Agenda packet, first session — Santa Barbara City Council, September 30, 2025

CITY OF SANTA BARBARA

CITY COUNCIL
Randy Rowse
Mayor
Kelly McAdoo
City Administrator
Eric Friedman
Mayor Pro Tempore
Kristen W. Sneddon
Ordinance Committee Chair
Sarah J. Knecht
City Attorney
Eric Friedman
Finance Committee Chair
Oscar Gutierrez
Meagan Harmon
Mike Jordan
Wendy Santamaria
City Hall
735 Anacapa Street
http://www.SantaBarbaraCA.gov
SEPTEMBER 30, 2025, 2:00 PM
AGENDA
IN-PERSON PUBLIC COMMENT: At the beginning of each meeting of the City Council, Finance Committee, or Ordinance Committee, any member of the public may address the City Council concerning any item not on the Council's agenda. Any person wishing to make such address should first complete and deliver a "Request to Speak" form prior to the time that public comment is taken up by the City Council. Each speaker will be given a total of 3 minutes to address the Council. Pooling of time is not allowed during general public comment. The time allotted for general public comment at the beginning of the 2:00 p.m. session is 30 minutes.

Any member of the public who did not speak during the 2:00 p.m. session but who submitted a request to do so during the 2:00 p.m. 30 minute session may do so at the end of the meeting when the additional “Public Comment (If Necessary)” is announced. The City Council, upon majority vote, may decline to hear a speaker on the grounds that the subject matter is beyond their jurisdiction.

REMOTE PUBLIC COMMENT: Members of the public wishing to speak must “raise their hand” in the Zoom platform by selecting the virtual hand icon when their item is called. The keyboard shortcut for this is Alt+Y for Windows and Option+Y for Macs. City staff will activate the speaker’s microphone when the speaker’s name is called. The speaker will then need to unmute themselves. The keyboard shortcut for this is Alt+M for Windows or Command-Shift-A for Macs.

HOW TO REMOTELY OBSERVE AND/OR SPEAK LIVE AT A MEETING
• Web: https://santabarbaraca-gov.zoom.us/webinar/register/WN_-tbNSuHPTmquCwDEP9hNaQ (Participation via Zoom)
• Telephone: Dial 1-669-900-6833, Enter Webinar ID: 894 0718 1596 (press *9 to raise/lower hand; press *6 to mute/unmute) • Online Streaming: Council meetings are streamed live at www.SantaBarbaraCA.gov/CAP • TV: Each regular City Council meeting is broadcast live in English and Spanish on City TV Channel 18 and rebroadcast in English on Wednesdays and Thursdays at 7:00 p.m. and Saturdays at 8:00 a.m., and in Spanish on Sundays at 3:00 p.m.

Each televised Council meeting is closed captioned for the hearing impaired. Check the City TV program guide at www.santabarbaraca.gov/citytv for rebroadcasts of Finance and Ordinance Committee meetings.

WRITTEN PUBLIC COMMENT: Public comments may also be submitted via email to [email protected] prior to the beginning of the Council Meeting. All public comments submitted via email will be provided to City Council and will become part of the public record.
(CONTINUED ON NEXT PAGE)
ORDER OF BUSINESS: Regular meetings of the Finance Committee and the Ordinance Committee begin at 12:00 p.m. The regular City Council meeting begins at 2:00 p.m. in the Council Chambers at City Hall.

REPORTS: Copies of the reports relating to agenda items are available for review at http://www.SantaBarbaraCA.gov/CAP.In accordance with state law requirements, this agenda generally contains only a brief general description of each item of business to be transacted or discussed at the meeting. Should you wish more detailed information regarding any particular agenda item, you are encouraged to obtain a copy of the Council Agenda Report (a "CAR") online at the City's website (http://www.SantaBarbaraCA.gov/CAP). Materials related to an item on this agenda submitted to the City Council after distribution of the agenda packet are posted to the City’s website as soon as reasonably feasible.

CONSENT CALENDAR: The Consent Calendar is comprised of items that will not usually require discussion by the City Council. A Consent Calendar item is open for discussion by the City Council upon request of a Councilmember, City staff, or member of the public. Items on the Consent Calendar may be approved by a single motion. Should you wish to comment on an item listed on the Consent Agenda, after turning in your "Request to Speak" form, you should come forward to speak or raise your hand in Zoom at the time the Council considers the Consent Calendar.

LANGUAGE TRANSLATION AND INTERPRETATION: The City of Santa Barbara offers live Spanish translation and interpretation for City Council Meetings via the Wordly platform. Follow the directions below to access the service. • Go to: https://attend.wordly.ai/join/QQBV-6746
o Ensure the Session ID QQBV-6746 is displayed.
o Select “Spanish” and click on the “Attend” button.
o You can now read the captions on your device and/or listen to the translation of the City Council meeting. o Click the speaker button to hear a text-to-speech version of the translated dialogue. • If you have any questions or concerns, please contact City TV at 805-564-5311.

SPANISH INTERPRETATION: If you need interpretation of your communications to Council from Spanish into English, please contact the City Clerk’s Office at 564-5309 or by email at [email protected]. If possible, notification of at least 48 hours will usually enable the City to make arrangements.

INTERPRETACIÓN EN ESPAÑOL: Si necesita una interpretación del español al inglés, para sus comunicaciones al Consejo, comuníquese con la Oficina del Secretario Municipal al 564-5309, o por correo electrónico a [email protected]. Si es posible, la notificación de al menos 48 horas generalmente permitirá a la Ciudad hacer los arreglos.

AMERICANS WITH DISABILITIES ACT: If you need auxiliary aids or services or staff assistance to attend or participate in this meeting, please contact the City Administrator's Office at 564-5305 or by email at [email protected]. If possible, notification at least 48 hours prior to the meeting will usually enable the City to make reasonable arrangements. For those who need accessibility accommodation in using the “raise hand” function and/or registering to participate in the Zoom session, please contact the Clerk’s office by 5:00 p.m. the day before the meeting for assistance. Additionally, a speaker may email [email protected] by 5:00 p.m. the day before a meeting, stating which item they wish to speak on. Specialized services, such as sign language interpretation or documents in Braille, may require additional lead time to arrange. 09/30/2025 Santa Barbara City Council Final Agenda Page 1 SEPTEMBER 30, 2025 AGENDA
REGULAR CITY COUNCIL MEETING - 2:00 P.M.

CALL TO ORDER

PLEDGE OF ALLEGIANCE

ROLL CALL

CHANGES TO THE AGENDA

CONSENT CALENDAR

1. Subject: Minutes (000.00)
Recommendation: That Council waive reading and approve the minutes for the regular meeting of September 16, 2025.

2. Subject: Proposed Lease Agreement for 920 State Street with Estrella Emporium LLC, dba Game Seeker [Ordinance Introduction, Agreement] (330.04)
Recommendation: That Council introduce and subsequently adopt, by reading of title only, an Ordinance of the Council of the City of Santa Barbara Approving and Authorizing the City Administrator to Execute a Five-Year Lease Agreement with One, Five-Year Option with Estrella Emporium LLC, doing business as Game Seeker of Santa Barbara, for the 1,200 Square Foot Retail Space at 920 State Street Commencing Upon the Effective Date of the Enabling Ordinance. 09/30/2025 Santa Barbara City Council Final Agenda Page 2

3. Subject: Adoption of Resolutions and Authorization of Cooperative Agreement for Increasing Secure, Convenient, and Accessible Bicycle Parking [Resolution; Agreement] (670.04)
Recommendation: That Council:

A. Adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara Amending Resolution No. 25-066, Adopting the Budget for Fiscal Year 2026, to Appropriate State Active Transportation Program Cycle 7 Metropolitan Planning Organization Grant Funds for the Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project;
B. Adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara Amending Resolution No. 25-066, Adopting the Budget for Fiscal Year 2026, to Appropriate Coastal Resource Mitigation Fund Grant Funds for the Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project;
C. Authorize the Sustainability and Resiliency Director to execute a Cooperative Agreement between the City of Santa Barbara and the County of Santa Barbara for the Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project;
D. Find it to be in the City’s best interest to approve equipment standardization for public bicycle parking rack standard equipment for the next five-year period and authorize the acquisition of the listed equipment in accordance with Santa Barbara Municipal Code Section 4.52.070 (l); E. Authorize the City’s General Services Manager to issue a Purchase Order to Huntco Site Furnishings in the amount of $77,942 according to the Sole Source provisions of Santa Barbara Municipal Code Section 4.52.060 (G) to fund the cost of grant-funded public bicycle parking racks, and authorize the City’s General Services Manager to issue additional Purchase Orders with Huntco Site Furnishings as needed through Fiscal Year 2030; F. Amend the City Parking and Access Standards to include two new bike rack designs; and
G. Find the Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project meets the criteria for exemption under California Environmental Quality Act Guidelines Section 15301 Existing Facilities (c) and 15303 Installation of Facilities (j) and authorize the filing of a Notice of Exemption in compliance with California Environmental Quality Act Guidelines Section 15062.
09/30/2025 Santa Barbara City Council Final Agenda Page 3

4. Subject: Approval of a 401(a) Deferred Compensation Retirement Plan [Resolution] (430.06)
Recommendation: That Council adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara Approving the Establishment of a 401(a) Deferred Compensation Retirement Plan for City Employees and Authorizing the Finance Director to Execute All Necessary Documents.

5. Subject: Acceptance of Terms and Conditions of State Local Housing Trust Fund Program Conditional Award [Resolution] (660.04)
Recommendation: That Council:

A. Adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara, Authorized to Act as Manager of the City of Santa Barbara Local Housing Trust Fund, Authorizing Execution of Application to the California Department of Housing and Community Development Local Housing Trust Fund, Standard Agreement and any Subsequent Amendments or Modifications Thereto; and
B. Authorize the City Administrator to accept the Terms and Conditions of a Local Housing Trust Fund Program, Round 5 Conditional Award of $1,042,476.

6. Subject: Award of Design of Taxiways E, A3, and A5 Pavement Repairs Project [Resolution; Agreement] (560.04)
Recommendation: That Council:

A. Authorize the Public Works Director to execute a City Professional Services contract with Kimley-Horn and Associates, Inc. in the amount of $290,630 for engineering design services, and authorize $29,063 for potential extra services, for a total expenditure authority of $319,693; and B. Adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara Amending Resolution No. 25-066, Adopting the Budget for Fiscal Year 2026, to Appropriate Funds for the Award of Design of Taxiways E, A3, and A5 Pavement Repairs Project.

7. Subject: August 2025 Investment Report (260.02)
Recommendation: That Council accept the August 2025 Investment Report. 09/30/2025 Santa Barbara City Council Final Agenda Page 4

8. Subject: Agreement for Employee Exposure Monitoring – Noise [Agreement] (210.01)
Recommendation: That City Council approve and authorize the Finance Director to execute an agreement with Yorke Engineering to conduct noise level surveys at various employee worksite locations throughout the City over a period of four years, at a total cost not to exceed $150,000.

9. Subject: Community Development Director Employment Agreement [Agreement] (170.01)
Recommendation: That the City Council receive and confirm the employment agreement for Community Development Director.

10. Subject: Approval of Benefit Plans Effective January 1, 2026 (430.06) Recommendation: That Council:

A. Approve the renewal rates for the CalPERS Health Plans; Delta Dental Plans; Vision Service Plans; Employee Assistance Program (EAP); Health and Dependent Care Flexible Spending Accounts (FSA) benefits, and Term Life and Disability Insurance Plans from the Standard Insurance Company; and
B. Authorize the City Administrator to execute any necessary contracts or any amendments to agreements or contracts.

11. Subject: Environmental Determination for the Eastside Active Transportation Improvements Project for Notice of Exemption (530.04) Recommendation: That Council determines that the Santa Barbara Eastside Active Transportation Improvements Project meets the criteria for exemption under California Environmental Quality Act Guidelines Section 15301 Existing Facilities (c) and directs the filing of a Notice of Exemption in compliance with California Environmental Quality Act Guidelines 15062.

GENERAL PUBLIC COMMENT

CITY COUNCIL ADMINISTRATIVE AND ATTORNEY REPORTS

COUNCIL AND STAFF COMMUNICATIONS

COUNCILMEMBER COMITTEE ASSIGNMENT REPORTS & ENGAGEMENTS

PUBLIC COMMENT (IF NECESSARY)

ADJOURNMENT
09/16/2025 Santa Barbara City Council Minutes Page 1 of 5

CITY OF SANTA BARBARA

CITY COUNCIL MINUTES

REGULAR MEETING
SEPTEMBER 16, 2025
COUNCIL CHAMBERS, 735 ANACAPA STREET

CALL TO ORDER
Mayor Pro Tem Eric Friedman called the meeting to order at 2:01 p.m. (The Finance Committee met at 12:00 p.m. The Ordinance Committee, which ordinarily meets at 12:00 p.m., did not meet on this day).

PLEDGE OF ALLEGIANCE
Mayor Pro Tem Friedman.

ROLL CALL
Councilmembers present: Eric Friedman, Oscar Gutierrez, Meagan Harmon, Mike Jordan, Wendy Santamaria, Kristen W. Sneddon.

Councilmembers absent: Mayor Randy Rowse.

Staff present: City Administrator Kelly McAdoo, City Attorney Sarah J. Knecht, Deputy City Clerk Caitlin Colyer.

CEREMONIAL ITEMS

1. Subject: National Disaster Preparedness Month (120.04) Mayor Pro Tem Friedman presented the proclamation to Emergency Services Manager Stacey Rosenberger and Fire Public Education Coordinator Lilliana Encinas.

CHANGES TO THE AGENDA
City Administrator McAdoo stated that Item 3 contained a clerical error on the Budget Adjustment attachment. Attachment 3 is correct but Item 1 in Resolution 1 is incorrect.

CONSENT CALENDAR (Item Nos. 2, 4, and 5)
The titles of the Ordinances and Resolutions were read.

Agenda Item No. 1
File Code No. 000.00
09/16/2025 Santa Barbara City Council Minutes Page 2 of 5 City Administrator McAdoo introduced new Library Director Brandon Beaudette and new Public Works Director Brian D’Amour, for Items 4 and 5, respectively.

Motion:

Councilmembers Jordan/ Harmon to approve Items 2, 4, and 5 of the consent calendar as recommended.

Vote:

Unanimous roll call vote (Absent: Mayor Randy Rowse)

2. Subject: Adoption of Ordinance for the Contract Amendment for Environmental Services for The Las Positas and Modoc Roads Multiuse Path Project [Ordinance Adoption] (530.04)
Recommendation: That Council adopt, by reading of title only, an Ordinance of the Council of the City of Santa Barbara Amending and Ratifying Agreement No. 26,724, by and Between the City of Santa Barbara and Rincon Consultants, Inc. for Environmental Mitigation and Restoration Specialist Services, and Related Support for the Las Positas and Modoc Roads Multiuse Path Project.

Action: Approved the recommendation; Ordinance No. 6189.

4. Subject: Library Director Employment Agreement [Agreement] (170.01) Recommendation: That City Council receive and confirm the employment agreement for the Library Director.

Action: Approved the recommendation; Agreement No. 28,780 (September 16, 2025, report from the Interim Human Resourced Director).

5. Subject: Public Works Director and Water Resources Director Employment Agreements [Agreement] (170.01)
Recommendation: That City Council receive and confirm the employment agreements for the Public Works Director and the Water Resources Director.

Action: Approved the recommendation; Agreement No. 28,781, 28,787 (September 16, 2025, report from the Interim Human Resourced Director).

REPORT FROM THE FINANCE COMMITTEE
Finance Committee Chair Friedman reported that the Finance Committee heard a report on the Fiscal Year 2025 Fourth-Quarter Review, and recommended the item be forwarded to City Council for consideration.
09/16/2025 Santa Barbara City Council Minutes Page 3 of 5

GENERAL PUBLIC COMMENT
Members of the Public: Ri Bravo; Brian David; Joseph Cortez Jr.

PULLED CONSENT ITEMS

3. Subject: Fiscal Year 2025 Fourth-Quarter Review [Resolution] (250.02) Recommendation: That Council:

A. Receive a report from staff on the status of revenues and expenditures in relation to budget for the twelve months ended June 30, 2025; B. Accept the Fiscal Year (FY) 2025 Interim Financial Statements for the twelve months ended June 30, 2025;
C. Adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara Amending Resolution No. 25-052 to Approve Proposed Fourth-Quarter (Q4) Adjustments to FY2025 Revenue and Expenditure Appropriations as Detailed in the Attached Schedule of Proposed Q4 Adjustments; and
D. Adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara Amending Position Salary Control Resolution No. 25-053 for Authorized Positions for Fiscal Year 2025. The Human Resources Department Requests Council Approval for the Following Adjustments, Including the Following Position Changes. Changes are Effective September 20, 2025.

Documents:
- September 16, 2025, report from the Finance Director. - Proposed Resolutions.

Speakers:
- Staff: Finance Director Keith DeMartini.
- Members of the Public: No one wished to speak.

City Administrator McAdoo reiterated the correction made in changes to the agenda regarding this item.

Motion:

Councilmembers Harmon/ Jordan to approve the recommended action with the change noted by the City Administrator; Resolution Nos. 25-102, 25- 103.

Vote:

Unanimous roll call vote (Absent: Mayor Randy Rowse).
09/16/2025 Santa Barbara City Council Minutes Page 4 of 5

6. Subject: Sublease Agreements with Subtenants for 621 Chapala Street and Funding Agreement for Fiscal Year 2026 Program Operations [Agreement] (660.04)
Recommendation: That Council:

A. Authorize the City Administrator to execute a month-to-month Sublease Agreement with the Santa Barbara Alliance for Community Transformation for the first floor of 621 Chapala Street;
B. Authorize the City Administrator to execute a month-to-month funding agreement in the amount of $22,581 per month with the Santa Barbara Alliance for Community Transformation for day-to-day management and operations of a Daytime Navigation and Workforce Development Center at 621 Chapala Street;
C. Authorize the City Administrator to execute a Sublease Agreement with Good Samaritan Shelter for Suites C and D at 621 Chapala Street, Subject to Approval as to Form by the City Attorney; and
D. Authorize the City Administrator to execute a Sublease Agreement with City Net for Suite A at 621 Chapala Street, Subject to Approval as to Form by the City Attorney.

Documents:
- September 16, 2025, report from the City Administrator.

Speakers:
- Staff: Senior Assistant to the City Administrator Barbara Andersen. - Members of the Public: Landon Ranck; Kit McMillina: Tara Wright; Joyce Berg; Claire Mitchell.

City Attorney Knecht clarified that there is a typo in Section 15B of the SB ACT Sublease from recommendation A, where section 7A is erroneously referenced instead of 6A.

Motion:

Councilmembers Santamaria/ Sneddon to approve the recommended action with the changes noted by the City Attorney; Agreement Nos. 28,782, 28,783, 28,784, 28,785.

Vote:

Unanimous roll call vote (Absent: Mayor Randy Rowse).

CITY COUNCIL ADMINISTRATIVE AND ATTORNEY REPORTS

COUNCIL AND STAFF COMMUNICATIONS
09/16/2025 Santa Barbara City Council Minutes Page 5 of 5

COUNCILMEMBER COMMITTEE ASSIGNMENT REPORTS & ENGAGEMENTS None.

PUBLIC COMMENT (IF NECESSARY)
No one wished to speak.

ADJOURNMENT
Mayor Pro Tem Friedman adjourned the meeting at 3:02 p.m.

Approved and adopted by the City Council of the City of Santa Barbara on September 30, 2025.

SANTA BARBARA CITY COUNCIL SANTA BARBARA

CITY CLERK'S OFFICE
_______________________________ ATTEST: ______________________________

RANDY ROWSE SARAH GORMAN

MAYOR CITY CLERK SERVICES MANAGER

CITY OF SANTA BARBARA

COUNCIL AGENDA REPORT
AGENDA DATE: September 30, 2025
TO: Mayor and Councilmembers
FROM: City Administrator’s Office
SUBJECT: Proposed Lease Agreement for 920 State Street with Estrella Emporium LLC, dba Game Seeker [Ordinance Introduction;
Agreement]
RECOMMENDATION:

That Council introduce and subsequently adopt, by reading of title only, an Ordinance of the Council of the City of Santa Barbara Approving and Authorizing the City Administrator to Execute a Five-Year Lease Agreement with One, Five-Year Option with Estrella Emporium LLC, doing business as Game Seeker of Santa Barbara, for the 1,200 Square Foot Retail Space at 920 State Street Commencing Upon the Effective Date of the Enabling Ordinance.

DISCUSSION:

The conjoined spaces at 916, 918, and 920 State Street were built as part of the City of Santa Barbara’s Lot 9 and Fiesta Five Construction Project and were under the Metropolitan Theatres Corporation Master Lease for over 50 years. These spaces are centrally located on the State Street Plaza and are attached to the Lobero Garage. Following the expiration of the Master Lease with Metropolitan Theatres in September of 2024, the theater space at 916 State Street was leased to the Santa Barbara International Film Festival, and the holdover subtenants in the retail spaces at 918 and 920 State Street were given the option to enter into license agreements while negotiating leases directly with the City. At the time, 920 State Street was occupied by 805 University. They declined to move forward with a license agreement and vacated the space. The space at 920 State Street has been vacant since October of 2024.

Staff recommends Council authorize execution of a five-year lease agreement with Estrella Emporium LLC, doing business as Game Seeker, for the vacant space at 920 State Street.

Game Seeker is a locally owned business and has been in the State Street Plaza for over 20 years. The proposed lease allows for the sale of board games and activities, and hosting game nights with other cultural centers in the community.

Agenda Item No. 2
File Code No. 330.04
Council Agenda Report
Proposed Lease Agreement for 920 State Street with Estrella Emporium LLC, dba Game Seeker [Ordinance Introduction; Agreement]
September 30, 2025

Page 2 ends

Steven and Ingrid Estrella, the owners of Game Seeker, have a demonstrated track record of successfully operating a locally engaged retail business. Game Seeker successfully operated out of 537 State Street for 20 years but is seeking a new home after their previous lease was not renewed due to planned renovations. Staff have reviewed Game Seeker’s business plan and are confident that they are able to fulfill their obligations under the proposed lease.

The business terms of the proposed lease are as follows:
 Five-year term with one, five-year option to renew at a fair market rate adjustment.  Base Rent: Initial rate of $3,000 per month.
 Percentage Rent: Ten percent of the Tenant’s Gross Receipts above $50,000 monthly.
 Annual Rent Adjustment based on the Consumer Price Index (CPI).

This Lease was brought to the Downtown Parking Committee for review on September 11, 2025. The Committee voted 3 - 1 to recommend to City Council to approve the proposed five-year lease agreement of 920 State Street with the input that City staff negotiate a fair market rate adjustment at the five-year lease renewal term. That term is now contained in the Agreement.

BUDGET/FINANCIAL INFORMATION:

The lease revenues are assumed in the Downtown Parking Fund for Fiscal Year 2026 and will be included in future budgets.

A copy of the contract may be requested from the City Clerk’s Office for review by contacting [email protected]
ATTACHMENT: Lease Area Map of 920 State Street
PREPARED BY: Edward France, Downtown Parking and Plaza Manager/nv SUBMITTED BY: Sarah Clark, Downtown Team Manager
APPROVED BY: Kelly McAdoo, City Administrator
11 EXHIBIT A
Premises
Premises is in yellow highlight below

XXXXXXXXX

XXXXXXX
Attachment
1 COUNCIL INTRODUCTION DRAFT 09/30/25
ORDINANCE NO.

AN ORDINANCE OF THE COUNCIL OF THE CITY OF SANTA

BARBARA APPROVING AND AUTHORIZING THE CITY

ADMINISTRATOR TO EXECUTE A FIVE-YEAR LEASE

AGREEMENT WITH ONE, FIVE-YEAR OPTION WITH

ESTRELLA EMPORIUM LLC, DOING BUSINESS AS GAME
SEEKER OF SANTA BARBARA, FOR THE 1,200 SQUARE
FOOT RETAIL SPACE AT 920 STATE STREET COMMENCING

UPON THE EFFECTIVE DATE OF THE ENABLING

ORDINANCE

THE CITY COUNCIL OF THE CITY OF SANTA BARBARA DOES ORDAIN AS FOLLOWS:

SECTION 1. In accordance with the provisions of Section 521 of the Charter of the City of Santa Barbara, the agreement for a five-year lease with one, five-year option with Estrella Emporium LLC, doing business as Game Seeker of Santa Barbara, for 1200 square feet of retail space located at 920 State Street, commencing upon the effective date of the enabling ordinance, a copy of which is on file with the City Clerk, is hereby approved.

CITY OF SANTA BARBARA

COUNCIL AGENDA REPORT
AGENDA DATE: September 30, 2025
TO: Mayor and Councilmembers
FROM: Public Works Department
SUBJECT: Adoption of Resolutions and Authorization of Cooperative Agreement for Increasing Secure, Convenient, and Accessible Bicycle Parking [Resolution; Agreement]
RECOMMENDATION: That Council:

A. Adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara Amending Resolution No. 25-066, Adopting the Budget for Fiscal Year 2026, to Appropriate State Active Transportation Program Cycle 7 Metropolitan Planning Organization Grant Funds for the Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project;
B. Adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara Amending Resolution No. 25-066, Adopting the Budget for Fiscal Year 2026, to Appropriate Coastal Resource Mitigation Fund Grant Funds for the Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project;
C. Authorize the Sustainability and Resiliency Director to execute a Cooperative Agreement between the City of Santa Barbara and the County of Santa Barbara for the Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project;
D. Find it to be in the City’s best interest to approve equipment standardization for public bicycle parking rack standard equipment for the next five-year period and authorize the acquisition of the listed equipment in accordance with Santa Barbara Municipal Code Section 4.52.070 (L);
E. Authorize the City’s General Services Manager to issue a Purchase Order to Huntco Site Furnishings in the amount of $77,942 according to the Sole Source provisions of Santa Barbara Municipal Code Section 4.52.060 (G) to fund the cost of grant-funded public bicycle parking racks, and authorize the City’s General Services Manager to issue additional Purchase Orders with Huntco Site Furnishings as needed through Fiscal Year 2030;
Agenda Item No. 3
File Code No. 670.04
Council Agenda Report
Adoption of Resolutions and Authorization of Cooperative Agreement for Increasing Secure, Convenient, and Accessible Bicycle Parking [Resolution; Agreement] September 30, 2025

Page 2 ends

F. Amend the City Parking and Access Standards to include two new bike rack designs; and
G. Find the Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project meets the criteria for exemption under California Environmental Quality Act Guidelines Section 15301 Existing Facilities (c) and 15303 Installation of Facilities (j) and authorize the filing of a Notice of Exemption in compliance with California Environmental Quality Act Guidelines Section 15062.

DISCUSSION:

The City of Santa Barbara recently completed a citywide bike rack inventory and will be replacing existing Bicycle Hitching Posts with new compliant and secure bike racks. The City is phasing out the existing hitching posts from the public right-of-way because they do not meet industry standards nor the City’s Access and Parking Standards and they are prone to bike theft.

On March 12, 2025, the HLC approved Huntco Site Furnishings’ Huntco Rambler and the Huntco Rambler Wide bicycle racks with a color of green (B121) in the El Pueblo Viejo Landmark District (Attachment 1). Staff recommended these bike racks because they are well-suited for single rack installations on sidewalks. The bike racks offer two points of contact to effectively support a bicycle, minimize scratching to bikes, provide enhanced security, and are built to withstand prolonged usage with minimal rusting or deformation.

The racks also have a thermoplastic powder coating, which is necessary for the City’s coastal environment.

Grant Awards
Coastal Resource Mitigation Fund Grant
On August 19, 2025, the Board of Supervisors of the County of Santa Barbara approved the contract for the Coastal Resource Mitigation Fund Grant in the amount of $56,772, with a City match of $13,928 ($5,688 required 10% match plus $8,240 in-kind staff time) from the City’s Sustainability and Resiliency Department Budget for matching funds. This grant will fund:
 6 bike racks at Leadbetter Beach;
 6 bike racks at Stearns Wharf;
 6 bike racks at Skater’s Point; and
 64 bike racks throughout the Waterfront in high demand areas.

Depending on the final costs of the racks, there may be the opportunity to install more bike racks. The bike racks are required to be installed by April of 2026 per the grant deadlines.

Council Agenda Report
Adoption of Resolutions and Authorization of Cooperative Agreement for Increasing Secure, Convenient, and Accessible Bicycle Parking [Resolution; Agreement] September 30, 2025

Page 3 ends

Active Transportation Program Cycle 7 Large Metropolitan Planning Organization Grant On February 20, 2025, the Santa Barbara County Association of Governments (SBCAG) adopted Resolution 25-08, approving the Active Transportation Program Cycle 7 Large Metropolitan Planning Organization (MPO) Component Funding recommendations to the California Transportation Commission (CTC). As part of the resolution, $35,000 will be awarded to the Project. In June of 2025, the CTC approved SBCAG’s recommendation.

In October of 2025, the CTC will appropriate the Project construction phase for funding.

The bike racks are required to be installed by October of 2026 per the grant deadlines.

Equipment Standardization
It is in the City’s best interest to create a list of standardized bike rack designs to ensure consistent bicycle parking installations across the City and minimize staff time and training for installations. This will also provide off-the-shelf, commercially available rack options for City and private development projects. Staff recommend that Council find it to be in the City’s best interest to approve equipment standardization for public bicycle parking rack standard equipment for the next five-year period and authorize the acquisition of the listed equipment in accordance with Santa Barbara Municipal Code Section 4.52.060 (G).

Sole Source Purchase Agreement
Staff recommend that Council authorize the General Services Manager to issue a Purchase Order to Huntco Site Furnishings to purchase the HLC approved bike racks to enable the City to efficiently work on the Project. Additional Purchase Orders may be processed over a five-year period if additional funding is available.

Amendments to the City’s Access and Parking Standards and Engineering Standards Staff recommend amending Figure 8: Short-Term Bicycle Racks and Layouts of the City Parking and Access Standards to include two new bike rack designs for public and private developments (Attachment 3).

BUDGET/FINANCIAL INFORMATION:

The following table summarizes the estimated cost for this initial phase of the Project:

Council Agenda Report
Adoption of Resolutions and Authorization of Cooperative Agreement for Increasing Secure, Convenient, and Accessible Bicycle Parking [Resolution; Agreement] September 30, 2025

Page 4 ends

Estimated Costs
Grant Source Grant
Amount
City Share Total
Coastal Resource Mitigation Fund
Grant
$56,880 $13,928 $70,808
Active Transportation Program Cycle
7 Large MPO Grant
$35,000 $0 $35,000
Total $91,880 $13,928 $105,808
Staff recommend appropriating the grant funds in the amount of $91,880 to the Streets Grants Capital Fund and allocating available expenditure appropriations in the amount of $13,928 from the City’s Sustainability and Resiliency Department Budget in Fiscal Year 2026 to cover the City match. With the acceptance and appropriation of the grant funding and matching funds, there are sufficient expenditure appropriations in the Streets Grant Capital Fund to cover the Project costs.

SUSTAINABILITY IMPACT:

Personal passenger transportation currently accounts for 42 percent of greenhouse gas emissions within the City. Increasing access to safe, accessible, and secure bicycle parking furthers Council’s goal of reaching carbon neutrality by 2035 by facilitating more sustainable active transportation to help reduce these transportation emissions. The Project is consistent with the City’s Bicycle Master Plan, Local Coastal Plan, and Climate Action Plan. The Project begins implementation in the Downtown and the Waterfront because they are the City’s two highest active transportation neighborhoods.

A copy of the contract may be requested from the Public Works Department for public review by contacting [email protected].

ENVIRONMENTAL REVIEW:

Under Santa Barbara Municipal Code (SBMC) § 22.100.070 and § 22.100.080, the Public Works Director has determined that the Project is exempt under California Environmental Quality Act (CEQA) Guidelines § (15301 (c) & 15303 (j)).

CEQA Guideline Sections 15301 and 15303 (also known as the “Class 1 and 3 Exemptions”) covers the installation or removal of bicycle racks. This Project meets the criteria of subdivision (c) under 15301, which includes the addition of bicycle parking, and subdivision (j) under 15303, which includes the installation of bicycle racks within existing sidewalks, streets, or other public places.

For these reasons, the Public Works Director, exercising authority under SBMC §

22.100.080, has determined that the Project is exempt under CEQA.

Council Agenda Report
Adoption of Resolutions and Authorization of Cooperative Agreement for Increasing Secure, Convenient, and Accessible Bicycle Parking [Resolution; Agreement] September 30, 2025

Page 5 ends

Council has final authority to approve the Project. Therefore, Council must confirm the exemption before Project approval and authorize the filing of a Notice of Exemption for the Project.

ATTACHMENTS: 1. Bike Rack Photos

2. List of Standard Equipment Bicycle Parking Racks

3. City Access and Parking Standards with amended Figure 8:

Short-Term Bicycle Racks and Layout

PREPARED AND
SUBMITTED BY: Brian D’Amour P.E., Public Works Director/JWG/nv APPROVED BY: Kelly McAdoo, City Administrator
SantaBarbaraCA.gov

SUSTAINABILITY & RESILIENCE DEPARTMENT

INCREASING SECURE, CONVENIENT, AND ACCESSIBLE

BICYCLE PARKING IN THE PUBLIC RIGHT OF WAY
Attachment 1: Photos of Hitching Post (existing obsolete), Huntco Rambler (proposed), Huntco Rambler Wide (proposed), and Huntco Sol (existing). 1 ATTACHMENT 1
2 SantaBarbaraCA.gov
Hitching Post (existing obsolete)
Existing Condition: racks do not support bikes
ATTACHMENT 1
SantaBarbaraCA.gov
Proposed HLC Approved Rack Designs
Huntco Racks (stock images do not reflect proposed colors) Rambler Rambler Wide
3 ATTACHMENT 1
4 SantaBarbaraCA.gov
Huntco Rambler
36” tall

14.4” wide
ATTACHMENT 1
5 SantaBarbaraCA.gov
Huntco Rambler Wide
36” tall

20.4” wide
ATTACHMENT 1
SantaBarbaraCA.gov
Huntco Rack Options (Green RAL 6005 approved for El Pueblo Viejo) 6 • Thermoplastic and Powder Coat
options
• Green, Black recommended
• Round or square tubing options
Thermoplastic
Colors
ATTACHMENT 1
6 SantaBarbaraCA.gov
Previously Approved HLC Huntco Sol Rack
Canon Perdido
Bike Corral
Lot 5 Bike
Corral
ATTACHMENT 1
No. Equipment
Manufacturer
Vendor (s) Model Equipment Description
1 Huntco Site
Furnishings
Huntco Site Furnishings Huntco Sol Arc rack for bike corral and freestanding install with sufficient
space in ROW
2 Huntco Site
Furnishings
Huntco Site Furnishings Huntco Rambler Narrow hoop style rack for freestanding installations with
limited space in ROW
3 Huntco Site
Furnishings
Huntco Site Furnishings Huntco Rambler Wide Wider hoop style rack for freestanding installations with
regular space in ROW
City of Santa Barbara Public Bicycle Parking Standard Equipment List 9-Sep-25
ATTACHMENT 2
FIGURE 8: SHORT-TERM BICYCLE RACK LAYOUT
20 Bike Rack Plans Pg 25
Example Rack Detail
(Refer to Attachment 1 for design review approved
bicycle racks for public right of way and for private
property for single rack designs)
Access & Parking Design Standards
ATTACHMENT 3
FIGURE 9: SHORT-TERM BICYCLE PARKING LOT LAYOUT
21 Bike Rack Plans Pg 26

SITE FURNISHINGS
Bike racks, lockers, benches
and architectural site furnishings
since 1980.

Tradition & Innovation
PHONE 503.224.8700
FAX 503.274.2055
EMAIL [email protected]
WEB Huntco.com
TWITTER @Huntcosupply
MAIL P.O. Box 10385
Portland, Or. 97296-0385
Manufactured in the
Pacific Northwest
HUNTCO
CONTRACTOR:

JOB:

NOTES:
× 2

32.5”

43.5”
36”
6”
5” .63”
GRADE

RECOMMENDED LAYOUT
Manufactured in the
Pacific Northwest

THE SOL
A sleek, accommodating
geometric, the Sol works
beautifully with a broad
variety of architectural styles.

CONSTRUCTION/MATERIAL
2” Sch. 40 Round Steel Pipe
(shown)
2" × 2" Square Steel Tubing
(Pipecutter Proof)
– 5”× 6” Steel Flanges

DIMENSIONS
– 36" Length
– 6" Width
– 32.5" Height

MOUNTING OPTIONS
Flange Mount (Shown)
(4) .63" Mounting Holes
In-Ground
11" Leg Extensions

FINISH OPTIONS
T304 Stainless Steel #4 Satin Finish
316 Stainless Steel #4 Satin Finish
(available at additional cost)
Hot Dipped Galvanized
Powder Coating
#
Thermoplastic Coating
#
NOTES:
"Bike" is 70"
# Minimum Spacing
(#) Recommended Spacing
Flange In-Ground Square Tubing & Flange
ATTACHMENT 1: Huntco Sol Rack Design Specs
Bike Rack Plans Pg 27

SITE FURNISHINGS
Bike racks, lockers, benches
and architectural site furnishings
since 1980.

JOB:

NOTES:
× 2
THE

RAMBLER
Our top-selling range, the
Rambler is one of our most
elegant and flexible racks.

We can custom build it to your
specs in a variety of lengths.
36” 47”

5.5”

14.4”
.63”
GRADE

RECOMMENDED LAYOUT
Manufactured in the
Pacific Northwest

CONSTRUCTION/MATERIAL
2” Sch. 40 Round Steel Pipe
(shown)

1.5" Sch. 40 Round Steel Pipe
2" × 2" Square Steel Tubing
(Pipecutter Proof)
5/8" x 2 1/2" Steel
Flat Bar (Pipecutter Proof)
– Steel Flanges (Varies)

DIMENSIONS
– 14.4" Length
– 5.5" Width
– 36" Height

MOUNTING OPTIONS
Flange Mount (Shown)
(6) .63" Mounting Holes
In-Ground
11" Leg Extensions

FINISH OPTIONS
T304 Stainless Steel #4 Satin Finish
316 Stainless Steel #4 Satin Finish
(available at additional cost)
Hot Dipped Galvanized
Powder Coating
#
Thermoplastic Coating
#

SITE FURNISHINGS
Bike racks, lockers, benches
and architectural site furnishings
since 1980.

JOB:

NOTES:
× 2
THE

RAMBLER
WIDE
The Rambler Wide is the the
more spacious big brother
to the Rambler, its wider
spacing allows for easier
bike placement.
36”
47”

5.5”

20.4”
.63”
GRADE

RECOMMENDED LAYOUT
Manufactured in the
Pacific Northwest

CONSTRUCTION/MATERIAL
2” Sch. 40 Round Steel Pipe
(shown)

1.5" Sch. 40 Round Steel Pipe
2" × 2" Square Steel Tubing
(Pipecutter Proof)
5/8" x 2 1/2" Steel
Flat Bar (Pipecutter Proof)
1 1/2" Sch. 40 Steel Pipe (22"
outside pipe length)
– Steel Flanges (Varies)

DIMENSIONS
– 20.4" Length
– 5.5" Width
– 36" Height

MOUNTING OPTIONS
Flange Mount (Shown)
(6) .63" Mounting Holes
In-Ground
11" Leg Extensions

FINISH OPTIONS
T304 Stainless Steel #4 Satin Finish
316 Stainless Steel #4 Satin Finish
(available at additional cost)
Hot Dipped Galvanized
Powder Coating
#
Thermoplastic Coating
#

ADDITIONAL OPTIONS
Flange Cover (available at
addtl. cost, round pipe only)
NOTES:
"Bike" is 70"
# Minimum Spacing
(#) Recommended Spacing
Flange In-Ground Flat Bar & Flange Square Tubing & Flange Huntco Rambler Wide Design Specs
2'-7" - 3'-1" 2'-6" 8" MIN. 1'-3" 1'-2.4"/1'-8.4" 3'-0" UNDISTURBED NATIVE SOIL 3'-0" 1'-3" CONCRETE B 2'-3" - 2'-9" 2'-6" 6" MIN. 1'-3" 1'-2.4"/1'-8.4" A 1'-3" A CONCRETE 2.38" BRICK PAVERS 1" B TYPE & SECTIONS BIKE RACK TYPE A TYPE B SECTION A-A SECTION B-B GENERAL NOTES: 1. Must install full pavers on the outer edge of bike rack conform. 2. For Type "B", see Huntco bike rack installation details. https://huntco.com/rambler-wide-bike-rack 3. In the event unsuitable soil is encountered, remove soil and install 4" class 2 base and compact to 95% relative compaction. 4. Type "A" installation shall be used in areas where there is paver or brick substrate. CONSTRUCTION NOTES: 1. Construct concrete footing. 2. 3. 4. Install leveling paver sand as required. Install non-permeable pavers, match existing. Install Huntco bike racks per Huntco installation details (The Rambler/The Rambler Wide in Dk Green (B121) or Black (H101)).

Bike Rack Standard Installation Detail
Bike Rack Plans Pg 30
Huntco Thermoplastic Color Chart
Color Chart
Black (H101)
RAL 9005
White (G101)
RAL 9016
Gray (D116)
RAL 7042
Dark Blue (C102)
RAL 5011
Blue (C123)
RAL 5005
Red
(A112)
RAL 3001
Yellow (E111)
RAL 1018
Green (B128)
RAL 6005 - alternate
Green (B121)
RAL 6005
Brown (J110)
RAL 8017
All colors shown are reproduced from actual material samples and are printed as accurately as possible.

Note that due to the variances in computers and printers this color chart should only be used as a guide.

For an accurate representation of a specific color please request a color panel. If material color and finish are CRITICAL, REQUEST AN ACTUAL SAMPLE.

Minimum order quantities may apply to available colors depending on stock.

Color availability in some polymers may be limited.

Colors may vary according to resin type and substrate.
www.protechpowder.com
© Copyright Protech Powder CoatingsInc.

All rights Reserved Bike Rack Plans Pg 31
Revision 10/13
Green B121 RAL 6005: To be used in El Pueblo Viejo
(EPV) and outside of EPV
Black H101 RAL 9005: Outside of EPV
RESOLUTION NO. _____

A RESOLUTION OF THE COUNCIL OF THE CITY OF
SANTA BARBARA AMENDING RESOLUTION NO. 25-066,
ADOPTING THE BUDGET FOR FISCAL YEAR 2026, TO

APPROPRIATE STATE ACTIVE TRANSPORTATION
PROGRAM CYCLE 7 METROPOLITAN PLANNING

ORGANIZATION GRANT FUNDS FOR THE INCREASING

SECURE, CONVENIENT, AND ACCESSIBLE BICYCLE

PARKING IN SANTA BARBARA PROJECT
WHEREAS, in accordance with the City Charter, the City Administrator filed with the Council a proposed budget for the fiscal year beginning July 1, 2025; WHEREAS, the City Council is required to adopt a budget before the beginning of the fiscal year on July 1, 2025;
WHEREAS, the City Charter provides that any public meeting after the adoption of the budget, the City Council may amend or supplement the budget by motion adopted by the affirmative votes of at least a majority of the total members of the City Council; and WHEREAS, as authorized by Resolution No. 25-066, this Resolution approves the amendment to the budget as provided herein.

NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF SANTA BARBARA THAT in accordance with the provisions of Section 1205 of the City Charter, the budget for the Fiscal Year 2026, as adopted by Resolution No. 25-066, is hereby amended as follows:

SECTION 1. The Council accepts the State’s Active Transportation Program Cycle 7 Metropolitan Planning Organization Grant in the amount of $35,000 for the Increasing, Convenient, and Accessible Bicycle Parking in Santa Barbara Project.

SECTION 2. The Council approves an increase in revenue and expenditure appropriations in the amount of $35,000, funded by Active Transportation Program grant funds, in the Streets Grant Capital Fund budget in Fiscal Year 2026 for the Increasing, Convenient, and Accessible Bicycle Parking in Santa Barbara Project. 1 RESOLUTION NO. _____

A RESOLUTION OF THE COUNCIL OF THE CITY OF SANTA
BARBARA AMENDING RESOLUTION NO. 25-066, ADOPTING
THE BUDGET FOR FISCAL YEAR 2026, TO APPROPRIATE

COASTAL RESOURCE MITIGATION FUND GRANT FUNDS FOR

THE INCREASING SECURE, CONVENIENT, AND ACCESSIBLE

BICYCLE PARKING IN SANTA BARBARA PROJECT
WHEREAS, the City of Santa Barbara, as Lead Applicant, submitted a Coastal Resource Mitigation Fund application to the County of Santa Barbara in 2024. The Application Submitted was for the Project Titled, “Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project”;
WHEREAS, in February 2025 the County delivered Notice Of Intent To Award $56,880 in Coastal Resource Mitigation Fund grant funding to the City of Santa Barbara, as Awardee;

WHEREAS, the Council of the City of Santa Barbara is eligible to receive funding from the County of Santa Barbara’s Coastal Resource Mitigation Fund (CRMF). Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project in Santa Barbara Project was partially financed by the County of Santa Barbara's CRMF, a partial mitigation of impacts from the following offshore oil and gas projects: Point Arguello, Point Pedernales, and Santa Ynez Unit.

WHEREAS, in accordance with the City Charter, the City Administrator filed with the Council a proposed budget for the fiscal year beginning July 1, 2025; WHEREAS, the City Council is required to adopt a budget before the beginning of the fiscal year on July 1, 2025;
WHEREAS, the City Charter provides that at any public meeting after the adoption of the budget, the City Council may amend or supplement the budget by motion adopted by the affirmative votes of at least a majority of the total members of the City Council; WHEREAS, the City of Santa Barbara will comply with the requirements of the program; and will accept the CRMF grant funds;
WHEREAS, the City of Santa Barbara has sufficient funding within the Sustainability and Resilience Department Budget to provide the required grant matching commitment of $13,928 ($5,688 required 10% match plus $8,240 in-kind staff time); WHEREAS, the Council of the City of Santa Barbara authorize the Public Works Director, to execute the approval of CRMF grant funds, reiterate CRMF program commitment and compliance with CRMF program requirements; and
2 WHEREAS, this Resolution adopted by City Council shall memorialize that action to amend the budget as provided herein.

NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF SANTA BARBARA THAT:

Section 1. The Council accepts funding totaling $56,880 from the County of Santa Barbara’s CRMF for the Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project.

Section 2. The Council authorizes the Resiliency Director to execute a Cooperative Agreement between the City of Santa Barbara and the County of Santa Barbara for the Increasing Secure, Convenient, and Accessible Bicycle Parking in Santa Barbara Project.

Section 3. The Council approves an increase in revenue and expenditure appropriations in the amount of $56,880, funded by Coastal Resource Mitigation Fund grant funding, in the Streets Grant Capital Fund budget in Fiscal Year 2026 for the Increasing, Convenient, and Accessible Bicycle Parking in Santa Barbara Project.

Section 4. The Council approves the allocation of available expenditure appropriations in the amount of $5,788 in the Santa Barbara Clean Energy Fund in the Sustainability and Resilience Department budget in Fiscal Year 2026, approved the transfer of such funds to the Street Grant Capital Fund, and approves an increase in revenue and expenditure appropriations in the same amount in the Streets Grant Capital Fund, funded by the transfer, for the city match for the Increasing, Convenient, and Accessible Bicycle Parking in Santa Barbara Project.

CITY OF SANTA BARBARA

COUNCIL AGENDA REPORT
AGENDA DATE: September 30, 2025
TO: Mayor and Councilmembers
FROM: Human Resources Department
SUBJECT: Approval of a 401(a) Deferred Compensation Retirement Plan [Resolution]
RECOMMENDATION:

That Council adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara Approving the Establishment of a 401(a) Deferred Compensation Retirement Plan for City Employees and Authorizing the Finance Director to Execute All Necessary Documents.

DISCUSSION:

The City currently provides employees with retirement benefits through CalPERS and a 457(b) Deferred Compensation Plan. In response to Council direction, staff has evaluated the option of establishing a 401(a) Defined Contribution Retirement Plan.

A 401(a) plan is a tax-qualified defined contribution retirement account available to public sector employers. Contributions are made on a pre-tax basis by the employer, the employee, or both, depending on the plan design. These plans are commonly used to provide retirement benefits for executive management, bargaining units, or as part of an early retirement incentive.

While both plans offer tax-deferred growth, there are structural and operational differences that may make a 401(a) plan more advantageous under certain circumstances. 401(a) plans allow the employer to set vesting schedules, creating an incentive for long-term service. In addition, by offering a 401(a), the City can differentiate its benefits package and strengthen its ability to attract and retain skilled employees as this plan has higher contribution limits. Also, because contributions to a 401(a) do not reduce the allowable contributions to a 457(b), employees may participate in both simultaneously, maximizing tax-deferred savings. Therefore, for employees who already maximize their 457 contributions, the 401(a) plan provides an additional retirement savings vehicle.

Agenda Item No. 4
File Code No. 430.06
Council Agenda Report
Approval of a 401(a) Deferred Compensation Retirement Plan [Resolution] September 23, 2025

Page 2 ends

After reviewing available options, staff recommends adoption of a 401(a)-plan administered by Voya Financial, the current administrator of the 457(b) Deferred Compensation Plan. The key features of the proposed plan include:
 Eligibility: City Attorney and future management, confidential, represented groups, etc.
 Contributions: Mandatory employer contribution, employee contributions, matching contribution structure, or lump-sum contributions in lieu of other benefits.  Administration: The plan will be administered by Voya Financial, with all compliance, reporting, and fiduciary responsibilities outlined in the agreement.

As mentioned, implementation of this plan provides benefits such as enhancing recruitment/retention, offering tax advantages, and providing employees with a supplemental retirement savings tool.

BUDGET/FINANCIAL INFORMATION:

An annual asset-based service fee for Voya to administer the plan is 0.25% and will be calculated monthly based on the average daily fund balances and deducted monthly. The service fee is not a direct cost to the City and is charged to accounts of plan participants.

PREPARED By: Rene Eyerly, Assistant City Administrator
SUBMITTED BY: Michael Arnoldus, Human Resources Director APPROVED BY: Kelly McAdoo, City Administrator
RESOLUTION NO. _____

A RESOLUTION OF THE COUNCIL OF THE CITY OF

SANTA BARBARA APPROVING THE ESTABLISHMENT OF
A 401(a) DEFERRED COMPENSATION RETIREMENT

PLAN FOR CITY EMPLOYEES AND AUTHORIZING THE

FINANCE DIRECTOR TO EXECUTE ALL NECESSARY

DOCUMENTS
WHEREAS, The City of Santa Barbara (“City”) seeks to provide competitive retirement benefits to its employees to promote recruitment and retention; and WHEREAS, Section 401(a) of the Internal Revenue Code authorizes public sector employers to establish a qualified deferred compensation retirement plan for the exclusive benefit of eligible employees; and
WHEREAS, The City Council has determined that adoption of a 401(a) plan is in the best interest of the City and its employees; and
WHEREAS, The City has selected Voya Financial to administer the City’s 401(a) Deferred Compensation Retirement Plan and to serve as plan administrator; and WHEREAS, The City desires to authorize the Finance Director, to execute the plan documents, service agreements, and any other instruments necessary to establish and administer the plan.

NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF SANTA BARBARA that:
1) The City Council hereby approves the establishment of a 401(a) Deferred Compensation Retirement Plan for eligible City employees including the City Attorney.
2) The City Finance Director is authorized and directed to execute all agreements, contracts, and documents necessary to implement and administer the 401(a) Plan with Voya Financial.
3) The City’s Finance Department is authorized to make the necessary budgetary and payroll adjustments to implement the City’s contributions, if any, consistent with the approved plan design.

CITY OF SANTA BARBARA

COUNCIL AGENDA REPORT
AGENDA DATE: September 30, 2025
TO: Mayor and Councilmembers
FROM: City Administrator’s Office
SUBJECT: Acceptance of Terms and Conditions of State Local Housing Trust Fund Program Conditional Award [Resolution]
RECOMMENDATION: That Council:

A. Adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara, Authorized to Act as Manager of the City of Santa Barbara Local Housing Trust Fund, Authorizing Execution of Application to the California Department of Housing and Community Development Local Housing Trust Fund, Standard Agreement and any Subsequent Amendments or Modifications Thereto; and B. Authorize the City Administrator to accept the Terms and Conditions of a Local Housing Trust Fund Program, Round 5 Conditional Award of $1,042,476.

DISCUSSION:

On September 10, 2024, City Council authorized the application for matching funds totaling $2.9 million from the State’s Local Housing Trust Fund Program for Affordable Housing Projects. These projects included:

1. Agency: The Housing Authority of the City of Santa Barbara Project Name: 15 South Hope
Estimated Cost: $41,200,000
Project Description: The project consists of a new-construction, multi-family rental housing development totaling 46 units, to be built on a 53,910 square-foot vacant parcel. The project will encompass 17 studios, 13 one-bedrooms, and 16 two-bedroom apartments, with one two-bedroom apartment set aside as unrestricted for an on-site manager.

2. Agency: People’s Self-Help Housing
Project Name: Carrillo Street Apartments
Estimated Cost: $55,252,462
Agenda Item No. 5
File Code No. 660.04
Council Agenda Report
Acceptance of Terms and Conditions of State Local Housing Trust Fund Program Conditional Award [Resolution]
September 30, 2025

Page 2 ends

Project Description: The project is to develop and construct 65 permanently affordable, newly constructed apartment homes on 0.71 acres. The site compromises four separate parcels: 312 W. Carrillo Street, 316 W. Carrillo Street, 1018 Placida Place, and 318 W. Carrillo Street. Development involves demolition of existing structures and new construction of 20 studio units, 42 one-bedroom, and three two-bedroom units, with one unrestricted manager’s unit.

On August 27, 2025, the City was notified by the California Department of Housing and Community Development of a Conditional Award Commitment of $1,042,476.77 that includes the following:

Program Award Amount
Five Percent (5%) Admin Costs $52,123.84
Local Housing Trust Fund Program Funding $990.352.93
The Resolution that was adopted on September 10, 2024 authorizes Elias Isaacson, the former Community Development Director, to execute the LHTF Application, the LHTF Standard Agreement and any subsequent amendments or modifications thereto, as well as any other documents which are related to the Program or the LHTF Award to Application, as the Department may deem appropriate. Due to the re-organization of the Housing and Human Services Division under the City Administrator’s Office, and specifically the City Administrator, the City needs to adopt a new Resolution (attached) in order to execute all documents.

BUDGET/FINANCIAL IMPACT:

On December 6, 2022, City Council allocated $2,883,548 from the Fiscal Year 2022 General Fund operating surplus to meet the matching funds requirements of establishing a Local Housing Trust Fund. This funded earned interest and the City was able to leverage a total of $2.9 million in matching funds for an application to HCD through the LHTF program.

On August 27, 2025, the City received notice of a Conditional Award of $1,042,476.77 which is $1,857,523.23 less than requested. City staff will return to Council with a recommendation on how the awarded funds will be allocated in support of the two projects included in the application.

ATTACHMENT: Acceptance of Terms and Conditions of Conditional Award

PREPARED AND
SUBMITTED BY: Barbara Andersen, Sr. Assistant to the City Administrator APPROVED BY: Kelly McAdoo, City Administrator
California Department of Housing and Community Development Local Housing Trust Fund Program, Round 5
Notice of Funding Availability
Acceptance of Terms and Conditions of Conditional Award City of Santa Barbara (“Awardee”)
City of Santa Barbara (“Project”)
Local Housing Trust Fund Program, NOFA award totaling $1,042,476.77 (“Conditional Award”), as detailed below:

Program Award Amount Contract Number
Five Percent (5%) Admin Costs $52,123.84 24-LHTFCOM-18667 Local Housing Trust Fund Program Funding $990,352.93 24-LHTFCOM-18667 By signing this Acceptance of Terms and Conditions of Conditional Award, the Awardee acknowledges having read and fully understood the terms and conditions of the Conditional Award Commitment, dated August 27, 2025 in connection with the Project.

Local Housing Trust Fund Program (LHTF), Round 5 NOFA award is under a media and public announcement embargo until released by the Office of the Governor or otherwise notified by HCD staff. HCD will provide updates on the timing of the public award announcement and provide a social media toolkit and a quote from the HCD Director for use in local media releases. During the embargo period, the conditional award letter may be submitted in applications to California Tax Credit Allocation Committee (TCAC) and California Debt Limit Allocation Committee (CDLAC). ______________________
August 27, 2025
_________________________________________________
City Administrator
City of Santa Barbara
** For HCD Use Only **
□ Authorized Representatives Verified
□ All Parties Signed
August 27, 2025 Received:
____________________
Attachment
1 ______________________
_________________________________________________

AUTHORIZING RESOLUTION
_____________________________________of the ___________________________________ of _________________________________________________________(“Applicant”) hereby consents to, adopts and ratifies the following resolution:

A. WHEREAS, the Department is authorized to provide up to $53 million under the Local Housing Trust Fund (“LHTF”) Program from the Veterans and Affordable Housing Bond Act of 2018 (Proposition 1) (as described in Health and Safety Code section 50842.2 et seq. (Chapter 365, Statutes of 2017 (SB 3)) (“Program”).

B. WHEREAS the State of California (the “State”), Department of Housing and Community Development (“Department”) issued a Notice of Funding Availability (“NOFA”) dated 7/9/2024 under the LHTF Program;
C. WHEREAS Applicant is an eligible Local or Regional Housing Trust Fund applying to the Program to administer one or more eligible activities using Program Funds.

D. WHEREAS the Department may approve funding allocations for the LHTF Program, subject to the terms and conditions of H&S Code Section 50842.2, the LHTF Program Guidelines, NOFA, Program requirements, the Standard Agreement and other related contracts between the Department and LHTF award recipients;
NOW THEREFORE BE IT RESOLVED THAT:

1. If Applicant receives an award of LHTF funds from the Department pursuant to the above referenced LHTF NOFA, it represents and certifies that it will use all such funds on Eligible Projects in a manner consistent and in compliance with all applicable state and federal statutes, rules, regulations, and laws, including, without limitation, all rules and laws regarding the LHTF Program, as well as any and all contracts Applicant may have with the Department (“Eligible Project”).
2 2. NOW, THEREFORE, IT IS RESOLVED: That the ____________________________________ is hereby authorized to act as the ______________ in connection with the Department's funds to Eligible Projects pursuant to the above described Notice of Funding Availability in an amount not to exceed $ (the "LHTF Award"). NOTE: Dollar amount must include amount used for administrative costs, pursuant to Section 105(b) of the Guidelines.

3. Applicant hereby agrees to match on a dollar for dollar basis the LHTF Award pursuant to Guidelines Section 104. Applicant hereby agrees to utilize matching finds on a dollar-for-dollar basis for the same Eligible Project for which Program Funds are used, as required by HSC Section 50843.5(c).

INSTRUCTION: Provide a short summary on how you commit to use the Program Funds and Matching Funds. The summary, which shall be labeled Attachment 1 shall include: (1) identification of the percent of the total funds requested that will be used for each activity/project, including Area Median Income (AMI) level; and (2) a list of the jurisdictions where the activities/projects will be delivered, in the case of any HTF that serves more than one jurisdiction. Attachment 1 MUST be incorporated into your Resolution as an attachment before it is adopted.

4. Pursuant to Attachment 1 and the Applicant’s certification in this resolution, the LHTF funds will be expended only for Eligible Projects and consistent with all program requirements.

5. Nonprofit Housing Trust Funds and Native American Tribe Housing Trust Funds agree to use Program Funds only for Eligible Projects located in cities and counties that submitted an adopted Housing Element that was found by the Department to be in compliance and that have submitted their Housing Element Annual Progress Report (APR) for the current year or prior year by the application due date.

6. Applicant shall be subject to the terms and conditions as specified in the Standard Agreement, H&S Section 50842.2 and LHTF Program Guidelines

7. _______________________________ is/are authorized to execute the LHTF Program Application, the LHTF Standard Agreement and any subsequent amendments or modifications thereto, as well as any other documents which are related to the Program or the LHTF Award to Applicant, as the Department may deem appropriate.
3 PASSED AND ADOPTED at a regular meeting of
the _________________________________________________________ this _____ day of ____________, _________ by the following vote:

AYES: _____ ABSTENTIONS: _____ NOES: ____ ABSENT: _____ Approving Officer: _______________________
Signature of Approving Officer
__________________________________________
INSTRUCTION: The attesting officer cannot be the person identified in the resolution as the authorized signor

CERTIFICATE OF THE ATTESTING OFFICER
The undersigned, Officer of _________________________ does hereby attest and certify that the ________________ Resolution is a true, full and correct copy of a resolution duly adopted at a meeting of the _____________________________________________________________, which was duly convened and held on the date stated thereon, and that said document has not been amended, modified, repealed or rescinded since its date of adoption and is in full force and effect as of the date hereof.

ATTEST: ____________________
Signature of Attesting Officer
________________________________________
ATTACHMENT 1
The City of Santa Barbara Local Housing Trust Fund will commit funding to two projects within the City of Santa Barbara’s jurisdiction as follows:
1) Agency: The Housing Authority of the City of Santa Barbara Project Name: 15 South Hope
Total Funding to Project:
50% Program Funds minus 5% Administration $1,377,500
50% Matching Funds minus 5% Administration $1,377,500
Total Funding to Project: $2,755,000 toward construction costs Project Description:

The proposed project consists of a new construction multifamily rental housing development totaling 46 units, to be built on a 53,910 sq. ft. vacant parcel, located at 15 South Hope Street. The project will encompass one building containing 17 studios, 13 one-bedrooms, and 16 two-bedroom apartments with one 2-bedroom apartment set aside as unrestricted for an onsite manager. The development will have four stories, and all floors will be serviced by a central elevator. The project will set aside 50 percent of the units (23) as special needs serving individuals living with developmental or mental health disabilities. The remaining 22 units will be non-special needs. The 45 affordability restricted units will be reserved for households with incomes at or below 60% AMI, with 18 being for households with incomes at or below 30% AMI (Extremely Low-Income), 14 at or below 50% AMI (Very Low-Income) and 13 at or below 60% AMI (Low-Income). 2) Agency: People’s Self-Help Housing
Project Name: Carrillo Street Apartments
Total Funding to Project:
50% Program Funds minus 5% Administration $1,377,500
50% Matching Funds minus 5% Administration $1,377,500
Total Funding to Project: $2,755,000 toward acquisition costs Project Description:

The proposed project is to develop and construct 65 permanently affordable newly constructed apartment homes on 0.71 acres located in downtown Santa Barbara. The site is comprised of four separate parcels: 1) 312 W. Carrillo St., 2) 316 W. Carrillo St., 3) 1018 Placida Place (aka 1018 Placido Avenue), and 4) 318 W. Carrillo St. The 312 W. Carrillo St. and 316 W. Carrillo St. properties are currently vacant land. 318 W. Carrillo St. is improved with an apartment building. The 1018 Placida Place property is currently being used as a parking lot for the residents of the apartment building located at 318 W. Carrillo St. Development will involve demolition of existing structures and new construction of 20 studios, 42 one bedrooms and 3 two-bedroom units (1 unrestricted for a manager’s unit).

All 64 affordability restricted units will be for households with incomes at or below 60% AMI, with 50 percent (33 units) for incomes at or below 30% AMI (Extremely Low-Income), 20 units at or below 50% AMI (Very Low-Income), and 11 units at or below 60% AMI (LowIncome). The project will also set aside units to serve special needs populations and will provide supportive services. Under California housing element law, special needs ATTACHMENT 1
populations can include persons who are elderly or disabled, female headed households, large families, farmworkers, and people experiencing homelessness.

In the event that one of the projects listed above is unable to move forward, then 100 percent of both the Program Funds and Matching Funds minus five percent of Program Funds and five percent of Matching Funds for allowable administration costs, for a total of $5,510,000, will be provided to the other project.

CITY OF SANTA BARBARA

COUNCIL AGENDA REPORT
AGENDA DATE: September 30, 2025
TO: Mayor and Councilmembers
FROM: Public Works Department
SUBJECT: Award of Design of Taxiways E, A3, and A5 Pavement Repairs Project [Resolution; Agreement]
RECOMMENDATION: That Council:

A. Authorize the Public Works Director to execute a City Professional Services contract with Kimley-Horn and Associates, Inc. in the amount of $290,630 for engineering design services, and authorize $29,063 for potential extra services, for a total expenditure authority of $319,693; and
B. Adopt, by reading of title only, a Resolution of the Council of the City of Santa Barbara Amending Resolution No. 25-066, Adopting the Budget for Fiscal Year 2026, to Appropriate Funds for the Award of Design of Taxiways E, A3, and A5 Pavement Repairs Project.

DISCUSSION:

Background
The Santa Barbara Municipal Airport (Airport) comprises of a system of three runways and multiple taxiways with pavement continually requiring preventative maintenance and repairs ranging from minor surface rehabilitation to full-depth reconstruction.

Implementing these measures prevent severe pavement deterioration and consequently minimizes the safety risk of aircraft operating on the runway and taxiway pavement surfaces. The Airport has assessed the pavement condition and work history of Taxiways E ‘Echo”, A3 “Alpha Three” and A5 “Alpha Five” and selected these taxiways for repair in Fiscal Year 2026. Taxiway E spans the backside of the airport terminal and serves as the direct path between the boarding gates and the primary runway for most commercial aircraft. Similarly, Taxiway A5 receives frequent air traffic from commercial and general aviation aircraft as it is the only connector for Runway 7’s threshold end. General aviation aircraft typically use Taxiway A3 because it is the closest route from Runway 7’s threshold end to the Airport’s Fixed Based Operators apron space, where aircraft can park and refuel between operations.

Agenda Item No. 6
File Code No. 560.04
Council Agenda Report
Award of Design of Taxiways E, A3, and A5 Pavement Repairs [Resolution; Agreement] September 30, 2025

Page 2 ends

These taxiways recently received preventative maintenance applications such as crack sealant and urgent patch repairs; however, the individual taxiways have not had major rehabilitation for ten to twenty years. Depending on the extent of the repairs, which will be determined during the design process, the taxiway pavement repairs might require additional modifications to the taxiway width, fillet radius, and other geometric changes to comply with the latest airport design standards outlined by the Federal Aviation Administration (FAA). Any proposed geometric changes associated with the Airport’s future development, as referenced in the Airport’s 2025 Master Plan Update, may coincide with the taxiway pavement repairs.

Project Description
Each taxiway has varying levels of pavement deterioration including cracking, weathering, raveling, and formation of depressions. The taxiways with the most severe pavement distress in the order from greatest to least are Taxiway E, Taxiway A5, and Taxiway A3.

Pavement maintenance and repair methods range from minor to major corrective actions such as an asphalt seal coat, a milling and paving rehabilitation of the surface asphalt layers, and a full-depth reconstruction to the subgrade. The design analysis will utilize available work history logs, Airport records, and a geotechnical investigation report from the award of design. This information will contribute to identifying the most appropriate and economic pavement repairs for the project taxiways. Treating the taxiway pavement with corrective maintenance and repair solutions prevents further pavement deterioration requiring more costly repairs. It also helps reduce the risk of loose pieces of asphalt dislodging from the pavement’s surface, which poses a high risk to aircraft if ingested in the turbine engines or colliding with propellors. Repairing the pavement improves the pavement structure and extends the taxiway design life. The Airport anticipates starting the project in Spring 2026 and estimates approximately three months to complete.

This Airport project was selected from the Airport’s five-year forecast Capital Improvement Program previously presented to Airport Commission on October 16, 2024.

The three selected taxiways and corresponding lengths are shown on the vicinity map (Attachment).

Design Phase Consultant Engineering Services
Staff recommends that Council authorize the Public Works Director to execute a contract with Kimley-Horn and Associates, Inc. in the amount of $290,630 for engineering design services and authorize $29,063 for potential extra services, for a total expenditure authority of $319,613. Kimley-Horn and Associates, Inc. specializes in engineering design within the aviation and airport industry and was selected as the most qualified firm from a competitive Request For Quotation solicitation and evaluation completed in 2024. After the selection of Kimley-Horn and Associates, Inc., staff evaluated the fee proposal and determined the fee is fair and reasonable, as it closely matches staff’s fee calculation from the Independent Fee Estimate tool required for federal contracts.

Council Agenda Report
Award of Design of Taxiways E, A3, and A5 Pavement Repairs [Resolution; Agreement] September 30, 2025

Page 3 ends

BUDGET/FINANCIAL INFORMATION:

The FAA, under authorization from the United States Congress, distributes federal grants under the FAA Airport Improvement Program (AIP) to all eligible commercial service airports. Funding is first awarded on an entitlement basis, which guarantees a minimum level of federal assistance each year depending on the prior year passenger enplanement levels, and secondly on a discretionary basis. This Project qualifies for the entitlement funding for its direct relation to commercial airline usage and therefore will receive federal assistance through a FAA AIP grant that funds 90.66 percent of the total project cost. The City of Santa Barbara (City) Airport will cover the Airport sponsor share of 9.34 percent with local funds.

On September 2, 2025, the Airport executed AIP Grant Agreement 3-06-0235-080-2025 for the design contract and other design related costs. With the recommended appropriation of the FAA AIP grant funds of $292,100 and the City share funds of $30,093 from the Airport Capital Grants Fund, there will be sufficient expenditure appropriations for project expenditures in the Airport Capital Grant Fund in Fiscal Year 2026 to cover the cost of this Project.

The following summarizes all Project design costs, construction contract funding, and other Project costs:

ESTIMATED TOTAL PROJECT COST
*Cents have been rounded to the nearest dollar in this table.

GRANT CITY
SHARE
TOTAL
Design with Extra Services (Kimley-Horn) $289,834 $29,859 $319,693 City Permit Costs $2,266 $234 $2,500
Design Subtotal $292,100 $30,093 $322,193
Estimated Construction Contract $4,363,542 $449,542 $4,813,084 Subtotal $4,363,542 $449,542 $4,813,084
Estimated Construction Management /
Inspection Contract
$305,448 $31,468 $336,916
Subtotal $305,448 $31,468 $336,916
Construction Subtotal $4,668,990 $481,010 $5,150,000
TOTAL PROJECT COST $4,961,090 $511,103 $5,472,193
A copy of the contract may be requested from the Public Works Department for public review by contacting [email protected].

Council Agenda Report
Award of Design of Taxiways E, A3, and A5 Pavement Repairs [Resolution; Agreement] September 30, 2025

Page 4 ends

SUSTAINABILITY IMPACT:

This Project has no measurable sustainability impact associated with the pavement repairs of the taxiways.

ENVIRONMENTAL REVIEW:

The FAA has determined that the Project is categorically excluded under the National Environmental Policy Act pursuant to FAA Order 1050.1F. This Project will require environmental review as determined by California Environmental Quality Act (CEQA) regulations as well as coastal zone review. CEQA and coastal zone review will be completed at the earliest design stage when the project scope is defined, and the full extent of the environmental impacts are known.

ATTACHMENT: Project Vicinity Map

PREPARED BY AND
SUBMITTED BY: Brian D’Amour, P.E., Public Works Director/PD/sk APPROVED BY: Kelly McAdoo, City Administrator

ATTACHMENT
RESOLUTION NO. _____

A RESOLUTION OF THE COUNCIL OF THE CITY OF
SANTA BARBARA AMENDING RESOLUTION NO. 25-066,
ADOPTING THE BUDGET FOR FISCAL YEAR 2026, TO

APPROPRIATE FUNDS FOR THE AWARD OF DESIGN OF
TAXIWAYS E, A3, AND A5 PAVEMENT REPAIRS PROJECT
WHEREAS, in accordance with the City Charter, the City Administrator filed with the Council a proposed budget for the fiscal year beginning July 1, 2025; WHEREAS, the City Council is required to adopt a budget before the beginning of the fiscal year on July 1, 2025;
WHEREAS, the City Charter provides that at any public meeting after the adoption of the budget, the City Council may amend or supplement the budget by motion adopted by the affirmative votes of at least a majority of the total members of the City Council; and WHEREAS, as authorized by Resolution No. 25-066, this Resolution approves the amendment to the budget as provided herein.

SECTION 1. The Council approves a reprogramming of existing expenditure appropriations in the Airport Capital Fund, from the 495 Fairview Hangar Projects, in the amount of $30,093 in city match and authorize the transfer of such funds to the Airport Grants Fund, and approve an increase in revenue and expenditure appropriations in the Airport Grants Fund in the amount of $322,193, funded by the transfer for the City match and $292,100 from Federal Aviation Administration Airport Improvement Grant 03-06- 0235-080-2025, for the design of the Taxiways E, A3, and A5 Pavement Repairs Project.

CITY OF SANTA BARBARA

COUNCIL AGENDA REPORT
AGENDA DATE: September 30, 2025
TO: Mayor and Councilmembers
FROM: Finance Department
SUBJECT: August 2025 Investment Report
RECOMMENDATION:

That Council accept the August 2025 Investment Report.

DISCUSSION:

The attached investment report includes Investment Activity, Interest Revenue, a Summary of Cash and Investments, and Investment Portfolio detail as of August 31, 2025.

ATTACHMENTS: 1. August 2025 Investment Report

2. August 2025 Clean Energy CCA Report

3. August 2025 PARS Section 115 Trust
PREPARED BY: Salvatore Parrilla, Treasury Analyst
SUBMITTED BY: Keith DeMartini, Finance Director
APPROVED BY: Kelly McAdoo, City Administrator
Agenda Item No. 7
File Code No. 260.02
ENDING BALANCE AS OF Aug 31, 2025
Yield to
Book Maturity
Description Value (365 days)US Bank Checking Account $ 22,643,927 0.750%State of California Local Agency Investment Fund (LAIF) 35,815,866 4.251% Chandler Asset Management - Managed Portfolio 273,397,050 3.450%Total Cash and Investments $ 331,856,842 August 31, 2025
ATTACHMENT 1

CITY OF SANTA BARBARA
Checking Account, LAIF & Managed Portfolio
Summary of Cash and Investments
City of Santa Barbara Managed | Account #11204 | As of August 31, 2025 Execution Time: 09/04/2025 05:46:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (08/01/24)
City of Santa Barbara Managed 1.05% 1.79% 4.66% 5.03% -- -- -- -- 5.42% Benchmark Return 1.05% 1.65% 4.32% 4.43% -- -- -- -- 5.03% Average Modified Duration 2.47
Average Coupon 3.15%
Average Purchase YTM 3.45%
Average Market YTM 3.87%
Average Credit Quality* AA+
Average Final Maturity 2.81
Average Life 2.54
End Values as of
07/31/2025
End Values as of
08/31/2025
Market Value 271,448,837.27 274,430,483.81
Accrued Interest 1,865,979.99 1,730,491.22
Total Market Value 273,314,817.26 276,160,975.03
Income Earned 766,595.22 563,314.10
Cont/WD 0.00 0.00
Par 275,334,151.97 276,133,555.00
Book Value 272,493,043.96 273,397,049.64
Cost Value 271,779,307.22 272,654,443.25
Government of The United States 37.45%
Federal Home Loan Banks 15.53%
FHLMC 7.89%
Farm Credit System 6.45%
International Bank for Recon and Dev 3.24%
Federal Agricultural Mortgage Corp 1.82%
U.S. Bancorp 1.74%
Pricoa Global Funding I 1.28%
**Periods over 1 year are annualized.

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

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 272,493,043.96 271,882,321.01
Maturities/Calls (4,000,000.00) (6,000,000.00)
Principal Paydowns (2,697.93) (5,615.96)
Purchases 10,530,139.77 20,735,859.55
Sales (5,908,697.89) (13,527,219.14)
Change in Cash, Payables, Receivables 215,893.44 215,978.32 Amortization/Accretion 68,165.83 134,423.40
Realized Gain (Loss) 1,202.46 (38,697.53)
Ending Book Value 273,397,049.64 273,397,049.64
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 271,448,837.27 271,671,776.77
Maturities/Calls (4,000,000.00) (6,000,000.00)
Principal Paydowns (2,697.93) (5,615.96)
Purchases 10,530,139.77 20,735,859.55
Sales (5,908,697.89) (13,527,219.14)
Change in Cash, Payables, Receivables 215,893.44 215,978.32 Amortization/Accretion 68,165.83 134,423.40
Change in Net Unrealized Gain (Loss) 2,077,640.86 1,243,978.41 Realized Gain (Loss) 1,202.46 (38,697.53)
Ending Market Value 274,430,483.81 274,430,483.81
Maturities / Calls
Month to Date (4,000,000.00)
Fiscal Year to Date (6,000,000.00)
Principal Paydowns
Month to Date (2,697.93)
Fiscal Year to Date (5,615.96)
Purchases
Month to Date 10,530,139.77
Fiscal Year to Date 20,735,859.55
Sales
Month to Date (5,908,697.89)
Fiscal Year to Date (13,527,219.14)
Interest Received
Month to Date 626,031.06
Fiscal Year to Date 1,225,602.03
Purchased / Sold Interest
Month to Date 4,605.98
Fiscal Year to Date 1,164.85
City of Santa Barbara Managed | Account #11204 | As of August 31, 2025 Execution Time: 09/04/2025 05:46:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 1,240,000.00 05/20/20254.84%
1,239,979.42
1,239,981.22
100.82

4.05%
1,250,210.16
1,735.31

0.46%
10,228.94
NA/AAA
AAA

2.73 1.42
096912AD2 BMWLT 2025-1 A3 4.43
06/26/2028 680,000.00 06/03/20254.82%
679,985.04
679,986.16
100.75

4.00%
685,102.11
502.07

0.25%
5,115.95
NA/AAA
AAA

2.82 1.60
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 1,355,000.00 05/14/20254.66%
1,354,834.83
1,354,846.76
101.36

4.00%
1,373,444.40
2,776.24

0.50%
18,597.64
NA/AAA
AAA

3.62 2.07
44935XAD7 HART 2025-B A3 4.36
12/17/2029 1,030,000.00 06/03/20254.36%
1,029,906.99
1,029,911.61
100.99

3.90%
1,040,194.22
1,995.91

0.38%
10,282.61
NA/AAA
AAA

4.30 1.99
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030 650,000.00 05/06/20254.71%
649,904.32
649,910.17
100.78

3.82%
655,073.32
1,159.17

0.24%
5,163.14
Aaa/AAA
NA

4.62 1.57
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030 2,135,000.00 06/03/20254.33%
2,134,964.56
2,134,966.19
101.26

3.88%
2,161,869.19
4,118.18

0.79%
26,902.99
NA/AAA
AAA

4.70 2.50
17305EHA6 CCCIT 2025-A1 A1 4.3
06/21/2030 2,105,000.00 06/18/20254.31%
2,104,428.91
2,104,449.92
101.02

3.91%
2,126,387.01
16,342.99

0.77%
21,937.09
Aaa/AAA
NA

4.80 2.60
Total ABS 9,195,000.00 4.51%
9,194,004.07
9,194,052.03
101.06

3.94%
9,292,280.40
28,629.86

3.39%
98,228.36

4.11 2.13
AGENCY
31422XBA9

FEDERAL AGRICULTURAL
MORTGAGE CORP 0.48
09/22/2025
3,000,000.00 03/02/2021

0.48%
3,000,000.00
3,000,000.00

99.79 4.31%
2,993,618.58
6,360.00

1.09%
(6,381.42)
Aa1/AA+
AA+

0.06 0.06
3130ALAR5 FEDERAL HOME LOAN BANKS 0.5
11/25/2025 3,000,000.00 02/25/20210.50%
3,000,000.00
3,000,000.00

99.15 4.23%
2,974,403.31
250.00

1.08%
(25,596.69)
Aa1/AA+
AA+

0.24 0.23
3130AMFM9 FEDERAL HOME LOAN BANKS 0.9
12/26/2025 3,000,000.00 05/26/2021

0.90%
3,000,000.00
3,000,000.00

98.94 4.29%
2,968,289.79
7,125.00

1.08%
(31,710.21)
Aa1/AA+
AA+

0.32 0.31
3130AKQA7 FEDERAL HOME LOAN BANKS 0.7
01/28/2026 3,000,000.00 01/28/20210.61%
3,000,000.00
3,000,000.00

98.64 4.11%
2,959,159.08
1,925.00

1.08%
(40,840.92)
Aa1/AA+
AA+

0.41 0.40
3130AKPQ3 FEDERAL HOME LOAN BANKS

0.58 01/28/2026 3,000,000.00 01/28/20210.58%
3,000,000.00
3,000,000.00

98.57 4.17%
2,957,019.27
1,595.00

1.08%
(42,980.73)
Aa1/AA+
AA+

0.41 0.40
3130AKSV9 FEDERAL HOME LOAN BANKS

0.75 01/28/2026 3,000,000.00 01/28/20210.65%
3,000,000.00
3,000,000.00

98.66 4.11%
2,959,755.12
2,062.50

1.08%
(40,244.88)
Aa1/AA+
AA+

0.41 0.40
3130ALGY4 FEDERAL HOME LOAN BANKS 1.0
03/16/2026 2,000,000.00 03/16/20210.80%
2,000,000.00
2,000,000.00

98.40 4.03%
1,968,028.80
9,166.67

0.72%
(31,971.20)
Aa1/AA+
AA+

0.54 0.53
3130ARKG5 FEDERAL HOME LOAN BANKS 3.0
04/21/2026 2,000,000.00 04/21/20223.00%
2,000,000.00
2,000,000.00

99.37 4.00%
1,987,442.72
21,666.67

0.72%
(12,557.28)
Aa1/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
31422X2U5

FEDERAL AGRICULTURAL
MORTGAGE CORP 3.625
05/15/2026
2,000,000.00 05/15/2023

3.62%
2,000,000.00
2,000,000.00

99.75 3.98%
1,995,086.68
21,347.22

0.73%
(4,913.32)
Aa1/AA+
AA+

0.70 0.68
3130AMDY5 FEDERAL HOME LOAN BANKS 1.0
05/20/2026 2,000,000.00 05/20/20211.00%
2,000,000.00
2,000,000.00

97.78 4.17%
1,955,680.70
5,611.11

0.71%
(44,319.30)
Aa1/AA+
AA+

0.72 0.70
3130AMMZ2 FEDERAL HOME LOAN BANKS 1.0
06/10/2026 2,000,000.00 06/10/20211.00%
2,000,000.00
2,000,000.00

97.73 4.01%
1,954,600.68
4,500.00

0.71%
(45,399.32)
Aa1/AA+
AA+

0.77 0.75
3133EMH21 FEDERAL FARM CREDIT BANKS
FUNDING CORP 0.9 06/15/2026 2,000,000.00 06/15/2021

0.90%
2,000,000.00
2,000,000.00

97.62 4.01%
1,952,354.14
3,800.00

0.71%
(47,645.86)
Aa1/AA+
AA+

0.79 0.77
3133ENHV5 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.39 06/22/2026 3,000,000.00 12/22/20211.39% 3,000,000.00
3,000,000.00

97.96 3.99%
2,938,727.79
7,992.50

1.07%
(61,272.21)
Aa1/AA+
AA+

0.81 0.79
3133EM4S8 FEDERAL FARM CREDIT BANKS
FUNDING CORP 0.87 09/08/2026 2,000,000.00 09/08/20210.87% 2,000,000.00
2,000,000.00

96.97 3.94%
1,939,463.76
8,361.67

0.71%
(60,536.24)
Aa1/AA+
AA+

1.02 0.99
3130ANXS4 FEDERAL HOME LOAN BANKS 0.9
09/28/2026 2,000,000.00 09/28/20210.90%
2,000,000.00
2,000,000.00

96.85 3.93%
1,936,943.88
7,650.00

0.71%
(63,056.12)
Aa1/AA+
AA+

1.08 1.04
3133ENT67 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.25 10/19/2026 3,000,000.00 10/19/20224.26% 2,998,500.00
2,999,575.98
100.48

3.80%
3,014,532.21
46,750.00

1.10%
14,956.23
Aa1/AA+
AA+

1.13 1.08
3130APHA6 FEDERAL HOME LOAN BANKS

1.25 10/28/2026 2,000,000.00 10/28/20211.12%
2,000,000.00
2,000,000.00

97.06 3.87%
1,941,297.38
8,541.67

0.71%
(58,702.62)
Aa1/AA+
AA+

1.16 1.12
3133ENLZ1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.78 01/26/2027 3,000,000.00 01/27/20221.78% 3,000,000.00
3,000,000.00

97.22 3.84%
2,916,531.90
5,191.67

1.06%
(83,468.10)
Aa1/AA+
AA+

1.41 1.36
3130AQMX8 FEDERAL HOME LOAN BANKS

2.25 01/26/2027 3,000,000.00 01/26/20221.79%
3,000,000.00
3,000,000.00

97.87 3.83%
2,936,024.64
6,562.50

1.07%
(63,975.36)
Aa1/AA+
AA+

1.41 1.36
3133ENPB0 FEDERAL FARM CREDIT BANKS
FUNDING CORP 2.18 02/16/2027 3,000,000.00 02/16/20222.18% 3,000,000.00
3,000,000.00

97.61 3.88%
2,928,415.77
2,725.00

1.07%
(71,584.23)
Aa1/AA+
AA+

1.46 1.41
3130ARCB5 FEDERAL HOME LOAN BANKS

2.375 03/29/2027 3,000,000.00 03/29/20222.37%
3,000,000.00
3,000,000.00

97.82 3.81%
2,934,701.73
30,083.33

1.07%
(65,298.27)
Aa1/AA+
AA+

1.57 1.51
3133EPEE1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.0 03/29/2027 2,000,000.00 03/29/20234.00% 2,000,000.00
2,000,000.00
100.33

3.78%
2,006,542.90
33,777.78

0.73%
6,542.90
Aa1/AA+
AA+

1.57 1.49
3134GXVN1

FEDERAL HOME LOAN
MORTGAGE CORP 3.5
06/23/2027
3,000,000.00 06/23/2022

3.50%
3,000,000.00
3,000,000.00

99.24 3.94%
2,977,235.40
19,833.33

1.08%
(22,764.60)
Aa1/AA+
AA+

1.81 1.72
3130AWWN6 FEDERAL HOME LOAN BANKS 4.5
09/10/2027 2,000,000.00 08/24/20234.51%
1,999,120.00
1,999,560.00
101.54

3.70%
2,030,736.94
42,750.00

0.74%
31,176.94
Aa1/AA+
AA+

2.03 1.88
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 2,000,000.00 06/26/2023

4.07%
1,993,600.00
1,996,421.66
101.01

3.61%
2,020,206.86
18,222.22

0.74%
23,785.20
Aa1/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3130ATHX8 FEDERAL HOME LOAN BANKS

4.125 09/14/2029 3,000,000.00 10/17/20243.93%
3,025,380.00
3,020,876.18
101.68

3.67%
3,050,296.50
57,406.25

1.11%
29,420.32
Aa1/AA+
AA+

4.04 3.62
3130ATUT2 FEDERAL HOME LOAN BANKS 4.5
12/14/2029 3,000,000.00 12/16/20244.29%
3,028,440.00
3,024,415.03
102.83

3.78%
3,084,851.64
28,875.00

1.12%
60,436.61
Aa1/AA+
AA+

4.29 3.84
Total Agency 69,000,000.00 2.03%
69,045,040.00
69,040,848.85

98.98 3.96%
68,281,948.17
410,132.08

24.88%
(758,900.68)

1.27 1.19

AGENCY CMBS
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 1,357,000.00 02/12/2025

4.73%
1,292,065.43
1,300,834.30

98.34 3.90%
1,334,433.90
3,869.71

0.49%
33,599.61
Aa1/AAA
AA+

3.49 3.17
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 2,570,000.00 09/20/20243.80%
2,537,272.66
2,544,170.08

98.55 3.91%
2,532,784.09
7,506.54

0.92%
(11,385.99)
Aa1/AAA
AA+

3.56 3.19
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029 2,476,212.58 09/19/20243.82%
2,388,964.77
2,406,725.93

96.86 3.92%
2,398,458.01
6,153.39

0.87%
(8,267.92)
Aa1/AA+
AAA

3.73 3.26
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029 1,000,000.00 03/13/20254.39%
938,828.13
945,478.98

95.96 3.94%
959,585.00
2,320.83

0.35%
14,106.02
Aa1/AA+
AAA

3.82 3.45
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029 2,100,000.00 10/01/20243.83%
1,970,718.74
1,995,078.21

94.47 3.95%
1,983,873.57
4,243.75

0.72%
(11,204.64)
Aa1/AA+
AAA

3.98 3.63
3137H9D71 FHMS K-750 A2 3.0 09/25/2029 2,500,000.00 11/15/2024

4.62%
2,336,718.75
2,363,371.19

96.59 3.98%
2,414,727.75
6,250.00

0.88%
51,356.56
Aa1/AA+
AAA

4.07 3.40
3137FPJG1 FHMS K-099 A2 2.595
09/25/2029 2,800,000.00 06/06/20254.38%
2,609,140.63
2,619,283.51

94.93 3.97%
2,658,049.52
6,055.00

0.97%
38,766.01
Aa1/AA+
AAA

4.07 3.69
3137FQ3Z4 FHMS K-101 A2 2.524
10/25/2029 2,480,000.00 03/17/20254.42%
2,287,218.75
2,306,427.03

94.51 3.97%
2,343,798.40
5,216.27

0.85%
37,371.37
Aa1/AA+
AA+

4.15 3.80
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 2,700,000.00 07/14/20254.28%
2,457,843.75
2,464,681.80

92.31 3.99%
2,492,450.73
4,655.25

0.91%
27,768.93
Aa1/AA+
AAA

4.40 4.09
3137HA4B9 FHMS K-751 A2 4.412
03/25/2030 2,500,000.00 03/25/20254.41%
2,496,972.66
2,497,236.86
101.40

4.01%
2,535,054.00
9,191.67

0.92%
37,817.14
Aaa/AA+
AA+

4.56 3.78
Total Agency CMBS 22,483,212.58 4.24%
21,315,744.27
21,443,287.88

96.38 3.96%
21,653,214.98
55,462.41

7.89%
209,927.10

4.02 3.57
CASH
CCYUSD Receivable 223,359.06 -- 223,359.06
223,359.06

1.00 0.00%
223,359.06

0.00 0.08%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 223,359.06
223,359.06
223,359.06

1.00 0.00%
223,359.06

0.00 0.08%

0.00 0.00

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration

CORPORATE
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/17/2021

0.71%
2,999,250.00
2,999,933.96

98.52 4.16%
2,955,743.40
1,341.67

1.08%
(44,190.56)
Aaa/AA+
NA

0.44 0.43
74153WCU1 PRICOA GLOBAL FUNDING I 4.4
08/27/2027 3,500,000.00 08/20/20244.41%
3,499,230.00
3,499,490.18
100.66

4.05%
3,523,018.31
1,711.11

1.28%
23,528.13
Aa3/AAAA1.99

1.88 66815L2T5

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.11
09/12/2027
2,440,000.00 09/05/2024

4.11%
2,439,926.80
2,439,950.46
100.19

4.01%
2,444,571.00
47,077.77

0.89%
4,620.53
Aa1/AA+
AAA

2.03 1.89
64953BBW7 NEW YORK LIFE GLOBAL
FUNDING 4.4 04/25/2028 1,880,000.00 04/22/20254.43%
1,878,684.00
1,878,838.89
101.05

3.98%
1,899,723.49
28,952.00

0.69%
20,884.60
Aa1/AA+
AAA

2.65 2.44
61690DK72 MORGAN STANLEY BANK NA

5.016 01/12/2029 3,250,000.00 02/13/20254.93%
3,257,345.00
3,255,968.68
101.71

4.53%
3,305,682.12
22,188.83

1.20%
49,713.44
Aa3/A+
AA3.372.20
78016HZV5 ROYAL BANK OF CANADA 4.95
02/01/2029 2,750,000.00 12/09/20244.59%
2,787,207.50
2,780,694.96
102.92

4.02%
2,830,436.95
11,343.75

1.03%
49,741.99
A1/A
AA3.423.11
09247XAP6 BLACKROCK FINANCE INC 3.25
04/30/2029 3,400,000.00 07/29/20244.60%
3,205,996.00
3,250,499.51

97.89 3.87%
3,328,283.09
37,140.28

1.21%
77,783.57
Aa3/AANA3.66

3.38 89236TMF9 TOYOTA MOTOR CREDIT CORP

5.05 05/16/2029 3,250,000.00 12/04/20244.55%
3,314,675.00
3,303,915.76
103.30

4.08%
3,357,356.31
47,869.79

1.22%
53,440.55
A1/A+
A+

3.71 3.32
24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 3,250,000.00 07/18/20244.62%
3,281,980.00
3,274,664.66
102.88

4.02%
3,343,607.22
35,027.78

1.22%
68,942.55
A1/A
A+

3.78 3.40
437076DC3 HOME DEPOT INC 4.75
06/25/2029 3,250,000.00 07/18/20244.59%
3,272,652.50
3,267,421.06
102.37

4.07%
3,326,884.11
28,302.08

1.21%
59,463.05
A2/A
A

3.82 3.37
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 2,245,000.00 07/21/20254.35%
2,245,000.00
2,245,000.00
100.52

4.40%
2,256,576.34
9,768.00

0.82%
11,576.34
A2/AA3.88

2.67 532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 3,275,000.00 08/12/2024

4.24%
3,268,882.55
3,270,165.67
100.88

3.96%
3,303,920.28
6,495.42

1.20%
33,754.61
Aa3/A+
NA

3.95 3.53
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 2,800,000.00 08/15/20244.47%
2,821,364.00
2,816,826.83
101.95

4.11%
2,854,730.12
5,786.67

1.04%
37,903.29
A2/A
A

3.96 3.51
14913UAQ3

CATERPILLAR FINANCIAL
SERVICES CORP 4.375
08/16/2029
3,275,000.00 08/12/2024

4.40%
3,270,820.05
3,271,692.21
101.38

3.99%
3,320,276.35
5,970.05

1.21%
48,584.14
A2/A
A+

3.96 3.60
69371RT48 PACCAR FINANCIAL CORP 4.0
09/26/2029 1,600,000.00 09/23/20244.05%
1,596,704.00
1,597,317.71
100.12

3.97%
1,601,966.69
27,555.56

0.58%
4,648.98
A1/A+
NA

4.07 3.66
857449AE2 STATE STREET BANK AND TRUST
CO 4.782 11/23/2029 2,750,000.00 12/09/20244.56%
2,776,977.50
2,773,025.57
102.79

4.05%
2,826,831.37
35,798.58

1.03%
53,805.80
Aa2/AAAA4.23

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 3,100,000.00 --4.96%
3,092,094.00
3,093,048.74
102.47

4.27%
3,176,484.10
21,941.11

1.16%
83,435.36
Aa3/AAAA4.36

3.87 743315AW3 PROGRESSIVE CORP 3.2
03/26/2030 2,500,000.00 04/25/20254.49%
2,359,625.00
2,369,489.61

96.27 4.10%
2,406,685.80
34,444.44

0.88%
37,196.19
A2/A
A

4.57 4.13
74464AAC5 PUBLIC STORAGE OPERATING CO

4.375 07/01/2030 1,700,000.00 07/17/20254.58%
1,684,598.00
1,684,981.13
100.62

4.23%
1,710,616.50
12,602.43

0.62%
25,635.37
A2/A
NA

4.83 4.22
Total Corporate 53,215,000.00 4.31%
53,053,011.90
53,072,925.62
101.08

4.10%
53,773,393.54
421,317.31

19.59%
700,467.92

3.48 3.05

MONEY MARKET
FUND
31846V807 FIRST AMER:TRS OBG Y 4,786,983.36 --

3.89%
4,786,983.36
4,786,983.36

1.00 3.89%
4,786,983.36

0.00 1.74%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 4,786,983.36 3.89%
4,786,983.36
4,786,983.36

1.00 3.89%
4,786,983.36

0.00 1.74%

0.00 0.00

0.00 MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 2,715,000.00 10/30/20244.38%
2,729,308.05
2,726,826.89
102.85

3.71%
2,792,499.68
10,181.25

1.02%
65,672.79
Aa2/AAAA3.92

3.56 Total Municipal
Bonds 2,715,000.00 4.38%
2,729,308.05
2,726,826.89
102.85

3.71%
2,792,499.68
10,181.25

1.02%
65,672.79

3.92 3.56

SUPRANATIONAL
45950VPU4 INTERNATIONAL FINANCE CORP

0.75 03/23/2026 2,000,000.00 03/23/2021

0.81%
1,994,600.00
1,999,399.67

98.07 4.28%
1,961,441.26
6,583.33

0.71%
(37,958.41)
Aaa/AAA
NA

0.56 0.54
45906M3G4

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.0 09/09/2027
3,000,000.00 09/09/2022

4.00%
3,000,000.00
3,000,000.00
100.00

4.00%
2,999,976.78
57,333.33

1.09%
(23.22)
Aaa/NA
NA

2.02 0.02
45906M4E8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.5 06/26/2028
2,000,000.00 06/26/2023

4.53%
1,997,500.00
1,998,591.95
100.19

4.43%
2,003,726.34
16,250.00

0.73%
5,134.39
Aaa/AAA
NA

2.82 0.79
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
3,865,000.00 --

3.98%
3,846,482.35
3,849,688.32
100.68

3.70%
3,891,392.73
56,158.45

1.42%
41,704.41
Aaa/AAA
NA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total
Supranational 10,865,000.00 3.51%
10,838,582.35
10,847,679.95

99.93 4.02%
10,856,537.11
136,325.12

3.96%
8,857.17

2.66 1.59

US TREASURY
91282CBW0 UNITED STATES TREASURY 0.75
04/30/2026 3,000,000.00 01/12/20221.45%
2,912,812.50
2,986,607.91

97.90 4.00%
2,936,988.27
7,581.52

1.07%
(49,619.64)
Aa1/AA+
AA+

0.66 0.65
91282CCF6 UNITED STATES TREASURY 0.75
05/31/2026 2,000,000.00 09/24/20210.88%
1,988,281.25
1,998,135.96

97.65 3.98%
1,953,093.74
3,811.48

0.71%
(45,042.22)
Aa1/AA+
AA+

0.75 0.73
91282CCP4 UNITED STATES TREASURY 0.625
07/31/2026 2,000,000.00 09/24/20210.90%
1,973,950.30
1,995,101.89

97.09 3.90%
1,941,890.62
1,086.96

0.71%
(53,211.27)
Aa1/AA+
AA+

0.91 0.89
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 2,000,000.00 10/08/20211.00%
1,975,781.25
1,995,069.56

96.98 3.87%
1,939,625.00

41.44 0.71%
(55,444.56)
Aa1/AA+
AA+

1.00 0.97
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 2,000,000.00 10/08/20211.02%
1,986,406.25
1,997,053.94

96.89 3.85%
1,937,890.62
7,363.39

0.71%
(59,163.32)
Aa1/AA+
AA+

1.08 1.05
912828YU8 UNITED STATES TREASURY 1.625
11/30/2026 2,000,000.00 02/28/20221.86%
1,978,437.50
1,994,348.54

97.40 3.79%
1,947,968.76
8,258.20

0.71%
(46,379.78)
Aa1/AA+
AA+

1.25 1.21
912828YX2 UNITED STATES TREASURY 1.75
12/31/2026 2,000,000.00 03/17/20222.17%
1,961,956.00
1,989,434.64

97.41 3.77%
1,948,281.24
5,991.85

0.71%
(41,153.40)
Aa1/AA+
AA+

1.33 1.29
91282CFZ9 UNITED STATES TREASURY 3.875
11/30/2027 2,000,000.00 01/25/20244.10%
1,984,380.00
1,990,883.70
100.56

3.61%
2,011,171.88
19,692.62

0.73%
20,288.18
Aa1/AA+
AA+

2.25 2.11
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 3,000,000.00 01/25/20244.08%
2,977,500.00
2,986,666.09
100.60

3.60%
3,018,046.86
19,901.49

1.10%
31,380.77
Aa1/AA+
AA+

2.33 2.19
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 2,000,000.00 01/25/20244.08%
1,957,414.00
1,974,396.15

99.77 3.60%
1,995,390.62
6,086.96

0.73%
20,994.47
Aa1/AA+
AA+

2.42 2.28
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 5,000,000.00 12/09/20244.10%
4,800,781.25
4,846,214.10

98.04 3.59%
4,901,757.80
6,351.90

1.79%
55,543.70
Aa1/AA+
AA+

2.46 2.34
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 2,000,000.00 06/28/20234.06%
1,995,000.00
1,997,331.58
100.96

3.59%
2,019,218.76
220.99

0.74%
21,887.18
Aa1/AA+
AA+

2.50 2.36
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 2,000,000.00 01/25/20244.07%
1,966,020.00
1,979,037.88
100.09

3.59%
2,001,718.76
30,505.46

0.73%
22,680.88
Aa1/AA+
AA+

2.58 2.40
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,000,000.00 01/25/20244.06%
1,956,484.36
1,972,834.17

99.75 3.60%
1,995,078.12
23,586.96

0.73%
22,243.95
Aa1/AA+
AA+

2.67 2.49
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 2,000,000.00 01/25/20244.07%
1,965,180.00
1,978,007.27
100.08

3.59%
2,001,640.62
18,422.13

0.73%
23,633.35
Aa1/AA+
AA+

2.75 2.57
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 3,000,000.00 01/25/20244.06%
3,007,950.00
3,005,129.65
101.47

3.59%
3,044,062.50
10,760.87

1.11%
38,932.85
Aa1/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 2,000,000.00 02/23/20244.35%
2,002,000.00
2,001,326.47
102.21

3.59%
2,044,218.76
241.71

0.74%
42,892.29
Aa1/AA+
AA+

3.00 2.79
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 2,000,000.00 02/23/20244.33%
2,003,722.00
2,002,534.04
102.35

3.60%
2,047,031.24
22,233.61

0.75%
44,497.20
Aa1/AA+
AA+

3.25 2.98
91282CDW8 UNITED STATES TREASURY 1.75
01/31/2029 5,000,000.00 10/29/20244.16%
4,535,156.25
4,626,689.19

94.09 3.61%
4,704,492.20
7,608.70

1.71%
77,803.01
Aa1/AA+
AA+

3.42 3.26
91282CEB3 UNITED STATES TREASURY 1.875
02/28/2029 3,000,000.00 11/12/20244.30%
2,717,226.56
2,769,885.90

94.35 3.61%
2,830,546.86
155.39

1.03%
60,660.96
Aa1/AA+
AA+

3.50 3.33
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 5,000,000.00 12/09/2024

4.09%
5,005,664.06
5,004,709.24
101.70

3.61%
5,084,960.95
86,782.79

1.85%
80,251.71
Aa1/AA+
AA+

3.58 3.25
9128286T2 UNITED STATES TREASURY 2.375
05/15/2029 5,000,000.00 10/29/20244.14%
4,637,304.69
4,704,243.63

95.73 3.62%
4,786,328.10
35,173.23

1.74%
82,084.47
Aa1/AA+
AA+

3.70 3.47
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,000,000.00 01/13/20254.59%
1,992,812.50
1,993,847.00
103.02

3.63%
2,060,468.76
22,868.85

0.75%
66,621.76
Aa1/AA+
AA+

3.75 3.39
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 5,000,000.00 10/23/20244.07%
4,825,585.94
4,857,408.86

98.65 3.63%
4,932,617.20
27,819.29

1.80%
75,208.34
Aa1/AA+
AA+

3.83 3.54
91282CFC0 UNITED STATES TREASURY 2.625
07/31/2029 5,500,000.00 10/04/20243.79%
5,221,347.66
5,273,495.91

96.35 3.63%
5,299,335.91
12,554.35

1.93%
25,840.00
Aa1/AA+
AA+

3.91 3.66
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 5,400,000.00 09/20/20243.53%
5,422,781.25
5,418,447.38

99.95 3.64%
5,397,468.75
540.75

1.97%
(20,978.63)
Aa1/AA+
AA+

4.00 3.69
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 4,000,000.00 10/03/20243.61%
3,979,218.75
3,983,005.45

99.46 3.64%
3,978,593.76
58,907.10

1.45%
(4,411.69)
Aa1/AA+
AA+

4.08 3.71
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 5,000,000.00 12/09/20244.08%
4,981,250.00
4,984,032.05
101.35

3.65%
5,067,578.10
67,391.30

1.85%
83,546.05
Aa1/AA+
AA+

4.17 3.76
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 3,000,000.00 12/04/20244.08%
3,006,210.94
3,005,290.04
101.83

3.65%
3,054,960.93
31,444.67

1.11%
49,670.89
Aa1/AA+
AA+

4.25 3.83
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 2,500,000.00 05/22/20254.11%
2,488,378.91
2,489,040.91
101.37

3.67%
2,534,277.35
42,076.50

0.92%
45,236.44
Aa1/AA+
AA+

4.58 4.09
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 3,250,000.00 04/29/20253.78%
3,263,837.89
3,262,898.19
100.85

3.67%
3,277,548.82
42,435.46

1.19%
14,650.63
Aa1/AA+
AA+

4.66 4.18
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 2,000,000.00 06/06/20254.11%
1,990,078.13
1,990,536.82
101.39

3.68%
2,027,734.38
20,327.87

0.74%
37,197.56
Aa1/AA+
AA+

4.75 4.25
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 6,000,000.00 08/15/20253.85%
6,007,500.00
6,007,441.92
100.80

3.69%
6,048,281.28
20,217.39

2.20%
40,839.36
Aa1/AA+
AA+

4.91 4.42
Total US Treasury 103,650,000.00 3.64%
101,468,410.19
102,061,086.02

99.21 3.66%
102,770,267.52
668,443.18

37.45%
709,181.50

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Portfolio 276,133,555.00 3.45%
272,654,443.25
273,397,049.64

97.63 3.87%
274,430,483.81
1,730,491.22
100.00%
1,033,434.17

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 08/01/2025 31846V807 61,087.50 FIRST AMER:TRS OBG Y 1.000 3.94% (61,087.50) 0.00 (61,087.50) 0.00 Purchase 08/01/2025 31846V807 68,062.50 FIRST AMER:TRS OBG Y 1.000 3.94% (68,062.50) 0.00 (68,062.50) 0.00 Purchase 08/04/2025 31846V807 7,465.62 FIRST AMER:TRS OBG Y 1.000 3.90% (7,465.62) 0.00 (7,465.62) 0.00 Purchase 08/08/2025 31846V807 10,500.00 FIRST AMER:TRS OBG Y 1.000 3.90% (10,500.00) 0.00 (10,500.00) 0.00 Purchase 08/14/2025 31846V807 68,775.00 FIRST AMER:TRS OBG Y 1.000 3.89% (68,775.00) 0.00 (68,775.00) 0.00 Purchase 08/15/2025 31846V807 5,205.46 FIRST AMER:TRS OBG Y 1.000 3.89% (5,205.46) 0.00 (5,205.46) 0.00 Purchase 08/15/2025 31846V807 145,313.91 FIRST AMER:TRS OBG Y 1.000 3.89% (145,313.91) 0.00 (145,313.91) 0.00 Purchase 08/18/2025 31846V807 2,318.33 FIRST AMER:TRS OBG Y 1.000 3.90% (2,318.33) 0.00 (2,318.33) 0.00 Purchase 08/18/2025 91282CNN7 6,000,000.00 UNITED STATES TREASURY

3.875 07/31/2030 100.125 3.85% (6,007,500.00) (11,372.28) (6,018,872.28) 0.00 Purchase 08/20/2025 31846V807 4,732.67 FIRST AMER:TRS OBG Y 1.000 3.91% (4,732.67) 0.00 (4,732.67) 0.00 Purchase 08/25/2025 31846V807 53,511.79 FIRST AMER:TRS OBG Y 1.000 3.90% (53,511.79) 0.00 (53,511.79) 0.00 Purchase 08/25/2025 31846V807 6,666.99 FIRST AMER:TRS OBG Y 1.000 3.90% (6,666.99) 0.00 (6,666.99) 0.00 Purchase 08/26/2025 31846V807 4,012,000.00 FIRST AMER:TRS OBG Y 1.000 3.90% (4,012,000.00) 0.00 (4,012,000.00) 0.00 Purchase 08/27/2025 31846V807 77,000.00 FIRST AMER:TRS OBG Y 1.000 3.91% (77,000.00) 0.00 (77,000.00) 0.00 Total Purchase 10,522,639.77 (10,530,139.77) (11,372.28) (10,541,512.05) 0.00 TOTAL
ACQUISITIONS 10,522,639.77 (10,530,139.77) (11,372.28) (10,541,512.05) 0.00

DISPOSITIONS
Maturity 08/26/2025 3136G4U92 (4,000,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.6 08/26/2025
100.000 0.60% 4,000,000.00 0.00 4,000,000.00 0.00
Total Maturity (4,000,000.00) 4,000,000.00 0.00 4,000,000.00 0.00 Sale 08/08/2025 31846V807 (10,144.50) FIRST AMER:TRS OBG Y 1.000 3.90% 10,144.50 0.00 10,144.50 0.00 Sale 08/18/2025 91282CJR3 (3,000,000.00) UNITED STATES TREASURY

3.75 12/31/2028 99.977 4.04% 2,999,296.88 (14,979.62) 3,014,276.50 25,874.90 Sale 08/18/2025 31846V807 (926,287.76) FIRST AMER:TRS OBG Y 1.000 3.90% 926,287.76 0.00 926,287.76 0.00 Sale 08/18/2025 91282CBC4 (2,000,000.00) UNITED STATES TREASURY

0.375 12/31/2025 98.648 0.70% 1,972,968.75 (998.64) 1,973,967.39 (24,672.45) Total Sale (5,936,432.26) 5,908,697.89 (15,978.26) 5,924,676.15 1,202.46 City of Santa Barbara Managed | Account #11204 | As of August 31, 2025 Execution Time: 09/04/2025 05:46:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTAL
DISPOSITIONS (9,936,432.26) 9,908,697.89 (15,978.26) 9,924,676.15 1,202.46 OTHER

TRANSACTIONS
Coupon 08/01/2025 3137FLMV3 0.00 FHMS K-090 A2 3.422
02/25/2029 4.73% 3,869.71 0.00 3,869.71 0.00
Coupon 08/01/2025 3137H9D71 0.00 FHMS K-750 A2 3.0
09/25/2029 4.62% 6,250.00 0.00 6,250.00 0.00
Coupon 08/01/2025 78016HZV5 0.00 ROYAL BANK OF CANADA

4.95 02/01/2029 4.59% 68,062.50 0.00 68,062.50 0.00
Coupon 08/01/2025 3137FQ3Z4 0.00 FHMS K-101 A2 2.524
10/25/2029 4.42% 5,216.27 0.00 5,216.27 0.00
Coupon 08/01/2025 3137HA4B9 0.00 FHMS K-751 A2 4.412
03/25/2030 4.41% 9,191.67 0.00 9,191.67 0.00
Coupon 08/01/2025 3137FNAE0 0.00 FHMS K-095 A2 2.785
06/25/2029 4.39% 2,320.83 0.00 2,320.83 0.00
Coupon 08/01/2025 3137FPJG1 0.00 FHMS K-099 A2 2.595
09/25/2029 4.38% 6,055.00 0.00 6,055.00 0.00
Coupon 08/01/2025 13063EGT7 0.00 CALIFORNIA STATE 4.5
08/01/2029 4.38% 61,087.50 0.00 61,087.50 0.00
Coupon 08/01/2025 3137FRUT6 0.00 FHMS K-106 A2 2.069
01/25/2030 4.28% 4,655.25 0.00 4,655.25 0.00
Coupon 08/01/2025 3137FPHK4 0.00 FHMS K-098 A2 2.425
08/25/2029 3.83% 4,243.75 0.00 4,243.75 0.00
Coupon 08/01/2025 3137FMCR1 0.00 FHMS K-093 A2 2.982
05/25/2029 3.82% 6,160.09 0.00 6,160.09 0.00
Coupon 08/01/2025 3137FLN91 0.00 FHMS K-091 A2 3.505
03/25/2029 3.80% 7,506.54 0.00 7,506.54 0.00
Coupon 08/08/2025 037833EB2 0.00 APPLE INC 0.7
02/08/2026 0.71% 10,500.00 0.00 10,500.00 0.00
Coupon 08/14/2025 532457CQ9 0.00 ELI LILLY AND CO 4.2
08/14/2029 4.24% 68,775.00 0.00 68,775.00 0.00
City of Santa Barbara Managed | Account #11204 | As of August 31, 2025 Execution Time: 09/04/2025 05:46:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 08/15/2025 58768YAD7 0.00 MBALT 2025-A A3 4.61
04/16/2029 4.66% 5,205.46 0.00 5,205.46 0.00
Coupon 08/15/2025 171239AL0 0.00 CHUBB INA HOLDINGS
LLC 4.65 08/15/2029 4.47% 65,100.00 0.00 65,100.00 0.00 Coupon 08/15/2025 44935XAD7 0.00 HART 2025-B A3 4.36
12/17/2029 4.36% 3,742.33 0.00 3,742.33 0.00
Coupon 08/15/2025 92970QAJ4 0.00 WFCIT 2025-1 A 4.34
05/15/2030 4.33% 7,721.58 0.00 7,721.58 0.00
Coupon 08/15/2025 9128283W8 0.00 UNITED STATES TREASURY

2.75 02/15/2028 4.10% 68,750.00 0.00 68,750.00 0.00
Coupon 08/16/2025 362549AD9 0.00 GMCAR 2025-2 A3 4.28
04/16/2030 4.71% 2,318.33 0.00 2,318.33 0.00
Coupon 08/16/2025 14913UAQ3 0.00

CATERPILLAR FINANCIAL
SERVICES CORP 4.375
08/16/2029

4.40% 71,640.63 0.00 71,640.63 0.00
Coupon 08/16/2025 3133ENPB0 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

2.18 02/16/2027

2.18% 32,700.00 0.00 32,700.00 0.00
Coupon 08/20/2025 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.84% 4,732.67 0.00 4,732.67 0.00
Coupon 08/25/2025 096912AD2 0.00 BMWLT 2025-1 A3 4.43
06/26/2028 4.82% 2,510.33 0.00 2,510.33 0.00
Coupon 08/25/2025 3130ALAR5 0.00 FEDERAL HOME LOAN
BANKS 0.5 11/25/2025 0.50% 1,250.00 0.00 1,250.00 0.00
Coupon 08/26/2025 3136G4U92 0.00

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.6 08/26/2025

0.60% 12,000.00 0.00 12,000.00 0.00
Coupon 08/27/2025 74153WCU1 0.00

PRICOA GLOBAL
FUNDING I 4.4
08/27/2027

4.41% 77,000.00 0.00 77,000.00 0.00
Coupon 08/31/2025 91282CHX2 0.00 UNITED STATES TREASURY

4.375 08/31/2028 4.35% 43,750.00 0.00 43,750.00 0.00
Coupon 08/31/2025 91282CEB3 0.00 UNITED STATES TREASURY

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 08/31/2025 91282CGP0 0.00 UNITED STATES TREASURY

4.0 02/29/2028 4.06% 40,000.00 0.00 40,000.00 0.00
Coupon 08/31/2025 91282CLK5 0.00 UNITED STATES TREASURY

3.625 08/31/2029 3.53% 97,875.00 0.00 97,875.00 0.00
Coupon 08/31/2025 91282CCW9 0.00 UNITED STATES TREASURY

0.75 08/31/2026 1.00% 7,500.00 0.00 7,500.00 0.00
Total Coupon 0.00 835,815.44 0.00 835,815.44 0.00
Custody Fee 08/25/2025 CCYUSD (1,748.59) Cash 0.00% (1,748.59) 0.00 (1,748.59) 0.00 Total Custody Fee (1,748.59) (1,748.59) 0.00 (1,748.59) 0.00 Dividend 08/31/2025 31846V807 0.00 FIRST AMER:TRS OBG Y 3.89% 6,109.06 0.00 6,109.06 0.00 Total Dividend 0.00 6,109.06 0.00 6,109.06 0.00
Management Fee 08/08/2025 CCYUSD (10,144.50) Cash 0.00% (10,144.50) 0.00 (10,144.50) 0.00 Total
Management Fee (10,144.50) (10,144.50) 0.00 (10,144.50) 0.00 Principal Paydown 08/01/2025 3137FMCR1 2,697.93 FHMS K-093 A2 2.982 05/25/2029 3.82% 2,697.93 -- 2,697.93 0.01
Total Principal
Paydown 2,697.93 2,697.93 -- 2,697.93 0.01

TOTAL OTHER
TRANSACTIONS (9,195.16) 832,729.34 0.00 832,729.34 0.01 City of Santa Barbara Managed | Account #11204 | As of August 31, 2025 Execution Time: 09/04/2025 05:46:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; 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 GUARANTEE 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 LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest.

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

ENDING BALANCE AS OF Aug 31, 2025
Book
Description ValueRiver City Bank Lockbox Account 1,748,167 $ River City Bank ICS (Investment Account) 10,609,754Total Cash and Investments $ 12,357,921 August 31, 2025
ATTACHMENT 2

COMMUNITY CHOICE AGGREGATION (CCA)

CITY OF SANTA BARBARA
Summary of Cash and Investments
8/1/2025 to 8/31/2025

CITY OF SANTA BARBARA
PARS Post-Employment Benefits Trust
Account Summary
Source 8/1/2025 Contributions Earnings Expenses Distributions Transfers 8/31/2025 PENSION 1002 $2,581,275.17 $0.00 $46,240.42 $1,271.74 $0.00 $0.00 $2,626,243.85 Totals $2,581,275.17 $0.00 $46,240.42 $1,271.74 $0.00 $0.00 $2,626,243.85 Investment Selection
Source

PENSION
Investment Objective
Source

PENSION
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years PENSION 1.79% 5.41% 8.21% - - - 1/26/2024
Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250 www.pars.org Balance as of
The dual goals of the Moderate Strategy are growth of principal and income. It is expected that dividend and interest income will comprise a significant portion of total return, although growth through capital appreciation is equally important. The portfolio will be allocated between equity and fixed income investments.

Plan's Inception Date
Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Annualized Return
Investment Return: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year return.

Past performance does not guarantee future results. Performance returns may not reflect the deduction of applicable fees, which could reduce returns. Information is deemed reliable but may be subject to change.

Account Report for the Period
Balance as of
Moderate - Strategic Blend

CITY OF SANTA BARBARA

COUNCIL AGENDA REPORT
AGENDA DATE: September 30, 2025
TO: Mayor and Councilmembers
FROM: Finance Department
SUBJECT: Agreement for Employee Exposure Monitoring – Noise [Agreement] RECOMMENDATION:

That City Council approve and authorize the Finance Director to execute an agreement with Yorke Engineering to conduct noise level surveys at various employee worksite locations throughout the City over a period of four years, at a total cost not to exceed $150,000.

DISCUSSION:

Council created the Self-Insurance Fund (SIF) to administer workers' compensation and liability claims, coordinate the occupational safety and health program, and administer a comprehensive insurance portfolio to protect City assets. The occupational safety and health program conducts a variety of tasks to comply with OSHA safety mandates and eliminate or reduce loss exposures that may lead to injury or damages.

City staff use various types of tools and equipment to deliver services to the community. The Hearing Conservation Program protects City staff who perform work tasks in loud environments. Cal/OSHA requires an employer to identify when the noise level in a working environment exceeds specific parameters.

Yorke Engineering will conduct noise level testing at numerous locations over the next four fiscal years. The team from Yorke Engineering will outfit City staff with scientific equipment to measure noise levels. City staff will wear the gear while performing regular work tasks.

Yorke Engineering will submit a report at the completion of the noise level surveys each fiscal year. The reports will summarize the results and recommend specific actions based on the data.

Agenda Item No. 8
File Code No. 210.01
Council Agenda Report
Agreement for Employee Exposure Monitoring – Noise [Agreement] September 30, 2025

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The City periodically performs noise level surveys to identify hazards for staff. Tetra Tech, Inc., conducted the last noise level survey for the City in September 2001. The number and type of equipment, such as tools, and machinery used by staff has changed since the previous noise level survey conducted in 2001. The California Department of Industrial Relations, Division of Occupational Safety and Health (CalOSHA) requires that hearing protection is required for all staff exposed to noise decibel levels of 85 for an average 8-hour work shift. Conducting this survey will ensure compliance with this requirement. Staff plan to conduct a survey during a 10-year cycle, which is best practice.

SIF staff will use the noise level survey results to administer the Hearing Conservation Program. The noise level survey results will identify the noise hazards associated with specific tasks, identify the specific job classifications who must participate in the Hearing Conservation Program, and guide management teams in selecting the appropriate types of hearing protection for use by employees when performing work in loud environments.

BUDGET/FINANCIAL INFORMATION:

The Risk Management Division selected Yorke Engineering for this project after completing a formal Request for Proposal competitive bid process. The proposal from Yorke Engineering was the most complete and responsive.

The Self-Insurance Fund annual budget appropriated funds for this specific expense. The amount allocated in FY2026 for the noise level survey covers the full value of the expense.

The parties agree that payment in any fiscal year beyond the amount appropriated in Fiscal Year (FY) 2026 remains subject to Council budget approval and appropriation of funds in the annual fiscal year budget; and this contract may be terminated at no cost to the City, if Council does not appropriate funds toward this expense in any future fiscal year.

A copy of the contract/agreement may be requested from the Finance Department for public review by emailing [email protected].

PREPARED BY: Mark Howard, Risk Manager
SUBMITTED BY: Keith DeMartini, Finance Director
APPROVED BY: Kelly McAdoo, City Administrator

CITY OF SANTA BARBARA

COUNCIL AGENDA REPORT
AGENDA DATE: September 30, 2025
TO: Mayor and Councilmembers
FROM: City Administrator’s Office
SUBJECT: Community Development Director Employment Agreement [Agreement]
RECOMMENDATION:

That the City Council receive and confirm the employment agreement for Community Development Director.

DISCUSSION:

After the Community Development Director position became vacant in March 2025, Allison DeBusk, City Planner, took the helm of the department as Acting Community Development Director. Over the last seven months, Ms. DeBusk has demonstrated a deep understanding and knowledge of the City’s development processes and has led the department well. The City Administrator has appointed Ms. DeBusk as the new Community Development Director, effective September 30, 2025.

Pursuant to City Charter Section 604 (a), the City Administrator has the authority to appoint or remove department heads and employees of the City but she first must review the appointment with the City Council and receive approval for such appointment.

Ms. DeBusk brings over two decades of planning experience, including more than 20 years with the City of Santa Barbara. She has distinguished herself in positions of increasing responsibility, advancing from Assistant Planner to City Planner, demonstrating a deep commitment to public service and excellence in urban planning. Currently managing the Planning Division, she oversees zoning, development and environmental review, design review and historic preservation, and long-range planning. Ms. DeBusk has played a key role in shaping Santa Barbara’s built environment, having worked on transformative projects such as the Public Market, the Sandman Redevelopment (Estancia), the MOXI Museum, and the Montecito Country Club renovation. She has also led zoning ordinance amendments and co-authored the City’s Average Unit-Size Density (AUD) Progress Report.

Agenda Item No. 9
File Code No. 170.01
Council Agenda Report
Community Development Director Employment Agreement [Agreement] September 30, 2025

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Ms. DeBusk holds a Bachelor of Arts in Urban Studies and Planning from the University of California, San Diego, where she graduated with departmental honors. She also completed minors in Economics, Psychology, and Spanish Literature.

A copy of the Agreement may be requested from the City Administrator’s Office for public review by contacting Nicole Grisanti at [email protected].

FINANCIAL/BUDGET IMPACT
Adequate expenditure appropriation exists in Community Development’s operating budget in FY2026 to fund the employment agreement.

PREPARED AND
SUBMITTED BY: Rene Eyerly, Assistant City Administrator APPROVED BY: Kelly McAdoo, City Administrator

CITY OF SANTA BARBARA

COUNCIL AGENDA REPORT
AGENDA DATE: September 30, 2025
TO: Mayor and Councilmembers
FROM: Human Resources Department
SUBJECT: Approval of Benefit Plans Effective January 1, 2026 RECOMMENDATION: That Council:

DISCUSSION:

Each year, the City obtains renewal rates and new benefits for the benefit plans covering its eligible active and retired employees. These benefit plans include Medical, Dental, Vision, Employee Assistance Program (EAP), Health Flexible Spending Accounts (FSA), Dependent Care Flexible Spending Accounts (DCA-FSA), Term Life Insurance, and Disability Insurance programs. Staff coordinated this renewal process with the CalPERS Health Program and with the City’s benefits broker, USI Insurance Services. The Employee Benefits Committee (comprised of members from the various employee groups), have been apprised of the renewal information and the renewal rates. Staff recommend that the City renew its agreements with all current medical, dental, vision, term life, and disability insurance and EAP plan providers Medical Plans
The City joined CalPERS Health Program effective January 1, 2020, replacing direct contracts with private insurers such Aetna and Kaiser. The CalPERS Health Program allows the City to offer employees and retirees a variety of health plans that best fit their health care needs.

Agenda Item No. 10
File Code No. 430.06
Council Agenda Report
Approval of Benefit Plans Effective January 1, 2026
September 30, 2025

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The CalPERS Health Program offers several medical plans in Santa Barbara County including the Anthem Traditional HMO, Blue Shield Access+ and Blue Shield Trio HMO, PERS Gold PPO, PERS Platinum PPO and PORAC PPO for members of the Peace Officers Research Association of California. Further, employees who reside in Ventura County or Los Angeles County have access to additional plans such as the Anthem Select HMO, Kaiser Permanente HMO, UnitedHealthcare HMO, and HealthNet Salud y Mas HMO.

Under the CalPERS Health Benefits Program, retirees under the age of 65 have the same health plan options as active employees and at the same rates. Medicare-eligible retirees have several Medicare Supplement plan options.

Health premiums for Region 2, which includes Santa Barbara and Ventura County, overall will increase an average of 6.35% for the HMO plans and 11.97% for the PPO plans. The PORAC PPO plan, available only to members of the Peace Officer Research Association of California, will have an increase of 8.97%.

CalPERS’ health plans and premiums remain competitive as they are one of the largest purchasers of health insurance in the country. Staff worked with the USI Insurance Services “USI,” the City’s insurance broker, to test the open market at the beginning of 2025. USI received proposals only from Anthem Blue Cross and Health Net as other insurance providers such as Blue Shield, Aetna, and UnitedHealthcare declined to submit a proposal. Both Anthem Blue Cross and Health Net’s proposals were unfavorable compared to CalPERS health plan benefits as well as the 2026 health renewal premiums.

Anthem Blue Cross and Health Net’s proposal included only a single “narrow network” HMO plan and a single PPO plan. In addition, Anthem’s proposed premium for their HMO narrow plan for the City would have been approximately 5.88% higher than a comparable HMO plan from CalPERS for the 2026 plan year. Anthem’s proposed premium for their PPO plan would have been approximately 9.36% higher than a comparable PPO plan from CalPERS. Health Net’s proposed premiums for the HMO and the PPO plans, on average, were 33.75% higher than CalPERS 2026 rates.

Dental Plans
There are three dental plans available from which employees can select. They are the DeltaCare HMO plan, the Delta Dental DPO plan, and the Delta Dental Buy-Up DPO plan.

The Delta Dental DPO plans are similar to a medical PPO model plan in that they have a larger provider network, and it indemnifies the enrollees to select a provider of their choosing without the need to predesignate a primary care dentist. The DeltaCare HMO plan is similar to a medical HMO model plan with a small provider network, and the enrollee is required to select a primary care dentist within Delta’s network. For 2026, plan benefits and plan premiums for all three plans will remain unchanged. Rates for all three plans are displayed on Attachment 2.

Council Agenda Report
Approval of Benefit Plans Effective January 1, 2026
September 30, 2025

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Vision Plan
There are two vision plans available for employees to select from. They are the VSP Basic and VSP Buy-Up Option. Plan benefits and plan premiums for both vision plans remain unchanged for 2026.

Employee Assistance Program (EAP) – Employer Paid Fees
OptumHealth Behavioral Solutions provides outpatient psychological services for the City’s EAP. No increase is proposed for the 2026 EAP rate.

Flexible Spending Accounts (FSA) – Employer Paid Fees
The Health and Dependent Care Flexible Spending Accounts are administered by Discovery Benefits. No increases are proposed for the 2026 FSA fees.

Basic Life/AD&D and Disability Insurance – Employer Paid Premiums The Standard Insurance Company provides the Basic Term Life/Accidental Death & Dismemberment (AD&D) and Long-Term Disability Insurance plans. No increases are proposed for the 2026 rates from the Standard.

Employee and Spouse Supplemental Life Insurance Plans – Employee Paid Premiums The Standard Insurance Company provides the voluntary employee-paid supplemental Term Life Insurance plans offered to all benefited employees. No increases are proposed for the 2026 rates.

Short Term Disability Insurance Plan – Employee Paid Premiums The Standard Insurance Company provides voluntary employee-paid Short-Term Disability Insurance plans to employees in the Management, Fire Management and Police Management Groups. No increases are proposed for the 2026 rates.

Benefits Administration Fee
As of July 1, 2020, the City contracted with Benefit Coordinators Corporation (BCC) for online enrollment and electronic benefits administration. There is an administration fee of $7.20 per enrolled employee per month. The current agreement with the Benefits Administration vendor keeps those fees unchanged until June 30, 2027.

Summary
Staff recommend that the CalPERS Health Benefits Program along with the Delta Dental DPO plans, DeltaCare HMO plan, VSP Vision plans, Optum EAP, Discovery Benefits FSA’s, Standard Life/AD&D and Disability Insurance plans be renewed for 2026 at the proposed premium rates.

Proposed 2026 monthly rates for the CalPERS Health Benefits Program for Active employees and Retirees are listed in Attachment 1.

Council Agenda Report
Approval of Benefit Plans Effective January 1, 2026
September 30, 2025

Page 4 ends

Proposed 2026 monthly rates for Delta Dental PPO, Delta Dental Buy-up PPO plan, VSP Vision, VSP Buy-up plan, Optum EAP, Discovery Benefits FSA, Standard Life/AD&D and Disability Insurance Plans are listed in Attachment 2.

BUDGET/FINANCIAL INFORMATION:

Established City contribution amounts and employee pre-tax payroll deductions will fund the 2026 Plan Year (calendar year) estimated overall benefit premium increase.

ATTACHMENTS: 1. 2026 Medical Plans Monthly Premium Rates

2. 2026 Dental, Vision, Employee Assistance Program,
Flexible Accounts, Life and Disability Insurance Plan Monthly Premium Rates
PREPARED BY: Charlie Lam, Benefits Analyst II
SUBMITTED BY: Michael Arnoldus, Human Resources Director APPROVED BY: Kelly McAdoo, City Administrator
2025 and 2026 Health Plan Rates Attachment 1
Basic Premiums
Single 2-Party Family Single 2-Party Family
Anthem Blue Cross Select HMO $1,256.65 $2,513.30 $3,267.29 $1,336.29 $2,672.58 $3,474.35 Anthem Blue Cross Traditional HMO $1,500.40 $3,000.80 $3,901.04 $1,612.08 $3,224.16 $4,191.41 Blue Shield Access+ HMO $1,170.17 $2,340.34 $3,042.44 $1,301.95 $2,603.90 $3,385.07 Blue Shield Access+EPO $1,170.17 $2,340.34 $3,042.44 $1,301.95 $2,603.90 $3,385.07 Blue Shield Trio $1,134.79 $2,269.58 $2,950.45 $1,166.58 $2,333.16 $3,033.11 Kaiser Permanente $1,112.90 $2,225.80 $2,893.54 $1,168.86 $2,337.72 $3,039.04 Peace Officers Research Assoc. of CA (PORAC) $975.00 $2,218.00 $2,777.00 $1,063.00 $2,418.00 $3,027.00 PERS Gold $1,013.70 $2,027.40 $2,635.62 $1,120.58 $2,241.16 $2,913.51 PERS Platinum $1,476.10 $2,952.20 $3,837.86 $1,670.14 $3,340.28 $4,342.36 UnitedHealthcare SignatureValue Alliance $1,184.58 $2,369.16 $3,079.91 $1,290.06 $2,580.12 $3,354.16 UnitedHealthcare SignatureValue Harmony $1,005.02 $2,010.04 $2,613.05 $1,133.09 $2,266.18 $2,946.03 Western Health Advantage $914.27 $1,828.54 $2,377.10 $969.58 $1,939.16 $2,520.91 Anthem Blue Cross Select HMO $919.00 $1,838.00 $2,389.40 $1,016.32 $2,032.64 $2,642.43 Anthem Blue Cross Traditional HMO $1,110.97 $2,221.94 $2,888.52 $1,158.26 $2,316.52 $3,011.48 Blue Shield Access+ HMO $948.53 $1,897.06 $2,466.18 $1,052.89 $2,105.78 $2,737.51 Blue Shield Access+ EPO $948.53 $1,897.06 $2,466.18 $1,052.89 $2,105.78 $2,737.51 Blue Shield Trio $909.10 $1,818.20 $2,363.66 $936.58 $1,873.16 $2,435.11 Health Net Salud y Más 823.49+ $1,646.98 $2,141.07 $879.57 $1,759.14 $2,286.88 Kaiser Permanente $944.34 $1,888.68 $2,455.28 $987.69 $1,975.38 $2,567.99 Peace Officers Research Assoc. of CA (PORAC) $970.00 $1,951.00 $2,484.00 $1,057.00 $2,127.00 $2,708.00 PERS Gold $864.75 $1,729.50 $2,248.35 $956.28 $1,912.56 $2,486.33 PERS Platinum $1,258.76 $2,517.52 $3,272.78 $1,426.24 $2,852.48 $3,708.22 Sharp Performance Plus $868.45 $1,736.90 $2,257.97 $916.20 $1,832.40 $2,382.12 UnitedHealthcare SignatureValue Alliance $890.66 $1,781.32 $2,315.72 $950.99 $1,901.98 $2,472.57 UnitedHealthcare SignatureValue Harmony $819.64 $1,639.28 $2,131.06 $857.14 $1,714.28 $2,228.56 Anthem Blue Cross Select HMO $916.88 $1,833.76 $2,383.89 $962.68 $1,925.36 $2,502.97 Anthem Blue Cross Traditional HMO $1,065.46 $2,130.92 $2,770.20 $1,128.53 $2,257.06 $2,934.18 Blue Shield Access+ HMO $828.48 $1,656.96 $2,154.05 $917.90 $1,835.82 $2,386.57 Blue Shield Trio $738.11 $1,476.22 $1,919.09 $852.56 $1,705.12 $2,216.66 Health Net Salud y Más $714.40 $1,428.80 $1,857.44 740.11 $1,480.22 1924.29 Kaiser Permanente $926.52 $1,853.04 $2,408.95 $969.05 $1,938.10 $2,519.53 Peace Officers Research Assoc. of CA (PORAC) $970.00 $1,951.00 $2,484.00 $1,057.00 $2,127.00 $2,708.00 PERS Gold $868.15 $1,736.30 $2,257.19 $960.03 $1,920.06 $2,496.08 PERS Platinum $1,263.73 $2,527.46 $3,285.70 $1,431.81 $2,863.62 $3,722.71 UnitedHealthcare SignatureValue Alliance $866.40 $1,732.80 $2,252.64 $870.76 $1,741.52 $2,263.98 UnitedHealthcare SignatureValue Harmony $756.28 $1,512.56 $1,966.33 $765.51 $1,531.02 $1,990.33 2025 2026
Region 1 (Northern California counties such as Monterey, Napa, San Francisco, Santa Clara, Santa Cruz, etc.) Region 2 (Fresno, Imperial, Inyo, Kern, Kings, Madera, Orange, San Diego, San Luis Obispo, Santa Barbara, Tulare, and Ventura Counties) Region 3 (Los Angeles, Riverside and San Bernardino Counties) Attachment 2
2026 Dental, Vision, Employee Assistance Program, Flexible Spending Accounts, Disability and Life Insurance Plans Monthly Premium Rates PLAN CURRENT 2025 PROPOSED 2026
Delta Dental DPO Plan
Employee Only $51.18 $51.18
Employee and One Dependent $90.58 $90.58
Employee and Family $145.18 $145.18
Delta Dental Buy-Up DPO Plan
Employee Only $60.34 $60.34
Employee and One Dependent $106.80 $106.80
Employee and Family $171.18 $171.18
DeltaCare HMO Plan
Employee Only $15.57 $15.57
Employee and One Dependent $27.85 $27.85
Employee and Family $41.21 $41.21
Vision Service Plan (VSP)
Employee Only $6.93 $6.93
Employee and One Dependent $13.76 $13.76
Employee and Family $21.10 $21.10
Vision Service Plan (VSP) Buy-Up Plan
Employee Only $9.04 $9.04
Employee and One Dependent $17.95 $17.95
Employee and Family $27.52 $27.52
Optum Employee Assistance Program (City Paid)
Employee and Family $1.78 $1.78
Discovery Benefits Flexible Spending Accounts Administration Costs (City Paid) Health Care Account/Participant/Month $3.75 $3.75
Dependent Care Account/Participant/Month $3.75 $3.75
Electronic Payment Card/Participant/Month $0.00 $0.00
Grace Period Processing/Participant/Month $0.00 $0.00
Long Term Disability Insurance – Standard (City Paid)
All Employees except Police and Fire $0.29/$100 $0.29/$100 Short Term Disability Insurance – Standard (Voluntary Employee Paid) Managers $22.02 $22.02
Supervisors $19.82 $19.82
Police $15.14 $15.14
Basic Life AD&D Insurance – Standard (City Paid)
All Employees $0.100/$1,000 $0.100/$1,000
Supplemental Employee, Spouse & Child Life Insurance–Standard (Voluntary Employee Paid) Voluntary Employee and Spouse Life Insurance Rates/$10,000 Rates/$10,000 Up to and including age 29 $0.68 $0.68
Age 30-34 $0.86 $0.86
Age 35-39 $1.24 $1.24
Age 40-44 $1.90 $1.90
Age 45-49 $3.14 $3.14
Age 50-54 $5.24 $5.24
Age 55-59 $8.46 $8.46
Age 60-64 $11.12 $11.12
Age 65-69 $17.48 $17.48
Age 70
-74 $30.88 $30.88
Age 75 and older $51.50 $51.50
$2,000 Voluntary Child Life Insurance $0.33 $0.33
$5,000 Voluntary Child Life Insurance $0.55 $0.55
$10,000 Voluntary Child Life Insurance $0.89 $0.89

CITY OF SANTA BARBARA

COUNCIL AGENDA REPORT
AGENDA DATE: September 30, 2025
TO: Mayor and Councilmembers
FROM: Public Works Department
SUBJECT: Environmental Determination for the Eastside Active Transportation Improvements Project for Notice of Exemption
RECOMMENDATION:

That Council determines that the Santa Barbara Eastside Active Transportation Improvements Project meets the criteria for exemption under California Environmental Quality Act Guidelines Section 15301 Existing Facilities (c) and directs the filing of a Notice of Exemption in compliance with California Environmental Quality Act Guidelines 15062.

BACKGROUND:

On June 26, 2025, the California Transportation Commission awarded the Santa Barbara County Association of Governments (SBCAG) and Caltrans with a Senate Bill 1 (SB 1) grant in the amount of $134 million to support the completion of the U.S. 101 (Highway 101) Multimodal Corridor Project through Santa Barbara. The funding recommendation will complete the final Highway 101 Santa Barbara (north) segment and provide funding for several multimodal improvements including the Cabrillo Boulevard Rail, Bicycle, and Pedestrian Improvements and the Eastside Active Transportation Projects. Specifically, the SB 1 grant allocated $8,755,000 towards constructing the Eastside Active Transportation Improvements Project (Project).

PROJECT DESCRIPTION:

The Project will construct the following safety improvements in the City’s Eastside Neighborhood (see Attachment - Project Location Map):
 Safe Routes to School safety enhancements, including curb extensions, streetlighting and high visibility crosswalks at the following intersections:
o Montecito and Voluntario Streets;
o Montecito and Elizabeth Streets
o Montecito and Soledad Streets;
o Yanonali and Soledad Streets;
o Quinientos and Voluntario Streets;
o Quinientos and Soledad Streets;
Agenda Item No. 11
File Code No. 530.04
Council Agenda Report
Environmental Determination for the Eastside Active Transportation Improvements Project for Notice of Exemption
September 30, 2025

Page 2 ends

o Carpinteria and Soledad Streets;
o Hutash and Voluntario Streets;
o Canada and Hutash Streets; and
o Canada and Punta Gorda Streets.
*Other intersections may be included based on continued community engagement.  Cacique Street safety improvements, including curb extensions, pavement markings and streetlighting at Cacique and Canada Streets, and Cacique and Voluntario Streets.
 Salinas Street safety improvements, including a lighting corridor on Salinas Street from the five-points roundabout to the Highway 101 off ramp at Salinas Street, and curb extensions at the following intersections:
o Salinas Street and Salinas Place;
o Salinas and Clifton Streets;
o Salinas and Carpinteria Streets;
o Salinas and Hutash Streets; and
o Salinas and Pitos Streets.
 Sidewalk infill and streetlighting on the 200 Block of South Alisos Street from Cacique Street to Hutash Street.

COMMUNITY OUTREACH:

Community engagement for the Project is documented in the City’s 2024 Lower Eastside Community Connectivity Active Transportation Plan, the 2016 Bicycle Master Plan, the 2006 Pedestrian Master Plan, and Project-related community engagements from 2021 to the present. Most recently, community meetings were held online and in person on July 16, 2025, August 6, 2025, and August 7, 2025. On July 29, 2025, Council authorized the Memorandum of Understanding with the Santa Barbara County Association of Governments for the Santa Barbara Eastside Active Transportation Improvements Project.

BUDGET/FINANCIAL INFORMATION:

The Project’s design phase is primarily funded by SBCAG, with City matching funds to cover the remaining costs as shown in the table below:

DESIGN PHASE FUNDING SHARE BY PARTY
SBCAG CITY* TOTAL
$1,023,000 $550,000 $1,573,000
*Funds to be appropriated with the construction contract.

Staff plan to appropriate funds for the construction phase including the $8,755,000 in SB1 grant funds, when returning to City Council with the construction contract in the summer of 2026.

Council Agenda Report
Environmental Determination for the Eastside Active Transportation Improvements Project for Notice of Exemption
September 30, 2025

Page 3 ends

SUSTAINABILITY IMPACT:

The Project is consistent with the Council-adopted Vision Zero Strategy, Bicycle and Pedestrian Master Plans, Circulation Element, and Climate Action Plan. The Project will improve safety and accessibility for pedestrians and bicyclists and will contribute to the City’s sustainability goals by encouraging more people to walk and bike, thereby reducing energy consumption, traffic congestion, greenhouse gas emissions, and air pollution.

ENVIRONMENTAL REVIEW:

The Project was determined to qualify for an exemption under CEQA Guideline Section 15301 (also known as the “Class 1 Exemption”) covers the operation, repair, maintenance, or minor alteration of existing facilities involving no or negligible expansion of existing or former use. This Project meets the criteria of subdivision (c) as the new curb extensions, enhanced crosswalks, new rapid flashing beacons, and lighting will not result in an expansion of existing use.

For these reasons, the Public Works Director, exercising authority under SBMC §

22.100.080, has determined that the Project is exempt under CEQA. Council has final authority to approve the Project. Therefore, Council must confirm the exemption before Project approval and authorize the filing of a notice of exemption for the Project.

ATTACHMENT:

PREPARED AND
SUBMITTED BY:

APPROVED BY:

Project Location Map
Brian D’Amour, P.E., Public Works Director/JWG/MJB/nv
Kelly McAdoo, City Administrator

EASTSIDE ACTIVE TRANSPORTATION ATTACHMENT

IMPROVEMENTS PROJECT
LEGEND:

Proposed intersection improvement locations.

Santa Barbara City CouncilSeptember 30, 2025

Santa Barbara City Council
September 30, 2025