Agenda — Stanton City Council, July 8, 2025 (part 1 of 3)

TO THE MEMBERS OF THE CITY COUNCIL / SUCCESSOR AGENCY / HOUSING AUTHORITY FOR THE CITY OF STANTON AND TO THE CITY CLERK / SECRETARY:

NOTICE IS HEREBY GIVEN that a Special Meeting of the City Council / Successor Agency / Housing Authority for the City of Stanton is hereby called by the Mayor / Chairman, to be held on July 8, 2025, commencing at 5:30 p.m. at 7800 Katella Avenue, Stanton, CA 90680 (Council Chambers).

The Agenda for the Special Meeting is attached to this Notice and Call.

Dated: July 3, 2025
s/ Patricia A. Vazquez, City Clerk / Secretary

IN COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT, IF YOU NEED SPECIAL ASSISTANCE TO PARTICIPATE IN THIS MEETING, PLEASE CONTACT THE OFFICE OF THE CITY CLERK AT (714) 890-4245.

NOTIFICATION PRIOR TO THE MEETING WILL ENABLE THE CITY TO MAKE REASONABLE ARRANGEMENTS TO ENSURE ACCESSIBILITY TO THIS MEETING.

PUBLIC ACCESS IN-PERSON AND VIA TELECONFERENCE
(Electronically / Telephonically)
Attendance by the members of the public may view the meeting live in one of the following ways:
• Attend in person - City Council Chambers: 7800 Katella Avenue, California 90680. • Via Teleconference (electronically / telephonically) - Zoom:

In order to join the meeting via telephone please follow the steps below:

1. Dial the following phone number +1 (669) 444-9171 (US).

2. Dial in the following Meeting ID: 840 7704 9614) to be connected to the meeting.

In order to join the meeting via electronic device please utilize the Zoom URL link below:
• https://us02web.zoom.us/j/84077049614?pwd=tcamSCzi9bDllH45QFk0Ndv0HoNicn.1

ANY MEMBER OF THE PUBLIC WISHING TO PROVIDE PUBLIC COMMENT FOR ANY ITEM ON THE AGENDA MAY DO SO AS FOLLOWS:
• Attend in person and complete and submit a request to speak card to the City Clerk. • E-Mail your comments to [email protected] with the subject line “PUBLIC COMMENT ITEM #” (insert the item number relevant to your comment). Comments received no later than 5:00 p.m. before the scheduled meeting will be compiled, provided to the City Council, and made available to the public before the start of the meeting. Staff will not read e-mailed comments at the meeting. However, the official record will include all e-mailed comments received until the close of the meeting.

Should you have any questions related to participation in the City Council Meeting, please contact the City Clerk’s Office at (714) 890-4245 or via e-mail at [email protected].

NOTICE AND CALL

CITY COUNCIL

SUCCESSOR AGENCY

HOUSING AUTHORITY

SPECIAL MEETING
Stanton City Council Agenda Prepared by the Office of the City Clerk July 8, 2025

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In order to join the meeting via telephone please follow the steps below:

1. Dial the following phone number +1 (669) 444-9171 (US).

2. Dial in the following Meeting ID: 840 7704 9614) to be connected to the meeting.

In order to join the meeting via electronic device please utilize the Zoom URL link below:
• https://us02web.zoom.us/j/84077049614?pwd=tcamSCzi9bDllH45QFk0Ndv0HoNicn.1

However, the official record will include all e-mailed comments received until the close of the meeting.

Should you have any questions related to participation in the City Council Meeting, please contact the City Clerk’s Office at (714) 890-4245 or via e-mail at [email protected].

AGENDA

SPECIAL & JOINT REGULAR MEETING

CITY COUNCIL

SUCCESSOR AGENCY

HOUSING AUTHORITY
TUESDAY, JULY 8, 2025
CLOSED SESSION - 5:30 P.M.

JOINT REGULAR SESSION - 6:30 P.M.

STANTON CITY HALL, 7800 KATELLA AVENUE, STANTON, CA
In compliance with the Americans With Disabilities Act, if you need special assistance to participate in this meeting, please contact the Office of the City Clerk at (714) 890-4245 or via e-mail at [email protected]. Notification prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.

Stanton City Council Agenda Prepared by the Office of the City Clerk July 8, 2025

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The City Council agenda and supporting documentation is made available for public review and inspection during normal business hours in the Office of the City Clerk, 7800 Katella Avenue, Stanton California 90680 immediately following distribution of the agenda packet to a majority of the City Council. Packet delivery typically takes place on Thursday afternoons prior to the regularly scheduled meeting on Tuesday. The agenda packet is also available for review and inspection on the city’s website at www.StantonCA.gov.

The City Council is required to comply with the Levine Act (Government Code § 84308). The purpose of the Levine Act is to prevent public officials from being influenced by campaign contributions from parties and other financially interested persons appearing before them and to prevent officials from using their position of authority to unduly influence applicants to make contributions to campaigns. The Levine Act only applies to certain matters brought to the City Council, including permits, licenses, some contracts, and other entitlements for use. While these matters are pending and for 12 months after a decision has been made, a Council Member may not accept, solicit, or direct campaign contributions of more than $500 from parties/participants who have a financial interest in the proceedings, or their respective agents. In addition, a Council Member who has received such a contribution may be required to disclose the contribution and recuse themselves from consideration of an agenda item. This summary of the Levine Act does not constitute legal advice. Council members who need to recuse themselves from an agenda item may provide notice at any time during the Council meeting before consideration of the item. Under certain circumstances, contributions may be returned by the public official in order to participate in a decision or otherwise cure a potential violation.

1. CLOSED SESSION(5:30 PM)

2. ROLL CALL Council / Agency / Authority Member Barrios Council / Agency / Authority Member Taylor
Council / Agency / Authority Member Warren
Mayor Pro Tem / Vice Chairman Torres
Mayor / Chairman Shawver

3. PUBLIC COMMENT ON CLOSED SESSION ITEMS
Closed Session may convene to consider matters of purchase / sale of real property (G.C. §54956.8), pending litigation (G.C. §54956.9(a)), potential litigation (G.C. §54956.9(b)) or personnel items (G.C. §54957.6). Records not available for public inspection.

4. CLOSED SESSION
4A. CONFERENCE WITH LEGAL COUNSEL-ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Government Code Section 54956.9(d)(2) Number of Potential Cases: 1
4B. PUBLIC EMPLOYEE PERFORMANCE EVALUATION
(Pursuant to Government Code Section 54957.6)
Title: City Attorney
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5. CALL TO ORDER STANTON CITY COUNCIL / SUCCESSOR AGENCY / HOUSING AUTHORITY JOINT REGULAR MEETING (6:30 PM)

6. ROLL CALL Council / Agency / Authority Member Barrios Council / Agency / Authority Member Taylor
Council / Agency / Authority Member Warren
Mayor Pro Tem / Vice Chairman Torres
Mayor / Chairman Shawver

7. PLEDGE OF ALLEGIANCE

8. SPECIAL PRESENTATIONS AND AWARDS
A. Proclamation declaring the month of July 2025 as Parks and Recreation Month in the City of Stanton.

B. Townsend Public Affairs State and Federal Legislative report and update.

C. Update on City’s homeless outreach activities.

9. CONSENT CALENDAR
All items on the Consent Calendar may be acted on simultaneously, unless a Council/Board Member requests separate discussion and/or action.

CONSENT CALENDAR
9A. MOTION TO APPROVE THE READING BY TITLE OF ALL ORDINANCES AND RESOLUTIONS. SAID ORDINANCES AND RESOLUTIONS THAT APPEAR ON THE

PUBLIC AGENDA SHALL BE READ BY TITLE ONLY AND FURTHER READING WAIVED
RECOMMENDED ACTION:

City Council/Agency Board/Authority Board waive reading of Ordinances and Resolutions.

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9B. APPROVAL OF WARRANTS
City Council approve demand warrants dated May 30, 2025 – June 12, 2025, in the amount of $3,646,247.36.
9C. APPROVAL OF MINUTES

1. City Council/Successor Agency/Housing Authority approve Minutes of Special and Joint Regular Meeting – June 24, 2025; and

2. City Council approve Minutes of Special Meeting – June 26, 2025. 9D. CITY SPONSORSHIP REQUEST – SAINT POLYCARP ANNUAL FIESTA Per the City’s Sponsorship Program, Saint Polycarp is requesting co-sponsorship of the St. Polycarp Family Fiesta scheduled for September 19-21, 2025.

RECOMMENDED ACTION:

1. City Council declare this project to be categorically exempt under the California Environmental Quality Act, Class 1, Section 15301c; and

2. Determine the status of the Saint Polycarp Fiesta sponsorship request. 9E. CONTINUANCE OF THE PROCLAMATION OF THE EXISTENCE OF A LOCAL

EMERGENCY CAUSED BY HOMELESSNESS CRISIS
At its meeting of November 26, 2024, the City Council adopted a resolution proclaiming the existence of a local emergency. Based on the continuing impacts of homelessness on public health and safety within the City of Stanton, the City Council’s proclamation of the existence of a local emergency will continue until further notice.

RECOMMENDED ACTION:

1. City Council declare that the proposed actions are not subject to the California Environmental Quality Act (“Public Resources Code section 21000 et seq.) (“CEQA”) because they do not qualify as a “project” under CEQA Receive and file; and

2. Receive and file the report.

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9F. MAY 2025 INVESTMENT REPORT
The Investment Report as of May 31, 2025, has been prepared in accordance with the City’s Investment Policy and California Government Code Section 53646.

RECOMMENDED ACTION:

1. City Council find that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Sections 15378(b)(5) (Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment); and

2. Receive and file the Investment Report for the month of May 2025. 9G. MAY 2025 INVESTMENT REPORT (SUCCESSOR AGENCY)
The Investment Report as of May 31, 2025, has been prepared in accordance with the City’s Investment Policy and California Government Code Section 53646.

RECOMMENDED ACTION:

1. Successor Agency find that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Sections 15378(b)(5) (Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment); and

2. Receive and file the Investment Report for the month of May 2025. 9H. FIRST AMENDMENT TO PROFESSIONAL SERVICES AGREEMENT WITH SP PLUS

FOR PARKING ENFORCEMENT SERVICES
The City Council will consider approval of the First Amendment to the Professional Services Agreement with SP Plus Corporation (SP+) for parking enforcement services to extend the term of the Agreement for 12 months at the same annual compensation amount of $213,087.

RECOMMENDED ACTION:

1. City Council find that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Sections 15378(b)(5)(Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment); and

2. Approve the First Amendment to the existing Professional Services Agreement with SP Plus Corporation to extend the term of the contract by 12 months and increase the total not-to-exceed compensation amount by $213,087 for the new term for a new total not-to-exceed compensation amount of $426,174.

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9I. AWARD OF CONSTRUCTION CONTRACT FOR THE STANTON COMMUNITY / SENIOR CENTER IMPROVEMENTS PROJECT (TASK CODE NO. 2025-601) AND

TRANSFER OF FUNDS
Two bids for the Stanton Community / Senior Center Improvements Project were opened on June 30, 2025. Based on the post-bid analysis of the bids received, staff has determined the bid submitted by A2Z Construct, Inc. to be the lowest responsible and responsive bid at $606,050. At this time, staff is requesting a transfer of funds from within the CIP budget to complete construction of the project and recommending awarding the construction contract to A2Z Construct, Inc.

RECOMMENDED ACTION:

1. City Council find that this project is exempt from the California Environmental Quality Act (“CEQA”), Class 1, Section 15301(a) as operation, repair, and minor interior or exterior alterations of existing public facilities; and

2. Award a construction contract for the Stanton Community / Senior Center Improvements Project to A2Z Construct, Inc. for the bid amount of $606,050 and reject all other bids; and

3. Authorize the City Manager to bind the City of Stanton and A2Z Construct, Inc. in a contract for the construction; and

4. Authorize the City Manager to approve contract change orders, not to exceed $30,302.50; and

5. Transfer $56,352.50 from the 2026-602 City Hall / Community Center Keycard Access Project (General Fund #101) to increase the Stanton Community / Senior Center Improvement Project (Task Code No. 2025-601) budget to $676,352.50. 9J. RECEIVE AND FILE CITY OF STANTON QUALIFIED CONTRACTORS LIST FOR

CALIFORNIA UNIFORM PUBLIC CONSTRUCTION COST ACCOUNTING ACT The City of Stanton’s Qualified Contractors List has been prepared in accordance with the California Uniform Public Construction Cost Accounting Act (CUPCCAA) guidelines and associated Public Contract Codes.

RECOMMENDED ACTION:

1. City Council declare this action to be categorically exempt under the California Environmental Quality Act, Section 15378(b)(5) (Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment); and

2. Receive and file the Qualified Contractors List.

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9K. AUTHORITY TO ADVERTISE FOR CONSTRUCTION OF THE FISCAL YEAR (FY) 2025/26 CITYWIDE SIDEWALK REPAIR PROJECT
The plans and specifications for the FY 2025/26 Citywide Sidewalk Repair Project are complete. The City Engineer is recommending City Council approve the specifications and plans for bidding, subject to revision by the City Engineer and the City Attorney, to ensure the construction contract is awarded in an efficient and timely manner. The Project plans and specifications are available in the City Engineer’s Office for review.

RECOMMENDED ACTION:

1. City Council find that this project is exempt from the California Environmental Quality Act (“CEQA”), Class 1, and 15301(c) as repair, maintenance, and minor alteration of existing streets, sidewalks, gutters, and similar facilities; and

2. Approve the bid specifications and plans, subject to revisions required by the City Engineer and the City Attorney; and

3. Authorize and advertise for bids the FY 2025/26 Citywide Sidewalk Repair Project. 9L. ACCEPTANCE OF THE 8880 PACIFIC AVENUE DEMOLITION AND ABATEMENT

PROJECT BY THE CITY COUNCIL OF THE CITY OF STANTON, CALIFORNIA The demolition and abatement of the vacant four-unit building located at 8880 Pacific Avenue has been successfully completed. The final construction cost for this portion of the overall project was $75,000. The City Engineer has certified that all work was completed in accordance with project specifications as of June 3, 2025. Staff recommends the City Council formally accept the completed improvements, approve the final contract amount, and authorize the filing of the Notice of Completion.

RECOMMENDED ACTION:

1. City Council find that the project is categorically exempt from the California Environmental Quality Act (CEQA) pursuant to Section 15301(l)(3), Class 1 – minor alteration and demolition of existing small structures; and

2. Accept the completed improvements for the 8880 Pacific Avenue Demolition and Abatement Project as certified by the City Engineer, and establish June 3, 2025, as the official date of completion; and

3. Approve the final construction contract amount of $75,000 with Integrated Demolition and Remediation, Inc.; and

4. Direct the City Clerk to file the Notice of Completion with the Orange County ClerkRecorder within ten (10) days of project acceptance (Attachment A); and Stanton City Council Agenda Prepared by the Office of the City Clerk July 8, 2025

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5. Authorize City staff to release the retention payment of $3,750 to Integrated Demolition and Remediation, Inc. following the statutory 35-day lien period after filing of the Notice of Completion.
9M. APPROVAL OF FIRST AMENDMENT EXTENDING THE LETTER AGREEMENT WITH

HARRIS & ASSOCIATES (HARRIS) FOR ANNUAL ADMINISTRATION SERVICES FOR STANTON LIGHTING AND LANDSCAPING DISTRICT NO. 1, PROTECTIVE

SERVICES TAX ROLL, AND SEWER USER FEE SERVICES
Staff is seeking City Council approval to extend the term for the professional services letter agreement with Harris & Associates to perform the annual administration services for Stanton Lighting and Landscaping District No. 1, which includes the preparation of the Engineer’s Report, the annual administration for the protective services tax roll and sewer user fee tax roll. The scope of work is for the next two fiscal years (Fiscal Years 2026/27 and 2027/28). Staff believes this term extension is in the best interest of the City and intends to issue a request for proposals (RFP) for a new five-year cycle of tax administration and sewer user fee services after the extension period is completed.

Harris has been providing annual administrative and support services to the City for over 16 years and utilizes their knowledge and experience to provide the City with quality services. The original letter agreement was entered into on February 20, 2024, and expires on August 10, 2025. If approved, this first amendment will extend the term of the agreement through August 10, 2027, and increase the not-to-exceed compensation amount from $34,940 to $71,970.

RECOMMENDED ACTION:

1. City Council find that the project is categorically exempt from the California City Council find that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Section 15378(b)(5) (Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment); and

3. Authorize the Executive Director/City Manager to execute the First Amendment to the existing letter agreement with Harris and Associates for the annual administration of Stanton Lighting and Landscaping District No. 1, protective services tax roll, and sewer user fee tax roll for Fiscal Years 2026-27 and 2027-28.

END OF CONSENT CALENDAR
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10. PUBLIC HEARINGS
10A. PUBLIC HEARING RELATIVE TO PLACING THE ANNUAL SEWER SERVICE

CHARGE FOR SEWER SERVICES ON THE PROPERTY TAX ROLL FOR FISCAL YEAR 2025/26
On June 10, 2025, the City held a noticed public hearing in compliance with Proposition 218 and adopted the Annual Sewer Service Charges for Fiscal Years 2025/26 through 2029/30 with Ordinance No. 1068. Council adopted new annual sewer service rates on June 10, 2025 based on the Comprehensive Sewer Utility Rate Study report that was approved by Council on March 25, 2025. These new rates are effective July 1, 2025.

The purpose of this noticed public hearing is to confirm the report prepared by the City’s consultant Harris & Associates and to seek City Council approval to request the Orange County Auditor-Controller place the Annual Service Charge on the property tax roll for Fiscal Year 2025/26. The Sewer Service Charge Report (“Report”) prepared by the Consultant identifies each parcel subject to the Annual Sewer Service Charge for Fiscal Year 2025/26 (Exhibit A of Attachment A).

RECOMMENDED ACTION:

1. City Council find that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378(b)(4) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly, or indirectly); and

2. Conduct a public hearing concerning the placement of the Annual Sewer Service Charge on the property tax roll for Fiscal Year 2025/26; and

3. Adopt Resolution No. 2025-25, directing the Orange County Auditor-Controller to place the Annual Sewer Service Charge on the property tax roll for Fiscal Year 2025/26, entitled:
“A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF STANTON,

CALIFORNIA, ESTABLISHING RATES FOR THE ANNUAL SEWER

SERVICE CHARGE FOR SEWER SERVICES FOR FISCAL YEAR
2025/26”.

11. UNFINISHED BUSINESS None.

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12. NEW BUSINESS
12A. THIRD AMENDMENT TO CITY MANAGER EMPLOYMENT AGREEMENT AND

RESOLUTION REGARDING AMENDMENT TO SALARY RATES
For consideration is the Third Amendment to the Employment Agreement between the City and Hannah Shin-Heydorn regarding the position of City Manager. If the amendment is approved, then the City Council should accordingly amend the City’s salary rates resolution.

RECOMMENDED ACTION:

1. City Council declare that the project is exempt from the California Environmental Quality Act (“CEQA”) under Section 15378(b)(2) - continuing administrative or maintenance activities, such as purchase of supplies, personnel-related actions, general policy, and procedures making, and

2. Authorize the Mayor to approve and execute the Third Amendment to Employment Agreement with Hannah Shin-Heydorn, and

3. Adopt Resolution No. 2025-29 amending the Salary Rates, entitled:
“A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF STANTON,

CALIFORNIA, REGARDING EMPLOYEE BENEFITS AND SALARY
RATES FOR ALL CLASSES OF EMPLOYMENT”.

13. ORAL COMMUNICATIONS - PUBLIC
At this time members of the public may address the City Council/Successor Agency/Stanton Housing Authority regarding any items within the subject matter jurisdiction of the City Council/Successor Agency/Stanton Housing Authority, provided that NO action may be taken on non-agenda items.
• Members of the public wishing to address the Council/Agency/Authority during Oral Communications-Public or on a particular item are requested to fill out a REQUEST TO SPEAK form and submit it to the City Clerk. Request to speak forms must be turned in prior to Oral Communications-Public.
• When the Mayor/Chairman calls you to the microphone, please state your Name, slowly and clearly, for the record. A speaker’s comments shall be limited to a three (3) minute aggregate time period on Oral Communications and Agenda Items. Speakers are then to return to their seats and no further comments will be permitted. • Remarks from those seated or standing in the back of chambers will not be permitted.

All those wishing to speak including Council/Agency/Authority and Staff need to be recognized by the Mayor/Chairman before speaking.

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14. WRITTEN COMMUNICATIONS None.

15. MAYOR/CHAIRMAN COUNCIL/AGENCY/AUTHORITY INITIATED BUSINESS 15A. COMMITTEE REPORTS/ COUNCIL/AGENCY/AUTHORITY ANNOUNCEMENTS At this time Council/Agency/Authority Members may report on items not specifically described on the agenda which are of interest to the community provided no discussion or action may be taken except to provide staff direction to report back or to place the item on a future agenda.
15B. COUNCIL/AGENCY/AUTHORITY INITIATED ITEMS FOR A FUTURE MEETING At this time Council/Agency/Authority Members may place an item on a future agenda. 15C. COUNCIL/AGENCY/AUTHORITY INITIATED ITEMS FOR A FUTURE STUDY

SESSION
At this time Council/Agency/Authority Members may place an item on a future study session agenda.

Currently Scheduled: None.

16. ITEMS FROM CITY ATTORNEY/AGENCY COUNSEL/AUTHORITY COUNSEL

17. ITEMS FROM CITY MANAGER/EXECUTIVE DIRECTOR
17A. ORANGE COUNTY FIRE AUTHORITY
At this time the Orange County Fire Authority will provide the City Council with an update on their current operations.

18. ADJOURNMENT
I hereby certify under penalty of perjury under the laws of the State of California, the foregoing agenda was posted at the Post Office, Stanton Community Services Center and City Hall, not less than 72 hours prior to the meeting. Dated this 3rd day of July, 2025. s/ Patricia A. Vazquez, City Clerk/Secretary

PARKS AND RECREATION MONTH
JULY, 2025
WHEREAS, Parks and Recreation is an integral part of communities throughout this country, including in the City of Stanton; and
WHEREAS, Parks and Recreation promotes physical, emotional, and mental health and wellness through organized and self-directed fitness, play, and activity; and
WHEREAS, Parks and Recreation supports the economic vitality of communities by partnering with local businesses and non-profits, and offering events for resident’s engagement; and WHEREAS, Parks and Recreation creates memorable experiences through youth sports and enrichment activities, teen programs, senior activities, adult fitness, free community events, and beyond; and WHEREAS, Parks and Recreation fosters social cohesiveness in communities by celebrating diversity, providing spaces to come together peacefully, modeling compassion, promoting social equity, connecting social networks, and ensuring all people have access to its benefits; and
WHEREAS, Parks and Recreation supports human development and endless learning opportunities that foster social, intellectual, physical, and emotional growth in people of all ages and abilities; and WHEREAS, Parks and Recreation strengthens community identity by providing facilities and services that reflect and celebrate community character, heritage, culture, history, aesthetics, and landscape; and WHEREAS, Parks and Recreation facilitates community problem and issue resolution by providing safe spaces to come together peacefully and serving as key points of service, helping our communities heal both physically and emotionally; and
WHEREAS, Parks and Recreation sustains and stewards our natural resources by protecting habitats and open space, connecting people to nature, and promoting the ecological function of parkland; and WHEREAS, Parks and Recreation supports safe, vibrant, attractive, progressive communities that make life better through positive alternatives offered in their recreational opportunities; and WHEREAS, Parks and Recreation remains versatile and innovative in providing vital services to communities through local, national, or global emergencies, all while adhering to guidelines set forth by governing agencies; and WHEREAS, the City of Stanton recognizes the many benefits of utilizing parks, facilities, programs, and services and celebrates the success and contributions of our Community Services Department.

NOW, THEREFORE, LET IT BE RESOLVED, that I, David J. Shawver, Mayor of the City of Stanton and on behalf of the entire City Council do hereby declare the month of July, 2025 to be PARKS AND RECREATION MONTH throughout the City of Stanton, and in doing so encourage the citizens of this community to join with me in recognizing the importance of the benefits derived from Parks and Recreation resources, access to local parks, open space, and facilities for the health, wellness, development, inspiration, and safety for all residents.

IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND AND

CAUSED TO BE AFFIXED THE SEAL OF THE CITY OF STANTON THIS 8TH DAY OF JULY, 2025.

DAVID J. SHAWVER, MAYOR
Item: 8A
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May 30, 2025 - June 12, 2025
Payments to Vendors:

Electronic Transaction Nos. $ 2,509,184.57
Check Nos. 139227-139252(C) 674,292.07
Other Electronic Transactions ACH (A) 310,642.12
Total Payments to Vendors $ 3,494,118.76
Direct Deposit Payments (B):

Payroll dated June 5, 2025 152,128.60
TOTAL PAYMENTS $ 3,646,247.36
Notes:

A = These are electronic payments processed via a file exported from the City's Finance system and uploaded to the City's bank account. The City's Finance system designates these payment transactions as "ACH". A specific transaction number is not assigned.

B = Represents the total net payroll paid through direct deposit on pay date.

C = Checks 139223-139226 were damaged
Demands listed on the attached
registers are accurate and funds
are available for payment thereof.
/s/ Hannah Shin-Heydorn /s/ Amy Massey for Sharon del Rosario

CITY OF STANTON

WARRANT REGISTER
3660-3673
conform to the City of Stanton Annual
Budget as approved by the City Council.

Demands listed on the attached registers
City Manager Finance Director
Item: 9B
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DRAFT
Special and Joint Regular Meeting – June 24, 2025 - Page 1 of 12

THESE MINUTES ARE ISSUED FOR INFORMATION ONLY AND ARE SUBJECT TO

AMENDMENT AND APPROVAL AT NEXT MEETING

MINUTES OF THE CITY COUNCIL / SUCCESSOR AGENCY / HOUSING AUTHORITY OF THE CITY OF STANTON MEETING JUNE 24, 2025

SPECIAL CITY COUNCIL / SUCCESSOR AGENCY / HOUSING AUTHORITY MEETING (5:30 PM)

JOINT REGULAR CITY COUNCIL / SUCCESSOR AGENCY / HOUSING AUTHORITY MEETING (6:30 PM)

1. CALL TO ORDER / CLOSED SESSION
The City Council / Successor Agency / Housing Authority meeting was called to order at 5:30 p.m. by Mayor / Chairman Shawver.

2. ROLL CALL

Present: Council/Agency/Authority Member Barrios, Council/Agency/Authority Member Taylor, Council/Agency/Authority Member Warren, Mayor Pro Tem/Vice Chairman Torres, and Mayor/Chairman Shawver.

Absent: None.

Excused: None.

3. PUBLIC COMMENT ON CLOSED SESSION ITEMS None.

4. CLOSED SESSION
The members of the City Council / Successor Agency / Housing Authority of the City of Stanton proceeded to closed session at 5:32 p.m. for discussion regarding:
4A. CONFERENCE WITH LEGAL COUNSEL-ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Government Code Section 54956.9(d)(2)
Number of Potential Cases: 1
4B. PUBLIC EMPLOYEE PERFORMANCE EVALUATION
(Pursuant to Government Code Section 54957.6)
Title: City Manager
Item: 9C
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DRAFT
Special and Joint Regular Meeting – June 24, 2025 - Page 2 of 12

THESE MINUTES ARE ISSUED FOR INFORMATION ONLY AND ARE SUBJECT TO

AMENDMENT AND APPROVAL AT NEXT MEETING
4C. CONFERENCE WITH LABOR NEGOTIATOR
(Pursuant to Government Code Section 54957.6)
Name of Agency Negotiator: Mayor
Unrepresented employees: City Manager
4D. PUBLIC EMPLOYEE PERFORMANCE EVALUATION
(Pursuant to Government Code Section 54957.6)
Title: City Attorney
4E. LIABILITY CLAIM PURSUANT TO GOVERNMENT CODE SECTION 54956.95 Claimants: Tina Pacific Residents Association, Daniel Dominguez, Jose Martinez, Lucia Martinez, and Silvia Jaramillo Ramirez
Agency claimed against: City of Stanton
The above-referenced claim is on file with the Office of the City Clerk and available for inspection upon request.

5. CALL TO ORDER / SUCCESSOR AGENCY / STANTON HOUSING AUTHORITY

MEETING
The City Council / Successor Agency / Housing Authority reconvened in open session at 6:48 p.m.

6. ROLL CALL

Present: Council/Agency/Authority Member Barrios, Council/Agency/Authority Member Taylor, Council/Agency/Authority Member Warren, Mayor Pro Tem/Vice Chairman Torres, and Mayor/Chairman Shawver.

Absent: None.

Excused: None.

7. PLEDGE OF ALLEGIANCE
Led by Ms. Hannah Shin-Heydorn, City Manager.

8. SPECIAL PRESENTATIONS AND AWARDS None.

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9. CONSENT CALENDAR
Motion/Second: Taylor/Torres
Motion carried by the following vote:

AYES: 5 (Barrios, Shawver, Taylor, Torres, and Warren)
NOES: None
ABSTAIN: None
ABSENT: None
Motion unanimously carried:

CONSENT CALENDAR
9A. MOTION TO APPROVE THE READING BY TITLE OF ALL ORDINANCES AND RESOLUTIONS. SAID ORDINANCES AND RESOLUTIONS THAT APPEAR ON

THE PUBLIC AGENDA SHALL BE READ BY TITLE ONLY AND FURTHER

READING WAIVED
The City Council/Agency Board/Authority Board waived reading of Ordinances and Resolutions.
9B. APPROVAL OF WARRANTS
The City Council approved demand warrants dated May 16, 2025 – May 29, 2025, in the amount of $644,568.13.
9C. APPROVAL OF MINUTES
The City Council/Successor Agency/Housing Authority approved Minutes of Joint Regular Meeting – June 10, 2025.
9D. PURCHASE OF A VEHICLE FOR CONDUCTING SENIOR TRANSPORTATION

ACTIVITIES THROUGH THE ORANGE COUNTY TRANSPORTATION

AUTHORITY (OCTA) SENIOR MOBILITY PROGRAM
The proposed action will authorize the purchase of a new ADA-compliant electric van from Model 1 Commercial Vehicles for the Community Services Department.

This vehicle will be used to transport senior residents through the City's Senior Mobility Program (SMP), funded by the Orange County Transportation Authority (OCTA).

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1. The City Council declared that the project is not subject to CEQA in accordance with Section 15061(b)(3) as the activity is covered by the general rule that CEQA applies only to projects which have the potential for causing significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA; and

2. Authorized the City Manager to execute a purchase order with Model 1 Commercial Vehicles for the procurement of one 2023 Ford E-Transit 350 ADA van; and

3. Waived the competitive procurement process since only one known supplier has been identified and approve the use of Section 4.13 under the City’s Purchasing Policy to proceed with a sole-source procurement.
9E. APPROVAL OF SECOND AMENDMENT TO PROFESSIONAL SERVICES AGREEMENT WITH JOHN L. HUNTER & ASSOCIATES. INC. TO PROVIDE

CONSULTING SERVICES RELATED TO NATIONAL POLLUTANT DISCHARGE

ELMINIATION SYSTEM (NPDES) AND FATS, OILS, AND GREASE (FOG)

PROGRAM
John L. Hunter Associates, Inc. has been providing environmental consulting services since 2007. The First Amendment to the professional services agreement will expire on June 30, 2025. If approved, this Second Amendment will allow John L.

Hunter Associates, Inc. to continue providing services through June 30, 2026, at current rates.

1. The City Council declared that this action is not a project per the California Environmental Quality Act; and

2. Approved the Second Amendment to the Professional Services Agreement with John L. Hunter & Associates and allowed the City Attorney to make minor edits as necessary prior to the execution of the Amendment; and

3. Authorized the City Manager to execute the Second Amendment to the Professional Services Agreement with John L. Hunter & Associates, Inc. 9F. PURCHASE OF TWO SOLAR-POWERED SURVEILLANCE TRAILERS At its Budget Workshop of May 27, 2025, the City Council directed staff to utilize remaining Safe Streets Together funds to purchase two additional solar-powered surveillance trailers. Staff collected three quotes and selected vendor WCCTV based on lowest price. In addition, WCCTV is part of the General Services Administration (GSA) Contract program which allows government agencies to purchase products and services utilizing pre-approved pricing, terms, and conditions.

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1. The City Council finds that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Sections 15378(b)(5) (Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment); and

2. Waived the competitive procurement process and authorized the use of cooperative purchasing through the GSA Contract program; and

3. Authorized the City Manager to approve the purchase of two solar-powered surveillance trailers in an amount totaling $49,999.99. 9G. APPROVAL OF SIXTH AMENDMENT TO PROFESSIONAL SERVICES AGREEMENT WITH HARTZOG AND CRABILL, INC. TO PROVIDE ON-CALL

TRAFFIC OPERATIONS SERVICES
Hartzog and Crabill has been providing on-call traffic operations and engineering support services since 2014, including traffic signal operations support services.

The current Agreement (Fifth Amendment) will expire on June 30, 2025. If approved, this Sixth Amendment will allow Hartzog and Crabill to continue to provide services for an additional three years through June 30, 2028 at current rates through June 30, 2027 and a 3.5% increase to hourly rates from July 1, 2027 through June 30, 2028.

1. The City Council finds that the recommended actions are exempt from CEQA per Section15378(b)(5) [Project does not include]: organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment; and

2. Approved the Sixth Amendment to the Professional Services Agreement with Hartzog and Crabill and allowed the City Attorney to make minor edits as necessary prior to the execution of the Amendment; and

3. Authorized the City Manager to execute the Sixth Amendment to the Professional Services Agreement.
9H. APPROVE THE SEWER SYSTEM MANAGEMENT PLAN UPDATE
The State Water Resources Control Board requires all agencies that own or operate a sanitary sewer system to develop and maintain a Sewer System Management Plan (SSMP) under General Order 2022-0103-DWQ, issued on December 6, 2022.

Staff retained RKA Consulting Group to update the City’s SSMP to be in compliance with the General Order and the City’s adopted Sewer Master Plan. Staff is recommending City Council adopt Resolution 2025-27 approving the SSMP and authorizing the Director of Public Works to certify the completion of the SSMP to the State Water Resources Control Board.

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1. The City Council declared this action to be categorically exempt under the California Environmental Quality Act, Section 15378(b)(5) (Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment); and

2. Adopted Resolution 2025-27 approving the Sewer System Management Plan (SSMP) and authorizing the Director of Public Works to certify the completion of the SSMP and submit the certification to the State Water Resources Control Board entitled:
“A RESOLUTION OF THE CITY COUNCIL FOR THE CITY OF

STANTON ADOPTING THE SEWER SYSTEM MANAGEMENT
PLAN”; and

3. Authorized the Public Works Director to make administrative/non-substantive revisions deemed necessary for compliance with General Order 2022-0103- DWQ.
9I. APPROVAL OF SECOND AMENDMENT TO PROFESSIONAL SERVICES

AGREEMENT WITH MSW CONSULTANTS TO PROVIDE SOLID WASTE

MANAGEMENT CONSULTING SERVICES
MSW Consultants has been providing environmental consulting services since 2021. The First Amendment to the professional services agreement will expire on June 30, 2025. If approved, this Second Amendment will allow MSW Consultants to continue providing services through June 30, 2026, at current rates.

1. The City Council declared that this action is not a project per the California Environmental Quality Act; and

2. Approved the Second Amendment to the Professional Agreement with MSW Consultants and allowed the City Attorney to make minor edits as necessary prior to the execution of the Amendment; and

3. Authorized the City Manager to execute the Second Amendment to the Professional Services Agreement with MSW Consultants.

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9J. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF STANTON

APPROVING THE ADOPTION OF THE MULTIPLE EMPLOYER OPEB/PENSION 115 TRUST ADMINISTERED BY SHUSTER ADVISORY GROUP, LLC
The City desires to withdraw from participating in the PARS Public Agencies PostEmployment Benefits Trust Program, all services, administration, and investment contracts with PARS and US Bank, N.A. and adopt a Multiple Employer OPEB/Pension 115 Trust, transitioning the current Section 115 Trust account used for pre-funding pension obligations from the Public Agencies Post-Employment Benefits Trust to the City of Stanton Pension Stabilization Trust Account under the administration of Shuster Advisory Group, LLC. The proposed Resolution presented as Attachment A provides the authority to accomplish this, including the appointment of Alta Trust as successor Trustee, the appointment of Charles Schwab Trust Bank as custodian of the Trust’s assets, and the liquidation and transfer of all assets held in the PARS Section 115 Trust to Charles Schwab Trust Bank contingent upon acceptance of those appointments. Finally, the proposed Resolution authorizes the appointment of the City Manager as the City’s Administrator for the newlyestablished Trust.

1. The City Council finds that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Sections 15378(b)(5)(Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment); and

2. Adopted Resolution No. 2025-26, entitled:
“RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

STANTON APPROVING THE ADOPTION OF THE MULTIPLE
EMPLOYER OPEB/PENSION 115 TRUST ADMINISTERED BY
SHUSTER ADVISORY GROUP, LLC”; and

3. The Authorized the City Manager to execute agreements, liquidate and transfer assets, make appointments and take any other steps necessary to carry out the directives of the City Council as set forth in the proposed Resolution; and

4. Rescinded and terminated the City's participation in the PARS Section 115 Trust previously authorized under City Council Resolution No. 2017-03 and authorized the City Manager to execute any necessary documentation to dissolve the City’s account under that Trust.

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9K. APPROVAL OF A PROFESSIONAL SERVICES AGREEMENT FOR RETAIL

MARKET ANALYSIS AND RETAIL RECRUITMENT SERVICES
At its Budget Workshop on May 27, 2025, the City Council directed staff to procure professional economic development consulting services for retail market analysis and retail recruitment services. The City Council will consider approving a professional services agreement with The Retail Coach (“Retail Coach”) for retail market analysis and retail recruitment services.

2. Waived the competitive procurement process and authorized the use of cooperative purchasing per the City’s Purchasing and Contracting Guidelines; and

3. Authorized the City Manager to enter into an agreement with The Retail Coach to provide retail market analysis and retail recruitment services for an initial term from July 1, 2025 – June 30, 2026, with up to two additional two-year term extensions, in a form approved by the City Attorney.

END OF CONSENT CALENDAR

10. PUBLIC HEARINGS None.

11. UNFINISHED BUSINESS None.

12. NEW BUSINESS
12A. CONSIDERATION OF POLICY DEVELOPMENT FOR NAMING AND RENAMING

CITY-OWNED PARKS AND PUBLIC FACILITIES
At the January 14, 2025 City Council meeting, Council Member Warren requested to agendize an item related to naming and renaming City-owned parks and public facilities. At its meeting of January 28, 2025, the City Council received consensus and directed staff to proceed with preparation of a staff report. Tonight’s item seeks Council feedback on essential policy elements to guide the development of a formal Naming and Renaming Policy. Staff will use this input to prepare a draft policy for consideration at a future meeting.

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Staff report by Ms. Zenia Bobadilla, Community Services Director.

Motion/Second: Shawver/Taylor
Motion carried by the following vote:

AYES: 5 (Barrios, Shawver, Taylor, Torres, and Warren)
NOES: None
ABSTAIN: None
ABSENT: None
Motion unanimously carried:

2. The City Council directed staff to develop a formal policy for the naming and renaming of City-owned parks and public facilities and to bring this item back for City Council review at a future City Council meeting.
12B. RESOLUTION NO. 2025-28, CONCERNING (1) ADOPTION OF A MITIGATED

NEGATIVE DECLARATION AND A MITIGATION MONITORING AND

REPORTING PROGRAM FOR THE NORM ROSS SPORTS PARK

IMPROVEMENT PROJECT PURSUANT TO THE CALIFORNIA
ENVIRONMENTAL QUALITY ACT; (2) APPROVAL OF THE JOINT USE LEASE

AGREEMENT BETWEEN THE CITY OF STANTON AND THE GARDEN GROVE

UNIFIED SCHOOL DISTRICT FOR THE NORM ROSS SPORTS PARK
IMPROVEMENT PROJECT; AND (3) APPROVAL OF THE CONCEPTUAL SITE

PLAN FOR THE NORM ROSS SPORTS PARK IMPROVEMENT PROJECT
The City of Stanton seeks (1) City Council adoption of a Mitigated Negative Declaration and Mitigation Monitoring and Reporting Program for the Norm Ross Sports Park Improvement Project pursuant to the California Environmental Quality Act; (2) approval of a Joint Use Lease Agreement with the Garden Grove Unified School District to facilitate the Project, a community recreational development funded by California State Grant Funds; and (3) approval of the conceptual site plan for the Project.

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Staff report by Ms. Zenia Bobadilla, Community Services Director.

Motion/Second: Warren/Torres
ROLL CALL VOTE: Council Member Barrios AYE
Council Member Taylor AYE
Council Member Warren AYE
Mayor Pro Tem Torres AYE
Mayor Shawver AYE
Motion unanimously carried:

1. The City Council adopted the Mitigated Negative Declaration and Mitigation Monitoring and Reporting Program for the Project pursuant to the California Environmental Quality Act; and

2. Adopted Resolution No. 2025-28, entitled:
“A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
STANTON, CALIFORNIA, (1) ADOPTING A MITIGATED NEGATIVE

DECLARATION AND A MITIGATION MONITORING AND

REPORTING PROGRAM FOR THE NORM ROSS SPORTS PARK

IMPROVEMENT PROJECT PURSUANT TO THE CALIFORNIA
ENVIRONMENTAL QUALITY ACT; (2) APPROVING THE JOINT

USE LEASE AGREEMENT BETWEEN THE CITY OF STANTON

AND THE GARDEN GROVE UNIFIED SCHOOL DISTRICT FOR
THE NORM ROSS SPORTS PARK IMPROVEMENT PROJECT;
AND (3) APPROVING CONCEPTUAL SITE PLAN FOR THE NORM
ROSS SPORTS PARK IMPROVEMENT PROJECT”; and

3. Approved the Joint Use Lease Agreement between the City of Stanton and the Garden Grove Unified School District for the Norm Ross Sports Park Improvement Project; and

4. Authorized the City Manager to execute the Joint Use Lease Agreement and any related documents necessary for its implementation; and

5. Approved the conceptual site plan for the Project.

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13. ORAL COMMUNICATIONS – PUBLIC
Mr. Doug Makino, resident, submitted a written public comment regarding his gratitude to the City Clerk for her continued efforts in completing the troubleshooting of the City’s new council chambers audio system and expressed the importance for the City to have a modern system that works well and is key in improving and maintaining both accessibility and transparency for the people of the City.

14. WRITTEN COMMUNICATIONS None.

15. MAYOR/CHAIRMAN/COUNCIL/AGENCY/AUTHORITY INITIATED BUSINESS 15A. COMMITTEE REPORTS/COUNCIL/AGENCY/AUTHORITY ANNOUNCEMENTS None.
15B. COUNCIL/AGENCY/AUTHORITY INITIATED ITEMS FOR A FUTURE COUNCIL

MEETING
None.
15C. COUNCIL/AGENCY/AUTHORITY INITIATED ITEMS FOR A FUTURE STUDY

SESSION
None.

16. ITEMS FROM CITY ATTORNEY/AGENCY COUNSEL/AUTHORITY COUNSEL None.

17. ITEMS FROM CITY MANAGER/EXECUTIVE DIRECTOR
• Ms. Hannah Shin-Heydorn, City Manager, reported on the City’s upcoming State of the City event, which is scheduled to be held on June 26, 2025, beginning at 6:00 PM at Stanton Central Park.
• Ms. Hannah Shin-Heydorn, City Manager, introduced to the City Council and Community the City’s new Finance Director, Ms. Sharon del Rosario. o Ms. Sharon del Rosario provided a brief introduction about herself to the City Council.

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17A. ORANGE COUNTY SHERIFF’S DEPARTMENT
At this time the Orange County Sheriff’s Department will provide the City Council with an update on their current operations.
• Captain Ryan C. Pierce provided the City Council with an update on their current operations.
• Captain Ryan C. Pierce, introduced to the City Council and Community the City’s new Administrative Sergeant, Sergeant Matt Anderson.
o Sergeant Matt Anderson provided a brief introduction about himself to the City Council.

18. ADJOURNMENT Motion/Second: Shawver/
Motion carried at 7:44 p.m.
________________________________

MAYOR/CHAIRMAN
ATTEST:
________________________________

CITY CLERK/SECRETARY
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MINUTES OF THE CITY COUNCIL OF THE CITY OF STANTON
SPECIAL MEETING JUNE 26, 2025
10660 WESTERN AVENUE, STANTON, CA (STANTON CENTRAL PARK)

1. CLOSED SESSION None.

2. CALL TO ORDER
The City Council meeting was called to order at 6:00 p.m. by Mayor Pro Tem Torres.

3. PLEDGE OF ALLEGIANCE None.

4. ROLL CALL

Present: Council Member Barrios, Council Member Taylor, Council Member Warren, and Mayor Pro Tem Torres.

Absent: None.

Excused: Mayor Shawver.

SPECIAL ORDERS OF THE DAY

5. NEW BUSINESS
Mayor Shawver arrived at 7:35 p.m.
5A. STATE OF THE CITY 2025
The City of Stanton will hold its annual State of the City address, during which the City Council and members of City staff will provide updates on key initiatives, community development, and the future of Stanton. The event is open to the public, and all residents are welcome to attend.

The City Council received and filed the reports.

6. ADJOURNMENT Motion/Second: Shawver/
Motion carried at 8:30 p.m.
_______________________________________
MAYOR
ATTEST:
_______________________________________

CITY CLERK
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1 CITY OF STANTON

REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: July 8, 2025
SUBJECT: CITY SPONSORSHIP REQUEST – SAINT POLYCARP ANNUAL FIESTA REPORT IN BRIEF:

Per the City’s Sponsorship Program, Saint Polycarp is requesting co-sponsorship of the St. Polycarp Family Fiesta scheduled for September 19-21, 2025.

RECOMMENDED ACTION:

1. City Council declare this project to be categorically exempt under the California Environmental Quality Act, Class 1, Section 15301c; and

2. Determine the status of the Saint Polycarp Fiesta sponsorship request.

BACKGROUND:

At its meeting on August 23, 2022, the Council approved a City Administrative Policy for a City Sponsorship Program. The policy sets forth guidelines and criteria governing the granting of City funds or in-kind services for the purpose of supporting local festivals, special events, community projects or programs.

The goals and objectives of the approved City Sponsorship Program are as follows:
• Promote the City as a desirable place to live, visit and do business. • Promote the City as a visitor destination and/or bring tourism-associated revenue to the City.
• Enhance the quality of life and well-being of the citizenry. • Advance the City’s commitment to and pride in being a multicultural community. • Encourage the development of neighborhood identity and pride.

Item: 9D
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2 The City Sponsorship Program includes general requirements, eligibility criteria, and conditions outlined in the policy. As part of the approved policy, the City Council directed staff to bring all sponsorship requests for consideration until further notice to evaluate the impact on City resources. The City Council also outlined that if sponsorships are in-kind, the value of the in-kind items may not equal more than 25% of the program/event budget, up to a maximum of $1,000.

ANALYSIS/JUSTIFICATION:

Saint Polycarp Catholic Church, located at 8100 Chapman Avenue in the City of Stanton, is scheduled to host a family festival on the weekend of September 19, 20, and 21, 2025.

The request solicits the following support for the event:

1. Coordination with the City of Garden Grove for their show mobile, at no cost to the City.

2. Waiver of the Special Event Permit Fee.

3. Waiver of the Temporary Sign Permit Fee.

4. Use of the City BBQ.

The sponsorship request states that it is less than 25% of the entire event budget. The total in-kind value is outlined below:

Staff-Time for Coordination 1 hour total $40
Special Event Permit Fee $180 (flat rate) $180
Temporary Sign Fee $155 (flat) $155
BBQ Rental $100 (flat) $100
Total $475
Staff found that all required criteria have been met, including the provision of documentation for nonprofit status in the form of an IRS determination letter.

FISCAL IMPACT:

There is no fiscal impact associated with the recommended action. This is the first sponsorship request reviewed by the Council for Fiscal Year 2025-26. 3 ENVIRONMENTAL IMPACT:

None.

LEGAL REVIEW:

None.

PUBLIC NOTIFICATION:

Public notice for this item was made through the regular agenda process.

STRATEGIC GOALS:

Goal 4. Ensure fiscal stability.

Goal 5. Maintain and promote a responsive, high-quality and transparent government.

Prepared by: Zenia Bobadilla, Community Services Director Approved by: Hannah Shin-Heydorn, City Manager

CITY OF STANTON

REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: July 8, 2025
SUBJECT: CONTINUANCE OF THE PROCLAMATION OF THE EXISTENCE OF A

LOCAL EMERGENCY CAUSED BY HOMELESSNESS CRISIS
REPORT IN BRIEF:

At its meeting of November 26, 2024, the City Council adopted a resolution proclaiming the existence of a local emergency. Based on the continuing impacts of homelessness on public health and safety within the City of Stanton, the City Council’s proclamation of the existence of a local emergency will continue until further notice.

RECOMMENDED ACTION:

2. Receive and file the report.

BACKGROUND AND ANALYSIS:

The City has seen an increase in its homeless population since 2019, despite significant allocation of resources and funds to combat homelessness in the City. This increase has been coupled with an increase in health and safety concerns, such as an increase in criminal activity, open-air drug use (fentanyl in particular), open fires, obscene/lewd acts in public, increase in vectors, and public defecation; individuals sleeping, camping, and storing personal property in a manner that obstructs access to the public right-of-way; interruption in the enjoyment and access to public facilities equally by all residents; and death, illness, injury and poor living conditions for those unable to find housing. In response to public health and safety concerns, at its meeting of November 26, 2024, the City Council adopted a resolution proclaiming the existence of a local emergency caused by the homelessness crisis (Attachment A).

Item: 9E
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Based on the continuing impacts of homelessness on public health and safety within the City of Stanton, and pursuant to the City’s police power, the City Council’s proclamation of the existence of a local emergency will continue until further notice. The City Council previously reviewed the proclamation at its meetings of January 14, 2025, March 11, 2025, and June 10, 2025.
• For the month of May 2025, City staff had at least 131 encounters with homeless individuals. Regarding offers of placement in shelters, out of 111 actions, 84% (93) resulted in homeless individuals declining shelter. The City continues to get numerous calls of concern and complaints from the following hotspot locations:
o Beach Blvd. and Chapman
o Beach Blvd. and Lampson
o Beach Blvd. and the Dale Flood Control Channel
o Cerritos and Western
o Stanton Park
o Tina Pacific
• On February 5, 2025, at approximately 12:22 a.m. there was a call for service to the Orange County Fire Authority regarding a fire at Tina Pacific. Crews responded and discovered a fire in two vacant units of a partially occupied four-plex.

Thankfully, there were no civilian or firefighter injuries. The two legitimate tenants were displaced by the fire as the four-plex was red-tagged. The four-plex was ultimately demolished.
• City staff continue to receive numerous calls regarding homeless individuals engaging in open-air drug use in front of multi-family housing units and commercial plazas.

FISCAL IMPACT:

The fiscal impact of declaring a local emergency is unknown at this time but it confers the powers required to provide an immediate, necessary response to the City’s homelessness crisis to protect all City residents and businesses.

ENVIRONMENTAL IMPACT:

The proposed actions are not subject to the California Environmental Quality Act (“Public Resources Code section 21000 et seq.) (“CEQA”) because they do not qualify as a “project” under CEQA. Section 15378 explicitly excludes from its definition of “project” the “organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment.” (State CEQA Guidelines, § 15378(b)(5).) This action would declare a continuing local emergency under the Stanton Municipal Code and continue to empower the director and assistant director of emergency services to direct the emergency organization of the City in response to the homeless crisis. This action is considered administrative because it will not result in a physical change in the environment, and therefore is not subject to CEQA.

Moreover, the action will not result in a direct or reasonably foreseeable physical change in the environment, and the activity is covered by the general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment.

PUBLIC NOTIFICATION:

Notification and advertisement were performed as prescribed by law.

STRATEGIC GOALS:

Goal 1. Provide a safe community.

Goal 2. Promote a strong local economy.

Goal 5. Maintain and promote a responsive, high quality and transparent government.

Prepared by: Hannah Shin-Heydorn, City Manager
Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENT:

A. Staff report from November 26, 2024, entitled, “Resolution finding and declaring a local emergency caused by homelessness crisis”.

CITY OF STANTON

REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: November 26, 2024
SUBJECT: RESOLUTION FINDING AND DECLARING A LOCAL EMERGENCY

CAUSED BY HOMELESSNESS CRISIS
REPORT IN BRIEF:

Declaring a local emergency under the Stanton Municipal Code and the Government Code will provide the City Manager with additional powers as Director of Emergency Services in order to take necessary steps to address the homelessness crisis.

RECOMMENDED ACTIONS:

1. City Council declare the action to not be subject to CEQA pursuant to State CEQA Guidelines, section 15378(b)(5).); and

2. Adopt proposed Resolution No. 2024-40, entitled:
“RESOLUTION OF THE CITY COUNCIL OF THE CITY OF STANTON,

CALIFORNIA, PROCLAIMING THE EXISTENCE OF A LOCAL

EMERGENCY CAUSED BY CONDITIONS AND THREATENED

CONDITIONS OF HOMELESSNESS WITHIN THE CITY OF STANTON,

WHICH IF NOT CORRECTED, CONSTITUTES AN IMMINENT AND

PROXIMATE THREAT TO THE SAFETY OF PERSONS AND PROPERTY
IN THE CITY”.

Attachment: A
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BACKGROUND:

Like many other regions in California, the City of Stanton (“City”) has seen a rapid and troubling growth in homelessness in the City. The COVID-19 pandemic exacerbated this circumstance, which has been difficult to address given the high cost of housing and shortage of emergency, transitional, and affordable housing across the State.

The City’s Investments in Combating the Homelessness Crisis:

Independently, and in conjunction with the State’s directives to combat homelessness and address the housing crisis, the City has made significant investments in assisting its unhoused community. Additionally, the City is a member of the North Service Planning Area (“North SPA”), an organization of 14 cities in Orange County established in 2019 to combat homelessness in the region. The City’s investments include, but are not limited to the following activities, representing funding of over $15 million since 2017:
• Funding two full-time and one part-time Homeless Outreach Coordinator positions at the City, for a total cost since 2017 of just over $2 million; • Funding and welcoming three Project Homekey permanent supportive housing projects to the City, totaling 153 units, and connecting unhoused residents throughout the region to those units. The City’s contribution across the Project Homekey sites was $6 million, and was the first city in the State to open three sites in their jurisdiction;
• Funding two navigation centers in Buena Park and Placentia to provide safe and secure shelter housing as well as providing comprehensive programs and services. The City’s contribution to the centers during the first five years of operation has been approximately $660,000, and the City’s financial commitment in the next five years is estimated to be $2.5 million based on increased maintenance and operational costs;
• Funding the regional Homeless Outreach and Proactive Engagement (“HOPE”) Center of Orange County in the amount of $5 million and serving as their fiscal agent;
• Having the City Manager serve on the Board of the North SPA Collaborative; • Partnering with Illumination Foundation to expand shelter access in the region. The Illumination Foundation is an Orange County-based 501(c)(3) nonprofit dedicated to providing comprehensive services for the most vulnerable homeless population; • Providing bridge housing opportunities since 2020 at just over $150,000; • Providing transportation services; and
• Providing document retrieval assistance and funding to recover important documents, to connect homeless people with resources and employment.

Additionally, the City’s law enforcement and Public Safety staff spend a disproportionate amount of time and resources addressing the City’s homelessness crisis. This causes the City’s Public Safety staff to work overtime, increasing personnel costs to the City, and exacerbating delays in addressing other public safety matters. The City’s Public Safety Department collectively devotes one-third of their time on issues related to homelessness.

The City’s Homeless Population Increase Over Time, Despite Significant Investments Despite these significant efforts, the City’s homeless population has exponentially increased since 2019. According to the County’s 2024 Point in Time Count, the City has experienced a 138 percent increase in its unsheltered population from 2019 to 2024, and a 78 percent total increase in its homeless population (including both sheltered and unsheltered individuals). (See https://ceo.ocgov.com/sites/ceo/files/2024- 05/2024%20PIT%20Summary%20-%20FINAL%205.16.24.pdf.)
Table 1. City of Stanton Point in Time Homeless Count
2019 to 2024
In contrast, the County of Orange has experienced a much smaller 7 percent increase in its homeless population since 2019, and the North SPA has experienced a 17 percent increase in its homeless population since 2019.

Table 2. % Increase in Total Homelessness
2019 to 2024
The City’s homeless population ranks as the fifth largest homeless population within the North SPA even though, geographically, it is one of smallest cities within the area at only

3.1 square miles. Only significantly larger North SPA cities (Anaheim, Fullerton, Buena Park, and Orange) have a higher homeless count. Among all 34 Orange County cities, the City’s homeless population ranks as the 11th largest.

While the City has been able to successfully refer a small number of homeless individuals to the North SPA navigation centers in the Cities of Buena Park and Placentia, those centers are now at capacity. In 2024, the City has only been able to successfully refer 18 people to the two navigation centers for assistance. County-wide, only 1 out of every 12 homeless individuals are successfully connected to housing.

Additionally, many homeless individuals also struggle with substance use disorder and serious mental illness. These are in addition to other challenges that the City is not equipped to support without the combined forces of other political subdivisions to combat, such as Orange County Behavioral Health Services, and state and federal agencies.1 The graphic, below, gives a snapshot of just some the challenges that homeless adults in Orange County face.
1 2024 Point In Time Summary, County of Orange.

Table 3. Disabling Conditions Impacting Homeless Individuals These difficulties are exacerbated by the nationwide fentanyl crisis. According to a 2024 Orange County Sheriff’s Department report2, the leading cause of death among people experiencing homelessness is accidental, with the vast majority of accidental deaths caused by drug use with fentanyl. These numbers have increased steadily since 2018. In 2021, 7 out of 8 deaths among people experiencing homelessness in Stanton were accidental.3 From 2021 to 2022, the number of deaths among people experiencing homelessness in Stanton rose by 150 percent, from 8 reported deaths to 12.4 2 Report on 2022 Orange County Homeless Deaths, Sheriff-Coroner Homeless Death Review Committee. Orange County Sheriff’s Department. The report may be found at: https://www.ocsheriff.gov/sites/ocsd/files/2024- 04/2022%20Homeless%20Death%20Review%20Committee%20Report.pdf 3 Report on 2021 Orange County Homeless Deaths, Sheriff-Coroner Homeless Death Review Committee. Orange County Sheriff’s Department. The report may be found at: https://www.ocsheriff.gov/sites/ocsd/files/2023- 02/Homeless%20Death%20Review%20paper_FINAL.pdf
4 Report on 2022 Orange County Homeless Deaths, Sheriff-Coroner Homeless Death Review Committee. Orange County Sheriff’s Department.

The City must create multiple paths to address a complex and growing homelessness crisis. Like many California cities, Stanton has a continuing need for affordable, permanent housing, along with shelters and interim housing to be developed quickly to better transition people off the streets. The City also needs additional assistance from County, State, and federal agencies to address complex health and safety issues beyond the scope of its current staff and resources. Moreover, the City needs increased ability and resources to hire or contract critical roles, including candidates with specific expertise necessary to provide a critical response to the City’s homelessness crisis.

Declaring a local emergency would provide the City with greater flexibility, increased ability, and streamlined systems to address the City’s homelessness crisis with necessary urgency.

ANALYSIS/JUSTIFICATION:

Chapter 2.64 of the Stanton Municipal Code, “Emergency Organization and Functions,” allows the City Council to declare a local emergency on its own accord or at the request of the City Manager to provide for (1) the preparation and carrying out of plans for the protection of persons and property within the city in the event of an emergency; (2) the direction of the emergency organization; and (3) the coordination of the emergency functions of this city with all other public agencies, corporations, organizations, and affected private persons.

A “local emergency,” as defined under Section 2.64.020, means the actual or threatened existence of conditions of disaster or of extreme peril to the safety of persons and property within this city caused by such conditions as air pollution, fire, flood, storm, epidemic, riot, or earthquake, or other conditions which are or are likely to be beyond the control of the services, personnel, equipment, and facilities of the City, requiring the combined forces of other political subdivisions to combat.

When a “local emergency” is declared by the City Council, the City Manager, as Director of Emergency Services or the City, is granted additional power and authority related to the City’s response to the local emergency. The City Manager is empowered to:
• Control and direct the effort of the emergency organization of the City for the accomplishment of addressing the local emergency;
• Direct cooperation between and coordination of services and staff of the emergency organization of the City;
• Represent the City in all dealings with public or private agencies on matters pertaining to emergencies as defined in this chapter;
• Make and issue rules and regulations on matters reasonably related to the protection of life and property as affected by such emergency; provided, however, such rules and regulations must be confirmed at the earliest practical time by the City Council;
• Obtain vital supplies, equipment, and such other properties found lacking and needed for the protection of life and property on behalf of the City, and, if required immediately, to commandeer the same for public use;
• Require emergency services of any city officer or employee and to command the aid of as many citizens of this community as he/she deems necessary in the execution of his/her duties; such persons shall be entitled to all privileges, benefits, and immunities as are provided by state law for registered disaster service workers;
• Requisition necessary personnel or material of any city department or agency; • Execute all existing authority as City Manager and all special power conferred upon him/her by the City Council, by resolution, ordinance, or emergency plan; • Appoint an Assistant Director of Emergency Services, who shall, under the supervision of the Director and with the assistance of emergency service chiefs, develop emergency plans and manage the emergency programs of the City; and shall have such other powers and duties as may be assigned by the Director.

Additionally, the City Disaster Council is empowered to develop and recommend for approval to the City Council emergency and mutual aid plans and agreements, and any ordinances, resolutions, rules, and regulations necessary to implement such plans and agreements. The Disaster Council is comprised of the Mayor, City Manager, Assistant Director of Emergency Services, Chiefs of Emergency Services, and others appointed by the Director with the advice and consent of the City Council.

By declaring a local emergency, the City Manager, Disaster Council, and City Council will be able to provide an immediate, necessary response to the City’s homelessness crisis to protect all City residents. The City’s normal hiring and contracting processes may be expedited, and the City will be able to immediately allocate necessary resources and personnel to take emergency action.

In accordance with California Government Code, Section 8630(c), the emergency declaration requires the City Council to review the need for continuing the local emergency at least every 60 days until the City Council terminates the local emergency.

FISCAL IMPACT:

The report details over $15 million in funding that has been allocated to address issues related to homelessness, including outreach services, since 2017. This fiscal impact reflects those categories of expenditures that are easily tracked and coded to homelessness efforts and initiatives. The true amount the City has expended over the years to address issues related to homelessness would be significantly larger if all personnel activities and efforts were meticulously allocated.

ENVIRONMENTAL IMPACT:

The proposed actions are not subject to the California Environmental Quality Act (“Public Resources Code section 21000 et seq.) (“CEQA”) because they do not qualify as a “project” under CEQA. Section 15378 explicitly excludes from its definition of “project” the “organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment.” (State CEQA Guidelines, § 15378(b)(5).) This action would declare a local emergency under the Stanton Municipal Code and empower the director and assistant director of emergency services to direct the emergency organization of the City in response to the homeless crisis. This action is considered administrative because it will not result in a physical change in the environment, and therefore is not subject to CEQA.

Any permit that may be issued will be subject to its own CEQA analysis.

PUBLIC NOTIFICATION:

Notification and advertisement were performed as prescribed by law.

STRATEGIC PLAN OBJECTIVES ADDRESSED:

Obj. No. 1: Provie a safe community.

Obj. No. 2: Promote a strong local economy.

Obj. No. 5: Provide a high quality of life.

Obj. No. 6: Maintain and promote a responsive, high quality and transparent government.

Prepared by: Hannah Shin-Heydorn, City Manager
Reviewed by: James Wren, Director of Public Safety Services Reviewed by: HongDao Nguyen, City Attorney
Approved by: Hannah Shin-Heydorn, City Manager
Attachment:

A. Proposed Resolution No. 2024-40
Attachment “A”
RESOLUTION NO. 2024-40

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF STANTON, CALIFORNIA,

PROCLAIMING THE EXISTENCE OF A LOCAL EMERGENCY CAUSED BY

CONDITIONS AND THREATENED CONDITIONS OF HOMELESSNESS WITHIN THE

CITY OF STANTON, WHICH IF NOT CORRECTED, CONSTITUTES AN IMMINENT

AND PROXIMATE THREAT TO THE SAFETY OF PERSONS AND PROPERTY IN THE CITY

THE CITY COUNCIL OF THE CITY OF STANTON DOES HEREBY RESOLVE AS FOLLOWS:

WHEREAS, the City of Stanton “City” is a municipal corporation, duly organized under the constitution and laws of the State of California; and WHEREAS, California Government Code 8630, et seq., and Chapter 2.64 of Title 2 of the Stanton Municipal Code provide that the Stanton City Council (“City Council”) may proclaim local emergencies; and
WHEREAS, like many other regions in California, the City has seen a rapid and troubling growth in the homeless population of the City, a condition that has been difficult to address given the traditionally high cost of housing and property in the region, and the historic shortage of emergency, transitional, and affordable housing across the state; and WHEREAS, Executive Order N-1-24, signed by Governor Gavin Newsom on July 24, 2024, acknowledged the dire state of the homelessness crisis in California and ordered state agencies and departments to address encampments on state property. Moreover, the Executive Order ordered that local governments are encouraged to use all available resources and infrastructure, to take action with the urgency this crisis demands to humanely remove encampments from public spaces, prioritizing those encampments that most threaten the life, health, and safety of those in and around them; and WHEREAS, independently and in conjunction with the State’s directives to combat homelessness and address the housing crisis, the City has made significant investments in assisting its unhoused community. These investments include, but are not limited to:
creating and funding additional staff positions dedicated to homelessness outreach, funding and participating in regional outreach and navigation centers, expanding transportation services and shelter access in the region, and funding and welcoming three Project Homekey permanent supportive housing projects to the City totaling 153 units; and
WHEREAS, according to the City’s 2024 Point in Time Count, the City has experienced a 138 percent increase in its unsheltered population from 2019 to 2024, and a 78 percent total increase in its homeless population (including both sheltered and unsheltered individuals), despite the City’s significant investments in combating homelessness and assisting the unhoused community. In contrast, Orange County has experienced only a 7 percent increase in its homeless population since 2019, and surrounding cities have experienced significantly less homeless population growth; and WHEREAS, despite the City’s efforts to connect homeless individuals with regional assistance centers, the City has only been able to refer 18 people in the last 10 months to the regional Navigation Centers in Buena Park and Placentia due to overpopulation; and
WHEREAS, regional data shows that a significant percentage of unsheltered homeless individuals also suffer disproportionately from complex health issues, such as substance use disorder, serious mental illness, and physical disability, and require assistance from the City, Orange County Behavioral Health Services, and other local, state, and federal health agencies and nonprofit organizations to provide the necessary public services; and WHEREAS, the homelessness crisis confronting the City has grown both incrementally and exponentially, leading to death, illness, injury, and poor living conditions. According to the Orange County Sheriff’s Department Report of 2022 Orange County Homeless Deaths, 65 percent of deaths among people experiencing homelessness were caused by accidents, and the leading cause of accidental deaths is drug use with fentanyl. This is compared to 2019, when 46 percent of deaths among people experiencing homelessness were caused by accidents, and 2020, when 54 percent of deaths among people experiencing homelessness were caused by accidents, and 2021, when 59 percent of deaths among people experiencing homelessness were caused by accidents. Between 2021 and 2022, the number of deaths among people experiencing homelessness in Stanton has risen by 150 percent; and
WHEREAS, the displacement of the number of people living on the streets of the City today is a daily recurring emergency, constituting the actual or threatened existence of conditions of disaster or of extreme peril to the safety of persons and property in the City which are beyond the control of the services, personnel, equipment, and facilities of this city, and requires the combined forces of other political subdivisions to combat; and WHEREAS, notwithstanding the City’s continued commitment to addressing the homelessness crisis, including dedication of funding and investments into homelessness solutions, programs, and initiatives, an emergency declaration is necessary to mobilize resources, faster and with urgency, for the public health, welfare, and safety of all; and WHEREAS, the City’s ability to mobilize local resources, coordinate interagency response, accelerate procurement of housing units, use mutual aid, and seek assistance and potential reimbursement by the State and Federal governments will be critical to successfully responding to this homelessness crisis; and WHEREAS, during the pendency of the existence of a local emergency, the City Council shall retain its full authority to consider a variety of City ordinances to codify the measures necessary to address this homelessness crisis; and
WHEREAS, the benefits of this emergency declaration, coupled with past and future actions by the City Council to address the homelessness crisis, will help ensure that this local emergency will be of a temporary nature.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF STANTON, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:

SECTION 1: That the foregoing Recitals are true and correct and are incorporated herein by this reference.

SECTION 2: The City Council finds this Resolution is exempt from the California Environmental Quality Act (“CEQA”) pursuant to State CEQA Guidelines Section 15061(b)(3) in that the Resolution is not anticipated to result in a direct or reasonably foreseeable indirect physical change in the environment, nor will the Resolution have the potential for causing a significant effect on the environment. Additionally, the City Council finds that the proposed Resolution is not a “project” under State CEQA Guidelines Section 15378(b)(5), which excludes the “organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment,” as the Resolution is not anticipated to result in a direct or indirect physical change in the environment.

SECTION 3: Pursuant to California Government Code Section 8630 and Stanton Municipal Code sections 2.64.020 and 2.64.060(A)(1), the City Council hereby finds and proclaims the existence of a local emergency caused by conditions or threatened conditions of homelessness in Stanton, which, if not corrected, constitutes a threat to the safety of persons and property within the territorial limits of the City beyond the control of the services, personnel equipment, and facilities of the City, requiring the combined forces of other political subdivisions to combat.

SECTION 4: During the continued threatened existence and actual existence of the local emergency, the powers, functions and duties of the City Manager, as the Director of Emergency Services, the Assistant Director of Emergency Services, to be appointed by the Director, the Disaster Council of the City, and the emergency organization of the City shall be those prescribed by state law, by ordinances and resolutions of the City and approved by the City Council.

SECTION 5: The City Manager, as the Director of Emergency Services, is hereby authorized to furnish information, to enter into agreements, including, but not limited to, applications and agreements for grant funding, and to take all actions necessary to obtain emergency assistance from State and federal agencies to implement preventive measures to protect and preserve the City within the scope of the local emergency hereby declared, pursuant to the powers and duties prescribed under Chapter 2.64 of the Stanton Municipal Code. Pursuant to Section 2.64.090 of the Stanton Municipal Code, any expenditures made in connection with emergency activities, including mutual aid activities, shall be deemed conclusively to be for the direct protection and benefit of the inhabitants and property of the City.

SECTION 6: City staff are hereby directed to provide the City Council with a report of actions taken under this Resolution at the next practicable opportunity, and no less than on a monthly basis.

SECTION 7: The City shall coordinate its efforts to address this proclaimed emergency with the other local jurisdictions, the County of Orange, the State of California, and the federal government.

SECTION 8: Executive Order N-1-24, signed by Governor Gavin Newsom on July 24, 2024, acknowledged the dire state of the homelessness crisis in California and directed resources to state agencies and departments to address encampments. The City Council requests the Governor to proclaim a "state of emergency" to combat homelessness and direct resources to support the efforts of major cities in the State of California to address the problem, in furtherance and consistent with Executive Order N-1-24.

SECTION 9: This Proclamation of Emergency shall sunset on December 31, 2025, subject to being renewed. The setting of a specific time frame allows for actions to be taken to make permanent, necessary structural changes. Pursuant to California Government Code Section 8630, the City Council shall, by minute action, review the need for continuing the local emergency at least once every 60 days until it terminates the local emergency.

SECTION 10: Pursuant to Government Code section 3100, in protection of the health and safety and preservation of the lives and property of the people from emergencies which result in conditions of extreme peril to life, property and resources, all public employees are hereby declared disaster service workers subject to such disaster service activities as may be assigned to them by their superiors or by law.

SECTION 11: Severability. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications, and to this end the provisions of this Resolution are declared to be severable.

SECTION 12: Effective Date. This Resolution shall become effective immediately. The City clerk shall attest and certify to the passage and adoption thereof.

PASSED, APPROVED, AND ADOPTED this 26th day of November, 2024. __________________________
DAVID J. SHAWVER, MAYOR
APPROVED AS TO FORM:
_____________________________________

HONGDAO NGUYEN, CITY ATTORNEY
ATTEST:

I, Patricia A. Vazquez, City Clerk of the City of Stanton, California DO HEREBY CERTIFY that the foregoing Resolution, being Resolution No. 2024-40 has been duly signed by the Mayor and attested by the City Clerk, all at a regular meeting of the Stanton City Council, held on November 26, 2024, and that the same was adopted, signed and approved by the following vote to wit:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________________
PATRICIA A. VAZQUEZ, CITY CLERK
1 CITY OF STANTON

REPORT TO THE CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: July 8, 2025
SUBJECT: MAY 2025 INVESTMENT REPORT
REPORT IN BRIEF:

The Investment Report as of May 31, 2025, has been prepared in accordance with the City’s Investment Policy and California Government Code Section 53646.

RECOMMENDED ACTION:

2. Receive and file the Investment Report for the month of May 2025.

BACKGROUND:

Changes in the City’s cash and investment balances during the month of May are summarized below:

Between April 30, 2025, and May 31, 2025, the City’s total cash and investments increased by approximately $4,895,248.

The City’s cash and investment balances by fund type are presented in Attachment A.

The detail of investments by type that are managed by Chandler Asset Management, LLC (“Chandler”), of which staff determined provide a net advantage to the City, are presented in Attachment B.

Beginning Balance Net Change Ending Balance
Cash and Investment Accounts (Pooled-All Funds) $ 70,524,594.90 $ 4,764,196.98 $ 75,288,791.88 Cash (Non-Pooled) 4,985,466.91 131,051.42 5,116,518.33
Total Cash and Investments $ 75,510,061.81 $ 4,895,248.40 $ 80,405,310.21 Item: 9F
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2 ANALYSIS:

The monthly cash and investment report provides a summary of the cash and investment accounts held by the City as of the end of that month. In order to manage its cash and investments, the City combines cash resources from all funds into a single pool consisting of a variety of accounts and securities. The balance in the pooled cash account includes cash and certain liquid investments that are available to meet the City’s current cash needs. Cash in excess of the City’s current cash needs is invested in interest-bearing investments with various maturities.

As of May 31, 2025, the market value of the City’s total investment portfolio was $71.9 million, of which $32.9 million (46%) was invested in the State Local Agency Investment Fund (LAIF) and $39.1 million (54%) was managed by Chandler. Detailed information regarding the securities contained in the City’s investment portfolio is provided in Attachment B. As of May 31, 2025, City investments consisted of the following:

The City’s investment portfolio is well-diversified with investments spread across nine different security types. Likewise, the average maturity of the City’s portfolio (except for LAIF) is approximately 3.1 years, which is within the 3.5 years target in the City’s investment policy.

FISCAL IMPACT:

All deposits and investments have been made in accordance with the City's Fiscal Year 2024/25 Investment Policy. The portfolio will allow the City to meet its expenditure requirements for the next six months. Staff remains confident that the investment portfolio is currently positioned to remain secure and sufficiently liquid.

Investment Type
Market Value as of
May 31, 2025
Percentage of
Portfolio Invested
by Type
Maximum
Percentage of
Portfolio
Permitted by
Investment Policy In Compliance?
Managed by Chandler:

U.S. Treasury Notes $ 14,842,986.33 20.64% 100.00% Yes
Corporate Notes 9,859,778.73 13.71% 30.00% Yes
Federal Agency Securities 5,547,784.32 7.71% 100.00% Yes Asset Backed Securities 2,602,250.14 3.62% 20.00% Yes
Collateralized Mortgage Obligations 4,649,322.19 6.46% 20.00% Yes Supranational 1,094,290.94 1.52% 30.00% Yes
Municipal Bonds 398,942.10 0.55% 100.00% Yes
Money Market Fund/Cash 69,134.25 0.10% 20.00% Yes
Total Managed by Chandler (Attachment B) 39,064,489.00 54.31% Local Agency Investment Fund (LAIF) 32,862,993.84 45.69% 100.00% Yes Total Investments $ 71,927,482.84 100.00%
3 ENVIRONMENTAL IMPACT:

None.

LEGAL REVIEW:

None.

PUBLIC NOTIFICATION:

Through the normal agenda posting process.

STRATEGIC GOAL:

Goal 4. Ensure fiscal stability.

Prepared by: Amy Massey, Accounting Manager
Reviewed by: Sharon Del Rosario, Finance Director
Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENTS:

A. Cash and Investment Balances by Fund
B. Investment Portfolio Detail
Fund/ Account
No. Fund/Account Name Beginning Balance Increases Decreases Ending Balance 101-various General Fund $ 37,404,849.43 $ 11,173,746.11 $ (6,724,067.41) $ 41,854,528.13 102-111101 General Fund (Transactions & Use Tax) (984,986.67) 411,870.77 (373,000.00) (946,115.90) 103-111101 PCTA Administration (3,817.58) - (2,873.39) (6,690.97) 104-111101 Public Benefit Fees Fund 2,486,142.22 - (16,908.80) 2,469,233.42 105-111101 Beautification Fees Fund 240,000.00 - - 240,000.00 106-111101 Neighborhood Preservation Fees Fund 114,000.00 - - 114,000.00 107-111101 Cannabis Community Benefit Fees Fund 167,713.67 22,322.72 (14,060.54) 175,975.85 210-111101 Certified Access Specialists (CASP) Program Fund 77,929.86 - - 77,929.86 211-111101 Gas Tax Fund 2,979,657.29 53,566.97 (35,672.23) 2,997,552.03 215-111101 Road Maintenance and Rehabilitation Act (RMRA) Fund 85,509.22 1,741,886.62 (36,034.69) 1,791,361.15 220-111101 Measure M Fund 1,289,851.45 102,276.590 (2,399.51) 1,389,728.53 221-111101 Community Development Block Grant-CV (CDBG-CV) Fund 44,140.24 86,247.500 (30,955.06) 99,432.68 222-111101 Community Development Block Grant Fund 186,876.37 - (10,995.000) 175,881.37 224-111101 Lighting Maintenance 1919 Act Fund 1,207,406.56 364,184.01 (14,429.93) 1,557,160.64 225-111101 Lighting/Median Maintenance 1972 Act Fund 817,074.17 6,051.50 (45,075.16) 778,050.51 226-111101 Air Quality Improvement Fund 187,127.21 - - 187,127.21 227-111101 Other Grants Fund (302,220.50) 2,499.50 (4,410.13) (304,131.13) 242-111101 Supplemental Law Enforcement Grant Fund 341,339.32 - (13,333.34) 328,005.98 245-111101 Justice Assistance Grant (JAG) Grant Fund 45,154.66 96,158.85 (141,654.71) (341.20) 250-111101 Families and Communities Together (FaCT) Grant Fund 70,406.13 (78,726.99) (43,383.10) (51,703.96) 251-111101 Senior Transportation Fund 143,111.05 6,640.180 (550.84) 149,200.39 261-111101 Street Impact Fees Fund 264,769.54 1,368.00 - 266,137.54 262-111101 Traffic Signal Impact Fee 33,845.73 306.00 - 34,151.73 263-111101 Community Center Impact Fees Fund 296,593.24 885.00 - 297,478.24 264-111101 Police Services Impact Fees Fund 268,088.19 801.00 - 268,889.19 271-111101 Public Safety Task Force Fund (City Funds) 117,953.91 - (3,869.43) 114,084.48 280-111101 Stanton Central Park Maintenance Fund 10,139.37 9,064.59 (5,150.00) 14,053.96 285-various Stanton Housing Authority Fund 7,815,504.12 4,695.00 (405,201.98) 7,414,997.14 305-111101 Capital Projects Fund (41,927.61) 117,126.84 (121,691.39) (46,492.16) 310-111101 Park and Recreation Facilities Fund 3,130,171.91 - (9,377.500) 3,120,794.41 501-111101 Sewer Maintenance Fund 8,643,308.39 229,241.41 (49,528.87) 8,823,020.93 502-111101 Sewer Capital Improvement Fund 15,528.90 - - 15,528.90 602-111101 Workers' Compensation Fund 843,147.78 6,897.28 (4,511.90) 845,533.16 603-111101 Liability Risk Management Fund 48,874.39 2,362.98 (2,362.98) 48,874.39 604-111101 Employee Benefits Fund 297,642.49 161,934.38 (142,365.97) 317,210.90 605-111101 Fleet Maintenance Fund 658,752.95 14,988.45 (12,730.14) 661,011.26 801-111101 Developer Deposits Fund 17,693.22 1,000.00 (1,360.00) 17,333.22 Total Pooled Cash and Investments(1) $ 13,045,708.05 70,524,594.90 $ (8,281,511.07) $ 75,288,791.88 $

CITY OF STANTON

CASH AND INVESTMENTS REPORT
MONTH ENDED MAY 31, 2025

ATTACHMENT A

Page 1 of 2 ends

Fund/ Account
No. Fund/Account Name Beginning Balance Increases Decreases Ending Balance

CITY OF STANTON

CASH AND INVESTMENTS REPORT
MONTH ENDED MAY 31, 2025
Less: Investments(1) $ (67,633,721.40) $ (4,598,317.01) $ 228,427.47 $ (72,003,610.94) Cash - BMO Bank General Checking Account $ 2,890,873.50 $ 8,447,391.04 $ (8,053,083.60) $ 3,285,180.94

CASH-NON-POOLED
xxx-111103 Payroll Account - $ 309,653.74 $ (309,653.74) $ - $ 101-111109 Flexible Spending/AFLAC 7,178.02 - (3,682.46) 3,495.56 101-111505 Petty Cash 600.00 - - 600.00
285-111403 Cash with Property Management Company (QMG) 66,528.32 18,893.85 - 85,422.17 604-111404 Cash with Fiscal Agent (PARS) (2) 118,243.13 4,911,160.57 (2,403.10) 5,027,000.60 Total Cash-Non-Pooled $ 446,790.72 4,985,466.91 $ (315,739.30) $ 5,116,518.33 $

INVESTMENTS
POOLED ALL FUNDS $ 67,633,721.40 $ 4,598,317.01 $ (228,427.47) $ 72,003,610.94 Total Investments (3) $ 4,598,317.01 67,633,721.40 $ (228,427.47) $ 72,003,610.94 $ TOTAL CASH AND INVESTMENTS $ 13,492,498.77 75,510,061.81 $ (8,597,250.37) $ 80,405,310.21 $ Notes:
(3) - Additional information regarding the City's investments is included in Attachment B.(1) - Pooled cash includes: City's general checking and safekeeping accounts with BMO Harris Bank, the City's Local Agency Investment Fund (LAIF) account, the Housing Authority's LAIF account, and the City's investment portfolio account with Chandler Asset Management. (2) - The Public Agency Retirement Services (PARS) account is an irrevocable trust that can be used for pension and other post employment benefits only.

This fund is excluded from the compliance requirements set forth in the City's investment policy.

ATTACHMENT A

Page 2 ends

2 MONTHLY ACCOUNT STATEMENT
City of Stanton | Account #10991 | As of May 31, 2025
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

US Bank

ATTACHMENT B

Page 1 of 54 ends

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PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (12/01/22)
City of Stanton (0.22%) 1.21% 2.81% 6.10% 4.74% -- -- -- 4.58% Benchmark Return (0.36%) 1.14% 2.63% 6.02% 4.34% -- -- -- 4.18% Average Modified Duration 2.62
Average Coupon 3.97%
Average Purchase YTM 4.35%
Average Market YTM 4.15%
Average Credit Quality* AA+
Average Final Maturity 3.07
Average Life 2.70
End Values as of
04/30/2025
End Values as of
05/31/2025
Market Value 39,274,548.92 39,140,617.10
Accrued Interest 306,287.34 350,710.52
Total Market Value 39,580,836.26 39,491,327.61
Income Earned 126,770.94 94,495.65
Cont/WD 0.00 0.00
Par 39,125,941.21 39,204,614.61
Book Value 38,540,906.84 38,630,134.13
Cost Value 38,540,906.84 38,630,134.13
Government of The United States 37.92%
FHLMC 11.88%
Farm Credit System 8.78%
Federal Home Loan Banks 3.78%
Toyota Motor Corporation 2.01%
FNMA 1.61%
Bank of America Corporation 1.60%
John Deere Owner Trust 1.53%
**Periods over 1 year are annualized.

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

ATTACHMENT B

Page 2 of 54 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 11.9 Compliant
Max % Issuer (MV) 25.0 11.8 Compliant
Max Maturity (Years) 5.0 4.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 6.6 Compliant
Max % Issuer (MV) 5.0 1.2 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED BANK DEPOSITS
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 25.2 Compliant
Max % Issuer (MV) 5.0 2.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

ATTACHMENT B

Page 3 of 54 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years)5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 14.2 Compliant
Max % Issuer (MV) 25.0 8.8 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years)53 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.3 Compliant
Max % Issuer (MV) 20.0 0.3 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 1.0 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years)54 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years)5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years)5 0.0 Compliant

ATTACHMENT B

Page 4 of 54 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 2.8 Compliant
Max % Issuer (MV) 10.0 1.2 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 37.9 Compliant
Max Maturity (Years) 5 4 Compliant

ATTACHMENT B

Page 5 of 54 ends

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Book Value 38,540,906.84 26,329,358.87
Maturities/Calls 0.00 (850,000.00)
Principal Paydowns (425,551.34) (857,700.75)
Purchases 1,718,277.59 36,404,818.70
Sales (1,580,869.26) (22,511,597.97)
Change in Cash, Payables, Receivables 370,231.90 6,573.67 Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 7,138.40 108,681.61
Ending Book Value 38,630,134.13 38,630,134.13
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Market Value 39,274,548.92 26,279,060.77
Maturities/Calls 0.00 (850,000.00)
Principal Paydowns (425,551.34) (857,700.75)
Purchases 1,718,277.59 36,404,818.70
Sales (1,580,869.26) (22,511,597.97)
Change in Cash, Payables, Receivables 370,231.90 6,573.67 Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) (223,159.11) 560,781.06 Realized Gain (Loss) 7,138.40 108,681.61
Ending Market Value 39,140,617.10 39,140,617.10
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (850,000.00)
Principal Paydowns
Month to Date (425,551.34)
Fiscal Year to Date (857,700.75)
Purchases
Month to Date 1,718,277.59
Fiscal Year to Date 36,404,818.70
Sales
Month to Date (1,580,869.26)
Fiscal Year to Date (22,511,597.97)
Interest Received
Month to Date 63,315.32
Fiscal Year to Date 1,258,920.81
Purchased / Sold Interest
Month to Date (13,242.85)
Fiscal Year to Date (38,571.56)

ATTACHMENT B

Page 6 of 54 ends

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026 85,322.27 09/21/20224.08%
84,255.74
84,255.74

99.81 4.65%
85,157.63
114.92

0.22%
901.89
NA/AAA
AAA

1.14 0.22
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026 65,010.75 09/13/20223.53%
63,563.25
63,563.25

99.68 4.68%
64,800.58

84.66 0.17%
1,237.33
Aaa/AAA
NA

1.29 0.19
47800BAC2 JDOT 2022-C A3 5.09
06/15/2027 46,477.19 10/12/20225.09%
46,473.58
46,473.58
100.25

4.55%
46,591.79
105.14

0.12%
118.21
Aaa/NA
AAA

2.04 0.41
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 70,000.00 05/17/20245.32%
69,991.81
69,991.81
101.06

4.51%
70,745.22
165.51

0.18%
753.41
Aaa/NA
AAA

2.64 1.22
44933XAD9 HART 2023-B A3 5.48
04/17/2028 465,519.54 07/11/20245.27%
468,010.80
468,010.80
100.62

4.57%
468,426.90
1,133.80

1.20%
416.10
NA/AAA
AAA

2.88 0.64
47787CAC7 JDOT 2023-C A3 5.48
05/15/2028 300,000.00 12/05/20235.08%
303,117.19
303,117.19
100.79

4.45%
302,360.67
730.67

0.77%
(756.52)
Aaa/NA
AAA

2.96 0.72
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 280,000.00 09/07/2023

5.23%
279,922.38
279,922.38
100.98

4.41%
282,753.24
642.13

0.72%
2,830.86
NA/AAA
AAA

3.29 1.22
448973AD9 HART 2024-A A3 4.99
02/15/2029 85,000.00 03/11/20245.00%
84,981.26
84,981.26
100.75

4.46%
85,635.31
188.51

0.22%
654.05
NA/AAA
AAA

3.71 1.28
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 120,000.00 06/04/20245.18%
119,981.77
119,981.77
100.85

4.52%
121,020.36
103.60

0.31%
1,038.59
Aaa/AAA
NA

3.74 1.19
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 65,000.00 06/11/2024

5.20%
64,987.29
64,987.29
101.41

4.10%
65,919.03
150.22

0.17%
931.74
Aaa/NA
AAA

3.79 1.22
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 110,000.00 04/16/20245.23%
109,977.45
109,977.45
101.72

4.31%
111,888.82
255.69

0.29%
1,911.37
NA/AAA
AAA

3.88 1.74
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 135,000.00 06/06/20244.93%
134,992.43
134,992.43
101.27

4.29%
136,710.83
295.80

0.35%
1,718.40
Aaa/AAA
NA

3.96 1.82
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 120,000.00 10/10/2024

4.40%
119,993.30
119,993.30
100.15

4.34%
120,180.65
234.67

0.31%
187.35
Aaa/AAA
NA

4.04 1.51
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 185,000.00 03/04/2025

4.23%
184,988.36
184,988.36

99.87 4.33%
184,755.89
347.80

0.47%
(232.47)
Aaa/NA
AAA

4.30 1.96
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 210,000.00 10/17/20244.29%
209,968.79
209,968.79
100.06

4.30%
210,130.35
400.40

0.54%
161.56
Aaa/AAA
NA

4.38 2.21
437921AD1 HAROT 252 A3 4.15 10/15/2029 125,000.00 04/29/2025

4.15%
124,986.04
124,986.04

99.88 4.24%
124,843.95
331.42

0.32%
(142.09)
Aaa/NA
AAA

4.38 2.16
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029 120,000.00 04/24/20254.34%
119,993.12
119,993.12
100.27

4.26%
120,328.92
231.47

0.31%
335.80
NA/AAA
AAA

4.46 2.21

ATTACHMENT B

Page 7 of 54 ends

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total ABS 2,587,329.76 4.84%
2,590,184.56
2,590,184.56
100.58

4.42%
2,602,250.14
5,516.41

6.65%
12,065.57

3.43 1.28
AGENCY
3133ERKR1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/10/2026
650,000.00 07/19/2024

4.54%
650,981.50
650,981.50
100.69

3.98%
654,473.07
11,774.48

1.67%
3,491.57
Aa1/AA+
AA+

1.11 1.05
3135G0Q22 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 1.875 09/24/2026 650,000.00 09/14/20223.73% 605,208.50
605,208.50

97.24 4.06%
632,029.41
2,268.23

1.61%
26,820.91
Aa1/AA+
AA+

1.32 1.27
3133ERFJ5 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 05/20/2027 450,000.00 05/23/20244.80%
446,330.25
446,330.25
100.94

4.00%
454,223.70
618.75

1.16%
7,893.45
Aa1/AA+
AA+

1.97 1.86
3133ERMB4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.25 07/23/2027 650,000.00 07/18/20244.26% 649,798.50
649,798.50
100.59

3.96%
653,820.49
9,822.22

1.67%
4,021.99
Aa1/AA+
AA+

2.15 2.00
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 500,000.00 03/22/20234.04%
510,315.00
510,315.00
101.59

3.89%
507,944.24
5,062.50

1.30%
(2,370.76)
Aa1/AA+
AA+

2.78 2.56
3133EPGW9

FEDERAL FARM CREDIT
BANKS FUNDING CORP 3.875
04/25/2028
250,000.00 04/24/2023

3.76%
251,255.00
251,255.00

99.79 3.95%
249,482.48
968.75

0.64%
(1,772.53)
Aa1/AA+
AA+

2.90 2.70
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028 300,000.00 09/13/20234.48%
298,555.11
298,555.11
101.46

3.89%
304,388.94
3,026.04

0.78%
5,833.83
Aa1/AA+
AA+

3.27 2.99
3133EPWK7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 09/22/2028 500,000.00 09/25/20234.67%
496,185.00
496,185.00
101.75

3.93%
508,771.71
4,312.50

1.30%
12,586.71
Aa1/AA+
AA+

3.31 3.03
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028 650,000.00 12/07/20234.18%
666,646.50
666,646.50
102.57

3.96%
666,706.33
14,837.15

1.70%

59.83 Aa1/AA+
AA+

3.52 3.15
3133ERAK7

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
04/10/2029
400,000.00 04/08/2024

4.48%
398,068.00
398,068.00
101.06

4.07%
404,244.38
2,479.17

1.03%
6,176.38
Aa1/AA+
AA+

3.86 3.50
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 500,000.00 05/08/2024

4.55%
504,355.00
504,355.00
102.34

4.10%
511,699.58
2,045.14

1.31%
7,344.58
Aa1/AA+
AA+

3.91 3.53
Total Agency 5,500,000.00 4.32%
5,477,698.36
5,477,698.36
100.89

3.98%
5,547,784.32
57,214.93

14.17%
70,085.96

2.63 2.41

AGENCY CMBS
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026 337,693.19 09/22/20224.23%
325,570.53
325,570.53

98.55 4.30%
332,785.83
941.88

0.85%
7,215.30
Aa1/AA+
AAA

1.49 1.33

ATTACHMENT B

Page 8 of 54 ends

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 350,000.00 09/13/2022

3.97%
342,412.11
342,412.11

98.56 4.30%
344,947.86
1,000.42

0.88%
2,535.75
Aa1/AA+
AAA

1.65 1.44
3137F2LJ3 FHMS K-066 A2 3.117
06/25/2027 350,000.00 09/13/20223.97%
337,640.63
337,640.63

97.87 4.21%
342,538.95
909.13

0.88%
4,898.32
Aa1/AA+
AAA

2.07 1.81
3137FAWS3 FHMS K-067 A2 3.194
07/25/2027 310,000.00 09/22/20224.28%
295,856.25
295,856.25

97.82 4.22%
303,244.45
825.12

0.77%
7,388.20
Aaa/AA+
AA+

2.15 1.99
3137FBU79 FHMS K-069 A2 3.187
09/25/2027 491,498.58 05/18/20234.13%
472,126.63
472,126.63

97.71 4.20%
480,230.29
1,305.34

1.23%
8,103.66
Aa1/AAA
AA+

2.32 2.12
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 510,000.00 05/24/2023

4.65%
500,636.72
500,636.72

98.94 4.18%
504,596.14
1,636.25

1.29%
3,959.42
Aa1/AA+
AAA

2.99 2.69
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028 500,000.00 07/18/20244.47%
486,640.63
486,640.63

98.74 4.21%
493,713.65
1,607.92

1.26%
7,073.02
Aaa/AA+
AA+

3.49 3.16
3137FKUP9 FHMS K-087 A2 3.771
12/25/2028 400,000.00 06/05/20244.64%
384,812.50
384,812.50

98.46 4.22%
393,832.48
1,257.00

1.01%
9,019.98
Aa1/AAA
AA+

3.57 3.11
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 525,000.00 10/17/2024

4.18%
485,030.27
485,030.27

93.48 4.23%
490,762.70
988.75

1.25%
5,732.43
Aa1/AA+
AAA

3.65 3.35
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 400,000.00 07/08/20244.57%
380,031.25
380,031.25

97.15 4.23%
388,600.12
1,140.67

0.99%
8,568.87
Aa1/AAA
AA+

3.74 3.38
3137FLYV0 FHMS K-092 A2 3.298
04/25/2029 250,000.00 05/30/20244.85%
232,578.13
232,578.13

96.59 4.24%
241,480.45
687.08

0.62%
8,902.32
Aa1/AA+
AAA

3.90 3.52
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029 347,830.74 09/19/20243.76%
335,575.14
335,575.14

95.62 4.23%
332,589.28
864.36

0.85%
(2,985.86)
Aa1/AA+
AAA

3.98 3.46
Total Agency CMBS 4,772,022.50 4.31%
4,578,910.79
4,578,910.79

97.46 4.23%
4,649,322.19
13,163.91

11.88%
70,411.40

2.94 2.64
CASH
CCYUSD Receivable 38,064.05 --

0.00%
38,064.05
38,064.05

1.00 0.00%
38,064.05

0.00 0.10%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 38,064.05 0.00%
38,064.05
38,064.05

1.00 0.00%
38,064.05

0.00 0.10%

0.00 0.00

0.00 CORPORATE
24422EWJ4 JOHN DEERE CAPITAL CORP 4.05
09/08/2025 125,000.00 09/21/20224.36%
123,933.75
123,933.75

99.87 4.49%
124,841.14
1,167.19

0.32%
907.39
A1/A
A+

0.27 0.26
713448FQ6 PEPSICO INC 4.55 02/13/2026 65,000.00 02/13/2023

4.57%
64,962.30
64,962.30
100.09

4.41%
65,059.25
887.25

0.17%

96.95 A1/A+
NA

0.71 0.59

ATTACHMENT B

Page 9 of 54 ends

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
61747YET8 MORGAN STANLEY 4.679
07/17/2026 200,000.00 09/13/20225.38%
199,302.00
199,302.00

99.99 5.89%
199,973.10
3,483.26

0.51%
671.10
A1/AA+1.13

0.12 06406RBJ5 BANK OF NEW YORK MELLON
CORP 4.414 07/24/2026 350,000.00 --5.12%
348,501.00
348,501.00

99.93 5.61%
349,748.12
5,450.06

0.89%
1,247.12
Aa3/A
AA1.150.14
74340XBK6 PROLOGIS LP 3.25 10/01/2026 250,000.00 09/14/2022

4.30%
240,397.50
240,397.50

98.49 4.43%
246,222.60
1,354.17

0.63%
5,825.10
A2/A
NA

1.34 1.28
26442CAS3 DUKE ENERGY CAROLINAS LLC

2.95 12/01/2026 250,000.00 09/16/20224.31%
237,035.00
237,035.00

98.14 4.25%
245,341.54
3,687.50

0.63%
8,306.54
Aa3/A
NA

1.50 1.44
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027 300,000.00 07/08/2024

4.74%
300,429.00
300,429.00
100.99

4.20%
302,972.15
3,800.00

0.77%
2,543.15
A1/AANA1.74

1.55 857477CL5 STATE STREET CORP 4.993
03/18/2027 300,000.00 03/13/20244.99%
300,000.00
300,000.00
101.20

4.29%
303,585.41
3,037.41

0.78%
3,585.41
Aa3/A
AA1.801.61
46647PCB0 JPMORGAN CHASE & CO 1.578
04/22/2027 250,000.00 09/15/20225.37%
221,377.50
221,377.50

97.38 4.95%
243,455.86
427.38

0.62%
22,078.36
A1/A
AA1.890.87
91324PEG3 UNITEDHEALTH GROUP INC 3.7
05/15/2027 250,000.00 09/13/20224.21%
244,607.50
244,607.50

98.51 4.50%
246,281.19
411.11

0.63%
1,673.69
A2/A+
A

1.96 1.86
61747YEC5 MORGAN STANLEY 1.512
07/20/2027 250,000.00 09/15/20225.32%
219,305.00
219,305.00

96.49 4.96%
241,215.82
1,375.50

0.62%
21,910.82
A1/AA+2.14

1.10 06051GJS9 BANK OF AMERICA CORP 1.734
07/22/2027 250,000.00 09/15/20225.49%
219,722.50
219,722.50

96.73 4.99%
241,824.35
1,553.38

0.62%
22,101.85
A1/AAA2.14

1.10 09290DAH4 BLACKROCK INC 4.6 07/26/2027 475,000.00 07/18/2024

4.57%
475,408.50
475,408.50
100.83

4.19%
478,938.91
7,586.81

1.22%
3,530.41
Aa3/AANA2.15

1.92 14913R3A3 CATERPILLAR FINANCIAL
SERVICES CORP 3.6 08/12/2027 250,000.00 09/13/2022

4.27%
242,635.00
242,635.00

98.69 4.23%
246,714.28
2,725.00

0.63%
4,079.28
A2/A
A+

2.20 2.06
023135BC9 AMAZON.COM INC 3.15
08/22/2027 250,000.00 09/14/20224.17%
238,730.00
238,730.00

97.97 4.11%
244,929.45
2,165.63

0.63%
6,199.45
A1/AA
AA2.232.10
24422EWK1 JOHN DEERE CAPITAL CORP 4.15
09/15/2027 250,000.00 09/13/20224.29%
248,480.00
248,480.00

99.80 4.24%
249,503.41
2,190.28

0.64%
1,023.41
A1/A
A+

2.29 2.14
74456QBU9 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.7 05/01/2028 300,000.00 09/06/20235.10%
282,837.00
282,837.00

98.55 4.23%
295,643.96
925.00

0.76%
12,806.96
A1/A
NA

2.92 2.72
58933YBH7 MERCK & CO INC 4.05
05/17/2028 300,000.00 --4.08%
299,617.50
299,617.50

99.98 4.06%
299,932.72
472.50

0.77%
315.22
Aa3/A+
NA

2.96 2.76
06051GMK2 BANK OF AMERICA CORP 4.979
01/24/2029 380,000.00 01/17/20254.98%
380,000.00
380,000.00
100.98

4.74%
383,722.01
6,674.63

0.98%
3,722.01
A1/AAA3.65

2.41 69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 365,000.00 01/24/2024

4.64%
364,405.05
364,405.05
100.89

4.33%
368,241.74
5,643.31

0.94%
3,836.69
A1/A+
NA

3.67 3.29

ATTACHMENT B

Page 10 of 54 ends

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 140,000.00 02/21/20244.86%
139,951.00
139,951.00
101.99

4.27%
142,782.27
1,791.81

0.36%
2,831.27
A1/AANA3.74

3.28 341081GT8 FLORIDA POWER & LIGHT CO

5.15 06/15/2029 300,000.00 06/13/20244.82%
304,159.46
304,159.46
103.09

4.31%
309,278.39
7,124.17

0.79%
5,118.93
Aa2/A+
AA4.043.41
437076DC3 HOME DEPOT INC 4.75
06/25/2029 500,000.00 07/08/20244.72%
500,690.00
500,690.00
101.51

4.34%
507,568.26
10,291.67

1.30%
6,878.26
A2/A
A

4.07 3.53
713448FX1 PEPSICO INC 4.5 07/17/2029 400,000.00 07/16/2024

4.52%
399,592.00
399,592.00
101.00

4.23%
403,991.29
6,700.00

1.03%
4,399.29
A1/A+
NA

4.13 3.61
89236TMK8 TOYOTA MOTOR CREDIT CORP

4.55 08/09/2029 450,000.00 12/09/20244.55%
450,067.50
450,067.50
100.22

4.49%
450,977.20
6,370.00

1.15%
909.70
A1/A+
A+

4.19 3.72
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 450,000.00 08/22/20244.31%
456,678.00
456,678.00
100.98

4.39%
454,420.02
6,161.25

1.16%
(2,257.98)
A2/A
A

4.21 3.67
14913UAU4 CATERPILLAR FINANCIAL
SERVICES CORP 4.7 11/15/2029 150,000.00 11/12/20244.74% 149,755.50
149,755.50
101.34

4.37%
152,004.46
313.33

0.39%
2,248.96
A2/A
A+

4.46 3.98
00287YBX6 ABBVIE INC 3.2 11/21/2029 400,000.00 04/29/2025

4.38%
380,696.00
380,696.00

94.85 4.48%
379,415.12
355.56

0.97%
(1,280.88)
A3/ANA4.48

4.10 89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 330,000.00 01/06/20255.00%
329,293.80
329,293.80
101.53

4.58%
335,052.75
6,443.25

0.86%
5,758.95
A1/A+
A+

4.61 4.01
46647PEB8 JPMORGAN CHASE & CO 5.012
01/23/2030 300,000.00 05/14/20254.76%
302,478.00
302,478.00
101.19

4.85%
303,557.28
5,346.13

0.78%
1,079.28
A1/A
AA4.653.24
532457CV8 ELI LILLY AND CO 4.75
02/12/2030 500,000.00 02/10/20254.75%
500,110.00
500,110.00
101.62

4.36%
508,121.25
7,190.97

1.30%
8,011.25
Aa3/A+
NA

4.70 4.05
02665WFY2 AMERICAN HONDA FINANCE
CORP 4.8 03/05/2030 325,000.00 03/03/20254.82%
324,714.00
324,714.00
100.12

4.77%
325,399.06
3,726.67

0.83%
685.06
A3/ANA4.76

4.16 194162AT0 COLGATE-PALMOLIVE CO 4.2
05/01/2030 210,000.00 04/28/20254.21%
209,888.70
209,888.70

99.55 4.30%
209,064.37
710.50

0.53%
(824.33)
Aa3/A+
NA

4.92 4.38
Total Corporate 9,865,000.00 4.68%
9,699,760.06
9,699,760.06

99.98 4.49%
9,859,778.73
117,542.63

25.19%
160,018.67

3.17 2.65

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 107,198.30 --

3.94%
107,198.30
107,198.30

1.00 3.94%
107,198.30

0.00 0.27%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 107,198.30 3.94%
107,198.30
107,198.30

1.00 3.94%
107,198.30

0.00 0.27%

0.00 0.00

0.00 ATTACHMENT B

Page 11 of 54 ends

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

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

MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 395,000.00 10/30/20244.38%
397,081.65
397,081.65
101.00

4.24%
398,942.10
5,925.00

1.02%
1,860.45
Aa2/AAAA4.17

3.71 Total Municipal
Bonds 395,000.00 4.38%
397,081.65
397,081.65
101.00

4.24%
398,942.10
5,925.00

1.02%
1,860.45

4.17 3.71

SUPRANATIONAL
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
225,000.00 08/17/2023

4.55%
214,688.25
214,688.25

98.74 3.93%
222,162.67
3,040.63

0.57%
7,474.42
Aaa/AAA
NA

3.11 2.88
45950KDD9 INTERNATIONAL FINANCE CORP

4.5 07/13/2028 230,000.00 07/06/20234.53%
229,744.70
229,744.70
101.68

3.92%
233,862.17
3,967.50

0.60%
4,117.47
Aaa/AAA
NA

3.12 2.84
4581X0EN4

INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
400,000.00 03/14/2024

4.39%
395,324.00
395,324.00
100.54

3.97%
402,145.10
4,858.33

1.03%
6,821.10
Aaa/AAA
NA

3.71 3.37
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
235,000.00 03/14/2025

4.20%
234,161.05
234,161.05
100.48

4.01%
236,121.01
1,911.82

0.60%
1,959.96
Aaa/AAA
NA

4.80 4.28
Total
Supranational 1,090,000.00 4.41%
1,073,918.00
1,073,918.00
100.40

3.96%
1,094,290.94
13,778.28

2.80%
20,372.94

3.70 3.35

US TREASURY
9128287B0 UNITED STATES TREASURY 1.875
06/30/2026 650,000.00 09/15/20223.78%
606,632.81
606,632.81

97.64 4.14%
634,664.06
5,117.40

1.62%
28,031.25
Aa1/AA+
AA+

1.08 1.04
9128282A7 UNITED STATES TREASURY 1.5
08/15/2026 650,000.00 09/13/20223.72%
597,923.83
597,923.83

96.99 4.08%
630,449.22
2,854.97

1.61%
32,525.39
Aa1/AA+
AA+

1.21 1.17
91282CJC6 UNITED STATES TREASURY 4.625
10/15/2026 500,000.00 07/19/2024

4.42%
502,148.44
502,148.44
100.77

4.04%
503,847.66
2,969.60

1.29%
1,699.22
Aa1/AA+
AA+

1.38 1.31
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 650,000.00 09/14/2022

3.66%
618,591.80
618,591.80

97.49 3.93%
633,699.22
2,752.73

1.62%
15,107.42
Aa1/AA+
AA+

1.83 1.76
91282CKV2 UNITED STATES TREASURY 4.625
06/15/2027 650,000.00 07/08/2024

4.41%
653,833.98
653,833.98
101.39

3.90%
659,064.45
13,875.00

1.68%
5,230.47
Aa1/AA+
AA+

2.04 1.89
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 650,000.00 07/16/20244.24%
652,462.89
652,462.89
100.95

3.90%
656,169.92
10,762.26

1.68%
3,707.03
Aa1/AA+
AA+

2.12 1.98

ATTACHMENT B

Page 12 of 54 ends

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 650,000.00 09/13/20223.57%
636,822.26
636,822.26

98.38 3.89%
639,437.50
5,133.32

1.63%
2,615.24
Aa1/AA+
AA+

2.25 2.13
91282CFU0 UNITED STATES TREASURY 4.125
10/31/2027 650,000.00 07/08/20244.37%
645,074.22
645,074.22
100.54

3.89%
653,529.30
2,331.52

1.67%
8,455.08
Aa1/AA+
AA+

2.42 2.27
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 350,000.00 01/24/20233.59%
354,470.70
354,470.70
100.02

3.87%
350,068.36
5,694.75

0.89%
(4,402.34)
Aa1/AA+
AA+

2.59 2.39
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 500,000.00 02/22/20234.12%
486,269.53
486,269.53

99.07 3.87%
495,351.56
5,849.45

1.27%
9,082.03
Aa1/AA+
AA+

2.67 2.49
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 500,000.00 07/19/2024

4.22%
496,367.19
496,367.19
100.33

3.87%
501,640.63
5,054.35

1.28%
5,273.44
Aa1/AA+
AA+

2.75 2.55
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 350,000.00 04/24/20233.61%
350,259.77
350,259.77

99.38 3.86%
347,812.50
2,149.25

0.89%
(2,447.27)
Aa1/AA+
AA+

2.84 2.65
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 500,000.00 06/22/20234.02%
491,308.59
491,308.59

99.31 3.87%
496,562.50

49.52 1.27%
5,253.91
Aa1/AA+
AA+

3.00 2.81
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 500,000.00 09/20/20234.51%
489,179.69
489,179.69
100.39

3.86%
501,953.13
8,397.79

1.28%
12,773.44
Aa1/AA+
AA+

3.08 2.82
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 350,000.00 08/24/20234.39%
345,953.13
345,953.13
100.75

3.87%
352,611.33
4,825.79

0.90%
6,658.20
Aa1/AA+
AA+

3.17 2.90
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 350,000.00 10/18/20234.89%
345,912.11
345,912.11
102.30

3.88%
358,052.73
2,742.14

0.91%
12,140.62
Aa1/AA+
AA+

3.33 3.04
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 400,000.00 01/22/20244.00%
395,468.75
395,468.75

99.51 3.90%
398,046.88
6,298.34

1.02%
2,578.13
Aa1/AA+
AA+

3.59 3.26
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 650,000.00 02/12/20244.14%
646,013.67
646,013.67
100.31

3.91%
652,005.86
8,690.61

1.67%
5,992.19
Aa1/AA+
AA+

3.67 3.33
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 650,000.00 07/16/20244.12%
650,000.00
650,000.00
100.75

3.91%
654,875.00
4,542.01

1.67%
4,875.00
Aa1/AA+
AA+

3.83 3.49
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 500,000.00 07/19/20244.14%
507,812.50
507,812.50
102.12

3.92%
510,585.94

61.48 1.30%
2,773.44
Aa1/AA+
AA+

4.00 3.63
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 650,000.00 07/08/20244.24%
650,355.47
650,355.47
101.21

3.93%
657,845.70
11,599.45

1.68%
7,490.23
Aa1/AA+
AA+

4.08 3.65
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 500,000.00 07/29/20244.06%
498,632.81
498,632.81
100.27

3.93%
501,328.13
6,685.08

1.28%
2,695.32
Aa1/AA+
AA+

4.17 3.75
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 500,000.00 09/17/20243.44%
504,218.75
504,218.75

98.80 3.93%
493,984.38
4,580.50

1.26%
(10,234.38)
Aa1/AA+
AA+

4.25 3.86
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 350,000.00 11/14/2024

4.29%
343,656.25
343,656.25

99.74 3.94%
349,083.98
2,297.47

0.89%
5,427.73
Aa1/AA+
AA+

4.33 3.92

ATTACHMENT B

Page 13 of 54 ends

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 700,000.00 12/19/20244.40%
691,386.72
691,386.72
100.75

3.94%
705,277.34

78.89 1.80%
13,890.62
Aa1/AA+
AA+

4.50 4.07
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 500,000.00 05/29/20254.03%
504,570.31
504,570.31
101.23

3.96%
506,171.88
7,102.90

1.29%
1,601.57
Aa1/AA+
AA+

4.67 4.14
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 500,000.00 04/07/20253.75%
505,625.00
505,625.00
100.17

3.96%
500,859.38
3,387.98

1.28%
(4,765.63)
Aa1/AA+
AA+

4.83 4.32
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 500,000.00 05/29/20254.04%
496,367.19
496,367.19

99.60 3.96%
498,007.81
1,684.78

1.27%
1,640.62
Aa1/AA+
AA+

4.91 4.42
Total US Treasury 14,850,000.00 4.08%
14,667,318.36
14,667,318.36

99.97 3.93%
14,842,986.33
137,569.35

37.92%
175,667.97

3.11 2.85
Total Portfolio 39,204,614.61 4.35%
38,630,134.13
38,630,134.13

99.50 4.15%
39,140,617.10
350,710.52
100.00%
510,482.97

3.07 2.62
Total Market Value
+ Accrued 39,491,327.61

ATTACHMENT B

Page 14 of 54 ends

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

ACQUISITIONS
Purchase 05/01/2025 31846V203 5,550.00 FIRST AMER:GVT OBLG Y 1.000 3.98% (5,550.00) 0.00 (5,550.00) 0.00 Purchase 05/15/2025 46647PEB8 300,000.00 JPMORGAN CHASE & CO

5.012 01/23/2030 100.826 4.76% (302,478.00) (4,677.87) (307,155.87) 0.00 Purchase 05/15/2025 31846V203 350,657.00 FIRST AMER:GVT OBLG Y 1.000 3.92% (350,657.00) 0.00 (350,657.00) 0.00 Purchase 05/19/2025 31846V203 24,676.32 FIRST AMER:GVT OBLG Y 1.000 3.92% (24,676.32) 0.00 (24,676.32) 0.00 Purchase 05/20/2025 31846V203 10,125.00 FIRST AMER:GVT OBLG Y 1.000 3.91% (10,125.00) 0.00 (10,125.00) 0.00 Purchase 05/21/2025 31846V203 6,400.00 FIRST AMER:GVT OBLG Y 1.000 3.90% (6,400.00) 0.00 (6,400.00) 0.00 Purchase 05/27/2025 31846V203 518.00 FIRST AMER:GVT OBLG Y 1.000 3.89% (518.00) 0.00 (518.00) 0.00 Purchase 05/27/2025 31846V203 14,766.50 FIRST AMER:GVT OBLG Y 1.000 3.89% (14,766.50) 0.00 (14,766.50) 0.00 Purchase 05/28/2025 31846V203 2,169.27 FIRST AMER:GVT OBLG Y 1.000 3.91% (2,169.27) 0.00 (2,169.27) 0.00 Purchase 05/30/2025 91282CMZ1 500,000.00 UNITED STATES TREASURY

3.875 04/30/2030 99.273 4.04% (496,367.19) (1,579.48) (497,946.67) 0.00 Purchase 05/30/2025 91282CMG3 500,000.00 UNITED STATES TREASURY

4.25 01/31/2030 100.914 4.03% (504,570.31) (6,985.50) (511,555.81) 0.00 Total Purchase 1,714,862.09 (1,718,277.59) (13,242.85) (1,731,520.44) 0.00 TOTAL
ACQUISITIONS 1,714,862.09 (1,718,277.59) (13,242.85) (1,731,520.44) 0.00

DISPOSITIONS
Maturity 05/15/2025 02582JJT8 (350,000.00) AMXCA 2022-2 A 3.39 05/17/2027 100.000 4.14% 0.00 0.00 0.00 0.00
Total Maturity (350,000.00) 0.00 0.00 0.00 0.00
Sale 05/02/2025 31846V203 (207,181.81) FIRST AMER:GVT OBLG Y 1.000 3.96% 207,181.81 0.00 207,181.81 0.00 Sale 05/08/2025 31846V203 (124,986.04) FIRST AMER:GVT OBLG Y 1.000 3.91% 124,986.04 0.00 124,986.04 0.00 Sale 05/12/2025 31846V203 (3,043.22) FIRST AMER:GVT OBLG Y 1.000 3.90% 3,043.22 0.00 3,043.22 0.00 Sale 05/15/2025 31846V203 (235,858.19) FIRST AMER:GVT OBLG Y 1.000 3.92% 235,858.19 0.00 235,858.19 0.00 Sale 05/23/2025 31846V203 (297.52) FIRST AMER:GVT OBLG Y 1.000 3.89% 297.52 0.00 297.52 0.00 Sale 05/30/2025 31846V203 (1,009,502.48) FIRST AMER:GVT OBLG Y 1.000 3.94% 1,009,502.48 0.00 1,009,502.48 0.00 Total Sale (1,580,869.26) 1,580,869.26 0.00 1,580,869.26 0.00

ATTACHMENT B

Page 15 of 54 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTAL
DISPOSITIONS (1,930,869.26) 1,580,869.26 0.00 1,580,869.26 0.00 OTHER

TRANSACTIONS
Coupon 05/01/2025 74456QBU9 0.00

PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7
05/01/2028

5.10% 5,550.00 0.00 5,550.00 0.00
Coupon 05/01/2025 3137FLYV0 0.00 FHMS K-092 A2 3.298
04/25/2029 4.85% 687.08 0.00 687.08 0.00
Coupon 05/01/2025 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 4.65% 1,636.25 0.00 1,636.25 0.00
Coupon 05/01/2025 3137FKUP9 0.00 FHMS K-087 A2 3.771
12/25/2028 4.64% 1,257.00 0.00 1,257.00 0.00
Coupon 05/01/2025 3137FLMV3 0.00 FHMS K-090 A2 3.422
02/25/2029 4.57% 1,140.67 0.00 1,140.67 0.00
Coupon 05/01/2025 3137FKSH0 0.00 FHMS K-086 A2 3.859
11/25/2028 4.47% 1,607.92 0.00 1,607.92 0.00
Coupon 05/01/2025 3137FAWS3 0.00 FHMS K-067 A2 3.194
07/25/2027 4.28% 825.12 0.00 825.12 0.00
Coupon 05/01/2025 3137BTUM1 0.00 FHMS K-061 A2 3.347
11/25/2026 4.23% 943.91 0.00 943.91 0.00
Coupon 05/01/2025 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 4.18% 988.75 0.00 988.75 0.00
Coupon 05/01/2025 3137FBU79 0.00 FHMS K-069 A2 3.187
09/25/2027 4.13% 1,307.64 0.00 1,307.64 0.00
Coupon 05/01/2025 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 3.97% 1,000.42 0.00 1,000.42 0.00
Coupon 05/01/2025 3137F2LJ3 0.00 FHMS K-066 A2 3.117
06/25/2027 3.97% 909.13 0.00 909.13 0.00
Coupon 05/01/2025 3137FMCR1 0.00 FHMS K-093 A2 2.982
05/25/2029 3.76% 869.75 0.00 869.75 0.00

ATTACHMENT B

Page 16 of 54 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 05/15/2025 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.32% 310.33 0.00 310.33 0.00
Coupon 05/15/2025 44933XAD9 0.00 HART 2023-B A3 5.48
04/17/2028 5.27% 2,274.65 0.00 2,274.65 0.00
Coupon 05/15/2025 02582JKH2 0.00 AMXCA 2024-1 A 5.23
04/16/2029 5.23% 479.42 0.00 479.42 0.00
Coupon 05/15/2025 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 1,204.00 0.00 1,204.00 0.00
Coupon 05/15/2025 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.20% 281.67 0.00 281.67 0.00
Coupon 05/15/2025 47800BAC2 0.00 JDOT 2022-C A3 5.09
06/15/2027 5.09% 223.07 0.00 223.07 0.00
Coupon 05/15/2025 47787CAC7 0.00 JDOT 2023-C A3 5.48
05/15/2028 5.08% 1,370.00 0.00 1,370.00 0.00
Coupon 05/15/2025 448973AD9 0.00 HART 2024-A A3 4.99
02/15/2029 5.00% 353.46 0.00 353.46 0.00
Coupon 05/15/2025 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 554.62 0.00 554.62 0.00
Coupon 05/15/2025 14913UAU4 0.00

CATERPILLAR FINANCIAL
SERVICES CORP 4.7
11/15/2029

4.74% 3,525.00 0.00 3,525.00 0.00
Coupon 05/15/2025 89239TAD4 0.00 TAOT 2024-D A3 4.4
06/15/2029 4.40% 440.00 0.00 440.00 0.00
Coupon 05/15/2025 89231HAD8 0.00 TAOT 2025-B A3 4.34
11/15/2029 4.34% 217.00 0.00 217.00 0.00
Coupon 05/15/2025 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 750.75 0.00 750.75 0.00
Coupon 05/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 4.23% 652.13 0.00 652.13 0.00
Coupon 05/15/2025 91324PEG3 0.00 UNITEDHEALTH GROUP
INC 3.7 05/15/2027 4.21% 4,625.00 0.00 4,625.00 0.00
Coupon 05/15/2025 02582JJT8 0.00 AMXCA 2022-2 A 3.39
05/17/2027 4.14% 988.75 0.00 988.75 0.00

ATTACHMENT B

Page 17 of 54 ends

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.5 05/20/2027

4.80% 10,125.00 0.00 10,125.00 0.00
Coupon 05/21/2025 00287YBX6 0.00 ABBVIE INC 3.2
11/21/2029 4.38% 6,400.00 0.00 6,400.00 0.00
Coupon 05/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 518.00 0.00 518.00 0.00
Coupon 05/31/2025 91282CMA6 0.00 UNITED STATES TREASURY

4.125 11/30/2029 4.40% 14,437.50 0.00 14,437.50 0.00
Coupon 05/31/2025 91282CKT7 0.00 UNITED STATES TREASURY

4.5 05/31/2029 4.14% 11,250.00 0.00 11,250.00 0.00
Coupon 05/31/2025 91282CHE4 0.00 UNITED STATES TREASURY

3.625 05/31/2028 4.02% 9,062.50 0.00 9,062.50 0.00
Total Coupon 0.00 95,358.43 0.00 95,358.43 0.00
Custody Fee 05/23/2025 CCYUSD (297.52) Cash 0.00% (297.52) 0.00 (297.52) 0.00 Total Custody Fee (297.52) (297.52) 0.00 (297.52) 0.00
Dividend 05/31/2025 31846V203 0.00 FIRST AMER:GVT OBLG Y 3.94% 3,314.05 0.00 3,314.05 0.00 Total Dividend 0.00 3,314.05 0.00 3,314.05 0.00
Management Fee 05/12/2025 CCYUSD (3,043.22) Cash 0.00% (3,043.22) 0.00 (3,043.22) 0.00 Total
Management Fee (3,043.22) (3,043.22) 0.00 (3,043.22) 0.00 Principal Paydown 05/01/2025 3137BTUM1 726.19 FHMS K-061 A2 3.347 11/25/2026 4.23% 726.19 -- 726.19 26.07
Principal Paydown 05/01/2025 3137FBU79 866.67 FHMS K-069 A2 3.187 09/25/2027 4.13% 866.67 -- 866.67 34.16
Principal Paydown 05/01/2025 3137FMCR1 2,169.27 FHMS K-093 A2 2.982 05/25/2029 3.76% 2,169.27 -- 2,169.27 76.44

ATTACHMENT B

Page 18 of 54 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 05/15/2025 44933XAD9 32,578.82 HART 2023-B A3 5.48 04/17/2028 5.27% 32,578.82 -- 32,578.82 (174.35)
Principal Paydown 05/15/2025 47800BAC2 6,113.55 JDOT 2022-C A3 5.09 06/15/2027 5.09% 6,113.55 -- 6,113.55 0.48
Principal Paydown 05/15/2025 02582JJT8 350,000.00 AMXCA 2022-2 A 3.39 05/17/2027 4.14% 350,000.00 -- 350,000.00 6,617.19
Principal Paydown 05/15/2025 89238FAD5 14,817.55 TAOT 2022-B A3 2.93 09/15/2026 3.53% 14,817.55 -- 14,817.55 329.92
Principal Paydown 05/18/2025 43815PAC3 18,279.29 HAROT 2022-2 A3 3.73 07/20/2026 4.08% 18,279.29 -- 18,279.29 228.50
Total Principal
Paydown 425,551.34 425,551.34 -- 425,551.34 7,138.40

TOTAL OTHER
TRANSACTIONS 422,210.60 520,883.08 0.00 520,883.08 7,138.40

ATTACHMENT B

Page 19 of 54 ends

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
107,198.30
1,273,205.47
414,862.09
(1,580,869.26)
107,198.30

0.00 2,706.89

0.00 0.00

0.00 2,706.89
2,706.89
CCYUSD Payable

0.00 (334,874.74)

0.00 0.00

0.00 0.00
CCYUSD Receivable
38,064.05
2,706.89

0.00 0.00
38,064.05

0.00 0.00

0.00 Total Cash & Equivalents 145,262.35
941,037.62
414,862.09
(1,580,869.26)
145,262.35

0.00 2,706.89

0.00 0.00

0.00 2,706.89 2,706.89

FIXED INCOME
00287YBX6 ABBVIE INC 3.2 11/21/2029
04/29/2025
04/30/2025
400,000.00
380,696.00

0.00 0.00
380,696.00
5,688.89
6,400.00
355.56
1,066.67

0.00 0.00

0.00 1,066.67
1,066.67
023135BC9 AMAZON.COM INC 3.15
08/22/2027
09/14/2022
09/16/2022
250,000.00
238,730.00

0.00 0.00
238,730.00
1,509.38

0.00 2,165.63
656.25

0.00 0.00

0.00 656.25
656.25
02582JJT8 AMXCA 2022-2 A 3.39
05/17/2027
09/13/2022
09/15/2022

0.00 343,382.81

0.00 (343,382.81)

0.00 527.33
988.75

0.00 461.42

0.00 0.00

0.00 461.42
461.42
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029
04/16/2024
04/23/2024
110,000.00
109,977.45

0.00 0.00
109,977.45
255.69
479.42
255.69
479.42

0.00 0.00

0.00 479.42
479.42

ATTACHMENT B

Page 20 of 54 ends

0.00 0.00
324,714.00
2,426.67

0.00 3,726.67
1,300.00

0.00 0.00

0.00 1,300.00
1,300.00
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029
06/06/2024
06/13/2024
135,000.00
134,992.43

0.00 0.00
134,992.43
295.80
554.62
295.80
554.62

0.00 0.00

0.00 554.62
554.62
06051GJS9 BANK OF AMERICA CORP

1.734 07/22/2027
09/15/2022
09/19/2022
250,000.00
219,722.50

0.00 0.00
219,722.50
1,192.13

0.00 1,553.38
361.25

0.00 0.00

0.00 361.25
361.25
06051GMK2 BANK OF AMERICA CORP

4.979 01/24/2029
01/17/2025
01/24/2025
380,000.00
380,000.00

0.00 0.00
380,000.00
5,097.94

0.00 6,674.63
1,576.68

0.00 0.00

0.00 1,576.68
1,576.68
06406RBJ5 BANK OF NEW YORK MELLON
CORP 4.414 07/24/2026 350,000.00
348,501.00

0.00 0.00
348,501.00
4,162.65

0.00 5,450.06
1,287.42

0.00 0.00

0.00 1,287.42
1,287.42
09290DAH4 BLACKROCK INC 4.6
07/26/2027
07/18/2024
07/26/2024
475,000.00
475,408.50

0.00 0.00
475,408.50
5,765.97

0.00 7,586.81
1,820.83

0.00 0.00

0.00 1,820.83
1,820.83
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
120,000.00
119,981.77

0.00 0.00
119,981.77
103.60
518.00
103.60
518.00

0.00 0.00

0.00 518.00
518.00
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029
10/30/2024
11/05/2024
395,000.00
397,081.65

0.00 0.00
397,081.65
4,443.75

0.00 5,925.00
1,481.25

0.00 0.00

0.00 1,481.25
1,481.25
14913R3A3

CATERPILLAR FINANCIAL
SERVICES CORP 3.6
08/12/2027
09/13/2022
09/15/2022
250,000.00
242,635.00

0.00 0.00
242,635.00
1,975.00

0.00 2,725.00
750.00

0.00 0.00

0.00 750.00
750.00

ATTACHMENT B

Page 21 of 54 ends

CATERPILLAR FINANCIAL
SERVICES CORP 4.7
11/15/2029
11/12/2024
11/15/2024
150,000.00
149,755.50

0.00 0.00
149,755.50
3,250.83
3,525.00
313.33
587.50

0.00 0.00

0.00 587.50
587.50
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
280,000.00
279,922.38

0.00 0.00
279,922.38
642.13
1,204.00
642.13
1,204.00

0.00 0.00

0.00 1,204.00
1,204.00
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
08/22/2024
08/23/2024
450,000.00
456,678.00

0.00 0.00
456,678.00
4,417.50

0.00 6,161.25
1,743.75

0.00 0.00

0.00 1,743.75
1,743.75
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027
07/08/2024
07/09/2024
300,000.00
300,429.00

0.00 0.00
300,429.00
2,600.00

0.00 3,800.00
1,200.00

0.00 0.00

0.00 1,200.00
1,200.00
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/21/2024
02/26/2024
140,000.00
139,951.00

0.00 0.00
139,951.00
1,225.97

0.00 1,791.81
565.83

0.00 0.00

0.00 565.83
565.83
194162AT0 COLGATE-PALMOLIVE CO 4.2
05/01/2030
04/28/2025
05/02/2025
210,000.00
209,888.70

0.00 0.00
209,888.70

0.00 0.00
710.50
710.50

0.00 0.00

0.00 710.50
710.50
24422EWJ4 JOHN DEERE CAPITAL CORP

4.05 09/08/2025
09/21/2022
09/23/2022
125,000.00
123,933.75

0.00 0.00
123,933.75
745.31

0.00 1,167.19
421.88

0.00 0.00

0.00 421.88
421.88
24422EWK1 JOHN DEERE CAPITAL CORP

4.15 09/15/2027
09/13/2022
09/15/2022
250,000.00
248,480.00

0.00 0.00
248,480.00
1,325.69

0.00 2,190.28
864.58

0.00 0.00

0.00 864.58
864.58
26442CAS3 DUKE ENERGY CAROLINAS
LLC 2.95 12/01/2026
09/16/2022
09/20/2022
250,000.00
237,035.00

0.00 0.00
237,035.00
3,072.92

0.00 3,687.50
614.58

0.00 0.00

0.00 614.58
614.58

ATTACHMENT B

Page 22 of 54 ends

4.5 03/10/2028
03/22/2023
03/23/2023
500,000.00
510,315.00

0.00 0.00
510,315.00
3,187.50

0.00 5,062.50
1,875.00

0.00 0.00

0.00 1,875.00
1,875.00
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028
09/13/2023
09/15/2023
300,000.00
298,555.11

0.00 0.00
298,555.11
1,932.29

0.00 3,026.04
1,093.75

0.00 0.00

0.00 1,093.75
1,093.75
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
12/07/2023
12/08/2023
650,000.00
666,646.50

0.00 0.00
666,646.50
12,264.24

0.00 14,837.15
2,572.92

0.00 0.00

0.00 2,572.92
2,572.92
3133EPGW9

FEDERAL FARM CREDIT
BANKS FUNDING CORP 3.875
04/25/2028
04/24/2023
04/25/2023
250,000.00
251,255.00

0.00 0.00
251,255.00
161.46

0.00 968.75
807.29

0.00 0.00

0.00 807.29
807.29
3133EPWK7

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
09/22/2028
09/25/2023
09/26/2023
500,000.00
496,185.00

0.00 0.00
496,185.00
2,437.50

0.00 4,312.50
1,875.00

0.00 0.00

0.00 1,875.00
1,875.00
3133ERAK7

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
04/10/2029
04/08/2024
04/10/2024
400,000.00
398,068.00

0.00 0.00
398,068.00
1,020.83

0.00 2,479.17
1,458.33

0.00 0.00

0.00 1,458.33
1,458.33
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
05/08/2024
05/09/2024
500,000.00
504,355.00

0.00 0.00
504,355.00

65.97 0.00
2,045.14
1,979.17

0.00 0.00

0.00 1,979.17
1,979.17
3133ERFJ5

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
05/20/2027
05/23/2024
05/24/2024
450,000.00
446,330.25

0.00 0.00
446,330.25
9,056.25
10,125.00
618.75
1,687.50

0.00 0.00

0.00 1,687.50
1,687.50
3133ERKR1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/10/2026
07/19/2024
07/22/2024
650,000.00
650,981.50

0.00 0.00
650,981.50
9,269.27

0.00 11,774.48
2,505.21

0.00 0.00

0.00 2,505.21
2,505.21

ATTACHMENT B

Page 23 of 54 ends

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.25
07/23/2027
07/18/2024
07/23/2024
650,000.00
649,798.50

0.00 0.00
649,798.50
7,520.14

0.00 9,822.22
2,302.08

0.00 0.00

0.00 2,302.08
2,302.08
3135G0Q22

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

1.875 09/24/2026
09/14/2022
09/15/2022
650,000.00
605,208.50

0.00 0.00
605,208.50
1,252.60

0.00 2,268.23
1,015.63

0.00 0.00

0.00 1,015.63
1,015.63
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026
09/22/2022
09/27/2022
337,693.19
326,270.66

0.00 (700.12)
325,570.53
943.91
943.91
941.88
941.88

0.00 0.00

0.00 941.88
941.88
3137BVZ82 FHMS K-063 A2 3.43
01/25/2027
09/13/2022
09/16/2022
350,000.00
342,412.11

0.00 0.00
342,412.11
1,000.42
1,000.42
1,000.42
1,000.42

0.00 0.00

0.00 1,000.42
1,000.42
3137F2LJ3 FHMS K-066 A2 3.117
06/25/2027
09/13/2022
09/16/2022
350,000.00
337,640.63

0.00 0.00
337,640.63
909.13
909.13
909.13
909.13

0.00 0.00

0.00 909.13
909.13
3137FAWS3 FHMS K-067 A2 3.194
07/25/2027
09/22/2022
09/27/2022
310,000.00
295,856.25

0.00 0.00
295,856.25
825.12
825.12
825.12
825.12

0.00 0.00

0.00 825.12
825.12
3137FBU79 FHMS K-069 A2 3.187
09/25/2027
05/18/2023
05/23/2023
491,498.58
472,959.14

0.00 (832.51)
472,126.63
1,307.64
1,307.64
1,305.34
1,305.34

0.00 0.00

0.00 1,305.34
1,305.34
3137FG6X8 FHMS K-077 A2 3.85
05/25/2028
05/24/2023
05/30/2023
510,000.00
500,636.72

0.00 0.00
500,636.72
1,636.25
1,636.25
1,636.25
1,636.25

0.00 0.00

0.00 1,636.25
1,636.25
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028
07/18/2024
07/23/2024
500,000.00
486,640.63

0.00 0.00
486,640.63
1,607.92
1,607.92
1,607.92
1,607.92

0.00 0.00

0.00 1,607.92
1,607.92

ATTACHMENT B

Page 24 of 54 ends

0.00 0.00
384,812.50
1,257.00
1,257.00
1,257.00
1,257.00

0.00 0.00

0.00 1,257.00
1,257.00
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029
07/08/2024
07/11/2024
400,000.00
380,031.25

0.00 0.00
380,031.25
1,140.67
1,140.67
1,140.67
1,140.67

0.00 0.00

0.00 1,140.67
1,140.67
3137FLYV0 FHMS K-092 A2 3.298
04/25/2029
05/30/2024
06/04/2024
250,000.00
232,578.13

0.00 0.00
232,578.13
687.08
687.08
687.08
687.08

0.00 0.00

0.00 687.08
687.08
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029
09/19/2024
09/24/2024
347,830.74
337,667.97

0.00 (2,092.83)
335,575.14
869.75
869.75
864.36
864.36

0.00 0.00

0.00 864.36
864.36
3137H5YC5 FHMS K-748 A2 2.26
01/25/2029
10/17/2024
10/22/2024
525,000.00
485,030.27

0.00 0.00
485,030.27
988.75
988.75
988.75
988.75

0.00 0.00

0.00 988.75
988.75
341081GT8 FLORIDA POWER & LIGHT CO

5.15 06/15/2029
06/13/2024
06/17/2024
300,000.00
304,159.46

0.00 0.00
304,159.46
5,836.67

0.00 7,124.17
1,287.50

0.00 0.00

0.00 1,287.50
1,287.50
437076DC3 HOME DEPOT INC 4.75
06/25/2029
07/08/2024
07/09/2024
500,000.00
500,690.00

0.00 0.00
500,690.00
8,312.50

0.00 10,291.67
1,979.17

0.00 0.00

0.00 1,979.17
1,979.17
437921AD1 HAROT 252 A3 4.15
10/15/2029
04/29/2025
05/08/2025
125,000.00
124,986.04

0.00 0.00
124,986.04

0.00 0.00
331.42
331.42

0.00 0.00

0.00 331.42
331.42
43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026
09/21/2022
09/23/2022
85,322.27
102,306.54

0.00 (18,050.79)
84,255.74
139.55
322.03
114.92
297.41

0.00 0.00

0.00 297.41
297.41

ATTACHMENT B

Page 25 of 54 ends

0.00 0.00
84,981.26
188.51
353.46
188.51
353.46

0.00 0.00

0.00 353.46
353.46
44933XAD9 HART 2023-B A3 5.48
04/17/2028
07/11/2024
07/12/2024
465,519.54
500,763.97

0.00 (32,753.17)
468,010.80
1,213.15
2,274.65
1,133.80
2,195.30

0.00 0.00

0.00 2,195.30
2,195.30
4581X0EN4

INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
03/14/2024
03/18/2024
400,000.00
395,324.00

0.00 0.00
395,324.00
3,483.33

0.00 4,858.33
1,375.00

0.00 0.00

0.00 1,375.00
1,375.00
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
08/17/2023
08/21/2023
225,000.00
214,688.25

0.00 0.00
214,688.25
2,384.38

0.00 3,040.63
656.25

0.00 0.00

0.00 656.25
656.25
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
235,000.00
234,161.05

0.00 0.00
234,161.05
1,104.01

0.00 1,911.82
807.81

0.00 0.00

0.00 807.81
807.81
45950KDD9 INTERNATIONAL FINANCE
CORP 4.5 07/13/2028
07/06/2023
07/13/2023
230,000.00
229,744.70

0.00 0.00
229,744.70
3,105.00

0.00 3,967.50
862.50

0.00 0.00

0.00 862.50
862.50
46647PCB0 JPMORGAN CHASE & CO

1.578 04/22/2027
09/15/2022
09/19/2022
250,000.00
221,377.50

0.00 0.00
221,377.50

98.63 0.00
427.38
328.75

0.00 0.00

0.00 328.75
328.75
46647PEB8 JPMORGAN CHASE & CO

5.012 01/23/2030
05/14/2025
05/15/2025
300,000.00

0.00 302,478.00

0.00 (4,677.87)
5,346.13
668.26

0.00 0.00

0.00 668.26
668.26
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
65,000.00
64,987.29

0.00 0.00
64,987.29
150.22
281.67
150.22
281.67

0.00 0.00

0.00 281.67
281.67

ATTACHMENT B

Page 26 of 54 ends

0.00 0.00
303,117.19
730.67
1,370.00
730.67
1,370.00

0.00 0.00

0.00 1,370.00
1,370.00
47800BAC2 JDOT 2022-C A3 5.09
06/15/2027
10/12/2022
10/19/2022
46,477.19
52,586.66

0.00 (6,113.07)
46,473.58
118.97
223.07
105.14
209.24

0.00 0.00

0.00 209.24
209.24
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
185,000.00
184,988.36

0.00 0.00
184,988.36
347.80
652.13
347.80
652.13

0.00 0.00

0.00 652.13
652.13
532457CV8 ELI LILLY AND CO 4.75
02/12/2030
02/10/2025
02/12/2025
500,000.00
500,110.00

0.00 0.00
500,110.00
5,211.81

0.00 7,190.97
1,979.17

0.00 0.00

0.00 1,979.17
1,979.17
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028
05/17/2024
05/23/2024
70,000.00
69,991.81

0.00 0.00
69,991.81
165.51
310.33
165.51
310.33

0.00 0.00

0.00 310.33
310.33
58933YBH7 MERCK & CO INC 4.05
05/17/2028 300,000.00
299,617.50

0.00 0.00
299,617.50
5,535.00
6,075.00
472.50
1,012.50

0.00 0.00

0.00 1,012.50
1,012.50
61747YEC5 MORGAN STANLEY 1.512
07/20/2027
09/15/2022
09/19/2022
250,000.00
219,305.00

0.00 0.00
219,305.00
1,060.50

0.00 1,375.50
315.00

0.00 0.00

0.00 315.00
315.00
61747YET8 MORGAN STANLEY 4.679
07/17/2026
09/13/2022
09/15/2022
200,000.00
199,302.00

0.00 0.00
199,302.00
2,703.42

0.00 3,483.26
779.83

0.00 0.00

0.00 779.83
779.83
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
01/24/2024
01/31/2024
365,000.00
364,405.05

0.00 0.00
364,405.05
4,244.14

0.00 5,643.31
1,399.17

0.00 0.00

0.00 1,399.17
1,399.17

ATTACHMENT B

Page 27 of 54 ends

0.00 0.00
64,962.30
640.79

0.00 887.25
246.46

0.00 0.00

0.00 246.46
246.46
713448FX1 PEPSICO INC 4.5 07/17/2029
07/16/2024
07/17/2024
400,000.00
399,592.00

0.00 0.00
399,592.00
5,200.00

0.00 6,700.00
1,500.00

0.00 0.00

0.00 1,500.00
1,500.00
74340XBK6 PROLOGIS LP 3.25
10/01/2026
09/14/2022
09/16/2022
250,000.00
240,397.50

0.00 0.00
240,397.50
677.08

0.00 1,354.17
677.08

0.00 0.00

0.00 677.08
677.08
74456QBU9 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7 05/01/2028
09/06/2023
09/08/2023
300,000.00
282,837.00

0.00 0.00
282,837.00
5,550.00
5,550.00
925.00
925.00

0.00 0.00

0.00 925.00
925.00
857477CL5 STATE STREET CORP 4.993
03/18/2027
03/13/2024
03/18/2024
300,000.00
300,000.00

0.00 0.00
300,000.00
1,789.16

0.00 3,037.41
1,248.25

0.00 0.00

0.00 1,248.25
1,248.25
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029
04/24/2025
04/30/2025
120,000.00
119,993.12

0.00 0.00
119,993.12

14.47 217.00
231.47
434.00

0.00 0.00

0.00 434.00
434.00
89236TMK8 TOYOTA MOTOR CREDIT
CORP 4.55 08/09/2029
12/09/2024
12/10/2024
450,000.00
450,067.50

0.00 0.00
450,067.50
4,663.75

0.00 6,370.00
1,706.25

0.00 0.00

0.00 1,706.25
1,706.25
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
01/06/2025
01/09/2025
330,000.00
329,293.80

0.00 0.00
329,293.80
5,082.00

0.00 6,443.25
1,361.25

0.00 0.00

0.00 1,361.25
1,361.25
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026
09/13/2022
09/15/2022
65,010.75
78,050.87

0.00 (14,487.63)
63,563.25
103.95
194.91

84.66 175.61

0.00 0.00

0.00 175.61
175.61

ATTACHMENT B

Page 28 of 54 ends

0.00 0.00
119,993.30
234.67
440.00
234.67
440.00

0.00 0.00

0.00 440.00
440.00
9128282A7 UNITED STATES TREASURY 1.5
08/15/2026
09/13/2022
09/14/2022
650,000.00
597,923.83

0.00 0.00
597,923.83
2,020.03

0.00 2,854.97
834.94

0.00 0.00

0.00 834.94
834.94
9128287B0 UNITED STATES TREASURY

1.875 06/30/2026
09/15/2022
09/16/2022
650,000.00
606,632.81

0.00 0.00
606,632.81
4,073.72

0.00 5,117.40
1,043.68

0.00 0.00

0.00 1,043.68
1,043.68
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
09/14/2022
09/15/2022
650,000.00
618,591.80

0.00 0.00
618,591.80
1,376.37

0.00 2,752.73
1,376.37

0.00 0.00

0.00 1,376.37
1,376.37
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027
09/13/2022
09/14/2022
650,000.00
636,822.26

0.00 0.00
636,822.26
3,422.21

0.00 5,133.32
1,711.11

0.00 0.00

0.00 1,711.11
1,711.11
91282CFL0 UNITED STATES TREASURY

3.875 09/30/2029
11/14/2024
11/15/2024
350,000.00
343,656.25

0.00 0.00
343,656.25
1,148.74

0.00 2,297.47
1,148.74

0.00 0.00

0.00 1,148.74
1,148.74
91282CFU0 UNITED STATES TREASURY

4.125 10/31/2027
07/08/2024
07/09/2024
650,000.00
645,074.22

0.00 0.00
645,074.22

72.86 0.00
2,331.52
2,258.66

0.00 0.00

0.00 2,258.66
2,258.66
91282CGC9 UNITED STATES TREASURY

3.875 12/31/2027
01/24/2023
01/25/2023
350,000.00
354,470.70

0.00 0.00
354,470.70
4,533.32

0.00 5,694.75
1,161.43

0.00 0.00

0.00 1,161.43
1,161.43
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028
02/22/2023
02/23/2023
500,000.00
486,269.53

0.00 0.00
486,269.53
4,350.83

0.00 5,849.45
1,498.62

0.00 0.00

0.00 1,498.62
1,498.62

ATTACHMENT B

Page 29 of 54 ends

0.00 0.00
496,367.19
3,369.57

0.00 5,054.35
1,684.78

0.00 0.00

0.00 1,684.78
1,684.78
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028
04/24/2023
04/25/2023
350,000.00
350,259.77

0.00 0.00
350,259.77
1,074.62

0.00 2,149.25
1,074.62

0.00 0.00

0.00 1,074.62
1,074.62
91282CHE4 UNITED STATES TREASURY

3.625 05/31/2028
06/22/2023
06/23/2023
500,000.00
491,308.59

0.00 0.00
491,308.59
7,568.68

0.00 49.52
(7,519.16)

0.00 0.00

0.00 (7,519.16)
(7,519.16)
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028
09/20/2023
09/21/2023
500,000.00
489,179.69

0.00 0.00
489,179.69
6,685.08

0.00 8,397.79
1,712.71

0.00 0.00

0.00 1,712.71
1,712.71
91282CHQ7 UNITED STATES TREASURY

4.125 07/31/2028
08/24/2023
08/25/2023
350,000.00
345,953.13

0.00 0.00
345,953.13
3,589.43

0.00 4,825.79
1,236.36

0.00 0.00

0.00 1,236.36
1,236.36
91282CJA0 UNITED STATES TREASURY

4.625 09/30/2028
10/18/2023
10/19/2023
350,000.00
345,912.11

0.00 0.00
345,912.11
1,371.07

0.00 2,742.14
1,371.07

0.00 0.00

0.00 1,371.07
1,371.07
91282CJC6 UNITED STATES TREASURY

4.625 10/15/2026
07/19/2024
07/22/2024
500,000.00
502,148.44

0.00 0.00
502,148.44
1,010.93

0.00 2,969.60
1,958.67

0.00 0.00

0.00 1,958.67
1,958.67
91282CJR3 UNITED STATES TREASURY

3.75 12/31/2028
01/22/2024
01/23/2024
400,000.00
395,468.75

0.00 0.00
395,468.75
5,013.81

0.00 6,298.34
1,284.53

0.00 0.00

0.00 1,284.53
1,284.53
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029
02/12/2024
02/13/2024
650,000.00
646,013.67

0.00 0.00
646,013.67
6,464.09

0.00 8,690.61
2,226.52

0.00 0.00

0.00 2,226.52
2,226.52

ATTACHMENT B

Page 30 of 54 ends

4.125 03/31/2029
07/16/2024
07/17/2024
650,000.00
650,000.00

0.00 0.00
650,000.00
2,271.00

0.00 4,542.01
2,271.00

0.00 0.00

0.00 2,271.00
2,271.00
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
07/19/2024
07/22/2024
500,000.00
507,812.50

0.00 0.00
507,812.50
9,395.60

0.00 61.48
(9,334.13)

0.00 0.00

0.00 (9,334.13)
(9,334.13)
91282CKV2 UNITED STATES TREASURY

4.625 06/15/2027
07/08/2024
07/09/2024
650,000.00
653,833.98

0.00 0.00
653,833.98
11,314.73

0.00 13,875.00
2,560.27

0.00 0.00

0.00 2,560.27
2,560.27
91282CKX8 UNITED STATES TREASURY

4.25 06/30/2029
07/08/2024
07/09/2024
650,000.00
650,355.47

0.00 0.00
650,355.47
9,233.77

0.00 11,599.45
2,365.68

0.00 0.00

0.00 2,365.68
2,365.68
91282CKZ3 UNITED STATES TREASURY

4.375 07/15/2027
07/16/2024
07/17/2024
650,000.00
652,462.89

0.00 0.00
652,462.89
8,327.00

0.00 10,762.26
2,435.26

0.00 0.00

0.00 2,435.26
2,435.26
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
07/29/2024
07/31/2024
500,000.00
498,632.81

0.00 0.00
498,632.81
4,972.38

0.00 6,685.08
1,712.71

0.00 0.00

0.00 1,712.71
1,712.71
91282CLK5 UNITED STATES TREASURY

3.625 08/31/2029
09/17/2024
09/18/2024
500,000.00
504,218.75

0.00 0.00
504,218.75
3,053.67

0.00 4,580.50
1,526.83

0.00 0.00

0.00 1,526.83
1,526.83
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/19/2024
12/20/2024
700,000.00
691,386.72

0.00 0.00
691,386.72
12,057.69

0.00 78.89
(11,978.80)

0.00 0.00

0.00 (11,978.80)
(11,978.80)
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
05/29/2025
05/30/2025
500,000.00

0.00 504,570.31

0.00 (6,985.50)
7,102.90
117.40

0.00 0.00

0.00 117.40
117.40

ATTACHMENT B

Page 31 of 54 ends

0.00 0.00
505,625.00
1,693.99

0.00 3,387.98
1,693.99

0.00 0.00

0.00 1,693.99
1,693.99
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030
05/29/2025
05/30/2025
500,000.00

0.00 496,367.19

0.00 (1,579.48)
1,684.78
105.30

0.00 0.00

0.00 105.30
105.30
91324PEG3 UNITEDHEALTH GROUP INC

3.7 05/15/2027
09/13/2022
09/15/2022
250,000.00
244,607.50

0.00 0.00
244,607.50
4,265.28
4,625.00
411.11
770.83

0.00 0.00

0.00 770.83
770.83
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
210,000.00
209,968.79

0.00 0.00
209,968.79
400.40
750.75
400.40
750.75

0.00 0.00

0.00 750.75
750.75
Total Fixed Income 39,059,352.26
37,599,869.22
1,303,415.50
(418,412.94)
38,484,871.78
306,287.34
47,365.58
350,710.52
91,788.76

0.00 0.00

0.00 91,788.76 91,788.76
TOTAL PORTFOLIO 39,204,614.61
38,540,906.84
1,718,277.59
(1,999,282.20)
38,630,134.13
306,287.34
50,072.47
350,710.52
94,495.65

0.00 0.00

0.00 94,495.65 94,495.65

ATTACHMENT B

Page 32 of 54 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JUNE 2025
06/09/2025 Coupon 3130AXQK7 650,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 15,437.50 15,437.50 06/16/2025 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 06/16/2025 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 06/16/2025 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 06/16/2025 Coupon 341081GT8 300,000.00 FLORIDA POWER & LIGHT CO 5.15 06/15/2029 7,725.00 7,725.00 06/16/2025 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 533.16 533.16 06/16/2025 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 353.46 353.46 06/16/2025 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 2,125.87 2,125.87 06/16/2025 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 29,354.15 29,354.15 06/16/2025 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 281.67 281.67 06/16/2025 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,370.00 1,370.00 06/16/2025 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 9,644.44 9,644.44 06/16/2025 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 197.14 197.14 06/16/2025 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 3,877.86 3,877.86 06/16/2025 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 06/16/2025 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 310.37 310.37 06/16/2025 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 06/16/2025 Coupon 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 158.73 158.73 06/16/2025 Principal Paydown 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 13,608.72 13,608.72 06/16/2025 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 06/16/2025 Coupon 91282CKV2 650,000.00 UNITED STATES TREASURY 4.625 06/15/2027 15,031.25 15,031.25 06/16/2025 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 06/18/2025 Coupon 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 280.60 280.60 06/18/2025 Principal Paydown 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 15,916.62 15,916.62 06/25/2025 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 518.00 518.00 06/25/2025 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 941.88 941.88 06/25/2025 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 687.95 687.95 06/25/2025 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 06/25/2025 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 909.13 909.13 06/25/2025 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 06/25/2025 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,305.34 1,305.34

ATTACHMENT B

Page 33 of 54 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/25/2025 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 815.51 815.51 06/25/2025 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 06/25/2025 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 06/25/2025 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 06/25/2025 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 06/25/2025 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 06/25/2025 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 864.36 864.36 06/25/2025 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 2,169.26 2,169.26 06/25/2025 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 06/25/2025 Coupon 437076DC3 500,000.00 HOME DEPOT INC 4.75 06/25/2029 11,875.00 11,875.00 06/30/2025 Coupon 9128287B0 650,000.00 UNITED STATES TREASURY 1.875 06/30/2026 6,093.75 6,093.75 06/30/2025 Coupon 91282CGC9 350,000.00 UNITED STATES TREASURY 3.875 12/31/2027 6,781.25 6,781.25 06/30/2025 Coupon 91282CHK0 500,000.00 UNITED STATES TREASURY 4.0 06/30/2028 10,000.00 10,000.00 06/30/2025 Coupon 91282CJR3 400,000.00 UNITED STATES TREASURY 3.75 12/31/2028 7,500.00 7,500.00 06/30/2025 Coupon 91282CKX8 650,000.00 UNITED STATES TREASURY 4.25 06/30/2029 13,812.50 13,812.50 June 2025 Total 76,074.49 118,064.08 194,138.57
JULY 2025
07/09/2025 Coupon 89236TNA9 330,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 8,167.50 8,167.50 07/10/2025 Coupon 3133ERKR1 650,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 07/10/2026 15,031.25 15,031.25
07/14/2025 Coupon 459058KT9 225,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 3,937.50 3,937.50
07/14/2025 Coupon 45950KDD9 230,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 5,175.00 5,175.00
07/15/2025 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 07/15/2025 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 07/15/2025 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 07/15/2025 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 07/15/2025 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 353.46 353.46 07/15/2025 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 1,991.82 1,991.82 07/15/2025 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 28,943.42 28,943.42 07/15/2025 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 281.67 281.67

ATTACHMENT B

Page 34 of 54 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2025 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,325.96 1,325.96 07/15/2025 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 20,829.75 20,829.75 07/15/2025 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 180.69 180.69 07/15/2025 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 4,344.02 4,344.02 07/15/2025 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 07/15/2025 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 310.37 310.37 07/15/2025 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 07/15/2025 Coupon 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 125.51 125.51 07/15/2025 Principal Paydown 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 13,328.76 13,328.76 07/15/2025 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 07/15/2025 Coupon 91282CKZ3 650,000.00 UNITED STATES TREASURY 4.375 07/15/2027 14,218.75 14,218.75 07/15/2025 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 07/17/2025 Coupon 61747YET8 200,000.00 MORGAN STANLEY 4.679 07/17/2026 4,679.00 4,679.00 07/17/2025 Effective Maturity 61747YET8 200,000.00 MORGAN STANLEY 4.679 07/17/2026 200,000.00 200,000.00 07/17/2025 Coupon 713448FX1 400,000.00 PEPSICO INC 4.5 07/17/2029 9,000.00 9,000.00 07/18/2025 Coupon 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 231.12 231.12 07/18/2025 Principal Paydown 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 15,521.09 15,521.09 07/21/2025 Coupon 61747YEC5 250,000.00 MORGAN STANLEY 1.512 07/20/2027 1,890.00 1,890.00 07/22/2025 Coupon 06051GJS9 250,000.00 BANK OF AMERICA CORP 1.734 07/22/2027 2,167.50 2,167.50 07/23/2025 Coupon 3133ERMB4 650,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.25 07/23/2027 13,812.50 13,812.50
07/23/2025 Coupon 46647PEB8 300,000.00 JPMORGAN CHASE & CO 5.012 01/23/2030 7,518.00 7,518.00 07/24/2025 Coupon 06051GMK2 380,000.00 BANK OF AMERICA CORP 4.979 01/24/2029 9,460.10 9,460.10 07/24/2025 Coupon 06406RBJ5 350,000.00 BANK OF NEW YORK MELLON CORP 4.414 07/24/2026 7,724.50 7,724.50
07/24/2025 Effective Maturity 06406RBJ5 350,000.00 BANK OF NEW YORK MELLON CORP 4.414 07/24/2026 350,000.00 350,000.00
07/25/2025 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 518.00 518.00 07/25/2025 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 939.96 939.96 07/25/2025 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 730.53 730.53 07/25/2025 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 07/25/2025 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 909.13 909.13

ATTACHMENT B

Page 35 of 54 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/25/2025 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 07/25/2025 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,303.17 1,303.17 07/25/2025 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 872.01 872.01 07/25/2025 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 07/25/2025 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 07/25/2025 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 07/25/2025 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 07/25/2025 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 07/25/2025 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 863.43 863.43 07/25/2025 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 407.85 407.85 07/25/2025 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 07/28/2025 Coupon 09290DAH4 475,000.00 BLACKROCK INC 4.6 07/26/2027 10,925.00 10,925.00 07/31/2025 Coupon 69371RS80 365,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 8,395.00 8,395.00 07/31/2025 Coupon 91282CGH8 500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 8,750.00 8,750.00 07/31/2025 Coupon 91282CHQ7 350,000.00 UNITED STATES TREASURY 4.125 07/31/2028 7,218.75 7,218.75 07/31/2025 Coupon 91282CJW2 650,000.00 UNITED STATES TREASURY 4.0 01/31/2029 13,000.00 13,000.00 07/31/2025 Coupon 91282CLC3 500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 10,000.00 10,000.00 07/31/2025 Coupon 91282CMG3 500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 10,625.00 10,625.00 July 2025 Total 634,977.42 195,120.04 830,097.46
AUGUST 2025
08/01/2025 Coupon 13063EGT7 395,000.00 CALIFORNIA STATE 4.5 08/01/2029 8,887.50 8,887.50 08/11/2025 Coupon 89236TMK8 450,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 10,237.50 10,237.50 08/12/2025 Coupon 14913R3A3 250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.6 08/12/2027 4,500.00 4,500.00
08/12/2025 Coupon 532457CV8 500,000.00 ELI LILLY AND CO 4.75 02/12/2030 11,875.00 11,875.00 08/13/2025 Coupon 713448FQ6 65,000.00 PEPSICO INC 4.55 02/13/2026 1,478.75 1,478.75 08/15/2025 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 08/15/2025 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 08/15/2025 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 08/15/2025 Coupon 171239AL0 450,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 10,462.50 10,462.50 08/15/2025 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 08/15/2025 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 353.46 353.46

ATTACHMENT B

Page 36 of 54 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/15/2025 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 1,859.65 1,859.65 08/15/2025 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 28,057.25 28,057.25 08/15/2025 Coupon 4581X0EN4 400,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 8,250.00 8,250.00
08/15/2025 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 281.67 281.67 08/15/2025 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,230.83 1,230.83 08/15/2025 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 15,816.25 15,816.25 08/15/2025 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 162.27 162.27 08/15/2025 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 4,188.87 4,188.87 08/15/2025 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 08/15/2025 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 310.37 310.37 08/15/2025 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 08/15/2025 Coupon 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 92.96 92.96 08/15/2025 Principal Paydown 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 12,967.99 12,967.99 08/15/2025 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 08/15/2025 Coupon 9128282A7 650,000.00 UNITED STATES TREASURY 1.5 08/15/2026 4,875.00 4,875.00 08/15/2025 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 08/18/2025 Coupon 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 182.88 182.88 08/18/2025 Principal Paydown 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 15,046.68 15,046.68 08/22/2025 Coupon 023135BC9 250,000.00 AMAZON.COM INC 3.15 08/22/2027 3,937.50 3,937.50 08/25/2025 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 518.00 518.00 08/25/2025 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 937.93 937.93 08/25/2025 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 692.47 692.47 08/25/2025 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 08/25/2025 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 909.13 909.13 08/25/2025 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 08/25/2025 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,300.86 1,300.86 08/25/2025 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 821.05 821.05 08/25/2025 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 08/25/2025 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 08/25/2025 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 08/25/2025 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67

ATTACHMENT B

Page 37 of 54 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2025 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 08/25/2025 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 862.42 862.42 08/25/2025 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 376.77 376.77 08/25/2025 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 08/26/2025 Coupon 17275RBQ4 300,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 7,200.00 7,200.00 08/26/2025 Coupon 17275RBR2 140,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 3,395.00 3,395.00 August 2025 Total 77,967.31 98,191.57 176,158.88
SEPTEMBER 2025
09/02/2025 Coupon 91282CFH9 650,000.00 UNITED STATES TREASURY 3.125 08/31/2027 10,156.25 10,156.25 09/02/2025 Coupon 91282CGP0 500,000.00 UNITED STATES TREASURY 4.0 02/29/2028 10,000.00 10,000.00 09/02/2025 Coupon 91282CLK5 500,000.00 UNITED STATES TREASURY 3.625 08/31/2029 9,062.50 9,062.50 09/05/2025 Coupon 02665WFY2 325,000.00 AMERICAN HONDA FINANCE CORP 4.8 03/05/2030 7,800.00 7,800.00
09/08/2025 Coupon 24422EWJ4 125,000.00 JOHN DEERE CAPITAL CORP 4.05 09/08/2025 2,531.25 2,531.25 09/08/2025 Final Maturity 24422EWJ4 125,000.00 JOHN DEERE CAPITAL CORP 4.05 09/08/2025 125,000.00 125,000.00 09/08/2025 Coupon 3130AWTR1 300,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 6,562.50 6,562.50
09/10/2025 Coupon 3130ATS57 500,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 11,250.00 11,250.00 09/15/2025 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 09/15/2025 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 09/15/2025 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 09/15/2025 Coupon 24422EWK1 250,000.00 JOHN DEERE CAPITAL CORP 4.15 09/15/2027 5,187.50 5,187.50 09/15/2025 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 09/15/2025 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 353.46 353.46 09/15/2025 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 1,731.52 1,731.52 09/15/2025 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 27,519.50 27,519.50 09/15/2025 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 281.67 281.67 09/15/2025 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,158.61 1,158.61 09/15/2025 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 12,793.88 12,793.88 09/15/2025 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 144.50 144.50 09/15/2025 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 3,589.63 3,589.63 09/15/2025 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2025 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 310.37 310.37 09/15/2025 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 09/15/2025 Coupon 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 61.30 61.30 09/15/2025 Principal Paydown 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 12,684.70 12,684.70 09/15/2025 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 09/15/2025 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 09/18/2025 Coupon 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 136.11 136.11 09/18/2025 Principal Paydown 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 14,667.70 14,667.70 09/18/2025 Coupon 857477CL5 300,000.00 STATE STREET CORP 4.993 03/18/2027 7,489.50 7,489.50 09/22/2025 Coupon 3133EPWK7 500,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 11,250.00 11,250.00
09/22/2025 Coupon 459058LR2 235,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 4,846.88 4,846.88
09/24/2025 Coupon 3135G0Q22 650,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

1.875 09/24/2026 6,093.75 6,093.75
09/25/2025 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 518.00 518.00 09/25/2025 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 935.99 935.99 09/25/2025 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 694.67 694.67 09/25/2025 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 09/25/2025 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 909.13 909.13 09/25/2025 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 09/25/2025 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,298.68 1,298.68 09/25/2025 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 823.75 823.75 09/25/2025 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 09/25/2025 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 09/25/2025 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 09/25/2025 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 09/25/2025 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 09/25/2025 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 861.48 861.48 09/25/2025 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 377.88 377.88 09/25/2025 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 09/30/2025 Coupon 91282CEF4 650,000.00 UNITED STATES TREASURY 2.5 03/31/2027 8,125.00 8,125.00

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/30/2025 Coupon 91282CFL0 350,000.00 UNITED STATES TREASURY 3.875 09/30/2029 6,781.25 6,781.25 09/30/2025 Coupon 91282CGT2 350,000.00 UNITED STATES TREASURY 3.625 03/31/2028 6,343.75 6,343.75 09/30/2025 Coupon 91282CJA0 350,000.00 UNITED STATES TREASURY 4.625 09/30/2028 8,093.75 8,093.75 09/30/2025 Coupon 91282CKG5 650,000.00 UNITED STATES TREASURY 4.125 03/31/2029 13,406.25 13,406.25 09/30/2025 Coupon 91282CMU2 500,000.00 UNITED STATES TREASURY 4.0 03/31/2030 10,000.00 10,000.00 September 2025
Total 198,151.70 167,771.33 365,923.04
OCTOBER 2025
10/01/2025 Coupon 74340XBK6 250,000.00 PROLOGIS LP 3.25 10/01/2026 4,062.50 4,062.50 10/10/2025 Coupon 3133ERAK7 400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 04/10/2029 8,750.00 8,750.00
10/15/2025 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 10/15/2025 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 10/15/2025 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 10/15/2025 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 10/15/2025 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 353.46 353.46 10/15/2025 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 1,605.85 1,605.85 10/15/2025 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 26,323.92 26,323.92 10/15/2025 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 281.67 281.67 10/15/2025 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,100.18 1,100.18 10/15/2025 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 14,952.96 14,952.96 10/15/2025 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 129.27 129.27 10/15/2025 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 2,679.31 2,679.31 10/15/2025 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 10/15/2025 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 310.37 310.37 10/15/2025 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 10/15/2025 Coupon 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 30.33 30.33 10/15/2025 Principal Paydown 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 12,180.83 12,180.83 10/15/2025 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 10/15/2025 Coupon 91282CJC6 500,000.00 UNITED STATES TREASURY 4.625 10/15/2026 11,562.50 11,562.50 10/15/2025 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 10/20/2025 Coupon 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 90.52 90.52

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/20/2025 Principal Paydown 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 14,139.30 14,139.30 10/22/2025 Coupon 46647PCB0 250,000.00 JPMORGAN CHASE & CO 1.578 04/22/2027 1,972.50 1,972.50 10/27/2025 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 518.00 518.00 10/27/2025 Coupon 3133EPGW9 250,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

3.875 04/25/2028 4,843.75 4,843.75
10/27/2025 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 934.06 934.06 10/27/2025 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 737.02 737.02 10/27/2025 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 10/27/2025 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 909.13 909.13 10/27/2025 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 10/27/2025 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,296.49 1,296.49 10/27/2025 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 879.98 879.98 10/27/2025 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 10/27/2025 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 10/27/2025 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 10/27/2025 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 10/27/2025 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 10/27/2025 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 860.54 860.54 10/27/2025 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 411.07 411.07 10/27/2025 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 10/30/2025 Coupon 3133ERDH1 500,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 11,875.00 11,875.00
10/31/2025 Coupon 91282CFU0 650,000.00 UNITED STATES TREASURY 4.125 10/31/2027 13,406.25 13,406.25 10/31/2025 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 October 2025 Total 72,304.39 88,670.26 160,974.64
NOVEMBER 2025
11/03/2025 Coupon 194162AT0 210,000.00 COLGATE-PALMOLIVE CO 4.2 05/01/2030 4,385.50 4,385.50 11/03/2025 Coupon 74456QBU9 300,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 5,550.00 5,550.00
11/17/2025 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 11/17/2025 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/17/2025 Coupon 14913UAU4 150,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 3,525.00 3,525.00
11/17/2025 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 11/17/2025 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 11/17/2025 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 353.46 353.46 11/17/2025 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 1,485.63 1,485.63 11/17/2025 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 25,673.76 25,673.76 11/17/2025 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 281.67 281.67 11/17/2025 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,031.90 1,031.90 11/17/2025 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 16,023.77 16,023.77 11/17/2025 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 117.91 117.91 11/17/2025 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 2,936.64 2,936.64 11/17/2025 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 11/17/2025 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 310.37 310.37 11/17/2025 Coupon 58933YBH7 300,000.00 MERCK & CO INC 4.05 05/17/2028 6,075.00 6,075.00 11/17/2025 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 11/17/2025 Coupon 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 0.59 0.59 11/17/2025 Effective Maturity 89238FAD5 65,010.75 TAOT 2022-B A3 2.93 09/15/2026 239.75 239.75 11/17/2025 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 11/17/2025 Coupon 91324PEG3 250,000.00 UNITEDHEALTH GROUP INC 3.7 05/15/2027 4,625.00 4,625.00 11/17/2025 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 11/18/2025 Coupon 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 46.57 46.57 11/18/2025 Principal Paydown 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 13,763.55 13,763.55 11/20/2025 Coupon 3133ERFJ5 450,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 10,125.00 10,125.00
11/21/2025 Coupon 00287YBX6 400,000.00 ABBVIE INC 3.2 11/21/2029 6,400.00 6,400.00 11/25/2025 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 518.00 518.00 11/25/2025 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 932.00 932.00 11/25/2025 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 699.23 699.23 11/25/2025 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 11/25/2025 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 909.13 909.13 11/25/2025 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2025 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,294.15 1,294.15 11/25/2025 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 829.35 829.35 11/25/2025 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 11/25/2025 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 11/25/2025 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 11/25/2025 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 11/25/2025 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 11/25/2025 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 859.52 859.52 11/25/2025 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 380.23 380.23 11/25/2025 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 November 2025
Total 60,546.26 62,916.79 123,463.05
DECEMBER 2025
12/01/2025 Coupon 26442CAS3 250,000.00 DUKE ENERGY CAROLINAS LLC 2.95 12/01/2026 3,687.50 3,687.50
12/01/2025 Coupon 91282CHE4 500,000.00 UNITED STATES TREASURY 3.625 05/31/2028 9,062.50 9,062.50 12/01/2025 Coupon 91282CKT7 500,000.00 UNITED STATES TREASURY 4.5 05/31/2029 11,250.00 11,250.00 12/01/2025 Coupon 91282CMA6 700,000.00 UNITED STATES TREASURY 4.125 11/30/2029 14,437.50 14,437.50 12/08/2025 Coupon 3130AXQK7 650,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 15,437.50 15,437.50 12/15/2025 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 12/15/2025 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 12/15/2025 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 12/15/2025 Coupon 341081GT8 300,000.00 FLORIDA POWER & LIGHT CO 5.15 06/15/2029 7,725.00 7,725.00 12/15/2025 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 12/15/2025 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 353.46 353.46 12/15/2025 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 1,368.39 1,368.39 12/15/2025 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 24,273.29 24,273.29 12/15/2025 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 281.67 281.67 12/15/2025 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 958.72 958.72 12/15/2025 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 11,899.36 11,899.36 12/15/2025 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 105.45 105.45 12/15/2025 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 2,388.36 2,388.36

ATTACHMENT B

Page 43 of 54 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2025 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 12/15/2025 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 310.37 310.37 12/15/2025 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 12/15/2025 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 12/15/2025 Coupon 91282CKV2 650,000.00 UNITED STATES TREASURY 4.625 06/15/2027 15,031.25 15,031.25 12/15/2025 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 12/18/2025 Coupon 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 3.79 3.79 12/18/2025 Effective Maturity 43815PAC3 85,322.27 HAROT 2022-2 A3 3.73 07/20/2026 1,217.71 1,217.71 12/25/2025 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 518.00 518.00 12/25/2025 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 930.05 930.05 12/25/2025 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 741.42 741.42 12/25/2025 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 12/25/2025 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 909.13 909.13 12/25/2025 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 12/25/2025 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,291.95 1,291.95 12/25/2025 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 885.39 885.39 12/25/2025 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 12/25/2025 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 12/25/2025 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 12/25/2025 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 12/25/2025 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 12/25/2025 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 858.57 858.57 12/25/2025 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 413.28 413.28 12/25/2025 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 12/26/2025 Coupon 437076DC3 500,000.00 HOME DEPOT INC 4.75 06/25/2029 11,875.00 11,875.00 12/31/2025 Coupon 9128287B0 650,000.00 UNITED STATES TREASURY 1.875 06/30/2026 6,093.75 6,093.75 12/31/2025 Coupon 91282CGC9 350,000.00 UNITED STATES TREASURY 3.875 12/31/2027 6,781.25 6,781.25 12/31/2025 Coupon 91282CHK0 500,000.00 UNITED STATES TREASURY 4.0 06/30/2028 10,000.00 10,000.00 12/31/2025 Coupon 91282CJR3 400,000.00 UNITED STATES TREASURY 3.75 12/31/2028 7,500.00 7,500.00 12/31/2025 Coupon 91282CKX8 650,000.00 UNITED STATES TREASURY 4.25 06/30/2029 13,812.50 13,812.50 December 2025
Total 41,818.81 154,673.70 196,492.51

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JANUARY 2026
01/09/2026 Coupon 89236TNA9 330,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 8,167.50 8,167.50 01/12/2026 Coupon 3133ERKR1 650,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 07/10/2026 15,031.25 15,031.25
01/12/2026 Coupon 459058KT9 225,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 3,937.50 3,937.50
01/13/2026 Coupon 45950KDD9 230,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 5,175.00 5,175.00
01/13/2026 Coupon 713448FQ6 65,000.00 PEPSICO INC 4.55 02/13/2026 1,232.29 1,232.29 01/13/2026 Effective Maturity 713448FQ6 65,000.00 PEPSICO INC 4.55 02/13/2026 65,000.00 65,000.00 01/15/2026 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 01/15/2026 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 01/15/2026 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 01/15/2026 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 01/15/2026 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 353.46 353.46 01/15/2026 Principal Paydown 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 2,213.26 2,213.26 01/15/2026 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 1,257.54 1,257.54 01/15/2026 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 23,776.38 23,776.38 01/15/2026 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 281.67 281.67 01/15/2026 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 904.38 904.38 01/15/2026 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 17,215.37 17,215.37 01/15/2026 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 95.32 95.32 01/15/2026 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 3,861.12 3,861.12 01/15/2026 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 01/15/2026 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 310.37 310.37 01/15/2026 Principal Paydown 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,219.84 4,219.84 01/15/2026 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 01/15/2026 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 01/15/2026 Coupon 91282CKZ3 650,000.00 UNITED STATES TREASURY 4.375 07/15/2027 14,218.75 14,218.75 01/15/2026 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 01/20/2026 Coupon 61747YEC5 250,000.00 MORGAN STANLEY 1.512 07/20/2027 1,890.00 1,890.00 01/20/2026 Coupon 713448FX1 400,000.00 PEPSICO INC 4.5 07/17/2029 9,000.00 9,000.00

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/22/2026 Coupon 06051GJS9 250,000.00 BANK OF AMERICA CORP 1.734 07/22/2027 2,167.50 2,167.50 01/23/2026 Coupon 3133ERMB4 650,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.25 07/23/2027 13,812.50 13,812.50
01/23/2026 Coupon 46647PEB8 300,000.00 JPMORGAN CHASE & CO 5.012 01/23/2030 7,518.00 7,518.00 01/26/2026 Coupon 06051GMK2 380,000.00 BANK OF AMERICA CORP 4.979 01/24/2029 9,460.10 9,460.10 01/26/2026 Coupon 09290DAH4 475,000.00 BLACKROCK INC 4.6 07/26/2027 10,925.00 10,925.00 01/26/2026 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 518.00 518.00 01/26/2026 Principal Paydown 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 752.62 752.62 01/26/2026 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 927.98 927.98 01/26/2026 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 703.81 703.81 01/26/2026 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 01/26/2026 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 909.13 909.13 01/26/2026 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 01/26/2026 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,289.60 1,289.60 01/26/2026 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 834.98 834.98 01/26/2026 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 01/26/2026 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 01/26/2026 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 01/26/2026 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 01/26/2026 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 01/26/2026 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 857.55 857.55 01/26/2026 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 382.59 382.59 01/26/2026 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 January 2026 Total 118,959.98 124,330.79 243,290.77
FEBRUARY 2026
02/02/2026 Coupon 13063EGT7 395,000.00 CALIFORNIA STATE 4.5 08/01/2029 8,887.50 8,887.50 02/02/2026 Coupon 69371RS80 365,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 8,395.00 8,395.00 02/02/2026 Coupon 91282CGH8 500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 8,750.00 8,750.00 02/02/2026 Coupon 91282CHQ7 350,000.00 UNITED STATES TREASURY 4.125 07/31/2028 7,218.75 7,218.75 02/02/2026 Coupon 91282CJW2 650,000.00 UNITED STATES TREASURY 4.0 01/31/2029 13,000.00 13,000.00 02/02/2026 Coupon 91282CLC3 500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 10,000.00 10,000.00 02/02/2026 Coupon 91282CMG3 500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 10,625.00 10,625.00

ATTACHMENT B

Page 46 of 54 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/09/2026 Coupon 89236TMK8 450,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 10,237.50 10,237.50 02/12/2026 Coupon 14913R3A3 250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.6 08/12/2027 4,500.00 4,500.00
02/12/2026 Coupon 532457CV8 500,000.00 ELI LILLY AND CO 4.75 02/12/2030 11,875.00 11,875.00 02/16/2026 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 02/16/2026 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 02/16/2026 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 344.25 344.25 02/16/2026 Principal Paydown 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 4,600.88 4,600.88 02/16/2026 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 1,148.96 1,148.96 02/16/2026 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 21,292.22 21,292.22 02/16/2026 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 281.67 281.67 02/16/2026 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 825.76 825.76 02/16/2026 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 15,671.20 15,671.20 02/16/2026 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 78.94 78.94 02/16/2026 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 3,484.72 3,484.72 02/16/2026 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 02/16/2026 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 291.66 291.66 02/16/2026 Principal Paydown 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,799.34 4,799.34 02/16/2026 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 02/16/2026 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 02/17/2026 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 02/17/2026 Coupon 171239AL0 450,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 10,462.50 10,462.50 02/17/2026 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 02/17/2026 Coupon 4581X0EN4 400,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 8,250.00 8,250.00
02/17/2026 Coupon 9128282A7 650,000.00 UNITED STATES TREASURY 1.5 08/15/2026 4,875.00 4,875.00 02/17/2026 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 02/23/2026 Coupon 023135BC9 250,000.00 AMAZON.COM INC 3.15 08/22/2027 3,937.50 3,937.50 02/25/2026 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 514.75 514.75 02/25/2026 Principal Paydown 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 6,661.90 6,661.90 02/25/2026 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 926.02 926.02 02/25/2026 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 706.05 706.05

ATTACHMENT B

Page 47 of 54 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2026 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 02/25/2026 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 909.13 909.13 02/25/2026 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 02/25/2026 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,287.38 1,287.38 02/25/2026 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 837.72 837.72 02/25/2026 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 02/25/2026 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 02/25/2026 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 02/25/2026 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 02/25/2026 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 02/25/2026 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 856.60 856.60 02/25/2026 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 383.71 383.71 02/25/2026 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 02/26/2026 Coupon 17275RBQ4 300,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 7,200.00 7,200.00 02/26/2026 Coupon 17275RBR2 140,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 3,395.00 3,395.00 February 2026
Total 58,437.74 153,164.28 211,602.03
MARCH 2026
03/02/2026 Coupon 91282CFH9 650,000.00 UNITED STATES TREASURY 3.125 08/31/2027 10,156.25 10,156.25 03/02/2026 Coupon 91282CGP0 500,000.00 UNITED STATES TREASURY 4.0 02/29/2028 10,000.00 10,000.00 03/02/2026 Coupon 91282CLK5 500,000.00 UNITED STATES TREASURY 3.625 08/31/2029 9,062.50 9,062.50 03/05/2026 Coupon 02665WFY2 325,000.00 AMERICAN HONDA FINANCE CORP 4.8 03/05/2030 7,800.00 7,800.00
03/09/2026 Coupon 3130AWTR1 300,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 6,562.50 6,562.50
03/10/2026 Coupon 3130ATS57 500,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 11,250.00 11,250.00 03/16/2026 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 03/16/2026 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 03/16/2026 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 03/16/2026 Coupon 24422EWK1 250,000.00 JOHN DEERE CAPITAL CORP 4.15 09/15/2027 5,187.50 5,187.50 03/16/2026 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 03/16/2026 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 325.12 325.12

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/16/2026 Principal Paydown 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 4,455.44 4,455.44 03/16/2026 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 1,051.73 1,051.73 03/16/2026 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 20,654.29 20,654.29 03/16/2026 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 281.67 281.67 03/16/2026 Principal Paydown 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 408.54 408.54 03/16/2026 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 754.20 754.20 03/16/2026 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 12,932.67 12,932.67 03/16/2026 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 64.16 64.16 03/16/2026 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 3,032.09 3,032.09 03/16/2026 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 03/16/2026 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 270.38 270.38 03/16/2026 Principal Paydown 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,520.47 4,520.47 03/16/2026 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 03/16/2026 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 03/16/2026 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 03/18/2026 Coupon 857477CL5 300,000.00 STATE STREET CORP 4.993 03/18/2027 7,489.50 7,489.50 03/20/2026 Coupon 459058LR2 235,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 4,846.88 4,846.88
03/23/2026 Coupon 3133EPWK7 500,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 11,250.00 11,250.00
03/24/2026 Coupon 3135G0Q22 650,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

1.875 09/24/2026 6,093.75 6,093.75
03/25/2026 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 485.99 485.99 03/25/2026 Principal Paydown 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 6,456.14 6,456.14 03/25/2026 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 924.05 924.05 03/25/2026 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 827.44 827.44 03/25/2026 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 03/25/2026 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 909.13 909.13 03/25/2026 Principal Paydown 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 2,672.83 2,672.83 03/25/2026 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 03/25/2026 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,285.15 1,285.15 03/25/2026 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 999.53 999.53

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/25/2026 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 03/25/2026 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 03/25/2026 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 03/25/2026 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 03/25/2026 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 03/25/2026 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 855.64 855.64 03/25/2026 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 479.95 479.95 03/25/2026 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 03/31/2026 Coupon 91282CEF4 650,000.00 UNITED STATES TREASURY 2.5 03/31/2027 8,125.00 8,125.00 03/31/2026 Coupon 91282CFL0 350,000.00 UNITED STATES TREASURY 3.875 09/30/2029 6,781.25 6,781.25 03/31/2026 Coupon 91282CGT2 350,000.00 UNITED STATES TREASURY 3.625 03/31/2028 6,343.75 6,343.75 03/31/2026 Coupon 91282CJA0 350,000.00 UNITED STATES TREASURY 4.625 09/30/2028 8,093.75 8,093.75 03/31/2026 Coupon 91282CKG5 650,000.00 UNITED STATES TREASURY 4.125 03/31/2029 13,406.25 13,406.25 03/31/2026 Coupon 91282CMU2 500,000.00 UNITED STATES TREASURY 4.0 03/31/2030 10,000.00 10,000.00 March 2026 Total 57,439.38 163,746.52 221,185.89
APRIL 2026
04/01/2026 Coupon 74340XBK6 250,000.00 PROLOGIS LP 3.25 10/01/2026 4,062.50 4,062.50 04/10/2026 Coupon 3133ERAK7 400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 04/10/2029 8,750.00 8,750.00
04/15/2026 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 04/15/2026 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 04/15/2026 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 04/15/2026 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 04/15/2026 Coupon 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 306.60 306.60 04/15/2026 Principal Paydown 448973AD9 85,000.00 HART 2024-A A3 4.99 02/15/2029 4,688.50 4,688.50 04/15/2026 Coupon 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 957.41 957.41 04/15/2026 Principal Paydown 44933XAD9 465,519.54 HART 2023-B A3 5.48 04/17/2028 21,203.79 21,203.79 04/15/2026 Coupon 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 279.90 279.90 04/15/2026 Principal Paydown 47786WAD2 65,000.00 JDOT 2024-B A3 5.2 03/15/2029 4,579.65 4,579.65 04/15/2026 Coupon 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 695.14 695.14 04/15/2026 Principal Paydown 47787CAC7 300,000.00 JDOT 2023-C A3 5.48 05/15/2028 16,237.43 16,237.43 04/15/2026 Coupon 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 51.30 51.30

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2026 Principal Paydown 47800BAC2 46,477.19 JDOT 2022-C A3 5.09 06/15/2027 3,798.46 3,798.46 04/15/2026 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 04/15/2026 Coupon 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 250.34 250.34 04/15/2026 Principal Paydown 58770JAD6 70,000.00 MBALT 2024-A A3 5.32 01/18/2028 5,040.97 5,040.97 04/15/2026 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 04/15/2026 Coupon 89239TAD4 120,000.00 TAOT 2024-D A3 4.4 06/15/2029 440.00 440.00 04/15/2026 Coupon 91282CJC6 500,000.00 UNITED STATES TREASURY 4.625 10/15/2026 11,562.50 11,562.50 04/15/2026 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 04/22/2026 Coupon 46647PCB0 250,000.00 JPMORGAN CHASE & CO 1.578 04/22/2027 1,972.50 1,972.50 04/22/2026 Effective Maturity 46647PCB0 250,000.00 JPMORGAN CHASE & CO 1.578 04/22/2027 250,000.00 250,000.00 04/27/2026 Coupon 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 458.13 458.13 04/27/2026 Principal Paydown 096919AD7 120,000.00 BMWOT 2024-A A3 5.18 02/26/2029 6,491.74 6,491.74 04/27/2026 Coupon 3133EPGW9 250,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

3.875 04/25/2028 4,843.75 4,843.75
04/27/2026 Coupon 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 921.74 921.74 04/27/2026 Principal Paydown 3137BTUM1 337,693.19 FHMS K-061 A2 3.347 11/25/2026 710.95 710.95 04/27/2026 Coupon 3137BVZ82 350,000.00 FHMS K-063 A2 3.43 01/25/2027 1,000.42 1,000.42 04/27/2026 Coupon 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 902.18 902.18 04/27/2026 Principal Paydown 3137F2LJ3 350,000.00 FHMS K-066 A2 3.117 06/25/2027 529.48 529.48 04/27/2026 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 04/27/2026 Coupon 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 1,282.50 1,282.50 04/27/2026 Principal Paydown 3137FBU79 491,498.58 FHMS K-069 A2 3.187 09/25/2027 843.77 843.77 04/27/2026 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 04/27/2026 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 04/27/2026 Coupon 3137FKUP9 400,000.00 FHMS K-087 A2 3.771 12/25/2028 1,257.00 1,257.00 04/27/2026 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 04/27/2026 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 04/27/2026 Coupon 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 854.45 854.45 04/27/2026 Principal Paydown 3137FMCR1 345,661.47 FHMS K-093 A2 2.982 05/25/2029 386.33 386.33 04/27/2026 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 04/30/2026 Coupon 3133ERDH1 500,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 11,875.00 11,875.00

ATTACHMENT B

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/30/2026 Coupon 91282CFU0 650,000.00 UNITED STATES TREASURY 4.125 10/31/2027 13,406.25 13,406.25 04/30/2026 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 April 2026 Total 314,511.07 87,210.09 401,721.17
Grand Total 164,740,340.22 1,711,188.55 1,413,859.45 3,125,048.00

ATTACHMENT B

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

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

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

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

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

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

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a high rating by S&P, Moody’s and Fitch respectively.

ATTACHMENT B

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

ATTACHMENT B

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CITY OF STANTON

REPORT TO THE SUCCESSOR AGENCY TO THE

STANTON REDEVELOPMENT AGENCY
TO: Honorable Chairman and Members of the Successor Agency DATE: July 8, 2025
SUBJECT: MAY 2025 INVESTMENT REPORT (SUCCESSOR AGENCY)
REPORT IN BRIEF:

The Investment Report as of May 31, 2025, has been prepared in accordance with the City’s Investment Policy and California Government Code Section 53646.

RECOMMENDED ACTION:

2. Receive and file the Investment Report for the month of May 2025.

BACKGROUND:

The attached report summarizes the Successor Agency’s investment and deposit balances as of May 31, 2025. During the month of May, the Successor Agency’s total cash and investments increased by $887,456.58. The Successor Agency’s cash and investment balances by fund are presented in Attachment A. The Successor Agency’s investments and deposits by financial institution are included as Attachment B.

ANALYSIS:

The Successor Agency’s share of the City’s investment in the State Treasurer’s Local Agency Investment Fund (LAIF) continues to be available on demand. The effective yield on LAIF for the month of May 2025 was 4.27%.

Item: 9G
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The Successor Agency’s investments are shown on Attachment B and have a weighted investment yield of 4.27%, which is equal to the benchmark LAIF return of 4.27%, as the entire portfolio (excluding funds held with the bond fiscal agents) represents the Successor Agency’s portion of the City’s pooled cash and investments. With a completely liquid portfolio, the weighted average maturity of the Successor Agency’s investments on May 31, 2025, was 1 day. LAIF’s average maturity on May 31, 2025, was approximately 236 days.

FISCAL IMPACT:

All deposits and investments have been made in accordance with the City's Fiscal Year 2024/25 Investment Policy.

The portfolio will allow the Successor Agency to meet its expenditure requirements for the next six months.

ENVIRONMENTAL IMPACT:

None.

LEGAL REVIEW:

None.

PUBLIC NOTIFICATION:

Through the agenda posting process.

STRATEGIC GOAL:

Goal 4. Ensure fiscal stability.

Prepared by: Amy Massey, Accounting Manager
Reviewed by: Sharon Del Rosario, Finance Director
Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENTS:

A. Cash and Investment Balances by Fund
B. Investments and Deposits
Fund/
Account No. Fund/Account Name
Beginning
Balance Increases Decreases Ending Balance

CASH-POOLED
712-111101 Redevelopment Obligation Retirement Fund $ 488,648.92 $ 893,487.00 $ (6,050.00) $ 1,376,085.92 Total Cash-Pooled (1) $ 893,487.00 488,648.92 $ (6,050.00) $ 1,376,085.92 $ CASH-RESTRICTED (with Fiscal Agent)
712-111423 2016 Tax Allocation Bonds, Series A and B $ 1,426,566.82 $ 5.86 $ 1,426,572.68 - $ 712-111425 2016 Tax Allocation Bonds, Series C and D 2,512,046.02 10.32 - 2,512,056.34 712-111426 2020 Tax Allocation Refunding Bonds, Series A 828,406.05 3.40 - 828,409.45 Total Cash-Restricted (with Fiscal Agent) $ 4,767,018.89 $ 19.58 $ 4,767,038.47 - $ TOTAL CASH AND INVESTMENTS $ 5,255,667.81 $ 893,506.58 $ (6,050.00) $ 6,143,124.39 Note:
(1) - Includes the Successor Agency's share of the City's BMO Harris Bank checking account and Local Agency Investment Fund (LAIF).

SUCCESSOR AGENCY TO THE STANTON REDEVELOPMENT AGENCY

CASH AND INVESTMENTS REPORT
MONTH ENDED MAY 31, 2025
Attachment:

A
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SUCCESSOR AGENCY TO THE STANTON REDEVELOPMENT AGENCY

INVESTMENTS AND DEPOSITS
Investment Issuer/ Date of Market MV
Type Institution Broker Maturity Cost Value Source
LAIF and BMO General Acct State of California/ BMO State of California On Demand 4.27% N/A $ 1,376,086 $ LAIF 1,376,086 Total Cash Investments and Deposits 1 4.27% $ 1,376,086 $ 1,376,086 Weighted Average Weighted Average
Bond Funds Held by Trustees: Maturity (days) Yield
Investment Issuer/ CUSIP Date of Interest Par Market MV Type Institution Broker Number Maturity Rate Value Cost Value Source 2016 Series A and BDebt Service:Cash Equivalents US Bank Money Market US Bank 9AMMF05B2 On Demand 0.02% 1,426,573 $ $ 1,426,573 $ US Bank 1,426,573 Interest:Cash Equivalent US Bank Money Market US Bank 9AMMF05B2 On Demand 0.02% 1 1 US Bank 1Principal: Cash Equivalent US Bank Money Market US Bank 9AMMF05B2 On Demand 0.02% 2 2 US Bank 2 Total 2016 Series A and B $ 1,426,576 $ 1,426,576 Investment Issuer/ CUSIP Date of Interest Par Market MV Type Institution Broker Number Maturity Rate
Value Cost
Value Source
2016 Series C and DDebt Service:Cash Equivalent US Bank Money Market US Bank 9AMMF05B2 On Demand 0.02% 2,512,056 $ $ 2,512,056 $ US Bank 2,512,056 Principal: Cash Equivalent US Bank Money Market US Bank 9AMMF05B2 On Demand 0.02% 1 1 US Bank 1 Total 2016 Series C and D $ 2,512,057 $ 2,512,057 Investment Issuer/ CUSIP Date of Interest Par Market MV Type Institution Broker Number Maturity Rate Value Cost Value Source 2020 Tax Allocation Refunding Bonds Special Fund:Cash Equivalent US Bank Money Market US Bank 9AMMF05B2 On Demand 0.02% 828,409 $ $ 828,409 $ US Bank 828,409 Total 2020 Tax Allocation Bonds (Tax-Exempt) $ 828,409 $ 828,409 Total Bond Fund Investments and Deposits (3) $ 4,767,042 $ 4,767,042TOTAL - ALL CASH AND INVESTMENTS $ 6,143,128 $ 6,143,128 Notes:
(1) - There have been no exceptions to the Investment Policy. (2) - The Successor Agency is able to meet its expenditure requirements for the next six months. (3) - Restricted Bond Funds are held by the fiscal agent.

MONTH ENDED MAY 31, 2025
Rate
Interest
Attachment: B Click here to return to the agenda.

CITY OF STANTON

REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: July 8, 2025
SUBJECT: FIRST AMENDMENT TO PROFESSIONAL SERVICES AGREEMENT

WITH SP PLUS FOR PARKING ENFORCEMENT SERVICES
REPORT IN BRIEF:

The City Council will consider approval of the First Amendment to the Professional Services Agreement with SP Plus Corporation (SP+) for parking enforcement services to extend the term of the Agreement for 12 months at the same annual compensation amount of $213,087.

RECOMMENDED ACTION:

1. City Council find that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Sections 15378(b)(5)(Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment); and

BACKGROUND:

The City’s parking control program seeks to:
• Improve traffic flow;
• Enhance safety;
• Protect residential areas;
• Support local businesses;
• Encourage lawful behavior; and
• Enhance neighborhood aesthetics and quality of life.

Item: 9H
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After completion of a competitive procurement process, at its meeting of July 23, 2024, the City Council entered into a one-year agreement for parking enforcement services with SP+ (Attachment A) as part of a pilot program testing a hybrid service delivery model. Through utilization of the pilot model, the Public Safety Services Department is now able to enforce California Vehicle Code and City Municipal Code parking laws seven days a week, including overnight hours. Violations include, but are not limited to, illegal parking in restricted areas, overtime parking in commercial areas and residential neighborhoods, 72-hour parking restrictions, and street sweeping violations.

After procuring all necessary equipment and personnel, SP+ began enforcement activities within the City starting on October 15, 2024. For two weeks they trained directly with City staff, and since then have been providing services independently.

Following are enforcement statistics beginning in mid-October 2024. • PARKING ENFORCEMENT CITATIONS ISSUED BY SP+
o October 2024 (partial): 340
o November 2024: 983
o December 2024: 1,080
o January 2025: 1,157
o February 2025: 1,068
o March 2025: 1,013
o April 2025: 793 (based on Capital Improvement Program projects halted enforcement in certain areas)
o May 2025: 535 (based on Capital Improvement Program projects halted enforcement in certain areas)
o June 2025: 564 (based on Capital Improvement Program projects halted enforcement in certain areas)
o TOTAL: 7,533
ANALYSIS/JUSTIFICATION:

During Fiscal Year 2023-24, the City’s parking enforcement efforts resulted in approximately 9,400 citations issued, generating approximately $400,000 in revenue, significant portions of which cover staff time, software processing fees, and County fees. Through May 31 for Fiscal Year 2024-25, approximately 13,800 citations have been issued, generating approximately $460,000 in revenue. Estimates for the entire Fiscal Year 2024-25 project the issuance of approximately 14,500 citations, generating approximately $650,000 in revenue, the majority of which will cover staff and contract costs, software processing fees, and County fees.

SP+ have met all expectations in their service delivery during the initial term of the pilot program and based on their performance, staff is recommending approval of the First Amendment to the existing agreement to extend the term for 12 months through July 23, 2026. SP+ has agreed to hold the hourly rate steady for another 12-month term.

Total compensation for the proposed agreement is $213,087 ($48.65 x 4,380 hours).

FISCAL IMPACT:

Based on performance during Fiscal Year 2024-25, the Fiscal Year 2025-26 Adopted Operating Budget assumes the contract will reach 100% cost recovery over the 12- month period. Staff will review monthly activity, and if for any reason at least 80% cost recovery is not projected, will consider modifying or terminating the program.

ENVIRONMENTAL IMPACT:

This item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Sections 15378(b)(5)(Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment).

PUBLIC NOTIFICATION:

Public notification provided through the regular agenda process.

STRATEGIC GOAL:

Goal 1. Provide a safe community.

Prepared by: James Wren, Public Safety Services Director Fiscal Impact Reviewed by: Hannah Shin-Heydorn, City Manager Prepared by: Hannah Shin-Heydorn, City Manager
ATTACHMENTS:

A. Professional Services Agreement with SP+
B. First Amendment to the Original Agreement
55414.00000\32996936.2

CITY OF STANTON

PROFESSIONAL SERVICES AGREEMENT
FOR

PARKING ENFORCEMENT SERVICES

1. PARTIES AND DATE.

This Agreement is made and entered into this th day of July, 2024, by and between the City of Stanton, a municipal organization organized under the laws of the State of California with its principal place of business at 7800 Katella Avenue, Stanton, California 90680 (“City”) and SP Plus Corporation, a California Corporation, with its principal place of business at 200 E. Randolph St. Suite 7700 Chicago, IL 60601 (“Consultant”). City and Consultant are sometimes individually referred to herein as “Party” and collectively as “Parties.”

2. RECITALS.

2.1 Consultant.

Consultant desires to perform and assume responsibility for the provision of professional Parking Enforcement services required by the City on the terms and conditions set forth in this Agreement. Consultant represents that it is experienced in providing professional Parking Enforcement services to public clients, is licensed in the State of California, and is familiar with the plans of City.

2.2 Project.

City desires to engage Consultant to render such services for the Parking Enforcement project (“Project”) as set forth in this Agreement.

3. TERMS.

3.1 Scope of Services and Term.

3.1.1 General Scope of Services. Consultant promises and agrees to furnish to the City all labor, materials, tools, equipment, services, and incidental and customary work necessary to fully and adequately supply the professional Parking Enforcement services necessary for the Project (“Services”). The Services are more particularly described in Exhibit “A” attached hereto and incorporated herein by reference. All Services shall be subject to, and performed in accordance with, this Agreement, the exhibits attached hereto and incorporated herein by reference, and all applicable local, state, and federal laws, rules, and regulations.

3.1.2 Term. The term of this Agreement shall be from July 24, 2024 to July 23, 2025, unless earlier terminated as provided herein. The City Manager shall have the unilateral option, at its sole discretion, to renew this Agreement annually for no more than two additional one-year terms. Consultant shall complete the Services within the term of this Agreement, and shall meet any other established schedules and deadlines.

Attachment: A
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55414.00000\32996936.2

3.2 Responsibilities of Consultant.

3.2.1 Independent Contractors, Control and Payment of Subordinates; Independent Contractor. The Services shall be performed by Consultant or under its supervision.

Consultant will determine the means, methods, and details of performing the Services subject to the requirements of this Agreement. City retains Consultant on an independent contractor basis and not as an employee. Consultant shall complete, execute, and submit to City a Request for Taxpayer Identification Number and Certification (IRS Form W-9) prior to commencement of any Services under this Agreement. Consultant retains the right to perform similar or different services for others during the term of this Agreement. Any additional personnel performing the Services under this Agreement on behalf of Consultant shall also not be employees of City and shall at all times be under Consultant’s exclusive direction and control. Neither City, nor any of its officials, officers, directors, employees or agents shall have control over the conduct of Consultant or any of Consultant's officers, employees, or agents, except as set forth in this Agreement. Consultant shall pay all wages, salaries, and other amounts due such personnel in connection with their performance of Services under this Agreement and as required by law. Consultant shall be responsible for all reports and obligations respecting such additional personnel, including, but not limited to, social security taxes, income tax withholding, unemployment insurance, disability insurance, and workers’ compensation insurance.

3.2.2 Schedule of Services. Consultant shall perform the Services expeditiously, within the term of this Agreement, and in accordance with the Schedule of Services set forth in Exhibit “B” attached hereto and incorporated herein by reference. Consultant represents that it has the professional and technical personnel required to perform the Services in conformance with such conditions. In order to facilitate Consultant’s conformance with the Schedule, City shall respond to Consultant’s submittals in a timely manner. Upon request of City, Consultant shall provide a more detailed schedule of anticipated performance to meet the Schedule of Services.

3.2.3 Conformance to Applicable Requirements. All work prepared by Consultant shall be subject to the approval of City.

3.2.4 Substitution of Key Personnel. Consultant has represented to City that certain key personnel will perform and coordinate the Services under this Agreement. Should one or more of such personnel become unavailable, Consultant may substitute other personnel of at least equal competence upon written approval of City. In the event that City and Consultant cannot agree as to the substitution of key personnel, City shall be entitled to terminate this Agreement for cause. As discussed below, any personnel who fail or refuse to perform the Services in a manner acceptable to the City, or who are determined by the City to be uncooperative, incompetent, a threat to the adequate or timely completion of the Project or a threat to the safety of persons or property, shall be promptly removed from the Project by the Consultant at the request of the City.

The key personnel for performance of this Agreement are as follows: Ernesto Rennella, Vice President, Municipal Services Division.
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55414.00000\32996936.2

3.2.5 City’s Representative. The City hereby designates the City Manager, or his or her designee, to act as its representative for the performance of this Agreement (“City’s Representative”). City’s Representative shall have the power to act on behalf of the City for all purposes under this Contract. The City Manager hereby designates James Wren, Director of Public Safety, or his or her designee, as the City’s contact for the implementation of the Services hereunder. Consultant shall not accept direction or orders from any person other than the City’s Representative or his or her designee.

3.2.6 Consultant’s Representative. Consultant hereby designates Ernesto Rennella, Vice President, Municipal Services Division, or his or her designee, to act as its representative for the performance of this Agreement (“Consultant’s Representative”).

Consultant’s Representative shall have full authority to represent and act on behalf of the Consultant for all purposes under this Agreement. The Consultant’s Representative shall supervise and direct the Services, using his best skill and attention, and shall be responsible for all means, methods, techniques, sequences, and procedures and for the satisfactory coordination of all portions of the Services under this Agreement.

3.2.7 Coordination of Services. Consultant agrees to work closely with City staff in the performance of Services and shall be available to City’s staff, consultants, and other staff at all reasonable times.

3.2.8 Standard of Care; Performance of Employees. Consultant shall perform all Services under this Agreement in a skillful and competent manner, consistent with the standards generally recognized as being employed by professionals in the same discipline in the State of California. Consultant represents and maintains that it is skilled in the professional calling necessary to perform the Services. Consultant warrants that all employees and subconsultants shall have sufficient skill and experience to perform the Services assigned to them. Finally, Consultant represents that it, its employees and subconsultants have all licenses, permits, qualifications and approvals of whatever nature that are legally required to perform the Services and that such licenses and approvals shall be maintained throughout the term of this Agreement.

As provided for in the indemnification provisions of this Agreement, Consultant shall perform, at its own cost and expense and without reimbursement from the City, any services necessary to correct errors or omissions which are caused by the Consultant’s failure to comply with the standard of care provided for herein. Any employee of the Consultant or its sub-consultants who is determined by the City to be uncooperative, incompetent, a threat to the adequate or timely completion of the Project, a threat to the safety of persons or property, or any employee who fails or refuses to perform the Services in a manner acceptable to the City, shall be promptly removed from the Project by the Consultant and shall not be re-employed to perform any of the Services or to work on the Project.

3.2.9 Laws and Regulations. Consultant shall keep itself fully informed of and in compliance with all local, state, and federal laws, rules and regulations in any manner affecting the performance of the Project or the Services, including all Cal/OSHA requirements, and shall give all notices required by law. Consultant shall be liable for all violations of such laws and regulations in connection with Services. If the Consultant performs any work knowing it to be contrary to such laws, rules and regulations, Consultant shall be solely responsible for all costs arising therefrom. Consultant shall defend, indemnify, and hold City, its officials, directors, officers, employees, agents, and volunteers free and harmless, pursuant to the indemnification - 4 -
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provisions of this Agreement, from any claim or liability arising out of any failure or alleged failure to comply with such laws, rules or regulations.

3.2.10 Insurance.

3.2.10.1 Time for Compliance. Consultant shall not commence Work under this Agreement until it has provided evidence satisfactory to the City that it has secured all insurance required under this section. In addition, Consultant shall not allow any subconsultant to commence work on any subcontract until it has provided evidence satisfactory to the City that the subconsultant has secured all insurance required under this section.

3.2.10.2 Types of Insurance Required. As a condition precedent to the effectiveness of this Agreement for work to be performed hereunder and without limiting the indemnity provisions of the Agreement, the Consultant in partial performance of its obligations under such Agreement, shall procure and maintain in full force and effect during the term of the Agreement, the insurance specified in Exhibit “D” attached hereto and incorporated herein. If the existing policies do not meet the Insurance Requirements set forth herein, Consultant agrees to amend, supplement, or endorse the policies to do so.

3.2.10.3 Primary and Non-Contributing Insurance. All insurance coverages shall be primary and any other insurance, deductible, or self-insurance maintained by the indemnified parties shall not contribute with this primary insurance. Policies shall contain or be endorsed to contain such provisions.

3.2.10.4 Waiver of Subrogation. Required insurance coverages shall not prohibit Consultant from waiving the right of subrogation prior to a loss. Consultant shall waive all subrogation rights against the indemnified parties. Policies shall contain or be endorsed to contain such provisions.

3.2.10.5 Deductible. Any deductible or self-insured retention must be approved in writing by the City and shall protect the indemnified parties in the same manner and to the same extent as they would have been protected had the policy or policies not contained a deductible or self-insured retention.

3.2.10.6 Evidence of Insurance. The Consultant, concurrently with the execution of the Agreement, and as a condition precedent to the effectiveness thereof, shall deliver either certified copies of the required policies, or original certificates and endorsements on forms approved by the City. The certificates and endorsements for each insurance policy shall be signed by a person authorized by that insurer to bind coverage on its behalf. At least fifteen (15 days) prior to the expiration of any such policy, evidence of insurance showing that such insurance coverage has been renewed or extended shall be filed with the City. If such coverage is cancelled or reduced, Consultant shall, within ten (10) days after receipt of written notice of such cancellation or reduction of coverage, file with the City evidence of insurance showing that the required insurance has been reinstated or has been provided through another insurance company or companies.
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3.2.10.7 Failure to Maintain Coverage. Consultant agrees to suspend and cease all operations hereunder during such period of time as the required insurance coverage is not in effect and evidence of insurance has not been furnished to the City. The City shall have the right to withhold any payment due to the Consultant until Consultant has fully complied with the insurance provisions of this Agreement.

In the event that the Consultant’s operations are suspended for failure to maintain required insurance coverage, the Consultant shall not be entitled to an extension of time for completion of the Services because of production lost during suspension.

3.2.10.8 Acceptability of Insurers. Each such policy shall be from a company or companies with a current A.M. Best’s rating of no less than A:VIII and authorized to do business in the State of California, or otherwise allowed to place insurance through surplus line brokers under applicable provisions of the California Insurance Code or any federal law.

3.2.10.9 Insurance for Subconsultants. All Subconsultants shall be included as additional insureds under the Consultant’s policies, or the Consultant shall be responsible for causing Subconsultants to purchase the appropriate insurance in compliance with the terms of these Insurance Requirements, including adding the City as an Additional Insured to the Subconsultant’s policies.

3.2.11 Safety. Consultant shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out its Services, the Consultant shall at all times be in compliance with all applicable local, state, and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and life-saving equipment and procedures; (B) instructions in accident prevention for all employees and subconsultants, such as safe walkways, scaffolds, fall protection ladders, bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures.

3.3 Fees and Payments.

3.3.1 Compensation. Consultant shall receive compensation, including authorized reimbursements, for all Services rendered under this Agreement at the rates set forth i ,Exhibit “C” attached hereto and incorporated herein by reference. The total compensation shall not exceed TWO HUNDRED THIRTEEN THOUSAND EIGHTY-SEVEN DOLLARS ($213,087) (“Total Compensation”) without written approval of City’s City Manager. Extra Work may be authorized, as described below, and if authorized, will be compensated at the rates and manner set forth in this Agreement.

3.3.2 Payment of Compensation. Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant.

The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 45 days of receiving such statement, review the statement and pay all approved charges thereon.
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3.3.3 Reimbursement for Expenses. Consultant shall not be reimbursed for any expenses unless authorized in writing by City.

3.3.4 Extra Work. At any time during the term of this Agreement, City may request that Consultant perform Extra Work. As used herein, “Extra Work” means any work which is determined by City to be necessary for the proper completion of the Project, but which the Parties did not reasonably anticipate would be necessary at the execution of this Agreement.

Consultant shall not perform, nor be compensated for, Extra Work without written authorization from the City.

3.3.5 Prevailing Wages. Consultant is aware of the requirements of California Labor Code Section 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Section 16000, et seq., (“Prevailing Wage Laws”), which require the payment of prevailing wage rates and the performance of other requirements on “public works” and “maintenance” projects. If the Services are being performed as part of an applicable “public works” or “maintenance” project, as defined by the Prevailing Wage Laws, and if the total compensation is $1,000 or more, Consultant agrees to fully comply with such Prevailing Wage Laws. City shall provide Consultant with a copy of the prevailing rates of per diem wages in effect at the commencement of this Agreement. Consultant shall make copies of the prevailing rates of per diem wages for each craft, classification or type of worker needed to execute the Services available to interested parties upon request and shall post copies at the Consultant’s principal place of business and at the project site. It is the intent of the parties to effectuate the requirements of sections 1771, 1774, 1775, 1776, 1777.5, 1813, and 1815 of the Labor Code within this Agreement, and Consultant shall therefore comply with such Labor Code sections to the fullest extent required by law. Consultant shall defend, indemnify, and hold the City, its elected officials, officers, employees, agents, and volunteers free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws.

3.4 Accounting Records.

3.4.1 Maintenance and Inspection. Consultant shall maintain complete and accurate records with respect to all costs and expenses incurred under this Agreement. All such records shall be clearly identifiable. Consultant shall allow a representative of City during normal business hours to examine, audit, and make transcripts or copies of such records and any other documents created pursuant to this Agreement. Consultant shall allow inspection of all work, data, documents, proceedings, and activities related to the Agreement for a period of three (3) years from the date of final payment under this Agreement.

3.5 General Provisions.

3.5.1 Termination of Agreement.

3.5.1.1 Grounds for Termination. Although City will strive to work with Consultant to address any issues and allow the opportunity to cure, the City may, by written notice to Consultant, terminate the whole or any part of this Agreement at any time and without cause by giving written notice to Consultant of such termination, and specifying the effective date thereof, at least seven (7) days before the effective date of such termination. Upon termination, Consultant shall be compensated only for those services which have been adequately rendered to City, and Consultant shall be entitled to no further compensation. - 7 -
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Consultant may terminate this Agreement for cause, for the City’s monetary breach and failure to cure within 10 days, or for the City’s non-monetary breach and the failure to cure within 30 days.

3.5.1.2 Effect of Termination. If this Agreement is terminated as provided herein, City may require Consultant to provide all finished or unfinished Documents and Data and other information of any kind prepared by Consultant in connection with the performance of Services under this Agreement. Consultant shall be required to provide such document and other information within fifteen (15) days of the request.

3.5.1.3 Additional Services. In the event this Agreement is terminated in whole or in part as provided herein, City may procure, upon such terms and in such manner as it may determine appropriate, services similar to those terminated.

3.5.2 Delivery of Notices. All notices permitted or required under this Agreement shall be given to the respective parties at the following address, or at such other address as the respective parties may provide in writing for this purpose:

Consultant:

SP Plus Corporation
200 E. Randolph St. Suite 7700
Chicago, IL 60601
Attn: Ernesto Rennella, Vice President, Municipal Services Division City:

City of Stanton
7800 Katella Avenue
Stanton, CA 90680
Attn: Hannah Shin-Heydorn, City Manager
Such notice shall be deemed made when personally delivered or when mailed, forty-eight (48) hours after deposit in the U.S. Mail, first class postage prepaid and addressed to the party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service.

3.5.3 Ownership of Materials and Confidentiality.

3.5.3.1 Documents & Data; Licensing of Intellectual Property. This Agreement creates a non-exclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property embodied in plans, specifications, studies, drawings, estimates, and other documents or works of authorship fixed in any tangible medium of expression, including, but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Consultant under this Agreement (“Documents & Data”). Consultant shall require all subconsultants to agree in writing that City is granted a non-exclusive and perpetual license for any Documents & Data the subconsultant prepares under this Agreement. Consultant represents and warrants that Consultant has the legal right to license any and all Documents & Data.

Consultant makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Consultant or provided to Consultant by the City. City - 8 -
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shall not be limited in any way in its use of the Documents and Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at City’s sole risk.

3.5.3.2 Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents and Data either created by or provided to Consultant in connection with the performance of this Agreement shall be held confidential by Consultant. Such materials shall not, without the prior written consent of City, be used by Consultant for any purposes other than the performance of the Services. Nor shall such materials be disclosed to any person or entity not connected with the performance of the Services or the Project. Nothing furnished to Consultant which is otherwise known to Consultant or is generally known, or has become known, to the related industry shall be deemed confidential. Consultant shall not use City’s name or insignia, photographs of the Project, or any publicity pertaining to the Services or the Project in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of City.

3.5.3.3 Confidential Information. The City shall refrain from releasing Consultant’s proprietary information (“Proprietary Information”) unless the City’s legal counsel determines that the release of the Proprietary Information is required by the California Public Records Act or other applicable state or federal law, or order of a court of competent jurisdiction, in which case the City shall notify Consultant of its intention to release Proprietary Information.

Consultant shall have five (5) working days after receipt of the Release Notice to give City written notice of Consultant’s objection to the City’s release of Proprietary Information. Consultant shall indemnify, defend, and hold harmless the City, and its officers, directors, employees, and agents from and against all liability, loss, cost or expense (including attorney’s fees) arising out of a legal action brought to compel the release of Proprietary Information. City shall not release the Proprietary Information after receipt of the Objection Notice unless either: (1) Consultant fails to fully indemnify, defend (with City’s choice of legal counsel), and hold City harmless from any legal action brought to compel such release; and/or (2) a final and non-appealable order by a court of competent jurisdiction requires that City release such information.

3.5.4 Cooperation; Further Acts. The Parties shall fully cooperate with one another and shall take any additional acts or sign any additional documents as may be necessary, appropriate or convenient to attain the purposes of this Agreement.

3.5.5 Attorney’s Fees. If either party commences an action against the other party, either legal, administrative, or otherwise, arising out of or in connection with this Agreement, the prevailing party in such litigation shall be entitled to have and recover from the losing party reasonable attorney’s fees and all other costs of such action.

3.5.6 Indemnification.

To the fullest extent permitted by law, Consultant shall defend (with counsel reasonably acceptable to the City), indemnify and hold the City, its officials, officers, employees, volunteers and agents free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury of any kind, in law or equity, to property or persons, including wrongful death, in any manner arising out of, pertaining to, or incident to any alleged acts, errors or omissions, or willful misconduct of Consultant, its officials, officers, employees, subcontractors, consultants or agents in connection with the performance of the - 9 -
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Consultant's Services or this Agreement, including without limitation the payment of all damages, expert witness fees and attorneys fees and other related costs and expenses. Consultant's obligation to indemnify shall not be restricted to insurance proceeds, if any, received by the Consultant or the City, its officials, officers, employees, agents, or volunteers.

If Consultant’s obligation to defend, indemnify, and/or hold harmless arises out of Consultant’s performance as a “design professional” (as that term is defined under Civil Code section 2782.8), then, and only to the extent required by Civil Code section 2782.8, which is fully incorporated herein, Consultant’s indemnification obligation shall be limited to claims that arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of the Consultant, and, upon Consultant obtaining a final adjudication by a court of competent jurisdiction, Consultant’s liability for such claim, including the cost to defend, shall not exceed the Consultant’s proportionate percentage of fault.

3.5.7 Entire Agreement. This Agreement contains the entire Agreement of the parties with respect to the subject matter hereof, and supersedes all prior negotiations, understandings, or agreements. This Agreement may only be modified by a writing signed by both parties.

3.5.8 Governing Law. This Agreement shall be governed by the laws of the State of California. Venue shall be in Orange County.

3.5.9 Time of Essence. Time is of the essence for each and every provision of this Agreement.

3.6 City’s Right to Employ Other Consultants. City reserves right to employ other consultants in connection with this Project.

3.7 Successors and Assigns. This Agreement shall be binding on the successors and assigns of the parties.

3.8 Assignment or Transfer. Consultant shall not assign, hypothecate, or transfer, either directly or by operation of law, this Agreement or any interest herein without the prior written consent of the City. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer.

3.9 Construction; References; Captions. Since the Parties or their agents have participated fully in the preparation of this Agreement, the language of this Agreement shall be construed simply, according to its fair meaning, and not strictly for or against any Party. Any term referencing time, days or period for performance shall be deemed calendar days and not work days.

All references to Consultant include all personnel, employees, agents, and subconsultants of Consultant, except as otherwise specified in this Agreement. All references to City include its elected officials, officers, employees, agents, and volunteers except as otherwise specified in this Agreement. The captions of the various articles and paragraphs are for convenience and ease of reference only, and do not define, limit, augment, or describe the scope, content, or intent of this Agreement.

3.10 Amendment; Modification. No supplement, modification, or amendment of this - 10 -
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Agreement shall be binding unless executed in writing and signed by both Parties.

3.11 Waiver. No waiver of any default shall constitute a waiver of any other default or breach, whether of the same or other covenant or condition. No waiver, benefit, privilege, or service voluntarily given or performed by a Party shall give the other Party any contractual rights by custom, estoppel, or otherwise.

3.12 No Third-Party Beneficiaries. There are no intended third-party beneficiaries of any right or obligation assumed by the Parties.

3.13 Invalidity; Severability. If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect.

3.14 Prohibited Interests. Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, City shall have the right to rescind this Agreement without liability. For the term of this Agreement, no member, officer or employee of City, during the term of his or her service with City, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

3.15 Equal Opportunity Employment. Consultant represents that it is an equal opportunity employer and it shall not discriminate against any subconsultant, employee or applicant for employment because of race, religion, color, national origin, handicap, ancestry, sex or age. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination. Consultant shall also comply with all relevant provisions of City’s Minority Business Enterprise program, Affirmative Action Plan or other related programs or guidelines currently in effect or hereinafter enacted.

3.16 Labor Certification. By its signature hereunder, Consultant certifies that it is aware of the provisions of Section 3700 of the California Labor Code, which require every employer to be insured against liability for Worker’s Compensation or to undertake self-insurance in accordance with the provisions of that Code, and agrees to comply with such provisions before commencing the performance of the Services.

3.17 Authority to Enter Agreement. Consultant has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each Party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and bind each respective Party.

3.18 Counterparts. This Agreement may be signed in counterparts, each of which shall constitute an original.

3.19 Declaration of Political Contributions. Consultant shall, throughout the term of - 11 -
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this Agreement, submit to City an annual statement in writing declaring any political contributions of money, in-kind services, or loan made to any member of the City Council within the previous twelve-month period by the Consultant and all of Consultant’s employees, including any employee(s) that Consultant intends to assign to perform the Services described in this Agreement.

3.20 Subcontracting.

3.20.1 Prior Approval Required. Consultant shall not subcontract any portion of the work required by this Agreement, except as expressly stated herein, without prior written approval of City. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement.
[Signatures on following page.]
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IN WITNESS WHEREOF, the parties have executed this Professional Services Agreement on this day of , 2024.

CITY OF STANTON SP PLUS CORPORATION
By:

Hannah Shin-Heydorn
City Manager
By:

Ernesto Rennella
Vice President
By:

Treasurer/Secretary
[If Corporation, TWO SIGNATURES,
President OR Vice President AND Secretary,

AND CORPORATE SEAL OF
CONSULTANT REQUIRED]
ATTEST:

By:

Patricia A. Vazquez
City Clerk
APPROVED AS TO FORM:

By:

Best Best & Krieger LLP
City Attorney
A-1
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EXHIBIT “A”

SCOPE OF SERVICES
See Attachment.

SP+ Parking
3470 Wilshire Blvd
Los Angeles, CA 90010
[email protected]
spplus.com | parking.com | bagsinc.com
May 6th, 2024
City of Stanton
7800 Katella Ave
Stanton, CA 90680
Dear City Administrator,
SP+ aims to assist in preserving the sense of community for residents and its system visitors. SP+ Municipal Services and its employees are municipal industry leaders who have the experience, expertise, and diligence to deliver extraordinary service to the City of Stanton. This proposal is tailored to address and accomplish Stanton’s stated goals in the parking enforcement RFP.

Experience is Key
SP+ Municipal understands the nuances of municipal parking dynamics, especially within a community driven environment. This, joined with our understanding and knowledge of Stanton’s goals and objectives, will deliver a new level of comprehensive services to successfully balance the specific needs of the City of Stanton and the Police Department leadership and the community at large. We seek to engage into a working-partnership with you to effectively manage your parking infrastructure in an equitable manner consistent with your financial goals, while providing uninterrupted and efficient access to your residents, businesses, and visitors. With a focus on providing superior customer service, cutting-edge technologies, and high-level training and development, we have a proven track record in delivering world-class municipal parking management services.

Founded in 1929, SP+ has grown to be North America’s largest parking management company and operates 35+ municipal parking locations across 34 states. No other provider has more extensive experience in municipal parking management than SP+.

Our methods are comprehensive, tested, and designed to achieve your goals and objectives. Our Management Team will continue to focus on the following keys to success, which we will further articulate in our response:

Partnership Approach – community involvement and stewardship Outcome Based Management – using data to drive program performance Technology – leveraging technology for accountability and transparency Customer Service – commitment to exemplary representation of the City’s parking system Accredited Parking Organization
SP Plus Corporation is the first commercial parking operator to be certified by the International Parking & Mobility Institute (IPMI) as an Accredited Parking Organization (APO). We are the first parking operator to achieve Accreditation with Distinction - which represents the top 5% of the industry.

The APO program was established in 2015 to set industry standards that develop, ensure and support a high level of professionalism and competency in parking management. To earn the APO designation, an organization must demonstrate its commitment to ongoing evaluation and improvement of program outcomes throughout its operations.

The benefit of the APO accreditation to the City of Stanton is peace of mind. It is confidence in knowing that you have a partner who demonstrates a higher standard of performance, delivers a proven approach, and operates with a sense of pride and integrity.

SP+ Parking
3470 Wilshire Blvd
Los Angeles, CA 90010
[email protected]
spplus.com | parking.com | bagsinc.com
Rationale for Award - SP’s Municipal Services Team
Stanton’s stakeholders, City and PD staff will receive the full support of the SP+ Municipal Services division. Going beyond daily operational support, Stanton can expect the highest level of responsiveness, guidance, innovation, and backing from the industry’s most experienced and well-versed team of dedicated on-street parking professionals. A partnership with SP+ means linking the City of Stanton parking operations to our 50+ municipal parking operations across 34 states. No other provider has a municipal on-street specific team working across regions to:

Stay at the forefront of implementing new technology
Ensure best practices and policies are in place location to location Share knowledge while developing future municipal parking leaders Provide experience and guidance on new initiatives and projects Maintain accountability through teamwork
Meaningful Stakeholder engagement programs in unison with Data Driven decisions Customer Service as the cornerstone for operations
Simply put, no other parking management company can provide a municipal parking resource with more project management experience, operational capability, accountability and progressive thinking in on-street parking management than the SP+ Municipal Services team.

SP+ RFP Understanding
This letter shall serve as SP+’s understanding of the Project and a summary of the approach to be undertaken to perform the Services.

Potential Conflicts
SPPLUS would like to confirm that neither the organization nor its team has any potential conflicts that may arise in the performance of the services requested in this RFP.

SP+ Commitment
We believe the level of detail shared in our proposal demonstrates our true understanding of the City of Stanton parking system and the requirements outlined in the RFP, which illustrates our commitment to delivering industry leading services on time, and exemplifies why we are the best suited service provider partner for the City of Stanton.

For the purposes of this RFP, please contact Ernesto Rennella, Vice President of SP+ Municipal Services at 213- 219-0104 or [email protected].

SP+’s proposal shall remain valid for a period of not less than one hundred twenty (120) days from the date of submission.

We sincerely appreciate your time and consideration.

Ernesto Rennella
Vice President, Municipal Services Division
213.219.0104
[email protected]

PROPOSAL TO PROVIDE PARKING ENFORCEMENT SERVICES FOR THE CITY OF STANTON 8

GLOBAL MARKET PRESENCE
SP+ operates in major markets across
North America including 47 states, the
District of Columbia, Puerto Rico, and
four Canadian provinces. The company
also operates in Europe under the
AeroParker and KMP brands.

SUBMITTED BY:

ERNESTO RENNELLA
Vice President
c: 213-219-0104
p: 954-524-6500
e: erennella@SP+.com
_________________________
3470 Wilshire Blvd
Los Angeles, CA 90010
SP+.com
B-1
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EXHIBIT “B”

SCHEDULE OF SERVICES
Services and work shall begin promptly at the start of the term of this Agreement.

C-1
55414.00000\32996936.2
EXHIBIT “C”

COMPENSATION
The hourly rate for this Agreement is $48.65. The hourly wage paid to SP+ personnel will be set by SP+. The total not-to-exceed compensation is $213,087.

D55414.00000\32996936.2
EXHIBIT “D”

INSURANCE REQUIREMENTS
Certificate holder on Certificate of Insurance shall be stated as follows:

City of Stanton
7800 Katella Avenue
Stanton, CA 90680
Required insurance policies shall not be in compliance if they include an endorsement with any limiting provision (e.g., to contractual liability, “ongoing operations,” or the “sole” liability of Consultant) or exclusion (e.g., cross-liability) contrary to the Agreement, unless such endorsements are approved by the City. Endorsements shall read as follows:

Additional Insured:
• City of Stanton its elected and appointed officials, officers, employees, agents, and volunteers shall be additional insureds with regard to liability and defense of suits or claims arising out of the performance of the Agreement. OR • Any person or organization as required by written agreement/contract. (Blanket coverage)
[Note: Use Insurance Services Office (ISO) form CG 20 26 04 13, or a form at least as broad.]
Primary and Non-Contributory:
• It is agreed that any insurance or self-insurance maintained by the City of Stanton shall apply in excess of, and not contribute with, insurance provided by this policy. [Note: Use ISO form CG 20 01 04 13, or a form at least as broad.] Waiver of Subrogation:
• We [the insurer] waive any right of recovery we may have against the City of Stanton because of payments we make for injury or damage arising out of you ongoing operations or “your work” done under a contract with that person or organization and included in the “products-completed operations hazard”. [Note: Use ISO form CG , or a form at least as broad.]
D55414.00000\32996936.2
Commercial General Liability
Coverage shall be at least as broad as ISO Form CG 0001. Defense costs shall be paid in addition to the limits.
 A.M. Best Rating; A-/VIII minimum
 Additional Insured Endorsement with policy # indicated  Primary Non-Contributory Endorsement with policy # indicated  Waiver of Subrogation Endorsement with policy # indicated  $1,000,000 limit per occurrence
 $2,000,000 aggregate per project
 Self-Insured Retention information (Must be declared on certificate of insurance when applicable – waiver and current audited financial report required if over $50,000) Automobile Liability
Coverage shall be at least as broad as ISO Form CA 0001.  A.M. Best Rating; A-/VIII minimum
 Additional Insured Endorsement with policy # indicated  Primary Non-Contributory Endorsement with policy # indicated  Waiver of Subrogation Endorsement with policy # indicated  Shall cover “Any Auto” (unless otherwise exempted by the City)  $1,000,000 limit per occurrence
 Self-Insured Retention information (Must be declared on certificate of insurance when applicable – waiver and current audited financial report required if over $50,000) Workers’ Compensation/Employers’ Liability
 A.M. Best Rating; A-/VIII minimum
 Waiver of Subrogation Endorsement with policy # indicated  “Statutory” is checked for Workers’ Compensation
 $1,000,000 limit per occurrence for Employers’ Liability D55414.00000\32996936.2
Professional Liability
Covered professional services shall specifically include all work to be performed under the Agreement and delete any exclusions that may potentially affect the work to be performed. If coverage is written on a claims-made basis, the retroactive date shall precede the effective date of the initial Agreement and continuous coverage will be maintained or an extended reporting period will be exercised for a period of at least three (3) years from termination or expiration of this Agreement.
 A.M. Best Rating; A-/VIII minimum
 Waiver of Subrogation Endorsement with policy # indicated  $1,000,000 per occurrence
 $1,000,000 aggregate
 Self-Insured Retention information (Must be declared on certificate of insurance when applicable – waiver and current audited financial report required if over $50,000) Technology Errors & Omissions
Not applicable.

Cyber/Network Security & Privacy Liability
Not applicable.

Sexual Misconduct
Not applicable.

Employee Dishonesty & Crime
Not applicable.

CITY OF STANTON

FIRST AMENDMENT TO

PROFESSIONAL SERVICES AGREEMENT

FOR PARKING ENFORCEMENT SERVICES

1. PARTIES AND DATE.

This First Amendment to the Professional Services Agreement for Parking Enforcement Services (“First Amendment”) is entered into this 8th day of July, 2025, by and between the City of Stanton (“City”) and SP Plus Corporation, a California Corporation, with its principal place of business at 200 E. Randolph St. Suite 7700 Chicago, IL 60601 (“Consultant”). City and Consultant are sometimes collectively referred to herein as the “Parties.”

2. RECITALS.

2.1 Agreement. The Parties entered into that certain Professional Services Agreement for Parking Enforcement Services dated July 23, 2024 (“Agreement”).

2.2 First Amendment. The Parties now desire to amend the Agreement in order to extend the term of the Agreement and increase the total compensation under the Agreement.

3. TERMS.

3.1 Term. Section 3.1.2 of the Agreement is hereby amended in its entirety to read as follows:
“The term of this Agreement shall be from July 24, 2024 to July 23, 2026, unless earlier terminated as provided herein. The City Manager shall have the unilateral option, at its sole discretion, to renew this Agreement annually for no more than one additional oneyear term. Consultant shall complete the Services within the term of this Agreement, and shall meet any other established schedules and deadlines.”

3.2 Compensation. Section 3.3.1 of the Agreement is hereby amended in its entirety to read as follows:
“Consultant shall receive compensation, including authorized reimbursements, for all Services rendered under this Agreement at the rates set forth in Exhibit “C” attached hereto and incorporated herein by reference. The total compensation shall not exceed FOUR HUNDRED TWENTY SIX THOUSAND ONE HUNDRED SEVENTYFOUR DOLLARS ($426,174) (“Total Compensation”) without written approval of City’s City Manager. Extra Work may be authorized, as described below, and if authorized, will be compensated at the rates and manner set forth in this Agreement.”

3.3 Remaining Provisions of Agreement. Except as otherwise specifically set forth in this First Amendment, the remaining provisions of the Agreement shall remain in full force and effect.

Attachment: B
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IN WITNESS WHEREOF, the parties have executed this First Amendment to Agreement on this _____ day of __________, 2025.

CITY OF STANTON SP PLUS CORPORATION
By:

Hannah Shin-Heydorn
City Manager
By:

Ernesto Rennella
Vice President
By:

Treasurer/Secretary
[If Corporation, TWO SIGNATURES,
President OR Vice President AND
Secretary, AND CORPORATE SEAL OF
CONSULTANT REQUIRED]
ATTEST:

By:

Patricia A. Vazquez
City Clerk
APPROVED AS TO FORM:

By:

Best Best & Krieger LLP
City Attorney
C-1
55414.00000\32996936.2
EXHIBIT “C”

COMPENSATION
The hourly rate for this Agreement is $48.65. The hourly wage paid to SP+ personnel will be set by SP+. The total not-to-exceed compensation is $426,174. 1 CITY OF STANTON

REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: July 8, 2025
SUBJECT: AWARD OF CONSTRUCTION CONTRACT FOR THE STANTON

COMMUNITY / SENIOR CENTER IMPROVEMENTS PROJECT (TASK
CODE NO. 2025-601) AND TRANSFER OF FUNDS
REPORT IN BRIEF:

Two bids for the Stanton Community / Senior Center Improvements Project were opened on June 30, 2025. Based on the post-bid analysis of the bids received, staff has determined the bid submitted by A2Z Construct, Inc. to be the lowest responsible and responsive bid at $606,050. At this time, staff is requesting a transfer of funds from within the CIP budget to complete construction of the project and recommending awarding the construction contract to A2Z Construct, Inc.

RECOMMENDED ACTION:

2. Award a construction contract for the Stanton Community / Senior Center Improvements Project to A2Z Construct, Inc. for the bid amount of $606,050 and reject all other bids; and

3. Authorize the City Manager to bind the City of Stanton and A2Z Construct, Inc. in a contract for the construction; and

4. Authorize the City Manager to approve contract change orders, not to exceed $30,302.50; and

Item: 9I
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2 BACKGROUND:

In 2024, the City received a Community Development Block Grant (CDBG) from the County of Orange for improvements to the City’s Community / Senior Center located at 7800 Katella Avenue.

The project scope includes improvements and ADA enhancements to the Senior Center area restrooms, entry lobby and hallways. Improvements include repainting, replacement of doors, lighting fixtures, flooring, countertops, ceiling tiles, mirrors, toilets and urinals.

On October 22, 2024, City Council awarded a design contract in the amount of $40,000 to Black O’Dowd and Associates, Inc. (BOA) for the design of the project.

On May 27, 2025, the City Council authorized staff to advertise this project for construction and approved the plans and specifications.

ANALYSIS/JUSTIFICATION:

Bid opening for this project was on June 30, 2025. Six (6) bids were received and opened as follows:

Rank Company Bid
1 A2Z Construct, Inc. $ 606,050.00
2 YMC $ 623,275.00
3 Modern General Contractor, Inc.* $ 668,999.92
4 Union Construction Company* $ 671,296.86
5 Bridgerock Construction, Inc.* $ 684,067.00
6 RG General Engineering, Inc. $ 706,394.00
*The bid submittal had clerical error(s) regarding their line items, and so their Total Base Bid based on their unit pricing submitted is shown.

A2Z Construct, Inc. submitted the lowest responsible bid in the amount of $606,050, which is approximately 16.6 percent below the Engineer’s estimate of $727,000. Staff has reviewed the submitted documents and found that A2Z Construct, Inc. has submitted the lowest bid and is compliant with the contract documents.

For every construction contract awarded by City Council, City staff is required to return to City Council to accept the improvements, approve the final construction contract amount, and direct the City Council to file a Notice of Completion. 3 FISCAL IMPACT:

The Adopted Fiscal Year 2025-26 Capital Improvement Budget includes $620,000 for this project (Task Code No. 2025-601). The following table presents an estimated breakdown of total project costs:

Description Amount
Design Contract $40,000.00
Construction Contract $606,050.00
Contingency $30,302.50
TOTAL $676,352.50
The project will be funded partially by the Community Development Block Grant (CDBG) in the amount of $350,000 for construction. The project also includes allowances in the total sum of $60,000 for miscellaneous and unforeseen conditions relating to interior, plumbing, and electrical repairs not included in the specifications. All money not spent under these allowances will be credited to the City at the end of the project. To fully fund the project, staff is requesting a transfer of $56,352.50 from the 2026-602 City Hall / Community Center Keycard Access Project (General Fund #101) which is currently funded at $205,000 and has been deferred while staff is seeking alternative solutions.

ENVIRONMENTAL IMPACT:

The project is categorically exempt under the California Environmental Quality Act, Class 1, Section 15301(a) as operation, repair, and minor interior or exterior alterations of existing public facilities.

LEGAL REVIEW:

None.

STRATEGIC GOAL:

Goal No. 3: Provide quality infrastructure.

PUBLIC NOTIFICATION:

Through the normal agenda process.

Prepared by: Han Sol Yoo, P.E., Civil Engineer
Fiscal Impact Reviewed by: Hannah Shin-Heydorn, City Manager Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENTS:

A. Stanton Community / Senior Center Improvements Project Contract B. A2Z Construct, Inc. Proposal
CA-1

CITY OF STANTON

CONTRACT AGREEMENT

STANTON COMMUNITY / SENIOR CENTER IMPROVEMENT PROJECT
THIS CONTRACT AGREEMENT (or “Contract”) is made and entered into for the abovestated project this 8th day of July, 2025, BY AND BETWEEN THE CITY OF STANTON, as City and A2Z CONSTRUCT, INC. as CONTRACTOR.

WITNESSETH that CITY and CONTRACTOR have mutually agreed as follows:

Article I
The contract documents for the aforesaid project shall consist of the Notice Inviting Bids, Instructions to Bidders, Proposal, General Specifications, Special Provisions in accordance with the Standard Specifications for Public Works Construction, Faithful Performance Bond, Labor and Material Bond, and all referenced specifications, details, Standard Plans and appendices, including all applicable State and Federal requirements; together with this Contract Agreement and all required bonds, insurance certificates, permits, notices and affidavits; and also including any and all addenda or supplemental agreements clarifying, amending or extending the work contemplated as may be required to insure its completion in an acceptable manner (collectively all the foregoing shall be referenced as the “Contract Documents”). All of the provisions of said contract documents are made a part hereof as though fully set forth herein.

Article II
For and in consideration of the payments and agreements to be made and performed by CITY, CONTRACTOR agrees to furnish all materials and perform all work required for the above stated project and to fulfill all other obligations as set forth in the aforesaid Contract Documents.

Article III
CONTRACTOR agrees to receive and accept the prices set forth in the proposal as full compensation for furnishing all materials, performing all work and fulfilling all obligations hereunder. Said compensation shall cover all expenses, losses, damages, and consequences arising out of the nature of work during its progress or prior to its acceptance, including those for well and faithfully completing the work and the whole hereof in the manner and time specified in the aforesaid Contract Documents; and also including those arising from actions of the elements, unforeseen difficulties or obstructions encountered in the prosecution of the work, suspension or discontinuance of the work, and all other unknowns or risks of any description connected with the work.

Attachment: A
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CA-2
Article IV
CITY hereby promises and agrees to employ, and does hereby employ, CONTRACTOR to provide the materials, do the work and fulfill the obligations according to the terms and conditions herein contained and referred to, for the prices aforesaid, and hereby contracts to pay the same at the time, in the manner and upon the conditions set forth in the Contract Documents.

The total amount of this contract shall not exceed SIX HUNDRED SIX THOUSAND AND FIFTY Dollars ($606,050.00). CONTRACTOR shall not be compensated for any services rendered in connection with its performance of this agreement which are in addition to those set forth herein, unless such additional services are authorized in advance and in writing by the City Council, or if pursuant to its authority, the City Manager, or his or her designee. CONTRACTOR shall be compensated for any additional services in the amounts and in the manner as agreed to by the City Manager or City representative and CONTRACTOR at the time City’s written authorization is given to CONTRACTOR for the performance of said services. The City Manager may approve additional work not to exceed 15% of the contract amount approved by City Council or $30,000 whichever is less. Any additional work in excess of this amount shall be approved by the City Council.

Article V
CONTRACTOR acknowledges the provisions of the State Labor Code requiring every employee to be insured against liability for Worker's Compensation or to undertake self-insurance in accordance with the provisions of that code, and certifies compliance with such provisions.

Article VI
CONTRACTOR agrees to indemnify and hold harmless CITY and all of its officers, officials, consultants, employees, agents, and volunteers from any claims, demands or causes of action, including related expenses, attorney's fees and costs, based on, arising out of, or in any way related to the work undertaken by CONTRACTOR hereunder.

Article VII
CONTRACTOR affirms that the signatures, titles, and seals set forth herein in execution of this Contract Agreement represent all individuals, firm members, partners, joint venturers, and/or corporate officers having a principal interest herein.

Article VIII
CONTRACTOR shall comply, and shall ensure all subcontractors and/or subconsultants comply with, all applicable terms of the funding agreement between the County of Orange and the City (Contract # 012-24011211) (the “Funding Agreement”), funded by Community Development Block Grant (CDBG) through the U.S. Department of Housing & Urban Development, attached hereto as Exhibit “X” and incorporated herein by reference, including, without limitation the Federal Procurement Regulations set forth in 2 C.F.R. 200.316 through 2 C.F.R. 200.328.

IN WITNESS WHEREOF the parties hereto have caused this Agreement to be executed the day and year first written.

CA-3
A2Z CONSTRUCT, INC. CITY OF STANTON
Name Date Hannah Shin-Heydorn Date
Title City Manager
ATTEST:

Name Date Patricia A. Vazquez Date
Title City Clerk
____________________________________ APPROVED AS TO FORM:

Contractor’s License Number and Classification
____________________________________
DIR Registration Number
Best Best & Krieger LLP Date
City Attorney
NOTE: SIGNATURES OF CORPORATE OFFICIALS MUST BE NOTARIZED CA-4
Notary Acknowledgment
A notary public or other officer completing this
certificate verifies only the identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.

STATE OF CALIFORNIA
COUNTY OF ______________
On , 20___, before me, _______________________________, Notary Public, personally
appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature of Notary Public

OPTIONAL
Though the information below is not required by law, it may prove valuable to persons relying on the document
and could prevent fraudulent removal and reattachment of this form to another document.

CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT  Individual
 Corporate Officer
Title(s) Title or Type of Document
 Partner(s)  Limited
 General Number of Pages
 Attorney-In-Fact
 Trustee(s)
 Guardian/Conservator Date of Document
 Other:

Signer is representing:

Name Of Person(s) Or Entity(ies)
Signer(s) Other Than Named Above

STANTON COMMUNITY / SENIOR CENTER

IMPROVEMENT PROJECT
CA-5

CITY OF STANTON

FAITHFUL PERFORMANCE BOND

STANTON COMMUNITY / SENIOR CENTER IMPROVEMENT PROJECT
KNOW ALL PERSONS BY THESE PRESENTS:

THAT WHEREAS, the City of Stanton (hereinafter referred to as “City”) has awarded to ____________________, (hereinafter referred to as the “Contractor”) _______________________ an agreement for ______________________________ (hereinafter referred to as the “Project”).

NOW, THEREFORE, we, _______________, the undersigned Contractor and _____________________________________________ as Surety, a corporation organized and duly authorized to transact business under the laws of the State of California, are held and firmly bound unto the City in the sum of ___________________________ DOLLARS, ($____________), said sum being not less than one hundred percent (100%) of the total amount of the Contract, for which amount well and truly to be made, we bind ourselves, our heirs, executors and administrators, successors and assigns, jointly and severally, firmly by these presents.

THE CONDITION OF THIS OBLIGATION IS SUCH, that, if the Contractor, his or its heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and agreements in the Contract Documents and any alteration thereof made as therein provided, on its part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their intent and meaning; and shall faithfully fulfill all obligations including the one-year guarantee of all materials and workmanship; and shall indemnify and save harmless the City, its officers and agents, as stipulated in said Contract Documents, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect.

As a condition precedent to the satisfactory completion of the Contract Documents, unless otherwise provided for in the Contract Documents, the above obligation shall hold good for a period of one (1) year after the acceptance of the work by City, during which time if Contractor shall fail to make full, complete, and satisfactory repair and replacements and totally protect the City from loss or damage resulting from or caused by defective materials or faulty workmanship, Surety shall undertake and faithfully fulfill all such obligations. The obligations of Surety hereunder shall continue so long as any obligation of Contractor remains. Nothing herein shall limit the City’s rights or the Contractor or Surety’s obligations under the Contract, law or equity, including, but not limited to, California Code of Civil Procedure section 337.15.

STANTON COMMUNITY / SENIOR CENTER

IMPROVEMENT PROJECT
CA-6
Whenever Contractor shall be, and is declared by the City to be, in default under the Contract Documents, the Surety shall remedy the default pursuant to the Contract Documents, or shall promptly, at the City’s option:
(1) Take over and complete the Project in accordance with all terms and conditions in the Contract Documents; or
(2) Obtain a bid or bids for completing the Project in accordance with all terms and conditions in the Contract Documents and upon determination by Surety of the lowest responsive and responsible bidder, arrange for a Contract between such bidder, the Surety and the City, and make available as work progresses sufficient funds to pay the cost of completion of the Project, less the balance of the contract price, including other costs and damages for which Surety may be liable. The term “balance of the contract price” as used in this paragraph shall mean the total amount payable to Contractor by the City under the Contract and any modification thereto, less any amount previously paid by the City to the Contractor and any other set offs pursuant to the Contract Documents.
(3) Permit the City to complete the Project in any manner consistent with local, California and federal law and make available as work progresses sufficient funds to pay the cost of completion of the Project, less the balance of the contract price, including other costs and damages for which Surety may be liable. The term “balance of the contract price” as used in this paragraph shall mean the total amount payable to Contractor by the City under the Contract and any modification thereto, less any amount previously paid by the City to the Contractor and any other set offs pursuant to the Contract Documents.

Surety expressly agrees that the City may reject any contractor or subcontractor which may be proposed by Surety in fulfillment of its obligations in the event of default by the Contractor.

Surety shall not utilize Contractor in completing the Project nor shall Surety accept a bid from Contractor for completion of the Project if the City, when declaring the Contractor in default, notifies Surety of the City’s objection to Contractor’s further participation in the completion of the Project.

The Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the Contract Documents or to the Project to be performed thereunder shall in any way affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the Contract Documents or to the Project, including but not limited to the provisions of sections 2819 and 2845 of the California Civil Code.

IN WITNESS WHEREOF, we have hereunto set our hands and seals this _______ day of ______________, 20__).
(Corporate Seal)
Contractor/ Principal
By
Title

STANTON COMMUNITY / SENIOR CENTER

IMPROVEMENT PROJECT
CA-7
(Corporate Seal)
Surety
By
Attorney-in-Fact
Signatures of those signing for the Contractor and Surety must be notarized and evidence of corporate authority attached.
(Attach Attorney-in-Fact Certificate) Title
The rate of premium on this bond is ____________ per thousand. The total amount of premium charges, $_______________________________.
(The above must be filled in by corporate attorney.)

THIS IS A REQUIRED FORM
Any claims under this bond may be addressed to:
(Name and Address of Surety)
(Name and Address of Agent or
Representative for service of
process in California, if different
from above)
(Telephone number of Surety
and Agent or Representative for
service of process in California)
NOTE: A copy of the Power-of-Attorney authorizing the person signing on behalf of the Surety to do so must be attached hereto.

STANTON COMMUNITY / SENIOR CENTER

IMPROVEMENT PROJECT
CA-8
Notary Acknowledgment
A notary public or other officer completing this
certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature of Notary Public

Signer is representing:

Name Of Person(s) Or Entity(ies)
Signer(s) Other Than Named Above

STANTON COMMUNITY / SENIOR CENTER

IMPROVEMENT PROJECT
CA-9

CITY OF STANTON

PAYMENT BOND

STANTON COMMUNITY / SENIOR CENTER IMPROVEMENT PROJECT
KNOW ALL MEN BY THESE PRESENTS That
THAT WHEREAS, the City of Stanton (hereinafter referred to as “City”) has awarded to ____________________, (hereinafter referred to as the “Contractor”) _______________________ an agreement for ______________________________ (hereinafter referred to as the “Project”).

WHEREAS, the work to be performed by the Contractor is more particularly set forth in the Contract Documents for the Project dated ________________, (hereinafter referred to as “Contract Documents”), the terms and conditions of which are expressly incorporated herein by reference; and
WHEREAS, said Principal is required to furnish a bond in connection with said contract; providing that if said Principal or any of its Subcontractors shall fail to pay for any materials, provisions, provender, equipment, or other supplies used in, upon, for or about the performance of the work contracted to be done, or for any work or labor done thereon of any kind, or for amounts due under the Unemployment Insurance Code or for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of said Principal and its Subcontractors with respect to such work or labor the Surety on this bond will pay for the same to the extent hereinafter set forth.

NOW THEREFORE, we, the Principal and __________________________ as Surety, are held and firmly bound unto the City in the penal sum of ______________ Dollars ($___________) lawful money of the United States of America, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

THE CONDITION OF THIS OBLIGATION IS SUCH that if said Principal, his or its subcontractors, heirs, executors, administrators, successors or assigns, shall fail to pay any of the persons named in Section 9100 of the Civil Code, fail to pay for any materials, provisions or other supplies, used in, upon, for or about the performance of the work contracted to be done, or for any work or labor thereon of any kind, or amounts due under the Unemployment Insurance Code with respect to work or labor performed under the contract, or for any amounts required to be deducted, withheld, and paid over to the Employment Development Department or Franchise Tax Board from the wages of employees of the contractor and his subcontractors pursuant to Section 18663 of the Revenue and Taxation Code, with respect to such work and labor the Surety or Sureties will pay for the same, in an amount not exceeding the sum herein above specified, and also, in case suit is brought upon this bond, all litigation expenses incurred by City in such suit, including reasonable attorneys’ fees, court costs, expert witness fees and investigation expenses.

This bond shall inure to the benefit of any of the persons named in Section 9100 of the Civil Code so as to give a right of action to such persons or their assigns in any suit brought upon this bond.

STANTON COMMUNITY / SENIOR CENTER

IMPROVEMENT PROJECT
CA-10
It is further stipulated and agreed that the Surety on this bond shall not be exonerated or released from the obligation of this bond by any change, extension of time for performance, addition, alteration or modification in, to, or of any contract, plans, specifications, or agreement pertaining or relating to any scheme or work of improvement herein above described, or pertaining or relating to the furnishing of labor, materials, or equipment therefore, nor by any change or modification of any terms of payment or extension of the time for any payment pertaining or relating to any scheme or work of improvement herein above described, nor by any rescission or attempted rescission of the contract, agreement or bond, nor by any conditions precedent or subsequent in the bond attempting to limit the right of recovery of claimants otherwise entitled to recover under any such contract or agreement or under the bond, nor by any fraud practiced by any person other than the claimant seeking to recover on the bond and that this bond be construed most strongly against the Surety and in favor of all persons for whose benefit such bond is given, and under no circumstances shall Surety be released from liability to those for whose benefit such bond has been given, by reason of any breach of contract between the owner or City and original contractor or on the part of any obligee named in such bond, but the sole conditions of recovery shall be that claimant is a person described in Section 9100 of the Civil Code, and has not been paid the full amount of his claim and that Surety does hereby waive notice of any such change, extension of time, addition, alteration or modification herein mentioned and the provisions of sections 2819 and 2845 of the California Civil Code.

IN WITNESS WHEREOF, we have hereunto set our hands and seals this _______ day of ______________, 20__.
(Corporate Seal)
Contractor/ Principal
By
Title
(Corporate Seal) Surety
By
Attorney-in-Fact
Title
Signatures of those signing for the Contractor and Surety must be notarized and evidence of corporate authority attached. A Power-of-Attorney authorizing the person signing on behalf of the Surety to do so much be attached hereto.

NOTE: A copy of the Power-of-Attorney authorizing the person signing on behalf of the Surety to do so must be attached hereto.

STANTON COMMUNITY / SENIOR CENTER

IMPROVEMENT PROJECT
CA-11
Notary Acknowledgment
A notary public or other officer completing this
certificate verifies only the identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature of Notary Public

Signer is representing:

Name Of Person(s) Or Entity(ies)
Signer(s) Other Than Named Above

STANTON COMMUNITY / SENIOR CENTER

IMPROVEMENT PROJECT
CA-12

CITY OF STANTON

COMPENSATION INSURANCE CERTIFICATE

STANTON COMMUNITY / SENIOR CENTER IMPROVEMENT PROJECT
Pursuant to Section 1861 of the State Labor Code (amended by Stats. 1979, C.373, p. 1343), before beginning work, the Contractor shall furnish to the City Engineer a certificate of insurance for all persons whom he may employ directly or through subcontractors in carrying out the work specified herein, in accordance with the laws of the State of California. Such insurance shall be maintained in full force and effect during the period covered by this contract.

Before beginning work, the Contractor shall furnish to the City Engineer a certificate of insurance as proof that he has taken out full compensation insurance for all persons whom he may employ directly or through subcontractors in carrying out the work specified herein, in accordance with the laws of the State of California. Such insurance shall be maintained in full force and effect during the period covered by this contract.

Contractor, prior to commencing work, shall sign and file with the City of Stanton a certification as follows:

I am aware of the provisions of Section 3700 of the Labor Code which requires every employer to be insured against liability for Worker's Compensation or to undertake self-insurance in accordance with the provisions of that Code, and I will comply with such provisions before commencing the performance of the work of this contract.

CONTRACTOR
By:

Title:

Date:

STANTON COMMUNITY / SENIOR CENTER

IMPROVEMENT PROJECT
CA-13
Section 3700 of the State Labor Code reads as follows:
"Every employer except the State shall secure the payment of compensation in one or more of the following ways:
(a) By being insured against liability to pay compensation in one or more insurers duly authorized to write compensation insurance in the state. (b) By securing from the Director of Industrial Relations a certificate of consent to self-insure, which may be given upon furnishing proof satisfactory to the Director of Industrial Relations of ability to self-insure and to pay any compensation that may become due to his employee."
(Amended by Stats, 1978, c. 1379, p. 4571)
Compensation Insurance Certificate
To be submitted with Contract Agreement
Exhibit: A
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Bidder's Name: A2Z Construct Inc

BID FORMS

BID ACKNOWLEDGEMENT
NAME OF BIDDER: A2Z Construct Inc --------------------- The undersigned hereby declare that we have carefully examined the location of the proposed Work, and have read and examined the Contract, including all plans, specifications, and all addenda, if any, for the following Project:

STANTON COMMUNITY/ SENIOR CENTER IMPROVEMENT PROJECT
To the City of Stanton, with its principal place of business at 7800 Katella Avenue, Stanton, CA 90680:

In response to the Notice Inviting Bids dated May 28, 2025 and in accordance with the accompanying Instructions to Bidders, the undersigned hereby proposes to the City to furnish all -------mor;-tm:hnical al'ic:JPr6fess1ona services, supervIsIon, ma erials and equipment, otne r1-=-a
=n�-----
materials and equipment specified as furnished by the City, and to perform all operations necessary and required to construct the Project in accordance with the provisions of the Contract Documents, including all plans, specifications, and all addenda, and at the prices stated opposite the respective items set forth in the Bid Schedule.

This Bid constitutes a firm offer to the City which cannot be withdrawn for 90 days after the date set for opening of Bids, or until a Contract is executed by the City and a third party, whichever is earlier.

The undersigned certifies that it has examined and is fully familiar with all of the provisions of the Contract Documents and any addenda thereto; that it has carefully checked all of figures shown in its Bid Schedule; that it has carefully reviewed the accuracy of all statements .in this Bid and attachments hereto; and that it understands and agrees that the City will not be responsible for any errors or omissions on the part of the undersigned in preparing this Bid.

BIDDER certifies that in all previous contracts or subcontracts, all reports that may have been due under the requirements of any agency, State, or Federal equal employment opportunity orders have been satisfactorily filed, and that no such reports are currently outstanding.

BIDDER declares that the only persons or parties interested in this Proposal as principals are those named herein; that no officer, agent, or employee of the CITY is personally interested, directly or indirectly, in this Bid; that this Proposal is made without connection to any other individual, firm, or corporation making a bid for the same work; and that this Bid is in all respects fair and without collusion or fraud.

If awarded a Contract, the undersigned agrees to execute and deliver to the City within ten (10) calendar days after date of receipt of Notice of Award, a signed Contract and the necessary Performance Bond, Payment Bond, and Certificates of Insurance and Endorsements.

P-1
Attachment: B
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CITY OF STANTON

REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: July 8, 2025
SUBJECT: RECEIVE AND FILE CITY OF STANTON QUALIFIED CONTRACTORS

LIST FOR CALIFORNIA UNIFORM PUBLIC CONSTRUCTION COST

ACCOUNTING ACT
REPORT IN BRIEF:

The City of Stanton’s Qualified Contractors List has been prepared in accordance with the California Uniform Public Construction Cost Accounting Act (CUPCCAA) guidelines and associated Public Contract Codes.

RECOMMENDED ACTION:

2. Receive and file the Qualified Contractors List.

BACKGROUND:

The California Uniform Public Construction Cost Accounting Act (CUPCCAA) is legislation that was enacted in 1983 to help promote “uniformity of the cost accounting standards and bidding procedures on construction work performed or contracted by public entities in the state” (Section 22001). The Act is a voluntary program available to all public entities in the State, but it applies only to those public agencies that have “opted in” to the provisions set forth by the Act using the processes outlined in the Act. The entirety of the Act is found at Sections 22000-22045. In 2011, the City adopted Municipal Code Section 2.58.010 to opt in.

The CUPCCAA allows for public works projects in the amount of $60,000 or less to be performed by a public agency’s force account using the public agency’s own resources, or by negotiated contract, or by purchase order. Public Projects in the amount of $200,000 or less may use the informal or formal bidding procedures set forth in the Act. Public Projects at a cost of more than $200,000 must use formal bidding procedures pursuant to Public Contract Codes Section 22032(c).

Item: 9J
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On May 21, 2025, a “Notice Inviting Interested Contractors” was released soliciting applications to interested contractors to be placed on the City’s 2025 Contractors List. This list is designed so contractors can receive “Notice Inviting Bids” for informal projects under $200,000 in their work category per California Public Contract Code 22032. Only qualified contractors will be notified and eligible to bid on these Informal Bid Projects per Public Contract Code Section 22034.

Utilizing the City’s Business License report, businesses with active business licenses with the City of Stanton were also notified to participate and be included in the City’s Contractors List.

ANALYSIS/JUSTIFICATION:

Utilizing this program offers several advantages, including increased flexibility in the execution of public works projects under a certain dollar amount; streamlined award process; expedited project delivery; reduced time, effort, and expense associated with bidding projects under $200,000; and simplified administration for these projects.

FISCAL IMPACT:

None.

ENVIRONMENTAL IMPACT:

None.

LEGAL REVIEW:

None.

PUBLIC NOTIFICATION:

Notifications and advertisement were performed as prescribed by law.

STRATEGIC GOALS:

Goal No. 3: Provide quality infrastructure.

Goal No. 5: Maintain and promote a responsive, high-quality and transparent government.

Prepared by: Han Sol Yoo, P.E., Civil Engineer
Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENT:

A. Qualified Contractors List
Qualified Contractors List
Company Name DBA Name CSLB Classification License #
National Plant Services, Inc. National Plant Services, Inc. A,C-42 351503 F.M. Thomas Air Conditioning, inc F.M. Thomas Air Conditioning, inc B,C4,C20,C36,C38 313574 RG General Engineering, Inc RG General Engineering, Inc A 1086241 J Orozco Enterprises Orozco Landscape and Tree Company C27,C61,D49,C49 780564 Integrated Demolition and Remediation Inc Integrated Demolition and Remediation Inc A,B,C-21,C-22,HAZ,ASB 1003504 Drain Town Rooter Drain Town Rooter C36 1076015
Mel Smith Electric, Inc A,B,C7,C10,C12,C21 Haz 394741
J&E Construction Corporation A 1112809
Golden Coast Construction A 1074709
Aventus Security Micro-Business DGS # 2032111 121204
A2Z Construct Inc A,B 739539
So Cal Sandbags, Inc A 632882
Southwest Painting Inc C33,B 1020773
Dulux Painting Inc Depot Painting C-33 780020
Wayne Perry Inc A,C21,C10,B,C61/D40,HAZ,C57 300345
Innovative Engineering Systems Agilitech A , C-10 902979 Century Paving Inc C12,A,C32 311456
Superior Pavement Markings, Inc C31,C32,C61,D38,D42 776306 Big Ben Inc A 774444
Golden West Arbor Services, Inc C27,C61,D49,C49,C31,D59 955608 Verne's Plumbing, Inc B,C34,C36 674077
RJ Noble Company A,C12 782908
Leddy Power Systems, Inc B,C10 1071611
Pro-Craft Construction, Inc C36,C34,B,A,C42,C2,C16 467234 Mesa Energy Systems, Inc C20,C10,B,C38,C36,C4,C46,C7 611215 Hanna Construction Inc Hanna Construction B,C8 242846
J.A. Salazar Construction & Supply Corp A,C34,C36 743587 Newman Midland Corp B 757755
Alpha Traffic Services, Inc C31 936627
GM Parking Lot Restoration Corp C12,C32 1055394
Caliba, Inc B 657694
So Cal Sewer Construction Inc A,B,C34,C36,C42 1029948
Modern General Contractor Inc B 910604
RJ Noble Company A,C12 782908
EMTS,Inc Elite Maintenance and Tree Service c-27 911565 Dynamic Build Solutions Dynamic Build Solutions B 796410 As of : July 1, 2025
Attachment: A
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1 CITY OF STANTON

REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: July 8, 2025
SUBJECT: AUTHORITY TO ADVERTISE FOR CONSTRUCTION OF THE FISCAL YEAR (FY) 2025/26 CITYWIDE SIDEWALK REPAIR PROJECT
REPORT IN BRIEF:

The plans and specifications for the FY 2025/26 Citywide Sidewalk Repair Project are complete. The City Engineer is recommending City Council approve the specifications and plans for bidding, subject to revision by the City Engineer and the City Attorney, to ensure the construction contract is awarded in an efficient and timely manner. The Project plans and specifications are available in the City Engineer’s Office for review.

RECOMMENDED ACTION:

2. Approve the bid specifications and plans, subject to revisions required by the City Engineer and the City Attorney; and

3. Authorize and advertise for bids the FY 2025/26 Citywide Sidewalk Repair Project.

BACKGROUND:

The City is responsible for maintaining 44.7 centerline miles of public right-of-way, which includes sidewalks, curbs and gutters, and other concrete infrastructure. To address significant concrete uplifts, tree root intrusions, and general damage, the City has established a proactive, Annual Citywide Sidewalk Repair Project as part of the Capital Improvement Program. This project is designed to systematically identify and remediate significant concrete uplifts, cracking, and other hazards on a yearly basis.

The scope of work for the FY 2025/26 Citywide Sidewalk Repair Project consists of removing and replacing various concrete infrastructure such as sidewalks and curb and gutters throughout the City.

Item: 9K
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2 ANALYSIS/JUSTIFICATION:

The plans and specifications for the FY 2025/26 Citywide Sidewalk Repair Project are complete. The engineer’s estimate for this project is approximately $70,000. The City Engineer is recommending Council approve the specifications and plans for bidding, subject to revisions by the City Engineer and the City Attorney, to ensure a construction contract is awarded in an efficient and timely manner.

The Project plans and specifications are available in the City Engineer’s Office for review.

FISCAL IMPACT:

There is no fiscal impact associated with the recommended actions.

ENVIRONMENTAL IMPACT:

This project is exempt under the California Environmental Quality Act (“CEQA”), Class 1, Section 15301(c) as repair, maintenance, and minor alteration of existing streets, sidewalks, gutters, and similar facilities.

LEGAL REVIEW:

None.

STRATEGIC GOAL:

Goal 3. Provide quality infrastructure.

PUBLIC NOTIFICATION:

Through the normal agenda process.

Prepared by: Han Sol Yoo, P.E., Civil Engineer
Reviewed by: Elias Garcia, P.E., T.E., Assistant City Engineer Approved by: Hannah Shin-Heydorn, City Manager
1 CITY OF STANTON

REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: July 8, 2025
SUBJECT: ACCEPTANCE OF THE 8880 PACIFIC AVENUE DEMOLITION AND

ABATEMENT PROJECT BY THE CITY COUNCIL OF THE CITY OF

STANTON, CALIFORNIA
REPORT IN BRIEF:

The demolition and abatement of the vacant four-unit building located at 8880 Pacific Avenue has been successfully completed. The final construction cost for this portion of the overall project was $75,000. The City Engineer has certified that all work was completed in accordance with project specifications as of June 3, 2025. Staff recommends the City Council formally accept the completed improvements, approve the final contract amount, and authorize the filing of the Notice of Completion.

RECOMMENDED ACTION:

3. Approve the final construction contract amount of $75,000 with Integrated Demolition and Remediation, Inc.; and

4. Direct the City Clerk to file the Notice of Completion with the Orange County ClerkRecorder within ten (10) days of project acceptance (Attachment A); and

5. Authorize City staff to release the retention payment of $3,750 to Integrated Demolition and Remediation, Inc. following the statutory 35-day lien period after filing of the Notice of Completion.

Item: 9L
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2 BACKGROUND:

The property at 8880 Pacific Avenue, along with neighboring sites at 8891 Pacific Avenue and 8870 Tina Way, had become a persistent source of illegal activity, including trespassing, vandalism, illicit drug use, and fires. These activities posed a significant threat to the safety and well-being of nearby residents and the broader Tina Pacific community.

In response to community complaints and reports from QMG and residents, staff recommended the demolition of the three blighted buildings to mitigate safety hazards and prevent further criminal activity. Pursuant to the City’s Purchasing and Contracting Guidelines, staff utilized an emergency procurement provision to bypass the standard bidding process in order to protect public health and safety.

On April 8, 2025, the City Council awarded a $225,000 contract to Integrated Demolition and Remediation, Inc. for the abatement and demolition of all three structures. The demolition of 8880 Pacific Avenue was prioritized and completed first, with a corresponding budget allocation of $75,000, representing one-third of the total project scope.

ANALYSIS/JUSTIFICATION:
• The demolition and abatement of 8880 Pacific Avenue was completed on June 3, 2025, in full compliance with project specifications.
• The final construction cost was $75,000, with no change orders issued. • The City Engineer has reviewed and certified the project as satisfactorily complete. • Acceptance of the improvements allows the City to file the Notice of Completion and release retention in accordance with public contracting law.

FISCAL IMPACT:

The final cost of $75,000 will be paid to Integrated Demolition and Remediation, Inc. using funds from the Housing Authority, as allocated in the FY 2024–25 Operating Budget.

ENVIRONMENTAL IMPACT:

This project is categorically exempt from CEQA pursuant to Section 15301(l)(3), Class 1, which includes demolition and removal of individual small structures that do not involve expansion of use.

LEGAL REVIEW:

None.
3 STRATEGIC GOAL:

Goal 1. Provide a safe community.

PUBLIC NOTIFICATION:

Notifications were performed through the normal agenda process.

Prepared by: Han Sol Yoo, P.E., Civil Engineer
Reviewed by: Elias Garcia, P.E., T.E., Assistant City Engineer Fiscal Impact Reviewed by: Hannah Shin-Heydorn, City Manager Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENT:

A. Notice of Completion
Recording requested by and
when recorded mail to:

CITY OF STANTON
7800 KATELLA AVE.

STANTON, CA 90680

EXEMPT FROM RECORDING FEES PER
GOVERNMENT CODE SECTION 27383

NOTICE OF COMPLETION
Notice pursuant to Civil Code Section 3093, must be filed within 10 days after completion.

Notice is hereby given that:

1. The undersigned is owner or corporate officer of the owner of the interest or estate stated below in the property hereinafter described:

2. The full name of the owner is the City of Stanton.

3. The full address of owner is 7800 Katella Avenue, Stanton, CA 90680.

4. The nature of the interest or estate of the owner is: Public Facility.

5. A work of improvement on the property hereinafter described was completed on June 3, 2025. The work was the 8880 Pacific Demolition and Abatement Project.

6. The name of the contractor for such work of improvement was: Integrated Demolition and Remediation, Inc.

7. The property on which said work of improvement was completed is in the City of: Stanton, County of Orange, and State of California.

Dated:______________________ ___________________________________, City of Stanton Verification for Individual Owner Cesar Rangel, City Engineer

VERIFICATION
I, the undersigned, say: I am the City Engineer of the City of Stanton, the declarant of the foregoing Notice of Completion; I have read said Notice of Completion and know the contents thereof; the same is true of my own knowledge. I declare under penalty of perjury that the foregoing is true and correct.

Executed on _______________________________, 2025, at Stanton, California. _________________________________________, City of Stanton Cesar Rangel, City Engineer
(Space above this line for Recorder’s use)
Attachment: A
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1 CITY OF STANTON

REPORT TO THE CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: July 8, 2025
SUBJECT: APPROVAL OF FIRST AMENDMENT EXTENDING THE LETTER

AGREEMENT WITH HARRIS & ASSOCIATES (HARRIS) FOR ANNUAL

ADMINISTRATION SERVICES FOR STANTON LIGHTING AND
LANDSCAPING DISTRICT NO. 1, PROTECTIVE SERVICES TAX ROLL,

AND SEWER USER FEE SERVICES
REPORT IN BRIEF:

Staff is seeking City Council approval to extend the term for the professional services letter agreement with Harris & Associates to perform the annual administration services for Stanton Lighting and Landscaping District No. 1, which includes the preparation of the Engineer’s Report, the annual administration for the protective services tax roll and sewer user fee tax roll. The scope of work is for the next two fiscal years (Fiscal Years 2026/27 and 2027/28). Staff believes this term extension is in the best interest of the City and intends to issue a request for proposals (RFP) for a new five-year cycle of tax administration and sewer user fee services after the extension period is completed.

RECOMMENDED ACTION:

1. City Council find that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Section 15378(b)(5) (Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment); and

2. Approve the First Amendment to the existing letter agreement with Harris and Associates extending the term to August 10, 2027 and increasing the associated notto-exceed compensation amount to seventy-one thousand nine hundred seventy dollars ($71,970); and
Item: 9M
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2 3. Authorize the Executive Director/City Manager to execute the First Amendment to the existing letter agreement with Harris and Associates for the annual administration of Stanton Lighting and Landscaping District No. 1, protective services tax roll, and sewer user fee tax roll for Fiscal Years 2026-27 and 2027-28.

ANALYSIS:

The scope of work includes professional services related to the following:
1) Annual Administration related to the Stanton Lighting and Landscaping District No. 1 (“District”) including preparation of the engineer’s assessment rate report, and preparation of the annual property tax assessment roll and submission to the County (funding assessment used for maintenance and improvements for the City’s street lights, traffic signals, and medians).
2) Annual administration related to the protective services tax review and annual property tax assessment roll preparation and submission to the County (funding assessment used for fire protection services).
3) Annual administration related to the sewer user fee review and annual property tax assessment roll preparation and submission to the County (funding assessment used for sewer services).

Due to Harris’ expertise and familiarity with the City and the technical aspects and time constraints to complete the document preparation and assessment filing, staff is recommending that the City Council extend the current letter agreement with Harris & Associates to perform this work for Fiscal Years 2026-27 and 2027-28 (Attachment A).

FISCAL IMPACT:

Sufficient funding for the amendment will be appropriated in the respective fiscal year’s budget.

ENVIRONMENTAL IMPACT:

None, this item is not subject to the California Environmental Quality Act (“CEQA”) pursuant to Sections 15060(c)(3) (the activity is not a project as defined in Section 15378(b)(5) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, as it is an organizational or administrative activity of government that will not result in direct or indirect physical changes in the environment). 3 LEGAL REVIEW:

None.

STRATEGIC GOAL:

Goal 4. Ensure fiscal stability.

PUBLIC NOTIFICATION:

Public notice for this item was made through the regular agenda process.

Prepared by: Sharon del Rosario, Finance Director
Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENTS:

A. First Amendment to the Letter Agreement with Proposal B. Original Letter Agreement

CITY OF STANTON

FIRST AMENDMENT TO

LETTER AGREEMENT FOR PROFESSIONAL SERVICES

1. PARTIES AND DATE.

This First Amendment to the Letter Agreement for Professional Services (“First Amendment”) is entered into on the 8th day of July, 2025, by and between the City of Stanton (hereinafter referred to as the “City”) and Harris & Associates (hereinafter referred to as the “Consultant”). City and Consultant are sometimes collectively referred to herein as the “Parties.”

2. RECITALS.

2.1 Agreement. The Parties entered into that certain Letter Agreement for Professional Services dated February 20, 2024 (“Agreement”).

2.2 First Amendment. The Parties now desire to amend the Agreement in order to extend the term to include the scope of work covering the fiscal year 2026/27 and 2027/28 expiring on August 10, 2027 and to increase the total compensation under the Agreement from $34,940 to $71,970.

3. TERMS.

3.1 Term. The Agreement is hereby amended to extend the term to include the same scope of work to be completed for Fiscal Years 2026-27 and 2027-28 to be completed by August 10, 2027.

3.2 Scope of Services. The Agreement is hereby amended to include the scope of services set forth in Exhibit “A,” attached hereto and incorporated herein by reference. This scope of services shall replace the scope of services set forth in the Agreement.

3.3 Compensation. Consultant shall receive compensation, including authorized reimbursements, for all Services rendered under this First Amendment at the rates set forth in Exhibit “B” attached hereto and incorporated herein by reference. The total compensation for the Services provided pursuant to this First Amendment shall not exceed Seventy One Thousand and Nine Hundred Seventy Dollars ($71,970), without written approval of the City Manager.

3.4 Declaration of Political Contributions. Prior to the City’s approval of this First Amendment, Consultant shall submit to City a statement in writing declaring any political contributions of money, in-kind services, or loan made to any member of the City Council within the previous twelve-month period by the Consultant and all of Consultant’s employees, including any employee(s) that Consultant intends to assign to perform the Services described in this Agreement.

3.5 Remaining Provisions of Agreement. Except as otherwise specifically set forth in this First Amendment, the remaining provisions of the Agreement shall remain in full force and effect.

Attachment: A
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IN WITNESS WHEREOF, the parties have executed this First Amendment to Agreement for Professional Services on this ____________ day of July, 2025.

CITY OF STANTON HARRIS & ASSOCIATES
By:

Hannah Shin-Heydorn
City Manager
By:

Diana Sheng, Project Manager
ATTEST:

By:

Patricia A. Vazquez
City Clerk
By:

Donna Segura, Director
APPROVED AS TO FORM:

By:

Best Best & Krieger LLP
City Attorney
EXHIBIT “A”

FIRST AMENDMENT TO

LETTER AGREEMENT FOR PROFESSIONAL SERVICES

SCOPE OF SERVICES
A. Lighting and Landscaping District No. 1
Annual District Administration Services. Provisions of the Landscaping and Lighting Act of 1972 will be used in completing the work. This scope of work is based on the assumption that there will be no increases in assessment rates as defined by Article XIIID of the California Constitution (Prop. 218) and the Prop 218 Omnibus Implementation Act.

A.1 Initiation. Review last year’s assessments and any corrections to assessments which the City has identified, receive budgets and confirm schedule.

A.2 Review Assessment District Budgets. Review City Budgets for the upcoming fiscal year to verify that all appropriate components have been included in the proposed Assessment District Budget.

A.3 Preliminary Assessment Calculations. Determine assessment rates for each zone of benefit based on the new budgets, and any changes to the district.

A.4 Prepare Engineer’s Report. Prepare the Engineer’s Report setting the annual assessment rates for the next fiscal year based on budget estimates from the City. Furnish the draft Report (in PDF format vie email) for review and comment. Furnish a signed electronic PDF copy, up to five (5) bound copies of the finalized Report and up to (2) copies of the Preliminary Assessment Roll for processing and filing. (The Engineer’s Report will be prepared and signed by a Registered Civil Engineer.)
A.5 Resolution of Intention and Public Hearing. Attend (if requested) to provide technical support and answer questions.

A.6 Auditor’s Report. After confirmation of assessments, prepare an Assessment Roll in electronic format, as required by the County Auditor-Controller for inclusion of assessments on the ensuing year’s property tax bills. Submit the roll to the County and, after receipt of the County’s exception report, make any required corrections. Deliver up to two (2) copies of the accepted Assessment Roll to the City.

B. Protective Services Tax Roll Administration
Annual District Administration Services. These services are based on the fact that the tax rates were approved by a 2/3 registered voter vote.

B.1 Initiation. Review the tax rates and any corrections to the tax roll that the City has identified for previous years’ taxes.

B.2 Preliminary Tax Roll. Furnish up to two (2) copies of the Preliminary Tax Roll, per the original enabling ordinance, for all taxable parcels in the City.

B.3 Council Meeting. Attend (if requested) to provide technical support and answer questions.

B.4 Auditor’s Report. After confirmation of tax levy, prepare the Tax Roll in electronic format, as required by the County Auditor-Controller for inclusion on the ensuing year’s property tax bills. Submit the roll to the County and, after receipt of the County’s exception report, make any required corrections. Deliver up to two (2) copies of the Final accepted Tax Roll to the City.

C. Sewer User Fee Administration
Annual District Administration Services. These services are based on the Orange County Sanitary District (OCSD) rate methodology as adopted in 2025 and the Council adopted rate schedule through fiscal year 2029-30.

C.1 Initiation Review last year’s sewer user fee rates, the latest data available from OCSD, any corrections to the fee roll that the City has identified. If the City elects to increase the rate for fiscal year 2026-27 based on the adopted rate schedule, a notice will need to be mailed to property owners no less than 30 days prior to July 1, reminding them of the adopted rate (according to Government Code Article 4.6, Section 53756). No notice is required if the rate for fiscal year 2026-27 is not increased over the prior year. (noticing is not included in this proposal)
C.2 Preliminary Fee Roll. Furnish up to two (2) copies of the Preliminary Sewer User Fee Roll, per
Adopted Resolution No. 2025-24 (June 10, 2025) as appropriate for all parcels in the City.

C.3 Council Meeting. Attend (if requested) to provide technical support and answer questions.

C.4 Auditor’s Report. After confirmation of the levy, prepare the Sewer User Fee Roll in electronic format, as required by the County Auditor-Controller for inclusion on the ensuing year’s property tax bills. Submit the roll to the County and, after receipt of the County’s exception report, make any required corrections. Deliver up to two (2) copies of the Final accepted Sewer User Fee Roll to the City.

Extended Services

1. Attendance at meetings in addition to those specified in the Scope of Services.

2. Noticing/Balloting services, if assessments or fees are increased.

3. Assisting with the establishment of a new citywide Street Lighting District.

4. Testimony in court or time preparing for a court suit of any kind.

5. Any other services requested and authorized by the City.

Responsibilities of the City

1. Provide the proposed budget for the Landscape and Lighting District.

2. Assist as necessary for obtaining the parcel data including land use and building square footage from Orange County Sanitary District (OCSD) and any new revenue or expenditures anticipated.

3. Prepare all resolutions and notices of public hearings or other meetings to be published by the City Clerk.

4. Provide qualified legal counsel to provide legal advice to City staff and to the Assessment Engineer, as required.

5. Provide access to records and data resulting in subdivision of land affecting the District and any new connections to the Sewer System.

SCHEDULE
The following schedule provides an estimated timeline for the annual 1972 Act District renewal process for the FY 2026-27 and 2027-28 assessment levy. Because assessments are not planned to increase, only 10 days of published noticing is required. We have shown the public hearing in mid-June, but the schedule can be adjusted as desired by the City.

Task Est. Date Feb Mar Apr May Jun Jul Au
Notice to Proceed to Harris Mar
Research Mar-Apr
Rec'v Budget Information Mar-Apr
LLD#1 Reso of Initiation Mar-Apr
Draft Engineer's Report mid Apr
Review comments with City early May
Final Engineer's Report early May
LLD#1 & Sewer Reso of Intention mid-May
LLD#1 & Sewer Fee Public Hearing, Tax mid-Jun
Assessment Roll Submittal by 10-Aug
The Council Meetings approving the levy of the Protective Services Tax is anticipated to occur at the same meeting for the LLMD and Sewer Fee Public Hearings.

PROJECT TEAM
Harris’ project team has extensive knowledge of the City’s funding districts, having been involved with the annual administration for many years and including the modification and expansion of the Sewer User Fee and assisting with the proposed citywide special tax.

Project Manager – Diana Sheng, will be the Project Manager and will be responsible for coordinating all aspects of the project, maintaining a close liaison with the City and ensuring the City’s satisfaction with the services. She will be the main point of communication between the project team and the City and will direct the activities of the project utilizing other staff as needed. She has over 16 years of assessment and financial engineering experience consulting to cities, counties, and special districts throughout California. She has prepared Engineer’s Reports, Special Tax Rate and Method of Apportionments, Boundary Maps, and Assessment Diagrams, and the preparation and mailing of notices and ballots, and ballot tabulation.

Project Director – Donna Segura, is a Director for our Municipal and District Finance team and leads the district formation and administration team. She has over 24 years of special district formation and administration experience consulting to cities, counties and special districts throughout the State of
California. She has assisted agencies with the analysis of special benefit from various types of improvements, in accordance with the requirements of Article XIIID of the California State Constitution (Proposition 218). She has also performed formation and annual administration services for Mello-Roos Community Facilities Districts, and various other fee and special tax districts.

Assessment Engineer – Alison Bouley, PE, will serve as the Assessment Engineer and Project Director on the project. Mrs. Bouley is a registered engineer and is Vice President of our Municipal and District Finance team. She has 24 years of experience in managing the programming and financing of infrastructure improvements consulting to cities, counties and special districts throughout the State. She has assisted agencies with the analysis of special benefit from various types of improvements, in accordance with the requirements of Article XIII D of the California State Constitution (Proposition 218).

She will be in “responsible charge” as required by Section 4(b) of Article XIIID of the State Constitution, which requiresthat “all assessments be supported by a detailed engineer’s report prepared by a registered professional engineer certified by the State of California.” Ultimately, Mrs. Bouley will serve as the licensed professional who will oversee authorship of and sign the Engineer’s Report.

Based on our knowledge and understanding of the City’s Districts and the Standard Services outlined herein under Scope of Work, Harris & Associates will provide the FY 2026-27 and 2027-28 annual administration services for the following lump sum fees:

Attendance at meetings as described in the Scope of Work and indirect expenses (such as mileage, duplicating and postage) are included in the lump sum fee.

Compensation for any extended services, such as the Prop 218 process, will be authorized for a mutually agreed upon fee in accordance with the consultants’ schedule of hourly rates current at the time of providing the services.

Invoices for these services will be submitted monthly for services provided in the previous month and shall be paid within 30 days of receipt in accordance with a mutually agreeable contract.

EXHIBIT “B”

FIRST AMENDMENT TO

LETTER AGREEMENT FOR PROFESSIONAL SERVICES

COMPENSATION
New not to exceed amount adjusted from $34,940 (original letter agreement) to $71,970. 22 Executive Park, Suite 200, Irvine, CA 92614  p: 949.655.3900  f: 949.655.3995  WeAreHarris.com June 20, 2025
Ms. Sharon Del Rosario
Finance Director
City of Stanton
7800 Katella Avenue
Stanton, CA 90680
Re: Proposal for Professional Services for the Annual Administration of Lighting and Landscaping District No. 1, Protective Services Tax Roll and Sewer User Fee for Fiscal Years 2026-27 and 2027-28
Dear Sharon,
Harris & Associates looks forward to continuing our relationship with the City of Stanton (the “City”) and is pleased to provide the following proposal for the annual administration of the City’s Lighting and Landscaping District No. 1, the Protective Services Tax Roll, and the Sewer User Fee. This proposal includes our scope of work for the annual administration of the districts, a project schedule, our project team, and the proposed fees. As your partner, our team offers the following advantages:

Familiarity with the City. Harris has been providing annual administrative and support services to the City for over 16 years. We value this relationship and will continue to utilize our knowledge and experience to provide the City with quality service.

Experience. Our team has consistently demonstrated its ability to respond to the needs of our clients.

Our MDF team has decades of experience having assisted agencies throughout California and Nevada on a variety of public finance projects. This has included the formation and administrating Community Facilities Districts, Assessment Districts, and Development Impact Fee Programs. Our Project Manager, Diana Sheng, has over 17 years of public finance, district administration, and financial analysis experience.

Communication. We pride ourselves on client communication. We provide regular updates and work with clients to address potential issues as early as they are identified. We understand the importance of completing tasks in a timely manner and communicating with City staff regularly regarding any project issues. When working on projects of this nature, we know that our ability to perform and deliver information reflects directly on City staff. Our team understands the importance of meeting our commitments and communicating regularly and openly with City staff. We also know that staff is pulled in many different directions and understand the need to utilize your time wisely. We will work with you to determine the best method of communication and decision-making processes.

SCOPE OF WORK
A. Lighting and Landscaping District No. 1
Annual District Administration Services. Provisions of the Landscaping and Lighting Act of 1972 will be used in completing the work. This scope of work is based on the assumption that there will be no increases in assessment rates as defined by Article XIIID of the California Constitution (Prop. 218) and the Prop 218 Omnibus Implementation Act.

Ms. Sharon Del Rosario
City of Stanton
June 20, 2025

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Stanton City CouncilJuly 8, 2025

Stanton City Council
July 8, 2025