Agenda packet — City Council and Authorities Concurrent, April 29, 2025 (part 1 of 5)

Hybrid Meeting
City Hall Council Chambers/Virtual
1500 Warburton Avenue
Santa Clara, CA 95050
5:30 PMTuesday, April 29, 2025

Page 1 of 10 ends

• Via Zoom:
o https://santaclaraca.zoom.us/j/99706759306
Meeting ID: 997-0675-9306
o Phone 1(669) 900-6833
How to Submit Written Public Comment Before City Council Meeting:

1. Use the eComment tab located on the City Council Agenda page https://santaclara.legistar.com/Calendar.aspx). eComments are directly sent to the iLegislate application used by City Council and staff, and become part of the public record. eComment closes 15 minutes before the start of a meeting.

2. By email to [email protected] by 12 p.m. the day of the meeting. Those emails will be forwarded to the Council and will be uploaded to the City Council Agenda as supplemental meeting material. Emails received after the 12 p.m. cutoff time up through the end of the meeting will form part of the meeting record. Please identify the Agenda Item Number in the subject line of your email.

NOTE
: Please note eComments and Emails received as public comment will not be read aloud during the meeting.

Agendas, Staff Reports and some associated documents for City Council items may be viewed on the Internet at https://santaclara.legistar.com/Calendar.aspx All
public records relating to an open session item on this agenda, which are not exempt from disclosure pursuant to the California Public Records Act, that are distributed to a majority of the legislative body will be available for public inspection at the Office of the City Clerk at Santa Clara City Hall, 1500 Warburton Avenue,
Santa Clara, CA 95050 at the same time that the public records are distributed or made available to the legislative body. Any draft contracts, ordinances and resolutions posted on the Internet site or distributed in advance of the Council meeting may not be the final documents approved by the City Council.

For the final document, you may contact the Office of the City Clerk at (408) 615-2220 or [email protected].

Councilmembers Jain and Chahal will participate remotely from the following location:

Willard Hotel Fillmore Room, 1401 Pennsylvania Avenue, Washington DC 20004 Councilmember Gonzalez will participate remotely from the following location:

Capital Hilton, 1001 16th Street NW, Washington DC 20036 The City of Santa Clara is conducting City Council meetings in a hybrid manner (in-person and continues to have methods for the public to participate remotely).

City of Santa Clara
Joint Meeting Agenda of the
City Council and Authorities Concurrent &
Santa Clara Stadium Authority Board
Meeting Agenda April 29, 2025

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5:30 PM CLOSED SESSION
Call to Order in the Council Chambers
Confirmation of Quorum

1. Conference with Legal Counsel-Existing Litigation (CC) Pursuant to Gov’t Code § 54956.9(d)(1)
City of Santa Clara v. D.E. II Restaurants, Inc, Santa Clara County Superior Court Case No. 19CV340508
25-507
Public Comment
The public may provide comments regarding the Closed Session item(s) just prior to the Council beginning the Closed Session. Closed Sessions are not open to the public.

Convene to Closed Session (Council Conference Room)
7:00 PM JOINT CITY COUNCIL/STADIUM AUTHORITY BOARD MEETING Call to Order in the Council Chambers
Pledge of Allegiance and Statement of Values
Roll Call
REPORTS OF ACTION TAKEN IN CLOSED SESSION MATTERS HEARD ON 4/22/2025 AND 4/29/2025

CONTINUANCES/EXCEPTIONS/RECONSIDERATIONS

SPECIAL ORDER OF BUSINESS

2.A 25-454

2.B
Recognition of Funds Raised to Benefit Local Programs from the 2024 Santa Clara Historic Home Tour
Presentation
by Cultural Commission on Projects and Upcoming
Special Events
25-292

2.C 25-463 Proclamation of May 4-10, 2025 as Drinking Water Week Closed Session - 5:30 PM | Regular Meeting - 7:00 PM
Joint Council and Authorities Concurrent &
Stadium Authority Board Meeting
Meeting Agenda April 29, 2025

2.D Proclamation of May 1, 2025 as Law Day in the City of Santa Clara Including Recognition of the Katharine & George
Alexander Community Law Center at Santa Clara University for Their Contribution of Pro Bono Legal Services to the
Community.
25-430

CONSENT CALENDAR
[Items listed on the CONSENT CALENDAR are considered routine and will be adopted by one motion. There will be no separate discussion of the items on the CONSENT CALENDAR unless discussion is requested by a member of the Council, staff, or public. If so requested, that item will be removed from the CONSENT CALENDAR and considered under CONSENT ITEMS PULLED FOR DISCUSSION.]

3.A Board, Commissions and Committee Minutes25-08
Note and file the Minutes of:

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Joint Council and Authorities Concurrent &
Stadium Authority Board Meeting
Meeting Agenda April 29, 2025

3.B Action on Monthly Financial Status and Investment Reports for February 2025 and Approve the Related Budget Amendments 25-446

1. Note
and file the Monthly Financial Status Report
and Monthly Investment Report for February
2025 as presented; and

2. Approve the FY 2024/25 Budget Amendments in
the following funds (as detailed in the Fiscal
Impact Section of the staff report and Attachment
3 to the staff report):
a. In the General Fund, with a net impact of
$80,184;
b. In the Building Development Services Fund,
with a net impact of $0;
c. In the Convention Center Enterprise Fund,
with a net impact of $0;
d. In the Electric Utility Capital Fund, with a net
impact of $0;
e. In the Sewer Utility Fund, with a net impact of
$0;
f. In the Special Liability Insurance Fund, with a
net impact of $2,180,608; and
g. In the Vehicle Replacement Fund, with a net
impact of $83,636.

Recommendation:

3.C Action on the Appropriation of $102,849 in Asset Forfeiture Funds for FY 2024/25 and to Approve the Related Budget
Amendment and Spending Plan
25-400

1. Approve the appropriation of Asset Forfeiture
Funds in the amount of $102,849 pursuant to State
and federal Regulations;

2. Approve the described spending plan for a
combined total of $282,622 of FY 23/24 Operating
Grant Trust Funds and FY 24/25 Seized Asset
Funding; and

3. Approve the FY 2024/25 budget amendment in the
Police Operating Grant Trust Fund to recognize
seized asset funding in the amount of $102,849
and appropriate that funding to the Seized Asset
Funding program in the amount of $102,849 (five
affirmative Council votes required to
appropriate additional revenue).

Recommendation:

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Joint Council and Authorities Concurrent &
Stadium Authority Board Meeting
Meeting Agenda April 29, 2025

3.D Action on a Resolution to Authorize Business License Tax Adjustment for Annual Inflation Increase Effective July 1, 2025 25-367
Adopt a resolution authorizing the annual inflation
adjustment
for the Business License Tax, effective
July 1, 2025, as allowable under Santa Clara City
Code Section 3.40.160
Recommendation:

3.E Action on the Award of Purchase Orders to GE Grid Solutions, LLC
for Purchase of Additional Equipment and Services for
Silicon Valley Power’s GE JungleMux System
25-76

1. Authorize the City Manager or designee to issue
purchase orders to GE Grid Solutions, LLC on an
as-needed basis for a period of five years through
June 30, 2028, for a total maximum amount not to
exceed $5,000,000 for the purchase of equipment,
hardware, and software services for Silicon Valley
Power’s GE JungleMux system, subject to the
appropriation of funds and review and approval as
to form by the City Attorney; and

2. Authorize the City Manager or designee to (a) take
any actions as necessary to implement and
administer GE’s Terms and Conditions for Sale of
Products and Services and/or purchase orders,
and (b) negotiate and execute amendments to the
GE’s Terms and Conditions for Sale of Products
and Services or purchase orders, to (1) add or
delete services, (2) adjust future rates and terms
based on market conditions, and (3) make de
minimis revisions, subject to the above maximum
compensation limit and review and approval as to
form by the City Attorney.

Recommendation:

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Joint Council and Authorities Concurrent &
Stadium Authority Board Meeting
Meeting Agenda April 29, 2025

3.F Action on Amendment No. 1 to the Agreements with Advanced Lighting Services, Inc. and American Power Solutions, Inc. for Citywide LED Lighting Retrofit and Replacement for City Facilities and As-Needed Services
25-301

1. Authorize the City Manager or designee to execute
Amendment No. 1 to agreements with Advanced
Lighting Services, Inc. and American Power
Solutions, Inc. for citywide LED lighting retrofit and
replacement services, to increase the aggregate
maximum compensation by $441,046, from
$500,000 to a revised not-to-exceed amount of
$941,046, subject to the appropriation of funds
and review and approval by the City Attorney.

2. Approve the following FY 2024/25 budget
amendments:
a. In the Public Buildings Capital Fund, increase
the transfer from the General Fund Capital
Projects Reserve by $37,984 and increase the
Upgrade Lighting to LED Project by $37,984
(five affirmative Council votes required to
appropriate additional revenue); and
b. In the General Fund, increase the transfer to the
Public Buildings Capital Fund and decrease
the Capital Projects Reserve by $37,984 ( five
affirmative Council votes required for the
use of unused balances).

Recommendation:

3.G Action on a Resolution Establishing the Average Per-Acre Land Values and Park Development Costs to be Used in the
Calculation of Parkland In-Lieu Fees for New Residential Development for the FY 2025-26 Municipal Fee Schedule
25-365
Adopt a Resolution in accordance with Santa Clara
City
Code Chapter 17.35 establishing the average
per-acre land values and park development costs to
be used in the setting of parkland in-lieu fees for
residential development.

Recommendation:

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Joint Council and Authorities Concurrent &
Stadium Authority Board Meeting
Meeting Agenda April 29, 2025

3.H Action to Adopt a Resolution of Commitment as a Condition of the
Award from the Metropolitan Transportation Commission of Transit-Oriented Communities Implementation Grants
25-370

1. Adopt a Resolution of Commitment for the City’s
expenditure of technical assistance grant funds
and intent to adopt implementing policies related
to MTC’s Transit-Oriented Communities Policy;
and

2. Authorize the City Manager to execute all
documents related to accepting the technical
assistance grants in final forms approved by the
City Attorney.

Recommendation:

PUBLIC PRESENTATIONS
[This item is reserved for persons to address the Council or authorities on any matter not on the agenda that is within the subject matter jurisdiction of the City or Authorities. The law does not permit action on, or extended discussion of, any item not on the agenda except under special circumstances. The governing body, or staff, may briefly respond to statements made or questions posed, and appropriate body may request staff to report back at a subsequent meeting. Although not required, please submit to the City Clerk your name and subject matter on the speaker card available in the Council Chambers.]

CONSENT ITEMS PULLED FOR DISCUSSION

PUBLIC HEARING/GENERAL BUSINESS

4. Adopt Updated Definitions for Field User Categories and Field User
Priorities of Use and Adopt a Resolution Incorporating the Updated Recreation Fields and Turf Areas Reservations:

Practice & Games Fees into the Proposed FY 2025/26
Municipal Fee Schedule.
25-377

1. Adopt Updated Definitions for Field User
Categories and Field User Priorities of Use; and

2. Adopt a Resolution Incorporating the Updated
Recreation Fields and Turf Areas Reservations:

Practice & Games Fees into the Proposed FY
2025/26 Municipal Fee Schedule.

Recommendation:

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Joint Council and Authorities Concurrent &
Stadium Authority Board Meeting
Meeting Agenda April 29, 2025

5. Public Hearing: Action on the Adoption of the Proposed FY 2025/26 Municipal Fee Schedule
25-131

1. Adopt a resolution for the “City of Santa Clara
2025/26 Municipal Fee Schedule” which (a) sets
new fees, rates and charges (collectively “fees”);
(b) amends existing fees; and (c) deletes certain
fees; for various City departments effective on July
1, 2025, all in the form and at the rates presented
and attached hereto, modified as necessary to
accommodate Council action on field and turf use
fees (April 29, 2025, agenda report 25-377).

2. Authorize the consolidation of fire operational
permit fees for facilities with multiple operational
permits as allowable under the California Fire
Code 105.1.3.

Recommendation:

6. PUBLIC HEARING: Action on a General Plan Text Amendment for
the 2023-2031 Housing Element Sites Inventory List to
Remove the Development Site located at 4701 Patrick Henry Drive, commonly referred to as the “Great America Technology Park,” and to add the Development Site located at 3005
Democracy Way, commonly known as the “Mission Point” site. 25-481
Adopt a Resolution Amending the General Plan
Housing Element with revisions associated with
changes to the Housing Sites Inventory
Recommendation:

7. Adoption of a General Plan Amendment to Incorporate the Multi-Jurisdictional
Hazard Mitigation Program into the Safety
Element of the City's General Plan
25-443
Adopt a Resolution Approving a General Plan
Amendment
to incorporate the Santa Clara County
Multi-Jurisdictional Hazard Mitigation Plan (MJHMP)
and the City of Santa Clara Local Annex into the
subsection “Emergency Preparedness” of Section

5.10.5, “Safety Goals and Policies” of the City of
Santa Clara 2010-2035 General Plan.

Recommendation:

REPORTS OF MEMBERS, SPECIAL COMMITTEES AND COUNCILMEMBER 030

REQUESTS

CITY MANAGER/EXECUTIVE DIRECTOR REPORT

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Joint Council and Authorities Concurrent &
Stadium Authority Board Meeting
Council and Authorities Concurrent
Meeting
Meeting Agenda April 29, 2025

ADJOURNMENT
The next scheduled special meeting is on Tuesday, May 6, 2025 in the City Hall Council Chambers.

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Council and Authorities Concurrent
Meeting
Meeting Agenda April 29, 2025

MEETING DISCLOSURES
The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

STREAMING SERVICES: As always, the public may view the meetings on SantaClaraCA.gov, Santa Clara City Television (Comcast cable channel 15 or AT&T U-verse channel 99), or the livestream on the City’s YouTube channel or Facebook page.

Note: The public cannot participate in the meeting through these livestreaming methods; livestreaming capabilities may be disrupted at times, viewers may always view and participate in meetings in-person and via Zoom as noted on the agenda.

AB23 ANNOUNCEMENT: Members of the Santa Clara Stadium Authority, Sports and Open Space Authority and Housing Authority are entitled to receive $30 for each attended meeting.

Note: The City Council and its associated Authorities meet as separate agencies but in a concurrent manner. Actions taken should be considered actions of only the identified policy body.

LEGEND: City Council (CC); Stadium Authority (SA); Sports and Open Space Authority (SOSA); Housing Authority (HA); Successor Agency to the City of Santa Clara Redevelopment Agency (SARDA); Bayshore North Project Enhancement Authority (BNPEA); Public Facilities Financing Corporation (PFFC) Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] <mailto:[email protected]> or at the public information desk at any City of Santa Clara public library.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker." In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format. Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

Individuals who require an auxiliary aid or service for effective communication, or any other disability-related modification of policies or procedures, or other accommodation, in order to participate in a program, service, or activity of the City of Santa Clara, should contact the City’s ADA Coordinator at 408-615-3000 as soon as possible but no later than 48 hours before the scheduled event.

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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-507 Agenda Date: 4/29/2025

SUBJECT
Conference with Legal Counsel-Existing Litigation (CC)
Pursuant to Gov’t Code § 54956.9(d)(1)
City of Santa Clara v. D.E. II Restaurants, Inc, Santa Clara County Superior Court Case No. 19CV340508
City of Santa Clara Printed on 4/25/2025Page 1 of 1
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-454 Agenda Date: 4/29/2025

REPORT TO COUNCIL

SUBJECT
Recognition of Funds Raised to Benefit Local Programs from the 2024 Santa Clara Historic Home Tour

BACKGROUND
The Santa Clara Historic Home Tour began in 1978 to showcase unique homes in Santa Clara and to benefit local nonprofits. A few years later, the tour became an annual holiday event sponsored by the Historic Preservation Society of Santa Clara, with assistance from the Old Quad Residents’ Association. The proceeds from the tour are awarded to organizations that either promote historic preservation in Santa Clara or have supported the Santa Clara Historic Home Tour.

DISCUSSION
During the April 29, 2025, City Council meeting, the City Council will recognize the efforts of the Santa Clara Historic Home Tour and acknowledge their commitment to giving back to the local community.

Representative Sue Kozdon from the Santa Clara Historic Home Tour will present checks to the following recipients during the meeting:

1. Historic Preservation Society of Santa Clara for the Harris Lass Museum.

2. Santa Clara Woman's Club for projects to preserve their Adobe clubhouse.

3. Old Quad Residents' Association for their projects to preserve and promote the Old Quad neighborhood.

4. Santa Clara County Historical & Genealogical Society for their efforts to assist the library in preserving and maintaining the collections in the Central Park Library Heritage Pavilion or towards one of their historic preservation and digitization projects.

5. South Bay Historical Railroad Society for their Museum in the Santa Clara Railroad depot.

6. Santa Clara Senior Center for the Health & Wellness/Nutrition program.

7. Walsh Avenue Santa Clara Fire Museum.

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(b)(5) in that it is a governmental, organizational or administrative activity that will not result in direct or indirect changes in the environment.

FISCAL IMPACT
There is no fiscal impact to the City other than staff time.

City of Santa Clara Printed on 4/25/2025Page 1 of 2
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25-454 Agenda Date: 4/29/2025

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

Reviewed by: Aimee Escobar, Management Analyst, City Manager’s Office Approved by: Jovan D. Grogan, City Manager
City of Santa Clara Printed on 4/25/2025Page 2 of 2
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-292 Agenda Date: 4/29/2025

REPORT TO COUNCIL

SUBJECT
Presentation by Cultural Commission on Projects and Upcoming Special Events

COUNCIL PRIORITIES
Enhance Community Sports, Recreational and Arts Assets
Enhance Community Engagement and Transparency

BACKGROUND
The Cultural Commission selects and works on the completion of annual work plan goals that aim to support the Council Priorities. The FY 2024/25 goals include: (a) Host and enhance multicultural events to encourage and acquaint Santa Clara residents with cultural diversity; (b) Develop and encourage interactive art opportunities to provide temporary, performing, cultural, and public art in the City; (c) Raise visibility of commemorative month celebrations; (d) Enhance communication and media strategy to increase community awareness of the Cultural Commission; and (e) Prepare for Citywide Arts Master Plan process. The Cultural Commission activities completed this year include hosting an indoor sculpture exhibit at the Central Park Library, hosting the Halloween and Holiday Home Decorating Contests, providing a recommendation to the Council on the Rainbow Crosswalk Project, hosting five concerts in the park, and hosting the annual Street Dance.

DISCUSSION
The Cultural Commission will present a brief overview of the Commission’s accomplishments for FY 2024/25 including the winners of the Halloween and Holiday Home Decorating Contests, and images from Concerts in the Park and Street Dance.

The Commission is proud to announce the 2025 Concerts in the Park series, the band for the Street Dance, the “Call for Artists” for the Outdoor Temporary Sculpture Exhibition, and the selection of six more artists as we bring back the City Traffic Box Art program.

The Commission is in the process of developing a new work plan for FY 2025/26 that will continue to promote art and culture in the City of Santa Clara and is excited to support the City in the development of a citywide Arts Master Plan.

ENVIRONMENTAL REVIEW
This is an information report only. No action is being taken by the City Council, and no environmental review under the California Environmental Quality Act (“CEQA”) is required.

FISCAL IMPACT
There is no fiscal impact to the City for the report to Council other than staff time, which is allocated in the Parks & Recreation Department operating budget.

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25-292 Agenda Date: 4/29/2025

Prepared by: Kimberly Castro, Recreation Manager
Reviewed by: Damon Sparacino, Director of Parks & Recreation Approved by: Jovan D. Grogan, City Manager
City of Santa Clara Printed on 4/25/2025Page 2 of 2
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-463 Agenda Date: 4/29/2025

REPORT TO COUNCIL

SUBJECT
Proclamation of May 4-10, 2025 as Drinking Water Week

BACKGROUND
In 1988, the American Water Works Association (AWWA), along with the League of Women Voters, the Association of State Drinking Water Administrators, and the U.S. Environmental Protection Agency brought Drinking Water Week to the attention of legislators in Washington. Representative Robert Roe of New Jersey and Senator Dennis DeConcini of Arizona sponsored Senate Joint Resolution 185, which was signed by then President Ronald Reagan on May 3, 1988.

Since then, Drinking Water Week has been celebrated the first full week of May each year to recognize the efforts of the men and women who ensure that the public has high quality, potable water to drink. It also recognizes the importance of a safe and reliable supply of potable water to a region’s economy and quality of life.

DISCUSSION
The City of Santa Clara Water & Sewer Utilities staff is comprised of approximately 79 full-time and temporary administrators, engineers, compliance, and field staff who work tirelessly to fulfill its mission to provide our community with high-quality, reliable, economical and environmentally sustainable water in a manner that protects these resources for future generations of Santa Clarans.

This dependable source of drinking water is one of the factors that makes Santa Clara a great place to live and work.

As a thank you to our valuable water and sewer staff for their hard work and commitment to public service, and on behalf of the Santa Clarans they represent, we advocate for the declaration of May 4- 10, 2025, as Drinking Water Week in Santa Clara.

ENVIRONMENTAL REVIEW
This is an informational report only and no action is being taken by the City Council and no environmental review under the California Environmental Quality (“CEQA”) is required

FISCAL IMPACT
There is no fiscal impact for this action other than the cost of staff time.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s City of Santa Clara Printed on 4/25/2025Page 1 of 2
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25-463 Agenda Date: 4/29/2025
Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

Reviewed by: Gary Welling, Director, Water & Sewer Utilities Approved by: Jovan D. Grogan, City Manager

ATTACHMENTS

1. Drinking Water Week Proclamation
City of Santa Clara Printed on 4/25/2025Page 2 of 2
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125! d&l
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WHEREAS,

WHEREAS,
water is our most valuable natural resource; and
drinking water serves a critical role in our daily life - essential to health, hydration and hygiene; and tap water is integral to public health and fire protection, support for our economy and the quality of life we enjoy; and citizens of our city are called upon to help protect our source waters from pollution and practice water conservation as we are all stewards of the water infrastructure that current and future generations rely upon; and drinking water week serves to remind citizens of the hard work performed by the entire public water sector, designing capital projects, operators ensuring the safety and quality of drinking water or a member of a pipe crew maintaining the infrastructure communities rely on to transport high quality drinking water from its source to consumers' taps.

NOW, THEREFORE, I, LISA M. GILLMOR, by virtue of the authority vested in me as Mayor, and on behalf of the entire City Council, do hereby proclaim May 4 - I 0, 2025 as

DRINKING WATER WEEK
in the City of Santa Clara and do hereby urge all citizens to recognize the vital role water plays in our daily lives.

Given under my hand and the Seal of the City of Santa Clara, California, this 29th day of April 2025.

KELLYG.COX
VICE MAYOR, DISTRICT 6

KAREN HAR
COUNCILMEMBER, DISTRICT 3
LISA M. GILLMOR

MAYOR, CITY OF SANTA CLARA
._A.A),-:::):' ~~

ALBERT GONZALEZ

COUNCILMEMBER, DISTRICT I
~~

KEVIN PARK
COUNCILMEMBER, DISTRICT 4
~r:z
COUNCILMEMBER, DISTRICT 2
~ SUDS JAIN
COUNCILMEMBER, DISTRICT 5
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-430 Agenda Date: 4/29/2025

REPORT TO COUNCIL

SUBJECT
Proclamation of May 1, 2025 as Law Day in the City of Santa Clara Including Recognition of the Katharine & George Alexander Community Law Center at Santa Clara University for Their Contribution of Pro Bono Legal Services to the Community.

BACKGROUND
Law Day, held annually on May 1st, is a national day to honor the rule of law and reflect on the way law and the legal process contribute to the freedoms that all Americans share.

The idea for Law Day began in 1957, when American Bar Association president Charles S. Rhyne envisioned a day to celebrate the United States legal system. The following year, President Dwight D.

Eisenhower established Law Day to honor the principles of government under law. The president of the United States has issued a proclamation for Law Day annually since 1958. In 1961, Congress designated May 1st as Law Day.

The 2025 Law Day theme, “The Constitution’s Promise: Out of Many, One” recognizes the Constitution as a framework for government that unites the American people as one citizenry. This year’s theme encourages individuals to explore and renew their duties to one another under the Constitution and the country’s democratic norms.

DISCUSSION
On April 29, 2025, it is proposed that the City Council proclaim May 1, 2025 as Law Day in the City of Santa Clara. As part of this, the Katharine & George Alexander Community Law Center at Santa Clara University will be recognized for the pro bono legal services it provides to the community in the areas of immigration, consumer protection and worker’s rights laws.

ENVIRONMENTAL REVIEW
This item does not constitute a “project” under the California Environmental Quality Act ("CEQA"), therefore no environmental review is required.

FISCAL IMPACT
There is no fiscal impact to the City other than staff time.

Reviewed by: Glen R. Googins, City Attorney
Approved by: Jovan D. Grogan, City Manager

ATTACHMENTS

1. Proclamation of May 1, 2025 as Law Day in the City of Santa Clara City of Santa Clara Printed on 4/25/2025Page 2 of 2
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City of SantaClara

WHEREAS, Law Day is “a day of national dedication to the principles of government under law,” as stated by President Dwight D. Eisenhower, who established the first nationwide commemoration in 1958; and

WHEREAS, The 2025 Law Day theme, “The Constitution’s Promise: Out of Many, One” recognizes the Constitution as a framework for governm ent that unites the American people as on citizenry; and

WHEREAS, This year’s theme encourages individuals to explore and renew their duties to one another under the Constitution and the country’s democratic norms.

NOW, THEREFORE, I, LISA M. GILLMOR, by virtue of the authority vested in me as Mayor, and on behalf of the entire City Council, do hereby proclaim May 1st 2025 as

LAW DAY

in the City of Santa Clara and call upon all residents to use this occasion to acknowledge the importance of our legal and judicial systems and preserve and strengthen the rule of law. Consistent with this spirit of acknowledgement, the City Council also recognizes with great appreciation the work of the Katharine & George Alexander Community Law Foundation at Santa Clara University to provide pro bono legal services to the community in the areas of immigration, consumer protection and worker’s rights.

Given under my hand and the Seal of the City of Santa Clara, California, this 29TH day of April 2025.

LISA M. GILLMOR

MAYOR, CITY OF SANTA CLARA

KELLY G. COX
VICE MAYOR, DISTRICT 6

ALBERT GONZALEZ
COUNCILMEMBER, DISTRICT 1

RAJ CHAHAL
COUNCILMEMBER, DISTRICT 2

KAREN HARDY
COUNCILMEMBER, DISTRICT 3

KEVIN PARK
COUNCILMEMBER, DISTRICT 4

SUDS JAIN
COUNCILMEMBER, DISTRICT 5
Proclamation

City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-08 Agenda Date: 4/29/2025

REPORT TO COUNCIL

SUBJECT
Board, Commissions and Committee Minutes

COUNCIL PILLAR
Enhance Community Engagement and Transparency

RECOMMENDATION
Note and file the Minutes of:

Historical and Landmarks Commission - March 6, 2025
Cultural Commission - March 3, 2025
Board of Library Trustees - March 3, 2025
Planning Commission - March 19, 2025
Parks & Recreation Commission - February 10, 2025
Parks & Recreation Commission - March 10, 2025
Youth Commission - March 11, 2025
City of Santa Clara Printed on 4/25/2025Page 1 of 1
powered by Legistar™
City of Santa Clara
Meeting Minutes
Historical & Landmarks Commission
Draft
6:00 PM Hybrid Meeting
City Hall Council
Chambers/Virtual
1500 Warburton Avenue
Santa Clara, CA 95050
03/06/2025
REVISED AGENDA: RTC 25-120 HAS BEEN UPDATED
The City of Santa Clara is conducting the Historical and Landmarks Commission meeting in a hybrid manner (in-person and methods for the public to participate remotely) • Via Zoom:
o https://santaclaraca.zoom.us/j/97233262035 or
o Phone: 1 (669) 900-6833
Webinar ID: 972 3326 2035
Public Comments prior to meeting may be submitted via email to [email protected] no later than noon on the day of the meeting.

Clearly indicate the project address, meeting body, and meeting date in the email.

PUBLIC PARTICIPATION IN ZOOM WEBINAR:

Please follow the guidelines below when participating in a Zoom Webinar:
- The meeting will be recorded so you must choose 'continue' to accept and stay in the meeting.
- If there is an option to change the phone number to your name when you enter the meeting, please do so as your name will be visible online and will be used to notify you that it is your turn to speak.
- Mute all other audio before speaking. Using multiple devices can cause an audio feedback. - Use the raise your hand feature in Zoom when you would like to speak on an item and lower when finished speaking. Press *9 to raise your hand if you are calling in by phone only. - Identify yourself by name before speaking on an item. - Unmute when called on to speak and mute when done speaking. If there is background noise coming from a participant, they will be muted by the host. Press *6 if you are participating by phone to unmute.
- If you no longer wish to stay in the meeting once your item has been heard, you may leave the meeting.

Page 1 ends

03/06/2025Historical & Landmarks Commission Meeting Minutes

CALL TO ORDER AND ROLL CALL
Chair Leung called the meeting to order at 6:01 p.m.

Commissioner Michael Celso , Chair Patricia Leung, Commissioner Kathleen Romano, and Vice Chair Ana Vargas-Smith
Present 4 -
Commissioner Amy Kirby, Commissioner Ed Stocks, and
Commissioner Yvonne Inciarte
Absent 3 -
A motion was made by Commissioner Romano, seconded by
Commissioner Celso, to excuse Commissioner Kirby,
Commissioner Stocks, and Commissioner Inciarte.

Aye: Commissioner Celso, Chair Leung, Commissioner Romano, and Vice Chair Vargas-Smith
4 -
Excused: Commissioner Kirby, Commissioner Stocks, and Commissioner Inciarte
3 -

CONSENT CALENDAR

1.A 25-314 Historical and Landmarks Commission Meeting Minutes of October 3, 2024 - Continued from February 6, 2025 Meeting
Recommendation: Approve the Historical and Landmarks Commission Meeting Minutes of the October 3, 2024 Meeting.

The October 3, 2024 Meeting Minutes were continued to April 6, 2025 due to a quorum not present at the time the item was heard.

1.B 25-315 Historical and Landmarks Commission Meeting Minutes of February 6, 2025
Recommendation: Approve the Historical and Landmarks Commission Meeting Minutes of the February 6, 2025 Meeting.

A motion was made by Commissioner Romano, seconded by
Commissioner Celso, to approve Items 1.B and 1.C. on the Consent Calendar.

Aye: Commissioner Celso, Chair Leung, Commissioner Romano, and Vice Chair Vargas-Smith
4 -
Excused: Commissioner Kirby, Commissioner Stocks, and Commissioner Inciarte
3 -

Page 2 ends

03/06/2025Historical & Landmarks Commission Meeting Minutes

1.C 25-216 Action on Draft Certified Local Government (CLG) 2023-2024 Annual Report
Recommendation: Recommend that the Commission review and take action to approve the Draft Certified Local Government (CLG) 2023-2024 Annual Report.

A motion was made by Commissioner Romano, seconded by
Commissioner Celso, to approve Items 1.B and 1.C. on the Consent Calendar.

Aye: Commissioner Celso, Chair Leung, Commissioner Romano, and Vice Chair Vargas-Smith
4 -
Excused: Commissioner Kirby, Commissioner Stocks, and Commissioner Inciarte
3 -

PUBLIC PRESENTATIONS
None.

GENERAL BUSINESS

2. 24-1252 PUBLIC HEARING: Recommendation on the Architectural Review (PLN24-00605) of the Proposed Construction of an 1,817 square-foot Three Bedroom, Two-Bathroom Residence with an Attached Two Car Garage and Accessory Dwelling Unit (ADU) Located at 645 Jackson Street, within 200 Feet of a Historic Resource Inventory Property.

Recommendation:

Recommend that the Historical and Landmarks Commission find that the proposed project located at 645 Jackson Street will not destroy or have a significant adverse effect on the integrity of the Historic Resource Inventory property within 200 feet at 610 and 690 Jackson Street that the proposed construction is compatible with the surrounding neighborhood and recommend approval of the Architectural Review at the Development Review Hearing.

Associate Planner, Daniel Sobczak, provided the staff presentation.

Homeowner Ruby Hao spoke about the project.

Public Speakers:

Lori Jain
A motion was made by Commissioner Romano, seconded by
Commissioner Celso, to close public hearing.

Aye: Commissioner Celso, Chair Leung, Commissioner Romano, and Vice Chair Vargas-Smith
4 -

Page 3 ends

03/06/2025Historical & Landmarks Commission Meeting Minutes Excused: Commissioner Kirby, Commissioner Stocks, and Commissioner Inciarte
3 -
A motion was made by Commissioner Romano, seconded by
Commissioner Celso, to approve staff recommendation.

Aye: Commissioner Celso, Chair Leung, Commissioner Romano, and Vice Chair Vargas-Smith
4 -
Excused: Commissioner Kirby, Commissioner Stocks, and Commissioner Inciarte
3 -

3. 25-120 PUBLIC HEARING: Recommendation on the Architectural Review of (PLN24-00460) for a Demolition of the Existing Single-Family Residence and Construction of a 2,274 Square-Foot Four-Bedroom, Three-and-half Bathroom Two-Story Residence with an Attached Two-Car Garage located at 520 Hilmar Street within 200 Feet of Historic Properties.

Recommendation: Recommend that the Historical and Landmarks Commission find that the proposed project located at 520 Hilmar Street will not destroy or have a significant adverse effect on the integrity of the HRI listed properties within 200 feet at 530-560 Hilmar Street; that the construction is compatible with the surrounding neighborhood and recommend approval of the Architectural Review at the Development Review Hearing.

Chair Leung moved Item 3 to be the first item heard under General Business.

Senior Planner, Steve Le, provided the staff presentation.

Homeowner Thanh Nguyen provided the applicant presentation.

Public Speakers:

Shellie and Jason Barber
Project Historian, Kara Brunzel
Mark Kelsey
A motion was made by Commissioner Romano, seconded by
Commissioner Celso, to close public hearing.

Aye: Commissioner Celso, Chair Leung, Commissioner Romano, and Vice Chair Vargas-Smith
4 -
Excused: Commissioner Kirby, Commissioner Stocks, and Commissioner Inciarte
3 -

Page 4 ends

03/06/2025Historical & Landmarks Commission Meeting Minutes A motion was made by Commissioner Romano, seconded by
Commissioner Celso, to continue this item to the April 3, 2025 Historical Landmarks Commission meeting, with recommendation to reduce the scale of the second story.

Aye: Commissioner Celso, Chair Leung, Commissioner Romano, and Vice Chair Vargas-Smith
4 -
Excused: Commissioner Kirby, Commissioner Stocks, and Commissioner Inciarte
3 -

4. 25-229 Historical and Landmarks Commission Workplan Fiscal Year 2025/2026 Recommendation: There is no staff recommendation.

A motion was made by Commissioner Celso, seconded by
Commissioner Vargas-Smith, to approve the Historical and Landmarks Commission Workplan Fiscal Year 2025/2026.

Aye: Commissioner Celso, Chair Leung, Commissioner Romano, and Vice Chair Vargas-Smith
4 -
Excused: Commissioner Kirby, Commissioner Stocks, and Commissioner Inciarte
3 -

5. 25-262 2024-2025 Mills Act Audit Update
Principal Planner, Rebecca Bustos, provided the presentation.

6. 25-228 Historical Preservation Month 2025 Banner Project Recommendation: There is no staff recommendation.

Commissioner Vargas-Smith provided the presentation.

A motion was made by Commissioner Romano, seconded by
Commissioner Vargas-Smith, to approve the Historical Preservation Month 2025 Banner Project with: (1) the budget increased to $3500, (2) the addition of three new banners (for a total of 13), and to allow the Banner Subcommittee to approve the final design for the three new banners.

Aye: Commissioner Celso, Chair Leung, Commissioner Romano, and Vice Chair Vargas-Smith
4 -
Excused: Commissioner Kirby, Commissioner Stocks, and Commissioner Inciarte
3 -

Page 5 ends

03/06/2025Historical & Landmarks Commission Meeting Minutes

STAFF REPORT

1. Training and Travel Request
Commissioner Inciarte, Commissioner Vargas-Smith, and
Commissioner Romano, confirmed they will attend the 2025 California Preservation Conference.

COMMISSIONERS REPORT
Subcommittee Reporting - 20 minutes
Board/Committee Lead/Alternate Santa Clara Arts and Historic Consortium Vargas-Smith / Romano Historic Preservation Society of Santa Clara Vargas-Smith / Leung Old Quad Residents Association Leung Development Review Hearing Romano /Vargas-Smith BART/ High Speed Rail/ VTA BRT Committee Vargas-Smith/ Leung El Camino Real Specific Plan Community Advisory Committee Leung Downtown Precise Plan Vargas-Smith/Stocks Santa Clara Station Area Task Force Leung/Stocks

ADJOURNMENT
A motion was made by Commissioner Romano, seconded by
Commissioner Vargas-Smith, to adjourn the meeting at 8:50 p.m.

Aye: Commissioner Celso, Chair Leung, Commissioner Romano, and Vice Chair Vargas-Smith
4 -
Excused: Commissioner Kirby, Commissioner Stocks, and Commissioner Inciarte
3 -
The next regular scheduled meeting is on Thursday, April 3, 2025 at 6 p.m.

MEETING DISCLOSURES

Page 6 ends

03/06/2025Historical & Landmarks Commission Meeting Minutes The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker."
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format.

Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

Page 7 ends

City of Santa Clara
Meeting Minutes
Cultural Commission
Draft
7:00 PM Hybrid Meeting
Santa Clara Senior Center
Room 205
1303 Fremont Street
Santa Clara, CA 95050
03/03/2025
The City of Santa Clara is conducting the Cultural Commission meeting in a hybrid manner (in-person and a method for the public to participate remotely).

Via Zoom:
https://santaclaraca.zoom.us/j/82207705371
Meeting ID: 822 0770 5371
Or join by phone: 669-900-6833

CALL TO ORDER AND ROLL CALL
Vice-Chair Diaz called the meeting to order at 7:02 PM
Vice Chair Candida Diaz, Commissioner Debra von Huene,
Commissioner Louis Samara, and Commissioner Neetu Garg
Present 4 -
Commissioner Abinas Roy, and Chair Jonathan MarinaroAbsent 2 - A motion was made by Commissioner von Huene and seconded by Commissioner Garg to excuse Commissioner Roy and Chair
Marinaro.

Aye:

Vice Chair Diaz, Commissioner von Huene, Commissioner
Samara, and Commissioner Garg
4 -
Excused: Commissioner Roy, and Chair Marinaro2 -

CONSENT CALENDAR

Page 1 ends

03/03/2025Cultural Commission Meeting Minutes

1. 25-277 Action on Cultural Commission Regular Minutes of February 6, 2025 Recommendation: Approve the Cultural Commission Regular Meeting Minutes of February 6, 2025
A motion was made by Commissioner Samara and seconded by Commissioner von Huene to approve the minutes from the regular meeting of February 3, 2025.

Aye:

Vice Chair Diaz, Commissioner von Huene, Commissioner
Samara, and Commissioner Garg
4 -
Excused: Commissioner Roy, and Chair Marinaro2 -

PUBLIC PRESENTATIONS
None.

GENERAL BUSINESS

2. 25-278 Discussion and Development of Cultural Commission Work Plan Goals and Activities for FY 2025/26
Recommendation: Discuss and Develop Cultural Commission Work Plan Goals and

3. 25-279
Objectives for FY 2025/26.

This item was discussed and introduced, no action was taken.

Discussion and Updates of the Cultural Commission’s Work Plan Goals and Objectives for FY 2024/25 and FY 2025/26
This item was discussed and Commissioners reported on their progress made on the workplan items. No action was taken on this item.

Page 2 ends

03/03/2025Cultural Commission Meeting Minutes

STAFF REPORT
Recreation Manager Castro shared that the Commissioners should have already received notice for a training AB 1234 Open Government and Ethics Training, March 17, 2025 5:00-8:30 p.m. Commissioner vacancies are scheduled to be noticed to the Council on March 11, which will begin the open application process for all Commission vacancies in the City.

Spring and s
ummer recreation class registration is now open, time to sign up for great programs and activities and mark your calendars for the 2025 series of outdoor special events. Wizard of Oz tickets are on sale for the show in late March. The City has on-boarded a ticketing vendor for performances. Tickets will move to this new platform in the summer.

Volunteers are being recruited for Kindness Ambassadors to support programs and activities in the Magical Bridge Playground. Manager Castro introduced Recreation Supervisor Robin Shaddle to the Commission and shared that she will now be attending and supporting Commission activities.

COMMISSIONERS REPORT

ADJOURNMENT
Commissioner von Huene shared that she sang with the Santa Clara Chorale for two great performances, March 1 & 2. The theme of the performance was "Where the Wild Things Are"
Vice-Chair Diaz shared that while on a college tour for her child she recognized and enjoyed a lot of public art on college campuses.

The next regular meeting of the Cultural Commission is scheduled for April 7, 2025.

A motion was made by Commissioner von Huene and seconded by Commissioner Samara to adjourn the meeting at 7:57 PM.

Aye: Vice Chair Diaz, Commissioner von Huene, Commissioner Samara, and Commissioner Garg
4 -
Excused: Commissioner Roy, and Chair Marinaro2 -

MEETING DISCLOSURES

Page 3 ends

03/03/2025Cultural Commission Meeting Minutes
The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker."
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format.

Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

Page 4 ends

City of Santa Clara
Meeting Minutes
Board of Library Trustees
Board
Approved
6:00 PM Hybrid Meeting, Edinger Room
Central Park Library
2635 Homestead Rd, Santa Clara, CA 95051
03/03/2025
The City of Santa Clara is conducting the Board of Library Trustees meeting in a hybrid manner (in- person and continues to have methods for the public to participate remotely). • Via Zoom:
o https://santaclaraca-gov.zoom.us/j/85864257230
Meeting ID: 858 6425 7230 or
o Phone: 1(669) 900-6833
PUBLIC PARTICIPATION IN ZOOM WEBINAR: Please follow the guidelines below when participating in a Zoom Webinar:
- The meeting will be recorded so you must choose 'continue' to accept and stay in the meeting. - If there is an option to change the phone number to your name when you enter the meeting, please do
so as your name will be visible online and will be used to notify you that it is your turn to speak. -
Mute all other audio before speaking. Using multiple devices can cause an audio feedback. - Use the raise your hand feature in Zoom when you would like to speak on an item and lower when finished speaking. Press *9 to raise your hand if you are calling in by phone only. - Identify yourself by name before speaking on an item. - Unmute when called on to speak and mute when done speaking. If there is background noise coming from a participant, they will be muted by the host. Press *6 if you are participating by phone to unmute. - If you no longer wish to stay in the meeting once your item has been heard, please exit the meeting.

CALL TO ORDER AND ROLL CALL
Chair Evans called the meeting to order at 6:04 PM.

A motion was made by Trustee Huynh, seconded by Trustee Mohammed, to excuse Trustee Tryforos.

Page 1 ends

DRAFT
03/03/2025Board of Library Trustees Meeting Minutes
Chair Evans, Trustee Huynh, Trustee Mohammed, and Vice-Chair RicossaAye: 4 - Excused: 1 - Trustee Tryforos

CONSENT CALENDAR
1 25-290 Action on the Board of Library Trustees Meeting Minutes of February 3, 2025 Recommendation: Approve the Board of Library Trustees Meeting Minutes of February 3, 2025 A motion was made by Vice-Chair Ricossa, seconded by Trustee Huynh, to approve Staff Recommendation.

Aye: Chair Evans, Trustee Huynh, Trustee Mohammed, and Vice-Chair Ricossa4 - Excused: 1 - Trustee Tryforos

PUBLIC PRESENTATIONS

GENERAL BUSINESS
2 25-288 Discussion and Action on Work Plan Goals and Activities for Calendar Year (CY) 2025
Recommendation: Discuss and approve the Board of Library Trustees Accomplishments and Work Plan goals, priorities and activities for calendar year 2025.

The Board engaged in discussion and revision of accomplishments and work plan goals and priorities, to prepare an annual work plan. A draft work plan and list of accomplishments was completed. It was agreed to request staff confirm and update Trustee Tryforos's liaison assignments with her before finalizing, as she was excused for the March 3, 2025 meeting. Staff were requested to confirm final edits with a sub-committee consisting of Chair Evans and Vice- Chair Ricossa, remove dates from the list of accomplishments, and then proceed with finalizing and sharing the contents with appropriate city staff to prepare for review with Council.

A motion was made by Trustee Mohammed, seconded by Vice-Chair Ricossa, to approve the accomplishments and work plan, and to authorize a sub-committee of Chair Evans and Vice-Chair Ricossa to approve updates to the accomplishments and work plan from Trustee Tryforos.

Aye: Chair Evans, Trustee Huynh, Trustee Mohammed, and Vice-Chair Ricossa4 -

Page 2 ends

DRAFT
03/03/2025Board of Library Trustees Meeting Minutes
Excused: 1 - Trustee Tryforos

Page 3 ends

DRAFT
03/03/2025Board of Library Trustees Meeting Minutes

STAFF REPORT
City Librarian Wong informed the Board that the recently approved Collection Development Policy would need to receive minor updates to include language required by the California Freedom to Read Act
(AB1825).

The Board received an update with photos showing the success of the Read- Aloud-a-Thon event held at the Library, including photos.

The Board was informed that the Santa Clara City Library Foundation and Friends would be tabling at the first Library Day at Oracle Park, an effort by the San Francisco Giants to spotlight Bay Area libraries. Scheduled for April 7, 2025, Library Day is anticipated to include a PSA shown on the big screen during the Giants game, library card sign ups in the community clubhouse, and fundraising opportunities for Library Friends' groups.

Staff shared that the Library would be closed for a half-day on April 8, 2025 for a staff development opportunity titled Verbal Judo Training, in coordination with the Pacific Library Partnership, Sunnyvale Public Library, and Santa Clara County Libraries.

National Library Week takes place April 6-12, 2025, and the Board was reminded that on April 8, 2025 City Librarian Wong and Chair Evans will
receive a National Library Week Proclamation at the City Council meeting on behalf of the Library. Board members were invited to attend.

It was shared that City Council will be holding a Priority Setting Session at Central Park Library on April 3, 2025.

The Foundation's annual fundraiser to support the Library, Librarypalooza:

Unlocking Future Stories was announced, scheduled to be held at the Triton Museum of Art on April 5, 2025.

City Librarian Wong provided an update on the success of the new Sunday hours at Central Park Library. Statistics show an increase in visitors, from approximately 800 on the first open Sunday on January 26, 2025, to approximately 1,200 on March 2, 2025. Items borrowed increased from approximately 1,000 on the first Sunday to approximately 2,300 at the most recent, with items returned showing a similar increase. Sunday was reported to be shaping up to be one of the most popular days at the Library, with the Friends reporting one of their best book sales in some time held during Sunday

Page 4 ends

DRAFT
03/03/2025Board of Library Trustees Meeting Minutes

TRUSTEES REPORT
hours. Sunday staffing models were described to the Board, with fewer staff than on weekdays and no programming scheduled yet. It was shared that mostly new staff were hired to cover Sundays, with some staff in training.

The Circulation, Youth, Reference, and Tech Center service points are scheduled for coverage, with security and custodial staffing also arranged for Sundays. It was noted that there were a few community members who didn't remove their vehicles from the Central Park Library underground parking garage before the Library closed, so that their vehicles remained stuck in the garage after the gates closed. It was noted further that WiFi transmitters were installed in the garage, making it easier to receive calls or connect to WiFi from the underground parking garage. Processes have been improved so that the security guard will inform dispatch if cars are left behind. Signs are posted in the garage with the non-emergency police number.

The Board were advised that the Library is working on the biennial Operating Budget and updated its Performance Measures. Goals shared included the intent to begin producing an Annual Report, and to hold a Community Survey every two years.

Deputy City Attorney Luis Haro provided an update on the status of the Northside Branch Tile. The Board were informed of identified spalling and window leaking, resulting in claims against the construction and design firms.

There is no timeline for the resolution of the lawsuit in progress, and it was shared that there is work in progress to look into potential temporary cosmetic repairs that would not impact the lawsuit. The Board were also informed of Open Government and Ethics training to be provided as per AB 1234, scheduled for March 17, 2025 at City of Santa Clara Council Chambers. Board and Commissioner participation and training requirements were reviewed.

Scheduling a separate Brown Act training was discussed, as was the upcoming visit by a group from Santa Clara's sister city Izumo, Japan, with dates to be announced. The Board were reminded of Librarypalooza, the Library fundraiser scheduled for April 5, 2025 at the Triton Museum of Art.

Trustee Mohammed noted that he visited the Library on its new Sunday open hours and found it to be very active.

Page 5 ends

DRAFT
03/03/2025Board of Library Trustees Meeting Minutes

ADJOURNMENT
The meeting was adjourned at 7:55 PM.

A motion was made by Trustee Huynh, seconded by Trustee Mohammed, to adjourn the meeting.

Aye: Chair Evans, Trustee Huynh, Trustee Mohammed, and Vice-Chair Ricossa4 - Excused: 1 - Trustee Tryforos
The Board of Library Trustees Meeting is adjourned to April 7, 2025, at 6:00 PM, to be held at the Northside Branch Library.

Page 6 ends

DRAFT
03/03/2025Board of Library Trustees Meeting Minutes
The time limit within which to commence any lawsuit or legal challenge to any quasi- adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final.

Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker."
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Page 7 ends

MEETING DISCLOSURES
DRAFT
City of Santa Clara
Meeting Minutes
Planning Commission
Draft
6:00 PM Hybrid Meeting
City Hall Council
Chambers/Virtual
1500 Warburton Avenue
Santa Clara, CA 95050
03/19/2025
The City of Santa Clara is conducting Planning Commission meetings in a hybrid manner (in-person and continues to have methods for the public to participate remotely).

Via Zoom:
https://santaclaraca.zoom.us/j/91729202898
Webinar ID: 917 2920 2898 or
Phone:
1(669) 900-6833
Via the City’s eComment
The public may view the meetings on SantaClaraCA.gov, Santa Clara City Television (Comcast cable channel 15 or AT&T U-verse channel 99), or the livestream on the City’s YouTube channel or Facebook page.

Public Comments prior to meeting may be submitted via email to [email protected] no later than noon on the day of the meeting; (Comments received after 12:00 PM on the day of the meeting will be made part of the public record but will not be read out loud during the meeting) and also before and during the meeting via eComment. Clearly indicate the project address, meeting body, and meeting date in the email.

Agendas, Staff Reports and associated documents for Planning Commission items may be viewed on the City's website at https://santaclara.legistar.com/Calendar.aspx 6:00 PM REGULAR MEETING
Call to Order
Chair Saleme called the meeting to order at 6:01 p.m.

Page 1 ends

03/19/2025Planning Commission Meeting Minutes
Pledge of Allegiance and Statement of Values
Secretary Crutchlow read the Statement of Values.

Roll Call
Assistant City Attorney Alexander Abbe announced that Commissioner Biagini would be attending the meeting remotely.

Commissioner Yashraj Bhatnagar, Commissioner Nancy A. Biagini, Commissioner Priya Cherukuru, Commissioner Qian Huang, Vice Chair Mario Bouza, Chair Lance Saleme, and Commissioner Eric Crutchlow
Present 7 -
A motion was made by Chair Saleme, seconded by Commissioner Cherukuru to approve Commissioner Biagini's remote attendance.

Aye: Commissioner Bhatnagar, Commissioner Biagini, Commissioner Cherukuru, Commissioner Huang, Vice Chair Bouza, Chair Saleme, and Commissioner Crutchlow
7 -

DECLARATION OF COMMISSION PROCEDURES
Secretary Crutchlow read the Declaration of Commission Procedures.

CONTINUANCES/EXCEPTIONS
Planning Manager Lesley Xavier announced that Item 2 on Public Hearing Calendar will be pulled and moved to the April 16, 2025 Planning Commission Meeting.

CONSENT CALENDAR

1.A 25-347 Planning Commission Meeting Minutes of February 19, 2025 Recommendation: Approve the Planning Commission Meeting Minutes of the February 19, 2025 Meeting.

A motion was made by Commissioner Bouza, seconded by
Commissioner Biagini to approve this item. Commissioner Cherukuru was not in attendance at the meeting and recused herself from voting.

Aye: Commissioner Bhatnagar, Commissioner Biagini, Commissioner Huang, Vice Chair Bouza, Chair Saleme, and Commissioner Crutchlow
6 -
Recused: Commissioner Cherukuru1 -

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03/19/2025Planning Commission Meeting Minutes

PUBLIC PRESENTATIONS
None.

PUBLIC HEARING

2. 25-202 PUBLIC HEARING: Recommendation on a General Plan Text Amendment for the 2023-2031 Housing Element Sites Inventory List
Recommendation: Alternative 1: Adopt a Resolution to Recommend the City Council Amend the General Plan Housing Element with revisions associated with changes to the Housing Sites Inventory
Public Speaker:

Jaime Vasquez
A motion was made by Commissioner Crutchlow, seconded by Commissioner Biagini to continue this item date certain to April 16, 2025.

Aye: Commissioner Bhatnagar, Commissioner Biagini, Commissioner Cherukuru, Commissioner Huang, Vice Chair Bouza, Chair Saleme, and Commissioner Crutchlow
7 -

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03/19/2025Planning Commission Meeting Minutes

3. 25-223 PUBLIC HEARING: Action on a Conditional Use Permit and Variances (PLN23-00513) to Allow Expansion of an Existing Service Station by Removing a Portion of the Fuel Canopy and Two Fuel Dispensers, and by Adding a 1,605 square foot Convenience Store and Self-Service Carwash within the Rear Setback for the Store at 2455 Lawrence Expressway Recommendation: 1. Adopt a Resolution denying a Conditional Use Permit to allow expansion of an existing service station for removing a portion of fuel canopy and two fuel dispensers and adding a 1,605 square foot convenience store and a self-service carwash within the rear setbacks at 2455 Lawrence Expressway.

2. Adopt a Resolution denying a Variance to allow reduced rear setbacks, reduced landscaping planter depth along the street frontages, reduced required landscape screening depth at rear property line, and reduced required landscaping density of screening, in connection with a proposed expansion of an existing service station at 2455 Lawrence Expressway.

Associate Planner Daniel Sobczak provided the staff presentation Mr. Surjain Bains, Owner and Mr. Muthan Ibrahim, Architect provided the Applicant Presentation.

Commissioners inquired upon the noise level of the proposed carwash and about the feasibility of the location to accommodate the carwash.

Public Speakers:

Linda
A motion was made by Commissioner Biagini, seconded by
Commissioner Cherukuru to close public hearing.

Aye: Commissioner Bhatnagar, Commissioner Biagini, Commissioner Cherukuru, Commissioner Huang, Vice Chair Bouza, Chair Saleme, and Commissioner Crutchlow
7 -
A motion was made by Commissioner Huang, seconded by
Commissioner Bouza to approve a variance and to note that the Conditions of Approval (COA) and approval resolutions will be brought back to the April 16, 2025 Planning Commission meeting for approval.

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03/19/2025Planning Commission Meeting Minutes

Aye: Commissioner Bhatnagar, Commissioner Biagini, Commissioner Cherukuru, Commissioner Huang, Vice Chair Bouza, Chair Saleme, and Commissioner Crutchlow
7 -
A motion was made by Commissioner Cherukuru, seconded by Commissioner Crutchlow to approve the Conditional Use Permit with an additional condition of no detail services permitted, and approval resolutions will be brought back to the April 16, 2025 Planning Commission meeting for approval.

Aye: Commissioner Bhatnagar, Commissioner Biagini, Commissioner Cherukuru, Commissioner Huang, Vice Chair Bouza, Chair Saleme, and Commissioner Crutchlow
7 -

4. 25-346 Planning Commission Discussion on Questions for a Future Study Session on Data Centers
Recommendation: There is no staff recommendation.

Planning Manager Lesley Xavier provided an overview of comments previously received from Commissioners regarding a Study Session on Data Centers.

Commissioner Biagini left the meeting at 7:56 p.m.

Commissioners provided input on various aspects of Data Centers including:
- Electric Resources bandwith
- Does the City need addtional Data Centers
- Affect of Data Centers on emissions and noise
- Data Center Land Banking
- Having the City provide limits on the number of data centers - Water Consumption
REPORTS OF COMMISSION/BOARD LIAISON AND COMMITTEE:

1. Announcements/Other Items

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03/19/2025Planning Commission Meeting Minutes

2. Commissioner Travel and Training Reports, Requests to attend Trainings Commissioners Bouza and Saleme provided updates on the
Planning Commissioners Academy they attended March 5-7, 2025.

Commissioner Cherukuru provide updates on the Joint Venture Silicon Valley State of the Valley Event she attended on March 7, 2025.

DIRECTOR OF COMMUNITY DEVELOPMENT REPORTS:

1. Planning Commission Budget Update
Staff Aide II Elizabeth Elliott provided updates.

2. Upcoming Agenda Items
Planning Manager Lesley Xavier provided updates.

3. City Council Actions
Planning Manager Lesley Xavier provided updates.

ADJOURNMENT:

The meeting adjourned at 8:23 p.m. The next regular scheduled meeting is April 16, 2025.

Aye: Commissioner Bhatnagar, Commissioner Cherukuru, Commissioner Huang, Vice Chair Bouza, Chair Saleme, and Commissioner Crutchlow
6 -

Absent: Commissioner Biagini1 -

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03/19/2025Planning Commission Meeting Minutes
The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker."
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format.

Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

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03/19/2025Planning Commission Meeting Minutes
Individuals who require an auxiliary aid or service for effective communication, or any other disability-related modification of policies or procedures, or other accommodation, in order to participate in a program, service, or activity of the City of Santa Clara, should contact the City’s ADA Coordinator at 408-615-3000 as soon as possible but no later than 48 hours before the scheduled event.

Page 8 ends

City of Santa Clara
Meeting Minutes
Parks & Recreation Commission
Draft
7:00 PM Hybrid Meeting
Sparacino Conference Room - City Hall East Wing
1500 Warburton Avenue
Santa Clara, CA 95050
02/10/2025
The City of Santa Clara is conducting the Parks & Recreation Commission meeting in a hybrid manner (in-person and a method for the public to participate remotely).

Join Zoom Meeting
https://santaclaraca.zoom.us/j/89140287145?pwd=vxTpbZL37PSa9tyNRsapnbNKFauJJP.1

Meeting ID: 891 4028 7145
Passcode: 863597

CALL TO ORDER AND ROLL CALL
Chair Hai called the meeting to order at 7:06 PM.

Commissioner Dana Caldwell, Vice Chair Maureen Chu,
Commissioner Eversley Forte, Commissioner Derek DeMarco, Chair Sajid Hai, and Commissioner Vikas Gupta
Present 6 -
Commissioner Brittany RickettsAbsent 1 -

CONSENT CALENDAR

1. 25-62 Action on the Parks & Recreation Commission Minutes of the January 13, 2025, Meeting
Recommendation: Approve the Parks & Recreation Commission Minutes of the January 13, 2025, Meeting.

Commissioner Forte made a motion, seconded by Commissioner Chu to approve the Parks & Recreation Minutes of the January 13, 2025, meeting.

Aye: Commissioner Caldwell, Vice Chair Chu, Commissioner Forte, Commissioner DeMarco, Chair Hai, and Commissioner Gupta 6 -

Absent: Commissioner Ricketts1 -

Page 1 ends

02/10/2025Parks & Recreation Commission Meeting Minutes

PUBLIC PRESENTATIONS
An email message from Susan Hinton, a member of the public, was shared with the Commission regarding not using synthetic surfacing for the Warburton Park Playground Rehabilitation Project.

GENERAL BUSINESS

2. 25-590 Action on the Park Master Plan and Schematic Design for Warburton Park Playground Rehabilitation Project
Recommendation: Discuss and take action on a recommendation to the City Council on the Park Master Plan and preferred schematic design for the Warburton Park Playground Rehabilitation Project
Commissioner DeMarco made a motion, seconded by
Commissioner Chu to recommend approval of Option 2 with the expanded playground shade structure for the preferred master plan for Warburton Park, and that the new pathway loop be expanded as much as possible.

Aye: Commissioner Caldwell, Vice Chair Chu, Commissioner Forte, Commissioner DeMarco, Chair Hai, and Commissioner Gupta 6 -

Absent: Commissioner Ricketts1 -

3. 25-165 Action to Recommend City Council Adoption of the Updated Wade Brummal Scholarship Program Guidelines
Recommendation: Recommend that City Council adopt the Updated Wade Brummal Scholarship Program Guidelines
Commissioner DeMarco made a motion, seconded by
Commissioner Gupta to recommend that City Council adopt the Updated Wade Brummal Scholarship Program Guidelines.

Aye: Commissioner Caldwell, Vice Chair Chu, Commissioner Forte, Commissioner DeMarco, Chair Hai, and Commissioner Gupta 6 -

Absent: Commissioner Ricketts1 -

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02/10/2025Parks & Recreation Commission Meeting Minutes

4. 25-161 Status Update on the Progress Made on the FY 2024/25 Parks & Recreation Commission’s Work Plan Goals
Recommendation: Provide status update on progress made on the FY 2024/25 Parks & Recreation Commission’s work plan goals.

Goal A: Review park site and facility condition assessments and recommend priorities given existing and anticipated service levels and available resources.
--No update.

Goal B.1.: Review and solicit community input on the existing City park rehabilitation projects based on the current Capital Improvement Program (CIP) Budget and schedule.
--The Commission recommended City Council approval of Option 2 with the expanded playground shade structure as the preferred master plan for Warburton Park.

Goal B.2.: Review residential developer proposed schematic designs for new neighborhood parks that serve new residential development. --No update.

Goal C.1.: Host and develop recommendations for the annual Santa Clara Art & Wine Festival 2024.
--No update (completed)
Goal C.2.: Participate in Citywide Special events.
--No update.

Goal D.: Partner with at least one other commission to build upon/expand at least one existing Parks & Recreation event by adding one extra element for patrons to interact with during the event. --No update.

Goal E.: Participate in the Parks & Recreation Master Plan Process. --No update
Goal F.: Consider the annual budget of the Parks & Recreation Department during the budget preparation process and make recommendations with respect to the City Manager and City Council. --No update.

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02/10/2025Parks & Recreation Commission Meeting Minutes

STAFF REPORT
Director Damon Sparacino
Parks & Recreation Staff are working to standardize the Commission's Work Plan Goals across the organization which will provide a greater opportunity for City Council to play a larger role with the various commissions. The Director provided updates for the George F. Haines International Swim Center project. A few unanticipated issues have come to light with the pool gutter, apron and coping. The City will be considering next steps based on addressing those issues. Recent rain days have also impacted the project timeline.

Recreation Manager Castro
Summer Camp registration will begin on February 25, 2025. The Senior Center Wellness Fair has been updated from a one day event to four days, every Friday in March 2025. These events will be held indoors to mitigate accessibility issues for patrons and to better serve their needs. As a reminder, The Senior Center serves seniors 50 and older to promote and encourage activities, exercise and wellness. Membership is $37 per month for Santa Clara residents.

The Senior Center Showtime event will be showcasing “The Saga of the Sasparilla Saloon” on March 1-2 at the Community Recreation Center. The show is produced by the Santa Clara Women’s League as part of the Health and Wellness Program.

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02/10/2025Parks & Recreation Commission Meeting Minutes

COMMISSIONERS REPORT
Chair Hai
Chair Hai visited Maywood Park and Jenny Strand Park. He thoroughly enjoyed watching the Super Bowl with family and friends.

Commissioner Caldwell
The Commissioner visited the construction site for the new park at Gateway Crossings to see the progress. He noted that the park looks great and it's getting close to completion. He and former Commissioner Field spent some time clearing blocked storm drains, which were severely blocked as the result on recent rains.

Commissioner Chu
Commissioner Chu visited her local neighborhood parks as well as Henry Schmidt Park. Commissioner Chu mentioned that the heater in the recreation building at Henry Schmidt Park was broken, which made the room quire cold for program participants. Deputy Director Seale assured the Commission that Parks Division staff were already working on the issue. Commissioner Chu also made note of a heating issue at the Montague Park community building.

Commissioner Chu also mentioned that visitation numbers for Henry Schmidt Park appeared to be waning due to the playground being closed and its aged structure.

Commissioner DeMarco
The Commissioner visited several parks with his family. He and his assigned subcommittee met and discussed how they could leverage visitation, geospatial and census data collected from Placer AI to enhance the park system. He also enrolled his child in the programmed dance class on Mondays.

Commissioner Gupta
The Commissioner met with his subcommittee regarding how to best utilize park patron visitation data from Placer AI. He Commissioner also visited several parks over the past month. He visited several parks over the past month, including Mary Gomez Park and Warburton Park to inspect the amenities and to observe park lighting after sunset. Commissioner Gupta submitted four entries for the Commission’s Park Visitation database. Commissioner Gupta was interviewed by The San Jose Spotlight on February 7, 2025. The article outlined the current construction project and future of the George F. Haines International Swim Center and highlighted his passion for youth sports.

Commissioner Forte
Commissioner Forte worked-out at Bowers Park. He asked to query staff regarding the programmed class offering for this facility and the lack of options available. Currently, zumba classes are one of the only options offered at the Community Recreation Center. Staff responded that finding additional instructors is challenging. Commissioner Forte offered to inquire with his contacts in an attempt to find instructors to increase the options for programming.

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02/10/2025Parks & Recreation Commission Meeting Minutes

ADJOURNMENT
Commissioner DeMarco made a motion, seconded by
Commissioner Caldwell to adjourn the Parks & Recreation Commission Meeting at 9:15 PM until the next regular meeting on March 10, 2025, at 7:00 PM in the Sparacino Conference Room at City Hall.

Aye: Commissioner Caldwell, Vice Chair Chu, Commissioner Forte, Commissioner DeMarco, Chair Hai, and Commissioner Gupta 6 -

Absent: Commissioner Ricketts1 -

MEETING DISCLOSURES

Page 6 ends

02/10/2025Parks & Recreation Commission Meeting Minutes The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker."
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format.

Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

Page 7 ends

City of Santa Clara
Meeting Minutes
Parks & Recreation Commission
Draft
7:00 PM Hybrid Meeting
Sparacino Conference Room - City Hall East Wing
1500 Warburton Avenue
Santa Clara, CA 95050
03/10/2025
The City of Santa Clara is conducting the Parks & Recreation Commission meeting in a hybrid manner (in-person and a method for the public to participate remotely).

Join Zoom Meeting
https://santaclaraca.zoom.us/j/89140287145?pwd=vxTpbZL37PSa9tyNRsapnbNKFauJJP.1

Meeting ID: 891 4028 7145
Passcode: 863597

CALL TO ORDER AND ROLL CALL
Commissioner Caldwell called the meeting to order at 7:07 PM.

Commissioner Dana Caldwell, Commissioner Eversley Forte, Commissioner Derek DeMarco, and Commissioner Vikas Gupta Present 4 -
Vice Chair Maureen Chu, Chair Sajid Hai, and Commissioner Brittany Ricketts
Absent 3 -
Commissioner Forte made a motion, seconded by Commissioner DeMarco to excuse Commissioner Hai from the March 10, 2025 Parks & Recreation Commission meeting. The motion carried by the following vote:

Aye: Commissioner Caldwell, Commissioner Forte, Commissioner DeMarco, and Commissioner Gupta
4 -

Absent: Vice Chair Chu, Chair Hai, and Commissioner Ricketts3 - Commissioner Forte made a motion, seconded by Commissioner DeMarco to excuse Commissioner Chu from the March 10, 2025 Parks & Recreation Commission meeting. The motion carried by the following vote:

Page 1 ends

03/10/2025Parks & Recreation Commission Meeting Minutes

Aye: Commissioner Caldwell, Commissioner Forte, Commissioner DeMarco, and Commissioner Gupta
4 -

Absent: Vice Chair Chu, Chair Hai, and Commissioner Ricketts3 -

CONSENT CALENDAR

1. 25-260 Action on the Parks & Recreation Commission Minutes of the February 10, 2025, Meeting
Recommendation: Approve the Parks & Recreation Commission Minutes of the February 10, 2025, Meeting.

Commissioner DeMarco made a motion, seconded by
Commissioner Gupta, to recommend approval of the February 10, 2025 Parks & Recreation Commission Minutes as amended, by correctly stating the annual Senior Center Membership for Santa Clara residents is $37 per year. The motion carried by the following vote:

Aye: Commissioner Caldwell, Commissioner Forte, Commissioner DeMarco, and Commissioner Gupta
4 -
Excused: Vice Chair Chu, and Chair Hai2 -

Absent: Commissioner Ricketts1 -

PUBLIC PRESENTATIONS
None.

GENERAL BUSINESS

2. 25-293 Make a Recommendation to City Council to Adopt Updated Definitions for Field User Categories, Field User Priorities of Use, and Relevant Recreation Fields and Turf Areas Reservations: Practice & Games Fees for the Municipal Fee Schedule 2025/26.

Recommendation: Make a Recommendation to City Council to Adopt Updated Definitions for Field User Categories, Field User Priorities of Use, and Relevant Recreation Fields and Turf Areas Reservations: Practice & Games Fees for the Muni Fee Schedule 2025/26.

Commissioner Gupta made a motion, seconded by Commissioner Forte to recommend to City Council to adopt Updated Definitions for Field User Categories, Field User Priorities of Use, and Relevant Recreation Fields and Turf Areas Reservations: Practice & Game Fees for the Muni Fee Schedule 2025/26.

Aye: Commissioner Caldwell, Commissioner Forte, Commissioner DeMarco, and Commissioner Gupta
4 -

Page 2 ends

03/10/2025Parks & Recreation Commission Meeting Minutes Excused: Vice Chair Chu, and Chair Hai2 -

Absent: Commissioner Ricketts1 -

3. 25-325 Review and Make Recommendations to City Council regarding the Land Valuation Appraisal Report Dated December 31, 2024, and the Park Development Costs Proposed to be Used in the Calculation of Parkland In-Lieu Fees for New Residential Development for FY 2025/26 Recommendation: Recommended that the Commission solicit input from the public and provide
recommendations to the City Council on the following:
(a) The Land Valuation Appraisal Report dated December 31, 2024; and
(b) The proposed adjustment of 2.3% to the Park Improvement Value in alignment with the State of California, Department of General Services Construction Cost Index (CCCI) and prior Council direction.

Commissioner Gupta made a motion, seconded by Commissioner Forte to recommend to City Council to accept the Land Valuation Appraisal Report dated December 31, 2024, and the Park
Development Costs proposed to be used in the calculation of Parkland In-Lieu Fees for new residential development for FY 2025/26

Aye: Commissioner Caldwell, Commissioner Forte, Commissioner DeMarco, and Commissioner Gupta
4 -
Excused: Vice Chair Chu, and Chair Hai2 -

Absent: Commissioner Ricketts1 -

4. 25-313 Discussion and Development of Parks & Recreation Commission Work Plan Goals and Activities for FY 2025/26
Recommendation: Discuss and Develop Parks & Recreation Commission Work Plan Goals and Activities for FY 2025/26.

A motion was made by Commissioner DeMarco, seconded by
Commissioner Forte, that this item be continued at the next regular Parks & Recreation Commission meeting on April 14, 2025. The motion carried by the following vote:

Aye: Commissioner Caldwell, Commissioner Forte, Commissioner DeMarco, and Commissioner Gupta
4 -
Excused: Vice Chair Chu, and Chair Hai2 -

Absent: Commissioner Ricketts1 -

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03/10/2025Parks & Recreation Commission Meeting Minutes

5. 25-261 Status Update on the Progress Made on the FY 2024/25 Parks & Recreation Commission’s Work Plan Goals
Recommendation: Provide status update on progress made on the FY 2024/25 Parks & Recreation Commission’s work plan goals.

Goal A: Review park site and facility condition assessments and recommend priorities given existing and anticipated service levels and available resources.
--No update.

Goal B.1.: Review and solicit community input on the existing City park rehabilitation projects based on the current Capital Improvement Program (CIP) Budget and schedule.
--No update.

Goal B.2.: Review residential developer proposed schematic designs for new neighborhood parks that serve new residential development. --No update.

Goal C.1.: Host and develop recommendations for the annual Santa Clara Art & Wine Festival 2024.
--No update (completed)
Goal C.2.: Participate in Citywide Special events.
--No update.

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03/10/2025Parks & Recreation Commission Meeting Minutes

STAFF REPORT
Deputy Director Seale
Over the last few days there has been an increase in vandalism at park buildings, most notably Agnew Park, and the community building restroom at Lawrence Station Area Parks. Santa Clara PD has been very responsive to the increase in vandalism.

Director Sparacino
The Commission will have the opportunity to provide interactive feedback regarding the FY 2025/26 Work Plan, and the Parks Master Plan. The Commission's feedback relative to community prioritization will help outline the Master Plan. Council briefings will be based on what is heard from community and Parks & Recreation Commission.

The Director provided updates on items going to City Council on March 11, and in April. On March 11, staff will be going to seek Council approval to amend the existing agreement with LPA, Inc. Council approval is needed to authorize the City to increase funding for the design needed for renovation of the ISC.

Recreation Manager Castro
Kindness Ambassador Program: Volunteers help mitigate issues that arise at the Magical Bridge Playground and assist patrons on how to best improve play.

First group of adult volunteers have been fingerprinted and trained, and have been at the Magical Bridge Playground on a regular basis. The Department continues to solicit more volunteers for the Kindness Ambassador Program.

Youth groups have been going out to the Magical Bridge Playground regularly with recreation staff to do activities.

The Spring/Summer Program Registration has started. The Activity Guide came last week. City Attorney's Office has invited Commissioners to attend the Ethics Training on March 17th. Wizard of Oz tickets are on sale now. It's an amazing show, full of costumes, sets, and panels in the back. The first show will be March 21. The Department is always looking for volunteers. Mission College, the proposed location for this year’s 4th of July, and the Updated Wade Brummal Scholarship Program will be going to Council for approval tomorrow, March 11. Staff have just started soliciting non-profits to partner with City for the Art & Wine Festival, from now through April. Interviews will start in May.

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03/10/2025Parks & Recreation Commission Meeting Minutes

COMMISSIONERS REPORT

ADJOURNMENT
Commissioner Caldwell
Visited Maywood Park, and noted that Eisenhower ES has taken the backstop down. Maywood Park is in decent shape, but weeds are growing tall around trees. Deputy Director Seale mentioned that Maywood Park would be mowed within the week. He also visited Bill Wilson Park and reported that the bottle filling station was not operable. He walked around the perimeter of the ISC and noticed graffiti on the north side restroom building on the roll-up door. On the south side of the main building, the finish on the building is starting to fall off, and there appears to be signs of dry rot.

Commissioner DeMarco
Didn’t know what day the class schedule would go live. He had checked a few different sites for a couple of weeks leading up to activation. Unfortunately, he missed registration. The Commissioner stated that he has been filling out the commissioner visitation forms over the last two months, and was not sure if there was a benefit to providing his visitation data. Deputy Director Seale encouraged all commissioners to continue submitting comments as it has helped with getting the playground manufacturer for Westwood Oaks, and Homeridge Park to speed up their response to warranty issues, and with shipping replacement parts.

Commissioner Forte
Visited Lick Mill Park. He was invited to meet up with a local walking group. He checked with instructor friends regarding teaching classes, and commented that it is challenging to find instructors available for daytime scheduling,which aligns with comments previously made by Recreation Manager Castro.

Commissioner Gupta
Took his usual walks around his neighborhood parks. He wanted to see what Henry Schmidt Park looks like from the resident side and it looks fine, fences are neat and tidy. He started swimming regularly so he can’t wait to get back into the ISC for lap swim.

Commissioner DeMarco made a motion, seconded by
Commissioner Gupta to adjourn the Parks & Recreation
Commission Meeting at 8:41 PM until the next regular meeting on April 14, 2025, at 7:00 PM in the Sparacino Conference Room at City Hall.

Aye: Commissioner Caldwell, Commissioner Forte, Commissioner DeMarco, and Commissioner Gupta
4 -
Excused: Vice Chair Chu, and Chair Hai2 -

Absent: Commissioner Ricketts1 -

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03/10/2025Parks & Recreation Commission Meeting Minutes

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker."
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format.

Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

Page 7 ends

City of Santa Clara
Meeting Minutes
Youth Commission
Draft
6:00 PM Youth & Teen Center
2446 Cabrillo Avenue
Santa Clara, CA 95051
03/11/2025

CALL TO ORDER AND ROLL CALL
This meeting was called to order by Chair Liang at 6:05 p.m.

Commissioner Simren Garg, Commissioner Namita Gaidhani, Commissioner Srikha Gopisetti, Commissioner Julianna Arias Hernandez, Commissioner Neha Israni, Commissioner Maryam Ismail, Commissioner Ryan Kim, Commissioner Rebecca Kunze,
Commissioner Kira Liang, Commissioner Malia Martin,
Commissioner Brian Rong, and Commissioner Samarth Suresh Present 12 -
Commissioner Allysa Domensino, Commissioner Samaira Mehta, and Commissioner Hiranya Parekh
Absent 3 -
A motion was made by Commissioner Martin, seconded by
Commissioner Arias Hernandez to excuse Commissioner Parekh, Commissioner Mehta, and Commissioner Domensino from the March 11, 2025 meeting. The motion was carried by the following votes:

Aye: Commissioner Garg, Commissioner Gaidhani, Commissioner Gopisetti, Commissioner Arias Hernandez, Commissioner Israni, Commissioner Ismail, Commissioner Kim, Commissioner Kunze, Commissioner Liang, Commissioner Martin, Commissioner Rong, and Commissioner Suresh
12 -

Absent: Commissioner Domensino, Commissioner Mehta, and Commissioner Parekh
3 -

CONSENT CALENDAR

Page 1 ends

03/11/2025Youth Commission Meeting Minutes

1. 25-265 Action on the Youth Commission Meeting Minutes of February 11, 2025 Amend with the following changes to the February 11, 2025 minutes:

Change Commissioner Irani to Commissioner Israni under the Commissioners Report.

A motion was made by Commissioner Suresh, seconded by
Commissioner Gaidhani that this item be recommended for approval as amended. This motion was carried by the following votes:

PUBLIC PRESENTATIONS
None

GENERAL BUSINESS

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03/11/2025Youth Commission Meeting Minutes

2. 25-267 Discussion and Possible Action on Youth Commission FY 2024/25 Work Plan & Goals
Commissioners continued to develop and plan their activities for the FY 2024/25 Work Plan.

Community Building with Santa Clara residents:
-The committee is continuing to plan the SC Hacks Hackathon. Due to low enrollment, they pushed back the event date to Saturday, April 4th.

Committee is working on judges, donations for prizes, and recruiting participating teams.
- Harmony of Cultures, multicultural event will be held at the Teen Center on Saturday, April 26th. Committee is sending out invitations to local high school clubs to participate.

Public Outreach and Education:
-The committee will email QCorner to organize a possible NARCAN demonstration with the Library.
-The committee will continue to develop New Resident Welcome resource packets and suggestions for improving the publication, including:
incorporating photos, currently utilizing free online translation services, publicizing the resource on various websites, and bookmarks with QR codes.

Youth Empowerment:
-The committee has suggested to do a panel discussion to support students to transition from middle school to high school. Committee will look into possible collaboration with Cabrillo Middle School's upcoming Open House on Thursday, April 3rd. Committee will recruit panel speakers and develop the structure of the discussion.

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03/11/2025Youth Commission Meeting Minutes

STAFF REPORT
Gayle Ichiho, Recreation Supervisor, stated the Parks & Recreation Spring/Summer Activity Guide is available and open for registration. Youth Commissioners were updated on the application process for the 2025/2026 term and stated 18-20 interviews will be held on Saturday, March 15, 2025 at the Youth & Teen Center. Also, informed Commissioners about upcoming Sunset Cinema that will be held on May 9, 2025.

Jon Kawada, Recreation Coordinator reminded Commissioners about the Breakfast with Bunny event on April 12, 2025 at the Senior Center and asked Commissioners to volunteer to greet attendees and serve food. .

COMMISSIONERS REPORT

ADJOURNMENT
Commissioner Rong reported Lynbrook's AISA's annual showcase of South Asian Culture, Silsilay, will be held on March 15, 2025 in the Lynbrook High School auditorium. The event is open to the community with an admission fee. All proceeds from admissions
will be going to
charity. There will be two showings: 1:00-3:30 p.m. and 5:00-7:30 p.m.

Commissioner Gaidhani reported Sister Cities is looking for host families for the Izumo Japanese exchange students from March 25-31, 2025 and to attend their welcome party and a day at Great America.

A motion was made by Commissioner Suresh, seconded by
Commissioner Martin that this meeting be adjourned at 6:24 p.m.

The motion was carried by the following votes:

MEETING DISCLOSURES

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03/11/2025Youth Commission Meeting Minutes
The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker."
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format.

Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-446 Agenda Date: 4/29/2025

REPORT TO COUNCIL

SUBJECT
Action on Monthly Financial Status and Investment Reports for February 2025 and Approve the Related Budget Amendments

COUNCIL PILLAR
Enhance Community Engagement and Transparency

BACKGROUND
In compliance with the Charter of the City of Santa Clara and the adopted Investment Policy, the monthly financial report and monthly investment report for February 2025 are submitted for your information. The financial reviews, as of February 28, 2025, provide a year-to-date financial update to the City Council for fiscal year 2024/25. The analysis of the revenues collected and all expenditures measures the level of adherence to the established resource allocation plan and allows the City to monitor and project revenues and expenditures throughout the year.

The Adopted Budget incorporates the estimated revenues and planned expenditures for all funds.

The attached Financial Status Report provide the budget to actual revenue and expenditure summaries for the General Fund, Special Revenue Funds and Enterprise Operating Funds, as well as expenditure summaries for Capital Improvement Funds and Fund Reserve Balances. Any significant variances are explained in the report.

In accordance with City Council Policy 051 - Donations to the City, a monthly activity and annual summary of donations received by department is included in these reports. Although the requirement of the policy is to report quarterly, the City will include this information monthly in the financial status report.

DISCUSSION
Monthly Financial Status Report (Attachment 1)
The attached Monthly Financial Status Report summarizes the City’s financial performance as of February 28, 2025 (Attachment 1). This report provides financial analysis for the General Fund, select Special Revenue Funds, Enterprise Operating Funds, and Capital Improvement Funds.

Attachment 1 shows that General Fund revenues (excluding transfers) at 62.5% of the budget through February 2025. Revenues appear to be tracking slightly below par due to the timing of payments. However, General Fund revenues are currently tracking to exceed budgeted levels.

As shown in Attachment 1, General Fund expenditures (excluding transfers) were at 62.3% of budget through February 2025. Overall, expenditures are tracking within budgeted levels.

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As shown in Attachment 1, total revenues for Enterprise Funds (Electric, Water, Sewer, Cemetery, Solid Waste, and Water Recycling) were at 70.1% of the budget through February 28, 2025, while total expenses were at 55.6%.

In the month of February, donations of $30 were received, bringing total donations to $27,954.

The Spring 2025 UCLA Anderson Forecast points to significant uncertainty related to trade, fiscal policy, and geopolitical risk with the new administration. The Spring 2025 UCLA Anderson Forecast for California assumes the state’s economy will grow at about the same rate as the U.S. in 2025 and 2026 and slightly faster in 2027.

On a national level, the unemployment rate changed little from 4.1% in February 2025 to 4.2% in March 2025. The number of unemployed persons totaled 7.1 million, consistent with February numbers. In the third estimate for the fourth quarter 2024, the Gross Domestic Product (GDP) increased at an annual rate of 2.4%, following a GDP increase of 3.1% in the third quarter.

The California unemployment rate remained unchanged at 5.4% between January and February 2025. The unadjusted unemployment rate in the San José-Sunnyvale-Santa Clara Metropolitan Statistical Area (MSA) was 4.2% in February 2025, down slightly from a revised 4.3% in January 2025, and below the February 2024 level of 4.3%.

Staff will continue to closely monitor the General Fund revenues and the City’s overall financial performance as the fiscal year progresses.

Monthly Investment Report (Attachment 2)
All securities held by the City of Santa Clara as of February 28, 2025, were in compliance with the City’s Investment Policy Statement regarding current market strategy and long-term goals and objectives. All securities held are rated “A” or higher by two nationally recognized rating agencies.

There is adequate cash flow and maturity of investments to meet the City’s needs for the next six months.

The City’s investment strategy for February 2025 was to invest funds not required to meet current obligations in securities listed in the prevailing Investment Policy Statement, with maturities not to exceed five years form the date of purchase. This strategy ensures safety of the City’s funds, provides liquidity to meet the City’s cash needs, and with a reasonable portfolio return of 4.03% in February.

The Monthly Investment Report also now includes a Statement of Transactions, following the Investment Inventory, in accordance with California Municipal Treasurers Association investment policy guidelines.

ENVIRONMENTAL REVIEW
The actions being considered do not constitute “projects” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to section 15378(b)(4) of Title 14 of the California Code of Regulations in that they are fiscal activities that do not involve the commitment to a specific project which may result in a potentially significant physical impact on the environment.

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25-446 Agenda Date: 4/29/2025

FISCAL IMPACT
From time to time, adjustments to the budget are required to reflect new information, align budgets with actual revenues and expenses, and correct for inadvertent errors. The recommended budget adjustments are described in Attachment 3 and summarized below:
· General Fund - a technical correction to reallocate funds to account for misallocated encumbrances. An action is also included to recognize and appropriate wildland deployment reimbursements to the Fire Department;
· Building Development Services Fund - transfers funding to the Vehicle Replacement Fund to account for higher than budgeted vehicle replacement costs; · Convention Center Enterprise Fund - a technical correction that shifts funding from the Operations and Maintenance Reserve to the Unrestricted Ending Fund Balance; · Electric Utility Capital Fund - reallocates funding from the Generation Capital Maintenance and Betterments project and from unrestricted ending fund balance to the Major Engine Overhaul project to address unanticipated, emergency repairs;
· Sewer Utility Fund - transfers funding to the Special Liability Insurance Fund as an initial reimbursement for a settlement agreement related to the utility; · Special Liability Insurance Fund - recognizes a transfer from the Sewer Utility Fund and replenishes the Reserve for Future Claims and recognizes and appropriates revenue to the claims payments appropriation; and
· Vehicle Replacement Fund - recognizes a transfer from the Building Development Services Fund and appropriates the funding for the replacement of two Building-assigned vehicles.

COORDINATION
This report has been coordinated with the City Attorney’s Office.

RECOMMENDATION

1. Note and file the Monthly Financial Status Report and Monthly Investment Report for February 2025 as presented; and

2. Approve the FY 2024/25 Budget Amendments in the following funds (as detailed in the Fiscal Impact Section of the staff report and Attachment 3 to the staff report):
a. In the General Fund, with a net impact of $80,184;
b. In the Building Development Services Fund, with a net impact of $0; c. In the Convention Center Enterprise Fund, with a net impact of $0; d. In the Electric Utility Capital Fund, with a net impact of $0; e. In the Sewer Utility Fund, with a net impact of $0;
f. In the Special Liability Insurance Fund, with a net impact of $2,180,608; and g. In the Vehicle Replacement Fund, with a net impact of $83,636.

Reviewed by: Kenn Lee, Director of Finance
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25-446 Agenda Date: 4/29/2025
Approved by: Jovan D. Grogan, City Manager

ATTACHMENTS

1. Monthly Financial Status Report - February 2025

2. Monthly Investment Report - February 2025

3. FY 2024/25 Budget Amendments
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_____________________________________________________________________

MONTHLY FINANCIAL STATUS REPORT

February 2025

City of
Santa Clara
The Center of What 's Possible

1 City of Santa Clara
Financial Status Report as of February 28, 2025

This report summarizes the City’s financial performance for the month ended February 28, 2025.

Financial analysis for the report is provided for the General Fund, select Special Revenue Funds, Enterprise Operating Funds, and Capital Improvement Funds. Financial information included in this report is unaudited.

Economic Outlook
In its Spring 2025 Forecast, the UCLA Anderson Forecast points to significant uncertainty related to trade, fiscal policy, and geopolitical risk with the new administration. The Forecast predicts higher unemployment and higher prices in 2025 with some potential upside in 2027 and beyond. “As a result of the combined effects of deportations and tariffs, we expect GDP and productivity growth to decline in late 2025 by about 1 percentage point and to recover by the end of 2026. (2025Q1 negative productivity growth is due to U.S. Census data adjustment to the size of the labor supply.) The unemployment rate will simultaneously rise and hit 4.5% by the first quarter of 2026 and gradually recover afterwards to 4.0% in 2027. We expect Inflation to remain elevated around 3 percent throughout 2025 and 2026. Tariffs will be the main cause of higher prices in 2025, while deportations will drive prices in 2026 via higher food and wage inflation of around 4 percent.”1 U.S. Quarterly Real GDP Growth Forecast (UCLA Spring 2025 Economic Forecast)

1 UCLA Anderson Forecast Spring 2025 Economic Forecast, “A Tariff Amount of Uncertainty”, Clement Bohr 4 Forecast
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City of Santa Clara
Financial Status Report as of February 28, 2025

On a national level, the unemployment rate changed little from 4.1% in February 2025 to 4.2% in March 2025. In March, the number of unemployed persons totaled 7.1 million, consistent with February levels.2

In the fourth quarter 2024 third estimate, the Gross Domestic Product (GDP) increased by 2.4%, following a GDP increase of 3.1% in the third quarter. The increase in real GDP primarily reflected increases in consumer spending and government spending that were partially offset by a decrease in investment.3

2 https://www.bls.gov/news.release/pdf/empsit.pdf
3 https://www.bea.gov/news/2025/gross-domestic-product-4th-quarter-and-year-2024-third-estimate-gdp-industry-and

Chart 1. Unemployment rate, seasonally adjusted , Chart 2. Nonfarm payroll employment over-the-month change , March 2023 - March 2025 seasonally adjusted, March 2023 - March 2025 Percent Thousands

2.5 ~~~~~~~~~~~~~~~~~~ -1 00
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25

5.0 4.0

3.0 2.0

1.0 0.0
Q3
2023
U'.S. Bureau of Economic .l\.nalysls
R.eal GOP1 Percent Change from Preceding Quarter
Ql Q2 Q3 QIJ
2024
Seasonally adjusted annual rates

3 City of Santa Clara
Financial Status Report as of February 28, 2025

At the state level, the California unemployment rate remained unchanged between January 2025 and February 2025 at 5.4%. This rate is higher compared to the 5.1% rate in February 2024. Over the past year, California employers have added 78,200 nonfarm jobs.4 The Spring 2025 UCLA Anderson Forecast for California assumes the state’s economy will grow at about the same rate as the U.S. in 2025 and 2026 and slightly faster in 2027. “The unemployment rate for the 1st quarter of this year is expected to average 5.5%, and the average for 2025, 2026 and 2027 is expected to be 5.7%, 5.2% and 4.8% respectively. Our forecast for 2025, 2026, and 2027 is for total employment growth rates to be 0.5%, 1.2%, and 1.1%. Non-farm payroll jobs are expected to grow at a

1.1%, 0.9%, and 1.7% rate during the same three years. Real personal income is forecast to grow by

2.5% in 2025, 2.4% in 2026 and 2.9% in 2027. Higher interest rates, shortages of construction labor, and the rebuilding of damaged and destroyed homes lowered our residential construction forecast from December. Our expectation is for permitted new units to be 102K this year and grow to 127K by the end of 2027. Needless to say, this level of home building means that the prospect of the private sector building out of the housing affordability problem over the next three years is nil.”5

The unadjusted unemployment rate in the San José-Sunnyvale-Santa Clara Metropolitan Statistical Area (MSA) was 4.2% in February 2025, down slightly from a revised 4.3% in January 2025, and below the February 2024 estimate of 4.3%. Between February 2024 and February 2025, employment in this region decreased by 5,300 jobs, or 0.5%. Notable employment reductions were in professional and business services (down 5,100 jobs), manufacturing (down 3,000 jobs), information (down 3,000 jobs), and leisure and hospitality (down 2,200 jobs). The largest increases were in private education and health services (up 8,900 jobs).
6 San Jose-Sunnyvale-Santa Clara Metropolitan Statistical Area

4 https://edd.ca.gov/en/about_edd/news_releases_and_announcements/unemployment-january-2025/ 5 UCLA Anderson Forecast Spring 2025 Economic Forecast, “California After the Election: Part Duex”, Jerry Nickelsburg 6 https://labormarketinfo.edd.ca.gov/file/lfmonth/sjos$pds.pdfhttps://labormarketinfo.edd.ca.gov/ Unemployment Rate Historical Trend

4.8% ---------------------------- - - - -----------

4.6% -1---------------------------- - --==311.-----------

4.4% t:::::::::::::::::~:::::::::::::Jl~=~~=:~:::::::~~~:::::~~-~::;;;~li:::::.;;;;.~ 4.2 % 1-

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4 City of Santa Clara
Financial Status Report as of February 28, 2025

General Fund
The General Fund is the major operating fund for the City and includes multiple programs, services, and activities for the residents and businesses of the City. The adopted budget for operating revenues and expenditures for fiscal year 2024/25 was $310.7 million. The amended budget for revenues and expenditures was adjusted to $327.9 million to reflect carryover encumbrances from fiscal year 2023/24 and various budget amendments approved by the City Council through February 2025. Amendments approved by the City Council as part of the FY 2023/24 Budget Year-End Report are also reflected in the tables of this report.

General Fund revenues and expenditures are tracking within estimated levels.

5 City of Santa Clara
Financial Status Report as of February 28, 2025

General Fund Revenues
As of February 28, 2025, $190.3 million or 62.5% of the General Fund estimated revenue (excluding transfers) was received. Transfers and use of reserves of $23.8 million have occurred as budgeted.

Adopted Budget
Amended
Budget
Actual Through
02/28/2025
Percentage
Received
Actual Through
02/29/2024
$
Change From
Pr
ior Year
Percentage
Change
TAXES
Sales Tax 62, 900,000$ 62,900,000$ 39,805,276$ 63.28% 30,036,934$ 9,768,342$ 32.52% Property Tax 94,391,000 94,391,000 48,817,629 51.72% 46,456,158 2,361,471 5.08% Transient Occupancy Tax 22,850,000 22,850,000 13,077,398 57.23% 11,094,200 1,983,198 17.88% Other Taxes 6,950,000 6,950,000 3,342,104 48.09% 3,215,744 126,360 3.93% Total Taxes 187,091,000 187,091,000 105,042,407 56.15% 90,803,036 14,239,371 15.68%

LICENSES & PERMITS
Business Licenses 6,000,000 6,000,000 4,420,311 73.67% 3,139,137 1,281,174 40.81% Fire Operation Permits 2,010,000 2,010,000 1,503,844 74.82% 1,212,716 291,128 24.01% Miscellaneous Permits 55,000 55,000 74,112 134.75% 17,231 56,881 330.11% Total Licenses & Permits 8,065,000 8,065,000 5,998,267 74.37% 4,369,084 1,629,183 37.29% FINES & PENALTIES 1,452,000 1,452,000 1,533,214 105.59% 1,660,811 (127,597) -7.68% INTERGOVERNMENTAL 970,000 2,006,149 1,201,740 59.90% 502,382 699,358 139.21% CHARGES FOR SERVICES 30,829,954 31,136,862 22,985,416 73.82% 21,354,680 1,630,736 7.64% SILICON VALLEY POWER TRANSFER 34,500,000 34,500,000 23,643,399 68.53% 21,940,167 1,703,232 7.76%

USE OF MONEY & PROPERTY
Interest 6,212,000 6,212,000 2,862,383 46.08% 1,380,169 1,482,214 107.39% Rent 13,028,187 13,028,187 8,449,672 64.86% 8,238,642 211,030 2.56% Total Use of Money & Property 19,240,187 19,240,187 11,312,055 58.79% 9,618,811 1,693,244 17.60% MISCELLANEOUS REVENUES 215,550 215,550 552,035 256.11% 236,935 315,100 132.99%

OTHER FINANCING SOURCES
Operating Transfer In - Storm Drain 1,454,000 1,454,000 1,454,000 100.00% 1,454,000 - 0.00% Operating Transfer In - Reserves 6,964,827 13,950,549 13,950,549 100.00% 8,097,132 5,853,417 72.29% Operating Transfer In - Fund Balances(1) 6,162,369 6,162,369 6,162,369 100.00% 4,759,683 1,402,686 29.47% Operating Transfer In - Miscellaneous 575,821 2,201,534 2,201,534 100.00% 746,044 1,455,490 195.09% Total Other Financing Sources 15,157,017 23,768,452 23,768,452 100.00% 15,056,859 8,711,593 57.86%

STADIUM OPERATION
Charges for Services 11,705,481 12,023,104 10,373,922 86.28% 2,368,686 8,005,236 337.96% Rent and Licensing 1,472,000 8,796,722 7,612,194 86.53% 216,108 7,396,086 3422.40% Total Stadium Operation 13,177,481 20,819,826 17,986,116 86.39% 2,584,794 15,401,322 595.84% TOTAL GENERAL FUND 310,698,189$ 328,295,026$ 214,023,102$ 65.19% 168,127,558$ 45,895,543$ 27.30% (1) The Operating Transfer In - Fund Balances includes the carryover encumbrances of open purchase orders as of June 30, 2024 and mid year budget amendment from reserves.

Function

CITY OF SANTA CLARA

GENERAL FUND

REVENUE OVERVIEW AND COMPARISON BY TYPE
FISCAL YEAR 2024/25 PY REVENUE COMPARISON

6 City of Santa Clara
Financial Status Report as of February 28, 2025

General Fund Revenues
Sales Tax: The City of Santa Clara sales tax rate is 9.125%, of which the City receives 1.0%. As of February 28, 2025, $39.8 million has been collected, which is 32.5% higher than prior year collection levels. Given the timing of payments, the sales tax payments through February account for actual activity from July through December 2024. In addition, $0.4 million has been received for the Proposition 172 Public Safety Sales Tax, which is consistent with the prior fiscal year.

In the first quarter of FY 2024/25 (July – September activity) receipts totaled $19.2 million, which was well above the prior year receipts of $15.1 million for the first quarter of FY 2023/24. Receipts of $20.2 million in the second quarter of FY 2024/25 (October – December 2024 activity) also significantly exceeded the $14.5 million collected in the same quarter last fiscal year. The performance in the second quarter reflected strong growth in the business-to-business (up 54.2%), construction (up

14.3%), food products (up 7.0%), and transportation (up 4.9%) sectors, partially offset a reduction in general retail (down 4.7%). Given the strong performance to date, collections are tracking to significantly exceed the budget estimate of $62.0 million. It is important to note that sales tax receipts can vary significantly from quarter to quarter.

Property Tax: $48.8 million in property tax receipts were received through February 2025, or 51.7% of the budget. The majority of property tax revenue is collected in the second half of the fiscal year. Based on latest information from the County of Santa Clara, property tax receipts are projected to end the year at $96.6 million, slightly above the Adopted Budget estimate of $94.4 million.

Transient Occupancy Tax (TOT): TOT is calculated as a percentage of City hotel/motel room charges. On January 1, 2025, the City’s TOT rate was increased from 12.5% to 13.5%. Through February 28, 2025, approximately $13.1 million was received, or 57.2% of the budget. This collection level was 17.9% above the $11.1 million received through February of the prior fiscal year. Receipts are currently tracking to exceed the budget estimate of $22.9 million.

Other Taxes: Includes franchise tax and documentary transfer tax. The City has collected approximately $3.3 million through February, including $2.6 million in franchise taxes and $0.7 million in documentary transfer taxes. This collection level is 3.9% higher than last fiscal year levels due to higher documentary transfer tax receipts.

Licenses & Permits: Includes business licenses, fire operation permits, and miscellaneous permits and fees. Revenue collections are tracking above par with receipts totaling $6.0 million, or 74.4% of the $8.1 million budget. This reflects strong growth in the majority of the categories with the largest collections in the business license tax category. Effective FY 2023/24, the City implemented a new business license tax methodology which is reflected in the receipts recorded this fiscal year totaling $4.4 million, or 73.7% of the budget.

Fines & Penalties: Includes vehicle, parking, court fines, and miscellaneous penalty fines. Through February, revenue in this category totaled $1.5 million which is slightly lower than prior year collection

7 City of Santa Clara
Financial Status Report as of February 28, 2025

levels. The collections primarily reflect municipal fines and collection charges. Collections in this category have exceeded the annual budget of $1.5 million.

Intergovernmental: Includes motor vehicle fees, state homeowner tax relief, state mandated reimbursement, fire-related grants and reimbursements, and redistribution of land sale proceeds and ground leases from the Successor Agency. Through February, approximately $1.2 million has been collected, or 60% of the $2.0 million budget.

Charges for Services: Includes various plan check and zoning-related fees, engineering fees, administrative fees, and community service revenue from various recreational activities. Through February, collections totaled approximately $23 million or 73.8% of the budget. This reflects a 7.6% increase compared to last year’s collections, primarily due to higher receipts from engineering fees, miscellaneous fees and interdepartmental charges.

Silicon Valley Power Transfer: In accordance with the City’s charter, Silicon Valley Power pays 5.0% of gross revenues to the General Fund. Transfers throughout the year are based on the budgeted estimate and will be trued up at the end of the fiscal year based on actual performance.

Use of Money & Property: Includes realized investment income and rental income. Through February, $11.3 million has been collected, or 58.8% of the budget. This collection level is 17.6% above the $9.6 million received last fiscal year primarily due to higher right of way and interest earnings collected in the current year.

Miscellaneous Revenues: Includes developer fees, donations, damage recovery, sale of surplus, and one-time miscellaneous revenues. Through February, collections total $0.5 million, compared to $0.2 million collected in the prior year. Receipts have also exceeded the budget estimate of $0.2 million.

Stadium Operation: Through February 28, 2025, approximately $18 million has been collected through charges for services and rent. Of this amount, $7.3 million represents settlement funds related to performance-based rent from FY 2022/23 and FY 2023/24.

8 City of Santa Clara
Financial Status Report as of February 28, 2025

General Fund Expenditures
As of February 28, 2025, $214.6 million or 65.4% of the General Fund operating budget had been expended, which is higher than prior year expenditure levels. Excluding transfers, expenditures totaled $187.9 million, or 62.3% of the budget, which is slightly below par. Transfers of $26.7 million have occurred as budgeted. Overall, expenditures in the General Fund are at budgeted levels, with par at

66.7%, through February.

Adopted Budget
Amended
Budget
Actual Through
02/28/2025
Percentage
Used
Actual Through
02/29/2024
$
Change From
Prior Year
Percentage
Change

GENERAL GOVERNMENT
Non-Departmental 17,622,136$ 18,852,222$ 9,706,364$ 51.49% 8,801,779$ 904,585$ 10.28% City Council 1,196,923 1,196,923 702,546 58.70% 748,269 (45,723) -6.11% City Clerk 2,102,267 2,186,267 1,701,449 77.82% 1,024,787 676,662 66.03% City Manager 8,222,051 8,080,316 2,829,150 35.01% 2,800,187 28,963 1.03% City Attorney 3,357,661 3,440,037 1,911,136 55.56% 1,876,448 34,688 1.85% Human Resources 4,845,256 5,377,027 2,732,494 50.82% 2,208,950 523,544 23.70% Finance 21,008,682 21,922,775 13,666,722 62.34% 11,155,857 2,510,865 22.51% Total General Government 58,354,976 61,055,567 33,249,861 54.46% 28,616,277 4,633,584 16.19% PUBLIC WORKS 26,347,463 28,226,582 16,691,226 59.13% 16,217,945 473,282 2.92% COMMUNITY DEVELOPMENT 5,575,313 5,636,381 3,137,319 55.66% 3,292,243 (154,924) -4.71% PARKS AND RECREATION 23,172,047 23,931,989 14,154,514 59.14% 14,068,719 85,795 0.61%

PUBLIC SAFETY
Fire 66,292,191 68,247,190 45,871,554 67.21% 43,492,959 2,378,595 5.47% Police 92,074,298 92,776,102 59,995,316 64.67% 55,966,440 4,028,876 7.20% Total Public Safety 158,366,489 161,023,292 105,866,870 65.75% 99,459,399 6,407,471 6.44% LIBRARY 11,732,505 12,212,058 7,845,887 64.25% 6,806,747 1,039,140 15.27% DEPARTMENTAL TOTAL 283,548,793 292,085,869 180,945,678 61.95% 168,461,330 12,484,348 7.41%

OTHER FINANCING USES
Operating Transfer Out - Miscellaneous 626,778 1,742,520 1,742,520 100.00% 1,198,809 543,711 45.35% Operating Transfer Out - Debt Services 1,405,940 1,405,940 1,405,940 100.00% 1,402,440 3,500 0.25% Operating Transfer Out - Maintenance Dtrct 977,546 977,546 977,546 100.00% 942,413 35,133 3.73% Operating Transfer Out - Cemetery 823,000 823,000 823,000 100.00% 796,000 27,000 3.39% Operating Transfer Out - CIP 14,204,882 14,436,988 14,436,988 100.00% 7,305,499 7,131,489 97.62% Operating Transfer Out - Reserves - 7,324,722 7,324,722 100.00% - 7,324,722 N/A Total Other Financing Uses 18,038,146 26,710,716 26,710,716 100.00% 11,645,161 15,065,555 129.37% STADIUM OPERATION 9,111,250 9,498,441 6,946,133 73.13% 8,007,601 (1,061,468) -13.26% TOTAL GENERAL FUND 310,698,189$ 328,295,026$ 214,602,527$ 65.37% 188,114,092$ 26,488,435$ 14.08% Function

CITY OF SANTA CLARA

GENERAL FUND

EXPENDITURES OVERVIEW AND COMPARISON BY FUNCTION
FISCAL YEAR 2024/25 PY EXPENDITURES COMPARISON

9 City of Santa Clara
Financial Status Report as of February 28, 2025

General Fund Expenditures
Below is an explanation of certain budget to actual expenditure variances by program.

Non-Departmental: Includes expenditures that are not attributable to a single department, but a function of the City in general. Through February, expenditures totaled $9.7 million, or 51.5% of the budget. These expenditures are below par of 66.7%, but higher than prior year levels. This increase is primarily due to higher spend in the salaries and benefits categories, miscellaneous services and supplies, and citywide insurance payments.

City Attorney: Actual expenditures through February totaled approximately $1.9 million, which is

55.6% of the budget, which is below par. Spending is consistent with the total expenditures through the same time last fiscal year.

City Clerk: Through February, actual expenditures were tracking at $1.7 million or approximately

77.8% of the budget. This expenditure level reflects a 66% increase compared to last fiscal year due to one-time Granicus costs that are paid every other year. Additionally, the costs for the general November 2024 election were incurred in February.

City Council: Through February, expenditures of $0.7 million were at 58.7% of budget, which is below par. Expenditures are slightly below spend when compared to prior fiscal year levels due to lower operating supplies and as-needed spend.

City Manager: The actual expenditures through February totaled $2.8 million, or 35% of the budget, which is below par for this time of the year. Expenditures are consistent with the spending level through the same period last fiscal year.

Community Development Department: This department consists of three divisions: Planning, Building, and Housing and Community Services. The Building Division of this department is reflected in the Building Development Services Fund, which falls under the special revenue section of this report.

Through February, departmental expenditures for the Planning and Housing and Community Services divisions totaled $3.1 million, or 55.7% of the budget, which is below par of 66.7%. This expenditure level is slightly lower than prior year spend primarily due to lower expenditures in the salaries and benefits categories.

Finance Department: Through February 28, 2025, the Department’s expenditures totaled $13.7 million, or 62.3% of the budget, which is slightly below par. This expenditure level was approximately 23% higher than through the same period last year. The current year spend reflects higher salaries and benefits, operating supplies, and contractual services costs, primarily related to PeopleSoft and the Questica Budget System.

Fire Department: Through February, actual expenditures totaled $45.9 million, or 67.2% of the budget, which is slightly above par. These expenditures also reflect a 5.8% increase from last fiscal year due to higher expenditures across the salaries and benefits and non-personnel categories including operating supplies, contractual services, and capital outlay. Overtime expenditures are tracking over budget at

10 City of Santa Clara
Financial Status Report as of February 28, 2025

200% due, in part, to overtime expenditures related to mutual aid deployment efforts. These costs are reimbursable, and a budget action was approved by the City Council on December 3, 2024, to recognize reimbursements received to date and increase the Department’s overtime budget. Further actions will be brought forward for City Council approval to recognize reimbursements and adjust the Department overtime budget as additional reimbursements are received. Excluding mutual aid-related costs, the overtime budget is 117% expended through February. Overtime is used to backfill for shift absences and vacant shift positions to maintain daily minimum staffing. It is anticipated that overtime expenditures will exceed the overtime budget as the current absence rate exceeds the estimate used in the development of the budget.

Through February, absences are down 7% (from 53,772 to 58,119 hours) when compared with the prior fiscal year but remain above historical levels. Absences are trending high in the areas of injury, FMLA usage, sick leave, and vacation usage. It is important to note that employees can elect for compensatory time over overtime pay when backfilling shift absences, which increases the need to backfill when the compensatory time is used. Through February, the compensatory time payouts total $1.18 million, which is above historical levels but 31% below the payouts of $1.72 million experienced through February of last fiscal year. The Department will continue to monitor expenditures throughout the fiscal year, and any necessary budget adjustments will be brought forward for City Council consideration.

Library Department: Through February, actual expenditures totaled $7.8 million, or 64.3% of the budget, which is slightly below par, but 15.3% higher than expenditure levels last fiscal year. The higher spending is primarily in the salaries and benefits, contractual services, and maintenance categories.

Parks and Recreation Department: Through February, actual expenditures totaled $14.2 million, or

59.1% of the budget, which is below par, and consistent with last fiscal year spend.

Police Department: Expenditures through February are tracking at expected levels at $60.0 million, or

64.7% of the budget; this is approximately 7.2% higher than prior year spending. The higher spend is primarily in the salaries and benefits, contractual services, and IT subscription services categories.

Stadium Operation: Stadium operating expenditures are incurred first and billed on a reimbursement basis creating a timing difference in revenue recognition. Stadium expenditures totaled $6.9 million through February, which is 13.3% lower when compared to prior year levels. This is primarily due to fewer ticketed Non-NFL events and NFL games being held in the current year, resulting in lower as needed and overtime spend. The Stadium hosted four ticketed Non-NFL events and ten NFL games through February, and these costs are fully reimbursed by the Stadium Manager and the Stadium Authority. The Bay Area Host Committee also provides reimbursement for expenses incurred related to Super Bowl LX and FIFA World Cup 2026 planning costs. Expenditures are tracking at about 73% of the annual budget but are expected to level out for the remainder of the year.

11 City of Santa Clara
Financial Status Report as of February 28, 2025

Special Revenue Funds
The table below is a summary of revenues and expenditures of select Special Revenue Funds as of February 28, 2025. The amended budget reflects carryover encumbrances from fiscal year 2023/24 and budget amendments approved by the City Council through February 2025.

Revenues totaled approximately $17.5 million, while expenditures totaled approximately $15.5 million through the end of February. Both revenue and expenditures are tracking below par of 66.7%. In the Building Development Services Fee Fund and Fire Development Services Fee Fund, development- related fees and expenditures are tracking above prior year levels. In the City Affordable Housing Fund, the lower spend compared to the prior year is due to a loan disbursement that occurred in FY 2023/24.

Higher grant receipts and spend have been recorded in the Housing and Urban Development Fund, which reflects activity in CDBG and HOME grant funded projects.

Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 2/28/2025 Received 2/29/2024 Prior Year Change Building Development Services
Fee Fund
16,164,000$ 16,164,000$ 11,371,413$ 70.35% 9,938,436$ 1,432,977$ 14.42% City Affordable Housing Fund 1,168,177 1,168,177 539,663 46.20% 489,280 50,383 10.30% Fire CUPA Fund 0 0 153,680 N/A 0 153,680 N/A
Fire Development Services Fee
Fund
3,277,500 3,277,500 2,831,095 86.38% 2,507,566 323,529 12.90% Housing and Urban Development 2,532,068 7,023,563 1,693,123 24.11% 840,218 852,905 101.51% Housing Authority Fund 252,496 252,496 36,318 14.38% 387,988 (351,670) -90.64% Housing Successor Fund 1,306,326 1,306,326 851,686 65.20% 349,883 501,803 143.42% TOTAL 24,700,567$ 29,192,062$ 17,476,978$ 59.87% 14,513,371$ 2,963,607$ 20.42% Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 2/28/2025 Used 2/29/2024 Prior Year Change Building Development Services
Fee Fund
15,044,148$ 17,302,488$ 10,173,268$ 58.80% 9,649,819$ 523,449$ 5.42% City Affordable Housing Fund 1,593,647 12,242,276 580,123 4.74% 3,029,776 (2,449,653) -80.85% Fire CUPA Fund 0 535,696 56,018 10.46% 0 56,018 N/A
Fire Development Services Fee
Fund
3,387,922 3,387,922 2,361,463 69.70% 2,050,680 310,783 15.16% Housing and Urban Development 2,532,068 7,968,912 1,806,098 22.66% 789,351 1,016,747 128.81% Housing Authority Fund 468,931 511,389 108,935 21.30% 113,176 (4,241) -3.75% Housing Successor Fund 902,579 1,012,590 425,882 42.06% 556,128 (130,246) -23.42% TOTAL 23,929,295$ 42,961,273$ 15,511,787$ 36.11% 16,188,930$ (677,143)$ -4.18%

PRIOR YEAR EXPENDITURE COMPARISON

CITY OF SANTA CLARA

SPECIAL REVENUE FUNDS

REVENUE AND EXPENDITURES - OVERVIEW AND COMPARISON BY FUND REVENUE - FISCAL YEAR 2024/25 PRIOR YEAR REVENUE COMPARISON EXPENDITURES - FISCAL YEAR 2024/25

12 City of Santa Clara
Financial Status Report as of February 28, 2025

Internal Service Funds
The table below displays the expenditures in the internal service funds across the City. The amended budget reflects current year appropriations, prior year carryover, and budget amendments approved through February 2025. As of February 28, 2025, the internal service fund expenditures totaled $34.0 million, or 54% of the amended budget. The significant increase in spend in the Communication Acquisitions Fund is due to the purchase of new public safety radios to replace the inventory that had reached the end of its useful life. The Vehicle Replacement Fund’s increase in expenditures reflect additional vehicle replacements in the City’s fleet.

Actual Actual $
Fund A
dopted Amended Through Percentage Through Change From Percent Description Budget Budget 2/28/2025 Used 2/29/2024 Prior Year Change Communication Acquisitions Fund 1,067,904$ 7,126,624$ 5,920,301$ 83.07% 311,831$ 5,608,470$ 1798.56% Fleet Maintenance and Operations
Fund
5,939,015 6,172,901 3, 899,001 63.16% 3,754,223 144,778 3.86% Information Technology Services
Fund
15,439,338 17,045,167 7, 199,061 42.24% 7,454,642 (255,581) -3.43% Public Works Capital Projects
Management Fund
4,373,674 5,157,651 2, 666,178 51.69% 2,546,784 119,394 4.69% Special Liability Fund 6,530,000 10,914,698 4,803,551 44.01% 4,656,534 147,017 3.16% Unemployment Insurance Fund 110,000 135,000 55,682 41.25% 37,987 17,695 46.58% Vehicle Replacement Fund 5,827,284 9,945,320 5,422,376 54.52% 4,170,654 1,251,722 30.01% Workers' Compensation Fund 6,437,000 6,437,000 4,073,663 63.29% 3,891,764 181,899 4.67% TOTAL 45,724,215$ 62,934,361$ 34,039,813$ 54.09% 26,824,419$ 7,215,394$ 26.90%

CITY OF SANTA CLARA

INTERNAL SERVICE FUNDS

EXPENDITURES - OVERVIEW AND COMPARISON BY FUND
EXPENDITURES - FISCAL YEAR 2024/25 PRIOR YEAR EXPENDITURE COMPARISON

13 City of Santa Clara
Financial Status Report as of February 28, 2025

Governmental Capital Improvement Funds
The table below lists the revenue for selected capital improvement funds. The amended budget reflects current year appropriations, prior year carryover, and budget amendments approved through February 2025. As of February 28, 2025, the capital fund revenue totaled $13.0 million, or 33.6% of the amended budget. In the City Affordable Housing Capital Fund, revenue collected reflects housing impact fees. In the Streets and Highways Capital Fund, the majority of the revenue collected reflects revenue from other agencies, grant funding, as well as VTA Measure B funds. The Parks and Recreation Capital Fund total reflects $1.5 million collected in Mitigation Fee Act revenue as well as $0.9 million interest earnings. The remaining $0.8 million reflects granting funding received for the Central Park Magical Bridge project.

REVENUE - FISCAL YEAR 2024/25
Actual
Fund Current Year Pr ior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 2/28/2025 Used City Affordable Housing Capital Fund -$ -$ -$ 2,968,732$ NA Parks & Recreation - 3,349,489 3,349,489 3,355,755 100.19% Related Santa Clara Developer 795,344 - 795,344 145,344 18.27% Storm Drain 1,786,902 3,000,000 4,786,902 1,131,408 23.64% Streets & Highways 6,505,068 19,534,183 26,039,251 5,278,531 20.27% Tasman East Specific Infrastructure
Improvement Fund
3,734,932 - 3,734,932 131,850 3.53% TOTAL 12,822,246$ 25,883,672$ 38,705,918$ 13,011,620$ 33.62%

CITY OF SANTA CLARA

GOVERNMENTAL CAPITAL IMPROVEMENT FUNDS

REVENUE - OVERVIEW AND COMPARISON BY SELECTED FUND

The table below lists the total amended budgeted amounts for expenditures in the Capital Improvement Funds. Similar to the revenue table, the amended expenditure budgets consist of current year appropriations, prior year carryover encumbrance balances in Governmental Capital Improvement Funds, and budget amendments approved through February 2025. As of February 28, 2025, capital fund expenditures totaled $21.5 million, or 12.4% of the amended budget.

As part of the adoption of the FY 2024/25 and FY 2025/26 biennial capital improvement program budget, some capital funds were carried over for projects that were not anticipated to be completed by June 30, 2024. Necessary additional adjustments to the capital carryover amounts were included as part of the FY 2023/24 Budget Year End Report approved on December 3, 3024 and are reflected in the tables below.

14 City of Santa Clara
Financial Status Report as of February 28, 2025

EXPENDITURES - FISCAL YEAR 2024/25
Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 2/28/2025 Used Fire 2,360,137$ 550,295$ 2,910,432$ 486,114$ 16.70% General Gov't - Other 5,013,009 9,675,140 14,688,149 1,026,480 6.99% Library 475,929 261,190 737,119 14,206 1.93% Parks & Recreation 12,423,980 22,186,879 34,610,859 2,451,077 7.08% Public Buildings 5,805,328 3,933,806 9,739,134 945,779 9.71% Related Santa Clara Developer 1,189,335 19,828 1,209,163 347,333 28.73% Storm Drain 3,794,643 6,658,409 10,453,052 1,012,027 9.68% Streets & Highways 49,505,747 46,415,359 95,921,106 15,230,867 15.88% Tasman East Specific Infrastructure
Improvement Fund
1,432,193 1,424,215 2,856,408 16,374 0.57% TOTAL 82,000,301$ 91,125,121$ 173,125,422$ 21,530,257$ 12.44%

CITY OF SANTA CLARA

GOVERNMENTAL CAPITAL IMPROVEMENT FUNDS

SUMMARY OF EXPENDITURES

15 City of Santa Clara
Financial Status Report as of February 28, 2025

Enterprise Funds
The table below is a summary of revenues and expenses for the Enterprise Operating Funds as of February 28, 2025. Overall, revenues are tracking above budgeted estimates, while expenditures are tracking below budgeted levels.

Actual Actual $
Fund A
dopted Amended Through Percentage Through Change From Percent Description Budget Budget 2/28/2025 Received 2/29/2024 Prior Year Change Cemetery Fund 750,000$ 750,000$ 397,885$ 53.05% 357,008$ 40,877$ 11.45% Electric Utility Fund 893,397,959 893,397,959 625,098,067 69.97% 445,628,772 179,469,295 40.27% Sewer Utility Fund 46,989,803 46,989,803 38,406,665 81.73% 46,862,494 (8,455,829) -18.04% Solid Waste Utility Fund 41,561,372 41,561,372 25,253,223 60.76% 23,944,437 1,308,786 5.47% Water Recycling Fund 8,507,338 8,507,338 7,875,808 92.58% 5,044,526 2,831,282 56.13% Water Utility Fund 64,096,935 64,096,935 42,401,163 66.15% 36,169,959 6,231,204 17.23% TOTAL REVENUE 1,055,303,407$ 1,055,303,407$ 739,432,811$ 70.07% 558,007,196$ 181,425,615$ 32.51% Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 2/28/2025 Used 2/29/2024 Prior Year Change Cemetery Fund 1,628,800$ 1,628,800$ 751,227$ 46.12% 664,008$ 87,219$ 13.14% Electric Utility Fund 649,513,582 672,335,619 358,842,108 53.37% 368,529,287 (9,687,179) -2.63% Sewer Utility Fund 38,762,083 39,278,049 28,763,345 73.23% 25,271,326 3,492,019 13.82% Solid Waste Utility Fund 40,775,942 43,928,485 24,788,600 56.43% 22,491,161 2,297,439 10.21% Water Recycling Fund 9,307,289 10,982,389 7,889,507 71.84% 5,458,992 2,430,515 44.52% Water Utility Fund 57,614,177 58,830,207 38,342,773 65.18% 34,599,174 3,743,599 10.82% TOTAL - Operating
Appropriations
797,601,873$ 826, 983,549$ 459,377,560$ 55.55% 457,013,948$ 2,363,612$ 0.52%

CITY OF SANTA CLARA

ENTERPRISE OPERATING FUNDS

REVENUE AND EXPENSES - OVERVIEW AND COMPARISON BY FUND
REVENUE - FISCAL YEAR 2024/25 PRIOR YEAR REVENUE COMPARISON PRIOR YEAR EXPENSE COMPARISONEXPENSES - FISCAL YEAR 2024/25

While revenues are tracking higher than prior years, expenditures are consistent with prior year levels.

Revenue in the Electric Utility Fund is tracking above the prior year due primarily to bond proceeds of $130.6 million received in FY 2024/25. In the Sewer Utility Fund, revenue is tracking below the prior year due to the issuance of debt in FY 2023/24.

Revenues in the electric (which also includes the Electric Debt Service Fund), water, and sewer utility (which also includes the Sewer Debt Service Fund) and water recycling funds are primarily from customer service charges. The activity levels for these customer service charges also impact the resource and production costs on the expenditure side for these funds. As the Water Recycling Fund is tracking high on both revenue and expenditure categories, staff will continue to monitor and bring forward a budget amendment for Council approval at later date if necessary.

16 City of Santa Clara
Financial Status Report as of February 28, 2025

A summary of revenue and expenses in the Enterprise Capital Improvement Funds is detailed in the table below. Actual revenue through February 28, 2025, totaled $26.7 million, consisting primarily of developer contributions and load development fees in the Electric Utility Fund and sewer fees and reimbursements from the City of San Jose for the Regional Wastewater Facility in the Sewer Utility Fund. Enterprise capital fund expenses totaled $43.2 million, or 8.3% of the amended budget. Similar to the general government capital funds, capital funds were carried over from FY 2023/24 as part of the FY 2024/25 and FY 2025/26 budget adoption process for those projects that were not expected to be completed by June 30, 2024. Necessary additional adjustments to the capital carryover amounts were included as part of the FY 2023/24 Budget Year End Report approved on December 3, 2024, and are reflected below.

Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 2/28/2025 Used Convention Center Capital
Fund
550,000$ -$ 550,000$ 550,000$ 100.00% Electric Utility Fund 25,282,233 26,030,596 51,312,829 23,828,856 46.44% Sewer Utility Fund - - - 2,321,754 N/A Solid Waste Utility Fund 258,000 - 258,000 9,195 3.56% Street Lighting (1) - - - 837 N/A Water Utility Fund - - - 30,684 N/A TOTAL - Revenue 26,090,233$ 26,030,596$ 52,120,829$ 26,741,326$ 51.31% Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 2/28/2025 Used Cemetery Fund 22,524$ 252,644$ 275,168$ 3,126$ 1.14% Convention Center Capital
Fund
2,699,999 1,723,150 4,423,149 827,109 18.70% Electric Utility Fund 259,249,754 184,117,774 443,367,528 32,524,288 7.34% Sewer Utility Fund 24,421,888 24,213,217 48,635,105 6,035,044 12.41% Solid Waste Utility Fund 907,874 24,569 932,443 515,498 55.28% Street Lighting (1) 5,374,952 3,524,758 8,899,710 174,083 1.96% Water Recycling Fund 400,000 - 400,000 1,053 0.26% Water Utility Fund 8,731,864 2,692,753 11,424,617 3,123,211 27.34%

TOTAL - CIP
Appropriations
301,808,855$ 216,548,865$ 518,357,720$ 43,203,412$ 8.33% EXPENDITURES - FISCAL YEAR 2024/25

CITY OF SANTA CLARA

ENTERPRISE CAPITAL IMPROVEMENT FUNDS

REVENUE AND EXPENSES - OVERVIEW AND COMPARISON BY SELECTED FUND REVENUE - FISCAL YEAR 2024/25

(1) Street Lighting fund is part of Electric Capital Improvement Funds

17 City of Santa Clara
Financial Status Report as of February 28, 2025

Fund Reserves
By policy, City Council established the City’s General Contingency Reserve, under which reserves for Budget Stabilization and Capital Projects were established. • Budget Stabilization Reserve is set aside for weathering economic downturns, emergency financial crisis, or disaster situations. The reserve target is equal to the expenditures of the City’s General Fund operations for three months (90-day or 25% General Fund Adopted Operating Budget). In FY 2024/25, the City Council approved an exception to the policy to allow the Reserve to drop to a minimum of 15% of expenditures. • Capital Projects Reserve earmarks funds for the Capital Improvement Program.

Other General Reserves and Enterprise Fund Reserves included in this report are highlighted as follows:
• Technology Fee Reserve is set aside to update and/or replace the City’s aging technology and to ensure internal controls are in compliance with current business standard and legal requirements.
• Land Sale Reserve is net proceeds from the sale of City-owned land, with interest earned on these funds available to be appropriated for General Fund operating expenditures. This reserve is available for appropriation by City Council action.
• The Electric Utility Rate Stabilization Reserve and Operations and Maintenance Reserve ensures sufficient operating cash is available to cover day-to-day expenses, address unforeseen cost increases or revenue shortfalls, and ensure debt service coverage. • The Replacement and Improvement Reserve in the Water and Sewer Utility Funds is for future capital improvement.

The table below summarizes select reserve balances.

18 City of Santa Clara
Financial Status Report as of February 28, 2025

DETAIL OF SELECTED FUND RESERVE BALANCES:

GENERAL

FUND ELECTRIC WATER
Budget Stabilization Reserve 69,138,768$
Capital Projects Reserve 7,834,572
Land Sale Reserve 18,481,036
Technology Fee Reserve 2,477,529
Electric Rate Stabilization Fund Reserve 70,000,000$
Electric Operations and Maintenance Reserve 257,000,000 Replacement & Improvement 303,090$
TOTALS 97,931,905$ 327,000,000$ 303,090$

CITY OF SANTA CLARA

RESERVE BALANCES
February 28, 2025

Donations to the City of Santa Clara
Donations received by department during the month of February 2025 and for fiscal year 2024/25 are shown in the table below.

Department Feb-25
Fiscal Year
2024/25
Year To Date Designated Use
City Manager's Office 30 32 Help Your Neighbor Parks & Recreation - 4,000 Case Management Parks & Recreation - 632 Reed/Grant Park Soccer Equipment Parks & Recreation - 3,915 Roberta Jones Jr. Theatre Parks & Recreation - 19,375 Wade Brummal TOTALS 30$ 27,954$

_____________________________________________________________________

MONTHLY INVESTMENT REPORT

February 2025

City of
Santa Clara
The Center of What 's Possible
City of Santa Clara
Monthly Investment Report

TABLE OF CONTENTS
Page #
1 Summary of Investment Portfolio 1
2 Summary of Investments 5
3 Investment Maturity Distribution Schedule 6
4 Attachment A: Investment Inventory With Market Value 7 5 Attachment B: Statement of Transactions 12
1 CITY OF SANTA CLARA

SUMMARY OF INVESTMENT PORTFOLIO
All securities held by the City of Santa Clara as of February 28, 2025 were in compliance with the City's Investment Policy Statement regarding current market strategy and long-term goals and objectives. All securities held are rated A or higher by two nationally recognized rating agencies. There is adequate cash flow and maturity of investments to meet the City’s needs for the next six months.

The following table provides the breakdown of the total portfolio among the City, the Sports and Open Space Authority (SOSA), and the Housing Authority (HA) as of February 28, 2025.

On
February 28, 2025, the cost value and market value of the City's unrestricted pooled investment portfolio were $1,347,386,465 and $1,348,899,316
respectively.

Investment Strategy and Market Update
Tariffs on Mexico and Canada went into effect in early March with a one-month exemption for autos and any items covered under t
he United States-Mexico-Canada Trade Agreement(“USMCA”). An additional 10% tariff was levied on China, and a25% tariff on steel and aluminum is set to take effect on March12. The market is also focusing on the potential for reciprocal tariffs to be announced i
n early April, which may be met by retaliatory tariffs.

The month-over-month change in the Core Personal Consumption Expenditures Index (PCE), whi ch is t he Fed’s preferred measure of
inflation, increased to its highest level since October on higher goods prices. Core PCE, which omits volatile food and energy prices, slowed to 2.6% year-over-year mainly on favorable base effects.

In February, nonfarm payrolls grew 151,000, slightly missing expectations, but continuing to show solid growth. The unemployment rate also missed expectations and rose to 4.1%. Initial jobless claims for fed eral w orkers will be a focus going forward as markets l
ook for the first signs of the potential impact of federal job cuts.

U.S. Treasury yields beyond one year declined notably over the latter half of the month on fears related to inflation and its impact on t
he consumer and growth. The yield on the 10-yearU.S. Treasury remains firmly above its two-year average while2-year yields have now moved below their two-year average. Yields on 2-year and 10-year Treasuries declined 20 basis points (bps) and 33 bps, respectively, underscoring uncertainty in the market surrounding geopolitical tensions, inflation expectations, and labor market conditions. This resulted in the yield curve inverting again in February as yields on 3-month,2-year, and 10-year U.S. Treasuries ended the month at 4.29%,3.99%, and 4.21%, respectively.

COST VALUE PERCENTAGE
City $1,346,230,769 99.91%
SOSA 10,320

0.00%
HA 1,145,376 0.09%
Unrestricted $1,347,386,465 100.00%
Restricted Bond Proceeds 2,423,728
Total Investments $1,349,810,193
2 The City's investment strategy for February 2025 was to invest funds not required to meet current obligations, in securities listed in the prevailing Investment Policy Statement, with maturities not to exceed five years from date of purchase. This strategy ensures safety of the City’s funds, provides liquidity to meet the City’s cash needs , and earns a reasonable portfolio return. PFM Asset Management LLC began actively managing the City’s securities portfolio on September 1, 2020.

As of February 28 , 2025, 52.68% of the City’s portfolio consists of U.S. Treasury Notes, 21.37 % consists of California Asset Management Program (CAMP) , 14.63% consists of investment grade Corporate Notes , 4.92% consists of investment grade Mortgage-Backed Securities, 4.69% consists of investment grade Asset-Back Securities, 0.56% consists of Negotiable Certificates of Deposit, 0.51% consists of Federal Agencies, and 0. 46% consists of Local Agency Investment Fund (LAIF) . In addition, City bond proceeds are invested in separate funds and are not included in the calculation of the City’s portfolio yield.

U.S. Treasury Notes

52.68%
Federal Agency Notes

0.51%
Corporate Notes

14.63%
Asset-Backed Securities

4.69%
Negotiable Certificates of
Deposit

0.56%
Mortgage-Backed Securities

4.92% Money Market Fund

0.00% Local Agency Investment
Fund (LAIF)

0.46%
California Asset Management
Program (CAMP)

21.37%
Mutual Fund - Traffic Mitigation
Bond Proceeds

0.18%
3 The Ci
ty’s securities portfolio is benchmarked against the ICE BAML 1-5 US Treasury Index.

4.03%

4.40%

4.54%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%
Securities Portfolio Yield at Cost vs Index 24-Month Average of Yield at Market Securities Portfolio (yield at cost)
City's Benchmark Index (24-month rolling average market yield) BofA 1-5 AAA-A Corp & Gov't Index (24-month rolling average market yield) 4 The fol
lowing table summarizes the investment yields other information of the City’s investment portfolio components, along with comparable-maturity market indices. Also shown are the monthly interest income and aggregate year-to-date income.

Current Month
2/28/2025
Investment Yield
Liquidity Portfolio1 4.49%
LAIF average monthly yield 4.33%
Securities Portfolio2 4.03%
ICE BAML 1-5 US Treasury Index (24-month rolling average market yield) 4.40% ICE BAML 1-5 AAA-A US Corporate & Government Index (24-month rolling average market yield) 4.54%
City Portfolio (Liquidity + Securities) 4.13%
Investment Total Return*
Securities Portfolio 1.04%
ICE BAML 1-5 US Treasury Index 0.98%
ICE BAML 1-5 AAA-A US Corporate & Government Index 0.97% Average Maturity of Investments (in years)
Liquidity Portfolio1 0.09
Securities Portfolio2 2.86
City Portfolio (Liquidity + Securities) 2.27
ICE BAML 1-5 US Treasury Index 2.74
ICE BAML 1-5 AAA-A US Corporate & Government Index 2.75 Cash Interest Income Current Month3 $ 4,505,854
Cash Interest Income Fiscal Year-To-Date3 $ 29,812,017

1. Consists of CAMP Pool, LAIF, Dreyfus Traffic Mitigation Fund, & Principal Sweep Account

2. Core long term portfolio managed by PFM Asset Management

3. Cash basis
* Total rate of return including earnings, distributions, and capital appreciation/depreciation of all portfolio assets 5 CITY OF SANTA CLARA
SUMMARY OF INVESTMENTS FEBRUARY 28, 2025

PER
COST % OF INVESTMENT

INVESTMENT TYPE VALUE PORTFOLIO POLICY

U.S. Treasury Notes 711,072,018 52.68% No Limit Federal Agency Notes 6,862,929 0.51% 80% Corporate Notes 197,413,634 14.63% 25%
Asset-Backed Securities 63,279,933 4.69% 10% Negotiable Certificates of Deposit 7,500,000 0.56% 30% Mortgage-Backed Securities 66,456,712 4.92% 15% Money Market Fund 33,966 0.00% 10% Per Fund Local Agency Investment Fund (LAIF) 6,143,281 0.46% $75 M California Asset Management Program (CAMP) 288,623,992 21.37% No Limit Mutual Fund - Traffic Mitigation Bond Proceeds 2,423,728 0.18% 10% Per Fund TOTAL INVESTMENTS $ 1,349,810,193 100.00%

6 INVESTMENT MATURITY DISTRIBUTION
AS OF FEBRUARY 28, 2025

UNRESTRICTED POOLED PORTFOLIO

MATURITY NUMBER OF
(IN MONTHS) COST VALUE INVESTMENTS DISTRIBUTION
DEMAND (a) $ 254,801,238 (a) 3 18.91%
0 TO 6 82,927,842 13 6.15%
7 TO 12 31,362,640 6 2.33%
13 TO 18 63,530,437 10 4.72%
19 TO 24 118,302,734 12 8.78%
25 TO 30 157,260,529 18 11.67%
31 TO 36 155,455,852 23 11.54%
37 TO 42 134,262,699 25 9.96%
43 TO 48 135,162,640 21 10.03%
49 TO 54 151,547,761 22 11.25%
55 TO 60 62,772,093 13 4.66%
TOTAL $ 1,347,386,465 166 100.00%
Average Maturity of Unrestricted Pool: 2.27 Years
(a) $20 million is earmarked for the City's Electric Utility power -trading. 0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
22%
24%

INVESTMENT MATURITY DISTRIBUTION

UNRESTRICTED POOLED PORTFOLIO
AS OF FEBRUARY 28, 2025
City of Santa Clara Monthly Report
2/28/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L UNITED STATES TREASURY 4/30/2024 4.875% 4/30/2026 91282CKK6 13,735,000.00 AA+ 11/21/2024 13,838,012.50 4.33% 13,852,571.60 14,559.10 UNITED STATES TREASURY 5/31/2024 4.875% 5/31/2026 91282CKS9 15,790,000.00 AA+ 11/21/2024 15,912,125.78 4.34% 15,939,215.50 27,089.72 UNITED STATES TREASURY 9/15/2023 4.625% 9/15/2026 91282CHY0 19,355,000.00 AA+ 11/21/2024 19,456,311.33 4.32% 19,524,356.25 68,044.92 UNITED STATES TREASURY 9/15/2023 4.625% 9/15/2026 91282CHY0 10,000,000.00 AA+ 10/3/ 2023 9,930,468.75 4.88% 10,087,500.00 157,031.25 UNITED STATES TREASURY 10/16/2023 4.625% 10/15/2026 91282CJC6 9,975,000.00 AA+ 1/13/ 2025 10,019,809.57 4.35% 10,066,570.50 46,760.93 UNITED STATES TREASURY 11/15/2023 4.625% 11/15/2026 91282CJK8 24,250,000.00 AA+ 11/20/ 2024 24,413,876.95 4.27% 24,485,952.50 72,075.55 UNITED STATES TREASURY 11/15/2023 4.625% 11/15/2026 91282CJK8 13,925,000.00 AA+ 10/16/ 2024 14,115,380.86 3.93% 14,060,490.25 -54,890.61 UNITED STATES TREASURY 12/15/2023 4.375% 12/15/2026 91282CJP7 11,110,000.00 AA+ 12/18/ 2024 11,138,642.97 4.24% 11,177,659.90 39,016.93 UNITED STATES TREASURY 1/31/2025 4.125% 1/31/2027 91282CMH 1 4,065,000.00 AA+ 2/3/2025 4,058,013.28 4.22% 4,073,902.35 15,889.07 UNITED STATES TREASURY 1/31/2025 4.125% 1/31/2027 91282CMH 1 2,400,000.00 AA+ 2/18/2025 2,394,281.25 4.25% 2,405,256.00 10,974.75 UNITED STATES TREASURY 2/15/2024 4.125% 2/15/2027 91282CKA8 12,205,000.00 AA+ 12/19/2024 12,180,208.59 4.22% 12,233,559.70 53,351.11 UNITED STATES TREASURY 4/15/2024 4.500% 4/15/2027 91282CKJ 9 21,925,000.00 AA+ 11/20/2024 22,050,041.02 4.25% 22,148,635.00 98,593.98 UNITED STATES TREASURY 5/15/2017 2.375% 5/15/2027 912828X88 5,400,000.00 AA+ 8/8/2022 5,248,546.88 3.01% 5,216,886.00 -31,660.88 UNITED STATES TREASURY 5/15/2024 4.500% 5/15/2027 91282CKR 1 15,280,000.00 AA+ 12/18/2024 15,373,112.50 4.23% 15,443,496.00 70,383.50 UNITED STATES TREASURY 5/15/2024 4.500% 5/15/2027 91282CKR 1 2,200,000.00 AA+ 9/17/2024 2,257,492.19 3.46% 2,223,540.00 -33,952.19 UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 27,665,000.00 AA+ 9/27/2024 28, 426,868.16 3.55% 28, 053,969.90 -372,898.26 UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 5,020,000.00 AA+ 10/22/2024 5,102,947.66 3.96% 5,090,581.20 -12,366.46 UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 10,000,000.00 AA+ 10/16/2024 10, 188,671.88 3.87% 10,140,600.00 -48,071.88 UNITED STATES TREASURY 8/1/2022 2.750% 7/31/2027 91282CFB 2 10,800,000.00 AA+ 9/14/2022 10,392,046.88 3.60% 10,497,060.00 105,013.12 UNITED STATES TREASURY 8/15/1997 6.375% 8/15/2027 912810FA1 9,390,000.00 AA+ 10/5/2023 9,913,052.34 4.78% 9,924, 103.20 11,050.86 UNITED STATES TREASURY 8/15/2017 2.250% 8/15/2027 9128282R0 11,115,000.00 AA+ 9/6/2022 10,537,975.20 3.40% 10, 670,844.60 132,869.40 UNITED STATES TREASURY 9/30/2022 4.125% 9/30/2027 91282CFM8 7,495,000.00 AA+ 10/11/2024 7,546,528.13 3.88% 7,524,305.45 -22,222.68 UNITED STATES TREASURY 9/30/2022 4.125% 9/30/2027 91282CFM8 3,785,000.00 AA+ 11/3/2022 3,760,308.79 4.27% 3,799,799.35 39,490.56 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 18,960,000.00 AA+ 10/11/2024 19, 088,128.13 3.89% 19,031,100.00 -57,028.13 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 4,750,000.00 AA+ 1/31/2023 4,833,310.55 3.72% 4,767,812.50 -65,498.05 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 5,100,000.00 AA+ 12/13/2022 5,165,343.75 3.83% 5,119,125.00 -46,218.75 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 10,930,000.00 AA+ 12/8/2022 11, 081,995.31 3.81% 10, 970,987.50 -111,007.81 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 16,115,000.00 AA+ 9/17/2024 16, 442,335.94 3.43% 16, 175,431.25 -266,904.69 UNITED STATES TREASURY 11/17/1997 6.125% 11/15/2027 912810FB9 3,100,000.00 AA+ 7/ 24/2024 3,288,058.59 4.14% 3 ,272,918.00 -15,140.59 UNITED STATES TREASURY 11/30/2022 3.875% 11/30/2027 91282CFZ9 7,130,000.00 AA+ 9/5/2024 7,182,917.97 3.63% 7,110,820.30 -72,097.67 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 8,255,000.00 AA+ 1/31/ 2023 8,320,459.57 3.70% 8,234,362.50 -86,097.07 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 7,325,000.00 AA+ 2/8/ 2023 7,333,583.98 3.85% 7,306,687.50 -26,896.48 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 4,850,000.00 AA+ 2/2/ 2023 4,906,078.13 3.62% 4,837,875.00 -68,203.13 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 7,175,000.00 AA+ 9/27/ 2024 7,247,030.27 3.54% 7,157,062.50 -89,967.77 UNITED STATES TREASURY 1/31/2023 3.500% 1/31/2028 91282CGH8 7,505,000.00 AA+ 5/16/ 2023 7,508,517.97 3.49% 7,407,359.95 -101,158.02 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 8,080,000.00 AA+ 1/26/ 2024 8,063,587.50 4.05% 8,084,767.20 21,179.70 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 7,360,000.00 AA+ 5/16/ 2023 7,532,500.00 3.46% 7,364,342.40 -168,157.60 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 6,600,000.00 AA+ 3/7/ 2023 6,526,781.25 4.25% 6,603,894.00 77,112.75 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 5,215,000.00 AA+ 10/11/2024 5,230,685.74 3.90% 5 ,218,076.85 -12,608.89 UNITED STATES TREASURY 3/31/2023 3.625% 3/31/2028 91282CGT2 5,765,000.00 AA+ 5/4/ 2023 5,816,569.73 3.42% 5,706,658.20 -109,911.53 UNITED STATES TREASURY 3/31/2023 3.625% 3/31/2028 91282CGT2 5,030,000.00 AA+ 5/2/ 2023 5,023,712.50 3.65% 4,979,096.40 -44,616.10 UNITED STATES TREASURY 5/1/2023 3.500% 4/30/2028 91282CHA2 5,075,000.00 AA+ 5/2/ 2023 5,042,488.28 3.64% 5,002,224.50 -40,263.78 UNITED STATES TREASURY 5/31/2023 3.625% 5/31/2028 91282CHE4 11,735,000.00 AA+ 6/5/ 2023 11,695,577.73 3.70% 11,607,557.90 -88,019.83 UNITED STATES TREASURY 5/31/2023 3.625% 5/31/2028 91282CHE4 8,285,000.00 AA+ 1/26/ 2024 8,149,074.22 4.04% 8,195,024.90 45,950.68 UNITED STATES TREASURY 6/30/2023 4.000% 6/30/2028 91282CHK0 11,300,000.00 AA+ 7/10/ 2023 11,117,699.22 4.36% 11,306,667.00 188,967.78 UNITED STATES TREASURY 6/30/2023 4.000% 6/30/2028 91282CHK0 1,700,000.00 AA+ 7/3/ 2023 1,687,183.59 4.17% 1,701,003.00 13,819.41 3/11/2025 2:49 PM 1 of 5
Attachment A
City of Santa Clara Monthly Report
2/28/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L UNITED STATES TREASURY 7/31/2023 4.125% 7/31/2028 91282CHQ7 4,950,000.00 AA+ 8/2/2023 4,921,962.89 4.25% 4 ,973,017.50 51,054.61 UNITED STATES TREASURY 8/31/2023 4.375% 8/31/2028 91282CHX2 7,940,000.00 AA+ 1/26/2024 8,054,137.50 4.03% 8 ,038,297.20 -15,840.30 UNITED STATES TREASURY 8/31/2023 4.375% 8/31/2028 91282CHX2 1,735,000.00 AA+ 8/31/2023 1,742,726.17 4.28% 1 ,756,479.30 13,753.13 UNITED STATES TREASURY 10/31/2023 4.875% 10/31/2028 91282CJF9 5,900,000.00 AA+ 1/4/ 2024 6,140,839.84 3.94% 6 ,074,227.00 -66,612.84 UNITED STATES TREASURY 10/31/2023 4.875% 10/31/2028 91282CJF9 5,160,000.00 AA+ 1/8/ 2024 5,355,717.19 4.00% 5 ,312,374.80 -43,342.39 UNITED STATES TREASURY 11/16/1998 5.250% 11/15/2028 912810FF0 11,160,000.00 AA+ 9/17/2024 11, 969,100.00 3.37% 11, 636,085.60 -333,014.40 UNITED STATES TREASURY 11/30/2023 4.375% 11/30/2028 91282CJN2 8,025,000.00 AA+ 1/26/ 2024 8,150,704.10 4.01% 8 ,128,763.25 -21,940.85 UNITED STATES TREASURY 1/2/2024 3.750% 12/31/2028 91282CJR 3 14,950,000.00 AA+ 1/19/2024 14,770,132.81 4.02% 14,816,347.00 46,214.19 UNITED STATES TREASURY 1/2/2024 3.750% 12/31/2028 91282CJR 3 6,250,000.00 AA+ 1/4/2024 6,202,148.44 3.92% 6,194,125.00 -8,023.44 UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW 2 6,400,000.00 AA+ 2/13/2024 6,367,750.00 4.11% 6,399,488.00 31,738.00 UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW 2 5,030,000.00 AA+ 2/14/2024 4,968,107.42 4.28% 5,029,597.60 61,490.18 UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW 2 4,735,000.00 AA+ 9/5/2024 4,814,348.24 3.58% 4,734,621.20 -79,727.04 UNITED STATES TREASURY 2/16/1999 5.250% 2/15/2029 912810FG8 8,610,000.00 AA+ 7/24/2024 9,040,500.00 4.04% 9,034, 128.60 -6,371.40 UNITED STATES TREASURY 2/29/2024 4.250% 2/28/2029 91282CKD 2 4,375,000.00 AA+ 9/27/2024 4,498,046.88 3.56% 4,414,156.25 -83,890.63 UNITED STATES TREASURY 2/29/2024 4.250% 2/28/2029 91282CKD 2 2,850,000.00 AA+ 3/7/2024 2,867,923.83 4.11% 2,875,507.50 7,583.67 UNITED STATES TREASURY 4/1/2024 4.125% 3/31/2029 91282CKG 5 10,050,000.00 AA+ 4/11/2024 9,938,900.39 4.37% 10,094,019.00 155,118.61 UNITED STATES TREASURY 4/30/2024 4.625% 4/30/2029 91282CKP5 16,425,000.00 AA+ 4/30/2024 16,412,167.97 4.64% 16,810,659.00 398,491.03 UNITED STATES TREASURY 4/30/2024 4.625% 4/30/2029 91282CKP5 5,625,000.00 AA+ 8/2/2024 5,809,570.31 3.86% 5,757,075.00 -52,495.31 UNITED STATES TREASURY 5/31/2024 4.500% 5/31/2029 91282CKT 7 4,950,000.00 AA+ 6/7/2024 4,993,892.58 4.30% 5,044,347.00 50,454.42 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 24,360,000.00 AA+ 9/5/2024 25, 072,406.07 3.58% 24, 589,227.60 -483,178.47 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 1,100,000.00 AA+ 8/15/2024 1,128,316.41 3.67% 1,110,351.00 -17,965.41 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 7,590,000.00 AA+ 7/3/2024 7,538,411.72 4.40% 7,661,421.90 123,010.18 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 16,955,000.00 AA+ 7/3/2024 16,858,965.82 4.38% 17,114,546.55 255,580.73 UNITED STATES TREASURY 7/31/2024 4.000% 7/31/2029 91282CLC3 9,575,000.00 AA+ 9/17/2024 9,819,237.30 3.43% 9 ,572,797.75 -246,439.55 UNITED STATES TREASURY 8/31/2022 3.125% 8/31/2029 91282CFJ5 10,650,000.00 AA+ 9/27/2024 10, 429,095.70 3.59% 10, 263,511.50 -165,584.20 UNITED STATES TREASURY 9/3/2024 3.625% 8/31/2029 91282CLK5 12,700,000.00 AA+ 9/5/ 2024 12,736,214.84 3.56% 12,503,531.00 -232,683.84 UNITED STATES TREASURY 9/3/2024 3.625% 8/31/2029 91282CLK5 1,870,000.00 AA+ 9/3/ 2024 1,864,156.25 3.69% 1 ,841,071.10 -23,085.15 UNITED STATES TREASURY 9/30/2024 3.500% 9/30/2029 91282CLN9 5,575,000.00 AA+ 10/10/ 2024 5,481,792.97 3.87% 5 ,456,531.25 -25,261.72 UNITED STATES TREASURY 9/30/2024 3.500% 9/30/2029 91282CLN9 5,185,000.00 AA+ 10/8/2024 5,101,756.45 3.86% 5 ,074,818.75 -26,937.70 UNITED STATES TREASURY 10/31/2024 4.125% 10/31/2029 91282CLR0 3,175,000.00 AA+ 10/31/ 2024 3,172,395.51 4.14% 3 ,189,890.75 17,495.24 UNITED STATES TREASURY 10/31/2024 4.125% 10/31/2029 91282CLR0 1,140,000.00 AA+ 11/15/ 2024 1,131,539.06 4.29% 1 ,145,346.60 13,807.54 UNITED STATES TREASURY 12/2/2024 4.125% 11/30/2029 91282CMA6 13,100,000.00 AA+ 12/6/2024 13,123,539.06 4.08% 13,167,596.00 44,056.94 UNITED STATES TREASURY 12/2/2024 4.125% 11/30/2029 91282CMA6 2,700,000.00 AA+ 12/31/2024 2,672,472.66 4.36% 2 ,713,932.00 41,459.34 UNITED STATES TREASURY 12/2/2024 4.125% 11/30/2029 91282CMA6 5,200,000.00 AA+ 12/13/2024 5,178,265.63 4.22% 5 ,226,832.00 48,566.37 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG 3 5,100,000.00 AA+ 2/5/2025 5,081,200.85 4.33% 5,153,397.00 72,196.15 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG 3 1,115,000.00 AA+ 2/6/2025 1,115,261.33 4.24% 1,126,674.05 11,412.72 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 10,000.00 AA+ 1/31/2025 9,970.70 4.32% 10,104.70 134.00 U.S. Treasury Bond / Note Subtotal 706,445,000.00 711,072,018.27 709,846,606.90 -1,225,411.37 FANNIE MAE 11/12/2020 0.500% 11/7/2025 3135G06G3 1,860,000.00 AA+ 12/29/2020 1,864,929.00 0.44% 1 ,814,039.40 -50,889.60 FNMA Medium Term Note Subtotal 1,860,000.00 1,864,929.00 1,814,039.40 -50,889.60 FREDDIE MAC 8/30/2022 4.050% 8/28/2025 3134GXS54 5,000,000.00 AA+ 8/30/2022 4,998,000.00 4.06% 4 ,991,050.00 -6,950.00 FHLMC Medium Term Note Subtotal 5,000,000.00 4,998,000.00 4,991,050.00 -6,950.00 FANNIE MAE-ACES 7/1/2023 4.182% 7/1/2028 3136BQDE6 8,358,106.01 AA+ 11/30/ 2023 8,033,902.73 5.14% 8 ,291,742.69 257,839.96 3/11/2025 2:49 PM 2 of 5
Attachment A
City of Santa Clara Monthly Report
2/28/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L FANNIE MAE-ACES 7/1/2023 4.182% 7/1/2028 3136BQDE6 7,259,612.16 AA+ 7/31/ 2023 7,136,539.05 4.58% 7 ,201,970.80 65,431.75

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 1/1/2017 3.347% 11/1/2026 3137BTU M1 5,199,583.42 AA+ 5/24/2023 5,039,533.76 4.29% 5,115,246.18 75,712.42

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 5/1/2017 3.224% 3/1/2027 3137BXQY1 8,000,000.00 AA+ 8/18/ 2023 7,546,250.00 4.94% 7 ,837,760.00 291,510.00

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2017 3.243% 4/1/2027 3137F1G44 4,545,000.00 AA+ 8/18/ 2023 4,285,260.35 4.93% 4 ,452,191.10 166,930.75

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 8/1/2017 3.117% 6/1/2027 3137F2LJ3 6,525,000.00 AA+ 8/22/ 2023 6,101,894.53 4.97% 6 ,364,028.25 262,133.72

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.819% 6/1/2028 3137HAC X2 7,500,000.00 AA+ 7/20/2023 7,574,910.00 4.59% 7 ,601,100.00 26,190.00

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.777% 6/1/2028 3137HAD 45 6,038,172.91 AA+ 7/27/2023 6,038,021.97 4.78% 6,072,952.79 34,930.82

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 10/1/2023 4.740% 8/1/2028 3137HAQ 74 5,750,000.00 AA+ 10/19/2023 5, 623,868.00 5.25% 5,816,297.50 192,429.50

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 2/1/2025 4.850% 1/1/2030 3137HJZ Y6 9,019,000.00 AA+ 2/27/2025 9,076,532.20 4.70% 9,199,289.81 122,757.61 Federal Agency Commercial
Mortgage-Backed Security Subtotal 68,194,474.50 66,456, 712.59 67,952,579.12 1,495,866.53 ADOBE INC 4/4/2024 4.800% 4/4/2029 00724PAF 6 1,635,000.00 A+ 4/4/2024 1,632,563.85 4.83% 1,660,718.55 28,154.70 ADOBE INC 4/4/2024 4.800% 4/4/2029 00724PAF 6 1,340,000.00 A+ 4/4/2024 1,337,762.20 4.84% 1,361,078.20 23,316.00 ALPHABET INC 8/9/2016 1.998% 8/15/2026 02079KAC 1 5,740,000.00 AA+ 1/30/2023 5,354,386.80 4.05% 5,565,159.60 210,772.80 AMAZON.COM INC 4/13/2022 3.300% 4/13/2027 023135CF1 6,715,000.00 AA 4/25/2022 6,672,964.10 3.44% 6,596,345.95 -76,618.15 BANK OF NY MELLON CORP 1/28/2021 0.750% 1/28/2026 06406RAQ 0 9,000,000.00 A 2/10/2021 9,025,920.00 0.69% 8, 716,680.00 -309,240.00 BLACKROCK INC 3/28/2017 3.200% 3/15/2027 09247XAN1 4,140,000.00 AA- 5/18/2022 4,086,055.80 3.50% 4,060,015.20 -26,040.60 BLACKROCK INC 3/28/2017 3.200% 3/15/2027 09247XAN1 4,140,000.00 AA- 5/18/2022 4,085,352.00 3.50% 4,060,015.20 -25,336.80 BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 2,924,000.00 AA- 4/11/2024 2,911,222.12 4.80% 2,963,971.08 52,748.96 BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 350,000.00 AA- 3/14/2024 349,366.50 4.74% 354,784.50 5,418.00 BOFA SECURITIES INC. 3/22/2022 3.384% 4/2/2026 06051GKM 0 5,000,000.00 A- 3/22/2022 5,005,100.00 3.36% 4,994,800.00 -10,300.00 BOFA SECURITIES INC. 8/18/2023 5.526% 8/18/2026 06428CAA2 4,000,000.00 A+ 8/18/2023 3,998,360.00 5.54% 4,065,280.00 66,920.00 BOFA SECURITIES INC. 4/22/2021 1.734% 7/22/2027 06051GJS 9 1,420,000.00 A- 8/10/2022 1,281,251.80 3.92% 1 ,365,898.00 84,646.20 BRISTOL-MYERS SQUIBB CO 11/13/2020 0.750% 11/13/2025 110122DN5 5,725,000.00 A 6/ 30/2021 5,672,673.50 0.96% 5 ,580,329.25 -92,344.25 CITIBANK NA 9/29/2023 5.803% 9/29/2028 17325FBB3 11,225,000.00 A+ 9/ 29/2023 11,225,000.00 5.80% 11,691,174.25 466,174.25 ELI LILLY & COMPANY 3/5/2015 2.750% 6/1/2025 532457BH0 5,415,000.00 A+ 2/ 10/2022 5,559,255.60 1.91% 5 ,390,578.35 -168,677.25 ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/2029 532457CQ9 1,555,000.00 A+ 8/14/2024 1,557,643.50 4.16% 1,543,959.50 -13,684.00 ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/ 2029 532457CQ9 445,000.00 A+ 8/14/ 2024 444,025.45 4.25% 441,840.50 -2,184.95 HERSHEY CO/THE 8/21/2015 3.200% 8/21/2025 427866AU2 3,000,000.00 A 3/30/2022 3,014,040.00 3.05% 2 ,981,820.00 -32,220.00

HONEYWELL INTERNATIONAL
INC 5/18/2020 1.350% 6/1/2025 438516CB0 5,000,000.00 A 9/8/2021 5,097,900.00 0.82% 4, 960,500.00 -137,400.00

HONEYWELL INTERNATIONAL
INC 5/18/2020 1.350% 6/1/2025 438516CB0 2,255,000.00 A 3/22/2022 2,181,960.55 2.41% 2,237,185.50 55,224.95 JOHN DEERE CAPITAL CORP 6/17/2021 1.050% 6/17/2026 24422EVR 7 5,000,000.00 A 12/8/2021 4, 908,600.00 1.47% 4, 804,150.00 -104,450.00 JOHN DEERE CAPITAL CORP 7/14/2023 4.950% 7/14/ 2028 24422EXB0 605,000.00 A 7/ 18/2023 610,874.55 4.73% 617,015.30 6,140.75 JOHN DEERE CAPITAL CORP 7/14/2023 4.950% 7/14/ 2028 24422EXB0 505,000.00 A 7/14/2023 504,247.55 4.98 % 515,029.30 10,781.75 JOHNSON & JOHNSON 8/25/2020 0.550% 9/1/2025 478160CN2 5,000,000.00 AAA 9/3/2020 5,023,550.00 0.45% 4,906,550.00 -117,000.00

JPMORGAN CHASE FINANCIAL
CO LLC 3/13/2020 2.005% 3/13/2026 46647PBH 8 2,800,000.00 A 3/22/2022 2,712,500.00 2.84% 2 ,797,956.00 85,456.00 3/11/2025 2:49 PM 3 of 5
Attachment A
City of Santa Clara Monthly Report
2/28/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L

JPMORGAN CHASE FINANCIAL
CO LLC 4/22/2021 1.578% 4/22/2027 46647PCB0 4,100,000.00 A 8/10/ 2022 3,710,746.00 3.80% 3 ,968,472.00 257,726.00

JPMORGAN CHASE FINANCIAL
CO LLC 2/24/2022 2.947% 2/24/2028 46647PCW4 2,925,000.00 A 9/18/ 2023 2,674,532.25 5.13% 2 ,835,553.50 161,021.25

JPMORGAN CHASE FINANCIAL
CO LLC 4/22/2024 5.571% 4/22/2028 46647PEE2 5,000,000.00 A 8/9/2024 5,103,350.00 4.95% 5,094,000.00 -9,350.00 MASTERCARD INC 12/3/2019 2.000% 3/3/2025 57636QAN 4 5,000,000.00 A+ 3/9/2021 5,213,450.00 0.91% 5, 000,000.00 -213,450.00 MASTERCARD INC 12/3/2019 2.000% 3/3/2025 57636QAN 4 5,000,000.00 A+ 3/10/2022 4,990,800.00 2.06% 5 ,000,000.00 9,200.00 MASTERCARD INC 5/31/2019 2.950% 6/1/2029 57636QAM 6 7,500,000.00 A+ 6/27/2024 6,889,875.00 4.82% 7,091,550.00 201,675.00 META PLATFORMS INC 8/9/2024 4.300% 8/15/2029 30303M8S4 5,370,000.00 AA- 8/14/ 2024 5,385,895.20 4.23% 5 ,360,548.80 -25,346.40 MORGAN STANLEY BANK NA 5/30/2024 5.504% 5/26/2028 61690U8B9 6,105,000.00 A+ 5/31/2024 6,117,881.55 5.45% 6 ,211,349.10 93,467.55 MORGAN STANLEY BANK NA 5/30/2024 5.504% 5/26/2028 61690U8B9 3,145,000.00 A+ 5/30/2024 3,145,000.00 5.50% 3 ,199,785.90 54,785.90

NOVARTIS FINANCE
CORPORATION 11/20/2015 3.000% 11/20/2025 66989HAJ 7 10,000,000.00 AA- 1/31/2023 9,638,600.00 4.38% 9,905,600.00 267,000.00 PACCAR FINANCIAL CORP 1/31/2024 4.600% 1/31/2029 69371RS8 0 7,000,000.00 A+ 7/30/2024 6,996,080.00 4.61% 7 ,065,520.00 69,440.00 PEPSICO INC 7/17/2024 4.500% 7/17/2029 713448FX1 4,380,000.00 A+ 7/17/2024 4,373,211.00 4.53% 4,418, 500.20 45,289.20 PEPSICO INC 2/7/2025 4.600% 2/7/2030 713448GB8 2,380,000.00 A+ 2/7/2025 2,376,001.60 4.64% 2,395,969.80 19,968.20 QUALCOMM INC 5/20/2015 3.450% 5/20/2025 747525AF0 5,850,000.00 A 5/19/2022 5,860,588.50 3.39% 5,834,556.00 -26,032.50 STATE STREET BANK & TR 10/29/2020 2.901% 3/30/2026 857477BM4 4,250,000.00 A 3/ 14/2022 4,275,372.50 2.74% 4 ,243,922.50 -31,450.00 STATE STREET BANK & TR 2/28/2025 4.729% 2/28/2030 857477CW1 9,240,000.00 A 2/28/2025 9,251,365.20 4.70% 9,276,498.00 25,132.80 TARGET CORP 1/24/2022 1.950% 1/15/2027 87612EBM 7 4,595,000.00 A 2/1/2022 4,567,889.50 2.08% 4, 410,694.55 -157,194.95 TARGET CORP 1/24/2022 1.950% 1/15/ 2027 87612EBM7 990,000.00 A 1/24/ 2022 988,317.00 1.99% 950,291.10 -38,025.90 TOYOTA MOTOR CREDIT CORP 9/11/2023 5.250% 9/11/2028 89236TLB9 5,600,000.00 A+ 9/11/ 2023 5,590,256.00 5.29% 5 ,748,400.00 158,144.00 WALMART INC. 6/27/2018 3.550% 6/26/2025 931142ED1 5,700,000.00 AA 2/ 8/2022 6,011,847.00 1.87% 5,681,190.00 -330,657.00 Corporate Note Subtotal 199,064,000.00
197,413,634.17 197,925,235.68 511,601.51

AMERICAN EXPRESS CREDIT
ACCOUNT MASTER 9/19/2023 5.230% 9/15/2028 02582JKD1 6,170,000.00 AAA 9/19/ 2023 6,169,724.20 5.23% 6 ,260,760.70 91,036.50 BA CREDIT CARD TRUST 12/14/2023 4.980% 11/15/2028 05522RDH8 3,045,000.00 NR 12/14/2023 3,044,591.06 4.98% 3,080,047.95 35,456.89 BOFA AUTO TRUST 2024-1 7/31/2023 5.530% 2/15/2028 06428AAC 2 3,120,000.00 NR 7/31/2023 3,119,881.75 5.53% 3,147,518.40 27,636.65 BOFA AUTO TRUST 2024-1 11/21/2023 5.740% 6/15/2028 06054YAC 1 6,595,000.00 NR 11/21/2023 6,594,880.63 5.74% 6,681,658.30 86,777.67 CHASE ISSUANCE TRUST 9/15/2023 5.160% 9/15/2028 161571HT4 6,045,000.00 AAA 9/15/2023 6,043,324.33 5.17% 6 ,126,003.00 82,678.67 CHASE ISSUANCE TRUST 1/31/2024 4.600% 1/16/2029 161571HV9 7,605,000.00 AAA 1/31/2024 7,603,841.76 4.60% 7,652,683.35 48,841.59

CITIBANK CREDIT CARD
ISSUANCE TRUST 12/11/2023 5.230% 12/8/2027 17305EGW9 1,855,000.00 AAA 12/11/ 2023 1,854,767.38 5.23% 1 ,866,334.05 11,566.67 FIFTH THIRD AUTO TRUST 8/23/2023 5.530% 8/15/2028 31680EAD 3 5,270,000.00 AAA 8/23/2023 5,269,673.26 5.53% 5,322,489.20 52,815.94

GM FINANCIAL SECURITIZED
TERM AUTO RECE 1/17/2024 4.850% 12/18/ 2028 36268GAD7 815,000.00 NR 1/ 17/2024 814,836.10 4.85% 820,419.75 5,583.65

HONDA AUTO RECEIVABLES
OWNER TRUST 2024 11/24/2021 0.880% 1/21/ 2026 43815GAC3 136,996.28 NR 11/24/2021 136, 967.40 0.89% 136,341.44 -625.96

HONDA AUTO RECEIVABLES
OWNER TRUST 2024 8/22/2023 5.410% 2/18/2028 43815QAC1 4,825,000.00 AAA 8/22/2023 4,824,005.09 5.42% 4,872,671.00 48,665.91

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 11/17/2021 0.740% 5/15/2026 44935FAD6 25,985.66 AAA 11/17/2021 25,979.86 0.75% 25,949.02 -30.84

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 11/13/2023 5.540% 10/16/2028 44918CAD 4 2,530,000.00 AAA 11/13/2023 2,529,667.31 5.54% 2 ,565,976.60 36,309.29

KUBOTA CREDIT OWNER TRUST
2024-2A 7/26/2023 5.280% 1/18/2028 500945AC4 1,925,000.00 NR 7/26/2023 1,924,513.75 5.29% 1,945, 828.50 21,314.75 3/11/2025 2:49 PM 4 of 5
Attachment A
City of Santa Clara Monthly Report
2/28/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L

KUBOTA CREDIT OWNER TRUST
2024-2A 2/19/2025 4.670% 6/15/2029 50117FAC5 4,065,000.00 NR 2/19/2025 4,064,860.57 4.67% 4 ,102,357.35 37,496.78

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 8/15/2023 5.160% 4/17/2028 89231FAD2 1,505,000.00 AAA 8/15/ 2023 1,504,659.57 5.17% 1 ,517,100.20 12,440.63

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 11/14/2023 5.540% 8/15/2028 89239FAD4 1,725,000.00 AAA 11/14/ 2023 1,724,814.05 5.54% 1 ,752,048.00 27,233.95 USAA AUTO OWNER TRUST 2024
-
A 9/15/2023 5.580% 5/15/2028 90291VAC 4 6,030,000.00 AAA 9/15/2023 6,028,944.75 5.58% 6,079,204.80 50,260.05 Asset-Backed Security Subtotal 63,287,981.94 63,279, 932.82 63,955,391.61 675,458.79 COOPERAT RABOBANK UA/NY 7/20/2023 5.080% 7/17/2026 21684LGS5 7,500,000.00 A+ 7/20/2023 7,500,000.00 5.08% 7,613,175.00 113,175.00 Certificate of Deposit Subtotal 7,500,000.00 7,500,000.00 7,613,175.00 113,175.00

PRINCIPAL PUBLIC DEPOSIT
SWEEP PROGRAM 2.250% 3/1/2025 992995944 33,966.08 9/1/2020 33,966.08

33,966.08
-

LOCAL AGENCY INVESTMENT
FUND 4.333% 3/1/2025 6,143,280.67 9/30/1997 6,143,280.67 6,143,280.67 -

CALIFORNIA ASSET
MANAGEMENT PROGRAM 4.510% 3/1/2025 248,623,991.67 10/4/2022 248,623,991.67 248,623,991.67 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.480% 3/3/2025 10,000,000.00 10/2/2024 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.470% 4/4/2025 10,000,000.00 12/6/2024 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.330% 4/30/2025 10,000,000.00 1/31/2025 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.310% 5/6/2025 10,000,000.00 1/8/2025 10,000,000.00 10,000,000.00 -

DREYFUS TREASUR
Y 4.220% 3/1/2025 2,423,728.07 10/31/1997 2,423,728.07 2,423,728.07 - Cash Equivalent Subtotal 297,224,966.49 297,224,966.49 297,224,966.49 - Grand Total Count 167 1,348,576,422.93 1,349,810,193.34 1,351,323,044.20 1,512,850.86 *NR = Not Rated by S&P Global. These Asset Backed Securities are rated by Moody's Ratings as Aaa. 3/11/2025 2:49 PM 5 of 5
Attachment A
PAGE 19

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD FEBRUARY 1, 2025 THROUGH FEBRUARY 28, 2025 ACCOUNT NUMBER XXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

CASH EQUIVALENTS
02/03/25 INTEREST RECEIVED 1,228.14

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 1/1/25 TO 1/31/25
02/12/25 5,070,000 PURCHASED 5,066,411.45- 5,066,411.45 U.S. TREASURY BILLS 2/18/25
CUSIP 912797NH6
AT $99.9292 ON TRADE DATE 02/11/2025
TO SETTLE ON 02/12/2025
J.P. MORGAN SECURITIES INC., -
02/18/25 5,070,000- MATURED 5,066,411.45 5,066,411.45-
U.S. TREASURY BILLS 2/18/25
CUSIP 912797NH6
AT $100.0000 ON TRADE DATE 02/18/2025
02/18/25 INTEREST RECEIVED 3,588.55
U.S. TREASURY BILLS 2/18/25
CUSIP 912797NH6
INTEREST ON 5,070,000.000 UNITS
5,070,000 PAR VALUE AT 100 %
02/28/25 18,767,201.96 CASH SWEEP PURCHASES FOR STMT PERIOD 18,767,201.96- 18,767,201.96

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
12 TRANSACTIONS
02/28/25 18,756,493.04- CASH SWEEP SALES FOR STMT PERIOD 18,756,493.04 18,756,493.04-

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
4 TRANSACTIONS
Attachment B
PAGE 20

STATEMENT OF TRANSACTIONS

REALIZED

BONDS & NOTES
02/03/25 INTEREST RECEIVED 65,000.00
ADOBE SYSTEMS INC 3.250% 2/01/25
CUSIP 00724FAC5
INTEREST ON 4,000,000.000 UNITS
02/03/25 4,000,000- MATURED 4,000,000.00 4,183,680.00- 183,680.00- ADOBE SYSTEMS INC 3.250% 2/01/25
CUSIP 00724FAC5
AT $100.0000 ON TRADE DATE 02/01/2025
TO SETTLE ON 02/03/2025
02/18/25 INTEREST RECEIVED 57,342.60
ALPHABET INC 1.998% 8/15/26
CUSIP 02079KAC1
INTEREST ON 5,740,000.000 UNITS
02/18/25 INTEREST RECEIVED 26,890.91
AMERICAN EXPRES ABS 5.230% 9/15/28
CUSIP 02582JKD1
$0.00436/PV ON 6,170,000.00 PV
DUE 2/15/25
02/18/25 INTEREST RECEIVED 110,520.00
BANK OF AMERICA 5.526% 8/18/26
CUSIP 06428CAA2
INTEREST ON 4,000,000.000 UNITS
02/18/25 INTEREST RECEIVED 14,378.00
BANK OF AMERICA ABS 5.530% 2/15/28
CUSIP 06428AAC2
$0.00461/PV ON 3,120,000.00 PV
DUE 2/15/25
Attachment B
PAGE 21

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 02/18/25 INTEREST RECEIVED 31,546.08
BANK OF AMERICA ABS 5.740% 6/15/28
CUSIP 06054YAC1
$0.00478/PV ON 6,595,000.00 PV
DUE 2/15/25
02/18/25 INTEREST RECEIVED 12,636.75
BK OF AMERICA ABS 4.980% 11/15/28
CUSIP 05522RDH8
$0.00415/PV ON 3,045,000.00 PV
DUE 2/15/25
02/18/25 INTEREST RECEIVED 29,152.50
CHASE ISSUANCE ABS 4.600% 1/16/29
CUSIP 161571HV9
$0.00383/PV ON 7,605,000.00 PV
DUE 2/15/25
02/18/25 INTEREST RECEIVED 25,993.50
CHASE ISSUANCE ABS 5.160% 9/15/28
CUSIP 161571HT4
$0.00430/PV ON 6,045,000.00 PV
DUE 2/15/25
02/14/25 INTEREST RECEIVED 42,000.00
ELI LILLY & CO 4.200% 8/14/29
CUSIP 532457CQ9
INTEREST ON 2,000,000.000 UNITS
02/25/25 INTEREST RECEIVED 16,948.69
FED HOME LN MTG CORP 3.117% 6/25/27
CUSIP 3137F2LJ3
$0.00260/PV ON 6,525,000.00 PV
DUE 2/25/25
Attachment B
PAGE 22

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 02/25/25 INTEREST RECEIVED 14,531.45
FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
$0.00271/PV ON 5,209,960.38 PV
DUE 2/25/25
02/25/25 10,376.96- PAID DOWN 10,376.96 10,057.54- 319.42 FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
02/25/25 INTEREST RECEIVED 22,712.50
FHLMC K508 CMO V-M 4.740% 8/25/28
CUSIP 3137HAQ74
$0.00395/PV ON 5,750,000.00 PV
DUE 2/25/25
02/27/25 9,019,000 PURCHASED 9,076,532.20- 9,076,532.20 FHLMC K536 CMO V-M 4.850% 1/25/30
CUSIP 3137HJZY6
AT $100.6379 ON TRADE DATE 02/20/2025
TO SETTLE ON 02/27/2025
J.P. MORGAN SECURITIES INC., -
02/27/25 ACCRUED INTEREST ON PURCHASE 31,591.55-
FHLMC K536 CMO V-M 4.850% 1/25/30
CUSIP 3137HJZY6
02/28/25 INTEREST RECEIVED 101,250.00
FHLMC MTN 4.050% 8/28/25
CUSIP 3134GXS54
INTEREST ON 5,000,000.000 UNITS
02/25/25 INTEREST RECEIVED 12,282.86
FHLMC MULTIFAMILY ST 3.243% 4/25/27
CUSIP 3137F1G44
$0.00270/PV ON 4,545,000.00 PV
DUE 2/25/25
Attachment B
PAGE 23

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 02/25/25 INTEREST RECEIVED 24,055.46
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
$0.00394/PV ON 6,042,820.36 PV
DUE 2/25/25
02/25/25 4,647.45- PAID DOWN 4,647.45 4,647.33- 0.12
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
02/25/25 INTEREST RECEIVED 30,118.75
FHLMC SER K505 CMO 4.819% 6/25/28
CUSIP 3137HACX2
$0.00402/PV ON 7,500,000.00 PV
DUE 2/25/25
02/18/25 INTEREST RECEIVED 24,285.91
FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
$0.00461/PV ON 5,270,000.00 PV
DUE 2/15/25
02/25/25 INTEREST RECEIVED 54,422.05
FNMA SER M6 CMO V-M 4.182% 7/25/28
CUSIP 3136BQDE6
$0.00348/PV ON 15,617,799.75 PV
DUE 2/25/25
02/25/25 81.58- PAID DOWN 81.58 79.25- 2.33
FNMA SER M6 CMO V-M 4.182% 7/25/28
CUSIP 3136BQDE6
02/18/25 INTEREST RECEIVED 3,293.96
GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
$0.00404/PV ON 815,000.00 PV
DUE 2/16/25
Attachment B
PAGE 24

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 02/21/25 INTEREST RECEIVED 48,000.00
HERSHEY COMPANY 3.200% 8/21/25
CUSIP 427866AU2
INTEREST ON 3,000,000.000 UNITS
02/18/25 INTEREST RECEIVED 21,752.71
HONDA AUTO ABS 5.410% 2/18/28
CUSIP 43815QAC1
$0.00451/PV ON 4,825,000.00 PV
DUE 2/18/25
02/21/25 INTEREST RECEIVED 142.99
HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
$0.00009/PV ON 194,989.01 PV
DUE 2/21/25
02/21/25 57,992.73- PAID DOWN 57,992.73 57,980.50- 12.23 HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
02/18/25 INTEREST RECEIVED 11,680.17
HYUNDAI AUTO REC ABS 5.540% 10/16/28
CUSIP 44918CAD4
$0.00462/PV ON 2,530,000.00 PV
DUE 2/15/25
02/18/25 INTEREST RECEIVED 48.24
HYUNDAI AUTO RECEIVA 0.740% 5/15/26
CUSIP 44935FAD6
$0.00004/PV ON 78,227.91 PV
DUE 2/15/25
02/18/25 52,242.25- PAID DOWN 52,242.25 52,230.59- 11.66 HYUNDAI AUTO RECEIVA 0.740% 5/15/26
CUSIP 44935FAD6
AT $429.0836 ON TRADE DATE 02/15/2025
TO SETTLE ON 02/18/2025
Attachment B
PAGE 25

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 02/19/25 4,065,000 PURCHASED 4,064,860.57- 4,064,860.57 KUBOTA CREDIT ABS 4.670% 6/15/29
CUSIP 50117FAC5
AT $99.9966 ON TRADE DATE 02/11/2025
TO SETTLE ON 02/19/2025
J.P. MORGAN SECURITIES INC., -
02/18/25 INTEREST RECEIVED 8,470.00
KUBOTA CREDIT ABS 5.280% 1/18/28
CUSIP 500945AC4
$0.00440/PV ON 1,925,000.00 PV
DUE 2/15/25
02/18/25 INTEREST RECEIVED 119,303.50
META PLATFORMS INC 4.300% 8/15/29
CUSIP 30303M8S4
INTEREST ON 5,370,000.000 UNITS
02/12/25 INTEREST RECEIVED 67,500.00
MICROSOFT CORP 2.700% 2/12/25
CUSIP 594918BB9
INTEREST ON 5,000,000.000 UNITS
02/12/25 5,000,000- MATURED 5,000,000.00 5,341,700.00- 341,700.00- MICROSOFT CORP 2.700% 2/12/25
CUSIP 594918BB9
AT $100.0000 ON TRADE DATE 02/12/2025
02/07/25 2,380,000 PURCHASED 2,376,001.60- 2,376,001.60 PEPSICO INC 4.600% 2/07/30
CUSIP 713448GB8
AT $99.8320 ON TRADE DATE 02/05/2025
TO SETTLE ON 02/07/2025
MORGAN STANLEY & CO.

Attachment B
PAGE 26

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 02/28/25 9,240,000 PURCHASED 9,251,365.20- 9,251,365.20 STATE STR CORP 4.729% 2/28/30
CUSIP 857477CW1
AT $100.1230 ON TRADE DATE 02/27/2025
TO SETTLE ON 02/28/2025

BANC OF AMERICA SECURITIES LLC
02/18/25 INTEREST RECEIVED 6,471.50
TOYOTA AUTO REC ABS 5.160% 4/17/28
CUSIP 89231FAD2
$0.00430/PV ON 1,505,000.00 PV
DUE 2/15/25
02/18/25 INTEREST RECEIVED 7,963.75
TOYOTA AUTO REC ABS 5.540% 8/15/28
CUSIP 89239FAD4
$0.00462/PV ON 1,725,000.00 PV
DUE 2/15/25
02/18/25 INTEREST RECEIVED 31.81
TOYOTA AUTO RECEIVAB 0.430% 1/15/26
CUSIP 89239BAC5
$0.00001/PV ON 88,771.37 PV
DUE 2/15/25
02/18/25 88,771.37- PAID DOWN 88,771.37 88,764.29- 7.08 TOYOTA AUTO RECEIVAB 0.430% 1/15/26
CUSIP 89239BAC5
02/28/25 INTEREST RECEIVED 166,406.25
U.S. TREASURY NOTES 3.125% 8/31/29
CUSIP 91282CFJ5
INTEREST ON 10,650,000.000 UNITS
02/28/25 INTEREST RECEIVED 264,081.25
U.S. TREASURY NOTES 3.625% 8/31/29
CUSIP 91282CLK5
INTEREST ON 14,570,000.000 UNITS
Attachment B
PAGE 27

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 02/28/25 INTEREST RECEIVED 545,100.00
U.S. TREASURY NOTES 4.000% 2/29/28
CUSIP 91282CGP0
INTEREST ON 27,255,000.000 UNITS
02/03/25 4,065,000 PURCHASED 4,058,013.28- 4,058,013.28 U.S. TREASURY NOTES 4.125% 1/31/27
CUSIP 91282CMH1
AT $99.8281 ON TRADE DATE 02/03/2025
J.P. MORGAN SECURITIES INC., -
02/03/25 ACCRUED INTEREST ON PURCHASE 1,389.62-
U.S. TREASURY NOTES 4.125% 1/31/27
CUSIP 91282CMH1
02/18/25 2,400,000 PURCHASED 2,394,281.25- 2,394,281.25 U.S. TREASURY NOTES 4.125% 1/31/27
CUSIP 91282CMH1
AT $99.7617 ON TRADE DATE 02/14/2025
TO SETTLE ON 02/18/2025

BMOCM/BONDS
02/18/25 ACCRUED INTEREST ON PURCHASE 4,922.65-
U.S. TREASURY NOTES 4.125% 1/31/27
CUSIP 91282CMH1
02/18/25 INTEREST RECEIVED 251,728.13
U.S. TREASURY NOTES 4.125% 2/15/27
CUSIP 91282CKA8
INTEREST ON 12,205,000.000 UNITS
02/05/25 5,100,000 PURCHASED 5,081,074.22- 5,081,074.22 U.S. TREASURY NOTES 4.250% 1/31/30
CUSIP 91282CMG3
AT $99.6289 ON TRADE DATE 02/04/2025
TO SETTLE ON 02/05/2025

BNP PARIBAS SECURITIES CORP/BO
Attachment B
PAGE 28

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 02/05/25 ACCRUED INTEREST ON PURCHASE 2,993.78-
U.S. TREASURY NOTES 4.250% 1/31/30
CUSIP 91282CMG3
02/06/25 1,115,000 PURCHASED 1,115,261.33- 1,115,261.33 U.S. TREASURY NOTES 4.250% 1/31/30
CUSIP 91282CMG3
AT $100.0234 ON TRADE DATE 02/05/2025
TO SETTLE ON 02/06/2025

BNP PARIBAS SECURITIES CORP/BO
02/06/25 ACCRUED INTEREST ON PURCHASE 785.43-
U.S. TREASURY NOTES 4.250% 1/31/30
CUSIP 91282CMG3
02/07/25 2,390,000- SOLD 2,390,466.80 2,382,871.42- 7,595.38 U.S. TREASURY NOTES 4.250% 1/31/30
CUSIP 91282CMG3
AT $100.0195 ON TRADE DATE 02/05/2025
TO SETTLE ON 02/07/2025
BARCLAYS CAPITAL INC. FIXED IN
02/07/25 ACCRUED INTEREST ON SALE 1,964.16
U.S. TREASURY NOTES 4.250% 1/31/30
CUSIP 91282CMG3
02/28/25 INTEREST RECEIVED 153,531.25
U.S. TREASURY NOTES 4.250% 2/28/29
CUSIP 91282CKD2
INTEREST ON 7,225,000.000 UNITS
02/28/25 INTEREST RECEIVED 211,640.63
U.S. TREASURY NOTES 4.375% 8/31/28
CUSIP 91282CHX2
INTEREST ON 9,675,000.000 UNITS
Attachment B
PAGE 29

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 02/05/25 5,000,000- SOLD 5,036,914.06 5,037,500.00- 585.94- U.S. TREASURY NOTES 4.875% 4/30/26
CUSIP 91282CKK6
AT $100.7383 ON TRADE DATE 02/04/2025
TO SETTLE ON 02/05/2025
RBC DAIN RAUSCHER INC.
02/05/25 ACCRUED INTEREST ON SALE 65,314.23
U.S. TREASURY NOTES 4.875% 4/30/26
CUSIP 91282CKK6
02/18/25 INTEREST RECEIVED 226,012.50
US TREASURY BOND 5.250% 2/15/29
CUSIP 912810FG8
INTEREST ON 8,610,000.000 UNITS
02/18/25 INTEREST RECEIVED 299,306.25
US TREASURY BOND 6.375% 8/15/27
CUSIP 912810FA1
INTEREST ON 9,390,000.000 UNITS
02/18/25 INTEREST RECEIVED 125,043.75
US TREASURY NOTE 2.250% 8/15/27
CUSIP 9128282R0
INTEREST ON 11,115,000.000 UNITS
02/28/25 INTEREST RECEIVED 85,250.00
US TREASURY NOTE 2.750% 2/28/25
CUSIP 9128283Z1
INTEREST ON 6,200,000.000 UNITS
02/28/25 6,200,000- MATURED 6,200,000.00 6,850,757.82- 650,757.82- US TREASURY NOTE 2.750% 2/28/25
CUSIP 9128283Z1
AT $100.0000 ON TRADE DATE 02/28/2025
Attachment B
PAGE 30

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 02/18/25 INTEREST RECEIVED 28,039.50
USAA AUTO OWNER ABS 5.580% 5/15/28
CUSIP 90291VAC4
$0.00465/PV ON 6,030,000.00 PV
DUE 2/15/25
02/25/25 INTEREST RECEIVED 21,493.34
VR FHLMC MULTIFAMI 3.224% 3/25/27
CUSIP 3137BXQY1
$0.00269/PV ON 8,000,000.00 PV
DUE 2/25/25
02/24/25 INTEREST RECEIVED 43,099.88
VR JPMORGAN CHASE & 2.947% 2/24/28
CUSIP 46647PCW4
INTEREST ON 2,925,000.000 UNITS
02/06/25 INTEREST RECEIVED 9,733.95
VR STATE STREET CORP 1.746% 2/06/26
CUSIP 857477BR3
INTEREST ON 1,115,000.000 UNITS
02/06/25 1,115,000- FULL CALL 1,115,000.00 1,115,000.00- 1,115,000 $1 PV
VR STATE STREET CORP 1.746% 2/06/26
ON 02/06/25 AT 1.00 USD
FEDERAL TAX COST 1,115,000.00 USD
STATE TAX COST 1,115,000.00 USD

OTHER CASH RECEIPTS
02/25/25 ADDITION TO ACCOUNT 10,000,000.00

CONTRIBUTION TO FUND ACCOUNT

CALIFORNIA ASSET MANAGEMENT TRUST
================================================================================================================= ENDING BALANCE 0.00 1,052,619,192.93
¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
Attachment B
INVESTMENT AND INSURANCE PRODUCTS ARE:
• NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY FEDERAL GOVERNMENT AGENCY• NOT A DEPOSIT, OBLIGATION OF, OR GUARANTEED BY ANY BANK OR BANKING AFFILIATE• SUBJECT TO INVESTMENT RISKS AND MAY LOSE VALUE, INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED PAGE 31

PENDING TRADES SCHEDULE CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD FEBRUARY 1, 2025 THROUGH FEBRUARY 28, 2025 ACCOUNT NUMBER 18372200 ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

PENDING TRADES SCHEDULE

TRADE SETTLE ACCRUED DUE TO/FROM MONTH END

PAR VALUE/SHARES DESCRIPTION DATE DATE INTEREST BROKER MARKET VALUE ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

PENDING SALES
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 4,250,000- STATE STREET CORP 2.901% 3/30/26 03/30/25 03/30/25 0.00 4,250,000.00 4,243,922.50- PRICE: 100.0000
CUSIP 857477BM4
==================================================================================================================================== TOTAL PENDING SALES 0.00 4,250,000.00 4,243,922.50-
____________________________________________________________________________________________________________________________________ NET PENDING TRADES 0.00 4,250,000.00 4,243,922.50-
Attachment B
"Principal® I Custody
V Solutions
Attachment 3
Department/Item
Source of
Funds
Use of
Funds Explanation
Finance Department (47,653) Decreases the Finance Department budget to correct prior year encumbrances that should have
been appropriated to other departments: Parks and
Recreation, Library, and Fire. A corresponding
adjustment to increase the other departments is
recommended below (majority affirmative
Council votes required).

Parks and Recreation
Department
25,000 Increases the Parks and Recreation Department
budget to correct prior year encumbrances that
were incorrectly appropriated to Finance. A
corresponding decrease to the Finance Department
offsets this action (majority affirmative Council
votes required).

Library Department 18,139 Increases the Library Department budget to correct prior year encumbrances that were incorrectly
appropriated to Finance. A corresponding decrease
to the Finance Department offsets this action
(majority affirmative Council votes required).

Fire Department 4,513 Increases the Fire Department budget to correct prior year encumbrances that were incorrectly
appropriated to Finance. A corresponding decrease
to the Finance Department offsets this action
(majority affirmative Council votes required).

Other Agencies Revenue
(Wildland Deployment
Reimbursements) / Fire
Department
80,184 80,184 Recognizes Cal OES reimbursements for wildland deployments in 2024 for the Shelley and Hill fires,
as well as OES Preposition incidents and
appropriates the funding to the Fire Department to
cover the associated costs (five affirmative
Council votes required to appropriate additional
revenue).
80,184 80,184
FY2024/25 Budget Amendments
General Fund (001)
1 Attachment 3
FY2024/25 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer to the Vehicle
Replacement Fund
83,636 Establishes a transfer to the Vehicle Replacement Fund to cover costs associated with the
replacement of two vehicles within the Building
Division's fleet inventory. One vehicle identified that requires replacement has reached its useful life (12
years) and the second vehicle identified has a
transmission issue that would require extensive
repairs beyond the value of the vehicle (five
affirmative Council votes required for the use of
unused balances).

Unrestricted Ending Fund
Balance
(83,636) Decreases the unrestricted ending fund balance to offset the action recommended above (five
affirmative Council votes required for the use of
unused balances).
- -
Department/Item
Source of
Funds
Use of
Funds Explanation
Operations and Maintenance
Reserve
(400,000) A technical correction to decrease the Operations and Maintenance Reserve (from $4.6 million to $4.2
million) and shifts that funding to unrestricted fund
balance to offset a negative balance (majority
affirmative Council votes required).

Unrestricted Ending Fund
Balance
400,000 A technical correction to increase the Unrestricted Ending Fund Balance to offset a negative balance
(majority affirmative Council votes required).
- -
Building Development Services Fund (155)
Convention Center Enterprise Fund (860)
2 Attachment 3
FY2024/25 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Generation Capital
Maintenance and Betterments
(1,000,000) Decreases the Generation Capital Maintenance and Betterments project by $1.0 million, from $1.9
million to $0.9 million, due to savings after
anticipated work is completed for FY 2024/25. The
$1M will be reallocated to Major Engine Overhaul
project to complete unanticipated engine work
(majority affirmative Council votes required).

Major Engine Overhaul 4,500,000 Increases the Major Engine Overhaul project by $4.5 million, from $5.7 million to $10.2 million, to
address unanticipated damages to the High-
Pressure Turbine and Low-Pressure Turbine at the
Donald Von Raesfeld Power Plant, which were
discovered during routine inspections. Additionally,
there was erosion on the shrouds at the second
stage. The two aforementioned issues made the
engine unserviceable. Currently, only one engine
remains operational. Funding is requested to
complete repairs in an effort to get the engine back
online before summer. The additional funding is
critical to restore the second engine to service and
ensure the stability of operations. Funding of $1.0
million is reallocated from savings in the Generation
Capital Maintenance and Betterments project and
the remaining $3.5 million is from fund balance (five
affirmative Council votes required for the use of
unused balances).

Unrestricted Ending Fund
Balance
(3,500,000) Decreases the unrestricted ending fund balance to offset the actions recommended above (five
affirmative Council votes required for the use of
unused balances).
- -
Electric Utility Capital Fund (591)
3 Attachment 3
FY2024/25 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer to the Special Liability
Insurance Fund
865,000 Establishes a transfer to the Special Liability Insurance Fund to partially reimburse a settlement
agreement related to the utility. Additional actions to complete the reimbursement will be brought forward
for City Council approval at a later date (five
affirmative Council votes required for the use of
unused balances).

Reserve for Settlements (865,000) Decreases the Reserve for Settlements to offset the action recommended above (five affirmative
Council votes required for the use of unused
balances).
- -
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer from the Sewer Utility
Fund / Reserve for Future
Claims
865,000 865,000 Recognizes a transfer from the Sewer Utility Fund to partially reimburse a settlement agreement
related to the utility; this funding will be used to
replenish the Reserve for Future Claims. Additional
actions to complete the reimbursement will be
brought forward for City Council approval at a later
date (five affirmative Council votes required to
appropriate additional revenue).

Other Revenue / Claims
Payments
1,315,608 1,315,608 Recognizes Other Revenue and increases the Claims Payments appropriation to reflect a payment
for jury verdict. The payment includes the verdict,
statutory interest, and statutory costs and is offset
by an increase in Other Revenue as the payment is
eligible for reimbursement from Related (five
affirmative Council votes required to
appropriate additional revenue).
2,180,608 2,180,608
Sewer Utility Fund (094)
Special Liability Insurance Fund (082)
4 Attachment 3
FY2024/25 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer from the Building
Development Services Fund /
Capital Outlay
83,636 83,636 Recognizes a transfer from the Building Development Services Fund to cover costs
associated with the replacement of two vehicles
within the Building Division's fleet inventory. One
vehicle identified that requires replacement has
reached its useful life (12 years) and the second
vehicle identified has a transmission issue that
would require extensive repairs beyond the value of
the vehicle. These amounts reflect the cost
difference between what has already been
amortized and the cost of the replacement vehicles
(five affirmative Council votes required to
appropriate additional revenue).
83,636 83,636
Vehicle Replacement Fund (050)
5 City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-400 Agenda Date: 4/29/2025

REPORT TO CITY COUNCIL

SUBJECT
Action on the Appropriation of $102,849 in Asset Forfeiture Funds for FY 2024/25 and to Approve the Related Budget Amendment and Spending Plan

COUNCIL PILLAR
Deliver and Enhance High Quality Efficient Services and Infrastructure

BACKGROUND
State and federal narcotics and other criminal convictions can result in the State or federal government seizing cash and property, such as vehicles or boats, that are sold by auction, resulting in receipt of sale proceeds. These proceeds are referred to as “asset forfeiture funds” and are used by the State and federal governments for a variety of purposes, including, but not limited to, personnel training or safe destruction of hazardous materials (including controlled substances).

Recognizing that local public safety departments provide assistance to the State or federal enforcement agency in the investigation of the crimes resulting in asset forfeiture, the funds are shared with the local law enforcement agencies pursuant to California Health and Safety Code Section 11469, et seq., and various federal statutes (e.g., 28 U.S.C. 524, et seq. and 21 U.S.C. 881).

The Police Department submits a request annually to share in the distribution of funds seized pursuant to judicial and/or administrative actions. These funds may only be used for specific purposes.

Federal regulations do not allow agencies to budget anticipated Forfeiture Funds. Therefore, the City Council must allocate the use of Asset Forfeiture Funds after the money has been received, and prior to spending.

Previous years’ funding has been allocated for purchases to enhance the Police Department’s ability to apprehend criminal offenders, attend training and professional events, enhance employee safety, and address ways to better serve the Santa Clara community.

DISCUSSION
Asset Forfeiture Funds may only be issued for law enforcement-specific expenditures such as:
operations and investigations; training and education; facilities improvements; purchase of materials, supplies and equipment; vendor services that are necessary support for law enforcement such as translator services; awards and memorials; awareness campaigns (such as PSAs regarding drugs or gangs). There are a number of limitations on the use of the funds, including salaries, litigation-related purposes, creation of endowments or scholarships, or supplanting other funding sources for the Police Department. The uses set forth in this report are compliant with these requirements and limitations.

City of Santa Clara Printed on 4/25/2025Page 1 of 3
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25-400 Agenda Date: 4/29/2025
In 2024, a total of 21 criminal cases were initiated by joint State-federal action and processed under federal law. The total value of the assets seized in such cases totals $842,924. A total of 91 suspects were charged with a controlled substance violation in connection with these cases, and there were 148 alleged offenses under State or federal law. The City has the opportunity to continue to enhance Police Department programs and services with its portion of the funding from these cases, totaling $102,849. This amount is recommended to be appropriated as part of this report.

As part of the FY 2023/24 Budgetary Year-End Report, as approved by the City Council on December 3, 2024, funds of $179,773 were recognized and appropriated in the Police Operating Grant Trust Fund. However, these funds were not yet allocated as part of a Council approved spend plan. The Police Department is utilizing this opportunity to present Council with a spend plan for both the Asset Forfeiture Funds received in FY 2024/25 and for funds received in FY 2023/24. The spending plan detailed below includes the previously appropriated funds not yet tied to a spend plan totaling $179,773 and the new allocation of funding of $102,849, for a combined total of $282,622. As necessary, updates to policies in connection with the new equipment and required training will be implemented accordingly. Allocations may require adjustments based on inflation and prioritization of programing, not to exceed total funds received.

None of the equipment being recommended for purchase would be categorized as “military equipment” per Assembly Bill 481.

Program Area Description of Potential
Purpose
Allocation Requested
Safety Needs Protective equipment, etc. $20,000
Training and Education Conference and travel,
professional training, etc.
$28,000
Canine Program K-9 officer, training,
protective equipment and
supplies
$91,000
Data Integration Software Seamless data aggregation
between various software
$117,622
Community Programming Community outreach
supplies, volunteer program,
awards, etc.
$26,000
TOTAL $282,622

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378 (b)(4) in that it is a fiscal activity that does not involve commitment to a specific project which may result in potential significant impact on the environment.

FISCAL IMPACT
The Police Department is seeking Council approval to recognize and appropriate $102,849 in Asset Forfeiture Funding to support enforcement, other programs, and needs in the Police Department without using General Fund monies. The table below details the budget action for FY 2024/25.

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25-400 Agenda Date: 4/29/2025
Budget Amendment
FY 2024/25
Current Increase/
(Decrease)
Revised
Police Operating Grant Trust Fund
Revenue
Other Agencies Revenue $166,774 $102,849 $269,623
Expenditures
Seized Asset Funding $472,015 $102,849 $574,864

COORDINATION
The report was coordinated with the Finance and Police Departments and City Attorney’s Office.

RECOMMENDATION

1. Approve the appropriation of Asset Forfeiture Funds in the amount of $102,849 pursuant to State and federal Regulations;

2. Approve the described spending plan for a combined total of $282,622 of FY 23/24 Operating Grant Trust Funds and FY 24/25 Seized Asset Funding; and

3. Approve the FY 2024/25 budget amendment in the Police Operating Grant Trust Fund to recognize seized asset funding in the amount of $102,849 and appropriate that funding to the Seized Asset Funding program in the amount of $102,849 (five affirmative Council votes required to appropriate additional revenue).

Prepared by: Carolyn McDowell, Senior Management Analyst Reviewed by: Cory Morgan, Chief of Police
Approved by: Jovan Grogan, City Manager
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-367 Agenda Date: 4/29/2025

REPORT TO COUNCIL

SUBJECT
Action on a Resolution to Authorize Business License Tax Adjustment for Annual Inflation Increase Effective July 1, 2025

COUNCIL PILLAR
Deliver and Enhance High Quality Efficient Services and Infrastructure

BACKGROUND
The City of Santa Clara’s Business License Tax was last updated through a voter-approved ballot measure on November 8, 2022 (Measure H). Prior to this, there had been no business tax adjustments for 30 years. The approved measure implemented a new tax structure effective July 1, 2023, with an annual inflation adjustment mechanism outlined in Section 3.40.160 of the Santa Clara City Code (City Code). This ensures that the business tax keeps pace with inflationary changes to support essential city services.

DISCUSSION
The Business License Tax is structured to provide equitable revenue contributions from businesses operating in Santa Clara while ensuring that tax burdens remain aligned with inflation. The 2022 voter -approved Measure H established a tax framework that allows for an annual inflation adjustment based on the Consumer Price Index (CPI) for the San Francisco-Oakland-Hayward Area. As mandated by Section 3.40.160 of the City Code, these adjustments are subject to approval by the City Council and are capped at a maximum increase of 5% per year to prevent excessive financial impact on businesses.

For Fiscal Year 2025-26, the February 2025 CPI report published by the U.S. Bureau of Labor Statistics (BLS) reflects an annual inflation rate of 2.7%. Accordingly, it is proposed that Business License Tax rates will be adjusted by 2.7%, resulting in the following changes:
· The current tax of $45 per employee will increase to $46.22 per employee. · The current tax of $15 per rental unit will increase to $15.40 per unit. · The annual cap of $350,000 per business will increase to $359,450 to reflect the 2.7% CPI adjustment.

The Business License Tax provides funding for public safety, infrastructure maintenance, economic development programs, and community services. By implementing this inflation-based increase, the City upholds its commitment to long-term fiscal sustainability without imposing sudden, large-scale tax hikes.

This annual CPI-based adjustment is critical to preventing the erosion of City revenue due to inflation while ensuring that businesses continue to contribute fairly to the cost of maintaining high-quality city City of Santa Clara Printed on 4/25/2025Page 1 of 3
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25-367 Agenda Date: 4/29/2025
services.

As contemplated by City Code Section 3.40.250, the Director of Finance Department is currently working on drafting rules and regulations to facilitate the implementation of the Business License Tax.

Topics addressed include operational and administrative details for staff to implement the Business License Tax Program, and provisions for providing notice to affected taxpayers. Once finalized, these rules will be brought back for Council consideration and approval.

Although a formal amendment to the City’s business license tax ordinance is not legally required, the City Attorney’s Office will work with Finance staff and the City Clerk to add a note within the City Code sections containing the original business license tax rates indicating that any new tax rate approved by the City Council for the applicable fiscal year will be posted on the City’s business license tax webpage.

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of a California Environmental Quality Act (“CEQA”) pursuant to pursuant to section 15378 (b)(4) of Title 14 of the California Code of Regulations in that it is a fiscal action which does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment.

FISCAL IMPACT
Based on the estimated total business tax revenue of $6 million per year, the 2.7% CPI-based increase will result in an additional $162,000 in revenue for FY 2025-26.

COORDINATION
This report has been coordinated with the Finance Department and City Attorney’s Office.

PUBLIC CONTACT
On April 2 and April 9, 2025, notices of the proposed increase were published in the Santa Clara Weekly in the manner set forth in Government Code Sections 6062a and 66018.

Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION
Adopt a resolution authorizing the annual inflation adjustment for the Business License Tax, effective July 1, 2025, as allowable under Santa Clara City Code Section 3.40.160 Reviewed by: Kenn Lee, Director of Finance
Approved by: Jovan D. Grogan, City Manager

ATTACHMENTS

1. Resolution No. 22-9130
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2. Resolution Adjusting the Business License Tax to be effective July 1, 2025

3. RTC 22-936
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RESOLUTION NO. 22-9130

A RESOLUTION OF THE CITY OF SANTA CLARA, CALIFORNIA

ORDERING THE SUBMISSION OF A BALLOT MEASURE - KNOWN

AS THE 'CITY OF SANTA CLARA BUSINESS LICENSE UPDATE/ TAX

EQUITY MEASURE' TO THE QUALIFIED ELECTORS OF THE CITY AT A SPECIAL MUNICIPAL ELECTION TO BE HELD ON NOVEMBER 8,
2022, REGARDING A BALLOT MEASURE TO AMEND CITY CODE
CHAPTER 3.40 TO MODERNIZE AND INCREASE THE BUSINESS
LICENSE TAX; CALLING AND GIVING NOTICE OF A SPECIAL

MUNICIPAL ELECTION TO BE HELD IN THE CITY OF SANTA CLARA ON TUESDAY, NOVEMBER 8, 2022, FOR A VOTE ON SAID BALLOT MEASURE; REQUESTING CONSOLIDATION WITH THE

GUBERNATORIAL GENERAL ELECTION AND ELECTION SERVICES
FROM SANTA CLARA COUNTY; DIRECTING THE CITY ATTORNEY
TO PREPARE AN IMPARTIAL ANALYSIS; AND SETTING PRIORITIES

FOR BALLOT ARGUMENTS
BE IT RESOLVED BY THE CITY OF SANTA CLARA AS FOLLOWS:

WHEREAS, Santa Clara's Business License Tax has not been updated in 30 years; WHEREAS, the current tax does not reflect the way business operates in the City today; WHEREAS, the measure as written will allow the City of Santa Clara to treat all businesses equitably; WHEREAS, this measure will allow the City to maintain the essential priorities upon which local businesses and residents rely, including public safety, clean and safe streets, COVID-19 response, street and sidewalk repair, and flood protection;
WHEREAS, the measure as written requires strict oversight, financial audits and disclosures, and must be spent locally, without being taken by the state;
WHEREAS, the next Gubernatorial General Election will be held November 8, 2022; WHEREAS, the California Constitution Article XIIIC, Section 2(b) requires a proposed tax to be submitted to voters at a general municipal election;
WHEREAS, the City Council intends to submit a ballot measure and ballot question, concerning an increase in the Business License Tax rate, as described in this Resolution, to the qualified electors of the City of Santa crara at such election;
WHEREAS, pursuant to the requirements of the City Charter there is called and ordered to be held in the City of Santa Clara, California, on Tuesday, November 8, 2022, a special municipal election placing

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on the ballot one measure that, if passed, would amend City Code Chapter 3.40; and, WHEREAS, in the course of conducting a special municipal election on November 8, 2022, it is desirable that such special municipal election be consolidated with the general election, pursuant to Santa Clara City Charter section 600.02, to be held on the same date as if there were only one election. It is also necessary for the City to request services of the County as set forth in this resolution.

NOW THEREFORE, BE IT FURTHER RESOLVED BY THE CITY OF SANTA CLARA AS FOLLOWS:

1. SPECIAL ELECTION. That pursuant to the requirements of the City Charter, there is called and ordered to be held in the City of Santa Clara, California, on Tuesday, November 8, 2022, a special municipal election placing one measure on the ballot that, if passed, would amend City Code Chapter

3.40 to increase business license tax rates.

2. BALLOT QUESTION. That the ballot question shall read as follows:

CITY OF SANTA CLARA BUSINESS LICENSE UPDATE/ TAX EQUITY MEASURE CITY OF SANTA CLARA BUSINESS LICENSE UPDATE/ TAX Yes
EQUITY MEASURE To protect Santa Clara's financial stability and maintain essential services such as 911 emergency/public safety/crime reduction services, safe/clean public areas, pothole repair, parks/libraries, shall an ordinance to increase Santa Clara's 1992 business license tax on businesses to $45 per employee and No on landlords to $15 per rental unit, generating approximately $6,000,000 annually, until ended by voters, with independent financial audits, all funds staying local, be adopted?

3. MEASURE. That the measure read as set forth on Exhibit A (attached hereto and incorporated herein by reference, with additions to and deletions from the current text indicated thereon) which, if passed by the voters, shall amend the Municipal Code of the City of Santa Clara.

4. NOTICE OF ELECTION. That in accordance with the City Charter and applicable state law, the City Clerk is hereby authorized and directed on behalf of the City Council to cause notice of the time and place of the holding of the election to be published once in a newspaper of general circulation, printed, published, and circulated in the City of Santa Clara, and hereby designated for that purpose by the City Council of Santa Clara. Furthermore, the City Clerk hereby is authorized, instructed and · Page 2 of 5
directed to coordinate with the County of Santa Clara Registrar of Voters to procure and furnish any and all official ballot, notices, printer matter and all supplies, equipment and paraphernalia that may be necessary in order to properly and lawfully conduct the election.

5. CONSOLIDATION REQUEST. Pursuant to the requirement of Part 3 (Consolidation of Elections; Section 10400 et seq) of Division 10 of the Elections Code, the City Council hereby requests the Board of Supervisors of the County of Santa Clara to consolidate the special municipal election with the Gubernatorial general election on November 8, 2022, and to further provide that, upon consolidation, the consolidated election shall be held and conducted in all respects as if there were only one election, and only one form of ballot shall be used, election officers appointed, voting precincts designated, ballot printed, pools opened and closed, ballots opened and returned, returns canvassed, and all other proceedings in connection with the election shall be regulated and done by the Registrar of Voters of the County of Santa Clara in accordance with the provisions of applicable laws regulating consolidating elections. This City Council requests and consents to such consolidation.

6. REQUEST FOR COUNTY SERVICES. Pursuant to Section 10002 of the California Elections Code, the City Council hereby requests the Board of Supervisors of the County of Santa Clara to permit the Registrar of Voters to render services to the City of Santa Clara relating to the conduct of Santa Clara's special municipal election to be held on Tuesday, November 8, 2022. Services shall be of the type normally performed by the Registrar of Voters in assisting the clerks of municipalities in the conduct of elections.

7. ELECTION COSTS. Subject to the approval of the Board of Supervisors of the foregoing requests, the City Clerk is hereby authorized to engage the services of the Registrar of Voters of the County of Santa Clara to aid in the conduct of the election. The City Director of Finance is authorized and directed to pay the costs of services, provided that no payment shall be made for services which the Registrar of Voters is otherwise required by law to perform.

8. BALLOT AND REBUTTAL ARGUMENTS FOR MEASURE. Primary and rebuttal arguments for the measure may be filed consistent with Elections Code Section 9282, et seq.

9. BALLOT ARGUMENT IN FAVOR OF THE MEASURE. The Council hereby selects the

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following course of action regarding argument in favor of the measure:

A Authorizes the City Council as a body to submit a written argument in favor of the measure and in the event an argument is filed for the measure, a rebuttal argument.

B. Authorizes 3 of members of the City Council to submit a written argument in favor of the measure: Councilmembers Raj Chahal, Karen Hardy, and Suds Jain: at Councilmembers Raj Chahal, Karen Hardy, and Suds Jain discretion, the argument may also be signed by other members of the City Council, bona fide associations or individual voters who are eligible to vote on the measure. In the event that an argument is filed for the measure, Councilmembers Raj Chahal, Karen Hardy, and Suds Jain is also authorized to submit a rebuttal argument on behalf of the City Council, which, at Councilmembers Raj Chahal, Karen Hardy, and Suds Jain discretion, may also be signed by members of the City Council, bona fide associations, or individual voters who are eligible to vote on the measure.

Signatures on the rebuttal argument may be different from those who signed the primary argument. OR

10. IMPARTIAL ANALYSIS. Pursuant to Elections Code Section 9280, the City Council hereby directs the City Attorney to prepare an impartial analysis of the measure.

11. TRANSMITTAL OF RESOLUTION. The City Clerk is hereby directed to file a certified copy of this resolution with the Board of Supervisors and the Registrar of Voters.

12. EXEMPTION FROM CEQA. The City Council finds, pursuant to Title 14 of the California Code of Regulations, Sections 15378(b)(4) and 15378(b)5) that this resolution is exempt from the requirements of the California Environmental QUALITY Act (CEQA) in that it involves fiscal and administrative activities that will not result in a potentially significant impact on the environment.

13. That in all particulars not recited in this resolution, the special municipal election shall be held and conducted as provided by law for holding municipal elections.

14. That this resolution provides notice of the time and place for holding the general municipal election and the City Clerk is authorized, instructed and directed to give further or additional notice of the general municipal election in time, form and manner as required by law.

II
II

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15. That the proposed measure shall not take effect unless and until approved by a vote of at least 50% plus one of the voters voting on the question at the election.

16. Effective date: This resolution shall become effective immediately .

I HEREBY CERTIFY THE FOREGOING TO BE A TRUE COPY OF A RESOLUTION PASSED AND

ADOPTED BY THE CITY OF SANTA CLARA, CALIFORNIA, AT A REGULAR MEETING THEREOF HELD ON THE 12TH DAY OF JULY, 2022, BY THE FOLLOWING VOTE:

AYES : COUNCILORS :

NOES: COUNCILORS :

ABSENT : COUNCILORS :

ABSTAINED: COUNCILORS:

Becker, Chahal, Hardy, Jain, and Park
Watanabe and Mayor Gillmor
None
None ~;Q /}
ATTEST: ~~ ~ ~

NORA PIMENTEL, MMC

ASSISTANT CITY CLERK

CITY OF SANTA CLARA
Attachment: Exhibit A Ordinance Amending and Restating Santa Clara City Code Chapter 3.40

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EXHIBIT A
ORDINANCE NO.

AN ORDINANCE OF THE CITY OF SANTA CLARA,
CALIFORNIA, AMENDING AND RESTATING CHAPTER 3.40
("BUSINESS LICENSE") OF TITLE 3 ("REVENUE AND
FINANCE") OF "THE CODE OF THE CITY OF SANTA CLARA,
CALIFORNIA" TO MODERNIZE AND INCREASETHE TAX RA TE

BE IT ORDAINED BY THE PEOPLE OF THE CITY OF SANTA CLARA SECTION 1: That Chapter 3.40 (entitled "Business License") of Title 3 (entitled "Revenue and Finance") of "The Code of the City of Santa Clara, California" ("SCCC") is amended and restated in its entirety to be numbered, entitled, and to read as follows:

3.40.010 Purpose.

Chapter 3.40

BUSINESS TAX
This chapter is enacted to raise revenue for municipal purposes and not for the purpose of regulation. The payment of a business tax required by this chapter, and its acceptance by the City, and the issuance of a business tax certificate to any person shall not entitle the holder thereof to carry on any business unless he or she has complied with all of the requirements of the City Code and all other applicable laws, nor to carry on any business in any building, on any premises, or in any location designated in such business tax certificate in the event that such building, premises or location is situated in a zone or locality in which the conduct of such business is in violation of any law.

3.40.020 Effect on other fees and charges.

Persons required to pay a business tax for transacting and carrying on any business under this chapter shall not be relieved from the payment of any other charge, fee, or tax as may be imposed by the City for the privilege of doing business within the city, or for the cost of regulating a business, and such persons shall remain subject to the regulatory provisions of all other

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ordinances, codes, and resolutions of the City, including but not exclusive to regulations for zoning, building, fire, and safety.

3.40.030 Chapter controlling.

To the extent that the provisions of this chapter are inconsistent with the provisions of any other chapter of the City Code or parts thereof, the provisions of this chapter shall be deemed controlling.

3.40.040 Definitions.

The words and terms used in this chapter shall have the following meanings unless the context clearly indicates otherwise:
(a) "Business tax certificate" means the document issued as a result of a completed tax affidavit and taxes paid.
(b) "Business" means all activities engaged in or caused to be engaged in within this city including any commercial or industrial enterprise, trade, profession, occupation, vocation, calling, or livelihood including rental or lease of residential or nonresidential real estate and mobilehome parks, or independent contractors, whether or not carried on for gain or profit, but shall not include the services rendered by an employee to his employer. (c) "Business community" means any and all areas of the City not zoned as residential.
(d) "CPI Index" The Consumer Price Index-All Urban Consumers for All Items for the San Francisco-Oakland-Hayward Area or any successor to that index designated by the Federal Bureau of Labor Statistics or the city council. (e) "Director" means the Director of Finance or his or her designee. (f) "Employee" means any or all persons engaged in the operation or activity of any business, whether as owner, a corporate officer, a partner, agent, manager, solicitor or any and all persons employed or working in such business either full time, part-time, permanent or temporary.

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(g) "Number of employees" means the number of persons employed in the business as anticipated, or the number of employees including owner(s) at time of renewal. (h) "Person" means all domestic and foreign corporations, limited liability company, firms, associations, syndicates, joint stock corporations, partnerships of every kind, joint ventures, clubs or common law trusts, societies, individuals, estates, business trusts, receivers, retirement plans, trustees, or any other group or combination acting as a unit engaged in any business in the city other than as an employee.

3.40.050 Other licenses, permits, taxes, fees or charges authorized when.

Nothing contained in this Chapter 3.40 shall be deemed to repeal, amend, be in lieu of, replace or in any way affect any requirements for any license or permit required by, under or by virtue of any provision of any other title or chapter of this Code or any other ordinance or resolution of the city or of its council, nor be deemed to repeal, amend, be in lieu of, replace or in any way affect any tax, fee or other charge imposed, assessed or required by, under or by virtue of any other title or chapter of this Code or any other ordinance or resolution of the city or of its council.

3.40.060 Imposition of tax.

The City does hereby tax, as provided in this chapter, each and every kind of business transacted, conducted, exhibited or carried on in the city, at the rates named and prescribed in this chapter. If more than one business shares a business location, each business is required to apply and pay the prescribed tax.

3.40.070 Business tax certificate required.

It shall be unlawful for any person to transact or carry on any business in the city without first having paid the business tax to the City and having obtained a valid business tax certificate or renewal, in compliance with all applicable provisions of the City Code. Notwithstanding any language in this chapter to the contrary, each branch establishment or location at or from which a person carries on the same business shall not be deemed a separate business, but all such branches and locations shall be treated as one business. If a business opens a new location

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during the term of the existing business license, an amended business tax certificate application must be submitted to include the new location in the business tax certificate.

Business tax certificate application. 3.40.080
(a) Any person applying for a tax certificate shall make application upon a form provided by the Director, which form shall provide such information as may be required to show compliance with all City, State and Federal laws, and as may be necessary to determine ownership, the nature of the business, occupancy requirements, location, and the classification and amount of tax due.
(b) All applicants shall pay a tax computed on the number of employees or rental units as provided in this chapter upon submitting the application. (c) When necessary, the Director or designee shall refer an application or a notice of changed or new addresses to the appropriate City officers or staff for determination as to whether the proposed business activity and the premises in which it is to be conducted comply with applicable laws and ordinances. In the event it is determined that the proposed activity may not be maintained in compliance with the law, the Director or designee shall so inform the applicant and no new or renewed tax certificate may issue. (d) Failure of the City to approve, deny, or act upon the application within one hundred eighty (180) days shall be deemed a denial of the application.

3.40.090 Appeal process.

An appeal from denial of issuance of a business tax certificate may be made under the procedures set forth in Chapter 2.115 SCCC.

3.40.100 Business location.

Business tax fees are based on the actual physical location of the business within the jurisdictional limits of the City of Santa Clara. A mail stop, post office box or other such mail address is not considered a valid business location for the purpose of fire and safety inspection.

All business not physically located within the jurisdictional limits of the City of Santa Clara are

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considered out-of-town and must pay taxes as established for out-of-town businesses regardless of whether they have a mailing address in the City of Santa Clara.

3.40.110 Branch establishments.

A separate business tax certificate for each branch establishment or location of the business will not be required but all business locations must be included on the application for a business tax certificate. When any person conducts, at one location, businesses classified separately by this chapter, such person shall pay the higher of the taxes.

3.40.120 Notice not required by City.

The Director is not required to send a renewal, delinquency or other notice or bill to any person subject to the provisions of this chapter and failure to send notice or bill shall not affect the validity of any tax or penalty due.

3.40.130 When annual tax due and payable.

The annual business tax imposed under the provision of this chapter shall be due and payable at the time of commencement of business activity or upon occupying space in the business community and such certificate shall expire twelve (12) months after the date of application. The tax for the renewal of such certificate shall be due and payable upon expiration of the prior certificate.

3.40.140
(a)
Refunds and proration.

All business tax certificates shall be issued from the date set forth in the certificate and no business shall be entitled to the refund of any portion of the tax paid by reason of the termination of such business activity before the certificate expires. (b) Any business required to cease activity within the city as the result of public acquisition of the premises by any governmental agency shall be entitled to a refund of an amount prorated as to the time remaining under the certificate when the business activity ceases. Such licensee shall file a verified claim with the Director stating the date of and reason for cessation of

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business activity.
(c) The business tax may be prorated in accordance with the administrative guidelines promulgated by the Director.

3.40.150 Penalty for delinquent or nonpayment.

The penalty for noncompliance shall be:
(a) Any person who fails to apply for a tax certificate and fails to pay the tax as determined on or within thirty (30) days after opening, engaging in business, or occupying space in the business community, shall be subject to a penalty of twenty- five percent (25%) of the tax due.
(b) Every annual tax which is not received and paid within a period of thirty (30) days after the tax became due is hereby declared to be delinquent, and a penalty of twenty-five percent (25%) of the tax will be added to the tax due.
(c) Whenever a check is submitted in payment of a business tax and said check is subsequently returned unpaid by the bank upon which said check is drawn for any reason, the taxpayer shall be liable to pay a nonsufficient funds charge, the correct tax amount due, and a penalty, if applicable.
(d) If any person fails to pay the annual renewal tax within ninety (90) days after the tax becomes due, his or her business tax certificate is considered revoked. The City is not required to send a notice of revocation for the revocation to be valid. Following revocation, the person must reapply for a new business tax certificate, pursuant to SCCC 3.40.080, and pay all associated penalties. Failure to reapply for a new business tax certificate shall constitute a violation, pursuant to SCCC 3.40.310.

3.40.160 Annual adjustments for inflation.

Subject to approval of the city council, the business certificate tax, the additional tax based on number of employees or rental units, and the cap referred in SCCC 3.40.360 below, may be

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adjusted annually, commencing on July 1, 2023 and every year thereafter, if the cost of living in the city has increased over the preceding base period as shown by the CPI Index but in no event shall the adjustment exceed five percent (5%) per year. The CPI Index will be set in February of each year or as established in the administrative guidelines promulgated by the Director in accordance with this chapter.

3.40.170 Exemptions from tax.

No tax prescribed in this chapter shall be deemed or construed to apply to any of the following persons who are exempt from payment thereof upon submission of proof of exemption:
(a) Charitable and Nonprofit Organizations. Any church, school, charitable, benevolent or social organizations having exempt status under Federal tax law. (b) Conflict With Federal and State Law. Any person conducting any business exempt by virtue of the Constitution, or applicable statutes of the United States or of the State of California from the payment to municipal corporations of such taxes as are herein prescribed. (c) Disabled Veterans. Disabled veterans exemption pursuant to the requirements of Section 16001 or 16001.5 of the California Business and Professions Code. (d) Employees. No person who is an employee shall be required to pay a tax for doing any part of the work of such business for which a tax certificate has been issued. (e) Interstate Commerce. Every peddler, solicitor or other person claiming to be entitled to exemption from the payment of any tax provided for in this chapter upon the ground that such tax casts a burden upon his/her right to engage in commerce with foreign nations or among the several states or conflicts with the regulations of the United States Congress respecting interstate commerce, shall file an affidavit or a declaration under penalty of perjury with the Director describing the interstate or other character of his/her business which entitled him to such exemption. Business operators whose annual gross receipts from such business operations in the city are five thousand dollars ($5,000) or less. Acceptable documentation must be provided

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to support the claimed exemption.
(f) Nothing in this chapter shall be deemed or construed to apply to any person transacting and carrying on any business exempt by virtue of the Constitution or applicable statutes of the United States or the State of California for payment of such taxes as are herein prescribed.

3.40.180 Business tax constitutes debt to City - Collection of unpaid taxes.

The amount of any business tax imposed by this chapter shall be deemed a debt to the city, and any business operating without having a certificate from the city so to do shall be liable to an action in the name of the city in any court of competent jurisdiction for the amount of the business tax imposed on such business, together with all penalties and interest then due thereon in any such action, and any cost the city reasonably incurs to collect the tax, including attorneys' fees which, if judgment is recovered, shall be included and assessed as recoverable costs in such action.

3.40.190 Transferability - Changes to affidavit.

A certificate issued pursuant to this chapter shall not be transferable. When a certificate has been issued authorizing a specifically named person to transact and carry on a specific type of business at a specific location, the business shall, upon application in writing, and the payment of the prescribed fee, have such certificate records amended to include any change of name, type of business, or address. Any business for which such a change must be made shall pay a fee as fixed by resolution of the City Council for the handling and processing of such change.

3.40.200 Issuance of business tax certificate.

All certificates issued under the provisions of this chapter shall be issued by the Director or authorized employees and shall state the name of the business, the location of the business, the mailing address, the type of business being conducted at the listed location, the amount of the tax paid, the expiration date of the certificate and additional information that may be required.

A business tax certificate will be issued upon the determination by the Director and any other

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necessary City departments that the business tax has been paid and that the business tax certificate affidavit information is accurate, that the business applicant is operating legally pursuant to all applicable Federal, State and local laws, and there are no business operations that endanger the public.

3.40.210 Duplicate tax certificate.

A duplicate business tax certificate may be issued by the Director to replace a previously issued certificate that has been lost or destroyed upon the owner filing a written request attesting to such fact, and paying a fee as fixed by the resolution of City Council for handling and processing of such request.

3.40.220 Business tax certificate record.

The Director shall maintain a "public business tax certificate record," which shall contain the name of the business, the location of the business, the type of business and the time period for which the certificate is issued.

3.40.230 Confidential documents.

Except as provided for under Section 6254 of the Public Records Act, the affidavit, statements and any other documents required by this chapter to be filed, shall be deemed confidential in character and shall not be subject to public inspection, and shall be kept so that the contents thereof, shall not become known except to:
(a) The persons charged with administration of this chapter; (b) City employees for the sole purpose of administering or enforcing any provisions of this article;
(c)

3.40.240
Federal or State officials, or to a grand jury or court of law, upon subpoena.

Display of certificate.

Every person to whom a certificate is issued, shall keep the same conspicuously posted in or about the place where the business is located or conducted.

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3.40.250 Administrative rules and regulations.

The Director may make rules and regulations not inconsistent with the provisions of this Code for the purpose of administering the provisions of this chapter. The Director shall further have the power to compromise any claims as to the amount of any tax due and paid.

3.40.260 Affidavit to be submitted where business tax based on number of employees - Information required.
(a) Upon making application for a certificate to be issued under this chapter where the amount of the tax is measured by the number of employees, the applicant shall furnish to the Director, for guidance in ascertaining the amount of such tax, a signed affidavit under penalty of perjury, upon a form provided by the Director, setting forth such information as may be necessary to determine the amount of the tax.
(b) The amount of the tax is determined by the average number of persons engaged in the business over the last four quarters immediately preceding application, and shall be determined as follows:
(1) Based upon the employment data as reported to the State Department of California Employment Development Department, if the applicant files with the State Department of California Employment Development Department the forms and reports hereinafter mentioned, and if the applicant reports therein all applicant's employees as defined in this chapter, the applicant may calculate the average number of employees by taking the number of employees employed in applicant's business in the city in each month of the preceding year as shown and reported on all DE3 forms, and by dividing the sum thus obtained by twelve. The DE3 and other forms hereinabove referred to are those certain forms entitled "DE3 Contribution Return and Report of Wages Under the Unemployment Insurance Code," which employers are required to file with the state department of employment, under the Unemployment Insurance Code of the state for the purpose of reporting contributions due under such code, and any other form or forms

Page 10 of 17 ends

now or hereafter required by the state for such purposes; or (2) For a business with multiple locations located in and outside of the city, the applicant may self-report the total number of employees. The report shall include all employees that perform services in the city which include any of the following: i) an employee where all or most of the employee's services are performed in the city; or ii) where an employee's base of operations is located in the city; or iii) the place from which the business exercises basic and general direction and control over all the employee's services is in the city. (3) The average number of employees of the business may also be disclosed in a manner as approved by the Director.

3.40.270 Renewal generally -Affidavit and information required.

In all cases, the applicant for renewal of a certificate shall submit to the Director, for guidance in ascertaining the amount of the tax to be paid by the applicant, a written affidavit under penalty of perjury upon a form provided by the Director, setting forth such information concerning the applicant's business as may be required by the Director to ascertain the amount of tax to be paid by such applicant pursuant to the provision of this chapter.

3.40.280 Statements not conclusive.

No statement set forth in any affidavit required by this chapter shall be conclusive as to the matters set forth therein, nor shall the filing of the same preclude the City from collecting by appropriate action such sum as is actually due and payable under this chapter. Such affidavit and each of the several items therein contained shall be subject to review and verification by the Director, or authorized employees of the City.

3.40.290 Extensions of time for filing sworn declarations.

The Director shall have the power, for good cause shown, to extend the time for filing any sworn statement required under this chapter and in such case to waive any penalty that would otherwise have accrued.

Page 11 of 17 ends

3.40.300 Director duties.

The Director shall make diligent effort to discover all persons conducting any business in the city for which a certificate is required by the provisions of this chapter.

3.40.310 Violations.

The issuance of a certificate under this chapter shall not entitle the person(s) to engage in any business which for any reason is in violation of any law or provision of this Code. (a) Separate Violation. The conducting of business in the city or occupying space in the business community, without first having procured a business tax certificate from the City to do so, or without complying with any and all regulations of such business contained in this chapter shall be a separate violation hereof for each and every day that such business is so carried on. (b) Violations. Pursuant to SCCC 1.05.070, the City, in its prosecutorial discretion, may enforce violation(s) of the provisions of this chapter as a criminal, civil, and/or administrative action.

3.40.320 City Attorney's duties.

The Director may at any time request the City Attorney to bring a civil suit in the name of the City for the recovery of any tax from any person who conducts a business without procuring the certificate required by this chapter, or not paying the prescribed tax, and the recovery of such tax and penalties due thereon.

3.40.330 Enforcement.

The Director is hereby directed to enforce each and all of the provisions of this chapter, and the Chief of Police shall render such assistance in the enforcement hereof as may from time to time be required by the Director. The Director, in the exercise of the duties imposed hereunder, and acting through deputies or duly authorized assistants, shall examine or cause to be examined all places of business in the city to ascertain whether the provisions of this chapter have been complied with.

The Director, all duly authorized assistants and any police officers shall have the following

Page 12 of 17 ends

powers:
(a) To enter free of charge, and at any reasonable time during business hours, any place of business required to be certified herein, and demand an exhibition of its certificate. Any person to whom a certificate is issued shall exhibit the same on demand. (b)

3.40.340
To issue citations for any violations of this chapter.

Effect of annexation.

All existing businesses brought under the jurisdiction of the City by annexation procedures shall conform to the provisions of this chapter within thirty (30) days of the effective date of such annexation.

3.40.350 Businesses taxed.

Every person having a fixed place of business within the city and who engages in any business shall pay a tax based on the number of employees as defined and set forth in this chapter, according to the following rate schedules, unless the basis of the tax is otherwise prescribed in Section 3.40.380 or the business is exempted from the tax as prescribed in Section

3.40.170 of this chapter.

3.40.360 General schedule for person having fixed place of business within City.

From and after July 1, 2023, every person engaged in business in the City, whether or not at a fixed place of business in the City, shall annually pay to the Director a minimum business tax of forty-five dollars ($45.00) per employee, not to exceed a cap of three hundred and fifty thousand dollars ($350,000.00) per year, subject to annual adjustments set forth in SCCC 3.40.160.

3.40.370 Business without a fixed place of business in city.

Unless such business is otherwise specifically taxed by other provisions of this chapter, every person who does not have a fixed place of business in the city, but whose employees come into the city for the purpose of conducting a business or rendering services, when such employees come into the city for these purposes six (6) or more days during any calendar year, shall pay a

Page 13 of 17 ends

tax based on the number of employees as defined and set forth in this chapter, according to the following rate schedule:

Out-of-Town Businesses Business Registration and CertificateTax Number of Days Percentage of Tax
6-64 25%
65-129 50%
130+ 100%
For purposes of this section "operating a business in the city" shall include every person entering into a contract with the city, including, without limitation, contracts for public works, consultant services and franchise agreements.

Out of town business shall, as required on the application form and in compliance with procedures and methodologies adopted by the Finance Department, estimate the number of employees who will be conducting business within the City and the estimated number of days that business will be conducted within the city.

3.40.380
(a)
Rental units.

Every person engaged in the business of renting rooms, apartments, single- family houses, or other accommodations for dwelling, sleeping or lodging purposes, in the city shall pay the following tax:
(1) $15.00 per annum for each rental unit, subject to annual adjustments set forth in SCCC 3.40.160.
(2) Provided, however, that no tax shall be payable under this section, unless the person engaged in such business operates three or more rental units in the city. (b) As used in this section, unit means a room or suite of two or more rooms (including, but not limited to single-family houses) designed for or used as separate

Page 14 of 17 ends

accommodations for dwelling, sleeping or lodging purposes by a person living alone or two or more persons living together.

Rental unit - Surcharge. 3.40.390
(a) It is contemplated that the City Council will from time to time adjust the amount of the surcharge fee by resolution to cover the changing cost of the mediation services involved with these businesses and to insure that the surcharge fee amount prorated to the rental units shall not exceed the cost of the program services made available. (b) Any and all fees collected pursuant to this section are dedicated to and shall be used exclusively to pay the costs of the above services rendered in response to needs generated by the subject type of rental businesses.
(c) Those businesses covered under Chapter 3.25 SCCC, and paying the business tax under SCCC 3.40.310, Schedule No. 100, are exempt from paying the rental unit surcharge.

3.40.400 Cumulative remedies.

This chapter provides for administrative enforcement of its provisions, which are in addition to all other legal remedies, administrative, criminal or civil, which may be pursued by the city to address any violation of this chapter provided only that the city may not recover any sum due under this chapter more than once.

3.40.450 Audit.

The Director shall have the right to audit records of the businesses subject to the business license tax to ensure compliance with this chapter. Businesses shall retain records pertaining the business license tax for a period of three (3) years from the end of each calendar year, and shall allow the city access to such records, with appropriate notice and at a mutually agreeable time, to monitor compliance with the requirements of this chapter. Where a business does not maintain or retain adequate records documenting the number of its employees or does not allow the city reasonable access to such records, the city's calculation of the number of employees of the business shall be presumed to be accurate, absent clear and convincing evidence otherwise.

Page 15 of 17 ends

3.40.460
(a)
Constitutionality and legality; Gann limit.

This tax is intended to be applied consistently with the United States and California Constitutions, state law and the City Charter. The tax shall not be applied so as to cause an undue burden upon interstate commerce, a violation of the equal protection and due process clauses of the Constitutions of the United States or the State of California, to constitute a special tax, or to cause a violation of any other provision of applicable law. (b) Pursuant to California Constitution, Article XIII B, the appropriation limit for the city is hereby increased to the maximum extent over the maximum period of time allowed under law by the amount of the revenues generated by the tax.

3.40.470 Severability.

Should any provision of this chapter, or its application to any person or circumstance, be determined by a court of competent jurisdiction to be unlawful, unenforceable or otherwise void, that determination shall have no effect on any other provision of this chapter or the application of this chapter to any other person or circumstance and, to that end, the provisions hereof are severable.

SECTION 2: Implementation.
(a) The new tax imposed by this ordinance will go into effect on July 1, 2023. (b) Commencing July 1, 2023, each currently registered business will be required to begin making payments on the new tax when the renewal of the business tax certificate is due and payable upon expiration of the prior certificate.
(c) Consolidation: In accordance with SCCC 3.40.070, each business with additional branch establishments or locations within the City shall be treated as one business and shall begin paying for the new tax for all branch establishments or locations when the first renewal of any business tax certificate becomes due after July 1, 2023. (d) The Director of Finance is charged with the implementation and transition of the new business tax. Any tax payments due between July 1, 2023 and June 30, 2024 may be

Page 16 of 17 ends

prorated or credited in accordance with the administrative guidelines promulgated by the Director.

SECTION 3: General Tax. Proceeds of the tax imposed by this Ordinance shall be deposited in the general fund of the City and shall be available for any legal purpose.

SECTION 4: Ordinances Repealed. With exception of the provisions protected by the savings clause, all ordinances (or parts of ordinances) in conflict with or inconsistent with this ordinance are hereby repealed.

SECTION 5: Savings clause. The changes provided for in this ordinance shall not affect any offense or act committed or done or any penalty or forfeiture incurred or any right established or accruing before the effective date of this ordinance; nor shall it affect any prosecution, suit or proceeding pending or any judgment rendered prior to the effective date of this ordinance. All fee schedules shall remain in force until superseded by the fee schedules adopted by the City Council.

SECTION 6: Effective date. Subject to passage by the voters and the vote declared by the City Council, pursuant to Elections Code Section 9217, this ordinance shall take effect on July 1, 2023.

Attachments incorporated by reference: None

Page 17 of 17 ends

Resolution/Business License Tax 2.7% adjustment Increase, Effective July 1, 2025 Rev: 7/27/2023

Page 1 of 3 ends

RESOLUTION NO. _

A RESOLUTION OF THE CITY OF SANTA CLARA, CALIFORNIA,
ADJUSTING THE BUSINESS LICENSE TAX by 2.7% AS

AUTHORIZED IN SANTA CLARA CITY CODE SECTION

3.40.160, EFFECTIVE JULY 1, 2025

WHEREAS, Measure H, approved by Santa Clara voters on November 8, 2022, established a framework for periodic adjustments to the Business License Tax (Business Tax) to reflect economic changes and ensure equitable contributions from businesses operating in the City of Santa Clara; WHEREAS, Section 3.40.160 of the Santa Clara City Code, which was adopted pursuant to Measure H, provides for annual adjustments to the Business based on the Consumer Price Index (CPI) for All Urban Consumers for All Items for the San Francisco-Oakland-Hayward Area, as reported by the U.S. Bureau of Labor Statistics (BLS);
WHEREAS, the Business Tax revenue supports public safety, infrastructure maintenance, economic development programs, and community services and CPI adjustments allow the City to mitigate the impacts of inflation;
WHEREAS, the most recent CPI data for February 2025 indicates an annual inflation rate of 2.7%; therefore, it is appropriate to adjust the Business Tax rates by that percentage for Fiscal Year 2025- 26, effective July 1, 2025 as shown in Attachment 1; and WHEREAS, the City published a public notice of the proposed adjustment in the Santa Clara Weekly Newspaper.

NOW THEREFORE, BE IT RESOLVED BY THE CITY OF SANTA CLARA AS FOLLOWS:

1. That the findings as set forth above are hereby adopted by the City Council of the City of Santa Clara (City Council).

2. The City Council hereby approves the Business Tax adjustment of 2.7% CPI increase, effective July 1, 2025. This adjustment is made pursuant to Section 3.40.160 of the Santa Clara City Code, which authorizes annual inflation-based updates to the Business License Tax.

----
Resolution/Business License Tax 2.7% adjustment Increase, Effective July 1, 2025 Rev: 7/27/2023

Page 2 of 3 ends

3. That a true and correct copy of the Resolution shall be kept on file in the Office of the City Clerk and in the Billing Division of the City Finance Department. ///

///

///
Resolution/Business License Tax 2.7% adjustment Increase, Effective July 1, 2025 Rev: 7/27/2023

Page 3 of 3 ends

4. Effective date. This resolution shall become effective immediately.

I HEREBY CERTIFY THE FOREGOING TO BE A TRUE COPY OF A RESOLUTION PASSED

AND ADOPTED BY THE CITY OF SANTA CLARA, CALIFORNIA, AT A REGULAR MEETING THEREOF HELD ON THE DAY OF , 2025, BY THE FOLLOWING VOTE:

AYES: COUNCILORS:

NOES: COUNCILORS:

ABSENT: COUNCILORS:

ABSTAINED: COUNCILORS:

ATTEST:

NORA PIMENTEL, MMC

ASSISTANT CITY CLERK

CITY OF SANTA CLARA

Attachment:

1. Business Tax Rate Adjustments for July 1, 2025

CITY OF SANTA CLARA

FINANCE DEPARTMENT

Date Effective: July 1, 2025 Resolution No. 25-
Supersedes Business Tax & License
Effective: July 1, 2023
Resolution No. 22-9130 approved
July 12, 2022

BUSINESS TAX ADJUSTMENTS

ANNUAL ADJUSTMENTS FOR INFLATION:

The Business Tax applies to all businesses operating in the City of Santa Clara and is assessed based on the number of employees or rental units, in accordance with Santa Clara City Code Chapter 3.40 (Business Tax). Per Section 3.40.160 of the City Code, adjustments to this tax are allowed annually based on increases to the Consumer Price Index (CPI-U) for the San Francisco-Oakland-Hayward Area, as reported by the U.S. Bureau of Labor Statistics (BLS).

RATES:

Beginning July 1, 2025, the Business Tax rates will increase by 2.7% based on changes to the CPI Index. The annual adjustments are based on the CPI Index set as of February each year.

The table below sets the rates as of July 1, 2025.

Category
Current Rate
(Effective July 1, 2023)
New Rate
(Effective July 1, 2025)
Per Employee $45.00 $46.22
Rental Unit Tax $15.00 $15.40
Business Tax Cap $350,000 $359,450

City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
22-936 Agenda Date: 7/12/2022

REPORT TO COUNCIL

SUBJECT
Discussion and Adoption of a Resolution Calling for a Municipal General Election and Ordering Consolidation with the Gubernatorial General Election for the Purpose of Submitting to the Voters a Business License Tax (BLT) Modernization Measure; Authorizing the City Clerk to Contract with the County of Santa Clara for Services to be Performed in Connection with the Gubernatorial General Election to be Held on November 8, 2022, as well as Directing the City Attorney to Prepare an Impartial Analysis; and Setting Priorities for Ballot Arguments (Continued from July 5, 2022)

COUNCIL PILLAR
Deliver and Enhance High-Quality, Efficient Services and Infrastructure

BACKGROUND
At the July 5, 2022 City Council meeting, Staff presented recommendations to adopt two resolutions for the placement of a Utility Transfer Charter Amendment and a Business License Tax Modernization Measure on the November 2022 ballot. (See Attachment 1, RTC 22-891). These recommendations were based on the extensive outreach and engagement process with multiple and diverse stakeholder groups that has occurred since the beginning of the year.

Following the staff presentation, public comments and Council discussion, the City Council unanimously approved the placement of the Utility Transfer Charter Amendment, but continued action related to the Business License Tax Modernization Measure to July 12, 2022 and asked staff to facilitate an ad hoc working group comprised of Councilmembers Chahal, Hardy and Park to further engage with the Silicon Valley Central Chamber and any other stakeholders, regarding comments received on the proposed measure at the July 5, 2022 meeting.

In accordance with Council’s direction, a meeting comprised of diverse stakeholders representing the Chamber, large businesses in Santa Clara, City Boards & Commissions and the general public was scheduled for Friday, July 9.

Given the limited time between meetings, it was agreed that a transmittal report would be included in the Council agenda packet with recommendations presented as supplemental material.

This report will serve as the transmittal report.

DISCUSSION
While a supplemental report based on the efforts of the working group will be provided, it should be noted that the continuance of the item requires a resetting of the timelines for submission of the resolution, arguments, rebuttals and impartial analysis to the City Clerk.

In accordance with Elections Code Section 9285(a) the City Clerk as the local Elections Official has set the following deadlines:  adoption of the ballot resolution on July 12, 2022; arguments due by 5:00 p.m. to the City Clerk’s office on July 26, 2022; rebuttals due by 5:00 p.m. to the City Clerk’s office on August 5, 2022. The City Attorney shall draft an impartial analysis on the measure, which is also due on Friday, August 5, 2022. The deadline to submit the Resolution to the County Registrar of Voters (ROV) is 5:00 p.m. on August 12th; the deadline to submit Arguments to the ROV is 5:00 p.m. on August 16 and the deadline to submit Rebuttals and Impartial Analysis to the ROV is 5:00 p.m. on August 23, 2022.

It should also be noted that the recommendation to delete the definition of “fiscal year” in the resolution and attached ordinance presented at the July 5, 2022 Council meeting has been incorporated in the revised proposed resolution, Attachment 3, and will be incorporated into the supplemental report and any other subsequently proposed resolutions.

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22-936 Agenda Date: 7/12/2022

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA guidelines section 15378(b)(5) in that it is a governmental organization or administrative activity that will not result in direct or indirect changes in the environment.

FISCAL IMPACT
Additional ongoing revenues of approximately $8 million is projected from a successful passage of the proposed Business License Tax Ballot Measure, effective January 1, 2024. The actual amounts will be dependent on the actual proposal, if any, that is brought forward, and whether the measure is successful at the November 2022 ballot.

The FY2022/23 Adopted Budget includes $350,000 to cover election costs and existing funding to conduct basic education and voter outreach. Actual costs will be determined by the County Registrar of Voters based on the number of ballots and the actual printing costs allocated to the City of Santa Clara. A future budget amendment may be brought forward at a later date if required.

COORDINATION
This report has been coordinated with the City Manager’s Office, the Finance Department, the City Clerk’s Office and City Attorney’s Office.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any report to council may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

ALTERNATIVES

1. Adopt a resolution ordering submission of a ballot measure to the qualified electors of the City; calling for a Special Municipal Election to be held in the City of Santa Clara on Tuesday, November 8, 2022, for the purpose of submitting to City voters a measure modernizing the City’s Business License Tax; requesting consolidation with the Gubernatorial General Election and election services from Santa Clara County; directing the City Attorney to prepare an impartial analysis; setting priorities for ballot arguments; and approval of the draft amendment to the Santa Clara City Code to incorporate the proposed changes if the measure is approved by the voters.

2. Other direction as approved by the City Council

RECOMMENDATION

Reviewed by: Cynthia Bojorquez, Assistant City Manager
Approved by: Rajeev Batra, City Manager

ATTACHMENTS

1. July 5, 2022 Report to Council (22-891)

2. Summary of Community Engagement Process Input

3. Revised Resolution Placing Business License Tax on November 2022 Ballot from July 5, 2022 City of Santa Clara Printed on 7/9/2022Page 2 of 2
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-76 Agenda Date: 4/29/2025

REPORT TO COUNCIL

SUBJECT
Action on the Award of Purchase Orders to GE Grid Solutions, LLC for Purchase of Additional Equipment and Services for Silicon Valley Power’s GE JungleMux System

COUNCIL PILLAR
Deliver and Enhance Quality Efficient Services and Infrastructure

BACKGROUND
On July 11, 2023, the City Council authorized the City Manager to issue purchase orders to GE Grid Solutions, LLC (GE) for the purchase of equipment, hardware, and software services for Silicon Valley Power’s GE JungleMux system with a total aggregate maximum amount for these purchases not to exceed $2,000,000 through June 30, 2028 (Attachment 1).

The purchase was approved on a sole source basis under Section 2.105.280(b)(2) of the City Code which states: “When required to ensure operation or function to match other products with respect to the repair, expansion or completion of a system, existing structure or program currently in use by the City, including, but not limited to, utility and technology purchases required to achieve interoperability with existing systems or programs.”
Silicon Valley Power (SVP) has been using the JungleMux communications multiplexer (JMUX) system manufactured by GE Grid Solutions, LLC (GE) for over 20 years. The JMUX system is a critical infrastructure system installed at SVP’s 32 substations. It supports the transmission of data to SVP’s control center from various applications, including electrical protection systems, supervisory control and data acquisition (SCADA) systems, video surveillance systems, and metering systems.

Due to the proprietary nature of the equipment and software components, continued maintenance and system compatibility require purchases to be made directly from GE.

DISCUSSION
Since the City Council’s authorization in 2023, GE has announced that the JMUX system will be discontinued, with a last time to buy date of June 30, 2025. GE will offer limited technical support and repair services for up to seven years, through June 30, 2032.

In anticipation of this, SVP staff has procured critical spare components at a significant discount to support ongoing operations and maintenance. These purchases, totaling approximately $1.4 million, were made under the City Council’s previously authorized amount of $2,000,000. In addition, SVP has made other purchases such as equipment for new substations of approximately $400,000, leaving a remaining authorization of approximately $200,000 through June 30, 2028.

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25-76 Agenda Date: 4/29/2025
modifying 15 JMUX nodes to meet projected electric load growth, primarily driven by the construction of new data centers and larger developments.

Going forward, additional funding is required to procure JMUX hardware and software from GE to support upcoming substation projects. Staff recommend the City Council authorize the City Manager to issue Purchase Orders to GE for an aggregate amount not to exceed $5 million (an increase of $3,000,000) through June 30, 2032. This increase is required to support upcoming substation projects and accounts for potential price increases due to current tariffs on imported goods.

Purchases will be governed by GE’s Terms and Conditions for Sale of Products and Services attached to this report. Prior to issuing each purchase order, staff will identify project-specific JMUX system needs and request a quote from GE. SVP staff will ensure pricing is fair and reasonable by comparing the quote to recent purchases. GE already provides a discount to SVP as a long-term customer.

When the purchase of equipment is part of commissioning a new substation, costs will be recovered from the requesting customer pursuant to a deposit or substation agreement.

Staff has been working on a long-term replacement for the JMUX system. Staff is developing an RFP that will include a pilot program to identify potential solutions that can be implemented in a phased approach in order to have minimal effect on SVP’s electrical system. Staff anticipates releasing the RFP in Q3 of 2025.

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to section 15061(b)(3) of Title 14 of the California Code of Regulations, because it can be seen with certainty that there is no possibility that the proposed action will have a significant effect on the environment given that it solely authorizes the purchase of additional software and hardware for existing infrastructure.

FISCAL IMPACT
Where purchase of the equipment is part of commissioning of a new substation, funding will be recovered from the requesting customer pursuant to a deposit agreement or substation agreement and included in the associated Capital Improvement Program Budget for that customer’s project.

Equipment replacements associated with maintaining or expanding the system are included in SVP’s FY 2024/25 Operating or Capital Improvement Program Budget. Funding for future years will be included in the applicable budget process.

COORDINATION
This report has been coordinated with the Finance Department and the City Attorney’s Office.

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25-76 Agenda Date: 4/29/2025

RECOMMENDATION

1. Authorize the City Manager or designee to issue purchase orders to GE Grid Solutions, LLC on an as-needed basis for a period of five years through June 30, 2028, for a total maximum amount not to exceed $5,000,000 for the purchase of equipment, hardware, and software services for Silicon Valley Power’sGE JungleMux system, subject to the appropriation of funds and review and approval as to form by the City Attorney; and

2. Authorize the City Manager or designee to (a) take any actions as necessary to implement and administer GE’sTerms and Conditions for Sale of Products and Services and/or purchase orders, and (b) negotiate and execute amendments to the GE’s Terms and Conditions for Sale of Products and Services or purchase orders, to (1) add or delete services, (2) adjust future rates and terms based on market conditions, and (3) make de minimis revisions, subject to the above maximum compensation limit and review and approval as to form by the City Attorney.

Reviewed by: Nico Procos, Acting Chief Electric Utility Officer Approved by: Jovan D. Grogan, City Manager

ATTACHMENTS

1. GE Grid Solutions, LLC Terms and Conditions for Sale of Products and Services City of Santa Clara Printed on 4/25/2025Page 3 of 3
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23-108

REPORT TO COUNCIL

SUBJECT
City of Santa Clara
Agenda Report
1500 Wa rburton Avenue
Santa Clara , CA 95050
santaclaraca.gov
@SantaClaraCity
Agenda Date: 7/11/2023
Action on Award of Purchase Orders to GE Grid Solutions, LLC for Purchase of Additional Equipment and Services for Silicon Valley Power's GE JungleMux System

COUNCIL PILLAR
Deliver and Enhance Quality Efficient Services and Infrastructure

BACKGROUND
Silicon Valley Power (SVP) has been using the JungleMux communications multiplexer (JMUX) system manufactured by GE Grid Solutions, LLC (GE) for over 20 years. The JMUX system is a critical infrastructure system which is primarily responsible for the transmitting information to SVP's control center from various applications, such as electrical protection , supervisory control and data acquisition (SCADA), video surveillance, and metering systems. It consists of proprietary equipment and software components and is installed at each SVP substation.

SVP currently has 36 operating JMUX nodes at 32 different substations and is constructing or modifying 15 JMUX nodes to meet projected electric load growth primarily driven by construction of new data centers and larger developments. The purpose of this report is to request authorization for additional purchases from GE of JMUX equipment, hardware, and software. This will ensure continued compatibility with the existing infrastructure for maintenance or replacement of existing equipment and planned system expansion.

DISCUSSION
The Purchasing Division Manager has determined that this procurement meets the single/sole source criteria pursuant to Section 2.105.280(b)(2) of the City Code which states: "When required to ensure operation or function to match other products with respect to the repair, expansion or completion of a system, existing structure or program currently in use by the City, including, but not limited to, utility and technology purchases required to achieve interoperability with existing systems or programs. " Staff's estimate for JMUX equipment, hardware , software, and support services is $2,000,000 over the next five years. Purchases will be made on an as-needed basis and accomplished by issuing purchase orders. Such purchase orders will be governed by GE's Terms and Conditions for Sale of Products and Services, attached to this Report to Council. Prior to issuing a purchase order, staff will identify specific JMUX system needs and request a quote from GE. SVP staff will ensure pricing is fair and reasonable by comparing the quote to recent purchases. GE already provides a discount to SVP as a longtime customer.

When the purchase of the equipment is part of commissioning a new substation, cost will be recovered from the requesting customer pursuant to a deposit or substation agreement.

City of Santa Clara Page 1 of 2 Printed on 7/6/2023
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Agenda Date: 7/11/2023

ENVIRONMENTAL REVIEW
The action being considered does not constitute a "project" within the meaning of the California Environmental Quality Act ("CEQA") pursuant to section 15061 (b)(3) of Title 14 of the California Code of Regulations because it can be seen with certainty that there is no possibility that the proposed action will have a significant effect on the environment given that it solely authorizes the purchase of additional software and hardware for existing infrastructure.

FISCAL IMPACT
Where purchase of the equipment is part of commissioning of a new substation , funding will be recovered from the requesting customer pursuant to a deposit agreement or substation agreement and included in the associated Capital Improvement Program Budget for that customer's project.

Equipment replacements associated with maintaining or expanding the system are included in SVP's FY 2023/24 Operating or Capital Improvement Program Budget.

COORDINATION
This report has been coordinated with the Finance Department and the City Attorney's Office.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City's official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City's website and in the City Clerk's Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk's Office at (408) 615-2220, email clerk@santaclaraca .gov <mailto :clerk@santaclaraca .gov>.

RECOMMENDATION
Authorize the City Manager to execute the attached Terms and Conditions for Sale of Products and Services from GE Grid Solutions, LLC and issue purchase orders on an as-needed basis for a period of five years through June 30, 2028 for a total cumulative amount of $2,000,000 for the purchase of equipment , hardware, and software services for Silicon Valley Power's GE JungleMux system, subject to the appropriation of funds and review and approval as to form by the City Attorney of the Terms and Conditions and the purchase orders.

Reviewed by: Manuel Pineda, Chief Electric Utility Officer Approved by: Jovan D. Grogan, City Manager

ATTACHMENTS

1. GE Grid Solutions , LLC Terms and Conditions for Sale of Products and Services City of Santa Clara Page 2 of 2 Printed on 7/6/2023
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1. Definitions
Terms and Conditions for Sale of Products and Services
Form EM 104 (Grid Solutions)
GE Grid Solutions ("Seller") and City of Santa Clara ("Buyer") "Buyer" means the entity to which Seller is providing Products or Services under the Contract. "Contract" means either the contract agreement signed by both parties, or the purchase order signed by Buyer and accepted by Seller in writing, for the sale of Products or Services, Seller's final quotation, the agreed scope(s) of work, and Seller's order acknowledgement. "Contract Price" means the agreed price stated in the Contract for the sale of Products and Services, including adjustments (if any) in accordance with the Contract.
"Firmware" means software provided with or embedded in a Product and necessary for the proper functioning of the Product, but excluding software supplied by a third party and software applications licensed separately. "Hazardous Materials" means any toxic or hazardous substance, hazardous material, dangerous or hazardous waste, dangerous good, radioactive material, petroleum or petroleum-derived products or by-products, or any other chemical, substance, material or emission, that is regulated, listed or controlled pursuant to any national, state, provincial, or local law, statute, ordinance, directive, regulation or other legal requirement of the United States ("U.S.") or the country of the Site. "lnsolvenUBankrupt" means that a party is insolvent, makes an assignment for the benefit of its creditors, has a receiver or trustee appointed for it or any of its assets, or files or has filed against it a proceeding under any bankruptcy, insolvency dissolution or liquidation laws. "Products" means the equipment, parts, materials, supplies, software, and other goods Seller has agreed to supply to Buyer under the Contract.
"Seller" means the entity providing Products or performing Services under the Contract. "Services" means the services Seller has agreed to perform for Buyer under the Contract. "Site" means the premises where Products are used or Services are performed, not including Seller's premises from which it performs Services.
"Terms and Conditions" means these "Terms and Conditions for Sale of Products and Services", including any relevant addenda pursuant to Article 18, together with any modifications or additional provisions specifically stated in Seller's final quotation or specifically agreed upon by Seller in writing.

2. Payment

2.1 Provided that Seller has provided all required information needed by Buyer for direct bank transfer, Buyer shall pay Seller for the Products and Services by paying all invoiced amounts by direct bank transfer in the currency specified by Seller in the Contract, without set-off for any payment from Seller not due under this Contract, within thirty (30) days from the invoice date. Invoicing and payment shall be in accordance with the Contract. If not otherwise agreed in the Contract, Seller shall issue invoices upon shipment of Products and as Services are performed, or if the Contract Price is U.S. Two Hundred Fifty Thousand Dollars ($250,000) or more, progress payments shall be invoiced pursuant to the terms of each Purchase Order. If the price is set by the Contract in a currency other than U.S. dollars, references to U.S. dollars in this Section 2.1 shall mean the equivalent amount in the applicable currency. In case of any increase in material or labor costs over the Contract execution period the Seller shall notify the Buyer who may (1) terminate the purchase or (2) authorize the additional costs. In case the Contract does not comprise a price escalation mechanism and if a Party can demonstrate that the continued performance of its contractual obligations has become excessively onerous due to an event as per Clause 10 (which will include evolution of any event preexisting at the time of signature of the Contract), the Parties are bound, within a reasonable time of written notice ·by one P9rty to the other, to negotiate alternative contractual terms or a mitigation plan which reasonably permit the consequences of the event to be mitigated or the restoration of the balance that was preexisting at the signature of the Contract between the Parties. The Party serving notice under this Clause shall provide the other Party with as much commercially available details of the event or events affecting that Party's contractual obligations, the affected obligations themselves and how and to which extent these events are (and will be) affecting the performance of the Contract. The Parties shall act in the spirit of openness and transparency in this communication within the limits set by applicable antitrust laws and regulations. Where an agreement is reached, the Parties shall start implementing the agreed measures immediately, pending the signature of the relevant amendment to the Contract. In the event the Parties are unable to agree on alternative contractual terms or on a mitigation plan as provided above within fifteen (15) days of the written notice, and in the absence of any other agreement, the Party serving notice under this Clause will be entitled to either suspend its performance of the affected portion of the Contract, or to terminate the Contract, without any liability to the other party. If the Contract is suspended for a period greater than 60 consecutive days by that Party, either Party may terminate the Contract by sending written notice of termination to the other Party. In case of termination of Form EM104 (Global) Grid Solutions/ City of Santa Clara - July 2023 Page 1 of 9 the Contract hereunder, the Parties shall settle their accounts accordingly as if the Contract had been terminated through no fault of the Parties, without prejudice to any Party's right to apply the provisions of Clause 16.2 hereof. To support the prevention of fraud, in the event the Buyer is required to make a payment to a bank account that is not the one expressly agreed upon in the Contract, before proceeding with payment the Buyer shall request confirmation to the Seller that the bank account identified in the invoice or request for payment is valid. Verification must be anticipated not to lead to any delay in making payment.

2.2 For each day of delay in receiving Progress Payments, Seller shall be entitled to an equitable extension of the schedule.

3. Taxes and Duties
Seller shall be responsible for all corporate taxes measured by net income due to performance of or payment for work under this Contract ("Seller Taxes"). Buyer shall be responsible for all taxes, duties, fees, or other charges of any nature (including, but not limited to, consumption, gross receipts, import, property, sales, stamp, turnover, use, or value-added taxes, and all items of withholding, deficiency, penalty, addition to tax, interest, or assessment related thereto, imposed by any governmental authority on Buyer or Seller or its subcontractors) in relation to the Contract or the performance of or payment for work under the Contract other than Seller Taxes ("Buyer Taxes"). The Contract Price does not include the amount of any Buyer Taxes. If Buyer deducts or withholds Buyer Taxes, Buyer shall pay additional amounts so that Seller receives the full Contract Price without reduction for Buyer Taxes. Buyer shall provide to Seller, within one month of payment, official receipts from the applicable governmental authority for deducted or withheld taxes.

4. Deliveries; Title Transfer; Risk of Loss; Storage

4.1 For shipments that do not involve export, including shipments from one European Union ("EU") country to another EU country, Seller shall deliver Products to Buyer designated facility or warehouse. For export shipments, Seller shall deliver Products to Buyer designated facility or warehouse. Notwithstanding anything to the contrary, for any importation, Buyer shall be identified as the importer in all applicable documents. Buyer shall pay all delivery costs and charges or pay Seller's standard shipping charges plus up to twenty-five (25%) percent.

Partial deliveries are permitted. Seller may deliver Products in advance of the delivery schedule. In case Buyer and Seller agree on different transportation arrangement with cost of freight and delivery to destination included in the Contract Price, Seller will not be responsible for any increase in transportation costs occurring after the Contract signature unless if caused by Seller's sole negligence, and Seller will be entitled to invoice the Buyer the additional transportation costs it has actually incurred, subject to reasonable justification of such additional costs. Delivery times are approximate and are dependent upon prompt receipt by Seller of all information necessary to proceed with the work without interruption. If Products delivered do not correspond in quantity, type or price to those itemized in the shipping invoice or documentation, Buyer shall so notify Seller within ten (10) days after receipt.

4.2 For shipments that do not involve export, title to Products shall pass to Buyer upon delivery in accordance with Section 4.1. For export shipments from a Seller facility or warehouse outside the U.S., title shall pass to Buyer upon delivery in accordance with Section 4.1. For shipments from the U.S. to another country, title shall pass to Buyer immediately after each item departs from the territorial land, seas and overlying airspace of the U.S. The 1982 United Nations Convention of the law of the Sea shall apply to determine the

4.3 U.S. territorial seas. For all other shipments, title to Products shall pass to Buyer the earlier of (i) the port of export immediately after Products have been cleared for export or (ii) immediately after each item departs from the territorial land, seas and overlying airspace of the sending country. When Buyer arranges the export or intercommunity shipment, Buyer will provide Seller evidence of exportation or intercommunity shipment acceptable to the relevant tax and custom authorities.

4.4 Risk of loss shall pass to Buyer upon delivery pursuant to Section 4.1, except that for export shipments from the U.S., risk of loss shall transfer to Buyer upon title passage.

4.5 If any Products to be delivered under this Contract or if any Buyer equipment repaired at Seller's facilities cannot be shipped to or received by Buyer or end user when ready due to any cause attributable to Buyer, its other contractors or the end user, Seller may ship the Products and equipment to a storage facility, including storage at the place of manufacture or repair, or to an agreed freight forwarder.

If Seller places Products or equipment into storage, the following apply: (i) title and risk of loss immediately pass to Buyer, if they have not already passed, and delivery shall be deemed to have occurred; (ii) any amounts otherwise payable to Seller upon delivery or shipment shall be due; (iii) Seller will be entitled to invoice the Buyer the costs of transportation to the storage facilities plus a lumpsum amount of

0.5% of the Contract Price per full week (or prorata thereoD of storage with a minimum of USD 1000 (one thousand United States Dollars).

Invoices shall be on a weekly basis starting the beginning of third week of storage until the shipment of the Products can be made; and (iv) when conditions permit and upon payment of all amounts due, Seller shall make Products and repaired equipment available to Buyer for delivery. If the Contract requires Seller to submit drawings or other documents for approval by Buyer, Buyer shall review and issue its response (either approval or disapproval with reasons for disapproval detailed) within 10 days of Seller's submittal. If Buyer fails to provide a response within 10 days, the submittal shall be deemed approved.

4.6 If repair Services are to be performed on Buyer's equipment at Seller's facility, Buyer shall be responsible for, and shall retain risk of loss of, such equipment at all times, except that Seller shall be responsible for damage to the equipment while at Seller's facility to the extent such damage is caused by Seller's negligence.

Form EM104 (Global) Grid Solutions/ City of Santa Clara-July 2023 Page 2 of9

5. Warranty

5.1 Seller warrants that Products shall be delivered free from defects in material, workmanship and title and that Services shall be performed in a competent, diligent manner in accordance with any mutually agreed specifications.

5.2 The warranty for Products shall expire one (1) year from first use or eighteen (18) months from delivery, whichever occurs first, except that software is warranted for ninety (90) days from delivery. The warranty for Services shall expire one (1) year after performance of the Service, except that software-related Services are warranted for ninety (90) days.

5.3 If Products or Services do not meet the above warranties, Buyer shall promptly notify Seller in writing prior to expiration of the warranty period. Seller shall (i) at its option, repair or replace defective Products and (ii) re-perform defective Services. If despite Seller's reasonable efforts, a non-conforming Product cannot be repaired or replaced, or non-conforming Services cannot be re-performed, Seller shall refund or credit monies paid by Buyer for such non-conforming Products and Services. Warranty repair, replacement or re-performance by Seller shall not extend or renew the applicable warranty period. Buyer shall obtain Seller's agreement on the specifications of any tests it plans to conduct to determine whether a non-conformance exists.

5.4 Buyer shall bear the costs of access for Seller's remedial warranty efforts (including removal and replacement of systems, structures, or other parts of Buyer's facility), de-installation, decontamination, re-installation and transportation of defective Products to Seller and back to Buyer.

5.5 The warranties and remedies are conditioned upon (a) proper storage, installation (by properly certified installers or under the supervision of properly certified supervisors, if required), use, operation, and maintenance of Products, (b) Buyer keeping accurate and complete records of operation and maintenance during the warranty period and providing Seller access to those records, and (c) modification or repair of Products or Services only as authorized by Seller in writing. Failure to meet any such conditions renders the warranty null and void. Seller is not responsible for normal wear and tear.

5.6 This Article 5 provides the exclusive remedies for all claims based on failure of or defect in Products or Services, regardless of when the failure or defect arises, and whether a claim, however described, is based on contract, warranty, indemnity, tori/extra-contractual liability (including negligence), strict liability or otherwise. The warranties provided in this Article 5 are exclusive and are in lieu of all other warranties, conditions and guarantees whether written, oral, implied, or statutory. NO IMPLIED OR STA TUT ORY WARRANTY, OR WARRANTY OR CONDITION OF MERCHANTABILITY OR FITNESS FORA PARTICULAR PURPOSE APPLIES.

6. Confidentiality

6.1 Seller and Buyer (as to information disclosed, the "Disclosing Party") may each provide the other party (as to information received, the "Receiving Party") with Confidential Information in connection with this Contract. "Confidential Information" means (a) information that is designated in writing as "confidential" or "proprietary" by Disclosing Party at the time of written disclosure, and (b) information that is orally designated as "confidential" or "proprietary" by Disclosing Party at the time of oral or visual disclosure and is confirmed to be "confidential" or "proprietary" in writing within twenty (20) days after the oral or visual disclosure.

6.2 Receiving Party agrees: (i) to use the Confidential Information only in connection with the Contract and use of Products and Services and (ii) to take reasonable measures to prevent disclosure of the Confidential Information to third parties. Notwithstanding these restrictions, (a) Seller may disclose Confidential Information to its affiliates and subcontractors in connection with performance of the Contract, (b) a Receiving Party may disclose Confidential Information to its auditors, (c) Buyer may disclose Confidential Information to lenders as necessary for Buyer to secure or retain financing needed to perform its obligations under the Contract, and (d) a Receiving Party may disclose Confidential Information to any other third party with the prior written permission of Disclosing Party, and in each case, only so long as the Receiving Party obtains a non-disclosure commitment from any such subcontractors, auditors, lenders or other permitted third party that prohibits disclosure of the Confidential Information and provided further that the Receiving Party remains responsible for any unauthorized use or disclosure of the Confidential Information. Receiving Party shall upon request return to Disclosing Party or destroy all copies of Confidential Information except to the extent that a specific provision of the Contract entitles Receiving Party to retain an item of Confidential Information. Seller may also retain one archive copy of Buyer's Confidential Information.

6.3 The obligations under this Article 6 shall not apply to any portion of the Confidential Information that: (i) is or becomes generally available to the public other than as a result of disclosure by Receiving Party, its representatives or its affiliates; (ii) is or becomes available to Receiving Party on a non-confidential basis from a source other than Disclosing Party when the source is not, to the best of Receiving Party's knowledge, subject to a confidentiality obligation to Disclosing Party; (iii) is independently developed by Receiving Party, its representatives or affiliates, without reference to the Confidential Information; (iv) is required to be disclosed by law or valid legal process provided that the Receiving Party intending to make disclosure in response to such requirements or process shall promptly notify the Disclosing Party in advance of such disclosure and reasonably cooperate in attempts to maintain the confidentiality of the Confidential Information.

6.4 Each Disclosing Party warrants that it has the right to disclose the information that it discloses. As to any individual item of Confidential Information, the restrictions under this Article 6 shall expire five (5) years after the date of disclosure. Article 6 does not supersede any separate confidentiality or nondisclosure agreement signed by the parties.

Form EM104 (Global) Grid Solutions/ City of Santa Clara-July 2023 Page 3 of9

7. Intellectual Property

7.1 Notwithstanding the provisions of section 4.2, Seller grants only a non-exclusive license, and does not pass title, to any Firmware and other software provided by Seller under this Contract, drawings and other documentation delivered for use of Buyer shall remain subject to ownership and/or intellectual property rights of Seller, as applicable and title to any leased equipment remains with Seller.

7.2 Seller shall defend and indemnify Buyer against any claim by a non-affiliated third party (a "Claim") alleging that Products or Services furnished under this Contract infringe a patent in effect in the U.S., an EU member state or the country of the Site (provided there is a corresponding patent issued by the U.S. or an EU member state), or any copyright or trademark registered in the country of the Site, provided that Buyer (a) promptly notifies Seller in writing of the Claim, (b) makes no admission of liability and does not take any position adverse to Seller, (c) gives Seller sole authority to control defense and settlement of the Claim, and (d) provides Seller with full disclosure and reasonable assistance as required to defend the Claim.

7.3 Section 7.2 shall not apply and Seller shall have no obligation or liability with respect to any Claim based upon (a) Products or Services that have been modified, or revised, (b) the combination of any Products or Services with other products or services when such combination is a basis of the alleged infringement, (c) failure of Buyer to implement any update provided by Seller that would have prevented the Claim, (d) unauthorized use of Products or Services, or (e) Products or Services made or performed to Buyer's specifications.

7.4 Should any Product or Service, or any portion thereof, become the subject of a Claim, Seller may at its option (a) procure for Buyer the right to continue using the Product or Service, or applicable portion thereof, (b) modify or replace it in whole or in part to make it non infringing, or (c) failing (a) or (b), take back infringing Products or Services and refund the price received by Seller attributable to the infringing Products or Services.

7.5 Article 7 states Seller's exclusive liability for intellectual property infringement by Products and Services.

7.6 Each party shall retain ownership of all Confidential Information and intellectual property it had prior to the Contract. All rights in and to Firmware and software not expressly granted to Buyer are reserved by Seller. All new intellectual property conceived or created by Seller in the performance of this Contract, whether alone or with any contribution from Buyer, shall be owned exclusively by Seller. Buyer agrees to deliver assignment documentation as necessary to achieve that result.

8. Indemnity
Each of Buyer and Seller (as an "Indemnifying Party") shall indemnify the other party (as an "Indemnified Party") from and against claims brought by a third party, on account of personal injury or damage to the third party's tangible property, to the extent caused by the negligence of the Indemnifying Party in connection with this Contract. In the event the injury or damage is caused by joint or concurrent negligence of Buyer and Seller, the loss or expense shall be borne by each party in proportion to its degree of negligence. For purposes of Seller's indemnity obligation, no part of the Products or Site is considered third party property.

9. Insurance
During the term of the Contract, Seller shall maintain for its protection the following insurance coverage: (i) Worker's Compensation, Employer's Liability and other statutory insurance required by law with respect to work related injuries or disease of employees of Seller in such form(s) and amount(s) as required by applicable laws; (ii) Automobile Liability insurance with a combined single limit of $2,500,000.00; and (iii) Commercial General Liability or Public Liability insurance for bodily injury and property damage with a combined single limit of $2,500,000.00. If required in the Contract, Seller shall provide a certificate of insurance reflecting such coverage.

10. Excusable Events
Seller shall not be liable or considered in breach of its obligations under this Contract to the extent that Seller's performance is delayed or prevented, directly or indirectly, by any cause beyond its reasonable control, or by armed conflict, acts or threats of terrorism, epidemics, pandemics, strikes or other labor disturbances, or acts or omissions of any governmental authority or of the Buyer or Buyer's contractors or suppliers. If an excusable event occurs, the schedule for Seller's performance shall be extended by the amount of time lost by reason of the event plus such additional time as may be needed to overcome the effect of the event. If acts or omissions of the Buyer or its contractors or suppliers cause the delay, Seller shall also be entitled to an equitable price adjustment.

Buyer recognizes that in case of epidemics or pandemics (or evolution of existing epidemics or pandemics), the precautionary, mitigation or corrective measures implemented by the Seller in the frame of the Contract are implemented in the best interest of the Buyer and the Contract performance, and the Buyer and Seller both agree that the additional costs reasonably incurred by Seller in implementing such measures shall be compensated by the Buyer to the Seller. If an Excusable Event occurs that will delay Seller from the performance of its obligations under this Contract. Seller will notify Buyer in writing of such condition and the cause thereof no later than five (5) calendar days after the commencement of the Excusable Event, describing in detail the event, the effect thereof upon the work, and the length or potential length of delay and the measures to be taken to minimize the delay.

11. Termination and Suspension

11.1 Buyer may terminate the Contract (or the portion affected) for cause if Seller (i) becomes lnsolvenVBankrupt, or (ii) commits a material Form EM104 (Global) Grid Solutions/ City of Santa Clara - July 2023 Page 4 of 9 breach of the Contract which does not otherwise have a specified contractual remedy, provided that: (a} Buyer shall first provide Seller with detailed written notice of the breach and of Buyer's intention to terminate the Contract, and (b} Seller shall have failed, within 30 days after receipt of the notice, to commence and diligently pursue cure of the breach.

11.2 If Buyer terminates the Contract pursuant to Section 11.1, (i} Seller shall reimburse Buyer the difference between that portion of the Contract Price allocable to the terminated scope and the actual amounts reasonably incurred by Buyer to complete that scope, and (ii} Buyer shall pay to Seller (a} the portion of the Contract Price allocable to Products completed, (b} lease fees incurred, and (c} amounts for Services performed before the effective date of termination. The amount due for Services shall be determined in accordance with the milestone schedule (for completed milestones} and rates set forth in the Contract (for work toward milestones not yet achieved and where there is no milestone schedule}, as applicable or, where there are no milestones and/or rates in the Contract, at Seller's then-current standard time and material rates.

11.3 Seller may suspend or terminate the Contract (or any affected portion thereoD immediately for cause if Buyer (i} becomes lnsolvenUBankrupt, or (ii} materially breaches the Contract, including, but not limited to, failure or delay in Buyer providing Payment Security, making any payment when due, or fulfilling any payment conditions.

11.4 If the Contract (or any portion thereoD is terminated under Section 11.3, Buyer shall pay Seller for all Products completed, lease fees incurred and Services performed before the effective date of termination, plus expenses reasonably incurred by Seller in connection with the termination. The amount due for Services shall be determined in accordance with the milestone schedule (for completed milestones} and rates set forth in the Contract (for work toward milestones not yet achieved and where there is no milestone schedule}, as applicable or, where there are no milestones and/or rates in the Contract, at Seller's then-current standard time and material rates. In addition, Buyer shall pay Seller a cancellation charge equal to 25% of the Contract Price applicable to uncompleted made-to-order Products and 10% of the Contract Price applicable to all other uncompleted Products or Services.

11.5 Either Buyer or Seller may terminate the Contract (or the portion affected} upon twenty (20) days advance notice if there is an excusable event (as described in Article 10) lasting longer than ninety (90) days or such other period agreed upon in writing. In such case, Buyer shall pay to Seller amounts payable under Section 11.4, provided that Buyer's payments shall include the cancellation charge for uncompleted Products if the excusable event(s} leading to the termination included an act or omission of the Buyer or Buyer's contractors or suppliers but Buyer shall not be required to pay the cancelation charge if the excusable event(s} leading to termination did not include any act or omission of the Buyer or Buyer's contractors or suppliers.

11.6 Buyer shall pay all reasonable expenses incurred by Seller in connection with a suspension, including, but not limited to, expenses for repossession, fee collection, demobilization/remobilization, and costs of storage during suspension. The schedule for obligations shall be extended for a period of time reasonably necessary to overcome the effects of any suspension.

12. Compliance with Laws and Regulations

12.1 Seller shall comply with laws applicable to the manufacture of Products and its performance of Services. Buyer shall comply with laws applicable to the purchase, application, operation, use and disposal of the Products and Services, including without limitation those regarding anticorruption/antibribery, fair competition (antitrust}, and environment, health and safety (EHS}. Buyer acknowledges it had access, reviewed, and fully understands GE's Integrity Policies. Seller shall at all times comply with the GE Integrity Policies. The GE Integrity Policies can be accessed electronically at https://www.ge.com/sites/defaulUfiles/S&L._BookletEnglish __ O.pdf

12.2 Seller's obligations are conditioned upon Buyer's compliance with all US, EU, UK and other applicable trade control laws and regulations. Buyer shall not trans-ship, re-export, divert or direct or otherwise make or allow any disposition of equipment, materials, services, technology, technical data, software, or other information or assistance or Product furnished by the Seller under the Contract other than in and to the ultimate country of destination declared by Buyer and specified as the country of ultimate destination on Seller's invoice. The Buyer hereby certifies that the equipment, materials, services, technology, technical data, software, or other information or assistance or product furnished by the Seller under the Contract will not be used in the design, development, production, stockpiling or use of chemical, biological, or nuclear weapons. The Buyer shall also ensure that the bank or financial institution or other entity executing any payments or financial transactions under the Contract on behalf of the Buyer (including without limitation the issuance of any payment securities such as a letter of credit} is not subject to any export regulation prohibiting to do business with such bank, financial institution or entity. Should the Buyer fail to comply with any of the obligations as specified above, the Seller may, without prejudice to the exercise of any other rights or remedies which may be available to it, terminate the Contract by giving the Buyer notice in writing to that effect.

In the event of a change in applicable trade control laws and regulations, including but not limited to the laws of the US, EU and UK and changes in the interpretation thereof, or in the event an authorization pursuant to said laws is either denied, revoked, withdrawn or cancelled at any time, preventing the Seller from executing its obligations without breaching such applicable trade control laws and regulations or makes Seller's execution of its obligations unreasonably burdensome or unbalanced, Seller shall have the right without incurring liability to the Buyer to (i} withdraw its proposal, or either (ii} suspend its performance of the Contract or terminate the Contract. If the suspension lasts more than four (4) months, any of the Parties shall have the right to terminate the Contract by giving the other Party notice in writing to that effect.

12.3 Notwithstanding any other provision, Buyer shall timely obtain, effectuate and maintain in force any required permit, license, exemption, filing, registration and other authorization, including, but not limited to, building and environmental permits, import licenses, Form EM104 (Global} Grid Solutions/ City of Santa Clara - July 2023 Page 5 of 9 environmental impact assessments, and foreign exchange authorizations, required for the lawful performance of Services at the Site or fulfillment of Buyer's obligations, except that Seller shall obtain any license or registration necessary for Seller to generally conduct business and visas or work permits, if any, necessary for Seller's personnel. Buyer shall provide reasonable assistance to Seller in obtaining such visas and work permits.

13. Environmental, Health and Safety Matters

13.1 Buyer shall maintain safe working conditions at the Site, including, without limitation, implementing appropriate procedures regarding Hazardous Materials, confined space entry, and energization and de-energization of power systems (electrical, mechanical, and hydraulic) using safe and effective lock-ouUtag-out ("LOTO") procedures including physical LOTO or a mutually agreed upon alternative method.

13.2 Buyer shall timely advise Seller in writing of all applicable Site-specific health, safety, security and environmental requirements and procedures. Without limiting Buyer's responsibilities under Article 13, Seller has the right but not the obligation to, from time to time, review and inspect applicable health, safety, security and environmental documentation, procedures and conditions at the Site.

13.3 If, in Seller's reasonable opinion, the health, safety, or security of personnel or the Site is, or is apt to be, imperiled by security risks, terrorist acts or threats, the presence of or threat of exposure to Hazardous Materials, or unsafe working conditions, Seller rnay, in addition to other rights or remedies available to it, evacuate some or all of its personnel from Site, suspend performance of all or any part of the Contract, and/or remotely perform or supervise work. Any such occurrence shall be considered an excusable event. Buyer shall reasonably assist in any such evacuation.

13.4 Operation of Buyer's equipment is the responsibility of Buyer. Buyer shall not require or permit Seller's personnel to operate Buyer's equipment at Site.

13.5 Buyer will make its Site medical facilities and resources available to Seller personnel who need medical attention.

13.6 Seller has no responsibility or liability for the pre-existing condition of Buyer's equipment or the Site. Prior to Seller starting any work at Site, Buyer will provide documentation that identifies the presence and condition of any Hazardous Materials existing in or about Buyer's equipment or the Site that Seller may encounter while performing under this Contract. Buyer shall disclose to Seller industrial hygiene and environmental monitoring data regarding conditions that may affect Seller's work or personnel at the Site. Buyer shall keep Seller informed of changes in any such conditions.

13.7 Seller shall notify Buyer if Seller becomes aware of: (i) conditions at the Site differing materially from those disclosed by Buyer, or (ii) previously unknown physical conditions at Site differing materially from those ordinarily encountered and generally recognized as inherent in work of the character provided for in the Contract. If any such conditions cause an increase in Seller's cost of, or the time required for, performance of any part of the work under the Contract, an equitable adjustment in price and schedule shall be made.

13.8 If Seller encounters Hazardous Materials in Buyer's equipment or at the Site that require special handling or disposal, Seller is not obligated to continue work affected by the hazardous conditions. In such an event, Buyer shall eliminate the hazardous conditions in accordance with applicable laws and regulations so that Seller's work under the Contract may safely proceed, and Seller shall be entitled to an equitable adjustment of the price and schedule to compensate for any increase in Seller's cost of, or time required for, performance of any part of the work. Buyer shall properly store, transport, and dispose of all Hazardous Materials introduced, produced, or generated in the course of Seller's work at the Site.

13.9 Buyer shall indemnify Seller for any and all claims, damages, losses, and expenses arising out of or relating lo any Hazardous Materials which are or were (i) present in or about Buyer's equipment or the Site prior to the commencement of Seller's work, (ii) improperly handled or disposed of by Buyer or Buyer's employees, agents, contractors or subcontractors, or (iii) brought, generated, produced or released on Site by parties other than Seller.

14. Changes

14.1 Each party may at any lime propose changes in the schedule or scope of Products or Services. Seller is not obligated to proceed with any change until both parties agree upon such change in writing. The written change documentation will describe the changes in scope and schedule, and the resulting changes in price and other provisions, as agreed.

14.2 The scope, Contract Price, schedule, and other provisions will be equitably adjusted to reflect additional costs or obligations incurred by Seller resulting from a change, after Seller's proposal date, in Buyer's Site-specific requirements or procedures, or in industry specifications, codes, standards, applicable laws or regulations. However, no adjustment will be made on account of a general change in Seller's manufacturing or repair facilities resulting from a change in laws or regulations applicable to such facilities. Unless otherwise agreed by the parties, pricing for additional work arising from such changes shall be at Seller's time and material rates.

14.3 It shall be acceptable and not considered a change if Seller delivers a Product that bears a different, superseding, or new part or version number compared to the part or version number listed in the Contract provide that such Product has equal functionality and is backwards compatible with the intended system.

Form EM104 (Global) Grid Solutions/ City of Santa Clara -July 2023 Page 6 of9

15. Limitations of Liability

15.1 The total liability of Seller for all claims of any kind arising from or related to the formation, performance or breach of this Contract, or any Products or Services, shall not exceed the (i) Contract Price, or (ii) if Buyer places multiple order(s) under the Contract, the price of each particular order for all claims arising from or related to that order and ten thousand US dollars (US $10,000) for all claims not part of any particular order.

15.2 Seller shall not be liable for loss of profit or revenues, loss of use of equipment or systems, interruption of business, cost of replacement power, cost of capital, downtime costs, increased operating costs, any special, consequential, incidental, indirect, or punitive damages, or claims of Buyer's customers for any of the foregoing types of damages.

15.3 All Seller liability shall end upon expiration of the applicable warranty period, provided that Buyer may continue to enforce a claim for which it has given notice prior to that date by commencing an action or arbitration, as applicable under this Contract, before expiration of any statute of limitations or other legal time limitation but in no event later than one year after expiration of such warranty period.

15.4 Seller shall not be liable for advice or assistance that is not required for the work scope under this Contract.

15.5 If Buyer is supplying Products or Services to a third party, or using Products or Services at a facility owned by a third party, Buyer shall either (i) indemnify and defend Seller from and against any and all claims by, and liability to, any such third party in excess of the limitations set forth in this Article 15, or (ii) require that the third party agree, for the benefit of and enforceable by Seller, to be bound by all the limitations included in this Article 15.

15.6 For purposes of this Article 15, the term "Seller" means Seller, its affiliates, subcontractors and suppliers of any tier, and their respective employees. The limitations in this Article 15 shall apply regardless of whether a claim is based in contract, warranty, indemnity, torUextra-contractual liability (including negligence), strict liability or otherwise, and shall prevail over any conflicting terms, except to the extent that such terms further restrict Seller's liability.

16. Governing Law and Dispute Resolution

16.1 This Contract shall be governed by and construed in accordance with the laws of (i) the State of California if Buyer's place of business is in the U.S. or (ii) England and Wales if the Buyer's place of business is outside the U.S., in either case without giving effect to any choice of law rules that would cause the application of laws of any other jurisdiction (the "Governing Law"). If the Contract includes the sale of Products and the Buyer is outside the Seller's country, the United Nations Convention on Contracts for the International Sale of Goods shall apply.

16.2 In the event of any dispute arising out of or in connection with this Contract, including any question regarding its existence or validity, either Party may initiate mediation by providing notice to the other Party requesting mediation and setting forth a description of the dispute and the relief requested. The Parties will cooperate with one another in selecting the mediator ("Mediator'') from the panel of neutrals from Judicial Arbitration and Mediation Services, Inc. ("JAMS"), its successor, or any other mutually acceptable non-JAMS Mediator, and in scheduling the time and place of the mediation. Such selection and scheduling will be completed within forty-five (45) days after notice of the request for mediation. Unless otherwise agreed to by the Parties, the mediation will not be scheduled for a date that is greater than ninety (90) days from the date of notice of the request for mediation. Such mediation shall be completed within forty-five (45) days of the initial mediation date unless otherwise agreed to by the Parties. The Parties covenant that they will participate in the mediation in good faith, and that they will share equally in its costs (other than each Party's individual attorneys' fees and costs related to the Party's participation in the mediation, which fees and costs will be borne by such Party). All offers, promises, conduct and statements, whether oral or written, made in connection with or during the mediation by either of the Parties, their agents, representatives, employees, experts, and attorneys (and in the case of Buyer, elected and appointed officials), and by the Mediator or any of the Mediator's agents, representatives, and employees, will not be subject to discovery and will be confidential, privileged, and inadmissible for any purpose, including impeachment, in any arbitration or other proceeding between or involving the Parties, or either of them; provided, evidence that is otherwise admissible or discoverable will not be rendered inadmissible or non-discoverable as a result of its use in the mediation.

17. Inspection and Factory Tests
Seller will apply its normal quality control procedures in manufacturing Products and perform any factory tests in accordance with Seller's standard procedures. Seller shall attempt to accommodate requests by Buyer to witness Seller's factory tests of Products, subject to appropriate access restrictions, if such witnessing can be arranged without delaying the work. Travel and living expenses of Buyer personnel to witness such tests shall be borne by Buyer. Unless otherwise agreed, failure by the Buyer or its representative to attend the factory tests on the scheduled date shall entitle the Seller to proceed with such factory tests alone and the Seller shall promptly share the results of such tests with the Buyer. In the event the factory tests or any other tests to be performed under the Contract cannot be either witnessed or performed (as the case may be) by the Buyer for any reason (including as a consequence of any pandemic) and the Buyer cannot delegate any third party to represent it, or to perform the tests in its name and on its behalf, the Seller may propose to the Buyer alternate measures in order to avoid delaying the testing, including but not limited to the use of electronic messaging services such as Skype, Teams or equivalent, recording devices such as cameras, and a distribution of results via electronic storage media such as DVD or streamed videos. The Buyer and the Seller shall make their best efforts to agree on such measures with a view not to delay the testing of the Products. If despite reasonable alternate measures proposed by the Seller, the Buyer instructs the Seller to suspend or postpone Form EM104 (Global) Grid Solutions/ City of Santa Clara - July 2023 Page 7 of 9 the performance of the tests, the Seller shall, notwithstanding anything to the contrary in the Contract, be entitled to a reasonable extension of the time for completion and compensation by the Buyer for the additional costs incurred as a result of the suspension or postponement of the affected tests.

18. Firmware, Software, Leased Equipment, Remote Diagnostic Services, PCB Services Seller grants Buyer a non-exclusive license to use Firmware solely in connection with use of the Product for which the Firmware is provided by Seller. Buyer shall not sublicense, assign, or otherwise transfer the license to use the Firmware to any third party, except with that specific Product and to the extent such transfer is not otherwise restricted by the Contract. If Seller provides any software to Buyer other than Firmware, the Software License Addendum shall apply.

19. General Clauses

19.1 Products and Services sold by Seller are not intended for use in connection with any nuclear facility or activity, and Buyer warrants that it shall not use or permit others to use Products or Services for such purposes, without the advance written consent of Seller. If, in breach of this, any such use occurs, Seller (and its parent, affiliates, suppliers and subcontractors) disclaims all liability for any nuclear or other damage, injury or contamination, and, in addition to any other rights of Seller, Buyer shall indemnify and hold Seller (and its parent, affiliates, suppliers and subcontractors) harmless against all such liability. Consent of Seller to any such use, if any, will be conditioned upon additional terms and conditions that Seller determines to be acceptable for protection against nuclear liability.

19.2 Seller may assign or novate its rights and obligations under the Contract, in whole or in part, to any of its affiliates or may assign any of its accounts receivable under this Contract to any party without Buyer's consent. Buyer agrees to execute any documents that may be necessary to complete Seller's assignment or novation. Seller may subcontract portions of the work, so long as Seller remains responsible for it. The delegation or assignment by Buyer of any or all of its rights or obligations under the Contract without Seller's prior written consent (which consent shall not be unreasonably withheld) shall be void.

19.3 Buyer shall notify Seller immediately upon any change in ownership of more than fifty percent (50%) of Buyer's voling rights or of any controlling interest in Buyer. If Buyer fails to do so or Seller objects to the change, Seller may (a) terminate the Contract, (b) require Buyer to provide adequate assurance of performance (including but not limited to payment), and/or (c) put in place special controls regarding Seller's Confidential Information.

19.4 If any Contract provision is found to be void or unenforceable, the remainder of the Contract shall not be affected. The parties will endeavor to replace any such void or unenforceable provision with a new provision that achieves substantially the same practical and economic effect and is valid and enforceable.

19.5 The following Articles shall survive termination or cancellation of the Contract: 2, 3, 4, 5, 6, 7, 8, 10, 11, 12, 13, 15, 16, 18, 19 and

20. 19.6 The Contract represents the entire agreement between the parties. No oral or written representation or warranty not contained in this Contract shall be binding on either party. Buyer's and Seller's rights, remedies and obligations arising from or related to Products and Services sold under this Contract are limited to the rights, remedies and obligations stated in this Contract. No modification, amendment, rescission or waiver shall be binding on either party unless agreed in writing.

19.7 Except as provided in Article 15 (Limitations of Liability) and in Section 19.1 (no nuclear use), this Contract is only for the benefit of the parties, and no third party shall have a right to enforce any provision of this Contract, whether under the English Contracts (Rights of Third Parties) Act of 1999 or otherwise.

19.8 This Contract may be signed in multiple counterparts that together shall constitute one agreement. If permitted by applicable laws, the Contract may be signed by the parties using certified digital signature tools such as Docusign, or any other agreed upon certified means.

20. US Government Contracts

20.1 This Article 20 applies only if the Contract is for the direct or indirect sale to any agency of the U.S. government and/or is funded in whole or in part by any agency of the U.S. government.

20.2 Buyer agrees that all Products and Services provided by Seller meet the definition of "commercial-off-the-shelf' ("COTS") or "commercial item" as those terms are defined in Federal Acquisition Regulation ("FAR") 2.101. Unless otherwise specifically staled by Seller in this Contract, Seller makes no representation or warranty as to the country of origin of Products. Buyer agrees any Services offered by Seller are exempt from the Service Contract Act of 1965 (FAR 52.222-41). The version of any applicable FAR clause listed in this Article 20 shall be the one in effect on the effective date of this Contract.

20.3 If Buyer is an agency of the U.S. Government, then as permitted by FAR 12.302, Buyer agrees that all paragraphs of FAR 52.212- 4 (except those listed in 12.302(b)) are replaced with these Terms and Conditions. Buyer further agrees the subparagraphs ofFAR 52.212- 5 apply only to the extent applicable for sale of COTS and/or commercial items and as appropriate for the Contract Price.

20.4 If Buyer is procuring the Products or Services as a contractor, or subcontractor at any tier, on behalf of any agency of the U.S.

Form EM104 (Global) Grid Solutions/ City of Santa Clara-July 2023 Page 8 of9 Government, then Buyer agrees that FAR 52.212-S(e) or 52.244-6 (whichever is applicable) applies only to the extent applicable for sale of COTS and/or commercial items and as appropriate for the Contract Price.

The Seller and Buyer acknowledge and accept the terms and conditions of this Contract as evidenced by the following signatures of their duly authorized representatives.

CITY OF SANTA CLARA, CALIFORNIA
a chartered California municipal corporation
Approved as to Fo~ A n .
~ ~~
. GLEN R. GOOGINS
City Attorney
"BUYER"
A .GOGAN
City Manager
City of Santa Clara
1500 Warburton Avenue
Santa Clara, CA 95050
Telephone: (408) 615-2210
Fax: (408) 241-6771

GE GRID SOLUTIONS, LLC
a Delaware Limited Liability Company
Dated: _ ....... / =1.,_J ....... , 1_!_1_,_--__ / ___ ·_c ___ .-_. ·---- ---- - By (Signature): k ./ /' /k/4 ,-~
'""77 =.'4----.,---.', '-_, ....... - --- j---,l----- --- Name: ,· rl , 1) I.. ) 1 • 1-; -.:. 1) :V .t,. ~ ~ / -----~~~~- - ~__.__""""'", --~~~---- Title: --,~rl·1,.... .... ;-· ___ t. _ ___ ~_,, ___ ½.....,~--1_L-_-_____ _ ____ _ Principal Place of Business 1
Address: ...,./.,"'--,!-l/~/j-~,_1_ 1_L_t_' _ .:,._ 1~1_' ..A~l _? ___ ,---_____ _ / -1 L , , I (_ //l J Email Address: • 1, .J , -L '7 ..... - . [, --'-- --=--- -=:::;...:;...:::......;...!.,__-=-- _ _.!,....c_.::::__=-- -=-::;_ - T el e phone: ~(~)~ 1_&_{_ -~t._/_ -_--_/_--~! -~½--~-- --- Fax: ~~----- ---- --- -----"SELLER"
Form EM104 (Global) Grid Solutions/ City of Santa Clara - July 2023 Page 9 of 9 City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-301 Agenda Date: 4/29/2025

REPORT TO COUNCIL

SUBJECT
Action on Amendment No. 1 to the Agreements with Advanced Lighting Services, Inc. and American Power Solutions, Inc. for Citywide LED Lighting Retrofit and Replacement for City Facilities and As- Needed Services

COUNCIL PILLAR
Deliver and Enhance High Quality Efficient Services and Infrastructure

BACKGROUND
On July 16, 2024, following a Request for Proposals (RFP) process, the City Council authorized the City Manager to execute agreements with Advanced Lighting Services, Inc. (ALS) and American Power Solutions, Inc. (APS) (Attachment 1) to retrofit or replace lighting fixtures from fluorescent lamps to light-emitting diode (LED) bulbs in order to comply with California Assembly Bill 2208 (AB 2208). AB 2208, signed into law in September 2022, prohibits the sale of fluorescent bulbs in California effective January 2024.

As noted in the July 2024 staff report, the project is being implemented based on available funding in the budget, with initial work prioritized in the City’s largest facilities, including City Hall, the Police Department, libraries, the Senior Center, and the Community Recreation Center. To date, lighting upgrades have been completed in approximately 40 buildings. Many of these buildings were approved for financing through the Silicon Valley Power (SVP) loan program, which ended on December 31, 2024, as well as rebates from SVP. SVP issues loans for the lighting upgrades and anticipates payback through energy savings generated by the new LED lighting. Leveraging the SVP loan program allowed the City to complete more facilities than originally planned.

The purpose of this report is to obtain City Council approval to increase the maximum compensation of the agreements with ALS and APS in order to complete lighting retrofits and replacements in approximately 30 additional buildings.

DISCUSSION
To complete the retrofit and replacement work in the remaining buildings, an amendment to the agreements with ALS and APS is necessary. Staff recommends increasing the maximum compensation amount by $441,046, for a revised not-to-exceed aggregate compensation amount of $941,046 across both agreements.

Under the amended agreements, ALS and APS will continue to provide citywide LED retrofit and replacement services on a per-building request basis. For each building, both contractors will conduct an assessment which will include a count of the fixtures to be retrofitted or replaced, along with a proposal to perform the work. Proposals will be based on the hourly rates and unit pricing established City of Santa Clara Printed on 4/25/2025Page 1 of 3
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25-301 Agenda Date: 4/29/2025
in the agreements. The contractor offering the lowest total cost and most advantageous project timeline will be awarded the work for that specific building.

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(a) as it has no potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment.

FISCAL IMPACT
Amendment No. 1 increases the aggregate maximum compensation not-to-exceed amount by $441,046 for a revised aggregate maximum compensation not-to-exceed amount of $941,046. In the Adopted FY 2024/25 and FY 2025/26 Capital Improvement Program Budget, $500,000 is budgeted in the City Buildings - Upgrade Lighting to LED Project in FY 2024/25. In addition, $403,062 of the LED retrofit and replacement project costs are being funded through SVP loans and rebates (this number was able to be determined after the Project began). The loans and rebates portions will be funded directly from the Electric Operating Grant Trust Fund - Public Benefits Program. The energy savings earned in future years will pay back the SVP loans.

In order to complete the lighting retrofits and replacements discussed in this memorandum, additional funding of $37,984 from the Capital Projects Reserve is requested in FY 2024/25. Costs beyond FY 2024/25 are subject to appropriation of funds by the City Council.

The budget amendment below allocates funding from the General Fund Capital Projects Reserve to the Public Buildings Capital Fund for the Upgrade Lighting to LED Project as recommended in this memorandum.

Budget Amendment
FY 2024/25
Current Increase/
(Decrease)
Revised
Public Buildings Capital Fund
Transfer In
General Fund - Capital
Projects Reserve
$1,495,000 $ 37,984 $ 1,532,984
Expenditures
Upgrade Lighting to LED
Project
$500,000 $ 37,984 $537,984
General Fund
Transfer To
Public Buildings Capital
Fund (Capital Projects
Reserve)
$1,495,000 $ 37,984 $ 1,532,984
Fund Balance
Capital Projects Reserve $7,834,572 ($ 37,984) $7,796,588City of Santa Clara Printed on 4/25/2025Page 2 of 3 powered by Legistar™
25-301 Agenda Date: 4/29/2025
Current Increase/
(Decrease)
Revised
Public Buildings Capital Fund
Transfer In
General Fund - Capital
Projects Reserve
$1,495,000 $ 37,984 $ 1,532,984
Expenditures
Upgrade Lighting to LED
Project
$500,000 $ 37,984 $537,984
General Fund
Transfer To
Public Buildings Capital
Fund (Capital Projects
Reserve)
$1,495,000 $ 37,984 $ 1,532,984
Fund Balance
Capital Projects Reserve $7,834,572 ($ 37,984) $7,796,588

COORDINATION
This report has been coordinated with the Finance Department, Silicon Valley Power, and the City Attorney’s Office.

RECOMMENDATION

1. Authorize the City Manager or designee to execute Amendment No. 1 to agreements with Advanced Lighting Services, Inc. and American Power Solutions, Inc. for citywide LED lighting retrofit and replacement services, to increase the aggregate maximum compensation by $441,046, from $500,000 to a revised not-to-exceed amount of $941,046, subject to the appropriation of funds and review and approval by the City Attorney.

2. Approve the following FY 2024/25 budget amendments:
a. In the Public Buildings Capital Fund, increase the transfer from the General Fund Capital Projects Reserve by $37,984 and increase the Upgrade Lighting to LED Project by $37,984 ( five affirmative Council votes required to appropriate additional revenue) ; and b. In the General Fund, increase the transfer to the Public Buildings Capital Fund and decrease the Capital Projects Reserve by $37,984 (five affirmative Council votes required for the use of unused balances ).

Reviewed by: Craig Mobeck, Director of Public Works
Approved by: Jovan D. Grogan, City Manager

ATTACHMENTS

1. Agreements with ALS and APS and RTC 24-252

2. Amendment No. 1 to Agreement with Advanced Lighting Services, Inc.

3. Amendment No. 1 to Agreement with American Power Solutions, Inc.

City of Santa Clara Printed on 4/25/2025Page 3 of 3
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E8IX Insurance No. S200005423

AGREEMENT FOR SERVICES

BETWEEN THE

CITY OF SANT A CLARA, CALIFORNIA,
AND
ADVANCED LIGHTING SERVICES, INC.

PREAMBLE
This Agreement is entered into between the City of Santa Clara, California, a chartered California municipal corporation (City) and Advanced Lighting Services, Inc., a California corporation, (Contractor). City and Contractor may be referred to individually as a "Party" or collectively as the "Parties" or the "Parties to this Agreement."

RECITALS
A. City desires to secure the services more fully described in this Agreement, at Exhibit A, entitled "Scope of Services";

8. Contractor represents that it, and its subcontractors, if any, have the professional qualifications, expertise, necessary licenses and desire to provide certain goods and/or required services of the quality and type which meet objectives and requirements of City; and,
C. The Parties have specified herein the terms and conditions under which such services will be provided and paid for.

The Parties agree as follows:

AGREEMENT TERMS AND CONDITIONS

1. AGREEMENT DOCUMENTS
The documents forming the entire Agreement between City and Contractor shall consist of these Terms and Conditions and the following Exhibits, which are hereby incorporated into this Agreement by this reference:

Exhibit A - Scope of Services
Exhibit 81 - Compensation
Exhibit 82 - Rate Schedule
Exhibit C - Insurance Requirements
Exhibit D - Labor Compliance Addendum
Exhibit E - Notices of Exercise of Option Extend Agreement Form Agreement with Advanced Lighting Services, Inc.

Rev. 07-01-18

Page 1 ends

City Council and Authorities ConcurrentApril 29, 2025

City Council and Authorities Concurrent
April 29, 2025