Agenda packet, second session — Santa Fe Springs City Council, October 21, 2025 (part 1 of 2)

Agenda

10.21.2025 - CITY COUNCIL AGENDA.PDF
Meeting Materials
OCTOBER 21, 2025, MEETING VIDEO

10.21.2025 - AGENDA PACKET.PDF

1. Documents:

2. Documents:

CITY OF SANTA FE SPRINGS

MEETINGS OF THE PUBLIC FINANCING AUTHORITY,

WATER UTILITY AUTHORITY, HOUSING SUCCESSOR,

SUCCESSOR AGENCY, AND CITY COUNCIL
AGENDA
TUESDAY, OCTOBER 21, 2025
AT 5:00 P.M.

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

CITY COUNCIL
William K. Rounds, Mayor
Joe Angel Zamora, Mayor Pro Tem
Annette Rodriguez, Councilmember
Juanita Martin, Councilmember
John M. Mora, Councilmember

CITY MANAGER CITY ATTORNEY
René Bobadilla, P.E. Rick Olivarez

CITY STAFF
Assistant City Manager Nicholas Razo
Fire Chief Chad Van Meeteren
Police Chief Aviv Bar
Director of Community Development Cuong Nguyen
Director of Community Services Maricela Balderas
Director of Finance Julio Morales
Director of Parks & Recreation Gus Hernandez
Director of Police Services Arlene Salazar
Director of Public Works James Enriquez
City Clerk Fernando N. Muñoz
October 21, 2025: City Council Meeting Page 2 of 8

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.gov/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, 2025, City Council Members are subject to SB 1439 and cannot participate in certain decisions for a year after accepting campaign contributions of more than $500 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.

Council Meeting Start Times: If there is a closed session or study session scheduled on the agenda, the regular meeting shall be scheduled to start at 5:00 p.m. and open session shall start at 6:00 p.m. If there is no closed session or study session scheduled on the agenda, the regular meeting shall be scheduled to start at 6:00 p.m.

Please Note: Staff reports and supplemental attachments are available for inspection online and 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.

October 21, 2025: City Council Meeting Page 3 of 8

CALL TO ORDER

ROLL CALL

PUBLIC COMMENTS ON CLOSED SESSION ITEMS
At this time, the general public may address the City Council on closed session items only.

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.

1. CLOSED SESSION

CONFERENCE WITH REAL PROPERTY NEGOTIATIORS
(Pursuant to Government Code Section 54956.8)
Property: 11900 Telegraph Road (Assessor Parcel No. 8009-026-012 & 018) Agency negotiator: René Bobadilla, City Manager and Cuong Nguyen, Director of Community Development
Negotiating parties: Piograph Venture LLC
Under negotiation: Price and Terms

2. CLOSED SESSION
CONFERENCE WITH LEGAL – ANTICIPATED LITIGATION: One Matter (Pursuant to Government Code Section 54956.9(d)(2) and 54956.9(e)(1))

3. CLOSED SESSION
CONFERENCE WITH LABOR NEGOTIATORS: One Matter
(Pursuant to California Government Code Section 54957.6) Agency Designated Representatives: City Manager
Employee organization: Santa Fe Springs City Employees’ Association

CLOSED SESSION REPORT
REGULAR SESSION – BEGINNING AT 6:00 P.M.

INVOCATION

PLEDGE OF ALLEGIANCE

INTRODUCTIONS

PRESENTATIONS

4. PROCLAMATION – RED RIBBON WEEK (PARKS AND RECREATION)

5. PROCLAMATION – BREAST CANCER AWARENESS MONTH, “PAINT THE TOWN PINK” (COMMUNITY SERVICES)
October 21, 2025: City Council Meeting Page 4 of 8

6. WHITTIER POLICE DEPARTMENT – 30TH ANNIVERSARY OF PARTNERSHIP

WITH SANTA FE SPRINGS (POLICE SERVICES)

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
PUBLIC HEARING – NONE
OLD BUSINESS – NONE
REGULAR BUSINESS – NONE

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.

PUBLIC FINANCING AUTHORITY

7. MINUTES OF THE SEPTEMBER 16, 2025 PUBLIC FINANCING AUTHORITY

MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Approve the minutes as submitted.

8. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED

THROUGH THE CITY OF SANTA FE SPRINGS PUBLIC FINANCING AUTHORITY (PFA) (FINANCE)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Receive and file the report.

WATER UTILITY AUTHORITY

9. MINUTES OF THE SEPTEMBER 16, 2025 WATER UTILITY AUTHORITY

MEETINGS (CITY CLERK)
October 21, 2025: City Council Meeting Page 5 of 8
RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Approve the minutes as submitted.

10. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED

THROUGH THE CITY OF SANTA FE SPRINGS WATER UTILITY AUTHORITY (WUA) (FINANCE)
RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Receive and file the report.

HOUSING SUCCESSOR

11. MINUTES OF THE SEPTEMBER 16, 2025 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Housing Successor:
1) Approve the minutes as submitted.

SUCCESSOR AGENCY

12. MINUTES OF THE SEPTEMBER 16, 2025 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

13. AMENDMENT NO. 1 TO AGREEMENT WITH VEHICLE PARKING UNLIMITED (COMMUNITY DEVELOPMENT)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Authorize the City Manager/Executive Director to execute Amendment No. 1 to the agreement with Vehicle Parking Unlimited (VPU) to revise the rent payment and reporting due dates from the first (1st) to the fifth (5th) calendar day of each month; and
2) Authorize the City Manager to take any additional, related action(s) that may be desirable.

CITY COUNCIL

14. MINUTES OF THE SEPTEMBER 16, 2025 CITY COUNCIL MEETINGS (CITY CLERK)
October 21, 2025: City Council Meeting Page 6 of 8
RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.

15. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDING SEPTEMBER 30, 2025 (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.

16. SECOND READING OF ORDINANCE NO. 1164 – AN ORDINANCE UPDATING THE 2025 EDITION OF THE CALIFORNIA FIRE CODE (FIRE)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Ordinance No. 1164:

AN ORDINANCE AMENDING SECTIONS 93.01, 93.03, 93.04 OF CHAPTER 93 (FIRE PREVENTION AND PROTECTION) OF THE SANTA FE SPRINGS

MUNICIPAL CODE, TO UPDATE REFERENCES TO, ADOPT, AND ENFORCE THE 2025 EDITION OF THE CALIFORNIA FIRE CODE; and
2) Take such additional, related, action that may be desirable.

17. STATE HOMELAND SECURITY PROGRAM FUNDS – AWARD OF PURCHASE

OF MOTOROLA PORTABLE RADIOS AND ACCESSORIES (FIRE)
RECOMMENDATION: It is recommended that the City Council:
1) Award the purchase to Motorola Solutions, in the amount of $105,363.43 for Portable Radios and related accessories; and
2) Take such additional, related, action that may be desirable.

18. FIRE STATION HEADQUARTERS OFFICE RENOVATION – FINAL PAYMENT (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the Final Payment to RAMCO General Engineering Contractors, Inc. of Sylmar, California for $1,003,783 (Less 5% Retention); and 2) Approve the final contract amount with RAMCO General Engineering Contractors, Inc. in the amount of $1,414,737; and
October 21, 2025: City Council Meeting Page 7 of 8
3) Authorize the City Manager to execute Contract Change Orders Numbers 1-23 in an aggregate amount of $1,010,424; and
4) Appropriate an additional $50,000 from Utility Users Tax (UTT) to the Fire Station Headquarters Office Renovation (PW250007); and
5) Take such additional, related action that may be desirable.

19. STAGE ROAD AND ISELI ROAD STREET IMPROVEMENTS – FINAL PAYMENT (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the Final Payment to Toro Enterprises, Inc. of Oxnard, California for $921,489 (Less 5% Retention); and
2) Approve the final contract amount with Toro Enterprises Inc., Inc. in the amount of $1,295,421; and
3) Authorize the Director of Public Works to execute Contract Change Orders Nos. 1-3 in an aggregate amount of $90,233; and
4) Take such additional, related action that may be desirable.

20. AMENDED AND RESTATED JOINT EXERCISE OF POWERS AUTHORITY AGREEMENT – APPROVAL OF RESOLUTION NO. 9978 (PUBLIC WORKS) RECOMMENDATION: It is recommended that the City Council:
1) Adopt Resolution No. 9978, approving the Amended and Restated Joint Exercise of Powers Authority Agreement, as presented; and
2) Authorize the City Manager to execute the Amended and Restated Joint Exercise of Powers Authority Agreement; and
3) Take such additional, related, action that may be desirable.

21. STREET LIGHT LED CONVERSION PROJECT – CHANGE ORDER APPROVAL (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize the City Manager to execute Change Order No. 3 in the amount of $27,775 for the contract with Yunex, LLC., for additional work; and 2) Authorize an expenditure in the amount of $21,579 for additional supplies for the subject project; and
October 21, 2025: City Council Meeting Page 8 of 8
3) 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, 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.gov; 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 PUBLIC FINANCING AUTHORITY,

WATER UTILITY AUTHORITY, HOUSING SUCCESSOR,

SUCCESSOR AGENCY, AND CITY COUNCIL
AGENDA
TUESDAY, OCTOBER 21, 2025
AT 5:00 P.M.

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

CITY COUNCIL
William K. Rounds, Mayor
Joe Angel Zamora, Mayor Pro Tem
Annette Rodriguez, Councilmember
Juanita Martin, Councilmember
John M. Mora, Councilmember

CITY MANAGER CITY ATTORNEY
René Bobadilla, P.E. Rick Olivarez

October 21, 2025: City Council Meeting Page 3 of 8

CALL TO ORDER

ROLL CALL

PUBLIC COMMENTS ON CLOSED SESSION ITEMS
At this time, the general public may address the City Council on closed session items only.

1. CLOSED SESSION

2. CLOSED SESSION
CONFERENCE WITH LEGAL – ANTICIPATED LITIGATION: One Matter (Pursuant to Government Code Section 54956.9(d)(2) and 54956.9(e)(1))

CLOSED SESSION REPORT
REGULAR SESSION – BEGINNING AT 6:00 P.M.

INVOCATION

PLEDGE OF ALLEGIANCE

INTRODUCTIONS

PRESENTATIONS

4. PROCLAMATION – RED RIBBON WEEK (PARKS AND RECREATION)

5. PROCLAMATION – BREAST CANCER AWARENESS MONTH, “PAINT THE TOWN PINK” (COMMUNITY SERVICES)
October 21, 2025: City Council Meeting Page 4 of 8

6. WHITTIER POLICE DEPARTMENT – 30TH ANNIVERSARY OF PARTNERSHIP

WITH SANTA FE SPRINGS (POLICE SERVICES)

CHANGES TO AGENDA

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST
PUBLIC HEARING – NONE
OLD BUSINESS – NONE
REGULAR BUSINESS – NONE

PUBLIC FINANCING AUTHORITY

7. MINUTES OF THE SEPTEMBER 16, 2025 PUBLIC FINANCING AUTHORITY

MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Approve the minutes as submitted.

8. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED

THROUGH THE CITY OF SANTA FE SPRINGS PUBLIC FINANCING AUTHORITY (PFA) (FINANCE)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Receive and file the report.

WATER UTILITY AUTHORITY

9. MINUTES OF THE SEPTEMBER 16, 2025 WATER UTILITY AUTHORITY

MEETINGS (CITY CLERK)
October 21, 2025: City Council Meeting Page 5 of 8
RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Approve the minutes as submitted.

10. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED

THROUGH THE CITY OF SANTA FE SPRINGS WATER UTILITY AUTHORITY (WUA) (FINANCE)
RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Receive and file the report.

HOUSING SUCCESSOR

11. MINUTES OF THE SEPTEMBER 16, 2025 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Housing Successor:
1) Approve the minutes as submitted.

SUCCESSOR AGENCY

12. MINUTES OF THE SEPTEMBER 16, 2025 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

CITY COUNCIL

15. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDING SEPTEMBER 30, 2025 (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.

AN ORDINANCE AMENDING SECTIONS 93.01, 93.03, 93.04 OF CHAPTER 93 (FIRE PREVENTION AND PROTECTION) OF THE SANTA FE SPRINGS

MUNICIPAL CODE, TO UPDATE REFERENCES TO, ADOPT, AND ENFORCE THE 2025 EDITION OF THE CALIFORNIA FIRE CODE; and
2) Take such additional, related, action that may be desirable.

17. STATE HOMELAND SECURITY PROGRAM FUNDS – AWARD OF PURCHASE

FOR ITEM NO. 7, PLEASE SEE ITEM NO. 14
ITEM # 8

CITY OF SANTA FE SPRINGS

PUBLIC FINANCING AUTHORITY AGENDA STAFF REPORT
TO: Honorable Chair and Board Members
FROM: René Bobadilla, P.E., Executive Director
BY: Julio Morales, Director of Finance
SUBJECT: MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS

ISSUED THROUGH THE CITY OF SANTA FE SPRINGS PUBLIC

FINANCING AUTHORITY (PFA)
DATE: October 21, 2025
RECOMMENDATION(S):

It is recommended that the Public Financing Authority:
1) Receive and file the report.

FISCAL IMPACT
N/A

BACKGROUND/DISCUSSION
The Santa Fe Springs Public Financing Authority (PFA) is a City entity that has periodically issued debt for the benefit of the Santa Fe Springs community. The following is a brief status report on the debt instruments currently outstanding that were issued through the PFA.

Consolidated Redevelopment Project 2006-A Tax Allocation Bonds Financing proceeds available for appropriation at 9/30/25 None Outstanding principal at 9/30/25 $7,750,000
Bond Repayment
The former Community Development Commission (CDC) issued a number of tax allocation bonds before it was dissolved by State law effective February 1, 2012 which are administered by the City acting as Successor Agency under the oversight of the appointed Oversight Board. The Successor Agency no longer receives tax increment.

CITY COUNCIL AGENDA REPORT – MEETING OF OCTOBER 21, 2025

MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED THROUGH

THE CITY OF SANTA FE SPRINGS PUBLIC FINANCING AUTHORITY (PFA)

Page 2 of 2 ends

ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

Instead, distributions from the Redevelopment Property Tax Trust Fund (RPTTF) are received based on approved obligations. It is anticipated that sufficient allocations from the RPTTF will continue to be made to the Successor Agency to meet ongoing debt service obligations.

Unspent Bond Proceeds
Under an approved Bond Expenditure Agreement, unspent bond proceeds of the former CDC in the amount of approximately $19 million were transferred to the City in July 2014.

The funds are to be spent in accordance with the original bond documents. The unspent proceeds continue to be a source of funding within the City’s capital improvement program (CIP).
2016 Bond Refunding
In July 2016, the Successor Agency issued its 2016 Tax Allocation Refunding Bonds, which paid off several bond issuances of the former CDC. The bonds were originally issued through the Public Financing Authority and included the 2001 Series A, 2002 Series A, 2003 Series A, the current interest portion of the 2006 Series A, and 2006 Series B bond issuances.
2017 Bond Refunding
In December 2017, the Successor Agency issued its 2017 Tax Allocation Refunding Bonds, which paid off the 2007 Tax Allocation Bonds of the former CDC. The 2007 Bonds were originally issued through the Public Financing Authority.

ANALYSIS
The report is presented for informational purposes only.

ENVIRONMENTAL
N/A

SUMMARY/NEXT STEPS
The Successor Agency will continue to request sufficient distributions from the RPTTF to make required bond payments through maturity on September 1, 2028.

ATTACHMENT(S):

None.

FOR ITEM NO. 9, PLEASE SEE ITEM NO. 14
ITEM # 10

CITY OF SANTA FE SPRINGS

WATER UTILITY AUTHORITY AGENDA STAFF REPORT
TO: Honorable Chair and Board Members
FROM: René Bobadilla, P.E., Executive Director
BY: Julio Morales, Director of Finance
SUBJECT: MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS

ISSUED THROUGH THE CITY OF SANTA FE SPRINGS WATER UTILITY

AUTHORITY (WUA)
DATE: October 21, 2025
RECOMMENDATION(S):

It is recommended that the Water Utility Authority:
1) Receive and file the report.

FISCAL IMPACT
N/A

BACKGROUND/DISCUSSION
The Santa Fe Springs Water Utility Authority (WUA) is a city entity that has issued debt for the benefit of the Santa Fe Springs community. The following is a brief status report on the debt instruments currently outstanding that were issued through the WUA.

Water Revenue Bonds, 2013
Financing proceeds available for appropriation at 9/30/2025 None Outstanding principal on 9/30/2025 $6,890,000
Water Revenue Bonds, 2018
Financing proceeds available for appropriation at 9/30/2025 None Outstanding principle on 9/30/2025 $175,000
In May 2013 the Water Utility Authority issued the 2013 Water Revenue Bonds in the amount of $6,890,000. The bonds refunded the existing 2003 Water Revenue Bonds CITY COUNCIL AGENDA REPORT – MEETING OF OCTOBER 21, 2025

MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED THROUGH

THE CITY OF SANTA FE SPRINGS WATER UTILITY AUTHORITY (WUA)

Page 2 of 2 ends

ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:
(issued through the Public Financing Authority) and provided additional funds for water improvement projects in the amount of $2,134,339. The funds were restricted for use on water system improvements. In August 2013 the Water Utility Authority Board appropriated the proceeds for the Equipping Water Well No. 12 Project and all proceeds were since used on this project.

In January 2018 the Water Utility Authority issued the 2018 Water Revenue Bonds in the amount of $1,800,000. The bonds refunded the existing 2005 Water Revenue Bonds (issued through the Public Financing Authority). No additional funds were raised through the issuance of the 2018 Water Revenue Bonds.

The WUA was formed in June of 2009. Water revenue bonds issued prior to this date were issued through the City of Santa Fe Springs Public Financing Authority.

ANALYSIS
The report is presented for informational purposes only.

ENVIRONMENTAL
N/A

SUMMARY/NEXT STEPS
The WUA budget includes sufficient appropriations, and adequate revenues are expected to be collected to meet the debt service obligations associated with the 2013 and 2018 Water Revenue Bonds.

ATTACHMENT(S):

None.

FOR ITEM NO. 11, PLEASE SEE ITEM NO. 14
FOR ITEM NO. 12, PLEASE SEE ITEM NO. 14
ITEM # 13

CITY OF SANTA FE SPRINGS

SUCCESSOR AGENCY AGENDA STAFF REPORT
TO: Honorable Chair and Board Members
FROM: Rene Bobadilla, P.E., Executive Director
BY: Cuong Nguyen, Director of Community Development
SUBJECT: AMENDMENT NO. 1 TO AGREEMENT WITH VEHICLE PARKING

UNLIMITED
DATE: October 21, 2025

RECOMMENDATION
It is recommended that the Successor Agency:
1) Authorize the City Manager/Executive Director to execute Amendment No. 1 to the agreement with Vehicle Parking Unlimited (VPU) to revise the rent payment and reporting due dates from the first (1st) to the fifth (5th) calendar day of each month; and
2) Authorize the City Manager to take any additional, related action(s) that may be desirable.

FISCAL IMPACTS
There are no anticipated negative fiscal impacts resulting from this amendment. The payment structure and rent percentage remain unchanged.

The minor change in due date may slightly delay the timing of monthly revenue deposits (by up to four days), but this effect is expected to be negligible. The amendment is primarily administrative and does not affect overall lease revenue projections.

BACKGROUND
On July 1, 2025, the Successor Agency to the Community Development Commission/Redevelopment Agency of the City of Santa Fe Springs (“Successor Agency”) entered into a Lease Agreement (“Lease”) with Vehicle Parking Unlimited, LLC (“Tenant”) for the use of real property known as “Block 5,” located at 10448 Bloomfield SUCCESSOR AGENCY AGENDA REPORT – MEETING OF OCTOBER 21, 2025 AMENDMENT NO. 1 TO AGREEEMENT WITH VEHICLE PARKING UNLIMITED

Page 2 of 3 ends

Avenue, Santa Fe Springs, California (APNs: 8011-018-900 through 8011-018-906, and 8011-019-911).

Under the Lease, the Tenant operates a business providing temporary parking and storage for commercial vehicles and wheeled equipment. In exchange, the Tenant pays rent to the Successor Agency equal to twenty-five percent (25%) of the gross receipts earned each month.

The Lease currently requires the Tenant to submit monthly gross receipts reports and rent payments on or before the first (1st) calendar day of each month. Amendment No. 1 proposes to extend this deadline to the fifth (5th) calendar day of each month to impact administrative efficiency and accommodate the Tenant’s report processes during the Lease term.

ENVIRONMENTAL
N/A

DISCUSSION
The proposed First Amendment to the Lease Agreement modifies only the due date for both rent payments and monthly gross receipts reports. Specifically, it extends the due date from the first (1st) calendar day to the fifth (5th) calendar day of each month.

This revision provides the Tenant with a modest administrative buffer to compile, verify, and remit accurate financial information each month, while still ensuring timely revenue collection by the Successor Agency. All other terms and conditions of the original Lease remain unchanged, including the rent calculation method, permitted use, and lease term.

The amendment has been reviewed as to form by Agency Counsel and found to be legally sufficient.

SUMMARY/NEXT STEPS
Approval of the First Amendment to the Lease Agreement will formalize the revised reporting and payment due dates. Following City Council/Agency approval:

1. The Executive Director will execute the First Amendment on behalf of the Successor Agency;

2. The Tenant will be notified of the effective date of the amendment; and

3. Staff will continue to monitor monthly gross receipts reports and rent payments to ensure compliance with the updated schedule.

SUCCESSOR AGENCY AGENDA REPORT – MEETING OF OCTOBER 21, 2025 AMENDMENT NO. 1 TO AGREEEMENT WITH VEHICLE PARKING UNLIMITED

Page 3 of 3 ends

ATTACHMENTS
A. Amendment No. 1 to Agreement with Vehicle Parking Unlimited ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:
1 2025

FIRST AMENDMENT TO LEASE AGREEMENT
(MC&C Site III)
THIS FIRST AMENDMENT (hereinafter, “First Amendment”) to that certain agreement entitled “Lease Agreement” entered into on July 1, 2025 (hereinafter, the “Lease”), is hereby made and entered into this 21st day of October 2025 (hereinafter, the “Effective Date”), by and between the SUCCESSOR AGENCY TO THE COMMUNITY

DEVELOPMENT COMMISSION/REDEVELOPMENT AGENCY OF THE CITY OF SANTA FE SPRINGS, a public body, corporate, and politic (hereinafter, “SUCCESSOR AGENCY”) and VEHICLE PARKING UNLIMITED, LLC, a California limited liability company (hereinafter, “TENANT”). For purposes of this First Amendment, the capitalized term “Parties” shall be a collective reference to both SUCCESSOR AGENCY and TENANT. The capitalized term “Party” may refer to either SUCCESSOR AGENCY or TENANT, interchangeably as appropriate.

RECITALS
WHEREAS, on July 1, 2025, the Parties entered into the Lease (attached and incorporated hereto as Exhibit “A”) for the lease of real property commonly identified as “Block 5” located at 10448 Bloomfield Ave, Santa Fe Springs, California 90670 (APNs:
8011-018-900, 8011-018-901, 8011-018-902, 8011-018-903, 8011-018-904, 8011-018- 905, 8011-018-906 and 8011-019-911) (“MC&C III”), as more particularly described in the Legal Description attached to the Lease (the “Property”); and WHEREAS, the Lease authorizes TENANT to use and occupy the Property to operate its business of providing temporary parking and storage of commercial vehicles and wheeled equipment to subtenants for daily, weekly, and monthly fees, subject to the terms and conditions set forth in the Lease (the “Permitted Use”), as consideration for TENANT’s monthly payment of rent to SUCCESSOR AGENCY in the amount of twentyfive percent (25%) of the gross receipts TENANT received the previous month from the Permitted Use (the “Rent”); and
WHEREAS, the Lease states that TENANT shall pay the Rent and submit a report detailing TENANT’s gross receipts from the previous month, including all payments TENANT received per parking stall (the “Monthly Gross Receipts Report”) to SUCCESSOR AGENCY on or before the first (1st) calendar day of each month of the Term of the Lease; and
WHEREAS, the Parties wish to modify the terms of the Lease to change the date that TENANT must pay the Rent and submit the Monthly Gross Receipts Report to SUCCESSOR AGENCY on or before the fifth (5th) calendar day of each month of the 2 Term of the Lease; and
WHEREAS, at its Regular Meeting of October 21, 2025, the SUCCESSOR AGENCY approved the execution of this First Amendment.

NOW, THEREFORE, SUCCESSOR AGENCY and TENANT agree as follows:

1. The Recitals above, and the terms defined therein, are true and correct and incorporated into the body of this First Amendment by this reference.

2. Section 5.1 of the Lease is hereby amended to change the date by which TENANT must pay the Rent to SUCCESSOR AGENCY to on or before the fifth (5th) calendar day of each month of the Term of the Lease.

3. Section 5.2 of the Lease is hereby amended to change the date by which TENANT must submit the Monthly Gross Receipts Report to SUCCESSOR AGENCY to on or before the fifth (5th) calendar day of each month of the Term of the Lease.

4. Except as otherwise set forth in this First Amendment, the Lease shall remain binding, controlling, and in full force and effect. This First Amendment shall be deemed a part of the Lease and, together with the Lease, shall constitute the entire, complete, final, and exclusive expression of the Parties with respect to the matters addressed in both documents.

5. In the event of any conflict or inconsistency between the provisions of this First Amendment and the provisions of the Lease, the provisions of this First Amendment shall control, but only in so far as such provisions conflict with the Lease and no further.

6. If any portion of this First Amendment is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect.

7. This First Amendment shall be interpreted and governed according to the laws of the State of California. In the event of litigation between the Parties, venue shall be in the Los Angeles County Superior Court of the State of California. If, and only if, applicable law requires that all or part of any such litigation be tried exclusively in federal court, venue shall be in the Central District of California located in the City of Los Angeles, California.

8. The individuals executing this First Amendment and the instruments referenced herein on behalf of SUCCESSOR AGENCY and TENANT each represent and warrant that they have the legal power, right, and actual authority to bind SUCCESSOR AGENCY and TENANT, respectively, to the terms and conditions hereof and thereof.

9. This First Amendment may be executed by SUCCESSOR AGENCY and TENANT in multiple counterpart originals, all of which together shall constitute a single agreement.
[SIGNATURES ON FOLLOWING PAGE]
3 IN WITNESS WHEREOF, the Parties hereto have caused this First Amendment to be executed on the day and year first appearing above.

SUCCESSOR AGENCY:

SUCCESSOR AGENCY TO THE

COMMUNITY DEVELOPMENT

COMMISSION/REDEVELOPMENT

AGENCY OF SANTA FE SPRINGS
By: ____________________________
René Bobadilla, Executive Director
Date:

APPROVED AS TO FORM:

By: ____________________________
Paloma Perez-McEvoy,
Successor Agency Counsel
Date:

TENANT:

VEHICLE PARKING UNLIMITED, LLC
By: ____________________________
Mark D. Loxsom, Owner
Date:
4 EXHIBIT “A”
[LEASE AGREEMENT ON FOLLOWING PAGE]
1 2025

LEASE AGREEMENT
(MC&C Site III)
THIS LEASE AGREEMENT (hereinafter, “Lease”) is made and entered into this 1st day of July, 2025 (hereinafter, the “Effective Date”) by and between the SUCCESSOR

AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION/REDEVELOPMENT AGENCY OF THE CITY OF SANTA FE SPRINGS, a California municipal corporation (hereinafter, “SUCCESSOR AGENCY”) and the VEHICLE PARKING UNLIMITED, LLC, a California limited liability company (hereinafter, “TENANT”). For the purposes of this Lease, SUCCESSOR AGENCY and TENANT may be referred to collectively by the capitalized term “Parties.” The capitalized term “Party” may refer to SUCCESSOR AGENCY or TENANT interchangeably, as appropriate.

RECITALS
WHEREAS, SUCCESSOR AGENCY is the owner of real property commonly identified as “Block 5” located at 10448 Bloomfield Ave, Santa Fe Springs, California 90670 (APNs: 8011-018-900, 8011-018-901, 8011-018-902, 8011-018-903, 8011- 018-904, 8011-018-905, 8011-018-906 and 8011-019-911) (“MC&C III”), as more particularly described in the Legal Description attached to this Lease as Exhibit “A” (hereinafter, the “Property”); and
WHEREAS, the Property consists of approximately 10 acres of land partially occupied by oil wells operated by Bridgeland Resources, LLC, BR SFS, LLC, and their affiliates (collectively, “BRIDGELAND”); and
WHEREAS, BRIDGELAND operates the wells either through oil and gas leases or through the ownership of the mineral rights of the Property, in which BRIDGELAND is the lessee or mineral owner; and
WHEREAS, through such oil and gas lease or mineral ownership, BRIDGELAND has blanket surface access rights over the Property to operate the wells; and WHEREAS, BRIDGELAND and SUCCESSOR AGENCY are in the process of abandoning the oil wells to prepare the Property for redevelopment; and WHEREAS, TENANT desires to utilize the usable portions of land surrounding the existing oil field on the Property to operate its business providing temporary parking and storage of commercial vehicles and wheeled equipment to subtenants for daily, weekly, and monthly fees, subject to the terms and conditions set forth in this Lease (the “Permitted Use”); and
Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 2 WHEREAS, California’s Surplus Lands Act (Gov. Code § 54221 et seq.) (“Surplus Lands Act”) provides under Gov. Code § 54221(d)(2)(A) that the entering of a lease for a term of fifteen (15) years or less, inclusive of any extension or renewal options, is not considered a disposition for purposes of the Surplus Lands Act and is therefore not subject to its requirements; and
WHEREAS, this Lease is not subject to the requirements of the Surplus Lands Act pursuant to Gov. Code § 54221(d)(2)(A) because the Parties agree the term of this Lease will not exceed five (5) years from the Effective Date; and WHEREAS, at its Regular Meeting of July 1, 2025 the SUCCESSOR AGENCY adopted Resolution No. SA-2025-003 approving the execution of this Lease.

NOW, THEREFORE, for and in consideration of the mutual covenants and conditions herein contained, SUCCESSOR AGENCY and TENANT agree as follows:

INCORPORATION OF RECITALS

1.1. Recitals. The Recitals above, and the terms defined therein, are true and correct and incorporated into the body of this Lease by this reference.

II.

DEFINITIONS

2.1. Defined Terms. As used herein, the following terms and phrases shall have the meanings indicated:
(a) “BRIDGELAND” means Bridgeland Resources, LLC, BR SFS, LLC, and their affiliates.
(b) “Complaining Party” has the meaning set forth in Section 13.1 of this Lease.
(c) “Defaulting Party” has the meaning set forth in Section 13.1 of this Lease. (d) “Effective Date” has the meaning set forth in the Preamble, above. (e) “Leased Premises” has the meaning set forth in Section 3.1 of this Lease. (f) “Monthly Gross Receipts Report” has the meaning set forth in Section 5.2 of this Lease.
(g) “Notice of Default” has the meaning set forth in Section 13.1 of this Lease. (h) “Permitted Use” has the meaning set forth in the Recitals, above. (i) “Property” has the meaning set forth in the Recitals, above.

Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 3 (j) “Rent” has the meaning set forth in Section 5.1 of this Lease. (k) “Security Deposit” has the meaning set forth in Section 5.3 of this Lease. (l) “Subtenant” has the meaning set forth in Section 12.1 of this Lease. (m) “SUCCESSOR AGENCY” means the Successor Agency To The Community Development Commission/Redevelopment Agency Of The City Of Santa Fe Springs.
(n) “TENANT” means Vehicle Parking Unlimited, LLC.
(o) “Term” has the meaning set forth in Section 4.1 of this Lease. (p) “Term Expiration Date” has the meaning set forth in Section 4.2 of this Lease.

III.

GRANT OF LEASE

3.1. Lease of Leased Premises. SUCCESSOR AGENCY, in consideration of the Rent to be paid and the covenants and agreements to be performed and observed by TENANT under this Lease, does hereby lease the Property to TENANT and TENANT does hereby lease and take the Property from SUCCESSOR AGENCY (the "Leased Premises").

IV.

TERM

4.1. Lease Term. The Lease shall have a periodic tenancy commencing as of the Effective Date and continuing on a month-to-month basis until SUCCESSOR AGENCY or TENANT terminates the tenancy by providing the other Party with a written 60-day notice of termination (the “Term”).

4.2. Expiration of Lease Term. In no event shall the Term of this Lease extend beyond five (5) years from the Effective Date (the “Term Expiration Date”).

RENT

5.1. Payment of Monthly Rent. On or before the first calendar day of each month of the Term of this Lease, TENANT shall pay rent to SUCCESSOR AGENCY in the amount of twenty-five percent (25%) of the gross receipts TENANT received the previous month from the Permitted Use (hereinafter, the “Rent”). In no event shall TENANT sublease any portion of the Leased Premises pursuant to Article XII of this Lease for an amount equivalent to less than Two-Hundred and Fifty Dollars ($250.00) per month, per vehicle for a twenty to twenty-five foot (20’-25’) parking stall, or Three-Hundred and Fifty Dollars ($350.00) per month, per vehicle for a thirty-five to forty foot (35’-40’) parking stall.

Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 4 5.2. Monthly Gross Receipts Report. In addition to payment of Rent, on the before the first calendar day of each month of the Term of this Lease, TENANT shall submit to the SUCCESSOR AGENCY a report detailing TENANT’s gross receipts from the previous month (the “Monthly Gross Receipts Report”), including all payments TENANT received per parking stall, such that SUCCESSOR AGENCY may confirm the accuracy of rent received from TENANT each month of the Term.

5.3. Security Deposit. On or before the Effective Date of this Lease, TENANT shall deposit with the SUCCESSOR AGENCY the sum of Twenty-Five Thousand Dollars ($25,000) as security for TENANT’s full and faithful performance of all terms of this Lease (“Security Deposit”). Upon any breach of TENANT’s obligations under this Lease, SUCCESSOR AGENCY may apply all or part of the Security Deposit as compensation for such breach, including but not limited to reimbursement for the cost of any repairs SUCCESSOR AGENCY makes on TENANT’s behalf pursuant to the terms of this Lease.

SUCCESSOR AGENCY shall return any unapplied balance of the Security Deposit to TENANT on or before thirty (30) days after the termination or expiration of this Lease, provided that TENANT has fully and faithfully carried out all terms of this Lease.

5.4. Payment of Taxes and Fees. In addition to payment of Rent and the Security Deposit to SUCCESSOR AGENCY, TENANT will be responsible to pay all taxes and fees arising out of the Permitted Use of the Property.

5.5. Waiver. SUCCESSOR AGENCY’s acceptance of Rent from TENANT in an amount less than the full amount owed pursuant to a true and correct Monthly Gross Receipts Report shall not be deemed a waiver by SUCCESSOR AGENCY for the full amount or in any way defeat or affect the rights and remedies of SUCCESSOR AGENCY to pursue the full amount under this Lease.

VI.

AUTHORIZED USE

6.1. Uses. The Leased Premises shall be used and occupied by TENANT solely and exclusively for the Permitted Use subject to obtaining all entitlement, permits and other approvals required for the Permitted Use contemplated under this Agreement.

6.2. Suitability. TENANT acknowledges that neither SUCCESSOR AGENCY nor any agent of SUCCESSOR AGENCY has made any representation or warranty with respect to the Leased Premises concerning its suitability for the conduct of TENANT’s contemplated activities or operations, nor has SUCCESSOR AGENCY agreed to undertake any modification, alteration or improvement to the Leased Premises except as SUCCESSOR AGENCY in its sole discretion may wish to undertake prior to granting TENANT possession of the Leased Premises. The taking of possession of the Leased Premises by TENANT shall conclusively establish that the Leased Premises and the Property were both at such time in satisfactory condition. TENANT acknowledges and agrees that it shall take possession of the Leased Premises “as is.”

6.3. Uses Prohibited.

Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 5 (a) TENANT shall not do or permit anything to be done in or about the Leased Premises nor bring or keep anything therein which will increase or otherwise affect the rate of any insurance (including but not limited to fire insurance) upon the Leased Premises or upon any of its contents (unless TENANT shall pay any such increased premium as a result of such use or acts), or cause a cancellation of any insurance policy covering said Leased Premises or any part thereof or any of its contents, nor shall TENANT sell or permit to be kept, used or sold in or about said Leased Premises any articles which may be prohibited by a standard form policy of fire insurance.
(b) TENANT shall not do or permit anything to be done in or about the Leased Premises which will in any way obstruct or interfere with the rights of other tenants or occupants of the Leased Premises, including but not limited to BRIDGELAND, or injure or annoy them or use or allow the Leased Premises to be used for any unlawful purpose, any purpose which unduly interferes with the use and enjoyment of the Property by other tenants, or any purpose which exceeds the scope of use set forth in Section 6.1.

TENANT shall not commit or suffer to be committed any waste in or upon the Leased Premises.
(c) TENANT shall not use the Leased Premises or permit anything to be done in or about the Leased Premises which will in any way conflict with any law, statute, ordinance or governmental rule or regulation or requirement of any duly constituted public authorities now in force or which may thereafter be enacted or promulgated. TENANT shall at its sole cost and expense promptly comply with all laws, statutes, ordinances and governmental rules, regulations or requirements now in force or which may hereafter be in force and with the requirements of any board of fire underwriters or other similar body now or hereafter constituted relating to or affecting the condition, use or occupancy of the Leased Premises, excluding structural changes not relating to or affecting the condition, use or occupancy of the Leased Premises, or not related or afforded by TENANT’s improvements or acts. The judgment of any court of competent jurisdiction or the admission of TENANT in any action against TENANT, whether SUCCESSOR AGENCY be a party thereto or not, that TENANT has violated any law, statute, ordinance or governmental rule, regulation or requirement, shall be conclusive of the fact as between SUCCESSOR AGENCY and TENANT.
(d) Notwithstanding Section 6.4(a) of this Lease below, SUCCESSOR AGENCY reserves the right to approve or deny in its sole and absolute discretion the installation of any and all trade fixtures upon the Leased Premises by or on behalf of TENANT, including but not limited to trade fixtures which may necessitate the alteration or modification of the Leased Premises or which may cause damage to the Leased Premises upon installation or upon removal.

Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 6 6.4. Improvements.
(a) Permitted Tenant Improvements. SUCCESSOR AGENCY shall allow TENANT to make the following improvements to the Leased Premises, at the sole cost and expense of TENANT:
i. Secure the perimeter of the Leased Premises with new or repaired six foot (6’) fencing along Telegraph Road and Bloomfield Avenue that is ninety-five percent (95%) obscured to screen trucks and equipment from public view, new eight foot (8’) fencing along the easternly property line adjacent to the railroad right of way, and new or repaired fencing along the southernly property line as necessary; ii. Install eight by thirty-foot (8’ x 30’) access-controlled security gates with twenty-four (24) hour video monitoring;
iii. Install and maintain wireless internet services for remote access to security cameras and access control systems;
iv. Remove all vegetation overgrowth within the yard areas and on the street frontages with continued maintenance during the term of this Lease;
v. Prepare all yard surfaces as required for the driving, parking, and storage of commercial trucks and other wheeled equipment; vi. Install protection bollards and/or railings around existing oil field equipment and infrastructure as necessary;
vii. Construct parking stall markings and signage as needed; and viii. Install solar power and storage systems to power operations. (b) Additional Tenant Improvements. Notwithstanding the improvements expressly permitted in the foregoing Section 6.4(a), TENANT shall not and may not undertake any improvements to the Leased Premises without the express written consent of SUCCESSOR AGENCY which consent may be granted, denied or conditionally granted in SUCCESSOR AGENCY’s sole and absolute discretion. All persons or entities making improvements to the Leased Premises on TENANT’s behalf must first be approved by SUCCESSOR AGENCY in its sole and absolute discretion and must provide SUCCESSOR AGENCY with such documentation as
SUCCESSOR AGENCY, in its sole and absolute discretion, may request, establishing that the person or entity is duly licensed and qualified to perform such improvements.

VII.

MAINTENANCE AND REPAIRS; ALTERATIONS AND ADDITIONS
Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 7 7.1. Maintenance and Repairs.
(a) SUCCESSOR AGENCY Obligations.
i. SUCCESSOR AGENCY shall be under no obligation to undertake such repairs or construct such improvements to the Leased Premises as SUCCESSOR AGENCY deems unreasonable,
unnecessary, or economically infeasible in SUCCESSOR
AGENCY’s sole and absolute discretion.
(b) TENANT Obligations.
i. TENANT, at TENANT’s sole cost and expense, shall maintain the Leased Premises and any and all trade fixtures utilized by TENANT in a clean, operable, and good condition and repair, including but not limited to vegetation control and trash removal. TENANT expressly waives the benefits of any statute now or hereafter in effect which would otherwise afford TENANT the right to make repairs at SUCCESSOR AGENCY’s expense.
ii. Notwithstanding any other provisions of this Lease to the contrary, TENANT shall obtain prior written approval from SUCCESSOR AGENCY for all tenant improvements including but not limited to painting, installation of flooring, ceilings, partition walls, doors including hardware, and installation or replacement of plumbing, mechanical, or electrical fixtures. Approval of said items shall not be unreasonably withheld by the SUCCESSOR AGENCY. Such written approval shall be issued by the Executive Director or his designee. iii. TENANT agrees to repair, at its own expense, any damage to the Leased Premises caused by or in connection with the removal of any articles of personal property, business or trade fixtures, machinery, equipment, cabinetwork, furniture, moveable partitions or permanent improvements or additions to SUCCESSOR AGENCY’s reasonable satisfaction, all at TENANT’s sole cost and expense. TENANT shall indemnify the SUCCESSOR AGENCY against any loss or liability resulting from delay by TENANT in so surrendering the Leased Premises, including without limitation any claims made by any succeeding TENANT founded on such delay.
iv. TENANT shall be solely and exclusively responsible for the payment of all electrical, water, gas, telephone, internet and cable television services and any other utilities provided to the Leased Premises. v. TENANT shall contract with third parties for security, sanitation, and trash collection services, at TENANT’s sole cost and expense. vi. TENANT shall comply with standards of health, sanitation, fire, housing and safety as required by law.

Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 8 VIII.

ENTRY UPON LEASED PREMISES BY SUCCESSOR AGENCY

8.1. Oil and Gas Well Abandonment. TENANT acknowledges that its use of the entire Leased Premises may be limited by BRIDGELAND and SUCCESSOR AGENCY’s ongoing work to operate and/or abandon oil and gas wells located on the Leased Premises. BRIDGELAND, SUCCESSOR AGENCY and their duly authorized officers, agents, employees, consultants and contractors reserve the right to enter and occupy portions of the Leased Premises during the Term as necessary to complete such operations and abandonment of oil and gas wells located the Leased Premises. In the event BRIDGELAND requires use of a rig, SUCCESSOR AGENCY, BRIDGELAND, or both shall give TENANT at least 10 days’ notice of its intent to enter and occupy portions of the Leased Premises for the purpose of such rig work. Such notice shall indicate the occupied portions of the Leased Premises, restricted areas of access (including any buffer zones), and contemplated period of restricted access to complete such oil and gas operations and abandonment work. TENANT expressly acknowledges and hereby waives any claim to quiet enjoyment of the Leased Premises or Rent abatement for activities carried out for this purpose.

8.2. Inspection, Improvements, and Repairs. SUCCESSOR AGENCY and its duly authorized officers, agents, employees, consultants and contractors reserve the right to enter the Leased Premises during the Term to inspect the same or to alter, improve or repair the Leased Premises. To the extent possible, SUCCESSOR AGENCY shall give TENANT reasonable notice of its intent to enter the Leased Premises, and the purpose for such intended visit.

8.3. Access to Leased Premises. For each of the aforesaid purposes, including BRIDGELAND oil and gas operations, SUCCESSOR AGENCY, BRIDGELAND, or both shall at all times have and retain the ability to unlock all security gates or doors in, upon and about the Leased Premises, and SUCCESSOR AGENCY, BRIDGELAND, or both shall have the right to use any and all means which SUCCESSOR AGENCY, BRIDGELAND, or both may deem proper to open said security gates or doors in an emergency, in order to obtain entry to the Leased Premises, and any entry to the Leased Premises obtained by SUCCESSOR AGENCY, BRIDGELAND, or both by any of said means, or otherwise, shall not under any circumstances be construed or deemed to be a forcible or unlawful entry into, or a detainer of, the Leased Premises, or an eviction of TENANT from the Leased Premises or any portion thereof.

IX.

INDEMNIFICATION

9.1. Indemnity. TENANT shall indemnify, defend and hold SUCCESSOR AGENCY and BRIDGELAND harmless from and against any and all claims arising from TENANT’s use of the Leased Premises or the conduct of its business or from any activity, work, or thing done, permitted or suffered by TENANT in or about the Leased Premises and shall further indemnify, defend and hold SUCCESSOR AGENCY and BRIDGELAND harmless from and against any and all claims arising from any breach or default in the performance of any obligation on TENANT’s part to be performed under the terms of this Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 9 Lease, or arising from any act or negligence of TENANT, or any of its agents, contractors or employees, and from and against any and all costs, attorneys’ fees, expenses and liabilities incurred in connection with such claim or any action or proceeding brought thereon; and in case any action or proceeding be brought against SUCCESSOR AGENCY, BRIDGELAND, or both by reason of any such claim. TENANT upon notice from SUCCESSOR AGENCY, BRIDGELAND, or both shall defend the same at TENANT’s expense by counsel reasonably satisfactory to SUCCESSOR AGENCY, BRIDGELAND, or both; provided, however, that TENANT shall not be liable for damage or injury occasioned by the sole negligence or intentional acts of SUCCESSOR AGENCY or BRIDGELAND and their designated agents or employees unless covered by insurance TENANT is required to provide.

9.2. Exemption of SUCCESSOR AGENCY and BRIDGELAND from Liability.

SUCCESSOR AGENCY and BRIDGELAND shall not be liable for injury or damage which may be sustained by the person, goods, wares merchandise or property of TENANT, its employees, invites or customers or any other person in or about the Leased Premises caused by or resulting from fire, steam, electricity, gas, water or rain, which may leak or flow from or into any part of the Leased Premises, or from breakage, leakage, obstruction or other defects of the pipes, sprinklers, wires appliances, plumbing, or lighting fixtures of the same, whether the said damage or injury results from conditions arising upon the Leased Premises or upon other portions of the Property of which the Leased Premises is a part, or from other sources. SUCCESSOR AGENCY and BRIDGELAND shall not be liable for any damages arising from any act or neglect of any other TENANT (if any).

INSURANCE

10.1. TENANT Commercial General Liability Insurance. TENANT shall at TENANT’s sole cost and expense, but for the mutual benefit of SUCCESSOR AGENCY, BRIDGELAND, and TENANT, maintain throughout the Term of this Lease commercial general liability insurance against claims for personal injury, death or property damage occurring in, or about the Leased Premises and in, on, or about the sidewalks directly adjacent to the Leased Premises and such other areas as TENANT, its officers, agents, employees, contractors, licensees and/or invitees shall have the right to use pursuant to this Lease. Such general liability insurance maintained by TENANT shall have a combined single limit of not less than Two Million Dollars ($2,000,000.00) per occurrence with an annual aggregate of not less than Four Million Dollars ($4,000,000.00) and shall list SUCCESSOR AGENCY and BRIDGELAND as additional insureds.

10.2. Subtenant Commercial Liability Insurance. TENANT shall require any Subtenant of the Leased Premises, pursuant to Article XII of this Lease below, to maintain throughout the duration of its sublease, commercial general liability insurance against claims for personal injury, death or property damage occurring in, or about the Leased Premises and in, on, or about the sidewalks directly adjacent to the Leased Premises and such other areas as TENANT and any Subtenant, and their respective officers, agents, employees, contractors, licensees and/or invitees, shall have the right to use pursuant to this Lease and any sublease. Such general liability insurance maintained by any Subtenant shall have a combined single limit of not less than One Million Dollars ($1,000,000.00) per occurrence with an annual aggregate of not less than Two Million Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 10 Dollars ($2,000,000.00) and shall list SUCCESSOR AGENCY and BRIDGELAND as additionally insured.

10.3. Form of the Policies. The policies required by SUCCESSOR AGENCY shall be in a form reasonably satisfactory to SUCCESSOR AGENCY and shall include actual endorsements (CG 20 10 and CG 20 37 or equivalent) listing the SUCCESSOR AGENCY and BRIDGELAND as additional insureds.

10.4. Waiver of Subrogation. SUCCESSOR AGENCY and TENANT each hereby waive any and all rights of recovery against the other or against the officers, employees, agents and representatives of the other, on account of loss or damage occasioned to such waiving Party or its property or the property of others under its control to the extent that such loss or damage is insured against under any fire and extended coverage insurance policy which either may have in force at the time of such loss or damage.

10.5. Fire Insurance. TENANT shall procure and maintain a policy of insurance for damage and/or destruction to fixtures, equipment and other personal property which it places, stores or otherwise maintains in or on the Leased Premises where such damage and/or destruction is caused by fire.

XI.

DAMAGE TO LEASED PREMISES

11.1. Partial Damage – Insurance Available. In the event of damage causing a partial destruction of the Leased Premises during the term of this Lease and in the event there is made available to SUCCESSOR AGENCY and BRIDGELAND pursuant to Article X of this Lease above, insurance proceeds for such damage paying eighty percent (80%) or more of the cost of repairing such damage, SUCCESSOR AGENCY, BRIDGELAND, and TENANT shall utilize all such insurance proceeds to pay any additional cost and cause the Leased Premises to be repaired promptly to a condition existing immediately prior to such damage, with this Lease to continue in full force and effect.

11.2. Partial Damage – Insurance Not Available. In the event of damage causing a partial destruction of the Leased Premises during the term of this Lease and in the event there are no insurance proceeds available, or the insurance proceeds available are less than eighty percent (80%) or more of the cost of repairing such damage, then SUCCESSOR AGENCY shall have the option (a) to elect to terminate this Lease with sixty (60) days’ advance written notice and retain all insurance proceeds; or (b) to repair the damage at SUCCESSOR AGENCY’s expense. The failure of SUCCESSOR AGENCY to take any actions within a sixty (60) day period after the unavailability or amount of insurance proceeds is determined shall be deemed to be an election to terminate the Lease and retain all insurance proceeds. In the event SUCCESSOR AGENCY elects to repair such damage, such work shall be completed promptly to restore the Leased Premises to the condition existing immediately prior to such damage and this Lease shall continue in full force and effect. In the event SUCCESSOR AGENCY elects to terminate the Lease, TENANT shall have thirty (30) days thereafter to elect to pay for the cost of such repairs to the extent insurance proceeds are not available. In the event TENANT elects to do so, coincidentally therewith TENANT shall deposit with SUCCESSOR AGENCY or make available to SUCCESSOR AGENCY on terms Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 11 acceptable to SUCCESSOR AGENCY, the amount required in addition to any available insurance proceeds to complete the repairs. SUCCESSOR AGENCY shall cause such repair work to be completed promptly thereafter restoring the Leased Premises to the condition existing immediately prior to such damage, and this Lease shall continue to full force and effect.

11.3. Destruction. In the event the Leased Premises are totally destroyed, or the Leased Premises cannot be repaired as required herein under applicable laws and regulations, notwithstanding, the availability of insurance proceeds or contributions from TENANT, this lease shall be terminated effective from the date of the damage.

XII.

ASSIGNMENT AND SUBLETTING

12.1. Permitted Subletting. SUCCESSOR AGENCY acknowledges and agrees that in accordance with TENANT’s Permitted Use of the Leased Premises, TENANT shall be permitted to sublet portions on the Leased Premises to its customers (“Subtenants”) for the temporary parking and storage of Subtenants’ commercial vehicles and wheeled equipment. TENANT shall require all Subtenants of the Leased Premises to execute the Tenant Application and Agreement attached to the Lease as Exhibit “B.”

12.2. Additional Assignment and Subletting. With the exception of the permitted Subtenants described in Section 12.1 above, TENANT shall not assign, sublet, transfer, mortgage, pledge, hypothecate or encumber all or any portion of the Leased Premises, or this Lease, without the prior written consent of SUCCESSOR AGENCY and any attempt to do so without such consent being first obtained shall be wholly void and shall constitute a breach of this Lease.

12.3. No Release of TENANT. No consent by SUCCESSOR AGENCY to any assignment or subletting by TENANT shall relieve TENANT of any obligation to be performed by TENANT under this Lease whether occurring before or after such consent, assignment or subletting. Notwithstanding Section 12.1 above, the consent by SUCCESSOR AGENCY to any assignment or subletting shall not relieve TENANT from the obligation to obtain SUCCESSOR AGENCY’s express written consent to any other assignment or subletting. The acceptance of rent by SUCCESSOR AGENCY from any other person shall not be deemed to be a waiver by SUCCESSOR AGENCY of any provision of this Lease or to be a consent to any assignment, subletting or other transfer.

Consent to one assignment, subletting or other transfer shall not be deemed to constitute consent to any subsequent assignment, subletting or other transfer.

XIII.

DEFAULT, REMEDIES AND TERMINATION

13.1. Notice of Default and Opportunity to Cure. The failure of either Party to perform any obligation or duty under this Lease within the time required by this Lease shall constitute a default. The Party not in default (“Complaining Party”) shall provide written notice to the Party in default (“Defaulting Party”), specifying the nature of the default and the manner in which the default may be cured (“Notice of Default”). The Defaulting Party shall have twenty (20) days from its receipt of a Notice of Default to cure Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 12 such default. If the default cannot reasonably be cured within said twenty (20) day period, the Defaulting Party must provide written notice to the Complaining Party of its inability to cure the default within such time no later than ten (10) days after its receipt of the Notice of Default and diligently prosecute the cure to completion at the earliest practical date, but in no event later than sixty (60) days after receipt of the first Notice of Default.

13.2. Default by TENANT. The following is a non-exhaustive list of occurrences which shall constitute a default on the part of TENANT:
(a) The abandonment or vacation of the Leased Premises by TENANT prior to the expiration of the Term;
(b) The making by TENANT of any general assignment or general arrangement for the benefit of creditors; the filing by or against TENANT of a petition to have TENANT adjudged a bankrupt or the filing of a petition for reorganization or arrangement under any law relating to bankruptcy (unless, the case of a petition filed against TENANT the same is dismissed within sixty (60) days); the appointment of a trustee or receiver to take possession of substantially all of TENANT’s assets located at the Leased Premises or of TENANT’s interest in this Lease, where possession is not restored to TENANT within thirty (30) days or the attachment, execution or other judicial seizure of substantially all of TENANT’s assets located at the Leased Premises or of TENANT’s interest in this Lease where such seizure is not discharged within thirty (30) days;
(c) TENANT makes a material misrepresentation in the performance of this Lease or in the conduct of any audit of TENANT authorized under this Lease.

13.3. SUCCESSOR AGENCY Remedies. In the event of any default or breach by TENANT that is not cured within the time limits specified in Section 13.1 above, SUCCESSOR AGENCY may undertake any of the following courses of action at any time thereafter and without limiting its right to exercise any other right or remedy at law or in equity:
(a) Maintain this Lease in full force and effect and recover the Rent and other monetary charges and payments as they become due, without terminating TENANT’s rights to possession irrespective of whether TENANT has abandoned the Leased Premises. In the event SUCCESSOR AGENCY elects not to terminate the Lease, SUCCESSOR AGENCY shall have the right to attempt to re-let the Leased Premises at such rent and upon such conditions and for such a term and to do all acts necessary to maintain or preserve the Leased Premises as SUCCESSOR AGENCY deems
reasonably and necessary without being deemed to have elected to terminate the Lease, including removal of all persons and property from the Leased Premises, such property may be removed and stored in a public warehouse or elsewhere at the cost of and for the account of TENANT. In the event any such re-letting occurs this Lease shall terminate automatically upon the new TENANT taking possession of the Leased Premises.

Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 13 Notwithstanding that SUCCESSOR AGENCY fails to elect to terminate the Lease initially, SUCCESSOR AGENCY at any time during the term of this Lease may elect to terminate this Lease by virtue of such previous default of TENANT.
(b) Immediately terminate TENANT’s right to possession by any lawful means, in which case this Lease shall terminate, and TENANT shall immediately surrender possession of the Leased Premises to SUCCESSOR AGENCY.

In such event SUCCESSOR AGENCY shall be entitled to recover from TENANT all damages incurred by SUCCESSOR AGENCY by reason of TENANT’s default, including without limitation thereto the following: (i) the worth at the time of award of any unpaid Rent which had been earned at the time of such termination, plus (ii) the worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that is proved could have been reasonably avoided; plus (iii) the worth at the time of award of the amount by which the unpaid Rent for the balance of the term after the time of award exceeds the amount of such rental loss that is proved could be reasonably avoided; plus (iv) any other amount necessary to compensate SUCCESSOR AGENCY for all the detriment proximately caused by TENANT’s failure to perform its obligations under this Lease or which in the ordinary course of events would be likely to result therefrom, plus (v) at SUCCESSOR AGENCY’s election such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable State law. Upon any such re-entry SUCCESSOR AGENCY shall have the right to make any reasonable repairs, alterations or modifications to the Leased Premises, which SUCCESSOR AGENCY in its sole discretion deems reasonable and necessary. As used in (i) above, the “worth at the time of award” is computed by allowing interest at the rate of ten percent (10%) per annum from the date of default. As used in (ii) and (iii) the “worth at the time of award” is computed by discounting such amount at the discount date of the U.S. Federal Reserve Bank at the time of award plus one percent (1%).

13.4. Default by SUCCESSOR AGENCY and TENANT Remedies. In the event of any default or breach by SUCCESSOR AGENCY that is not cured within the time limits specified in Section 13.1 above, TENANT may immediately terminate this Lease in its sole and absolute discretion by delivering written notice of termination to SUCCESSOR AGENCY. SUCCESSOR AGENCY and TENANT each acknowledge and agree that SUCCESSOR AGENCY would not have entered into this Lease, if it were to be liable to the TENANT for any additional monetary damages, monetary recovery, or any remedy other than immediate termination of this Lease. Accordingly, SUCCESSOR AGENCY and TENANT agree that TENANT's sole and exclusive rights and remedies upon the breach of this Lease by SUCCESSOR AGENCY is immediate termination of this Lease.

XIV.

MISCELLANEOUS

14.1. Entire Agreement. This instrument along with any exhibits and attachments Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 14 hereto constitutes the entire agreement between SUCCESSOR AGENCY and TENANT relative to the Leased Premises and this Lease and the exhibits and attachments may be altered, amended or revoked only by an instrument in writing signed by both SUCCESSOR AGENCY and TENANT. SUCCESSOR AGENCY and TENANT agree hereby that all prior or contemporaneous oral agreement between or among themselves and their agents or representatives relative to the leasing of the Leased Premises are merged in or revoked by this Lease.

14.2. Amendments. Any amendment to this Lease shall be in writing and executed by authorized representatives of both Parties.

14.3. Severability. If any term or provision of this Lease shall, to any extent, be determined by a court of competent jurisdiction to be invalid or unenforceable the remainder of this Lease shall not be affected thereby, and each term and provision of this Lease shall be valid and be enforceable to the fullest extent permitted by law.

14.4. Costs of Suit.
(a) If TENANT or SUCCESSOR AGENCY shall bring any action for any relief against the other, declaratory or otherwise, arising out of this Lease including any suit by SUCCESSOR AGENCY for the recovery of rent or possession of the Leased Premises, then the prevailing Party shall be entitled to recover as an element of its costs of suit, and not as damages, its reasonable attorneys' fees as fixed by the court, in such action or proceeding or in a separate action or proceeding brought to recover such attorneys' fees. For the purposes hereof the words "reasonable attorneys' fees" mean and include, in the case of either Party, expenses incurred by lawyers working for or employed by such Party (allocated on an hourly basis, calculated in one-tenth of an hour increments) to the extent they provide legal services to such Party in connection with the representation of that Party in any such matter.
(b) Should SUCCESSOR AGENCY without fault on SUCCESSOR AGENCY’s part, be made a party to any litigation instituted by TENANT or by any third party against TENANT or by or against any person holding under or using the Leased Premises by licensee of TENANT, or for the foreclosure of any lien for labor or material furnished to or for TENANT or any such other person or otherwise arising out of or resulting from any act or transaction of TENANT or of any such person. TENANT covenants to defend, indemnify, and hold the SUCCESSOR AGENCY harmless from any judgment rendered against SUCCESSOR AGENCY or the Leased Premises or any part thereof and all costs and expenses, including reasonable attorneys’ fees incurred by SUCCESSOR AGENCY in or in connection with such litigation.

14.5. Time. Time is of the essence of this Lease and each and every provision hereof.

14.6. Binding Effect. The Parties hereto agree that all provisions hereof are to be Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 15 construed as both covenants and conditions as though the words importing such covenants and conditions were used in each separate paragraph hereof. Subject to any provisions hereof restricting assignment or subletting by TENANT, all of the provisions hereof shall bind and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns.

14.7. Governing Law and Venue. SUCCESSOR AGENCY and TENANT agree that this Lease shall be governed by, interpreted under, and construed and enforced in accordance with the laws of the State of California, with venue in the County of Los Angeles, California.

14.8. Waiver. No covenant, term or condition or the breach thereof shall be deemed waived, except by written consent of the Party against whom the waiver is claimed, and any waiver or the breach of any covenant, term or condition shall not be deemed a waiver of any preceding or succeeding breach of the same or any other covenant, term or condition. Acceptance by SUCCESSOR AGENCY of any performance by TENANT after the time the same shall have become due shall not constitute a waiver by SUCCESSOR AGENCY of the breach or default of any covenant, term or condition unless otherwise expressly agreed to by SUCCESSOR AGENCY in writing.

14.9. Non-Liability of SUCCESSOR AGENCY Officials. No member, official, officer, employee, agent, representative, volunteer, consultant, or contractor of SUCCESSOR AGENCY shall be personally liable to TENANT, or any successor in interest of TENANT, in the event of any default or breach by SUCCESSOR AGENCY or for any amount which may become due to TENANT or to its successor, or on any obligations under the terms of this Lease.

14.10. Relationship of the Parties. Nothing contained in this Agreement shall be deemed or construed to create a partnership, joint venture, or any other similar relationship between the Parties hereto or cause the SUCCESSOR AGENCY to be responsible in any way for the debts or obligations of TENANT or any other third-party.

14.11. Survival of Indemnity Obligations. All general and specific indemnity and defense obligation of the Parties set forth in this Lease shall survive the expiration or termination of this Agreement.

14.12. Counterpart Originals. This Lease may be executed by SUCCESSOR AGENCY and TENANT in multiple counterpart originals, all of which together shall constitute a single agreement

14.13. Third-Party Beneficiaries. Nothing in this Lease shall be deemed to confer any rights upon, nor obligate either of the Parties to this Lease to any person or entity that is not a party to this Lease, and the Parties explicitly disclaim any intent to create a third party beneficiary relationship with any person or entity as a result of this Lease.

Notwithstanding the foregoing, the Parties agree that BRIDGELAND is express third-party beneficiary to the Lease as to the sections of the Lease that confer benefits to BRIDGELAND.

14.14. Further Assurances. The Parties agree to reasonably consider such Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 16 additional actions or the execution of such other documents as may be reasonably necessary or convenient to the financing, development, and performance under this Lease, although nothing in this Section 14.14 shall be deemed a representation, guaranty or commitment by any Party to take any action or execute any document.

14.15. Authority. The individuals executing this Agreement and the instruments referenced herein on behalf of SUCCESSOR AGENCY and TENANT each represent and warrant that they have the legal power, right and actual authority to bind SUCCESSOR AGENCY and TENANT to the terms and conditions hereof and thereof.

14.16. Surrender of Leased Premises. Upon the termination of this Lease, and in no event later than the Term Expiration Date, Tenant will remove all improvements and trade fixtures, and otherwise surrender the Leased Premises in as good a state and condition as it was at the commencement of this Lease, reasonable use and wear damages excepted. If TENANT fails to surrender the Leased Premises as provided under this paragraph, SUCCESSOR AGENCY may cause any such removal and repair on TENANT’s behalf at TENANT’s expense.

14.17. Holding Over. If TENANT remains in possession of all or any part of the Leased Premises after the termination of the Lease or Term Expiration Date, except in the case of an immediate termination of this Lease in which event TENANT shall be provided forty-five (45) days from the date of termination to vacate and surrender the Leased Premises, TENANT shall pay to SUCCESSOR AGENCY an amount equal to twice the Rent pursuant to Section 5.1 of this Lease on or before the first of day of each month during the period of such occupancy, subject to every other term, covenant and agreement contained herein.

14.18. Signs.
(a) TENANT shall not inscribe, paint, affix, place or permit to be placed any projecting sign, awning, advertisement, sign, notice or placard on the Leased Premises or upon or about the entrance doors, windows, sidewalks or areas adjacent to the Leased Premises without SUCCESSOR AGENCY’s prior written consent. SUCCESSOR AGENCY reserves the right in SUCCESSOR AGENCY’s sole discretion to place on the Leased Premises any notices, signs, marquees and advertisements as SUCCESSOR AGENCY may deem appropriate in the operation of SUCCESSOR AGENCY’s affairs.
(b) Any such signs or other items described above installed by TENANT with SUCCESSOR AGENCY’s consent shall be removed by the Term Expiration Date or earlier termination of the Lease at TENANT’s expense and TENANT shall repair any damage caused to the Leased Premises resulting from such removal. If TENANT fails to do so SUCCESSOR AGENCY may cause such removal and repair on TENANT’s behalf at TENANT’s expense. If TENANT installs such items without SUCCESSOR AGENCY’s consent, TENANT shall remove the same promptly, upon receipt of a request by SUCCESSOR AGENCY to do so and shall repair the Leased Premises accordingly. If TENANT fails to do so SUCCESSOR AGENCY may cause such removal Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 17 and repair to be performed on TENANT’s behalf at TENANT’s expense.

TENANT shall not use the SUCCESSOR AGENCY or City of Santa Fe Springs name in connection with any business carried on in said Leased Premises without the prior written consent of SUCCESSOR AGENCY.

14.19. Notices. All notices or demands of any kind required or desired to be given by SUCCESSOR AGENCY or TENANT hereunder shall be in writing and shall be deemed delivered forth-eight (48) hours after depositing the notice or demand in the United States mail, certified or registered, postage prepaid addressed to the SUCCESSOR AGENCY or TENANT respectively at the addresses set forth below:

SUCCESSOR AGENCY: TENANT:

Successor Agency to the
Community Development
Commission of the City of Santa Fe
Springs
11710 Telegraph Road
Santa Fe Springs, CA 90670
Attn: René Bobadilla, Executive
Director
Phone: (562) 868-0511
With Courtesy Copies to:

Olivarez Madruga Law
Organization, LLP
500 S. Grand Ave, Floor 12
Los Angeles, CA 90071
Attn: Paloma Perez-McEvoy,
Successor Agency Counsel
Phone: (213) 744-0099
Vehicle Parking Unlimited, LLC
1100 E 3rd Street, Unit 102
Long Beach, CA 90802
Attn: Mark Loxsom, Owner
Phone: (949) 705-7540)

14.20. Maintenance and Inspection of Records.
(a) Records. TENANT shall use an accounting system approved by SUCCESSOR AGENCY and shall prepare and maintain all records as may be required by SUCCESSOR AGENCY. TENANT shall provide to SUCCESSOR AGENCY, within twenty (20) calendar days after the end of each calendar year quarter, quarterly reports of accounts in accordance with general accepted accounting principles and certified by TENANT and true and correct, and all records required to be kept by TENANT shall be made available to SUCCESSOR AGENCY upon request.
(b) Audit. TENANT shall submit all required financial records and be subject to an annual audit by a certified public accountant. All records shall be made available to the SUCCESSOR AGENCY no later than 60 days after the end of the fiscal year. The annual audit shall be conducted at TENANT’s expense. TENANT shall, however, be responsible for and shall pay for any Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 18 additional audit, accounting or legal costs incurred by either party due to additional investigation warranted because of fraud, theft or gross negligence on the part of the TENANT. If any audit required hereunder discloses any material misrepresentation by TENANT, its staff or agents in its reports, requests or negotiations with SUCCESSOR AGENCY, then SUCCESSOR AGENCY may terminate this Lease as provided under Article XIII, above.
(c) Calendar of Events. On a quarterly basis, TENANT shall provide the SUCCESSOR AGENCY a calendar of events identifying any and all events occurring on the premises for the upcoming quarter. This includes all “rental” events whether on a “special” one time basis or recurring basis.

SUCCESSOR AGENCY shall review and approve all events at its sole and absolute discretion.
[SIGNATURES ON FOLLOWING PAGE]
Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 19 IN WITNESS WHEREOF, the Parties hereto have caused this Lease to be executed on the day and year first appearing above.

SUCCESSOR AGENCY:

SUCCESSOR AGENCY TO THE

COMMUNITY DEVELOPMENT

COMMISSION/REDEVELOPMENT

AGENCY OF SANTA FE SPRINGS
By:____________________________
René Bobadilla, Executive Director
Date:

APPROVED AS TO FORM:

By:____________________________
Paloma Perez-McEvoy,
Successor Agency Counsel
Date:

TENANT:

VEHICLE PARKING UNLIMITED, LLC
By:____________________________
Mark D. Loxsom, Owner
Date:

Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 7/2/2025
7/2/2025
7/2/2025
20 Exhibit “A”
[Legal Description]
Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 21 Exhibit “B”
[Tenant Application and Agreement on Following Page]
Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 Vehicle Parking Unlimited LLC
Mark Loxsom – Owner
949-705-7540
[email protected]

TENANT APPLICATION/AGREEMENT
Truck Yard – 12381 Romandel Ave, Santa Fe Springs

1. Tenant
First Name ________ ______ Middle Initial____ Last Name Company Name ____________________________________
Street Address _____________________________________
City _____________________ State _________________ Zip
Cell Phone __________ - ________ - E-Mail Address

2. Lease Information:

Vehicle Length_____ Year ______License Plate ________ VIN# Vehicle Type/Make/Model: _____________________________
Rental Rate/Month:__________ Lease Execution Date: ________

3. Term: The term of this lease shall be month-to-month and shall automatically renew, unless either party provides notice to the other party 30 days’ notice, in writing, of its intent to terminate the lease.

In no event shall the term of this lease extend beyond July 1, 2030.

4. Liability Insurance: The Tenant must maintain Commercial General Liability that protects Vehicle Parking Unlimited LLC, 1100 E 3RD St, #102, Long Beach, CA; the Successor Agency To The Community Development Commission/Redevelopment Agency of The City of Santa Fe Springs, 11710 Telegraph Road, Santa Fe Springs, CA 90760 and Bridgeland Resources LLC/BR SFS LLC, 12720 Telegraph Road, Santa Fe Springs, CA 90670 as additionally insured by an endorsement against claims for bodily injury, personal injury and property damage based upon or arising out of the ownership, use, occupancy or maintenance of the premises and all areas appurtenant thereto.

Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $1,000,000 per occurrence with an annual aggregate of not less than $2,000,000.

5. Rental Payments
_____ Automatic Credit Card Charging (Please complete Credit Card Authorization Form) Credit Cards Accepted: American Express, Discover, MasterCard and Visa. Due to increases to what credit card companies and third party processors charge merchants to process credit card charges, there will be a 5% processing fee additional to the parking Fee. _____ Zelle payments can be made to 949-705-7540 no later than the 1st of each month with a 15% late penalty if not received by the 5th of the month. Note that Zelle has the option to setup recurring monthly payments, which is helpful.
_____ Check, due no later than the 1st of each month with a 15% late penalty if not received by the 5th of the month. Sent to the following mailing address: Vehicle Parking Unlimited LLC, C/O Mark Loxsom, 1100 E 3RD St, #102, Long Beach, CA 90802.

Tenant Signature: _____________________________________________ Date:

Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 Vehicle Parking Unlimited LLC
Mark Loxsom – Owner
949-705-7540
[email protected]
AGREEMENT TERMS/YARD RULES – 12381 Romandel Ave

1. All leases are month to month and can be ended or modified with 30-day notice by either party in writing by mail, email, or text. There is also no security deposit.

2. This lease is between the Tenant listed on this application and Vehicle Parking Unlimited LLC for a specifically assigned parking stall(s) and cannot be subleased to any other entity.

3. This lease grants you access to the property as a tenant you are allowed on the property for the purpose of parking your vehicle, if you provide access to an employee or anyone else, you are responsible for any and all liability caused by that person or entity and your liability insurance must cover them.

4. Tenant understands and acknowledges that the property contains active and abandoned oil and gas wells and it may be necessary for representatives from Successor Agency To The Community Development Commission/Redevelopment Agency of The City of Santa Fe Springs or Bridgeland Resources LLC/BR SFS LLC to conduct work on the property, including maintenance and well abandonment activities, including rig work. Tenant will receive advance notice if it is necessary for such parties to enter the property and ensure that the Tenant is provided with a space to park its vehicle.

5. The purpose of the security gate is to secure the property, you will be provided with an access code to enter and exit the property, please keep this code safe. If for any reason you feel the code has been compromised, contact us to delete the code and assign a new one.

6. Every tenant gets one gate access code that is tracked for both entering and exiting for security. If the Tenant has multiple drivers and would like separate tracking codes for each driver, please make a request and they will be provided.

7. This yard is for parking only, there will be no storage of materials, personal property, or vehicles, and nothing can be set on the ground. All other activities on the property are strictly prohibited.

8. All vehicles must have current registration tags and in good repair. Any leaked fluids must be contained, cleaned up and removed from the yard immediately.

9. Trash containers have been provided on site, they are to be used for general trash only. The following list of items (however, not limited to) are prohibited: tires, oil or any fluids, empty fluid containers (take them home and recycle), paint, vehicle parts, mattresses or any trash brought in from outside the yard, such as home remodeling debris.

10.Portable restrooms are provided in the yard, leave them as clean as you find them.

11.If you see anything that does not seem right, say something by calling or texting 949-705-7540 at any time. Including pictures with text helps to resolve the problem.

Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 Vehicle Parking Unlimited LLC
Mark Loxsom – Owner
949-705-7540
[email protected]
AGREEMENT TERMS/YARD RULES – 12381 Romandel Ave

12. All tenants must keep current the required Liability Insurance policy and have the insurance provider email to [email protected] Certificates of Insurance (COI) including the following as additionally insured: Vehicle Parking Unlimited LLC, the Successor Agency To The Community Development Commission/Redevelopment Agency of The City of Santa Fe Springs and Bridgeland Resources LLC/BR SFS LLC.

13. Personal vehicles can be parked in the Tenant’s assigned stall when Tenant’s rig is out. Personal vehicles are not allowed to be parked in any other locations.

14. Park in your assigned stall only and the parked vehicle(s) must be within the limits of the assigned stall.

15. Do not leave vehicles unattended outside of your assigned parking stall.

16. Do not block drive aisles.

17. No overnight sleeping in vehicles.

18. Any increases to monthly rent will be E-mailed and/or texted to the tenant no later than 15 days before a new rate will be in effect.

19. The tenant must notify Vehicle Parking Unlimited LLC in writing (Email or Text) thirty (30) days in advance of your intent to terminate tenancy and to pay any amounts of rent that may become due thereof.

Tenant Signature: __________________________________________ Date:

Docusign Envelope ID: 88912631-75CE-4B01-B64C-8C2C2A2679D2 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: Fernando N. Muñoz, City Clerk
SUBJECT: MINUTES OF THE SEPTEMBER 16, 2025 CITY COUNCIL MEETINGS DATE: October 21, 2025
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:
• Regular Meeting of September 16, 2025

ANALYSIS
N/A

ENVIRONMENTAL
N/A

DISCUSSION
N/A
CITY COUNCIL AGENDA REPORT – MEETING OF OCTOBER 21, 2025

MINUTES OF THE REGULAR COUNCIL MEETINGS

Page 2 of 2 ends

SUMMARY/NEXT STEPS
N/A
ATTACHMENT(S):

A. September 16, 2025 Regular Meeting Minutes
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

APPROVED:

MINUTES OF THE MEETINGS OF THE

CITY COUNCIL
September 16, 2025

CALL TO ORDER
Mayor Rounds called the meeting to order at 5:05 p.m.

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

Members absent: None.

PUBLIC COMMENTS ON CLOSED SESSION ITEMS
None

1. CLOSED SESSION

CONFERENCE WITH LEGAL COUNSEL
(Pursuant to Government Code Section 54956.9(d)(1) – Existing Litigation) People of the State of California v. Purdue Pharma L.P. et al. (Case No. 19STCV19045) Mayor Rounds recessed the meeting at 5:06 p.m.

Mayor Rounds reconvened the meeting at 6:08 p.m.

CLOSED SESSION REPORT
Deputy City Attorney, Paloma McEvoy, provided a closed session report: Council direction was to enter into a settlement agreement, and no reportable action was taken.

INVOCATION
Councilmember Martin led the invocation.

PLEDGE OF ALLEGIANCE
Ava, Paisley, Colton, and Riley Perry led the pledge of allegiance.

INTRODUCTIONS
The following members of the Chamber of Commerce were introduced:

1. John Wilson – Chamber CEO

2. Brendan Rowe – PIH Health Representative

3. Jonathan Vasquez – Little Lake City School District

PRESENTATIONS

2. PROCLAMATION – WALK TO SCHOOL DAY (COMMUNITY SERVICES) Minutes of the September 16, 2025 Public Financing Authority, Water Utility Authority, Housing Successor, Successor Agency, and City Council Meetings

Page 2 ends

3. THE BEST OF SFS (COMMUNITY SERVICES)

4. HERITAGE ARTS ADVISORY COMMITTEE ANNUAL REPORT ON PROJECTS AND

ACCOMPLISHMENTS (COMMUNITY SERVICES)

CHANGES TO AGENDA
None.

PUBLIC COMMENTS
The following persons spoke during public comments:
1) John Wilson, 2) Lee Squire, and 3) Araceli Mead

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST
Community Services Manager, Kaili Torres provided an update on the 2026 rose Float. Director of Parks and Recreation, Gus Hernandez provided information on Relay for Life and Family Bingo Night. Director of Community Development, Cuong Nguyen invited everyone in attendance to a zoning code update workshop on September 24, 2025.

PUBLIC HEARING

5. RESOLUTION NO. 9972 – APPROVAL OF PROGRAMS/PROJECTS PROPOSED FOR FUNDING DURING FISCAL YEAR 2025/2026 UNDER THE CITY’S COMMUNITY

DEVELOPMENT GRANT (CDBG) COOPERATION AGREEMENT WITH THE COUNTY

OF LOS ANGELES (CITY MANAGER)
RECOMMENDATION: It is recommended that the City Council:
1) Open the Public Hearing; and
2) Receive any comments from the public wishing to speak on this matter and thereafter close the Public Hearing; and
3) Approve the acceptance of CDBG funds as described in the body of this report; and 4) Adopt Resolution No. 9972 (Attachment “A”) approving the City’s proposed FY 2025- 26 CDBG program/projects and budgets under the Urban County Community Development Block Grant (CDBG) Program administered by the Los Angeles County Development Authority (LACDA).
5) Authorize the City Manager, or designee, to execute all documents necessary to implement the approved activities pursuant to the CDBG Cooperation Agreement with the County of Los Angeles.
6) Take such additional, related action that may be desirable.

Public Hearing opened at: 6:51 p.m.

Minutes of the September 16, 2025 Public Financing Authority, Water Utility Authority, Housing Successor, Successor Agency, and City Council Meetings

Page 3 ends

No. of Speakers: None
Public Hearing closed at: 6:51 p.m.

It was moved by Councilmember Mora, seconded by Councilmember Rodriguez, to approve the acceptance of CDBG funds as described in the body of this report, adopt Resolution No. 9972 (Attachment “A”) approving the City’s proposed FY 2025-26 CDBG program/projects and budgets under the Urban County Community Development Block Grant (CDBG) Program administered by the Los Angeles County Development Authority (LACDA), authorize the City Manager, or designee, to execute all documents necessary to implement the approved activities pursuant to the CDBG Cooperation Agreement with the County of Los Angeles, and take such additional, related action that may be desirable, by the following vote:

Ayes: Mora, Martin, Rodriguez, Zamora, Rounds
Noes: None

Absent: None
Recuse: None

6. ORDINANCE NO. 1162 – AMEND SECTIONS 155.003 (DEFINITIONS), 155.383 (DEFINITIONS), 155.384 (BILLBOARDS), AND 155.519 (INTERSTATE 605 CORRIDOR ELECTRONIC BILLBOARD SIGN PROGRAM) WITHIN TITLE 15 (LAND USE), CHAPTER 155 (ZONING), OF THE SANTA FE SPRINGS MUNICIPAL CODE

AND DETERMINATION THAT THE PROJECT IS EXEMPT FROM CEQA
(COMMUNITY DEVELOPMENT)
RECOMMENDATION: It is recommended that the City Council:
1) Open the Public Hearing; and
2) Receive any comments from the public wishing to speak on this matter and thereafter close the Public Hearing; and
3) Find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3); and 4) Find and determine that the proposed Zoning Code Amendment is consistent with the goals, policies, and programs of the City’s General Plan; and 5) Introduce by title only and waive further reading of Ordinance No. 1162:

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS AMENDING SECTIONS 155.003 (DEFINITIONS), 155.383 (DEFINITIONS), 155.384 (BILLBOARDS) AND 155.519 (INTERSTATE 605 CORRIDOR ELECTRONIC BILLBOARD SIGN PROGRAM) WITHIN TITLE 15 (LAND USE), CHAPTER 155 (ZONING), OF THE SANTA FE SPRINGS MUNICIPAL CODE; and
6) Take such additional, related, action that may be desirable.

Public Hearing opened at: 6:48 p.m.

Minutes of the September 16, 2025 Public Financing Authority, Water Utility Authority, Housing Successor, Successor Agency, and City Council Meetings

Page 4 ends

No. of Speakers: None
Public Hearing closed at: 6:48 p.m.

It was moved by Mayor Pro Tem Zamora, seconded by Councilmember Rodriguez, to find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3), find and determine that the proposed Zoning Code Amendment is consistent with the goals, policies, and programs of the City’s General Plan, introduce by title only and waive further reading of Ordinance No. 1162, and take such additional, related, action that may be desirable, by the following vote:

Ayes: Mora, Martin, Rodriguez, Zamora, Rounds
Noes: None

Absent: None
Recuse: None
OLD BUSINESS – NONE
REGULAR BUSINESS – NONE

PUBLIC FINANCING AUTHORITY

7. MINUTES OF THE AUGUST 19, 2025 PUBLIC FINANCING AUTHORITY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Approve the minutes as submitted.

8. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED THROUGH

THE CITY OF SANTA FE SPRINGS PUBLIC FINANCING AUTHORITY (PFA) (FINANCE)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Receive and file the report.

WATER UTILITY AUTHORITY

9. MINUTES OF THE AUGUST 19, 2025 WATER UTILITY AUTHORITY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Water Utility Authority:

Minutes of the September 16, 2025 Public Financing Authority, Water Utility Authority, Housing Successor, Successor Agency, and City Council Meetings

Page 5 ends

1) Approve the minutes as submitted.

10. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED THROUGH

THE CITY OF SANTA FE SPRINGS WATER UTILITY AUTHORITY (WUA) (FINANCE) RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Receive and file the report.

HOUSING SUCCESSOR

11. MINUTES OF THE AUGUST 19, 2025 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Housing Successor:
1) Approve the minutes as submitted.

SUCCESSOR AGENCY

12. MINUTES OF THE AUGUST 19, 2025 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

CITY COUNCIL

13. MINUTES OF THE AUGUST 19, 2025 CITY COUNCIL MEETINGS (CITY CLERK) RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.

14. ON-CALL PROFESSIONAL ENGINEERING SERVICES FOR THE DESIGN OF TOWN CENTER PLAZA IMPROVEMENT PROJECT – AWARD OF CONTRACT
(PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Approve adding the Town Center Plaza Improvement Project to the Capital Improvement Program; and
2) Award Task Order No. 9 to JMDiaz, Inc. of City of Industry, California in the amount of $715,000 for the design of the Town Center Plaza Improvement Project and authorize the City Manager to execute the task order; and Minutes of the September 16, 2025 Public Financing Authority, Water Utility Authority, Housing Successor, Successor Agency, and City Council Meetings

Page 6 ends

3) Appropriate $715,000 from Capital Improvement Reserve Fund to the subject project; and
4) Take such additional related action that may be desirable.

15. AQUATIC CENTER IMPROVEMENT PROJECT (PHASE 1B) – AWARD OF

CONTRACT (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Award a construction contract to the apparent low bidder PCN3, Inc. of Los Alamitos, California in the amount of $9,506,000 for the construction of the Aquatic Center Improvement Project (Phase 1B) and authorize the City Manager to execute the agreement; and
2) Authorize the City Manager to execute Task Order No. 115 to Southstar | DCCM in the amount of $998,621 for Project Management, Construction Management, Construction Inspection and Public Outreach Services for the project; and 3) Appropriate $3,465,500 from the Utility Users Tax (UUT) Fund to Project Account No.

PW220014 for the Aquatic Center Improvement Project (Phase 1B); and 4) Transfer $380,000 from the Aquatic Center Improvements – Replaster Pools Project (Account No. PW220015) Utility Users Tax (UUT) Fund to the Aquatic Center Improvement Project – Phase 1B (Account No. PW220014); and 5) Transfer $282,000 from Aquatic Center Improvements – Surge Pit, Vault and Pump Replacement Project (Account No. PW220016) Utility Users Tax (UUT) Fund to the Aquatic Center Improvements Project – Phase 1B (Account No. PW220014); and 6) Take such additional, related action that may be desirable.

16. APPROVAL OF PROFESSIONAL SERVICES AGREEMENT WITH CBRE, INC. ONCALL CITY-WIDE REAL ESTATE SERVICES (COMMUNITY DEVELOPMENT) RECOMMENDATION: It is recommended that the City Council:
1) Approve the Professional Service Agreement (PSA) between the City of Santa Fe Springs and CBRE, Inc.; and
2) Authorize the City Manager to execute the agreement and serve as the City’s representative under the agreement; and
3) Determine that the action is categorically exempt under the California Environmental Quality Act (CEQA); and
4) Take such additional, related action that may be desirable.

Minutes of the September 16, 2025 Public Financing Authority, Water Utility Authority, Housing Successor, Successor Agency, and City Council Meetings

Page 7 ends

17. INTRODUCTION OF ORDINANCE NO. 1163 – AMENDING SECTION 30.21 (CONDUCT OF MEETINGS) OF TITLE III (ADMINISTRATION) AND SECTION 130.04 (UNLAWFUL CONDUCT WITHIN PUBLIC PARK) OF TITLE XIII (GENERAL

OFFENSES) OF THE SANTA FE SPRINGS MUNICIPAL CODE TO SUPPORT THE

SAFE AND EFFECTIVE USE OF PUBLIC SPACES INCLUDING PARKS, FACILITIES,

AND PUBLIC MEETINGS (PARKS AND RECREATION)
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); and 2) Introduce by title only and waive further reading of Ordinance No. 1163:

AN ORDINANCE OF THE CITY OF SANTA FE SPRINGS MUNICIPAL CODE AMENDING SECTION 3021 (CONDUCT OF MEETINGS) OF TITLE III (ADMINISTRATION), AND SECTION 130.04 (UNLAWFUL CONDUCT WITHIN

PUBLIC PARK) OF TITLE XIII (GENERAL OFFENSES) TO SUPPORT THE SAFE

AND EFFECTIVE USE OF PUBLIC SPACES INCLUDING PARKS, FACILITIES, AND PUBLIC MEETINGS; and
3) Take such additional, related, action that may be desirable.

18. APPROVAL FOR THE PURCHASE OF CHRISTMAS DECORATIONS
(PARKS AND RECREATION)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the purchase of Christmas décor from St. Nick’s Commercial Design and Decor in the amount not to exceed $91,752.38; and
2) Authorize the City Manager to execute the purchase agreement with the selected vendor; and
3) Take such additional, related action that may be desirable.

19. AUTHORIZATION TO ADVERTISE REQUEST FOR PROPOSAL FOR ADULT

SOFTBALL LEAGUE SERVICES (PARKS AND RECREATION)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize staff to advertise a Request for Proposal (RFP) for Adult Softball League Services; and
2) Take such additional, related action that may be desirable.

20. SIRSI CORPORATION AGREEMENT FOR INTEGRATED LIBRARY SYSTEMS

SOFTWARE (COMMUNITY SERVICES)
Minutes of the September 16, 2025 Public Financing Authority, Water Utility Authority, Housing Successor, Successor Agency, and City Council Meetings

Page 8 ends

RECOMMENDATION: It is recommended that the City Council:
1) Authorize the execution of a service agreement with Sirsi Corporation DBA SirsiDynix (SirsiDynix) in the amount of $145,206; and
2) Take such additional, related action that may be desirable.

21. SIDE LETTER #3 (UNIFORM ALLOWANCE) TO THE 2024-2027 MEMORANDUM OF

UNDERSTANDING BETWEEN THE CITY OF SANTA FE SPRINGS AND THE SANTA

FE SPRINGS FIREFIGHTERS ASSOCIATION (HUMAN RESOURCES)
RECOMMENDATION: It is recommended that the City Council:
1) Approve side letter #3 (Uniform Allowance) to the 2024-2027 Memorandum of Understanding between the City of Santa Fe Springs and the Santa Fe Springs Firefighters Association.

22. REVISE SENIOR DISCOUNT REQUIREMENTS FOR WATER UTILITY (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Revise Senior Discount Requirements to all Heads of Household 65 years or older; and
2) Take such additional, related, action that may be desirable..

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

Ayes: Mora, Martin, Rodriguez, Zamora, Rounds
Noes: None

Absent: None
Recuse: None

APPOINTMENTS TO BOARDS, COMMITTEES, AND COMMISSIONS
None.

COUNCIL COMMENTS/AB1234 COUNCIL CONFERENCE REPORTING
Councilmember Mora talked about the Christmas float subcommittee and upcoming Relay for Life event.

Councilmember Martin wished Mayor Rounds a happy birthday. She commended Public Works Director Enriquez on the water heater program. She also talked about attending a contract cities conference and promoted Quartermania.

Councilmember Rodriguez talked about attending the AB 1234 conference and talked about the First Friday event at the city library. She talked about Quartermania and Relay for Life.

Minutes of the September 16, 2025 Public Financing Authority, Water Utility Authority, Housing Successor, Successor Agency, and City Council Meetings

Page 9 ends

Mayor Pro Tem Zamora also reported on attending a conference at Catalina Island that touched on several different topics. He attended contract cities and talked about some of their topics such as local policing. He promoted Quartermania.

Mayor Rounds also reported attending contract cities but did not attend the Catalina Island event. he promoted Breast Cancer Awareness Month.

ADJOURNMENT
Mayor Rounds adjourned the meeting at 7:17 p.m. in memory of Duke Rivera. _____________________
William K. Rounds
Mayor
ATTEST:
_____________________
Fernando N. Muñoz Date
City Clerk
ITEM # 15

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: Julio F. Morales, Director of Finance
SUBJECT: TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED SEPTEMBER 30, 2025
DATE: October 21, 2025
RECOMMENDATION(S):

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

FISCAL IMPACT
Investment earnings for the quarter ended September 30, 2025 amounted to $1,198,662.

BACKGROUND/DISCUSSION
As of June 30, 2025, the City had approximately $120.2 Million in operating funds and reserves are held and maintained in a variety of accounts, held in LAIF, CLASS, Bank of Montreal (BMO), Farmers and Merchant Bank (F&M), and Charles Schwab. Inc.

The Shuster Advisory Group, LLC (“Shuster”) oversees the management of the accounts invested in BlackRock and individual investments (i.e., the “managed portfolio”). Charles Schwab serves as the custodian for these accounts, which performs all trade activity, reporting, and paying agent. Alta Trust serves as the Trustee, which assists in safekeeping of assets and all federal and state compliance reporting.

These monies, collectively, represent operating funds and reserves for the City’s General Fund, grant programs, and various special revenue funds (but excluding bond proceeds and Successor Agency funds)
CITY COUNCIL AGENDA REPORT – MEETING OF OCTOBER 21, 2025 TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Page 2 of 4 ends

The market value of the City’s investment holding, as of September 30, 2025, are $111,753,962, as summarized in the chart below.

The balance in the City’s operating monies declined in the 1st Quarter due to the payment of large up-front payment due at the beginning of the fiscal year, including the annual pension UAL payment to CalPERS and General Liability and Workers Compensation premiums.

The amounts listed above do not include successor agency assets nor bond proceeds1, which are invested in accordance to provisions in bond legal documents, nor monies set aside to fund a portion of the City’s retirement liabilities “115 Trust” irrevocable trust to fund the City’s retirement liabilities: 1) Other Post Employment Benefits “OPEB” for retiree medical and 2) Pension Stabilization Fund (i.e.,“115 Trusts”), as summarized in the following chart :
1 Bond proceeds do not need to comply with the provisions of California Government Code § 53601 regarding the investment of government funds, they are invested in accordance to provisions in bond legal documents. The bond reserves and debt service funds for the Water Utility Authority and Successor Agency are held by the City’s bond trustee, U.S. Bank.

A portion of Successor Agency bond funds are held in LAIF: $17.847 million in bond proceeds from 2006A TABs (Account No. 11-19-068) and $344,607 in taxable bonds proceeds from Series 2006B TABs (Account No. 11-19-069).

An additional $1,982,013 in Consolidated RDA Account monies are held in Account No. 11-19-036, however, these funds are not confirmed as operating funds or bond funds. US Bank also holds Monies held for third-party conduit debt issuances.

July 1, 2024 September 30, 2025
Institution Purpose Account # Starting
Balance
Ending
Balance %Earned
BlackRock (Schwab) Managed Portfolio 4727-5745 $86,165,310 $86,165,310 $963,696 CDs (Schwab) Investments 9853-5216 $1,364,153 $1,362,421 $28,440 LAIF Operating Funds 98-19-840 $3,455,377 $1,496,334 $0 CLASS Operating Funds CA-01-0214-0001 $20,990,941 $16,120,308 $206,527 Farmers & Merchant Bank Balance All Accounts $6,998,605 $3,871,004 $0 Bank of Montreal (BMO) Bank Balance General Fund $1,205,065 $2,738,586 $0 TOTAL $120,179,451 $111,753,962 $1,198,662
1st QUARTER FY 2025-26
CITY COUNCIL AGENDA REPORT – MEETING OF OCTOBER 21, 2025 TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Page 3 of 4 ends

July 1, 2025 Sept 30, 2025 Qrt %
Return
OPEB $34,014,350 $36,786,692 8.12%
Pension $29,650,798 $31,475,709 6.11%
The OPEB portfolio was structured with 70% equity / 30% Fixed Income (Bond), while the Pension Stabilization Fund had a 50% Equity / 50% Bond mix. The results of investment performance for the Pension and OPEB accounts are reported separately by Shuster.

A portion of invested funds are designated for certain purposes, as outlined in the City’s adopted Reserve Policies. Other funds are legally restricted, in accordance with specific grant or program guidelines. This report does not provide a breakdown of the allocation of monies among funds, uses, or programs - it simply provides a summary on monies held for investment and earning realized over the past quarter.

ANALYSIS
The City’s managed portfolio generated interest income in the amount of BlackRock, totaling $963,696 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).

In addition to the BlackRock 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 (“CLASS”). • LAIF return = 4.73%
• CLASS return = 4.38%
Benchmark Performance
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 performance2.
2 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 CITY COUNCIL AGENDA REPORT – MEETING OF OCTOBER 21, 2025 TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Page 4 of 4 ends

ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

The total return for the City’s portfolio for the quarter ended June 30, 2025 was 1.77% vs. the City’s benchmark the ICE BofA 1-5 Year U.S. Gov & Corporate Index total return of

1.27%; the City’s portfolio outperformed the benchmark by 0.50%.

ENVIRONMENTAL
N/A

SUMMARY/NEXT STEPS
The attached report contains a summary of Shuster’s performance in the managed portfolio (BlackRock). Shuster and Staff will continue to work with the City Council to review any proposed changes to the portfolio make-up.

ATTACHMENT(S):

A. Shuster Investment Performance Review (Quarter Ended September 30, 2025) 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 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. 1 of 28
Statement Period
September 1-30, 2025

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Account Number
4727-5745
Schwab One® Account of
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A 90670-3658
09/30-83153-AC108-REG91216-172
This Statement YTD
Beginning Account Value $86,968,788.22 $0.00
Deposits 28,439.69 17,075,343.77
Withdrawals 0.00 0.00
Dividends and Interest 371,216.84 2,235,011.07
Transfer of Securities 0.00 66,698,974.71
Market Appreciation/(Depreciation) 471,679.03 1,880,166.90 Expenses (1,333.33) (50,706.00)
Ending Account Value $87,838,790.45 $87,838,790.45
Account Ending Value reflects the market value of your cash and investments. It does not include pending transactions, unpriced securities or assets held outside Schwab's custody.

Your Independent Investment Manager
and/or Advisor

SHUSTER ADVISORY GROUP, LLC
155 N. LAKE AVE
SUITE 950
PASADENA CA 91101-4860
1 (626) 578-0816
The custodian of your brokerage account is:

Charles Schwab & Co., Inc. Member SIPC. Your
independent Investment Advisor is not affiliated
with or an agent of Schwab and Schwab does not
supervise or endorse your Advisor.

Managed Account Details
Money Manager
BlackRock Investment Management, LLC
Investment Strategy
BlackRock Intermediate Municipal
Account Summary
Ending Account Value as of 09/30 Beginning Account Value as of 09/01 $87,838,790.45 $86,968,788.22
Online Assistance
Visit us online at schwaballiance.com
Visit schwab.com/stmt to explore the features
and benefits of this statement.

Time to go digital
Sign up for paperless at schwab.com/gp
Oct'24 Nov Dec Jan'25 Feb Mar Apr May Jun Jul Aug Sep
$0.0M
$19.3M
$38.6M
$57.9M
$77.2M
$96.6M
2 of 28
Statement Period
September 1-30, 2025

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
$87.83M
Asset Allocation
This Period
Current
Allocation
Cash and Cash Investments 1,272,659.88 1%
Fixed Income 86,566,130.57 99%
Total $87,838,790.45 100%
i
Top Account Holdings This Period
SYMBOL
CUSIP Description
Market
Value
% of
Accounts
912828V98 US TREASUR NT 4,497,419.16 5%
91282CGC9 US TREASU NT 3,016,406.10 3%
3142JCAT7 FHLMC RR0017 2,430,474.55 3%
3142JCAB6 FHLMC RR0001 2,401,654.30 3%
3142JCAC4 FHLMC RR0002 2,371,316.05 3%
.

Gain or (Loss) Summary
Short-Term (ST) Long-Term (LT)
Gain (Loss) Net Gain (Loss) Net
This
Period
1,490.00 0.00 1,490.00 0.00 0.00 0.00
YTD 14,584.45 (5,226.71)
Unrealized $1,187,457.37,
b
Values may not reflect all of your gains/losses and may be rounded up to the nearest dollar; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases.

Please login to your account at Schwab.com for real-time gain/loss information. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions.
i
Income Summary
This Period YTD
Federal Tax Status Tax-Exempt Taxable Tax-Exempt Taxable Bank Sweep Interest 0.00 110.93 0.00 766.96
Corporate Bond and
Other Interest

0.00 165,353.56 0.00 1,258,152.55
Certificate of
Deposit Interest

0.00 0.00 0.00 25,406.50
Treasury Bond
Interest

0.00 157,812.51 0.00 766,443.77
Municipal Bond
Interest

0.00 6,420.95 0.00 35,469.85
Agency Security
Interest

0.00 41,518.89 0.00 185,785.56
Total Income $0.00 $371,216.84 $0.00 $2,272,025.19
Accrued Interest
Paid 4

0.00 (5,708.38) 0.00 (209,794.35)
4 Certain accrued interest paid on taxable bonds may be deductible; consult your tax advisor 3 of 28
Statement Period
September 1-30, 2025

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
A Message About Your Account
Statement of Financial Condition
The most recent statement of financial condition for Charles Schwab & Co., Inc. (CS&Co) may be obtained at no cost, via the Internet at http://www.schwab.com/legal/financials or by contacting CS&Co at 1-800-435-4000. If you are a client of an independent investment advisor, contact Schwab Alliance at 1-800-515-2157. International clients, please call us at +1-415-667-7870 and Charles Schwab Hong Kong clients, please call +852-2101-0500. At June 30, and July 31, 2025, CS&Co had net capital of $12.0 billion and $10.9 billion, respectively, and a net capital requirement of $2.2 billion and $2.3 billion, respectively. A copy of the report may be requested via: Investor Relations, 3000 Schwab Way, Westlake, TX 76262. Independent investment advisors are not owned by, affiliated with, or supervised by CS&Co.

Positions - Summary
Beginning Value
as of 09/01 +
Transfer of
Securities(In/Out) +
Dividends
Reinvested + Cash Activity +
Change in
Market Value =
Ending Value
as of 09/30 Cost Basis
Unrealized
Gain/(Loss)
$86,968,788.22 $0.00 $0.00 $398,323.20 $471,679.03 $87,838,790.45 $85,378,673.20 $1,187,457.37 b
Values may not reflect all of your gains/losses; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions.

Cash and Cash Investments
Type Symbol Description Quantity Price($)
Beginning
Balance($)
Ending
Balance($)
Change in Period
Balance($)
Pending/Unsettled
Cash($)
Interest/
Yield Rate
% of
Acct
Cash , 0.00 70,625.01 70,625.01 0.00 <1%
Bank Sweep CHARLES SCHWAB
BANK,
X,Z
3,045,473.77 953,034.87 (2,092,438.90) 0.05% 1%
Bank Sweep SCHWAB PREMIER
BANK,
X,Z
249,000.00 249,000.00 0.00 0.05% <1%
Total Cash and Cash Investments $3,294,473.77 $1,272,659.88 ($2,021,813.89) 1% Positions - Fixed Income
Symbol/
CUSIP Description Coupon
Maturity
Date Quantity/Par Price($)
Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($)
Yield to
Maturity
Est. Annual
Income($)
Accrued
Income($)
% of
Acct
912828V98 US TREASUR NT 2.25% 02/15/27 4,585,000.0000 98.08984 4,497,419.16 4,331,274.42 4,331,274.42
t
166,144.74 N/A y 103,162.50 13,175.65 5%
91282CEF4 US TREASUR NT 2.5% 03/31/27 600,000.0000 98.31250 589,875.00 592,851.56 592,851.56
t
(2,976.56) 2.80% 15,000.00 41.21 <1%
4 of 28
Statement Period
September 1-30, 2025

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon
Maturity
Date Quantity/Par Price($)
Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($)
Yield to
Maturity
Est. Annual
Income($)
Accrued
Income($)
% of
Acct
91282CEN7 US TREASUR NT 2.75% 04/30/27 325,000.0000 98.61328 320,493.16 320,886.72 320,886.72
t
(393.56) 3.06% 8,937.50 3,740.15 <1%
91282CET4 US TREASU NT 2.625% 05/31/27 725,000.0000 98.33984 712,963.84 712,127.93 712,127.93
t
835.91 N/A y 19,031.25 6,395.75 <1%
91282CEW7 US TREASUR NT 3.25% 06/30/27 750,000.0000 99.34765 745,107.38 733,623.05 733,623.05
t
11,484.33 3.83% 24,375.00 6,159.99 <1%
91282CKZ3 US TREASU NT 4.375% 07/15/27 700,000.0000 101.25781 708,804.67 705,573.96 708,039.06
t
3,230.71
b 3.96% 30,625.00 6,491.17 <1%
91282CLG4 US TREASUR NT 3.75% 08/15/27 1,500,000.0000 100.20312 1,503,046.80 1,504,209.50 1,506,035.16
t
(1,162.70)
b 3.60% 56,250.00 7,184.10 2%
91282CFZ9 US TREASU NT 3.875% 11/30/27 625,000.0000 100.52734 628,295.88 622,265.63 622,265.63
t
6,030.25 3.97% 24,218.75 8,139.09 <1%
91282CGC9 US TREASU NT 3.875% 12/31/27 3,000,000.0000 100.54687 3,016,406.10 3,018,838.76 3,035,507.81
t
(2,432.66)
b 3.61% 116,250.00 29,378.40 3%
91282CGH8 US TREASUR NT 3.5% 01/31/28 2,000,000.0000 99.73046 1,994,609.20 1,987,109.38 1,987,109.38
t
7,499.82 3.64% 70,000.00 11,793.48 2%
91282CGP0 US TREASUR NT 4.0% 02/29/28 1,700,000.0000 100.87890 1,714,941.30 1,684,128.91 1,684,128.91
t
30,812.39 4.24% 68,000.00 5,823.20 2%
91282CMS7 US TREASU NT 3.875% 03/15/28 1,000,000.0000 100.62890 1,006,289.00 999,074.68 999,074.68
7,214.32 3.91% 38,750.00 1,712.71 1%
91282CHE4 US TREASU NT 3.625% 05/31/28 1,000,000.0000 100.00781 1,000,078.10 977,656.25 977,656.25
t
22,421.85 4.13% 36,250.00 12,182.38 1%
91282CJA0 US TREASU NT 4.625% 09/30/28 425,000.0000 102.80468 436,919.89 423,572.27 423,572.27
t
13,347.62 4.70% 19,656.25 54.00 <1%
91282CJN2 US TREASU NT 4.375% 11/30/28 250,000.0000 102.16406 255,410.15 251,995.21 252,294.92
t
3,414.94
b 4.13% 10,937.50 3,675.72 <1%
91282CJR3 US TREASUR NT 3.75% 12/31/28 1,600,000.0000 100.32031 1,605,124.96 1,584,062.50 1,584,062.50
t
21,062.46 3.97% 60,000.00 15,163.04 2%
5 of 28
Statement Period
September 1-30, 2025

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon
Maturity
Date Quantity/Par Price($)
Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($)
Yield to
Maturity
Est. Annual
Income($)
Accrued
Income($)
% of
Acct
91282CKD2 US TREASUR NT 4.25% 02/28/29 650,000.0000 101.89843 662,339.80 648,121.09 648,121.09
t
14,218.71 4.32% 27,625.00 2,365.68 <1%
91282CKG5 US TREASU NT 4.125% 03/31/29 2,075,000.0000 101.52343 2,106,611.17 2,031,218.75 2,031,218.75
t
75,392.42 N/A y 85,593.75 235.15 2%
91282CKT7 US TREASUR NT 4.5% 05/31/29 1,200,000.0000 102.80468 1,233,656.16 1,205,671.20 1,206,906.25
t
27,984.96
b N/A y 54,000.00 18,147.54 1%
91282CEV9 US TREASUR NT 3.25% 06/30/29 800,000.0000 98.50000 788,000.00 790,718.75 790,718.75
t
(2,718.75) 3.52% 26,000.00 6,570.65 <1%
91282CKX8 US TREASUR NT 4.25% 06/30/29 1,150,000.0000 101.99218 1,172,910.07 1,141,195.31 1,141,195.31
t
31,714.76 4.42% 48,875.00 12,351.56 1%
91282CLN9 US TREASUR NT 3.5% 09/30/29 600,000.0000 99.30468 595,828.08 598,664.06 598,664.06
t
(2,835.98) 3.55% 21,000.00 57.69 <1%
91282CLR0 US TREASU NT 4.125% 10/31/29 500,000.0000 101.59375 507,968.75 498,847.66 498,847.66
t
9,121.09 4.18% 20,625.00 8,631.11 <1%
91282CMA6 US TREASU NT 4.125% 11/30/29 1,800,000.0000 101.60937 1,828,968.66 1,788,547.43 1,788,664.06
t
40,421.23
b N/A y 74,250.00 24,952.87 2%
91282CMD0 US TREASU NT 4.375% 12/31/29 850,000.0000 102.59375 872,046.88 846,248.05 846,248.05
t
25,798.83 4.47% 37,187.50 9,397.93 <1%
91282CGQ8 US TREASUR NT 4.0% 02/28/30 1,000,000.0000 101.16406 1,011,640.60 1,000,540.86 1,000,558.56
11,099.74
b 3.99% 40,000.00 3,425.41 1%
3134HBQZ7
FHLMC
Moodys: Aa1 S&P: AA+
CALLABLE 11/19/25 AT 100.00000

4.5% 05/19/27 1,500,000.0000 100.05240 1,500,786.00 1,500,010.00 1,500,010.00
776.00 4.50% 67,500.00 24,750.00 2%
3134HBQK0
FHLMC
Moodys: Aa1 S&P: AA+
CALLABLE 11/14/25 AT 100.00000

4.875% 05/14/30 750,000.0000 100.06070 750,455.25 749,560.00 749,560.00
895.25 4.89% 36,562.50 13,914.06 <1%
20271RAR1 COMMONWEALTH
B5.316%
Moodys: Aa2 S&P: AA5.316% 03/13/26 100,000.0000 100.37200 100,372.00 100,000.00 100,000.00
t
372.00 5.32% 5,316.00 265.80 <1%
02665WEK3 AMERICAN HONDA F
Moodys: A3 S&P: A5.25% 07/07/26 155,000.0000 100.89830 156,392.37 154,809.35 154,809.35
t
1,583.02 5.29% 8,137.50 1,898.75 <1%
6 of 28
Statement Period
September 1-30, 2025

5.272% 08/03/26 195,000.0000 100.99900 196,948.05 195,000.00 195,000.00
t
1,948.05 5.27% 10,280.40 1,656.29 <1%
94988J6D4 WELLS FARGO BANK
Moodys: Aa2 S&P: A+
CALLABLE 07/07/26 AT 100.00000

5.45% 08/07/26 250,000.0000 101.12240 252,806.00 249,782.50 249,782.50
t
3,023.50 5.48% 13,625.00 2,043.75 <1%
06428CAA2 BANK OF AMERICA
Moodys: Aa2 S&P: A+
CALLABLE 07/18/26 AT 100.00000

5.526% 08/18/26 450,000.0000 101.25050 455,627.25 450,000.00 450,000.00
t
5,627.25 5.53% 24,867.00 2,970.23 <1%
24422EXD6

JOHN DEERE CAPIT
Moodys: A1 S&P: A

5.15% 09/08/26 300,000.0000 101.28030 303,840.90 299,787.00 299,787.00
t
4,053.90 5.18% 15,450.00 987.08 <1%
06051GJK6 BANK OF AMERICA C
VAR
Moodys: A1 S&P: ACALLABLE 10/24/25 AT 100.00000
10/24/26 225,000.0000 99.74680 224,430.30 219,908.25
219,908.25
t
4,522.05 1.81% 2,693.25 1,174.56 <1%
89788MAJ1

TRUIST FINL CORP VAR
Moodys: Baa1 S&P: ACALLABLE 10/28/25 AT 100.00000
10/28/26 110,000.0000 99.99430 109,993.73 110,000.00
110,000.00
t
(6.27) 5.90% 6,490.00 2,758.25 <1%
857477BX0 STATE STREET CORP
VAR
Moodys: Aa3 S&P: A
CALLABLE 11/04/25 AT 100.00000
11/04/26 45,000.0000 99.99970 44,999.87 45,000.00
45,000.00
t
(0.13) 5.75% 2,587.95 1,056.75 <1%
17325FBC1 CITIBANK, N.A.

Moodys: Aa3 S&P: A+
CALLABLE 11/04/26 AT 100.00000

5.488% 12/04/26 250,000.0000 101.62400 254,060.00 250,000.00 250,000.00
t
4,060.00 5.49% 13,720.00 4,459.00 <1%
48125LRU8

JPMORGAN CHASE B
Moodys: Aa2 S&P: AACALLABLE 11/08/26 AT 100.00000

5.11% 12/08/26 400,000.0000 101.25240 405,009.60 400,000.00 400,000.00
t
5,009.60 5.11% 20,440.00 6,415.89 <1%
94988J6F9 WELLS FARGO BAN
Moodys: Aa2 S&P: A+
CALLABLE 11/10/26 AT 100.00000

5.254% 12/11/26 400,000.0000 101.49740 405,989.60 400,000.00 400,000.00
t
5,989.60 5.25% 21,016.00 6,421.56 <1%
02665WDJ7 AMERICAN HONDA F
Moodys: A3 S&P: A2.35% 01/08/27 250,000.0000 97.84940 244,623.50 230,772.50 230,772.50
t
13,851.00 4.51% 5,875.00 1,354.51 <1%
87612EBM7

TARGET CORP
Moodys: A2 S&P: A
CALLABLE 12/15/26 AT 100.00000

1.95% 01/15/27 200,000.0000 97.64650 195,293.00 199,370.15 199,370.15
t
(4,077.15) N/A y 3,900.00 823.33 <1%
7 of 28
Statement Period
September 1-30, 2025

THE PNC FINL SERV VAR
Moodys: A3 S&P: ACALLABLE 01/26/26 AT 100.00000
01/26/27 40,000.0000 99.99550 39,998.20 40,000.00
40,000.00
t
(1.80) 4.76% 1,903.20 343.63 <1%
61747YEZ4 MORGAN STANLEY
VAR
Moodys: A1 S&P: ACALLABLE 01/28/26 AT 100.00000
01/28/27 200,000.0000 100.12220 200,244.40 199,996.00
199,996.00
t
248.40 5.05% 10,100.00 1,767.50 <1%
882508CE2

TEXAS INSTRUMENTS
Moodys: Aa3 S&P: A+
CALLABLE 01/08/27 AT 100.00000

4.6% 02/08/27 310,000.0000 100.96170 312,981.27 309,801.60 309,801.60
t
3,179.67 4.62% 14,260.00 2,099.39 <1%
532457CJ5 ELI LILLY AND CO
Moodys: Aa3 S&P: A+
CALLABLE 01/09/27 AT 100.00000

4.5% 02/09/27 270,000.0000 100.79880 272,156.76 269,856.90 269,856.90
t
2,299.86 4.52% 12,150.00 1,755.00 <1%
04636NAK9 ASTRAZENECA FIN L
Moodys: A1 S&P: A+
CALLABLE 01/26/27 AT 100.00000

4.8% 02/26/27 175,000.0000 101.16690 177,042.08 174,706.00 174,706.00
t
2,336.08 4.86% 8,400.00 816.67 <1%
17275RBQ4 CISCO SYSTEMS, IN
Moodys: A1 S&P: AACALLABLE 01/26/27 AT 100.00000

4.8% 02/26/27 305,000.0000 101.18870 308,625.54 304,603.50 304,603.50
t
4,022.04 4.85% 14,640.00 1,423.33 <1%
24422EWD7

JOHN DEERE CAPIT
Moodys: A1 S&P: A

2.35% 03/08/27 125,000.0000 97.91080 122,388.50 124,690.00 124,690.00
t
(2,301.50) 2.41% 2,937.50 187.67 <1%
857477CL5 STATE STREET CO
Moodys: Aa3 S&P: A
CALLABLE 02/18/27 AT 100.00000

4.993% 03/18/27 210,000.0000 101.49920 213,148.32 210,000.00 210,000.00
t
3,148.32 4.99% 10,485.30 378.64 <1%
46647PCB0

JPMORGAN CHASE &
VAR
Moodys: A1 S&P: A
CALLABLE 04/22/26 AT 100.00000
04/22/27 400,000.0000 98.36450 393,458.00 387,414.00
387,414.00
6,044.00 3.16% 6,312.00 2,787.80 <1%
06406RBQ9

THE BANK OF NEW Y
VAR
Moodys: Aa3 S&P: A
CALLABLE 04/26/26 AT 100.00000
04/26/27 325,000.0000 100.49720 326,615.90 325,000.00
325,000.00
t
1,615.90 4.95% 16,077.75 6,922.36 <1%
037833CR9 APPLE INC.

Moodys: Aaa S&P: AA+
CALLABLE 02/11/27 AT 100.00000

3.2% 05/11/27 250,000.0000 99.16630 247,915.75 247,552.50 247,552.50
t
363.25 3.44% 8,000.00 3,111.11 <1%
06051GJS9 BANK OF AMERICA C
VAR
Moodys: A1 S&P: ACALLABLE 07/22/26 AT 100.00000
07/22/27 500,000.0000 98.01110 490,055.50 480,450.00
480,450.00
9,605.50 3.44% 8,670.00 1,661.75 <1%
8 of 28
Statement Period
September 1-30, 2025

4.65% 07/30/27 160,000.0000 101.14650 161,834.40 159,995.20 159,995.20
t
1,839.20 4.65% 7,440.00 1,260.67 <1%
437076BT8

THE HOME DEPOT, I
Moodys: A2 S&P: A
CALLABLE 06/14/27 AT 100.00000

2.8% 09/14/27 250,000.0000 98.00100 245,002.50 234,095.00 234,095.00
t
10,907.50 4.34% 7,000.00 330.56 <1%
89236TMS1

TOYOTA MOTOR CRE
Moodys: A1 S&P: A+

4.35% 10/08/27 130,000.0000 100.80780 131,050.14 129,949.30 129,949.30
t
1,100.84 4.36% 5,655.00 2,717.54 <1%
857477CP6 STATE STREET COR
Moodys: Aa3 S&P: A
CALLABLE 09/22/27 AT 100.00000

4.33% 10/22/27 300,000.0000 100.88180 302,645.40 300,000.00 300,000.00
t
2,645.40 4.33% 12,990.00 5,737.25 <1%
10373QBY5 BP CAPITAL MARK
Moodys: A1 S&P: ACALLABLE 10/17/27 AT 100.00000

5.017% 11/17/27 380,000.0000 101.98910 387,558.58 380,000.00 380,000.00
t
7,558.58 5.02% 19,064.60 7,096.27 <1%
172967LD1 CITIGROUP INC. VAR
Moodys: A3 S&P: BBB+
CALLABLE 01/10/27 AT 100.00000
01/10/28 175,000.0000 99.62390 174,341.83 165,800.25
165,800.25
t
8,541.58 5.19% 6,802.25 1,530.51 <1%
90261AAD4 UBS AG, STAMFO4.864%
Moodys: Aa2 S&P: A+
CALLABLE 01/10/27 AT 100.00000
01/10/28 250,000.0000 100.88640 252,216.00 250,000.00
250,000.00
t
2,216.00 4.86% 12,160.00 2,736.00 <1%
57636QBA1 MASTERCARD INC
Moodys: Aa3 S&P: A+
CALLABLE 12/15/27 AT 100.00000

4.1% 01/15/28 160,000.0000 100.49070 160,785.12 159,912.00 159,912.00
t
873.12 4.12% 6,560.00 1,384.89 <1%
438516CJ3 HONEYWELL INTERN
Moodys: A2 S&P: A
CALLABLE 01/15/28 AT 100.00000

4.95% 02/15/28 225,000.0000 102.09660 229,717.35 228,669.02 231,572.25
t
1,048.33
b 4.26% 11,137.50 1,423.13 <1%
882508BV5

TEXAS INSTRUMENTS
Moodys: Aa3 S&P: A+
CALLABLE 01/15/28 AT 100.00000

4.6% 02/15/28 115,000.0000 101.71360 116,970.64 117,764.60 117,764.60
t
(793.96) 4.04% 5,290.00 675.94 <1%
95000U2V4 WELLS FARGO & CO
VAR
Moodys: A1 S&P: BBB+
CALLABLE 03/24/27 AT 100.00000
03/24/28 250,000.0000 99.11110 247,777.75 235,302.50
235,302.50
t
12,475.25 4.91% 8,815.00 171.40 <1%
61747YFP5 MORGAN STANLEY
VAR
Moodys: A1 S&P: ACALLABLE 04/13/27 AT 100.00000
04/13/28 500,000.0000 102.25130 511,256.50 509,562.68
509,680.00
1,693.82
b 4.96% 28,260.00 13,188.00 <1%
9 of 28
Statement Period
September 1-30, 2025

JPMORGAN CHASE &
VAR
Moodys: A1 S&P: A
CALLABLE 05/01/27 AT 100.00000
05/01/28 250,000.0000 99.18860 247,971.50 234,055.00
234,055.00
t
13,916.50 5.03% 8,850.00 3,687.50 <1%
369550BC1 GENERAL DYNAMICS
Moodys: A2 S&P: A
CALLABLE 02/15/28 AT 100.00000

3.75% 05/15/28 275,000.0000 99.81040 274,478.60 266,582.25 266,582.25
t
7,896.35 4.45% 10,312.50 3,895.83 <1%
025816DV8 AMERICAN EXPRESS
VAR
Moodys: A2 S&P: ACALLABLE 07/26/27 AT 100.00000
07/26/28 70,000.0000 101.65940 71,161.58 70,000.00
70,000.00
t
1,161.58 5.04% 3,530.10 637.38 <1%
907818EY0 UNION PACIFIC CO
Moodys: A3 S&P: ACALLABLE 06/10/28 AT 100.00000

3.95% 09/10/28 500,000.0000 100.10550 500,527.50 493,960.00 493,960.00
6,567.50 4.33% 19,750.00 1,152.08 <1%
06051GHD4 BANK OF AMERICA C
VAR
Moodys: A1 S&P: ACALLABLE 12/20/27 AT 100.00000
12/20/28 500,000.0000 98.51870 492,593.50 484,025.50
484,025.50
8,568.00 4.35% 17,095.00 4,796.10 <1%
571748BG6 MARSH & MCLENNA
Moodys: A3 S&P: ACALLABLE 12/15/28 AT 100.00000

4.375% 03/15/29 500,000.0000 100.90330 504,516.50 498,165.00 498,165.00
6,351.50 4.48% 21,875.00 972.22 <1%
57636QAM6 MASTERCARD INC
Moodys: Aa3 S&P: A+
CALLABLE 03/01/29 AT 100.00000

2.95% 06/01/29 500,000.0000 96.64120 483,206.00 473,975.00 473,975.00
9,231.00 4.33% 14,750.00 4,916.67 <1%
693475BR5

THE PNC FINL SERV VAR
Moodys: A3 S&P: ACALLABLE 06/12/28 AT 100.00000
06/12/29 1,250,000.0000 103.46800 1,293,350.00 1,282,902.95 1,284,525.00
10,447.05
b N/A y 69,775.00 21,126.32 1%
91159HJM3 U.S. BANCORP VAR
Moodys: A3 S&P: A
CALLABLE 06/12/28 AT 100.00000
06/12/29 500,000.0000 103.99520 519,976.00 514,342.49
515,230.00
5,633.51
b 4.98% 28,875.00 8,742.71 <1%
025816DH9 AMERICAN EXPRESS
VAR
Moodys: A2 S&P: ACALLABLE 07/27/28 AT 100.00000
07/27/29 500,000.0000 103.02010 515,100.50 509,363.16
510,220.00
5,737.34
b 4.76% 26,410.00 4,621.75 <1%
06406YAA0

THE BANK OF NEW Y
Moodys: A2 S&P: ACALLABLE 05/23/29 AT 100.00000

3.3% 08/23/29 750,000.0000 96.67510 725,063.25 711,430.00 711,430.00
13,633.25 4.61% 24,750.00 2,612.50 <1%
10 of 28
Statement Period
September 1-30, 2025

3.8% 09/18/29 465,000.0000 99.53190 462,823.34 463,870.05 463,870.05
t
(1,046.71) 3.85% 17,670.00 638.08 <1%
808513CJ2

THE CHARLES SCHWA
VAR
Moodys: A2 S&P: ACALLABLE 11/17/28 AT 100.00000
11/17/29 750,000.0000 106.03510 795,263.25 790,998.46
791,942.50
4,264.79
b 4.83% 46,470.00 17,297.17 <1%
20826FBJ4 CONOCOPHILLIPS CO
Moodys: A2 S&P: ACALLABLE 12/15/29 AT 100.00000

4.7% 01/15/30 750,000.0000 101.87720 764,079.00 753,061.48 753,137.50
11,017.52
b 4.60% 35,250.00 7,441.67 <1%
91324PFG2 UNITEDHEALTH GROU
Moodys: A2 S&P: A+
CALLABLE 12/15/29 AT 100.00000

4.8% 01/15/30 750,000.0000 102.03750 765,281.25 756,659.25 756,992.50
8,622.00
b 4.58% 36,000.00 7,600.00 <1%
46647PEB8

JPMORGAN CHASE &
VAR
Moodys: A1 S&P: A
CALLABLE 01/23/29 AT 100.00000
01/23/30 500,000.0000 102.40860 512,043.00 504,361.75
504,660.00
7,681.25
b 4.79% 25,060.00 4,733.56 <1%
6174468G7 MORGAN STANLEY
VAR
Moodys: A1 S&P: ACALLABLE 01/23/29 AT 100.00000
01/23/30 250,000.0000 100.61990 251,549.75 246,275.00
246,275.00
5,274.75 4.78% 11,077.50 2,092.42 <1%
91159HJQ4 U.S. BANCORP VAR
Moodys: A3 S&P: A
CALLABLE 01/23/29 AT 100.00000
01/23/30 500,000.0000 103.25240 516,262.00 508,704.74
509,220.00
7,557.26
b 4.95% 26,920.00 5,084.89 <1%
29379VBX0 ENTERPRISE PRODUC
Moodys: A3 S&P: ACALLABLE 10/31/29 AT 100.00000

2.8% 01/31/30 500,000.0000 94.38450 471,922.50 463,150.00 463,150.00
8,772.50 4.52% 14,000.00 2,372.22 <1%
76720AAS5 RIO TINTO FIN 4.875%
Moodys: A1 S&P: A
CALLABLE 02/14/30 AT 100.00000

4.875% 03/14/30 750,000.0000 102.43550 768,266.25 754,384.10 754,735.00
13,882.15
b 4.73% 36,562.50 1,726.56 <1%
09659DAC0 BOARD TRUSTEES
Moodys: Aaa S&P: AAA
CALLABLE 06/01/30 AT 100.00000

4.146% 08/01/30 1,000,000.0000 100.15600 1,001,560.00 1,000,010.00 1,000,010.00
1,550.00 3.87% 41,460.00 5,528.00 1%
13063D3N6 CALIFORNIA ST
Moodys: Aa2 S&P: AA4.846% 03/01/27 265,000.0000 101.37400 268,641.10 265,000.00 265,000.00
t
3,641.10 4.85% 12,841.90 1,070.16 <1%
91412GXU4 UNIVERSITY CALI
Moodys: Aa3 S&P: AA3.909% 05/15/29 1,000,000.0000 99.69300 996,930.00 984,610.00 984,610.00
12,320.00 4.32% 39,090.00 14,767.33 1%
11 of 28
Statement Period
September 1-30, 2025

4.5% 06/01/40 2,500,000.0000 99.98490 2,401,654.30 N/A
2,411,409.88
(9,755.58) N/A N/A N/A 3%
3142JCAC4
FHLMC RR0002
FACTOR= .938704100
REMAIN PRIN=$2,346,760.25

5.0% 06/01/40 2,500,000.0000 101.04637 2,371,316.05 N/A 2,403,831.55
(32,515.50) N/A N/A N/A 3%
3142JCAT7
FHLMC RR0017
FACTOR= .961956050
REMAIN PRIN=$2,404,890.13

5.0% 08/01/40 2,500,000.0000 101.06385 2,430,474.55 N/A 2,439,000.72
(8,526.17) N/A N/A N/A 3%
3137BMTX4
FHLMC
FACTOR= .471988980
REMAIN PRIN=$117,997.25

3.151% 11/25/25 250,000.0000 99.69934 117,642.47 N/A
116,632.91
t
1,009.56 N/A N/A N/A <1%
3137BN6G4
FHLMC
FACTOR= .657646630
REMAIN PRIN=$164,411.66

2.995% 12/25/25 250,000.0000 99.59529 163,746.27 N/A
162,517.08
t
1,229.19 N/A N/A N/A <1%
3137BNGT5
FHLMC
FACTOR= .852963240
REMAIN PRIN=$447,805.70

2.745% 01/25/26 525,000.0000 99.44178 445,305.96 N/A
425,665.31
t
19,640.65 N/A N/A N/A <1%
3136ARTE8

FEDERAL NTNL MO
FACTOR= .425931740
REMAIN PRIN=$127,779.52

2.702% 02/25/26 300,000.0000 99.28981 126,872.04 N/A
120,552.00
t
6,320.04 N/A N/A N/A <1%
3137BRQJ7
FHLMC
FACTOR= .918979200
REMAIN PRIN=$275,693.76

2.57% 07/25/26 300,000.0000 98.89396 272,644.48 N/A
262,145.99
t
10,498.49 N/A N/A N/A <1%
3137FNWX4
FHLMC
FACTOR= .888201200
REMAIN PRIN=$355,280.48

2.282% 07/25/26 400,000.0000 98.72339 350,744.93 N/A
329,647.57
t
21,097.36 N/A N/A N/A <1%
3137BSP72
FHLMC
FACTOR=1.000000000
REMAIN PRIN=$450,000.00

2.653% 08/25/26 450,000.0000 98.80581 444,626.15 N/A
429,521.48
t
15,104.67 N/A N/A N/A <1%
3137BTUM1
FHLMC
FACTOR= .957926710
REMAIN PRIN=$229,902.41

3.347% 11/25/26 240,000.0000 99.30938 228,314.66 N/A
222,825.69
t
5,488.97 N/A N/A N/A <1%
3137BVZ82
FHLMC
FACTOR=1.000000000
REMAIN PRIN=$700,000.00

3.43% 01/25/27 700,000.0000 99.33258 695,328.06 N/A
679,765.63
t
15,562.43 N/A N/A N/A <1%
448979AD6 HYUNDAI AUTO REC
S&P: AAA
FACTOR= .333474764
REMAIN PRIN=$73,364.45

4.58% 04/15/27 220,000.0000 100.06202 73,409.95 N/A
73,357.29
t

52.66 N/A N/A N/A <1%
12 of 28
Statement Period
September 1-30, 2025

3.243% 04/25/27 600,000.0000 98.96974 593,818.44 N/A
573,585.94
t
20,232.50 N/A N/A N/A <1%
44933DAD3 HYUNDAI AUTO REC
S&P: AAA
FACTOR= .288326230
REMAIN PRIN=$53,340.35

5.39% 06/15/27 185,000.0000 100.32090 53,511.52 N/A
53,340.10
t
171.42 N/A N/A N/A <1%
3136AX7E9

FEDERAL NTNL MO
FACTOR= .584117540
REMAIN PRIN=$233,647.02
06/25/27 400,000.0000 98.45266 230,031.70 N/A
218,450.83
t
11,580.87 N/A N/A N/A <1%
14318UAD3 CARMAX AUTO OWNE
S&P: AAA
CALLABLE 05/15/27 AT 100.00000
FACTOR= .323975557
REMAIN PRIN=$63,175.23

5.34% 08/16/27 195,000.0000 100.32000 63,377.39 N/A
63,160.42
t
216.97 N/A N/A N/A <1%
58768PAC8 MERCEDES-BENZ AU
Moodys: Aaa S&P: AAA
CALLABLE 04/15/27 AT 100.00000
FACTOR= .284425032
REMAIN PRIN=$75,372.63

5.21% 08/16/27 265,000.0000 100.36849 75,650.37 N/A
75,357.71
t
292.66 N/A N/A N/A <1%
3136AY6X6

FEDERAL NTNL MO
FACTOR= .798813450
REMAIN PRIN=$319,525.38
09/25/27 400,000.0000 98.40628 314,433.04 N/A
297,545.53
t
16,887.51 N/A N/A N/A <1%
3137F64P9
FHLMC
FACTOR= .983627490
REMAIN PRIN=$442,632.37

1.336% 09/25/27 450,000.0000 95.71272 423,655.48 N/A
408,656.88
t
14,998.60 N/A N/A N/A <1%
58770AAC7 MERCEDES-BENZ AU
S&P: AAA
CALLABLE 11/15/27 AT 100.00000
FACTOR= .372091706
REMAIN PRIN=$50,232.38

4.51% 11/15/27 135,000.0000 100.17623 50,320.90 N/A
50,226.35
t

94.55 N/A N/A N/A <1%
41285JAD0 HARLEY-DAVIDSON
Moodys: Aaa S&P: NR
FACTOR= .430860489
REMAIN PRIN=$99,097.91

5.05% 12/15/27 230,000.0000 100.34264 99,437.46 N/A
99,087.93
t
349.53 N/A N/A N/A <1%
344928AD8

FORD CR AUTO OWN
Moodys: NR S&P: AAA
CALLABLE 01/15/28 AT 100.00000
FACTOR= .523590869
REMAIN PRIN=$94,246.36

4.65% 02/15/28 180,000.0000 100.26982 94,500.65 N/A
94,236.53
t
264.12 N/A N/A N/A <1%
13 of 28
Statement Period
September 1-30, 2025

TOYOTA AUTO RECE
Moodys: Aaa
CALLABLE 02/15/28 AT 100.00000
FACTOR= .682190755
REMAIN PRIN=$184,191.50

4.71% 02/15/28 270,000.0000 100.36340 184,860.86 N/A
198,228.82
t
(13,367.96) N/A N/A N/A <1%
362583AD8 GM FINL CONSUMER
Moodys: Aaa S&P: AAA
CALLABLE 02/16/28 AT 100.00000
FACTOR= .541438830
REMAIN PRIN=$97,458.99

4.47% 02/16/28 180,000.0000 100.18000 97,634.42 N/A
97,456.31
t
178.11 N/A N/A N/A <1%
05592XAD2 BMW VEH OWNER TR
S&P: AAA
FACTOR= .578910302
REMAIN PRIN=$66,574.68

5.47% 02/25/28 115,000.0000 100.70478 67,043.89 N/A
66,562.87
t
481.02 N/A N/A N/A <1%
254683CY9 DISCOVER CARD EX
Moodys: Aaa
FACTOR=1.000000000
REMAIN PRIN=$225,000.00

4.31% 03/15/28 225,000.0000 100.11435 225,257.29 N/A
224,986.95
t
270.34 N/A N/A N/A <1%
44933XAD9 HYUNDAI AUTO REC
Moodys: NR S&P: AAA
FACTOR= .684457092
REMAIN PRIN=$95,823.99

5.48% 04/17/28 140,000.0000 100.69880 96,493.61 N/A
95,819.82
t
673.79 N/A N/A N/A <1%
02007WAC2 ALLY AUTO RECEIV
Moodys: Aaa
CALLABLE 05/15/28 AT 100.00000
FACTOR= .689442899
REMAIN PRIN=$172,360.72

5.46% 05/15/28 250,000.0000 100.84028 173,809.04 N/A
172,331.34
t
1,477.70 N/A N/A N/A <1%
02582JJZ4 AMERICAN EXPRESS
S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$255,000.00

4.87% 05/15/28 255,000.0000 100.53347 256,360.35 N/A
254,977.38
t
1,382.97 N/A N/A N/A <1%
05522RDG0 BA CREDIT CARD T
S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$230,000.00

4.79% 05/15/28 230,000.0000 100.44446 231,022.26 N/A
229,947.93
t
1,074.33 N/A N/A N/A <1%
14041NGD7 CAPITAL ONE MULT
Moodys: NR S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$415,000.00

4.42% 05/15/28 415,000.0000 100.24846 416,031.11 N/A
414,904.84
t
1,126.27 N/A N/A N/A <1%
14 of 28
Statement Period
September 1-30, 2025

FORD CR AUTO OWN
Moodys: NR S&P: AAA
CALLABLE 03/15/28 AT 100.00000
FACTOR= .734942639
REMAIN PRIN=$146,988.53

5.23% 05/15/28 200,000.0000 100.73122 148,063.34 N/A
146,986.54
t
1,076.80 N/A N/A N/A <1%
3137H14B9
FHLMC
CALLABLE 05/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$500,000.00

1.77% 05/25/28 500,000.0000 94.70300 473,515.00 N/A
437,617.19
t
35,897.81 N/A N/A N/A <1%
254683CZ6 DISCOVER CARD EX
Moodys: Aaa S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$455,000.00

4.93% 06/15/28 455,000.0000 100.65342 457,973.06 N/A
454,938.53
t
3,034.53 N/A N/A N/A <1%
36267KAD9 GM FINL CONSUMER
Moodys: Aaa S&P: AAA
CALLABLE 04/16/28 AT 100.00000
FACTOR= .720576648
REMAIN PRIN=$100,880.73

5.45% 06/16/28 140,000.0000 100.85520 101,743.46 N/A
100,876.84
t
866.62 N/A N/A N/A <1%
438123AC5 HAROT 2023-4 A2
Moodys: Aaa
FACTOR= .875279646
REMAIN PRIN=$100,657.16

5.67% 06/21/28 115,000.0000 100.94986 101,613.26 N/A
100,639.43
t
973.83 N/A N/A N/A <1%
3137HACX2
FHLMC
CALLABLE 06/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$700,000.00

4.819% 06/25/28 700,000.0000 101.91971 713,437.97 N/A
706,991.60
t
6,446.37 N/A N/A N/A <1%
3136BQDE6

FEDERAL NTNL MOR
FACTOR= .954855800
REMAIN PRIN=$525,170.69

4.19% 07/25/28 550,000.0000 100.12999 525,853.36 N/A
505,312.69
t
20,540.67 N/A N/A N/A <1%
31680EAD3

FIFTH THIRD AUTO
Moodys: Aaa S&P: AAA
CALLABLE 02/15/28 AT 100.00000
FACTOR= .749841079
REMAIN PRIN=$356,174.51

5.53% 08/15/28 475,000.0000 100.88570 359,329.15 N/A
356,152.43
t
3,176.72 N/A N/A N/A <1%
41285YAC9 HARLEY-DAVIDSON
Moodys: Aaa S&P: AAA
CALLABLE 09/15/28 AT 100.00000
FACTOR= .784888157
REMAIN PRIN=$364,972.99

5.69% 08/15/28 465,000.0000 100.87559 368,168.66 N/A
364,890.47
t
3,278.19 N/A N/A N/A <1%
15 of 28
Statement Period
September 1-30, 2025

TOYOTA AUTO RECE
S&P: AAA
CALLABLE 07/15/28 AT 100.00000
FACTOR= .993758566
REMAIN PRIN=$129,188.61

5.54% 08/15/28 130,000.0000 101.16073 130,688.14 N/A
129,174.69
t
1,513.45 N/A N/A N/A <1%
379930AD2 GM FINL SECURITI
Moodys: Aaa S&P: AAA
CALLABLE 07/16/28 AT 100.00000
FACTOR= .874221033
REMAIN PRIN=$187,957.52

5.78% 08/16/28 215,000.0000 101.06896 189,966.71 N/A
187,918.91
t
2,047.80 N/A N/A N/A <1%
3137HAMH6
FHLMC
FACTOR=1.000000000
REMAIN PRIN=$650,000.00

4.65% 08/25/28 650,000.0000 101.61203 660,478.20 N/A
640,384.55
t
20,093.65 N/A N/A N/A <1%
3137HAQ74
FHLMC
CALLABLE 08/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$650,000.00

4.74% 08/25/28 650,000.0000 101.84019 661,961.24 N/A
635,741.60
t
26,219.64 N/A N/A N/A <1%
3137HAMN3
FHLMC
CALLABLE 08/25/28 AT 100.00000
FACTOR= .688405310
REMAIN PRIN=$196,195.51

5.272% 08/25/28 285,000.0000 101.73127 199,592.19 N/A
196,194.50
t
3,397.69 N/A N/A N/A <1%
3137HAST4
FHLMC
CALLABLE 09/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$600,000.00

4.85% 09/25/28 600,000.0000 102.14623 612,877.38 N/A
588,101.87
t
24,775.51 N/A N/A N/A <1%
44918CAD4 HYUNDAI AUTO REC
Moodys: NR S&P: AAA
FACTOR= .956983837
REMAIN PRIN=$191,396.77

5.54% 10/16/28 200,000.0000 101.04424 193,395.41 N/A
191,371.60
t
2,023.81 N/A N/A N/A <1%
3137HB3G7
FHLMC
CALLABLE 10/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$360,000.00

4.86% 10/25/28 360,000.0000 102.23298 368,038.73 N/A
358,965.72
t
9,073.01 N/A N/A N/A <1%
3137HB3D4
FHLMC
CALLABLE 10/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$235,000.00

5.069% 10/25/28 235,000.0000 102.77270 241,515.85 N/A
234,320.62
t
7,195.23 N/A N/A N/A <1%
05522RDH8 BA CREDIT CARD T
Moodys: Aaa
FACTOR=1.000000000
REMAIN PRIN=$230,000.00

4.98% 11/15/28 230,000.0000 101.23497 232,840.43 N/A
229,969.11
t
2,871.32 N/A N/A N/A <1%
16 of 28
Statement Period
September 1-30, 2025

5.0% 11/25/28 265,000.0000 102.63967 271,995.13 N/A
267,474.57
t
4,520.56 N/A N/A N/A <1%
3137HBLV4
FHLMC
CALLABLE 12/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$330,000.00

4.572% 12/25/28 330,000.0000 101.50689 334,972.74 N/A
333,299.67
t
1,673.07 N/A N/A N/A <1%
161571HV9 CHASE ISSUANCE TR
Moodys: NR S&P: AAA
CALLABLE 01/15/27 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$520,000.00

4.6% 01/16/29 520,000.0000 100.90320 524,696.64 519,920.80 519,920.80
t
4,775.84 0.00% 23,920.00 N/A <1%
3137HC2L5

FEDERAL HOME LN M
CALLABLE 01/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$525,000.00

5.4% 01/25/29 525,000.0000 103.96823 545,833.21 N/A
552,644.53
t
(6,811.32) N/A N/A N/A <1%
92970QAA3 WF CARD ISSUANCE
Moodys: Aaa S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$650,000.00

4.94% 02/15/29 650,000.0000 101.46376 659,514.44 N/A
649,823.59
t
9,690.85 N/A N/A N/A <1%
3137HCKV3
FHLMC
CALLABLE 03/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$295,000.00

5.18% 03/25/29 295,000.0000 103.45930 305,204.94 N/A
296,197.41
t
9,007.53 N/A N/A N/A <1%
02582JKH2 AMERICAN EXPRESS
Moodys: NR S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$625,000.00

5.23% 04/16/29 625,000.0000 102.05284 637,830.25 N/A
624,871.88
t
12,958.37 N/A N/A N/A <1%
448976AD2 HYUNDAI AUTO REC
Moodys: NR S&P: AAA
CALLABLE 08/15/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$240,000.00

4.41% 05/15/29 240,000.0000 100.76455 241,834.92 N/A
239,982.43
t
1,852.49 N/A N/A N/A <1%
3137HDV56
FHLMC
CALLABLE 05/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$520,000.00

4.72% 05/25/29 520,000.0000 102.20592 531,470.78 N/A
523,193.32
t
8,277.46 N/A N/A N/A <1%
3137HDJJ0
FHLMC
CALLABLE 05/25/29 AT 100.00000
FACTOR= .974354300
REMAIN PRIN=$657,689.15

4.803% 05/25/29 675,000.0000 102.36918 673,270.99 N/A
657,687.18
t
15,583.81 N/A N/A N/A <1%
17 of 28
Statement Period
September 1-30, 2025

4.508% 07/25/29 195,000.0000 101.55829 198,038.67 N/A
198,896.10
t
(857.43) N/A N/A N/A <1%
3137HDXL9
FHLMC
CALLABLE 07/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$495,000.00

4.543% 07/25/29 495,000.0000 101.70997 503,464.35 N/A
499,630.23
t
3,834.12 N/A N/A N/A <1%
38014AAD3 GM FINL CONSUMER
Moodys: Aaa S&P: AAA
CALLABLE 08/16/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$165,000.00

4.4% 08/16/29 165,000.0000 100.69571 166,147.92 N/A
164,968.22
t
1,179.70 N/A N/A N/A <1%
14041NGE5 CAPITAL ONE FUND
Moodys: NR S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$615,000.00

3.92% 09/17/29 615,000.0000 100.21931 616,348.76 N/A
614,879.95
t
1,468.81 N/A N/A N/A <1%
3137HH6C0
FHLMC
CALLABLE 09/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$310,000.00

4.791% 09/25/29 310,000.0000 102.55981 317,935.41 N/A
316,195.97
t
1,739.44 N/A N/A N/A <1%
3137HHJL6
FHLMC
CALLABLE 09/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$495,000.00

4.792% 09/25/29 495,000.0000 102.57228 507,732.79 N/A
497,577.47
t
10,155.32 N/A N/A N/A <1%
437921AD1 HONDA AUTO RECEI
Moodys: Aaa
FACTOR=1.000000000
REMAIN PRIN=$729,000.00

4.15% 10/15/29 729,000.0000 100.09924 729,723.46 N/A
728,928.35
795.11 N/A N/A N/A <1%
92970QAE5 WF CARD ISSUANCE
Moodys: Aaa S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$235,000.00

4.29% 10/15/29 235,000.0000 100.85373 237,006.27 N/A
234,965.08
t
2,041.19 N/A N/A N/A <1%
02582JKP4 AMERICAN EXPRES
S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$241,000.00

4.319% 04/15/30 241,000.0000 100.66083 242,592.60 N/A
240,995.66
1,596.94 N/A N/A N/A <1%
17305EHA6 CITIBANK CREDIT C
Moodys: Aaa S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$365,000.00

4.3% 06/21/30 365,000.0000 100.91046 368,323.18 N/A
364,911.09
3,412.09 N/A N/A N/A <1%
18 of 28
Statement Period
September 1-30, 2025

4.4% 06/20/31 318,000.0000 101.18412 321,765.50 N/A
317,988.69
3,776.81 N/A N/A N/A <1%
Total Fixed Income 88,963,000.0000 $86,566,130.57 $1,187,457.37 $2,278,983.95 $489,601.82 99% Total Adj Cost Basis $56,721,275.34
Total Orig Cost Basis $85,417,215.60
Accrued Income represents the interest that would be received if the fixed income investment was sold prior to the coupon payment.

Yield to Maturity is the annualized rate of return earned if held until maturity date.

Total Adj Cost Basis and Total Orig Cost Basis are the sums of the individual positions held, which may be incomplete or unavailable.

Transactions - Summary
Beginning Cash* as of 09/01 + Deposits + Withdrawals + Purchases + Sales/Redemptions + Dividends/Interest + Expenses = Ending Cash* as of 09/30 $3,294,473.77 $28,439.69 $0.00 ($4,856,118.98) $2,435,981.89 $371,216.84 ($1,333.33) $1,272,659.88 Other Activity $0.00 Other activity includes transactions which don't affect the cash balance such as stock transfers, splits, etc. *Cash (includes any cash debit balance) held in your account plus the value of any cash invested in a sweep money fund.

Transaction Details
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/02 Interest Bond Interest 13063D3N6 CALIFORNIA ST 4.846%27 6,420.95 Interest Bond Interest 3137HDJJ0 FHLMC 4.803%29 3,139.50 Interest Adjust Interest 3137HDJJ0 FHLMC 4.803%29 (2,701.69) Interest Bond Interest 91282CGP0 US TREASUR NT 4%02/28 34,000.00 Interest Bond Interest 91282CGQ8 US TREASUR NT 4%02/30 20,000.00 Interest Bond Interest 91282CKD2 US TREASUR NT 4.25%02/29 13,812.50 09/04 Redemption 3133ETAY3 FFCB 4.73%29 **CALLED** 2,000,000.00 19 of 28
Statement Period
September 1-30, 2025

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/04 Other
Activity
Call Redemption 3133ETAY3 FFCB 4.73%29 **CALLED** (2,000,000.0000) Interest Bond Interest 3133ETAY3 FFCB 4.73%29 41,518.89 09/08 Interest Bond Interest 24422EWD7 JOHN DEERE CAPIT 2.35%27 1,468.75 Interest Bond Interest 24422EXD6 JOHN DEERE CAPIT 5.15%26 7,725.00 09/10 Purchase Bought Prime 3142JCAB6 FHLMC RR0001 4.5%40 DUE 06/01/40
2,500,000.0000 100.3906 2,712.27 (2,414,112.15)
Executed by J.P. Morgan Securities LLC as Principal; Accrued interest $2,702.27; Schwab Prime Broker Fee $10.00 Purchase Bought Prime 3142JCAT7 FHLMC RR0017 5%40 DUE
08/01/40
2,500,000.0000 101.4180 3,016.11 (2,442,006.83)
Executed by Morgan Stanley & Co INC as Principal; Accrued interest $3,006.11; Schwab Prime Broker Fee $10.00 Interest Bond Interest 907818EY0 UNION PACIFIC CO 3.95%28 9,875.00 09/15 Redemption Principal Payment 02007WAC2 ALLY AUTO RECEIV 5.46%28 ABS-AUTO DUE 05/15/28
13,718.20
Redemption Principal Payment 14318UAD3 CARMAX AUTO OWNE 5.34%27 ABS-AUTO DUE 08/16/27
9,084.39
Redemption Principal Payment 31680EAD3 FIFTH THIRD AUTO 5.53%28 ABS-AUTO DUE 08/15/28
25,855.59
Redemption Principal Payment 344928AD8 FORD CR AUTO OWN 4.65%28 ABS-AUTO DUE 02/15/28
9,008.25
Redemption Principal Payment 344930AD4 FORD CR AUTO OWN 5.23%28 ABS-AUTO DUE 05/15/28
11,321.57
Redemption 41284YAD8 HARLEY-DAVIDSON 3.06%27
ABS-SPCL DUE 02/16/27
452.14
Redemption Principal Payment 41285JAD0 HARLEY-DAVIDSON 5.05%27 ABS-SPCL DUE 12/15/27
12,344.83
Redemption Principal Payment 41285YAC9 HARLEY-DAVIDSON 5.69%28 ABS-SPCL DUE 08/15/28
27,948.07
Redemption Principal Payment 448979AD6 HYUNDAI AUTO REC 4.58%27 ABS-AUTO DUE 04/15/27
13,313.34
Redemption Principal Payment 44933DAD3 HYUNDAI AUTO REC 5.39%27 ABS-AUTO DUE 06/15/27
9,437.81
20 of 28
Statement Period
September 1-30, 2025

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/15 Redemption Principal Payment 44933XAD9 HYUNDAI AUTO REC 5.48%28 ABS-AUTO DUE 04/17/28
8,557.80
Redemption Principal Payment 44918CAD4 HYUNDAI AUTO REC 5.54%28 ABS-AUTO DUE 10/16/28
8,603.23
Redemption Principal Payment 58770AAC7 MERCEDES-BENZ AU 4.51%27 ABS-AUTO DUE 11/15/27
5,496.22
Redemption Principal Payment 58768PAC8 MERCEDES-BENZ AU 5.21%27 ABS-AUTO DUE 08/16/27
10,156.58
Redemption Principal Payment 891941AD8 TOYOTA AUTO RECE 4.71%28 ABS-AUTO DUE 02/15/28
14,048.40
Redemption Principal Payment 89239FAD4 TOYOTA AUTO RECE 5.54%28 ABS-AUTO DUE 08/15/28
811.39
Other
Activity
Call Redemption 41284YAD8 HARLEY-DAVIDSON 3.06%27
ABS-SPCL DUE 02/16/27
(175,000.0000)
Interest Bond Interest 02007WAC2 ALLY AUTO RECEIV 5.46%28 846.66 Interest Bond Interest 02582JKP4 AMERICAN EXPRES 4.319%30 859.57 Interest Bond Interest 02582JJZ4 AMERICAN EXPRESS 4.87%28 1,034.87 Interest Bond Interest 02582JKH2 AMERICAN EXPRESS 5.23%29 2,723.96 Interest Bond Interest 05522RDG0 BA CREDIT CARD T 4.79%28 918.08 Interest Bond Interest 05522RDH8 BA CREDIT CARD T 4.98%28 954.50 Interest Bond Interest 14041NGE5 CAPITAL ONE FUND 3.92%29 2,009.00 Interest Bond Interest 14041NGD7 CAPITAL ONE MULT 4.42%28 1,528.58 Interest Bond Interest 14318UAD3 CARMAX AUTO OWNE 5.34%27 321.56 Interest Bond Interest 161571HV9 CHASE ISSUANCE TR 4.6%29 1,993.33 Interest Bond Interest 20271RAR1 COMMONWEALTH B5.316% 26F 2,658.00 Interest Bond Interest 254683CY9 DISCOVER CARD EX 4.31%28 808.13 Interest Bond Interest 254683CZ6 DISCOVER CARD EX 4.93%28 1,869.29 Interest Bond Interest 31680EAD3 FIFTH THIRD AUTO 5.53%28 1,760.52 Interest Bond Interest 344928AD8 FORD CR AUTO OWN 4.65%28 400.11 21 of 28
Statement Period
September 1-30, 2025

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/15 Interest Bond Interest 344930AD4 FORD CR AUTO OWN 5.23%28 689.97 Interest Bond Interest 41284YAD8 HARLEY-DAVIDSON 3.06%27 1.15 Interest Bond Interest 41285JAD0 HARLEY-DAVIDSON 5.05%27 468.99 Interest Bond Interest 41285YAC9 HARLEY-DAVIDSON 5.69%28 1,863.10 Interest Bond Interest 437921AD1 HONDA AUTO RECEI 4.15%29 2,521.12 Interest Bond Interest 448976AD2 HYUNDAI AUTO REC 4.41%29 882.00 Interest Bond Interest 448979AD6 HYUNDAI AUTO REC 4.58%27 330.82 Interest Bond Interest 44933DAD3 HYUNDAI AUTO REC 5.39%27 281.98 Interest Bond Interest 44933XAD9 HYUNDAI AUTO REC 5.48%28 476.68 Interest Bond Interest 44918CAD4 HYUNDAI AUTO REC 5.54%28 923.33 Interest Bond Interest 571748BG6 MARSH & MCLENNA 4.375%29 10,937.50 Interest Bond Interest 58770AAC7 MERCEDES-BENZ AU 4.51%27 209.45 Interest Bond Interest 58768PAC8 MERCEDES-BENZ AU 5.21%27 371.34 Interest Bond Interest 76720AAS5 RIO TINTO FIN 4.875% 30F 18,281.25 Interest Bond Interest 437076BT8 THE HOME DEPOT, I 2.8%27 3,500.00 Interest Bond Interest 891941AD8 TOYOTA AUTO RECE 4.71%28 778.09 Interest Bond Interest 89239FAD4 TOYOTA AUTO RECE 5.54%28 600.17 Interest Bond Interest 91282CMS7 US TREASU NT 3.875%03/28 19,375.00 Interest Bond Interest 92970QAE5 WF CARD ISSUANCE 4.29%29 840.13 Interest Bond Interest 92970QAA3 WF CARD ISSUANCE 4.94%29 2,675.83 09/16 Redemption Principal Payment 362583AD8 GM FINL CONSUMER 4.47%28 ABS-AUTO DUE 02/16/28
9,577.92
Redemption Principal Payment 36267KAD9 GM FINL CONSUMER 5.45%28 ABS-AUTO DUE 06/16/28
7,976.01
Redemption Principal Payment 379930AD2 GM FINL SECURITI 5.78%28 ABS-AUTO DUE 08/16/28
13,040.81
Interest Bank Interest
X,Z BANK INT 081625-091525 100.38
22 of 28
Statement Period
September 1-30, 2025

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/16 Interest Bank Interest
X,Z BANK INT 081625-091525 10.55
Interest Bond Interest 38014AAD3 GM FINL CONSUMER 4.4%29 605.00 Interest Bond Interest 362583AD8 GM FINL CONSUMER 4.47%28 398.71 Interest Bond Interest 36267KAD9 GM FINL CONSUMER 5.45%28 494.39 Interest Bond Interest 379930AD2 GM FINL SECURITI 5.78%28 968.14 09/18 Interest Bond Interest 66989HAT5 NOVARTIS CAPITAL 3.8%29 8,835.00 Interest Bond Interest 857477CL5 STATE STREET CO 4.993%27 5,242.65 09/19 Expense Advisor Fee
* MGMTFEE TO ADVISOR (1,333.33)
09/22 Redemption Principal Payment 438123AC5 HAROT 2023-4 A2 5.67%28 ABS-AUTO DUE 06/21/28
7,117.32
Interest Bond Interest 438123AC5 HAROT 2023-4 A2 5.67%28 509.23 Interest Bond Interest 92348KEF6 VERIZON MASTER TR 4.4%31 1,166.00 09/23 Deposit Journaled Funds JOURNAL FRM 98535216 28,439.69 09/24 Interest Bond Interest 95000U2V4 WELLS FARGO & CO VAR 28 4,407.50 09/25 Redemption Principal Payment 05592XAD2 BMW VEH OWNER TR 5.47%28 ABS-AUTO DUE 02/25/28
6,452.41
Redemption Principal Payment 3136ARTE8 FEDERAL NTNL MO 2.702%26 MBS-CMO DUE 02/25/26
203.26
Redemption Principal Payment 3136AY6X6 FEDERAL NTNL MO 3.064%27 MBS-CMO DUE 09/25/27
560.20
Redemption Principal Payment 3136AX7E9 FEDERAL NTNL MO 3.163%27 MBS-CMO DUE 06/25/27
269.70
Redemption Principal Payment 3136BQDE6 FEDERAL NTNL MOR 4.19%28 MBS-CMO DUE 07/25/28

49.53 Redemption Principal Payment 3137BRQJ7 FHLMC 2.57%26 MBS-CMO DUE 07/25/26
503.24
Redemption Principal Payment 3137F64P9 FHLMC 1.336%27 MBS-CMO DUE 09/25/27
463.95
23 of 28
Statement Period
September 1-30, 2025

63.93 Redemption Principal Payment 3137HAMN3 FHLMC 5.272%28 MBS-CMO DUE 08/25/28
39,921.63
Redemption Principal Payment 3142JCAC4 FHLMC RR0002 5%40 DUE 06/01/40
41,852.55
Other
Activity
Redemption 3137BM7C4 FHLMC 3.308XXX **MATURED** (150,000.0000) Interest Bond Interest 05592XAD2 BMW VEH OWNER TR 5.47%28 332.88 Interest Bond Interest 3137HC2L5 FEDERAL HOME LN M 5.4%29 2,362.50 Interest Bond Interest 3136ARTE8 FEDERAL NTNL MO 2.702%26 288.17 Interest Bond Interest 3136AY6X6 FEDERAL NTNL MO 3.064%27 817.41 Interest Bond Interest 3136AX7E9 FEDERAL NTNL MO 3.163%27 616.47 Interest Bond Interest 3136BQDE6 FEDERAL NTNL MOR 4.19%28 1,833.89 Interest Bond Interest 3137HBCF9 FHLMC 5%28 1,104.17
Interest Bond Interest 3137H14B9 FHLMC 1.77%28 737.50
Interest Bond Interest 3137BRQJ7 FHLMC 2.57%26 591.52
Interest Bond Interest 3137BVZ82 FHLMC 3.43%27 2,000.83 24 of 28
Statement Period
September 1-30, 2025

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/25 Interest Bond Interest 3137HAMH6 FHLMC 4.65%28 2,518.75 Interest Bond Interest 3137HDV56 FHLMC 4.72%29 2,045.33 Interest Bond Interest 3137HAQ74 FHLMC 4.74%28 2,567.50 Interest Bond Interest 3137HAST4 FHLMC 4.85%28 2,425.00 Interest Bond Interest 3137HB3G7 FHLMC 4.86%28 1,458.00 Interest Bond Interest 3137HCKV3 FHLMC 5.18%29 1,273.42 Interest Bond Interest 3137F64P9 FHLMC 1.336%27 493.31
Interest Bond Interest 3137FNWX4 FHLMC 2.282%26 676.69
Interest Bond Interest 3137BSP72 FHLMC 2.653%26 994.87
Interest Bond Interest 3137BNGT5 FHLMC 2.745%26 1,051.89 Interest Bond Interest 3137BN6G4 FHLMC 2.995%25 489.60
Interest Bond Interest 3137BMTX4 FHLMC 3.151%25 419.05
Interest Bond Interest 3137F1G44 FHLMC 3.243%27 1,621.50 Interest Bond Interest 3137BM7C4 FHLMC 3.308XXX 114.73
Interest Bond Interest 3137BTUM1 FHLMC 3.347%26 641.82
Interest Bond Interest 3137HFNZ4 FHLMC 4.508%29 732.55
Interest Bond Interest 3137HDXL9 FHLMC 4.543%29 1,873.99 Interest Bond Interest 3137HBLV4 FHLMC 4.572%28 1,257.30 Interest Bond Interest 3137HH6C0 FHLMC 4.791%29 1,237.68 Interest Bond Interest 3137HHJL6 FHLMC 4.792%29 1,976.70 Interest Bond Interest 3137HDJJ0 FHLMC 4.803%29 2,632.66 Interest Bond Interest 3137HACX2 FHLMC 4.819%28 2,811.08 Interest Bond Interest 3137HB3D4 FHLMC 5.069%28 992.68
Interest Bond Interest 3137HAMN3 FHLMC 5.272%28 2,957.33 Interest Bond Interest 3142JCAC4 FHLMC RR0002 5%40 9,952.55 09/30 Interest Bond Interest 91282CKG5 US TREASU NT 4.125%03/29 42,796.88 25 of 28
Statement Period
September 1-30, 2025

Bank Sweep Activity
Date Description Amount Date Description Amount
09/01 Beginning Balance
X,Z $3,294,473.77 09/16 BANK CREDIT FROM BROKERAGE
X 275,322.27
09/03 BANK CREDIT FROM BROKERAGE
X 74,671.26 09/17 BANK CREDIT FROM BROKERAGEX 24,590.58 09/04 BANK CREDIT FROM BROKERAGE
X 2,041,518.89 09/18 BANK CREDIT FROM BROKERAGEX 14,077.65 09/09 BANK CREDIT FROM BROKERAGE
X 9,193.75 09/22 BANK CREDIT FROM BROKERAGEX 7,459.22
09/10 BANK TRANSFER TO BROKERAGE (4,846,243.98) 09/24 BANK CREDIT FROM BROKERAGE X 28,439.69
09/15 BANK INTEREST - CHARLES SCHWAB BANK
X,Z 100.38 09/25 BANK CREDIT FROM BROKERAGEX 236,802.99 09/15 BANK INTEREST - SCHWAB PREMIER BANK
X,Z 10.55 09/26 BANK CREDIT FROM BROKERAGEX 41,617.85
09/16 BANK SWEEP XFER FROM SCHWAB PREMIER BANK (10.55) 09/30 Ending Balance X,Z $1,202,034.87
09/16 BANK SWEEP XFER TO CHARLES SCHWAB BANK
X 10.55 09/30 Interest Rate
* Z 0.05%
* Your interest period was 08/16/25 - 09/15/25.

Z
Endnotes For Your Account
* You authorize Schwab to debit your account to pay investment management fees per the authorization you granted in your Account Application. Schwab does not review or monitor these fee payments. Contact your Investment Manager if you have questions. b When available, Adjusted Cost Basis values are used in Gain or (Loss) calculations. t Data for this holding has been edited or provided by a third party. y Yield to Maturity cannot be calculated because there are multiple lots for this position.

X Bank Sweep deposits are held at one or more FDIC-insured Program Banks. Charles Schwab & Co., Inc. is not an FDIC-insured bank and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for FDIC insurance coverage to apply. Please review the Cash Features Program Disclosure Statement for a list of the Program Banks at schwab.com/cashfeaturesdisclosure.

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Endnotes For Your Account (continued)
statement by Schwab or one or more of its Program Banks. These balances do not include interest that may have accrued during the Statement Period after interest is paid. The interest paid may include interest that accrued in the prior Statement Period.

Terms and Conditions
GENERAL INFORMATION AND KEY TERMS: This Account statement is furnished solely by Charles Schwab & Co., Inc. ("Schwab") for your Account at Schwab ("Account"). Unless otherwise defined herein, capitalized terms have the same meanings as in your Account Agreement. If you receive any other communication from any source other than Schwab which purports to represent your holdings at Schwab (including balances held at a Depository Institution) you should verify its content with this statement.

Accrued Income: Accrued Income is the sum of the total accrued interest and/or accrued dividends on positions held in your Account, but the interest and/or dividends have not been received into your Account.

Schwab makes no representation that the amounts shown (or any other amount) will be received. Accrued amounts are not covered by SIPC account protection until actually received and held in the Account. AIP (Automatic Investment Plan) Customers: Schwab receives remuneration in connection with certain transactions effected through Schwab. If you participate in a systematic investment program through Schwab, the additional information normally detailed on a trade confirmation will be provided upon request.

Average Daily Balance: Average daily composite of all cash balances that earn interest and all loans from Schwab that are charged interest. Bank Sweep and Bank Sweep for Benefit Plans Features: Schwab acts as your agent and custodian in establishing and maintaining your Deposit Account(s) as a feature of your brokerage Account(s). Deposit accounts held through these bank sweep features constitute direct obligations of one or more FDIC insured banks ("Program Banks") that are not obligations of Schwab.

Funds swept to Program Banks are eligible for deposit insurance from the FDIC up to the applicable limits for each bank for funds held in the same insurable capacity. The balance in the Deposit Accounts can be withdrawn on your order and the proceeds returned to your brokerage Account or remitted to you as provided in your Account Agreement. For information on FDIC insurance and its limits, as well as other important disclosures about the bank sweep feature(s) in your Account(s), please refer to the Cash Features Disclosure Statement available online or from a Schwab representative. Cash: Any Free Credit Balance owed by us to you payable upon demand which, although accounted for on our books of record, is not segregated and may be used in the conduct of this firm's business. Dividend Reinvestment Customers:

Dividend reinvestment transactions were effected by Schwab acting as a principal for its own account, except for the reinvestment of Schwab dividends, for which an independent broker-dealer acted as the buying agent. Further information on these transactions will be furnished upon written request. Gain (or Loss): Unrealized Gain or (Loss) and Realized Gain or (Loss) sections ("Gain/Loss Section(s)") contain a gain or a loss summary of your Account. This information has been provided on this statement at the request of your Advisor, if applicable. This information is not a solicitation or a recommendation to buy or sell. Schwab does not provide tax advice and encourages you to consult with your tax professional. Please view the Cost Basis Disclosure Statement for additional information on how gain (or loss) is calculated and how Schwab reports adjusted cost basis information to the IRS.

Interest: For the Schwab One Interest, Bank Sweep, and Bank Sweep for Benefit Plans features, interest is paid for a period that may differ from the Statement Period. Balances include interest paid as indicated on your statement by Schwab or one or more of its Program Banks. These balances do not include interest that may have accrued during the Statement Period after interest is paid. The interest paid may include interest that accrued in the prior Statement Period. For the Schwab One Interest feature, interest accrues daily from the second-to-last business day of the prior month and is posted on the second-to-last business day of the current month. For the Bank Sweep and Bank Sweep for Benefit Plans features, interest accrues daily from the 16th day of the prior month and is credited/posted on the first business day after the 15th of the current month. If, on any given day, the interest that Schwab calculates for the Free Credit Balances in the Schwab One Interest feature in your brokerage Account is less than $.005, you will not accrue any interest on that day. For balances held at banks affiliated with Schwab in the Bank Sweep and Bank Sweep for Benefit Plans features, interest will accrue even if the amount is less than $.005. Margin Account Customers:

This is a combined statement of your margin account and special memorandum account maintained for you under Section 220.5 of Regulation T issued by the Board of Governors of the Federal Reserve System. The permanent record of the separate account as required by Regulation T is available for your inspection.

Securities purchased on margin are Schwab's collateral for the loan to you. It is important that you fully understand the risks involved in trading securities on margin. These risks include: 1) You can lose more funds than you deposit in the margin account; 2) Schwab can force the sale of securities or other assets in any of your account(s) to maintain the required account equity without contacting you; 3) You are not entitled to choose which assets are liquidated nor are you entitled to an extension of time on a margin call; 4) Schwab can increase its "house" maintenance margin requirements at any time without advance written notice to you. Market Price: The most recent price evaluation available to Schwab on the last business day of the report period, normally the last trade price or bid as of market close. Unpriced securities denote that no market evaluation update is currently available. Price evaluations are obtained from outside parties.

Schwab shall have no responsibility for the accuracy or timeliness of any such valuations. Assets Not Held at Schwab are not held in your Account or covered by the Account's SIPC account protection and are not otherwise in Schwab's custody and are being provided as a courtesy to you. Information on Assets Not Held at Schwab, including but not limited to valuations, is reported solely based on information you provide to Schwab. Schwab can neither validate nor certify the existence of Assets Not Held at Schwab or the accuracy, completeness or timeliness of the information about Assets Not Held at Schwab, whether provided by you or otherwise. Descriptions of Assets Not Held at Schwab may be abbreviated or truncated.

Some securities, especially thinly traded equities in the OTC market or foreign markets, may not report the most current price and are indicated as Stale Priced. Certain Limited Partnerships (direct participation programs) and unlisted Real Estate Investment Trust (REIT) securities, for which you may see a value on your monthly Account statement that reflects the issuer's appraised estimated value, are not listed on a national securities exchange, and are generally illiquid. Even if you are able to sell such securities, the price received may be less than the per share appraised estimated value provided in the account statement.

Market Value: The Market Value is computed by multiplying the Market Price by the Quantity of Shares.

This is the dollar value of your present holdings in your specified Schwab Account or a summary of the Market Value summed over multiple accounts. Non-Publicly Traded Securities: All assets shown on this statement, other than certain direct investments which may be held by a third party, are held in your Account.

Values of certain Non-Publicly Traded Securities may be furnished by a third party as provided by Schwab's Account Agreement. Schwab shall have no responsibility for the accuracy or timeliness of such valuations.

The Securities Investor Protection Corporation (SIPC) does not cover many limited partnership interests.

CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Terms and Conditions (continued)
that period. Schwab and the Schwab Sweep Money Funds investment advisor may be voluntarily reducing a portion of a Schwab Sweep Money Fund's expenses. Without these reductions, yields would have been lower. Securities Products and Services: Securities products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Securities products and services, including unswept intraday funds and net credit balances held in brokerage accounts are not deposits or other obligations of, or guaranteed by, any bank, are not FDIC insured, and are subject to investment risk and may lose value. SIPC does not cover balances held at Program Banks in the Bank Sweep and Bank Sweep for Benefit Plans features. Please see your Cash Feature Disclosure Statement for more information on insurance coverage. Yield to Maturity: This is the actual average annual return on a note if held to maturity.

IN CASE OF ERRORS OR DISCREPANCIES: If you find an error or discrepancy relating to your brokerage activity (other than an electronic fund transfer) you must notify us promptly, but no later than 10 days after this statement is sent or made available to you. If this statement shows that we have mailed or delivered security certificate(s) that you have not received, notify Schwab immediately. You may call us at 800-435-4000. (Outside the U.S., call +1-415-667-8400.) If you're a client of an independent investment advisor, call us at 800-515-2157. Any oral communications should be re-confirmed in writing to further protect your rights, including rights under the Securities Investor Protection Act (SIPA). If you do not so notify us, you agree that the statement activity and Account balance are correct for all purposes with respect to those brokerage transactions. IN CASE OF COMPLAINTS: If you have a complaint regarding your Schwab statement, products or services, please write to Client Service & Support at Charles Schwab & Co., Inc., P.O. Box 982603 El Paso, TX 79998-2603, or call customer service at 800-435-4000. (Outside the U.S., call +1-415-667-8400.) If you're a client of an independent investment advisor, call us at 800-515-2157.

Address Changes: If you fail to notify Schwab in writing of any change of address or phone number, you may not receive important notifications about your Account, and trading or other restrictions might be placed on your Account. Additional Information: We are required by law to report to the Internal Revenue Service adjusted cost basis information (if applicable), certain payments to you and credits to your Account during the calendar year. Retain this statement for income tax purposes. A financial statement for your inspection is available at Schwab's offices or a copy will be mailed to you upon written request. Any third-party trademarks appearing herein are the property of their respective owners. Charles Schwab & Co., Inc., Charles Schwab Bank, Charles Schwab Premier Bank, and Charles Schwab Trust Bank are separate but affiliated companies and subsidiaries of the Charles Schwab Corporation. © 2025 Charles Schwab & Co., Inc. ("Schwab"). All rights reserved. Member SIPC. (O1CUSTNC) (0822-20UL) Schwab Institutional is a division of Charles Schwab & Co., Inc., and provides back office brokerage and related services to independent investment advisors and retirement plan providers. Schwab is a registered broker-dealer and is not affiliated with your Investment Advisor whose name appears on this statement ("Advisors") except in the case of Charles Schwab Investment Advisory, Inc. ("CSIA"), Schwab Wealth Investment Advisory, Inc. ("SWIA"), or an affiliated company that may act as the investment advisor on a fund. Schwab neither endorses nor recommends any particular Advisor or its investment strategy and has no responsibility to monitor trading by any Advisor in your Account. Schwab has not verified any statement accompanying any Advisor's logo appearing on this statement. Not all of these products and services may benefit your Account, and Schwab may provide them to Advisors on the Advisor's commitment to place a certain amount of its clients' assets in brokerage accounts at Schwab within a certain period of time. This commitment could influence an Advisor's recommendation or requirement that its clients establish brokerage accounts at Schwab. For questions about this statement, or if there is a change in your financial situation, investment objectives, or risk profile, please contact your Independent Investment Manager and/or Advisor.

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1 of 6
Statement Period
CITY OF SANTA FE SPRINGS September 1-30, 2025
Account Number
9853-5216
Schwab One® Account of
CIT
Y
OF S
A
N
T
A FE
S
P
RIN
G
S
11710 T
ELE
G
R
A
P
H
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A FE
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A 90670-3658
09/30-83153-AC108-REG91216-172
This Statement YTD
Beginning Account Value $1,362,840.56 $0.00
Deposits 0.00 0.00
Withdrawals (28,439.69) (37,425.94)
Dividends and Interest 28,439.58 37,425.94
Transfer of Securities 0.00 1,361,960.38
Market Appreciation/(Depreciation) (419.90) 460.17
Expenses 0.00 0.00
Ending Account Value $1,362,420.55 $1,362,420.55
Account Ending Value reflects the market value of your cash and investments. It does not include pending transactions, unpriced securities or assets held outside Schwab's custody.

Your Independent Investment Manager
and/or Advisor

SHUSTER ADVISORY GROUP, LLC
155 N. LAKE AVE
SUITE 950
PASADENA CA 91101-4860
1 (626) 578-0816
The custodian of your brokerage account is:

Charles Schwab & Co., Inc. Member SIPC. Your
independent Investment Advisor is not affiliated
with or an agent of Schwab and Schwab does not
supervise or endorse your Advisor.

Account Summary
Ending Account Value as of 09/30 Beginning Account Value as of 09/01 $1,362,420.55 $1,362,840.56
Online Assistance
Visit us online at schwaballiance.com
Visit schwab.com/stmt to explore the features
and benefits of this statement.

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Oct'24 Nov Dec Jan'25 Feb Mar Apr May Jun Jul Aug Sep
$0.0M
$0.30M
$0.60M
$0.90M
$1.20M
$1.50M
2 of 6
Statement Period
CITY OF SANTA FE SPRINGS September 1-30, 2025
Schwab One® Account of
i
Asset Allocation
This Period Current Allocation
Fixed Income 1,362,420.55 100%
Total $1,362,420.55 100%
i
Top Account Holdings This Period
SYMBOL
CUSIP Description
Market
Value
% of
Accounts
22536DWD6 CREDIT AGRICOLE 528,984.75 39%
63873QP65 NATIXIS, NEW YOR 508,220.00 37%
65558UYF3 NORDEA ABP - NEW 325,215.80 24%
.

Gain or (Loss) Summary
Short-Term (ST) Long-Term (LT)
Gain (Loss) Net Gain (Loss) Net
This
Period

0.00 0.00 0.00 0.00 0.00 0.00
YTD 0.00 0.00
Unrealized $12,420.55,
Values may not reflect all of your gains/losses and may be rounded up to the nearest dollar; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases.

0.00 28,439.58 0.00 37,425.83
Total Income $0.00 $28,439.58 $0.00 $37,425.94
A Message About Your Account
Statement of Financial Condition
The most recent statement of financial condition for Charles Schwab & Co., Inc. (CS&Co) may be obtained at no cost, via the Internet at http://www.schwab.com/legal/financials or by contacting CS&Co at 1-800-435-4000. If you are a client of an independent investment advisor, contact Schwab Alliance at 1-800-515-2157. International clients, please call us at +1-415-667-7870 and Charles Schwab Hong Kong clients, please call +852-2101-0500. At June 30, and July 31, 2025, CS&Co had net capital of $12.0 billion and $10.9 billion, respectively, and a net capital requirement of $2.2 billion and $2.3 billion, respectively. A copy of the report may be requested via: Investor Relations, 3000 Schwab Way, Westlake, TX 3 of 6
Statement Period
CITY OF SANTA FE SPRINGS September 1-30, 2025
Schwab One® Account of
A Message About Your Account (continued)
76262. Independent investment advisors are not owned by, affiliated with, or supervised by CS&Co.

Positions - Summary
Beginning Value
as of 09/01 +
Transfer of
Securities(In/Out) +
Dividends
Reinvested + Cash Activity +
Change in
Market Value =
Ending Value
as of 09/30 Cost Basis
Unrealized
Gain/(Loss)
$1,362,840.56 $0.00 $0.00 ($0.11) ($419.90) $1,362,420.55 $1,350,000.00 $12,420.55 Values may not reflect all of your gains/losses; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions.

0.11 0.00 (0.11) 0.05%
Total Cash and Cash Investments $0.11 $0.00 ($0.11)
Positions - Fixed Income
Symbol/
CUSIP Description Coupon
Maturity
Date Quantity/Par Price($)
Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($)
Yield to
Maturity
Est. Annual
Income($)
Accrued
Income($)
% of
Acct
65558UYF3 NORDEA ABP - NEW
Moodys: NR S&P: NR

5.53% 11/03/25 325,000.0000 100.06640 325,215.80 325,000.00 325,000.00
t
215.80 5.53% 17,972.50 7,538.47 24%
63873QP65 NATIXIS, NEW YOR
Moodys: NR S&P: NR

5.61% 09/18/26 500,000.0000 101.64400 508,220.00 500,000.00 500,000.00
t
8,220.00 5.61% 28,050.00 1,012.92 37%
22536DWD6 CREDIT AGRICOLE
Moodys: NR S&P: NR

4.76% 02/01/27 525,000.0000 100.75900 528,984.75 525,000.00 525,000.00
t
3,984.75 4.76% 24,990.00 16,521.17 39%
Total Fixed Income 1,350,000.0000 $1,362,420.55 $12,420.55 $71,012.50 $25,072.56 100% Total Adj Cost Basis $1,350,000.00
Total Orig Cost Basis $1,350,000.00
Accrued Income represents the interest that would be received if the fixed income investment was sold prior to the coupon payment.

Yield to Maturity is the annualized rate of return earned if held until maturity date.

Total Adj Cost Basis and Total Orig Cost Basis are the sums of the individual positions held, which may be incomplete or unavailable. 4 of 6
Statement Period
CITY OF SANTA FE SPRINGS September 1-30, 2025
Schwab One® Account of
Transactions - Summary
Beginning Cash* as of 09/01 + Deposits + Withdrawals + Purchases + Sales/Redemptions + Dividends/Interest + Expenses = Ending Cash* as of 09/30 $0.11 $0.00 ($28,439.69) $0.00 $0.00 $28,439.58 $0.00 $0.00 Other Activity $0.00 Other activity includes transactions which don't affect the cash balance such as stock transfers, splits, etc. *Cash (includes any cash debit balance) held in your account plus the value of any cash invested in a sweep money fund.

Transaction Details
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/18 Interest CD Interest 63873QP65 NATIXIS, NEW YOR 5.61%26 28,439.58 09/23 Withdrawal Journaled Funds JOURNAL TO 47275745 (28,439.69) Total Transactions ($0.11) $0.00
Date column represents the Settlement/Process date for each transaction.

Bank Sweep Activity
Date Description Amount Date Description Amount Date Description Amount 09/01 Beginning Balance
X,Z $0.11 09/24 BANK TRANSFER TO BROKERAGE (28,439.69) 09/30 Interest Rate* Z 0.05% 09/19 BANK CREDIT FROM BROKERAGE
X 28,439.58 09/30 Ending Balance
X,Z $0.00
* Your interest period was 08/16/25 - 09/15/25.

Z
Endnotes For Your Account
t Data for this holding has been edited or provided by a third party.

Z For the Bank Sweep and Bank Sweep for Benefit Plans features, interest is paid for a period that differs from the Statement Period. Balances include interest paid as indicated on your statement by Schwab or one or more of its Program Banks. These balances do not include interest that may have accrued during the Statement Period after interest is paid. The interest paid may include interest that accrued in the prior Statement Period. 5 of 6
Statement Period
CITY OF SANTA FE SPRINGS September 1-30, 2025
Schwab One® Account of
Terms and Conditions
GENERAL INFORMATION AND KEY TERMS: This Account statement is furnished solely by Charles Schwab & Co., Inc. ("Schwab") for your Account at Schwab ("Account"). Unless otherwise defined herein, capitalized terms have the same meanings as in your Account Agreement. If you receive any other communication from any source other than Schwab which purports to represent your holdings at Schwab (including balances held at a Depository Institution) you should verify its content with this statement.

Market Value: The Market Value is computed by multiplying the Market Price by the Quantity of Shares.

The Securities Investor Protection Corporation (SIPC) does not cover many limited partnership interests.

Schwab Sweep Money Funds: Includes the primary money market funds into which Free Credit Balances may be automatically invested pursuant to your Account Agreement. Schwab or an affiliate acts and receives compensation as the Investment Advisor, Shareholder Service Agent and Distributor for the Schwab Sweep Money Funds. The amount of such compensation is disclosed in the prospectus. The yield information for Schwab Sweep Money Funds is the current 7-day yield as of the statement period. Yields vary. If on any given day, the accrued daily dividend for your selected sweep money fund as calculated for your account is less than ½ of 1 cent ($0.005), your account will not earn a dividend for that day. In addition, if you do not accrue at least 1 daily dividend of $0.01 during a pay period, you will not receive a money market dividend for that period. Schwab and the Schwab Sweep Money Funds investment advisor may be voluntarily reducing a portion of a Schwab Sweep Money Fund's expenses. Without these reductions, yields would have been lower. Securities Products and Services: Securities products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Securities products and services, including unswept intraday funds and net credit balances held in brokerage accounts are not deposits or other obligations of, or guaranteed by, any bank, are not FDIC insured, and are subject to investment risk and may lose value. SIPC does not cover balances held at Program Banks in the Bank Sweep and Bank Sweep for Benefit Plans features. Please see your Cash Feature Disclosure Statement for more information on insurance coverage. Yield to Maturity: This is the actual average annual return on a note if held to maturity.

IN CASE OF ERRORS OR DISCREPANCIES: If you find an error or discrepancy relating to your 6 of 6
Statement Period
CITY OF SANTA FE SPRINGS September 1-30, 2025
Schwab One® Account of
Terms and Conditions (continued)
brokerage activity (other than an electronic fund transfer) you must notify us promptly, but no later than 10 days after this statement is sent or made available to you. If this statement shows that we have mailed or delivered security certificate(s) that you have not received, notify Schwab immediately. You may call us at 800-435-4000. (Outside the U.S., call +1-415-667-8400.) If you're a client of an independent investment advisor, call us at 800-515-2157. Any oral communications should be re-confirmed in writing to further protect your rights, including rights under the Securities Investor Protection Act (SIPA). If you do not so notify us, you agree that the statement activity and Account balance are correct for all purposes with respect to those brokerage transactions. IN CASE OF COMPLAINTS: If you have a complaint regarding your Schwab statement, products or services, please write to Client Service & Support at Charles Schwab & Co., Inc., P.O. Box 982603 El Paso, TX 79998-2603, or call customer service at 800-435-4000. (Outside the U.S., call +1-415-667-8400.) If you're a client of an independent investment advisor, call us at 800-515-2157.

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS OPEB
Account Number
6975-1306
Schwab One® Trust Account of
C
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09/30-83150-ID206-REG91216-175
This Statement YTD
Beginning Account Value $37,958,536.61 $33,862,444.25
Deposits 0.00 91,000.00
Withdrawals 0.00 (2,335,437.09)
Dividends and Interest 98,907.29 621,837.34
Transfer of Securities 0.00 2,340,797.26
Market Appreciation/(Depreciation) 793,386.84 4,284,216.54 Expenses (1,898.06) (15,925.62)
Ending Account Value $38,848,932.68 $38,848,932.68
Account Ending Value reflects the market value of your cash and investments. It does not include pending transactions, unpriced securities or assets held outside Schwab's custody.

Account Summary
Ending Account Value as of 09/30 Beginning Account Value as of 09/01 $38,848,932.68 $37,958,536.61
Your Retirement Plan Provider

CHARLES SCHWAB TRUST BANK
211 MAIN ST FL 14
SAN FRANCISCO CA 94105-1965
1 (877) 319-2782
The custodian of your brokerage account is:

Charles Schwab & Co., Inc. Member SIPC. For
questions about this statement, please contact
your Retirement Plan Provider.

Commitment to Transparency
Client Relationship Summaries and Best Interest
disclosures are at schwab.com/transparency.

Charles Schwab & Co., Inc. Member SIPC.

Online Assistance
Visit us online at schwab.com
Visit schwab.com/stmt to explore the features
and benefits of this statement.

Time to go digital
Sign up for paperless at schwab.com/ez
Oct'24 Nov Dec Jan'25 Feb Mar Apr May Jun Jul Aug Sep
$31.7M
$33.3M
$34.8M
$36.4M
$37.9M
$39.4M
2 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS OPEB
Schwab One® Trust Account of
$38.84M
Asset Allocation
This Period
Current
Allocation
Cash and Cash Investments 100,696.68 <1%
Mutual Funds 3,425,825.95 9%
Exchange Traded Funds 32,981,612.79 85%
Alternative Investments 2,340,797.26 6%
Total $38,848,932.68 100%
i
Top Account Holdings This Period
SYMBOL
CUSIP Description
Market
Value
% of
Accounts
IVV ISHARES CORE S&P 500 7,420,172.56 19%
PIMIX PIMCO INCOME INSTL 3,425,825.95 9%
EFV ISHARES MSCI EAFE VALUE 3,271,771.18 8%
QUAL ISHARES MSCI USA QLTY 2,970,334.14 8%
VIGI VANGUARD INTL DIVIDEND 2,737,907.68 7%
.

Gain or (Loss) Summary
All Positions
Gain (Loss) Net
This Period 166,788.52 (3,752.93) 163,035.59
YTD (110,580.83)
Unrealized $5,254,411.46
Values may not reflect all of your gains/losses; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. Please login to your account at Schwab.com for real-time gain/loss information. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions. i
Income Summary
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
0 40
80 120
160
200

98.91 Thousands ($)
This Period YTD
Bank Sweep Interest 7.09 82.02
Cash Dividends 98,900.20 598,659.09
Total Income $98,907.29 $598,741.11
3 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS OPEB
Schwab One® Trust Account of
A Message About Your Account
Statement of Financial Condition
The most recent statement of financial condition for Charles Schwab & Co., Inc. (CS&Co) may be obtained at no cost, via the Internet at http://www.schwab.com/legal/financials or by contacting CS&Co at 1-800-435-4000. If you are a client of an independent investment advisor, contact Schwab Alliance at 1-800-515-2157. International clients, please call us at +1-415-667-7870 and Charles Schwab Hong Kong clients, please call +852-2101-0500. At June 30, and July 31, 2025, CS&Co had net capital of $12.0 billion and $10.9 billion, respectively, and a net capital requirement of $2.2 billion and $2.3 billion, respectively. A copy of the report may be requested via: Investor Relations, 3000 Schwab Way, Westlake, TX 76262. Independent investment advisors are not owned by, affiliated with, or supervised by CS&Co.

Positions - Summary
Beginning Value
as of 09/01 +
Transfer of
Securities(In/Out) +
Dividends
Reinvested + Cash Activity +
Change in
Market Value =
Ending Value
as of 09/30 Cost Basis
Unrealized
Gain/(Loss)
$37,958,536.61 $0.00 ($96,333.86) $97,009.23 $889,720.70 $38,848,932.68 $31,153,027.28 i
$5,254,411.46
i
Values may not reflect all of your gains/losses. Cost basis may change and be adjusted in certain cases. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional gain or (loss) information refer to Terms and Conditions.

Cash and Cash Investments
Type Symbol Description Quantity Price($)
Beginning
Balance($)
Ending
Balance($)
Change in Period
Balance($)
Pending/Unsettled
Cash($)
Interest/
Yield Rate
% of
Acct
Bank Sweep CHARLES SCHWAB
BANK,
A,B
125,686.76 100,696.68 (24,990.08) 0.05% <1%
Total Cash and Cash Investments $125,686.76 $100,696.68 ($24,990.08) <1% Positions - Mutual Funds
Symbol Description Quantity Price($) Market Value($) Cost Basis($) Unrealized Gain/(Loss)($) % of
Acct

PIMIX PIMCO INCOME INSTL
◊ ,
314,873.7090 10.88000 3,425,825.95 3,366,802.22 59,023.73 9% Total Mutual Funds $3,425,825.95 $3,366,802.22 $59,023.73 9% 4 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS OPEB
Schwab One® Trust Account of
Positions - Exchange Traded Funds
Symbol Description Quantity Price($) Market Value($) Cost Basis($) Unrealized
Gain/(Loss)($) Est. Yield
Est. Annual
Income($)
% of
Acct

FBND FIDELITY TOTAL BOND ETF
◊ ,
36,483.1500 46.24000 1,686,980.86 1,680,295.89 6,684.97 4.77% 80,554.80 4%

IEMG ISHARES CORE MSCI
◊ ,
31,174.0533 65.92000 2,054,993.59 1,503,131.00 551,862.59 2.15% 44,246.33 5% IVV ISHARES CORE S&P 500
◊ ,
11,086.4673 669.30000 7,420,172.56 5,873,115.54 1,547,057.02 1.19% 88,458.83 19%

EFV ISHARES MSCI EAFE VALUE
◊ ,
48,234.8692 67.83000 3,271,771.18 2,625,524.36 646,246.82 4.01% 131,458.06 8%

QUAL ISHARES MSCI USA QLTY
◊ ,
15,271.6408 194.50000 2,970,334.14 2,593,415.91 376,918.23 0.96% 28,623.09 8%

IUSB ISHARES TOTAL USD BOND
◊ ,
21,359.3368 46.71000 997,694.62 979,406.11 18,288.51 N/A N/A 3%

IFRA ISHARES US
◊ ,
30,359.7313 52.82000 1,603,601.01 1,418,478.77 185,122.24 1.63% 26,229.11 4%

DYNF ISHS US EQTY FACTR
◊ ,
29,730.7567 59.20000 1,760,060.80 1,371,882.67 388,178.13 0.8% 14,096.42 5%

JAAA JANUS HENDERSON AAA CLO
◊ ,
11,564.4907 50.78000 587,244.84 588,206.36 (961.52) 5.25% 30,888.99 2%

BBJP JPMORGAN BETABUILDERS
◊ ,
24,094.0000 66.32000 1,597,914.08 1,296,157.61 301,756.47 N/A N/A 4%

JPIE JPMORGAN INCOME ETF
◊ ,
23,407.5567 46.41000 1,086,344.71 1,066,746.78 19,597.93 5.84% 63,467.25 3%

PYLD PIMCO MULTISECTOR BOND
,
18,331.0000 26.84000 492,004.04 479,254.01 12,750.03 6.25% 30,796.08 1% SPYG SPDR S&P 500 GROWTH ETF
◊ ,
11,417.7616 104.51000 1,193,270.26 871,307.68 321,962.58 0.53% 6,345.81 3% SPYV SPDR S&P 500 VALUE ETF
◊ ,
42,542.5234 55.33000 2,353,877.82 2,040,487.08 313,390.74 1.84% 43,546.19 6%

VGT VANGUARD INFORMATION
◊ ,
1,563.6133 746.63000 1,167,440.60 881,945.65 285,494.95 0.45% 5,370.07 3%

VIGI VANGUARD INTL DIVIDEND
◊ ,
30,567.2399 89.57000 2,737,907.68 2,516,869.64 221,038.04 1.61% 44,346.95 7% Total Exchange Traded Funds $32,981,612.79 $27,786,225.06 $5,195,387.73 $638,427.98 85% 5 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS OPEB
Schwab One® Trust Account of
Positions - Alternative Investments
Symbol Description Quantity Price($) Market Value($) Cost Basis($) Unrealized
Gain/(Loss)($) Est. Yield
Est. Annual
Income($)
% of
Acct

THOROFARE ASSET BASED LE
7,

NDING FUND V LP
2,340,797.2600 1.00000 2,340,797.26 N/A i N/A i N/A N/A 6% Total Alternative Investments $2,340,797.26 $0.00 $0.00 $0.00 6% Estimated Annual Income ("EAI") and Estimated Yield ("EY") calculations are for informational purposes only. The actual income and yield might be lower or higher than the estimated amounts. EY is based upon EAI and the current price of the security and will fluctuate. For certain types of securities, the calculations could include a return of principal or capital gains in which case EAI and EY would be overstated. EY and EAI are not promptly updated to reflect when an issuer has missed a regular payment or announced changes to future payments, in which case EAI and EY will continue to display at a prior rate.

Transactions - Summary
Beginning Cash* as of 09/01 + Deposits + Withdrawals + Purchases + Sales/Redemptions + Dividends/Interest + Expenses = Ending Cash* as of 09/30 $125,686.76 $0.00 $0.00 ($1,675,095.44) $1,553,096.13 $98,907.29 ($1,898.06) $100,696.68 Other Activity $0.00 Other activity includes transactions which don't affect the cash balance such as stock transfers, splits, etc. *Cash (includes any cash debit balance) held in your account plus the value of any cash invested in a sweep money fund.

Transaction Details
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/02 Purchase Reinvested Shares FBND FIDELITY TOTAL BOND ETF 79.7270 45.7800 (3,649.90) Dividend Div For Reinvest FBND FIDELITY TOTAL BOND ETF 3,649.90 09/04 Sale IEMG ISHARES CORE MSCI EMERGING ETF (2,687.0000) 62.1601 0.45 167,023.74 37,805.91, Industry Fee $0.45
Sale EFV ISHARES MSCI EAFE VALUE ETF (2,675.0000) 66.2623 0.44 177,251.21 35,957.71 Industry Fee $0.44
Sale QUAL ISHARES MSCI USA QLTY FACT ETF (812.0000) 188.1828 0.13 152,804.30 16,802.42 Industry Fee $0.13
Sale IFRA ISHARES US INFRASTRUCTURE ETF (2,080.0000) 51.1417 0.35 106,374.39 15,686.60 Industry Fee $0.35
6 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS OPEB
Schwab One® Trust Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/04 Sale BBJP JPMORGAN BETABUILDERS JAPAN
ETF
(1,285.0000) 64.3128 0.21 82,641.74 13,765.74
Industry Fee $0.21
Sale PIMIX PIMCO INCOME INSTL (28,176.9500) 10.8400 18.00 305,420.14 4,163.62 Commission $18.00
Sale SPYV SPDR S&P 500 VALUE ETF (2,760.0000) 54.1601 0.46 149,481.42 23,749.62 Industry Fee $0.46
Sale VGT VANGUARD INFORMATION

TECHNOLOGY ETF
(119.0000) 690.3401 0.02 82,150.45 18,856.90
Industry Fee $0.02
Purchase FBND FIDELITY TOTAL BOND ETF 21,514.0000 45.9500 (988,568.30) Purchase Reinvested Shares JPIE JPMORGAN INCOME ETF 113.4821 46.3800 (5,263.30) Dividend Div For Reinvest JPIE JPMORGAN INCOME ETF 5,263.30 Dividend Cash Dividend PYLD PIMCO MULTISECTOR BOND 2,566.34 09/05 Purchase Reinvested Shares IUSB ISHARES TOTAL USD BOND MARKET ETF

74.6570 46.6500 (3,482.75)
Dividend Div For Reinvest IUSB ISHARES TOTAL USD BOND 3,482.75 09/08 Purchase Reinvested Shares JAAA JANUS HENDERSON AAA CLO ETF 50.6086 50.6400 (2,562.82) Dividend Div For Reinvest JAAA JANUS HENDERSON AAA CLO 2,562.82 09/09 Sale FBND FIDELITY TOTAL BOND ETF (3,228.0000) 46.4537 0.54 149,952.00 (1,850.28), Industry Fee $0.54
Purchase QUAL ISHARES MSCI USA QLTY FACT ETF 812.0000 189.6499 (153,995.72) Purchase VIGI VANGUARD INTL DIVIDEND APRECTN
ETF
1,580.0000 90.3765 (142,795.02)
09/10 Purchase EFV ISHARES MSCI EAFE VALUE ETF 35.0000 67.5081 (2,362.78) 09/11 Sale FBND FIDELITY TOTAL BOND ETF (3,868.0000) 46.5350 0.64 179,996.74 (1,902.65), Industry Fee $0.64
Purchase FBND FIDELITY TOTAL BOND ETF 2,149.0000 46.5383 (100,010.81) Purchase EFV ISHARES MSCI EAFE VALUE ETF 1,415.0000 67.4973 (95,508.68) 7 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS OPEB
Schwab One® Trust Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/11 Purchase SPYV SPDR S&P 500 VALUE ETF 1,768.0000 54.0273 (95,520.27) 09/16 Interest Bank Interest
A,B BANK INT 081625-091525 6.31
Interest Bank Interest
A,B BANK INT 081625-091525 0.78
09/19 Purchase Reinvested Shares IVV ISHARES CORE S&P 500 ETF 33.1215 665.6900 (22,048.64) Purchase Reinvested Shares QUAL ISHARES MSCI USA QLTY FACT ETF 37.1693 192.0500 (7,138.36) Purchase Reinvested Shares IFRA ISHARES US INFRASTRUCTURE ETF 125.5561 52.0099 (6,530.16) Purchase Reinvested Shares DYNF ISHS US EQTY FACTR ROTATN ACT ETF

59.7323 58.8799 (3,517.03)
Dividend Div For Reinvest IVV ISHARES CORE S&P 500 22,048.64 Dividend Div For Reinvest QUAL ISHARES MSCI USA QLTY 7,138.36 Dividend Div For Reinvest IFRA ISHARES US 6,530.16
Dividend Div For Reinvest DYNF ISHS US EQTY FACTR 3,517.03 Expense Advisor Fee
* TO ADVISOR (1,898.06)
09/23 Purchase Reinvested Shares VIGI VANGUARD INTL DIVIDEND APRECTN ETF
122.6644 90.0200 (11,042.25)
Dividend Div For Reinvest VIGI VANGUARD INTL DIVIDEND 11,042.25 09/24 Purchase Reinvested Shares SPYG SPDR S&P 500 GROWTH ETF 15.2662 103.7800 (1,584.33) Purchase Reinvested Shares SPYV SPDR S&P 500 VALUE ETF 197.1275 54.9700 (10,836.10) Dividend Div For Reinvest SPYG SPDR S&P 500 GROWTH ETF 1,584.33 Dividend Div For Reinvest SPYV SPDR S&P 500 VALUE ETF 10,836.10 09/26 Purchase Reinvested Shares VGT VANGUARD INFORMATION

TECHNOLOGY ETF

1.8259 734.4000 (1,340.95)
Dividend Div For Reinvest VGT VANGUARD INFORMATION 1,340.95 09/30 Purchase Reinvested Shares PIMIX PIMCO INCOME INSTL 1,593.4990 10.8800 (17,337.27) Dividend Div For Reinvest PIMIX PIMCO INCOME INSTL 17,337.27 Total Transactions ($24,990.08) $163,035.59
Date column represents the Settlement/Process date for each transaction. 8 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS OPEB
Schwab One® Trust Account of
Bank Sweep for Benefit Plans Activity
Date Description Amount Date Description Amount
09/01 Beginning Balance
A,B $125,686.76 09/15 BANK INTEREST - SCHWAB TRUST BANK A,B 0.78
09/04 BANK CREDIT FROM BROKERAGE
A 237,145.43 09/16 BANK SWEEP XFER FROM SCHWAB TRUST BANK (0.78) 09/09 BANK TRANSFER TO BROKERAGE (146,838.74) 09/16 BANK SWEEP XFER TO CHARLES SCHWAB BANK A 0.78
09/10 BANK TRANSFER TO BROKERAGE (2,362.78) 09/22 BANK TRANSFER TO BROKERAGE (1,898.06) 09/11 BANK TRANSFER TO BROKERAGE (111,043.02) 09/30 Ending Balance A,B $100,696.68
09/15 BANK INTEREST - CHARLES SCHWAB BANK
A,B 6.31 09/30 Interest Rate
* B 0.05%
* Your interest period was 08/16/25 - 09/15/25.

B
Pending / Open Activity
Activity
Type Date Action
Symbol/
CUSIP Description Quantity
Market Price/
Rate per Share($) Limit Price($)
Settle/
Payable Date
Expiration
Date Amount($)
Pending 09/29 Cash
Dividend
FBND FIDELITY TOTAL BOND ETF 36,483.1500 0.1680 10/01 6,129.17 Total Pending Transactions $6,129.17
Pending transactions are not included in account value.

Endnotes For Your Account
◊ Dividends paid on this security will be automatically reinvested. * You authorize Schwab to debit your account to pay investment management fees per the authorization you granted in your Account Application. Schwab does not review or monitor these fee payments. Contact your Investment Manager if you have questions. i Value includes incomplete, missing or cost basis that is not tracked due to the security type. If cost basis is not available for an investment, you may be able to provide updates. For questions, please refer to the contact information on the first page of this statement. 7 Alternative Investments: Price is provided for information purpose only and is the initial purchase price or the most recent price determined by an issuer or issuer representative, and, in either instance, may not represent the current market value. In certain instances valuations may have been derived by an independent appraisal. If you have sold or transferred this asset, please contact Charles Schwab & Co., Inc. and, if applicable, your investment advisor.

A Bank Sweep for Benefit Plans deposits are held at one or more FDIC-insured Program Banks.

Charles Schwab & Co., Inc. is not an FDIC-insured bank and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for FDIC insurance coverage to apply. Please review the Cash Features Program Disclosure Statement for a list of the Program Banks at schwab.com/cashfeaturesdisclosure.

B For the Bank Sweep and Bank Sweep for Benefit Plans features, interest is paid for a period that differs from the Statement Period. Balances include interest paid as indicated on your statement by Schwab or one or more of its Program Banks. These balances do not include interest that may have accrued during the Statement Period after interest is paid. The interest paid may include interest that accrued in the prior Statement Period. 9 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS OPEB
Schwab One® Trust Account of
Terms and Conditions
This Account statement is furnished solely by Charles Schwab & Co., Inc. ("Schwab") for your Schwab Personal Choice Retirement Account® ("Account") at Schwab. Schwab is a registered broker-dealer and, provides brokerage and custody services for your Account. Schwab is a wholly owned subsidiary of The Charles Schwab Corporation. Other wholly owned subsidiaries of The Charles Schwab Corporation include the following Schwab "Affiliates": Charles Schwab Investment Management, Inc. ("CSIM"); Charles Schwab Investment Advisory, Inc. ("CSIA"); Schwab Wealth Advisory, Inc. ("SWAI"); Schwab Retirement Plan Services, Inc.; and Charles Schwab Bank. CSIA, CSIM, and SWAI provide investment advisory services.

Schwab Retirement Plan Services, Inc. provides recordkeeping and related services with respect to retirement and other benefit plans. Charles Schwab Bank provides trust and custody services with respect to retirement and other benefit plans. This Account statement may identify an independent retirement plan service provider or "Advisor." The independent retirement plan service provider or Advisor may provide services with respect to your Account but is not affiliated with Schwab. The independent retirement plan service provider or Advisor is independently owned and operated and are not Schwab Affiliates. Schwab maintains agreements with certain independent retirement plan service providers and Advisors under which Schwab may provide such companies with services related to your Account. However, Schwab neither endorses nor recommends any particular independent retirement plan service provider or Advisor or investment strategy and has no responsibility to monitor trading by any independent retirement plan service provider or Advisor on your Account. GENERAL INFORMATION AND KEY TERMS: If you receive any other communication from any source other than Schwab, or other authorized affiliate of Schwab which purports to represent your holdings at Schwab, you should verify its content with this statement. Accrued Income: Accrued Income is the sum of the total accrued interest and/or accrued dividends on positions held in your Account, but the interest and/or dividends have not been received into your account. Schwab makes no representation that the amounts shown (or any other amount) will be received. Accrued amounts are not covered by SIPC account protection until actually received and held in the Account. AIP (Automatic Investment Plan) Customers: Schwab receives remuneration in connection with certain transactions effected through Schwab. If you participate in a systematic investment program through Schwab, the additional information normally detailed on a trade confirmation will be provided upon request. Average Daily Balance: Average daily composite of all cash balances that earn interest and all loans from Schwab that are charged interest. Interest cycles may differ from statement cycles. Bank Sweep and Bank Sweep for Benefit Plans Features: Schwab acts as your agent and custodian in establishing and maintaining your Deposit Account(s) as a feature for your PCRA account. Deposit accounts held through these bank sweep features constitute direct obligations of one or more FDIC insured banks ("Program Banks") that are not obligations of Schwab. Funds swept to Program Banks are eligible for deposit insurance from the FDIC up to the applicable limits for each bank for funds held in the same insurable capacity. The balance in the Deposit Accounts can be withdrawn on your order and the proceeds returned to your brokerage account or remitted to you as provided in your Account Agreement. For information on FDIC insurance and its limits, as well as other important disclosures about the bank sweep feature(s), please refer to the Cash Features Disclosure Statement available online or from a Schwab representative. Cash: Any Free Credit Balance owed by us to you payable upon demand which, although accounted for on our books of record, is not segregated and may be used in the conduct of this firm's business. Credit Interest: If, on any given day, the interest that Schwab calculates for your Account is less than $.005, you will not earn any interest on that day. Dividend Reinvestment Customers: Dividend reinvestment transactions were effected by Schwab acting as a principal for its own Account, except for the reinvestment of Schwab dividends, for which an independent broker-dealer acted as the buying agent. The time of these transactions, the exchange upon which these transactions occurred, and the name of the person from whom the security was purchased will be furnished upon written request. Estimated Annual Income: Estimated annual income is derived from information provided by outside parties. Schwab cannot guarantee the accuracy of such information. Since the interest and dividends are subject to change at any time, they should not be relied upon exclusively for making investment decisions. Fees and Charges: Includes Margin Interest, Retirement Plan Service Provider fees, and Management Fees that may be charged during the statement period. Contact your Retirement Plan Service Provider and/or your Investment Advisor if you have questions about his or her fees. Gain (or Loss): Unrealized Gain or (Loss) and Realized Gain or (Loss) sections ("Gain/Loss Section(s)") contain a gain or a loss summary of your Account. This information has been provided on this statement at the request of your Advisor. This information is not a solicitation or a recommendation to buy or sell. It may, however, be helpful for investment and tax planning strategies. Schwab does not provide tax advice and encourages you to consult with your tax professional. Please view the Cost Basis Disclosure Statement for additional information on how gain (or loss) is calculated and how Schwab reports adjusted cost basis information to the IRS. Interest: For the Bank Sweep and Bank Sweep for Benefit Plans features, interest is paid for a period that differs from the Statement Period.

Balances include interest paid as indicated on your statement by Schwab or one or more of its Program Banks. These balances do not include interest that may have accrued during the Statement Period after interest is paid. The interest paid may include interest that accrued in the prior Statement Period. For the Bank Sweep feature, interest accrues daily from the 16th day of the prior month and is credited/posted on the first business day after the 15th of the current month. If, on any given day, the interest that Schwab calculates for the Free Credit Balances in the Bank Sweep feature in your brokerage account is less than $.005, you will not accrue any interest on that day. For balances held at Program Banks in the Bank Sweep and Bank Sweep for Benefit Plans features, interest will accrue even if the amount is less than $.005, but interest will not be credited if less than $.005. Market Price: The most recent price evaluation available to Schwab on the last business day of the statement period, normally the last trade price or bid as of market close. Unpriced securities denote that no market evaluation update is currently available. Price evaluations are obtained from outside parties. Schwab shall have no responsibility for the accuracy or timeliness of any such valuations. Assets Not Held at Schwab are not held in your Account or covered by the Account's SIPC account protection and are not otherwise in Schwab's custody and are being provided as a courtesy to you.

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS OPEB
Schwab One® Trust Account of
Terms and Conditions (continued)
contracts which are subject to exercise, including positions established on the day of assignment; (4) Realized gain/loss of underlying securities is adjusted to reflect the premiums of assigned or exercised options. Please consult your tax advisor or IRS publication 550, Investment Income and Expenses, for additional information on Options. Restricted Securities: See your Account Agreement for information regarding your responsibilities concerning the sale or control of restricted securities. Schwab Sweep Money Funds: Includes the primary money market funds into which Free Credit Balances may be automatically invested pursuant to your Account Agreement. Schwab or an affiliate acts and receives compensation as the Investment Advisor, Shareholder Service Agent and Distributor for the Schwab Sweep Money Funds. The amount of such compensation is disclosed in the prospectus. The yield information for Schwab Sweep Money Funds is the current 7-day yield as of the statement period. Yields vary. If, on any given day, the accrued daily dividend for your selected sweep money fund as calculated for your account is less than 1/2 of 1 cent ($0.005), your account will not earn a dividend for that day. In addition, if you do not accrue at least 1 daily dividend of $0.01 during a pay period, you will not receive a money market dividend for that period. Schwab and the Schwab Sweep Money Funds investment advisor may be voluntarily reducing a portion of a Schwab Sweep Money Fund's expenses. Without these reductions, yields would have been lower. Securities Products and Services: Securities products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Securities products and services, including unswept intraday funds and net credit balances held in brokerage accounts are not deposits or other obligations of, or guaranteed by, any bank, are not FDIC insured, and are subject to investment risk and may lose value. SIPC does not cover balances held at Program Banks in the Bank Sweep and Bank Sweep for Benefit Plans features. Short Positions: Securities sold short will be identified with an "S" in Investment Detail. The market value of these securities will be expressed as a debit and will be netted against any long positions in Total Account Value. Wire Transfers and Check Transactions: If, upon prompt examination, you find that your records and ours disagree, or if you suspect that a wire transfer is unauthorized, a check or endorsement is altered or forged, or checks are missing or stolen, call us immediately at the Schwab Customer Service number listed on the front of this statement. If you do not so notify us in writing promptly, but in no event later than 10 days after we send or make available your statement to you, you agree that the statement activity and Account balance are correct for all purposes with respect to those transactions. You agree to cooperate with us in the investigation of your claim, including giving us an affidavit containing whatever reasonable information we require concerning your Account, the wire or check transaction, and the circumstances surrounding the loss. You agree that we have a reasonable period of time to investigate the facts and circumstances surrounding any claimed loss, and that we have no obligation to provisionally credit your Account. Yield to Maturity: This is the actual average annual return on a note if held to maturity. IN CASE OF QUESTIONS: If you are a participant with a Schwab Personal Choice Retirement Account® (PCRA) and you have questions about this statement, or specific Schwab Account transactions, contact the dedicated Schwab PCRA Call Center at 888-393-PCRA (7272). If you are a Plan Trustee or Sponsor, please contact your Retirement Plan Service Provider shown on the cover page of this statement. IN CASE OF ERRORS OR DISCREPANCIES IN BROKERAGE TRANSACTIONS: If you find an error or discrepancy relating to your brokerage activity (other than an electronic funds transfer), you must notify us promptly, but no later than 10 days after this statement is sent or made available to you. If this statement shows that we have mailed or delivered security certificate(s) that you have not received, you should notify Schwab immediately. Any oral communications should be reconfirmed in writing to further protect your rights, including rights under the Securities Investor Protection Act (SIPA). If you do not so notify us, you agree that the statement activity and Account balance are correct for all purposes with respect to those brokerage transactions. IN CASE OF COMPLAINTS: If you have a complaint regarding your Schwab statement, products or services, please write to Client Service & Support at Charles Schwab & Co., Inc., P.O. Box 982603 El Paso, TX 79998-2603, or call customer service at 800-435-4000. Address Changes:

If you fail to notify Schwab in writing of any change of address or phone number, you may not receive important notifications about your Account, and trading or other restrictions might be placed on your Account. Additional Information: We are required by law to report to the Internal Revenue Service certain adjusted cost basis information (if applicable) and plan disbursements issued at the client's direction during the calendar year. Schwab or an affiliate acts as the Investment Advisor, Transfer Agent, Shareholder Service Agent and Distributor for the Schwab Money Funds. Schwab or an affiliate is compensated by the Schwab Money Funds for acting in each of these capacities other than as Distributor. The amount of such compensation is disclosed in the prospectus. For accounts managed by CSIA or CSIM you are charged an asset-based fee which is described in the relevant disclosure brochure. Additional information will be provided upon written request. A financial statement for your inspection is available at Schwab's offices or a copy will be mailed to you upon written request. Any third-party trademarks appearing herein are the property of their respective owners. Charles Schwab & Co., Inc., Charles Schwab Bank, Charles Schwab Premier Bank, and Charles Schwab Trust Bank are separate but affiliated companies and subsidiaries of the Charles Schwab Corporation. © 2025 Charles Schwab & Co., Inc. ("Schwab"). All rights reserved. Member SIPC. (O1PCRA) (1017-7MAX)
1 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS PEN
Account Number
6553-6840
Schwab One® Trust Account of
C
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09/30-83150-ID206-REG91216-175
This Statement YTD
Beginning Account Value $32,315,366.74 $29,390,121.76
Deposits 0.00 0.00
Withdrawals 0.00 (1,884,032.79)
Dividends and Interest 97,462.99 709,469.03
Transfer of Securities 0.00 1,887,739.73
Market Appreciation/(Depreciation) 523,525.55 2,845,169.07 Expenses (1,615.88) (13,727.40)
Ending Account Value $32,934,739.40 $32,934,739.40
Account Ending Value reflects the market value of your cash and investments. It does not include pending transactions, unpriced securities or assets held outside Schwab's custody.

Account Summary
Ending Account Value as of 09/30 Beginning Account Value as of 09/01 $32,934,739.40 $32,315,366.74
Your Retirement Plan Provider

CHARLES SCHWAB TRUST BANK
211 MAIN ST FL 14
SAN FRANCISCO CA 94105-1965
1 (877) 319-2782
The custodian of your brokerage account is:

Charles Schwab & Co., Inc. Member SIPC. For
questions about this statement, please contact
your Retirement Plan Provider.

Commitment to Transparency
Client Relationship Summaries and Best Interest
disclosures are at schwab.com/transparency.

Charles Schwab & Co., Inc. Member SIPC.

Online Assistance
Visit us online at schwab.com
Visit schwab.com/stmt to explore the features
and benefits of this statement.

Time to go digital
Sign up for paperless at schwab.com/ez
Oct'24 Nov Dec Jan'25 Feb Mar Apr May Jun Jul Aug Sep
$27.7M
$28.8M
$30.0M
$31.1M
$32.2M
$33.3M
2 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS PEN
Schwab One® Trust Account of
$32.93M
Asset Allocation
This Period
Current
Allocation
Cash and Cash Investments 169,293.07 <1%
Mutual Funds 5,086,819.69 15%
Exchange Traded Funds 25,790,886.91 78%
Alternative Investments 1,887,739.73 6%
Total $32,934,739.40 100%
i
Top Account Holdings This Period
SYMBOL
CUSIP Description
Market
Value
% of
Accounts
PIMIX PIMCO INCOME INSTL 5,086,819.69 15%
IVV ISHARES CORE S&P 500 4,606,042.28 14%
FBND FIDELITY TOTAL BOND ETF 3,738,579.12 11%
EFV ISHARES MSCI EAFE VALUE 2,081,824.33 6%
THOROFARE ASSET BASED LEN... 1,887,739.73 6%
.

Gain or (Loss) Summary
All Positions
Gain (Loss) Net
This Period 83,035.42 0.00 83,035.42
YTD (94,049.77)
Unrealized $3,300,265.99
Values may not reflect all of your gains/losses; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. Please login to your account at Schwab.com for real-time gain/loss information. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions. i
Income Summary
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
0 40
80 120
160
200

97.46 Thousands ($)
This Period YTD
Bank Sweep Interest 5.37 72.04
Cash Dividends 97,457.62 674,420.03
Total Income $97,462.99 $674,492.07
3 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS PEN
Schwab One® Trust Account of
A Message About Your Account
Statement of Financial Condition
The most recent statement of financial condition for Charles Schwab & Co., Inc. (CS&Co) may be obtained at no cost, via the Internet at http://www.schwab.com/legal/financials or by contacting CS&Co at 1-800-435-4000. If you are a client of an independent investment advisor, contact Schwab Alliance at 1-800-515-2157. International clients, please call us at +1-415-667-7870 and Charles Schwab Hong Kong clients, please call +852-2101-0500. At June 30, and July 31, 2025, CS&Co had net capital of $12.0 billion and $10.9 billion, respectively, and a net capital requirement of $2.2 billion and $2.3 billion, respectively. A copy of the report may be requested via: Investor Relations, 3000 Schwab Way, Westlake, TX 76262. Independent investment advisors are not owned by, affiliated with, or supervised by CS&Co.

Positions - Summary
Beginning Value
as of 09/01 +
Transfer of
Securities(In/Out) +
Dividends
Reinvested + Cash Activity +
Change in
Market Value =
Ending Value
as of 09/30 Cost Basis
Unrealized
Gain/(Loss)
$32,315,366.74 $0.00 ($97,457.62) $95,847.11 $620,983.17 $32,934,739.40 $27,577,440.61 i
$3,300,265.99
i
Values may not reflect all of your gains/losses. Cost basis may change and be adjusted in certain cases. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional gain or (loss) information refer to Terms and Conditions.

Cash and Cash Investments
Type Symbol Description Quantity Price($)
Beginning
Balance($)
Ending
Balance($)
Change in Period
Balance($)
Pending/Unsettled
Cash($)
Interest/
Yield Rate
% of
Acct
Bank Sweep CHARLES SCHWAB
BANK,
A,B
94,322.45 169,293.07 74,970.62 0.05% <1%
Total Cash and Cash Investments $94,322.45 $169,293.07 $74,970.62 <1% Positions - Mutual Funds
Symbol Description Quantity Price($) Market Value($) Cost Basis($) Unrealized Gain/(Loss)($) % of
Acct

PIMIX PIMCO INCOME INSTL
◊ ,
467,538.5740 10.88000 5,086,819.69 4,992,405.59 94,414.10 15% Total Mutual Funds $5,086,819.69 $4,992,405.59 $94,414.10 15% 4 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS PEN
Schwab One® Trust Account of
Positions - Exchange Traded Funds
Symbol Description Quantity Price($) Market Value($) Cost Basis($) Unrealized
Gain/(Loss)($) Est. Yield
Est. Annual
Income($)
% of
Acct

FBND FIDELITY TOTAL BOND ETF
◊ ,
80,851.6245 46.24000 3,738,579.12 3,743,718.78 (5,139.66) 4.77% 178,520.39 11%

IEMG ISHARES CORE MSCI
◊ ,
19,974.0497 65.92000 1,316,689.36 990,498.21 326,191.15 2.15% 28,349.81 4% IVV ISHARES CORE S&P 500
◊ ,
6,881.8800 669.30000 4,606,042.28 3,678,941.25 927,101.03 1.19% 54,910.47 14%

EFV ISHARES MSCI EAFE VALUE
◊ ,
30,691.7931 67.83000 2,081,824.33 1,650,795.73 431,028.60 4.01% 83,646.61 6%

QUAL ISHARES MSCI USA QLTY
◊ ,
8,901.4358 194.50000 1,731,329.26 1,501,723.40 229,605.86 0.96% 16,683.64 5%

IUSB ISHARES TOTAL USD BOND
◊ ,
31,925.0849 46.71000 1,491,220.72 1,463,511.50 27,709.22 N/A N/A 5%

IFRA ISHARES US
◊ ,
18,738.0171 52.82000 989,742.06 886,811.62 102,930.44 1.63% 16,188.60 3%

DYNF ISHS US EQTY FACTR
◊ ,
18,453.6425 59.20000 1,092,455.64 850,556.31 241,899.33 0.8% 8,749.54 3%

JAAA JANUS HENDERSON AAA CLO
◊ ,
17,280.5950 50.78000 877,508.61 879,232.97 (1,724.36) 5.25% 46,156.81 3%

BBJP JPMORGAN BETABUILDERS
◊ ,
14,833.0000 66.32000 983,724.56 795,197.13 188,527.43 N/A N/A 3%

JPIE JPMORGAN INCOME ETF
◊ ,
34,987.6504 46.41000 1,623,776.86 1,593,209.20 30,567.66 5.84% 94,865.52 5%

PYLD PIMCO MULTISECTOR BOND
◊ ,
27,967.0645 26.84000 750,636.01 725,278.19 25,357.82 6.25% 46,984.67 2% SPYG SPDR S&P 500 GROWTH ETF
◊ ,
7,086.7137 104.51000 740,632.45 542,282.54 198,349.91 0.53% 3,938.68 2% SPYV SPDR S&P 500 VALUE ETF
◊ ,
25,121.3658 55.33000 1,389,965.17 1,220,633.62 169,331.55 1.84% 25,714.03 4%

VGT VANGUARD INFORMATION
◊ ,
959.2305 746.63000 716,190.27 538,258.24 177,932.03 0.45% 3,294.38 2%

VIGI VANGUARD INTL DIVIDEND
◊ ,
18,539.3570 89.57000 1,660,570.21 1,524,386.33 136,183.88 1.61% 26,896.90 5% Total Exchange Traded Funds $25,790,886.91 $22,585,035.02 $3,205,851.89 $634,900.05 78% 5 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS PEN
Schwab One® Trust Account of
Positions - Alternative Investments
Symbol Description Quantity Price($) Market Value($) Cost Basis($) Unrealized
Gain/(Loss)($) Est. Yield
Est. Annual
Income($)
% of
Acct

THOROFARE ASSET BASED LE
7,

NDING FUND V LP
1,887,739.7300 1.00000 1,887,739.73 N/A i N/A i N/A N/A 6% Total Alternative Investments $1,887,739.73 $0.00 $0.00 $0.00 6% Estimated Annual Income ("EAI") and Estimated Yield ("EY") calculations are for informational purposes only. The actual income and yield might be lower or higher than the estimated amounts. EY is based upon EAI and the current price of the security and will fluctuate. For certain types of securities, the calculations could include a return of principal or capital gains in which case EAI and EY would be overstated. EY and EAI are not promptly updated to reflect when an issuer has missed a regular payment or announced changes to future payments, in which case EAI and EY will continue to display at a prior rate.

Transactions - Summary
Beginning Cash* as of 09/01 + Deposits + Withdrawals + Purchases + Sales/Redemptions + Dividends/Interest + Expenses = Ending Cash* as of 09/30 $94,322.45 $0.00 $0.00 ($997,504.39) $976,627.90 $97,462.99 ($1,615.88) $169,293.07 Other Activity $0.00 Other activity includes transactions which don't affect the cash balance such as stock transfers, splits, etc. *Cash (includes any cash debit balance) held in your account plus the value of any cash invested in a sweep money fund.

Transaction Details
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/02 Purchase Reinvested Shares FBND FIDELITY TOTAL BOND ETF 261.7313 45.7800 (11,982.06) Dividend Div For Reinvest FBND FIDELITY TOTAL BOND ETF 11,982.06 09/04 Sale IEMG ISHARES CORE MSCI EMERGING ETF (1,826.0000) 62.2100 0.30 113,595.16 24,285.50, Industry Fee $0.30
Sale QUAL ISHARES MSCI USA QLTY FACT ETF (574.0000) 187.9602 0.10 107,889.05 11,686.65 Industry Fee $0.10
Sale IFRA ISHARES US INFRASTRUCTURE ETF (1,415.0000) 51.1100 0.23 72,320.42 5,532.42 Industry Fee $0.23
Sale BBJP JPMORGAN BETABUILDERS JAPAN
ETF
(922.0000) 64.2900 0.15 59,275.23 9,846.81
Industry Fee $0.15
6 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS PEN
Schwab One® Trust Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/04 Sale PIMIX PIMCO INCOME INSTL (34,551.7300) 10.8400 18.00 374,522.75 5,612.71 Commission $18.00
Sale SPYV SPDR S&P 500 VALUE ETF (1,843.0000) 54.0800 0.31 99,669.13 11,740.69 Industry Fee $0.31
Sale VGT VANGUARD INFORMATION

TECHNOLOGY ETF
(86.0000) 690.2301 0.01 59,359.78 13,610.59
Industry Fee $0.01
Purchase FBND FIDELITY TOTAL BOND ETF 17,407.0000 45.9700 (800,199.79) Purchase Reinvested Shares JPIE JPMORGAN INCOME ETF 169.6233 46.3800 (7,867.13) Purchase Reinvested Shares PYLD PIMCO MULTISECTOR BOND ACTV ETF
146.4791 26.5900 (3,894.88)
Dividend Div For Reinvest JPIE JPMORGAN INCOME ETF 7,867.13 Dividend Div For Reinvest PYLD PIMCO MULTISECTOR BOND 3,894.88 09/05 Purchase Reinvested Shares IUSB ISHARES TOTAL USD BOND MARKET ETF
111.5874 46.6500 (5,205.55)
Dividend Div For Reinvest IUSB ISHARES TOTAL USD BOND 5,205.55 09/08 Purchase Reinvested Shares JAAA JANUS HENDERSON AAA CLO ETF 75.6234 50.6400 (3,829.57) Dividend Div For Reinvest JAAA JANUS HENDERSON AAA CLO 3,829.57 09/09 Sale FBND FIDELITY TOTAL BOND ETF (1,937.0000) 46.4619 0.32 89,996.38 720.05, Industry Fee $0.32
Purchase IEMG ISHARES CORE MSCI EMERGING ETF 790.0000 63.2300 (49,951.70) Purchase VIGI VANGUARD INTL DIVIDEND APRECTN
ETF
552.0000 90.3900 (49,895.28)
09/16 Interest Bank Interest
A,B BANK INT 081625-091525 5.37
09/19 Purchase Reinvested Shares IVV ISHARES CORE S&P 500 ETF 20.5600 665.6900 (13,686.60) Purchase Reinvested Shares QUAL ISHARES MSCI USA QLTY FACT ETF 21.6650 192.0500 (4,160.76) Purchase Reinvested Shares IFRA ISHARES US INFRASTRUCTURE ETF 77.4931 52.0099 (4,030.41) Purchase Reinvested Shares DYNF ISHS US EQTY FACTR ROTATN ACT ETF

37.0753 58.8799 (2,182.99)
7 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS PEN
Schwab One® Trust Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
09/19 Dividend Div For Reinvest IVV ISHARES CORE S&P 500 13,686.60 Dividend Div For Reinvest QUAL ISHARES MSCI USA QLTY 4,160.76 Dividend Div For Reinvest IFRA ISHARES US 4,030.41
Dividend Div For Reinvest DYNF ISHS US EQTY FACTR 2,182.99 Expense Advisor Fee
* TO ADVISOR (1,615.88)
09/23 Purchase Reinvested Shares VIGI VANGUARD INTL DIVIDEND APRECTN ETF

74.3972 90.0200 (6,697.24)
Dividend Div For Reinvest VIGI VANGUARD INTL DIVIDEND 6,697.24 09/24 Purchase Reinvested Shares SPYG SPDR S&P 500 GROWTH ETF 9.4753 103.7800 (983.35) Purchase Reinvested Shares SPYV SPDR S&P 500 VALUE ETF 116.4039 54.9700 (6,398.72) Dividend Div For Reinvest SPYG SPDR S&P 500 GROWTH ETF 983.35 Dividend Div For Reinvest SPYV SPDR S&P 500 VALUE ETF 6,398.72 09/26 Purchase Reinvested Shares VGT VANGUARD INFORMATION

TECHNOLOGY ETF

1.1201 734.4000 (822.63)
Dividend Div For Reinvest VGT VANGUARD INFORMATION 822.63 09/30 Purchase Reinvested Shares PIMIX PIMCO INCOME INSTL 2,363.5780 10.8800 (25,715.73) Dividend Div For Reinvest PIMIX PIMCO INCOME INSTL 25,715.73 Total Transactions $74,970.62 $83,035.42
Date column represents the Settlement/Process date for each transaction.

Bank Sweep for Benefit Plans Activity
Date Description Amount Date Description Amount
09/01 Beginning Balance
A,B $94,322.45 09/22 BANK TRANSFER TO BROKERAGE (1,615.88) 09/04 BANK CREDIT FROM BROKERAGE
A 86,431.73 09/30 Ending Balance
A,B $169,293.07
09/09 BANK TRANSFER TO BROKERAGE (9,850.60) 09/30 Interest Rate * B 0.05%
09/15 BANK INTEREST - CHARLES SCHWAB BANK
A,B 5.37
8 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS PEN
Schwab One® Trust Account of
Bank Sweep for Benefit Plans Activity (continued)
Date Description Amount Date Description Amount
* Your interest period was 08/16/25 - 09/15/25.

B
Pending / Open Activity
Activity
Type Date Action
Symbol/
CUSIP Description Quantity
Market Price/
Rate per Share($) Limit Price($)
Settle/
Payable Date
Expiration
Date Amount($)
Pending 09/29 Cash
Dividend
FBND FIDELITY TOTAL BOND ETF 80,851.6245 0.1680 10/01 13,583.07 Total Pending Transactions $13,583.07
Pending transactions are not included in account value.

A Bank Sweep for Benefit Plans deposits are held at one or more FDIC-insured Program Banks.

Terms and Conditions
This Account statement is furnished solely by Charles Schwab & Co., Inc. ("Schwab") for your Schwab Personal Choice Retirement Account® ("Account") at Schwab. Schwab is a registered broker-dealer and, provides brokerage and custody services for your Account. Schwab is a wholly owned subsidiary of The Charles Schwab Corporation. Other wholly owned subsidiaries of The Charles Schwab Corporation include the following Schwab "Affiliates": Charles Schwab Investment Management, Inc. ("CSIM"); Charles Schwab Investment Advisory, Inc. ("CSIA"); Schwab Wealth Advisory, Inc. ("SWAI"); Schwab Retirement Plan Services, Inc.; and Charles Schwab Bank. CSIA, CSIM, and SWAI provide investment advisory services.

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS PEN
Schwab One® Trust Account of
Terms and Conditions (continued)
no representation that the amounts shown (or any other amount) will be received. Accrued amounts are not covered by SIPC account protection until actually received and held in the Account. AIP (Automatic Investment Plan) Customers: Schwab receives remuneration in connection with certain transactions effected through Schwab. If you participate in a systematic investment program through Schwab, the additional information normally detailed on a trade confirmation will be provided upon request. Average Daily Balance: Average daily composite of all cash balances that earn interest and all loans from Schwab that are charged interest. Interest cycles may differ from statement cycles. Bank Sweep and Bank Sweep for Benefit Plans Features: Schwab acts as your agent and custodian in establishing and maintaining your Deposit Account(s) as a feature for your PCRA account. Deposit accounts held through these bank sweep features constitute direct obligations of one or more FDIC insured banks ("Program Banks") that are not obligations of Schwab. Funds swept to Program Banks are eligible for deposit insurance from the FDIC up to the applicable limits for each bank for funds held in the same insurable capacity. The balance in the Deposit Accounts can be withdrawn on your order and the proceeds returned to your brokerage account or remitted to you as provided in your Account Agreement. For information on FDIC insurance and its limits, as well as other important disclosures about the bank sweep feature(s), please refer to the Cash Features Disclosure Statement available online or from a Schwab representative. Cash: Any Free Credit Balance owed by us to you payable upon demand which, although accounted for on our books of record, is not segregated and may be used in the conduct of this firm's business. Credit Interest: If, on any given day, the interest that Schwab calculates for your Account is less than $.005, you will not earn any interest on that day. Dividend Reinvestment Customers: Dividend reinvestment transactions were effected by Schwab acting as a principal for its own Account, except for the reinvestment of Schwab dividends, for which an independent broker-dealer acted as the buying agent. The time of these transactions, the exchange upon which these transactions occurred, and the name of the person from whom the security was purchased will be furnished upon written request. Estimated Annual Income: Estimated annual income is derived from information provided by outside parties. Schwab cannot guarantee the accuracy of such information. Since the interest and dividends are subject to change at any time, they should not be relied upon exclusively for making investment decisions. Fees and Charges: Includes Margin Interest, Retirement Plan Service Provider fees, and Management Fees that may be charged during the statement period. Contact your Retirement Plan Service Provider and/or your Investment Advisor if you have questions about his or her fees. Gain (or Loss): Unrealized Gain or (Loss) and Realized Gain or (Loss) sections ("Gain/Loss Section(s)") contain a gain or a loss summary of your Account. This information has been provided on this statement at the request of your Advisor. This information is not a solicitation or a recommendation to buy or sell. It may, however, be helpful for investment and tax planning strategies. Schwab does not provide tax advice and encourages you to consult with your tax professional. Please view the Cost Basis Disclosure Statement for additional information on how gain (or loss) is calculated and how Schwab reports adjusted cost basis information to the IRS. Interest: For the Bank Sweep and Bank Sweep for Benefit Plans features, interest is paid for a period that differs from the Statement Period.

Information on Assets Not Held at Schwab, including but not limited to valuations, is reported solely based on information you provide to Schwab. Schwab can neither validate nor certify the existence of Assets Not Held at Schwab or the accuracy, completeness or timeliness of the information about Assets Not Held at Schwab, whether provided by you or otherwise. Descriptions of Assets Not Held at Schwab may be abbreviated or truncated. Some securities, especially thinly traded equities in the OTC market or foreign markets, may not report the most current price and are indicated as Stale Priced. Certain Limited Partnerships (direct participation programs) and unlisted Real Estate Investment Trust (REIT) securities, for which you may see a value on your monthly Account statement that reflects the issuer's appraised estimated value, are not listed on a national securities exchange, and are generally illiquid. Even if you are able to sell such securities, the price received may be less than the per share appraised estimated value provided in the account statement. Market Value: The Market Value is computed by multiplying the Market Price by the Quantity of Shares. This is the dollar value of your present holdings in your specified Schwab Account or a summary of the Market Value summed over multiple Accounts. Non-Publicly Traded Securities: All assets shown on this statement, other than certain direct investments which may be held by a third party, are held in your Account. Values of certain Non-Publicly Traded Securities may be furnished by a third party as provided by Schwab's Account Agreement. Schwab shall have no responsibility for the accuracy or timeliness of such valuations. The Securities Investor Protection Corporation (SIPC) does not cover many limited partnership interests. Option Customers: Be aware of the following: (1) Commissions and other charges related to the execution of option transactions are included in confirmations of such transactions furnished to you at the time such transactions occur and are made available promptly upon request; (2) You should advise us promptly of any material changes in your investment objectives or financial situation; (3) Exercise assignment notices for option contracts are allocated among customer short positions pursuant to an automated procedure which randomly selects from among all customer short option positions those contracts which are subject to exercise, including positions established on the day of assignment; (4) Realized gain/loss of underlying securities is adjusted to reflect the premiums of assigned or exercised options. Please consult your tax advisor or IRS publication 550, Investment Income and Expenses, for additional information on Options. Restricted Securities: See your Account Agreement for information regarding your responsibilities concerning the sale or control of restricted securities. Schwab Sweep Money Funds: Includes the primary money market funds into which Free Credit Balances may be automatically invested pursuant to your Account Agreement. Schwab or an affiliate acts and receives compensation as the Investment Advisor, Shareholder Service Agent and Distributor for the Schwab Sweep Money Funds. The amount of such compensation is disclosed in the prospectus. The yield information for Schwab Sweep Money Funds is the current 7-day yield as of the statement period. Yields vary. If, on any given day, the accrued daily dividend for your selected sweep money fund as calculated for your account is less than 1/2 of 1 cent ($0.005), your account will not earn a dividend for that day. In addition, if you do not accrue at least 1 daily dividend of $0.01 during a pay period, you will not receive a money market dividend for that period. Schwab and the Schwab Sweep Money Funds investment advisor may be voluntarily reducing a portion of a Schwab Sweep Money Fund's expenses. Without these reductions, yields would have been lower. Securities Products and Services: Securities products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Securities products and services, including unswept intraday funds and net credit balances held in brokerage accounts are not deposits or other obligations of, or guaranteed by, any bank, are not FDIC insured, and are subject to investment risk and may lose value. SIPC does not cover balances held at Program Banks in the Bank Sweep and Bank Sweep for Benefit Plans features. Short Positions: Securities sold short will be identified with an "S" in Investment Detail. The market value of these securities will be expressed as a debit and will be netted 10 of 10
Statement Period
September 1-30, 2025

CHARLES SCHWAB TRUST BANK CUST

CITY OF SANTA FE SPRINGS PEN
Schwab One® Trust Account of
Terms and Conditions (continued)
against any long positions in Total Account Value. Wire Transfers and Check Transactions: If, upon prompt examination, you find that your records and ours disagree, or if you suspect that a wire transfer is unauthorized, a check or endorsement is altered or forged, or checks are missing or stolen, call us immediately at the Schwab Customer Service number listed on the front of this statement. If you do not so notify us in writing promptly, but in no event later than 10 days after we send or make available your statement to you, you agree that the statement activity and Account balance are correct for all purposes with respect to those transactions. You agree to cooperate with us in the investigation of your claim, including giving us an affidavit containing whatever reasonable information we require concerning your Account, the wire or check transaction, and the circumstances surrounding the loss. You agree that we have a reasonable period of time to investigate the facts and circumstances surrounding any claimed loss, and that we have no obligation to provisionally credit your Account. Yield to Maturity: This is the actual average annual return on a note if held to maturity. IN CASE OF QUESTIONS: If you are a participant with a Schwab Personal Choice Retirement Account® (PCRA) and you have questions about this statement, or specific Schwab Account transactions, contact the dedicated Schwab PCRA Call Center at 888-393-PCRA (7272). If you are a Plan Trustee or Sponsor, please contact your Retirement Plan Service Provider shown on the cover page of this statement. IN CASE OF ERRORS OR DISCREPANCIES IN BROKERAGE TRANSACTIONS: If you find an error or discrepancy relating to your brokerage activity (other than an electronic funds transfer), you must notify us promptly, but no later than 10 days after this statement is sent or made available to you. If this statement shows that we have mailed or delivered security certificate(s) that you have not received, you should notify Schwab immediately. Any oral communications should be reconfirmed in writing to further protect your rights, including rights under the Securities Investor Protection Act (SIPA). If you do not so notify us, you agree that the statement activity and Account balance are correct for all purposes with respect to those brokerage transactions. IN CASE OF COMPLAINTS: If you have a complaint regarding your Schwab statement, products or services, please write to Client Service & Support at Charles Schwab & Co., Inc., P.O. Box 982603 El Paso, TX 79998-2603, or call customer service at 800-435-4000. Address Changes:

3.00 End Values as of
08/31/2025
End Values as of
09/30/2025
Bond Sector Breakout
Cols
Sector Avg YTM Avg Eff Dur
Agency 4.28 2.17
CMO/ABS 4.00 1.33
Corporate 4.27 2.21
Muni 3.95 2.89
Treasury 3.67 2.46
Average Coupon 4.15%
Market Value $88,331,628.78 $89,201,211.00
Income Earned $324,098.83 $399,656.42
Average Market YTM 4.02%
Cont/WD $0.00 $0.00
$90,313,000
Cost Value $84,293,448.68 $86,767,215.60
Weighted Average Life 2.61
Book Value $84,255,257.18 $86,728,673.20
Average Effective Duration 2.21
Par $87,638,000

0.15%

1.37%

1.44%

10.48%

25.02%

25.68%

35.85%
CD
Cash
Muni

CMO/ABS
Corporate
Agency
Treasury
Total Investment Allocation

3.30%

7.30%

24.59%

22.23%

29.59%

13.01%
0-.5 .5-1 1-2 2-3 3-4 4+
Bond Maturity Distribution
12%
70%
18%
Bond Credit Quality (NRSRO)

AAA AA A
2 City of Santa Fe Springs 1
53601 Cash Portfolio
As of Date: 9/30/2025
Account # x5745
Symbol/CUSIP Security Name Par Value Coupon Rate
Moody's/
S&P Rating 2,3 Purchase Date Maturity/
Called Date
Weighted
Average Life
Days to
Maturity
Yield to
Maturity 2
Adjusted
Cost Basis Market Value
CASH
CASH Cash $ 1,272,659.88 $ 1,272,659.88
$ 1,272,659.88 $ 1,272,659.88
US Treasury
912828V98 US TREASURY 2.25% 02/15/2027 $ 4,585,000.00 2.250% Aa1 1/26/2023 2/15/2027 1.38 503 3.69% 4,331,274.42 $ $ 4,497,419.16 91282CEF4 US TREASURY 2.5% 03/31/2027 $ 600,000.00 2.500% Aa1 4/14/2022 3/31/2027 1.50 547 3.67% $ 592,851.56 $ 589,875.00 91282CEN7 US TREASURY 2.75% 04/30/2027 $ 325,000.00 2.750% Aa1 5/4/2022 4/30/2027 1.58 577 3.65% $ 320,886.72 $ 320,493.16 91282CET4 US TREASURY 2.625% 05/31/2027 $ 725,000.00 2.625% Aa1 6/1/2022 5/31/2027 1.67 608 3.66% $ 712,127.93 $ 712,963.84 91282CEW7 US TREASURY 3.25% 06/30/2027 $ 750,000.00 3.250% Aa1 6/1/2023 6/30/2027 1.75 638 3.63% $ 733,623.05 $ 745,107.38 91282CKZ3 US TREASURY 4.375% 07/15/2027 $ 700,000.00 4.375% Aa1 8/1/2024 7/15/2027 1.79 653 3.64% $ 705,573.96 $ 708,804.67 91282CLG4 US TREASURY 3.75% 08/15/2027 $ 1,500,000.00 3.750% Aa1 9/5/2024 8/15/2027 1.88 684 3.63% 1,504,209.50 $ $ 1,503,046.80 91282CFZ9 US TREASURY 3.875% 11/30/2027 $ 625,000.00 3.875% Aa1 12/28/2022 11/30/2027 2.17 791 3.62% $ 622,265.63 $ 628,295.88 91282CGC9 US TREASURY 3.875% 12/31/2027 $ 3,000,000.00 3.875% Aa1 1/26/2023 12/31/2027 2.25 822 3.62% 3,018,838.76 $ $ 3,016,406.10 91282CGH8 US TREASURY 3.5% 01/31/2028 $ 2,000,000.00 3.500% Aa1 1/31/2023 1/31/2028 2.33 853 3.62% 1,987,109.38 $ $ 1,994,609.20 91282CGP0 US TREASURY 4% 02/29/2028 $ 1,700,000.00 4.000% Aa1 12/8/2023 2/29/2028 2.42 882 3.61% 1,684,128.91 $ $ 1,714,941.30 91282CMS7 US TREASURY 3.875% 03/15/2028 $ 1,000,000.00 3.875% Aa1 3/28/2025 3/15/2028 2.46 897 4.10% $ 999,074.68 $ 1,006,289.00 91282CHE4 US TREASURY 3.625% 05/31/2028 $ 1,000,000.00 3.625% Aa1 6/29/2023 5/31/2028 2.67 974 3.62% $ 977,656.25 $ 1,000,078.10 91282CJA0 US TREASURY 4.625% 09/30/2028 $ 425,000.00 4.625% Aa1 10/2/2023 9/30/2028 3.00 1096 3.63% $ 423,572.27 $ 436,919.89 91282CJN2 US TREASURY 4.375% 11/30/2028 $ 250,000.00 4.375% Aa1 10/28/2024 11/30/2028 3.17 1157 3.64% $ 251,995.21 $ 255,410.15 91282CJR3 US TREASURY 3.75% 12/31/2028 $ 1,600,000.00 3.750% Aa1 1/4/2024 12/31/2028 3.25 1188 3.64% 1,584,062.50 $ $ 1,605,124.96 91282CKD2 US TREASURY 4.25% 02/28/2029 $ 650,000.00 4.250% Aa1 3/19/2024 2/28/2029 3.42 1247 3.65% $ 648,121.09 $ 662,339.80 91282CKG5 US TREASURY 4.125% 03/31/2029 $ 2,075,000.00 4.125% Aa1 4/15/2024 3/31/2029 3.50 1278 3.66% 2,031,218.75 $ $ 2,106,611.17 91282CKT7 US TREASURY 4.5% 05/31/2029 $ 1,200,000.00 4.500% Aa1 6/6/2024 5/31/2029 3.67 1339 3.67% 1,205,671.20 $ $ 1,233,656.16 91282CEV9 US TREASURY 3.25% 06/30/2029 $ 800,000.00 3.250% Aa1 9/26/2024 6/30/2029 3.75 1369 3.68% $ 790,718.75 $ 788,000.00 91282CKX8 US TREASURY 4.25% 06/30/2029 $ 1,150,000.00 4.250% Aa1 7/1/2024 6/30/2029 3.75 1369 3.68% 1,141,195.31 $ $ 1,172,910.07 91282CLN9 US TREASURY 3.5% 09/30/2029 $ 600,000.00 3.500% Aa1 10/2/2024 9/30/2029 4.00 1461 3.69% $ 598,664.06 $ 595,828.08 91282CLR0 US TREASURY 4.125% 10/31/2029 $ 500,000.00 4.125% Aa1 11/1/2024 10/31/2029 4.08 1492 3.70% $ 498,847.66 $ 507,968.75 91282CMA6 US TREASURY 4.125% 11/30/2029 $ 1,800,000.00 4.125% Aa1 12/6/2024 11/30/2029 4.17 1522 3.70% 1,788,547.43 $ $ 1,828,968.66 91282CMD0 US TREASURY 4.375% 12/31/2029 $ 850,000.00 4.375% Aa1 1/8/2025 12/31/2029 4.25 1553 3.71% $ 846,248.05 $ 872,046.88 91282CGQ8 US TREASURY 4% 02/28/2030 $ 1,000,000.00 4.000% Aa1 3/28/2025 2/28/2030 4.42 1612 3.71% 1,000,540.86 $ $ 1,011,640.60 $ 31,410,000.00 $ 30,999,023.89 $ 31,515,754.76
Agency Securities4
3137BMTX4 FHLMC 3.151% K052 11/25/2025 CMO $ 250,000.00 3.151% Aa1 7/21/2022 11/25/2025 0.07 56 4.85% $ 116,632.91 $ 117,642.47 3137BN6G4 FHLMC 2.995% K053 12/25/2025 CMO $ 250,000.00 2.995% Aa1 8/4/2022 12/25/2025 0.08 86 6.12% $ 162,517.08 $ 163,746.27 3137BNGT5 FHLMC 2.745% K054 01/25/2026 CMO $ 525,000.00 2.745% Aa1 3/1/2023 1/25/2026 0.17 117 5.06% $ 425,665.31 $ 445,305.96 3136ARTE8 FEDERAL NTNL MORTGAG 2.702% 16M03B 02/25/2026 CMO $ 300,000.00 2.702% Aa1 10/6/2022 2/25/2026 0.35 148 4.18% $ 120,552.00 $ 126,872.04 3137BRQJ7 FHLMC 2.57% K057 07/25/2026 CMO $ 300,000.00 2.570% Aa1 5/18/2023 7/25/2026 0.56 298 4.25% $ 262,145.99 $ 272,644.48 3137FNWX4 FHLMC 2.282% K736 07/25/2026 CMO $ 400,000.00 2.282% Aa1 10/5/2023 7/25/2026 0.60 298 4.31% $ 329,647.57 $ 350,744.93 3137BSP72 FHLMC 2.653% K058 08/25/2026 CMO $ 450,000.00 2.653% Aa1 4/12/2023 8/25/2026 0.73 329 4.07% $ 429,521.48 $ 444,626.15 3137BTUM1 FREDDIE MAC $ 240,000.00 3.347% Aa1 5/19/2023 11/25/2026 0.91 421 4.25% $ 222,825.69 $ 228,314.66 3137BVZ82 FREDDIE MAC $ 700,000.00 3.430% Aa1 5/18/2023 1/25/2027 1.07 482 3.85% $ 679,765.63 $ 695,328.06 3137F1G44 FHLMC 3.243% K065 04/25/2027 CMO $ 600,000.00 3.243% Aa1 6/12/2023 4/25/2027 1.36 572 3.91% $ 573,585.94 $ 593,818.44 3134HBQZ7 FHLMC 4.5% 05/19/2027 CALLABLE $ 1,500,000.00 4.500% Aa1 5/12/2025 5/19/2027 1.64 596 4.48% 1,500,010.00 $ $ 1,500,786.00 3136AX7E9 FEDERAL NTNL MORTGAG VAR 17M12 06/25/2027 CMO $ 400,000.00 3.163% Aa1 8/24/2023 6/25/2027 1.64 633 4.02% $ 218,450.83 $ 230,031.70 3136AY6X6 FEDERAL NTNL MORTGAG VAR 17M15C 09/25/2027 CMO $ 400,000.00 3.064% Aa1 8/24/2023 9/25/2027 1.68 725 3.82% $ 297,545.53 $ 314,433.04 3 City of Santa Fe Springs 1
53601 Cash Portfolio
As of Date: 9/30/2025
Account # x5745
Symbol/CUSIP Security Name Par Value Coupon Rate
Moody's/
S&P Rating 2,3 Purchase Date Maturity/
Called Date
Weighted
Average Life
Days to
Maturity
Yield to
Maturity 2
Adjusted
Cost Basis Market Value
3137F64P9 FHLMC 1.336% K739 09/25/2027 CMO $ 450,000.00 1.336% Aa1 10/30/2024 9/25/2027 1.74 725 3.88% $ 408,656.88 $ 423,655.48 3137H14B9 FHLMC 1.77% K743 05/25/2028 ABS $ 500,000.00 1.770% Aa1 8/10/2023 5/25/2028 2.59 968 3.91% $ 437,617.19 $ 473,515.00 3137HACX2 FHLMC 4.819% K505 06/25/2028 CMO $ 700,000.00 4.819% Aa1 7/13/2023 6/25/2028 2.62 999 3.97% $ 706,991.60 $ 713,437.97 3136BQDE6 FEDERAL NTNL MORTGAG 4.19% 23M6 07/25/2028 CMO $ 550,000.00 4.190% Aa1 8/22/2023 7/25/2028 2.75 1029 4.04% $ 505,312.69 $ 525,853.36 3137HAMH6 FHLMC 4.65% K506 08/25/2028 CMO $ 650,000.00 4.650% Aa1 9/7/2023 8/25/2028 2.79 1060 4.17% $ 640,384.55 $ 660,478.20 3137HAMN3 FHLMC 5.272% KJ47 08/25/2028 CMO $ 285,000.00 5.272% Aa1 9/19/2023 8/25/2028 2.05 1060 3.97% $ 196,194.50 $ 199,592.19 3137HAQ74 FHLMC 4.74% K508 08/25/2028 CMO $ 650,000.00 4.740% Aa1 10/11/2023 8/25/2028 2.82 1060 3.93% $ 635,741.60 $ 661,961.24 3137HAST4 FHLMC 4.85% K509 09/25/2028 CMO $ 600,000.00 4.850% Aa1 10/25/2023 9/25/2028 2.90 1091 3.92% $ 588,101.87 $ 612,877.38 3137HB3D4 FHLMC 5.069% K510 10/25/2028 CMO $ 235,000.00 5.069% Aa1 11/14/2023 10/25/2028 2.95 1121 4.01% $ 234,320.62 $ 241,515.85 3137HB3G7 FHLMC 4.86% K511 10/25/2028 CMO $ 360,000.00 4.860% Aa1 11/28/2023 10/25/2028 2.99 1121 3.97% $ 358,965.72 $ 368,038.73 3137HBCF9 FHLMC 5% K512 11/25/2028 CMO $ 265,000.00 5.000% Aa1 12/11/2023 11/25/2028 3.02 1152 4.01% $ 267,474.57 $ 271,995.13 3137HBLV4 FHLMC 4.572% K514 12/25/2028 CMO $ 330,000.00 4.572% Aa1 2/1/2024 12/25/2028 3.09 1182 4.00% $ 333,299.67 $ 334,972.74 3137HC2L5 FEDERAL HOME LN MTG 5.4% K518 01/25/2029 CMO $ 525,000.00 5.400% Aa1 9/26/2024 1/25/2029 3.27 1213 4.02% $ 552,644.53 $ 545,833.21 3137HCKV3 FHLMC 5.18% K520 03/25/2029 CMO $ 295,000.00 5.180% Aa1 4/23/2024 3/25/2029 3.41 1272 4.02% $ 296,197.41 $ 305,204.94 3137HDJJ0 FHLMC 4.803% K522 05/25/2029 CMO $ 675,000.00 4.803% Aa1 6/5/2024 5/25/2029 3.45 1333 4.01% $ 657,687.18 $ 673,270.99 3137HDV56 FHLMC 4.72% K524 05/25/2029 CMO $ 520,000.00 4.720% Aa1 7/16/2024 5/25/2029 3.60 1333 4.00% $ 523,193.32 $ 531,470.78 3137HDXL9 FHLMC 4.543% K526 07/25/2029 CMO $ 495,000.00 4.543% Aa1 8/7/2024 7/25/2029 3.77 1394 4.02% $ 499,630.23 $ 503,464.35 3137HFNZ4 FHLMC 4.508% K528 07/25/2029 CMO $ 195,000.00 4.508% Aa1 9/4/2024 7/25/2029 3.78 1394 4.00% $ 198,896.10 $ 198,038.67 3137HH6C0 FHLMC 4.791% K529 09/25/2029 CMO $ 310,000.00 4.791% Aa1 10/8/2024 9/25/2029 3.92 1456 4.03% $ 316,195.97 $ 317,935.41 3137HHJL6 FHLMC 4.792% K530 09/25/2029 CMO $ 495,000.00 4.792% Aa1 11/19/2024 9/25/2029 3.94 1456 4.03% $ 497,577.47 $ 507,732.79 3134HBQK0 FHLMC 4.875% 05/14/2030 CALLABLE $ 750,000.00 4.875% Aa1 5/29/2025 5/14/2030 4.62 1687 4.88% $ 749,560.00 $ 750,455.25 3142JCAB6 FHLMC 4.5% RR0001 06/01/2040 $ 2,500,000.00 4.500% Aa1 9/9/2025 6/1/2040 3.68 5358 4.57% 2,411,409.88 $ $ 2,401,654.30 3142JCAC4 FHLMC 5% RR0002 06/01/2040 $ 2,500,000.00 5.000% Aa1 8/18/2025 6/1/2040 3.08 5358 4.49% 2,403,831.55 $ $ 2,371,316.05 3142JCAT7 FHLMC 5% RR0017 08/01/2040 $ 2,500,000.00 5.000% Aa1 9/9/2025 8/1/2040 3.10 5419 4.57% 2,439,000.72 $ $ 2,430,474.55 $ 9,750,000.00 $ 9,503,812.15 $ 9,454,686.15
Municipal Bonds
13063D3N6 CALIFORNIA ST GO 4.846% 03/01/2027 TAXABLE $ 265,000.00 4.846% Aa2 3/9/2023 3/1/2027 1.42 517 3.83% $ 265,000.00 $ 268,641.10 91412GXU4 UNIVERSITY CALIF REV REV 3.909% 05/15/2029 TAXABLE $ 1,000,000.00 3.909% Aa3 4/1/2025 5/15/2029 3.62 1323 3.98% $ 984,610.00 $ 996,930.00 $ 1,265,000.00 $ 1,249,610.00 $ 1,265,571.10
Corporate Bonds
20271RAR1 COMMONWEALTH BANK OF 5.316% 03/13/2026 $ 100,000.00 5.316% Aa2 3/6/2023 3/13/2026 0.45 164 4.12% $ 100,000.00 $ 100,372.00 02665WEK3 AMERICAN HONDA FIN C 5.25% 07/07/2026 $ 155,000.00 5.250% A3 7/5/2023 7/7/2026 0.77 280 4.08% $ 154,809.35 $ 156,392.37 61761J3R8 MORGAN STANLEY 3.125% 07/27/2026 $ 175,000.00 3.125% A1 12/2/2021 7/27/2026 0.82 300 4.03% $ 177,773.67 $ 173,682.95 857477CD3 STATE STREET CORP 5.272% 08/03/2026 CALLABLE $ 195,000.00 5.272% Aa3 7/31/2023 8/3/2026 0.84 307 4.13% $ 195,000.00 $ 196,948.05 94988J6D4 WELLS FARGO BANK, NT 5.45% 08/07/2026 CALLABLE $ 250,000.00 5.450% Aa2 8/3/2023 8/7/2026 0.85 311 4.11% $ 249,782.50 $ 252,806.00 06428CAA2 BANK OF AMERICA, NTN 5.526% 08/18/2026 CALLABLE $ 450,000.00 5.526% Aa2 8/14/2023 8/18/2026 0.88 322 4.08% $ 450,000.00 $ 455,627.25 24422EXD6 JOHN DEERE CAPITAL C 5.15% 09/08/2026 $ 300,000.00 5.150% A1 9/5/2023 9/8/2026 0.94 343 3.82% $ 299,787.00 $ 303,840.90 06051GJK6 BANK OF AMERICA CORP VAR 10/24/2026 CALLABLE $ 225,000.00 1.197% A1 12/2/2021 10/24/2026 1.07 389 5.05% $ 219,908.25 $ 224,430.30 89788MAJ1 TRUIST FINL CORP VAR 10/28/2026 CALLABLE $ 110,000.00 5.900% Baa1 10/26/2022 10/28/2026 1.08 393 5.68% $ 110,000.00 $ 109,993.73 857477BX0 STATE STREET CORP VAR 11/04/2026 CALLABLE $ 45,000.00 5.751% Aa3 11/1/2022 11/4/2026 1.09 400 5.50% $ 45,000.00 $ 44,999.87 17325FBC1 CITIBANK, N.A. 5.488% 12/04/2026 CALLABLE $ 250,000.00 5.488% Aa3 11/27/2023 12/4/2026 1.18 430 4.09% $ 250,000.00 $ 254,060.00 48125LRU8 JPMORGAN CHASE BANK, 5.11% 12/08/2026 CALLABLE $ 400,000.00 5.110% Aa2 12/5/2023 12/8/2026 1.19 434 3.99% $ 400,000.00 $ 405,009.60 94988J6F9 WELLS FARGO BANK, NT 5.254% 12/11/2026 CALLABLE $ 400,000.00 5.254% Aa2 12/4/2023 12/11/2026 1.20 437 3.99% $ 400,000.00 $ 405,989.60 02665WDJ7 AMERICAN HONDA FIN C 2.35% 01/08/2027 $ 250,000.00 2.350% A3 2/6/2023 1/8/2027 1.27 465 4.12% $ 230,772.50 $ 244,623.50 87612EBM7 TARGET CORP 1.95% 01/15/2027 CALLABLE $ 200,000.00 1.950% A2 1/19/2022 1/15/2027 1.29 472 3.85% $ 199,370.15 $ 195,293.00 693475BL8 THE PNC FINL SERVICE VAR 01/26/2027 CALLABLE $ 40,000.00 4.758% A3 1/19/2023 1/26/2027 1.32 483 5.00% $ 40,000.00 $ 39,998.20 61747YEZ4 MORGAN STANLEY VAR 01/28/2027 CALLABLE $ 200,000.00 5.050% A1 1/17/2023 1/28/2027 1.33 485 5.13% $ 199,996.00 $ 200,244.40 4 City of Santa Fe Springs 1
53601 Cash Portfolio
As of Date: 9/30/2025
Account # x5745
Symbol/CUSIP Security Name Par Value Coupon Rate
Moody's/
S&P Rating 2,3 Purchase Date Maturity/
Called Date
Weighted
Average Life
Days to
Maturity
Yield to
Maturity 2
Adjusted
Cost Basis Market Value
882508CE2 TEXAS INSTRUMENTS IN 4.6% 02/08/2027 CALLABLE $ 310,000.00 4.600% Aa3 2/5/2024 2/8/2027 1.36 496 3.86% $ 309,801.60 $ 312,981.27 532457CJ5 ELI LILLY AND CO 4.5% 02/09/2027 CALLABLE $ 270,000.00 4.500% Aa3 2/7/2024 2/9/2027 1.36 497 3.84% $ 269,856.90 $ 272,156.76 04636NAK9 ASTRAZENECA FIN LLC 4.8% 02/26/2027 CALLABLE $ 175,000.00 4.800% A1 2/21/2024 2/26/2027 1.41 514 3.90% $ 174,706.00 $ 177,042.08 17275RBQ4 CISCO SYSTEMS, INC. 4.8% 02/26/2027 CALLABLE $ 305,000.00 4.800% A1 2/21/2024 2/26/2027 1.41 514 3.89% $ 304,603.50 $ 308,625.54 24422EWD7 JOHN DEERE CAPITAL C 2.35% 03/08/2027 $ 125,000.00 2.350% A1 3/8/2022 3/8/2027 1.44 524 3.85% $ 124,690.00 $ 122,388.50 857477CL5 STATE STREET CORP 4.993% 03/18/2027 CALLABLE $ 210,000.00 4.993% Aa3 3/13/2024 3/18/2027 1.47 534 3.87% $ 210,000.00 $ 213,148.32 46647PCB0 JPMORGAN CHASE & CO. VAR 04/22/2027 CALLABLE $ 400,000.00 1.578% A1 3/26/2025 4/22/2027 1.56 569 4.72% $ 387,414.00 $ 393,458.00 06406RBQ9 THE BANK OF NEW YORK VAR 04/26/2027 CALLABLE $ 325,000.00 4.947% Aa3 4/19/2023 4/26/2027 1.57 573 4.76% $ 325,000.00 $ 326,615.90 037833CR9 APPLE INC. 3.2% 05/11/2027 CALLABLE $ 250,000.00 3.200% Aaa 5/23/2022 5/11/2027 1.61 588 3.73% $ 247,552.50 $ 247,915.75 06051GJS9 BANK OF AMERICA CORP VAR 07/22/2027 CALLABLE $ 500,000.00 1.734% A1 2/27/2025 7/22/2027 1.81 660 4.70% $ 480,450.00 $ 490,055.50 438516CX2 HONEYWELL INTERNTNL 4.65% 07/30/2027 CALLABLE $ 160,000.00 4.650% A2 7/29/2024 7/30/2027 1.83 668 3.96% $ 159,995.20 $ 161,834.40 437076BT8 THE HOME DEPOT, INC. 2.8% 09/14/2027 CALLABLE $ 250,000.00 2.800% A2 2/6/2023 9/14/2027 1.96 714 3.82% $ 234,095.00 $ 245,002.50 89236TMS1 TOYOTA MOTOR CREDIT 4.35% 10/08/2027 $ 130,000.00 4.350% A1 10/7/2024 10/8/2027 2.02 738 3.92% $ 129,949.30 $ 131,050.14 857477CP6 STATE STREET CORP 4.33% 10/22/2027 CALLABLE $ 300,000.00 4.330% Aa3 10/17/2024 10/22/2027 2.06 752 3.84% $ 300,000.00 $ 302,645.40 10373QBY5 BP CAPITAL MARKETS A 5.017% 11/17/2027 CALLABLE $ 380,000.00 5.017% A1 5/15/2024 11/17/2027 2.13 778 4.01% $ 380,000.00 $ 387,558.58 172967LD1 CITIGROUP INC. VAR 01/10/2028 CALLABLE $ 175,000.00 3.887% A3 6/12/2023 1/10/2028 2.28 832 4.40% $ 165,800.25 $ 174,341.83 90261AAD4 UBS AG, STAMFORD BRA VAR 01/10/2028 CALLABLE $ 250,000.00 4.864% Aa2 1/6/2025 1/10/2028 2.28 832 4.89% $ 250,000.00 $ 252,216.00 57636QBA1 MASTERCARD INC 4.1% 01/15/2028 CALLABLE $ 160,000.00 4.100% Aa3 9/3/2024 1/15/2028 2.29 837 3.85% $ 159,912.00 $ 160,785.12 438516CJ3 HONEYWELL INTERNTNL 4.95% 02/15/2028 CALLABLE $ 225,000.00 4.950% A2 6/1/2023 2/15/2028 2.38 868 3.81% $ 228,669.02 $ 229,717.35 882508BV5 TEXAS INSTRUMENTS IN 4.6% 02/15/2028 CALLABLE $ 115,000.00 4.600% Aa3 5/11/2023 2/15/2028 2.38 868 4.14% $ 117,764.60 $ 116,970.64 95000U2V4 WELLS FARGO & CO VAR 03/24/2028 CALLABLE $ 250,000.00 3.526% A1 6/1/2023 3/24/2028 2.48 906 4.72% $ 235,302.50 $ 247,777.75 61747YFP5 MORGAN STANLEY VAR 04/13/2028 CALLABLE $ 500,000.00 5.652% A1 3/26/2025 4/13/2028 2.54 926 4.51% $ 509,562.68 $ 511,256.50 61747YER2 MORGAN STANLEY VAR 04/20/2028 CALLABLE $ 500,000.00 4.210% A1 3/6/2025 4/20/2028 2.56 933 4.74% $ 495,550.00 $ 500,628.50 46647PAF3 JPMORGAN CHASE & CO. VAR 05/01/2028 CALLABLE $ 250,000.00 3.540% A1 6/12/2023 5/1/2028 2.59 944 4.58% $ 234,055.00 $ 247,971.50 369550BC1 GENERAL DYNAMICS COR 3.75% 05/15/2028 CALLABLE $ 275,000.00 3.750% A2 6/1/2023 5/15/2028 2.62 958 4.02% $ 266,582.25 $ 274,478.60 025816DV8 AMERICAN EXPRESS CO VAR 07/26/2028 CALLABLE $ 70,000.00 5.043% A2 7/22/2024 7/26/2028 2.82 1030 4.40% $ 70,000.00 $ 71,161.58 907818EY0 UNION PACIFIC CORP 3.95% 09/10/2028 CALLABLE $ 500,000.00 3.950% A3 3/28/2025 9/10/2028 2.94 1076 3.91% $ 493,960.00 $ 500,527.50 06051GHD4 BANK OF AMERICA CORP VAR 12/20/2028 CALLABLE $ 500,000.00 3.419% A1 3/26/2025 12/20/2028 3.22 1177 4.42% $ 484,025.50 $ 492,593.50 571748BG6 MARSH & MCLENNAN COM 4.375% 03/15/2029 CALLABLE $ 500,000.00 4.375% A3 4/7/2025 3/15/2029 3.46 1262 4.09% $ 498,165.00 $ 504,516.50 57636QAM6 MASTERCARD INC 2.95% 06/01/2029 CALLABLE $ 500,000.00 2.950% Aa3 4/7/2025 6/1/2029 3.67 1340 3.94% $ 473,975.00 $ 483,206.00 693475BR5 THE PNC FINL SERVICE VAR 06/12/2029 CALLABLE $ 1,250,000.00 5.582% A3 2/27/2025 6/12/2029 3.70 1351 4.62% 1,282,902.95 $ $ 1,293,350.00 91159HJM3 U.S. BANCORP VAR 06/12/2029 CALLABLE $ 500,000.00 5.775% A3 2/27/2025 6/12/2029 3.70 1351 4.65% $ 514,342.49 $ 519,976.00 025816DH9 AMERICAN EXPRESS CO VAR 07/27/2029 CALLABLE $ 500,000.00 5.282% A2 2/27/2025 7/27/2029 3.83 1396 4.41% $ 509,363.16 $ 515,100.50 06406YAA0 THE BANK OF NEW YORK 3.3% 08/23/2029 CALLABLE $ 750,000.00 3.300% A2 4/2/2025 8/23/2029 3.90 1423 4.20% $ 711,430.00 $ 725,063.25 66989HAT5 NOVARTIS CAPITAL COR 3.8% 09/18/2029 CALLABLE $ 465,000.00 3.800% Aa3 9/16/2024 9/18/2029 3.97 1449 3.92% $ 463,870.05 $ 462,823.34 808513CJ2 THE CHARLES SCHWAB C VAR 11/17/2029 CALLABLE $ 750,000.00 6.196% A2 4/2/2025 11/17/2029 4.13 1509 4.51% $ 790,998.46 $ 795,263.25 20826FBJ4 CONOCOPHILLIPS CO 4.7% 01/15/2030 CALLABLE $ 750,000.00 4.700% A2 3/28/2025 1/15/2030 4.29 1568 4.24% $ 753,061.48 $ 764,079.00 91324PFG2 UNITEDHEALTH GROUP I 4.8% 01/15/2030 CALLABLE $ 750,000.00 4.800% A2 3/28/2025 1/15/2030 4.29 1568 4.19% $ 756,659.25 $ 765,281.25 46647PEB8 JPMORGAN CHASE & CO VAR 01/23/2030 CALLABLE $ 500,000.00 5.012% A1 3/6/2025 1/23/2030 4.31 1576 4.57% $ 504,361.75 $ 512,043.00 6174468G7 MORGAN STANLEY VAR 01/23/2030 CALLABLE $ 250,000.00 4.431% A1 3/6/2025 1/23/2030 4.31 1576 4.48% $ 246,275.00 $ 251,549.75 91159HJQ4 U.S. BANCORP VAR 01/23/2030 CALLABLE $ 500,000.00 5.384% A3 3/26/2025 1/23/2030 4.31 1576 4.56% $ 508,704.74 $ 516,262.00 29379VBX0 ENTERPRISE PRODUCTS 2.8% 01/31/2030 CALLABLE $ 500,000.00 2.800% A3 4/2/2025 1/31/2030 4.33 1584 4.20% $ 463,150.00 $ 471,922.50 76720AAS5 RIO TINTO FIN (USA) 4.875% 03/14/2030 CALLABLE $ 750,000.00 4.875% A1 4/7/2025 3/14/2030 4.46 1626 4.26% $ 754,384.10 $ 768,266.25 09659DAC0 BOARD TRUSTEES LELAN 4.146% 08/01/2030 CALLABLE $ 1,000,000.00 4.146% Aaa 8/6/2025 8/1/2030 4.84 1766 4.08% 1,000,010.00 $ $ 1,001,560.00 $ 21,820,000.00 $ 21,703,150.65 $ 21,987,479.32
CMO & Asset Backed Securities
448979AD6 HYUNDAI AUTO RECEIVA 4.58% 23A 04/15/2027 ABS $ 220,000.00 4.580% AAA 4/4/2023 4/15/2027 0.26 562 4.13% $ 73,357.29 $ 73,409.95 5 City of Santa Fe Springs 1
53601 Cash Portfolio
As of Date: 9/30/2025
Account # x5745
Symbol/CUSIP Security Name Par Value Coupon Rate
Moody's/
S&P Rating 2,3 Purchase Date Maturity/
Called Date
Weighted
Average Life
Days to
Maturity
Yield to
Maturity 2
Adjusted
Cost Basis Market Value
44933DAD3 HYUNDAI AUTO RECEIVA 5.39% 22C 06/15/2027 ABS $ 185,000.00 5.390% AAA 11/1/2022 6/15/2027 0.27 623 4.00% $ 53,340.10 $ 53,511.52 14318UAD3 CARMAX AUTO OWNER TR 5.34% 224 08/16/2027 ABS $ 195,000.00 5.340% AAA 10/26/2022 8/16/2027 0.32 685 4.17% $ 63,160.42 $ 63,377.39 58768PAC8 MERCEDES-BENZ AUTO R 5.21% 221 08/16/2027 ABS $ 265,000.00 5.210% Aaa 11/15/2022 8/16/2027 0.35 685 4.22% $ 75,357.71 $ 75,650.37 58770AAC7 MERCEDES-BENZ AUTO R 4.51% 231 11/15/2027 ABS $ 135,000.00 4.510% AAA 1/18/2023 11/15/2027 0.44 776 4.14% $ 50,226.35 $ 50,320.90 41285JAD0 HARLEY-DAVIDSON MOTO 5.05% 23A 12/15/2027 ABS $ 230,000.00 5.050% Aaa 2/13/2023 12/15/2027 0.41 806 4.26% $ 99,087.93 $ 99,437.46 344928AD8 FORD CR AUTO OWNER T 4.65% 23A 02/15/2028 ABS $ 180,000.00 4.650% AAA 3/28/2023 2/15/2028 0.51 868 4.12% $ 94,236.53 $ 94,500.65 891941AD8 TOYOTA AUTO RECEIVAB 4.71% 23B 02/15/2028 ABS $ 270,000.00 4.710% Aaa 5/16/2023 2/15/2028 0.59 868 3.98% $ 198,228.82 $ 184,860.86 362583AD8 GM FINL CONSUMER AUT 4.47% 232 02/16/2028 ABS $ 180,000.00 4.470% Aaa 4/4/2023 2/16/2028 0.49 869 4.13% $ 97,456.31 $ 97,634.42 05592XAD2 BMW VEH OWNER TR 202 5.47% 23A 02/25/2028 ABS $ 115,000.00 5.470% AAA 7/11/2023 2/25/2028 0.56 878 4.23% $ 66,562.87 $ 67,043.89 254683CY9 DISCOVER CARD EXECUT 4.31% 231 03/15/2028 ABS $ 225,000.00 4.310% Aaa 4/4/2023 3/15/2028 0.46 897 3.60% $ 224,986.95 $ 225,257.29 44933XAD9 HYUNDAI AUTO RECEIVA 5.48% 23B 04/17/2028 ABS $ 140,000.00 5.480% AAA 7/11/2023 4/17/2028 0.58 930 4.22% $ 95,819.82 $ 96,493.61 02007WAC2 ALLY AUTO RECEIVABLE 5.46% 231 05/15/2028 ABS $ 250,000.00 5.460% Aaa 7/11/2023 5/15/2028 0.64 958 3.84% $ 172,331.34 $ 173,809.04 02582JJZ4 AMERICAN EXPRESS CRE 4.87% 231 05/15/2028 ABS $ 255,000.00 4.870% AAA 6/7/2023 5/15/2028 0.62 958 4.10% $ 254,977.38 $ 256,360.35 05522RDG0 BA CREDIT CARD TRUST 4.79% 231 05/15/2028 ABS $ 230,000.00 4.790% AAA 6/8/2023 5/15/2028 0.62 958 4.08% $ 229,947.93 $ 231,022.26 14041NGD7 CAPITAL ONE MULTI-AS 4.42% 231 05/15/2028 ABS $ 415,000.00 4.420% AAA 5/17/2023 5/15/2028 0.62 958 4.01% $ 414,904.84 $ 416,031.11 344930AD4 FORD CR AUTO OWNER T 5.23% 23B 05/15/2028 ABS $ 200,000.00 5.230% AAA 6/21/2023 5/15/2028 0.63 958 4.05% $ 146,986.54 $ 148,063.34 254683CZ6 DISCOVER CARD EXECUT 4.93% 232 06/15/2028 ABS $ 455,000.00 4.930% Aaa 6/21/2023 6/15/2028 0.71 989 4.05% $ 454,938.53 $ 457,973.06 36267KAD9 GM FINL CONSUMER AUT 5.45% 233 06/16/2028 ABS $ 140,000.00 5.450% Aaa 7/11/2023 6/16/2028 0.62 990 4.14% $ 100,876.84 $ 101,743.46 438123AC5 HAROT 2023-4 A2 5.67% 234 06/21/2028 ABS $ 115,000.00 5.670% Aaa 11/1/2023 6/21/2028 0.75 995 4.10% $ 100,639.43 $ 101,613.26 31680EAD3 FIFTH THIRD AUTO TR 5.53% 231 08/15/2028 ABS $ 475,000.00 5.530% Aaa 8/15/2023 8/15/2028 0.66 1050 4.47% $ 356,152.43 $ 359,329.15 41285YAC9 HARLEY-DAVIDSON MOTO 5.69% 23B 08/15/2028 ABS $ 465,000.00 5.690% Aaa 9/20/2023 8/15/2028 0.67 1050 4.08% $ 364,890.47 $ 368,168.66 89239FAD4 TOYOTA AUTO RECEIVAB 5.54% 23D 08/15/2028 ABS $ 130,000.00 5.540% AAA 11/7/2023 8/15/2028 0.79 1050 4.14% $ 129,174.69 $ 130,688.14 379930AD2 GM FINL SECURITIZED 5.78% 234 08/16/2028 ABS $ 215,000.00 5.780% Aaa 10/3/2023 8/16/2028 0.71 1051 4.16% $ 187,918.91 $ 189,966.71 44918CAD4 HYUNDAI AUTO RECEIVA 5.54% 23C 10/16/2028 ABS $ 200,000.00 5.540% AAA 11/3/2023 10/16/2028 0.75 1112 4.13% $ 191,371.60 $ 193,395.41 05522RDH8 BA CREDIT CARD TRUST 4.98% 232 11/15/2028 ABS $ 230,000.00 4.980% Aaa 12/7/2023 11/15/2028 1.12 1142 3.89% $ 229,969.11 $ 232,840.43 161571HV9 CHASE ISSUANCE TRUST 4.6% 241 01/16/2029 ABS $ 520,000.00 4.600% AAA 1/24/2024 1/16/2029 1.29 1204 3.88% $ 519,920.80 $ 524,696.64 92970QAA3 WF CARD ISSUANCE TR 4.94% 241 02/15/2029 ABS $ 650,000.00 4.940% Aaa 2/21/2024 2/15/2029 1.38 1234 3.89% $ 649,823.59 $ 659,514.44 02582JKH2 AMERICAN EXPRESS CRE 5.23% 241 04/16/2029 ABS $ 625,000.00 5.230% AAA 4/16/2024 4/16/2029 1.54 1294 3.88% $ 624,871.88 $ 637,830.25 448976AD2 HYUNDAI AUTO RECEIVA 4.41% 24C 05/15/2029 ABS $ 240,000.00 4.410% AAA 10/8/2024 5/15/2029 1.52 1323 3.92% $ 239,982.43 $ 241,834.92 38014AAD3 GM FINL CONSUMER AUT 4.4% 244 08/16/2029 ABS $ 165,000.00 4.400% Aaa 10/8/2024 8/16/2029 1.39 1416 3.92% $ 164,968.22 $ 166,147.92 14041NGE5 CAPITAL ONE FUNDING 3.92% 09/17/2029 ABS $ 615,000.00 3.920% AAA 9/17/2024 9/17/2029 1.96 1448 3.89% $ 614,879.95 $ 616,348.76 437921AD1 HONDA AUTO RECEIVABL 4.15% 252 10/15/2029 ABS $ 729,000.00 4.150% Aaa 4/29/2025 10/15/2029 2.02 1476 3.90% $ 728,928.35 $ 729,723.46 92970QAE5 WF CARD ISSUANCE TRU 4.29% 242 10/15/2029 CMO $ 235,000.00 4.290% Aaa 10/17/2024 10/15/2029 2.04 1476 4.00% $ 234,965.08 $ 237,006.27 02582JKP4 AMERICAN EXPRESS CRE 4.319% 252 04/15/2030 ABS $ 241,000.00 4.319% AAA 5/6/2025 4/15/2030 2.54 1658 3.92% $ 240,995.66 $ 242,592.60 17305EHA6 CITIBANK CREDIT CARD 4.3% 06/21/2030 ABS $ 365,000.00 4.300% Aaa 6/18/2025 6/21/2030 2.73 1725 3.89% $ 364,911.09 $ 368,323.18 92348KEF6 VERIZON MASTER TRUST 4.4% 255 06/20/2031 ABS $ 318,000.00 4.400% Aaa 6/17/2025 6/20/2031 3.26 2089 4.16% $ 317,988.69 $ 321,765.50 $ 24,718,000.00 $ 21,923,076.51 $ 22,342,639.24
Totals 88,963,000.00 $ $ 85,378,673.20 $ 87,838,790.45
1 Account adjusted cost basis, ending value, and other information reflects the market value of your cash and investments provided by Charles Schwab & Co., Inc (Schwab). It does not include pending transactions, unpriced securities or assets held outside Schwab's custody. Values may not reflect all of your gains/losses and may be rounded up to the nearest dollar; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. 2 Portfolio Manager provides bond rating primarily from Moody's and if that is unavailable, secondarily from Standard & Poors. Portfolio Manager also also provides weighted-average-life and yield-to-maturity as of month's end valuation. 3 See acompanying Moody's and Standard and Poor's ratings descriptions and further details on the rating process from the rating agencies. 4 Agency Mortgage Pool Investments, such as bonds issued from the Federal Home Loan Mortgage Corporation (FHLMC), Federal National Mortgage Association (FNMA), or Government National Mortgage Association (GNMA), are amortizing bonds whose principal is paid down over time. As such, performance should be evaluated relative to the Cost Basis of the Investment, not the Par Value. 6 City of Santa Fe Springs *
53601 Cash Portfolio
As of Date: 9/30/2025
Account # x5216
Symbol/CUSIP Security Name Par Value Coupon Rate Moody's/ S&P Rating Purchase Date Maturity/ Called Date
Days to
Maturity
Yield to
Maturity
Adjusted
Cost Basis Market Value
CDs
65558UYF3 NORDEA ABP - NEW YOR 5.53% CD 11/03/2025 $ 325,000.00 5.53% N/R 11/2/2022 11/3/2025 34 5.53% 325,000.00 $ $ 325,215.80 63873QP65 NATIXIS, NEW YORK BR 5.61% CD 09/18/2026 $ 500,000.00 5.61% N/R 9/18/2023 9/18/2026 353 5.61% 500,000.00 $ $ 508,220.00 22536DWD6 CREDIT AGRICOLE CORP 4.76% CD 02/01/2027 $ 525,000.00 4.76% N/R 2/1/2024 2/1/2027 489 4.76% 525,000.00 $ $ 528,984.75 $ 1,350,000.00 $ 1,350,000.00 $ 1,362,420.55
CASH
CASH Cash
$ -
Total 1,350,000.00 $ $ 1,350,000.00 $ 1,362,420.55
* Account adjusted cost basis, ending value, and other information reflects the market value of your cash and investments provided by Charles Schwab & Co., Inc (Schwab). It does not include pending transactions, unpriced securities or assets held outside Schwab's custody. Values may not reflect all of your gains/losses and may be rounded up to the nearest dollar; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. 7 City of Santa Fe Springs
Rating Agency Disclosures
As of Date: 9/30/2025
Rater
Moody's* Aaa Aa1 Aa2 Aa3 A1 A2 A3 Baa1 Baa2 Baa3 Ba1 Ba2 Ba3 B1 B2 B3 Below S&P ** AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- Below * Moody’s Official Rating Descriptor/Definition: Credit Ratings are assigned on Moody’s global long-term and short-term rating scales and are forward-looking opinions of the relative credit risks of financial obligations issued by non-financial corporates, financial institutions, structured finance vehicles, project finance vehicles, and public sector entities. Moody’s defines credit risk as the risk that an entity may not meet its contractual financial obligations as they come due and any estimated financial loss in the event of default or impairment. The contractual financial obligations addressed by Moody’s ratings are those that call for, without regard to enforceability, the payment of an ascertainable amount, which may vary based upon standard sources of variation (e.g., floating interest rates), by an ascertainable date. Moody’s rating addresses the issuer’s ability to obtain sufficient cash to service the obligation, and its willingness to pay. Moody’s ratings do not address non-standard sources of variation in the amount of the principal obligation (e.g., equity indexed), absent an express statement to the contrary in a press release accompanying an initial rating. Long-term ratings are assigned to issuers or obligations with an original maturity of eleven months or more and reflect both on the likelihood of a default or impairment on contractual financial obligations and the expected financial loss suffered in the event of default or impairment. Short-term ratings are assigned to obligations with an original maturity of thirteen months or less and reflect both on the likelihood of a default or impairment on contractual financial obligations and the expected financial loss suffered in the event of default or impairment. Moody’s issues ratings at the issuer level and instrument level on both the long-term scale and the short-term scale. Typically, ratings are made publicly available although private and unpublished ratings may also be assigned. Source: Moody's "Rating Symbols and Definitions”, 2025 edition. https://ratings.moodys.com/api/rmc-documents/53954 ** Standard & Poor’s Official Rating Descriptor/Definition: An S&P Global Ratings issue credit rating is a forward-looking opinion about the creditworthiness of an obligor with respect to a specific financial obligation, a specific class of financial obligations, or a specific financial program (including ratings on medium-term note programs and commercial paper programs). It takes into consideration the creditworthiness of guarantors, insurers, or other forms of credit enhancement on the obligation and considers the currency in which the obligation is denominated. The opinion reflects S&P Global Ratings' view of the obligor's capacity and willingness to meet its financial commitments as they come due, and this opinion may assess terms, such as collateral security and subordination, which could affect ultimate payment in the event of default. Source: “S&P Global Ratings Definitions” last updated 12/02/2024. https://www.spglobal.com/ratings/en/research/articles/190705-s-p-global-ratings-definitions-504352 Investment Grade Rating Non-Investment Grade Rating
8 City of Santa Fe Springs *
115 Trust - OPEB
As of Date: 9/30/2025
Account # x1306
Symbol/CUSIP Security Name Cost Basis Market Value
Equity Funds
BBJP JPMORGAN BETABUILDERS JAPAN ETF $ 1,296,157.61 $ 1,597,914.08 DYNF ISHARES U.S. EQUITY FACTOR ROTATION ACTIVE ETF $ 1,371,882.67 $ 1,760,060.80 EFV ISHARES MSCI EAFE VALUE ETF $ 2,625,524.36 $ 3,271,771.18 IEMG ISHARES CORE MSCI $ 1,503,131.00 $ 2,054,993.59
IFRA ISHARES US INFRASTRUCTURE ETF $ 1,418,478.77 $ 1,603,601.01 IVV ISHARES CORE S&P $ 5,873,115.54 $ 7,420,172.56
QUAL ISHARS EDG MSCI USA QLTY $ 2,593,415.91 $ 2,970,334.14 SPYG SPDR S&P 500 GROWTH ETF $ 871,307.68 $ 1,193,270.26 SPYV SPDR S&P 500 VALUE ETF $ 2,040,487.08 $ 2,353,877.82 VGT VANGUARD INFORMATION $ 881,945.65 $ 1,167,440.60
VIGI VANGUARD INTL DIVIDEND APRECTN ETF $ 2,516,869.64 $ 2,737,907.68 $ 22,992,315.91 $ 28,131,343.72
Bonds Funds
44681338 THOROFARE ASSET BASED LENDING FUND V LP N/A $ 2,340,797.26 FBND FIDELITY TOTAL BOND ETF $ 1,680,295.89 $ 1,686,980.86 IUSB ISHARES TOTAL USD BOND MARKET ETF $ 979,406.11 $ 997,694.62 JAAA JANUS HENDERSON AAA CLO ETF $ 588,206.36 $ 587,244.84 JPIE JPMORGAN INCOME ETF $ 1,066,746.78 $ 1,086,344.71
PIMIX PIMCO INCM INST CL $ 3,366,802.22 $ 3,425,825.95
PYLD PIMCO MULTISECTOR BOND ACTV ETF $ 479,254.01 $ 492,004.04 $ 8,160,711.37 $ 10,616,892.28
CASH
CASH Cash — $ 100,696.68
$ 100,696.68
Total 31,153,027.28 $ $ 38,848,932.68
* Account adjusted cost basis, ending value, and other information reflects the market value of your cash and investments provided by Charles Schwab & Co., Inc (Schwab). It does not include pending transactions, unpriced securities or assets held outside Schwab's custody. Values may not reflect all of your gains/losses and may be rounded up to the nearest dollar; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. 9 City of Santa Fe Springs *
115 Trust - Pension Stabilization
As of Date: 9/30/2025
Account # x6840
Symbol/CUSIP Security Name Cost Basis Market Value
Equity Funds
BBJP JPMORGAN BETABUILDERS JAPAN ETF $ 795,197.13 $ 983,724.56 DYNF ISHARES U.S. EQUITY FACTOR ROTATION ACTIVE ETF $ 850,556.31 $ 1,092,455.64 EFV ISHARES MSCI EAFE VALUE ETF $ 1,650,795.73 $ 2,081,824.33 IEMG ISHARES CORE MSCI $ 990,498.21 $ 1,316,689.36
IFRA ISHARES US INFRASTRUCTURE ETF $ 886,811.62 $ 989,742.06 IVV ISHARES CORE S&P $ 3,678,941.25 $ 4,606,042.28
QUAL ISHARS EDG MSCI USA QLTY $ 1,501,723.40 $ 1,731,329.26 SPYG SPDR S&P 500 GROWTH ETF $ 542,282.54 $ 740,632.45
SPYV SPDR S&P 500 VALUE ETF $ 1,220,633.62 $ 1,389,965.17 VGT VANGUARD INFORMATION $ 538,258.24 $ 716,190.27
VIGI VANGUARD INTL DIVIDEND APRECTN ETF $ 1,524,386.33 $ 1,660,570.21 $ 14,180,084.38 $ 17,309,165.59
Bonds Funds
44681338 THOROFARE ASSET BASED LENDING FUND V LP N/A $ 1,887,739.73 FBND FIDELITY TOTAL BOND ETF $ 3,743,718.78 $ 3,738,579.12 IUSB ISHARES TOTAL USD BOND MARKET ETF $ 1,463,511.50 $ 1,491,220.72 JAAA JANUS HENDERSON AAA CLO ETF $ 879,232.97 $ 877,508.61 JPIE JPMORGAN INCOME ETF $ 1,593,209.20 $ 1,623,776.86
PIMIX PIMCO INCM INST CL $ 4,992,405.59 $ 5,086,819.69
PYLD PIMCO MULTISECTOR BOND ACTV ETF $ 725,278.19 $ 750,636.01 $ 13,397,356.23 $ 15,456,280.74
CASH
CASH Cash — $ 169,293.07
$ 169,293.07
Total 27,577,440.61 $ $ 32,934,739.40
* Account adjusted cost basis, ending value, and other information reflects the market value of your cash and investments provided by Charles Schwab & Co., Inc (Schwab). It does not include pending transactions, unpriced securities or assets held outside Schwab's custody. Values may not reflect all of your gains/losses and may be rounded up to the nearest dollar; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. 10 ITEM # 16

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: Chad Van Meeteren, Fire Chief
SUBJECT: SECOND READING OF ORDINANCE NO. 1164 – AN ORDINANCE UPDATING THE 2025 EDITION OF THE CALIFORNIA FIRE CODE
DATE: October 21, 2025
RECOMMENDATION:

It is recommended that the City Council:
1) Adopt Ordinance No. 1164:

AN ORDINANCE AMENDING SECTIONS 93.01, 93.03, 93.04 OF CHAPTER 93 (FIRE PREVENTION AND PROTECTION) OF THE SANTA FE SPRINGS

MUNICIPAL CODE, TO UPDATE REFERENCES TO, ADOPT, AND ENFORCE THE 2025 EDITION OF THE CALIFORNIA FIRE CODE; and
2) Take such additional, related, action that may be desirable.

FISCAL IMPACT
There is a one-time impact on the Department of Fire-Rescue’s FY 2025-2026 budget that will be incurred to replace reference documents and to provide staff training on the new code and requirements. The cost estimated is not anticipated to exceed ($7,500) seven thousand five hundred dollars.

BACKGROUND
Ordinance No. 1164 passed its first reading at the October 7, 2025 City Council meeting.

The 2022 California Fire Code was superseded by the 2025 California Fire Code, which became state law on January 1, 2025. The City of Santa Fe Springs Department of FireRescue needs to adopt the 2025 California Fire Code with amendments under Chapter 93 of the Santa Fe Springs City Municipal Code of Ordinances. The code is amended for CITY COUNCIL AGENDA REPORT – MEETING OF OCTOBER 21, 2025 ORDINANCE NO. 1164 – UPDATING THE 2025 EDITION OF THE CALIFORNIA

FIRE CODE

Page 2 of 2 ends

Santa Fe Springs City CouncilOctober 21, 2025

Santa Fe Springs City Council
October 21, 2025