San Ramon City Council
February 14, 2023

CITY COUNCIL AGENDA
February 14, 2023

WE PROVIDE EFFICIENT DELIVERY OF QUALITY PUBLIC SERVICES THAT ARE

ESSENTIAL TO THOSE WHO LIVE AND WORK IN SAN RAMON
David E. Hudson, Mayor • Mark Armstrong, Vice Mayor
Scott Perkins, Councilmember • Marisol Rubio, Councilmember • Sridhar Verose, Councilmember Agenda Questions: Please call the City Clerk (925) 973-2539 Documents received after publication of this Agenda and considered by the City Council in its deliberation will be available for inspection in the City Clerk’s Office at 7000 Bollinger Canyon Road, San Ramon during normal business hours and in the red binder at the Council meeting.

Council Chamber
7000 Bollinger Canyon Road

REGULAR MEETING AND
CLOSED SESSION – 7:00 PM

MEETING PROCEDURES
Pursuant to AB 361, the City is authorized to hold public meetings via teleconferencing and to make public meetings accessible telephonically or otherwise electronically to all members of the public. This meeting will be conducted both in-person and remotely via Zoom. Please note that remote participation in the meeting is optional, and if there are technical or connection issues for Zoom, the City Council meeting will continue.

It is recommended that anyone wishing to view and/or participate in the meeting virtually download the Zoom application, www.zoom.us, before the start of the meeting. Zoom participants will have the opportunity to speak during one of the Public Comment periods (for topics not on the agenda), in addition to each of the agendized items.

If you would like to submit written public comment via email, please do so by 5:00 p.m. on Tuesday, February 14, 2023, to [email protected]. Please include “Public Comment 2/14/23” in the subject line. In the body of the email please include your name and the item you wish to comment on. Written comments submitted will be provided to the Council prior to the start of the meeting. Written public comment will not be read aloud during the meeting. If you wish to make your comments heard, you must participate in the Zoom meeting or attend the meeting in person.

Attendee Conduct
There will be zero tolerance for any person addressing the Council making profane, offensive and disruptive remarks, or engaging in loud, boisterous, or other disorderly conduct, that disrupts the orderly conduct of the public meeting. Specifically, it is important for all speakers to adhere to the following guidelines for participation in this meeting:
2 City Council Meeting – February 14, 2023
a. No profanity or obscenity.
b. Refrain from personal threats or attacks.
c. Refrain from hateful epithets and demeaning language based on any person’s race, religion, sexual orientation, ethnicity, gender, or disability. d. Respect all people that are present or watching.

At the discretion of the Mayor, a speaker may forfeit speaking time for any of the following reasons:
a. Exceeding the allotted time to speak;
b. Yelling, screaming, or other behavior that renders this Council unable to continue the meeting;
c. Excessive profanity or slander;
d. Specific threats or “fighting words” that incite violence; or e. Speech that is outside the subject matter jurisdiction of the Council or the specific agenda item in which you are speaking.

HOW TO VIEW OR PARTICIPATE IN THE MEETING:

1. In-Person – San Ramon City Hall, Council Chamber, 7000 Bollinger Canyon Road

2. To view or participate in the meeting through Zoom
Livestream online at: https://cityofsanramon.zoom.us/j/96556832748 Webinar ID: 965 5683 2748
Use the “Raise Your Hand” button to request to speak when Public Comment is being taken on the Agenda item. You will then be unmuted when it is your turn to make your comment for up to three minutes. After the allotted time, you will then be re-muted.

3. To view the meeting live online at: www.sanramon.ca.gov/YouTube

4. To listen or participate in the meeting by telephone, dial: +1 (669) 900-6833 Webinar ID: 965 5683 2748
Use *9 on your telephone to raise your hand and request to speak when Public Comment is being taken on the Agenda item. You will then be unmuted when it is your turn to make your comment for up to three minutes. After the allotted time, you will then be remuted. 3 City Council Meeting – February 14, 2023

1. CALL TO ORDER/ROLL CALL

2. PLEDGE OF ALLEGIANCE

3. ANNOUNCEMENTS

3.1 Changes and Additions to the Agenda

3.2 If you wish to speak under Public Comment or regarding an agenda item please fill out a speaker card located in the back of the room and submit it to the City Clerk. If you are participating remotely, click the "Raise Your Hand" button on your computer or *9 on your telephone to request to speak when Public Comment is being taken on the Agenda item.

3.3 Board, Committee and Commission Meetings
A complete list of upcoming meetings may be found on the City's website at:
www.sanramon.ca.gov. Subscription service is available at the link for automatic meeting notification. Contact the City Clerk with questions, (925) 973-2539.

4. PUBLIC COMMENT
Members of the audience are encouraged to address the City Council on any non-agenda item. Members of the public who are participating via Zoom will have the opportunity to make comments to the City Council live through Zoom.

Comments from the public on non-agenda items may also be submitted by email to [email protected]. Comments received by email will not be read aloud; however, they will be forwarded to the Council for their consideration. If you wish to present your comments to the public, you may do so in-person, by Zoom, or by telephone during this Public Comment period or the second Public Comment period, later in the meeting. No Council action can be taken at this meeting on issues raised during Public comment, whether submitted in person or remotely. Those wishing to have an item brought before the City Council for consideration must request so during a City Council meeting. Upon Council approval, the item will be place on the Council Policy Committee Agenda for further consideration.

For the first round of Public Comment on non-agenda items, the first 10 people to speak will have three minutes to address the Council on matters not on the agenda. Any additional Public Comment will be accommodated later in the meeting.

During public comment, members of the public are permitted to address the City Council on:
 Items that are on the Consent Calendar, including requests to pull an item from the consent calendar and the reason why you wish to pull the item or items. Please note that the decision to remove the item from the Consent Calendar is strictly at the discretion of the City Council.
 Requests for Future Agenda Items
 Special Presentation Items under Section 6 of tonight’s Agenda  Items that are not on the agenda and are within the City Council’s jurisdiction. 4 City Council Meeting – February 14, 2023

5. CONSENT CALENDAR
Consent Calendar items are considered routine and are acted upon by the City Council with a single action. Members of the audience wishing to provide public input may request (by email to the City Clerk or under Item 4 Public Comment) that the City Council remove the item from the Consent Calendar. Members of the public may request that items be removed from the Consent Calendar, however, the decision to remove the item is solely at the discretion of the City Council.

With respect to the approval of resolutions and ordinances, the reading of the title thereto shall be deemed a motion to waive a reading of the complete resolution or ordinance and unless there is a request by a Council member that the resolution or ordinance be read in full, further reading of the resolution or ordinance shall be deemed waived by unanimous consent of the Council.

5.1 Minutes of the City Council Regular Meeting – January 24, 2023 Recommendation: Accept Minutes

5.2 Minutes of the City Council/Parks and Community Services Joint Special Meeting – January 25, 2023
Recommendation: Accept Minutes

5.3 Minutes of the City Council Special Meeting – January 30, 2023 Recommendation: Accept Minutes

5.4 Minutes of the City Council Special Meeting – January 31, 2023 Recommendation: Accept Minutes

5.5 City of San Ramon Quarterly Investment Report (Period Ending December 31, 2022)
Recommendation: Accept Report

5.6 Minute Order No. 2023-005 - Authorizing the Continued Use of Teleconferencing for the Meetings of All City Legislative Bodies for the Next 30 Days, Pursuant to the Provisions of AB 361 and as Adopted by Minute Order No. 2021-005 Recommendation: Approve Minute Order No. 2023-005

5.7 Resolution No. 2023-018 - Authorizing the Mayor to Execute Amendment No. 1 to the Revenue Sharing Agreement (C2022-044) with Joyce Bonasera DBA Bonasera Tennis for Tennis Instruction, in an Amount Not to Exceed $59,000, for a Total Cumulative Contract Amount of $249,000
Recommendation: Approve Resolution No. 2023-018

5.8 Resolution No. 2023-019 - Authorizing the Mayor to Execute Amendment No. 4 to the Agreement with CivicPlus, Inc. for Software Licensing and Hosting Services Extending the Term to February 20, 2024 and Authorizing Additional Funds of $62,500 for a Cumulative Contract Amount Not to Exceed $421,875 Recommendation: Approve Resolution No. 2023-019
5 City Council Meeting – February 14, 2023

5.9 Resolution No. 2023-020 - Accepting the Work by ETIC for Construction of the Mill Creek Culvert Repair and Creek Restoration Project Phase II as Part of the Citywide Drainage Infrastructure Repair Project (CIP 915548-K) as Complete and Authorizing the City Clerk to File a Notice of Completion with the Contra Costa County Clerk Recorder's Office
Recommendation: Approve Resolution No. 2023-020

6. SPECIAL PRESENTATIONS

7. DEFERRED CONSENT ITEMS

8. CITY COUNCIL APPOINTMENTS

9. UNFINISHED BUSINESS

9.1 Public Hearing No. 2: Introduction of Ordinance (Next in Line) Amending the City Zoning Map to Rezone Property Located at 2481 Deerwood Drive (APN:
208-640-003) from Administrative Office (OA) to High Density Residential (RH) and Open Space 2 (OS-2)
Trumark Townhomes: 2481 Deerwood Drive General Plan Amendment, Rezone, and Mitigated Negative Declaration
Recommendation: Receive the Staff Report; Introduce the Ordinance (Next in Line), Waive the Reading and Read by Title Only, Open the Public Hearing to Receive Public Testimony; Close the Public Testimony Portion of the Hearing and Provide Feedback to Staff on the Proposed Rezone, General Plan Amendment, and Mitigated Negative Declaration, and Set February 28, 2023 for Additional Public Comment and Ordinance Adoption
CEQA: An Initial Study/Mitigated Negative Declaration has been prepared for the project. An electronic copy is available at the following link:
https://cityofsanramon.info/2481DeerwoodDrMND
Staff Report by Lauren Barr, Division Manager

10. NEW BUSINESS

11. CITY MANAGER AND CITY COUNCIL MEMBERS' COMMENTS

12. PUBLIC COMMENT
At this time, those in the audience who have not previously spoken under public comment are at this time, those in the audience who have not previously spoken under public comment are encouraged to address the city council on any item not already included in tonight’s agenda. No council action can be taken at this meeting on issues raised during public comment. Comments should not exceed three minutes. Those wishing to have an item brought before the city council for consideration must request so during a city Council meeting. Upon Council approval, the item will be placed on the Council Policy Committee Agenda for further consideration.
6 City Council Meeting – February 14, 2023

13. CLOSED SESSION

13.1 Convene to Closed Session pursuant to Govt. Code §59457(b) for the Consideration of City Manager Succession

13.2 Report on Closed Session

14. ADJOURNMENT
I hereby certify the attached City Council agenda was posted 72 hours before the noted meeting.

Dated: February 10, 2023
7 City Council Meeting – February 14, 2023
The agenda with links to minutes and staff reports is available on the City’s website:
www.sanramon.ca.gov

* * * * *
This Agenda is posted in accordance with Government Code Section 54954.2(a).

To request a disability-related accommodation(s) to participate in the meeting, please contact the City Clerk 48 hours in advance of the meeting at (925) 973-2539. * * * * *
Information for public participation at Council meetings, including the time limits for addressing the Council, is provided on the agenda.

If you have any questions, please contact the City Clerk prior to the meeting. * * * * *
Regular City Council meetings are broadcast on Contra Costa Television (CCTV) (Channel 27) on Wednesdays at 7:00 p.m. and Thursdays at 1:00 p.m. immediately following the meeting.

Regular City Council meetings are also broadcast on AT&T U-Verse (Channel 99).

Regular City Council meetings may also be viewed at
http://sanramonca.iqm2.com/citizens/default.aspx

MINUTES OF THE

CITY OF SAN RAMON

CITY COUNCIL MEETING
January 24, 2023

1. CALL TO ORDER/ROLL CALL
The meeting was called to order at 7:02 p.m.

Attendee Name Title Status Arrived
Dave Hudson Mayor Absent
Mark Armstrong Vice Mayor Present 7:00 PM
Scott Perkins Councilmember Present 7:00 PM
Marisol Rubio Councilmember Present 7:00 PM
Sridhar Verose Councilmember Present 7:00 PM
Also in attendance: Interim City Manager Steven Spedowfski, City Attorney Martin Lysons, City Clerk Christina Franco, Deputy City Clerk Joan Snashall, Police Captain Steve Brinkley, Parks and Community Services Program Manager Jennifer Gault, Recreation Supervisor Steve Cox, Planning Division Manager Lauren Barr, and Community Development Director Debbie Chamberlain.

2. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by San Ramon resident Garry Chaban.

3. ANNOUNCEMENTS

3.1 Changes and Additions to the Agenda

3.2 If you wish to speak under Public Comment or regarding an agenda item please fill out a speaker card located in the back of the room and submit it to the City Clerk. If you are participating remotely, click the “Raise Your Hand” button on your computer or *9 on your telephone to request to speak when Public Comment is being taken on the Agenda item.

3.3 Board, Committee and Commission Meetings
A complete list of upcoming meetings may be found on the City's website at:
www.sanramon.ca.gov. Subscription service is available at the link for automatic meeting notification. Contact the City Clerk with questions, (925) 973-2539.

4. PUBLIC COMMENT
Public comment was received from Connie Hagerty, Alisa Hagerty, Sara Lashanlo, Kathy Hyde, Walker Tippett, Arthur Martinez, and Call in User 2.

5. CONSENT CALENDAR
Cm. Perkins' motion to approve the consent calendar items 5.1 -5.6 was seconded by Cm.

Verose. The motion passed 4-0-1-0. Mayor Hudson was absent.

5.1 Packet Pg. 6
Minutes Acceptance: Minutes of Jan 24, 2023 7:00 PM (CONSENT CALENDAR) 2 City Council Meeting – January 24, 2023
RESULT: ADOPTED [UNANIMOUS]
MOVER: Scott Perkins, Councilmember
SECONDER: Sridhar Verose, Councilmember
AYES: Verose, Armstrong, Perkins, Rubio

5.1 Minutes of the City Council Regular Meeting - January 10, 2023 Recommendation: Accept Minutes

5.2 Register of Demands as Presented by the City Treasurer (Period Ending December 31, 2022)
Recommendation: Approve Register of Demands

5.3 Minute Order No. 2023-003 - Authorizing the Continued Use of Teleconferencing for the Meetings of All City Legislative Bodies for the Next 30 Days, Pursuant to the Provisions of AB 361 and as Adopted by Minute Order No. 2021-005 Recommendation: Approve Minute Order No. 2023-003

5.4 Resolution No. 2023-014 - Authorizing the Mayor to Execute an Agreement with Otis Elevator Company to Provide Elevator Maintenance and Repair Services for a Total Cumulative Five-Year Amount Not to Exceed $197,530 through June 30, 2028
Recommendation: Approve Resolution No,: 2023-014

5.5 Resolution No. 2023-015 - Authorizing the Mayor to Execute Amendment No. 1 to the Agreement with Precision Emprise LLC Dba Precision Concrete Cutting (C2021-065) for On-Call Horizontal Concrete Saw-Cutting and Shaving Services for a One-Year Term Extension through June 30, 2024
Recommendation: Approve Resolution No.: 2023-015

5.6 Resolution No. 2023-016 - Authorizing the Filing of an Application for Transportation Development Act Article 3 Grant Funds in the Amount of $174,000 to the Metropolitan Transportation Commission to Upgrade the Infrastructure at Six (6) Existing In-Roadway Flashing Crosswalks to Rectangular Rapid Flashing Beacons as Part of the Pedestrian Enhancement Devices Project (CIP 975413)
Recommendation: Approve Resolution No. 2023-016

6. SPECIAL PRESENTATIONS

6.1 Proclamation Declaring January as National Human Trafficking Prevention Month. Presented by Vice Mayor Armstrong to the Contra Costa County Human Trafficking Task Force.

5.1 Packet Pg. 7
Minutes Acceptance: Minutes of Jan 24, 2023 7:00 PM (CONSENT CALENDAR) 3 City Council Meeting – January 24, 2023
Vice Mayor Armstrong presented the proclamation to Sr. Inspector Arnold Lui from the Contra Costa County Human Trafficking Task Force. San Ramon Police Captain Steve Brinkley also thanked the task force for their partnership with the City.

6.2 Presentation of Outstanding Teen Citizenship Award to Fatimah Hussain.

Introduction by Program Supervisor Jennifer Gault. Presentation by Teen Council Vice Chair Sadhana Tadepalli.

Vice Chair Sadhana Tadepalli presented the Teen Citizenship award to the winner Fatimah Hussain.

7. DEFERRED CONSENT ITEMS

8. CITY COUNCIL APPOINTMENTS

9. UNFINISHED BUSINESS

10. NEW BUSINESS

10.1 Senior Citizens Advisory Committee Annual Report
Recommendation: Receive the Senior Citizens Advisory Committee Annual Report
Introduction by Recreation Supervisor Steve Cox. Presentation of the annual report by Colette Clark, Senior Citizens Advisory Committee Chair.

Vice Mayor Armstrong opened public comment. Public Comment was received from Call in User 2.Vice Mayor Armstrong closed public comment.

The City Council did not take any action on this item.

10.2 Public Hearing No. 1: Trumark Townhomes 2481 Deerwood Drive General Plan Amendment, Rezone, and Mitigated Negative Declaration
Recommendation: Receive the Staff Report, Take Public Comment on the Proposed General Plan Amendment, Rezone and Adoption of the Mitigated Negative Declaration and Continue the Hearing to the February 14, 2023 Meeting for the Ordinance Introduction on the Proposed Rezone.

CEQA: An Initial Study/Mitigated Negative Declaration has been prepared for the project. An electronic copy is available at the following link:
https://cityofsanramon.info/2481DeerwoodDrMND
Planning Division Manger Lauren Barr presented the staff report.

Cm.Verose's motion to open the public hearing and take public comment was seconded by Cm. Perkins. Motion approved 4-0-1-0. Mayor Hudson was absent.

Public comment was received from Kellen MacPhee and Call in User 2.

5.1 Packet Pg. 8
Minutes Acceptance: Minutes of Jan 24, 2023 7:00 PM (CONSENT CALENDAR) 4 City Council Meeting – January 24, 2023
Cm. Perkins' motion to close the public hearing was seconded by Cm. Rubio. Motion approved 4-0-1-0. Mayor Hudson was absent.

Vice Mayor Armstrong announced there will be a second public hearing at the City Council meeting on Tuesday, February 14, 2023.

10.3 Chevron Park Redevelopment Presentation
Introduction by Community Development Director Debbie Chamberlain. Presentation by Alexander Mehran Jr, President of Sunset Development.

Vice Mayor Armstrong opened public comment. Public comment was received from Garry Chaban, Bill Clarkson, Call in User 2, Joyce Carr, Jim Blickenstaff, and Susan Ferris-Inderkum. Vice Mayor Armstrong closed public comment.

The City Council did not take any action on this item.

11. CITY MANAGER'S AND CITY COUNCIL MEMBERS' COMMENTS
Public comment was received from Call in User 2.

12. PUBLIC COMMENT

13. ADJOURNMENT
The meeting was adjourned at 9:41 p.m.

5.1 Packet Pg. 9
Minutes Acceptance: Minutes of Jan 24, 2023 7:00 PM (CONSENT CALENDAR)

MINUTES OF THE CITY OF SAN RAMON

CITY COUNCIL & PARKS AND COMMUNITY SERVICES COMMISSION

JOINT SPECIAL MEETING
January 25, 2023

1. CALL TO ORDER
The meeting was called to order at 6:01 p.m.

Attendee Name Title Status Arrived
Dave Hudson Mayor Absent
Mark Armstrong Vice Mayor Present 6:00 PM
Scott Perkins Councilmember Present 6:00 PM
Marisol Rubio Councilmember Present 6:00 PM
Sridhar Verose Councilmember Present 6:00 PM
Heidi Kenniston-Lee Chair Present 6:00 PM
Will Doerlich Vice Chair Present 6:00 PM
Steve Bried Commissioner Absent
Heidi Ellicott-Pesic Commissioner Present 6:00 PM
Carol Lopez Lucey Commissioner Present 6:00 PM
Partha Mitra Commissioner Present 6:00 PM
Julia Oseland Commissioner Present 6:00 PM
Also in attendance: Interim City Manager Steven Spedowfski, City Attorney Martin Lysons, City Clerk Christina Franco, Deputy City Clerk Joan Snashall, Parks and Community Services Director Kathi Heimann, and Public Works Division Manager Robin Bartlett.

2. UNFINISHED BUSINESS

2.1 Review of Options for the Crow Canyon Garden's Master Plan Recommendation: City Council and Parks and Community Services Commission Review the Options Presented by Placeworks, Inc. and Provide Feedback to Staff on Preferred Alternatives for the Incorporation of Elements of the Former Mudd’s Restaurant and Design of the Crow Canyon Gardens Park
Public Works Division Manager Robin Bartlett presented the staff report.

Placeworks Principal Isabelle Minn, and Page & Turnbull Senior Associate Greg Yanito presented landscape and architecture design options for the site.

Vice Mayor Armstrong opened public comment. Public Comment was received from Don Birnbaum, Country Code 886 Taiwan, Michel Raad, Jim Blickenstaff, and Deb Briggs. Written public comment was received from Michel Raad. Vice Mayor Armstrong closed public comment.

Public Works Division Director Kathi Heimann, and Page and Turnbull Principal Lana Kocherovsky answered questions of the Council and Commission.

The Council and Commission provided comments and direction to staff and consultants.

The Council and Commission did not take any action on the item.

5.2 Packet Pg. 10
Minutes Acceptance: Minutes of Jan 25, 2023 6:00 PM (CONSENT CALENDAR) 2 City Council & Parks and Community Services Commission Joint Special Meeting – January 25, 2023

3. ADJOURNMENT
The meeting was adjourned at 8:47 p.m.

5.2 Packet Pg. 11
Minutes Acceptance: Minutes of Jan 25, 2023 6:00 PM (CONSENT CALENDAR)

MINUTES OF THE

CITY OF SAN RAMON

CITY COUNCIL SPECIAL MEETING
January 30, 2023

1. CALL TO ORDER/ROLL CALL
The meeting was called to order at 6:02 p.m.

Attendee Name Title Status Arrived
Dave Hudson Mayor Absent
Mark Armstrong Vice Mayor Present 6:00 PM
Scott Perkins Councilmember Present 6:00 PM
Marisol Rubio Councilmember Present 6:00 PM
Sridhar Verose Councilmember Present 6:00 PM
Also in attendance: Interim City Manager Steven Spedowfski, City Attorney Martin Lysons, City Clerk Christina Franco, Deputy City Clerk Joan Snashall, and Senior Planner Cindy Yee.

2. NEW BUSINESS

2.1 City Council Public Hearing No. 3: General Plan Amendment (GPA 2021-0001) for the 2023-2031 Housing Element Update of the General Plan Recommendation: Staff Recommends that the City Council Receive the Presentation; Open the Public Hearing; Take Public Testimony; Close the Public Hearing; Provide Comments to Staff; and If Appropriate, Adopt Resolution 2023- 017 Approving General Plan Amendment GPA 2021-0001 for the Housing Element Update of the General Plan for the 2023-2031 Planning Period.

Senior Planner Cindy Yee presented the staff report.

Veronica Tam of Veronica Tam and Associates, presented the requirements of the Housing Element.

Cm. Perkins' motion to open the public hearing and take public comment was seconded by Cm. Verose. The motion was approved 4-0-1-0. Mayor Hudson was absent.

Public comment was received from County Code 866 Twain and Jim Blickenstaff.

Written public comment was received from East Bay for Everyone and Jim Blickenstaff.

Cm. Perkins' motion to close the public hearing was seconded by Cm. Verose. The motion was approved 4-0-1-0. Mayor Hudson was absent.

Cm. Verose's motion to adopt Resolution No. 2023-017 Approving General Plan Amendment GPA 2021-0001 for the Housing Element Update of the General Plan for the 2023-2031 Planning Period was seconded by Cm. Rubio. The motion was approved 4-0- 1-0. Mayor Hudson was absent.

5.3 Packet Pg. 12
Minutes Acceptance: Minutes of Jan 30, 2023 6:00 PM (CONSENT CALENDAR) 2 City Council Special Meeting – January 30, 2023
RESULT: APPROVED [UNANIMOUS]
MOVER: Sridhar Verose, Councilmember
SECONDER: Marisol Rubio, Councilmember
AYES: Verose, Armstrong, Perkins, Rubio

3. ADJOURNMENT
The meeting was adjourned at 7:15 p.m.

5.3 Packet Pg. 13
Minutes Acceptance: Minutes of Jan 30, 2023 6:00 PM (CONSENT CALENDAR)

MINUTES OF THE

CITY OF SAN RAMON

CITY COUNCIL SPECIAL MEETING
January 31, 2023

1. CALL TO ORDER/ROLL CALL
The meeting was called to order at 5:05 p.m.

Attendee Name Title Status Arrived
Dave Hudson Mayor Absent
Mark Armstrong Vice Mayor Present 5:00 PM
Scott Perkins Councilmember Present 5:00 PM
Marisol Rubio Councilmember Present 5:00 PM
Sridhar Verose Councilmember Present 5:00 PM
Also in attendance: City Clerk Christina Franco and Deputy City Clerk Joan Snashall

2. NEW BUSINESS

2.1 Economic Development Advisory Committee Interviews and Appointments Recommendation: Conduct Interviews and Appoint EDAC Representatives The City Council conducted the interviews of seven applicants and considered the applications for two of the applicants.

The City Council took a break at 6:59 p.m. and reconvened at 7:06 p.m.

Public Comment was received from County Code 886 Taiwan.

Cm. Perkins' motion to appoint Albert Villarde as the Business Owner member with a term to expire in January 2025 was seconded by Cm. Rubio. The motion was approved 4- 0-1-0. Mayor Hudson was absent.

Cm. Perkins' motion to appoint Larry Feigenbaum, Garry Chaban, Robert Lee, Vasanth Shetty, and Srisaikrupa (Krupa) Adusumilli as regular members with terms to expire in January 2025: and Angie Billingsly as alternate member #2 with a term to expire in January 2025 was seconded by Cm. Verose. The motion was approved 4-0-1-0. Mayor Hudson was absent.

3. ADJOURNMENT
The meeting was adjourned at 7:37 p.m.

5.4 Packet Pg. 14
Minutes Acceptance: Minutes of Jan 31, 2023 5:00 PM (CONSENT CALENDAR)

CITY COUNCIL STAFF REPORT
DATE: February 14, 2023
TO: City Council/City Manager
FROM: Kelly Sessions, Administrative Services Director
By: Miaoxia Joe, Administraive Analyst
SUBJECT: City of San Ramon Quarterly Investment Report (Period Ending December 31, 2022)

RECOMMENDED ACTION
Staff recommends that the City Council review and accept the Quarterly Investment Report for the Period Ending December 31, 2022.

BACKGROUND/DISCUSSION
On February 6, 2023, the Finance Committee reviewed and accepted the December 31, 2022 Investment Report. State law requires that City Council review the City Investment Report at least quarterly. A copy of the FHN Financial-Main Street Advisors Investment Report for the period ending December 31, 2022, the Investments Held by Trustees, and the Summary of Cash and Investments are attached for your review.

The December 31, 2022 Investment Report was prepared by FHN Financial-Main Street Advisors, the City’s investment manager. The Investment Report is maintained on a daily basis to track investment yield, maturities, call dates, and market values. The Investments Held by Trustees and the Summary of Cash and Investments were prepared by staff.

The City’s investments are carried at fair value, as required by generally accepted accounting principles. In accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Pools, the City adjusts the carrying value of its investments to reflect their fair value at each fiscal year end, and it includes the effects of these adjustments in income for that fiscal year.

FISCAL ANALYSIS
The balance of the City’s demand deposit accounts held with JP Morgan Chase Bank, as of December 31, 2022 totaled $16.7 million. This account is used for daily City operations.

Total funds managed by FHN Financial-Main Street Advisors, as of December 31, 2022 totaled $63.5 million at book value. The portfolio consists of $28.0 million in federal agency securities,

5.5 Packet Pg. 15
$21.0 million in treasury securities, $3.1 million in supranationals, $5.5 million in corporate notes, $2.7 million in FDIC insured CD’s, $1.0 million in municipal bonds, and $2.2 million in commercial paper. The weighted average yield to maturity on investments is 1.87% and the weighted average days to maturity is 641 days, which is 23 days shorter than last quarter. Interest rates are 30 basis points higher than the previous quarter.

The overall objective in managing the City’s investment portfolio is to generate favorable longterm results relative to the City’s benchmark, the ICE BofAML 30-month average (MMA) custom benchmark, while maintaining safety of principal and appropriate liquidity. To accomplish these objectives, FHN Financial-Main Street Advisors is directed to maintain a strategy designed to keep the portfolio’s results in line with the established benchmark, while actively managing the portfolio’s duration relative to the benchmark, sector allocation and yield curve placement to enhance performance.

The balance of the City’s Fidelity U.S. Government Money Market account held with US Bank, as of December 31, 2022 totals $6.6 million and makes up 9.3% of the portfolio. The current rate is 4.06%. This account is available on a daily basis for immediate cash flow requirements.

The City of San Ramon has $0.6 million invested with the State Treasurer’s Office (Local Agency Investment Fund). The current interest rate is 2.17% and makes up 0.9% of the portfolio.

This account is available on a daily basis for immediate cash flow requirements.

The “Investments Held by Trustees” report was prepared by staff and is required supplementary information in the quarterly report to the City Council. Funds held with the trustee total $3.4 million. The 2019 Certificates of Participation (COP) investments managed by FHN FinancialMain Street Advisors total $0.3 million and are available for designated capital projects. The remaining $3.1 million of investments managed by the trustee pertain to City pension obligation bonds and are not available for general City purposes.

This Investment portfolio is in conformity with the City of San Ramon’s adopted “Investment Policy.” The Treasurer’s cash management program provides sufficient liquidity to meet estimated future expenditures for a period of six months. FHN Financial-Main Street Advisors provides market values for securities under their management; market prices of securities held by trust are obtained from the trustees’ monthly account statements.

FISCAL IMPLICATIONS
This item is for informational purposes only; there is no immediate fiscal impact.

STEPS FOLLOWING APPROVAL
None.

ATTACHMENT
A: Summary of Cash and Investments at December 31 2022

5.5 Packet Pg. 16
B: Investment Portfolio Information for City of San Ramon for the Month Ending December 31, 2022
C: Investments Held by Trustees at December 31, 2022
D: Investment Terminology

5.5 Packet Pg. 17
Demand deposits held with JP Morgan Chase Bank $ 16,671,860 Investment Portfolio:

Investments held with US Bank (FHN Financial - Main Street Advisors) 63,554,721 Fidelity US Government Money Market Funds held with US Bank 6,593,453 Investments held with Local Agency Investment Fund (LAIF) 610,935 Total Investment Portfolio 70,759,109

Investments held with Trustee 3,388,492
Total Cash and Investments $ 90,819,461
This investment portfolio is in conformity with the City of San Ramon's adopted investment policy. The Treasurer's cash management program provides sufficient liquidity to meet estimated future expenditures for a period of six months.

Prepared and approved by:

Miaoxia (Michelle) Joe, Finance Analyst
Approved by:

Kelly Sessions, Administrative Services Director
Summary of Cash and Investments
For the Period December 31, 2022

5.5.a
Packet Pg. 18
Attachment: A: Summary of Cash and Investments at December 31 2022 (2023-8 : Quarterly Investment Report) Client Management Team
Rick Phillips
President & Chief Investment Officer
702-575-6666
[email protected]
Tonya Dazzio Monthly Investment Report
Chief Operating & Compliance Officer
702-575-6592
[email protected] City of San Ramon
Greg Balls, CFA
Assistant Chief Investment Officer
702-575-6655
[email protected] December 2022
10655 Park Run Drive, Suite 120 | Las Vegas, NV 89144 | Phone 702.575.6600 | www.FHNMainStreet.com

5.5.b
Packet Pg. 19
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 2
Portfolio Summary
City of San Ramon 12/31/2022

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)

ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 12/31/22 11/30/22 Issuer % Portfolio
Market Value $67,198,144 $71,073,575 U.S. Treasury 29.6% Book Value $70,759,109 $74,658,634 FHLB 12.7%
Variance -$3,560,965 -$3,585,059 FFCB 11.4%
Fidelity Govt MMF 9.3%
Par Value $70,904,388 $74,750,589 FNMA 7.1%
FHLMC 5.6%
Net Asset Value $94.97 $95.20 IBRD 2.9%
TVA 2.8%
Book Yield 1.87% 1.79% MUFG Bank 1.7%
IFC 1.5%
Market Yield 4.44% 4.29% Bank of New York Mellon 1.5%
State of California 1.4%
Years to Maturity 1.76 1.72 National Securities Clearing 1.4% Johnson & Johnson 1.4%
Effective Duration 1.68 1.64 New York Life 1.4% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22

1.00%

1.10%

1.20%

1.30%

1.40%

1.50%

1.60%

1.70%

1.80%

1.90%

2.00%

0.9%

1.4%

3.1%

3.9%

4.4%

7.8%

9.3%

29.6%

39.6%
LAIF
MUNI
CP
CD
SUPRA
CORP
MMF
TSY
AGY
0% 25% 50% 75% 100%

36.5%

21.6%

26.2%

14.3%

1.4%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%

4.7%

0.7%

1.5%

1.4%

83.0%

8.7%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
0% 25% 50% 75% 100%
2 5.5.b
Packet Pg. 20
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 3
Investment Policy Compliance
City of San Ramon 12/31/2022
Category Book Value % of Portfolio % Allowed by Policy In Compliance Reserved row US Treasuries 20,952,012.04 29.61% 100% Yes
US Federal Agencies 28,027,587.87 39.61% 100% Yes
Supranational Obligations 3,113,404.92 4.40% 30% Yes
LAIF 610,935.35 0.86% 15% Yes
Commercial Paper 2,181,271.69 3.08% 25% Yes
Money Market Funds 6,593,452.83 9.32% 20% Yes
Negotiable Certificates of Deposit 2,727,364.47 3.85% 30% Yes Corporate Obligations 5,550,146.04 7.84% 30% Yes
State and Local Governments 1,002,934.10 1.42% 3% Yes
Total 70,759,109.32 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.76 Less than 2.5 Years Yes
Liquidity 36.52% 30% Under 365 Days Yes
Ratings Yes
3 5.5.b
Packet Pg. 21
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 4
Historical Book Values
City of San Ramon 12/31/2022
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fiscal Year 2019 $78.5 $80.7 $78.4 $74.4 $69.7 $67.3 $74.7 $80.7 $79.8 $79.5 $84.6 $84.8 FY19 Fiscal Year 2020 $83.8 $82.9 $83.1 $74.8 $70.8 $70.8 $77.9 $82.0 $78.4 $78.8 $86.0 $87.0 FY20 Fiscal Year 2021 $85.5 $84.8 $85.7 $81.6 $76.1 $73.2 $75.4 $77.3 $77.4 $83.6 $85.3 $85.2 FY21 Fiscal Year 2022 $84.7 $80.5 $80.6 $78.6 $74.7 $71.3 $70.6 $80.3 $81.7 $81.8 $81.9 $82.0 FY22 Fiscal Year 2023 $76.8 $76.2 $76.3 $75.2 $74.6 $71.7 FY23 Average Daily BalanceJul-09
Nov-09
Mar-10
Jul-10
Nov-10
Mar-11
Jul-11
Nov-11
Mar-12
Jul-12
Nov-12
Mar-13
Jul-13
Nov-13
Mar-14
Jul-14
Nov-14
Mar-15
Jul-15
Nov-15
Mar-16
Jul-16
Nov-16
Mar-17
Jul-17
Nov-17
Mar-18
Jul-18
Nov-18
Mar-19
Jul-19
Nov-19
Mar-20
Jul-20
Nov-20
Mar-21
Jul-21
Nov-21
Mar-22
Jul-22
Nov-22
$50
$60
$70
$80
$90
Millions
4 5.5.b
Packet Pg. 22
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 5
Historical Book Values Per Fiscal Year
City of San Ramon 12/31/2022
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fiscal Year 2019 $78.5 $80.7 $78.4 $74.4 $69.7 $67.3 $74.7 $80.7 $79.8 $79.5 $84.6 $84.8 FY19 Fiscal Year 2020 $83.8 $82.9 $83.1 $74.8 $70.8 $70.8 $77.9 $82.0 $78.4 $78.8 $86.0 $87.0 FY20 Fiscal Year 2021 $85.5 $84.8 $85.7 $81.6 $76.1 $73.2 $75.4 $77.3 $77.4 $83.6 $85.3 $85.2 FY21 Fiscal Year 2022 $84.7 $80.5 $80.6 $78.6 $74.7 $71.3 $70.6 $80.3 $81.7 $81.8 $81.9 $82.0 FY22 Fiscal Year 2023 $76.8 $76.2 $76.3 $75.2 $74.6 $71.7 FY23 Figures in Millions, Average Daily Balance
Chart Title
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
$65
$70
$75
$80
$85
$90
Millions
Fiscal Year 2019 Fiscal Year 2020 Fiscal Year 2021 Fiscal Year 2022 Fiscal Year 2023 5 5.5.b
Packet Pg. 23
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 6
Historical Weighted Average Maturity
City of San Ramon 12/31/2022 Don
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fiscal Year 2019 1.44 1.52 1.60 1.76 1.79 1.70 1.69 1.67 1.65 1.50 1.55 1.63 Fiscal Year 2020 1.59 1.58 1.64 1.83 1.88 1.89 1.60 1.70 1.78 1.71 1.87 1.82 Fiscal Year 2021 1.93 1.76 1.72 1.88 1.87 1.88 1.83 1.91 1.96 1.90 1.83 1.76 Fiscal Year 2022 1.98 2.04 1.86 1.98 2.01 2.01 1.93 1.96 2.02 1.94 1.86 1.91 Fiscal Year 2023 1.96 1.88 1.82 1.80 1.72 1.76 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16
Mar-17
Jul-17
Nov-17
Mar-18
Jul-18
Nov-18
Mar-19
Jul-19
Nov-19
Mar-20
Jul-20
Nov-20
Mar-21
Jul-21
Nov-21
Mar-22
Jul-22
Nov-22

0.00 0.50

1.00 1.50

2.00 2.50
Average Years To Maturity
6 5.5.b
Packet Pg. 24
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 7
Next Twelve Months Cash Flow
City of San Ramon 12/31/2022
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Maturities $8.5 $0.0 $3.0 $0.2 $2.0 $2.2 $1.0 $1.0 $1.5 $3.2 $2.2 $1.0 1 Par Value in Millions; Assumes Securities Are Held To Maturity $8.5
$0.0
$3.0
$0.2
$2.0
$2.2
$1.0 $1.0
$1.5
$3.2
$2.2
$1.0
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 $0
$1
$2
$3
$4
$5
$6
$7
$8
$9
Millions
7 5.5.b
Packet Pg. 25
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 8
Yield At Cost Per 6-Month Maturity Intervals
City of San Ramon 12/31/2022
Years Yield At Cost % of Portfolio
0 to .5 3.21% 22.47%
.5 to 1.0 2.60% 14.05%

1.0 to 1.5 1.25% 5.29%

1.5 to 2.0 1.20% 16.31%

2.0 to 2.5 1.33% 10.60%

2.5 to 3.0 0.79% 15.59%

3.0 to 3.5 1.79% 5.53%

3.5 to 4.0 1.54% 8.75%

4.0 to 4.5 2.08% 1.41%

4.5 to 5.0 0.00% 0.00%

5.0+ 0.00% 0.00%
Total 1.87% 100.0%

3.21%

2.60%

1.25%

1.20% 1.33%

0.79%

1.79%

1.54%

2.08%
-0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%
Maturity Intervals
Yield At Cost
Bubble Size = Maturity's % of Portfolio
8 5.5.b
Packet Pg. 26
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 9
Historical Sector Allocation
City of San Ramon 12/31/2022
Sector Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 AGY 48.7% 45.8% 45.8% 45.7% 45.6% 43.1% 45.1% 43.8% 47.6% 44.7% 40.6% 39.6% TSY 18.5% 23.3% 23.3% 23.3% 23.3% 29.2% 28.8% 28.8% 28.8% 28.1% 28.1% 29.6% MMF 2.0% 2.8% 2.2% 2.3% 3.1% 2.4% 4.7% 6.8% 6.3% 6.4% 10.9% 9.3% CORP 8.5% 7.3% 7.9% 7.9% 7.9% 8.0% 8.6% 8.6% 7.3% 7.4% 7.4% 7.8% Supra 4.4% 3.8% 3.8% 3.8% 3.8% 3.8% 4.1% 4.1% 4.1% 4.2% 4.2% 4.4% CD 6.3% 5.5% 5.5% 5.5% 4.8% 4.5% 4.9% 4.2% 3.9% 4.0% 3.7% 3.9% CP 3.5% 4.6% 4.6% 4.6% 4.6% 4.6% 1.6% 1.6% 0.0% 3.0% 3.0% 3.1% Muni 1.4% 1.2% 1.2% 1.2% 1.2% 1.2% 1.3% 1.3% 1.3% 1.3% 1.3% 1.4% LAIF 6.5% 5.6% 5.6% 5.6% 5.6% 3.2% 0.8% 0.8% 0.8% 0.8% 0.8% 0.9% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
AGY
TSY
MMF
CORP
Supra
CD
CP
Muni
LAIF
9 5.5.b
Packet Pg. 27
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 10
Issuer Allocation
City of San Ramon 12/31/2022

0.4%

0.4%

0.4%

0.4%

0.4%

0.4%

0.4%

0.4%

0.4%

0.4%

0.4%

0.7%

0.9%

1.4%

1.4%

1.4%

1.4%

1.4%

1.4%

1.5%

1.5%

1.7%

2.8%

2.9%

5.6%

7.1%

9.3%

11.4%

12.7%

29.6%

TIAA FSB
EnerBank
Comenity Capital Bank
Morgan Stanley Private Bank
UBS Bank USA
Synchrony Bank
Sallie Mae Bank
Morgan Stanley Bank
Citigroup
First Missouri State Bank
Axos Bank
Home Depot
LAIF
Royal Bank of Canada
Microsoft
New York Life
Johnson & Johnson
National Securities Clearing
State of California
Bank of New York Mellon
IFC
MUFG Bank
TVA
IBRD
FHLMC
FNMA
Fidelity Govt MMF
FFCB
FHLB
U.S. Treasury
0% 5% 10% 15% 20% 25% 30% 35%
10 5.5.b
Packet Pg. 28
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 11
Historical Earnings & Book Return Performance
City of San Ramon 12/31/2022
Fiscal YTD ($K) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY 2021 $121.850 $238.660 $351.123 $453.598 $547.800 $641.347 $734.415 $823.342 $911.769 $1,003.637 $1,096.200 $1,187.000 FY 2022 $89.499 $177.452 $260.506 $341.752 $413.503 $484.482 $558.270 $632.320 $713.196 $786.938 $879.582 $966.358 FY 2023 $87.417 $182.231 $276.317 $378.276 $484.915 $591.766 Fiscal YTD Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Book Return 1.34% 1.40% 1.43% 1.47% 1.53% 1.56%
Fiscal Year-To-Date Earnings
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
Thousands
FY 2021
FY 2022
FY 2023
Fiscal Year-To-Date Book Return
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

1.20%

1.25%

1.30%

1.35%

1.40%

1.45%

1.50%

1.55%

1.60%
11 5.5.b
Packet Pg. 29
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 12
Historical Yield At Cost vs Benchmark
City of San Ramon 12/31/2022
Month-End Yield At Cost vs Benchmark
Jul-09
Dec-09
May-10
Oct-10
Mar-11
Aug-11
Jan-12
Jun-12
Nov-12
Apr-13
Sep-13Feb-14
Jul-14
Dec-14
May-15
Oct-15
Mar-16
Aug-16
Jan-17
Jun-17
Nov-17
Apr-18
Sep-18Feb-19
Jul-19
Dec-19
May-20
Oct-20
Mar-21
Aug-21
Jan-22
Jun-22
Nov-22

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0% Portfolio
Benchmark
Trailing 12 Months: Month End Yield At Cost vs Benchmark Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1.6%

1.8%

2.0%
Portfolio
Benchmark
Benchmark: Custom Benchmark (see disclosure)
12 5.5.b
Packet Pg. 30
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Run Date: 1/4/2023 - 1:31 PM
Amortizing Page 13
Investment Activity
City of San Ramon 12/31/2022
Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Positions 64 70 70 70 68 69 65 62 60 58 55 53
Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Purchases 0 6 2 0 0 4 0 0 2 2 0 2
Redemptions 1 0 2 0 2 3 4 3 4 3 3 4
Total 1 6 4 0 2 7 4 3 6 5 3 6
Number of Positions at Month End
Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 50 55
60 65
70 75
Positions
Purchases and Redemptions* (Excluding MMF/LGIP)
Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 0 2
4 6
8 10
Number of Transactions
Purchases
Redemptions
*Redemptions include maturities, calls, and sells
13 5.5.b
Packet Pg. 31
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Portfolio Summary
City of San Ramon December 31, 2022
Investments Par Value Book Value
% of
Portfolio Maturity YTM
Days to
Market Value
Book
Certificates of Deposit 2,728,000.00 2,658,004.48 2,727,364.47 3.85 400 2.47 Commercial Paper 2,250,000.00 2,179,172.50 2,181,271.69 3.08 225 5.03 Corporate Bonds 5,579,000.00 5,314,929.65 5,550,146.04 7.84 580 2.10 LAIF 610,935.35 610,935.35 610,935.35 0.86 1 2.17
Money Market Funds 6,593,452.83 6,593,452.83 6,593,452.83 9.32 1 4.06 Municipal Securities 1,000,000.00 985,280.00 1,002,934.10 1.42 274 1.84 Supranational Securities 3,095,000.00 2,829,171.90 3,113,404.92 4.40 901 0.46 U.S. Agencies 28,048,000.00 26,597,217.63 28,027,587.87 39.61 604 1.69 U.S. Treasuries 21,000,000.00 19,429,980.00 20,952,012.04 29.61 980 1.17 70,904,388.18 67,198,144.34 70,759,109.32 100.00 641 1.87 Investments
Total Earnings December 31 Month Ending Fiscal Year To Date Current Year 106,850.87 591,765.56
Average Daily Balance 71,685,498.85 75,146,837.34
Book Rate of Return 1.76% 1.56%
Run Date: 1/4/2023 - 1:32 PM
Amortizing
14 5.5.b
Packet Pg. 32
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Holdings Report
City of San Ramon December 31, 2022
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
61747MF63 Morgan Stanley Bank 01/11/2023 248,000.00 01/12/2018 247,417.20 99.95 247,883.44 0.35% NR/NR 0.03

2.650% 2.70% 247,996.49 4.17% 3,132.95 -113.05 NR 0.03
87165E2L0 Synchrony Bank 04/24/2023 248,000.00 04/27/2020 247,635.44 99.04 245,611.76 0.35% NR/NR 0.31

1.100% 1.15% 247,961.94 4.21% 515.70 -2,350.18 NR 0.31
17312QN96 Citibank 06/28/2023 248,000.00 06/29/2018 247,432.08 99.53 246,822.00 0.35% NR/NR 0.49

3.300% 3.35% 247,944.30 4.29% 89.69 -1,122.30 NR 0.49
29278TLY4 EnerBank 09/27/2023 248,000.00 09/30/2019 247,523.84 98.14 243,377.28 0.35% NR/NR 0.74

2.000% 2.05% 247,911.82 4.58% 67.95 -4,534.54 NR 0.73
90348JEV8 UBS Bank USA 10/24/2023 248,000.00 10/25/2018 247,429.60 99.10 245,760.56 0.35% NR/NR 0.81

3.450% 3.50% 247,907.17 4.59% 187.53 -2,146.61 NR 0.79
61760ARS0 Morgan Stanley Private Bank 11/08/2023 248,000.00 11/09/2018 247,434.56 99.07 245,701.04 0.35% NR/NR 0.85

3.550% 3.60% 247,903.33 4.66% 1,302.51 -2,202.29 NR 0.83 20033AP91 Comenity Capital Bank 02/15/2024 248,000.00 02/19/2019 247,427.12 98.32 243,833.60 0.35% NR/NR 1.13

3.100% 3.15% 247,870.77 4.64% 358.07 -4,037.17 NR 1.09
87270LBU6 TIAA FSB 02/22/2024 248,000.00 02/25/2019 247,427.12 98.19 243,511.20 0.35% NR/NR 1.15

3.000% 3.05% 247,868.64 4.64% 2,690.63 -4,357.44 NR 1.11 05465DAK4 Axos Bank 03/26/2024 248,000.00 03/26/2020 248,000.00 96.41 239,106.72 0.35% NR/NR 1.24

1.650% 1.65% 248,000.00 4.65% 67.27 -8,893.28 NR 1.22
32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 09/13/2019 248,000.00 95.53 236,904.48 0.35% NR/NR 1.70

1.850% 1.85% 248,000.00 4.61% 1,382.68 -11,095.52 NR 1.66 795451AK9 Sallie Mae Bank 08/11/2026 248,000.00 08/11/2021 248,000.00 88.51 219,492.40 0.35% NR/NR 3.61

1.100% 1.10% 248,000.00 4.59% 1,068.78 -28,507.60 NR 3.52 2,723,726.96 2,658,004.48 3.85% 1.10
Total Certificates of Deposit 2,728,000.00 2.47% 2,727,364.47 4.51% 10,863.76 -69,359.98 1.07 Commercial Paper
78015DU32 Royal Bank of Canada, NY 07/03/2023 1,000,000.00 10/07/2022 965,627.78 97.45 974,510.00 1.38% P-1/A-1+ 0.50

0.000% 4.76% 976,482.16 5.19% 0.00 -1,972.16 F1+ 0.51
62479MWF6 MUFG Bank, NY 09/15/2023 1,250,000.00 12/20/2022 1,202,831.60 96.37 1,204,662.50 1.70% P-1/A-1 0.71

0.000% 5.25% 1,204,789.53 5.32% 0.00 -127.03 F1 0.71
2,168,459.38 2,179,172.50 3.08% 0.62
Total Commercial Paper 2,250,000.00 5.03% 2,181,271.69 5.26% 0.00 -2,099.19 0.62 Corporate Bonds
Run Date: 1/4/2023 - 1:32 PM
Amortizing
15 5.5.b
Packet Pg. 33
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Holdings Report
City of San Ramon December 31, 2022
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Corporate Bonds
478160BT0 Johnson & Johnson 03/01/2023 1,000,000.00 03/13/2020 1,024,970.00 99.63 996,320.00 1.42% Aaa/AAA 0.16

2.050% 01/01/2023 1.19% 1,001,402.81 4.18% 6,833.33 -5,082.81 NR 0.15 594918BQ6 Microsoft 08/08/2023 1,000,000.00 05/01/2019 976,240.00 98.42 984,160.00 1.41% Aaa/AAA 0.60

2.000% 06/08/2023 2.59% 996,645.47 4.69% 7,944.44 -12,485.47 AAA 0.57 06406RAL1 Bank of New York Mellon 10/24/2024 1,079,000.00 06/28/2022 1,044,137.51 95.34 1,028,664.65 1.49% A1/A 1.82

2.100% 3.56% 1,051,768.89 4.81% 4,217.09 -23,104.24 AA- 1.73 64952WDL4 New York Life 01/22/2025 1,000,000.00 01/22/2020 996,410.00 94.05 940,540.00 1.41% Aaa/AA+ 2.06

2.000% 2.08% 998,522.12 5.08% 8,833.33 -57,982.12 AAA 1.95 437076CM2 Home Depot 04/15/2025 500,000.00 03/28/2022 499,125.00 95.83 479,155.00 0.71% A2/A 2.29

2.700% 2.76% 499,342.75 4.64% 2,850.00 -20,187.75 A 2.15 637639AE5 National Securities Clearing 12/07/2025 1,000,000.00 01/07/2021 1,004,130.00 88.61 886,090.00 1.42% Aaa/AA+ 2.94

0.750% 11/07/2025 0.66% 1,002,464.00 4.97% 500.00 -116,374.00 NR 2.82 5,545,012.51 5,314,929.65 7.84% 1.59
Total Corporate Bonds 5,579,000.00 2.10% 5,550,146.04 4.74% 31,178.19 -235,216.39 1.51 LAIF
9807828 LAIF 01/01/2023 610,935.35 10/14/2022 610,935.35 1.00 610,935.35 0.86% NR/NR 0.00

2.170% 2.17% 610,935.35 2.17% 0.00 0.00 NR 0.00
610,935.35 610,935.35 0.86% 0.00
Total LAIF 610,935.35 2.17% 610,935.35 2.17% 0.00 0.00 0.00 Money Market Funds
FIGXX Fidelity Govt MMF 01/01/2023 6,593,452.83 6,593,452.83 0.00 6,593,452.83 9.32% Aaa/AAA 0.00

4.060% 4.06% 6,593,452.83 4.06% 21,046.29 0.00 NR 0.00
6,593,452.83 6,593,452.83 9.32% 0.00
Total Money Market Funds 6,593,452.83 4.06% 6,593,452.83 4.06% 21,046.29 0.00 0.00 Municipal Securities
13063DDG0 State of California 10/01/2023 1,000,000.00 11/27/2019 1,015,040.00 98.53 985,280.00 1.42% Aa2/AA- 0.75

2.250% 1.84% 1,002,934.10 4.26% 5,625.00 -17,654.10 AA 0.72 Run Date: 1/4/2023 - 1:32 PM
Amortizing
16 5.5.b
Packet Pg. 34
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Holdings Report
City of San Ramon December 31, 2022
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
1,015,040.00 985,280.00 1.42% 0.75
Total Municipal Securities 1,000,000.00 1.84% 1,002,934.10 4.26% 5,625.00 -17,654.10 0.72 Supranational Securities
45950KCR9 IFC 10/16/2024 1,060,000.00 01/21/2021 1,100,216.40 94.43 1,000,968.60 1.53% Aaa/AAA 1.79

1.375% 0.35% 1,079,315.83 4.64% 3,036.46 -78,347.23 AAA 1.72 459058JL8 IBRD 10/28/2025 2,035,000.00 02/04/2021 2,033,473.75 89.84 1,828,203.30 2.87% Aaa/AAA 2.83

0.500% 0.52% 2,034,089.09 4.36% 1,780.62 -205,885.79 AAA 2.73 3,133,690.15 2,829,171.90 4.40% 2.47
Total Supranational Securities 3,095,000.00 0.46% 3,113,404.92 4.46% 4,817.08 -284,233.02 2.38 U.S. Agencies
3135G0T94 FNMA 01/19/2023 1,000,000.00 01/23/2018 994,220.00 99.92 999,150.00 1.41% Aaa/AA+ 0.05

2.375% 2.50% 999,942.07 3.82% 10,687.50 -792.07 AAA 0.04 313384DL0 FHLB 03/24/2023 2,000,000.00 12/27/2022 1,978,443.34 99.04 1,980,740.00 2.80% P-1/A-1+ 0.23

0.000% 4.51% 1,979,434.44 4.28% 0.00 1,305.56 F1+ 0.23
313384FM6 FHLB 05/12/2023 2,000,000.00 09/16/2022 1,949,094.44 98.42 1,968,300.00 2.79% P-1/A-1+ 0.36

0.000% 3.95% 1,971,743.10 4.45% 0.00 -3,443.10 F1+ 0.36 3134GVQ68 FHLMC 06/16/2023 2,000,000.00 06/16/2020 2,000,000.00 98.13 1,962,660.00 2.83% Aaa/AA+ 0.46

0.375% 06/16/2022 0.38% 2,000,000.00 4.51% 312.50 -37,340.00 AAA 0.44 3136G0X97 FNMA 10/30/2023 2,000,000.00 10/09/2019 2,055,480.00 97.72 1,954,340.00 2.84% Aaa/AA+ 0.83

2.125% 1.42% 2,011,354.22 4.95% 7,201.39 -57,014.22 AAA 0.80 3133EKKU9 FFCB 11/08/2023 1,000,000.00 06/04/2019 1,013,870.00 97.98 979,790.00 1.42% Aaa/AA+ 0.85

2.300% 1.97% 1,002,671.32 4.74% 3,386.11 -22,881.32 AAA 0.82 3133EJWW5 FFCB 12/14/2023 1,005,000.00 12/31/2018 1,013,462.10 98.36 988,487.85 1.42% Aaa/AA+ 0.95

2.950% 2.77% 1,006,631.71 4.73% 1,400.02 -18,143.86 AAA 0.91 3133EKQU3 FFCB 06/13/2024 1,000,000.00 06/20/2019 998,320.00 96.17 961,700.00 1.41% Aaa/AA+ 1.45

1.950% 1.99% 999,510.90 4.71% 975.00 -37,810.90 AAA 1.39 3133EKA63 FFCB 08/16/2024 2,000,000.00 08/16/2019 1,993,680.00 95.47 1,909,400.00 2.82% Aaa/AA+ 1.63

1.600% 1.67% 1,997,946.00 4.52% 12,000.00 -88,546.00 AAA 1.56 3133EKP75 FFCB 09/17/2024 2,000,000.00 09/17/2019 1,997,420.00 95.26 1,905,180.00 2.83% Aaa/AA+ 1.72

1.600% 1.63% 1,999,117.07 4.51% 9,244.44 -93,937.07 AAA 1.64 3133EK4Y9 FFCB 11/01/2024 1,043,000.00 05/07/2020 1,090,612.96 95.05 991,329.78 1.50% Aaa/AA+ 1.84

1.650% 0.62% 1,062,469.98 4.49% 2,868.25 -71,140.20 AAA 1.76 3130AQXY4 FHLB 02/28/2025 2,000,000.00 02/28/2022 2,000,000.00 94.36 1,887,180.00 2.83% Aaa/AA+ 2.16

2.000% 01/28/2023 2.00% 2,000,000.00 4.77% 13,666.67 -112,820.00 AAA 2.05 Run Date: 1/4/2023 - 1:32 PM
Amortizing
17 5.5.b
Packet Pg. 35
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Holdings Report
City of San Ramon December 31, 2022
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
880591EW8 TVA 05/15/2025 2,000,000.00 05/11/2020 2,002,840.00 91.39 1,827,700.00 2.83% Aaa/AA+ 2.37

0.750% 0.72% 2,001,344.43 4.63% 1,916.67 -173,644.43 AAA 2.29 3137EAEX3 FHLMC 09/23/2025 2,000,000.00 10/06/2020 1,991,000.00 89.99 1,799,760.00 2.82% Aaa/AA+ 2.73

0.375% 0.47% 1,995,054.28 4.30% 2,041.67 -195,294.28 AAA 2.64 3135G06G3 FNMA 11/07/2025 2,000,000.00 01/20/2021 2,000,620.00 89.93 1,798,500.00 2.83% Aaa/AA+ 2.85

0.500% 0.49% 2,000,368.34 4.29% 1,500.00 -201,868.34 AAA 2.76 3130AL7M0 FHLB 02/24/2026 2,000,000.00 02/24/2021 2,000,000.00 88.69 1,773,820.00 2.83% Aaa/AA+ 3.15

0.625% 02/24/2023 0.63% 2,000,000.00 4.52% 4,409.72 -226,180.00 AAA 3.03 3130AQW66 FHLB 02/25/2027 1,000,000.00 02/25/2022 1,000,000.00 90.92 909,180.00 1.41% Aaa/AA+ 4.16

2.080% 02/25/2023 2.08% 1,000,000.00 4.50% 7,280.00 -90,820.00 AAA 3.75 28,079,062.84 26,597,217.63 39.61% 1.66
Total U.S. Agencies 28,048,000.00 1.69% 28,027,587.87 4.52% 78,889.94 -1,430,370.23 1.58 U.S. Treasuries
91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 10/29/2021 993,750.00 96.16 961,560.00 1.41% Aaa/AA+ 0.87

0.250% 0.56% 997,330.99 4.80% 324.59 -35,770.99 AAA 0.84 91282CCC3 U.S. Treasury 05/15/2024 2,000,000.00 08/17/2021 1,993,671.88 94.12 1,882,420.00 2.82% Aaa/AA+ 1.37

0.250% 0.37% 1,996,835.94 4.72% 649.17 -114,415.94 AAA 1.33 912828YM6 U.S. Treasury 10/31/2024 2,000,000.00 04/06/2021 2,067,656.26 94.75 1,894,920.00 2.88% Aaa/AA+ 1.84

1.500% 0.54% 2,034,762.03 4.52% 5,138.12 -139,842.03 AAA 1.76 912828G38 U.S. Treasury 11/15/2024 2,000,000.00 07/23/2021 2,118,750.00 96.04 1,920,860.00 2.92% Aaa/AA+ 1.88

2.250% 0.44% 2,067,170.73 4.47% 5,842.54 -146,310.73 AAA 1.79 912828ZF0 U.S. Treasury 03/31/2025 2,000,000.00 07/23/2021 1,998,359.38 91.84 1,836,880.00 2.83% Aaa/AA+ 2.25

0.500% 0.52% 1,999,000.03 4.35% 2,554.95 -162,120.03 AAA 2.18 91282CAT8 U.S. Treasury 10/31/2025 2,000,000.00 04/06/2021 1,946,875.00 89.42 1,788,360.00 2.78% Aaa/AA+ 2.84

0.250% 0.84% 1,967,055.50 4.26% 856.35 -178,695.50 AAA 2.75 912828M56 U.S. Treasury 11/15/2025 2,000,000.00 02/07/2022 2,041,015.62 94.65 1,892,960.00 2.87% Aaa/AA+ 2.88

2.250% 1.69% 2,031,275.53 4.25% 5,842.54 -138,315.53 AAA 2.72 912828R36 U.S. Treasury 05/15/2026 2,000,000.00 06/07/2022 1,897,500.00 92.04 1,840,700.00 2.70% Aaa/AA+ 3.37

1.625% 3.01% 1,912,254.87 4.18% 4,219.61 -71,554.87 AAA 3.20 91282CCW9 U.S. Treasury 08/31/2026 1,000,000.00 08/31/2021 997,798.42 88.54 885,430.00 1.41% Aaa/AA+ 3.67

0.750% 0.80% 998,385.59 4.15% 2,548.34 -112,955.59 AAA 3.52 91282CCZ2 U.S. Treasury 09/30/2026 1,000,000.00 10/13/2021 990,351.56 88.79 887,930.00 1.40% Aaa/AA+ 3.75

0.875% 1.08% 992,714.44 4.13% 2,235.58 -104,784.44 AAA 3.59 91282CDG3 U.S. Treasury 10/31/2026 2,000,000.00 02/07/2022 1,941,093.76 89.44 1,788,820.00 2.76% Aaa/AA+ 3.84

1.125% 1.78% 1,952,247.39 4.13% 3,853.59 -163,427.39 AAA 3.65 Run Date: 1/4/2023 - 1:32 PM
Amortizing
18 5.5.b
Packet Pg. 36
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Holdings Report
City of San Ramon December 31, 2022
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.

WAM
Accrued Int.

Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Treasuries
912828U24 U.S. Treasury 11/15/2026 2,000,000.00 03/14/2022 2,003,593.76 92.46 1,849,140.00 2.83% Aaa/AA+ 3.88

2.000% 1.96% 2,002,979.00 4.13% 5,193.37 -153,839.00 AAA 3.63 20,990,415.64 19,429,980.00 29.61% 2.68
Total U.S. Treasuries 21,000,000.00 1.17% 20,952,012.04 4.34% 39,258.75 -1,522,032.04 2.56 70,859,795.66 67,198,144.34 100.00% 1.76
TOTAL PORTFOLIO 70,904,388.18 1.87% 70,759,109.32 4.44% 191,679.01 -3,560,964.95 1.68 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 67,389,823.35
Run Date: 1/4/2023 - 1:32 PM
Amortizing
19 5.5.b
Packet Pg. 37
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Maturity Report
City of San Ramon December 31, 2022
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
Issuer YTM
Days to
Maturity
Book
FIGXX Fidelity Govt MMF 6,593,452.83 4.060% 01/01/2023 6,593,452.83 1 6,593,452.83 4.06% 1 9807828 LAIF 06/16/2021 610,935.35 2.170% 01/01/2023 610,935.35 1 610,935.35 2.17% 1 61747MF63 Morgan Stanley Bank 01/12/2018 247,996.49 2.650% 01/11/2023 248,000.00 1,814 247,883.44 2.70% 11 3135G0T94 FNMA 01/23/2018 999,942.07 2.375% 01/19/2023 1,000,000.00 1,803 999,150.00 2.50% 19 478160BT0 Johnson & Johnson 03/13/2020 1,001,402.81 2.050% 03/01/2023 1,000,000.00 1,023 996,320.00 1.19% 60 313384DL0 FHLB 12/27/2022 1,979,434.44 0.000% 03/24/2023 2,000,000.00 4 1,980,740.00 4.51% 83 87165E2L0 Synchrony Bank 04/27/2020 247,961.94 1.100% 04/24/2023 248,000.00 978 245,611.76 1.15% 114 313384FM6 FHLB 09/16/2022 1,971,743.10 0.000% 05/12/2023 2,000,000.00 106 1,968,300.00 3.95% 132 3134GVQ68 FHLMC 06/16/2020 2,000,000.00 0.375% 06/16/2023 2,000,000.00 928 1,962,660.00 0.38% 167 17312QN96 Citibank 06/29/2018 247,944.30 3.300% 06/28/2023 248,000.00 1,646 246,822.00 3.35% 179 78015DU32 Royal Bank of Canada, NY 10/07/2022 976,482.16 0.000% 07/03/2023 1,000,000.00 85 974,510.00 4.76% 184 594918BQ6 Microsoft 05/01/2019 996,645.47 2.000% 08/08/2023 1,000,000.00 1,340 984,160.00 2.59% 220 62479MWF6 MUFG Bank, NY 12/20/2022 1,204,789.53 0.000% 09/15/2023 1,250,000.00 11 1,204,662.50 5.25% 258 29278TLY4 EnerBank 09/30/2019 247,911.82 2.000% 09/27/2023 248,000.00 1,188 243,377.28 2.05% 270 13063DDG0 State of California 11/27/2019 1,002,934.10 2.250% 10/01/2023 1,000,000.00 1,130 985,280.00 1.84% 274 90348JEV8 UBS Bank USA 10/25/2018 247,907.17 3.450% 10/24/2023 248,000.00 1,528 245,760.56 3.50% 297 3136G0X97 FNMA 10/09/2019 2,011,354.22 2.125% 10/30/2023 2,000,000.00 1,179 1,954,340.00 1.42% 303 61760ARS0 Morgan Stanley Private Bank 11/09/2018 247,903.33 3.550% 11/08/2023 248,000.00 1,513 245,701.04 3.60% 312 3133EKKU9 FFCB 06/04/2019 1,002,671.32 2.300% 11/08/2023 1,000,000.00 1,306 979,790.00 1.97% 312 91282CAW1 U.S. Treasury 10/29/2021 997,330.99 0.250% 11/15/2023 1,000,000.00 428 961,560.00 0.56% 319 3133EJWW5 FFCB 12/31/2018 1,006,631.71 2.950% 12/14/2023 1,005,000.00 1,461 988,487.85 2.77% 348 20033AP91 Comenity Capital Bank 02/19/2019 247,870.77 3.100% 02/15/2024 248,000.00 1,411 243,833.60 3.15% 411 87270LBU6 TIAA FSB 02/25/2019 247,868.64 3.000% 02/22/2024 248,000.00 1,405 243,511.20 3.05% 418 05465DAK4 Axos Bank 03/26/2020 248,000.00 1.650% 03/26/2024 248,000.00 1,010 239,106.72 1.65% 451 91282CCC3 U.S. Treasury 08/17/2021 1,996,835.94 0.250% 05/15/2024 2,000,000.00 501 1,882,420.00 0.37% 501 3133EKQU3 FFCB 06/20/2019 999,510.90 1.950% 06/13/2024 1,000,000.00 1,290 961,700.00 1.99% 530 3133EKA63 FFCB 08/16/2019 1,997,946.00 1.600% 08/16/2024 2,000,000.00 1,233 1,909,400.00 1.67% 594 32100LCB9 First Missouri State Bank 09/13/2019 248,000.00 1.850% 09/13/2024 248,000.00 1,205 236,904.48 1.85% 622 3133EKP75 FFCB 09/17/2019 1,999,117.07 1.600% 09/17/2024 2,000,000.00 1,201 1,905,180.00 1.63% 626 45950KCR9 IFC 01/21/2021 1,079,315.83 1.375% 10/16/2024 1,060,000.00 709 1,000,968.60 0.35% 655 06406RAL1 Bank of New York Mellon 06/28/2022 1,051,768.89 2.100% 10/24/2024 1,079,000.00 186 1,028,664.65 3.56% 663 912828YM6 U.S. Treasury 04/06/2021 2,034,762.03 1.500% 10/31/2024 2,000,000.00 634 1,894,920.00 0.54% 670 3133EK4Y9 FFCB 05/07/2020 1,062,469.98 1.650% 11/01/2024 1,043,000.00 968 991,329.78 0.62% 671 912828G38 U.S. Treasury 07/23/2021 2,067,170.73 2.250% 11/15/2024 2,000,000.00 526 1,920,860.00 0.44% 685 64952WDL4 New York Life 01/22/2020 998,522.12 2.000% 01/22/2025 1,000,000.00 1,074 940,540.00 2.08% 753 3130AQXY4 FHLB 02/28/2022 2,000,000.00 2.000% 02/28/2025 2,000,000.00 306 1,887,180.00 2.00% 790 Run Date: 1/4/2023 - 1:32 PM
Amortizing
20 5.5.b
Packet Pg. 38
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Maturity Report
City of San Ramon December 31, 2022
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
Issuer YTM
Days to
Maturity
Book
912828ZF0 U.S. Treasury 07/23/2021 1,999,000.03 0.500% 03/31/2025 2,000,000.00 526 1,836,880.00 0.52% 821 437076CM2 Home Depot 03/28/2022 499,342.75 2.700% 04/15/2025 500,000.00 278 479,155.00 2.76% 836 880591EW8 TVA 05/11/2020 2,001,344.43 0.750% 05/15/2025 2,000,000.00 964 1,827,700.00 0.72% 866 3137EAEX3 FHLMC 10/06/2020 1,995,054.28 0.375% 09/23/2025 2,000,000.00 816 1,799,760.00 0.47% 997 459058JL8 IBRD 02/04/2021 2,034,089.09 0.500% 10/28/2025 2,035,000.00 695 1,828,203.30 0.52% 1,032 91282CAT8 U.S. Treasury 04/06/2021 1,967,055.50 0.250% 10/31/2025 2,000,000.00 634 1,788,360.00 0.84% 1,035 3135G06G3 FNMA 01/20/2021 2,000,368.34 0.500% 11/07/2025 2,000,000.00 710 1,798,500.00 0.49% 1,042 912828M56 U.S. Treasury 02/07/2022 2,031,275.53 2.250% 11/15/2025 2,000,000.00 327 1,892,960.00 1.69% 1,050 637639AE5 National Securities Clearing 01/07/2021 1,002,464.00 0.750% 12/07/2025 1,000,000.00 723 886,090.00 0.66% 1,072 3130AL7M0 FHLB 02/24/2021 2,000,000.00 0.625% 02/24/2026 2,000,000.00 675 1,773,820.00 0.63% 1,151 912828R36 U.S. Treasury 06/07/2022 1,912,254.87 1.625% 05/15/2026 2,000,000.00 207 1,840,700.00 3.01% 1,231 795451AK9 Sallie Mae Bank 08/11/2021 248,000.00 1.100% 08/11/2026 248,000.00 507 219,492.40 1.10% 1,319 91282CCW9 U.S. Treasury 08/31/2021 998,385.59 0.750% 08/31/2026 1,000,000.00 487 885,430.00 0.80% 1,339 91282CCZ2 U.S. Treasury 10/13/2021 992,714.44 0.875% 09/30/2026 1,000,000.00 444 887,930.00 1.08% 1,369 91282CDG3 U.S. Treasury 02/07/2022 1,952,247.39 1.125% 10/31/2026 2,000,000.00 327 1,788,820.00 1.78% 1,400 912828U24 U.S. Treasury 03/14/2022 2,002,979.00 2.000% 11/15/2026 2,000,000.00 292 1,849,140.00 1.96% 1,415 3130AQW66 FHLB 02/25/2022 1,000,000.00 2.080% 02/25/2027 1,000,000.00 309 909,180.00 2.08% 1,517 Net Maturities and Averages 70,759,109.32 70,904,388.18 67,198,144.34 1.87% 641 Run Date: 1/4/2023 - 1:32 PM
Amortizing
21 5.5.b
Packet Pg. 39
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Summary by Issuer
City of San Ramon December 31, 2022
Issuer Investments
Number of Par
Value
Book
Value
% of
Portfolio YTM Maturity
Book Days to
U.S. Treasury 12 21,000,000.00 20,952,012.04 29.61 1.17 980 FHLB 5 9,000,000.00 8,951,177.55 12.65 2.69 651
FFCB 6 8,048,000.00 8,068,346.98 11.40 1.73 538
Fidelity Govt MMF 1 6,593,452.83 6,593,452.83 9.32 4.06 1 FNMA 3 5,000,000.00 5,011,664.63 7.08 1.27 541
FHLMC 2 4,000,000.00 3,995,054.28 5.65 0.42 581
IBRD 1 2,035,000.00 2,034,089.09 2.87 0.52 1,032
TVA 1 2,000,000.00 2,001,344.43 2.83 0.72 866
MUFG Bank 1 1,250,000.00 1,204,789.53 1.70 5.25 258
IFC 1 1,060,000.00 1,079,315.83 1.53 0.35 655
Bank of New York Mellon 1 1,079,000.00 1,051,768.89 1.49 3.56 663 State of California 1 1,000,000.00 1,002,934.10 1.42 1.84 274 National Securities Clearing 1 1,000,000.00 1,002,464.00 1.42 0.66 1,072 Johnson & Johnson 1 1,000,000.00 1,001,402.81 1.42 1.19 60 New York Life 1 1,000,000.00 998,522.12 1.41 2.08 753
Microsoft 1 1,000,000.00 996,645.47 1.41 2.59 220
Royal Bank of Canada 1 1,000,000.00 976,482.16 1.38 4.76 184 LAIF 1 610,935.35 610,935.35 0.86 2.17 1
Home Depot 1 500,000.00 499,342.75 0.71 2.76 836
First Missouri State Bank 1 248,000.00 248,000.00 0.35 1.85 622 Citigroup 1 248,000.00 247,944.30 0.35 3.35 179
Axos Bank 1 248,000.00 248,000.00 0.35 1.65 451
Sallie Mae Bank 1 248,000.00 248,000.00 0.35 1.10 1,319 Morgan Stanley Bank 1 248,000.00 247,996.49 0.35 2.70 11 Synchrony Bank 1 248,000.00 247,961.94 0.35 1.15 114
Morgan Stanley Private Bank 1 248,000.00 247,903.33 0.35 3.60 312 UBS Bank USA 1 248,000.00 247,907.17 0.35 3.50 297
Comenity Capital Bank 1 248,000.00 247,870.77 0.35 3.15 411 EnerBank 1 248,000.00 247,911.82 0.35 2.05 270
TIAA FSB 1 248,000.00 247,868.64 0.35 3.05 418
Total and Average 53 70,904,388.18 70,759,109.32 100.00% 1.87 641 Run Date: 1/4/2023 - 1:32 PM
Amortizing
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Packet Pg. 40
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Income Earned Summary
City of San Ramon December 31, 2022
December 31 Month End Fiscal Year To Date
Interest
Interest Received/Purchased
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned During Period
Total Adjustments for Amortization/Accretion
Total Capital Gains or Losses
Total Earnings During Period
85,073.80 579,008.89
191,679.01 191,679.01
-185,303.74 -229,291.96
91,449.07 541,395.94
15,401.80 50,382.48

0.00 -12.86
106,850.87 591,765.56
Run Date: 1/4/2023 - 1:32 PM
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Packet Pg. 41
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Income Earned
City of San Ramon December 01, 2022 - December 31, 2022 CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
Certificates of Deposit
61747MF63 Morgan Stanley Bank 01/11/2023 248,000.00 247,986.59 247,996.49 2,574.78 0.00 3,132.95 558.17 9.90 568.07 87165E2L0 Synchrony Bank 04/24/2023 248,000.00 247,951.59 247,961.94 284.01 0.00 515.70 231.69 10.35 242.04 17312QN96 Citibank 06/28/2023 248,000.00 247,934.65 247,944.30 3,497.82 4,103.21 89.69 695.08 9.65 704.73 29278TLY4 EnerBank 09/27/2023 248,000.00 247,901.70 247,911.82 54.36 407.67 67.95 421.26 10.12 431.38 90348JEV8 UBS Bank USA 10/24/2023 248,000.00 247,897.48 247,907.17 164.09 703.23 187.53 726.67 9.69 736.36 61760ARS0 Morgan Stanley Private Bank 11/08/2023 248,000.00 247,893.73 247,903.33 554.77 0.00 1,302.51 747.74 9.60 757.34 20033AP91 Comenity Capital Bank 02/15/2024 248,000.00 247,861.02 247,870.77 337.01 631.89 358.07 652.95 9.75 662.70 87270LBU6 TIAA FSB 02/22/2024 248,000.00 247,858.90 247,868.64 2,058.74 0.00 2,690.63 631.89 9.74 641.63 05465DAK4 Axos Bank 03/26/2024 248,000.00 248,000.00 248,000.00 56.05 336.33 67.27 347.55 0.00 347.55 32100LCB9 First Missouri State Bank 09/13/2024 248,000.00 248,000.00 248,000.00 993.02 0.00 1,382.68 389.66 0.00 389.66 795451AK9 Sallie Mae Bank 08/11/2026 248,000.00 248,000.00 248,000.00 837.08 0.00 1,068.78 231.70 0.00 231.70 Certificates of Deposit - Sub Total 2,728,000.00 2,727,285.67 2,727,364.47 11,411.73 6,182.33 10,863.76 5,634.36 78.80 5,713.16 Commercial Paper
38150UMK4 Goldman Sachs 12/19/2022 0.00 1,247,518.44 0.00 0.00 0.00 0.00 0.00 2,481.56 2,481.56 78015DU32 Royal Bank of Canada, NY 07/03/2023 1,000,000.00 972,476.38 976,482.16 0.00 0.00 0.00 0.00 4,005.79 4,005.79 62479MWF6 MUFG Bank, NY 09/15/2023 1,250,000.00 0.00 1,204,789.53 0.00 0.00 0.00 0.00 1,957.93 1,957.93 Commercial Paper - Sub Total 2,250,000.00 2,219,994.81 2,181,271.69 0.00 0.00 0.00 0.00 8,445.28 8,445.28 Corporate Bonds
478160BT0 Johnson & Johnson 03/01/2023 1,000,000.00 1,002,127.59 1,001,402.81 5,125.00 0.00 6,833.33 1,708.33 -724.78 983.55 594918BQ6 Microsoft 08/08/2023 1,000,000.00 996,166.25 996,645.47 6,277.78 0.00 7,944.44 1,666.66 479.22 2,145.88 06406RAL1 Bank of New York Mellon 10/24/2024 1,079,000.00 1,050,476.14 1,051,768.89 2,328.84 0.00 4,217.09 1,888.25 1,292.75 3,181.00 64952WDL4 New York Life 01/22/2025 1,000,000.00 998,460.29 998,522.12 7,166.67 0.00 8,833.33 1,666.66 61.83 1,728.49 437076CM2 Home Depot 04/15/2025 500,000.00 499,318.03 499,342.75 1,725.00 0.00 2,850.00 1,125.00 24.73 1,149.73 637639AE5 National Securities Clearing 12/07/2025 1,000,000.00 1,002,536.33 1,002,464.00 3,625.00 3,750.00 500.00 625.00 -72.33 552.67 Corporate Bonds - Sub Total 5,579,000.00 5,549,084.63 5,550,146.04 26,248.29 3,750.00 31,178.19 8,679.90 1,061.40 9,741.30 LAIF
9807828 LAIF 01/01/2023 610,935.35 610,935.35 610,935.35 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 610,935.35 610,935.35 610,935.35 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds
Run Date: 1/4/2023 - 1:32 PM
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Packet Pg. 42
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Income Earned
City of San Ramon December 01, 2022 - December 31, 2022 CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
Money Market Funds
FIGXX Fidelity Govt MMF 01/01/2023 6,593,452.83 8,164,653.96 6,593,452.83 20,611.47 20,611.47 21,046.29 21,046.29 0.00 21,046.29 Money Market Funds - Sub Total 6,593,452.83 8,164,653.96 6,593,452.83 20,611.47 20,611.47 21,046.29 21,046.29 0.00 21,046.29 Municipal Securities
13063DDG0 State of California 10/01/2023 1,000,000.00 1,003,270.98 1,002,934.10 3,750.00 0.00 5,625.00 1,875.00 -336.88 1,538.12 Municipal Securities - Sub Total 1,000,000.00 1,003,270.98 1,002,934.10 3,750.00 0.00 5,625.00 1,875.00 -336.88 1,538.12 Supranational Securities
45950KCR9 IFC 10/16/2024 1,060,000.00 1,080,212.85 1,079,315.83 1,821.88 0.00 3,036.46 1,214.58 -897.02 317.56 459058JL8 IBRD 10/28/2025 2,035,000.00 2,034,061.32 2,034,089.09 932.71 0.00 1,780.62 847.91 27.77 875.68 Supranational Securities - Sub Total 3,095,000.00 3,114,274.17 3,113,404.92 2,754.59 0.00 4,817.08 2,062.49 -869.25 1,193.24 U.S. Agencies
3130A3KM5 FHLB 12/09/2022 0.00 1,000,040.64 0.00 11,944.44 12,500.00 0.00 555.56 -40.64 514.92 313385T97 FHLB 12/21/2022 0.00 1,995,988.26 0.00 0.00 0.00 0.00 0.00 4,011.74 4,011.74 3133EFUJ4 FFCB 12/29/2022 0.00 1,276,813.24 0.00 11,574.17 13,706.25 0.00 2,132.08 -1,813.24 318.84 3135G0T94 FNMA 01/19/2023 1,000,000.00 999,842.31 999,942.07 8,708.33 0.00 10,687.50 1,979.17 99.77 2,078.94 313384DL0 FHLB 03/24/2023 2,000,000.00 0.00 1,979,434.44 0.00 0.00 0.00 0.00 991.11 991.11 313384FM6 FHLB 05/12/2023 2,000,000.00 1,965,056.36 1,971,743.10 0.00 0.00 0.00 0.00 6,686.75 6,686.75 3134GVQ68 FHLMC 06/16/2023 2,000,000.00 2,000,000.00 2,000,000.00 3,437.50 3,750.00 312.50 625.00 0.00 625.00 3136G0X97 FNMA 10/30/2023 2,000,000.00 2,012,531.42 2,011,354.22 3,659.72 0.00 7,201.39 3,541.67 -1,177.19 2,364.48 3133EKKU9 FFCB 11/08/2023 1,000,000.00 1,002,941.07 1,002,671.32 1,469.44 0.00 3,386.11 1,916.67 -269.74 1,646.93 3133EJWW5 FFCB 12/14/2023 1,005,000.00 1,006,774.01 1,006,631.71 13,753.15 14,823.75 1,400.02 2,470.62 -142.30 2,328.32 3133EKQU3 FFCB 06/13/2024 1,000,000.00 999,481.85 999,510.90 9,100.00 9,750.00 975.00 1,625.00 29.05 1,654.05 3133EKA63 FFCB 08/16/2024 2,000,000.00 1,997,837.16 1,997,946.00 9,333.33 0.00 12,000.00 2,666.67 108.84 2,775.51 3133EKP75 FFCB 09/17/2024 2,000,000.00 1,999,072.63 1,999,117.07 6,577.78 0.00 9,244.44 2,666.66 44.43 2,711.09 3133EK4Y9 FFCB 11/01/2024 1,043,000.00 1,063,384.48 1,062,469.98 1,434.12 0.00 2,868.25 1,434.13 -914.50 519.63 3130AQXY4 FHLB 02/28/2025 2,000,000.00 2,000,000.00 2,000,000.00 10,333.33 0.00 13,666.67 3,333.34 0.00 3,333.34 880591EW8 TVA 05/15/2025 2,000,000.00 2,001,393.24 2,001,344.43 666.67 0.00 1,916.67 1,250.00 -48.80 1,201.20 3137EAEX3 FHLMC 09/23/2025 2,000,000.00 1,994,898.15 1,995,054.28 1,416.67 0.00 2,041.67 625.00 156.13 781.13 3135G06G3 FNMA 11/07/2025 2,000,000.00 2,000,379.47 2,000,368.34 666.67 0.00 1,500.00 833.33 -11.13 822.20 3130AL7M0 FHLB 02/24/2026 2,000,000.00 2,000,000.00 2,000,000.00 3,368.06 0.00 4,409.72 1,041.66 0.00 1,041.66 3130AQW66 FHLB 02/25/2027 1,000,000.00 1,000,000.00 1,000,000.00 5,546.67 0.00 7,280.00 1,733.33 0.00 1,733.33 Run Date: 1/4/2023 - 1:32 PM
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Packet Pg. 43
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Income Earned
City of San Ramon December 01, 2022 - December 31, 2022 CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
U.S. Agencies - Sub Total 28,048,000.00 30,316,434.27 28,027,587.87 102,990.05 54,530.00 78,889.94 30,429.89 7,710.27 38,140.16 U.S. Treasuries
91282CAW1 U.S. Treasury 11/15/2023 1,000,000.00 997,071.62 997,330.99 110.50 0.00 324.59 214.09 259.37 473.46 91282CCC3 U.S. Treasury 05/15/2024 2,000,000.00 1,996,640.16 1,996,835.94 220.99 0.00 649.17 428.18 195.78 623.96 912828YM6 U.S. Treasury 10/31/2024 2,000,000.00 2,036,370.42 2,034,762.03 2,569.06 0.00 5,138.12 2,569.06 -1,608.39 960.67 912828G38 U.S. Treasury 11/15/2024 2,000,000.00 2,070,210.57 2,067,170.73 1,988.95 0.00 5,842.54 3,853.59 -3,039.84 813.75 912828ZF0 U.S. Treasury 03/31/2025 2,000,000.00 1,998,962.27 1,999,000.03 1,703.30 0.00 2,554.95 851.65 37.76 889.41 91282CAT8 U.S. Treasury 10/31/2025 2,000,000.00 1,966,068.75 1,967,055.50 428.18 0.00 856.35 428.17 986.74 1,414.91 912828M56 U.S. Treasury 11/15/2025 2,000,000.00 2,032,198.90 2,031,275.53 1,988.95 0.00 5,842.54 3,853.59 -923.37 2,930.22 912828R36 U.S. Treasury 05/15/2026 2,000,000.00 1,910,045.20 1,912,254.87 1,436.46 0.00 4,219.61 2,783.15 2,209.67 4,992.82 91282CCW9 U.S. Treasury 08/31/2026 1,000,000.00 998,348.21 998,385.59 1,906.08 0.00 2,548.34 642.26 37.38 679.64 91282CCZ2 U.S. Treasury 09/30/2026 1,000,000.00 992,549.47 992,714.44 1,490.38 0.00 2,235.58 745.20 164.98 910.18 91282CDG3 U.S. Treasury 10/31/2026 2,000,000.00 1,951,190.02 1,952,247.39 1,926.80 0.00 3,853.59 1,926.79 1,057.38 2,984.17 912828U24 U.S. Treasury 11/15/2026 2,000,000.00 2,003,044.27 2,002,979.00 1,767.96 0.00 5,193.37 3,425.41 -65.26 3,360.15 U.S. Treasuries - Sub Total 21,000,000.00 20,952,699.86 20,952,012.04 17,537.61 0.00 39,258.75 21,721.14 -687.82 21,033.32 Grand Total 70,904,388.18 74,658,633.72 70,759,109.32 185,303.74 85,073.80 191,679.01 91,449.07 15,401.80 106,850.87 Run Date: 1/4/2023 - 1:32 PM
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Packet Pg. 44
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Realized Gains and Losses
City of San Ramon December 01, 2022 - December 31, 2022 CUSIP Par Value Sale Date Days Held Maturity/Sales Realized Issuer Purchase Date Coupon Rate Maturity Date Term Book Value Proceeds Gain/Loss Commercial Paper
38150UMK4 10/07/2022 1,250,000.00 12/19/2022 73 1,250,000.00 1,250,000.00 0.00 Goldman Sachs 0.000% 12/19/2022 73
Total Commercial Paper 1,250,000.00 1,250,000.00 0.00
U.S. Agencies
3133EFUJ4 05/01/2020 1,275,000.00 12/29/2022 972 1,275,000.00 1,275,000.00 0.00 FFCB 2.150% 12/29/2022 972
313385T97 09/23/2022 2,000,000.00 12/21/2022 89 2,000,000.00 2,000,000.00 0.00 FHLB 0.000% 12/21/2022 89
3130A3KM5 12/22/2017 1,000,000.00 12/09/2022 1,813 1,000,000.00 1,000,000.00 0.00 FHLB 2.500% 12/09/2022 1,813
Total U.S. Agencies 4,275,000.00 4,275,000.00 0.00
Grand Total 5,525,000.00 5,525,000.00 0.00
Run Date: 1/4/2023 - 1:32 PM
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Packet Pg. 45
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Transaction Report
City of San Ramon December 01, 2022 - December 31, 2022 Transaction Transaction Security Security Maturity
Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 12/01/2022 Withdrawal FIGXX FIGXX - - - - -2,000,000.00 12/02/2022 Interest FIGXX Fidelity Govt MMF - - 20,611.47 - - 12/07/2022 Interest 637639AE5 NSCCLF 0 3/4 12/07/25 12/07/2025 - - 3,750.00 - - 12/09/2022 Interest 3130A3KM5 FHLB 2 1/2 12/09/22 12/09/2022 - - 12,500.00 - - 12/09/2022 Maturity 3130A3KM5 FHLB 2 1/2 12/09/22 12/09/2022 - 1,000,000.00 - - - 12/13/2022 Interest 3133EKQU3 FFCB 1.95 06/13/24 06/13/2024 - - 9,750.00 - - 12/14/2022 Interest 3133EJWW5 FFCB 2.95 12/14/23 12/14/2023 - - 14,823.75 - - 12/15/2022 Interest 20033AP91 ADS 3.1 02/15/24 02/15/2024 - - 631.89 - - 12/16/2022 Withdrawal FIGXX FIGXX - - - - -2,000,000.00 12/16/2022 Interest 3134GVQ68 FHLMC 0 3/8 06/16/23 06/16/2023 - - 3,750.00 - - 12/19/2022 Maturity 38150UMK4 GS INTERNATIONAL 12/19/2022 - 1,250,000.00 - - - 12/20/2022 Purchase 62479MWF6 MUFG BANK LTD/NY 09/15/2023 -1,202,831.60 - - - - 12/21/2022 Maturity 313385T97 FHLB DISCOUNT NT 12/21/2022 - 2,000,000.00 - - - 12/27/2022 Purchase 313384DL0 FHLB DISCOUNT NT 03/24/2023 -1,978,443.33 - - - - 12/27/2022 Interest 29278TLY4 CMS 2 09/27/23 09/27/2023 - - 407.67 - - 12/27/2022 Interest 90348JEV8 UBS 3.45 10/24/23 10/24/2023 - - 703.23 - - 12/27/2022 Interest 05465DAK4 BOFI 1.65 03/26/24 03/26/2024 - - 336.33 - - 12/28/2022 Interest 17312QN96 C 3.3 06/28/23 06/28/2023 - - 4,103.21 - - 12/29/2022 Interest 3133EFUJ4 FFCB 2.15 12/29/22 12/29/2022 - - 13,706.25 - - 12/29/2022 Maturity 3133EFUJ4 FFCB 2.15 12/29/22 12/29/2022 - 1,275,000.00 - - - Grand Total: -3,181,274.93 5,525,000.00 85,073.80 0.00 -4,000,000.00 Run Date: 1/4/2023 - 1:32 PM
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Packet Pg. 46
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December Disclosure
Discolure
Custom Benchmark: 24 Month Moving Average of the ICE BofA 0-3Yr Treasury Index Note: The portfolio is not managed on a total return basis, nor is it managed to a specific index; rather, the portfolio is managed to ensure liquidity with the majority of the portfolio needed to fund debt and pension payments. Performance of the portfolio can differ greatly from the index depending on interest rate movements, and cash flow needs of the portfolio.

This report represents the opinions of FHN Financial Main Street Advisors, LLC and should not be considered predictive of any future market performance. Opinions are subject to change without notice. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered investment advice or a recommendation of any particular security, investment strategy, or investment product.

Although this information has been obtained from sources which we believe to be reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. All herein listed securities are subject to availability and change in price. Past performance is not indicative of future results, and changes in any assumptions may have a material effect on projected results.

Ratings on all securities are subject to change.

FHN Financial Capital Markets, FHN Financial Portfolio Advisors, and FHN Financial Municipal Advisors are divisions of First Horizon Bank. FHN Financial Securities Corp., FHN Financial Main Street Advisors, LLC, and FHN Financial Capital Assets Corp. are wholly owned subsidiaries of First Horizon Bank. FHN Financial Securities Corp. is a member of FINRA and SIPC — http://www.sipc.org/.

FHN Financial Municipal Advisors is a registered municipal advisor. FHN Financial Portfolio Advisors is a portfolio manager operating under the trust powers of First Horizon Bank. FHN Financial Main Street Advisors, LLC is a registered investment advisor. None of the other FHN entities, including FHN Financial Capital Markets, FHN Financial Securities Corp., or FHN Financial Capital Assets Corp. are acting as your advisor, and none owe a fiduciary duty under the securities laws to you, any municipal entity, or any obligated person with respect to, among other things, the information and material contained in this communication. Instead, these FHN entities are acting for their own interests. You should discuss any information or material contained in this communication with any and all internal or external advisors and experts that you deem appropriate before acting on this information or material.

FHN Financial, through First Horizon Bank or its affiliates, offers investment products and services. Investment products are not FDIC insured, have no bank guarantee, and may lose value.

Source: ICE Data Indices, LLC ("ICE"), is used with permission. ICE, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND

REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS SHALL NOT BE

SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND SUBSCRIBER'S USE IS AT SUBSCRIBER'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND FHN FINANCIAL MAIN STREET ADVISORS, LLC, OR ANY OF ITS PRODUCTS OR SERVICES.

Run Date: 1/4/2023 - 1:32 PM
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Packet Pg. 47
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending December City of San Ramon
Investment Report - Supplementary InformationInvestments Held by Trustees at December 31, 2022 Maturity
Description CUSIP Rate Date Cost Market Issue
AMBAC Assurance 1.00 1.00 06(A) TA
Wells Fargo Money Market 0.74 0.74 2010 POB
Wells Fargo Money Market 3,051,317.41 3,051,316.41 2010 POB Wells Fargo Money Market 133.34 133.34 2010 POB
Wells Fargo Money Market 16,953.91 16,953.91 2010 POB
Wells Fargo Money Market 2.86 2.86 2010 POB
Dreyfus Govt Cash Mgmt X9USDYRUT 4.09% n/a 320,082.64 320,082.64 2019 COP Dreyfus Govt Cash Mgmt X9USDYRUT 0.00% n/a 0.04 0.04 2019 COP $ 3,388,490.94 3,388,491.94 $

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Packet Pg. 48
Attachment: C: Investments Held by Trustees at December 31, 2022 (2023-8 : Quarterly Investment

INVESTMENT TERMINOLOGY
Basis Points – A standard measure for interest rates that represents one one-hundredth of one percent.

Book Value – The price paid for the financial instrument as recorded on the balance sheet. Book value never changes as long as the instrument is owned.

Fair Value – Also known as market value, fair value is the price that buyers and sellers of a financial instrument would agree upon if the instrument was sold in the market today.

Par Value – Value of the instrument at the time of issuance, also known as face value (when financial instruments were printed on paper, it was the value printed on the face of the paper document).

Weighted Average Days to Maturity – The average length of time until all the investments in the portfolio will mature.

Weighted Average Yield to Maturity – The average return anticipated on the investment instruments as a whole if all are held to maturity.

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Packet Pg. 49
Attachment: D: Investment Terminology (2023-8 : Quarterly Investment Report)

CITY COUNCIL STAFF REPORT
DATE: February 14, 2023
TO: City Council/City Manager
FROM: Christina Franco, City Clerk
By: Joan Snashall, Deputy City Clerk
SUBJECT: MINUTE ORDER NO. 2023-005 - Authorizing the Continued Use of Teleconferencing for the Meetings of All City Legislative Bodies for the Next 30 Days, Pursuant to the Provisions of AB 361 and as Adopted by Minute Order No. 2021-005
This item is by title only.

5.6 Packet Pg. 50

CITY COUNCIL STAFF REPORT
DATE: February 14, 2023
TO: City Council/City Manager
FROM: Kathi Heimann, Parks & Community Services Director By: Mae Mlyniec, Administrative Analyst
SUBJECT: RESOLUTION NO. 2023-018 - Authorizing the Mayor to Execute Amendment No. 1 to the Revenue Sharing Agreement (C2022-044) with Joyce Bonasera DBA Bonasera Tennis for Tennis Instruction, in an Amount Not to Exceed $59,000, for a Total Cumulative Contract Amount of $249,000

RECOMMENDED ACTION
Staff recommends that the City Council approve this resolution authorizing the Mayor to execute Amendment No. 1 to the Revenue Sharing Agreement with Joyce Bonasera for Tennis Instruction, in an amount not to exceed $59,000, for a total cumulative contract amount of $249,000.

BACKGROUND/DISCUSSION
The City began offering tennis classes through a revenue sharing agreement with instructor, Joyce Bonasera (dba Bonasera Tennis), in 2017. The program has been very successful and continues to generate high rates of participation. The Bonasera Tennis programs will exceed the current agreement amount due to an unanticipated increase in participation in the tennis programs this year. The Parks and Community Services Department requests an Amendment to the one-year revenue sharing agreement, in an amount not to exceed $59,000, for a total cumulative contract amount of $249,000, and no extension of the term of the contract.

Resolution No. 2022-058 (Fee Resolution) authorizes the Parks and Community Services Department to charge fees for participation in classes, programs, activities, and events based on:
● Comparable fees in other cities, recreation districts, and colleges ● Session length and length of class time per meeting
● Revenue sharing agreements with contracted instructors ● The cost to the City for providing such services
● The value and benefit of such services to the San Ramon Community Fees are collected for the classes and split with the contractors on a percentage basis. Currently, the revenue split is 50% Bonasera Tennis, 50% City.

FISCAL ANALYSIS

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Due to the success of these programs, the annual contracted payments exceed the $100,000 annual limit for City Manager authorization and therefore, require approval of the City Council.

Staff is recommending Amendment No. 1, in an amount not to exceed $59,000, for a total cumulative agreement amount of $249,000. The original agreement is a revenue sharing agreement and as such, no expenditures are incurred by the City for Tennis Instruction. The Parks and Community Services Department’s budget excludes expenditures related to instructor contract services and only shows the net revenue. The FY 2022/23 Parks and Community Services Department’s budget includes the projected revenue for this amendment.

STEPS FOLLOWING APPROVAL
Staff will prepare an amendment for this instructor revenue sharing agreement per the established Purchasing and Procurement Policy.

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RESOLUTION NO. 2023-018

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAMON AUTHORIZING THE MAYOR TO EXECUTE AMENDMENT NO. 1 TO THE REVENUE SHARING AGREEMENT (C2022-044) WITH JOYCE BONASERA DBA

BONASERA TENNIS FOR TENNIS INSTRUCTION, IN AN AMOUNT NOT TO EXCEED $59,000, FOR A TOTAL CUMULATIVE CONTRACT AMOUNT OF $249,000 WHEREAS, the City of San Ramon’s Parks and Community Services Department offers classes and programs through revenue sharing agreements with contracted instructors; and WHEREAS, the City of San Ramon previously entered into an Agreement with Joyce Bonasera DBA Bonasera Tennis for Tennis Instruction on August 16, 2022 for a cumulative Agreement not-to-exceed $190,000; and
WHEREAS, the City of San Ramon desires to authorize additional funds of $59,000, all other terms and conditions remain the same; and
WHEREAS, the Parks and Community Services approved 2022-23 Annual Budget includes the funds for this agreement.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Ramon does hereby authorize the Mayor to execute Amendment No. 1 to the revenue sharing agreement (C2022-044) with Joyce Bonasera DBA Bonasera Tennis for Tennis Instruction, in an amount not to exceed $59,000 for a total cumulative contract amount of $249,000.

PASSED, APPROVED, AND ADOPTED, at the meeting of February 14, 2023 by the following votes:

AYES:

NOES:

ABSENT:

ABSTAIN:
________________________
David E. Hudson, Mayor
ATTEST:
________________________
Christina Franco, City Clerk

5.7 Packet Pg. 53

CITY COUNCIL STAFF REPORT
DATE: February 14, 2023
TO: City Council/City Manager
FROM: Kathi Heimann, Parks & Community Services Director By: Mae Mlyniec, Administrative Analyst
SUBJECT: RESOLUTION NO. 2023-019 - Authorizing the Mayor to Execute Amendment No. 4 to the Agreement with CivicPlus, Inc. for Software Licensing and Hosting Services Extending the Term to February 20, 2024 and Authorizing Additional Funds of $62,500 for a Cumulative Contract Amount Not to Exceed $421,875

RECOMMENDED ACTION
Staff recommends that the City Council approve this resolution authorizing the Mayor to execute Amendment No. 4 to the agreement with CivicPlus, Inc. for software licensing and hosting services and authorizing additional funds of $62,500 for a cumulative contract amount not to exceed $421,875.

BACKGROUND/DISCUSSION
In 1995, the Parks and Community Services Department implemented the previous registration software (CLASS). It was a licensed software, installed on individual machines and maintained by the Parks and Community Services staff with assistance from the Information and Technology (IT) Division. Active Network, which owned CLASS, began phasing out the product and discontinued support and maintenance completely in November 2017.

In order to replace the CLASS product, the Parks & Community Services Department conducted extensive research into current providers and developers of software products used in the recreation field both in the public and private sectors. On July 27, 2017, an RFP for Registration and Facility Booking Software was posted and sent to over 20 vendors. The City received qualified proposals from six vendors: ActiveNet, CivicRec (offered by CivicPlus), Tyler Technologies, US eDirect, Vermont Systems, and Perfect Mind.

After evaluation of the qualified proposals, CivicRec (offered by CivicPlus) was selected. The Parks and Community Services Department found that CivicRec presented the best overall solution due to it being the highest qualified proposal and lowest cost. Representatives from the IT and Finance Departments participated in the review and endorsed CivicRec as the best solution for San Ramon.

The Parks and Community Services Department’s current amendment to the agreement with

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CivicPlus is due to expire on February 20, 2023 and includes an option to renew for a final oneyear term. Staff recommends exercising this option to renew the agreement for one year as CivicPlus’s performance has been satisfactory and the software was successfully implemented for Department use.

FISCAL ANALYSIS
The City entered into the agreement with CivicPlus for software licensing and hosting starting in February of 2018. The initial contract provided for a not to exceed amount of $171,875 for two years. Included in that total was the initial setup of the software, data integration, on-site/webbased training, and the first and second year annual fees. Amendment No. 1 to the original agreement provided for an additional $62,500 for a not to exceed amount of $234,375.

Amendment No. 2 to the original agreement provided for an additional $62,500 for a not to exceed amount of $296,875. Amendment No. 3 to the original agreement provided for an additional $62,500 for a not to exceed amount of $359,375.

Per the original agreement with CivicPlus, renewal term annual fees are set at $62,500. Staff is requesting that an additional $62,500 be added to the contract value to allow for a cumulative contract amount not to exceed $421,875. The Parks & Community Services proposed FY23/24 budget will include the necessary funds for this contract amendment, which is billed annually at the beginning of each fiscal year.

STEPS FOLLOWING APPROVAL
Staff will prepare an amendment to the contract for CivicPlus, Inc. per the established Purchasing and Procurement Policy.

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RESOLUTION NO. 2023-019

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAMON AUTHORIZING THE MAYOR TO EXECUTE AMENDMENT NO. 4 TO THE AGREEMENT WITH CIVICPLUS, INC. FOR SOFTWARE LICENSING AND HOSTING SERVICES EXTENDING THE TERM TO FEBRUARY 20, 2024 AND AUTHORIZING ADDITIONAL FUNDS OF $62,500 FOR A CUMULATIVE CONTRACT AMOUNT NOT TO EXCEED $421,875
WHEREAS, the City issued a Request for Proposals for Registration and Facility Booking Software on July 27, 2017, to which six qualified responses were received and the finalist selected from a thorough review process; and
WHEREAS, CivicPlus, Inc. currently provides software licensing and hosting services for the City under such an agreement; and
WHEREAS, on January 28, 2020, the City Council adopted Resolution No. 2020-009 to execute Amendment No. 1 to the original agreement, authorizing a time extension from February 20, 2020 to February 20, 2021 and authorizing additional funds in the amount of $62,500 for a total not-to-exceed amount of $234,375; and
WHEREAS, on February 9, 2021, the City Council adopted Resolution No. 2021-029 to execute Amendment No. 2 to the original agreement, authorizing a time extension from February 20, 2021 to February 20, 2022 and authorizing additional funds in the amount of $62,500 for a total not-to-exceed amount of $296,875; and
WHEREAS, on February 22, 2022, the City Council adopted Resolution No. 2022-024 to execute Amendment No. 3 to the original agreement, authorizing a time extension from February 20, 2022 to February 20, 2023 and authorizing additional funds in the amount of $62,500 for a total not-to-exceed amount of $359,375; and WHEREAS, the City desires to exercise the final Amendment No. 4 to the original agreement, authorizing a time extension to February 20, 2024 and authorizing additional funds in the amount of $62,500.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Ramon does hereby authorize the Mayor to execute Amendment No. 4 to the agreement with CivicPlus, Inc. for software licensing and hosting services, extending the term to February 20, 2024 and authorizing additional funds of $62,500 for a cumulative contract amount not to exceed $421,875.

PASSED, APPROVED, AND ADOPTED, at the meeting of February 14, 2023 by the following votes:

AYES:

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NOES:

ABSENT:

ABSTAIN:
________________________
David E. Hudson, Mayor
ATTEST:
________________________
Christina Franco, City Clerk

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CITY COUNCIL STAFF REPORT
DATE: February 14, 2023
TO: City Council/City Manager
FROM: Maria Fierner, Public Works Director
By: Gloria Lee, Associate Civil Engineer
SUBJECT: RESOLUTION NO. 2023-020 - Accepting the Work by ETIC for Construction of the Mill Creek Culvert Repair and Creek Restoration Project Phase II as Part of the Citywide Drainage Infrastructure Repair Project (CIP 915548-K) as Complete and Authorizing the City Clerk to File a Notice of Completion with the Contra Costa County Clerk Recorder's Office

EXECUTIVE SUMMARY
The Mill Creek Culvert Repair and Creek Restoration Project (CIP 915548-K) is the second phase of the 36-inch Storm Drain Culvert Repair Project completed in 2016 that lined the upstream section of the pipe. The work completed under this Project included: 1) removing the existing failed culvert remnants and manhole; 2) stabilizing the outfall pipe by connecting a new short section of culvert pipe; 3) providing outlet protection by building a riprap apron at the new outfall; 4) reconstructing the streambed with Engineered Streambed Material (ESBM) to provide a stable streambed profile and dissipate energy to prevent erosion; and 5) enhancing the riparian corridor with native plants to compensate for disturbance to fish and wildlife resources due to Project activities.

The work was performed by the City’s As-Needed Earthwork, Maintenance, General Contracting and Emergency Response Services Contractor, ETIC, who completed the work on time and within the authorized Project budget with a final contract amount of $426,184.

Approval of this Resolution will result in the posting of a Notice of Completion and the subsequent release of retained funds to the contractor.

RECOMMENDED ACTION
Staff recommends approval of this Resolution accepting the work by ETIC for construction of the Mill Creek Culvert Repair and Creek Restoration Project Phase II as part of the Citywide Drainage Infrastructure Repair Project (CIP 915548-K) as complete and authorizing the City Clerk to file a Notice of Completion with the Contra Costa County Clerk Recorder’s Office (Attachment A).

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BACKGROUND/DISCUSSION
The Mill Creek culvert is located south of Crow Canyon Road, approximately 200 feet east of the intersection with Deerwood Road. In 2015, Public Services Division staff discovered an exposed concrete manhole structure and a failed section of corrugated metal pipe (CMP) in the drainage channel. The soils over and under the manhole had eroded away and the CMP downstream of that manhole had severely corroded.

Upon this finding, staff consulted with the San Francisco Bay Regional Water Quality Control Board (RWQCB), U.S. Army Corp of Engineers (USACE), and California Department of Fish and Wildlife (CDFW) to develop an acceptable scope of work for the repair. Based on their feedback, it was concluded that the failed CMP should not be repaired. Rather, the pipe should be abandoned in favor of daylighting the creek. To reduce the potential for additional damage, the Project was broken down into two phases: Phase I consisted of repairing the corroded, but still buried and mostly intact portion; and Phase II consisted of repairing the area where the pipe was exposed and completely failed.

In 2016, the Phase I work was performed by Garney Construction who repaired the corroded 36- inch CMP upstream of the failed manhole. The repair was conducted using an in-situ lining technique, which minimized delays, environmental impacts, permitting, and construction costs.

The contractor successfully completed the Phase I work and the work was accepted by the City Council in the spring of 2017.

Following completion of the Phase I work, staff worked with the City’s geotechnical engineering consultant, Atlas, to develop a design concept for the Phase II portion of this Project. There were two objectives for the Phase II work: 1) to stabilize the outfall to accommodate the increased flow velocity from the pipe that was lined in 2016, while improving the long-term stability of the creek channel; and 2) to ecologically enhance the channel. To accomplish these goals, the scope of work for Phase II was developed to:
 remove the existing CMP and the failed concrete manhole from a culvert outfall;  stabilize the outfall pipe by connecting a new short section of 36-inch dual wall high density polyethylene (HDPE) pipe;
 provide outlet protection by building a riprap apron at the new outfall;  reconstruct the streambed with Engineered Streambed Material (ESBM) to provide a stable streambed profile with a step-pool system and dissipate energy to prevent erosion; and
 enhance the riparian corridor with native plants to compensate for disturbance to fish and wildlife resources due to Project activities.

In 2019, Restoration Design Group (RDG), which is a subconsultant to Atlas, completed the design plan for the scope of work described above. Using this plan, the Project initiated the application process to obtain the necessary regulatory permits to perform the Phase II work, which included the U.S. Army Corps of Engineers, California Department of Fish and Wildlife,

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and San Francisco Bay Regional Water Quality Control Board. In 2022, all the required regulatory permits and agreements were obtained to complete the Project.

On August 29, 2022, staff authorized the City’s As-Needed Earthwork, Maintenance, General Contracting and Emergency Response Services Contractor, ETIC, to begin the Phase II work.

The Project site begins immediately downstream of Crow Canyon Road and on the east side of Boardwalk Place in an area that is extremely inaccessible for construction due to mature riparian vegetation and steep banks that descend over 30-feet from the top of slope. Due to the severely limited access to the site, a crane was used to deliver a small excavator to the creek channel to perform the work and to remove the culvert remnants and debris from the channel. The crane was also used to transport the new pipe and ESBM material. Areas that were disturbed by the Project were enhanced with small to large native plantings. On October 7, 2022, ETIC successfully completed the work within the approved budget for $426,184 while complying with all regulatory permit requirements. Acceptance of the Project will initiate the 30-day Stop Notice period after the recording of the Notice of Completion, as required by law.

FISCAL ANALYSIS
The Five-Year 2022-2027 Capital Improvement Program authorized a total Project Budget of $3.2M for the Citywide Drainage Infrastructure Repair Project (CIP 915548), which included $500,000 for the Mill Creek Culvert Repair Project (CIP 915548-K). This Project is funded by the 2019 Certificate of Participation Debt Financing (COP).

The construction work by ETIC was completed under Contract C2022-007 As-Needed Earthwork, Maintenance, General Contracting, and Emergency Response Services Agreement executed on February 14, 2022 in the amount of $499,999, which expires on December 31, 2024.

ETIC completed the Project for $426,184 leaving a remaining contract balance of $73,815.

Additional expenditures tied to the Phase II portion of the Project included biological monitoring, design consulting services, and permitting fees for the design and construction of the identified projects in the Citywide Drainage Infrastructure Repair Project (CIP 915548-K). To date, the total expenses for this Project are $493,044, and are as follows:

Design Consultant $ 34,072
Permitting $ 10,666
Environmental Consultant $ 22,122
ETIC Construction $426,184
Any unused funds will remain in the Project to address future creek repairs under the Citywide Drainage Infrastructure Repairs Project (CIP 915548). Approximately $76,353 remains available in CIP 915548 for other drainage infrastructure repair projects.

STEPS FOLLOWING APPROVAL
With approval of this Resolution, the City Clerk will file a Notice of Completion with the Contra Costa County Clerk Recorder’s Office. Upon completion of the posting period, the City will

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release the contract retention funds.

ATTACHMENT
A: Notice of Completion for ETIC

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RESOLUTION NO. 2023-020

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAMON

ACCEPTING THE WORK BY ETIC FOR CONSTRUCTION OF THE MILL CREEK

CULVERT REPAIR AND CREEK RESTORATION PROJECT PHASE II AS PART OF THE CITYWIDE DRAINAGE INFRASTRUCTURE REPAIR PROJECT (CIP 915548-K)

AS COMPLETE AND AUTHORIZING THE CITY CLERK TO FILE A NOTICE OF

COMPLETION WITH THE CONTRA COSTA COUNTY CLERK RECORDER'S OFFICE
WHEREAS, the City desired to repair the failed culvert and reconstruct the streambed in the vicinity of Deerwood Road and Crow Canyon Road (CIP 915548-K); and WHEREAS, the failed culvert and creek is located within a certain drainage easement dedicated to Contra Costa County on Parcel Map MS 75-78; and WHEREAS, in 1983, the City incorporated, thereby inheriting all easement dedications to Contra Costa County within City limits; and
WHEREAS, the upstream pipe network conveys water from City streets; and WHEREAS, on December 8, 2015, the City Council passed Resolution No. 2015-111, accepting ownership and maintenance responsibilities of a certain drainage easement on parcel map MS 75-78; and
WHEREAS, in 2022, the City obtained all the regulatory permits from the U.S. Army Corps of Engineers, California Department of Fish and Wildlife, and the San Francisco Bay Regional Water Quality Control Board to perform the work; and WHEREAS, on August 5, 2022, the City authorized the City’s As-Needed Earthwork, Maintenance, General Contracting and Emergency Response Services Contractor, ETIC, to begin the work; and
WHEREAS, the total construction cost for the Agreement (C2022-007) with ETIC for this work is $426,184; and
WHEREAS, the work performed by ETIC for the Mill Creek Culvert Repair and Creek Restoration Project (CIP 915548-K) as part of Citywide Drainage Infrastructure Repairs Project (CIP 915548) is now complete within the approved time and Project budget and ready for acceptance by City Council.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of San Ramon accepts the work by ETIC for construction of the Mill Creek Culvert Repair and Creek Restoration Project Phase II (CIP 915548-K), as complete and authorizes the City Clerk to File a Notice of Completion with the Contra Costa County Clerk Recorder’s Office.

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PASSED, APPROVED, AND ADOPTED at the meeting of February 14, 2023 by the following votes:

AYES:

NOES:

ABSENT:

ABSTAIN:

David E. Hudson, Mayor
ATTEST:

Christina Franco, City Clerk

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RECORDING REQUESTED BY:

City of San Ramon
WHEN RECORDED RETURN TO:

City Clerk-City of San Ramon
7000 Bollinger Canyon Road
San Ramon, CA 94583

NOTICE OF COMPLETION
NOTICE IS HEREBY GIVEN by the City of San Ramon, a charter city in the County of Contra Costa, State of California, that it:

1. The nature of the City of San Ramon’s interest in the project is fee ownership.

Owner: City of San Ramon, 7000 Bollinger Canyon Road, San Ramon, CA 94583

2. Entered into a written contract with:

ETIC
2285 Morello Avenue
Pleasant Hill, CA 94523
February 14, 2022
(Contract Date)

3. Brief Description of the Project:

Remove failed culvert and corroded pipe within the creek located near Crow Canyon Road east of Deerwood Road. Stabilize outfall with new short piece of pipe, reconstruct creek bed with engineered streambed material, and enhance disturbed area due to project activity with native plantings.

4. Said work was completed and accepted by the San Ramon City Council on:

February 14, 2023*

5. The surety on said contract was held by:

ISU Massie & Beck Insurance Services
315 Lennon Lane
Walnut Creek, CA 94598
I HEREBY CERTIFY, under penalty of perjury, that the facts set forth in the foregoing Notice of Completion are true and correct.

Dated:

Christina Franco, City Clerk
City of San Ramon
*Date must be within 10 days of recording notice.

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Packet Pg. 64
Attachment: A: Notice of Completion for ETIC (2023-020 : Accept Work by ETIC for CIP 915548-K)

CITY COUNCIL STAFF REPORT
DATE: February 14, 2023
TO: City Council/City Manager
FROM: Debbie Chamberlain, Community Development Director By: Lauren Barr, Division Manager
SUBJECT: Public Hearing No. 2: Ordinance (Next in Line) Amending the City Zoning Map to Rezone Property Located at 2481 Deerwood Drive (APN: 208-640- 003) from Administrative Office (OA) to High Density Residential (RH) and Open Space 2 (OS-2) Trumark Townhomes: 2481 Deerwood Drive General Plan Amendment, Rezone, and Mitigated Negative Declaration

EXECUTIVE SUMMARY
The Applicant has submitted a Development Plan and related applications for a 61-unit townhome development on an existing 4.4-acre parcel located at 2481 Deerwood Drive. The proposal includes the consideration of a General Plan Amendment (GPA) and a Rezone to change the existing Office use to a Residential and Open Space uses as well as Major Subdivision, Architectural Review, Tree Removal Permit and preparation of a Mitigated Negative Declaration for the proposed project consistent with CEQA guidelines.

Measure G (1999), requires that subsequent amendments to the General Plan be adopted by a 4/5 vote of the City Council after recommendation in favor of such amendment is made by a 4/5 vote of the Planning Commission following a minimum of three public hearings before both the Planning Commission and City Council.

On December 6, 2022, the Planning Commission held their third public hearing is the third under Measure G and approved Resolution No. 11-22 recommending City Council approval of the GPA, Rezone, and adoption of the Mitigated Negative Declaration for the project, GPA and Rezone. On January 24, 2023, the City Council held its first meeting under Measure G and received public comments. Following discussion the hearing was closed and discussion continued the next meeting scheduled for February 14, 2023.

At tonight’s meeting Staff is requesting that the City Council, introduce the Ordinance for the property rezoning, conduct second public hearing under Measure G and set the Ordinance for adoption at the Council’s February 28, 2023 meeting.

RECOMMENDED ACTION
Staff recommends that the City Council receive the staff report; introduce the Ordinance, waive the reading and read by title only, open the public hearing to receive public testimony; close the

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public testimony portion of the hearing and provide feedback to staff on the proposed Rezone, General Plan Amendment, and Mitigated Negative Declaration, and set February 28, 2023 for additional public comment and Ordinance adoption.

INTRODUCTION
Application: Description:

GPA 2022-0002 General Plan Amendment to amend the land use designation from Office to Multiple Family-High Density Residential and Open Space RZ 2022-0002 Rezoning the property from Administrative Office (OA) to High Density Residential (formerly proposed as Medium-High Density Residential) and Open Space 2 (OS-2)
ENVR 2022-0002 Preparation of a Mitigated Negative Declaration for the proposed project consistent with CEQA guidelines.

Location:
2481 Deerwood Dr. (APN: 208-640-003) - See Vicinity Map- Attachment A Applicant: Property Owner:

Trumark Homes Sieva Property LLC
3001 Bishop Dr., Suite 100 128 Shadowhill Cir.

San Ramon, CA 94583 San Ramon, CA 94583
General Plan Designation: Zoning Designation:

Existing General Plan Designation: Office
Proposed General Plan Designation: Multiple Family-High Density Residential and Open Space
Existing Zoning Designation: Administrative Office (OA) Proposed Zoning Designation: High Density Residential (RH) Open Space 2 (OS-2)
Site Description:

The subject property is approximately 320 ft. wide at the front along Deerwood Dr. and approximately 500 ft. deep. The rear property is approximately 470 ft. wide. The subject property is surrounded by a single family development to the north across Deerwood Dr., open space including Bollinger Creek to the south (rear of the property), a townhome development to the east side, and an apartment complex to the west side. Bollinger Creek runs between the subject property and Crow Canyon Rd. within the area zoned OS-1 (Open Space).

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Approximately 200 ft. of the southernmost portion of the subject property is on a slope contiguous to a flood zone and the creek bottom.

BACKGROUND
On November 19, 1985, the San Ramon Planning Commission adopted Resolution No. 35-85 and conditionally approved the development of a 51,000 sq. ft. two-story office building with associated parking lot and landscape areas. The development was approved with minimal parking based upon the proposed digital recovery data center facility because the project demonstrated the ability to construct additional parking (land-banked parking) on-site if needed.

On February 15, 2022, the Applicant submitted a Development Plan application for a 61-unit townhome development on the existing 4.4-acre parcel. The proposal includes the consideration of a General Plan Amendment (GPA) and a Rezone to change the existing Office use to a Residential and Open Space use as well as Major Subdivision, Architectural Review, Tree Removal Permit, and Environmental Review. Over the past 9 months the Architectural Review Board, Planning Commission and Council have had several meeting on the project. The following is a list of prior meetings with links to the related Agenda packets:

May 12, 2022, Architectural Review Board Meeting 1:
http://sanramonca.iqm2.com/Citizens/Detail_Meeting.aspx?ID=4437 June 7, 2022, the Planning Commission First public hearing:
http://sanramonca.iqm2.com/Citizens/Detail_Meeting.aspx?ID=4450 August 11, 2022, Architectural Review Board Meeting 2 for revised plans:
http://sanramonca.iqm2.com/Citizens/Detail_Meeting.aspx?ID=4502 November 1, 2022, the Planning Commission Second public hearing on the project and draft Mitigated Negative Declaration:
http://sanramonca.iqm2.com/Citizens/Detail_Meeting.aspx?ID=4558 December 6, 2022, the Planning Commission third public hearing recommending City Council approval of the GPA, Rezone and adoption of the Mitigated Negative Declaration (Resolution No. 11-22): http://sanramonca.iqm2.com/Citizens/Detail_Meeting.aspx?ID=4576 On January 24, 2023, the City Council held its first meeting under Measure G. http://sanramonca.iqm2.com/Citizens/Detail_Meeting.aspx?ID=4597 The Council received a comment from the adjacent HOA regarding concerns about drainage.

The current office building shared drainage facilities with the residential community that are established by a drainage easement. The HOA has concerns regarding potential drainage increase from the proposed residential project. Staff is aware of the HOA concerns and the analysis of the proposed stormwater control measures required for the site results in a reduction in stormwater discharge from the existing condition. Staff will continue to work with the applicant and HOA to address their concerns as a part of the final Planning Commission review.

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Following Council discussion, the hearing was closed and additional project review was set for the February 14, 2023 meeting.

DISCUSSION/ANALYSIS
The proposed 61-unit townhome community would consist of ten, 3-story buildings with one project entry point on Deerwood Drive. The Applicant is proposing to create a separate parcel and designate the unbuildable slope area at the south side of the proposed development area as open space. The Project is required to satisfy the City’s Inclusionary Housing Ordinance requirements with 15% of the total housing units available to Low, Very Low and Moderate income households. The City Council is considering the General Plan and Rezone portions of the project. Following completion of the Councils review, the Planning Commission will consider the subdivision map and development applications consistent with the new General Plan and Zoning designations,
Figure 1: Site Plan and Amenities
General Plan Amendment and Rezone
The Applicant is proposing to change the existing Office designation to Multiple Family-High Density Residential (MFH) and Open Space (OS) and rezoning the site from Administrative Office (OA) to High Density Residential and Open Space 2 (OS-2) to facilitate the proposed project. The proposed development project meets the development standards for the site based on the proposed land use changes.

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Further, the subject site is identified as a Housing Opportunity site in the Draft 2023-2031 Housing Element currently under review by the State and will ultimately be designated for residential uses. Rather than wait for the City process to be completed before filing development applications, the Applicant opted to pursue the General Plan Amendment, Rezone and development applications independent of the City process for more certain timing of the proposed changes. Once the approvals are complete, the site will be consistent with the proposed Housing Element once adopted.

Figure 2: Existing and Proposed General Plan Designations Figure 3: Existing and Proposed Zoning

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The Rezoning of a property is a two-step process that requires the introduction of the ordinance followed by a second meeting for the action for adoption. As such, Staff has provided the draft ordinance for introduction at the February 14, 2023 meeting and requesting that it be set for adoption and the City Councils February 28, 2023 meeting along with the General Plan Amendment and Mitigated Negative Declaration. The February 28, 2023 meeting will be the third hearing with the City Council on the General Plan Amendment, thereby satisfying the requirement of Measure G, as well as the required procedure for Ordinance adoption.

Measure G Requirements:

The San Ramon General Plan is subject to Measure G (1999), which requires that subsequent amendments to the General Plan be adopted by a 4/5 vote of the City Council after recommendation in favor of such amendment is made by a 4/5 vote of the Planning Commission following a minimum of three public hearings before both the Planning Commission and City Council. On January 24, 2023, the City Council held its first meeting under Measure G and received public comments. Tonight is the second meeting under Measure G.

Public Outreach/Notification
On January 13, 2023, a notice of the City Council’s January 24, February 14 and February 28, 2023 Public Hearings was mailed to property owners within a minimum of 300 ft. of the subject property pursuant to Zoning Ordinance Section D7-24 Notice of Hearing.

Environmental Review/California Environmental Quality Act (CEQA) Status:

A Mitigated Negative Declaration (MND) has been prepared in accordance with the requirements of the California Environmental Quality Act of 1970 (CEQA), as amended to assess the potential project, impacts under CEQA including the GPA and Rezone.

9.1 Packet Pg. 70
The 30-day posting period for public comments on the MND ran from October 27 2022 to November 28, 2022. The Notice of Intent to adopt a MND, with a link to the document and full appendix was posted with the State Clearinghouse, mailed to property owners within 300 feet, interested parties, responsible agencies, and on the City’s website. Comments received have been addressed as part of the final document and project approvals.  MND: https://cityofsanramon.info/2481DeerwoodDrMND
 Appendices: https://cityofsanramon.info/2481DeerwoodDrMNDAppendices

NEXT STEPS
The next City Council hearing is scheduled for February 28, 2023 for adoption of the Mitigated Negative Declaration, General Plan Amendment, and Rezoning Ordinance.

ATTACHMENT
Ordinance (Next in Line)
A: Vicinity Map
B: CEQA Mitigated Negative Declaration Link

9.1 Packet Pg. 71
ORDINANCE NO. (Next in Line)

ORDINANCE OF THE CITY OF SAN RAMON CITY COUNCIL
APPROVING REZONE APPLICATION RZ 2022-0001 AMENDING THE
CITY ZONING MAP TO REZONE PROPERTY LOCATED AT 2481 DEERWOOD DRIVE (APN: 208-640-003) FROM ADMINISTRATIVE OFFICE (OA) TO
HIGH DENSITY RESIDENTIAL (RH) AND OPEN SPACE 2 (OS-2)
NOW, THE CITY COUNCIL OF SAN RAMON DOES ORDAIN as follows:

Section 1. The Zoning Map (Appendix A to the Zoning Ordinance) shall be amended to redesignate the real property located at 2481 Deerwood Drive (APN: 208-640-003) from Administrative Office (OA) to High Density Residential (RH) Open Space 2 (OS-2) as indicated on the attached Exhibit

1. Section 2. This ordinance shall take effect thirty (30) days from the date of its passage. Before the expiration of fifteen (15) days after its passage, this ordinance shall be posted in three (3) public places within the City of San Ramon along with the names of the City Council voting for and against the same.

The foregoing was introduced at the meeting of the City Council of the City of San Ramon on (To be Determined) and after public hearing was adopted on (To be Determined) by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

David E. Hudson, Mayor
ATTEST:

Christina Franco, City Clerk
Exhibit 1 - Proposed Rezone Map

9.1.a
Packet Pg. 72
Attachment: Ordinance (Next in Line) (2023-9 : Trumark Townhomes 2481 Deerwood Drive General Plan Amendment, Rezone, and MND) Exhibit 1
- Proposed Rezone Map

9.1.a
Packet Pg. 73
Attachment: Ordinance (Next in Line) (2023-9 : Trumark Townhomes 2481 Deerwood Drive General Plan Amendment, Rezone, and MND)

ATTACHMENT A

CITY OF SAN RAMON PLANNING SERVICES
Vicinity Location Map

GPA 2022-0002, RZ 2022-0001, DP 2022-0005,
AR 2022-0030, MJ 2022-0004, ENVR 2022-0002
Trumark- 61 Unit
Townhome Development
2481 Deerwood Drive
(208-640-003)

9.1.b
Packet Pg. 74
Attachment: A: Vicinity Map (2023-9 : Trumark Townhomes 2481 Deerwood Drive General Plan Amendment, Rezone, and MND)

TRUMARK TOWNHOMES RESIDENTIAL DEVELOPMENT,

GENERAL PLAN AMENDMENT, AND REZONE
2481 DEERWOOD DRIVE
Initial Study/Mitigated Negative Declaration
OCTOBER 2022
The complete MND document can be found at the following links:

MND and Mitigation Monitoring Program
https://cityofsanramon.info/2481DeerwoodDrMND
Technical Appendices
https://cityofsanramon.info/2481DeerwoodDrMNDAppendices

9.1.c
Packet Pg. 75
Attachment: B: CEQA Mitigated Negative Declaration Link (2023-9 : Trumark Townhomes 2481 Deerwood Drive General Plan Amendment,