Agenda packet — Tulare City Council, October 21, 2025 (part 1 of 3)

City of Tulare Page 1 of 5
Tulare Public Library & Council Chamber Tuesday, October 21, 2025 491 North M Street, Tulare CA 93274 5:00 p.m. Special Meeting www.tulare.ca.gov 7:00 p.m. Regular Meeting
Mission Statement
To promote a quality of life making Tulare the most desirable community in which to live, learn, play, work, worship and prosper.

Regular City Council meetings are held on the first and third Tuesdays of each month at the Council Chamber, located inside the Tulare Public Library, 491 North M Street, Tulare. Meetings are subject to cancellation. Additional meetings may be scheduled as needed.

Public Access and Participation
Meetings are open to the public and may be attended in person or viewed live online via the City of Tulare’s YouTube Channel. To provide public comment remotely, please call (559) 366-1849 during the designated Public Comment period. Note: There is a 20-second broadcast delay. If calling in, mute your viewing device to avoid feedback.

Public Comment Guidelines
Members of the public may address the City Council on matters within the jurisdiction of the City of Tulare.

Those wishing to speak are encouraged to complete a Public Comment Card and submit it to the City Clerk prior to the start of the meeting.
• Comments are limited to three minutes per speaker, unless otherwise extended by the Council. • At the start of any agenda item, the mayor may limit the number of speakers or the time allotted per comment, depending on the number of participants and length of the agenda. • When called upon by the mayor, please approach the lectern, state your name and city of residence, and begin your comments.

Rules of Conduct
To maintain order and decorum, the following rules apply:
• All remarks must be directed to the City Council as a whole, not to individual members. • Only the Council and the person recognized to speak may engage in discussion unless authorized by the mayor.
• Questions to Councilmembers or City staff must be directed through the mayor. • Comments must remain on topic, except during the general Public Comment period. • Disruptive behavior (e.g., shouting, interrupting, or creating a disturbance) may result in removal from the meeting under Government Code Sections 54954.3 and 54957.95.

Accessibility
In compliance with the Americans with Disabilities Act (ADA), individuals who require modifications, accommodations, or auxiliary aids to participate in this meeting should contact the City Clerk’s Office at (559) 684-4200. Requests made at least 48 hours in advance will help ensure availability.

Additional Information
• Meeting agendas and related documents are available at www.tulare.ca.gov. • Copies are also available for public inspection at the City Clerk’s Office, City Hall, 411 E. Kern Avenue, Second Floor, during regular business hours.

City Councilmembers
Patrick Isherwood, Mayor
Steve Harrell, Vice Mayor
Jose Sigala
Terry A. Sayre
City Council Meeting Notice & Agenda Dennis A. Mederos
City Council Meeting Agenda Tuesday, October 21, 2025
City of Tulare Page 2 of 5
5:00 P.M. SPECIAL MEETING

1. CALL TO ORDER

2. STUDY SESSION - Comments at a special meeting are limited to items listed on the special meeting agenda. Each speaker will be allowed three minutes per item. For those that wish to provide public comment while not physically in attendance, you may call (559) 366-1849. Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting.

2.1 Lobbyist Workshop with Spencer Street of Townsend Public Affairs (5-5:30 p.m.)

2.2 Inyo Corridor Workshop (5:30-6 p.m.)

2.3 Entertainment District Workshop (6-7 p.m.)

3. ADJOURNMENT
7:00 P.M. REGULAR MEETING

4. CALL TO ORDER

5. PLEDGE OF ALLEGIANCE AND INVOCATION – Debra Epps, Assistant Pastor of Living Christ Church, to deliver an invocation.

6. PUBLIC COMMENT - Members of the public wishing to comment on any item not appearing on the agenda may address the City Council at this time. State law prevents Council from acting on any matter not on the agenda; however, your comments may be referred to staff for follow up. This is also the time for the public to comment on items listed under the Consent Calendar or to request an item from the Consent Calendar be pulled for discussion purposes. Comments related to Public Hearing and General Business items will be heard at the time those items are discussed. In fairness to all who wish to speak, public comment is limited to a total of fifteen minutes with each speaker allowed three minutes, unless otherwise extended by Council. Please begin your comments by stating your name and providing your city of residence. For those that wish to provide public comment while viewing the meeting online, you may call (559) 366-1849. Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting.

7. PRESENTATIONS

7.1 Downtown PBID Update. [J.Gomez]

8. COMMUNICATIONS - Communications are to be submitted to the City Manager’s Office ten days prior to a Council meeting to be considered for this section of the agenda. No action will be taken on matters listed under Communications; however, the Council may direct staff to schedule issues raised during Communications for a future meeting.

9. COUNCIL REPORTS AND ITEMS OF INTEREST

9.1 NOTICE OF CHANGE IN REGULAR CITY COUNCIL MEETING TIME: Regular City Council meetings will start at 5:30 p.m. beginning on November 4, 2025. Special meetings may be scheduled prior to the regular meeting start time.

City Council Meeting Agenda Tuesday, October 21, 2025
City of Tulare Page 3 of 5

10. CONSENT CALENDAR - All matters listed under the Consent Calendar are considered by the Council to be routine and will be enacted in one motion without discussion. If discussion is desired, that item may be removed and considered separately.

10.1 Waive the reading of ordinances and approve reading by title only.

Recommended Action: Approve the reading by title only of all ordinances and that further reading of such ordinances by waived.

10.2 Approval of City Council Meeting Minutes.

Recommended Action: Approve the minutes of the special and/or regular meeting of October 7, 2025. [M. Wilcox]

10.3 Monthly Investments Report.

Recommended Action: Accept the monthly investments report for July and August 2025. [M.

Roberts]

10.4 Contract Approval for Economic Development Strategic Plan.

10.5 Conditional Final Map Acceptance – Liberty Hill Phase 2.

10.6 Parcel Map Acceptance – TPM 2025-02 Lekkerkerker.

10.7 HOME Investment Partnerships (HOME) Program and CalHome Program Funds.

10.8 Caltrans Property Acquisition for SR99 and Paige Avenue Interchange Project.

Recommended Action: [M. Miller] To facilitate construction of the State Route 99 6-lane Widening and Paige Avenue Interchange Reconstruction Project, authorize the city manager to sign all documents required for:
1) the sale of 4.7 acres of city-owned APN 191-070-025 to Caltrans, 2) a property exchange of city-owned APN 182-230-047 with a portion of Caltrans owned APN’s 182-230-053 and 182-230-053, and
3) a grant of a temporary construction easement on city-owned APN 171-090-034.

10.9 Willow Glen Phase 2 and 3 final Oversize Agreement.

Recommended Action: Authorize the city manager to execute an oversize construction reimbursement agreement with Presidio JJR Brighton 115, LLC, a Delaware Limited Liability Company for construction costs associated with Phase 2 and 3 of the Williow Glen (aka City Council Meeting Agenda Tuesday, October 21, 2025
City of Tulare Page 4 of 5
Brighton) subdivision that are eligible for reimbursement in accordance with Chapter 8.64 of the Municipal Code, subject only to minor conforming and clarifying changes acceptable to the city attorney and city manager. [M. Miller]

10.10 Conditional Final Map Acceptance for the Cottonwood 3 Subdivision.

10.11 Cartmill Commons Notice of Completion.

11. PUBLIC HEARING - Comments related to Public Hearing items are limited to three minutes per speaker, for a maximum of thirty minutes per item, unless otherwise extended by Council. For those that wish to provide public comment while viewing the meeting online, you may call (559) 366-1849.

Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting.

11.1 Intent to Substantially Amend 2025-2029 Consolidated Plan and 2025 Action Plan.

12. GENERAL BUSINESS - Comments related to General Business items are limited to three minutes per speaker, for a maximum of thirty minutes per item, unless otherwise extended by Council. For those that wish to provide public comment while viewing the meeting online, you may call (559) 366-1849.

Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting.

12.1 Contract Awards for Project EN0102 – K Street Improvements.

Recommended Action: [M. Miller] Award and authorize the city manager to sign contracts related to the construction phase of CIP Project EN0102 – K Street Improvement Project; authorize the city manager or designee to approve contract change orders in an amount not to exceed 10% of each contract amount; and approve the revised project sheet.

Task Description Contractor Amount

1. Construction Contractor Archer Civil Construction, Tulare, CA $4,508,582.10

2. Construction Inspection NV5, Fresno, CA. $463,953.44

3. Materials Testing NV5, Fresno, CA. $118,312.24

4. Construction Surveying Lane Engineers, Tulare, CA. $45,000.00

5. Labor Compliance Quad Knoff, Visalia, CA. $47,700.00

12.2 Contract Amendments for Project FM0048 – Homeless Shelter.

Recommended Action: [M. Miller] Authorize the city manager to sign contract amendments related to City Project FM0048 - Emergency Homeless Shelter as follows:
1) 4Creeks, Inc. in the amount of $41,500 for additional design and construction support services; and
2) Krazan & Associates in the amount of $25,000 for additional materials testing services.

City Council Meeting Agenda Tuesday, October 21, 2025
City of Tulare Page 5 of 5

12.3 Contracts with SCE for Project FM0048 – Homeless Shelter.

12.4 Infrastructure Improvement Agreement with Faria Family II Limited Partnership and the International Agri-Center, Inc.

12.5 Economic Development Quarterly & September Updates.

Recommended Action: Receive an update on economic development activity. [J. Gomez]

13. FUTURE AGENDA ITEMS - NONE SUBMITTED

14. STAFF UPDATES

15. ADJOURNMENT
The next regularly scheduled meeting of the Tulare City Council is Tuesday, November 4, 2025, at 5:30 p.m. in the Council Chamber, 491 North M Street, Tulare.

AFFIDAVIT OF POSTING AGENDA
I hereby certify, in conformance with Government Code Sections 54954.2 and 54956, this agenda was posted in the kiosk at the front of City Hall, 411 E. Kern Avenue, as well as on the City of Tulare’s website (www.tulare.ca.gov).

POSTED: Thursday, October 16, 2025 Melissa Wilcox, Chief Deputy City Clerk Office of the City Manager
411 East Kern, Tulare, CA 93274
559.684.4200 | www.tulare.ca.gov
To: Mayor and City Council Members
From: Marc Mondell, City Manager
Subject: October 21, 2025 Agenda Memo
Date: October 16, 2025
Time estimates are provided as part of the Council’s effort to manage its time at Council meetings. Listed times are estimates only and are subject to change at any time, including while the meeting is in progress.

The Council, by consensus, reserves the right to use more or less time on any item, to change the order of items, and/or to continue items to another meeting. Items may be heard before or after the time estimated on the agenda. This may occur to best manage the time at a meeting or to adapt to the participation of the public.
5:00 p.m. Special Meeting

1. CALL TO ORDER

2.1 Lobbyist Workshop with Spencer Street of Townsend Public Affairs (5-5:30 p.m.)

2.2 Inyo Corridor Workshop (5:30-6 p.m.)

2.3 Entertainment District Workshop (6-7 p.m.)

3. ADJOURNMENT
7:00 p.m. Regular Meeting

4. CALL TO ORDER

5. PLEDGE OF ALLEGIANCE AND INVOCATION - Debra Epps, Assistant Pastor of Living Christ Church, to deliver an invocation.

7. PRESENTATIONS [Time Estimate: 7:20 p.m.]

7.1 Downtown PBID Update. [J. Gomez]

9. COUNCIL REPORTS AND ITEMS OF INTEREST [Time Estimate: 7:35 p.m.]

10.1 Waive the reading of ordinances and approve reading by title only.

Recommended Action: Approve the reading by title only of all ordinances and that further reading of such ordinances be waived.

10.2 Approval of City Council Meeting Minutes.

Recommended Action: Approve the minutes of the special and/or regular meeting of October 7, 2025. [M. Wilcox]

10.3 Monthly Investments Report.

Recommended Action: Accept the monthly investments report for July and August 2025. [M.

Roberts]
Summary: The investments report for July and August 2025 is submitted for Council review and acceptance.

Fiscal Impact & Funding Source(s): There is no fiscal impact associated with this action.

Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

10.4 Contract Approval for Economic Development Strategic Plan.

Recommended Action: Approve and authorize the city manager to sign an agreement with Kosmont & Associates, Inc. to develop an Economic Development Strategic Plan and related services for a total amount not to exceed $100,000. [J. Gomez] Tulare City Council Page 3 of 20
Agenda Memo - October 21, 2025
Summary: In line with the City Council’s FY 2025-26 Strategic Plan, staff issued a Request for Proposals for an Economic Development Strategic Plan to seek out qualified firms with specialized expertise in economic development, urban planning, and commercial real estate to undertake a comprehensive analysis and strategic action planning effort for the city as a whole.

The scope of work will encompass a Citywide Economic Analysis, Market Study, Strategic Action Plan Development, Community Engagement, Policy Recommendations, Industry Cluster Analysis, and Retailer Metrics.

Staff received nine proposals, and the Evaluation Committee consisting of the Economic Development staff and the Assistant City Manager evaluated the proposals based on their relevant experience, understanding of the project’s scope and goals, proposed methodology and approach, availability of resources, proposed timeline, and cost. The firms submitting the top three proposals were then interviewed by the committee, and examples of their work product were also provided. Staff subsequently determined that Kosmont & Associates was the most qualified firm in this competitive process.

Kosmont’s approach to developing the Strategic Plan includes analyzing the demographic, economic, and market landscape for various land uses; listening to the needs and aspirations of business owners, community organizations, residents, and other key stakeholders; providing strategies that will help achieve the City’s economic development goals, including stimulating economic growth, attracting and retaining businesses, and promoting job creation; and assisting the City in implementing policy reforms, zoning changes, incentives, and other measures to support economic development objectives and streamline development. This service will be for an amount not to exceed $59,955.

Kosmont’s depth of expertise extends their areas of services to Economic Development Consulting Services, Land Use/Zoning and Community Planning Services, Planning and Development Services, and Real Estate Economics & Financial Advisory Services. It is due to this extensive area of expertise that staff are also recommending that approximately $40,000 be allocated for these other economic development-related services for any future on-call consulting services on a task order basis, bringing the total amount under the contract to $100,000.

Fiscal Impact & Funding Source(s): 100-100-101-102-000-5225 (Economic Development – Professional & Technical Services).

Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

Tulare City Council Page 4 of 20
Agenda Memo - October 21, 2025

10.5 Conditional Final Map Acceptance – Liberty Hill Phase 2.

Recommended Action: Conditionally approve the final map and subdivision improvement agreement for Liberty Hill Phase 2 for recordation; and accept all easements and dedications offered to the City, subject to receipt of the signed final map, all fees, and other required items prior to December 20, 2025. [M. Miller]
Summary: Planning Commission Resolution No. 5288, which was adopted on August 13, 2018, approved the tentative subdivision map for the Liberty Hill Subdivision. This subdivision is situated on the northwest corner of Bardsley Avenue and West Street and covers approximately

79.5 acres with a total of 384 single-family lots at full buildout. The development of the subdivision will be done in phases. Phase 2 of the Liberty Hill Subdivision will consist of 87 single-family residential lots and a landscape and lighting district lot.

To streamline the final map approval process, the Subdivider is seeking conditional approval and acceptance from Council. This is subject to the receipt of the signed map, all fees, and other necessary items within 60 days. Such requests for conditional approval have been routinely accommodated.

Fiscal Impact & Funding Source(s): There is no fiscal impact associated with this action.

Environmental Review: The tentative subdivision map for Liberty Hill Subdivision was approved by the Tulare Planning Commission on August 13, 2018 by Resolution No. 5288. A Mitigated Negative Declaration was prepared in support of the tentative map submittal, and the Planning Commission made the finding that there was no substantial evidence that the project would have a significant effect on the environment with the incorporated mitigation measures.

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: The final map will be reviewed for compliance with applicable legal requirements prior to recordation.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

10.6 Parcel Map Acceptance – TPM 2025-02 Lekkerkerker.

Recommended Action: Approve Parcel Map 2025-02 associated with the Lekkerkerker Subdivision, filed by BF Central Valley Holdings, LLC, a Washington Limited Liability Company, for the division of land located at the northeast corner of Pratt Street and Paige Avenue for recordation, and accept all dedications and easements offered to the City. [M. Miller] Summary: Tentative Parcel Map No. 2025-02, filed by BF Central Valley Holdings, LLC, seeks to create three parcels from one existing parcel for the future development associated with the Lekkerkerker Subdivision. The City of Tulare Planning Commission approved the Tentative Parcel Map on July 14, 2025, by Resolution No. 867. This parcel map covers approximately

59.3 acres, with Parcel 1 measuring 29.3 acres, Parcel 2 measuring 20.1 acres, and Parcel 3 measuring 9.9 acres.

Fiscal Impact & Funding Source(s): There is no fiscal impact associated with this action.

Tulare City Council Page 5 of 20
Agenda Memo - October 21, 2025
Environmental Review: The tentative subdivision map for Lekkerkerker was approved by the Tulare Planning Commission on January 13, 2025, by Resolution No. 5499. A Mitigated Negative Declaration was prepared in support of the tentative map submittal, and the Planning Commission made the finding that there was no substantial evidence that the project would have a significant effect on the environment with the incorporated mitigation measures.

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

10.7 HOME Investment Partnerships (HOME) Program and CalHome Program Funds.

Recommended Action: Adopt a resolution authorizing an appropriation of HOME Investment Partnerships Program (HOME) and CalHome Program grant and program income funds to SelfHelp Enterprises for the implementation of first-time homebuyer/mortgage assistance and owner occupied rehabilitation activities from October 1, 2025, through September 30, 2028; and the execution of a subrecipient agreement, any amendments thereto, and of any related documents necessary to establish annual budgets and implement activities in accordance with regulations of the HOME and CalHome Programs. [A. Costales] Summary: The City of Tulare (“City”) regularly submits applications for HOME and CalHome ‘grant’ funds to the California Department of Housing and Community Development (“HCD”), typically to implement activities that provide loan or grant financing to help low-income person(s) affordably purchase a home, complete necessary improvements to their properties, and rent a home. Currently, the City is responsible to HCD for the expenditure of 2019 HOME grant funds in the amount of $451,493 for first-time homebuyer (FTHB) and owner-occupied rehabilitation (OOR) assistance, HOME program income in the amount of $304,400 for tenant based rental assistance, OOR, and FTHB activities, and CalHome reuse funds in the amount of $49,194 for mortgage and owner-occupied rehabilitation assistance. Additionally, City staff anticipate receiving access from HCD to a 2022-2023 HOME grant of $300,000 for first-time homebuyer and owner-occupied rehabilitation activities. The existing subrecipient agreement with Self-Help Enterprises involving the delivery of HOME and CalHome activities expired on September 30th, 2025. Self-Help Enterprises responded to the Community Development Department’s Request for Proposal number 25-815 and submitted the sole compliant scope of work and budget for the use of HOME funds, grant and/or program income, for the delivery of first-time homebuyer and owner-occupied rehabilitation assistance. And, given the similarity of these HOME activities to those of the CalHome Program’s mortgage assistance and owner-occupied rehabilitation services, City staff forward a comprehensive agreement with Self-Help Enterprises for HOME and CalHome homebuyer and housing rehabilitation activities for City Council’s consideration.

Obligation of HOME and CalHome funds for the aforementioned activities aligns with the City’s recently adopted Consolidated Plan. The 2025-2029 Consolidated Plan prioritizes federal and state grant funds to preserve and expand affordable housing opportunities in the community.

To this end, HCD’s CalHome Program supports homeownership programs aimed at lower and very low-income households and those operated by private nonprofit and local government agencies, to increase homeownership and encourage neighborhood revitalization and sustainable development. While the federal HOME Program provides funding to state and local governments to provide decent affordable housing to low-income households and address Tulare City Council Page 6 of 20
Agenda Memo - October 21, 2025
affordable housing needs through four HOME eligible activities, including homeowner rehabilitation, homebuyer, rental, and tenant based rental assistance. Historically, the City secured both HOME and CalHome grant funds to provide said activities through competitive grant application cycles overseen by HCD. Combined with HOME and CalHome grant awards from HCD, the City also oversees a borrower loan portfolio with an estimated value over $7,000,000, composed principally of borrowers who received loans to purchase or rehabilitate a home under the HOME and CalHome Programs during the last 35 years. Upon receipt of loan repayments, the City must repurpose the HOME ‘program income’ or CalHome ‘reuse’ funds to eligible HOME and CalHome activities respectively. This portfolio essentially forms a revolving fund with median annual balances for the last five years at about $330,000 for HOME and less than $15,000 for CalHome funds. The presence of sizable grant and program income fund balances requires timely and effective activities, with minimal interruptions to the implementation of the type of housing programs identified.

Lastly, City staff contend that Self-Help Enterprises’ past performance and the local housing market conditions set up FTHB and OOR activities for sustained success. Since 2020, excluding a two-year stoppage to the first-time buyer activity under the HOME Program by HCD, SelfHelp Enterprises provided 9 first-time homebuyer assistance loans (median loan amount of $73,699) and 6 owner-occupied rehabilitation loans (median loan amount of $62,040). Together with recent housing market needs assessments with the City’s ConPlan and regional Housing Element, there remains a demand and gap for the special financing among low-income residents that HOME and CalHome activities may address. If approved by City Council as presented, City staff may finalize a subrecipient agreement and program guidelines as necessary to ensure a continuation of these particular activities under HOME and CalHome Programs for upwards of three years. The Housing and Grants Division will oversee a contract and collect data on a monthly basis to gauge production and fiscal outcomes, which will also establish a basis for programmatic and/or budgetary adjustments at least annually. City staff anticipate consistent demand among eligible households for these activities and annual production goals of two first-time homebuyer and owner-occupied rehabilitation loans.

Fiscal Impact & Funding Source(s): Appropriate a portion of the total HOME and CalHome funds over three fiscal years, beginning with Fiscal Year 2025-2026, for the reimbursement of HOME and CalHome eligible activities expensed through fund (310) and accounts (702 and 752 respectively).

Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item involves an appropriation of HOME and CalHome funds to a nonprofit organization, Self-Help Enterprises, for the delivery of particular housing activities that will be subject to a subrecipient agreement reviewed and approved by the City Attorney.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table. If authorization is not given, then the City will encounter an immediate pause to particular housing activities and must forward alternative activities and/or subrecipients that align with existing strategic plans and involve a timely expenditure of HOME and CalHome grant and program income funds per state and federal guidelines.

Tulare City Council Page 7 of 20
Agenda Memo - October 21, 2025

10.8 Caltrans Property Acquisition for SR99 and Paige Avenue Interchange Project.

Summary: As part of the Caltrans State Route 99 6-lane widening and Paige Avenue interchange improvement project, Caltrans is seeking to acquire the following city properties:
1) APN 191-070-025 (Parcel 89505) is situated at the southeast corner of State Route 99 and Paige Avenue. The city currently owns this parcel, which is approximately 6.7 acres in size. A city-owned stormwater basin is located at the southern edge of the parcel, serving the mobile home park and adjacent commercial properties.

Caltrans has requested to acquire approximately 4.7 acres of the city-owned parcel, which excludes the portion of the parcel associated with the existing city-owned stormwater basin. The property acquired by Caltrans is needed for the northbound offramp and a new storm drain basin for state highway runoff related to the Paige Avenue interchange. Caltrans is offering the city $962,500.
2) APN 182-230-047 (Parcel 89512) is situated near the northeast corner of State Route 99 and Paige Avenue. The city currently owns this parcel, which is approximately 0.7 acres in size. A city-owned stormwater basin serving the Southwood Estates subdivision is located on this property.

Caltrans is requesting to acquire the entire parcel. The land acquired by Caltrans is needed for the northbound on-ramp for the Paige Avenue interchange. Since the current basin is required for storm runoff for the Southwood Estates subdivision, Caltrans has acquired two adjacent parcels to the south (APN’s 182-230-053 and 182-230-053) for the purpose of relocating the city basin. Caltrans is proposing an exchange of the subject city-owned parcel for a portion of these two parcels. All improvements related to the relocation of the Southwood Estates basin will be completed as part of the Caltrans project at no cost to the city.
3) APN 171-090-034 (Parcel 89537 and Parcel 89541) is located on both sides of the Santa Fe Trail / Highway 99 pedestrian overpass. Caltrans is requesting a temporary construction easement to facilitate the replacement of the existing fence that separates city property from State Route 99. In exchange for temporary construction easement, Caltrans is offering the city $7,000.

To expedite the requested acquisitions and prevent delay to the project schedule, Caltrans purchase offer for APN 191-070-025 includes a 10% incentive if the City executes the right-of-way documents by November 2025. If the City is unable to meet this timeline, the purchase offer would be reduced accordingly.

Fiscal Impact & Funding Source(s): Should the City consent to Caltrans acquisition offers, a total of $969,500 of general fund revenue would result.

Tulare City Council Page 8 of 20
Agenda Memo - October 21, 2025
Environmental Review: Environmental review is not applicable to this Council action. Caltrans has completed an environmental review for the State Route 99 and Paige Avenue Interchange Improvement Project. More information about the environmental review can be found at https://dot.ca.gov/caltrans-near-me/district-6/district-6-projects/06-48950.

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: City attorney has reviewed the documents and provided comments.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes - Could delay Caltrans from meeting its project right-of-way certification deadlines, which may jeopardize funding and delay construction; 2) Deny - Would prevent Caltrans from acquiring the property required to widen State Route 99 and reconstruct the Paige Avenue interchange; or 3) Table - Would delay Caltrans from meeting its project right-of-way certification deadlines, which may jeopardize funding and delay construction. Additionally, the city could be forfeiting a 10% incentive bonus on APN 191-070- 025 if documents are not signed before November.

10.9 Willow Glen Phase 2 and 3 final Oversize Agreement.

Recommended Action: Authorize the city manager to execute an oversize construction reimbursement agreement with Presidio JJR Brighton 115, LLC, a Delaware Limited Liability Company for construction costs associated with Phase 2 and 3 of the Williow Glen (aka Brighton) subdivision that are eligible for reimbursement in accordance with Chapter 8.64 of the Municipal Code, subject only to minor conforming and clarifying changes acceptable to the city attorney and city manager. [M. Miller]
Summary: As part of development of Phases 2 and 3 of the Willow Glen subdivision located west of Mooney Boulevard on the north side of Cartmill Avenue, Presido JJR Brighton 115, LLC was required to install offsite oversized improvements. These included, but were not limited to, the following:

Installation of storm drain master plan improvements for Willow Glen Phase 2.

Installation of water main master plan improvement for Willow Glen Phase 3.

Costs associated with supplemental size and capacity are eligible for oversized construction reimbursement in accordance with Chapter 8.64 of the Municipal Code. The attached oversized construction reimbursement agreement identifies the work completed by the Developer that is reimbursable under the City’s oversize reimbursement procedures and specifies that the City will reimburse the developer for their expenditures plus accrued interest as funding becomes available through the city’s development impact fee program.

The proposed oversized construction reimbursement agreement is included with this submittal as Attachment 1. Should Council provide its authorization to do so, the final agreement will be executed by both parties.

Fiscal Impact & Funding Source(s): Fund 225 (DIF – Water Supply Facilities); Fund 227 (DIF – Storm Drain Facilities)
Tulare City Council Page 9 of 20
Agenda Memo - October 21, 2025
Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: The standard format used in preparing the oversized construction reimbursement agreement has been reviewed and approved as to form by the City Attorney.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with; 2) Deny - The City entered into a preliminary oversize agreement with the developer prior to start of construction for the work described. Per the provisions of the fee mitigation act, failing to reimburse the Developer for improvements required by the City to address impacts above and beyond those directly attributable to the development could result in litigation. Additionally, the developer may avoid undertaking future projects within the city limits; or 3) Table - A delay in the City’s approval of the oversize agreement could delay oversize reimbursement payments to the Developer and incur additional interest charges to the City.

10.10 Conditional Final Map Acceptance for the Cottonwood 3 Subdivision.

Recommended Action: Conditionally approve the final map and subdivision improvement agreement for the Cottonwood 3 subdivision for recordation and accept all easements and dedications offered to the City, subject to receipt of the signed final map, all fees, and other required items prior to December 20, 2025. [M. Miller]
Summary: Planning Commission Resolution No. 5488, which was adopted on June 24, 2024, approved the tentative subdivision map for the Cottonwood 3 subdivision. This subdivision is located on approximately 13.3 acres southeast of Mooney Boulevard and Foster Drive and will result in a total of 86 single-family residential lots and a park lot.

Fiscal Impact & Funding Source(s): There is no fiscal impact associated with this action.

Environmental Review: The tentative subdivision map for Cottonwood 3 was approved by the Tulare Planning Commission on June 24, 2024, by Resolution No. 5488. A Mitigated Negative Declaration was prepared in support of the tentative map submittal, and the Planning Commission made the finding that there was no substantial evidence that the project would have a significant effect on the environment with the incorporated mitigation measures.

Potential Conflict of Interest: Councilmember Mederos owns property within 500 feet of the boundaries of the Cottonwood 3 subdivision.

Legal Review: The final map will be reviewed for compliance with applicable legal requirements prior to recordation.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Tulare City Council Page 10 of 20
Agenda Memo - October 21, 2025
Alternative Action: 1) Approve with changes - Changes would result in delay to the project schedule; 2) Deny - Construction of the proposed single-family residential construction project would not be permitted; or 3) Table - The delay resulting from tabling this item could adversely impact the Developer’s construction schedule.

10.11 Cartmill Commons Notice of Completion.

Recommended Action: Accept the required public works improvements for the Cartmill Commons commercial project as complete, authorize the City Engineer to sign a Notice of Completion (NOC), and direct the City Clerk to file the NOC with the Tulare County Recorder’s Office. [M. Miller]
Summary: Certain public improvements were conditionally required for the Cartmill Commons commercial development located at the southwest corner of Cartmill Avenue and Akers Street.

These consisted of the following:
• extension of Akers Street south of Cartmill Avenue, including street frontage improvements consisting of curb, gutter, sidewalk and street lights, • modifications to the existing traffic signal at the intersection of Cartmill Avenue and Akers Street,
• water main and appurtenances in Akers Street and the private drive extending westerly off of Akers Street, and
• sewer and storm drainage facilities in Akers Street.

The developer of the Cartmill Commons project, UG2 TULARE CA, LP, has completed construction of all required public works improvements in accordance with the approved plans and specifications for this subdivision.

Fiscal Impact & Funding Source(s): The City will assume responsibility for ongoing maintenance of the public improvements. The following funding sources will be impacted by the operations and maintenance costs associated with the additional City infrastructure:
• Fund 100 – General Fund – Electrical costs for roadway lighting and maintenance of street improvements.
• Fund 106 – Wastewater Fund – Operations and maintenance of sewer and wastewater treatment infrastructure.
• Fund 107 – Water Fund – Operations and maintenance of water supply and distribution infrastructure.
• Fund 195 – Surface Water Management Fund – Operations and maintenance of storm drain (i.e., surface water) infrastructure.
• Fund 406 – Wastewater CIP Fund – Future replacement costs for sewer infrastructure when it reaches the end of its service life.
• Fund 407 – Water CIP Fund – Future replacement costs for water infrastructure when it reaches the end of its service life.

Environmental Review: Environmental review was completed in conjunction with prior project entitlements.

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: The City’s Notice of Completion template has been reviewed and approved as to form by the City Attorney.

Tulare City Council Page 11 of 20
Agenda Memo - October 21, 2025
Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny - Not recommended. The filing of a Notice of Completion is appropriate for documenting the City’s acceptance of the project’s public improvements and provides the developer with evidence of the same. Failure to accept the completed public improvements would be contrary to the terms and conditions of project entitlement; or 3) Table - A delay in the City accepting the improvements could adversely impact the developer’s ability to market the property to potential buyers/tenants.

Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting. [Time Estimate: 7:55 p.m.]

11.1 Intent to Substantially Amend 2025-2029 Consolidated Plan and 2025 Action Plan.

Recommended Action: Receive a staff presentation and provide comment on the substantial amendment process and/or potential changes to the City of Tulare’s 2025-2029 Consolidated Plan and 2025-2026 Annual Action Plan regarding the use of incoming HOME Investment Partnerships Program (HOME) and available Community Development Block Grant (CDBG) federal funds. [A. Costales]
Summary: A five-year Consolidated Plan (ConPlan) for Fiscal Year (FY) 2025/26 – FY 2029/30 and Annual Action Plan (AAP) for FY 2025/26 was developed over six months and adopted by the City Council on June 3rd, 2025. See Attachment 1 for a reference to the certified resolution and Attachment 2 for a website link to access and review a copy of the existing ConPlan and AAP. The ConPlan and AAP established a place-based, market-driven strategy for decisions about how federal and state grant funds will be allocated to address community development, housing, and social service needs. The City’s planned projects for the next five years reflect the needs and market realities uncovered in the ConPlan, both through data collection and input from community stakeholders and residents. And, the AAP described how the City intends to invest its CDBG funds to meet the ConPlan’s priorities to address housing and community development needs over a twelve-month period.

The City receives an award of CDBG funds annually, and beginning in FY 2025, the City will also receive federal HOME Investment Partnerships (HOME) Program funds directly from the U.S. Department of Housing and Urban Development (HUD). The City must evaluate the HOME Program and seek input from residents, local organizations and other stakeholders on how to utilize HOME funds to achieve ConPlan and AAP goals in a compliant and effective manner.

The City of Tulare, upon adoption of a substantial amendment to the ConPlan and AAP, will become a participating jurisdiction (PJ) under the HOME Program and have an opportunity annually to commit CDBG and HOME funds to activities and projects that achieve ConPlan goals.

The first element of a substantial amendment requires the incorporation of HOME funds within the ConPlan. Through consultation, the City will recommend a five-year spending plan involving HOME activities and/or projects that address ConPlan goals and needs. For reference, the Strategic Plan developed as part of the ConPlan called for projects to be undertaken from FY 2025 to 2029 that address one or more of the following needs / goals:

1. Preserve and Expand Affordable Housing Opportunities

2. Revitalize Communities
Tulare City Council Page 12 of 20
Agenda Memo - October 21, 2025

3. Enhance Public Services
The City will receive input, evaluate options, and present proposed HOME activities and/or projects that address one or more the aforementioned ConPlan strategic plan goals within a proposed amendment document. This written amendment to the ConPlan and AAP will be available for comment and consideration beginning on October 31st, 2025.

The second part of a substantial amendment involves a reallocation of CDBG funds as well as an obligation of forthcoming HOME funds to support existing and/or establish new eligible activities in FY 2025. The current AAP included four activities under the CDBG Program. The selection of activities and formation of budgets in this AAP was informed by an open and competitive Request for Proposals process in March 2025, the size of a 2025 CDBG allocation from HUD, and the balance of 2024 CDBG funds to repurpose. HUD notified the City of Tulare on May 14th, 2025, of the opportunity to become a PJ and receive HOME funds on a yearly basis. As such, the City should evaluate eligible uses of HOME funds and expand the ConPlan and AAP to include an obligation of HOME funds to particular HOME eligible activities and/or projects across the five-year ConPlan cycle and during the current fiscal year.

Table 1 - Current Activities and Allocations within the FY 2025 Annual Action Plan Activity Type & Name Allocation Federal Program - Source Public Infrastructure and Facilities
Improvements
$302,000 CDBG
Services for People Experiencing
Homelessness
$106,000 CDBG
Affordable Housing Preservation $250,000 CDBG
Program Administration and Planning (incl.

Fair Housing)
$142,000 CDBG
Subtotal $800,000 CDBG
To be determined (1 or more HOME
activities)
$500,000 HOME
Grand Total $1,300,000 CDBG & HOME
City staff will consult residents, local organizations, and other stakeholders and examine eligible activities and projects under the HOME Program in order to recommend one or more uses in FY 2025 for an allocation of HOME funds in the amount of $500,000. The $500,000 of HOME funds available in FY 2025 is much higher than forthcoming years because of a one-time contribution of $135,792.50 to be combined with a first year allocation of $364,207.50 from HUD. The City may commit the one-time participation threshold amount from its available HOME program income funds. Any proposed HOME activities and projects must adhere to federal regulations and align with the goals of the FY 2025-2029 ConPlan. The City estimates that HUD will award about $360,000 in HOME funds annually to the City as a PJ. As such, the City will propose and approve activities and projects with an anticipated total of about $1,800,000 of HOME funds from FY 2025 to FY 2029.

The City, per the terms of its 2025-2029 Citizen Participation Plan, must amend its approved Consolidated Plan or Annual Action Plan whenever a decision is made to propose a substantial change in allocation priorities. A substantial amendment to the ConPlan or AAP may include one or more the following factors:

1. Addition of an activity not initially identified in the ConPlan or Action Plan;

2. A change in excess of 25% of an activity’s original approved budget; and, Tulare City Council Page 13 of 20
Agenda Memo - October 21, 2025

3. A change in the purpose, scope, location or beneficiaries of an activity.

Housing and Grants Division staff contend that all three factors are present and necessitate a substantial amendment to the ConPlan and AAP. Residents and other stakeholders will be notified via two formal public notice publications and local marketing efforts of comment periods, public meetings, and public hearings. These outreach practices are meant to improve the public’s awareness and facilitate input. For more details on public participation requirements with a substantial amendment, please see the Citizen Participation Plan available on the City’s website at - https://www.tulare.ca.gov/government/departments/communitydevelopment/housing-grants-services/reports.

Overall, Staff began the substantial amendment process with a formal publication notice within the Visalia Times Delta and Tulare Advance Register on Friday, October 3rd (See Attachment 3). This notice outlined the involved federal grant sources, factors of the substantial amendment process, and the opportunities for public participation. With a public meeting on October 8th and distribution of an online survey, staff seek to build awareness and gather initial input from different stakeholders through October. The staff presentation and public hearing before City Council on October 21st continues the first half of the substantial amendment process involving public outreach and gathering preliminary input. By the end of October, staff will complete an assessment of HOME and CDBG program possibilities and public input in order to draft proposed changes to the ConPlan and Action Plan. And, staff will oversee a second 30-day period and public meeting on November 12th for the public to review said changes prior to City Council’s consideration of adopting a revised ConPlan and Action at the December 2nd, 2025, City Council meeting.

Fiscal Impact & Funding Source(s): There is no fiscal impact associated with this action.

Environmental Review: This action does not constitute a “project” pursuant to the California Environmental Quality Act (CEQA) or an appropriation of funding that triggers an environmental review process according to the National Environmental Policy Act (NEPA).

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: A notice of public hearing was published in The Visalia Times Delta on Friday, October 3rd, 2025, which is at least number 15 days prior to the public hearing.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table. If the City Council decides to delay the receipt of this presentation and public hearing, then the City must republish a formal public notice and adjust its overall timeline regarding the development and consideration of a substantial amendment to its ConPlan and Annual Action Plan.

Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting. [Time Estimate: 8:25 p.m.]

12.1 Contract Awards for Project EN0102 – K Street Improvements.

Recommended Action: [M. Miller] Award and authorize the city manager to sign contracts related to the construction phase of CIP Project EN0102 – K Street Improvement Project; Tulare City Council Page 14 of 20
Agenda Memo - October 21, 2025
authorize the city manager or designee to approve contract change orders in an amount not to exceed 10% of each contract amount; and approve the revised project sheet.

Task Description Contractor Amount

1. Construction Contractor Archer Civil Construction, Tulare, CA $4,508,582.10

2. Construction Inspection NV5, Fresno, CA. $463,953.44

3. Materials Testing NV5, Fresno, CA. $118,312.24

4. Construction Surveying Lane Engineers, Tulare, CA. $45,000.00

5. Labor Compliance Quad Knoff, Visalia, CA. $47,700.00 Summary: CIP Project EN0102 is a pavement management system project on South K Street between Olson Avenue and Paige Avenue. In addition to reconstructing the roadway, the project will include the installation of curb returns, sidewalk, drive approaches, and curb and gutter along both sides of K Street. By doing so, the project will improve surface water drainage, enhance traffic safety, and improve pedestrian connectivity and compliance with the American with Disabilities Act.

A detailed breakdown of the construction contracts required for the subject project is as follows:

1. Construction Contract: Archer Civil Construction
On September 18, 2025, seven bids were opened in response to Request for Bids #26-822 – K Street Improvement Project. The bid opening results are attached. Project EN0102 was initially approved through Council’s adoption of the 2023-2028 Capital Improvement Program with an estimated construction cost of $8,487,113.00. Upon completion of the project plans and specifications, the Design Engineer provided a construction cost estimate of $7,000.00.

Construction bids received ranged from $4,508,582.10 to $6,099,999.00. The bid low bid of $4,508,582.10 submitted by Archer Civil Construction of Tulare, CA was evaluated and found to be responsive to the requirements and instructions contained in the bid documents.

2. Construction Inspection: NV5
Given the high volume of projects across the city, both private and public, the City lacks the inhouse staff capacity to conduct the necessary construction inspections for Project EN0102.

Inspection of public improvement projects is crucial to verify compliance with City standards and the project plans, specifications and contract.

NV5 of Fresno, CA, is included on the list of pre-qualified, on-call consultants for providing construction management, resident engineer, and inspection services. The company demonstrated in its proposal that it possesses the necessary skills, expertise, and resources to meet the City’s needs within the required timeframe for completing the project. NV5 has reviewed the scope of this project and has proposed to perform construction inspection services on a time-and-materials basis, not to exceed $463,953.44, in accordance with the provisions of their on-call contract. This amount aligns with industry standards and matches what the City has experienced on projects with similar scopes of work.

3. Material Testing: NV5
While the project is under construction, it will be necessary to perform material testing to ensure compliance with City standards and project specifications. These tests, which include specialized laboratory work, are outside the City’s ability to self-perform.

NV5 of Fresno, CA, is included on the list of pre-qualified, on-call consultants for providing geotechnical and materials testing services. Their proposal demonstrated that they have the skills, expertise, and resources necessary to meet the City’s needs within the required Tulare City Council Page 15 of 20
Agenda Memo - October 21, 2025
timeframe for completing this project. NV5 has reviewed the scope and proposed to perform the required services on a time-and-materials basis, not to exceed $118,312.24, in accordance with their on-call contract. This figure aligns with industry standards and is below the estimated cost initially anticipated for these services.

4. Construction Surveying: Lane Engineers
During construction, it will be necessary to provide construction staking so the Contractor has the essential locations and elevations to properly build the improvements. Survey services include field and office surveying and recording corner records with Tulare County. As a professional service performed by a licensed surveyor, these services cannot be included in a competitively bid construction contract and therefore cannot be performed under the Contractor’s contract. Additionally, City staff does not have the time or the professional qualifications to perform these services.

Lane Engineers, Tulare, CA, is included on the list of pre-qualified, on-call consultants for providing construction surveying services. Their proposal demonstrated that they possess the necessary skills, expertise, and resources to meet the City’s needs and timeframe for completing the work on this project. Lane Engineers has reviewed the scope of Project EN0102 and proposes to perform the necessary services on a time-and-materials basis, not to exceed $45,000.00, in accordance with the provisions of their on-call contract. This amount aligns with industry standards and what the City has experienced on projects with similar scopes of work.

5. Labor Compliance Monitoring: Quad Knopf
This project is subject to Prevailing Wage requirements. To ensure proper wages are paid and accounted for following the ever-changing requirements under state and federal law, it will be necessary to perform labor compliance monitoring of those contractors and consultants subject to these requirements. Due to the complexities involved, the City lacks the necessary expertise and resources to perform this work.

Quad Knopf of Visalia, Ca, is included on the list of pre-qualified, on-call consultants for providing labor compliance monitoring services. The company demonstrated in its proposal that it possesses the necessary skills, expertise, and resources to meet the City’s needs and timeframe for completing the project work. Quad Knopf has reviewed the scope of Project EN0102 and proposes to perform the necessary services on a time-and-materials basis, not to exceed $47,700.00, in accordance with the provisions of their on-call contract. This amount is in line with industry standards and aligns with the City's experience on projects with similar scopes of work.

The construction bid amount came in under the Engineer’s Estimate, revisions to the project budget are still necessary.

Staff recommends that Council award and authorize the city manager to sign the subject contracts related to CIP Project EN0102 – K Street Improvement Project. Additionally, staff recommends that Council authorize the city manager or their designee to approve contract change orders up to 10% of each contract's amount. Finally, staff recommends that Council approve the revised project sheet, which has been updated based upon the subject construction contract award costs.

Fiscal Impact & Funding Source(s): Fund 105 – Solid Waste & Street Sweeping (Franchise Fee); Fund 300 – Gas Taxes (HUTA) ; Fund 300 – Gas Taxes (STBGP) Tulare City Council Page 16 of 20
Agenda Memo - October 21, 2025
Environmental Review: Project EN0102 qualifies for a categorical exemption under the California Environmental Quality Act (CEQA). A Notice of Exemption for the project has been filed with the Tulare County Recorder’s Office.

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: Subsequent contract approval to be reviewed by the City Attorney.

Alternative Action: 1) Approve with changes - Significant changes to the project scope would require the City to revise the project design and re-bid the project; 2) Deny - Council could reject bids and/or construction contract proposals received for the project. This would require staff to re-bid the project or seek alternative proposals, resulting in delay to the project. There is also the risk that subsequent bids would result in higher costs; or 3) Table - Tabling the item would result in delay to the project delivery schedule.

12.2 Contract Amendments for Project FM0048 – Homeless Shelter.

Summary: On July 19, 2022, the City Council approved a contract with 4Creeks, Inc. in the amount of $357,162.00 for design and construction support services during the development of the Emergency Homeless Shelter. As construction has progressed, the need for the following additional services under this contract has arisen:
• Additional Design Services – Due to changes made during construction, it will be necessary for 4Creeks, Inc. to provide updated fire alarm, electrical, low voltage, plumbing, grading, and architectural plans. At the time of construction award, the City was still trying to identify a manufacturer to supply the restroom and shower units that will serve the homeless shelter and modular village units. With these unknows, it was not possible for 4Creeks, Inc. to identify all necessary details and specifications for the foundations and utility connections in the construction documents. The restroom and shower units have since been purchased, and it is now necessary to provide the required details and specifications to the contractor. 4Creeks, Inc. has provided a proposed contract amendment in the amount of $16,500, which has been reviewed and found to be reasonable and consistent with current design fee rates for such services. • Construction Support Services – As part of their initial contract, 4Creeks, Inc. included $14,709.00 for construction support services. At the time of the design contract award, both 4Creeks, Inc. and the City anticipated that this amount would be sufficient. Following a review of the level of services performed to date and evaluation of the work remaining, it is evident that additional budget will be necessary to provide required services through the end of construction. 4Creeks, Inc. is requesting a contract amendment in an amount not to exceed $25,000. The Engineering Department has reviewed the proposed contract amendment and determined that the proposed costs are reasonable and consistent with current design fees. Actual costs for these services will only be incurred on an as-needed basis and will be billed based on time and materials. Therefore, the City may only incur a portion of the $25,000 contract amendment.

Tulare City Council Page 17 of 20
Agenda Memo - October 21, 2025
The combined amount of $41,500 requested by 4Creeks, Inc. exceeds the 5% contingency authorized by City Council at the time of contract award, necessitating Council’s approval of the proposed amendments.

On September 17, 2024, City Council approved a contract with Krazan & Associates, Clovis, CA, in the amount of $48,745 for material testing services related to the construction of the Homeless Shelter. At the time of contract award, it was anticipated that this budget would be sufficient to complete the project. However, the project has proven to be more complex than expected, with a greater number of site visits being required to verify compliance with design specifications. The original contract budget for material testing has been exhausted. Krazan & Associates is proposing a contract amendment in an amount not to exceed $25,000 to cover costs through the end of construction. This amount includes additional compaction testing, concrete testing, and other material testing required for the project. The Engineering Department has reviewed the proposed addendum and determined that the proposed costs are reasonable and consistent with material testing fees experienced on other City projects. Actual costs for these services will only be incurred on an as-needed basis and will be billed based on time and materials. Therefore, the City may only incur a portion of the $25,000 contract amendment.

The combined amount of $25,000 requested by Krazan & Associates exceeds the 5% contingency authorized by City Council at the time of contract award, necessitating Council’s approval of the proposed amendments.

Fiscal Impact & Funding Source(s): CIP Project FM0048 – Homeless Shelter is funded by the following sources:
• ARPA Federal Grant
• Other General Fund CIP
• County ARPA Contribution
• FY23 CPF Federal Earmark
• ERF Round 2 Grant
• FY25 CPF Federal Earmark
The Project Sheet for Project FM0048 as approved in the 2025-2030 Capital Improvement Plan identified a total of $1,053,622.75 for construction phase contingency. It is proposed that the expenses associated with the requested contract addendums be charged to the project account string for construction contingency (FM0048-050-0999). To date, only $32,086.10 has been charged to this account string. No additional funding is requested at this time.

Environmental Review: Environmental review completed prior to project construction.

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes - Staff would work to incorporate any changes or recommendations directed by City Council; 2) Deny - Should City Council deny the requested Tulare City Council Page 18 of 20
Agenda Memo - October 21, 2025
contract amendments, the City will not have the construction assistance or material testing services necessary to ensure that the project is constructed in accordance with the approved plans and specifications; or 3) Table - Postponing the amendment to the contracts with 4Creeks Inc and Krazan & Associates could delay the project schedule.

12.3 Contracts with SCE for Project FM0048 – Homeless Shelter.

Recommended Action: Authorize the city manager to sign contracts with Southern California Edison to install electrical service and street lights for CIP Project FM0048 - Homeless Shelter, with associated costs totaling $153,998.95. [M. Miller] Summary: On September 17, 2024, City Council awarded the construction contracts for CIP Project FM0048 to construct a Homeless Shelter. This facility consists of a 20,000 square foot steel building, three modular buildings that will serve as office, food pantry, laundry room and classroom space, restrooms and shower facilities, a 32 room living quarters modular village, dog kennels, storage containers, a parking lot, exterior lighting, roadway frontage improvements, utility extensions, and perimeter fencing. This project was included and approved as part of the City’s 2023-2028 CIP budget and was carried over into the 2025-2030 CIP budget.

There is no existing electrical panel to provide service to the Homeless Shelter facility.

Coordination with Southern California Edison (SCE) is required for this project to install the necessary service point. The electrical switchgear box to be installed by SCE will also provide sufficient capacity to support additional development in the vicinity. Should such development occur, the benefiting properties would be charged connection fees which would in turn result in refunds by SCE to the City.

In addition to the proposed SCE contract for an electrical service point, a second SCE contract is required for the installation of streetlights along the project’s O’Neal Avenue frontage, and immediately adjacent to the project site.

Staff recommends City Council authorize the city manager to sign contracts with Southern California Edison to install electrical service and street lights for CIP Project FM0048 Emergency Homeless Shelter, with associated costs totaling $153,998.95.

Environmental Review: Environmental review completed prior to project construction.

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Tulare City Council Page 19 of 20
Agenda Memo - October 21, 2025
Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes - Staff would work to incorporate any changes or recommendations directed by City Council; 2) Deny - Electrical service is required for the Homeless Shelter to operate. Therefore, denial would have catastrophic consequences for the viability of the project; or 3) Table - Postponing approval of the contracts with SCE would result in delay to the project schedule.

12.4 Infrastructure Improvement Agreement with Faria Family II Limited Partnership and the International Agri-Center, Inc.

Recommended Action: Approve the proposed Infrastructure Improvement Agreement between the City of Tulare, the Faria Family II Limited Partnership and the International AgriCenter, Inc. and authorize the City Manager to execute all necessary documents. [M. Mondell; M. Zamora]
Summary: The City of Tulare has been approached by the Faria Family II Limited Partnership and the International Agri-Center, Inc. to execute the attached Infrastructure Improvement Agreement prior to the issuance of a request for bids and the commencement of the infrastructure improvements. In furtherance of the infrastructure improvements, the Faria Family II Limited Partnership and the International Agri-Center, Inc. agree to donate/dedicate portions of their respective properties necessary for the project. Section 1.6 of the attached Infrastructure Improvement Agreement provides that if the project is not constructed for any reason, the City of Tulare will return the land or property rights donated/dedicated by the Faria Family II Limited Partnership and the International Agri-Center, Inc to such parties.

Fiscal Impact & Funding Source(s): The City of Tulare has secured a federal earmark in the amount of Four Million Dollars ($4,000,000) which will serve as the first source of funding for the infrastructure improvements. The loan in the amount of $2,500,000.00 each to the Faria Family II Limited Partnership and the International Agri-Center, Inc. will be funded by the Tulare County Association of Governments and is contingent on the City of Tulare receiving the loan amount from the Tulare County Association of Governments.

Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: The proposed agreement was reviewed and approved by the City Attorney’s Office.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

Tulare City Council Page 20 of 20
Agenda Memo - October 21, 2025

12.5 Economic Development Quarterly & September Updates.

Recommended Action: Receive an update on economic development activity. [J. Gomez] Summary: Attached is a presentation covering July-September 2025 highlighting activities and updates over the last quarter.

Also attached for your reference is the September 2025 Economic Development Bulletin identifying activities and projects that took place in the previous month highlighting four elements of economic development.
• Building permits issued pertaining to residential and commercial improvements along with the total value of those improvements
• Business licenses that were issued for either new businesses, change of ownership, or businesses that failed to have a business license previously • Active projects that will have a sizeable impact on economic development • Site Plan Review projects that have been submitted to the City that could positively address commercial and residential needs
This is an informational item only and does not require any action by the City Council.

Fiscal Impact & Funding Source(s): There is no fiscal impact associated with this action.

Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Potential Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

13. FUTURE AGENDA ITEMS - NONE SUBMITTED [Time Estimate: 9:45 p.m.]

14. STAFF UPDATES [Time Estimate: 9:45 p.m.]

15. ADJOURNMENT [Time Estimate: 9:50 p.m.]
The next regularly scheduled meeting of the Tulare City Council is Tuesday, November 4, 2025, at 5:30 p.m. in the Council Chamber, 491 North M Street, Tulare.

City of Tulare Page 1 of 5

CITY OF TULARE

CITY COUNCIL MEETING MINUTES
Tulare Public Library & Council Chamber
491 North M Street, Tulare
Tuesday, October 7, 2025
6:00 p.m. Special Meeting
7:00 p.m. Regular Meeting
Proper notice of this meeting was given pursuant to Government Code Section 54954.2 and 54956.

COUNCIL PRESENT: Mayor Patrick Isherwood
Vice Mayor Steve Harrell
Councilmember Dennis A. Mederos
COUNCIL ABSENT: Councilmember Jose Sigala
Councilmember Terry A. Sayre
STAFF PRESENT: City Manager Marc Mondell; City Attorney Mario U. Zamora; Administration Analyst Diana Smith; Assistant City Manager Thomas W. Gaffery IV; Deputy City Manager/Chief Technology Officer Jason Bowling; Chief Financial Officer Mark Roberts; City Engineer Michael Miller; Public Works Director Trisha Whitfield; Community Services Director Chris Orr; Police Captain Jon Hamlin; Fire Chief Michael Ott; Community Development Director Mario Anaya; Executive Director of Economic Development & Redevelopment Jennifer Gomez; Human Resources Director Janie Venegas; Assistant Finance Director Melanie Gaboardi

1. CALL TO ORDER
Mayor Isherwood called to order the special meeting of the Tulare City Council at 6:04 p.m. in the Council Chamber located at 491 North M Street.

2. STUDY SESSION

2.1 Fiscal Impact Analysis and Community Facilities District Overview.

Recommended Action: Receive a presentation by NBS providing an overview of the fiscal impact analysis and Community Facilities District (CFD).

Presented By: Sara Mares, Chief Operating Officer of NBS Public Comment: There were no public comments.

Council Action: No action was taken on this item.

3. ADJOURNMENT
Mayor Isherwood adjourned the special meeting at 6:44 p.m.

4. CALL TO ORDER
Mayor Isherwood called to order the regular meeting of the Tulare City Council at 7:03 p.m. in the Council Chamber located at 491 North M Street.

5. PLEDGE OF ALLEGIANCE AND INVOCATION
Vice Mayor Harrell led the Pledge of Allegiance, and an invocation was given by Dennis Sunderland, Pastor of Tulare Bethel Church.

Item #: 10.2
Consent
City Council Meeting Minutes
City of Tulare Page 2 of 5

6. PROCLAMATIONS & RECOGNITIONS

6.1 Proclamation for Fire Prevention Week – October 5-11, 2025. Vice Mayor Harrell read and presented a proclamation to Fire Department Captain Ryan Leonardo proclaiming October 5-11, 2025 as Fire Prevention Week. Captain Leonardo spoke about the importance of properly recycling lithium-ion batteries.

6.2 Proclamation for Code Enforcement Officer Appreciation Week – October 5-11, 2025. Mayor Isherwood read and presented a proclamation for Code Enforcement proclaiming October 5 – October 11, 2025 Code Enforcement Officer Appreciation Week.

7. PUBLIC COMMENT
David Young spoke about his concerns with massive consumption of alcohol in city parks, specifically at Prosperity Sports Park.

Shea Gowin provided information on a community event called Break the Silence.

Rodney Clausen, a resident in the Del Lago neighborhood, provided an update on the group home that is in the neighborhood. He requested the City provide an update on their efforts to address these ongoing issues. Mayor Isherwood informed him that an update will be given during the Items of Interest portion of the agenda.

Terry [no last name provided] spoke on the resettlement of Afghan and Middle Eastern refugees in Tulare, particularly the vetting process flaws and how that may impact community safety. She provided paper copies to the Council of a Press Release from the Office of the Director of National Intelligence. She urged Council to take the following steps: Request a briefing from the Sheriff and federal partners on managing these challenges, advocate for resettlement programs to align with our safety priorities and host a “Stop the Bleed Event” through local partners.

Donette Silva-Carter from Tulare Chamber of Commerce provided an update on upcoming events in Tulare.

8. PRESENTATIONS

8.1 Review of the City’s Draft Active Transportation Plan (ATP). Ruta Jariwala, Principal at TJKM, provided a presentation of the City of Tulare Active Transportation Public Review Draft. Principal Planner Steven Sopp requested input from Council. Mayor Isherwood instructed the PowerPoint presentation be sent to Council.

9. COMMUNICATIONS
City Manager Marc Mondell advised there were no communications.

10. COUNCIL REPORTS AND ITEMS OF INTEREST
Council reported on recent events and discussed items of interest.

11. CONSENT CALENDAR
It was moved by Councilmember Mederos, seconded by Vice Mayor Harrell, and carried 3 to 0 (Councilmembers Sigala and Sayre absent) to approve the items on the Consent Calendar as presented.

11.1 Waive the reading of ordinances and approve reading by title only.

Recommended Action: Approve the reading by title only of all ordinances and that further reading of such ordinances be waived.

City Council Meeting Minutes
City of Tulare Page 3 of 5

11.2 Approval of City Council Meeting Minutes.

Recommended Action: Approve the minutes of the special and/or regular meeting of September 16, 2025. [M. Wilcox]

11.3 Purchase of Motorola Patrol Two-Way Radios.

Recommended Action: Award the purchase of 10 Motorola Patrol two-way radios to Motorola Solutions in the amount of $62,289.62, using Sourcewell Contract No. 042021- MOT (price includes all fees, taxes, and shipping charges). [M. Reed]

11.4 Capital Improvements Project Dashboard for October 2025.

Recommended Action: Accept the Capital Improvements Project Dashboard for October 2025. [M. Miller]

11.5 Parcel Map Acceptance – TPM 2025-01.

Recommended Action: Approve the parcel map filed by BF Central Valley Holdings, LLC, a Washington Limited Liability Company, for the division of land located 400 feet east of E Street and 1,300 feet north of Paige Avenue for recording, and accept all dedications and easements offered to the City. [M. Miller]

11.6 Project for Communications at Tulare County Fire Station 25.

Recommended Action: Approve appropriation of $181,000 from the Technology reserve from General CIP Fund (Formally Fund 603 Technology CIP) for the creation of an out-ofcycle Capital Improvement Project to add communications equipment at County Fire Station 25 in the amount of $226,000; and authorize a sole source purchase of police and fire radio equipment from Motorola Solutions to be used at County Fire Station 25 from Motorola Solutions in the amount of $68,628.26. [J. Bowling]

11.7 Electric Vehicle Purchase.

Recommended Action: Authorized the City Manager or designee to apply for an electric vehicle grant from the San Joaquin Valley Air Pollution Control District (SJVAPCD) and sign all applicable paperwork. [M. Correa; T. Whitfield]

12. GENERAL BUSINESS

12.1 FY 2024 Annual Comprehensive Financial Report and Single Audit.

Recommended Action: Review and accept the Annual Comprehensive Financial Report (ACFR) and Single Audit for the Fiscal Year Ended June 30, 2024.

Presented By: Engagement Manager Anthony Gonzalez, Price Paige & Company Public Comment: There were no public comments.

Council Action: Mayor Isherwood asked what actions are being taken to have the audit completed faster for Fiscal Year 2025. Chief Financial Officer Roberts responded thereto stating he expects the audit to be complete in March. It was moved by Councilmember Mederos, seconded by Vice Mayor Harrell, and carried 3 to 0 (Councilmembers Sigala and Sayre absent) to accept the item as presented.

12.2 Cross Avenue Traffic Studies and Designation of All-Way Stop.

Recommended Action: Receive the results of traffic studies conducted for the intersections of Cross Avenue and Brentwood Street and Cross Avenue and Coelho Avenue; and adopt a resolution designating the intersection of Cross Avenue and Brentwood Street as an all-way stop intersection and authorizing the installation of corresponding stop control.

Presented By: City Engineer Miller
Public Comment: Steve Celentano voiced his concerns on the danger of Coelho and Cross and disagrees with the recommendation.

City Council Meeting Minutes
City of Tulare Page 4 of 5
Council Action: Council agreed with the public comment. Council discussed the study and shared concerns. City Manager Mondell recommended staff conduct research on roadway examples from other communities that address speed control and present to Council. There was a consensus by Council to take City Manager Mondell’s offer and allow him to bring information at a future meeting. It was moved by Vice Mayor Harrell, seconded by Councilmember Mederos, and carried 3 to 0 (Councilmembers Sigala and Sayre absent) to table the item.

12.3 SJV Horizontal, LLC Improvement Agreement for Mooney Blvd Street Improvements.

Recommended Action: Authorize the City Manager to execute an improvement agreement with SJV Horizontal, LLC for the construction of street improvements along the west side of Mooney Boulevard (State Route 63) from Cartmill Avenue to the south side of the Bella Oaks subdivision located approximately 290 feet south of Bella Oaks Avenue, subject only to minor conforming and clarifying changes acceptable to the City Attorney and City Manager.

Presented By: City Engineer Miller
Public Comment: There were no public comments.

Council Action: Assistant City Manager Gaffery clarified that there is no conflict with Councilmember Mederos. It was moved by Councilmember Mederos, seconded by Vice Mayor Harrell, and carried 3 to 0 (Councilmembers Sigala and Sayre absent) to approve the item as amended: Authorize the City Manager to execute an improvement agreement with SJV Horizontal, LLC for the construction of street improvements along the west side of Mooney Boulevard (State Route 63) from Cartmill Avenue to the south side of the Bella Oaks subdivision located approximately 290 feet south of Bella Oaks Avenue, subject only to minor conforming and clarifying changes acceptable to the City Attorney and City Manager, which will include the Bella Oaks and Mooney Blvd intersection to be completed, and authorizing the funding as indicated by staff under the circumstances from the Del Lago settlement, the LTF funds, and other general funds.

12.4 City Manager Employment Agreement Amendment.

Recommended Action: Approve the Fourth Amendment to the Employment Agreement with City Manager Marc Mondell.

Presented By: City Attorney Zamora
Public Comment: There were no public comments.

Council Action: City Attorney Zamora pointed out an arithmetic mistake in the staff report, to which City Manager Mondell gave a correct dollar amount of $18,192.50. It was moved by Councilmember Mederos, seconded by Vice Mayor Harrell, and carried 3 to 0 (Councilmembers Sigala and Sayre absent) to approve the item as presented.

13. FUTURE AGENDA ITEMS - NONE SUBMITTED

14. STAFF UPDATES
Staff provided updates on department activities.

15. RECESS TO CLOSED SESSION TO DISCUSS THE FOLLOWING ITEMS

15.1 Conference with Real Property Negotiations (Govt. Code § 54956.8) Property: APNs 191-070-025, 182-230-047, and 171-090-034 Agency Negotiator(s): City Attorney Zamora, City Manager Mondell, Assistant City Manager Gaffery, Deputy City Manager/CTO Bowling, City Engineer Miller Negotiating Parties: California Department of Transportation (Caltrans) Under Negotiations: Price and terms of payment
City Council Meeting Minutes
City of Tulare Page 5 of 5

15.2 Conference with Labor Negotiators (Gov. Code § 54957.6) Agency Designated Representatives: City Attorney Zamora, City Manager Mondell, Assistant City Manager Gaffery, Deputy City Manager/CTO Bowling Employee Organization(s): Tulare Professional Fire Fighter Association – Management, Tulare Professional Fire Fighter Association – Non-Management Unrepresented Employee(s): Fire Battalion Chiefs
Council recessed to closed session at 9:19 p.m.

16. RECONVENE FROM CLOSED SESSION
Council reconvened from closed session at 9:39 p.m.

17. CLOSED SESSION REPORT
There was no reportable action.

18. ADJOURNMENT
Seeing no further business to discuss, Mayor Isherwood adjourned the regular meeting at 9:39 p.m.

This is to certify that the foregoing is a true and
correct copy of the minutes of Click or tap to enter a
date., as approved by the Tulare City Council.

Marc Mondell, City Clerk

By Melissa Wilcox, Chief Deputy City Clerk
Staff Report
Meeting: City Council
Date: October 21, 2025
Department: Finance
Submitted by: Mark Roberts, Chief Financial Officer
Agenda Title: Monthly Investments Report

RECOMMENDED ACTION
Accept the monthly investments report for July and August 2025.

SUMMARY
The investments report for July and August 2025 is submitted for Council review and acceptance.

FISCAL IMPACT & FUNDING SOURCES
There is no fiscal impact associated with this action.

ENVIRONMENTAL REVIEW
This action does not constitute a “project” pursuant to the California Environmental Quality Act (CEQA).

POTENTIAL CONFLICT OF INTEREST
Staff is not aware of any conflicts of interest.

LEGAL REVIEW
This item does not require legal review.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as a part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes

2. Deny

3. Table

ATTACHMENTS

1. July 2025 Investments Report

2. August 2025 Investments Report
Reviewed/Approved:

Item #: 10.3
Consent

CITY OF TULARE
SUMMARY TREAST]RER'S REPORT

SUMMARY OF ALL INIVESTMENTS
July 31, 2025

TYPE OF INVESTMENT

CURRENT
YIELD
UNRESTRICTED INVESTMENTS. SEE PAGE 2 227,494,826 224"681,60'7 1.908% 93.18% RESTRICTED INVESTMENTS - SEE PAGE 3 l 6.6s3.360 1 6,653,3 60 N/A 6.82% TOTAL INVESTMENTS 244.148,186 241,334,967 N/A 100.00%
Note: The City's financial statements will report market values, not book values, at June 30 each year I certiff that this report reflects all City investments and complies with the investment policy of the City of Tulare as approved by City Council.Furthermore, I certi$ that sufficient investment liquidity and anticipated revenues are available to meet the City's budgeted expenditures for the nextsix months.

Presented to the City Council on October 21,2025 Presented to the Board of Public Utility Commissioners on October 16,2425Respectfully submitted, Mark Roberts, Chief Financial Officer BOOK
VALUE
MARKET
VALUE

BOOKVALUE
ah oF
TOTAL
Lwf;eKe#* rol06lzs
Date
T:\Finance\lnvestments\2025-2026 lnvestments ReportsU -.,uly 2025 lnvestment report.xlsm

ISSUER OF
IN.\/ESTNTENT

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

SUMMARY OF UNRESTRICTED INVESTMENTS
July 31,2025
DATES: INTERESTRATES:

ACQUISITION STATED

MATURITY CURRENTYIELD PARVALIIE
BOOK
VALUE
v" oF
ult- TYPE OF INVESTMENT
Petty Cash N/A
Checking Account - City Wells Fargo Bank
Local Agency Investment Fund (LAIf) State of California Money Market Mutual Fund Various
Sub-Total
Fixed Income Investments Various (See page 4-1 1 )
Investments in Safekeeping With BNY Westem Trust Company N/AN/A
N/A
On Demand
Various
On Demand
Various
On Demand
NiA
None
N/A
None
N/A

4.258%
N/A

4.180%
N/A

2.288%
N/A
t.720%
N/AN/A
N/AN/A
| "66s,260
138,772
36,982
3,082
1,702,242
l4 1,853
2,s85,341
215,445
4,287,583
?57 ?qO

0.39%
32 69y.

61.31%
I 00.00%
N/A 12,900
12,900

BOOK VALUE

MARKETVALUE
Balance per bank is $

THIS MONTH ANNUAL

LAST MONTH THIS MONTII

UNREALIZED
GAIN/(LOSS):

NiAN/A
N/A
N/A
46,865
46,357
46,86546,357
(2,860,084)
(2,913,22t)
(2"8t3,219)(2,866,864)

ESTIMATED
EARNINGS:

0.01%
N/A
N/A
N/A
N/A
N/A
34,355,30 1
34,3s5,30 139,108,96439,155,828
Per BNY WTC
884,73s884,735
74,361,90074,408,7 6s
Per BNY WTC
1s3,132,926
150,272,843
227,494,826224,68t.607

15.10%

11.19%
00 N/A

TOTAL UNRESTRICTED INVESTMENTS N/A

1.908%
* LAIFmarketvaluesarebasedonthemostcurrentlyavailableamortizedcostinformation-June30,2025: l .001 1983 10 - U/l : Unrestricted Investments 2 T;\Finance\lnvestments\2025-2026 lnvestments Reports\1 - July 2O2S tnvestment report.xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

SUMMARY OF RESTRICTED INVESTMENTS
July 31, 2025

ACQUISITION
DATE
Various On Demand

MATURITY
DATE
STATED

INTEREST RATE
PAR
VALUE
BOOK
VALUE
MARKET
VALUE

BALANCES
AS-OF

TYPE OF INVESTMENT ISSUER OF INVESTMENT DATE
Bond Funds (All are Managed by tl.S. Bank Trust Except LAIF):
20 I 8 Lease Revenue and Refunding Bonds (Account No. 244938000) First American Gol't Fd U.S. Bank Trust
20 I 5 Sewer Revenue Refunding Bonds (Account No. 26 1 594000) First American Govt Fd U.S. Bank TrustFirst American Govt Fd U.S. Bank TrustInvestment Repurchase GIC Bayerische Landesbank 20 I 6 Sewer Revenue Relunding Bonds (Account No. 23 I 687000) U S Bk Mmkt U.S. Bank Trust
2020 Sewer Revenue Refunding Bonds (Account No. 230396000) U S Bk Mmkt U.S. Bank Trust
2017 Water Revenue Bonds (Account No. 2l9l 89000)
U S Bk Mmkt U.S. Bank Trust
Various
1 1-l 5-l 5
VariousVariousVarious
On Demand
n-15-25
On Demand
On DemandOn Demand
On DemandOn Demand
Various
Rescnc Fund
VariousVarious
Rcscnc Fund
t.960%
Rcscne Fund
VariousVarious
Various
N/A
N/AN/A

3.s3r.085 3.53r.085

3.531.085 3.531.085
2,210
49,794
) )1i

49.794
s.032.68s 5.031.685

5.084.689 5.084.689
rn o{{ to q{s,qr$ ,0,%5
7-31-25
7-31-257-31-2-57-31-25
5 5
N/AN/A
N/AN/A
N/AN/A
1 7-31-25
7-31-25
s 7 -31-25
2020 Water Revenue Bonds (Account No. 250953000)
U S Bk Mmkt U.S. Bank Trust Various
20 I 7 Successor Agency Tax Allocation Bonds - Series A & B (Account No. 245346000) U S Bk Mmkt U.S. Bank Trust Various
TOTAL RESTRICTED INVESTMENTS Book Vdue % of Tolal Investments :

Various 1,298,765 7-31-25
7,298,'765
Various 7-31-25

6.82% t6,653,360 16,653,360
7,298,7657,298,765
7 t7 ,862717,862
717 ,862
717 .862
T:\Finance\lnvestments\2025-2025 Ihvestments ReportsU - July 2025 lnvestment rePort xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS, CONTINUED
July 31,2025
DATES: INTERESTRATES:

ACQUISITION STATED

MATURITY CURRENT YIELD

UNREALIZED
GAIN/(LOSS):

BOOK VALUE THIS MONTH

PARVALUE MARKETVALUE LASTMONTH

TYPE OF F'IXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS. CONTINUED
Federal Home Loan Mtg Corp
3l34GWUV6
Federal Farm Credit Bks Funding Corp
3I33EMEC2
Federal Home Loan Mtg Corp
3I34GWZL3
Federal Home Loan Mtg Corp
3l34GW6S0
Federal Home Loan Mtg Corp
3 134GXAP9
Federal Home Loan Mtg Corp
3 I 34GXCS I
Federal Home Loan Mtg Corp
3134GXFA7
Federal Home Loan Mtg Corp
3134GXDM3
Federal Farm Credit Bks Funding Corp
3I33EMKT8

ESTIMATED
EARNINGS:
;\NNUAL

THIS MONTH
09-30-20
09-30-25 c
10-22-20
10-22-25 c10-29-20
10-29-25 cI 1-10-20
11-10-2s c11-12-20l1-12-25 c
11-2s-2011-25-25 c
I I -30-2011-26-25 ct2-01-20
12-01-25 c12-17-20
12-17-25 c

0.s20%0.s20%

0.s30%0530%

0.570%0.580%

0.610%0.620%0.600%

0.610%0.625%

0.630%0.650%

0.660%0.620%0.630%

0.540%0.550%
2,500,000
2,500,000
3,000,000
3,000,000
2,000,000
3,000,000
2,000,000
1,500,000
2,500,000
Per BNY WTC
2,500,0002,483,97 s
2,500,0002,477,925
3,000,0002,971,9803,000,000
2,968,1402,000,000
I,978,300
3,000,000
2,964,s102,000,000
1,977 ,060r,500,000
1,481,2s0
2,500,000
2,464,000
(16,02s)(23,97s)
(22,075)(2e,575)
(28,020)(37,380)(3 r,860)
(40,560)(21,700)
(27,s00)(35,490)
(43,710)(22,940)(29,960)
( r 8,750)(22,s90)
(36,000)(41 ,47 s)
13,000
1,083
13,250
1,104
I 7,1 00
1,425
r 8,3 00
t,szs
12,000
1,000
18,750
1,563
I 3,000
1,083
9,300
775
13,500
1,125
- CONTINUED ON PAGE 5 - 4 T:\Finance\lnvestments\2025-2026 lnvestments Reports\1 -July 2025 lnvestment report.xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS, CONTINUED
July 31, 2025
DATES: INTERESTRATES:

ACQUISITION STATED

MATURITY CURRENT YIELD PAR VALUE

BOOK VALUE

MARKETVALUE LASTMONTH THIS MONTH

TYPE OF FIXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS, CONTINUED
Federal Home Loan Mtg Corp
3I34GXFV1
Federal Home Loan Mtg Corp
3I34GXHD9
Federal Home Loan Mtg Corp
3134GXJX3
Federal Home Loan Mtg Corp
3t34GXJZS
Federal Home Loan Banks
3r30AKQ74
Federal Home Loan Mtg Corp
3I34GXKJ2
Federal Home Loan Banks
313OAKPC4
Federal National Mortgage Asso.
3 135G06R9
Federal Home Loan Banks
3 130AL3S I
Federal Home Loan Banks
3 I 3OAKYU4
Federal Home Loan Banks
3I3OALCW2
Federal Home Loan Banks
31304K225

UNREALIZED
GAIN/(LOSS):

THIS MONTI{

ESTIMATED
EARNINGS:

ANNUAL
t2-17-20
12-17-25 ct2-23-2012-23-25 c
0 I -05-210t-05-26 c
0r-07-21
01-07-26 c
0t-22-21
01-22-26 c
0r-22-21
01-22-26 C
01-28-21
0t-28-26 c
01-28-21
01-28-26 c
02-t7-21
02-1'7-26 c02-24-21
02-24-26 c
02-25-21
02-25-26 C
02-26-2102-26-26 c
03-10-21
03-10-26 c

0.625%0.630%

0.700%0.710%0.5500/0

0.560%0.520%0.s30%

0.62s%0.640%

0.550%0.560%0.600%

0.610%0.550%

0.s60%0.625%0.640%

0.600%0.610%

0.625%0.640%0.650%

0.660%0.800%0.820%
2,000,0003,000,000
2,500,0002,000,000
2,500,000
2,500,000
2,000,000
2,000,000
3,000,000
3,000,0003,000,000
3,000,000
3,000,000
2,000,000
1,972,420
3,000,0002,957,7902,500,000
2,459,3'752,000,000
1,966,840
2,500,0002,456,100
2,500,0002,455,1502,000,000
1 ,963, l 80
2,000,000
1,963,660
3,000,0002,941,440
3,000,0002,936,790
3,000,0002,93 8,500
3,000,0002,937,7503,000,0002,938,200
(21,s80)(33,220)
(42,210)(s0,220)(40,62s)
(4s,7s0)(33, 1 60)
(37,320)
(43,900)(s0,900)(44,850)
(49,850)(36,820)(42, r 00)
(36,340)(4t,320)
(s8,560)(66,660)(63,210)
(70,350)(6 1 ,500)
(66,8 1 0)
(62,250)(68,9 1 0)
(61,800)(70,1 70)
12,500
1,042
21,000
1,7 50
13,750
1,146
10,400
867
15,625
1,302
13,750
I,146
12,000
1,000
I 1,000
91',7
1 8,750
1,563
18,000
1,500
18,750
1,563
19,500
t,62s
24,000
2,400
- CONTINUED ON PAGE 6 - 5 f:\Finance\tnvestments\2025-2026 lnvestments Reportsu -July 2025 lnvestment report.xlsm Federal Home Loan Bank
3 I3OALFSS
CITY OF TULAR.E

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS, CONTINUED
July 31, 2025
DATES: INTEREST RATES:

ACQUTSTTION STATED

MATURITY CURRENT YIELD

UNREALIZED
GAIN/(LOSS):

TI{IS MONTH

PARVALUE MARKETVALUE LASTMONTH

TYPE OF FIXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS. CONTINUED
Federal Home Loan Banks
3 I 30ALKQ6
Federal Home Loan Banks
3 1 3OALXV 1
Federal Home Loan Banks
3l3OAMWU2
Federal Home Loan Banks
3130AN2L3
Federal Home Loan Banks
3 I 30AN4R8
Federal Home Loan Banks
3I3OANFT2
Federal Home Loan Banks
3 I 3OANLZI
Federal Home Loan Banks
3130ANM56
Federal Home Loan Banks
313OANUX6
Federal Home Loan Banks
3I3OANXS4
Federal Home Loan Banks
3I3OANXUg
Federal Home Loan Banks
3I3OANYR5

ESTIMATED
EARNINGS:

ANNUAL

THIS MONTH
03-30-21 t.030yo03-30-26 c 1.050%
04-22-21 1.100%
04-22-26 c 1.130%06-30-21 1.000%06-30-26 c 1.0300a07-13-21 1.020% 07-13-26 c 1.0500A07-29-21 1.125%
07-29-26 c 1.160y"08-24-21 1.0s0%08-24-26 c 1.090%
08-26-2t 0.900%
08-26-26 c 0.930%
08-27-21 1.050%08-21-26 c t.\g\yo
09-28-21 1.7000/"09-28-26 c 1.140%09-28-21 0.900%
09-28-26 c 0.930%09-30-21 t.000%
09-30-26 c 1.040%
09-30-21 0.9s0%09-30-26 c 0.990%
10-21-21 1.000%t0-21-26 c 1.040%
- CONTINUED ON P,{GE 7 - 6
2,500,000
2,500,000
3,000,000
3,000,000
3,000,000
3,000,000
2,500,000
2,500,000
3,000,000
3,000,000
3,000,000
2,36'7,275
2,500,000
(53, I 00)(57,200)
(s7, r s0)(60,900)
(86,580)
(88,200)(89,6 r 0)(e2,580)
(90,390)
(e2,790)(98,820)
(r 00,860)
(85,4s0)
(87,075)(82,87s)
(84,600)
( r 05,21 0)(106,440)
(r r 1,930)
(r r 3,640)( I 08,930)
( r r 0,490)
(92,17 s)(93,s7 s)(93,300)
(9t,62s)
25,7 50
2,146
2'7,500
", )o)
30,000
2,500
30,600
2,550
33,750
2,813
31,500
2,625
22,s00
1,8'75
26,250
2,1 88
33,000
2,750
2'7,000
2,250
30,000
2,500
23,750
1,979
25,000
2,083

BOOK VALTJE
Per BNY WTC
2,s00,0002,446,900
2,500,000
2,442,8503,000,0002,9t3,420
3,000,000
2,910,3903,000,000
2,909,6103,000,000
2,901,1802,500,0002,4t4,s50
2,500,000
2,41'7,12s3,000,0002,894,790
3,000,000
2,888,0703,000,000
2,891,0'702,500,000
2,407,82s2,500,000
2,406,700
Federal Home Loan Banks
3 I 3OAPCD5
T:\Finance\lnvestments\2025-2026 Investments Reportsu - July 202S lnvestment report.xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS, CONTINUED
July 31,2025
DATES: INTERESTRATES:

ACQUISITION STATED

MATURITY CURRENT YIELD PAR VALUE

TYPE OF FIXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS. CONTINUEDFederal Home Loan Bks 3 I 30APJ55
Federal Home Loan Bks
3 I3OAPJ82
Federal Home Loan Bks
3 I 3oAPDQ5
Federal Home Loan Bks
313oAPFQ3
Federal Home Loan Bks
313OAPFRI
Federal Home Loan Bks
3I3OAPFU4
Federal Home Loan Bks
3 1 3OAPLPS
Federal Home Loan Bks
3I3OAPNK7
Federal Home Loan Bks
3 I 3OAPPL3
Federal Home Loan Bks
3 I 3OAPXTT
Federal Home Loan Bks
3 I 30ARA68

BOOK VALUE

UNREALIZED
GAIN/(LOSS):

THIS MONTH

ESTIMATED
EARNINGS:

ANNUAL

MARKET VALUE LAST MONTH THIS MONTII
t0-26-21t0-26-26 ct0-26-21
t0-26-26 c
10-28-2110-28-26 c10-28-21
t0-28-26 c10-28-21ta-28-26 c10-28-2110-28-26 c
I 1,16-211t-16-26 c
I 1-l 8-2111-18-26 ctt-23-21tt-23-26 c
12-t7-2t12-17-26 c

1.2s0%1.290%

1.190%

1.1'.70%t.250%
r.300%1.100%1.140%1.120%l.l60Yo1.050%

1.090%l.375Yo1.430%1.375%

1.430o/ol.450yo

1.5000h

1.600%

1.6600/o

2.350%2.420%
3,000,000
3,000,0003,000,0002,000,000
2,000,000
2,000,0002,500,0003,000,000
3,000,0002,000,000
2,000,000
Per BNY WTC
3,000,0002,898,2t03,000,0002,889,630
3,000,0002,893,3802,000,000
1,92s,340
2,000,000
1,925,820
2,000,000
1,924,140
2,500,0002,411,750
3,000,0002,893,'140
3,000,0002,897,4002,000,000
I,93 1,380
(10r,790)( r 04,s50)
(1 r 0,370)
(1 10,520)
(106,620)( l 06,590)
(74,660)('74,900)(74,1 80)(74,380)(7s,860)
(76,1 80)(88,250)(86,1 50)
(106,260)( 1 05,840)( I 02,600)( l 03,740)
(68,620)
(65,900)
37,500
3,125
33,750
2,813
37,500
? I ?<
22,000
1,833
22,440
1,867
21,000
1,750
34,375
2,865
41,250
3,43 8
43,500
3,625
32,000
2,55i
03-29-22
03-29-2'.7 c
2,000,000
1,943,140
(56,860)(53,280)

47.000
3,91',7
- CONTINUED ON PAGE 8 - 7 T:\Finance\lnvestments\2C25-2026 lnvestments Reportsu - July 2025 lnvestment report xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS, CONTINUED
July 31, 2025
DATES: INTERESTRATES:

ACQUISITION STATED

MATURITY CURRENT YIELD

UNREALIZED
GAIN/(LOSS):

BOOK VALUE THIS MONTH

PARVALUE MARKETVALTIE LASTMONTH

TYPE OF F'IXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS. CONTINUED
Caterpillar Financial Services Corp
t49l3UAY6
Cintas Corporation No. 2
t7252MARl
Citigroup Inc
172967P28
Cummins Inc
231021AY2
Astrazeneca Finance LLC
04636NA83
National Securities Clearing Corp
637639AKt
USAA Capitol Corp
90327QDA4
HSBC USA Inc
40428HR95
Target Corp
87612E8U9
Porsche Innovative Lease Owner Trust
73329KAD8
BMW Vehicle Lease Trust 2025-l
096912A80
Freddie Mac Multifamily Structured Pass
3r37H9QT9
Bristol-Myers Squibb Co
I l0t22EF1

ESTIMATED
EARNINGS:

ANNIJ,4.L

THIS MONTH
**
04-24-25
03-03-28
05-02-25
05-01-28 c
05-07-25
0s-07-28 c0s-09-2s05-09-28 c
05-07-2s
05-28-28 c04-23-25
05-30-28 c06-02-2s
06-01-28 c06-03-25
06-03-28
06-10-25
06-ts-28 c05-21-25
10-20-28
06-10-25
t0-25-28
07-22-250t-01-29
04-16-25
02-22-29 c
04-16-25
02-26-29 c

4.400%4.380%

4.200%4.200%

4.643%4.640%

4.250yo4.250o/o

1.750%1.870%
s.000%4.9r0%

4.375%4.370%

4.6s0%4.630%

4.350%4.340Yo4.610%

4.590%4.490o/o4.480%

4.558%

4.550%4.900o/o

4.810%4.8s0%4.760%
600,000
455,000
l, I 00,000
75,000
700,000
I,000,000
435,000
1,1 25,000
190,000
270,000495,000
1,510,791
590,000
590,000
Per BNY WTC
600,240602,418
454,418454,586
1, I 00,000
r, r 00,616
74,948'7 s,062
650,202
655,1 86
1,015,590
l,0t'7 ,460
434,178
435,840
1,124,961
1,130,276
l 89,998190,4s6
269,971271,218
494,955496,116
1,514,5091,512,102
598,077601,222
s96,903
600,679
26,400
2,200
19,1 l0
1,593
st,073
4,2563,1 88
266
12,250
1,021
50,000
4,167
r 9,03 r
l,586
52,313
4,3598,26s
689
12,447
1,037
22,226
1,8s2
68,862
5,738
28,910
2,409
28,615
2,385
2,178
4,t28
t68
1,602
616
2,849
I 15
386
4,984
i qi6
I,870
5,800
1,662
3,6935,3168,893
458
1,127
1,247
2,394
1,161
3,69s
(2,407)
0 3,1455,930
i 116
6,378
- CONTINUED ON PAGE 9 - 8 f:\Finance\lnvestments\2025-2026 lnvestments Reportsu - July 2025 lnvestment report.xlsm Astrazeneca Finance LLC
04636NAL7

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS, CONTINUED
July 31, 2025
DATES: INTEREST RATES:

TYPE OF FIXED INCOME INVESTMENT ACQUISITION STATED

CUSIP NUMBER
U.S. GOVERN]VIENT AGENCY OBLIGATIONS. CONTINUEDB\zI\V US Capital LLC 05565EBJ3
Bank of New York Mellon
0540sLAH4
American Express Co
02s8 I 6ED7
Bank of America Corp
0605 r GMT3
National Rural Utilities Cooperative
63743HFS6
Kubota Credit Owner Trust 2025-2
50tI7LAC2
Honda Auto Receivables 2025-2 Owner Trust
437921AD1
T'oyota Auto Receivables 2025-B Owner Trust
8923lHAD8
BofA Auto Trust
05594BAD8
Hlundai Auto R.eceivables Trust 2025-B
44935X4D7
Nissan Auto Receivables Owner Trust
6548lGAD7
Frecidie Mac Multif'amily Structured Pass
3I37HKXJ8
Freddie Mac Multifamily Strucfured Pass
3 I 37HLJA I
FREI4F 2C25-K541 Mortgage Trust
3I37HLXV9
MATURIry CURRENT YIELD PARVALUE MARKETVALUE LASTMONTH THIS MONTH Per BNY WTC

BOOKVALUE

UNREALIZED
GAIN/(LOSS):

THIS MONTH
t q?5

ESTIMATED
EARNI}{GS:

ANNI;AL
07-10-2504-18-2904-22-25
04-20-29 c04-25-25
04-25-29 c05-09-25
05-09-29 c06-26-25
06-15-29 c06-25-25
09-17-29
05-08-25
10-15-29
04-30-25
n-15-29
05-12-25
t1-20-29
06-lL-25
12-1',7-29
05-27-25
t2-t7-29
04-24-25
0 i-0 r -30
05-29-25
02-0 r -3006-12-25
02-0 t-3006-26-Zs04-0 I -30

3.625%3.740%4.729V;4.680%4.731%

4.690%4.623%4.600%

5.150%s.010%

4.420%4.410%
4 150%4.t60%4.340%

4.330%4.350%4.340%

4.3600/o4.350%4.490%4.470%
4 410%4 400Vo4.513%

4.49C%4.348Yo
4354%

4.404y,4.4000/;
6s0,000250,000
630,000
l,l 15,000
700,000
255,000
3 r 5"000
615,000
2 I 0,000
360,000
1,060,000
525,000
640,000
1,485,000
750,000
62'7,198
630,123
250,000252,620
630,000
635,424
l, I I 5,000I,119,527
'il8,452719"677
255,000
255,796314,965
314"4566t4,965
616,412
209,986210,245'lsq 967360,802
t,059,796I,065,878
524,982525,868
639,982643,675
1,484,947
t,484,364
749,99975i,A2l
2,6203,488
5,424'7,0064,527
7,069
1,225
2,009
796
160
(s0e)
620
1,447
3,742
260
953
834
) 10)6,08 r
,0,728
887
4,681

3.693
8,377
(s83)
q 4qq
1,022
6,806
23,563
1,964
r 1,823
985
29,80s
1 te,i
51,546
4,296
36,050

3.004
11,271
939
i 3,073
1,089
26,591
) ))49,135
761
15,696
r,308
47,594
3,966
23,t53
|,929
28,883
2,407
64,568
5,381
33,030
2,'.75'5
0 Freddie Mac Mu'ltifamily Structured Pass
3I37HLY48
cONTINUED9ON PAGE IO - T:\Finance\lnvestments\2025-2026 lnvestments ReportsU - JulV 2025 lnvestment repcrt xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS
July 31,2025
DATES: INTERESTRATES:

ACQTIISITION STATED
MATURITY (ll.i I{lt.f;n' l' 1'l F:1., t}

UNREALIZED
GArN/(LOSS):

BOOK VALUE THIS MONTH
PAR VALUE ]\,tAIi,KT] I'\/AT.I,Jfl LAST MONTH
Per BNY WTC
1,045,000

TYPE OF FIXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS
American Express Credit Acct. Master Trust
02582JKP4
GM Financial Consumer Automobile Rec. Trust
362s49ADg
State Street Corp
857477D86
Walmart Inc
93 I I 42FN8
Colgate-Palmolive Co
t94t62AT0
BA Credit Card Trust
05522RDKr
Toyota Motor Credit Corp
89236TNJ0
WF Card Issuance Trust
92970QAJ4
National Securities Clearing Corp
637639AQ8
Citibank NA
17325F8P2
FREMF 2025-K543 Mortgage Trust
3l37HMC65
John Deer Capital Corp
24422EYE3

ESTIMATED
EARNINGS:

ANNUAL

THIS MONTH
05-13-25
04-1 5-30
05-14-25
04-16-3004-24-2s
04-24-30 c
04-28-25
04-28-30 c
05-02-25
05-01-30 c
06-12-25
05- I 5-30
05- I 5-2505- I 5-30
06-10-2s05- I 5-30
05-20-25
05-20-30 c
0s-29-250s-29-30 c
07-17-2s06-01 -30
06-05-25
06-05-30
06-16-25
06-15-30 c

4.280%

4.270Yo4.280%

4.280%4.834%

4.7600/o
245,000
280,000
4 I 5,000
700,000
685,0008 1 0,000
1,325,000
1, r 90,000
6r 0,000
1,470,000
515,000
1, I 25,000
1,044,9811,047,840
244,964
245,100280,000284,368
2,8s96,2s6
136
1,323
4,368
5,146
2,561
5,312
(1,085)
3,0522,363
0 12,3531 3,730
3,647
10,199
14,232
20,647
9,473
I 1,578
() )6a\
0 2,6994,862
3,6349,833
44,726
3,727
I 0,486
874
r 3,535
1,128

4.350o/o

4.3300/o4.200o/o

4.210yo4.310o/o

4.300o/o4.800%4.730%

4.340%4.330%

4.700o/o4.650%

4.914%4.840o/o

4.329%4.340%

4.550o/o4.530o/o

4.500o/o4.490%
414,282
416,843699,629
698,544684,997
687,361
809,07'l821,429
1,324,9781,328,625
1,189,2621,203,495
6 r 0,000
619,473
1,469,9721,467 ,707
s14,727
517,426
1,124,010
1,127,644
I 8,053
1,504
29,400
2,450
29,524
2,460
3 8,880
3,240
57,505
4,792
55,930
4,661
29,975
2,498
63,636
5,303
23,433
I,953
50,625
4,219
- CONTINUED ON PAGE 11 - I 0 T:\Finance\lnvestments\2025-2026 lnvestments Reports\1 - Juty 2025 lnvestment report.xlsm Analog Devices Inc
0326548F4

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS
July 31, 2025
DATES: INTERESTRATES

TYPE OF FIXED INCOME INVESTMENT ACQTIISITION STATED

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONSCitibank Credit Card Issuance Trust l7305EHA6
FREMF 2025-K544 Mot'tgage Trust
3137HMCE8
American Express Credit Acct. Master Trusi
02s8zJKVl
Chase Issuance Trust
161s71H20

TOTAL FIXED INCOME INVESTMENTS
**All are in safekeeping with BNY Western Trust Company

MATURITY
06-26-25
06-21-3007-31-25
07-0 r -30
07-22-2507-15-30
07-25-25
07- 1 5-3 0
C{rRi$){r' \'l{it,l} PARVALUE I1,,\I{iiIi''I'VAI.,I.']ii LASTMONTH Per BNY WTC

UNREALIZED
GAIN/(LOSS):

THIS MONTII

ESTIMATED
EARNINGS:

ANNI]AL
TH]S VIONTH

BOOKVALUE
r"499,s93
1,500,730
1,503,41.4t,qgs',iaq
949,878852,729
1,t94,976
1,193,296

4.300%

4.300%4.266%

4.280%4.300%4.290%

4.160%4.r70%
N/A

1.720%
I,500,0001,505,000
850,000
1,195,000
NiA
1,137
8,913
(5,050)
0 2,852
0 ( r ,680)
0 1s3,132,926150,272,843
64,500
5,375
64,243
5,3 50
36,550
3,046
49,712
4,143
(2,860,084) 2,s8s,341
_QgnnD_ _:_ztsA4s_
- UII: Unrestricted Investments
1l T:\Finance\lnvestments\2025-2025 lnvestments Reports\1 - July 2025 lnvestment report.xlsm CHANGES IN BALANCES AND YIELDS:

CATEGORY
Total Investments
Unrestricted Investments
Restricted Investments
Local Agency Investment Fund (LAIF)
Fixed Income Investments (Total)
TRANSACTIONS (BOOK VALUE): *
CATEGORYFixed Income Investments

CITY OF'TULARE

TREASURER'S EXECUTIVE SUMMARY
July 31, 2025

BOOK VALUE

MARKET VALAE

DIFFERENCE

JTILY JUNE CHANGE

AVERAGE STATED YIELD

JULY JUNE

N/A N/A

1.908% t .718%

N/A N/A

4.258% 4.269%

1.720% 1 540%

SALES / CALLS
Federal Farm Credit Bks Funding Corp, 0.52%Federal Home Loan Mtg Corp, 0.625%oFederal Home Loan Mtg Corp,0.60% Astrazeneca Finance LLC, L7 5Yo
244,148,186
241,334,967
-a,3Ti][' 227,494,826
224,68I ,607 --]z:fr!zq
16,6s3,360
I 6,653,360
0 39,108,964
39, I 55,828
46,865
153,132,926
I 50,272,843
2s0,868,164
247,923,226
Q9a+91q
234,959,403
232,0I 4,465 ---OgTSg
1 5,908,76 I
I 5,908,761
3 8,685, I 28
38,7 3 I ,484
46,357
1s3,937,410
I 50,946,1 I 5
(6,719 "978) (6,s88,2s9)
t31,7t9
(7,464,s77)
/7 ?1) R\7t
13t,719
744,599
744,599
0 CHANGE
N/A

0.191%
N/A
-0.011%

0.180%
(2,860,084) (2,991"29s)

PURCHASES
BMW US Capital LLC
FREMF 2025-K543 Mortgage TrustFreddie Mac Multifamily Structured Pass FREMF 2025 -K5 4 4 Mortgage Trust
American Express Credit Account lvlaster Trust
Chase Issuance Trust
423,836424"344
508
(804,484)
(67 3,272)
131"211
627,198.00
1,469,972.071,514,509.09
1,503,413.73
849,877.52
1,194,97 5.98
2,500,0003,000,0002,000,000
s00,000

8.000.000
t2
7 "159.946.39
T:\Finence\lnvestments\2025-2025 lnvestments Reports\1 - July 2O2S tnvestment repod.xltm Created:

By:

Status:

Transaction lD:
2025-1 0-06
Sandra Jimenez ([email protected])
Signed
CBJCH BCMBAAhfFuFZl3CW950-slwyWr50oVOxkg l Vs
1 - -"ln,ai-V 2#25 finvestrsteffit repert
Final Audit Report 2025-1 0-06
"1 - July 2025 lnvestment report" History
f) Document created by Sandra Jimenez (sjimenez@tulare'ca.gov) 2025-10-06 - 5:59:39 PM GMT
['1 Document emailed to Mark Roberts ([email protected]) for signature 2025-10-06 - 5:59'.44 PM GMT
{} Emailviewed by Mark Roberts ([email protected]) 2025-10-06 - 6'.24:46 PM GMT
d6 Document e-signed by Mark Roberts ([email protected]) Signature Date: 2025-10-06 - 6:25:02 PM GMT - Time Source: server S Agreement completed.
2025-10-06 - 6'.25:02 PM GMT
!f nuoue Acrobat sign

TYPE OF INVESTMENT
UNRESTRICTED INVESTMENTS. SEE PAGE 2
RESTRICTED INVESTMENTS - SEE PAGE 3

TOTAL INVESTMENTS

CITY OF TULARE

SUMMARY TREASURER'S REPORT
SUMMARY OF ALL II{VESTMENTS
August 31,2025
230,623,474 228,6'79,638 1.899%

15.963.228 ls.963.228 N/A
246,586,703 244,642,866 N/A
BOOK
VALUE
MARKET
VALUE

CURRENT
YIELD

BOOK VALUE
y. oF
TOTAL

93.s3%

6.47%
I 00.00%
Note: The City's financial statements will report market values, not book values, at June 30 each year.

I cer.tily that this report reflects all Cif investments and complies with the investment policy of the City of Tulare as approved by Ciry Council.

Furthermore, I certi$ that suftlcient investment liquidity and anticipated revenues are available to meet the City's budgeted expenditures for the next six months.

Presented to the City Council on October 21,2025 Presented to the Board of Public Utility Commissioners on October 16,2025 Respectfully subrnitted, Mark Roberts, Chief Financial Officer *##{*re K"iffi- L0l06l25
Date
T:\Finance\lnvestments\2025-2026 lnvestments Reports\2 - August 2025 lnvestment report.xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

SUMMARY OF UNRESTRICTED INVESTMENTS
August 31,2025
DATES: INTERESTRATES:

ACQUTStTtoN STATEI)
BOOK
.VALUE
ty,, oF
unISSUER OF INVESTNIENT BOOK VALUE MARKETVALUE

UNREALIZED
GAIN/(LOSS):

THIS MONTH
N/A
N/A
N/A

ESTIMATED I
EARNINGS:

ANNUAL
N/AN/A
N/AN/A
I,662,522
I 38,544
36,982
3,082
t,699,s04
14t,625
2,643,259
))o a1)
4,342,763
361,897

TYPE OF INVESTMENT
Petty Cash N/A
Checking Account - City Wells Fargo Bank
Local Agency Investment Fund (LAIF) State of California Money Market Mutual Fund Various
Sub-Total
Fixed Income Investments Various (See page 4_l l)
Investments in Safekeeping With BNy Westem Trust Company

MATURITY CURRENTYIELD PARVALUE
N/AN/A
N/A
On Demand
Various
On Demand
Various
On Demand
N/A
None
N/A
None
N/A

4.25t%
N/A
4 t80%
N/A

2.215o/o
N/A
t.740%
46,86s
46,86s

0.0t%

15.90%

16.96%

0.38%

33.24yo

66.'16%
r 00.00%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
BaJance per bank is $
Per BNY WTC
LAST MONTI{ THIS MONTH
12,900 N/A
12,900
36,664,108
36,664,t0839,108,964
39, r 55,828
884,735884,735
76,670,7077 6,717 ,572
Per BNY WTC
153,952,7 67
1st,962,066
230,623,474
228,679,638
0 0
46,86546,865
(t,990,701)
(2,860,084)
(1,943,836)
(2,813,219)

TOTAL UNRESTRICTED INVESTMENTS N/A

1.899%
x LAIF market values are based on the most currently avaiiable amortized cost information - June 30- 2025:
2 1.001198310 - Un = Unrestricted Investments
T:\Finance\lnvestments\2025-2026 lnvestments Reports\2 - August 2025 lnvestment report.xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

SUMMARY OF RESTRICTED INVESTMENTS
August 31, 2025

ACQUISITION
DATE
Various On Demand Various
Rcscne Fund
Varior.rs On Demand Various
Various
Rcscnc Fund
1 l-15-15 I l-15-25 1.960%
Various On Demand VariousVarious On Demand VariousVarious On Demand Various On Demand VariousOn Demand Various

MATURITY
DATE
STATED

INTEREST RATE
PAR
VALUE
BOOK
VALUE
MARKET
VALUE

BALANCES
AS-OF

TYPE OF TNVESTMENT ISSUER OF INVESTMENT DATE
Bond Funds (All are Managcd by tl.S. Bank Trust Except LAIF):
201 8 Lease Revenue and Relunding Bonds (Account No. 244938000) First American Golt Fd U.S. Bank Trust
20 I 5 Sewer Revenue Retunding Bonds (Account No. 26 I 594000) First American Govt Fd U.S. Bank Trust
First American Govt Fd U.S. Bank Trust
Investment Repurchase GIC Bayerische Landesbank
2016 Sewer Revenue Relunding Bonds (Account No. 231687000) U S Bk Mmkt U.S. Bank Trust
2020 Sewer Revenue Refunding Bonds (Account No. 230396000) U S Bk Mmkt U.S. Bank Trust
2017 Water Revenue Bonds (AccountNo. 219189000)
U S Bk Mmkt U.S. Bank Trust

N/AN/AN/AN/AN/A
N/A
N/A
N/AN/A

3.535.248 3.535.2483.535.148 3.535.148
I 8-3 I -25
8-3 l -258-3 l -258-31-2:'8-3 1 -25
8-3 I -258-3 1 -25
) )r1
49,953
5,032,6855,084,855
) )17
4q qsi
5,032,6855,084,8ss
2t,024
2t,024
)1 fi)A
.,'. MA
)
J)
5 8-31-25
2020 Water Revenue Bonds (Account No. 250953000)
U S Bk Mmkt U.S. Bank Trust Various
201 7 Successor Agency Tax Allocation Bonds - Series A & B (Account No. 245346000) U S Bk Mmkt U.S. Bank Trust Various
TOTAL RESTRICTED INVESTMENTS Book Value % ofTotnl Investments :

7.322,095
? ?rl na<
7 1r? OqSt-r^*
I 8,3 I -25

6.47% 15,963"228 15,963,228
Tr\Finance\lnvestments\2025-2026 lnvestments Reports\2 - August 2025 lnvestment report.xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS, CONTINUED
August 31,2025
DATES: INTERESTRATES:

ACQUISITION STATED

MATURITY CURRENT YIELD PARVALUE MARKETVALUE LASTMONTH

TYPE OF FIXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS. CONTINUED
Federal Home Loan Mtg Corp
3l34GWUV6
Federal Farm Credit Bks Funding Corp
3133EMEC2
Federal Home Loan Mtg Corp
3134GWZL3
Federal Home Loan Mtg Corp
3l34GW6S0
Federal Home Loan Mtg Corp
3 I 34GXAP9
Federal Home Loan Mtg Corp
3 1 34GXCS l
Federal Home Loan Mtg Corp
3I34GXFA7
Federal Home Loan Mtg Corp
3I34GXDM3
Federal Farm Credit Bks Funding Corp
3I33EMKT8

BOOK VALUE

UNREALIZED
GAIN/(LOSS):

THIS MONTH

ESTIMATED
EARNINGS:

ANNUAL

THIS MONTH
09-30-20
09-30-2s c
10-22-20t0-22-25 c
t0-29-2010-29-25 cI l-10-20
I l-10-25 c1t-12-20
1t-12-25 c11-2s-2011-25-25 c
I I -30-20
1l-26-25 c12-0t-2012-01-25 cl2-17-20
12-17-25 c

0.520Yo0.520%

0.530%0.s30%0.57 0o/o

0.s70%0.610%0.670o/o

0.600%0.600%0.62s%0.630%

0.650%0.660%0.620%

0.630%0.540%0.ss0%
r,900,000
2,500,000
3,000,000
3,000,0002,000,0003,000,000
2,000,000
r,500,000
2,500,000
Per BNY WTC
1,900,0001,894,452
2,500,0002,485,97s3,000,000
2,982,6003,000,000? q7g ?i02,000,000
1,985,800
3,000,0002,975,1602,000,000
1,983,420r,500,000
i,+so,soo
2,500,000
2,4'72,400
(5,548)
(16,02s)
(14,02s)(22,07s)(1 7,400)
(28,020)(20,670)(3 r,860)
(14,200)(21,700)(24,840)(35,490)
( r 6,580)(22,940)( l 3,1 40)(r 8,750)
(27,600)(36,000)
9,880
823
13,250
I,104
17,r00
1,425
18,300
1,52s
12,000
1,000
I 8,750
1,563
r 3,000
1,083
9,300
775
13,500
1,125
- CONTINUED ON PAGE 5 - 4 T:\Finance\lnvestments\2025-2026 lnvestments Reports\2 - August 2025 Investment report.xlsm

CTTY OF TULARE

SUMMARY TREASURER'S REPORT, COIITINUED

FIXED INCOME INVESTMENTS, CONTINUED
August 31,2025
DATES: INTERESTRATES:

ACQUISITION STATED

IJNREALIZED
GAIN/(LOSS):

BOOK VAI-UE THIS MONTH

ESTIMATED
EARNINCS:

TYPE OF FIXED INCOME INVESTMENT ANNUAL

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS. CONTINUEDFederal Home Loan Mtg Corp 3134GXFVl
Federal Home Loan Mtg Corp
3I34GXHD9
Federai Home Loan Mtg Corp
3134GXJX3
Federal Home Loan Mtg Corp
3I34GXJZ8
Federal Home Loan Banks
3 r 30AKQ74
Federal Home Loan Mtg Corp
3I34GXKJ2
Federal Home Loan Banks
3 1 3OAKPC4
Fecieral National Mortgage Asso.
-1 135G06R9
Federal Home Loan Banks
3t30AL3Sr
Federal Home Loan Banks
3 1 3OAKYU4
Federal Home Loan Banks
313OALCW2
Federal Home Loan Banks
31301^K225

MATURITY CURRENT YIELD PARVALUE MARKETVALUE LASTMONTH THIS MONTH 12-n-20t2-17-25 c12-23-20
12-23-25 c
01-05-210l-05-26 c
01-07-21
01-07-26 c
0t-22-210t-22-26 c
01-22-21
01-22-26 c
01-28-2101-28-26 cal-28-21
01-28-26 c02-1'7 -2102-17-26 c
02-24-2102-24-26 c02-2s-21
02-25-26 c
02-26-2102-26-26 c03- I 0-2103-10-26 c
A.625Ya

0.630%0.700%0.710%0.550%

0.s60%0.520%0.530%

0.62s%0.630%0.550%0.s60%0.600%

0.610%0.550%0.560%

0.625%0.630%0.6000/o

0.6t4%0.625%0.640%0.6s0%0.660%0.800%

0.8r0%
2,000,000
3,000,0002,500,0002,000,000
2,500,000
2,500,0002,000,000
2,000,000
3,000,0003,000,0003,000,000
3,000,0003,000,000
Per BIIY WTC
2,000,000
1,979,200
3,000,000
2,967,9902,500,0002,468,17 52,000,000
r,973,980
2,500,0002,465,4is2,500,0002,464,500
2,000,000
t,9i 1,100
2,000,000
t,971,220
3,000,0002,953,080
3,000,000
2,949,660
3,000,000
2,950,950
-?,000,0002,949,8',70
3,000,0002,949,840
(20,800)
(27,580)
(32,0r 0)(42,210)
(3 i,825)ga,62s)(26,020)(33,1 60)
(34,s2s)
(43,900)
(35,500)(44,850)(28,e00)(36,820)
(28,780)(36,340)(46,920)
(58,560)(50,_140)(63,210)(49,0s0)(6 l,500)
(50, i 30)(62,250)(s0,1 60)(6 1,800)
12,500
1,442
21,000
1,750
13,'7 sa
I,146
r 0,400
857
15,625
1,302
13,750
1,146
12,000
1,000
I 1,000
9l'7
18,750
1,56-?
1 8,000
I 500
i 8,750
1,55,1
19,500
1,625
24,400
? 000
- CONTINUED ON PAGE 6 - 5 f:\Finance\lnvestments\2025-2025 lnvestments Reports\2 - AuBust 2025 lnvestmeni report.xlsm Federal Home Loan Banks
3 i 30ALFS8

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS, CONTINUED
August 31,2025
DATES: INTERESTRATES:

ACQUISITION STATET)

MATURITY CURRENTYIELD

UNREALIZED
GAIN/(LOSS):

BOOK VALUE THIS MONTH

PARVALUE MARKETVALUE LAST MONTH

TYPE OF FIXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS. CONTINUBDFederal Home Loan Banks 3 I 30ALKQ6
Federal Home Loan Banks
3I3OALXVI
Federal Home Loan Banks
3I3OAMWU2
Federal Home Loan Banks
3 I 3oAN2L3
Federal Home Loan Banks
3r30AN4R8
Federal Home Loan Banks
3I3OANFT2
Federal Home Loan Banks
3l3OANLZI
Federal Home Loan Banks
31304NM56
Federal Home Loan Banks
3 I 3OANUX6
Federal Home Loan Banks
3I3OANXS4
Federal Home Loan Banks
3I3OANXU9
Federal Home Loan Banks
3 1 3OANYRs

ESTIMATED
EARNINGS:

ANNlJAI,

THIS MONTH
03-30-2 I03-30-26 c
04-22-2104-22-26 c
06-30-21
06-30-26 c07-13-2107-13-26 c
07-29-21
07-29-26 c
08-24-2108-24-26 c08-26-21
08-26-26 c08-27-21
08-27-26 c09-28-2109-28-26 c
09-28-2109-28-26 c
09-30-2 r
09-30-26 c09-30-21
09-30-26 c
l0-2t-21
10-21-26 c

1.030%

1.0s0%1.100%1.120%

1.000%1.020%

1.020%1.050o/ot.125%

1.150%

1.050%r.080%

0.900%

0.930%

1.050%

1.080%

1.t00%

1.130%

0.900%

0.930%

1.000%1.030%

0.9s0%0.980%

1.000%1-030o/o
2,500,000
2,500,0003,000,000
3,000,000
3,000,000
3,000,000
2,500,000
2,500,0003,000,000
3,000,000
3,000,000
2,500,0002,500,000
Per BNY WTC
2,500,0002,456,525
2,500,0002,453,6s0
3,000,0002,927,580
3,000,0002,925,420
3,000,0002,924,730
3,000,0002,917,2002,500,000
2,428,1252,500,0002,430,s75
3,000,0002,911,5003,000,000
2,905,2303,000,000
2,907,9302,500,000
) 4)) \'75
2,500,0002,420,675
(43,47s)
(53, r 00)
(46,350)(57, r s0)
(72,420)(86,580)
(74,580)(89,6 r 0)
(7s,270)(e0,3e0)
(82,800)(98,820)(71,87s)(85,450)
(69,42s)(82,875)
(88,500)
( 1 05,21 0)
(94,770)
(1 r r,930)
(92,070)
( 1 08,930)
(77,42s)(92,17 s)
(79,32s)(93,300)
25,750
2,146
27,s00
) )q)
30,000
2,500
30,600
2,550
33,750
2,813
3 1,500
2,625
22,500
1,87 s
26,250
2,1 88
33,000
2,750
27,000
) )\o
30,000
2,500
23,'7 50
1,979
25,000
2,083 . CONTINUED ON PAGE 7 - 6 t:\Finance\lnvestments\2025-2025 lnvestments Reports\z - August 2025 lnvestment report.xlsm Federal Home Loan Banks
3 1 3OAPCDs

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS, CONTINUED
August 31,2025
DATES: INTERESTRATES:

ACQUISITION STATED BOOK VALUE

UNREALIZED
GAIN/(LOSS):

THIS MONTH

ESTIMATED
EARNINGS:

ANNUAL

THIS MONTH

TYPE OF FIXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS, CONTINUEDFederal Home Loan Bks 3 1 30APJ55
Federal Home Loan Bks
3 1 3OAPJB2
Federal Home Loan Bks
313OAPDQ5
Federal Home Loan Bks
3l3oAPFQ3
Federal Home Loan Bks
3I3OAPFRl
Federal Home Loan Bks
3I3OAPFU4
Federal Home Loan Bks
3 13OAPLP8
Federal Home Loan Bks
3I3OAPNK7
Federal Home Loan Bks
3 I 3OAPPL3
Federal Home Loan Bks
3I3OAPXT7
Federal Home Loan Bks
3 l30ARA68

MATURITY CURRENT YIELD PARVALUE MARKET VALUE LAST MONTII t0-26-zt10-26-26 c10-26-21
10-26-26 c10-28-2110-28-26 ct0-28-21
10-28-26 ct0-28-21
10-28-26 C
t0-28-21
t0-28-26 c
11-16-21
t1-16-26 c
1 1-l 8-21
t1-18-26 c1t-23-21
11-23-26 c
l2-t7-2112-17-26 c
03-29-22
0'3-29-27 C
r.250%1.290%r.190%1.160%

1.250%l.290Yo
t.100%1.140%
t.120%r.160%1.0s0%

1.080%1.375%

1.420041.37 501.420%1.450%

1.490%1.600%

1.6500/o
3,000,000
3,000,000
3,000,000
2,000,0002,000,000
2,000,0002,500,000
3,000,000
3,000,000
2,000,000
2,000,000
Per BNY WIC
3,000,0002,911,230
3,000,0002,906,6403,000,000
2,910,6302,000,000
1,937,040
2,000,000
1,937,480
2,000,000
i,935,920
2,500,000
2,426,1503,000,0002,911,020
3,000,0002,912,190
2,000,000
1,943,060
(88,770)
( 1 0 1,790)
(93,360)
(r 10,370)
(89,370)
(106,620)
(62,e6C)(74,660)
(62,s20)(74,1 80)(64,080)(7s,860)
(73,850)(88,250)
(88,980)
( l 06,260)
(87,8 r 0)
( r 02,600)
(56,940)
(68,620)(44,320)
(56,8e0)
37,500
3,125
33,750
2,81 3
37,500
3,125
22,400
1,833
22,400
1,867
21,000
1, ,1 50
34,3'75
2,865
41,25C
3,438
43,500
3,625
32,000
) 66'7
47,000
3,917

2.350Yo

2.400%
2,000,000
1,955,680
- CONTINUED ON PAGE 8 - 7 T:\Finance\lnvestments\2025-2026 Investments Reports\2 - August 2025 lnvestment reoort xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS, CONTINUED
August 31,2025
DATES: INTEREST RATES:

ACQUISITION STATED

MATURITY CURRENT YIELD

BOOKVALUE THIS MONTH ANNUAL

PARVALUE MARKETVALUE LASTMONTH THISMONTH

TYPE OF FIXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS. CONTINUED
Caterpillar Financial Services Corp
r49l3UAY6
Cintas Corporation No. 2
17252MARl
Citigroup Inc
17296'7P28
Cummins Inc
23l02lAY2
Astrazeneca Finance LLC
04636NA83
National Securities Clearing Corp
637639AK1
USAA Capitol Corp
90327QDA4
HSBC USA Inc
40428HR95
Target Corp
87612E8U9
Porsche Innovative Lease Owner Trust
73329KAD8
BMW Vehicle Lease Trust 2025-l
096912AE0
Freddie Mac Multifamily Structured Pass
3 r37H9QT9
Bristol-Myers Squibb Co
1t0t22EF1

UNREALIZED
GAIN/(LOSS):

ESTIMATED
EARNINGS:
04-24-25
03-03-28
0s-02-2s05-0 I -28
05-07-25
05-0'1-28
0s-09-2s05-09-28
05-07-25
0s-28-2804-23-25
05-30-28
06-02-25
06-0 I -28
06-03-25
06-03-28
06-10-2506-t5-28
05-21-25
t0-20-28
06-10-25
10-2s-28
07-22-25
01-01-29
04-16-25
02-22-29
04-16-25
02-26-29

4.400%4.350%

4.200%

4.180yo4.643%

4.620y"4.250%

4.220%
t.7s0%

1.8s0%

5.000%

4.880%

4.375%4.330%

4.650yo4.590%

4.350%4.310%

4.6l0yo4.s60%

4.490%

4.440%4.558%

4.520%

4.900%4.770%

4.8s0%

4.720%
600,000
455,000
l, I 00,000
75,000
700,000
1,000,000
435,000
I, I 25,000
r 90,000
270,000
495,000
|,477,409
590,000
590,000
Per BNY WTC
600,240
606,858
454,418
457,s39
l, I 00,0001,10s,874
74,948
6s0,202
661,962
1,015,5901,025,640
434,178439,685
1,124,961
1,140,705
r 89,998
191,944
269,9',71272,718
494,9ss500,241
1,48 I ,036r,488,918
s98,077
605,924
5q6 qoi605,700
C
C
c
C
C
C
c
6,618
2,t78
3,121
168
5,874
616
629
I 15
tt,760
4,984
10,050
1,870
s,507
1,662
15,7 44
5,3 16
1,946
458
2,747
1,247
s,286
l,l6l
7,882
(2,407)
7,847
3,14s
8,797
3,17 6
26,400
2,200
I 9,1 10
1,593
5l,073
4,2563,1 88
266
t2,250
1,021
s0,000
4,167
r 9,03 r
r,586
52,313
4,3598,265
689
12,447
1,037
22,226
1,8s2
67,340
5,612
28,910
2,409
28,615
2,385
- CONTINUED ON PAGE 9 - 8 f:\Finance\tnvestments\2025-2026 lnvestments Reports\2 - August 2025 lnvestment report.xlsm Astrazeneca Finance LLC
04636NAL7

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED
FIXED INCOME IT{VESTMENTS, CONTINUED
August 31,2025 . DATES:

ACQUISITION
INTEREST RATES:

UNREALIZED
GAIN/(LOSS):

ESTIMATED
EARNINGS:

TYPE OF FIXED INCOME INVESTMENT

CUSIP NUMBER
U,S, GOVERNMENT AGENCY OBLIGATIONS. CONTINUED
BMW US Capital LLC
055658BJ3
Bank of New York Mellon
06405LAH4
American Express Co
02s 8 I 6ED7
Bank of America Corp
06051GMT3
National Rural Utilities Cooperative
63743HFS6
Kubota Credit Owner Trust 2025-2
501t7LACz
Honda Auto Receivables 2025-2 Owner Trust
4379214D1
Toyota Auto Receivables 2025-B Owner Trust
8923 I HADS
BofA Auto Trust
05594BAD8
Hyundai Auto Receivables Trust 2025-B
44935X4D7
Nissan Auto Receivables Owner Trust
6548 I GADT
Freddie Mac Multifamily Strucrured Pass
3I37HKXJ8
Freddie Mac Multifamily Structured Pass
3I37HLJAI
FREMF 2025-K541 Mortgage Trust
3 I 37HLXV9

STATED BOOKVALUE THIS MONTH ANNUAI,

MATURITY CURRENT YIELD PARVALUE MARKETVALUE LAST MONTH THIS MONTH 07-10-25
04- I 8-29
04-22-25
04-20-29 c
a4-25:25
04-25-29 c05-09-25
05-09-29 c
06-26-2506-15-29 c
06-25-2s
09-17-29
05-08-25
I 0-l 5-29
04-30-25
1 t-t5-29
05-t2-25
n-20-29
06-il-25
12-17-29
05-27-25
i2-17-29
04-24-25
0 l-0 I -30
05-29-25
02-c I -3 0
06-12-25
02-0 1 -3006-26-25
04-0 I -3 0

3.625%3.700%4.'729%4.650%4.731%4.660%

4.623%4.570%5.150%4.970%

4.420%4.370%4.150%4.134%

4.340%4.300%4.350%4.320%

4.3600/o4320044.490%4 440%

4.410%4.350%4.513'A4.440%4.348%

4.300%4.404%4.3s0%
6s0,000250,000
630,000
1,t 15,000
700,000255,000
3 r 5,000
615,0002 I 0,000360,000
1,060,000
525,000
640,000
1,485,000
750,000
Per BNY WTC
627,198636,760250,000254,058
630,000
640,219
l,l 15,000
1,12i,298
718,452725,83025s,000258,01 0
314,965316,539
614,96s
620,271
209,98621r,369
359,967
3$,s46
1,0s9,7961,07 |,435
524,982
531,862639,982
650,706
t,484,9471,s00,81 7
749,999759,720
q 56t
, qrs
4,058
2,620
10,219
5,424
12,298
L \)1
7,378
1 )1\
3,010
796
|,575
(s0e)
5,306
I,447l,383
260
3,538
834
1 1,638
6,0816,881
887
t0,724
3,693
I 5,871
(583)
q'7))
t,022
23,563
1,964
il,823
985
29,805
2,484
5t,546
4,296
36,050
3,004
I I,271
939
13,073
1,089
26,691
) ))49,1-15
'761
15,696
I,308
47,594
3,966
23,153
1,929
28,883
1 LnT
64,s68
5,381
33,030
) 751
Freddie Mac Multifamily Structured Pass
3 l37HLY48
- CONTINUEBON PAGE 10 - T,\Fin"n"u\tnvestments\2025-2028 lnvestments Reports\2 - August 2025 lnvestment report.xlsm

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED

FIXED INCOME INVESTMENTS
August 31,2025

DATES INTEREST RATES

ACQTIISITION STATED
MATI]'RITY {.]ilI{RIINT'}'I}:I,I}

UNREALIZED
GAIN/(LOSS):

THIS MONTH
PAR VALUE }4,{RK$'|1'AI.,'I.J*] LAST MONTH
Per BNY WTC
1,045,000 11,276
2,859
1,910
136
7,490
4,368
245,000
280,000
4 I 5,000

TYPE OF FIXED INCOME INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS
American Express Credit Acct. Master Trust
02'82IKP4
GM Financial Consumer Automobile Rec. Trust
362s49AD9
State Street Corp
857477D86
Walmart Inc
93t l42FN8
Colgate-Palmolive Co
194162AT0
BA Credit Card Trust
05522RDK1
Toyota Motor Credit Corp
89236TN.I0
WF Card Issuance Trust
9297lQAJ4
National Securities Clearing Corp
637639AQ8
Citibank NA
l7325FBP2
FREMF 2025-K543 Mortgage Trust
3l37HMC55
John Deer Capital Corp
244228YE3

ESTIMATED
EARNINGS:

ANNUAL

THIS MONTH
05- I 3-2s04- 1 5-3005-14-25
04-16-30
04-24-2504-24-30 c
04-28-25
04-28-30 c
05-02-25
05-01-30 c
06-12-25
05- l 5-3005- 1 5-25
05- I 5-30
06-10-25
05- l 5-300s-20-2s
05-20-30 c
05-29-2505-29-30 c
07-17-25
06-0 1 -30
06-05-25
06-05-30
06-16-25
06-15-30 c

4.280%4.230%

4.280%

4.250%4.834o/o4.710%

4.350%

4.290%4.200%

4.1600/o4.310o/o

4.260%4.800%

4.690%4.340%

4.290%4.700%4.600%

4.914%

4.790o/o4.329%

4.280o/o

4.550o/o4.480%

4.500%4.440%
700,000
685,0008 r 0,000
r,325,0001,1 90,000
610,000
1,470,000
5 15,000
1 ,
I 25,000
6,9r8
2,5617,161
(1,085)
7,774z,JoJ
r 9,400
12,353
16,415
3,647
27,061
14,232
l 5,854
9,473
l5 1?'
(2,26s)
8,173
2,699
15,81 8
3,634
44,726
1 1)1
10,486
874
I 3,535
r,1 28
I 8,053
1,504
29,400
2,450
)9 S)4
2,460
38,880
3,240
57 50s
4,792
s5,930
4,661
29,97s
2,498
63,636
5,303
23,433
1,953
50,62s
4,219

BOOK VALUE
1,044,981
1,056,258
244,964246,874
280,000287,490
414,L82
421,200699,629
706,790
684,997
692,771
809,077
828,476
1,324,9781,341,393
1,189,2621,216,323
6 r 0,000
625,854
1,469,9721,485,294
514,727
522,900
1,124,0101, I 39,828
- CONTINUED ON PAGE II - I 0 T:\Finance\lnvestments\2025-2025 lnvestments Reports\2 - August 2OZ5 tnvestment report.xlsm Analog Devices Inc
0326548E4

CITY OF TULARE

SUMMARY TREASURER'S REPORT, CONTINUED
F IXED t\t":ilLilvr-s rMENr s
DATES: INTERESTRATES:

ACQUTSITION STATED

UNREALIZED
GArN/(LOSS):

BOOKVALUE THIS MONTH
PARVALUE \,IAI{I{I|'X'\/AI.,T,;I' LASTMONTH
Per BNY WTC
MATURITY (:tiH{ku&"{''t'tf;{,i}

ESTIMATED
EARNINGS:

ANNTIAL

THIS MONTFI

TYPE OF FIXED INCONIE INVESTMENT

CUSIP NUMBER
U.S. GOVERNMENT AGENCY OBLIGATIONS
Citibank Credit Cald Issuance Trust
17305EHA6
FREMF 2025-K544 Moltgage Trust
3I37HMCE8
American Express Credit Acct. Master Trust
02582JKV1
Chase Issuance Trust
16t57tHZj
T-Mobile US Trust
87268MAA3
Freddie Mac Multifamily Structured Pass
3I37HMCK4

TOTAL FIXED INCOME INVESTMENTS
**All are in safekeeping with BNY Western Trust Company 06-26-2s
06-21-30
07-31-25
07-0 I -3007-22-2507- l 5-3 0
07-25-25
07-l 5-30
08-06-25
04-22-30
08-07-25
07-0 I -30

4.300%4.260%

4.266%4.230%4.300%4.250%

4.160%4.130%4.340%

4.3t0%4.290%4.250%
N/A

1.740%
1,500,000
1,505,000
850,000
1, I 95,000
280,000
I,750,000
N/A
1,499,5931,5t4,9061,s03,4141,s16,909
849,878860, l 15
1,194,976
1,204,566
?7q qqi
281,906
1,173,3191,184,737
I 5,3 l3
t,137
13,496
(s,050)
10,237
2,852
9,590
( r ,680)
1,911
0 11,4t9
0 ( I ,990,701 )(2,860,084)
64,500
< ?7{
64,243
s,3 50
36,550
3,Q46
49,712
4,143
12,152
r,0r3
s0,408
4,201
153,952,76715t,962,066
) <l? 1<o
))fr 11)
- UII : Unrestricted Investments
I 1 T:\Finance\lnvestments\2025-2026 investments Reports\z - August 2025 lnvestment report.xlsm

CHANGES IN BALANCES AND YIELDS

CATEGORY
Total Investments
Unrestricted Investments
Restricted Investments
Local Agency Investment Fund (LA.IF)
Fixed Income Investments (Total)TRANSACTIONS (BOOK VALUE): *

CATEGORY
Fixed Income Investments

CITY OF TULARE

TREASURER'S EXECUTIVE SUMMARY
August 31,2025

BOOK VALUE

MARKET VALUE

DIFFERENCE

ATIGUST JULY CHANGE

AVERAGE STATED YIELD
AT]G JULY
NiA N/A

1.899y. t.908%

N/A N/A

4.251% 4 258%
L740% 1 720%

SALES / CALLS
Federal Home Loan Mtg Corp,0.52"/"Freddie Mac Multifamily Structured Pass 246,586,703
244,642,866
(t,943,836)
230"623,474
228,679,638
(r,943,836)
15"963,228
t5,963,228
244,t48,186
241,334,967
(2,813,219)
227 "494,826 224,68t,607
13,2t9)
t6"653,360
16,653,360
2,438,516
3,307,899
869,383
3,128,648
? asR 01r
869,383
(690,132)
(690,1 32)
CHANGE
N/A
-0.009%
N/A
-0.007%
0,020%
600,000
29,889
0 0 0
39,108,964
39,1 s5,828 -----468er
153,952,767
r 51,962,066
39,t08,964
39,1 5s,B28 ---465tr
153,132,926
t 50,272,843
8 I 9,841
1,689,223
869,383
279,99s.04
1,1 73,3 18.58
00 (r,990,70r) (2,860,084)

PURCHASES
T-Mobile US Trust 2025-2
Freddie Mac Multifamily Structured Pass
629.889
t2
t.453.313.62
T:\tinance\lnvestments\2025:2025 lnvestments Reports\2 - August 2025 investment repoft.xlsm Created:

By:

Status:

Transaction lD:
2025-1 0-06
Sandra J imenez ([email protected]. gov)
Signed
CBJCHBCAABAA8U9tzczDVlgzkCT3tueBzubvUadGTBCW
2 - hwgust 2*25 la"lvestment n*psrt
Final Audit Report 2025-10-06
"2 - August2025 lnvestment report" History
f* Docum"nt created by Sandra Jimenez ([email protected]'gov) 2025-10-06 - 6:00:55 PM GMT
[]+ Document emailed to Mark Roberls ([email protected]) for signature 2025-10-06 - 6:01:00 PM GMT
f3 Emailviewed by Mark Roberts (mroberts@tulare'ca.gov) 2025-10-06 - 6'.25:11 PM GMT
*e Document e-signed by Mark Roberts ([email protected]) Signature Dale 2025-10-06 - 6:25:27 PM GMT - Time Source: server S Agreement completed.
2025-10-06 - 6:2527 PM GIVT
p nuobe Acrobat Sign
Staff Report
Meeting: City Council
Date: October 21, 2025
Department: Economic Development & Redevelopment
Submitted by: Jennifer Gomez, Executive Director of Economic Development & Redevelopment Agenda Title: Contract Approval for Economic Development Strategic Plan

RECOMMENDED ACTION
Approve and authorize the city manager to sign an agreement with Kosmont & Associates, Inc. to develop an Economic Development Strategic Plan and related services for a total amount not to exceed $100,000.

SUMMARY
In line with the City Council’s FY 2025-26 Strategic Plan, staff issued a Request for Proposals for an Economic Development Strategic Plan to seek out qualified firms with specialized expertise in economic development, urban planning, and commercial real estate to undertake a comprehensive analysis and strategic action planning effort for the city as a whole. The scope of work will encompass a Citywide Economic Analysis, Market Study, Strategic Action Plan Development, Community Engagement, Policy Recommendations, Industry Cluster Analysis, and Retailer Metrics.

FISCAL IMPACT & FUNDING SOURCES
100-100-101-102-000-5225 (Economic Development – Professional & Technical Services)

ENVIRONMENTAL REVIEW
This action does not constitute a “project” pursuant to the California Environmental Quality Act (CEQA).

POTENTIAL CONFLICT OF INTEREST
Staff are not aware of any conflicts of interest.

Item #: 10.4
Consent

LEGAL REVIEW
This item does not require legal review.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as a part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes

2. Deny

3. Table

ATTACHMENTS

1. Professional Services Agreement
Reviewed/Approved:

Page 1 of 12 ends

05.01.25tg

CITY OF TULARE

PROFESSIONAL SERVICES AGREEMENT
This Professional Services Agreement ("Agreement") is entered into as of October 21, 2025, between the City of Tulare, a California charter city ("City") and Kosmont & Associates, Inc., a California corporation, dba Kosmont Companies("Consultant") with respect to the following recitals, which are a substantive part of this Agreement.

RECITALS
A. The City of Tulare desires to obtain services for an Economic Development Strategic Plan, industry cluster analysis, and retailer metrics ("Services") more fully described in Exhibit A, which is attached hereto and incorporated by reference, as well as additional future on-call consulting services on a task order basis.

B. Consultant is engaged in the business of furnishing Services and hereby represents they are qualified, experienced, and capable of performing Services, and possesses any required licenses, certifications, security/bonding, and/or training necessary to perform Services.

C. The City of Tulare desires to retain Consultant, and Consultant desires to provide City with Services, on the terms and conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the promises and mutual agreements herein, City and Consultant agree as follows:

1. Scope of Services. Consultant shall perform Services described in the Recitals and detailed in Exhibit A. Changes in the scope of Services, including the work performed and/or deliverables produced, shall be made in writing and particularly describe the changes in Services, including payment/costs and schedule/term, as applicable.

2. Priority and Conflicts; Exclusions. If the terms and requirements of this Agreement conflict with Exhibit A, this Agreement shall control. No contractual terms and/or conditions found in Exhibit A shall purport to waive, disclaim, or limit Consultant’s liability, indemnification obligations, warranties, damages for breach or delay, or any security, bonding, or insurance requirements, and any such provisions shall have no force or effect with respect to this Agreement and Services performed by Consultant.

3. Term of Agreement; Commencement of Services; Schedule. Consultant shall begin performing Services upon notice from City on or after the Effective Date, unless otherwise instructed by the City, and continue with Services until June 30, 2027 (“Completion Date”). This Agreement may be terminated prior to the Completion Date pursuant to Section 17 herein.

4. Payment for Services. As sole compensation for the performance of Services, City hereby agrees to pay Consultant monthly for services rendered to City pursuant to this Agreement on a time and materials basis according to the rates of compensation as set forth in Exhibit A. The total amount paid by the City to Consultant for Services shall not exceed one hundred thousand dollars

Page 2 of 12 ends

05.01.25tg
($100,000). The foregoing is inclusive of all labor, equipment, materials, costs and expenses, taxes, and overhead. Consultant will receive no royalty or other remuneration for the production or distribution of any products developed by City or by Consultant in connection with, or based upon, Services. Consultant shall submit to City an itemized invoice, prepared in a form satisfactory to the City, describing its services and costs for the period covered by the invoice. Except as specifically authorized by the City, Consultant shall not bill City for duplicate services performed by more than one person. Consultant’s bills shall include the following information to which such services cost or pertain: a brief description of services performed; the date Services were performed; and the number of hours spent, rate, and by whom. Any such invoices shall be in full accord with any and all applicable provisions of this Agreement. City shall make payment on each such invoice within thirty (30) days of receipt; provided, however, if Consultant submits an invoice which is incorrect, incomplete, or not in accord with the provisions of this Agreement, City shall not be obligated to process any payment to Consultant until thirty (30) days after a correct and complying invoice has been submitted by Consultant.

5. Independent Contractor Status, Taxes. Consultant is an independent contractor, and nothing contained in this Agreement is intended, or shall be construed in any manner to create or establish the relationship of agent or employee of the City. Consultant has no authority to bind City by contract or otherwise. Consultant will perform the professional services under the general direction of the City Manager or their Designee, subject to the requirement that Consultant shall, at all times, comply with applicable law. Consultant shall pay all taxes, assessments, and premiums under the federal Social Security Act, any applicable unemployment insurance contributions, Workers Compensation insurance premiums (if required), sales taxes, use taxes, personal property taxes, or other taxes or assessments now, or hereafter, in effect and payable by reason of, or in connection with, Services performed by Consultant. Consultant shall be required to possess a valid and current City of Tulare Business Tax Certificate.

6. Warranty. By executing this Agreement, Consultant agrees Services it will perform under this Agreement will be of a professional quality conforming to generally accepted industry standards and practices and that Consultant shall maintain all required licenses and certifications necessary for performance of Services hereunder. Consultant further agrees and represents to City that Consultant possesses, or shall arrange to secure from others, all of the necessary professional capabilities, experience, resources, and facilities necessary to provide City Services contemplated under this Agreement and that City relies upon the professional skills of Consultant to do and perform Consultant’s work. Consultant further agrees and represents that Consultant shall follow the current, generally accepted industry practices to make findings, render opinions, prepare factual presentations, and provide professional advice and recommendations regarding Services rendered under this Agreement.

7. Subcontractor Provisions. Consultant shall include in its written agreements with its subcontractors, if any, provisions which: (a) impose upon the subcontractors the obligation to provide to City the same insurance and indemnity obligations that Consultant owes to the City; (b) make clear that City intends to rely upon the reports, opinions, conclusions and other work product prepared and performed by subcontractors for Consultant; and (c) entitle City to impose upon subcontractors the assignment rights found elsewhere in this Agreement.

Page 3 of 12 ends

05.01.25tg

8. Power to Act on Behalf of the City. Consultant is not acting as an agent of City and shall not have any right, power, or authority to create any obligation, express or implied, or make representations on behalf of City except as may be expressly authorized in advance in writing from time to time by City and then only to the extent of such authorization.

9. Access to Records. Consultant shall maintain all preparatory books, records, documents, accounting ledgers, and similar materials, including, but not limited to, calculations and notes relating to work performed for City under this Agreement, on file for at least three (3) years following the date of final payment to Consultant by the City. Any duly authorized representative(s) of City shall have access to such records for the purpose of inspection, audit, and copying at reasonable times during Consultant’s usual and customary business hours. Consultant shall provide proper facilities to the City’s representative(s) for such access and inspection.

10. Ownership of Documents. Title to all final documents, including drawings, specifications, data, reports, summaries, correspondence, photographs, computer software (if purchased on the City’s behalf), video and audio tapes, software output, and any other materials with respect to work performed under this Agreement shall vest with City at such time as City has compensated Consultant, as provided herein, for Services rendered by Consultant in connection with which they were prepared. City agrees to hold harmless and indemnify Consultant against all damages, claims, lawsuits, and losses of any kind including defense costs arising out of any use of said documents, drawings, and/or specifications on any other project without written authorization of the Consultant. The provisions of this Section 4 shall survive the termination of this Agreement for any reason.

11. Confidentiality. All work product prepared and performed by and on behalf of Consultant in connection with Services performed pursuant to this Agreement shall be kept confidential and shall be disclosed only to the City, unless otherwise provided by law or expressly authorized by the City. Consultant shall not disclose or permit the disclosure of any confidential information acquired during performance of Services, except to its agents, employees and subcontractors who need such confidential information in order to properly perform their duties relative to this Agreement. Consultant shall also require its subcontractors to be bound to these confidentiality provisions.

12. Conflicts of Interest. Consultant represents that neither Consultant nor any of its employees have an improper interest, present or contemplated, in Services which would affect Consultant’s or its employees’ performance of Services and the work product produced. Consultant further warrants that neither Consultant nor any of its employees have real property, business interests or income that will be affected by Services. Consultant covenants that no person having any such interest, whether an employee or subcontractor shall perform Services under this Agreement.

During the performance of Services, Consultant shall not employ or retain Services of any person who is employed by City or a member of any City board, commission, committee, or other legislative or recommending body.

13. City’s Right to Employ Other Consultants. This Agreement and performance of Services are non-exclusive and City reserves the right to employ other consultants in connection with Services while this Agreement is in effect.

Page 4 of 12 ends

05.01.25tg

14. Termination of Agreement. This Agreement shall terminate as provided in Section 3, unless terminated earlier pursuant to the following:
a. Termination by City or Consultant: For Convenience. Either party may, at their discretion, terminate this Agreement for convenience and without cause upon ninety (90) days prior written notice to the other party. Upon receipt of a termination notice pursuant to this subsection, Consultant shall promptly discontinue all Services affected, unless the notice directs otherwise.
b. Termination by City or Consultant: For Cause. Either party may terminate this Agreement upon ten (10) days prior written notice to the other party of a material breach, and a failure within that time period to cure or commence reasonable steps to cure the breach. c. Compensation to Consultant Upon Termination. Consultant shall be paid compensation for Services satisfactorily performed prior to service of the written notice of termination. As to any phase partially performed but for which the applicable portion of Consultant's compensation has not become due, Consultant shall be paid the reasonable value of its Services provided. However, in no event shall such payment when added to any other payment due under the applicable part of the work exceed the total compensation of such part as specified Section 4. In the event of termination due to Consultant’s failure to perform in accordance with the terms of this Agreement through no fault of the City, and City may withhold an amount that would otherwise be payable as an offset to the City's damages caused by such failure. d. Effect of Termination. Upon termination of this Agreement, Consultant shall: (i) promptly discontinue all Services affected, unless the notice of termination directs otherwise; and (ii) deliver or otherwise make available to the City, without additional compensation, all work product and/or deliverables accumulated by Consultant in performing this Agreement, whether completed or in process. Consultant may not refuse to provide such work product for any reason whatsoever.
e. Non-Appropriation; Lack of Available Funds. The parties acknowledge Services to be performed under this Agreement are expected to extend beyond the City’s budgeted fiscal year.

If, during the term of this Agreement, or any renewal term, as applicable, City budget does not appropriate sufficient funds for this Agreement, then City may elect to terminate this Agreement, at its sole discretion, by giving thirty (30) days' prior written notice of termination to Consultant.

Upon termination of the Agreement under this section, City shall have no further liability to pay any funds to Consultant or to furnish any other consideration under this Agreement, and Consultant shall not be obligated to perform any provisions of this Agreement or to provide services intended to be funded pursuant to this Agreement. If partial funds are appropriated or provided, City shall have the option to either terminate this Agreement with no liability to City or offer an amendment to Consultant to reflect the reduced amount. City represents and warrants that (i) as of the Effective Date, it has appropriated the funds for this Agreement for the current fiscal year and (ii) it shall not use the foregoing right to terminate for non-appropriation as a means to terminate for convenience. Consultant’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. City budget decisions are subject to the discretion of the City

Page 5 of 12 ends

05.01.25tg
Council.

15. Insurance. Consultant shall satisfy the insurance requirements set forth in Exhibit B.

16. Indemnity and Defense. Consultant hereby agrees to indemnify, defend and hold the City, its officials, officers, employees, agents, and volunteers harmless from and against all claims, demands, causes of action, actions, damages, losses, expenses, and other liabilities, (including without limitation reasonable attorney fees and costs of litigation) of every nature arising out of or in connection with the alleged or actual acts, errors, omissions or negligence of Consultant or its subcontractors relating to the performance of Services and the safeguarding of any financial data and information obtained from City necessary to perform Services described herein to the fullest extent permitted by law, unless the injuries or damages are the result of the City's negligence or willful misconduct, subject to any limitations imposed by law. Consultant and City agree that said indemnity and defense obligations shall survive the expiration or termination of this Agreement for a period not to exceed four (4) years for any items specified herein that arose or occurred during the term of this Agreement.

17. Compliance with Laws, Rules, and Regulations. Services performed by Consultant pursuant to this Agreement shall be performed in accordance and full compliance with all applicable federal, state, and city laws and any rules or regulations promulgated thereunder.

18. Assignment. Neither this Agreement nor any duties or obligations hereunder shall be assignable by Consultant without the prior written consent of the City. In the event of an assignment to which City has consented, the assignee shall agree in writing to personally assume and perform the covenants, obligations, and agreements herein contained. In addition, Consultant shall not assign the payment of any monies due 38 Section 8, Item 8D. 5 Consultant from City under the terms of this Agreement to any other individual, corporation or entity. City retains the right to pay any and all monies due Consultant directly to Consultant.

19. Form and Service of Notices. Any and all notices or other communications required or permitted by this Agreement or by law to be delivered to, served upon, or given to either party to this Agreement by the other party shall be in writing and shall be deemed properly delivered, served or given by one of the following methods: a. Personally delivered to the party to whom it is directed. Service shall be deemed the date of delivery. b. Delivered by e-mail to a known address of the party to whom it is directed provided the e-mail is accompanied by an acknowledgment of receipt by the other party. Service shall be deemed the date of acknowledgement. c. Delivery by a reliable overnight delivery service, ex., Federal Express, receipted, addressed to the addressees set forth below the signatories to this Agreement. Service shall be deemed the date of delivery. d.

Delivery by deposit in the United States mail, first class, postage prepaid. Service shall be deemed delivered seventy-two (72) hours after deposit.

20. Entire Agreement. This Agreement, including the Exhibits and any other attachments, represents the entire Agreement between City and Consultant and supersedes all prior negotiations, representations or agreements, either written or oral with respect to the subject matter herein. This Agreement may be amended only by written instrument signed by both City and the Consultant.

Page 6 of 12 ends

05.01.25tg

21. Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.

22. Severability. In the event any term or provision of this Agreement is declared to be invalid or illegal for any reason, this Agreement will remain in full force and effect and will be interpreted as though such invalid or illegal provision were not a part of this Agreement. The remaining provisions will be construed to preserve the intent and purpose of this Agreement and the parties will negotiate in good faith to modify any invalidated provisions to preserve each party’s anticipated benefits.

23. Applicable Law and Interpretation and Venue. This Agreement shall be interpreted in accordance with the laws of the State of California. The language of all parts of this Agreement shall, in all cases, be construed as a whole, according to its fair meaning, and not strictly for or against either party. This Agreement is entered into by City and Consultant in the County of Tulare, California. Consultant shall perform Servicesrequired under this Agreement in the County of Tulare, California.

24. Amendments and Waiver. This Agreement shall not be modified or amended in any way, and no provision shall be waived, except in writing signed by the parties hereto. No waiver of any provision of this Agreement shall be deemed, or shall constitute, a waiver of any other provision, whether or not similar, nor shall any such waiver constitute a continuing or subsequent waiver of the same provision. Failure of either party to enforce any provision of this Agreement shall not constitute a waiver of the right to compel enforcement of the remaining provisions of this Agreement.

25. Third Party Beneficiaries. Nothing in this Agreement shall be construed to confer any rights upon any party not a signatory to this Agreement.

26. Execution in Counterparts. This Agreement may be executed in counterparts such that signatures may appear on separate signature pages. A copy or an original, with all signatures appended together, shall be deemed a fully executed Agreement.

27. Alternative Dispute Resolution. If a dispute arises out of or relating to this Agreement, or the alleged breach thereof, and if said dispute cannot be settled through negotiation, the parties agree first to try in good faith to settle the dispute by non-binding mediation before resorting to litigation.

The mediator shall be mutually selected by the parties, but in case of disagreement, the mediator shall be selected by lot from among two nominations provided by each party. All costs and fees required by the mediator shall be split equally by the parties, otherwise each party shall bear its own costs of mediation. If mediation fails to resolve the dispute within thirty (30) days, either party may pursue litigation to resolve the dispute. Demand for mediation shall be in writing and delivered to the other party to this Agreement.

A demand for mediation shall be made within a reasonable time after the claim, dispute or other matter in question has arisen. In no event shall the demand for mediation be made after the date when commencement of legal or equitable proceedings based on such a claim, dispute or other matter in question would be barred by California statues of limitations.

Page 7 of 12 ends

05.01.25tg

28. Non-Discrimination. Consultant shall not discriminate based on any protected class under federal or State law in the provision of Services or with respect to any Consultant employees or applicants for employment. Consultant shall ensure any subcontractors are bound to this provision.

A protected class includes, but is not necessarily limited to race, color, national origin, ancestry, religion, age, sex, sexual orientation, marital status, and disability.

29. Performance Requirements. Notwithstanding, and in addition to the provisions of Section 17 of this Agreement, if Services performed hereunder are not in conformity with the requirements of this Agreement and other pertinent documents, City shall have the right to require Consultant to correct the work in conformity with the requirements of this Agreement at no additional increase in the payment to Consultant. Consultant shall promptly correct the work rejected by City for failing to conform to the requirements of the Agreement. Remedy for non-compliance or non-performance shall commence within 24 hours of notice. City shall also have the right to require Consultant to take all necessary steps to ensure future performance of Services in conformity with the requirements of this Agreement. In the event Consultant fails to correct the work or fails to take necessary steps to ensure the future performance of Services in conformity with the requirements of this Agreement, City shall have the right to immediately terminate this Agreement for default. ---Signatures on subsequent page.---

Page 8 of 12 ends

05.01.25tg
NOW, THEREFORE, City and Consultant have executed this Agreement on the date(s) set forth below:

KOSMONT & ASSOCIATES, INC. CITY OF TULARE

Larry J Kosmont, Chairman & CEO Marc Mondell, City Manager Date: Date:

APPROVED AS TO FORM ATTEST

Mario U. Zamora, City Attorney Marc Mondell, City Clerk By: Melissa Wilcox
Chief Deputy City Clerk
Date: Date:

Page 9 of 12 ends

05.01.25tg
Exhibit A – Scope of Services, Fee/Rate Schedule & Request For Proposals Prepared For

CITY OF TULARE
September 5, 2025

PROPOSAL FOR
Professional Brokerage Services
RFP# CC18-085
Prepared By
Kosmont Companies
1601 N. Sepulveda Blvd. #382
Manhattan Beach, CA 90266
(424) 297-1070

PROPOSAL FOR

ECONOMIC DEVELOPMENT

STRATEGIC PLAN (EDSP)
RFP 26-823
Photo Credit: www.homes.com/local-guide/tulare-ca/
September 5, 2025
Attn: Ms. Jennifer Gomez, Executive Director of Economic Development & Redevelopment and Ms. Melissa Hermann, Chief Deputy City Clerk
City of Tulare
411 East Kern Avenue
Tulare, CA 93274
Delivered via email to [email protected].

Re.: City of Tulare Request for Proposals for an Economic Development Strategic Plan (RFP 26-823) Dear Ms. Gomez, Ms. Hermann, City Staff, and Evaluation Committee:

Kosmont & Associates, Inc. doing business as Kosmont Companies (“Consultant” or “Kosmont”) is pleased to present this proposal to the City of Tulare (“City” or “Client”) for an Economic Development Strategic Plan (“EDSP” or “Plan”).

Tulare is home to approximately 72,000 residents and plays a significant role in agricultural production in California. The City is one of the 10 fastest growing municipalities in California with a population over 30,000 residents. Some of the City’s many economic strengths include manufacturing, strong logistical location, agribusiness, and pro-business climate.

The City has prioritized economic development in recent years by adopting a Downtown Master Plan, offering Downtown rehab grants, creating the Tulare Business Innovation Zone business accelerator, conducting studies of an entertainment district and business park, reviewing prospective annexations, analyzing current land uses, and building a new interchange near the International Agri-Center. The City is looking to further these efforts by seeking a qualified consulting firm with expertise in economic development to undertake a comprehensive analysis and strategic action planning effort for the City.

Kosmont, a certified Minority Business Enterprise (“MBE”) and Small Business Enterprise (“SBE”), is a full-service local government, economics, and real estate advisory firm with a 39-year track record of working with cities and public agencies on over 1,000 economic development strategies, real estate market analyses, and public-private projects, including the management of real estate and public finance transactions exceeding $10 billion. What sets Kosmont apart is our understanding of how economics relates to project shaping, as well as our understanding of both the public and private sectors. Kosmont has provided hundreds of cities and other public agencies with economic developmentservices since 1986.

Kosmont Companies
Mailing Address: 1601 N. Sepulveda Blvd., #382 (424) 297-1070 Physical Address: 1230 Rosecrans Ave., #630 Manhattan Beach, CA 90266 www.kosmont.com Manhattan Beach, CA 90266 Kosmont has worked on a variety of economic development and real estate advisory projects for several municipalities in Central California, including Clovis, Delano, Fresno, Hanford, Lindsay, Mendota, Modesto, Sanger, Turlock, Kings County, and Tulare County, and is well acquainted with the areas surrounding Tulare.

Additional information describing our work in Delano and other similar economic development strategy assignments can be found herein.

Our consulting team is comprised of over 15 highly skilled professionals, including former City Managers, Directors of Economic Development, Community Development, and Financial Services, who possess extensive knowledge and expertise in their respective fields. Kosmont was founded by Chairman and CEO Larry J.

Kosmont, CRE® and is led by President and ICSC Legacy Volunteer and Community Advancement Chair Emeritus, Mr. Ken K. Hira. If selected for this assignment, Mr. Hira would act as the Principal Advisor. Vice President Fernando Sanchez with over 11 years of economic development / real estate experience would serve as Project Manager. Senior Advisor Thomas Jirovsky with over 35 years of experience will provide strategic project input.

Kosmont is exceptionally well-suited to provide the requested services to the City. Our team is enthusiastic, ready, and available to provide the requested services when called upon and looks forward to the opportunity to assist the City.

We are available to discuss our proposal further at your convenience.

Sincerely,
Ken K. Hira
President
ii Kosmont Companies
(424) 297-1070
www.kosmont.com
SUBMITTED BY: KOSMONT AND ASSOCIATES, INC., DBA KOSMONT COMPANIES Physical/Main Office: 2301 Rosecrans Avenue, Suite 4140, El Segundo, CA 90245 Mailing: 1601 N. Sepulveda Blvd. #382, Manhattan Beach, CA 90266 Office: (424) 297-1070 / Fax: (424) 286-4632
Principal Advisor / Point of Contact: Ken K. Hira, President / (949) 226-0288 / [email protected] Contract Negotiation: Kelly Aguilar, Director of Admin. & Ops. / (424) 297-1071 / [email protected]

CITY OF TULARE
Economic Development Strategic Plan
Follow Kosmont: @KosmontTweets
SECTION 1. FIRM OVERVIEW PAGE 1 - 7
SECTION 2. MEET THE TEAM PAGE 8 - 12
SECTION 3. RELEVANT PROJECTS & REFERENCES PAGE 13 - 17
SECTION 4. SCOPE OF WORK PAGE 18 - 21
SECTION 5. FEE / RATE SCHEDULE PAGE 22 - 23

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
iii

TABLE OF CONTENTS

CITY OF TULARE
Economic Development Strategic Plan
Photo Credit: www.tulare.ca.gov/
SECTION 1.

FIRM OVERVIEW

CITY OF TULARE
Economic Development Strategic Plan

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
KOSMONT AND ASSOCIATES, INC. DBA KOSMONT COMPANIES
Since 1986, 39 years in Business - 20 Team Members - www.kosmont.com POINT OF CONTACT: Ken K. Hira, President – (949) 226-0288 / [email protected] Physical/Headquarters: 2301 Rosecrans Avenue, Suite 4140, El Segundo, CA 90245 Mailing: 1601 N. Sepulveda Blvd. #382, Manhattan Beach, CA 90266 Kosmont provides services to Clients in-person, virtually from satellite locations, and from the El Segundo headquarters across the Western U.S.

Kosmont, a certified Minority Business Enterprise (“MBE”) and certified Small Business Enterprise (“SBE”), is a real estate and economic development services firm offering a full range of real estate and financial advisory, economic development strategies/plans, retail/business strategies, project finance, transaction structuring, negotiations, market analysis, feasibility studies, special district analysis, community outreach/project implementation services for both the public and private sectors. Kosmont was founded in 1986 by Larry J. Kosmont, CRE®, Chairman and CEO, is nationally recognized and has been financially stable throughout the firm's history. With decades of advisory services, Kosmont has assisted hundreds of public agencies in their quest for services and successful public private projects.

What sets Kosmont apart is our understanding of how economics relates to future project shaping, as well as our understanding of both the public and private sectors. Rather than just write reports, Kosmont believes in a comprehensive approach to advisory services that Analyzes, Strategizes, and Implements. Kosmont will integrate our established ability, strengths, seasoned experience, and hands-on approach to deliver the requested consulting services. A brief highlight of our services is as follows.

Economic Development Consulting Services
• Economic Development Strategies (EDSP/CEDS)
• Kosmont Retail Now!® Platform
• Special Districts (EIFD, CRIA, CRD, CFD)
• Downtown Revitalization
• Asset Management Plans
• Developer Selection RFQ/RFP & DDA/ENA
• Sustainable Economic Development
• ROPS & RDA Dissolution Advisory Services
Land Use/Zoning and Community Planning Services
• DEVELOPMENT OPPORTUNITY RESERVE (D.O.R.)®
• Sales Tax Assessment Revenue (STAR*)®
• Other Zoning & Implementation Strategies for Economic Development Kosmont’s Mission Statement is the pursuit of four pillars of strength: Innovation, Integration, Integrity, and Intelligence. We are on the cutting edge of products and services, we achieve financial success for our public and private sector clients, we are committed to community prosperity and quality of life, and our professional standards are of the highest caliber.

Planning and Development Services
• Project Evaluation
• Project Financials & Pro-Forma Assessment
• Property Acquisition/Leasing
• Land Use/Entitlements
• Due Diligence Reports
Real Estate Economics & Financial Advisory Services
• Fiscal & Economic Impacts
• Project Economics, Highest & Best Use (HBU) & Market
Studies
• Public & Private Financing Structures
• Affordable Housing (Pro Forma, Housing Element,
Negotiations, Feasibility)
1 KOSMONT COMPANIES OVERVIEW
SECTION 1.

FIRM OVERVIEW

CITY OF TULARE
Economic Development Strategic Plan

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
Kosmont is a full-service firm which also provides various integrated services through two independent and affiliated firms: Kosmont Realty (“KR”) and Kosmont Financial Services (“KFS”). KR is a full service and licensed real estate brokerage firm and KFS is a public finance firm providing financial advisory services, and is registered with the SEC.

In the aggregate, Kosmont Companies, KR, and KFS have extensive experience working with local and State government on real estate transactions between public agencies and private parties and structured project financing involving public and private funding sources. Collectively, Kosmont provides public agencies broad access to real estate consultants and brokers, public sector deal structure experts, and public-private financial advisors. We know of no other integrated set of companies that can provide a full complement of Economic Development Services, Real Estate Brokerage, and Municipal Advisory. Our diverse roles and experience in the real estate and financial industries have made us highly adaptable and skilled for this type of assignment. The chart below represents Kosmont’s wide-array of integrated services.
2 SECTION 1.

FIRM OVERVIEW

CITY OF TULARE
Economic Development Strategic Plan

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
3 SECTION 1.

FIRM OVERVIEW
• California Association for Local Economic Development (CALED) Awards of Excellence Program
– 2024 City of Pacifica Vision 2025 & Beyond
– 2017 Redondo Beach Marine Ave Hotels Project
– 2014 South Gate Azalea Retail Project
• California City Management Foundation (CCMF)
Kosmont Companies is the proud recipient of the
– 2022 CCMF Corporate Sponsor of the Year Award
• Southern California Association of Governments (SCAG) – Sustainability Award: 5/2019 – City of Placentia
• L.A. Business Journal (LABJ) Latino Business of the Year Awards Kosmont Companies is the proud recipient of the
– 2015 Small Private Latino Business of the Year Award
• Larry J. Kosmont, CRE® is the honored recipient of the:
– 2025 CALED Golden Bear
– 2016 California Business Properties Association (CBPA) Champion of the Industry Award
For his service in real estate and economic development – 1980 City of Seal Beach John H. Nail Memorial Award
Awarded annually by the City Managers Department of
the League of California Cities
• Ken K. Hira is the honored recipient of the:
– 2024 ICSC Lifetime ICSC Trustees’ Distinguished Service Award based on over 20 years of volunteer leadership
Kosmont Companies is proud to be in the
Los Angeles Business Journal 2022 and 2025 Book of Lists as one of the Top 100 Minority-Owned Businesses.

PROUD RECIPIENTS OF THE FOLLOWING AWARDS

CITY OF TULARE
Economic Development Strategic Plan
• Opportunity Zones
• Development Opportunity Reserve (D.O.R.)®
• Sales Tax Assessment Revenue (STAR*)®
New Vocabulary of Innovation

THE EVOLUTION OF RETAIL
2013 Big Box Shrinkage
2014 Place is New Anchor Tenant
2015 Blended Use: Place, not Space
2016 Millennials Want Experience
2017 E-tail is about Omni-channeling
2018 Distribution Revolution Creates Redustrial
2019 Storytelling via Social Media
2020 Think Outside The Box
2021 Innovation
2022 Convenience
2023 Technologies
2024 Right Sizing
ECONOMIC DEVELOPMENT IMPLEMENTATION - TOOLS THAT CREATE $CURRENCY$ FOR CITIES • Enhanced Infrastructure Financing Districts (EIFD)
• Community Revitalization & Investment Authority (CRIA) • Affordable Housing Authority (AHA)

BLENDED USE
Land uses are evolving and integrating … hybrid
working, amenitized rental living, hotel concierge,
experiential / service retail, and flexible industrial
Residential / Hospitality
Experiential / Curbside Retail
Health / Wellness / Open Space
Food / Grocery / Restaurants
Office / Telecommuting Alternatives
Fulfillment / E-Commerce
Re-dustrial
Retail
Reimagining
BOPIS & Pickup
Land Use Revolution
Retail Reimagine into Blended Use
Residential Renaissance based on housing shortage &
RHNA mandates
Office Reconfiguration for hybrid work patterns
Hotel Resetting driven by leisure travel &
potential conversions
Industrial Redistribution for flexible fulfillment and
last mile delivery

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
4 SECTION 1.

FIRM OVERVIEW

CITY OF TULARE
Economic Development Strategic Plan

REIMAGINING LAND USE IS

PRIMARY OPPORTUNITY FOR CITIES
Kosmont has provided advisory services for many Reimagination Projects, Downtown Districts, and Financing Districts across California.

Sausalito
Commercial
District
Analysis
Buellton / Solvang
Economic Development Strategy
& Advisory
Santa Barbara
State Street Downtown
/ Retail Study
St Helena
Downtown District
Strategies
Capitola
Mall Reimagination Advisory
Baldwin Hills (Capri Capital)
Blended Use Real Estate
Advisory
Laguna Hills
Mall Reimagination Advisory
Union City
Retail Advisory
Santa Monica
DTSM Third Street Promenade
Community Workshops
Buena Park
District Advisory
La Verne
EIFD Advisory
Placentia
Economic
Development
/ EIFD
Advisory
Mountain House CSD
Commercial Land Use Advisory
Pittsburg
EIFD & Econ.

Dev. Advisory
Napa
EIFD Advisory
Brentwood
EIFD Advisory
5 “TECHONOMIC DEVELOPMENT”

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
6 Kosmont has been a virtual and engaged company for years and embraces a variety of digital tools for analysis and leadership resources to inform retail and economic development advisory services. Technologies are powerful tools for economic development.

Demographic /
Market Data
ESRI Business Analyst Online,
CoStar, CRMLS, STR
Location /
Visitor
Analytics
Placer.ai
GIS Data
Analysis /
Sharing
ArcGIS, QGIS, Online WebApps
Stakeholder
Meetings Web Conferences & Screen Sharing
Community
Outreach Webinars / Virtual Meetings
Project
Management Microsoft Teams, SharePoint
Digital Polling /
Surveys Google Forms, SurveyMonkey

ORGANIZATIONS AND LEADERSHIP
SECTION 1.

FIRM OVERVIEW

CITY OF TULARE
Economic Development Strategic Plan

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
7 Kosmont is a leader in assisting cities with the utilization of economic development implementation tools that allow cities to put their strategies into action and capture value.

IMPLEMENTATION TOOLS
Strategic Zoning and
Land Use Tools
Use new zoning value for community
benefits with Development Opportunity
Reserve D.O.R.®
Revenue
Replacement Tools
Replace anticipated sales tax revenue by
creating general fund equivalency with
Sales Tax Assessment Revenue (STAR*)®
Special Districts
Enhanced Infrastructure Financing
Districts (EIFD), Climate Resilience
Districts (CRD), & other district tools to
motivate private investment,
fund infrastructure, and attract grant
funds
Tax Exempt Financing
Opportunity to generate savings and
create general fund resources for
community reinvestment
Surplus Land Act as
Asset Management Strategy
Public agencies should look at SLA as a
“Value Capture” opportunity to
productively use public properties
Other Public Money
(OPM)
Pursue grant funds from state / federal /
other sources to fund planning and
projects that advance your Econ. Dev.
objectives
SECTION 1.

FIRM OVERVIEW

CITY OF TULARE
Economic Development Strategic Plan
SECTION 2.

MEET THE TEAM

CITY OF TULARE
Economic Development Strategic Plan

ADDITIONAL INFORMATION
• Team members are assigned as appropriate based on their skills, qualifications, and availability in order to adequately provide services to the City and stay within budget. • If needed, other team members not included herein may be assigned to work on projects in a support or research role.
• The subsequent pages contain resumes for the above key team members.

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
8 MEET THE TEAM
Kosmont brings a well-rounded and seasoned professional cohort with the required expertise and exemplary skillsets to provide the requested services. Most senior staff have been with Kosmont for a decade or longer, providing continuity on assignments and a well of relevant knowledge and experience. We have the extensive experience, a proven track record, and the qualifications to provide the knowledge, guidance, and execution of those services necessary to assist the City with the requested services.

If selected, Kosmont’s Project Manager will be Mr. Fernando Sanchez. Mr. Sanchez, Kosmont Vice President brings over 11 years of experience with 10+ of those years at Kosmont Companies. Mr. Sanchez assists public and private sector clients with market and economic analyses, strategic planning, and real estate development advisory. Mr.

Sanchez will oversee the Project from start to completion. He will be responsible for day-to-day management of the engagement with the City and coordination of the Kosmont team to ensure the Project is completed on time and within budget.

Mr. Sanchez will be supported by the following key team members:
• Mr. Ken K. Hira, Kosmont President has expertise in real estate and economic development. He brings over 30 years of varied experience (17+ of those years at Kosmont Companies) in virtually every aspect of acquisition, entitlement, development, financing, asset management, disposition, downtown revitalization, and strategic plans. His strengths include a keen understanding of land use trends, business retention/attraction, negotiating public-private transactions and implementing blended-use projects. He will provide project oversight, quality control, strategic advisory support, and make public presentations as necessary as the Principal Advisor. • Mr. Thomas Jirovsky, Kosmont Senior Advisor brings over 35 years of experience with 15+ of those years at Kosmont Companies. He provides services related to economic development and downtown strategies, development feasibility and financial incentives, fiscal and economic impact, real estate pro formas, and asset management to public agencies and developers. He will provide strategic project input. • Ms. Lily Schenk, Kosmont Project Analyst provides support to senior personal through GIS mapping, financial analysis, project due diligence, analysis, and regulatory review. For this assignment, she will provide project research and support.

Our team is enthusiastic, ready, and available to provide the requested services when called upon.

SECTION 2.

MEET THE TEAM

CITY OF TULARE
Economic Development Strategic Plan
Project Role:

Principal Advisor
Years with Firm: 17+
Years of Experience: 30+
Education:

Bachelor of Economics
and Business, UCLA
Ken K. Hira President
9 CITY OF TULARE
Economic Development Strategic Plan
SECTION 2.

MEET THE TEAM
RELEVANT EXPERIENCE: Mr. Hira has managed hundreds of public & private sector consulting assignments. A few of his more recent projects are summarized below:
• County of Tulare (Countywide Market Study)
• City of Clovis (Retail / Land Use Market Study, Mall Reimagination) • City of Delano (Market Analysis for General Plan Update) • City of Folsom (Future Folsom Economic Development / Retail Trend Presentation, EDSP) • City of Fresno (EIFD Evaluation / Corridor Analysis)
• City of Hanford (Market Analysis for Precise Plan and General Plan) • City of Lindsay (Market Analysis / Downtown Revitalization) • City of Modesto (Specific Plan / Land Use Analysis)
• City of Mountain House (Commercial Analysis for Community Services District lead to incorporation of City) • City of Pacifica (Economic Opportunities Study)
• City of San Rafael (Economic Development Strategic Plan, Mall Fiscal Impact Analysis, EIFD analysis) • City of Turlock (Economic Development Strategic Plan update) • City of Artesia (Econ Dev Strategic Plan, Hotel Study, Econ Dev implementation / EIFD / value capture) • City of Buellton (Downtown Revitalization, Specific Plan with Development Opportunity Reserve D.O.R.®) • City of Daly City (Economic Development Strategies and Implementation and Public Private projects) • City of Desert Hot Springs (Econ Dev Strategies and Business Attraction ICSC) • City of Norwalk (Economic Development Opportunity Plan, Public Private Residential / Commercial Project) Mr. Ken K. Hira serves as President for Kosmont Companies. An expert in real estate and economic development, Mr. Hira brings over 30 years of varied experience in virtually every aspect of acquisition, entitlement, development, financing, asset management, disposition, downtown revitalization, and strategic plans. His strengths include a keen understanding of retail trends, business retention/attraction, negotiating public-private transactions and implementing blended-use projects that revitalize communities and assist in economic development/tax generation programs.

A former Executive Vice President and mixed-use developer, Mr. Hira managed a portfolio of over $100 million of retail sites, while operating the commercial division of the company. Prior to this, as Managing Director of Acquisitions for a development company and Vice President of Development at a development firm, he evaluated and underwrote hundreds of acres of land, successfully captured and negotiated anchor tenant commitments creating $60 million of value in ground-up development and redevelopment and was responsible for 800,000 square feet of retail entitlement, design and development. As Vice President of a shopping center company based in San Diego (6 years), Mr. Hira entitled one million square feet of retail development projects, as well as led the acquisition of 24 neighborhood and community shopping centers, totaling 3.3 million square feet and valued at $375 million, and organized a $287 million recapitalization.

LICENSES/AFFILIATIONS: Mr. Hira is an active ICSC volunteer leader. He was nominated and served as the Co-Chair of the ICSC Community Advancement Board, nationally advocating public-private partnerships, while previously serving as the ICSC Western Division P3 Retail Co-Chair, Southern California State Director, Program Committee Chair and Alliance Co-Chair. He is currently designated as a Legacy Volunteer, Chair Emeritus of Community Advancement and the proud recipient of the 2024 Lifetime ICSC Trustees’ Distinguished Service Award.

Mr. Fernando Sanchez is a Vice President with Kosmont Companies assisting public and private sector clients with market and economic analyses, strategic planning, and real estate development advisory. His recent work includes market supply and demand analysis, prioritization of strategic opportunity sites for retail and future development, analysis of potential development uses, and geospatial analysis of boundaries and funding and financing feasibility studies of new infrastructure financing districts, including Enhanced Infrastructure Financing Districts (EIFDs).

Prior to joining Kosmont Companies, Mr. Sanchez also worked as an Analyst for Entertainment and Culture Advisors, a Los Angeles-based economic consulting firm specializing in the entertainment and attractions industry. Other previous experience includes working as an Analyst and Project Manager for JDT International Inc., a residential real estate developer in Philadelphia, and working as a Transportation Planner with the City of Philadelphia Mayor’s Office of Transportation and Utilities.

LICENSES/AFFILIATIONS:

Mr. Sanchez is a member of the American Planning Association and the Urban Land Institute. He also serves as the Treasurer of the Princeton Club of Southern California.

LANGUAGES:

Mr. Sanchez is fluent in English and Spanish.

RELEVANT EXPERIENCE:

Samples of relevant projects are summarized below:
• County of Tulare (Countywide Market Study)
• City of Aliso Viejo (Economic Development Plan, Retail Recruitment) • City of Artesia (Economic Development Strategic Plan; Hotel Market Demand Analysis) • City of Banning (Comprehensive Economic Development Strategy [CEDS]) • City of Buellton (Downtown Revitalization; Specific Plan with Development Opportunity Reserve (D.O.R.)®) • City of Clovis (Retail / Land Use Market Study, Mall Reimagination) • City of Delano (Demographic and Market Demand Analysis for General Plan Update, [sub to QK]) • City of El Monte (Economic Development Opportunities Plan) • City of Folsom (Economic Development Strategic Plan)
• City of Norwalk (Economic Development Opportunities Plan / Ongoing Economic Development Advisory Services) • City of Santa Barbara (Retail Market and Economic Development Strategy; State Street Downtown Revitalization) • City of Santa Fe Springs (Economic Development Opportunities Plan / General Plan Update [sub to MIG]) • City of Stanton (Economic Development Strategy)
• City of Thousand Oaks (Economic Development Specific Plan) • City of Turlock (Economic Development Strategic Plan) • City of Watsonville (Economic Development Strategic Plan / EIFD Evaluation) Project Role:

Project Manager
Years with Firm: 10+
Years of Experience: 11+
Education:
- Master of City Planning,
Univ. of Pennsylvania,
(focus: public and private
real estate development)
- Bachelor of Arts,
Princeton University

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
Fernando Sanchez Vice President
10 CITY OF TULARE
Economic Development Strategic Plan
SECTION 2.

MEET THE TEAM
Mr. Thomas Jirovsky is a Senior Advisor with Kosmont Companies providing real estate development feasibility, fiscal and economic impact, and economic development and asset management strategies to public agencies, landowners and developers. Prior to joining Kosmont, he was a former Senior Managing Director of CBRE Consulting’s Los Angeles office, overseeing the national land use economics practice.

Through his 35+ year career he specialized in urban and suburban mixed-use development, market studies, pro forma analysis, land secured financing strategies, asset management, and public/private partnerships (“P3”) for small urban infill projects to large residential/commercial projects.

With a degree in both architecture and MBA finance, and experience in the development industry, he brings special expertise in understanding the challenges and opportunities facing residential and commercial development. He has managed hundreds of development feasibility studies for clients in small towns to large urban areas. Some recent assignments included HBU market studies in support of development strategies for Anaheim, Pacifica, Capitola, Eastvale, Thousand Oaks, Agoura Hills, San Dimas, Santa Barbara, St. Helena, Folsom, and Watsonville He has assisted a wide range of public agencies throughout California in evaluating hotel, retail, industrial and residential development projects, infrastructure financing and in negotiation of development agreements.

LICENSES/AFFILIATIONS:

Mr. Jirovsky is a LEED Accredited Professional and a member of the Innovating Commerce Serving Communities (ICSC) (formerly International Council of Shopping Centers) and Urban Land Institute (ULI).

Project Role:

Strategic Project Input
Years with Firm: 15+
Years of Experience: 35+
Education:
- B.S. in Architecture,
University of Southern
California with honors
- MBA in Finance,
University of Southern
CA

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
RELEVANT EXPERIENCE:

A few of his more recent projects are summarized below:
• City of Pacifica - Project Manager for Economic Opportunities Study • City of St. Helena - Project Manager for Asset Strategy/ Downtown Hotel RFQ/P • City of Watsonville - Project Manager for Economic Development Strategy • City of Capitola - Project Manager for Hotel Feasibility Study • City of Eastvale - Project Manager for Downtown Master Plan Feasibility, Chandler Plan Area HBU study • City of Placentia - Project Manager for Chapman Corridor Development Opportunities • City of Indian Wells - Project Manager for Hotel Feasibility and incentive Analysis • City of Folsom - Project Manager for Economic Development Strategic Plan • City of Placentia - Project Manager for Chapman Ave Corridor Specific Plan • City of El Segundo - Project Manager for Community Benefit Study for Smoky Hollow Specific Plan projects • City of Inglewood - Advisor on Market Analysis for General Plan Update • Majestic Realty - Project Manager for Paso Robles Airport Master Plan Economic Study Thomas Jirovsky Senior Advisor
11 CITY OF TULARE
Economic Development Strategic Plan
SECTION 2.

MEET THE TEAM
Ms. Lily Schenk is a Project Analyst with Kosmont Companies, providing support to senior personal through GIS mapping, financial analysis, project due diligence, analysis, and regulatory review.

Ms. Schenk’s background is in land development, geospatial, and cartography. Prior to joining Kosmont, she studied urban planning and construction management, and economic development at Arizona State University. Her thesis was on the impact of Opportunity Zones. Ms. Schenk’s experience includes stakeholder outreach, feasibility studies, market analyses, and land development.

LICENSES/AFFILIATIONS:

Ms. Schenk is a member of ICSC and the Urban Land Institute. She also holds an Arizona Real Estate License.

RELEVANT EXPERIENCE:
• City of Montebello (Demographic and Market Analysis for Special Plan) • City of Orange (Market Analysis)
• City of Palmdale (Economic Developmentstrategy)
• City of Yreka (Financing District Strategy)
• City of Thousand Palms(Financing District Strategy)
Years with Firm: <1
Years of Experience: 1
Education:

BSP Urban Planning,
Arizona State University

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
Lily Schenk Project Analyst
12 CITY OF TULARE
Economic Development Strategic Plan
SECTION 2.

MEET THE TEAM
SECTION 3.

RELEVANT PROJECTS
& REFERENCES

CITY OF TULARE
Economic Development Strategic Plan
The City of Norwalk contracted Kosmont Companies to
develop a comprehensive Economic Development
Opportunities Plan (“EDOP”) for the City. Kosmont
utilized the existing City General Plan, interviews with City Council members, previous studies and reports and
conducted research to provide a current description of
the local and regional market, economic, demographic,
and employment findings.

Kosmont evaluated market supply and demand
conditions for various development types (retail,
entertainment district, and hotel). Analyses included
retail sales leakage/capture and a Strengths, Weaknesses, Opportunities, and Threats (“SWOT”) analysis to evaluate economic development potential for 10 identified economic nodes.

Additionally, Kosmont solicited site visits with business prospects/developers, conducted public workshops, and prepared opportunity site marketing materials, and represented the City at various ICSC and related real estate conferences. The first iteration of the EDOP was adopted by the Norwalk City Council on October 2, 2018.

Kosmont assisted with developer collaboration and public private project implementation.

Kosmont continues to work with the City to assess economic development tools and funding sources to implement projects at key economic nodes identified in the EDOP including City owned real estate assets / opportunities programmed for future development. Kosmont assisted the City with implementation services and updating the EDOP. The updated EDOP was presented to Norwalk City Council in the Fall of 2023.

Kosmont Client: CITY OF NORWALK, 12700 NORWALK BLVD, NORWALK, CA 90650 Contact/Reference: Jesus Gomez, City Manager / (562) 929-5944 / [email protected] [ See Letter of Rec. ] Project Dates: 03/2018 – current advisor Contract Amount: $85,000 (average per year since 2018) Kosmont Team: Ken K. Hira, Fernando Sanchez Sample Work: Kosmont - Norwalk EDOP - Adopted 10/23 CITY OF NORWALK: Economic Development Opportunities Plan 13 RELEVANT PROJECTS & REFERENCES
Kosmont has 39 years of public and private sector experience and in-depth expertise in economic development, real estate market studies, public private project development, fiscal / economic impact, and public municipal finance services to support our client needs. We have guided the development of more than 1,000 public-private projects.

Kosmont continuesto serve numerous clients after initial assignments on an on-going and long-term basis.

Kosmont currently provides advisory services to help numerous city and county clients across California, navigate, and implement comprehensive economic development. We have recently worked with or are actively engaged in projects for various Central California municipal clients including the cities of Clovis, Delano, Fresno, Hanford, Lindsay, Mendota, Modesto, Sanger, Turlock, and counties of Kings County and Tulare to name a few. Therefore, Kosmont is well-acquainted with the local and regional economic landscape.

This deep understanding of the area positions us to mobilize quickly and deliver substantial value across assignments.

We will leverage our team’s local expertise to meet project goals effectively. The projects below and those on the following pages along with corresponding references provide a brief snapshot of Kosmont’s extensive experience, capabilities, and broad range of services we offer.

SECTION 3. RELEVANT

PROJECTS & REFERENCES

CITY OF TULARE
Economic Development Strategic Plan

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com

LETTER OF RECOMMENDATION
14 SECTION 3. RELEVANT

PROJECTS & REFERENCES

CITY OF TULARE
Economic Development Strategic Plan

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
The City of San Rafael is a bayfront community north of San Francisco that is the economic hub of Marin County.

Following loss of Redevelopment, the City has had to use new sales/use tax measures to generate sufficient funds for General fund operations.

To assist in achieving long term financial stability, the City retained Kosmont Companies to do the first Economic Development Strategic Plan (EDSP) that reviewed City General Plan and Downtown Precise Plan and did in depth real estate analysis of residential, commercial and industrial uses in several different submarket areas (Downtown, Northgate Mall, and the Canal Area). Kosmont also evaluated citywide economic conditions to determine strategies that enhance economic development to revitalize areas and increase General Fund tax revenues. The scope of work included significant stakeholder interviews and broad business and community outreach, including web-based surveys. The EDSP was presented and accepted by City Council on May 15, 2023. Kosmont continues to serve the City on special district implementation.

Kosmont Client: CITY OF SAN RAFAEL, 1400 FIFTH AVENUE, SAN RAFAEL, CA 94901 Contact Person: Micah Hinkle, Director Economic Development & Innovation (415) 485-4860 / [email protected] [ See following Letter of Recommendation ] Project Dates: 07/2022 – current advisor Contract Amount: ~$150,000 (EDSP) Kosmont Team: Ken K. Hira, Thomas Jirovsky Sample Work: Kosmont - City of San Rafael EDSP 2023 15 CITY OF SAN RAFAEL: Economic Development Strategic Plan SECTION 3. RELEVANT

PROJECTS & REFERENCES

CITY OF TULARE
Economic Development Strategic Plan

LETTER OF RECOMMENDATION
16 SECTION 3. RELEVANT

PROJECTS & REFERENCES

CITY OF TULARE
Economic Development Strategic Plan
Kosmont Client: City of Delano
Contact Person: QK, 901 E. MAIN ST. VISALIA, CA 93292
Steve Brandt, AICP, Principal Planner / (559) 733-0440 / [email protected] Project Dates: 2/2020 – 3/2021 Contract Amount: $75,000 Kosmont Team: Ken K. Hira, Fernando Sanchez

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
Kosmont was a sub to QK on the City of Delano’s General Plan Update. Kosmont assisted QK by preparing a Market Analysis in support of the General Plan Update. The Market Analysis included an examination of economic and demographic trends; an evaluation of market demand for various land use types (retail, office, industrial, and multifamily residential); and an identification and analysis of strengths, weaknesses, opportunities, and threats (SWOT analysis) of development opportunity sites. Kosmont also provided economic development tools and strategies the City could utilize to attract and optimize development opportunities that met the City’s goals and objectives.

CITY OF DELANO (sub to QK): General Plan Update–Market Analysis / Opportunity Site Eval.

SECTION 3. RELEVANT

PROJECTS & REFERENCES

CITY OF TULARE
Economic Development Strategic Plan
17 SECTION 4.

SCOPE OF WORK

CITY OF TULARE
Economic Development Strategic Plan

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
18 PROJECT UNDERSTANDING
The Kosmont team understands the City is looking for a qualified consulting firm with expertise in economic development to undertake a comprehensive analysis and strategic action planning effort for the City. Our approach to developing the EDSP includes analyzing the demographic, economic, and market landscape for various land uses; listening to the needs and aspirations of business owners, community organizations, residents, and other key stakeholders; providing strategies that will help achieve the City’s economic development goals, including stimulating economic growth, attracting and retaining businesses, and promoting job creation; and assisting the City in implementing policy reforms, zoning changes, incentives, and other measures to support economic development objectives and streamline development.

Kosmont has outlined the following proposed scope of work to provide the City with an EDSP that enables the City to achieve its economic development goals.

Approach to Tasks: The prospective assignment and consulting services that Kosmont will provide will be of a relatively limited scope and duration, and advisory in nature. Kosmont will be making recommendations only, which advise the Client and jurisdictions, including its elected officials, appointed officials and staff, which they can accept or reject. None of Kosmont's staff will act in a capacity as an elected official, nor appointed official, nor as staff, nor as serving in a "designated" position.

TASK 1: Kickoff Meeting
Kosmont will conduct an in-person kickoff meeting with City staff to initiate the EDSP. The kickoff meeting will accomplish the following: discuss the scope of work provided by Consultant, outline project expectations and deliverables, gather and review at a high-level existing relevant documents (e.g., previous economic development studies, Downtown Master Plan, zoning maps, market studies), establish appropriate communication and reporting protocols, and address questions, opportunities, constraints, and objectives related to economic development in the City.

During the kickoff meeting, Kosmont will participate in a tour of the City to better understand existing uses, surrounding land use patterns, limitations that may exist for attracting new development, stakeholder sentiments, as well as create a list of up to four (4) key targeted economic development opportunity sites / focus areas, such as Downtown and areas along Hwy 99. Emphasis will be given to sites / areas with City-owned and vacant properties that may be suitable for future development (City-owned properties may be subject to Surplus Land Act).

During Kosmont’s in-person visit, Consultant will also conduct a meeting with key stakeholder groups (identified with the City prior to visit) to glean insights regarding economic development goals and strengths and challenges to economic development in the City.

SCOPE OF WORK

CITY OF TULARE
Economic Development Strategic Plan
SECTION 4.

SCOPE OF WORK

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
19 TASK 2: Citywide Economic Analysis
Consultant construct the EDSP by preparing a Demographic and Economic Profile of the City, illustrating trends across different social and economic characteristics, including population, age, race/ethnicity, top employment sectors, household incomes, housing preferences, educational attainment, commute patterns, resident/employee concentrations, daytime populations, and other metrics within specific geographic boundaries (e.g., City limits, radii, drive times, trade area), as deemed relevant. Findings will be assembled in PowerPoint presentation format.

TASK 3: Market Study
Consultant will prepare a Market Demand Analysis to examine the existing demand for various land use typologies in the City (retail, office, industrial / flex, multifamily residential) and to assess major market parameters and constraints. Kosmont will outline the current regional land use trends and evaluating current market conditions and short/long-range potential for these land uses. Kosmont will gather current and historical (up to 10 years) of data for variables including asset inventory, vacancy, lease rates, market absorption rates, land values, new construction, and other relevant real estate data, as appropriate to evaluate opportunities, constraints, and demand for these land uses in the City. Market Study will inform the EDSP.

Kosmont will analyze the four (4) identified economic development opportunity sites / focus areas outlined in Task 1 and determine, with cooperation from City staff, if certain areas should be modified or adjusted with certain emphasis and/or require additional evaluation. Once the economic development opportunity sites / focus areas are finalized, Kosmont will conduct a high-level Strengths, Weaknesses, Opportunities, and Threats (“SWOT”) Analysis for each area to evaluate development potential and determine which areas should be prioritized for future development. Kosmont will provide a high-level timeline for the identified opportunity sites. Findings will be assembled in PowerPoint presentation format.

TASK 4: Community Engagement
Kosmont will lead up to four (4) community engagement meetings to solicit comments from key businesses, stakeholders/Councilmembers, and community partners. The goal of these meetings will be to present findings and gain insights into the strengths and challenges towards economic development in the City.

The first meeting will be conducted in person the same day as the kickoff meeting. This meeting will be used to gain preliminary insights from the community, gain an overview of the City’s economic development goals and objectives, and define the tasks involved in creating the EDSP. The second and third meetings will occur virtually via the Microsoft Teams or Zoom teleconference platforms. The second meeting will review research gathered and the inventory of development opportunity sites / focus areas, while the third meeting will share a draft of the analyses and solicit comments from the community. Comments from the stakeholders will assist in shaping the Plan and assessing the best economic development tools the City may use in the future to achieve its goals. The fourth and final meeting will be the presentation of the final EDSP document to City Council for adoption.

CITY OF TULARE
Economic Development Strategic Plan
SECTION 4.

SCOPE OF WORK

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
20 TASK 5: Economic Development Strategic Plan
Based on the results of Tasks 1 through 4, Kosmont will prepare a comprehensive draft of the EDSP that will outline goals and specific strategies and initiatives the City may implement to achieve its goals of stimulating economic growth, attracting and retaining businesses, and promoting job creation. The Plan will include a roadmap of shortterm (1-3 years), medium-term (3-5 years), and long-term (5-10 years) goals, strategies, and action items to be considered.

Consultant will identify potential funding mechanisms / development incentives and economic development tools (e.g., Development Opportunity Reserve [D.O.R.®], Enhanced Infrastructure Financing Districts, Sales Tax Assessment Revenue [STAR*®]) to attract development that achieves the City’s goals. The Plan will also provide specific recommendations regarding next steps and the priority of implementation measures. It will provide recommendations for policy reforms, zoning changes, development streamlining initiatives, business-friendly incentives, and other regulatory measures, as appropriate, that would support economic development objectives.

The EDSP will be produced in PowerPoint presentation format, and a draft will be presented to City staff for review.

TASK 6: Final EDSP Report and City Council Presentation Following submitting the draft EDSP, Kosmont will go through one (1) round of edits with City staff prior to submitting the final EDSP document. Once finalized, Consultant will present the Plan findings in-person at a City Council meeting for adoption. This final City Council meeting would be open to community stakeholders and serve as the fourth community engagement meeting during the EDSP process.

OPTIONAL TASK 7: Industry Cluster Analysis(Recommended) The City is interested in better understanding the types of agricultural and agricultural-related businesses that are operating and those that might be missing within the local economy. To further supplement the findings from the Citywide Economic Analysis in Task 2, Kosmont suggests conducting a Location Quotient (“LQ”) Analysis. The LQ Analysis assesses a region’s specialization in an industry and can be used to compare Tulare’s share of employment in an industry to the shares in a larger geography (e.g., County or State). If the LQ is greater than one, then the City would have a higher concentration of employment in that specific industry sector and thus have a regional specialization. This analysis, which uses the North American Industry Classification System (NAICS) codes to define industries, demonstrates whether or not the City has a regional specialization within certain industries. Data gathered from this analysis may assist in determining the types of industries to attract to the City.

OPTIONAL TASK 8: Retailer Metrics (Recommended)
Kosmont can measure visitation trends to/from specific retailers or the City as a whole using anonymized mobile app data (powered by Placer.ai). This data provides tremendous insights into consumer preferences, store performance, demographics of visitors, residents, and employees, along with retail leakage and retailer voids. The retail void and match analysis allows Kosmont to assist the City in determining whether a retailer would be a good fit in the City based on demographics, trade area size, cannibalization (from similar retailers in the area), retailer expansion, and the size of the prospective site.

CITY OF TULARE
Economic Development Strategic Plan
SECTION 4.

SCOPE OF WORK

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
21 PROJECT SCHEDULE

CITY OF TULARE
Economic Development Strategic Plan
SECTION 4.

SCOPE OF WORK
2025
OCT. NOV. DEC.
2026
JAN. FEB. MAR. APR.
1 Kickoff Meeting
2 Citywide Economic Analysis
3 Market Study
4 Community Engagement
5 Economic Development Strategic Plan
6 Final EDSP Report and City Council Presentation
7 OPTIONAL: Industry Cluster Analysis
8 OPTIONAL: Retailer Metrics
TASKS

DATES / MILESTONES
1 Kickoff Meeting In-person kickoff meeting and first community engagement meeting will occur in October 2025
2 Citywide Economic Analysis To be completed by November 2025 3 Market Study To be completed by December 2025
4 Community Engagement
Second community engagement meeeting to occur during Market Study process in December 2025. Third meeting to occur during EDSP development in February 2026.
5 Economic Development Strategic Plan Draft EDSP report to be submitted to City staff in February 2026 6 Final EDSP Report and City Council Presentation Review process to occur March 2026. Presentation of final report to City Council for adoption to occur April 2026.
7 OPTIONAL: Industry Cluster Analysis To be completed with Citywide Economic Analysis in November 2025.
8 OPTIONAL: Retailer Metrics To be completed with Market Study in December 2025.

TASKS
SECTION 5.

FEE / RATE SCHEDULE

CITY OF TULARE
Economic Development Strategic Plan

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
22 FEE BREAKDOWN
The proposed cost breakdown for Task 1-8 is shown below. Tasks 1-6 will not exceed $50,000. Costs are based on Kosmont professional services fees (hourly) rate sheet found on the following page. Note: Time, duties, and budgets may be re-allocated between tasks and personnel as deemed appropriate by Kosmont in order to adequately provide services and to remain on schedule.

CITY OF TULARE
Economic Development Strategic Plan
SECTION 5.

FEE / RATE SCHEDULE
Ken K. HiraPresidentThomas JirovskySenior AdvisorFernando Sanchez Vice PresidentLily SchenkProject Analyst $425 $395 $295 $195
Tasks
1 Kickoff Meeting 1 6 6 3 $5,150
2 Citywide Economic Analysis 1 3 11 16 $7,975
3 Market Study 1 3 14 19 $9,445
4 Community Engagement 2 4 7 8 $6,055
5 Economic Development Strategic Plan 2 10 17 20 $13,715 6 Final EDSP Report and City Council Presentation 1 3 8 6 $5,140 7 OPTIONAL: Industry Cluter Analysis 1 2 7 8 $4,840
8 OPTIONAL: Retailer Metrics 1 2 8 8 $5,135
$2,500
$49,980
$59,955
Kosmont Budget:

City of Tulare
EDSP

KOSMONT COMPANIES
Subtotal
Reimbursable Expenses (travel and data expenses)
Total Project Budget (INCLUDING OPTIONAL TASKS)
Total Project Budget (EXCLUDING OPTIONAL TASKS)

KOSMONT COMPANIES
1601 N. Sepulveda Blvd., #382 I Manhattan Beach, CA 90266 I 424.297.1070 www.kosmont.com
23 Professional Services
President $425.00 / hour
Sr. Vice President/Sr. Advisor/Sr. Managing Director $395.00 / hour Vice President/Project Advisor $295.00 / hour
Senior Project Analyst $205.00 / hour
Project Analyst/Project Research $195.00 / hour
Assistant Project Analyst/Assistant Project Manager $165.00 / hour Project Promotion/Graphics/GIS Mapping Services $ 95.00 / hour Clerical Support $ 80.00 / hour
Additional Expenses
In addition to professionalservices (labor fees):
1) An administrative fee for in-house copy, fax, phone, postage costs, digital/technological support and related administrative expenses will be charged, which will be computed at four percent (4.0 %) of monthly Kosmont Companies professionalservice fees incurred; plus
2) Out-of-pocket expenditures, such as travel and mileage, professional printing, and delivery charges for messenger and overnight packages will be charged at cost. 3) Project/Market data sources for support of evaluation and analysis e.g., ESRI, CoStar/STR, Placer.ai, IMPLAN, ParcelQuest and other based on quoted project cost.
4) If Kosmont retains Third Party Vendor(s) for Client (with Client’s advance approval), fees and cost will be billed to Client at 1.1X (times) fees and costs.
5) Consultant’s attendance or participation at any public meeting, whether such participation is in person, digital, video and/or telephonic (e.g., City Council, Planning Commission, Public Agency Board, other) requested by Client and are beyond those specifically identified in the Scope of Work will be billed at the professionalservices (hourly) fees as shown on this rate sheet.

Charges for Court/Deposition/Expert Witness-Related Appearances Court-related (non-preparation) activities, such as court appearances, depositions, mediation, arbitration, dispute resolution and other expert witness activities, will be charged at a court rate of 1.5 times scheduled rates, with a 4-hour minimum.

Rates Effective until December 31, 2025. For and during the term of the subject Agreement, the above referenced rates in each category will be increased, effective January 1, 2026, and annually thereafter, to reflect the adjustment in the CPI (U.S. Dept. of Labor, Bureau of Labor Statistics) All Cities Average Consumer Price Index for the prior year. As an example, the US City Average Consumer Price Index (CPI-U) for January 2025 was 317.671, representing a change of 3.0 percent over the index for January 2024.

HOURLY RATE SCHEDULE

CITY OF TULARE
Economic Development Strategic Plan
SECTION 5.

FEE / RATE SCHEDULE

REQUEST FOR PROPOSALS

ECONOMIC DEVELOPMENT

STRATEGIC PLAN
RFP 26-823
Date Issued: August 4, 2025
Due: September 5, 2025, 4:00 pm
www.tulare.ca.gov
Request for Proposals
Economic Development Strategic Plan Page 2
I. INVITATION
The City of Tulare has entered a new era with the objective of revitalizing our Downtown and seek out new commercial development along Hwy 99. Therefore, the City is seeking proposals from qualified firms to further this goal by identifying its regional advantages and developing an Economic Development Strategic Plan.

The Economic Development Strategic Plan will outline strategic actions and best practices for achieving Tulare’s vision. This will be a Plan that will be implemented by staff immediately to capitalize on potential opportunities. It will be a significant tool and not be simply shelved and forgotten.

The selected firm will work closely with the Economic Development Department staff and the City Manager to develop a clear action plan for implementation.

Sealed proposals, including one (1) original bound Proposal and a portable document format (PDF) file of the Proposal saved on a USB flash drive, must be received by the Chief Deputy City Clerk no later than 4:00 pm on September 5, 2025, unless this time is extended by written addendum issued by the City before that date. Late proposals will not be accepted, and postmarks will not be accepted as the submitted date. Proposals should be addressed as follows:

Attn: Melissa Hermann
Chief Deputy City Clerk
City of Tulare
411 East Kern Avenue
Tulare, CA 93274
The proposal is to be submitted with the name of the Applicant and RFP title clearly marked on the proposal.

Request for Proposals
Economic Development Strategic Plan Page 3
Any questions with regard to submission, process, or proposal can be emailed to:

Jennifer Gomez, Executive Director of Economic Development & Redevelopment @ [email protected]
II. BACKGROUND OF THE CITY
Incorporated on April 5, 1888, Tulare, California, is located in the San Joaquin Valley region of California, approximately forty-five miles south of Fresno and sixty miles north of Bakersfield. Our mid-state location benefits businesses needing same-day access to key California markets as well as travelers seeking recreational activities in the nearby Sierra Nevada Mountains and other destinations throughout California.

Tulare has been identified as one of the 10 fastest growing cities with a population over 30,000 in California and currently has a population of approximately 72,000 residents. In 2022, Tulare County was the country’s number one agricultural producer beating out Fresno and Kern Counties.

The City has been proactive in recent years to spur economic development by adopting a Downtown Master Plan (Economic Development Projects | City of Tulare), offering downtown rehab grants, opening the Tulare Business Innovation Zone as a business accelerator, conducting studies for the creation of an entertainment district and business park, review possible annexations, analysis of current land uses, and constructing a new interchange near the world renowned International Agri-Center.

III. SCOPE OF WORK
The City of Tulare is soliciting proposals from qualified consulting firms with specialized Request for Proposals
Economic Development Strategic Plan Page 4
expertise in economic development, urban planning, and commercial real estate to undertake a comprehensive analysis and strategic action planning effort for the city as a whole. The scope of work encompasses the following tasks:

1. Citywide Economic Analysis:
• Conduct an in-depth assessment of Tulare’s current economic landscape, including but not limited to key sectors, employment trends, demographic profiles, and business climate indicators.

2. Market Study:
• Undertake a detailed market study to identify opportunities for growth and investment.
• Analysis to include, but no limited to, market leakage, demographic profile, unemployment rate
• Identify potential markets for city-owned or vacant commercial properties

3. Strategic Action Plan Development:
• Develop a comprehensive economic development action plan for 1-3 years, 3-5 years, and 5-10 years
• Outline clear goals, and specific strategies and initiatives that the City can implement aimed at stimulating economic growth, attracting new businesses, retaining existing enterprises, and promoting job creation.

4. Community Engagement:
• Facilitate engagement with residents, business owners, community organizations, and other stakeholders to ensure the action plan reflects the diverse needs and aspirations of the Tulare community.
• Utilize various outreach methods including public meetings and surveys.

5. Policy Recommendations:
• Provide recommendations for policy reforms, zoning changes, incentives, and other regulatory measures to support economic development objectives. • Provide suggestions to streamline the development process and enhance a business-friendly environment.

6. Industry Cluster Analysis (OPTIONAL ADD ON):
• With a strong agricultural economy, the City is looking for opportunities to attract manufacturers and suppliers to support this industry.

Request for Proposals
Economic Development Strategic Plan Page 5

7. Retailer Metrics (OPTIONAL ADD ON):
• Ability to provide retailer metrics to the City.

IV. PROPOSAL REQUIREMENTS
At a minimum, the proposal should contain the information outlined herein. Additional information that the applicant deems relevant to the selection process may be included; however, concise and focused submittals are strongly encouraged. By submitting a proposal, and unless otherwise stated, it is understood that the Consultant has reviewed the relevant information, and that based on that review, the Consultant has developed an informed understanding of the projected scope of work and has satisfied itself with the applicable conditions and requirements expressed in those documents. The proposal shall be signed by an individual or individuals authorized to execute legal documents on behalf of the Firm.
• Cover Letter: Summarize the consultant’s interests and qualifications, understanding of the project, pertinent areas of expertise, and the individual or individuals responsible for the work to be performed.
• Consultant Background: Include information regarding the key person(s) involved, detailing areas of expertise and past experience performing similar work, the firm’s office location(s), and staffing, including assignments and sub-consultants (if any). • Proposed Approach: Summary of the proposed approach to the work involved.

Although in summary form, the proposed approach should be sufficiently detailed and organized so that, if the consultant team is selected by the City, it can be easily converted to a contractual scope of services.
• Individual Qualifications and Experience: Provide resumes for each key staff member. Provide up to three examples of recent projects completed (or ongoing) by the proposed project team (staff members, sub-consultants, and public agencies). For each relevant project: 1) indicate the Consultant’s role and the staff members who were responsible for the cited project work; 2) provide a brief description of the contract scope of work; 3) state the contract amount and completion date; and 4) include the name, title and phone number of a client as a reference.
• Schedule: Proposals should present an overall project schedule showing milestones,deliverable dates, and the duration of each phase. • Fee Schedule: Submit a schedule of fees including a not-to-exceed and schedule of hourly rates or comparable costs to complete the project.

V. ANTICIPATED SCHEDULE
The anticipated timeline for evaluating and selecting proposals is identified below. The Request for Proposals
Economic Development Strategic Plan Page 6
City reserves the right to alter the schedule as needed.

Issuance of RFP August 4, 2025
Deadline for Questions August 18, 2025
City Responses to Questions August 22, 2025
Proposals Due September 5, 2025
City Review of Proposals Week of September 8-12, 2025
Finalist Interviews (optional) Week of September 15-19, 2025 City Council Award of Contract October 7, 2025
VI. EVALUATION CRITERIA & SELECTION PROCESS
The City of Tulare will evaluate proposals based on several criteria, including the completeness of the submittal, relevant experience of the consultant, understanding of the project’s scope and goals, proposed methodology and approach, availability of resources, proposed timeline, and cost. While cost will be considered, the contract will be awarded to the firm that best meets the proposed needs at a reasonable price, which may not necessarily be the lowest cost.

Submitted proposals will be reviewed by an Evaluation Committee made up of representatives of the City. The Committee shall reserve the right to submit follow-up questions or inquiries to request clarification of information submitted and to request additional information from any one (1) or more of the Consultants. The selection committee shall score finalists on a 100-point scale based on the following criteria:

CRITERIA MAXIMUM POINTS
Expertise, Experience & Training – Expertise and experience of the Consultant and the key personnel assigned to the project including past work on similar projects of equal complexity and the capacity in which the proposed key staff were involved. 35 Project Approach – Consultant’s understanding of the Scope of Work, ability to begin and complete the proposed project in a timely manner and provide a unique and creative approach specific to Tulare in meeting the City’s goals and objectives. 35 Fee/Rate Schedule – Ability of Consultant to meet or exceed the requested needs of the City at a fair and reasonable fee schedule that is competitive with industry standards and provides the best overarching value.
20 Request for Proposals
Economic Development Strategic Plan Page 7
References – Consultant’s experience working with
municipalities, client feedback on quality of service,
comprehensiveness of reports, and overall support. 10
TOTAL POINTS 100
If deemed necessary, the City may ask a short list of finalists to present their proposals in an interview before final selection. The City reserves the right to reject any proposal for any reason without cause, terminate negotiations with any Consultant, may choose to suspend this solicitation, issue a new solicitation that would supersede and replace this solicitation, or to abandon the solicitation process in its entirety.

VII. CONTRACT CONDITIONS
The selected Consultant will be required to sign a standard City agreement and maintain required insurance coverage per City policy. A sample agreement is attached for reference.

REQUEST FOR PROPOSALS

ECONOMIC DEVELOPMENT STRATEGIC PLAN
RFP 26-823
ADDENDUM #1

1. Does the City have a budget for the services requested? $50,000 is the estimated budget.

2. Does the City of Tulare have an anticipated end date for the services requested? Up to 1 year.

3. Can proposals be submitted electronically instead of mailing? Alternatively, to proposals being mailed to the Chief Deputy City Clerk’s office, proposals may be submitted electronically to Jennifer Gomez, Executive Director of Economic Development & Redevelopment at [email protected]. All proposals, whether mailed or electronic, must be received no later than 4:00 p.m. on September 5, 2025.

REQUEST FOR PROPOSALS

ECONOMIC DEVELOPMENT STRATEGIC PLAN
RFP 26-823
ADDENDUM #2

1. Should the Plan evaluate the Downtown in addition to, or as part of, the city as a whole?
Response: The Downtown would be included with the City as a whole, and not a separate evaluation.

2. What land use types should be evaluated as opportunities for growth and investment?
Response: All commercial and industrial types. The City believes that we are well suited for large warehousing and logistics type businesses being that we are in the middle of the state, situated on Hwy 99 which is being widened, along the Union Pacific Rail Road main line, and have affordable land and labor available.

3. Does the City have a current inventory of City-owned and vacant properties (ranked or prioritized), or will the selected consultant be expected to develop this list? Response: The City does not have a comprehensive list of these properties and will work with the consultant to develop.

4. Does the City welcome both in-person and virtual community engagement (e.g., virtual stakeholder interviews)?
Response: Yes, the City can be flexible with either in-person or virtual meetings depending on the consultant’s location.

5. Does the task pertain to an assessment of existing retailers, site selection criteria of prospective retailers, or both?
Response: This is for site selection criteria of prospective retailers.

6. The Scope of Work identifies 2 “Optional Add On” items. • Industry Cluster Analysis – With a strong agricultural economy, the City is looking for opportunities to attract manufacturers and suppliers to support this industry.
• Retailer Metrics – Ability to provide retailer metrics to the City.

The description of these 2 “Optional Add On” items is quite broad. Can you elaborate with more detail as to what you expect from the scope of work and deliverables for these items.

Response: Industry Cluster Analysis. The City is interested in better understanding what types of agricultural and agricultural related businesses are currently operating within our local economy, what type of related businesses are missing and could be well suited to pursue, and if there are certain agricultural related business clusters that exist that could be expanded in the future and leveraged to grow our local economy. For example, if there are a number of existing businesses that are needing materials, supplies, products, etc. that are currently being supplied from businesses located outside the region, would it make sense for the City to recruit that industry to help reduce production and shipping costs thereby making both businesses more profitable. The City assumes the consultant would utilize the NAICS code to determine existing and potential missing businesses.

Response: Retailer Metrics. It would be beneficial to work with a firm that has the ability to identify a retailer’s site selection criteria, so the City can determine if they would be a fit in our market or not as part of our recruitment efforts.

7. Addendum #1 response indicated that the estimated budget for the project is $50,000. Does this budget include the “Optional Add On” items? If not, is there an anticipated budget for those items.

Response: The City understands that the Optional Add On items may exceed the current $50,000 budget, but a specific budget for these other services have not been determined and could be subject to the proposals received.

8. Must the City of Tulare Business Tax Certificate be secured before the contract is awarded?
Response: This can be acquired as soon as the contract is awarded.

9. What datasets will the City furnish (e.g., business license records, sales tax data, building permits, vacancies, GIS parcels/zoning, infrastructure capacities, incentive inventories, prior market studies)?
Response: The City will work with the consultant to provide any data that is available.

10. How many public meetings, stakeholder interviews, focus groups, and briefings should we budget for, and which audiences are priorities (e.g., small businesses, property owners, downtown groups, ag/manufacturing, workforce/education partners)?
Response: 4 meetings. One to start the process (i.e. introduction, define the task, initial input); Second to review the research and inventory; Third to share the preliminary results; Fourth to present the final document to the City Council for adoption. All of these audiences should be invited to attend the meetings.

11. How many briefings/presentations are expected (staff, executive team, Council/Commission), and should in-person adoption be included? Response: The number of meetings with staff has not been determined. The final presentation and adoption to the City Council should be in-person.

12. Are there specific permitting processes or timelines the City wants analyzed? Response: No.

Page 10 of 12 ends

05.01.25tg
Exhibit B – Insurance Requirements
CSJVRMA Category 1 Non-Technology Professional Services Prior to commencement of the Services, Consultant shall take out and maintain at its own expense the insurance coverage required by this Exhibit B. Consultant shall cause any subcontractor with whom Consultant contracts for the performance of Services pursuant to this Agreement to take out and maintain equivalent insurance coverage. Said insurance shall be maintained at all times during Consultant’s performance of Services under this Agreement, and for any additional period specified herein.
i. Commercial General Liability.
a. Consultant shall maintain commercial general liability insurance with coverage at least as broad as Insurance Services Office form CG 00 01, in an amount not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury, and property damage, . If a general aggregate limit applies, either the general aggregate limit shall apply separately to this project/location or the general aggregate limit shall be twice the required occurrence limit. Consultant’s general liability policies shall be primary and shall not seek contribution from the City’s coverage, and be endorsed using Insurance Services Office form CG 20 10 (or equivalent) to provide that City and its officers, officials, employees, and agents shall be additional insureds under such policies. For construction projects, an endorsement providing completed operations coverage for the additional insured, ISO form CG 20 37 (or equivalent), is also required.
b. Any failure to comply with reporting provisions of the policies by Consultant shall not affect coverage provided the City.
c. Coverage shall state that Consultant insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer’s liability. d. Coverage shall contain a waiver of subrogation in favor of the City.
ii. Business Automobile Liability. Consultant shall provide auto liability coverage for , non-owned, and hired autos using ISO Business Auto Coverage form CA 00 01 (or equivalent) with a limit of no less than one million dollars ($1,000,000) per accident. iii. Workers’ Compensation and Employers’ Liability – Statutory. Consultant shall maintain Workers’ Compensation Insurance and Employer’s Liability Insurance with limits of at least one million dollars ($1,000,000). Consultant shall submit to City, along with the certificate of insurance, a waiver of subrogation endorsement in favor of City, its officers, agents, employees, and volunteers. Proof of Worker’s Compensation is not required if Consultant provides written verification that they have no employees. iv. All Coverages.
a. It shall be a requirement under this agreement that any available insurance proceeds broader than or in excess of the specified minimum insurance coverage requirements and/or limits shall be available to the Additional Insured.

Page 11 of 12 ends

05.01.25tg
Furthermore, the requirements for coverage and limits shall be (1) the minimum coverage and limits specified in this Agreement; or (2) the broader coverage and maximum limits of coverage of any Insurance policy or proceeds available to the named insured; whichever is greater. No representation is made that the minimum insurance requirements of this agreement are sufficient to cover the obligations of the Contractor under this agreement.
b. Each insurance policy required by the agreement shall be endorsed to state that coverage shall not be suspended, voided, cancelled, or reduced in limits except after thirty (30) days' prior written notice has been given to the City, except that ten (10) days’ prior written notice shall apply in the event of cancellation for nonpayment of premium.
c. All self-insurance, self-insured retentions, and deductibles must be declared and approved by the City.
d. Evidence of Insurance - Prior to commencement of work, the Consultant shall furnish the City with certificates, additional insured endorsements, and waivers of subrogation evidencing compliance with the insurance requirements above. The Consultant must agree to provide complete, certified copies of all required insurance policies if requested by the City.
e. Acceptability of Insurers - Insurance shall be placed with insurers admitted in the State of California and with an AM Best rating of A- VII or higher. v. Ancillary Coverages.
a. Professional Liability Insurance. Contractor shall maintain professional liability insurance that insures against professional errors and omissions that may be made in performing the Services to be rendered in connection with this Agreement, in the minimum amount of two million dollars ($2,000,000) per claim and in the aggregate. Any policy inception date, continuity date, or retroactive date must be before the effective date of this agreement, and Contractor agrees to maintain continuous coverage through a period no less than three years after completion of the services required by this agreement.

Page 12 of 12 ends

The ACORD name and logo are registered marks of ACORD

CERTIFICATE HOLDER
ACORD 25 (2016/03)

AUTHORIZED REPRESENTATIVE

CANCELLATION

DATE (MM/DD/YYYY) CERTIFICATE OF LIABILITY INSURANCE
JECT LOC PRO- POLICY GEN'L AGGREGATE LIMIT APPLIES PER:

CLAIMS-MADE OCCUR

COMMERCIAL GENERAL LIABILITY
PREMISES (Ea occurrence) $ DAMAGE TO RENTED
EACH OCCURRENCE $
MED EXP (Any one person) $
PERSONAL & ADV INJURY $
GENERAL AGGREGATE $
PRODUCTS - COMP/OP AGG $
DED RETENTION $ CLAIMS-MADE OCCUR
$ AGGREGATE $ UMBRELLA LIAB EACH OCCURRENCE $ EXCESS LIAB DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) INSR

LTR TYPE OF INSURANCE POLICY NUMBER

POLICY EFF
(MM/DD/YYYY) POLICY EXP(MM/DD/YYYY) LIMITS
PER

STATUTE OTH- ER
E.L. EACH ACCIDENT E.L. DISEASE - EA EMPLOYEE
E.L. DISEASE - POLICY LIMIT
$
$
$

ANY PROPRIETOR/PARTNER/EXECUTIVE
If yes, describe under DESCRIPTION OF OPERATIONS below
(Mandatory in NH) OFFICER/MEMBER EXCLUDED? WORKERS COMPENSATION

AND EMPLOYERS' LIABILITY Y / N

AUTOMOBILE LIABILITY ANY AUTO

ALL OWNED SCHEDULED

HIRED AUTOS NON-OWNED

AUTOS AUTOS
AUTOS
COMBINED SINGLE LIMIT BODILY INJURY (Per person)
BODILY INJURY (Per accident) PROPERTY DAMAGE $$
$
$

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

INSD

ADDL WVDSUBR
N / A
$
$
(Ea accident)
(Per accident)
OTHER:

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:

INSURED
PHONE
(A/C, No, Ext): PRODUCER
E-MAIL
ADDRESS:

FAX
(A/C, No): CONTACT NAME:

NAIC #
INSURER A :

INSURER B :

INSURER C :

INSURER D :

INSURER E :

INSURER F :

INSURER(S) AFFORDING COVERAGE

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED
IN ACCORDANCE WITH THE POLICY PROVISIONS.

Acct#: 1171322 10/01/2025 LOCKTON COMPANIES, LLC 888-828-8365 3657 Briarpark Dr., Suite 700 Houston, TX 77042 Indemnity Insurance Company of North America 43575 KOSMONT & ASSOCIATES, INC. 2301 ROSECRANS AVE STE 4140 EL SEGUNDO, CA 90245-4966 A X C73919095 10/01/2025 10/01/2026
X
1000000 1000000 1000000 WAIVER OF SUBROGATION IN FAVOR OF CERTIFICATE HOLDER WHERE REQUIRED BY WRITTEN CONTRACT. 30 DAY NOTICE OF CANCELLATION APPLIES [email protected] City of Tulare Tulare CA 93274 411 East Kern Avenue WC 90 03 75 (05/18)
Workers' Compensation and Employers' Liability Policy
Named Insured Endorsement Number
Policy Number
Symbol: Number:

This endorsement changes the policy to which it is attached and is effective on the date issued unless otherwise stated.

CALIFORNIA WAIVER OF OUR RIGHT TO RECOVER FROM OTHERS ENDORSEMENT This endorsement applies only to the insurance provided by the policy because California is shown in Item 3.A. of the Information Page.

We have the right to recover our payments from anyone liable for an injury covered by this policy. We will not enforce our right against the person or organization named in the Schedule, but this waiver applies only with respect to bodily injury arising out of the operations described in the Schedule, where you are required by a written contract to obtain this waiver from us.

You must maintain payroll records accurately segregating the remuneration of your employees while engaged in the work described in the Schedule.

Schedule

1. ( X ) Specific Waiver
Name of person or organization:
( ) Blanket Waiver
Any person or organization for whom the Named Insured has agreed by written contract to furnish this waiver.

2. Operations:

3. Premium:

The premium charge for this endorsement shall be INCLUDED percent of the California premium developed on payroll in connection with work performed for the above person(s) or organization(s) arising out of the operations described.

4. Minimum Premium: INCLUDED
Authorized Agent
10/01/2025 10/01/2026 C73919095 City of Tulare 411 East Kern Avenue Tulare, CA 93274 WLR KOSMONT & ASSOCIATES, INC. EL SEGUNDO, CA 90245-4966 2301 ROSECRANS AVE STE 4140 Indemnity Insurance Company of North America 10/01/2025 Workers' Compensation and Employers' Liability Policy
Named Insured Endorsement Number
Policy Number
Symbol: Number:

Policy Period
TO
Effective Date of Endorsement
Issued By (Name of Insurance Company)
Insert the policy number. The remainder of the information is to be completed only when this endorsement is issued subsequent to the preparation of the policy. This endorsement changes the policy to which it is attached and is effective on the date issued unless otherwise stated.

NOTICE TO OTHERS ENDORSEMENT - SPECIFIC PARTIES
A. If we cancel this Policy prior to its expiration date by notice to you or the first Named insured for any reason other than nonpayment of premium, we will endeavor, as set out below, to send written notice of cancellation, via such electronic or other form of notification as we determine, to the persons or organizations listed in the schedule set out below {the "Schedule"). You or your representative must provide us with both the physical and e-mail address of such persons or organizations, and we will utilize such e-mail address or physical address that you or your representative provided to us on such Schedule.

B. We will endeavor to send or deliver such notice to the e-mail address or physical address corresponding to each person or organization indicated in the Schedule at least 30 days prior to the cancellation date applicable to the Policy.

C. The notice referenced in this endorsement is intended only to be a courtesy notification to the person(s) or organization(s) named in the Schedule in the event of a pending cancellation of coverage. We have no legal obligation of any kind to any such person(s) or organization(s). Our failure to provide advance notification of cancellation to the person(s) or organization(s) shown in the Schedule shall impose no obligation or liability of any kind upon us, our agents or representatives, will not extend any Policy cancellation date and will not negate any cancellation of the Policy.

D. We are not responsible for verifying any information provided to us in any Schedule, nor are we responsible for any incorrect information that you or your representative provide to us. If you or your representative does not provide us with the information necessary to complete the Schedule, we have no responsibility for taking any action under this endorsement. In addition, if neither you nor your representative provides us with e-mail and physical address information with respect to a particular person or organization, then we shall have no responsibility for taking action with regard to such person or entity under this endorsement.

E. We may arrange with your representative to send such notice in the event of any such cancellation.

F. You will cooperate with us in providing, or in causing your representative to provide, the e-mail address and physical address of the persons or organizations listed in the Schedule.

G. This endorsement does not apply in the event that you cancel the Policy.

SCHEDULE
Name of Certificate Holder E-Mail Address Physical Address All other terms and conditions of this Policy remain unchanged.

This endorsement is not applicable in the states of AZ, FL, ID, ME, NC, NJ, NM, TX and WI.

Authorized Representative
WC 99 03 71 (01/11) Page 1 of 1
KOSMONT & ASSOCIATES, INC. EL SEGUNDO, CA 90245-4966 2301 ROSECRANS AVE STE 4140 10/01/2025 10/01/2026 10/01/2025 C73919095 City of Tulare 411 East Kern Avenue Tulare, CA 93274 WLR Indemnity Insurance Company of North America ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED?

INSR ADDL SUBR

LTR INSD WVD
PRODUCER CONTACT NAME: PHONE FAX
(A/C, No, Ext): (A/C, No): E-MAIL ADDRESS:

INSURER A :

INSURED INSURER B :

INSURER C :

INSURER D :

INSURER E :

INSURER F :

POLICY NUMBER POLICY EFF POLICY EXP TYPE OF INSURANCE (MM/DD/YYYY) (MM/DD/YYYY) LIMITS

AUTOMOBILE LIABILITY

UMBRELLA LIAB

EXCESS LIAB WORKERS COMPENSATION

AND EMPLOYERS' LIABILITY
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

AUTHORIZED REPRESENTATIVE
EACH OCCURRENCE $ DAMAGE TO RENTED CLAIMS-MADE OCCUR PREMISES (Ea occurrence) $ MED EXP (Any one person) $
PERSONAL & ADV INJURY $ GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ PRO- POLICY JECT LOC PRODUCTS - COMP/OP AGG OTHER: $ COMBINED SINGLE LIMIT
(Ea accident) $ ANY AUTO BODILY INJURY (Per person) $ OWNED SCHEDULED AUTOS ONLY AUTOS BODILY INJURY (Per accident) $ HIRED NON-OWNED PROPERTY DAMAGE AUTOS ONLY AUTOS ONLY (Per accident) $
$ OCCUR EACH OCCURRENCE CLAIMS-MADE AGGREGATE $
DED RETENTION $ PER OTH- STATUTE ER
E.L. EACH ACCIDENT E.L. DISEASE - EA EMPLOYEE $
If yes, describe under DESCRIPTION OF OPERATIONS below E.L. DISEASE - POLICY LIMIT INSURER(S) AFFORDING COVERAGE NAIC #

COMMERCIAL GENERAL LIABILITY
Y / N
N / A
(Mandatory in NH)

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:

CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY)
$
$
$
$
$
The ACORD name and logo are registered marks of ACORD
10/1/2025
License # 0C36891
(310) 478-2625 317
30104
Kosmont & Associates, Inc.

Dba: Kosmont Companies
1601 N. Sepulveda Blvd. #382
Manhattan Beach, CA 90266
A 1,000,000
X 72SBABM5UX0 6/27/2025 6/27/2026 1,000,000
10,000
1,000,000
2,000,000
2,000,000
Business Liability General Aggre
A 1,000,000
72SBABM5UX0 6/27/2025 6/27/2026
A 3,000,000
72SBABM5UX0 6/27/2025 6/27/2026 3,000,000
10,000
Certificate holder is included as additional insured per written contract/agreement as respects to general liability- See attached blanket additional insured form SL 30 32 06 21
City of Tulare
411 East Kern Avenue
Tulare, CA 93274
KOSM&AS-01 BSTERNBERG
Lyddy Martin Company
5021 Verdugo Way
Ste. 105 #414
Camarillo, CA 93012
Brett R Sternberg
[email protected]
Hartford Underwriters Insurance Company
213
X
X
X
X X
X
X
X
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

Form SL 30 32 06 21 Page 1 of 3
© 2021, The Hartford
(May include copyrighted material of Insurance Services Office, Inc., with its permission)

BLANKET ADDITIONAL INSURED BY CONTRACT
This endorsement modifies insurance provided under the following:

BUSINESS LIABILITY COVERAGE FORM
Except as otherwise stated in this endorsement, the terms and conditions of the Policy apply.

A. The following is added to Section C. WHO IS AN INSURED:

Additional Insureds When Required By Written Contract, Written Agreement Or Permit The person(s) or organization(s) identified in Paragraphs a. through f. below are additional insureds when you have agreed, in a written contract or written agreement, or when required by a written permit issued by a state or governmental agency or subdivision or political subdivision that such person or organization be added as an additional insured on your Coverage Part, provided the injury or damage occurs subsequent to the execution of the contract or agreement, or the issuance of the permit.

A person or organization is an additional insured under this provision only for that period of time required by the contract, agreement or permit.

However, no such person or organization is an additional insured under this provision if such person or organization is included as an additional insured by any other endorsement issued by us and made a part of this Coverage Part.

The insurance afforded to such additional insured will not be broader than that which you are required by the contract, agreement, or permit to provide for such additional insured.

The insurance afforded to such additional insured only applies to the extent permitted by law.

The limits of insurance that apply to additional insureds are described in Section D. LIABILITY AND MEDICAL EXPENSES LIMITS OF INSURANCE. How this insurance applies when other insurance is available to an additional insured is described in the Other Insurance Condition in Section E. LIABILITY AND MEDICAL EXPENSES GENERAL CONDITIONS.
a. Vendors
Any person(s) or organization(s) (referred to below as vendor), but only with respect to "bodily injury" or "property damage" arising out of "your products" which are distributed or sold in the regular course of the vendor's business and only if this Coverage Part provides coverage for "bodily injury" or "property damage" included within the "products-completed operations hazard". (1) The insurance afforded to the vendor is subject to the following additional exclusions:

This insurance does not apply to:
(a) "Bodily injury" or "property damage" for which the vendor is obligated to pay damages by reason of the assumption of liability in a contract or agreement. This exclusion does not apply to liability for damages that the vendor would have in the absence of the contract or agreement; (b) Any express warranty unauthorized by you;
(c) Any physical or chemical change in the product made intentionally by the vendor; (d) Repackaging, except when unpacked solely for the purpose of inspection, demonstration, testing, or the substitution of parts under instructions from the manufacturer, and then repackaged in the original container;
(e) Any failure to make such inspections, adjustments, tests or servicing as the vendor has agreed to make or normally undertakes to make in the usual course of business, in connection with the distribution or sale of the products;
(f) Demonstration, installation, servicing or repair operations, except such operations performed at the vendor's premises in connection with the sale of the product; THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

Form SL 30 32 06 21 Page 2 of 3
© 2021, The Hartford
(May include copyrighted material of Insurance Services Office, Inc., with its permission) (g) Products which, after distribution or sale by you, have been labeled or relabeled or used as a container, part or ingredient of any other thing or substance by or for the vendor; or (h) "Bodily injury" or "property damage" arising out of the sole negligence of the vendor for its own acts or omissions or those of its employees or anyone else acting on its behalf. However, this exclusion does not apply to:
(i) The exceptions contained in Paragraphs (d) or (f); or (ii) Such inspections, adjustments, tests or servicing as the vendor has agreed to make or normally undertakes to make in the usual course of business, in connection with the distribution or sale of the products.
(2) This insurance does not apply to any insured person or organization from whom you have acquired such products, or any ingredient, part or container, entering into, accompanying or containing such products. b. Lessors Of Equipment
(1) Any person or organization from whom you lease equipment; but only with respect to their liability for "bodily injury", "property damage" or "personal and advertising injury" caused, in whole or in part, by your maintenance, operation or use of equipment leased to you by such person or organization. (2) With respect to the insurance afforded to these additional insureds, this insurance does not apply to any "occurrence" which takes place after you cease to lease that equipment. c. Lessors Of Land Or Premises
(1) Any person or organization from whom you lease land or premises, but only with respect to liability arising out of the ownership, maintenance or use of that part of the land or premises leased to you. (2) With respect to the insurance afforded to these additional insureds, this insurance does not apply to:
(a) Any "occurrence" which takes place after you cease to lease that land or be a tenant in that premises; or
(b) Structural alterations, new construction or demolition operations performed by or on behalf of such person or organization.
d. Architects, Engineers Or Surveyors
(1) Any architect, engineer, or surveyor, but only with respect to liability for "bodily injury", "property damage" or "personal and advertising injury" caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf:
(a) In connection with your premises;
(b) In the performance of your ongoing operations performed by you or on your behalf; or (c) In connection with "your work" and included within the "products-completed operations hazard", but only if:
(i) The written contract, written agreement or permit requires you to provide such coverage to such additional insured; and
(ii) This Coverage Part provides coverage for "bodily injury" or "property damage" included within the "products-completed operations hazard".
(2) With respect to the insurance afforded to these additional insureds, the following additional exclusion applies:

This insurance does not apply to "bodily injury", "property damage" or "personal and advertising injury" arising out of the rendering of or the failure to render any professional services, including:
(i) The preparing, approving, or failure to prepare or approve, maps, shop drawings, opinions, reports, surveys, field orders, change orders, designs or drawings and specifications; or (ii) Supervisory, surveying, inspection, architectural or engineering activities.

Form SL 30 32 06 21 Page 3 of 3
© 2021, The Hartford
(May include copyrighted material of Insurance Services Office, Inc., with its permission) damage”, or “personal and advertising injury” arises out of the rendering of or the failure to render any professional service.
e. State Or Governmental Agency Or Subdivision Or Political Subdivision Issuing Permit (1) Any state or governmental agency or subdivision or political subdivision, but only with respect to operations performed by you or on your behalf for which the state or governmental agency or subdivision or political subdivision has issued a permit.
(2) With respect to the insurance afforded to these additional insureds, this insurance does not apply to:
(a) "Bodily injury", "property damage" or "personal and advertising injury" arising out of operations performed for the federal government, state or municipality; or (b) "Bodily injury" or "property damage" included within the "products-completed operations hazard". f. Any Other Party
(1) Any other person or organization who is not in one of the categories or classes listed above in Paragraphs a. through e. above, but only with respect to liability for "bodily injury", "property damage" or "personal and advertising injury" caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf:
(a) In the performance of your ongoing operations performed by you or on your behalf; (b) In connection with your premises owned by or rented to you; or (c) In connection with "your work" and included within the "products-completed operations hazard", but only if:
(i) The written contract, written agreement or permit requires you to provide such coverage to such additional insured; and
(ii) This Coverage Part provides coverage for "bodily injury" or "property damage" included within the "products-completed operations hazard".
(2) With respect to the insurance afforded to these additional insureds, the following additional exclusion applies:

This insurance does not apply to "bodily injury", "property damage" or "personal and advertising injury" arising out of the rendering of, or the failure to render, any professional architectural, engineering or surveying services, including:
(a) The preparing, approving, or failure to prepare or approve, maps, shop drawings, opinions, reports, surveys, field orders, change orders, designs or drawings and specifications; or (b) Supervisory, surveying, inspection, architectural or engineering activities.

This exclusion applies even if the claims allege negligence or other wrongdoing in the supervision, hiring, employment, training or monitoring of others by an insured, if the “bodily injury”, “property damage”, or “personal and advertising injury” arises out of the rendering of or the failure to render any professional service described in Paragraphs f.(2)(a) or f.(2)(b) above.

Staff Report
Meeting: City Council
Date: October 21, 2025
Department: Engineering Services - Engineering
Submitted by: Michael Miller, City Engineer
Agenda Title: Conditional Final Map Acceptance – Liberty Hill Phase 2

RECOMMENDED ACTION
Conditionally approve the final map and subdivision improvement agreement for Liberty Hill Phase 2 for recordation; and accept all easements and dedications offered to the City, subject to receipt of the signed final map, all fees, and other required items prior to December 20, 2025.

SUMMARY
Planning Commission Resolution No. 5288, which was adopted on August 13, 2018, approved the tentative subdivision map for the Liberty Hill Subdivision. This subdivision is situated on the northwest corner of Bardsley Avenue and West Street and covers approximately 79.5 acres with a total of 384 single-family lots at full buildout. The development of the subdivision will be done in phases. Phase 2 of the Liberty Hill Subdivision will consist of 87 single-family residential lots and a landscape and lighting district lot.

FISCAL IMPACT & FUNDING SOURCES
There is no fiscal impact associated with this action

ENVIRONMENTAL REVIEW
The tentative subdivision map for Liberty Hill Subdivision was approved by the Tulare Planning Commission on August 13, 2018 by Resolution No. 5288. A Mitigated Negative Declaration was prepared in support of the tentative map submittal, and the Planning Commission made the finding that there was no substantial evidence that the project would have a significant effect on the environment with the incorporated mitigation measures.

POTENTIAL CONFLICT OF INTEREST
Councilmember Sigala leases property within 500 feet of the boundaries of Phase 1 of the Liberty Hill subdivision.

LEGAL REVIEW
The final map will be reviewed for compliance with applicable legal requirements prior to recordation.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes – Changes would result in delay to the project schedule.

2. Deny – Construction of the proposed single-family residential construction project would not be permitted.

3. Table – The delay resulting from tabling this item could adversely impact the Developer’s construction schedule.

Item #: 10.5
Consent

ATTACHMENTS

1. Planning Commission Resolution No. 5288

2. Liberty Hill Phase 2 Subdivision Agreement

3. Liberty Hill Phase 2 Final Map
Reviewed/Approved:

RESOLUTION NO. 5288 !'ft. t
A RESOLUTION OF THE CITY OF TULARE PLANNING COMMJSSION e11p )' APPROVING TENTATIVE SUBDIVISION MAP 2018-12- LIBERTY HILL AND

ADOPTING A MITIGATED NEGATIVE DECLARATION GENERAL PLAN
AMENDMENT NO. 2018-01, ZONE AMENDMENT NO. 728 AND TENTATIVE SUBDIVISION MAP 2018-12- LIBERTY HILL
WHEREAS, the City of Tulare Planning Commission at a regular meeting on August 13, 2018 held a public hearing, received public testimony, and considered a request by Central Pacific Development Group to subdivide approximately 79.5 acres into a 384-lot single family residential subdivision on property located on the northwest comer of Bardsley A venue and West Street APN 168-090-006); and WHEREAS, the City of Tulare Planning Commission determined that the proposed subdivision map is consistent with applicable Tulare General Plan; and, WHEREAS, the City of Tulare Planning Commission determined that the design or improvements of the proposed subdivision are consistent with the Tulare General Plan; and,
WHEREAS, the City of Tulare Planning Commission determined that the site is physically suitable for the type of development proposed; and, WHEREAS, the City of Tulare Planning Commission determined that the design of the subdivision or the type of improvements are not likely to cause substantial environmental damage or substantial and avoidable injury to fish or wildlife or their habitat; and,
WHEREAS, the City of Tulare Planning Commission determined that the design of the proposed subdivision or the type of improvements will not conflict with easements, acquired by the public at large, for access through or use of the property within the proposed subdivision; and,
WHEREAS, an Initial Study was prepared and found that although the proposed project could have a significant effect on the environment, there will not be a significant environmental impact with mitigation measures incorporated; and, WHEREAS, the City of Tulare Planning Commission determined that a Mitigated Negative Declaration has been prepared in accordance with the California Environmental Quality Act; and,
----- ---------- Page 1 - - - -------- --- Resolution 5288 Tentative Subdivision Map- 2018-12- Liberty Hill
WJIEREAS, the City of Tulare Planning Commission considered the proposed Mitigated Negative Declaration and finds that there is no substantial evidence that the profrct will have a significant effect on the environment with mitigation measures incoi:poi:ated; and,
WHEREAS, the City of Tulare Planning Commission determined that the proposed Mitigated Negative Declaration reflects the independent judgment of the lead agency, and,
NOW, THEREFORE, BE IT RESOLVED, that the Mitigated Negative Declaration prepared for General Plan Amendment No. 2018-01, Zone Amendment No. 728 and Tentative Subdivision Map 2018-12- Liberty Hill is hereby adopted by the City of Tulare Planning Commission.

The IS/Mitigation Negative Declaration is attached hereto as Exhibit "A" and incorporated as fully set forth.

NOW, THEREFORE, BE IT FURTHER RESOLVED, that the Planning Commission of the City of Tulare makes the following specific findings based on the evidence presented:

1. That the proposed location of the Tentative Subdivision Map is consistent with the policies and intent of the General Plan, Zoning Ordinance, and Subdivision Ordinance.

2. That the proposed location of the Tentative Subdivision Map and the conditions under which it would be built or maintained will not be detrimental to the public health, or welfare, or materially injurious to properties or improvements in the vicinity.

3. That the proposed Tentative Subdivision Map will be in keeping with existing and future land uses on the site.

BE IT FURTHER RESOLVED, that the Planning Commission hereby approves Tentative Subdivision Map 2018-12, subject to the following:
1) Final subdivision map proposed to be recorded shall be in substantial conformance with the approved tentative map.
2) Applicant shall comply with Engineering, Fire Department, Parks and Solid Waste Division comments/conditions (Attachments VI, VII, VIII and IX).
3) All mitigation measures identified by the Mitigated Negative Declaration prepared for the Liberty Hill Tentative Subdivision Map and adopted within Resolution 5288 shall be incorporated and required as conditions of approval.
- ----- --- ----- - Page 2
Resolution 5288
Tentative Subdivision Map- 2018-12- Liberty Hill
4) The existing Tulare Irrigation District (T.I.D.) ditch along the west side of West Street shall be piped. The proposed method of piping shall be subject to both T.I.D. and City approval.
5) Adequate permanent or temporary fire protection facilities as approved by the Fire Chief, shall be installed prior to the issuance of any building permits and prior to the storage of combustible materials on site. 6) Final acceptance of the tract shall be contingent upon the sub dividers providing within and/or outside the tract, drainage disposal facilities, as required to receive drainage and dispose for drainage and storm waters from this tract. Said facilities shall be subject to the approval of the Public Works/Engineering Department.
7) Applicant shall establish a landscape maintenance district prior to the recordation of the final map. All landscape plans within the landscape maintenance district shall be constant with city standards and approved by the Community and Economic Development Director and/or Community Services Director.
8) Applicant shall record a note on final map indicating that all residential lots are subject to a landscape maintenance district pursuant to the Landscape and Lighting Act.
9) Applicant shall record a document notifying homeowners that the subject property is within a landscape maintenance district.
10) Applicant shall submit four copies of a landscape and irrigation plan consistent with the City's landscape ordinance.
11) Six-foot public utility easements shall be granted along all front yards as required for public utilities.
12) Final subdivision map shall depict all easements.
13) The applicant shall comply with the requirements of the Public Works Director and City Engineer regarding sewage disposal and water supply facilities.
14) All lots shall meet the provisions of the applicable zoning district. 15) Street names will be consistent with street names approved by the Street Naming Committee, and approved by the Community & Economic Development Director.
16) Applicant to record a "Right to Farm" notice on final map. - - - ----------- - - Page 3 ---------------
Resolution 5288
Tentative Subdivision Map-2018-12- Liberty Hill
17) A 7-foot block wall is required along West Street, Bardsley A venue, the western boundary of the proposed development and along any lot boundaries which are adjacent to the proposed ponding basin. Final block wall design is subject to the Community & Economic Development Director's approval.
18) Applicant to comply with San Joaquin Valley Air Pollution Control District regulations regarding dust control during construction. 19) Applicant to comply with San Joaquin Valley Air Pollution Control District Rule 9510 for the final map.
20) Recording of the final map is subject to the approval of General Plan Amendment No. 2018-01 and Zone Amendment No. 728.
21) Applicant to provide and locate mailbox clusters as approved by the U.S.

Postmaster, Tulare.
22) The conditions of project approval set forth herein include certain fees, dedication requirements, reservation requirements, and other exactions.

Pursuant to Government Code Section 66020(d)(a), these conditions constitute a written notice of the amount of such fees, and a description of the dedications, reservations, and other exactions. The Owner/Developer is hereby notified that the 90-day protest period, commencing from the date of approval of the project, beings as of the date of Planning Commission's conditional approval of the project. If the Owner/Developer fails to file a protest regarding any of the fees, dedication requirements, reservation requirements, or other exactions contained in this notice, complying with all the requirements of Government Code Section 66020, the Owner/Developer will be legally barred from later changing such exactions.
23) Applicant to provide a retaining wall where ever adjacent lot grades exceed six inches.

Engineering:

The conditions of project approval set forth herein include certain fees, dedication requirements, reservation requirements, and other exactions. Pursuant to Government Code Section 66020(d)(a), these conditions constitute a written notice of the amount of such fees, and a description of the dedications, reservations, and other exactions. The Owner/Developer is hereby notified that the 90-day protest period, commencing from the date of approval of the project, begins as of the date of Planning Commission's conditional approval of the project. If the Owner/Developer fails to file a protest regarding any of the fees, dedication requirements, reservation requirements, or other exactions contained in this notice, complying with all the requirements of Government Code Section 66020, the Owner/Developer will be legally barred from later challenging such exactions.
- ----- - ----- - -- Page 4 --------------- Resolution 5288 Tentative Subdivision Map- 2018-12- Liberty Hill
SOILS:

The Subdivider shall submit a preliminary soils report for structural foundation, which shall be prepared by a Registered Civil Engineer based upon adequate soil test borings. Said report shall be submitted to the City Engineer or Chief Building Official.

The Subdivider shall have the soils investigated and make recommendations as to the correct method of trench backfill for the soils encountered in the subdivision so as to assure 90% relative compaction between the select bedding around the pipe to within 2 feet of the subbase. The top 2 feet shall be compacted to 95% relative compaction. Compaction tests are required on all trenches. All soils testing shall be performed at the sole cost of the Subdivider.

The Subdivider shall establish an account with a licensed and certified soiltesting firm acceptable to the City Engineer prior to the start of construction for compaction testing of trench backfill and fills. The City shall order and direct all compaction tests.

STREETS:

Street design shall conform to City of Tulare Design Guidelines and Public Improvement Standards. Arterial street widths and design traffic indices shall be as noted in Attachment "A."
The structural section of all streets shall be not less than the minimums requirements of the City of Tulare Design Guidelines and Public Improvement Standards. A greater thickness may be required by soils test results and engineered structural section calculations. The design of the pavement structural section for streets shall be asphalt concrete over aggregate base materials.

R-Value tests shall be taken for the design of all pavement areas to be constructed by this project. The spacing of said R-Value tests shall not be more than 400 feet apart, per linear foot of paving.

All streets shall have the City standard cross section with curb, gutter and sidewalk.

All utility services shall be placed in the streets prior to paving.

Compaction tests are required on all street subgrades. All soil testing shall be performed at the sole cost of the Subdivider.

Knuckles and transition curves to knuckles shall have 50-foot radii for streets with parkways and 49-foot radii for streets with adjacent sidewalks. --- ----------- Page 5
Resolution 5288
Tentative Subdivision Map- 2018-12- Liberty Hill
The centerlines of all streets shall be the continuations of the centerlines of existing streets, or shall be offset at least two hundred (200) feet.

The centerline curve radius for roadway design shall be a minimum of 250 feet for local streets, 600 feet for collector streets, and 1,200 feet for arterial streets.

Provision for a smaller radius shall be subject to the approval of the City Engineer.

Street monuments shall be installed at locations as required by the City Engineer.

Driveway widths and spacing shall conform to requirements of City Code and the City of Tulare Design Guidelines and Public Improvement Standards.

Side lines of all lots wherever practicable shall be at right angles or radials to the centerline of the street.

Property line chamfers or radii are required at all street intersections per the requirements of the City of Tulare Design Guidelines and Public Improvement Standards.

The maximum slope adjacent to the back of any public sidewalk shall not exceed 5: 1 for the first 5 feet. For Landscape and Lighting Act District parcels, the maximum slope between the back of the sidewalk and the wall or fence shall not exceed 10: 1.

Turnarounds are required at all dead end streets, except where refuse pickup on lot frontages does not require the refuse collection vehicle to back up.

A barricade and a 2" x 8" rough redwood header shall be provided at dead end streets. As an option, an additional 1-foot of paving beyond the required limits of paving may be installed in lieu of a redwood header.

In conformance with Section 8.24.040 (A) 7 of the City of Tulare Municipal Code, "each street intersection shall be as near to a right angle as practicable." If work by the Subdivider or his contractors render any existing City street to be in a condition unacceptable to the City Engineer, or his authorized representatives, said street must be restored to a condition as good as or better than before the development's construction activities began. Said repair work must be completed within 2 weeks of the damage having occurred, or in accordance with a schedule authorized by the City Fngineer. Thenceforth, the Sllbdivider shall maintain the street in its repaired state for the duration of the development's construction activities.

The City shall reimburse the Subdivider for oversize costs for any facilities designated "masterplan facilities" by the City Engineer, subject to review and approval of costs prior to installation. Within 90 days following the notice of ------- ----- - - Page6 - ------------ - Resolution 5288 Tentative Subdivision Map- 2018-12- Liberty Hill
completion of the prvJect, the Subdivider shall file with the City Engineer a financial statement, in the form specified by the City Engineer, stating and supporting the cost of constructing the oversize improvements. If the financial statement is not filed within this time period, the Subdivider shall not be eligible for any reimbursements. Oversize payments will be made in accordance with a separate oversize reimbursement agreement to be executed after completion of all subdivision improvements. Payment will be subject to the availability of funds.

UTILITY RELOCATIONS AND UNDERGROUNDING REQUIREMENTS:

The Subdivider shall be responsible for all costs associated with the removal, relocation and undergrounding of utilities as necessary to accommodate installation of the required public improvements. All utility lines, including but not limited to electric, communications, street lighting and cable television, shall be required to be placed underground in accordance with Section 8.24.160 (8) 3 of the City of Tulare Municipal Code. The cost of such relocations and undergrounding shall be included in the subdivision bonds.

SANITARY SEWERS:

Sanitary sewers shall be designed and constructed in accordance with the City of Tulare Design Guidelines and Public Improvement Standards.

Sewer laterals shall be installed to the property lines of all lots before the streets are surfaced. Laterals shall be located 8 feet from the centerline of each lot, unless otherwise approved to accommodate driveway approach locations.

All sewer lines shall pass both mandrel and air pressure tests, and shall be subject to video inspection by the City. The cost of one video inspection of the Development's entire sewer line improvements shall be paid prior to recordation of the final map at the rate established at the time of recordation of the final map.

The cost of any additional video inspections required shall be paid at the rate established at the time of inspection.

The City shall reimburse the Subdivider for oversize costs for any facilities designated "masterplan facilities" by the City Engineer, subject to review and approval of costs prior to installation. Within 90 days following the notice of completion of the project, the Subdivider shall file with the City Engineer a financial statement, in the form specified by the City Engineer, stating and supporting the cost of constructing the oversize improvements. If the financial statement is not filed within this time period, the Subdivider shall not be eligible for any reimbursements. Oversize payments will be made in accordance with a separate oversize reimbursement agreement to be executed after completion of all subdivision improvements. Payment will be subject to the availability of funds.

STORM DRAINAGE:
------------- - Page 7 --------------
Resolution 5288
Tentative Subdivision Map-2018-12- Liberty Hill
The storm drain system shall be designed and constructed in accordance with the City of Tulare Design Guidelines and Public Improvement Standards.

All pipe sizes where necessary shall be adjusted to carry the design flow at the final design slope.

All gutter runs shall be limited to 1000 feet by installing pipe and storm water inlets.

The minimum fall around curb returns shall be 0.3 foot.

All storm drain lines shall be subject to video inspection by the City. The cost of one video inspection of the Development's entire storm drain line improvements shall be paid prior to recordation of the final map at the rate established at the time of recordation of the final map. The cost of any additional video inspections required shall be paid at the rate established at the time of inspection.

The City shall reimburse the Subdivider for oversize costs for any facilities designated "masterplan facilities" by the City Engineer, subject to review and approval of costs prior to installation. Within 90 days following the notice of completion of the project, the Subdivider shall file with the City Engineer a financial statement, in the form specified by the City Engineer, stating and supporting the cost of constructing the oversize improvements. If the financial statement is not filed within this time period, the Subdivider shall not be eligible for any reimbursements. Oversize payments will be made in accordance with a separate oversize reimbursement agreement to be executed after completion of all subdivision improvements. Payment will be subject to the availability of funds.

FIRE HYDRANTS:

Fire hydrants are to be located as required by the Fire Chief and City Engineer.

EASEMENTS:

Easements will be required for all utilities outside of dedicated rights-of-way. Sixfoot Public Utility Easements will be required along all street frontages.

The Subdivider shall submit to the City of Tulare a title report for areas outside of the parcel to be developed where easements are to be dedicated for City utilities.

WATER SUPPLY:

Water mains shall be designed and constructed in accordance with the City of Tulare Design Guidelines and Public Improvement Standards.

Resolution 5288 Page 8
Tentative Subdivision Map- 2018-12- Liberty Hill
Water services shall be installed to the property line of all lots before the streets are surfaced. SeNices shall be located either 8 feet from the centerline of each lot or 2 feet from property line. The minimum horizontal distance between water services and sewer laterals shall be 10 feet.

The Engineer shall propose locations for water seNices that will accommodate ultimate driveway approach locations.

Individual 1" polyethylene water seNices with meter boxes and meter idlers per City standards shall be installed to all single-family residential lots.

The City shall reimburse the Subdivider for oversize costs for any facilities designated "masterplan facilities" by the City Engineer, subject to review and approval of costs prior to installation. Within 90 days following the notice of completion of the project, the Subdivider shall file with the City Engineer a financial statement, in the form specified by the City Engineer, stating and supporting the cost of constructing the oversize improvements. If the financial statement is not filed within this time period, the Subdivider shall not be eligible for any reimbursements. Oversize payments will be made in accordance with a separate oversize reimbursement agreement to be executed after completion of all subdivision improvements. Payment will be subject to the availability of funds .

Pressure, leakage, and purity tests are required on all City water system installations at the sole cost of the Subdivider.

STREET NAMES:

Street names shall be approved by the Director of Planning and Building.

Street name sign posts shall be installed at each intersection as required by the City Traffic Engineer, and the Subdivider shall pay for the new street name signs and mounting hardware prior to recordation of the final map, at the rate established at the time of recordation of the final map. Actual installation of the street name signs shall be completed by City personnel at such time that the development reaches a sufficient state of completion.

TRAFFIC SIGNS:

Types, sizes and locations of traffic signs shall be as required by the City Traffic Engineer and City standards.

PAVEMENT DELINEATION:

The Subdivider shall install and/or replace traffic striping, pavement markers, and pavement markings as required by the City Traffic Engineer. - ------------- Page9 ---- --- ------- Resolution 5288
Tentative Subdivision Map- 2018-12- Liberty Hill
STREET LIGHTS AND ELECTRICAL SERVICE:

The Subdivider must make provisions for the underground installation of electrical services and street lighting. Pole type shall be marbelite. Fixture type shall be LED unless otherwise approved by City Engineer. Design of the street lighting system shall comply with the City of Tulare Design Guidelines and Public Improvement Standards, and shall be subject to the approval of the City Engineer. Subdivider shall provide the City Engineer with an AutoCAD drawing file used as the basis of street light layout. The cost of the systems shall be included in the subdivision bonds.

GAS SERVICE:

The Subdivider must make provisions for the installation of a gas distribution system in all streets and at the sizes determined by the Southern California Gas Company.

PRIVATE IRRIGATION PIPELINES: I
Existing private irrigation pipelines will need to be removed within street right of ways.

IRRIGATION CANALS:

The existing Tulare Irrigation District (T.I.D.) ditch along the west side of West Street shall be piped and shall be so designated on the plan drawings. The proposed method of piping shall be subject to both T.I.D. and City approval, and shall be shown on one of the master plans if full piping does not occur within the first phase.

TELEPHONE/CABLE:

The Subdivider must make provisions for the installation of underground telephone and cable service.

EXISTING STRUCTURES:

Any existing structures within the subdivision boundary shall be removed .

WELLS:

Any existing wells on the site shall be ahanclonP.rl .=rnd sealed in accordance with City standards.

ELEVATIONS:

Any elevations shall be based on the official City of Tulare datum. _____ _ ______ __ Page
Resolution 5288 10
Tentative Subdivision Map- 2018-12- Liberty Hill
GENERAL CONDITl<..11-.JS:

All design and construction shall be in accordance with all applicable City Standards, Specifications, Ordinances, and Standard Operating Procedures, unless specifically modified elsewhere in these conditions. These engineering considerations are intended to deal with major issues apparent to this office while reviewing this tentative map. Nothing in these conditions precludes our office from applying other conditions/modifications necessary for good design, operation, and maintenance of existing and future City facilities, as might become apparent during design review and/or construction.

A City encroachment permit is required for any work to be performed within existing City rights-of-way or easements. A traffic control plan subject to the approval of the City Engineer is required for any work that will impact existing roadways. Encroachment permits may also be required by the State, Tulare Irrigation District and/or Union Pacific Railroad for any work impacting their rights-of-way, easements or facilities.

ADDITIONAL REQUIREMENTS:

Submit closures and tabulation of areas (square feet) of all lots within the subdivision. A blue line area shall also be submitted.

Provide the City of Tulare with three (3) prints of the final map of the subdivision, and three (3) prints of the improvement drawings for final checking.

Following approval of the final map, provide the City of Tulare with an electronic copy.

Following approval of the improvement drawings, provide the City of Tulare with one reproducible copy, four (4) prints and an electronic copy. This shall be done prior to scheduling any pre-construction conferences or commencing any improvements.

Submit to the City of Tulare a title report for the parcel(s) to be developed.

The Subdivider's engineer will be required to certify in writing that all lot grading has been performed in accordance with the approved lot-grading plan prior to issuance of any building permits.

Prior to constructing any improvement that involves City reimbursements, the Subdivider shall submit to the City copies of their contractor's bid prices to be reviewed and approved by the City Engineer. Such work must be performed at prevailing wage rates to be eligible for reimbursement. If the Subdivider fails to obtain approval of reimbursable costs before the start of construction, the City reserves the right to reduce the reimbursable cost if deemed excessive by the City Engineer.
_ ___ ___ _ _____ _ Page
Resolution 5288 11
Tentative Subdivision Map- 2018-12- Liberty Hill
Prior to the start of construction, a meeting will be called by the City Engineer with the Subdivider, Contractor and all concerned including utility companies to coordinate and schedule work in order to avoid all possible delays due to conflicts of operation and to guarantee that all City requirements are met. The Contractor shall perform no construction in the field until after this meeting.

This project involves construction activity including clearing, grading and excavation which may require the filing a Notice of Intent with the State Water Resources Control Board under the General Permit to discharge storm water associated with construction activity, the preparation of a storm water pollution prevention plan, and monitoring program.

For traffic improvements identified in the Traffic Impact Study prepared by JLB Traffic Engineering, Inc, the following requirements shall be installed as part of Phase 1:

1. The intersection of Bardsley Avenue and West Street shall be modified to provide a dedicated southbound left-turn lane, and a combined southbound thru/right-turn lane.

2. Median improvements shall be constructed in West Street at the proposed intersection of West Mayberry Avenue. The median shall be designed so as to prevent eastbound leftturns from West Mayberry Avenue onto West Street, and shall allow for northbound leftturn movements from West Street to West Mayberry Avenue. Eligible costs associated with the construction of median improvements would be subject to the oversize reimbursement policies established by the City Municipal Code.

3. Other project impacts identified in the Phase 1 Scenario of the Traffic Impact Study shall be mitigated through the payment of development impact fees.

The following traffic improvements shall be installed in subsequent phase:

4. A traffic signal warrant study for the intersection of Bardsley Avenue and West Street shall be required in conjunction with the submittal of final maps for future Phases 2-4 of the Liberty Hill tentative map. If signal warrants are found to be met with one of the future phases, the Developer shall be required to install a traffic signal as a condition of final map approval. Eligible costs associated with the installation of said traffic signal would be subject to the oversize reimbursement policies established by the City Municipal Code.

5. An all-way stop warrant study for the intersection of Sonora Avenue and West Street shall be required in conjunction with the submittal of final maps for future Phases 2-4 of the Liberty Hill tentative map.

6. Other project impacts identified in the Buildout Scenario of the Traffic Impact Study shall be mitigated through the payment of development impact fees.

ATTACHMENT "A"
The engineering considerations checked below shall be made a condition of approval of the subject subdivision.
1) A master plan for street layout for the entire development shall be submitted for approval prior to approval of any portion thereof.
2) Roadway design criteria shall be as indicated below. Structural section design shall be based upon the indicated traffic index, but shall not be _______________ Page
Resolution 5288 12
Tentative Subdivision Map- 2018-12- Liberty Hill
less than the minimum requirements of the City of Tulare Design Guidelines and Public Improvement Standards:

Sidewa
Traffic lk Sidewalk
Roadway Classification Index Width Configuration
a) Bardsley Avenue 96' Minor Arterial 10 ft Multi-use Path b) West Street 84' Minor Arterial 6 ft Parkway
c) Windward Street 72' Collector 5 ft Parkway
Alpine Avenue
d) between Maricopa 60' Collector 5 ft Adjacent and Windward Streets
e) Maricopa Street 60' Collector 5 ft Parkway
f) Local Streets 56' Local Street 5 ft Adjacent
g) Cul-de-sacs 52' Cul-de-sac 5 ft Adjacent
■ The Subdivider shall be responsible for the following minimum Arterial improvements:
■ Full paveout from lip of gutter to the existing edge of pavement ■ Reconstruction of the following portions of existing pavement:

North half of Bardsley Avenue along project frontage.
■ Install medians (curbing only) within the following frontages:

West Street if Elm Avenue connection remains.

D Provide at least feet of paving on the opposite side of the median
■ Provide stabilized shoulders on the opposite side of the street in accordance with the City of Tulare's adopted PM-10 control guidelines
■ Provide a pavement transition from the existing roadway crosssection to the new roadway cross-section, of a width and length as approved by the City Traffic Engineer
D Other:

D The Subdivider shall be responsible for the following minimum improvements along existing non-arterial streets adjacent to this development:

D Full paveout, from lip of gutter to the existing edge of pavement D Reconstruction of the following portions of existing pavement:
________ ______ Page
Resolution 5288 13
Tentative Subdivision Map- 2018-12- Liberty Hill
D Rehabilitation of the following portions of existing pavement, by methods approved by the City Engineer
D Other:
3) Backing lot treatment with common area landscaping, irrigation and block wall improvements shall apply to the following frontages: Bardsley Avenue, West Street. project entrances on Elm Avenue, Windward Street and Mendocino Street.
4) Waiver of direct access rights shall be provided as follows : Bardsley Avenue, West Street. project entrances on Elm Avenue, Windward Street, Mendocino Street and Lots 356-364 backing lot frontages . 5) The Subdivider shall submit a plan for landscaping/street trees and irrigation along streets with backing lot treatment to be approved by the Director of Parks and Community Services. A street tree and landscape master plan for all phases of the subdivision will need to be submitted with the initial phase to assist City staff in the formation of the landscape and lighting assessment district.
6) A Landscape & Lighting District will maintain common area landscaping , common area irrigation systems, common area block walls, street trees, street lights and local street maintenance. The Subdivider shall submit a completed Landscape & Lighting District application and all necessary calculations and supporting documentation for the formation of a the district a minimum of 75 days before approval of any final map or related parcel map. Dedication to the City is required for all landscape and common area lots to be maintained by the Landscape & Lighting District at time of final map approvals.
7) A master plan for sanitary sewer for the entire development shall be submitted for approval prior to approval of any portion of the system.

Sewer for the development shall be directed to the intersection of Bardsley Avenue and Windward Street. The project shall construct a 30" diameter master plan sewer main in Bardsley Avenue between Windward Street and a point of connection to an existing 12" diameter sewer main located in the Gemini Street alignment west of the proposed project site. The development will also be responsible for paying in-lieu fees for its fair share of an 8" diameter sewer main in Bardsley Avenue between Windward Street and West Street.
8) The sanitary sewer alignments shall be 6 feet north and/or east of street centerline, unless other alignments are approved by the City Engineer. 9) A master plan for slor111 uraim1ye for the entire development shall be submitted for approval prior to approval of any portion of the system. A regional storm water retention basin shall be constructed with this project, and shall be sized to accommodate the drainage requirements of both the proposed project and an adjacent 66.27 acres north of the project site that is CL!rrently directed to a temporary drainage basin. The proposed project shall complete the connection to the existing storm ____ ___ _______ Page
Resolution 5288 14
Tentative Subdivision Map- 2018-12- Liberty Hill
drain system so as redirect drainage from the temporary basin to the new regional basin.
10) A grading/drainage plan prepared by a Registered Civil Engineer or Licensed Architect and subject to approval by the City Engineer shall be submitted. The plan shall include existing and proposed contours, and detail the means of collection and disposal of storm water runoff from the site and adjacent road frontages in such a manner that runoff is not diverted to adjacent property.

A letter verifying that lot grading was completed In accordance with the approved grading/ drainage plan shall be prepared by a Registered Civil Engineer or Licensed Architect and submitted to the City Engineer prior to the issuance of a notice of completion. The Engineer or Architect shall affix their stamp and seal to the letter. 11) The storm drain alignments shall be 11 feet south and/or west of centerline unless other alignments
are approved by the City Engineer.
12) A master plan for water for the entire development shall be submitted for approval prior to approval of any portion of the system. 13) The water main alignments shall be 6 feet south and/or west of street centerline, unless other
alignments are approved by the City Engineer.
14) A water sampling station shall be installed per the direction of the City Public Works Director.

ATTACHMENT "B"
The Subdivider shall pay to the City at the time of approval of the final map all applicable fees, including, but not limited to, those checked below:

Benefit Districts
■ 1) Sewer front foot charges:$ 25.00 per front foot for frontages on West Street.

D 2) Sewer Lift Station Fee of$ _ _ per acre.
■ 3) Water front foot charges:$ 17.50 per front foot for frontages on West Street.
□
■
4) Street front foot charges: $ __ per front foot for frontages on __ 5) Benefit District Creation Fee (if applicable): $ 1,008. 19 per district. ■ 6) Other: Benefit District fees owed for share of T.I.D. ditch piping completed by Monterey Estates subdivision along northern boundary of development.
_ _____ ________ Page
Resolution 5288 15
Tentative Subdivision Map- 2018-12- Liberty Hill
Special In-Lieu Fees
D 6) Traffic Signals Fee: $ __
0 7) TIO Ditch Piping Fee: $ __
■ 8) Sewer Main Fee: $ TBD. Bardsley Avenue frontage fair share cost of 8" sewer main for length of frontage where sewer is not installed by project.

D 9) Water Main Fee: $ __
D 1 0)Street Fee: $ __
D 11 )Other Fees: $ __
Plan Check, Inspection, and Impact Fees
■ 12)Engineering Inspection Fee to be based on a percentage of the estimated cost of construction.
■ 13)Oevelopment Impact Fees to be paid with Building Permit. ■ 14)Engineering Plan Review Fee to be paid at time of submittal. ■ 15) Final Map Plan Check Fee to be paid at time of submittal.

All fees shall be based on the current fee schedule in effect at the time of recordation of the final map.

Fire:

1. The project must comply with latest applicable codes.

2. When any portion of the facility or buildings to be protected is more than 400 feet from an existing hydrant, on a fire apparatus access road as measured by an approved route around the exterior of the facility or building, on-site fire hydrants and mains shall be provided where required by the fire code official.

3. Additional fire hydrants shall be required. Fire hydrant spacing shall be as follows:
a. Residential development, one hydrant shall be installed at 500-foot intervals.

4. An approved water supply for fire protection shall be made available prior to combustible materials arriving on the site.

5. An approved fire apparatus access road shall be provided for every facility, building or portion of a building constructed or moved into or within the City of Tulare. It shall extend to within 150 feet of all portions of the facility and all portions on the exterior walls of the first story of the buildings as measured by an approved route around the exterior of the building or facility. The road shall be a minimum of 20'wide and have a minimum of20' wide and have a mimumum height clearance of 13'6" ___ ____________ Page
Resolution 5288 16
Tentative Subdivision Map- 2018-12- Liberty Hill

6. All roads shall be designed and maintained to support the imposed loads of fire apparatus and shall be surfaced so as to provide all-weather driving capabilities.

7. Additional access may be required per CFC 2013 Chapter 5. The Fire Code Official is authorized to require more than one fire apparatus success road based on the potential for impairment of a single road by vehicle congestion, condition of terrain, climatic conditions or other factors that could limit access. Areas identified as "Fire Lanes" must be identified as such per requirements set forth in the California Vehicle Code. a. Through access must be provided at all of the following roads: West, Napa, Maricopa, and Elm.

8. All dead-end access roads in excess of I SO feet must be provded with an approved turnaround complying with City standards. a. A site plan identifying all of the phases of this project will assist in avoiding the construction of any dead end roads.

Solid Waste:

1. Revisions required prior to submitting final plans. See comments below.

2. Customer responsible for setting cans out for service by 6:00 am and removing cans from curb, gutter, or alley on the same day after serviced. Customer is responsible for any violations.

3. Mandatory Commercial Recycling AB 341. All Commercial Businesses, Multi Family and Residential customers must have a blue recycle Bin, Roll Off, or Can for clean paper, cardboard, cans, bottles etc.

4. Customer is required to flatten, breakdown all cardboard and other bulky recyclables in blue containers. Customer is responsible for any contamination in containers and all fines and charges resulting from contaminated recyclables.

5. Mandatory Food Waste and Compost Recycling AB 1826. Green 96 gallon containers for yard waste/food scraps required. Additional storage area attached to enclosure to store up to 3-96 gallon cans as option shown on enclosure specs is required.

6. Paved areas should be engineered to withstand a 60,000 lb. refuse truck.

7. Mandatory turnarounds in each phase for refuse trucks. Ha

8. Customer will be required to roll container out to curb/alley for service.

9. Section 7.16.040 of the Tulare Municipal Code prohibits private companies/haulers from providing refuse services without authorization. Roll Off services for construction and demolition, recycling, compost or green waste and metal are to be provided by the City of Tulare Solid Waste Division. Any Private Roll Off companies/haulers used must be listed on the Board of Public Utilities City Resolution Approved Authorized Haulers List, Resolution No. 07-04. ____ ____________ Page
Resolution 5288 17
Tentative Subdivision Map- 2018-12- Liberty Hill
Commercial Frunt Load Bin service in the City of Tulart 1s provided exclusively by the City of Tulare Solid Waste Division only as per Municipal Code (No Exceptions).

Comments:

Any areas requiring the backing of refuse truck into traffic to service container will not be acceptable in any way.

See attached comments.

PASSED, APPROVED AND ADOPTED this thirteenth day of August, 2018 by the following recorded vote:

A YES: ~--rfJ~Li~fu=--,_.,-+)-Ri, <-=· ~--)"'---'--( ~~-· '----1- 7'-'(Qt;~~l 6l1 ""---'-"""L~~~/Yl ______.____,,. ~-+'- ~ -=--<d-' _ NOES: ___ =fS _ ____,,_,__,.....J~ - - - - - ------- --- ABSENT: ca --- ~---- - - - ----- - - - ---- - - - -
ABSTAIN: _ .......... fl--PJL ~• ~ · _ ___ ___ _ _ _ _ _ _ 1 SH MCDONNELL, SECRETARY
C1· y of Tulare Planning Commission

CHUCK GUEL, CHAIRMAN
City of Tulare Planning Commission
______________ Page
Resolution 5288 18
Tentative Subdivision Map- 2018-12- Liberty Hill
Subdivision Improvement Agreement 1
Final Map of Liberty Hill Phase 2
RECORDING REQUESTED BY:

City of Tulare
WHEN RECORDED MAIL TO:

City Clerk
City of Tulare
411 E. Kern Avenue
Tulare, CA 93274-4257
PURSUANT TO GOVERNMENT CODE SECTION 6103,

NO RECORDING FEE REQUIRED
In the matter of the Approval of )
The Subdivision Map of ) AGREEMENT AND UNDERTAKING FOR
Liberty Hill Phase 2, in the ) INSTALLATION AND CONSTRUCTION City of Tulare, County of Tulare, ) OF SUBDIVISION IMPROVEMENTS State of California )

SUBDIVISION AGREEMENT
FINAL MAP OF LIBERTY HILL PHASE 2
THIS AGREEMENT is made this ______ day of _____________________ 20___, by and between the City of Tulare, a Municipal Corporation and Charter City, hereinafter referred to as "City," and Century Communities of California, LLC, a Delaware Limited Liability Company located at 7330 N Palm Ave, Suite 106 Fresno, CA 93711 hereinafter referred to as "Subdivider" without regard for number or gender, and is effective the date first appearing on the Clerk’s Certification hereafter.

RECITALS
A. Subdivider has filed with City a Final Map proposing the subdivision of land owned by Subdivider and located within the City of Tulare (hereinafter “Subject Property”) as follows:

Real property in the City of Tulare, County of Tulare, State of California, described as follows:

Parcel A of Parcel Map No. 5310, in the City of Tulare, County of Tulare, State of California, as per Map recorded in Book 54, Page 17 of Parcel Maps, in the office of the County Recorder of said County.

B. City requires as a condition precedent to the acceptance and approval of the Final Map, the dedication of certain streets, highways, public ways, and easements, as identified on the Final Map. City deems said dedication(s) necessary for the public use. Additionally, City requires that Subdivider make improvements to said dedicated property, as more specifically described below.

C. Subdivider desires and agrees to complete the improvements required by Resolution 5288 for Approving Tentative Subdivision Map 2018-12- Liberty Hill and Adopting a Mitigated Negative Declaration General Plan Amendment No. 2018-01, Zone Amendment No. 728 and Tentative Subdivision Map 2018-12- Liberty Hill dated August 13, 2018 and any amendments thereto, hereinafter referred to as “Conditions of Approval,” within the time hereinafter specified.

D. Subdivider hereby warrants that any and all parties having record title interest in the Final Map have subordinated their interest and all records of subordination, if any, are attached hereto and made a Subdivision Improvement Agreement 2
Final Map of Liberty Hill Phase 2
part of this Agreement.

AGREEMENT
In consideration of the acceptance of the offers of dedication as shown and delineated on the Final Map, and in consideration of finding of substantial compliance with said [Vesting] Tentative Map, Subdivider and City hereby mutually agree as follows:
1) Time for Performance. The improvements required by the Conditions of Approval shall be completed within one year following the effective date of this Agreement. Subdivider shall automatically receive one extension of twelve (12) months if the Subdivider complies with the following:
a) At least thirty (30) calendar days before the original one-year deadline for completion of improvements, the City Engineer receives a written extension request from the Subdivider. b) If required by the City Engineer, provide additional performance and payment security to address construction cost increases due to inflation. Construction cost increase will be based upon Construction Price Index figures published by Engineering News-Record. The additional security shall be supplied to the City Engineer within twenty (20) calendar days from the date the City Engineer notifies Subdivider of the additional security amounts. 2) Failure to Perform. If all required improvements are not made to the satisfaction of the City Engineer within twelve (12) months of the date of this Agreement, or within twenty-four (24) months if an extension was granted, the City of Tulare may exercise its right to proceed against the bonds. 3) Incorporation of Improvements. The work depicted or required on the improvement plans for the Final Map, which may include plans relating to sewer, water, streets, storm drainage, street lighting, landscape and irrigation, grading, traffic signal plans, etc., as well as those required by Conditions of Approval (hereinafter “Improvements”), are incorporated by reference and made a part of this Agreement.
4) Compliance with Standards and Regulations. All Improvements shall be completed in accordance with the City of Tulare Design Guidelines and Public Improvement Standards (City Council Resolution No. 16-58) and any amendments thereto, and shall comply with all applicable federal, state, and local laws.
5) Costs. All Improvements shall be completed at the sole cost and expense of Subdivider. The construction cost estimates, and corresponding security requirements for these Improvements, are set forth in Exhibit "A".
6) Requirements for Building Permit Issuance.
a) No building permit shall be issued for any lot of the Subject Property until the following minimum required improvements have been fully constructed and have passed inspection to the satisfaction of the City Engineer, except as allowed by the City’s Model Home Policies:
i) Curb and gutter,
ii) Street base rock placed in accordance with the approved improvement plans to provide accessibility for inspectors and emergency responders,
iii) Fully functional water mains, fire hydrants, and service connections, iv) Fully functional sanitary sewer mains and laterals, Subdivision Improvement Agreement 3
Final Map of Liberty Hill Phase 2
iv) Fully functional storm drainage lines and facilities, v) All lots graded in accordance with the approved drainage plan, with a letter subject to City Engineer’s approval provided by the Subdivider’s licensed engineer or surveyor verifying same, and
vi) All lot corners marked.
b) If a Notice of Completion has not been filed for the required Improvements within the time limits outlined in this Agreement, no additional building permits shall be issued until said Notice has been filed, or a new subdivision improvement agreement extending the timeline for completion has been approved by the Tulare City Council.
7) Requirements for approval of Certificates of Occupancy. No Certificates of Occupancy shall be approved by the City for any building permit issued on any lot of the Subject Property until the following requirements are satisfied:
i) The requirements of section 6, subsection (a), above have been satisfied, and ii) all public safety items have been completed, including, but not limited to: signage, street paving, pavement markings, street lighting, and drainage basin fencing. 8) Estimate Reimbursements for Certain Improvements. In connection with the amounts set forth in Exhibit “A”, City has made its best faith efforts at predicting the amounts to be credited as reimbursements for Improvements that will benefit other properties. Subdivider agrees these figures represent City’s best estimates only and they are subject to fluctuation following calculation of actual construction costs after improvement completion and acceptance. Payment of fees and fee credits shall be made at the rates and amounts established by the Tulare Municipal Code and Master Fee Schedule. The estimated reimbursement amounts, fees, and charges are more particularly itemized and made a part of this Agreement in the attached Exhibit “B”. 9) Fee Credit Adjustments. Subdivider may receive designated fee credits from City as an offset toward any development impact fee(s). Subdivider acknowledges and agrees any such fee credits are provided contingent upon City accepting required infrastructure improvements completed by Subdivider. Until then, Subdivider shall have no right to any portion of any fee credit. Upon adjustment, Subdivider shall pay all outstanding development impact fees prior to approval of the final map or as otherwise mutually agreed in writing. If the final map has already been approved all such fees shall be promptly paid by Subdivider, unless otherwise mutually agreed upon in writing. City may enforce recovery of such fees in any manner available at law or in equity. 10) Security. Prior to the approval by the Tulare City Council of the Final Map, Subdivider shall furnish to City the following improvement securities in the amounts set forth in Exhibit “A”. Bonds shall be by one or more duly authorized corporate sureties licensed to do business in California subject to the approval of City and on forms furnished or approved by City. a) Performance Security. The total amount shall equal 100% of the total Cost Estimate, as specified in Government Code 66499.3 (a) and approved by the City Engineer, to be conditioned upon the faithful performance of this Agreement. Performance Security shall be in the form of a bond naming the City of Tulare as obligee, or a certificate of deposit made payable only to the City of Tulare, an irrevocable letter of credit in favor of the City of Tulare, or cash. Notwithstanding other provisions contained in this Agreement, if the payment security provided to the City is in the form of a Performance Bond, the language on the bond shall be in substantial compliance with Gov.

Code § 66499.1. Upon written request from the Subdivider, partial releases of the Performance Security may be authorized by the City Engineer to reflect satisfactory completion of required improvements. Partial releases shall be limited to a maximum of 90% of the value of the Subdivision Improvement Agreement 4
Final Map of Liberty Hill Phase 2
completed improvements, and shall in no event result in the overall release of more than 90% of the value of the total Cost Estimate. The Performance Security will be released in its entirety upon the City’s recordation of a Notice of Completion for the subdivision improvements, provided that a maintenance surety of not less than 10% of the value of the public improvements is provided to the City to guarantee replacement and repair of the public improvements for a period of one (1) year after the recording date.
b) Payment (Labor and Materials) Security. The total amount shall equal 50% of the total Cost Estimate, as specified in Government Code 66499.3 (b) and approved by the City Engineer, to secure payment to all contractors and subcontractors performing work on said Improvements and all persons furnishing labor, materials or equipment to them for said Improvements. Payment Security shall be in the form of a bond naming the City of Tulare as obligee, or a certificate of deposit made payable only to the City of Tulare, an irrevocable letter of credit in favor of the City of Tulare, or cash. Notwithstanding other provisions contained in this Agreement, if the payment security provided to the City is in the form of a Labor and Material Bond, the language on the bond shall be in substantial compliance with Gov. Code § 66499.2. No reduction in Payment Security shall be allowed prior to the City’s recordation of a Notice of Completion, and prior to the passage of the time within which claims of lien are required to be recorded as stipulated in Government Code Section 66499.7 (h).
11) Damage Prior to Final Acceptance. Any damage to the improvements occurring prior to final acceptance by the City shall be repaired or replaced by Subdivider before any securities are released.

Final acceptance by City shall not occur until damage has been repaired to prior and agreed upon condition.
12) Remedy of Defects. Subdivider shall remedy any defective work, labor or materials related to the Improvements, and shall pay City for any damage to the Improvements resulting therefrom, which occur within a period of one year from the date of final acceptance of the Improvements by City. Prior to final acceptance of the Improvements by City, a warranty/maintenance bond or certificate of deposit shall be provided by Subdivider, as shown in Exhibit “A”, and shall be released one year following final acceptance, less any amount required to remedy defective work. 13) Indemnification. Subdivider shall be obligated as follows:
a) To the furthest extent allowed by law, Subdivider shall indemnify, hold harmless and defend City and each of its officers, officials, employees, agents and volunteers from any and all loss, liability, fines, penalties, forfeitures, costs and damages (whether in contract, tort or strict liability, including but not limited to personal injury, death at any time, and property damage) incurred by City, Subdivider or any other person, and from any and all claims, demands and actions in law or equity (including attorney's fees, litigation and legal expenses incurred by City or held to be the liability of City, including plaintiff’s or petitioner’s attorney’s fees if awarded, in connection with City’s defense of its actions in any proceeding), arising or alleged to have arisen directly or indirectly out of performance or in any way connected with: (i) the making of this Agreement; (ii) the performance of this Agreement; (iii) the performance or installation of the Improvements by Subdivider and Subdivider’s employees, officers, agents, contractors or subcontractors; (iv) the design, installation, operation, removal or maintenance of the work or Improvements; or (v) City’s granting, issuing or approving use of this Agreement.
b) Subdivider’s obligations under the preceding sentence shall apply regardless whether City or any of its officers, officials, employees or agents are negligent, but shall not apply to any loss, liability, fines, penalties, forfeitures, costs or damages caused solely by the gross negligence or willful misconduct of City, its officers, officials, employees, agents or volunteers.

Subdivision Improvement Agreement 5
Final Map of Liberty Hill Phase 2
c) If Subdivider should subcontract all or any portion of the work to be performed under this Agreement, Subdivider shall require each subcontractor to indemnify, hold harmless and defend City and each of its officers, officials, employees, agents and volunteers in accordance with the terms of paragraphs “a)” and “b)” of this Section.
14) Insurance. Throughout the life of this Agreement, Subdivider shall pay for and maintain in full force and effect all policies of insurance described in this Section with an insurance company(ies) either (i) admitted by the California Insurance Commissioner to do business in the State of California and rated not less than "A-VII" in Best's Insurance Rating Guide, or (ii) authorized by City’s Risk Manager.

Insurance requirements, including coverage types and amounts, are attached hereto in Exhibit “D”.

If at any time during the life of the Agreement or any extension, Subdivider fails to maintain the required insurance in full force and effect, the City Engineer, or his/her designee, may order that Subdivider, or its contractors or subcontractors, immediately discontinue any further work under this Agreement and take all necessary actions to secure the work site to ensure that public health and safety is protected.

All payments due or that become due to Subdivider shall be withheld until notice is received by City that the required insurance has been restored to full force and effect and that the premiums therefore have been paid for a period satisfactory to City. Any failure to maintain the required insurance shall be sufficient cause for City to terminate this Agreement.

Evidence of Insurance provided by Subdivider and his/her/its insurer shall clearly state that termination or suspension of insurance coverage may not occur until at least thirty (30) days following written notice to the City of the intent to terminate or suspend coverage. 15) Compaction and Materials Testing. Compaction and other materials testing performed for determination of compliance with Public Works Standards shall conform to City of Tulare Design Guidelines, Public Improvement Standards, and Technical Specifications. Materials testing shall at all times remain under the review of the City Engineer who may determine additional test procedures, and additional locations to be tested. All materials testing for improvement work within the public easements and rights-of-way shall be ordered and paid for by Subdivider. 16) Inspections. City shall inspect all Improvements. All Improvements shall be performed and completed in strict accordance with the approved construction plans for said work on file with the City Engineer and City of Tulare Design Guidelines and Public Improvement Standards. In the event there are no applicable Design Guidelines and Public Improvement Standards it is agreed that the same shall be performed and completed in accordance with the standards and specifications of the California Department of Transportation.
17) Compliance with Law. In performing obligations set forth in this Agreement, Subdivider shall comply with all applicable laws, regulations, and rules of all local, state and federal governmental agencies having jurisdiction including, without limitation, applicable federal and state labor standards and environmental laws and regulations. Subdivider shall comply with the codes or ordinances of City including the Tulare Municipal Code, City Charter, and Building Codes. 18) Prevailing Wages. Subdivider shall:

a) be required to pay, and shall cause its contractor and subcontractors to pay, prevailing wages for the construction of:
i) those specific Improvements for which Subdivider receives credits or reimbursements as identified in Exhibit “B”, if any, and
ii) those Improvements, if any, that are “public works” under Chapter 1, Part 7, Division 2 of the California Labor Code, including Section 1720(a) (collectively, the “PW Improvements”).

Subdivision Improvement Agreement 6
Final Map of Liberty Hill Phase 2
19) Enforcement of Obligations. City may enforce this Agreement in any manner available at law or in equity, including, but not limited to, reversion to acreage. 20) Limitations of Legal Acts. Except as provided by the Section entitled “Attorney’s Fees and Legal Expenses,” in no event shall the City, or its officers, agents or employees, be liable in damages for any breach or violation of this Agreement, it being expressly understood and agreed Subdivider’s sole legal remedy for breach or violation of this Agreement by City shall be a legal action in mandamus, specific performance or other injunctive or declaratory relief to enforce the provisions of this Agreement.
21) Attorney’s Fees and Legal Expenses. If either party is required to commence any proceeding or legal action to enforce any term or condition of this Agreement, the prevailing party in such proceeding or action shall be entitled to recover from the other party its reasonable attorney's fees and legal expenses.
22) Obligation Running With Land. This Agreement shall burden the Subject Property described and constitute a covenant running with the land for the benefit of City and shall be binding upon the successors, transferees, and heirs of Subdivider. Subdivider consents to the recordation of this Agreement with the Tulare County Recorder.
23) Waiver. The waiver by either party of a breach by the other of any provision of this Agreement shall not constitute a continuing waiver or a waiver of any subsequent breach of either the same or a different provision of this Agreement. No provisions of this Agreement may be waived unless in writing and signed by all parties to this Agreement. Waiver of any one provision herein shall not be deemed to be a waiver of any other provision herein.
24) Ambiguities or Uncertainties. Any ambiguities or uncertainties herein shall be equally and fairly interpreted and construed without reference to the identity of the Party or Parties preparing this Agreement, on the express understanding and agreement the Parties participated equally in the negotiation and preparation of the Agreement, or have had equal opportunity to do so. Accordingly, the Parties hereby waive the benefit of California Civil Code §1654 and any successor or amended statute, providing that in cases of uncertainty, language of a contract should be interpreted most strongly against the Party who caused the uncertainty to exist. 25) Severable Provisions. The provisions of this Agreement are severable. The invalidity or unenforceability of any one provision in this Agreement shall not affect the validity or enforceability of the other provisions, which shall remain in full force and effect. 26) Release of Conditions. The conditions and obligations of this Agreement shall remain in full force and effect until such time as City Engineer issues a Notice of Completion finding the conditions and obligations of this Agreement have been fully satisfied and are no longer required for public health and safety reasons and thereafter records such Notice of Completion with the Tulare County Recorder. 27) Venue. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of California. Venue shall be Tulare County, California. 28) Fees Due Prior to Recordation. The fees due to the City set forth in Exhibit “C”, attached hereto and incorporated herein by this reference, shall be paid in full prior to recordation of the final map. * * * *
Subdivision Improvement Agreement 7
Final Map of Liberty Hill Phase 2
IN WITNESS WHEREOF, the Parties hereto have duly executed this Agreement.

CITY OF TULARE CENTURY COMMUNITIES OF CALIFORNIA, LLC
a Municipal Corporation

By: By:

Marc Mondell, City Manager
Name:

Title:

ATTEST:

Chief Deputy Clerk and Clerk of the Council
Of The City of Tulare
(Attach Notary Acknowledgments)

Subdivision Improvement Agreement 8
Final Map of Liberty Hill Phase 2
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 Tulare )
On __________________ 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
Subdivision Improvement Agreement 9
Final Map of Liberty Hill Phase 2

SUBORDINATION

The undersigned as holder of the beneficial interest in and under that certain Deed of Trust recorded on { , 20 }, in the office of the Tulare County Recorder, as Document No. {Doc. No. } of which the Deed of Trust in, by and between {Full Name of Trustor}, as Trustor, {Full Name of Trustee}, as Trustee and {Full Name of Beneficiary}, as Beneficiary, hereby expressly subordinates said Deed of Trust and its beneficial interest thereto to the foregoing {Insert full name of Agreement, e.g. Subdivision Agreement for the Final Map of [including Addendum to Subdivision Agreement for Rights of Way Acquisition]}.

DATED: ____________________, 20___

BENEFICIARY

By: ________________________________________

Print Name: ________________________________________
Title: ________________________________________

(Beneficiary to print/type document information, Name, Title and attach Notary Acknowledgment)
Subdivision Improvement Agreement 10
Final Map of Liberty Hill Phase 2
A Notary Public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.
___________________________________
Signature of Notary Public
Subdivision Improvement Agreement 11
Final Map of Liberty Hill Phase 2
EXHIBIT “A”
Estimated Improvement Costs & Security Requirements
Bond Type Required Bonding Amounts
Performance Bound Amount*
(100% Improvement Cost**)
$2,242,510.30
Payment Bond Amount
(50% Improvement Cost
$1,121,255.15
Maintenance Bond Amount***
(10% of Required Improvements)
$224,251.03
* For a single combined performance and payment bond, bond amount shall equal the algebraic sum of the performance and payment bond amounts listed above
** Upon the developer's request, the city may calculate a reduced bond amount (less than 100% improvement cost) following the City’s standard bond reduction procedures for partially installed improvements.
*** Maintenance bond is required at the time the improvements are accepted by the city.

Subdivision Improvement Agreement 12
Final Map of Liberty Hill Phase 2
EXHIBIT “B”
Estimated Oversize Improvement Costs
Item Cost of Oversize
Improvements
Street Oversize Improvements, including but not limited to:

Street Name: West Street
Oversize Within 22’ St Width
Material Cost for Supplemental Aggregate Base Material (10” vs. 17.5”) Material Cost for Supplemental Asphalt Concrete Material (4” vs. 5”) $13,403.29
Oversize Beyond 22’ St Width $54,911.60
Material Cost for Supplemental Aggregate Base Material (17.5” vs. 17.5”) Material Cost for Supplemental Asphalt Concrete Material (5” vs. 5”) Sanitary Sewer System Improvements, including but not limited to:

Street Name: None
Material Cost for Supplemental Sewer Main Size
Material Cost for Supplemental Sewer MH Size (Type II vs Type I) $0.00 Lift Station Improvements:

Force Mains:

Storm Drain System Improvements, including but not limited to:

Street Name: None
Regional storm drain mains (x" diameter)
Regional storm drain manholes (Qty. = ) $0.00
Ponding Basin (Land Cost, Excavation, Fencing, Frontage Improvements) Lift Station Improvements:

Force Mains:

Water System Improvements, including but not limited to:

Street Name: None
Material Cost for Supplemental Water Main Size
Material Cost for Supplemental Water Appurtenances $0.00 Well/Storage Tank Site (Land Cost, Frontage Improvements) Total Estimated Oversize Costs $68,314.89
Subdivision Improvement Agreement 13
Final Map of Liberty Hill Phase 2
EXHIBIT “C”
Subdivision Agreement Fees
Account No. Transaction No. R/C
No.

Description of Charge Quantity Unit Cost Total
Amount

Inspection, Testing and Construction
001-3247-001 1391 S-29 Public Inspection Fee 1 $35,473.27 $35,473.27 010-3265 3060 Backflow Test 1 $91.00 $91.00
010-3270-3 3073 Water Pressure Test 1 $264.00 $264.00
010-3270-004 3074 Water Purity Sample 11 $227.00 $2,497.00

Front Foot Fees
015-3265 3420 Sewer Front Foot 688 $28.00 $19,264.00
010-3265 3060 Water Front Foot 688 $19.00 $13,072.00
001-3265 9260 Street Front Foot 0 $0 $ 0.00

Benefit Districts
001-3252-002 1472 S-37 Benefit District Creation 0 $1458.00 $ 0.00 001-260- 9260 Storm Drain Benefit District 0 $0 $ 0.00
001-260 9260 T.I.D. Benefit District 0 $0 $ 0.00

In-Lieu Fees
001-260-053 9260 T.I.D. Ditch Piping 0 $0 $ 0.00
001-3249- 141 Storm Drain Acreage 0 $0 $ 0.00
001-260-055 9260 Off-site Street Improvements 0 $0 $ 0.00

Non-Bonded Improvements
001-3266-000 1611 Street Signs 14 $276.00 $3,864.00

Other
001-3120-2 1252 Street Easement/Abandonment 0 $0 $ 0.00

Total = $74,525.27
Less Previously Paid = $0
Less Credits = $0
Amount Due = $74,525.27
Subdivision Improvement Agreement 14
Final Map of Liberty Hill Phase 2
EXHIBIT “D”
Minimum Insurance Requirements, Coverage Types, Amounts Coverage Afforded Limits of Liability
Worker’s Compensation: Statutory
Commercial General Liability Insurance Including: $2,000,000 Bodily Injury and Property Damage,
Combined Single Limit
a) Products & Completed Operations
b) Blanket Contractual
c) Explosion, Collapse & Underground Hazard
Automobile Liability Insurance including: $2,000,000 Bodily Injury and Property Damage,
Combined Single Limit
a) Non-owned
b) Leased
c) Hired Vehicles
PLS 8026

PROFES IONAL LAND SURVEYOR

STATE OF CAL I FORN I A

RUBEN APARICIO I I I

Staff Report
Meeting: City Council
Date: October 21, 2025
Department: Engineering Services - Engineering
Submitted by: Michael Miller, City Engineer
Agenda Title: Parcel Map Acceptance – TPM 2025-02 Lekkerkerker

RECOMMENDED ACTION
Approve Parcel Map 2025-02 associated with the Lekkerkerker Subdivision, filed by BF Central Valley Holdings, LLC, a Washington Limited Liability Company, for the division of land located at the northeast corner of Pratt Street and Paige Avenue for recordation, and accept all dedications and easements offered to the City.

SUMMARY
Tentative Parcel Map No. 2025-02, filed by BF Central Valley Holdings, LLC, seeks to create three parcels from one existing parcel for the future development associated with the Lekkerkerker Subdivision.

The City of Tulare Planning Commission approved the Tentative Parcel Map on July 14, 2025, by Resolution No. 867. This parcel map covers approximately 59.3 acres, with Parcel 1 measuring 29.3 acres, Parcel 2 measuring 20.1 acres, and Parcel 3 measuring 9.9 acres.

FISCAL IMPACT & FUNDING SOURCES
There is no fiscal impact associated with this action.

ENVIRONMENTAL REVIEW
The tentative subdivision map for Lekkerkerker was approved by the Tulare Planning Commission on January 13, 2025, by Resolution No. 5499. A Mitigated Negative Declaration was prepared in support of the tentative map submittal, and the Planning Commission made the finding that there was no substantial evidence that the project would have a significant effect on the environment with the incorporated mitigation measures.

POTENTIAL CONFLICT OF INTEREST
Staff is not aware of any conflicts of interest.

LEGAL REVIEW
The parcel map will be reviewed for compliance with applicable legal requirements prior to recordation.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes - Changes may result in a delay to the project continuing and an additional financial burden to the applicant.

2. Deny – Denial would prevent the division of the existing parcel, which may hinder the future development of the Lekkerkerker Subdivision.

3. Table - Tabling the item may cause delays in the project's continuation and add financial burdens to the applicant.

Item #: 10.6
Consent

ATTACHMENTS

1. Planning Commission TSM Resolution No. 5499

2. Planning Commission TPM Resolution No. 867

3. Parcel Map 2025-02 - Lekkerkerker
Reviewed/Approved:

Staff Report
Meeting: City Council
Date: October 21, 2025
Department: Community Development - Housing
Submitted by: Alexis Costales, Housing and Grants Manager Agenda Title: HOME Investment Partnerships (HOME) Program and CalHome Program Funds

RECOMMENDED ACTION
Adopt a resolution authorizing an appropriation of HOME Investment Partnerships Program (HOME) and CalHome Program grant and program income funds to Self-Help Enterprises for the implementation of first-time homebuyer/mortgage assistance and owner occupied rehabilitation activities from October 1, 2025, through September 30, 2028; and the execution of a subrecipient agreement, any amendments thereto, and of any related documents necessary to establish annual budgets and implement activities in accordance with regulations of the HOME and CalHome Programs.

SUMMARY
The City of Tulare (“City”) regularly submits applications for HOME and CalHome ‘grant’ funds to the California Department of Housing and Community Development (“HCD”), typically to implement activities that provide loan or grant financing to help low-income person(s) affordably purchase a home, complete necessary improvements to their properties, and rent a home. Currently, the City is responsible to HCD for the expenditure of 2019 HOME grant funds in the amount of $451,493 for first-time homebuyer (FTHB) and owner-occupied rehabilitation (OOR) assistance, HOME program income in the amount of $304,400 for tenant based rental assistance, OOR, and FTHB activities, and CalHome reuse funds in the amount of $49,194 for mortgage and owner-occupied rehabilitation assistance. Additionally, City staff anticipate receiving access from HCD to a 2022-2023 HOME grant of $300,000 for first-time homebuyer and owneroccupied rehabilitation activities. The existing subrecipient agreement with Self-Help Enterprises involving the delivery of HOME and CalHome activities expired on September 30th, 2025. Self-Help Enterprises responded to the Community Development Department’s Request for Proposal number 25- 815 and submitted the sole compliant scope of work and budget for the use of HOME funds, grant and/or program income, for the delivery of first-time homebuyer and owner-occupied rehabilitation assistance.

And, given the similarity of these HOME activities to those of the CalHome Program’s mortgage assistance and owner-occupied rehabilitation services, City staff forward a comprehensive agreement with Self-Help Enterprises for HOME and CalHome homebuyer and housing rehabilitation activities for City Council’s consideration.

Obligation of HOME and CalHome funds for the aforementioned activities aligns with the City’s recently adopted Consolidated Plan. The 2025-2029 Consolidated Plan1 prioritizes federal and state grant funds to preserve and expand affordable housing opportunities in the community. To this end, HCD’s CalHome Program supports homeownership programs aimed at lower and very low-income households and those operated by private nonprofit and local government agencies, to increase homeownership and encourage neighborhood revitalization and sustainable development. While the federal HOME Program provides funding to state and local governments to provide decent affordable housing to low-income households and address affordable housing needs through four HOME eligible activities, including homeowner rehabilitation, homebuyer, rental, and tenant based rental assistance. Historically, the City secured both HOME and CalHome grant funds to provide said activities through competitive grant application cycles overseen by HCD. Combined with HOME and CalHome grant awards from HCD, the City also oversees a borrower loan portfolio with an estimated value over $7,000,000, composed principally of borrowers 1 2025-2029 Consolidated Plan document and related materials is available on the City’s Housing Reports webpage at https://www.tulare.ca.gov/government/departments/community-development/housing-grantsservices/reports.

Item #: 10.7
Consent
who received loans to purchase or rehabilitate a home under the HOME and CalHome Programs during the last 35 years. Upon receipt of loan repayments, the City must repurpose the HOME ‘program income’ or CalHome ‘reuse’ funds to eligible HOME and CalHome activities respectively. This portfolio essentially forms a revolving fund with median annual balances for the last five years at about $330,000 for HOME and less than $15,000 for CalHome funds. The presence of sizable grant and program income fund balances requires timely and effective activities, with minimal interruptions to the implementation of the type of housing programs identified.

Lastly, City staff contend that Self-Help Enterprises’ past performance and the local housing market conditions set up FTHB and OOR activities for sustained success. Since 2020, excluding a two-year stoppage to the first-time buyer activity under the HOME Program by HCD, Self-Help Enterprises provided 9 first-time homebuyer assistance loans (median loan amount of $73,699) and 6 owneroccupied rehabilitation loans (median loan amount of $62,040). Together with recent housing market needs assessments with the City’s ConPlan and regional Housing Element, there remains a demand and gap for the special financing among low-income residents that HOME and CalHome activities may address. If approved by City Council as presented, City staff may finalize a subrecipient agreement and program guidelines as necessary to ensure a continuation of these particular activities under HOME and CalHome Programs for upwards of three years. The Housing and Grants Division will oversee a contract and collect data on a monthly basis to gauge production and fiscal outcomes, which will also establish a basis for programmatic and/or budgetary adjustments at least annually. City staff anticipate consistent demand among eligible households for these activities and annual production goals of two first-time homebuyer and owner-occupied rehabilitation loans.

FISCAL IMPACT & FUNDING SOURCES
Appropriate a portion of the total HOME and CalHome funds over three fiscal years, beginning with Fiscal Year 2025-2026, for the reimbursement of HOME and CalHome eligible activities expensed through fund (310) and accounts (702 and 752 respectively).

ENVIRONMENTAL REVIEW
This action does not constitute a “project” pursuant to the California Environmental Quality Act (CEQA).

POTENTIAL CONFLICT OF INTEREST
Staff is not aware of any conflicts of interest.

LEGAL REVIEW
This item involves an appropriation of HOME and CalHome funds to a nonprofit organization, Self-Help Enterprises, for the delivery of particular housing activities that will be subject to a subrecipient agreement reviewed and approved by the City Attorney.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as a part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes

2. Deny

3. Table
If authorization is not given, then the City will encounter an immediate pause to particular housing activities and must forward alternative activities and/or subrecipients that align with existing strategic plans and involve a timely expenditure of HOME and CalHome grant and program income funds per state and federal guidelines.

ATTACHMENTS

1. Resolution

2. DRAFT Subrecipient Agreement with Self-Help Enterprises Reviewed/Approved:

RESOLUTION 2025-XX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TULARE

AUTHORIZING AN APPROPRIATION OF FUNDS UNDER THE HOME INVESTMENT

PARTNERSHIPS PROGRAM (HOME) AND CALHOME PROGRAM TO SELF-HELP ENTERPRISES

AND THE EXECUTION OF A SUBRECIPIENT AGREEMENT ANY AMENDMENTS THERETO, AND

OF ANY RELATED DOCUMENTS NECESSARY IMPLEMENT ELIGIBLE HOME AND CALHOME

PROGRAM ACTIVITIES
WHEREAS, The California Department of Housing and Community (the “Department”) is authorized to allocate HOME Investment Partnerships Program (“HOME”) funds made available from the U.S. Department of Housing and Urban Development (“HUD”). HOME funds are to be used for the purposes set forth in Title II of the Cranston-Gonzalez National Affordable Housing Act of 1990, in federal implementing regulations set forth in Title 24 of the Code of Federal Regulations, part 92, and in Title 25 of the California Code of Regulations commencing with section 8200; and WHEREAS, The Department is also authorized to allocate CalHome funds, a Program established by Chapter 84, Statutes of 2000 (SB 1656 Alacron), and codified in Chapter 6 (commencing with Section 50650) of Part 2 of Division 31 of the Health and Safety Code (the “statute”). Pursuant to the statute, the Department is authorized to approve funding allocations utilizing monies made available by the State Legislature to the CalHome Program, subject to the terms and conditions of the statute and the CalHome Program Guidelines adopted by the Department in December 2022; and, WHEREAS, on February 21st, 2025, the City of Tulare’s Community Development Department released a Notice of Funding Availability (the “NOFA”) announcing the availability of federal and state grant funds to local organizations and public agencies for the implementation of eligible activities that align with the needs and goals of the City’s Consolidated Plan; and WHEREAS, the City of Tulare received a total of eight (8) applications from different organizations in response to the NOFA and evaluated proposals to gauge an applicant’s capacity, relevant performance, and the reasonableness of the scope of work and related budget; and WHEREAS, City of Tulare staff identified Self-Help Enterprises, a 501(c) (3) nonprofit community development organization and respondent to the NOFA, as a potential recipient for an appropriation of HOME funds for the implementation of first-time homebuyer and owner-occupied rehabilitation assistance as well as CalHome funds for the implementation of mortgage assistance and owner-occupied rehabilitation assistance to eligible low-income residents; and WHEREAS, City of Tulare staff recommend the establishment of a new subrecipient agreement with Self-Help Enterprises for a period of three years with an effective date of October 1st, 2025, to deliver said HOME and CalHome program activities to promote affordable housing access and preservation, a primary 2025-2029 Consolidated Plan goal; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Tulare, as follows:

Section 1. Beginning in Fiscal Year 2025-2026, The City of Tulare approves an appropriation from the City’s HOME grant and program income funds not to exceed five hundred four thousand, four hundred dollars ($504,400) and an appropriation from the City’s CalHome reuse fund not to exceed fortynine thousand one hundred ninety-four dollars ($49,194) for the following activities and/or programs:
-First Time Homebuyer Assistance (HOME Program)
-Owner Occupied Rehabilitation Program (HOME Program)
-Mortgage Assistance Program (CalHome Program)
-Owner Occupied Rehabilitation Program (CalHome Program) to be located in the City of Tulare.

Resolution 2025-XX

Page 2 ends

Tulare City CouncilOctober 21, 2025

Tulare City Council
October 21, 2025