residents; • Homeowners associations, multi-family low Income housing property managers; • Leave program handouts at retail centers like WalMart, KP International, Safeway, and the 99¢ Store.

Employer Outreach Efforts:
• We will invite the Economic Development Department of the City of Rancho Cordova, the Rancho Cordova Chamber of Commerce, Slavic Chamber of Commerce, and various other business groups to promote the various job fairs and targeted employer events we will be conducting.
• Working with the North State Building Industry Association, the National Association of Remodeling Contractors, the Sacramento Regional Builder’s Exchange, and the Association of General Contractors-Sacramento-Sierra Chapter to promote their members contacting us concerning employment opportunities.
• We currently have a list of about 600 employers which we contact monthly to assess their employment needs.

3.5 For each nonprofit organization involved in the project, provide …….

This section is not applicable since we do not have any close partners to conduct this project; however, we do have some letters of support which we have placed in Appendix E to provide evidence that we do have pre-existing relationships in Rancho Cordova.

ITEM 14.8. ATTACHMENT 4

NSBIF Proposal 8 10.21.22

4. Project Description
a. Name of project: Building Rancho Cordova’s Workforce Today b. Project Design:

Goal: The goal of the RC Workforce Recovery Program is to increase access to energy, construction, utilities, manufacturing (ECUM) and production career pathways programs and help Rancho Cordova residents with barriers to employment enter the workforce in skilled and professional occupations.

Objectives:

1. By 12 months from the start of the program, NSBIF staff will have recruited, prepared and placed 35 Rancho Cordova participants with barriers to employment, to successfully enter the workforce in skilled and professional occupations.

2. By 12 months from the start of the program, NSBIF staff will have recruited, prepared and enrolled 15 Rancho Cordova participants with barriers to employment, to successfully enter skilled and professional occupational training programs including but not limited to apprenticeship, community colleges, and universities.

Strategies:

Target Population: The current population of Rancho Cordova is 82,244 based on the projections of the latest US Census estimates. According to the City’s website, Rancho Cordova is the 29th most diverse City in the country White: 58.23% Asian: 13.70% Black or African American: 10.62% Two or more races: 8.37% With a population of 82,244, the average household income in Rancho Cordova is $82,417 with a poverty rate of 11.55% (9,500 people). About 22,000 are between the ages of 15 and 30. 10,400 (47%) male and 11,600 (53%) female. If all of the ratios hold up it means there are about 2,500 18 to 30 year old, low-income individuals.

Historically, we have served a majority of non-white participants. Our target population are low-income people who are not abusing drugs or alcohol, who want to be successful in life and are seeking assistance in stabilizing their home environment, seeking gainful employment, and learning how to successfully work.

We will be especially cognizant of the marginally employed and will seek to identify those individuals who would like to transition into better paying jobs.

Outreach: The innovative approach to our effort will be to advertise for training, placement into employment, and enrollment into work readiness training simultaneously.

ITEM 14.8. ATTACHMENT 4

NSBIF Proposal 9 10.21.22
b. Project Design Continued
• We will be recruiting people to orientations where we describe the programs and support to be received to help people be successful; • At the same time based on employer need for workers, we will be holding job fairs and employer job talks to attract applicants for employers; • Periodically, as training courses are offered we will conduct orientations to enroll people in a variety of courses offered by a host of training providers (see Attachment E: ECU Post-Secondary Training Programs)
The net result of this effort will be to attract a variety of people in various states of development and for those who want to work with us for nine to eleven months we will enroll in the program.

We propose four approaches to outreach:
• Community based organizations/religious organizations/sports leagues/public agencies referrals: Visit all of the organizations and distribute program flyers inviting interested people to contact us directly and/or sign up for an orientation.
• Public in person or virtual orientations/events. Host and/or attend community health fairs, career fairs, job fairs, parades, and other public events to sign people up, have a table at WalMart, KP International Market, etc; • Social/digital media campaign to identify and target low income 18 to 30 year olds seeking a better job;
• Direct mail to Rancho Cordova residents: We do not have the means to do this at this point but will investigate with the City and SMUD about the feasibility of a mailer to residents about the program.

Application: For all of those interested in participating in the program they will fill out an application and provide documentation that verifies:
• They are residents of the City of Rancho Cordova;
• Legally in this country or citizens of the United States; • Have a Social Security number;
• Work, education, and community activity history
Intake/Assessment/Enrollment:
• A case manager will be assigned to interview the person and have them take a series of reading, writing, and math tests, review their existing resume if it exists, and get a general idea of what their aspirations are for the program. • If the applicant meets the standards they are enrolled and scheduled to attend a group session. If the reading or math standard is not met, 40 hours of tutoring is provided to help them reach the standards.
• Client suitability is assessed by inviting the applicant to sessions and giving work assignments. If the participant shows up and participates they are enrolled.

ITEM 14.8. ATTACHMENT 4