Agenda packet, first session — Santa Fe Springs City Council, May 7, 2024 (part 1 of 2)

Agenda

05.07.2024 - AGENDA - CITY COUNCIL MEETING.PDF
Meeting Materials

05.07.2024 - AGENDA PACKET.PDF

1. Documents:

2. Documents:

CITY OF SANTA FE SPRINGS

MEETINGS OF THE HOUSING SUCCESSOR, SUCCESSOR

AGENCY, AND CITY COUNCIL
AGENDA
TUESDAY, MAY 7, 2024
AT 6:00 P.M.

CITY HALL COUNCIL CHAMBERS
11710 TELEGRAPH ROAD
SANTA FE SPRINGS, CA 90670

CITY COUNCIL
Jay Sarno, Mayor
William K. Rounds, Mayor Pro Tem
Juanita Martin, Councilmember
Annette Rodriguez, Councilmember
Joe Angel Zamora, Councilmember

CITY MANAGER CITY ATTORNEY
René Bobadilla, P.E. Ivy M. Tsai

CITY STAFF
Assistant City Manager Nicholas Razo
Fire Chief Chad Van Meeteren
Police Chief Aviv Bar
Director of Community Services Maricela Balderas
Director of Finance Lana Dich
Director of Parks & Recreation Gus Hernandez
Director of Planning Cuong H. Nguyen
Director of Police Services Dino Torres
Director of Public Works James Enriquez
City Clerk Janet Martinez
May 7, 2024: City Council Meeting Page 2 of 7

NOTICES
This City Council Meeting (“Council”) will be held in person and will meet at City Hall – City Council Chambers, 11710 E. Telegraph Road, Santa Fe Springs, California. The meeting will be live streamed on the City’s YouTube Channel and can be accessed on the City’s website via the following link:
https://santafesprings.org/city_council/city_council_meetings/index.php Americans with Disabilities Act: In compliance with the ADA, if you need special assistance to participate in a City meeting or other services offered by this City, please contact the City Clerk’s Office. Notification of at least 48 hours prior to the meeting or time when services are needed will assist the City staff in assuring that reasonable arrangements can be made to provide accessibility to the meeting or service.

SB 1439: Effective January 1, 2023, City Council Members are subject to SB 1439 and cannot participate in certain decisions for a year after accepting campaign contributions of more than $250 from an interested person. The Council Member would need to disclose the donation and abstain from voting.

Public Comments: The public is encouraged to address City Council on any matter listed on the agenda or on any other matter within its jurisdiction. If you wish to address the City Council on the day of the meeting, please fill out a speaker card provided at the door and submit it to City Clerk staff. You may also submit comments in writing by sending them to the City Clerk's Office at [email protected]. All written comments received by 12:00 p.m. the day of the City Council Meeting will be distributed to the City Council and made a part of the official record of the meeting. Written comments will not be read at the meeting, only the name of the person submitting the comment will be announced. Pursuant to provisions of the Brown Act, no action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The City Council may direct staff to investigate and/or schedule certain matters for consideration at a future City Council meeting.

Please Note: Staff reports and supplemental attachments are available for inspection at the office of the City Clerk in City Hall, during regular business hours 7:30 a.m. – 5:30 p.m., Monday – Thursday. Telephone: (562) 868-0511.

May 7, 2024: City Council Meeting Page 3 of 7

CALL TO ORDER

ROLL CALL

INVOCATION

PLEDGE OF ALLEGIANCE

INTRODUCTIONS

PRESENTATIONS

1. ADVISORY COMMITTEE REPORT – PARKS AND RECREATION

2. RECOGNITION OF THE 2024 WOMEN OF ACHIEVEMENT OF SENATE DISTRICT 30 (COMMUNITY SERVICES)

3. RECOGNITION OF 2024 ART FEST SPONSORS (COMMUNITY SERVICES)

4. PROCLAMING THE WEEK OF MAY 12-18, 2024 AS “NATIONAL POLICE WEEK” (POLICE SERVICES)

5. PROCLAIMING THE WEEK OF MAY 19-25, 2024 AS “NATIONAL PUBLIC WORKS WEEK” (PUBLIC WORKS)

CHANGES TO AGENDA

PUBLIC COMMENTS ON NON-AGENDA & NON-PUBLIC HEARING AGENDA ITEMS At this time, the general public may address the City Council on both non-agenda and nonpublic hearing agenda items. Comments relating to public hearing items will be heard during the public hearing. Please be aware that the maximum time allotted for members of the public to speak shall not exceed three (3) minutes per speaker. State Law prohibits the City Council from taking action or entertaining extended discussion on a topic not listed on the agenda. Please show courtesy to others and direct all of your comments to the City Council.

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST

HOUSING SUCCESSOR, SUCCESSOR AGENCY, AND CITY COUNCIL AGENDA

PUBLIC HEARING

6. RESOLUTION NO. 9906 – FULL STREET VACATION OF KOONTZ AVENUE

SOUTH OF FLORENCE AVENUE (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:

May 7, 2024: City Council Meeting Page 4 of 7
1) Find and determine that the proposed street vacation, as described in the City Engineer’s Report and on Attachment A, is unnecessary for present or prospective public use as a public street; and
2) Find that the vacation of Koontz Avenue was previously analyzed under CEQA in connection with Tentative Tract Map No. 84116 and Development Plan Approval Case Nos. 1000 and 1001; and
3) Conduct the public hearing and adopt Resolution No. 9906, ordering the vacation of Koontz Avenue, south of Florence Avenue; and
4) Authorize the City Manager to execute the quitclaim deed to the Property Developer; and
5) Take such additional, related action that may be desirable.

7. INTRODUCTION OF ORDINANCE TO AMEND TITLE 15 (LAND USE), CHAPTER 155 (ZONING) OF THE MUNICIPAL CODE FOR TEMPORARY TRUCK, TRAILER,

CHASSIS, AND/OR CONTAINER STORAGE, AND DETERMINE THAT THE

ACTION IS EXEMPT UNDER CEQA (PLANNING)
RECOMMENDATION: It is recommended that the City Council:
1) Open the Public Hearing and receive the written and oral staff report and any comments from the public regarding the proposed ordinance to amend the Santa Fe Springs Municipal Code for temporary truck, trailer, chassis, and/or container storage; and
2) Find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3), which indicates that CEQA only applies to projects that have a “significant effect on the environment” as defined in Public Resources Code Section 21068 and in CEQA Guidelines Section 15382; and 3) Find and determine that the Ordinance is consistent with the goals, policies, and program of the City’s General Plan. The amendments to the Zoning Ordinance Contained herein establishes regulations governing the temporary truck, trailer, chassis, and/or container storage within M-1 (Light Manufacturing) or M-2 (Heavy Manufacturing) zoned sites, or portions thereof; and
4) Waive further reading and introduce Ordinance No. 1138 by title only to add Section 155.656.1 (Temporary Storage of Trucks, Trailers, Chassis, or Containers) and modify Section 155.003 (Definitions), to Chapter 155 (Zoning) of Title 15 (Land Use) of the Santa Fe Springs Municipal Code; and
5) Take such additional, related, action that may be desirable.

OLD BUSINESS – NONE
May 7, 2024: City Council Meeting Page 5 of 7

REGULAR BUSINESS

8. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED MARCH 31, 2024 (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.

9. CONSIDERATION OF A NEW GROUND LEASE BETWEEN THE CITY OF SANTA

FE SPRINGS AND THE UNITED STATES POSTAL SERVICE FOR THE REAL PROPERTY LOCATED AT 11760 TELEGRAPH ROAD, SANTA FE SPRINGS, CALIFORNIA 90670 (PLANNING)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the new Ground Lease Agreement between the City of Santa Fe Springs (Landlord) and the United States Postal Service (Tenant) for the real property at 11760 Telegraph Road, Santa Fe Springs, California 90670; and 2) Authorize the Mayor or designee to execute the New Ground Lease Agreement. 3) Take such additional, related, action that may be desirable.

CONSENT CALENDAR
All matters listed under the Consent Calendar are considered to be routine. Any items a Councilmember wishes to discuss should be designated at this time. All other items may be approved in a single motion. Such approval will also waive the reading of any Ordinance.

HOUSING SUCCESSOR

10. MINUTES OF THE APRIL 2, 2024 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Housing Successor:
1) Approve the minutes as submitted.

SUCCESSOR AGENCY

11. MINUTES OF THE APRIL 2, 2024 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

CITY COUNCIL
May 7, 2024: City Council Meeting Page 6 of 7

12. MINUTES OF THE APRIL 2, 2024 CITY COUNCIL MEETINGS (CITY CLERK) RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.

13. 2023 HOUSING ELEMENT ANNUAL PROGRESS REPORT (PLANNING) RECOMMENDATION: It is recommended that the City Council:
1) Find that the preparation, review and submission of the 2023 Housing Element Annual Progress Report is not subject to the California Environmental Quality Act (CEQA), as the actions are not a project as defined by Section 15378(b)(2) of the Public Resources Code; and
2) Receive and file the 2023 Housing Element Annual Progress Report; and 3) Authorize staff to submit the 2023 Housing Element Annual Progress Report to the California Department of Housing and Community Development (HCD) and to the Governor’s Office of Planning and Research (OPR).

14. ADOPTION OF LOCAL GUIDELINES FOR IMPLEMENTING THE CALIFORNIA

ENVIRONMENTAL QUALITY ACT (CEQA) (PLANNING)
RECOMMENDATION: It is recommended that the City Council:
1) Find and determine that the project is Categorically Exempt pursuant to Section 15308 (Class 8 – Actions by Regulatory Agencies for Protection of the Environment) of the California Environmental Quality Act (CEQA); and 2) Adopt Resolution No. 9904 to approve the City of Santa Fe Springs Local Guidelines Implementing CEQA; and
3) Take such additional, related action that may be desirable.

15. POLICE SERVICES STAGING FACILITY STORM DAMAGE – EMERGENCY

REPAIRS UPDATE (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Pursuant to Santa Fe Springs Municipal Code Section 34.23 and California Public Contract Code Section 22050, by a four-fifths vote authorize continuing the repairs without competitive bidding; and
2) Take such additional, related action that may be desirable.

May 7, 2024: City Council Meeting Page 7 of 7

16. REQUEST FOR OUT-OF-STATE TRAVEL FOR FIRE-RESCUE APPARATUS

COMMITTEE MEMBERS TO EVALUATE A POTENTIAL APPARATUS

REPLACEMENT VENDOR (FIRE)
RECOMMENDATION: It is recommended that the City Council:
1) Approve out-of-state travel in the month of May for four Fire-Rescue staff members to travel to SVI Trucks located in Fort Collins, Colorado; and 2) Take such additional, related action that may be desirable.

APPOINTMENTS TO BOARDS, COMMITTEES, AND COMMISSIONS
COUNCIL COMMENTS/AB1234 COUNCIL CONFERENCE REPORTING
Council member announcements; requests for future agenda items; conference/meetings reports. Members of the City Council will provide a brief report on meetings attended at the expense of the local agency as required by Government Code Section 53232.3(d).

ADJOURNMENT
I, Fernando N. Muñoz, Deputy City Clerk for the City of Santa Fe Springs hereby certify that a copy of this agenda has been posted no less than 72 hours at the following locations; City’s website at www.santafesprings.org; Santa Fe Springs City Hall, 11710 Telegraph Road; Santa Fe Springs City Library, 11700 Telegraph Road; and the Town Center Plaza (Kiosk), 11740 Telegraph Road.

CITY OF SANTA FE SPRINGS

MEETINGS OF THE HOUSING SUCCESSOR, SUCCESSOR

AGENCY, AND CITY COUNCIL
AGENDA
TUESDAY, MAY 7, 2024
AT 6:00 P.M.

CITY HALL COUNCIL CHAMBERS
11710 TELEGRAPH ROAD
SANTA FE SPRINGS, CA 90670

CITY COUNCIL
Jay Sarno, Mayor
William K. Rounds, Mayor Pro Tem
Juanita Martin, Councilmember
Annette Rodriguez, Councilmember
Joe Angel Zamora, Councilmember

CITY MANAGER CITY ATTORNEY
René Bobadilla, P.E. Ivy M. Tsai

May 7, 2024: City Council Meeting Page 3 of 7

CALL TO ORDER

ROLL CALL

INVOCATION

PLEDGE OF ALLEGIANCE

INTRODUCTIONS

PRESENTATIONS

1. ADVISORY COMMITTEE REPORT – PARKS AND RECREATION

2. RECOGNITION OF THE 2024 WOMEN OF ACHIEVEMENT OF SENATE DISTRICT 30 (COMMUNITY SERVICES)

3. RECOGNITION OF 2024 ART FEST SPONSORS (COMMUNITY SERVICES)

4. PROCLAMING THE WEEK OF MAY 12-18, 2024 AS “NATIONAL POLICE WEEK” (POLICE SERVICES)

5. PROCLAIMING THE WEEK OF MAY 19-25, 2024 AS “NATIONAL PUBLIC WORKS WEEK” (PUBLIC WORKS)

CHANGES TO AGENDA

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST

HOUSING SUCCESSOR, SUCCESSOR AGENCY, AND CITY COUNCIL AGENDA

PUBLIC HEARING

6. RESOLUTION NO. 9906 – FULL STREET VACATION OF KOONTZ AVENUE

SOUTH OF FLORENCE AVENUE (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:

7. INTRODUCTION OF ORDINANCE TO AMEND TITLE 15 (LAND USE), CHAPTER 155 (ZONING) OF THE MUNICIPAL CODE FOR TEMPORARY TRUCK, TRAILER,

CHASSIS, AND/OR CONTAINER STORAGE, AND DETERMINE THAT THE

OLD BUSINESS – NONE
May 7, 2024: City Council Meeting Page 5 of 7

REGULAR BUSINESS

8. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED MARCH 31, 2024 (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.

9. CONSIDERATION OF A NEW GROUND LEASE BETWEEN THE CITY OF SANTA

HOUSING SUCCESSOR

10. MINUTES OF THE APRIL 2, 2024 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Housing Successor:
1) Approve the minutes as submitted.

SUCCESSOR AGENCY

11. MINUTES OF THE APRIL 2, 2024 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

CITY COUNCIL
May 7, 2024: City Council Meeting Page 6 of 7

12. MINUTES OF THE APRIL 2, 2024 CITY COUNCIL MEETINGS (CITY CLERK) RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.

14. ADOPTION OF LOCAL GUIDELINES FOR IMPLEMENTING THE CALIFORNIA

15. POLICE SERVICES STAGING FACILITY STORM DAMAGE – EMERGENCY

May 7, 2024: City Council Meeting Page 7 of 7

16. REQUEST FOR OUT-OF-STATE TRAVEL FOR FIRE-RESCUE APPARATUS

COMMITTEE MEMBERS TO EVALUATE A POTENTIAL APPARATUS

ITEM # 6

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: James Enriquez, P.E., Director of Public Works / City Engineer SUBJECT: RESOLUTION NO. 9906 – FULL STREET VACATION OF KOONTZ

AVENUE SOUTH OF FLORENCE AVENUE
DATE: May 7, 2024
RECOMMENDATION:

It is recommended that the City Council:
1) Find and determine that the proposed street vacation, as described in the City Engineer’s Report and on Attachment A, is unnecessary for present or prospective public use as a public street; and
2) Find that the vacation of Koontz Avenue was previously analyzed under CEQA in connection with Tentative Tract Map No. 84116 and Development Plan Approval Case Nos. 1000 and 1001; and
3) Conduct the public hearing and adopt Resolution No. 9906, ordering the vacation of Koontz Avenue, south of Florence Avenue; and
4) Authorize the City Manager to execute the quitclaim deed to the Property Developer; and
5) Take such additional, related action that may be desirable.

CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024
RESOLUTION NO. 9906 – FULL STREET VACATION OF KOONTZ AVENUE SOUTH

OF FLORENCE AVENUE

Page 2 of 3 ends

FISCAL IMPACT
N/A

BACKGROUND
Koontz Avenue is an industrial street built in 1967. The cul-de-sac street extends approximately 561 feet south of the Florence Avenue centerline, just west of Norwalk Boulevard, and provides access to one parcel. The parcel was purchased by Orbis Real Estate Partners and the developer is proposing to construct two industrial buildings by vacating Koontz Ave and constructing in, and around the subject street area. The existing parcel that surrounds Koontz Avenue will be subdivided into two separate parcels. The developer will process a parcel map in the near future to subdivide the existing parcel.

With the single ownership and proposed future development of the property adjacent to Koontz Avenue, the subject right-of-way, is no longer needed as a public street and can be vacated.

Section 65402 of the Government Code requires that no street shall be vacated or abandoned until the location, purpose, and intent of such vacation or abandonment has been submitted to and reported upon by the Planning Commission as to conformity with the City’s General Plan.

The City’s Planning Commission, at their meeting of February 28, 2024, found that the location, purpose, and extent of the vacation conforms with the City’s adopted General Plan.

Commencing with Section 8320 of the Streets and Highways Code, the City Council must first adopt a Resolution of the Intention to Vacate any public street, highway, or public easement and a Public Hearing must be held prior to the finalization of the street vacation.

Resolution No. 9901 was adopted by the City Council at their meeting on March 19, 2024, initiating the intent to vacate Koontz Avenue and setting the Public Hearing date for all persons interested in the proposed vacation on May 7, 2024, at 6:00 p.m. All notices and required postings were duly given with the proper timeframe in advance of the public hearing.

Attached to the Resolution of Intent to Vacate is a copy of the legal description of the street vacation, Exhibit “A”, and the area to be vacated, Exhibit “B”.

ANALYSIS
N/A

CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024
RESOLUTION NO. 9906 – FULL STREET VACATION OF KOONTZ AVENUE SOUTH

OF FLORENCE AVENUE

Page 3 of 3 ends

ENVIRONMENTAL
The vacation of Koontz Avenue was previously analyzed under CEQA in connection with Tentative Tract Map No. 84116 and Development Plan Approval Case Nos. 1000 and 1001. The City’s Planning Commission adopted Resolution No. 248-2023 approving and adopting an Addendum to the City’s Certified EIR for the General Plan and Targeted Zoning Update for that project, including the Koontz Avenue street vacation.

DISCUSSION
The proposed vacation:
1) will not be needed to provide access to the public;
2) is unnecessary for present or future public use;
3) will not alter the primary access to any of the existing lots and access will remain the same for all properties surrounding the street;
4) will not impact any adjacent parcels; and
5) will not impact access to any other parcels.

The cul-de-sac being vacated is enclosed by the entirety of one existing parcel, therefore, the vacation will not impact any adjacent parcels. The street vacation is for the purposes of incorporating the vacated street area into the layout of an industrial development.

Utility notices have been sent to all utility companies of record that are within the area to be vacated or adjacent to the area. No objections have been received to date.

SUMMARY/NEXT STEPS
Upon approval of the recommended actions by the City Council, City staff will proceed with executing the quitclaim deed to the Property Developer and the City Clerk will properly certify the adopted Resolution.

ATTACHMENTS:

A. Attachment A – Resolution No. 9906 (Including Exhibits A and B) B. Attachment B – Utility Notification Status
C. Attachment C – Proof of Publication
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

APPROVED:

ITEM NO.:

RESOLUTION NO. 9906

A RESOLUTION OF THE CITY COUNCIL OF SANTA FE SPRINGS, CALIFORNIA,

MAKING ITS FINDINGS AND DETERMINATIONS IN THE MATTER OF RESOLUTION OF INTENTION NO. 9901; AND MAKING ITS ORDER VACATING APPROXIMATELY

0.82 ACRES OF PUBLIC RIGHT-OF-WAY OF KOONTZ AVENUE, A CUL-DE-SAC STREET SITUATED SOUTH OF FLORENCE AVENUE.

WHEREAS, on March 19, 2024, the City Council of the City of Santa Fe Springs adopted Resolution No. 9901 declaring its intention to set a public hearing in the vacation of approximately 0.82 acres of public right-of-way of Koontz Avenue, consisting of approximately 510 feet in length and 60 feet in width, a cul-de-sac street situated south of Florence Ave, within the City of Santa Fe Springs, California, and fixing the time and place of hearing all persons interested in the proposed vacation pursuant to the provisions of the Public Streets, Highways and Service Easements Vacation Law, being Sections 8300 et seq. of Part 3, Division 9 of the Streets and Highways Code of the State of California; and
WHEREAS, notice of hearing before the City Council on said resolution of intention was duly given as provided by said Public Streets, Highways, and Services Easements Vacation Law; and
WHEREAS, said proposed vacation had been previously submitted to and considered by the Planning Commission of the City of Santa Fe Springs at a Planning Commission meeting held on February 28, 2024; and
WHEREAS, following the close of the meeting before the Planning Commission, the Planning Commission determined that the proposed vacation was in conformance with the General Plan; and
WHEREAS, the City Council heard and found and determined from all of the evidence submitted to said Council on the day fixed for the hearing, on May 7, 2024, that the vacation of approximately 0.82 acres of public right-of-way of Koontz Avenue, consisting of approximately 510 feet in length and 60 feet in width, situated on a cul-desac street situated south of Florence Ave, within the City of Santa Fe Springs, proposed for vacation is unnecessary for present or prospective public use. 2 NOW, THEREFORE, IT IS RESOLVED, by the City Council of the City of Santa Fe Springs, California, as follows:

Section 1: That the vacation of approximately 0.82 acres of Koontz Avenue, consisting of approximately 510 feet in length and 60 feet in width, a cul-de-sac street situated south of Florence Ave, is undertaken pursuant to the provisions of and in accordance with the procedures set forth in the Public Streets, Highways, and Services Easements Vacation Law being Sections 8300 et seq. of the Streets and Highway Code, and all notices required thereby have been duly given.

Section 2: That from all evidence submitted to the City Council at the May 7, 2024, public hearing before it, whether such evidence was oral or in writing, together with the recommendations and findings from the Planning Commission, and contained in this Resolution and accompanying staff report, that an approximately 0.82 acres of Koontz Avenue consisting of approximately 510 feet in length and 60 feet in width, a cul-de-sac street situated south of Florence Ave, within the City of Santa Fe Springs, California, as hereinafter described and ordered vacated is unnecessary for present or prospective public use as a public street. The proposed vacation 1) will not be needed to provide access to the public; 2) is unnecessary for present or future public use; 3) will not alter the primary access to any of the existing lots and access will remain the same for all properties surrounding the street; 4) will not impact any adjacent parcels; and 5) will not impact access to any other parcels. The cul-de-sac being vacated is enclosed by the entirety of one existing parcel, therefore, the vacation will not impact any adjacent parcels.

The street vacation is for the purposes of incorporating the vacated street area into the layout of an industrial development.

Section 3: That the vacation of approximately 0.82 acres of Koontz Avenue, including any existing in-place utilities, consisting of approximately 510 feet in length and 60 feet in width, a cul-de-sac street situated south of Florence Ave, within the City of Santa Fe Springs, California, and described and depicted in attached Exhibits “A” and “B”, and by this reference made a part hereof, be and the same is hereby ordered vacated. 3 Section 4: That the vacation of Koontz Avenue was previously analyzed under CEQA in connection with Tentative Tract Map 84116 and Development Plan Approval’s 1000 and 1001. The City’s Planning Commission adopted Resolution No. 248-2023 approving and adopting an Addendum to the City’s Certified EIR for the General Plan and Targeted Zoning Update for that project, including the Koontz Avenue street vacation.

Section 5: That the City Clerk of the City of Santa Fe Springs shall cause a certified copy of this Resolution to be recorded in the Office of the County Recorder of the County of Los Angeles, California, and upon such recordation, the approximately 0.82 acres of Koontz Avenue, consisting of approximately 510 feet in length and 60 feet in width, a culde-sac street situated south of Florence Ave, within the City of Santa Fe Springs, California shall no longer constitute a public street from and after the date of recordation.

APPROVED and ADOPTED by the City Council this 7th day of May, 2024 by the following roll call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Jay Sarno, Mayor
ATTEST:
_________________________
Fernando Muñoz, Deputy City Clerk
Attachment: Exhibits “A” and “B”
November 27, 2023
Project No. A22200
Sheet 1 of 2
EXHIBIT “A”

LEGAL DESCRIPTION

STREET & PUBLIC UTILITIES VACATION

ALL THAT CERTAIN REAL PROPERTY SITUATE IN THE CITY OF SANTA FE SPRINGS, COUNTY OF LOS

ANGELES, STATE OF CALIFORNIA, BEING ALL OF KOONTZ AVENUE AS SHOWN ON THAT CERTAIN PARCEL MAP NO. 1648, FILED FOR RECORD ON SEPTEMBER 24, 1971, IN BOOK 34 OF MAPS AT PAGE 11, OFFICIAL RECORDS OF LOS ANGELES COUNTY, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEING ALL OF THAT LAND DESCRIBED IN THAT EASEMENT DEED RECORDED ON NOVEMBER 1, 1967, IN REC. NO. 2460, OFFICIAL RECORDS OF LOS ANGELES COUNTY, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

THAT PORTION OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 6, TOWNSHIP 3 SOUTH, RANGE 11 WEST, IN THE RANCHO SAN GERTRUDES, CITY OF SANTA FE SPRINGS, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 32, PAGE 18 OF MISCELLANEOUS RECORDS OF SAID COUNTY.

BEGINNING AT A POINT IN THE CENTER LINE OF FLORENCE AVENUE THAT IS SOUTH 89°40’20” WEST THEREON 372.24 FEET FROM THE CENTER LINE OF NORWALK BOULEVARD, AS SAID CENTER LINES ARE SHOWN ON COUNTY SURVEYOR’S MAP NO. B-763, SHEET 4, ON FILE IN THE OFFICE OF THE COUNTY ENGINEER OF SAID COUNTY; THENCE SOUTH 0°18’38” EAST 50.00 FEET TO THE TRUE POINT OF BEGINNING; THENCE PARALLEL WITH SAID CENTER LINE OF FLORENCE AVENUE, NORTH 89°40’20” EAST

54.99 FEET TO A TANGENT CURVE CONCAVE SOUTHEASTERLY AND HAVING A RADIUS OF 25 FEET; THENCE SOUTHWESTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 89°58’58” AN ARC DISTANCE OF 39.26 FEET TO A POINT OF TANGENCY WITH A LINE THAT IS PARALLEL WITH AND DISTANCE EASTERLY 30 FEET, MEASURED AT RIGHT ANGLES, FROM THE SOUTHERLY PROLONGATION OF THAT CERTAIN COURSE HEREIN BEFORE DESCRIBED AS HAVING A BEARING OF SOUTH 0°18’38” EAST; THENCE ALONG SAID PARALLEL LINE, SOUTH 0°18’38” EAST 428.15 TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY AND HAVING A RADIUS OF 57 FEET; THENCE SOUTHERLY, WESTERLY AND NORTHERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 213°38’39” AN ARC DISTANCE OF 212.54 FEET; THENCE TANGENT TO SAID CURVE NORTH 33°20’01” EAST 50.00 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE WESTERLY AND HAVING A RADIUS OF 100 FEET; THENCE NORTHERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 33°38’39” AN ARC DISTANCE OF 58.72 FEET TO A POINT OF TANGENCY WITH A LINE THAT IS PARALLEL WITH AND DISTANT WESTERLY 30 FEET, MEASURED AT RIGHT ANGLES, FROM SAID SOUTHERLY PROLONGATION; THENCE ALONG SAID LASTMENTIONED PARALLEL LINE NORTH 0°18’38” WEST 299.52 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE SOUTHWESTERLY AND HAVING A RADIUS OF 25 FEET; THENCE NORTHWESTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE 90°01’02” AN ARC DISTANCE OF 39.28 FEET TO A LINE BEARING NORTH 89°40’20” EAST AND PASSING THROUGH THE TRUE POINT OF BEGINNING; THENCE THEREON NORTH 89°40’20” EAST 55.01 FEET TO THE TRUE POINT OF BEGINNING.

TO BE KNOWN AS KOONTZ AVENUE.

CONTAINING AN AREA OF 35,740 SQUARE FEET, OR 0.8205 ACRES, MORE OR LESS.

SUBJECT TO ANY AND ALL EXISTING MATTERS OF RECORD.

November 27, 2023
Project No. A22200
Sheet 2 of 2

THIS DESCRIPTION IS NOT INTENDED FOR USE IN THE CONVEYANCE OF LAND IN VIOLATION OF THE SUBDIVISION MAP ACT OF THE STATE OF CALIFORNIA.

LEGAL DESCRIPTION PREPARED BY KIER & WRIGHT CIVIL ENGINEERS AND SURVEYORS, INC.

Date Ryan M. Amaya, L.S. 8134
11-27-2023

FLORENCE AVENUE NORWALK BOULEVARD KOONTZ AVENUE

STREET VACATION

KOONTZ AVENUE
EXHIBIT "B "
1 OF 1
3350 Scott Boulevard, Building 22
Santa Clara, California 95054
Phone: (408) 727-6665
www.kierwright.com SANTA FE SPRINGS CALIFORNIA
BY
JOB NO.

SCALE
DATE
DFH
A22200
NOV. 2023
SHEET
1" = 100'
NORTH

LANDS OF

FLORENCE SFS, LLC
DOC. 20220418746
(04/15/2022)
11-27-2023
1 KOONTZ AVENUE S/O FLORENCE AVENUE

STREET VACATION UTILITY STATUS
Facilities
Involved
Utility Notified Replied Yes No Remarks
Southern California Edison Yes Yes X Facility
9901 Geary Avenue removed.

Santa Fe Springs, CA 90670
Attn: Adrian Simon,
Jeff Clark
[email protected]
[email protected]
Southern California Gas Yes Yes X No easement
P.O. Box 1626 required.

Monterey Park, CA 91754-8626 Facility
Attn: Carlos Sanchez removed.

[email protected]
Crimson Pipeline Co. Yes Yes X
2459 Redondo Avenue
Signal Hill, CA 90755
Attn: April Harvey,
Shenan Dean Lovrien
[email protected]
[email protected]
[email protected]
[email protected]
Charter Communications Yes Yes X No easement
14338 Lakewood Blvd required.

Bellflower, CA 90706 Facility
Attn: Erik Lemus removed.

[email protected]
Central Basin MWD Yes Yes X
6252 Telegraph Rd
Commerce, CA 90040
Attn: Isabelle Guido,
Alex Rojas
[email protected]
[email protected]
2 KOONTZ AVENUE S/O FLORENCE AVENUE

STREET VACATION UTILITY STATUS
Facilities
Involved
Utility Notified Replied Yes No Remarks
AT&T Yes Yes X No easement
22311 Brookhurst Street required.

Huntington Beach, CA 92646
Attn: Joseph Forkert
Att&t-inquiries@
forkertengineering.com
Frontier Yes Yes X
201 Flynn Rd,
Camarillo, CA 93012
Attn: Maria Kidd
[email protected]
Torrance Logistics Company, LLC Yes Yes X
12851 E. 166th Street
Cerritos, CA 90703-2103
Attn: Eleanor Marx
[email protected]
[email protected]
City of Santa Fe Springs X No easement
Sewer System required.
11710 Telegraph Rd Facility
Santa Fe Springs, CA 90670 removed.

City of Santa Fe Springs X No easement
Water Division required.
11710 Telegraph Rd Facility
Santa Fe Springs, CA 90670 removed.

RESO NO. 9901 (PUB WORKS) - 2ND - Page 1 of 1
181 W. Huntington Drive Suite#209
Monrovia, California 91016
(626) 544-0885
[email protected]
City of Santa Fe Springs
Attn: Claribel Catalan
Santa Fe Springs, California 90670
Account Number: 5007848
Ad Order Number: 0011661988
Customer's Reference/PO Number:

Publication: Whittier Daily News
Publication Dates: 04/23/2024
Total Amount: $527.34
Payment Amount: $0.00
Amount Due: $527.34
Notice ID: BpVYJU43XidlpC6K7ZOQ
Invoice Text: RESOLUTION NO. 9901 A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF SANTA FE SPRINGS, CALIFORNIA, DECLARING ITS INTENTION TO VACATE APPROXIMATELY 0.82 ACRES OF PUBLIC RIGHT-OF-WAY OF KOONTZ

AVENUE, A CUL-DE-SAC STREET SITUATED SOUTH OF FLORENCE AVENUE,

AND SETTING THE DATE, HOUR AND PLACE OF HEARING, PURSUANT TO THE

PUBLIC STREETS, HIGHWAYS, AND SERVICE EASEMENTS VACATION LAW BE IT RESOLVED by the City Council of the City of Santa Fe Springs, California, as follows: Section 1:That the City Council of the City of Santa Fe Springs hereby declares that it is the intention of the City Council to vacate approximately 0.82 acres of public right-of-way of Koontz Avenue, consisting of approximately 510 feet in length and 60 feet in width, a cul-de-sac street situated south of Florence Ave, within the City of Santa Fe Springs, California, for the purposes of incorporating the vacated street area into the layout of an industrial development. Section 2: The City Council hereby elects and expresses its election to proceed pursuant to the provisions of Chapter 3 of the Public Streets, Highways, and Service Easements Vacation Law, commencing with Section 8320 of the Streets and Highways Code of the State of California.

Section 3:The public street proposed to be vacated is approximately 0.82 acres of public right-of-way of Koontz Avenue, consisting of approximately 510 feet in length and 60 feet in width, situated south of Florence Ave, within the City of Santa Fe Springs, California, as more particularly described and depicted in Exhibits “A” and “B” attached hereto and incorporated by this reference. Section 4: The date, hour, and place for hearing all persons interested in the proposed vacation of the public street is RESO NO. 9901 (PUB WORKS) - 2ND - Page 1 of 1
Whittier Daily News
181 W. Huntington Drive Suite#209
Monrovia, California 91016
(626) 544-0885
FILE NO. 0011661988

PROOF OF PUBLICATION
(2015.5 C.C.P.)

STATE OF CALIFORNIA
County of Los Angeles County
I am a citizen of the United States and a resident of the county aforesaid; I am over the age of eighteen years,
and not party to or interested in the above-entitled
matter. I am the principal clerk of the printer of
WHITTIER DAILY NEWS, a newspaper of general
circulation for the City of Whittier, by the Superior Court of the County of Los Angeles County, State of California, on the date of October 10, 1960, Case Number 369393.

The notice, of which the annexed is a true printed copy, has been published in each regular and entire issue of
said newspaper and not in any supplement thereof on
the following dates, to wit:
04/23/2024
I declare under the penalty of perjury that the foregoing is true and correct.

Executed at Monrovia, California
On this 23rd day of April, 2024.
______________________________
Signature
RESO NO. 9901 (PUB WORKS) - Page 1 of 1
181 W. Huntington Drive Suite#209
Monrovia, California 91016
(626) 544-0885
[email protected]
City of Santa Fe Springs
Attn: Claribel Catalan
Santa Fe Springs, California 90670
Account Number: 5007848
Ad Order Number: 0011661986
Customer's Reference/PO Number:

Publication: Whittier Daily News
Publication Dates: 04/16/2024
Total Amount: $527.34
Payment Amount: $0.00
Amount Due: $527.34
Notice ID: bVVgn39ExKYcEetC8YYJ
Invoice Text: RESOLUTION NO. 9901 A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF SANTA FE SPRINGS, CALIFORNIA, DECLARING ITS INTENTION TO VACATE APPROXIMATELY 0.82 ACRES OF PUBLIC RIGHT-OF-WAY OF KOONTZ

AVENUE, A CUL-DE-SAC STREET SITUATED SOUTH OF FLORENCE AVENUE,

AND SETTING THE DATE, HOUR AND PLACE OF HEARING, PURSUANT TO THE

Section 3:The public street proposed to be vacated is approximately 0.82 acres of public right-of-way of Koontz Avenue, consisting of approximately 510 feet in length and 60 feet in width, situated south of Florence Ave, within the City of Santa Fe Springs, California, as more particularly described and depicted in Exhibits “A” and “B” attached hereto and incorporated by this reference. Section 4: The date, hour, and place for hearing all persons interested in the proposed vacation of the public street is RESO NO. 9901 (PUB WORKS) - Page 1 of 1
Whittier Daily News
181 W. Huntington Drive Suite#209
Monrovia, California 91016
(626) 544-0885
FILE NO. 0011661986

PROOF OF PUBLICATION
(2015.5 C.C.P.)

The notice, of which the annexed is a true printed copy, has been published in each regular and entire issue of
said newspaper and not in any supplement thereof on
the following dates, to wit:
04/16/2024
I declare under the penalty of perjury that the foregoing is true and correct.

Executed at Monrovia, California
On this 16th day of April, 2024.
______________________________
Signature
ITEM # 7

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Cuong Nguyen, Director of Community Development

SUBJECT: INTRODUCTION OF ORDINANCE TO AMEND TITLE 15 (LAND USE), CHAPTER 155 (ZONING) OF THE MUNICIPAL CODE FOR

TEMPORARY TRUCK, TRAILER, CHASSIS, AND/OR

CONTAINER STORAGE, AND DETERMINE THAT THE ACTION

IS EXEMPT UNDER CEQA
DATE: May 7, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Open the Public Hearing and receive the written and oral staff report and any comments from the public regarding the proposed ordinance to amend the Santa Fe Springs Municipal Code for temporary truck, trailer, chassis, and/or container storage; and
2) Find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3), which indicates that CEQA only applies to projects that have a “significant effect on the environment” as defined in Public Resources Code Section 21068 and in CEQA Guidelines Section 15382; and 3) Find and determine that the Ordinance is consistent with the goals, policies, and program of the City’s General Plan. The amendments to the Zoning Ordinance Contained herein establishes regulations governing the temporary truck, trailer, chassis, and/or container storage within M-1 (Light Manufacturing) or M-2 (Heavy Manufacturing) zoned sites, or portions thereof; and 4) Waive further reading and introduce Ordinance No. 1138 by title only to add Section 155.656.1 (Temporary Storage of Trucks, Trailers, Chassis, or Containers) and modify Section 155.003 (Definitions), to Chapter 155 (Zoning) of Title 15 (Land Use) of the Santa Fe Springs Municipal Code; and
CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024

Page 2 of 4 ends

5) Take such additional, related, action that may be desirable.

FISCAL IMPACT
Adoption of the proposed Ordinance No. 1138, which implements zoning text amendments to the City’s Zoning Ordinance, is not expected to have any immediate fiscal impact. If approved, the City will receive processing fees related to future Temporary Storage Permit applications. The fees collected will cover the administrative costs related to processing each Temporary Storage Permit.

PLANNING COMMISSION PUBLIC HEARING AND RECOMMENDATION
On April 8, 2024, the Planning Commission conducted a duly noticed public hearing to review and consider the proposed Zone Text Amendment (ZTA) to establish regulations governing the temporary truck, trailer, chassis, and/or container storage within M-1 (Light Manufacturing) or M-2 (Heavy Manufacturing) zoned sites, or portions thereof, in accordance with established requirements and process.

Following a thorough evaluation of written and oral reports, and public discussions during the meeting, the Commissioners voted 4-0, with Commissioner Carbajal absent, to adopt Resolution No. 260-2024. This resolution recommends that the City Council approve and adopt an Ordinance (No. 1138) to effectuate the proposed amendments to the text of the City’s Municipal Code, and determined that the proposed ZTA is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3).

BACKGROUND
Public Notification
This matter was set for Public Hearing in accordance with the requirements of Sections 65090 and 65091 of the state planning, zoning, and development laws and the requirements of Sections 155.860 through 155.864 of the City’s Municipal Code.

The legal notice was published in a newspaper of general circulation (Whittier Daily News) on April 24, 2024, as required by the state zoning and development laws. As of the date of this report, staff has not received any further inquiry regarding the proposed Ordinance.

Ordinance to Allow for Temporary Storage of Trucks, Trailers, Chassis, and/or Containers Staff recommends the proposed Ordinance (Attachment A, Exhibit A) to establish provisions prescribing regulations governing the temporary truck, trailer, chassis, and/or container storage within M-1 (Light Manufacturing) or M-2 (Heavy Manufacturing) zoned sites, or portions thereof, in accordance with established requirements and process.

CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024

Page 3 of 4 ends

 Amendment of Section 155.003 adds three new definitions pertinent to the City’s zoning regulations:
 Container
 Chassis
 Truck Trailer (replaces existing definition)
 Section 155.656.1 is a new section that introduces a process and requirements for allowing the temporary storage of truck, trailer, chassis, and/or container storage on certain industrial zoned properties meeting the proposed criteria established in said section.
o The new section establishes requirements and a process for allowing a temporary truck, trailer, chassis, and/or container storage use. o It should be noted that these new provisions apply to new Temporary Storage Permits and does not affect previously approved Conditional Use Permits.

ANALYSIS
The proposed Ordinance is consistent with the following Santa Fe Springs General Plan Goals and Policies:

1. Policy LU-1.5 – Land Use Transitions. Apply appropriate screening, buffers, transitional uses, and other controls to transition from industrial and commercial uses to any adjacent residential uses and thus reduce potential noise and air pollution impacts.
a. By strategically locating temporary uses away from residential areas and ensuring proper review and regulation, the amendment addresses this policy.

2. Policy LU-3.2: Appropriate Siting. Site heavy industrial, large warehouses, and trucking and logistics in areas where the location and roadway pattern will provide minimal impacts on residential and commercial uses.
a. The proposed amendment aligns with this by ensuring that temporary uses are strategically located on underutilized sites within manufacturing zones, minimizing potential conflicts with residential or commercial areas.

3. Policy LU-4.7: Adaptive Reuse and Redevelopment. Collaborate with business owners and landowners with underinvested properties to support adaptive reuse and redevelopment.
a. Collaborating with business owners and landowners for temporary uses can help revitalize underutilized areas while adhering to the city's redevelopment goals.

CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024

Page 4 of 4 ends

Overall, the proposed Ordinance is consistent with the Santa Fe Springs General Plan goals and policies by addressing land use transitions, appropriate siting, adaptive reuse and redevelopment, and leveraging underutilized space in a manner that aligns with the city’s objectives.

ENVIRONMENTAL
The Ordinance is exempt from CEQA because it falls within the common sense exemption, pursuant to CEQA Guidelines Section 15061(b)(3), which indicates that CEQA only applies to projects that have the potential to have a “significant effect on the environment,” as defined in Public Resources Code Section 21068 and in CEQA Guidelines Section 15382. Consequently, no other environmental documents are required by law.

SUMMARY
Staff and the Planning Commission therefore recommend that the City Council approve and adopt Ordinance No. 1138 to effectuate the proposed amendments to the text of the City’s Municipal Code and determine that the proposed ZTA is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3).

ATTACHMENT(S):

A. Ordinance No. 1138
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

CITY OF SANTA FE SPRINGS
ORDINANCE NO. 1138

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA FE

SPRINGS ADOPTING A ZONE TEXT AMENDMENT TO AMEND
SECTION 155.003 (DEFINITIONS) AND ADD SECTIONS 155.656.1 (TEMPORARY TRUCK, TRAILER, CHASSIS OR CONTAINER
STORAGE) WITHIN TITLE 15, CHAPTER 155, OF THE SANTA FE

SPRINGS MUNICIPAL CODE
WHEREAS, the City has prepared a Zone Text Amendment to the City's Zoning Ordinance, as codified in Title 15 (Land Use), Chapter 155 (Zoning) of the Santa Fe Springs Municipal Code, which amends Sections 155.003 (Definition) and 155.656.1 (Temporary Truck, Trailer, Chassis or Container Storage); and WHEREAS, on April 24, 2024, the City of Santa Fe Springs Department of Planning and Development published a legal notice in the Whitter Daily News, a local paper of general circulation, indicating the date and time of the public hearing; and WHEREAS, on April 24, 2024, a public hearing notice was also posted in the Santa Fe Springs City Hall window, the City’s Town Center kiosk, and the Santa Fe Springs Library; and
WHEREAS, on April 8, 2024, the Planning Commission of the City of Santa Fe Springs adopted Resolution 260-2024 recommending that the City Council adopt an Ordinance amending Section 155.003 and adding Section 155.656.1 within Title 15, Chapter 155, of the Santa Fe Springs Municipal Code; and WHEREAS, on May 7, 2024, the City Council of the City of Santa Fe Springs considered the Zone Text Amendment, the staff report, and all testimony, written and spoken, at a duly noticed public hearing.

THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS DOES ORDAIN AS FOLLOWS:

SECTION I. Findings:

1. The above recitals are true and correct and are a substantial part of this Ordinance.

2. That the facts in this matter are as stated in the staff report regarding the proposed amendments to the text of the City’s Zoning Ordinance.

3. The Exhibits attached to this Ordinance are each incorporated by reference and made a part of this Ordinance.

4. The proposed Zone Text Amendment is consistent with the following Santa Fe Springs General Plan Goals and Policies:
a. Policy LU-1.5 – Land Use Transitions. Apply appropriate screening, buffers, transitional uses, and other controls to transition from industrial and commercial uses to any adjacent residential uses and thus reduce potential noise and air pollution impacts.
b. Policy LU-3.2: Appropriate Siting. Site heavy industrial, large warehouses, and trucking and logistics in areas where the location and roadway pattern will provide minimal impacts on residential and commercial uses. c. Policy LU-4.7: Adaptive Reuse and Redevelopment. Collaborate with business owners and landowners with underinvested properties to support adaptive reuse and redevelopment.

Overall, the proposed Zone Text Amendment is consistent with the Santa Fe Springs General Plan goals and policies by addressing land use transitions, appropriate siting, adaptive reuse and redevelopment, and leveraging underutilized space in a manner that aligns with the city’s objectives.

5. The Zone Text Amendment meets the requirements as contained in Planning and Zoning Law (Government Code sections 65800-65912).

6. The Zone Text Amendment has been prepared and will be adopted in accordance with the requirements of Planning and Zoning Law (Government Code sections 65853-65860).

SECTION II. Amendments:

1. Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.003 DEFINITIONS is hereby added as provided in Exhibit “A” attached hereto and incorporated herein by reference.

2. Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.656.1 TEMPORARY TRUCK, TRAILER, CHASSIS OR CONTAINER STORAGE is hereby amended as provided in Exhibit “A” attached hereto and incorporated herein by reference.

SECTION III. Environmental Findings and Determination:

This Ordinance is exempt from CEQA because it falls within the common sense exemption, pursuant to CEQA Guidelines Section 15061(b)(3), which indicates that CEQA only applies to projects that have a “significant effect on the environment” as defined in Public Resources Code Section 21068 and in CEQA Guidelines Section 15382.

The amendments to the Zoning Ordinance contained herein are merely clean up items and streamline the development process. These changes will not have a significant effect on the environment.

Section IV. If any section, subsection, subdivision, paragraph, sentence, clause or phrase in this Ordinance, or any part thereof, is held invalid or unconstitutional, such decision shall not affect the validity of the remaining sections or portions of this Ordinance or of Chapter 155, or any part thereof. The City Council hereby declares that it would have adopted each section, subsection, subdivision, paragraph, sentence, clause or phrase in this Ordinance irrespective of the fact that any one or more sections, subsections, subdivisions, paragraphs, sentences, clauses or phrases may be declared invalid or unconstitutional.

Section V. The City Clerk shall certify to the adoption of this Ordinance and shall cause the same to be posted in at least three (3) public places in the City, such posting to be completed not later than fifteen (15) days after passage thereof.

PASSED and ADOPTED this 21st day of May, 2024, by the following roll call vote:

AYES:

NOES:

ABSENT:
________________________________
Jay Sarno, Mayor
ATTEST:
___________________________
Fernando N. Muñoz, CMC, Deputy City Clerk
Exhibit A – Zone Text Amendments

Exhibit A – Zone Text Amendments
Key:

Normal Text = Existing unmodified Code language
Strikethrough Text = Proposed language to be removed from existing Code Underline Text = Proposed language to be added to Code
Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.003 DEFINITIONS is hereby amended to include three new definitions below:
§ 155.003 DEFINITIONS.

CONTAINER, or an intermodal container, or a shipping container, or a Conex box or freight container for packaging and/or shipping, or for the use to store or transport materials and products.

CHASSIS, also called skeletal trailer, designed to carry an intermodal container.

TRUCK TRAILER, any trailer designed and used primarily for carrying loads other than passengers whether designed as a balance trailer, pole trailer, semitrailer or selfsupporting trailer. A freight-carrying vehicle, regardless of the number of axles, designed to be pulled or towed by a truck or truck tractor.

Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.656.1 TEMPORARY STORAGE OF TRUCKS, TRAILERS, CHASIS, OR CONTAINERS is hereby added as follows:
§155.656.1 TEMPORARY STORAGE OF TRUCKS, TRAILERS, CHASSIS, OR CONTAINERS.

A Temporary Storage Permit (TSP) may be obtained for the temporary storage of trucks, trailers, chassis, or containers on a M-1 or M-2 zoned site, or portion thereof, in accordance with the requirements of this section.
(A) Required Site Characteristics.
(1) The subject site shall not exceed five acres in size. (2) The subject site shall not front onto a major or secondary arterial. (3) The subject site shall not be located within 1,000 feet of a residential zone, school, or park.
(4) The subject site, or portion thereof, used for the storage of trucks, trailers, chassis, or containers shall be undeveloped.
(B) Standard Conditions of Approval. In addition to any other conditions of approval set forth in a Temporary Storage Permit, the following conditions shall apply to all permits:
(1) A Temporary Storage Permit shall be limited to a period of not more than two years, unless an extension is granted by the Planning Commission as set forth in this section.
(2) The truck, trailer, chassis, or container storage use shall operate in such a manner as to not be detrimental to property or improvements in the surrounding area or to the public health, safety, or general welfare. (3) The truck, trailer, chassis, or container storage use shall fully comply with all applicable building, fire, and other state and local laws. (4) Washing or repairing of trucks, trailers, chassis, or containers is strictly prohibited at all times.
(5) The permit holder shall obtain all necessary construction related permits. (6) Trucks, trailers, chassis, and/or containers shall not be located within the required setback areas.
(7) Off-street parking shall be adequate to accommodate the proposed use. (C) Application Filing, Fees and Processing
(1) Application and Contents. An application for the temporary storage of trucks, trailers, chassis, or containers shall be made on forms furnished by the Community Development Department. At minimum, the application must contain the following information:
(a) Name of applicant.
(b) Proposed location.
(c) Description of all activities involved, including, but not limited to, the type of truck, trailer, chassis, or container to be stored, and any items that will be stored within them.
(d) Duration of proposed activities.
(e) A site plan accurately drawn to scale depicting vehicular access and queuing, fire lanes, and storage areas. Site plans must comply with all applicable stormwater run-off and NPDES requirements.
(f) A proposed business plan for the future permanent use and/or otherwise a proposed site plan for the future development of the site shall be concurrently submitted with the request for a temporary truck, trailer, chassis, or container storage use. Concurrent approval of said use or development is not required.
(g) A security and safety plan for the proposed use.
(h) A site maintenance and operations plan for ongoing property cleaning, dust mitigation, and litter control.
(i) Any other documents as may reasonably be required by City staff for a complete understanding of the proposed project.
(2) Filing Fee. A filing and investigation fee in an amount set by the City Council shall be required with each application submitted. (3) Application Processing.
(a) Upon receipt of an application for a Temporary Storage Permit, City staff shall review the application and inform the applicant as to the completeness of the submittal, of additional materials required, if any, and project issues of concern within 30 days. City stall shall also inform the applicant of the procedures for compliance with this section. (b) Once the Temporary Storage Permit application is deemed complete, City staff shall conduct a final review of all materials provided by the applicant.
(4) Review by Staff
(a) In review and consideration of the proposed project, City staff shall consider, among other criteria, the following:
i. Vehicle traffic and circulation;
ii. Proximity to sensitive and/or incompatible land uses, such as residential properties, schools, or parks;
iii. Security and safety measures;
iv. Dust mitigation measures;
v. Property maintenance and litter control measures;
vi. Other requirements set forth within this section; and vii. Adherence to local, state, and federal laws.
(5) Conditions of Approval. In reviewing the application, City staff shall impose such conditions deemed necessary to ensure implementation and compliance with this section.
(6) Findings. The approval or conditional approval of a Temporary Storage Permit may be granted by the Director of Community Development or designee, only if all of the following finding can be made:
(a) The operation of the requested temporary use at the location proposed and within the time period specified would not be detrimental to the harmonious and orderly growth of the City, nor endanger, jeopardize, or otherwise constitute a hazard to the public convenience, health, interest, safety, or general welfare;
(b) The subject lot is adequate in size and shape to accommodate the temporary use without material detriment to the use and enjoyment of other properties located adjacent to and in the vicinity of the lot; (c) The subject lot is adequately served by streets or highways having sufficient width and improvements to accommodate the kind and quantity of traffic that the temporary use would or could reasonably be expected to generate;
(d) Adequate temporary parking to accommodate vehicular traffic to be generated by the temporary use would be available either on-site or at alternate locations acceptable to the Director of Community Development or designee; and
(e) The temporary use is consistent with all applicable provisions of the General Plan, any applicable specific plan, this Code, and other City regulations.
(7) Decision.
(a) The Director of Community Development or designee will provide a written decision of a denial or issuance of a Temporary Storage Permit, including the conditions of approval and required findings, to the applicant by mail.
(b) The applicant shall sign an affidavit to acknowledge that the applicant is aware of and agrees to all of the requirements and conditions under which the approval of the Temporary Storage Permit is given, and that if any of said requirements or conditions are violated, the approval shall become null and void.
(c) The approval by the Director of Community Development or designee, is considered final unless it is appealed within 14 days from the date of approval.
(8) Appeal of Decision
(a) An appeal of the decision made by the Director of Community Development, or designee shall be made in writing and filed with the Planning Commission Secretary.
(b) Said appeal must be received within 14 days from the date of approval. (c) The filing of an appeal within the prescribed time period shall have the effect of staying the effective date of the Director of Community Development or designee’s decision until such time as the Planning Commission has acted on the appeal.
(d) Each appeal shall be considered de novo (new) and the Planning Commission may reverse, modify, or affirm the decision in regard to the entire project in whole or in part. In taking its action on the appeal, the Planning Commission shall state the basis for its action. The Planning Commission may approve (in full or in part), conditionally approve (in full or in part), modify or deny (in full or in part), and may modify, delete, or add such conditions as it deems necessary. The Planning Commission may also refer the matter back to the Director of Community Development for further action.
(e) Any subsequent appeal of the Planning Commission’s action shall be subject to Sections 155.865 and 155.866 of this code.
(D) Extension of Temporary Storage Permit
(1) The holder of a Temporary Storage Permit may file an application with the Community Development Department for an extension of time to continue the use beyond the two-year period. In order to be considered for an extension of time, the permit holder must submit the written request for such extension at least 90 days but no more than 180 days prior to the expiration of the permit.
(2) The temporary truck, trailer, chassis, or container storage use may be extended for no more than two additional twelve (12) month periods beyond the term of the original approval.
(3) The application for an extension shall be heard by the Planning Commission. The Planning Commission may grant the extension if it finds:
(a) That there have been no changes in the conditions or circumstances of the site or operations that would have been grounds for denial of the original permit application; and
(b) That the permit holder is in compliance with all permit terms and conditions, and all local, state, and federal laws.
(E) Violation. Violation of any term or condition of the permit, or any local, state, or federal law, is cause for the permit to be revoked pursuant to section 155.811, et seq. of this Code.

ITEM # 8

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Lana Dich, City Treasurer

SUBJECT: TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED MARCH 31, 2024
DATE: May 7, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Receive and file the report.

FISCAL IMPACT
Investment earnings for the quarter ended March 31, 2024 amounted to $1,311,774.

BACKGROUND/DISCUSSION
Beginning January 2016, the City retained PFM Asset Management LLC (“PFMAM”) to manage $20.8 million of the City’s reserve funds (“managed portfolio”).

Based on a cash flow analysis and discussion with PFMAM and the City Council Audit Subcommittee, an additional $10.0 million of the City’s reserve funds were added to the portfolio in May 2017, and $35.0 million in January 2023 bringing the total principal invested to $65.8 million.

At the end of each calendar quarter, PFMAM provides a detailed written report covering general market conditions as well as the balances and transactions of the City’s portfolio for the previous quarter. PFMAM’s detailed report is attached to this Treasurer’s Report.

Mr. Richard Babbe, Senior Management Consultant with PFMAM, along with his staff, have also regularly provided an update, including a detailed review of the results of the CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024
Treasurer’s Report of Investments for the Quarter Ended March 31, 2024

Page 2 of 4 ends

portfolio for the quarter, a discussion of the investment strategies and policies which govern the City’s portfolio, and general market conditions.

ANALYSIS
The City’s managed portfolio generated interest income in the amount of $468,092 for the most recent quarter. The interest income represents actual cash receipts received by the City, plus the amortization of any discounts or premiums, as well as realized gains and losses. The figure does not include unrealized gains or losses (i.e. changes in market value).

The overall performance of the City’s managed portfolio account is expressed in a “yield” and “total return”. The yield is a forward-looking measurement which shows the income and dividends on the investments to be expected in the future based on current holdings, expressed as an annual rate of return. The City’s yield (at cost value) at March 31, 2024 was 3.92%, increase from 3.53% the previous quarter.

Total return on the other hand, is a backward-looking measurement focused on not only interest earned, but also realized and unrealized gains/losses. Realized gains/losses result from selling a security at a price higher or lower than was actually paid to purchase it. Unrealized gains/losses result from market value increases and decreases in security values for securities which are still held in the portfolio.

Of particular importance to the City’s portfolio is the inverse relationship between yield and market value. In general, when yields go up, market values go down, and vice versa.

For example, if the City is holding a bond which pays 1.0% and the market yield increases to 1.1% the market value of the City’s 1.0% security will decline so that an investor purchasing the security would pay a price below face value which would cause the security to yield 1.1% even though it only pays 1.0%. If held until maturity, the security would pay the full face value along with the 1.0% stated interest throughout the term. In other words, “unrealized” gains/losses are not “realized” unless the security is actually sold prior to maturity.

The yield at June 30, 2016 was 1.25% and rose to 3.92% as of March 31, 2024. This has resulted in unrealized losses, however, it is important to point out that the investments continue to pay the stated interest on the security. The unrealized losses simply represent the amount that the City would lose, if the security was sold in the current market conditions. It is not an actual loss of the City’s principal value invested. It is also important to remember that rising yield markets are good in the sense that as securities mature, they are replaced with higher rate securities, increasing the overall interest income of the portfolio.

Because the total return (as opposed to the yield) takes into account realized and unrealized gains/losses, it is generally compared against a target benchmark to evaluate portfolio performance. The City’s benchmark is the 1-5 Year U.S. Treasury Index. The CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024
Treasurer’s Report of Investments for the Quarter Ended March 31, 2024

Page 3 of 4 ends

total return for the City’s portfolio for the quarter ended March 31, 2024 was 0.18% vs. the benchmark’s total return of -0.02%; the City’s portfolio outperformed the benchmark by 0.20%. Since inception of the managed portfolio (January 2016) the total return for the City’s portfolio was 1.32% vs. the benchmark total return of 0.96% through March 31, 2024.

Aside from the PFMAM managed portfolio, the City’s other investments are the Local Agency Investment Fund (“LAIF”), a pooled investment fund managed by the California State Treasurer; the California Asset Management Program (“CAMP”), a pooled investment fund managed by PFMAM; and the First American Treasury Obligations Fund, a U.S. Treasury money market fund (“MMF”) used by the City’s bond trustee. LAIF returned an annualized rate of 4.31% for the quarter while CAMP returned 5.48% and the MMF returned 4.77%. Interest earnings for the quarter amounted to $258,892, $788,576, and $86,416, respectively, for the LAIF, CAMP, and the MMF accounts.

ENVIRONMENTAL
None.

SUMMARY/NEXT STEPS
The attached Treasurer’s Report contains all investments under the control of the City.

The investments, at market value, are summarized as follows:

Pooled Cash and Investments $ 140.3 million
Successor Agency Bond Funds 19.0 million
Bonds Reserves and Debt Service 13.2 million
Total Investments $ 172.5 million
Pooled cash and investments consist of the PFMAM managed account, LAIF, and CAMP.

The Successor Agency bond funds are held in LAIF and are the source of funds for ongoing capital improvement projects. Spending on multiple capital projects has occurred and these funds will be drawn down for deposit into the City’s pooled cash and investments.

The bond reserves and debt service funds consist of the MMF accounts held, as required, by the City’s third party trustee, U.S. Bank. These funds are held for debt service payments and reserves for bond issuances of the Water Utility Authority, the Successor Agency, and the Heritage Springs Assessment District.

CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024
Treasurer’s Report of Investments for the Quarter Ended March 31, 2024

Page 4 of 4 ends

The investments, at market value, are summarized by type as follows:

PFMAM Managed Portfolio $ 70.5 million
LAIF 24.1 million
CAMP 64.7 million
MMF 13.2 million
Total Investments $172.5 million
PFMAM and Staff will continue to work with the City Council Audit Subcommittee to review any proposed changes to the portfolio make-up.

ATTACHMENT(S):

A. Attachment A – Treasurer’s Report of Investments (Quarter Ended March 31, 2024)
B. Attachment B – PFMAM Investment Performance Review (Quarter Ended March 31, 2024)
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

QUARTERLY

BEGINNING DEPOSITS/ WITHDRAWALS/ ENDING MARKET INVESTMENT ANNUAL

DESCRIPTION BALANCE PURCHASES SALES BALANCE VALUE EARNING YIELD POOLED INVESTMENTS:

PFM MANAGED PORTFOLIO (1) $ 70,587,051.14 $ 6,946,971.34 $ 7,099,761.32 $ 70,434,261.16 $ 70,497,041.96 $ 468,091.99 3.92% CALIFORNIA ASSET MANAGEMENT PROGRAM 64,078,344.68 31,025,504.03 30,437,025.57 64,666,823.14 64,666,823.14 788,575.67 5.48% LOCAL AGENCY INVESTMENT FUND 5,106,151.61 51,297.22 - 5,157,448.83 5,127,490.59 55,106.08 4.30% SUBTOTAL POOLED INVESTMENTS 139,771,547.43 38,023,772.59 37,536,786.89 140,258,533.13 140,291,355.69 1,311,773.74 SUCCESSOR AGENCY BOND FUNDS (2):

LOCAL AGENCY INVESTMENT FUND 18,882,862.41 189,700.14 - 19,072,562.55 18,961,775.13 203,785.60 4.30% SUCCESSOR AGENCY FUNDS:

LOCAL AGENCY INVESTMENT FUND 0.96 - - 0.96 0.95 - 4.30% INVESTMENTS HELD BY FISCAL AGENT (3):

U.S. BANK CORPORATE TRUST MONEY MARKET FUNDS:

First American Treasury Obligations Fund Class D:

City of Santa Fe Springs 573,967.88 6,883.22 - 580,851.10 580,851.10 6,883.22 4.77% Successor Agency 2,639,729.08 9,823,455.11 8,381.25 12,454,802.94 12,454,802.94 77,574.11 4.77% Heritage Springs Assessment District 175,506.14 30,671.12 32,630.00 173,547.26 173,547.26 1,958.88 4.77% Subtotal First American Treasury Obligations Fund Class D 3,389,203.10 9,861,009.45 41,011.25 13,209,201.30 13,209,201.30 86,416.21 SUBTOTAL INVESTMENTS HELD BY FISCAL AGENT (U.S. BANK) 3,389,203.10 9,861,009.45 41,011.25 13,209,201.30 13,209,201.30 86,416.21 TOTAL INVESTMENTS $162,043,613.90 $ 48,074,482.18 $ 37,577,798.14 $ 172,540,297.94 $172,462,333.07 $1,601,975.55 Notes:
(1) See attached report prepared by PFM, the City's investment manager, for detailed analysis of the managed portfolio. All information except for the market value is reported on the amortized cost basis. Investment earnings on the amortized cost basis do not include unrealized gains and losses. (2) Unspent bond proceeds of the former redevelopment agency to be used for ongoing capital improvement projects. (3) Fiscal agent accounts are held by U.S. Bank as Trustee for debt service reserves and payment of bond principal and interest.

CERTIFICATION:

The investment transactions are in compliance with the investment policy approved by the City Council.

There is sufficient liquidity within the portfolio to meet all anticipated expenditures for the next six months.

LANA DICH, CITY TREASURER

CITY OF SANTA FE SPRINGS

TREASURER'S REPORT OF INVESTMENTS
QUARTER ENDED MARCH 31, 2024
Investment Performance Review
For the Quarter Ended March 31, 2024
Client Management Team PFM Asset Management LLC
Moniqe Spyke, Managing DirectorJames Sims, CFA, Managing DirectorRichard Babbe, CCM, Senior Managing Consultant 213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
633 W 5th St., 25th Floor
Los Angeles, CA 90071
949-230-6896
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public City of Santa Fe Springs
© PFM Asset Management LLC pfmam.com |
Market Update
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Current Market Themes
▸ The U.S. economy is characterized by:
▹ Robust growth that continues to show surprising strength▹ Sticky inflation that remains above the Federal Reserve (Fed)’s 2% target▹ Labor markets continuing to show impressive job gains and low unemployment▹ Resilient consumer spending supported by wage growth that is outpacing inflation ▸ Federal Reserve reaffirms rate cut expectations
▹ Forecast of 75 basis points of cuts this year▹ After entering the year expecting 6 cuts in 2024, markets have adjusted their expectations to only 2 to 3 cuts in 2024
▹ Fed officials reaffirm that restoring price stability is the priority, but further confidence in inflation moving toward the 2% target is needed, which may delay the timing of rate cuts ▸ Treasury yields increase following the change in market expectations ▹ Yields on maturities between 2 and 10 years rose 30-40 basis points during the quarter▹ Yield curve inversion persists▹ Spreads in most sectors fell to multi-year lows given the strong economic environment City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
1 1.5%

2.5%3.5%4.5%5.5%6.5%7.5%8.5%9.5%
Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Consumer Price Index
Year-Over-Year Changes
CPI CPI Forecast Fed Target
Inflation Remains Range Bound After Significant
Decline in CPI in 2022 and Early 2023
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended March 31, 2024
Market Update
Source: Bloomberg, as of 4/10/2024.

CPI exceeds expectations
Federal Reserve Inflation Target
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
2 Source: Bloomberg. Job openings as of February 2024. Monthly change in nonfarm payrolls and unemployment rate as of March 2024. Data is seasonally adjusted.

For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Labor Market Remains Strong
05 10152025
Feb-20 Feb-21 Feb-22 Feb-23 Feb-24
Millions
Job Openings vs. Unemployed Workers
Job Openings Unemployed

2.3mm gap
146
278
303
240
184
210
246
165
182
290
256
270
303
0 50
100150200250300350400450500
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Thousands
Monthly Change In
Nonfarm Payrolls
Jobs-to-jobless ratio
continues to come into better
balance
829K Q1
637K Q4
Apr-20

14.8 Mar-24

3.8 0%2%4%6%8%
10%12%14%16%
2020 2021 2022 2023 2024
Unemployment Rate
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
3 Source: Bureau of Economic Analysis, U.S. Department of Commerce; as of March 28, 2024.

GDPNow estimates provided by the Federal Reserve Bank of Atlanta; as of April 4, 2024. The Atlanta Fed GDPNow estimate is a model-based projection not subject to judgmental adjustments. It is not an official forecast of the Atlanta Fed, its president, the Federal Reserve System, or the Federal Open Market Committee. Bloomberg Forecasts as of March 2024.

For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Atlanta Fed

2.6% GDPNow Forecast

2.2% 2.1%

4.9%

3.4%

2.0%
0%1%
2%3%4%5%6%
Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Forecast
U.S. GDP

2.5%
Bloomberg Forecast
Consumer Spending Continues to Drive Strong Economic Growth City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
4 Summary of Economic Projections Show Stronger Economic Story © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
Source: Federal Reserve, latest economic projections as of March 2024.

For the Quarter Ended March 31, 2024
Market Update

4.6%

3.9%

3.1%

2.6%
0%2%
4%6%8%
2024 2025 2026 Longer
Run
Federal Funds Rate
December Projections March Projections

2.6%

2.2% 2.0% 2.0%
0%1%
2%3%4%
2024 2025 2026 Longer
Run
PCE Inflation
December Projections March Projections

4.0% 4.1% 4.0% 4.1%
0%1%
2%3%4%5%6%
2024 2025 2026 Longer
Run
Unemployment Rate
December Projections March Projections

2.1% 2.0% 2.0% 1.8%
0%1%
2%3%4%
2024 2025 2026 Longer
Run
Change in Real GDP
December Projections March Projections
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
5 Market Reversed Course and Now
Expects a Slower Pace of Rate Cuts
Source: Bloomberg, as of March 2024.
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended March 31, 2024
Market Update
Market reprices
expectations for
number of cuts
in 2024 in
response to
hotter than
expected
inflation and a
resilient labor
market

2.0%2.5%3.0%3.5%4.0%4.5%5.0%5.5%
Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25
Implied Fed Funds Rate
3-Month Range Fed Funds as of March 28, 2024 Fed Funds as of January 02, 2024 +72 bps
+76 bps
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
6 Yields Reprice on Fed Patience
Source: Federal Reserve, Bloomberg, as of 3/31/2024.
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended March 31, 2024
Market Update
From the
March 24 FOMC
Meeting
Press Conference

4.62%
3%4%5%6%
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24
2-Year Treasury Yield

4.35%
3%4%5%6%
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24
10-Year Treasury Yield
+37 bps
+32 bps
“…the Committee needs to see more evidence to build our confidence that inflation is moving down sustainably toward our 2 percent goal, and we don’t expect that it will be appropriate to begin to reduce rates until we’re more confident that that is the case” City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
7 Treasury Yields Move Higher as Market Evolves to Revised Fed Expectations PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
Source: Bloomberg, as of 3/31/2024.

For the Quarter Ended March 31, 2024
Market Update

5.32%

5.02%

4.62%

4.41% 4.21% 4.21% 4.20% 4.34%

0.00%1.00%

2.00%3.00%4.00%5.00%6.00%
Yield
Maturity
U.S. Treasury Yield Curve
1 Year RangeMarch 31, 2024December 31, 2023
3mo 2yr 5yr 7yr 10yr 20yr 30yr
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
8 Sector Yield Spreads
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
Source: ICE BofA 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of March 31, 2024. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries. CMBS is Commercial Mortgage-Backed Securities and represented by the ICE BofA Agency CMBS Index.

For the Quarter Ended March 31, 2024
Market Update
-0.1%

0.0%0.1%0.2%
Dec-23 Jan-24 Feb-24 Mar-24
Federal Agency Yield Spreads
Bullet Callable 1 Year Average

0.3%0.5%0.7%0.9%
Dec-23 Jan-24 Feb-24 Mar-24
Corporate Notes A-AAA Yield Spreads
1-5 Yr. AAA-A Corp 1 Year Average

0.3%0.5%0.7%0.9%
Dec-23 Jan-24 Feb-24 Mar-24
Mortgage-Backed Securities Yield Spreads
Agency MBS Agency CMBS Index 1 Year Average

0.3%0.5%0.7%0.9%
Dec-23 Jan-24 Feb-24 Mar-24
Asset-Backed Securities AAA Yield Spreads
AAA ABS 1 Year Average
6 bps 76 bps
57 bps 78 bps
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
9 Fixed-Income Index Total Returns in 1Q 2024
1-5 Year Indices
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of March 31, 2024.

For the Quarter Ended March 31, 2024
Market Update
-0.02%

0.33%

1.01%

0.56%

0.83%
-0.5%

0.5%1.5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
First Quarter 2024 Returns

2.42%

3.29%

4.92%

4.68%

5.93%

0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
1-Year Return
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
10 Factors to Consider for 6-12 Months
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended March 31, 2024
Market Update
Monetary Policy:• Fed guidance implies a soft landing and 3 rate cuts for 2024. Market expectations have been volatile but recently converged to Fed projections. • Globally, central banks are nearing the start of
cutting cycles with the Swiss central bank being the first to cut.

Economic Growth:• U.S. resiliency continues as expectations for a soft-landing command center stage. Strength is led by consumers supported by a robust labor market. • Eurozone growth set to improve in 2024 H2.

Although Chinese growth targets seem
aspirational, emerging economies are expected to grow.

Inflation: • Inflation continued to moderate but has proven to be stickier than expected, predominantly in housing and other service sectors. • Further upside surprises in inflation indicators
may complicate the Fed’s path for monetary policy.

Financial Conditions:• Financial conditions continue to soften as the “Fed pivot” remains in play amid sustained strength in various economic indicators. • With interest rates elevated, we continue to
focus on identifying potential pockets of stress within financial markets.

Consumer Spending (U.S.): • Consumer confidence reached a multi-year high following strong wage growth, a resilient labor market, and slowly moderating inflation. • Hiring and wage growth have played a role in
boosting personal income, which combined with record U.S. household net worth, supported spending.

Labor Markets:• The labor market remains strong, but a few indicators are moderating from the extreme tightness of 2022. • No sign of weakness in typical economicallysensitive industries, like retail, leisure and hospitality, and construction.

Current outlook Outlook one quarter ago Negative Slightly Negative Neutral Slightly Positive Positive Statements and opinions expressed about the next 6-12 months were developed based on our independent research with information obtained from Bloomberg. The views expressed within this material constitute the perspective and judgment of PFM Asset Management LLC at the time of distribution (3/31/2024) and are subject to change. Information is obtained from sources generally believed to be reliable and available to the public; however, PFM Asset Management LLC cannot guarantee its accuracy, completeness, or suitability.

City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
11 © PFM Asset Management LLC pfmam.com |
Portfolio Review
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Snapshot
|
Total market value includes accrued interest and balances invested in CAMP, as of March 31, 2024.Yield and duration calculations exclude balances invested in CAMP.The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg.

An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.

0.1%

14.9%

22.8%

2.4%

1.3%

0.4%

14.2%

2.4%

41.5%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Joint Powers Authority - $62,781
ABS - $10,537,003
Corporate - $16,070,266
Negotiable CD - $1,718,883
Municipal - $907,093
Supranational - $266,354
Agency CMBS - $10,024,059
Federal Agency - $1,673,083
U.S. Treasury - $29,237,520
Portfolio Allocation Sector Limit for Analysis*
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest.*Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 13 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Compliance
|
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended March 31, 2024, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management LLC
14 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Characteristics
|
Historical Sector Allocation
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 45%
2%
14%
2%
21%14%
Dec-23
41%
2%
14%
1% 2%
23%
15%
Mar-24
<1% 1%
<1%
<1% <1%
15 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Portfolio Activity
Net Activity by Sector
($ millions)
U.S. TreasuryNegotiable CD
Agency CMBS
Corporate
ABS
U.S. Treasury
Negotiable CD
Agency CMBS
Corporate
ABS
($6.0) ($4.0) ($2.0) $0.0 $2.0 $4.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.

Sector Net Activity
ABS $1,135,168
Corporate $1,054,008
Agency CMBS $320,171
Negotiable CD $271,788U.S. Treasury ($2,161,203)Total Net Activity $619,932 Sales/Maturities Purchases
16 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Performance
|

1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is March 31, 2016.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.4. The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg. -1.0%

0.0%1.0%2.0%3.0%4.0%
Return
Portfolio Benchmark
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years Since Inception¹ Interest Earned² $600,744 $2,175,975 $3,463,913 $4,114,150 $5,682,614 Change in Market Value ($472,056) $6,135 ($2,113,255) ($351,253) ($787,373) Total Dollar Return $128,688 $2,182,110 $1,350,658 $3,762,897 $4,895,241 Total Return³Portfolio 0.18% 3.19% -0.23% 1.32% 1.32%Benchmark⁴ -0.02% 2.42% -0.59% 0.96% 0.96% 3 Months 1 Year 3 Years 5 Years Since Inception
Difference 0.20% 0.77% 0.36% 0.36% 0.35%
17 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Performance
|

1. The lesser of 10 years or since inception is shown. Performance inception date is March 31, 2016.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Realized gains / (losses) are shown on an amortized cost basis.

Accrual Basis Earnings
Accrual Basis EarningsInterest Earned²Realized Gains / (Losses)³Change in Amortized CostTotal Earnings 3 Months
$600,744
($194,055)
$69,784
$476,472
1 Year
$2,175,975
($638,394)
$274,387
$1,811,967
3 Years
$3,463,913
($617,343)
$324,138
$3,170,707
5 Year
$4,114,150
($246,044)
$5,053,555$8,921,661
Since Inception¹
$5,682,614
($536,379)
$6,745,720
$11,891,955
18 Negative Slightly Negative Neutral Slightly Positive Current outlook Outlook one quarter ago Positive © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
Sector Our Investment Preferences

C O M M E R C I A L P A P E R
/ C D

T R E A S U R I E S
T-Bill
T-Note

F E D E R A L A G E N C I E S
Bullets
Callables

S U P R A N A T I O N A L S

C O R P O R A T E S
Financials
Industrials

S E C U R I T I Z E D
Asset-Backed
Agency Mortgage-Backed
Agency CMBS

M U N I C I P A L S
For the Quarter Ended March 31, 2024
Market Update
Fixed-Income Sector Outlook – 2Q 2024
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Market Update
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19 © PFM Asset Management LLC | pfmam.com
Issuer Distribution
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balancesinvested in overnight funds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchU.S. Treasury 41.5% UNITED STATES TREASURY 41.5% AA / Aaa / AA
Federal Agency 2.4%
FANNIE MAE 1.5% AA / Aaa / AAFREDDIE MAC 0.9% AA / Aaa / AA Agency CMBS 14.2%
FANNIE MAE 1.8% AA / Aaa / AAFREDDIE MAC 12.4% AA / Aaa / AA Supranational 0.4%
INTL BANK OF RECONSTRUCTION AND DEV 0.4% AAA / Aaa / AAA Municipal 1.3%
FLORIDA STATE BOARD OF ADMIN FIN CORP 0.3% AA / Aa / AANEW JERSEY TURNPIKE AUTHORITY 0.1% AA / A / ANEW YORK ST URBAN DEVELOPMENT CORP 0.5% NR / NR / AASTATE OF CALIFORNIA 0.4% AA / Aa / AA Negotiable CD 2.4%
CREDIT AGRICOLE SA 0.8% A / Aa / AANATIXIS NY BRANCH 0.7% A / A / ANORDEA BANK ABP 0.5% AA / Aa / AATORONTO-DOMINION BANK 0.5% A / A / NR Corporate 22.8%
AIR PRODUCTS & CHEMICALS 0.5% A / A / NRAMERICAN EXPRESS CO 0.1% BBB / A / AAMERICAN HONDA FINANCE 0.6% A / A / AAPPLE INC 0.3% AA / Aaa / NRASTRAZENECA PLC 0.2% A / A / A Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 22.8% BANK OF AMERICA CO 0.9% A / Aa / AA
BMW FINANCIAL SERVICES NA LLC 0.7% A / A / NR
BRISTOL-MYERS SQUIBB CO 0.1% A / A / NR
BURLINGTON NORTHERN SANTA FE 0.2% AA / A / NRCINTAS CORPORATION NO. 2 0.1% A / A / NRCISCO SYSTEMS INC 0.4% AA / A / NRCITIGROUP INC 1.0% A / A / ACOLGATE-PALMOLIVE COMPANY 0.0% AA / Aa / NRCOMMONWEALTH BANK OF AUSTRALIA 0.7% AA / Aa / ADEERE & COMPANY 0.6% A / A / AELI LILLY & CO 0.4% A / A / NRGENERAL DYNAMICS CORP 0.4% A / A / NR GOLDMAN SACHS GROUP INC 0.2% BBB / A / AHERSHEY COMPANY 0.9% A / A / NRHOME DEPOT INC 0.4% A / A / AHONEYWELL INTERNATIONAL 0.3% A / A / AHORMEL FOODS CORP 0.2% A / A / NRHSBC HOLDINGS PLC 0.4% A / A / AIBM CORP 0.3% A / A / AINTEL CORPORATION 0.3% A / A / AJP MORGAN CHASE & CO 1.4% A / Aa / AALINDE PLC 0.3% A / A / NRLOCKHEED MARTIN CORP 0.1% A / A / AMercedes-Benz Group AG 0.7% A / A / AMORGAN STANLEY 0.5% A / A / ANATIONAL AUSTRALIA BANK LTD 0.4% AA / Aa / NR 20 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balancesinvested in overnight funds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 22.8%

NATIONAL RURAL UTILITIES CO FINANCECORP

0.8% A / A / A
NESTLE SA 0.2% AA / Aa / NRNORTHERN TRUST 0.2% A / A / APACCAR FINANCIAL CORP 0.6% A / A / NRPEPSICO INC 0.5% A / A / NRPNC FINANCIAL SERVICES GROUP 0.2% A / A / ARABOBANK NEDERLAND 0.5% A / Aa / AA ROCHE HOLDINGS INC 0.4% AA / Aa / AASTATE STREET CORPORATION 1.1% A / A / AA TARGET CORP 0.3% A / A / ATEXAS INSTRUMENTS INC 0.6% A / Aa / NRTHE BANK OF NEW YORK MELLONCORPORATION

0.8% A / A / AA
TOYOTA MOTOR CORP 0.5% A / A / ATRUIST FIN CORP 0.3% A / A / AUNITEDHEALTH GROUP INC 0.3% A / A / A USAA CAPITAL CORP 0.2% AA / Aa / NRWAL-MART STORES INC 0.2% AA / Aa / AAWELLS FARGO & COMPANY 1.3% A / Aa / AA ABS 15.0%
ALLY AUTO RECEIVABLES TRUST 0.4% NR / Aaa / AAA
AMERICAN EXPRESS CO 0.4% AAA / NR / AAA
BANK OF AMERICA CO 1.7% AAA / Aaa / AAABMW VEHICLE OWNER TRUST 0.2% AAA / NR / AAACAPITAL ONE FINANCIAL CORP 1.1% AAA / Aaa / AAACARMAX AUTO OWNER TRUST 0.4% AAA / Aaa / AAA Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 15.0% CHASE ISSURANCE 0.7% AAA / NR / AAADISCOVER FINANCIAL SERVICES 1.1% AAA / Aaa / AAAFIFTH THIRD AUTO TRUST 0.7% AAA / Aaa / NRFORD CREDIT AUTO OWNER TRUST 0.5% AAA / NR / AAAGM FINANCIAL CONSUMER AUTOMOBILETRUST

0.9% AAA / Aaa / AAA
HARLEY-DAVIDSON MOTORCYCLE TRUST 1.2% AAA / Aaa / AAAHONDA AUTO RECEIVABLES 0.2% NR / Aaa / AAAHYUNDAI AUTO RECEIVABLES 1.3% AAA / NR / AAAKUBOTA CREDIT OWNER TRUST 1.2% NR / Aaa / AAAMERCEDES-BENZ AUTO RECEIVABLES 0.6% AAA / Aaa / AAATOYOTA MOTOR CORP 0.6% AAA / Aaa / AAAUSAA AUTO OWNER TRUST 0.7% AAA / Aaa / NRVOLKSWAGEN OF AMERICA 0.1% AAA / Aaa / NRWF CARD ISSUANCE TRUST 0.9% AAA / Aaa / AAAWORLD OMNI AUTO REC TRUST 0.1% AAA / NR / AAA Total 100.0%
21 © PFM Asset Management LLC | pfmam.com
Portfolio Transactions
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
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Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY1/4/2024 1/5/2024 1,600,000.00 91282CJR3 US TREASURY N/B NOTES 3.75% 12/31/2028 1,584,886.68 3.97%1/17/2024 1/19/2024 350,000.00 21688ABC5 COOPERAT RABOBANK UA/NY 4.80% 1/9/2029 350,155.17 4.82%1/24/2024 1/31/2024 520,000.00 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2027 519,920.80 4.61%2/1/2024 2/5/2024 525,000.00 22536DWD6 CREDIT AGRICOLE CIB NY CERT DEPOS 4.76% 2/1/2027 525,000.00 4.76%2/1/2024 2/8/2024 330,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 333,593.04 4.34%2/5/2024 2/8/2024 310,000.00 882508CE2 TEXAS INSTRUMENTS CORP NOTES (CALLABLE) 4.60% 2/8/2027 309,801.60 4.62%2/7/2024 2/9/2024 270,000.00 532457CJ5 ELI LILLY & CO CORPORATE NOTES 4.50% 2/9/2027 269,856.90 4.52%2/7/2024 2/9/2024 275,000.00 63743HFN7 NATIONAL RURAL UTIL COOP CORP NOTES (CAL 4.85% 2/7/2029 275,326.94 4.84%2/8/2024 2/12/2024 350,000.00 009158BH8 AIR PRODUCTS & CHEMICALS CORP NOTES (CAL 4.60% 2/8/2029 349,930.39 4.62%2/14/2024 2/21/2024 195,000.00 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 194,992.38 5.19%2/14/2024 2/22/2024 95,000.00 110122EE4 BRISTOL-MYERS SQUIBB CORP NOTES (CALLABL 4.90% 2/22/2027 94,897.40 4.94%2/21/2024 2/26/2024 175,000.00 04636NAK9 ASTRAZENECA FINANCE LLC CORP NOTES (CALL 4.80% 2/26/2027 174,706.00 4.86%2/21/2024 2/26/2024 305,000.00 17275RBQ4 CISCO SYSTEMS INC CORPORATE NOTES (CALLA 4.80% 2/26/2027 304,603.50 4.85%2/21/2024 3/1/2024 650,000.00 92970QAA3 WFCIT 2024-A1 A 4.94% 2/15/2029 649,823.59 4.95%3/5/2024 3/8/2024 150,000.00 440452AK6 HORMEL FOODS CORP CORPORATE NOTES (CALLA 4.80% 3/30/2027 149,854.50 4.83%3/13/2024 3/18/2024 210,000.00 857477CL5 STATE STREET CORP NOTE (CALLABLE) 4.99% 3/18/2027 210,000.00 4.99% 22 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
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Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY3/19/2024 3/20/2024 650,000.00 91282CKD2 US TREASURY N/B NOTES 4.25% 2/28/2029 649,622.45 4.32% Total BUY 6,960,000.00 6,946,971.34 0.00
INTEREST1/1/2024 1/1/2024 70,000.00 646140DN0 NJ TURNPIKE AUTHORITY TXBL REV BONDS 0.89% 1/1/2025 313.951/1/2024 1/1/2024 255,000.00 341271AD6 FL ST BOARD OF ADMIN TXBL REV BONDS 1.25% 7/1/2025 1,603.951/1/2024 1/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.421/1/2024 1/25/2024 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.501/1/2024 1/25/2024 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.461/1/2024 1/25/2024 400,000.00 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 760.671/1/2024 1/25/2024 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.831/1/2024 1/25/2024 325,000.00 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 815.211/1/2024 1/25/2024 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.501/1/2024 1/25/2024 450,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,818.751/1/2024 1/25/2024 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.871/1/2024 1/25/2024 300,000.00 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 832.251/1/2024 1/25/2024 360,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,458.001/1/2024 1/25/2024 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.96 23 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
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Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/1/2024 1/25/2024 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.081/1/2024 1/25/2024 650,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.501/1/2024 1/25/2024 265,000.00 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 1,104.171/1/2024 1/25/2024 650,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.751/1/2024 1/25/2024 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.501/1/2024 1/25/2024 359,503.89 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 916.411/1/2024 1/25/2024 239,641.28 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 668.401/1/2024 1/25/2024 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.501/1/2024 1/25/2024 178,507.28 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 401.941/1/2024 1/25/2024 283,916.96 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,247.341/1/2024 1/25/2024 256,692.14 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 676.321/1/2024 1/25/2024 235,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 992.681/1/2024 1/25/2024 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.941/7/2024 1/7/2024 155,000.00 02665WEK3 AMERICAN HONDA FINANCE CORPORATE NOTES 5.25% 7/7/2026 4,068.751/8/2024 1/8/2024 250,000.00 02665WDJ7 AMERICAN HONDA FINANCE CORPORATE NOTES 2.35% 1/8/2027 2,937.501/10/2024 1/10/2024 175,000.00 172967LD1 CITIGROUP INC CORP (CALLABLE) NOTES 3.88% 1/10/2028 3,401.131/12/2024 1/12/2024 305,000.00 63253QAA2 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES 4.96% 1/12/2026 7,573.15 24 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
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Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/15/2024 1/15/2024 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.331/15/2024 1/15/2024 69,135.63 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 44.361/15/2024 1/15/2024 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.501/15/2024 1/15/2024 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.081/15/2024 1/15/2024 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.371/15/2024 1/15/2024 170,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 378.251/15/2024 1/15/2024 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.671/15/2024 1/15/2024 51,788.56 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 31.941/15/2024 1/15/2024 14,628.52 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 6.101/15/2024 1/15/2024 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.871/15/2024 1/15/2024 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.961/15/2024 1/15/2024 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.751/15/2024 1/15/2024 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.671/15/2024 1/15/2024 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.961/15/2024 1/15/2024 200,000.00 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 923.331/15/2024 1/15/2024 465,000.00 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.881/15/2024 1/15/2024 200,000.00 87612EBM7 TARGET CORP CORP NOTES (CALLABLE) 1.95% 1/15/2027 1,950.00 25 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
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Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/15/2024 1/15/2024 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.921/15/2024 1/15/2024 44,027.41 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 19.081/15/2024 1/15/2024 179,652.15 448977AD0 HART 2022-A A3 2.22% 10/15/2026 332.361/15/2024 1/15/2024 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.131/15/2024 1/15/2024 130,000.00 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 600.171/15/2024 1/15/2024 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.501/15/2024 1/15/2024 460,000.00 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 2,200.331/15/2024 1/15/2024 2,750,000.00 91282CGE5 US TREASURY NOTES 3.87% 1/15/2026 53,281.251/15/2024 1/15/2024 9,474.21 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 2.681/15/2024 1/15/2024 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.291/15/2024 1/15/2024 83,547.73 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 56.391/15/2024 1/15/2024 70,741.23 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 41.861/15/2024 1/15/2024 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.751/15/2024 1/15/2024 230,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 986.321/15/2024 1/15/2024 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.331/15/2024 1/15/2024 150,612.83 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 384.061/15/2024 1/15/2024 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.58 26 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
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Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/15/2024 1/15/2024 90,240.87 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 41.361/15/2024 1/15/2024 20,244.16 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 6.411/15/2024 1/15/2024 80,900.20 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 37.751/15/2024 1/15/2024 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.001/15/2024 1/15/2024 520,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.001/15/2024 1/15/2024 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.001/15/2024 1/15/2024 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.961/15/2024 1/15/2024 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.541/15/2024 1/15/2024 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.921/16/2024 1/16/2024 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.501/16/2024 1/16/2024 215,000.00 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,035.581/16/2024 1/16/2024 62,546.46 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 65.671/16/2024 1/16/2024 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.831/16/2024 1/16/2024 57,634.81 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 32.661/18/2024 1/18/2024 2,529.47 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 0.781/20/2024 1/20/2024 83,018.65 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 70.571/21/2024 1/21/2024 115,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 543.38 27 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
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Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/21/2024 1/21/2024 395,000.00 3137EAEU9 FREDDIE MAC NOTES 0.37% 7/21/2025 740.631/25/2024 1/25/2024 60,000.00 17327CAN3 CITIGROUP INC CORP NOTES (CALLABLE) 2.01% 1/25/2026 604.201/25/2024 1/25/2024 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.211/26/2024 1/26/2024 50,000.00 857477BZ5 STATE STREET CORP NOTES (CALLABLE) 4.85% 1/26/2026 1,214.251/26/2024 1/26/2024 40,000.00 693475BL8 PNC FINANCIAL SERVICES CORP NOTES (CALLA 4.75% 1/26/2027 951.601/27/2024 1/27/2024 175,000.00 61761J3R8 MORGAN STANLEY CORP NOTES 3.12% 7/27/2026 2,734.381/27/2024 1/27/2024 240,000.00 459200KS9 IBM CORP CORPORATE NOTES 4.00% 7/27/2025 4,800.001/28/2024 1/28/2024 105,000.00 89788MAH5 TRUIST FIN CORP NOTES (CALLABLE) 4.26% 7/28/2026 2,236.501/28/2024 1/28/2024 200,000.00 61747YEZ4 MORGAN STANLEY CORPORATE NOTES (CALLABLE 5.05% 1/28/2027 5,050.001/31/2024 1/31/2024 2,000,000.00 91282CGH8 US TREASURY NOTES 3.50% 1/31/2028 35,000.001/31/2024 1/31/2024 400,000.00 91282CAB7 US TREASURY NOTES 0.25% 7/31/2025 500.001/31/2024 1/31/2024 200,000.00 91282CBH3 US TREASURY NOTES 0.37% 1/31/2026 375.002/1/2024 2/25/2024 265,000.00 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 1,104.172/1/2024 2/25/2024 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.462/1/2024 2/25/2024 325,000.00 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 815.212/1/2024 2/25/2024 170,999.71 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 385.032/1/2024 2/25/2024 283,607.62 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,245.98 28 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/1/2024 2/25/2024 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.502/1/2024 2/25/2024 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.872/1/2024 2/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.422/1/2024 2/25/2024 650,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.502/1/2024 2/25/2024 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.502/1/2024 2/25/2024 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.942/1/2024 2/25/2024 235,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 992.682/1/2024 2/25/2024 359,035.19 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 885.692/1/2024 2/25/2024 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.832/1/2024 2/25/2024 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.502/1/2024 2/25/2024 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.082/1/2024 2/25/2024 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.502/1/2024 2/25/2024 300,000.00 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 832.252/1/2024 2/25/2024 450,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,818.752/1/2024 2/25/2024 256,452.06 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 653.892/1/2024 2/25/2024 650,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.752/1/2024 2/25/2024 239,191.89 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 667.15 29 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/1/2024 2/25/2024 400,000.00 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 760.672/1/2024 2/25/2024 360,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,458.002/1/2024 2/25/2024 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.962/3/2024 2/3/2024 475,000.00 58769JAL1 MERCEDES-BENZ FIN NA CORPORATE NOTES 5.10% 8/3/2028 12,112.502/3/2024 2/3/2024 195,000.00 857477CD3 STATE STREET CORP NOTES (CALLABLE) 5.27% 8/3/2026 5,140.202/5/2024 2/5/2024 225,000.00 458140BY5 INTEL CORP NOTES (CALLABLE) 3.75% 8/5/2027 4,218.752/6/2024 2/6/2024 80,000.00 69371RQ66 PACCAR FINANCIAL CORP CORPORATE NOTES 1.80% 2/6/2025 720.002/6/2024 2/6/2024 75,000.00 857477BR3 STATE STREET CORP (CALLABLE) CORPORATE N 1.74% 2/6/2026 654.752/7/2024 2/7/2024 45,000.00 63743HFC1 NATIONAL RURAL UTIL COOP CORPORATE NOTES 1.87% 2/7/2025 421.882/7/2024 2/7/2024 250,000.00 94988J6D4 WELLS FARGO BANK NA BANK NOTES (CALLABLE 5.45% 8/7/2026 6,736.812/11/2024 2/11/2024 300,000.00 05565ECE3 BMW US CAPITAL LLC CORP NOTES (CALLABLE) 5.05% 8/11/2028 7,575.002/12/2024 2/12/2024 140,000.00 38141GXS8 GOLDMAN SACHS GROUP INC CORP NOTES (CALL 0.85% 2/12/2026 598.502/12/2024 2/12/2024 70,000.00 05565EBU8 BMW US CAPITAL LLC CORPORATE NOTES 0.75% 8/12/2024 262.502/13/2024 2/13/2024 70,000.00 89236TGT6 TOYOTA MOTOR CREDIT CORP CORP NOTES 1.80% 2/13/2025 630.002/13/2024 2/13/2024 295,000.00 713448FQ6 PEPSICO INC CORP NOTES (CALLABLE) 4.55% 2/13/2026 6,711.252/14/2024 2/14/2024 275,000.00 89236TKX2 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES 5.00% 8/14/2026 6,875.002/15/2024 2/15/2024 170,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 378.25 30 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/15/2024 2/15/2024 230,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 954.502/15/2024 2/15/2024 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.082/15/2024 2/15/2024 465,000.00 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.882/15/2024 2/15/2024 65,905.25 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 38.992/15/2024 2/15/2024 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.752/15/2024 2/15/2024 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.672/15/2024 2/15/2024 130,000.00 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 600.172/15/2024 2/15/2024 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.502/15/2024 2/15/2024 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.292/15/2024 2/15/2024 460,000.00 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 2,200.332/15/2024 2/15/2024 39,613.16 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 17.172/15/2024 2/15/2024 200,000.00 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 923.332/15/2024 2/15/2024 17,113.71 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 5.422/15/2024 2/15/2024 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.872/15/2024 2/15/2024 142,225.22 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 362.672/15/2024 2/15/2024 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.542/15/2024 2/15/2024 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.33 31 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/15/2024 2/15/2024 84,146.59 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 38.572/15/2024 2/15/2024 25,000.00 194162AM5 COLGATE-PALMOLIVE CO CORPORATE NOTES 3.10% 8/15/2025 387.502/15/2024 2/15/2024 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.132/15/2024 2/15/2024 115,000.00 882508BV5 TEXAS INSTRUMENTS INC CORP NOTE (CALLABL 4.60% 2/15/2028 2,645.002/15/2024 2/15/2024 6,000,000.00 912828V98 US TREASURY NOTES 2.25% 2/15/2027 67,500.002/15/2024 2/15/2024 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.922/15/2024 2/15/2024 168,885.61 448977AD0 HART 2022-A A3 2.22% 10/15/2026 312.442/15/2024 2/15/2024 47,799.53 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 29.482/15/2024 2/15/2024 225,000.00 438516CJ3 HONEYWELL INTL CORP NOTES (CALLABLE) 4.95% 2/15/2028 5,568.752/15/2024 2/15/2024 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.002/15/2024 2/15/2024 11,679.91 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 4.872/15/2024 2/15/2024 350,000.00 427866AX6 HERSHEY COMPANY CORP NOTES (CALLABLE) 2.30% 8/15/2026 4,025.002/15/2024 2/15/2024 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.502/15/2024 2/15/2024 64,616.59 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 41.462/15/2024 2/15/2024 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.922/15/2024 2/15/2024 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.002/15/2024 2/15/2024 77,970.18 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 52.63 32 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/15/2024 2/15/2024 8,347.96 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 2.372/15/2024 2/15/2024 74,155.44 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 34.612/15/2024 2/15/2024 520,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.002/15/2024 2/15/2024 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.672/15/2024 2/15/2024 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.582/15/2024 2/15/2024 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.372/15/2024 2/15/2024 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.962/15/2024 2/15/2024 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.752/15/2024 2/15/2024 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.332/15/2024 2/15/2024 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.962/15/2024 2/15/2024 200,000.00 9128282A7 US TREASURY NOTES 1.50% 8/15/2026 1,500.002/15/2024 2/15/2024 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.962/15/2024 2/15/2024 520,000.00 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2027 996.672/16/2024 2/16/2024 54,006.41 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 30.602/16/2024 2/16/2024 215,000.00 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,035.582/16/2024 2/16/2024 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.502/16/2024 2/16/2024 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.83 33 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/16/2024 2/16/2024 58,827.96 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 61.772/18/2024 2/18/2024 450,000.00 06428CAA2 BANK OF AMERICA NA CORPORATE NOTES 5.52% 8/18/2026 12,433.502/20/2024 2/20/2024 77,007.18 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 65.462/21/2024 2/21/2024 115,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 543.382/24/2024 2/24/2024 100,000.00 46647PCV6 JPMORGAN CHASE & CO CORP NOTES (CALLABLE 2.59% 2/24/2026 1,297.502/25/2024 2/25/2024 795,000.00 3135G05X7 FANNIE MAE NOTES 0.37% 8/25/2025 1,490.632/25/2024 2/25/2024 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.212/29/2024 2/29/2024 700,000.00 91282CAJ0 US TREASURY NOTES 0.25% 8/31/2025 875.002/29/2024 2/29/2024 1,700,000.00 91282CGP0 US TREASURY NOTES 4.00% 2/29/2028 34,000.002/29/2024 2/29/2024 1,025,000.00 91282CBQ3 US TREASURY NOTES 0.50% 2/28/2026 2,562.503/1/2024 3/1/2024 265,000.00 13063D3N6 CA ST MUNICIPAL BONDS 4.84% 3/1/2027 6,420.953/1/2024 3/25/2024 325,000.00 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 815.213/1/2024 3/25/2024 358,564.79 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 884.573/1/2024 3/25/2024 650,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.753/1/2024 3/25/2024 450,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,818.753/1/2024 3/25/2024 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.503/1/2024 3/25/2024 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.50 34 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/1/2024 3/25/2024 265,000.00 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 1,104.173/1/2024 3/25/2024 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.943/1/2024 3/25/2024 238,740.99 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 665.893/1/2024 3/25/2024 400,000.00 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 760.673/1/2024 3/25/2024 170,765.47 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 384.513/1/2024 3/25/2024 330,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,257.303/1/2024 3/25/2024 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.873/1/2024 3/25/2024 235,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 992.683/1/2024 3/25/2024 283,281.76 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,244.553/1/2024 3/25/2024 256,211.09 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 653.303/1/2024 3/25/2024 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.963/1/2024 3/25/2024 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.503/1/2024 3/25/2024 360,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,458.003/1/2024 3/25/2024 300,000.00 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 832.253/1/2024 3/25/2024 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.463/1/2024 3/25/2024 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.503/1/2024 3/25/2024 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.08 35 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/1/2024 3/25/2024 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.833/1/2024 3/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.423/1/2024 3/25/2024 650,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.503/4/2024 3/4/2024 85,000.00 025816CQ0 AMERICAN EXPRESS CO CORP NOTES (CALLABLE 2.25% 3/4/2025 956.253/8/2024 3/8/2024 300,000.00 24422EXD6 JOHN DEERE CAPITAL CORP CORPORATE NOTES 5.15% 9/8/2026 7,725.003/8/2024 3/8/2024 125,000.00 24422EWD7 JOHN DEERE CAPITAL CORP CORPORATE NOTES 2.35% 3/8/2027 1,468.753/9/2024 3/9/2024 125,000.00 931142EW9 WALMART INC CORPORATE NOTES 3.90% 9/9/2025 2,437.503/12/2024 3/12/2024 150,000.00 641062BA1 NESTLE HOLDINGS INC CORP NOTE 4.00% 9/12/2025 3,000.003/13/2024 3/13/2024 500,000.00 20271RAR1 COMMONWEALTH BK AUSTR NY CORPORATE 5.31% 3/13/2026 13,290.003/13/2024 3/13/2024 65,000.00 63743HFH0 NATIONAL RURAL UTIL COOP CORP NOTES (CAL 4.45% 3/13/2026 1,446.253/14/2024 3/14/2024 250,000.00 437076BT8 HOME DEPOT INC CORP NOTES (CALLABLE) 2.80% 9/14/2027 3,500.003/15/2024 3/15/2024 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.923/15/2024 3/15/2024 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.373/15/2024 3/15/2024 130,000.00 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 600.173/15/2024 3/15/2024 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.503/15/2024 3/15/2024 158,384.51 448977AD0 HART 2022-A A3 2.22% 10/15/2026 293.013/15/2024 3/15/2024 134,207.48 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 342.23 36 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/15/2024 3/15/2024 14,013.49 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 4.443/15/2024 3/15/2024 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.003/15/2024 3/15/2024 520,000.00 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2027 1,993.333/15/2024 3/15/2024 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.583/15/2024 3/15/2024 7,171.41 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 2.033/15/2024 3/15/2024 67,457.60 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 31.483/15/2024 3/15/2024 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.503/15/2024 3/15/2024 8,615.42 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 3.593/15/2024 3/15/2024 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.753/15/2024 3/15/2024 35,000.00 437076CR1 HOME DEPOT INC NOTES (CALLABLE) 4.00% 9/15/2025 700.003/15/2024 3/15/2024 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.333/15/2024 3/15/2024 72,247.81 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 48.773/15/2024 3/15/2024 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.333/15/2024 3/15/2024 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.673/15/2024 3/15/2024 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.963/15/2024 3/15/2024 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.873/15/2024 3/15/2024 230,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 954.50 37 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/15/2024 3/15/2024 60,074.82 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 38.553/15/2024 3/15/2024 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.963/15/2024 3/15/2024 195,000.00 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 674.703/15/2024 3/15/2024 520,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.003/15/2024 3/15/2024 35,191.47 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 15.253/15/2024 3/15/2024 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.673/15/2024 3/15/2024 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.083/15/2024 3/15/2024 77,868.23 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 35.693/15/2024 3/15/2024 60,744.29 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 35.943/15/2024 3/15/2024 465,000.00 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.883/15/2024 3/15/2024 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.753/15/2024 3/15/2024 200,000.00 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 923.333/15/2024 3/15/2024 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.293/15/2024 3/15/2024 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.963/15/2024 3/15/2024 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.003/15/2024 3/15/2024 170,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 378.253/15/2024 3/15/2024 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.54 38 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/15/2024 3/15/2024 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.923/15/2024 3/15/2024 460,000.00 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 2,200.333/15/2024 3/15/2024 340,000.00 650036DT0 NY ST URBAN DEV CORP TXBL REV BONDS 0.87% 3/15/2025 1,479.003/15/2024 3/15/2024 43,763.13 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 26.993/15/2024 3/15/2024 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.133/16/2024 3/16/2024 55,154.08 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 57.913/16/2024 3/16/2024 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.833/16/2024 3/16/2024 215,000.00 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,035.583/16/2024 3/16/2024 50,379.88 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 28.553/16/2024 3/16/2024 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.503/17/2024 3/17/2024 65,000.00 172967NL1 CITIGROUP INC CORP NOTES (CALLABLE) 3.29% 3/17/2026 1,069.253/17/2024 3/17/2024 275,000.00 40428HVL3 HSBC USA INC CORPORATE NOTES 5.62% 3/17/2025 7,734.383/20/2024 3/20/2024 70,362.49 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 59.813/21/2024 3/21/2024 115,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 543.383/23/2024 3/23/2024 295,000.00 3137EAEX3 FREDDIE MAC NOTES 0.37% 9/23/2025 553.133/24/2024 3/24/2024 250,000.00 95000U2V4 WELLS FARGO CORP NOTES (CALLABLE) 3.52% 3/24/2028 4,407.503/25/2024 3/25/2024 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.21 39 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/30/2024 3/30/2024 200,000.00 857477BM4 STATE STREET CORP NOTES (CALLABLE) 2.90% 3/30/2026 2,901.003/30/2024 3/30/2024 350,000.00 69371RS49 PACCAR FINANCIAL CORP CORPORATE NOTES 4.45% 3/30/2026 7,787.503/31/2024 3/31/2024 225,000.00 91282CCZ2 US TREASURY NOTES 0.87% 9/30/2026 984.383/31/2024 3/31/2024 600,000.00 91282CEF4 US TREASURY NOTES 2.50% 3/31/2027 7,500.003/31/2024 3/31/2024 425,000.00 91282CJA0 US TREASURY NOTES 4.62% 9/30/2028 9,828.13 Total INTEREST 86,443,771.82 604,778.04 0.00
MATURITY2/16/2024 2/16/2024 60,000.00 46647PBY1 JPMORGAN CHASE & CO CORP NOTES (CALLED,O 0.56% 2/16/2024 60,168.903/18/2024 3/18/2024 105,000.00 808513BN4 CHARLES SCHWAB CORP NOTES (CALLABLE) 0.75% 3/18/2024 105,393.75 Total MATURITY 165,000.00 165,562.65 0.00
PAYDOWNS1/1/2024 1/25/2024 7,507.57 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 7,507.571/1/2024 1/25/2024 309.34 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 309.341/1/2024 1/25/2024 240.08 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 240.081/1/2024 1/25/2024 449.39 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 449.391/1/2024 1/25/2024 468.70 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 468.701/15/2024 1/15/2024 4,519.04 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 4,519.04 40 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS1/15/2024 1/15/2024 8,387.61 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 8,387.611/15/2024 1/15/2024 3,130.45 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,130.451/15/2024 1/15/2024 3,989.03 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,989.031/15/2024 1/15/2024 4,835.98 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 4,835.981/15/2024 1/15/2024 10,766.54 448977AD0 HART 2022-A A3 2.22% 10/15/2026 10,766.541/15/2024 1/15/2024 6,744.76 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 6,744.761/15/2024 1/15/2024 5,577.55 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 5,577.551/15/2024 1/15/2024 1,126.25 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,126.251/15/2024 1/15/2024 4,414.25 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,414.251/15/2024 1/15/2024 6,094.28 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 6,094.281/15/2024 1/15/2024 2,948.61 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 2,948.611/16/2024 1/16/2024 3,718.50 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,718.501/16/2024 1/16/2024 3,628.40 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,628.401/18/2024 1/18/2024 2,529.47 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 2,529.471/20/2024 1/20/2024 6,011.47 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 6,011.472/1/2024 2/25/2024 240.97 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 240.972/1/2024 2/25/2024 450.90 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 450.90 41 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS2/1/2024 2/25/2024 470.40 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 470.402/1/2024 2/25/2024 234.24 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 234.242/1/2024 2/25/2024 325.86 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 325.862/15/2024 2/15/2024 5,722.37 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 5,722.372/15/2024 2/15/2024 4,421.69 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,421.692/15/2024 2/15/2024 4,036.40 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4,036.402/15/2024 2/15/2024 8,017.74 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 8,017.742/15/2024 2/15/2024 3,100.22 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,100.222/15/2024 2/15/2024 1,176.55 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,176.552/15/2024 2/15/2024 5,160.96 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 5,160.962/15/2024 2/15/2024 10,501.10 448977AD0 HART 2022-A A3 2.22% 10/15/2026 10,501.102/15/2024 2/15/2024 6,278.36 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 6,278.362/15/2024 2/15/2024 6,697.84 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 6,697.842/15/2024 2/15/2024 4,541.77 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 4,541.772/15/2024 2/15/2024 3,064.49 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 3,064.492/16/2024 2/16/2024 3,673.88 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,673.882/16/2024 2/16/2024 3,626.53 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,626.53 42 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS2/20/2024 2/20/2024 6,644.69 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 6,644.693/1/2024 3/25/2024 899.70 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 899.703/1/2024 3/25/2024 270.20 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 270.203/1/2024 3/25/2024 538.94 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 538.943/1/2024 3/25/2024 505.18 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 505.183/1/2024 3/25/2024 510.20 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 510.203/15/2024 3/15/2024 2,888.80 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 2,888.803/15/2024 3/15/2024 2,975.48 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 2,975.483/15/2024 3/15/2024 4,151.06 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,151.063/15/2024 3/15/2024 6,013.40 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 6,013.403/15/2024 3/15/2024 10,213.87 448977AD0 HART 2022-A A3 2.22% 10/15/2026 10,213.873/15/2024 3/15/2024 8,989.21 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 8,989.213/15/2024 3/15/2024 3,848.24 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,848.243/15/2024 3/15/2024 4,325.48 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 4,325.483/15/2024 3/15/2024 6,396.46 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 6,396.463/15/2024 3/15/2024 4,857.51 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 4,857.513/15/2024 3/15/2024 1,147.10 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,147.10 43 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS3/15/2024 3/15/2024 5,418.67 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 5,418.673/16/2024 3/16/2024 3,642.82 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,642.823/16/2024 3/16/2024 3,657.40 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,657.403/20/2024 3/20/2024 5,956.57 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 5,956.57 Total PAYDOWNS 242,990.52 242,990.52 0.00
SELL1/4/2024 1/5/2024 1,075,000.00 91282CGG0 US TREASURY NOTES 4.12% 1/31/2025 1,086,732.25 -3,782.541/4/2024 1/5/2024 500,000.00 912828ZC7 US TREASURY NOTES 1.12% 2/28/2025 481,962.57 -21,611.811/18/2024 1/19/2024 175,000.00 00724PAB5 ADOBE INC (CALLABLE) CORP NOTE 1.90% 2/1/2025 171,347.17 -5,880.721/18/2024 1/19/2024 100,000.00 912828ZC7 US TREASURY NOTES 1.12% 2/28/2025 96,580.31 -4,167.091/31/2024 1/31/2024 175,000.00 912828ZC7 US TREASURY NOTES 1.12% 2/28/2025 169,388.07 -6,968.661/31/2024 1/31/2024 100,000.00 91282CEH0 US TREASURY NOTES 2.62% 4/15/2025 98,516.78 481.692/1/2024 2/5/2024 250,000.00 22536AZR8 CREDIT AGRICOLE CIB NY CERT DEPOS 4.10% 8/16/2024 253,212.50 -1,713.192/5/2024 2/5/2024 250,000.00 912828ZL7 US TREASURY NOTES 0.37% 4/30/2025 237,222.49 -13,007.702/6/2024 2/8/2024 150,000.00 912828ZL7 US TREASURY NOTES 0.37% 4/30/2025 142,508.05 -7,634.772/6/2024 2/8/2024 300,000.00 912828ZL7 US TREASURY NOTES 0.37% 4/30/2025 285,016.10 -14,258.992/6/2024 2/8/2024 100,000.00 91282CEH0 US TREASURY NOTES 2.62% 4/15/2025 98,441.35 299.08 44 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL2/6/2024 2/8/2024 425,000.00 771196BT8 ROCHE HOLDINGS INC (CALLABLE) CORPORATE 2.13% 3/10/2025 416,786.83 -11,938.252/8/2024 2/12/2024 100,000.00 912828ZT0 US TREASURY NOTES 0.25% 5/31/2025 94,534.92 -5,505.322/8/2024 2/12/2024 250,000.00 912828ZT0 US TREASURY NOTES 0.25% 5/31/2025 236,337.30 -12,630.282/8/2024 2/9/2024 225,000.00 912828ZT0 US TREASURY NOTES 0.25% 5/31/2025 212,584.71 -12,501.072/20/2024 2/22/2024 95,000.00 023135CE4 AMAZON.COM INC CORPORATE NOTES 3.00% 4/13/2025 93,964.50 -1,999.422/21/2024 2/26/2024 240,000.00 40428HTA0 HSBC USA INC CORPORATE NOTES 3.75% 5/24/2024 241,268.00 -1,030.842/23/2024 2/26/2024 25,000.00 437076CM2 HOME DEPOT INC (CALLABLE) CORPORATE NOTE 2.70% 4/15/2025 24,593.38 -635.992/23/2024 2/26/2024 175,000.00 912828ZT0 US TREASURY NOTES 0.25% 5/31/2025 165,247.77 -9,070.232/23/2024 2/26/2024 325,000.00 912828ZT0 US TREASURY NOTES 0.25% 5/31/2025 306,888.72 -17,050.932/23/2024 2/27/2024 325,000.00 254687FK7 WALT DISNEY COMPANY/THE (CALLABLE) 1.75% 8/30/2024 321,601.85 -6,059.713/5/2024 3/8/2024 150,000.00 912828ZW3 US TREASURY NOTES 0.25% 6/30/2025 141,474.35 -7,699.193/19/2024 3/20/2024 575,000.00 912828ZW3 US TREASURY NOTES 0.25% 6/30/2025 542,275.89 -29,689.50 Total SELL 6,085,000.00 5,918,485.86 -194,055.43
45 © PFM Asset Management LLC | pfmam.com
Portfolio Holdings
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Managed Account Detail of Securities Held
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 07/31/2020 0.250% 07/31/2025
91282CAB7 400,000.00 AA+ Aaa 7/1/2021 7/7/2021 392,281.25 0.73 167.58 397,473.86 376,187.52 US TREASURY NOTESDTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 700,000.00 AA+ Aaa 8/4/2021 8/9/2021 691,824.22 0.54 152.17 697,149.78 656,250.00 US TREASURY NOTESDTD 10/31/2020 0.250% 10/31/2025
91282CAT8 25,000.00 AA+ Aaa 8/26/2021 8/27/2021 24,516.60 0.72 26.27 24,816.90 23,281.25 US TREASURY NOTESDTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 300,000.00 AA+ Aaa 12/1/2020 12/3/2020 299,343.75 0.42 378.08 299,781.13 279,046.86 US TREASURY NOTESDTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 300,000.00 AA+ Aaa 10/4/2021 10/6/2021 294,796.88 0.80 378.08 297,913.26 279,046.86 US TREASURY NOTESDTD 12/31/2020 0.375% 12/31/2025
91282CBC4 300,000.00 AA+ Aaa 1/7/2021 1/11/2021 298,804.69 0.46 284.34 299,579.17 278,250.00 US TREASURY NOTESDTD 01/15/2023 3.875% 01/15/2026
91282CGE5 2,000,000.00 AA+ Aaa 2/6/2023 2/7/2023 1,986,562.50 4.12 16,394.23 1,991,809.76 1,971,250.00 US TREASURY NOTESDTD 01/15/2023 3.875% 01/15/2026
91282CGE5 750,000.00 AA+ Aaa 1/26/2023 1/27/2023 749,794.92 3.88 6,147.84 749,876.27 739,218.75 US TREASURY NOTESDTD 01/31/2021 0.375% 01/31/2026
91282CBH3 200,000.00 AA+ Aaa 2/25/2021 2/26/2021 196,812.50 0.70 125.69 198,813.54 184,906.24 US TREASURY NOTESDTD 02/28/2021 0.500% 02/28/2026
91282CBQ3 725,000.00 AA+ Aaa 9/2/2021 9/7/2021 718,542.97 0.70 315.22 722,243.42 670,058.63 US TREASURY NOTESDTD 02/28/2021 0.500% 02/28/2026
91282CBQ3 300,000.00 AA+ Aaa 3/1/2021 3/3/2021 296,800.78 0.72 130.43 298,775.07 277,265.64 US TREASURY NOTESDTD 04/15/2023 3.750% 04/15/2026
91282CGV7 250,000.00 AA+ Aaa 4/21/2023 4/24/2023 249,023.44 3.89 4,328.89 249,331.59 245,664.05 US TREASURY NOTESDTD 05/31/2021 0.750% 05/31/2026
91282CCF6 100,000.00 AA+ Aaa 6/3/2021 6/8/2021 99,566.41 0.84 252.05 99,811.59 92,125.00 US TREASURY NOTESDTD 08/15/2016 1.500% 08/15/2026
9128282A7 200,000.00 AA+ Aaa 9/8/2022 9/13/2022 185,492.19 3.50 379.12 191,226.42 186,343.76 US TREASURY NOTESDTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 225,000.00 AA+ Aaa 10/7/2021 10/12/2021 223,444.34 1.02 5.38 224,217.88 205,875.00 46 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 10/31/2021 1.125% 10/31/2026
91282CDG3 225,000.00 AA+ Aaa 11/15/2021 11/17/2021 223,611.33 1.25 1,063.96 224,276.11 206,613.27 US TREASURY NOTESDTD 10/31/2021 1.125% 10/31/2026
91282CDG3 275,000.00 AA+ Aaa 11/3/2021 11/4/2021 274,108.40 1.19 1,300.39 274,538.54 252,527.33 US TREASURY NOTESDTD 11/15/2016 2.000% 11/15/2026
912828U24 3,000,000.00 AA+ Aaa 1/31/2023 2/1/2023 2,811,445.31 3.80 22,747.25 2,869,388.73 2,816,250.00 US TREASURY NOTESDTD 11/30/2021 1.250% 11/30/2026
91282CDK4 300,000.00 AA+ Aaa 12/2/2021 12/7/2021 300,386.72 1.22 1,260.25 300,206.86 275,812.50 US TREASURY NOTESDTD 12/31/2021 1.250% 12/31/2026
91282CDQ1 325,000.00 AA+ Aaa 1/3/2022 1/6/2022 323,273.44 1.36 1,026.79 324,047.55 298,339.86 US TREASURY NOTESDTD 02/15/2017 2.250% 02/15/2027
912828V98 1,000,000.00 AA+ Aaa 2/6/2023 2/7/2023 938,828.13 3.91 2,843.41 956,276.06 941,250.00 US TREASURY NOTESDTD 02/15/2017 2.250% 02/15/2027
912828V98 5,000,000.00 AA+ Aaa 1/26/2023 1/27/2023 4,731,445.31 3.69 14,217.03 4,809,471.33 4,706,250.00 US TREASURY NOTESDTD 03/31/2022 2.500% 03/31/2027
91282CEF4 600,000.00 AA+ Aaa 4/14/2022 4/18/2022 592,851.56 2.76 40.98 595,674.56 568,031.28 US TREASURY NOTESDTD 04/30/2022 2.750% 04/30/2027
91282CEN7 325,000.00 AA+ Aaa 5/4/2022 5/6/2022 320,886.72 3.03 3,756.70 322,459.71 309,511.74 US TREASURY NOTESDTD 05/31/2022 2.625% 05/31/2027
91282CET4 375,000.00 AA+ Aaa 6/9/2022 6/10/2022 367,309.57 3.07 3,308.15 370,108.78 355,371.08 US TREASURY NOTESDTD 05/31/2022 2.625% 05/31/2027
91282CET4 350,000.00 AA+ Aaa 6/1/2022 6/6/2022 344,818.36 2.95 3,087.60 346,711.65 331,679.67 US TREASURY NOTESDTD 06/30/2022 3.250% 06/30/2027
91282CEW7 750,000.00 AA+ Aaa 6/1/2023 6/5/2023 733,623.05 3.83 6,160.71 736,940.32 724,335.90 US TREASURY NOTESDTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 625,000.00 AA+ Aaa 12/28/2022 12/29/2022 622,265.63 3.97 8,139.09 622,964.06 615,039.06 US TREASURY NOTESDTD 12/31/2022 3.875% 12/31/2027
91282CGC9 3,000,000.00 AA+ Aaa 1/26/2023 1/27/2023 3,035,507.81 3.61 29,381.87 3,027,020.67 2,952,187.50 US TREASURY NOTESDTD 01/31/2023 3.500% 01/31/2028
91282CGH8 2,000,000.00 AA+ Aaa 1/31/2023 2/1/2023 1,987,109.38 3.64 11,730.77 1,990,111.31 1,941,250.00 US TREASURY NOTESDTD 02/28/2023 4.000% 02/29/2028
91282CGP0 1,700,000.00 AA+ Aaa 12/8/2023 12/11/2023 1,684,128.91 4.24 5,913.04 1,685,282.42 1,680,343.75 US TREASURY NOTESDTD 05/31/2023 3.625% 05/31/2028
91282CHE4 1,000,000.00 AA+ Aaa 6/29/2023 6/30/2023 977,656.25 4.13 12,182.38 981,088.01 974,687.50 47 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 09/30/2023 4.625% 09/30/2028
91282CJA0 425,000.00 AA+ Aaa 10/2/2023 10/4/2023 423,572.27 4.70 53.71 423,698.77 431,109.38 US TREASURY N/B NOTESDTD 12/31/2023 3.750% 12/31/2028
91282CJR3 1,600,000.00 AA+ Aaa 1/4/2024 1/5/2024 1,584,062.50 3.97 15,164.84 1,584,757.24 1,566,000.00 US TREASURY N/B NOTESDTD 02/29/2024 4.250% 02/28/2029
91282CKD2 650,000.00 AA+ Aaa 3/19/2024 3/20/2024 648,121.09 4.32 2,402.17 648,132.22 650,914.03 Security Type Sub-Total 30,300,000.00 29,632,619.18 3.36 175,246.46 29,835,974.54 29,062,273.41 Supranational
INTL BK RECON & DEVELOP NOTESDTD 07/19/2022 3.125% 06/15/2027 459058KJ1 275,000.00 AAA Aaa 7/12/2022 7/19/2022 274,857.00 3.14 2,530.38 274,906.64 263,824.00 Security Type Sub-Total 275,000.00 274,857.00 3.14 2,530.38 274,906.64 263,824.00 Negotiable CD
TORONTO DOMINION BANK NY CERTDEPOSDTD 10/31/2022 5.600% 10/27/2025 89115B6K1 325,000.00 A A1 10/27/2022 10/31/2022 325,000.00 5.58 8,038.33 325,000.00 327,184.44 NORDEA BANK ABP NEW YORK CERTDEPOSDTD 11/03/2022 5.530% 11/03/2025 65558UYF3 325,000.00 AA- Aa3 11/2/2022 11/3/2022 325,000.00 5.53 7,388.69 325,000.00 325,126.43 NATIXIS NY BRANCH CERT DEPOSDTD 09/20/2023 5.610% 09/18/2026 63873QP65 500,000.00 A A1 9/18/2023 9/20/2023 500,000.00 5.61 15,115.83 500,000.00 507,295.00 CREDIT AGRICOLE CIB NY CERTDEPOSDTD 02/05/2024 4.760% 02/01/2027 22536DWD6 525,000.00 A+ Aa3 2/1/2024 2/5/2024 525,000.00 4.76 3,887.33 525,000.00 524,846.96 Security Type Sub-Total 1,675,000.00 1,675,000.00 5.32 34,430.18 1,675,000.00 1,684,452.83 Municipal
NJ TURNPIKE AUTHORITY TXBL REVBONDSDTD 02/04/2021 0.897% 01/01/2025 646140DN0 70,000.00 AA- A1 1/22/2021 2/4/2021 70,000.00 0.90 156.98 70,000.00 67,901.40 48 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Municipal
NY ST URBAN DEV CORP TXBL REVBONDSDTD 12/23/2020 0.870% 03/15/2025 650036DT0 340,000.00 NR NR 12/16/2020 12/23/2020 340,000.00 0.87 131.47 340,000.00 326,386.40 FL ST BOARD OF ADMIN TXBL REVBONDSDTD 09/16/2020 1.258% 07/01/2025 341271AD6 255,000.00 AA Aa3 9/3/2020 9/16/2020 255,000.00 1.26 801.98 255,000.00 243,127.20 CA ST MUNICIPAL BONDSDTD 03/15/2023 4.846% 03/01/2027
13063D3N6 265,000.00 AA- Aa2 3/9/2023 3/15/2023 265,000.00 4.85 1,070.16 265,000.00 267,517.50 Security Type Sub-Total 930,000.00 930,000.00 2.15 2,160.59 930,000.00 904,932.50 Joint Powers Authority
CAMP Pool 62,780.80 AAAm NR 62,780.80 0.00 62,780.80 62,780.80 Security Type Sub-Total 62,780.80 62,780.80 0.00 62,780.80 62,780.80 Federal Agency
FANNIE MAE NOTESDTD 04/24/2020 0.625% 04/22/2025
3135G03U5 290,000.00 AA+ Aaa 4/22/2020 4/24/2020 289,402.60 0.67 800.52 289,873.58 276,841.83 FREDDIE MAC NOTESDTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 395,000.00 AA+ Aaa 7/21/2020 7/23/2020 393,032.90 0.48 288.02 394,486.66 372,314.36 FANNIE MAE NOTESDTD 08/27/2020 0.375% 08/25/2025
3135G05X7 795,000.00 AA+ Aaa 8/25/2020 8/27/2020 791,279.40 0.47 298.13 793,957.66 746,253.78 FREDDIE MAC NOTESDTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 295,000.00 AA+ Aaa 9/23/2020 9/25/2020 294,112.05 0.44 24.58 294,737.12 276,261.60 Security Type Sub-Total 1,775,000.00 1,767,826.95 0.50 1,411.25 1,773,055.02 1,671,671.57 Corporate
BMW US CAPITAL LLC CORPORATENOTESDTD 08/12/2021 0.750% 08/12/2024 05565EBU8 70,000.00 A A2 8/9/2021 8/12/2021 69,993.70 0.75 71.46 69,999.24 69,112.61 49 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
BANK OF NY MELLON CORPDTD 10/24/2019 2.100% 10/24/2024
06406RAL1 110,000.00 A A1 1/21/2020 1/28/2020 110,484.00 2.00 1,007.42 110,057.60 107,906.37 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 02/06/2020 1.800% 02/06/2025 69371RQ66 80,000.00 A+ A1 10/22/2020 10/29/2020 83,608.80 0.73 220.00 80,718.99 77,657.44 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 02/07/2022 1.875% 02/07/2025 63743HFC1 45,000.00 A- A2 1/31/2022 2/7/2022 44,998.65 1.88 126.56 44,999.62 43,698.69 TOYOTA MOTOR CREDIT CORP CORPNOTESDTD 02/13/2020 1.800% 02/13/2025 89236TGT6 50,000.00 A+ A1 5/20/2020 5/26/2020 50,488.50 1.58 120.00 50,090.11 48,523.40 TOYOTA MOTOR CREDIT CORP CORPNOTESDTD 02/13/2020 1.800% 02/13/2025 89236TGT6 20,000.00 A+ A1 5/20/2020 5/26/2020 20,195.40 1.58 48.00 20,036.04 19,409.36

AMERICAN EXPRESS CO CORP
NOTES (CALLABLEDTD 03/04/2022 2.250% 03/04/2025
025816CQ0 85,000.00 BBB+ A2 3/1/2022 3/4/2022 84,914.15 2.29 143.44 84,973.60 82,592.38 HSBC USA INC CORPORATE NOTESDTD 03/17/2023 5.625% 03/17/2025 40428HVL3 275,000.00 A- A2 3/9/2023 3/17/2023 274,532.50 5.72 601.56 274,776.16 275,719.95 BURLINGTN NORTH SANTA FE CORPNOTES (CALDTD 03/09/2015 3.000% 04/01/2025 12189LAV3 110,000.00 AA- A3 3/5/2021 3/9/2021 118,429.30 1.07 1,650.00 111,662.88 107,570.54 BANK OF NY MELLON (CALLABLE)CORP NOTESDTD 04/24/2020 1.600% 04/24/2025 06406RAN7 115,000.00 A A1 3/11/2021 3/15/2021 117,725.50 1.01 802.44 115,661.91 110,654.84 CINTAS CORPORATION NO. 2 CORPNOTE (CALLDTD 05/03/2022 3.450% 05/01/2025 17252MAP5 70,000.00 A- A3 4/26/2022 5/3/2022 69,984.60 3.46 1,006.25 69,994.44 68,623.31 USAA CAPITAL CORP CORPORATENOTESDTD 05/26/2022 3.375% 05/01/2025 90327QD89 150,000.00 AA Aa1 5/23/2022 5/26/2022 149,509.50 3.49 2,109.38 149,819.10 147,191.25 CITIGROUP INC (CALLABLE)CORPORATE NOTESDTD 05/04/2021 0.981% 05/01/2025 172967MX6 125,000.00 BBB+ A3 4/27/2021 5/4/2021 125,000.00 0.98 510.94 125,000.00 124,354.50 50 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
JPMORGAN CHASE & CO (CALLABLE)CORP NOTEDTD 06/01/2021 0.824% 06/01/2025 46647PCH7 135,000.00 A- A1 5/24/2021 6/1/2021 135,000.00 0.82 370.80 135,000.00 133,817.81 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 05/04/2022 3.450% 06/15/2025 63743HFE7 30,000.00 A- A2 4/27/2022 5/4/2022 29,991.90 3.46 304.75 29,996.87 29,371.20 IBM CORP CORPORATE NOTESDTD 07/27/2022 4.000% 07/27/2025 459200KS9 240,000.00 A- A3 7/20/2022 7/27/2022 240,000.00 4.00 1,706.67 240,000.00 236,131.20 COLGATE-PALMOLIVE COCORPORATE NOTESDTD 08/09/2022 3.100% 08/15/2025 194162AM5 25,000.00 AA- Aa3 8/1/2022 8/9/2022 24,977.00 3.13 99.03 24,989.54 24,401.15 WALMART INC CORPORATE NOTESDTD 09/09/2022 3.900% 09/09/2025 931142EW9 125,000.00 AA Aa2 9/6/2022 9/9/2022 124,912.50 3.93 297.92 124,958.01 123,280.88 NESTLE HOLDINGS INC CORP NOTEDTD 09/13/2022 4.000% 09/12/2025 641062BA1 150,000.00 AA- Aa3 9/6/2022 9/13/2022 149,950.50 4.01 316.67 149,976.09 147,729.90 HOME DEPOT INC NOTES (CALLABLE)DTD 09/19/2022 4.000% 09/15/2025 437076CR1 35,000.00 A A2 9/12/2022 9/19/2022 34,987.40 4.01 62.22 34,993.86 34,494.29 LOCKHEED MARTIN CORP NOTES(CALLABLE)DTD 10/24/2022 4.950% 10/15/2025 539830BU2 55,000.00 A- A2 10/19/2022 10/24/2022 54,843.25 5.05 1,255.38 54,918.96 54,924.60 PNC FINANCIAL SERVICES CORPNOTE (CALLABDTD 10/28/2022 5.671% 10/28/2025 693475BH7 105,000.00 A- A3 10/25/2022 10/28/2022 105,000.00 5.67 2,530.68 105,000.00 104,981.52 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 10/31/2022 5.450% 10/30/2025 63743HFF4 30,000.00 A- A2 10/20/2022 10/31/2022 29,959.80 5.50 685.79 29,978.82 30,094.98 LINDE INC/CT CORPORATE NOTES(CALLABLE)DTD 12/05/2022 4.700% 12/05/2025 53522KAB9 225,000.00 A A2 11/28/2022 12/5/2022 224,757.00 4.74 3,407.50 224,864.09 223,884.00 NATIONAL AUSTRALIA BK/NYCORPORATE NOTESDTD 01/12/2023 4.966% 01/12/2026 63253QAA2 305,000.00 AA- Aa2 1/4/2023 1/12/2023 305,000.00 4.97 3,323.77 305,000.00 304,146.31 CITIGROUP INC CORP NOTES(CALLABLE)DTD 01/25/2022 2.014% 01/25/2026 17327CAN3 60,000.00 BBB+ A3 1/18/2022 1/25/2022 60,000.00 2.01 221.54 60,000.00 58,176.18 51 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
STATE STREET CORP NOTES(CALLABLE)DTD 01/26/2023 4.857% 01/26/2026 857477BZ5 50,000.00 A A1 1/23/2023 1/26/2023 50,000.00 4.86 438.48 50,000.00 49,711.90 STATE STREET CORP (CALLABLE)CORPORATE NDTD 02/07/2022 1.746% 02/06/2026 857477BR3 75,000.00 A A1 2/2/2022 2/7/2022 75,000.00 1.75 200.06 75,000.00 72,394.05 GOLDMAN SACHS GROUP INC CORPNOTES (CALLDTD 02/12/2021 0.855% 02/12/2026 38141GXS8 140,000.00 BBB+ A2 2/12/2021 2/17/2021 140,285.60 0.81 162.93 140,062.18 133,862.26 PEPSICO INC CORP NOTES(CALLABLE)DTD 02/15/2023 4.550% 02/13/2026 713448FQ6 295,000.00 A+ A1 2/13/2023 2/15/2023 294,828.90 4.57 1,789.67 294,893.18 293,297.85 JPMORGAN CHASE & CO CORPNOTES (CALLABLEDTD 02/24/2022 2.595% 02/24/2026 46647PCV6 100,000.00 A- A1 2/16/2022 2/24/2022 100,000.00 2.60 266.71 100,000.00 97,491.10 COMMONWEALTH BK AUSTR NYCORPORATE NOTESDTD 03/13/2023 5.316% 03/13/2026 20271RAR1 500,000.00 AA- Aa3 3/6/2023 3/13/2023 500,000.00 5.32 1,329.00 500,000.00 502,385.50 NATIONAL RURAL UTIL COOP CORPNOTES (CALDTD 02/09/2023 4.450% 03/13/2026 63743HFH0 65,000.00 A- A2 2/2/2023 2/9/2023 64,953.85 4.47 144.63 64,970.91 64,323.87 CITIGROUP INC CORP NOTES(CALLABLE)DTD 03/17/2022 3.290% 03/17/2026 172967NL1 65,000.00 BBB+ A3 3/10/2022 3/17/2022 65,000.00 3.29 83.16 65,000.00 63,408.15 STATE STREET CORP NOTES(CALLABLE)DTD 10/29/2020 2.901% 03/30/2026 857477BM4 200,000.00 A A1 2/17/2022 2/22/2022 204,026.00 2.38 16.12 201,291.02 194,703.00 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 03/30/2023 4.450% 03/30/2026 69371RS49 350,000.00 A+ A1 3/27/2023 3/30/2023 349,765.50 4.47 43.26 349,844.24 346,756.20 JPMORGAN CHASE & CO (CALLABLE)CORPORATEDTD 04/26/2022 4.080% 04/26/2026 46647PCZ7 100,000.00 A- A1 4/19/2022 4/26/2022 100,000.00 4.08 1,756.67 100,000.00 98,375.50 UNITEDHEALTH GROUP INC(CALLABLE) CORPORDTD 05/19/2021 1.150% 05/15/2026 91324PEC2 250,000.00 A+ A2 5/17/2021 5/19/2021 249,565.00 1.19 1,086.11 249,815.21 230,865.00 52 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate

AMERICAN HONDA FINANCE
CORPORATE NOTESDTD 07/07/2023 5.250% 07/07/2026
02665WEK3 155,000.00 A- A3 7/5/2023 7/7/2023 154,809.35 5.29 1,898.75 154,856.14 155,500.50 MORGAN STANLEY CORP NOTESDTD 07/25/2016 3.125% 07/27/2026 61761J3R8 175,000.00 A- A1 12/2/2021 12/6/2021 184,782.50 1.86 972.22 179,891.25 167,554.10 TRUIST FIN CORP NOTES (CALLABLE)DTD 07/28/2022 4.260% 07/28/2026 89788MAH5 105,000.00 A- A3 7/25/2022 7/28/2022 105,000.00 4.26 782.78 105,000.00 103,245.56 STATE STREET CORP NOTES(CALLABLE)DTD 08/03/2023 5.272% 08/03/2026 857477CD3 195,000.00 A A1 7/31/2023 8/3/2023 195,000.00 5.27 1,656.29 195,000.00 195,642.14 WELLS FARGO BANK NA BANKNOTES (CALLABLEDTD 08/09/2023 5.450% 08/07/2026 94988J6D4 250,000.00 A+ Aa2 8/3/2023 8/9/2023 249,782.50 5.48 2,043.75 249,829.42 251,155.25 TOYOTA MOTOR CREDIT CORPCORPORATE NOTESDTD 08/14/2023 5.000% 08/14/2026 89236TKX2 275,000.00 A+ A1 8/9/2023 8/14/2023 274,667.25 5.04 1,795.14 274,737.38 274,858.93 HERSHEY COMPANY CORP NOTES(CALLABLE)DTD 08/09/2016 2.300% 08/15/2026 427866AX6 350,000.00 A A1 1/26/2023 1/30/2023 326,788.00 4.34 1,028.61 334,453.53 329,725.55 BANK OF AMERICA NA CORPORATENOTESDTD 08/18/2023 5.526% 08/18/2026 06428CAA2 450,000.00 A+ Aa1 8/14/2023 8/18/2023 450,000.00 5.53 2,970.23 450,000.00 454,272.75 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 09/08/2023 5.150% 09/08/2026 24422EXD6 300,000.00 A A1 9/5/2023 9/8/2023 299,787.00 5.18 987.08 299,824.67 301,377.90 BANK OF AMERICA CORP(CALLABLE) CORPORATDTD 10/21/2020 1.197% 10/24/2026 06051GJK6 225,000.00 A- A1 12/2/2021 12/6/2021 219,908.25 1.68 1,174.56 222,327.05 210,619.80 TRUIST FINANCIAL CORP NOTES(CALLABLE)DTD 10/28/2022 5.900% 10/28/2026 89788MAJ1 110,000.00 A- A3 10/26/2022 10/28/2022 110,000.00 5.90 2,758.25 110,000.00 110,487.30 STATE STREET CORP NOTES(CALLABLE)DTD 11/04/2022 5.751% 11/04/2026 857477BX0 45,000.00 A A1 11/1/2022 11/4/2022 45,000.00 5.75 1,056.75 45,000.00 45,222.44 53 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
PEPSICO INC CORPORATE NOTES(CALLABLE)DTD 11/10/2023 5.125% 11/10/2026 713448FW3 60,000.00 A+ A1 11/8/2023 11/10/2023 59,983.80 5.13 1,204.38 59,985.78 60,429.06 NATIONAL RURAL COOP CORPORATENOTES (CALDTD 11/02/2023 5.600% 11/13/2026 63743HFK3 115,000.00 A- A2 10/30/2023 11/2/2023 114,959.75 5.61 2,665.45 114,964.87 116,478.56 ROCHE HOLDINGS INC CORP NOTE(CALLABLE)DTD 11/13/2023 5.265% 11/13/2026 771196CE0 255,000.00 AA Aa2 11/6/2023 11/13/2023 255,000.00 5.27 5,146.54 255,000.00 256,586.87 CITIBANK NA CORP NOTES(CALLABLE)DTD 12/04/2023 5.488% 12/04/2026 17325FBC1 250,000.00 A+ Aa3 11/27/2023 12/4/2023 250,000.00 5.49 4,459.00 250,000.00 252,358.25 JP MORGAN CORP NOTES(CALLABLE)DTD 12/08/2023 5.110% 12/08/2026 48125LRU8 400,000.00 A+ Aa2 12/5/2023 12/8/2023 400,000.00 5.11 6,415.89 400,000.00 400,364.00 WELLS FARGO CORP NOTES(CALLABLE)DTD 12/11/2023 5.254% 12/11/2026 94988J6F9 400,000.00 A+ Aa2 12/4/2023 12/11/2023 400,000.00 5.25 6,421.56 400,000.00 401,505.60

AMERICAN HONDA FINANCE
CORPORATE NOTESDTD 01/10/2020 2.350% 01/08/2027
02665WDJ7 250,000.00 A- A3 2/6/2023 2/8/2023 230,772.50 4.51 1,354.51 236,392.85 233,487.50 TARGET CORP CORP NOTES(CALLABLE)DTD 01/24/2022 1.950% 01/15/2027 87612EBM7 155,000.00 A A2 1/28/2022 2/1/2022 154,446.65 2.03 638.08 154,688.30 143,841.70 TARGET CORP CORP NOTES(CALLABLE)DTD 01/24/2022 1.950% 01/15/2027 87612EBM7 45,000.00 A A2 1/19/2022 1/24/2022 44,923.50 1.99 185.25 44,957.10 41,760.50 PNC FINANCIAL SERVICES CORPNOTES (CALLADTD 01/24/2023 4.758% 01/26/2027 693475BL8 40,000.00 A- A3 1/19/2023 1/24/2023 40,000.00 4.76 343.63 40,000.00 39,525.76 MORGAN STANLEY CORPORATENOTES (CALLABLEDTD 01/19/2023 5.050% 01/28/2027 61747YEZ4 200,000.00 A- A1 1/17/2023 1/19/2023 199,996.00 5.05 1,767.50 199,997.19 199,057.40 TEXAS INSTRUMENTS CORP NOTES(CALLABLE)DTD 02/08/2024 4.600% 02/08/2027 882508CE2 310,000.00 A+ Aa3 2/5/2024 2/8/2024 309,801.60 4.62 2,099.39 309,810.61 309,300.95 54 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
ELI LILLY & CO CORPORATE NOTESDTD 02/09/2024 4.500% 02/09/2027 532457CJ5 270,000.00 A+ A1 2/7/2024 2/9/2024 269,856.90 4.52 1,755.00 269,863.29 268,184.79 BRISTOL-MYERS SQUIBB CORPNOTES (CALLABLDTD 02/22/2024 4.900% 02/22/2027 110122EE4 95,000.00 A A2 2/14/2024 2/22/2024 94,897.40 4.94 504.29 94,900.81 94,882.01

ASTRAZENECA FINANCE LLC CORP
NOTES (CALLDTD 02/26/2024 4.800% 02/26/2027
04636NAK9 175,000.00 A A2 2/21/2024 2/26/2024 174,706.00 4.86 816.67 174,714.78 174,569.33 CISCO SYSTEMS INC CORPORATENOTES (CALLADTD 02/26/2024 4.800% 02/26/2027 17275RBQ4 305,000.00 AA- A1 2/21/2024 2/26/2024 304,603.50 4.85 1,423.33 304,615.34 305,286.70 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 03/07/2022 2.350% 03/08/2027 24422EWD7 125,000.00 A A1 3/8/2022 3/10/2022 124,690.00 2.40 187.67 124,817.98 116,565.13 STATE STREET CORP NOTE(CALLABLE)DTD 03/18/2024 4.993% 03/18/2027 857477CL5 210,000.00 A NR 3/13/2024 3/18/2024 210,000.00 4.99 378.64 210,000.00 210,438.27 HORMEL FOODS CORP CORPORATENOTES (CALLADTD 03/08/2024 4.800% 03/30/2027 440452AK6 150,000.00 A- A1 3/5/2024 3/8/2024 149,854.50 4.83 460.00 149,857.41 149,818.35 BMW US CAPITAL LLC (CALLABLE)CORP NOTESDTD 04/01/2022 3.450% 04/01/2027 05565ECA1 150,000.00 A A2 4/1/2022 4/5/2022 150,480.00 3.38 2,587.50 150,285.16 143,698.50 BANK OF NY MELLON CORP NOTES(CALLABLE)DTD 04/26/2023 4.947% 04/26/2027 06406RBQ9 325,000.00 A A1 4/19/2023 4/26/2023 325,000.00 4.95 6,922.36 325,000.00 323,213.48 NORTHERN TRUST CORP NOTE(CALLABLE)DTD 05/10/2022 4.000% 05/10/2027 665859AW4 150,000.00 A+ A2 5/11/2022 5/13/2022 151,750.50 3.74 2,350.00 151,077.83 146,037.15

APPLE INC CORP NOTES (CALLABLE)
DTD 05/11/2017 3.200% 05/11/2027
037833CR9 250,000.00 AA+ Aaa 5/23/2022 5/25/2022 247,552.50 3.42 3,111.11 248,466.94 239,088.50 INTEL CORP NOTES (CALLABLE)DTD 08/05/2022 3.750% 08/05/2027 458140BY5 225,000.00 A- A3 8/5/2022 8/9/2022 224,340.75 3.82 1,312.50 224,558.21 217,355.18 HOME DEPOT INC CORP NOTES(CALLABLE)DTD 09/14/2017 2.800% 09/14/2027 437076BT8 250,000.00 A A2 2/6/2023 2/8/2023 234,095.00 4.34 330.56 238,054.67 234,941.25 55 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
CITIGROUP INC CORP (CALLABLE)NOTESDTD 01/10/2017 3.887% 01/10/2028 172967LD1 175,000.00 BBB+ A3 6/12/2023 6/14/2023 165,800.25 5.19 1,530.51 167,407.87 168,423.85 TEXAS INSTRUMENTS INC CORPNOTE (CALLABLDTD 11/18/2022 4.600% 02/15/2028 882508BV5 115,000.00 A+ Aa3 5/11/2023 5/18/2023 117,764.60 4.04 675.94 117,246.74 114,870.97 HONEYWELL INTL CORP NOTES(CALLABLE)DTD 11/02/2022 4.950% 02/15/2028 438516CJ3 225,000.00 A A2 6/1/2023 6/5/2023 231,572.25 4.26 1,423.13 230,398.22 227,269.13 WELLS FARGO CORP NOTES(CALLABLE)DTD 03/24/2022 3.526% 03/24/2028 95000U2V4 250,000.00 BBB+ A1 6/1/2023 6/5/2023 235,302.50 4.91 171.40 237,824.70 238,058.25 JPMORGAN CHASE & CORP NOTES(CALLABLE)DTD 04/25/2017 3.540% 05/01/2028 46647PAF3 250,000.00 A- A1 6/12/2023 6/14/2023 234,055.00 5.03 3,687.50 236,666.30 238,511.25 HERSHEY COMPANY CORP NOTESCALLABLEDTD 05/04/2023 4.250% 05/04/2028 427866BH0 325,000.00 A A1 5/8/2023 5/10/2023 326,979.25 4.11 5,640.10 326,617.88 321,280.05 GENERAL DYNAMICS CORP NOTES(CALLABLE)DTD 05/11/2018 3.750% 05/15/2028 369550BC1 275,000.00 A- A3 6/1/2023 6/5/2023 266,582.25 4.45 3,895.83 267,985.21 265,346.68 MERCEDES-BENZ FIN NACORPORATE NOTESDTD 08/03/2023 5.100% 08/03/2028 58769JAL1 475,000.00 A A2 8/21/2023 8/23/2023 469,015.00 5.39 3,902.92 469,750.29 475,792.78 BMW US CAPITAL LLC CORP NOTES(CALLABLE)DTD 08/11/2023 5.050% 08/11/2028 05565ECE3 300,000.00 A A2 8/11/2023 8/15/2023 297,564.00 5.24 2,104.17 297,871.34 301,931.10 COOPERAT RABOBANK UA/NYDTD 01/09/2024 4.800% 01/09/2029 21688ABC5 350,000.00 A+ Aa2 1/17/2024 1/19/2024 349,688.50 4.82 3,826.67 349,699.69 346,563.35 NATIONAL RURAL UTIL COOP CORPNOTES (CALDTD 02/05/2024 4.850% 02/07/2029 63743HFN7 275,000.00 A- A2 2/7/2024 2/9/2024 275,178.75 4.84 2,074.73 275,174.12 274,808.60 56 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate

AIR PRODUCTS & CHEMICALS CORP
NOTES (CALDTD 02/08/2024 4.600% 02/08/2029
009158BH8 350,000.00 A A2 2/8/2024 2/12/2024 349,751.50 4.62 2,370.28 349,757.49 347,364.15 Security Type Sub-Total 16,175,000.00 16,089,158.35 4.32 135,585.37 16,097,671.08 15,934,680.21 Agency CMBS
FHMS K047 A2DTD 07/30/2015 3.329% 05/01/2025
3137BKRJ1 300,000.00 AA+ Aaa 5/19/2022 5/24/2022 301,921.88 3.10 832.25 300,707.50 293,889.89 FHLMC SERIES K049 A2DTD 10/01/2015 3.010% 07/01/2025
3137BLMZ8 325,000.00 AA+ Aaa 8/11/2022 8/16/2022 320,416.99 3.53 815.21 323,009.66 316,582.86 FHMS K052 A1DTD 12/01/2015 3.308% 09/01/2025
3137BM7C4 150,000.00 AA+ Aaa 8/5/2022 8/10/2022 148,910.16 3.56 413.50 149,495.05 146,308.02 FHMS K052 A2DTD 02/10/2016 3.151% 11/01/2025
3137BMTX4 250,000.00 AA+ Aaa 7/21/2022 7/26/2022 247,109.38 3.53 656.46 248,598.27 242,964.90 FHMS K053 A2DTD 03/29/2016 2.995% 12/01/2025
3137BN6G4 250,000.00 AA+ Aaa 8/4/2022 8/9/2022 247,119.14 3.36 623.96 248,550.05 242,085.67 FHMS K054 A2DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 275,000.00 AA+ Aaa 4/11/2023 4/14/2023 263,613.28 4.37 629.06 267,661.13 264,859.26 FHMS K054 A2DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 250,000.00 AA+ Aaa 3/1/2023 3/6/2023 235,429.69 4.96 571.88 240,964.15 240,781.15 FNA 2016-M3 A2DTD 03/31/2016 2.702% 02/01/2026
3136ARTE8 170,495.27 AA+ Aaa 10/6/2022 10/12/2022 160,851.65 4.55 383.90 165,138.59 163,836.54 FHMS K057 A2DTD 09/28/2016 2.570% 07/01/2026
3137BRQJ7 300,000.00 AA+ Aaa 5/18/2023 5/23/2023 285,257.81 4.26 642.50 289,336.27 286,129.72 FHMS K736 A2DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 400,000.00 AA+ Aaa 10/5/2023 10/11/2023 371,140.63 5.13 760.67 376,163.44 379,541.20 FHMS K058 A2DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 450,000.00 AA+ Aaa 4/12/2023 4/17/2023 429,521.48 4.14 994.88 435,484.44 428,353.49 FHMS K061 A2DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 238,230.79 AA+ Aaa 5/19/2023 5/24/2023 230,897.74 4.31 664.47 232,723.71 230,029.45 FHMS K063 A2DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 700,000.00 AA+ Aaa 5/18/2023 5/23/2023 679,765.63 4.30 2,000.83 684,582.61 676,484.77 57 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Agency CMBS
FHLMC MULTIFAMILY STRUCTURED PDTD 07/01/2017 3.243% 04/01/2027 3137F1G44 600,000.00 AA+ Aaa 6/12/2023 6/15/2023 573,585.94 4.51 1,621.50 579,131.75 575,697.10 FNA 2017-M12 A2DTD 10/30/2017 3.060% 06/01/2027
3136AX7E9 255,311.39 AA+ Aaa 8/24/2023 8/29/2023 238,706.16 5.07 651.01 241,320.39 243,850.89 FNA 2017-M15 A2DTD 12/29/2017 2.960% 09/01/2027
3136AY6X6 358,025.85 AA+ Aaa 8/24/2023 8/29/2023 333,397.58 4.96 883.24 337,031.26 340,697.99 FHMS K743 A2DTD 06/30/2021 1.770% 05/01/2028
3137H14B9 500,000.00 AA+ Aaa 8/10/2023 8/15/2023 437,617.19 4.73 737.50 445,954.23 446,260.14 FHMS K505 A2DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 700,000.00 AA+ Aaa 7/13/2023 7/20/2023 706,991.60 4.59 2,811.08 705,984.94 702,037.53 FNA 2023-M6 A2DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 550,000.00 AA+ Aaa 8/22/2023 8/25/2023 529,203.13 5.07 1,920.42 531,785.13 539,097.82 FHMS K508 A2DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 650,000.00 AA+ Aaa 10/11/2023 10/19/2023 635,741.60 5.26 2,567.50 636,939.57 650,072.98 FHMS KJ47 A1DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 282,776.58 AA+ Aaa 9/19/2023 9/28/2023 282,775.16 5.27 1,242.33 282,775.30 286,266.41 FHMS K506 A2DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 650,000.00 AA+ Aaa 9/7/2023 9/14/2023 640,384.55 4.99 2,518.75 641,350.00 647,998.35 FHMS K509 A2DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 450,000.00 AA+ Aaa 10/25/2023 10/31/2023 435,652.65 5.60 1,818.75 436,748.95 452,178.18 FHMS K511 A2DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 360,000.00 AA+ Aaa 11/28/2023 12/7/2023 358,965.72 4.93 1,458.00 359,026.55 362,039.24 FHMS K510 A2DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 235,000.00 AA+ Aaa 11/14/2023 11/21/2023 234,320.62 5.14 992.68 234,365.48 238,219.73 FHMS K512 A2DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 265,000.00 AA+ Aaa 12/11/2023 12/21/2023 267,474.57 4.78 1,104.17 267,347.34 268,023.45 FHMS K514 A2DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 330,000.00 AA+ Aaa 2/1/2024 2/8/2024 333,299.67 4.34 1,257.30 333,209.03 328,198.79 Security Type Sub-Total 10,244,839.88 9,930,071.60 4.62 31,573.80 9,995,384.79 9,992,485.52 58 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
CARMX 2020-4 A3DTD 10/21/2020 0.500% 08/15/2025
14316HAC6 5,726.62 AAA NR 10/14/2020 10/21/2020 5,725.36 0.50 1.27 5,726.26 5,700.44 HART 2021-A A3DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 11,038.01 AAA NR 4/20/2021 4/28/2021 11,036.85 0.38 1.86 11,037.62 10,945.95 KCOT 2021-2A A3DTD 07/28/2021 0.560% 11/17/2025
50117XAE2 61,061.14 NR Aaa 7/20/2021 7/28/2021 61,058.83 0.56 15.20 61,060.27 59,732.54 CARMX 2021-1 A3DTD 01/27/2021 0.340% 12/15/2025
14316NAC3 6,024.31 AAA NR 1/20/2021 1/27/2021 6,023.11 0.34 0.91 6,023.89 5,944.79 CARMX 2021-2 A3DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 31,040.41 AAA NR 4/13/2021 4/21/2021 31,033.71 0.52 7.17 31,037.80 30,532.38 TAOT 2021-D A3DTD 11/15/2021 0.710% 04/15/2026
89238JAC9 55,886.78 AAA NR 11/9/2021 11/15/2021 55,885.58 0.71 17.64 55,886.23 54,424.30 HART 2021-C A3DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 39,914.89 AAA NR 11/9/2021 11/17/2021 39,905.98 0.75 13.13 39,910.68 39,035.48 CARMX 2021-3 A3DTD 07/28/2021 0.550% 06/15/2026
14317DAC4 71,854.83 AAA Aaa 7/21/2021 7/28/2021 71,843.00 0.55 17.56 71,849.49 69,919.71 VALET 2021-1 A3DTD 12/13/2021 1.020% 06/22/2026
92868KAC7 64,405.92 AAA Aaa 12/7/2021 12/13/2021 64,403.39 1.02 20.07 64,404.68 62,937.46 DCENT 2021-A1 A1DTD 09/27/2021 0.580% 09/15/2026
254683CP8 95,000.00 AAA Aaa 9/20/2021 9/27/2021 94,979.66 0.58 24.49 94,989.94 92,894.50 COPAR 2021-1 A3DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 55,749.34 AAA Aaa 10/19/2021 10/27/2021 55,748.29 0.77 19.08 55,748.81 54,159.95 GMCAR 2021-4 A3DTD 10/21/2021 0.680% 09/16/2026
362554AC1 46,737.06 AAA Aaa 10/13/2021 10/21/2021 46,735.87 0.68 13.24 46,736.46 45,382.49 HART 2022-A A3DTD 03/16/2022 2.220% 10/15/2026
448977AD0 148,170.64 AAA NR 3/9/2022 3/16/2022 148,164.93 2.22 146.20 148,167.48 145,035.41 WOART 2021-D A3DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 66,829.14 AAA NR 10/26/2021 11/3/2021 66,820.05 0.81 24.06 66,824.48 65,101.39 KCOT 2022-1A A3DTD 03/23/2022 2.670% 10/15/2026
50117EAC8 170,000.00 NR Aaa 3/15/2022 3/23/2022 169,975.69 2.67 201.73 169,986.48 166,014.69 GMCAR 2022-1 A3DTD 01/19/2022 1.260% 11/16/2026
380146AC4 51,496.68 AAA NR 1/11/2022 1/19/2022 51,492.20 1.26 27.04 51,494.24 50,123.77 CHAIT 2024-A1 ADTD 01/31/2024 4.600% 01/15/2027
161571HV9 520,000.00 AAA NR 1/24/2024 1/31/2024 519,920.80 4.61 1,063.11 519,925.05 517,264.70 59 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
HDMOT 2022-A A3DTD 04/20/2022 3.060% 02/15/2027
41284YAD8 125,218.27 AAA Aaa 4/12/2022 4/20/2022 125,197.42 3.06 170.30 125,205.85 123,169.14 COMET 2022-A1 A1DTD 03/30/2022 2.800% 03/15/2027
14041NFZ9 325,000.00 AAA NR 3/23/2022 3/30/2022 324,975.50 2.80 404.44 324,985.42 317,258.63 HART 2023-A A3DTD 04/12/2023 4.580% 04/15/2027
448979AD6 220,000.00 AAA NR 4/4/2023 4/12/2023 219,978.53 4.58 447.82 219,983.74 217,974.20 KCOT 2023-1A A3DTD 03/31/2023 5.020% 06/15/2027
50117KAC4 240,000.00 NR Aaa 3/28/2023 3/31/2023 239,962.44 5.02 535.47 239,971.41 239,114.04 HART 2022-C A3DTD 11/09/2022 5.390% 06/15/2027
44933DAD3 185,000.00 AAA NR 11/1/2022 11/9/2022 184,999.11 5.39 443.18 184,999.38 185,145.00 MBART 2022-1 A3DTD 11/22/2022 5.210% 08/16/2027
58768PAC8 265,000.00 AAA Aaa 11/15/2022 11/22/2022 264,947.58 5.21 613.62 264,962.63 264,491.20 CARMX 2022-4 A3DTD 10/31/2022 5.340% 08/16/2027
14318UAD3 195,000.00 AAA NR 10/26/2022 10/31/2022 194,954.27 5.35 462.80 194,967.81 195,119.09 MBART 2023-1 A3DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 135,000.00 AAA NR 1/18/2023 1/25/2023 134,983.80 4.51 270.60 134,987.79 133,471.83 HDMOT 2023-A A3DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 230,000.00 NR Aaa 2/13/2023 2/23/2023 229,976.84 5.05 516.22 229,982.16 229,442.87 KCOT 2023-2A A3DTD 07/26/2023 5.280% 01/18/2028
500945AC4 175,000.00 NR Aaa 7/18/2023 7/26/2023 174,955.80 5.29 410.67 174,962.55 175,454.95 FORDO 2023-A A3DTD 03/31/2023 4.650% 02/15/2028
344928AD8 180,000.00 AAA NR 3/28/2023 3/31/2023 179,981.23 4.65 372.00 179,985.10 178,431.16 TAOT 2023-B A3DTD 05/23/2023 4.710% 02/15/2028
891941AD8 270,000.00 NR Aaa 5/16/2023 5/23/2023 269,984.91 4.71 565.20 269,987.65 268,219.94 BAAT 2023-1A A3DTD 07/31/2023 5.530% 02/15/2028
06428AAC2 235,000.00 NR Aaa 7/25/2023 7/31/2023 234,991.09 5.53 577.58 234,992.41 235,925.34 GMCAR 2023-2 A3DTD 04/12/2023 4.470% 02/16/2028
362583AD8 180,000.00 AAA Aaa 4/4/2023 4/12/2023 179,995.05 4.47 335.25 179,996.04 178,271.77 BMWOT 2023-A A3DTD 07/18/2023 5.470% 02/25/2028
05592XAD2 115,000.00 AAA NR 7/11/2023 7/18/2023 114,979.62 5.47 104.84 114,982.74 115,557.04 DCENT 2023-A1 ADTD 04/11/2023 4.310% 03/15/2028
254683CY9 225,000.00 NR Aaa 4/4/2023 4/11/2023 224,986.95 4.31 431.00 224,989.53 222,060.83 HART 2023-B A3DTD 07/19/2023 5.480% 04/17/2028
44933XAD9 140,000.00 AAA NR 7/11/2023 7/19/2023 139,993.92 5.48 340.98 139,994.82 140,805.63 60 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 250,000.00 NR Aaa 7/11/2023 7/19/2023 249,957.38 5.46 606.67 249,963.60 250,871.83 USAOT 2023-A A3DTD 09/15/2023 5.580% 05/15/2028
90291VAC4 520,000.00 AAA Aaa 9/7/2023 9/15/2023 519,909.00 5.58 1,289.60 519,918.46 523,663.04 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 255,000.00 AAA NR 6/7/2023 6/14/2023 254,977.38 4.87 551.93 254,981.06 251,945.97 BACCT 2023-A1 A1DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 230,000.00 AAA NR 6/8/2023 6/16/2023 229,947.93 4.79 489.64 229,956.34 228,811.22 COMET 2023-A1 ADTD 05/24/2023 4.420% 05/15/2028
14041NGD7 415,000.00 AAA NR 5/17/2023 5/24/2023 414,904.84 4.43 815.24 414,921.22 409,681.98 FORDO 2023-B A3DTD 06/26/2023 5.230% 05/15/2028
344930AD4 200,000.00 AAA NR 6/21/2023 6/26/2023 199,997.30 5.23 464.89 199,997.72 200,472.62 BAAT 2023-2A A3DTD 11/21/2023 5.740% 06/15/2028
06054YAC1 460,000.00 NR Aaa 11/15/2023 11/21/2023 459,991.67 5.74 1,173.51 459,992.25 465,682.09 DCENT 2023-A2 ADTD 06/28/2023 4.930% 06/15/2028
254683CZ6 455,000.00 AAA Aaa 6/21/2023 6/28/2023 454,938.53 4.93 996.96 454,947.95 454,135.45 GMCAR 2023-3 A3DTD 07/19/2023 5.450% 06/16/2028
36267KAD9 140,000.00 AAA Aaa 7/11/2023 7/19/2023 139,994.60 5.45 317.92 139,995.37 140,570.16 HAROT 2023-4 A3DTD 11/08/2023 5.670% 06/21/2028
438123AC5 115,000.00 NR Aaa 11/1/2023 11/8/2023 114,979.75 5.67 181.13 114,981.29 116,438.51 KCOT 2024-1A A3DTD 02/21/2024 5.190% 07/17/2028
50117BAC4 195,000.00 NR Aaa 2/14/2024 2/21/2024 194,992.38 5.19 449.80 194,992.55 195,216.91 TAOT 2023-D A3DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 130,000.00 AAA NR 11/7/2023 11/14/2023 129,985.99 5.54 320.09 129,986.98 131,342.32 FITAT 2023-1 A3DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 475,000.00 AAA Aaa 8/15/2023 8/23/2023 474,970.55 5.53 1,167.44 474,974.14 478,127.31 HDMOT 2023-B A3DTD 09/27/2023 5.690% 08/15/2028
41285YAC9 465,000.00 AAA Aaa 9/20/2023 9/27/2023 464,894.86 5.70 1,175.93 464,904.57 470,246.69 GMCAR 2023-4 A3DTD 10/11/2023 5.780% 08/16/2028
379930AD2 215,000.00 AAA Aaa 10/3/2023 10/11/2023 214,955.84 5.78 517.79 214,959.63 218,055.97 HART 2023-C A3DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 200,000.00 AAA NR 11/3/2023 11/13/2023 199,973.70 5.54 492.44 199,975.51 202,136.54 BACCT 2023-A2 A2DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 230,000.00 NR Aaa 12/7/2023 12/14/2023 229,969.11 4.98 509.07 229,970.78 230,790.86 61 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
WFCIT 2024-A1 ADTD 03/01/2024 4.940% 02/15/2029
92970QAA3 650,000.00 AAA Aaa 2/21/2024 3/1/2024 649,823.59 4.95 2,675.83 649,826.30 650,939.40 Security Type Sub-Total 10,541,154.04 10,539,761.76 4.70 22,811.61 10,539,992.61 10,514,191.48 Managed Account Sub Total 71,915,993.92 70,839,294.84 405,749.64 70,028,511.52Securities Sub TotalAccrued Interest $71,978,774.72 $70,902,075.64 $405,749.64 $70,091,292.32 $405,749.64
71,121,984.68
$71,184,765.48

3.92 3.92%
Total Investments $70,497,041.96
62 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Appendix
|
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bankis a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sourcesexternal to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers arefor illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion ofthe strategy rated by a NRSRO.It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any salescharges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to belower than the performance shown.The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast,projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion asof the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actualevents occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and datapresented are not necessarily indicative of future events or expected performance.For more information regarding PFMAM's services or entities, please visit www.pfmam.com.© 2023 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 63 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Appendix
|
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buyor sell any fund or other security. Investors should consider the Trust's investment objectives, risks, charges, and expenses before investing in the Trust. This and otherinformation about the Trust is available in the Trust's current Information Sheet, which should be read carefully before investing. A copy of the Trust's information Statement may be available by calling 1-800-729-7665 or is available on the Trust's website at www.camponline.com. While the Cash Reserve Portfolio seeks tomaintain a stable net asset value of $1.00 per share and the CAMP TERM Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any othergovernment agency. Shares of the Trust are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) andSecurities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.

Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimatedmarket value.

In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.

Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is showngross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.

Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets.Money market fund/cash balances are included in performance and duration computations.Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.MBS maturities are represented by expected average life. 64 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Appendix
|
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.Agencies: Federal agency securities and/or Government-sponsored enterprises.Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.

Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.

Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector addedor subtracted from the overall portfolio performance.Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compoundingon investment returns, while nominal yield does not.FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.Interest Rate: Interest per year divided by principal amount and expressed as a percentage.Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.Maturity: The date upon which the principal or stated value of an investment becomes due and payable.Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.Par Value: The nominal dollar face amount of a security.Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is themortgage-backed security. 65 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended March 31, 2024
Appendix
|
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments andmaturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whosedecisions are binding on its members.Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.U.S. Treasury: The department of the U.S. government that issues Treasury securities.Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.

YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time periodfrom purchase date to maturity, stated as a percentage on an annualized basis.YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the timeperiod remaining until maturity, stated as a percentage on an annualized basis. 66 ITEM # 9

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Cuong Nguyen, Director of Community Development

SUBJECT: CONSIDERATION OF A NEW GROUND LEASE BETWEEN THE

CITY OF SANTA FE SPRINGS AND THE UNITED STATES

POSTAL SERVICE FOR THE REAL PROPERTY LOCATED AT
11760 TELEGRAPH ROAD, SANTA FE SPRINGS, CALIFORNIA
90670
DATE: May 7, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Approve the new Ground Lease Agreement between the City of Santa Fe Springs (Landlord) and the United States Postal Service (Tenant) for the real property at 11760 Telegraph Road, Santa Fe Springs, California 90670; and 2) Authorize the Mayor or designee to execute the New Ground Lease Agreement. 3) Take such additional, related, action that may be desirable.

FISCAL IMPACT
The existing ground lease generates $195,005 a year. The new ground lease will generate $275,250 a year, or $77,245 of new revenue each year. The brokerage fee is calculated as follows: USPS Annual rent of $275,250 multiplied by a five-year lease term equals $1,375,250 multiplied by 5% equals the total brokerage fee of $68,812.50 fee. The total brokerage fee is split between the City’s agent (Colliers at 2%: $27,525.00) and the brokerage firm hired by the USPS (Jones Lang LaSalle at 3%: $41,287.50).

CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024

Page 2 of 3 ends

BACKGROUND
The postal building located at 11760 Telegraph Road is a concrete block building that, based on building records, was final in 1968. The original building permit indicates a building of 12,994 sq. ft. with a lobby expansion in 1981. It is occupied by the United States Postal Service. The underlying land, postal office building and rear parking lot area, is a ±35,850 sq. ft. portion of a larger legal parcel of ±159,865 sq. ft. A gated, asphalt-paved parking lot, with ±44 parking spaces, is located at the rear of the building.

The lease between the City of Santa Fe Springs and the United States Postal Office (USPS) commenced in 1967, with several five-year extensions. The last five-year extension will expire on June 30, 2024. The annual rent currently paid by the United States Postal Office is $195,005 or $3.85 per square foot on an Absolute Net Basis, based upon a stated 51,474 square feet of land.

At the request of the City, an appraisal was recently completed by CBRE, Inc. to determine the market rental value of the subject postal building. Market Rent or Rental Value is defined as the most probable rent that a property should bring in a competitive and open market reflecting all conditions and restrictions of the lease agreement, including permitted uses, use restrictions, expense obligations, term, concessions, renewal and purchase options, and tenant improvements.

ANALYSIS
Based on the analysis in the appraisal report, the market value of the post office building is concluded as follows:

The appraisal report concluded that the terms should remain similar to the current ground lease, with a 5-year term and no rental increases (flat over the term). The market ground rent was estimated to be $217,750/per year.

It should be noted that, through negotiations between the between the City’s agent and the brokerage firm hired by the USPS, the rent for the New Ground Lease exceeds the market ground rent concluded by the analysis in the appraisal report. Excerpts from the New Ground Lease are found below.

CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024

Page 3 of 3 ends

Excerpts from the New Ground Lease:
 Ground Lease Area: 51,474.00 sq. ft.
 Annual Rent: $275,250
 Escalation: Flat
 Term: Five (5) Years: July 1, 2024 through June 30, 2029  Renew Options: None
 Termination Option: Bilateral*
*Both the USPS and the Landlord (City) shall have the
option to terminate the lease upon 365 days prior written notice to the other party, which notice may be given after completing year 3 of the lease.

The New Ground Lease will automatically end on June 30, 2029, unless prior written notice is given by either party at least 365 days prior to the termination date. It should be noted that the notice to terminate may not occur prior to the completion of year 3. This means the earliest termination date, provided notice is given by either party, would be at the end of year 4.

SUMMARY
Staff recommends that the City Council approve the New Ground Lease Agreement between the City of Santa Fe Springs (Landlord) and the United States Postal Service (Tenant) and authorizing the Mayor or designee to execute the New Ground Lease with the United States Postal Service for real property at 11760 Telegraph Road, Santa Fe Springs, California 90670, consistent with this staff report and Exhibits hereto.

ATTACHMENT(S):

A. Proposed USPS Ground Lease
B. Memorandum of Lease
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

Ground Lease
SANTA FE SPRINGS - MAIN OFFICE GROUND LEASE (056960-002) 11760 TELEGRAPH RD, SANTA FE SPRINGS, CA 90670-9998
Ground Lease
Facility Name/Location

In consideration of the mutual promises set forth and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties covenant and agree as follows:

1. The Landlord hereby leases to the Postal Service and the Postal Service leases from the Landlord the following premises, hereinafter legally described in paragraph 7, in accordance with the terms and conditions described herein and contained in the ‘General Conditions to USPS Ground Lease,’ attached hereto and made a part hereof:

Total Site Area:

Rent checks shall be payable to:

3. TO HAVE AND TO HOLD the said premises with their appurtenances for the following term:

County: Los Angeles Lease: Q90000764669 1
FIXED TERM: The term becomes effective July 01, 2024 with an expiration date of June 30, 2029, for a total of 5 Years.

2. RENTAL: The Postal Service will pay the Landlord an annual rental of: $275,250.00 (Two Hundred Seventy Five Thousand Two Hundred Fifty and 00/100 Dollars) payable in equal installments at the end of each calendar month.

Rent for a part of a month will be prorated. SANTA FE SPRINGS - MAIN OFFICE GROUND LEASE (056960-002) 11760 TELEGRAPH RD, SANTA FE SPRINGS, CA 90670-9998

CITY OF SANTA FE SPRINGS
11710 TELEGRAPH RD
SANTE FE SPRINGS, CA 90670-3679
This Lease made and entered into by and between CITY OF SANTA FE SPRINGS hereinafter called the Landlord, and the United States Postal Service, hereinafter called the Postal Service:

February 2004 51,474.00 Sq. Ft.

Ground Lease

4. 5. TERMINATION:

6. OTHER PROVISIONS: The following additional provisions, modifications, riders, layouts, and/or forms were agreed upon prior to execution and made a part hereof:

7. LEGAL DESCRIPTION:
2 Both the Postal Service and the Landlord may terminate this Lease at any time after year 3 by giving 365 days written notice to the other party.

RENEWAL OPTIONS: None
Mortgagee's Agreement.

See Attached Addendum.

See Attached Exhibit A.

February 2004
See Attached Addendum
See Attached Memoradum of Lease
Exhibits
Facility Name/Location
SANTA FE SPRINGS - MAIN OFFICE GROUND LEASE (056960-002) County: Los Angeles 11760 TELEGRAPH RD, SANTA FE SPRINGS, CA 90670-9998 Lease: Q90000764669

Page 1 of 1 ends

August 2017
Exhibit A – Site Plan
APN:8008-029-900 UNITED STATES POSTAL SERVICE
Addendum
Facility Name/Location
February 2004
SANTA FE SPRINGS - MAIN OFFICE GROUND LEASE (056960-002) 11760 TELEGRAPH RD, SANTA FE SPRINGS, CA 90670-9998 8. LEGAL DESCRIPTION:

That portion of Lot 1, Section 1, Township 3 South, Range 12 West in the Rancho Santa Gertrudes, County of Los Angeles, State of California, per map recorded in Book 32 Page18, of Miscellaneous Records, Records of the County Recorder of said county, described as follows:

Beginning at a point which is North 63 degrees 40 feet 27 inches West 137.47 feet and South 0 degrees 12 feet 07 inches East 55.88 feet from the intersection of the center-line of Telegraph Road, formerly Anaheim Telegraph Road, and the West line of Pioneer Boulevard, 30 feet wide, as shown on Map of Tract No. 16928, per Map recorded in Book 405 Pages 36 to 38, Records of said County; thence South 0 degrees 12 feet 07 inches East 76.93 feet; thence South 89 degrees 47 feet 53 inches West 138 feet; thence South 0 degrees 12 feet 07 inches East 296.15 feet; thence North 89 degrees 47 feet 53 inches East 162 feet; thence North 0 degrees 12 feet 07 inches West 19 feet; thence North 89 degrees 47 feet 53 inches East 69 feet; thence North 0 degrees 12 feet 07 inches West 26 feet; thence South 89 degrees 47 feet 53 inches West 69 feet, thence North 0 degrees 12 feet 07 inches West 316.15 feet; thence North 63 degrees 40 feet 27 inches West 26.82 feet to the point of beginning.

9. The Postal Service shall be responsible for maintenance of the all of the improvements including but not limited to a brick building owned by the Postal Service, paved areas including sidewalks and parking areas, landscaping and the flag pole. The Postal Service may perform such maintenance at such time and in such manner as it considers necessary. Landlord shall be responsible for all other maintenance not listed above that is necessary to keep the Premises is good and tenantable condition.

10. Improvements, additions or alterations made to the Premises by the Postal Service, its subtenants, or assignees at any time during the base period or any renewal or extension thereof, shall not be construed as diminishing the value of the Premises or rendering the Premises not in as good condition as existed at the time this Lease was entered, upon the expiration or termination of this Lease. All improvements, additions and alterations shall remain the personal property of the Postal Service, consistent with the terms of this Lease. The Postal Service shall not be required to demolish or remove such improvements but may do so at its option without any liability to the Landlord, within 180 days after expiration or termination of this Lease, during which period no rental obligations shall accrue.

11. Should the Postal Service elect to remove its improvements, additions or alterations from the Premises, the Postal Service shall return the Premises in a condition consistent with good engineering practices and excepting damages by the elements or circumstances beyond the control of the Postal Service.

The Postal Service has no obligation to replace trees, shrubs, ornamental vegetation, or any other improvements that may have existed on the Premises prior to this Lease.

12. It is mutually understood that the Postal Service has the right to place a compact building or trailer on the Premises. The compact building or trailer, all improvements incident thereto, and all fixtures, machinery, and equipment added to the building, shall remain the personal property of the Postal Service and County: Los Angeles

Addendum
Facility Name/Location

SANTA FE SPRINGS - MAIN OFFICE GROUND LEASE (056960-002) 11760 TELEGRAPH RD, SANTA FE SPRINGS, CA 90670-9998 Lease: Q90000764669 February 2004 County: Los Angeles may be removed from the Premises only by the Postal Service, at any time consistent with the terms of this

13. The parties agree that if the signature(s) of either Landlord or the Postal Service on this Lease or any amendments, addendums, assignments, or other records associated with this Lease is not an original but is an electronic signature, scanned signature or a digitally encrypted signature, then such electronic signature, scanned signature or digitally encrypted signature shall be as enforceable, valid and binding as, and the legal equivalent to, an authentic original wet signature penned manually by its signatory.

Signatures required under this Lease, or any amendments, addendums, assignments, or other records associated therewith, may be transmitted by email or by fax and, once received by the party to whom such signatures were transmitted, shall be binding on the party transmitting its signatures as though they were an original signature of such party.

Ground Lease
EXECUTED BY LANDLORD this ________ day of _______________________, ______.

GOVERNMENTAL ENTITY
By executing this Lease, Landlord certifies that Landlord is not a USPS employee or contract employee (or an immediate family member of either), or a business organization substantially owned or controlled by a USPS employee or contract employee (or an immediate family member of either).

Name of Governmental Entity: _____________________________________________________________ __________________________________ _____________________________________

__________________________________ _____________________________________

Landlord’s Address: ____________________________________________________________________________________ ____________________________________________________________________________________ Landlord’s Telephone Number(s): ___________________________ __________________________________ Federal Tax Identification No.:______________________________________ _________________________________________ _________________________________________ Witness Witness
a. Where the Landlord is a governmental entity or other municipal entity, the Lease must be accompanied by documentary evidence affirming the authority of the signatory(ies) to execute the Lease to bind the governmental entity or municipal entity for which he (or they) purports to act. b. Any notice to Landlord provided under this Lease or under any law or regulation must be in writing and submitted to Landlord at the address specified above, or at an address that Landlord has otherwise appropriately directed in writing. Any notice to the Postal Service provided under this Lease or under any law or regulation must be in writing and submitted to “Contracting Officer, U.S. Postal Service” at the address specified below, or at an address that the Postal Service has otherwise directed in writing.

ACCEPTANCE BY THE POSTAL SERVICE
Date: _______________
__________________________________ ____________________________________ Contracting Officer Signature of Contracting Officer
_______________________________________________________________________________ Address of Contracting Officer
Signature Page Grdlease Gvt. Entity (April 2009)
SANTE FE SPRINGS, CA 90670-3679 XX-XXX5013 Name + Title: Name + Title: Name + Title: Name + Title: Western FSO 7500 E 53RD PL RM 1108, DENVER, CO 80266-9918 11710 TELEGRAPH RD Terrence P Brennan 3

CITY OF SANTA FE SPRINGS
Form of Acknowledgment
for Contracting Officer
STATE OF _______________________________
COUNTY OF _____________________________
Personally appeared before me, a Notary Public in and for the County and State aforesaid, _______________________________________
(name of Contracting Officer)
known to be a Contracting Officer of the United States Postal Service, and whose address is:
_______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ and to be the same person who executed the foregoing Lease, who deposes and says that (s)he signed his/her name thereto by authority of said Postal Service, for the purposes set forth, and as his/her own free and voluntary act.

Witness my hand and notarial seal, in the County and State aforesaid, this ___________ day of ___________________________, 20______.

NOTARIAL
SEAL
_________________________________________
Notary Public
My commission expires ______________________.
7500 E 53RD PL RM 1108 Terrence P Brennan DENVER, CO 80266-9918 February 2004 Western FSO General Conditions to USPS Ground Lease
groundgc (Oct 2009) GC-1

1. CHOICE OF LAW
This Lease shall be governed by federal law.

2. RECORDING
This agreement or a memorandum thereof, with the commencement date and all other necessary dates inserted, must be recorded by the Landlord at its sole expense. Such expense includes all fees required for or incident to recording. If the Landlord fails to record the Lease, or a memorandum thereof, the Postal Service may record the Lease or a memorandum thereof, and deduct all costs associated therewith from future rents.

3. MORTGAGEE'S AGREEMENT
If there is now or will be a mortgage on the property which is or will be recorded prior to the recording of the Lease, the Landlord must notify the contracting officer of the facts concerning such mortgage and, unless in his sole discretion the contracting officer waives the requirement, the Landlord must furnish a Mortgagee's Agreement, which will consent to this Lease and shall provide that, in the event of foreclosure, mortgagee, successors, and assigns shall cause such foreclosures to be subject to the Lease.

4. ASSIGNMENTS
a. The terms and provisions of this Lease and the conditions herein are binding on the Landlord and the Postal Service, and all heirs, executors, administrators, successors, and assigns.
b. If this contract provides for payments aggregating $10,000 or more, claims for monies due or to become due from the Postal Service under it may be assigned to a bank, trust company, or other financing institution, including any federal lending agency, and may thereafter be further assigned and reassigned to any such institution. Any assignment or reassignment must cover all amounts payable and must not be made to more than one party, except that assignment or reassignment may be made to one party as agent or trustee for two or more parties participating in financing this contract.

No assignment or reassignment will be recognized as valid and binding upon the Postal Service unless a written notice of the assignment or reassignment, together with a true copy of the instrument of assignment, is filed with:

1. the contracting officer; and

2. the surety or sureties upon any bond.
c. Assignment of this contract or any interest in this contract other than in accordance with the provisions of this clause will be grounds for termination of the contract for default at the option of the Postal Service. d. Nothing contained herein shall be construed so as to prohibit transfer of ownership of the demised premises, provided that:

1. such transfer is subject to this Lease agreement;

2. both the original Landlord and the successor Landlord execute the standard Certificate of Transfer of Title to Leased Property and Lease Assignment and Assumption form to be provided by the USPS Contracting Officer.

5. APPLICABLE CODES AND ORDINANCES
The Landlord, as part of the rental consideration, agrees to comply with all codes and ordinances applicable to the ownership and operation of the parcel on which the premises are situated and to obtain all necessary permits and related items at no cost to the Postal Service. When the Postal Service or one of its contractors (other than the Landlord) is performing work at the premises, the Postal Service will be responsible for obtaining all necessary and applicable permits, related items, and associated costs.

6. SUBLEASE
The Postal Service may sublet all or any part of the premises or assign this lease but shall not be relieved from any obligation under this lease by reason of any subletting or assignment.

7. ALTERATIONS
The Postal Service shall have the right to make alterations, attach fixtures and erect additions, structures or signs in or upon the premises hereby leased (provided such alterations, additions, structures, or signs shall not be detrimental to or inconsistent with the rights granted to other tenants on the property on which said premises are located); which fixtures, additions or structures so placed in, upon or attached to the said premises shall be and remain the property of the Postal Service and may be removed or otherwise disposed of by the Postal Service.

8. CLAIMS AND DISPUTES
a. This contract is subject to the Contract Disputes Act of 1978 (41 U.S.C. 601-613) ("the Act"). b. Except as provided in the Act, all disputes arising under or relating to this contract must be resolved under this clause. c. "Claim," as used in this clause, means a written demand or written assertion by one of the contracting parties seeking, as a matter of right, the payment of money in a sum certain, the adjustment or interpretation of contract terms, or other relief arising under or relating to this contract.

General Conditions to USPS Ground Lease
groundgc (Oct 2009) GC-2
However, a written demand or written assertion by the Landlord seeking the payment of money exceeding $100,000 is not a claim under the Act until certified as required by subparagraph d below. A voucher, invoice, or other routine request for payment that is not in dispute when submitted is not a claim under the Act. The submission may be converted to a claim under the Act by complying with the submission and certification requirements of this clause, if it is disputed either as to liability or amount or is not acted upon in a reasonable time. d. A claim by the Landlord must be made in writing and submitted to the contracting officer for a written decision. A claim by the Postal Service against the Landlord is subject to a written decision by the contracting officer. For Landlord claims exceeding $100,000, the Landlord must submit with the claim the following certification:
“I certify that the claim is made in good faith, that the supporting data are accurate and complete to the best of my knowledge and belief, that the amount requested accurately reflects the contract adjustment for which the Landlord believes the Postal Service is liable, and that I am duly authorized to certify the claim on behalf of the Landlord.” The certification may be executed by any person duly authorized to bind the Landlord with respect to the claim. e. For Landlord claims of $100,000 or less, the contracting officer must, if requested in writing by the Landlord, render a decision within 60 days of the request. For Landlord-certified claims over $100,000, the contracting officer must, within 60 days, decide the claim or notify the Landlord of the date by which the decision will be made.
f. The contracting officer's decision is final unless the Landlord appeals or files a suit as provided in the Act. g. When a claim is submitted by or against a Landlord, the parties by mutual consent may agree to use an alternative dispute resolution (ADR) process to assist in resolving the claim. A certification as described in subparagraph d of this clause must be provided for any claim, regardless of dollar amount, before ADR is used.
h. The Postal Service will pay interest on the amount found due and unpaid from:

1. the date the contracting officer receives the claim (properly certified if required); or

2. the date payment otherwise would be due, if that date is later, until the date of payment. i. Simple interest on claims will be paid at a rate determined in accordance with the Act. j. The Landlord must proceed diligently with performance of this contract, pending final resolution of any request for relief, claim, appeal, or action arising under the contract, and comply with any decision of the contracting officer.

9. HAZARDOUS/TOXIC CONDITIONS CLAUSE
"Asbestos containing building material" (ACBM) means any material containing more than 1% asbestos as determined by using the method specified in 40 CFR Part 763, Subpart E, Appendix E. "Friable asbestos material" means any ACBM that when dry, can be crumbled, pulverized, or reduced to powder by hand pressure.

The Landlord must identify and disclose the presence, location and quantity of all ACBM or presumed asbestos containing material (PACM) which includes all thermal system insulation, sprayed on and troweled on surfacing materials, and asphalt and vinyl flooring material unless such material has been tested and identified as non-ACBM. The Landlord agrees to disclose any information concerning the presence of lead-based paint, radon above 4 pCi/L, and lead piping or solder in drinking water systems in the building, to the Postal Service.

Sites cannot have any contaminated soil or water above applicable federal, state or local action levels or undisclosed underground storage tanks.

Unless due to the act or negligence of the Postal Service, if contaminated soil, water, underground storage tanks or piping or friable asbestos material or any other hazardous/toxic materials or substances as defined by applicable Local, State or Federal law are subsequently identified on the premises, the Landlord agrees to remove such materials or substances upon notification by the U. S. Postal Service at Landlord's sole cost and expense in accordance with EPA and/or State guidelines. If ACBM is subsequently found which reasonably should have been determined, identified, or known to the Landlord, the Landlord agrees to conduct, at Landlord’s sole expense, an asbestos survey pursuant to the standards of the Asbestos Hazard Emergency Response Act (AHERA), establish an Operations and Maintenance (O&M) plan for asbestos management, and provide the survey report and plan to the Postal Service. If the Landlord fails to remove any friable asbestos or hazardous/toxic materials or substances, or fails to complete an AHERA asbestos survey and O&M plan, the Postal Service has the right to accomplish the work and deduct the cost plus administrative costs, from future rent payments or recover these costs from Landlord by other means, or may, at its sole option, cancel this Lease. In addition, the Postal Service may proportionally abate the rent for any period the premises, or any part thereof, are determined by the Postal Service to have been rendered unavailable to it by reason of such condition.

The Landlord hereby indemnifies and holds harmless the Postal Service and its officers, agents, representatives, and employees from all claims, loss, damage, actions, causes of action, expense, fees and/or liability resulting from, brought for, or on account of any violation of this clause.

The remainder of this clause applies if this Lease is for premises not previously occupied by the Postal Service.

By execution of this Lease the Landlord certifies:
a. the property and improvements are free of all contamination from petroleum products or any hazardous/toxic or unhealthy materials or substances, including friable asbestos materials, as defined by applicable State or Federal law; General Conditions to USPS Ground Lease
groundgc (Oct 2009) GC-3
b. there are no undisclosed underground storage tanks or associated piping, ACBM, radon, lead-based paint, or lead piping or solder in drinking water systems, on the property; and
c. it has not received, nor is it aware of, any notification or other communication from any governmental or regulatory entity concerning any environmental condition, or violation or potential violation of any local, state, or federal environmental statute or regulation, existing at or adjacent to the property.

10. FACILITIES NONDISCRIMINATION
a. By executing this Lease, the Landlord certifies that it does not and will not maintain or provide for its employees any segregated facilities at any of its establishments, and that it does not and will not permit its employees to perform services at any location under its control where segregated facilities are maintained.
b. The Landlord will insert this clause in all contracts or purchase orders under this Lease unless exempted by Secretary of Labor rules, regulations, or orders issued under Executive Order 11246.

11. CLAUSES REQUIRED TO IMPLEMENT POLICIES, STATUTES, OR EXECUTIVE ORDERS The following clauses are incorporated in this Lease by reference. The text of incorporated terms may be found in the Postal Service’s Supplying Principles and Practices, accessible at www.usps.com/publications.

Clause 1-1, Privacy Protection (July 2007)
Clause 1-5, Gratuities or Gifts (March 2006)
Clause 1-6, Contingent Fees (March 2006)
Clause 4-2, Contract Terms and Conditions Required to Implement Policies, Statues or Executive Orders (July 2009) Clause 9-3, Davis-Bacon Act (March 2006)1
Clause 9-7, Equal Opportunity (March 2006)2
Clause 9-13, Affirmative Action for Handicapped Workers (March 2006)3 Clause 9-14, Affirmative Action for Disabled Veterans and Veterans of the Vietnam Era (March 2006)4 Clause B-25, Advertising of Contract Awards (March 2006) Note: For purposes of applying the above standard clauses to this Lease, the terms “supplier,” “contractor,” and “lessor” are synonymous with “Landlord,” and the term “contract” is synonymous with “Lease.” 1 For premises with net interior space in excess of 6,500 SF and involving construction work over $2,000. 2 For leases aggregating payments of $10,000 or more.
3 For leases aggregating payments of $10,000 or more.
4 For leases aggregating payments of $25,000 or more.

Mortgagee’s Agreement
(To be executed and attached to lease)
Facility Name/Location
The undersigned, Holder(s) of a mortgage (or similar encumbrance, such as a Deed of Trust), in the sum of _____________________on the property situated at: _________________________________________________ ____________________________________________________________________________________________ hereby consent(s) to the leasing of said property to the U.S. Postal Service and agree(s) for itself, its successors, executors, administrators, and assigns that in the event it should become necessary to:
a) foreclose said mortgage or similar encumbrance, the Mortgagee will cause the sale of said premises to be made subject to said lease; or,
b) take any other action terminating the mortgage or transferring title, the Mortgagee will cause such action to be made subject to said lease.

MORTGAGEE
______________________________________________
Name of Mortgage Company
______________________________________ By:______________________________________________ Witness Signature of Mortgagee’s Officer
Its:______________________________________________
Title of Mortgagee’s Officer
_________________________________________________________ Street Address
_________________________________________________________ City, State and ZIP+4
Subscribed and Sworn to before me, a notary public, in and for _________________________ County, State of ____________________________ this ______________day of __________________________, _______. ____________________________________________________________ Notary Public
My commission expires _____________________________________ February 2004 M-1 SANTA FE SPRINGS - MAIN OFFICE GROUND LEASE (056960-002) County: Los Angeles 11760 TELEGRAPH RD, SANTA FE SPRINGS, CA 90670-9998 February 2004 Lease: Q90000764669 1 When Recorded, Return to:

USPS Facilities Leasing
C/O Diana Rotella
7500 E 53rd Pl. Room 1108
Denver CO 80266-9918

MEMORANDUM OF LEASE
Santa Fe Springs, CA – Main Office Ground (056960-002)
11760 Telegraph Rd, Santa Fe Springs, CA 90670-9998
THIS MEMORANDUM OF LEASE is made and entered into as of the ______ day of _______________, ____, by and between City of Santa Fe Springs, as landlord (“Landlord”) and the United States Postal Service, as lessee (“Lessee”).

WITNESSETH:

1. Description and Conveyance of Demised Premises. Landlord and Lessee have entered into a Lease Agreement (“Lease”) with respect to certain property in {STATE}, as more particularly described as:

The Premises is leased to Lessee together with in common with others (i) all rights, easements and appurtenances belonging or appertaining thereto (including without limitation, parking in and appurtenant to the Demised Premises together with curb-cuts), (ii) all right, title and interest of Landlord in and to any and all roads, streets, alleys and ways, bounding the property containing the Demised Premises, and (iii) non-exclusive access to the building containing the Demised Premises and other improvements on the property containing the Demised Premises.

2. Term. The Lease shall be effective upon its execution by Landlord and acceptance by the Postal Service and its primary term shall be for a period of five (5) years commencing 2 July 01, 2024, and expiring on June 30, 2029, unless sooner terminated in accordance with the terms of the Lease.

3. Purpose. It is understood that the only purpose of this Memorandum is to give notice of the Lease, and that all rights and obligations of Landlord and Lessee hereunder are governed by the terms, convenants and conditions contained in the Lease.

4. Counterpart. This Memorandum of Lease maybe executed in multiple counterparts, each of which shall constitute an original, but all of which shall constitute one document. If any inconsistency exists or arises between the terms of this Memorandum and the terms of the Lease, the terms of the Lease shall prevail.
[Signature Page Follows]
3 LANDLORD:

By: ____________________________________________

CITY OF SANTA FE SPRINGS
Its: ____________________________________________
____________________________________________
Signature
STATE OF _________ )
) ss:

COUNTY OF _________________ )
The foregoing instrument was acknowledged before me this _______ day of _______________, ____, by ____________, the ______________ of __________.

He/she is personally known to me or has produced a valid driver/photo license as identification.

Notary Public
My commission expires:
[Notarial Seal]
4 LESSEE:

By: __________________________________________________

TERRENCE BRENNAN
Its: USPS Contracting Officer
__________________________________________________
Signature
STATE OF _________ )
) ss:

COUNTY OF _________________ )
The foregoing instrument was acknowledged before me this _______ day of _______________, ____, by ____________, the ______________ of __________.

He/she is personally known to me or has produced a valid driver/photo license as identification.

Notary Public
My commission expires:
[Notarial Seal]
FOR ITEM #10, PLEASE SEE ITEM #12
FOR ITEM #11, PLEASE SEE ITEM #12
ITEM # 12

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Fernando N. Muñoz, CMC, Deputy City Clerk
SUBJECT: MINUTES OF THE APRIL 2, 2024 CITY COUNCIL MEETINGS DATE: May 7, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Approve the minutes as submitted.

FISCAL IMPACT
N/A

BACKGROUND
Staff has prepared minutes for the following meeting:
 City Council Meeting of April 2, 2024

ANALYSIS
N/A

ENVIRONMENTAL
N/A

DISCUSSION
N/A

SUMMARY/NEXT STEPS
CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024
Minutes of the April 2, 2024 City Council Meeting Page 2 of 2 N/A
ATTACHMENT(S):

A. April 2, 2024 Meeting Minutes
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

APPROVED:

MINUTES OF THE MEETINGS OF THE

CITY COUNCIL
April 2, 2024

CALL TO ORDER
Mayor Pro Tem Rounds called the meeting to order at 6:03 p.m.

ROLL CALL
Members present: Councilmembers/Directors: Martin, Rodriguez, Zamora, and Mayor Pro Tem/Vice Chair Rounds.

Members absent: Mayor Sarno.

INVOCATION
Councilmember Martin led the invocation.

PLEDGE OF ALLEGIANCE
Youth Leadership Committee member Jilliana Casillas led the pledge of allegiance.

INTRODUCTIONS
Mayor Pro Tem Sarno introduced the following members from the Chamber of Commerce:

1. Lina Ariza from CBM Real Estate & Home Loans

2. Debbie Wade from El Tepeyac Restaurant & Tequila Sports Bar

3. Kathie Fink from Santa Fe Springs Chamber of Commerce

PRESENTATIONS

1. ADVISORY COMMITTEE REPORT – YOUTH LEADERSHIP COMMITTEE (PARKS & RECREATION)

2. ABIGAIL BARRAZA FOUNDATION – RECOGNITION OF THE 2023-24 MISS

SANTA FE SPRINGS COURT (COMMUNITY SERVICES)

3. PROCLAMING THE WEEK OF APRIL 21-27, 2024 AS “NATIONAL VOLUNTEER WEEK” (COMMUNITY SERVICES)

4. PROCLAIMING THE MONTH OF APRIL 2024 AS “DONATE LIFE MONTH” (CITY

MANAGER)

CHANGES TO AGENDA
There were no changes.

PUBLIC COMMENTS
There was no one wishing to speak during public comments.

Minutes of the April 2, 2024 Housing Successor, Successor Agency, and City Council Meetings

Page 2 ends

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST
None

HOUSING SUCCESSOR, SUCCESSOR AGENCY, AND CITY COUNCIL AGENDA

REGULAR BUSINESS

5. AQUATIC CENTER IMPROVEMENTS PHASE 1B – PROJECT UPDATE (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the project update report/presentation for the project; and 2) Provide direction to staff relating to project features, design features and color schemes to be included in the final design of the Aquatic Center Improvements Project (Phase 1B); and
3) Authorize the City Engineer to issue a Task Order to Southstar Engineering for Project Management Services in the Amount of $125,000 for the subject project; and 4) Take such additional, related action that may be desirable.

Director of Public Works, James Enriquez introduced Assistant Director of Public Works and Project Manager, Robert Garcia to provide a brief presentation on Item No. 5.

Assistant Director Garcia provided an update on the project, which is slated to address deteriorating and cracking pool foundations while also incorporating amenities. He talked about the scope of work, fiscal impact, and the projected completed schedule. In summary, the project completion is scheduled to be in Fall 2025. Total cost for Phase 1B and Phase 2 is $13.3M. He introduced the HED Team to provide conceptual designs and renderings. Presentation included information on the concrete block history, the guiding images that reinforced the aesthetics of the proposed designs, and conceptual color schemes. Assistant Director Garcia revisited costs, Phase 1A to cost $5.2M. Revised Phase 1B cost is $9.69M. Council agreed to the structures, and decided to bring back the bright color options with three variants for further consideration.

It was moved by Councilmember Zamora, seconded by Councilmember Rodriguez, to receive and file the project update report/presentation for the project, provide direction to staff relating to project features, design features and color schemes to be included in the final design of the Aquatic Center Improvements Project (Phase 1B), authorize the City Engineer to issue a Task Order to Southstar Engineering for Project Management Services in the Amount of $125,000 for the subject project, and take such additional, related action that may be desirable, by the following vote:

Ayes: Martin, Rodriguez, Zamora, Rounds
Nayes: None

Absent: Sarno
Recused: None
Minutes of the April 2, 2024 Housing Successor, Successor Agency, and City Council Meetings

Page 3 ends

Such approval will also waive the reading of any ordinance.

HOUSING SUCCESSOR

6. MINUTES OF THE MARCH 5, 2024 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Housing Successor:
1) Approve the minutes as submitted.

SUCCESSOR AGENCY

7. MINUTES OF THE MARCH 5, 2024 SUCCESSOR AGENCY MEETINGS (CITY CLERK) RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

CITY COUNCIL

8. MINUTES OF THE MARCH 5, 2024 CITY COUNCIL MEETINGS (CITY CLERK) RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.

9. SECOND READING AND ADOPTION OF ORDINANCE NO. 1135, APPROVING A ZONE TEXT AMENDMENT TO AMEND SECTIONS 155.620, 155.628, 155.640, 155.715, 155.865, AND 155.866, AND ADD NEW SECTIONS 155.005 AND 155.006, TO CHAPTER 155 (ZONING) OF TITLE 15 (LAND USE) OF THE CODE OF SANTA FE

SPRINGS, AND DETERMINE THAT THE ACTION IS EXEMPT UNDER CEQA (PLANNING)
RECOMMENDATION: It is recommended that the City Council:
1) Find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3), which indicates that CEQA only applies to projects that have a “significant effect on the environment” as defined in Public Resources Code Section 21068 and in CEQA Guidelines Section 15382; and
2) Find and determine that the proposed Zone Text Amendment is consistent with the goals, policies, and program of the City’s General Plan; and 3) Waive the second reading and adopt Ordinance No. 1135 by title, adopting a Zone Text Amendment to amend Sections 155.620, 155.628, 155,640, 155.715, 155.865, Minutes of the April 2, 2024 Housing Successor, Successor Agency, and City Council Meetings

Page 4 ends

and 155.866, and add new Sections 155.005 and 155.006, to Chapter 155 (Zoning) of Title 15 (Land Use) of the Code of Santa Fe Springs; and 4) Take such additional, related, action that may be desirable.

10. SECOND READING AND ADOPTION OF ORDINANCE NO. 1136, APPROVING ZONE TEXT AMENDMENT (“ZTA”) TO AMEND CHAPTER 154 (SUBDIVISIONS) FOR AN URBAN LOT SPLIT AND CHAPTER 155 (ZONING) FOR THE CREATION OF TWO (2)

RESIDENTIAL UNITS PER LOT, OF THE SANTA FE SPRINGS MUNICIPAL CODE, ALL PURSUANT TO SENATE BILL 9 AND DETERMINE THAT THE ACTION IS

EXEMPT UNDER CEQA (PLANNING)
RECOMMENDATION: It is recommended that the City Council:
1) Find and determine that Ordinance No. 1136 is exempt from California Environmental Quality Act pursuant to California Government Code Sections 65852.21(j) and 66411.7(n), the adoption of an ordinance by a city implementing the provisions of Government Code Sections 66411.7 and 65852.21 to regulate Senate Bill 9; and 2) Waive the second reading and adopt Ordinance No. 1136 by title, adopting a Zone Text Amendment to ensure that the City’s Zoning Ordinance is aligned with the State’s Senate Bill 9 regulations; and
3) Take such additional, related action that may be desirable.

11. POLICE SERVICES STAGING FACILITY STORM DAMAGE – EMERGENCY

12. APPROVE ADDING THE JOSLIN STREET DRAINAGE IMPROVEMENT PROJECT TO

THE CAPITAL IMPROVEMENT PLAN (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Approve adding the Joslin Street Drainage Improvement project to the Capital Improvement Plan; and
2) Authorize and appropriation of $2,000,000 from the Los Angeles Region, Safe Clean Water Program (Measure W) for the Joslin Drainage Improvement Project; and 3) Take such additional, related action that may be desirable.

Minutes of the April 2, 2024 Housing Successor, Successor Agency, and City Council Meetings

Page 5 ends

13. ASSISTANCE TO FIREFIGHTERS GRANT FUNDS – AWARD OF PURCHASE OF

FIREFIGHTER SAFETY GEAR (FIRE)
RECOMMENDATION: It is recommended that the City Council:
1) Award of purchase to Municipal Emergency Services in the amount of $85,085.01 for (15) complete sets of Firefighter Safety Turnout Gear; and 2) Take such additional, related action that may be desirable.

14. STATE HOMELAND SECURITY PROGRAM FUNDS – AWARD OF PURCHASE OF

MULTI-GAS MONITORS AND RELATED EQUIPMENT (FIRE)
RECOMMENDATION: It is recommended that the City Council:
1) Award of purchase to Hazmat Resource, Inc. in the amount of $59,628.01 for MultiGas Monitors and Related Equipment; and 2) Take such additional, related action that may be desirable.

15. ADDITIONAL FUNDING FOR PACKARD STAY AND PLAY GRANT PAYMENT

ACCEPTANCE FOR SFS CITY LIBRARY (COMMUNITY SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Approve and authorize the Director of Community Services to request and accept an additional payment of Packard Stay & Play grant funds for the SFS City Library (SFS Library), issued by the Califa Group.

Councilmember Zamora requested that staff look into drainage issues on Orr & Day Road.

It was moved by Councilmember Martin, seconded by Councilmember Rodriguez, to approve the consent calendar, by the following vote:

Ayes: Martin, Rodriguez, Zamora, Rounds
Nayes: None

Absent: Sarno
Recused: None

APPOINTMENTS TO BOARDS, COMMITTEES, AND COMMISSIONS
Jayden Brown was appointed to the Youth Leadership Committee.

COUNCIL COMMENTS/AB1234 COUNCIL CONFERENCE REPORTING
Councilmember Martin thanked Parks and Recreation Director, Gus Hernandez and staff for hosting Easter event indoors due to rain.

Councilmember Rodriguez remarked at the conceptual drawings for the aquatic center.

She thanked the Undesirables and Majestic car groups that donated baskets at the Easter event. She also highlighted the budget meeting held last week. Lastly, she wished City Minutes of the April 2, 2024 Housing Successor, Successor Agency, and City Council Meetings

Page 6 ends

Manager René Bobadilla a Happy Birthday.

Councilmember Zamora also highlighted the great work done by Parks and Recreation to bring the Easter event indoors. He thanked Public Works for constantly addressing the issues brought upon by the recent storms.

Mayor Pro Tem Rounds talked about the recent budget workshop. He thanked AJ Hayes for bringing the Majestics and Undesirables car groups to the Easter event. He thanked Planning Commissioner John Mora for cooking pancakes at the event, and also expressed that he’s glad that the City continued with plans despite the inclement weather.

ADJOURNMENT
Mayor Pro Tem Rounds adjourned the meeting at 7:06 p.m. _____________________
Jay Sarno
Mayor
ATTEST:
_____________________
Fernando N. Muñoz Date
Deputy City Clerk
ITEM # 13

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Cuong Nguyen, Director of Community Development

SUBJECT: 2023 HOUSING ELEMENT ANNUAL PROGRESS REPORT
DATE: May 7, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Find that the preparation, review, and submission of the 2023 Housing Element Annual Progress Report is not subject to the California Environmental Quality Act (CEQA), as the actions are not a project as defined by Section 15378(b)(2) of the Public Resources Code; and
2) Receive and file the 2023 Housing Element Annual Progress Report; and 3) Authorize staff to submit the 2023 Housing Element Annual Progress Report to the California Department of Housing and Community Development (HCD) and to the Governor's Office of Planning and Research (OPR).

FISCAL IMPACT:

There is no financial impact associated with the submission of the City’s 2023 Housing Element Annual Progress Report to OPR and HCD. By filing the Report with OPR and HCD, the City will be in compliance with Government Code Section 65400.

BACKGROUND:

Government Code Section 65400 requires each city to provide an Annual Progress Report (APR) on the status of implementing the Housing Element of its General Plan. The APR must be submitted to the California Department of Housing and Community Development (HCD) and the Governor’s Office of Planning and Research (OPR). The CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024
2023 Housing Element Annual Progress Report

Page 2 of 3 ends

report assists HCD with tracking the City’s progress toward meeting its Regional Housing Needs Allocation (RHNA). It also provides OPR with information to assist with identifying statewide trends in land use decision making and how local planning activities relate to statewide planning goals and policies. APRs may also identify needed modifications and improvements to General Plan guidelines.

The Southern California Association of Governments (SCAG) prepared the Regional Housing Needs Allocation for each jurisdiction within the SCAG region. SCAG, through the RHNA process, assigned Santa Fe Springs a share of the region’s new housing units needs for the 2021 - 2029 planning period (6th Cycle) totaling 952 new dwelling units further broken down by income category.

On February 8, 2022, the City Council adopted the Santa Fe Springs 2040 General Plan, including the 2021-2029 Housing Element and Implementation Plan. The 2023 Housing Element Annual Progress Report (Attachment A) reflects the status of the City’s implementation measures completed between January 1, 2023, and December 31, 2023, and does not reflect changes or updates that may have occurred since.

ENVIRONMENTAL:

The Housing Element Annual Progress Report is not subject to CEQA, as the actions are not a project as defined in Section 15378(b)(2) of the Public Resources Code.

DISCUSSION:

HCD provided mandatory forms (Excel spreadsheets) and definitions for the Housing Element APR. The completed forms are included as Attachment A of the staff report and will be submitted to HCD and OPR in electronic format.

The Housing Element APR requires the City to report all housing applications submitted in 2023 (Table A) and all housing applications with a net increase in units approved and finalized in 2023 (Table A2). Table A2 is the largest worksheet in the APR and includes 49 columns of information related to residential units that have been entitled, issued building permits, or completed construction in 2023. The table also includes information about the affordability of the units. In summary, Table A2 indicates that the City entitled 113 housing units, issued building permits for 184 housing units, and issued certificates of occupancy for 6 housing units. The housing units that were issued building permits include The Richman Group affordable housing project, The Whole Child affordable housing project, Melia Homes for-sale market rate housing, and nine accessory dwelling unit (ADU) projects. The housing units that were issued certificates of occupancy were all ADUs.

The permits approved and reported in Table A2 are automatically populated in Table B.

Table B includes the number of units for which permits were issued to demonstrate CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024
2023 Housing Element Annual Progress Report

Page 3 of 3 ends

progress in meeting the City’s RHNA goal. Housing production toward the 6th Cycle RHNA allocation is best summarized by Table B, which is excerpted below.

Table B Summary: Regional Housing Needs Allocation Progress Permitted Units Issued by Affordability
Income Level RHNA 2021 2022 2023 Total to Date Remaining RHNA
Very Low 253 - 1 89 90 163
Low 159 2 4 30 36 123
Moderate 152 2 8 7 17 135
Above Moderate 388 - - 58 58 330
Total RHNA 952
Total Units Produced 1 13 184 201 751
The Housing Element APR also includes status and/or progress of implementing each Housing Element Program for the Reporting Period (Table D), locally owned sites in the Housing Element Site Inventory that have been sold or leased (Table G), locally owned surplus sites (Table H), and LEAP reporting.

SUMMARY/NEXT STEPS:

Following City Council review, staff will submit the 2023 Housing Element Annual Progress Report to the California Department of Housing and Community Development (HCD) and to the Governor's Office of Planning and Research (OPR), as required by State law.

ATTACHMENT:

A. Attachment A – 2023 Housing Element Annual Progress Report ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

Jurisdiction Santa Fe Springs
Reporting Year 2023
Housing Element Planning Period 6th Cycle
Current Year
Deed Restricted 89
Non-Deed
Restricted 0
Deed Restricted 30
Non-Deed
Restricted 0
Deed Restricted 7
Non-Deed
Restricted 0
58 184
Units by Structure Type Entitled Permitted Completed
Single-family Attached 0 0 0
Single-family Detached 1 0 0
2 to 4 units per structure 0 0 0
5+ units per structure 88 175 0
Accessory Dwelling Unit 24 9 6
Mobile/Manufactured Home 0 0 0
Total 113 184 6
Infill Housing Developments and Infill Units Permitted # of Projects Units 12 184
00 24
113
113
0 1
1 Total Housing Applications Submitted:

Number of Proposed Units in All Applications Received:

Total Housing Units Approved:

Total Housing Units Disapproved:

Total Units
Housing Applications Summary
Use of SB 35 Streamlining Provisions - Applications
Note: Units serving extremely low-income households are included in the very low-income permitted units totals Number of SB 35 Streamlining Applications
Above Moderate
Indicated as Infill
Not Indicated as Infill
Building Permits Issued by Affordability Summary
Income Level
(Jan. 1 - Dec. 31)
10/15/2021 - 10/15/2029
Number of SB 35 Streamlining Applications Approved
Very Low
Low
Moderate
Income Rental Ownership Total
Very Low 00 0
Low 00 0
Moderate 00 0
Above Moderate 00 0
Total 0 0 0
Streamlining Provisions Used - Permitted Units # of Projects Units SB 9 (2021) - Duplex in SF Zone 22
SB 9 (2021) - Residential Lot Split 00
AB 2011 (2022) 00
SB 6 (2022) 00
SB 35 (2017) 00
Ministerial and Discretionary Applications # of Applications Units Ministerial 24 113
Discretionary 00
Density Bonus Applications and Units Permitted
Number of Applications Submitted Requesting a Density Bonus 1 Number of Units in Applications Submitted Requesting a Density Bonus 88 Number of Projects Permitted with a Density Bonus 0
Number of Units in Projects Permitted with a Density Bonus 0 Housing Element Programs Implemented and Sites Rezoned Count 23 0
Programs Implemented
Sites Rezoned to Accommodate the RHNA
Units Constructed - SB 35 Streamlining Permits
Jurisdiction Santa Fe Springs ANNUAL ELEMENT PROGRESS REPORT Note: "+" indicates an optional field Reporting Year 2023 (Jan. 1 - Dec. 31) Housing Element ImplementationPlanning Period 6th Cycle 10/15/2021 - 10/15/2029 Date
Application
Submitted
Total
Approved
Units by
Project
Total
Disapproved
Units by
Project
Streamlining Application Status Project Type Notes
2 34 6 7 8 9 11 12 13
Prior APN+ Current APN Street Address Project Name+ Local Jurisdiction Tracking ID Unit Category (SFA,SFD,2 to 4,5+,ADU,MH) Tenure R=Renter O=Owner Date Application Submitted (see instructions) Very Low- Income Deed Restricted Very Low- Income Non Deed Restricted Low-Income Deed Restricted Low-Income Non Deed Restricted Moderate- Income Deed Restricted Moderate- Income Non Deed Restricted Above Moderate- Income Total PROPOSED Units by Project Total APPROVED Units by project Total DISAPPROVED Units by Project Please select
streamlining
provision/s the
application was
submitted
pursuant to.

Did the housing
development
application seek
incentives or
concessions
pursuant to
Government Code
section 65915?
Were incentives
or concessions
reqested
pursuant to
Government
Code section
65915
approved?
Please indicate
the status of the
application.

Is the project
considered a
ministerial
project or
discretionary
project?
Notes+
Summary Row: Start Data Entry Below 0 0 12 0 98 0 3 113 113 0 8178-001-045 11350 Washington Primestore Phase 2 N/A 5+ R 5/26/2023 9 79 88 88 SB 35 (2017) Yes Yes Approved Ministerial 8005-004-029 11709 Sunglow Attached ADU ADU 01-2023 ADU R 2/14/2023 1 1 1 NONE No N/A Approved Ministerial8006-009-011 11517 Willins St Attached ADU ADU 02-2023 ADU O 5/4/2023 1 1 1 NONE No N/A Approved Ministerial8001-012-056 9024 Danby Ave Attached ADU ADU 03-2023 ADU R 5/17/2023 1 1 1 NONE No N/A Approved Ministerial8017-012-023 10905 Ringwood Ave Detached ADU ADU 04-2023 ADU R 5/6/2023 1 1 1 NONE No N/A Approved Ministerial8006-022-013 11305 Flossmoor Rd Attached ADU ADU 05-2023 ADU O 5/22/2023 1 1 1 NONE No N/A Approved Ministerial8005-006-014 11718 Nova St Detached ADU ADU 06-20203 ADU O 5/28/2023 1 1 1 NONE No N/A Approved Ministerial8008-027-050 10122 Jersey Ave Attached ADU & Jr ADU ADU 07-2023 ADU R 5/10/2023 1 1 2 2 NONE No N/A Approved Ministerial8007-038-007 10604 Longworth Ave Detached ADU ADU 08-2023 ADU O 6/27/2023 1 1 1 NONE No N/A Approved Ministerial8167-029-023 10100 Painter Ave Attached ADU ADU 09-2023 ADU R 7/17/2023 1 1 1 NONE No N/A Approved Ministerial8017-014-002 11560 Cecilia St. Detached ADU ADU 10-2023 ADU O 7/3/2023 1 1 1 NONE No N/A Approved Ministerial8017-010-027 11532 Buell St Detached ADU ADU 11-2023 ADU R 7/24/2023 1 1 1 NONE No N/A Approved Ministerial8008-023-036 11764 Dunning St Attached ADU & Jr ADU ADU 12-2023 ADU R 7/25/2023 1 1 2 2 NONE No N/A Approved Ministerial8008-016-020 10714 Rosetone Ave Detached ADU ADU 13-2023 ADU R 9/7/2023 1 1 1 NONE No N/A Approved Ministerial8017-001-030 11415 Muller St Detached ADU ADU 14-2023 ADU O 9/8/2023 1 1 1 NONE No N/A Approved Ministerial8002-009-008 9120 Corby Ave Attached ADU ADU 15-2023 ADU R 9/18/2023 1 1 1 NONE No N/A Approved Ministerial8008-025-050 10332 Jersey Ave Detached ADU ADU 16-2023 ADU O 10/16/2023 1 1 1 NONE No N/A Approved Ministerial8008-029-001 11765 Dunning St Detached ADU ADU 17-2023 ADU O 10/31/2023 1 1 1 NONE No N/A Approved Ministerial8008-023-002 11761 Idalene St Attached ADU ADU 18-2023 ADU R 11/1/2023 1 1 1 NONE No N/A Approved Ministerial8001-021-041 9114 Flallon Ave Attached ADU ADU 19-2023 ADU O 10/25/2023 1 1 1 NONE No N/A Approved Ministerial8005-007-035 11629 Smith Ave Detached ADU ADU 20-2023 ADU R 11/15/2023 1 1 1 NONE No N/A Approved Ministerial8007-019-032 10124 Longworth Ave Attached ADU SB9-01-2022 ADU R 1/27/2023 1 11 SB 9 (2021) -
Duplex in SF
Zone
No N/A Approved Ministerial
8017-015-020 11524 Cecilia St Attached ADU and 2nd Unit N/A ADU R 10/18/2022 2 22 SB 9 (2021) - Duplex in SF Zone No N/A Approved Ministerial8005-004-032 11647 Sunglow Detached ADU SB9-02-2022 ADU R 12/12/2023 1 11 SB 9 (2021) -
Duplex in SF
Zone
No N/A Approved Ministerial
8007-032-024 11223 Glenworth Attached 2nd Unit N/A ADU R 3/16/2022 1 11 SB 9 (2021) -
Duplex in SF
Zone
No N/A Approved Ministerial
8001-006-059 9337 Millergrove Detached 2nd Unit SB9-01-2023 ADU R 10/30/2023 1 1 1 SB 9 (2021) -
Duplex in SF
Zone
No N/A Approved Ministerial
Table A
Cells in grey contain auto-calculation formulas
1 5
Project Identifier Unit Types Proposed Units - Affordability by Household Incomes Density Bonus Law Applications 10 Housing Development Applications Submitted
Jurisdiction Santa Fe Springs ANNUAL ELEMENT PROGRESS REPORT Reporting Year 2023 (Jan. 1 - Dec. 31) Housing Element Implementation Cells in grey contain auto-calculatioPlanning Period 6th Cycle 10/15/2021 - 10/15/2029 Table A2
23 56
Prior APN+ Current APN Street Address Project Name+ Local Jurisdiction Tracking ID Unit Category (SFA,SFD,2 to 4,5+,ADU,MH) Tenure R=Renter O=Owner Very Low- Income Deed Restricted Very Low- Income Non Deed Restricted Low- Income Deed Restricted Low- Income Non Deed Restricted Moderate- Income Deed Restricted Moderate- Income Non Deed Restricted Above Moderate- Income Entitlement Date Approved # of Units issued Entitlements Very Low- Income Deed Restricted Very Low- Income Non Deed Restricted Low- Income Deed Restricted Summary Row: Start Data Entry Below 0 0 12 0 98 0 3 113 89 0 30 8007-022-030 10315 Orr and Day Detached ADU ADU 13-2021 ADU R 1 8/27/2021 18006-022-021 9706 Bradwell Ave Detached ADU ADU 22-2021 ADU O 1 12/20/2021 18007-020-021 10234 Harvest Ave Attached ADU ADU 03-2021 ADU R 1 2/18/2021 1 8007-014-029 10977 Davenrich St Detached ADU ADU 05-2021 ADU O 1 3/23/2021 18011-012-902 13231 Lakeland Road The Richman Group
- Rental Housing
DPA 975, DPA 991
5+ R 89 12 1 1/24/2022 102 89 12
8011-012-902 10951 Laurel
The Whole Child -
Interim Housing
DPA 974
5+ R 18 1 1/24/2022 19
18 8008-017-014 11733 Florence Avenue Melia Homes DPA 982 5+ R 54 2/8/2022 54 8007-024-045 10430 Harvest Ave Detached ADU ADU 03-2022 ADU R 1 9/22/2022 1 8006-011-012 11527 Willake St Detached ADU ADU 04-2022 ADU R 1 9/29/2022 1 8017-012-006 10835 Ringwood Ave Detached ADU ADU 05-2022 ADU R 1 5/12/2022 18017-012-011 10812 Fallon Ave Detached ADU ADU 07-2022 ADU R 1 6/27/2022 18007-032-001 10447 Longworth Ave Detached ADU ADU 08-2022 ADU R 1 9/21/2022 1 8007-022-051 10424 Gridley Rd Detached ADU ADU 10-2022 ADU R 1 12/22/2022 1 8008-023-004 11749 Idaline St Detached ADU ADU 11-2022 ADU R 1 12/19/2022 1 8178-001-045 11350 Washington
Primestore Phase 2 N/A 5+
R 9 79
8/30/2023
88 8005-004-029 11709 Sunglow Attached ADU ADU 01-2023 ADU R 1 4/3/2023 1 8006-009-011 11517 Willins St Attached ADU ADU 02-2023 ADU O 1 6/20/2023 18001-012-056 9024 Danby Ave Attached ADU ADU 03-2023 ADU R 1 6/1/2023 18017-012-023 10905 Ringwood Ave Detached ADU ADU 04-2023 ADU R 1 5/22/2023 18006-022-013 11305 Flossmoor Rd Attached ADU ADU 05-2023 ADU O 1 6/5/2023 18005-006-014 11718 Nova St Detached ADU ADU 06-20203 ADU O 1 6/7/2023 18008-027-050 10122 Jersey Ave Attached ADU & Jr
ADU ADU 07-2023 ADU R 11 6/14/2023 2
8007-038-007 10604 Longworth Ave Detached ADU ADU 08-2023 ADU O 1 7/25/2023 18167-029-023 10100 Painter Ave Attached ADU ADU 09-2023 ADU R 1 7/28/2023 18017-014-002 11560 Cecilia St. Detached ADU ADU 10-2023 ADU O 1 7/19/2023 18017-010-027 11532 Buell St Detached ADU ADU 11-2023 ADU R 1 8/3/2023 18008-023-036 11764 Dunning St Attached ADU & Jr
ADU ADU 12-2023 ADU R 11 9/28/2023 2
8008-016-020 10714 Rosetone Ave Detached ADU ADU 13-2023 ADU R 1 9/7/2023 18017-001-030 11415 Muller St Detached ADU ADU 14-2023 ADU O 1 9/12/2023 18002-009-008 9120 Corby Ave Attached ADU ADU 15-2023 ADU R 1 9/18/2023 18008-025-050 10332 Jersey Ave Detached ADU ADU 16-2023 ADU O 1 10/16/2023 18008-029-001 11765 Dunning St Detached ADU ADU 17-2023 ADU O 1 11/1/2023 18008-023-002 11761 Idalene St Attached ADU ADU 18-2023 ADU R 1 12/18/2023 18001-021-041 9114 Flallon Ave Attached ADU ADU 19-2023 ADU O 1 11/2/2023 18005-007-035 11629 Smith Ave Detached ADU ADU 20-2023 ADU R 1 11/15/2023 18017-015-020 11524 Cecilia St Attached ADU and 2nd Unit N/A ADU R 2 10/18/2022 2 8005-004-032 11647 Sunglow Detached ADU SB9-02-2022 ADU R 1 12/12/2023 1 8007-032-024 11223 Glenworth Attached 2nd Unit N/A ADU R 1 3/16/2022 1 8007-019-032 10122 Longworth Attached ADU SB9-01-2022 ADU R 1 1/27/2023 1 8001-006-059 9337 Millergrove Detached 2nd Unit SB9-01-2023 SFD R 1 10/30/2023 1 Note: "+" indicates an optional f
Project Identifier
Annual Building Activity Report Summary - New Construction, Entitled, Permits and Completed Units 1 Unit Types Affordability by Household Incomes - Completed Entitlement Affordability by Hous 4 on formulas
Streamlining Infill
89 11 12 13 14 15 16
Low- Income
Non Deed
Restricted
ModerateIncome Deed
Restricted
ModerateIncome Non
Deed Restricted
Above
ModerateIncome Building Permits Date Issued # of Units Issued Building Permits Very Low- Income Deed Restricted Very Low- Income Non Deed Restricted Low- Income Deed Restricted Low- Income Non Deed Restricted Moderate- Income Deed Restricted Moderate- Income Non Deed Restricted Above Moderate- Income Certificates of Occupancy or other forms of readiness (see instructions) Date Issued # of Units issued Certificates of Occupancy or other forms of readiness How many of the units were Extremely Low Income? Please select the streamlining provision the project was APPROVED pursuant to. (may select multiple) Infill Units? Y/N+ Assistance Programs for Each Development (may select multiple - see instructions) 0 7 0 58 184 0 0 0 0 5 0 1 6 0
1 8/23/2022 1 1 1/18/2023 1 NONE Y1 12/22/2022 1 1 9/20/2023 1 NONE Y1 1/13/2023 1 1 5/2/2023 1 NONE Y1 1/30/2023 1 0 NONE Y 1 5/15/2023 102 0 NONE Y CDLAC, RDA, Other1 8/11/2023 19 0 NONE Y CDLAC, RDA, Other 54 3/14/2023 54 0 NONE Y
1 9/27/2022 1 1 9/7/2023 1 NONE Y1 4/27/2023 1 0 NONE Y1 8/17/2022 1 1 4/24/2023 1 NONE Y1 7/18/2023 1 0 NONE Y1 8/28/2023 1 0 NONE Y1 4/5/2023 1 0 NONE Y1 5/19/2023 1 0 NONE Y 0 0 SB 35 (2017) Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 NONE Y0 0 SB 9 (2021) - Duplex in SF Zone Y 1 12/4/2023 1 0 SB 9 (2021) - Duplex in SF Zone Y
0 0 SB 9 (2021) - Duplex in SF Zone Y
1 2/9/2023 1 1 6/21/2023 1 SB 9 (2021) - Duplex in SF Zone Y 0 0 SB 9 (2021) - Duplex in SF Zone Y
ield
Housing with Finan
and/or Deed R sehold Incomes - Building Permits Affordability by Household Incomes - Certificates of Occupancy 7 10
Housing without Financial
Assistance or Deed
Restrictions
Term of Affordability
or Deed Restriction Notes
17 18 19 20 21 22 23 24 25
Deed Restriction
Type
(may select multiple
- see instructions)
For units affordable without
financial assistance or deed
restrictions, explain how the
locality determined the units
were affordable
(see instructions)
Term of Affordability or
Deed Restriction (years)
(if affordable in perpetuity
enter 1000)+
Number of
Demolished/Destroyed
Units
Demolished or
Destroyed Units
Demolished/De
stroyed Units
Owner or
Renter
Total Density Bonus Applied
to the Project (Percentage
Increase in Total Allowable
Units or Total Maximum
Allowable Residential Gross
Floor Area)
Number of Other
Incentives,
Concessions, Waivers,
or Other Modifications
Given to the Project
(Excluding Parking Waivers or Parking
Reductions)
List the incentives,
concessions,
waivers, and
modifications
(Excluding Parking Waivers or Parking
Modifications)
Did the project receive a
reduction or waiver of
parking standards? (Y/N)
Notes+
0 Other 1000 Recorded deed restriction in perpetuity
Other 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 City loan, funding from LA County, and Housing Choice Vouchers; rents restricted by funding agreements Other 1000
Funding from the City, LA County, and a private grant; rents restricted by funding agreements Other 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuity DB, Other 55 0.0%
1 Development Standards Modification
Yes
Other 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuityOther 1000 Recorded deed restriction in perpetuity ncial Assistance
Restrictions Demolished/Destroyed Units Density Bonus
Jurisdiction Santa Fe Springs ANNUAL ELEMENT PROGRESS REPORT Reporting Year 2023 (Jan. 1 - Dec. 31) Housing Element ImplementationPlanning Period 6th Cycle 10/15/2021 - 10/15/2029 1 Projection Period 34
RHNA Allocation by
Income Level
Projection Period -
06/30/2021-
10/14/2021
2021 2022 2023 2024 2025 2026 2027 2028 2029 Total Units to Date (all years) Total Remaining RHNA by Income Level Deed Restricted - - 1 89 - - - - - - Non-Deed Restricted - - - - - - - - - - Deed Restricted 1 1 4 30 - - - - - -
Non-Deed Restricted - - - - - - - - - -
Deed Restricted 2 - 8 7 - - - - - -
Non-Deed Restricted - - - - - - - - - -
Above Moderate 388 - - - 58 - - - - - - 58 330
952
3 1 13 184 - - - - - - 201 751
5 67
Extremely low-Income
Need 2021 2022 2023 2024 2025 2026 2027 2028 2029 Total Units to Date Total Units Remaining 127 - 1 - - - - - - - 1 126
VLI Deed Restricted
VLI Non Deed Restricted
123
Please note: For the last year of the 5th cycle, Table B will only include units that were permitted during the portion of the year that was in the 5th cycle. For the first year of the 6th cycle, Table B will only include units that were permitted since the start of the planning period. Projection Period units are in a separate column.

Total RHNATotal Units
Income Level
Very LowLowExtremely Low-Income Units*
Note: units serving extremely low-income households are included in the very low-income RHNA progress and must be reported as very low-income units in section 7 of Table A2. They must also be reported in the extremely low-income category (section 13) in Table A2 to be counted as progress toward meeting the extremely low-income housing need determined pursuant to Government Code 65583(a)(1).*Extremely low-income houisng need determined pursuant to Government Code 65583(a)(1). Value in Section 5 is default value, assumed to be half of the very low-income RHNA. May be overwritten.

Progress toward extremely low-income housing need, as determined pursuant to Government Code 65583(a)(1).

Please Note: Table B does not currently contain data from Table F or Table F2 for prior years. You may login to the APR system to see Table B that contains this data.Please note: The APR form can only display data for one planning period. To view progress for a different planning period, you may login to HCD's online APR system, or contact HCD staff at [email protected]. 135
90 This table is auto-populated once you enter your jurisdiction name and current year data. Past year information comes from previous APRs. 17 Moderate
253 159 152
Please contact HCD if your data is different than the material supplied here 36 2
Table B
Regional Housing Needs Allocation Progress
Permitted Units Issued by Affordability
163
Jurisdiction Santa Fe Springs
Reporting Year 2023 (Jan. 1 - Dec. 31)
123 4
Name of Program Objective Timeframe in H.E Status of Program Implementation Home Improvement Rebate Program
Pursue outside funding, such as CDBG or other viable financial sources, to support reinitiation of the Home Improvement Rebate Program. Re-evaluate program guidelines in light of funding constraints to ensure an effective program. Seek to assist a minimum of 12 lower income households and four extremely low income households. Additionally, work with nonprofit organizations to obtain financial assistance to rehabilitate dwellings owned or rented by lower-income households.

Re-initiate program in 2022; outreach to non-profit organizations on annual basis; and ongoing When redevelopment was dissolved, the Home Improvement Rebate Program was eliminated, but the City continued to re-evaluate the long-term viability of the program, including the possible use of CDBD funding. On November 15, 2022 , the City Council approved $104,000 of CDBG funds for a Home Improvement Grant Program. The program provides financial assistance in the form of grants of up to $20,000 to low income households for the rehabilitation of owner-occupied, single-family dwellings, condominiums, townhomes, mobile homes, and 1-4 unit rental properties. Through an RFP process, Willdan was selected to administer the program.

Property Maintenance Program
Continue to bring properties into compliance with the City's Property Maintenance Ordinance; provide information on available rehabilitation assistance. Seek to complete 80 residential Code Enforcement inspections annually. 2021-2029 During calendar year 2023, the City processed a total of 127 residential code enforcement cases.

Sale of HARP Properties
Transfer ownership of HARP properties to a non-profit for provision of first-time homebuyer units. Seek to provide one moderate income unit. 2021-2029
The City has a vacat lot at 9257 Millergrove Drive. City staff has been working with Habitat For Humanity (Habitat) to gift them the land for construction of a low-income housing unit. Habitat has submitted a proposal to build two additional homes using the adjacent greenbelt area, which requires City Council approval. A decision is expected by the 3rd quarter 2024.

Homebuyer Assistance Programs
Advertise the availability of the Los Angeles County Homeownership Program (HOP), the Southern California Home Financing Authority (SCHFA) homeownership assistance programs, and the Mortgage Credit Certificate (MCC) Program.

Update advertising materials by 2022, and ongoing thereafter.

The City provides a description of the HOP, SCHFA, and MCC programs on its website, along with links to the programs on the Los Angeles County Development Authority (LACDA) website with program application information and dates for homebuyer seminars.

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Housing Programs Progress Report
Describe progress of all programs including local efforts to remove governmental constraints to the maintenance, improvement, and development of housing as identified in the housing element.

Table D
Program Implementation Status pursuant to GC Section 65583 Affordable Housing
Assistance
Encourage and facilitate affordable housing development in Santa Fe Springs—including housing for extremely low-, very low-, and low-income households— by providing incentives to private developers along with information regarding the availability of funding through Federal and State housing assistance programs. Assist with the development of thtree (3) affordablehousing projects.

Outreach to affordable housing developers on an annual basis and ongoing.

In 2022, the City entered into a Purchase and Sale Agreement with Habitat For Humanity, The Whole Child, and The Richman Group of California (Richman Group) to develop 139 units of affordable housing on Housing Successor Agency-owned property. Planning entitlements were approved for both The Whole Child and Richman Group projects in 2022. The Whole Child and The Richman Group of Californiacommenced grading for their 19 units of transitional/supportive housing and 102 units of lower-income housing in August 2023. Habitat For Humanity is expected to be receive Planning Commission approval for their 18 units of affordable for-sale housing in 2024.

Residential Sites Inventory and Monitoring of No Net Loss Monitor the status of potential sites to ensure adequate sites to accommodate the City’s entire RHNA allocation of 952 units (253 very low income, 159 low income, 152 moderate income, and 388 above moderate income) during the 2021-2029 planning period, and continue to provide site information to interested developers.

Ongoing; annual assessment of status of housing sites inventory as part of the Housing Element annual progress reporting process to HCD and OPR.

The City has submitted and will continue to submit its Annual Report for each year of the 2021-2029 Housing Element planning period. The City has been monitoring its site inventory in conjunction with this process to ensure the continued availability of adequate site capacity to meet its RHNA allocation.

Accessory Dwelling Units (ADUs)
Pursue several strategies to promote ADU production, which include: 1) prepare preapproved ADU design templates, available at no charge to applicants; 2) promote development of ADUs by providing written information at the City’s planning counter and on the City’s website; 3) monitor ADU permit applications and approvals through the Housing Element Annual Progress Report process and identify and implement additional incentives or other strategies, as appropriate; and 4) establish an ADU “amnesty” program to allow existing unpermitted units to comply with code standards without penalty, helping to preserve accessory units. Produce 125 ADUs during the planning period.

Implement ADU production strategies within two years of Housing Element adoption; annual monitoring thereafter.

In 2023, the City entitled 23 ADUs, issued permits for 9 ADUs, and issued COOs for 6 ADUs. The city website was updated to include information about ADU laws taking effect in 2023.

Healthy and Sustainable Living Environment
Encourage and facilitate energy conservation and building design strategies to help residents minimize energy-related expenses and impacts from transportation corridors and industrial uses.

Update energy conservation information available one year after adoption of the Housing Element, and ongoing thereafter.

The City website provides information on the California Green Building Code, along with links to a number of websites for sustainability tips and resources, including information about recycling, proper disposal of electronic waste, and energy and water conservation rebates.

Section 8 Rental Assistance
Program
Continue participation in program administered by the Los Angeles County Development Authority (LACDA). Promote the use of the Section 8 Program with the goal of maintaining at least the current level of assistance (219 voucher holders) Continue to promote the Section 8 Program to residents and property owners through dissemination of brochures at public counters, providing information on the City’s website, and referring residents and property owners to the LACDA. Discuss program with landlords in conjunction with possible annual rental inspections.

The City does not administer its own Section 8 Program, but instead, the City provides a description of the Section 8 Program on its website, along with a link to the program on the LACDA website with program application information.

Preservation of Assisted Rental Housing
Monitor at-risk properties; as necessary, pursue alternative funding for rent subsidies and provide tenant education. Conserve 34 units of low-income housing.

Contact owners/operators annually and ongoing
Santa Fe Springs contained one project at risk of conversion to market rate during the 2021-2029 planning period: Villa Verde (34 units). On June 15, 2022, the Villa Verde project received an award of private activity bond allocation from the California Debt Limit Allocation Committee, enabling the Villa Verde Housing Partners to preserve the affordability of the project for an additional 55 years. As a result, this project’s affordability was extended from 2022 to 2077 and is no longer at-risk of conversion to market rate.

Zoning Code Revisions
Undertake multiple Zoning Code revisions required to create adequate zoning capacity to achieve the City's RHNA allocation of 925 units.

Establish new mixed-use zones and R-3 zone regulations in parallel with Housing Element adoption; adopt other amendments within two years of Housing Element adoption.

The new mixed use zones and R-3 zone regulations were establshed in conjunction with the initial adoption of the 2021-2029 Housing Element in February 2022. The mixed use and R-3 development standards were adopted into the Zoning Code on September 5, 2023.

Density Bonus
Promote the use of density bonus incentives and provide technical assistance to developers in utilizing density bonus for maximize feasibility and meet local housing needs. Amend the existing density bonus ordinance to become fully compliant with Government Code §65915.

Amend ordinance within two years of Housing Element adoption; ongoing promotion of density incentives thereafter.

The City last amended its ordinance in 2017 for consistency with changes in State density bonus law, effective January 1, 2017. The City intends to further update the ordinance to become fully compliant with more recent changes in the State density bonus law.

CEQA Exemptions for Infill Projects
Continue to utilize CEQA categorical exemptions where appropriate, on a caseby-case basis. 2021-2029 No categorical exemptions were used for residential infill projects during 2023 because all housing projects were processed ministerially.

Objective Design Standards
Adopt objective design standards to ensure that the City can provide local guidance on design and standards for byright projects as allowed by State law.

Adopt standards within two years of HousingElement adoption.

Objective Development Standards for the Medium Density Residential, High Density, Mixed Use and Mixed Use TOD zones were formulated and presented to the Planning Commission and City Council in 2023.

Inclusionary Housing Ordinance
Adopt an inclusionary housing ordinance requiring residential rental housing developments to include a specified percentage of affordable units as a condition of development.

Within three years of Housing Element adoption.

The drafting, supporting economic feasibility analysis, and adoption of the ordinance will be completed within three years of adopting the final Housing Element.

Affirmatively Furthering Fair
Housing (AFFH)
Promote and affirmatively further fair housing opportunities and promote housing for all persons, including those protected by the California Fair Employment and Housing Act and any other State and federal fair housing and planning laws.

The Housing Element identifies 12 AFFH Actions to be carried out over the 2021-2029 planning period to address fair housing issues and the contributing factors .

Execution of the AFFH actions/strategies identified in the Housing Element has commenced and will continue over the course of the planning period. Brochures about fair housing services provided in Santa Fe Springs through the Housing Rights Center are provided at City Hall.

Social Service Programs for Special Needs Groups
Maintain proactive social service programs; augment services as directed by the Social Services and Senior Citizen Advisory Committees. 2021-2029 The City has maintained active social services programs for its residents, mainly through its Community Services Department.

Housing Opportunities for Persons Living with Disabilities Coordinate with East Los Angeles Regional Center (ELARC) to publicize info on resources for housing and services. Pursue State and Federal funds available for supportive housing and services in conjunction with future affordable housing projects, and apply for funds at least once during planning period. 2021-2029
The City has placed links on its website to the following resources for housing and services for persons with disabilities: East Los Angeles Regional Center; A Community of Friends; and Corporation for Supportive Housing.

Residential Rental Inspection Program
Revisit the Residential Rental Inspection program put on hold during the COVID-19 pandemic and determine whether the program should be continued. Evaluate its effectiveness on achieving goals of improving housing conditions and whether the program is applied fairly and equitably.

Within two years of Housing Element adoption.

There is interest by one Councilmember to initiate a program that requires all housing to be inspected prior to sale. This needs a majority decision to move forward. Although not exactly the same as the Residential Rental Inspection Program, the proposal would ensure that substandard housing is brought into code compliance.

State-owned Surplus Properties and City-owned Property
Seek housing developers for State-owned sites in Santa Fe Springs expected to be declared surplus properties available for sale. Facilitate housing development on City-owned sites, particularly those identified to accommodate the lowerincome RHNA allocation. 2024 - Initiate pursuit of State-owned (Caltrans and CHP) sites and City-owned sites; 2025-2026 - implementation of well abandonment; 2026-2028 - issue request for proposal to solicit housing developer.

In 2023, the City pursued grants to assist with funding the costs to abandon some of the gas wells on site. Planning grants are anticipated to be distributed in 2024.

Water and Sewer Service
Providers
Submit the final adopted Housing Element to the City of Santa Fe Springs water and sewer service providers— including internal City departments—in accordance with Government Code Section 65589.7 and coordinate with relevant contacts regarding their review and input. Adopt required procedures to grant priority for the provision of water and sewer services to proposed developments that include units affordable to lower-income households as required by Government Code 65589.7 Submit the final adopted Housing Element to City of Santa Fe Springs water and sewer service providers within 30 days of adoption of Housing Element; adopt procedures for grantng priority to lower-income households for water and sewer services within three years final Housing Element adoption.

Actions will be carried out within 30 days and up to three years, respectively, following adoption of the final Housing Element.

Fair Housing Services
Promote Fair Housing programs through advertisement in the City newsletter, and through program brochures placed at public locations. 2021-2029
Brochures about fair housing services provided in Santa Fe Springs through the Housing Rights Center are provided at City Hall. In addition, the City provides links to the following fair housing resources on its website: California Department of Fair Employment and Housing; Los Angeles County Housing Resource Center; The Housing Rights Center; Neighborhood Legal Services of Los Angeles County; and Inner City Law Center.

Mid-Cycle Review
The City will conduct a mid-cycle review and at that time, apply new housing laws effective at that time, including AB 2339, which includes revising zoning standards to accommodate emergency shelters. 2025 to 2026 Actions will be carried out in 2025-2026.

Jurisdiction Santa Fe Springs
Reporting Period 2023 (Jan. 1 - Dec. 31)Planning Period 6th Cycle 10/15/2021 - 10/15/2029 ANNUAL ELEMENT PROGRESS REPORT Housing Element Implementation
23 4
APN Street Address Project Name+ Local Jurisdiction Tracking ID+ Realistic Capacity Identified in the Housing Element Entity to whom the site transferred Intended Use for Site 8011-012-902 13231 Lakeland Road The Richman Group of California - Rental Housing DPA 975, DPA 991 102 The Richman Group of California Very-low and low-income rental housing 8011-012-902 13231 Lakeland Road The Whole Child - Interim Housing DPA 974 19 The Whole Child Transitional/supportive housing 1 Summary Row: Start Data Entry Below
Note: "+" indicates an optional fieldCells in grey contain auto-calculation formulas Table G
Locally Owned Lands Included in the Housing Element Sites Inventory that have been sold, leased, or otherwise disposed of Project Identifier
NOTE: This table must only be filled out if the housing element sites inventory contains a site which is or was owned by the reporting jurisdiction, and has been sold, leased, or otherwise disposed of during the reporting year.

Jurisdiction Santa Fe Springs Note: "+" indicates an optional field Reporting Period 2023
(Jan. 1 - Dec.
31)
Cells in grey contain auto-calculation
formulas
Designation Size Notes
1 2 34 5 6 7
APN Street Address/Intersection Existing Use Number of Units Surplus Designation Parcel Size (in acres) Notes 8011-011-906,
8011-011-907 and
8011-011-912)
10934 Laurel Avenue Vacant 18 Surplus Land 0.75
City intends to transfer site to Habitat
for Humanity for the construction of
18 for-sale condominiums for lowcome households.
8011018900-
8011018906,
8011019911
Telegraph Road Corridor Vacant 179 Surplus Land 9.5
Site preparation/clean-up will be
costly and time consuming due to
eight active and 17 abandoned oil
wells on the property.

NOTE: This table must contain an invenory of ALL surplus/excess lands the reporting jurisdiction owns Summary Row: Start Data Entry Below
Parcel Identifier

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Table H
Locally Owned Surplus Sites
For Los Angeles County jurisdictions, please format the APN's as follows:9999-999-999 Jurisdiction Santa Fe Springs ANNUAL ELEMENT PROGRESS REPORT Reporting Period 2023 (Jan. 1 - Dec. 31)Planning Period 6th Cycle 10/15/2021 - 10/15/2029 No Does the Jurisdiction have a local tenant preference policy? If the jurisdiction has a local tenant preference policy, provide a link to the jurisdiction's webpage on their internet website containing authorizing local ordinance and supporting materials.

Notes
Table K
Tenent Preference Policy
Local governments are required to inform HCD about any local tenant preference ordinance the local government maintains when the jurisdiction submits their annual progress report on housing approvals and production, per Government Code 7061 (SB 649, 2022, Cortese). Effective January 1, 2023, local governments adopting a tenant preference are required to create a webpage on their internet website containing authorizing local ordinance and supporting materials, no more than 90 days after the ordinance becomes operational.

Jurisdiction Santa Fe Springs
Reporting Year 2023 (Jan. 1 - Dec. 31)
Total Award Amount Total award amount is auto-populated based on amounts entered in rows 15-26.

Task $ Amount Awarded $ Cumulative Reimbursement
Requested
Other
Funding Notes
Project mangement and
staff/consultant meetings related to
Housing Element and Zoning
Amendment
$15,000.00 $0.00 Other
Task is 98% completed. Project was part of much
larger General Plan and Zoning Ordinance Update
with estimated cost of over $1M. In addition to
LEAP grant, funding included SB2 grant ($160,000),
SB1 grant ($330,000), and General Fund.

Draft Guiding Pricipals and
Housing Policies $5,000.00 $0.00 Other
Needs
Assessment/Constraints/Resource
s
$8,000.00 $0.00 Other
Screencheck/Public Draft Housing
Element/Zoning Amendments $19,000.00 $0.00 Other
Final Housing Element/Zoning
Amendments $13,000.00 $0.00 Other
HCD Certification
meetings/process/changes $4,350.00 $0.00 Other
Task is 95% completed. City is currently revising the
Housing Element in response to a forth round of
HCD comments. Two outstanding items remain. The
City and will submit a revised draft to HCD for
review by May 2024.

Gateway Cities COG Housing
Technical Sevices $650.00 $0.00 Other Contributed to hiring of regional housing planner.

Summary of entitlements, building permits, and certificates of occupancy (auto-populated from Table A2) Current Year
Deed Restricted 0
Non-Deed Restricted 0
Deed Restricted 12
Non-Deed Restricted 0
Deed Restricted 98
Non-Deed Restricted 0
3 113
Current Year
Deed Restricted 89
Non-Deed Restricted 0
Deed Restricted 30
Non-Deed Restricted 0
Deed Restricted 7
Non-Deed Restricted 0
58 184
Current Year
Deed Restricted 0
Non-Deed Restricted 0
Deed Restricted 0
Non-Deed Restricted 0
Deed Restricted 5
Non-Deed Restricted 0
1 6
Moderate
Above Moderate
Total Units
Completed Entitlement Issued by Affordability Summary
Income Level
Very Low
Low
Moderate
Above Moderate
Total Units
Building Permits Issued by Affordability Summary
Income Level
Very Low
Low
Total Units
Certificate of Occupancy Issued by Affordability Summary Income Level
Very Low
Low
Moderate
Above Moderate
Completed
Completed
In Progress
Completed

ANNUAL ELEMENT PROGRESS REPORT
Local Early Action Planning (LEAP) Reporting
(CCR Title 25 §6202)
Completed
Please update the status of the proposed uses listed in the entity’s application for funding and the corresponding impact on housing within the region or jurisdiction, as applicable, categorized based on the eligible uses specified in Section 50515.02 or 50515.03, as applicable.
$ 65,000.00
Task Status
In Progress
Completed
ITEM # 14

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Cuong Nguyen, Director of Community Development

SUBJECT: ADOPTION OF LOCAL GUIDELINES FOR IMPLEMENTING THE

CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA)
DATE: May 7, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Find and determine that the project is Categorically Exempt pursuant to Section 15308 (Class 8 – Actions by Regulatory Agencies for Protection of the Environment) of the California Environmental Quality Act (CEQA); and 2) Adopt Resolution No. 9904 to approve the City of Santa Fe Springs Local Guidelines Implementing CEQA; and
3) Take such additional, related action that may be desirable.

FISCAL IMPACT
Approval of this item will not have an impact on the Fiscal Year 2023-2024 City budget.

BACKGROUND
On April 8, 2024, the Planning Commission adopted Resolution No. 261-2024 to recommend that the City Council approve and adopt the City of Santa Fe Springs Local Guidelines Implementing CEQA. The Planning Commission report is included in this report as Attachment B.

CITY COUNCIL AGENDA REPORT – MEETING OF MAY 7, 2024
Adoption of Local Guidelines for Implementing the California Environmental Quality Act (CEQA)

Page 2 of 2 ends

Santa Fe Springs City CouncilMay 7, 2024

Santa Fe Springs City Council
May 7, 2024