Notice and Call
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 September 8, 2026, 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: September 3, 2026
s/ Patricia A. Vazquez, City Clerk / Secretary
NOTICE AND CALL
CITY COUNCIL
SUCCESSOR AGENCY
HOUSING AUTHORITY
SPECIAL MEETING
Stanton City Council Agenda Prepared by the Office of the City Clerk September 8, 2026
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: 873 7200 1494 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/87372001494?pwd=SfVurK07YQyJGMK9B6Ufcte88k2C5Q.1
ANY MEMBER OF THE PUBLIC WISHING TO PROVIDE PUBLIC COMMENT FOR ANY ITEM ON THE AGENDA MAY DO SO AS FOLLOWS:
MEETING PARTICIPATION AND PUBLIC COMMENT OPTIONS: Each speaker has 3 minutes.
IN-PERSON: Attend in person and complete and submit a request to speak card to the City Clerk. • Translation services, disability-related accommodations, and assisted listening devices are available to participate in this meeting. Please contact the City Clerk's Office at (714) 890-4245 at least 48 hours in advance of the meeting so the City can make the necessary arrangements to assure accessibility to this meeting.
ZOOM: Closed captioning and translation services are available. • Zoom Virtual Participation (MEETING ID: 873 7200 1494) To request to speak, click the “Raise Hand” button when the Mayor opens public comment. Wait for City staff to call on you before speaking. You may choose to share your name and city of residence.
• Zoom Conference Call (+1 669-444-9171 / MEETING ID: 873 7200 1494) To request to speak, dial *9 on your phone after the Mayor opens public comment. When prompted press *6 to unmute your line and begin speaking. You may choose to share your name and city of residence.
E-MAIL: [email protected]
• Public comments may be submitted by e-mail. Please submit comments with the subject line “PUBLIC COMMENT ITEM #” (insert the item number relevant to your comment). Comments received no later than 4:30 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].
AGENDA
SPECIAL AND JOINT REGULAR MEETING
CITY COUNCIL
SUCCESSOR AGENCY
HOUSING AUTHORITY
TUESDAY, SEPTEMBER 8, 2026
CLOSED SESSION - 5:30 P.M.
JOINT REGULAR SESSION - 6:30 P.M.
STANTON CITY HALL, 7800 KATELLA AVENUE, STANTON, CA
Stanton City Council Agenda Prepared by the Office of the City Clerk September 8, 2026
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 Torres
Council / Agency / Authority Member Warren
Mayor Pro Tem / Vice Chairman Taylor
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. CONFERENCE WITH LEGAL COUNSEL-EXISTING LITIGATION
Pursuant to Government Code section 54956.9(d)(1)
Number of cases: 1
Case Name: Tina-Pacific Residents Association et al. v. City of Stanton et al.
Case Number: G065384, CA Court of Appeal, Fourth Appellate District, Division Three Stanton City Council Agenda Prepared by the Office of the City Clerk September 8, 2026
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 Torres
Council / Agency / Authority Member Warren
Mayor Pro Tem / Vice Chairman Taylor
Mayor / Chairman Shawver
7. PLEDGE OF ALLEGIANCE
8. SPECIAL PRESENTATIONS AND AWARDS
A. Presentation of proclamation declaring the month of September 2026 as Hunger Action 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.
9B. APPROVAL OF WARRANTS
City Council approve demand warrants dated August 1, 2026 – August 26, 2026, in the amount of $2,987,644.81.
Stanton City Council Agenda Prepared by the Office of the City Clerk September 8, 2026
9C. APPROVAL OF MINUTES
1. City Council/Successor Agency/Housing Authority approve Minutes of Special and Joint Regular Meeting August 11, 2026; and
2. City Council/Successor Agency/Housing Authority approve Minutes of Special Meeting August 18, 2026.
9D. JUNE 2026 PRELIMINARY INVESTMENT REPORT
The Investment Report as of June 30, 2026, has been prepared in accordance with the City’s Investment Policy and California Government Code Section 53646. The Report should be deemed preliminary as final year-end audit adjustments may be pending.
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 June 2026. 9E. JUNE 2026 PRELIMINARY INVESTMENT REPORT (SUCCESSOR AGENCY) The Investment Report as of June 30, 2026, has been prepared in accordance with the City’s Investment Policy and California Government Code Section 53646. The Report should be deemed preliminary as final year-end audit adjustments may be pending.
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 June 2026.
Stanton City Council Agenda Prepared by the Office of the City Clerk September 8, 2026
9F. RENEWAL OF THE LICENSE AGREEMENT WITH SOUTHERN CALIFORNIA EDISON
FOR CONTINUED USE OF THE BIKE PATH AND HIKING TRAIL NORTH OF LOLA AVENUE
The existing License Agreement for the bike path and hiking trail located north of Lola Avenue (Assessor’s Parcel Number 126-332-02) is set to expire on November 30, 2026, and the City would like to renew the License Agreement between Southern California Edison (SCE) and the City of Stanton for its continued use. Renewal of the Agreement will have a term of five (5) years from December 1, 2026, to November 30, 2031. The City will pay Southern California Edison a sum of Six Hundred Ninety-Four dollars and two cents ($694.02) upon the execution of the agreement.
RECOMMENDED ACTION:
1. City Council declare this action to be categorically exempt under the California Environmental Quality Act, 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; and
2. Approve the Southern California Edison License Agreement No. 9.4612 to continue use of the bike path and hiking trail east of Assessor’s Parcel Number 126-332-02 and north of Lola Avenue for a five-year term of December 1, 2026 to November 30, 2031, and allow the City Attorney to make minor edits as necessary prior to the execution of the Amendment; and
3. Authorize the City Manager to execute the License Agreement with Southern California Edison.
9G. APPROVAL OF FIRST AMENDMENT TO CONSTRUCTION CONTRACT WITH INTEGRATED DEMOLITION AND REMEDIATION, INC. FOR THE 8941 PACIFIC AVENUE DEMOLITION AND ABATEMENT PROJECT PURSUANT TO THE CITY’S
HOMELESSNESS STATE OF EMERGENCY AND IN THE INTEREST OF PUBLIC
HEALTH, SAFETY, AND WELFARE
At its meeting of June 9, 2026, the City Council awarded a construction contract to Integrated Demolition and Remediation, Inc. for the 8941 Pacific Avenue Demolition and Abatement Project (Attachment). Pursuant to the City’s Homelessness State of Emergency and in the interest of public health, safety, and welfare, and in her capacity as the City’s Director of Emergency Services, the City Manager is requesting approval of an amendment to the construction contract to increase the budget.
RECOMMENDED ACTION:
1. City Council declare the work proposed under this amendment to be categorically exempt under the California Environmental Quality Act (CEQA), Class 1, Section 15301(l)(3); and
Stanton City Council Agenda Prepared by the Office of the City Clerk September 8, 2026
2. Approve an additional allocation of $37,000 from the Housing Authority Fund (#285) Fund Balance to Housing Authority Capital Outlay for an amended total budget of $112,000; and
3. Authorize the City Manager/Director of Emergency Services to approve contract change orders with Integrated Demolition and Remediation, Inc., as needed and determined by City staff, for any contingencies up to 15% of the contract amount. 9H. AWARD OF CONSTRUCTION CONTRACT FOR THE FY 26/27 CITYWIDE SIDEWALK REPAIR PROJECT (TASK CODE NO. 2027-103)
Based on the post-bid analysis of the bids received, staff have determined CJ Concrete Construction, Inc. to be the lowest responsive and responsible bidder, submitting a bid for the project in the amount of $42,300. At this time, staff is recommending awarding the construction contract to CJ Concrete Construction, Inc. for the FY 26/27 Citywide Sidewalk Repair Project.
RECOMMENDED ACTION:
1. City Council find that this project is exempt from the California Environmental Quality Act (“CEQA”), Class 1, and Section 15301(c) as repair, maintenance, and minor alteration of existing streets, sidewalks, gutters, and similar facilities; and
2. Deem the bid presented by MJ Jurado, Inc. as non-responsive; and
3. Award a construction contract for the FY 26/27 Citywide Sidewalk Repair Project to CJ Concrete Construction, Inc. for the total bid amount of $42,300 and reject all other bids; and
4. Authorize the City Manager to bind the City of Stanton and CJ Concrete Construction, Inc. in a contract for the construction; and
5. Authorize the City Manager to approve contract change orders, not to exceed $32,700 for the FY 26/27 Citywide Sidewalk Repair Project.
9I. AWARD OF CONSTRUCTION CONTRACT FOR THE FY 25/26 SEWER REHABILITATION PROJECT (TASK CODE NO. 2026-301)
Based on the post-bid analysis of the bids received, staff has determined the bid submitted by PALP, Inc. dba Excel Paving Company (Excel Paving) to be the lowest responsible and responsive total bid at $1,034,420.00. At this time, staff is recommending awarding the construction contract to Excel Paving for the FY 25/26 Sewer Rehabilitation Project.
Stanton City Council Agenda Prepared by the Office of the City Clerk September 8, 2026
RECOMMENDED ACTION:
1. City Council declare this project to be exempt under the California Environmental Quality Act (“CEQA”), Class 1, Section 15301(b) as maintenance, repair and minor alteration of existing publicly owned sewer utilities and Class 1, Section 15301(c) as repair, maintenance, and minor alteration of existing streets, sidewalks, gutters, and similar facilities; and
2. Award a construction contract for the FY 25/26 Sewer Rehabilitation Project to PALP, Inc. dba Excel Paving Company for the total bid amount of $1,034,420.00 and reject all other bids; and
3. Authorize the City Manager to bind the City of Stanton and PALP, Inc. dba Excel Paving Company in a contract for the construction; and
4. Authorize the City Manager to approve contract change orders, not to exceed $103,500 for the FY 25/26 Sewer Rehabilitation Project.
END OF CONSENT CALENDAR
10. PUBLIC HEARINGS
10A. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF STANTON, CALIFORNIA,
AMENDING THE DEVELOPMENT AGREEMENT BETWEEN THE CITY OF STANTON AND STANTON 2.0 LLC RELATED TO THE PAYMENT OF PUBLIC BENEFITS AND DEVELOPMENT IMPACT FEES FOR THE “CLOUD HOUSE” DEVELOPMENT AT 12331-12435 BEACH BOULEVARD
The City entered into a Development Agreement (DA) in conjunction with the development of a 321-unit apartment building known as “Cloud House.” A First Amendment of the DA was later entered into so that a payment plan and interest schedule could be memorialized for payment of all developer impact fees. The developer was following the agreed upon payment plan but recently experienced an unexpected financial impact as a result of the GKN evacuation incident and state laws regarding landlord responsibilities for evacuated tenants. As a result, the developer requested a temporary pause of payments to provide financial relief. The Planning Commission reviewed this request and unanimously adopted Resolution No. 2591 to recommend approval of Ordinance 1175 for a second amendment of the Development Agreement.
RECOMMENDED ACTION:
1. City Council find that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Sections 15060(c)(2), 15061(b)(3), and 15378(b)(5) 15061(b)(3); and
2. City Council conduct the first reading of Ordinance No. 1175, entitled:
Stanton City Council Agenda Prepared by the Office of the City Clerk September 8, 2026
“AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF STANTON,
CALIFORNIA, AMENDING THE DEVELOPMENT AGREEMENT
BETWEEN THE CITY OF STANTON AND STANTON 2.0 LLC FOR
CERTAIN REAL PROPERTY LOCATED AT 12331-12435 BEACH
BOULEVARD WITHIN THE CITY OF STANTON PURSUANT TO
CALIFORNIA GOVERNMENT CODE SECTION 65864 ET SEQ. AND
MAKING CEQA FINDINGS IN CONNECTION THEREWITH”; and
3. Set September 22, 2026, as the date for second reading of Ordinance No. 1175.
11. UNFINISHED BUSINESS None.
12. NEW BUSINESS
12A. ORANGEWOOD COMPLETE STREETS PROJECT UPDATE AND REVIEW OF
CONCEPTUAL PLANS
The City Council will review the final conceptual plans for the Orangewood Complete Streets Project. The goals of the Orangewood Complete Streets Project are to implement traffic-calming measures, improve safety, add bike lanes, and enhance ADA accessibility.
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 conceptual plan for the Orangewood Complete Streets Project.
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.
Stanton City Council Agenda Prepared by the Office of the City Clerk September 8, 2026
• 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.
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 September, 2026. s/ Patricia A. Vazquez, City Clerk/Secretary
PROCLAMATION
HUNGER ACTION MONTH SEPTEMBER, 2026
WHEREAS, hunger and poverty are issues of vital concern in California, where approximately 22% of California households and 27% of households with children experience food insecurity; and WHEREAS, everyone needs nutritious food to thrive, and people are working hard to provide for themselves and their families—yet over 387,000 individuals, including over 112,000 children – that’s 1 in 6 children, here in Orange County are food insecure; and
WHEREAS, the City of Stanton is committed to taking steps to combat hunger in every part of our community and to provide additional resources that those in the City of Stanton need; and WHEREAS, the City of Stanton is committed to working with the Orange County Hunger Alliance, in educating people about the role and importance of food banks and food care in addressing hunger and raising awareness of the need to devote more resources and attention to hunger issues; and WHEREAS, in 2025, Orange County Food Bank and Second Harvest Food Bank collectively recorded an average of 808,473 individual food distribution visits per month from our community members facing food insecurity and distributed 72,837,548 pounds of food through their partner networks of food pantries at senior centers, schools, colleges, universities, houses of worship, soup kitchens, shelters, and other community organizations; and WHEREAS, Abound Food Care helps to facilitate the recovery of over 25 million pounds of excess edible food in Orange County each year, reducing food waste and diverting that food to those who need it; and WHEREAS, 2-1-1 Orange County received 15,563 calls from Orange County residents seeking food assistance and were connected by 37,962 referrals to food pantries in the past year; and WHEREAS, Meals on Wheels Orange County prepared and delivered 1,272,026 meals in 2025, providing older adults and vulnerable neighbors with vital nutrition, compassionate support, and services promoting health, independence, and dignity; and
WHEREAS, the month of September has been designated “HUNGER ACTION MONTH” in order to bring attention to food insecurity in our communities and to enlist the public in the movement to end hunger by taking action including volunteering, donating, and advocating to ensure every community, and everybody in it, has the food they need to thrive; and
WHEREAS, food banks and other organizations across the country, including the members of the Orange County Hunger Alliance, will host numerous events throughout the month of September to bring awareness and help end food insecurity in our local community; 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 September, 2026 to be HUNGER ACTION MONTH throughout the City of Stanton, and in doing so encourage the citizens of this community to join with me to take part in creating change for the future in raising public awareness and education about the role and importance of food banks, food care, and the need to devote more resources and attention to hunger issues in every part of our community.
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 SEPTEMBER, 2026.
David J. Shawver
Mayor, City of Stanton
Item: 8A
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August 1, 2026 - August 26, 2026
Payments to Vendors:
Electronic Draft Payments EFT (1) 1,663,624.83
Bank Drafts Payments 320,458.63
Check Payments 140458-140579 839,060.89
Voided Payments 139685, 138815, 140369 (4) -
Total Payments to Vendors $ 2,823,144.35
Direct Deposit Payments (3):
Payroll dated August 13, 2026 164,500.46
Total Direct Deposit Payments $ 164,500.46
TOTAL PAYMENTS $ 2,987,644.81
Notes:
1 EFTs 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 "EFT". 2 EFT Bank Drafts are auto-payments scheduled by the vendor as a monthly draft from the City's bank account mainly setup for utility payments. A specific transaction number is not assigned 3 Represents the total net payroll paid through direct deposit on pay date. 4 Checks 139685, 138815, 140369 voided.
Demands listed on the attached
registers are accurate and funds
are available for payment thereof.
Finance Director
Budget as approved by the City Council.
City Manager Acting Accounting Manager
conform to the City of Stanton Annual
CITY OF STANTON
WARRANT REGISTER
EFT - Bank Drafts (2)
Demands listed on the attached registers
1 Item: 9B
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Check
Date Check Number Check Amount Vendor Bill Number Bill Memo Total Bill Amount (Sum) BD_EDD_080326 $77.50 EDD Q2 2026 EDD Quarter 2 2026 EDD Taxes Due $77.50 88279-071026 FY 25/26 Water services for 11100 Cedar for June 26 $615.58 50973-071026 FY 25/26 Water service for 8741 Lola Irr for June 26 $3,485.76 63873-071026 FY 25/26 Water service for 7139 Katella Irr for June 26 $397.83 88873-071026 FY 25/26 Water service for 11632 Beach Irr for June 26 $205.92 68873-071026 FY 25/26 Water service for 11894 Beach Irr for June 26 $501.01 59873-071026 FY 25/26 Water service for 10686 Beach Irr for June 26 $176.98 28426-071026 FY 25/26 Water services for 10660 Western Irr for June 26 $4,539.47 09414-071026 FY 25/26 Water services for 10660 Western FP for June 26 $56.68 30107-071026 FY 25/26 Water services for 11100 Cedar FP for June 26 $37.62 85873-071026 FY 25/26 Water services for 7800 Katella Irr for June 26 $1,333.34 27873-071026 FY 25/26 Water service for 12776 Beach Irr for June 26 $252.21 47873-071026 FY 25/26 Water service for 12640 Beach Irr for June 26 $125.70 57873-071026 FY 25/26 Water service for 12372 Beach Irr for June 26 $159.63 65873-071026 FY 25/26 Water service for 7730 Katella Irr for June 26 $397.84 78873-071026 FY 25/26 Water service for 11746 Beach Irr for June 26 $211.71 93873-071026 FY 25/26 Water service for 7322 Katella Irr for June 26 $316.82 95873-071026 FY 25/26 Water service for 7800 Katella Irr for June 26 $3,324.77 98873-071026 FY 25/26 Water service for 11432 Beach Irr for June 26 $73.05 60472-071026 FY 25/26 Water services for 10660 Western for June 26 $2,255.78 75873-071026 FY 25/26 Water services for 7800 Katella FP for June 26 $54.00 258730-071026 FY 25/26 Water service for 10181 Beach Irr for June 26 $165.42 34873-071026 FY 25/26 Water service for 7544 Katella Irr for June 26 $316.82 14128-080526 Water service for 8180 Cerritos Irr for July 26 $167.56 26873-071026 FY 25/26 Water services for 7910 Katella Irr for June 26 $217.49 56873-071026 FY 25/26 Water service for 11251 Beach Irr for June 26 $159.63 18873-071026 FY 25/26 Water service for 8312 Briarwood Irr for June 26 $875.83 35873-071026 FY 25/26 Water service for 10231 Beach Irr for June 26 $176.98 46873-071026 FY 25/26 Water service for 11151 Beach Irr for June 26 $1,300.99 49873-071026 FY 25/26 Water service for 10832 Beach Irr for June 26 $114.10 69873-071026 FY 25/26 Water service for 10560 Beach Irr for June 26 $159.63 $60,861.97 26BW14:6/28/2026-7/11/2026 August 2026 CalPERS Health Ins. (2/2) $31,855.86 $0.00 26BW13:6/14/2026-6/27/2026 August 2026 CalPERS Health Ins. (1/2) $29,006.11 BD_IRS_080426 $27,818.17 INTERNAL REVENUE SERVICE 26BW15:7/12/2026-7/25/2026 Tax Withholding PPE 07/25/2026 $27,818.17 $110.05 93632-072226 Electricity for 11820 Santa Paula for July 26 $27.25 $0.00 03668-7/22/26 Electricity for 7635 and 7699 Chapman for July 26 $82.80 JE2708000037 $38,600.78 US Bank (July CalCard) JE2708000037 US Bank (July CalCard) $38,600.78 $383.55 26BW14:6/28/2026-7/11/2026 July 2026 AFLAC (2/2) $191.77 $0.00 26BW13:6/14/2026-6/27/2026 July 2026 AFLAC (1/2) $191.78 BD_EDD_080526 $9,771.19 EDD 26BW15:7/12/2026-7/25/2026 Tax Withholding PPE 07/25/2026 $9,771.19 BD_GSW_080526 $291.28 GOLDEN STATE WATER COMPANY 26970-071426 Water Svc/HA/Tina Pacific/JUN-2026 - FY 25/26 $291.28 78802-072426 Electricity for City Hall and FRC for July 26 $14,776.69 49235-072426 Electricity for Sheriff for July 26 $4,362.72 8/6/2026 140458 $390.00 AIR REVOLUTION HEATING & COOLING 725 Repairs to mini split at City hall $390.00 140459 $329.31 ALFREDO VENEGAS Permit #2026-196 C&D Deposit for Bldg Permit 2026-196 $329.31 140460 $465.58 AMERICAN SOCIETY OF COMPOSERS 500580124 City of Stanton, Ca (500580124 ) $465.58 140461 $219.72 AT&T 25569619 FY 25/26- Calnet for Cerritos Intercon Jun 26 $187.58 25589790 Calnet services for Cerritos/Magnolia for July 26 $32.14 140462 $103.00 BRIANNA MORENO 109457698 Deposit Refund $103.00 140463 $112.00 BRYCE HAINES BH71626 Instructor payment for Summer 2026 season, classes through $112.00 140464 $9,000.00 CAL STAR MOBILE HOME CONSTRUCTION INC 071326 CDBG Sr. Housing Rehabilitation Grant- Brown Residence $9,000.00 140465 $895.00 CALI PRO FENCE 1119 Work on gate at city hall parking structure $895.00 140466 $468.00 CALIFORNIA BUILDING STANDARDS COMMISSI BSASRF FEE - 4/1/26 - 6/30/26 BSASRF FEE - 4/1/26 - 6/30/26 $319.50 BSASRF FEE - 1/1/26 - 3/31/26 BSASRF FEE - 1/1/26 - 3/31/26 $148.50 140467 $6,095.17 CALIFORNIA DEPARTMENT OF TRANSPORTATIOSL261106 FY 25/26 Signal and Lighting billing for Beach Blvd for Apr 26- $6,095.17 140468 $42,978.92 CITYTECH SOLUTIONS INC 1113 CityTech/Permits Pro/Code Pro 3/1/26 - 6/30/26 - FY 25/26 $14,326.31 1113A CityTech/Permits Pro/Code Pro 7/1/26 - 2/28/27 - FY 26/27 $28,652.61 140469 $7,408.69 CIVICPLUS, LLC 376252 Recreation Management Software 8/10/26 - 8/9/27 $7,408.69 140470 $3,081.23 COUNTY OF ORANGE-SSA CONTRACT SERVICE FRC FY2025-26 Agreement #MA-063-25010752 $3,081.23 140471 $103.00 CRYSTAL SANCHEZ 109111720 Deposit Refund $103.00 140472 $17,815.75 CSG CONSULTANTS, INC. 67025 In House Bldg Svcs June 2026 $17,815.75 140473 $30.99 CYPRESS ENGRAVING 74038 Invoice 74038 (Stanton, City of) $30.99 140474 $2,405.71 DEPARTMENT OF CONSERVATION SMIP Fee - Q1: 1/1/26 - 3/31/26 SMIP Fee - Q1: 1/1/26 - 3/31/26 $525.24 SMIP Fee - Q2: 4/1/26 - 6/30/26 SMIP Fee - Q2: 4/1/26 - 6/30/26 $1,880.47 140475 $6,791.07 EXECUTIVE FACILITIES SERVICES, INC 37963 Janitorial service for City Facilities-July 26 $6,791.07 140476 $100.00 FALCK MOBILE HEALTH CORP SC-136940 Ambulance Service/Svc Date: 03/12/26 - FY 25/26 $100.00 140477 $10,000.00 FIT FIRST LLC 000594 Payment for week 3 of Stanton Summer Camp running July 13 $5,000.00 000592 Payment for week 2 of Stanton Summer Camp running July 13 $5,000.00 140478 $155.51 FUSION CONNECT, INC. 1029559372 LAN Lines/SCP 7/20/26 - 8/19/26 $155.51 140479 $8,241.50 GMU GEOTECHNICAL, INC Invoice 14157.1 Work done in June 25/26 for Geotechnical Services for Task co $5,541.50 14158 Work done in June 25/26 for Geotechnical Services for Task co $2,700.00 140480 $347.91 GOLDENWEST LAWNMOWERS 508553 Supplies for alley clean up $52.13 509414 Diesel cans $245.86
508554 Supplies for alley and street clean up $49.92
140481 $579.06 GRAINGER, INC. 9016864572 Supplies for facilities repairs $4.85 9015644348 Supplies for facilities repairs $81.94
9000844754 Lightbulbs $211.19
9022254537 Supplies for facilities repairs $4.85
9008654858 Supplies for City repairs $28.84
9016864580 Supplies to repair City Hall Community Service Restroom $247.39 140482 $640.50 GUSTAVO GUTIERREZ Permit #2026-195 C&D Deposit for Bldg Permit 2026-195 $640.50 140483 $498.00 HILL'S BROS LOCK & SAFE INC 95567 Fix Double doors w/panic bar on Civic Center $129.00 95445 Services push bar on door in Park & Rec $369.00
140484 $975.00 HOA V NGUYEN Permit #2025-263 C&D Deposit for Bldg Permit 2025-263 $975.00 140485 $103.00 HUNG NGUYEN 104374584 Deposit Refund $103.00 140486 $114.00 HUNTINGTON BEACH GENERAL BUILDING Permit #2026-214 C&D Deposit for Bldg Permit 2026-214 $114.00 140487 $5,100.00 IVY NGUYEN Permit #2023-650 C&D Deposit for Bldg Permit 2023-650 $5,100.00
AFLAC-FLEX ONE
BD_SCE_080526 $19,139.41 SO CAL EDISON
8/5/2026 BD_AFL_080526
Warrant Report Detail
City of Stanton
August 01, 2026 - August 26,2026
8/3/2026
BD_GSW_080326 $22,176.15 GOLDEN STATE WATER COMPANY
BD_CALPERSHB_080426 CA ST PERS-HEALTH BENEFIT
BD_SCE_080426 SO CAL EDISON
8/4/2026
2 Check
Date Check Number Check Amount Vendor Bill Number Bill Memo Total Bill Amount (Sum) Warrant Report Detail
City of Stanton
August 01, 2026 - August 26,2026
140488 $32.00 JESUS LUNA MORALES PC #11007021 Partial refund parking citation #11007021 $32.00 140489 $9,216.75 JOHN L. HUNTER & ASSOCIATES, INC. STA1FOG12606 FOG services Jun 26 $994.00 STA1MS412606 NPDES services for Jun 26 $8,222.75
140490 $900.00 KYUNGSEOK AN Permit #2025-515 C&D Deposit for Bldg Permit 2025-515 $900.00 140491 $1,032.50 LAW OFFICES OF HARPER & BURNS, LLP 413 Invoice 413 Stanton, City of $1,032.50 140492 $275.00 LIFE CHRISTIAN CHURCH OF ORANGE COUNTY91430691 Life Christian Church/8/3/25/Banquet Hall/Rfd $275.00 140493 $50.00 LISA CORL 05/29/2026 05/29/2026 Stanton, City of (Notary Fee) $50.00 140494 $1,033.61 LONG BEACH BMW MOTORCYCLES 57418 Electrical repairs 2019 BMW R 1250 RTP $1,033.61 140495 $3,600.00 MAD SCIENCE 2313 Payment for week 4 of Stanton Summer Camp running July 20 $3,600.00 140496 $7,988.40 MAIN STREET SIGNS 51167 Park Signs PO# 26000033 $7,988.40 140497 $543.75 MANERI TRAFFIC CONTROL INC 25984 Traffic signs $543.75 140498 $2,374.28 MARK'S OLD TOWNE SERVICE, INC. 250654 Fix hydraulic hoses on tractor $2,374.28 140499 $187.91 MINUTEMAN PRESS 48224 Printing job/Inspection books $187.91 140500 $103.00 NANCY JOHNSON 108188440 Deposit Refund $103.00 140501 $103.00 NATALIE ACOSTA 106542929 Deposit Refund $103.00 140502 $103.00 NICK HERNANDEZ 105097083 Deposit Refund $103.00 140503 $1,986.00 OC HEALTH CARE ENV HEALTH IN2825483 Non Disposal Site fee for FY 26/27 $672.00 IN2846400 APSA charges for City Yard $322.00
IN2846044 CUPA and Hazard Waste fee for City Yard $427.00 IN2846943 Haz Mat Disclosure for City Yard $565.00
140504 $34,394.95 OC SANITATION DISTRICT OC Sanitation District - May 2026 Orange County Sanitation District Fees - May 2026 $1,286.59 OC Sanitation District - March 2026 Orange County Sanitation District Fees - March 2026 $2,892.01 OC Sanitation District - June 2026 Orange County Sanitation District Fees - June 2026 $30,216.35 102481934A NetSuite Qrtly Subscriptions FY 26/27 $5,625.97 102481934 NetSuite Qrtly Subscriptions FY 25/26 $12,658.43 102627417 Implementation of Oracle NSG- 42.5 hours 06/23/26-07/23/26 $1,552.09 102627417A Implementation of Oracle NSG- 42.5 hours 06/23/26-07/23/26 $4,584.08 140506 $400.00 ORANGE COAST PLUMBING, HEATING & AIR 478339 Fix plumbing at Dotson Park $400.00 140507 $2,995.00 PACIFIC ENVIRONMENTAL COMPANY 9553 Asbestos and Lead Inspection Services for the Stanton Commu $2,995.00 140508 $5,430.00 RANGER ROOFING AND SOLAR Permit #2026-199 C&D Deposit for Bldg Permit 2026-199 $5,430.00 140509 $9,690.35 RKA CONSULTING GROUP 37233 Task Code No. 2026-301 Design (June, 2026) $9,690.35 140510 $147.62 S C SIGNS & SUPPLIES LLC 271393 Traffic Paint $147.62 140511 $1,300.00 SANTA ANA RIVER FLOOD FY2026-27 SARFPA Dues/D. Torres/FY 26-27 $1,300.00 140512 $16,588.25 SCA OF CA, LLC CA0944751 Street Sweeping Services for July 26 $16,588.25 140513 $583.73 SCAQMD 4758442 ICE Em Elec General Disel fee for City Hall for Fy 26/27 $583.73 6500058692 Annual fees for Fire and Intrusion systems at City Yard & City $1,973.46 6500049093 Annual fees for Fire and Intrusion systems at FRC for 7/26-9/2 $509.25 Progress Payment 1 June 25/26: Construction for FY 24/25 Citywide Street resurfa $253,162.65 PO26000029: Progress Payment 2 PO26000029: July FY 26/27: Construction for FY 24/25 Citywi $146,643.90 140516 $750.00 SERVICE HERO 10253012 Work on pipe at Dotson Park $750.00 140517 $2,100.00 SON HOANG Permit #2025-253 C&D Deposit for Bldg Permit 2025-253 $2,100.00 140518 $25.00 SOUTHLAND AUTOMOTIVE WORKS 38746 Repair flat on 2019 Honda Clarity $25.00 140519 $1,120.60 SPECTRUM SPECIALTIES & AWARDS 38809 Public Safety Uniforms/Boots - FY 25/26 $1,120.60 140520 $3,478.45 STAPLES BUSINESS CREDIT 7010362897 Office Supplies/JUN-2026 - FY 25/26 $3,478.45 140521 $103.00 SUONG VU 106670014 Deposit Refund $103.00 140522 $675.00 TENNIS FACTORY 002 Payment for week 3 of Stanton Summer Camp running July 13 $675.00 140523 $5,550.00 TIMM VU Permit #2024-344 C&D Deposit for Bldg Permit 2024-344 $5,550.00 140524 $310.00 TINA KHONG 105378194 Deposit Refund $310.00 140525 $4,819.00 TRAUMA INTERVENTION PROGRAM 6404 TIP OC Emerg. Resp. Prog./Agency User Fee 7/1/26 - 6/30/27 $4,819.00 140526 $195.00 TRULY NOLEN OF AMERICA INC 712154257 Pest Control for July 26 $195.00 140527 $3,600.00 TYLER NGUYEN Permit #2025-075 C&D Deposit for Bldg Permit 2025-075 $3,600.00 140528 $94.37 ULINE 210954125 Mask $94.37
140529 $4,535.92 UNITED STATES POSTAL SERVICE 73026 Stanton Express Brochure Fall/Winter 2026 $4,535.92 140530 $9,164.00 VASQUEZ CONSTRUCTION AND REMODELING 1045 CDBG Sr. Housing Rehabilitation Grant - Nieto Residence $9,164.00 6148752489 Mobile/Data Plans/Hotspots 6/17/26 - 6/30/26 - FY 25/26 $828.05 6148752489A Mobile/Data Plans/Hotspots 7/1/26 - 7/16/26 - FY 26/27 $946.34 140532 $14,990.00 VIATRON SYSTEMS INC. PJ9897-01 PJ9897-01 (Stanton, City of) $14,990.00 140533 $178.50 VICTOR CANDAL VC71626 Instructor payment for Summer 2026 season, classes through $178.50 140534 $188.07 VISTA PAINT CORP 2026-481102-00 Graffiti Supplies $188.07 140535 $122.00 WAGEWORKS, INC INV9249637 Monthly Compliance and Admin Fees (Jul) $122.00 90010699 STL Maintenance June '26 $758.40
90010698 TS Maintenance June '26 $1,138.50
5610008840 TS Call Outs June '26 $203.00
90010700 Pole Knockdown 7522 Katella Ave $7,625.00
90010701 Pole KD 11521 Santa Rosalia $13,995.00
90010212 TS Maintenance April '26 $1,138.50
140537 $4,200.00 YVONNE TRUONG Permit #2025-425 C&D Deposit for Bldg Permit 2025-425 $4,200.00 BD_MIS_080626 $3,015.04 MISSIONSQUARE 26BW15:7/12/2026-7/25/2026 Roth IRA/457 Def Comp PPE 07/25/2026 $3,015.04 26BW13:6/14/2026-6/27/2026 2592099997 $3,370.28
26BW14:6/28/2026-7/11/2026 2592099997 $3,428.57
810050 Fence rental for Magnolia and Tina Way for July/Aug $603.27 805446 Fence rental for Magnolia and Tina Way for late June/July 26 $603.27 806359 Fence rental for 8970 Pacific for July 26 $231.21 810851 Rental of fence at 8970 Pacific for Aug 26 $231.21 00000108/11 $669.00 THOMSON INC 111359422 Repairs to FRC HVAC $669.00 00000108/12 $600.00 VAN RY MAINTENANCE 10217 Floor Cleaning Services- July $600.00 26BW13:6/14/2026-6/27/2026 1210076545 $280.58
26BW14:6/28/2026-7/11/2026 1210076545 $280.51
00000108/14 $254.80 WEST GROVE VOLLEYBALL, LLC WG5426 Instructor payment for Summer 2026 season, classes through $254.80 1068301 Svcs. Rendered 6/2026 (Inv. 1068301) $12,191.30 1068297 Svcs. Rendered 6/2026 (Inv. 1068297) $544.00
1068298 Svcs. Rendered 6/2026 (Inv. 1068298) $5,306.50
1068295 Svcs. Rendered 6/2026 (Inv. 1068295) $17,084.00 1068300 Svcs. Rendered 6/2026 (Inv. 1068300) $13,524.00 1068302 Svcs. Rendered 6/2026 (Inv. 1068302) $204.00
1068299 Svcs. Rendered 6/2026 (Inv. 1068299) $2,516.00
00000108/3 $20,000.00 CLAIMS CALIFORNIA JOINT POWERS INSURANC 8/3/2026 GL Replenishment Request for July Checks $20,000.00 8/7/2026 00000108/1 $6,798.85 BENEFIT COORDINATORS CORPORATION 00000108/10 $1,668.96 SO CAL INDUSTRIES
00000108/13 $561.09 VISION SERVICE PLAN - (CA)
00000108/2 $51,369.80 BEST BEST AND KRIEGER LLP
140505 $24,420.57 ORACLE AMERICA, INC.
SECURITAS TECHNOLOGY CORPORATION
SEQUEL CONTRACTORS INC
VERIZON WIRELESS
YUNEX LLC
140514 $2,482.71
140515 $399,806.55
140531 $1,774.39
140536 $24,858.40
3 Check
Date Check Number Check Amount Vendor Bill Number Bill Memo Total Bill Amount (Sum) Warrant Report Detail
City of Stanton
August 01, 2026 - August 26,2026
00000108/4 $10,569.00 INFINITY TECHNOLOGIES 5773 Managed IT/Spanning O365 Cloud Backup Svcs/Proofpoint/JUN $10,569.00 00000108/5 $1,107.30 MAGIC JUMP RENTALS ORANGE COUNTY 137511 Rental equipment for NNO $1,107.30 STTM004389 STTM004389 (800Mhz 06/2026 ST1) $4,018.09
SH 74755 SH 74755 (OCSD Contract Svcs. Aug. 26) $1,332,487.09 00000108/7 $2,633.93 PINNACLE PETROLEUM INC 0418884 Fuel for City Yard $2,633.93 00000108/8 $1,262.02 PUBLIC AGENCY RISK SHARING AUTHORITY OF 26BW15:7/12/2026-7/25/2026 Def Comp PPE 07/25/2026 $1,262.02 00000108/9 $2,500.00 SKYHAWKS SPORTS ACADEMY LLC 66696 Payment for week 4 of Stanton Summer Camp running July 20 $2,500.00 58156-072826 Electricity for 10671 Western for July 26 $95.25 97824-072726 Electricity for City Medians for July 26 $157.16 BD_CALPERS_081126 $32,279.63 CA ST PERS 103 26BW15:7/12/2026-7/25/2026 - No Bill Memo - $32,279.63 BD_SCE_081126 $1,318.17 SO CAL EDISON 60954-072926 Electricity for City traffic Signals for July 26 $1,318.17 BD_EDD_081426 $10,050.38 EDD 26BW16:7/26/2026-8/8/2026 Tax Withholding PPE 08/08/2026 $10,050.38 BD_IRS_081426 $28,426.47 INTERNAL REVENUE SERVICE 26BW16:7/26/2026-8/8/2026 Tax Withholding PPE 08/08/2026 $28,426.47 BD_MIS_081426 $3,015.45 MISSIONSQUARE 26BW16:7/26/2026-8/8/2026 Roth IRA/457 Def Comp PPE 08/08/2026 $3,015.45 00000110/1 $1,317.00 PUBLIC AGENCY RISK SHARING AUTHORITY OF 26BW16:7/26/2026-8/8/2026 Def Comp PPE 08/08/2026 $1,317.00 44111-080326 Electricity for City Owned streetlights for July 2026 $5,438.48 78692-080326 Electricity for City Owned streetlights for July 2026 $1,144.53 15253-080326 Electricity for SCP for July 2026 $6,511.22 78069-080326 Electricity for 7172 Kermore for July 2026 $20.10 12746-080326 Electricity for Parks for July 2026 $738.43 86342-080326 Electricity for Utility Owned streetlights for July 2026 $5,153.33 BD_SCE_081826 $82.59 SO CAL EDISON 58362-080526 Electricity for 10341 Dale Ped for July 26 $82.59 BD_SCG_081826 $155.03 SOCAL GAS 82007-072826 Gas service for City Hall for July 26 $155.03 72455-080726 Electricity for 8100 Pacific for July 26 $4,383.88 29190-080626 Electric Svcs/HA/Tina Pacific 7/8/26 - 8/5/26 $93.97 64994-080626 Electricity for 10970 Chestnut for July 26 $31.72 8/20/2026 140538 $103.00 WENDY RIVERA 102374887 Deposit Refund $103.00 140539 $309.00 ALEXIS GARCIA 111872518 Deposit Refund $309.00 140540 $58.00 ALTA LANGUAGE SERVICES, INC IS854536 Listening and Speaking Test (x1) $58.00 140541 $832.26 AMERICAN RENTALS, INC 062526 Rental equipment for State of the City on 6/25 $832.26 140542 $63.93 AT&T 25618475 Calnet service for Cerritos/Knott for July 26 $31.79 25618163 Calnet service for Cerritos and Dale for July 26 $32.14 140543 $250.00 BEST TINT 8053 Window Tint/Toyota Tacoma LP#1741861 - FY 25/26 $250.00 140544 $221.72 BLUETRITON BRANDS INC 06G8710320775 Breakroom Water Delivery Svc 6/19/26 - 6/30/26 - FY 25/26 $100.38 06G8710320775A Breakroom Water Delivery Svc 7/1/26 - 7/18/26 - FY 26/27 $121.34 140545 $3,686.40 CPACINC.COM SI - 1303275 NCE Microsoft O365 Extra File Storage $3,686.40 140546 $57.49 CSG FORTE PAYMENTS, INC. 3060017 Tax for new card readers FY 25/26 $57.49 140547 $103.00 DAIZY BECERRA 105281035 Deposit Refund $103.00 140548 $8.99 DORIS LYON 62026 Reimbursement for Mandated Reporter Training Certificate FY $8.99 140549 $3,100.00 DSYL 12057 Stanton Express Community Brochure - Design $3,100.00 140550 $1,032.80 ENGINEERING RESOURCES OF SOUTHERN CALI 62867 Western Ave Resurfacing Project Design June '26 $1,032.80 140551 $2,575.00 FERNWOOD MOBILE HOME PARK 85 Monthly rental of land next to Stanton Central Park Aug 26 $2,575.00 140552 $5,000.00 FIT FIRST LLC 000593 Payment for week 6 of Stanton Summer Camp running July Au $5,000.00 140553 $66.17 FRONTIER 21308-080126 Frame relay services for Aug. 26 $66.17 140554 $20.65 GOLDENWEST LAWNMOWERS 510523 Chain for chainsaw $20.65 140555 $11,293.63 GOVERNMENTJOBS.COM INC. INV-162276 Recruitment Software 8/27/26 - 8/26/27 $11,293.63 140556 $250.00 HERA LYNN #01 Family Night Out - Entertainment on 8/21 $250.00 140557 $265.35 HILL'S BROS LOCK & SAFE INC 95753 FY 25/26 Duplicate keys $265.35 140558 $4,480.00 JBX IT & SURVEILLANCE INC Stanton0-071726 Network Cabling & Installation/City Hall $4,480.00 140559 $8.99 JORGE HERMOSILLO 062026 Reimbursement for Mandated Reporter Training Certificate FY $8.99 140560 $10,017.90 KREUZER CONSULTING GROUP 26-112 PO26000031: Design for Task Code 2026-101 (July '26) $10,017.90 140561 $1,514.12 LANGUAGE LINE SERVICES, INC 12004625 Translation Services (July) $125.40 11977810 Translation Services (June) $1,388.72
140562 $3,600.00 MAD SCIENCE 2314 Payment for week 2 of Stanton Summer Camp running AUG 3- $3,600.00 140563 $952.00 MARK'S OLD TOWNE SERVICE, INC. 250781 Replaced o ring seal on hydro fluid leak on tractor $952.00 140564 $103.00 MIGUEL GUTIERREZ 107865123 Deposit Refund $103.00 140565 $1,080.00 ONWARD ENGINEERING 8836 OT Inspection for SCE June '26 $1,080.00 140566 $25,200.00 ORANGE COUNTY CONSERVATION CORPS 07072026-2523 Community Cleanup Project funded by Caltrans-June 26 $25,200.00 140567 $3,395.00 PACIFIC ENVIRONMENTAL COMPANY 9574 8941 Pacific Avenue Lead Paint and Asbestos Survey $3,395.00 140568 $1,160.00 PBK ARCHITECTS INC 20 Professional Services June '26- Norm Ross Sports Park $1,160.00 140569 $2,156.00 PETRA GEOSCIENCES INC 119929 Geotechnical Services (Design) for Task Code 2027-102 (July '2 $2,156.00 140570 $135.00 PYRO-COMM SYSTEMS INC. 75736 Quarterly Fire Alarm services for Sheriff $135.00 140571 $11,581.35 SAPPHOS ENVIRONMENTAL INC 2999001-01 Deducted from PO PO27000022 $11,581.35 140572 $176.41 SCAQMD 4759553 Flat fee for City Hall for Fy 26/27 $176.41 38811 REPLACE DRIVER DOOR ROD CLIP on 2008 Ford Truck E350 $192.73 38849 Flat tire repair -2021 Toyota Rav4 1608077/CA $25.00 7010723018 Office Supplies/JUL-2026 - FY 25/26 $1,202.53 7010723018A Office Supplies/JUL-2026 - FY 26/27 $1,204.93 140575 $48.00 SYN-TECH SYSTEMS INC 334144 Troubleshoot the fuel pump computer system at the Public Wo $48.00 140576 $675.00 TENNIS FACTORY 003 Payment for week 5 of Stanton Summer Camp running July 27 $675.00 30469 Troubleshoot the Fuel Transfer Pump from the Main Diesel Tan $395.00 30404 Generator repairs at yard $1,367.06
49115 Parking Citation Processing/JUN-2026 - FY 25/26 $1,490.68 49116 Admin Citation Processing/JUN-2026 - FY 25/26 $1,328.67 2026-497849-00 Graffiti supplies-gloves $29.61
2026-491309-00 Graffiti supplies-gloves and paint $96.27 BD_CALPERS_082026 $32,035.50 CA ST PERS 103 26BW16:7/26/2026-8/8/2026 - No Bill Memo - $32,035.50 BD_GSW_082026 $1,004.69 GOLDEN STATE WATER COMPANY 86346-072926 Water services for HYD #2942 at 8100 Pacific for Jul 26 $1,004.69 BD_SCG_082026 $43.40 SOCAL GAS 53641-073026 Gas service for City Yard for July 26 $43.40 00000112/1 $447.78 ABSOLUTE SECURITY INTERNATIONAL INC 2020114757 July - Security Services for Banquet Hall $447.78 00000112/10 $1,500.00 HASA INC. 1146030 Splash pad maintenance-July 26 $1,500.00 STCS004229 STCS004229 / 800Mhz 1st Quarter ST0 $11,621.21 SH 74730 SH 74730 (AFIS July 2026) $1,349.00
00000112/12 $9,737.29 PINNACLE PETROLEUM INC 0418883 Gasoline for City Yard vehicles $9,737.29 00000112/13 $517.15 PSI 58902 Graffiti remover and hose parts $517.15 00000112/14 $193.95 SO CAL INDUSTRIES 814035 Removal of fence at 8970 Pacific Ave $193.95 00000112/15 $107.25 UNDERGROUND SERVICE ALERT 720260734 New Ticket Charges July '26 $107.25 140578 $2,819.35 TURBO DATA SYSTEMS INC
$125.88 VISTA PAINT CORP
8/21/2026
00000112/11 $12,970.21 OC TREASURER-TAX COLLECTOR (EFT) 140579
8/17/2026 BD_SCE_081726 $19,006.09 SO CAL EDISON
8/18/2026
8/19/2026 BD_SCE_081926 $4,509.57 SO CAL EDISON
140573 $217.73 SOUTHLAND AUTOMOTIVE WORKS
140574 $2,407.46 STAPLES BUSINESS CREDIT
140577 $1,762.06 TOTAL POWER SOLUTIONS LLC
8/10/2026 BD_SCE_081026 $252.41 SO CAL EDISON
8/11/2026
8/14/2026
00000108/6 $1,336,505.18 OC TREASURER-TAX COLLECTOR (EFT) 4 Check
Date Check Number Check Amount Vendor Bill Number Bill Memo Total Bill Amount (Sum) Warrant Report Detail
City of Stanton
August 01, 2026 - August 26,2026
00000112/2 $2,878.20 ALL CITY MANAGEMENT SVCS, INC. PS-INV107261 Crossing Guard Services for FY 26/27-Summer school July 26 $2,878.20 00000112/3 $551.79 ATHENS ADMINISTRATORS Request 44 Trust Account Replenishment $551.79 00000112/4 $198.00 BACKSTREET SURVEILLANCE 77770 Monthly Cellular Data Service for Trailers 8/8/26 - 9/7/26 $198.00 00000112/5 $5,000.00 BEGINNERS EDGE SPORTS TRAINING, LLC 2211 Payment for week 5 of Stanton Summer Camp running July 27 $5,000.00 00000112/6 $12,918.24 BEST BEST AND KRIEGER LLP 1068296 Code Enforcement Fees thru 6/30/2026 - FY 25/26 $12,918.24 00000112/7 $2,500.00 BI DAN YU BID81026 Payment for week 5 of Stanton Summer Camp running July 27 $2,500.00 434 Animal Control & Shelter Svcs 1st Qtr - FY 25/26 $56,284.04 532 Animal Control & Shelter Svcs 3rd Qtr - FY 25/26 $59,098.25 477 Animal Control & Shelter Svcs 2nd Qtr - FY 25/26 $59,098.25 00000112/9 $1,807.50 HARTZOG & CRABILL INC 26-0333 ON-Cal Traffic Services for July 26 $1,807.50 8/24/2026 BD_SCE_082426 $429.82 SO CAL EDISON 11235-081026 Electricity for Dotson Park for July 26 $429.82 BD_GSW_082526 $444.12 GOLDEN STATE WATER COMPANY 69352-080326 Water Service for 11822 Santa Paula Irr for July 26 $444.12 BD_GSW_082526A $216.14 GOLDEN STATE WATER COMPANY 26211-080326 Water Service for Village Center & beach Irr for July 26 $216.14 BD_GSW_082526B $286.92 GOLDEN STATE WATER COMPANY 40657-080326 Water Service for 8181 Chapman Irr for July 26 $286.92 45970-080426 Water Svc/HA/8891 Pacific/JUL-2026 $468.67 46996-080426 Water Svc/HA/8951 Pacific/JUL-2026 $335.06 17960-080426 Water Svc/HA/8890 Tina/JUL-2026 $268.26
97284-080426 Water Svc/HA/8920 Tina/JUL-2026 $420.08
73992-080426 Water Svc/HA/8900 Tina/JUL-2026 $365.42
63566-080426 Water service for 10350 Fern Irr for July 26 $2,364.75 72239-080426 Water Svc/HA/8910 Tina/JUL-2026 $420.08
BD_SCE_082626 $14.84 SO CAL EDISON 76801-081426 Electricity for 11401 Court for July 26 $14.84 Grand Total $2,823,144.35 $2,823,144.35
8/25/2026
8/26/2026 BD_GSW_082626 $4,642.32 GOLDEN STATE WATER COMPANY 00000112/8 $174,480.54 CITY OF WESTMINSTER
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MINUTES OF THE CITY COUNCIL / SUCCESSOR AGENCY / HOUSING AUTHORITY
OF THE CITY OF STANTON
SPECIAL AND JOINT REGULAR MEETING AUGUST 11, 2026
1. CALL TO ORDER / CLOSED SESSION
The City Council / Successor Agency / Housing Authority meeting was called to order at 5:02 p.m. by Mayor / Chairman Shawver.
2. ROLL CALL
Present: Council/Agency/Authority Member Barrios, Council/Agency/Authority Member Torres, Council/Agency/Authority Member Warren, Mayor Pro Tem/Vice Chairman Taylor, 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 5:03 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 Attorney
4C. CONFERENCE WITH LEGAL COUNSEL-EXISTING LITIGATION
Pursuant to Government Code section 54956.9(d)(1)
Number of cases: 1
Case Name: Tina-Pacific Residents Association et al. v. City of Stanton et al.
Case Number: G065384, CA Court of Appeal, Fourth Appellate District, Division Three
Item: 9C
Click here to return to the agenda.
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5. CALL TO ORDER / SUCCESSOR AGENCY / STANTON HOUSING AUTHORITY
MEETING
The City Council / Successor Agency / Housing Authority reconvened in open session at 6:35 p.m.
6. ROLL CALL
Present: Council/Agency/Authority Member Barrios, Council/Agency/Authority Member Torres, Council/Agency/Authority Member Warren, Mayor Pro Tem/Vice Chairman Taylor, and Mayor/Chairman Shawver.
Absent: None.
Excused: None.
7. PLEDGE OF ALLEGIANCE
Led by Council Member Donald Torres.
The City Attorney / Agency Counsel reported that the City Council / Successor Agency / Housing Authority met in closed session from 5:02 to 6:35 p.m.
The City Attorney / Agency Counsel reported that there was no reportable action.
8. SPECIAL PRESENTATIONS AND AWARDS
Ms. Hannah Shin-Heydorn, City Manager, presented an update on the City’s homeless outreach activities.
9. CONSENT CALENDAR
Public Comment:
• Mr. Joe Hill, business owner, Share My Coach, spoke in favor of item 9G and reported that he is willing to donate $10,000 to assist in getting the project to completion.
• Mr. Resident, inquired about homelessness within the City.
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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 July 1, 2026 – July 31, 2026, in the amount of $5,972,962.10.
9C. APPROVAL OF MINUTES
The City Council/Successor Agency/Housing Authority approved Minutes of Special and Joint Regular Meeting July 14, 2026.
9D. 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.
1. The City Council declared the recommended actions 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. Received and filed the Qualified Contractors List.
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9E. RESPONSE TO THE 2025-2026 ORANGE COUNTY GRAND JURY REPORT DATED MAY 27, 2026, ENTITLED, “CALIFORNIA HOUSING MANDATES, THE UNINTENDED RESHAPING OF ORANGE COUNTY NEIGHBORHOODS”
On May 27, 2026, the Orange County Grand Jury released a report entitled “California Housing Mandates, The Unintended Reshaping of Orange County Neighborhoods” (Attachment A). This report examines how California's Housing Mandates operate in practice within Orange County, evaluating both their intended objectives and their unintended consequences for cities, neighborhoods, and local governance. It assesses the feasibility, effectiveness, and equity of current state housing policies, identifies areas where state requirements intersect with local capacity, infrastructure, funding, and community needs, and analyzes how recent legislative changes have affected the balance between state authority and local decision-making. The report also proposes a strategic framework for strengthening Orange County's influence within the Southern California Association of Governments (SCAG) through a more effective role for the Orange County Council of Governments (OCCOG) as the region enters the next housing planning cycle.
California Penal Code Sections 933 and 933.05 require any public agency that the Grand Jury reviews respond to the findings and recommendations of the Grand Jury Report. The City’s proposed response letter responds to each of the applicable findings and recommendations (Attachment B).
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 or governments that will not result in direct or indirect physical changes in the environment); and
2. Authorized the Mayor to sign the response letter to the Orange County Grand Jury related to the findings and recommendations contained in the May 27, 2026, report entitled “California Housing Mandates, The Unintended Reshaping of Orange County Neighborhoods”.
9F. ACCEPTANCE OF THE STANTON CENTRAL PARK TENNIS COURT
RENOVATION PROJECT BY THE CITY COUNCIL OF THE CITY OF STANTON,
CALIFORNIA
The Stanton Central Park Tennis Court Renovation Project consisting of resurfacing, restriping, lighting improvements, and installation of site furnishings at the tennis courts and installation of additional lights around the playground area at Stanton Central Park has been completed. The final construction cost for the project was $389,165.00, above the contract award amount. The City Engineer, in his judgment, certifies that the work was satisfactorily completed as of July 14, 2026, and recommends that the City Council accept the completed work performed on this project.
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1. The City Council finds 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. Accepted the completed improvements for the Stanton Central Park Tennis Court Renovation Project as certified by the City Engineer, and established July 14, 2026, as the official date of completion; and
3. Approved the final construction contract amount of $389,165.00 with A2Z Construct, Inc.; and
4. Directed the City Clerk within ten (10) days from the date of acceptance to file the Notice of Completion with the County Clerk-Recorder of the County of Orange; and
5. Directed City staff, after thirty-five (35) days has elapsed from the filing of the “Notice of Completion” with the County Clerk-Recorder, to make the retention payment to A2Z Construct, Inc. in the amount of $19,458.25; and
6. Directed the City Manager to submit the 2026 Grant Accountability Form to the United States Tennis Association (USTA) for reimbursement of the Grant 25CA32148 in the amount of $20,000.
9G. APPROVAL OF THE LICENSE AGREEMENT BETWEEN THE CITY OF
STANTON AND THE ORANGE COUNTY TRANSPORTATION AUTHORITY
(OCTA) FOR OCTA RAILROAD RIGHT OF WAY
The City Engineer recommends that the City Council approve the License Agreement with the Orange County Transportation Authority in order to improve Monroe Avenue (approximately 150’ east of the centerline of Rose Street to Flower Avenue). Executing the License Agreement would allow the City to install concrete infrastructure (curb & gutters, sidewalks, and drive approach) and restore the asphalt pavement for a comprehensive rehabilitation / restoration of this section of Monroe Avenue. Additionally, the operator of the “ShareMyCoach” facility north of the project location, has agreed to donate $10,000 to the City to help fund the improvements on Monroe Avenue.
1. The City Council declared the recommended actions are exempt from CEQA per Section 15378(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 License Agreement with the Orange County Transportation Authority and allowed the City Attorney to make minor edits as necessary prior to the execution of the Amendment; and
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3. Authorized the City Manager to execute the License Agreement with the Orange County Transportation Authority; and
4. Approved a budget adjustment to increase the project budget by $10,000 for a total of $2,060,000 offset by a donation in the same amount of $10,000 accounted for in the donation account within the General Fund (Account No. 101-0000-437125) as additional funding for the FY 25/26 Citywide Street Resurfacing Project (Task Code No. 2026-101). The additional funding will be transferred to the CIP fund (305) upon receipt.
9H. 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.
1. The City Council declared 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. Received and filed the report.
9I. CONTINUANCE OF THE PROCLAMATION OF THE EXISTENCE OF A LOCAL
EMERGENCY REGARDING THE WESTERN HAZMAT INCIDENT
At its meeting of May 26, 2026, the City Council adopted a resolution proclaiming the existence of a local emergency regarding the Western Hazmat Incident. Based on the ongoing response to the Western Hazmat Incident and its effects on the City of Stanton, the City Council's proclamation of a local emergency will remain in effect until it is no longer needed.
1. The City Council declared 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. Received and filed the report.
END OF CONSENT CALENDAR
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10. PUBLIC HEARINGS
10A. CONDUCT A PUBLIC HEARING AND CONSIDER ADOPTION OF RESOLUTION NO. 2026-33, “A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
STANTON, CALIFORNIA, APPROVING THE MAXIMUM PERMITTED SERVICE CHARGES FOR SOLID WASTE COLLECTION SERVICES”
The City of Stanton has an exclusive franchise with CR&R, Inc. (“CR&R”) for the collection, disposal, recycling, and processing of solid waste within the City. CR&R is proposing to increase the rates it charges for the collection and handling of solid waste within the City in order to account for the increased cost of complying with certain new organic waste mandates. The attached Resolution would, if approved and adopted by the City Council, implement these rate increases (proposed as 3.5% for single family residential customers and 8.3% for commercial customers). Out of an abundance of caution, and without conceding the applicability of Proposition 218 (Prop. 218) to solid waste rate changes, a notice was mailed for a public hearing set for this evening’s regular meeting of the City Council to discuss the proposed solid waste rate increases called for by the first amendment to the CR&R franchise agreement.
Staff report by Mr. Cesar Rangel, Public Works Director / City Engineer.
The public hearing was opened.
In-Person:
• Mr. Dennis P., resident, spoke in opposition to the service charges, stating that the senior discount does not constitute an actual discount and that the proposed reduction in costs would result in an overall increase to the standard rate. • Mr. Quang, resident, suggested implementing a metered system that would allow residents to measure their own trash usage, stating that such a system would help prevent abuse.
• Mr. Jose L. Guerrero, resident, expressed concerns and frustrations regarding noise levels and increased odors generated by CR&R, as well as the proposed rates in relation to the amount of trash he disposes of.
Written Protest:
• Mr. Eric Phan, resident, spoke in opposition to the proposed increase service charges for solid waste collection services.
• Ms. Maria Morales & Ms. Valentin Iraneta, residents, spoke in opposition to the proposed increase service charges for solid waste collection services.
No one else appearing to speak, the public hearing was closed.
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Motion/Second: Shawver/Taylor
ROLL CALL VOTE: Council Member Barrios AYE
Council Member Torres AYE
Council Member Warren AYE
Mayor Pro Tem Taylor AYE
Mayor Shawver AYE
Motion unanimously carried.
1. The City Council conducted a public hearing to accept written protests and verbal comments against the increased solid waste fees, tracked the number of valid written protests; and
2. Closed the public hearing and requested for a tabulation of the protests that have been received by the City prior to the close of the public hearing; and
3. Declared that there is not a majority protest by property owners and/or tenants; and
4. Approved Resolution No. 2026-33, entitled:
“A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
STANTON, CALIFORNIA, APPROVING THE MAXIMUM
PERMITTED SERVICE CHARGES FOR SOLID WASTE
COLLECTION SERVICES.”
11. UNFINISHED BUSINESS
11A. APPROVAL OF ORDINANCE NO. 1171 - AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF STANTON, CALIFORNIA, AMENDING ARTICLE 3 (VACANT AND FORECLOSED PROPERTY REGISTRATION) OF CHAPTER 9.16 (PROPERTY MAINTENANCE, GENERAL) OF TITLE 9 (PEACE, SAFETY AND
MORALS) OF THE STANTON MUNICIPAL CODE, RELATED TO PROVIDING
ENFORCEMENT AND MONITORING OF VACANT AND FORECLOSED
PROPERTIES
This Ordinance was introduced at the regular City Council meeting of July 14, 2026.
Staff report by Ms. Patricia A. Vazquez, City Clerk.
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Motion/Second: Shawver/Torres
ROLL CALL VOTE: Council Member Barrios AYE
Council Member Torres AYE
Council Member Warren AYE
Mayor Pro Tem Taylor AYE
Mayor Shawver AYE
Motion unanimously carried.
1. The City Clerk read the title of Ordinance No. 1171, entitled:
“AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF STANTON, CALIFORNIA, AMENDING ARTICLE 3 (VACANT AND FORECLOSED
PROPERTY REGISTRATION) OF CHAPTER 9.16 (PROPERTY
MAINTENANCE, GENERAL) OF TITLE 9 (PEACE, SAFETY AND
MORALS) OF THE STANTON MUNICIPAL CODE, RELATED TO
PROVIDING ENFORCEMENT AND MONITORING OF VACANT AND
FORECLOSED PROPERTIES”; and
2. The City Council adopted Ordinance No. 1171.
11B. APPROVAL OF ORDINANCE NO. 1174 - AN ORDINANCE OF THE CITY
COUNCIL OF THE CITY OF STANTON, CALIFORNIA ESTABLISHING CHAPTER
20.250 AND AMENDING VARIOUS SECTIONS OF TITLE 20 OF THE STANTON
MUNICIPAL CODE ALLOWING GROUP HOMES FOR THE BENEFIT OF THE
DISABLED
This Ordinance was introduced at the regular City Council meeting of July 14, 2026.
Staff report by Ms. Patricia A. Vazquez, City Clerk.
Motion/Second: Barrios/Torres
ROLL CALL VOTE: Council Member Barrios AYE
Council Member Torres AYE
Council Member Warren AYE
Mayor Pro Tem Taylor AYE
Mayor Shawver AYE
Motion unanimously carried.
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1. The City Clerk read the title of Ordinance No. 1174, entitled:
“AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF STANTON, CALIFORNIA ESTABLISHING CHAPTER 20.250 AND AMENDING
VARIOUS SECTIONS OF TITLE 20 OF THE STANTON MUNICIPAL
CODE ALLOWING GROUP HOMES FOR THE BENEFIT OF THE
DISABLED”; and
2. The City Council adopted Ordinance No. 1174.
12. NEW BUSINESS None.
13. ORAL COMMUNICATIONS – PUBLIC None.
14. WRITTEN COMMUNICATIONS None.
15. MAYOR/CHAIRMAN/COUNCIL/AGENCY/AUTHORITY INITIATED BUSINESS 15A. COMMITTEE REPORTS/COUNCIL/AGENCY/AUTHORITY ANNOUNCEMENTS • Mayor Pro Tem Taylor reported that the Orange County Mosquito and Vector Control District (OCMVCD) reported that there have been confirmed mosquito samples testing positive for West Nile virus in Stanton, as well as several Orange County cities and stated that residents should take precautions. • Council Member Barrios reported on his attendance at the Garden Grove Unified School District renaming event of Rosita Elementary School to Frank and Irene Palomino Elementary School in honor of the family whose courage helped end school segregation in California, which was held on August 6, 2026. • Council Member Barrios reported on his attendance at the City's annual 2026 National Night Out event, which was held on August 7, 2026, at Stanton Central Park.
• Council Member Barrios reported on the success of his Back-to-School Backpack Giveaway event, which was held on August 8, 2026, at Stanton Central Park and expressed his gratitude to Mayor Shawver and Planning Vice Chair Thomas M. Frazier for their time and efforts in co-hosting a successful community event.
• Council Member Warren reported on his attendance at the Scouting America Troop 980 & Girl Scouts Troop 515 (Liên Đoàn Hướng Đạo Lạc Việt) Eagle Scout and Gold Awards Court of Honor event, which was held on August 8, 2026.
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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, invited the Stanton Community to join the City of Stanton as we celebrate the official groundbreaking of the future Norm Ross Sports Park on Saturday, August 15, 2026, at 10 AM at Stanton Park (11111 Cedar Avenue, Stanton 90680).
• Ms. Hannah Shin-Heydorn, City Manager and Members of the City Council, expressed their gratitude to outgoing Finance Director, Sharon del Rosario for her time as the City’s Finance Director and extended to her their appreciation and best wishes for continued success.
• Mayor Shawver reported on his attendance at the City's annual 2026 National Night Out event, which was held on August 7, 2026, at Stanton Central Park and expressed his gratitude to event supporters, the Orange County Sheriff’s Department, and the Orange County Fire Authority.
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.
Division Chief Matthew Schuetz provided the City Council with an update on their current operations.
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18. ADJOURNMENT Motion/Second: Shawver/
Motion carried at 7:16 p.m.
________________________________
MAYOR/CHAIRMAN
ATTEST:
________________________________
CITY CLERK/SECRETARY
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MINUTES OF THE CITY COUNCIL / SUCCESSOR AGENCY / HOUSING AUTHORITY OF
THE CITY OF STANTON
SPECIAL MEETING AUGUST 18, 2026
1. CALL TO ORDER
The City Council / Successor Agency / Housing Authority meeting was called to order at 5:07 p.m. by Mayor / Chairman Shawver.
2. PLEDGE OF ALLEGIANCE
Led by Mayor David J. Shawver.
3. ROLL CALL
Present: Council/Agency/Authority Member Barrios, Council/Agency/Authority Member Torres, and Mayor/Chairman Shawver.
Absent: Council/Agency/Authority Member Warren and Mayor Pro Tem/Vice Chairman Taylor.
Excused: None.
SPECIAL ORDERS OF THE DAY
4. NEW BUSINESS
4A. CONSIDERATION OF RESOLUTION APPOINTING NOMINEE TO THE OFFICE OF MAYOR AND CANCELLATION OF THE NOVEMBER 3, 2026, GENERAL MUNICIPAL
ELECTION FOR THE OFFICE OF MAYOR AS AUTHORIZED IN CALIFORNIA ELECTION CODE SECTION 10229 DUE TO NOT HAVING MORE CANDIDATES THAN
OFFICES TO BE ELECTED
The General Municipal Election will be held on Tuesday, November 3, 2026. Under the California Election Code Section 10229, if by the nomination filing deadline, the number of persons who have been nominated for those offices does not exceed the number to be filled at that election, then the City’s Election Official shall submit a Certificate of Facts to the governing body (City Council) of the City and request the governing body take action at a regular or special meeting held before the municipal election.
Staff report by Ms. Patricia A. Vazquez, City Clerk.
DRAFT
Special Meeting – August 18, 2026 - Page 2 of 4
THESE MINUTES ARE ISSUED FOR INFORMATION ONLY AND ARE SUBJECT TO
AMENDMENT AND APPROVAL AT NEXT MEETING
Motion/Second: Barrios/Torres
ROLL CALL VOTE: Council Member Barrios AYE
Council Member Torres AYE
Council Member Warren ABSENT
Mayor Pro Tem Taylor ABSENT
Mayor Shawver AYE
Motion unanimously carried.
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. Discussed the options provided under California Election Code Section 10229; and
3. Adopted Resolution No. 2026-34 appointing David John Shawver to the Office of Mayor, for a full term of four years and cancelling the November 3, 2026, General Municipal Election for the Office of Mayor, entitled:
“A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF STANTON,
CALIFORNIA, PROVIDING FOR THE APPOINTMENT TO THE OFFICE OF
MAYOR THAT WAS TO BE ELECTED AT THE GENERAL MUNICIPAL
ELECTION ON TUESDAY, NOVEMBER 3, 2026.”
5. CLOSED SESSION
Council / Agency / Authority Member Warren arrived at 5:14 p.m.
Mayor Pro Tem / Vice Chairman Taylor arrived at 5:14 p.m.
PUBLIC COMMENT ON CLOSED SESSION ITEMS None.
The members of the City Council / Successor Agency / Housing Authority of the City of Stanton proceeded to closed session at 5:15 p.m. for discussion regarding:
5A. CONFERENCE WITH LEGAL COUNSEL-EXISTING LITIGATION
Pursuant to Government Code section 54956.9(d)(1)
Number of cases: 1
Case Name: Tina-Pacific Residents Association et al. v. City of Stanton et al.
Case Number: G065384, CA Court of Appeal, Fourth Appellate District, Division Three 5B. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Pursuant to Government Code Section 54956.8)
DRAFT
Special Meeting – August 18, 2026 - Page 3 of 4
THESE MINUTES ARE ISSUED FOR INFORMATION ONLY AND ARE SUBJECT TO
AMENDMENT AND APPROVAL AT NEXT MEETING
Property: 8830 Tina Way, Anaheim, CA (APN 126-481-01)
8840 Tina Way, Anaheim, CA (APN 126-481-02)
8850 Tina Way, Anaheim, CA (APN 126-481-03)
8860 Tina Way, Anaheim, CA (APN 126-481-04)
8870 Tina Way, Anaheim, CA (APN 126-481-05)
8880 Tina Way, Anaheim, CA (APN 126-481-06)
8890 Tina Way, Anaheim, CA (APN 126-481-07)
8900 Tina Way, Anaheim, CA (APN 126-481-08)
8910 Tina Way, Anaheim, CA (APN 126-481-09)
8920 Tina Way, Anaheim, CA (APN 126-481-10)
8930 Tina Way, Anaheim, CA (APN 126-481-11)
8940 Tina Way, Anaheim, CA (APN 126-481-12)
8950 Tina Way, Anaheim, CA (APN 126-481-13)
8960 Tina Way, Anaheim, CA (APN 126-481-14)
8970 Tina Way, Anaheim, CA (APN 126-481-15)
8841 Pacific Avenue, Anaheim, CA (APN 126-481-29)
8851 Pacific Avenue, Anaheim, CA (APN 126-481-28)
8861 Pacific Avenue, Anaheim, CA (APN 126-481-27)
8870 Pacific Avenue, Anaheim, CA (APN 126-482-05)
8871 Pacific Avenue, Anaheim, CA (APN 126-481-26)
8880 Pacific Avenue, Anaheim, CA (APN 126-482-06)
8881 Pacific Avenue, Anaheim, CA (APN 126-481-25)
8890 Pacific Avenue, Anaheim, CA (APN 126-482-07)
8891 Pacific Avenue, Anaheim, CA (APN 126-481-24)
8900 Pacific Avenue, Anaheim, CA (APN 126-482-08)
8901 Pacific Avenue, Anaheim, CA (APN 126-481-23)
8910 Pacific Avenue, Anaheim, CA (APN 126-482-09)
8911 Pacific Avenue, Anaheim, CA (APN 126-481-22)
8920 Pacific Avenue, Anaheim, CA (APN 126-482-10)
8921 Pacific Avenue, Anaheim, CA (APN 126-481-21)
8930 Pacific Avenue, Anaheim, CA (APN 126-482-11)
8931 Pacific Avenue, Anaheim, CA (APN 126-481-20)
8940 Pacific Avenue, Anaheim, CA (APN 126-482-12)
8941 Pacific Avenue, Anaheim, CA (APN 126-481-19)
8950 Pacific Avenue, Anaheim, CA (APN 126-482-13)
8951 Pacific Avenue, Anaheim, CA (APN 126-481-18)
8960 Pacific Avenue, Anaheim, CA (APN 126-482-14)
8961 Pacific Avenue, Anaheim, CA (APN 126-481-17)
8970 Pacific Avenue, Anaheim, CA (APN 126-482-15)
8971 Pacific Avenue, Anaheim, CA (APN 126-481-16)
Agency Negotiator(s): Hannah Shin-Heydorn, City Manager, City of Stanton Hannah Shin-Heydorn, Executive Director, Housing Authority Hannah Shin-Heydorn, Executive Director, Successor Agency DRAFT
Special Meeting – August 18, 2026 - Page 4 of 4
THESE MINUTES ARE ISSUED FOR INFORMATION ONLY AND ARE SUBJECT TO
AMENDMENT AND APPROVAL AT NEXT MEETING
Negotiating Parties: City of Stanton and its authorized agents or representatives David M. Cook and Chaicran Daphnie, Owner
Jennie Trust, Owner
Nga Summer Thien Trang (Trang Trust), Owner
Ngoc Trieu and Andy Pham, Owner
Sky Nguyen / Nguyen Sky SN Living Trust, Owner
Steven W. Reiss Trust (Steven W. Reiss), Owner
Tammy T. Doan and H. Le Harvey, Owner
Trachy Family Trust (Phillip R. Trachy), Owner
Under Negotiation: Price and Terms of Payment.
CALL TO ORDER / SUCCESSOR AGENCY / STANTON HOUSING AUTHORITY
MEETING
The City Council / Successor Agency / Housing Authority reconvened in open session at 6:09 p.m.
ROLL CALL
Present: Council/Agency/Authority Member Barrios, Council/Agency/Authority Member Torres, Council/Agency/Authority Member Warren, Mayor Pro Tem/Vice Chairman Taylor, and Mayor/Chairman Shawver.
Absent: None.
Excused: None.
The City Attorney / Agency Counsel reported that the City Council / Successor Agency / Housing Authority met in closed session from 5:15 to 6:09 p.m.
The City Attorney / Agency Counsel reported that there was no reportable action.
6. ADJOURNMENT Motion/Second: Shawver/
Motion carried at 6:09 p.m.
_______________________________________
MAYOR
ATTEST:
_______________________________________
CITY CLERK
1 CITY OF STANTON
REPORT TO THE CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: September 8, 2026
SUBJECT: JUNE 2026 PRELIMINARY INVESTMENT REPORT
REPORT IN BRIEF:
The Investment Report as of June 30, 2026, has been prepared in accordance with the City’s Investment Policy and California Government Code Section 53646. The Report should be deemed preliminary as final year-end audit adjustments may be pending.
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 June 2026.
BACKGROUND:
The City’s total cash and investments, not including Successor Agency funds, totaled $85,182,888.24 at June 30, 2026. This does not include Successor Agency cash balances, which are detailed in an accompanying Investment Report. Changes in the City’s total cash and investment balances during the month of June are summarized below:
Between May 31, 2026, and June 30, 2026, the City’s total cash and investments increased by $1,979,932.33.
Item: 9D
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2 The City’s cash and investment balances by investment category are presented in Attachment A. Details of investments (shown by type) managed by Chandler Asset Management, LLC (“Chandler”) are presented in Attachment B.
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. 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 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 June 30, 2026, the market value of the City’s total investment portfolio was $76.8 million, of which $36.2 million (47%) was invested in the State Local Agency Investment Fund (LAIF) and $40.6 million (53%) was managed by Chandler. Detailed information regarding the securities contained in the City’s investment portfolio is provided in Attachment B. As of June 30, 2026, City investments consisted of the following:
The City’s investment portfolio is well-diversified with investments spread across varied security and investment fund categories as shown above. The weighted average maturity of the City’s total investment portfolio (including both Chandler and LAIF investments) is approximately 1.8 years, which is well within the guidelines of the City’s Investment Policy and prudent, given market conditions. The weighted average yield on the City’s investment portfolio of $76.8 million was 4.08% in June of 2026. 3 FISCAL IMPACT:
All deposits and investments have been made in compliance with the City's Fiscal Year 2025-26 Investment Policy. The portfolio will allow the City to meet its expenditure requirements for the next six months. Staff remain confident that the investment portfolio is currently positioned to remain secure and sufficiently liquid.
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).
LEGAL REVIEW:
None.
PUBLIC NOTIFICATION :
Through the normal agenda posting process.
STRATEGIC GOAL:
Goal 4. Ensure fiscal stability.
Prepared by: Rosa Palomino, Acting Accounting Manager
Reviewed by: Vivien Avella, Finance Director
Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENTS:
A. Cash and Investments by Fund
B. Investment Portfolio Detail
Fund/ Account
No. Fund/Account Name Beginning Balance Increases Decreases Ending Balance 101-various General Fund 41,387,211.09 4,071,246.83 (3,665,624.28) $ 41,792,833.64 102-111101 General Fund (Transactions & Use Tax) - - - - 103-111101 PCTA Administration (47,999.24) - (4,884.24) (52,883.48) 104-111101 Public Benefit Fees Fund 1,517,782.70 21,099.040 - 1,538,881.74 105-111101 Beautification Fees Fund 724,299.10 1,095.480 - 725,394.58 106-111101 Neighborhood Preservation Fees Fund 190,000.00 - - 190,000.00 107-111101 Cannabis Community Benefit Fees Fund 68,520.41 7,900.97 (4,703.72) 71,717.66 210-111101 Certified Access Specialists (CASP) Program Fund 88,005.18 - - 88,005.18 211-111101 Gas Tax Fund 3,009,231.59 284,347.28 (111,425.88) 3,182,152.99 215-111101 Road Maintenance and Rehabilitation Act (RMRA) Fund 2,213,524.01 237,355.04 (93,744.74) 2,357,134.31 220-111101 Measure M Fund 1,490,095.71 32,815.720 - 1,522,911.43 221-111101 Community Development Block Grant-CV (CDBG-CV) Fund - - - - 222-111101 Community Development Block Grant Fund (279,121.38) 506,250.000 - 227,128.62 224-111101 Lighting Maintenance 1919 Act Fund 2,788,581.82 795,808.20 (378,064.97) 3,206,325.05 225-111101 Lighting/Median Maintenance 1972 Act Fund 628,881.81 14,373.85 (17,794.39) 625,461.27 226-111101 Air Quality Improvement Fund 263,625.75 5,682.300 - 269,308.05 227-111101 Other Grants Fund (261,177.30) 13,588.38 (6,859.16) (254,448.08) 242-111101 Supplemental Law Enforcement Grant Fund 333,562.93 7,285.550 (31,800.00) 309,048.48 245-111101 Justice Assistance Grant (JAG) Grant Fund 1.52 - - 1.52 250-111101 Families and Communities Together (FaCT) Grant Fund (6,883.00) 27,040.31 (55,713.31) (35,556.00) 251-111101 Senior Transportation Fund 103,143.77 - (1,717.71) 101,426.06 301-111101 Street Impact Fees Fund - - - -
262-111101 Traffic Signal Impact Fee - - - -
263-111101 Community Center Impact Fees Fund - - - -
264-111101 Police Services Impact Fees Fund - - - -
271-111101 Public Safety Task Force Fund (City Funds) 13,092.09 - (8,485.32) 4,606.77 280-111101 Stanton Central Park Maintenance Fund - 2,000.00 (1,000.00) 1,000.00 285-various Stanton Housing Authority Fund 6,455,594.14 704,838.85 (904,773.53) 6,255,659.46 301-111101 Street Impact Fees Fund 336,796.35 10,396.75 - 347,193.10 302-111101 Traffic Signal Impact Fee 48,836.59 1,727.62 - 50,564.21 303-111101 Community Center Impact Fees Fund 352,415.89 10,024.70 - 362,440.59 304-111101 Police Services Impact Fees Fund 318,596.84 9,064.86 - 327,661.70 305-111101 Capital Projects Fund (109,858.30) - (199,099.16) (308,957.46) 310-111101 Park and Recreation Facilities Fund 4,323,443.16 113,102.02 - 4,436,545.18 501-111101 Sewer Maintenance Fund 9,734,261.09 352,585.34 (102,591.26) 9,984,255.17 502-111101 Sewer Capital Improvement Fund 16,213.51 365.750 - 16,579.26
CITY OF STANTON
CASH AND INVESTMENTS REPORT
MONTH ENDED JUNE 30, 2026
Attachment: A
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Fund/ Account
No. Fund/Account Name Beginning Balance Increases Decreases Ending Balance
CITY OF STANTON
CASH AND INVESTMENTS REPORT
MONTH ENDED JUNE 30, 2026
503-111101 Sewer Capacity Fee Fund 6,364.55 4,805.370 - 11,169.92 602-111101 Workers' Compensation Fund 807,931.67 18,162.99 (516.70) 825,577.96 603-111101 Liability Risk Management Fund (177,800.13) 201,493.00 (6,842.40) 16,850.47 604-111101 Employee Benefits Fund 347,550.09 136,495.81 (33,583.53) 450,462.37 605-111101 Fleet Maintenance Fund 570,994.54 7,567.54 (848.62) 577,713.46 801-111101 Developer Deposits Fund 58,655.15 7,000.00 (3,500.00) 62,155.15 Total Pooled Cash and Investments(1) $ 77,324,066.33 $ 7,605,519.55 $ (5,633,572.92) $ 79,296,012.96 Less: Investments(1) $ (74,741,875.79) $ (3,069,549.49) $ 1,018,116.44 $ (76,793,308.84) Cash - BMO Bank General Checking Account $ 2,582,190.54 $ 4,535,970.06 $ (4,615,456.48) $ 2,502,704.12
CASH-NON-POOLED
xxx-111103 Payroll Account $ - $ 416,505.81 $ (416,505.81) $ - 101-111109 Flexible Spending/AFLAC 11,920.80 240.000 (1,262.40) 10,898.40 101-111505 Petty Cash 600.00 - - 600.00
285-111403 Cash with Property Management Company (QMG) 35,974.27 6,142.98 (2,074.010) 40,043.24 604-111404 Cash with Fiscal Agent (Schwab) (2) 5,830,394.61 5,910.84 (971.81) 5,835,333.64 Total Cash-Non-Pooled $ 5,878,889.68 $ 428,799.63 $ (420,814.03) $ 5,886,875.28
INVESTMENTS
POOLED ALL FUNDS $ 74,741,875.79 $ 3,069,549.49 $ (1,018,116.44) $ 76,793,308.84 Total Investments (3) $ 74,741,875.79 $ 3,069,549.49 $ (1,018,116.44) $ 76,793,308.84 TOTAL CASH AND INVESTMENTS $ 83,202,956.01 $ 8,034,319.18 $ (6,054,386.95) $ 85,182,888.24 Notes:
(3) - Additional information regarding the City's investments is included in Attachment B. (1) - Pooled cash includes: City's checking and safekeeping accounts with BMO, Housing Authority's LAIF account, and City's investment portfolio account with Chandler Asset Management. The City's investment report does not include balances held by the Successor Agency. (2) - The Charles Schwab Trust Bank (Schwab) 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.
MONTHLY ACCOUNT STATEMENT
City of Stanton | Account #10991 | As of June 30, 2026
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
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CONFIDENTIAL | 2
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (12/01/22)
City of Stanton 0.07% 0.38% 0.65% 3.14% 4.67% 4.66% -- -- 4.30% Benchmark Return 0.06% 0.24% 0.43% 2.71% 4.37% 4.30% -- -- 3.89% Average Modified Duration 2.48
Average Coupon 3.97%
Average Purchase YTM 4.26%
Average Market YTM 4.31%
Average Credit Quality* AA
Average Final Maturity 2.87
Average Life 2.73
End Values as of
05/31/2026
End Values as of
06/30/2026
Market Value 40,618,657.64 40,644,664.33
Accrued Interest 363,487.96 362,355.67
Total Market Value 40,982,145.60 41,007,020.00
Income Earned 102,618.58 169,549.49
Cont/WD 0.00 0.00
Par 40,906,812.92 41,073,794.23
Book Value 40,428,174.72 40,576,354.94
Cost Value 40,428,174.72 40,576,354.94
United States 38.05%
Federal Home Loan Mortgage Corp 13.11%
Farm Credit System 6.80%
Federal Home Loan Banks 3.60%
Toyota Motor Corporation 1.93%
Bank of America Corporation 1.38%
WF Card Issuance Trust 1.32%
Eli Lilly and Company 1.24%
**Periods over 1 year are annualized.
Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index *The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.
CONFIDENTIAL | 3
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
AGENCY MORTGAGE SECURITIES
Max % (MV) 100.0 13.0 Compliant
Max % Issuer (MV) 25.0 13.0 Compliant
Max Maturity (Years) 5.0 4.3 Compliant
ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 6.4 Compliant
Max % Issuer (MV) 5.0 1.3 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 27.0 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
CONFIDENTIAL | 4
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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 11.3 Compliant
Max % Issuer (MV) 25.0 6.8 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 2 Compliant
LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant
MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.6 Compliant
Max % Issuer (MV) 20.0 0.6 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) 5 3 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
CONFIDENTIAL | 5
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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 2.7 Compliant
Max % Issuer (MV) 10.0 1.1 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 38.0 Compliant
Max Maturity (Years) 5 4 Compliant
CONFIDENTIAL | 6
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 40,428,174.72 38,749,318.46
Maturities/Calls 0.00 (675,000.00)
Principal Paydowns (63,307.55) (807,350.30)
Purchases 1,983,863.35 17,880,018.23
Sales (1,753,327.05) (14,838,695.37)
Change in Cash, Payables, Receivables (34,627.52) (68.00) Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 15,578.99 268,131.92
Ending Book Value 40,576,354.94 40,576,354.94
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 40,618,657.64 39,439,336.53
Maturities/Calls 0.00 (675,000.00)
Principal Paydowns (63,307.55) (807,350.30)
Purchases 1,983,863.35 17,880,018.23
Sales (1,753,327.05) (14,838,695.37)
Change in Cash, Payables, Receivables (34,627.52) (68.00) Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) (122,173.53) (621,708.68) Realized Gain (Loss) 15,578.99 268,131.92
Ending Market Value 40,644,664.33 40,644,664.33
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (675,000.00)
Principal Paydowns
Month to Date (63,307.55)
Fiscal Year to Date (807,350.30)
Purchases
Month to Date 1,983,863.35
Fiscal Year to Date 17,880,018.23
Sales
Month to Date (1,753,327.05)
Fiscal Year to Date (14,838,695.37)
Interest Received
Month to Date 168,462.64
Fiscal Year to Date 1,575,258.05
Purchased / Sold Interest
Month to Date 2,219.14
Fiscal Year to Date 24,756.69
CONFIDENTIAL | 7
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 46,985.24 05/17/20245.32%
46,979.74
46,979.74
100.35
4.20%
47,150.68
111.09
0.12%
170.93
Aaa/NA
AAA
1.55 0.30
44933XAD9 HART 2023-B A3 5.48
04/17/2028 122,605.45 07/11/20245.27%
123,261.58
123,261.58
100.34
4.20%
123,023.04
298.61
0.30%
(238.54)
NA/AAA
AAA
1.80 0.25
47787CAC7 JDOT 2023-C A3 5.48
05/15/2028 105,948.91 12/05/20235.08%
107,049.78
107,049.78
100.51
4.40%
106,493.70
258.04
0.26%
(556.09)
Aaa/NA
AAA
1.88 0.45
096912AD2 BMWLT 2025-1 A3 4.43
06/26/2028 100,000.00 06/03/20254.43%
99,997.80
99,997.80
100.13
4.31%
100,126.20
73.83 0.25%
128.40
NA/AAA
AAA
1.99 0.80
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 280,000.00 09/07/2023
5.23%
279,922.38
279,922.38
100.25
3.96%
280,705.32
642.13
0.69%
782.94
NA/AAA
AAA
2.21 0.20
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028 205,000.00 10/08/20253.97%
204,999.43
204,999.43
99.67 4.34%
204,333.34
135.64
0.50%
(666.09)
NA/AAA
AAA
2.24 0.97
448973AD9 HART 2024-A A3 4.99
02/15/2029 54,467.78 03/11/20245.00%
54,455.77
54,455.77
100.34
4.37%
54,654.61
120.80
0.13%
198.83
NA/AAA
AAA
2.63 0.51
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 74,502.73 06/04/20245.18%
74,491.41
74,491.41
100.51
4.33%
74,879.86
64.32 0.18%
388.45
Aaa/AAA
NA
2.66 0.56
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 52,450.16 06/11/2024
5.20%
52,439.91
52,439.91
100.64
4.40%
52,785.37
121.22
0.13%
345.47
Aaa/NA
AAA
2.71 0.74
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 110,000.00 04/16/20245.23%
109,977.45
109,977.45
100.82
4.20%
110,905.08
255.69
0.27%
927.63
NA/AAA
AAA
2.79 0.76
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 135,000.00 06/06/20244.93%
134,992.43
134,992.43
100.65
4.21%
135,871.43
295.80
0.33%
879.00
Aaa/AAA
NA
2.87 0.84
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 114,254.72 10/10/2024
4.40%
114,248.34
114,248.34
100.05
4.37%
114,316.30
223.43
0.28%
67.96 Aaa/AAA
NA
2.96 0.72
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 185,000.00 03/04/2025
4.23%
184,988.36
184,988.36
99.88 4.35%
184,770.79
347.80
0.45%
(217.58)
Aaa/NA
AAA
3.22 1.47
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
4.28%
210,126.42
400.40
0.52%
157.63
Aaa/AAA
NA
3.29 1.23
437921AD1 HAROT 252 A3 4.15 10/15/2029 125,000.00 04/29/2025
4.15%
124,986.04
124,986.04
99.78 4.38%
124,724.88
230.56
0.31%
(261.17)
Aaa/NA
AAA
3.29 1.14
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029 120,000.00 04/24/20254.34%
119,993.12
119,993.12
100.04
4.35%
120,043.20
231.47
0.30%
50.08 NA/AAA
AAA
3.38 1.20
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 110,000.00 01/13/20263.94%
109,978.19
109,978.19
99.21 4.40%
109,134.63
192.13
0.27%
(843.56)
Aaa/NA
AAA
3.54 1.78
CONFIDENTIAL | 8
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030 325,000.00 09/04/20253.84%
329,125.98
329,125.98
100.03
4.36%
325,100.75
626.89
0.80%
(4,025.23)
NA/AAA
AAA
3.87 1.76
89240QAD7 TAOT 2026-B A3 4.13
12/16/2030 150,000.00 04/14/20264.14%
149,968.37
149,968.37
99.42 4.46%
149,125.20
275.33
0.37%
(843.17)
Aaa/AAA
NA
4.46 1.97
Total ABS 2,626,214.99 4.52%
2,631,824.87
2,631,824.87
100.08
4.29%
2,628,270.78
4,905.19
6.47%
(3,554.09)
2.93 1.02
AGENCY
3135G0Q22 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 1.875 09/24/2026 350,000.00 09/14/20223.73% 325,881.50
325,881.50
99.53 3.91%
348,353.95
1,768.23
0.86%
22,472.45
Aa1/AA+
AA+
0.24 0.23
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
100.28
4.17%
451,266.30
2,306.25
1.11%
4,936.05
Aa1/AA+
AA+
0.89 0.86
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
100.14
4.11%
650,893.10
12,124.31
1.60%
1,094.60
Aa1/AA+
AA+
1.06 1.01
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 500,000.00 03/22/20234.04%
510,315.00
510,315.00
100.53
4.17%
502,654.50
6,937.50
1.24%
(7,660.50)
Aa1/AA+
AA+
1.70 1.59
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
99.50 4.16%
248,761.00
1,776.04
0.61%
(2,494.00)
Aa1/AA+
AA+
1.82 1.72
3130AWTR1 FEDERAL HOME LOAN BANKS
4.375 09/08/2028 300,000.00 09/13/20234.48%
298,555.11
298,555.11
100.40
4.18%
301,187.70
4,119.79
0.74%
2,632.59
Aa1/AA+
AA+
2.19 2.04
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
100.66
4.18%
503,314.50
6,187.50
1.24%
7,129.50
Aa1/AA+
AA+
2.23 2.07
3130AXQK7 FEDERAL HOME LOAN BANKS
4.75 12/08/2028 650,000.00 12/07/20234.18%
666,646.50
666,646.50
101.29
4.19%
658,388.90
1,972.57
1.62%
(8,257.60)
Aa1/AA+
AA+
2.44 2.28
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
100.50
4.18%
402,004.40
3,937.50
0.99%
3,936.40
Aa1/AA+
AA+
2.78 2.57
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 500,000.00 05/08/20244.55% 504,355.00
504,355.00
101.52
4.17%
507,624.50
4,024.31
1.25%
3,269.50
Aa1/AA+
AA+
2.83 2.61
Total Agency 4,550,000.00 4.32%
4,547,389.86
4,547,389.86
100.54
4.15%
4,574,448.85
45,153.99
11.25%
27,058.99
1.84 1.72
AGENCY CMBS
3137FAWS3 FHMS K-067 A2 3.194
07/25/2027 310,000.00 09/22/20224.28%
295,856.25
295,856.25
98.79 4.24%
306,255.20
825.12
0.75%
10,398.95
Aaa/AA+
AA+
1.07 0.98
CONFIDENTIAL | 9
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137FBU79 FHMS K-069 A2 3.187
09/25/2027 480,296.42 05/18/20234.13%
461,365.99
461,365.99
98.59 4.25%
473,531.93
1,275.59
1.17%
12,165.94
Aa1/AAA
AA+
1.24 1.16
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 510,000.00 05/24/2023
4.65%
500,636.72
500,636.72
98.91 4.37%
504,435.39
1,636.25
1.24%
3,798.67
Aa1/AA+
AAA
1.90 1.72
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028 500,000.00 07/18/20244.47%
486,640.63
486,640.63
98.57 4.43%
492,862.00
1,607.92
1.21%
6,221.37
Aaa/AA+
AA+
2.41 2.20
3137FKUP9 FHMS K-087 A2 3.771
12/25/2028 385,879.83 06/05/20244.64%
371,228.45
371,228.45
98.38 4.42%
379,620.47
1,212.63
0.93%
8,392.02
Aa1/AAA
AA+
2.49 2.22
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 525,000.00 10/17/2024
4.18%
485,030.27
485,030.27
94.87 4.43%
498,051.23
988.75
1.23%
13,020.96
Aa1/AA+
AAA
2.57 2.36
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 400,000.00 07/08/20244.57%
380,031.25
380,031.25
97.42 4.43%
389,671.60
1,140.67
0.96%
9,640.35
Aa1/AAA
AA+
2.66 2.43
3137FLYV0 FHMS K-092 A2 3.298
04/25/2029 250,000.00 05/30/20244.85%
232,578.13
232,578.13
96.97 4.43%
242,427.25
687.08
0.60%
9,849.12
Aa1/AA+
AAA
2.82 2.57
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029 342,617.96 09/19/20243.76%
330,546.04
330,546.04
96.24 4.43%
329,731.76
851.41
0.81%
(814.28)
Aa1/AA+
AAA
2.90 2.54
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 500,000.00 09/03/20253.94%
461,699.22
461,699.22
92.25 4.44%
461,239.00
862.08
1.13%
(460.22)
Aa1/AA+
AAA
3.57 3.33
3137FWG79 FHMS K-115 A2 1.383
06/25/2030 560,000.00 --4.10%
499,860.55
499,860.55
88.98 4.45%
498,293.60
645.40
1.23%
(1,566.95)
Aa1/AA+
AAA
3.99 3.75
3137F62M8 FHMS K-118 A2 1.493
09/25/2030 350,000.00 01/29/20263.96%
313,085.94
313,085.94
88.83 4.46%
310,895.55
435.46
0.76%
(2,190.39)
Aa1/AA+
AAA
4.24 3.94
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030 500,000.00 01/07/20263.94%
447,421.88
447,421.88
88.68 4.46%
443,403.00
644.58
1.09%
(4,018.88)
Aa1/AA+
AAA
4.32 4.06
Total Agency CMBS 5,613,794.21 4.26%
5,265,981.32
5,265,981.32
95.12 4.40%
5,330,417.97
12,812.93
13.11%
64,436.65
2.78 2.56
CASH
CCYUSD Receivable 403.20 -- 403.20
403.20
1.00 403.20
0.00 0.00%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 403.20
403.20
403.20
1.00 403.20
0.00 0.00%
0.00 0.00
0.00 CORPORATE
CONFIDENTIAL | 10
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
63743HFZ0
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
4.15 08/25/2028
400,000.00 08/26/2025
4.03%
401,292.00
401,292.00
99.18 4.55%
396,727.20
5,810.00
0.98%
(4,564.80)
A2/NA
A
2.15 2.00
756109CW2 REALTY INCOME CORP 3.95
02/01/2029 470,000.00 09/25/20254.14%
467,236.40
467,236.40
98.51 4.57%
463,001.70
7,735.42
1.14%
(4,234.70)
A3/ANA2.59
2.39 17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 140,000.00 02/21/20244.86%
139,951.00
139,951.00
101.06
4.42%
141,486.66
2,357.64
0.35%
1,535.66
A1/AANA2.66
2.36 341081GT8 FLORIDA POWER & LIGHT CO
5.15 06/15/2029 300,000.00 06/13/20244.82%
304,159.46
304,159.46
101.87
4.47%
305,623.20
686.67
0.75%
1,463.74
Aa2/A+
AA2.962.57
437076DC3 HOME DEPOT INC 4.75
06/25/2029 500,000.00 07/08/20244.72%
500,690.00
500,690.00
100.99
4.39%
504,948.50
395.83
1.24%
4,258.50
A2/A
A
2.99 2.68
713448FX1 PEPSICO INC 4.5 07/17/2029 400,000.00 07/16/2024
4.52%
399,592.00
399,592.00
100.31
4.39%
401,237.60
8,200.00
0.99%
1,645.60
A1/A+
NA
3.05 2.69
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 325,000.00 07/21/20254.35%
325,000.00
325,000.00
99.49 4.56%
323,337.95
6,324.06
0.80%
(1,662.05)
A2/AA3.05
1.90 89236TMK8 TOYOTA MOTOR CREDIT CORP
4.55 08/09/2029 450,000.00 12/09/20244.55%
450,067.50
450,067.50
99.96 4.56%
449,825.85
8,076.25
1.11%
(241.65)
A1/A+
A+
3.11 2.82
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 450,000.00 08/22/20244.31%
456,678.00
456,678.00
100.49
4.48%
452,215.80
7,905.00
1.11%
(4,462.20)
A2/A
A
3.13 2.76
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 290,000.00 10/17/20254.25%
290,036.40
290,036.40
98.64 4.70%
286,041.50
2,430.43
0.70%
(3,994.90)
A1/AA+3.30
2.15 14913UAU4 CATERPILLAR FINANCIAL
SERVICES CORP 4.7 11/15/2029 150,000.00 11/12/20244.74% 149,755.50
149,755.50
100.77
4.45%
151,158.30
900.83
0.37%
1,402.80
A1/A
A+
3.38 3.07
00287YBX6 ABBVIE INC 3.2 11/21/2029 400,000.00 04/29/2025
4.38%
380,696.00
380,696.00
95.75 4.57%
383,016.40
1,422.22
0.94%
2,320.40
A2/ANA3.39
3.15 89236TNA9 TOYOTA MOTOR CREDIT CORP
4.95 01/09/2030 330,000.00 01/06/20255.00%
329,293.80
329,293.80
101.15
4.59%
333,787.74
7,804.50
0.82%
4,493.94
A1/A+
A+
3.53 3.13
46647PEB8 JPMORGAN CHASE & CO 5.012
01/23/2030 300,000.00 05/14/20254.76%
302,478.00
302,478.00
100.68
4.79%
302,032.20
6,599.13
0.74%
(445.80)
A1/A
AA3.572.33
532457CV8 ELI LILLY AND CO 4.75
02/12/2030 500,000.00 02/10/20254.75%
500,110.00
500,110.00
101.06
4.43%
505,296.00
9,170.14
1.24%
5,186.00
Aa3/AANA3.62
3.17 02665WFY2 AMERICAN HONDA FINANCE
CORP 4.8 03/05/2030 325,000.00 03/03/20254.82%
324,714.00
324,714.00
99.81 4.86%
324,375.03
5,026.67
0.80%
(338.98)
A3/BBB+
A3.683.28
194162AT0 COLGATE-PALMOLIVE CO 4.2
05/01/2030 210,000.00 04/28/20254.21%
209,888.70
209,888.70
99.53 4.33%
209,015.52
1,470.00
0.51%
(873.18)
Aa3/A+
NA
3.84 3.48
CONFIDENTIAL | 11
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
74464AAC5 PUBLIC STORAGE OPERATING CO
4.375 07/01/2030 500,000.00 09/04/20254.18%
504,075.00
504,075.00
99.35 4.56%
496,740.50
10,937.50
1.22%
(7,334.50)
A2/A
NA
4.00 3.63
06051GHV4 BANK OF AMERICA CORP 3.194
07/23/2030 250,000.00 12/09/20254.48%
240,807.50
240,807.50
95.58 4.87%
238,937.50
3,504.53
0.59%
(1,870.00)
A1/AAA4.06
2.83 24422EYF0 JOHN DEERE CAPITAL CORP
4.375 10/15/2030 500,000.00 11/04/20254.22%
503,460.00
503,460.00
99.40 4.53%
496,979.50
4,618.06
1.22%
(6,480.50)
A1/A
A+
4.29 3.83
30303MAB8 META PLATFORMS INC 4.2
11/15/2030 450,000.00 11/13/20254.16%
450,868.50
450,868.50
98.43 4.60%
442,940.85
2,415.00
1.09%
(7,927.65)
Aa3/AANA4.38
3.93 26444HAT8 DUKE ENERGY FLORIDA LLC 4.2
12/01/2030 500,000.00 01/08/20264.17%
500,545.00
500,545.00
98.26 4.64%
491,293.00
1,750.00
1.21%
(9,252.00)
A1/A
NA
4.42 3.97
74456QCX2 PUBLIC SERVICE ELECTRIC AND
GAS CO 4.2 01/01/2031 500,000.00 06/18/20264.61%
491,730.00
491,730.00
98.32 4.62%
491,604.50
10,150.00
1.21%
(125.50)
A1/A
NA
4.51 4.05
74340XCQ2 PROLOGIS LP 4.75 01/15/2031 450,000.00 01/14/2026
4.22%
460,462.50
460,462.50
100.51
4.62%
452,315.70
9,856.25
1.11%
(8,146.80)
A2/A
NA
4.54 3.89
92826CAZ5 VISA INC 4.1 02/12/2031 265,000.00 02/03/2026
4.13%
264,644.90
264,644.90
98.91 4.36%
262,113.36
4,195.10
0.64%
(2,531.55)
Aa3/AANA4.62
4.09 02079KBK2 ALPHABET INC 4.1 02/15/2031 400,000.00 02/12/2026
4.10%
400,023.60
400,023.60
98.26 4.52%
393,032.00
6,286.67
0.97%
(6,991.60)
Aa2/AA+
NA
4.63 4.10
06051GJB6 BANK OF AMERICA CORP 2.592
04/29/2031 350,000.00 05/20/20265.02%
321,835.50
321,835.50
92.28 5.02%
322,962.85
1,562.40
0.79%
1,127.35
A1/AAA4.83
3.56 14913V2D9 CATERPILLAR FINANCIAL
SERVICES CORP 4.5 05/15/2031 355,000.00 --4.54%
354,303.65
354,303.65
99.53 4.61%
353,320.50
2,041.25
0.87%
(983.16)
A1/A
A+
4.87 4.30
57636QBL7 MASTERCARD INC 4.6
06/08/2031 345,000.00 06/04/20264.62%
344,724.00
344,724.00
99.85 4.63%
344,469.74
1,013.92
0.85%
(254.27)
Aa3/A+
NA
4.94 4.36
67066GAR5 NVIDIA CORP 4.5 06/15/2031 210,000.00 06/15/2026
4.54%
209,601.00
209,601.00
99.65 4.58%
209,256.60
341.25
0.51%
(344.40)
Aa1/AA
NA
4.96 4.39
Total Corporate 11,015,000.00 4.45%
10,978,719.91
10,978,719.91
99.25 4.57%
10,929,093.73
140,986.71
26.89%
(49,626.18)
3.77 3.26
MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 233,381.83 --
3.27%
233,381.83
233,381.83
1.00 3.27%
233,381.83
0.00 0.57%
0.00 Aaa/
AAAm
AAA
0.00 0.00
Total Money
Market Fund 233,381.83 3.27%
233,381.83
233,381.83
1.00 3.27%
233,381.83
0.00 0.57%
0.00 0.00
0.00 CONFIDENTIAL | 12
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 395,000.00 10/30/20244.38%
397,081.65
397,081.65
100.46
4.34%
396,813.84
7,406.25
0.98%
(267.81)
Aa2/AAAA3.09
2.80 Total Municipal
Bonds 395,000.00 4.38%
397,081.65
397,081.65
100.46
4.34%
396,813.84
7,406.25
0.98%
(267.81)
3.09 2.80
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
98.71 4.17%
222,093.45
3,696.88
0.55%
7,405.20
Aaa/AAA
NA
2.03 1.91
45950KDD9 INTERNATIONAL FINANCE CORP
4.5 07/13/2028 230,000.00 07/06/20234.53%
229,744.70
229,744.70
100.63
4.17%
231,446.70
4,830.00
0.57%
1,702.00
Aaa/AAA
NA
2.04 1.89
4581X0EN4
INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
400,000.00 03/14/2024
4.39%
395,324.00
395,324.00
99.86 4.18%
399,433.20
6,233.33
0.98%
4,109.20
Aaa/AAA
NA
2.63 2.42
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
99.70 4.21%
234,292.18
2,719.64
0.58%
131.13
Aaa/AAA
NA
3.72 3.38
Total
Supranational 1,090,000.00 4.41%
1,073,918.00
1,073,918.00
99.75 4.18%
1,087,265.53
17,479.84
2.68%
13,347.53
2.62 2.41
US TREASURY
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 650,000.00 09/14/20223.66%
618,591.80
618,591.80
98.89 4.01%
642,788.90
4,084.70
1.58%
24,197.10
Aa1/AA+
AA+
0.75 0.73
91282CKV2 UNITED STATES TREASURY 4.625
06/15/2027 650,000.00 07/08/20244.41%
653,833.98
653,833.98
100.48
4.10%
653,128.45
1,314.21
1.61%
(705.53)
Aa1/AA+
AA+
0.96 0.93
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 650,000.00 07/16/20244.24%
652,462.89
652,462.89
100.25
4.13%
651,624.35
13,118.96
1.60%
(838.54)
Aa1/AA+
AA+
1.04 0.99
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 650,000.00 09/13/20223.57%
636,822.26
636,822.26
98.86 4.13%
642,586.10
6,789.23
1.58%
5,763.84
Aa1/AA+
AA+
1.17 1.12
91282CFU0 UNITED STATES TREASURY 4.125
10/31/2027 650,000.00 07/08/20244.37%
645,074.22
645,074.22
99.94 4.17%
649,619.10
4,517.32
1.60%
4,544.88
Aa1/AA+
AA+
1.34 1.27
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 350,000.00 01/24/20233.59%
354,470.70
354,470.70
99.58 4.17%
348,523.35
36.85 0.86%
(5,947.35)
Aa1/AA+
AA+
1.50 1.44
CONFIDENTIAL | 13
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 500,000.00 02/22/20234.12%
486,269.53
486,269.53
98.97 4.18%
494,844.00
7,299.72
1.22%
8,574.47
Aa1/AA+
AA+
1.59 1.50
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 500,000.00 07/19/20244.22%
496,367.19
496,367.19
99.73 4.16%
498,672.00
6,684.78
1.23%
2,304.81
Aa1/AA+
AA+
1.67 1.57
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 350,000.00 04/24/20233.61%
350,259.77
350,259.77
99.09 4.17%
346,800.65
3,189.21
0.85%
(3,459.12)
Aa1/AA+
AA+
1.75 1.66
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 500,000.00 06/22/20234.02%
491,308.59
491,308.59
99.02 4.16%
495,078.00
1,535.18
1.22%
3,769.41
Aa1/AA+
AA+
1.92 1.82
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 500,000.00 09/20/20234.51%
489,179.69
489,179.69
99.69 4.16%
498,457.00
54.35 1.23%
9,277.31
Aa1/AA+
AA+
2.00 1.90
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 350,000.00 08/24/20234.39%
345,953.13
345,953.13
99.93 4.16%
349,753.95
6,022.27
0.86%
3,800.82
Aa1/AA+
AA+
2.08 1.94
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 350,000.00 10/18/20234.89%
345,912.11
345,912.11
100.97
4.17%
353,390.80
4,068.99
0.87%
7,478.69
Aa1/AA+
AA+
2.25 2.10
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 400,000.00 01/22/20244.00%
395,468.75
395,468.75
99.01 4.17%
396,031.20
40.76 0.97%
562.45
Aa1/AA+
AA+
2.50 2.36
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 650,000.00 02/12/20244.14%
646,013.67
646,013.67
99.57 4.18%
647,206.95
10,845.30
1.59%
1,193.28
Aa1/AA+
AA+
2.59 2.39
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 650,000.00 07/16/20244.12%
650,000.00
650,000.00
99.88 4.17%
649,238.20
6,739.75
1.60%
(761.80)
Aa1/AA+
AA+
2.75 2.55
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 500,000.00 07/19/20244.14%
507,812.50
507,812.50
100.91
4.17%
504,531.50
1,905.74
1.24%
(3,281.00)
Aa1/AA+
AA+
2.92 2.70
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 650,000.00 07/08/20244.24%
650,355.47
650,355.47
100.23
4.17%
651,472.90
75.07 1.60%
1,117.43
Aa1/AA+
AA+
3.00 2.79
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 500,000.00 07/29/20244.06%
498,632.81
498,632.81
99.52 4.17%
497,617.00
8,342.54
1.22%
(1,015.81)
Aa1/AA+
AA+
3.08 2.82
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 500,000.00 09/17/20243.44%
504,218.75
504,218.75
98.40 4.17%
491,992.00
6,058.08
1.21%
(12,226.75)
Aa1/AA+
AA+
3.17 2.92
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 350,000.00 11/14/20244.29%
343,656.25
343,656.25
99.09 4.17%
346,828.30
3,409.15
0.85%
3,172.05
Aa1/AA+
AA+
3.25 2.99
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 700,000.00 12/19/20244.40%
691,386.72
691,386.72
99.84 4.17%
698,906.60
2,445.70
1.72%
7,519.88
Aa1/AA+
AA+
3.42 3.14
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 500,000.00 05/29/20254.03%
504,570.31
504,570.31
100.22
4.18%
501,094.00
8,863.95
1.23%
(3,476.31)
Aa1/AA+
AA+
3.59 3.24
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 500,000.00 04/07/20253.75%
505,625.00
505,625.00
99.36 4.18%
496,816.50
5,027.32
1.22%
(8,808.50)
Aa1/AA+
AA+
3.75 3.41
CONFIDENTIAL | 14
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 500,000.00 05/29/20254.04%
496,367.19
496,367.19
98.92 4.18%
494,590.00
3,264.27
1.22%
(1,777.19)
Aa1/AA+
AA+
3.83 3.50
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 600,000.00 07/24/20253.96%
597,632.81
597,632.81
98.84 4.19%
593,062.80
63.18 1.46%
(4,570.01)
Aa1/AA+
AA+
4.00 3.66
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 500,000.00 08/26/20253.77%
502,402.34
502,402.34
98.82 4.19%
494,101.50
8,081.84
1.22%
(8,300.84)
Aa1/AA+
AA+
4.08 3.68
91282CPD7 UNITED STATES TREASURY 3.625
10/31/2030 500,000.00 12/09/20253.78%
496,640.63
496,640.63
97.74 4.20%
488,711.00
3,053.67
1.20%
(7,929.63)
Aa1/AA+
AA+
4.34 3.94
91282CQG9 UNITED STATES TREASURY 3.875
03/31/2031 250,000.00 04/27/20263.93%
249,404.30
249,404.30
98.58 4.21%
246,445.25
2,435.11
0.61%
(2,959.05)
Aa1/AA+
AA+
4.75 4.25
91282CQK0 UNITED STATES TREASURY 3.875
04/30/2031 650,000.00 05/26/20264.19%
640,960.94
640,960.94
98.56 4.21%
640,656.25
4,243.55
1.58%
(304.69)
Aa1/AA+
AA+
4.83 4.33
Total US Treasury 15,550,000.00 4.07%
15,447,654.30
15,447,654.30
99.46 4.16%
15,464,568.60
133,610.75
38.05%
16,914.30
2.62 2.41
Total Portfolio 41,073,794.23 4.26%
40,576,354.94
40,576,354.94
98.45 4.31%
40,644,664.33
362,355.67
100.00%
68,309.39
2.87 2.48
Total Market Value
+ Accrued 41,007,020.00
CONFIDENTIAL | 15
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 06/01/2026 31846V203 45,541.67 FIRST AMER:GVT OBLG Y 1.000 3.26% (45,541.67) 0.00 (45,541.67) 0.00
Purchase 06/02/2026 31846V203 280.72 FIRST AMER:GVT OBLG Y 1.000 3.25% (280.72) 0.00 (280.72) 0.00
Purchase 06/08/2026 57636QBL7 345,000.00 MASTERCARD INC 4.6 06/08/2031 99.920 4.62% (344,724.00) 0.00 (344,724.00) 0.00 Purchase 06/08/2026 31846V203 57,890.17 FIRST AMER:GVT OBLG Y 1.000 3.25% (57,890.17) 0.00 (57,890.17) 0.00
Purchase 06/15/2026 31846V203 10,233.46 FIRST AMER:GVT OBLG Y 1.000 3.26% (10,233.46) 0.00 (10,233.46) 0.00
Purchase 06/15/2026 31846V203 76,591.56 FIRST AMER:GVT OBLG Y 1.000 3.26% (76,591.56) 0.00 (76,591.56) 0.00
Purchase 06/17/2026 31846V203 300,511.50 FIRST AMER:GVT OBLG Y 1.000 3.27% (300,511.50) 0.00 (300,511.50) 0.00
Purchase 06/18/2026 67066GAR5 210,000.00 NVIDIA CORP 4.5 06/15/2031 99.810 4.54% (209,601.00) 0.00 (209,601.00) 0.00 Purchase 06/22/2026 74456QCX2 500,000.00
PUBLIC SERVICE
ELECTRIC AND GAS CO
4.2 01/01/2031
98.346 4.61% (491,730.00) (9,625.00) (501,355.00) 0.00
Purchase 06/22/2026 31846V203 140,557.45 FIRST AMER:GVT OBLG Y 1.000 3.25% (140,557.45) 0.00 (140,557.45) 0.00
Purchase 06/23/2026 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 89.129 4.32% (222,822.27) (211.29) (223,033.56) 0.00 Purchase 06/25/2026 31846V203 13,352.94 FIRST AMER:GVT OBLG Y 1.000 3.26% (13,352.94) 0.00 (13,352.94) 0.00
Purchase 06/25/2026 31846V203 20,307.86 FIRST AMER:GVT OBLG Y 1.000 3.26% (20,307.86) 0.00 (20,307.86) 0.00
Purchase 06/30/2026 31846V203 11,625.00 FIRST AMER:GVT OBLG Y 1.000 3.27% (11,625.00) 0.00 (11,625.00) 0.00
Purchase 06/30/2026 31846V203 38,093.75 FIRST AMER:GVT OBLG Y 1.000 3.27% (38,093.75) 0.00 (38,093.75) 0.00
Total Purchase 2,019,986.08 (1,983,863.35) (9,836.29) (1,993,699.64) 0.00 CONFIDENTIAL | 16
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTAL
ACQUISITIONS 2,019,986.08 (1,983,863.35) (9,836.29) (1,993,699.64) 0.00
DISPOSITIONS
Sale 06/08/2026 74456QBU9 (300,000.00)
PUBLIC SERVICE
ELECTRIC AND GAS CO
3.7 05/01/2028
98.916 5.10% 296,748.00 (1,140.83) 297,888.83 13,911.00 Sale 06/08/2026 31846V203 (89,287.84) FIRST AMER:GVT OBLG Y 1.000 3.25% 89,287.84 0.00 89,287.84 0.00
Sale 06/17/2026 58933YBH7 (300,000.00) MERCK & CO INC 4.05 05/17/2028 99.833 4.08% 299,499.00 (1,012.50) 300,511.50 (118.50) Sale 06/18/2026 31846V203 (209,601.00) FIRST AMER:GVT OBLG Y 1.000 3.27% 209,601.00 0.00 209,601.00 0.00
Sale 06/18/2026 31846V203 (3,147.30) FIRST AMER:GVT OBLG Y 1.000 3.27% 3,147.30 0.00 3,147.30 0.00
Sale 06/22/2026 69371RS80 (365,000.00) PACCAR FINANCIAL CORP 4.6 01/31/2029 100.635 4.64% 367,317.75 (6,622.72) 373,940.47 2,912.70 Sale 06/22/2026 79466LAQ7 (265,000.00) SALESFORCE INC 4.5 03/15/2028 99.884 4.37% 264,692.60 (3,279.38) 267,971.98 (951.45) Sale 06/23/2026 31846V203 (223,033.56) FIRST AMER:GVT OBLG Y 1.000 3.25% 223,033.56 0.00 223,033.56 0.00
Total Sale (1,755,069.70) 1,753,327.05 (12,055.43) 1,765,382.48 15,753.75 TOTAL
DISPOSITIONS (1,755,069.70) 1,753,327.05 (12,055.43) 1,765,382.48 15,753.75 OTHER
TRANSACTIONS
Coupon 06/01/2026 3137FLYV0 0.00 FHMS K-092 A2 3.298
04/25/2029 4.85% 687.08 0.00 687.08 0.00
Coupon 06/01/2026 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 06/01/2026 3137FKUP9 0.00 FHMS K-087 A2 3.771
12/25/2028 4.64% 1,214.02 0.00 1,214.02 0.00
CONFIDENTIAL | 17
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 06/01/2026 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 06/01/2026 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 06/01/2026 3137FAWS3 0.00 FHMS K-067 A2 3.194
07/25/2027 4.28% 825.12 0.00 825.12 0.00
Coupon 06/01/2026 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 4.18% 988.75 0.00 988.75 0.00
Coupon 06/01/2026 26444HAT8 0.00 DUKE ENERGY FLORIDA
LLC 4.2 12/01/2030 4.17% 10,791.67 0.00 10,791.67 0.00
Coupon 06/01/2026 3137FBU79 0.00 FHMS K-069 A2 3.187
09/25/2027 4.13% 1,277.85 0.00 1,277.85 0.00
Coupon 06/01/2026 3137F62M8 0.00 FHMS K-118 A2 1.493
09/25/2030 3.96% 435.46 0.00 435.46 0.00
Coupon 06/01/2026 3137FRUT6 0.00 FHMS K-106 A2 2.069
01/25/2030 3.94% 862.08 0.00 862.08 0.00
Coupon 06/01/2026 3137F83Q4 0.00 FHMS K-121 A2 1.547
10/25/2030 3.94% 644.58 0.00 644.58 0.00
Coupon 06/01/2026 3137FWG79 0.00 FHMS K-115 A2 1.383
06/25/2030 3.93% 357.28 0.00 357.28 0.00
Coupon 06/01/2026 3137FMCR1 0.00 FHMS K-093 A2 2.982
05/25/2029 3.76% 852.38 0.00 852.38 0.00
Coupon 06/08/2026 3130AXQK7 0.00
FEDERAL HOME
LOAN BANKS 4.75
12/08/2028
4.18% 15,437.50 0.00 15,437.50 0.00
Coupon 06/15/2026 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.32% 235.62 0.00 235.62 0.00
Coupon 06/15/2026 44933XAD9 0.00 HART 2023-B A3 5.48
04/17/2028 5.27% 655.06 0.00 655.06 0.00
Coupon 06/15/2026 02582JKH2 0.00 AMXCA 2024-1 A 5.23
04/16/2029 5.23% 479.42 0.00 479.42 0.00
Coupon 06/15/2026 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 1,204.00 0.00 1,204.00 0.00
CONFIDENTIAL | 18
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 06/15/2026 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.20% 237.83 0.00 237.83 0.00
Coupon 06/15/2026 47800BAC2 0.00 JDOT 2022-C A3 5.09
06/15/2027 5.09% 11.31 0.00 11.31 0.00
Coupon 06/15/2026 47787CAC7 0.00 JDOT 2023-C A3 5.48
05/15/2028 5.08% 541.47 0.00 541.47 0.00
Coupon 06/15/2026 448973AD9 0.00 HART 2024-A A3 4.99
02/15/2029 5.00% 245.94 0.00 245.94 0.00
Coupon 06/15/2026 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 554.62 0.00 554.62 0.00
Coupon 06/15/2026 341081GT8 0.00
FLORIDA POWER
& LIGHT CO 5.15
06/15/2029
4.82% 7,725.00 0.00 7,725.00 0.00
Coupon 06/15/2026 91282CKV2 0.00
UNITED STATES
TREASURY 4.625
06/15/2027
4.41% 15,031.25 0.00 15,031.25 0.00
Coupon 06/15/2026 89239TAD4 0.00 TAOT 2024-D A3 4.4
06/15/2029 4.40% 440.00 0.00 440.00 0.00
Coupon 06/15/2026 89231HAD8 0.00 TAOT 2025-B A3 4.34
11/15/2029 4.34% 434.00 0.00 434.00 0.00
Coupon 06/15/2026 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 750.75 0.00 750.75 0.00
Coupon 06/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 4.23% 652.13 0.00 652.13 0.00
Coupon 06/15/2026 437921AD1 0.00 HAROT 252 A3 4.15
10/15/2029 4.15% 432.29 0.00 432.29 0.00
Coupon 06/15/2026 89240QAD7 0.00 TAOT 2026-B A3 4.13
12/16/2030 4.14% 516.25 0.00 516.25 0.00
Coupon 06/15/2026 58770YAD3 0.00 MBALT 2026-A A3 3.93
01/15/2030 3.94% 360.25 0.00 360.25 0.00
Coupon 06/15/2026 92970QAJ4 0.00 WFCIT 2025-1 A 4.34
05/15/2030 3.84% 1,175.42 0.00 1,175.42 0.00
Coupon 06/25/2026 096919AD7 0.00 BMWOT 2024-A A3
5.18 02/26/2029 5.18% 349.57 0.00 349.57 0.00
CONFIDENTIAL | 19
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 06/25/2026 437076DC3 0.00 HOME DEPOT INC 4.75
06/25/2029 4.72% 11,875.00 0.00 11,875.00 0.00
Coupon 06/25/2026 096912AD2 0.00 BMWLT 2025-1 A3 4.43
06/26/2028 4.43% 369.17 0.00 369.17 0.00
Coupon 06/25/2026 05594HAD5 0.00 BMWLT 2025-2 A3 3.97
09/25/2028 3.97% 678.21 0.00 678.21 0.00
Coupon 06/30/2026 91282CHK0 0.00
UNITED STATES
TREASURY 4.0
06/30/2028
4.51% 10,000.00 0.00 10,000.00 0.00
Coupon 06/30/2026 91282CKX8 0.00
UNITED STATES
TREASURY 4.25
06/30/2029
4.24% 13,812.50 0.00 13,812.50 0.00
Coupon 06/30/2026 91282CJR3 0.00
UNITED STATES
TREASURY 3.75
12/31/2028
4.00% 7,500.00 0.00 7,500.00 0.00
Coupon 06/30/2026 91282CNK3 0.00
UNITED STATES
TREASURY 3.875
06/30/2030
3.96% 11,625.00 0.00 11,625.00 0.00
Coupon 06/30/2026 91282CGC9 0.00
UNITED STATES
TREASURY 3.875
12/31/2027
3.59% 6,781.25 0.00 6,781.25 0.00
Total Coupon 0.00 133,431.92 0.00 133,431.92 0.00
Custody Fee 06/25/2026 CCYUSD (305.73) Cash 0.00% (305.73) 0.00 (305.73) 0.00 Total Custody Fee (305.73) (305.73) 0.00 (305.73) 0.00
Dividend 06/30/2026 31846V203 0.00 FIRST AMER:GVT OBLG
Y 3.26% 403.20 0.00 403.20 0.00
Total Dividend 0.00 403.20 0.00 403.20 0.00
Management Fee 06/18/2026 CCYUSD (3,147.30) Cash 0.00% (3,147.30) 0.00 (3,147.30) 0.00 Total
Management Fee (3,147.30) (3,147.30) 0.00 (3,147.30) 0.00 Principal Paydown 06/01/2026 3137FKUP9 441.64 FHMS K-087 A2 3.771 12/25/2028 4.64% 441.64 -- 441.64 16.76
Principal Paydown 06/01/2026 3137FBU79 850.94 FHMS K-069 A2 3.187 09/25/2027 4.13% 850.94 -- 850.94 33.54
CONFIDENTIAL | 20
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 06/01/2026 3137FMCR1 393.00 FHMS K-093 A2 2.982 05/25/2029 3.76% 393.00 -- 393.00 13.84
Principal Paydown 06/15/2026 58770JAD6 6,162.57 MBALT 2024-A A3 5.32 01/18/2028 5.32% 6,162.57 -- 6,162.57 0.72
Principal Paydown 06/15/2026 44933XAD9 20,837.81 HART 2023-B A3 5.48 04/17/2028 5.27% 20,837.81 -- 20,837.81 (111.51)
Principal Paydown 06/15/2026 47786WAD2 2,433.95 JDOT 2024-B A3 5.2 03/15/2029 5.20% 2,433.95 -- 2,433.95 0.48
Principal Paydown 06/15/2026 47800BAC2 2,665.64 JDOT 2022-C A3 5.09 06/15/2027 5.09% 2,665.64 -- 2,665.64 0.21
Principal Paydown 06/15/2026 47787CAC7 12,621.11 JDOT 2023-C A3 5.48 05/15/2028 5.08% 12,621.11 -- 12,621.11 (131.14)
Principal Paydown 06/15/2026 448973AD9 4,676.05 HART 2024-A A3 4.99 02/15/2029 5.00% 4,676.05 -- 4,676.05 1.03
Principal Paydown 06/15/2026 89239TAD4 5,745.28 TAOT 2024-D A3 4.4 06/15/2029 4.40% 5,745.28 -- 5,745.28 0.32
Principal Paydown 06/25/2026 096919AD7 6,479.56 BMWOT 2024-A A3
5.18 02/26/2029 5.18% 6,479.56 -- 6,479.56 0.98
Total Principal
Paydown 63,307.55 63,307.55 -- 63,307.55 (174.76)
TOTAL OTHER
TRANSACTIONS 59,854.52 193,689.64 0.00 193,689.64 (174.76) CONFIDENTIAL | 21
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
233,381.83
43,465.45
714,986.08
(525,069.70)
233,381.83
0.00 280.72
0.00 280.72
0.00 0.00
0.00 280.72
280.72
CCYUSD Receivable
403.20
35,030.72
0.00 0.00
403.20
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Total Cash & Equivalents 233,785.03
78,496.17
714,986.08
(525,069.70)
233,785.03
0.00 280.72
0.00 280.72
0.00 0.00
0.00 280.72 280.72
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
355.56
0.00 1,422.22
1,066.67
0.00 0.00
0.00 1,066.67
1,066.67
02079KBK2 ALPHABET INC 4.1
02/15/2031
02/12/2026
02/17/2026
400,000.00
400,023.60
0.00 0.00
400,023.60
4,920.00
0.00 6,286.67
1,366.67
0.00 0.00
0.00 1,366.67
1,366.67
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029
07/21/2025
07/25/2025
325,000.00
325,000.00
0.00 0.00
325,000.00
5,145.66
0.00 6,324.06
1,178.40
0.00 0.00
0.00 1,178.40
1,178.40
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
02665WFY2 AMERICAN HONDA FINANCE
CORP 4.8 03/05/2030
03/03/2025
03/05/2025
325,000.00
324,714.00
0.00 0.00
324,714.00
3,726.67
0.00 5,026.67
1,300.00
0.00 0.00
0.00 1,300.00
1,300.00
CONFIDENTIAL | 22
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
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
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028
10/08/2025
10/15/2025
205,000.00
204,999.43
0.00 0.00
204,999.43
135.64
678.21
135.64
678.21
0.00 0.00
0.00 678.21
678.21
06051GHV4 BANK OF AMERICA CORP
3.194 07/23/2030
12/09/2025
12/10/2025
250,000.00
240,807.50
0.00 0.00
240,807.50
2,839.11
0.00 3,504.53
665.42
0.00 0.00
0.00 665.42
665.42
06051GJB6 BANK OF AMERICA CORP
2.592 04/29/2031
05/20/2026
05/21/2026
350,000.00
321,835.50
0.00 0.00
321,835.50
806.40
0.00 1,562.40
756.00
0.00 0.00
0.00 756.00
756.00
096912AD2 BMWLT 2025-1 A3 4.43
06/26/2028
06/03/2025
06/10/2025
100,000.00
99,997.80
0.00 0.00
99,997.80
73.83 369.17
73.83 369.17
0.00 0.00
0.00 369.17
369.17
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
74,502.73
80,969.99
0.00 (6,478.58)
74,491.41
69.91 349.57
64.32 343.98
0.00 0.00
0.00 343.98
343.98
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
5,925.00
0.00 7,406.25
1,481.25
0.00 0.00
0.00 1,481.25
1,481.25
14913UAU4
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
313.33
0.00 900.83
587.50
0.00 0.00
0.00 587.50
587.50
14913V2D9
CATERPILLAR FINANCIAL
SERVICES CORP 4.5
05/15/2031
05/15/2026
355,000.00
354,303.65
0.00 0.00
354,303.65
710.00
0.00 2,041.25
1,331.25
0.00 0.00
0.00 1,331.25
1,331.25
CONFIDENTIAL | 23
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
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
6,161.25
0.00 7,905.00
1,743.75
0.00 0.00
0.00 1,743.75
1,743.75
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
1,791.81
0.00 2,357.64
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
735.00
0.00 1,470.00
735.00
0.00 0.00
0.00 735.00
735.00
24422EYF0 JOHN DEERE CAPITAL CORP
4.375 10/15/2030
11/04/2025
11/05/2025
500,000.00
503,460.00
0.00 0.00
503,460.00
2,795.14
0.00 4,618.06
1,822.92
0.00 0.00
0.00 1,822.92
1,822.92
26444HAT8 DUKE ENERGY FLORIDA LLC
4.2 12/01/2030
01/08/2026
01/09/2026
500,000.00
500,545.00
0.00 0.00
500,545.00
10,791.67
10,791.67
1,750.00
1,750.00
0.00 0.00
0.00 1,750.00
1,750.00
30303MAB8 META PLATFORMS INC 4.2
11/15/2030
11/13/2025
11/17/2025
450,000.00
450,868.50
0.00 0.00
450,868.50
840.00
0.00 2,415.00
1,575.00
0.00 0.00
0.00 1,575.00
1,575.00
3130ATS57 FEDERAL HOME LOAN BANKS
4.5 03/10/2028
03/22/2023
03/23/2023
500,000.00
510,315.00
0.00 0.00
510,315.00
5,062.50
0.00 6,937.50
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
3,026.04
0.00 4,119.79
1,093.75
0.00 0.00
0.00 1,093.75
1,093.75
CONFIDENTIAL | 24
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
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
14,837.15
15,437.50
1,972.57
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
968.75
0.00 1,776.04
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
4,312.50
0.00 6,187.50
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
2,479.17
0.00 3,937.50
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
2,045.14
0.00 4,024.31
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
618.75
0.00 2,306.25
1,687.50
0.00 0.00
0.00 1,687.50
1,687.50
3133ERMB4
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
9,822.22
0.00 12,124.31
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
350,000.00
325,881.50
0.00 0.00
325,881.50
1,221.35
0.00 1,768.23
546.88
0.00 0.00
0.00 546.88
546.88
3137F62M8 FHMS K-118 A2 1.493
09/25/2030
01/29/2026
01/30/2026
350,000.00
313,085.94
0.00 0.00
313,085.94
435.46
435.46
435.46
435.46
0.00 0.00
0.00 435.46
435.46
CONFIDENTIAL | 25
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030
01/07/2026
01/12/2026
500,000.00
447,421.88
0.00 0.00
447,421.88
644.58
644.58
644.58
644.58
0.00 0.00
0.00 644.58
644.58
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
480,296.42
462,183.39
0.00 (817.40)
461,365.99
1,277.85
1,277.85
1,275.59
1,275.59
0.00 0.00
0.00 1,275.59
1,275.59
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
3137FKUP9 FHMS K-087 A2 3.771
12/25/2028
06/05/2024
06/06/2024
385,879.83
371,653.33
0.00 (424.88)
371,228.45
1,214.02
1,214.02
1,212.63
1,212.63
0.00 0.00
0.00 1,212.63
1,212.63
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
342,617.96
330,925.19
0.00 (379.16)
330,546.04
852.38
852.38
851.41
851.40
0.00 0.00
0.00 851.40
851.40
CONFIDENTIAL | 26
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
09/03/2025
09/08/2025
500,000.00
461,699.22
0.00 0.00
461,699.22
862.08
862.08
862.08
862.08
0.00 0.00
0.00 862.08
862.08
3137FWG79 FHMS K-115 A2 1.383
06/25/2030 560,000.00
277,038.28
222,822.27
0.00 499,860.55
357.28
145.99
645.40
434.12
0.00 0.00
0.00 434.12
434.12
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
7,124.17
7,725.00
686.67
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
10,291.67
11,875.00
395.83
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
230.56
432.29
230.56
432.29
0.00 0.00
0.00 432.29
432.29
448973AD9 HART 2024-A A3 4.99
02/15/2029
03/11/2024
03/20/2024
54,467.78
59,130.80
0.00 (4,675.02)
54,455.77
131.17
245.94
120.80
235.57
0.00 0.00
0.00 235.57
235.57
44933XAD9 HART 2023-B A3 5.48
04/17/2028
07/11/2024
07/12/2024
122,605.45
144,210.90
0.00 (20,949.32)
123,261.58
349.36
655.06
298.61
604.31
0.00 0.00
0.00 604.31
604.31
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
4,858.33
0.00 6,233.33
1,375.00
0.00 0.00
0.00 1,375.00
1,375.00
CONFIDENTIAL | 27
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
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
3,040.63
0.00 3,696.88
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
1,911.82
0.00 2,719.64
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
3,967.50
0.00 4,830.00
862.50
0.00 0.00
0.00 862.50
862.50
46647PEB8 JPMORGAN CHASE & CO
5.012 01/23/2030
05/14/2025
05/15/2025
300,000.00
302,478.00
0.00 0.00
302,478.00
5,346.13
0.00 6,599.13
1,253.00
0.00 0.00
0.00 1,253.00
1,253.00
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
52,450.16
54,873.38
0.00 (2,433.47)
52,439.91
126.84
237.83
121.22
232.20
0.00 0.00
0.00 232.20
232.20
47787CAC7 JDOT 2023-C A3 5.48
05/15/2028
12/05/2023
12/08/2023
105,948.91
119,802.03
0.00 (12,752.25)
107,049.78
288.78
541.47
258.04
510.73
0.00 0.00
0.00 510.73
510.73
47800BAC2 JDOT 2022-C A3 5.09
06/15/2027
10/12/2022
10/19/2022
0.00 2,665.43
0.00 (2,665.43)
0.00 6.03
11.31 0.00
5.28 0.00
0.00 0.00
5.28 5.28
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
7,190.97
0.00 9,170.14
1,979.17
0.00 0.00
0.00 1,979.17
1,979.17
CONFIDENTIAL | 28
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
57636QBL7 MASTERCARD INC 4.6
06/08/2031
06/04/2026
06/08/2026
345,000.00
0.00 344,724.00
0.00 344,724.00
0.00 0.00
1,013.92
1,013.92
0.00 0.00
0.00 1,013.92
1,013.92
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028
05/17/2024
05/23/2024
46,985.24
53,141.59
0.00 (6,161.85)
46,979.74
125.67
235.62
111.09
221.05
0.00 0.00
0.00 221.05
221.05
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030
01/13/2026
01/21/2026
110,000.00
109,978.19
0.00 0.00
109,978.19
192.13
360.25
192.13
360.25
0.00 0.00
0.00 360.25
360.25
58933YBH7 MERCK & CO INC 4.05
05/17/2028 0.00
299,617.50
0.00 (299,617.50)
0.00 472.50
1,012.50
0.00 540.00
0.00 0.00
0.00 540.00
540.00
61748UAK8 MORGAN STANLEY 4.133
10/18/2029
10/17/2025
10/22/2025
290,000.00
290,036.40
0.00 0.00
290,036.40
1,431.63
0.00 2,430.43
998.81
0.00 0.00
0.00 998.81
998.81
63743HFZ0
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
4.15 08/25/2028
08/26/2025
08/27/2025
400,000.00
401,292.00
0.00 0.00
401,292.00
4,426.67
0.00 5,810.00
1,383.33
0.00 0.00
0.00 1,383.33
1,383.33
67066GAR5 NVIDIA CORP 4.5 06/15/2031
06/15/2026
06/18/2026
210,000.00
0.00 209,601.00
0.00 209,601.00
0.00 0.00
341.25
341.25
0.00 0.00
0.00 341.25
341.25
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
01/24/2024
01/31/2024
0.00 364,405.05
0.00 (364,405.05)
0.00 5,643.31
6,622.72
0.00 979.41
0.00 0.00
0.00 979.41
979.41
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
6,700.00
0.00 8,200.00
1,500.00
0.00 0.00
0.00 1,500.00
1,500.00
CONFIDENTIAL | 29
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
74340XCQ2 PROLOGIS LP 4.75
01/15/2031
01/14/2026
01/15/2026
450,000.00
460,462.50
0.00 0.00
460,462.50
8,075.00
0.00 9,856.25
1,781.25
0.00 0.00
0.00 1,781.25
1,781.25
74456QBU9 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7 05/01/2028
09/06/2023
09/08/2023
0.00 282,837.00
0.00 (282,837.00)
0.00 925.00
1,140.83
0.00 215.83
0.00 0.00
0.00 215.83
215.83
74456QCX2 PUBLIC SERVICE ELECTRIC
AND GAS CO 4.2 01/01/2031
06/18/2026
06/22/2026
500,000.00
0.00 491,730.00
0.00 491,730.00
0.00 (9,625.00)
10,150.00
525.00
0.00 0.00
0.00 525.00
525.00
74464AAC5 PUBLIC STORAGE OPERATING
CO 4.375 07/01/2030
09/04/2025
09/05/2025
500,000.00
504,075.00
0.00 0.00
504,075.00
9,114.58
0.00 10,937.50
1,822.92
0.00 0.00
0.00 1,822.92
1,822.92
756109CW2 REALTY INCOME CORP 3.95
02/01/2029
09/25/2025
10/06/2025
470,000.00
467,236.40
0.00 0.00
467,236.40
6,188.33
0.00 7,735.42
1,547.08
0.00 0.00
0.00 1,547.08
1,547.08
79466LAQ7 SALESFORCE INC 4.5
03/15/2028
03/12/2026
03/13/2026
0.00 265,644.05
0.00 (265,644.05)
0.00 2,583.75
3,279.38
0.00 695.63
0.00 0.00
0.00 695.63
695.63
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
231.47
434.00
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
6,370.00
0.00 8,076.25
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
6,443.25
0.00 7,804.50
1,361.25
0.00 0.00
0.00 1,361.25
1,361.25
CONFIDENTIAL | 30
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
89239TAD4 TAOT 2024-D A3 4.4
06/15/2029
10/10/2024
10/17/2024
114,254.72
119,993.30
0.00 (5,744.96)
114,248.34
234.67
440.00
223.43
428.76
0.00 0.00
0.00 428.76
428.76
89240QAD7 TAOT 2026-B A3 4.13
12/16/2030
04/14/2026
04/21/2026
150,000.00
149,968.37
0.00 0.00
149,968.37
275.33
516.25
275.33
516.25
0.00 0.00
0.00 516.25
516.25
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
2,752.73
0.00 4,084.70
1,331.97
0.00 0.00
0.00 1,331.97
1,331.97
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
5,133.32
0.00 6,789.23
1,655.91
0.00 0.00
0.00 1,655.91
1,655.91
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
2,297.47
0.00 3,409.15
1,111.68
0.00 0.00
0.00 1,111.68
1,111.68
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
2,331.52
0.00 4,517.32
2,185.80
0.00 0.00
0.00 2,185.80
2,185.80
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
5,694.75
6,781.25
36.85 1,123.35
0.00 0.00
0.00 1,123.35
1,123.35
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
5,849.45
0.00 7,299.72
1,450.28
0.00 0.00
0.00 1,450.28
1,450.28
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028
07/19/2024
07/22/2024
500,000.00
496,367.19
0.00 0.00
496,367.19
5,054.35
0.00 6,684.78
1,630.43
0.00 0.00
0.00 1,630.43
1,630.43
CONFIDENTIAL | 31
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
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
2,149.25
0.00 3,189.21
1,039.96
0.00 0.00
0.00 1,039.96
1,039.96
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
49.52 9,062.50
1,535.18
10,548.16
0.00 0.00
0.00 10,548.16
10,548.16
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
8,397.79
10,000.00
54.35 1,656.56
0.00 0.00
0.00 1,656.56
1,656.56
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
4,825.79
0.00 6,022.27
1,196.48
0.00 0.00
0.00 1,196.48
1,196.48
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
2,742.14
0.00 4,068.99
1,326.84
0.00 0.00
0.00 1,326.84
1,326.84
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
6,298.34
7,500.00
40.76 1,242.42
0.00 0.00
0.00 1,242.42
1,242.42
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
8,690.61
0.00 10,845.30
2,154.70
0.00 0.00
0.00 2,154.70
2,154.70
91282CKG5 UNITED STATES TREASURY
4.125 03/31/2029
07/16/2024
07/17/2024
650,000.00
650,000.00
0.00 0.00
650,000.00
4,542.01
0.00 6,739.75
2,197.75
0.00 0.00
0.00 2,197.75
2,197.75
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
61.48 11,250.00
1,905.74
13,094.26
0.00 0.00
0.00 13,094.26
13,094.26
CONFIDENTIAL | 32
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
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
13,875.00
15,031.25
1,314.21
2,470.46
0.00 0.00
0.00 2,470.46
2,470.46
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
11,599.45
13,812.50
75.07 2,288.12
0.00 0.00
0.00 2,288.12
2,288.12
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
10,762.26
0.00 13,118.96
2,356.70
0.00 0.00
0.00 2,356.70
2,356.70
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
6,685.08
0.00 8,342.54
1,657.46
0.00 0.00
0.00 1,657.46
1,657.46
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
4,580.50
0.00 6,058.08
1,477.58
0.00 0.00
0.00 1,477.58
1,477.58
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
78.89 14,437.50
2,445.70
16,804.30
0.00 0.00
0.00 16,804.30
16,804.30
91282CMG3 UNITED STATES TREASURY
4.25 01/31/2030
05/29/2025
05/30/2025
500,000.00
504,570.31
0.00 0.00
504,570.31
7,102.90
0.00 8,863.95
1,761.05
0.00 0.00
0.00 1,761.05
1,761.05
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030
04/07/2025
04/08/2025
500,000.00
505,625.00
0.00 0.00
505,625.00
3,387.98
0.00 5,027.32
1,639.34
0.00 0.00
0.00 1,639.34
1,639.34
91282CMZ1 UNITED STATES TREASURY
3.875 04/30/2030
05/29/2025
05/30/2025
500,000.00
496,367.19
0.00 0.00
496,367.19
1,684.78
0.00 3,264.27
1,579.48
0.00 0.00
0.00 1,579.48
1,579.48
CONFIDENTIAL | 33
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
91282CNK3 UNITED STATES TREASURY
3.875 06/30/2030
07/24/2025
07/25/2025
600,000.00
597,632.81
0.00 0.00
597,632.81
9,762.43
11,625.00
63.18 1,925.75
0.00 0.00
0.00 1,925.75
1,925.75
91282CNN7 UNITED STATES TREASURY
3.875 07/31/2030
08/26/2025
08/27/2025
500,000.00
502,402.34
0.00 0.00
502,402.34
6,476.17
0.00 8,081.84
1,605.66
0.00 0.00
0.00 1,605.66
1,605.66
91282CPD7 UNITED STATES TREASURY
3.625 10/31/2030
12/09/2025
12/10/2025
500,000.00
496,640.63
0.00 0.00
496,640.63
1,576.09
0.00 3,053.67
1,477.58
0.00 0.00
0.00 1,477.58
1,477.58
91282CQG9 UNITED STATES TREASURY
3.875 03/31/2031
04/27/2026
04/28/2026
250,000.00
249,404.30
0.00 0.00
249,404.30
1,641.05
0.00 2,435.11
794.06
0.00 0.00
0.00 794.06
794.06
91282CQK0 UNITED STATES TREASURY
3.875 04/30/2031
05/26/2026
05/27/2026
650,000.00
640,960.94
0.00 0.00
640,960.94
2,190.22
0.00 4,243.55
2,053.33
0.00 0.00
0.00 2,053.33
2,053.33
92826CAZ5 VISA INC 4.1 02/12/2031
02/03/2026
02/12/2026
265,000.00
264,644.90
0.00 0.00
264,644.90
3,289.68
0.00 4,195.10
905.42
0.00 0.00
0.00 905.42
905.42
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
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030
09/04/2025
09/05/2025
325,000.00
329,125.98
0.00 0.00
329,125.98
626.89
1,175.42
626.89
1,175.42
0.00 0.00
0.00 1,175.42
1,175.42
Total Fixed Income 40,840,009.20
40,349,678.55
1,268,877.27
(1,275,985.91)
40,342,569.91
363,487.96
170,401.06
362,355.67
169,268.77
0.00 0.00
0.00 169,268.77 169,268.77
CONFIDENTIAL | 34
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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
TOTAL PORTFOLIO 41,073,794.23
40,428,174.72
1,983,863.35
(1,801,055.61)
40,576,354.94
363,487.96
170,681.78
362,355.67
169,549.49
0.00 0.00
0.00 169,549.49 169,549.49
CONFIDENTIAL | 35
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JULY 2026
07/01/2026 Coupon 74464AAC5 0.00 PUBLIC STORAGE OPERATING CO 4.375 07/01/2030 10,937.50 10,937.50
07/01/2026 Coupon 74456QCX2 0.00 PUBLIC SERVICE ELECTRIC AND GAS CO 4.2 01/01/2031 10,150.00 10,150.00
07/01/2026 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 403.20 403.20 07/09/2026 Coupon 89236TNA9 330,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 8,167.50 8,167.50 07/13/2026 Coupon 459058KT9 225,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 3,937.50 3,937.50
07/13/2026 Coupon 45950KDD9 230,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 5,175.00 5,175.00
07/15/2026 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 07/15/2026 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 07/15/2026 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 07/15/2026 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 07/15/2026 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 232.69 232.69 07/15/2026 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 4,088.90 4,088.90 07/15/2026 Coupon 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 586.31 586.31 07/15/2026 Principal Paydown 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 18,370.62 18,370.62 07/15/2026 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 227.59 227.59 07/15/2026 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 2,776.30 2,776.30 07/15/2026 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 477.98 477.98 07/15/2026 Principal Paydown 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 14,831.73 14,831.73 07/15/2026 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 07/15/2026 Coupon 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 192.39 192.39 07/15/2026 Principal Paydown 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 6,854.67 6,854.67 07/15/2026 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 07/15/2026 Coupon 74340XCQ2 450,000.00 PROLOGIS LP 4.75 01/15/2031 10,687.50 10,687.50 07/15/2026 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 07/15/2026 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 418.93 418.93 07/15/2026 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 6,870.16 6,870.16 07/15/2026 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 CONFIDENTIAL | 36
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2026 Coupon 91282CKZ3 650,000.00 UNITED STATES TREASURY 4.375 07/15/2027 14,218.75 14,218.75 07/15/2026 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 07/15/2026 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 07/17/2026 Coupon 713448FX1 400,000.00 PEPSICO INC 4.5 07/17/2029 9,000.00 9,000.00 07/20/2026 Coupon 025816EJ4 325,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 7,070.38 7,070.38 07/23/2026 Coupon 06051GHV4 250,000.00 BANK OF AMERICA CORP 3.194 07/23/2030 3,992.50 3,992.50 07/23/2026 Coupon 3133ERMB4 650,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.25 07/23/2027 13,812.50 13,812.50
07/23/2026 Coupon 46647PEB8 300,000.00 JPMORGAN CHASE & CO 5.012 01/23/2030 7,518.00 7,518.00 07/27/2026 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 678.21 678.21 07/27/2026 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 369.17 369.17 07/27/2026 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 355.78 355.78 07/27/2026 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 5,624.96 5,624.96 07/27/2026 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 07/27/2026 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 07/27/2026 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 07/27/2026 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,275.59 1,275.59 07/27/2026 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 906.33 906.33 07/27/2026 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 07/27/2026 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 07/27/2026 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,212.63 1,212.63 07/27/2026 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 441.65 441.65 07/27/2026 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 07/27/2026 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 07/27/2026 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 851.41 851.41 07/27/2026 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 425.42 425.42 07/27/2026 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 07/27/2026 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 07/27/2026 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 07/31/2026 Coupon 91282CGH8 500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 8,750.00 8,750.00 07/31/2026 Coupon 91282CHQ7 350,000.00 UNITED STATES TREASURY 4.125 07/31/2028 7,218.75 7,218.75 07/31/2026 Coupon 91282CJW2 650,000.00 UNITED STATES TREASURY 4.0 01/31/2029 13,000.00 13,000.00 CONFIDENTIAL | 37
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/31/2026 Coupon 91282CLC3 500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 10,000.00 10,000.00 07/31/2026 Coupon 91282CMG3 500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 10,625.00 10,625.00 07/31/2026 Coupon 91282CNN7 500,000.00 UNITED STATES TREASURY 3.875 07/31/2030 9,687.50 9,687.50 July 2026 Total 61,593.93 186,859.47 248,453.41
AUGUST 2026
08/03/2026 Coupon 13063EGT7 395,000.00 CALIFORNIA STATE 4.5 08/01/2029 8,887.50 8,887.50 08/03/2026 Coupon 756109CW2 470,000.00 REALTY INCOME CORP 3.95 02/01/2029 9,282.50 9,282.50 08/10/2026 Coupon 89236TMK8 450,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 10,237.50 10,237.50 08/12/2026 Coupon 532457CV8 500,000.00 ELI LILLY AND CO 4.75 02/12/2030 11,875.00 11,875.00 08/12/2026 Coupon 92826CAZ5 265,000.00 VISA INC 4.1 02/12/2031 5,432.50 5,432.50 08/17/2026 Coupon 02079KBK2 400,000.00 ALPHABET INC 4.1 02/15/2031 8,291.11 8,291.11 08/17/2026 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 08/17/2026 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 08/17/2026 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 08/17/2026 Coupon 171239AL0 450,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 10,462.50 10,462.50 08/17/2026 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 08/17/2026 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 215.69 215.69 08/17/2026 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 3,979.08 3,979.08 08/17/2026 Coupon 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 502.41 502.41 08/17/2026 Principal Paydown 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 17,887.05 17,887.05 08/17/2026 Coupon 4581X0EN4 400,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 8,250.00 8,250.00
08/17/2026 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 215.56 215.56 08/17/2026 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 2,912.67 2,912.67 08/17/2026 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 410.25 410.25 08/17/2026 Principal Paydown 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 10,596.60 10,596.60 08/17/2026 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 08/17/2026 Coupon 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 162.00 162.00 08/17/2026 Principal Paydown 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 6,877.70 6,877.70 08/17/2026 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 08/17/2026 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 08/17/2026 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 393.74 393.74 CONFIDENTIAL | 38
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 6,671.08 6,671.08 08/17/2026 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 08/17/2026 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 08/17/2026 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 08/25/2026 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 678.21 678.21 08/25/2026 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 369.17 369.17 08/25/2026 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 331.50 331.50 08/25/2026 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 5,479.31 5,479.31 08/25/2026 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 08/25/2026 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 08/25/2026 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 08/25/2026 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,273.18 1,273.18 08/25/2026 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 856.65 856.65 08/25/2026 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 08/25/2026 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 08/25/2026 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,211.12 1,211.12 08/25/2026 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 444.29 444.29 08/25/2026 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 08/25/2026 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 08/25/2026 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 850.35 850.35 08/25/2026 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 394.52 394.52 08/25/2026 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 08/25/2026 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 08/25/2026 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 08/25/2026 Coupon 63743HFZ0 400,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.15 08/25/2028 8,300.00 8,300.00
08/26/2026 Coupon 17275RBR2 140,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 3,395.00 3,395.00 08/31/2026 Coupon 91282CFH9 650,000.00 UNITED STATES TREASURY 3.125 08/31/2027 10,156.25 10,156.25 08/31/2026 Coupon 91282CGP0 500,000.00 UNITED STATES TREASURY 4.0 02/29/2028 10,000.00 10,000.00 08/31/2026 Coupon 91282CLK5 500,000.00 UNITED STATES TREASURY 3.625 08/31/2029 9,062.50 9,062.50 August 2026 Total 56,098.95 136,277.96 192,376.92
SEPTEMBER 2026
CONFIDENTIAL | 39
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/08/2026 Coupon 02665WFY2 325,000.00 AMERICAN HONDA FINANCE CORP 4.8 03/05/2030 7,800.00 7,800.00
09/08/2026 Coupon 3130AWTR1 300,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 6,562.50 6,562.50
09/10/2026 Coupon 3130ATS57 500,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 11,250.00 11,250.00 09/15/2026 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 09/15/2026 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 09/15/2026 Coupon 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,204.00 1,204.00 09/15/2026 Effective Maturity 161571HT4 280,000.00 CHAIT 2023-1 A 5.16 09/15/2028 280,000.00 280,000.00 09/15/2026 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 09/15/2026 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 199.14 199.14 09/15/2026 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 3,719.76 3,719.76 09/15/2026 Coupon 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 420.73 420.73 09/15/2026 Principal Paydown 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 17,577.26 17,577.26 09/15/2026 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 202.94 202.94 09/15/2026 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 3,219.68 3,219.68 09/15/2026 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 361.86 361.86 09/15/2026 Principal Paydown 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 7,791.39 7,791.39 09/15/2026 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 09/15/2026 Coupon 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 131.51 131.51 09/15/2026 Principal Paydown 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 7,372.07 7,372.07 09/15/2026 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 09/15/2026 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 09/15/2026 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 369.28 369.28 09/15/2026 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 6,537.22 6,537.22 09/15/2026 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 09/15/2026 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 09/15/2026 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 09/21/2026 Coupon 459058LR2 235,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 4,846.88 4,846.88
09/22/2026 Coupon 3133EPWK7 500,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.5 09/22/2028 11,250.00 11,250.00
CONFIDENTIAL | 40
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/24/2026 Coupon 3135G0Q22 350,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
1.875 09/24/2026 3,281.25 3,281.25
09/24/2026 Final Maturity 3135G0Q22 350,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
1.875 09/24/2026 350,000.00 350,000.00
09/25/2026 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 678.21 678.21 09/25/2026 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 369.17 369.17 09/25/2026 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 307.84 307.84 09/25/2026 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 5,381.10 5,381.10 09/25/2026 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 09/25/2026 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 09/25/2026 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 09/25/2026 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,270.91 1,270.91 09/25/2026 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 859.47 859.47 09/25/2026 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 09/25/2026 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 09/25/2026 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,209.72 1,209.72 09/25/2026 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 445.80 445.80 09/25/2026 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 09/25/2026 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 09/25/2026 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 849.37 849.37 09/25/2026 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 395.21 395.21 09/25/2026 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 09/25/2026 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 09/25/2026 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 09/30/2026 Coupon 91282CEF4 650,000.00 UNITED STATES TREASURY 2.5 03/31/2027 8,125.00 8,125.00 09/30/2026 Coupon 91282CFL0 350,000.00 UNITED STATES TREASURY 3.875 09/30/2029 6,781.25 6,781.25 09/30/2026 Coupon 91282CGT2 350,000.00 UNITED STATES TREASURY 3.625 03/31/2028 6,343.75 6,343.75 09/30/2026 Coupon 91282CJA0 350,000.00 UNITED STATES TREASURY 4.625 09/30/2028 8,093.75 8,093.75 09/30/2026 Coupon 91282CKG5 650,000.00 UNITED STATES TREASURY 4.125 03/31/2029 13,406.25 13,406.25 09/30/2026 Coupon 91282CMU2 500,000.00 UNITED STATES TREASURY 4.0 03/31/2030 10,000.00 10,000.00 09/30/2026 Coupon 91282CQG9 250,000.00 UNITED STATES TREASURY 3.875 03/31/2031 4,843.75 4,843.75 CONFIDENTIAL | 41
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount September 2026
Total 683,298.98 124,987.48 808,286.46
OCTOBER 2026
10/13/2026 Coupon 3133ERAK7 400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.375 04/10/2029 8,750.00 8,750.00
10/15/2026 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 10/15/2026 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 10/15/2026 Coupon 24422EYF0 500,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 10,937.50 10,937.50 10/15/2026 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 10/15/2026 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 183.68 183.68 10/15/2026 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 3,556.68 3,556.68 10/15/2026 Coupon 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 340.46 340.46 10/15/2026 Principal Paydown 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 17,001.27 17,001.27 10/15/2026 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 188.98 188.98 10/15/2026 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 3,054.57 3,054.57 10/15/2026 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 326.28 326.28 10/15/2026 Principal Paydown 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 9,367.99 9,367.99 10/15/2026 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 10/15/2026 Coupon 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 98.83 98.83 10/15/2026 Principal Paydown 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 7,695.34 7,695.34 10/15/2026 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 10/15/2026 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 10/15/2026 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 345.31 345.31 10/15/2026 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 6,275.94 6,275.94 10/15/2026 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 10/15/2026 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 10/15/2026 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 10/19/2026 Coupon 61748UAK8 290,000.00 MORGAN STANLEY 4.133 10/18/2029 5,992.85 5,992.85 10/26/2026 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 678.21 678.21 10/26/2026 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 369.17 369.17 10/26/2026 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 284.62 284.62 10/26/2026 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 4,925.86 4,925.86 CONFIDENTIAL | 42
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/26/2026 Coupon 3133EPGW9 250,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
3.875 04/25/2028 4,843.75 4,843.75
10/26/2026 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 10/26/2026 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 10/26/2026 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 10/26/2026 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,268.62 1,268.62 10/26/2026 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 914.68 914.68 10/26/2026 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 10/26/2026 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 10/26/2026 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,208.32 1,208.32 10/26/2026 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 486.05 486.05 10/26/2026 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 10/26/2026 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 10/26/2026 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 848.39 848.39 10/26/2026 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 427.30 427.30 10/26/2026 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 10/26/2026 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 10/26/2026 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 10/29/2026 Coupon 06051GJB6 350,000.00 BANK OF AMERICA CORP 2.592 04/29/2031 4,536.00 4,536.00 10/30/2026 Coupon 3133ERDH1 500,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.75 04/30/2029 11,875.00 11,875.00
October 2026 Total 53,705.68 67,904.39 121,610.07
NOVEMBER 2026
11/02/2026 Coupon 194162AT0 210,000.00 COLGATE-PALMOLIVE CO 4.2 05/01/2030 4,410.00 4,410.00 11/02/2026 Coupon 91282CFU0 650,000.00 UNITED STATES TREASURY 4.125 10/31/2027 13,406.25 13,406.25 11/02/2026 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 11/02/2026 Coupon 91282CPD7 500,000.00 UNITED STATES TREASURY 3.625 10/31/2030 9,062.50 9,062.50 11/02/2026 Coupon 91282CQK0 650,000.00 UNITED STATES TREASURY 3.875 04/30/2031 12,593.75 12,593.75 11/16/2026 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 11/16/2026 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 11/16/2026 Coupon 14913UAU4 150,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 3,525.00 3,525.00
CONFIDENTIAL | 43
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/16/2026 Coupon 14913V2D9 355,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.5 05/15/2031 7,987.50 7,987.50
11/16/2026 Coupon 30303MAB8 450,000.00 META PLATFORMS INC 4.2 11/15/2030 9,450.00 9,450.00 11/16/2026 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 11/16/2026 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 168.89 168.89 11/16/2026 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 3,488.20 3,488.20 11/16/2026 Coupon 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 262.82 262.82 11/16/2026 Principal Paydown 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 16,684.69 16,684.69 11/16/2026 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 175.75 175.75 11/16/2026 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 3,621.02 3,621.02 11/16/2026 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 283.49 283.49 11/16/2026 Principal Paydown 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 10,196.23 10,196.23 11/16/2026 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 11/16/2026 Coupon 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 64.71 64.71 11/16/2026 Principal Paydown 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 5,944.67 5,944.67 11/16/2026 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 11/16/2026 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 11/16/2026 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 322.30 322.30 11/16/2026 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 6,053.39 6,053.39 11/16/2026 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 11/16/2026 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 11/16/2026 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 11/20/2026 Coupon 3133ERFJ5 450,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.5 05/20/2027 10,125.00 10,125.00
11/23/2026 Coupon 00287YBX6 400,000.00 ABBVIE INC 3.2 11/21/2029 6,400.00 6,400.00 11/25/2026 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 678.21 678.21 11/25/2026 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 369.17 369.17 11/25/2026 Principal Paydown 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 5,177.66 5,177.66 11/25/2026 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 263.35 263.35 11/25/2026 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 4,830.79 4,830.79 11/25/2026 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 11/25/2026 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 CONFIDENTIAL | 44
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2026 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 11/25/2026 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,266.19 1,266.19 11/25/2026 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 865.33 865.33 11/25/2026 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 11/25/2026 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 11/25/2026 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,206.79 1,206.79 11/25/2026 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 449.01 449.01 11/25/2026 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 11/25/2026 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 11/25/2026 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 847.32 847.32 11/25/2026 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 396.72 396.72 11/25/2026 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 11/25/2026 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 11/25/2026 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 11/30/2026 Coupon 91282CHE4 500,000.00 UNITED STATES TREASURY 3.625 05/31/2028 9,062.50 9,062.50 11/30/2026 Coupon 91282CKT7 500,000.00 UNITED STATES TREASURY 4.5 05/31/2029 11,250.00 11,250.00 11/30/2026 Coupon 91282CMA6 700,000.00 UNITED STATES TREASURY 4.125 11/30/2029 14,437.50 14,437.50 November 2026
Total 57,707.73 142,134.93 199,842.66
DECEMBER 2026
12/01/2026 Coupon 26444HAT8 500,000.00 DUKE ENERGY FLORIDA LLC 4.2 12/01/2030 10,500.00 10,500.00 12/08/2026 Coupon 3130AXQK7 650,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 15,437.50 15,437.50 12/08/2026 Coupon 57636QBL7 345,000.00 MASTERCARD INC 4.6 06/08/2031 7,935.00 7,935.00 12/15/2026 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 12/15/2026 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 12/15/2026 Coupon 341081GT8 300,000.00 FLORIDA POWER & LIGHT CO 5.15 06/15/2029 7,725.00 7,725.00 12/15/2026 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 12/15/2026 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 154.38 154.38 12/15/2026 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 3,319.64 3,319.64 12/15/2026 Coupon 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 186.63 186.63 12/15/2026 Principal Paydown 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 16,005.07 16,005.07 12/15/2026 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 160.06 160.06 CONFIDENTIAL | 45
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2026 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 2,393.82 2,393.82 12/15/2026 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 236.93 236.93 12/15/2026 Principal Paydown 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 7,002.13 7,002.13 12/15/2026 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 12/15/2026 Coupon 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 38.36 38.36 12/15/2026 Principal Paydown 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 6,407.15 6,407.15 12/15/2026 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 12/15/2026 Coupon 67066GAR5 210,000.00 NVIDIA CORP 4.5 06/15/2031 4,646.25 4,646.25 12/15/2026 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 12/15/2026 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 300.11 300.11 12/15/2026 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 5,425.17 5,425.17 12/15/2026 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 12/15/2026 Coupon 91282CKV2 650,000.00 UNITED STATES TREASURY 4.625 06/15/2027 15,031.25 15,031.25 12/15/2026 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 12/15/2026 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 12/25/2026 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 678.21 678.21 12/25/2026 Principal Paydown 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,215.94 2,215.94 12/25/2026 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 350.05 350.05 12/25/2026 Principal Paydown 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 12,796.20 12,796.20 12/25/2026 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 242.50 242.50 12/25/2026 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 4,610.18 4,610.18 12/25/2026 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 12/25/2026 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 12/25/2026 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 12/25/2026 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,263.90 1,263.90 12/25/2026 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 920.35 920.35 12/25/2026 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 12/25/2026 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 12/25/2026 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,205.38 1,205.38 12/25/2026 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 489.10 489.10 12/25/2026 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 12/25/2026 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 CONFIDENTIAL | 46
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2026 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 846.34 846.34 12/25/2026 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 428.58 428.58 12/25/2026 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 12/25/2026 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 12/25/2026 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 12/28/2026 Coupon 437076DC3 500,000.00 HOME DEPOT INC 4.75 06/25/2029 11,875.00 11,875.00 12/31/2026 Coupon 91282CGC9 350,000.00 UNITED STATES TREASURY 3.875 12/31/2027 6,781.25 6,781.25 12/31/2026 Coupon 91282CHK0 500,000.00 UNITED STATES TREASURY 4.0 06/30/2028 10,000.00 10,000.00 12/31/2026 Coupon 91282CJR3 400,000.00 UNITED STATES TREASURY 3.75 12/31/2028 7,500.00 7,500.00 12/31/2026 Coupon 91282CKX8 650,000.00 UNITED STATES TREASURY 4.25 06/30/2029 13,812.50 13,812.50 12/31/2026 Coupon 91282CNK3 600,000.00 UNITED STATES TREASURY 3.875 06/30/2030 11,625.00 11,625.00 December 2026
Total 62,013.33 143,360.02 205,373.34
JANUARY 2027
01/04/2027 Coupon 74456QCX2 500,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 4.2 01/01/2031 10,500.00 10,500.00
01/04/2027 Coupon 74464AAC5 500,000.00 PUBLIC STORAGE OPERATING CO 4.375 07/01/2030 10,937.50 10,937.50
01/11/2027 Coupon 89236TNA9 330,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 8,167.50 8,167.50 01/12/2027 Coupon 459058KT9 225,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 3,937.50 3,937.50
01/13/2027 Coupon 45950KDD9 230,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 5,175.00 5,175.00
01/15/2027 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 01/15/2027 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 01/15/2027 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 01/15/2027 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 140.58 140.58 01/15/2027 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 3,266.33 3,266.33 01/15/2027 Coupon 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 113.54 113.54 01/15/2027 Principal Paydown 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 15,752.68 15,752.68 01/15/2027 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 149.68 149.68 01/15/2027 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 3,429.93 3,429.93 01/15/2027 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 204.96 204.96 CONFIDENTIAL | 47
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2027 Principal Paydown 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 10,803.37 10,803.37 01/15/2027 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 652.13 652.13 01/15/2027 Principal Paydown 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 1,784.91 1,784.91 01/15/2027 Coupon 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 9.95 9.95 01/15/2027 Effective Maturity 58770JAD6 46,985.24 MBALT 2024-A A3 5.32 01/18/2028 2,244.35 2,244.35 01/15/2027 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 01/15/2027 Coupon 74340XCQ2 450,000.00 PROLOGIS LP 4.75 01/15/2031 10,687.50 10,687.50 01/15/2027 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 434.00 434.00 01/15/2027 Principal Paydown 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 862.84 862.84 01/15/2027 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 280.21 280.21 01/15/2027 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 5,329.62 5,329.62 01/15/2027 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 01/15/2027 Coupon 91282CKZ3 650,000.00 UNITED STATES TREASURY 4.375 07/15/2027 14,218.75 14,218.75 01/15/2027 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 01/15/2027 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 01/19/2027 Coupon 713448FX1 400,000.00 PEPSICO INC 4.5 07/17/2029 9,000.00 9,000.00 01/20/2027 Coupon 025816EJ4 325,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 7,070.38 7,070.38 01/25/2027 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 670.88 670.88 01/25/2027 Principal Paydown 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 25,908.79 25,908.79 01/25/2027 Coupon 06051GHV4 250,000.00 BANK OF AMERICA CORP 3.194 07/23/2030 3,992.50 3,992.50 01/25/2027 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 302.81 302.81 01/25/2027 Principal Paydown 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 14,414.08 14,414.08 01/25/2027 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 222.60 222.60 01/25/2027 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 4,533.77 4,533.77 01/25/2027 Coupon 3133ERMB4 650,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.25 07/23/2027 13,812.50 13,812.50
01/25/2027 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 01/25/2027 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 01/25/2027 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 825.12 825.12 01/25/2027 Principal Paydown 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 344.82 344.82 01/25/2027 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,261.45 1,261.45 01/25/2027 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 871.23 871.23 CONFIDENTIAL | 48
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/25/2027 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 01/25/2027 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 01/25/2027 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,203.84 1,203.84 01/25/2027 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 452.23 452.23 01/25/2027 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 01/25/2027 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 01/25/2027 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 845.27 845.27 01/25/2027 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 398.21 398.21 01/25/2027 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 01/25/2027 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 01/25/2027 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 01/25/2027 Coupon 46647PEB8 300,000.00 JPMORGAN CHASE & CO 5.012 01/23/2030 7,518.00 7,518.00 January 2027 Total 90,397.14 125,251.33 215,648.47
FEBRUARY 2027
02/01/2027 Coupon 13063EGT7 395,000.00 CALIFORNIA STATE 4.5 08/01/2029 8,887.50 8,887.50 02/01/2027 Coupon 756109CW2 470,000.00 REALTY INCOME CORP 3.95 02/01/2029 9,282.50 9,282.50 02/01/2027 Coupon 91282CGH8 500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 8,750.00 8,750.00 02/01/2027 Coupon 91282CHQ7 350,000.00 UNITED STATES TREASURY 4.125 07/31/2028 7,218.75 7,218.75 02/01/2027 Coupon 91282CJW2 650,000.00 UNITED STATES TREASURY 4.0 01/31/2029 13,000.00 13,000.00 02/01/2027 Coupon 91282CLC3 500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 10,000.00 10,000.00 02/01/2027 Coupon 91282CMG3 500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 10,625.00 10,625.00 02/01/2027 Coupon 91282CNN7 500,000.00 UNITED STATES TREASURY 3.875 07/31/2030 9,687.50 9,687.50 02/09/2027 Coupon 89236TMK8 450,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 10,237.50 10,237.50 02/12/2027 Coupon 532457CV8 500,000.00 ELI LILLY AND CO 4.75 02/12/2030 11,875.00 11,875.00 02/12/2027 Coupon 92826CAZ5 265,000.00 VISA INC 4.1 02/12/2031 5,432.50 5,432.50 02/15/2027 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 02/15/2027 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 432.29 432.29 02/15/2027 Principal Paydown 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 6,474.43 6,474.43 02/15/2027 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 126.99 126.99 02/15/2027 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 3,232.24 3,232.24 02/15/2027 Coupon 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 41.60 41.60 02/15/2027 Effective Maturity 44933XAD9 122,605.45 HART 2023-B A3 5.48 04/17/2028 9,109.44 9,109.44 CONFIDENTIAL | 49
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2027 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 134.82 134.82 02/15/2027 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 3,108.27 3,108.27 02/15/2027 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 155.62 155.62 02/15/2027 Principal Paydown 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 10,090.27 10,090.27 02/15/2027 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 645.83 645.83 02/15/2027 Principal Paydown 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 12,670.68 12,670.68 02/15/2027 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 02/15/2027 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 430.88 430.88 02/15/2027 Principal Paydown 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 6,446.53 6,446.53 02/15/2027 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 260.67 260.67 02/15/2027 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 5,269.09 5,269.09 02/15/2027 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 02/16/2027 Coupon 02079KBK2 400,000.00 ALPHABET INC 4.1 02/15/2031 8,200.00 8,200.00 02/16/2027 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 02/16/2027 Coupon 171239AL0 450,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 10,462.50 10,462.50 02/16/2027 Coupon 4581X0EN4 400,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 8,250.00 8,250.00
02/16/2027 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 02/16/2027 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 02/25/2027 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 585.16 585.16 02/25/2027 Principal Paydown 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 19,179.42 19,179.42 02/25/2027 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 249.60 249.60 02/25/2027 Principal Paydown 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 12,092.04 12,092.04 02/25/2027 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 203.03 203.03 02/25/2027 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 4,480.70 4,480.70 02/25/2027 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 02/25/2027 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 02/25/2027 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 824.20 824.20 02/25/2027 Principal Paydown 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 507.77 507.77 02/25/2027 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,259.14 1,259.14 02/25/2027 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 874.10 874.10 02/25/2027 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 CONFIDENTIAL | 50
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2027 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 02/25/2027 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,202.42 1,202.42 02/25/2027 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 453.77 453.77 02/25/2027 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 02/25/2027 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 02/25/2027 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 844.28 844.28 02/25/2027 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 398.89 398.89 02/25/2027 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 02/25/2027 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 02/25/2027 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 02/25/2027 Coupon 63743HFZ0 400,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.15 08/25/2028 8,300.00 8,300.00
02/26/2027 Coupon 17275RBR2 140,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 3,395.00 3,395.00 February 2027
Total 94,387.66 163,485.19 257,872.85
MARCH 2027
03/01/2027 Coupon 91282CFH9 650,000.00 UNITED STATES TREASURY 3.125 08/31/2027 10,156.25 10,156.25 03/01/2027 Coupon 91282CGP0 500,000.00 UNITED STATES TREASURY 4.0 02/29/2028 10,000.00 10,000.00 03/01/2027 Coupon 91282CLK5 500,000.00 UNITED STATES TREASURY 3.625 08/31/2029 9,062.50 9,062.50 03/05/2027 Coupon 02665WFY2 325,000.00 AMERICAN HONDA FINANCE CORP 4.8 03/05/2030 7,800.00 7,800.00
03/08/2027 Coupon 3130AWTR1 300,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 6,562.50 6,562.50
03/10/2027 Coupon 3130ATS57 500,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 11,250.00 11,250.00 03/15/2027 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 03/15/2027 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 03/15/2027 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 409.90 409.90 03/15/2027 Principal Paydown 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 7,334.33 7,334.33 03/15/2027 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 113.55 113.55 03/15/2027 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 3,146.70 3,146.70 03/15/2027 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 121.35 121.35 03/15/2027 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 3,064.93 3,064.93 CONFIDENTIAL | 51
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2027 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 109.54 109.54 03/15/2027 Principal Paydown 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 7,614.02 7,614.02 03/15/2027 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 601.17 601.17 03/15/2027 Principal Paydown 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 9,222.91 9,222.91 03/15/2027 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 03/15/2027 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 407.56 407.56 03/15/2027 Principal Paydown 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 6,251.65 6,251.65 03/15/2027 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 241.35 241.35 03/15/2027 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 5,120.71 5,120.71 03/15/2027 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 03/15/2027 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 03/15/2027 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 03/22/2027 Coupon 3133EPWK7 500,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.5 09/22/2028 11,250.00 11,250.00
03/22/2027 Coupon 459058LR2 235,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 4,846.88 4,846.88
03/25/2027 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 521.71 521.71 03/25/2027 Principal Paydown 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 19,499.32 19,499.32 03/25/2027 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 204.96 204.96 03/25/2027 Principal Paydown 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 13,689.71 13,689.71 03/25/2027 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 183.69 183.69 03/25/2027 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 3,956.77 3,956.77 03/25/2027 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 03/25/2027 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 03/25/2027 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 822.85 822.85 03/25/2027 Principal Paydown 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 4,179.37 4,179.37 03/25/2027 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,256.82 1,256.82 03/25/2027 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,032.55 1,032.55 03/25/2027 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 03/25/2027 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 03/25/2027 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,201.00 1,201.00 03/25/2027 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 570.27 570.27 CONFIDENTIAL | 52
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/25/2027 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 03/25/2027 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 03/25/2027 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 843.29 843.29 03/25/2027 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 492.13 492.13 03/25/2027 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 03/25/2027 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 03/25/2027 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 03/31/2027 Coupon 91282CEF4 650,000.00 UNITED STATES TREASURY 2.5 03/31/2027 8,125.00 8,125.00 03/31/2027 Final Maturity 91282CEF4 650,000.00 UNITED STATES TREASURY 2.5 03/31/2027 650,000.00 650,000.00 03/31/2027 Coupon 91282CFL0 350,000.00 UNITED STATES TREASURY 3.875 09/30/2029 6,781.25 6,781.25 03/31/2027 Coupon 91282CGT2 350,000.00 UNITED STATES TREASURY 3.625 03/31/2028 6,343.75 6,343.75 03/31/2027 Coupon 91282CJA0 350,000.00 UNITED STATES TREASURY 4.625 09/30/2028 8,093.75 8,093.75 03/31/2027 Coupon 91282CKG5 650,000.00 UNITED STATES TREASURY 4.125 03/31/2029 13,406.25 13,406.25 03/31/2027 Coupon 91282CMU2 500,000.00 UNITED STATES TREASURY 4.0 03/31/2030 10,000.00 10,000.00 03/31/2027 Coupon 91282CQG9 250,000.00 UNITED STATES TREASURY 3.875 03/31/2031 4,843.75 4,843.75 March 2027 Total 735,175.35 148,045.52 883,220.87
APRIL 2027
04/12/2027 Coupon 3133ERAK7 400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.375 04/10/2029 8,750.00 8,750.00
04/15/2027 Coupon 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 479.42 479.42 04/15/2027 Effective Maturity 02582JKH2 110,000.00 AMXCA 2024-1 A 5.23 04/16/2029 110,000.00 110,000.00 04/15/2027 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 04/15/2027 Coupon 24422EYF0 500,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 10,937.50 10,937.50 04/15/2027 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 384.54 384.54 04/15/2027 Principal Paydown 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 7,590.48 7,590.48 04/15/2027 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 100.47 100.47 04/15/2027 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 3,248.93 3,248.93 04/15/2027 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 108.07 108.07 04/15/2027 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 3,241.36 3,241.36 04/15/2027 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 74.77 74.77 04/15/2027 Principal Paydown 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 10,233.14 10,233.14 04/15/2027 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 568.66 568.66 CONFIDENTIAL | 53
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2027 Principal Paydown 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 11,050.80 11,050.80 04/15/2027 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 04/15/2027 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 384.95 384.95 04/15/2027 Principal Paydown 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 6,542.28 6,542.28 04/15/2027 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 222.58 222.58 04/15/2027 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 5,292.92 5,292.92 04/15/2027 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 04/15/2027 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 04/15/2027 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 04/19/2027 Coupon 61748UAK8 290,000.00 MORGAN STANLEY 4.133 10/18/2029 5,992.85 5,992.85 04/26/2027 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 457.20 457.20 04/26/2027 Principal Paydown 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 20,607.21 20,607.21 04/26/2027 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 154.42 154.42 04/26/2027 Principal Paydown 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 11,818.73 11,818.73 04/26/2027 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 166.61 166.61 04/26/2027 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 4,035.06 4,035.06 04/26/2027 Coupon 3133EPGW9 250,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
3.875 04/25/2028 4,843.75 4,843.75
04/26/2027 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 04/26/2027 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 04/26/2027 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 811.72 811.72 04/26/2027 Principal Paydown 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 11,170.22 11,170.22 04/26/2027 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,254.07 1,254.07 04/26/2027 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 880.41 880.41 04/26/2027 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 04/26/2027 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 04/26/2027 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,199.20 1,199.20 04/26/2027 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 457.34 457.34 04/26/2027 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 04/26/2027 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 04/26/2027 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 842.07 842.07 04/26/2027 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 400.61 400.61 CONFIDENTIAL | 54
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/26/2027 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 04/26/2027 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 04/26/2027 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 04/29/2027 Coupon 06051GJB6 350,000.00 BANK OF AMERICA CORP 2.592 04/29/2031 4,536.00 4,536.00 04/30/2027 Coupon 3133ERDH1 500,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.75 04/30/2029 11,875.00 11,875.00
04/30/2027 Coupon 91282CFU0 650,000.00 UNITED STATES TREASURY 4.125 10/31/2027 13,406.25 13,406.25 04/30/2027 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 04/30/2027 Coupon 91282CPD7 500,000.00 UNITED STATES TREASURY 3.625 10/31/2030 9,062.50 9,062.50 04/30/2027 Coupon 91282CQK0 650,000.00 UNITED STATES TREASURY 3.875 04/30/2031 12,593.75 12,593.75 April 2027 Total 206,569.50 110,899.33 317,468.83
MAY 2027
05/03/2027 Coupon 194162AT0 210,000.00 COLGATE-PALMOLIVE CO 4.2 05/01/2030 4,410.00 4,410.00 05/17/2027 Coupon 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 554.63 554.63 05/17/2027 Effective Maturity 05522RDJ4 135,000.00 BACCT 2024-1 A 4.93 05/15/2029 135,000.00 135,000.00 05/17/2027 Coupon 14913UAU4 150,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 3,525.00 3,525.00
05/17/2027 Coupon 14913V2D9 355,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.5 05/15/2031 7,987.50 7,987.50
05/17/2027 Coupon 30303MAB8 450,000.00 META PLATFORMS INC 4.2 11/15/2030 9,450.00 9,450.00 05/17/2027 Coupon 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 358.29 358.29 05/17/2027 Principal Paydown 437921AD1 125,000.00 HAROT 252 A3 4.15 10/15/2029 7,300.59 7,300.59 05/17/2027 Coupon 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 86.96 86.96 05/17/2027 Principal Paydown 448973AD9 54,467.78 HART 2024-A A3 4.99 02/15/2029 3,135.74 3,135.74 05/17/2027 Coupon 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 94.02 94.02 05/17/2027 Principal Paydown 47786WAD2 52,450.16 JDOT 2024-B A3 5.2 03/15/2029 2,855.33 2,855.33 05/17/2027 Coupon 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 28.04 28.04 05/17/2027 Effective Maturity 47787CAC7 105,948.91 JDOT 2023-C A3 5.48 05/15/2028 6,140.00 6,140.00 05/17/2027 Coupon 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 529.70 529.70 05/17/2027 Principal Paydown 47800DAD6 185,000.00 JDOT 2025 A3 4.23 09/17/2029 11,560.95 11,560.95 05/17/2027 Coupon 58770YAD3 110,000.00 MBALT 2026-A A3 3.93 01/15/2030 360.25 360.25 05/17/2027 Coupon 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 361.29 361.29 CONFIDENTIAL | 55
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/17/2027 Principal Paydown 89231HAD8 120,000.00 TAOT 2025-B A3 4.34 11/15/2029 6,278.72 6,278.72 05/17/2027 Coupon 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 203.17 203.17 05/17/2027 Principal Paydown 89239TAD4 114,254.72 TAOT 2024-D A3 4.4 06/15/2029 5,015.99 5,015.99 05/17/2027 Coupon 89240QAD7 150,000.00 TAOT 2026-B A3 4.13 12/16/2030 516.25 516.25 05/17/2027 Coupon 92970QAE5 210,000.00 WFCIT 2024-2 A 4.29 10/15/2029 750.75 750.75 05/17/2027 Coupon 92970QAJ4 325,000.00 WFCIT 2025-1 A 4.34 05/15/2030 1,175.42 1,175.42 05/20/2027 Coupon 3133ERFJ5 450,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.5 05/20/2027 10,125.00 10,125.00
05/20/2027 Final Maturity 3133ERFJ5 450,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.5 05/20/2027 450,000.00 450,000.00
05/21/2027 Coupon 00287YBX6 400,000.00 ABBVIE INC 3.2 11/21/2029 6,400.00 6,400.00 05/25/2027 Coupon 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 389.02 389.02 05/25/2027 Principal Paydown 05594HAD5 205,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 19,416.72 19,416.72 05/25/2027 Coupon 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 110.79 110.79 05/25/2027 Principal Paydown 096912AD2 100,000.00 BMWLT 2025-1 A3 4.43 06/26/2028 7,419.01 7,419.01 05/25/2027 Coupon 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 149.19 149.19 05/25/2027 Principal Paydown 096919AD7 74,502.73 BMWOT 2024-A A3 5.18 02/26/2029 3,894.46 3,894.46 05/25/2027 Coupon 3137F62M8 350,000.00 FHMS K-118 A2 1.493 09/25/2030 435.46 435.46 05/25/2027 Coupon 3137F83Q4 500,000.00 FHMS K-121 A2 1.547 10/25/2030 644.58 644.58 05/25/2027 Coupon 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 781.99 781.99 05/25/2027 Principal Paydown 3137FAWS3 310,000.00 FHMS K-067 A2 3.194 07/25/2027 36,534.20 36,534.20 05/25/2027 Coupon 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 1,251.74 1,251.74 05/25/2027 Principal Paydown 3137FBU79 480,296.42 FHMS K-069 A2 3.187 09/25/2027 934.95 934.95 05/25/2027 Coupon 3137FG6X8 510,000.00 FHMS K-077 A2 3.85 05/25/2028 1,636.25 1,636.25 05/25/2027 Coupon 3137FKSH0 500,000.00 FHMS K-086 A2 3.859 11/25/2028 1,607.92 1,607.92 05/25/2027 Coupon 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 1,197.77 1,197.77 05/25/2027 Principal Paydown 3137FKUP9 385,438.17 FHMS K-087 A2 3.771 12/25/2028 497.10 497.10 05/25/2027 Coupon 3137FLMV3 400,000.00 FHMS K-090 A2 3.422 02/25/2029 1,140.67 1,140.67 05/25/2027 Coupon 3137FLYV0 250,000.00 FHMS K-092 A2 3.298 04/25/2029 687.08 687.08 05/25/2027 Coupon 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 841.07 841.07 05/25/2027 Principal Paydown 3137FMCR1 342,617.96 FHMS K-093 A2 2.982 05/25/2029 431.91 431.91 05/25/2027 Coupon 3137FRUT6 500,000.00 FHMS K-106 A2 2.069 01/25/2030 862.08 862.08 CONFIDENTIAL | 56
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/25/2027 Coupon 3137FWG79 560,000.00 FHMS K-115 A2 1.383 06/25/2030 645.40 645.40 05/25/2027 Coupon 3137H5YC5 525,000.00 FHMS K-748 A2 2.26 01/25/2029 988.75 988.75 May 2027 Total 696,415.66 60,286.03 756,701.69
Grand Total 170,723,971.42 2,797,363.90 1,409,491.66 4,206,855.56 CONFIDENTIAL | 57
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).
To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.
Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.
Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.
Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
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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.
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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.
LGIP Yields: Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds, the 30-day yield is calculated using reported daily yield data. Yield calculations are subject to change and may not be directly comparable across funds.
LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end.
CONFIDENTIAL | 58
City of Stanton | Account #10991 | As of June 30, 2026
Execution Time: 07/06/2026 11:23:38 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
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. 1 CITY OF STANTON
REPORT TO THE SUCCESSOR AGENCY TO THE
STANTON REDEVELOPMENT AGENCY
TO: Honorable Chairman and Members of the Successor Agency DATE: September 8, 2026
SUBJECT: JUNE 2026 PRELIMINARY INVESTMENT REPORT (SUCCESSOR
AGENCY)
REPORT IN BRIEF:
The Investment Report as of June 30, 2026, has been prepared in accordance with the City’s Investment Policy and California Government Code Section 53646. The Report should be deemed preliminary as final year-end audit adjustments may be pending.
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 June 2026.
BACKGROUND:
The Successor Agency’s cash and investments totaled $5,250,168.85 as of June 30, 2026. During the month of June, the Successor Agency’s balances increased by $718.55.
Cash and investment balances by fund are presented in Attachment A, and by financial institution and type in Attachment B.
ANALYSIS:
Cash and investments held by the Successor Agency are primarily held by its fiscal agent, U.S. Bank. These funds, which are used to service debt obligations of the former Redevelopment Agency, are held in stable value, money market deposit accounts as required. Balances held by the City as fiduciary are commingled within the BMO checking and LAIF accounts yet separated through fund accounting.
Item: 9E
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2 FISCAL IMPACT:
All deposit investments have been made in compliance with the City's Fiscal Year 2025- 26 Investment Policy and the Successor Agency bond indentures.
The portfolio will allow the Successor Agency to meet its expenditure requirements for the next six months.
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).
LEGAL REVIEW:
None.
PUBLIC NOTIFICATION:
Through the agenda posting process.
STRATEGIC GOAL:
Goal 4. Ensure fiscal stability.
Prepared by: Rosa Palomino, Acting Accounting Manager
Reviewed by: Vivien Avella, Finance Director
Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENTS:
A. SA Cash and Investments by Fund
B. SA Investments and Deposits
Fund/
Account No. Fund/Account Name
Beginning
Balance Increases Decreases Ending Balance
CASH-POOLED
712-111101 Redevelopment Obligation Retirement Fund $ 1,380,203.36 $ 930,594.00 $ (892,974.00) $ 1,417,823.36 Total Cash-Pooled (1) $ 1,380,203.36 $ 930,594.00 $ (892,974.00) $ 1,417,823.36 CASH-RESTRICTED (with Fiscal Agent)
712-111423 2016 Tax Allocation Bonds, Series A and B $ 712,669.73 $ 712,663.03 $ (225,159.380) $ 1,200,173.38 712-111425 2016 Tax Allocation Bonds, Series C and D 2,326,364.86 142,703.88 (554,512.500) 1,914,556.24 712-111426 2020 Tax Allocation Refunding Bonds, Series A 830,212.35 3.52 (112,600.000) 717,615.87 Total Cash-Restricted (with Fiscal Agent) $ 3,869,246.94 $ 855,370.43 $ (892,271.880) $ 3,832,345.49 TOTAL CASH AND INVESTMENTS $ 5,249,450.30 $ 1,785,964.43 $ (1,785,245.88) $ 5,250,168.85 Note:
(1) - The Successor Agency cash is physically commingled within the City's checking and LAIF account.
SUCCESSOR AGENCY TO THE STANTON REDEVELOPMENT AGENCY
CASH AND INVESTMENTS REPORT
MONTH ENDED JUNE 30, 2026
Attachment: A
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SUCCESSOR AGENCY TO THE STANTON REDEVELOPMENT AGENCY
CASH AND INVESTEMENTS
Total Cash and Investments Held in City Accounts
Investment Issuer/ CUSIP Date of Interest Par Market MV Type Institution Broker Number Maturity Rate Value Cost Value Source LAIF and BMO General Acct State of California/ BMO CA/BMO NA On Demand N/A $ 1,417,823.36 $ 1,417,823.36 $ 1,417,823.36 NA Total Cash and Investments Held by Fiscal Agents (Bond Funds) Investment Issuer/ CUSIP Date of Interest Par Market MV Type Institution Broker Number Maturity Rate Value Cost Value Source 2016 Series A and B
Cash Equivalents US Bank Money Market US Bank 9AMMF05B2 On Demand 0.02% $ 1,200,173.38 $ 1,200,173.38 $ 1,200,173.38 US Bank Investment Issuer/ CUSIP Date of Interest Par Market MV Type Institution Broker Number Maturity Rate Value Cost Value Source 2016 Series C and D
Cash Equivalent US Bank Money Market US Bank 9AMMF05B2 On Demand 0.02% $ 1,914,556.24 $ 1,914,556.24 $ 1,914,556.24 US Bank Investment Issuer/ CUSIP Date of Interest Par Market MV Type Institution Broker Number Maturity Rate Value Cost Value Source 2020 Tax Allocation Refunding Bonds
Cash Equivalent US Bank Money Market US Bank 9AMMF05B2 On Demand 0.02% $ 717,615.87 $ 717,615.87 $ 717,615.87 US Bank Total Cash and Investments Held by Fiscal Agents (Bond Funds) $ 3,832,345.49 $ 3,832,345.49 TOTAL - ALL CASH AND INVESTMENTS $ 5,250,168.85 $ 5,250,168.85 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 JUNE 30, 2026
Attachment: B
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1 CITY OF STANTON
REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: September 8, 2026
SUBJECT: RENEWAL OF THE LICENSE AGREEMENT WITH SOUTHERN
CALIFORNIA EDISON FOR CONTINUED USE OF THE BIKE PATH AND
HIKING TRAIL NORTH OF LOLA AVENUE
REPORT IN BRIEF:
The existing License Agreement for the bike path and hiking trail located north of Lola Avenue (Assessor’s Parcel Number 126-332-02) is set to expire on November 30, 2026, and the City would like to renew the License Agreement between Southern California Edison (SCE) and the City of Stanton for its continued use. Renewal of the Agreement will have a term of five (5) years from December 1, 2026, to November 30, 2031. The City will pay Southern California Edison a sum of Six Hundred Ninety-Four dollars and two cents ($694.02) upon the execution of the agreement.
RECOMMENDED ACTION:
1. City Council declare this action to be categorically exempt under the California Environmental Quality Act, 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; and
2. Approve the Southern California Edison License Agreement No. 9.4612 to continue use of the bike path and hiking trail east of Assessor’s Parcel Number 126-332-02 and north of Lola Avenue for a five-year term of December 1, 2026 to November 30, 2031, and allow the City Attorney to make minor edits as necessary prior to the execution of the Amendment; and
3. Authorize the City Manager to execute the License Agreement with Southern California Edison.
Item: 9F
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2 BACKGROUND:
The existing bike path and hiking trail on the east side of Southern California Edison’s property (Assessor’s Parcel Number 126-332-02) connects to the City of Anaheim’s bike path and hiking trail. This trail is authorized for public use under an existing license agreement with Southern California Edison which expires November 30, 2026. A new License Agreement is required to be executed for continued use of the bike path and hiking trail.
ANALYSIS/JUSTIFICATION:
Per Agreement 9.4612, the City must obtain SCE’s written approval before making any improvements to the property. The City must also keep the property clean, free from weeds, brush, rubbish, and debris.
Per the Agreement, the City is responsible for keeping the trails safe, posting required safety and use-restriction signs, installing barriers to prevent unauthorized vehicles, and managing erosion control. SCE may require the City to remove, modify, or relocate any portion of the trails at the City’s expense. The City must also close the trails whenever SCE determines it is necessary for public safety or facility maintenance. SCE may also use the trails for access to its facilities.
FISCAL IMPACT:
The funds to execute the Agreement will be available in the FY 2026/2027 Operating Budget Account No. 101-3400-623140 for Land Lease.
ENVIRONMENTAL IMPACT:
This action requested in this report is categorically exempt under the California Environmental Quality Act, 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.
LEGAL REVIEW:
The City Attorney has reviewed the License Renewal Agreement. 3 STRATEGIC GOAL:
Goal 3. Provide quality infrastructure.
Goal 5. Maintain and promote a responsive, high-quality and transparent government.
Prepared by: Han Sol Yoo, P.E., Principal Civil Engineer Reviewed by: Cesar Rangel P.E., Public Works Director/City Engineer Fiscal Impact Reviewed by: Vivien Avella, Finance Director Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENT:
A. License Renewal Agreement No. 9.4612
SCE Doc. 56067 Att. Contract No. 9.4612
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CITY OF STANTON
L I C E N S E A G R E E M E N T
I N D E X O F A R T I C L E S
1. USE
2. TERM
3. CONSIDERATION
4. INSURANCE
5. LICENSOR’S USE OF THE PROPERTY
6. LICENSEE’S IMPROVEMENTS
7. LICENSEE'S PERSONAL PROPERTY
8. HEIGHT LIMITATIONS AND VERTICAL CLEARANCES
9. ACCESS AND CLEARANCES
10. PARKING
11. WEEDS, BRUSH, RUBBISH AND DEBRIS (WEED ABATEMENT)
12. FLAMMABLES, WASTE AND NUISANCES
13. PESTICIDES AND HERBICIDES
14. HAZARDOUS MATERIALS AND WASTE
15. SIGNS
16. FENCING AND EXISTING FIXTURES
17. PARKWAYS AND LANDSCAPING
18. IRRIGATION EQUIPMENT
19. UNDERGROUND TANKS
20. UNDERGROUND FACILITIES
21. UTILITIES
22. TAXES, ASSESSMENTS AND LIENS
23. EXPENSE
24. ASSIGNMENTS
25. COMPLIANCE WITH LAWS AND REGULATIONS
26. GOVERNING LAW
27. INDEMNIFICATION; ASSUMPTION OF RISK; RELEASE (MODIFIED)
28. TERMINATION
29. EVENTS OF DEFAULT
30. REMEDIES
31. LICENSEE’S PERSONAL PROPERTY UPON TERMINATION OR EXPIRATION
32. LIMITATION OF LIABILITY
33. NON-POSSESSORY INTEREST
34. WAIVER
35. AUTHORITY
36. ELECTRIC AND MAGNETIC FIELDS
Attachment: A
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37. INDUCED VOLTAGES
38. NOTICES
39. RECORDING
40. COMPLETE AGREEMENT
41. SIGNATURE AUTHORITY
42. SURVIVAL
APPENDIX: GUIDELINES FOR STANDARD LICENSEE IMPROVEMENTS
ADDENDUM(S)
NON-MOTORIZED BIKING & HIKING TRAILS
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LICENSE AGREEMENT
THIS AGREEMENT between SOUTHERN CALIFORNIA EDISON COMPANY, a corporation organized under the laws of the State of California, called "Licensor", and CITY OF STANTON, a municipal corporation, called "Licensee";
WITNESSETH: That Licensor, for and in consideration of the faithful performance by Licensee of the terms, covenants and agreements hereinafter set forth to be kept and performed by Licensee, does hereby give to Licensee the license to use that certain real property solely for the purpose hereinafter specified, upon and subject to the terms, reservations, covenants and conditions hereinafter set forth, hereinafter designated as "Property” on the Exhibit "A" attached hereto and made a part hereof, being a portion of Assessor’s Parcel Number 126-332-02, situated in the City of Stanton, County of Orange, State of California, subject to any and all covenants, restrictions, reservations, exceptions, rights and easements, whether or not of record.
Acknowledgment of License and Disclaimer of Tenancy
Licensee acknowledges and agrees that the License constitutes a limited, revocable, non-possessory, personal, and non-assignable privilege to use the Property solely for those permitted uses and activities expressly identified in the Agreement (the “License Privilege”). Licensee further acknowledges and agrees that:
● The consideration paid by Licensee pursuant to Article 3 of the Agreement is consistent with the value of the rights comprising the License Privilege; the consideration is not consistent with the higher market value for a greater right, privilege, or interest (such as a lease) in the Property or similarly situated parcels. ● Licensee is not a tenant or lessee of Licensor and holds no rights of tenancy or leasehold in relation to the Property.
● The Agreement and/or any prior and/or future acts or omissions of Licensor shall not create (or be construed as creating) a leasehold, tenancy, or any other interest in the Property.
● Licensor may terminate the License and revoke the License Privilege at any time, subject, if applicable, to a notice period agreed upon by the parties, as more particularly set forth in the Agreement.
● In consideration of Licensor’s grant of the License, Licensee specifically and expressly waives, releases, and relinquishes any and all right(s) to assert any claim of right, privilege, or interest in the Property other than the License. ● Licensee further acknowledges and agrees that without the representations and agreements set forth herein, Licensor would not enter into the Agreement.
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1. Use: Licensee will use the Property for bike path and hiking trail purposes only. Licensor makes no representation, covenant, warranty or promise that the Property, and any fixtures thereon, are fit or suitable for any particular use, including the use for which this Agreement is made, and Licensee is not relying on any such representation, covenant, warranty, or promise. Licensee’s use of the property for any other purpose and/or failure to utilize the Property in accordance with this License as determined by the Licensor in its sole discretion will be deemed a material default and grounds for immediate termination of this Agreement in accordance with Articles 28 and/or 30.
2. Term: Unless otherwise terminated as provided herein, this Agreement will be in effect for a term of five (5) years commencing on the first day of December, 2026 and ending on the last day of November, 2031. Licensee acknowledges that this Agreement does not entitle Licensee to any subsequent agreement, for any reason whatsoever, regardless of the use Licensee makes of the Property, the improvements Licensee places on or makes to the Property, or for any other reason.
3. Consideration: Licensee will pay to Licensor the sum of Six Hundred Ninety-Four and 02/100 Dollars ($694.02) upon the execution and delivery of this Agreement for the full term of this Agreement. Payment to Licensor must be in the form of a check or money order payable to Southern California Edison Company. No cash payments will be accepted by Licensor.
All payments subsequent to the initial payment will be paid to the Southern California Edison Company, Post Office Box 800 Rosemead, California, 91770, and Attention: Corporate Accounting Department – Accounts Receivable.
4. Insurance: During the term of this Agreement, Licensee shall maintain the following insurance:
(a) Workers’ Compensation with statutory limits, under the laws of the State of California and Employer’s Liability with limits of not less than $1,000,000.00 each accident, disease/each employee, and disease/policy limit. Licensee shall require its insurer to waive all rights of subrogation against Licensor, its officers, agents, and employees, except for any liability resulting from the willful or grossly negligent acts of the Licensor. (b) Commercial General Liability Insurance, including contractual liability and products liability, with limits not less than $1,000,000.00 per occurrence and $1,000,000.00 in the aggregate. Such insurance shall: (i) name Licensor, its officers, agents and employees as additional insureds, but only for Licensee’s negligent acts or omissions; (ii) be primary for all purposes and (iii) contain separation of insureds or cross-liability clause, and (iv) require its insurer to waive all rights of subrogation against Licensor, its officers, agents and employees, except for any liability resulting from the willful or grossly negligent acts of the Licensor.
(c) Self - Insurance: Licensee may self-insure all of the insurance requirements above if they belong to an approved Secondary Use Category and the self-insurance is maintained under a self-insurance program reasonably satisfactory to Licensor. Bike path and hiking trail use is an approved Secondary Use Category; Licensee may submit written verification of self-insurance to meet the above insurance requirements.
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The failure to maintain such insurance may be deemed by Licensor a material default of this Agreement and grounds for immediate termination pursuant to Articles 28 and/or 30. Licensee shall provide Licensor with proof of such insurance by submission of certificates of insurance, pursuant to Article 38 “Notices”, at least ten days prior to the effective date of this Agreement, and thereafter at least ten days prior to each insurance renewal date. Licensee must provide Licensor at least thirty (30) days notice before any such insurance will be canceled, allowed to expire, or materially reduced. However, in the event insurance is canceled for the non-payment of a premium, Licensee must provide to Licensor at least ten (10) days’ prior written notice before the effective date of cancellation. The required insurance policies shall be maintained with insurers reasonably satisfactory to Licensor and shall be primary and non-contributory with any insurance or self-insurance maintained by Licensor.
5. Licensor's Use of the Property: Licensee agrees that Licensor, its successors and assigns, have the right to enter the Property, at all times, for any purpose, and the right to conduct any activity on the Property. Exercise of these rights by Licensor, its successors and assigns, will not result in compensation to Licensee for any damages whatsoever to personal property, structures, and/or crops located on the Property, nor shall Licensee be entitled to any compensation for any loss of use of the Property or a portion thereof, and/or any related damages, as a result of Licensor’s activities under this Article.
6. Licensee's Improvements: Licensee must submit, for Licensor's prior written approval, complete improvement plans, including, but not limited to, grading, lighting, landscaping, grounding, and irrigation plans, - identifying all existing and proposed improvements, a minimum of sixty (60) days prior to making any use of the Property. Licensee’s conceptual plans for proposed improvements shall be developed in accordance with the guidelines contained in the Appendix to this License. It is understood and agreed that the general guidelines contained in the Appendix are intended to provide a framework for the development of conceptual plans only; and that Licensor may modify or add to the conditions contained in the Appendix hereto, based on individual site characteristics, Licensor’s existing or potential operating needs or Licensee’s proposed use(s). Licensee must submit, for Licensor's prior written approval plans for any modifications to such improvements. Written approval may be modified and/or rescinded by Licensor for any reason whatsoever.
To the extent Licensor reviews and/or approves any improvement plans, Licensor is doing so only for purposes of determining whether said improvements are compatible with Licensor’s use of the Property.
Under no circumstances shall such review and/or approval be construed as a warranty, representation, or promise that the Property is fit for the proposed improvements, or that said improvements comply with any applicable city, state, or county building requirements, other legal requirements, or the generally accepted standard of care.
At any time, Licensor may require Licensee to modify and/or remove any or all such previously approved improvements at Licensee’s risk and expense and without compensation from Licensor. Licensor is not required, at any time, to make any repairs, improvements, alterations, changes, or additions of any nature whatsoever to the Property and/or any fixtures thereon. Licensee expressly acknowledges that any expenditures or improvements will in no way alter Licensor’s right to terminate in accordance with Articles 28, and/or 30.
7. Licensee's Personal Property: (i) Licensor grants Licensee permission to place Licensee’s personal property on the Property consistent with the use identified in Article 1 and other terms of this Agreement. Such permission granted by Licensor shall be revoked upon the earlier of the termination SCE Doc. 56067 Att. Contract No. 9.4612
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or expiration of this Agreement. All equipment and other property brought, placed, or erected on the Property by Licensee shall be and remain the property of Licensee, except as otherwise set forth herein.
Licensee shall be responsible for any damage to the Property and/or Licensor’s personal property arising out of Licensee’s activities on the Property, including its use and/or removal of Licensee’s personal property. Licensee further acknowledges and agrees that Licensor is not responsible for Licensee’s personal property during the effectiveness of this Agreement, or upon termination or expiration. Licensor further assumes no duty or obligation to maintain or secure Licensee’s personal property at any time. (ii) Unless as specifically provided for in an Addendum to this Agreement, Licensee shall not store on the Property, for a period longer than twenty-four (24) consecutive hours, any personal property owned by a non-party to this Agreement.
Licensee will defend and indemnify Licensor, its directors, officers, agents, subcontractors, and employees, and its successors and assigns, from any and all claims, loss, damage, actions, causes of action, expenses and/or liability arising from the storage of, damage to, and/or loss of use of such nonparty’s personal property.
8. Height Limitations and Vertical Clearances: Any equipment used by Licensee or its agents, employees, or contractors, on and/or adjacent to the Property, will be used and operated so as to maintain minimum clearances from all overhead electrical conductors as designated in the table below:
Vehicle/ Equipment Vertical Clearance
500 kV 35 feet
220 kV – 66kV 30 feet
<66kV (Distribution facilities) 25 feet
Telecom 18 feet
All trees and plants on the Property will be maintained by Licensee at a maximum height of fifteen (15) feet. If requested by Licensor, Licensee will remove or relocate at Licensee’s expense, any tree and/or other planting.
9. Access and Horizontal Clearances: Licensee will provide Licensor with adequate access to all of Licensor's facilities on the Property and at no time will there be any interference with the free movement of Licensor's equipment, personnel, and materials over the Property. Licensor may require Licensee to provide and maintain access roads within the Property, at a minimum usable width of sixteen (16) feet, with commercial driveway aprons and curb depressions capable of supporting a gross load of forty (40) tons on a three-axle vehicle. The minimum width of all roads shall be increased on curves by a distance equal to 400/inside radius of curvature. All curves shall have a radius of not less than 50 feet measured at the inside edge of the usable road surface. Unless otherwise specified in writing by Licensor, Licensee will make no use of the area directly underneath Licensor's towers and will maintain the following minimum clearances:
a. A 50-foot-radius around suspension tower legs, H-Frames, and poles and 100-foot radius around dead-end tower legs, H-Frames, and poles. b. A 25-foot-radius around all other poles.
NOTE: Additional clearance may be required by Licensor for structures.
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10. Parking: Licensee will not park, store, repair or refuel any motor vehicles or allow parking, storage, repairing or refueling of any motor vehicles on the Property unless specifically approved in a writing executed by Licensor.
11. Weeds, Brush, Rubbish and Debris (Weed Abatement): Licensee will keep the Property clean, free from weeds, brush, rubbish, and debris and in a condition satisfactory to Licensor.
12. Flammables, Waste and Nuisances: Unless permitted by Licensor in writing, Licensee will not, or allow others, to place, use, or store any flammable or combustible materials or waste materials on the Property or commit any waste or damage to the Property or allow any to be done.
Licensee will be responsible for the control of and will be liable for any damage or disturbance, caused by any trespasser, dust, odor, flammable or waste materials, noise, or other nuisance disturbances.
Licensee will not permit dogs on the Property.
13. Pesticides and Herbicides: Any pesticide or herbicide applications and disposals will be made in accordance with all Federal, State, County, and local laws. Licensee will dispose of all pesticides, herbicides and any other toxic substances declared to be either a health or environmental hazard, and all materials contaminated by such substances, including but not limited to, containers, clothing, and equipment, in the manner prescribed by law.
14. Hazardous Material and Waste: Licensee will not engage in, or permit any other party to engage in, any activity on the Property that violates federal, state, or local laws, rules or regulations pertaining to the use, management, storage, or disposal of waste, including, but not limited to hazardous, toxic, or infectious materials. Unless permitted by Licensor in writing, Licensee will not, or allow others to, place, use, or store any hazardous, toxic, or infectious materials and/or waste on the Property. Licensee will indemnify and hold Licensor, its directors, officers, agents and employees, and its successors and assigns, harmless from all claims, loss, damage, actions, causes of action, expenses and/or liability arising from leaks of, spills of, and/or contamination by or from hazardous materials as defined by applicable laws or regulations, which may occur during and after the Agreement term, and are attributable to the actions of, or failure to act by, Licensee or any person claiming under Licensee.
15. Signs: Licensee must obtain written approval from Licensor prior to the construction or placement of any sign, signboard, or other form of outdoor advertising. Licensee shall within three (3) days from the date on which the Licensee learns of the graffiti remove any signs containing graffiti or shall otherwise remove such graffiti from the signs in a manner reasonably acceptable to Licensor.
Notwithstanding any other language in this Article, Licensee shall not advertise on any sign any product, service, or good which is (i) not directly related to Licensee’s use of the Property, (ii) offensive to the public, or (iii) which Licensor, in its reasonable discretion, deems objectionable.
16. Fencing and Existing Fixtures: Licensor disclaims any and all express or implied warranties for any fencing and/or other fixtures affixed to the Property and further disclaims any liability arising from any disrepair of the same. Licensee may install fencing on the Property with prior written approval from Licensor. Such fencing will include double drive gates, in locations specified by Licensor, a minimum of twenty (20) feet in width and designed to accommodate separate Licensor and Licensee locks. Licensee will maintain and repair all fencing and other fixtures affixed to the Property, including any grounding of the same as deemed necessary by Licensor, in a manner acceptable to Licensor.
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Grounding plans must be prepared and stamped by a licensed electrical engineer and submitted to Licensor.
17. Parkways and Landscaping: Licensee will keep parkway and sidewalk areas adjacent to the Property free of weeds, brush, rubbish, and debris. Licensee will maintain parkways on the Property and provide landscaping that is compatible with adjoining properties and that is satisfactory to Licensor.
18. Irrigation Equipment: Any irrigation equipment located on the Property prior to the commencement of this Agreement, including but not limited to pipelines, well pumping equipment, and other structures, is the property of Licensor and will remain on and be surrendered with the Property upon termination of this Agreement. Should Licensee desire to use the irrigation equipment, Licensee will maintain, operate, repair, and replace, if necessary, all irrigation equipment at its own expense.
19. Underground and Above-Ground Tanks: Licensee will not install underground or aboveground storage tanks, as defined by any and all applicable laws or regulations, without Licensor's prior written approval in accordance with Article 6.
20. Underground Facilities: Any underground facilities must be approved by Licensor pursuant to Article 6. Licensee must contact Dig Alert and comply with the applicable processes, policies and/or procedures of Dig Alert, prior to any underground installation. Any underground facilities installed or maintained by Licensee on the Property must have a minimum cover of three feet from the top of the facility and be capable of withstanding a gross load of forty (40) tons on a three-axle vehicle.
Licensee will compact any earth excavated to a compaction of ninety percent (90%). Licensee will relocate its facilities at its own expense so as not to interfere with Licensor's proposed facilities.
21. Utilities: Licensee will pay all charges and assessments for, or in connection with, water, electric current or other utilities which may be furnished to or used on the Property.
22. Taxes, Assessments and Liens: Licensee will pay all taxes and assessments which may be levied upon any crops, personal property, and improvements, including but not limited to, buildings, structures, and fixtures on the Property. Licensee will keep the Property free from all liens, including but not limited to, mechanics liens and encumbrances by use or occupancy by Licensee, or any person claiming under Licensee. If Licensee fails to pay the above-mentioned taxes, assessments, or liens when due, Licensor may pay the same and charge the amount to the Licensee. All accounts not paid within thirty (30) days of the agreed upon due date will be charged a "late fee" on all amounts outstanding up to the maximum rate allowed by law.
23. Expense: Licensee will perform and pay all obligations of Licensee under this Agreement.
All matters or things required by Licensee will be performed and paid for at the sole cost and expense of Licensee, without obligation by Licensor to make payment or incur cost or expense for any such matters or things.
24. Assignments: This Agreement is personal to Licensee, and Licensee will not assign, transfer, or sell this Agreement or any privilege hereunder in whole or in part, and any attempt to do so will be void and confer no right on any third party.
25. Compliance with Laws and Regulations: Licensee will comply with all applicable federal, state, county and local laws, all covenants, conditions and restrictions of record and all applicable SCE Doc. 56067 Att. Contract No. 9.4612
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ordinances, zoning restrictions, rules, regulations, orders, and any requirements of any duly constituted public authorities now or hereafter in any manner affecting the Property or the streets and ways adjacent thereto. Licensee will obtain all permits and other governmental approvals required in connection with Licensee's activities hereunder. Licensee shall also comply with the requirements of every addendum attached hereto. Licensee shall hold harmless, defend, and indemnify Licensor, its officers, agents and employees, and its successors and assigns, from and against all claims, loss, damage, actions, causes of actions, expense and/or liability arising from or resulting from any violation of this provision.
26. Governing Law: The existence, validity, construction, operation, and effect of this Agreement and all of its terms and provisions will be determined in accordance with the laws of the State of California.
27. Indemnification; Assumption of Risk; Release: (MODIFIED) Licensee shall hold harmless, defend and indemnify Licensor, its officers, agents and employees, and its successors and assigns, from and against all claims, loss, damage, actions, causes of actions, expense and/or liability arising from or growing out of loss or damage to property, including that of Licensor, or injury to or death of persons, including employees of Licensor resulting in any manner whatsoever, directly or indirectly, by reason of this Agreement or the use or occupancy of the Property by Licensee or any person claiming under Licensee. Except for injuries, liabilities, losses, demands, actions, penalties, fines, expenses, including attorneys' fees and expenses and court costs, arising solely from or out of Licensor’s gross negligence or willful misconduct related to its use of the Property, Licensee agrees to assume all risk of loss by fire, flood, earthquake, theft, accident, or casualty of any kind, which may affect the Property, any improvements constructed or installed thereon by Licensee, Licensee’s use of the Property, or exercise of the rights granted herein. Licensee releases and waives all claims against Licensor and each of the indemnified parties for loss or damage caused by, arising out of, or in any way connected with Licensor’s or Licensee’s use of the Property or the exercise of the rights granted herein, except for those claims arising solely from Licensor’s gross negligence or willful misconduct.
28. Termination: Licensor or Licensee may terminate this Agreement, at any time, for any reason, upon thirty (30) days notice in writing. Additionally, Licensor may immediately terminate this Agreement pursuant to Article 30. Termination does not release Licensee from any liability or obligation (indemnity or otherwise) which Licensee may have incurred. Upon termination, Licensor may immediately recover from Licensee all amounts due and owing hereunder, plus interest at the maximum rate permitted by law on such amounts until paid, as well as any other amount necessary to compensate Licensor for all the detriment proximately caused by Licensee’s failure to perform its obligations under this Agreement. Licensee's continued presence after termination shall be deemed a trespass. In the event of a termination for any reason other than non-payment of the License fee, Licensor shall refund any previously collected/pre-paid License fees covering the unused portion of the remaining term, to the extent such fees exceed any offset claimed by Licensor under the Agreement
29. Events of Default: In addition to material defaults otherwise described herein, the occurrence of any of the following shall constitute a material default and breach of this Agreement by Licensee:
(a) Any failure by Licensee to pay the consideration due under Article 3, or to make any other payment required to be made by Licensee when due.
(b) The abandonment or vacating of the Property by Licensee.
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(c) Any attempted assignment or subletting of this Agreement by Licensee in violation of Article 24.
(d) The violation by Licensee of any resolution, ordinance, statute, code, regulation, or other rule of any governmental agency applicable to Licensee’s activities under this Agreement. (e) Any attempt to exclude Licensor from the licensed premises. (f) The making by Licensee of any general assignment for the benefit of creditors; the appointment of a receiver to take possession of substantially all of Licensee's assets located on the Property or of Licensee's privileges hereunder where possession is not restored to Licensee within five (5) days; the attachment, execution or other judicial seizure of substantially all of Licensee's assets located on the Property or of Licensee's privileges hereunder, where such seizure is not discharged within five (5) days. (g) Any case, proceeding or other action brought against Licensee seeking any of the relief mentioned in "clause f" of this Article which has not been stayed or dismissed within thirty (30) days after the commencement thereof.
(h) Any claim by Licensee that it has a possessory interest and/or irrevocable license in the Property.
(i) With respect to items not otherwise listed in Article 29.a-h, the failure by Licensee to observe and perform any other provision of this Agreement to be observed or performed by Licensee. Licensor shall provide written notice of such failure and Licensee shall be considered in material default where such failure continues for a total of ten (10) or more consecutive days from the date of the notice. Further, with respect to items not otherwise listed in Article 29.a-h, Licensee shall be considered in material default should Licensee fail to observe or perform any other provision of this Agreement for more than fifteen (15) days during the entire Term of the Agreement in the aggregate, after Licensor provides an initial written notice of such failure. After providing initial notice under this provision, Licensor will not be required to provide any subsequent notice of breach of this Agreement.
30. Remedies: Notwithstanding the notice requirement in Article 28, in the event of any material default by Licensee, then in addition to any other remedies available to Licensor at law or in equity, Licensor shall have the option to immediately terminate this Agreement and all rights of Licensee hereunder by giving written notice of such immediate termination to Licensee.
31. Licensee’s Personal Property Upon Termination or Expiration: In the event that this Agreement is terminated, whether termination is effected pursuant to Article 28 and/or 30, or in the event this Agreement expires pursuant to Article 2, Licensee shall, at Licensee’s sole cost and expense and prior to the earlier of the effective termination date or expiration date, remove all weeds, debris, and waste from the Property and peaceably quit, surrender and restore the licensed Property to the condition it was in prior to the Licensee’s use of the Property, in a manner satisfactory to Licensor.
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If Licensee fails or refuses to remove any of Licensee’s personal property, building(s), fixture(s) or structure(s) from the Property prior to the earlier of the termination date or expiration date, said personal property, building(s), fixture(s) or structure(s) shall be deemed abandoned by the Licensee, and the Licensor shall have the right, but not the obligation, to remove, destroy, sell or otherwise dispose of them with no further notice to Licensee. Licensor shall not be required to seek and/or obtain judicial relief (including, but not limited to, the filing of an unlawful detainer action), nor shall Licensor be responsible for the value of Licensee’s personal property.
Licensor shall have the right to charge and recover from Licensee all costs and expenses incurred by Licensor related to (i) the removal, disposal or sale of Licensee’s personal property, building(s), fixture(s) or structure(s), (ii), the removal of any waste, weeds, or debris on the Property, (iii) environmental studies and environmental remediation and/or cleanup attributable to Licensee’s use of the Property, and (iv) the restoration of the Property to the condition it was in prior to Licensor’s initial use of the Property.
Licensee agrees to pay such expenses to Licensor upon demand.
32. Limitation of Liability:
IN ORDER FOR LICENSEE TO OBTAIN THE BENEFIT OF THE FEE IDENTIFIED IN ARTICLE 3,
WHICH INCLUDES A LESSER ALLOWANCE FOR RISK FUNDING FOR LICENSOR, LICENSEE AGREES TO LIMIT LICENSOR’S LIABILITY PURSUANT TO THIS AGREEMENT. AS SUCH, IF LICENSEE IS ENTITLED TO ANY RELIEF FOR LICENSOR’S NEGLIGENCE, INCLUDING GROSS NEGLIGENCE, FOR DAMAGE OR DESTRUCTION OF LICENSEE’S PERSONAL PROPERTY,
BUILDING(S), STRUCTURE(S) OR FIXTURE(S), THE TOTAL LIABILITY OF LICENSOR SHALL NOT
EXCEED THE TOTAL FEES ACTUALLY PAID BY LICENSEE TO LICENSOR DURING THE TERM OF THIS AGREEMENT.
FURTHER, IN NO EVENT SHALL LICENSOR BE LIABLE UNDER ANY CIRCUMSTANCES FOR INJURY OR DAMAGE TO LICENSEE’S BUSINESS, IF ANY, INCLUDING, BUT NOT LIMITED TO,
LOSS OF PROFITS, LOSS OF RENTS OR OTHER EVENTS, LOSS OF BUSINESS OPPORTUNITY,
LOSS OF GOODWILL OR LOSS OF USE, IN EACH CASE, HOWEVER OCCURRING, RELATED TO THIS AGREEMENT. THE PROVISIONS OF THIS SECTION 32 SHALL EXPRESSLY SURVIVE THE TERMINATION OR EXPIRATION OF THIS AGREEMENT.
33. Non-Possessory Interest: Licensor retains full possession of the Property and Licensee will not acquire any possessory interest, whether temporary, permanent, or otherwise by reason of this Agreement, or by the exercise of the permission given herein. Licensee will make no claim to any such interest and Licensee will not claim that it has or ever had an irrevocable license in the Property.
34. Waiver: Licensor shall not be deemed to waive any provision of this Agreement orally or by conduct. Any waiver by Licensor of any provision of this Agreement must be in a writing signed by Licensor. No waiver by Licensor of any provision shall be deemed a waiver of any other provision or of any subsequent breach by Licensee of the same or any other provision. Licensor's consent to or approval of any act shall not be deemed to render unnecessary the obtaining of Licensor's consent to or approval of any subsequent act by Licensee. Licensor’s acceptance of payment after providing notice of termination to Licensee shall not constitute a waiver of Licensor’s termination of the Agreement.
35. Authority: This Agreement is executed subject to General Order No. 69-C of the Public Utilities Commission of the State of California dated and effective July 10, 1985, incorporated by this SCE Doc. 56067 Att. Contract No. 9.4612
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reference. As set forth in General Order 69-C, this License is made conditional upon the right of the Licensor either on order of the Public Utilities Commission or on Grantor’s own motion to resume the use of that property (including, but not limited to the removal of any obstructions) whenever, in the interest of Licensor’s service to its patrons or consumers, it shall appear necessary or desirable to do so.
Licensee agrees to comply with all federal, state, and local laws and regulations. This Agreement should not be construed as a subordination of Licensor’s rights, title, and interest in and to its fee ownership, nor should this Agreement be construed as a waiver of any of the provisions contained in said License or a waiver of any costs of relocation of affected Licensor facilities.
36. Electric and Magnetic Fields (“EMF”): There are numerous sources of power frequency electric and magnetic field (“EMF”), including household or building wiring, electrical appliances and electric power transmission and distribution facilities. There have been numerous scientific studies about the potential health effects of EMF. Interest in a potential link between long-term exposures to EMF and certain diseases is based on this scientific research and public concerns.
While some 40 years of research have not established EMF as a health hazard, some health authorities have identified magnetic field exposures as a possible human carcinogen. Many of the questions about diseases have been successfully resolved due to an aggressive international research program. However, potentially important public health questions remain about whether there is a link between EMF exposures in homes or work and some diseases including childhood leukemia and a variety of other adult diseases (e.g. adult cancers and miscarriages). While scientific research is continuing on a wide range of questions relating to exposures at both work and in our communities, a quick resolution of the remaining scientific uncertainties is not expected.
Since Licensee plans to license or otherwise enter Licensor property that is in close proximity to Licensor electric facilities, Licensor wants to share with Licensee and those who may enter the property under this agreement, the information available about EMF. Accordingly, Licensor has attached to this document a brochure that explains some basic facts about EMF and that describes Licensor policy on EMF. Licensor also encourages Licensee to obtain other information as needed to assist in understanding the EMF regarding the planned use of this property.
37. Induced Voltages: Licensee hereby acknowledges that any structures (including, but not limited to, buildings, fences, light poles) that exist or may be constructed on the Property licensed herein, (hereinafter, the “Structures”) in close proximity to one or more high voltage (66 kilovolt or above) electric transmission lines and/or substation facilities may be susceptible to induced voltages, static voltages and/or related electric fault conditions (hereinafter collectively referred to as “Induced Voltages”) unless appropriate grounding or other mitigation measures are incorporated into the Structures. If not properly mitigated, Induced Voltages can cause a variety of safety and/or nuisance conditions including, but not limited to, electric shocks or other injuries to individuals contacting the Structures or other utilities connected to the Structures (including, but not limited to, natural gas lines, water lines or cable television lines), or interference with or damage to sensitive electronic equipment in or around the Structures. Measures to mitigate Induced Voltages, if required, will vary from case to case because of factors such as electric facility configuration and voltage, other utilities involved, or sensitivity of electronic equipment. Licensee will be responsible to determine what Induced Voltages mitigation measures should be undertaken regarding the Structures and to implement such mitigation measures at its sole cost and expense.
SCE Doc. 56067 Att. Contract No. 9.4612
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Licensee agrees for itself and for its contractors, agents, licensees, invitees, and employees, to save harmless and indemnify Licensor, its parent, subsidiaries and affiliated entities and their respective officers and employees against all claims, loss, damage, actions, causes of action, expenses and/or liability arising from or growing out of loss or damage to property, including Licensor’s own personal property, or injury to or death of persons, including employees of Licensor caused by or resulting from or connected to Induced Voltages on or related to the Structures.
38. Notices: All notices required to be given by either party shall be made in writing and shall be deemed to have been given and received (a) when personally delivered, or delivered by sameday courier; or (b) on the third business day after mailing by registered or certified mail, postage prepaid, return receipt requested; or (c) upon delivery when sent by prepaid overnight express delivery service (e.g., FedEx, UPS); or (d) when sent by email and upon the receipt by the sending party of written confirmation by the receiving party. Notices shall be addressed as follows:
To Licensor: Southern California Edison Company
Real Properties and Permitting
Land Management – Southern Region
3 Innovation Way
Pomona, CA 91768
Email: [email protected]
To Licensee: City of Stanton
7800 Katella Avenue
Stanton, CA 90680
Email: [email protected]
Business Telephone No. (714) 890-4203
Notice will be deemed effective on the third calendar day after mailing. A party will immediately notify the other party in writing of any address change.
39. Recording: Licensee will not record this Agreement.
40. Complete Agreement: Licensor and Licensee acknowledge that the foregoing provisions and any appendix, addenda and exhibits attached hereto constitute the entire Agreement between the parties. Any appendices, addenda and exhibits attached hereto are incorporated herein and made an integral part hereof. This Agreement may not be modified, amended, contradicted, supplemented, or altered in any way by any previous written or oral agreements or any subsequent oral agreements or unsigned written agreements. This Agreement may be modified or amended only by way of a writing executed by both parties. In case any provision in this Agreement shall be deemed invalid, illegal, or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.
41. Signature Authority: Each of the persons executing this Agreement warrants and represents that he or she has the full and complete authority to enter into this Agreement on behalf of SCE Doc. 56067 Att. Contract No. 9.4612
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the Party for which he or she is signing, and to bind said party to the agreements, covenants and terms contained herein.
42. Survival: Any provision of this Agreement that imposes an obligation after termination or expiration of this Agreement shall survive the termination or expiration of this Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in duplicate.
LICENSOR:
SOUTHERN CALIFORNIA EDISON COMPANY
By___________________________________________
CAROLINA BEDOLLA
Real Estate & Facilities Senior Specialist
Land Management – Southern Region
Real Properties and Permitting
_____________________
Date
LICENSEE:
CITY OF STANTON, a municipal corporation
By___________________________________________
Hannah Shin-Heydorn, City Manager
_____________________
Date
SCE Doc. 56067 Att. Contract No. 9.4612
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APPENDIX
Guidelines for Standard Licensee Improvements
The following criteria are provided to aid in developing a conceptual plot plan to be submitted to Southern California Edison Company herein after referred to as “Licensor” for consideration and approval prior to the start of any construction on “Licensor” property.
Plans should be developed indicating the size and location of all planned improvements. The plan should specify the dimensions of all planned improvements and the distance of all planned improvements from property lines and all adjacent “Licensor” towers, poles, guy wires or other “Licensor” facilities.
The plan must show the locations of all “Licensor” towers and poles, 16-foot-wide access roads, main water lines and water shut-off valves, electrical service lines and parking areas. All plans must indicate adjacent streets and include a “north arrow” and the Licensee’s name.
SHADE STRUCTURES
(Definition: A non-flammable frame covered on the top with a material designed to provide shade to aid in growing plants)
1. Shade structures must maintain minimum spacing of 50 feet between shade structure locations, should be placed perpendicular to Licensor’s overhead electrical conductors (wires) unless otherwise approved in writing by Licensor, and should not exceed maximum dimensions of:
a. 100 feet in length
b. 50 feet in width
c. 15 feet in height
2. Shade structures will not be permitted within the following areas reserved for Licensor’s access:
a. Within 2 feet from edge of 16-foot-wide access roads b. 50-foot radius around suspension tower legs, H-Frames, and poles c. 100-foot radius around dead-end tower legs, H-Frames, and poles d. 25-foot radius around anchors/guy wires, poles, and wood poles
3. Shade structures must utilize the following design:
a. Temporary/slip joint construction only.
b. Non-flammable frame only
c. Adequately grounded in accordance with plans approved and stamped by a California electrical engineer.
d. Shade covering must be non-flammable and manufactured with non-hydrocarbon materials.
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SHADEHOUSES/HOTHOUSES
(Definition: A simple, non-flammable, enclosed structure designed to control temperature without the benefit of heating and/or air conditioning units to aid in propagating and/or growing plants)
1. Shadehouses/hothouses must maintain minimum spacing of 50 feet between shadehouse/hothouse locations, should be placed in perpendicular to Licensor’s overhead electrical conductors (wires) unless otherwise approved in writing by Licensor, and should not exceed maximum dimensions of:
a. 100 feet in length
b. 50 feet in width
c. 15 feet in height
2. Shadehouses/hothouses will not be permitted within the following areas reserved for Licensor’s access:
a. Within 2 feet from edge of 16-foot-wide access roads b. 50-foot radius around suspension tower legs, H-Frames, and poles c. 100-foot radius around dead-end tower legs, H-Frames, and poles d. 25-foot radius around anchors/guy wires, poles, and wood poles
3. Shadehouses/hothouses must utilize the following design:
a. Temporary/slip joint construction only
b. Non-flammable frame only
c. Adequately grounded in accordance with plans approved and stamped by a California electrical engineer
d. Covering must be non-flammable and manufactured with non-hydrocarbon materials
GREENHOUSES
(Definition: An enclosed structure designed to control temperature and/or humidity by the use of heating and/or air conditioning units to aid in propagating and/or growing plants) Greenhouses will be considered on a case-by-case basis.
IRRIGATION SYSTEMS / WELLS
1. Maximum diameter of pipe: 3 inches
2. All pipes must be plastic Schedule 40 or better.
3. No irrigation system will be permitted within the following areas reserved for Licensor’s access:
a. Within 2 feet from edge of 16-foot-wide access roads b. 50 -foot radius around suspension tower legs, H-Frames, and poles SCE Doc. 56067 Att. Contract No. 9.4612
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c. 100-foot radius around dead-end tower legs, H-Frames, and poles
4. Sprinkler and drip irrigation controllers must be located at the edge of the right of way.
5. Suitable identification markers will be required on main controllers and valves.
6. Locations of main shut off valve will be provided and shown on a plot plan.
7. Underground facilities must have a minimum cover of three feet.
8. Earth disturbed must be compacted to ninety percent (90%)
LANDSCAPING
1. No trees will be permitted under the overhead electrical conductors or within 20 feet of the area directly located under the outer circumference of the overhead conductors, which is commonly known as the “drip line.”
2. Trees must have slow to moderate growth and must be of a variety that grows to a maximum height of only 40 feet and must be maintained by the Licensee at a height not to exceed 15 feet.
3. Placement of large rocks (boulders) must be approved in writing by Licensor.
4. Any mounds or change of grade must be approved in writing by Licensor.
5. No cactus or thorny shrubs will be permitted.
6. Retaining walls, planters, etc. may be considered on a case-by-case basis and must be approved in writing by Licensor.
7. No crushed or freshly laid asphalt will be permitted.
TRAILERS (Definition: Removable / portable office modules are not permitted without Licensor’s prior permission. Trailers must meet the following criteria to be considered: Trailers must meet the following criteria:
a. Must have axles and wheel and be able to be moved
b. Maximum length: 40 feet
c. Maximum height: 15 feet
d. Maximum width: 12 feet
2. No trailers will be permitted within the following areas reserved for Licensor’s access:
a. Within 2 feet from edge of 16-foot-wide access roads b. 50-foot radius around suspension tower legs, H-Frames, and poles c. 100-foot radius around dead-end tower legs, H-Frames, and poles d. 25-foot radius around anchors/guy wires, poles, and wood poles SCE Doc. 56067 Att. Contract No. 9.4612
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e. Under or within 10 feet of the conductor “drip lines”
3. Sewer or gas lines to trailers must be approved in writing by Licensor.
4. Location of all electrical and telephone lines must be approved in writing by Licensor.
5. Electrical lines must be installed by a licensed -general contractor.
6. Trailers shall not be used for residential purposes.
7. Toxic or flammable materials will not be permitted in trailers.
8. Adequately grounded in accordance with plans approved and stamped by a California electrical engineer.
PARKING AREAS
Parking areas should not be designed under the overhead electrical conductors or within 10 feet of the “drip lines” without Licensor’s prior written approval. Parking spaces to be identified under the approved site plan. “No Parking” striping may be required in areas where additional clearance is required.
MATERIAL STORAGE
1. If an emergency occurs, Licensee must immediately relocate all materials specified by Licensor to provide Licensor clear access to its facilities.
2. Licensee must provide Licensor with a list of material stored on the right of way.
3. No toxic or flammable materials will be permitted.
4. No materials shall be stored within the following areas reserved for Licensor’s access:
a. Within 2 feet from edge of 16-foot-wide access roads b. 50 - foot radius around suspension tower legs, H-Frames, and poles c. 100 - foot radius around dead-end tower legs, H-Frames, and poles d. 25 feet from anchors/guy wires, poles, and wood poles
5. Storage of materials not to exceed a maximum height of 15 feet.
6. No storage of gasoline, diesel or any other type of fuel will be permitted.
7. Any fencing around the storage areas must have Licensor’s prior written approval.
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A D D E N D U M
NON-MOTORIZED BIKING & HIKING TRAILS
A. Licensee must obtain the prior written approval from Licensor for the installation of any nonmotorized biking and hiking trails, including any subsequent modifications. Licensee will maintain the non-motorized biking and hiking trails at all times in a safe condition satisfactory to Licensor.
B. At any time, Licensor may require the removal, modification, or relocation of any portion of the non-motorized biking and hiking trails. Licensee will remove, modify, or relocate same, at its expense, to a location satisfactory to Licensor within sixty (60) days after receiving notice to remove, modify, or relocate from Licensor.
C. At Licensee’s expense, Licensee will post signs at all access points to the Property that read:
“Non-motorized Biking and Hiking Only. No Other Use Permitted.” D. At Licensee’s expense, Licensee will post signs at all access points to the Property that read: “No Kite Flying, Model Airplanes, unmanned aerial vehicles (UAV’s or Drones), or Metallic Balloons Permitted, High Voltage Wires Overhead.”
E. At Licensee’s expense, Licensee will post signs at all access points of the Property that read:
“Dogs are required to be on leash at all times.”
F. Licensee must close the non-motorized biking and hiking trails at any time Licensor deems it necessary for the safety of the general public or for maintenance of Licensor’s facilities. If it is necessary to close the non-motorized biking and hiking trails for more than three days, Licensee will notify the general public of the closure by posting at all access points to the Property.
G. At Licensee’s expense, Licensee will install removable post-type barriers designed to accommodate Licensor’s locks to prevent unauthorized vehicular use or parking on the Property, including but not limited to, motorcycles, off-road vehicles, and “all-terrain” vehicles.
H. Licensee is responsible for all erosion control in connection with the construction, operation, maintenance, and use of the non-motorized biking and hiking trails, including but not limited to, water flowing onto lands of others. Licensee will perform any work deemed necessary by Licensor to correct any damage to the Property of the land of others.
I. Use of the Property is a joint use with Licensor and other tenants of Licensor. Licensor may use the biking and hiking trails for access to its facilities.
CITY OF STANTON
REPORT TO THE CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: September 8, 2026
SUBJECT: APPROVAL OF FIRST AMENDMENT TO CONSTRUCTION
CONTRACT WITH INTEGRATED DEMOLITION AND REMEDIATION,
INC. FOR THE 8941 PACIFIC AVENUE DEMOLITION AND
ABATEMENT PROJECT PURSUANT TO THE CITY’S
HOMELESSNESS STATE OF EMERGENCY AND IN THE INTEREST
OF PUBLIC HEALTH, SAFETY, AND WELFARE
REPORT IN BRIEF:
At its meeting of June 9, 2026, the City Council awarded a construction contract to Integrated Demolition and Remediation, Inc. for the 8941 Pacific Avenue Demolition and Abatement Project (Attachment). Pursuant to the City’s Homelessness State of Emergency and in the interest of public health, safety, and welfare, and in her capacity as the City’s Director of Emergency Services, the City Manager is requesting approval of an amendment to the construction contract to increase the budget.
RECOMMENDED ACTION:
1. City Council declare the work proposed under this amendment to be categorically exempt under the California Environmental Quality Act (CEQA), Class 1, Section 15301(l)(3); and
2. Approve an additional allocation of $37,000 from the Housing Authority Fund (#285) Fund Balance to Housing Authority Capital Outlay for an amended total budget of $112,000; and
3. Authorize the City Manager/Director of Emergency Services to approve contract change orders with Integrated Demolition and Remediation, Inc., as needed and determined by City staff, for any contingencies up to 15% of the contract amount.
Item: 9G
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BACKGROUND AND ANALYSIS:
At its meeting of June 9, 2026, the City Council awarded a construction contract to Integrated Demolition and Remediation, Inc. for the 8941 Pacific Avenue Demolition and Abatement Project (Attachment). Conditions requiring additional work beyond the original contract scope, including a substantial volume of illegally dumped bulky items and additional trash and debris present throughout the site have been identified. As a result, an amendment to the construction contract is necessary to provide for the additional work required to complete the project.
FISCAL IMPACT:
There is no fiscal impact associated with the recommended action. Sufficient budgeted funds are available.
ENVIRONMENTAL IMPACT:
The project has been determined to be categorically exempt under the California Environmental Quality Act (CEQA), Class 1, Section 15301l (3).
LEGAL REVIEW:
None.
PUBLIC NOTIFICATION:
Notifications were performed through normal agenda process.
STRATEGIC GOAL:
Goal 1. Promote a safe community.
Prepared by: Hannah Shin-Heydorn, City Manager/Director of Emergency Services Fiscal Impact Reviewed by: Vivien Avella, Finance Director Approved by: Hannah Shin-Heydorn, City Manager/Director of Emergency Services ATTACHMENTS:
A. June 9, 2026 - Staff Report
B. First Amendment to Construction Contract - Integrated Demolition And Remediation, Inc.
CITY OF STANTON
REPORT TO THE CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: June 9, 2026
SUBJECT: AWARD OF CONTRACT TO INTEGRATED DEMOLITION AND REMEDIATION, INC. FOR THE 8941 PACIFIC AVENUE DEMOLITION AND ABATEMENT PROJECT PURSUANT TO THE CITY’S
HOMELESSNESS STATE OF EMERGENCY AND IN THE INTEREST
OF PUBLIC HEALTH, SAFETY, AND WELFARE IN THE AMOUNT OF
$75,000
REPORT IN BRIEF:
At its meeting of November 26, 2024, the City Council declared a local emergency caused by conditions and threatened conditions of homelessness within the City of Stanton. The Tina Pacific neighborhood has been particularly impacted by the state of emergency, with transients and homeless individuals regularly trespassing and breaking into vacant units. In fact, in recent history there have been three separate instances of fires started by transients and/or homeless individuals in vacant units/garages causing significant damage. In addition, calls for service specifically identified as homelessnessrelated have increased by 162 percent from 2023 to 2024 within the City, and the intensity and severity of complaints from Tina Pacific residents in relation to homelessness-related issues has increased over the last eighteen months. Pursuant to the local emergency declaration, and in her capacity as the City’s Director of Emergency Services, the City Manager is requesting authorization to award a contract for demolition for 8941 Pacific Avenue to prevent trespassing and vandalism and to preserve the public health, safety, and welfare of the community.
RECOMMENDED ACTION:
1. City Council declare the work proposed under this scope increase to be categorically exempt under the California Environmental Quality Act (CEQA), Class 1, Section 15301(l)(3); and
2. Authorize staff to exercise an exception to the standard procurement procedures in the best interests of the City to preserve the public health, safety, and welfare of the community; and
Attachment: A
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3. Approve an additional allocation of $75,000 from the Housing Authority Fund (#285) Fund Balance to Housing Authority Capital Outlay for an amended total budget of $75,000; and
4. Award a construction contract to Integrated Demolition and Remediation, Inc., to provide professional demolition and abatement services in the amount of $75,000; and
5. Authorize the City Manager/Director of Emergency Services to bind the City of Stanton and Integrated Demolition and Remediation, Inc., in a contract to provide the services; and
6. Authorize the City Manager/Director of Emergency Services to approve contract change orders with Integrated Demolition and Remediation, Inc., as needed and determined by City staff, for any contingencies up to 15% of the contract amount; and
7. Authorize the City Manager/Director of Emergency Services to undertake all predemolition survey work in accordance with South Coast Air Quality Management District requirements within her signing authority.
BACKGROUND:
At its meeting of November 26, 2024, the City Council declared a local emergency caused by conditions and threatened conditions of homelessness within the City of Stanton. Homelessness throughout the City has increased over the past five years, despite the City’s significant efforts to address and combat this issue. 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.)
As of 2024, the City’s homeless population ranks as the fifth largest homeless population within the North Service Planning Area (SPA) even though, geographically, it is one of the 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. As of 2024, among all 34 Orange County cities, the City’s homeless population ranks as the 11th largest.
The Tina Pacific neighborhood has been particularly impacted by the state of emergency. Calls for service specifically identified as homelessness-related have increased by 162 percent from 2023 to 2024. In addition, the intensity and severity of complaints from Tina Pacific residents in relation to homelessness-related issues has increased over the last eighteen months.
Complaints made to City staff and property management within the last eighteen months include:
• Homeless individuals have threatened to set fire to vacant units if residents keep reporting their illegal activities to the City and/or Orange County Sheriff’s Department.
• Homeless individuals have threatened residents with knives and makeshift weapons.
• Homeless individuals have cursed/swore in a threatening manner to residents. • Homeless individuals continuously break into boarded up vacant units. • Homeless individuals have set fires in vacant units and garages that destroyed the structures.
• Homeless individuals have broken into walls in between vacant units. • Homeless individuals have threatened to break into walls shared by occupied units.
• Homeless individuals have left drug paraphernalia inside vacant units and outside in common open areas, including used syringes, “whippet” canisters, used burnt foil, pipes, and prescription bottles with pills inside. • Homeless individuals scream and play loud music at all hours, preventing residents from being able to sleep and rest.
In the last eighteen months, approximately 35 documented requests have been made to City staff or property management regarding requests related to homeless individuals trespassing and harassing residents. It is possible that residents in the neighborhood have underreported issues at the site, and the actual number of incidents are higher.
Resident requests are in addition to the proactive efforts of both the property management company’s maintenance staff as well as City Code Enforcement and the Orange County Sheriff’s Department.
Residents and QMG have reported that the vacant units of the 4-plex at 8941 Pacific Avenue have experienced trespassing by transients despite the City’s and QMG’s numerous attempts to board and secure the vacant units. The following is a sampling of challenges associated with leaving this 4-plex vacant structure standing:
• Property management and City staff have received numerous complaints from residents regarding concerns for their personal safety, after-hours parties, drug sales, and personal assault. Residents state they do not call 911 for fear of retaliation from the transients.
• The City, through QMG, boards the structure each time it is made aware that transients or trespassers have pried boards off of the windows or entryways. • In 2022, under similar circumstances, Community Action Partnership of Orange County staff supported demolition of a vacant unit that was also vulnerable to transient activity.
ANALYSIS/JUSTIFICATION:
The City requires the services of a qualified contractor to demolish and abate the 4-plex building located at 8941 Pacific Avenue and associated garage. The project consists of demolition and removal, clearing and grubbing, grading and earthwork, and the disposal of materials generated from the demolition/abatement of the building. Staff is recommending the demolition project pursuant to the City’s declared local emergency related to homelessness to preserve and protect the public health, safety, and welfare of the Tina Pacific community.
The City’s Purchasing and Contracting Guidelines allow for exceptions to the standard procurement procedures when it is determined to be in the best interests of the City.
Integrated Demolition and Remediation, Inc., has gained unique expertise in working with partner agencies on behalf of the City, in addition to being one of the most costeffective service providers. All of these efforts continue to support the City’s goal of preserving public health, safety, and welfare in the community. As such, staff is recommending award of contract to Integrated Demolition and Remediation, Inc.
Integrated Demolition and Remediation, Inc. has provided a cost of $75,000 to complete the demolition and abatement project.
If the proposed contract is approved, Integrated Demolition and Remediation, Inc., would demolish the 4-plex and garage after the acquisition of inspection results and required Air Quality Management District (AQMD) permits. The City anticipates that the demolition will occur within 30-45 days. Written notice will be provided to surrounding tenants prior to the demolition. Until the demolition occurs, the City and QMG will continue its efforts to board up the 4-plex to deter transients and trespassers from trespassing into the unit.
FISCAL IMPACT:
Staff is seeking Council approval for an additional allocation of $75,000 from the Housing Authority Fund (#285) Fund Balance to Housing Authority Capital Outlay for an amended total budget of $75,000
ENVIRONMENTAL IMPACT:
The project has been determined to be categorically exempt under the California Environmental Quality Act (CEQA), Class 1, Section 15301l (3).
LEGAL REVIEW:
None.
PUBLIC NOTIFICATION:
Notifications were performed through normal agenda process.
STRATEGIC GOAL:
Goal 1. Promote a safe community.
Prepared by: Hannah Shin-Heydorn, City Manager/Director of Emergency Services Fiscal Impact Reviewed by: Sharon del Rosario, Finance Director Approved by: Hannah Shin-Heydorn, City Manager/Director of Emergency Services ATTACHMENT:
A. Short Form Construction Contract - Integrated Demolition And Remediation, Inc. 8941 PACIFIC AVENUE DEMOLITION PROJECT -1-
SHORT FORM CONSTRUCTION CONTRACT
CITY OF STANTON
SHORT FORM CONSTRUCTION CONTRACT
8941 PACIFIC AVENUE DEMOLITION PROJECT
1. PARTIES AND DATE.
This Contract is made and entered into this ___________ day of ________, _______by and between the City of Stanton, a municipal corporation organized under the laws of the State of California with its principal place of business at 7800 Katella Avenue, Stanton, CA 90680 (“City”) and Integrated Demolition And Remediation, Inc., a Corporation with its principal place of business at 421 E. Cerritos Ave, Anaheim, CA 92805 (“Contractor”). City and Contractor are sometimes individually referred to as “Party” and collectively as “Parties” in this Contract.
2. RECITALS.
2.1 City. City is a public agency organized under the laws of the State of California, with power to contract for services necessary to achieve its purpose.
2.2 Contractor. Contractor desires to perform and assume responsibility for the provision of certain construction services required by the City on the terms and conditions set forth in this Contract. Contractor represents that it is duly licensed and experienced in providing demolition and abatement related construction services to public clients, that it and its employees or subcontractors have all necessary licenses and permits to perform the services in the State of California, and that it is familiar with the plans of City. The following license classifications are required for this Project: B, C21, and C22
2.3 Project. City desires to engage Contractor to render such services for the 8941 Pacific Demolition Project (“Project”) as set forth in this Contract.
2.4 Project Documents & Certifications. Contractor has obtained, and delivers concurrently herewith, PERFORMANCE BOND, PAYMENT BOND, INSURANCE DOCUMENTS AND OTHER CERTIFICATIONS as required by the Contract.
3. TERMS
3.1 Compensation and Payment.
3.1.1 Amount of Compensation. As consideration for performance of the Work required herein, City agrees to pay Contractor the Total Contract Price of Seventy-five Thousand Dollars ($ 75,000.00) (“Total Contract Price”) provided that such amount shall be subject to adjustment pursuant to the applicable terms of this Contract or written change orders approved and signed in advance by the City.
3.1.2 Payment of Compensation. If the Work is scheduled for completion in thirty (30) or less calendar days, City will arrange for payment of the Total Contract Price upon completion and approval by City of the Work. If the Work is scheduled for completion in more than thirty (30) calendar days, City will pay Contractor on a monthly basis as provided for herein.
On or before the fifth (5th) day of each month, Contractor shall submit to the City an itemized application for payment in the format supplied by the City indicating the amount of Work completed since commencement of the Work or since the last progress payment. These applications shall Attachment: A
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be supported by evidence which is required by this Contract and such other documentation as the City may require. The Contractor shall certify that the Work for which payment is requested has been done and that the materials listed are stored where indicated. Contractor may be required to furnish a detailed schedule of values upon request of the City and in such detail and form as the City shall request, showing the quantities, unit prices, overhead, profit, and all other expenses involved in order to provide a basis for determining the amount of progress payments.
3.1.3 Prompt Payment. City shall review and pay all progress payment requests in accordance with the provisions set forth in Section 20104.50 of the California Public Contract Code. However, no progress payments will be made for Work not completed in accordance with this Contract. Contractor shall comply with all applicable laws, rules and regulations relating to the proper payment of its employees, subcontractors, suppliers or others.
3.1.4 Contract Retentions. If this Contract is greater than Five Thousand dollars ($5,000), from each approved progress estimate, five percent (5%) will be deducted and retained by the City, and the remainder will be paid to Contractor. All Contract retention shall be released and paid to Contractor and subcontractors pursuant to California Public Contract Code Section 7107.
3.1.5 Other Retentions. In addition to Contract retentions, the City may deduct from each progress payment an amount necessary to protect City from loss because of:
(1) liquidated damages which have accrued as of the date of the application for payment; (2) any sums expended by the City in performing any of Contractor’s obligations under the Contract which Contractor has failed to perform or has performed inadequately; (3) defective Work not remedied; (4) stop notices as allowed by state law; (5) reasonable doubt that the Work can be completed for the unpaid balance of the Total Contract Price or within the scheduled completion date; (6) unsatisfactory prosecution of the Work by Contractor; (7) unauthorized deviations from the Contract; (8) failure of Contractor to maintain or submit on a timely basis proper and sufficient documentation as required by the Contract or by City during the prosecution of the Work; (9) erroneous or false estimates by Contractor of the value of the Work performed; (10) any sums representing expenses, losses, or damages as determined by the City, incurred by the City for which Contractor is liable under the Contract; and (11) any other sums which the City is entitled to recover from Contractor under the terms of the Contract or pursuant to state law, including Section 1727 of the California Labor Code. The failure by the City to deduct any of these sums from a progress payment shall not constitute a waiver of the City’s right to such sums.
3.1.6 Substitutions for Contract Retentions. Pursuant to California Public Contract Code section 22300, Contractor may substitute securities for any money withheld by the City to ensure the performance under the Contract. At the request and expense of Contractor, securities equivalent to the amount withheld shall be deposited with the City, with the State or a federally chartered bank as the escrow agent, who shall return such securities to Contractor upon satisfactory completion of the Contract. Deposit of securities with an escrow agent shall be subject to a written agreement between the escrow agent and the City, which provides that no portion of the securities shall be paid to Contractor until the City has certified to the escrow agent, in writing, that the Contract has been satisfactorily completed. The City shall certify that the Contract has been satisfactorily completed within sixty (60) days of work "completion" as defined in Section 7107(c) of the California Public Contract Code. Securities eligible for investment under this section shall be limited to those listed in Section 16430 of the Government Code, bank or savings & loan certificates of deposit, interest-bearing demand deposit accounts, stand-by letters of credit, or any other security mutually agreed to by Contractor.
3.1.7 Payment to Subcontractors. Contractor shall pay all subcontractors for and on account of work performed by such subcontractors in accordance with the terms of their respective subcontracts and as provided for in Section 7108.5 of the California Business and Professions Code. Such payments to subcontractors shall be based on the measurements and estimates made and progress payments provided to Contractor pursuant to this Contract.
3.1.8 Title to Work. As security for partial, progress, or other payments, title to Work for which such payments are made shall pass to the City at the time of payment. To the extent that title has not previously been vested in the City by reason of payments, full title shall pass to the City at delivery of the Work at the destination and time specified in this Contract. Such transferred title shall in each case be good, free and clear from any and all security interests, liens, or other encumbrances. Contractor promises and agrees that it will not pledge, hypothecate, or otherwise encumber the items in any manner that would result in any lien, security interest, charge, or claim upon or against said items. Such transfer of title shall not imply acceptance by the City, nor relieve Contractor from the responsibility to strictly comply with the Contract, and shall not relieve Contractor of responsibility for any loss of or damage to items.
3.1.9 Labor and Material Releases. Contractor shall furnish City with labor and material releases from all subcontractors performing work on, or furnishing materials for, the Work governed by this Contract prior to final payment by City.
3.2 Incorporation of Documents. This Contract includes and hereby incorporates in full by reference the following documents, including all exhibits, drawings, specifications and documents therein, and attachments and addenda thereto:
• Services/Schedule (Exhibit “A”)
• Plans and Specifications (Exhibit “B”)
• Special Conditions (Exhibit “C”)
• Contractor’s Certificate Regarding Workers’ Compensation (Exhibit “D”) • Payment and Performance Bonds (Exhibit “E”)
• Addenda
• Change Orders executed by the City
• Latest Edition of the Standard Specifications for Public Works Construction (The Greenbook), Excluding Sections 1-9
• Notice Inviting Bids, if any
• Instructions to Bidders, if any
• Contractor’s Bid
To the extent there is a conflict between any portions of this Contract, the order of precedence shall be as follows: change orders, special conditions, technical specifications, plans/construction drawings, general contract terms, scope of work, standard plans, advertisements for bid/proposals, bids/proposals or other documents submitted by Contractor.
3.3 Contractor’s Basic Obligation; Scope of Work.
3.3.1 Scope of Work. Contractor promises and agrees, at its own cost and expense, to furnish to the City all labor, materials, tools, equipment, services, and incidental and customary work necessary to fully and adequately complete the Project, including all structures and facilities necessary for the Project or described in the Contract (hereinafter sometimes referred to as the “Work”), for a Total Contract Price as specified pursuant to this Contract. All Work shall be subject to, and performed in accordance with the above referenced documents, as well as the exhibits attached hereto and incorporated herein by reference. The plans and specifications for the Work are further described in Exhibit “B” attached hereto and incorporated herein by this reference. Special Conditions, if any, relating to the Work are described in Exhibit “C” attached hereto and incorporated herein by this reference.
3.3.2 Change in Scope of Work. Any change in the scope of the Work, method of performance, nature of materials or price thereof, or any other matter materially affecting the performance or nature of the Work shall not be paid for or accepted unless such change, addition or deletion is approved in advance and in writing by a valid change order executed by the City.
3.3.3 Change Orders. Changes to the Contract Time (as defined in Section
3.3) or Total Contract Price shall be in the form of a written Change Order, either signed by both parties or issued unilaterally by the City. No adjustment shall be made to the Contract Time unless the delay impacts the critical path to completion and the delay was not caused in whole or in part by the Contractor. The City’s liability to Contractor for delays for which the City is responsible shall be limited to only an extension of time unless such delays were unreasonable under the circumstances. Failure to timely request a Change Order shall constitute a waiver of any right to adjust the Contract Time or the Total Contract Price. All requests for Change Orders shall be accompanied by detailed supporting documentation, including but not limited to payroll records, invoices, schedules, and any other documentation requested by the City for the purpose of determining the additional costs or the impact of any delay. If the change involves Work bid at a unit price, then the Total Contract Price shall be increased at the unit price. If there is no unit price, then the Total Contract Price shall be adjusted to account for costs actually incurred plus an allowed mark-up of fifteen percent (15%), which shall constitute the entire amount of profit, markups, field or home office overhead costs, including personnel, equipment or office space, any materials, or any costs of equipment idle time for such work. Regardless of ownership, equipment rates shall not exceed the listed prevailing rates at local equipment rental agencies, or distributors, at the time the work is performed. Nothing herein shall prevent the Parties from agreeing to a lump sum cost.
3.3.4 Changes Ordered By City. City may at any time issue a written directive ordering additions, deletions, or changes to the Work. Contractor shall proceed with the work in accordance with the directive. To the extent the directive results in extra work or requires additional Contract Time, Contractor shall request a Change Order within seven (7) days of receiving the Work Directive. If any costs are not capable of being determined within seven (7) days, then Contractor shall request a Change Order within seven (7) days of when the costs are capable of being determined.
3.3.5 Changes Requested By Contractor. With respect to any matter that may involve or require an adjustment to the Contract Time or the Contract Price, Contractor shall provide written notice of the underlying facts and circumstances that gave rise to the potential change within seven (7) days or prior to the alteration of conditions, whichever is earlier. Failure to give notice shall constitute a waiver of Contractor’s right to a change order. If any costs are not capable of being determined within seven (7) days, then Contractor shall request a Change Order within seven (7) days of when the costs are capable of being determined.
3.4 Substitutions/”Or Equal”. Pursuant to Public Contract Code Section 3400(b), the City may make a finding that designates certain products, things, or services by specific brand or trade name. Unless specifically designated in this Contract, whenever any material, process, or article is indicated or specified by grade, patent, or proprietary name or by name of manufacturer, such Specifications shall be deemed to be used for the purpose of facilitating the description of the material, process or article desired and shall be deemed to be followed by the words “or equal.”
Contractor may, unless otherwise stated, offer for substitution any material, process or article which shall be substantially equal or better in every respect to that so indicated or specified in this Contract. However, the City may have adopted certain uniform standards for certain materials, processes and articles. Contractor shall submit requests, together with substantiating data, for substitution of any “or equal” material, process or article no later than thirty-five (35) days after award of the Contract. To facilitate the construction schedule and sequencing, some requests may need to be submitted before thirty-five (35) days after award of Contract. Provisions regarding submission of “or equal” requests shall not in any way authorize an extension of time for performance of this Contract. If a proposed “or equal” substitution request is rejected, Contractor shall be responsible for providing the specified material, process or article. The burden of proof as to the equality of any material, process or article shall rest with Contractor.
The City has the complete and sole discretion to determine if a material, process or article is an “or equal” material, process or article that may be substituted. Data required to substantiate requests for substitutions of an “or equal” material, process or article data shall include a signed affidavit from Contractor stating that, and describing how, the substituted “or equal” material, process or article is equivalent to that specified in every way except as listed on the affidavit.
Substantiating data shall include any and all illustrations, specifications, and other relevant data including catalog information which describes the requested substituted “or equal” material, process or article, and substantiates that it is an “or equal” to the material, process or article. The substantiating data must also include information regarding the durability and lifecycle cost of the requested substituted “or equal” material, process or article. Failure to submit all the required substantiating data, including the signed affidavit, to the City in a timely fashion will result in the rejection of the proposed substitution.
Contractor shall bear all of the City’s costs associated with the review of substitution requests. Contractor shall be responsible for all costs related to a substituted “or equal” material, process or article. Contractor is directed to the Special Conditions (if any) to review any findings made pursuant to Public Contract Code section 3400.
3.5 Period of Performance and Liquidated Damages.
3.5.1 Contractor shall perform and complete all Work under this Contract within 30 days, beginning the effective date of the Notice to Proceed (“Contract Time”). Contractor shall perform its Work in strict accordance with any completion schedule, construction schedule or project milestones developed by the City. Such schedules or milestones may be included as part of Exhibits “A” or “B” attached hereto, or may be provided separately in writing to Contractor.
Contractor agrees that if such Work is not completed within the aforementioned Contract Time and/or pursuant to any such completion schedule, construction schedule or project milestones developed pursuant to provisions of the Contract, it is understood, acknowledged and agreed that the City will suffer damage. Pursuant to Government Code Section 53069.85, Contractor shall pay to the City as fixed and liquidated damages the sum of Five Hundred Dollars ($500.00) per day for each and every calendar day of delay beyond the Contract Time or beyond any completion schedule, construction schedule or Project milestones established pursuant to the Contract.
3.5.2 If Contractor is delayed in the performance or progress of the Work by a Force Majeure Event (as defined herein), then the Contractor shall be entitled to a time extension, as provided herein, when the Work stopped is on the critical path and shall not be charged liquidated damages. Such a non-compensable adjustment shall be Contractor’s sole and exclusive remedy for such delays and the Contractor will not receive an adjustment to the Total Contract Price or any other compensation. Contractor must submit a timely request in accordance with the requirements of the Contract.
3.5.3 A Force Majeure Event shall mean an event that materially affects a party’s performance and is one or more of the following: (1) Acts of God or other natural disasters occurring at the project site; (2) terrorism or other acts of a public enemy; (3) orders of governmental authorities (including, without limitation, unreasonable and unforeseeable delay in the issuance of permits or approvals by governmental authorities that are required for the work); (4) pandemics, epidemics or quarantine restrictions; and (5) strikes and other organized labor action occurring at the project site and the effects thereof on the work, only to the extent such strikes and other organized labor action are beyond the control of Contractor and its subcontractors, of every tier, and to the extent the effects thereof cannot be avoided by use of replacement workers. For purposes of this section, “orders of governmental authorities,” includes ordinances, emergency proclamations and orders, rules to protect the public health, welfare and safety, and other actions of the City in its capacity as a municipal authority.
3.6 Standard of Performance; Performance of Employees. Contractor shall perform all Work under this Contract in a skillful and workmanlike manner, and consistent with the standards generally recognized as being employed by professionals in the same discipline in the State of California. Contractor represents and maintains that it is skilled in the professional calling necessary to perform the Work. Contractor warrants that all employees and subcontractors shall have sufficient skill and experience to perform the Work assigned to them.
Finally, Contractor represents that it, its employees and subcontractors have all licenses, permits, qualifications and approvals of whatever nature that are legally required to perform the Work, including a City Business License, and that such licenses and approvals shall be maintained throughout the term of this Contract. As provided for in the indemnification provisions of this Contract, Contractor shall perform, at its own cost and expense and without reimbursement from the City, any work necessary to correct errors or omissions which are caused by Contractor’s failure to comply with the standard of care provided for herein. Any employee who is determined by the City to be uncooperative, incompetent, a threat to the safety of persons or the Work, or any employee who fails or refuses to perform the Work in a manner acceptable to the City, shall be promptly removed from the Project by Contractor and shall not be re-employed on the Work.
3.7 Control and Payment of Subordinates; Contractual Relationship. City retains Contractor on an independent contractor basis and Contractor is not an employee of City. Any additional personnel performing the work governed by this Contract on behalf of Contractor shall at all times be under Contractor’s exclusive direction and control. Contractor shall pay all wages, salaries, and other amounts due such personnel in connection with their performance under this Contract and as required by law. Contractor 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, and workers’ compensation insurance.
3.8 City’s Basic Obligation. City agrees to engage and does hereby engage Contractor as an independent contractor to furnish all materials and to perform all Work according to the terms and conditions herein contained for the sum set forth above. Except as otherwise provided in the Contract, the City shall pay to Contractor, as full consideration for the satisfactory performance by Contractor of the services and obligations required by this Contract, the belowreferenced compensation in accordance with compensation provisions set forth in the Contract.
3.9 Labor.
3.9.1 Prevailing Wages. Contractor 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. Since the Work is 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, Contractor agrees to fully comply with such Prevailing Wage Laws. City shall provide Contractor with a copy of the prevailing rates of per diem wages in effect at the commencement of this Contract. Contractor 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 Contractor’s principal place of business and at the project site. Contractor shall defend, indemnify and hold the City, its officials, officers, employees and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. Contractor and any subcontractor shall forfeit a penalty of up to $200 per calendar day or portion thereof for each worker paid less than the prevailing wage rates.
3.9.2 Apprenticeable Crafts. When Contractor employs workmen in an apprenticeable craft or trade, Contractor shall comply with the provisions of Section 1777.5 of the California Labor Code with respect to the employment of properly registered apprentices upon public works. The primary responsibility for compliance with said section for all apprenticeable occupations shall be with Contractor. The Contractor or any subcontractor that is determined by the Labor Commissioner to have knowingly violated Section 1777.5 shall forfeit as a civil penalty an amount not exceeding $100 for each full calendar day of noncompliance, or such greater amount as provided by law.
3.9.3 Hours of Work. Contractor is advised that eight (8) hours labor constitutes a legal day’s work. Pursuant to Section 1813 of the California Labor Code, Contractor shall forfeit a penalty of $25.00 per worker for each day that each worker is permitted to work more than eight (8) hours in any one calendar day and forty (40) hours in any one calendar week, except when payment for overtime is made at not less than one and one-half (1-1/2) times the basic rate for that worker.
3.9.4 Payroll Records. Contractor and each subcontractor shall keep an accurate payroll record, showing the name, address, social security number, work classification, straight time and overtime hours worked each day and week, and the actual per diem wages paid to each journeyman, apprentice, worker, or other employee employed by him or her in connection with the public work. The payroll records shall be certified and shall be available for inspection at all reasonable hours at the principal office of Contractor in the manner provided in Labor Code section 1776. In the event of noncompliance with the requirements of this section, Contractor shall have 10 days in which to comply subsequent to receipt of written notice specifying in what respects such Contractor must comply with this section. Should noncompliance still be evident after such 10-day period, Contractor shall, as a penalty to City, forfeit not more than $100.00 for each calendar day or portion thereof, for each worker, until strict compliance is effectuated. The amount of the forfeiture is to be determined by the Labor Commissioner. A contractor who is found to have violated the provisions of law regarding wages on Public Works with the intent to defraud shall be ineligible to bid on Public Works contracts for a period of one to three years as determined by the Labor Commissioner. Upon the request of the Division of Apprenticeship Standards or the Division of Labor Standards Enforcement, such penalties shall be withheld from progress payments then due. The responsibility for compliance with this section is on Contractor.
In accordance with Labor Code section 1771.4, the Contractor and each subcontractor shall furnish the certified payroll records directly to the Department of Industrial Relations (“DIR”) on a weekly basis and in the format prescribed by the DIR, which may include electronic submission.
The requirement to submit certified payroll records directly to the Labor Commissioner under Labor Code section 1771.4 shall not apply to work performed on a public works project that is exempt pursuant to the small project exemption specified in Labor Code Section 1771.4.
3.9.5 Contractor and Subcontractor Registration. Pursuant to Labor Code sections 1725.5 and 1771.1, all contractors and subcontractors that wish to bid on, be listed in a bid proposal, or enter into a contract to perform public work must be registered with the DIR. No bid will be accepted nor any contract entered into without proof of the contractor’s and subcontractors’ current registration with the DIR to perform public work. Contractor is directed to review, fill out and execute the Public Works Contractor Registration Certification attached hereto as Exhibit “E” prior to contract execution. Notwithstanding the foregoing, the contractor registration requirements mandated by Labor Code Sections 1725.5 and 1771.1 shall not apply to work performed on a public works project that is exempt pursuant to the small project exemption specified in Labor Code Sections 1725.5 and 1771.1.
3.9.6 Labor Compliance; Stop Orders. This Project is subject to compliance monitoring and enforcement by the DIR. It shall be the Contractor’s sole responsibility to evaluate and pay the cost of complying with all labor compliance requirements under this Contract and applicable law. Any stop orders issued by the DIR against Contractor or any subcontractor that affect Contractor’s performance of Work, including any delay, shall be Contractor’s sole responsibility. Any delay arising out of or resulting from such stop orders shall be considered Contractor caused delay subject to any applicable liquidated damages and shall not be compensable by the City. Contractor shall defend, indemnify and hold the City, its officials, officers, employees and agents free and harmless from any claim or liability arising out of stop orders issued by the DIR against Contractor or any subcontractor.
3.10 Performance of Work; Jobsite Obligations.
3.10.1 Water Quality Management and Compliance.
3.10.1.1 Water Quality Management and Compliance. Contractor shall keep itself and all subcontractors, staff, and employees fully informed of and in compliance with all local, state and federal laws, rules and regulations that may impact, or be implicated by the performance of the Work including, without limitation, all applicable provisions of the Federal Water Pollution Control Act (33 U.S.C. §§ 1300); the California Porter-Cologne Water Quality Control Act (Cal Water Code §§ 13000-14950); local ordinances regulating discharges of storm water; and any and all regulations, policies, or permits issued pursuant to any such authority regulating the discharge of pollutants, as that term is used in the Porter-Cologne Water Quality Control Act, to any ground or surface water in the State.
3.10.1.2 Compliance with the Statewide Construction General Permit.
Contractor shall comply with all conditions of the most recent iteration of the National Pollutant Discharge Elimination System General Permit for Storm Water Discharges Associated with Construction Activity, issued by the California State Water Resources Control Board (“Permit”). It shall be Contractor’s sole responsibility to file a Notice of Intent and procure coverage under the Permit for all construction activity which results in the disturbance of more than one acre of total land area or which is part of a larger common area of development or sale. Prior to initiating work, Contractor shall be solely responsible for preparing and implementing a Storm Water Pollution Prevention Plan (SWPPP) as required by the Permit. Contractor shall be responsible for procuring, implementing and complying with the provisions of the Permit and the SWPPP, including the standard provisions, and monitoring and reporting requirements as required by the Permit. The Permit requires the SWPPP to be a “living document” that changes as necessary to meet the conditions and requirements of the job site as it progresses through difference phases of construction and is subject to different weather conditions. It shall be Contractor’s sole responsibility to update the SWPPP as necessary to address conditions at the project site.
3.10.1.3 Other Water Quality Rules Regulations and Policies. Contractor shall comply with the lawful requirements of any applicable municipality, drainage City, or local agency regarding discharges of storm water to separate storm drain systems or other watercourses under their jurisdiction, including applicable requirements in municipal storm water management programs.
3.10.1.4 Cost of Compliance. Storm, surface, nuisance, or other waters may be encountered at various times during construction of the Work. Therefore, the Contractor, hereby acknowledges that it has investigated the risk arising from such waters and assumes any and all risks and liabilities arising therefrom.
3.10.1.5 Liability for Non-Compliance. Failure to comply with laws, regulations, standards, ordinances, and permits listed in Sections 3.10.1.1, 3.10.1.2, 3.10.1.3, and 3.10.1.4 of the Contract is a violation of federal and state law. Pursuant to the indemnification provisions of this Contract, Contractor hereby agrees to defend, indemnify and hold harmless the City and its directors, officials, officers, employees, volunteers and agents for any alleged violations. In addition, City may seek damages from Contractor for any delay in completing the Work in accordance with the Contract, if such delay is caused by or related to Contractor’s failure to comply with the Permit.
3.10.1.6 Reservation of Right to Defend. City reserves the right to defend any enforcement action brought against the City for Contractor’s failure to comply with the Permit or any other relevant water quality law, regulation, or policy. Pursuant to the indemnification provisions of this Contract, Contractor hereby agrees to be bound by, and to reimburse the City for the costs (including the City’s attorney’s fees) associated with, any settlement reached between the City and the relevant enforcement entity.
3.10.1.7 Training. In addition to the standard of performance requirements set forth in this Contract, Contractor warrants that all employees and subcontractors shall have sufficient skill and experience to perform the work assigned to them without impacting water quality in violation of the laws, regulations and policies described in paragraph 3.10.1.
Contractor further warrants that it, its employees and subcontractors will receive adequate training, as determined by City, regarding the requirements of the laws, regulations and policies described in paragraph 3.10.1 as they may relate to the Work provided under this Contract. Upon request, City will provide the Contractor with a list of training programs that meet the requirements of this paragraph.
3.10.2 Safety. Contractor shall execute and maintain its work so as to avoid injury or damage to any person or property. Contractor shall comply with the requirements of the specifications relating to safety measures applicable in particular operations or kinds of work. In carrying out its Work, Contractor 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, adequate life protection and lifesaving equipment; adequate illumination for underground and night operations; instructions in accident prevention for all employees, such as machinery guards, safe walkways, scaffolds, ladders, bridges, gang planks, confined space procedures, trenching and shoring, fall protection and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and adequate facilities for the proper inspection and maintenance of all safety measures. Furthermore, Contractor shall prominently display the names and telephone numbers of at least two medical doctors practicing in the vicinity of the Project, as well as the telephone number of the local ambulance service, adjacent to all telephones at the Project site.
3.10.3 Laws and Regulations. Contractor 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 Contract or the Work, including all Cal/OSHA requirements, and shall give all notices required by law. Contractor shall be liable for all violations of such laws and regulations in connection with the Work. If Contractor observes that the drawings or specifications are at variance with any law, rule or regulation, it shall promptly notify the City in writing. Any necessary changes shall be made by written change order. If Contractor performs any work knowing it to be contrary to such laws, rules and regulations and without giving written notice to the City, Contractor shall be solely responsible for all costs arising therefrom. City is a public entity of the State of California subject to certain provisions of the Health & Safety Code, Government Code, Public Contract Code, and Labor Code of the State. It is stipulated and agreed that all provisions of the law applicable to the public contracts of a municipality are a part of this Contract to the same extent as though set forth herein and will be complied with. Contractor shall defend, indemnify and hold City, its officials, directors, officers, employees and agents free and harmless, pursuant to the indemnification provisions of this Contract, from any claim or liability arising out of any failure or alleged failure to comply with such laws, rules or regulations.
3.10.4 Permits and Licenses. Contractor shall be responsible for securing City permits and licenses necessary to perform the Work described herein, including, but not limited to, a City Business License. While Contractor will not be charged a fee for any City permits, Contractor shall pay the City’s applicable business license fee. Any ineligible contractor or subcontractor pursuant to Labor Code Sections 1777.1 and 1777.7 may not perform work on this Project.
3.10.5 Trenching Work. If the Total Contract Price exceeds $25,000 and if the Work governed by this Contract entails excavation of any trench or trenches five (5) feet or more in depth, Contractor shall comply with all applicable provisions of the California Labor Code, including Section 6705. To this end, Contractor shall submit for City’s review and approval a detailed plan showing the design of shoring, bracing, sloping, or other provisions to be made for worker protection from the hazard of caving ground during the excavation of such trench or trenches. If such plan varies from the shoring system standards, the plan shall be prepared by a registered civil or structural engineer.
3.10.6 Hazardous Materials and Differing Conditions. As required by California Public Contract Code Section 7104, if this Contract involves digging trenches or other excavations that extend deeper than four (4) feet below the surface, Contractor shall promptly, and prior to disturbance of any conditions, notify City of: (1) any material discovered in excavation that Contractor believes to be a hazardous waste that is required to be removed to a Class I, Class II or Class III disposal site; (2) subsurface or latent physical conditions at the site differing from those indicated by City; and (3) unknown physical conditions of an unusual nature at the site, significantly different from those ordinarily encountered in such contract work. Upon notification, City shall promptly investigate the conditions to determine whether a change order is appropriate.
In the event of a dispute, Contractor shall not be excused from any scheduled completion date and shall proceed with all Work to be performed under the Contract, but shall retain all rights provided by the Contract or by law for making protests and resolving the dispute.
3.10.7 Underground Utility Facilities. To the extent required by Section 4215 of the California Government Code, City shall compensate Contractor for the costs of: (1) locating and repairing damage to underground utility facilities not caused by the failure of Contractor to exercise reasonable care; (2) removing or relocating underground utility facilities not indicated in the construction drawings; and (3) equipment necessarily idled during such work. Contractor shall not be assessed liquidated damages for delay caused by failure of City to provide for removal or relocation of such utility facilities.
3.10.8 Air Quality. Contractor must fully comply with all applicable laws, rules and regulations in furnishing or using equipment and/or providing services, including, but not limited to, emissions limits and permitting requirements imposed by the California Air Resources Board (CARB). Although CARB limits and requirements are more broad, Contractor shall specifically be aware of their application to “portable equipment”, which definition is considered by CARB to include any item of equipment with a fuel-powered engine. Contractor shall indemnify City against any fines or penalties imposed by CARB, or any other governmental or regulatory agency for violations of applicable laws, rules and/or regulations by Contractor, its subcontractors, or others for whom Contractor is responsible under its indemnity obligations provided for in this Contract.
3.10.9 State Recycling Mandates. Contractor shall comply with State Recycling Mandates. Any recyclable materials/debris collected by the contractor that can be feasibly diverted via reuse or recycling must be hauled by the appropriate handler for reuse or recycling.
3.10.10 Inspection Of Site. Contractor has visited sites where Work is to be performed and has become acquainted with all conditions affecting the Work. Contractor warrants that it has made such examinations as it deems necessary to determine the condition of the Work sites, its accessibility to materials, workmen and equipment, and to determine the Contractor’s ability to protect existing surface and subsurface improvements. No claim for allowances–time or money–will be allowed as to such matters.
3.10.11 Field Measurements. Contractor shall make field measurements, verify field conditions and shall carefully compare such field measurements and conditions and other information known to Contractor with the Contract Documents before commencing activities.
Errors, inconsistencies or omissions discovered shall be reported to the City immediately and prior to performing any work or altering the condition.
3.11 Completion of Work. When Contractor determines that it has completed the Work required herein, Contractor shall so notify City in writing and shall furnish all labor and material releases required by this Contract. City shall thereupon inspect the Work. If the Work is not acceptable to the City, the City shall indicate to Contractor in writing the specific portions or items of Work which are unsatisfactory or incomplete. Once Contractor determines that it has completed the incomplete or unsatisfactory Work, Contractor may request a re-inspection by the City. Once the Work is acceptable to City, City shall pay to Contractor the Total Contract Price remaining to be paid, less any amount which City may be authorized or directed by law to retain.
Payment of retention proceeds due to Contractor shall be made in accordance with Section 7107 of the California Public Contract Code.
3.12 Claims; Government Code Claim Compliance.
3.12.1 Intent. Effective January 1, 1991, Section 20104 et seq., of the California Public Contract Code prescribes a process utilizing informal conferences, non-binding judicial supervised mediation, and judicial arbitration to resolve disputes on construction claims of $375,000 or less. Effective January 1, 2017, Section 9204 of the Public Contract Code prescribes a process for negotiation and mediation to resolve disputes on construction claims.
The intent of this Section is to implement Sections 20104 et seq. and Section 9204 of the California Public Contract Code. This Section shall be construed to be consistent with said statutes.
3.12.2 Claims. For purposes of this Section, “Claim” means a separate demand by the Contractor, after a change order duly requested in accordance with the terms of this Contract has been denied by the City, for (A) a time extension, (B) payment of money or damages arising from Work done by or on behalf of the Contractor pursuant to the Contract, or (C) an amount the payment of which is disputed by the City. A “Claim” does not include any demand for payment for which the Contractor has failed to provide notice, request a change order, or otherwise failed to follow any procedures contained in the Contract Documents.
3.12.3 Filing Claims. Claims governed by this Section may not be filed unless and until the Contractor completes all procedures for giving notice of delay or change and for the requesting of a time extension or change order, including but not necessarily limited to the change order procedures contained herein, and Contractor’s request for a change has been denied in whole or in part. Claims governed by this Section must be filed no later than fourteen (14) days after a request for change has been denied in whole or in part or after any other event giving rise to the Claim. The Claim shall be submitted in writing to the City and shall include on its first page the following in 16 point capital font: “THIS IS A CLAIM.” Furthermore, the claim shall include the documents necessary to substantiate the claim. Nothing in this Section is intended to extend the time limit or supersede notice requirements otherwise provided by contract for the filing of claims, including all requirements pertaining to compensation or payment for extra Work, disputed Work, and/or changed conditions. Failure to follow such contractual requirements shall bar any claims or subsequent lawsuits for compensation or payment thereon.
3.12.4 Supporting Documentation. The Contractor shall submit all claims in the following format:
3.12.4.1 Summary of claim merit and price, reference Contract Document provisions pursuant to which the claim is made
3.12.4.2 List of documents relating to claim:
(A) Specifications
(B) Drawings
(C) Clarifications (Requests for Information)
(D) Schedules
(E) Other
3.12.4.3 Chronology of events and correspondence
3.12.4.4 Analysis of claim merit
3.12.4.5 Analysis of claim cost, including calculations and supporting documents
3.12.4.6 Time impact analysis in CPM format
3.12.5 City’s Response. Upon receipt of a Claim pursuant to this Section, City shall conduct a reasonable review of the Claim and, within a period not to exceed 45 days of receipt of the Claim, or as extended by mutual agreement, shall provide the Contractor a written statement identifying what portion of the Claim is disputed and what portion is undisputed. Any payment due on an undisputed portion of the Claim will be processed and made within 60 days after the City issues its written statement.
3.12.5.1 If City needs approval from its governing body to provide the Contractor a written statement identifying the disputed portion and the undisputed portion of the Claim, and the governing body does not meet within the 45 days or within the mutually agreed to extension of time following receipt of a Claim sent by registered mail or certified mail, return receipt requested, City shall have up to three (3) days following the next duly publicly noticed meeting of the governing body after the 45-day period, or extension, expires to provide the Contractor a written statement identifying the disputed portion and the undisputed portion.
3.12.5.2 Within 30 days of receipt of a Claim, City may request in writing additional documentation supporting the Claim or relating to defenses or claims City may have against the Contractor. If additional information is thereafter required, it shall be requested and provided pursuant to this subdivision, upon mutual agreement of City and the Contractor. City’s written response to the Claim, shall be submitted to the Contractor within 30 Days (if the Claim is less than $50,000, within 15 Days) after receipt of the additional documentation, or within a period of time no greater than that taken by the Contractor in producing the additional information or requested documentation, whichever is greater.
3.12.6 Meet and Confer. If the Contractor disputes City’s written response, or City fails to respond within the time prescribed, the Contractor may so notify City, in writing, within 15 Days of receipt of City’s response or the City’s failure to respond, and demand an informal conference to meet and confer for settlement of the issues in dispute. Upon receipt of a demand, City shall schedule a meet and confer conference within 30 Days for settlement of the dispute.
3.12.7 Mediation. Within 10 business days following the conclusion of the meet and confer conference, if the Claim or any portion of the Claim remains in dispute, City shall provide the Contractor a written statement identifying the portion of the Claim that remains in dispute and the portion that is undisputed. Any payment due on an undisputed portion of the Claim shall be processed and made within 60 Days after City issues its written statement. Any disputed portion of the Claim, as identified by the Contractor in writing, shall be submitted to nonbinding mediation, with City and the Contractor sharing the associated costs equally. City and Contractor shall mutually agree to a mediator within 10 business days after the disputed portion of the Claim has been identified in writing, unless the Parties agree to select a mediator at a later time.
3.12.7.1 If the Parties cannot agree upon a mediator, each Party shall select a mediator and those mediators shall select a qualified neutral third party to mediate with regard to the disputed portion of the claim. Each Party shall bear the fees and costs charged by its respective mediator in connection with the selection of the neutral mediator.
3.12.7.2 For purposes of this section, mediation includes any nonbinding process, including, but not limited to, neutral evaluation or a dispute review board, in which an independent third party or board assists the Parties in dispute resolution through negotiation or by issuance of an evaluation. Any mediation utilized shall conform to the timeframes in this section.
3.12.7.3 Unless otherwise agreed to by City and the Contractor in writing, the mediation conducted pursuant to this section shall excuse any further obligation under Section 20104.4 to mediate after litigation has been commenced.
3.12.7.4 The mediation shall be held no earlier than the date the Contractor completes the Work or the date that the Contractor last performs Work, whichever is earlier. All unresolved Claims shall be considered jointly in a single mediation, unless a new unrelated Claim arises after mediation is completed.
3.12.8 Procedures After Mediation. If following the mediation, the Claim or any portion remains in dispute, the Contractor must file a claim pursuant to Chapter 1 (commencing with Section 900) and Chapter 2 (commencing with Section 910) of Part 3 of Division 3.6 of Title 1 of the Government Code. For purposes of those provisions, the running of the period of time within which a claim must be filed shall be tolled from the time the Contractor submits his or her written Claim pursuant to subdivision (a) until the time the Claim is denied, including any period of time utilized by the meet and confer conference or mediation.
3.12.9 Civil Actions. The following procedures are established for all civil actions filed to resolve Claims of $375,000 or less:
3.12.9.1 Within 60 Days, but no earlier than 30 Days, following the filing or responsive pleadings, the court shall submit the matter to non-binding mediation unless waived by mutual stipulation of both Parties or unless mediation was held prior to commencement of the action in accordance with Public Contract Code section 9204 and the terms of these procedures.
The mediation process shall provide for the selection within 15 Days by both Parties of a disinterested third person as mediator, shall be commenced within 30 Days of the submittal, and shall be concluded within 15 Days from the commencement of the mediation unless a time requirement is extended upon a good cause showing to the court.
3.12.9.2 If the matter remains in dispute, the case shall be submitted to judicial arbitration pursuant to Chapter 2.5 (commencing with Section 1141.10) of Title 3 of Part 3 of the Code of Civil Procedure, notwithstanding Section 1114.11 of that code. The Civil Discovery Act of 1986 (Article 3 (commencing with Section 2016) of Chapter 3 of Title 3 of Part 4 of the Code of Civil Procedure) shall apply to any proceeding brought under this subdivision consistent with the rules pertaining to judicial arbitration.
3.12.9.3 In addition to Chapter 2.5 (commencing with Section 1141.10) of Title 3 of Part 3 of the Code of Civil Procedure, (A) arbitrators shall, when possible, be experienced in construction law, and (B) any party appealing an arbitration award who does not obtain a more favorable judgment shall, in addition to payment of costs and fees under that chapter, also pay the attorney’s fees on appeal of the other party.
3.12.10 Government Code Claim Procedures.
3.12.10.1 This section does not apply to tort claims and nothing in this section is intended nor shall be construed to change the time periods for filing tort claims or actions specified by Chapter 1 (commending with Section 900) and Chapter 2 (commencing with Section 910) of Part 3 of Division 3.5 of Title 1 of the Government Code.
3.12.10.2 In addition to any and all Contract requirements pertaining to notices of and requests for adjustments to the Contract Time, Contract Price, or compensation or payment for extra work, disputed work, claims and/or changed conditions, Contractor must comply with the claim procedures set forth in Government Code sections 900 et seq. prior to filing any lawsuit against the City.
3.12.10.3 Such Government Code claims and any subsequent lawsuit based upon the Government Code claims shall be limited to those matters that remain unresolved after all procedures pertaining to adjustment of the Contract Time, Contract Price, or compensation or payment for extra work, disputed work, claims, and/or changed conditions have been followed by Contractor. If no such Government Code claim is submitted, or if any prerequisite contractual requirements are not otherwise satisfied as specified herein, Contractor may not file any action against the City.
3.12.10.4 A Government Code claim must be filed no earlier than the date the work is completed or the date the Contractor last performs work on the Project, whichever occurs first. A Government Code claim shall be inclusive of all unresolved Claims known to the Contractor excepting only new unrelated Claims that arise after the Government Code claim is submitted.
3.12.11 Non-Waiver. City’s failure to respond to a Claim from the Contractor within the time periods described in this section or to otherwise meet the time requirements of this section shall result in the Claim being deemed rejected in its entirety and shall not constitute a waiver of any rights under this section.
3.13 Loss and Damage. Except as may otherwise be limited by law, Contractor shall be responsible for all loss and damage which may arise out of the nature of the Work agreed to herein, or from the action of the elements, or from any unforeseen difficulties which may arise or be encountered in the prosecution of the Work until the same is fully completed and accepted by City. In the event of damage proximately caused by an Act of God, as defined by Section 7105 of the Public Contract Code, the City may terminate this Contract pursuant to the termination provisions in this Contract; provided, however, that the City needs to provide Contractor with only one (1) day advanced written notice.
3.14 Indemnification.
3.14.1 Scope of Indemnity. To the fullest extent permitted by law, Contractor shall defend, indemnify and hold the City, its officials, employees, agents and volunteers free and harmless from any and all claims, demands, causes of action, suits, actions, proceedings, costs, expenses, liability, judgments, awards, decrees, settlements, loss, damage or injury of any kind, in law or equity, regardless of whether the allegations are false, fraudulent, or groundless, to property or persons, including wrongful death, (collectively, “Claims”) in any manner arising out of, pertaining to, or incident to any acts, errors or omissions, or willful misconduct of Contractor, its officials, officers, employees, subcontractors, consultants or agents in connection with the performance of the Contractor’s services, the Project or this Contract, including without limitation the payment of all expert witness fees, attorneys’ fees and other related costs and expenses.
Notwithstanding the foregoing, to the extent required by Civil Code section 2782, Contractor’s indemnity obligation shall not apply to such loss or damage which is caused by the sole or active negligence or willful misconduct of the City.
3.14.2 Additional Indemnity Obligations. Contractor shall defend, with counsel of City’s choosing and at Contractor’s own cost, expense and risk, any and all Claims covered by this section that may be brought or instituted against City or its officials, employees, agents and authorized volunteers. In addition, Contractor shall pay and satisfy any judgment, award or decree that may be rendered against City or its officials, employees, agents and authorized volunteers as part of any such claim, suit, action or other proceeding. Contractor shall also reimburse City for the cost of any settlement paid by City or its officials, employees, agents and authorized volunteers as part of any such claim, suit, action or other proceeding. Such reimbursement shall include payment for City’s attorney’s fees and costs, including expert witness fees. Contractor shall reimburse City and its officials, employees, agents and authorized volunteers, for any and all legal expenses and costs incurred by each of them in connection therewith or in enforcing the indemnity herein provided. Contractor’s obligation to indemnify shall survive expiration or termination of this Contract, and shall not be restricted to insurance proceeds, if any, received by the City, its officials, employees, agents and authorized volunteers.
3.15 Insurance.
3.15.1 Time for Compliance. Contractor shall not commence Work under this Contract until it has provided evidence satisfactory to the City that it has secured all insurance required under this section. In addition, Contractor shall not allow any subcontractor to commence work on any subcontract until it has provided evidence satisfactory to the City that the subcontractor has secured all insurance required under this section. Failure to provide and maintain all required insurance shall be grounds for the City to terminate this Contract for cause.
3.15.2 Minimum Requirements. Contractor shall, at its expense, procure and maintain for the duration of the Contract insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Work hereunder by Contractor, its agents, representatives, employees or subcontractors. Contractor shall also require all of its subcontractors to procure and maintain the same insurance for the duration of the Contract. Such insurance shall meet at least the following minimum levels of coverage:
3.15.2.1 Minimum Scope of Insurance. Coverage shall be at least as broad as the latest version of the following: (1) General Liability: Insurance Services Office Commercial General Liability coverage (occurrence form CG 00 01) OR Insurance Services Office Owners and Contractors Protective Liability Coverage Form (CG 00 09 11 88) (coverage for operations of designated contractor); (2) Automobile Liability: Insurance Services Office Business Auto Coverage form number CA 00 01, code 1 (any auto); (3) Workers’ Compensation and Employer’s Liability: Workers’ Compensation insurance as required by the State of California and Employer’s Liability Insurance; and (4) Builders’/All Risk: Builders’/All Risk insurance covering for all risks of loss, including explosion, collapse, underground excavation and removal of lateral support (and including earthquakes and floods if requested by the City). Policies shall not contain exclusions contrary to this Contract.
3.15.2.2 Minimum Limits of Insurance. Contractor shall maintain limits no less than: (1) General Liability: $1,000,000 per occurrence and $2,000,000 general aggregate for bodily injury, personal injury and property damage; (2) Automobile Liability: $1,000,000 per accident for bodily injury and property damage; (3) Workers’ Compensation and Employer’s Liability: Workers’ compensation limits as required by the Labor Code of the State of California.
Employer’s Liability limits of $1,000,000 each accident, policy limit bodily injury or disease, and each employee bodily injury or disease; and (4) Builders’/All Risk: Completed value of the project.
Defense costs shall be available in addition to the limits. Notwithstanding the minimum limits specified herein, any available coverage shall be provided to the parties required to be named as additional insureds pursuant to this Contract.
3.15.2.3 Notices; Cancellation or Reduction of Coverage. At least fifteen (15) days prior to the expiration of any such policy, evidence showing that such insurance coverage has been renewed or extended shall be filed with the City. If such coverage is cancelled or materially reduced, Contractor 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. In the event any policy of insurance required under this Contract does not comply with these specifications or is canceled and not replaced, the City has the right but not the duty to obtain the insurance it deems necessary and any premium paid by the City will be promptly reimbursed by Contractor or the City may withhold amounts sufficient to pay premium from Contractor payments. In the alternative, the City may suspend or terminate this Contract.
3.15.3 Insurance Endorsements. The insurance policies shall contain the following provisions, or Contractor shall provide endorsements (amendments) on forms supplied or approved by the City to add the following provisions to the insurance policies:
3.15.3.1 General Liability. (1) Such policy shall give the City, its officials, employees, agents and volunteers additional insured status using ISO endorsements CG20 10 10 01 plus CG20 37 10 01, or endorsements providing the exact same coverage, with respect to the Work or operations performed by or on behalf of Contractor, including materials, parts or equipment furnished in connection with such work; (2) all policies shall waive or shall permit Contractor to waive all rights of subrogation which may be obtained by the Contractor or any insurer by virtue of payment of any loss or any coverage provided to any person named as an additional insured pursuant to this Contract, and Contractor agrees to waive all such rights of subrogation; and (3) the insurance coverage shall be primary insurance as respects the City, its officials, employees, agents and volunteers, or if excess, shall stand in an unbroken chain of coverage excess of Contractor’s scheduled underlying coverage. Any insurance or self-insurance maintained by the City, its officials, employees, agents and volunteers shall be excess of Contractor’s insurance and shall not be called upon to contribute with it.
3.15.3.2 Automobile Liability. (1) Such policy shall give the City, its officials, employees, agents and volunteers additional insured status with respect to the ownership, operation, maintenance, use, loading or unloading of any auto owned, leased, hired or borrowed by Contractor or for which Contractor is responsible; (2) all policies shall waive or shall permit Contractor to waive all rights of subrogation which may be obtained by the Contractor or any insurer by virtue of payment of any loss or any coverage provided to any person named as an additional insured pursuant to this Contract, and Contractor agrees to waive all such rights of subrogation; and (3) the insurance coverage shall be primary insurance as respects the City, its officials, employees, agents and volunteers, or if excess, shall stand in an unbroken chain of coverage excess of Contractor’s scheduled underlying coverage. Any insurance or self-insurance maintained by the City, its officials, employees, agents and volunteers shall be excess of Contractor’s insurance and shall not be called upon to contribute with it in any way.
3.15.3.3 Workers’ Compensation and Employer’s Liability Coverage.
The insurer shall agree to waive all rights of subrogation against the City, its officials, employees, agents and volunteers for losses paid under the terms of the insurance policy which arise from work performed by Contractor.
3.15.3.4 All Coverages. Each insurance policy required by this Contract shall be endorsed to state that: (1) coverage shall not be suspended, voided, reduced or canceled except after thirty (30) days prior written notice by certified mail, return receipt requested, has been given to the City; and (2) any failure to comply with reporting or other provisions of the policies, including breaches of warranties, shall not affect coverage provided to the City, its officials, employees, agents and volunteers.
3.15.4 Builders’/All Risk Policy Requirements. The builders’/all risk insurance shall provide that the City be named as loss payee. In addition, the insurer shall waive all rights of subrogation against the City.
3.15.5 Separation of Insureds; No Special Limitations. All insurance required by this Section shall contain standard separation of insureds provisions. In addition, such insurance shall not contain any special limitations on the scope of protection afforded to the City, its officials, employees, agents and volunteers.
3.15.6 Professional Liability Insurance. All architects, engineers, consultants or design professionals retained by Contractor shall also procure and maintain, for a period of five (5) years following completion of the Contract, errors and omissions liability insurance with a limit of not less than $1,000,000 per occurrence. This insurance shall name the City, its directors, officials, officers, employees, agents and volunteers as additional and insureds with respect to Work performed, and shall otherwise comply with all requirements of this Section. Defense costs shall be paid in addition to the limits.
3.15.7 Deductibles and Self-Insurance Retentions. Any deductibles or selfinsured retentions must be declared to and approved by the City. Contractor shall guarantee that, at the option of the City, either: (1) the insurer shall reduce or eliminate such deductibles or selfinsured retentions as respects the City, its officials, employees, agents and authorized volunteers; or (2) the Contractor shall procure a bond or other financial guarantee acceptable to the City guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses.
3.15.8 Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best’s rating no less than A:VII, licensed to do business in California, and satisfactory to the City. Exception may be made for the State Compensation Insurance Fund when not specifically rated.
3.15.9 Verification of Coverage. Contractor shall furnish City with original certificates of insurance and endorsements effecting coverage required by this Contract on forms satisfactory to 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, and shall be on forms supplied or approved by the City. All certificates and endorsements must be received and approved by the City before work commences. The City reserves the right to require complete, certified copies of all required insurance policies, at any time.
3.15.10 Subcontractors. All subcontractors shall meet the requirements of this Section before commencing Work. Contractor shall furnish separate certificates and endorsements for each subcontractor. Subcontractor policies of General Liability insurance shall name the City, its officials, employees, agents and authorized volunteers as additional insureds using form ISO 20 38 04 13 or endorsements providing the exact same coverage. All coverages for subcontractors shall be subject to all of the requirements stated herein except as otherwise agreed to by the City in writing.
3.15.11 Reporting of Claims. Contractor shall report to the City, in addition to Contractor’s insurer, any and all insurance claims submitted by Contractor in connection with the Work under this Contract.
3.16 Bond Requirements.
3.16.1 Payment Bond. If required by law or otherwise specifically requested by City in Exhibit “C” attached hereto and incorporated herein by reference, Contractor shall execute and provide to City concurrently with this Contract a Payment Bond in an amount required by the City and in a form provided or approved by the City. If such bond is required, no payment will be made to Contractor until the bond has been received and approved by the City.
3.16.2 Performance Bond. If specifically requested by City in Exhibit “C” attached hereto and incorporated herein by reference, Contractor shall execute and provide to City concurrently with this Contract a Performance Bond in an amount required by the City and in a form provided or approved by the City. If such bond is required, no payment will be made to Contractor until the bond has been received and approved by the City.
3.16.3 Bond Provisions. Should, in City’s sole opinion, any bond become insufficient or any surety be found to be unsatisfactory, Contractor shall renew or replace the effected bond within (ten) 10 days of receiving notice from City. In the event the surety or Contractor intends to reduce or cancel any required bond, at least thirty (30) days prior written notice shall be given to the City, and Contractor shall post acceptable replacement bonds at least ten (10) days prior to expiration of the original bonds. No further payments shall be deemed due or will be made under this Contract until any replacement bonds required by this Section are accepted by the City. To the extent, if any, that the Total Contract Price is increased in accordance with the Contract, Contractor shall, upon request of the City, cause the amount of the bond to be increased accordingly and shall promptly deliver satisfactory evidence of such increase to the City. If Contractor fails to furnish any required bond, the City may terminate the Contract for cause.
3.16.4 Surety Qualifications. Only bonds executed by an admitted surety insurer, as defined in California Code of Civil Procedure Section 995.120, shall be accepted. If a California-admitted surety insurer issuing bonds does not meet these requirements, the insurer will be considered qualified if it is in conformance with Section 995.660 of the California Code of Civil Procedure, and proof of such is provided to the City.
3.17 Warranty. Contractor warrants all Work under the Contract (which for purposes of this Section shall be deemed to include unauthorized work which has not been removed and any non-conforming materials incorporated into the Work) to be of good quality and free from any defective or faulty material and workmanship. Contractor agrees that for a period of one year (or the period of time specified elsewhere in the Contract or in any guarantee or warranty provided by any manufacturer or supplier of equipment or materials incorporated into the Work, whichever is later) after the date of final acceptance, Contractor shall within ten (10) days after being notified in writing by the City of any defect in the Work or non-conformance of the Work to the Contract, commence and prosecute with due diligence all Work necessary to fulfill the terms of the warranty at its sole cost and expense. Contractor shall act sooner as requested by the City in response to an emergency. In addition, Contractor shall, at its sole cost and expense, repair and replace any portions of the Work (or work of other contractors) damaged by its defective Work or which becomes damaged in the course of repairing or replacing defective Work. For any Work so corrected, Contractor’s obligation hereunder to correct defective Work shall be reinstated for an additional one year period, commencing with the date of acceptance of such corrected Work.
Contractor shall perform such tests as the City may require to verify that any corrective actions, including, without limitation, redesign, repairs, and replacements comply with the requirements of the Contract. All costs associated with such corrective actions and testing, including the removal, replacement, and reinstitution of equipment and materials necessary to gain access, shall be the sole responsibility of Contractor. All warranties and guarantees of subcontractors, suppliers and manufacturers with respect to any portion of the Work, whether express or implied, are deemed to be obtained by Contractor for the benefit of the City, regardless of whether or not such warranties and guarantees have been transferred or assigned to the City by separate agreement and Contractor agrees to enforce such warranties and guarantees, if necessary, on behalf of the City. In the event that Contractor fails to perform its obligations under this Section, or under any other warranty or guaranty under this Contract, to the reasonable satisfaction of the City, the City shall have the right to correct and replace any defective or non-conforming Work and any work damaged by such work or the replacement or correction thereof at Contractor’s sole expense.
Contractor shall be obligated to fully reimburse the City for any expenses incurred hereunder upon demand.
3.18 Employee/Labor Certifications.
3.18.1 Contractor’s Labor Certification. By its signature hereunder, Contractor certifies that he 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 Work. A certification form for this purpose, which is attached to this Contract as Exhibit “D” and incorporated herein by reference, shall be executed simultaneously with this Contract.
3.18.2 Equal Opportunity Employment. Contractor represents that it is an equal opportunity employer and that it shall not discriminate against any employee or applicant for employment because of race, religion, color, national origin, ancestry, sex, age or other interests protected by the State or Federal Constitutions. 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.
3.18.3 Verification of Employment Eligibility. By executing this Contract, Contractor verifies that it fully complies with all requirements and restrictions of state and federal law respecting the employment of undocumented aliens, including, but not limited to, the Immigration Reform and Control Act of 1986, as may be amended from time to time, and shall require all subcontractors and sub-subcontractors to comply with the same.
3.19 Termination. This Contract may be terminated by City at any time, either with our without cause, by giving Contractor three (3) days advance written notice. In the event of termination by City for any reason other than the fault of Contractor, City shall pay Contractor for all Work performed up to that time as provided herein. In the event of breach of the Contract by Contractor, City may terminate the Contract immediately without notice, may reduce payment to Contractor in the amount necessary to offset City’s resulting damages, and may pursue any other available recourse against Contractor. Contractor may not terminate this Contract except for cause. In the event this Contract is terminated in whole or in part as provided, City may procure, upon such terms and in such manner as it may determine appropriate, services similar to those terminated. Further, if this Contract is terminated as provided, City may require Contractor to provide all finished or unfinished documents, data, diagrams, drawings, materials or other matter prepared or built by Contractor in connection with its performance of this Contract. Contractor shall be required to provide such document and other information within fifteen (15) days of the request.
3.20 General Provisions.
3.20.1 City’s Representative. The City hereby designates the Public Works Director, or his or her designee, to act as its representative for the performance of this Contract (“City’s Representative”). City’s Representative shall have the power to act on behalf of the City for all purposes under this Contract. Contractor shall not accept direction or orders from any person other than the City’s Representative or his or her designee.
3.20.2 Contractor’s Representative. Before starting the Work, Contractor shall submit in writing the name, qualifications and experience of its proposed representative who shall be subject to the review and approval of the City (“′Contractor’s Representative”). Following approval by the City, Contractor’s Representative shall have full authority to represent and act on behalf of Contractor for all purposes under this Contract. Contractor’s Representative shall supervise and direct the Work, using his best skill and attention, and shall be responsible for all construction means, methods, techniques, sequences and procedures and for the satisfactory coordination of all portions of the Work under this Contract. Contractor’s Representative shall devote full time to the Project and either he or his designee, who shall be acceptable to the City, shall be present at the Work site at all times that any Work is in progress and at any time that any employee or subcontractor of Contractor is present at the Work site. Arrangements for responsible supervision, acceptable to the City, shall be made for emergency Work which may be required. Should Contractor desire to change its Contractor’s Representative, Contractor shall provide the information specified above and obtain the City’s written approval.
3.20.3 Contract Interpretation. Should any question arise regarding the meaning or import of any of the provisions of this Contract or written or oral instructions from City, the matter shall be referred to City’s Representative, whose decision shall be binding upon Contractor.
3.20.4 Anti-Trust Claims. This provision shall be operative if this Contract is applicable to California Public Contract Code Section 7103.5. In entering into this Contract to supply goods, services or materials, Contractor hereby offers and agrees to assign to the City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. Section 15) or under the Cartwright Act (Chapter 2, commencing with Section 16700, of Part 2 of Division 7 of the Business and Professions Code) arising from purchases of goods, services, or materials pursuant to the Contract. This assignment shall be made and become effective at the time the City tender final payment to Contractor, without further acknowledgment by the Parties.
3.20.5 Notices. All notices hereunder and communications regarding interpretation of the terms of the Contract or changes thereto shall be provided by the mailing thereof by registered or certified mail, return receipt requested, postage prepaid and addressed as follows:
CONTRACTOR:
INTEGRATED DEMOLITION AND REMEDIATION, INC.
421 E. CERRITOS AVE
ANAHEIM, CA 92805
ATTN: JAY GANDHI
CITY:
CITY OF STANTON
7800 KATELLA AVENUE
STANTON, CA 90680
ATTN: CESAR RANGEL, PUBLIC WORKS DIRECTOR
Any notice so given shall be considered received by the other Party three (3) days after deposit in the U.S. Mail as stated above and addressed to the Party at the above address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service.
3.20.6 Time of Essence. Time is of the essence in the performance of this Contract.
3.20.7 Assignment Forbidden. Contractor shall not, either voluntarily or by action of law, assign or transfer this Contract or any obligation, right, title or interest assumed by Contractor herein without the prior written consent of City. If Contractor attempts an assignment or transfer of this Contract or any obligation, right, title or interest herein, City may, at its option, terminate and revoke the Contract and shall thereupon be relieved from any and all obligations to Contractor or its assignee or transferee.
3.20.8 No Third Party Beneficiaries. There are no intended third party beneficiaries of any right or obligation assumed by the Parties.
3.20.9 Laws; Venue. This Contract shall be interpreted in accordance with the laws of the State of California. If any action is brought to interpret or enforce any term of this Contract, the action shall be brought in a state or federal court situated in the County of Orange, State of California.
3.20.10 Attorneys’ 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 attorneys’ fees and all other costs of such action.
3.20.11 Counterparts. This Contract may be executed in counterparts, each of which shall constitute an original.
3.20.12 Successors. The Parties do for themselves, their heirs, executors, administrators, successors, and assigns agree to the full performance of all of the provisions contained in this Contract.
3.20.13 Solicitation. Contractor maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Contractor, to solicit or secure this Contract. Further, Contractor 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 Contractor, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Contract. For breach or violation of this warranty, City shall have the right to terminate this Contract without liability.
3.20.14 Conflict of Interest. Contractor maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Contractor, to solicit or secure this Contract. Further, Contractor 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 Contractor, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Contract. For breach or violation of this warranty, City shall have the right to rescind this Contract without liability. For the term of this Contract, no director, official, officer or employee of City, during the term of his or her service with City, shall have any direct interest in this Contract, or obtain any present or anticipated material benefit arising therefrom. In addition, Contractor agrees to file, or to cause its employees or subcontractors to file, a Statement of Economic Interest with the City’s Filing Officer as required under state law in the performance of the Work.
3.20.15 Certification of License.
3.20.15.1 Contractor certifies that as of the date of execution of this Contract, Contractor has a current contractor’s license of the classification indicated below under Contractor’s signature.
3.20.15.2 Contractors are required by law to be licensed and regulated by the Contractors’ State License Board which has jurisdiction to investigate complaints against contractors if a complaint regarding a patent act or omission is filed within four (4) years of the date of the alleged violation. A complaint regarding a latent act or omission pertaining to structural defects must be filed within ten (10) years of the date of the alleged violation. Any questions concerning a contractor may be referred to the Registrar, Contractors’ State License Board, P.O.
Box 26000, Sacramento, California 95826.
3.20.16 Authority to Enter Contract. Each Party warrants that the individuals who have signed this Contract have the legal power, right and authority to make this Contract and bind each respective Party.
3.20.17 Entire Contract; Modification. This Contract contains the entire agreement of the Parties with respect to the subject matter hereof, and supersedes all prior negotiations, understandings or agreements. This Contract may only be modified by a writing signed by both Parties.
3.20.18 Non-Waiver. None of the provisions of this Contract shall be considered waived by either party, unless such waiver is specifically specified in writing.
3.20.19 City’s Right to Employ Other Contractors. City reserves right to employ other contractors in connection with this Project or other projects. [Signatures on Next Page]
SIGNATURE PAGE FOR CONSTRUCTION CONTRACT
BETWEEN THE CITY OF STANTON
AND INTEGRATED DEMOLITION AND REMEDIATION, INC.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first written above.
CITY OF STANTON
Approved:
By:
Hannah Shin-Heydorn
City Manager
ATTESTED:
By: _______________________________
Patricia A. Vazquez
City Clerk
APPROVED AS TO FORM:
______________________________
Best Best & Krieger LLP
City Attorney
INTEGRATED DEMOLITION AND
REMEDIATION, INC.
By:
Its:
Printed Name:
By:
Its:
Printed Name:_________________________
____________________________________
Contractor’s License Number and
Classification
____________________________________
DIR Registration Number
8941 PACIFIC AVENUE DEMOLITION PROJECT -26-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT A
EXHIBIT “A”
SERVICES / SCHEDULE
421 E CERRITOS AVE, ANAHEIM, CA 92805
PHONE: 714-340-3333 • FAX:714-709-4729
CSLB LICENSE #1003504
DIR # 1000023608
Via email: [email protected]
Date: May 12, 2026
Daniel Herrera
Engineering Assistant / Public Works & Engineering
City of Stanton Proposal#IDR2026-0123R1
Project Name: City of Stanton 8941 Pacific Avenue - Building Demolition Integrated Demolition and Remediation (“IDR”) respectfully submits the following scope and pricing on the above referenced project for your consideration.
Scope of work includes Scope as listed on Demolition Plans & Specs Demolition @ 8941 Pacific Ave
-Demolish 1 Story Building including slab
-Demo wooden structure Garage
-Temporary fencing for demolition scope of work
-IDR will pull the demo permit at zero cost
-Asbestos & Lead Abatement
-P&P Bonds included
$ 75,000.00
Contract Conditions and Assumptions: This proposal or listed clarifications, conditions and exclusions in this proposal will be included as part of any mutually agreed upon contract ● The proposal is based on Prevailing wages
● This proposal excludes Grading, Hydro seeding, Erosion Control, and SWPPP ● All utility safe-offs by others
Exclusions
Site security, weather protection, liquidated damages, unforeseen conditions, salvage for others, shoring, relocation, bracing, engineering, staking, layout, lagging, underpinning, dewatering, pedestrian barricades, protective covers, off-site work, standby time due to owner/contractor delays, handling asphalt with Petromat fabric or concrete plastic below asphalt, utility rerouting or reconnection, permits, termination of utility accounts; specialty insurance items not listed in this proposal.
421 E CERRITOS AVE, ANAHEIM, CA 92805
PHONE: 714-340-3333 • FAX:714-709-4729
THIS PROPOSAL IS VALID FOR THIRTY (30) DAYS.
Upon commencement of work, this proposal shall become a binding contract between both parties unless or until superseded by a formal, mutually agreed upon contract, at which time this proposal shall become a part of the new contract document.
Please feel free to contact me with any comments or questions on my cell phone 714-483-1534 or email at [email protected].
8941 PACIFIC AVENUE DEMOLITION PROJECT -27-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT B
EXHIBIT “B”
PLANS AND SPECIFICATIONS
CONTRACTOR SHALL OBTAIN DEMOLITION PERMITS FOR THIS PROJECT 8941 PACIFIC AVENUE DEMOLITION PROJECT -28-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT C
EXHIBIT “C”
SPECIAL CONDITIONS
ARTICLE 1. BONDS
Concurrently with this Contract, the Contractor shall deliver to the City four identical counterparts of the Performance Bond and Payment Bond on the forms supplied by the City and included as Exhibit “E” to the Contract. The surety supplying the bond must be an admitted surety insurer, as defined in Code of Civil Procedure Section 995.120, authorized to do business as such in the State of California and satisfactory to the City. The Performance Bond and the Payment Bond shall be for one hundred percent (100%) of the Total Contract Price. 8941 PACIFIC AVENUE DEMOLITION PROJECT -29-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT D
EXHIBIT “D”
CERTIFICATION
LABOR CODE - SECTION 1861
I, the undersigned Contractor, am aware of the provisions of Section 3700, et seq., 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 the Code, and I, the undersigned Contractor, agree to and will comply with such provisions before commencing the performance of the Work on this Contract.
INTEGRATED DEMOLITION AND REMEDIATION, INC.
By: _________________________
Signature
_________________________
Name (Print)
_________________________
Title (Print)
8941 PACIFIC AVENUE DEMOLITION PROJECT -30-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT E
EXHIBIT “E”
PAYMENT AND PERFORMANCE BONDS
8941 PACIFIC AVENUE DEMOLITION PROJECT -31-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT E
PERFORMANCE BOND
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”).
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, the Contractor is required by said Contract Documents to perform the terms thereof and to furnish a bond for the faithful performance of said Contract Documents.
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.
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:
8941 PACIFIC AVENUE DEMOLITION PROJECT -32-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT E
(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
8941 PACIFIC AVENUE DEMOLITION PROJECT -33-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT E
(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.
8941 PACIFIC AVENUE DEMOLITION PROJECT -34-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT E
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
8941 PACIFIC AVENUE DEMOLITION PROJECT -35-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT E
PAYMENT BOND
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.
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 8941 PACIFIC AVENUE DEMOLITION PROJECT -36-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT E
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.
8941 PACIFIC AVENUE DEMOLITION PROJECT -37-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT E
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
8941 PACIFIC AVENUE DEMOLITION PROJECT
-38-
SHORT FORM CONSTRUCTION CONTRACT
EXHIBIT E
55414.00000\42206090.2
CITY OF STANTON
FIRST AMENDMENT TO
SHORT FORM CONSTRUCTION CONTRACT FOR THE 8941 PACIFIC AVENUE
DEMOLITION PROJECT
1. PARTIES AND DATE.
This First Amendment to the Short Form Construction Contract for the 8941 Pacific Avenue Demolition Project (“First Amendment”) is entered into on the 8th day of September, 2026, by and between the City of Stanton (“City”) and Integrated Demolition and Remediation, Inc., a Corporation (“Contractor”). City and Contractor are sometimes collectively referred to herein as the “Parties.”
2. RECITALS.
2.1 Agreement. The Parties entered into that certain Short Form Construction Contract for the 8941 Pacific Avenue Demolition Project dated June 9, 2026 (“Agreement”).
2.2 First Amendment. The Parties now desire to amend the Contract in order to increase the amount of compensation under the Contract.
3. TERMS.
3.1 Amount of Compensation. 3.1.1. of the Contract is hereby amended in its entirety to read as follows:
“As consideration for performance of the Work required herein, City agrees to pay Contractor the Total Contract Price of One Hundred Twelve Thousand Dollars ($112,000.00) (“Total Contract Price”) provided that such amount shall be subject to adjustment pursuant to the applicable terms of this Contract or written change orders approved and signed in advance by the City.”
3.2 Remaining Provisions of Agreement. Except as otherwise specifically set forth in this First Amendment, the remaining provisions of the Contract shall remain in full force and effect.
Attachment: B
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55414.00000\42206090.2
IN WITNESS WHEREOF, the parties have executed this First Amendment on .
CITY OF STANTON INTEGRATED DEMOLITION AND
REMEDIATION, INC.
By:
Hannah Shin-Heydorn
City Manager
By:
Name:
Title:
ATTEST:
By:
Patricia A. Vazquez
City Clerk
By:
Name:
Title:
APPROVED AS TO FORM:
By:
Best Best & Krieger LLP
City Attorney
1 CITY OF STANTON
REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: September 8, 2026
SUBJECT: AWARD OF CONSTRUCTION CONTRACT FOR THE FY 26/27 CITYWIDE SIDEWALK REPAIR PROJECT (TASK CODE NO. 2027-103) REPORT IN BRIEF:
Based on the post-bid analysis of the bids received, staff have determined CJ Concrete Construction, Inc. to be the lowest responsive and responsible bidder, submitting a bid for the project in the amount of $42,300. At this time, staff is recommending awarding the construction contract to CJ Concrete Construction, Inc. for the FY 26/27 Citywide Sidewalk Repair Project.
RECOMMENDED ACTION:
1. City Council find that this project is exempt from the California Environmental Quality Act (“CEQA”), Class 1, and Section 15301(c) as repair, maintenance, and minor alteration of existing streets, sidewalks, gutters, and similar facilities; and
2. Deem the bid presented by MJ Jurado, Inc. as non-responsive; and
3. Award a construction contract for the FY 26/27 Citywide Sidewalk Repair Project to CJ Concrete Construction, Inc. for the total bid amount of $42,300 and reject all other bids; and
4. Authorize the City Manager to bind the City of Stanton and CJ Concrete Construction, Inc. in a contract for the construction; and
5. Authorize the City Manager to approve contract change orders, not to exceed $32,700 for the FY 26/27 Citywide Sidewalk Repair Project.
Item: 9H
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2 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 established the Annual Citywide Sidewalk Repair Project on July 8, 2025. The Annual Citywide Sidewalk Repair 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 26/27 Citywide Sidewalk Repair Project consists of removing, repairing, and replacing various concrete infrastructure such as sidewalks and curb and gutters at various locations citywide.
On July 14, 2026, the City Council authorized staff to advertise these projects for construction and approved the plans and specifications.
ANALYSIS/JUSTIFICATION:
The bid opening for this project was on August 18, 2026, and six (6) bids were received and opened as follows:
Rank Company Bid
1 MJ Jurado, Inc.* $38,160.00
2 CJ Concrete Construction, Inc. $42,300.00
3 TVR Construction Engineering LLC $49,482.00
4 Hardy & Harper, Inc. $59,400.00
5 Gentry General Engineering, Inc. $67,380.00
6 All American Building Services $187,500.00
*The bid submittal is deemed rejected as non-responsive.
MJ Jurado’s bid was deemed non-responsive because their bid submittal was incomplete.
Therefore, CJ Concrete Construction, Inc. submitted the lowest responsive and responsible bid in the amount of $42,300.00 which is approximately 29.5% below the Engineer’s estimate of $60,000. Staff has reviewed the submitted documents and found that CJ Concrete Construction, Inc., has submitted the lowest bid and is compliant with the contract documents. CJ Concrete Construction, Inc. has completed the FY 24/25 Citywide Concrete Repair Project and FY 25/26 Citywide Sidewalk Repair Project for the City of Stanton. Upon successful execution of the contract documents, the project is expected to begin construction in September 2026. The submitted bid amount was much lower than the engineer’s estimate, therefore, staff is requesting a large contingency, within budget, in order to repair additional concrete infrastructure. 3 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.
FISCAL IMPACT:
The Adopted Fiscal Year 2026/2027 Capital Improvement Budget includes $80,000 from Gas Tax (Fund #211) for this project (Task Code No. 2027-103). The following table presents an estimated breakdown of total project costs:
Description Amount
Construction $ 42,300.00
Contingency $ 32,700.00
Inspections $ 5,000.00
Total $ 80,000.00
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.
Goal 5: Maintain and promote a responsive, high-quality and transparent government.
PUBLIC NOTIFICATION:
Through the normal agenda process.
Prepared by: Daniel Herrera, Engineering Assistant
Reviewed by: Cesar Rangel, P.E., Public Works Director/City Engineer Fiscal Impact Reviewed by: Vivien Avella, Finance Director Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENTS:
A. FY 26/27 Citywide Sidewalk Repair Project Contract
B. CJ Concrete Construction, Inc. Proposal
CA-1
CITY OF STANTON
CONTRACT AGREEMENT
FY 26/27 CITYWIDE SIDEWALK REPAIR PROJECT
THIS CONTRACT AGREEMENT (or “Contract”) is made and entered into for the abovestated project this 8th day of September, 2026, BY AND BETWEEN THE CITY OF STANTON, as City and CJ CONCRETE CONSTRUCTION, 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 Forty-Two Thousand Three Hundred Dollars ($42,300.00). 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 in the amount approved by City Council. 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.
CA-3
IN WITNESS WHEREOF the parties hereto have caused this Agreement to be executed the day and year first written.
CJ CONCRETE CONSTRUCTION, 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 & 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
FY 26/27 CITYWIDE SIDEWALK REPAIR
PROJECT
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CITY OF STANTON
FAITHFUL PERFORMANCE BOND
FY 26/27 CITYWIDE SIDEWALK REPAIR 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”).
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, the Contractor is required by said Contract Documents to perform the terms thereof and to furnish a bond for the faithful performance of said Contract Documents.
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.
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 FY 26/27 CITYWIDE SIDEWALK REPAIR
PROJECT
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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
FY 26/27 CITYWIDE SIDEWALK REPAIR
PROJECT
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(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.
FY 26/27 CITYWIDE SIDEWALK REPAIR
PROJECT
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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
FY 26/27 CITYWIDE SIDEWALK REPAIR
PROJECT
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CITY OF STANTON
PAYMENT BOND
FY 26/27 CITYWIDE SIDEWALK REPAIR 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.
It is further stipulated and agreed that the Surety on this bond shall not be exonerated or FY 26/27 CITYWIDE SIDEWALK REPAIR
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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.
FY 26/27 CITYWIDE SIDEWALK REPAIR
PROJECT
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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
FY 26/27 CITYWIDE SIDEWALK REPAIR
PROJECT
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CITY OF STANTON
COMPENSATION INSURANCE CERTIFICATE
FY 26/27 CITYWIDE SIDEWALK REPAIR 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:
FY 26/27 CITYWIDE SIDEWALK REPAIR
PROJECT
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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
Attachment: B
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1 CITY OF STANTON
REPORT TO CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: September 8, 2026
SUBJECT: AWARD OF CONSTRUCTION CONTRACT FOR THE FY 25/26 SEWER REHABILITATION PROJECT (TASK CODE NO. 2026-301)
REPORT IN BRIEF:
Based on the post-bid analysis of the bids received, staff has determined the bid submitted by PALP, Inc. dba Excel Paving Company (Excel Paving) to be the lowest responsible and responsive total bid at $1,034,420.00. At this time, staff is recommending awarding the construction contract to Excel Paving for the FY 25/26 Sewer Rehabilitation Project.
RECOMMENDED ACTION:
1. City Council declare this project to be exempt under the California Environmental Quality Act (“CEQA”), Class 1, Section 15301(b) as maintenance, repair and minor alteration of existing publicly owned sewer utilities and Class 1, Section 15301(c) as repair, maintenance, and minor alteration of existing streets, sidewalks, gutters, and similar facilities; and
2. Award a construction contract for the FY 25/26 Sewer Rehabilitation Project to PALP, Inc. dba Excel Paving Company for the total bid amount of $1,034,420.00 and reject all other bids; and
3. Authorize the City Manager to bind the City of Stanton and PALP, Inc. dba Excel Paving Company in a contract for the construction; and
4. Authorize the City Manager to approve contract change orders, not to exceed $103,500 for the FY 25/26 Sewer Rehabilitation Project.
Item: 9I
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2 BACKGROUND:
On July 9, 2024, the City adopted the 2024 Sewer Master Plan Update which assessed the capacity and condition of the City’s sewer collection system which incorporated housing element information and provided recommendations to address deficiencies. The Master Plan Update recommended sewer improvement projects to be constructed over the next 10 years.
The FY 25/26 Sewer Rehabilitation Project consists of replacing approximately 1,509 linear feet of existing 8-inch sewer pipe, rehabilitating existing manholes, reconnection of service laterals, and if necessary, implementing a by-pass pumping plan and rehabilitating existing asphalt pavement on the streets on Via Kannela and Via Irana. The current pavement conditions for both streets are good; however, construction will severely impact the condition of the pavement after replacing the sewer lines.
On December 9, 2025, RKA Consulting Group was awarded the Professional Services Agreement for the design of the Project.
On July 14, 2026, 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 August 18, 2026. Ten (10) bids were received and opened as follows:
Rank Company Bid Schedule
A(1)
Bid Schedule
B(2)
Total Bid
(A+B)
1 Excel Paving $ 849,300.00 $ 185,120.00 $ 1,034,420.00 2 Big Ben, Inc. $ 806,020.00 $ 265,215.00 $ 1,071,235.00 3 Duffy General Engineering,
Inc. $ 837,000.00 $ 247,000.00 $ 1,084,000.00
4 J A Salazar Construction &
Supply Corp. $ 907,950.00 $ 229,050.00 $ 1,137,000.00
5 US Builders & Consultants,
Inc. $ 875,600.00 $ 273,200.00 $ 1,148,800.00
6 Prestige Prime
Engineering(3) $ 966,572.50 $ 233,075.50 $ 1,199,831.00 7 Ramona, Inc. $ 978,850.00 $ 223,810.00 $ 1,202,660.00 8 Ortiz & Son, Inc.(3) $ 945,594.00 $ 258,627.00 $ 1,204,221.00 9 Grbcon, Inc. $ 973,730.00 $ 258,223.00 $ 1,231,953.00 10 CEM Construction
Corporation $ 987,000.00 $ 270,175.00 $ 1,257,715.00
(1) Bid Schedule A is submitted bids for the sewer improvement portion of the project. (2) Bid Schedule B is submitted bids for the street improvement portion of the project. (3) 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.
3 Excel Paving submitted the lowest responsible total bid in the amount of $1,034,420, which is approximately 21.46 percent below the Engineer’s estimate of $1,317,000. Staff have reviewed the submitted documents and found that Excel Paving has submitted the lowest bid and is compliant with the contract documents. References were checked with the City of Carson, City of Buena Park, and Los Angeles County Public Works.
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.
FISCAL IMPACT:
The Fiscal Year 2026/2027 Capital Improvement Budget for the FY 25/26 Sewer Rehabilitation Project (Task Code No. 2026-301) includes $1,757,000 from the Sewer Maintenance Fund (#501) for the sewer portion of the project and $462,000 from the Measure M Fund (#220) for the street portion of the project. The following table presents an estimated breakdown of respective total project costs:
FY 25/26 Sewer Rehabilitation Project Cost Breakdown
Description Amount
Construction Contract $ 1,034,420.00
Contingency $ 103,500.00
Inspections / Materials Testing $ 40,000.00
Total $ 1,177,920.00
ENVIRONMENTAL IMPACT:
This project is exempt under the California Environmental Quality Act (“CEQA”), Class 1, Section 15301(b) as maintenance, repair and minor alteration of existing publicly owned sewer utilities and 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.
Goal 5. Maintain and promote a responsive, high-quality and transparent government. 4 PUBLIC NOTIFICATION:
Through the normal agenda process.
Prepared by: Han Sol Yoo, P.E., Principal Civil Engineer Reviewed by: Cesar Rangel, P.E., Public Works Director/City Engineer Fiscal Impact Reviewed by: Vivien Avella, Finance Director Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENTS:
A. FY 25/26 Sewer Rehabilitation Project Contract
B. PALP, Inc. dba Excel Paving Company Proposal
CA-1
CITY OF STANTON
CONTRACT AGREEMENT
FY 25/26 SEWER REHABILITATION PROJECT
THIS CONTRACT AGREEMENT (or “Contract”) is made and entered into for the abovestated project this 8th day of September, 2026, BY AND BETWEEN THE CITY OF STANTON, as City and PALP, Inc. dba Excel Paving Company 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 One-Million Thirty-Four Thousand Four-Hundred Twenty Dollars ($1,034,420.00). 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 in the amount approved by City Council. 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.
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IN WITNESS WHEREOF the parties hereto have caused this Agreement to be executed the day and year first written.
PALP, INC. DBA EXCEL PAVING CITY OF STANTON
COMPANY
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 & 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
FY 25/26 SEWER REHABILITATION PROJECT CA-5
CITY OF STANTON
FAITHFUL PERFORMANCE BOND
FY 25/26 SEWER REHABILITATION 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”).
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, the Contractor is required by said Contract Documents to perform the terms thereof and to furnish a bond for the faithful performance of said Contract Documents.
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.
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 FY 25/26 SEWER REHABILITATION PROJECT CA-6
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
FY 25/26 SEWER REHABILITATION 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.
FY 25/26 SEWER REHABILITATION 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.
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
FY 25/26 SEWER REHABILITATION PROJECT CA-9
CITY OF STANTON
PAYMENT BOND
FY 25/26 SEWER REHABILITATION 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.
It is further stipulated and agreed that the Surety on this bond shall not be exonerated or FY 25/26 SEWER REHABILITATION PROJECT CA-10
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.
FY 25/26 SEWER REHABILITATION 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.
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
FY 25/26 SEWER REHABILITATION PROJECT CA-12
CITY OF STANTON
COMPENSATION INSURANCE CERTIFICATE
FY 25/26 SEWER REHABILITATION 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:
FY 25/26 SEWER REHABILITATION 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
Attachment: B
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1 CITY OF STANTON
REPORT TO THE CITY COUNCIL
TO: Honorable Mayor and Members of the City Council
DATE: September 8, 2026
SUBJECT: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF STANTON,
CALIFORNIA, AMENDING THE DEVELOPMENT AGREEMENT
BETWEEN THE CITY OF STANTON AND STANTON 2.0 LLC
RELATED TO THE PAYMENT OF PUBLIC BENEFITS AND
DEVELOPMENT IMPACT FEES FOR THE “CLOUD HOUSE”
DEVELOPMENT AT 12331-12435 BEACH BOULEVARD
REPORT IN BRIEF:
The City entered into a Development Agreement (DA) in conjunction with the development of a 321-unit apartment building known as “Cloud House.” A First Amendment of the DA was later entered into so that a payment plan and interest schedule could be memorialized for payment of all developer impact fees. The developer was following the agreed upon payment plan but recently experienced an unexpected financial impact as a result of the GKN evacuation incident and state laws regarding landlord responsibilities for evacuated tenants. As a result, the developer requested a temporary pause of payments to provide financial relief. The Planning Commission reviewed this request and unanimously adopted Resolution No. 2591 to recommend approval of Ordinance 1175 for a second amendment of the Development Agreement.
RECOMMENDED ACTION:
1. City Council find that this item is not subject to California Environmental Quality Act (“CEQA”) pursuant to Sections 15060(c)(2), 15061(b)(3), and 15378(b)(5) 15061(b)(3); and
2. City Council conduct the first reading of Ordinance No. 1175, entitled:
“AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
STANTON, CALIFORNIA, AMENDING THE DEVELOPMENT
AGREEMENT BETWEEN THE CITY OF STANTON AND STANTON 2.0
LLC FOR CERTAIN REAL PROPERTY LOCATED AT 12331-12435
BEACH BOULEVARD WITHIN THE CITY OF STANTON PURSUANT
Item: 10A
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2 TO CALIFORNIA GOVERNMENT CODE SECTION 65864 ET SEQ. AND MAKING CEQA FINDINGS IN CONNECTION THEREWITH”; and
3. Set September 22, 2026, as the date for second reading of Ordinance No. 1175.
BACKGROUND:
On September 22, 2020, the City of Stanton (“City”) entered into Development Agreement No. 20-03 with Stanton 2.0 LLC, which was adopted through Ordinance No. 1105. The agreement was adopted in conjunction with the development of a 321-unit apartment building known as Cloud House. On February 25, 2025, the City and Stanton
2.0 LLC entered into a First Amendment to the Cloud House Development Agreement to allow an alternative payment schedule for the public benefits and development impact fees required by the Cloud House Development Agreement. The amendment was adopted in acknowledgement of the financial difficulties that impacted the Project during the global pandemic and to ensure that the City received a reasonable rate of return on the outstanding balance to ensure its financial security.
In May 2026, the City of Stanton underwent a mandatory evacuation due to the GKN Aerospace chemical incident that occurred in the City of Garden Grove. Many residents and businesses were affected resulting in unanticipated financial burdens. In addition to residents who were directly impacted, many multifamily developments were also financially impacted because State law requires landlord reimbursements to tenants for each day they did not have access to their apartments while under evacuation orders.
Stanton 2.0 LLC, the developer and operator of the Cloud House residential apartment project at 12331-12345 Beach Boulevard was among those affected. Due to the unexpected financial impact, the developer has requested to temporarily pause the development impact fees payment schedule for six months to provide financial relief.
The developer is requesting the City adopt a new payment schedule while ensuring the City still receives financial security during this period. If approved, this request will result in a second amendment to the development agreement.
ANALYSIS/JUSTIFICATION:
Pursuant to Stanton Municipal Code (SMC) Section 20.510.060, a development agreement may be amended using the same procedure for entering into the agreement.
Similar to the first amendment, the Planning Commission reviewed the ordinance and adopted Resolution No. 2591 recommending that the City Council approve the second amendment through Ordinance No. 1175. The Planning Commission determined that the amendment was in conformance with the findings set forth in SMC Section
20.510.050(D). As a result, the Ordinance is now presented to the City Council for review and final determination of a second amendment.
3 The proposed amendment has remained consistent with the facts and findings on the previously approved Cloud House development and entitlements. Therefore, all previous findings still apply. This amendment will ensure that the City public benefits fee and development impact fees are timely paid to assist with the orderly growth and quality development in accordance with the goals and policies set forth in the General Plan.
The second amendment will pause payments from July 2026 through December 2026 and extend the repayment period an additional 6 months. The loan will continue to accrue 2% interest during the 6 month pause and payments will resume at the end of the 6 month extension. This revised payment schedule acknowledges the financial impact caused by the GKN evacuation incident and also ensures that the City will receive financial security through collection of all outstanding fees from the developer with reasonable interest.
FISCAL IMPACT:
There will be no fiscal impact to the General Fund, and a modest positive impact to the Special Revenue Funds over the term of the loan. The proposed amendment will result in a decrease in loan interest to be received in Special Revenue Funds versus the FY26-27 Adopted Operating Budget, of approximately $13,000. This is due to the deferment of six months of interest payments in FY26-27. However, as these deferred interest payments are capitalized/compounded on top of the outstanding balance (increasing the outstanding loan amount), total interest to be received over the life of the loan will modestly increase.
ENVIRONMENTAL IMPACT:
The proposed Ordinance related to the second amendment is exempt from the requirements of the California Environmental Quality Act (“CEQA”) pursuant to State CEQA Guidelines sections 15060(c)(2), 15061(b)(3), and 15378(b)(5). Specifically, it does not, in any way, affect the previously approved project, and involves only matters related to administrative activities such as the collection of outstanding fees.
LEGAL REVIEW:
The City Attorney has reviewed the proposed amendment.
4 STRATEGIC GOAL:
Goal 5: Maintain and promote a responsive, high-quality and transparent government.
PUBLIC NOTIFICATION:
Notice of this public hearing was provided through publication on August 28, 2026, in the Orange County News and through the regular agenda posting process.
Prepared by: Crystal Landavazo, Community & Economic Development Director Fiscal Impact Reviewed by: Vivien Avella, Finance Director Approved by: Hannah Shin-Heydorn, City Manager
ATTACHMENTS:
A. Ordinance No. 1175
B. Planning Commission Resolution No. 2591
ORDINANCE NO. 1175